N ASSA U AND BAHAMA ISLANDS LEADING NEWSPAPER Volume: 107 No.237MONDAY, SEPTEMBER 12, 2011 PRICE 75 (Abaco and Grand Bahama $1.25 WEATHER MOSTLY SUNNY HIGH 90F LOW 78F A WOMAN and baby came under fire in the week e nd shooting that left a man accused of murder fighting for his life in hospital yesterday. The triple shooting is the latest attack against a sus pect on bail amidst growing c oncerns that the judicial p rocess is in urgent need of amendment. According to police r eports, the victims were gunned down in their Montagu home at Johnson Ter r ace off Johnson Road shortly after 4am Saturday. Up to press time, police could not confirm the rela tionship between the woman, one-year-old girl, and the shot murder suspect. R etaliation, drugs, and r elated conflict account for TRY OUR PINA COLADA McFLURRY The Tribune THEPEOPLESPAPER BIGGESTANDBEST LATESTNEWSONWWW.TRIBUNE242.COM INSIGHT N N O O M M E E R R C C Y Y F F R R O O M M O O I I L L G G I I A A N N T T S S NEWSFROMNEWZEALAND R R U U G G B B Y Y W W O O R R L L D D C C U U P P : : U U . S S . B B E E A A T T E E N N SEEINSIGHTONPAGE12B SEESPORTSSECTIONE Baby injured in triple shooting One-year-old girl, w oman, m urder suspect shot EIGHTEEN PEOPLE are homeless after a day-long blaze ravaged a neighbourhood in Nas sau Village yesterday. The fire lasted 16 hours, according to Fire Services, which reported that two homes and a car were destroyed. Two additional houses received minor damages. Fire offi cials said that all four trucks were deployed to tackle the flames after an alarm was raised at mid night on Friday. The blaze continued until shortly after 4pm Saturday. Further details could not be obtained up to press time. SEEPAGETWO FIRE LEA VES 18 PEOPLE HOMELESS FELIPE MAJOR/TRIBUNE STAFF SEE page 11 By AVA TURNQUEST Tribune Staff Reporter firstname.lastname@example.org THE country is reaping the benefit of leveraging its UN s upport through economic and technical agreements with the Chinese government. Total investment from China in the Bahamas is now at $2.66 billion, Deputy Prime Minister Brent Symonette confirmed. The latest Economic Technical Cooperation Agreement, w hich was signed this weekend at the Atlantis on Paradise BAHAMAS SIGNS FUNDING DEAL WITH CHINESE GOVT TOTAL INVESTMENT NOW AT $2.66BN By NOELLE NICOLLS Tribune Staff Reporter email@example.com THE Bahamas does not shrug off the threat of terrorism at its ports, said Nation al Security Minister Tommy Turnquest as he recalled the tenth anniversary of the Sep tember 11 terrorist attack on New Yorks Twin Towers. B AHAMAS DOES NOT SHRUG OFF TERROR THREAT SEPTEMBER 11 ATTACKS ANNIVERSARY SEE page six THE real crime concern for the countrys top national security boss is fatal robberies or random killings that take the life of innocent Bahami ans. Where there are a lot of bad boys killing bad boys, according to Minister of National Security Tommy FATAL ROBBERIES, RANDOM KILLINGS ARE THE REAL CRIME CONCERN LAST night police were seeking public help to find the persons responsible for the drive-by shooting of a man on East Street in the area of Hay Street at 5.30pm yesterday. According to the police a 40year-old man was at East Street when the occupants of a black four-door Honda Accord fired gunshots in his direction, hitting him in the ankle. The vic tim was admitted to hospital where he is in stable condition. MAN IN HOSPITAL AFTER DRIVE-BY SHOO TING SEE page 12 SEE page 12 By NOELLE NICOLLS Tribune Staff Reporter firstname.lastname@example.org THE Inter-American Development Bank is prepared to investigate any claims of unethical behaviour or fraud once an official complaint is filed, said bank officials. Astrid Wynter, IDB country representative, said there has been no trigger that would cause an investigation into any of the co-sponsored projects with the Ministry of Education (MOE INTER-DEVELOPMENT BANK PREPARED TO INVESTIGATE ANY FRAUD CLAIMS SEE page 11
LOCAL NEWS PAGE 2, MONDAY, SEPTEMBER 12, 2011 THE TRIBUNE SCENES of devastation after a fire in a Nassau Village neighb ourhood yesterday. E ighteen people were left homeless after the blaze, which lasted for 16 hours, according to Fire Services. Felip Major /Tribune staff FIREDAMAGEAT NASSAUVILLAGE
THE Bahamas will not stop in its efforts to improve its financial services sector until it is on the lips of top executives within our country and around the world asa choice jurisdiction in and from which to operate, Prime Minister Hubert Ingraham said. Suffice it to say that we a re keen on making this c ountry a platinum choice for conducting international business, Mr Ingraham said at the 35th annual Present ation of Awards Ceremon y Bahamas Institute of F inancial Services at the S heraton last night. M r Ingraham said his G overnment is committed to ensuring that the whole of The Bahamas financial services sector is properly and adequately regulated so that the interests of Bahamian citizens, residents and international clients as well as the financial services providers are protected. T he prime minister said to make the Bahamas a platinum choice, it requires continuous update and reform of the laws and regulations governing the sector. We fully appreciate t he challenges ahead in d oing this but we are f ocused on this aim. Reforms to our business licence laws and procedures, reforms to Central Bank l aws, regulations and proced ures, reforms to financial s ervices related laws, introd uction of e-Government, a mendments and fine-tuni ng our immigration procedures to better meet the needs of our business, and expanded customer service training within the public sector are all aimed at mak-i ng it easier and more profitable to conduct business within and from within our nation, he said. Mr Ingraham said his Government has received both quiet and noisy advice a bout what it should do to i mprove this sector. I believe that our record demonstrates that we have taken on board any number of such recommendations. W e will continue to do s o. We value input from all s ources and give considerat ion to all, including those w hose veracity and reliability we may initially question, he said. TWO teenagers a 17year-old boy and a 15-yearo ld girl are in hospital after b eing stabbed in two separ ate incidents on Wulff Road over the weekend. Police reported that the 15-year-old was at Lollipops Lounge on Wulff Road with another girl when she was approached by two other girls and subsequently stabbed several times. The victim is detained in hospital in stable condition. The 17-year-old boy was reportedly stabbed in his back during a brawl with a group of men on Wulff Road on Saturday at around 11.20pm. The victim was taken to hospital by emergency med ical personnel where he is detained in stable condition. POLICE are investigat ing the alleged drowning of a 68-year-old man in Exu ma. The incident occurred sometime around 11am on Friday at a beach in the S tocking Island Cay chain. A ccording to reports, the v ictim a resident of Hermitage, Central Exuma was swimming with relatives and friends when the incident occurred. Police inves tigations continue. POLICE are requesting the publics help in locating a suspect who held up a clothing store with an ice pick. According to police reports, a man wearing orange trousers and a white T-shirt entered Nellies Fashion on Balfour Avenue and Key West Street at around 4.15pm. Brandishing an ice pick, the thief robbed the establishment of cash and escaped on foot south on Florida Court. LOCAL NEWS T HE TRIBUNE MONDAY, SEPTEMBER 12, 2011, PAGE 3 AS Baha Mar opens a new westbound lane to ease traffic on the Cable Beach strip, represen-t atives of the mega resort project said road works are on schedule and should be completed by November 4. The purpose of opening this westbound lane is to allow us to get to the scope of work we need to do on the eastbound lane. This lane is phase two of the overall management plan for the roundabout by the Sheraton, said Frank Wood, director of non-core works at Baha Mar. It allows us access to an area to work which is where the traffic was flowing before. The westbound traffic is on the westbound lane instead of being on the eastbound lane. Its one single lane to the roundabout separated by distance rather than just cones. According to Mr Wood, the target date for completing the road works is November 4. Right now everything looks good for that d ate. We do have a few issues to work through but we can get through them to satisfy that date. Being constructed at an estimated cost of $40 million, the Baha Mar road works project was started in early summer of this year. The devel opers said they are pleased that a fairly good flow of traffic has always been maintained. It is estimated that the Baha Mar resort will cost some $3.4 billion. It will include almost 3,500r ooms and residences, the largest casino in the Caribbean, the largest convention centre in The Bahamas, a Jack Nicklaus signature golf course, three spas, a 20-acre eco-water park, multiple restaurants, high-end retail and entertainment venues. The project will be located along a halfmile of uninterrupted pristine beach-front. THE victims of a double shooting on Miami Street on Friday night are fighting for their lives in hospital. A man and woman were standing outside a home onM iami Street at around 10.40pm when they were approached by two men armed with handguns demanding cash. I t is unclear what happ ened during the armed r obbery, but the man and woman were both shot and sustained serious injuries. The victims were taken to hospital by emergency medical personnel. P olice are investigating a nd are appealing to members of the public who may have any information regarding this incident to contact police at 911,919, 322-3333, the CentralD etective Unit at 502-9991, 5 02-9910 or Crime Stopp ers at 328-TIPS. By DENISE MAYCOCK Tribune Freeport Reporter dmaycock@ t ribunemedia.net FREEPORT Two men were arrested and 18 kilos of suspected cocaine worth $360,000 were seized during a big drug bust on Saturday. A SP Hector Delva, assistant press liaison officer, reported that at about 1:20pm DEU officers were acting on information received and followed a vehicle travellingo n East Sunrise Highway, heading east onto Seahorse Drive. On reaching the L ucaya area, officers a ttempted to stop the vehicle several times, but the driver accelerated s peed. A ccording to Delva, the vehicle stopped sudd enly in the area of New Port Condominiums where two men fled into nearby bushes. Officers gave chase a nd eventually caught b oth suspects. W hile searching the v ehicle in their presence, he said officers discove red five large taped packages of suspected cocaine. T he men were arrested and taken into custody. Investigations are continuing into the matter. By DENISE MAYCOCK Tribune Freeport Reporter d maycock@ tribunemedia.net FREEPORT A woman has died and two police officers remain in hospital following a seri o us traffic accident over the weekend. The deceased, who has n ot been identified by p olice, is classified as the sixth road death on Grand Bahama for the year. According to reports, sometime around 4.47pmo n Saturday a collision occurred at the intersec tion of South Mall and E ast Atlantic Drive involving a police cruiser licensed plate No. 232720, and a Mitsubishi Lancer licensed plate No. 17437. A male officer, accompanied by a female officer, was driving the police vehicle south on South Mall Drive.A female resident of Grand Bahama was driving the Lancer west on East Atlantic Drive. ASP Hector Delva reported that both vehi-cles were extensively damaged. The woman and the two officers were injured and taken to Rand Memorial Hospital for medical treatment. Investigations are continuing into the accident. TEENS IN HOSPITAL AFTER STABBING D OUBLE SHOOTING V ICTIMS FIGHT FOR THEIR LIVES TWO ARRESTED AFTER $360,000 OF SUSPECTED COCAINE SEIZED WOMAN DIES, POLICE OFFICERS IN HOSPITAL AFTER TRAFFIC ACCIDENT PM: BAHAMAS WILL NOT STOP EFFORTS TO IMPROVE FINANCIAL SERVICES SECTOR WEAREKEENONMAKINGCOUNTRYA PLATINUMCHOICEFORCONDUCTINGBUSINESS PRIMEMINISTER Hubert Ingraham
E DITOR, The Tribune. PLEASEpublish an open letter to the Prime Minister. D ear Mr Prime Minister, H ow is it that in this count ry of ours, persons are a llowed to get away with music in vehicles so loud that it shakes the earth and the sky? Do they pay more to licence such vehicles pay more for such a right, for such a ride pay more to m ake life for others of us so u ncomfortable more than what is paid by the rest of u s with nothing at all in excess with nothing out of t he ordinary? It seems entirely unfair to the rest of law-abiding us t hat these persons are allowed to get away with t hese excesses. This though is one of the big problems in Bahamaland. What are the standards? What is the uniform? How ought aB ahamian to behave in The Bahamas? Why is more not d one to establish and to m aintain such a code? Such persons are being a llowed to get away with murder, as the saying goes. W hy are such extremes in behaviour allowed more andm ore to become habit? I tell y ou and you know very well already, that when behav i our is allowed to become i ngrained as it were like a stain it is that much more difficult to undo that much more difficult to get out ort o uproot. I see around me and from year to year and more andm ore, the worst habits the worst practices allowed to go unchallenged. Why these are so blaring for me isb ecause this is so contrary t o how I was brought up. This is so contrary to how discipline is established. I was disciplined because I was loved. We discipline our children because we love them. Are we to concludet hat the children or citizens o f this nation of ours are not loved? Do they love their nation to abuse it and to traumatize it as they do? Would someone who loved his land or her land litter asI see people do young and old male and female? They just drop or fling anyt hing anywhere. There is this entire dynamic that I see that is not b eing addressed in the n ation building process. W hat is addressed? Murder. A lot of attention is given a fter someone is a murderer o r a murder victim. These murders though are tied to littering are tied to this excessively loud music that is allowed to go unchallenged that is not addressed. W hy does The Bahamas h ave the law not yet come which disallows cigarette smoking in public places and why is the law concerning b urning or lighting fires w ithout a permit not e nforced? I see your gove rnment and you react to w hat you consider the big t hings the economy and crime when it is out of hand. What I do not see is enough attention being paid to the fine things the finer things the finest things. The fine negative things a s well as the fine positive things are as if occurring in a world apart. You neglect thet hings I complain of above a nd you neglect the nations a rtists and the nations art. You neglect the nations poetry and the nation's poets. The country I live in as an artist, with the beauty I labour to make and to add, a nd with the things which a re offensive to my soul w hich offend me to the core, a re as if occurring in a world or in a country apart from the one you govern. I have been wondering, along with another artistfriend, from a prominent political family, I might add, i f it is even worth it to regist er or to vote. It shall make no difference for us one way o r another whether the FNM or the PLP is in powe r. What do they care of what our concerns are? What do they care for our r efinement and sensibilities or for a refined nation where i t is Paradise not just for tourists but for us all? This is a rough, harsh place we live in and our politicians seem to like it justs o. It might be because of how well paid you are once y ou are in power. You can a fford to live away apart from the harsh reality of the l ife most of the rest of us have to deal with have to f ace. O BEDIAH SMITH Nassau, S eptember 7, 2011. EDITORIAL/LETTERS TO THE EDITOR PAGE 4, MONDAY, SEPTEMBER 12, 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 GOVERNMENT announced Friday that Pan-American Health Organisation PAHO personnel have been in the Bahamas for the past two weeks to advise on the control and eventual elimination of the dengue-bearing mosquito. A PAHO representative also confirmed that in the past few weeks there has been a decline in the number of dengue reported cases. The Ministry of Health has also confirmed one dengue death. A spokesman said it is now awaiting the results of two other cases before it can say with certainty whethera mosquito bite was the cause. However, doctors are concerned about these figures. Among the medical fraternity the chatter is that there have been at least 30 dengue related deaths. Many doctors are satisfied that dengue is either the direct cause of these deaths, or the underlying spark that triggered a flare up in a pre-existing illness, resulting in death. We were told of a recent case of a woman, who was reported to have either died in her doctors office or become very ill there. She was so ill that resuscitation was necessary. When examined it was discovered that her blood pressure was not only very low, but her platelet count was nearing zero. A normal platelet count is 150 and above. Several doctors are satisfied that dengue caused her death. Dr Delon Brennen, deputy chief medical officer, said last week that 10 confirmed dengue haemorrhagic fever cases have been reported in the Bahamas. This is by far the most serious strain of the disease and can be fatal. It is accompanied by massive internal bleeding and usually occurs after a person, who has been previously infected by one strain of the virus, is bitten again, becoming infected by another strain. This is serious and can cause death. This is the first time that the Bahamas has had a dengue outbreak of epidemic proportions. However, it is common in other Caribbean countries. Presently there are about 10 Caribbean countries fighting the outbreak. A couple who lived in Trinidad for a num ber of years said that twice weekly every year a large truck drove slowly down their road spraying they did not know what for, but now presume it was for dengue. A couple of times a year, a crop duster fogged the whole island from the air. It has been suggested that aerial spraying should be done over the lakes and all the wooded mangrove areas on the western end of New Providence. A Bahamian reported that there is a lot of stagnant water in the Sandyport area that could be a threat to residents. PAHO also advised government to increase fogging to twice a day. However, it was the belief of someone from another dengue-plague Caribbean country that spraying is just a psychological band-aid that makes people feel that something is being done. He hadnt much faith in spraying alone, believing the only way to eliminate the mosquito was for every resident in the Bahamas to remove all breeding areas on their property. Bahamians have to take responsibility for their own area and if each person did that the whole island would be clean. For a start all standing water, no matter how small, must be removed. All property has to be regularly maintained to cut down all tall grass, undergrowth and shrubbery. On the Eastern Road yesterday morning Sunday, no less, although a government minister declared last week that no one works on Sunday several men were hard at work raking up the debris from Hurricane Irene, bagging the leaves and branches, ready for pick-up by garbage collectors. Derelict vehicles, old car tyres and anything that can collect water has to be removed. Unused swimming pools have to be emptied and any water that collects, for example in tanks, should be treated with chlorine/bleach. Government inspectors will have to make certain that slum areas are cleaned and all water removed. Education is also important and government has already started a Fight the Bite campaign, which will be taken to the schools and into the communities. In other words, Bahamians have to clean up their island if they want to rid themselves of the deadly bite. They have to make certain that no mos quito is multiplying in their yard. In the long run, said Dr Robert Lee, health disease adviser, government has to ensure a continuous water supply to all houses to prevent people from collecting water in their backyards. Heath Minister Dr Hubert Minnis said that the Fight the Bite campaign will inform people on how they can best assist the government in this fight. We cannot do this alone, he said. We need the public's support. Fogging will only help if people do what they are supposed to around their homes. It only takes seven days for an egg to hatch into a full breeding adult. So we are working along with the Department of Environment, Bahamas Waste and Rotary to pass out leaflets and hold seminars so the public can be best informed on how they can help." Worst practices allowed to go unchallenged LETTERS email@example.com Ban the mosquito from your property -268(/28,6 RI ',41,7< I *$5'(16&$50,&+$(/52$'1$66$8 %$+$0$6 .(5/,1(2&7$ RI 0,$0, I 675((73%2;1$66$8%$+$0$6 EDITOR, The Tribune. I reluctantly put my pen to my paper to write this letter. This is one letter that in these trying times no Bahamian should want to write or read. This is a lettera bout apathy, insensitivity and lack of love and conc ern for our fellow Bahamians. The reasons for this letter are to comment on two things that happened very recently. I am one of a group of persons who recently lost a fellow group member. Being educated and I believe intelligent, I am totally aware that one cannot change the actions of the Almighty. I am also aware that life must go on and that individuals may each react pecu liarly, as is their right. However, I am also convinced that visible expressions of remorse, love, loss, concern and sympathy in memory of a departed fellowman are the actions of big people. With total astonishment I read in a leading local daily newspaper, about what is presently happening in Cat Island with regards to relief supplies. The report stated that almost one week after hurricane Irene devastated Cat Island, that deliveries of aid for the battered communities of southern Cat Island were further delayed this weekend as government officials refused to release the goods to the waiting volunteers.....they (volunteers water provided generators.They have also collected hundreds of dollars worth of donations for people whose homes were damagedhowever they were refused access to these items for distribution yesterday In response Minister of State for Lands and Local Government Byron Woodside flew to Cat Island to work with local government staff and NEMAHe said the donations brought in by the volunteers were marked for NEMA and therefore had to be released by NEMAs local representatives. Can you imagine going out as a humanitarian volunteer and collecting donations for your fellow mankind and recognising their acute and immediate need, being told that you cannot have access to distribute the donations you collected to give to the people for whom you collected them? That you had to wait for a NEMA representative who did not collect anything, to oversee distributing your donation? To make matters worse, reportedly when asked why the goods had been left to languish on the dock, the Minister answered: Who works on Sun days. Well Mr Minister, the answer is right in front of you, even if you and the NEMA representatives dont, the volunteers work on Sundays. To collect and hopefully to distribute their donations. They are big people. To sum it up, this open correspondence is just my effort to implore my fellow Bahamian friends and government officials and politicians, that although I and most Bahamians totally recognise that there are estab lished policies and as a common expression states to each his own we should all take time to reflect on and show compassion to our fellowmen, even if it means that on this one day or one time we would be going against the norm, that we could all be big people. ARNOLD F BAIN Jr Nassau, September 7, 2011. With a little effort we can all be big people
