N ASSA U AND BAHAMA ISLANDS LEADING NEWSPAPER Murderers got the wrong man Volume: 107 No.307THURSDAY, OCTOBER 20, 2011, 2011 PRICE 75 (Abaco and Grand Bahama $1.25 WEATHER PARTLY SUNNY HIGH 82F LOW 73F B y KHRISNA VIRGIL THE family of Robbie Rolle, who was shot and killed in a home invasion, believe his death was an exe cution but the killers got the wrong man. A relative of the victim, who wished to remain anonymous, told The Tribune as he waited to identify Mr Rolles body yesterday, that it is believed the intended victim w as a man who was slated to soon testify in a murder trial. He said the witness who lives nearby, parked his vehi c le near where Rolle was shot and killed. When the gunmen arrived, t he family believe, they mistook Rolle for their target and killed him. F amily claims trial witness w as real target TRY OUR PINA COLADA McFLURRY The Tribune THEPEOPLESPAPER BIGGESTANDBEST LATESTNEWSONWWW.TRIBUNE242.COM 5('8&(<285:(5%,//'$ 67$57$9,1*: 5('8&(+($7 $1'*/$5( 67250)5$0(:,1'2:6 I NSIDETODAY Y Y O O U U R R S S O O U U R R C C E E F F O O R R O O B B I I T T U U A A R R I I E E S S NOBODYBEATSTHETRIBUNE NEWS SPORT FASHION MOVIES TV MUSIC I N YOUR BIG T EVERY SATURDAY S S A A V V E E M M O O N N E E Y Y W W I I T T H H C C O O U U P P O O N N S S By CELESTE NIXON Tribune Staff Reporter firstname.lastname@example.org A FORMER junior cabinet minister denied that he has neglected his commitment to a client in his capacity as a private lawyer, and called for the resignation of his accuser, By TANEKA THOMPSON Deputy Chief Reporter email@example.com OPPOSITION leader Perry Christie denounced the Government's crime fighting plan as a failure that only focuses on punishment and not social development. POLICE have officially identified the body found on Yorkshire Street last month as 11-year-old Marco Archer of Brougham Street and Baillou Hill Road. Although the family revealed the body was Marcos weeks ago, police earlier said they were awaiting the results of an autopsy. Police said they are mak ing significant progress in the investigation, and expect to file charges shortly. By TANEKA THOMPSON Deputy Chief Reporter firstname.lastname@example.org THERE was a ten per cent increase in crime up to Octo ber 11 this year compared to the same period in 2010, according to statistics released by the Minister of National Security yesterday. Homicides saw the highest increase with a 44 per cent jump. However, the statistics By AVA TURNQUEST Tribune Staff Reporter a email@example.com NATIONAL Security M inister Tommy Turnquest criticized certain members of the judiciary for releasinga ccused violent offenders on bail without electronic mon itoring. Of the 68 people charged w ith serious crimes of mur im lovin it THE WIFE and daughter of Robbie Rolle, who was shot at his residence early on Tuesday, visit the morgue yesterday morning to identify his bodyPhoto: Felip Major /Tribune Staff S S E E E E p p a a g g e e 1 1 0 0 S S E E E E p p a a g g e e 1 1 1 1 S S E E E E p p a a g g e e 1 1 1 1 S S E E E E p p a a g g e e 1 1 1 1 S S E E E E p p a a g g e e 1 1 0 0 BODY CONFIRMED AS MARCO ARCHER BRAN REJECTS ACCUSATIONS CHRISTIE:CRIME PLAN A FAILURE TEN PER CENT RISE IN CRIME FIGURES MINISTER HITS OUT A T JUDGES YET A GAIN
LOCAL NEWS PAGE 2, THURSDAY, OCTOBER 20, 2011 THE TRIBUNE A WORKER s mashes conch s hells that have been placed at the roundabout Photo: Felip Major / Tribune Staff ATFIRST, the decoration on the Cable Beach roundabout drew praise from passers-by. A s work on the roundabout c arried on, the centre was adorned with a host of conch shells, much to the delight of passers-by and motorists, who felt it reflected the Bahamian heritage. B ut when workers started t o take hammers to the conch shells to level the area off, it prompted annoyance, with some drivers even coming to a halt on the roundabout to urge workers to stop smashing t he shells. CONCH CLUNKED
LOCAL NEWS THE TRIBUNE THURSDAY, OCTOBER 20, 2011, PAGE 3 B Y DENISE MAYCOCK Tribune Freeport Reporter firstname.lastname@example.org F REEPORT A Grand B ahama teacher was a rraigned in New Providence on drug possession charges i n connection with the s eizure of a large quantity of marijuana last week in F reeport. Colin Evans, a 49-year-old teacher at Jack Hayward High School, appeared on Monday in Court Eight b efore Carolita Bethel. He pleaded not guilty to p ossession of dangerous drugs with intent to supply. Evans, a resident of Lucaya, was remanded to Her Majestys Prison until today, w hen he will appear for a bail hearing. I t is alleged on October 12, Evans was discovered with1 76 pounds of marijuana in h is possession. F urther investigations r esulted in the arrest of a sec ond man, who was also arraigned in New Provid ence. Jamaal McPhee, also k nown as Jamaal Moss, 34, a ppeared before Magistrate J oyann Ferguson-Pratt in C ourt Nine on drug, firearm, and ammunition possession charges. M cPhee, a resident of Holmes Rock, pleaded notg uilty and was granted $ 15,000 bail. H e is expected to return to c ourt on February 23 and 24 next year for trial. W ITH less than two weeks o f reprieve left, only 18 firearms have been turned in to police under the gun amnesty order. Some 3,386 live rounds of a mmunition have also been t urned in under the order, Minister of National Security Tommy Turnquest r evealed in parliament yest erday. The 30-day firearms moratorium, which ends November 3, was implemented to allow illegal gun holders tog ive up their weapon ahead o f the governments proposed amendment to several crime laws. Y esterday, Mr Turnquest e xplained that the countrys location renders it a transit point for drugs moving north and illicit firearms moving south. Increasingly, however, the g uns are staying in the region and are contributing to the increasing rate of crime and v iolence throughout the r egion, he said. Police have recovered 361 guns and 6,044 rounds of ammunition for the year to date, Mr Turnquest said. O nce recovered, weapons a re marked in an effort to identify trafficking routes and traffickers. M agistrates Court Nine, d edicated to cases of firearms possession, has heard and completed 78 cases, Mr Turnquest said. In addition to looking at a ddressing gun control, we h ave taken measures to address crime by addressing the structural causes of viol ence and crime. The government has scaled up its social interventions aimed at reducing disparities, creating sustainable livelihoods for youth, mena nd women, and at improvi ng conflict resolution, parenting and life skills, he said. CENTRAL Intelligence Bureau officers found a shot gun and a quantity of suspected marijuana during two separate searches. At 2.30pm on Monday the officers, who were acting on atip, went to Palm Tree Avenue and Sixth Street where they found a shotgun with a shell behind a garbage bin. Police seized the weapon but no one was taken into custody. About an hour later, at 3.35pm, the officers, acting on another tip, went to Milton Street off East Street where they found a quantity of sus pected marijuana hidden beneath a wooden home. A 16-year-old boy is assisting police in their investigation into the discovery. CRIME TIP Many accidents that involve cyclists and pedestrians occur because other road users do not see them until its too late, or they appear from blind spots. Pedestrians should only cross at pedestrian crossings; ensure drivers see you before you cross; cross when traffic has come to a complete stop; always walk facing traffic, not with your back to the driver; wear bright coloured clothing or reflective strips when walking at night; and use sidewalks when possible. Drivers should be patient, especially with older pedestrians who need more time to cross the road; always look out for pedes trians, remember to stay alert and slow down in school zones, residential areas and near parks. B y LAMECH JOHNSON l email@example.com A MOTHER convicted of m anslaughter in the 2007 death of her son was acquitted in the Court of Appeal yesterday. M akisha Brown, who with her former boyfriend Leroy Rolle, was found guilty of L evano Browns death, by a Supreme Court jury last year, was freed after the appellatec ourt ruled there was insufficient evidence to link her to the incident. The one-year-old child had r eportedly suffered blunt force trauma to the head and abdomen, lacerations to the h ead and bruises about the body. Though the jury at the orig i nal trial found her not guilty o f murder, she was convicted on the alternative charge of intentional manslaughter. According to evidence presented by the prosecution during the Supreme Court tri-a l, Brown had told police that her boyfriend had always beaten her son. Y esterday, however, after concerns were expressed by presiding justices Christopher B lackman, Stanley John and Abdulai Conteh, Director of Public Prosecutions Vinette Graham-Allen admitted that t he police statement and autopsy report were not enough to prove she commit-t ed manslaughter. Prior to this, Browns attor ney Geoffrey Farquharson a sked the justices for permission to withdraw from the case, citing difficulties in car rying out the instructions of h is client. The justices were not pleased by the request and noted that the attorney, who had already made three appearances in connectionw ith the matter, had sufficient t ime since July to prepare for court or ask to be removed. A dditionally, Justice Blackm an noted that it would be dishonourable for Mr Far q uharson to withdraw, after h e had offered to represent the defendant following Philip Hiltons withdrawal from thec ase. The attorney then attempted to explain that other potential appellants would be r obbed of opportunities to have their cases heard before the courts. Justice Conteh did not a gree and told the attorney that once you are here, you have a duty to represent her. J ustice John supported this, noting that it would be unfair to the appellant, thec ourt and the Crown to honour the request. After the judges denied the lawyers request and askedh im to remain seated, they turned their focus to Ms Graham-Allen and expressed their concerns regarding the evidence at the first trial. Justice John asked the DPP w hat evidence there was a gainst Makisha Brown on the original charge of mur der. T he chief prosecutor r eplied that the evidence consisted of a mixed statement a nd evidence from the p athologist. Where in her statement do you find the evidence tos upport the charge of murder? the justice asked. She said a portion of the statement suggested m anslaughter and not murder. Justice John expressed surprise that a statement was the only evidence present from t he commencement of the tri al, aside from the patholo gists report which while d etailed, could not substantiate a connection of her to murder, he said. T he justices asked about the existence of additional evidence after the rejection of a no case submissionm ade during the trial, but the DPP responded that there was no new evidence, and admitted that having reviewed the evidence, it was not sufficient to mount ac harge of manslaughter. J ustice John noted that the defendant ought to have been discharged at thatp oint. N evertheless, the justices publicly commended Mrs G raham-Allen for her hone sty and fairness. Moved to tears by the ruling, Ms Brown told the jus-t ices, Thank you. Thank you. ONLY 18 FIREARMS HANDED IN SO FAR DURING AMNESTY MOTHER CLEARED IN MANSLAUGHTER APPEAL POLICE FIND MARIJU AN A TEACHER ON DRUG CHARGES C OLINEVANS, left, has been arraigned on drug possession charges, while Jamaal McPhee appeared in c ourt on drug, firearm and ammunition charges
