Citation
The Tribune

Material Information

Title:
The Tribune
Uniform Title:
Tribune (Nassau, Bahamas)
Portion of title:
Nassau tribune
Place of Publication:
Nassau, Bahamas
Publisher:
Tribune
Publication Date:
Copyright Date:
2008
Frequency:
Daily, except Sunday
daily
normalized irregular
Language:
English
Physical Description:
v. : ill. ; 58 cm.

Subjects

Genre:
newspaper ( sobekcm )
newspaper ( marcgt )
Spatial Coverage:
Bahamas

Notes

General Note:
Description based on: Vol. 79, no. 210 (Aug. 3, 1983); title from caption.

Record Information

Source Institution:
University of Florida
Holding Location:
University of Florida
Rights Management:
This item was contributed to the Digital Library of the Caribbean (dLOC) by the source institution listed in the metadata. This item may or may not be protected by copyright in the country where it was produced. Users of this work have responsibility for determining copyright status prior to reusing, publishing or reproducing this item for purposes other than what is allowed by applicable law, including any applicable international copyright treaty or fair use or fair dealing statutes, which dLOC partners have explicitly supported and endorsed. Any reuse of this item in excess of applicable copyright exceptions may require permission. dLOC would encourage users to contact the source institution directly or dloc@fiu.edu to request more information about copyright status or to provide additional information about the item.
Resource Identifier:
09994850 ( OCLC )

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Full Text




~~ Lhe Iribune

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Volume: 104 No.275













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Gentleman’ s club
owner yeaten

Gay man is ol

‘stabbed to death

»* Fitness instructor is
fifth male homosexual -
murdered in 12 months

A PART: TIME fitness instruc-
tor yesterday became the fifth gay
man to be murdered in New
Providence within a 12-month
period.

Shooting victim:
was let go by
the police force

. THE man who was shot
dead in a hail of bullets on
Friday evening was a former
police officer who was let go
from the force a few years
ago, Asst Supt Walter Evans
said yesterday.
~ Romel Dames was found
shot to death in the driver’s
seat of his green Lexus jeep
at his Garden Hills home
after 5pm on Friday.

A child who was sitting in .
the back seat of the jeep at
the time was miraculously

SEE page 10


















The man was found yesterday
morning stabbed to death in a
white Honda Civic, which was
parked near South Beach Pools.

Members of the gay communi-
ty claimed yesterday that the vic-
tim is former dancer Paul Whylly,
45, of Skyline Drive.

He is the country’s 63rd. homi-
cide for the year so far.

~ President of the Bahamas
Bodybuilding and Fitness Feder-
ation Danny Sumner told The

Pribune that he had knowm Mr:

Whylly for many years and that
he was shocked to hear of his
death.

He described the deceased as a
very “likeable” person.

A source at Mystical Gym said

that Mr Whylly worked for their

establishment on a part-time basis

in addition to liaising with the .

Ministry of Sports, Youth and
Culture.

“He was a good guy, always
spoke his mind,” he said.

Mr Whylly, the source said,

SEE page 10

Let the fun begin.

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THE BAHAMAS NATIONAL TRUST and volunteers came together on

Saturday to clean up Bonefish Pond on Cowpen Road.



DUE to the downturn in
the Bahamian economy and
the resulting expenses that
delegates would have to be
placed under to attend, the
Progressive Liberal Party
announced yesterday that it
will not hold its National Con-
vention this year.

In a press statement, PLP
chairman Glenys Hanna-Mar-











PLP announces it will
not hold convention

tin said the decision to post-
pone the convention was
made in consideration of the
likely economic burden that
would be placed on its dele-
gates nationwide.

“The Progressive Liberal
Party in the meantime is
preparing the way for its re-

SEE page 10

Felipé Major/T ribune staff .

- ister Perry Christie issued [=










: an th

AN OWNER of a recently
opened “upscale, private gentle-
man’s club” was beaten in his
Coral Harbour home last week
and threatened with death if he
did not leave the Bahamas. His
girlfriend was raped and a second
woman in the, home was assaulted,
given her passport and also told
to leave.

. Byal{Ad2.Builin; an-Américan,
who recently re-opened an East
Bay Street.club under the new
name, “Illusions”, was asleep in



with death —

his be deocnt at his Ranfurly Drive,
Coral Harbour home around 2am
Tuesday, October 14, when the
dogs in the house started to bark,
frantically moving from window to
window. Mr Dulin’s girlfriend was
in the bedroom with him. Another.
woman, who lived in the house
with them, was downstairs watch-
ing television.

x © Suddenly two masked mep.one~
‘with a shotgun, the other with a

SEE page nine

PM presents Bahamas Olympic

for a total sum of $90,000.

Leevan Sands, bronze medallist in the triple jump,
will also receive an award of $15,000.

medallists with grant incentives

PRIME Minister Hubert Ingraham congratulated:
and honoured the Bahamian Olympic team over
the weekend and presented the major award medal-
list with grant incentives totalling $115,000.

The silver medallists in the men’s4 x 400 metres
relay team, Michael Mathieu, Andrae Williams,
Avard Moncur, Andretti Bain, Ramon Miller and
Chris Brown will each receive an award of $15,000,



Micaela

. Applauding the men and women who represented the Bahamas dur-

SEE page nine

Scandal prompts Christie
warning for PLP members

By PAUL G
TURNQUEST
Tribune Staff
Reporter
pturnquest@
tribunemedia.net

’ FORMER Prime Min-

a special warning to PLP
members in light of a-

growing scandal regarding one of
his MPs, stating that the integrity
of the party “as an institution” is
greater than any one individual



CVA AGAMA

important that I should
give you the best illus-
tration I can. Pindling
has come - the architect
of the modern Bahamas
- and he has gone to his
eternal reward. Perry
Christie is now, but you
know and I know that
someone will be here
and Christie will be
gone. The PLP is built on foun-
dations that will last longer than
the frailties of anybody who are
members of our party,” he said.

mon oe that that is so SEE page 10
BAHAMAS INTERNATIONAL
FILM FESTIVAL TO HONOUR
LAURENCE FISHBURNE

ESTEEMED actor and Academy
Award nominee Laurence Fishburne
will be honoured with the prestigious
Career Achievement Award at this
year’s Bahamas International Film fes-
tival, taking place from December 4
to December 11 in Nassau.

e SEE PAGE FIVE

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PAGE 2, MONDAY, OCTOBER 20, 2008 2 THE TRIBUNE

Shipyard TB alert: one case confirmed, 14
workers show signs of previous infection

@ BY DENISE MAYCOCK contact” with the infected indi-
Tribune Freeport Reporter vidual at the home or work envi-

dmaycock@tribunemedia.net ronment.
TEU Gaia “All workers at the shipyard

will be screened because obvi-
ously the (infected) individual —
works there and there is a possi- |
bility of prolonged exposure, and
so, therefore, those workers |
would be the ones screened first.
“Tf in the event we found active
TB within any group of the work-

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public there is

FREEPORT - Although med-
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Bahama shipyard workers pre-
sent signs of previous tuberculosis
infection, only one single active

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= Health Minister Dr Hubert



Minnis and a team of health offi-



Hubert Mins

cials from New Providence were

in Grand Bahama on Seturday to-

assess the situation and address

concerns of a possible TB out-

break at the facility.

“One case has been confirmed

and is being treated,” Dr Minnis
told a press conference at Rand
Memorial Hospital.
_ Chief Medical Officer Dahl-
Regis, shipyard CEO Carl-Gustaf
Rotkirch, Mervin Wright, presi-
dent of the Grand Bahama Port
Authority Workers Union and
union vice-president Dave Barr
were also present.

Dr Minnis revealed that the
single TB case involves a foreign
worker. However, he stated that
follow-up TB screenings are being
conducted at the shipyard for all
of the 900-plus workers.

He announced that shipyard
officials have agreed to now allow
foreigners coming to work at the
shipyard to undergo health
screenings conducted by Grand
Bahama Health Services.

“T am happy to announce that —

they have agreed that once work-
ers are coming into the country,
they have agreed to allow us to do
necessary health screening and at
the same time we can detect any

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no evidence of
new TB cases.”

ER ET
individual who may have escaped
the health care system from their
environment,” he said.

There are currently 635 expa-
triates and 270 Bahamians
employed at the shipyard. About
467 workers had been'screened
by health officials on Saturday.

The minister reported that
none of the Bahamians screened
up to that point had been infected
with tuberculosis.

“The Ministry of Health wish-
es to advise the public that to date
there is no evidence of new TB
cases. However, should new cas-
es be identified through the
screening exercise measures will
be taken to treat the individual
immediately,” he said.

The minister noted that there
was a misunderstanding and con-

- fusion concerning 14 workers who

were among the initial screening |
of some 152 workers, who may
have been in contact with the par-
ticular TB case.

He explained that 90 individu-
als in that group weré reférred

’ for additional X-ray screening,

which showed evidence of cavities
in the lungs of the 14 workers.

“The X-rays showed evidence
of TB, but revision of those X-
rays by specialists revealed that
those can possibly be old infec-
tions because there was no pre-
screening before, so they came in
with old infections.

“There is a misunderstanding
that there were 14 additional cas-
es. Yes, those 14 show evidence

but those could have possibly

been old infections we are seeing
on the X-rays,” the minister
pointed out.

Dr Minnis said that TB is not
an illness that can_be contracted
by just being in a room with an
infected person. sent

He stated that persons ‘at risk”
are those in “prolonged constant





ers, then it meant that whole envi-
ronment from that particular
worker has to be screened
because his or her home énviron-
ment would have undergone pro-
longed exposure,” he explained.

Dave Barr, GBPAWU execu-
tive, had informed the media the
union had made several inquiries
about health screenings for expa-
triates. He claims that they were
informed by management that all

ous health screening before they
are employed at the shipyard.
The health minister said the

Bahamas had an excellent immu- |»

‘nisation record compared to some
other countries. . Beno
Dr Minnis stated that individ-
uals travelling to the Bahamas (to
work) ordinarily will travel with a

health certificate from their vari-

ous countries.
“Doctors respect certification



‘foreign workers undergo rigor-

:
j
f.

from wherever they come from !:1

system: And because this one

‘escaped through the system...we ig
just want to ensure that this does -.
‘not happen again.”

He said the screening of expa-

‘occasionally, or do find an indi- »\)
vidual who might escape from the ,;



triates will allow detection of ill- ~~

. nesses among foreign workers. us
“J would like to commend the »=

shipyard for allowing this process.
We are moving in a new direc-
tion in terms of health care for

the Bahamas. This is an excellent

thing that we were allowed to |

do...because the (infected) indi-.
vidual may come from some areas
that have poor immunisation

records and therefore there is a ©

possibility they can introduce an
illness, and therefore we can
detect and deal with it appropri-
ately,” he said.
Dr Minnis said any person who
has had a cough for a long time,
usually more than three weeks
without any other explanation,

should seek medical attention.
- He also advises persons to cover
‘their month and nose when

sneezing or coughing.



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* Pastor Brad & Darlene Smith

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* Pastor Gary Curry
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e Pastor Julian Johnson

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THE TRIBUNE

MONDAY, OCTOBER 20, 2008, PAGE 3





Glenys Hanna-Martin an Turnquest

PLP chairman hits out at |
sovernment over crime _

THE Bahamas government either does not take the issue
of crime seriously, or it does not have a strategy in place.to
address it, PLP chairman Glenys Hanna-Martin said yes-
terday.

Taking issue with recent comments by Minister of Nation-
al Security, Tommy Turnquest, Mrs Hanna-Martin said that
Mr Turnquest has given “no comfort” to the Bahamian peo-
ple who are looking to the government for answers in light of
the escalating murder rate.

“We are seeing today a high, unmitigated and sustained
tate of murder, now numbering 63 people. Many of these inci-
dents have occurred in broad daylight in public places. The:
minister when questioned is reported to have said that he was
‘concerned’ about the number of persons on bail for murder
and that he would be speaking further with the Attorney
. General (Michael Barnett) on this matter.

“The minister’s comments are embarrassing, disappointing
and surprising. Certainly he should have had that conversa-
tion with the attorney general by now, particularly as they are
cabinet colleagues in the same government and sit around the
one table and no doubt should be aware of the increased
bloodshed in this country, many incidents of which are said
to be committed by accused persons awaiting trial released on
bail. — i
“We should remind the Minister of National Security that
_ he is in his second year as minister in this important portfo-
‘lio. We also remind him: that the issue of crime and public
‘safety is a matter of high importance to the Bahamian peo-

ple,” she said. ea
It is with this in mind that Mrs Hanna-Martin encouraged
the various other ministers to “get on the same page” on this
“serious matter” and to give to this “terrible phenomenon the
_ priority, resources and attention it requires, to bring con-
Strole

In brief —

- Aprests as police
‘hold ‘Operation
Solithern Breeze

OFFICERS from the
Southern Division conducted
a special operation entitled
‘Operation Southern
Breeze’ on Friday evening.
The aim was to eradicate
crime in the community.

As a result, seven people
were taken into custody in
connection with possession
of dangerous drugs, five for
outstanding arrest warrants,
and five for traffic infrac-
tions.

Exuma police also con-
ducted a similar exercise,

‘called ‘Operation Night
Life’, on Friday night.

The Exuma officers appre-
hended two persons for out-
standing arrest warrants,
took two people into custody
for possession of dangerous
drugs, and cited five persons
for traffic violations.

A nightclub was ordered to
close for operating without a
valid licence.



e A Chippingham resident ©
yesterday chased down a
man who was in the process
of stealing his vehicle from
the front of his home.

Shortly after 3am, the.own-
er of a white Nissan Sentra:

‘was asleep when a man
broke into his vehicle,
parked outside his house.

The suspect was seen dri-
ving off with it. The owner
was assisted by another per-
son in following the stolen
vehicle, which was found a
short distance away. The cul-

‘prit was seen running from
the area. |

A police patrol unit was
given a description of the cul-
prit, who was found in the
Eden Street area where he
was arrested. The suspect is a
23-year-old Quarry Mission
Road resident. eg

aon

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‘Hanna-Martin calls for :
economy ‘action plan’

m@ By PAUL G TURNQUEST
Tribune Staff Reporter
pturnquest@tribunemedia.net

PLP chairman Glenys Hanna
Martin called on the government
to commission an assessment of
the Bahamian economy on which
an “action plan” can be devel-
oped which will assist in cushion-
ing the Bahamas from the nega-

‘tive effects of the ever-worsen-

ing global environment.

Noting how other countries
have developed “careful and
comprehens've policies” to pro-
tect the interests of its citizens,
Mrs Hanna-Martin said that in
the Bahamas “no such activity”
appears to be happening.

“Apart from two or three .

apparently ad hoc responses to
the creeping crisis, such as the
recent Bahamas Electricity Cor-
poration (BEC) intervention and
increased social service assistance,
there is no evidence this govern-
ment has apprised itself fully as to
the implications and possible
impact of these world events and
the downturn in our economy.
“Tt is unsettling, for example,
that the prime minister, fresh
from his trip to Washington,
would on his return make an
announcement of assistance for
defaulting mortgagors without
apparently up to that time either

himself or through his ministers ~

or agents having one conversa-
tion with the banking industry in
the Bahamas,” she said.

Mrs Hanna-Martin also point-
ed out that hundreds of Bahami-
ans are joining the unemployment
lines because of lay-offs through-
out the country while others who
are fortunate enough to hold their
jobs are forced to work.reduced

_ work weeks.

“With almost.every person in
this country experiencing a level
of apprehension and uncertainty
about the impact these events will
have on their lives the govern-
ment has no: yet communicated"

“to its citizens what our expecta-



“Apart from two
or three apparently
ad hoc responses to
the creeping crisis,
such as the recent.
Bahamas Electricity.
Corporation (BEC)
intervention and
increased social
service assistance,
there is no evidence
this government
has apprised itself
fully astothe
implications and
possible impact of
these world events
and the downturn
in our economy
aa

tions should be over the short,
medium and.long term in the
Bahamas and further what adjust-
ments we should be making in

. anticipation of these projections .

“What is the National Eco-
nomic Plan to ensure we weather
this economic onslaught? I cau-
tion the government, however,

that‘in its responses utilising pub-

lic funds that it ensures. that it
provides a buffer for the most
vulnerable and not subsidise
those who are better-able to
weather these difficult times.

“May I now suggest to the gov-
ernment that.it make an analysis
of what is happening in our econ-
omy within the context of world
events, engage in consultation
with all stakeholders, and develop
an action plan while ensuring that
every step of the way the Bahami-
an public is fully and frankly
informed on all matters affecting
their well-being,” she said,

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PAGE 4, MONDAY, OCTOBER 20, 2008 THE TRIBUNE |

~The Tribune Limited

NULLIUS ADDICTUS JURARE IN VERBA MAGISTRI
Being Bound to Swear to The Dogmas of No Master



EDITORIAL/LETTERS TO THE EDITOR

The Bahamas
Hotel Association’s












LEON E. H. DUPUCH, Publisher/Editor 1903-1914

SIR ETIENNE DUPUCH, Ki 0.B.E., K.M., K.C.S. G.,
(Hwa) LL.D., D.Litt.

a Publisher/Editor 1919-1972





Contributing Editor 1972-1991

EILEEN DUPUCH CARRON, C.M.G., M.S., B.A., LL.B.

Publisher/Editor 1972-

Published Daily Mon:\ay to Saturday

Shirley Street, P.O. Box N-3207, Nassau, Bahamas
Insurance Management Building., P.O. *-485, Freeport, Grand Bahama

TELEPHONES

Switchboard (News, Circulation and Advertising) 322-1986

Advertising Manager - (242) 502-2352.
Circulation Departmen: - (242) 502-2387
Nassau Fax: - (242) 328-2398
Freeport, Grand Bahama: 1-(242)-352-6608
Freeport fax: (242) 352-9348



Capitalism found wanting ,

IN OUR lifetime we have seen the.col-
lapse of two economic theories taken to
extreme — Communism, followed by Capi-
talism. One over regulated, the other under
regulated. ‘

They imploded because they failed to ful-
ly understand the nature of Man.

Each philosophy was design for an ide-
alised Man who existed only in the imagina-
tion of a handful of socio-political theorists. In
the end Man’s true nature broke through
and destroyed both extremes.

Communism was a socio-economic struc- '

ture that promoted an egalitarian, classless —
eventually aiming for a stateless — society
based on the common ownership of proper-
ty and the means of production.

Under it man— the proletariat — was an.

instrument of the state, so beaten down that
he lost all individuality, all initiative, all cre-
ativity. Workers were told they had nothing
to lose but their chains.
The state controlled and provided for them
from the cradle to the grave. They did not
have to think for themselves, they did not
‘have to compete for top positions. It was a sin
if one family achieved through hard work,
more than another — in other words, reward
“for labour was removed. Under this:system
gas he slavishly followed




co Vas.

He was beaten down into a vegetative state.
‘Eventually a rebelling human spirit rose up
and said: “No more!” i
Almost overnight Communist satellite
nations broke their chains, threw off their
yoke and abandoned Communism. In 1991,
the Soviet Union dissolved.



~ Communism had reckoned without man’s ~
human spirit — a spirit that it had tried to

beat into ploughshares. A spirit it had tried to

_ suffocate. zt
The capitalism that it had come to destroy
continued to flourish. Capitalism went on its

giddy way from strength to strength, many.

people becoming obscenely wealthy, others

with lifestyles they couldn’t afford, tempted.

by the plastic card that encouraged spending

beyond their pocketbooks. Wall Street knew
no limits.:

-. Man’s creativity for unrestricted deals grew

so complex that even he did not fully grasp

what was happening until it was too late. A

\- new way of thinking, of risk taking, of clever —

_ monetary creativity was unfolding. It was
smart if you could pull it off. Many of them



en Auto ae
oF Nt an tLe] <)

PRE-OWNE



did. Everyone felt secure as long as retired
Federal Reserve chief Alan Greenspan was in
charge. .

Now with all the finger-pointing and look-
ing for a scapegaat, even he is being blamed
for cutting interest rates to one per cent in

2003, allowing easy money to'continue to

flow.
And, of course, as long as easy money
flowed, irresponsible people continued to

spend, and bankers and brokers got richer. —

Few saw that the day of reckoning was at
hand.

Here was a system reeling out of control
and threatening to bring global capitalism
down with it.

Much against its better judgement the US|

government had to make a decision. As a
commentator remarked — it was the wrong
decision, made.at the right time.

In the end the US Congress was forced to

- pass a revised $700 billion bailout package to

salvage the country’s banks and save the
country’s economy from imploding. .

The unheard of had happened. Free mar-
ket America was forced to partially nation-
alise its banks.

As Stephen Roach, chairman of.Morgan ,| -
Stanley .Asia, said: “Finance has simply
moved too far from its:moorings in the real f»

economy.”

Martin Wolf of the Financial Times
blamed the collapse ona lack of proper rules,
ré sulations or supervision. As he pointed out
se f-regulation is meaningless, conflict of
iv rest.is rife.

Jithout proper regulations, rules of. the
ji. gle take over.

One only has to study nature to see how
order breeds harmony. A river flows calmly,

- banks on either side regulating its flow. But '

should the river swell and overflow those
benks, destruction follows. Life mirrors
nature. Man’s venality cannot be allowed to
continue. unchecked. He needs banks on
e ier side. Veetlet ee

Ve have seen the destruction of Man’s
s; it when over regulated, but we have also
seen his ruthless side — greed, self interest,
risk takers — when under regulated.

The way forward now is to find a workable
path between two discredited extremes. No
one wants government in the banking sys-
tem — or any other system for that matter —
but regulations and supervision there must be,
ay d they must be enforced..

Ss




Endorsement policy

EDITOR, The Tribune.
In 1991 Mr John Deleveaux,

then the Executive Vice Presi-

dent of the BHA, in a letter to
all Hotel Members announced
the "endorsement of Products
and Services" policy of the BHA.
This policy would apply to all
products and services supplied to
the Hotel Industry by individual
firms. This. would include taxis,
tour companies, printers, news-
papers, book publishers, and food
suppliers, just to name a few.

In other words, the BHA
would collect a "fee" from all
companies supplying the hotels
with goods and services. This fee
would be negotiated by the BHA
with individual suppliers, The
"fee" would mean an exclusive
right to do business with the
industry. The fee, I assume, would
depend on a bidding process.
Whoever won the bid would be
given the exclusive right to deal in
the industry. All others would
either close their doors or change

‘their product.

I was a Member of Parliament
then and called it, not a fee, but a
kickback to do business in an
industry that the Bahamian peo-
ple are an integral part of. Ninety-
five per cent of Bahamians either
work for the industry or work for
somebody who’ does. What right
does the BHA have to restrict
Bahamians access to their indus-
try? I said then that this was not
"endorsement", but."extortion".

The BHA wanted a "piece" of |

something they did nothing for.

It reminded me, I told the Par-
liament, of the days of Al
Capone, who collected "protec-
tion" money from local business.
Either you paid the fee or you
did no business. :

The proposal was, dropped,
and we were told that it had been

“somebody's "bad dream" and

would never raise its ugly head
again.
This was in 1991, J-was,:there-

fore, shocked when I was shown a
‘copy of an'e+mail'sent to. Dupuch

Publications on August 26, 2008
by Mr. Peter Webster, General
Manager of the British Colonial



jiaswnssts

letters@tribunemedia.net






Hotel, run by the world famous,
and reputable Hilton Group of
Hotels. The e-mail said in part: "

.... Currently you produce an in-

room book which all major hotels
place in their bedrooms at no cost:
to the hotels. You also produce:a

similar book for Grand Bahama." ~

Mr Peter Webster in his e-mail
went on to say: "... we intend to
produce an exclusive in-room

book that all hotels would place .

in their bedrooms. Whoever pro-

duces the book would pay the |

BHA a percentage of the revenue
they receive. In return, the BHA
will endorse this book. No other
books would be placed in the
bedrooms."

If Dupuch Publications, having

served the Tourist Industry for »

almost 50 years, does not wish to
pay them an "endorsement" fee
then other publishers will be
asked to bid. Mr. Webster gave
them fourteen days in which to
reply. In other words, "pay up or
else". fie

I could not believe what I was
reading. Somebody either had
made a mistake, or Mr. Webster,
arecent import into the Bahamas,
did not know the background of
the endorsement policy. I, there-
fore, wrote, Frank Comito, Exec-
utive Director of the Hotel Asso-
ciation.

- I pointed out that, in my opin-
ion, this was purely extortion and
that.extortion was illegal. I also
reminded him of Al Capone and
the roaring twenties when you
either "paid up' or were put out
of business. :

I further suggested to him that
if the BHA was in need of mon-
ey, it should open a collection
agency, sign up the government,
and collect the millions of dollars

in back taxés-‘owed by the various.»

hotels to the Bahamas Govern-
ment:.A fee for that job, done

“well, would be enormous.

Although I asked Mr. Comito
to respond, he did not have the

courtesy to do so. Instead he has
made a public statement, and sent
his side of the story to all mem-
bers of the BHA and put his side
of the story on the BHA's web
site.

In his statement Mr Comito
says that the BHA only wants a
"small fee” from Dupuch Publi-
cations. What's a "small fee," Mr
Comito? Is it not just to establish

‘a precedent and once set the fee

could be anything, charged to
anybody doing business with
hotels, including tour services,
taxis, etc? Do you really think the
Bahamian people are fools?

‘He also says that the BHA
would use the fee for "scholar-
ships".

How commendable — a carrot
and then a slap. I, and I would
assume Dupuch Publications, |
would like to give more scholar-
ships than we already give.

Should we now go to Mr.
Comito to collect a “fee” to sat-
isfy our own wish to give more

- scholarships? It's pretty easy to

spend other people's money!
J know that Bahamians, toa -
large extent, will let "free 'tings
kill 'em". But show some respect
for our people's intelligence, Mr
Comito and Mr Webster, and
don't push your luck too far.
Please understand, this is not a ©
threat; I am simply ‘telling you
not to underestimate the intelli-
gence of the Bahamian people! :
The BHA, I understand, has

‘said that they will not expand

their policy beyond Dupuch Pub-
lications. I heard a similar story in
1991.
Some say that "endorsement" ©
isnot extortion or a kick back. I,
therefore, went to the Dictionary
for the description of "extortion".
‘Here it is: "In extortion the victim
is threatened to hand over goods
(in this case money) or else dam-
age to their reputation or other
harm against them may occur."
If it looks like a duck, quacks ©

i like a duck, and walks like a duck

ty v9

it must be a what?

PIERRE V.L DUPUCH
Nassau,
Oct. 15, 2008.

I believe young Moss is the ‘man’ for the job |

EDITOR, The Tribune. |;

My family and I have lived in
the St Cecelia Constituency for
all of our lives. In fact, our home-
stead is at Andros Avenue and
Quintine Alley. As a mature man
in my early fifties, I have watched
as politicians from all parties

come and canvass in St Cecelia -
hoping to become the elected rep- ,

resentative for this historical part
of New Providence.
Some come. with numerous

promises about what he or she .

would do for the area once elect-
ed. eae
Others come bearing large cro-

cus sacks of money and other °

goodies. The rest come along with
delusional ideas and not a single
clue as to what we, the residents

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of St. Cecelia, really look forina -

representative. Traditionally, this
constituency has voted with the
Progressive Liberal Party (PLP)

‘since it encompassed what was

the former constituency of St
Barnabas. For the Free National

' :Movement (FNM). to ever win

this seat; that party would have to
send someone who, is able to

~empathise with us and someone

who ‘knows’ what it is to come
from humble beginnings.
. The PLP in the meantime
seems to be waging an.internal
war as to who will be given the
official nod to succeed the cur-
rent representative, the Hon Cyn-
thia ‘Mother’ Pratt who has pub-
licly stated that she will not be
offering for re-election.
Attorney Paul David-Moss has
expressed a desire to take over
from her. For the past year or so,
he has been actively canvassing
the area and has met with many
of the residents and potential vot-
ers.
He seems like he is a nice
young man who has some grand

plans for St Cecelia. His late
father, Paul Moss Sr, was the
founder and operator of several .
foodstore outlets scattered
throughout the so-called Coconut
Grove. Moss Sr was also a long
time supporter of the PLP until
he threw in his lot with the
embryonic FNM.

Ido believe that young Moss is
the “man” for the job. Some have —
opined that Senator Pauline Zon-
icle is the “favourite” of the hier-

_ archy of the PLP, but the party

would be well advised not to
waste it’s electoral chances by
sending a person in who has no
connections with St Cecelia. Moss
is “our man” and if the party
wants our continued support, it
must send us Moss or nothing.

Fellow residents who wish to
join me in The Small Business
Association in drafting attorney.
Paul Moss may contact me at my
residence.

GODFREY COLLIE
Nassau, : i
October 10, 2008.



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THE TRIBUNE

MONDAY, OCTOBER 20, 2008, PAGE 5



Laurence Fishburne to receive career achievement award

Bahamas International Film Festival to honour Academy Award nominee

THE Bahamas International
Film Festival (BIFF) announced
that esteemed actor and Acad-
emy Award nominee Laurence
Fishburne will be honoured
with the prestigious Career
Achievement Award at this
year’s festival, taking place from
December 4 to December 11 in
Nassau.

The announcment was made
by BIFF founder and executive
director Leslie Vanderpool.

Mr Fishburne will be on hand
for the special tribute and pre-
sentation on Sunday, Decem-
ber 7. Academy Award winner
Sir Sean Connery will again be-
lending his full support at BIFF,
attending as festival patron and
presenting Laurence Fishburne
with the Career Achievement:
Award. :

Sponsored by Lombard Odi-
er Darier Hentsch Private Bank
and Trust and Chopard, the
Career Achievement tribute

‘honours an actor or actress
‘whose work has-had a major

impact and has advanced the
frontiers of cinematic artistry
around the world.

Past recipients include Acad-
emy Award winner Nicolas
Cage and Daryl Hannah.

Ms Vanderpool said: “We are
excited and honoured to wel-
come Laurence Fishburne to
the Bahamas and pay tribute to
his remarkable career with our
special Career Achievement
Award. Mr Fishburne is one-of
the great actors of our time and:
is nothing less than an icon in
our community and throughout
the Caribbean.”

Entering in its fifth year, the
Bahamas International Film
Festival has established itself as
a marque international festival |
in the Caribbean region, dis-
covering and promoting inde-
pendent voices and talent from

» around the world and showcas-
, ing a diverse array of interna-

tional films.
An actor, writer, producer

- and director, Mr Fishburne has
& been acclaimed for his work on

stage, screen, and television.
He earned the Tony, Drama
Desk, Outer Critics Circle, and
Theater World awards for his
performance in the Broadway

production of August Wilson’s -

“Two Trains Running.”

Subsequently, Mr Fishburne ”

was honoured with an Emmy
Award for his performance in

Rosetta St.

BEAU ccn CoM a Sa) LUT aate



the “The Box” episode of the
New York City-shot anthology
series Tribeca.

He has now joined the cast
of the television series “CSI”

and will debut his role by 2009.

Mr Fishburne received an
Academy Award nomination
for Best Actor for his portrayal
of Ike Turner in “What’s Love
Got To Do With It,” directed
by Brian Gibson.

Among his other notable
screen credits are Clint, East-

- wood’s multi-award-winning
“Mystic River,” for which he.

shared in the ensemble’s Screen
Actors Guild Award nomina-
tion for Outstanding Perfor-
mance by a. Cast in a Motion
Picture; Larry and Andy
Wachowkski’s blockbuster tril-
ogy of “The Matrix”, “The
Matrix Reloaded,” and “The
Matrix Revolutions”; Bill
Duke’s “Hoodlum,” which Mr
Fishburne also executive-pro-
duced, and “Deep Cover,” Oliy-
er Parker’s “Othello”, for which

_ he was the first African-Amer-

ican actor to play the title char-
acter in'a major film version;
Ame Glimcher’s “Just Cause,”
John Singleton’s “Higher
Learning,” for which he won an
NAACP Image Award for Best

Actor, and Boyz N The Hood;”

Steven Zillman’s “Searching for
Bobby Fisher”; Martin Sheen’s
“Cadence”; Abel Ferrara’s
“King of New York”; Francis
Ford Coppola’s “The Cotton

Club” and “Rumble Fish”, as __

well’as the classic “Apocalypse

Now”; and Joe Manduke’s.....

“Conbread, Earl and Me,”



“Mr Fishburne -.-

is one of the
great actors of
our time and is

turés for HBO. Michael Apt-
ed’s “Always Outnumbered,”
which Mr Fishburne also exec-
utive-produced from the first
screenplay by celebrated author
Walter Mosley; Robert
Markowitz’ “The Tuskegee Air-

men”, for which Mr Fishburne
won an NAACP Image Award
and was nominated for Emmy
and Golden Globe Awards; and
Joseph Sargent’s “Miss Ever’s
Boys.”

The latter telefilm earned

multiple honours. Among them
were five Emmy Awards, and
the coveted President’s Award
— which honours a programme
that illuminates a social or edu-
cational issue. For his perfor-
mance in “Miss Evers’ Boys”,
Mr Fishburne won an NCAAP
Image Award and was nomi-
nated for an Emmy Award.

’ York’s Circle Rep Theatre.

ater and was accepted into the: |

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PAGE 6, MONDAY, OCTOBER 20, 2008

LOCAL NEWS

Betty Taylor
Journalist / Entrepreneur

“If you dont have
eve now
‘don’t worry --

Time will bring it for
you.”

lm By LLOYD ALLEN
Tribune Staff Reporter

to the existing mental health
facilities and education across
the board is being made by local
psychiatrist Dr Nelson Clarke.

Dr Clarke said that although
World Mental Health day was
celebrated internationally on
October 10, there had been no
public acknowledgment of the
epidemic of mental illnesses
affecting many Bahamian men
and women.

He explained that while
women have a natural ability to
open up and discuss their prob-
lems, men are much more
reserved and less willing to talk
about their feelings, and thus
the issue of mental health

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LOCAL PSYCHIATRIST NELSON CLARKE SENDS OUT PLEA

‘We need a new approach to mental
health facilities and education’



“Depression
drives them

(young men) to and behave differently.”
¢ He said this can come in the
alcoholism, form of the media assisting to
sometimes sensitise men on depression,
¢ s which is seen by most as a taboo .
physical illness, subject:
sometimes Added to this, Dr Clarke said
ae anti-depression education could
intimacy also be applied within the pub-

dysfunction, and

THE TRIBUNE




about providing more facilities,
but we also have to think about
how we can effectively influ-
ence the behaviour of men so

' that they see things differently

lic and private school systems



where children could garner
positive practices to better
equip them in maintaining men-
tal stability.

Dr David Allen, renowned
psychiatrist, recently claimed a
significant number of young
men involved in violent acts
represented a larger group who
‘were dealing with depression.

“(Depression) drives them to
alcoholism, sometimes physical
illness, sometimes intimacy dys-
function; and also with some of
them attempting to hurt them-
selves and others.”

As Dr Allen explained, all
humans have three essential
needs which include: safety,
connection and empowerment.

also with some of
them attempting
to hurt themselves

and others.”



Dr David Allen ES /

ESE
within society. “I think there is
a need for us not just to think

awareness as it relates to men
continues to be overlooked

hurt in one of those areas.”

Dr Allen said those who had
been hurt in the safety area
experience abandonment issues;
those hurt in the connection
area suffer from the fear of
rejection, and those who had
been hurt in the empowerment
area may suffer from humilia-
tion troubles.

He said this is essentially
shame, which can and has led
numerous men to criminal
lifestyles which in their minds
re-establish their masculinity
and worth.

