N ASSA U AND BAHAMA ISLANDS LEADING NEWSPAPER Volume: 107 No.244TUESDAY, SEPTEMBER 20, 2011 PRICE 75 (Abaco and Grand Bahama $1.25 WEATHER CLOUDS ANDSUN HIGH 90F LOW 81F By SANCHESKA BROWN AFTER a bloody weekend t hat pushed the murder count over 100 for the first time in Bahamian history, the commissioner of police called for harsher punishment for serious crimes. A sked at a press conference whether the police are doing enough to stop the bloodshed, Commissioner EllisonG reenslade said his officers are arresting suspects, but after a person is charged it is out of their hands and up to the courts. Saying he did not wish to speak on the issue in too much detail, Mr Greenslade said he is not sure criminals are taking the law seriously because the punishments aretoo light. He pointed specifically to gun crimes. "I believe sanctions should be such that I would not want to have a gun. I would not as a Bahamian want to be caught with a gun in a country where a gun is illegal because of the fear that I am going to be in big trouble and I am going to be away from my family and friends for a very long time, he said. I want to be very careful TRY OUR PINA COLADA McFLURRY The Tribune THEPEOPLESPAPER BIGGESTANDBEST LATESTNEWSONWWW.TRIBUNE242.COM Punishments are too light AFTER MURDER COUNT HITS 100, POLICE COMMISSIONER SAYS . F EATURES R R U U N N W W A A Y Y T T O O F F A A S S H H I I O O N N W W E E E E K K SEEWOMANONPAGE12B R OADMASTERSHEADTOBERLIN O O P P P P O O R R T T U U N N I I T T Y Y O O F F A A L L I I F F E E T T I I M M E E SEESPORTSSECTIONE SEE page eight R ENALDO GIBSON c elebrated his 19th birthday at home with close friends and relatives yesterday. He is pictured b elow with his mom, grandmother and cousin. TWO women have been stabbed in the head in separ ate home invasions. The first victim, a married resident of Blair Estates, hads tayed home from church on Sunday morning when she was assaulted. T he woman, said to be in h er fifties, was in her garden w hen an intruder entered her home. W hen she went inside at around 11am, the intruder attacked and stabbed her inh er head. S he was later found badly injured by the family's gard ener and taken to hospital. During a walkabout in the area yesterday, police collect WOMEN STABBED IN HEAD IN TWO HOME INVASIONS SEE page two C RIMENEWS By AVA TURNQUEST Tribune Staff Reporter email@example.com RENALDO Gibson cele brated his 19th birthday yesterday. The milestone is a feat that was considered impossible after he was completely paralysed by a car accident three years ago. Renaldos clear voice and confident gestures were tes timony to his familys unwillingness to give up on his recovery and his own conviction to realise his goals. Unassisted by a ventilator, the teenager maintained his positive and humble demeanour as he reclined surrounded by loved ones at his family home in Fox Hill. POLICE confirmed the double shooting of a man and woman in Nassau Village last night. Both of the victims were taken to hospital after the incident, which happened shortly after 7pm. The man is said to be in serious condition, while the woman is listed as stable. SEE page eight RENALDO REACHES 19TH BIRTHDAY MILESTONE AGAINST THE ODDS By SANCHESKA BROWN CITY MARKET employees are now agitating to be laid off, after they say there is no way they can survive off the tiny pay cheques they are currently receiving. More than 50 employees from the Sea Grapes, Cable Beach and South Beach locations gathered outside the Harbour Bay food store yesterday, demanding the Finalyson Group treat them like human beings or let them go and give them their pensions. Eliazer Rolle, an employee at the Har bour Bay location, said all they want is what By DENISE MAYCOCK Tribune Freeport Reporter firstname.lastname@example.org FREEPORT A 70-year-old woman told the Supreme Court on Monday that a 26-yearold male dragged her into his bedroom, took off her clothing and raped her last December. A jury of seven women and two men are hearing testimony in the rape trial of Eric Oneil Strachan, who is charged with two counts of rape, two counts of attempted rape and one count of indecent assault. The incident is alleged to have occurred on December 10, 2010, at Andros Town, Eight Mile Rock. Senior Justice Hartman Longley presides over the case. Prosecutors Erica Kemp and SEE page six 70YEAR-OLD WOMAN TELLS COURT OF RAPE ORDEAL SEE page eight CITY MARKET STAFF: TREAT US LIKE HUMAN BEINGS OR LET US GO HARSHER PUNISHMENT: Commissioner Ellison Greenslade Tim Clarke /Tribune staff MAN AND W OMAN INJURED IN DOUBLE SHOO TING
LOCAL NEWS PAGE 2, TUESDAY, SEPTEMBER 20, 2011 THE TRIBUNE Working together to grow your business.*Trademark of The Bank of Nova Scotia, used under licence (where applicable RUNNING A SMALL BUSINESS?Youre invited to join us for this free seminar:Title:Marketing Basics Description: Marketing is all about helping the right people to buy from your business. You must identify your ideal target market, set reasonable prices, develop a promotion plan and sharpen your sales skills. Increase your revenue by attending this informative seminar to learn these and other marketing basics.Location: British Colonial Hilton Victoria Room Date: Tuesday, October 4th, 2011 Time: 6:00 9:00 p.m.We hope you will join us!Limited seating. Please register today Tel: 242-356-1684 IEmail: email@example.com ed a pair of shoes from a neighbour's yard which are suspected to belong to the attacker. The second victim was asleep at her home in s outhern New Providence when she was wake ned by an armed intruder at 3.45 am yesterday. The pair got into a fight and the woman was stabbed in her head and sexually assaulted. Police believe the woman knew her attacker, a lthough both attacks were not committed by t he same person. Both women were in hospital in stable condition yesterday. In other crime news, police arrested a 20year-old man who led officers on a high speed chase through Collins Avenue. A search of the suspect's car revealed ammun ition hidden under the driver's seat, police s aid. Officers noticed the driver of a gold coloured 1 998 Honda Accord acting suspiciously as they patrolled the Palmdale area. When they tried to stop the car, the driver s ped off and led officers on a chase before he crashed into a wall at Fifth Terrace, off Collins Avenue. P olice are questioning a 21-year-old man of Bacardi Road following an armed robbery at a laundromat on Carmichael Road. The robber burst into R&R Wash house at 1pm on Sunday and stole cash. He escaped in a worker's car, a silver coloured Lexus, but was later arrested at thej unction of Cowpen and Bacardi Roads. WOMEN STABBED IN HEAD IN TWO HOME INVASIONS FROM page one POLICEWALKABOUTINBLAIRESTATES FELIPEMAJOR/TRIBUNESTAFF POLICEOFFICERS took part in a w alkabout in Blair Estates yesterday and spoke with residents. During the exercise they also collected a pair of shoes froma yard (left are suspected of belonging to the attacker of aw oman in the area (See front page story)
By TANEKA THOMPSON D eputy Chief Reporter firstname.lastname@example.org NATIONAL Security Minister Tommy Turnquest hitb ack at those who claim his s tance on crime is too relaxed. He added that neither he nor the Royal Bahamas Police Force is to blame for the rise in violent crime, which is a symptom of wider social problems. H is comments came after f ive killings over the weekend took the murder count for the year to 100. Mr Turnquest said: "The fact of the matter is, I am the minister of national security none of the 100 homicides were committed by me, nonew ere motivated by me, none were inspired by me. "What's causing these homic ides to rise? You have to look at the circumstances that aret aking place and realise that t he police can't be everywhere. How did we get to this stage? I think that's what the sociologists and the activists ought to ask themselves not what is Tommy Turnquest doing about the 100 murders,b ut how did we get to this stage?" Mr Turnquest was speaking as a guest on the radio show Real Talk Live. He said he is very committ ed to his job and is in cons tant communication with law enforcement agencies. "I work 16-hour days, I live a nd sleep my job and I'm in c onstant contact with the commissioner of police, the commodore of the RoyalB ahamas Defence Force and the superintendent of pris ons, he said. T he homicide record has many calling on government to quickly pass legislation to address the problem. I call on prime minister Ingraham to shorten the longv acation of Parliament, reconv ene and put in place a law a nd message for the wouldbe criminal: if you take a life you will be put away foreve r," said religious leader Bish op Simeon Hall. New Laws T he House of Assembly will r eturn from summer break on October 5. Mr Turnquest said when P arliament meets again, government should be prepared to introduce a number of new l aws to prevent violent, repeat offenders getting bail. "The number of persons out o n bail will astound you and so the police are picking upt hese persons, arresting them, p utting them before the courts a nd finding that they're out again reoffending and that is a serious problem that we have i n our society," Mr Turnquest said. "We're going to have an a ttempt at keeping these criminals behind bars with a number of Bills that will be brought to Parliament onO ctober 5 that we hope will provide some teeth, some additional resource, to keept hese criminals behind bars." Government is expected to table three pieces of legislation when parliament resumes i n October: a new criminal procedure code, a new penal c ode and a new Bail Act. The new laws are expected t o change the definition of a l ife sentence from 25 years to t he convict's natural life and outline specific categories of murder. P OLICE AT THE SCENE o f Saturdays stabbing death at the burial ground north of the Eastern Cemetery, St Matthews Church, Shirley Street. LOCAL NEWS T HE TRIBUNE TUESDAY, SEPTEMBER 20, 2011, PAGE 3 By CARA BRENNENBETHEL email@example.com TOMMY Turnquest has l ulled the country into a false s ense of security by suggesti ng that the record breaking m urder rate is the result of criminals killing criminals, P LP leader Perry Christie said. A t a press conference yesterday, Mr Christie said crime has reached intolerable levels and demanded that the government take immediate and s erious steps to address the i ssue. H e said it is misleading to suggest that the only murders taking place are confined to the criminal underworld ast here have been many cases o f innocent bystanders being k illed and in two cases of p regnant victims, innocent c hildren being killed as well. Action is what is needed, not indifference, or protestations of helplessness. I again renew my earlier appeals to the government to provide, as a matter of the utmost u rgency, the necessary r esources and leadership for a n effective fight against crime and its underlying causes, he s aid. M r Christie said he hopes t he government will now reins tate the community policing a nd crime initiatives instituted under the former PLP gov ernment, namely Urban Renewal 2.0, 50 Bahamians, Safe Haven and Violence Breakers. H e also urged the govern m ent to implement more aggressive and imaginative a nti-crime measures, particul arly in hot-spots for criminal activity. Parallel with such mea s ures, we also need to fix what i s clearly a badly broken judi c ial system. Our bail laws need to be reformed urgently,s peedier trials need to become the order of the day, the witness protection programme n eeds to be properly organisied, funded and monitored; o ur sentencing policies need t o be reformulated and our punishments for murder need to be re-visited to ensure that capital punishment can be effectively meted out in the worst of the worst cases, and so that life imprisonment really means life, not 10 or 12 or 20 years, Mr Christie said. He stressed that these changes must come at a parliamentary level as the courts and police force can only enforce what is law. The government needs to ensure that parliament takes the necessary action on these anti-crime imperatives with out delay, he said. Mr Christie said crime is not the sole responsibility of the government, and he also called on every responsible citizen and resident to join the fight. I make a very special appeal to all of us to play his or her part to help rid our nation of this dreadful scourge. especially appeal to our religious leaders to step beyond the four walls of their churches and lead their members in reclaiming peace and social tranquility for our com munities and homes. I also sound a special appeal to parents and family members to intervene in the lives of family members who are known to be actively involved in crime or prone to criminal activity and violent behaviour. I am also calling on busi ness and civic leaders to roll up their sleeves and commit greater time and resources to assist in the fight against crime. We need to take our country from the forces of destruction and violence that abound in the land. To do that we must all work together, he said. A Sthe murder record continues to climb, the Democ ratic National Alliance is questioning if anyone in the Bahamas is safe anymore. In a statement issued yesterday, the new party said the crime epidemic that is suf focating our society is evidence of the governmentsf ailure to fulfil its primary responsibility protecting the public. It said: One of the foundations