EDITOR, The Tribune W ould you please publ ish this small letter in your p restigious newspaper. Thank you. Many Bahamians are now saying that Cable News 12 is the best n ewscast in The Bahamas. I h ave heard persons from Grand Bahama praisingthe p rivate news o rganizationfor airing stor ies that don't even appear on the ZNS BahamasT onight newscast. This is an i ndication that Cable News 12 is one step ahead of ZNS in getting information. I give Cable News 12 credit for this. I have seenCable News 12 feature important stories from New Providence that n ever see the light of day on Z NS. While it is true that Z NS has done a admirable j ob in covering the news f rom the Family Islands, C able News 12 seems to be doing a better jobof covering the news in New Providence. Cable News 12 is very professional and fast paced. The newscastersare very a rticulate and good-looking. In fact, thenewscasters on Cable News are better looki ng than thenewscasters on Z NS. I have heard several G rand Bahamian men brag about how beautiful thenewscasters are fromt hat private news organiza tion. I would be lying if I were to say that I prefer ZNS TV news to CableN ews. I don't. In fact, I find m yself watching Cable News 12 rather than ZNS TV news. Reporters like Can d ia Dames and Juan McCartney are very goodat their craft. It could be argued that both of them aret he best in the business. I have noticed thatCable News 12 reporters always make it a point to say thatt hey are the best in the busi ness in bringing news to the people. No one can denyt hat they are very good in t his regard. Moreover, the actual television newscast is very professional; and thev ideo production is of a very high quality. If I didn't know any better; I would've thought that I was watching a US TV newscast. On the other hand, the ZNS TV newscasts look like old video footages from the 1980s. I think that Cable News hasoutdone ZNS in this area. Nevertheless, despite its u pside and professionalism; I still don'tbelieve that Cable News is the best TV n ewscast in the business r ight now. I give the slight e dge to ZNS for the simple r eason that ZNSTV n ewsairs on holidays and w eekends. I have noticed that Cable News 12 doesn't air on weekends. I hadswitchedthe TV channel toCable 12 at 7:30pm on Friday, October 14, which wasthe Discovery Dayholiday; and saw a programme on called Islands of the World Fashion Week. During that same time, though, The Bahamas T onight newscast was on. W hen the weekends come, C able News 12 shuts down l ike most government agenc ies in this country. ZNS T V news, however, despite its shortcoming, is on Saturdays, Sundays and holidays. When I want to watchthe news on a Saturday or a Sunday evening, I can't turn to Cable TV 12, they'reo ffthe air. But I can depend on ZNS Bahamas Tonight to be on the air. Further m ore, the newscastersand r eporters on ZNS are also very professional and artic ulate. I have been critical of ZNS throughout the years;b ut I still give them credit for having very good reporters. I n addition to airing its n ewscast on the weekends a nd on holidays, ZNScontinuesto run circles around the other media houses when it comes to covering a n approachinghurricane. T his was evident when Hurricane Irene slammed into T he Bahamas this past A ugust. I believe that ZNS T V news has outdone its competitors in this area.M ost Bahamians tune in to Z NS to get the latestinformationon an approaching hurricane. I think ZNS has at least two meteorologists on staff. As far as I can tell, I don't know if Cable News 12 has any meteorologists. U ntil Cable News 12 d ecides to broadcast o nweekends and on holid ays, they cannot honestly c onsider themselves to be t he best in the business at this stage. The ZNS Bahamas Tonight newscast is still the number one rated newscast in the country right now. Cable News 12 is indeed good, but they still h ave ways to go before they are crowned number one. I hope that whoever calls the s hots at Cable News 12 r eads this letter and gives s erious consideration to air ing the newscasts on weekends. Cable News 12 hasb een on the air now for sev eral years; it is high time that they start broadcasting on weekends and on holidays.T hank you! KEVIN EVANS Nassau, O ctober 16, 2011. EDITORIAL/LETTERS TO THE EDITOR P AGE 4, THURSDAY, OCTOBER 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 F reeport, Grand Bahama: 1-(242 Freeport fax: (242 W EBSITE w ww.tribune242.com updated daily at 2pm CANBERRA, Australia Thous ands of people cheered and waved from the banks of the Australian capitalsc entral lake as Queen Elizabeth II and h er husband, Prince Philip, took a motor b oat to a flower show Thursday in their f irst public appearance of a 10-day tour o f Australia. The queen wore a lilac hat and coat a nd her husband a hat to protect against the late morning spring sunshine as they waved to well-wishers from the open b oat beneath an almost cloudless sky. The couple, who arrived in Australia on Wednesday, appeared fresh despite the 11-hour time difference from their Lond on home. The fans who greeted the royal couple included Elizabeth Stewart, 83, who flew from her home in Lower Hutt, New Z ealand, to see the monarch for the third time. Stewart first saw the queen when she visited New Zealand in 1954, less then two years after her coronation. T he queen is the monarch of 16 coun t ries, including Australia and neighbour ing New Zealand. Stewart said she disagrees with the Australian government's position that the British monarch should be replaced as Australias head of state by a president who is an Australian citizen. The queen gives us continuity, Stewart said. Presidents come and go. Nils Lantzke thinks Australia should have a president, but decided to come to Canberra's Lake Burley Griffin anyway with his alpaca, Honeycomb, which he takes to hospitals as pet therapy for patients. Im not really interested in her as queen of Australia, Lantzke said. If it was the king of Saudi Arabia whod come to Canberra, I'd do the same make him feel welcome. Canberras annual flower show had been extended to accommodate the monarch's visit her 16th to Australia since 1954. The queen will visit Brisbane and Melbourne before opening next week's meeting of the 54-nation Commonwealth in the western coastal city of Perth. Leaders of the nations linked to Britains former empire, who meet every two years, will consider a range of rec ommended reforms, including lifting l aws against homosexuality that exist in most Commonwealth countries. T he queens arrival in Canberra late W ednesday was front page news in Aust ralia's major newspapers on Thursday. P rime Minister Julia Gillard, who a rgues the queen should be Australias last monarch, and Chief Minister Katy G allagher, the head of the Australian Capital Territory government, who agrees that Australia should become a r epublic, were questioned by reporters Thursday on why they had not curtsied when they greeted the queen on her arrival. B oth Gillard and Gallagher replied that protocol allowed them to bow and shake the queens hand instead of curtsying. The advice to me was very clear that you can make a choice with what you feel most comfortable with; thats what I felt most comfortable with, Welsh-born G illard told reporters. G overnor General Quentin Bryce, the monarchs representative in Australia and the first woman to fill the role, had greeted the queen by curtsying. Australians rejected a proposal to make Australia a republic at a referendum in 1999. Supporters of a republic were bitterly divided over various options for selecting a president. The Australian Capital Territory, where the queen will spend most of her current visit at the governor generals official resi dence, was the only state or territory to endorse a republic. John Warhurst, deputy chairman of the Australian Republican Movement, which is leading the public campaign to change the constitution to create an Australian head of state, said the queens popularity among Australians would probably doom another referendum to failure during her reign. We believe that she is a foreign dignitary first and foremost and Australia's head of state down the line, Warhurst said. But its hard to think of an inter national dignitary ... whos been around longer and has greater respect in the international community. (By Rod McGuirk of the Associated Press). Cable News 12 still not better than ZNSTV LETTERS firstname.lastname@example.org Australians cheer Queen Elizabeth 8PFUP&WJMEPFST EDITOR, The Tribune. P ermit me to comment on the PLP Headquarters broken into with FNM pom-p oms found inside. What will t he PLP resort to next for power? In my opinion they broke into their own placea nd tried to make it look like the work of the FNM. It is also my opinion that thesep eople are so desperate that t hey would stoop to any level. That is not the actions of FNMs, they have more class than that. Instead I see it as a page right out of the University of Wulff Roads goon squad manual. Be reminded of the fire at the same HQ. They tried t o insinuate then that it was the FNM. The same for Fred Mitchel l s HQ during the last camp aign. Dont judge the FNM by PLP standards, which as fara s I am concerned is lower than a snakes belly. I would be more inclined t o believe it, if it were the othe r way around. Of course, we all know the nature of the beast. A WISE ONE Nassau, October 2011. Nature of the beast
By DANA SMITH SEVERE road flooding has plagued Alexander Street in Palmdale for years, and thosew ho live and work in the area s ay they are fed up. One shop owner blames the Ministry of Public Works and Transport, which is responsible for clearing the drains of c logging debris. Samantha Moree, sales and marketing director of the bak-e ry Something's Different on the corner of Alexander and Rosetta Streets, said the stagnant water is sometimes around for days and has a negative impact on her busin ess. If it rains and the drains are clean, it can take anywhere between eight and 12h ours for the water to drain, Ms Moree said. If the drainsa rent clean, water can be t here for two or three days. M s Moree said the drain in front of her shop in particular needs frequent cleaning,b ecause all the water from the surrounding areas collect there. Because of our location, w e are the most affected. We are in a location where all of the water from the surroundi ng areas collects, she said. There are drains that help remove the water but theyh ave to be kept clean for them to work. only know of two times the drains have been cleaned once last year and once this year, because both times I called the Ministry of Works. I dont have time to call the ministry every time. Cleaning once a year might be okay for most drains, but since everything pools in our area garbage, water, dirt,e verything it needs to be c leaned more often. Its not a difficult problem to solve once the ministry realises this particular drain needs more attention thanm ost, she said. Ms Moree said the floodi ng discourages some potential customers, and frustratest hose who do show up. It looks very intimidating a nd very few people want to m ake the effort to come to our store. How many people look at o ur shop surrounded by the w ater and think, I just don't w ant to deal with that today? Its very embarrassing for us. Some of our customers have even complained, she said. Its a very old problem that has been here sinceb efore I was born, and Im 4 0, Ms Moree said. We moved here almost three years ago knowing that the water settled here. It wasnt a problem at first b ecause our business was based on pre-orders, but now w e do everyday retail and theres an urgency to get thisf looding under control. Weve thought about m oving, but then why should w e have to move? Why can't the problem be f ixed? We're already settled i n here. M inistry of Public Works a nd Transport representatives could not be reached for comment. LOCAL NEWS THE TRIBUNE THURSDAY, OCTOBER 20, 2011, PAGE 5 Upgrade valid on compact and intermediate cars, on rentals of 4 days or more. Offer ends December 10, 2011 and is subject to availability. Rates, terms and conditions subject to change without notice.C DW + taxes + fees + unlimited miles + f ree double upgrade alamo.com CONGRATULATIONS YOU JUST GOT A For reservations please contact: Going Places Travel at (242 | (786 | 1.800.468.3334. B e sure to request rate code RC1 and coupon code AU4368BJZ.Full-Size car as low as$ 210US W EEKLYIN FLORIDAwhen using the u pgrade coupon www.rdicaribbean.com Dont leave for tomorrow what you can do today UK distance learning from RDI Caribbean www.rdicaribbean.com Low study costs, exible payments PROGRAMMES OFFERED INCLUDEBachelors/Masters degrees in Business, Hospitality, Law, Computing and many more. Develop your career while studying Tutor and student support included Free membership of International Management Academy plus benets No attendance requirement. .. Now recruiting for October intake CALL (toll free) 1 888 496 6173 TODAY TO FAST TRACK YOUR CAREERRDI Regional Oe : 27499 Riverview Center Boulevard Suite 111, Florida, USA 34134 HOW LONG MUST WE PUT UP WITH THIS? HOW LONG MUST WE PUT UP WITH THIS? RESIDENTS and workers a re routinely s uffering f rom road flooding in Alexander Street in Palmdale,a nd say they h ave had enough