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THETRIBUNE hs

More than 36,000 extra acres of
land set aside for food production




MORE than 36,000 additional
acres of prime arable government

land have been allocated for food:

production, Agriculture and
Marine Resources Minister
Lawrence Cartwright has
revealed. ;

The land is located in Andros,
Abaco aud Grand Bahama, he
told those celebrating World
Food Day last week. :

“The Bahamas has made
strides over the years and contin-

- ues today to combat soaring food
prices,” said Mr Cartwright.

World Food Vay celebrations
also honoured youngest farmer
Hernrado Colebrooke (North
Andros), youngest fisher Edward
Brown (New Providence), and
youngest agro-processor Brittany
McPhee (Grand Bahama).

“J pledge my support, that of
my ministry and indeed the gov-
ernment, to assist you to continue
the marvellous work you are

’ doing,” Mr Cartwright told them.
“The future of food security in
the Bahamas looks very bright.”

He said a “more focused atten-
tion” is being paid to the min-
istry’s agricultural land lease pro-
gramme. “We want to strengthen

the policy to guarantee that recip- _

ients and lessees put these
acreages under cultivation and
production in a considerably
shorter time period,” said Mr
Cartwright. :

The challenges of reducing high
prices and securing food are being
met through the provision of con-
tinuing education and training for
farmers, fishers and agri-business
entrepreneurs, he said.

Through a partnership between
the ministry and the University
of Florida, farmers, educators and
staff of the ministry were intro-
duced to ways of creating suc-
cessful and profitable businesses
growing plants and using green-
house technology. ~

~ In a joint venture between

Bahamas Agricultural and Indus- .

trial Corporation and the College
of the Bahamas, a course on busi-
ness empowerment, designed to
encourage and facilitate business




WORLD Food Day honorees are pictured with officials during cer-

"Derek Smith/BIS Photo

emonies on Wednesday. From left, seated, are Henrado Cole- »
brooke (North Andros), BAIC board member:Sonny Russell, Brit-
tany McPhee (Grand Bahama), Agriculture and Marine Resources

* Minister Lawrence Cartwright, BAIC executive chairman Edison

Key, Mrs Katie Key, BAIC general manager Benjamin Rahming,
(back row) North Andros High School agriculture teacher Rai Bud-
hu, director of marine resources Michael Brennen, director of agri-

- culture Simeon Pinder, under-secretary Philip Miller, under-secre-

tary Rena Glinton, BAIC assistant general manager Arnold Dorsett,
FAO liaison for the Bahamas Gregory Bethel, BAIC deputy general





BAIC executive chairman. Edison Key

manager Don Major and permanent secretary Creswell Sturrup.

(right), Mrs Katie-Key, and




Derek Smith/BIS Photo

BAIC board member Sonny Russell (left) congratulate youngest
agro-processor award winner Brittany McPhee of Grand Bahama.

development, is being held.

The partnering between the
Freedom Foundation and COB
by way of a $10 million donation
is going towards the creation of

the college’s Small Island Sus- :

tainability Programme, he said.
Under the Agricultural Manu-

facturers Act, interest-free loans

are available for farmers for the

_ purchase of supplies and’ duty

exemption on a wide range of

_ products. The Family Island

Encouragement Development

Act, he said, encourages the
establishment of economic zones
in designated Family Islands by
granting certain exemptions and
fiscal-incentives. The Tariff Act
allows for customs duties to be
exempted on raw materials,
equipment and supplies for agri-
culture, floriculture, horticulture,

_ fisheries, forestry, cottage and

light industries. Agro-industrial
parks are being established in
Eleuthera and North Andros, Mr
Cartwright said.

Ginn supports West End clinic health walk.

















Photo courtesy of VIP Services Ltd

WEST END; Grand Bahama— _

The West End Community Clin-
ic held its sixth annual Health and
Wellness Walk and Ginn sur Mer

was proud to make a donation in_

support of the clinic’s efforts. »

_ Along with the donation, Ginn
employees actively participated
in the community health walk.
Accordins to clinic officials, there
were over 50 early registrants for
the event. fi

“Our aim is to sensitise the

community to healthy practices

and preventative care,” said
Yvonne’ Clarke, nursing officer
Il, Public. Hospitals Authority,
Grand Bahama Health Services..
“This is part of a continuous
effort which started five years ago
with the objective to bridge the

gap between the West End Clin- ©

ic and thé community.”
In September, Ginn sur Mer
spearheaded a clean-up and
painting of the West End Clinic
facilities. An ambulance was also
previous!y presented to the clinic
by Ginn. anit?

a He
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DENISE MCPHEE (left), execu-
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West End Community Clinic’s.
sixth annual Health and Well-

~ ness Walk. Accepting is
Yvonne Clarke (right), nursing
officer II, Public Hospitals
Authority, Grand Bahama
Health Services.

*Available to all well qualified government and public service employees. Call for details.

You can survive breast cancer. Early detection through regular breast self-exams and a regular program of
mammogram and physical exams are crucial steps that every woman should employ. :

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Breast Cancer Group Supporter

The Tribune observes Breast Cancer Awareness Month 2008

makes a donation towards the -

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LOCAL NEWS

Developments at Freeport Container Port
and Sea Air Business Centre to be discussed

FREEPORT Container Port
(FCP) and the Sea Air Business
Centre (SABC), provide an
opportunity for local and inter-
national businesses importing and
‘exporting merchandise and prod-
ucts to and from the Bahamas to
source goods worldwide directly,
taking advantage of market access
with the Mediterranean Shipping
Co (MSC).

Raymond L Jones, chief oper-
ating officer, Freeport Contain-
er Port, Freeport Harbour Com-
pany, Grand Bahama Airport
Company and the Sea Air Busi-

‘ness Centre, along with Scott

Miller, business development
manager of Hutchison Ports
Bahamas, will inform businesses
and members of the Bahamas
Chamber of Commerce about
developments taking place at the
Freeport Container Port (FCP)

and the Sea Air Business Centre.

(SABC) during a joint luncheon

with key executives on Wednes-

day. at the British Colonial Hilton.

Freeport Container Port offi-
cials also plan to inform busi-
nesses of how they can take
advantage of the many transship-
ment services provided by the

" facility. They.say the meeting is

timely, considering the economic
downturn in global markets.
Officially opened in 1997,
Freeport Container Port is pri-
vately-owned and operated by
Hutchison Port Holdings (HPH),
the world’s leading port investor,
developer and operator, with

interests in 47 ports in 24 coun-

tries.
HPH also owns and operates

in a joint venture with Port Group

Ltd, the Freeport Harbour Com-
pany, the Grand Bahama Airport
Company and the Sea Air Busi-
ness Centre.

Miller said: “We wish to see a
greater involvement on the part










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of Bahamian-based businesses as °

it relates to them taking advan-
tage of the many opportunities

that exist in The Bahamas. Busi-_

nesses and manufacturing com-

panies who operate in The -
Bahamas can take advantage of |

the opportunities that can be
realised using the Freeport Con-
tainer Port and Sea Air Business
Centre along with Freeport’s Free
Zone (FZ) status. Mediterranean
Shipping Company is the world’s
second largest shipping company
and they, in conjunction with our-
selves, provide synergistic oppor-
tunities that must be explored.”

Miller explained that presently.

a number of businesses encounter

tremendous challenges importing

and exporting their goods and
products to and from The
Bahamas. For instance he noted
that companies importing goods
from China to The Bahamas ship

their merchandise from China to ©

New York, and from New York
down to Miami, and from Miami
into Nassau.

Miller also confirmed that FCP
ensures that doing business is has-
sle-free for businesspersons as
MSC, the main shipping line ser-
vicing Freeport Container Port,



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has direct routes from China.
“Businesses can ship their prod-
ucts directly from China to Grand
Bahama where the products
could in turn be stored. There is a
740-acre park that we have called
the Sea Air Business Centre. It
is vacant land at the moment; but
it is available for construction or
warehouses for storage, break-
bulk or performing value added
procéssing before shipping to
Nassau, the Caribbean and
beyond...”

Dionisio D’ Aguilar, president
of the Bahamas Chamber of



THE TRIBUNE

Commerce, expressed concern
that many businesses based in |
New Providence are unaware of
services offered by the Freeport
Container Port and the.customers
of MSC as it relates to the impor-
tation and exportation of goods to
and from The Bahamas.

D’ Aguilar said the chamber is
delighted to have the chief oper-
ating officer and business devel-
opment manager of Freeport
Container Port visit Nassau and
meet with members to explain
the many services provided by
the container port, as well as to
inform businesses how they can
take advantage of these services.

“J think it is important for busi-
nesspersons in New Providence, .

. particularly since this is where

most of the economic activity
occurs in The Bahamas, to be

- aware of how they can utilise the

resources offered by this great
company located in our nation’s
second city, Freeport. :

“J encourage everybody to
come out and learn about it, edu-
cate and inform themselves.and
hopefully lower their costs on
transshipment of items to and
from The Bahamas,” the chamber
chief concluded.

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a me ‘ her bedroom, made her kneel .
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i
|

THE TRIBUNE




FROM page one .

pistol, kicked in the bolted front
door and burst into the town
house. They forced the woman
downstairs to go upstairs with
them.

They entered Mr Dulin’s bed-
room, pointed the shot gun at him,
ordered everyone to be quiet and
told them that they had come for
all the money in the house.

Mr Dulin gave them his wallet.
It seemed they expected more and
told him this could not be all the
money. They threatened him for
more. They searched the women’s
rooms for money.

They hit Mr Dulin several times
on the side of his head with the

* shotgun, demanding money and

jewellery and repeating that there
had to be more somewhere in the
house.

Gentleman’s club
owner beaten and |
threatened with death |

They then duct taped the two
women, tying their hands behind
their backs, crossing their legs at
the ankles and duct taping the legs
together. They then duct taped
their mouths.

They duct taped Mr Dulin’s
arms in front of him,‘and duct
taped his mouth.

They turned him on his stom-

‘ach and as one of the robbers held

him down, the other searched the
house. :
The second man returned to
the bedroom and ordered Mr
Dulin to open the safe to give them
the rest of the money and the jew-

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ellery.

Mr Dulin, still taped, was taken
downstairs, the safe was opened
and cleaned out of more than
$100,000 worth of jewellery and
coins — personal jewellery, an
antique gold watch, estimated to be
worth $35,000, a man’s antique dia-
mond ring, loose diamonds, emer-

“alds and pearl necklaces, US and

South African gold coins. It is
understood that Mr Dulin’s family
had a company in South Africa
which traded in small ‘diamonds.
They also stole his US passport, a
couple of lap tops, several cell
phones, one iPod and a pair of high

* powered binoculars.

_ He was ordered down on the
floor while they emptied the safe.
_ “This is a warning from our
boss,” one of them shouted at him.

_ “You don’t belong here white boy,

if you don’t get out of our f--- coun-
try we'll kill you. Why'd you close

the club? You've [---up our boss’ —

business.”
They did not say who the “boss”
was to whom they referred.

Mr Dulin was taken back
upstairs where his legs were taped
together and his girlfriend was
raped. They started to rape the
second woman, but for some rea-
son changed their minds. To
remind her that they had guns,
they rubbed the guns on her body.
Mr Dulin was again warned. He
was reminded that they could have

killed him, and would do so if he’

them again tried to rape her. Sud-

" denly he stopped, told her she was .

lucky, said he would not do that
to her, returned her passport and
told her to leave the Bahamas. He
then kissed her on the back of her
head. ;

Club “Illusions”, which opened
on September, 18 as “an upscale,
private gentleman’s club”, has had
a long and chequered history,
opening and closing under several
new owners and managers. Locat-
ed on East Bay Street, opposite
the Poop Deck, it was first known
as the Pink Pearl when it was a
restaurant. The restaurant closed
and was-later opened as a “strip

club” by a Russian group under

the name of Butterfly. During that
period a couple of the club’s
women dancers were arrested and

-deported: Again it was closed:and

reopened under the name Man-
hattan, followed by Bentley.
It was reopened as Illusions on

‘September 18, then closed several

times as the partners organised the
operation. A few days ago it is
understood that the business was
closed temporarily for'a discussion
between the partners. :

It is also understood that Mr
Dulin’s family company is one of
the three minority shareholders

| with Carlos and Craig Wells. Hold-

ing the majority shares are Dion
Smith, Wayne Munroe and two
other partners.

. Someone who learned of the
incident said they would be sur-
prised if investors would continue
to look at the Bahamas as a safe

‘business investment if incidents

like this, which seemed to be hap-
pening more frequently, were
allowed to continue.

MONDAY, OCTOBER 20, 2008, PAGE 9 —




eye VEN AS



FROM page one

ing the 29th Olympic Games in Beijing, China, Mr
Ingraham noted that for the third consecutive time,
the Bahamas had returned from an Olympics with
two medals.

“This year we tied with Trinidad and Tobago,
Colombia and Morocco — all countries with popu-
lations of more than a million people. We won more
medals than Chile, South Africa and Singapore — all
countries with far greater resources and considerably
larger populations than our own. You are magnifi-
cent,” he said.

The prime minister said that long ago he recog-
nised that it would be a serious miscalculation to
underestimate the will of Bahamians to achieve
what some might consider to be “the unachievable”.

There is ample proof of this, he said, in the

Bahamian athletes who continue to repeat the .

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PAGE 10, MONDAY, OCTOBER 20, 2008



- FROM page one

unharmed.

Witnesses at the scene said a neigh-
bour rescued the child from the jeep
after a hail of gunfire struck Mr Dames
in the head and upper body.

Sources said Mr Dames, who worked
in forensics, was under investigation
after drugs went missing from police
custody. He was said to be suspended
on half-pay, but Mr Evans said the vic-
lim was, in fact, no longer in the force.

a light-coloured vehicle with dark tints
were staking out Mr Dames’ property
from a construction site across the
street.

When Mr Dames stepped out of the
car the men reportedly began shooting.

A witness said Mr Dames’ wife
looked on as police did their investiga-
tion and that when they removed his
body from the Lexus she collapsed.

Mr Evans could not confirm the drug
claims yesterday. He said that, while
he was aware of the incident where
drugs went missing from police custody,
he did not know the identity of the cul-
prit.

Mr Evans said he did not know the
official reason for Mr Dames’ dismissal
from the police force.

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_ THE TRIBUNE

always encouraged others to better themselves and showed them how
a person like himself could come from nothing and still achieve his

goals.

Sources close to the investigation claim that just one day before his

death, the victim was seen in the presence of a man-who earlier this year
was questioned in connection with the high-profile murder of Harl Tay-

lor. i

f

The discovery of the body was made by a passer-by who was walk-
ing down a track-road near South Beach Pools at around 7am yester-

day.

Police were alerted and officers arriving on the scene found the
body of a man with “multiple stab wounds about the body,” Asst

Supt Walter Evans said.

Emergency medical personnel pronounced the victim dead at the

scene.

The body was found in the driver’s seat, leaning into the passenger
side of a white right-hand driven 1995 Honda Civic with the registra-

tion number 96708.

Initial investigations indicate that the victim may have been in that
position for more than six hours before his body was discovered.
_ The victim was dressed in a yellow floral shirt and blue jeans.

Mr Whylly, a bachelor who reportedly lived by himself, was said to

have been slim built.
He was reportedly a dedicated
Shirley. Street, Nassau.

member of Zion Baptist Church in

Mr Evans said yesterday that, while police believe they know the vic-
tim’s identity, they have not yet found anyone to positively identify him.

Crime scene technicians worke

dat the murder scene all day yes-

terday as the body was taken to the morgue for an autopsy.
Mr Evans said it is still too early in the investigation to name a sus-

pect or a motive for the killing.

However, well-placed sources fear this latest death is the continua-

~ tion of a series of gay murders that

began almost a year ago when hand-

bag designer Harl Taylor and College of the Bahamas lecturer Dr

Thaddeus McDonald were brutall

y slain in November, 2007.

Mr Whylly was believed to associate with a man who-was a guest at
Dr McDonald’s birthday party shortly before the lecturer’s murder.

Some sources believe that a fight that broke out at that birthday par-
ty led to the deaths of Mr Taylor and Dr McDonald.

Following those two murders, two
Wellington Adderley and Jamaican

other gay men, HIV/AIDS activist
Marvin Wilson, were also brutal- .

ly killed within a few a months of each other. . vi

FROM page one

Mr Christie was addressing a
special breakfast held in honour
of over 150 stalwart councillors
at the Lynden Pindling Centre on
Farrington Road when he made
this pointed address. _

While not naming the MP in
question, Mr Christie did repeat-

edly mention that, as leader, he .

can only rely on the assurances
of his colleagues that they would
not compromise thémselves while
in government andout. ~
“During my time as leader of
the Cabinet I dealt with every
issue of every minister and all
‘persons who served with me. The

- record as to how I dealt with it,

whether-to the satisfaction or not

of people, is clear. But at all times
ensuring that I was seen to act in”
-. pursuance of the best-interest of

this party. This party came out of

government, and all of us as col- »

leagues resolved to: be the best
we can in the fulfilment of duties
and responsibilities as leaders to

‘the people we represent in our

constituencies and to the people.

‘ we represent in the Bahamas.

“As leader I can expect no less

' from those who have been elect-

ed. They are colleagues who have

given me continually the full’

assurance of their commitment
to all the principles of good gov-
ernance. And as I stand here
today, nothing has changed in



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Tel: 394-0323/5
OR 394-1377








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Christie warning

that regard. And when something
does change, you can expect me
to come before you. All col-
leagues who serve with me have
given me all of the assurances, all
of the commitments by word and
by deed as to the fulfilment of

_ the responsibilities and the duties

that they had and that they are

- to carry out whether in govern-

ment or out of government,” he

. said.

Ever since The Tribune broke |
the story of the MP being quizzed —
by police in connection with a
multi-million dollar construction ..
scam during his administration,
many in the PLP have started to
point the finger as to who in the
party will speak out either in
defence or condemnation of the
MPR ere c
However, since the initial pub-
lication, only the PLP MP for Fox
Hill Fred Mitchell has publicly
announced that he is not the MP

. being quizzed by police.

. Mr Mitchell also noted, how-
ever, that he felt that the police
investigation was merely a “smear
campaign” orchestrated by the’
FNM to attack the party, and dis- .
tract the country from the “loom-
ing” economic recession.

“J think the PLP ought *> stand |

“up and say enough of.this. One

has the civic duty, of course, if
there is a legitimate investigation
going on to co-operate with the
authorities, but certainly you
don’t expect if there is co-opera-
tion with authorities there is going
to be this type of trial by innuen-
do or smearing,” he said.

The sitting PLP MP is expected
to be questioned for at least a
week as investigators are said to
want to quiz him on an estimated

“20 matters”, including alleged

embezzlement of funds from the
National-Emergency Manage-
ment Agency, where construction
materials were paid for, but nev-
er arrived at their designated
location.

This first matter reportedly
involves a $5 million contract
awarded to a well-known PLP
supporter in the construction field
who has also been questioned by
police in connection with this
matter. . /

- A second matter involves
another multi-million dollar con-
tract awarded to another well-.
known PLP heavy equipment
operator, This time, the alleged
scam involved a contract awarded
to clear two government sub-divi-
sions valued at over $7 million.

Not only was the contract -
already inflated, the developer in
question is alleged to have turned
around and sold the fill from the .
land back to government at $1
million per sub-division. More
than $9 million was amassed in
this single contract, which did not
go out to bid.

PLP on convention
FROM page one

emergence as the next govern-
ment of the Commonwealth of
the Bahamas and our work in
this regard is undeterred. We
are committed to the principles
and ideals which fuelled this
organisation in 1953 when it was
formed in resistance to oppres-
sion and to procure equity for
our people.

“We will continue our work
in advocating for the dignity of
our people in the face of inef-
fective, visionless, offensive.
policies which do no justice to
our proud heritage as a peo-
ple,” she said.





THE TRIBUNE

S a seller in the cur-

j rent real estate cli-
mate (or any market, for that
matter), you know that your
home’s features must stand
out against those of the com-
petition.

First you need to under-
stand what buyers are look-
ing for, and then you must
decide how much money and
elbow grease to invest to
make those wishes come true.

Excellent 5,000 sq. ft.
commercial property
located within the
high traffic area of
Palmdale. There is a
1,539 sq. ft. building
located on the
property, great for
office use or.as an
investment
opportunity.

Listing #4771

Leen
ESTATE

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You can show off your
flooring with updated light fix-
tures.

Don’t hesitate call
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ERA.

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for any additional
information or inquires.

Under-cabinet lighting is
easily installed, and a gor-
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brighten things up.

A coat of fresh paint and
some new hardware are very
reasonable ways to go if you
want your old cabinets to
impress new homeowners, and
chipped appliances can be re-
enamelled to their original lus-
tre.

You’d be well-advised to
hire a professional for this
kind of refinishing.

For more budget-wise sug-
gestions, ask a BREA real
estate agent to do a “walk
through” of your home before
the first potential buyers come
through that front door!

MONDAY, OCTOBER 20, 2008, PAGE 11

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PAGE 12, MONDAY, OCTOBER 20, 2008







@ BY DENISE MAYCOCK
Tribune Freeport Reporter
dmaycock@tribunemedia.net

FREEPORT - Marco City MP Zhivargo Laing
presented five scholarships to Bahamian students
studying at colleges abroad and in the Bahamas.

Mr Laing made the presentations on Thurs-
day at his constituency office in the Sunrise Shop-
ping Centre. He said the Sir Cecil Wallace Whit-
field scholarships are worth $1,000 each.

said.

















| (Boutique

ATTENTION
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We sell pre-owned, AS NEW, Ladies
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SALE STARTS

“T continue to be very grateful to the people of
Marco City who have given me the opportunity to
represent them in the House of Assembly.

“And I continue to want to do as much as I can
to give back to this community when I can,” he

This year’s recipients were Samaiya Black, a
two-year student at the College Of the Bahamas;
Trenika Rolle, a student at Virginia Common-
wealth University; Raven Stubbs, a second-year
student at Florida College of Natural Health;

Grand Bahama Port Authority should





H & HOME



MONDAY OCTOBER 20th - SATURDAY OCTOBER 25th

Located: Harbour Bay Shopping Center
Ph: 393-4440 or 393-4448

Laing presents scholarships to Bahamian students h

arships.

Tameka Walkin and Rodney Wilson, first-year
students at Valencia Community College..

Mr Laing said this is the second year they are
providing scholarships in the name of Sir Cecil
Wallace Whitfield, former MP for Marco City.

Last year, eight students were awarded schol-

“One of the ways I found to give back is in
promoting education in this constituency because
I believe the best way to invest in the long term
future prospects of this community, island and




ere and abroad

country, is by doing so in the education of our
children. We have essentially provided scholar-

’ ships to everyone who applied this year. I am
delighted to be able to do it again and I wish the -
students the very best in the furthering of their
education,” said Mr.Laing.

THE TRIBUNE





Olive Wilson thanked Mr Laing on behalf of

the parents. ist

“We are most grateful for the scholarships,
especially in these hardship times, and it will go a
very long way in tuition fees,” she said.

be scrapped, says Nassau lawyer

Paul Moss also expresses concern over state of economy

@ BY DENISE MAYCOCK
Tribune Freeport Reporter
dmaycock@tribunemedia.net

FREEPORT - The Grand Bahama Port
Authority has served its usefulness and
should be abolished, said Nassau lawyer
Paul Moss.

Mr Moss believes the government should
move to put the Port to “sleep” once the
ongoing legal feud between the two princi-
pal shareholders ends.

“It seems to me that the shareholders
and owners, and operators of the Port
Authority have been too distracted by their
own selfishness and not focusing on the
licensees and on the betterment of the peo-

_ple in Freeport, and that is what the gov-

ernment needs to look at and change,” he
said on Thursday in Freeport.

The attorney held a press conference to
express concern over the state of the Grand
Bahama economy. )

He said that high unemployment, low
tourist arrivals, as well as the ongoing legal
dilemma at the Port are major contributing
factors to the island’s economic woes.

The GBPA has the responsibility of
engaging and promoting the city of,

_ Freeport, Mr Moss said. ;

a

“T believe Freeport is clearly an island
that has all of the tools and infrastructure to .
be successful, but someone has to pay atten-
tion to it,” he said. ;

Two co-chairmen were recently appoint-
ed at the Grand Bahama Port Authority
to oversee the operation.

Since the appointment of businessmen
Felix Stubbs and Erik Christiansen, the
Ross University medical school project was
approved and construction of the new COB
campus in Freeport has started.

\2s >The: Hayward and.St'George families are

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the Port Authority. :

The matter has been dragging on in the
courts for over two years.

The PLP lawyer said the FNM govern-
ment can do nothing right now about cur-
rent legal situations at the Port.

“There is nothing that the government
can do if it,wants to exist as a government
that respects the rule of law.

“It is clear the matters are before the
courts and that we recognise that the PA is
not good for the island of Grand Bahama.

“T believe, in my view, that the Port has
served its usefulness.

“It is outdated and it ought to be abol-
ished,” he said. ;

“Whenever. this matter is finished, the
government ought to look at it and speak to
the owners and see how amicably they can



“I believe, in my
view, that the Port
has served its
usefulness. It is
outdated and it
ought to be
abolished.” ©



Paul Moss

ments and it has corrupted many govern-
ments and many people,” claimed Mr Moss. |
Mr Moss believes that the Freeport econo-
my and Bahamians in Grand Bahama will
not benefit from the European Partnership
Agreement, signed on Wednesday.

“It is certainly not going to improve the
economy here, you are only going to see
that more Europeans can come in and take
advantage of what Grand Bahama has to
offer, and Grand Bahamians on the ground
still don’t feel the effects of it.

.“T think the EPA is a bad deal all around,
particularly for the Bahamas, when we have

‘yet to develop our industries and we are

allowing persons now to come and exploit

~ us

“We know we are not ready, we cannot

-compete,” he said.

reach a resolution to really put the Rertige: » Via a5 spidsBahanyjan Jamies are
wl ait AN. strug n hi iz

sleep.”

g Jo not have accéss to capital .

“It (the Port) is a corrupter of gover Maspersons iy Btrépe do.’

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THE TRIBUNE



eq

On behalf of the Board of Directors, | am pleased to be able to report for the 9 months ended
September 30, 2008 that Commonwealth Bank's net income was $38.0 million, an increase of
7.6% over the same period of 2007 ($35.4 million).

The third quarter started with the Bahamian economy starting to reflect the global: impact of
increases in energy costs and the US Sub Prime crisis of the previous 6 months and ended
with a historic financial collapse in world markets. While your Bank has no exposure in the
US markets that caused the collapse, the resulting impact on the US economy will continue
to challenge our tourism industry and economic activity in the Bahamas. Despite these tough
times the Bank surpassed the third quarter results of the prior year when the economy was a
lot stronger.

Our principles of safety and soundness underlie our prudent management of the Bank, thus our

conservative policy of consumer loans write offs and aggressive provisioning policies, results in
a strong Balance Sheet. The strength reflected not only in loan loss provisions of over. 150% of

MONDAY, OCTOBER 20, 2008, PAGE 13

COMMONWEALTH

BAN K CHAIRMAN’S REPORT ON UNAUDITED RES ,

ULTS SEPTEMBER 30, 2008

Total Assets at September 30th, 2008 were in excess of $1.25 billion, with a strong cash and -

liquid assets composition of $218 million up $26.5 million from December 2007. Capital ratios
remain well in excess of regulatory requirements with total equity exceeding $212 million up. over
$11 million since December 2007.

As we look toward: the end of the year we are optimistic about our 2008 performance.

Our thanks are always due to our dedicated and loyal.employees whose noble efforts allow us
to serve our customers as they deserve.

th bh se’

T.B. ae



Chairman
impaired loans, but the total impaired loans at 1.4% of the loan Portfolio is well below the industry : :
average.

COMMONWEALTH BANK LIMITED

‘CONSOLIDATED STATEMENT OF CHANGES 1 IN SHAREHOLDERS’ Bova
Excpesed In B$ ‘000s) (Unaudited)

COMMONWEALTH BANK LIMITED

ConsoOLIDATED BALANCE SHEET
(Expressed in B$ ‘000s) (Unaudited)

9 months ending

: rE December _9 months ending
September 30, 2008 , 31, 2007 September 30, 2008 September 30, 2007
Assets ee . PREFERENCE SHARES : :
Cash and deposits with banks $ .22,041 -$ 20,934 Balance at beginning and end of period ‘$84,983. $84,983
Balances with Central Bank : 73,404 72,609
Government Stock, Investments and Treasury Bills 122,705 98,050 Common SHARES atc
Loans Receivable (net) 1,035,766 954,943 Balance at beginning of period 1,968 1,964
Premises and equipment 33,747 30,912 (Purchase)/Issuance of common shares - ‘ (4). RES OS Oe Me
Other assets i 1,459: 1,726, Balance at end of period 4 964 EMA GOD.
ToTat : $ - 1,289,122 $ 1,179,174
seas SHare Premium we e
Liasitities AND SHAREHOLDERS’ Equity Balance at beginning of period - 27,643 ' 26,429
Liabilities: (Purchase)/Issuance of common shares (1,998) ' 642
- Deposits $ 1,029,176 $ 935,730 Employee stock options SO DN2 AS aaa ee sO
Life assurance fund 18,179 16,184 Balance at end of period 225,917 "27,071
Other liabilities . 29,589 26,364
Total liabilities 1,076,944 978,278 . GENERAL RESERVE
TO. Balance at beginning and end of period 10,500: - 40,000
Shareholder’s Equity: MA GET Es DN ti
Share capital - 86,947 86,951 RETAINED EARNINGS
Share premium 25,917 27,643 Balance at beginning of period 75,802. 50,496
General Reserve 10,500 10,500 Net income 38,076 ° 35,379
Retained earnings : 88,814 30.2 '75,802 Common share dividends (20,602) (15,732)
Total shareholders’ equity — BAN 212 178 — 200,896 Preference share dividends (4,462). (4,462)
TOTAL <3. ae $ 1,289,122 - $. 1,179,174 Balance at end of period 88, 814 65,681 |
: SHAREHOLDERS’ Equity AT END OF PERIOD $ 212.178 EG 189,700
COMMONWEALTH BANK LIMITED aoe a
CoNSOLIDATED STATEMENT OF INCOME COMMONWEALTH BANK LIMITED
(Expressed in B$ ‘000s) (Unaudited) CONSOLIDATED STATEMENT OF. CasH Flows
' (Expressed in B$ ‘000s) (Unaudited) d ; AACS S
3 months ending . 3 months ending 9 months ending 9 months ending

September 30,2008 September 30, 2007 ‘September 30, 2008 September 30, 2007

INCOME: oi : Cash Flows FROM OPERATING ACTIVITIES: eas a
Interest income SEAS ag 38,512 $ 33,724 Interest Receipts $ 100,952: $ 87,895
Interest expense — _. (12,776) (10,217) Interest Payments (37,262) ~ (29,651)

Net interest income a AO 26836 | 23,507 Life assurance premiums. received 7,793 - 7,819

Loan loss provision Ves zeboye fos (2,209) _—_ Life assurance claims and expenses paid (2,934 ) (2,623)

oy aa) 22.886 21,298 Fees and commissions received 8,231 7,228
Life assurance, net _ 4,521 14,605." 4s ecavelies 3 e008 ree
Fees and other income 2.408 2 162 Cash payments to employees and suppliers SET, 982) s ee (0, 1133)
: 26,81 25,155 oO 204 aaa
_—a————— Increase in loans receivable _. (89,928 ) (118, 082)
Ras : Increase in deposits _ 93,446. 91,361
Des Sildapecal ics 42,311 11,321 _Net cash from operating activities BS .722 21,240
Depreciation and amortization 878 614 Cash FLows FROM INvEestiNG ACTIVITIES:
Directors’ fees 39 Purchase of Government Stock, Investments sa
Oe ! 132460 1,974 and Treasury Bills (113,470) ° (49,007)
Net INCOME 13,569 13,181 Interest receipts and repayment of
; - : Government Stock and Treasury Bills 93,389 33,649
Preference Share Dividends » (1,487) (1,487) Purchases of premises and equipment (4,945): (3,194)
ae NE Net cash used in investing activities _(25,026) (18,552)
Net Income AvaiLaste to Common Svarenoioers = §$ 12,082 $ 11,694 in :
Re agweie, Waker kre Casu Fiows FRom Financine Activities:

Average NuMBER OF Common Swares 98,204 98,271 Dividends paid (25,064) (20,194)

(Thousands) . Weipa beer (Payment)/Proceeds from purchase/issue
Earnincs Per Snare (3 months) ened $ 0:12 $ 0.12 of common shares | (2,002 ) 643

Mort a “~~. Share based payments poppe he ae es 0

ee he Net cash used in financing activities 26,794). 19,551
i CRA eter tT, Tere POP Oe NDS ea ae Net INCREASE IN CASH EQuivALENTS 1,902 (16,863)
COMMONWEALTH BANK LIMITED Casu Eaquivacents, BEGINNING OF PERIOD __ 93,543 _ 92,295
ConsouipaATep STATEMENT OF Income Cash Eaquivacents, Enp oF Periop ‘$ 95,445 $ 75,432

(Expressed in B$ ‘000s) (Unaudited)

| COMMONWEALTH BANK LIMITED
| NOTES TO UNAUDITED INTERIM CONSOLIDATED FINANCIAL STATEMENTS
| NINE MONTHS ENDED SEPTEMBER, 30, 2008

9 months ending 9 months ending
September 30, 2008 September 30, 2007
INCOME:
















, (EXPRESSED IN B$ ‘000S) (UNAUDITED) {
Interest income $110,932 $ 96,266 = accounrTING POLICIES .
_Interest expense 37,262 29,651 These consolidated interim’ condensed financial statements have been prepared in accordance with
Net interest income - 73,670 66.615 | International Accounting Standards 34 Interim Financial Reporting. The accounting policies used in the —
Li \ Say : ‘ 4 preparation of the interim financial statements are consistent with those used in the annual financial
oan loss provision (9,105 ) (6,900) _ Statement for the year ended December 31, 2007.
64,565 99,715 | Th lidated fi Ist It lude th ts of C Ith Bank Limited (“the Bank”) and
‘ e consolidated financial statements include the accounts of Commonwea ank Limi e Bank") and |
Life assurance: net ; 4,288 4,060 its wholly owned subsidiary companies. The subsidiaries are Laurentide Insurance and Mortgage Company |
Fees and other income 5,934 Limited, C.B. Securities Ltd. and C.B. Holding Co. Ltd.
75,660" ___. 69,709 a aysiness SEGMENT
; ; fei For management purposes, the Bank including its subsidiaries is organized into two major operating units-
Non-InTEREST EXPENSES: Bank and Real Estate. The following table shows financial information by business segment:
General and administrative 35,334 32,362
Depreciation and amortization 2,110 1,846
Directors’ fees Beets AAO oo. | heat nae aaa io7
arse 34800 | Peeeceermemen EP a ee Pe la
Net INcomE 38,076 35,379 |
Preference Share Dividends (4,462 ) (4,462) | peenkegment | ee fe Sint 8S 38,462. |
: $



DIVIDENDS

33,614 $ 5
The Directors have approved interim quarterly dividends in the amount of 5 cents per common share (2007: f
&

Net Income AvaiLABLe TO Common SHarevotpers © $ 30,917
AvERAGE NumBer of Common SHARES
(Thousands)

Earnincs Per SHare (9 months)

98,204 98,271

$ 0.34

4 cents) and an extraordinary dividend of 6 cents per share. The total dividends paid as of the interim date is
21 cents per share for common shares (2007: 16 cents). The dividends are declared on a quarterly calendar
0.31 basis. The interim financial statements only reflect the dividends accrued for the interim period.
COMPARATIVE FIGURES -DIVIDENDS AND EARNINGS PER SHARE

On October 17, 2007, the shareholders approved a three-for-one split effective November 9, 2007. |
Comparative per share data for 2007 has been restated to recognize the effect of the stock split.