Island, will provide grant funding for mutually agreed projects within the range of US $4.6 to 5 million. Mr Symonette, Minister of Foreign Affairs, signed the agreement on behalf of The Bahamas and Wang Qishan, vice-premier of the State Council of the People's Republic of China, on behalf of China. The agreement will likely feature infrastructural development projects, Mr Symonette said, similar to previous agreements. When asked what China was getting from the agreements, Mr Symonette said: "A large percentage of the Caribbean supports China. In international terms, each country in the United Nations has one vote, so therefore in terms of the Bahamas leveraging that vote to get the maximum possible benefit from that, were seeing that benefit in the economic and technical agreements were having." During Mr Wangs visit, the two governments briefly discussed whole crawfish exports and easing access to the Bahamas for the Chinese people. Mr Symonette said: The Chinese are looking at importing the whole crawfish. We're looking at ways of creating the b ox, so the whole crawfish can be sent to China so that they could actually market them instead of just the tails which we are traditionally used to. Mr Symonette added: So we're looking at bringing the price of crawfish up as it has been down for several years. Mr Symonette explained that the Bahamas embassy in Beijing could not realistically service Chinas population. He said: A lot of the Chinese visitors are actually coming through either the US, getting their visas at one of our offices in the United States, or Canada. We talked briefly about the possibility of airlift either through the West Coast or through New York or Wash ington, Mr Symonette added. We look forward to developing those relations. Following the signing, Prime Minister Hubert Ingraham hosted a dinner in honour of the vice-premier and his delegation. The dignitary stopped over in the Bahamas during his travel to the 3rd China-Caribbean Economic and Trade Co-operation Forum (CCETCF will be co-hosted between his government and the government of Trinidad and Tobago i n Port of Spain, Trinidad and Tobago today and tomorrow. Representatives from The Bahamas government and the business community are also expected to attend that conference, which was hosted on New Providence last year. The Bahamas and the People's 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. Notable projects include the Thomas A. Robinson National Stadium and the Airport Gateway Project. LOCAL NEWS PAGE 6, MONDAY, SEPTEMBER 12, 2011 THE TRIBUNE THE Advisory Youth Council of the Bahamas has carried out an assessment of all high schools in the Bahamas and has come up w ith a top 20 list led by St Augustines College in first place, St Andrews School in second and Q ueens College in third place. The AYC, a non-government organisation that seeks to represent the interests of the countrys youth, said all institutions in the top 2 0 offer high-calibre instruction and unique ly valuable experiences to their students. Of the top 20, seven were government schools and 13 were private; 17 were in New P rovidence, two in Grand Bahama and one in Abaco. Although the majority of the schools were l ocated in New Providence it does not rule out the likelihood of other Family Islands pro ducing excellent students and high schools, t he AYC said. In a statement yesterday, the AYC said the assessment was not based solely on academics. This assessment was based on academics, student body spirit, the school's reputation, and the schools academic and social environ ment. Please note there was a minimum usageo f scientific research methodology, the organ isation said. The AYC said the assessment was done through the internet and on a small scale of f ield research in order to analyse the public 's opinion. The educational council communicated with students from the various schools listed. The council also used social networking in an attempt to receive feedback from young individuals. Members of the council also provided t heir opinions. Over 500 students involved in the organisation contributed to the overall r esults. Members of the council were able to provide their personal experiences and personal opinions on the school they currently attend or would have graduated from, the A YC said. Here is the full list of top 20 high schools in the Bahamas according to the AYCs educa t ion council: 1. St Augustines College 2 St Andrews School 3 Queens College 4. Kingsway Academy 5. St Annes School6 Temple Christian High School 7. St Johns College 8. Anatol Rodgers High School 9. Jack Hayward High School 10. C V Bethel Senior High School 11. Aquinas College 12. Bishop Michael Eldon School 1 3. Faith Temple Christian Academy 14. C R Walker Senior High School 15. Charles W Saunders Baptist School 16. Abaco Central High School 1 7. Jordan Prince William High School 18 Government High School 19. Bahamas Academy 20. C C Sweeting ST AUGUSTINES COLLEGE TOP IN HIGH SCHOOL ASSESSMENT ADVISORYYOUTHCOUNCILSTOP20 BAHAMAS SIGNS FUNDING DEAL WITH CHINESE GOVT PRIMEMINISTER Hubert Ingraham with Vice-Premier of the State Council of the Peoples Republic of China Wang Qishan. F ROM page one DEPUTY PRIME MINISTER and Minister of Foreign Affairs Brent Symonette (leftC ouncil of the Peoples Republic of China Wang Qishan at the arrival ceremony at the Lynden Pindling International Airport on Saturday. Kris Ingraham /BIS BEFORE THE SIGNING both sides engaged in talks on provisions of the agreement. Pictured are Brent Symonette, Deputy Prime Minister and Minister of Foreign Affairs (fourth from leftI ngraham (fifth from left cials from the Ministry of Finance, and other senior government officials.
THE Democratic National Alliance (DNA possible solutions to the Bahamas failing education sector at a town hall meeting on Wednesday. The DNAs town hall meeting on education will be the third in series of meetings. In a few weeks, the DNA will have another town meeting on job creation and the economy. At the town meeting, the DNA will take the first step in eradicating the notion expressed by the late Dr Cleveland Eneas some 30 years ago, when he said if you want to hide something from a Bahamian, put it in a book. Indeed, successive governments, to some extent, have acknowledged this statement, but have done nothing about it, the party said. This year, at the official opening of Doris Johnson High School, Prime Minister Hubert Ingraham recognised the dire need for basic skill training among high school graduates before entering the work force. After that statement by the prime minister no solution to this problem has been offered. The DNA is of the view that a failing educational system is not only a reflection of bad gover nance, but is a reflection on us as teachers, parents, educational staff, potential employers and products of this system. Therefore, the DNA believes that all Bahamians must play a pivotal role in restructuring the educational foundation in The Bahamas. According to the party, there is no doubt that the current bro ken educational system has con tributed to the myriad of social and economic problems that have crippled this nation. Although a tedious process, the DNA believes that revamp ing our educational system must be done now to ensure that high school and college graduates are armed with first-class academic and/or vocational education, allowing them to become produc tive global citizens, the DNA said. As with the previous town meetings, a panel of DNA candidates is expected to present the partys longand short-term plans, along with timelines for each initiative. The meeting will be held at the Bahamas Communicators and Public Officers Union (BCPOU Hall at 7pm. LOCAL NEWS T HE TRIBUNE MONDAY, SEPTEMBER 12, 2011, PAGE 7 CONTINUING his tour of islands affected by Hurricane Irene, Prime Minister Hubert Ingraham, accompanied by director of public works John Canton, toured Rum Cay and Long Island last weekend. He is scheduled to tour Eleuthera this week. On Rum Cay, the prime minister visited the islands clinic, public dock and airport perimeter, which sustained varying degrees of damage during the passage of Irene. Mr Ingraham said the airports perimeter fencing will be immediately repaired, as the fencing serves the vital function of preventing livestock from straying onto the airports runway. He noted that the public dock will require urgent repair so as to accommodate mail boat service, and that necessary reconstruction will be done for the islands clinic. Homes on the island primarily sustained water damage. The Department of Environmental Health meantime will be instructed to assess the waste disposal site on Rum Cay, as it currently sits near a pond. The Rum Cay tour was not only about infrastructural assessments, as the prime minister took time out to share treasured moments with two of the islands matriarchs. Ninety-five-year-old Addilda Scavella, the mother of former director of Education Zelma Dean, and 80-year-old Delores Wilson, who is currently ailing, received a visit from Mr Ingraham. On Long Island, banana farms took a heavy hit from Irene. The extent of the damage h as already been assessed by the Department of Agricul ture and re-growth at the farms has since begun. Roof damage was the substantial impact to homes and buildings on Long Island. In the northern settlement of Burnt Ground, a low-lying area, flooding continues to be a factor. The prime minister said assessments will be made to determine how additional drainage might have an impact, taking into account the areas proximity to sea l evel. As for private sector infra structure on the island, the prime minister said the Stella Maris Resorts clubhouse was severely damaged. HURRICANE DAMAGE P RIME MINISTER HUBERT INGRAHAM VIEWS ONLONGISLAND AND RUMCAY P R I M E M I N I S T E R H u b e r t I n g r a h a m s h a r e s a m o m e n t w i t h D e l o r e s W i l s o n a 8 0 y e a r o l d m a t r i a r c h o f R u m C a y T h e p r i m e m i n i s t e r m o v e d c l o s e r t o M s W i l s o n s b e d s i d e a s s h e i s c u r r e n t l y a i l i n g PRIME MINISTER HUBERT INGRAHAM shares a lighthearted moment with Rum Cay matriarch Addilda Scavella, 95, mother of former director of Education Zelma Dean. THE RUM CAY dock pathway sustained damage during the hurricane. PICTURED is the structural damage to the walls of the Rum Cay clinic sustained during Hurricane Irene. DN AWILL OFFER POSSIBLE EDUCATION SECTOR SOLUTIONS P RIME MINISTER HUBERT INGRAHAM t ours the Mangrove Bush Primary School in Glintons, L ong Island, and chats with the students there. Kristaan Ingraham/BIS
By SIR RONALD SANDERS ( The writer is a Consult ant and former Caribbean d iplomat) CHINESEworkers labour round the clock delivering projects on time and within budget unlikew orkers in many other parts of the world. Yet, wherever the Chineseh ave undertaken projects, there has been an elementof resentment by sections of local populations. Is t his resentment a form of racism or xenophobia? Or, i s it that the terms of fore ign aid have not been explained sufficiently? T hese are the questions t his commentary will e xplore. B ut, first, I return to t wo issues raised in my last commentary entitled: Let the People Speak. I said that only 9 of the 14 independent Caribbean Comm unity (CARICOM c ountries would be attending a China-CaribbeanE conomic Forum in Porto f-Spain. The five other c ountries would not attend b ecause they recognise T aiwan as a legitimate state something that China disputes vigorously. Since the commentary was written, I have learned that the Chinese government extended an invitat ion to all 14 independent C ARICOM countries. This is a grand gesture by C hina, if only because it w ould have allowed C ARICOM countries to engage China collectively at the Forum. However,i t is unlikely that the five countries would attend for fear of upsetting Taiwan. In any event, it is difficult to see how China would have pursued any possible economic projects that m ight have arisen in the f ive Taiwan-linked count ries. It is most unlikely that the Chinese govern-m ent would have blessed p rojects in countries that insisted on maintaining the Taiwan connection. I n opening the door for t he Taiwan-5 to attend the Port-of-Spain Economic Forum, China may haveb een doing nothing more than showcasing the opportunities that switching from Taiwan to Chinam ight provide. Nonethe less, it is to Chinas credit that it did not exclude the Taiwan-5 from the Forum.I n this sense, China treated the countries of CARI COM as the Communi t y they claim to be. H opefully, the Forum will lead to a joint foreign policy approach to China by the 9 CARICOM coun t ries that could result in a negotiated long-term trade, aid and investment treaty. It would be in the interest of the CARICOM countries to do so collect ively. They could bargain w ith China much more e ffectively together than each of them now doesi ndividually. O f course, this would require an effective r egional co-ordination body; something that would have to be set-up f or the nine because, even i f the CARICOM Secret ariat could overcome its weakness as a co-ordinator for regional projects, t he costs could not come out of a budget to which t he Taiwan-5 contribute. Despite all this, it would be very beneficial if the C hinese-9 in CARICOM would explore with China the possibility of a long-t erm treaty arrangement for trade, aid and invest ment that other CARICOM countries could joinw hen and if they wished to do so. Observation T he second matter that a rises from my last commentary was the observa tion that non-governmental organisations (NGOs in China require a link to a government institution in order to qualify for chari t able status without which t hey could not survive. A senior Chinese official in the Caribbean region told me: We might hope them not to go furiously against the government, however, w e don't expect them to b e government-akin or affiliated. That would be too tall an order nowadays, even for China, wouldn't it? In the interest of accuracy, I haver equested official clarification of whether or not C hinese law mandates that NGOs require a link to a government institution to q ualify for charitable status. T urning now to the use of Chinese labour on Chinese projects that are f unded by grants or loans, my previous commentary r ecognised that there is unquestionably more than a little grumbling about t he predominant use of Chinese workers in a num b er of countries in which China is executing projects. A response from a former international public servant of Caribbean ori gin was as follows: Why a re we grumbling? Foreign a id is strategic not philan thropic. Is Chinese labour on projects any different from the "technical assis tance" that comes with USAID, CIDA, DFID, EU and Bretton Woodsd evelopment pro g rammes? Why should the China development assistance model be different from the AngloSaxon's? It is racist to complain about Chinese labour accompanying Chi nese money? The correspondent went on to say that in 2004 the World Bank admitted that on average US$20 billion or 40 per cent of the global aid budget returned to the donors as 'technical assistance provided by their consultants, and Action Aid (UK per cent of global aid was "phantom." Recently, in analysing where aid money goes, two scholars on Caribbean affairs, report ed that, consultants have to be imported from the donor countries and this, in turn, can cost as much a s 75 per cent of the total c ost of the project. The point is that a significant portion of money used for aid usually goes back to donors. The justification for this is that ther ecipient gets the benefit of the aid whether it is in t he form of a road, a bridge or training while, at the same time, the d onor creates jobs or an export opportunity for c ompanies within its own country. Aid Incidentally, this is the argument used by the P rime Minister of Trinidad a nd Tobago, Kamala Pers ad-Bissessar when she sought to link aid, fromh er government to hurric ane-affected St Lucia and St Vincent, to the supply of goods and services by Trinidad and Tobago com p anies. So, the conclusion would seem to be thatc ountries which want gifts from others should not be concerned with the labour (in the form of workers orc onsultants) that delivers i t. Singling out the Chi nese is not only unfair, it smacks of racism. However, the matter of loans does take on a dif ferent complexion. Loans have to be repaid. In thisc onnection, local communities have a right to expect that projects, funded by loans, should prov ide employment for a significant number of qualified local workers, partic ularly at times, such as now, of high unemployment. That argument is not racist whoever it applies to; it is sensible in the context of relations between the lender and the borrower, and stability within the borrowing country. Responses and previous commentaries: www.sirronaldsanders.com PAGE 8, MONDAY, SEPTEMBER 12, 2011 THE TRIBUNE Too many Chinese workers: Is the response racist? SIR RONALD SANDERS WORLDVIEW W W h h e e r r e e v v e e r r t t h h e e C C h h i i n n e e s s e e h h a a v v e e u u n n d d e e r r t t a a k k e e n n p p r r o o j j e e c c t t s s , t t h h e e r r e e h h a a s s b b e e e e n n a a n n e e l l e e m m e e n n t t o o f f r r e e s s e e n n t t m m e e n n t t b b y y s s e e c c t t i i o o n n s s o o f f l l o o c c a a l l p p o o p p u u l l a a t t i i o o n n s s . I I s s t t h h i i s s r r e e s s e e n n t t m m e e n n t t a a f f o o r r m m o o f f r r a a c c i i s s m m o o r r x x e e n n o o p p h h o o b b i i a a ? ? O O r r , i i s s i i t t t t h h a a t t t t h h e e t t e e r r m m s s o o f f f f o o r r e e i i g g n n a a i i d d h h a a v v e e n n o o t t b b e e e e n n e e x x p p l l a a i i n n e e d d s s u u f f f f i i c c i i e e n n t t l l y y ? ?
