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Permanent Link: http://ufdc.ufl.edu/UF00084249/03091
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Title: The Tribune.
Uniform Title: Tribune. (Nassau, Bahamas).
Alternate Title: Nassau tribune
Physical Description: v. : ill. ; 58 cm.
Language: English
Publisher: Tribune
Publication Date: 09-09-2011
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Genre: newspaper   ( sobekcm )
Spatial Coverage: Bahamas
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General Note: Description based on: Vol. 79, no. 210 (Aug. 3, 1983); title from caption.
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Source Institution: University of Florida
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Resource Identifier: oclc - 09994850
oclc - 9994850
System ID: UF00084249:03091

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N ASSA U AND BAHAMA ISLANDS LEADING NEWSPAPER Volume: 107 No.235FRIDAY, SEPTEMBER 9, 2011 PRICE 75 (Abaco and Grand Bahama $1.25 WEATHER SUNNY, T-STORM HIGH 89F LOW 81F By CELESTE NIXON Tribune Staff Reporter cnixon@tribunemedia.net T HE discovery of the car belonging to a woman and child found dead in NassauH arbour on Tuesday has raised suspicions of foul play, police sources said. Officially, the police are awaiting autopsy results before classifying the deaths and are quick to point out they have yet to uncover any evidence of wrongdoing. However, sources within the force say clues connected to the discovery of the car near the Cricket Club on West Bay Street have left investigators open to the pos sibility they were murdered. Among these is the fact that the car was not seen there at any point on Tuesday meaning someone had to bring it there after the bodies had already been found. Police said the Nissan Sen tra was spotted Wednesday night by a passing jogger who read about the search for this missing piece of the inves tigation in the news. According to Supt Paul R olle, officer in charge of the Central Detective Unit, suggestions that the car was dri ven by someone after the m other and daughter died does not necessarily mean they were murdered. He pointed out that some one might have stolen the car from another location where the victims left it and brought it to the Cricket Club on Wednesday. The bodies of Amanda Seymour Burrows, 32, and her five-year-old daughter Kaysha Burrows were pulled from the waters behind Elizabeth on Bay Plaza Tuesday morning. Police said there were no visible injuries on the bodies of either of the victims. TRYOUR PINA COLADA McFLURRY The Tribune THEPEOPLESPAPER BIGGESTANDBEST LATESTNEWSONWWW.TRIBUNE242.COM INSIDE TODAY: THESEASONSTARTSHERE GETYOUR NFL 2011 SPECIAL EDITION Car found in mystery deaths case WELL-KNOWN SAILING CLUB MEMBER IN HOTEL FALL TRAGEDY B y AVA TURNQUEST T ribune Staff Reporter aturnquest@tribunemedia.net A WELL-KNOWN Nassau sailing enthusiast who had been missing for somet ime has died after falling eight floors from t he balcony of his hotel in Puerto Rico. Jack Donald, 53, died of his injuries in h ospital. P olice confirmed the tragedy took place last Friday. Mr Donalds death has been categorised a s a suicide, according to detectives who discovered a note inside his room at the Radisson Ambassador Plaza Hotel & Casino, in San Juan. The contents of the note have not been d isclosed as police continue their investigations. Edward Ramirez, police spokesman, said t hat the suicide was reported at the hotel shortly after 11 am, Friday, September 2. Mr Donald survived the fall and was taken Discovery raises suspicions of foul play SEE page nine SEE page eight POLICE OFFICERS remove the car which belonged to Amanda Seymour Burrows from the Cricket Club on West Bay Street. Tim Clarke /Tribune staff By SANCHESKA BROWN DEPUTY Prime Minister Brent Symonette has accused talk show host Steve McKinney of having a personal vendetta against him and of making ludicrous comments in an effort to slander his name. Mr Symonettes comments came after he was informed that Mr McKinney had sug gested that he was somehow benefiting from the governments extensive road work project, to the tune of millions of dollars. While admitting he did not hear the report personally because he does not listen to garbage, Mr Symonette said he is not surprised by Mr McKinneys comments. By PAUL G TURNQUEST Chief Reporter pturnquest@tribunemedia.net A FORMER candidate for the PLPs nomination in the Marathon area was shot and killed in Fox Hill on Wednesday evening. Described as a community leader by his peers and colleagues, the reports of Neil Percenties death sent shockwaves through the Union Village area yesterday. His death has been described by eyewitnesses as a senseless killing. According to police sources last night, Mr Percentie had been travelling in a white twodoor Honda around 8.30pm with a male relative and three young women when the car was fired upon. Seated in the back seat of the vehicle, Mr Percentie TROPICAL storm Maria will only have a slight affect on the country, according to meteorologists. The storm was expected to weaken to a depression last night, according to Accuweather, whose storm projections indicated that the system is likely to pass over the south ern Bahamas. Tropical Storm Maria formed in the Atlantic yesterday, becoming the 13th named storm in the 2011 hurricane season. STORM WILL HAVE SLIGHT EFFECT ON BAHAMAS DEPUTY PM ACCUSES TALK SHOW HOST OF PERSON AL VENDETT A SEE page eight SEE page eight FORMER CANDIDATE FOR PLP NOMINATION SHO T AND KILLED

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By MEGAN REYNOLDS Tribune Staff Reporter mreynolds@tribunemedia.net PRE-ELECTION politics reached the prime ministers constituency this week as the leader of the PLP and his top MPs toured the area with local candidate Renardo Curry. C onfident and unafraid, the Murp hy Town businessman hoping to steal the prime ministers seat believes his youth and commitment to local people gives him the edge over the North Abaco MP of the last 34 years. On a road-trip from Marsh Harbour t o Crown Haven at the western tip of n orth Abaco, the PLP contingency i ncluding deputy leader Philip Brave D avis, party chairman Bradley Roberts, and MPs Ryan Pinder and F red Mitchell, Shane Gibson, as well a s new candidates, stopped at homes and businesses to talk to local people a nd survey hurricane damage after I rene. I n the well-groomed settlement of C oopers Town, where Prime Minister Hubert Ingraham was raised and still h as a home, they saw damage to roofs, the public dock and at the gas station run by PLP supporter Medious Edgec ombe who has successively run the town gas station for 55 years, and p ainted the pumps blue and yellow in t ribute to his party. Political Oddity However taxi driver Ronald Murray s aid Mr Edgecombe is somewhat of a political oddity in Coopers Town where Mr Ingraham has ensured ther oads are smoothly paved, there are s treet signs are on every corner, dual aluminum street lights hang over the seafront road, sidewalks line the s treets and government buildings, including an impressive two-storey health clinic, are well-kept anda ppeared undamaged by the storm. In Coopers Town its hard to win, he said. People highly appreciate what he h as done. But in Dundas Town, Murphy Town and areas like that, they are q uestionable areas. So if you give him the middle and take the two ends, it could be done. P LP hopeful Renardo Curry said h e is confident he can win the seat as many Abaconians are ready for a change. As township chairman for Murphy Town and member of the central Abaco district council, Mr Curry, who was ratified by the PLP on May 5, said his party would offer a support structuref or local government that is missing u nder the FNM. My advantage is that I live here, I experience what they experience, Mr Curry said. I intend to be there on the ground f or the people, to listen to their concerns, the issues that really affect them s ocially. Issues There are major issues to be a ddressed in education, Mr Curry said, as there is a need for a vocational t raining college to give young people who are not academically inclined an opportunity to be trained in job skills. A nd he would like Abaco residents to have more opportunities to win job contracts for construction projects, the PLP candidate said. I believe strongly that I will get in, he said. I have support from the leader of t he PLP and the MPs who have pushed for me. We have a large contingency of y oung people that are behind me; peo ple who are tired of just business as usual. We believe that the change has to c ome now for us and the generation after us. Although the prime minister may h ave pleased Abaconians by solving ongoing issues with electricity supply by building a $105m power plant inW ilson City, and starting the longa waited rebuild of Marsh Harbour international airport, Mr Curry said h e can offer something the prime min ister cannot. What we are seeing now is millions of dollars being spent in Abaco a nd we believe that because its being spent so close to the election its obvious that its politically motivated, Mr Curry said. So we hope people will be able to see through this political scheme andc hoose someone who is going to be there for the people to deal with their needs. We were hoping that our prime m inister will have honoured his word and retired, but as that doesnt seem to be the case, I guess we will have to retire him. PLP CONTINGENT TOURS NORTH ABACO CONSTITUENCY WITH LOCAL CANDIDATE By MEGAN REYNOLDS Tribune Staff Reporter m reynolds@tribunemedia.net POOR working conditions that led nurses at the Marsh Harbour medical clinic tow alk off the job this week were scrutinised by PLP candidate for Carmichael Daniel Johnson on a party visit to Abaco on Wednesday. N o air-conditioning, m ouldy ceilings and blocked toilets drove five of the clinics six nurses out of work for two days as repairs got under w ay and doctors treated patients on an emergencyonly basis. Dr Johnson, of the WalkIn medical clinics, said it was disappointing to see the most important of Abacos six healthcare centres out ofa ction. The clinic, run by two doct ors and six nurses, typically s ees 60-100 patients a day, but this week has been serving only emergency cases. I think its unsanitary for staff here, Dr Johnson said. Public health is all about prevention and control of dis ease, and that is where to put your resources. But there are no staff h ere today so they are not a ble to carry out their mandate. Its disappointing. Dr Johnson said the clinic required to provide preventative care, maternity services, orthopedics, and prepare patients for airlifting to hospital emergency services should be state-of-the-art. And building a hospital for the community, as the PLP had intended to do in 2008, is long overdue, he said. Public health has fallen d own on the job, he said. LOCAL NEWS PAGE 2, FRIDAY, SEPTEMBER 9, 2011 THE TRIBUNE By CELESTE NIXON Tribune Staff Reporter cnixon@tribunemedia.net THE appearance of the Paradise Island bridges particularly the older one has sparked public concern and calls for immediate repairs. Photos sent to The Tribune showed a number of large cracks in the old bridges support beams, as well as rusty reinforcing bars exposed where layers of cement had fallen away. The bridges are in urgent state of disrepair when will they be fixed? asked one man. Minister of Works and Transport Neko Grant said while there are visible signs of deterioration, they are only super ficial and the bridge is structurally sound. Engineers have determined that it is not a structural concern, but we will make the necessary repairs, said Mr Grant, who added that the relevant contracts have been signed. He added that some underwater work has already been completed on both bridges. C ON CERNS RAISED OVER THE DETERIORA TING STATE OF THE PI BRIDGE JOHNSON SCRUTINISES POOR WORKING CONDITIONS AT MEDICAL CLINIC C URRY EYES PRIME MINISTERS SEAT DAMAGES: Coopers Town dock in shambles after Hurricane Irene. STRONG SUPPORTER: Coopers Town service station owner and party supporter M edious Edgecombe stands in front of one of his gas pumps that he painted blue and yellow in tribute to the PLP party. G ANGS ALL HERE: P LP party leaders socialising in North Abaco. Share your news The Tribune wants to hear fr om people who are making news in their neighbourhoods. Perhaps you are raising funds for a good cause, campaigning for improvements in the area or have won an award. If so, call us on 322-1986 and share your story. D aniel Johnson DECAY: Pictured are a number of large cracks in the old bridges support beams, as well as rusty reinforcing bars exposed where layers of cement had fallen away.

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B y MEGAN REYNOLDS T ribune Staff Reporter mreynolds@tribunemedia.net AS PLP party leaders attempted to build support inA baco this week, disenchanted FNM voters in Marsh Harbour s aid they are more likely to go green. DNA candidate Roscoe Thompson III, the former chief c ouncillor who stepped down f rom the Central Abaco Dist rict Council for the chance to represent his community on a n ational scale, appears to be drawing in votes from both dissatisfied FNMs and faithfulP LPs as more than 500 people s warmed the launch of the D NA party at the Abaco Shopping Centre in Marsh Harbour last week. The crowd was largely made up of disenchanted FNMv oters seeking to support a candidate that will give them better representation in Par l iament, noted one local political observer, who said a small fraction of the interested voters were traditionally PLP sup p orters. He said: Generally people know Roscoes going to stand up and make noise for Abaco;h es going to say something when others might just complain. There is dissatisfaction w ith the present representative because for the most part he has not been visible. Last year when we had so many power outages, one of the big questions in our protest w as Where is our MP? You dont see representation for Abaco in Parliament now, you dont hear Edison K ey fighting for things for Abaco, and Abaco feels left out. There is also dissatisfact ion with the FNM in general, as central government deals with Nassau first, and Abaco feels like a second-class citizen. We have roads here that a re well overdue for repairs, we have been in need of an airport for 20 years at least, the power station upgrade was justd one, and not even that was done properly, and some of the blame is on the government a nd some is on the MP. The Marsh Harbour resi dent said he believes it is the impartial voters under 35 whow ill swing the election, as they see little difference between the FNM and PLP and are aski ng more questions of the cand idates. I have a growing faith in the DNA, he said. I think they are genuinely trying to restore in a sense of democracy by bringing it back t o the people, because they are w illing to listen to the people and they are going to come back to the people and f ind out what do the people want. PLP candidate for North A baco, Renardo Curry, said h e does not fear a DNA competitor in the seat he is vying for, currently occupied by Prime Minister Hubert Ingraham. I dont think its a threat at this time especially in North Abaco, he said. We believe that people h ere are either loyal PLPs or FNM. People want change not s o much from the party but from representatives. They want someone who k nows the needs of the people a nd is on the ground. LOCAL NEWS T HE TRIBUNE FRIDAY, SEPTEMBER 9, 2011, PAGE 3 By NOELLE NICOLLS Tribune Staff Reporter nnicolls@tribunemedia.net URBAN Renewal Centres across the island are set to receive new resources thanks to a part nership in the non-profit sector that was solidified this week. The Lignum Vitae Centre of Hope (LVCH ment with the Florida branch of the international 4-H Youth Development Programme to bring youth activities and training opportunities to service clubs in the Bahamas. The new agreement officially makes Bahamas 4-H a pro gramme of LVCH. By harness ing the network of Urban Renewal centres, LVCH hopes to implement local clubs across the island, and fulfil its mission of creating supportive environments for diverse youth and adults to reach their fullest potential. It is learning by doing for our youth. We want them to learn the life skills that some of them are not having the opportu nity to learn. We want them to learn to be productive citizens. We want them to learnto think for themselves. It means sharing information with them in a slightly different way. It is not about us telling them what to do, how they have to do it, when they have to do it, said Shelagh Pritchard, Bahamas 4-H Coordinator. What we do is impart the i nformation and ask them to take it and develop it. We give them the responsibility. We want them to inquire. We want them to use their minds. We want them to ask questions, which is very different than how all of us have grown up. If we cant engage them, we lose them, and we know we are losing them. This is why this pro gramme is very important for us to take into the communities that are looking for activities after school, weekends, summer programmes, said Ms Pritchard. Florida 4-H, which is administered by the University of Florida (UF support to the local operation. Norma Samuel, UF Project Team Leader, said volunteers in the United States collected 6000 books in a Bahamas 4-H book drive to donate to local clubs. Ms Samuel played an key role in the development of Bahamas 4-H from the needs assessment stage to the implementation. Dr Keith Diem, Florida 4-H Programme Leader, said: The way 4-H started in the United States is similar to how it is starting (in the Bahamas difference made for youth around the country. It is not an accident that it started at the g rass roots level. People said hey, we want to help kids. We want to make a differ ence. The 4-H approach recognises that children need to learn more than reading, writing and other basic skills learned in school. He said 4-H helps children to develop thinking skills, public speaking skills, getting involved in helping others. Loretta Butler-Turner, Minister of State in the Ministry of Labour and Social Devel opment, witnessed the signing earlier this week, at the official launch of 4H Bahamas. I firmly believe that the 4-H Club pro gramme has the potential to develop our youth into truly productive citizens and true role models for future generations of Bahamians. I am confident that the goals and objectives of this programme, as they were explained to me today, would impact the development of the youth of our society and hence the development of our society in a very positive manner, said Ms ButlerTurner at the launch event. By TANEKA THOMPSON Deputy Chief Reporter tthompson@tribunemedia.net SEVERAL businesses voiced concerns about government's duty exemption policy for hurricane victims arguing that the practice does not support the local economy. A few company managers said government should have directed those who suffered loss from the storm to purchase goods inside the country. "The government should try and get (people maintained that for the regular Joe Blow that goes to the States, he should pay more on duty than the company trying to make a living and giving other people jobs," said Raymond Collins, general manager at Tops Lumber, who thinks the move will send more business abroad. "It should have been worked a different way so (victims could the local businesses." Multi Discount Furniture manager Diane Arnett said her company handles a lot of orders from the Family Islands. She also thinks government should have encouraged storm victims to buy Bahamian. "I think that would have been better," she said. However Danny Culmer, general manager of Kelly's Lumber Yard, believes the duty exemptions will not put a damper on his business. He said his company has competitive prices that often beats those in Florida or other parts of the US. "We always have a good inventory on a lot of stuff like shingles I don't think they'd beat the price by shipping it out of the US. Most US (stores gles, Florida has a lot of roof tiles. "Lumber is already duty-free. I've actually out bid American companies on a lot of items in the past. "If you go to the US, if you only have minor repairs to get a good rate in shipping it's not going to be as cheap as most people think. Most of the time they wouldn't save," said Mr Culmer, who has already had orders for building supplies from customers in Eleuthera and Cat Island. Amanda Meyers, manager of Fox Hill Nursery, said she does not have a problem with the exigency order because she doubts local nurseries can fill the demand needed to replace crops or greenhouses destroyed by Hurricane Irene. "If it hit us (in New Providence the shoe were on the other foot, I definitely would want to bring in the things duty free," she said. In the wake of Hurricane Irene Prime Minister Hubert Ingraham signed an exigency order to allow duty-free imports of building materials and agriculture supplies, among other things, for those hard hit by the storm. The prime minister's order allows the waiver of duties on the importation of building materials, electrical/plumbing fixtures and materials, household furniture, furnishing and appliances. Other items include materials for the reconstruction and repair of greenhouses, supplies for the reconstruction and repair of poultry houses, and supplies for the reconstruction and repair of irrigation systems. Nursery stock for the re-establishment of fruit orchards; items required for fencing; galvanised sheeting and other materials used in the construction of fishing habitats; fishing boats; fishing gear and apparatus; motor vehicles; motor cycles and golf carts are also listed on the exigency order. NEW RESOURCES FOR URBAN RENEWAL CENTRES LORETTA BUTLER-TURNER N ON-PROFIT SECTOR PARTNERSHIP C LAIMTHATPRACTICEDOES NOT SUPPORT THE LOCAL ECONOMY BUSINESSES VOICE CONCERN OVER HURRICANE DUTY EXEMPTION POLICY T T h h e e g g o o v v e e r r n n m m e e n n t t s s h h o o u u l l d d t t r r y y a a n n d d g g e e t t ( ( p p e e o o p p l l e e ) ) t t o o s s h h o o p p l l o o c c a a l l l l y y . I I ' v v e e a a l l w w a a y y s s m m a a i i n n t t a a i i n n e e d d t t h h a a t t f f o o r r t t h h e e r r e e g g u u l l a a r r J J o o e e B B l l o o w w t t h h a a t t g g o o e e s s t t o o t t h h e e S S t t a a t t e e s s , h h e e s s h h o o u u l l d d p p a a y y m m o o r r e e o o n n d d u u t t y y t t h h a a n n t t h h e e c c o o m m p p a a n n y y t t r r y y i i n n g g t t o o m m a a k k e e a a l l i i v v i i n n g g a a n n d d g g i i v v i i n n g g o o t t h h e e r r p p e e o o p p l l e e j j o o b b s s . R aymond Collins, general manager at Tops Lumber DISENCHANTED FNM VOTERS IN MARSH HARBOUR MORE LIKELY TO VOTE DN ELECTION 2012 DNA CANDIDATE Roscoe Thompson III, the former chief councillor who stepped down from the Central Abaco District Council.

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E DITOR, The Tribune. TO ALLthose persons who were born after 1992 or may have lived on Mars for the past 19 years please bei nformed that the FNM gove rnment opened up the airw aves in the Bahamas. Prev ious to them being elected The Bahamas only had one radio or Television station, the government owned ZNS. The above statement should be taught in every s chool and the recitation of i t should be made a requirement. It should be posted at t he national airport and those on the Family Islands, o n all seaports, Paradise Island and be made a requirement for the signing o n and signing off for all local radio and television s tations. This must be done so that the country would be able to get on with governance and tackle the myriad of problems that we arep resently encountering. The leader of the Opposit ion recently delivered a m essage to the Bahamian public and commented on t he current state of crime in the country. Also, not so p ositive statements have also been made via the air w aves about: The Dengue epidemic The road works and t heir affects on the local o ver-the-hill small businessmen. Murders Immigration Unemployment Inflation Hurricane Irene The performance of NEMA. Public debt. Grand Bahama. The sale of BTC and the c urrent poor performance of CWS already. The retirement of the staff at ZNS. The street lights. School grades and the educational system on thew hole. The current situation with regards to government scholarships. The current situation with regards to the government low cost housing scheme. The majority of Bahamians feeling like second class c itizens in their own count ry. The current state of unrest among civil servants.I ncluding, but not limited to, t he nurses, BEC, BTC, Water & Sewerage Corporation, Customs, Immigration, the Police and the Defence Force, etc. It seems that the overall answer to all of these is that t he FNM opened the airw aves and that is why peop le could say these things on t he airwaves. Well as Ive s aid that is the indisputable t ruth, but I think that the FNM government should not sell themselves short as I know for a fact that there are other positive things that they have done. In fact thinking hard about it I can e ven name a few: Atlantis Stipends and rewards for e lite athletes Increasing funds and e xposure for the local regattas and junkanoo. Introducing an aggress ive government low cost housing scheme And maybe a few others that dont come to mind att his time. One of the reasons that I hope everyone on earth is aware of the fact about the F NM opening up the airwaves is because when a new government is formed, by whomever, I hope they do not answer every criticism by stating their accom-p lishments and what they w ere first to bring to the B ahamas. Can you imagine t he next government being the PLP and they start answering with all their accomplishments and the magnitude of them? Imagine starting with Majority Rule and then going on to: Independence The best economy in the Caribbean The Bahamianisation project The government scholarship programme that resulted in the development o f our current leaders. The creation of the midd le class Bahamian The Central Bank National Insurance Etc, etc, etc. There would so much to t alk about that they would certainly not have time to g overn because of the sheer n umbers and we do not want that. So for the sake of g ood governance by whatever party wins, to all conc erned please note, the FNM opened up the air w aves in The Bahamas. A RNOLD F BAIN Jr N assau, September 7, 2011. EDITORIAL/LETTERS TO THE EDITOR PAGE 4, FRIDAY, SEPTEMBER 9, 2011 THE TRIBUNE The Tribune Limited NULLIUS ADDICTUS JURARE IN VERBA MAGISTRI Being Bound to Swear to The Dogmas of No Master LEON E. H. DUPUCH, Publisher/Editor 1903-1914 SIR ETIENNE DUPUCH, Kt., O.B.E., K.M., K.C.S.G., (Hon. Publisher/Editor 1919-1972 Contributing Editor 1972-1991 EILEEN DUPUCH CARRON, C.M.G., M.S., B.A., LL.B. Publisher/Editor 1972Published Daily Monday to Saturday Shirley Street, P.O. Box N-3207, Nassau, Bahamas I nsurance Management Building., P.O. F-485, Freeport, Grand Bahama TELEPHONES S witchboard (News, Circulation and Advertising) 322-1986 A dvertising Manager (242 C irculation Department (242 N assau Fax: (242 F reeport, Grand Bahama: 1-(242 Freeport fax: (242 W EBSITE w ww.tribune242.com updated daily at 2pm L ONDON Economic growth in m uch of the advanced world is near stagnation and set to remain limp through the rest of the year, although a downturn on the scale of the last one appears unlikely, an international research group said Thursday. The Organization for Economic Coope ration and Development, or OECD, said the recovery from the so-called Great Recession almost came to a halt in the s econd quarter of this year in many of i ts 34 members, including the United S tates and the euro area. In its latest outlook, the Paris-based group said a number of factors had dark-e ned the picture since its last report in May. These included the recent gridlock o ver U.S. fiscal policy, the eurozone sove reign debt crisis, continued bank bal ance-sheet problems, slowing trade flows and concerns about whether the existing economic policy tools can offset any fur t her weakness. ''The risk of more negative growth going forward has become higher in somem ajor OECD economies, but a down turn of the magnitude of 2008 and 2009 is not foreseen," it said. In Japan, growth was less negative t han projected in the immediate afterm ath of the March earthquake and sub sequent nuclear disaster, it said. But activ ity in China slowed in the course of the f irst half and manufacturing production there weakened. The OECD projected that growth in Group of Seven economies excludingJ apan would remain less than 1 per cent at annualized rates on average in the second half of this year. It predicted a U.S. expansion of 1.1 per cent in the third quarter and 0.4 per cent in the fourth. For the three largest eurozone countries Germany, France and Italy the forecast was for 1.4 per cent in the third quarter and negative 0.4 per cent in the subsequent three months. ''The impact of the sovereign debt woes in Europe and the United States a nd the associated turbulence in stock m arkets over the summer have not yet fully fed through into the indicators underpinning the projections," the report said. Growth in Japan is expected to be buoyed by post-disaster reconstruction, although its effect should fade by yeare nd. And Germany and Italy are both likely to see contractions during one quarter of the second half. B ut the report said that uncertainty s urrounding the projections was particul arly high. The main risks in the second half include a possible intensification ofE urope's debt crisis; further balance-sheet problems for banks; additional businesses running down inventories amid weakc onsumption; and the risk that unemp loyment rates in some economies could become entrenched. But it also said that the unwinding of temporary factors that had dampenedg rowth in Germany like the shutdown of nuclear plants and in France, such as the effects of phasing-out car scrappings ubsidies, "may prompt a sharper than projected rebound in activity in the third quarter." In addition, data on the federal budget h ad been better than expected so far this y ear in the United States, it said. The report said that official interest rates in most advanced economies shouldb e kept on hold. If in coming months signs emerge of enduring economic weakness, the OECD said rates should be lowered where there is scope. Where there isn o scope, other measures could include further central bank intervention in securities markets, even if that brings diminishing returns, it said. The governance of the eurozone must still be improved and the capitalization of banks in the region strengthened to stop contagion and restore confidence, the report said. (By Matthew Saltmarsh c.2011 New York Times News Service). The FNM opened up the airwaves LETTERS letters@tribunemedia.net Gloomy outlook for world economy /RXLVH'LDQH'LFHQRUGRI 3*HQHUDO'HOLYHU\7KRPSVRQV/DQH1RUWK3DOPHWWR 3RLQW (OHXWKHUD%DKDPDV EDITOR, The Tribune. PLEASEallow me space to vent my frustration with the new tent city that has sprung up on Woodes Rodgers Walk since the hurricane. It is a total free for all with over 150 tents taking up every square inch of the entire length of the wharf. A large percentage of the tents are opportunists who never even had a straw market stall. I own a business on Woodes Rogers Walk, I pay a huge rent, salaries, power, and water to have access to tourists walking in town. I have lost 50 per cent of my business since the hoard of vendors took over the entire wharf. Also, there is a small group of vendors that currently pay BAIC $50 a day to have their stalls out on the wharf. There is no room for these legitimate, craftspeople with a right to be there anymore because the whole block of Woodes Rodgers Walk has now been taken over. This is a disgrace and the government should be embarrassed to see their downtown district become a tent city occupied by people with no business license putting tents up wherever they choose. Even the police office has been completely surrounded by tents. Shame on you FNM. A CONCERNED BUSINESS OWNER Nassau, September, 2011. Frustration with the new tent city EDITOR, The Tribune. THElast shoe has fallen and Mr Rodney Moncur, former leader of the Workers Party, political activist, recently convert ed Catholic, recent new member of the Democratic National Alliance (DNA party in Bain and Grants Town Constituency. The Bahama Press that had waged a wicked campaign against Mr Moncur, day and night for six months failed and were seen to be wrong in their predictions. Mr Ortland Bodie, talk show host who lumped Mr Moncur with rejected candidate Mr Whitney Bastian, is seen to be wrong in his wishful thinking. The kitchen cabinet of the Breakfast Club at McDonalds in Oakes Field that cast lots on the outcome of this nomination were numb at the results; free breakfast for all! This three man rat race in Bain Town between two time representative Dr Bernard Nottage, the Rev Dr C B Moss and activist Rodney the Hammer Moncur, is the first line up that catches political onlookers eyes. It is threatening to become a volatile and explosive event; the outcome is anybodys guess. But, as the same goes; The first rat gets his tale in the hole his...is covered! Looking forward to a most interesting political season and promise much to say! TONY FERGUSON Nassau, September, 2011. Three man rat race in Bain and Grants T own

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By DENISE MAYCOCK Tribune Freeport Reporter d maycock@tribunemedia.net FREEPORT Albert Alexander Whylly, the clergyman accused of having sex with a nine-year-old girl, gave sworn testimony before a Supreme Court jury yesterday after the prosecution c losed its case. W hylly, 59, denied having s ex with the victim, who was a fourth grade student on February 6, 2011, when thei ncident is alleged to have happened. According to earlier evidence, the mother of the vict im dropped her daughter at the Whylly home around 6.30pm on the day in quest ion. T he mother asked Whyllys wife to watch the girl for a bout three hours while she w as at a Super Bowl party. The mother testified that s he had known Whylly for 18 years. She took her daughter to the home about once or twice a week, she said. Whylly, a pastor and fruit v endor, told the court he was at home when the alleged vict im arrived. He took her, with some other children who were at t he house, to a nearby party at his sisters house in the c hurch van, he said. After getting them some food, he decided to take the c hildren home, he said. After dropping the child ren, he said he went home t o pick up his wife while the alleged victim stayed in the van. When he got home, his w ife and daughter were leaving in another car, he said. T he prosecution asked W hylly if he had a conversat ion with his wife. I didnt speak with my wife, I went inside to use the bathroom, he replied. Whylly testified that he left the victim in the van alone and in the dark. He said they r eturned to the party around 7pm. T he prosecution asked if it had crossed Whyllys mind to send the alleged victim with his wife, who was also g oing to the party. No, it never crossed my mind, he said. A ccording to earlier testim ony by the alleged victim, s he was told to stay in the van while Whylly went inside.A fter his wife left, she said, W hylly told her to come inside the house. It is alleged that Whylly had sex with the girl on a blanket on the floor in the f ront room of the home. The alleged victim said Whylly told her not to tell anyone, and instructed her to say he was in the bathroom if anyone asked what he had been doing. T he alleged victim wrote h er mother a note the fol l owing day (February 7 t elling of what had happened, a ccording to testimony. T he mother said after reading the note, she contacted the police and put her daugh ters clothing and underwear in a bag which she gave to investigators. The note, which was signed b y the alleged victim, was entered as evidence by the prosecution. S gt Terryjo Lowe of Sexual Crimes Unit, the lead investigator, told the court she went to the Rand Memorial Hospital around 7.28pm o n February 7, where she saw the mother and daughter and filled out a police hospital form. S gt Lowe said she collected a sexual assault evidence kit from the doctor and proceeded to CDU. S ome time around 10pm, Sgt Lowe and Sgt Michael Merinard went to a home on Jobson Avenue, where they arrested Albert Whylly. Sgt Lowe said she instructed scenes of crime officers to t ake photographs of the home. She said Albert Whylly was interviewed by police,b ut refused to give a statem ent. During cross-examination, Carlson Shurland asked SgtL owe if his client had been co-operative. The officer said Whylly was co-operative and agreed to go to the hospital to give a blood sample. Did you check for evid ence inside the Whylly residence? Mr Shurland asked. No, she replied. Did you find a sheet or b lanket? he asked. No, she replied. According to earlier testimony, no DNA evidence wasf ound on the victims cloth ing. The trial resumes today. MAN ACCUSED OF RAPING NINE-YEAR-OLD GIRL GIVES TESTIMONY IN SUPREME COURT ALBERT WHYLLY,pictured above, is accused of having sex with a nine-year-old girl. C OURTNEWS T EN days after Hurricane I rene tore through Eleuthera there is still much to clean up in the northern part of the island. Communities like Gover nors Harbour, Hatchet Bay, Gregory Town and James Cistern still face mountains of seaweed, sand and other debris left by the storm. On Sunday a small group of individuals from the Rotaract Club of Eleuthera, Rotary Club of Eleuthera, South Eleuthera Emergency Partners (SEEP Cape Eleuthera Island School gathered in Gover nors Harbour to help with the clean-up effort. Following a meeting with local government officials, the volunteers set out for James Cistern where they helped remove mounds of seaweed from the primary school yard and from the homes of residents. Organi sations like Rotary, SEEP and the Island School have worked together in the past to help the community, but never before in response to a natural disaster. By coming together to assist others the organisations said they are showing their commitment to the communities of Eleuthera. We brought a dump truck, some tools, and a few good men and women to help out with the effort, said Josh Shultz who works at the Cape Eleuthera Institute. Hopefully weve made a difference by helping to remove some of this debris, and more importantly we want to send a message that we care about the community in which we livewere not just living in a bubble up at The Cape. LOCAL NEWS PAGE 6, FRIDAY, SEPTEMBER 9, 2011 THE TRIBUNE RESIDENT PROMOTION Adults 79$Kids 49$No reservations required, based on availability. For general inquiries call 363-6950.Aquaventure passes and lunch vouchers are available at the Discover Atlantis Desk in the Coral Towers. Proof of residency required for discounted rate.Includes: Complimentary Parking included with Package PurchaseLocated at the Atlantis Self Park Facility at the rear of the Craft CenterComplimentary Lunch Voucher Redeemable at express outlets onlyAccess to all Atlantis Pools, Slides and Rides August 20th November 20th T HE governments of the B ahamas and China are set to sign an Economic Technical Cooperation Agreement during the visit of Wang Qishan, vice-premier of the State Council of the PeoplesR epublic of China this Saturd ay. Mr Wang arrives around 3pm with a delegation of about 30 Chinese officials at the Lynden Pindling International Airport, where Government officials will greet them in theV IP Lounge. Deputy Prime Minister and Minister of Foreign AffairsBrent Symonette will sign the a greement on behalf of The B ahamas and Mr Wang on behalf of China. The signing ceremony will t ake place at the Atlantis on Paradise Island. Following, Prime Minister H ubert Ingraham will host a dinner in honour of the vicepremier and his delegation in the Grand Ballroom of Atlantis. The agreement provides for g rant funding for projects m utually agreed upon to be undertaken in The Bahamas amongst other things. T he Bahamas and the Peo ples Republic of China established diplomatic relations inM ay 1997. Both countries have e ntered into a number of arrangements from technical cooperation and assistance to education through scholarship programmes. Mr Wang leaves the country o n Sunday to attend the 3rd Caribbean-China Economic and Trade Forum scheduled for September 12-13 in Porto f Spain, Trinidad. Representatives from The Bahamas government and the business c ommunity are also expected to attend that conference. V olunteers continue cleanup ef fort in Eleuthera BAHAMAS AND CHINA TO SIGN TECHNICAL COOPERATION AGREEMENT A SMALL group of individuals from Eleuthera gathered in Governors H arbour to help with the clean-up effort. V A N D Y K E H E P B U R N / P h o t o