of our constitution is that we as citizens are entitled to the fundamental right and freedom to life, liberty, security and the protection. Recent news that our nation for the first time in its independent history, reacheda record breaking 100-plus murders, surpassing the 94 murders recorded in 2010, has startled the nation and caused us to ask of our government, just how secure are we? We are also witnessing some of the most gruesome criminal activities to have ever taken place in our country, while being told by a foreign court that these acts are not the worst of worst. We in the DNA say to that foreign court, that their standard of worst is a lot morel iberal than what we are prepared to accept as law-abiding, God-fearing and patriot ic Bahamians. The DNA called on all Bahamians able to vote, to send a striking rebuke to the present government, and force them to admit that their crime fighting policy is inadequate. The government can no longer afford to ignore the deep social ailments correlated with crime in our communities, the statement said. It said that while crime is a multi-faceted problem that r equires a multi-faceted approach, it has become evi dent that the government has not placed enough emphasis on the issue. We in the DNA are frustrated and worried about the deteriorating security in the Bahamas, and we fear that the present government isp reoccupied with an election agenda that does not address crime as a top priority for the Bahamian people, the statement said. The DNA called on all parties, political and civil organisations, and public and pri vate institutions to work together to end the fever that is plaguing the country. The time to act is long overdue as we quickly approach a point of no return, and we as leaders will have blood on our hands for the lives we failed to protect and secure, the party said. THE Bahamas is now near the tipping point a local anti-crime activist group has warned. Calling the new record for murders set last week a shameful milestone, Bahamas Against Crime (BAC change tack before it is too late. Only a collective effort, with less talk and more focused action, will prevent a deepening of the crisis, with the attendant social collapse, said BAC executive director Rev CB Moss in a statement. Rev Moss said the new murder record ensures that 2011 will be the bloodiest year in our history, setting the fourth new record in the last five years. As if this were not enough, he said, other serious crimes are also at or near record levels. Obviously this state of affairs is providing oppor tunistic and self-serving entities a great platform to assign blame, and to pro mote their selfish agendas, he said. The truth is that most, if not all of them failed to respond when they should have, thereby making a direct contribution to the present sad state. BAC noted that since 2005, its members have tried with very limited success to alert the country to the impending crisis. Some of those doing the most talking today were among the least responsive. On April 19, 2010 Bahamas Against Crime organised a summit for private sector organisations, followed by another on June 16, 2010. It is very interesting to note how many of the nearly 100 invitees failed to attend. A visit to our website, bahamasagainstcrime.net/Ne ws&Events, will reveal their identities, which should make interesting reading. Bahamas Against Crime is once again calling upon the nation to act now before it is too late. If we are not prepared to act, then stop the rhetoric, Rev Moss said. NATIONAL SECURITY MINISTER HITS BACK AT CRITICS PLP LEADER SAYS T URNQUEST HAS ULLED COUNTRYI NTO FALSE SENSE OF SECURITY The DNA asks: just ho w secure are we? Bahamas near the tipping point in crime Perry Christie T i m C l a r k e / T r i b u n e s t a f f TURNQUEST: I AM NOT TO BLAME FOR RISE IN VIOLENT CRIME Rev CB Moss
EDITOR, The Tribune. I WRITE you with much concern for my country as Ih ave read in your esteemed p ublication of the downgrading of the economic outlook for the Bahamas from stable to negative by Moodys, the international c redit rating agency. This is r ecognition that the economic condition of our country is n ow on a slippery slope to disaster if corrective action is not taken soon. It also means,a mong other things, that the Bahamas may have to pay higher interest rates on its fore ign borrowings going forw ard. Having watched and lis tened to the governments b udget presentations for years, I am not at all surprised at this development. Indeed Ia m surprised that it took so long to happen. Over the years, our governments, FNM and PLP, have been continuously and massively spending more than its revenue and borrowing the difference,w hich increases our national debt accordingly. Indeed this very bad practice has become so entrenched that enormous deficit budgeting has seemingly become structurally built i nto our countrys fiscal temp late with the words balanced budget being relegated to the distant past. The result i ng national debt has now bal looned so large that this year for the first time in history the government cannot boast thatt he lions share of the bud get is going to the Department of Education. This is because t he largest portion of our budget is now being allocated to paying interest and principalo n our enormous national d ebt. Unless something drastic happens, it appears that this significant change (which theg overnment has been understandably quiet about) will be permanent. O n a personal level, if anyone engages in this foolhardy exercise of continuously spending much more than t hey earn and borrowing the difference, they would very soon end up in serious finan c ial trouble. Im certain that the people who now run the government and their prede c essors wont dare run their households in this fashion, yet they dont think twice about doing it to our country. Amazingly, in recent years our finance Ministers have boast ed not about how much mone y the government has saved by spending less, but rather about how much money the government can borrow, seemingly unaware that every d ollar borrowed has to be repaid with interest. In particular, this FNM gove rnment has become famous f or trotting out Hon Zhivargo Laing onto the talk-show circ uit each year to advance and defend the wonderful bud-g et that was presented in the H ouse of Assembly. Well, it is p recisely those wonderful b udgets (this fiscal year the projected deficit, which will h ave to be borrowed, is $314 million) that have brought us to this point where the eco n omic outlook for the country is negative. I wonder if the government is now going to have Mr Laing appear on all of the popular talk-shows tryi ng to explain to sensible B ahamians that a negative e conomic outlook is actually a wonderful thing. The bottom line is this, our F NM and PLP governments have both failed us miserablyb y an insane budgetary pract ice of borrow-and-spend in g ood times and bad. A funda mental part of this problem is the fact that both governments h ave insisted on having failed attorneys as finance ministers. A good example of this is the fact that despite whatever statement the government issued in its attempt to assuage the population following the ratings downgrade, it predictsi n this years budget that the d eficits for the next two years, 2012 and 2013, will be $362 million and $315 million respectively. I wonder what our economic outlook will be a t the end of all of that addit ional borrowing. Secondary failures of both governments h ave been a failure or inability to diversify the economy, which would expand the rev-e nue base of the government. They always talk a great talk about expanding the agricult ure and fisheries sectors, but f ail miserably to do so year after year. And needless to say, they absolutely fail tod iversify the economy in any other sector as well. Prior to this downgrade, the o nly national leader who expressed concern about our national debt, has been Hon Branville McCartney of the Democratic National Alliance, (DNA change needs to occur if ourc ountry is to be spared the economic disaster that has already been visited upon several of our neighbours to the south who we sometimes claim to be so far ahead of. It i s clear to me that if nothing c hanges, that is the kind of company the Bahamas will be in very soon. WELLY FORBES Nassau, S eptember 5, 2011. EDITORIAL/LETTERS TO THE EDITOR PAGE 4, TUESDAY, SEPTEMBER 20, 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 AN EXASPERATED Police Commissioner yesterday called for stiffer penalties for law breakers. He said that criminals were not taking the law seriously because punishments were too light. In other words criminals were just playing a catch-me-if-you can game with the police, while wreaking vengeance on society. The Commissioner was asked by the press w hether the police were doing enough to stop the bloodshed which with 100 murders made Bahamian history over the week-end. As we wrote this column last night a report flashed across our screen that two more persons a man and a woman had just been shot in Nassau Village. They were taken to hospital the man in serious condition, the woman stable. O ne could almost see the Commissioner biting his tongue at yesterdays conference ashe tried to gingerly skirt the reporters ques tion. He said police officers were arresting the suspects, but after a person was charged it was out of their hands and up to the courts. He said he did not want to speak on the issue in too much detail. H e might not want to elaborate on what is a sore point in police ranks, but we shall do it for him. The answer simply put is: The police are doing their job, but the courts are not. Lets look at a five-day period to give our readers some idea of what is happening. Between July 12 and 17th this year 39 prisoners were released from HM Prison by t he courts. Of this number 22 of them were in prison on remand. The courts gave them bail and released them. Of these, six were charged with murder and at least three of them went before the magistrates court with a well established criminal record. Also among the 22 released onto the s treets within a five-day period were per sons charged with attempted murder, conspiracy to murder, armed robbery, rape, housebreaking, possession of firearms and drugs, causing grievous harm, fraud and forgery. Many of them have prison records, most of them for violence. Four of them were fitted with electronic monitoring devices. E xamining their records it is obvious that they have been sent back into society without any hope of finding a job or earning an honest crust of bread to keep them alive until their court date. And so what do they do? We leave it to our readers to answer that question. It is easy to connect the dots and understand what is happening in the country. Commissioner Greenslade has already connected the dots, but does not want to talk about the picture they present at least not in public. In an England gone soft on law breakers, a sudden outbreak, mainly by youth, of rioting and destruction last month, quickly brought legislators to their senses. Vowing to stop the slow-motion moral collapse of h is country, Prime Minister David Cameron demanded stiff penalties for law breakers. The courts immediately responded, so much so that the weak-hearted are sniffling that the law is going too far. But Cameron is taking no nonsense. He has vowed to introduce laws to crack down on lawlessness and promote a responsible society. He directed his cabinet to look for ways t o combat a broken society in which fathers had abdicated responsibility for their children, schools had given up on dis cipline and crimes had gone unpunished. The courts harsh sentences were intended to reflect the authorities anger at the looting, burning and murder that raged through London and spread to other cities. For example, a mother who was given a p air of shorts stolen by a rioter was jailed for five months, a student went to prison for six months for stealing a box of bottled water worth about $4, while a man was jailed for four years for posting a message on Facebook to encourage people to start a riot. Courts also remanded defendants in custody until their court hearing. Mr Cameron was pleased that the courts h ad sent a tough message by stiff sentences. Across the country courts were working extra hours to deal with the offenders, which moved into the thousands. Police Commissioner Greenslade wants sanctions tough enough to make persons afraid to carry a gun in this country because they would know that they would be removed from their family and friends for a v ery long time. Since the courts dont seem inclined to step up to the plate, when the House of Assembly returns from its summer break on October 5 government plans to introduce a number of new Bills to prevent vio lent, repeat offenders from getting bail. We hope that we will provide some teeth, some additional resource, to keep t hese criminals behind bars, said National Security Minister Tommy Turnquest. Some Bahamians are so agitated by the seeming indifference of the courts, that they are now suggesting that maybe there are those in the system who are trying to embarrass the government. The situation is bad, but we hope that it is not that bad. Concern after downgrading of the Bahamas LETTERS firstname.lastname@example.org Tough laws promised to keep criminals in prison Shar e your news The Tribune wants to hear from people who are making news in their neighbourhoods. Perhaps you are raising funds for a good cause, campaigning for improvements in the area or have won an award. If so, call us on 322-1986 and share your story. E DITOR, The Tribune. I WOULD a ppreciate you giving space for the following: A s your readers are well aware Bahamas-wide, yea even worldwide businesses are struggling to survive and in Abaco there is no difference. For several years now a local trucking company (not mine) was engaged in delivering sod and fertilisers, etc., for a local grower until recently. Now the shocker! Abaco Foods Limited owned by Mr P aul Baker a foreigner who has been given duty free on all his equipment has taken over the deliveries for this grower. L ast week Alburys Trucking (my company engaged by BEC to pick up freight from the Fast Ferry at Sandy Point, when my driver arrived in Sandy Point Mr Bakers truck was loading what he went to pick up. My driver informed his driver that if he took the freight BEC was still going to have to pay him because he had been engaged to do so. Mr Bakers driver then off loaded the goods. I am deeply troubled that a foreigner (US citizen come to this country supposedly to do farming, bring in all of his equipment duty free and go into unfair competition with Bahamians who have to pay up to 85 per cent duty and they pay nothing. I trust that the government will put a stop to Mr Bakers involvement in the local trucking business and maybe the Comptroller of Customs should look into collecting the duties since his equipment is being used to do other than for what his approval was granted. JACK ALBURY Abaco, September 19, 2011. Unf air competition with Bahamians