B y MIKE LIGHTBOURN Y OURE ready to make an offer! Youve done your homework by reviewing aC MA (Comparative Market Analysis), local DOM (Days On Market MLS, and even the LP:SP ( List Price to Sales Price) ratio to formulate your offer based on the numb ers, and you have confid ence in the mathematics. P lease remember these symbols since I will beu sing them fairly frequentl y. However, there may be non-tangible factors that dont fit neatly into thee quation. Your BREA agent will endeavour to discover vari ables like the sellers motivation and your possible competition. If the home or property you want has been listed much longer than the average DOM, the vendors may have become more r ealistic and more motivate d to accept lower offers. Sometimes the vendors a re motivated by the press ure of having purchased, o r offered to purchase, another home. Then time becomes more i mportant than money. Mortgages No one wants to pay two mortgages or risk theira bility to close on another purchase because they cant sell their first property. A lso try to find out if other purchasers are making offers on your chosen property. I f so, make your first offer your best offer and let them know that is your final and only offer because vendors are u nlikely to counter in this s ituation. But...never offer more t han your agent believes t he home will appraise for, o r your financing will fail and youll be back at Square One. T alk to your BREA agent about the facts and the variables, and then make your offer with confidence. As I have often said before get pre-approved and make the process som uch easier! (Mike Lightbourn is p resident of Coldwell B anker Lightbourn Realty). LOCAL NEWS T HE TRIBUNE MONDAY, SEPTEMBER 12, 2011, PAGE 9 Break away from the ordinary and discover how to experience life to the fullest. The Isuzu D-MAX is the ultimate multi-purpose pick-up truck which enables you to drive through tough roadsand load a variety of cargoes. It is specially designed to be powerful, stylish and highly functional. The Isuzu D-MAX is one toughvehicle that willnever let you down!T H E I S U Z U D M A XPOWERFUL COMFORTABLE VERSATILE T YREFLEX S T AR MO TORSCall us today for your new IsuzuD-MAX Pick-UpTruck at 325.4961Wulff Road, P.O. Box N 9123, Nassau, The Bahamas Fax: 323.4667 THE Bahamas Speed Week Revival scheduled for November and December this year ise xpected to draw more than $ 100 million worth of iconic racing and classic sports cars to country. Governor-General Sir Arthur Foulkes and Joan LadyF oulkes are patrons of the B ahamas Speed Week gala b anquet and Auction of Promises the highlight of the five-day series of events which will run from November 30 to December 4. L ast week, Speed Week o rganisers, charitable banquet sponsor Pictet Bank & Trust and beneficiaries of the gala ball paid a courtesy call on the Governor-General at Government House last week. T he benefit, to be held at A tlantis on December 3, will raise funds for four Bahamian charities while the sprints, exhibitions and social activities throughout the week are being touted as a major economic and tourism boost. Pictured at the courtesy call ( l-r) are Rosamund Roberts, S peed Week administrator; Jimmie Lowe, Speed Week president; Governor-General Sir Arthur Foulkes; Peter Armstrong, Speed Week direc-t or; Diane Phillips, Speed W eek public relations; standing a re Alexandra Maillis-Lynch of the Ranfurly Home for Children, one of the beneficiaries; Jeremy Stuby, vice president of Wealth Management, spon-s or Pictet Bank & Trust Limite d; Roscoe Dames, Speed Week announcer; Alexavia Dorsett of DP&A; Andre Chappelle of Teen Challenge; Alexander Roberts, of the Ranfurly Home for Children,a nd Wendell Barry of the Canc er Society of the Bahamas. The AIDS Foundation will also benefit from the charitable component of the sports and tourism event. DONT FORGET THE VARIABLES R EALESTATE DEREK SMITH /BIS BAHAMAS LOOKS AHEAD TO SPEED WEEK REVIVAL
PAGE 10, MONDAY, SEPTEMBER 12, 2011 THE TRIBUNE THE COLLEGE OF THE BAHAMASVisit our website at www.cob.edu.bsTHE CONFUCIUS CLASSROOM AT THE COLLEGE OF THE BAHAMAS COURSE OFFERING: BEGINNING TUESDAY, SEPTEMBER 20, 2011 Mandarin I Tuesdays and Thursdays 5:30 p.m. 7:00 p.m. PRICE: $250.00 REGISTRATION FEE: $40.00 LOCATION: CEES Bldg. Moss Road P.O.BOX-4912, NASSAU, THE BAHAMAS TEL: (242 E-MAIL:firstname.lastname@example.org This article was originally scheduled to run on Friday September 9th. ByINIGO NAUGHTY ZENICAZELAYA WELL the weekend in which wives officially become football widows is here. Some wives will rejoice (veteran football widow) and others will hold out hope of maintaining his attention for the next 17 weeks (rookie football widow) while deep down inside they know they are fighting a losing battle. Men around the worldon the other handare salivating kickoff Sunday, like hungry wolves over fresh meat. Long ago have the Fantasy Football drafts been completed, with several more scheduled this weekend for the real fantasy nerdsasin no woman, no pets, no playstation, no beer, no life who need to field their thirtyfirst and thirty-second Fantasy Teams of the season, which technically hasnt started yet. Grills have been fired up and tested. Beer is on ice as you read this. Man caves have been adorned like shrines to the households favourite NFL team. (Mostly aqua and orange fashion fiascos this side of the world). The trash talk has started on social networks and smart phones, barbershops and food stores, churches and night clubs. The buzz of another NFL s eason is in the air. So before the first whistle b lows for kickoff on Sunday let me get my pig skin prognostications in. I hate to tootmy own horn but an average success rate of 73 per cent on picks over the last three years is clearly the best in all the l and among the local media. And no, I dont take a few weeks off from my picks after going into a slump like a certain reporter in the dailies who happened to win an MVP award in Flag Football only to pop back up a few weeks later with padded statsand claim to be the best. (I kid, I kid Not!) So here are my Pig Skin Picks for the 2011 NFL SEASON: AFC EAST: 1 .NY JETS 2. NEW ENGLAND PATRIOTS 3. BUFFALO BILLS 4. MIAMI DOLPHINS. (Done purely to incense die hard Dolphin fans such as my father Daniel, one of my GMs Galen Saunders and Dolphin fans en mass. THE DOLPHINS SUCK!) AFC NORTH: BALTIMORE RAVENS (Ozzie Newsome has added key pieces to an already solid squad). PITTSBURGH STEELERS (Steel Town getting a little long in the teeth). CLEVELAND BROWNS (Can Peyton Hillis do it twice?) CINCINNATI BENGALS (My buddy Jonathan Pinders team. At least his real squad and his fantasy squad will finish the samelast!) AFC SOUTH: HOUSTON TEXANS INDIANAPOLIS COLTS (Could get worse depending on Peyton Mannings neck injury). TENNESSEE TITANS JACKSONVILLE JAGUARS (Potentially turning the reigns over to rookie QB Blaine Gabbert with the release of David Garrard. Basically, a disaster waiting to happen). AFC WEST: 1. SAN DIEGO CHARGERS 2. KANSAS CITY CHIEFS 3. OAKLAND RAIDERS 4. DENVER (Tim Tebow should play for the Dolphins, because he sucks too). N FC EAST: PHILADELPHIA EAGLES (It kills me to write this). DALLAS COWBOYS (The greatest team in the history of football). NY GIANTS WASHINGTON REDSKINS NFC NORTH: GREEN BAY PACKERS CHICAGO BEARS DETROIT LIONS MINNESOTA VIKINGS NFC SOUTH: ATLANTA FALCONS NEW ORLEANS SAINTS TAMPA BAY BUCCANEERS CAROLINA PANTHERS. (Watching Cam Newton grow will be fun). NFC WEST : (The weakest division in football) ARIZONA CARDINALS ST. LOUIS RAMS SEATTLE SEAHAWKS SAN FRANCISCO 49ERS PLAYOFF TEAMS : AFC: THE JETS, RAVENS, TEXANS AND CHARGERS. (Division Winners). WILD CARDS: THE PATRIOTS AND THE STEELERS. AFC CHAMPION: BAL TIMORE RAVENS. NFC: THE EAGLES, PACKERS, FALCONS AND CARDINALS. (Division Winners). WILD CARDS: THE DALLAS COWBOYS AND THE SAINTS. NFC CHAMPION: GREEN BAY PACKERS (My head BOYS (My heart SUPER BOWL: BALTIMORE vs GREEN BAY. And the winner is GREEN BAY (Interesting stat, Green B ay has returned to the Super Bowl the year after winning the Super Bowl every time. Google it). Before we get to the Superbowl, however, I predict this weeks winners will be: GREEN BAY, BALTIM ORE, HOUSTON, CLEVELAND, TAMPA BAY, ATLANTA, TENNESSEE, SAN FRANCISCO, SAN DIEGO, NEW ENGLAND, DALLAS. So are you ready for some football? Need I ask? Enjoy the whole season, fans. May your team bring you more joy than pain. I hope you remembered to take time out Sunday, September 11th, to say a little prayer for all of those lost 10 years ago in the 9/11 attacks. We lost a lot of football fans in that one. And please say one for Pat Tillman, a hero in my book. Former NFL player Pat Tillman was a man who quietly walked away from a lucrative NFL contract to join the Marines and fight the war on terror, ultimately paying the highest price. He gave his life so we could enjoy freedoms like family, friends and football every Sunday. Nowdown, set, hike! Let there be football! COMICS VIEW INIGO NAUGHTY ZENICAZELAYA AFTER FURTHER REVIEW By THE UNAIDS CARIBBEAN REGIONAL SUPPORT TEAM (RST SHOULD there be laws targeting people who deliberately infect others with HIV? On Thursday Guyanas National Assembly answered that question in a rational and progressive way. They said no. The move may be counterintuitive for many in our region. Concern about having the worlds second highest HIV prevalence has motivated p eople to call for tougher strategies in the HIV response. With an adult HIV prevalence of 3.1 per cent support for criminalisation in The Bahamas reflects a desire to reduce the spread of the virus while exacting justice for those who were intentionally infected. In investigating that option Guyana set up a Special Select Committee of Parliament on the Criminal Responsibility of HIV Infected Indi v iduals which considered written and oral submissions from various stakeholders for more than a year. At last weeks parliamentary sitting Min ister of Health, Dr Leslie Ramsammy, explained that not only was there no proof that criminalisation reduced the spread of HIV, but it could also be dangerous. It merely encourages individuals not to get tested and increases the stigma and discriminationa gainst those who are positive, Dr Ramsammy said. UNAIDS supports this view. Such laws would deepen the climate of denial, secrecy and fear surrounding the virus and in so doing reduce peoples willingness to learn their status and access treatment and support. Ironically, a measure meant to reduce the spread of HIV could lead to its increase. There is a minority of persons who delibera tely transmit HIV with intent to harm others and they should face appropriate criminal prosecu tion. For these cases there is no need to create HIV-specific legislation. The alternative is to use existing laws relating to assault and criminal negligence under the Offences against the Person Act. In determining whether an act of transmission should attract criminal penalties the complexities of human sexual behaviour must be c arefully and fairly discerned. What are the rea sonable and enforceable lines between criminal and non-criminal behaviour when it comes to HIV transmission? There are several circumstances in which an HIV positive person either does not present a significant risk of transmission or does not have criminal intent. Does the individual know that he is HIV positive? Does she understand how HIV is transmitted? Did he tell his partner that he was HIV positive or believe that his partner knew his status? Did she practice safe sex and regularly take medications? Was there an under standing that intimacy involved a certain degree of risk? A criminal law specifically related to HIV would cast all persons living with the virus asp otential criminals and intensify the hysteria surrounding the virus. Many in the Caribbean have pointed to the fact that other territories, including some Amer ican states and European nations have adopted the approach. But many of the countries that have enacted laws related to the criminalisation of HIV are now reviewing their stance because of the negative implications for public health andh uman rights. In February Denmarks Minister of Justice announced the suspension of an HIVspecific criminal law. Last year the United States National AIDS Strategy raised concerns about such state laws while an official committee was set up in Norway to inform revision of their equiva lent Penal Code provision. The Bahamas must within the next two years reduce its number of new infections significantly. Criminalisation wont accomplish this, but more effective prevention programmes can. There is need for improved access to sound information, services and support for all individuals including young people, men who have sex with men, sex workers and prisoners. There should be greater access to voluntary counseling and testing and age-appropriate sexuality education. Sexually active people should be able to obtain condoms and personal lubricants. In addition, interven tions are needed to support HIV positive people in disclosing and practicing safer sex. We must all continue combating stigma and discrimination so that people can make healthy, responsible and safe choices about their lives, including decisions relating to sex and reproduction. Strides in the HIV response are hard-won but possible. This year, scientists revealed that early treatment has been proven to be 96 percent effective in preventing transmission between couples. There is hope. But it lies in a combination of comprehensive legal reforms to address discrim ination and vulnerability and policy directives to improve the reach and quality of prevention and treatment programmes. The criminalisation of HIV transmission wont help. GUY ANA GETS IT RIGHT:THE CRIMINALISATION OF HIV WONT WORK By CONSTABLE 3011 MAKELLE PINDER MOTORISTS BEWARESchool has started. Unfortunately, the beginning of school is also a time when children are at increased risk of transportation-related injuries from pedestrian, school bus, and motor vehicle crashes. The reason is fairly obvious; there are many more children on the road each morning and afternoon, as well as an overall change in motorists' patterns. As schools open their doors, it's time for motorists to improve their traffic safety practices. The following tips can help make this a safe and happy school year for the whole community: Slow down. Obey all traffic laws and speed limits. Be extra cautious around school crossing areas, slow down and watch for children on their way to school. When driving in neighborhoods or school zones, watch for children who may be in a hurry to get to school and may not be thinking about getting there safely. The posted speed limit in school zones is 15 MPH from 7:30am 9:00am and 2:30pm 4pm. Allow children waiting at a pedestrian crossing to cross. Be alert and ready to stop. Watch for children walking in the street, especially where there are no sidewalks. When using an intersection where children are trying to cross, slow down; make eye contact with the children to determine what they are going to do next. Always stop for a jitney or school bus that has stopped to load and unload passengers Before entering a pedestrian crossing area, be sure there are no children in the lane or adjacent lanes. When passing a parked vehicle, check for children who may run out into the street. When approaching a school bus that has stopped to drop off or pick up students, motorists must stop a safe distance behind. When approaching a school speed zone reduce speed below the required speed limit and maintain it until the end of the school zone. During school hours Motor Vehicle Laws will be strictly enforced. Please share this information with every driver in your family. Lets all work together to have a safe school year. Remember that safety is everyones concern Bahamas! Royal Bahamas Police Force National Crime Prevention Office MOTORIST BACK TO SCHOOL SAFETY TIPS DR LESLIE RAMSAMMY, Guyanas Minister of Health. OPINION
LOCAL NEWS T HE TRIBUNE MONDAY, SEPTEMBER 12, 2011, PAGE 11 50 per cent of this year's homicides, Tommy Turnquest, Minister of National Security, said. Commenting on a radio talk show yesterday, Mr Turnquest said that it was often safer for a suspect to be remanded to Her Majesty's Prison, where they are under the protec tive custody of the state. The National Security minister explained that sometimes getting bail is like signing their death warrant. According to Tribune sources, the murder accused is Israel Lubin, who was charged with the April 14 murder of Tekoyo McKin ney. McKinney, a 26-year-old father of two, was reported ly shot and killed by two armed gunmen on Cordeaux Avenue and Minnie Street. A month before McKinneys murder, his younger sister Jeffryona Rolle, 14, was killed near their mother's Garden Hills Estates home. Lubin was accused of intentionally causing McK inney's death while being concerned with another, and was also charged with conspiring with another on April 14 to murder McKinney. At his arraignment, offi cials were directed by Chief Magistrate Roger Gomez to ensure that Lubin received treatment for an eye injury allegedly inflicted by police. Lubin's case was fast tracked to the Supreme Court through a voluntary bill of indictment in June. However, last month Lubin was granted bail by a Supreme Court judge when authorities failed to ensure he received the court ordered eye treatment. Lubin was released on $30,000 bail with two sureties on condition that he wore an ankle bracelet and reported three times a week to the Fox Hill Police Sta tion. On Saturday, the woman and toddler were taken to hospital by a private vehicle, and are in stable condi tion. Lubin was taken to hospital by ambulance, and was said to be in critical condi tion up to press time. Anyone with information that might assist investiga tions is asked to contact police at 911, CDU at 5029991, Crime Stoppers at 328TIPS. Those things are taken very seriously a nd they are investigated. You need to h ave something to trigger that. We dont have anything to trigger that, said Ms Wynter, speaking of the current project,w hich started in 2005. The Ministry of Education has a long history with the IDB. The current project, worth $18.9 million, started in 2004. Itso bjectives cover a number of areas including quality and access to early education, services for children with special needs, technical vocational delivery, and e-education strategies. The ministrys IDB projects have always had a technology component, forw hich some observers question the i mpact. Most of the complaints from educ ation sources focus on technology procurement and management. Sources claim computers have gone missing, companies have got rich and pro jects have outright failed under the IDBs watch. Officials deny this, and so far there has been no documentary evidence released in the public domain to support the claims. Ms Wynter said the technology com ponent is not the core of the current project. In fact, the annexed project documents to the current loan agreement statet here is limited financing for hardware and software. Even still, a limited amount equates t o hundreds of thousands, even millions. The procurement underway is an example of that. Under review is a tender for more than 2000 hardware items, such as com-p uters and interactive white boards. D espite the claims, Ms Wynter said she is not aware of any untoward activi ties. She said the bank takes its fiduciary responsibilities very seriously, and has a dedicated department, the Office of Institutional Integrity (OII gate complaints. If someone is determined to do some thing wrong, in any sphere of life, lets face it, they will find a way. But we work on the basis of trust and procedures. You h ave to be very, very determined, and if you are that determined I dont think anything is going to stop you, because our procedures are pretty tight, she said. If any of the banks stakeholders or interested parties have a complaint whether they feel something is not right, or something has been overlooked by the bank they are advised to lodge a com plaint with the Office of Institutional Integrity, anonymously if they wish. KINGSTON, Jamaica Associated Press THE BODIES of 10 Haitians were recovered from the ocean off the Turks a nd Caicos Islands on Sund ay after the captain of a smuggler's boat forced the illegal migrants into a rickety, overloaded boat near the reef-fringed shoreline, o fficials said. K endol Morgan, a gove rnment spokesman for the U K Caribbean dependency, s aid at least 10 migrants d rowned early Sunday while being transferred to shoreby a smaller, wooden vessel. He said the Haitian smuggler's boat had entered the UK Caribbean dependency's waters illegally, T he bodies of five Haitian women and five men were recovered by searcha nd-rescue teams, according to Morgan. I t was not immediately clear whether there were any children on board. It appears that most of the dinghy's passengers d rowned," Morgan said from the eight-island British dependency located b etween Haiti and the B ahamas. "These tragic e vents show just how dangerous it is to seek to enter the TCI illegally by boat." Morgan said survivors were being questioned by p olice but he could not say p recisely how many surv ivors there were or how m any migrants were b elieved to be traveling on the smuggler's boat. A number of arrests have been made and territory police are investigating, along with immigration and customs officers. I t was not immediately c lear if the captain of the smuggler's boat was capt ured. L arry Mills, the acting d irector of immigration, said in a Sunday statement that any would-be migrant com i ng to the Turks and Caicos Islands illegally is treated humanely but also ques tioned closely and returnedh ome swiftly in accordance with the islands' laws. Haitians have been comi ng to the Turks and Caicos I slands for years, fleeing severe poverty and the s ocial turmoil of the Weste rn Hemisphere's poorest c ountry for jobs as construction workers, janitors, landscapers and bellhops in the UK territory of about 33,000. T he immigrants form an e ssential low-income work f orce on the islands, labouri ng to build luxurious beachf ront homes, collect trash and carry suitcases for tourists. Many Haitians arrive here illegally by boat, paying roughly US$400 for the twoday journey across 125 miles ( 200 kilometers) of ocean. I n 2007, a migrant boat capsized near the Turks and C aicos Islands, pitching d ozens of Haitians into s hark-infested waters. At least 61 people died. In 1998, Turks and Caicos I slands police allegedly opened fire on a boat packed with more than 100 Haitian migrants, touching o ff a capsizing that led to the drowning of dozens. Officials said the police fired w arning shots and none hit t he migrants or the boat. BODIES OF 10 HAITIAN MIGRANTS FOUND OFF TURKS AND CAICOS INTER-DEVELOPMENT B ANK PREP ARED T O INVES TIGATE ANY FRAUD CLAIMS FROM page one B ABY INJURED IN TRIPLE SHOOTING FROM page one