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LOCAL NEWS T HE TRIBUNE FRIDAY, SEPTEMBER 9, 2011, PAGE 7 B y US PRESIDENT B ARACK OBAMA O N the 10th anniversary of the t errorist attacks of Septemb er 11, 2001, we remember that 9/11 was not only an attack on the United States, it was an attack on the world and on the humanity and hopes that we share. We remember that among t he nearly 3,000 innocent p eople lost that day were hundreds of citizens from more than 90 nations. They were men and women, young and old, of many r aces and faiths. On this s olemn anniversary we join w ith their families and n ations in honouring their m emory. W e remember with gratitude how 10 years ago the world came together as one. Around the globe, entire cities came to a standstill for moments of silence. People offered their prayers in c hurches, mosques, synagogues and other places of worship.And those of us in the United States will never forget how people in every c orner of the world stood w ith us in solidarity in can dlelight vigils and among thes eas of flowers placed at our e mbassies. W e remember that in the weeks after 9/11, we acted as an international commun ity. As part of a broad c oalition, we drove al Qaeda from its training camps in Afghanistan, toppled the Taliban, and gave the Afghan people a chance to live free from terror. Howe ver, the years that followed w ere difficult and the spirit o f global partnership we felt after 9/11 frayed. As president, Ive worked to renew the global co-operation we need to meet the f ull breadth of global chall enges that we face. Through a new era of engagement, w eve forged partnerships w ith nations and peoples b ased on mutual interest and mutual respect. As an international community, we have shown that terrorists are no match for the strength and resilience of our citizens. Ive made it c lear that the United States is not and never will be at w ar with Islam. Rather, with allies and partners we are u nited against al Qaeda, which has attacked dozens o f countries and killed tens o f thousands of innocent m en, women and children the vast majority of them Muslims. This week, we remember all the victims of al Qaeda and the courage and resilience with which their families and fellow citizens have persevered, from the Middle East to Europe, f rom Africa to Asia. W orking together, we have disrupted al Qaeda plots, eliminated Osama bin Laden and much of his leadership, and put al Qaeda on the path to defeat. M eanwhile, people across t he Middle East and North A frica are showing that the surest path to justice and dignity is the moral force of non-violence, not mindless terrorism and violence. It is c lear that violent extremists a re being left behind and t hat the future belongs to t hose who want to build, not d estroy. T o nations and people seeking a future of peace and prosperity you have a partner in the United States.For even as we confront economic challenges at home, the United States w ill continue to play a unique leadership role in the w orld. As we remove the rest of our troops from Iraq a nd transfer responsibility in Afghanistan, we will supp ort Iraqis and Afghans in t heir efforts to deliver secur ity and opportunity for t heir people. In the Arab world and beyond, we will stand up for the dignity and universal rights of all human beings. Around the world, we will continue the hard work of pursuing peace, promoting t he development that lifts p eople from poverty, and advancing the food security, health and good governance that unleashes the potential of citizens and societies. A t the same time, we have r ecommitted ourselves to l iving our values at home. As a nation of immigrants, the United States welcomes people from every country and culture. These newest A mericans like all the i nnocent victims we lost 10 y ears ago remind us that d espite any differences of r ace or ethnicity, backg round or belief, we are all bound together by the common hope that we can make the world a better place for this and future generations. That must be the legacy of those we have lost. T hose who attacked us on 9/11 wanted to drive a w edge between the United States and the world.They f ailed. On this 10th anniversary, we are united with our f riends and partners in r emembering all those we h ave lost in this struggle. In t heir memory, we reaffirm the spirit of partnership and mutual respect that we need to realise a world where all people live in dignity, freedom and peace. By HU SHAN C hinese Ambassador W ITH a view to deep ening mutually bene ficial economic and trade co-operation and achieving common development of China and theC aribbean region, the government of the People's Republic of China and the government of Trinidad and Tobago will co-hostt he 3rd China-Caribbean Economic and Trade Co-operation Forum (CCETCF Spain, Trinidad and Tobago fromS eptember 12 to 13, 2011. Vice Premier Wang Qishan of the State Council of China will participate in the forum on behalf of the Chinese government. I want to express my wish that the forum is very fruitful and a great success. The Bahamas is one of the member states of the forum. The Chinese government attaches great importance to developing practical co-operative relations with the Bahamas. In order to express the friend ship of the Chinese government and people to the Bahamian government and people and to assist the Bahamian government in its rescue and reconstruction work in the wake of Hurricane Irene, Vice Premier Wang Qishan will bring $300,000 grant in cash on behalf of the Chinese government to the Bahamian government and will witness the signing of an eco nomic and technical co-operation agreement between the two countries during his visit to the Bahamas prior to his travel to Trinidad and Tobago. As Chinese Ambassador to the Bahamas, I'd like to take the opportunity of the convening of the forum to review what has been done in terms of ChinaBahamas economic and trade cooperation in recent years, and look ahead to the prospects of future co-operation. By doing so, I wish to support the raising of China-Bahamas economic and trade co-operation to a new high. In accordance with the Joint Statement issued by the two governments of China and the Bahamas and the Xianmen Dec laration reached among enterprises from the two countries during the second CCETCF in September 2007, both sides have put relevant measures into effect con scientiously, thus yielding posi tive results. First, bilateral trade volume has been growing fast. According to the statistics of the Chinese Gene ral Administration of Customs, the bilateral trade volumes between China and the Bahamas in the four successive years of 2007, 2008, 2009 and 2010 were $180 million, $385 million, $423 m illion and $628 million respec t ively, up by 9.8 per cent, 113 per cent, 9.5 per cent and 48.5 per cent year on year. And the 2010 figure was 3.47 times of that in 2006. Second, substantial progress has been made in investment. The Thomas A Robinson National Stadium, built on a Chinese grant, was handed over to the Bahamian government on June 22, 2011. The Chinese government also honored its commitment to pro viding a RMB 400 million (about $58 million) concessional loan for the Nassau Airport Gateway project. The construction of the Gateway started in June 2011 and is expected to be completed in 2013. Moreover, the EximBank of China offered a commercial loan of $2.45 billion to the Baha Mar project, a large-scale holiday resort, and the China State Construction Engineering Corpora tion also invested $150 million in it. The project started on February 21, 2011 and is scheduled to be completed by the end of 2014. The resort is expected to open for business in the first half of 2015. Third, the first step of agricultural co-operation has already been taken. An MOU on agricultural co-operation was signed by the two governments in February 2009. Experts, engineers and market researchers from the Chinese Academy of Agriculture Sciences and some Chinese enterprises have paid an on-the-spot inspection in the Bahamas. Some enterprises expect to develop agriculture here. Some have even submitted investment co-operation plans to the Bahamian government. Forth, human resources training programmes were well received by the participants. From 2007 to 2010, 90 Bahamia ns including government officials, business managers and tech nical personnel were sponsored by the Chinese government to participate in 40 training courses and seminars of various kinds. F rom 2008 to 2011, 22 Bahami a n young students were granted full Chinese government scholarships, majoring in a variety of specialties such as traditional medicine, international trade, telecommunication and computer tech nology. In 2011, the Chinese govern ment provided another three Bahamian officers with a oneyear postgraduate training opportunity in China. Apart from the above, the Con fucius Classroom was approved by the governments of China and the Bahamas to be established in the College of the Bahamas and was formally unveiled in November 2009. A teacher from China started to teach the Chinese language in the classroom in early 2011. Fifth, tourism co-operation has expanded gradually, with more and more Chinese tourists targeting the Bahamas. In December 2008 and March 2009, the Chinese Tourist Agencies Association invited its mem ber agencies to make an on-thespot investigation of the Bahamian tourist market. The Ministry of Tourism and Aviation of the Bahamas and the Royal Caribbean Cruise Ltd have established offices in China in an effort to develop new tourism products. During the Chinese New Year holidays in 2011, the first ever group of Chinese tourists choos ing the Bahamas as their destination made an eight-day tour of New Providence and some Family Islands. Sixth, personnel exchange has been expanding. Since 2007. The number of the Bahamians visiting China has been on the rise steadily. More and more people from Bahamian business circles partic ipated in the Guangzhou (Can ton) Trade Fair and other international investment and trade fairs held in China. Meanwhile, the number of the Chinese visiting the Bahamas has also increased very fast. There are two major reasons for that: The substantial progress of Chi nese-invested projects in the Bahamas attracted more business visitors from China; and the exchange of high-level visits between the two countries gave rise to deeper people-to-people understanding and more Chinese citizens visiting the Bahamas. The economic and trade cooperation between our two countries heralds a bright future, featuring high starting points, fast growth and great potential thus there's more to be done. For a long period of time from now on, the bilateral investment will focus on areas such as infrastructure, finance, tourism, renewable energy resources, agri culture and fisheries, and such cooperation will surely result in mutual benefit and a win-win sce nario. In terms of infrastructure, the Bahamas has great demands for the construction of roads, airports, docks and small bridges while the Chinese enterprises have the advantage in this field. In terms of finance, the Bahamas is a major financial cen tre in the Caribbean region. Over 270 international banks and financial institutions have regis tered and operated their business here. The Bahamian side wishes to see Chinese commercial banks set up branches in the Bahamas. I n the tourism sector, the Bahamas is one of the countries that got approved destination sta-t us for Chinese tourists. With the smooth construction and operation of the Baha Mar project, cou pled with relevant facilitation m easures in place from the B ahamian side, more and more Chinese tourists will target the Bahamas as their touring desti-n ation. In the area of renewable energy, the Bahamas has promulgated some policies to boost the use ofr enewable energy resources. Its market demand for renewable energy is gradually growing. China takes the lead in utilising solar a nd wind power in the world, and the Chinese skills in this area well suit the needs of the Bahamas. As for agriculture and fisheries, the Bahamas is not yet able to realise self-sufficiency in grain currently. However, there's some quite good arable land lying idle on some of its islands. Chinese enterprises can come over to develop livestock and poultry as well as vegetable farms. They can also explore the possibility of developing aquatic products on these islands. With regard to medical cooperation, China is famous for its traditional medicine, in particular its treatment by acupuncture and medicinal herbs. The traditional Chinese medi cine is effective to many diseases, such as functional diseases, chronicle diseases, mental diseases, gynaecological diseases, initial recovery of serious illnesses, diseases with causes that are hard to diagnose and difficult and com plicated diseases. There are many such diseases in the Bahamas and a variety of wild herbs here that can be used as medicine. Treatment with traditional Chi nese medicine is less costly but very effective. So we are taking the initiative in setting up a tra ditional Chinese medicine research and treatment centre in the Bahamas, where doctors from both sides can work together to serve the Bahamian people in need of treatment. In conclusion, China and the Bahamas have achieved great progress in the bilateral econom ic and trade co-operation, and there's still more for us to do. Given that it is in line with the fundamental interests of both countries and peoples to strength en our economic and trade cooperation, we will continue to make our efforts in this regard. The partnerships we need O PINION More can be done in terms of economic and trade co-operation between China and the Bahamas HU SHAN Chinese Ambassador T T h h e e e e c c o o n n o o m m i i c c a a n n d d t t r r a a d d e e c c o o o o p p e e r r a a t t i i o o n n b b e e t t w w e e e e n n o o u u r r t t w w o o c c o o u u n n t t r r i i e e s s h h e e r r a a l l d d s s a a b b r r i i g g h h t t f f u u t t u u r r e e , f f e e a a t t u u r r i i n n g g h h i i g g h h s s t t a a r r t t i i n n g g p p o o i i n n t t s s , f f a a s s t t g g r r o o w w t t h h a a n n d d g g r r e e a a t t p p o o t t e e n n t t i i a a l l t t h h u u s s t t h h e e r r e e ' s s m m o o r r e e t t o o b b e e d d o o n n e e .

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WASHINGTON Associated Press U .S. OFFICIALS said Thursday they were investigating a credible but unconfirmed threat that al-Qaida w as planning to use a car bomb to target bridges or t unnels in New York City or W ashington to coincide with the 10th anniversary of the Sept. 11 attacks, the first tipo f an "active plot" around that date. The Homeland Security Department said the threat is credible and specific, but unconfirmed. The nation's terror alert level has not c hanged, but raising it was under consideration Thursday night. Law enforcement officials w ere investigating three peo ple who recently entered the U.S. The threat was received by the U.S. intelligence com munity late Wednesday night, officials said. There is specific, credible but unconfirmed threat information," said JaniceF edarcyk, the assistant direct or in charge of the FBI's New York division. "As we always do before important dates like the anniversary of 9/11, we will undoubtedly get more reporting in the coming days." Security has been enhanced around the country in the weeks leading up to the 10th anniversary. Law enforcement officials have been wary, particularly after information gleaned from Osama bin Laden's com pound in May indicated that al-Qaida had considered a ttacking the U.S. on the anniversary and other impor t ant dates. The threat came in a single piece of information and was so specific and came at s uch a time of already heightened alert that it could not be ignored. The officials described the threat to The Associated Press on condition of anonymity tod iscuss sensitive security matters. New York City Mayor Michael Bloomberg toldr eporters that police there were deploying additional resources around the city, but that New Yorkers should go about their business as usual. The city's observanceo f the attacks will go on as p lanned, Bloomberg said. The FBI and Homeland Security Department issueda joint intelligence bulletin Thursday night to law enforcement around the country urging them to maintain enhanced security and be on the lookout for suspi cious activity. Some District of Columbia police officers received an internal memo from department management on Thursday saying that the city had received "credible threats" and that additional staffing would be required, according to a law enforce ment source who had seen the memo. Police in both cities were increasing their already beefed-up staffing levels in light of the recent intelligence. President Barack Obama was briefed on the threat information Thursday morning and directed the counterterrorism community to redouble its efforts in response to the information,a White House official said. White House officials said there were no plans to change Obama's travel schedule on Sunday in light of the threat. The president is scheduled to mark the 9/11 anniversary with stops at New York's ground zero, the Pentagon and Shanksville, Pa. He will also deliver remarks Sunday night at a memorial concert at the Kennedy Center in Washington. Law enforcement officials are checking out all of the details included in the threat, said Rep. Peter King, R-N.Y. "No need to panic," King said. "They have not been able to confirm it yet." Thursday morning, Home land Security Secretary Janet Napolitano told reporters that there was "a lot of chatter" around the anniversary of the attacks but that there was no information about a specific threat. LOCAL NEWS PAGE 8, FRIDAY, SEPTEMBER 9, 2011 THE TRIBUNE He also said his interest in Bahamas Hot Mix, the company awarded the contract to pave the roads, has been public knowledge for years. It is ludicrous to think that I am benefiting from delays in the road works. Steve McKinneys history speaks for itself. I do not own any share in that company. The s hares are owned by my children's trust, but that is public knowledge. I have investments in many companies in this country. Does t hat mean that I should not enter politics? I d on't think so, Mr Symonette said. Bahamas Hot Mix got the contract, not because of me, he said, but because theya re recognized and well known road builders in the Bahamas. They are qualified to get the j ob. If there is a bidding process should they not bid? Tell Mr McKinney to wake up, I am a Bahamian and I am entitled to jobs in the Bahamas just like everyone else." M r Symonette said he does not unders tand why Mr McKinney would make com m ents regarding him. Mr Symonette implied that it could be because he is white. If Mr McKinney wants to make accusat ions about me, he should talk to me and not m ake remarks in a public forum. Yes, I happen to be a shareholder but I am a shareholder in many companies. So because Ih ave personal wealth does that mean I cann ot be a Member of Parliament? Why is he a ttacking me? There were ministers under t he PLP government who got contracts that could be called special interest but no one made a big deal about that. This is not the first time that Mr Symonette has come under fire for his relationship with Bahamas hot Mix. In 2008, the PLP said they were conc erned about the alleged awarding of cont racts worth millions of dollars to a company Mr Symonette has interest in. T he official opposition then called for a c learly defined conflict of interest policy, to a void allegations of officials collecting payment from government agencies while in office and outlined the governments sys t em of awarding contracts. When contacted, Steve McKinney said, I s tand by my comments. Mr McKinneys comments were made on his talk show, Hard Copy on Love 97. by emergency medical services to Rio Piedras Medical Centre, where he died a short time later. Mr Donald was a long-standing member of the Royal Nassau Sailing Club and will be sorely missed in the sailing community. Robert Dunkley, the sailing clubs comm odore, said: Our condolences to the family, we will certainly be missing Jack. We will really miss his friendly attitude. He was a jovial andf un loving person, everybody loved to be a round him. Mr Donald was recognized for his unwavering commitment to the club as a sailor ande vent organizer. Mr Dunkley explained that Jack had also spent his childhood years at the club with his parents, who were also mem-b ers. The entire family is entrenched in the club, he added. The club was his second home, especially during his childhood. We all have very fond memories of him as a youngster, he was always there with us and all of his friends participating in all the events. The veteran sailor was one of four children of David and Fran Donald, along with his sisters Laurie Dalton, Nancy Goldstein and brother Mike Donald. T he Greenwood Road resident, is survived by his wife Dr Susan Nutt Donald, a chiro p ractor and Tribune columnist, and their two children, Johnny and Katie. Funeral services will be announced at a later date. was the only person in the car to have been struck. His death brings the murder count to 93 for the year. While there were varying reports on exactly how many bullets were fired and the actual motive for the shooting, police believe Mr Percentie could have been a victim of a random shooting. Describing Mr Percenties murder as a senseless killing, PLP Senator Jerome Fitzgerald said Union Village, Peardale, and the Bahamas as a whole has lost a great community leader. Neil has sacrificed a lot of his time and his resources in building up the area and it is really a very sad, sad day and I j ust want to send my condolences out to his family, particularly his mother who was distraught last night and the whole community of Union Village. We as political leaders really needed to work together and come up with some comprehensive plans because there is f ar too much of this, and it is unacceptable, he said. Although Mr Fitzgerald and Mr Percentie had been at odds in the political arena, with the latter having actually challenged him for the partys nomination, Mr Fitzgerald said he still respected Mr Percentie tremendously. Neil and I may not have s een eye to eye on everything, but I respected him tremendously for his acts of kindness in the area and what he did personally to build up that community and the fact is his heart and his love was in the Union Village area. It showed with the people he touched. So at the e nd of the day that is the community that I feel very close to and I feel the loss. I mean he was one of the great community leaders in there and I can tell you I am moved by the whole thing. It is rough, he said. F ROM page one DEPUTY PM ACCUSES TALK SHOW HOST OF PERSONAL VENDETTA F ORMER CANDIDATE FOR PLP NOMINATION SHOT AND KILLED WELL-KNOWN SAILING CLUB MEMBER IN HOTEL FALL TRAGEDY FROM page one THE RADISSON Ambassador Plaza Hotel & Casino, in San Juan. FROM page one OFFICIALS CHASE UNCONFIRMED AL-QAIDA BOMB PLOT INTERNA TIONALNEWS JANICE FEDARCYK assistant director of the FBI's New York office, and Mayor Michael Bloomberg hold a news conference, Thursday, i n New York. (AP

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LOCAL NEWS T HE TRIBUNE FRIDAY, SEPTEMBER 9, 2011, PAGE 9 A ssistant Supt Ken Strac han said that so far there is no concrete suggestion of foul play and no suspects are in custody. The car was found intact, S upt Strachan confirmed, adding that it is too early to d etermine what its discovery c ould mean to the investigat ion. We are concerned about t he circumstances surroundi ng this unfortunate situation and continue to solicit the publics help, said Mr Stra-c han. Anyone with information about the incident is asked to contact CDU on 502-9991 o r Emergency Services on 919 POLICEOFFICERS remove the car which belonged to Amanda Seymour Burrows from the Cricket Club yesterday. Tim Clarke /Tribune staff A MANDA SEYMOUR Burrows, 32, and her five-year-old daughter K aysha Burrows were p ulled from the waters b ehind Elizabeth on Bay Plaza Tuesday m orning. F ROM page one CAR FOUND IN DEATHS CASE

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LOCAL NEWS PAGE 12, FRIDAY, SEPTEMBER 9, 2011 THE TRIBUNE RM BAILEY SENIOR HIGH SCHOOL was closed yesterday for the demolition of the school g ym, which was gutted in a fire in 2003. The school also be closed today, but will reopen on Monday, September 12. F elip Major / Tribune staff

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B y NEIL HARTNELL Tribune Business Editor THE P aradise Islandbased Club Landor resort has dropped its askingp rice from $45 million to $ 39 million in a bid to further stimulate buyer inter est, the realtor marketing the property yesterday telling Tribune Business it was receiving serious interest. In a brief interview with this newspaper, John Christie, of the HG Christie real estate firm, said that while there were a couple [of proposals] on the table, no sales agreement with any poten tial buyer had been signedmeaning no deal was close to being completed. Theres a lot of inter est, but its not sold, Mr Christie confirmed. Theres a solid amount of interest, but its still on the market. There are people very seriously looking at it. I think itll get sold. Asked when, Mr Christie replied: This year, I hope. Its still there, fully operational and remains so. The owners are fully committed to keeping operations continuing until such time that theres a deal. Club Landor sits at the heart of Paradise Island and the Atlantis marina, being among the first properties visitors Bahamians and tourists see when they come off the bridge. It operates as a hotel and holiday vacation/timeshare club, with 72 one bedroom, one bath suites available to guests. Among the attractions being pro moted to investors are the Government approvals received by the existing owners to construct a 10storey building on the Club Landor site. The resorts sale is taking place amid a back-g round of signs that Club Landor is facing financial challenges, and that the existing owners are reluc t ant to continue funding its operations. $4. 68 $4. 51 $4. 69The information contained is from a third party and The Tribune can not be held responsible for errors and/or omission from the daily report.$ $5.32 $5.18 $5.38 T HETRIBUNE SECTIONB business@tribunemedia.netFRIDAY, SEPTEMBER 9, 2011 A, B, C!The insurance plan Im looking for. An agent who understands my goals.The insurance company I can depend on. Choosing Family Guardian for my life insurance is as elementary as A, B, C. LIFE INSURANCE / are you covered? A member of the FamGuard Group of Companies CONTACT A SALES REPRESENTATIVES AT AN OFFICE NEAREST YOU East Bay Street, Marathon Road, Thompson Boulevard, & Blue Hill Road (top hill +242 396-1300 I www.familyguardian.com A MBESTA-ExcellentFinancialStrengthRating By NEIL HARTNELL Tribune Business Editor THE GOVERNMENT must select the right leader for the resulting consoli dated supervisory body, a leading attorney has urged, otherwise all the benefits from financial services regulatory reform will be derailed. Brian Moree QC, senior partner at McKinney, Ban croft & Hughes, told Tribune Business it was vital that the Government be prepared to pay a salary that would attract a topnotch regulator, with a proven track record, to actas chief executive of any merged financial services supervisory body. And, while acknowledgSEE page 4B B y NEIL HARTNELL T ribune Business Editor A CREDIT SUISSE-LED lending syndicate has filed papers with the SupremeC ourt to drop its attempted foreclosure bid on 1,476 acres a t the $4.9 billion Ginn sur mer project, Tribune Businessc an reveal, with attorneys for b oth sides set to present argum ents in favour of this on September 21, 2011. Attorneys from Graham, T hompson & Co, represent ing the Credit Suisse syndic ate, and from Dupuch & T urnquest, representing GinnL A West End (really Lubert Adler, Ginns financing partner), appeared yesterday before Justice Neville Adderley over the Notice of Dis-c ontinuance that was filed w ith the Supreme Court on September 1. Tribune Business has a copy o f that notice, which states that both sets of attorneys consent that this [foreclo s ure] action be wholly discontinued, with each side bearing their own costs. That discontinuance now has to be approved by the Supreme Court. A notice of discontinuance of foreclosure has been filed,a source with knowledge of d evelopments confirmed. Theyre [Credit Suisse] trying a different track. I t is unclear what that track is, or why it has been taken, given that Lubert Adler (int he person of Ginn-LA West End) and its attorneys were fully co-operating with the Credit Suisse syndicate in its foreclosure bid. Robert Adams, a Graham, Thompson & Co attorney and partner who has been working on the foreclosure on the syndicates behalf, did not return T ribune Business calls seeking comment. Apart from Mr Adams, fellow Graham, Thompson &C o partners Dana Wells and J udith Whitehead are also w orking on the matter. Seve ral sources suggested to Trib une Business, though, that C redit Suisse wanted to drop the foreclosure route because i t was too time consuming and e xpensive, especially as seve ral interveners had emerged t o challenge the Certificate of Title granted to Ginn for the B y NEIL HARTNELL T ribune Business Editor A BAHAMAS-BASED broker/dealer yesterday vehemently denied misconduct allegations being l evelled against it by Canadian regulators, who have frozen $2.2 million in its c orrespondent accounts a nd are claiming it pro v ides facilities to convicted securities offenders. Warren Davis, president of Sandyport-based G ibraltar Global Securit ies, told Tribune Business that the company had committed no wrongdoi ng under either Bahamia n or Canadian law, and that it did not hold accounts for the clients By NEIL HARTNELL Tribune Business Editor F INANCE CORPORATION o f the Bahamas (FINCO write-back boost resulted because it was tooc onservative when compared to the industry average, its managing director confirming it is grappling with $104 million worth of nonp erforming loans. Tanya McCartney told Tribune Business that the change in FINCOs general provi sioning, which now allows for credit losses of7 .5 per cent on all impaired loans, compared to the previous 30 per cent proportion, had also brought the mortgage lender in line with the ratios used by its Royal Bank of Canada parent. She added that while the mortgage lender h ad not met budgetary projections for the nine months to end-July 2011, it was expected to finish the financial year in the black and ahead of 2010s $18.188 million profit per f ormance. But, as indication of how risk averse commercial banks have become in the current economic climate of high unemployment, Ms McCartney told Tribune Business that FINCO now had to think twice about grantingp otential borrowers exceptions to its lending criteria. The alteration in FINCOs general provision for loan losses enabled it to enjoy a net $4.118 SEE page 2B CREDIT SUISSE DROPS $4.9BN GINN FORECLOSE Seeking Supreme Court approval for action, as lending s yndicate takes new trac S EE page 2B RESORT DROPS ASKING PRICE DOWN T O $39M FINCO TOO CAUTIOUS OVER PR OVISIONING Change from 30% to 7.5% ratio brings lender in line with industry Still grappling with $104m in non-accrual loans But expecting to beat last years $18m profit Has to think twice about credit policy exception Club Landor sales price falls $6m from original $45m Realtor confident it will sell, and says PI property receiving serious interest FINANCIAL REGULATOR LEADERSHIP CRITICAL Top attorney says failing to get right man to head consoli dated supervisor could derail whole reform project Urges Govt to pay market salary to attract high quality BRIANMOREE BROKER/DEALER DENIES CANADIAN MISCONDUCT RAP Regulator claims Sandyport-company providing account for convicted securities offender Freezes $2.2m, but Bahamian firm says it has no clients referred to SEE page 3B