WORK on the New Straw Market building should be complete in a matter of days according to project director Robert Hall. However, Ministry of Works officials still cannot say when the market will be open to the gene ral public. During a tour of the building yesterday, Mr Hall said the construction phase for the new market, which contains 455 booths for vendors and 14 for wood carvers, would be complete by the end of next week. The building is 99 per cent completed. We only have to test the sprinkler system and the lighting," he said. When asked yesterday about when the market would open, Minister of Works Neko Grant s aid he did not have that information as he was on vacation. "I've been on vacation for a week now. You have to ask Mr Colin Higgs, Permanent Secretary of Works, he said. Mr Higgs was unavailable for comment and did not return the call before press time. Elizabeth Keju, undersecretary in the Ministry of Works, said although she is uncertain of when the straw market will open, she is sure it wont be before the end of the month as previously promised. S he added that there are still "official and minor things" that have to be addressed before the market can open for business. "First of all it has to be turned over from the contractor to the government and the water isn't fully in use as yet, she said. "We have not assigned the vendor any booths as yet, but we speak to the vendors as things come up. We just had a meeting with the straw market leaders on Thursday to finalise the seating within the new building. B y AVA TURNQUEST Tribune Staff Reporter email@example.com N ON-communicable diseases account for 60 per cent of all deaths in theB ahamas according to health statistics, which indi cate that half the victims are persons 45 and older. P rime Minister Hubert I ngraham revealed these statistics and offered strong recommendationson how to decrease the prevalence of NCDs dur ing a high-level United Nations meeting yesterday. During his address, Mr Ingraham advised member countries of the need to secure concrete commitments on NCDs and cre ate an effective follow-up mechanism. His recommendations included: Increases to international and regional bud getary allocations Increased access to training in policy formula tion, monitoring and evaluation, and co-ordination across health systems Policy changes for inter-sectoral involvement in the NCD prevention ini tiatives Sharing of best practices This assembly recognises for the first time the growing burden of noncommunicable diseases and their socio-economic impact, Mr Ingraham said. In the Bahamas, one h alf of all public hospital b eds are occupied by people suffering from NCDs, with an average length of stay of seven days. Costs associated with NCDs are enormous, Mr Ingraham said, with 80 per cent of the governments drug plan costs spent on treating hypertension and diabetes. The dual burden of communicable and noncommunicable diseases on the country has necessitated strategic shifts in health care management, he said. Initiatives include but are not limited to the integration of specialists at health care clinics; the National Prescription Drug Plan; increased public awareness campaigns; com munity partnerships; and patient self-management programmes. T he government is also w orking to develop national food and nutrition guide lines and policy. Mr Ingraham said: To stem and redirect the course of the epidemic we must promote and encour a ge changes to our l ifestyles, and making healthy behaviour and appropriate food choices for our children. We must continue to fight the global health chal lenges facing us. We owe it to future generations. LOCAL NEWS T HE TRIBUNE TUESDAY, SEPTEMBER 20, 2011, PAGE 5 *UHHWLQJ PM ADDRESSES THE UN ON NON-COMMUNICABLE DISEASES STRAW MARKET SHOULD BE COMPLETE WITHIN DAY R ECOMMENDATIONS GIVENTO MEMBER COUNTRIES PRIME MINISTER HUBERT INGRAHAM SPEAKS AT THE UNITED NATIONS YESTERDAY ON THE S UBJECT OF NONC OMMUNICABLE DISEASES. T HEINTERIOR o f theStraw Market pictured in July.
LOCAL NEWS PAGE 6, TUESDAY, SEPTEMBER 20, 2011 THE TRIBUNE :DUHSOHDVHGWRDQQRXQFHWKDWHIIHFWLYH 0RQGD\ 6HSWHPEHU &DULEEHDQ%RWWOLQJ&RPSDQ\ ZLOOFRQGXFWRSHUDWLRQVIURPRXUQHZIDFLOLW\RQ 6LULOR%XWOHU+LJKZD\RXWKf $VVXFKWKHRIFHDW7KRPSVRQ%OYGZLOO127 EHRSHQWRWUDQVDFWEXVLQHVV2XU7KRPSVRQ %RXOHYDUG'HSRWZLOOKRZHYHUUHPDLQRSHQIRU EXVLQHVV 3OHDVHQRWHWKDWRXUSKRQHQXPEHUDQGFRQWDFW LQIRUHPDLQWKHVDPH6KRXOG\RXKDYHDQ\IXUWKHU TXHULHVSOHDVHGRQRWKHVLWDWHWRFRQWDFWXV : )DPLO\,VODQG7 *HQHUDO,QTXLU\(PDLO FXVWRPHUVHUYLFHVFRNH#FEFEDKDPDVFRP :HDSSUHFLDWH\RXUFRQWLQXHGSDWURQDJH THE COLLEGE OF THE BAHAMASVisit our website at www.cob.edu.bs College of The Bahamas, Oakes Field Campus 2:00 p.m. 7:00 p.m. R.S.V.P by September 20th, 2011 with Ms. Kendra Moss at 302-4359 or firstname.lastname@example.org Thursday, September 22nd, 2011The Harry C. Moore Library and Information CentreOPEN HOUSE /(*$/,&( 127,&( ,17(51$7,21$/%86,1(66&203$1,(6$&7 )LYH,QYHVWPHQWV/WG 1RWLFHLVKHUHE\JLYHQWKDWLQDFFRUGDQFHZLWK6HFWLRQ RIWKH,QWHUQDWLRQDO%XVLQHVV&RPSDQLHVRI 7KH 'LVVROXWLRQKDVEHHQLVVXHGDQGWKH&RPSDQ\KDV WKHUHIRUHEHHQVWUXFNRI5HJLVWUDU7KHGDWHRIFRPSOHWLRQRI WKHGLVVROXWLRQZDVWKGD\RI is owed to them, nothing more, nothing less. The situation around here is not fair. The governmentn eeds to step in. They have u s working a week off a week on yet they have eight or nine security, that is retired police officers with two jobs collecting pension, working six daysa week, he said. I am a man who has a mortgage and family to take care of and I cant work three days a week or six days out of a month. All they want is my pension money that was left in place when this com-p any was under Winn Dixie. T he past two previous owne rs never add nothing to it. So why are they holding on t he money? Thats not theirs. Where is it? Whats the probl em? Prime Minister Hubert Ingraham need(ss tep in and help the people because this is ridiculous. We a re Bahamians; we have to live, people carrying home $1.15 that is ridiculous. Where is Dion Foulkes? I have i nvested 14 years in this comp any, if they dont want me t o work, let me go and give me my money. No one is s tanding up for the small man, he said. A lberta Rahming, Chief S hop Steward for the South B each store, said the compan y is stuffing employees in stores that are already overcrowded, like sardines in a can. We told Mr Finalyson to h is face, we want our money. Pay us our money let us go. What they did was they take u s and shove us in the two last remaining stores, she said. Cable Beach already has 120p lus workers, so they put all o f us on six days a month. So the employees that was sta tionary are now paying the p rice too. They are now only working three days every other week also. You could imag i ne some people that only making $150 a week, if they on three days every other week, you do the math. W arfield Bain, president of the Bahamas Commercial Stores, Supermarket and W arehouse Workers Union, said the bargaining agent now plans to file a trade disputew ith the Labour board. He said: We spoke to our attorneys and now we are seeking legal action. Theyw ont meet with us, so they will meet with our lawyers. Employees also claim N ational Insurance increm ents were not paid from April, despite City Market deducting it out of their cheques. Up to press time, neither owner of the Finalyson Group of companies, nor Labour Minister Dion Foulkes was available for comment. CITY MARKET STAFF:TREAT US LIKE HUMAN BEINGS OR LET US GO FROM page one MORE THAN 50 employees from the Sea Grapes, Cable Beach and South Beach locations gathered outside the Harbour Bay food store yesterday. TIM CLARKE/TRIBUNE STAFF
LOCAL NEWS T HE TRIBUNE TUESDAY, SEPTEMBER 20, 2011, PAGE 7 AUDIENCES t hroughout the United States will soon get to meet the Browns in the islands of the Bahamas. Roger Bobb, executive producer of the television sitcom Meet the Browns, brought h is latest television creation to Nassau this m onth. He will soon debut Hanging with t he Manns on television. The production is a cooking show hosted by David and TamelaM ann, who portray the hilarious Brown cou p le on Tyler Perrys Meet The Browns. In Nassau, the hosts met with top chefs at the Poop Deck West, Lucianos of Chicago,M arley Resort and Frankie Gone Bananas. They taped several segments to be included in the television show. Hanging With The Manns will showcase the beauty and won d ers of the Bahamas. The show is expected to air just in time to impact winter travel from some of the Bahamas core cold weath-e r markets. W ith a new production company, Bobcat Films, Bobb has several documentaries anda feature film lined up for production. He has become known for films such as ForC oloured Girls, which he produced, and Why Did I Get Married Too, which he coproduced. ABOVE: The Bobcat film crew shoots a scene with the Manns at Arawak Key. LEFT: The Manns meet Bahamas F ilm Commissioner Craig Woods and his wife Yvonne. B ELOW: T he Manns are pictured with Cacique Award winning chef E dwin Johnson at Frankie Gone Bananas. MINISTER of Works Neko Grant donated 22 musical instruments to the St Vincent de Paul Catholic Church in Grand Bahama. Accepting the instruments, Stephana Saunders, the churchs music director, said: This donation is very generous of Mr Grant and we thank him deeply from the bottom of our hearts for giving us these instruments to enhance the music at St Vin cent de Paul. Its going to be threefold, where the marching band is going to be started, we are going to have the junkanoo group and also its going to be an addition for Sunday morning services. This latest donation by Mr Grant was his third presenta tion of instruments for the year, having already donated to the Bishop Micheal Eldon High School in Freeport and the Exuma Marching Band. MINISTER HITS THE RIGHT NOTE WITH INSTRUMENTS DONATION GUATEMALA CITY Associated Press THREE EARTHQUAKES shook a major part of Guatemala in less than 90 minutes Monday afternoon, killing at least one person, author ities said. The largest quake, a 5.8 magnitude, hit at 12:34 p.m., with two of 4.8 magnitude hitting before and after. All were centered in the same area about 30 miles (51 kilometers Guatemala City. Firefighters confirmed that the temblors, which shook most of the country, caused a landslide on the highway to El Salvador near the epicenter of Cuilapa Santa Rosa that trapped at least one car. They also confirmed that a 28-year-old woman, Flor Escobar de Jesus, died when a wall col lapsed in her house, also in Cuilapa. Firefighters initially had said she was killed in the landslide. It was not clear if there were more deaths or injuries. Public buildings were evacuated in the area and school classes canceled, authorities said. The first quake struck at a depth of 38 miles (61 kilometers), the second at 25 miles (39 kilometers) and the third at 23 miles (37 kilometers.) The first 4.8-magnitude temblor hit just after noon local time and the third of the same magnitude hit at about 1:20 p.m. THREE EAR THQUAKES ROCK GUATEMALA, ONE CONFIRMED DEAD INTERNATIONAL NEWS