By DANA SMITH THE Hotel Industry Management Pension Fund is operating under a policy of discrimination according to a former hotel employee. Pedro Smith, 45, who worked in a Paradise Island hotel for 12 years, said he was unfairly denied a pension by the fund something which the Hotel Industry Management Pension Fund refutes. I worked for Resorts International from 1982 through 1994 as assistant manager of pest control and fire safety, Mr Smith said. Mr Smith moved to the US in 1998 and on March 15 of this year, contacted the Hotel Managers Union to make sure he was eligible for pension and was assured that he was. However, when he tried to claim his pension, he was denied. And Mr Smith claims that his two brothers, with whomh e worked, were both paid by the fund. According to Mr Smith, he c ontacted senior executives at the Hotel Pension Management Fund, but was told that although his brothers received cheques, this does not meanh e was eligible, despite the fact that all three worked for the same department and hotel. The Hotel Pension Mana gement Fund cannot choose who to give and not to give p ension cheques to, Mr S mith said. This is simply a discrimination policy. However, secretary to the funds Board of Trustees M ichael Reckley explained that Mr Smith is clearly not eligible for a pension at this t ime. According to the rules of the fund which Mr Reckley said are clearly stated in thep ension plan handbook to q ualify for a pension at all, e mployees have to have worked for a hotel for more t han 10 years, at which point they become vested members. Any person who works less than 10 years and is not yet vested can request a cash out and will be paid the equivalent of the contributions to the fund made in their name, but no regular pension payments. Those who do qualify for a p ension are supposed to begin receiving payments at age 65,b ut can request an early pension at age 55 if they have worked in a hotel for more than 15 years. Mr Reckley explained that as Mr Smith worked in the industry for 12 years and therefore became vested, he cannot cash out. And, he does not qualify for an early pension because he did not work in thei ndustry for more than 15 years. Even if he had, Mr Reckley p ointed out, Mr Smith who left the hotel at age 28 is only 45 10 years too young to qualify. The funds records indicate t hat a brother of Mr Smith was issued a cheque, but this was a single cash out payment, for which the recipient q ualified because he had w orked at the hotel for less than 10 years, Mr Reckley s aid. H e said he has spoken to Mr Smith more than a dozen times in an effort to explain why he does not yet qualify f or a pension. When he is of age the payments will begin, Mr Reckley s aid, adding: The rules are clear. We are a reputable company, and this is a worthwhilep lan. We aid anyone who works i n this industry, the fund secretary said. B ut Mr Smith disagreed, saying people who worked for more than 10, but less than 15 years in a hotel are left out in the cold. He said this means that by definition, the plan is discriminatory which he said means to make distinctions in treatment or show partiality and prejudice. And Mr Smith also called f or more government over sight of all pension plans, a long with full audits to ensure members funds are being properly administered. LOCAL NEWS PAGE 6, THURSDAY, OCTOBER 20, 2011 THE TRIBUNE RESIDENT PROMOTION Adults 79$Kids 49$No reservations required, based on availability. For general inquiries call 363-6950.Aquaventure passes and lunch vouchers are available at the Discover Atlantis Desk in the Coral Towers. Proof of residency required for discounted rate.Includes: Complimentary Parking included with Package PurchaseLocated at the Atlantis Self Park Facility at the rear of the Craft CenterComplimentary Lunch Voucher Redeemable at express outlets onlyAccess to all Atlantis Pools, Slides and Rides August 20th November 20th HOTEL INDUSTRY PENSION FUND OPERATING UNDER A POLICY OF DISCRIMINATION
By CELESTE NIXON T ribune Staff Reporter c email@example.com DURING his contribution t o the crime bills debate in t he House of Assembly yesterday Opposition leader Perry Christie called on MountM oriah MP Tommy Turnquest to clarify his statementsm ade on Tuesday regarding M embers of Parliament hiri ng illegal workers. He said his ambiguous comments left questions a bout whether a Member of Parliament was involved in illegal activities. Is there something we s hould know about illegal activities on the part of any one, because the implication o f what you said clearly was that some people had work permits without having per m ission and had people work ing without work permits, said Mr Christie. Mr Turnquest was brought t o his feet earlier this week in the House of Assembly as he demanded that Bamboo T own MP Branville McCart ney withdraw his reference to the prime minister in whichM r McCartney accused the P rime Minister of not sub mitting his disclosure forms under the Public DisclosureA ct. Under the Act members of parliament are required to disclose theirs and their immediate familys assets. Failure to do so is an offence punishable by a $10,000 fineo r up to two years in prison or both. An offenders property can also be forfeited to the Crown. The member for Bamboo Town, said Mr Turnquest, has made a claim against the member for North Abaco (Mr Ingraham has refuted that he ought to withdraw those remarks. Later, Mr Turnquest said he did not want Bamboo Town MP McCartney to withdraw the claims against the nation's chief. Obviously we will deal with it in another manner, said Mr Turnquest. Persons in this House have been tardyin doing their public disclosure for many years but people have also been tardy in hiring illegal persons without any permits and doing other things. Speaking with the Tribune yesterday Mr McCartney said he did not wish to speculate whether Mr Turnquests com ments were directed towards him, but added that if they were Mr Turnquest should come forward to clarify his statements and if there is con cern to confront him with it. do not know what he was speaking about when he referred to illegal immigration, said Mr McCartney, who at the time of his resig nation from the FNM earlier this year, was junior Minister of State for Immigration, butI encourage the Minister of National Security to come and speak with me if there is a concern stop making accusations from his seat in Par liament. Mr Christie in his address said further to Mr Turnquest comments, South Abaco MPEdison Key's claim about the $5,000 retainer paid to Mr McCartney to collect money owed to BAIC raised serious questions. In the House of Assembly on Tuesday Mr Key had claimed that Mr McCartney a ccepted a $5,000 retainer to h elp BAIC collect millions in unpaid debt, but had yet to deliver on his part of thea greement. That was just left there b ecause members have a dmonished each other in t his debate we must not paint people indirectly and wrongly. It's a matter that s hould be clarified, said Mr Christie. Responding to Mr Keys c omments during a press c onference yesterday at his Halsbury Chambers law firm, Mr McCartney deniedt he allegations, calling them untruths. Mr McCartney said he n ever spoke with Mr Key regarding legal work for BAIC, nor did he receive a cheque from them. I wonder if Mr Edison Key knew what he was saying, said Mr McCartney, itw ould mean that he would have colluded with a cabinet minister he would have been very wrong to do that. Admitting that a former a ssociate of his firm was retained and provided legal s ervices for BAIC, Mr M cCartney said he was not practising during the time in question and provided nol egal work for BAIC while a Cabinet Minister. LOCAL NEWS THE TRIBUNE THURSDAY, OCTOBER 20, 2011, PAGE 7 CHRISTIE: SERIOUS QUESTIONS OVER MPSACTIVITIES P ERRYCHRISTIEhas called on Tommy Turnquest MP to clarify comments on MPs hiring illegal workers to make clear whether an MPwas involved in illegal activities CHRISTIE: SERIOUS QUESTIONS OVER MPSACTIVITIES I I s s t t h h e e r r e e s s o o m m e e t t h h i i n n g g w w e e s s h h o o u u l l d d k k n n o o w w a a b b o o u u t t i i l l l l e e g g a a l l a a c c t t i i v v i i t t i i e e s s o o n n t t h h e e p p a a r r t t o o f f a a n n y y o o n n e e ? ? Perry Christie
IN APRIL, RoyalStar A ssurance launched the second annual Click for A Cause charity drive. The online, interactive campaign branded b y the companys advertising and design firm, AdWorks, w as once again very well r eceived with final vote tallies exceeding those of last year. The initiative was introd uced last year with much fanfare and wrapped-up in December 2010, with dona tion presentations to the three c harities with the most votes Hands For Hunger, the B ahamas National Trust and the Ranfurly Home. RSA also presented three lucky persons who made d onations to the various char ities with either a $250, $500 o r $1,000 Visa gift card. T his year, the public was again invited to vote for the charity of their choice from al ist that included: Abilities Unlimited, the AIDS Foundation, the Bahamas Conference Womens Missionary Society,B ASRA (Bahamas Air, Sea and Rescue Association), the H umane Society, the Persis Rodgers Home for the Aged, Sister Sister, the Bahamas Red Cross, the Scout Association o f the Bahamas, Project Read and Ride For Hope. V oters were encouraged to v ote for any charities not list ed as well. The Bahamas Con ference Womens Missionary S ociety, BHumane and Sister Sister emerged as winners. Each organisation received a donation from RoyalStar A ssurance. LOCAL NEWS PAGE 8, THURSDAY, OCTOBER 20, 2011 THE TRIBUNE R EPRESENTATIVES FROM a ll the winning charities in RSAs Click For A Cause 2011 campaign. CLICKING FOR A CAUSE PRESIDENT OF the Ranfurly Home Alexandra Mallis-Lynch (centre and a Ranfurly Home representative accept a donation from Sherease Mills, RoyalStar Assurance representative KIM ARANHA, president of the Bahamas Humane Society. H ANDS FOR HUNGER f ounder and president Alanna Rodgers accepts a donation from Royal-S tar Assurance. VICE-PRESIDENT of Sister Sister, Sandra Ferguson R olle, and Sister Sister President Andrea Sweeting accept a donation. S HEREASE MILLS, R SA representative, presents T helma Williamson and Juliette Patterson of the Bahamas Conference Womens Missionary Socie ty with their donation. LYNN GAPE, deputy executive director of the Bahamas Nationa l Trust, is presented with a donation by Sherease Mills.
LOCAL NEWS THE TRIBUNE THURSDAY, OCTOBER 20, 2011, PAGE 9 The Mercedes-Benz C-ClassYour most enjoyable drive ever.The Mercedes-Benz C-Class is a pleasure t obehold offering a new interpretation of driving pleasure. Its taut lines lend it an air of effortless superiority while the wide radiator grille and distinctive rear section announce a vehicle with a real presence and dynamic personality. Few cars can compete with its ability to adjust so many facets of its character from the interior to the drive technology so quickly and precisely in response toexternal conditions and your own particular needs. The key to this flexible response is the standard-fit Agility Control Package which includes selective damping. The interior offers noticeably more space and a more distinctive atmosphere tosuit your taste. As you will see, the C-Class is the perfect embodiment of the Mercedes-Benz philosophy.Tyreflex Star MotorsWulff Road, P. O. Box N 9123, Nassau, The Bahamas, Tel 242.325.4961 Fax 242.323.4667OUR PARTS DEPARTMENT IS FULLY STOCKED WITH EVERY COMPONENT NECESSARY TO ENSURE THAT YOUR MERCEDES RUNS TROUBLE FREE. TRAINED TECHNICIANS ON DUTY. e new community of Schooner Bay South Abaco operated by the Schooner Bay Community Corporation and Bahamian developer Lindroth Development Company Ltd. is now actively accepting proposals from licensed, insured and qualied Bahamian professionals for new business opportunities that are planned in the early years of this blossoming harbour village community. Electric Golf Cart Sales, Rentals, Service Automobile Rental & Leasing Grocery Store & Farmers Market Liquor Wine Ice Store Gas Station & Harbour Fuel Services Hardware & Housewares Store Regional Ground Transportation (van/bus) Residential Waste Management Boat Hauling & Dry Storage Marine & Ships Store Coee Shop & Sundries Property Management Services(Maintenance, Landscape, Housekeeping)e following opportunities have been identied as the core businesses n eeded at Schooner Bay in 2012 and beyond: P lease send proposals to: firstname.lastname@example.org Proposals should be received by November 15th, 2011. Only select candidates will be contacted.REQUEST FOR PROPOSALS NEW BUSINESS DEVELOPMENT MINISTER of National Security Tommy Turnquest, right, welcomed Jim McLay, ambassador and permanentr epresentative of New Zealand to the United Nations, during a courtesy call at the Churchill Building onO ctober 13. Photo:Patrick Hanna/BIS WELCOME FOR ENVOY