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BUSINESS PAGE 2B, FRIDAY, SEPTEMBER 9, 2011 THE TRIBUNE D i s n e y W o r l dt r i p f o r a F a m i l y o f 4W i n n e rT w o $ 5 0 0 c a s h p r i z e W i n n e r s D D D y y y Trip prize includes: Airfare to Orlando, hotel accommodation, entry fees for Disney WorldQUALIFYING PRODUCTS: Huggies Little Snugglers, Little Movers Diapers Jumbo, Huggies Snug & Dry Diapers Jumbo, Pull Ups Training Pants Jumbo, Huggies Good Nights, Huggies Wipes soft pack 64ct or 72ct or any Huggies Wipes refills 128ct, 144ct, 184ct or 216ct. Distributed in The Bahamas by Madeira Street, Palmdale 677-1441 Sh a r m i l i a S y m o n e t t eA l i s t i n a K e m pM a u r e e n T u r n q u e s t B y SIMON COOPER R es Socius ANY HOMEOWNER will tell you that the way to survive a tropical storm includes having a well-built home, and having enough b oards to close up all the w indows. Operating a busin ess while being faced with the possibility of a double economic dip has remarkable similarities. Your firm needs to be structured corr ectly, and you need to have e mergency plans in place. So here are the steps you need to think about, and perhapsi mplement, while you have the opportunity. Continually seek out or create new opportunities, and never, ever, be content with what you have. A single line of products can become a recipe for disaster a short w ay down the line. So regul arly check out your range of offerings and subject them to critical scrutiny. Do yourc ustomers still need your goods? Is it time to upgrade them, or simply to re-brand? How attractive is your p ackaging, and how does it c ompare with that of your c ompetition? Im not just talking about the plastic bags in which you supply your products either. Think about the shop front of your business, and the attitude of yourp eople, too. However, price is still the ultimate packaging tool (if youll excuse me mixing marketing metaphors). Its no longer good enough to say that we may be a little more expensive but Its t ime to get real on that score. No client sticks around f orever, and we need to be continuously replenishing our customer base in the s ame way that our bodies replenish worn-out skin and bones. The secret to surviving in an over-traded mark et is to get referrals from e xisting networks, and to r ewards these contacts, too. You pay the press for advertising. Why not also spend a little money on your friends? And dont overlook the possibilities of the free socialn etwork-marketing tools available to you today. Money matters in business, and money-matters require constant attention from every business owner, t oo. Could you seduce a better deal from your suppliers? You never know unless y ou try. Inventory is another logical place to start. If you have several lumps of busin ess credit, take another look at refinancing in terms of a single, cost-effective line of gearing. Take time out to smell t he daisies. We should all be in business because it supports our personal lives. Build a gap day into every week for doing exactly what you want to do, except pop-p ing into your business. Im talking fishing, taking time out with the children, painting pictures, dusting off your motorbike in fact, absolutely anything else you fancy. And dont get stuck into a nother rut in the process. Think about all these t hings carefully, please. Whether we have a double dip or an extended recession i n the Bahamas, it is the astute businesspeople who will survive the crisis. I for one am making sure that I w ill be around when the m arkets finally turn. I hope t o greet you on the other side. NB: Res Socius was founded by Simon Cooperi n 2009, and is a business brokerage authorised by the Bahamas Investment Authority. He has extensive private and public SME experience, and was formerly chief executive of a publicly-traded investment company. He was awarded an MBA with dist inction by Liverpool University in 2005. Contact him on 636-8831 or write to s imon.cooper@ressocius.com STRUCTURE AND PLAN FOR ECONOMIC STORM million net write back during the 2011 third quarter. Combined with net interest incomeo f $8.802 million, this helped to boost FINCOs net interest after provisions to $12.92 million for the three months to end-July, more than double the previous years $5.252 mil lion a 246 per cent increase. And, with both fees and commission income, and noninterest expenses, essentially remaining flat year-over-year, FINCOs total comprehensive net income for the 2011 third quarter more than tripled growing by 329 per cent to $10.624 million compared to $3.232 million in 2010. Explaining the rationale for the change in general non-performing loan provisioning, Ms McCartney told Tribune Business: We were too conserva tive when we looked at the industry average. We were previously using the standard of 40 per cent of non-performing loans, brought it down to 30 per cent, and have now moved it to 7.5 per cent. FINCOs 2010 year-end financial statements showed the mortgage lender reduced its general provisioning ratio from 40 per cent to 30 per cent of non-performing loans at October 31 last year, basing this on the quality of real estate security it held and recovery rates. The end-July change now reduces that further to 7.5 per cent. Pointing to another ratio nale for the change, Ms McCartney added that it also brought FINCO into line with its 75 per cent majority shareholder, Royal Bank of Cana da. We wanted to align with Royal Bank of Canadas poli cies, so that what we had with respect to provisioning is con sistent with RBC Bank, she explained. We prefer to be consistent across the organisation. As for FINCOs financial p erformance for the year-todate, Ms McCartney added: Were not doing badly, but its not what we had planned. In terms of positive direction and growth, year-over-year itsg ood, but in terms of plan its not where wed like to be. Still, FINCO was projected t o reach its financial year-end in the black and ahead of last year. That is likely, given that its net income for the nine months to end-July was more than double 2010s, standing 253 per cent ahead at $15.533 million compared to $6.148 million. The third quarter and gen eral provisioning change (write back) were big factors behind this, with credit loss provisions for the nine months to endJuly standing at $1.692 million an almost $6.5 million drop on the amount taken in the 2010 comparative period. That accounted for the bulk of FINCOs bottom line improvement. Despite the uncertain growth outlook, as forecast by the international credit rating agencies, Ms McCartney said FINCO was cautiously opti mistic and projecting growth, its mortgage book having grown 4 per cent year-to-date from $817.998 million to $836.882 million. The mortgage lender, though, was still monitoring and dealing with its non-accru al loan book, in common with other Bahamian commercial banks. Were at about $104 million in non-performing loans, Ms McCartney said, implying that these account for about 12.4 per cent of its total port folios worth. We look close ly at non-performing loans because that hits the bottom line. Weve experienced a slight decline over this fiscal year. Its not been major. If it was more substantial, wed day there was a trend, but were making progress. FINCO had directed a lot of resources towards collec tions, and specifically restruc t uring and rewriting existing loans where the opportunity presented itself. And, in looking for growth, the mortgage lender was continuing to focus on its existing client base andt he professional market, viewing these as the best bets in a risky environment. There are opportunities for growth, but were less inclined to make an exception to credit policies, Ms McCartney said. Where weve made an exception in the past, wed think twice about it now. As for the continuing nonpayment of quarterly dividends, she added: The posi tion remains the same until we see a trend with respect to a substantial decline in non-performing loans, because we dont want to start and stop paying dividends. The emergence of such a trend was directly linked to the economys performance, and reduction in unemployment. Still, Ms McCartney was able to point to an increase in net interest income for both the third quarter and first nine months, which had resulted from a combination of loan book growth and existing cred it returning to the performing category, together with a drop in deposit rates due to the high liquidity levels in the commercial banking system. The FINCO managing director said the mortgage lenders capital base remained strong, especially with Royal Bank behind it, and its key ratios were in the area of 19 per cent, ahead of the 14 per cent and 17 per cent trigger and target ratios, respective ly, that were set by the Central Bank of the Bahamas. In its search for business opportunities, Ms McCartney said FINCO would seek to leverage relationships with Royal Bank of Canada and its wealth management unit, plus RoyalFidelity. Outsourcing of back office functions was also on the agenda in a bid to benefit from economies of scale. l and in question. Essentially, the issue is procedural, in the sense that all is required is to vest title to the 1,476 acres in question in the Credit Suisse-lending syn d icate. This could be done via power of sale, or Lubert Adler and its attor neys conveying the title to them, but t he emergence of the interveners or adverse claimants to the land at W est End is likely to lengthen, if not c omplicate, matters at least as far as t he lending syndicate is concerned. A mong the adverse claimants is Ricardo Pratt, on behalf of the estate o f Ruel Pratt. Another is Anthony Cooper, as executor of the estate of Julia Ash. They are all alleging theya re descendants of the original Crown Land grantee. In a July 21, 2011, filing with the Supreme Court, Mr Cooper alleged that in his executor capacity he was the rightful owner of 960 acres at West End, and that this land wasa mong the acreage Credit Suisse was seeking title to. G-LA Resorts Holdings ( Bahamas) [the lending syndicate] and/or its purported assigns and predecessors in title, successors in title ori nterest, have no estate or interest in the said tract of land containing 9 60 acres more or less owned in fee s imple by the applicant/intervener, and is a mala fide purchaser, Mr Cooper alleged. Ginn-LA West End and/or its purported assigns, successors in title or interest have no estate or interest i n the said tract of land containing 9 60 acres, more or less owned in fee s imple by the applicant/intervener. Seeking the Supreme Courts leave t o intervene, Mr Cooper also asked for a stay until the Supreme Court determined his challenge to GinnL A West Ends certificate of title was heard by the Supreme Court. And he is also seeking that the c onveyance of the land from the Grand Bahama Hotel Company to Ginn-LA West End on April 27, 2006, and the debenture and mort gage that transferred the real estate t o the Credit Suisse syndicate on M ay 10, 2011, be declared void under the Fraudulent Conveyances Act. I n their original bid, Credit Suisse and its lending syndicate members had demanded that, if Ginn failed t o make good all sums owing under t heir $276.75 million loan facility, t hey should be permitted to foreclose on the bulk of its resort develo pment site in Grand Bahama's West End. Ted Dameris, a director of G-LA R esorts Holdings (Bahamas in a May 31, 2011, affidavit, that unpaid interest on the $276.75 millionl oan was accruing at the rate of $14,539 per day. As of that date, the Ginn sur mer developers owed the Credit Suisse syndicate some $61.351 million in u npaid principal and $16.546 million i n interest for a grand total of $77.896 million. The loan was supposed to be r epaid in 24 quarterly instalments, beginning on September 30, 2006, and continuing until maturity on J une 8, 2012. "As of March 31, 2011, 1 6 periodic payments in arrears," Mr D ameris alleged of Ginn sur mer's financial state of affairs. On the 5th day of May, 2011, Credit Suisse made demands on the defendant [Ginn-LA West End Ltd] f or repayment of the principal bal ance of $61.351 million, together with interest in the amount of $16.429 mil l ion, as secured by the Promissory Note, the Supplemental Debenture and the Supplemental First Legal Mortgage...... It is not possible for the defendant to now remedy the events of default. Despite this, the defendant h as failed to make payment of all s ums outstanding." Outlining the grounds for Credit S uisse's claim that Ginn, headed by Edward Robert 'Bobby' Ginn III, had defaulted on its agreement, Mr Dameris alleged that the West End developer had failed to make any p rincipal or interest payments since June 2008. A nd he further claimed that Ginn h ad breacshed its commitment to pay all taxes, assessments and government charges relating to the project, adding: "In breach of this provision o f the Intercompany Credit Agreem ent, [Ginn-LA West End] has not paid its real property taxes on the G inn project at all for the current year............" As a result of the events of default which remain unresolved andu ncured, and the money secured by t he Bahamian securities which r emain outstanding and unpaid, the plaintiff [the Credit Suisse syndicate] is empowered to proceed and enforce its rights under the Promis s ory Note and Supplemental Deben ture, and the Supplemental First L egal Mortgage," Mr Dameris a lleged. FROM page one CREDIT SUISSE DROPS $4.9BN GINN FORECLOSE FIN C O T OO C AUTIOUS OVER PR OVISIONING FROM page one

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r eferred to by the British C olumbia Securities Commission. T he Canadian regulator, w hich has set October 4, 2011, as the date to hear the allegations against the Bahamian broker/dealer, is claiming that the latter breached its Securities Act by failing to register with it w hile trading and advising i n securities, and taking on clients, from within its territ ory. A lleging that Gibraltar, v ia its correspondent accounts with a Vancouverbased broker, had traded in Cdn$14.239 million worth of shares in start-up and micro cap companies on theT oronto Stock Exchanges (TSX year between July 1, 2010, and June 30, 2011, theB ritish Columbia Securities C ommission claimed the Bahamian firm told its correspondent that all the activ-i ty was for its own propri etary purposes. The Canadian regulator froze $2.2 million in Gibral t ars Vancouver-based cor respondent accounts on August 5, and further alleged that among British Columbia residents holding accounts with the Bahamian firm were one who has been convicted of wire frauda nd securities fraud in the United States in connection with market manipulation. Another was alleged to be the subject of a different British Columbia Securities Commission hearing, for which a decision is pending. In response, Mr Davis, a former president of the Certified Financial Analyst (CFA Bahamas between 20042005, said Gibraltar did not hold any account facilities for the individuals referred to by the Canadian regula tor. He added: We deny these allegations. They are allegations at the moment. It is our intent to set the record straight. We have committed no wrongdoing, and await our opportunity to set the record straight. Some of the clients referred to in the notice dont even have accounts with us. It was very misleading. If it held any water they would have called those names. Based on some of the particulars in the notice, we cannot identify any clients referred to. In its notice, the British Columbia Securities Com mission said it was also investigating trading in the shares of one of its listed issuers. It alleged that the company had issued share certificates that had been deposited into the Bahamian companys corespondent account with a US bro ker/dealer. Although they named Gibraltar as the legal owner of shares, the certificates represented the beneficial interests in the securities of the reporting issuer of five different residents of British Columbia, who were also Gibraltar account holders, the Canadian regulator alleged. Gibraltar used its United S tates account to conduct open market transactions in the securities of the report i ng issuer on behalf of two other Gibraltar accounts whose beneficial owners are residents of British Columbia. The other offence the Canadian regulator is accusi ng Gibraltar of is failing to p rovide it with the names, account information and s tatements, for all British C olumbia residents it holds accounts for. It claimed this failure made Gibraltar unsuitable to be provid-i ng securities-related ser vices in its territory. The British Columbia Securities Commissioni nvestigation into Gibraltar began in 2008, when it learnt that residents in itst erritory held accounts t here. It sought the Securi ties Commission of the Bahamas assistance, via a January 22, 2009, letter, ino btaining the names of Gibraltars principals and beneficial owners, itse mployees and all British C olumbia residents with accounts there. The Canadian regulator, t hough, alleged that Gibralt ar refused to provide the requested information to the Securities Commission of the Bahamas. The British Columbia Securities Commission then said it sent a letter to the Bahamian broker/dealer on December 14, 2009, seeking the same information. Gibraltar, in a December 30, 2009, response allegedly said it had instructed its attorneys to respond and the regulator would receive this in early 2010. The Canadian supervisor alleged that no such response was received. However, in early 2010 the S ecurities Commission of t he Bahamas conducted an unrelated inspection of Gibraltar for its own pur p oses, and found some of the information the British Columbia Securities Com mission had requested back in 2009. This was allegedly pro vided to the Canadian reg-u lator by the Securities C ommission of the Bahamas on January 20, 2 011. This purportedly s howed that 16 British Columbia residents held accounts with the Bahamian broker/dealer. G awaine Ward, the Secu rities Commissions inhouse legal counsel, last night told Tribune Businessh e could not speak on whether the Bahamian reg ulator would investigate G ibraltar, or whether its l icensees had breached any Bahamian laws. Asked whether the regu lator was concerned about t he allegations concerning some of Gibraltars clients, he responded: We are a lways concerned when we s ee things like that, and if any activities of that nature have been taking place, theC ommission will consider i t. Mr Ward said the Securi ties Commissions role was one of responding to a legitimate request for regulatory assistance by an overseas regulator, and providing information to assist that. The Bahamian regulator was satisfied that its Cana dian counterparts investi gation, and request for assistance and information, were legitimate. While the Securities Commission did not have as broad information powers as IOSCO Signatory A members such as the Cayman Islands and British Virg in Islands, Mr Ward said t hat due to regulatory changes persons cannot expect the level of secrecya nd confidentiality as in the past. BUSINESS T HE TRIBUNE FRIDAY, SEPTEMBER 9, 2011, PAGE 3B By NATARIO McKENZIE Tribune Business Reporter nmckenzie@tribunemedia.net DOWNTOWN Nassau has become a shopping centre for tourists with no r elevance to the people it was created t o serve, Bahamian architect Pat Rahm ing said yesterday. Mr Rahming, who was the guest speaker at the Rotary Club of West Nassau, told Tribune Business: I think its currently irrelevant. I think it will s ucceed to the extent that tourist a ccommodations may improve, but Downtown is irrelevant to the people itw as created to serve. M r Rahming, who has designed the new downtown Straw Market, said yesterday: Through periods of wealth and poverty, the City has lost its way, and even its citizens are today conf used about its purpose. It is no longer assumed to exist for t he service of its residents but for the service of visitors, and the need to satisfy the social and cultural needs of the residents has been rendered secondary to the hospitality needs of its visitors. Nowhere has this been more obvious than in the conversations about the r edevelopment of the downtown. W hile there has been considerable interest in the development of Downtown in the last decade, the long-term development of the city of Nassau has had very little spotlight. M r Rahming added: There is little or no apparent interest in the fact that the city of Nassau and downtown Nass au are terms used interchangeably, d espite the fact that the two elements have very different boundaries. There i s a belief that Bay Street, mostly b etween the British Colonial Hilton a nd East Street, and the length of Woodes Rodgers Walk, are the only corridors in need of public concern primarily because of their apparent value to cruise ship tourists. Fifty years ago when there were businesses all over the city, providing d ifferent levels of support to the citys r esidents, it was not uncommon to see entrepreneurial black Bahamians succeeding. Fifty years later we have created a community of beggars largely due to the misconception that Over t he Hill is outside the city gates begging for crumbs. Mr Rahming said this has cont ributed to the lack of cultural infras tructure in the city of Nassau. DOWNTOWN IRRELEVANT TO ORIGINAL CLIENT BASES ONE MAN BAND MENTALITY HURTS BAHAMAS ARCHITECTS B y NATARIO McKENZIE T ribune Business Reporter nmckenzie@tribunemedia.net THE lack of a marketing push and a one-man band mentality has prevented Bahamian architects from securing work with major development projects, said architect Pat Rahming. M r Rahming told Tribune Business: In any business y oure in you have to learn the business environment. Y ou have to understand how that environment functions. Most of us, me included, are not very good at the marketing side of what we do; were concerned about the creative side. Weve been accustomed to getting jobs by favour, and w e believe that is something that will take us anywhere. T he truth of the matter is when we learn to function the way the rest of the planet functions, by understanding the principles of marketing and the basics of landing work,t hen we would start to get the more significant jobs. He added: The biggest disincentive for Bahamians g etting big projects is everybody wants to be a one-man b and. Everybody wants to make up all the money themselves. As a result, you have very few firms that are large enough to promote themselves as being able to handle significant work. Unless you get people who brand themselves as being enough to handle big work, you cant expect the client to be making decisions based on social considerations. The c lient is getting the work done regardless of circumstances. I f Bahamians want to get into the big leagues, they have to t hink big league and stop thinking like one-man bands. M r Rahming also told Tribune Business that while B ahamian architects were looking to design more energye fficient homes, they often do no fit the liking of local clients. The problem is something we call taste, Mr Rahming said. Most of the things that would make a building more economical and fit the climate better are things that most Bahamian clients tell you they dont want, because its not what they see in the North American picture books. T hey dont look in the picture books from Samoa, Japan, Fiji and places like that; they look at picture books from North America. FROM page one BROKER/DEALER DENIES CANADIAN MISCONDUCT RAP

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SAN FRANCISCO Associated Press CAROL BARTZ'Sfiring as Yahoo Inc.'s CEO isn't going to be enough to placate a loudening chorus of shareholde rs who believe Chairman Roy Bostock and his fellow board members also should be ousted after years of questionable choices that raised doubts about their competence. The deepening disdain for Yahoo's board gained a potent ially influential voice Thursday with the disclosure that successful hedge fund manager Daniel Loeb had bought a 5.2 percent stake in the company with designs on getting rid of Bostock and at least two other longtime directors. Bartz, still technically a Yahoo board member, also fanned the flames in her first interview since Bostock fired her in a phone call late Tuesd ay. While defending her own decisions, Bartz called the boarda bunch of "doofuses" in a profanity-laced interview with Fortune magazine. Bartz, 63, wasn't a shareholder favorite either, but her description summarized the sentiment of many investors who have been stewing since Bostock and fellow board member Jerry Yang balked at Microsoft Corp.'s May 2008 offer to buy the company for $33 per share, or $47.5 billion. They insisted they were pursuing a strategy that would make Yahoo worth much more than Microsoft's bid, an argument that now looks absurd. Yahoo shares haven't closed above $20 in nearly three years. The stock finished Thursday at $14.44, a gain of 83 cents, or 6 percent, that was propelled by Loeb's attack on the board. "This board has presided over some of the worst decisions made by any company in recent h istory," said Darren Chervitz, co-manager of the Jacob Internet Fund, a longtime Yahoo shareholder. Even so, Yahoo's 10-member board probably still isn't viewed as the worst in Silicon Valley, said BGP Financial Partners Colin Gillis. He thinks that lowl y title belongs to HewlettPackard Co.'s board, which has snooped into people's phone records and 13 months ago switched CEOs in a move that has been followed by a nearly 50 percent drop in the company's market value that has wiped out about $45 billion in shareh older wealth. By comparison, Yahoo's market value is about $30 billion below Microsoft's last offer. Gillis worries, though, that Yahoo's board will do more damage as long as Bostock and the current members remain. Possible missteps include bidding too high for video website Hulu.com, which is up for sale, or picking poorly when they settle on a permanent leader to take over from interim CEO T im Morse. "They could still do something really foolish," Gillis said. "The concern out there is that this is not a functional board." Loeb hopes to shake things up through his Third Point fund, which specializes on buying stakes in troubled companies. In a letter Thursday, Loeb demanded the resignation of Bostock and two other directors, Arthur Kern and Vyomesh Joshi. Kern, who has a background in radio broadcasting, has been on the board since 1996 while Joshi, a top HP executive, has been a director since 2005. Loeb also said he expects Susan James, a board member since last year, to step down because he considers her too close to Bartz. "It is time that certain mem bers of this board were held accountable for its past failures and their individual roles," Loeb w rote. Loeb said he is drawing up an "all-star" list of potential replacements. A spokesman for Yahoo's board said it welcomes a dialogue with Third Point. "The Yahoo board recognizes the critical challenges facing the company and appreciates cons tructive input from all shareholders," the spokesman said. In her interview with Fortune, Bartz said the board should bring her back as CEO because she "knew what to do." Loeb, Chervitz and other shareholders have made it clear they believe Bartz had to go. O ne of their biggest grievances is that Yahoo's board signed Bartz to a four-year contract in January 2009, even though she had no previous experience running an Internet company or one that sells advertising to make money. She was most recently CEO and then executive chairman of design software maker Autodesk. The board's critics also think the board waited far too long to replace Bartz. But Bartz felt she was being turned into a scapegoat by a board that she says is still haunted by its rebuff of Microsoft's takeover offer. "The board was so spooked by being cast as the worst board in the country," Bartz said. "Now they're trying to show that they're not the doofuses that they are." During Bartz's tenure, five Yahoo directors left the board and four of the spots were filled with new appointees. Bartz remains on the board, a seat she told Fortune she intends to keep. But Yahoo doesn't want her in the boardroom. "Ms. Bartz is obligated to resign from the board, and we expect her to do so," the company spokesman said. Yahoo already has removed Bartz's picture and biography from the section of its website devoted to its board. Bostock, who is also vice chairman of Delta Air Lines Inc., has steadfastly refused to surrender his post at Yahoo even after nearly 40 percent of shareholders voted against his re-election in 2008 after the Microsoft talks collapsed. About 20 percent of Yahoo's shareholders opposed Bostock's reelection at the company's latest annual meeting. During that meeting, Bostock told shareholders that Yahoo's board was "very supportive" of Bartz. Yahoo leaves the evaluation of its directors' performances up to its nominating and corporate governance committee. That's chaired by Patti Hart, a Yahoo board member for the past 14 months and CEO of casino game maker International Game Technology. If the board truly values its shareholder opinion, Chervitz thinks a majority of the directors should pressure Bostock into resigning. "I do not delude myself into thinking that will necessarily change the company's direction or drive up the stock price, but it would have important symbolic value," he said. "(Bostock picked the wrong person to be CEO last time and waited too long to get rid of her. Now, it's time for the accountability to move up the chain of com mand." BUSINESS PAGE 4B, FRIDAY, SEPTEMBER 9, 2011 THE TRIBUNE ,Q$FFRUGDQFHZLWK &RQVWLWXWLRQ7KH%DKDPDVXEOLFHUYLFHV 8QLRQZLOOKROGWKH7UL$QQXDO*HQHUDO 0HPEHUVKLSHHWLQJRQ $XGLWRUVHSRUWVZLOOEHSUHVHQWHG $OOPHPEHUVDUHXUJHGWRDWWHQG DQGEHRQWLPH 5HIUHVKPHQWVZLOOEHVHUYHGDIWHUWKHPHHWLQJ ing the Governments fiscal constraints, Mr Moree urged it to prioritise this objective, given the importance of maintaining the financial services sectors competitiveness and role as a j ob creator/middle class bedrock. Praising the Government for committing to completing the reform process, Mr Moree told Tribune Business: In addition to finalising the structure and introducing the enabling legislation, I would also encourage the Government to ensure the surviving regulatory bodies will be adequately resourced and funded. In that regard, Im particularly refer ring to human resources and leadership on one hand, and technology, research and benchmarking on the other hand. Our primary regulators must have the ability to adequately enforce and supervise a very large financial services industry with a number of different sectors in a manner that is consistent with international stan dards. The Government is looking to adopt a 'Twin Peaks' regulatory model merging the Securities Commission, Insurance Commission and Compliance Commission into one, but keeping the Central Bank's Banking Supervision Department separate. While not commenting on any regulatory structure, Mr Moree said a critical decision and the very first issue to be decided once a merged regulators struc ture and enabling legislation was decided, was the selection of a chief executive. He hinted that this persons status should be equivalent to the Central Bank of the Bahamas governor. The Government must ensure the per son selected is an experienced and quali fied regulator who has a track record that we can look at, so as to provide some insight as to the ability of this person to lead whatever regulatory body is created, Mr Moree urged. Leadership is critical, because even if we get the structure right and pass stateof-the-art legislation, if we end up with the wrong leader the project will not succeed, and will not accomplish the objectives the public and private sector desire to achieve. The selection of a chief executive, in my view, is a critical decision, and in order to get the right person we must be pre p ared to pay a reasonable salary by mar k et standards. Acknowledging that there was very little money available to the Government, the senior attorney added: Yet again it comes down to a question of priorities. To finish the job of regulatory reform is highly commendable, and absolutely necessary for us to posture the Bahamas as an international financial cen tre going forward, allowing us to compete...... It would be most unfortunate, and much of the goodwill and substantial progress that has been made by completing the reforms could be substantially ameliorated if we dont get the right leadership, and the regulator is not properly funded and resourced. These are difficult financial times, but bearing in mind were talking about regulation of the second largest industry in the Bahamas, responsible for thousands of local job and the primary engine to support the middle class in this country, it seems important to me as a matter of national priority that this matter is dealt with in accordance with policy objectives and legislative enactments. Regulatory leadership, Mr Moree added, was closely linked to having a financial supervisor that develops our industry rather than retards it through unnecessary bureaucracy and heavy-hand ed regulation. Unfortunately, sometimes people feel that o regulate properly you have to be anti-business, he said. Its like the school system, where some think that to be a great teacher you have to be a great disciplinarian, always being on top of the kids. Responding to the commitment by Zhivargo Laing, minister of state for finance, to complete the regulatory reform process, Mr Moree he was looking for ward to legally consolidating the current number of regulators into a more efficient and market-driven structure. I was also very pleased to note in the ministers remarks that they indicated there was a recognition this was an important matter to complete before the end of this year, and I would certainly encourage the Government to complete this exercise as soon as possible, Mr Moree said. YAHOO'S BOARD UNDER FIRE AFTER FIRING OF CEO BARTZ I N THIS M ay 24, 2010 photo, Carol Bartz, CEO of Yahoo, attends a news conference in New York. Bartz's firing as Yahoo Inc.'s CEO isn't going to be enough to placate a loudening chorus of shareholders who believe Chairman Roy Bostock and his fellow board members alsos hould be ousted after years of questionable choices that raised doubts about their competence. (AP FIN ANCIAL REGULATOR LEADERSHIP CRITIC AL FROM page one

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NEW YORK Associated Press U.S. stocks closed sharply l ower Thursday after Federal Reserve Chairman Ben Bernanke offered no new insight into whether thec entral bank will act soon to prop up the economy. In a speech closely watched by investors,B ernanke said the Fed will consider a range of steps at its Sept. 20-21 meeting, but he offered no specific plans.T he Dow Jones industrial average fell 100 points shortly after Bernanke's remarks began at 1:30 p.m.E astern. "The implications are that the Fed is going to act,b ut the market is disapp ointed because he was a little short on details," said Scott Brown, chief economist at Raymond James. C oncerns about the U.S. economy have pushed stocks lower each months ince April. Many traders now say the stock market is pricing in the assumption t hat the economy is in a recession, meaning limited job growth and a weaker corporate profits. P resident Obama will lay out his jobs plan at a joint s ession of Congress tonight. H e is expected to announce a $300 billion package that includes tax cuts, additional state aid and spendingo n infrastructure. T he Dow Jones industrial average lost 119.05 points, or 1 percent, to1 1,295.81. The Standard & Poor's 500-index fell 12.72, or 1.1 percent, to 1,185.90. The Nasdaq composites hed 19.80, or 0.8 percent, t o 2,529.14. Each index had posted gains earlier in thed ay. C isco Systems Inc. led the 30 Dow stocks with a 2.6 percent gain. JPMorgan Chase & Co., Bank ofA merica Corp and Boeing Co. each fell 3 percent, pulling the average lower. Investors received mixed economic data before the market opened. First-time applications for unemploy m ent benefits rose last w eek to 414,000. Econo m ists had expected 405,000. The prior week's estimate of new claims was also revised higher. The weekly report on unemployment applications i s an important economic indicator for investors. Risi ng claims can add to conc erns that the job market i s stalled and the U.S. economy is headed for another recession. Applicationsn eed to fall below 375,000 t o indicate sustainable job growth. Last week the government reported there wasz ero job growth in the U.S. economy in August. Not all of the economic news Thursday was nega-t ive. American exports of c ars, airplanes and other goods reached an all-timeh igh in July, the Commerce D epartment reported. Economists said the jump in exports suggest future growth in the U.S. econo m y. "The market is sitting around and trying to piece it all together, "said Rob Stein, the founder and global head of asset management at Astor AssetM anagement. "For all the v olatility that we've had r ecently, the market is going nowhere." OpenTable Inc., a restaurant booking and review website, dropped 8 percent to $57.50 after Google Inc. a nnounced it was buying OpenTable rival Zagat, a p ublisher of restaurant r eviews in print and online. P all Corp. slumped 10 percent, to $44.03, after the maker of filtration equip-m ent reported earnings t hat fell far short of what analysts were expecting. Pall dropped the most ofa ny stock in the S&P 500 index. Yahoo Inc. jumped 6 per cent to $14.44 after Third P oint, an activist invest m ent fund, disclosed that it has bought a 5.2 percents take in the troubled Web p ortal and called for sweep ing changes to the board. Yahoo's board fired CEO Carol Bartz on Tuesdaya fter 2 1/2 years on the job. She harshly criticized the board in an interview pub lished Thursday. Four stocks fell for every one that rose on the New York Stock Exchange. Vol u me was lower than aver a ge at 3.7 billion shares. BUSINESS T HE TRIBUNE FRIDAY, SEPTEMBER 9, 2011, PAGE 5B STOCKS SLIDE AFTER BERNANKE OFFERS NO NEW STIMULUS IN THIS AUG. 29, 2011 PHOTO traders work on the floor of the New York Stock Exchange. Stocks advanced for the second day running Thursday, Sept. 8, 2011, amid hopes that global policymakers will enact more measures to shore up ailing economic growth. (AP WASHINGTON A ssociated Press M ORTGAGE RATES have reached their lowest levels in six decades, making this the best time in most Americans' lives to buy orr efinance a home. For peop le who qualify, today's rates could save thousands of dollars a year. Yet most people can't take advantage. Half of would-be buyers say they'lln ever save enough for the 2 0 percent down payment now usually required. And shrunken home values have erased much of the equity people need to refinance. Low rates are great, but t he real issue is that the pool o f people who can get a loan or refinance is small," said Greg McBride, Bankrate.com's senior finan-c ial analyst. This week, the average rate on a 30-year fixed mortg age fell to 4.12 percent. It's t he lowest for a 30-year fixed loan since mortgage buyer Freddie Mac began trackingr ates in 1971. The last time rates were cheaper was in1 951, when most long-term h ome loans lasted just 20 or 2 5 years. The average on the 15year fixed loan, a popularr efinancing option, dropped to 3.33 percent this week.T hat's also an all-time low, a ccording to most econom ists. Record-low rates have done little to energize d epressed home sales. The average rate on the 30-year fixed loan has been below 5p ercent for all but two weeks this year. Yet sales of previously occupied homes are on pace for their weake st year since 1997. Too many would-be buy ers can't come up with a d own payment, don't have a job, lack enough income or are burdened by large debt loads. M ortgage rates are low largely because investors are worried about the U.S. e conomy. As a result, they're moving their money out of stocks and into U.S.T reasurys. Mortgage rates t end to track the yield on the 10-year Treasury note, which touched an all-timel ow this week. A drop in mortgage rates could provide some help to the economy if more people could refinance. When peo ple refinance at lower rates, they pay less interest on t heir loans and have more money to spend. Consider a homeowner who owes $250,000 and is paying 5.09 percent on a 30year fixed mortgage. That was the average rate on a 30-year fixed loan beingo ffered in January 2010. Refinancing the loan at 4.12 percent could save him or her roughly $2,000 a year. But many homeowners w ith good jobs and stable f inances have already refin anced in the past year. The average rate on the 30-year fixed loan fell to 4.17 percent last November, and to 4.15 percent last month. Both were previous lows. H omeowners typically p ay a few thousand dollars in closing costs when they refinance. To refinance again, most experts say rates would need to fall an additional 1 percentage point tom ake it worthwhile. S till, plenty of people c ould benefit from the low r ates. More than 75 percent o f homeowners with a gove rnment-backed mortgage a re paying rates above 5 per cent. B ut most can't qualify. M ike Anderson, a mortgage b roker in Baton Rouge, La., s aid he's turning away roughly 40 percent of customers seeking home loans and refinancing. "I've never had to turn d own so many loans upfront," Anderson said. B anks are insisting that a pplicants have higher cred it scores and make 20 percent down payments if they are a first-time buyer. R oughly 40 percent of U .S. households have the necessary credit scores a bove 700 to get a prime mortgage rate, according to a n Associated Press analy sis of Fair Isaac Corp., or FICO, data. But just half of potential l y buyers say they can save enough for a down payment, particularly one as high as 20 percent, according to a s urvey by the National Foundation for Credit Counseling. A nother problem is that nearly a third of homeown ers either have less than 5 p ercent equity in their home or are "underwater" that is, they owe more on their mortgage than their home isw orth according to the real estate research firm CoreLogic. A s a result, they can't afford a down payment on a bigger home and can't refinance because of lenderi mposed limits and the cost of extra fees. MORTGAGE RATES LOWEST IN DECADES, BUT FEW QUALIFY