Olivia Blatch of the Attorney Generals Office appear on b ehalf of the Crown. Attorney Devard Williams represents Strachan. The prosecution alleges that the victim was lying on a sofa in the living room watching television when the accused arrived from a bar around 9pm. After learning that his mothe r and her boyfriend were not in the house, it is alleged that Strachan went to his bedroom and returned to the living room wearing his boxer underwear. The prosecution alleges that he attacked the elderly woman and dragged her to his bedroom where he had sexual intercourse with her without her consent. The victim was 69 and Strachan was 25 years old at the time of the alleged incident. According to the victims testimony, she was staying with relatives in Eight Mile Rock. She suffers from various medical conditions, including diabetes, hypertension, and arthritis. She told the court that the accused who she refers to as Neily also lived at the residence with his mother and her boyfriend. On the date in question, the alleged victim said she was lying on the sofa watching television when Strachan arrived home. She told him his mother had left his dinner in the oven. The victim said Strachan had inquired about his mothers whereabouts. She told him that his mother and her boyfriend were outside in the van. The elderly woman told the court that Strachan then went to his room, but later returned to the living room in his boxers. He ordered her to take her clothes off. I started hollering and trying to fight him off, the victim said. The victim testified that Strachan pulled her off the sofa by her legs and dragged her down the hall to his bedroom. He threw her on the bed and took off her clothing. The victim said she wrestled with Strachan until she didnt have any strength left. She claims that Strachan had sexual intercourse with her. She explained in greater detail his actions. The victim said Strachan put his hand over her mouth to muffle her screams for help. He had also turned up the volume on the radio and had jammed a chair under the door knob. I feel like I was going to die, she told the court. The victim said that Strachans mother knocked on the bedroom door, but he would not open it so she pushed the door open and discovered them naked in the room. The victim said the mothers boyfriend contacted the police and the accused fled outside. T he victim said she went to the bathroom and noticed b lood in her urine. Police collected evidence and she was taken to hospital and examined by a doctor. Did you have any disagreements or problems with the accused prior to the incident? asked Prosecutor Kemp. No the victim replied. During cross-examination, Mr Williams suggested that the victim and the accused were having consensual sex when the mother walked in and discovered them naked in the bedroom. No, sir, the victim replied. The victim insisted that she never had consensual sex with Strachan. Mr Williams then noted that his client had sustained a serious leg injury in an accident and had to use crutches. You are saying that Eric pulled you off the sofa in the front room and dragged you into his bedroom while he on crutches? How much do you weigh? Williams asked.The victim told the court that she weighs 150 pounds. Prosecutor Kemp noted that a sexual assault kit was performed on the victim and the doctor had concluded that vaginal bleeding was caused as a result of trauma to the vagina. Detective Corporal 2857 Rameko Arthur took photographs of the alleged rape scene the living room and a rear bedroom. He also photographed the victims clothing, and collected a bed sheet. Corporal Arthur said Strachan was arrested by police at 11pm on December 10, 2010. Blood and semen samples were taken by order of the court and sent to the Forensic Lab in Nassau. Prosecutor Kemp noted that samples taken from the accused and the victims pants were sent off to Biotech in Virginia, USA, for DNA profiling and test results revealed that there was a match. The trial resumes on Tuesday. LOCAL NEWS PAGE 8, TUESDAY, SEPTEMBER 20, 2011 THE TRIBUNE because I am never wanting to be offensive to anyone else or to disregard the role of anyone else. We have on record any number of persons who have committed serious crimes and we see these people in and out of the system. We continue to do our work and each occasion they offend we arrest them and take the requisite course of action. I am not sure that core group of serious, serial prolific offenders are truly taking us seriously in respect of the punishment and I want to be careful and not go much further than that, the commissioner said. Mr Greenslade made these comments while releasing crime statistics for the year to date. The murder count for the year is now 101, after a man who was shot in Eleuthera died of his injuries. The man previously charged with attempting to murder him has now been charged with murder. Of the 101 murders in the Bahamas, 87 per cent were in New Providence and sev en per cent in Grand Bahama. Police say they have solved 51 per cent of the murders so far. Statistics also reveal the majority of the murders occurred in the Grove, the South Eastern Division and the South Western division, with 18 murders recorded in each. Eighty-eight of the murder victims are adult men and 13 are women. Seventy per cent of the victims were shot will ille gal firearms, and a knife was the weapon of choice in 14 per cent of the murders. Police removed 324 illegal firearms off the streets and 5,679 rounds of ammu nition. As for the spate of murders this weekend, police have one man in custody and are asking for the publics help in solving the others. Police have not released the identity of the victims, but Tribune sources say the man who was shot in Kemp Road was Damien Bowe and the man police found shot on Love Beach was Degilus Tilus, a Haitian. Earlier it had been reported that the shooting of Tilus had taken place near Nirvana Beach. However, it took place at 9pm Friday at the entrance to Love Beach Estates, West Bay Street. Anthony Harris is believed to be the man found stabbed to death in the burial grounds at the eastern end of the Eastern Parade on Dowdeswell Street, opposite St Matthews church and the Eastern Cemetery. Police believe robbery to be the motive in that case. The environment is a stark contrast to the small corner of the male surgical ward that has b een his second home for the past three years. The (doctors anymore, breathe anymore, walk or talk, nothing. Everything they said he wasnt going to do h e has done, except for walking, and he is going to do that too, he can do it, said his grandmother, Alfreda Edwards. A t 16, Renaldo was thrown from his mother's c ar when a truck hit the passenger side of the vehicle, where he was seated. Yesterday, loved ones spoke candidly about t he overwhelming pressure from medical staff and the public to pull the plug on him during the initial stages of his treatment. He went from just getting these shock waves to having actual feelings again, an older cousin said. I remember visiting him in ICU and touching h is foot and seeing the tiny reaction. I remember his first food craving, once he could eat again, crack conch. R enaldos recent weight loss is a serious con cern of his family, who are at odds with the lev el of care he has received at the Princess Marg aret Hospital. D espite the fact that he has not yet been moved to the Intensive Care Unit, which was recommended by doctors after his dramatici mprovement, Renaldo continues to make slow, yet steady progress. On Sunday, the teenager went without the a ssistance of a ventilator until 11pm. Pressing his hand to his throat yesterday, which enables him to speak clearly despite intu b ation from his ventilator, Renaldo refused to criticize the PMH staff, whom he credited with doing the best that they could under the cir cumstances. Right now, there is no space for me in ICU, the level of monitoring that I would need, R enaldo said. My physiotherapy has increased, they are working with me more now which is good. F aced with the reality that US treatment costs were too great, Jacqueline Ford, Renaldos mother, has set her sights on possible treatment opportunities in Cuba. R enaldos case had been refused by Cuban hospitals at the onset of his treatment on the grounds that he needed to first be weaned off his v entilator. Im optimistic, but I have a Plan B. Hope fully (Cuba b ut if he is not accepted then I am going to b ring him home, Ms Ford, a learning resources employee with the Ministry of Education, said. I will bring my child home, and I will find a w ay to bring therapists to our home. Hes a very positive young man and he has the will power to go on. W hile his physical capabilities remain limited, Renaldo remains committed to a future career in auto building, design and mechanics, and is currently looking into online learning opportu n ities. Collectible car models crowd the shelves in Renaldos bedroom, and numerous magazine clippings have formed a collage on his door. The room has remained unchanged, despite attempts by his family to make it more wheel chair accessible. What for, I am going to walk again, there is no need for that, Renaldo said. M s Ford can be reached at 468-2195, her mother at 393-8555, and Renaldo can be reached d irectly through his FaceBook account under the name of Renaldo IBeReal Gibson. FROM page one 70-YEAR-OLD WOMAN TELLS COURT OF RAPE ORDEAL FROM page one RENALDO REACHES BIRTHDAY MILESTONE PUNISHMENT S ARE T OO LIGHT FROM page one ERIC ONEIL STRACHAN outside of court. Photo/ Vandyke Hepburn
By NEIL HARTNELL T ribune Business Editor REDUCEDload factors a nd increased energy produc tion using Bunker C fuel should soon reduce the fuelc harge component on Bahamas Electricity Corporation (BEC told Tribune Business yester d ay, helping to mitigate world oil price volatility. Explaining that BECs daily p eak load had fallen from around 233-235 MegaWatts (MW Friday, Michael Moss said that u p to a couple of weeks ago he had been confident declining oil prices would be reflect ed in residential and customer bills in about a monthst ime. Back then there was some serious downward pressure on the price of oil, but prices had subsequently spiked back up. What it will do in the next few weeks Im not so certain,M r Moss told Tribune Business. But what I do believe is that as we increase production from Clifton Pier, even if the price of oil remains consistent, because we are producing electricity with cheaper Bunker C fuel, customers will begin to see a reduction in their bills. I do believe there is going to be a bit of a downward trend even if the price of oil remains the same, but it will By NEIL HARTNELL Tribune Business Editor T HE BAHAMAS must take a leaf out of China and Barbadoss play book when it comes to foreign invest m ent openness, a leading accountant said yesterday, adding that through provid-i ng a platform for foreign l aw firms had helped both nations grow. Raymond Winder, man aging partner at Deloitte & T ouche (Bahamas responding to critics of his call that this nation initiate a major game changer for f inancial services by allow ing in foreign law firms and attorneys to practice nonBahamian law from the Bahamas, said others had s uccessfully followed this route. I think it is important to m ake a lot of Bahamians u nderstand why China has done so well as a country, By NEIL HARTNELL Tribune Business Editor T HE GOVERNMENT-APPOINTED Pensions Taskforce has provided the Ingraham administration with recomm endations for legislation that would r egulate a sector featuring $1.5 billion in total assets, the lack of current super vision having been highlighted once again b y concerns over City Markets retirement scheme. A Taskforce member, speaking to Tribune Business yesterday on condition ofa nonymity, acknowledged that it was absolutely critical to implement a proper regulatory framework for the Bahamian pension industry, given its importance t o retirement incomes, national savings and capital market investments in the economys productive assets. T his newspaper was told that the recommendations submitted to the Gov ernment were an amalgamation of best practices and legislative features found in other Caribbean countries. Weve got to the point where we gave some notes for draft legislation, the Taskforce member told Tribune Business. Were going to follow the C aribbean pattern, where Barbados, Cayman and Jamaica have some elements of it. We were taking elements from them. $4. 68 $4. 51 $4. 69The information contained is from a third party and The Tribune can not be held responsible for errors and/or omission f rom the daily report.