PAGE 14, MONDAY, OCTOBER 20, 2008

LOCALNEWS.

THE TRIBUNE



IN THIS image released by Twentieth Century Fox and Walden
Media, Saoirse Ronan, left, and Harry Treadaway are shown ina
"scene from ‘City of Ember.’

Twentieth Century Fox and Walden Media/AP

Accounts Clerk

NEEDED

A well established Company seeks an Accounts Clerk
with the ability to, but not limited to the following.
duties:













e Maintain Payables System
e Maintenance of Inventory Spreadsheets

e Prepare for and. complete month end inventory
counts

Preparation of bank and other balance sheets
Reconciliations and various general ledger
accounts to sub ledger

¢ Prepare Schedules to assist in External Audits »
Assist in other duties falling within the
Accounts department where necessary













Candidates must possess the following skills:




° Associates Degree in Accounting
© Experience in Reconciliations

¢ Experience in Accounts Payables would be

an asset

Excellent organizational and problem solving
skills”

Proficient in Microsoft Office Products
particularly Excel.

Must be a team player and possess people skills

















All Applications must be submitted by October 31st
2008. .





: a to:

-DA68551
c/o The Tribune





~ MOVIE REVIEW -
By JASON DONALD

CITY OF EMBER
Starring: Bill Murray,
Tim Robbins, Mary Kay
Place, Martin Landau,
Toby Jones, Saoirse Ronan,
Harry Treadaway

THE SCRAMBLE to
adapt children’s book series
for the big screen following
the phenomenal success of the

. Harry Potter franchise hasn’t
been particularly worthwhile.

Some big budget movies
have suffered from being the
obvious first act of a trilogy
or collection, then mediocre
‘box office returns mean those
stories are left forever incom-
plete - the cinematic equiva-
lent of a derelict unfinished
building.

City of Ember, however,
despite. being part of a nifty
series of novels for younger
readers, pretty much works as
a stand-alone story - aided by
an absolute corker of a
premise!

Apocalypse

The film starts in the near
future. An impending apoca-
lypse has prompted the build-

ing of an underground city
(Ember) - big enough for sev-
eral hundred inhabitants. The
city can sustain itself for
around 200 years - enough
time for the Earth to recover
from whatever catastrophe
has affected the surface.

But as generations pass, the
information on how to get out

sell-by-date. The generator

of the place gets lost, until |

eventually Ember is past its 4) ough to stan d proudly on

City of Ember : ,
burns bright on
the big screen

running low, and the inhabi-:
tants - terrified by the idea of
a life in darkness - have no
idea they are IVa under-
ground.

Two enterprising young-
sters, Lina (Ronan) and Doon’
(Treadaway), think they may -
have found something impor-
tant that will lead everyone
out of there, but the current
mayor, played with sinister
charm by Bill Murray, has his ~
own agenda and stands in
their way.

As children’s films go, City -
of Ember is a welcome return
to the intelligent, hand-crafted
movies that seemed to die out
with. the introduction of CGI.

Here we have a story that
doesn’t patronise. younger
viewers and has enough depth
to keep adults engaged.

There are some narrative.
lulls for sure, but the incredi-
ble production design should
be enough to keep everyone’s _
eyes on the screen. Director
Gil Kenan, who helmed
another recent quality release,
Monster House, has created a
living, breathing underground

‘city with stunning detail -

Ember really does feel suffo-

cating with its crowded streets.’

and recycled clutter. This is.

clearly a director with visual.

flair - I can’t wait'to see what”

he does next.
Kenan also has a great cast

at his disposal, and all of them «:

- especially the.two young

leads - leap into their roles:

enthusiastically.
It’s probably too early to tell

if there will be a sequel in the i

works (there are four books. |.

in the series), but City of

Ember jis self-contained |











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P.O. Box N-3207
Nassau, The Bahamas





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2004 | Santa Fe

2000: EN OeontE

1998 Elantra
2001 ~ Cherokee
2003 - . Caravan
2003. .-° .-° Pregio
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2005 i Epica
2007 i Durango
2007 © ~~ Camry

2001 Baleno

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2006 — _ Explorer
2002 Ignis

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refuse any or all bids. Vehicles may be viewed at:

_ EAST STREET SOUTH
2 -Nassau, Bahamas
TELEPHONE 356-2109

ifers/Pnquires Contact:
242) 502-6130/502-6132
assaul, Baleamas



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Jeep

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———— ee

Credit Suisse, Nassau Branch |

ds presently considering applications for a.

FACILITIES MANAGER

The position is open to candidates with the following minimum requirements:

Qualifications: —
Minimum of 10 years well rounded facilities or property management experience in an

offshore banking environment

Strong management and leadership skills

Well versed in Bahamian building codes

In- -depth knowledge of contingency planning and project management °

PC Literacy (MS Word, Access, Excel)

Proven track record

i

Serve as the general liaison between the local staff and other Corporate Real Estate & Services
Managers based in New York e.g. Security, Project Management, Engineering as well as the
local Country Management Team

Manage all maintenance contracts, monitor performance and process payments

Facilitaté building maintenance repairs and other minor renovations/reconfiguration projects,
organize and monitor general cleaning of bank’s premises.

Assist Project Management team and business units with space issues, including moves,
changes and minor construction activity; notify staff of local conditions and minor changes that
may affect employees in all occupied space

Arrange all special facilities services e.g. cleaning and overtime HVAC fequests; lida to
Jocal property manager for any and all building related issues

Interface with and coordinate repairs and other issues with property manager; provide local
support for the New York based engineering management team for all engineering related
issues; act as liaison between the land] ord and the engineering department for all landlord
related engineering issues

Manage local resources and vendors in the execution of maintenance contracts, repair work
and project related activities and communicate results or abnormal conditions

Provide on site support during emergency conditions including the communication of

- information regarding cause and remediation of the situation

Perform daily inspections of critical areas and observations of engineering equipment
Coordinate all health and safety issues

Personal Qualities:

- Excellent organizational, interpersonal and communication skills
- A commitment to service excellence
- Ability to work under pressure and with minimum supervision

Benefits provided include:
- . Competitive salary
~ Pension Plan
- Health and Life Insurance

APPLICATIONS MUST BE IN WRITING. .

Persons not meeting the minimum requirements need not apply.

Applications should be submitted to:
Human Resources Department
P.O. Box N-4928
Nassau, Bahamas

DEADLINE: OCTOBER 24, 2008





THE TRIBUNE



STUDENTS at the College
of the Bahamas School of
Nursing and Allied Health
Professions now have the ben-

efit of a simulated laboratory
at the Grosvenor Close cam-
pus thanks to a generous gift
from Rotary International.

The gift of more than
$100,000 in equipment was
made possible by a partner-
ship between Rotary clubs in
the Bahamas and South Flori-
da. It comprises two fully func-
tioning mannequins connected
to computers and several CPR
training mannequins.

The two high-fidelity man-
nequins contain imitation
organs and react realistically
to stimuli giving immediate
feedback for students.

Their breathing, heart rate,
blood pressure and other vital
functions are displayed on a

computer screen. And they »

even have an IV training arm.

Rotarians Barry Rassin and
David Lakin in Nassau, and
Steve Robinson from Orlan-
do, approached Laura
Knowles, former chair of the
School of Nursing, asking to

chool of Nursing receives gift
from Rotary International —

help in an area of greatest
need. Their combined efforts
_led to the single largest gift
that the Rotary International
Foundation World Commu-
nity Service Project has ever
presented in the Bahamas.
Mr Rassin, who is also pres-
ident and CEO of Doctors

'» Hospital said, "We have great

training and great nurses in
the Bahamas, but we want to
make them even better, and
we are looking forward to
working on more projects.”
Orlando Rotarian Mr
Robinson noted that the
Bahamas was a close neigh-
bour, and said "we're very
proud to have participated in
this project. We know this

partnership is going to extend

for many years.”

COB executive vice-presi-
dent for academic affairs
Rhonda Chipman-Johnson
said the simulation equipment
would enhance the delivery of
healthcare education in the
Bahamas. |

"We are not always able to
work on live patients but with
the simulators we will be able










to deal with a variety of actu-
al health situations.

“This is a big step in
strengthening our healthcare
services,” she said.

MONDAY, OCTOBER 20, 2008, PAGE 15:



STEVE Robinson, an:
Orlando Rotarian, and i.
Sarah Eisenbacher,
education specialist at
Laerdal Medical Cor-
poration that pro-

duces the man-

‘nequins during the

nursing simulator
demonstration.



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PAGE 16, MONDAY, OCTOBER 20, 2006



THE BAHAMIAN CONTRAC-
TORS’ ASSOCIATION (BCA),
in conjunction with The Min-
istry of Public Works and
Transport and Bahamas Tech-
nical Vocational Institute, will
host a seminar series for level






one contractors.at BCPOU 2
Hall, Farrington Road, from &
October 23 to November 12. © an
Public Works and Transport | co
Minister Neko-C. Grant _s
announced the seminar series 13
at a press briefing on Thurs- iz
day. He is pictured at the 12
microphone along with Ces
Stephen Wrinkle, BCA presi- B
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Raising standards of —
Bahamian contractors

Seminar series organised by BCA with Public Works
Ministry, Bahamas Technical and Vocational Institute



“The Ministry of
Public Works and
Transport cannot
overemphasise the

importance of
having a highly
skilled workforce in
the construction
industry...”

Neko Grant







herein is subject to change
e U.S. Some Windows Vista

pable.mspx. Windows Vista °

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THE TRIBUNE

@ By Kathryn Campbell
Bahamas Information
Services

BAHAMIAN conuwactors
will benefit from an upcom-
ing seminar series organised
by the Bahamian Contrac-
tors’ Association (BCA) in
conjunction with the Min-
istry of Public Works and
Transport and Bahamas
Technical and Vocational
Institute (BT VI).

- The four-part level one
contractors seminar is
designed to provide small
contractors with an opportu-
nity to acquire knowledge

and skills that will improve

the quality of service they ©
offer to the public.

A press conference to
launch the seminar series, to
be sponsored by Albany
Development Company, was
held at the Ministry of Public
Works and Transport on
Thursday. =

The seminar will be held
at BCPOU Hall, Farrington.
Road, from October 13 from ©:
7-9pm. kee

Public Works and Trans- -



‘port Minister Neko Grant

said: “The Ministry of Public ©’
Works and Transport cannot ~
overemphasise the impor- ss
tance ofhavingahighly- =.
skilled workforce inthe con-
struction industry that
employs so many individuals
and is fundamental to the
growth and development of
Our country... hte

- Minister Grant encour-

the construction industry at



embrace the opportunity, —
which will contribute to their
educational and practical



s&s
We

development. :

BCA president Stephen -

‘Wrinkle said this is an initia- &

tive that is bringing together
government, the private sec-.
tor and the Bahamian con-.

_ tractors industry.

“By bringing these three

forces together to put all of
_ our efforts and resources.
into promoting this seminar

series, we are confident that

- the level of contracting in
‘The Bahamas will be raised.

= “We need to get the st n-
dard across to all Bahamian
contractors throughout the
archipelago so that when
consumers build their
homes, they have the assur-
ance that the contractor has
participated in a managerial
and administrative skills
seminar series that will
enable him to properly man- |
age their project,” Wrinkle
explained. : ;

Among topics to be
addressed are contract’

negotiations, estimating, pro-

ject management and con-

tract close-out:
Speakers include Pat Rah- :

ming, architect; Paul Wor-"

rell, quantity surveyor; John ~

Michael Clarke, project 9

manager and Amos Fergu- ~~

son, architect. Certificates

will be awarded at the com-

pletion of the seminars.

The Tribune wants to hear
from people who are
making news in their
neighbourhoods. Perhaps
you are raising funds for a
good cause, campaigning
for improvements in the
area or have won an
award. ,

If so, call us on 322-1986
and share your story.




















By NEIL HARTNELL
Tribune Busine Euit

OCTOBER 2°0.;;

MONDAY,

oa ECT sol B ¢ busines | : SS |
Bahamas ‘extremely $100m plant proposal offers
0 a recession |

_ ‘Looking rather hard? for Bahamas |
to achieve IMF’s predicted one per
cent growth rate for 2008 :

ames Smith

Caribbean. ‘oversupply’
to impact tourism plans

@ By NEIL HARTNELL
_ Tribuné Business Editor

AN oversupply of Caribbean:

hotel roois and lack of Family

Island infrastructure may negate

the minister of tourism’s plans
to revitalise the Bahamian
industry in the short-term, a for-

mer finance minister has.

warned.

James Smith, minister of state.
. for finance, said Vincent Van-
derpool-Wallace’ s strategy to
- effectively market the Bahamas

as a region of islands in its own
right, with each one having its
own brand identity and specific
visitor experiences, seemed to
presume these islands had “the
same infrastructure as

Antigua’.
Mr Smith pointed out that



Family Island infrastructure also
an obstacle, says ex-minister

“many islands are not open for
night flying”, and that they
lacked the necessary Customs
and Immigration facilities and

staff to clear mass tourist.

arrivals. As a result, visitors to
the remoter Family. Islands

would still need to transit -

through Nassau or Freeport.
With the Thanksgiving and
Christmas/New Year holiday
periods likely to provide a key
indicator of how the Bahamian
tourism and hotel industries
were set to fare during the peak
winter season, Mr Smith sug-
gested that the Ministry of

‘Tourism would “immediately '
‘go to Plan B ‘to stimulate

increased demand” if they
turned out to be flat.
“This is happening at a time

in tourism when, even scarier -

to me, is the overbuild of hotels
across the Caribbean,” Mr

Smith told Tribune Business.

“Over 80,000 hotel rooms were
built in the last two years, in
places like the.Dominican
Republic, Puerto Rico and
Jamaica.”

Such an oversupply had not
only increased competition for
the Bahamas from the visitor
choice perspective, but had act-
ed to potentially depress room
rates across the region.

Mr Smith told Tribune Busi-
ness had had met a friend at the
supermarket who. had just
returned from the Dominican
Republic. The friend had told
him that to stimulate demand
during fallow times, hotel oper-

SEE page 7B





_ bune ee “Tn terms of'a
_ recession in the Bahamas, you -



‘However, while this may
lead to “no teal growth” in

to prevent any severe,
depletion. Mr Smith explained

that during economic down-
turns, while foreign currency
inflows might be less, outflows _

were also reduced due to the
fact that import demand from

__ businesses and consumers was
_ substantially reduced.

hink we're in fora a rough

have a perfect storm.”
With the US not generating

rnment’ Ss

fianees were also “under -

attack” due to the un-Budget-

ed social assistance pro-
- grammes it was now embark-'

ing. Fewer imports would also
translate into reduced goyern-
ment. revenues.

“The



try anc eeeeapE ne:

SEE) page 7B

FAST
EASY

vels, by the same.»
token the Bahamian economy
f-correcting mecha-







the necessary tourist arrivals’






s@tribunemedia.net

Confidence For Life



dual energy/waste solutions

@ By NEIL HARTNELL |
Tribune Business Editor

Canada- based
‘waste energy |
provider is propos-
ing to construct a
six-acre New Providence plant
that will convert some 400
tonnes of garbage per day into
21 ‘megawatts (MW) of electri-
‘cal power, an amount equiya-

lent to 5 per cent of BECs cur-. i

rent electrical needs.
Plasco Energy Group, which

submitted the “at least” $100:

million proposal as its response
to the Bahamas Electricity Cor-

. poration’s (BEC) renewable '

“energy request for proposal
_ (RFP) tender, told Tribune
Business that the plant would
help address some of New Prov-
idence’s pressing environmental
needs in-addition to helping
‘develop a, stable, secure ener-
gy supply.

Alisdair McLean, Plasco

~ Energy Group’s vice-president

landfill,

o Canada-based waste energy supplier
_ proposes six-acre site to convert 400.
~ tonnes per day, or 50% of Nassau
~ Jandfill depository, into 21MW and
five per cent of BEC’s supply

* Project could create 55 jobs and be
fully operational within 18 months —

of construction start
-* 25% of EXCESS revenue above annual

yen

target would go back to government
* No incineration or harmful air emissions

of marketing, said in an inter-

view that New Providence’s
off the Tonique |;
Williams-Darling Highway, cur-

- rently handled some 288,000

tonnes of ee per year —“a

little over 800 tonnes a day”.
. Plasco’s proposal, therefore,
would extract value from almost

: - een 8B

- November occupancy forecast 8% below ‘0 07

B By NEIL HARTNELL

Tribune Business Editor

NASSAU/Paradise Island hotels are “still hop-

_Nassau/Paradise Island hotels still hoping to

ing” to exceed.an average 60 per cent occupancy

CONVENIENT

- rate for November, Tribune Business has been
told, with the industry continuing to encounter a
“depressed” business environment after a Sep-
tember that was “one of the.softest on record”.
Frank Comito,.the Bahamas Hotel Associa- -

“Last year,

1

gum (Colina General
jem” Insurance Agency

“hoping to exceed an average o
per cent for November. :

“we ran about a |

beat 60 per cent average occupancy despite
‘one of the softest’ Sey mes on record

Christmas holiday periods likely to Be the fey
indications of how they will fare.

“Our projections right now are to have a soft-
ae er US-Thanksgiving than we did last year, ” Mr
5 this thing,isto-tion's(BHA) exectitive: vice-president, said’ it--Comito told ‘Tribune Business. “But we’re still
-was:still. too early” to determine how strong the
hotel and wider tourism industry’s performance |
would be as they prepared for the peak winter
period, with the upcoming Thanksgiving and

ae rate sh 60



| SEE page e 6B







PAGE 2B, MONDAY, OCTOBER 20, 2008

SES

THE TRIBUNE



By CARA BRENNEN-
BETHEL
Business Reporter

investigating a number of
options to reduce the cost of
government housing and ensure
it can increase home ownership

Kenneth Russell, the minis-
ter responsible, said the Min-

istry was looking at the use of

different technology and mate-

make them more affordable,
“In my humble opinion, an

affordable house is one that can

be purchased by our lowest

said. “I siavs tell people I
would like to see the lady who

serves me. in Burger King be '

able to afford a house: It is one

that takes off all the frills and
includes only the necessities -
for example, one bath instead of
two, gable ends instead of hip
ends, no high ceilings or
garages, fibreglass shingles and

in the Bahamas. rials, and to redesign-homes to income earners,” Mr Russell

THE Ministry of Housing is -


















































ed laundry facilities and basic-
‘size rooms, and as much sfor-
age space as the design will
allow.”

Mr Russell said his plan v was
to design and position these
homes on a lot in such a way

them with little trouble.

He said that, for example, a
two-bedroom home for a young
couple was ideal because it
allows them to get into a home
right away with the intent to
make additions.

“In the future, we intend to
reduce the cost of the tradi-

. tional home by using this
description,” Mr Russell said.

Other plans to reduce the
cost of housing involve replac-
ing the current electrical system
and conduits, and using a mono-
lithic core for floors.

“T am convinced that they can
reduce the cost of construction,
increase energy efficiency
reduce construction time, can
reduce the impact on the envi-
ronment and reduce the chance
of a fire,” Mr Russell said.

He added that other initia-
tives to lower.construction costs

@ By CARA BRENNEN-.

BETHEL

F Business Reporter

Alternative Funds porter
_ CONSERVATION and
energy efficiency will be the top
issues at the eighth annual
Bahamas Home and Building
this coming weekend.

The theme of this year’s show

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a roof, only four corners, limit- -

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Kenneth Russell =



are to use steel homes similar to
steel warehouses.

“You can buy one of these
steel homes - three bed, one
bath - for about $27,000 in the

US, and all you would have to .

do is pour the floor and erect
it,” he explained.

While steel homes -are not
aesthetically pleasing, Mr Rus-
sell said they can be finished
with siding to make them more
attractive.

The Ministry’s immediate

housing priorities-are the islands
of Abaco, New Providence and
Exuma, Mr Russell said.

Builders Show focuses on
energy and conservation

ing to show organizer, Nikitia
Curtis, is a timely topic given
the high cost of utilities and fuel
and the efforts. to preserve the
planet’s environment.

He said that despite the cur-

rent economic climate and an »

apparent lull.in construction,
many persons were still inter-
ested’ in home improvements
and repair.

-o. “J think that despite what is -
' going on in the etoifomy; ped:

ple are still interested in repair-
ing their homes and making
them more energy efficient. So
they are interested in learning
about how they can do this

~. cheaply;” he said.

Mr Curtis said the show has

grown tremendously in the-past:

eight years, and this year’s will
be the largest.

“We were sold out of the ini-
tial booths two weeks ago, and
are now expanding the space to

accommodate more persons |

who are interested in exhibit-
ing. We have truly become the
largest home and builders show

in the Caribbean, and I think |

this is evident by the huce num-
ber of international exhibitors
that we have,” he said.

This year’s show is unique,
Mr Curtis explained, in that it
has a Canadian Pavilion which
will accommodate the 18
exhibitors attending from Cana-
da. They are attending as part
of 2 trade symposium and mis-
sion to the Bahamas; and there
will also be 16 companies from
the US.

“It speaks to our reputation
on the global market,” Mr Cur-
tis said.

‘Coupled with the trade show
will be a series of seminars’ to
assist persons, covering a range
of topics including energy sav-
ings, insurance and finance and
going green — how to conserve
the environment.

The show will be held on
October 25 and 26, from 10am
to 6pm on Saturday, and from
1lam to 6pm on Sunday. The
cost of admittance is $3, with
children being free. All pro-
ceeds from the door will be
donated to the Red Cross fol-
lowing the custom of the show
to donate admission fees to a
local charity.

Mr Curtis added that this.
year, the show will be giving,

away as door prizes vouchers —

to assist persons with their BEC
bills.

The show generally attracts
5,000-6,000 persons over the
two days, and Mr Curtis said
that as usual they are especially
targeting those female home-
owners to attend.

INSIGHT

For the stories

behind the news,
itso it [0/ 4) 4
on Mondays

eer at ed

Po YS Pe or wt te

a OD et

w
4

:





Ihe pmipune

MONDAY, OCTOBER 20, 2008, PAGE 3B:





BEC to submit

report on LNG

this week |

@ By NEIL HARTNELL
Tribune Business Editor

- THE Bahamas Electricity
Corporation (BEC) will this
week submit its report on the
merits of AES Corporation’s
proposal to supply it with liq-
uefied natural gas (LNG) for
power generation.

Kevin Basden, BEC’s gener-
al manager, told Tribune Busi-
- ness: “We are finalizing the
report. It’s just about complete
and will be submitted to the
Government next week.

’ “The report would look at the

overall picture from BEC’s and _

the Bahamas’ perspective. As
it’s from BEC, it will be more
from a technical perspective. It
will include all the technical bits,
operational analysis and eco-

nomic. assessments, all those

kinds of things.”

Mr Basden declined to com-
ment on the report’s findings
and content, saying he wanted

the BEC Board and the Goy-
ernment to see and read it first. .

However, it is likely to
encourage ‘AES that some
movement — however minimal —

is taking place in regard to its.

proposal to supply BEC’s tur-
bines at.the Blue Hills power

plant with LNG from its termi-.
nal at Ocean Cay, a man-made _

~ island. near Bimini.
‘The proposal would involve a
120-mile pipeline from Ocean
. Cay to New Providence, con-
structed at a cost of $150-$200
million, which will be borne by
AES.
Aaron Samson, AES’s man-

. aging director for LNG, had.

said in June that the cost of con-

plier.

- Corporation receives 30
sustainable energy orneeiie



BEC GENERAL MANAGER Kevin Basden...

verting- BEC’s seven to eight

combustion turbines at Blue

Hills to take LNG had been

estimated at between $1-$1.5.
“million each, making a maxi-

mum total of $12 million.

He subsequently said that —

even if the conversion costs
were closer to BEC and the

’Government’s figure of $100

million, this was-still minimal
compared to the potential cost
savings for the electricity sup-

SELATAN ET
sp



Pea eabe te?

Mr Samson had projected
that BEC could save between .
$1.4 billion to $4 billion - $80
million to $210 million per
annum - in fuel costs over'a 15-
year period if it switched to
using LNG, based on two sets
of data for future global oil
prices. |

He added that AES had
offered to pay BEC’s conver-
sion costs itself, yet Tribune
Business understands that the
Government: ‘S.concerns over...

the AES proposal relate to
long-term LNG prices, and
whether they would increase at
the same rate - and reach the
same level - as oil prices as glob-
al demand increased. Such a
development would negate any
advantages from switching BEC
to LNG.

Meanwhile, Mr Basden told

‘Tribune Business that BEC had

received about 30 proposals for
alternative, renewable energy
supply in response to its
Request for Proposal (RFP).
The fields involved were wind,

solar, biomass and ocean kinet- |

ic energy, and BEC’s renewable
energy committee was now
assessing the merits of the dif-
ferent proposals.

' “It’s very important for any
number of reasons,” Mr Bas-

den said of renewable energy. -
“One is the fact that fossil fuels .

have a finite life, and the’ other
aspect is the cost of oil on the
international markets and its
volatility.

“Tt’s also the environment. If
there is less fossil fuel used

thefe’s less emissions, and if.
there’s less oil a smaller amount ~

of foreign reserves have to be
spent on that.

“It’s very important, as we
attempt to change our genera-
tion mix, that we.not rely on
fossil fuels. It’s also important

of OR GneTgy, SOCUTIEY Zens.

RGR AU LET



Developer : signs
agreement for
Mark Knowles

Tennis

A REAL estate developer
_ has signed an agreement with
_ Bahamian tennis professional
Mark Knowles to incorporate .

a Tennis Centre bearing his .

name into his Prospect Ridge-

based Upscale gated commu- c

nity.

iaeon Kinsale, principal ot
.The Balmoral development,
will develop the Mark

Knowles Tennis Centre, com- «
‘prising clay tennis courts, club-

house and pro shop, as one of

the many amenities and‘ser- -
vices offered to Balmoral Club

members.

The Balmoral is an upscale,

gated community comprised
“mainly of town homes and sin-

gle family lots, witha private

members club.as its focal

oint. It i is. 5 desi ed to appeal
E SE male a



Centre

to both’ young ae mature pro-
fessionals. =

The Royal Bank of Canada
-is the financial sponsor for the

project, something Mr Kinsale,

- in a statement, said showed
funding was still available for

credible, qualifying projects or
businesses.

The Balmoral marketing

campaign, including media
advertising and the website

launch, will start towards the
end of October and the official
opening’ will take place the

_ first week in November. :
_ Despite the lack of market-
‘ing so far, Mr Kinsale said

there has already been a‘con-
siderable amount of interest
demonstrated by would-be

~ buyers of homes or by poten-

Bay Club member applicants.



iho ngieh i

COMMONWEALTH OF THE BAHAMAS
IN THE SUPREME COURT “CLEMquiNol 1281
COMMON LAW AND OU DIVISION |
- NOTICE OTICE |
The Quietin Titles Act 1959

The Petition in The Estate of the late Margaret V. Campbell in respect of:- ;

Banwnan Conmeacrons’Assocuon

THE BAHAMIAN CONTRACTORS’ ASSOCIATION
In Association with

THE MINISTRY OF WORKS & BIVI



Proudly. Presents
THE

ees 1 “SEMINAR SERIES”

~ BCPOU HALL

FARRINGTON ROAD

ALL THAT piece or parcel of land situated in the Eastern District of the Island of New
Providence, one of the Islands of the Commonwealth of The Bahamas containing Five
thousand and Eighty-eight (5,088) square feet being bounded on the NORTH by land
owned by Doris Smith and running Eighty two and fifty three hundredths (82.53) feet

on the EAST by.land owned by Anthony and Helen Carroll and running thereon Sixty-: )
eight and Seventeen hundredths (68.17) feet on the SOUTH by land owned by Faye
Ramsey and running thereon Eighty hundredths and Fifty seven (80.57) hundredths
feet and on the WEST by Fowler Street and sunt thereon Hits seven jana Two
hundredths: (57.02) feet.

LECTURE #1: CONTRACT NEGOTIATION
Job Sourcing, Project Pre-Qualification
Contract Documentation
Bidding & Contract Negotiation

Speaker: PAT RAHMING (Architect)
Thursday, October 23rd, 2008 — Time:

The Petitioner claim to be the owner in fee simple estate in possession of the parcel
of land hereinbefore described and free from encumbrances. The Petitioner has made
application to the Supreme Court of the Commonwealth of The Bahamas under Section
3 of The feng Titles Act, 1959 to have their title to the said land investigated.

7.-- 9 p.m

LECTURE #2: ESTIMATING

Schedule of Values
Sub-Contractors

Project Take-Off,
Bid Qualifications,
PAUL WORRELL (Quantity Surveyor)

October 30th, 2008 — Time: 7-9 p.m.

Copies of the file plan may be inspected during normal hours at:-

oe oe 1. The Registry of The Supreme Court; and

Thursday,

2. The Chambers of Messrs. Ferreira & Company #38 Kemp Building , East
Street, North. .

LECTURE #3 PROJECT MANAGEMENT
Monthly Valuations, Change Orders.
Schedules, Sub-Contractor Management

JOHN MICHAEL CLARKE
November 6th; 2008

NOTICE IS HEREBY GIVEN tthat any person having dower or right to dower or
any adverse claim or a claim not Tecognized i in the Petition shall before the 29th day
of November, A. D., 2008 file in the Supreme Court and serve on the Petitioner or the
undersigned a Statement of such claim I the prescribed form, verified by an Affidavit
to be filed therewith. Failure of any such person to file and serve a Statement of such
claim on or before the 29thday.of November A. D., 2008 will operate as.a bar to such

(Project Manager)
- Time: 7-9 p.m.

Speaker:
Thursday,

LECTURE #4 CONTRACT CLOSE-OUT

Certificate of Occupancy, Punch List, Final Payment,

LARRY TRECO
November 13th,

(General Contractor) claim.

2008 - Time: 7-9 p.m.

Speaker:
Thursday, .
FERREIRA & COMPANY
Chambers
#38 Kemp Building
East Street North
Nassau, The Bahamas

Seminar Series sponsoredAKBANY DEVELOPMENT

BCA “CERTIFICATE OF COMPLETION” AT END OF SEMINAR SERIE$

FOR EARLY REGISTRATION & INFORMATION CALL:
BCA — TEL: 502-6329 or 325-5363
MINISTRY OF WORKS - TEL: 322-4830
DYKTON MECHANICAL CO. LTD. (DMC) 356-9296 or 356-9738





a



| RESPONSIBILITIES





PAGE 4B, MONDAY, OCTOBER 20, 2008

THE TRIBUNE





THE Nominations Commit-
tee for this year's Financial Ser-
vices Industry Excellence
Awards has submitted its slate
of approved nominees to the
2008 Blue Ribbon Panel,

They are:
Achiever of the Year *



MAAN Gta

"EMPLOYMENT OPPORTUNITY
‘HEAD ENGINEER

Large private estate eee seeking a ‘Head Engineer capable © of
effectively managing the estate. Candidate must have certification/
experience in. engineering and be able to maintain all equipment on the
estate. Previous experience working with large private estate, small luxury
hotel or embassy essential. Applications and resumes should include
reference from previous three: employers. Send resume, certificates and
references to.





{







a HEAD ENGINEER
P.O. BOX N-7776 (SLOT 193)
NASSAU, BAHAMAS





ok ding retailer is decking sppheaucks for the position as
_BOOKKBEPER/ ASSISTANT ACCOUNTANT

REQUIREMENTS
Pep licaats should possess the following:

. Expetience i in the field of oes or Bookkeeping
An energetic petsonality =.

Strong Interpersonal Skills

Good Organizational Skills

Computer Literacy (Microsoft Office Suite)
Willingness to work flexible hours and weekends
Experience in Payroll preparation, would be an asset

The successful candidate will be - ‘tesponsible for properly preparing cheques,

maintaining genetal ledger with QuickBooks, Bank teconciliation, payment of salary

maintain and reconcile current payable and receivable Hebngs, reconciling credit cards
* pes goers a queries. ;

REMUNERATION
We offer in return an excellent remuneration package, inclusive of medical and life
insurance.

Interested persons ride ae your resume to:
The Human Resources Manager
P. O. Box N-623
Fax: (242) 322 - - 6607

Email: Ete

i Cerri fivcestion

All alcoholic beverage servers agree:
oY comes first.

hia the L. A. $. E.R Pigsranime an Alcohol. Safety Programme

designed to bring awareness and much-needed positive action to the
subject of responsible service and use of alcoholic beverages. Bartenders,
Waiters, Waitresses, Bar-Backs, Retail Sellers, Bar Owners, Managers
and person seeking promising careers in these key areas get your Alcohol
Server Certification today: all persons involved with serving alcoholic
beverages have a pressing need to ensure their customers safety. The
L.A.S.E.R programme teaches you how to Assess your Customers,
Prevent DUIs and underage drinking, Laws and Enforcement
Practices, Sanitation and Safety, mespensible Alcohol Service,
E.A.R Method and more..

Earn a resins feiedential Increase your earning power, Increase
recognition and respect as a leading professional while promoting
responsible alcohol service and consumption. Certification is approved
by the Ministry of Education of The Bahamas. Interested persons should
enroll now. Classes begin November 10th 2008.

Alcohol Servers Certification

‘ National Casino & Bartending School
Joe Farrington Rd. Phone: 324-2311
_ Email: natcasinobs@ yahoo.com

e Racquel D. Kerr-Johnson,

ABIFS accounting and report-
ing specialist
UBS Trustees (Bahamas)

° Marietta Ametia Russell
computer operator, data centre

Bank of the Bahamas: Inter-
national

Professional of the Year

e Francia Arscott, staff
accountant

Arner Bank & Trust

e Ophira L. Bodie, head of

back office
GEM. Global Equities Man-
agement S.A.

. © Kathryn. Feder, location
head credit risk control
“UBS (Bahamas)

e Jillian J. Ferreira, project

‘manager/senior network admin-

istrator i
Bank of the Bahamas Inter-
national

'e Jacqueline N. Hunt, CPA,

V. P. and head of compliance

Pictet Bank & Trust

° Keiko Kawaguchi- Fleming,
programming specialist

Bank of the Bahamas Inter-»

national:

e Berthia E. Knowles, assis-
tant branch manager, credit

Bank of the Bahamas Inter-
national

¢ Jan Marie Whyms, ACIB,
senior trust. relationship man-
ager

SG Hambros Bank & Trust

Executive of the Year
e Sharon Ena Brown, man-
aging director

FirstCaribbean International
- Bank (Bahamas)

e Beverley Farquharson,

ABIES, deputy managing direc-

tor-operational
Bank of the Bahamas Inter-
national ©

e Dorothy Hilton, director,

trust and fiduciary services”
8G Hambros Bank & Trust

° anya C. McCartney, man-
aging director
RBC FINCO.

e Toby Smith, managing
director

GEM Global Equities Man-
abement S:A,

Financial Services
Development and
Promotion Award

e Bahamas First - First.