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NEW YORK Associated Press WAL-MART is bringing back something its cust omers have been asking for since the Great Recession: l ayaway. T he world's largest retaile r, which ditched the payas-you-go plans in 2006, isr olling out a holiday layaway p lan from Oct. 17 through Dec. 16. Wal-Mart is following rivals that brought back the service during the thick of the recession. Wal-Mart's layaway option comes at a time when i ts mostly low-income shopp ers are being squeezed by h igh unemployment and risi ng costs. It also comes as W al-Mart tries to reverse n ine straight quarters of revenue declines at its namesake U.S. stores open at least a year __ a key measure of a retailer's health. "We're always looking for ways to ease budget strain f or our customers, and we know this holiday season brings with it additional f inancial pressure," said D uncan MacNaughton, c hief merchandising officer at Wal-Mart's U.S. division." This was a key component t hat our customers asked us for." Layaway which allows s hoppers to pay over time, i nterestfree, and pick up their merchandise when it's paid in full became popular during the GreatD epression. The practice had become largely a thing of the past as the economy f lourished and consumers w ere feeling more confident. But when credit dried up, a nd the job market soured d uring the recession that b egan in late 2007, Sears and other merchants added back or expanded the service. C iting increased costs and lower customer demand, Wal-Mart phased out its lay away in September 2006 __ roughly a year before the recession began __ with the exception of fine jewelry. B ut the discounter faced c riticism because it built its r eputation on helping its low-income shoppers. W al-Mart Stores Inc., based in Bentonville, Ark., said it will be able to limit costs now by limiting thel ayaway program to toys a nd electronics with a price tag of $15 or more. It also added a $5 non-refundable service fee and $10 cancellation charge for any orders n ot picked up by Dec. 16 or c ancelled by the customer. The program, which has a m inimum layaway purchase o f $50, is only available at s tores. It also requires a 10 percent down payment. The company said if the programi s successful, it may extend it throughout the year. The layaway plan is part o f Wal-Mart's efforts to t urnaround its struggling U.S. business. I n addition to the layaway p rogram, Wal-Mart said that s tarting Monday, it will launch price cuts on dozens of holiday toys to $15. T he company also said that it will start offering small samples of holiday m erchandise, including outd oor dcor, later this month two weeks earlier than a y ear ago. T hese moves are just the l atest effort by Wal-Mart to revive sales. Wal-Mart has been going b ack to "everyday low prices" instead of focusing on pricing gimmicks like t emporarily slashing prices o n select items that caused some shoppers to go elsew here. I t's also finishing up r estocking thousands of items it cut during an overzealous bid to clean upi ts stores. BUSINESS PAGE 6B, FRIDAY, SEPTEMBER 9, 2011 THE TRIBUNE 52wk-Hi52wk-LowSecurit y Previous CloseToday's CloseChangeDaily Vol.EPS $Div $P/EYield 1 .190.95AML Foods Limited1.191.190.000.1550.0807.76.72% 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% 1 1.108.29Cable Bahamas8.488.480.000.2450.31034.63.66% 2.802.35Colina Holdings2.552.550.000.4380.0405.81.57% 8 .508.33Commonwealth Brewery8.508.500.005800.7400.00011.50.00% 7 .006.21Commonwealth Bank (S1 6.886.880.000.4960.26013.93.78% 2.001.63Consolidated Water BDRs1.641.62-0.020.1110.04514.62.78% 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 5.755.750.000.4350.22013.23.83% 1.001.00Focol Class B Preference1.001.000.000.0000.000N/M0.00% 7.305.50ICD Utilities7.307.300.00-0.1220.240-59.8 3.29% 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 1 00.00100.00Fidelity Bank Note 13 (Series C) +FBB13100.000.00 100.00100.00Fidelity Bank Note 15 (Series D) +FBB15100.000.00FINDEX: YEAR END 2008 -12.31%30 May 2013 20 November 2029 7% RoyalFidelityMerchantBank&TrustLtd(Over-The-CounterSecurities) 29 May 2015BISX LISTED & TRADED SECURITIES AS OF:7% Interest 19 October 2022 Prime + 1.75% Prime + 1.75% 6.95%THURSDAY, 8 SEPTEMBER 2011BISX ALL SHARE INDEX: CLOSE 1,398.23| CHG -0.02 | %CHG 0.00 | YTD -101.28 | YTD % -6.75BISX LISTED DEBT SECURITIES (Bonds trade on a Percentage Pricing basis)Maturity 19 October 2017 W WW.BISXBAHAMAS.COM | TELEPHONE: 242-677-BISX (2479) | FACSIMILE: 242-323-2320 5 2wk-Hi52wk-LowSymbolBid $ A s k $Last PriceDaily Vol.EPS $Div $P/EYield 10.065.01Bahamas 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%L ast 12 Months %NAV 3MTH 1.57791.4674CFAL Bond Fund1.5779263.39%5.87%1.548717 3.01602.9020CFAL MSI Preferred Fund3.02482.63%3.94%2.981382 1.61281.5289CFAL Money Market Fund1.61512.61%4.53%1.591803 2.86862.5730Royal Fidelity Bahamas G & I Fund2.5730-5.41%-9.79% 13.734713.2291Royal Fidelity Prime Income Fund13.73472.82%1.94% 114.128999.4177CFAL Global Bond Fund114.09222.35%13.88%114.128861 118.4255101.6693CFAL Global Equity Fund118.42552.30%8.26%116.580785 1.17491.0000FG Financial Preferred Income Fund1.17492.48%5.16% 1.13431.0000FG Financial Growth Fund1.13431.41%5.17% 1.17641.0000FG Financial Diversified Fund1.17642.38%5.39% 9.9952 9.5078Royal Fidelity Bah Int'l Investment Fund Principal Protected TIGRS, Series 19.94330.98%4.58% 11.498510.5308Royal Fidelity Bah Int'l Investment Fund Principal Protected TIGRS, Series 210.96520.78%5.70% 10.68139.4372Royal Fidelity Bah Int'l Investment Fund Principal Protected TIGRS, Series 310.60135.75%13.20% 8.85647.8830Royal Fidelity Int'l Fund Equities Sub Fund8.65073.01%18.38% BISX ALL SHARE INDEX 19 Dec 02 = 1,000.00 YIELD last 12 month dividends divided by closing price 52wk-Hi Highest closing price in last 52 weeks Bid $ Buying price of Colina and Fidelity 52wk-Low Lowest closing price in last 52 weeks Ask $ Selling price of Colina and fidelity Previous Close Previous day's weighted price for daily volume Last Price Last traded over-the-counter price Today's Close Current day's weighted price for daily volume Weekly Vol. Trading volume of the prior week Change Change in closing price from day to day EPS $ A company's reported earnings per share for the last 12 mths Daily Vol. Number of total shares traded today NAV Net Asset Value DIV $ Dividends per share paid in the last 12 months N/M Not Meaningful P/E Closing price divided by the last 12 month earnings FINDEX The Fidelity Bahamas Stock Index. January 1, 1994 = 100 (S) 4-for-1 Stock Split Effective Date 8/8/2007 (S1) 3-for-1 Stock Split Effective Date 7/11/200731-Jul-11 31-Jul-11 31-Jul-11TO TRADE CALL: CFAL 242-502-7010 | ROYALFIDELITY 242-356-7764 | FG CAPITAL MARKETS 242-396-4000 | COLONIAL 242-502-752531-Jul-11 30-Jun-11 31-Jul-11 5-Aug-11 30-Jun-11MARKET TERMS30-Jun-11 31-Jul-11 RoyalFidelity Merchant Bank & Trust Ltd (Over-The-Counter Securities) CFAL Securities Ltd. (Over-The-Counter Securities) BISX Listed Mutual Funds30-Jun-11 30-Jun-11 NAV 6MTH 1.535365 2.952663 1.580804 111.469744 115.762221 NAV Date 31-May-11 30-Jun-11 5 2'1(<&$/,6RI 3 52'(1&,$&251(,/RI+23( 7$%$&2%$+$0$6 THE WAL-MART LOGO is displayed in Springfield, Ill. Wal-Mart is bringing back something it avoided during the Great Recession: layaway. Wal-Mart's layaway will kick off Oct. 1 7 and run through Dec. 16, but the company said it may extend the option throughout the year if the program is successful. (AP WAL-MART BRINGS BACK LAYAWAY FOR HOLIDAY SHOPPERS P LANFROMOCTOBER 17THROUGHDECEMBER 16 WASHINGTON Associated Press Americans borrowed more money in July than any other month in more than three years. But they cut back on using their credit cards. Consumer borrowing rose nearly $12 billion in July, the Federal Reserve said Thursday. Greater demand for school and auto loans fueled the increase. A category that measures credit card use fell in July after large increas es in May and June. Total consumer borrowing increased to a seasonally adjusted annual level of $2.45 tril lion. That's barely 2 percent above the fouryear low reached in September. The increase in loans was largely because of a pickup in auto sales, said Troy Davig, senior U.S. economist at Barclays Capital. The March 11 earthquake in Japan caused a global parts shortage that left many auto dealers without popular models this spring. The supply chain disruptions have eased in recent months. The category that measures auto loans rose in July by the most in more than six years. Borrowing is usually a sign of confidence in the economy. Consumers tend to take on more debt when they feel wealthier. But an increase in credit card use can be a sign that people have fallen on harder times. Federal Reserve Chairman Bernanke said Thursday that heavy debt loads was one reason consumers aren't spending more and using their credit cards. But even taking into account debt, "households seem exceptionally cau tious," Bernanke said in a speech in Minneapolis to the Economic Club of Minnesota. Americans have been struggling this year with high unemployment, scant raises and steep gas prices. Many economists are worried that the economy is at risk of slipping into another recession. For the first six months of the year, the economy grew at an annual rate of just 0.7 percent. That's the slowest growth since the recession officially ended more than two years ago. Last week, the government said the econo my added no net jobs in August, and the unemployment rate stayed at 9.1 percent for a second straight month. It was the weakest month for hiring in nearly a year. Households began borrowing less and saving more when unemployment spiked during the recession. Credit card use fell. Economists do not expect consumers to load up on debt the way they did during the housing boom in 2006 and 2007. During that period, Americans felt wealthier and more willing to take on added debt because of the soaring value of their homes. The Federal Reserve's borrowing report includes auto loans, student loans and credit cards. It excludes mortgages and loans tied to real estate. CONSUMER BORROWING UP F OR 1 0TH S TRAIGHT MONTH NEW YORK Associated Press Oil stayed around $89 a barrel Thursday ahead of President Barack Obama's speech on jobs and the economy. Investors hope to get a clearer picture of where the economy is headed when Obama speaks about jobs creation before a joint session of Congress Thursday night. U.S. Federal Reserve Chairman Ben Bernanke said earlier in the day in Minneapolis said the Fed will consider various ways to stimulate the economy when it meets later this month, but he gave no specifics. Obama's speech is expected to include a $300 billion plan to create jobs. He'll likely propose a series of initiatives, including extensions of the payroll tax cut and long-term unemployment benefits, tax incentives for companies to expand their workforce and money for public works projects. High U.S. unemployment and the debt crisis in Europe have kept oil between $80 and $90 per barrel for more than a month, as investors worried about diminished demand for oil and gas in the sluggish economy. Benchmark crude fell 29 cents on Thursday to finish at $89.05 per barrel in New York. Brent crude, used to price many international varieties of oil, fell $1.25 to end at $114.55 in London. Oil rose this week, mostly on expectations that the hur ricane season will continue to slow down oil production and refining, after Hurricane Irene and Tropical Storm Lee hampered operations on the East Coast and in the Gulf of Mexico. Now Tropical Storm Maria in the Atlantic is moving toward Florida, while Tropical Storm Nate churns in the Gulf, near Mexico. The government reported Thursday that U.S. oil supplies dropped by 4 million barrels last week, which was more than analysts expected. Imports were down by more than a million barrels per day, as Hurricane Irene interfered with shipping on the East Coast. The Energy Information Administration said in a separate report that natural gas supplies grew more than expected last week. Meanwhile, gasoline pump prices held steady at a national average of $3.655 per gallon, according to AAA, Wright Express and Oil Price Information Ser vice. A gallon of regular is nearly 98 cents higher than a year ago. In other energy trading, heating oil fell 3.13 cents to end at $3.0443 per gallon and gasoline futures gave up 2.28 cents to finish at $2.8852 per gallon. Natural gas increased 4 cents to end the day at $3.980 per 1,000 cubic feet. OIL AROUND $89 AHEAD OF OB AMA SPEECH ON JOBS

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WASHINGTON Associated Press STRUGGLINGto fix t he sickly economy, President Barack Obama was a ppealing for support from a divided Congress Thursday night for a battery of i deas to create jobs quickly and keep more cash in the pockets of dispirited Americans. His messaget o Republican lawmakers: T his is your mess to clean up, too. O bama's furious push o n employment, his latest stab at the defining issueof his presidency, aimed to shore up his chances ofk eeping his own job next year. He must stem eroding confidence in his lead ership as the public mood darkens and Republican presidential challengers assail his record. I n a nationally televised a ddress to Congress, Oba ma was expected to announce a program of tax cuts, construction spend ing, unemployment aid and money for states. The core elements i nclude extending the curr ent reduction in the amount of Social Security payroll tax that workers pay, and expanding jobless benefits for those who can't find work month after month. The cost was expected to be at least $300 billion, and perhaps more. Obama was to promise a way to pay for it without sinking the nation deeper in debt. In the best case, such a package could provide help that people would feel in their daily lives. It would boost consumer and investor confidence and spur hiring. Yet even that might not help the recovery enough to assuage the millions of unemployed, let alone sat isfy voters. And that's assuming Obama gets what he asks from Capitol Hill. His plan would require approval bya Congress that is deeply divided, with many House Republicans strongly opposed to his efforts. To pay for his plan, Obama will challenge a new debt panel in Con gress to go beyond its charge of identifying $1.5 trillion in deficit reduction, so the extra savings could offset the cost of shortterm stimulus ideas. That panel met for a first time Thursday, members expressing determination but facing a demanding assignment. Obama was expected to propose paying for some of his jobs initiatives by closing corporate tax loop holes and increasing taxes on wealthier Americans, measures he failed to win during summer negotiat ions over increasing the nation's debt ceiling. Offsetting some costs of h is economic plan with new tax revenue is likely t o meet stiff resistance from Republicans. But the White House has argued that the public has supported a mix of spending cuts and revenue as a wayt o avoid higher deficits. White House Chief of Staff William Daley said before the speech thatw ealthy Americans "ought t o pay a little more." The American public is weary of talk and wary of promises that help is on the way. About 14 million people are unemployed. There isj ust one job opening avail able for every four job seekers, on average, in the richest nation on earth. I n one striking sign of discontent, nearly 80 per cent of people think the c ountry is headed in the w rong direction. That's about the same level of pessimism as when Obama took office. It reflects both persistently high unemployment and disgust with Washington infighting. Re-election No incumbent president in recent history has won re-election with the unemployment rate anywhere near the current level, 9.1 percent. Writ large, Thursday night was about more than a speech or plan, suggesting whether the nation's leaders can agree on any ways to help a nation in economic peril. Some Republican lead ers, under their own pressure from constituents to get results, offered signs of compromise before Obama spoke. "The American people want us to find common ground, and I'm going to be looking for it," House Speaker John Boehner told reporters. The top Republican in the Senate, Mitch McConnell, wasn't so upbeat. He cast Obama's expected ideas as retreads, saying: "This isn't a jobs plan. It's a re-election plan." Obama chose not just to give a speech but to con vene Congress, allowing him to challenge House Republicans on their own turf. The strategy is to appeal to the lawmakers in front of him to pass a deal and to try to show the voters watching at home, particularly inde pendents, that he isn't the one to blame for inaction. Republicans had no interest in lining up a formal response to Obama.A t least a few of them were staying away altogether. Every time somebody skins their knee, his reaction is to hold a big speech," said Rep. JoeW alsh, R-Ill., who planned t o be back in his suburban Chicago district meeting with small-business own-e rs. "He's cheapened the very notion of a joint ses sion of Congress." Boehner encouraged m embers of his party to attend. The coming weeks could be the only window for bipartisan action on jobs before the 2012 presiden tial campaign swallows e verything. Obama took office in the midst of recession that began in December 2007 and ended in June 2009, costing America a staggering 7.5 million jobs. Even though many voters are spreading blame around, Obama owns the economy now and his political strategy of putting the onus on Congress holds risk. If nothing comes of his jobs program and he tries to blame Congress, he will still be the most identifiable target for voter ire. White House officials said Obama would formally send his plan coined by the administration as the American Jobs Act to Congress next week. The Democratic House leader, Nancy Pelosi, lobbied leaders of her caucus to push for legislative hearings and votes quickly. Before he spoke, Obama got a tough preview from a member of his own party, Rep. Maxine Waters of California. She has been pressing Obama to pay more heed to the plight of black Americans, whose unemployment rate stands at 16.7 percent. "There are roughly 3 million African Americans out of work today, a number nearly equal to the entire population of Iowa," Waters said. "I would suggest that if the entire population of Iowa, a key state on the electoral map and a place that served as a stop on the president's jobs bus tour were unemployed, they would be mentioned in the president's speech." BUSINESS T HE TRIBUNE FRIDAY, SEPTEMBER 9, 2011, PAGE 7B IN THIS SEPT. 9, 2009 file photo President Barack Obama i s greeted on Capitol Hill in Washington after delivering a speech on healthcare to a joint session of Congress. (AP

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By BRENT STUBBS Senior Sports Reporter bstubbs@tribunemedia.net T revor Barry has certainly not allowed his success at the 13th IAAF World Championships in Athletics to get to his head. F resh off his bronze-medal perf ormance last week in Daegu, South Korea, Barry was back in action yesterday at the Weltklasse Zrich Diam ond League Grand Prix meet in Switzerland where he led a small c ontingent of Bahamians with a second place finish in the men's high jump. Short of his personal best of 2.32 metres or 7-feet, 7 1/4-inches that landed him the only spot for the Bahamas on the medal podium in the colourful Daegu Stadium, Barry s oared 2.30m (7-6 1/2) (his previous PR) to trail Dimtrios Chondrokokis of Greece. Chondrokokis elevated to the top of the chart with a leap of 2.32m (7-7 1/4 It feels good to be back in action after the World Championships," Barry told The Tribune during a brief interview after the event. "I feel more confident with this field of high jumpers. I also feel more relaxed approaching the higher bars." Also competing in the event was Donald Thomas, while quarter-miler Chris 'Fireman' Brown and sprinter Debbie Ferguson-McKenzie r eturned to action in their specialties after their sub-par appearances in Daegu. In the men's high jump, four competitors were tied at 2.28m (7-5 3/4w ith Ivan Ukhov of Russia taking third and American Jesse Williams settled for fourth. Dmytro Dem'yanyuk of the Ukraine was fifth and Mutaz Essa Barshim of Qatar got sixth. Ukhov was tied for fifth in Daegu, while Williams was the gold medallist. Dem'yanyuk was tied for 12th and Essa Barshim was seventh. "The competition was a bit mediocre. There are at least five g uys capable of jumping 2.34 (7-8 better. I was a bit surprised that 2.32 (7-7 1/4 Jesse Williams and (Andrey (of Russian ine points a piece in the Diamond League, I was almost certain that 2.36 (7-8 3/4 THETRIBUNE SECTIONEFRIDAY, SEPTEMBER 9, 2011 INSIDE TRAK T T U U R R N N T T O O 3 3 E E . . . T T U U R R N N T T O O 4 4 E E . . . T T U U R R N N T T O O 5 5 E E . . . JAMAICAN RUNS PB 9.82 IN THE 100M ARSENAL LOOKS TO NEWCOMERS TO SPARK IMPROVEMENT US OPEN: MOVED TO TINY COUR T 13, RODDICK GETS THE VICTORY EUROBASKET : RUSSIA AND MACEDONIA REACH THE QUARTER FINALS T T U U R R N N T T O O 7 7 E E . LOCAL GOLF PRO Nelson Ranger (right sits in a golf cart with participants in the 3rd annual Nelson A Ranger Summer Golf Camp at Sandals Emerald Bay resort in Exuma. The camp, attended by children in Exuma between the ages of seven and 17, was deemed a huge success by Ranger and the organisers. SEE FULL STORY PAGE 2E, MORE PHOTOS ON 8E Happy campers hit green with Ranger By RENALDO DORSETT Sports Reporter rdorsett@tribunemedia.net WITH the NBA lockout forcing even some of the leagues top stars to consider playing in other leagues across the globe, D-League prospects like the Bahamas Bennet Davis continue to accept opportunities in Europe. Davis journey continues in Finland as he signed with KTP Basket, Kotka of Finland Korisliiga. Korisliiga is the top league of basketball in Finland, comprising the top 12 teams of the country. In the current format, each team plays all other teams twice in the regular season, both at home and away. The top eight teams continue to the playoffs. Davis made the move to Finland after successfully recovering from a leg injury he sustained in the DLeague last season. He was waived by the Utah Flash after he suffered a stress fracture in his right leg and was sidelined for approximately two months. Davis, 26, started in eight of the nine D-LEAGUE PROSPECT BENNET DAVIS SIGNS WITH TEAM IN FINLAND BENNET DAVIS BENNET DAVIS in action. S S E E E E p p a a g g e e 3 3 E E By RENALDO DORSETTS ports Reporter rdorsett@tribunemedia.net W ITH t he NCAA sporting c alendar under way for t he fall 2 011 semester, football is the first major sport contested. And one Bahamian is looking to take a more prominentr ole with his club. August Campbell began his red shirt sophomore season with the Duke Blue D evils last weekend as teams kicked off their 2011 campaigns around the c ountry. The Blue Devils fell in a close 23-21 loss to theR ichmond University Spid ers at Wallace Wade Stadium in Durham, North Carolina. C ampbell, in his role as the gameday starter, made an impact on the stat sheetw ith five tackles in his move from linebacker to safety. The Blue Devils next match up will be at home AUGUST MAKING HIS PRESENCE FELT WITH BLUE DEVILS S S E E E E p p a a g g e e 3 3 E E S S E E E E p p a a g g e e 3 3 E E C AMPBELL STILL JUMPING HIGH, BARRY GETS SILVER IN SWITZERLAND TREVOR BARRY in Daegu. (FILE

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L OCAL golf pro Nelson Ranger made an effort to teach his discipline to a new group of potential athletes in the Family Islands by host ing the third annual Nelson A Ranger Summer Golf Camp at Sandals Emerald Bay resort in Exuma. The golf camp, attended by children in Exuma between the ages of sevena nd 17, was deemed a huge s uccess by Ranger and the o rganisers. A former junior golfer, Ranger said he was a product of such a camp and knowsi ts importance. And he is d edicated to hosting the camp over consecutive sum m ers with the help of a number of corporate sponsors. The camp combines sports with education and every session began with a lecture on the importance of education, discipline and respect for each other. In the past three years, the camp has given each camper a certificate of attendance and there was also an award for best female and male camper. In addition, the camp has distributed hundreds of s chool exercise books, pen cils, rulers and a tote bag to charities and those in attendance. Ranger said the goal of the camp was to expose all chil d ren to other alternative sports and careers that they would not normally have access to in common conditions. As a new twist to this y ear's camp, four campers w ho showed that their skill l evel was good enough to advance further have received invites to take free private golf lessons twice perm onth at the resort. Privilege Their golf privilege will have to be matched by a 3.0 grade point average in the classroom in an effort to pro duce productive citizens and great golfers. With the support of our sponsors, they have launched the Nelson A Ranger Schol arship Fund which will be used to assist college-bound Exumians. Persons interested in assisting with the fund can send an e-mail to exum agolf@gmail.com Parents who may need financial assistance for college, please send a copy of their childs transcript to exu magolf@gmail.com R anger will expand his camp by introducing junior golf to Abaco during the last weekend of October, to be held on the first and third Saturday each month. E vent sponsors included S andals Resort Exuma, The R oyal Bank of Canada, Sky Bahamas Limited, H G Christie Realty, 98.3 The Breeze Radio, Grand IsleR esort, Thompsons Car R entals, Horizons Academy, Peace and Plenty Hotel, C hat n Chill, Grand Isle Resort, Exumas Local Government Department, Mount Herman Baptist Church, Exuma Markets, Sea Side Realty, CNK Liquors, Felix Stubbs and Images by Alexander. This years camp instructors included Ranger, Rudy Rolle, Steven Pedican, Pre ston Gray and Allan JJ Dames, while other volunteers included Magnolia Morley, Janet Watts and LaTysha Ranger. SPORTS PAGE 2E, FRIDAY, SEPTEMBER 9, 2011 TRIBUNE SPORTS LOCAL GOLF PRO NELSON RANGER HOSTS EXUMA CAMP CERTIFICATE OF ATTENDANCE: Local golf pro Nelson Ranger presents a certificate of attendance to the best female camper. HAPPY CAMPERS: Participants in the 3rd annual Nelson A Ranger Summer Golf Camp at Sandals Emerald Bay resort in Exuma. LOCAL GOLF PRO Nelson Ranger (left presents a certificate of attendance to the best male camper.

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F F R R O O M M p p a a g g e e 1 1 E E against the Stanford University Cardinals on September 10. An imposing force in the defensive secondary at 6' 3" and 225 pounds, he registered a 4.43 in the 40-yard dash and a 40-inch vertical jump in post spring practice testing. In his first full season with the Blue Devils, Campbell played in 10 games with two starts, against inter conference ACC rivals Boston College and North Carolina. Following his position c hange from linebacker to safety, he finished the season with 10 tackles, two for losses, one quarterback sack and one fumble recovery. Against Boston College, he had his biggest highlight reel play of his young career when he set the school record for longest fumble return for a touchdown with a 95-yard score. It surpassed the previous 54-year-old school record of 77 yards set by Ed Rushton against Pittsburgh in 1956. He was on the field for 205 total snaps, including 97 defensive plays. In his freshman campaign, Campbell played in three games at Army, Kansas and North Carolina Central but missed the remainder of the season due to a shoulder injury and was granted a hardship waiver. The 21-year-old left for the US as a baseball player after a promising early career on the diamond in Freeport, Grand Bahama. Campbell starred in base ball for Christ School in North Carolina before making the transition to football. He was a three-year letterman at Christ School, three-time allconference and two-time allstate selection. His stellar senior campaign, which led to his signing with the Blue Devils, included 91 tackles, four sacks, three fum ble recoveries, two interceptions and an astounding four defensive touchdowns. He helped lead Christ School to consecutive state playoff berths in 2007 and 2008 and his high school career totals include 237 tackles, 16 sacks, seven interceptions, seven fumble recoveries and six defensive touchdowns. By GRAHAM DUNBAR AP Sports Writer ZURICH (AP swagger after his gold medal at the world championships, Yohan Blake ran a personalbest 9.82 seconds Thursday to win the 100 meters at theW eltklasse meet. T he 21-year-old Jamaican stumbled slightly out of the blocks and had no wind assistance on a still night. He beat his best time by 0.07 seconds. "I knew I had this in me. I wanted to show people I cand o it and run under pressure," said Blake, who seized the world title last week in Daegu, South Korea, after training partner Usain Bolt was disqualified for a false start. "I feel fast. I feel like I can lift up a mountain, but being a champion that is how you feel." Asafa Powell of Jamaica was second in (9.95 ter Dix of the United States was third in 10.04. Another young world champion to shine in a starstudded Diamond League lineup was Kirani James in the 400. The 19-year-old from Grenada ran a personal-best 44.36 to repeat his Daegu vic tory over Olympic champion LaShawn Merritt of the US. Other world champions to win included Sally Pearson of Australia in the 100 hurdles, Mariya Savinova of Russia in the 800 and Vivian Cheruiyot of Kenya in the women's 5,000. Yelena Isinbayeva was beaten again in the pole vault, finishing third after a single clearance at 15 feet, 1 inch. American Jennifer Suhr won at 15-5. Yet it was Blake in center stage just 10 days after he was almost unknown to all but track aficionados. He had won the gold medal in 9.92 into a headwind to set his previous season best. Blake's dash in his first indi v idual race since was the f ourth fastest time this year without wind. He will run his final 100 of the season at Berlin on Sunday. Powell was running with a hip injury that caused him tom iss the world championships. H e led halfway through but stood up straighter in the closing strides as he looked left at Blake's winning surge. Powell was followed by Dix, a worlds silver medallist. Worlds bronze medallist Kim Collins of Saint Kitts and Nevis was fifth in 10.09. In the 400, James lowered his previous lifetime best from the Daegu final by 0.24, and was just 0.01 outside Merritt's world-leading time. "I executed the race per fectly," said James, dismissing talk of a sub-44 run soon. "I will be happy to run at least 44.35 next year." Merritt lost his world title by 0.03 last week but trailed by 0.31 this time. Dayron Robles proved a point in the 110 hurdles after his worlds disqualification. The Cuban world-record holder ran his season-best time of 13.01, as gold medallist Jason Richardson of the US trailed by 0.09 in second. "Great satisfaction for me after Daegu," Robles said. Carmelia Jeter again beat American teammate Allyson Felix in the 200, winning in 22.27. World champion Veronica Campbell-Brown of Jamaica was one of the few gold medallists to miss Weltklasse. In a thrilling finish to the women's 800, Savinova outlasted Alysia Montano of the US to cross in 1 minute 58.27 seconds. Caster Semenya of South Africa was fifth. Vivian Cheruiyot of Kenya, who swept the worlds 5,000 and 10,000, ran 25 seconds faster than her Daegu time winning the 5,000 in 14:30.10 seconds. World champion Ezekiel Kemboi won the 3,000-meter steeplchase in 8:07.72, and Kenya also took the men's 1,500. However, gold medal list Asbel Kisrop was seventh as Nixon Chepseba won in 3:32.74. Jamaica's Kaliese Spencer reversed 400 hurdles form after being fourth in Daegu. Spencer clocked 53.36 to edge silver medallist Melaine Walker into second, with world champion Lashinda Demus of the US third. Ngonidzashe Makusha of Zimbabwe, the worlds bronze medallist, won the long jump with an opening leap of 26-3. Four-time world champion Dwight Phillips of the US was fourth, at 25-10. Dimitrios Chondrokoukis of Greece had a lifetime best leap of 7-7 to win the high jump, and two-time world champion Robert Harting of Germany won the discus. Christina Obergfoell of Germany won the javelin at 228-3. SPORTS TRIBUNE SPORTS FRIDAY, SEPTEMBER 9, 2011, PAGE 3E ON A ROLL: Jamaican Yohan Blake wins the 100 yesterday in front of compatriot Asafa Powell (left Walter Dix (right during the IAAF Diamond League meeting in Switzerland. (AP D-LEAGUE PROSPECT BENNET DAVIS SIGNS WITH TEAM IN FINLAND games that he played with the Flash. He held season averages of 8.6 points and 6.1 rebounds per game. Davis, after spending several months playing in Hungary, returned to the DLeague's Utah Flash for his third season with the subsidiary of the NBA's Atlanta Hawks and Utah Jazz. In October of 2010, he signed with MJUS-Fortress Kormend of Hungary in the Division A League and made an immediate impact with the club. However, after almost three months, he chose to return to his former DLeague club. In his initial season with the Flash, Davis started just 14 games and averaged 6.5 points and 3.5 rebounds. In his sophomore campaign, he doubled productivity in both areas with averages of 13.7 points and 7.7 rebounds while shooting 41 per cent from the field. He was then invited to a DLeague prospect training camp where his play led to his selection as the 41st pick of the Draft by the Flash. Davis briefly flirted with an NBA contract when he was called up by the New Jersey Nets prior to the 2009-10 season. He appeared in a single preseason game, totalled a single rebound in just four minutes of action against the New York Knicks and was waived on October 22. His most notable D-League achievement came when he was named to the NBA DLeague's Select team which competed against some of the league's best rookies and young talent at the 2010 Las Vegas Summer League. F F R R O O M M p p a a g g e e 1 1 E E YOHAN BLAKE RUNS 9.82 PB IN SWITZERLAND AUGUST C AMPBELL By RENALDO DORSETT Sports Reporter rdorsett@tribunemedia.net THE Broadcasting Corporation of the Bahamas in conjunction with the Frank Hanna Octoberfest are preparing to host another edition of the now highly anticipated event on one of the countrys fastest developing islands. Event organisers promise this years event, set for October 27-29, will be even more exciting than last years with part proceeds going to assist the building of a new library in North Andros and sponsoring two scholarships at the Bahamas Technical and Vocational Institute. The schedule of events includes volleyball, basketball, a fishing tournament, childrens activities and music concerts. Corporation The Broadcasting Corporation of the Bahamas and a myriad of corporate sponsors have ensured the success of the event, to be held at the Regatta Site in Morgans Bluff. Along with the sporting events, Octoberfest will have local food and musical and cultural performances. Jeff Rodgers, special projects manager/marketing and sales at the Broadcasting Corporation of the Bahamas, said that they have been hosting a number of town meet ings in North Andros, bringing the community together to get them more involved in this event. I think that this is what is going to make this event suc cessful, Mr Rodgers said. It is not your regular e vent, where you have organisers come in, host the event and then move out. What we decided to do is to touch base with all of the folks in the community, let them bring their ideas to the table, show them some opportunities where they could benefit financially. I think that this is what builds excitement and makes it different from the other events they might host on thei sland, he said. The folks who are going to benefit the most from this event are the people who live right there in Andros. We have a full weekend of activities for everyone to get involved in. We believe that it is going to be a knockout. This is going to be like their Christmas, their birthday, everything in one and just six weeks before the Christmas season, Mr Hannaa dded. The people of Andros really appreciate this. O O C C T T O O B B E E R R F F E E S S T T S S C C H H E E D D U U L L E E Thursday, October 27 Gospel Concert Friday, October 28 Beach Volleyball, Basketball, Deep Sea Fishing, Sunfish Sailing tournaments. Official open ing ceremony at 6pm. Concert featuring Ira and theS pank Band, Geno D and Elon Moxey. Saturday, October 29 Continuation of tournaments. Concert featuring Ira and the Spank Band, Geno D and Elon Moxey. DJ Competi tion. FRANK HANNA OCTOBERFEST GOING TO BE A KNOCKOUT F e l i p M a j o r / T r i b u n e s t a f f THE ORGANISERS: Shown (l-r Vanda Rahming, North Andros chief councillor, Frank Hanna, Darnell Frazer and Keishel McAlpine of Bahamas Ferries. S TILL GETTING UP HIGH, TREV OR B ARRY SOARS FOR THE SILVER been the winning height tonight. Tonight's field was identical to the world championship final." Barry is now sitting in ninth place in the Diamond League points standings with four, but his arch-rival Grand Bahamian Donald Thomas finished 10th at the bottom of the pile of six competitors at 2.25m (7-4 1/2 not listed in the top 11. Thomas, the world champion in 2009 in Osaka, Japan, was 11th in the final in Daegu with just 2.25m (7-4 1/2 nated the previous meetings against Barry, including both the Central American and Caribbean Championships and the Commonwealth Games last year. "Its not all about the victory over Donald, but competing to the best of my ability," he said. In the men's 400, Brown ran 45.47 for a fifth place finish behind four finalists at the Worlds. Although his time wasn't faster than the 45.54 he did for third in his heat, Brown improved on his ninth place finish overall in the men's semifinal as he fell just shy of earning a spot in the final. Grenada's 18-year-old rising star Kirani James posted an impressive 44.36 to secure another win over American LaShawn Merritt, but low ered his own national record in the process. Merritt, the worlds silver medallist, ended up second in 44.67. Jamaican Jermaine Gonzales, who was fourth in Daegu, came in third in 45.39 and Rondell Bartholomew, the sixth place finisher for Grenada in Daegu, was fourth in 45.43. Brown is now in third place in the Diamond League standings with six points, the same as fourth place Mer ritt. James leads the pack with 12, followed closely by Gonzales in second with 11. Step As for the women's 200, FergusonMcKenzie moved up one step with her fifth place finish in 22.82. The 35year-old veteran sprinter was sixth at the Worlds. American Carmelita Jeter, the Worlds 100 champion and 200 silver medallist, won the race in 22.27 over her compatriot, Allyson Felix, the Worlds bronze medallist and 400 silver medallist. Felix clocked 22.40 for second. Third went to Jamaican ShellyAnn Fraser-Pryce, the Worlds 100 fourth-place finisher. American Shalonda Solomon was fourth in 22.63, the same position she got in Daegu. Ferguson-McKenzie is in fourth place in the Diamond League standings with three. A trio of Americans Jeter with 11 in first and both Bianca Knight and Felix in second and third with 10 each leads the way. Fraser-Pryce, Solomon and Jamaican Kerron Stewart are fifth, sixth and seventh respectively with two each. The next event on the IAAF calendar is the ISTAF (IAAF World Challenge Meeting) in Berlin on Sun day. F F R R O O M M p p a a g g e e 1 1 E E

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SPORTS PAGE 8E, FRIDAY, SEPTEMBER 9, 2011 TRIBUNE SPORTS LOCAL GOLF PRO NELSON RANGER HOSTS CAMP IN EXUMA THE CAMP hosted at Sandals Emerald Bay resort in Exuma, was deemed a huge success by local golf pro Nelson Ranger and the organisers. CAMP SUCCESS: The 3rd annual Nelson A Ranger Summer Golf Camp was attended by children in Exuma between the ages of seven and 17.