LOCAL NEWS PAGE 10, THURSDAY, OCTOBER 20, 2011 THE TRIBUNE Holding a daughter close, Mr Rolles visibly distraught wife, Theresa Rolle said: I just want this to be over. H aving been called in to t he Princess Margaret Hospit al morgue to view and identify the body, Mr Rolle's fam-i ly and friends were crying and comforting each other as they left. Senior police officials said they were unable to comment on the familys theory. C alls to head of the Cent ral Detective Unit, Supt Paul Rolle, were not returned. On Tuesday morning, just before 3am, Mr Rolle and a so-far unidentified woman were sleeping in a home on Saki's Close off Soldier Road when three gunmen forced their way into the home and opened fire on t he couple. Police have confirmed that the two children in the h ouse at the time were not injured. The woman, who suffered multiple gunshot wounds, was t aken by ambulance to Princess Margaret Hospital, w hile Rolle was declared dead at the scene. Mr Rolle's death, the coun try's 105th murder of the year, comes as members of parliament discuss 10 anti-Crime B ills. T he Bills aim to revamp the outdated penal code, tackle the problem of repeat offenders and to put stiffer penalties on hardened criminals. Anyone who is able to assist with information can contact police at 911 CDU at 502-9991 and Crime Stoppers at 328-tips He also criticised 10 Bills which were debated in Parliament yesterday meant to address crime through an overhaul of the penal code, an amendment to the Bail Acta nd increasing sentences for c ertain violent crimes and said the legislation does nothing to address the social roots of crime, poverty and violence. The country is in the midst of a crisis, said the Farm Road MP, where out of work young men are being lured into a life o f crime through promises of easy money. He said he has even been p ropositioned by teenage girls for money in exchange for sex, w ho pay their way through s chool with cash given to them b y older sexual partners. There is a criminal enterp rise that exists that is a source of attraction for (young people). There are young men without criminal records that have been attracted to them. There is an obligation for the state to create a counter to the criminal enterprise and we're fooling ourselves to come in here and talk nonsense about Urban Renewal The criminal enterprise e very day is saying youre not w orking come and take this $50, give this to your mother, take this for rent and then one day they say I want you to shoot him for $500. The fundamental failure of the FNM today in the face of the most serious crime crisis is their seemingly lack of understanding of the need fort here to be a strategy beyond that of arming and equipping the police which we support. You could buy all the equipment, give the police all t he technology, unless you h ave a programme that is directly relating to children in their environment and that programme informs public policy, an intervention to help,y ou are wasting your time. He added that findings of an IDB sponsored report that was commissioned during his term as prime minister foundt hat many students are armed or have thoughts of violence. According to that report, 66 per cent of girls and 50 per cent of boys surveyed said they feel like hurting or killing s omeone while 33 per cent of males, 13 per cent of females s aid they carry a weapon outs ide of school and 20 per cent o f male secondary students and 6 per cent of female said t hey carry a weapon to school. These examples underscore the need for Government to invest as much in social programmes as they have in public infrastructure, he said. This government has demonstrated it can spend $250 million on roads and infrastructure. There is a compelling need in this country for us to recognise that we are out of control with crime. (But of young Bahamians who are b eing overlooked. Youre faced w ith a crisis. Youre faced with h undreds of people out on bail, youve castigated us for being wutless and you have not been able to move from the same spot you're stuck. The Progressive Liberal Partys plan to curb crime includes police saturating crime hot spots and Urban Renewal 2.0, which will focus on social intervention and community based policing. Debate on the crime Bills continues in the House today. f f r r o o m m p p a a g g e e o o n n e e f f r r o o m m p p a a g g e e o o n n e e MURDERERS GOT THE WRONG MAN FAMILY and friends of Robbie Rolle outside the morgue yesterday morning C HRISTIE:CRIME PLAN A FAILURE
der, rape or armed robbery in 2010 and 2011, only 13 people have been given an electronic bracelet, Mr T urnquest said yesterday. When you start looking at those released on bail from the time they werec harged and what they were charged with, it will make your hair curl. Mr Turnquest added: We went to great lengths to introduce this electronic monitoring system, if youre g oing to release them at least put an ankle bracelet on them. T he government has s pent $878,851.30 for the m anagement of the monitoring system by ICS of the B ahamas and international partners, Mr Turnquest said. During his contribution t o the governments pro posed compendium of anticrime bills, the Mount Mori a h MP explained that it cost the government a total of $15 per day to monitor an individual, more than halft he cost per day of housing a prison inmate. At the beginning of the w eek, 179 people were in the programme, and 162 w ere being actively monit ored. Mr Turnquest said 17 p eople have been remanded to prison for breaching the t erms of their monitoring. Im not passing the buck, Mr Turnquest said. Im talking the facts. I did nt put them out on bail, I put them before the courts.W e can continue to dance around this issue or we can look at the facts. I echo the frustration of t he Police, who work hard in taking alleged criminals off the streets, only to have t hem return to commit more c rimes, he said. T he electronic monitoring programme has been i ntroduced in New Provi dence, Grand Bahama, Abaco and Exuma. Due to its e ffectiveness, Mr Turnquest said the programme also has been implemented inT rinidad and Tobago. During yesterdays debate, Mr Turnquest also revealed that nearly 500B ahamians have been deported from foreign jurisdictions. Whilst most of the d eportations have been as a c onsequence of violating immigration laws, some 42 p er cent of the deportees had been convicted of drug related offences, Mr Turnq uest said. The matter of criminal deportees returning to theB ahamas from foreign jurisdictions is therefore one that is of concern to law enforce ment agencies and one that w arrants constant monitoring. LOCAL NEWS THE TRIBUNE THURSDAY, OCTOBER 20, 2011, PAGE 11 S outh Abaco MP Edison Key. B ranville McCartney, MP and Democratic National Alliance (DNA press conference yesterday denied that Bahamas Agri-c ultural & Industrial Corpor ation (BAIC c lient, as Mr Key had alleged in the House of Assembly. Mr McCartney said he was actually inactive at the firm at that time, not practising for somet wo years prior to being electe d to government. Old men playing old political games and it is not going to work this time, said Mr McCartney. He said as a young leader w ho is trying to move forward in a new way for the country he is being falsely attacked for starting a new party and giving the people an alternate choice. F ollowing a heated exchange between Mr McCartney and Prime Minis-t er Hubert Ingraham and several government members in the House of Assembly yesterday after the Bamboo Town MP chastised the PM for failing to submit disclosure forms of his assets, MrK ey said that three years ago when Mr McCartney was still a government minister h e was hired by BAIC to help t he agency collect millions in outstanding payments. M r Key claimed Mr M cCartney was paid $5,000 f or his services, but was never heard from again on the matt er. "We made an agreement and we gave him a retainero f $5,000 almost three years a go and I haven't heard from h im from then 'til now, said Mr Key. Statements made by Mr Key offended my integrity, q uite frankly my honour and I t ake offence to that, said Mr M cCartney. He said that he has never b een to Mr Keys BAIC o ffice, he has never been a pproached by him or agreed to do any legal work for him w hile a cabinet minister nor did he ever receive a cheque for $5,000 from BAIC, asc laimed by Mr Key. Everything he said about m e is an untruth in Bahamian terms he lied and should be very ashamed of himself, said Mr McCartney. F urther Mr McCartney said t hat if Mr Keys statements w ere correct he would have been wrongly colluding with a c abinet minister who he well k nows should not have been p ractising. I am asking the Prime M inister to call for Mr Edison Keys resignation, said Mr McCartney. I say thato utside of the House of A ssembly so that if anything I a m saying is untrue he has every recourse against me. During the press conference Mr McCartney provide d copies of letters exchanged b etween Mr Key and Donald Saunders, a former associate of Halsbury Chambers, the first dated September 12, 2007 from BAIC requesting a contract for legal services. A copy of the retainer c heque in the amount of $5,000 was also provided by Mr McCartney who confirmed that legal services were rendered for BAIC by MrS aunders, not himself. M r Saunders, an associate o f Graham Thompson & Co, speaking with The Tribune said he could not speak to claims made by Mr Key regarding Mr McCartney yesterday, however, he did con-f irm he represented BAIC w hile an attorney at Halsbury Chambers working on a number of files until his departure three years ago. I never have solicited work from BAIC, said MrS aunders, as a senior assoc iate at Halsbury I responded t o a request for legal service a nd work was in fact carried o ut until my departure from t he firm in 2008. M r Saunders added he con tinues to provide legal serv ices for BAIC and maintains a good relationship with them. M r McCartney challenged M r Key to make such claims against him outside of the privilege of Parliament where he can be held accountable for his words. w ere compiled when the countrys murder count stood at 104 and do not account for murder victim Robbie Rolle, who was killed inside his Soldier Road home on October1 8. There were 72 murders up t o October 11, 2010. National Security Minister Tommy Turnquest said that while police have solved 52per cent of this year's murd ers the remaining challenge is getting the matters before the courts. Of the 105 murders recorded for the year, 72 per cent of them were done withf irearms and 15 per cent by knives. Sixty-six per cent of the 105 m urders recorded this year were directly related to crim-inal enterprises fueled by d rugs, conflict and retaliation w hile nine per cent were d omestically related, said the MP. H e added that police have concluded that the majority of murder victims and susp ects are known criminals. An analysis of the murder c ases also reveal that many of the victims and the suspects are known to the police. Members opposite have tried to portray this analysis asu ncaring, nothing could be further from the truth. I am concerned about these murders, but I am more concerned about those innocent victims, those armed robbery victims who are killed by t hese thugs. According to the statistics incidents of rape rose by 38p er cent, from 58 reported cases up to October 11 last year to 80 at October 11,2 011. Attempted rapes increased by 18 per cent, from 22 reported incident to 26 in thec orresponding time period. However, there were decreases in two categories of violent crimes, manslaughter and unlawful sexual inter course which fell by 50 per c ent and 30 per cent respec t ively. Crimes against property rose by 10 per cent up toO ctober 11 compared to the same time last year. However, in this category there were decreases in r eported incidents of burglary, shopbreaking and stealing which fell by 12, 23, and onep er cent respectively during the time period in question. Housebreaking increased b y nine per cent from 2,293 to 2,502, the statistics revealed. The Mount Moriah MP released the statistics as he made his contribution to a debate on 10 criminal justice Bills in the House of Assembly yesterday. He said the package of Bills is part of Governments multi-faceted approach to root out criminal elements in society. The debate resumes in Par liament today. SECURITY MINISTER HITS OUT AT JUDGES YET AGAIN f f r r o o m m p p a a g g e e o o n n e e f f r r o o m m p p a a g g e e o o n n e e f f r r o o m m p p a a g g e e o o n n e e BRAN REJECTS BAIC ACCUSATIONS BRANVILLEMcCARTNEYshows the document which he says disproves the accusations made by South Abaco MPEdison Key over work for BAICPhoto: Felip Major /Tribune Staff TEN PER CENT RISE IN CRIME FIGURES Crimes Against the Person Murder 72; 104 Attempted Murder 7; 9 Manslaughter 2; 1 Rape 58; 80 Attempted Rape 22, 26 Unlawful Sexual Intercourse 183; 129 Armed Robbery 639; 704 Robbery 237; 274 Attempted Robbery 25; 27 Crimes Against Property Burglary 293; 258 Housebreaking 2,293; 2,502 Shopbreaking 975; 752 Stealing 1,513; 1,503 Stealing from a vehicle 1,180; 1,868 Stolen vehicles 960; 1,031 Crime Statistics from January 1 to October 11, 2010, and January 1 to October 11, 2011.