Response initiative

e Fidelity Bank (Bahamas) -

NOTICE

NOTICE is hereby given that HERVENS JEAN- JACQUES
of BLUE HILL ESTATES OF NASSAU, BAHAMAS is
applying to the Minister responsible for Nationality and
Citizenship,

for registration/naturalization as. a_ citizen

of The Bahamas, and that any person who: knows any »
reason why registration/ naturalization should not be
granted, should send a written and signed statement of
the facts within twenty-eight days from the 18TH day of

OCTOBER 2008 to the Minister responsible for: Nationality} -

and Citizenship, P.O:Box N- 7147, Nassau, Bahamas.

Essay Contest Rules:

« ‘Essay should be 3 to 5 pages, double

spaced, 12 point font

e All submissions must include the entry
form found on www.ecsife.org or at
Sunshine Insurance ’s office at

Sunshine House, Shirley Street

© Allentries are due via email to

ElmiraCollegeSIFE@gmail.com or in

hard copy to Sunshine House no later

than October 22, 2008

e The top 10 finalists will present their es-
say ideas before a panel of judges on

Saturday, November 22 at Sunshine

House

¢ Applicants must have a minimum grade

point average of 2.5 on a 4.0 scale





Financial awards
nominees unveiled

MoneyBack Mortgage initiative

The Bahamas Financial Ser-
vices Board’s (BFSB) chief
executive and executive direc-
tor, Wendy Warren says the
programme, introduced in 2001
as an integral part of the organ-
isation's Financial Centre Focus
(FCF) outreach, is designed to

‘recognise role models in the

industry for outstanding per-
formance and contribution to
the growth and development of
the sector.

' Also to be recognised at the
upcoming Awards Ceremony is

Ruth Millar, former Financial’
Secretary in the Ministry of

Finance, the Recipient of BFS-
B's Lifetime Achievement
Award.

The Tribune wants to hear
from people who are
making news in their
neighbourhoods. Perhaps
you are raising funds for a
good cause, campaigning
for improvements in the
area or have won an
award. -
If so, call us on: 399. 1986
and share your story.



* Total value of scholarships over four years



THE TRIBUNE

@ By RoyalFidelity Capital
Markets

IT was a moderate trading
week in the Bahamian stock
market, with investors trading in
six out of the 24 listed securities.
_Of these five declined, and one
remained unchanged.

EQUITY MARKET

A total of 60,706 shares
changed hands, representing a
significant decline of 59,174
shares, or 49.36 per cent, ver-
sus last week's trading volume
of 119,880 shares.

Commonwealth Bank (CBL)
was volume leader for the sec-





r national Mar

ond consecutive week with
39,257 shares trading, the stock
falling by $0.10 or 1.36 per cent
to close at $7.27. FOCOL
Holdings Company (FCL) fol-
lowed with 13,000 shares trad-
ing, the stock declining by $0.05
to end the week at $5.20. Some
5,000 shares of FirstCaribbean
International Bank (Bahamas)
(CIB) also traded, the price
decreasing by $0.10 or 0.85 per
cent to end the week at $11.60.

J.S. Johnson & Company
(JSJ) was the largest decliner
of the week with a volume of
2,000 shares, dropping by $0.45,

“or.3.93 per cent, to end the

week at $11.45. Cable Bahamas
(CAB) also declined this week,

The Ambassador of
the American _
ba ett) & Nassau

is presently considering applications
for the following position:

CHEF

- This position is open to candidates with the
- following qualifications:

A high school diploma is required. .
_ Training at the Hotel Training College or

equivalent training in the culinary arts.
Three years experience as a Chef.

Personal Attributes:

- Must be able to work shifts and weekends.
- Must be flexible, a quick learner and

_ with 1,200 of its shares trading,

falling by $0.01 to end the week
at $14.14.

BOND MARKET
No notes traded in the local
market this week.

COMPANY NEWS

Earnings Releases

Commonwealth Bank
(CBL) released its unaudited
financial results for the third
quarter ended September 30,
2008..For the first nine months
of the year, CBL reported net
income to common sharehold-
ers of $33.6 million, represent-
ing an increase of $2.7 million or
8.7 per cent in comparison to
the same period in 2007.

‘For the third quarter, CBL
reported net income of $12.1
million compared to $11.7 mil-
lion.in the 2007 third quarter,
an increase of $388,000 or 3.3

per cent. Net interest margins —

were positive, with net interest
income of $25.7 million increas-
ing by $2.2 million or 9.5 per
cent over the 2007 tind as
ter.

CBL's loan loss provision of
$2.9 million increased by
$641,000 or 29 per cent quar-

BUSINESS

ter-over-quarter, with manage-
ment indicating that its aggres-

sive provisioning policies result-

ed in a strong balance sheet.
The bank’s non-interest expens-
es of $13.2 million increased by
$1.3 million or 10.6 per cent
over the 2007 third quarter, due
primarily to higher general and
administrative costs.

For the first nine months of
2008 earnings per share grew
from $0.31 to $0.34 in compari-
son to the prior year, increas-

_ ing by $0.03 or 9.68 per cent.
'. Despite the worldwide eco-

nomic crisis, CBL reported that
its third quarter results sur-
passed that of the prior year
when the economy was a lot
stronger. ,

CBL’s total assets and liabil-
ities stood at $1.3 billion and
$1.1 billion respectively, com-
pared to $1.2 billion and $978
million at year-end 2007. For
the most recent quarter, CBL

stated that total impaired loans

at 1.4 per cent of its loan port-
folio is well below the industry
average.

CBL also reported that capi-

tal ratios remain well in excess °
- of regulatory requirements, with
total equity exceeding $212 mil-

lion.

t



MONDAY, OCTOBER 20, 2008, PAGE 5B


























YTD PRICE
"CHANGE

3.01%
471%
- -20.50%
0.00%
0.00%
4.64%
- 17.34%
-13,76%
9.52%
20.55%
-49.01%
“17.87%
11.94%
10.57%
- -48.05%
0.39%
0.00%
-734%
13.10%
0.00%

preferred shares
cent, payable

NOTICE is hereby given that NEW HOLDING
COMPANY LIMITED, a company incorporated

under The Companies Act, has on the 2nd day of
October, 2008 been placed into receivership by the
Supreme Court upon the Ex-Parte Summons filed on
30th September, 2008 and be advised that PHILIP
GALANIS of HLB Galanis Bain has been appointed
the Receiver and Manager of the property and assets of

the company. e Gs

*.





:e
e

*
*

. Nassau Airport

Development Company”

The Nassau Riroort Davelapiient Company. (NAD) is about to embark ona transformation of the
Lynden Pindling Intemational Airport in Nassau, The Bahamas.

‘Stage 1




The design willevoke the spectacular beauty of The Bahamas and theh mission of NADisto operate
the airport to be safe, friendly, clean, efficient and profitable with a local sense of place.

<0 NAD invites interested Contractors and Suppliers to attend a Contractors Briefing to review
impending expansion plans. The airport will be expanded in 3 Sateges over the next. 5 years ang
will generally include:

New US Terminal & Pier 247, 000 sq. ft.;
Approximately 1,000,000 sq ft of new Asphalt Apron;
New parking facilities and roadways;

anode Z

Selective Demolition & Construction of New International Arrivals Terminal and International

Departures Pier 226,000 sq. ft;

Approximately 200,000 sq, ft of Asphalt Apron Rehabilitation;
Removal and rebuilding of existing parking facilities;

a

Stage 3

New Domestic / International Departures Terminal and Domestic Arrivals 112,000 sq. ft;
Approximately 30,000 sq. ft of Asphalt Apron Rehabilitation; and

Minor landside improvements

adaptable to change. Other components of the project include:

» Demolition
Applicants must be Bahamian citizens or » Landscaping

USS. citizens who are eligible foremployment | fj | - Apron Drive Bridges
under Bahamian laws and regulations. > Elevators and Escalators
- Baggage and Building Systems






Please submit resume and three references
via e-mail fernanderra@state.gov
addressed to the Human Resources Office
no later than Friday, October 24, 2008.

construction, safety/security and environmental requirements fo



Telephone calls will not be accepted in | Es

reference to this advertisement. ‘
We look forward to seeing you there.











|» PAGE 6B, MONDAY, OCTOBER 20, 2008

ine pes

na eipargeatee et ar tote Wa

Sete She ree














_ FROM page 1B

69.2 per cent average Occupan- »

cy rate for November for the
Nassau/Paradise Island resorts.
This year, it was forecast at
about 61 per cent a month ago.”

That would still leave the
Nassau/Paradise Island hotel
industry more than 8 per cent
down on average occupancy
performance compared to
November 2007, although some
properties are likely to fare bet-
ter than others. Mr, Comito,
though, attached a health warn-
ing to the November prediction,
which includes the Thanksgiv-
ing holiday period.

He explained that the hotel
industry had “been in a pattern
for the last couple of years now
of last-minute bookings” from

- its clients.

With some travellers waiting
as late as a week before book-
ing their Bahamas vacation, it
was highly difficult for resorts to
‘forecast their economic perfor-

mance in advance, meaning that ..

November could turn out better

- than forecast at the last minute.

~

programme.




Ss

give it up.

my all,

guess loving it.

| joined the program back in 1995
because it was something that | saw that
could he a fot of fun and challenging.

To this day J am still involved in the program
_ but this time as a volunteer,
{ volunteered to give back to the programme
so that other young people can. enjoy some
of the same experiences and .
opportunities that | was afforded through the

es ‘Time,

it's Time... To Get The Aviaral
y oak 326-1 760/41 |

‘November occupancy

Apart from the uncertainties
caused by the US economic
downturn and stock market
meltdown, another issue poten-
tially impacting American trav-
eller psychology was the forth-
coming presidential election,
which will be over come the
Thanksgiving and Christmas
periods.

Those two holidays mark the
start of the winter season for
the Bahamian tourism industry.
Once the Christmas/New Year
period is over, a short and slight
lull is traditionally experienced,
with the bumper months for the

_ hotels being the February-April

period inclusive of Easter.
“Certainly, this is peak period
for us, and we are hopeful we

. will generate a good level of

activity,” Mr Comito said of the
winter period. “The challenge

for us is to sustain that activity.

over the whole. winter/Spring

season. It’s still too early to get .

a read on what kind of activity
we’re going to generate.”

The Bahamian resort industry
is hoping that with the US pres-

‘idential election out of the way,

the worst of the fallout from the

i guess | didn't really yoluntéared: i just did what |
had to do and like the trooper that fam, | give it

NOTICE

‘¢ Tim
gs Time,

Hi, fam Terez Rolle, a Governor-General's Youth Award Bronze,

Silver and Gold recipient;
is Math Teacher, C.V. Bethel High Schaal

House Coordinator and ¥ d Coord

@

Hi, Lam Donna Saunders, St. Aliguetne: $ College school nurse e and
Governor-General's Youth Award unit leader.

My $0n Dontae,.a somewhatreluctant 9
participant, had just finished his gold qualifying _
expedition to St. Vineent so i knew a litte bit about
the Award and decided that 1 could not let the
program die so | took over after the leader had te



So here Lam, ENTRENCHED in this program that | fell into, and

- the tourism calendar:

me Sst

credit/liquidity crunch, stock
market crash and economic
downturn will be over, and
Americans — who make up
almost 85 per cent of the
Bahamas’ visitor base — will
start travelling again, aided in
part by an almost-50 per cent
fall in global oil prices. That, it is
hoped, will have the knock-on
impact of reducing air fares and
enhancing disposable income.

Mr Comito said the hotel
industry and Ministry of
Tourism were “trying to work
with the airlines to create a
more competitive fare struc-
ture” and reduce airlift costs
coming into the Bahamas.

Such moves had already
induced Jet Blue to unveil a
new twice daily service to Nas-
sau from Fort Lauderdale; and
a once-daily service from Orlan-
do, both beginning on Febru-
ary 1, 2009.

“There are other discussions -.

ongoing,” Mr Comito said.
“Hopetully, these things will
bear fruit.” However, he added
of September 2008, which is tra-
ditionally the slowest month in
“It’s one
of the softest on record. It'll
likely go down as the softest on
record.”

Robert Sands, Baha Mar’s
senior vice-president of public



























The pam of tains -Term Benefits and Assistance | in New Providence for October 2008

will be made as follows:

i) On Tuesday, October 24, 2008 , for pensioners whose funds are legosited to their

bank accounts, and —

ii) Beginning Thursday, October 23, 2008 _at the Board's Fox Hill, Wulff Road and
Jumbey Village Local Offices. Cheques may be collected from these offices between
the hours of 9:00 a. m. and 4: 00 p.m.

Pensioners and/or their representatives are peated to ee proper identification in
order to cone their ees

@

Acceptable forms of identification for Pensioners are the National Insurance Registration
Card, together with any one of the following:
1. A Passport;
2. A Voter's Card; or
3. Any other document which establishes, conclusively, the identity of the claimant.

Where the Pensioner is sending a Representative to collect his/her cheque, the Repre-
sentative should present an Authorization Form, completed by the Pensioner, or a letter
from the Pensioner authorizing the Board to release his/her cheque. Additionally, the
Representative should present any one of the above-listed items to identify himself/her-
self. Cheques will not be released to Representatives who fail to provide satisfactory iden-

tifying documents,

Please Note:

Pensioners born in October and April are now due for Verification.

Failure to be verified on-time, will result in the suspension of payments.

and governmental affairs, said
occupancy rates at the compa-
ny’s two Cable Beach proper-
ties were fluctuating between
the “high 30s and low 40s” in
percentage terms.

Usually at this time of year,
their occupancy percentages
were “as high as 10 points high-
er or even higher”, another indi-
cation of how the Bahamian
resort industry has been impact-
ed by external events.

“Business is still looking very
depressed,” Mr Sands said.
“Certainly, for the rest of Octo-
ber and advance bookings for
the rest of the year, it’s very
slow. The phones are not ring-
ing at all.”

The main issue, the Baha Mar
executive said, was US con-
sumer confidence, which

‘according to reports on Friday

had suffered its biggest plunge

for decades during the month .

of October as stock market
wealth was also eroded.
Until US consumer confi-

-now all

dence was restored, Mr Sands

said the Bahamian hotel indus- .

iry would continue to suffer
and, as a-result, needed to do

something “creative” to try and

regain the growth momentum.
Bah Mar’s staff, who total

almost 1,900 between the Sher-

aton and Wyndham resorts, are

work weeks “across :the board”,
much like their colleagues at
other properties. Workers at
Kerzner International’s Mari-
na Village have also been on
two and three-day work weeks

_ by many tenants aoe it is

understood..

“Tt’s very difficult to say what
the future will bring.. There’s
tremendous uncertainty,”
Sands told Tribune Business.

“We remain very dedicated to .
doing our best to generate as

much business as we can, and
provide the service necessary
to the guests we have.”

While occupancy levels |

achieved over the Thanksgiv-

two and. three-day —

Mr

“THE TRIBUNE.

ing and Christmas holiday peti- . _
ods were likely to “give an indi- .-
cation generally of how the |
- business environment is”, espe-
cially when measured against

prior year comparatives, Mr
Sands said they were “two par-

ticular time periods” and could:
not be used’ as measurements. ©

of how the industry’s full Winter
season would pan. out.

Mr Comito ‘added: “Every
one of us has to sell the
Bahamas with great due dili-
gence. Every one of us, wher-

éver we are in the chain of the :
"visitor experience, has to offer
the best type of service and be |
as efficient as we can regardless

of our position.

.. “Tt’s every one of us, whether
it’s the. people working at the

airport ensuring a good arrival

and departure experience, Or »
whether it’s people. working in .
the banks and the supermar- ©
-kets. Visitors are watching how -

we interact with each other, as -

well as them.”

A leading jewellery retailer is seeking a person for this senior position.

Store Manager

The successful candidates will be responsible ‘for ensuring sales. and a
optimized through excellent customer service and’ proper maintenance o inyentory

controls according to established company. procedures. :

The ideal candidate should possess:

rofits are ~

Integrity, Energetic motivational skills and Assertiveness

A minimum of 5 years management experience in: the Jewellery water and

-luxury goods sectors

Strong knowledge of Nacury watches, buying, merchandising, selling.

and repairs.

Ability to manage, train and motivate staff

An eye for detail.

‘Good educational background. Protessionel, ualitication (GIA: or.
equivaleny or suitable work experience would be an asset.
Proven skills in inventory monegenient Merchandising, marketing

and training

Ability to prepare basic accounts, budgets and eselet with

external audits.

Ability to prepare, maintain, ‘and. update operating ihenuals and":

proces ures.

trong knowledge of computers and administration.

Ability to prepare matters for senior manag efrjert and lead

discussions.

The position offers an fiexcellant remuneration A and bensiits ‘package.
Interested person should submit your resume to:

The Human Resources Manoger. :

. Box N-
Nassau, Bahamas
Fax. Gas 926-427



THE DEPARTMENT OF ST: ATISTICS |
AVERAGE QUARTERLY PRICES FOR SELECTED ITEMS; NEW PROVIDENCE:

Sweet peppers
Lettuce
Roast beef

Fresh and frozen
chicken parts
Conch

Ground beef

Liquid and other
| fuels



HIGHLIGHTS

1 ib

SELECTED QUARTERS a ~ 2008

Th
ib

~ Ti

_ The price for fresh and frozen chicken parts has been steadily increasing over the
past three years. Between the third quarters of 2006 and 2007, the price increased .
5% with a further increase of 14% between the periods of 2007 and 2008.

The cost of conch, a local delicacy, increased 17% over the recognized quarters of

2006 to 2008.

Sweet peppers come in a variety of colors and shapes. During the third quarters of
2006 to 2007, the price for this item decreased 0.5%; however, during 2007 to
2008, the price escalated by 41%.

Visit the Department Of Statistics on the world wide web @ statistics, bahamas.gov.bs




































ee MONDAY, OCTOBER 20, 2008, PAGE 7




INTERNATIONAL BUSINESS CoO
We. 4s of 2000).

" BRIFFAR LIMITED

Notice is sneteby given ‘that in accordance with, Se




WASHINGTON (AP) — carries j sueh négative weihte.: ‘wot Lazear gaye a slightly more That's ecumethins that cones :
One of President Bush's top Speaking in a broadcast inter- «. specific. time frame, saying it has to decide," he said. "But we 5
economic advisers said Sunday view Sunday from: California, would take "a few months can't Teally think of that as a
that parts of the country proba- the chairman of the White... before we really see a signifi- — stimulus that's going to get the .
bly already are experiencing a House Council. of Economic: cant.impact." economy turned around in the
recession and it could take a Advisers. noted that: national -. "But we've seen impacts “short run." Lazear spoke on
few months before the clogged unemployment stand atiO. dss already, "he said. "What we're CNN's "Late Edition." °
credit system starts working percent. Ed. Lazear: said som seeing is that banks are now agin oe
again, : “parts ‘of the: country, such as’ willing to lend'to one another.

Many analysts predict. ‘the California; have even. higher: -That's a huge plus for the econ-
economy could contract over rates.of people out of work.’ omy bécause thé big problem




B. Fos
* Kor: Conn Lguidnors, Inc:
‘ Liquidator : :









the final three months of this "We are.séeing} what'I think ~ has beén that banks have been
year and in the first 90 days of anyone. would characterize: asian unwilling to trust one another."

2009: That would meet the clas- _ recession in certain parts of: the. Democratic lawmakers plan
sic definition of a recession — country," 'Lazear'said... 0 20.0 2 to consider a postelection stim-






two consecutive quarters of eco- The. White. House and. Con - . ulus package that could cost as
nomic contraction. Some eco- gress hope : a $700 billion'rescue much as. $150 billion. Lazear,
nomic analysts say the sagging plan will inject cash. and. confi-.. said. some of the ideas being
economy already is in recession. dence into the: lending industry proposed, such as road and
The White House has been’ and recharge the economy.’ bridge projects, are too slow. .—

loath to use that word, both | Bush. repeatedly. has:told:the and too focused on one industry
because the technical definition nation that it will take < a while’: i ne give the economy a boost.

has not been met and because it for credit lines to thaw. - a Suny may be Bees ‘policy.

TER eS rm | al sregeas
close’ toa PROCS LOSE | sesions vir beheld fom 9:30 am er ee

ON. IBA Wi alft Road. Sone. Wulff Road at Minnie S










gross : domestic product (GDP)... increase in this nation’s unem-

FROM page 1B :
fs growth, Mr Smi _-Ployment rate. ,
4 for 200 -< Mr. Smith said that “it’s





: adding up” for the Bahamas,

‘ because apart fromthe tourism | |
‘and foreign direct investment

downturns, this nation had also. -

es seen the likes of Bacardi and
a Pepsi-Cola move to close their
on unemployment and the tax “operations, the construction and
structure.” e° real estate sectors were experi-

With the Bahamas heavily ; Danian geen at was... encing their own slowdowns,

rent on the US for its own. _ translatingaate. é d resort workers were on two

econ mic. performance, and... arrivals. an to three-day weeks.












Mr Smith said. “I think we’ve. ”
got to sit down, roll our sleeves
up and conduct some ‘what-if’
analyses. If we lose 10 per cent
of GDP, what will be the impact

‘Seminar Description “
For everyone fom the self plone ae who marks i)



















































ant sailed of shousanil: T he Sepia will gir
a surance hie ig inclusive oS iis ie and.



k annie compl issnes, nil ab °O be aderesied

SPewone interested in n_attending a ‘Semin ar’
should reserve a space by. call ing. the

“Board's Public Relations Departmen
at t 356- 201: ext. ee Re








‘resort and tourism. industry’ Ss
image. ;

““Tt can: work against you,
ecause if you sella $300 room J...
-at:$95 for too long, it becomesa > |
é $25 room,” Mr Smith said.

_ FROM page 1B





are giving
ators there were literally ‘giving. said. For th
away” rooms, with packages for . ae
a “place on the beach” being
priced. as low as $700 for a six-
night stay.

Although the global oil
price’s retreat to below $80, per
barrel would help reduce fuel —
costs and potentially air fares
on routes into the Bahamas, Mr
Smith said that a reduction in
what is essentially the cost of
access or ‘entrance fee’ to this
nation may be offset by other
factors.

“I believe the reduction in air
travel.costs based on proximity

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IN THE ESTATE OF VINCENT + YELVERTON

D’ AGUILAR late of “The Eyrie” on, Cable, Beach

in the Western District of the Island of New BARS
~ Providence one of the Islands of the Commorive ee : ee

of The Bahamas. oe








a ‘Deceased,
















NOTICE is hereby given that all persons shale any claim or. demand -
against the above Estate are required to send the same duly certified i in.
writing to the undersigned on or before the: 10" day of November AD. J.
2008 after which date the Executrix of the Estate will proceed to distribut Ape
the assets having regard only to the claims oh which she shall then have |

had notice. oi





















f “Applicants must be a univer: sity eatin and a member of a tecognized accouttan r

| addition to holding a minimum of five to seven years relevant work experience, with: pre
more of those in a restructuring role at a comparable level. This position requires attention to detail, strong:
“| financial and writing skills, the ability to work at one's own initiative, and the ability: to. Meet ot tigh
ee deadlines. Er ; o2 e eey one






AND NOTICE is hereby also given that all persons indebted to the’:
said Estate are requested to make full Seilemeat ay on or before the date.
hereinbefore mentioned,

ALLANJ. BENJAMIN
Chambers
Aurora House. *-
Dowdeswell Street & Dunmore Lane.
, P.O. Box N-102.
Nassau, Bahamas






KPMG offers a core compensation and benefits package inclusive of f medical and pension plans.





: Aye WE Re Mi aside egg be 1 ia hae Rac Pee 2p
Applicants should submit.a cover letter, resume, a copy of their degree and professional certifications ond a copy of theit transcripts to: keg
Human Resources Manager, P.O, Box elas: Nassau, Bahamas or jalighthourne® kom g.com.bs.n Frid ;




AUDIT « TAX * AO





Attorney for the Executrix :
s ‘ ; © 2008, KPMG, a Bahamas partnership, and a member firm of iis @ KPMG detvlark of independent member, firms affiliated with KPMG International, a
Swiss coaperative. All rights reserved. he.



* dee:

; ost Nome:

Soci












” By Order of ©
"Phe Bahamas Devel paiieit Bank

Cable Beach, Nassau, The: Bahamas
Commonwealth of The Bahamias

L G STUBBS WILL SELL

- schedule below: poh Bee Pad

FROM page Be












ply. and its consumers, pl
ees ‘environment...











3 PottersCay |












'|'94? Steel Hull Gulf Coast Shrimp Trawler

there.”
1980 with two oe)" olyo Diesel ngine Hs

Sweet Charlotte Ovwnier Possession,




















“any transmission issues would
. be minimized. :



“ running; it. ‘will employ 54-55
# people,” Mr McLean Said.
“Those ate going to be good,



| TERMS: *-ALL it ems to be Sold Where is As Is for Cash, Cashier’ Check or ‘clirent Bank Chiatantee Letter

‘1 Purchase will ‘not be released until paid for in full not later than 4:00pm Tuesday, November 4th, 2008. Where
a adept is required, the same is rion refundable. If final becsata is not nade ce 4 poe: teeis November pee
4, 2008 aly and I ce made will ie et oe earaetcrs




are going to be college-educat-







or: Jower-skilled. workers, such

An and all sonnet the: ‘parbage when it










4 at! ‘com
Sect The goal i is ; that ‘they would

‘all be [Bahamian]. ‘It’s a matter























oe ‘ ae (242) 327-5780/ 702-5730/702-87 ta
TON ae Or ka aur 702- $730 email: BahansDeroprentank.com
Sees ses LG. LG. STUBBS: th agen . them.”

rk’ with,

“Fist Nome:
‘Title: ~ ibe
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“PO. fox ee sue









Company:
- lee # # Home:





Hse Hane:

PRUE RIE 1d (ed Bk oo ne kk ee

fat rv yar irra)

502 2384
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let 1s he the

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SPO ans

RY OF THE TRIBUNE AND WAKE uP TO THE BEST NEWSPAPER FOR you
! 7 |

“|

6 MONTSS



. ‘50. pet cent: of the ‘aaa and; sa Boe me We'll build, own and oper-

“ate it, so fno capital investment is.,
required. by the Bahamas. We ©
‘will raise the capital to build the
> plant,” Mir: McLean explained,
“telling Tribune Business that

oe What we am ‘propose d to BE cfs Energy Group would ©

ey is to build a. plant. with, he

> tonnes of: capacity, so-that. anet..* seater contracts - supplying
21 IVEW of power” is generated, .

at “Mr McLéan told Tribune Busi- «

moe yearly garbage depository. at the -
} «landfill by: converting ‘it itito
ft energy. without incinerating | it-.
- “a win-win for both energy sup. :

Shabak “potters Cay ae oe ital s 8 Per eee of the

i Te : ; Dipace initial capacity o
“ im : ee eae ete Liminos eo ues Coat Haste “Ht yon. think about it, from:
: Pebble od . the power perspective, that’s 5
| 1979 -.52’ Hatteras: Fibre Glass Vessel \M.Y. Buddy: ~ Arawak Cay per cent of the power base load.
1980 -! 47’Garcia > Miss Quality . Potters Cay It [the Plasco plant], and is not:
| 1981 +:51’ Defender Vessel ~ » >. Equality _ Owner/Andros dependent on ‘wind or sun, We
80’ Custom Steel Hull Vessel “Lady, Kristy Owner: Possession . could build at the landfill and

connect to the distribution grid i

He added ‘that. the plant’ s. ase

: ‘Morgan Bluff “acre spatial needs were “very
es is ile at Andros’ “small for. a-power. produce
Seat eas Ss nye cr Ag.” and the easy potential connec-

122 Single Screw s Stee Hl 038 ; - Ny. Lisa ut aoe. Marine TH’ tion to BEC’s distribution grid
“ : tar eR hits ee “close to the Jandfill site meant |

“Once the, plant. is: up aed ,

“well-paid jobs. Most of them ~

-ed.— steam engineers, power —
be engineers, plant managers.”
There ‘will also be a few. jobs.

of.finiding and. training ‘people. -
‘Hopefully, the college’ in the.
~ Bahamas is’ ‘producing. gradu:

‘ates from the technical’ pro-
grammes, s so we can work with :

fo. if BEC selected the Plasco :
" Enerey roa plan as one of»

PAGE 8B, MONDAY, OCTOBER 20, 2008

THE TRIBUNE



generate its income from two

_ BEC with electricity and charg-
Dg. B. tipping | fee for the garbage i
fs disposal.

Yet Mr ‘McLean: said that as

. part of those contracts, if the.
: New Providence plant exceeded.
“its annual revenue targets, ‘a
-quarter or.25 per cent of the
‘amount over target would be
_ given back to the Bahamas gov-

ernment as part of Plasco’s bid.

‘Money |

; “The more money we make, -
» the more goes back to govern-
- ment,” Mr McLean explained.

“Once we-have environmental
permission and all the other

_ permits to get going, we could
“have the plant starting opera-
tions in about a year [after con-

struction begins], and after

about 18 months it will be in.
‘full operation. _.

“It’s very quick, because of

“the modular design we have.
We don’t have to scale it down,
‘scale it up. or anything.” With.

technology at its Ottawa plant
designed to convert 100 tonnes

.. of garbage per day, Plasco sim-
-/ply had to replicate that system
‘four times: for its Bahamian pro-

ject. - 5
"Plasco Energy Group has

been in the biomass/waste ener-

gy conversion business for. more

than 25 years, having started its
‘research and development
(R&D) arm in. Canada in 1982-
83 and then Subsequently, mov-
‘ing it to Spain. Its prototype
~ plant, capable of converting 100 ©
-fonnes of garbage into:1. 2MW_
of electricity per day, ‘began
Operating in Ottawa i in, autumn 2
2007." "secure, stable, safe energy...
“Mr Mclean ‘pointed: out that oe
sco’s technology. produced.
ther Valuable produicts besides
réen: of ‘clean’ electricity: He. ©.
said studies had'shown that one:
“tone of municipal. Canadian
waste ‘could. produce. 300 litres
‘of potable: quality water; seven -
“to.15 kilograms ‘of recovered
“metal: ‘five to 10 kilograms of
-commercial salt; and: 150 kilo-
grams of slag or construction
aggregate,

_ Inthe Bahamian context, the
water would ease the pressure
on'the water table and Andros

wellfields and help solve a

perennial problem for this

. nation, while the aggregate
‘could be sold to construction:

firms, The salt and metals could
also be resold commercially as
‘well. Overall, some 99.8 per

cent of that one tonne of Cana-:
dian waste could be recycled.

Mr McLean explained that
Plasco’s system used “front-end
separation” to recover materials
‘such.as metals for recycling,
then relied on its’ plasma tech-
nology to convert and break

down household garbage select

ed for energy conversion into
the steam and heat that drove

*- the electricity turbines.

“We take the garbage and

_ produce: products without any
‘air: emissions at all,’ 2 Mr










| ‘pamistRy 0 OF LABOUR AND SOCIAL DEVELOPMENT

THE PRICE CONTROL ACT 971)
JS + (CHAPTER 339)

THE PRICE CONTROL (GENERAL) CMENTIMENT)
; (NO. 37) PESULATONS

P The s publi is hereby vised that effective . Monday, |
“. 20th October, 2008, the Henourable Minister of
: Labour and Social Development has approved prices
- for the following breadbasket commodities:







‘NOTICE

1. Flour
2. Magarine
3. Mayonnaise’

PERMANENT SECRETARY

$100m plant proposal
_ offers dual energy,
_ waste solutions

: Mr. McLean said. the company
. was prepared to invest “over
10) mon) ini reapital’” into the:

McLean explaindd “We are not

an incinerator. An incinerator

‘takes the garbage and burns it

to create heat, to create steam —
and to run electricity. We’ re.
completely different.” r
Garbage incineration, Mr
McLean. ‘said, produced
methane gas. This was poten-

tially harmful for the Bahamian
and world erivironment, as stud- .
‘jes had shiown that methane had

22-23 times’ carbon dioxide’s. .

‘potential to further: global oa

warming.
And fie added that burning
one tonne of waste would also.

‘ send 1.5. tonnes of carbon diox-

ide into the Earth’s atmosphere, ris

_ - too.

Mr. McLean pledged ‘that ;
wherever Plasco operated, it

would “meet the most stringent

air emission standards in the

- world. Whatever jurisdiction

has got the most stringent, we'll
meet or better it.

“One of our goals i is to offer
technology that provides the.
best environmental outcome.
We’ve tried to design a system
that can do it. We say: ‘Here’s
what we can do, regulate us at
these limits’.”

Mr McLean said alternative,
renewable energy sources were
“hugely important” for island

“states such as the Bahamas. The ~
-more electricity such sources
. can produce internally for BEC,

the more stable and secure this

~ nation’s energy supply, with the
- Bahamas having greater con-
. trol over energy costs oY

becoming less reliant on ol
imports. -

The Bahamas’ “uiateien

exchange reserves. would also |
_ be protected by less reliance on .
- fossil fuel imports, with BEC
having already projected that it.

will spend about 350 million
in foreign currency on fuel sup-

plies i in 2008. .
_- Of the benefits from Plasco’ S

project, and others, Mr McLean

‘said: “The energy supply is

going to be stable, it’s locally .—
produced, it’s independent of : -
oil prices.-It’s going to be

“It’s-an environmentally

‘sound .way:to. mamiage.waste, — ;

and a way to. extract value from .
waste. sah
He ‘added that the Bahamas

- held the: potential tobecomea_
Centre of Excellence for Ener-
“gy in the Caribbean, as.every
‘nation: Plasco expanded into

was effectively: ‘virgin’ territory ©
for its technology and processes,
requiring the company to create ~

_ training programmes.

.“The potential for ‘change i is
absolutely fantastic,” Mr
McLean said. “Energy and

garbage are two huge issues.

The island nations could be ©
unique markets for us to look
at. There’s an interest in the
type of energy we do, and
there’s interest in what we.do
on the waste side.”

Private investment in Plasco
over the last three years has ©
totalled $90 million. The com-
pany received $9.5 million in
funding from Sustainable
Development Technologies
Canada and.a $4 million loan
from the Ontario Ministry of
Research and Innovation.

Apait from Ottawa, the com-.
pany also has a proposed Los
Angeles plant on the drawing
board, and another 400-tonne

per day project in Alberta,

Canada.





=THE TRIBUNE

@ By DEB RIECHMANN
i Associated Press Writer

CAMP DAVID, Md. (AP)

‘— President Bush, looking for
answers to a global economic
‘emergency with just three
‘months left in office, will host
tan international summit to dis-
ticuss ways to fix the world finan-
' ftial system but warned on Sat-
surday against reforms that
‘threaten capitalism. |
al "We will work to strengthen
band modernize our nations'
financial systems so we can help
mensure that this crisis doesn't
| - .-happen again," Bush said at the
’bCamp David presidential
efetreat. 9

fe Bush, meeting with French

President Nicolas Sarkozy and
gEuropean Commission Presi-
adent Jose Manuel Barroso, did
-hot announce’a date or site for
he summit. But Sarkozy sug-

gested it be held in the shadow

1f Wail Street before the end
Jf November.
i "Insofar as the crisis began
3m New York, then the global
folution must be found to this
fbrisis’ in. New York," Sarkozy
said.

_“ In/a joint statement issued
‘after their slightly more than 2
.4/2-hour visit, the three leadérs
aid they would contact other
@ations next week about hay-
Hing a summit in the United

- .°. States soon after the presiden-
.fial élection, then a series.of

Subsequent summits to address.
he challenges facing the global
Sconomy: Ne
2 The first summit would focus
on progress, being made to

. @ddress the current crisis and
go:

aol arr eyelet

behind the news,
read Insight
PL) dee




world."

"seek agreement on principles
of reform needed to avoid a
repetition of the problems and
assure global prosperity in the
future." Later summits, they
said, would be designed to
implement agreement on spe-
cific steps to be taken to meet
those principles.