WASHINGTON A ssociated Press ON A DAY of serenity and remembrance, President B arack Obama honoured the dead of Sept. 11 with his quiet presence Sunday at the threem ost tangible reminders of b oth the incredible loss and dauntless resilience of a coun try rebuilding a decade later. At New York's ground zero, Obama touched the names of the lost etched intob ronze at a memorial pool created in the footprint of oneof the downed World Trade Center towers. I n a field in rural Pennsylvania, he walked the marbled Wall of Names and placed a w reath memorializing the 40 people who crashed at Shanksville after fighting backa gainst the hijackers and driv ing their plane into the ground. At the Pentagon, too, the president placed a wreath at a memorial where each of 184 victims is remembered with a bench and small reflecting p ool. A military band played a soulful rendition of "Amazing Grace" as the president greeted visitors to the memorial. This was not a day centered on presidential speechmaking. Rather, Obama's principal role was simply to be there as the nation paused to remember the nearly 3,000 lives lost and ponder all that has transpired. At a ceremony at ground zero, Obama read Psalm 46, which he chose because it speaks of perseverance through challenges. "God is our refuge and strength," Obama intoned, "a very present help in trouble. Therefore, we will not fear." On a sun-splashed New York morning, Obama and his wife, Michelle, first walkedwith former President George W. Bush and his wife, Laura, to the North Memorial Pool. All four touched the names etched in bronze and silently bowed their heads. They then turned to dispense greetings and hugs to family members of those who died. This also was not a day for partisanship or rancor. Bush gave Obama a quick nod of solidarity after the president's reading. It was the first time the two presidents had seen each other since their Rose Garden appear ance after the Haiti earth quake in January 2010. The presidents and their wives stood behind bullet proof glass during the ceremony, an indication of the tight security surrounding the day's events. In Washington, Obama's chief counterterror ism adviser convened a meeting in the Situation Room to review security precautions for the weekend. O bama's stop in Shanksville drew spontaneous applause and chants of "USA" from those at the memorial site, where each of the 40 marble slabs is inscribed with the name of someone who died int he crash. Obama and his wife lingered at the site to pose for photos with visitors, greet chil d ren and share some quiet laughs. "Thanks for getting bin Laden," one man called out. The Obamas then walked to the boulder that marks the actual crash site and stood quietly together in a field of wild flowers for a time. "I think it's just important that the president shows his support for the families that lost loved ones," said Jaleel Dyson, an 18-year-old from Washington who attends college in the area and came to pay tribute to the dead. At the Pentagon, the Oba mas took their time mingling with memorial visitors and family members of those who died, some of them wearing ribbons and T-shirts bearing the names and photos of their loved ones. Obama, who was a state senator from Illinois when the hijackers struck in 2001, has called on Americans this weekend to remember and serve, and to come together toward a joint future. "Ten years later, I'd say America came through this thing in a way that was con sistent with our character," he told NBC News. "We've made mistakes. Some things haven't happened as quickly as they needed to. But overall, we took the fight to al-Qaida, we preserved our values, we preserved our character." Obama's only other planned public remarks Sun day were to come at a memorial concert in Washington in the evening. His goals were to acknowledge how the country has changed, such as an increased vigilance against terrorism, and the things that have stayed the same, the values of freedom and liberty that bind t he country together. In the broadcast interview, Obama recalled going home after the attacks and rocking his baby daughter, Sasha. "Our first reaction was, and continues to be, just heart-b reak for the families involved. The other thing that we all remember is howA merica came together." SEE PAGE 14 INTERNATIONAL NEWS T HE TRIBUNE MONDAY, SEPTEMBER 12, 2011, PAGE 13 THE COLLEGE OF THE BAHAMASVisit our website at www.cob.edu.bsApplications arecurrently being accepted to the Masters in Social Work Degree Programme atBARRY UNIVERSITY SCHOOL OF SOCIAL WORKin collaboration withTHE COLLEGE OF THE BAHAMASApplications can be obtained and resubmitted to: The College of The Bahamas The Office of Research, Graduate Programmes and International Relations Oakes Field Shopping Centre, Thompson Blvd.Application Deadline: September 30, 2011 For more information call: 397-2602 or send emails to: email@example.com AT THREE SITES OF LOSS, OBAMA QUIETLY HONOURS 9/11 DEAD PRESIDENT BARACK OBAMA and first lady Michelle Obama, form er President George W. Bush and former first lady Laura Bush bow their heads during a moment of silence at the Sept. 11 10th Anniversary Commemoration Ceremony at Ground Zero in NewY ork, Sunday, in New York. (AP
$4. 68 $4. 51 $4. 69T he information contained is from a third party and The Tribune can not be held responsible for errors and/or omission from the daily report.$ $5.32 $5.18 $5.38 T HETRIBUNE SECTIONB firstname.lastname@example.orgMONDAY, SEPTEMBER 12, 2011 By NEIL HARTNELL Tribune Business Editor C ITY MARKETS is mulling the temporary closure of two further stores in a bid to effect $2.5 million worth of repairs to refrigeration and related infrastructure probl ems, its principal yesterday c onfirming the plan would likely be put into effect by months end. Mark Finlayson, head of the supermarket chains 78 perc ent majority shareholder, Trans-Island Traders, told Tribune Business the company was still assessing its options as to its South Beach and Seagrapes Shopping Centre out-l ets to determine whether it would close one or both, the goal being to re-open in timef or Christmas 2011. Mr Finlayson declined to say how many staff would be affected, as City Markets and its operating parent, Bahamas Supermarkets, were stillc runching the numbers yest erday. Nor could he say how they would be impacted w hether there might be temporary or permanent lay-offs or both, but it seems likely thatm ore than 100 staff will be affected. A nd, while City Markets h ad seen a 30 per cent sales spike in the days leading up to Hurricane Irenes passage through the Bahamas, Mr Finlayson said the frenzied con-s umer buying had set the chain b ack months on its inventory issues. H e added that the struggling chain was only -80 per cent of the way there in terms ofs tocking its shelves with everything consumers wanted, anda cknowledged that City Mark ets overall performance it made an operating loss of $14 m illion in its last financial year was not where we want it to be. Responding to Tribune Business inquiries, after numerous retail and wholesale sources told this newspaper that City Markets was looking at reducing its New Provi-d ence stores from four to two, with South Beach and Seagrapes closure, Mr Finlayson confirmed such a strategy was being assessed. Were looking at it because of the refrigeration and related i nfrastructure problems were having, Mr Finlayson said. Weve had a number of complaints from various customerst hat there are some really bad p roblems, and figured that this m onth the end of September is the best time to do it. H owever, he added: We h avent pulled the trigger on that. This was because By NEIL HARTNELL Tribune Business Editor T HE BAHAMAS ELECTRICITY CORPORATION(BEC close to sealing a Memorandum of Understanding (MoU t or renewable energy supp lier, its chairman conf irming that a document i n its final form was e xchanged between the t wo parties on Friday. While the arrangement had not been sealed, Michael Moss told Tribune Business: We will be exchanging a document inits final form today [Frid ay]. Once both parties agree to the contents, we will be able to release furt her details. Im hoping t hat will be imminently. M eanwhile, Mr Moss confirmed that the extra costs BEC was likely toi ncur as a result of Hurricane Irene repairs was going to be along the lines of $4-$5 million. Were still looking at that kind of figure, he added. We were projecti ng a profit of $7 million, a nd its going to push us close to no profit at all. I still, though, expect it to bea profit. The additional $4-$5 million Irene costs are likelyto push BEC towards a $2$ 3 million net income for i ts financial year ending on September 30, 2011. When asked whether B EC had insurance to cov er any of the repair costs, Mr Moss replied: No, we dont. I dont know of anyu tility in the world since Hurricane Andrew thathas been able to get cov erage on its transmission and distribution assets. That went out the window with Andrew. Were ablet o get coverage on our gen e ration assets, not distrib ution assets. B y NEIL HARTNELL Tribune Business Editor ATLANTIS ENJOYEDa 1,300 room booking boost as a r esult of hosting its recent Bruno Mars concert, Tribune B usiness was told, as its parent company received an extension to its September 9 debt deadline. In response to Tribune Business inquiries, a Kerzner International spokesperson said: We had over 1,300 roomsb ooked as a result of Bruno. Labour Day bookings were very strong compared to last year. The same spokesperson, meanwhile, confirmed that Kerzner International had received an extension to last Fridays deadline to repay at least some of the $3.2 billion debt it took on when Sir Sol Kerzner, its chairman, and his late son, Butch, bought the company back and took it pri B y NEIL HARTNELL T ribune Business Editor A MEXICAN-BASED ferry company is a mong the contenders seeking to replace Discovery Cruise Line as the main maritime transportation link between Grand Bahama and Fort Lauderdale, Tribune Business canr eveal, with its executives set to visit the island this week for meetings at the Grand Bahama Chamber of Commerce. K P Turnquest, the Chambers president, confirmed the developments in response toT ribune Businesss inquiries, but emphas ised that Baja Ferries was still assessing the viability of such a route and had to suc cessflly complete negotiations with the Gove rnment and Grand Bahama Port Authori By NEIL HARTNELL Tribune Business Editor CITY MARKETS prin cipal yesterday said he was not willing to do business with a number of Bahamian wholesale suppliers because of the terms they were seeking to impose, adding that relations between the two sides were back to where we started in November 2010. Mark Finlayson, head of Trans-Island Traders, the 78 per cent majority shareholder in the supermarket chain, told Tribune Business that after an agreement was reached between City Markets and Bahamas Wholesale Association members to settle the debts owed to the latter by the formers previous owner, a number of suppliers turned around and imposed credit limits on the retailer. Mulling temporary shut-downs at Seagrapes and South Beach due to $2.5m refrigeration woes Sees 30% hurricane sales spike But bump-up sets food chain back on inventory Says three major stores profitable; three not CITY MARKETS EYES 2 MORE STORE CLOSURES MARKFINLAYSON SEE page 5B WHOLESALERS TOLD: WORK WITH CITY MARKET S OR WRITE OFF SUMS OWED Chains principal not willing to do business after cr edit limits imposed Warns that in any attempt to wind-up compan y Finlayson family debt will rank tops And not enough left for anyone else SEE page 4B By NEIL HARTNELL Tribune Business Editor A BAHAMIAN entrepreneur is hoping his partnership with a major US-based office systems manufacturer will generate hundreds of thou sands of dollars in sales within one-two years, as he focus es on this nations corporate, hospitality and healthcare markets. Tim Lee, who incorporated his own company, Lee Interiors, in February 2011, is aiming to marry his 20 years of interior design experience with the products, services and support of Teknion, rein troducing the brand to the Bahamian office furniture and supplies market. And besides just supplying the furniture and systems, Mr Lee told Tribune Business that he aimed to provide advice and consultation to Bahamas-based companies on how to best lay out their office space for enhanced productivity, and to better communicate their own brand image. Acknowledging that Lee Interiors had enjoyed a slow start, due to both the econo my and the wait for the Teknion partnership, Mr Lee added: Its one that I had planned on, but the prospects look quite promising in the next 12-18 months, based on the response Im getting from SEE page 3B A TLANTIS GAINS 1,300 ROOM CONCERT BOOST Labour Day very strong, as Bahamas breathes sigh of relief (at least for moment on Kerzners multi-billion debt extension MEXICAN FIRM AIMING TO REPLACE DISCOVERY Baja Ferries set for meetings on Grand Bahama this week Chamber chief says replacement key, with 75% of timeshare clients coming from lost service SEE page 2B BEC EXCHANGES FINAL FORM MOU ON RENEWABLES SEE page 4B PARTNERSHIP EYES SALES IN HUNDREDS OF THOUSANDS Bahamian entrepreneur ties up with North American of fice furniture supplier SEE page 5B
ty. Yes, there is a meeting next week to talk about p lans with their managem ent and see how they can w ork with the local community, Mr Turnquest toldt his newspaper. Its true to say they are still in the feeling out, feasibility stage, so its way too soon to say if this is viable or not. Baja Ferries, which was established in 1999, conn ects the Baja California peninsula to mainland Mex ico. It operates daily service t o various destinations e xcept on Sunday, and car ries passengers, cargo and vessels including cars. Cabins and sleeping space are also on offer. Yet Baja Ferries is not the only contender to replace Discovery. The rival Span-i sh ferry operator, Balearia, which is attempting to prov ide a service between Miami and Bimini in conjunction with the Bimini Bay R esort, has also been talking to the Government a bout establishing something similar for Grand Bahama. A nd Tribune Business also understands that Capt ain Jackson Ritchie, owner o f Global United and the former PLP MP candidate for Clifton at the last general election, is looking to pullo ff an acquisition that would provide a replacement service for Discovery. M r Ritchie was originally hoping to acquire Discovery itself, but is understood to have turned his attentionst o another potential target, a deal for which has not been sealed. He previously attempted to acquire Discovery in 2006, but the deal was never concluded, hav ing foundered over what are thought to have been diffi c ulties in putting the financi ng in place. If Mr Ritchie is successful in his latest venture, it would mark a real come back for the man whose Global United venture underwent drastic downsizing post the 2007 general election, amid allegations of unpaid taxes and financial difficulties. Meanwhile, Mr Turnquest told Tribune Business it was vital to find a replacement for Discovery, given that it had been thel ifebood for many Grand Bahama-based businesses, w ith 75 per cent of timeshare traffic coming from its passengers. As has been talked about by any number of i ndividuals, its very important that we get a replacement, the Chamber presid ent added. Discovery was like a way of life, and l ifeblood, to many busin esses and individuals on the island. Someone was telling me 75 per cent of traffic for thet imeshare industry comes from Discovery the passengers who normally comeo ver on Discovery, so thats a major loss to them. Its a significant loss, par ticularly to the small busin ess sector, the transportat ion sector. We dont have much traffic coming out of the airport, and less traffic out of the harbour will affect us significantly. Then, of course, you have the knock on effects and all oft hat. T he vessel, Mr Turnquest said, had been used by Grand Bahama residents to purchase all their home needs, travelling back and forth from Florida, while small businesses also brought in relatively inex pensive stock. They will now be reduced to Less Container Load (LCL is going to mean an increase in their transportation costs, Mr Turnquest said of small Bahamian busi-n esses. That is obviously going to affect the cost of l iving on the island, so it is an issue. There are at least two p arties we are aware of interested in providing a s ervice.We dont know of any milestone in negotiations where we can say its g oing to happen. Things are still at an exploratory p hase. M r Turnquest added that with the start of Vision Airlines services to Freeport in November, and the com m encement of routes by other airlines, there would be a pick up of that capac i ty relinquished by Discovery. Hopefully we will be suc cessfl in negotiating the r eturn of a fast ferry, he s aid, adding that Discovery had been responsible for bringing thousands of people to Grand Bahama every year. Carla Stuart, director of cruise development at theM inistry of Tourism, told T ribune Business the Gov ernment was in discussions with several potential Dis covery replacements. The Government is in discussions with various entities with regards to servicing Grand Bahama. Once we would have made a clear decision and signed a contract we will make an announcement, she said. BUSINESS PAGE 2B, MONDAY, SEPTEMBER 12, 2011 THE TRIBUNE ,Q$FFRUGDQFHZLWK &RQVWLWXWLRQ7KH%DKDPDVXEOLFHUYLFHV 8QLRQZLOOKROGWKH7UL$QQXDO*HQHUDO 0HPEHUVKLSHHWLQJRQ $XGLWRUVHSRUWVZLOOEHSUHVHQWHG $OOPHPEHUVDUHXUJHGWRDWWHQG DQGEHRQWLPH 5HIUHVKPHQWVZLOOEHVHUYHGDIWHUWKHPHHWLQJ GRAND BAHAMA POWER COMPANY (GBPC customer service office h ours between September 1 4-September 21 from 5pm to 7pm on weeknights only, in response to consumer billing inquiries. Many of our customers use their lunch hour to pay bills, said Katherine D emeritte, the utilitys d irector of customer service. Because of the need to rush back to work, pay other bills or pick the children up from school, they are unable to take the time to sit with our customer service representatives and get a thorough understanding of their bills. These extended hours will give our customers the opportunity to do this. M s Demeritte said bill p ayments will not be collected at this time, but stressed that customers who have questions concerning their bills, estimations or experience difficulties making payments should use this o pportunity to meet with a G rand Bahama Power cust omer service representative. We also want to remind customers that our call centre is also open 24 hours a day at 352-8411, for those who are unable to come in to our offices, she added. G B POWER EXTENDS CUSTOMER HOURS MEXICAN FIRM AIMING TO REPLACE DISCOVERY F ROM page one