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N ASSA U AND B AHAMA ISLANDS LEADING NEWSP APER Volume: 107 No.235 FRIDAY, SEPTEMBER 9, 2011 PRICE 75 (Abaco and Grand Bahama $1.25) WEATHER SUNNY, T-STORM HIGH 89F LOW 81F By CELESTE NIXON Tribune Staff Reporter cnixon@tribunemedia.net THE discovery of the car belonging to a woman and child found dead in Nassau Harbour on Tuesday has raised suspicions of foul play, police sources said. Officially, the police are awaiting autopsy results before classifying the deaths and are quick to point out they have yet to uncover any evidence of wrongdoing. However, sources within the force say clues connected to the discovery of the car near the Cricket Club on West Bay Street have left investigators open to the pos sibility they were murdered. Among these is the fact that the car was not seen there at any point on Tuesday meaning someone had to bring it there after the bodies had already been found. Police said the Nissan Sen tra was spotted Wednesday night by a passing jogger who read about the search for this missing piece of the inves tigation in the news. According to Supt Paul Rolle, officer in charge of the Central Detective Unit, suggestions that the car was dri ven by someone after the mother and daughter died does not necessarily mean they were murdered. He pointed out that some one might have stolen the car from another location where the victims left it and brought it to the Cricket Club on Wednesday. The bodies of Amanda Seymour Burrows, 32, and her five-year-old daughter Kaysha Burrows were pulled from the waters behind Elizabeth on Bay Plaza Tuesday morning. Police said there were no visible injuries on the bodies of either of the victims. TRYOUR PINA COLADA McFLURRY The TribuneTHEPEOPLESPAPER BIGGESTANDBESTLATESTNEWSONWWW.TRIBUNE242.COM INSIDE TODAY:THESEASONSTARTSHERE GETYOURNFL2011SPECIAL EDITION Car found in mysterydeaths case WELL-KNOWN SAILING CLUB MEMBER IN HOTEL FALL TRAGEDY By AVA TURNQUEST Tribune Staff Reporter aturnquest@tribunemedia.net A WELL-KNOWN Nassau sailing enthusiast who had been missing for some time has died after falling eight floors from the balcony of his hotel in Puerto Rico. Jack Donald, 53, died of his injuries in hospital. Police confirmed the tragedy took place last Friday. Mr Donalds death has been categorised as a suicide, according to detectives who discovered a note inside his room at the Radisson Ambassador Plaza Hotel & Casino, in San Juan. The contents of the note have not been disclosed as police continue their investigations. Edward Ramirez, police spokesman, said that the suicide was reported at the hotel shortly after 11 am, Friday, September 2. Mr Donald survived the fall and was taken Discovery raises suspicions of foul play SEE page nine SEE page eight POLICEOFFICERS remove the car which belonged to Amanda Seymour Burrows from the Cricket Club on West Bay Street. Tim Clarke /Tribune staff By SANCHESKA BROWN DEPUTY Prime Minister Brent Symonette has accused talk show host Steve McKinney of having a personal vendetta against him and of making ludicrous comments in an effort to slander his name. Mr Symonettes comments came after he was informed that Mr McKinney had sug gested that he was somehow benefiting from the governments extensive road work project, to the tune of millions of dollars. While admitting he did not hear the report personally because he does not listen to garbage, Mr Symonette said he is not surprised by Mr McKinneys comments. By PAUL G TURNQUEST Chief Reporter pturnquest@tribunemedia.net A FORMER candidate for the PLPs nomination in the Marathon area was shot and killed in Fox Hill on Wednesday evening. Described as a community leader by his peers and colleagues, the reports of Neil Percenties death sent shockwaves through the Union Village area yesterday. His death has been described by eyewitnesses as a senseless killing. According to police sources last night, Mr Percentie had been travelling in a white twodoor Honda around 8.30pm with a male relative and three young women when the car was fired upon. Seated in the back seat of the vehicle, Mr Percentie TROPICAL storm Maria will only have a slight affect on the country, according to meteorologists. The storm was expected to weaken to a depression last night, according to Accuweather, whose storm projections indicated that the system is likely to pass over the south ern Bahamas. Tropical Storm Maria formed in the Atlantic yesterday, becoming the 13th named storm in the 2011 hurricane season. STORM WILL HAVE SLIGHT EFFECT ON BAHAMAS DEPUTY PM ACCUSES TALK SHOW HOST OF PERSONAL VENDETTA SEE page eight SEE page eight FORMER CANDIDATE FOR PLP NOMINATION SHOT AND KILLED

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By MEGAN REYNOLDS Tribune Staff Reporter mreynolds@tribunemedia.net PRE-ELECTION politics reached the prime ministers constituency this week as the leader of the PLP and his top MPs toured the area with local candidate Renardo Curry. Confident and unafraid, the Murphy Town businessman hoping to steal the prime ministers seat believes his youth and commitment to local people gives him the edge over the North Abaco MP of the last 34 years. On a road-trip from Marsh Harbour to Crown Haven at the western tip of north Abaco, the PLP contingency including deputy leader Philip Brave Davis, party chairman Bradley Roberts, and MPs Ryan Pinder and Fred Mitchell, Shane Gibson, as well as new candidates, stopped at homes and businesses to talk to local people and survey hurricane damage after Irene. In the well-groomed settlement of Coopers Town, where Prime Minister Hubert Ingraham was raised and still has a home, they saw damage to roofs, the public dock and at the gas station run by PLP supporter Medious Edgecombe who has successively run the town gas station for 55 years, and painted the pumps blue and yellow in tribute to his party.Political OddityHowever taxi driver Ronald Murray said Mr Edgecombe is somewhat of a political oddity in Coopers Town where Mr Ingraham has ensured the roads are smoothly paved, there are street signs are on every corner, dual aluminum street lights hang over the seafront road, sidewalks line the streets and government buildings, including an impressive two-storey health clinic, are well-kept and appeared undamaged by the storm. In Coopers Town its hard to win, he said. People highly appreciate what he has done. But in Dundas Town, Murphy Town and areas like that, they are questionable areas. So if you give him the middle and take the two ends, it could be done. PLP hopeful Renardo Curry said he is confident he can win the seat as many Abaconians are ready for a change. As township chairman for Murphy Town and member of the central Abaco district council, Mr Curry, who was ratified by the PLP on May 5, said his party would offer a support structure for local government that is missing under the FNM. My advantage is that I live here, I experience what they experience, Mr Curry said. I intend to be there on the ground for the people, to listen to their concerns, the issues that really affect them socially.IssuesThere are major issues to be addressed in education, Mr Curry said, as there is a need for a vocational training college to give young people who are not academically inclined an opportunity to be trained in job skills. And he would like Abaco residents to have more opportunities to win job contracts for construction projects, the PLP candidate said. I believe strongly that I will get in, he said. I have support from the leader of the PLP and the MPs who have pushed for me. We have a large contingency of young people that are behind me; peo ple who are tired of just business as usual. We believe that the change has to come now for us and the generation after us. Although the prime minister may have pleased Abaconians by solving ongoing issues with electricity supply by building a $105m power plant in Wilson City, and starting the longawaited rebuild of Marsh Harbour international airport, Mr Curry said he can offer something the prime min ister cannot. What we are seeing now is millions of dollars being spent in Abaco and we believe that because its being spent so close to the election its obvious that its politically motivated, Mr Curry said. So we hope people will be able to see through this political scheme and choose someone who is going to be there for the people to deal with their needs. We were hoping that our prime minister will have honoured his word and retired, but as that doesnt seem to be the case, I guess we will have to retire him.PLP CONTINGENT TOURS NORTH ABACO CONSTITUENCY WITH LOCAL CANDIDATEBy MEGAN REYNOLDS Tribune Staff Reporter mreynolds@tribunemedia.net POOR working conditions that led nurses at the Marsh Harbour medical clinic to walk off the job this week were scrutinised by PLP candidate for Carmichael Daniel Johnson on a party visit to Abaco on Wednesday. No air-conditioning, mouldy ceilings and blocked toilets drove five of the clinics six nurses out of work for two days as repairs got under way and doctors treated patients on an emergencyonly basis. Dr Johnson, of the WalkIn medical clinics, said it was disappointing to see the most important of Abacos six healthcare centres out of action. The clinic, run by two doctors and six nurses, typically sees 60-100 patients a day, but this week has been serving only emergency cases. I think its unsanitary for staff here, Dr Johnson said. Public health is all about prevention and control of disease, and that is where to put your resources. But there are no staff here today so they are not able to carry out their mandate. Its disappointing. Dr Johnson said the clinic required to provide preventative care, maternity services, orthopedics, and prepare patients for airlifting to hospital emergency services should be state-of-the-art. And building a hospital for the community, as the PLP had intended to do in 2008, is long overdue, he said. Public health has fallen down on the job, he said. LOCAL NEWS PAGE 2, FRIDAY, SEPTEMBER 9, 2011 THE TRIBUNE By CELESTE NIXON Tribune Staff Reporter cnixon@tribunemedia.net THE appearance of the Paradise Island bridges particularly the older one has sparked public concern and calls for immediate repairs. Photos sent to The Tribune showed a number of large cracks in the old bridges support beams, as well as rusty reinforcing bars exposed where layers of cement had fallen away. The bridges are in urgent state of disrepair when will they be fixed? asked one man. Minister of Works and Transport Neko Grant said while there are visible signs of deterioration, they are only superficial and the bridge is structurally sound. Engineers have determined that it is not a structural concern, but we will make the necessary repairs, said Mr Grant, who added that the relevant contracts have been signed. He added that some underwater work has already been completed on both bridges.CONCERNS RAISED OVER THE DETERIORATING STATE OF THE PI BRIDGEJOHNSON SCRUTINISES POOR WORKING CONDITIONS AT MEDICAL CLINIC CURRY EYES PRIME MINISTERS SEAT DAMAGES: Coopers Town dock in shambles after Hurricane Irene. STRONG SUPPORTER: Coopers Town service station owner and party supporter Medious Edgecombe stands in front of one of his gas pumps that he painted blue and yellow in tribute to the PLP party. GANGS ALL HERE: PLP party leaders socialising in North Abaco. Share your news The Tribune wants to hear from people who are making news in their neighbourhoods. Perhaps you are raising funds for a good cause, campaigning for improvements in the area or have won an award. If so, call us on 322-1986 and share your story. Daniel Johnson DECAY: Pictured are a number of large cracks in the old bridges support beams, as well as rusty reinforcing bars exposed where layers of cement had fallen away.

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By MEGAN REYNOLDS Tribune Staff Reporter mreynolds@tribunemedia.net AS PLP party leaders attempted to build support in Abaco this week, disenchanted FNM voters in Marsh Harbour said they are more likely to go green. DNA candidate Roscoe Thompson III, the former chief councillor who stepped down from the Central Abaco District Council for the chance to represent his community on a national scale, appears to be drawing in votes from both dissatisfied FNMs and faithful PLPs as more than 500 people swarmed the launch of the DNA party at the Abaco Shopping Centre in Marsh Harbour last week. The crowd was largely made up of disenchanted FNM voters seeking to support a candidate that will give them better representation in Par liament, noted one local political observer, who said a small fraction of the interested voters were traditionally PLP sup porters. He said: Generally people know Roscoes going to stand up and make noise for Abaco; hes going to say something when others might just complain. There is dissatisfaction with the present representative because for the most part he has not been visible. Last year when we had so many power outages, one of the big questions in our protest was Where is our MP? You dont see representation for Abaco in Parliament now, you dont hear Edison Key fighting for things for Abaco, and Abaco feels left out. There is also dissatisfaction with the FNM in general, as central government deals with Nassau first, and Abaco feels like a second-class citizen. We have roads here that are well overdue for repairs, we have been in need of an airport for 20 years at least, the power station upgrade was just done, and not even that was done properly, and some of the blame is on the government and some is on the MP. The Marsh Harbour resi dent said he believes it is the impartial voters under 35 who will swing the election, as they see little difference between the FNM and PLP and are asking more questions of the candidates. I have a growing faith in the DNA, he said. I think they are genuinely trying to restore in a sense of democracy by bringing it back to the people, because they are willing to listen to the people and they are going to come back to the people and find out what do the people want. PLP candidate for North Abaco, Renardo Curry, said he does not fear a DNA competitor in the seat he is vying for, currently occupied by Prime Minister Hubert Ingraham. I dont think its a threat at this time especially in North Abaco, he said. We believe that people here are either loyal PLPs or FNM. People want change not so much from the party but from representatives. They want someone who knows the needs of the people and is on the ground. LOCAL NEWS THE TRIBUNE FRIDA Y, SEPTEMBER 9, 2011, PAGE 3 By NOELLE NICOLLS Tribune Staff Reporter nnicolls@tribunemedia.net URBAN Renewal Centres across the island are set to receive new resources thanks to a partnership in the non-profit sector that was solidified this week. The Lignum Vitae Centre of Hope (LVCH) signed an agreement with the Florida branch of the international 4-H Youth Development Programme to bring youth activities and training opportunities to service clubs in the Bahamas. The new agreement officially makes Bahamas 4-H a pro gramme of LVCH. By harness ing the network of Urban Renewal centres, LVCH hopes to implement local clubs across the island, and fulfil its mission of creating supportive environments for diverse youth and adults to reach their fullest potential. It is learning by doing for our youth. We want them to learn the life skills that some of them are not having the opportunity to learn. We want them to learn to be productive citizens. We want them to learn to think for themselves. It means sharing information with them in a slightly different way. It is not about us telling them what to do, how they have to do it, when they have to do it, said Shelagh Pritchard, Bahamas 4-H Coordinator. What we do is impart the information and ask them to take it and develop it. We give them the responsibility. We want them to inquire. We want them to use their minds. We want them to ask questions, which is very different than how all of us have grown up. If we cant engage them, we lose them, and we know we are losing them. This is why this pro gramme is very important for us to take into the communities that are looking for activities after school, weekends, summer programmes, said Ms Pritchard. Florida 4-H, which is administered by the University of Florida (UF), provides support to the local operation. Norma Samuel, UF Project Team Leader, said volunteers in the United States collected 6000 books in a Bahamas 4-H book drive to donate to local clubs. Ms Samuel played an key role in the development of Bahamas 4-H from the needs assessment stage to the implementation. Dr Keith Diem, Florida 4-H Programme Leader, said: The way 4-H started in the United States is similar to how it is starting (in the Bahamas). People wanted to see a difference made for youth around the country. It is not an accident that it started at the grass roots level. People said hey, we want to help kids. We want to make a differ ence. The 4-H approach recognises that children need to learn more than reading, writing and other basic skills learned in school. He said 4-H helps children to develop thinking skills, public speaking skills, getting involved in helping others. Loretta Butler-Turner, Minister of State in the Ministry of Labour and Social Devel opment, witnessed the signing earlier this week, at the official launch of 4H Bahamas. I firmly believe that the 4-H Club programme has the potential to develop our youth into truly productive citizens and true role models for future generations of Bahamians. I am confident that the goals and objectives of this programme, as they were explained to me today, would impact the development of the youth of our society and hence the development of our society in a very positive manner, said Ms ButlerTurner at the launch event. By TANEKA THOMPSON Deputy Chief Reporter tthompson@tribunemedia.net SEVERAL businesses voiced concerns about government's duty exemption policy for hurricane victims arguing that the practice does not support the local economy. A few company managers said government should have directed those who suffered loss from the storm to purchase goods inside the country. "The government should try and get (people) to shop locally. I've always maintained that for the regular Joe Blow that goes to the States, he should pay more on duty than the company trying to make a living and giving other people jobs," said Raymond Collins, general manager at Tops Lumber, who thinks the move will send more business abroad. "It should have been worked a different way so (victims could) have gone to the local businesses." Multi Discount Furniture manager Diane Arnett said her company handles a lot of orders from the Family Islands. She also thinks government should have encouraged storm victims to buy Bahamian. "I think that would have been better," she said. However Danny Culmer, general manager of Kelly's Lumber Yard, believes the duty exemptions will not put a damper on his business. He said his company has competitive prices that often beats those in Florida or other parts of the US. "We always have a good inventory on a lot of stuff like shingles I don't think they'd beat the price by shipping it out of the US. Most US (stores) don't stock shingles, Florida has a lot of roof tiles. "Lumber is already duty-free. I've actually out bid American companies on a lot of items in the past. "If you go to the US, if you only have minor repairs to get a good rate in shipping it's not going to be as cheap as most people think. Most of the time they wouldn't save," said Mr Culmer, who has already had orders for building supplies from customers in Eleuthera and Cat Island. Amanda Meyers, manager of Fox Hill Nursery, said she does not have a problem with the exigency order because she doubts local nurseries can fill the demand needed to replace crops or greenhouses destroyed by Hurricane Irene. "If it hit us (in New Providence) and the shoe were on the other foot, I definitely would want to bring in the things duty free," she said. In the wake of Hurricane Irene Prime Minister Hubert Ingraham signed an exigency order to allow duty-free imports of building materials and agriculture supplies, among other things, for those hard hit by the storm. The prime minister's order allows the waiver of duties on the importation of building materials, electrical/plumbing fixtures and materials, household furniture, furnishing and appliances. Other items include materials for the reconstruction and repair of greenhouses, supplies for the reconstruction and repair of poultry houses, and supplies for the reconstruction and repair of irrigation systems. Nursery stock for the re-establishment of fruit orchards; items required for fencing; galvanised sheeting and other materials used in the construction of fishing habitats; fishing boats; fishing gear and apparatus; motor vehicles; motor cycles and golf carts are also listed on the exigency order. NEW RESOURCES FOR URBAN RENEWAL CENTRES LORETTA BUTLER-TURNER NON-PROFITSECTORPARTNERSHIP CLAIMTHATPRACTICEDOES NOT SUPPORT THE LOCAL ECONOMY BUSINESSES VOICE CONCERN OVER HURRICANE DUTY EXEMPTION POLICY T T h h e e g g o o v v e e r r n n m m e e n n t t s s h h o o u u l l d d t t r r y y a a n n d d g g e e t t ( ( p p e e o o p p l l e e ) ) t t o o s s h h o o p p l l o o c c a a l l l l y y . I I ' v v e e a a l l w w a a y y s s m m a a i i n n t t a a i i n n e e d d t t h h a a t t f f o o r r t t h h e e r r e e g g u u l l a a r r J J o o e e B B l l o o w w t t h h a a t t g g o o e e s s t t o o t t h h e e S S t t a a t t e e s s , h h e e s s h h o o u u l l d d p p a a y y m m o o r r e e o o n n d d u u t t y y t t h h a a n n t t h h e e c c o o m m p p a a n n y y t t r r y y i i n n g g t t o o m m a a k k e e a a l l i i v v i i n n g g a a n n d d g g i i v v i i n n g g o o t t h h e e r r p p e e o o p p l l e e j j o o b b s s . Raymond Collins, general manager at Tops Lumber DISENCHANTED FNM VOTERS IN MARSH HARBOUR MORE LIKELY TO VOTE DNA ELECTION 2012 DNA CANDIDATE Roscoe Thompson III, the former chief councillor who stepped down from the Central Abaco District Council.

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EDITOR, The Tribune. TO ALLthose persons who were born after 1992 or may have lived on Mars for the past 19 years please be informed that the FNM government opened up the airwaves in the Bahamas. Previous to them being elected The Bahamas only had one radio or Television station, the government owned ZNS. The above statement should be taught in every school and the recitation of it should be made a requirement. It should be posted at the national airport and those on the Family Islands, on all seaports, Paradise Island and be made a requirement for the signing on and signing off for all local radio and television stations. This must be done so that the country would be able to get on with governance and tackle the myriad of problems that we are presently encountering. The leader of the Opposition recently delivered a message to the Bahamian public and commented on the current state of crime in the country. Also, not so positive statements have also been made via the airwaves about: The Dengue epidemic The road works and their affects on the local over-the-hill small businessmen. Murders Immigration Unemployment Inflation Hurricane Irene The performance of NEMA. Public debt. Grand Bahama. The sale of BTC and the current poor performance of CWS already. The retirement of the staff at ZNS. The street lights. School grades and the educational system on the whole. The current situation with regards to government scholarships. The current situation with regards to the government low cost housing scheme. The majority of Bahamians feeling like second class citizens in their own country. The current state of unrest among civil servants. Including, but not limited to, the nurses, BEC, BTC, Water & Sewerage Corporation, Customs, Immigration, the Police and the Defence Force, etc. It seems that the overall answer to all of these is that the FNM opened the airwaves and that is why people could say these things on the airwaves. Well as Ive said that is the indisputable truth, but I think that the FNM government should not sell themselves short as I know for a fact that there are other positive things that they have done. In fact thinking hard about it I can even name a few: Atlantis Stipends and rewards for elite athletes Increasing funds and exposure for the local regattas and junkanoo. Introducing an aggressive government low cost housing scheme And maybe a few others that dont come to mind at this time. One of the reasons that I hope everyone on earth is aware of the fact about the FNM opening up the airwaves is because when a new government is formed, by whomever, I hope they do not answer every criticism by stating their accomplishments and what they were first to bring to the Bahamas. Can you imagine the next government being the PLP and they start answering with all their accomplishments and the magnitude of them? Imagine starting with Majority Rule and then going on to: Independence The best economy in the Caribbean The Bahamianisation project The government scholarship programme that resulted in the development of our current leaders. The creation of the middle class Bahamian The Central Bank National Insurance Etc, etc, etc. There would so much to talk about that they would certainly not have time to govern because of the sheer numbers and we do not want that. So for the sake of good governance by whatever party wins, to all concerned please note, the FNM opened up the air waves in The Bahamas. ARNOLD F BAIN Jr Nassau, September 7, 2011. EDITORIAL/LETTERS TO THE EDITOR PAGE 4, FRIDAY, SEPTEMBER 9, 2011 THE TRIBUNE The Tribune LimitedNULLIUS ADDICTUS JURARE IN VERBA MAGISTRI Being Bound to Swear to The Dogmas of No Master LEON E. H. DUPUCH, Publisher/Editor 1903-1914 SIR ETIENNE DUPUCH, Kt., O.B.E., K.M., K.C.S.G., (Hon.) LL.D., D.Litt Publisher/Editor 1919-1972 Contributing Editor 1972-1991 EILEEN DUPUCH CARRON, C.M.G., M.S., B.A., LL.B. Publisher/Editor 1972Published Daily Monday to Saturday Shirley Street, P .O. Box N-3207, Nassau, Bahamas Insurance Management Building., P.O. F-485, Freeport, Grand Bahama TELEPHONES Switchboard (News, Circulation and Advertising) 322-1986 Advertising Manager (242) 502-2352 Circulation Department (242) 502-2386 Nassau Fax: (242) 328-2398 Freeport, Grand Bahama: 1-(242)-352-6608 Freeport fax: (242) 352-9348 WEBSITE www.tribune242.com updated daily at 2pm LONDON Economic growth in much of the advanced world is near stagnation and set to remain limp through the rest of the year, although a downturn on the scale of the last one appears unlikely, an international research group said Thursday. The Organization for Economic Cooperation and Development, or OECD, said the recovery from the so-called Great Recession almost came to a halt in the second quarter of this year in many of its 34 members, including the United Statesand the euro area. In its latest outlook, the Paris-based group said a number of factors had darkened the picture since its last report in May. These included the recent gridlock over U.S. fiscal policy, the eurozone sovereign debt crisis, continued bank balance-sheet problems, slowing trade flows and concerns about whether the existing economic policy tools can offset any fur ther weakness. ''The risk of more negative growth going forward has become higher in some major OECD economies, but a down turn of the magnitude of 2008 and 2009 is not foreseen," it said. In Japan, growth was less negative than projected in the immediate aftermath of the March earthquake and sub sequent nuclear disaster, it said. But activ ity in China slowed in the course of the first half and manufacturing production there weakened. The OECD projected that growth in Group of Seven economies excluding Japan would remain less than 1 per cent at annualized rates on average in the second half of this year. It predicted a U.S. expansion of 1.1 per cent in the third quarter and 0.4 per cent in the fourth. For the three largest eurozone countries Germany, France and Italy the forecast was for 1.4 per cent in the third quarter and negative 0.4 per cent in the subsequent three months. ''The impact of the sovereign debt woes in Europe and the United States and the associated turbulence in stock markets over the summer have not yet fully fed through into the indicators underpinning the projections," the report said. Growth in Japan is expected to be buoyed by post-disaster reconstruction, although its effect should fade by yearend. And Germany and Italy are both likely to see contractions during one quarter of the second half. But the report said that uncertainty surrounding the projections was particularly high. The main risks in the second half include a possible intensification of Europe's debt crisis; further balance-sheet problems for banks; additional businesses running down inventories amid weak consumption; and the risk that unemployment rates in some economies could become entrenched. But it also said that the unwinding of temporary factors that had dampened growth in Germany like the shutdown of nuclear plants and in France, such as the effects of phasing-out car scrapping subsidies, "may prompt a sharper than projected rebound in activity in the third quarter." In addition, data on the federal budget had been better than expected so far this year in the United States, it said. The report said that official interest rates in most advanced economies should be kept on hold. If in coming months signs emerge of enduring economic weakness, the OECD said rates should be lowered where there is scope. Where there is no scope, other measures could include further central bank intervention in securities markets, even if that brings diminishing returns, it said. The governance of the eurozone must still be improved and the capitalization of banks in the region strengthened to stop contagion and restore confidence, the report said. (By Matthew Saltmarsh c.2011 New York Times News Service). The FNM opened up the airwaves LETTERSletters@tribunemedia.net Gloomy outlook for world economy /RXLVH'LDQH'LFHQRUGRI 3%R[*HQHUDO'HOLYHU\7KRPSVRQV/DQH1RUWK3DOPHWWR 3RLQW (OHXWKHUD%DKDPDV rfntbtfrf nrtbrfrt trfrftrfrr rrnrrbfr rrfn rf EDITOR, The Tribune. PLEASEallow me space to vent my frustration with the new tent city that has sprung up on Woodes Rodgers Walk since the hurricane. It is a total free for all with over 150 tents taking up every square inch of the entire length of the wharf. A large percentage of the tents are opportunists who never even had a straw market stall. I own a business on Woodes Rogers Walk, I pay a huge rent, salaries, power, and water to have access to tourists walking in town. I have lost 50 per cent of my business since the hoard of vendors took over the entire wharf. Also, there is a small group of vendors that currently pay BAIC $50 a day to have their stalls out on the wharf. There is no room for these legitimate, craftspeople with a right to be there anymore because the whole block of Woodes Rodgers Walk has now been taken over. This is a disgrace and the government should be embarrassed to see their downtown district become a tent city occupied by people with no business license putting tents up wherever they choose. Even the police office has been completely surrounded by tents. Shame on you FNM. A CONCERNED BUSINESS OWNER Nassau, September, 2011. Frustration with the new tent city EDITOR, The Tribune. THElast shoe has fallen and Mr Rodney Moncur, former leader of the Workers Party, political activist, recently converted Catholic, recent new member of the Democratic National Alliance (DNA), has been declared this standard bearer for that party in Bain and Grants Town Constituency. The Bahama Press that had waged a wicked campaign against Mr Moncur, day and night for six months failed and were seen to be wrong in their predictions. Mr Ortland Bodie, talk show host who lumped Mr Moncur with rejected candidate Mr Whitney Bastian, is seen to be wrong in his wishful thinking. The kitchen cabinet of the Breakfast Club at McDonalds in Oakes Field that cast lots on the outcome of this nomination were numb at the results; free breakfast for all! This three man rat race in Bain Town between two time representative Dr Bernard Nottage, the Rev Dr C B Moss and activist Rodney the Hammer Moncur, is the first line up that catches political onlookers eyes. It is threatening to become a volatile and explosive event; the outcome is anybodys guess. But, as the same goes; The first rat gets his tale in the hole his...is covered! Looking forward to a most interesting political season and promise much to say! TONY FERGUSON Nassau, September, 2011. Three man rat race in Bain and Grants Town

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By DENISE MAYCOCK Tribune Freeport Reporter dmaycock@tribunemedia.net FREEPORT Albert Alexander Whylly, the clergyman accused of having sex with a nine-year-old girl, gave sworn testimony before a Supreme Court jury yesterday after the prosecution closed its case. Whylly, 59, denied having sex with the victim, who was a fourth grade student on February 6, 2011, when the incident is alleged to have happened. According to earlier evidence, the mother of the victim dropped her daughter at the Whylly home around 6.30pm on the day in question. The mother asked Whyllys wife to watch the girl for about three hours while she was at a Super Bowl party. The mother testified that she had known Whylly for 18 years. She took her daughter to the home about once or twice a week, she said. Whylly, a pastor and fruit vendor, told the court he was at home when the alleged victim arrived. He took her, with some other children who were at the house, to a nearby party at his sisters house in the church van, he said. After getting them some food, he decided to take the children home, he said. After dropping the children, he said he went home to pick up his wife while the alleged victim stayed in the van. When he got home, his wife and daughter were leaving in another car, he said. The prosecution asked Whylly if he had a conversation with his wife. I didnt speak with my wife, I went inside to use the bathroom, he replied. Whylly testified that he left the victim in the van alone and in the dark. He said they returned to the party around 7pm. The prosecution asked if it had crossed Whyllys mind to send the alleged victim with his wife, who was also going to the party. No, it never crossed my mind, he said. According to earlier testimony by the alleged victim, she was told to stay in the van while Whylly went inside. After his wife left, she said, Whylly told her to come inside the house. It is alleged that Whylly had sex with the girl on a blanket on the floor in the front room of the home. The alleged victim said Whylly told her not to tell anyone, and instructed her to say he was in the bathroom if anyone asked what he had been doing. The alleged victim wrote her mother a note the fol lowing day (February 7) telling of what had happened, according to testimony. The mother said after reading the note, she contacted the police and put her daugh ters clothing and underwear in a bag which she gave to investigators. The note, which was signed by the alleged victim, was entered as evidence by the prosecution. Sgt Terryjo Lowe of Sexual Crimes Unit, the lead investigator, told the court she went to the Rand Memorial Hospital around 7.28pm on February 7, where she saw the mother and daughter and filled out a police hospital form. Sgt Lowe said she collected a sexual assault evidence kit from the doctor and proceeded to CDU. Some time around 10pm, Sgt Lowe and Sgt Michael Merinard went to a home on Jobson Avenue, where they arrested Albert Whylly. Sgt Lowe said she instructed scenes of crime officers to take photographs of the home. She said Albert Whylly was interviewed by police, but refused to give a statement. During cross-examination, Carlson Shurland asked Sgt Lowe if his client had been co-operative. The officer said Whylly was co-operative and agreed to go to the hospital to give a blood sample. Did you check for evidence inside the Whylly residence? Mr Shurland asked. No, she replied. Did you find a sheet or blanket? he asked. No, she replied. According to earlier testimony, no DNA evidence was found on the victims cloth ing. The trial resumes today.MAN ACCUSED OF RAPING NINE-YEAR-OLD GIRL GIVES TESTIMONY IN SUPREME COURT ALBERT WHYLLY,pictured above, is accused of having sex with a nine-year-old girl.COURTNEWS TEN days after Hurricane Irene tore through Eleuthera there is still much to clean up in the northern part of the island. Communities like Gover nors Harbour, Hatchet Bay, Gregory Town and James Cistern still face mountains of seaweed, sand and other debris left by the storm. On Sunday a small group of individuals from the Rotaract Club of Eleuthera, Rotary Club of Eleuthera, South Eleuthera Emergency Partners (SEEP) and the Cape Eleuthera Island School gathered in Gover nors Harbour to help with the clean-up effort. Following a meeting with local government officials, the volunteers set out for James Cistern where they helped remove mounds of seaweed from the primary school yard and from the homes of residents. Organi sations like Rotary, SEEP and the Island School have worked together in the past to help the community, but never before in response to a natural disaster. By coming together to assist others the organisations said they are showing their commitment to the communities of Eleuthera. We brought a dump truck, some tools, and a few good men and women to help out with the effort, said Josh Shultz who works at the Cape Eleuthera Institute. Hopefully weve made a difference by helping to remove some of this debris, and more importantly we want to send a message that we care about the community in which we livewere not just living in a bubble up at The Cape. LOCAL NEWS PAGE 6, FRIDAY, SEPTEMBER 9, 2011 THE TRIBUNE RESIDENT PROMOTION Adults 79$Kids 49$No reservations required, based on availability. For general inquiries call 363-6950.Aquaventure passes and lunch vouchers are available at the Discover Atlantis Desk in the Coral Towers. Proof of residency required for discounted rate.Includes: Complimentary Parking included with Package PurchaseLocated at the Atlantis Self Park Facility at the rear of the Craft CenterComplimentary Lunch Voucher Redeemable at express outlets onlyAccess to all Atlantis Pools, Slides and Rides August 20th November 20th THE governments of the Bahamas and China are set to signan Economic Technical Cooperation Agreement during the visit of Wang Qishan, vice-premier of the State Council of the Peoples Republic of China this Saturday. Mr Wang arrives around 3pm with a delegation of about 30 Chinese officials at the Lynden Pindling International Airport, where Government officials will greet them in the VIP Lounge. Deputy Prime Minister and Minister of Foreign Affairs Brent Symonette will sign the agreement on behalf of The Bahamas and Mr Wang on behalf of China. The signing ceremony will take place at the Atlantis on Paradise Island. Following, Prime Minister Hubert Ingraham will host a dinner in honour of the vicepremier and his delegation in the Grand Ballroom of Atlantis. The agreement provides for grant funding for projects mutually agreed upon to be undertaken in The Bahamas amongst other things. The Bahamas and the Peoples Republic of China established diplomatic relations in May 1997. Both countries have entered into a number of arrangements from technical cooperation and assistance to education through scholarship programmes. Mr Wang leaves the country onSundayto attend the 3rd Caribbean-China Economic and Trade Forum scheduled for September 12-13 in Port of Spain, Trinidad. Representatives from The Bahamas government and the business community are also expected to attend that conference. Volunteers continue cleanup effort in Eleuthera BAHAMAS AND CHINA TO SIGN TECHNICAL COOPERATION AGREEMENT A SMALL group of individuals from Eleuthera gathered in Governors Harbour to help with the clean-up effort.VANDYKEHEPBURN/Photo