Bush has backed the steps

‘ European nations have taken

to fix the financial markets and
is willing to listen to a range of
ideas. from both developed and
developing nations, but he has-
n't signed on to the more ambi-
tious, broad-stroke reforms that
some European leaders have in
mind to avoid a repeat of the
market crisis that rippled
around the globe. © |
Sarkozy has floated the idea
of reforming rating agencies and
even exploring the future of cur-
rency systems. British Prime
Minister Gordon Brown, who
engineered a British bank
bailout that inspired U.S. and:
European rescues, is proposing

tadical changes to the global

capitalist system, including a

- cross-border mechanism to

monitor the world's 30 biggest
financial institutions.
Standing outside on a crisp:
autumn day at the helipad on
the secluded retreat, all three
leaders spoke soberly about
what Bush called a "trying time
for all our nations." Vara
"As we make the regulatory
and institutional changes nec-
essary to avoid a repeat of this.
crisis, it is essential that we pre-
serve the foundations of demo-
cratic capitalism — a commit-

-ment to free markets, free’

enterprise, and free trade,"
Bush said.'"We must resist the
dangerous temptation of eco-
nomic isolationism and continue

‘the policies of open markets,

that have lifted standards of liv- -
ing and helped millions of peo-
ple escape.poverty around the

1

Legal Notice

INTERNATIONAL BUSINESS COMPANIES ACT.
oO eaten) GNOIAS OPBOOO) vial oar dg Ki Senay

2 owhare.

t

nena ¥
KALONG LIMITE

In Voluntary Liquidation

DP Fag Wigitigels Ie

peerea®tesy py aire VED rer veranteryeryy

Dow topped 14,000, investors
have lost $8.3 trillion from pen-
‘sion funds, college savings plans,
401(k)s and other investments.
Congress gave Bush a $700 bil-
lion plan to buy bad assets from
banks and other institutions to
shore up the financial industry.
The crisis has rocked financial
markets across the world,
prompting fears of a worldwide
recession.
"We're dealing with a signif-
icant problem," Bush said, call-
ing for patience to let, rescue
measures take effect. " But the
American people and our
friends around the world can
know that we have confidence
that the measures will work."
Barroso said it was time for
the entire international finan-
cial system to be reformed.
"We need a new global finan-

tion." :
He said he agreed with

Bush's view that reforms not

challenge the foundations of

‘market economics. But he

added: "We cannot continue

-along the same lines because

the same problems will trigger

the same disasters."

He said hedge funds and tax
havens.cannot continue to oper-
ate as they have in the past;
financial institutions cannot con-

tinue without supervisory con-

trol. ihe st
"This is no longer accept-
able," Sarkozy said. "This is no
longer possible. ... This sort of

-capitalism is a betrayal of the
“sort of capitalism we believe
Jin

‘White House deputy press

-secretary Tony Fratto said in a.

telephone call with reporters

that the president wants t

make’sure that reforms do not
. restrict trade, slow:down trade
‘liberalization or impede the
flow of capital between nations.
But he said: "We do need to
‘find ways to increase trans-
" parency and ensure that major

cial order," he said. "The Euro-
pean Union and the U.S., we
can make a difference togeth-
er."
‘Sarkozy also stressed the
urgency of what he said was a
"worldwide. crisis". that
demands a "worldwide solu-

Legal Notice

AL BUSINESS COMPANIES ACT

INTERNATION
(No.45 of 2000):

~ SWIFTCALL HOLDINGS (USA) LIMITED
ay -In Voluntary Liquidation
' “Notice is hereby given that in accordance with Section 137
(4) of the International Business Companies Act (No. 45 of
2000), SWIFTCALL HOLDINGS (USA) LIMITED has
been dissolved and struck off the Register according to the
Certificate of Dissolution issued by the Registrar General on®
the 30th day of September, 2008 ‘ :
>. Graham Milne
14215 Rock Canyon Drive .
Be oth ~- -Centerville
VA 20121
USA
Liquidator





‘economies, in particular, have





















_ “Nolicé is hereby given that in accordance with Section 137.
» (4) 0f the International Business Companies Act (No. 45 of
| 2000), KALONG LIMITED has been dissolved and struck
4 off the Register according to. the Certificate of Dissolution





& SS






' issued by the Registrar General on the 3rd day of October,



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Fratto said the leader







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inva snort





it WOuld



because of the’ breadth of, issties
in the financial melidown
the: number of .countrics
involved: He said it-was t
sonable to assume th:
_ suiamit would:be in’! ;
after Election Day, but the i









intanthe


could




ASLEEP TT SOT ICEL OTITIS PN IE

~ COMMONWEAL
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ears ani eS NSA SL TTT z ~ tC $4





Common Law & Hquity

Vet Chapter 393/003



as 2000 eG








IN THE MATTER of ALL THAT €

Ween acressiltiatec

_ Cay containing seve

nll

‘the-vicinity of Royal








ROYAL ISLAND BAHAMAS

piece parcel or lot of land hereinbefore descr
application to the Supreme Court of the Cominior
Bahamas undér Section'3 of the Quieting TitlesAct to
| title to the said piece parcel’ or Lat Of ‘
I nature and extent thereof determined and declare
cate of Title to be granted by thé Court is
provisions of the Act. as,
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THE TRIBUNE








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International Markets & Caribbean











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MONDAY, OCTOBER 20, 2008





The Tribune

The stories behind the news





LAST OF THE BIG SPENDERS

Financial crisis may change attitudes to money - and life

COLLAPSING
banks, plunging

markets and the worst

credit crunch in living
memory have shaken

‘ the financial world to

the core and left
millions of borrowers
and home-owners in
dire straits. But will
the money crisis
change the reckless -
spending habits of
many Bahamians?
INSIGHT reports...

i By JOHN MARQUIS
Managing Editor

A YOUNG Nassau couple

who gave up their rented home
and. moved back in with their
parents so they could buy a
brand new $36,000 car are far
from alone in their short- -sight-
ed stupidity.

The professional woman who
maxed out her credit to buy.a .
$120,000 supercar ran them
close, as did Billy Bonehead
from over-the-hill who raised a
bank Joan he could ill-afford-to-=
buy a $4,000 set of shiny rims:

‘for his hotrod:

Crazier still are those aio
trudge from bank to bank trying
to raise loans they'll struggle to
repay to spend on fripperies
they can do without. Some fam-
ilies even borrow big large sums

to fund lavish shopping week-

ends in Miami.

Forty years of relative pros-
perity have encouraged
Bahamians to believe the good

“times would roll on for ever-
more. Their “Live now, pay lat-

>

er” philosophy has encouraged
them to ride a rising tide of debt
to the point where possible
insolvency now casts'a huge
shadow over their lives.

In fact, Nassau’s fragile pros-
perity, and its people’s reckless
pursuit of the meretricious, are
very much part of a free-spend-
ing malaise which has infected
the banking world in recent
years, triggering the meltdown
which has now led to a string
of government bailouts.

Distress

Credit has become the curse
of modern life, causing untold
distress'among people who
should know better than to
become hooked on an open-
ended run of rising debt.

A Nassau businessman told
INSIGHT: “There are numer-
ous cases of people going from

bank to bank trying to get loans .

without down payments. I’m
told hundreds of people work-
ing for government get pay slips

‘with zero dollars. All their

income is assigned to make loan
payments. How do they sur-
vive???”

- He said when he worked in
banking, such loose credit terms
were not available. “Managers
could take chances within their
limits to help, but some of these

they don’t need?

ABOVE: Banks crisis — wil it change pape Ss attitude to buying things

RIGHT: A store winilow display at Saks Fifth Ave. catches reflections
Thursday, Oct. 16, 2008 in New York. Saks and other retailers have
toned down their eventing and promotions in light of the

stories of no equity etc raise the
three hairs on my chest.”

Now, with tourism in decline
and many workers on two.and
three-day weeks, incomes are
no longer sufficient to service
borrowings, leaving many fam-
ilies chin-deep in debt with
nowhere to turn..And all indi-
cations are that things will get
worse - far worse - before they
get better,

The Reagan- -Thatcher era of
the 1980s spawned a “greed is

good” philosophy which saw

bankers, stock traders and fund
managers pocketing obscenely
large salaries and bonuses as
credulous clients were encour-
aged to believe that the good
times would never end.

Some banks were lending up
to five times people’s income
to mortgage homes, while
finance companies were, offer-

- ing the kind of easy terms that

lured the weak and impression-
able into unrealistically high
debt with no real regard for
their ability to pay.
Meanwhile, credit card com-
panies - whose villainous activ-
ities have created lives of misery
for millions of young people -
have ruthlessly exploited peo-
ple’s acquisitive nature by
encouraging them to spend way

economic situation.

-beyond their means, then treat-
ing them with ruthless disregard

when reality kicked in.

Tt was obvious even to those
with the most rudimentary
knowledge of finance and the

_ free market that the situation
. could not be allowed to go on. —
“But one of the weaknesses of

capitalism is that its dependence
on risk can lead to a total dis-
engagement from actuality.

Capitalism

Now, having let itself down

‘badly, capitalism is having to go

cap-in-hand to governments
which have been forced to fall
back on socialist remedies.
Overnight, taxpayers have
become shareholders in institu-
tions whose reckless behaviour
has triggered the worst finan-
cial collapse since the great
depression.

It is the most withering indict-
ment, the most blistering con-
demnation, of the free market
in living memory. And it is
almost certain to lead to a new
age of regulation in which
bankers and financiers will have
the lash dropped squarely
across their backs whenever
their avaricious tendencies get

Well-refined.
y designed.

New



the better of them.
In the Bahamas, it. is to be
hoped that these more strait-

ened times will also lead to an’

upsurge in basic fiscal prudence
and sound commonsense.

The stories of senseless
spending in Nassau are legion,
with big employers like Atlantis
actually having to cap their
employees’ reliance on loans by
restricting the percentage of
salaries paid out at source to
creditors.

Young people, in particular,
have developed a sense of enti-

profligacy. And their families

tlement which leads them into
priorities are so skewed. that
they would rather splash out
$5,000 on a single prom night
than the books that might lead
their children. towards a more
fulfilling and less materialistic
future.

One young Bahamian woman
who earns about $30,000 a year
in a government job drives
around in a $40,000 Mercedes
Benz funded by a five-year loan.

By the time she has finished

‘paying for it, the car will have



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cost her significantly more than
the $40,000 price-tag while also
depreciating dramatically as an
asset. In cash terms, she will be
way out of pocket when the
time comes to sell.

“If you asked her why she
bought such a car, which cost
her, even on face value, far
more than a year’s salary, she
would justify it by saying a Mer-
cedes is a good car that will last.

“But that, of course, is BS.
What she is really after is status.

SEE page 4C







PAGE 2C, MONDAY, OCTOBER 20, 2008 . THE TRIBUNE

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THE TRIBUNE

MUNDAY, OC |OBER 2U, ZUU8, PAGE 3U





[pNGS.





FE



I AM happy, and at the
same time sad, to have just
read your article about Mr
Solomon: I’m studying Eng-
lish and writing up at the
University of Florida and my

parents try to send me good.

articles to keep me up to date
with what’s going on back
home, though sometimes. it
takes a while to receive them.

In the last few: years I’ve
become very interested in

learning about our country’s’
long history and those who.

have helped shape it into
what it is today. Interestingly,
though, I never knew who
Mr Solomon was; if I did,
perhaps I learned his name
and forgot it at the same
time. But your article was
very insightful and extremely
interesting.

‘ I love hearing about figures
such as him, as they spark in
me a feeling of hope. What
an interesting character to
have done so much for the
islands over such a long and
important period of time in
our history. My ol’ inan told
me that my grandfather was
close to his family, and that,

with your article, only makes
me wish I was able to know

him. .

Again, it was a very
insightful article - I’m glad to
have learned briefly “about
both sides of the UBP, both
sides of the early: PLP, and
in particular, both sides of

z 4
ti”





Omar floods

“GH: T)



DBACK

Re: Solomon’s wisdom
(Norman Solomon)

Mr Pindling (who I admit, I

haven’t held the greatest .

respect for). And thank you
for a well-written article;
rarely have I read a piece of

‘ such calibre in a Bahamian

paper.
Cheers,
Spencer Higgs

NORMAN SOLOMON
put his life on the line with

his stand against Colombian

drug traffickers in the 1980s.
He was one of the few politi-
cians of my lifetime who
actually had the courage to
stand up and be counted.

H F Dean, Nassau

THANK you again Mr

Marquis for a great Insight
on Norman Solomon. ,
Both you and Mr Solomon

have such a fabulous com-

mand of the English lan-
guage!

~ For those of us who grew.

up in this era your article ran
true to form.

I'll wager that even Gov
ernor Palin would add “golly,
gee wizz, you betcha!!!!”

(Now there’s Presidential
material for. you!)

. Capt. P

NORMAN would have
loved being described as the
“hippie” of Bahamian poli-

oe,

~ the

iomes



tics. You’re right, though, he
was. much smarter than the
rest.

Grace Dean

I READ your article on
Norman Solomon yesterday
with delight. I have fond
memories of several mentors
myself and can empathise

with your sense of loss. Nor- |

man apparently recognised
wordsmithing when he saw
it, and the need for it.
Although it is falling severe-
ly out of fashion these days,
keep the faith and keep‘up
the great work making these
third world politicians actu-
ally accountable — nobody
else seems capable of doing
this.

MW

| FELT I lost a friend with
death of Norman
Solomon. Though I didn’t
know him personally, he was
an easy man to identify with
because he seemed to be
interested in all sections of
society with good intent
towards all men.

Bill, Shirley Street

Re: Sarah Palin
FURTHER to the irre-

sponsible responses to your
Sarah Palin articles, it seems



and

re

lamages crops in Antigua

MST JOHN'S, Antigua

HURRICANE Omar flood-

ed homes and battered crops
on the Caribbean island of
Antigua before it spun north
‘and weakened into a tropical
storm, drifting toward extinc-
tion Friday. over the open
Atlantic, according ta Associ-
ated Press.
' Antiguan Prime Minister
Baldwin Spencer warned of a
produce shortage, saying the
farming community "appears
to have suffered an extensive
loss of crops."

"No one is reported to have’

' perished in this disaster,"

Spencer said late: Thursday,
hours after Omar blew past the
Lesser Antilles islands as a Cat-
egory 3 hurricane. "We are,

nonetheless, faced with a nat- -

ural disaster of serious propor-
tions." : .

The crop damage comes
amid spiraling food prices in
the Caribbean and around the
world. Spencer pledged to
monitor the situation and work
with farmers to meet their
needs.

Omar blew north of the
twin-island nation of Antigua
and Barbuda early ‘Thursday,
-dumping more than 5. inches
(13 centimeters) of rain and
forcing 75 people to seek
refuge in public shelters.

‘The National Office of Dis-
aster Services said rescue teams
evacuated more than 30 peo-
ple from flooded homes that
were submerged under water

Share

your
news

The Tribune wants to es
from people who are

making news in their
neighbourhoods. Perhaps
you are raising funds for a
good cause, campaigning
for improvements in the
area or have won an |
award.

If so, call us on 322- 1986
and share your.story. ?



or had slipped from their foun-
dations.

Omar. Pngcked down trees
and caused some flooding and
minor mudslides on several
Caribbean islands, but all were
spared a direct hit by the storm.

On Friday, Tropical Storm

\PHONES:

Omar was located about 670
miles (1,075. kilometers) south-

east of Bermuda and posed no.

threat to land. It was expected
to dissipate completely over
the next several days, the U.S.
National Hurricane Center in
Miami said.



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NORMAN SOLOMON

selves are now realising their:

error and are desperate to.

paper over the cracks in this
woman’s. knowledge. John

McCain was wrong to allow

himself to be suckered into
the Palin selection, which has
seriously undermined his
credibility as a maker of wise
decisions.

IF John McCain is such a .

great patriot, why would be
ehGoee Palin as his running

mate when he must: know:

there is at least an even
chance that he will not com-

pléte his first term as presi-

dent, if elected? This was not
the action of a forward
thinker.

Greg

BEFORE American vot-
ers enter the polling booths,
they must ask themselves:
Can they really take four, or
maybe even eight years, of
Sarah Palin’s terrible voice?

Alan B (Expat)

Jan B, Nassau

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PAGE 4C, MONDAY, OCTOBER 20, 2008

FROM page one

She wants people to believe she
can afford it because the
approval of others answers her
various insecurities,” an associ-
ate told INSIGHT.

“Bahamians always like to
‘do it big’ whether they can
afford it or not. Their value sys-
tem is such that status symbols
count above everything.”

In the motor trade, generous
credit has led to many.a case of
disillusionment.

Younger car buyers, in par-
ticular, default: within the first
six months, suffering the humil-
iation of repossession anda
massive dent in their credit rat-
ing.

Part of the problem, accord-
ing to social observers, is that
Bahamians ‘have been used to
seeing high-rolling tourists living
it up in Nassau, not realising
that these people have probably
saved for years to be able to
afford their. Bahamas dream
holiday. 5

Another factor was undoubt-
edly the drug trade of the 1980s
when Colombian traffickers
overturned all the common
decencies, promoting the notion
that even dumbheads could
earn big money if they*were
willing to be dishonest.

The legacy of the drug era
has been an almost slavish
devotion to material things, all
‘funded by ridiculously high lev-
els of credit. For a long time
now, it has been obvious that
the crunch was on its way. Well,
now it’s arrived...

For those Bahamians whose

facade of wealth is no more ..

than that, troubling times lie
ahead. Sapa eies
There is no doubt that many
who today appear to have lavish
lifestyles are so heavily in hock
‘to the bank that they have
absolutely no equity. They have
to keep working to fuel the
myth of their own apparent






Last of the
big spenders

prosperity.

The colonnaded house’ with
its soaring turrets is mortgaged
to the last doorknob, the limo
with its shiny rims.is owned -
pending a very long line of hefty
repayments - by the bank, while
those sharp suits and Gucci
shoes come courtesy of Visa or
Mastercard.

-T recall a British bank man-
ager telling me once, in the days

-when banking was still an hon-
ourable profession, that he
could always tell when young
entrepreneurs were six months
away from liquidation.

“They would turn up in a
brand new Porsche,” he said,
“It was always the giveaway, a
sign that the need to be flash
had overcome financial pru-
dence to the point where. they
were heading for disaster. I can-
not recall a single instance when
the new Porsche wasn’t a har-
binger of doom.” -

. . The show-off instinct has
become so.much part of
Bahamian life that it’s going to
be hard for many to accept that

prudence and possibly even fru- _

gality are going to have to take
precedence in future.
If there is a benefit to be
gleaned from recent events, it’s
_ that people will be encouraged
to revert to the sounder princi-
ples of the past, when debt was
considered a sin and people
slept happily in their beds at
night: | . ‘

My own mother, shortly

before she died, told me that
her most challenging days were
in the 1930s when she bought
bones from the butcher to make

‘nourishing broth for my father °

and my four older brothers. She

/

couldn’t afford meat, and even
offal was viewed as a luxury.
One huge potful of this
steaming brew, with occasional
additions of vegetables and
bread, fed a family of six for a
week. Money was so short, and

. debt such a source of shame,

that my father’s wages were
portioned out every Friday
night, and all creditors paid on
the spot before she would con-
sider feeding the rest of us...

This combination of fiscal
prudence and personal honour
was the foundation of the fam-
ily. However meagre one’s cir-
cumstances, what really mat-
tered was being able to look the
next man or woman in the eye,
she said.

_ Achieving such a position .
against all the odds was the

source of great satisfaction for
her. “Times were tough,” she
said; “but the ability to get by
also gave us a great sense of ful-
filment.”

Her attitude was typical of.

her generation. A family’s pride
was built on.a strong work eth-
ic and a capacity to live within
one’s means. Thieves, spivs,
shysters and borrowers were
given short shrift where I grew
up.
It was apparently the same
here in the Bahamas. A young
Bahamian told me: “Even into
old age, when times were much
better, my grandmother always
bought the cheapest cuts of
meat. Her value system was dif-

ferent. Unless she could pay for °

something, she did without.
And she made savings where
she could.”

Now, he said; Bahamian
spending was not driven by

Bahamians,” he

PEOPLE PASS a store window display at Salvatore Ferragamo on New York's Fifth Avenue Thursday, Oct. 16,

i THE TRIBUNE -

OSE AO, ONY ee



Mark Lennihan/AP.

2008, in New York. Retailers have toned down their advertising and promotions in light of the economic situation.

need, but by the kind of insecu-
rity which prevents someone liv-
ing on a modest income in a
modest home because of what
others might think of them.
“Getting right down to rock
bottom is the only thing that is
going to change attitudes
among. the new generation of
said.
“This will come when creditors

begin turning up at their doors |

to take their stuff away..It will
come when people have to
make the choice between pay-
ing the light bill and buying

food. It will come when people .

begin to realise that their trou-
bles and worries are caused by
their credit card bills and their
second car.” -

The woman professional who

spent $120,000 on a luxury.

saloon was, like many others,

Contemporary. Timeless. Classic.

2

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‘ placing image above practicali-
ty because the good times in.

Nassau over the last few
decades have encouraged peo-
ple to embrace middle-class val-
ues which determine that pos-
sessions equal status.

On an island 21 miles long,
with roads more cratered than a

Flanders battlefield, there is no’

real use for a high-powered car
with bespoke accoutrements.
But big cars have become a
badge of social standing.

The wheel-rim phenomenon
is another manifestation of the

same “look at me” obsession, a
_need to.be noticed, respected
and admired by people who, in

truth, know the reality - that the

glitz and gloss conceal a moun- —

tain of debt.
The drive for material wealth
in the Bahamas is: particularly

evident in the numbers houses. .

Here is where the unwise and
impecunious pursue impossible
dreams.

Urged on by a mixture of
superstition and avarice, these
people will fall back on birth
dates, taxi plates, events in his-
tory and family anniversaries to
put .together numerical

sequences which they believe -

will lead to riches. —
One Bahamian does two jobs

to fund his fanaticism for the

numbers game. Paying up to

$150 per day if he suspects the

numbers will fall his way, he
lives from pay cheque to pay
cheque wondering when the
really big win will come.

One woman who collected
$150. in child maintenance
became so convinced that the
numbers 1-5-0 were about to
fall that she blew the lot on her
absurd hunch.

Sometimes dreams prompt a -

visit to the numbers house.
Bible readings can also throw
up “clues” to possible fortunes.

The Lucky Star dream book
by one “Professor Konje” offers
220 pages of clues to what your
dreams mean in terms of possi-
ble financial réturns..A gale sug-,
gests the number 101,.a lantern
308, a piano 991 and a steplad-
der 517. Entire household bud-:
gets have been squandered on
such nonsense, turning dreams
into financial nightmares
overnight. Re

One numbers enthusiast
became so convinced that his
mother’s approaching 50th
birthday meant good fortune
was on its way that he invested
$700 on every conceivable per-



suonepey eAnvesd soz

mutation of the digits 5-0-0.
Had he won, tens of thousands
of dollars would have been his.
None of his numbers fell, so he
lost the lot.

Nothing exemplifies the
Bahamian desire for monetary
well-being more than the num-
bers racket. Yet, like unrealistic
levels of credit, its benefits are
largely illusory. ©

More practical and pragmat-
ic Bahamians are now hoping

that recent financial scares will |

inject a semblance of reality into
attitudes towards money.
Motor dealer Rick Lowe,

who rejects the use of taxpayers’.

money for bailouts in favour of
more fiscal résponsibility among

families, wants people to come —

together to solve their own
problems instead of relying on
the state. 3

“To paraphrase Milton:

Friedman, it’s always easier to
spend other people’s money,
and why worry about it when
you have nothing to give but
what you take from the taxpay-
ers in thé first place?

“At the end of the day, it all
starts with the best of intentions
‘but ends with a country in mis-
ery. History is replete with
examples.”

‘Referring to Prime Minister

Hubert Ingraham’s assistance

plan forymortgage holders and»

others in distress, he said:

“Presumably, Mr Ingraham

and the Bahamian Parliament
believe they can create a wel-
fare state that is different than

those that have existed in the ~

past, with outcomes that will
have no impact on future gen-
erations.

“But we all know, when

something seems too good to .

be true:..it is. Just ask the mil-
lions of Americans and citizens
of the world suffering the ill-
effects of another financial bub-
ble that hassburst.

“Tt’s too bad, but this pre-
sent crop of so-called leaders
might not be here to witness the
destruction of the socialist poli-
cies they are implementing. Nor
will they see or feel the long

‘road to recovery. when the
country is finally downgraded
to a basket-case.” !

As the Bahamas economy
reels from events in the United

States, and lenders become

increasingly wary of those »

knocking on their doors looking
for money, it’s to be hoped that
sound sense finds its way into
local thinking. .

Tempting fate to keep up

_ with the neighbours, splurging

good money to impress others,
and going broke to fund a fixa-
tion for material goods are the
route to a stress-filled life.

One Bahamian mother said:
“While I buy generic goods, my
children spend their money on
silly designer things, handbags
that cost*hundreds of dollars.
There is no sense in it.”

If anything good is to emerge
from the banking crisis, let it be
a realignment of people’s
approach to money matters,

and a recognition by those who ©

run the capitalist system that
the era of exploitation is over.

A-system which allows a
small group of grasping people
to shaft the rest of us at will to
fund their own grotesque venal-
ity is not sustainable, as recent.
events have proved:

For those who fell victim to
the credit trap, it is time for a
new dawn.

Let them understand that

. reverting to values of the past is

no bad thing. If you can’t afford
something, don’t buy it. Credit,
with all its attendant uncertain-
ties, can bea killer. And there is
something undeniably seductive
about paying your way as you
go, saving up for something you
really want, then savouring the
joys of true ownership.

e What do you think?
Fax 328-2398 or e-mail
jmarquis@tribunemedia.net

i





eS



MONDAY EVENING __ OCTOBER 20, 2008

7:30 | 8:00 | 8:30 | 9:00 | 9:30 | 10:00 | 10:30
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ie Gift Certificate
make great gifts!













Let Charlie the
Bahamian Puppet and
his sidekick Derek jut

some smiles on your

kids's faces.

| Bring your children to the
McHappy Hour at McDonald's in
Malborough Street every Thursday
| from 3:30pm to 4:30pm during the
month of October 2008.

Enjoy Great Food, Prizes and Lots of Fun.





THE TRIBUNE

PAGE, MONDAY, OCTOBER 20, 2008








YECCHHH! THERE \S NOTHING
WORSE THAN A SICK ROOM:
MATE! FACE THAT WAY!

T'M GOING BACK TO BED,
BUT GIVE ME A CALL IF
YoU FEEL SICK AGAIN,

L THINK THE WORST OF
THIS IS OVER, SO JUST
TRY TO GET SOME SLEEP.

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MEETING YOU,
MR. DRIVER!





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~ HUGO, TAA INVITING YOU ©
AN? TIGER OVER To HEAR
SOME CLASSICAL TAPES.



HAGAR THE HORRIBLE |

PAG WHAT PO YOU CALL
SOMEONE WHO THINKS THE -
WORLD OWES HIM i.
* ALIVING 2.



Across






Pulse.





Down

Scottish regiment ae 2 LetAct 1 be
‘not for light '. adopted for the

duties? (5,5) _ network (7)

8 Provide food for a pet with ‘3 Dog that is scientifically
hesitation (5) famous (5)

9 Able to pay back in five . 4 Was upset, °

pound notes, perhaps (7) “$0 deserts (6)

40 New native quarter shows | 5 Agreed everything was

©2008 by King Features Syndicate, Inc. World nights reserved.





Repel, 21 Wares.



INVITE ANYBOPY
2 E LSE. ou







i

chessplayes, and most experts, i
pei todays puzzle as thedinest | White (to play} force victory? Both

finish of fis career. Dutch champion . é

Timmian's position is very passive,” ge Pts sa < online:

yet he has a constructive plan of 5 ai ne ot rersoes

Rees followed by BcB when White Fiera ie a me

must allow a rook exchange which frthe-Strand. You pa ro i

eases the defence. The normal oe inaction ree or ‘i

idea for White in cre posers » Gharge. LEONARD BARDE:

wauld be g2-g4 to break up . :
pawns round the black fing, but Lp LKg3f ReeB 2.Kfs Be8 3Kq5! Bad? (if
fiere this plane fails due to the ae va 5 Qh6+ Ko8 6 K{6) 4 KhSt and













Nigel Short v Jan Timman, Tilburg
1991. Formes warid title challenges «
Short fs the UK's best-known






SSS
ck queen and D7 bishop
© -Qxd3 and Qg2 mate. shorts aauat
> sequence is visually impressive
and worth remembering. How did





















declarer plays the K-A: of diamonds,
West shows out, and the contract is
suddenly in danger.






















HOW many.words of four letters.

or more cap you make from.the
letters shown here? In making a
word, each letter may be used once
only. Each must contain'‘the centre
letter and there must be at least -
‘one nine-letter word. No plurals.
TODAY’S TARGET ,

Good 25; very good 38; excellent 50
(or more). Solution tomorrow. * +:

YESTERDAY’S SOLUTION

adieu druid drupe dude dune
dupe duped indue indued inure
inured nude nudie prude prune

. pruned punier pure purine

rudd’ rude rued ruin ruined
rune udder unaided unaired
under UNDERPAID undraped
unpaid unpaired unread unrip
unripe urea ;













simplicity (7) Q ... bound to come out (7) 4
11. Picture of some currently “6 Downtrodden cads (5) North dealer. Continuing to lead diamonds is
popular group (5). 7 They experience initial dif- Both sides vulnerable. obviously hopeless, so South shifts
12 Naughty ladies men dream “ ‘ficulty in speechmaking r ee Hs suit divided Bo When he ashes
ROR CUO aes ¥72 the A-K, West’s jack falls, but when
14 Stick a number in this 8 Trust in secrecy (10) AQ9763. declarer next leads the ten from
place (6) ms ai 13 Whistle cord, any enclosed . Wiehe 105° east aunty, he ee nek way of
( : : E collecting his four club winners
17 She's toubdan excellent In. grease (7) ; $0952). 4K6 whether he allows the ten to hold or
‘company (5) 15 Feeling! getonturing =| ayy Across oe Down ¥K98543 ¥QJ6° — . overtakes it. South can do no-better
- 19 Gratifying reception (7) over a large volume (7) - wad 1 incomprehensible 2 Grant of permission o8 31052 at this point than cash his remaining
21 Officer aptto be taken in | 16 Pang suffered by one of IN subiect(e4) | (7) #18 $9743 winners and go down one.
b deren (7 Saeed ; i N 8 Birthplace of SOUTH ,__ However, declarer can make the
y aamurderek (7) Ser SN Me ane aed Mohammed (5) 3 Insignificant (5) #510743 contract easily if he tests the clubs
22 Doesn't lose in cutting the m()) QO. 9 Constructor (7) “A ewer reputation of VA 10 ‘before the diamonds. In that case,
cackle? (5) 18 He's not well — being part- | S= 10 Perplex oK4 after cashing the A-K-10, he: can
23 It’s diverting, though irrele- ly senile perhaps (5) Y“) reas) (6) AQ62 return to his hand with the king of.
‘ar ie 20 “Dri ' ; — 11 Cornmencement (5) 5 South American river The bidding: diamonds and cash the queen of
veOL CS) mp Soninie Up Uike:as sind (2) uu 12 Nepalese 8) North — East South West clubs to score his ninth trick.
; : : mountaineer (6) = pel 1¢ Pass 1¢ Pass Declarer should reason that he
é 3 . 14 Loudness (6) 6 Prestige (5) 24 Pass 3NT has eight sure tricks at the outset and
Yesterday’s Cryptic Solution ° Yesterday’s Easy Solution 17 Happen repeatedly 7 Regarded as total Opening lead — five of hearts. should then make allowance for the
: : . (5) , loss (7,3) One peculiar thing about bridge is possibility — nearly a 1-in-3 chance
Across: 1 Sahara, 4 Rancid, 9 Across: 1 Gossip, 4 Brogue, 9 19 Japanese code of Poe not'so much that it sometimes pres- | — that the diamonds are unfavorably
Cologne, 10 Easel, 11 Roost, 12 = Founder, 10 Bliss, 11 Awful, 12 chivalry (7) 8 MS (10) ents difficult problems, but that in divided. In that event, the possibility
Inspire, 13 Apparitions, 18 Pelisse, 20. Monitor, 13 Take to heart,.18 21 Famous 13. Carry out (7) many cases there is no awareness at _ that either opponent might have been
Sepia, 22 Samoa, 23 Angelus, 24 Interim, 20 Cower, 22 Grasp, 23 Russian all that a problem exists. dealt the J-x of clubs (a 16 percent
Sinned, 25 Stress. _ Neutral, 24 Rattle, 25 Jersey. ballerina (7) 15 Unvarying (7) Consider this deal where West chance) may be the only way to sal-
Down: 1 Secure, “ Hello, 3 Regatta, 5 Down: 1 Guffaw, 2 Stuff, 3 Indulge, 22 Not joining in (5) 16 Burning brightly (6) leads a heart against three notrump. — vage the contract. He should there-
Abets, 6 Cushion, 7 Delves,8 5 Robin, 6 Glitter, 7 Ensure, 8 23 Author's 18 Band of witches (5) It seems perfectly natural to win fore test that suit before playing the
Medicine man, 14 Pullman, 15 Insight, — Frame of mind, 14 Attract, 15 pseudonym : East’s jack with the ace and startrun- king of diamonds from his hand.
16 Spasms, 17 Passes, 19 Shake, 21. Exclude, 16 Ginger, 17 Orallly, 19 (3,2,5) 20 Play for time (5) ning the diamonds. But when Since playing the clubs first can

do no harm and gives declarer an
extra chance for the contract, it is
clearly the correct approach.

Tomorrow: Bidding quiz.
©2008 King Features Syndicate Inc.

ta



epee



= +4

THE TRIBUNE



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THE TRIBUNE









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SEE INSIGHT SECTION



Gentleman’ s club
owner yeaten

Gay man is ol

‘stabbed to death

»* Fitness instructor is
fifth male homosexual -
murdered in 12 months

A PART: TIME fitness instruc-
tor yesterday became the fifth gay
man to be murdered in New
Providence within a 12-month
period.

Shooting victim:
was let go by
the police force

. THE man who was shot
dead in a hail of bullets on
Friday evening was a former
police officer who was let go
from the force a few years
ago, Asst Supt Walter Evans
said yesterday.
~ Romel Dames was found
shot to death in the driver’s
seat of his green Lexus jeep
at his Garden Hills home
after 5pm on Friday.

A child who was sitting in .
the back seat of the jeep at
the time was miraculously

SEE page 10


















The man was found yesterday
morning stabbed to death in a
white Honda Civic, which was
parked near South Beach Pools.

Members of the gay communi-
ty claimed yesterday that the vic-
tim is former dancer Paul Whylly,
45, of Skyline Drive.

He is the country’s 63rd. homi-
cide for the year so far.

~ President of the Bahamas
Bodybuilding and Fitness Feder-
ation Danny Sumner told The

Pribune that he had knowm Mr:

Whylly for many years and that
he was shocked to hear of his
death.

He described the deceased as a
very “likeable” person.

A source at Mystical Gym said

that Mr Whylly worked for their

establishment on a part-time basis

in addition to liaising with the .

Ministry of Sports, Youth and
Culture.

“He was a good guy, always
spoke his mind,” he said.

Mr Whylly, the source said,

SEE page 10

Let the fun begin.