BY DENISE MAYCOCK Tribune Freeport Reporter Dmaycock@tribunemedia.net FREEPORT The financ ial woes of many small businesses in Freeport are not due to economic circumstances but rather because of poor bookkeeping practices according to Clara Lowe, D epartment of Statistics assist ant director. At a workshop hosted by the department on Tuesday,M rs Lowe noted that most small businesses do not havep roper accounting records. Too many businesses are f ailing because they are unprepared for this economy as they do have not properr ecords to evaluate their weaknesses, and unfortunately we are seeing especially smaller businesses here c losing, she said. In observance of National Statistics Day, the Departm ent of Statistics invited 50 small business owners to par ticipate in a free workshop u nder the theme, Partnering with our Business Community to Provide Better Statistics for Sound Planning. C PA John Swain, first vice president of the GB Chamber of Commerce, made a p resentation on the topic, How to keep good business accounting. Nicole Pinder, supervisor f or the business establishment section at the departments northern branch, gave a pre sentation on the topic, The importance of good business statistics. Mrs Lowe noted that a sample survey is conducted of private entities engaged in productive economic activity on Grand Bahama. The survey begins the first week of March each year and questionnaires are mailed, emailed or hand-delivered tot he selected respondents, who are required to provide infor mation on their performance t he previous year. Mrs Lowe reported that for the first time in many years,m ore that 70 per cent of the businesses responded. However, she noted that certain portions of the ques t ionnaire were not filled out because many small business owners simply do not have t he relevant information due to the lack proper account ing/bookkeeping records. Many could not put their h ands on the information to fill out the forms of their returns because they do noth ave proper accounts, Mrs Lowe said. What we find is that older f olks keep their receipts in a box and the young people try to keep it on a computer but they are not updating it, and p roper records are important in business, she said. Mr Swain told participants t o keep their personal and business accounts separate. He also stressed the impor tance of making daily deposits a t the bank, keeping proper documentation of deposit slips and cash receipts, and reconciling bank statements. In her presentation, Nicole Pinder noted that the business establishment section of the Department of Statistics conducts surveys on private businesses in 13 sectors, including, mining and quarrying; manufacturing; elec tricity production and distribution; water production and distribution; construction; wholesale and retail trade; hotels, motels, guest-houses and restaurants; transport and storage; real estate; business services; private educational institutions; healtha ctivities; and other community, social and personal ser vices (which includes funeral h omes, beauty salons and washhouses). She said the data generated f rom the surveys is fed into National Accounts Section where it is used to measure each sector's contribution ton ational output and to pro vide information essential to the estimation of the national i ncome and gross domestic product of the Bahamas. Ms Pinder said the survey c ommences in March of each y ear and ends August 31. She said respondents are required to complete infor-m ation regarding their business performance the previous year and return question n aires the Department of Sta tistics. During the survey, officers are required to periodically c ontact the establishments to determine firstly, if they have received a questionnaire ands econdly, if they need assistance in completing the questionnaire. This process continues until t he end of the survey period. There are several steps in the editing process which fol lows. First, the questionnaires are checked for completeness and accuracy. Second, they are then compared with the previous years returns for that particular respondent so as to detect any consistency errors. Lastly, in the event that drastic fluctuations exist, the respondent must be contacted to discuss the possible explanations. LOCAL NEWS PAGE 12, THURSDAY, OCTOBER 20, 2011 THE TRIBUNE CPAJOHNSWAIN, first vice-president of the GBChamber of Commerce, who gave a presentation at the Department of Statistics free workshop under the theme Partnering with our business community to pro v ide better statistics for sound planning MEMBERSOF the audience listen during the Department of Statistics free workshop W W h h a a t t w w e e f f i i n n d d i i s s t t h h a a t t o o l l d d e e r r f f o o l l k k s s k k e e e e p p t t h h e e i i r r r r e e c c e e i i p p t t s s i i n n a a b b o o x x a a n n d d t t h h e e y y o o u u n n g g p p e e o o p p l l e e t t r r y y t t o o k k e e e e p p i i t t o o n n a a c c o o m m p p u u t t e e r r b b u u t t t t h h e e y y a a r r e e n n o o t t u u p p d d a a t t i i n n g g i i t t , a a n n d d p p r r o o p p e e r r r r e e c c o o r r d d s s a a r r e e i i m m p p o o r r t t a a n n t t i i n n b b u u s s i i n n e e s s s s C lara Lowe, Department of Statistics STATISTICS ADD UP TO GOOD BUSINESS
OPINION THE TRIBUNE THURSDAY, OCTOBER 20, 2011 PAGE 13 What are the suspected names of the manatee mother and calf found in Nassau Harbour? Rit a and Geor gie O pinion B y JOSEPH A WALKER PhD, LLB (Hons KINDLY allow me some space in your valuable column to make a few comments on the issue of crime in The B ahamas. I n recent times, it has become fashionable and convenient for those who weret hemselves at one point or the o ther, in one capacity or the other, in charge of our coun-try to make public proclamations on the cause of crimea nd to point fingers at others f or the same. Nothing is wrong with this a s it keeps focus on the probl em but, in all of it, the proclamations appear to miss the real target. I will return to this point later. O ne has heard the Leader of the Official Opposition p ontificate about who is responsible for the crime w ave we are experiencing and a s to what he would do about it if he and his party were returned to political power. It appears, however, that h e has conveniently forgotten t hat he and his party had five years to deal with this said problem of crime but he and h is party did little or nothing to solve the problem and they were removed leaving the problem to grow and fester. When the crime, at the m aterial time, touched personally, the Leader of the O fficial Opposition, there were many promises of whath e was going to do to get to the bottom of it but, alas,n othing was done. The problem remained unabated. T he Leader of the DNA, like the Leader of the Oppo sition, has blamed the present government for the problem of crime going so far as toh old the Minister of National S ecurity personally responsib le for the problem, quite conveniently forgetting that he was a senior member and Cabinet Minister of the now governing party and therefore shares part of the blame. While one acknowledges t hat the crime issue is one of g rave concern, leaders as well as those aspiring to be political, religious and social lead-e rs ought not to allow thems elves to make pronouncements on this most serious issue based on emotions, spite, political pandering, per-s onal, arbitrary and ascriptive c riteria or on poorly understood facts or principles. Tod o so is to be divisive and it b odes no one well nor does it contribute to the solution of the problem which should be the aim of all those whoe ngage in the debate on the issue. W ith all the noise in the market place about crime, p articularly crimes involving m urder, the salient point that is being missed or ignored or not understood or factored in the analysis is that no one, nott he government, not the Mini ster, not even the parent or spouse of the murderer can prevent a murder unless the m urderer makes his intention known prior to carrying out the act. Even so, one may articulate an intention and may notf ollow through on the expressed intention or follow t hrough may be delayed. Murder is ideally personal a nd, in most cases, private, even if it is committed in ap ublic way. Some murders are spontaneous. T hus, because murder and other violent crimes can only be prevented if one has prior knowledge of their impending incidence, it is shortsight-e d and, in many ways, unfair, in ones view, to hold any one p ersonally responsible for them save the perpetrators. It is for this reason that w hen the accused of a murder or other crime is convicted of his crime, not the gov ernment, the minister or his p arents, is punished person ally. This is not to be construed t o say crime cannot be prevented for surely certain measures can be put in place to discourage or reduce its incid ence, but this will only be effective when we as a society have a clear understanding oft he root causes of crime in our society. Not the causes of crime in t he US or other Caribbean t erritories as published in reports and textbooks, but those causes, if any, characteristic to The Bahamas. The factors involved in causing crime are varied, multifaceted and, some cases, i nterrelated and, as such, any n umber of or any combination of them can synergise in any individual or group ofi ndividuals to result in the c ommission of a crime. What we, as a society, need to do is to try through detailed and valid longitudinal scien-t ific research, to identify, if w e can, those factors, conditions, circumstances, commu-n ity characteristics, family v ariables and even national linkages that are common among murderers and perpetrators of other violent crimest hat may be trigger factors and therefore attempt to ident ify and develop and apply practical ameliorative strateg ies. E ven so, we may, at best, only make a small dent in the problem. If we can, that would be a s tarting point from and on w hich we can build and learn. Crime is not a simple issue in any society. T here is no simple or easy solution therefore. If there were, other more developed and advanced societies would have solved it a long time agob ecause they have been grappling with it longer than we h ave. All the pillars of society t he government, the opposi tion parties, the church, the j udiciary, the security forces, the educational system, thef amily to name a few must work cooperatively and con genially for the reduction of crime in our society. The blame game is most dysfunc-t ional and, at best, divisive. IS THE SOLUTION TO CRIME TO CHOOSE ONE SIDE OR TO WORK TOGETHER? I NTHE d ebate over crime in the Bahamas, each side has pointed the finger at others but would it be more p roductive for all sides to work together?
B y NEIL HARTNELL Tribune Business Editor P ROPOSEDreforms to the Bahamas casino gaming regulations will make a sig nificant difference if they are all enacted, the minister oft ourism yesterday saying they would make this nation more competitive and give it ap otential tie breaker over r ival destinations. The legislative and regulatory amendments, awaited for more than a year by the Bahamas Hotel Association (BHA regulations, are now contained in a massive docu ment that Vincent Vanderpool-Wallace hopes to place before Cabinet soon. Acknowledging the difficulty in getting important items on the Government and Cabinet agenda, especially given the current focus on crime-related legislation, the minister of tourism said the proposed gaming reforms would both modernise the regulatory framework and enhance the competitiveness of Bahamian casinos. $4. 68 $4. 51 $4. 69The information contained is from a third party and The Tribune can not be held r esponsible for errors and/or omission from the daily report.$ $5.09 $5.04 $5.03 T HETRIBUNE SECTIONB email@example.comTHURSDAY, OCTOBER 20, 2011 Sleep well while your money grows. B y NEIL HARTNELL T ribune Business Editor THENassau Airport Development Company (NAD final agreement for a $25 million hotel and office/confer-e nce centre to be built at Lynden Pindling International Airport (LPIA likely to create between 100150 full-time jobs. F rank Watson, chairman of the Airport Authority, yest erday confirmed to Tribune By NEIL HARTNELL Tribune Business Editor THEUS renewable energy company that has partnered with the Bahamas Electricity Corporation( BEC) and Baha Mar yest erday said it was looking to establish a permanent operation in Nassau that would create more than 20-25 full-time jobs. It added that i ts technology would save t he Cable Beach developer 8 M ega Watts (MW By NEIL HARTNELL T ribune Business Editor THE BAHAMASis continuing to o utdo rival crawfish (spiny lobster exporters even though its prices are 20 per cent higher than the global avera ge, although it is in danger of losing significant share of the Canadian market to the likes of China and Brazil. CARICOMs Office of Trade Negot iations (OTN regions crawfish industry and trade volu mes, noted that the Bahamas was its top exporting member state based on 2009 data, accounting for 86 per cent some $60.372 million of its total $70.2 m illion crawfish exports for that year. By NATARIO McKENZIE T ribune Business R eporter firstname.lastname@example.org A BAHAMIAN entrep reneur yesterday told Trib une Business his company has seen rapid expansion since it s tarted 16 months ago, and continues to secure work on several m ajor projects, including 80 per cent of Baha Mars parking lots. With this rapid expansion, Atario Mitchell, president of B ahamas Striping, said he hopes to create more employment opportunities for young Bahamians. He told Tribune Business that ever since Bahamas Striping was launched 16 monthsa go through the assistance of the Governments Self-Starter program, the company has been aggressively competing for business. M r Mitchell told Tribune Business: The company is expand ing very fast right now. I am looking to purchase some more machines. I have some work coming up on the island, and I $25M AIRPORT HOTEL DEAL CLOSE BAHAMAS WINNING CRAWFISH EXPORT W AR DESPITE 20% HIGHER PRICING NAD and investors likely to sign in early November for 108-room hotel and office facility Project to create 100-150 jobs, and target meeti ng fly-in market Site between exit/entry roundabouts targeted Airport Authority chair a little sceptical on ability to find market niche THENEW USdeparture terminal at the Lynden Pindling International Airport. SEE page 4B But in danger of losing significant Canada market share to Br azil and China Nation accounts for $60m, or 86%, of CARICOMs 2009 c r a wfish exports Car ibbean firms urged to forge Bahamas partnerships SEE page 6B CASINO REFORMS SET TO GENERA TE TIE BREAKERS Minister sa ys massive tome of proposals will make significant difference to Bahamas gaming competitiveness SEE page 19B SELF-STARTER TAKES 80%OF BAHA MAR LOTS BEC PARTNER TO CREATE JOBS VIA NASSAU OFFICE OTE to create more than 20-25 full-time jobs with planned permanent Bahamas presence Baha Mar cooling plant to involve over $100m investment Move will save Cable Beach developer 8MW, or 90% of A/C bill, per year SEE page 19B SEE page 4B