BUSINESS T HE TRIBUNE MONDAY, SEPTEMBER 12, 2011, PAGE 3B (VWDEOLVKHGZKROHVDOHFRPSDQ\LV DFFHSWLQJUHVXPHVIRUWKHSRVLWLRQRI *HQHUDODQDJHU 'ULYHDQGDPELWLRQDUHPXVW 6XFFHVVIXOFDQGLGDWHVKRXOGKDYHDW OHDVW\HDUVH[SHULHQFHLQWRSOHYHO PDQDJHPHQW &RPSHQVDWLRQZLOOEHFRPPHQVXUDWH ZLWKH[SHULHQFHDQGWLHGWRSHUIRUPDQFH ,QWHUHVWHGSHUVRQVKRXOG VHQGWKHLUUHVXPHWR ZKROHVDOHFDUHHUV#JPDLOFRP G RAND BAHAMAS FNM MPs and Senators have expressed concern about the high power bills faced by the islands residents, while appreciating the Grand Bahama Power Comp anys predicament as a result of its $6 million net loss last year. Responding to public complaint, Neko Grant, Kenneth Russell, Kwasi Thompson,a nd Senators David Thompson, Fredrick McAlpine and Michael Pintard met with the utilitys president and chief e xecutive, Sarah Macdonald, at the O ffice of the Prime Minister in Freeport. T he issues raised and discussed in d etail included:(1 s urcharge was calculated. (2 ble, eliminate the practice of estimating power usage for billing purposes. (3 Bahama Power to ensure consistent p ower supply for all areas of Grand B ahama. ( 4) Assessment of what costs are being passed on by Grand Bahama Power to the consumer due to faulty equipment, and the need for Grand Bahama Power Company to rent additional t emporary generator equipment. (5 Power Company believe it must share any responsibil-i ty for the high cost of electricity, and what are its plans to reduce such costs. ( 6) The need for better, courteous a nd helpful customer relations in resolving power bill inquiries and c omplaints by the public. ( 7) Payment to consumers for damages due to power surges. ( 8) What alternative energy options are being explored by Grand Bahama Power to reduce fuel costs. (9 Meeting for residents and the busi ness community to respectfully air theirc oncerns to Grand Bahama Poweron t he high costs of electricity, and the f uture of the energy industry in Grand Bahama considering the present day costs and challenges. Mrs Macdonald said she and her management team would develop a p lan of action to address all matters raised in the meeting. Assurances were given that steps would be taken to work out payment schedules for consumers who are having difficulty paying power bills. A similar commitment was made to further reduce the already low 4 per cent of consumers whose bills are determined by estimation. M rs Macdonald confirmed that less t han 1 per cent of consumers were presently disconnected in Grand B ahama. T he MPs and Senators made it clear t hat while they understood the difficulties of Grand Bahama Power,i ncluding the $6 million loss it suffered l ast year, and they appreciated the $80 million investment being made in the new power plant under construction in Freeport, they were even more concerned about the high power bills and the socio-economic plight of residents, as well as the challenge of keeping b usinesses on the island open and opera ting. PARLIAMENTARY CONCERN OVER GB POWER BILLINGS A NEWLY-AVAILABLEgrant will allow regist rants to attend the International Labour Organisat ion (ILO s tarts today at the Sunrise Resort and Marina free of charge, some 1,700 small and medium-sized businesses having closed their doors in 2010. The Bahamas Chamber of Commerce and Employers Confederation (BCCEC the need to strengthen Caribbean economies, have i ntroduced throughout the Bahmas a skills training program for Small and Medium Enterprises (SMEs as well as for entrepreneurs who want to grow their business. This 40-hour training program has been offered for $600 in other countries but, through a recently a pproved grant, participants can attend free of c harge. Therefore, their time is the only investment r equired. For one full week, beginning today and ending on Friday in Freeport, Grand Bahama, regional consultants will conduct training seminars geared to equip p articipants with the essential skills to manage succ essful firms. L ed by Felicity Richards and Luesette Howell of the ILO, the training sessions include lunch each day, program material, free consultancy services for ab usiness, the actual training for the week and certification at the end of the program. GRANT BOOST FOR SEMINAR NEKOGRANT vate, delisting it from the New York Stock Exchange( NYSE). We can confirm that Kerzner has received an extension from our lenders, and we continue to be ina ctive and constructive discussions with them. It remains business as usuala t all of our properties and resorts, the spokesperson said. That will likely be greete d with a sigh of relief by P rime Minister Hubert Ingraham and his govern ment, and not least Kerzn-er Internationals 8,000 Bahamian employees and all the service providers that rely on Atlantis and the One & Only Ocean Club for their contracts and jobs. It suggests that Kerzner I nternationals creditors and bondholders are at least willing to be a littlep atient with the resort own er/operator, and that negotiations over a debt restructuring are making progress. T ime Effectively, the company has a little more breathing space, a little more time inw hich to complete a restructuring and potential debt rollover. Reports in the Wall Street Journal suggested that Kerzner International was attempting to sell its 50 per cent stake in the Atlantis, The Palm resort in Dubai to the Dubai-gov ernment owned vehicle, Istithmar. Istithmar, whichw as its joint venture part ner in that resort development, is also a major equityh older in Kerzner Interna tional making it likely the deal would go through. The deal would likely r aise between $250-$350 m illion, and it seems likely that Kerzners creditors are prepared to give this deala chance to complete. It certainly appears as if the Atlantis owner needs to throw them a bone, hand ing at least some of their principal back. But, while the signs are promising, no deal is a deal until it is sealed. It is still possible that a creditor, or group of creditors, may give Kerzner International a sticky rollover or debt restructuring if they fear they mayn ot recover 100 per cent of their money. As Tribune Business r eported last week, any default by Kerzner International would send shockwaves through theB ahamian economy, espec ially if it led to the credi tors displacing Sir Sol and his management team andt aking control of the com pany, either themselves or through receivers. Their priority would be to prepare Kerzner International for a sale, and this would involve cost cut ting. No doubt this would see hundreds of Atlantis staff let go, as well as Bahamian supplier contracts. ATLANTIS GAINS 1,300 ROOM CONCERT BOOST FROM page one CAMARILLO, Calif. Associated Press THE AVERAGE U.S. price of a gallon of gasoline is up nearly six cents over the past two weeks. That's according to the Lundberg Survey of fuel prices, released Sunday, which puts the price of a gallon of regular at $3.67. Midgrade costs an average of $3.82 a gallon and premium was at $3.93. Diesel was up three cents, to $3.95 a gallon. Of the cities surveyed, Tucson, Ariz., had the nation's lowest average price for gas at $3.32. Chicago had the highest at $4.02. In California, the low est average price was $3.85 in Fresno. San Diegans paid the highest price at $3.95. The average statewide was $3.92,up about 20 cents. US NATIONAL GAS PRICESUP SIX CENT S IN THE P AST TWO WEEKS
A dding that the ways of d oing business employed by several Bahamian wholesalers would not work, Mr Finlayson said he was fully p repared for them to take C ity Markets to court over f unds allegedly owed to t hem. Y et he gave the stark w arning that this was a futile course. All monies invested in City Markets by TransIsland Traders, a vehicle owned by Mr Finlayson and his family, were in the form of debt rather than equity. This, Mr Finlayson said, p laced himself and his famil y ahead of any wholesaler in the list of creditors. And, i n a thinly-veiled reference to any attempts by creditors to wind-up City Markets through the Supreme Court, he added that the company today did not even have enough cash and other a ssets to repay his family. Essentially, Mr Finlayson is sending the message that i t is not in the interests of B ahamian wholesalers to p ush City Markets into a corner as they will never get their money back. Instead,h e is attempting to prod them to work with the supermarket chain. Were back to basically w here we were in December, where we started [took over the company], Mr Fin layson said, in response to Tribune Business queries about the status of City Mark ets relationships with the B ahamian wholesale indust ry. Retail and wholesale s ources have told this newsp aper repeatedly over the p ast few weeks and months t hat City Markets has been cut on, cut off again by Bahamas-based suppliers, Purity Bakery being the lat-e st to effect such a move. Many have placed the supermarket chain on a cash on delivery basis, and T ribune Business was told that some wholesalers were contemplating taking City M arkets to court for nonp ayment of funds it had prev iously agreed to hand over. Much of this debt was accu-m ulated under BSL Holdi ngs, the retailers owner prior to Mr Finlayson and his family. Explaining the whole saga, Mr Finlayson told Tribune Business: There was an agreement between us a nd the local suppliers, the B ahamas Wholesale Asso ciation. I began by not goingt o buy from them, because o f the stance they were tak i ng. It ended up taking six weeks before we came to ana greement. The agreement is on the old debt that was not incurred by me...... Ia greed to pay 50 per cent to them up front, and the rest to be paid over 18 months. We did that, and relieved t hat old debt, but key to that w as that they would give us five weeks of credit, which they agreed to. What they [the wholesalers] did after we signed was that they imposed a credit limit on us. M r Finlayson indicated t hat the credit limit had created severe problems for City Markets alreadystrained cash flow, forcing himself and his family to pump additional money in to cover supplier payments. Theyre [the wholesalers] a little better off, us having paid half at the beginning, b ut Im not willing to do b usiness with them on those t erms, he added. While not branding all w holesalers like this, as City M arkets was still working w ith several Bahamas-based s uppliers, Mr Finlayson said: They have their own ways of doing business, and its not going to work. A sked about potential court action being brought against City Markets by a group of Bahamian wholes alers, Mr Finlayson told Tribune Business he was prepared for this. We bought the shares in t his company for $1, and e very penny that my family has put in has been in debt,h e explained. That debt is as solid as any bank debt, and if they decide theyre going to court, I dont blame them but, in the final analysis, my familys debt will have to be paid off before any of theirs. T hey have a choice to w ork with us, or write that money off. If I was to liquidate, to d ate this company does not h ave enough money to pay the Finlaysons off. I was willing to work with them tos ave their businesses, along with this, but if they dont understand and are not will i ng to work with us, they are back in the same position they were prior to us buy ing the company. A nd, Mr Finlayson said, if it goes too much in their direction against me, his relationship with Super Value owner, Rupert Roberts, was strong enough to engi neer a similar deal to the $1 purchase price he paid forC ity Markets. It may not be the greatest deal in the world, but I could hand it over to him like it was handed to me, Mr Finlayson said. It might be the only way to get our money back. BUSINESS PAGE 4B, MONDAY, SEPTEMBER 12, 2011 THE TRIBUNE NOTICEIN THE ESTATE OF ELLAMAE GLINTON ROLLE aka ELLAMAE GLINTON late of Dew Gardens Cow Pen Road in the Southern District of in the Island of New Providence one of the Islands of the Commonwealth of The Bahamas, deceased. Notice is hereby given that all persons having any claim or demand against the above Estate are required to send their names, addresses and particulars of the on or before the 23rdday of September, A.D., 2011 and if required, to prove such debts or claims, or default be excluded from any distribution; after the above date the assets will be distributed having regard only to the proved debts or claims of which the Executor shall have had notice. And Notice is hereby given that all persons indebted to the said Estate are requested to make full settlement on or before the 5thday of September, A.D., 2011. SYDBRI LEGAL SERVICES Attorneys for the Executrix Naomi House No.19, Ninth Terrace, Centreville P. O. Box EE-15075 Nassau, Bahamas Mr Moss said post-hurricane repairs and restoration had gone exceptionally well and pretty much in line with what we had hoped for in New Providence and most other islands, apart from Eleuthera and Cat Island. Due to the heavy damage those islands sustained, the restoration has been a bit slower than we wanted, the BEC chairman conceded. This was because it took slightly longer than planned to mobilise manpower and equipment resources, andg et them to those islands. Estimating that it would probably take another week to fully restore power in Cat Island, Mr Moss said: In terms of the backbone in Eleuthera, the m ain trunk line between Rock Sound and Harbour I sland is largely completed. In Cat Island, the backbone will be in place by the middle of this week. T he BEC chairman estimated that Eleuthera was a bout 85-87 per cent restored, pointing out that a reas such as Harbour Island, Hatchet Bay, Wemyss Bight and Bannerman Town were 100 perc ent complete. Areas such as James Cistern, which w as 55 per cent restored to full power, Rainbow Bay, which was at just 1 per cent, and Windermere Island at 70 per cent were dragging the overall perc entage down. Mr Moss said the main lesson learned from Irene was that BEC repair and assessment teams did noth ave to wait for the all clear from the National E mergency Management Agency (NEMA m obilising and heading out on the road. For us, there was a little bit of a delay on our p art in terms of doing surveys, he conceded. There was a misunderstanding as to what the term all clear by NEMA meant. Some of our people felt they needed the all-clear before mobilising, which went contrary to internal procedures. That did have a little bit of a negative impact on terms of responding. Even on New Providence teams went out on the road a little bit later than t hey should have. That will be the one significant l esson learned. Still, Mr Moss said BECs repair and recovery t eams had done wonderfully well, implying that t hey had done a better job than their US counterp arts, who were faced with the damage from a much weaker Tropical Storm Irene. And media reports in nations such as Jamaica were looking at BEC, and the Bahamas in general, in a very positive light. People are looking to us for lessons learned in terms of our approach. BEC EXCHANGES FINAL FORM MOU ON RENEWABLES WHOLESALERS TOLD: WORK WITH CITY MARKETS OR WRITE OFF SUMS OWED F ROM page one FROM page one MADISON, Wis. Associated Press REPUBLICAN LEADERS in the Wisconsin Senate and Assembly said they intend to focus on jobs and the economy, not hot button social issues like abortion, during the Legislature's fall session that begins Tuesday but that likely won't start in earnest until late October. "I'm not going to go out of my way to kick the cat and generate a lot of animosity," said Republican Senate Majority Leader Scott Fitzgerald. Added his brother, Assembly Speaker Jeff Fitzgerald: "I don't think you're going to see anything too contentious brought to the floor. ... We're not going to lead with a bunch of social issues or anything." Democrats remain wary that Republicans will stick to that message, since it's the same thing they said before the start of the session in January before they got behind Gov. Scott Walker's proposal curbing public employees' collective bargaining rights, which resulted in weeks of chaos in the Capitol. T he top Democrat in the Assembly, Rep. Peter Barca of Kenosha, said Republicans should be more aggressive in pushing economic development and jobs bills instead of putting off action until October. The Assembly is only sched u led to be in session on Tues day before breaking until midOctober. The Senate isn't expected to meet much more than that, either. "I would think that most businesses and workers would be disappointed to hear that we're only going to meet oned ay in September and there's only one jobs bill," Barca said. "Hopefully, they'll be aggres sive and in October we really will have a meaningful agen da." Lawmakers are still trying to work out deals on major proposals, most notably one that would speed up the process of locating a new iron ore mine in northern Wiscon sin and another boosting ven ture capital for startup businesses. The Senate is also still trying to get organized after Democrats knocked off two incumbent Republicans in this summer's recall elections. "It would be a good idea for the Wisconsin Senate to begin to work together, as best we can," said Republican Senate President Mike Ellis of Neenah. "Our number one legacy ought to be start the parade of job creation and economic development." One of the most divisive bills being worked on is one that abortion foes want to require that women first have an ultrasound, and hear the baby's heartbeat, before being allowed to have an abortion. Another bill, being opposed strenuously by the University of Wisconsin, would ban research involving fetal body parts. A hearing on that proposal originally scheduled for last week was abruptly can celed, but its Republican sponsor said he expected it to be held later this month. But both Fitzgeralds said they didn't expect bills like that to be brought up for a vote, if at all, until next year. Walker said he wanted the focus of the fall session to be on the economy, much like the bulk of the special session he called in January that saw pas sage of bills extending tax breaks to companies and cre ating a new state economic development organization. "Things that distract or take us away from that focus are a real concern," he said. Walker refused to say whether he's told legislative leaders not to pass bills on abortion or other issues out side of the realm of economic development. "I have said repeatedly to lawmakers, I think we need to have a laser-like focus on the economy," Walker said. REPUBLICANS SAY L EGISLATURE WILL FOCUS ON JOBS