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THE BAHAMAS NATIONAL TRUST and volunteers came together on

Saturday to clean up Bonefish Pond on Cowpen Road.



DUE to the downturn in
the Bahamian economy and
the resulting expenses that
delegates would have to be
placed under to attend, the
Progressive Liberal Party
announced yesterday that it
will not hold its National Con-
vention this year.

In a press statement, PLP
chairman Glenys Hanna-Mar-











PLP announces it will
not hold convention

tin said the decision to post-
pone the convention was
made in consideration of the
likely economic burden that
would be placed on its dele-
gates nationwide.

“The Progressive Liberal
Party in the meantime is
preparing the way for its re-

SEE page 10

Felipé Major/T ribune staff .

- ister Perry Christie issued [=










: an th

AN OWNER of a recently
opened “upscale, private gentle-
man’s club” was beaten in his
Coral Harbour home last week
and threatened with death if he
did not leave the Bahamas. His
girlfriend was raped and a second
woman in the, home was assaulted,
given her passport and also told
to leave.

. Byal{Ad2.Builin; an-Américan,
who recently re-opened an East
Bay Street.club under the new
name, “Illusions”, was asleep in



with death —

his be deocnt at his Ranfurly Drive,
Coral Harbour home around 2am
Tuesday, October 14, when the
dogs in the house started to bark,
frantically moving from window to
window. Mr Dulin’s girlfriend was
in the bedroom with him. Another.
woman, who lived in the house
with them, was downstairs watch-
ing television.

x © Suddenly two masked mep.one~
‘with a shotgun, the other with a

SEE page nine

PM presents Bahamas Olympic

for a total sum of $90,000.

Leevan Sands, bronze medallist in the triple jump,
will also receive an award of $15,000.

medallists with grant incentives

PRIME Minister Hubert Ingraham congratulated:
and honoured the Bahamian Olympic team over
the weekend and presented the major award medal-
list with grant incentives totalling $115,000.

The silver medallists in the men’s4 x 400 metres
relay team, Michael Mathieu, Andrae Williams,
Avard Moncur, Andretti Bain, Ramon Miller and
Chris Brown will each receive an award of $15,000,



Micaela

. Applauding the men and women who represented the Bahamas dur-

SEE page nine

Scandal prompts Christie
warning for PLP members

By PAUL G
TURNQUEST
Tribune Staff
Reporter
pturnquest@
tribunemedia.net

’ FORMER Prime Min-

a special warning to PLP
members in light of a-

growing scandal regarding one of
his MPs, stating that the integrity
of the party “as an institution” is
greater than any one individual



CVA AGAMA

important that I should
give you the best illus-
tration I can. Pindling
has come - the architect
of the modern Bahamas
- and he has gone to his
eternal reward. Perry
Christie is now, but you
know and I know that
someone will be here
and Christie will be
gone. The PLP is built on foun-
dations that will last longer than
the frailties of anybody who are
members of our party,” he said.

mon oe that that is so SEE page 10
BAHAMAS INTERNATIONAL
FILM FESTIVAL TO HONOUR
LAURENCE FISHBURNE

ESTEEMED actor and Academy
Award nominee Laurence Fishburne
will be honoured with the prestigious
Career Achievement Award at this
year’s Bahamas International Film fes-
tival, taking place from December 4
to December 11 in Nassau.

e SEE PAGE FIVE

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ait your ne are sl


PAGE 2, MONDAY, OCTOBER 20, 2008 2 THE TRIBUNE

Shipyard TB alert: one case confirmed, 14
workers show signs of previous infection

@ BY DENISE MAYCOCK contact” with the infected indi-
Tribune Freeport Reporter vidual at the home or work envi-

dmaycock@tribunemedia.net ronment.
TEU Gaia “All workers at the shipyard

will be screened because obvi-
ously the (infected) individual —
works there and there is a possi- |
bility of prolonged exposure, and
so, therefore, those workers |
would be the ones screened first.
“Tf in the event we found active
TB within any group of the work-

‘ andilewrood Residences
ST. ALBAN DR. WEST BAY STREET

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“The Ministry
of Health
wishes to
advise the

public there is

FREEPORT - Although med-
ical evidence shows that 14 Grand
Bahama shipyard workers pre-
sent signs of previous tuberculosis
infection, only one single active

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= Health Minister Dr Hubert



Minnis and a team of health offi-



Hubert Mins

cials from New Providence were

in Grand Bahama on Seturday to-

assess the situation and address

concerns of a possible TB out-

break at the facility.

“One case has been confirmed

and is being treated,” Dr Minnis
told a press conference at Rand
Memorial Hospital.
_ Chief Medical Officer Dahl-
Regis, shipyard CEO Carl-Gustaf
Rotkirch, Mervin Wright, presi-
dent of the Grand Bahama Port
Authority Workers Union and
union vice-president Dave Barr
were also present.

Dr Minnis revealed that the
single TB case involves a foreign
worker. However, he stated that
follow-up TB screenings are being
conducted at the shipyard for all
of the 900-plus workers.

He announced that shipyard
officials have agreed to now allow
foreigners coming to work at the
shipyard to undergo health
screenings conducted by Grand
Bahama Health Services.

“T am happy to announce that —

they have agreed that once work-
ers are coming into the country,
they have agreed to allow us to do
necessary health screening and at
the same time we can detect any

Them nics

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Mr Fred A Albury
¢ Executive Motors





no evidence of
new TB cases.”

ER ET
individual who may have escaped
the health care system from their
environment,” he said.

There are currently 635 expa-
triates and 270 Bahamians
employed at the shipyard. About
467 workers had been'screened
by health officials on Saturday.

The minister reported that
none of the Bahamians screened
up to that point had been infected
with tuberculosis.

“The Ministry of Health wish-
es to advise the public that to date
there is no evidence of new TB
cases. However, should new cas-
es be identified through the
screening exercise measures will
be taken to treat the individual
immediately,” he said.

The minister noted that there
was a misunderstanding and con-

- fusion concerning 14 workers who

were among the initial screening |
of some 152 workers, who may
have been in contact with the par-
ticular TB case.

He explained that 90 individu-
als in that group weré reférred

’ for additional X-ray screening,

which showed evidence of cavities
in the lungs of the 14 workers.

“The X-rays showed evidence
of TB, but revision of those X-
rays by specialists revealed that
those can possibly be old infec-
tions because there was no pre-
screening before, so they came in
with old infections.

“There is a misunderstanding
that there were 14 additional cas-
es. Yes, those 14 show evidence

but those could have possibly

been old infections we are seeing
on the X-rays,” the minister
pointed out.

Dr Minnis said that TB is not
an illness that can_be contracted
by just being in a room with an
infected person. sent

He stated that persons ‘at risk”
are those in “prolonged constant





ers, then it meant that whole envi-
ronment from that particular
worker has to be screened
because his or her home énviron-
ment would have undergone pro-
longed exposure,” he explained.

Dave Barr, GBPAWU execu-
tive, had informed the media the
union had made several inquiries
about health screenings for expa-
triates. He claims that they were
informed by management that all

ous health screening before they
are employed at the shipyard.
The health minister said the

Bahamas had an excellent immu- |»

‘nisation record compared to some
other countries. . Beno
Dr Minnis stated that individ-
uals travelling to the Bahamas (to
work) ordinarily will travel with a

health certificate from their vari-

ous countries.
“Doctors respect certification



‘foreign workers undergo rigor-

:
j
f.

from wherever they come from !:1

system: And because this one

‘escaped through the system...we ig
just want to ensure that this does -.
‘not happen again.”

He said the screening of expa-

‘occasionally, or do find an indi- »\)
vidual who might escape from the ,;



triates will allow detection of ill- ~~

. nesses among foreign workers. us
“J would like to commend the »=

shipyard for allowing this process.
We are moving in a new direc-
tion in terms of health care for

the Bahamas. This is an excellent

thing that we were allowed to |

do...because the (infected) indi-.
vidual may come from some areas
that have poor immunisation

records and therefore there is a ©

possibility they can introduce an
illness, and therefore we can
detect and deal with it appropri-
ately,” he said.
Dr Minnis said any person who
has had a cough for a long time,
usually more than three weeks
without any other explanation,

should seek medical attention.
- He also advises persons to cover
‘their month and nose when

sneezing or coughing.



¢ Danny & Denise Albury :
¢ Bahamas Faith Ministry International
¢Mr Andrew & Deidre Barr

* Pastor Brad & Darlene Smith

e Mr & Mrs Swaby

¢ Mr & Mrs Ricardo Cox

* Pastor Gary Curry
-¢ Mr Randy Thurston

e Pastor Julian Johnson

e Prime Bahamas

Sponsored by: |
MULTI DISCOUNT FURNITURE AND

APPLIANCES BY FRIGIDAIRE


THE TRIBUNE

MONDAY, OCTOBER 20, 2008, PAGE 3





Glenys Hanna-Martin an Turnquest

PLP chairman hits out at |
sovernment over crime _

THE Bahamas government either does not take the issue
of crime seriously, or it does not have a strategy in place.to
address it, PLP chairman Glenys Hanna-Martin said yes-
terday.

Taking issue with recent comments by Minister of Nation-
al Security, Tommy Turnquest, Mrs Hanna-Martin said that
Mr Turnquest has given “no comfort” to the Bahamian peo-
ple who are looking to the government for answers in light of
the escalating murder rate.

“We are seeing today a high, unmitigated and sustained
tate of murder, now numbering 63 people. Many of these inci-
dents have occurred in broad daylight in public places. The:
minister when questioned is reported to have said that he was
‘concerned’ about the number of persons on bail for murder
and that he would be speaking further with the Attorney
. General (Michael Barnett) on this matter.

“The minister’s comments are embarrassing, disappointing
and surprising. Certainly he should have had that conversa-
tion with the attorney general by now, particularly as they are
cabinet colleagues in the same government and sit around the
one table and no doubt should be aware of the increased
bloodshed in this country, many incidents of which are said
to be committed by accused persons awaiting trial released on
bail. — i
“We should remind the Minister of National Security that
_ he is in his second year as minister in this important portfo-
‘lio. We also remind him: that the issue of crime and public
‘safety is a matter of high importance to the Bahamian peo-

ple,” she said. ea
It is with this in mind that Mrs Hanna-Martin encouraged
the various other ministers to “get on the same page” on this
“serious matter” and to give to this “terrible phenomenon the
_ priority, resources and attention it requires, to bring con-
Strole

In brief —

- Aprests as police
‘hold ‘Operation
Solithern Breeze

OFFICERS from the
Southern Division conducted
a special operation entitled
‘Operation Southern
Breeze’ on Friday evening.
The aim was to eradicate
crime in the community.

As a result, seven people
were taken into custody in
connection with possession
of dangerous drugs, five for
outstanding arrest warrants,
and five for traffic infrac-
tions.

Exuma police also con-
ducted a similar exercise,

‘called ‘Operation Night
Life’, on Friday night.

The Exuma officers appre-
hended two persons for out-
standing arrest warrants,
took two people into custody
for possession of dangerous
drugs, and cited five persons
for traffic violations.

A nightclub was ordered to
close for operating without a
valid licence.



e A Chippingham resident ©
yesterday chased down a
man who was in the process
of stealing his vehicle from
the front of his home.

Shortly after 3am, the.own-
er of a white Nissan Sentra:

‘was asleep when a man
broke into his vehicle,
parked outside his house.

The suspect was seen dri-
ving off with it. The owner
was assisted by another per-
son in following the stolen
vehicle, which was found a
short distance away. The cul-

‘prit was seen running from
the area. |

A police patrol unit was
given a description of the cul-
prit, who was found in the
Eden Street area where he
was arrested. The suspect is a
23-year-old Quarry Mission
Road resident. eg

aon

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‘Hanna-Martin calls for :
economy ‘action plan’

m@ By PAUL G TURNQUEST
Tribune Staff Reporter
pturnquest@tribunemedia.net

PLP chairman Glenys Hanna
Martin called on the government
to commission an assessment of
the Bahamian economy on which
an “action plan” can be devel-
oped which will assist in cushion-
ing the Bahamas from the nega-

‘tive effects of the ever-worsen-

ing global environment.

Noting how other countries
have developed “careful and
comprehens've policies” to pro-
tect the interests of its citizens,
Mrs Hanna-Martin said that in
the Bahamas “no such activity”
appears to be happening.

“Apart from two or three .

apparently ad hoc responses to
the creeping crisis, such as the
recent Bahamas Electricity Cor-
poration (BEC) intervention and
increased social service assistance,
there is no evidence this govern-
ment has apprised itself fully as to
the implications and possible
impact of these world events and
the downturn in our economy.
“Tt is unsettling, for example,
that the prime minister, fresh
from his trip to Washington,
would on his return make an
announcement of assistance for
defaulting mortgagors without
apparently up to that time either

himself or through his ministers ~

or agents having one conversa-
tion with the banking industry in
the Bahamas,” she said.

Mrs Hanna-Martin also point-
ed out that hundreds of Bahami-
ans are joining the unemployment
lines because of lay-offs through-
out the country while others who
are fortunate enough to hold their
jobs are forced to work.reduced

_ work weeks.

“With almost.every person in
this country experiencing a level
of apprehension and uncertainty
about the impact these events will
have on their lives the govern-
ment has no: yet communicated"

“to its citizens what our expecta-



“Apart from two
or three apparently
ad hoc responses to
the creeping crisis,
such as the recent.
Bahamas Electricity.
Corporation (BEC)
intervention and
increased social
service assistance,
there is no evidence
this government
has apprised itself
fully astothe
implications and
possible impact of
these world events
and the downturn
in our economy
aa

tions should be over the short,
medium and.long term in the
Bahamas and further what adjust-
ments we should be making in

. anticipation of these projections .

“What is the National Eco-
nomic Plan to ensure we weather
this economic onslaught? I cau-
tion the government, however,

that‘in its responses utilising pub-

lic funds that it ensures. that it
provides a buffer for the most
vulnerable and not subsidise
those who are better-able to
weather these difficult times.

“May I now suggest to the gov-
ernment that.it make an analysis
of what is happening in our econ-
omy within the context of world
events, engage in consultation
with all stakeholders, and develop
an action plan while ensuring that
every step of the way the Bahami-
an public is fully and frankly
informed on all matters affecting
their well-being,” she said,

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PAGE 4, MONDAY, OCTOBER 20, 2008 THE TRIBUNE |

~The Tribune Limited

NULLIUS ADDICTUS JURARE IN VERBA MAGISTRI
Being Bound to Swear to The Dogmas of No Master



EDITORIAL/LETTERS TO THE EDITOR

The Bahamas
Hotel Association’s












LEON E. H. DUPUCH, Publisher/Editor 1903-1914

SIR ETIENNE DUPUCH, Ki 0.B.E., K.M., K.C.S. G.,
(Hwa) LL.D., D.Litt.

a Publisher/Editor 1919-1972





Contributing Editor 1972-1991

EILEEN DUPUCH CARRON, C.M.G., M.S., B.A., LL.B.

Publisher/Editor 1972-

Published Daily Mon:\ay to Saturday

Shirley Street, P.O. Box N-3207, Nassau, Bahamas
Insurance Management Building., P.O. *-485, Freeport, Grand Bahama

TELEPHONES

Switchboard (News, Circulation and Advertising) 322-1986

Advertising Manager - (242) 502-2352.
Circulation Departmen: - (242) 502-2387
Nassau Fax: - (242) 328-2398
Freeport, Grand Bahama: 1-(242)-352-6608
Freeport fax: (242) 352-9348



Capitalism found wanting ,

IN OUR lifetime we have seen the.col-
lapse of two economic theories taken to
extreme — Communism, followed by Capi-
talism. One over regulated, the other under
regulated. ‘

They imploded because they failed to ful-
ly understand the nature of Man.

Each philosophy was design for an ide-
alised Man who existed only in the imagina-
tion of a handful of socio-political theorists. In
the end Man’s true nature broke through
and destroyed both extremes.

Communism was a socio-economic struc- '

ture that promoted an egalitarian, classless —
eventually aiming for a stateless — society
based on the common ownership of proper-
ty and the means of production.

Under it man— the proletariat — was an.

instrument of the state, so beaten down that
he lost all individuality, all initiative, all cre-
ativity. Workers were told they had nothing
to lose but their chains.
The state controlled and provided for them
from the cradle to the grave. They did not
have to think for themselves, they did not
‘have to compete for top positions. It was a sin
if one family achieved through hard work,
more than another — in other words, reward
“for labour was removed. Under this:system
gas he slavishly followed




co Vas.

He was beaten down into a vegetative state.
‘Eventually a rebelling human spirit rose up
and said: “No more!” i
Almost overnight Communist satellite
nations broke their chains, threw off their
yoke and abandoned Communism. In 1991,
the Soviet Union dissolved.



~ Communism had reckoned without man’s ~
human spirit — a spirit that it had tried to

beat into ploughshares. A spirit it had tried to

_ suffocate. zt
The capitalism that it had come to destroy
continued to flourish. Capitalism went on its

giddy way from strength to strength, many.

people becoming obscenely wealthy, others

with lifestyles they couldn’t afford, tempted.

by the plastic card that encouraged spending

beyond their pocketbooks. Wall Street knew
no limits.:

-. Man’s creativity for unrestricted deals grew

so complex that even he did not fully grasp

what was happening until it was too late. A

\- new way of thinking, of risk taking, of clever —

_ monetary creativity was unfolding. It was
smart if you could pull it off. Many of them



en Auto ae
oF Nt an tLe] <)

PRE-OWNE



did. Everyone felt secure as long as retired
Federal Reserve chief Alan Greenspan was in
charge. .

Now with all the finger-pointing and look-
ing for a scapegaat, even he is being blamed
for cutting interest rates to one per cent in

2003, allowing easy money to'continue to

flow.
And, of course, as long as easy money
flowed, irresponsible people continued to

spend, and bankers and brokers got richer. —

Few saw that the day of reckoning was at
hand.

Here was a system reeling out of control
and threatening to bring global capitalism
down with it.

Much against its better judgement the US|

government had to make a decision. As a
commentator remarked — it was the wrong
decision, made.at the right time.

In the end the US Congress was forced to

- pass a revised $700 billion bailout package to

salvage the country’s banks and save the
country’s economy from imploding. .

The unheard of had happened. Free mar-
ket America was forced to partially nation-
alise its banks.

As Stephen Roach, chairman of.Morgan ,| -
Stanley .Asia, said: “Finance has simply
moved too far from its:moorings in the real f»

economy.”

Martin Wolf of the Financial Times
blamed the collapse ona lack of proper rules,
ré sulations or supervision. As he pointed out
se f-regulation is meaningless, conflict of
iv rest.is rife.

Jithout proper regulations, rules of. the
ji. gle take over.

One only has to study nature to see how
order breeds harmony. A river flows calmly,

- banks on either side regulating its flow. But '

should the river swell and overflow those
benks, destruction follows. Life mirrors
nature. Man’s venality cannot be allowed to
continue. unchecked. He needs banks on
e ier side. Veetlet ee

Ve have seen the destruction of Man’s
s; it when over regulated, but we have also
seen his ruthless side — greed, self interest,
risk takers — when under regulated.

The way forward now is to find a workable
path between two discredited extremes. No
one wants government in the banking sys-
tem — or any other system for that matter —
but regulations and supervision there must be,
ay d they must be enforced..

Ss




Endorsement policy

EDITOR, The Tribune.
In 1991 Mr John Deleveaux,

then the Executive Vice Presi-

dent of the BHA, in a letter to
all Hotel Members announced
the "endorsement of Products
and Services" policy of the BHA.
This policy would apply to all
products and services supplied to
the Hotel Industry by individual
firms. This. would include taxis,
tour companies, printers, news-
papers, book publishers, and food
suppliers, just to name a few.

In other words, the BHA
would collect a "fee" from all
companies supplying the hotels
with goods and services. This fee
would be negotiated by the BHA
with individual suppliers, The
"fee" would mean an exclusive
right to do business with the
industry. The fee, I assume, would
depend on a bidding process.
Whoever won the bid would be
given the exclusive right to deal in
the industry. All others would
either close their doors or change

‘their product.

I was a Member of Parliament
then and called it, not a fee, but a
kickback to do business in an
industry that the Bahamian peo-
ple are an integral part of. Ninety-
five per cent of Bahamians either
work for the industry or work for
somebody who’ does. What right
does the BHA have to restrict
Bahamians access to their indus-
try? I said then that this was not
"endorsement", but."extortion".

The BHA wanted a "piece" of |

something they did nothing for.

It reminded me, I told the Par-
liament, of the days of Al
Capone, who collected "protec-
tion" money from local business.
Either you paid the fee or you
did no business. :

The proposal was, dropped,
and we were told that it had been

“somebody's "bad dream" and

would never raise its ugly head
again.
This was in 1991, J-was,:there-

fore, shocked when I was shown a
‘copy of an'e+mail'sent to. Dupuch

Publications on August 26, 2008
by Mr. Peter Webster, General
Manager of the British Colonial



jiaswnssts

letters@tribunemedia.net






Hotel, run by the world famous,
and reputable Hilton Group of
Hotels. The e-mail said in part: "

.... Currently you produce an in-

room book which all major hotels
place in their bedrooms at no cost:
to the hotels. You also produce:a

similar book for Grand Bahama." ~

Mr Peter Webster in his e-mail
went on to say: "... we intend to
produce an exclusive in-room

book that all hotels would place .

in their bedrooms. Whoever pro-

duces the book would pay the |

BHA a percentage of the revenue
they receive. In return, the BHA
will endorse this book. No other
books would be placed in the
bedrooms."

If Dupuch Publications, having

served the Tourist Industry for »

almost 50 years, does not wish to
pay them an "endorsement" fee
then other publishers will be
asked to bid. Mr. Webster gave
them fourteen days in which to
reply. In other words, "pay up or
else". fie

I could not believe what I was
reading. Somebody either had
made a mistake, or Mr. Webster,
arecent import into the Bahamas,
did not know the background of
the endorsement policy. I, there-
fore, wrote, Frank Comito, Exec-
utive Director of the Hotel Asso-
ciation.

- I pointed out that, in my opin-
ion, this was purely extortion and
that.extortion was illegal. I also
reminded him of Al Capone and
the roaring twenties when you
either "paid up' or were put out
of business. :

I further suggested to him that
if the BHA was in need of mon-
ey, it should open a collection
agency, sign up the government,
and collect the millions of dollars

in back taxés-‘owed by the various.»

hotels to the Bahamas Govern-
ment:.A fee for that job, done

“well, would be enormous.

Although I asked Mr. Comito
to respond, he did not have the

courtesy to do so. Instead he has
made a public statement, and sent
his side of the story to all mem-
bers of the BHA and put his side
of the story on the BHA's web
site.

In his statement Mr Comito
says that the BHA only wants a
"small fee” from Dupuch Publi-
cations. What's a "small fee," Mr
Comito? Is it not just to establish

‘a precedent and once set the fee

could be anything, charged to
anybody doing business with
hotels, including tour services,
taxis, etc? Do you really think the
Bahamian people are fools?

‘He also says that the BHA
would use the fee for "scholar-
ships".

How commendable — a carrot
and then a slap. I, and I would
assume Dupuch Publications, |
would like to give more scholar-
ships than we already give.

Should we now go to Mr.
Comito to collect a “fee” to sat-
isfy our own wish to give more

- scholarships? It's pretty easy to

spend other people's money!
J know that Bahamians, toa -
large extent, will let "free 'tings
kill 'em". But show some respect
for our people's intelligence, Mr
Comito and Mr Webster, and
don't push your luck too far.
Please understand, this is not a ©
threat; I am simply ‘telling you
not to underestimate the intelli-
gence of the Bahamian people! :
The BHA, I understand, has

‘said that they will not expand

their policy beyond Dupuch Pub-
lications. I heard a similar story in
1991.
Some say that "endorsement" ©
isnot extortion or a kick back. I,
therefore, went to the Dictionary
for the description of "extortion".
‘Here it is: "In extortion the victim
is threatened to hand over goods
(in this case money) or else dam-
age to their reputation or other
harm against them may occur."
If it looks like a duck, quacks ©

i like a duck, and walks like a duck

ty v9

it must be a what?

PIERRE V.L DUPUCH
Nassau,
Oct. 15, 2008.

I believe young Moss is the ‘man’ for the job |

EDITOR, The Tribune. |;

My family and I have lived in
the St Cecelia Constituency for
all of our lives. In fact, our home-
stead is at Andros Avenue and
Quintine Alley. As a mature man
in my early fifties, I have watched
as politicians from all parties

come and canvass in St Cecelia -
hoping to become the elected rep- ,

resentative for this historical part
of New Providence.
Some come. with numerous

promises about what he or she .

would do for the area once elect-
ed. eae
Others come bearing large cro-

cus sacks of money and other °

goodies. The rest come along with
delusional ideas and not a single
clue as to what we, the residents

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representative. Traditionally, this
constituency has voted with the
Progressive Liberal Party (PLP)

‘since it encompassed what was

the former constituency of St
Barnabas. For the Free National

' :Movement (FNM). to ever win

this seat; that party would have to
send someone who, is able to

~empathise with us and someone

who ‘knows’ what it is to come
from humble beginnings.
. The PLP in the meantime
seems to be waging an.internal
war as to who will be given the
official nod to succeed the cur-
rent representative, the Hon Cyn-
thia ‘Mother’ Pratt who has pub-
licly stated that she will not be
offering for re-election.
Attorney Paul David-Moss has
expressed a desire to take over
from her. For the past year or so,
he has been actively canvassing
the area and has met with many
of the residents and potential vot-
ers.
He seems like he is a nice
young man who has some grand

plans for St Cecelia. His late
father, Paul Moss Sr, was the
founder and operator of several .
foodstore outlets scattered
throughout the so-called Coconut
Grove. Moss Sr was also a long
time supporter of the PLP until
he threw in his lot with the
embryonic FNM.

Ido believe that young Moss is
the “man” for the job. Some have —
opined that Senator Pauline Zon-
icle is the “favourite” of the hier-

_ archy of the PLP, but the party

would be well advised not to
waste it’s electoral chances by
sending a person in who has no
connections with St Cecelia. Moss
is “our man” and if the party
wants our continued support, it
must send us Moss or nothing.

Fellow residents who wish to
join me in The Small Business
Association in drafting attorney.
Paul Moss may contact me at my
residence.

GODFREY COLLIE
Nassau, : i
October 10, 2008.



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THE TRIBUNE

MONDAY, OCTOBER 20, 2008, PAGE 5



Laurence Fishburne to receive career achievement award

Bahamas International Film Festival to honour Academy Award nominee

THE Bahamas International
Film Festival (BIFF) announced
that esteemed actor and Acad-
emy Award nominee Laurence
Fishburne will be honoured
with the prestigious Career
Achievement Award at this
year’s festival, taking place from
December 4 to December 11 in
Nassau.

The announcment was made
by BIFF founder and executive
director Leslie Vanderpool.

Mr Fishburne will be on hand
for the special tribute and pre-
sentation on Sunday, Decem-
ber 7. Academy Award winner
Sir Sean Connery will again be-
lending his full support at BIFF,
attending as festival patron and
presenting Laurence Fishburne
with the Career Achievement:
Award. :

Sponsored by Lombard Odi-
er Darier Hentsch Private Bank
and Trust and Chopard, the
Career Achievement tribute

‘honours an actor or actress
‘whose work has-had a major

impact and has advanced the
frontiers of cinematic artistry
around the world.

Past recipients include Acad-
emy Award winner Nicolas
Cage and Daryl Hannah.

Ms Vanderpool said: “We are
excited and honoured to wel-
come Laurence Fishburne to
the Bahamas and pay tribute to
his remarkable career with our
special Career Achievement
Award. Mr Fishburne is one-of
the great actors of our time and:
is nothing less than an icon in
our community and throughout
the Caribbean.”

Entering in its fifth year, the
Bahamas International Film
Festival has established itself as
a marque international festival |
in the Caribbean region, dis-
covering and promoting inde-
pendent voices and talent from

» around the world and showcas-
, ing a diverse array of interna-

tional films.
An actor, writer, producer

- and director, Mr Fishburne has
& been acclaimed for his work on

stage, screen, and television.
He earned the Tony, Drama
Desk, Outer Critics Circle, and
Theater World awards for his
performance in the Broadway

production of August Wilson’s -

“Two Trains Running.”

Subsequently, Mr Fishburne ”

was honoured with an Emmy
Award for his performance in

Rosetta St.

BEAU ccn CoM a Sa) LUT aate



the “The Box” episode of the
New York City-shot anthology
series Tribeca.

He has now joined the cast
of the television series “CSI”

and will debut his role by 2009.

Mr Fishburne received an
Academy Award nomination
for Best Actor for his portrayal
of Ike Turner in “What’s Love
Got To Do With It,” directed
by Brian Gibson.

Among his other notable
screen credits are Clint, East-

- wood’s multi-award-winning
“Mystic River,” for which he.

shared in the ensemble’s Screen
Actors Guild Award nomina-
tion for Outstanding Perfor-
mance by a. Cast in a Motion
Picture; Larry and Andy
Wachowkski’s blockbuster tril-
ogy of “The Matrix”, “The
Matrix Reloaded,” and “The
Matrix Revolutions”; Bill
Duke’s “Hoodlum,” which Mr
Fishburne also executive-pro-
duced, and “Deep Cover,” Oliy-
er Parker’s “Othello”, for which

_ he was the first African-Amer-

ican actor to play the title char-
acter in'a major film version;
Ame Glimcher’s “Just Cause,”
John Singleton’s “Higher
Learning,” for which he won an
NAACP Image Award for Best

Actor, and Boyz N The Hood;”

Steven Zillman’s “Searching for
Bobby Fisher”; Martin Sheen’s
“Cadence”; Abel Ferrara’s
“King of New York”; Francis
Ford Coppola’s “The Cotton

Club” and “Rumble Fish”, as __

well’as the classic “Apocalypse

Now”; and Joe Manduke’s.....

“Conbread, Earl and Me,”



“Mr Fishburne -.-

is one of the
great actors of
our time and is

turés for HBO. Michael Apt-
ed’s “Always Outnumbered,”
which Mr Fishburne also exec-
utive-produced from the first
screenplay by celebrated author
Walter Mosley; Robert
Markowitz’ “The Tuskegee Air-

men”, for which Mr Fishburne
won an NAACP Image Award
and was nominated for Emmy
and Golden Globe Awards; and
Joseph Sargent’s “Miss Ever’s
Boys.”

The latter telefilm earned

multiple honours. Among them
were five Emmy Awards, and
the coveted President’s Award
— which honours a programme
that illuminates a social or edu-
cational issue. For his perfor-
mance in “Miss Evers’ Boys”,
Mr Fishburne won an NCAAP
Image Award and was nomi-
nated for an Emmy Award.

’ York’s Circle Rep Theatre.

ater and was accepted into the: |

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nothing less
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the Caribbean.” ae od ne
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Mr Fishburne’s theatre work
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PAGE 6, MONDAY, OCTOBER 20, 2008

LOCAL NEWS

Betty Taylor
Journalist / Entrepreneur

“If you dont have
eve now
‘don’t worry --

Time will bring it for
you.”

lm By LLOYD ALLEN
Tribune Staff Reporter

to the existing mental health
facilities and education across
the board is being made by local
psychiatrist Dr Nelson Clarke.

Dr Clarke said that although
World Mental Health day was
celebrated internationally on
October 10, there had been no
public acknowledgment of the
epidemic of mental illnesses
affecting many Bahamian men
and women.

He explained that while
women have a natural ability to
open up and discuss their prob-
lems, men are much more
reserved and less willing to talk
about their feelings, and thus
the issue of mental health

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LOCAL PSYCHIATRIST NELSON CLARKE SENDS OUT PLEA

‘We need a new approach to mental
health facilities and education’



“Depression
drives them

(young men) to and behave differently.”
¢ He said this can come in the
alcoholism, form of the media assisting to
sometimes sensitise men on depression,
¢ s which is seen by most as a taboo .
physical illness, subject:
sometimes Added to this, Dr Clarke said
ae anti-depression education could
intimacy also be applied within the pub-

dysfunction, and

THE TRIBUNE




about providing more facilities,
but we also have to think about
how we can effectively influ-
ence the behaviour of men so

' that they see things differently

lic and private school systems



where children could garner
positive practices to better
equip them in maintaining men-
tal stability.

Dr David Allen, renowned
psychiatrist, recently claimed a
significant number of young
men involved in violent acts
represented a larger group who
‘were dealing with depression.

“(Depression) drives them to
alcoholism, sometimes physical
illness, sometimes intimacy dys-
function; and also with some of
them attempting to hurt them-
selves and others.”

As Dr Allen explained, all
humans have three essential
needs which include: safety,
connection and empowerment.

also with some of
them attempting
to hurt themselves

and others.”



Dr David Allen ES /

ESE
within society. “I think there is
a need for us not just to think

awareness as it relates to men
continues to be overlooked

hurt in one of those areas.”

Dr Allen said those who had
been hurt in the safety area
experience abandonment issues;
those hurt in the connection
area suffer from the fear of
rejection, and those who had
been hurt in the empowerment
area may suffer from humilia-
tion troubles.

He said this is essentially
shame, which can and has led
numerous men to criminal
lifestyles which in their minds
re-establish their masculinity
and worth.

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THETRIBUNE hs

More than 36,000 extra acres of
land set aside for food production




MORE than 36,000 additional
acres of prime arable government

land have been allocated for food:

production, Agriculture and
Marine Resources Minister
Lawrence Cartwright has
revealed. ;

The land is located in Andros,
Abaco aud Grand Bahama, he
told those celebrating World
Food Day last week. :

“The Bahamas has made
strides over the years and contin-

- ues today to combat soaring food
prices,” said Mr Cartwright.

World Food Vay celebrations
also honoured youngest farmer
Hernrado Colebrooke (North
Andros), youngest fisher Edward
Brown (New Providence), and
youngest agro-processor Brittany
McPhee (Grand Bahama).

“J pledge my support, that of
my ministry and indeed the gov-
ernment, to assist you to continue
the marvellous work you are

’ doing,” Mr Cartwright told them.
“The future of food security in
the Bahamas looks very bright.”

He said a “more focused atten-
tion” is being paid to the min-
istry’s agricultural land lease pro-
gramme. “We want to strengthen

the policy to guarantee that recip- _

ients and lessees put these
acreages under cultivation and
production in a considerably
shorter time period,” said Mr
Cartwright. :

The challenges of reducing high
prices and securing food are being
met through the provision of con-
tinuing education and training for
farmers, fishers and agri-business
entrepreneurs, he said.

Through a partnership between
the ministry and the University
of Florida, farmers, educators and
staff of the ministry were intro-
duced to ways of creating suc-
cessful and profitable businesses
growing plants and using green-
house technology. ~

~ In a joint venture between

Bahamas Agricultural and Indus- .

trial Corporation and the College
of the Bahamas, a course on busi-
ness empowerment, designed to
encourage and facilitate business




WORLD Food Day honorees are pictured with officials during cer-

"Derek Smith/BIS Photo

emonies on Wednesday. From left, seated, are Henrado Cole- »
brooke (North Andros), BAIC board member:Sonny Russell, Brit-
tany McPhee (Grand Bahama), Agriculture and Marine Resources

* Minister Lawrence Cartwright, BAIC executive chairman Edison

Key, Mrs Katie Key, BAIC general manager Benjamin Rahming,
(back row) North Andros High School agriculture teacher Rai Bud-
hu, director of marine resources Michael Brennen, director of agri-

- culture Simeon Pinder, under-secretary Philip Miller, under-secre-

tary Rena Glinton, BAIC assistant general manager Arnold Dorsett,
FAO liaison for the Bahamas Gregory Bethel, BAIC deputy general





BAIC executive chairman. Edison Key

manager Don Major and permanent secretary Creswell Sturrup.