$ $5.32 $5.38 $5.38 T HETRIBUNE SECTIONB email@example.comTUESDAY, SEPTEMBER 20, 2011 By NEIL HARTNELL Tribune Business Editor TRANSFER SOLUTIONS PROVIDERS (TSP card and payment processing p rovider, yesterday said it was focusi ng on walking before we can run, i ts private equity placement to date having raised just $1.5 million less than one-third of the targeted $5.438 million. D r Jonathan Rodgers, TSPs presi dent, confirmed that while capital raising efforts were ongoing, the c ompany was focusing on completi ng its Bahamian market roll-out, w ith the start of its planned international expansion set to occur withint he next 12-18 months. A rguing that TSPs private placement offering had fared fairly well for a technology-based start-up, Dr Rodgers told Tribune Business it was still in discussions with several institutions interested in investing in it. While some 250 Bahamas-based m erchants, and 9,000 individuals, had s igned up to use its Mango stored v alue cards, the TSP president added t hat the company was having to i nvest time and money in building i ts PoS (Point of Sale especially as the banks did not want i t to use theirs. It went not too badly, Dr Rodgers said of TSPs $5.438 million private placement, which offered investors a combined 30 per cent equity stake in the company. We had some folks who bought in, some w ho didnt. Its an ongoing process. Its a tough time right now, with the economy not doing well. Somep eople felt it was a fad, and a techn ology play is something people are n ot familiar with investing in. D r Rodgers contrasted TSPs state o f evolution with the likes of a G oogle or Facebook, pointing out t hat those companies had access to unlimited capital to do what needs to be done. His firm, though, was a start-up in a capital market where investment options have been largely limited to the likes of real estate, bank deposits, f ixed income instruments and a relatively few equity issuers none of MANGO PROVIDER HITS 28% OF TARGET Raises just $1.5m of $5.4m new equity goal, pushing regional expansion back Some 250 merchants and 9,000 clients signed, with fast food outlets next erritorial banks hindering build-out IDB invite and selection as grant finalist real feather in our cap SEE page two ATERSHED MAYAGUANA DEAL BACKED By NEIL HARTNELL Tribune Business Editor T HE BAHAMASwas yesterday said to have e xperienced a watershed moment after the Government approved ther evised Heads of Agreem ent for the I-Groups Mayaguana project, paving the way for a $24-$32 mill ion investment in the developments first phase. Confirming that the I ngraham administration had approved the revised deal subject to some adaptations to the relev ant documents, Hotel Corporation chairman, Michael Scott, said he was hoping the Mayagauna agreement and enabling l egislation would be brought to Parliament by October this year. E xpressing hope that between 80-100 Bahamians would be employed in construction in a months time, as this is when the Boston-based developer is scheduled to restartu pgrades to the islands airstrip and airport terminal, Mr Scott told Tribune Hotel Corp chair says I-Group deal first time developer gives up land and concessions Developer in talks with resort chain on $ 50-$75m boutique 80-100 Bahamians set for immediate jobs SEE page 4B PENSION REGULATION RECOMMENDATIONS PRESENTED TO GOVT City Mar kets situation shows absolutely critical to regulate $1.5bn sector SEE page 4B BEC CHAIR SAYS LOWER FUEL COSTS COMING Load factor down from 233-235MW, easing fuel burning demand Greater efficiency from increased Clifton Bunker C production also set to mitigate world oil price volatility MICHAELMOSS SEE page 3B B AHAMAS URGED: FOLLOW CHINA ON FOREIGN LAWYERS Rejecting critics, top accountant says Beijing and Barbados have successfullyf ollo wed this route to growth SEE page two RAYMOND WINDER managing partner at Deloitte & Touche (Bahamas
BUSINESS PAGE 2B, TUESDAY, SEPTEMBER 20, 2011 THE TRIBUNE BAHAMIAN INSURERS SEE RATINGS AFFIRMED TWO BAHAMIANsubsidiaries of Bermuda-based Colonial Group International have s een their ratings reaffirmed by t he top international insurance rati ng agency, A. M. Best & Company. It placed financial strength ratings of A(Excellent credit ratings of a- on both Atlantic Medical Insurance (Bahamas eral Insurance Company (Bahamas a ll ratings stable. A M. Best said its rating actions r eflected the Bahamian companies adequate risk-based capitalisation, a consistent increase in their total consolidated equity and diversified business profiles. It described Atlantic Medical Insurance as having a continued strong presence in the Bahamian health insurance market. Togethe r with Colonials other health i nsurance subsidiaries, it put t ogether a higher collective net income and underwriting performance in 2011 and 2010, but top line growth was hit by the weak economy. As for Security and General, A. M. Best said it had generally demonstrated good underwriting results, improved operating perf ormance trends and continuing p arental support. Furthermore, Colonial Group benefits from these subsidiaries' reinsurance leverage to manage their property/casualty risks, while growing direct premium revenues in their core markets. But the rating agency added: Partially offsetting these rating strengths are Colonial Group's sign ificant concentration risk in the v olatile health line of business in s everal geographic regions, vulnerability to frequency and severity of catastrophic events from the property/casualty risks within their markets, and the large amounts of inter-company transactions. whom would be classified a s a technology company. When youre a start-up, you do not have access to the same kind of capital, and in the Bahamas you have a very limited number of investor participants, Dr Rodgers told T ribune Business. A s a result, a relatively s mall number of pension f unds, insurance compan ies, investment banks and p rivate investor groups suck up the majority of capital markets issues. We have an insurance company that we are negotiating with right now, and one of the pension funds a s well, added Dr Rodgers of ongoing discussions with potential TSPi nvestors. Were pushing on and f ocusing on the local market to get this up and going well. Once weve completed that, we will focus on those outside areas where we want to go. As we get the local market sorted out, and see payments made, people will have confid ence as they can see it b uild-up. T SP had been seeking t he $5.4 million to finance a planned Caribbean e xpansion, focusing on territories such as Jamaica, Haiti, the DominicanR epublic and the southeastern US. Target Having failed to hit this t arget, the Bahamas-based technology provider has temporarily scaled back its a mbitions to focus on getting its business in this n ation right, the capital raised to date proving more than sufficient for t his goal. Weve raised about $1 m illion-and-a-half, and that will take care of the local expansion, Dr Rodgersc onfirmed. The thing to do is walk b efore you can run. We need to get everything running well here, and then go to the next phase. Adding that TSP would l ook to start its internat ional expansion within the n ext 12-18 months, Dr R odgers described its produ cts and services as having endless potential, given that 65 per cent of the worlds population were unbanked meaning they did not have access to traditional forms of financial services. H e added that TSP had recently secured a real feather in its cap after b eing invited by the InterA merican Development ( Bank (IDB Costa Rica conference. T SP was the only Eng l ish-speaking company invited to the conference, and Dr Rodgers said it was among eight finalists, out of an initial 350 entrants, in the running for a sig nificant grant from theI DB for technology comp anies. TSP has about 9,000 indi v iduals signed up as Mango c ardholders in the Bahamas. The stored val ue cards act much like debit cards, enabling the usert o pay for goods and ser vices when the card is swiped at one of TSPs PoSs ystems. Its good, but we have to get people to utilise the card, Dr Rodgers told Tri-b une Business of the existi ng customer base. The other stumbling block we have is with the PoS, because you need a PoS to use it like a regular credit/debit card. Were having to build out our o wn infrastructure for PoS w ith merchants and busin esses around town. That takes time and m oney, because like everyt hing else in the Bahamas, theres very little co-operation between institutions. D r Rodgers urged Bahamian commercial banks to stop being so territorial when it came to f acility sharing, telling this newspaper they did not want other payment applic ations downloaded using t heir existing in-store PoS s ystems. This, he explained, was c ausing problems with mer c hant take-up of the TSP/Mango technology and services, because it meant retailers had to have two separate PoS systems one for bank credit/debit cards, and one for the M ango card. T o have both meant merchants were incurringi ncreased fees through havi ng to pay two different PoS providers. Theyve closed ranks, so to speak, Dr Rodgers saido f the commercial banks. It makes it more difficult for all parties concerned. These people need to get a life, stop being so territorial and it will be better for everyone. Its growing pains. T hese are minor obstacles o n the road to success. Its m ore annoying than anyt hing else. You have a very territorial market here, and have to keep pushing toa chieve what you want to achieve. Obstacles Implying that this was t ypical of the normal experiences for Bahamian entrepreneurs, Dr Rodgers s aid: Life is full of obstacles, barriers and reefs, and e very inch of the way there are people trying to prevent you doing what you w ant to achieve. Its par for the course. T SP has to-date signed up some 250 Bahamian merchants for the Mangoc ard and PoS system, including all the major s upermarkets and food stores, major retailers and gasoline stations. It is going to be moving s oon into fast food outlets. Dr Rodgers said TSPs p roducts were attempting t o provoke a paradigm change in mentality, prodding Bahamians to change their lifestyle and transition from a cash-based s ociety. With the high level o f crime, such a switch is t imely, as the Mango cards a re PIN number protected a nd can prevent the loss of l arge cash sums in armed robberies. The banks are being f airly slow in the take-up of technology, pre-paid cards and debit cards. Were trying to change the w ay people think, and it takes time, Dr Rodgers said. M any observers believe b usinesses such as TSP p rovide a model for where Bahamian companies andt he wider economy should g o, focusing on skilled human capital in technology-based businesses that offer high margin, valueadded services. The whole idea is for us to grow as a country, Dr R odgers added. IT is g oing to be one of the key areas that needs to bel ooked at, as it does not r equire natural resources but, instead, human capi tal. Its a natural for us, but w e have to embrace it and live it, otherwise we will get left behind. Mr Winder told Tribune Business. It changed over the last 20 years in terms of openness to foreign investment. China has made it possible for any company, if they so desire, to invest in China, and today all the largest legal firms in the UK and US are in China. It was the same for Barbados, Mr Winder said, a fellow Caribbean state and a com petitor for the Bahamas when it came to financial services and Canadian business, especially when it came to double taxation benefits. Barbados has recognised that providing an openness for foreign legal firms to pro vide non-Barbadian legal services is a growth area, and at some point in time we will have to take a look at this area, which is not being utilised by existing service providers, Mr Winder told Tribune Business. Unemplo yed In a previous interview, he had said a similar move was necessary if the Bahamian economy was to grow at a rate high enough to absorb the 38,000 Bahamians who were either listed as unemployed, or 'not looking' for work, in the Department of Statistics' May 2011 Labour Force survey. Not to mention the 5,000 school leavers graduating high school every year. "I really think that in the financial ser vices sector we need to look at major game changer in terms of attracting investors," Mr Winder told Tribune Business. "I really think a major game changer would be to allow foreign lawyers to come in and work on foreign legal matters, not Bahamian legal matters. Their work per mits would restrict them to working on US, Chinese or Canadian legal matters and such like." Given that the ultra high net worth individuals who form the backbone of the Bahamian financial services industry's clients typically rely on a single trusted attorney for advice, allowing these so-called 'rainmakers' or key business drivers to base themselves in this nation could entice their clients to follow them and their assets and live in the Bahamas as their primary domicile. "It's a way of attracting individuals of significant wealth, and it would be to or advan tage if we have [attorneys] like that because they'd be driving potential clients to our marketplace that would not be attracted otherwise," Mr Winder added. "There are significant benefits to all of that. "We've got to do a major game changer, because we've been handling regulatory stuff for the last five years, and that's not going to cut it in terms of generating employment for the sector.s" But Mr Winders suggestion was dismissed by former Bahamas Bar Association presi dent Wayne Munroe. He said: A Chinese high net worth person, for example, wanting advice about Chinese practices would in any event get it in China. If he were to set up a structure here to take advantage of some perceived bene fit from the Chinese tax structure, they're still going to have to engage Bahamian lawyers. The structure would have to be legal here in the Bahamas. "What Mr Winder may be unaware of is that is how things work now anyway. You have foreign lawyers who correspond with Bahamians lawyers, give advice as to what they are trying to achieve, ask advice on our structures. The only matters that impact here would be Bahamian structures. He's probably just unaware that the same thing happens here, so no high net worth individual comes down here other than having his local lawyers in the country where he is from determine that something can happen here. They liaise with a Bahamian lawyer who gives them advice as to what can happen in the Bahamas and they work together." MANGO PROVIDER HITS 28% OF TARGET B AHAMAS URGED: FOLLOW CHINA ON FOREIGN LAWYERS FROM page one FROM page one Shar e your news The Tribune wants to hear f rom people who are making news in their neighbourhoods. Perhapsy ou are raising funds for a good cause, campaigning for improvements in thea rea or have won an award. If so, call us on 322-1986and share your story.