everything was tied in together, although Mr Finlayson declined to specify what everything was. That couldb e a reference to the long-prop osed sale of City Markets Eight Mile Rock store on Grand Bahama, with retail industry sources also suggesting that a combined offer for that site and the chains two stores in Freeport might be int he works. If City Markets goes ahead with the closure of the two fur-ther Nassau-based stores, it would mark a remarkablet ransformation in the fortunes of a supermarket chain that, a s recently as 2006, was a retail powerhouse, its then-12 stores churning out a regular $6-$7 million in annual neti ncome. Now it could be down to just five outlets, Lyford Caya nd Rosetta Street having c losed in early August. Much of the chains woes were inherited by Mr Finlayson from the d isastrous BSL Holdings ownership that preceded him, City Markets racking up around ac ombined $28 million net loss between summer 2006 to November 2010. Concerns over City Markets future prospects are likely to further intensify as a r esult, given the heavy losses, c ontinuing downsizing (albeit possibly temporary) and comments by its principal in rela-t ion to the Bahamian wholesale industry (see other artic le on Page 1B) M eanwhile, Mr Finlayson s aid the refrigeration and freezer repairs would be completed by Canadian outfit K iser Warren, who performed the same service under WinnDixies ownership and werep repared to provide a warrant y for their work. It looks like its going to cost $2.5 million, Mr Finlayson said of the estimated r epair costs. Theyve [Kiser W arren] been down, done a full assessment and were supposed to start on Thursday. Weve put it off until we get our heads wrapped around it. T he key issue facing the c ompany was whether to close o ne or both of the South Beach and Seagrapes outlets, Mr Finlayson explained, as one of them is worse than the other. We definitely want to try a nd get them up and running b efore Christmas, but it depends on how severe the problems are, he told Tribune Business. Theres no two ways about it; we have to closet hose stores down and resolve the issues at the same time. Over the next few days w ell make some strong decisions as to what to do. The options are to close one orc lose two on a temporary basis. Were doing the numbers now to see which onem akes more sense at this p oint. We definitely have to take advantage of these two slow months. Mr Finlayson said the refrigeration issues were also preventing City Markets fromp roperly supplying the two impacted stores. The supermarket chain had just received orders from its US suppliers, restocking inventory consumed for Hurricane Irene, but these remained in its ware h ouse. Instead of putting them out, we dont want to put morep roblems on top of existing problems, Mr Finlayson explained in relation to the t wo stores. A nd he added: We had a good hurricane week. We bumped up about 30 per centi n sales, but the problem is the following two weeks peoples pantries are already full, and we did not have a full ware h ouse of product. Replacement inventory was o n the way, but City Markets h ad been just -80 per cent of the way there in stocking its shelves prior to Irene. When the hurricane came, it took us back to the positionw e were in months before, M r Finlayson said in relation t o inventory. And he added: We have certain stores that are outperforming the others. The question is: What do we need tod o to fix the ones not perf orming. It seems that no matt er what we do, they have not turned the corner yet. The overall performance of the company is not what we want it to be. Out of the sixm ain stores [excluding Eight Mile Rock], three of them are p rofitable and operating at a p rofit. The other three havent made it yet; theyve not quite turned the corner. The reason theyve not turned the corner is the expense associated with refrig-e ration and associated s poilage. Still, Mr Finlayson said City Markets could not do without its three other loss-making stores. Fixing the refrigeration, he added, was key, as the whole idea is to get these stores to perform at the level we need to be a profitable company Its a smaller company, not requiring as much capital as we thought would be needed.W eve done the majority of what we need to do to turn this company around. B ahamas Supermarkets' latest financials showed that for the nine months to March 9, 2 011, the supermarket chain h ad generated an operating loss of $10.695 million. With an $14 million operational lossf or the full year, that implies the company sustained another operating loss, of around $3.305 million, during the t hree months to end-June. BUSINESS T HE TRIBUNE MONDAY, SEPTEMBER 12, 2011, PAGE 5B 6 6((.,1* &$1','$7(6 )25 7+( 326,7,21 2) 1)250$7,21 7 (&+12/2*< 6 3(&,$/,67 5HVSRQVLELOLWLHVZLOOLQFOXGHEXWDUHQRWOLPLWHGWRWKHPDQDJHPHQW t PDLQWHQDQFHRID :LUHGt:LUHOHVV:LQGRZVHWZRUN 'DWDt9RLFH&RPPXQLFDWLRQV\VWHPV 6XUYHLOODQFH\VWHPV 5HVSRQVLELOLWLHVZLOODOVRLQFOXGH 7UDLQLQJVWDIILQWKHXVHRI%XVLQHVV$SSOLFDWLRQV 5HVHDUFKLQJtLPSOHPHQWLQJWHFKQRORJLFDOLQQRYDWLRQV WKURXJKRXWWKHFRPSDQ\ 5HTXLUHPHQWV 0LFURVRIW:LQGRZVHUYHUHUYHU$GPLQLVWUDWRU &,73f 0LFURVRIW&HUWLHG\VWHPV$GPLQLVWUDWRU&6$f 7KUHHWRYH\HDUVZRUNH[SHULHQFHZLWKWKHVHGHVLJQDWLRQV ZRXOGEHDQDVVHW 7KLVSRVLWLRQLVIRUDQLQGLYLGXDOZLOOLQJWRGHPRQVWUDWHDORQJWHUP FRPPLWPHQWWR&RFD&RODVGHYHORSPHQWtH[SDQVLRQ,QUHWXUQZH RIIHUDJUHDWJURXSRISHRSOHWRZRUNZLWKH[FHOOHQWEHQHWVDQGD UHPXQHUDWLRQSDFNDJHGHSHQGHQWRQTXDOLFDWLRQVDQGH[SHULHQFH 7KHVXFFHVVIXOFDQGLGDWHPXVWEHDVHOIVWDUWHUH[WUHPHO\RUJDQL]HG DEOHWRHIIHFWLYHO\SULRULWL]HZRUNORDGVDQGH[KLELWJRRGLQWHUSHUVRQDO t FRPPXQLFDWLRQVNLOOV ,I\RXDUHLQWHUHVWHGLQDFKDOOHQJLQJFDUHHUGHVLJQHGWREULQJRXWWKH EHVWLQ\RXLQDSURJUHVVLYHHQYLURQPHQWVHQG\RXUHVXPHRQRU EHIRUH 6HSWHPEHU UG -DQLFH)RXQWDLQRVV +XPDQHVRXUFHVDQDJHU 3 1DVVDX%DKDPDV 2UE\(PDLOWRFEFDFFRXQWV#FEFEDKDPDVFRP corporate business houses. Its going to take a whole and we have to be patient, but its going in the right direc-t ion. M r Lee told Tribune Business that Teknion were taking the partnership with him seriously, and next month two of its senior vice-presidents were due to visit the Bahamas, going with him to meet major architectural firms, as well as the business,h ealthcare and hospitality community. It does give me the ability to bring a level of service a lot of small businesses are not able to deliver locally, Mr Lee said of the Teknion tie-up, pointing that the company was ranked among North Americas top f ive office manufacturers. Its critical for Lee Interiors to have a p artner so I can tackle any project of any scale, he added. We are definitely going to see if we can have some success with that [Teknion] locally........ Theyre very excited about having B ahamian representation, and are very comm itted. Im very excited about where this is going, and intend to bring value and be very competitive. Its very difficult to say, but we project we will do in the hundreds of thousands within one to two years. If were not doing that, were not doing it [Teknion] justice here. T he company had employed the same m odel it was using in the Bahamas quite s uccessfully in other countries in the Caribbean, and Mr Lee said: The idea is to have lower overheads, so we can pass some of these savings on to clients, and they know that the price they are paying is very competitive. W hile initially operating from his home, he a dded: We will be looking at some warehousing, and then a showroom, but that will be down the line. Feedback from the business, hospitality and architectural community had already been positive, and Mr Lee added: Theyrer eally looking forward to it to be able to move ahead and have another solid option in office furniture. He also plans to offer project management and office moving services, telling this newspaper: A lot of small firms do not have someone in house t handle that, so thatsa nother service we can offer. CITY MARKETS EYES 2 MORE STORE CLOSURES FROM page one PARTNERSHIP EYES SALES IN HUNDREDS OF THOUSANDS FROM page one
BUSINESS PAGE 6B, MONDAY, SEPTEMBER 12, 2011 THE TRIBUNE NEW YORK Associated Press THElast time the Federal Reserve came up with a big plan to help the economy, it t otaled $600 billion and touched off a 28 percent rally in the stock market. But if the Fed takes any new steps, as many people expect, it won't look anything like that. Look for s mall ball, not a home run. I nvestors are wondering w hat Fed Chairman Ben Bernanke has up his sleeve. The economy is in danger of sliding back into recess ion, and the stock market h as taken a hit this summer down 10 percent since Aug. 1. A nd "Operation Twist," a s Fed-watchers are already calling it, in a nod to economic history, probably will help the economy and the stock market. Just not much. At best, Goldman Sachs economists say, it may i ncrease economic growth b y 0.5 percentage point. That would help after all, t he economy only grew at a 0 .7 percent annual rate in t he first half of 2011. But it's a far cry from what it would take to get thee conomy back to full health. In decent years, the economy grows more than 3 per cent. L ong-term interest rates, meanwhile, probably won't c ome down more than 0.2 p ercentage point after any new Fed action. What people pay for loans on houses and cars won't fall nearly as much. And any bump for the s tock market will probably b e short. M ichael Hanson, a senior economist at Bank of America Merrill Lynch and a former Fed economist, says many investors tell him they think the Fed is cooking upa major initiative because of t he carnage in the stock m arket. I think they're going to get disappointed," he says. The Fed's options are limited, economists say, b ecause it's already used most of its ammo. Last fall, it launched a p rogram to buy $600 billion i n government bonds, with t he goal of driving down l ong-term interest rates. T hat was the Fed's second r ound of what's known as quantitative easing nicknamed QE2. Stocks rallied 28 percent from August 2010, when Bernanke announced the program, to April. A Fed study credited the p rogram with cutting longterm rates by 0.2 percentage p oint. The yield on the 10y ear Treasury, a benchmark f or lending rates throughout the economy, has dropped m ore than 0.5 percentage p oint since QE2 was announced. Doing it again, though, could raise worries among money managers about inflation. Critics say the Fed i s essentially printing money w hen buying all those bonds a nd more cash in the economy will eventually lead to higher prices. Just that fear can trigger inflation. If money managers are fretting about inflation, they're more like to buy oil, g old and other commodities a s a hedge, driving up their p rices and making the cost of gas, food and other things higher for everyday people. Another worry is that a s trong move by the Fed would be met with a stronger backlash from Cong ressional Republicans. I n any case, Hanson says, b uying bonds is probably n ot the best medicine for the e conomy right now. Quantit ative easing works best to stop prices from falling, he says, but overall consumer prices have risen 3.6 percent over the past year. What the economy needs, many economists say, is a nother round of stimulus f rom the government. Bernanke, International M onetary Fund chief Christ ine Lagarde and other top e conomists have urged Congress to do just that. Instead, Republicans in C ongress have demanded spending cuts, and Democrats have gone along. President Barack Obama proposed a $447 billion plan last week to spur job growth,a mix of tax cuts and new s pending. Economists figu re it could boost econom ic growth by 2 percentage points and add 2 millionj obs. Hanson and others doubt that Obama's entire proposal will make it through C ongress, though. The first hints of "Operation Twist" could come S ept. 21, at the end of the F ed's next policy meeting. F ed-watchers named it a fter a move by the K ennedy administration in 1 961 to cut long-term rates without touching shortterm rates. At the time, Chubby Checker's Twist was the dance craze. The Fed has outlined the basics steps: It would buy l ong-term Treasurys with cash raised from unloading Treasurys due in the next f ew years. Wall Street e conomists estimate the F ed could spend between $200 billion and $300 billion. I n theory, that should put pressure on long-term interest rates to fall even further and encourage peo p le and businesses to spend more because borrowing money will be cheaper. "It's a low-risk way to h elp the economy," says Thomas Simons, market economist at Jefferies. B ut it's a low-risk effort t hat will probably yield low r ewards. The interest rate o n the 10-year Treasury n ote, a benchmark for l oans across the economy, may not budge. And besides, there's little evidence falling long-term interest rates are doing much good, Goldman's economists say. M any economists and investors believe the Fed's move will give stocks a lift. W hen the Fed buys bonds, i t drives up the prices, w hich makes stocks a more attractive investment by comparison. T hat's a goal for the Fed because a rising stock mar ket lifts confidence in the economy as a whole. Thep roblem is that rates are already at historic lows and it hasn't stopped mon ey managers from pouring m oney into Treasurys. "The cost of borrowing isn't really the problem," s ays Paul Ashworth, chief U .S. economist at Capital E conomics. B efore the financial crisis h it in 2008, lower borrowi ng costs usually encouraged companies to spend more and homeowners to refinance their mortgages. Not anymore. Companies are sitting on $2.9 trillion in cash and a fraid to hire people until demand picks up. And not enough people are taking a dvantage of low interest r ates to turn around the h ousing market. So should the Fed even try "Operation Twist"? It's the best tool they've got," Ashworth says. "I don't think it's going to hurt, but I don't think it'sg oing to help much, either. Still, that doesn't mean they shouldn't try." DON'T EXPECT A HOME RUN FROM THE FED FEDERAL RESERVE CHAIRMAN Ben Bernanke. (AP Share your news The Tribune wants to hear f rom 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 a ward. If so, call us on 322-1986 and share your story.
SAN FRANCISCO Associated Press ANONYMOUSis not so anonymous anymore. The computer hackers, chat room denizens and young people who comprise the loosely affiliated Internet collective have increasingly turned to questionable tactics, drawing the attention of the FBI, the Departmentof Homeland Security and other federal investigators. What was once a small group of pranksters has become a potential national security threat, federal officials say. The FBI has carried out more than 75 raids and arrested 16 people this year in connection with illegal hacking jobs claimed by Anonymous. Since June, the Department of Homeland Security has issued three "bulletins" warning cybersecurity professionals of hacking successes and future threatsby Anonymous and related groups, including a call to physically occupy Manhattan's Wall Street on Sept. 17 in protest of various U.S. government poli cies. San Francisco police arrested more than 40 protesters last month during a rowdy demonstration organized by Anonymous that disrupted the evening commute. The group called for the demonstration after the Bay Area Rapid Transit system shut off it cell service in San Francisco stations to quell a planned protest over police shooting on a subway platform. "Anonymous' activities increased throughout 2011 with a number of high-profile attacks targeting both public and pri vate sector entities," one of the bulletins issued last month said. Some members of the group have also called for shutting down Facebook in November over privacy issues, although other Anonymous followers are disavowing such an attack underscoring just how loosely organized the group is and how problematic it is to police. "Anonymous insist they have no centralized operational leadership, which has been a significant hurdle for government and law enforcement entities attempting to curb their actions," an Aug. 1 Homeland Security bulletin noted. "With that being said, we assess with high confidence that Anonymous and associated groups will continue to exploit vulnerable publicly available Web servers, websites, computer networks, and other digital information mediums for the foreseeable future." Followers posting to Twitter and chatting in Internet Relay Channels insist there are no defined leaders of Anonymous and that it's more of a philosophy than a formal club, though a small group of members do the most organizing online. "Anonymous is not a group, it does not have leaders, people can do ANYTHING under the flag of their country," wrote one of the more vocal members who asked not to be identified. "Anything can be a threat to National Security, really," the member said in an email interview. "Any hacker group can be." The member said that the group as a whole wasn't a national security threat, but conceded some individuals acting as Anonynous may be considered dangerous. DHS' latest bulletin, issued Sept. 3, warned the group has been using social media net works to urge followers work ing in the financial industry to sabotage their employers' computer systems. The DHS warning comes on the heels of several Anonymousled protests of the Bay Area's transit agency that led to FBI raids of 35 homes and dozens of arrests, as well as to the indictment of 14 followers in July on felony computer hacking charges in connection with a coordinated "denial of service attack" against Paypal's website last year. Security officials said the "DDoS" attacks occur when a website is overwhelmed by malicious messages carried out by thousands of followers, usually with easily downloadable software. "Anonymous has shown through recently reported incidents that it has members who have relatively more advanced technical capabilities who can also marshal large numbers of willing, but less technical, participants for DDoS activities," the August DHS bulletin said. Anonymous orchestrated the crashing of Paypal late last year after the online financial service suspended Wikileaks' account after the website published confidential diplomatic cables and other sensitive U.S. government intelligence. The group also targeted Visa, Mastercard and others for the same reason and has carried out several other hacks during the year. Last month, for example, the group claimed responsibility for hacking a website belonging to the Bay Area Rapid Transit agency and releasing personal information of 2,000 passengers. "Anonymous is incredibly active," said Josh Shaul, chief technology officer of Application Security, Inc., a New Yorkbased provider of database security software. It's rare to have a hacking group willing to work outside of the shadows. These guys are quite brazen." Anonymous emerged in 2003 from an Internet chat channel where members organized random Web incidents for their own amusement. By 2008, the prankster nature of Anonymous morphed into "hacktivism," where members sabotaged websites and leaked confidential information for political purposes. Investigators suspect a splinter Anonymous group known as LulzSec was responsible for a June 15 denial of service attack on the CIA's public website. This summer, Anonymous claimed credit for hacking into a Booz Allen Hamilton website and leaking email addresses of 90,000 U.S. military personnel and hacking a Monsanto Co. website and releasing personal data of 2,500 employees. Until July, law enforcement officials around the world had arrested just a handful of suspected hackers thought to be affiliated with Anonymous. But on July 19, the FBI fanned out across the United States and raided more than 35 homes, seizing dozens of computers and arrested 16 on charges that they participated in the Paypal attack. In response, Anonymous said it hacked a website on Sept. 1 belonging to police chiefs in Texas. The group posted personal information such as emails about internal investigations before the site was shut down. FBI investigators in court filings said that the raids and arrests were made from a list of 1,000 computer users that Paypal cyber-security workers identified as the most active attackers. The fourteen appearing in San Jose federal court have pleaded not guilty and were released on bail after promising not to access Twitter, Facebook and other social media sites. Most of the defendants were younger than 30. Security experts and the Department of Homeland Security say most of Anonymous followers are socalled "script kiddies," young people who carry out the attacks and who are "less skilled hackers" than the vocal group members who call for the protests and attacks. The DHS defines script kiddies as: "Unskilled individuals who use scripts or programs developed by others to attack computer systems and networks and deface websites." BUSINESS T HE TRIBUNE MONDAY, SEPTEMBER 12, 2011, PAGE 7B &20021:($/7+)+(%$+$0$6 ,1+((0(&2857 &20021/$$1'(48,7<',9,6,21 ,17+(0$77(5 RIWKH3URSHUW\FRPSULVHGLQ DQ,QGHQWXUHRI0RUWJDJHGDWHGWKH WK GD\RI 1RYHPEHUDQGPDGHEHWZHHQ.HQGULFN 5ROOHDV%RUURZHUDQG)LUVW&DULEEHDQ,QWHUQDWLRQDO %DQN%DKDPDVf/LPLWHGDV/HQGHU $1',17+(0$77(5 RIWKH&RQYH\DQFLQJDQG /DZRI3URSHUW\&KDSWHURIWKH5HYLVHG 6WDWXWH/DZVRIWKH&RPPRQZHDOWKRI7KH %DKDPDV %(7:((1 ),567&$5,%%($1,17(51$7,21$/%$1.%$+$0$6f/,0,7(' 3ODLQWLII $1' .(1'5,&.//( 'HIHQGDQW 127,&()+(,*,1$7,1* 7 .(1'5,&.//( WK 6WUHHWWKH*URYHDVVDX7KH%DKDPDV 7$.(127,&( WKDWDQDFWLRQKDVEHHQFRPPHQFHGDJDLQVW\RXLQWKH 6XSUHPH&RXUWEHLQJ$FWLRQRI ),567&$5,%%($1 ,17(51$7,21$/%$1.%$+$0$6f/,0,7(' LWV&ROOHFWLRQVHFRYHU\ 'HSDUWPHQWVLWXDWHDW,QGHSHQGHQFH+LJKZD\1DVVDX7KH%DKDPDVLQZKLFK WKH3ODLQWLILVFODLPLQJGHOLYHU\XSRISRVVHVVLRQRIWKHPRUWJDJHGSUHPLVHV GHVFULEHGLQDQGPDGHSXUVXDQWWRWKH'HHGRI0RUWJDJHGDWHGWKH WK GD\RI 1RYHPEHUDQGPDGHEHWZHHQ\RXDV%RUURZHUDQG)LUVW&DULEEHDQ ,QWHUQDWLRQDO%DQN%DKDPDVf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fRIWKH,QWHUQDWLRQDO%XVLQHVV&RPSDQLHV 9,1&+(1/,0,7(' LVLQ'LVVROXWLRQ 7KHGDWHRIFRPPHQFHPHQWRIGLVVROXWLRQLVWKHWKGD\ RIHSWHPEHU 'DYLG*HRUJH-HQQHU RI %XUUDUGWUHHW 6W+HOLHU /LTXLGDWRU HACKER GROUP DRAWS INCREASED SCRUTINY FROM FEDS