By DEIDRE M. BASTIAN CAN THE MECHANISMS that make us trust beautiful people more than regular-looking folk be traced to our bloodline? What about objects? Can we t rust objects that are more beautiful than those that are not? Probably not; objects dont communicate like humans, and the link between object design and designer is often unknown. In other words, the human element of most objects is muted and not at all salient in the viewers mind. But what if the object did communicate a strong human element, whereby the visual aspect could be viewed as an extension of our personality? Like websites. I would like to t hink they may be viewed as an extension of a person with a personality, and other associations that go beyond objective evaluations. F eatures Why? Well, website communication is adorned with decorative features. It may have balanced beauty in human beings with trust, which has traditionally been the most important obstacle for website vendors to overcome. (Sounds fair? Hypothetically, in the physical world you can easily sell a product by interacting and marketing tactics. But in the e-world, where t here is no face-to-face interaction and critics constantly grunt that all online marketing is a total gimmick, it is paramount that you target customer needs and convince them your e-business is trustworthy. The key is to know your market and build the website to their preferences. T here are many factors to consider when designing a site, especially when millions of online businesses are competing for attention. Human beings are visual creatures that thrive on what appeals to them the most. Moreover, your website represents your company's i mage, and your every approach should be lucid but appealing because a content that informs and educates will encourage customers to buy as well. Give your visitors what they want, not what you want, and they will love you for it. Happy visitors buy more, and effortl essly recommend your business to others. Do not mislead customers by false advertising, but facilitate products to cross-sell and up-sell. For example, when a customer purchases a CD player, a disc cleaner can also be offered. E qually, it is important to create smooth navigation that works in the same manner as aisles in a supermarket. It should take customers to items they want to buy. Your website should be all about load speed. You have between 10 and 30 seconds toc apture your potential customer's attention, so load time is important. Personalisation of your website is another key element that can increase sales. Ensure your site is consistent in look, feel and design, and interactive enough to add feedback with an e-mail that allows visitor questions. What background colours work best? Years of testing have shown that black text on white background works best on web sites, as text on a background with patterns is difficult to read and will blend in with the background. The rule of thumb is to build a website with dark text o n light-coloured background. Serif fonts are excellent on paper, but they do not read well on-screen due to low resolution. Sans serif works best on websites. Using the same font size throughout your text proves to not only be monotonous but discourages users from reading the e ntire page. Use different sizes and colours for headings, subheadings and paragraphs, and give plenty of space in between. Try serving information in bite-sized chunks, as long blocks of text can discourage reading. Use bullets, which make it 10 times easier for a reader to skim y our content. Conditions No matter how good the screen or the conditions for reading are (colours, light still much more difficult to read on screen than on paper. Try to use words that even 10 year-olds can understand. Get your point across quickly by cutting through the fluff and make every word tell. Today we see website links that are not underlined, and designers have started using other colours for links and text to blend in better. Yet links should stand out and cry: "I'm a link, you can click on me. If good content sells a prod uct, ask yourself the following questions. Does your website convey your intended message? Is it compelling? Does your site make your visitors happy, or is it just another old song? The secret to a successful, powerful website lies with astonishing words which can make us laugh, cry or buy. Strive to make your customers buy. Graphics alone do not sell products; carefully crafted words do. Find the appropriate balance between images, as too many images distract just as much as no image does. A common mis take is trying to attract visitors' attention with everything you have, such as unrelated graphics. Graphics should be used only when they are essential to comm unicate something that is not possible with words alone, so avoid using graphics that have absolutely no relation to the surrounding product. Concentrate on improving content rather than getting stuck with the technology behind it. Simplicity is the best approach. A good decision is to have someone glance over your website and pay attention to where they look,m or click first. If it's the Buy now or Special offer link, then you have created a successful page. If they first glance at the flashy graphics, you have probably lost their a ttention. There are thousands upon thousands of websites uploaded daily, and your business must stand out with credibility in order to be noticed. Be creative and easily accessible. Use graphics that reflect your purpose and offerings. This will help you b ecome more desirable and attractive to clients. Trust is still an enormous component of website design; without it consumers simply will not transact or return. Attracting thousands of visitors to your online business isf utile if customers do not open their wallets at some point. To this end, it is important to make those few seconds count when making a first impression. A website's form and content is what will determine if a visitor will remain just a visitor, or turn into your next customer. Untilw e meet again, have fun, enjoy life and stay on top of your game. NB: The columnist welcomes feedback at email@example.com. Ms Bastian is a trained graphic designer who has qualifications of M.Sc., B.Sc., A.Sc. She has trained at institutions such as: Miami Lakes Technical Centre, Success Training College, College of ohe Bahamas, Nova Southeastern University, Learning Tree Inter national, Langevine International and Synergy Bahamas. BUSINESS PAGE 2B, THURSDAY, OCTOBER 20, 2011 THE TRIBUNE CONTENT KEY TO ONLINE SELLING T HE A RTOF G RAPHIX BY DEIDRE M BASTIAN
BUSINESS T HE TRIBUNE THURSDAY, OCTOBER 20, 2011, PAGE 3B By NATARIO McKENZIE Tribune Business Reporter firstname.lastname@example.org THE PRIVATE SECTOR should not look to the Bahamas Electricity Corporation (BEC for lower energy costs any time s oon, Superwashs president said yesterday, adding that consumers needed to take matters into their own hands by identifying ways to reduce consumption. Dionisio DAguilar, who is also on the BEC Board as a director, told Tribune Business yesterday: BEC is in a bit of quandary too, because it generates electricity one way, which is the consumption of fuel to run generators, so therefore theyre very susceptible to spikes in fuel prices. Theres absolutely nothing BEC can do in the short term, and businesses have to stop looki ng at BEC to do something about it. They have to start to take measures into their own hands by reducing consumption. The Superwash president added: Expecting the utility company to change the way it does business in a significant manner is certainly not in the s hort-term. Its up to the individual consumers to do what they need to do to reduce their consumption. I dont expect BEC to get cheaper any time soon, and if some politician jumps and says that under their regime theyre going t o get cheaper, its absolutely a lie. Mr DAguilar said high energy costs continue to be a vexing problem for most businesses. Energy prices continue to hamper a lot of businesses. I think every business is now looking at ways to reduce their energy costs, he added. I think there is a major exercise underway where people are looking at replacing existing equipment with more energy efficient equipment as it relates to refrigeration and air-conditioning. Mr DAguilar said many businesses have had to accept lower profits or losses due to current economic conditions. Its an extremely competitive environment out there, he explained. You have a reduced demand. It doesnt make sense to raise your prices when the demand is down and you have rising energy costs. You can raise your prices, which will probably cause even more loss for your business. You can replace less efficient equipment with more efficient equipment, or you can accept lower profits and, in some cases, losses. I would say most companies are making much less money now. Winston Rolle, Chairman of the Bahamas Chamber of Commerce and Employers Confederation (BCCEC Business that a recent survey of its members revealed that energy costs were one of the major inputs businesses have to contend with. We have conducted a survey of our members, and one of the major costs that members have to contend with is their cost of energy, whether it is lighting, whether its heating or cooling. Its a cost that has to be managed, and persons for the most part dont have a whole lot of control as to what they can a do about it. Mr Rolle said the Chamber is currently compiling the final statistics for that survey. He added: Were going to be holding an energy seminar on November 4-5, and the idea is to start to build more awareness not only about opportunities for us to look at long-term plans for alternative energy, but also to start to give businesses and consumers some things that they can implement now that can have an impact on their energy consumption cost. I totally understand BECs position as it relates to the oil prices because theyre buying in bulk to meet anticipated demand, so a drop in price today probably wont equate to a drop in price to them until they go to purchase their next supply, which is going to be possibly weeks or months out. I anticipate theyre is always going to be some bit of a lag before we start to realise the decrease in price from an oil perspective, and similarly from a gas perspective. Were trying to do what we can to sensitise the business society and the consumer in terms of the need for us to look at alternative energy, and things we can do practically to conserve energy and lower our operating costs and energy consumption costs. BECs chairman, Michael Moss, told Tribune Business earlier this week that in September the corporation paid the highest sum in the last 12 months for fuel supplies. In September the corporation paid a higher price for automotive diesel oil (ADO Bunker C or heavy fuel oil (HFO price paid by BEC was up 47.6 per cent year-over-year, while the ADO price was up 58.1 per cent. All this is likely to mean one thing: Higher electricity costs for Bahamian consumers and businesses. Mr Moss noted that in October last year, for heavy fuel oil, BEC paid a price of $75.94 per barrel, while this year in September it paid $112.06 per barrell. For diesel in October of last year BEC paid $95.70 per barrel, while in September 2011 it paid $151.32 per barrel. CONSUMERS URGED: FOCUS ON OWN ELECTRICITY USAGE B y NATARIO McKENZIE T ribune Business Reporter email@example.com THE SECURITIES Commission has today posted another white paper in a bid to obtain industry feedback on the fees it proposes to levy under the Securities Industry Act (SIA Philip Stubbs, its executive chairman, told Trib une Business yesterday: Like the white paper on physical presence, this is now a rule that has to be in place for the Act to go live on a new fee regime we are proposing. We are doing the white paper to have a 45-day consultation period, so that the industry can review it and gives us feedback b efore we write the final rule. Categories Mr Stubbs further explained: Essentially we looked at the fees that are under the current Securities Industry Act, and we are just mapping those fees forward into the new Act. There are some c hanges because under the new Act licensing and r egistration is a bit different; we have four categories that you are licensed under. Its a little bit different than the approach we use now, so there had to be a change in the way the fees are worked out. What we did was that we benchmarked with other jurisdictions we compete against to ensure t hat, while we increase the fees to have the fundi ng to run the Commission in order to regulate the i ndustry, weve ensured that we have ended up w ith proposed fees that are competitive compared t o some of the other jurisdictions. M r Stubbs said the Commission will put out other white papers with regards to other rules it proposes to introduce in relation to the new legislation. Two weeks ago, the regulator posted a policy paper on physical presence requirements for broker/dealers and securities investment advisors. REGULATOR UNVEILS FEE CONSULTATION D IONISIO DAGUILAR