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LOCAL NEWS THE TRIBUNE FRIDA Y, SEPTEMBER 9, 2011, PAGE 7 By US PRESIDENT BARACK OBAMA ON the 10th anniversary of the terrorist attacks of September 11, 2001, we remember that 9/11 was not only an attack on the United States, it was an attack on the world and on the humanity and hopes that we share. We remember that among the nearly 3,000 innocent people lost that day were hundreds of citizens from more than 90 nations. They were men and women, young and old, of many races and faiths. On this solemn anniversary we join with their families and nations in honouring their memory. We remember with gratitude how 10 years ago the world came together as one. Around the globe, entire cities came to a standstill for moments of silence. People offered their prayers in churches, mosques, synagogues and other places of worship.And those of us in the United States will never forget how people in every corner of the world stood with us in solidarity in candlelight vigils and among the seas of flowers placed at our embassies. We remember that in the weeks after 9/11, we acted as an international community. As part of a broad coalition, we drove al Qaeda from its training camps in Afghanistan, toppled the Taliban, and gave the Afghan people a chance to live free from terror. However, the years that followed were difficult and the spirit of global partnership we felt after 9/11 frayed. As president, Ive worked to renew the global co-operation we need to meet the full breadth of global challenges that we face. Through a new era of engagement, weve forged partnerships with nations and peoples based on mutual interest and mutual respect. As an international community, we have shown that terrorists are no match for the strength and resilience of our citizens. Ive made it clear that the United States is not and never will be at war with Islam. Rather, with allies and partners we are united against al Qaeda, which has attacked dozens of countries and killed tens of thousands of innocent men, women and children the vast majority of them Muslims. This week, we remember all the victims of al Qaeda and the courage and resilience with which their families and fellow citizens have persevered, from the Middle East to Europe, from Africa to Asia. Working together, we have disrupted al Qaeda plots, eliminated Osama bin Laden and much of his leadership, and put al Qaeda on the path to defeat. Meanwhile, people across the Middle East and North Africa are showing that the surest path to justice and dignity is the moral force of non-violence, not mindless terrorism and violence. It is clear that violent extremists are being left behind and that the future belongs to those who want to build, not destroy. To nations and people seeking a future of peace and prosperity you have a partner in the United States.For even as we confront economic challenges at home, the United States will continue to play a unique leadership role in the world. As we remove the rest of our troops from Iraq and transfer responsibility in Afghanistan, we will support Iraqis and Afghans in their efforts to deliver security and opportunity for their people. In the Arab world and beyond, we will stand up for the dignity and universal rights of all human beings. Around the world, we will continue the hard work of pursuing peace, promoting the development that lifts people from poverty, and advancing the food security, health and good governance that unleashes the potential of citizens and societies. At the same time, we have recommitted ourselves to living our values at home. As a nation of immigrants, the United States welcomes people from every country and culture. These newest Americans like all the innocent victims we lost 10 years ago remind us that despite any differences of race or ethnicity, background or belief, we are all bound together by the common hope that we can make the world a better place for this and future generations. That must be the legacy of those we have lost. Those who attacked us on 9/11 wanted to drive a wedge between the United States and the world.They failed. On this 10th anniversary, we are united with our friends and partners in remembering all those we have lost in this struggle. In their memory, we reaffirm the spirit of partnership and mutual respect that we need to realise a world where all people live in dignity, freedom and peace. By HU SHAN Chinese Ambassador WITH a view to deep ening mutually bene ficial economic and trade co-operation and achieving common development of China and the Caribbean region, the government of the People's Republic of China and the government of Trinidad and Tobago will co-host the 3rd China-Caribbean Economic and Trade Co-operation Forum (CCETCF) in Port of Spain, Trinidad and Tobago from September 12 to 13, 2011. Vice Premier Wang Qishan of the State Council of China will participate in the forum on behalf ofthe Chinese government. I want to express my wish that the forum is very fruitful and a great success. The Bahamas is one of the member states of the forum. The Chinese government attaches great importance to developing practical co-operative relations with the Bahamas. In order to express the friend ship of the Chinese government and people to the Bahamian government and people and to assist the Bahamian government in its rescue and reconstruction work in the wake of Hurricane Irene, Vice Premier Wang Qishan will bring $300,000 grant in cash on behalf of the Chinese government to the Bahamian government and will witness the signing of an eco nomic and technical co-operation agreement between the two countries during his visit to the Bahamas prior to his travel to Trinidad and Tobago. As Chinese Ambassador to the Bahamas, I'd like to take the opportunity of the convening of the forum to review what has been done in terms of ChinaBahamas economic and trade cooperation in recent years, and look ahead to the prospects of future co-operation. By doing so, I wish to support the raising of China-Bahamas economic and trade co-operation to a new high. In accordance with the Joint Statement issued by the two governments of China and the Bahamas and the Xianmen Dec laration reached among enterprises from the two countries during the second CCETCF in September 2007, both sides have put relevant measures into effect con scientiously, thus yielding posi tive results. First, bilateral trade volume has been growing fast. According to the statistics of the Chinese General Administration of Customs, the bilateral trade volumes between China and the Bahamas in the four successive years of 2007, 2008, 2009 and 2010 were $180 million, $385 million, $423 million and $628 million respec tively, up by 9.8 per cent, 113 per cent, 9.5 per cent and 48.5 per cent year on year. And the 2010 figure was 3.47 times of that in 2006. Second, substantial progress has been made in investment. The Thomas A Robinson National Stadium, built on a Chinese grant, was handed over to the Bahamian government on June 22, 2011. The Chinese government also honored its commitment to pro viding a RMB 400 million (about $58 million) concessional loan for the Nassau Airport Gateway project. The construction of the Gateway started in June 2011 and is expected to be completed in 2013. Moreover, the EximBank of China offered a commercial loan of $2.45 billion to the Baha Mar project, a large-scale holiday resort, and the China State Construction Engineering Corpora tion also invested $150 million in it. The project started on February 21, 2011 and is scheduled to be completed by the end of 2014. The resort is expected to open for business in the first half of 2015. Third, the first step of agricultural co-operation has already been taken. An MOU on agricultural co-operation was signed by the two governments in February 2009. Experts, engineers and market researchers from the Chinese Academy of Agriculture Sciences and some Chinese enterprises have paid an on-the-spot inspection in the Bahamas. Some enterprises expect to develop agriculture here. Some have even submitted investment co-operation plans to the Bahamian government. Forth, human resources training programmes were well received by the participants. From 2007 to 2010, 90 Bahamians including government officials, business managers and tech nical personnel were sponsored by the Chinese government to participate in 40 training courses and seminars of various kinds. From 2008 to 2011, 22 Bahami an young students were granted full Chinese government scholarships, majoring in a variety of specialties such as traditional medicine, international trade, telecommunication and computer tech nology. In 2011, the Chinese govern ment provided another three Bahamian officers with a oneyear postgraduate training opportunity in China. Apart from the above, the Con fucius Classroom was approved by the governments of China and the Bahamas to be established in the College of the Bahamas and was formally unveiled in November 2009. A teacher from China started to teach the Chinese language in the classroom in early 2011. Fifth, tourism co-operation has expanded gradually, with more and more Chinese tourists targeting the Bahamas. In December 2008 and March 2009, the Chinese Tourist Agencies Association invited its mem ber agencies to make an on-thespot investigation of the Bahamian tourist market. The Ministry of Tourism and Aviation of the Bahamas and the Royal Caribbean Cruise Ltd have established offices in China in an effort to develop new tourism products. During the Chinese New Year holidays in 2011, the first ever group of Chinese tourists choos ing the Bahamas as their destination made an eight-day tour of New Providence and some Family Islands. Sixth, personnel exchange has been expanding. Since 2007. The number of the Bahamians visiting China has been on the rise steadily. More and more people from Bahamian business circles partic ipated in the Guangzhou (Can ton) Trade Fair and other international investment and trade fairs held in China. Meanwhile, the number of the Chinese visiting the Bahamas has also increased very fast. There are two major reasons for that: The substantial progress of Chi nese-invested projects in the Bahamas attracted more business visitors from China; and the exchange of high-level visits between the two countries gave rise to deeper people-to-people understanding and more Chinese citizens visiting the Bahamas. The economic and trade cooperation between our two countries heralds a bright future, featuring high starting points, fast growth and great potential thus there's more to be done. For a long period of time from now on, the bilateral investment will focus on areas such as infrastructure, finance, tourism, renewable energy resources, agriculture and fisheries, and such cooperation will surely result in mutual benefit and a win-win sce nario. In terms of infrastructure, the Bahamas has great demands for the construction of roads, airports, docks and small bridges while the Chinese enterprises have the advantage in this field. In terms of finance, the Bahamas is a major financial centre in the Caribbean region. Over 270 international banks and financial institutions have regis tered and operated their business here. The Bahamian side wishes to see Chinese commercial banks set up branches in the Bahamas. In the tourism sector, the Bahamas is one of the countries that got approved destination status for Chinese tourists. With the smooth construction and operation of the Baha Mar project, cou pled with relevant facilitation measures in place from the Bahamian side, more and more Chinese tourists will target the Bahamas as their touring destination. In the area of renewable energy, the Bahamas has promulgated some policies to boost the use of renewable energy resources. Its market demand for renewable energy is gradually growing. China takes the lead in utilising solar and wind power in the world, and the Chinese skills in this area well suit the needs of the Bahamas. As for agriculture and fisheries, the Bahamas is not yet able to realise self-sufficiency in grain currently. However, there's some quite good arable land lying idle on some of its islands. Chinese enterprises can come over to develop livestock and poultry as well as vegetable farms. They can also explore the possibility of developing aquatic products on these islands. With regard to medical cooperation, China is famous for its traditional medicine, in particular its treatment by acupuncture and medicinal herbs. The traditional Chinese medi cine is effective to many diseases, such as functional diseases, chronicle diseases, mental diseases, gynaecological diseases, initial recovery of serious illnesses, diseases with causes that are hard to diagnose and difficult and com plicated diseases. There are many such diseases in the Bahamas and a variety of wild herbs here that can be used as medicine. Treatment with traditional Chi nese medicine is less costly but very effective. So we are taking the initiative in setting up a tra ditional Chinese medicine research and treatment centre in the Bahamas, where doctors from both sides can work together to serve the Bahamian people in need of treatment. In conclusion, China and the Bahamas have achieved great progress in the bilateral econom ic and trade co-operation, and there's still more for us to do. Given that it is in line with the fundamental interests of both countries and peoples to strength en our economic and trade cooperation, we will continue to make our efforts in this regard. The partnerships we need OPINION More can be done in terms of economic and trade co-operation between China and the Bahamas HU SHAN Chinese Ambassador T T h h e e e e c c o o n n o o m m i i c c a a n n d d t t r r a a d d e e c c o o o o p p e e r r a a t t i i o o n n b b e e t t w w e e e e n n o o u u r r t t w w o o c c o o u u n n t t r r i i e e s s h h e e r r a a l l d d s s a a b b r r i i g g h h t t f f u u t t u u r r e e , f f e e a a t t u u r r i i n n g g h h i i g g h h s s t t a a r r t t i i n n g g p p o o i i n n t t s s , f f a a s s t t g g r r o o w w t t h h a a n n d d g g r r e e a a t t p p o o t t e e n n t t i i a a l l t t h h u u s s t t h h e e r r e e ' s s m m o o r r e e t t o o b b e e d d o o n n e e .

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WASHINGTON Associated Press U.S. OFFICIALS said Thursday they were investigating a credible but unconfirmed threat that al-Qaida was planning to use a car bomb to target bridges or tunnels in New York City or Washington to coincide with the 10th anniversary of the Sept. 11 attacks, the first tip of an "active plot" around that date. The Homeland Security Department said the threat is credible and specific, but unconfirmed. The nation's terror alert level has not changed, but raising it was under consideration Thursday night. Law enforcement officials were investigating three peo ple who recently entered the U.S. The threat was received by the U.S. intelligence community late Wednesday night, officials said. "There is specific, credible but unconfirmed threat information," said Janice Fedarcyk, the assistant director in charge of the FBI's New York division. "As we always do before important dates like the anniversary of 9/11, we will undoubtedly get more reporting in the coming days." Security has been enhanced around the country in the weeks leading up to the 10th anniversary. Law enforcement officials have been wary, particularly after information gleaned from Osama bin Laden's com pound in May indicated that al-Qaida had considered attacking the U.S. on the anniversary and other impor tant dates. The threat came in a single piece of information and was so specific and came at such a time of already heightened alert that it could not be ignored. The officials described the threat to The Associated Press on condition of anonymity to discuss sensitive security matters. New York City Mayor Michael Bloomberg told reporters that police there were deploying additional resources around the city, but that New Yorkers should go about their business as usual. The city's observance of the attacks will go on as planned, Bloomberg said. The FBI and Homeland Security Department issued a joint intelligence bulletin Thursday night to law enforcement around the country urging them to maintain enhanced security and be on the lookout for suspi cious activity. Some District of Columbia police officers received an internal memo from department management on Thursday saying that the city had received "credible threats" and that additional staffing would be required, according to a law enforce ment source who had seen the memo. Police in both cities were increasing their already beefed-up staffing levels in light of the recent intelligence. President Barack Obama was briefed on the threat information Thursday morning and directed the counterterrorism community to redouble its efforts in response to the information, a White House official said. White House officials said there were no plans to change Obama's travel schedule on Sunday in light of the threat. The president is scheduled to mark the 9/11 anniversary with stops at New York's ground zero, the Pentagon and Shanksville, Pa. He will also deliver remarks Sunday night at a memorial concert at the Kennedy Center in Washington. Law enforcement officials are checking out all of the details included in the threat, said Rep. Peter King, R-N.Y. "No need to panic," King said. "They have not been able to confirm it yet." Thursday morning, Home land Security Secretary Janet Napolitano told reporters that there was "a lot of chatter" around the anniversary of the attacks but that there was no information about a specific threat. LOCAL NEWS PAGE 8, FRIDAY, SEPTEMBER 9, 2011 THE TRIBUNE He also said his interest in Bahamas Hot Mix, the company awarded the contract to pave the roads, has been public knowledge for years. "It is ludicrous to think that I am benefiting from delays in the road works. Steve McKinneys history speaks for itself. I do not own any share in that company. The shares are owned by my children's trust, but that is public knowledge. I have investments in many companies in this country. Does that mean that I should not enter politics? I don't think so, Mr Symonette said. Bahamas Hot Mix got the contract, not because of me, he said, but because they are recognized and well known road builders in the Bahamas. They are qualified to get the job. If there is a bidding process should they not bid? Tell Mr McKinney to wake up, I am a Bahamian and I am entitled to jobs in the Bahamas just like everyone else." Mr Symonette said he does not understand why Mr McKinney would make com ments regarding him. Mr Symonette implied that it could be because he is white. If Mr McKinney wants to make accusations about me, he should talk to me and not make remarks in a public forum. Yes, I happen to be a shareholder but I am a shareholder in many companies. So because I have personal wealth does that mean I cannot be a Member of Parliament? Why is he attacking me? There were ministers under the PLP government who got contracts that could be called special interest but no one made a big deal about that. This is not the first time that Mr Symonette has come under fire for his relationship with Bahamas hot Mix. In 2008, the PLP said they were concerned about the alleged awarding of contracts worth millions of dollars to a company Mr Symonette has interest in. The official opposition then called for a clearly defined conflict of interest policy, to avoid allegations of officials collecting payment from government agencies while in office and outlined the governments sys tem of awarding contracts. When contacted, Steve McKinney said, I stand by my comments. Mr McKinneys comments were made on his talk show, Hard Copy on Love 97. by emergency medical services to Rio Piedras Medical Centre, where he died a short time later. Mr Donald was a long-standing member of the Royal Nassau Sailing Club and will be sorely missed in the sailing community. Robert Dunkley, the sailing clubs commodore, said: Our condolences to the family, we will certainly be missing Jack. We will really miss his friendly attitude. He was a jovial and fun loving person, everybody loved to be around him. Mr Donald was recognized for his unwavering commitment to the club as a sailor and event organizer. Mr Dunkley explained that Jack had also spent his childhood years at the club with his parents, who were also members. The entire family is entrenched in the club, he added. The club was his second home, especially during his childhood. We all have very fond memories of him as a youngster, he was always there with us and all of his friends participating in all the events. The veteran sailor was one of four children of David and Fran Donald, along with his sisters Laurie Dalton, Nancy Goldstein and brother Mike Donald. The Greenwood Road resident, is survived by his wife Dr Susan Nutt Donald, a chiro practor and Tribune columnist, and their two children, Johnny and Katie. Funeral services will be announced at a later date. was the only person in the car to have been struck. His death brings the murder count to 93 for the year. While there were varying reports on exactly how many bullets were fired and the actual motive for the shooting, police believe Mr Percentie could have been a victim of a random shooting. Describing Mr Percenties murder as a senseless killing, PLP Senator Jerome Fitzgerald said Union Village, Peardale, and the Bahamas as a whole has lost a great community leader. Neil has sacrificed a lot of his time and his resources in building up the area and it is really a very sad, sad day and I just want to send my condolences out to his family, particularly his mother who was distraught last night and the whole community of Union Village. We as political leaders really needed to work together and come up with some comprehensive plans because there is far too much of this, and it is unacceptable, he said. Although Mr Fitzgerald and Mr Percentie had been at odds in the political arena, with the latter having actually challenged him for the partys nomination, Mr Fitzgerald said he still respected Mr Percentie tremendously. Neil and I may not have seen eye to eye on everything, but I respected him tremendously for his acts of kindness in the area and what he did personally to build up that community and the fact is his heart and his love was in the Union Village area. It showed with the people he touched. So at the end of the day that is the community that I feel very close to and I feel the loss. I mean he was one of the great community leaders in there and I can tell you I am moved by the whole thing. It is rough, he said. FROM page oneDEPUTY PM ACCUSES TALK SHOW HOST OF PERSONAL VENDETTA FORMER CANDIDATE FOR PLP NOMINATION SHOT AND KILLED WELL-KNOWN SAILING CLUB MEMBER IN HOTEL FALL TRAGEDY FROM page one THE RADISSON Ambassador Plaza Hotel & Casino, in San Juan. FROM page one OFFICIALS CHASE UNCONFIRMED AL-QAIDA BOMB PLOT INTERNATIONALNEWS JANICE FEDARCYK assistant director of the FBI's New York office, and Mayor Michael Bloomberg hold a news conference, Thursday, in New York. (AP)

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LOCAL NEWS THE TRIBUNE FRIDA Y, SEPTEMBER 9, 2011, PAGE 9 Assistant Supt Ken Strachan said that so far there is no concrete suggestion of foul play and no suspects are in custody. The car was found intact, Supt Strachan confirmed, adding that it is too early to determine what its discovery could mean to the investigation. We are concerned about the circumstances surrounding this unfortunate situation and continue to solicit the publics help, said Mr Strachan. Anyone with information about the incident is asked to contact CDU on 502-9991 or Emergency Services on 919. POLICEOFFICERS remove the car which belonged to Amanda Seymour Burrows from the Cricket Club yesterday. Tim Clarke /Tribune staffAMANDA SEYMOUR Burrows, 32, and her five-year-old daughter Kaysha Burrows were pulled from the waters behind Elizabeth on Bay Plaza Tuesday morning. FROM page one CAR FOUND IN DEATHS CASE

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LOCAL NEWS PAGE 12, FRIDAY, SEPTEMBER 9, 2011 THE TRIBUNE RM BAILEY SENIOR HIGH SCHOOL was closed yesterday for the demolition of the school gym, which was gutted in a fire in 2003. The school also be closed today, but will reopen on Monday, September 12. Felip Major /Tribune staff

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By NEIL HARTNELL Tribune Business Editor THE Paradise Islandbased Club Landor resort has dropped its asking price from $45 million to $39 million in a bid to further stimulate buyer inter est, the realtor marketing the property yesterday telling Tribune Business it was receiving serious interest. In a brief interview with this newspaper, John Christie, of the HG Christie real estate firm, said that while there were a couple [of proposals] on the table, no sales agreement with any poten tial buyer had been signed meaning no deal was close to being completed. Theres a lot of inter est, but its not sold, Mr Christie confirmed. Theres a solid amount of interest, but its still on the market. There are people very seriously looking at it. I think itll get sold. Asked when, Mr Christie replied: This year, I hope. Its still there, fully operational and remains so. The owners are fully committed to keeping operations continuing until such time that theres a deal. Club Landor sits at the heart of Paradise Island and the Atlantis marina, being among the first properties visitors Bahamians and tourists see when they come off the bridge. It operates as a hotel and holiday vacation/timeshare club, with 72 one bedroom, one bath suites available to guests. Among the attractions being pro moted to investors are the Government approvals received by the existing owners to construct a 10storey building on the Club Landor site. The resorts sale is taking place amid a background of signs that Club Landor is facing financial challenges, and that the existing owners are reluc tant to continue funding its operations. $4.68 $4.51 $4.69The information contained is from a third party and The Tribune can not be held responsible for errors and/or omission from the daily report.$ $5.32 $5.18 $5.38 THETRIBUNE SECTIONB business@tribunemedia.netFRIDAY, SEPTEMBER 9, 2011 A, B, C!Theinsurance plan Im looking for. An agent who understands my goals. Theinsurance company I can depend on. Choosing Family Guardian for my life insurance is as elementary as A, B, C. LIFE INSURANCE / are you covered? Amember of the FamGuard Group of Companies CONTACT A SALES REPRESENTATIVES AT AN OFFICE NEAREST YOU East Bay Street, Marathon Road, Thompson Boulevard, & Blue Hill Road (top hill) +242 396-1300 I www.familyguardian.com A MBESTA-ExcellentFinancialStrengthRating By NEIL HARTNELL Tribune Business Editor THE GOVERNMENT must select the right leader for the resulting consoli dated supervisory body, a leading attorney has urged, otherwise all the benefits from financial services regulatory reform will be derailed. Brian Moree QC, senior partner at McKinney, Ban croft & Hughes, told Tribune Business it was vital that the Government be prepared to pay a salary that would attract a topnotch regulator, with a proven track record, to act as chief executive of any merged financial services supervisory body. And, while acknowledgSEE page 4B By NEIL HARTNELL Tribune Business Editor A CREDIT SUISSE-LED lending syndicate has filed papers with the Supreme Court to drop its attempted foreclosure bid on 1,476 acres at the $4.9 billion Ginn sur mer project, Tribune Business can reveal, with attorneys for both sides set to present arguments in favour of this on September 21, 2011. Attorneys from Graham, Thompson & Co, represent ing the Credit Suisse syndicate, and from Dupuch & Turnquest, representing GinnLA West End (really Lubert Adler, Ginns financing partner), appeared yesterday before Justice Neville Adderley over the Notice of Discontinuance that was filed with the Supreme Court on September 1. Tribune Business has a copy of that notice, which states that both sets of attorneys consent that this [foreclo sure] action be wholly discontinued, with each side bearing their own costs. That discontinuance now has to be approved by the Supreme Court. A notice of discontinuance of foreclosure has been filed, a source with knowledge of developments confirmed. Theyre [Credit Suisse] trying a different track. It is unclear what that track is, or why it has been taken, given that Lubert Adler (in the person of Ginn-LA West End) and its attorneys were fully co-operating with the Credit Suisse syndicate in its foreclosure bid. Robert Adams, a Graham, Thompson & Co attorney and partner who has been working on the foreclosure on the syndicates behalf, did not return Tribune Business calls seeking comment. Apart from Mr Adams, fellow Graham, Thompson & Co partners Dana Wells and Judith Whitehead are also working on the matter. Several sources suggested to Tribune Business, though, that Credit Suisse wanted to drop the foreclosure route because it was too time consuming and expensive, especially as several interveners had emerged to challenge the Certificate of Title granted to Ginn for the By NEIL HARTNELL Tribune Business Editor A BAHAMAS-BASED broker/dealer yesterday vehemently denied misconduct allegations being levelled against it by Canadian regulators, who have frozen $2.2 million in its correspondent accounts and are claiming it pro vides facilities to convicted securities offenders. Warren Davis, president of Sandyport-based Gibraltar Global Securities, told Tribune Business that the company had committed no wrongdoing under either Bahamian or Canadian law, and that it did not hold accounts for the clients By NEIL HARTNELL Tribune Business Editor FINANCE CORPORATION of the Bahamas (FINCO) $5.4 million provisioning write-back boost resulted because it was too conservative when compared to the industry average, its managing director confirming it is grappling with $104 million worth of nonperforming loans. Tanya McCartney told Tribune Business that the change in FINCOs general provisioning, which now allows for credit losses of 7.5 per cent on all impaired loans, compared to the previous 30 per cent proportion, had also brought the mortgage lender in line with the ratios used by its Royal Bank of Canada parent. She added that while the mortgage lender had not met budgetary projections for the nine months to end-July 2011, it was expected to finish the financial year in the black and ahead of 2010s $18.188 million profit per formance. But, as indication of how risk averse commercial banks have become in the current economic climate of high unemployment, Ms McCartney told Tribune Business that FINCO now had to think twice about granting potential borrowers exceptions to its lending criteria. The alteration in FINCOs general provision for loan losses enabled it to enjoy a net $4.118 SEE page 2B CREDIT SUISSE DROPS $4.9BN GINN FORECLOSE Seeking Supreme Court approval for action, as lending syndicate takes new track SEE page 2B RESORT DROPS ASKING PRICE DOWN TO$39M FINCO TOO CAUTIOUS OVER PROVISIONING Change from 30% to 7.5% ratio brings lender in line with industry Still grappling with $104m in non-accrual loans But expecting to beat last years $18m profit Has to think twice about credit policy exception Club Landor sales price falls $6m from original $45m Realtor confident it will sell, and says PI property receiving serious interest FINANCIAL REGULATOR LEADERSHIP CRITICAL Top attorney says failing to get right man to head consolidated supervisor could derail whole reform project Urges Govt to pay market salary to attract high quality BRIANMOREE BROKER/DEALER DENIES CANADIAN MISCONDUCT RAP Regulator claims Sandyport-company providing account for convicted securities offender Freezes $2.2m, but Bahamian firm says it has no clients referred to SEE page 3B

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BUSINESS PAGE 2B, FRIDAY, SEPTEMBER 9, 2011 THE TRIBUNE Disn ey Worldtrip for a Family of 4WinnerTwo $500 cash prize Winners! D D D y y y Trip prize includes: Airfare to Orlando, hotel accommodation, entry fees for Disney WorldQUALIFYING PRODUCTS: Huggies Little Snugglers, Little Movers Diapers Jumbo, Huggies Snug & Dry Diapers Jumbo, Pull Ups Training Pants Jumbo, Huggies Good Nights, Huggies Wipes soft pack 64ct or 72ct or any Huggies Wipes refills 128ct, 144ct, 184ct or 216ct. Distributed in The Bahamas by Madeira Street, Palmdale 677-1441 Sharmilia SymonetteAlistina KempMaureen Turnquest By SIMON COOPER Res Socius ANY HOMEOWNER will tell you that the way to survive a tropical storm includes having a well-built home, and having enough boards to close up all the windows. Operating a business while being faced with the possibility of a double economic dip has remarkable similarities. Your firm needs to be structured correctly, and you need to have emergency plans in place. So here are the steps you need to think about, and perhaps implement, while you have the opportunity. Continually seek out or create new opportunities, and never, ever, be content with what you have. A single line of products can become a recipe for disaster a short way down the line. So regularly check out your range of offerings and subject them to critical scrutiny. Do your customers still need your goods? Is it time to upgrade them, or simply to re-brand? How attractive is your packaging, and how does it compare with that of your competition? Im not just talking about the plastic bags in which you supply your products either. Think about the shop front of your business, and the attitude of your people, too. However, price is still the ultimate packaging tool (if youll excuse me mixing marketing metaphors). Its no longer good enough to say that we may be a little more expensive but Its time to get real on that score. No client sticks around forever, and we need to be continuously replenishing our customer base in the same way that our bodies replenish worn-out skin and bones. The secret to surviving in an over-traded market is to get referrals from existing networks, and to rewards these contacts, too. You pay the press for advertising. Why not also spend a little money on your friends? And dont overlook the possibilities of the free social network-marketing tools available to you today. Money matters in business, and money-matters require constant attention from every business owner, too. Could you seduce a better deal from your suppliers? You never know unless you try. Inventory is another logical place to start. If you have several lumps of business credit, take another look at refinancing in terms of a single, cost-effective line of gearing. Take time out to smell the daisies. We should all be in business because it supports our personal lives. Build a gap day into every week for doing exactly what you want to do, except popping into your business. Im talking fishing, taking time out with the children, painting pictures, dusting off your motorbike in fact, absolutely anything else you fancy. And dont get stuck into another rut in the process. Think about all these things carefully, please. Whether we have a double dip or an extended recession in the Bahamas, it is the astute businesspeople who will survive the crisis. I for one am making sure that I will be around when the markets finally turn. I hope to greet you on the other side. NB: Res Socius was founded by Simon Cooper in 2009, and is a business brokerage authorised by the Bahamas Investment Authority. He has extensive private and public SME experience, and was formerly chief executive of a publicly-traded investment company. He was awarded an MBA with distinction by Liverpool University in 2005. Contact him on 636-8831 or write to simon.cooper@ressocius.com STRUCTURE AND PLAN FOR ECONOMIC STORM million net write back during the 2011 third quarter. Combined with net interest income of $8.802 million, this helped to boost FINCOs net interest after provisions to $12.92 million for the three months to end-July, more than double the previous years $5.252 mil lion a 246 per cent increase. And, with both fees and commission income, and noninterest expenses, essentially remaining flat year-over-year, FINCOs total comprehensive net income for the 2011 third quarter more than tripled growing by 329 per cent to $10.624 million compared to $3.232 million in 2010. Explaining the rationale for the change in general non-performing loan provisioning, Ms McCartney told Tribune Business: We were too conservative when we looked at the industry average. We were previously using the standard of 40 per cent of non-performing loans, brought it down to 30 per cent, and have now moved it to 7.5 per cent. FINCOs 2010 year-end financial statements showed the mortgage lender reduced its general provisioning ratio from 40 per cent to 30 per cent of non-performing loans at October 31 last year, basing this on the quality of real estate security it held and recovery rates. The end-July change now reduces that further to 7.5 per cent. Pointing to another ratio nale for the change, Ms McCartney added that it also brought FINCO into line with its 75 per cent majority shareholder, Royal Bank of Cana da. We wanted to align with Royal Bank of Canadas poli cies, so that what we had with respect to provisioning is con sistent with RBC Bank, she explained. We prefer to be consistent across the organisation. As for FINCOs financial performance for the year-todate, Ms McCartney added: Were not doing badly, but its not what we had planned. In terms of positive direction and growth, year-over-year its good, but in terms of plan its not where wed like to be. Still, FINCO was projected to reach its financial year-end in the black and ahead of last year. That is likely, given that its net income for the nine months to end-July was more than double 2010s, standing 253 per cent ahead at $15.533 million compared to $6.148 million. The third quarter and gen eral provisioning change (write back) were big factors behind this, with credit loss provisions for the nine months to endJuly standing at $1.692 million an almost $6.5 million drop on the amount taken in the 2010 comparative period. That accounted for the bulk of FINCOs bottom line improvement. Despite the uncertain growth outlook, as forecast by the international credit rating agencies, Ms McCartney said FINCO was cautiously opti mistic and projecting growth, its mortgage book having grown 4 per cent year-to-date from $817.998 million to $836.882 million. The mortgage lender, though, was still monitoring and dealing with its non-accru al loan book, in common with other Bahamian commercial banks. Were at about $104 million in non-performing loans, Ms McCartney said, implying that these account for about 12.4 per cent of its total port folios worth. We look close ly at non-performing loans because that hits the bottom line. Weve experienced a slight decline over this fiscal year. Its not been major. If it was more substantial, wed day there was a trend, but were making progress. FINCO had directed a lot of resources towards collec tions, and specifically restruc turing and rewriting existing loans where the opportunity presented itself. And, in looking for growth, the mortgage lender was continuing to focus on its existing client base and the professional market, viewing these as the best bets in a risky environment. There are opportunities for growth, but were less inclined to make an exception to credit policies, Ms McCartney said. Where weve made an exception in the past, wed think twice about it now. As for the continuing nonpayment of quarterly dividends, she added: The posi tion remains the same until we see a trend with respect to a substantial decline in non-performing loans, because we dont want to start and stop paying dividends. The emergence of such a trend was directly linked to the economys performance, and reduction in unemployment. Still, Ms McCartney was able to point to an increase in net interest income for both the third quarter and first nine months, which had resulted from a combination of loan book growth and existing cred it returning to the performing category, together with a drop in deposit rates due to the high liquidity levels in the commercial banking system. The FINCO managing director said the mortgage lenders capital base remained strong, especially with Royal Bank behind it, and its key ratios were in the area of 19 per cent, ahead of the 14 per cent and 17 per cent trigger and target ratios, respective ly, that were set by the Central Bank of the Bahamas. In its search for business opportunities, Ms McCartney said FINCO would seek to leverage relationships with Royal Bank of Canada and its wealth management unit, plus RoyalFidelity. Outsourcing of back office functions was also on the agenda in a bid to benefit from economies of scale. land in question. Essentially, the issue is procedural, in the sense that all is required is to vest title to the 1,476 acres in question in the Credit Suisse-lending syn dicate. This could be done via power of sale, or Lubert Adler and its attor neys conveying the title to them, but the emergence of the interveners or adverse claimants to the land at West End is likely to lengthen, if not complicate, matters at least as far as the lending syndicate is concerned. Among the adverse claimants is Ricardo Pratt, on behalf of the estate of Ruel Pratt. Another is Anthony Cooper, as executor of the estate of Julia Ash. They are all alleging they are descendants of the original Crown Land grantee. In a July 21, 2011, filing with the Supreme Court, Mr Cooper alleged that in his executor capacity he was the rightful owner of 960 acres at West End, and that this land was among the acreage Credit Suisse was seeking title to. G-LA Resorts Holdings (Bahamas) [the lending syndicate] and/or its purported assigns and predecessors in title, successors in title or interest, have no estate or interest in the said tract of land containing 960 acres more or less owned in fee simple by the applicant/intervener, and is a mala fide purchaser, Mr Cooper alleged. Ginn-LA West End and/or its purported assigns, successors in title or interest have no estate or interest in the said tract of land containing 960 acres, more or less owned in fee simple by the applicant/intervener. Seeking the Supreme Courts leave to intervene, Mr Cooper also asked for a stay until the Supreme Court determined his challenge to GinnLA West Ends certificate of title was heard by the Supreme Court. And he is also seeking that the conveyance of the land from the Grand Bahama Hotel Company to Ginn-LA West End on April 27, 2006, and the debenture and mort gage that transferred the real estate to the Credit Suisse syndicate on May 10, 2011, be declared void under the Fraudulent Conveyances Act. In their original bid, Credit Suisse and its lending syndicate members had demanded that, if Ginn failed to make good all sums owing under their $276.75 million loan facility, they should be permitted to foreclose on the bulk of its resort development site in Grand Bahama's West End. Ted Dameris, a director of G-LA Resorts Holdings (Bahamas), alleged in a May 31, 2011, affidavit, that unpaid interest on the $276.75 million loan was accruing at the rate of $14,539 per day. As of that date, the Ginn sur mer developers owed the Credit Suisse syndicate some $61.351 million in unpaid principal and $16.546 million in interest for a grand total of $77.896 million. The loan was supposed to be repaid in 24 quarterly instalments, beginning on September 30, 2006, and continuing until maturity on June 8, 2012. "As of March 31, 2011, 16 periodic payments in arrears," Mr Dameris alleged of Ginn sur mer's financial state of affairs. "On the 5th day of May, 2011, Credit Suisse made demands on the defendant [Ginn-LA West End Ltd] for repayment of the principal bal ance of $61.351 million, together with interest in the amount of $16.429 mil lion, as secured by the Promissory Note, the Supplemental Debenture and the Supplemental First Legal Mortgage...... "It is not possible for the defendant to now remedy the events of default. Despite this, the defendant has failed to make payment of all sums outstanding." Outlining the grounds for Credit Suisse's claim that Ginn, headed by Edward Robert 'Bobby' Ginn III, had defaulted on its agreement, Mr Dameris alleged that the West End developer had failed to make any principal or interest payments since June 2008. And he further claimed that Ginn had breacshed its commitment to pay all taxes, assessments and government charges relating to the project, adding: "In breach of this provision of the Intercompany Credit Agreement, [Ginn-LA West End] has not paid its real property taxes on the Ginn project at all for the current year............" "As a result of the events of default which remain unresolved and uncured, and the money secured by the Bahamian securities which remain outstanding and unpaid, the plaintiff [the Credit Suisse syndicate] is empowered to proceed and enforce its rights under the Promis sory Note and Supplemental Deben ture, and the Supplemental First Legal Mortgage," Mr Dameris alleged. FROM page one CREDIT SUISSE DROPS $4.9BN GINN FORECLOSE FINCO TOO CAUTIOUS OVER PROVISIONING FROM page one