THESSALONIKI, Greece Associated Press G REECE'Scashs trapped government said S unday it would impose a new property tax on top of existing austerity measures, to compensate for a reve nue shortfall that is threate ning to disrupt its vital i nternational bailout prog ram. T he government also d ecided, in a symbolic move aimed at a public angry at politicians, to dock a month's pay from all elected officials from the head of state to the country's 325 m ayors. It is better that we all lose something than lose everything, forever," Prime Minister George Papandreou said at a news conference in Greece's secondlargest city of Thessaloniki. H e said Greece is in a c onstant fight to ensure it c an continue paying salaries a nd pensions, "which we guarantee," and rejected talk of the country leaving the common European currency and returning to its old monetary unit, the drachma. For a country to leave any country, I'm not necessarily talking about G reece it will create a d omino effect, a pressure on other countries, and will remain as a wound, if not the beginning of the breakup of the entire system," he said. Papandreou, whose part y is trailing the main oppos ition conservatives in opini on polls, also ruled out earl y elections. He said he had discussed forming a coalition government with the conservatives, who he said "were not mature enough for it, and still are not" Debt-crippled Greece u rgently needs to keep a p rogram of cutbacks on track to secure the continu ed flow of international rescue loans worth e uro219 billion ($302.6 billion) protecting it from a catastrophic bankruptcy. In Germany, the government's vice chancellor r aised the possibility of lett ing Greece default, should the "necessary instruments" b e available for such a m ove. The statement by P hilipp Roesler, who is also economy minister, comes amid an unsourced report in Der Spiegel weekly that Germany's finance ministry has been working up two different scenarios to accommodate a Greek default. The ministry had no immediate comment on the report Sunday. R oesler told the Monday e dition of Germany's Welt daily there should be "nol imits to thinking" of poss ible scenarios of how to end the euro crisis. Germany has taken on a leading role in helping to bail out other members of the 1 7-nation eurozone, but is d emanding changes to E urope's fiscal policy be m ade in the long term. O ver the past 20 months, G reece's Socialist government has cut pensions and salaries while raising taxes and retirement ages. But its efforts to cut back while reviving a fast-contracting economy amid record u nemployment have faltered, sparking new market distress. F inance Minister Evang elos Venizelos said the n ew property tax will be levied over the next two years and will cost citizensa n average of euro4 ($5.53 per square meter (10.76 sq. feet), tapping some euro400 billion ($546 billiono f real estate. Speaking after a threehour cabinet meeting in Thessaloniki, Venizelos saidt he new property levy in addition to public sector reforms announced last week will make up for lagging revenues this year b y providing more than e uro2 billion ($2.76 billion a bout 1 percent of annual g ross domestic product. The levy and the r eforms are enough for us to pull through, but that also depends on the response of Greek society," he said. "It will be sufficient for us to achieve our targets." V enizelos added that, if the measures work, Greece can expect a 2012 budget d eficit of euro17.1 billion, a lmost 8 percent of GDP a nd slightly higher than the previously predicted 7.6 percent. For 2012, he saidh e expected a primary surplus of euro3 billion. The primary surplus does not include the cost of servicing the country's massive p ublic debt. H e warned, however, t hat the economy was e xpected to shrink at an e ven faster pace than e xpected, contracting 5.3 percent in 2011. On Saturday, Papandreou delivered his annual keynote speech on the economy in Thessaloniki, pledging to meet fiscal targ ets despite the economic slowdown. As the prime minister s poke, riots raged on the s treets outside during an a nti-austerity protest by some 25,000 people. Police arrested nine suspectedr ioters, while nine officers and 10 demonstrators were injured. BUSINESS PAGE 8B, MONDAY, SEPTEMBER 12, 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% 11.108.29Cable Bahamas8.488.480.000.2450.31034.63.66% 2.802.35Colina Holdings2.552.550.000.4380.0405.81.57% 8.508.33Commonwealth Brewery8.508.500.000.7400.00011.50.00% 7.006.21Commonwealth Bank (S1 6.886.880.000.4960.26013.93.78% 2.001.63Consolidated Water BDRs1.621.60-0.020.1110.04514.42.81% 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 5.755.750.002,0000.4350.22013.23.83% 1.001.00Focol Class B Preference1.001.000.000.0000.000N/M0.00% 7.305.50ICD Utilities7.307.300.00-0.1220.240-59.8 3.29% 10.809.80J. S. Johnson9.829.820.000.8800.64011.26.52% 10.0010.00Premier Real Estate10.0010.000.001.2070.2008.32.00% 52wk-Hi52wk-LowSecuritySymbolLast SaleChangeDaily Vol. 99.4699.46Bahamas Note 6.95 (2029BAH2999.460.00 100.00100.00Fidelity Bank Note 17 (Series A) +FBB17100.000.00 100.00100.00Fidelity Bank Note 22 (Series B) +FBB22100.000.00 100.00100.00Fidelity Bank Note 13 (Series C) +FBB13100.000.00 100.00100.00Fidelity Bank Note 15 (Series D) +FBB15100.000.00FINDEX: 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%FRIDAY, 9 SEPTEMBER 2011BISX ALL SHARE INDEX: CLOSE 1,398.21| CHG -0.02 | %CHG 0.00 | YTD -101.30 | YTD % -6.76BISX 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-LowSymbolBid $ A sk $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%Last 12 Months %NAV 3MTH 1.57791.4674CFAL Bond Fund1.5779263.39%5.87%1.548717 3.02482.9020CFAL 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% 13.800113.2291Royal 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 GREECE IMPOSES NEW PROPERTY TAX TO PLUG SHORTFALL GREEK PRIME MINISTER George Papandreou, right, backed by his Finance Minister Evangelos Venizelos talks to the media during a press conference in Thessaloniki, Greece on Sept. 11, 2011. Greece's cashstrapped government said Sunday it would impose a new property tax, on top of existing austerity measures, to contain this year's revenue shortfall and achieve a primary surplus in 2012. (AP CAIRO Associated Press EGYPT'Sbenchmark stock index fell slightly on Sunday, weighed down by investor unease after the storming of Israel's embassy and protests in Cairo over the weekend. Inflation, meanwhile, eased in August to 8.5 percent on a slower increase in food prices. The Egyptian Exchange's EGX30 index closed almost 1.2 weaker, at 4,698 points the first day of the trading week. The index's year-to-date losses are at about 34 percent. "To be honest, we were expecting a lot worse than this maybe a fall of 3 to 4 percent," said Khaled Naga, a senior bro ker with Mega Investments. "Even so, I'm not recommending anyone buy at this time. ... There could still be a lot of problems cropping up this week." The storming of the Israeli Embassy over the weekend was the most serious challenge to relations between the two coun tries since the signing of the Camp David peace accords in 1979. An angry mob, for hours, lay siege to the embassy, trapping six Israeli guards in a safe room before they were rescued by Egypt ian commandoes. In addition, the head of Egypt's current military rulers was slated to testify in the trial of his ousted former boss, President Hosni Mubarak, who is facing charges in connection with the death of hundreds of protesters during the first days of the Jan. 25-Feb. 11 uprising. The court has imposed a gag order on the testimony over the coming week, and beyond, to avoid enflaming protesters who have been clamoring for Mubarak to be found guilty and sentenced to death. But in a surprise move, Field Marshal Mohammed Hussein Tantawi did not appear in court and another date was set for the testimony. The problem in Egypt "is that things go up in flames in a matter of 15 minutes," said Naga. But in a measure of good news, the government's statistical arm announced Saturday that annual urban inflation had dropped to 8.5 percent in August, from 10.4 percent in July. The decline came as food inflation, which accounts for over 40 percent of the consumer price index, increased at a slower pace in the month 12.2 percent compared with 16.7 percent the prior month. Food inflation, in particular, was seen as one of the factors that fueled Egyptians' frustrations ahead of the Jan. 25 revolution, and a decline in that key figure could help ease some of the economic pressure the country's more than 80 million citizens feel daily. Analysts warned, however, that Egypt still faced major pressures in trying to retrench and rebuild its economy, even as the country recorded GDP growth of 1.8 percent in the 2010-2011 fiscal year. London-based Capital Economics, which is forecasting that GDP will contract by 1 percent in the current fiscal year, said in a recent research note that given the current global economic climate, "it is too early to expect a rapid recovery." The incident at the Israeli Embassy spoke not only to the anger over the shooting death of six Egyptian soldiers along the country's border with Israel last month, but also the hostility toward the Jewish state many feel in the country despite the peace agreement. The soldiers were killed as Israeli troops pursued militants who had launched an attack inside Israel that killed eight Israelis. It also reflected the pressures and challenges confronting Egypt's military rulers, who are balancing often opposing ends of placating an irate Egyptian populace after Mubarak's ouster and pushing the country toward an elected civilian leadership. The 18-day uprising that began in late January opened the floodgates to decades of pent up resentment over a widening income disparity, shoddy salaries, poor social and educational systems and the general sense in the Arab world's most popu lous country that opportunities were something that came through nepotism and cronyism versus skills and perseverance. The continuing mass protests have battered Egypt's economy, undercutting vital tourism revenue and crimping foreign direct investment. In a reversal of an earlier decision that would likely have done little to spur tourism, the government froze a ruling requiring tourists and other visitors to apply for visas before arrival in the country, the official MENA news agency reported, citing the deputy tourism minister. EG YPT S TOCKS DROP ON ISRAELI EMBASSY ATTACK
T T H H E E S S T T O O R R I I E E S S B B E E H H I I N N D D T T H H E E N N E E W W S S M M O O N N D D A A Y Y , S S E E P P T T E E M M B B E E R R 1 1 2 2 , 2 2 0 0 1 1 1 1 By NOELLE NICOLLS Tribune Staff Reporter email@example.com J ust over twenty years ago, the notorious regime of the Medellin Cartel came to an end, when a long series of gun battles resulted in Colombianp olice killing drug leader Pablo Escobar. Mr Escobar was said to be a violent mer cenary responsible for the murder of hundreds of government officials, police, pros ecutors, judges, journalists and innocent bystanders. He was the last survivor in the powerful drug cartel, infamous for its violent past and of smuggling cocaine into the United States. This article is not about cocaine or drug cartels; how ever, it is useful to understand what the Medellin Cartel represents to understand the extent of the oppression felt by petroleum retailers in the Bahamas in relation to their petroleum bosses, Esso, Shell, Chevron and the Freeport Oil Holdings Company, Ltd. (FOCOL The Medellin Cartel, you know they are notorious for killings and murders; they have more heart than oil wholesalers in the Bahamas. They have more love for their victims than oil companies have love for the Bahamas, claimed one gas retailer, who wished to speak anonymous ly. Take Esso, for example, owned by the most profitable country in the world, Exxon Mobile. Esso is king in this town, said one government source. Esso owns the only jetty at Clifton Pier that pumps oil from the barges into racking trucks for distribution. Esso collects millions in transfer fees from the largest wholesaler, the Bahamas Electricity Corporation (BEC with all of the other private wholesalers, for use of its jet ty. In turn, according to Leslie Miller, former Minister of Trade and Industry, the oil company pays the government a pittance of $10,000 annually to rent the sea bed. He said the Bahamas is the third largest consumer of oil in the English speaking Caribbean. That is right, according to Mr Miller, Esso pays the Bahamian people $10,000 a year, to run an extremely profitable business at one of the most important historical sites in New Providence. It pays $10,000 a year to operate a business that routinely con taminates the air quality and the sea quality at one of the most sacred old sea ports in New Providence. And the Bahamian people, the government included, are powerless to do anything about it. What does that say about the notion of Bahamian sover eignty? This fee dates back more than 40 years, according to Mr Miller, during the era of the United Bahamian Party (UBP gone unchallenged since, he said. When he got wind of the situation as minister and agi tated for change, Mr Miller said he was shortly after trans ferred from trade and indus try to agriculture and fisheries. This unsurprising move is indicative of the powerful external forces at work in Bahamian politics. Esso is reputed to charge the highest rents, between $15,000 and $24,000 per month, and the highest fran chise fees, 8 per cent, at its retail sites. One retailer claims that it is cheaper to rent square footage for a store in New York City, one of the most expensive cities in the world, than square footage on Bahamian soil to franchise an Esso service station. The franchise agreement is a noose around the neck of Bahamian business people, dictating everything from stock levels, operating hours, dress codes, layout of the con venience store, and products to be sold. One retailer said his service station makes no money between 1am and 6 am, but he is forced to stay open and pay people to watch a building because his slave masters say so. There is supposed to be a fundamental separation between the wholesale business and the retail business, according to the national investment policy, say retailers; however, in practice, the separation is a lie. When Chevron took over from Texaco a few years ago, retailers say this relieved some of the burden on Texaco retailers, because they no longer took out a percentage in franchisee fees, but word has it that Chevron is cur rently being sold again, so there is no telling what the future could hold. Nothing is at the discretion of the dealers. They are basically powerless. They are puppets for the oil compa nies, he said. Retailers incur all of the costs of site maintenance, including equipment repair, landscaping, plumbing, electricity, water, staffing. The oil companies mandate that their retailers pay exorbitant fees for useless cus tomer service training. Even though the oil companies insure their buildings and equipment, they mandate retailers also pay insurance: not for security reasons, but so that the oil companies can obtain a lower rate of insurance on their payments. To alter the conditions of a franchise agreement for a gas retailer would mean clo sure, because the oil compa nies could yank their equipment and close up shop, leaving the retailer saddled with No mercy from oil giants S S E E E E p p a a g g e e 9 9 B B
debt to a bank that ultimately cares only about getting paid. The list of complaints goes on, and they are relevant, not only to Esso, but all of the oil companies, including Sun Oil Bahamas, which uses the Shell brand under license. Retailers claim, The sunshine boys took over from the Bay Street boys and carried on the same old tactics. FOCOL is owned by a mixed bag of political types with Franklyn Wilson and Sir Orville Turnquest among the shareholders. Sun Oil Bahamas is a subsidiary of FOCOL. These views, nonetheless, stand in stark contrast to views expressed by others, like the former energy minister, who cautioned me not to be fooled by the crocodile tears of gas retailers. Mr Miller pretty much labelled some of them as greedy scoundrels who could not be trusted, because, in his view, their constant cries for margin increases are unfounded. One gas station owner said about three years ago he was able to make $200-$250,000in annual profit. At that rate of profitability, Mr Miller suggested there was nothing wrong with the margins. Another gas retailer said those profit levels are the stuffo f fantasy today; in less than one year his overdraft with the bank quintupled. There isno doubt, retailers carry a heavy load. They virtually subsidise the industry, said one source. With so much debt to contend with, it is not easy to get out, and with no power, it is hard to survive. Although full of enthusiasm and insight, Mr Miller speaks with an embittered h eart. He said he was able to b ring about $80 million worth of savings in the pockets of Bahamian consumers, forwhich he is very proud. But he admits, in the face of very powerful forces working against the interests of the Bahamian people, he failedto create fundamental change in the local industry. At almost every turn Liquefied Natural Gas, Petro Caribe his efforts were rejected by the Bahamian people, the Bahamian government and various unseen, external forces. Mr Miller claimed that the United States government, through the Embassy in Nassau, was one of those powerful forces working counter to the interests of the Bahamian people. They would pressure the Bahamian government to back off the oil companies. Naturally, the US Embassy in the Bahamas is here to secure the interests of its citizens and corporations, the latter being more important, despite the rhetoric. It is claimed that oil companies are so powerful globally that they even have the American government, senators and congressmen included, slaving for them, inside and outside their own country. Imagine how much power the Bahamian government, much less the local gas retailers, would have in face oft hose geopolitics. Profit margins are only one part of the debate. The more fundamental argument is about the nature of the rela tionship between wholesalers and retailers. Any reasonable analysis of the Bahamian oili ndustry, weighed with global oil politics, would determine there is an inherent lack of equity with the current structure, and local gas retailers get the shortest end of the stick. There is no arguing the need for fundamental change in the Bahamas. Problem Successive governments have tried to patch up the problem, but no one has yet been able to bring about the kind of fundamental change that would really work in the best interests of the Bahamian people, business owners included. Minnis Service Station on Market Street is one of the few independent stations around. It started out as a Shell retailer, about 50 years ago, operating as such for about 21 years. Mr Minnis said at that time black people did not know much about business and they were givena sip of water and made to b elieve they had a gallon. He owned his property on Market Street, but not having the resources or expertise at the time to set up a gas sta tion, he entered a lease agreement with the oil company to develop the land. Once com p lete, he said the oil company leased the business back to him. After 21 years, he said he decided that he no longer wanted a job working for big oil. He wanted to provide a service to his people under the dictates of his own business. So Mr Minnis said he refused to sign anymore lease agreements and set out to become an independent gas retailer. Shell came and packed up all of its equipment, its signs and compressor, and refused to sell gas to Minnis Service Station with out a lease agreement. After a solid business relationship for 