Business that negotiations with a group of south Florida-based investors for the 108-room hotel and conference centre were close to completion. And this newspaper can reveal that the developers are seeking to construct a facility of four-star standard, rather than the typical two-star airport hotel, targeting the private aviation market and foreign directors of Bahamas-based companies who fly into LPIA for Board and other meetings. The developers, who own The Atlantic Resort & Spain Fort Lauderdale, are looking to construct the hotel on a three-acre site immediately to the south of Windsor Field Road, right between the two entrance and exit roundabouts for LPIA. That information is accurate, Mr Watson told Tribune Business yesterday, a fter being contacted about the proposed LPIA hotel. Yes, there are negotiations. They should be very near a final agreement. Ill be able to answer you more definitively in a couple of days, after November 2. They are planning a 108room hotel and conference centre with meeting rooms. That will be a nice and interesting addition. Subsequent to the interview with Mr Watson, Tribune Business was able to track down one of the principals in the investor group, George Allen, who confirmed that the developers were proceeding with their plans and negotiations with NAD. We want to make this airport hotel more interesting and of a higher quality than a typical airport hotel, Mr Allen said. An airport hotel is usually a two-star. Were going to try and make it, as they say, very damn close to a four-star. The investors were targeting a very strategic threeacre site about 800 feet to the east of the new US departures terminal for the hotel and associated conference, office and meeting room facilities. Its midway between the two entry and exit roundabouts. Just on the other side of the parking lot, Mr Allen explained. The hotel will include an interconnected office complex for aviation and airport related activities and operations. Between the two of them, the hotel and office complex, the investment will be in the vicinity of US$25 million. The number of employees will be between 100-150. Apart from himself, Mr Allen said the investor group also included Michael Hill from the same The Atlantic Hotel, who was managing director of the Bahamian entity incorporated to facilitate the LPIA hotels development. The Bahamian onsite representatives for the project were Sonny Russell and Kent Knowles. Explaining that the developers had been attracted by the capacity and beauty of the redeveloped LPIA terminals, Mr Allen said the proposed hotel was targeting executives who flew into Nassau for meetings and business involving Bahamasbased companies. Its proximity to LPIA, he indicated, would give it a competitive advantage, as these executives would no longer had to travel to downtown Nassau or other offices/resorts for their meetings. The proposed hotel is also well-positioned to take advantage of the population growth in western New Providence, which has resulted in many families and businesses relocating there, away from what is perceived as an overcrowded eastern end of the island. The fact this new terminal has attracted world attention, the fact the Bahamas had the foresight to have US Customs embedded in the airport, we think there will be many guests, conference people coming in for meetings for one-two days and not going into downtown, Mr Allen told Tribune Business. They will want to be in a beautiful attraction, and well have vehicles to get them to the Caves, Bay Street or a beach. Yet even Mr Watson, the Airport Authority chairman himself, acknowledged he was a little sceptical as to whether the proposed LPIA hotel would be able to carve out a market niche for itself, given that the traditional airport hotel model did not apply to the Bahamas. Globally, airport hotels are typically used for lay overs by travelling airline passengers, who rest up for a day before catching a connecting flight. Mr Watson, though, noted that no such market existed at LPIA, as there were no such interconnecting flights, while international visitors in transit to the Family Islands caught those flights the same day. The developers approached NAD, Mr Watson confirmed. They run a number of boutique hotels around America. NAD did not go looking for them. Im a little sceptical. I dont know what the drawing card is going to be for them. We dont have that many interconnecting flights. Thats the issue I have, but they feel confident they can do it. I spoke to one or two of them, but they were gungho and think it can work. Were happy to accommodate them. Its very interesting. Mr Watson said the developers had initially focused on a plot of land near the LPIA police station, before switching their attentions to the current proposed site. BUSINESS PAGE 4B, THURSDAY, OCTOBER 20, 2011 THE TRIBUNE INFINITY HEALTHCARE PHARMACY Blood Pressure checks Cholesterol & Sugar testing Prescriptions Over the counter items NIB drug plan accepted We accept major insurances We accept major credit cards Free WeighIns SPECIAL DISCOUNTS AVAILABLE TO: Senior citizens Children Public ServantsTo better serve youSTORE HOURS: Monday Thursday 8:30am 10pm Friday 8:30am 8pm Saturday 6pm 10pm Sunday 10am 7pm S e rv i c e I s O u r S p e c i a l t yPh: 361-3070 Fax: 361-3067NR36 52wk-Hi52wk-LowSecurit y Previous CloseToday's CloseChangeDaily Vol.EPS $Div $P/EYield 1.190.97AML Foods Limited1.181.180.000.1480.0408.03.39% 1 0.639.05Bahamas Property Fund10.6310.630.00-0.6420.080-16.6 0.75% 7 .504.40Bank of Bahamas6.936.930.000.2300.10030.11.44% 0 .530.17Benchmark0.180.180.00-0.0480.000N/M0.00% 2.842.55Bahamas Waste2.702.700.000.0300.09090.03.33% 1 .961.77Fidelity Bank1.771.770.000.0970.04018.22.26% 11.108.29Cable Bahamas8.468.460.000.2450.32034.53.78% 2.802.33Colina Holdings2.602.600.000.4380.0405.91.54% 8.508.33Commonwealth Brewery8.508.500.000.7400.00011.50.00% 7.006.21Commonwealth Bank (S1 6.556.550.000.4960.32013.24.89% 2.001.63Consolidated Water BDRs1.851.880.030.1110.04516.92.39% 1.771.31Doctor's Hospital1.371.370.000.0740.04018.52.92% 5.504.75Famguard5.435.430.000.4980.24010.94.42% 8.105.35Finco5.355.350.000.7570.0007.10.00% 9.457.75FirstCaribbean Bank8.148.140.000.4940.35016.54.30% 6.005.00Focol (S 5.335.330.000.4350.22012.34.13% 1.001.00Focol Class B Preference1.001.000.000.0000.000N/M0.00% 7.305.58ICD Utilities7.307.300.00-0.1220.240-59.8 3.29% 10.809.80J. S. Johnson9.829.820.000.8800.64011.26.52% 10.0010.00Premier Real Estate10.0010.000.001.2070.2008.32.00% 52wk-Hi52wk-LowSecuritySymbolLast SaleChangeDaily Vol. 99.4699.46Bahamas Note 6.95 (2029BAH2999.460.00 100.00100.00Fidelity Bank Note 17 (Series A) +FBB17100.000.00 100.00100.00Fidelity Bank Note 22 (Series B) +FBB22100.000.00 1 00.00100.00Fidelity Bank Note 13 (Series C) +FBB13100.000.00 100.00100.00Fidelity Bank Note 15 (Series D) +FBB15100.000.00B ISX LISTED & TRADED SECURITIES AS OF:7 % Interest 19 October 2022 Prime + 1.75% Prime + 1.75% 6.95%TUESDAY, 19 OCTOBER 2011B ISX ALL SHARE INDEX: CLOSE 1,367.65 | CHG 0.03 | %CHG 0.00 | YTD -131.86 | YTD % -8.79BISX LISTED DEBT SECURITIES (Bonds trade on a Percentage Pricing basis)Maturity 1 9 October 2017 W W W.BISXBAHAMAS.COM | TELEPHONE: 242-677-BISX (2479) | FACSIMILE: 242-323-2320F INDEX: YEAR END 2008 -12.31%30 May 2013 20 November 2029 7% RoyalFidelityMerchantBank&TrustLtd(Over-The-CounterSecurities) 29 May 2015 52wk-Hi52wk-LowSymbolBid $ A sk $Last PriceDaily Vol.EPS $Div $P/EYield 10.065.01Bahamas SupermarketsN/AN/A14.00-2.9450.000N/M0.00% 0.550.40RND Holdings0.350.400.550.0010.000256.60.00% 41.0029.00ABDAB30.1331.5929.004.5400.0009.030.00% 0.550.40RND Holdings0.650.750.400.0290.00024.130.00% 52wk-Hi52wk-LowFund NameNAVYTD%L ast 12 Months %NAV 3MTH 1.57791.4674CFAL Bond Fund1.5779263.39%5.87%1.548717 3.02482.9020CFAL MSI Preferred Fund3.02482.63%3.94%2.981382 1.61281.5289CFAL Money Market Fund1.61512.61%4.53%1.591803 2.72022.5398Royal Fidelity Bahamas G & I Fund2.5730-5.41%-9.79% 13.849313.2291Royal Fidelity Prime Income Fund13.73472.82%1.94% 114.128999.4177CFAL Global Bond Fund114.09222.35%13.88%114.128861 118.4255101.6693CFAL Global Equity Fund118.42552.30%8.26%116.580785 1.17491.0000FG Financial Preferred Income Fund1.18773.59%4.94% 1.13431.0000FG Financial Growth Fund1.14152.06%4.07% 1.17641.0000FG Financial Diversified Fund1.18903.47%5.04% 9.9952 9.5078Royal Fidelity Bah Int'l Investment Fund Principal Protected TIGRS, Series 19.94330.98%4.58% 11.49859.8690Royal Fidelity Bah Int'l Investment Fund Principal Protected TIGRS, Series 210.96520.78%5.70% 10.68139.7396Royal Fidelity Bah Int'l Investment Fund Principal Protected TIGRS, Series 310.60135.75%13.20% 8.85647.8830Royal Fidelity Int'l Fund Equities Sub Fund8.65073.01%18.38% BISX ALL SHARE INDEX 19 Dec 02 = 1,000.00 YIELD last 12 month dividends divided by closing price 52wk-Hi Highest closing price in last 52 weeks Bid $ Buying price of Colina and Fidelity 52wk-Low Lowest closing price in last 52 weeks Ask $ Selling price of Colina and fidelity Previous Close Previous day's weighted price for daily volume Last Price Last traded over-the-counter price Today's Close Current day's weighted price for daily volume Weekly Vol. Trading volume of the prior week Change Change in closing price from day to day EPS $ A company's reported earnings per share for the last 12 mths Daily Vol. Number of total shares traded today NAV Net Asset Value DIV $ Dividends per share paid in the last 12 months N/M Not Meaningful P/E Closing price divided by the last 12 month earnings FINDEX The Fidelity Bahamas Stock Index. January 1, 1994 = 100 (S) 4-for-1 Stock Split Effective Date 8/8/2007 (S1) 3-for-1 Stock Split Effective Date 7/11/2007NAV Date 31-May-11 30-Sep-11BISX Listed Mutual Funds30-Jun-11 30-Sep-11 NAV 6MTH 1.535365 2.952663 1.580804 111.469744 115.762221TO TRADE CALL: CFAL 242-502-7010 | ROYALFIDELITY 242-356-7764 | FG CAPITAL MARKETS 242-396-4000 | COLONIAL 242-502-752531-Jul-11 30-Jun-11 31-Jul-11 5-Aug-11 30-Jun-11MARKET TERMS30-Sep-11 31-Jul-11 RoyalFidelity Merchant Bank & Trust Ltd (Over-The-Counter Securities) CFAL Securities Ltd. (Over-The-Counter Securities)31-Jul-11 31-Jul-11 31-Jul-11 CONDO FOR SALE St. Albans Drive off West Bay St.Beautiful 3 storey town house, 2 bed, 2 1/2 bath in private gated property, swimming pool, nished to your taste with stainless steel appliances, beautiful ooring.Priced From $225,000.00 Tel: 325-1325 | 422-4489 (':$5'0855$< &2/621RI)UHHSRUW*UDQG%DKDPD3 $ 11(77(&+$5/(6RI 0217*20(5<$1$66$8%$+$0$6 n n t dont want that to take away from my work here in Nassau. There is a big need for striping, so I hope to get a lot of work. We have contracts to do 80 per cent of the work here at Baha Mar in reference to the parking lots. and a bit of the road works at the rerouting stage of Baha Mar. We just recently secured a verbal contract in reference to Phase II of the airport a s it relates to the striping works there. M r Mitchell said that with two employees from the Gove rnments job placement program already on staff, he is looking to add more persons to his payroll. Currently I have seven persons employed, and I am also seeking additional persons from the Governments job placement program. I had applied for five persons, and I have two already, he added. Mr Mitchell said many striping companies have gone out of business due to competition from larger foreign firms. There are not a lot of Bahamian companies that do it, he added. I know of two besides myself, but this particular field was really controlled by a UK company called Road Grip. Road Grip has been in the Bahamas for 10 years. We work on the UK standards and we have a UK expert here to train our employees. A lot of striping companies have gone out of business because of foreign companies coming in and doing the work. They come in the country, make a lot of money but nothing stays in the country. We have no issue with foreign companies coming in if theyre going to transfer skills. Mr Mitchell credited the Self-Starter Program with jumpstarting his business. The Self-Starter program was where I got started. I got a grant and was able to put my team together, and started competing for jobs. The Self-Starter program was a big help to me, he added. Travis Johnson, an employee hired through the Governments job placement program, said: I got a job with Bahamas Striping through the Government placement program, and I feel its a great opportunity to learn a new skill thats rare here in the Bahamas. FROM page one SELF-STARTER TAKES 80% OF BAHA MAR LOTS F ROM page one $25M AIRPORT HOTEL DEAL CLOSE