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referred to by the British Columbia Securities Commission. The Canadian regulator, which has set October 4, 2011, as the date to hear the allegations against the Bahamian broker/dealer, is claiming that the latter breached its Securities Act by failing to register with it while trading and advising in securities, and taking on clients, from within its territory. Alleging that Gibraltar, via its correspondent accounts with a Vancouverbased broker, had traded in Cdn$14.239 million worth of shares in start-up and micro cap companies on the Toronto Stock Exchanges (TSX) Venture board in the year between July 1, 2010, and June 30, 2011, the British Columbia Securities Commission claimed the Bahamian firm told its correspondent that all the activity was for its own proprietary purposes. The Canadian regulator froze $2.2 million in Gibral tars Vancouver-based correspondent accounts on August 5, and further alleged that among British Columbia residents holding accounts with the Bahamian firm were one who has been convicted of wire fraud and securities fraud in the United States in connection with market manipulation. Another was alleged to be the subject of a different British Columbia Securities Commission hearing, for which a decision is pending. In response, Mr Davis, a former president of the Certified Financial Analyst (CFA) Society of the Bahamas between 20042005, said Gibraltar did not hold any account facilities for the individuals referred to by the Canadian regulator. He added: We deny these allegations. They are allegations at the moment. It is our intent to set the record straight. We have committed no wrongdoing, and await our opportunity to set the record straight. Some of the clients referred to in the notice dont even have accounts with us. It was very misleading. If it held any water they would have called those names. Based on some of the particulars in the notice, we cannot identify any clients referred to. In its notice, the British Columbia Securities Com mission said it was also investigating trading in the shares of one of its listed issuers. It alleged that the company had issued share certificates that had been deposited into the Bahamian companys corespondent account with a US bro ker/dealer. Although they named Gibraltar as the legal owner of shares, the certificates represented the beneficial interests in the securities of the reporting issuer of five different residents of British Columbia, who were also Gibraltar account holders, the Canadian regulator alleged. Gibraltar used its United States account to conduct open market transactions in the securities of the report ing issuer on behalf of two other Gibraltar accounts whose beneficial owners are residents of British Columbia. The other offence the Canadian regulator is accusing Gibraltar of is failing to provide it with the names, account information and statements, for all British Columbia residents it holds accounts for. It claimed this failure made Gibraltar unsuitable to be providing securities-related ser vices in its territory. The British Columbia Securities Commission investigation into Gibraltar began in 2008, when it learnt that residents in its territory held accounts there. It sought the Securi ties Commission of the Bahamas assistance, via a January 22, 2009, letter, in obtaining the names of Gibraltars principals and beneficial owners, its employees and all British Columbia residents with accounts there. The Canadian regulator, though, alleged that Gibraltar refused to provide the requested information to the Securities Commission of the Bahamas. The British Columbia Securities Commission then said it sent a letter to the Bahamian broker/dealer on December 14, 2009, seeking the same information. Gibraltar, in a December 30, 2009, response allegedly said it had instructed its attorneys to respond and the regulator would receive this in early 2010. The Canadian supervisor alleged that no such response was received. However, in early 2010 the Securities Commission of the Bahamas conducted an unrelated inspection of Gibraltar for its own pur poses, and found some of the information the British Columbia Securities Commission had requested back in 2009. This was allegedly pro vided to the Canadian regulator by the Securities Commission of the Bahamas on January 20, 2011. This purportedly showed that 16 British Columbia residents held accounts with the Bahamian broker/dealer. Gawaine Ward, the Secu rities Commissions inhouse legal counsel, last night told Tribune Business he could not speak on whether the Bahamian reg ulator would investigate Gibraltar, or whether its licensees had breached any Bahamian laws. Asked whether the regu lator was concerned about the allegations concerning some of Gibraltars clients, he responded: We are always concerned when we see things like that, and if any activities of that nature have been taking place, the Commission will consider it. Mr Ward said the Securi ties Commissions role was one of responding to a legitimate request for regulatory assistance by an overseas regulator, and providing information to assist that. The Bahamian regulator was satisfied that its Cana dian counterparts investi gation, and request for assistance and information, were legitimate. While the Securities Commission did not have as broad information powers as IOSCO Signatory A members such as the Cayman Islands and British Virgin Islands, Mr Ward said that due to regulatory changes persons cannot expect the level of secrecy and confidentiality as in the past. BUSINESS THE TRIBUNE FRIDA Y, SEPTEMBER 9, 2011, PAGE 3B By NATARIO McKENZIE Tribune Business Reporter nmckenzie@tribunemedia.net DOWNTOWN Nassau has become a shopping centre for tourists with no relevance to the people it was created toserve, Bahamian architect Pat Rahming said yesterday. Mr Rahming, who was the guest speaker at the Rotary Club of West Nassau, told Tribune Business: I think its currently irrelevant. I think it will succeed to the extent that tourist accommodations may improve, but Downtown is irrelevant to the people it was created to serve. Mr Rahming, who has designed the new downtown Straw Market, said yesterday: Through periods of wealth and poverty, the City has lost its way, and even its citizens are today confused about its purpose. It is no longer assumed to exist for the service of its residents but for the service of visitors, and the need to satisfy the social and cultural needs of the residents has been rendered secondary to the hospitality needs of its visitors. Nowhere has this been more obvious than in the conversations about the redevelopment of the downtown. While there has been considerable interest in the development of Downtown in the last decade, the long-term development of the city of Nassau has had very little spotlight. Mr Rahming added: There is little or no apparent interest in the fact that the city of Nassau and downtown Nassau are terms used interchangeably, despite the fact that the two elements have very different boundaries. There isa belief that Bay Street, mostly between the British Colonial Hilton and East Street, and the length of Woodes Rodgers Walk, are the only corridors in need of public concern primarily because of their apparent value to cruise ship tourists. Fifty years ago when there were businesses all over the city, providing different levels of support to the citys residents, it was not uncommon to see entrepreneurial black Bahamians succeeding. Fifty years later we have created a community of beggars largely due to the misconception that Over the Hill is outside the city gates begging for crumbs. Mr Rahming said this has contributed to the lack of cultural infrastructure in the city of Nassau. DOWNTOWN IRRELEVANT TO ORIGINAL CLIENT BASES ONE MAN BAND MENTALITY HURTS BAHAMAS ARCHITECTS By NATARIO McKENZIE Tribune Business Reporter nmckenzie@tribunemedia.net THE lack of a marketing push and a one-man band mentality has prevented Bahamian architects from securing work with major development projects, said architect Pat Rahming. Mr Rahming told Tribune Business: In any business youre in you have to learn the business environment. You have to understand how that environment functions. Most of us, me included, are not very good at the marketing side of what we do; were concerned about the creative side. Weve been accustomed to getting jobs by favour, and we believe that is something that will take us anywhere. The truth of the matter is when we learn to function the way the rest of the planet functions, by understanding the principles of marketing and the basics of landing work, then we would start to get the more significant jobs. He added: The biggest disincentive for Bahamians getting big projects is everybody wants to be a one-man band. Everybody wants to make up all the money themselves. As a result, you have very few firms that are large enough to promote themselves as being able to handle significant work. Unless you get people who brand themselves as being enough to handle big work, you cant expect the client to be making decisions based on social considerations. The client is getting the work done regardless of circumstances. If Bahamians want to get into the big leagues, they have to think big league and stop thinking like one-man bands. Mr Rahming also told Tribune Business that while Bahamian architects were looking to design more energyefficient homes, they often do no fit the liking of local clients. The problem is something we call taste, Mr Rahming said. Most of the things that would make a building more economical and fit the climate better are things that most Bahamian clients tell you they dont want, because its not what they see in the North American picture books. They dont look in the picture books from Samoa, Japan, Fiji and places like that; they look at picture books from North America. FROM page one BROKER/DEALER DENIES CANADIAN MISCONDUCT RAP

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SAN FRANCISCO Associated Press CAROL BARTZ'Sfiring as Yahoo Inc.'s CEO isn't going to be enough to placate a loudening chorus of shareholders who believe Chairman Roy Bostock and his fellow board members also should be ousted after years of questionable choices that raised doubts about their competence. The deepening disdain for Yahoo's board gained a potentially influential voice Thursday with the disclosure that successful hedge fund manager Daniel Loeb had bought a 5.2 percent stake in the company with designs on getting rid of Bostock and at least two other longtime directors. Bartz, still technically a Yahoo board member, also fanned the flames in her first interview since Bostock fired her in a phone call late Tuesday. While defending her own decisions, Bartz called the board a bunch of "doofuses" in a profanity-laced interview with Fortune magazine. Bartz, 63, wasn't a shareholder favorite either, but her description summarized the sentiment of many investors who have been stewing since Bostock and fellow board member Jerry Yang balked at Microsoft Corp.'s May 2008 offer to buy the company for $33 per share, or $47.5 billion. They insisted they were pursuing a strategy that would make Yahoo worth much more than Microsoft's bid, an argument that now looks absurd. Yahoo shares haven't closed above $20 in nearly three years. The stock finished Thursday at $14.44, a gain of 83 cents, or 6 percent, that was propelled by Loeb's attack on the board. "This board has presided over some of the worst decisions made by any company in recent history," said Darren Chervitz, co-manager of the Jacob Internet Fund, a longtime Yahoo shareholder. Even so, Yahoo's 10-member board probably still isn't viewed as the worst in Silicon Valley, said BGP Financial Partners Colin Gillis. He thinks that lowly title belongs to HewlettPackard Co.'s board, which has snooped into people's phone records and 13 months ago switched CEOs in a move that has been followed by a nearly 50 percent drop in the company's market value that has wiped out about $45 billion in shareholder wealth. By comparison, Yahoo's market value is about $30 billion below Microsoft's last offer. Gillis worries, though, that Yahoo's board will do more damage as long as Bostock and the current members remain. Possible missteps include bidding too high for video website Hulu.com, which is up for sale, or picking poorly when they settle on a permanent leader to take over from interim CEO Tim Morse. "They could still do something really foolish," Gillis said. "The concern out there is that this is not a functional board." Loeb hopes to shake things up through his Third Point fund, which specializes on buying stakes in troubled companies. In a letter Thursday, Loeb demanded the resignation of Bostock and two other directors, Arthur Kern and Vyomesh Joshi. Kern, who has a background in radio broadcasting, has been on the board since 1996 while Joshi, a top HP executive, has been a director since 2005. Loeb also said he expects Susan James, a board member since last year, to step down because he considers her too close to Bartz. "It is time that certain mem bers of this board were held accountable for its past failures and their individual roles," Loeb wrote. Loeb said he is drawing up an "all-star" list of potential replacements. A spokesman for Yahoo's board said it welcomes a dialogue with Third Point. "The Yahoo board recognizes the critical challenges facing the company and appreciates constructive input from all shareholders," the spokesman said. In her interview with Fortune, Bartz said the board should bring her back as CEO because she "knew what to do." Loeb, Chervitz and other shareholders have made it clear they believe Bartz had to go. One of their biggest grievances is that Yahoo's board signed Bartz to a four-year contract in January 2009, even though she had no previous experience running an Internet company or one that sells advertising to make money. She was most recently CEO and then executive chairman of design software maker Autodesk. The board's critics also think the board waited far too long to replace Bartz. But Bartz felt she was being turned into a scapegoat by a board that she says is still haunted by its rebuff of Microsoft's takeover offer. "The board was so spooked by being cast as the worst board in the country," Bartz said. "Now they're trying to show that they're not the doofuses that they are." During Bartz's tenure, five Yahoo directors left the board and four of the spots were filled with new appointees. Bartz remains on the board, a seat she told Fortune she intends to keep. But Yahoo doesn't want her in the boardroom. "Ms. Bartz is obligated to resign from the board, and we expect her to do so," the company spokesman said. Yahoo already has removed Bartz's picture and biography from the section of its website devoted to its board. Bostock, who is also vice chairman of Delta Air Lines Inc., has steadfastly refused to surrender his post at Yahoo even after nearly 40 percent of shareholders voted against his re-election in 2008 after the Microsoft talks collapsed. About 20 percent of Yahoo's shareholders opposed Bostock's reelection at the company's latest annual meeting. During that meeting, Bostock told shareholders that Yahoo's board was "very supportive" of Bartz. Yahoo leaves the evaluation of its directors' performances up to its nominating and corporate governance committee. That's chaired by Patti Hart, a Yahoo board member for the past 14 months and CEO of casino game maker International Game Technology. If the board truly values its shareholder opinion, Chervitz thinks a majority of the directors should pressure Bostock into resigning. "I do not delude myself into thinking that will necessarily change the company's direction or drive up the stock price, but it would have important symbolic value," he said. "(Bostock) picked the wrong person to be CEO last time and waited too long to get rid of her. Now, it's time for the accountability to move up the chain of com mand." BUSINESS PAGE 4B, FRIDAY, SEPTEMBER 9, 2011 THE TRIBUNE ,Q$FFRUGDQFHZLWK$UWLFOHfRIWKHQLRQV &RQVWLWXWLRQ7KH%DKDPDVXEOLFHUYLFHV 8QLRQZLOOKROGWKH7UL$QQXDO*HQHUDO 0HPEHUVKLSHHWLQJRQ %HJLQQLQJDWSPDWWKH $XGLWRUVHSRUWVZLOOEHSUHVHQWHG $OOPHPEHUVDUHXUJHGWRDWWHQG DQGEHRQWLPH 5HIUHVKPHQWVZLOOEHVHUYHGDIWHUWKHPHHWLQJ ing the Governments fiscal constraints, Mr Moree urged it to prioritise this objective, given the importance of maintaining the financial services sectors competitiveness and role as a job creator/middle class bedrock.Praising the Government for committing to completing the reform process, Mr Moree told Tribune Business: In addition to finalising the structure and introducing the enabling legislation, I would also encourage the Government to ensure the surviving regulatory bodies will be adequately resourced and funded. In that regard, Im particularly refer ring to human resources and leadership on one hand, and technology, research and benchmarking on the other hand. Our primary regulators must have the ability to adequately enforce and supervise a very large financial services industry with a number of different sectors in a manner that is consistent with international stan dards. The Government is looking to adopt a 'Twin Peaks' regulatory model merging the Securities Commission, Insurance Commission and Compliance Commission into one, but keeping the Central Bank's Banking Supervision Department separate. While not commenting on any regulatory structure, Mr Moree said a critical decision and the very first issue to be decided once a merged regulators struc ture and enabling legislation was decided, was the selection of a chief executive. He hinted that this persons status should be equivalent to the Central Bank of the Bahamas governor. The Government must ensure the per son selected is an experienced and quali fied regulator who has a track record that we can look at, so as to provide some insight as to the ability of this person to lead whatever regulatory body is created, Mr Moree urged. Leadership is critical, because even if we get the structure right and pass stateof-the-art legislation, if we end up with the wrong leader the project will not succeed, and will not accomplish the objectives the public and private sector desire to achieve. The selection of a chief executive, in my view, is a critical decision, and in order to get the right person we must be pre pared to pay a reasonable salary by mar ket standards. Acknowledging that there was very little money available to the Government, the senior attorney added: Yet again it comes down to a question of priorities. To finish the job of regulatory reform is highly commendable, and absolutely necessary for us to posture the Bahamas as an international financial cen tre going forward, allowing us to compete...... It would be most unfortunate, and much of the goodwill and substantial progress that has been made by completing the reforms could be substantially ameliorated if we dont get the right leadership, and the regulator is not properly funded and resourced. These are difficult financial times, but bearing in mind were talking about regulation of the second largest industry in the Bahamas, responsible for thousands of local job and the primary engine to support the middle class in this country, it seems important to me as a matter of national priority that this matter is dealt with in accordance with policy objectives and legislative enactments. Regulatory leadership, Mr Moree added, was closely linked to having a financial supervisor that develops our industry rather than retards it through unnecessary bureaucracy and heavy-hand ed regulation. Unfortunately, sometimes people feel that o regulate properly you have to be anti-business, he said. Its like the school system, where some think that to be a great teacher you have to be a great disciplinarian, always being on top of the kids. Responding to the commitment by Zhivargo Laing, minister of state for finance, to complete the regulatory reform process, Mr Moree he was looking for ward to legally consolidating the current number of regulators into a more efficient and market-driven structure. I was also very pleased to note in the ministers remarks that they indicated there was a recognition this was an important matter to complete before the end of this year, and I would certainly encourage the Government to complete this exercise as soon as possible, Mr Moree said. YAHOO'S BOARD UNDER FIRE AFTER FIRING OF CEO BARTZ IN THIS May 24, 2010 photo, Carol Bartz, CEO of Yahoo, attends a news conference in New York. Bartz's firing as Yahoo Inc.'s CEO isn't going to be enough to placate a loudening chorus of shareholders who believe Chairman Roy Bostock and his fellow board members also should be ousted after years of questionable choices that raised doubts about their competence. (AP) FINANCIAL REGULATOR LEADERSHIP CRITICAL FROM page one

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NEW YORK Associated Press U.S. stocks closed sharply lower Thursday after Federal Reserve Chairman Ben Bernanke offered no new insight into whether the central bank will act soon to prop up the economy. Ina speech closely watched by investors, Bernanke said the Fed will consider a range of steps at its Sept. 20-21 meeting, but he offered no specific plans. The Dow Jones industrial average fell 100 points shortly after Bernanke's remarks began at 1:30 p.m. Eastern. "The implications are that the Fed is going to act, but the market is disappointed because he was a little short on details," said Scott Brown, chief economist at Raymond James. Concerns about the U.S. economy have pushed stocks lower each month since April. Many traders now say the stock market is pricing in the assumption that the economy is in a recession, meaning limited job growth and a weaker corporate profits. President Obama will lay out his jobs plan at a joint session of Congress tonight. Heis expected to announce a $300 billion package that includes tax cuts, additional state aid and spending on infrastructure. The Dow Jones industrial average lost 119.05 points, or 1 percent, to 11,295.81. The Standard & Poor's 500-index fell 12.72, or 1.1 percent, to 1,185.90. The Nasdaq composite shed 19.80, or 0.8 percent, to 2,529.14. Each index had posted gains earlier in the day. Cisco Systems Inc. led the 30 Dow stocks with a 2.6 percent gain. JPMorgan Chase & Co., Bank of America Corp and Boeing Co. each fell 3 percent, pulling the average lower. Investors received mixed economic data before the market opened. First-time applications for unemploy ment benefits rose last week to 414,000. Econo mists had expected 405,000. The prior week's estimate of new claims was also revised higher. The weekly report on unemployment applications is an important economic indicator for investors. Rising claims can add to concerns that the job market is stalled and the U.S. economy is headed for another recession. Applications need to fall below 375,000 to indicate sustainable job growth. Last week the government reported there was zero job growth in the U.S. economy in August. Not all of the economic news Thursday was negative. American exports of cars, airplanes and other goods reached an all-time high in July, the Commerce Department reported. Economists said the jump in exports suggest future growth in the U.S. econo my. "The market is sitting around and trying to piece it all together, "said Rob Stein, the founder and global head of asset management at Astor Asset Management. "For all the volatility that we've had recently, the market is going nowhere." OpenTable Inc., a restaurant booking and review website, dropped 8 percent to $57.50 after Google Inc. announced it was buying OpenTable rival Zagat, a publisher of restaurant reviews in print and online. Pall Corp. slumped 10 percent, to $44.03, after the maker of filtration equipment reported earnings that fell far short of what analysts were expecting. Pall dropped the most of any stock in the S&P 500 index. Yahoo Inc. jumped 6 per cent to $14.44 after Third Point, an activist invest ment fund, disclosed that it has bought a 5.2 percent stake in the troubled Web portal and called for sweep ing changes to the board. Yahoo's board fired CEO Carol Bartz on Tuesday after 2 1/2 years on the job. She harshly criticized the board in an interview pub lished Thursday. Four stocks fell for every one that rose on the New York Stock Exchange. Vol ume was lower than aver age at 3.7 billion shares. BUSINESS THE TRIBUNE FRIDA Y, SEPTEMBER 9, 2011, PAGE 5B STOCKS SLIDE AFTER BERNANKE OFFERS NO NEW STIMULUS INTHIS AUG. 29, 2011 PHOTO traders work on the floor of the New York Stock Exchange. Stocks advanced for the second day running Thursday, Sept. 8, 2011, amid hopes that global policymakers will enact more measures to shore up ailing economic growth. (AP) WASHINGTON Associated Press MORTGAGE RATES have reached their lowest levels in six decades, making this the best time in most Americans' lives to buy or refinance a home. For people who qualify, today's rates could save thousands of dollars a year. Yet most people can't take advantage. Half of would-be buyers say they'll never save enough for the 20 percent down payment now usually required. And shrunken home values have erased much of the equity people need to refinance. "Low rates are great, but the real issue is that the pool of people who can get a loan or refinance is small," said Greg McBride, Bankrate.com's senior financial analyst. This week, the average rate on a 30-year fixed mortgage fell to 4.12 percent. It's the lowest for a 30-year fixed loan since mortgage buyer Freddie Mac began tracking rates in 1971. The last time rates were cheaper was in 1951, when most long-term home loans lasted just 20 or 25 years. The average on the 15year fixed loan, a popular refinancing option, dropped to 3.33 percent this week. That's also an all-time low, according to most economists. Record-low rates have done little to energize depressed home sales. The average rate on the 30-year fixed loan has been below 5 percent for all but two weeks this year. Yet sales of previously occupied homes are on pace for their weakest year since 1997. Too many would-be buyers can't come up with a down payment, don't have a job, lack enough income or are burdened by large debt loads. Mortgage rates are low largely because investors are worried about the U.S. economy. As a result, they're moving their money out of stocks and into U.S. Treasurys. Mortgage rates tend to track the yield on the 10-year Treasury note, which touched an all-time low this week. A drop in mortgage rates could provide some help to the economy if more people could refinance. When peo ple refinance at lower rates, they pay less interest on their loans and have more money to spend. Consider a homeowner who owes $250,000 and is paying 5.09 percent on a 30year fixed mortgage. That was the average rate on a 30-year fixed loan being offered in January 2010. Refinancing the loan at 4.12 percent could save him or her roughly $2,000 a year. But many homeowners with good jobs and stable finances have already refinanced in the past year. The average rate on the 30-year fixed loan fell to 4.17 percent last November, and to 4.15 percent last month. Both were previous lows. Homeowners typically pay a few thousand dollars in closing costs when they refinance. To refinance again, most experts say rates would need to fall an additional 1 percentage point to make it worthwhile. Still, plenty of people could benefit from the low rates. More than 75 percent of homeowners with a government-backed mortgage are paying rates above 5 per cent. But most can't qualify. Mike Anderson, a mortgage broker in Baton Rouge, La., said he's turning away roughly 40 percent of customers seeking home loans and refinancing. "I've never had to turn down so many loans upfront," Anderson said. Banks are insisting that applicants have higher cred it scores and make 20 percent down payments if they are a first-time buyer. Roughly 40 percent of U.S. households have the necessary credit scores above 700 to get a prime mortgage rate, according to an Associated Press analy sis of Fair Isaac Corp., or FICO, data. But just half of potentially buyers say they can save enough for a down payment, particularly one as high as 20 percent, according to a survey by the National Foundation for Credit Counseling. Another problem is that nearly a third of homeowners either have less than 5 percent equity in their home or are "underwater" that is, they owe more on their mortgage than their home is worth according to the real estate research firm CoreLogic. Asa result, they can't afford a down payment on a bigger home and can't refinance because of lenderimposed limits and the cost of extra fees. MORTGAGE RATES LOWEST IN DECADES, BUT FEW QUALIFY