(right), Mrs Katie-Key, and




Derek Smith/BIS Photo

BAIC board member Sonny Russell (left) congratulate youngest
agro-processor award winner Brittany McPhee of Grand Bahama.

development, is being held.

The partnering between the
Freedom Foundation and COB
by way of a $10 million donation
is going towards the creation of

the college’s Small Island Sus- :

tainability Programme, he said.
Under the Agricultural Manu-

facturers Act, interest-free loans

are available for farmers for the

_ purchase of supplies and’ duty

exemption on a wide range of

_ products. The Family Island

Encouragement Development

Act, he said, encourages the
establishment of economic zones
in designated Family Islands by
granting certain exemptions and
fiscal-incentives. The Tariff Act
allows for customs duties to be
exempted on raw materials,
equipment and supplies for agri-
culture, floriculture, horticulture,

_ fisheries, forestry, cottage and

light industries. Agro-industrial
parks are being established in
Eleuthera and North Andros, Mr
Cartwright said.

Ginn supports West End clinic health walk.

















Photo courtesy of VIP Services Ltd

WEST END; Grand Bahama— _

The West End Community Clin-
ic held its sixth annual Health and
Wellness Walk and Ginn sur Mer

was proud to make a donation in_

support of the clinic’s efforts. »

_ Along with the donation, Ginn
employees actively participated
in the community health walk.
Accordins to clinic officials, there
were over 50 early registrants for
the event. fi

“Our aim is to sensitise the

community to healthy practices

and preventative care,” said
Yvonne’ Clarke, nursing officer
Il, Public. Hospitals Authority,
Grand Bahama Health Services..
“This is part of a continuous
effort which started five years ago
with the objective to bridge the

gap between the West End Clin- ©

ic and thé community.”
In September, Ginn sur Mer
spearheaded a clean-up and
painting of the West End Clinic
facilities. An ambulance was also
previous!y presented to the clinic
by Ginn. anit?

a He
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DENISE MCPHEE (left), execu-
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West End Community Clinic’s.
sixth annual Health and Well-

~ ness Walk. Accepting is
Yvonne Clarke (right), nursing
officer II, Public Hospitals
Authority, Grand Bahama
Health Services.

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You can survive breast cancer. Early detection through regular breast self-exams and a regular program of
mammogram and physical exams are crucial steps that every woman should employ. :

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The Tribune observes Breast Cancer Awareness Month 2008

makes a donation towards the -

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LOCAL NEWS

Developments at Freeport Container Port
and Sea Air Business Centre to be discussed

FREEPORT Container Port
(FCP) and the Sea Air Business
Centre (SABC), provide an
opportunity for local and inter-
national businesses importing and
‘exporting merchandise and prod-
ucts to and from the Bahamas to
source goods worldwide directly,
taking advantage of market access
with the Mediterranean Shipping
Co (MSC).

Raymond L Jones, chief oper-
ating officer, Freeport Contain-
er Port, Freeport Harbour Com-
pany, Grand Bahama Airport
Company and the Sea Air Busi-

‘ness Centre, along with Scott

Miller, business development
manager of Hutchison Ports
Bahamas, will inform businesses
and members of the Bahamas
Chamber of Commerce about
developments taking place at the
Freeport Container Port (FCP)

and the Sea Air Business Centre.

(SABC) during a joint luncheon

with key executives on Wednes-

day. at the British Colonial Hilton.

Freeport Container Port offi-
cials also plan to inform busi-
nesses of how they can take
advantage of the many transship-
ment services provided by the

" facility. They.say the meeting is

timely, considering the economic
downturn in global markets.
Officially opened in 1997,
Freeport Container Port is pri-
vately-owned and operated by
Hutchison Port Holdings (HPH),
the world’s leading port investor,
developer and operator, with

interests in 47 ports in 24 coun-

tries.
HPH also owns and operates

in a joint venture with Port Group

Ltd, the Freeport Harbour Com-
pany, the Grand Bahama Airport
Company and the Sea Air Busi-
ness Centre.

Miller said: “We wish to see a
greater involvement on the part










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of Bahamian-based businesses as °

it relates to them taking advan-
tage of the many opportunities

that exist in The Bahamas. Busi-_

nesses and manufacturing com-

panies who operate in The -
Bahamas can take advantage of |

the opportunities that can be
realised using the Freeport Con-
tainer Port and Sea Air Business
Centre along with Freeport’s Free
Zone (FZ) status. Mediterranean
Shipping Company is the world’s
second largest shipping company
and they, in conjunction with our-
selves, provide synergistic oppor-
tunities that must be explored.”

Miller explained that presently.

a number of businesses encounter

tremendous challenges importing

and exporting their goods and
products to and from The
Bahamas. For instance he noted
that companies importing goods
from China to The Bahamas ship

their merchandise from China to ©

New York, and from New York
down to Miami, and from Miami
into Nassau.

Miller also confirmed that FCP
ensures that doing business is has-
sle-free for businesspersons as
MSC, the main shipping line ser-
vicing Freeport Container Port,



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has direct routes from China.
“Businesses can ship their prod-
ucts directly from China to Grand
Bahama where the products
could in turn be stored. There is a
740-acre park that we have called
the Sea Air Business Centre. It
is vacant land at the moment; but
it is available for construction or
warehouses for storage, break-
bulk or performing value added
procéssing before shipping to
Nassau, the Caribbean and
beyond...”

Dionisio D’ Aguilar, president
of the Bahamas Chamber of



THE TRIBUNE

Commerce, expressed concern
that many businesses based in |
New Providence are unaware of
services offered by the Freeport
Container Port and the.customers
of MSC as it relates to the impor-
tation and exportation of goods to
and from The Bahamas.

D’ Aguilar said the chamber is
delighted to have the chief oper-
ating officer and business devel-
opment manager of Freeport
Container Port visit Nassau and
meet with members to explain
the many services provided by
the container port, as well as to
inform businesses how they can
take advantage of these services.

“J think it is important for busi-
nesspersons in New Providence, .

. particularly since this is where

most of the economic activity
occurs in The Bahamas, to be

- aware of how they can utilise the

resources offered by this great
company located in our nation’s
second city, Freeport. :

“J encourage everybody to
come out and learn about it, edu-
cate and inform themselves.and
hopefully lower their costs on
transshipment of items to and
from The Bahamas,” the chamber
chief concluded.

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i i did not leave the country.

i N 0 I nconvenience. They took the second woman to
a me ‘ her bedroom, made her kneel .
pat www.rebath.com down at the foot of the bed, one of



a,

RIESE NT ONE a TED:

TEASE A SE EERE

i
|

THE TRIBUNE




FROM page one .

pistol, kicked in the bolted front
door and burst into the town
house. They forced the woman
downstairs to go upstairs with
them.

They entered Mr Dulin’s bed-
room, pointed the shot gun at him,
ordered everyone to be quiet and
told them that they had come for
all the money in the house.

Mr Dulin gave them his wallet.
It seemed they expected more and
told him this could not be all the
money. They threatened him for
more. They searched the women’s
rooms for money.

They hit Mr Dulin several times
on the side of his head with the

* shotgun, demanding money and

jewellery and repeating that there
had to be more somewhere in the
house.

Gentleman’s club
owner beaten and |
threatened with death |

They then duct taped the two
women, tying their hands behind
their backs, crossing their legs at
the ankles and duct taping the legs
together. They then duct taped
their mouths.

They duct taped Mr Dulin’s
arms in front of him,‘and duct
taped his mouth.

They turned him on his stom-

‘ach and as one of the robbers held

him down, the other searched the
house. :
The second man returned to
the bedroom and ordered Mr
Dulin to open the safe to give them
the rest of the money and the jew-

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ellery.

Mr Dulin, still taped, was taken
downstairs, the safe was opened
and cleaned out of more than
$100,000 worth of jewellery and
coins — personal jewellery, an
antique gold watch, estimated to be
worth $35,000, a man’s antique dia-
mond ring, loose diamonds, emer-

“alds and pearl necklaces, US and

South African gold coins. It is
understood that Mr Dulin’s family
had a company in South Africa
which traded in small ‘diamonds.
They also stole his US passport, a
couple of lap tops, several cell
phones, one iPod and a pair of high

* powered binoculars.

_ He was ordered down on the
floor while they emptied the safe.
_ “This is a warning from our
boss,” one of them shouted at him.

_ “You don’t belong here white boy,

if you don’t get out of our f--- coun-
try we'll kill you. Why'd you close

the club? You've [---up our boss’ —

business.”
They did not say who the “boss”
was to whom they referred.

Mr Dulin was taken back
upstairs where his legs were taped
together and his girlfriend was
raped. They started to rape the
second woman, but for some rea-
son changed their minds. To
remind her that they had guns,
they rubbed the guns on her body.
Mr Dulin was again warned. He
was reminded that they could have

killed him, and would do so if he’

them again tried to rape her. Sud-

" denly he stopped, told her she was .

lucky, said he would not do that
to her, returned her passport and
told her to leave the Bahamas. He
then kissed her on the back of her
head. ;

Club “Illusions”, which opened
on September, 18 as “an upscale,
private gentleman’s club”, has had
a long and chequered history,
opening and closing under several
new owners and managers. Locat-
ed on East Bay Street, opposite
the Poop Deck, it was first known
as the Pink Pearl when it was a
restaurant. The restaurant closed
and was-later opened as a “strip

club” by a Russian group under

the name of Butterfly. During that
period a couple of the club’s
women dancers were arrested and

-deported: Again it was closed:and

reopened under the name Man-
hattan, followed by Bentley.
It was reopened as Illusions on

‘September 18, then closed several

times as the partners organised the
operation. A few days ago it is
understood that the business was
closed temporarily for'a discussion
between the partners. :

It is also understood that Mr
Dulin’s family company is one of
the three minority shareholders

| with Carlos and Craig Wells. Hold-

ing the majority shares are Dion
Smith, Wayne Munroe and two
other partners.

. Someone who learned of the
incident said they would be sur-
prised if investors would continue
to look at the Bahamas as a safe

‘business investment if incidents

like this, which seemed to be hap-
pening more frequently, were
allowed to continue.

MONDAY, OCTOBER 20, 2008, PAGE 9 —




eye VEN AS



FROM page one

ing the 29th Olympic Games in Beijing, China, Mr
Ingraham noted that for the third consecutive time,
the Bahamas had returned from an Olympics with
two medals.

“This year we tied with Trinidad and Tobago,
Colombia and Morocco — all countries with popu-
lations of more than a million people. We won more
medals than Chile, South Africa and Singapore — all
countries with far greater resources and considerably
larger populations than our own. You are magnifi-
cent,” he said.

The prime minister said that long ago he recog-
nised that it would be a serious miscalculation to
underestimate the will of Bahamians to achieve
what some might consider to be “the unachievable”.

There is ample proof of this, he said, in the

Bahamian athletes who continue to repeat the .

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lympic medallists
Olympic medallists

incredible achievements that today dot the annals of
Bahamian sports.

“I wish to acknowledge and thank the parents
and the coaches of our Olympians for their long
years of dedication to our children and to their
sport. Truly you have made it possible for the rich
but raw talent of our young people to be honed to
astounding levels of perfection.

“T thank also the Bahamas Olympic Association
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motion of the Olympic spirit among Our young peo-
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generously sponsored training and trials and those
who made possible the televised coverage of the
Beijing Games by ZNS television,” he said.

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é washer, dryer. (Unit #4 has an extra room suitable for an

é additional bedroom or office.)

Unit Six (Townhouse Unit - Upper Level).3 bedrooms, 2 20 rei i fs i cl di LJ
a baths, study, kitchen, living room with ceiling fan, dining ver pa icipai in u ng:
: area, central air, balcony, fridge, stove, washer & dryer. —

United World College
Doctor’s Hospital

Ministry of Education
Bahamas Hotel Association
Keiser University

College of The Bahamas
Lyford Cay Foundation
Tomlinson Scholarships
Rotary International
Vassar College
Johnson & Wales University

Listed: $598,000 Gross (Appraised $620,000)

Culanial Realy

| Contact: ~
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FEE SESE SARA


PAGE 10, MONDAY, OCTOBER 20, 2008



- FROM page one

unharmed.

Witnesses at the scene said a neigh-
bour rescued the child from the jeep
after a hail of gunfire struck Mr Dames
in the head and upper body.

Sources said Mr Dames, who worked
in forensics, was under investigation
after drugs went missing from police
custody. He was said to be suspended
on half-pay, but Mr Evans said the vic-
lim was, in fact, no longer in the force.

a light-coloured vehicle with dark tints
were staking out Mr Dames’ property
from a construction site across the
street.

When Mr Dames stepped out of the
car the men reportedly began shooting.

A witness said Mr Dames’ wife
looked on as police did their investiga-
tion and that when they removed his
body from the Lexus she collapsed.

Mr Evans could not confirm the drug
claims yesterday. He said that, while
he was aware of the incident where
drugs went missing from police custody,
he did not know the identity of the cul-
prit.

Mr Evans said he did not know the
official reason for Mr Dames’ dismissal
from the police force.

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_ THE TRIBUNE

always encouraged others to better themselves and showed them how
a person like himself could come from nothing and still achieve his

goals.

Sources close to the investigation claim that just one day before his

death, the victim was seen in the presence of a man-who earlier this year
was questioned in connection with the high-profile murder of Harl Tay-

lor. i

f

The discovery of the body was made by a passer-by who was walk-
ing down a track-road near South Beach Pools at around 7am yester-

day.

Police were alerted and officers arriving on the scene found the
body of a man with “multiple stab wounds about the body,” Asst

Supt Walter Evans said.

Emergency medical personnel pronounced the victim dead at the

scene.

The body was found in the driver’s seat, leaning into the passenger
side of a white right-hand driven 1995 Honda Civic with the registra-

tion number 96708.

Initial investigations indicate that the victim may have been in that
position for more than six hours before his body was discovered.
_ The victim was dressed in a yellow floral shirt and blue jeans.

Mr Whylly, a bachelor who reportedly lived by himself, was said to

have been slim built.
He was reportedly a dedicated
Shirley. Street, Nassau.

member of Zion Baptist Church in

Mr Evans said yesterday that, while police believe they know the vic-
tim’s identity, they have not yet found anyone to positively identify him.

Crime scene technicians worke

dat the murder scene all day yes-

terday as the body was taken to the morgue for an autopsy.
Mr Evans said it is still too early in the investigation to name a sus-

pect or a motive for the killing.

However, well-placed sources fear this latest death is the continua-

~ tion of a series of gay murders that

began almost a year ago when hand-

bag designer Harl Taylor and College of the Bahamas lecturer Dr

Thaddeus McDonald were brutall

y slain in November, 2007.

Mr Whylly was believed to associate with a man who-was a guest at
Dr McDonald’s birthday party shortly before the lecturer’s murder.

Some sources believe that a fight that broke out at that birthday par-
ty led to the deaths of Mr Taylor and Dr McDonald.

Following those two murders, two
Wellington Adderley and Jamaican

other gay men, HIV/AIDS activist
Marvin Wilson, were also brutal- .

ly killed within a few a months of each other. . vi

FROM page one

Mr Christie was addressing a
special breakfast held in honour
of over 150 stalwart councillors
at the Lynden Pindling Centre on
Farrington Road when he made
this pointed address. _

While not naming the MP in
question, Mr Christie did repeat-

edly mention that, as leader, he .

can only rely on the assurances
of his colleagues that they would
not compromise thémselves while
in government andout. ~
“During my time as leader of
the Cabinet I dealt with every
issue of every minister and all
‘persons who served with me. The

- record as to how I dealt with it,

whether-to the satisfaction or not

of people, is clear. But at all times
ensuring that I was seen to act in”
-. pursuance of the best-interest of

this party. This party came out of

government, and all of us as col- »

leagues resolved to: be the best
we can in the fulfilment of duties
and responsibilities as leaders to

‘the people we represent in our

constituencies and to the people.

‘ we represent in the Bahamas.

“As leader I can expect no less

' from those who have been elect-

ed. They are colleagues who have

given me continually the full’

assurance of their commitment
to all the principles of good gov-
ernance. And as I stand here
today, nothing has changed in



Village Road
Near Shirley Street
Tel: 394-0323/5
OR 394-1377








BEONEE




Christie warning

that regard. And when something
does change, you can expect me
to come before you. All col-
leagues who serve with me have
given me all of the assurances, all
of the commitments by word and
by deed as to the fulfilment of

_ the responsibilities and the duties

that they had and that they are

- to carry out whether in govern-

ment or out of government,” he

. said.

Ever since The Tribune broke |
the story of the MP being quizzed —
by police in connection with a
multi-million dollar construction ..
scam during his administration,
many in the PLP have started to
point the finger as to who in the
party will speak out either in
defence or condemnation of the
MPR ere c
However, since the initial pub-
lication, only the PLP MP for Fox
Hill Fred Mitchell has publicly
announced that he is not the MP

. being quizzed by police.

. Mr Mitchell also noted, how-
ever, that he felt that the police
investigation was merely a “smear
campaign” orchestrated by the’
FNM to attack the party, and dis- .
tract the country from the “loom-
ing” economic recession.

“J think the PLP ought *> stand |

“up and say enough of.this. One

has the civic duty, of course, if
there is a legitimate investigation
going on to co-operate with the
authorities, but certainly you
don’t expect if there is co-opera-
tion with authorities there is going
to be this type of trial by innuen-
do or smearing,” he said.

The sitting PLP MP is expected
to be questioned for at least a
week as investigators are said to
want to quiz him on an estimated

“20 matters”, including alleged

embezzlement of funds from the
National-Emergency Manage-
ment Agency, where construction
materials were paid for, but nev-
er arrived at their designated
location.

This first matter reportedly
involves a $5 million contract
awarded to a well-known PLP
supporter in the construction field
who has also been questioned by
police in connection with this
matter. . /

- A second matter involves
another multi-million dollar con-
tract awarded to another well-.
known PLP heavy equipment
operator, This time, the alleged
scam involved a contract awarded
to clear two government sub-divi-
sions valued at over $7 million.

Not only was the contract -
already inflated, the developer in
question is alleged to have turned
around and sold the fill from the .
land back to government at $1
million per sub-division. More
than $9 million was amassed in
this single contract, which did not
go out to bid.

PLP on convention
FROM page one

emergence as the next govern-
ment of the Commonwealth of
the Bahamas and our work in
this regard is undeterred. We
are committed to the principles
and ideals which fuelled this
organisation in 1953 when it was
formed in resistance to oppres-
sion and to procure equity for
our people.

“We will continue our work
in advocating for the dignity of
our people in the face of inef-
fective, visionless, offensive.
policies which do no justice to
our proud heritage as a peo-
ple,” she said.


THE TRIBUNE

S a seller in the cur-

j rent real estate cli-
mate (or any market, for that
matter), you know that your
home’s features must stand
out against those of the com-
petition.

First you need to under-
stand what buyers are look-
ing for, and then you must
decide how much money and
elbow grease to invest to
make those wishes come true.

Excellent 5,000 sq. ft.
commercial property
located within the
high traffic area of
Palmdale. There is a
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located on the
property, great for
office use or.as an
investment
opportunity.

Listing #4771

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Under-cabinet lighting is
easily installed, and a gor-
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brighten things up.

A coat of fresh paint and
some new hardware are very
reasonable ways to go if you
want your old cabinets to
impress new homeowners, and
chipped appliances can be re-
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tre.

You’d be well-advised to
hire a professional for this
kind of refinishing.

For more budget-wise sug-
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MONDAY, OCTOBER 20, 2008, PAGE 11

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©2008 Creative Edge


PAGE 12, MONDAY, OCTOBER 20, 2008







@ BY DENISE MAYCOCK
Tribune Freeport Reporter
dmaycock@tribunemedia.net

FREEPORT - Marco City MP Zhivargo Laing
presented five scholarships to Bahamian students
studying at colleges abroad and in the Bahamas.

Mr Laing made the presentations on Thurs-
day at his constituency office in the Sunrise Shop-
ping Centre. He said the Sir Cecil Wallace Whit-
field scholarships are worth $1,000 each.

said.

















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“T continue to be very grateful to the people of
Marco City who have given me the opportunity to
represent them in the House of Assembly.

“And I continue to want to do as much as I can
to give back to this community when I can,” he

This year’s recipients were Samaiya Black, a
two-year student at the College Of the Bahamas;
Trenika Rolle, a student at Virginia Common-
wealth University; Raven Stubbs, a second-year
student at Florida College of Natural Health;

Grand Bahama Port Authority should





H & HOME



MONDAY OCTOBER 20th - SATURDAY OCTOBER 25th

Located: Harbour Bay Shopping Center
Ph: 393-4440 or 393-4448

Laing presents scholarships to Bahamian students h

arships.

Tameka Walkin and Rodney Wilson, first-year
students at Valencia Community College..

Mr Laing said this is the second year they are
providing scholarships in the name of Sir Cecil
Wallace Whitfield, former MP for Marco City.

Last year, eight students were awarded schol-

“One of the ways I found to give back is in
promoting education in this constituency because
I believe the best way to invest in the long term
future prospects of this community, island and




ere and abroad

country, is by doing so in the education of our
children. We have essentially provided scholar-

’ ships to everyone who applied this year. I am
delighted to be able to do it again and I wish the -
students the very best in the furthering of their
education,” said Mr.Laing.

THE TRIBUNE





Olive Wilson thanked Mr Laing on behalf of

the parents. ist

“We are most grateful for the scholarships,
especially in these hardship times, and it will go a
very long way in tuition fees,” she said.

be scrapped, says Nassau lawyer

Paul Moss also expresses concern over state of economy

@ BY DENISE MAYCOCK
Tribune Freeport Reporter
dmaycock@tribunemedia.net

FREEPORT - The Grand Bahama Port
Authority has served its usefulness and
should be abolished, said Nassau lawyer
Paul Moss.

Mr Moss believes the government should
move to put the Port to “sleep” once the
ongoing legal feud between the two princi-
pal shareholders ends.

“It seems to me that the shareholders
and owners, and operators of the Port
Authority have been too distracted by their
own selfishness and not focusing on the
licensees and on the betterment of the peo-

_ple in Freeport, and that is what the gov-

ernment needs to look at and change,” he
said on Thursday in Freeport.

The attorney held a press conference to
express concern over the state of the Grand
Bahama economy. )

He said that high unemployment, low
tourist arrivals, as well as the ongoing legal
dilemma at the Port are major contributing
factors to the island’s economic woes.

The GBPA has the responsibility of
engaging and promoting the city of,

_ Freeport, Mr Moss said. ;

a

“T believe Freeport is clearly an island
that has all of the tools and infrastructure to .
be successful, but someone has to pay atten-
tion to it,” he said. ;

Two co-chairmen were recently appoint-
ed at the Grand Bahama Port Authority
to oversee the operation.

Since the appointment of businessmen
Felix Stubbs and Erik Christiansen, the
Ross University medical school project was
approved and construction of the new COB
campus in Freeport has started.

\2s >The: Hayward and.St'George families are

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the Port Authority. :

The matter has been dragging on in the
courts for over two years.

The PLP lawyer said the FNM govern-
ment can do nothing right now about cur-
rent legal situations at the Port.

“There is nothing that the government
can do if it,wants to exist as a government
that respects the rule of law.

“It is clear the matters are before the
courts and that we recognise that the PA is
not good for the island of Grand Bahama.

“T believe, in my view, that the Port has
served its usefulness.

“It is outdated and it ought to be abol-
ished,” he said. ;

“Whenever. this matter is finished, the
government ought to look at it and speak to
the owners and see how amicably they can



“I believe, in my
view, that the Port
has served its
usefulness. It is
outdated and it
ought to be
abolished.” ©



Paul Moss

ments and it has corrupted many govern-
ments and many people,” claimed Mr Moss. |
Mr Moss believes that the Freeport econo-
my and Bahamians in Grand Bahama will
not benefit from the European Partnership
Agreement, signed on Wednesday.

“It is certainly not going to improve the
economy here, you are only going to see
that more Europeans can come in and take
advantage of what Grand Bahama has to
offer, and Grand Bahamians on the ground
still don’t feel the effects of it.

.“T think the EPA is a bad deal all around,
particularly for the Bahamas, when we have

‘yet to develop our industries and we are

allowing persons now to come and exploit

~ us

“We know we are not ready, we cannot

-compete,” he said.

reach a resolution to really put the Rertige: » Via a5 spidsBahanyjan Jamies are
wl ait AN. strug n hi iz

sleep.”

g Jo not have accéss to capital .

“It (the Port) is a corrupter of gover Maspersons iy Btrépe do.’

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THE TRIBUNE



eq

On behalf of the Board of Directors, | am pleased to be able to report for the 9 months ended
September 30, 2008 that Commonwealth Bank's net income was $38.0 million, an increase of
7.6% over the same period of 2007 ($35.4 million).

The third quarter started with the Bahamian economy starting to reflect the global: impact of
increases in energy costs and the US Sub Prime crisis of the previous 6 months and ended
with a historic financial collapse in world markets. While your Bank has no exposure in the
US markets that caused the collapse, the resulting impact on the US economy will continue
to challenge our tourism industry and economic activity in the Bahamas. Despite these tough
times the Bank surpassed the third quarter results of the prior year when the economy was a
lot stronger.

Our principles of safety and soundness underlie our prudent management of the Bank, thus our

conservative policy of consumer loans write offs and aggressive provisioning policies, results in
a strong Balance Sheet. The strength reflected not only in loan loss provisions of over. 150% of

MONDAY, OCTOBER 20, 2008, PAGE 13

COMMONWEALTH

BAN K CHAIRMAN’S REPORT ON UNAUDITED RES ,

ULTS SEPTEMBER 30, 2008

Total Assets at September 30th, 2008 were in excess of $1.25 billion, with a strong cash and -

liquid assets composition of $218 million up $26.5 million from December 2007. Capital ratios
remain well in excess of regulatory requirements with total equity exceeding $212 million up. over
$11 million since December 2007.

As we look toward: the end of the year we are optimistic about our 2008 performance.

Our thanks are always due to our dedicated and loyal.employees whose noble efforts allow us
to serve our customers as they deserve.

th bh se’

T.B. ae



Chairman
impaired loans, but the total impaired loans at 1.4% of the loan Portfolio is well below the industry : :
average.

COMMONWEALTH BANK LIMITED

‘CONSOLIDATED STATEMENT OF CHANGES 1 IN SHAREHOLDERS’ Bova
Excpesed In B$ ‘000s) (Unaudited)

COMMONWEALTH BANK LIMITED

ConsoOLIDATED BALANCE SHEET
(Expressed in B$ ‘000s) (Unaudited)

9 months ending

: rE December _9 months ending
September 30, 2008 , 31, 2007 September 30, 2008 September 30, 2007
Assets ee . PREFERENCE SHARES : :
Cash and deposits with banks $ .22,041 -$ 20,934 Balance at beginning and end of period ‘$84,983. $84,983
Balances with Central Bank : 73,404 72,609
Government Stock, Investments and Treasury Bills 122,705 98,050 Common SHARES atc
Loans Receivable (net) 1,035,766 954,943 Balance at beginning of period 1,968 1,964
Premises and equipment 33,747 30,912 (Purchase)/Issuance of common shares - ‘ (4). RES OS Oe Me
Other assets i 1,459: 1,726, Balance at end of period 4 964 EMA GOD.
ToTat : $ - 1,289,122 $ 1,179,174
seas SHare Premium we e
Liasitities AND SHAREHOLDERS’ Equity Balance at beginning of period - 27,643 ' 26,429
Liabilities: (Purchase)/Issuance of common shares (1,998) ' 642
- Deposits $ 1,029,176 $ 935,730 Employee stock options SO DN2 AS aaa ee sO
Life assurance fund 18,179 16,184 Balance at end of period 225,917 "27,071
Other liabilities . 29,589 26,364
Total liabilities 1,076,944 978,278 . GENERAL RESERVE
TO. Balance at beginning and end of period 10,500: - 40,000
Shareholder’s Equity: MA GET Es DN ti
Share capital - 86,947 86,951 RETAINED EARNINGS
Share premium 25,917 27,643 Balance at beginning of period 75,802. 50,496
General Reserve 10,500 10,500 Net income 38,076 ° 35,379
Retained earnings : 88,814 30.2 '75,802 Common share dividends (20,602) (15,732)
Total shareholders’ equity — BAN 212 178 — 200,896 Preference share dividends (4,462). (4,462)
TOTAL <3. ae $ 1,289,122 - $. 1,179,174 Balance at end of period 88, 814 65,681 |
: SHAREHOLDERS’ Equity AT END OF PERIOD $ 212.178 EG 189,700
COMMONWEALTH BANK LIMITED aoe a
CoNSOLIDATED STATEMENT OF INCOME COMMONWEALTH BANK LIMITED
(Expressed in B$ ‘000s) (Unaudited) CONSOLIDATED STATEMENT OF. CasH Flows
' (Expressed in B$ ‘000s) (Unaudited) d ; AACS S
3 months ending . 3 months ending 9 months ending 9 months ending

September 30,2008 September 30, 2007 ‘September 30, 2008 September 30, 2007

INCOME: oi : Cash Flows FROM OPERATING ACTIVITIES: eas a
Interest income SEAS ag 38,512 $ 33,724 Interest Receipts $ 100,952: $ 87,895
Interest expense — _. (12,776) (10,217) Interest Payments (37,262) ~ (29,651)

Net interest income a AO 26836 | 23,507 Life assurance premiums. received 7,793 - 7,819

Loan loss provision Ves zeboye fos (2,209) _—_ Life assurance claims and expenses paid (2,934 ) (2,623)

oy aa) 22.886 21,298 Fees and commissions received 8,231 7,228
Life assurance, net _ 4,521 14,605." 4s ecavelies 3 e008 ree
Fees and other income 2.408 2 162 Cash payments to employees and suppliers SET, 982) s ee (0, 1133)
: 26,81 25,155 oO 204 aaa
_—a————— Increase in loans receivable _. (89,928 ) (118, 082)
Ras : Increase in deposits _ 93,446. 91,361
Des Sildapecal ics 42,311 11,321 _Net cash from operating activities BS .722 21,240
Depreciation and amortization 878 614 Cash FLows FROM INvEestiNG ACTIVITIES:
Directors’ fees 39 Purchase of Government Stock, Investments sa
Oe ! 132460 1,974 and Treasury Bills (113,470) ° (49,007)
Net INCOME 13,569 13,181 Interest receipts and repayment of
; - : Government Stock and Treasury Bills 93,389 33,649
Preference Share Dividends » (1,487) (1,487) Purchases of premises and equipment (4,945): (3,194)
ae NE Net cash used in investing activities _(25,026) (18,552)
Net Income AvaiLaste to Common Svarenoioers = §$ 12,082 $ 11,694 in :
Re agweie, Waker kre Casu Fiows FRom Financine Activities:

Average NuMBER OF Common Swares 98,204 98,271 Dividends paid (25,064) (20,194)

(Thousands) . Weipa beer (Payment)/Proceeds from purchase/issue
Earnincs Per Snare (3 months) ened $ 0:12 $ 0.12 of common shares | (2,002 ) 643

Mort a “~~. Share based payments poppe he ae es 0

ee he Net cash used in financing activities 26,794). 19,551
i CRA eter tT, Tere POP Oe NDS ea ae Net INCREASE IN CASH EQuivALENTS 1,902 (16,863)
COMMONWEALTH BANK LIMITED Casu Eaquivacents, BEGINNING OF PERIOD __ 93,543 _ 92,295
ConsouipaATep STATEMENT OF Income Cash Eaquivacents, Enp oF Periop ‘$ 95,445 $ 75,432

(Expressed in B$ ‘000s) (Unaudited)

| COMMONWEALTH BANK LIMITED
| NOTES TO UNAUDITED INTERIM CONSOLIDATED FINANCIAL STATEMENTS
| NINE MONTHS ENDED SEPTEMBER, 30, 2008

9 months ending 9 months ending
September 30, 2008 September 30, 2007
INCOME:
















, (EXPRESSED IN B$ ‘000S) (UNAUDITED) {
Interest income $110,932 $ 96,266 = accounrTING POLICIES .
_Interest expense 37,262 29,651 These consolidated interim’ condensed financial statements have been prepared in accordance with
Net interest income - 73,670 66.615 | International Accounting Standards 34 Interim Financial Reporting. The accounting policies used in the —
Li \ Say : ‘ 4 preparation of the interim financial statements are consistent with those used in the annual financial
oan loss provision (9,105 ) (6,900) _ Statement for the year ended December 31, 2007.
64,565 99,715 | Th lidated fi Ist It lude th ts of C Ith Bank Limited (“the Bank”) and
‘ e consolidated financial statements include the accounts of Commonwea ank Limi e Bank") and |
Life assurance: net ; 4,288 4,060 its wholly owned subsidiary companies. The subsidiaries are Laurentide Insurance and Mortgage Company |
Fees and other income 5,934 Limited, C.B. Securities Ltd. and C.B. Holding Co. Ltd.
75,660" ___. 69,709 a aysiness SEGMENT
; ; fei For management purposes, the Bank including its subsidiaries is organized into two major operating units-
Non-InTEREST EXPENSES: Bank and Real Estate. The following table shows financial information by business segment:
General and administrative 35,334 32,362
Depreciation and amortization 2,110 1,846
Directors’ fees Beets AAO oo. | heat nae aaa io7
arse 34800 | Peeeceermemen EP a ee Pe la
Net INcomE 38,076 35,379 |
Preference Share Dividends (4,462 ) (4,462) | peenkegment | ee fe Sint 8S 38,462. |
: $



DIVIDENDS

33,614 $ 5
The Directors have approved interim quarterly dividends in the amount of 5 cents per common share (2007: f
&

Net Income AvaiLABLe TO Common SHarevotpers © $ 30,917
AvERAGE NumBer of Common SHARES
(Thousands)

Earnincs Per SHare (9 months)

98,204 98,271

$ 0.34

4 cents) and an extraordinary dividend of 6 cents per share. The total dividends paid as of the interim date is
21 cents per share for common shares (2007: 16 cents). The dividends are declared on a quarterly calendar
0.31 basis. The interim financial statements only reflect the dividends accrued for the interim period.
COMPARATIVE FIGURES -DIVIDENDS AND EARNINGS PER SHARE

On October 17, 2007, the shareholders approved a three-for-one split effective November 9, 2007. |
Comparative per share data for 2007 has been restated to recognize the effect of the stock split.


PAGE 14, MONDAY, OCTOBER 20, 2008

LOCALNEWS.

THE TRIBUNE



IN THIS image released by Twentieth Century Fox and Walden
Media, Saoirse Ronan, left, and Harry Treadaway are shown ina
"scene from ‘City of Ember.’

Twentieth Century Fox and Walden Media/AP

Accounts Clerk

NEEDED

A well established Company seeks an Accounts Clerk
with the ability to, but not limited to the following.
duties:













e Maintain Payables System
e Maintenance of Inventory Spreadsheets

e Prepare for and. complete month end inventory
counts

Preparation of bank and other balance sheets
Reconciliations and various general ledger
accounts to sub ledger

¢ Prepare Schedules to assist in External Audits »
Assist in other duties falling within the
Accounts department where necessary













Candidates must possess the following skills:




° Associates Degree in Accounting
© Experience in Reconciliations

¢ Experience in Accounts Payables would be

an asset

Excellent organizational and problem solving
skills”

Proficient in Microsoft Office Products
particularly Excel.