COLIN E. CALLENDER, QC, managing partner of Callenders & Company, has been chosen as ad irector of the International A cademy of Trial Lawyers ( IATL) at its recent annual meeting in New York. He becomes one of only five attorneys in the world outside the US to hold a curr ent directorship. M r Callender, whose law c areer has spanned five d ecades, called the appointm ent one of the highest h onours of my career and a reflection of the respect with which the legal professionof the Bahamas is held at the global level. He was admitted to the Inner Bar as Queens Counsel in 2010. The IATL, according to i ts own definition, is r eserved for the elite among litigators those a ttorneys and barristers who fight for clients in the courtr oom. Its membership is by invitation only, and is limited to 500 lawyers admitted t o Fellowship after a gruelling screening process that i ncludes reviews by judges and respected academic and practicing legal authoritieso r experts. Voted O nly a few new IATL places open on an annual basis, and new members vot-ed into the litigators inner c ircle tend to make head lines for the firms, but Mr Callender was voted to holdw hat only 10 per cent of the membership ever achieves -a responsibility of helping to steer the academy as it t ackles a wide range of i ssues affecting legal systems worldwide. No other Bahamian has ever beenn amed a director of the Academy. Considered to be one of the Bahamas leading insol-v ency experts, Mr Callender first gained international recognition in 1977 when he was retained to advise the official liquidators in the liquidation of Mercantile Bank & Trust Company. This retainer was followed by his appointment to represent the official liquida-t ors in the Bahamas of IOS, t he group of fund compan ies, started by the late Bernie Cornfield, and which later fell into the hands of the notorious Robert Vesco. In 1982, Mr Callender was r etained to represent the o fficial liquidators of the B ahamas branch of the Banc o Ambrosiano Group of C ompanies, known as the P opes Bank, following the discovery of the bank chairman, the late Roberto Calvi, hanging under Blackfriers Bridge in London. Banco Ambrosiano was found to have close connections to the Instituto per O pere di Religione, the Vati can Bank. Because of its implications for numerous banks worldwide, the scandal rocked the financial world and led to massivem edia coverage. L andmark N earer to home in 1997, M r Callender was retained t o represent the official liqu idators of Gulf Union B ank (Bahamas a n-licensed bank having o ffices in Nassau and Freeport. Several of the decisions rendered in thosel iquidations are regarded as landmark decisions and upheld in the Privy Counsel. M r Callender, the greatgrandson of the firms founder, W.E.S Callender, w as educated at the Taunton School in Somerset, England. He was admitted to the Bar of England and Wales (Middle Templei n July 1962, and admitted t o the Bahamas Bar one m onth later. He also holds membership in the International Bar Association and the Bahamas Bar Association. BUSINESS T HE TRIBUNE THURSDAY, OCTOBER 20, 2011, PAGE 5B 127,&((/$7,1*7$&2168/7$7,9( :+,7($3(5)((6 7KHFRQVXOWDWLRQSHULRGVWDUWV:HGQHVGD\2FWREHUDQGHQGVRQ)ULGD\ 'HFHPEHU 7KHHFUHWDU\RIWKHHFXULWLHV&RPPLVVLRQRIKH%DKDPDV 6HFXULWLHV&RPPLVVLRQRIKH%DKDPDV UG)ORRU&KDUORWWH+RXVHKLUOH\t&KDUORWWHWUHHWV 3 7 (PDLOLQIR#VFEJRYEV :HEVLWHZZZVFEJRY CALLENDER ACHIEVES A BAHAMIAN FIRST
S till, the OTN sounded a warning note, saying: The regions exporters of frozen rock lobster are generally not price competitive. The Bahamas, the dominant exporter, was able to sell t he product at a price which w as 20 per cent more e xpensive than the global average export price in 2009. Belize and Haitis export prices were about 33 per cent more expensive thant he world average price in 2 009. The Bahamas was the second leading exporter, behind Brazil, of crawfish to the US in 2009, a market that consumed 51 per cent of CARICOMs total exports. The Bahamas was Frances main supplier of frozen rock lobster in 2009, capturing almost a third of t he import sales, the OTN b ulletin added. The B ahamas continued to outcompete exporters from Cuba, Spain, Nicaragua, the US and Australia, even though it is not price competitive with these markets. S pain and Nicaragua receive the same trade preferences as the Bahamas does under the Economic Partnership Agreement (EPA their crawfish exports to F rance by 12 per cent and 3 6 per cent per annum b etween 2005-2009. The US, too, even though paying a 12.5 per cent tariff to access the French crawfish market, still managed to expand their sales by 2 per cent per annum over the s ame period. The tariffs on this produ ct seem to work in conjunction with the price competitiveness of the product, as some countries penetrated the market even without any of the trade preferences that may be benefiting e xporters from the B ahamas, the OTN added. T he Bahamas was also l abelled as the top e xporter of frozen rock lobs ter to Belgium in 2009, and based on preliminary data maintained their top market position in 2010. Again aided by its dutyfree preferential market access to Belgium, the B ahamas beat the likes of N icaragua, the United Arab E mirates, Ecuador, France, the Netherlands and Germany. The Bahamas was the most dynamic exporter of frozen rock lobster to Belgium, as between 2005 and 2 009 export volume expanded by 132 per cent p er annum, and export sales by 43 per cent per annum, the OTN said. However, Nicaragua also expanded its export sales between 2005 and 2009, but has not been gaini ng significant import share, a s in 2009 the Bahamas still s upplied almost 60 per cent o f Belgiums imports. W arning that CARICOM c rawfish exporters had to be mindful of the European Unions (EU fication requirements, which need fisheries products to be caught by licensed vessels using legal m eans, the OTN said the B ahamas also dominates e xports of frozen rock lobster to Canada, supplying over one-third of import spending While the Bahamas and CARICOM exporters accounted for 70 per cent o f crawfish imports by Canada in 2009, the OTN w arned: Based on preliminary data for 2010, the Bahamas is expected to lose significant import sales to countries including China and Brazil, which now seem to have the Canadian f rozen rock lobster market i n their cross hairs. A nd it added that the p referential 5 per cent tariff t hat Bahamian crawfish p roducts currently entered Canada under, via the CARIBCAN trade agreement, were due to expire at year-end 2011. Calling on CARICOM c rawfish exporters to divers ify their markets, and targ et the likes of Mexico, Indonesia, Taiwan, the UK, Portugal, Greece and Australia, the OTN said their competitiveness was retarded by high fuel c osts, poaching by Caribbean rivals and possible collusion by retailers and wholesalers in export markets. Noting that proximity to t he US was one competit ive advantage for the r egion, the OTN said: The Bahamas benefits from a Customs clearance programme which may be facilitating trade and ensuring t hat this quality, sensitive p roduct is able to obtain a h igher price based on the f reshness factor. Other CARICOM rock lobster firms that do not benefit from similar Customs clearance proceduresc ould examine partnerships with firms in the Bahamas geared towards exploiting some of the locational a dvantages where feasible. BUSINESS PAGE 6B, THURSDAY, OCTOBER 20, 2011 THE TRIBUNE ,17(51$7,21$/%86,1(66&203$1,(6 $(526(59,&(/,0,7(' Q 9ROXQWDU\OLTXLGDWLRQ RWLFHLVKHUHE\JLYHQWKDWLQDFFRUGDQFHZLWK 6HFWLRQRIWKH,QWHUQDWLRQDO%XVLQHVV & RPSDQLHV$FWRI $ (526(59,&( /,0,7(' LVLQ'LVVROXWLRQ 7KHGDWHRIFRPPHQFHPHQWRIGLVVROXWLRQLVWKH WKGD\RIFWREHU $OOLVRQ/RJDQ 6W+HOLHU /LTXLGDWRU FROM page one BAHAMAS WINNING CRAWFISH EXPORT WAR DESPITE 20% HIGHER PRICING
Conceding that the Bahamas had in the past neglected certain components of its tourism offering, such as gaming, simply because there was little to no competition,Mr Vanderpool-Wallace said it could not afford to ignore any element that might create a tie breaker in favour of a rival jurisdiction. have that massive document in front of me as we speak, Mr Vanderpool-Wallace told Tribune Business, when questioned as to the status of casino gaming regulatory reform. It hasnt been put forward yet, but its quite a lengthy thing because there are so many bits and pieces under consideration. The next step is putting it out to the Government [Cabinet] for consideration. They havent seen it as yet. Emphasising that he had no control whatsoever of when the Ingraham Cabinet might consider the lengthy reform proposals, Mr Vanderpool-Wallace said: There are a whole number of things ahead of that on the agenda. Thats what we are facing in terms of getting some of these items down the pipeline. While declining to detail the reforms under scrutiny, the minister told Tribune Business: A lot of the recommendations are ones that will certainly modernise what it is we are doing, and the key part is doing those things that make us a lot more competitive. Between those two buckets of things is what these proposals address modernising the gaming laws and making us more competitive. Its a whole series of items requested by the industry; some of it we have accepted, and some of it we have modernised. The minister said he expected a favourable reaction to the proposed reforms from the private sector, given that a substantial proportion originated from the industry. We did not invent them ourselves, he added. In a previous interview with Tribune Business, Robert Sands, Baha Mars senior vicepresident of governmental and external affairs, said that among the reforms proposed by the BHA and casino sector were widening the net of those allowed to gamble to permanent residents and junket representatives entertainers on short-term work permits". Other reforms involve the approval process for investment in the casino industry, and movement of table games and slot machines. Mr Vanderpool-Wallace told Tribune Business that in relation to the reform proposals the competitive side of it is more important, given that the world had changed dramatically since the Bahamas original gaming regulatory framework was implemented, with increased competition from a variety of US, Caribbean and global destinations for the same customer. Nowadays, every little piece is very important, Mr Vanderpool-Wallace said of the tourism product. There was a time when we didnt pay attention to some components of our tourism offering because they werent many people doing the same thing. Now, there is no element we can leave neglected. We see all these things as tie breakers. Theres so much competition out there that no element can be allowed to break the tie between you and other destinations. We do not want to miss out on any of these tie breakers, so they all become very important. Telling this newspaper that the Government and private sector had done a great job in drawing up the reforms to date, Mr Vanderpool-Wallace said: I think we will make a significant difference, provided we get the whole suite of proposals put forward. Its not just the stuff in Parliament. Theres a whole host of other things the Government is working on. Weve never worked harder in terms of the things were trying to do. BUSINESS T HE TRIBUNE THURSDAY, OCTOBER 20, 2011, PAGE 19B p er year. Jeremy Feakins, chairman and chief executive of Ocean Thermal Energy Corporation ( OTE), told Tribune Business that the seaw ater district cooling plant it has committed to build and operate for the Cable Beach developer, which will involve an investment in e xcess of $100 million, would reduce the $2.6 billion projects air conditioning (A/C energy costs by up to 90 per cent. A nd apart from saving Baha Mar 8 MW or 3 5,000 MW hours per annum, Mr Feakins said a seawater district cooling plant of the size to be constructed at Cable Beach would save 58,000 barrels of oil and 26,000 tonnes of carbon dioxide emissions per year. With the Bahamas very much becoming O TEs forward operations centre, given its agreement with Baha Mar and the two potential ocean thermal energy plants it would b uild/operate under the MoU with BEC, Mr F eakins said the company was already looking for office space in Nassau. E xplaining that OTE hoped to win addit ional seawater district cooling contracts from other Bahamas-based hotels and businesses, once it explained the energy-saving and envi-r onmental benefits to them, Mr Feakins said the companys Bahamian-based staff comple-ment could grow much larger. We are looking at setting up a permanent operation in the Bahamas, Mr Feakins told Tribune Business. That was a commitment we made to Minister [Earl] Deveaux. We dont want to be an operator that comes into the Bahamas, does the work and clears off. We want to be part of the business community and employ as many local people a s possible. Its certainly going to be more than 20-25 people on permanent staff. How big the Bahamas-based staff became would depend on how many contracts we get. Its looking good. Weve been looking for offices and talking to our lawyers to set upt he International Business Company (IBC Weve already done that. OTEs links to BEC and Baha Mar have a lready caught the attention of the Bahamas H otel Association (BHA based resort properties. The BHA has asked the company and Mr Feakins to come to Nas-s au and give a presentation on seawater district cooling and its possible advantages. I think the interest of the group at that first meeting was to talk about seawater district cooling, Mr Feakins said of the BHA. Theyve reached out to us, and asked us to come along and explain seawater district cooli ng and how it works. Seawater district cooling uses cold seawater p iped in from the sea to provide air condi tioning to buildings, and Mr Feakins said it can either be a by-product of ocean thermale nergy production or a standalone operation, a s it will be for Baha Mar. It does save up to 90 per cent of electricity costs when compared to traditional A/C, he told Tribune Business. Its definitely a huge saving for the country.... For Baha Mar its going to save 8MW of power a year. D istrict cooling, Mr Feakins said, had been around for donkeys years. The large-scale operations constructed to date have not used seawater but, rather, other water sources, such as the lakes employed by Torontos downtown area. OTE, he added, had some 20-30 y ears experience in the field. A s for the Baha Mar contract, Mr Feakins said it would follow the companys build/own/operate model, with OTE providinga ll the project financing itself. The seawater district cooling plant will be operational by 2013, he added, a full year ahead of Baha M ars full opening. Weve got engineers on the ground right now, he added. Theyre [Baha Mar] a delight to work with, and we plan to have the plant up a nd running by 2013. They need it before they open. All the buildings need to be cooled and chilled, as there will be substantial interiord ecorating going on, floors put in. That cant t ake place in the hot Bahamian climate. We have to have A/C up a full year before theyre ready. Apart from the energy savings, Mr Feakins said Baha Mar executives were also keen on seawater district cooling because it was envi r onmentally friendly. For the size of plant were doing now, the reduced energy consumption is 35,000 MWh per annum, or 8 MW a year saved, he added. The reduced energy consumption results in 58,000 barrels of oil saved, which is equal to 26,000 tonnes of carbon dioxide a year savedb y doing a plant equivalent in size to what Baha Mar is doing. A plant the size of Baha Mars would i nvolve an investment in excess of $100 mil lion, Mr Feakins said. FROM page one BEC PARTNER TO CREATE JOBS VIA NASSAU OFFICE FROM page one CASINO REFORMS SET TO GENERATE TIE BREAKERS