21 years, Mr Minnis said he was left out in the cold and all because he wanted to develop himself in a manner that suited his own best interests. At times, Mr Minnis said he would have to work a deal with a friend, who owned a nearby station, to get gas for his tanks. Mr Minnis said his views a re from the stone age, but how he sees it the global eco nomic system has people trapped in a cage. Replaced Corporations have replaced t he old colonial masters and the old slave masters, he said. Within the system, some peo ple are made to believe they live in a mansion, and if they work really hard they can own it, when all the time they are simply trapped in a cage, in the dungeon of the masters house. That is the farce of the petroleum industry and the West World, said Mr Minnis. The gas retailers are slaves to big oil and so is the Bahamian government. One gas retailer said the industry progressed over the years away from independent stations, because the oil com panies saw an opportunity to make more money. He said in the decades prior to the s and s, the retail indus try was operated mainly by white Bahamians who owned independent stations. The oil companies only profited from the sale of fuel, which is the only thing they rightly should, according to retailers. Not being satisfied with this model, the oil companiess ought to buy out the retailers and set up their own compet ing retail outlets. This way, they could collect rent, franchise fees and profit from the sale of oil. Government regulation facilitated the wholesalers,b ecause a long-standing moratorium on retail licenses forced interested business people to obtain franchise agreements through wholesalers in order to operate a retail outlet. Some 50 years later, independent retailers are almosta thing of the past, in New Providence, where the big oil cartels reign supreme. The independent model is applied in the Family Islands today, presumably because the oil companies do not have an interest there. According to one source, one of the reasons for the moratorium on retail licenses was the proliferation of ser vice stations. He claimed this is yet another side effect of wholesalers having their fingers too deep in the retail pot. Wholesalers get their money up front, so they are not concerned about the market being flooded with service stations. The risk and the burden of debt lie on the retail operators. I f the government were to regulate the industry proper ly, retailers claim it would bring about consolidation and eventually level out the num ber of stations. Those remaining stations would become more viable and more prof i table, said a retailer. As for resources and expertise, retailers claim whole salers no longer need to do it all. Bahamians have sufficient expertise and access to financ ing to develop their own service stations. And if wholesalers moved out of the pic ture, they could do so prof itably. Bahamian retailers say wholesalers, whether foreign or Bahamian owned, need to get out of the business of retailing. Wholesalers should stick to the business of oil exploration and import, and leave retailing to local busi nesses. Retailers claim there is a consensus that independent gas retail is a better option for Bahamian businesses. INSIGHT THE TRIBUNE MONDAY, SEPTEMBER 12, 2011, PAGE 9B NO MERCY FROM OIL GIANTS F F R R O O M M p p a a g g e e 9 9 B B
By BRENT STUBBS Senior Sports Reporter firstname.lastname@example.org H igh jump bronze medallist Trevor Barry continues to produce one of the most consistent performances in the post-IAAF World Championships in Daegu, South Korea. In his second meet since the championships that concluded on September 4, when he clinched the only medal for the Bahamas, Barry picked up another second place finish yesterday at the ISTAF Athletics Meeting in Berlin, Germany. The bronze medallist turned in a performance of 2.30 metres or 7feet, 6 1/2-inches to trail world champion Jesse Williams of the United States, who won with a leap of 2.33m (7-7 3/4 But for the third consecutive time, dating back to the final in the colourful Daegu Stadium, Barry posted another victory over arch-rival Donald Thomas. Thomas, who was the 2007 world champion in Osaka, Japan, improved on his previous performance with a fourth place finish at 2.26m (7-5 place finisher Raul Spank of GerT HETRIBUNE SECTIONEMONDAY, SEPTEMBER 12, 2011 INSIDE TRAK T T U U R R N N T T O O 2 2 E E . . . T T U U R R N N T T O O 4 4 E E . . . T T U U R R N N T T O O 5 5 E E . . . RUGBY WORLD CUP: US FALLS TO IRELAND ANDREW LONG MEMORIAL TOUCH RUGBY TOURNAMENT WINNERS SAMANTHA STOSUR UPSETS WILLIAMS FOR US OPEN TITLE BROWNS TRICKED BY THE BENGALS IN 27-17 LOSS T T U U R R N N T T O O 7 7 E E . BERLIN: TREVOR BARRY SOARS FOR ANOTHER SILVER By BRENT STUBBS Senior Sports Reporter email@example.com IT took the Island Luck Truckers two extra innings to avoid another major defeat as they got a grand slam home run from Jamal Sarge Johnson in the top of the ninth inning. The performance that came in the wee hours of Sunday morning helped to seal a dramatic 16-13 win over New Breed as the battle for the New Providence Softball Association mens pennant and playoff picture intensified. Two days after losing a 9-8 walkoff decision to the Dorin United Hitmen in a rematch of last year's incomplete championship series, the Truckers denied New Breed the opportunity to clinch the pennant as they broke an 11-11 tie going into the ninth, sparked by Marvin Tougie Woods run-producing single and highlighted by Johnson's grand slam. I was kind of glad that they walked another batter to pitch to me, no respect whatsoever, said Johnson, who came through after the intentional walk to Teran Wood that placed runners on all three bases to clear the way for the decisive hit of the game. Hats off to them, I had to show them its all about the Truckers. As for the monster shot on the first pitch from losing pitcher Eugene Bain, Johnson noted: It felt good. I haven't had one for the year. I've been off for 4-5 games, but Im trying to get back slowly. I will be back. Johnson, the third baseman bat ting fifth in the line-up, said although they trailed 3-1 at the end of the first inning and watched as New Breed rallied to score four in the bottom of the seventh to force a 9-9 tie, they never gave up. Thats what its all about. We know not to quit, even though those guys played a great game, they nev er quit tonight and we just had to keep on doing what we had to do, he said. TRUCKERS SEAL DRAMATIC 16-13 VICTORY OVER NEW BREED 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 Donald Thomas places fourth By CIARAN FAHEY Associated Press B ERLIN (AP e qualled his personal best of 9.82 seconds in the 100 meters to set a meet record Sunday, while Americans won gold in the 100 hurdles, shot put and high jump at the ISTAF event. The 21-year-old Jamaican comfortably beat Kim Collins of Saint Kitts and Nevis, who finished in 10.01 at Berlin's Olympic stadium. That's why they call me the beast," Blake said. There were some very good guys in this field, so it wasn't easy to win. I pushed myself to run faster. It's a wonderful feeling to win here. Life changed a bit after the world championship." Trinidad's Richard Thompson was third in 10.08, with Jamaican Michael Frater who helped Blake set a world record in the 4x100-meter relay in Daegu, South Korea finishing fourth. Blake ran the same 9.82 time at the Weltklasse meet in Zurich on Thursday. The previous meet record was 9.86 held by Maurice Greene and Asafa Powell. Blake seized the world title in Daegu after training partner Usain Bolt was disqualified for a false start. Bolt, the Olympic champion and world record-holder, skipped the Berlin event. Dawn Harper led a US sweep of the 100 hurdles in 12.68 seconds, ahead of Kellie Wells and Yvette Lewis. "Running here today wasn't easy because I had a lot of memories of 2009 when I didn't finish," Harper said. "I kept having flashbacks before the race." American Ryan Whiting set a meet record of 70 feet, 10 inches to win the shot put, with teammate Reese Hoffa second. "It was much better than in Daegu," said Whiting, who finished seventh at the World Championship. Jesse Williams of the US won the high jump by reach ing 7-7, while Trevor Barry of the Bahamas was second. Kelly-Ann Baptiste of Trinidad claimed the 100 in 11.15, ahead of Jamaicans Sherone Simpson and Kerron Stewart. Thats why they call me the beast S S E E E E p p a a g g e e 3 3 E E MEET RECORD: Jamaican Yohan Blake celebrates after he won the 100 at the ISTAF Athletics Meeting in Berlin Sunday. (AP TREVOR BARRY competes at the IAAF Worlds in Daegu, South Korea.
While it was just the second loss in 13 games for New Breed, Island Luck improvedto 9-3 as they kept the pressure on for another heated showdown that could decide the pennant when the twoteams clash for the final time during the regular season on September 24. Were an experienced team. We came out here tonight to play ball, said Truckers Marvin Wood, who did a lot of trash talking throughout the game. It was a good workout for us, but we still have a lot of work to do. Leroy (Thomp son) came out after a one day rest and did what he had to do until the next pitcher reach. Wood, however, said they got some timely hits from Teran Wood and Jamal Johnson and that was what made the difference in the game that they had anticipated would have been a walk in the park. Before Johnsons stunning grand slam, Teran Wood came through with a two-run homer in a five-run fifth and another in a two-run sixth. He was intentionally walked in both the eighth and ninth innings. On the other side of the coin, Devaughn Wong had a two-run double in a three-run first and a RBI triple in a tworun sixth before he too was intentionally walked in the two-run eighth and added a run-producing single in their two-run ninth. For Wong, the loss was more devastating. We have a lot of heart. We dont give up, said the right fielder, who batted sixth in New Breeds line-up. We wanted to prove to the Bahamas that we are the best in this country. Tonight, we just had a few little errors that kind of cost us the game. But we kept with it. We kept coming back. But it was a very disappointing loss. We know we can beat them. They know that too. It was a tough one. Manager Martin Pork Burrows, who two nights ago watched as the Truckers got humiliated by Dorin United in the walk-off loss, felt they should have done the same. One or two of my players were under the weather, but we came and we played, he said. We made one of two mistakes that we should not have made. The Truckers are the champions and to be the champions, you have to beat the champions. The Truckers are not going to give you the game. But we showed them that we aint backing away. We keep coming. Catcher Garfield Bethel belted a two-run shot in the four-run fourth that helped to force the first extra inning where the International Softball Federations tie-breaking rule of putting the last batter in the previous inning on second base came into effect. Leroy Thompson pitched the first four innings, giving up five hits with two walks and two strike outs for the win. He was replaced by Anton Bookie Gibson, who also went four innings, giving up seven hits with two strike outs. Darren Mortimer closed the door in the ninth. The game was pretty tight until the fourth inning when we broke it open and we went ahead 9-3, he said. I thought we should have won it after that, but they came back. The Truckers are still the best team and the most experienced team. The young guys have a lot of talent, but at the end of the day, Im glad that our experience came out on top. Eugene Pratt went the distance, giving up 15 hits with eight strike outs and seven walks in a losing effort. A number of games were also played over the weekend. Heres a summary of those match-ups: B B r r a a c c k k e e t t t t e e s s 6 6 , S S c c o o r r p p i i o o n n s s 4 4 I n the womens opener Saturday night, the Sigma Brackettes rebounded after losing their incomplete encounter with the Black Scorpions by default. Ernestine Stubbs went the distance, tossing a nine-hitter with five strike outs and a walk. Marvell Miller suffered the loss on seven hits with two strike outs and a walk. Zella Symonette and Shari ka Green both were 1-for-3 with a run scored, Theola Ferguson was 1-for-3 with to runs scored, Ryissa Stuart 1-for-1 with a run scored, Alicia Rahming 1-for-2 with a run scoreda nd Ebony Delancey 2-for-3 in the win. Crystal Taylor went 2-for-4 with two runs, Renee Davis was 2-for-4 with a RBI and a run, Lashanta Fowler and Charmaine Hamilton were both 1-for-4. O O p p e e r r a a t t o o r r s s 1 1 8 8 , W W i i l l d d c c a a t t s s 6 6 On Friday night, the Bommer George Operators brought out all their lumber as they blasted 21 hits off los ing pitcher Vernie Curry. Neressa Seymour led the attack by going 3-for-4 with three RBI and three runs, Christine Edmunds was 4-for4 with two RBI and two runs,L aThera Brown 3-for-4 with four runs, Tyriece Curry 3for-4 with a RBI and three runs, Vantrice Bowleg 3-for-4 with three runs, Rebecca Moss 2-for-4 with three runs and Nicole Bastian 2-for-3 with a RBI and two runs. Desiree Coakley picked up the win on a three-hitter with four walks. Curry helped her own cause by going 2-for-3. Candice Smith, Donnette Edwards, Linda Knowles, Ruth Coakley and Vernita Evans all scored a run in the loss. SPORTS TRIBUNE SPORTS MONDAY, SEPTEMBER 12, 2011, PAGE 3E HERES a look at the New Providence Softball Association team standings at the end of this weekends action at the Baillou Hills Sporting Complex: M M e e n n s s D D i i v v i i s s i i o o n n T T e e a a m m s s W W L L P P c c t t . G G B B New Breed 11 2 .846 Johns Buccaneers 114.7332 Island Luck Truckers 9 3 .750 21/2 Dorin United Hotmen 75.58331/2 Dorsey Park Boyz 49.3077 Mighty Mitts 3 9.25071/2 Miller Rams013.00011 W W o o m m e e n n s s D D i i v v i i s s i i o o n n T T e e a a m m s s W W L L P P c c t t . G G B B Lady Sharks142.875BG Operators114.73321/2 Brackettes96.60041/2 Wildcats68.4287 Black Scorpions 5 10 .333 81/2 Sea Star Pheonix014.00013 Schedule for this weeks action are as follows: T T o o n n i i g g h h t t s s g g a a m m e e s s 7pm Proper Care Pool Ldy Sharks vs Pheonix (L 8:30pm Mighty Mitts vs Johns Buccaneers (M T T u u e e s s d d a a y y s s s s c c h h e e d d u u l l e e 7pm Wildcats vs Bommer George Operators (L 8:30pm Island Luck Truckers vs Mighty Mitts (M T T h h u u r r s s d d a a y y s s s s c c h h e e d d u u l l e e 7pm Proper Care Pool Lady Sharks vs Wildcats (L 8:30pm New Breed vs Johns Buccaneers (M F F r r i i d d a a y y s s s s c c h h e e d d u u l l e e 7pm Pheonix vs Sigma Brackettes (L 8:30pm Dorsey Park Boyz vs Miller Rams (M S S a a t t u u r r d d a a y y s s s s c c h h e e d d u u l l e e 7pm Sigma Brackettes vs Wildcats (L 8:30pm Truckers vs Dorin United Hitmen (M NPSA STANDINGS S S O O F F T T B B A A L L L L B B A A N N K K E E R R S S L L E E A A G G U U E E U U P P D D A A T T E E T HE Bankers Softball League got their best-of-three playoff series underway this week after being delayed by the inclement weather. Results of games played on Saturday at the Bankers Field at theB aillou Hills Sporting Complex are as follows: Fidelity blasted Colina 39-7 to snatch a 1-0 lead in their series with game two to be played 6pm on Wednesday. I n three completed first round s eries, the Royal Bank of Canada nipped the Bank of the Bahamas 12-11 to wrap up their series, while British American Financial pounded Citibank 11-1 to finish their series and First Caribbean International won 8-5 over Scotiabank. S S O O F F T T B B A A L L L L / / T T R R A A C C K K B B S S C C A A C C T T I I V V I I T T I I E E S S THE Baptist Sports Council has announced the dates for the final two events on its sporting calendar. The 2011 Bishop Neil C. Ellis Softball Classic is scheduled to starto n Saturday, October 1 at the Baillou Hills Sporting Complex. It will feature competition in the men, co-ed and 19-and-under divi-s ions. And the Rev Enoch Backford Track and Field Classic will follow on Saturday, October 22, at theT homas A Robinson Track and Field Stadium. Persons interested in more details are asked to contact leaguep resident Brent Stubbs at stubb firstname.lastname@example.org or secretary Jonique Webb at email@example.com C C O O N N C C H H M M A A N N R R E E G G I I S S T T R R A A T T I I O O N N U U N N D D E E R R W W A A Y Y T HE 25th annual Conchman Triathlon is scheduled for Saturday, November 5 in Freeport, G rand Bahama. It will comprise o f a one-kilometre swim, a 25k bike ride and a 5k run. Interested persons can register by logging onto the Facebook E vent Page, e-mail organiser Bert Bell at firstname.lastname@example.org or calling him at 727-5886 or 727-5 381. TR UCKERS SEAL DRAMA TIC 1 6-1 3 VICT OR Y OVER THE NEW BREED F F R R O O M M p p a a g g e e 1 1 E E SPORTS IN BRIEF BLAKE SETS BERLIN MEET RECORD IN 100 many. Dmytro Dem'yanyuk of the Ukraine got fifth place with the same height. Barry and Thomas were the only Bahamians to compete in the meet that came two days after they, along with Chris Fireman Brown and Debbie Ferguson-McKenzie, all participated in the Zurich Diamond League meet. In that meet in Switzerland on T hursday, Barry posted 2.30m (7-6 1 /2) as well for a second place behind Dimitrios Chondrokoukis of Greece with his personal best of 2.32m (7-7 1/4). Thomas, 11th at the Worlds, was tied with two other competitors at 2.25m (7-4 1/2 Brown, rebounding from his ninth place overall in the semifinal of the mens 400 metres as he fell short of getting into the final, was fifth in4 5.47 seconds. T he race was won by Grenadas Kirani James in a national record of 44.36. James, the World champion in Daegu, came back on Sunday to win the race in Berlin in 45.33. Brown didnt compete in the race. In the womens 200 in Switzerl and, 35-year-old Ferguson-McKenzie turned in another respectable performance for fifth in 22.82 in a race won by American 100 world champion and 200 silver medallist Carmelita Jeter in 22.27. In her post-World Championships where she was sixth in the 200 final, Ferguson-McKenzie told The Tri-b une that the Zurich Weltklasse was second to none. Ferguson-McKenzie, who had expressed her displeasure in the cold food that they got in the Games Village for breakfast every day, noted: So happy to have hot tasty food since Korea. S he added that Zurich has always been a mini World Championship meet for her. Some athletes did not perform to power but that probably depends on what they did in Korea after Worlds, she stated. My race was stacked from lane 1 to 8. Thank God for lane 8 this timea round. I had a great start. However, I had a little difficulty getting into it and coming off the curve. Its been my issue all summer. Ferguson-McKenzie said she still has a few more meets to compete in and shes asking for the public to continue to offer their prayers ands upport. TREVOR BARRY SOARS FOR ANOTHER SILVER IN BERLIN F F R R O O M M p p a a g g e e 1 1 E E Russia's Anastasiya Kapachinskaya won the 400 in 50.75 seconds, ahead of American Francena McCorory in 50.91. In the men's event, Jehue G ordon of Trinidad ran a seas on-best 48.68 seconds to win, f ollowed by South Africa's Cornel Fredericks in 49.18. Kirani James of Grenada followed up his win in Zurich to win the 400 hurdles in 45.33 seconds, followed by Nery Brenes of Costa Rica and compatriot Rondell Bartholomew. In the 800, Kenya's Janeth Jepkosgei Busieni finished strongly to win in 1 minute, 58.26 seconds, just ahead of S outh Africa's Caster Semenya in 1:58.74. Maggie Vessey of the US was third in 1:59.33. Alexandr Menkov of Russia won the long jump with 26-9, ahead of Dwight Phillips of the US at 26-5. World-record holder Barbora Spotakova of the Czech Republic avenged her Daegu defeat to Russia's Maria Abakumova by claiming the javelin with a throw of 220-3. F F R R O O M M p p a a g g e e 1 1 E E TRINIDADS Kelly-Ann Baptiste runs to win the 100 at the ISTAF Athletics Meeting in Berlin, Germany, on Sunday. (AP
CHAMPIONS: Shown are winners of the Andrew Long Memorial Touch RugbyT ournament Kevin Salabie, Duran Beadle, Charlie Edwards, Andrew Bodie, Robert Carron, Charles Martin, Carlton Oliver and Kelly. BELOW: Members of the Legends (Grey and Cuckoos (Green BOTTOM: Members of the Buccaneers. ANDREW LONG MEMORIAL TOUCH RUGBY TOURNAMENT SPORTS PAGE 4E, MONDAY, SEPTEMBER 12, 2011 TRIBUNE SPORTS