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NEW YORK Associated Press WAL-MART is bringing back something its customers have been asking for since the Great Recession: layaway. The world's largest retailer, which ditched the payas-you-go plans in 2006, is rolling out a holiday layaway plan from Oct. 17 through Dec. 16. Wal-Mart is following rivals that brought back the service during the thick of the recession. Wal-Mart's layaway option comes at a time when its mostly low-income shoppers are being squeezed by high unemployment and rising costs. It also comes as Wal-Mart tries to reverse nine straight quarters of revenue declines at its namesake U.S. stores open at least a year __ a key measure of a retailer's health. "We're always looking for ways to ease budget strain for our customers, and we know this holiday season brings with it additional financial pressure," said Duncan MacNaughton, chief merchandising officer at Wal-Mart's U.S. division. "This was a key component that our customers asked us for." Layaway which allows shoppers to pay over time, interestfree, and pick up their merchandise when it's paid in full became popular during the Great Depression. The practice had become largely a thing of the past as the economy flourished and consumers were feeling more confident. But when credit dried up, and the job market soured during the recession that began in late 2007, Sears and other merchants added back or expanded the service. Citing increased costs and lower customer demand, Wal-Mart phased out its lay away in September 2006 __ roughly a year before the recession began __ with the exception of fine jewelry. But the discounter faced criticism because it built its reputation on helping its low-income shoppers. Wal-Mart Stores Inc., based in Bentonville, Ark., said it will be able to limit costs now by limiting the layaway program to toys and electronics with a price tag of $15 or more. It also added a $5 non-refundable service fee and $10 cancellation charge for any orders not picked up by Dec. 16 or cancelled by the customer. The program, which has a minimum layaway purchase of $50, is only available at stores. It also requires a 10 percent down payment. The company said if the program is successful, it may extend it throughout the year. The layaway plan is part of Wal-Mart's efforts to turnaround its struggling U.S. business. In addition to the layaway program, Wal-Mart said that starting Monday, it will launch price cuts on dozens of holiday toys to $15. The company also said that it will start offering small samples of holiday merchandise, including outdoor dcor, later this month two weeks earlier than a year ago. These moves are just the latest effort by Wal-Mart to revive sales. Wal-Mart has been going back to "everyday low prices" instead of focusing on pricing gimmicks like temporarily slashing prices on select items that caused some shoppers to go elsewhere. It's also finishing up restocking thousands of items it cut during an overzealous bid to clean up its stores. BUSINESS PAGE 6B, FRIDAY, SEPTEMBER 9, 2011 THE TRIBUNE 52wk-Hi52wk-Low Securit y Previous CloseToday's CloseChangeDaily Vol.EPS $Div $P/EYield 1.19 0.95AML Foods Limited 1.19 1.19 0.00 0.1550.0807.76.72% 10.639.05Bahamas Property Fund 10.63 10.63 0.00 -0.6420.080-16.6 0.75% 7.50 4.40Bank of Bahamas 6.93 6.93 0.00 0.2300.10030.11.44% 0 .53 0.17Benchmark 0.18 0.18 0.00 -0.0480.000N/M0.00% 2 .84 2.55Bahamas Waste 2.70 2.70 0.00 0.0300.09090.03.33% 1.96 1.77Fidelity Bank 1.77 1.77 0.00 0.0970.04018.22.26% 1 1.108.29Cable Bahamas 8.48 8.48 0.00 0.2450.31034.63.66% 2.80 2.35Colina Holdings 2.55 2.55 0.00 0.4380.0405.81.57% 8 .50 8.33Commonwealth Brewery 8.50 8.50 0.00 5800.7400.00011.50.00% 7.00 6.21Commonwealth Bank (S1) 6.88 6.88 0.00 0.4960.26013.93.78% 2.00 1.63Consolidated Water BDRs 1.64 1.62 -0.02 0.1110.04514.62.78% 1.77 1.31Doctor's Hospital 1.37 1.37 0.00 0.0740.11018.58.03% 5.50 4.75Famguard 5.43 5.43 0.00 0.4980.24010.94.42% 8.50 5.35Finco 5.39 5.39 0.00 0.7570.0007.10.00% 9.74 7.75FirstCaribbean Bank 8.29 8.29 0.00 0.4940.35016.84.22% 6.00 5.00Focol (S) 5.75 5.75 0.00 0.4350.22013.23.83% 1.00 1.00Focol Class B Preference 1.00 1.00 0.00 0.0000.000N/M0.00% 7.30 5.50ICD Utilities 7.30 7.30 0.00 -0.1220.240-59.8 3.29% 10.809.80J. S. Johnson 9.82 9.82 0.00 0.8800.64011.26.52% 10.0010.00Premier Real Estate 10.00 10.00 0.00 1.2070.2008.32.00% 52wk-Hi52wk-Low Security SymbolLast SaleChangeDaily Vol. 99.4699.46Bahamas Note 6.95 (2029) BAH29 99.460.00 100.00100.00Fidelity Bank Note 17 (Series A) + FBB17 100.000.00 100.00100.00Fidelity Bank Note 22 (Series B) + FBB22 100.000.00 100.00100.00Fidelity Bank Note 13 (Series C) + FBB13 100.000.00 100.00100.00Fidelity Bank Note 15 (Series D) + FBB15 100.000.00FINDEX: YEAR END 2008 -12.31%30 May 2013 20 November 2029 7% RoyalFidelityMerchantBank&TrustLtd(Over-The-CounterSecurities) 29 May 2015BISX LISTED & TRADED SECURITIES AS OF:7% Interest 19 October 2022 Prime + 1.75% Prime + 1.75% 6.95%THURSDAY, 8 SEPTEMBER 2011BISX ALL SHARE INDEX: CLOSE 1,398.23| CHG -0.02 | %CHG 0.00 | YTD -101.28 | YTD % -6.75BISX LISTED DEBT SECURITIES (Bonds trade on a Percentage Pricing basis)Maturity 19 October 2017 W WW.BISXBAHAMAS.COM | TELEPHONE: 242-677-BISX (2479) | FACSIMILE: 242-323-2320 52wk-Hi52wk-Low Symbol Bid $ A sk $Last PriceDaily Vol.EPS $Div $P/EYield 10.06 5.01Bahamas Supermarkets N/A N/A 14.00 -2.9450.000N/M0.00% 0.55 0.40RND Holdings 0.35 0.40 0.55 0.0010.000256.60.00% 41.00 29.00ABDAB 30.13 31.59 29.00 4.5400.0009.030.00% 0.55 0.40RND Holdings 0.65 0.75 0.40 0.0290.00024.130.00% 52wk-Hi52wk-Low Fund Name NAVYTD%Last 12 Months %NAV 3MTH 1.57791.4674CFAL Bond Fund1.5779263.39%5.87%1.548717 3.01602.9020CFAL MSI Preferred Fund 3.02482.63%3.94%2.981382 1.61281.5289CFAL Money Market Fund 1.61512.61%4.53%1.591803 2.86862.5730Royal Fidelity Bahamas G & I Fund 2.5730-5.41%-9.79% 13.734713.2291Royal Fidelity Prime Income Fund 13.73472.82%1.94% 114.128999.4177CFAL Global Bond Fund 114.09222.35%13.88%114.128861 118.4255101.6693CFAL Global Equity Fund 118.42552.30%8.26%116.580785 1.17491.0000FG Financial Preferred Income Fund1.17492.48%5.16% 1.13431.0000FG Financial Growth Fund 1.13431.41%5.17% 1.17641.0000FG Financial Diversified Fund 1.17642.38%5.39% 9.9952 9.5078Royal Fidelity Bah Int'l Investment Fund Principal Protected TIGRS, Series 19.94330.98%4.58% 11.498510.5308Royal Fidelity Bah Int'l Investment Fund Principal Protected TIGRS, Series 210.96520.78%5.70% 10.68139.4372Royal Fidelity Bah Int'l Investment Fund Principal Protected TIGRS, Series 310.60135.75%13.20% 8.85647.8830Royal Fidelity Int'l Fund Equities Sub Fund8.65073.01%18.38% BISX ALL SHARE INDEX 19 Dec 02 = 1,000.00 YIELD last 12 month dividends divided by closing price 52wk-Hi Highest closing price in last 52 weeks Bid $ Buying price of Colina and Fidelity 52wk-Low Lowest closing price in last 52 weeks Ask $ Selling price of Colina and fidelity Previous Close Previous day's weighted price for daily volume Last Price Last traded over-the-counter price Today's Close Current day's weighted price for daily volume Weekly Vol. Trading volume of the prior week Change Change in closing price from day to day EPS $ A company's reported earnings per share for the last 12 mths Daily Vol. Number of total shares traded today NAV Net Asset Value DIV $ Dividends per share paid in the last 12 months N/M Not Meaningful P/E Closing price divided by the last 12 month earnings FINDEX The Fidelity Bahamas Stock Index. January 1, 1994 = 100 (S) 4-for-1 Stock Split Effective Date 8/8/2007 (S1) 3-for-1 Stock Split Effective Date 7/11/200731-Jul-11 31-Jul-11 31-Jul-11TO TRADE CALL: CFAL 242-502-7010 | ROYALFIDELITY 242-356-7764 | FG CAPITAL MARKETS 242-396-4000 | COLONIAL 242-502-752531-Jul-11 30-Jun-11 31-Jul-11 5-Aug-11 30-Jun-11MARKET TERMS30-Jun-11 31-Jul-11 RoyalFidelity Merchant Bank & Trust Ltd (Over-The-Counter Securities) CFAL Securities Ltd. (Over-The-Counter Securities) BISX Listed Mutual Funds30-Jun-11 30-Jun-11 NAV 6MTH 1.535365 2.952663 1.580804 111.469744 115.762221 NAV Date 31-May-11 30-Jun-11 52'1(<&$/,6RI 3%2;&5 52'(1&,$&251(,/RI+23( 72:1$%$&2%$+$0$6 THE WAL-MART LOGO is displayed in Springfield, Ill. Wal-Mart is bringing back something it avoided during the Great Recession: layaway. Wal-Mart's layaway will kick off Oct. 17 and run through Dec. 16, but the company said it may extend the option throughout the year if the program is successful. (AP) WAL-MART BRINGS BACK LAYAWAY FOR HOLIDAY SHOPPERS PLANFROMOCTOBER 17THROUGHDECEMBER 16 WASHINGTON Associated Press Americans borrowed more money in July than any other month in more than three years. But they cut back on using their credit cards. Consumer borrowing rose nearly $12 billion in July, the Federal Reserve said Thursday. Greater demand for school and auto loans fueled the increase. A category that measures credit card use fell in July after large increas es in May and June. Total consumer borrowing increased to a seasonally adjusted annual level of $2.45 tril lion. That's barely 2 percent above the fouryear low reached in September. The increase in loans was largely because of a pickup in auto sales, said Troy Davig, senior U.S. economist at Barclays Capital. The March 11 earthquake in Japan caused a global parts shortage that left many auto dealers without popular models this spring. The supply chain disruptions have eased in recent months. The category that measures auto loans rose in July by the most in more than six years. Borrowing is usually a sign of confidence in the economy. Consumers tend to take on more debt when they feel wealthier. But an increase in credit card use can be a sign that people have fallen on harder times. Federal Reserve Chairman Bernanke said Thursday that heavy debt loads was one reason consumers aren't spending more and using their credit cards. But even taking into account debt, "households seem exceptionally cau tious," Bernanke said in a speech in Minneapolis to the Economic Club of Minnesota. Americans have been struggling this year with high unemployment, scant raises and steep gas prices. Many economists are worried that the economy is at risk of slipping into another recession. For the first six months of the year, the economy grew at an annual rate of just 0.7 percent. That's the slowest growth since the recession officially ended more than two years ago. Last week, the government said the econo my added no net jobs in August, and the unemployment rate stayed at 9.1 percent for a second straight month. It was the weakest month for hiring in nearly a year. Households began borrowing less and saving more when unemployment spiked during the recession. Credit card use fell. Economists do not expect consumers to load up on debt the way they did during the housing boom in 2006 and 2007. During that period, Americans felt wealthier and more willing to take on added debt because of the soaring value of their homes. The Federal Reserve's borrowing report includes auto loans, student loans and credit cards. It excludes mortgages and loans tied to real estate. CONSUMER BORROWING UP FOR 10TH STRAIGHT MONTH NEW YORK Associated Press Oil stayed around $89 a barrel Thursday ahead of President Barack Obama's speech on jobs and the economy. Investors hope to get a clearer picture of where the economy is headed when Obama speaks about jobs creation before a joint session of Congress Thursday night. U.S. Federal Reserve Chairman Ben Bernanke said earlier in the day in Minneapolis said the Fed will consider various ways to stimulate the economy when it meets later this month, but he gave no specifics. Obama's speech is expected to include a $300 billion plan to create jobs. He'll likely propose a series of initiatives, including extensions of the payroll tax cut and long-term unemployment benefits, tax incentives for companies to expand their workforce and money for public works projects. High U.S. unemployment and the debt crisis in Europe have kept oil between $80 and $90 per barrel for more than a month, as investors worried about diminished demand for oil and gas in the sluggish economy. Benchmark crude fell 29 cents on Thursday to finish at $89.05 per barrel in New York. Brent crude, used to price many international varieties of oil, fell $1.25 to end at $114.55 in London. Oil rose this week, mostly on expectations that the hur ricane season will continue to slow down oil production and refining, after Hurricane Irene and Tropical Storm Lee hampered operations on the East Coast and in the Gulf of Mexico. Now Tropical Storm Maria in the Atlantic is moving toward Florida, while Tropical Storm Nate churns in the Gulf, near Mexico. The government reported Thursday that U.S. oil supplies dropped by 4 million barrels last week, which was more than analysts expected. Imports were down by more than a million barrels per day, as Hurricane Irene interfered with shipping on the East Coast. The Energy Information Administration said in a separate report that natural gas supplies grew more than expected last week. Meanwhile, gasoline pump prices held steady at a national average of $3.655 per gallon, according to AAA, Wright Express and Oil Price Information Ser vice. A gallon of regular is nearly 98 cents higher than a year ago. In other energy trading, heating oil fell 3.13 cents to end at $3.0443 per gallon and gasoline futures gave up 2.28 cents to finish at $2.8852 per gallon. Natural gas increased 4 cents to end the day at $3.980 per 1,000 cubic feet. OIL AROUND $89 AHEAD OF OBAMA SPEECH ON JOBS

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WASHINGTON Associated Press STRUGGLINGto fix the sickly economy, President Barack Obama was appealing for support from a divided Congress Thursday night for a battery of ideas to create jobs quickly and keep more cash in the pockets of dispirited Americans. His message to Republican lawmakers: This is your mess to clean up, too. Obama's furious push on employment, his latest stab at the defining issue of his presidency, aimed to shore up his chances of keeping his own job next year. He must stem eroding confidence in his lead ership as the public mood darkens and Republican presidential challengers assail his record. Ina nationally televised address to Congress, Oba ma was expected to announce a program of tax cuts, construction spend ing, unemployment aid and money for states. The core elements include extending the current reduction in the amount of Social Security payroll tax that workers pay, and expanding jobless benefits for those who can't find work month after month. The cost was expected to be at least $300 billion, and perhaps more. Obama was to promise a way to pay for it without sinking the nation deeper in debt. In the best case, such a package could provide help that people would feel in their daily lives. It would boost consumer and investor confidence and spur hiring. Yet even that might not help the recovery enough to assuage the millions of unemployed, let alone sat isfy voters. And that's assuming Obama gets what he asks from Capitol Hill. His plan would require approval by a Congress that is deeply divided, with many House Republicans strongly opposed to his efforts. To pay for his plan, Obama will challenge a new debt panel in Con gress to go beyond its charge of identifying $1.5 trillion in deficit reduction, so the extra savings could offset the cost of shortterm stimulus ideas. That panel met for a first time Thursday, members expressing determination but facing a demanding assignment. Obama was expected to propose paying for some of his jobs initiatives by closing corporate tax loop holes and increasing taxes on wealthier Americans, measures he failed to win during summer negotiations over increasing the nation's debt ceiling. Offsetting some costs of his economic plan with new tax revenue is likely to meet stiff resistance from Republicans. But the White House has argued that the public has supported a mix of spending cuts and revenue as a way to avoid higher deficits. White House Chief of Staff William Daley said before the speech that wealthy Americans "ought to pay a little more." The American public is weary of talk and wary of promises that help is on the way. About 14 million people are unemployed. There is just one job opening avail able for every four job seekers, on average, in the richest nation on earth. In one striking sign of discontent, nearly 80 per cent of people think the country is headed in the wrong direction. That's about the same level of pessimism as when Obama took office. It reflects both persistently high unemployment and disgust with Washington infighting.Re-electionNo incumbent president in recent history has won re-election with the unemployment rate anywhere near the current level, 9.1 percent. Writ large, Thursday night was about more than a speech or plan, suggesting whether the nation's leaders can agree on any ways to help a nation in economic peril. Some Republican lead ers, under their own pressure from constituents to get results, offered signs of compromise before Obama spoke. "The American people want us to find common ground, and I'm going to be looking for it," House Speaker John Boehner told reporters. The top Republican in the Senate, Mitch McConnell, wasn't so upbeat. He cast Obama's expected ideas as retreads, saying: "This isn't a jobs plan. It's a re-election plan." Obama chose not just to give a speech but to con vene Congress, allowing him to challenge House Republicans on their own turf. The strategy is to appeal to the lawmakers in front of him to pass a deal and to try to show the voters watching at home, particularly inde pendents, that he isn't the one to blame for inaction. Republicans had no interest in lining up a formal response to Obama. At least a few of them were staying away altogether. "Every time somebody skins their knee, his reaction is to hold a big speech," said Rep. Joe Walsh, R-Ill., who planned to be back in his suburban Chicago district meeting with small-business owners. "He's cheapened the very notion of a joint session of Congress." Boehner encouraged members of his party to attend. The coming weeks could be the only window for bipartisan action on jobs before the 2012 presiden tial campaign swallows everything. Obama took office in the midst of recession that began in December 2007 and ended in June 2009, costing America a staggering 7.5 million jobs. Even though many voters are spreading blame around, Obama owns the economy now and his political strategy of putting the onus on Congress holds risk. If nothing comes of his jobs program and he tries to blame Congress, he will still be the most identifiable target for voter ire. White House officials said Obama would formally send his plan coined by the administration as the American Jobs Act to Congress next week. The Democratic House leader, Nancy Pelosi, lobbied leaders of her caucus to push for legislative hearings and votes quickly. Before he spoke, Obama got a tough preview from a member of his own party, Rep. Maxine Waters of California. She has been pressing Obama to pay more heed to the plight of black Americans, whose unemployment rate stands at 16.7 percent. "There are roughly 3 million African Americans out of work today, a number nearly equal to the entire population of Iowa," Waters said. "I would suggest that if the entire population of Iowa, a key state on the electoral map and a place that served as a stop on the president's jobs bus tour were unemployed, they would be mentioned in the president's speech." BUSINESS THE TRIBUNE FRIDA Y, SEPTEMBER 9, 2011, PAGE 7B IN THIS SEPT. 9, 2009 file photo President Barack Obama is greeted on Capitol Hill in Washington after delivering a speech on healthcare to a joint session of Congress. (AP)

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By BRENT STUBBS Senior Sports Reporter bstubbs@tribunemedia.netTrevor Barry has certainly not allowed his success at the 13th IAAF World Championships in Athletics to get to his head. Fresh off his bronze-medal performance last week in Daegu, South Korea, Barry was back in action yesterday at the Weltklasse Zrich Diamond League Grand Prix meet in Switzerland where he led a small contingent of Bahamians with a second place finish in the men's high jump. Short of his personal best of 2.32 metres or 7-feet, 7 1/4-inches that landed him the only spot for the Bahamas on the medal podium in the colourful Daegu Stadium, Barry soared 2.30m (7-6 1/2) (his previous PR) to trail Dimtrios Chondrokokis of Greece. Chondrokokis elevated to the top of the chart with a leap of 2.32m (7-7 1/4). "It feels good to be back in action after the World Championships," Barry told The Tribune during a brief interview after the event. "I feel more confident with this field of high jumpers. I also feel more relaxed approaching the higher bars." Also competing in the event was Donald Thomas, while quarter-miler Chris 'Fireman' Brown and sprinter Debbie Ferguson-McKenzie returned to action in their specialties after their sub-par appearances in Daegu. In the men's high jump, four competitors were tied at 2.28m (7-5 3/4) with Ivan Ukhov of Russia taking third and American Jesse Williams settled for fourth. Dmytro Dem'yanyuk of the Ukraine was fifth and Mutaz Essa Barshim of Qatar got sixth. Ukhov was tied for fifth in Daegu, while Williams was the gold medallist. Dem'yanyuk was tied for 12th and Essa Barshim was seventh. "The competition was a bit mediocre. There are at least five guys capable of jumping 2.34 (7-8) or better. I was a bit surprised that 2.32 (7-7 1/4) won," Barry noted. "With Jesse Williams and (Andrey) Silnov (of Russia) both tied for first with nine points a piece in the Diamond League, I was almost certain that 2.36 (7-8 3/4) or better would have THETRIBUNE SECTIONE FRIDAY, SEPTEMBER 9, 2011 INSIDE TRAK TTUURRNN TTOO 33EE......TTUURRNN TTOO 44EE......TTUURRNN TTOO 55EE...... JAMAICAN RUNS PB 9.82 IN THE 100MARSENAL LOOKS TO NEWCOMERS TO SPARK IMPROVEMENTUS OPEN: MOVED TO TINY COURT 13, RODDICK GETS THE VICTORY EUROBASKET: RUSSIA AND MACEDONIA REACH THE QUAR TER FINALS TTUURRNN TTOO 77EE.. LOCAL GOLF PRO Nelson Ranger (right) sits in a golf cart with participants in the 3rd annual Nelson A Ranger Summer Golf Camp at Sandals Emerald Bay resort in Exuma. The camp, attended by children in Exuma between the ages of seven and 17, was deemed a huge success by Ranger and the organisers. SEE FULL STORY PAGE 2E, MORE PHOTOS ON 8E Happy campers hit green with Ranger By RENALDO DORSETT Sports Reporter rdorsett@tribunemedia.net WITH the NBA lockout forcing even some of the leagues top stars to consider playing in other leagues across the globe, D-League prospects like the Bahamas Bennet Davis continue to accept opportunities in Europe. Davis journey continues in Finland as he signed with KTP Basket, Kotka of Finland Korisliiga. Korisliiga is the top league of basketball in Finland, comprising the top 12 teams of the country. In the current format, each team plays all other teams twice in the regular season, both at home and away. The top eight teams continue to the playoffs. Davis made the move to Finland after successfully recovering from a leg injury he sustained in the DLeague last season. He was waived by the Utah Flash after he suffered a stress fracture in his right leg and was sidelined for approximately two months. Davis, 26, started in eight of the nine D-LEAGUE PROSPECT BENNET DAVIS SIGNS WITH TEAM IN FINLAND BENNET DAVIS BENNET DAVIS in action. S S E E E E p p a a g g e e 3 3 E E By RENALDO DORSETT Sports Reporter rdorsett@tribunemedia.net WITH the NCAA sporting calendar under way for the fall 2011 semester, football is the first major sport contested. And one Bahamian is looking to take a more prominent role with his club. August Campbell began his red shirt sophomore season with the Duke Blue Devils last weekend as teams kicked off their 2011 campaigns around the country. The Blue Devils fell in a close 23-21 loss to the Richmond University Spiders at Wallace Wade Stadium in Durham, North Carolina. Campbell, in his role as the gameday starter, made an impact on the stat sheet with five tackles in his move from linebacker to safety. The Blue Devils next match up will be at home AUGUST MAKING HIS PRESENCE FELT WITH BLUE DEVILS S S E E E E p p a a g g e e 3 3 E E S S E E E E p p a a g g e e 3 3 E E CAMPBELL STILL JUMPING HIGH, BARRY GETS SILVER IN SWITZERLAND TREVOR BARRY in Daegu. (FILE)

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LOCAL golf pro Nelson Ranger made an effort to teach his discipline to a new group of potential athletes in the Family Islands by hosting the third annual Nelson A Ranger Summer Golf Camp at Sandals Emerald Bay resort in Exuma. The golf camp, attended by children in Exuma between the ages of seven and 17, was deemed a huge success by Ranger and the organisers. A former junior golfer, Ranger said he was a product of such a camp and knows its importance. And he is dedicated to hosting the camp over consecutive summers with the help of a number of corporate sponsors. The camp combines sports with education and every session began with a lecture on the importance of education, discipline and respect for each other. In the past three years, the camp has given each camper a certificate of attendance and there was also an award for best female and male camper. In addition, the camp has distributed hundreds of school exercise books, pencils, rulers and a tote bag to charities and those in attendance. Ranger said the goal of the camp was to expose all children to other alternative sports and careers that they would not normally have access to in common conditions. As a new twist to this year's camp, four campers who showed that their skill level was good enough to advance further have received invites to take free private golf lessons twice per month at the resort. PrivilegeTheir golf privilege will have to be matched by a 3.0 grade point average in the classroom in an effort to pro duce productive citizens and great golfers. With the support of our sponsors, they have launched the Nelson A Ranger Scholarship Fund which will be used to assist college-bound Exumians. Persons interested in assisting with the fund can send an e-mail to exumagolf@gmail.com Parents who may need financial assistance for college, please send a copy of their childs transcript to exu magolf@gmail.com Ranger will expand his camp by introducing junior golf to Abaco during the last weekend of October, to be held on the first and third Saturday each month. Event sponsors included Sandals Resort Exuma, The Royal Bank of Canada, Sky Bahamas Limited, H G Christie Realty, 98.3 The Breeze Radio, Grand Isle Resort, Thompsons Car Rentals, Horizons Academy, Peace and Plenty Hotel, Chat n Chill, Grand Isle Resort, Exumas Local Government Department, Mount Herman Baptist Church, Exuma Markets, Sea Side Realty, CNK Liquors, Felix Stubbs and Images by Alexander. This years camp instructors included Ranger, Rudy Rolle, Steven Pedican, Preston Gray and Allan JJ Dames, while other volunteers included Magnolia Morley, Janet Watts and LaTysha Ranger. SPORTS PAGE 2E, FRIDAY, SEPTEMBER 9, 2011 TRIBUNE SPORTS LOCAL GOLF PRO NELSON RANGER HOSTS EXUMA CAMP CERTIFICATE OF ATTENDANCE: Local golf pro Nelson Ranger presents a certificate of attendance to the best female camper. HAPPY CAMPERS: Participants in the 3rd annual Nelson A Ranger Summer Golf Camp at Sandals Emerald Bay resort in Exuma. LOCAL GOLF PRO Nelson Ranger (left) presents a certificate of attendance to the best male camper.

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F F R R O O M M p p a a g g e e 1 1 E Eagainst the Stanford University Cardinals on September 10. An imposing force in the defensive secondary at 6' 3" and 225 pounds, he registered a 4.43 in the 40-yard dash and a 40-inch vertical jump in post spring practice testing. In his first full season with the Blue Devils, Campbell played in 10 games with two starts, against inter conference ACC rivals Boston College and North Carolina. Following his position change from linebacker to safety, he finished the season with 10 tackles, two for losses, one quarterback sack and one fumble recovery. Against Boston College, he had his biggest highlight reel play of his young career when he set the school record for longest fumble return for a touchdown with a 95-yard score. It surpassed the previous 54-year-old school record of 77 yards set by Ed Rushton against Pittsburgh in 1956. He was on the field for 205 total snaps, including 97 defensive plays. In his freshman campaign, Campbell played in three games at Army, Kansas and North Carolina Central but missed the remainder of the season due to a shoulder injury and was granted a hardship waiver. The 21-year-old left for the US as a baseball player after a promising early career on the diamond in Freeport, Grand Bahama. Campbell starred in base ball for Christ School in North Carolina before making the transition to football. He was a three-year letterman at Christ School, three-time allconference and two-time allstate selection. His stellar senior campaign, which led to his signing with the Blue Devils, included 91 tackles, four sacks, three fum ble recoveries, two interceptions and an astounding four defensive touchdowns. He helped lead Christ School to consecutive state playoff berths in 2007 and 2008 and his high school career totals include 237 tackles, 16 sacks, seven interceptions, seven fumble recoveries and six defensive touchdowns. By GRAHAM DUNBAR AP Sports Writer ZURICH (AP) All swagger after his gold medal at the world championships, Yohan Blake ran a personalbest 9.82 seconds Thursday to win the 100 meters at the Weltklasse meet. The 21-year-old Jamaican stumbled slightly out of the blocks and had no wind assistance on a still night. He beat his best time by 0.07 seconds. "I knew I had this in me. I wanted to show people I can do it and run under pressure," said Blake, who seized the world title last week in Daegu, South Korea, after training partner Usain Bolt was disqualified for a false start. "I feel fast. I feel like I can lift up a mountain, but being a champion that is how you feel." Asafa Powell of Jamaica was second in (9.95) and Wal ter Dix of the United States was third in 10.04. Another young world champion to shine in a starstudded Diamond League lineup was Kirani James in the 400. The 19-year-old from Grenada ran a personal-best 44.36 to repeat his Daegu vic tory over Olympic champion LaShawn Merritt of the US. Other world champions to win included Sally Pearson of Australia in the 100 hurdles, Mariya Savinova of Russia in the 800 and Vivian Cheruiyot of Kenya in the women's 5,000. Yelena Isinbayeva was beaten again in the pole vault, finishing third after a single clearance at 15 feet, 1 inch. American Jennifer Suhr won at 15-5. Yet it was Blake in center stage just 10 days after he was almost unknown to all but track aficionados. He had won the gold medal in 9.92 into a headwind to set his previous season best. Blake's dash in his first indi vidual race since was the fourth fastest time this year without wind. He will run his final 100 of the season at Berlin on Sunday. Powell was running with a hip injury that caused him to miss the world championships. He led halfway through but stood up straighter in the closing strides as he looked left at Blake's winning surge. Powell was followed by Dix, a worlds silver medallist. Worlds bronze medallist Kim Collins of Saint Kitts and Nevis was fifth in 10.09. In the 400, James lowered his previous lifetime best from the Daegu final by 0.24, and was just 0.01 outside Merritt's world-leading time. "I executed the race per fectly," said James, dismissing talk of a sub-44 run soon. "I will be happy to run at least 44.35 next year." Merritt lost his world title by 0.03 last week but trailed by 0.31 this time. Dayron Robles proved a point in the 110 hurdles after his worlds disqualification. The Cuban world-record holder ran his season-best time of 13.01, as gold medallist Jason Richardson of the US trailed by 0.09 in second. "Great satisfaction for me after Daegu," Robles said. Carmelia Jeter again beat American teammate Allyson Felix in the 200, winning in 22.27. World champion Veronica Campbell-Brown of Jamaica was one of the few gold medallists to miss Weltklasse. In a thrilling finish to the women's 800, Savinova outlasted Alysia Montano of the US to cross in 1 minute 58.27 seconds. Caster Semenya of South Africa was fifth. Vivian Cheruiyot of Kenya, who swept the worlds 5,000 and 10,000, ran 25 seconds faster than her Daegu time winning the 5,000 in 14:30.10 seconds. World champion Ezekiel Kemboi won the 3,000-meter steeplchase in 8:07.72, and Kenya also took the men's 1,500. However, gold medallist Asbel Kisrop was seventh as Nixon Chepseba won in 3:32.74. Jamaica's Kaliese Spencer reversed 400 hurdles form after being fourth in Daegu. Spencer clocked 53.36 to edge silver medallist Melaine Walker into second, with world champion Lashinda Demus of the US third. Ngonidzashe Makusha of Zimbabwe, the worlds bronze medallist, won the long jump with an opening leap of 26-3. Four-time world champion Dwight Phillips of the US was fourth, at 25-10. Dimitrios Chondrokoukis of Greece had a lifetime best leap of 7-7 to win the high jump, and two-time world champion Robert Harting of Germany won the discus. Christina Obergfoell of Germany won the javelin at 228-3. SPORTS TRIBUNE SPORTS FRIDAY, SEPTEMBER 9, 2011, PAGE 3E ON A ROLL: Jamaican Yohan Blake wins the 100 yesterday in front of compatriot Asafa Powell (left) and Walter Dix (right) during the IAAF Diamond League meeting in Switzerland. (AP) D-LEAGUE PROSPECT BENNET DAVIS SIGNS WITH TEAM IN FINLAND games that he played with the Flash. He held season averages of 8.6 points and 6.1 rebounds per game. Davis, after spending several months playing in Hungary, returned to the DLeague's Utah Flash for his third season with the subsidiary of the NBA's Atlanta Hawks and Utah Jazz. In October of 2010, he signed with MJUS-Fortress Kormend of Hungary in the Division A League and made an immediate impact with the club. However, after almost three months, he chose to return to his former DLeague club. In his initial season with the Flash, Davis started just 14 games and averaged 6.5 points and 3.5 rebounds. In his sophomore campaign, he doubled productivity in both areas with averages of 13.7 points and 7.7 rebounds while shooting 41 per cent from the field. He was then invited to a DLeague prospect training camp where his play led to his selection as the 41st pick of the Draft by the Flash. Davis briefly flirted with an NBA contract when he was called up by the New Jersey Nets prior to the 2009-10 season. He appeared in a single preseason game, totalled a single rebound in just four minutes of action against the New York Knicks and was waived on October 22. His most notable D-League achievement came when he was named to the NBA DLeague's Select team which competed against some of the league's best rookies and young talent at the 2010 Las Vegas Summer League. F F R R O O M M p p a a g g e e 1 1 E E YOHAN BLAKE RUNS 9.82 PB IN SWITZERLAND AUGUST C AMPBELL By RENALDO DORSETT Sports Reporter rdorsett@tribunemedia.net THE Broadcasting Corporation of the Bahamas in conjunction with the Frank Hanna Octoberfest are preparing to host another edition of the now highly anticipated event on one of the countrys fastest developing islands. Event organisers promise this years event, set for October 27-29, will be even more exciting than last years with part proceeds going to assist the building of a new library in North Andros and sponsoring two scholarships at the Bahamas Technical and Vocational Institute. The schedule of events includes volleyball, basketball, a fishing tournament, childrens activities and music concerts.CorporationThe Broadcasting Corporation of the Bahamas and a myriad of corporate sponsors have ensured the success of the event, to be held at the Regatta Site in Morgans Bluff. Along with the sporting events, Octoberfest will have local food and musical and cultural performances. Jeff Rodgers, special projects manager/marketing and sales at the Broadcasting Corporation of the Bahamas, said that they have been hosting a number of town meetings in North Andros, bringing the community together to get them more involved in this event. I think that this is what is going to make this event successful, Mr Rodgers said. It is not your regular event, where you have organisers come in, host the event and then move out. What we decided to do is to touch base with all of the folks in the community, let them bring their ideas to the table, show them some opportunities where they could benefit financially. I think that this is what builds excitement and makes it different from the other events they might host on the island, he said. The folks who are going to benefit the most from this event are the people who live right there in Andros. We have a full weekend of activities for everyone to get involved in. We believe that it is going to be a knockout. This is going to be like their Christmas, their birthday, everything in one and just six weeks before the Christmas season, Mr Hanna added. The people of Andros really appreciate this. O O C C T T O O B B E E R R F F E E S S T T S S C C H H E E D D U U L L E E Thursday, October 27 Gospel Concert Friday, October 28 Beach Volleyball, Basketball, Deep Sea Fishing, Sunfish Sailing tournaments. Official open ing ceremony at 6pm. Concert featuring Ira and the Spank Band, Geno D and Elon Moxey. Saturday, October 29 Continuation of tournaments. Concert featuring Ira and the Spank Band, Geno D and Elon Moxey. DJ Competition. FRANK HANNA OCTOBERFEST GOING TO BE A KNOCKOUT Felip Major/Tribune staff THE ORGANISERS: Shown (l-r) are entertainer Geno D, Dr Moxey Brown, director of culture, Mrs Indira Rolle of Scotiabank, Jeff Rodgers, Vanda Rahming, North Andros chief councillor, Frank Hanna, Darnell Frazer and Keishel McAlpine of Bahamas Ferries. S TILL GETTING UP HIGH, TREVOR BARRY SOARS FOR THE SILVER been the winning height tonight. Tonight's field was identical to the world championship final." Barry is now sitting in ninth place in the Diamond League points standings with four, but his arch-rival Grand Bahamian Donald Thomas finished 10th at the bottom of the pile of six competitors at 2.25m (7-4 1/2). He's not listed in the top 11. Thomas, the world champion in 2009 in Osaka, Japan, was 11th in the final in Daegu with just 2.25m (7-4 1/2). He dominated the previous meetings against Barry, including both the Central American and Caribbean Championships and the Commonwealth Games last year. "Its not all about the victory over Donald, but competing to the best of my ability," he said. In the men's 400, Brown ran 45.47 for a fifth place finish behind four finalists at the Worlds. Although his time wasn't faster than the 45.54 he did for third in his heat, Brown improved on his ninth place finish overall in the men's semifinal as he fell just shy of earning a spot in the final. Grenada's 18-year-old rising star Kirani James posted an impressive 44.36 to secure another win over American LaShawn Merritt, but low ered his own national record in the process. Merritt, the worlds silver medallist, ended up second in 44.67. Jamaican Jermaine Gonzales, who was fourth in Daegu, came in third in 45.39 and Rondell Bartholomew, the sixth place finisher for Grenada in Daegu, was fourth in 45.43. Brown is now in third place in the Diamond League standings with six points, the same as fourth place Merritt. James leads the pack with 12, followed closely by Gonzales in second with 11.StepAs for the women's 200, FergusonMcKenzie moved up one step with her fifth place finish in 22.82. The 35year-old veteran sprinter was sixth at the Worlds. American Carmelita Jeter, the Worlds 100 champion and 200 silver medallist, won the race in 22.27 over her compatriot, Allyson Felix, the Worlds bronze medallist and 400 silver medallist. Felix clocked 22.40 for second. Third went to Jamaican ShellyAnn Fraser-Pryce, the Worlds 100 fourth-place finisher. American Shalonda Solomon was fourth in 22.63, the same position she got in Daegu. Ferguson-McKenzie is in fourth place in the Diamond League standings with three. A trio of Americans Jeter with 11 in first and both Bianca Knight and Felix in second and third with 10 each leads the way. Fraser-Pryce, Solomon and Jamaican Kerron Stewart are fifth, sixth and seventh respectively with two each. The next event on the IAAF calendar is the ISTAF (IAAF World Challenge Meeting) in Berlin on Sun day. F F R R O O M M p p a a g g e e 1 1 E E

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SPORTS PAGE 8E, FRIDAY, SEPTEMBER 9, 2011 TRIBUNE SPORTS LOCAL GOLF PRO NELSON RANGER HOSTS CAMP IN EXUMA THE CAMP hosted at Sandals Emerald Bay resort in Exuma, was deemed a huge success by local golf pro Nelson Ranger and the organisers. CAMP SUCCESS: The 3rd annual Nelson A Ranger Summer Golf Camp was attended by children in Exuma between the ages of seven and 17.


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