BUSINESS T HE TRIBUNE TUESDAY, SEPTEMBER 20, 2011, PAGE 3B Bahamas Striping, one of the Self-Starter award winners, is pursuing the train ing of Bahamians in the specialised field of pave ment marking. Atario Mitchell, its president, said in a statement: From the onset of Bahamas Striping I decided to implement our train ing policy that would allow for the empowerment of our 100 per cent Bahamian staff. To ensure that we provide our employees the highest industry standards, we brought in a certified striping technician from the United Kingdom to help train our staff. As a result, Bahamas Striping and our staff are proficient and compliant to the high marking standards of the UK, which are used on the roads in the Bahamas. Employed Romell Davis was employed by Bahamas Striping just before he turned 18. He began his training by learning how to mark and measure where the stripes would go on car parks and roads. As a result of his train ing, he was given a first time on-site opportunity using thermoplastic to mark 13 of the 19 speed humps along Sandilands Road. which he successfully completed. am excited to see one of my youngest employees being empowered and excelling in an area that has been dominated by foreign workers for over a decade in our country, Mr Mitchell said. I am convinced that if we can afford young Bahamian men an opportunity to learn and become skilled in various vocational and technical fields, we will curb the social meltdown that we are seeing in our country today. Skills Romells next stage is training and developing skills in applying thermoplastic on roads. We are as proud of Romells training advances as we our all of our team members. Romell has as profound sense of pride that he as a young Bahamian was part of the team that recently marked the Lyford Cay School parking lot and the East Bay Street & Fox Hill Road Junction near St. Anne Church. In fact, he and the other employees as young as they are, see themselves as nation builders. As a young entrepreneur, I dont just want to build a suc cessful company; I want to build nation builders. This job has given me hope, said Mr Davis. Before I came to Bahamas Striping, I was pretty much on my own. I didnt know where I was going to get money to survive next week. The training has giv en me a skill that I am proud of and now I can seea brighter future for myself. Road marking is a rare skill in my country for us as Bahamians and I am moti vated to making our com pany the biggest and the best. SELF-STARTER COMPANY EMPOWERS B AHAMIANS not be as significant as if the oil price goes down itself. Mr Moss said he expected maintenance overhauls on Clifton Piers generation units to b e completed in another seven weeks. One unit was down last week to undergo its health check, and came back on line this week as another unit was taken off. BECs maintenance efforts, the chairman added, were being aided by the fact that itsN ew Providence load demand had fallen off and started to decrease in line with the end of summers peak and the return to school. Were down from 233MW or 235MW, Mr Moss told Tribune Business. That will create some downward pressure on the fuel c osts, so we should begin to see some degree o f moderation. BEC CHAIR SAYS LOWER FUEL COSTS COMING F ROM page one O NE OF BAHAMAS STRIPINGS f ive trainees, Romell Davis, 18, gets his first hands-on experience applying thermoplastic on speed humps on Sandilands Road.
In Jamaica its not mandatory, but it has some really good regulations as it relates t o investments what are permissible investments by pension funds, and stuff liket hat. Were doing an amalgam of what we think is the best in the region. Theresa lso some policy initiatives the Government will have to consider. P ension industry regulat ion will go hand-in-hand with education and incen tives to encourage Bahamians to save for their retire m ent, given that the Cen t ral Bank estimates just 25 per cent of the workforce is covered by an employersponsored pension plan. The same Taskforce m ember said the big hurdle to be determined was w hether to make employer-sponsored pension schemes mandatory at allB ahamian companies. They suggested that this would h ave to be phased-in, if adopted, because to introduce it all at once could undermine some firmsf inancial viability. Other areas likely to come under scrutiny are theq ualifications of pension f und managers and admin istrators, and ensuring s chemes have trustees independent of a plans corporate sponsors, thus removing the temptation for companies to use fund assets for w orking capital. Estimating that there was c lose to $1.5 billion in public and private sector pension assets in the Bahamas,t he Taskforce member said there was little to no regul atory oversight for most schemes. First, lets get a blueprint down, because what weh ave today is clearly unacceptable, the Taskforce member added. City Mar-k ets has come back to r emind us of how important this is. The struggling supermar ket chains employees, andt he union that represents many of them, are express ing increasing concern overt he status of their pension plan, namely the Bahamas Supermarkets Profit Sharing Retirement Scheme. T he scheme is 100 per c ent funded by City Mar kets, and no payments have been made into the plan s ince 2007, as the supermarket chain racked up more than $27 million in net losses under the disastrous BSL Holdings owners hip, plunging it into financial turmoil it has never r ecovered from. Current 78 per cent majority shareholder,T rans-Island Traders, and its principal, Mark Finl ayson, had promised to publish a forensic accounting/actuarial investigation into the pension funds sta t us, but this has not happened to date. The last audited financial s tatements for City Markets a nd its Bahamas Supermar kets parent, published for the 12 months to end-June 30, 2010, showed that thes ums owed to the Bahamas Supermarkets Profit Shar ing Retirement Scheme hadi ncreased from $518,898 at year-end 2009 to $971,452. This is likely to relate to rental payments, totalling am inimal $359,256 annually, w hich City Markets is sup posed to pay to the pension fund. T he Bahamas Supermarkets Profit Sharing Retirement Scheme owns City Markets head office on East-West Highway, and it i s unclear whether these debts were ever made g ood. Then there is the $3 million sale and leasebackd eal that City Markets did with the pension fund, w hereby the latter pur chased certain equipment and improvements at the c ompanys Cable Beach store, in return for a monthly $62,275 payment over a five-year period. City Markets external a uditors, Deloitte & Touche, expressed concern o ver this arrangement, saying that the company had not conducted a fair valuea ssessment of the leased assets. As a result, it was u nable to conclude whether it was a finance or operational lease. Business the I-Group was also in negotiations to bring a major owner/operator of luxury boutique resorts to Mayaguana. He confirmed the developer is t alking to the Six Senses group, which owns and operates properties in nations such as Oman, Vietnam, the Maldives and Thailand, about a $50-$75 million investment in creating a similar high-end resort on M ayaguana. If talks conclude succ essfully, Six Senses would be the first of the joint venture or third party developers brought by the I-Group to the southern Bahamas. The revised deal, as evidenced by the draft, revised and restated H eads of Agreement, has been a pproved by the Government, Mr Scott told Tribune Business. There are certain observations and qualifications, as reflected in theC abinet conclusions, and that will r equire some adaptations to the documents. Theyre going to the Attorn ey Generals Office for review, and a fter that is completed, in short order t he final agreement will be tabled in the House and the Senate, and the e nabling legislation put in place. M r Scott said he anticipated the H ouse tabling would occur in Octob er, with the legislation solidifying in statute via one omnibus law the range of investment incentives to be received by the I-Group through an Act solely tailored to its specific Heads of Agreement. Expressing hope that resumption o f the I-Group project would act as a catalyst spurring other investment proposals for the southern Bahamas, the Hotel Corporation added that anywhere between 80-100 Bahamians were likely to find construction e mployment in the short-term. It should be starting in the next month, Mr Scott said of the Mayaguana development. Its going to begin with construction of the airstrip to accommodate Dash 8 traf-f ic, and will continue with the airp ort terminal. In a couple of months t here will be marina work and construction of a 25-room boutique hotel. The I-Group is looking at a $5-$10 m illion marina in the first phase of its revised project, taking total investment in this stage to between $24-$ 32 million. The marina is in addition to a $1.5 m illion new airport terminal for M ayaguana; a $7-$10 million spend o n upgrading the runway, aprons and a ssociated airport infrastructure; $ 500,000 on community projects in Mayaguana; and a $10 million boutique hotel with a minimum of 25 rooms. Mr Scott confirmed that in its discussions with the I-Group, Six Senses was looking at an investment starting at $50 million and extending to $75 million. It was mulling a boutique hotel, with villas and a real estate component thrown in with the resort operations. I think its going to have a t remendous impact, Mr Scott said of t he I-Group project. Im hoping it acts as a catalyst for other development proposals, not on that scale, but for others to surface or be initiated for the Bahamas, and particu-l arly the southern Bahamas. Because of the remoteness of that p art of the Bahamas, and its relative underdevlopment still, I think its going to have a much greater impact in the short-term. T he I-Group will receive 2,912 acres of land for its initial phase, and has the option to acquire another2 ,913 acres maximum over eight separate development phases. This is af ar cry from the original Heads of A greement signed with the Christie a dministration, which granted the d eveloper that collective acreage u pfront and a similar amount in one fell swoop at a later stage for a collective 9,999 acres. Mr Scott said the developer had a finite time in which to begin and complete work at every stage, and land would only be released if theset argets were met and the work up to quality. The Hotel Corporation chairman said this was the first time he could remember when a developer had relinquished an agreement with the G overnment that was heavily tilted i n its favour. He added: It is a watershed moment in this country, as far as Im concerned, because there is no previous example in recent memory of ad eveloper giving up land and conc essions it had with the previous gove rnment in exchange for less land and probably fewer concessions, but with the prospect of a better relationship with this government andg overnments to come in the future. For that the I-Group itself deserves a lot of credit for taking thel ateral and flexible approach to these negotiations, and deflecting anys hort-term benefits for long-term g ains in their relationship with the G overnment and people of the B ahamas. It shows a willingness to be a good corporate citizen. As for the Ingraham administration, Mr Scott singled out Vincent Vanderpool-Wallace, minister of tourism and aviation, for particular praise. The view I take is that much credi t is due to the Government, he added. It overcame its original distaste and resistance to the Agreement entered into between the IGroup and the PLP government in March 2006. It adopted a positive and flexible p osture in its approach to the continuing negotiations, so as to bring about a development more harmonious and in keeping with the national aspirations and development poli-c ies of the Bahamas. For that, in my v iew, they deserve singular credit, b ecause what we now have is an arrangement considerably better than the one we had before. Yes, theres still a measure of s cepticism and suspicion, but by and large we have the platform and the framework for moving this forward,a nd I look forward to the new arrangement being completed and,w here necessary, legislation enabled. M ost of all, development will be taki ng place in Mayaguana. BUSINESS PAGE 4B, TUESDAY, SEPTEMBER 20, 2011 THE TRIBUNE NOTICEIN THE ESTATE OF WINNIE MAYALBURY, late of Marsh Harbour, Abaco, The BahamasNotice is hereby given that all persons having any claims or demand against the above Estate are required to send the same on or before the 1st day of November, A.D., proceed to distribute the assets having regard had notice. Notice is hereby given that all persons indebted to the said Estateare requested to make full settlement on or before the 1st day of November, A.D., 2011.V.M. LIGHTBOURN & CO. Second Floor, Damianos Building Bay Street Marsh Harbour, Abaco, The Bahamas Attorneys for the Executrix R GN1296 ( OYH&KDUOHVRI0DUVK+DUERXU $EDFR%DKDPDV F ROM page one PENSION REGUL ATION RECOMMENDATIONS PRESENTED TO GOVT ATERSHED MAYAGUANA DEAL BACKED FROM page one NEW YORK Associated Press STANDARD & POOR'S R atings Services has downgraded Italy's credit rating by one notch, saying it seesw eakening economic growth prospects for the nation and h igher-than-expected levels of government debt. S &P said Monday it cut Italy's longand short-term sovereign credit ratings to "A/A-1" from "A+/A-1+. It said the main factors contributing to the downgrade are Italy's political and debt issues. The ratings agency has a negative outlook on Italy's ratings. It says it anticipates that policy differences will likely limit Italy's ability to respond effectively to its debt crisis. Italy is grappling with an outsized debt load and its government is under pressure to enact austerity measures to rein in spending. But S&P says that weaker economic growth will likely limit the effectiveness of Italy's fiscal consolidation program. S&P DOWNGRADES ITALY'S CREDIT RATING A NOTCH I NTERNA TIONAL B USINESS
WASHINGTON A ssociated Press I N Ablunt rejoinder to congressional Republicans, President Barack Obama called for $1.5 trillion in new taxes Monday, part of a total 10-year deficit reduction package totaling more than $ 3 trillion. He vowed to veto a ny deficit reduction packa ge that cuts benefits to Medicare recipients but does not raise taxes on the wealthy and big corporations. We can't just cut our way o ut of this hole," the president said. The president's proposal would predominantly hit upper income taxpayers but would also reduce spendingi n mandatory benefit programs, including Medicare and Medicaid, by $580 billion. It also counts savings of $1 trillion over 10 years from the withdrawal of troops from Iraq and A fghanistan. T he deficit reduction plan r epresents an economic b ookend to the $447 billion i n tax cuts and new public w orks spending that Obama has proposed as a short-term measure to stimulate thee conomy and create jobs. And it gives the president a voice in a process that will be dominated by a joint cong ressional committee charged with recommending deficit reductions of up t o $1.5 trillion. H is plan served as a sharp c ounterpoint to Republican lawmakers, who have insist-e d that tax increases should p lay no part in taming the nation's escalating national debt. Obama's plan would end Bush-era tax cuts for top earners and would limit t heir deductions. Share "It's only right we ask e veryone to pay their fair share," Obama said from the Rose Garden at theW hite House. In issuing his threat to veto any Medicare benefits that aren't paired with taxi ncreases on upper-income p eople, Obama said: "I will not support any plan that puts all the burden for closing our deficit on ordinary Americans." Responding to a complaint from Republicansa bout his proposed tax on the wealthy, Obama added: "This is not class warfare. It's math." The Republican reaction was swift and derisive. "Veto threats, a massive tax hike, phantom savings, and punting on entitlement reform is not a recipe for economic or job growth_or even meaningful deficit reduction," Senate Repub lican leader Mitch McConnell said in a statement issued minutes after t he president's announcement. "The good news is t hat the Joint Committee is taking this issue far more seriously than the WhiteH ouse." Obama's proposal comes amid Democratic demands that Obama take a tougher stance against Republicans. And while the plan stands little chance of passing Cong ress, its populist pitch is o ne that the White House believes the public can support. T he core of the presiden t's plan totals just over $2 trillion in deficit reduction over 10 years. It would letB ush-era tax cuts for upper income earners expire, limit deductions for wealthier fil ers and close loopholes and e nd some corporate tax breaks. It also would cut $580 billion from mandatoryp rograms, including $248 bill ion from Medicare. It also targets subsidies to farmers and benefits programs for federal employees. O fficials cast Obama's plan as his vision for deficit reduction, and distinguishedi t from the negotiations he had with House Speaker John Boehner in July as Obama sought to avoid a g overnment default. As a result, Obama's pro posal includes no changes in Social Security and no increase in the Medicare eligibility age, which the president had been willing to accept this summer. A dministration officials also said that Obama's $1.5 t rillion in new taxes is a goal that Congress could achieve through a broad overhaul oft he tax code. They said the president's specific proposals represent one way to get to that goal under the existing tax code. Economists C oupled with about $1 t rillion in cuts already approved by Congress and signed by the president, overall deficit reductionw ould total more than $4 trillion, a number many economists cite as a mini mum threshold to bring the n ation's debt under control. Key features of Obama's plan: $1.5 trillion in new rev e nue, which would include about $800 billion realized over 10 years from repeal ing the Bush-era tax rates f or couples making more than $250,000. It also would place limits on deductionsf or wealthy filers and end c ertain corporate loopholes and subsidies for oil and gas companies. $580 billion in cuts in m andatory benefit programs, including $248 billion in Medicare and $72 billion in Medicaid and other health programs. Other mandatory benefit programs include farm subsidies and federal employee benefits. Administration officials said 9 0 percent of the $248 billion in 10-year Medicare c uts would be squeezed from service providers. The plan does shift some addi-t ional costs to beneficiaries, but those changes would not start until 2017. $430 billion in savings from lower interest payment on the national debt. $1 trillion in savings f rom drawing down military f orces from Iraq and Afghanistan. Republicans have r idiculed the war savings as gimmicky, but House Republicans included them in their budget proposal thisy ear and Boehner had agreed to count them as savings during debt ceiling n egotiations with the president this summer. I llustrating Obama's populist pitch on tax revenue, he suggested that Congresse stablish a minimum tax on taxpayers making $1 million or more in income. The measure the White House calls it the "Buffett Rule" for billion aire investor Warren Buf-f ett is designed to prev ent millionaires from tak ing advantage of lower tax rates on investment earn-i ngs than what middleincome taxpayers pay on their wages. That minimum rate, how e ver, is not included in the White House revenue projections. Officials said it was a suggestion for Congress if it were to undertake an o verhaul of the tax code. At issue is the difference between a taxpayer's taxb racket and the effective tax rate that taxpayer pays. Millionaires face a 35 per cent tax bracket, while middle income filers fall in the 15 or 25 percent bracket. But investment income is t axed at 15 percent and Buff ett has complained that he and other wealthy people have been "coddled longe nough" and shouldn't be paying a smaller share of their income in federal tax es than middle-class tax p ayers. BUSINESS T HE TRIBUNE TUESDAY, SEPTEMBER 20, 2011, PAGE 5B OBAMA ANNOUNCES DEBT PLAN BUILT ON TAXES ON THE RICH (AP said Monday it plans to separate into three independent, publicly-traded companies, a move that will mark its second breakup since 2007. The company will create an ADT North America residential security business and separate companies for flow control prod ucts and commercial fire and security. Tyco said the new companies will have greater flexibility to pursue their own growth strategies than they would under the current corporate structure. The ADT business, which provides security and fire alarm systems for homes and small businesses, will be incorporated in the United States. It has annual revenue of about $3 bil lion and about 16,000 employees. The flow control business sells valves and controls for the energy, mining and water markets. It also designs and installs heat man agement systems for the energy and gen eral process industries. Tyco said that business will be incorporated outside the United States, and the commercial fire and security business will remain incorporated in Switzerland. In 2007, a scandal-plagued Tyco Inter national Ltd. transitioned from an unwieldy conglomerate with annual revenue of $41 billion into three separate, public companies. It spun off its Covidien health care and Tyco Electronics businesses in a tax-free distribution to shareholders to focus on fire and security and engineered products. Tyco had swelled under the manage ment of former CEO L. Dennis Kozlowski, who stepped down in 2002 amid a widely publicized fraud probe. Kozlowski and ex-Chief Financial Officer Mark Swartz were convicted in 2005 of defrauding Tyco of hundreds of millions of dollars through theft and stock manipulation. Tyco's board has unanimously approved the latest breakup plan, and the company expects to complete the deal in about a year. Tyco directors will serve on the boards of all three companies. Chairman and CEO Ed Breen will become non-executive chairman of the commercial fire and security company, a director of the flow control company and a consultant for ADT North America. The company, which is incorporated in Switzerland, said it will complete the sep aration by issuing tax-free stock dividends of the ADT and flow control businesses to Tyco shareholders. It expects transaction costs of about $700 million mainly for debt refinancing and restructuring, to be offset somewhat by lower interest expense and other operational benefits. In afternoon trading, Tyco shares added 85 cents, or 2 percent, to $44.55 while the broader markets declined. The stock is up about 15 percent in the year to date. TYCO INTL PLANS TO BREAK UP INTO THREE COMPANIES
BERLIN BOUND: Shown (l-r P hoto by G ary Brathwaite B y BRENT STUBBS S enior Sports Reporter firstname.lastname@example.org S even members of the Roadmasters running club will be embarking on theo pportunity of their life Wednesday when they travel to Berlin, Germany. Husband and wife Carl and Shavonne Blades, Yolanda Dele veaux, Linda Williams, Michelle Gibson, Glen Bain and Dr Kathryn D eSouza will all be representing the Bahamas as they compete in the 38th BMW Berlin Marathon onS unday. This is the first time that we will be competing in Berlin and the first time that anyone of us from Roadmasters would be competing in Europe, said Shavonne Blades, the spokeswoman for the contingent. After trying to find some place exotic to compete, Blades said she stumbled across the Berlin marathon w ebsite, got excited and immediately got a crowd of people to join her and her husband in the venture. We started planning this from S eptember last year, she said. With no real expectations of win ning any divisional titles, Blades said t he entire group is just looking forward to producing their personal best times and take in the sights ofB erlin in the process. I want to go below 4:26 (four hours and 26 minutes), which is my marathon best time that I set in Jan-u ary at Marathon Bahamas, Blades said about her own personal achievement. The weather should be okay for us. We expect it to be about 60 degrees. Its a flat course with very little hill, so it should be perfect foru s. I know Ive put in the training for it, so Im ready. As for her peers, Blades said she anticipates that they will all do well because they all put in their 20 m onths of training and everybody feels good. Nobody is injured. Everybody is e xpecting to do their best times. We h ave two girls that will be doing their first marathon. They are just going for the experience, but they shouldd o very well. Former volleyball player Glen Bain said he has only been involvedi n marathon running for the past four years, but he predicts that he will have his best performance ever in Berlin. The temperature should be good, between 50-60 degrees. We wouldnt have to worry about the humidity, he said. Ive been training, Im hot up and I know this will be a personal best for me, anyway in the subfour club. H aving not had the opportunity before to travel to Europe, Bain said he jumped on the opportunity to make the trek to Berlin and based on what happens this weekend, he i ntends to try and make it an event party. I tried to get in the London m arathon, but they knocked me out t wice, so Berlin here I come, said Bain, who did four hours and 19 mins in his first marathon after justn ine months of training with Roadmasters. For Michelle Gibson, Berlin will b e her marathon debut after com peting in about seven half marathons. I want to finish in about five h ours. I dont have any huge expec tations, Gibson said. I just want to finish strong and just say that I did it. Not having an opportunity before to venture as far as Europe, Gibson said when she found out abut thet rip, she decided to make it a vacation/fun run. THETRIBUNE SECTIONETUESDAY, SEPTEMBER 20, 2011 INSIDE TRAK T T U U R R N N T T O O 3 3 E E . . . T T U U R R N N T T O O 4 4 E E . . . T T U U R R N N T T O O 5 5 E E . . . RUGBY WORLD CUP: RUSSIA ALL SET TO FACE ITALY TODAY HARGREAVES COULD MAKE MAN CITY DEBUT IN THE LEAGUE CUP RYAN THROWS 4 TDS, F ALCONS RALL Y P AST THE EAGLES 35-31 NFL ROUNDUP: NEWTON, BRADY SET RECORDS IN WEEK 2 T T U U R R N N T T O O 7 7 E E . By RENALDO DORSETT Sports Reporter email@example.com JUNIOR athletes took centre stage as the Bahamas continued a busy summer for athletics in international competition at one of the newest events on the calendar. The Bahamas eight-member team representing the country at the fourth Commonwealth Youth Games in Douglas, Isle of Man, returned home amidst accolades from its coaching staff. The team of six track and field athletes and two cyclists was led by Olympic gold medallist ToniqueWilliams-Darling she applauded the effort of the time despite the fact that no member of the squad was able to medal. "The athletes we took this year was like our sec ond or third stream. All of the competitors reached the semifinal and, as they grow, they are going to be a force to reckon with," she said. "I know we always look at the bottom line but being there and watching the athletes compete, you know they gave their best. Anthonique Butler, our triple jumper, she steadily progressed throughout the competition. She held the bronze medal position up until the very last round. The Jamaican competitor on the very last jump went into the bronze medal position and knocked her into fourth." Williams-Darling said the event was of great importance for the athletes for the off-the-field impact it had on the athletes a testament to the emphasis the BOC has placed on youth devel opment. "It not only encouraged competition between the family of Commonwealth countries but it also placed emphasis on the exchange of culture between the competitors of the nations. Such an important aspect of these games was the fact that each nation had to adopt a local school and also an entire day was planned with an emphasis on cul ture at the conclusion of the competition. A particular high point for our athletes was eating and being photographed with the prince. I am happy to report that our athletes performed all their reps and competed exceptionally well and I am sure they have their own stories on how this weekend impacted their lives," she said. "I would like to thank the BOC for their continued interest in not only promoting Olympic sports but Olympians such as myself as they have entrusted me with accomplishA THLETES GAVE THEIR BEST AT COMMONWEALTH YOUTH GAMES WILLIAMS-DARLING 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 Opportunity of a lifetime Roadmasters members to compete in the Berlin Marathon on Sunday
SPORTS PAGE 2E, TUESDAY, SEPTEMBER 20, 2011 TRIBUNE SPORTS SCOTTSDALE VIXENS DEFEAT THE JOHNSONS LADY TRUCKERS P h o t o s b y T i m C l a r k e / T r i b u n e s t a f f RIVALRY: Defending champions Scottsdale Vixens h anded the perennial runners-up Johnsons Lady Truckers another loss Sunday on the opening day of the New Providence Volleyball Association. The Vixens, who have won seven straight, prevailedw ith an impressive 25-17, 25-17, 25-18 victory at DW Davis Gym.
B y Donovan Matthews S pecial to T he Tribune THE Police and St Agnes recorded victories as the Bahamas Cricket Associa-t ion 20/20 competition cont inued over the weekend at t wo venues in Nassau. The young Police team thrashed St Georges by 102 runs on Saturday at Windsor Park, while St Agnes scored a n exciting victory by seven w ickets over St Albans at Haynes Oval Sunday. On Saturday, Greg Taylor Jr slammed 10 fours and six sixes in 104 before retiring as the Police amassed 219 f or one from their quota of 2 0 overs. He added 101 for t he second wicket with Ashmid Allie, who made 50 not out. St Georges replied with 117 for 8 in their 20 overs. Kapry Kemp made 25 and Dakiel Bowe 22. DwightW eakley claimed three wickets for 23 runs, Taylor two for two from two overs, and Derek Gittens two for 26. Sundays game saw St Albans accumulating 174f or five from their 20 overs. Julio Jamison led the way with eight fours and three sixes in 60, while Andre Dos Ramos made 45 and Ravi Dhodwell 31. F or St Agnes, Christopher J ohnson claimed two wickets for 25 runs and John Dolphin two for 32. Overs In their reply, St Agnes r eached 176 for three from 18.4 overs with captain Earl Thomas slamming two fours and five sixes in an unbeaten 50. Donovan Matthews contributed 49 and Dolphin 37i n a second wicket stand of 90 which laid the platform for the onslaught by Thomas who added 75 for the fourth wicket with Constantine who finished on 26 not out. SPORTS TRIBUNE SPORTS TUESDAY, SEPTEMBER 20, 2011, PAGE 3E V V O O L L L L E E Y Y B B A A L L L L N N P P V V A A A A C C T T I I O O N N THE New Providence Volleyball Association commenced its 2011/2012 season at D W Davis Gym last evening. In a repeat of last year's championships, both winning teams got off to a good start by adding the first win under their belt. In the womens match, it took three sets for the defending champions Scottsdale Vix ens to put away the Lady Truckers 25-17, 25-17 and 2518. The youthful Quey Wilson led the Vixens and all scorers with 12 points for the win. In a losing effort, Tia Charlow led the Truckers with seven points. In the mens match, after losing the first set 25-14, the defending champions Scotia bank Defenders kept their composure, made the adjustments and won the other two exciting sets 25-23, 25-23 before quickly disposing of the Technicians in the 4th set, 25-14, to win the match. Sherwaine Arthurs led the Defenders with 16 points followed by Shedrick Forbes and Chauncey Cooper with 12 and 10 points respectively. In a losing effort, Renaldo Knowles scored 16 points and Byron Ferguson 11 points. Games are slated to con tinue Wednesday at the D W Davis Gym: 7:30pm Lady Techs vs COB Caribs (W 9pm Saints vs Intruders (M S S O O F F T T B B A A L L L L B B S S C C M M E E E E T T I I N N G G THE Baptist Sports Council is scheduled to hold a meeting Saturday at the Bahamas Baptist College, Jean Street, for all churches interested in participating in the 2011 Bishop Neil C Ellis Softball Classic. The classic is tentatively set to start at the Baillou Hills Sporting Complex on Octo ber 1. It will feature competi tion in the 19-and-under, coed and mens divisions. There is a registration fee per team in each division. Also during the meeting, plans will be disclosed for the 2011 Rev Enoch Backford Track and Field Classic. The classic is set for October 22 at Thomas A Robinson Track and Field Stadium. 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 Coun cil has announced the dates for the final two events on its sporting calendar. The 2011 Bishop Neil C. Ellis Softball Classic is scheduled to start on Saturday, October 1 at the Baillou Hills Sporting Com plex. It will feature competi tion in the men, co-ed and 19and-under divisions. And the Rev Enoch Backford Track and Field Classic will follow on Saturday, October 22, at the Thomas A Robinson Track and Field Stadium. Persons interested in more details are asked to contact league president Brent Stubbs at 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 THE 25th annual Conch man Triathlon is scheduled for Saturday, November 5 in Freeport, Grand Bahama. It will comprise of a one-kilometre swim, a 25k bike ride and a 5k run. Interested persons can reg ister by logging onto the Face book Event Page, e-mail organiser Bert Bell at bert firstname.lastname@example.org or call ing him at 727-5886 or 7275381. T T R R I I A A T T H H L L O O 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 D D E E A A D D L L I I N N E E ALL persons who have not yet registered have until Wednesday, September 21, to sign up for the UWC Triathlon. Registration can be done online at www.paradisetri.com or in person at Bahama Republic, East Bay Street. The event is scheduled for 7:30am Sunday, September 25, starting at the Clifton Heritage Park. The sprint triathlon will comprise of a 750m swim, 20kilometre bike ride and a 5km run. SPORTS IN BRIEF ATHLETES GAVE THEIR BEST AT COMMONWEALTH YOUTH GAMES ing this task. More impor t antly, I would like to congratulate them on their quest to further the development oft he youth and the future development of Olympians within our country." T he first Commonwealth Y outh Games was held in August 2000 in Scotland where 733 athletes from 14c ountries competed in eight sports over three days. The second edition of the C ommonwealth Youth G ames took place in Australia in December 2004 and saw over 1,000 athletes and o fficials from 22 countries in a 10-sport programme. This year, 1,000 athletes f rom 64 nations and territor ies will compete on the Isle of Man. Sport disciplines contested i nclude athletics, badminton, boxing, cycling, gymnastics, rugby 7s, and swimming. T he opening ceremonies took place on September 8 at the newly-revamped 3,000seat National Sports Centre, The Bowl'. "A lot of times controversy or adversity brings opportun ity," said BAAA president Mike Sands. "These games were schedu led very late. Persons we intended to compete in these games became unavailable for a ny number of reasons, including injury. Through the co-operation of the Olympic association we were able toa dd persons at the last minute which gave them the oppor tunity and it bodes well for the future development of the athletes that were able to travel." F F R R O O M M p p a a g g e e 1 1 E E Im excited, she stated. Gibson said being a part of Roadmasters has its benefits as it allows her tot rain with a group of people who provide a lot of camaraderie and inspiration to help her improve her time and performance. Im really looking forw ard to this trip, she said. L inda Williams, another first timer, said her goal is just to finish the 26.2 milec ourse. Seeing that this is my first marathon, I reallyw ant to just finish, she said. A good time would be great, but I wouldnt want t o be over optimistic about it. I just want to finish. Once I finish and I get that medal, I will be more than happy. So Im looking forward t o that. Its a challenge. A l ot of it is mental. So you have to be healthy. Once you make up your mind tof inish, you will. Williams, who has ran a series of half marathons, said she couldnt ask for a better group of training partners to travel with to Berlin. Were going to have a lot of support. Were going to support each other, shes aid. Its a good group and we should have a very good trip. Roadmasters members to compete in BMW Berlin Marathon on Sunday CRICKET: POLICE THRASH ST GEORGES BY 102 RUNS; ST AGNES WINS BY SEVEN WICKETS OVER ST ALBANS F F R R O O M M p p a a g g e e 1 1 E E AT BAT : Cricket players in action yesterday. RUGBY WORLD CUP: RUSSIA SET TO FACE ITALY TODAY RUSSIAN rugby player Adam Byrnes talks at a press conference in Nelson, New Zealand, Tuesday. Russia is slated to meet Italy in a Rugby World Cup Pool C match in Nelson today. (AP
SPORTS PAGE 8E, TUESDAY, SEPTEMBER 20, 2011 TRIBUNE SPORTS P h o t o s b y T i m C l a r k e / T r i b u n e s t a f f ISLAND LUCK TRUCKERS TAKE OUT DORIN UNITED HITMEN 5-4 FAST PITCH: Island Luck Truckers ( red) d efeated the Dorin United Hitmen 5-4 in New Providence Softball Association action at the Bankers Field on Saturday night.