Must be a team player and possess people skills

















All Applications must be submitted by October 31st
2008. .





: a to:

-DA68551
c/o The Tribune





~ MOVIE REVIEW -
By JASON DONALD

CITY OF EMBER
Starring: Bill Murray,
Tim Robbins, Mary Kay
Place, Martin Landau,
Toby Jones, Saoirse Ronan,
Harry Treadaway

THE SCRAMBLE to
adapt children’s book series
for the big screen following
the phenomenal success of the

. Harry Potter franchise hasn’t
been particularly worthwhile.

Some big budget movies
have suffered from being the
obvious first act of a trilogy
or collection, then mediocre
‘box office returns mean those
stories are left forever incom-
plete - the cinematic equiva-
lent of a derelict unfinished
building.

City of Ember, however,
despite. being part of a nifty
series of novels for younger
readers, pretty much works as
a stand-alone story - aided by
an absolute corker of a
premise!

Apocalypse

The film starts in the near
future. An impending apoca-
lypse has prompted the build-

ing of an underground city
(Ember) - big enough for sev-
eral hundred inhabitants. The
city can sustain itself for
around 200 years - enough
time for the Earth to recover
from whatever catastrophe
has affected the surface.

But as generations pass, the
information on how to get out

sell-by-date. The generator

of the place gets lost, until |

eventually Ember is past its 4) ough to stan d proudly on

City of Ember : ,
burns bright on
the big screen

running low, and the inhabi-:
tants - terrified by the idea of
a life in darkness - have no
idea they are IVa under-
ground.

Two enterprising young-
sters, Lina (Ronan) and Doon’
(Treadaway), think they may -
have found something impor-
tant that will lead everyone
out of there, but the current
mayor, played with sinister
charm by Bill Murray, has his ~
own agenda and stands in
their way.

As children’s films go, City -
of Ember is a welcome return
to the intelligent, hand-crafted
movies that seemed to die out
with. the introduction of CGI.

Here we have a story that
doesn’t patronise. younger
viewers and has enough depth
to keep adults engaged.

There are some narrative.
lulls for sure, but the incredi-
ble production design should
be enough to keep everyone’s _
eyes on the screen. Director
Gil Kenan, who helmed
another recent quality release,
Monster House, has created a
living, breathing underground

‘city with stunning detail -

Ember really does feel suffo-

cating with its crowded streets.’

and recycled clutter. This is.

clearly a director with visual.

flair - I can’t wait'to see what”

he does next.
Kenan also has a great cast

at his disposal, and all of them «:

- especially the.two young

leads - leap into their roles:

enthusiastically.
It’s probably too early to tell

if there will be a sequel in the i

works (there are four books. |.

in the series), but City of

Ember jis self-contained |











_ AUTO NO.

2116
2157
2185
2189.
2213
2219
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2250
2257
2265

| 2274
277.

2281
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~All vehicles are sold under bid basis. We reserve the right to

P.O. Box N-3207
Nassau, The Bahamas





val. eM fhe RUD Qa nt

MODEL

2000 - Carnival

(1998 | Altima

2004 | Santa Fe

2000: EN OeontE

1998 Elantra
2001 ~ Cherokee
2003 - . Caravan
2003. .-° .-° Pregio
2000 | ; Delta ©
2005 i Epica
2007 i Durango
2007 © ~~ Camry

2001 Baleno

2002662. Ignis
2001 H-100
2006 Ram
2005 _.. Santa Fe
2003 Impala
1998 —._ Ranger -
2006 — _ Explorer
2002 Ignis

2006 Ram

2005 Santa Fe
2000 3 Explorer :

refuse any or all bids. Vehicles may be viewed at:

_ EAST STREET SOUTH
2 -Nassau, Bahamas
TELEPHONE 356-2109

ifers/Pnquires Contact:
242) 502-6130/502-6132
assaul, Baleamas



Nissan
Hyundai
Hyundai
Hyundai
Jeep

Dodge

Kia
Kia

Chevy
- Dodge

Toyota
Suzuki
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Hyundai
Dodge

Hyundai

Chevy

Ford

Ford |
Suzuki
Dodge
Hyundai
Ford



Duties and Responsibilities



. ies its own. ve s i
which powers the city is prone “Lackiog fhe é importance cacy fl
to frequent black-outs (we can“ of many franchise wannabes, —s_-.

all sympathise..with, that, this ig oe family entertain- we
right?), the food supplies ALC tierit, ck VE trap of

———— ee

Credit Suisse, Nassau Branch |

ds presently considering applications for a.

FACILITIES MANAGER

The position is open to candidates with the following minimum requirements:

Qualifications: —
Minimum of 10 years well rounded facilities or property management experience in an

offshore banking environment

Strong management and leadership skills

Well versed in Bahamian building codes

In- -depth knowledge of contingency planning and project management °

PC Literacy (MS Word, Access, Excel)

Proven track record

i

Serve as the general liaison between the local staff and other Corporate Real Estate & Services
Managers based in New York e.g. Security, Project Management, Engineering as well as the
local Country Management Team

Manage all maintenance contracts, monitor performance and process payments

Facilitaté building maintenance repairs and other minor renovations/reconfiguration projects,
organize and monitor general cleaning of bank’s premises.

Assist Project Management team and business units with space issues, including moves,
changes and minor construction activity; notify staff of local conditions and minor changes that
may affect employees in all occupied space

Arrange all special facilities services e.g. cleaning and overtime HVAC fequests; lida to
Jocal property manager for any and all building related issues

Interface with and coordinate repairs and other issues with property manager; provide local
support for the New York based engineering management team for all engineering related
issues; act as liaison between the land] ord and the engineering department for all landlord
related engineering issues

Manage local resources and vendors in the execution of maintenance contracts, repair work
and project related activities and communicate results or abnormal conditions

Provide on site support during emergency conditions including the communication of

- information regarding cause and remediation of the situation

Perform daily inspections of critical areas and observations of engineering equipment
Coordinate all health and safety issues

Personal Qualities:

- Excellent organizational, interpersonal and communication skills
- A commitment to service excellence
- Ability to work under pressure and with minimum supervision

Benefits provided include:
- . Competitive salary
~ Pension Plan
- Health and Life Insurance

APPLICATIONS MUST BE IN WRITING. .

Persons not meeting the minimum requirements need not apply.

Applications should be submitted to:
Human Resources Department
P.O. Box N-4928
Nassau, Bahamas

DEADLINE: OCTOBER 24, 2008


THE TRIBUNE



STUDENTS at the College
of the Bahamas School of
Nursing and Allied Health
Professions now have the ben-

efit of a simulated laboratory
at the Grosvenor Close cam-
pus thanks to a generous gift
from Rotary International.

The gift of more than
$100,000 in equipment was
made possible by a partner-
ship between Rotary clubs in
the Bahamas and South Flori-
da. It comprises two fully func-
tioning mannequins connected
to computers and several CPR
training mannequins.

The two high-fidelity man-
nequins contain imitation
organs and react realistically
to stimuli giving immediate
feedback for students.

Their breathing, heart rate,
blood pressure and other vital
functions are displayed on a

computer screen. And they »

even have an IV training arm.

Rotarians Barry Rassin and
David Lakin in Nassau, and
Steve Robinson from Orlan-
do, approached Laura
Knowles, former chair of the
School of Nursing, asking to

chool of Nursing receives gift
from Rotary International —

help in an area of greatest
need. Their combined efforts
_led to the single largest gift
that the Rotary International
Foundation World Commu-
nity Service Project has ever
presented in the Bahamas.
Mr Rassin, who is also pres-
ident and CEO of Doctors

'» Hospital said, "We have great

training and great nurses in
the Bahamas, but we want to
make them even better, and
we are looking forward to
working on more projects.”
Orlando Rotarian Mr
Robinson noted that the
Bahamas was a close neigh-
bour, and said "we're very
proud to have participated in
this project. We know this

partnership is going to extend

for many years.”

COB executive vice-presi-
dent for academic affairs
Rhonda Chipman-Johnson
said the simulation equipment
would enhance the delivery of
healthcare education in the
Bahamas. |

"We are not always able to
work on live patients but with
the simulators we will be able










to deal with a variety of actu-
al health situations.

“This is a big step in
strengthening our healthcare
services,” she said.

MONDAY, OCTOBER 20, 2008, PAGE 15:



STEVE Robinson, an:
Orlando Rotarian, and i.
Sarah Eisenbacher,
education specialist at
Laerdal Medical Cor-
poration that pro-

duces the man-

‘nequins during the

nursing simulator
demonstration.



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PAGE 16, MONDAY, OCTOBER 20, 2006



THE BAHAMIAN CONTRAC-
TORS’ ASSOCIATION (BCA),
in conjunction with The Min-
istry of Public Works and
Transport and Bahamas Tech-
nical Vocational Institute, will
host a seminar series for level






one contractors.at BCPOU 2
Hall, Farrington Road, from &
October 23 to November 12. © an
Public Works and Transport | co
Minister Neko-C. Grant _s
announced the seminar series 13
at a press briefing on Thurs- iz
day. He is pictured at the 12
microphone along with Ces
Stephen Wrinkle, BCA presi- B
dent. ° 3S







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Raising standards of —
Bahamian contractors

Seminar series organised by BCA with Public Works
Ministry, Bahamas Technical and Vocational Institute



“The Ministry of
Public Works and
Transport cannot
overemphasise the

importance of
having a highly
skilled workforce in
the construction
industry...”

Neko Grant







herein is subject to change
e U.S. Some Windows Vista

pable.mspx. Windows Vista °

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\

oN

THE TRIBUNE

@ By Kathryn Campbell
Bahamas Information
Services

BAHAMIAN conuwactors
will benefit from an upcom-
ing seminar series organised
by the Bahamian Contrac-
tors’ Association (BCA) in
conjunction with the Min-
istry of Public Works and
Transport and Bahamas
Technical and Vocational
Institute (BT VI).

- The four-part level one
contractors seminar is
designed to provide small
contractors with an opportu-
nity to acquire knowledge

and skills that will improve

the quality of service they ©
offer to the public.

A press conference to
launch the seminar series, to
be sponsored by Albany
Development Company, was
held at the Ministry of Public
Works and Transport on
Thursday. =

The seminar will be held
at BCPOU Hall, Farrington.
Road, from October 13 from ©:
7-9pm. kee

Public Works and Trans- -



‘port Minister Neko Grant

said: “The Ministry of Public ©’
Works and Transport cannot ~
overemphasise the impor- ss
tance ofhavingahighly- =.
skilled workforce inthe con-
struction industry that
employs so many individuals
and is fundamental to the
growth and development of
Our country... hte

- Minister Grant encour-

the construction industry at



embrace the opportunity, —
which will contribute to their
educational and practical



s&s
We

development. :

BCA president Stephen -

‘Wrinkle said this is an initia- &

tive that is bringing together
government, the private sec-.
tor and the Bahamian con-.

_ tractors industry.

“By bringing these three

forces together to put all of
_ our efforts and resources.
into promoting this seminar

series, we are confident that

- the level of contracting in
‘The Bahamas will be raised.

= “We need to get the st n-
dard across to all Bahamian
contractors throughout the
archipelago so that when
consumers build their
homes, they have the assur-
ance that the contractor has
participated in a managerial
and administrative skills
seminar series that will
enable him to properly man- |
age their project,” Wrinkle
explained. : ;

Among topics to be
addressed are contract’

negotiations, estimating, pro-

ject management and con-

tract close-out:
Speakers include Pat Rah- :

ming, architect; Paul Wor-"

rell, quantity surveyor; John ~

Michael Clarke, project 9

manager and Amos Fergu- ~~

son, architect. Certificates

will be awarded at the com-

pletion of the seminars.

The Tribune wants to hear
from people who are
making news in their
neighbourhoods. Perhaps
you are raising funds for a
good cause, campaigning
for improvements in the
area or have won an
award. ,

If so, call us on 322-1986
and share your story.

















By NEIL HARTNELL
Tribune Busine Euit

OCTOBER 2°0.;;

MONDAY,

oa ECT sol B ¢ busines | : SS |
Bahamas ‘extremely $100m plant proposal offers
0 a recession |

_ ‘Looking rather hard? for Bahamas |
to achieve IMF’s predicted one per
cent growth rate for 2008 :

ames Smith

Caribbean. ‘oversupply’
to impact tourism plans

@ By NEIL HARTNELL
_ Tribuné Business Editor

AN oversupply of Caribbean:

hotel roois and lack of Family

Island infrastructure may negate

the minister of tourism’s plans
to revitalise the Bahamian
industry in the short-term, a for-

mer finance minister has.

warned.

James Smith, minister of state.
. for finance, said Vincent Van-
derpool-Wallace’ s strategy to
- effectively market the Bahamas

as a region of islands in its own
right, with each one having its
own brand identity and specific
visitor experiences, seemed to
presume these islands had “the
same infrastructure as

Antigua’.
Mr Smith pointed out that



Family Island infrastructure also
an obstacle, says ex-minister

“many islands are not open for
night flying”, and that they
lacked the necessary Customs
and Immigration facilities and

staff to clear mass tourist.

arrivals. As a result, visitors to
the remoter Family. Islands

would still need to transit -

through Nassau or Freeport.
With the Thanksgiving and
Christmas/New Year holiday
periods likely to provide a key
indicator of how the Bahamian
tourism and hotel industries
were set to fare during the peak
winter season, Mr Smith sug-
gested that the Ministry of

‘Tourism would “immediately '
‘go to Plan B ‘to stimulate

increased demand” if they
turned out to be flat.
“This is happening at a time

in tourism when, even scarier -

to me, is the overbuild of hotels
across the Caribbean,” Mr

Smith told Tribune Business.

“Over 80,000 hotel rooms were
built in the last two years, in
places like the.Dominican
Republic, Puerto Rico and
Jamaica.”

Such an oversupply had not
only increased competition for
the Bahamas from the visitor
choice perspective, but had act-
ed to potentially depress room
rates across the region.

Mr Smith told Tribune Busi-
ness had had met a friend at the
supermarket who. had just
returned from the Dominican
Republic. The friend had told
him that to stimulate demand
during fallow times, hotel oper-

SEE page 7B





_ bune ee “Tn terms of'a
_ recession in the Bahamas, you -



‘However, while this may
lead to “no teal growth” in

to prevent any severe,
depletion. Mr Smith explained

that during economic down-
turns, while foreign currency
inflows might be less, outflows _

were also reduced due to the
fact that import demand from

__ businesses and consumers was
_ substantially reduced.

hink we're in fora a rough

have a perfect storm.”
With the US not generating

rnment’ Ss

fianees were also “under -

attack” due to the un-Budget-

ed social assistance pro-
- grammes it was now embark-'

ing. Fewer imports would also
translate into reduced goyern-
ment. revenues.

“The



try anc eeeeapE ne:

SEE) page 7B

FAST
EASY

vels, by the same.»
token the Bahamian economy
f-correcting mecha-







the necessary tourist arrivals’






s@tribunemedia.net

Confidence For Life



dual energy/waste solutions

@ By NEIL HARTNELL |
Tribune Business Editor

Canada- based
‘waste energy |
provider is propos-
ing to construct a
six-acre New Providence plant
that will convert some 400
tonnes of garbage per day into
21 ‘megawatts (MW) of electri-
‘cal power, an amount equiya-

lent to 5 per cent of BECs cur-. i

rent electrical needs.
Plasco Energy Group, which

submitted the “at least” $100:

million proposal as its response
to the Bahamas Electricity Cor-

. poration’s (BEC) renewable '

“energy request for proposal
_ (RFP) tender, told Tribune
Business that the plant would
help address some of New Prov-
idence’s pressing environmental
needs in-addition to helping
‘develop a, stable, secure ener-
gy supply.

Alisdair McLean, Plasco

~ Energy Group’s vice-president

landfill,

o Canada-based waste energy supplier
_ proposes six-acre site to convert 400.
~ tonnes per day, or 50% of Nassau
~ Jandfill depository, into 21MW and
five per cent of BEC’s supply

* Project could create 55 jobs and be
fully operational within 18 months —

of construction start
-* 25% of EXCESS revenue above annual

yen

target would go back to government
* No incineration or harmful air emissions

of marketing, said in an inter-

view that New Providence’s
off the Tonique |;
Williams-Darling Highway, cur-

- rently handled some 288,000

tonnes of ee per year —“a

little over 800 tonnes a day”.
. Plasco’s proposal, therefore,
would extract value from almost

: - een 8B

- November occupancy forecast 8% below ‘0 07

B By NEIL HARTNELL

Tribune Business Editor

NASSAU/Paradise Island hotels are “still hop-

_Nassau/Paradise Island hotels still hoping to

ing” to exceed.an average 60 per cent occupancy

CONVENIENT

- rate for November, Tribune Business has been
told, with the industry continuing to encounter a
“depressed” business environment after a Sep-
tember that was “one of the.softest on record”.
Frank Comito,.the Bahamas Hotel Associa- -

“Last year,

1

gum (Colina General
jem” Insurance Agency

“hoping to exceed an average o
per cent for November. :

“we ran about a |

beat 60 per cent average occupancy despite
‘one of the softest’ Sey mes on record

Christmas holiday periods likely to Be the fey
indications of how they will fare.

“Our projections right now are to have a soft-
ae er US-Thanksgiving than we did last year, ” Mr
5 this thing,isto-tion's(BHA) exectitive: vice-president, said’ it--Comito told ‘Tribune Business. “But we’re still
-was:still. too early” to determine how strong the
hotel and wider tourism industry’s performance |
would be as they prepared for the peak winter
period, with the upcoming Thanksgiving and

ae rate sh 60



| SEE page e 6B




PAGE 2B, MONDAY, OCTOBER 20, 2008

SES

THE TRIBUNE



By CARA BRENNEN-
BETHEL
Business Reporter

investigating a number of
options to reduce the cost of
government housing and ensure
it can increase home ownership

Kenneth Russell, the minis-
ter responsible, said the Min-

istry was looking at the use of

different technology and mate-

make them more affordable,
“In my humble opinion, an

affordable house is one that can

be purchased by our lowest

said. “I siavs tell people I
would like to see the lady who

serves me. in Burger King be '

able to afford a house: It is one

that takes off all the frills and
includes only the necessities -
for example, one bath instead of
two, gable ends instead of hip
ends, no high ceilings or
garages, fibreglass shingles and

in the Bahamas. rials, and to redesign-homes to income earners,” Mr Russell

THE Ministry of Housing is -


















































ed laundry facilities and basic-
‘size rooms, and as much sfor-
age space as the design will
allow.”

Mr Russell said his plan v was
to design and position these
homes on a lot in such a way

them with little trouble.

He said that, for example, a
two-bedroom home for a young
couple was ideal because it
allows them to get into a home
right away with the intent to
make additions.

“In the future, we intend to
reduce the cost of the tradi-

. tional home by using this
description,” Mr Russell said.

Other plans to reduce the
cost of housing involve replac-
ing the current electrical system
and conduits, and using a mono-
lithic core for floors.

“T am convinced that they can
reduce the cost of construction,
increase energy efficiency
reduce construction time, can
reduce the impact on the envi-
ronment and reduce the chance
of a fire,” Mr Russell said.

He added that other initia-
tives to lower.construction costs

@ By CARA BRENNEN-.

BETHEL

F Business Reporter

Alternative Funds porter
_ CONSERVATION and
energy efficiency will be the top
issues at the eighth annual
Bahamas Home and Building
this coming weekend.

The theme of this year’s show

SYZ & €O Bank & Trust Ltd.
Bayside Executive Park | West Bay Street & Blake Road | P.0. Box N- ee | Nassau —
Contact: Miguel Gonzalez | Tel. +1 242 327 66 33

Member of the SYZ & CO Group: Geneva | Zurich | Lugano | Locarno | London | Luxembourg | Milan | Rome | Salzburg | Nassau | Hong Kohg

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. Intreducing:

_ @Â¥House No. 1
~ 4 Bedroom, 3 1/2 Bath
1949. sq ft. $685,000

« Custom, solid wood cabinets
« Granite or polished concrete
counter tops
+ Stainless appliances incl.
+ Impact resistant windows
« Open plan living area
¢ Walkin closets ©.
¢ Central AC throughout
+ Front and rear porch ©
« Completely landscaped
_ tHouse No. 131 « Gated community
4 Bedroom, 3 1/2 Bath | * 24/7 security
2086, sqft. $685,000 "_ «Club house & pools
-« Tennis courts
_« Homeowners association
_¢ Underground utilities



‘es House No.3
3 Bedroom, 2 1/2 Bath
1470. sq ft. $630,000



x ces House No. 34
4 Bedroom, 3 1/2 Bath
2068. sq ft. $800,000





et House No. 114
3 Bedroom, 31/2 Bath -

1912. sq ft. $745,000

so equpaprentanyepenaronnateeie tenner te pancane eam

Floor plans and house specs available on the website
www.charlottevillebahamas.com/listings.htm



urnkey Homes

in SOUS eht after Charlotteville

SOLD DIRECT TO YOU BY THE HOMES DEVELOPER







Enjoy Charlotteville family living in any one of these
superior homes. Built to the highest standards, with
exceptional finishings, these houses are ready to

move in.



Contact our sales team:

Tel: 242 362 2727 or 242 377 0570
Email:info@yourbahamas.com or
charlotteville@coralwave.com

Web: www.charlottevillebahamas.com/listings.htm

sarod

ASK ABOUT AVAILABLE LOTS AT CHARLOTTEVILLE



see







a roof, only four corners, limit- -

that homebuyers could expand ©

is Going Green, which accord-



Kenneth Russell =



are to use steel homes similar to
steel warehouses.

“You can buy one of these
steel homes - three bed, one
bath - for about $27,000 in the

US, and all you would have to .

do is pour the floor and erect
it,” he explained.

While steel homes -are not
aesthetically pleasing, Mr Rus-
sell said they can be finished
with siding to make them more
attractive.

The Ministry’s immediate

housing priorities-are the islands
of Abaco, New Providence and
Exuma, Mr Russell said.

Builders Show focuses on
energy and conservation

ing to show organizer, Nikitia
Curtis, is a timely topic given
the high cost of utilities and fuel
and the efforts. to preserve the
planet’s environment.

He said that despite the cur-

rent economic climate and an »

apparent lull.in construction,
many persons were still inter-
ested’ in home improvements
and repair.

-o. “J think that despite what is -
' going on in the etoifomy; ped:

ple are still interested in repair-
ing their homes and making
them more energy efficient. So
they are interested in learning
about how they can do this

~. cheaply;” he said.

Mr Curtis said the show has

grown tremendously in the-past:

eight years, and this year’s will
be the largest.

“We were sold out of the ini-
tial booths two weeks ago, and
are now expanding the space to

accommodate more persons |

who are interested in exhibit-
ing. We have truly become the
largest home and builders show

in the Caribbean, and I think |

this is evident by the huce num-
ber of international exhibitors
that we have,” he said.

This year’s show is unique,
Mr Curtis explained, in that it
has a Canadian Pavilion which
will accommodate the 18
exhibitors attending from Cana-
da. They are attending as part
of 2 trade symposium and mis-
sion to the Bahamas; and there
will also be 16 companies from
the US.

“It speaks to our reputation
on the global market,” Mr Cur-
tis said.

‘Coupled with the trade show
will be a series of seminars’ to
assist persons, covering a range
of topics including energy sav-
ings, insurance and finance and
going green — how to conserve
the environment.

The show will be held on
October 25 and 26, from 10am
to 6pm on Saturday, and from
1lam to 6pm on Sunday. The
cost of admittance is $3, with
children being free. All pro-
ceeds from the door will be
donated to the Red Cross fol-
lowing the custom of the show
to donate admission fees to a
local charity.

Mr Curtis added that this.
year, the show will be giving,

away as door prizes vouchers —

to assist persons with their BEC
bills.

The show generally attracts
5,000-6,000 persons over the
two days, and Mr Curtis said
that as usual they are especially
targeting those female home-
owners to attend.

INSIGHT

For the stories

behind the news,
itso it [0/ 4) 4
on Mondays

eer at ed

Po YS Pe or wt te

a OD et

w
4

:


Ihe pmipune

MONDAY, OCTOBER 20, 2008, PAGE 3B:





BEC to submit

report on LNG

this week |

@ By NEIL HARTNELL
Tribune Business Editor

- THE Bahamas Electricity
Corporation (BEC) will this
week submit its report on the
merits of AES Corporation’s
proposal to supply it with liq-
uefied natural gas (LNG) for
power generation.

Kevin Basden, BEC’s gener-
al manager, told Tribune Busi-
- ness: “We are finalizing the
report. It’s just about complete
and will be submitted to the
Government next week.

’ “The report would look at the

overall picture from BEC’s and _

the Bahamas’ perspective. As
it’s from BEC, it will be more
from a technical perspective. It
will include all the technical bits,
operational analysis and eco-

nomic. assessments, all those

kinds of things.”

Mr Basden declined to com-
ment on the report’s findings
and content, saying he wanted

the BEC Board and the Goy-
ernment to see and read it first. .

However, it is likely to
encourage ‘AES that some
movement — however minimal —

is taking place in regard to its.

proposal to supply BEC’s tur-
bines at.the Blue Hills power

plant with LNG from its termi-.
nal at Ocean Cay, a man-made _

~ island. near Bimini.
‘The proposal would involve a
120-mile pipeline from Ocean
. Cay to New Providence, con-
structed at a cost of $150-$200
million, which will be borne by
AES.
Aaron Samson, AES’s man-

. aging director for LNG, had.

said in June that the cost of con-

plier.

- Corporation receives 30
sustainable energy orneeiie



BEC GENERAL MANAGER Kevin Basden...

verting- BEC’s seven to eight

combustion turbines at Blue

Hills to take LNG had been

estimated at between $1-$1.5.
“million each, making a maxi-

mum total of $12 million.

He subsequently said that —

even if the conversion costs
were closer to BEC and the

’Government’s figure of $100

million, this was-still minimal
compared to the potential cost
savings for the electricity sup-

SELATAN ET
sp



Pea eabe te?

Mr Samson had projected
that BEC could save between .
$1.4 billion to $4 billion - $80
million to $210 million per
annum - in fuel costs over'a 15-
year period if it switched to
using LNG, based on two sets
of data for future global oil
prices. |

He added that AES had
offered to pay BEC’s conver-
sion costs itself, yet Tribune
Business understands that the
Government: ‘S.concerns over...

the AES proposal relate to
long-term LNG prices, and
whether they would increase at
the same rate - and reach the
same level - as oil prices as glob-
al demand increased. Such a
development would negate any
advantages from switching BEC
to LNG.

Meanwhile, Mr Basden told

‘Tribune Business that BEC had

received about 30 proposals for
alternative, renewable energy
supply in response to its
Request for Proposal (RFP).
The fields involved were wind,

solar, biomass and ocean kinet- |

ic energy, and BEC’s renewable
energy committee was now
assessing the merits of the dif-
ferent proposals.

' “It’s very important for any
number of reasons,” Mr Bas-

den said of renewable energy. -
“One is the fact that fossil fuels .

have a finite life, and the’ other
aspect is the cost of oil on the
international markets and its
volatility.

“Tt’s also the environment. If
there is less fossil fuel used

thefe’s less emissions, and if.
there’s less oil a smaller amount ~

of foreign reserves have to be
spent on that.

“It’s very important, as we
attempt to change our genera-
tion mix, that we.not rely on
fossil fuels. It’s also important

of OR GneTgy, SOCUTIEY Zens.

RGR AU LET



Developer : signs
agreement for
Mark Knowles

Tennis

A REAL estate developer
_ has signed an agreement with
_ Bahamian tennis professional
Mark Knowles to incorporate .

a Tennis Centre bearing his .

name into his Prospect Ridge-

based Upscale gated commu- c

nity.

iaeon Kinsale, principal ot
.The Balmoral development,
will develop the Mark

Knowles Tennis Centre, com- «
‘prising clay tennis courts, club-

house and pro shop, as one of

the many amenities and‘ser- -
vices offered to Balmoral Club

members.

The Balmoral is an upscale,

gated community comprised
“mainly of town homes and sin-

gle family lots, witha private

members club.as its focal

oint. It i is. 5 desi ed to appeal
E SE male a



Centre

to both’ young ae mature pro-
fessionals. =

The Royal Bank of Canada
-is the financial sponsor for the

project, something Mr Kinsale,

- in a statement, said showed
funding was still available for

credible, qualifying projects or
businesses.

The Balmoral marketing

campaign, including media
advertising and the website

launch, will start towards the
end of October and the official
opening’ will take place the

_ first week in November. :
_ Despite the lack of market-
‘ing so far, Mr Kinsale said

there has already been a‘con-
siderable amount of interest
demonstrated by would-be

~ buyers of homes or by poten-

Bay Club member applicants.



iho ngieh i

COMMONWEALTH OF THE BAHAMAS
IN THE SUPREME COURT “CLEMquiNol 1281
COMMON LAW AND OU DIVISION |
- NOTICE OTICE |
The Quietin Titles Act 1959

The Petition in The Estate of the late Margaret V. Campbell in respect of:- ;

Banwnan Conmeacrons’Assocuon

THE BAHAMIAN CONTRACTORS’ ASSOCIATION
In Association with

THE MINISTRY OF WORKS & BIVI



Proudly. Presents
THE

ees 1 “SEMINAR SERIES”

~ BCPOU HALL

FARRINGTON ROAD

ALL THAT piece or parcel of land situated in the Eastern District of the Island of New
Providence, one of the Islands of the Commonwealth of The Bahamas containing Five
thousand and Eighty-eight (5,088) square feet being bounded on the NORTH by land
owned by Doris Smith and running Eighty two and fifty three hundredths (82.53) feet

on the EAST by.land owned by Anthony and Helen Carroll and running thereon Sixty-: )
eight and Seventeen hundredths (68.17) feet on the SOUTH by land owned by Faye
Ramsey and running thereon Eighty hundredths and Fifty seven (80.57) hundredths
feet and on the WEST by Fowler Street and sunt thereon Hits seven jana Two
hundredths: (57.02) feet.

LECTURE #1: CONTRACT NEGOTIATION
Job Sourcing, Project Pre-Qualification
Contract Documentation
Bidding & Contract Negotiation

Speaker: PAT RAHMING (Architect)
Thursday, October 23rd, 2008 — Time:

The Petitioner claim to be the owner in fee simple estate in possession of the parcel
of land hereinbefore described and free from encumbrances. The Petitioner has made
application to the Supreme Court of the Commonwealth of The Bahamas under Section
3 of The feng Titles Act, 1959 to have their title to the said land investigated.

7.-- 9 p.m

LECTURE #2: ESTIMATING

Schedule of Values
Sub-Contractors

Project Take-Off,
Bid Qualifications,
PAUL WORRELL (Quantity Surveyor)

October 30th, 2008 — Time: 7-9 p.m.

Copies of the file plan may be inspected during normal hours at:-

oe oe 1. The Registry of The Supreme Court; and

Thursday,

2. The Chambers of Messrs. Ferreira & Company #38 Kemp Building , East
Street, North. .

LECTURE #3 PROJECT MANAGEMENT
Monthly Valuations, Change Orders.
Schedules, Sub-Contractor Management

JOHN MICHAEL CLARKE
November 6th; 2008

NOTICE IS HEREBY GIVEN tthat any person having dower or right to dower or
any adverse claim or a claim not Tecognized i in the Petition shall before the 29th day
of November, A. D., 2008 file in the Supreme Court and serve on the Petitioner or the
undersigned a Statement of such claim I the prescribed form, verified by an Affidavit
to be filed therewith. Failure of any such person to file and serve a Statement of such
claim on or before the 29thday.of November A. D., 2008 will operate as.a bar to such

(Project Manager)
- Time: 7-9 p.m.

Speaker:
Thursday,

LECTURE #4 CONTRACT CLOSE-OUT

Certificate of Occupancy, Punch List, Final Payment,

LARRY TRECO
November 13th,

(General Contractor) claim.

2008 - Time: 7-9 p.m.

Speaker:
Thursday, .
FERREIRA & COMPANY
Chambers
#38 Kemp Building
East Street North
Nassau, The Bahamas

Seminar Series sponsoredAKBANY DEVELOPMENT

BCA “CERTIFICATE OF COMPLETION” AT END OF SEMINAR SERIE$

FOR EARLY REGISTRATION & INFORMATION CALL:
BCA — TEL: 502-6329 or 325-5363
MINISTRY OF WORKS - TEL: 322-4830
DYKTON MECHANICAL CO. LTD. (DMC) 356-9296 or 356-9738





a
| RESPONSIBILITIES





PAGE 4B, MONDAY, OCTOBER 20, 2008

THE TRIBUNE





THE Nominations Commit-
tee for this year's Financial Ser-
vices Industry Excellence
Awards has submitted its slate
of approved nominees to the
2008 Blue Ribbon Panel,

They are:
Achiever of the Year *



MAAN Gta

"EMPLOYMENT OPPORTUNITY
‘HEAD ENGINEER

Large private estate eee seeking a ‘Head Engineer capable © of
effectively managing the estate. Candidate must have certification/
experience in. engineering and be able to maintain all equipment on the
estate. Previous experience working with large private estate, small luxury
hotel or embassy essential. Applications and resumes should include
reference from previous three: employers. Send resume, certificates and
references to.





{







a HEAD ENGINEER
P.O. BOX N-7776 (SLOT 193)
NASSAU, BAHAMAS





ok ding retailer is decking sppheaucks for the position as
_BOOKKBEPER/ ASSISTANT ACCOUNTANT

REQUIREMENTS
Pep licaats should possess the following:

. Expetience i in the field of oes or Bookkeeping
An energetic petsonality =.

Strong Interpersonal Skills

Good Organizational Skills

Computer Literacy (Microsoft Office Suite)
Willingness to work flexible hours and weekends
Experience in Payroll preparation, would be an asset

The successful candidate will be - ‘tesponsible for properly preparing cheques,

maintaining genetal ledger with QuickBooks, Bank teconciliation, payment of salary

maintain and reconcile current payable and receivable Hebngs, reconciling credit cards
* pes goers a queries. ;

REMUNERATION
We offer in return an excellent remuneration package, inclusive of medical and life
insurance.

Interested persons ride ae your resume to:
The Human Resources Manager
P. O. Box N-623
Fax: (242) 322 - - 6607

Email: Ete

i Cerri fivcestion

All alcoholic beverage servers agree:
oY comes first.

hia the L. A. $. E.R Pigsranime an Alcohol. Safety Programme

designed to bring awareness and much-needed positive action to the
subject of responsible service and use of alcoholic beverages. Bartenders,
Waiters, Waitresses, Bar-Backs, Retail Sellers, Bar Owners, Managers
and person seeking promising careers in these key areas get your Alcohol
Server Certification today: all persons involved with serving alcoholic
beverages have a pressing need to ensure their customers safety. The
L.A.S.E.R programme teaches you how to Assess your Customers,
Prevent DUIs and underage drinking, Laws and Enforcement
Practices, Sanitation and Safety, mespensible Alcohol Service,
E.A.R Method and more..

Earn a resins feiedential Increase your earning power, Increase
recognition and respect as a leading professional while promoting
responsible alcohol service and consumption. Certification is approved
by the Ministry of Education of The Bahamas. Interested persons should
enroll now. Classes begin November 10th 2008.

Alcohol Servers Certification

‘ National Casino & Bartending School
Joe Farrington Rd. Phone: 324-2311
_ Email: natcasinobs@ yahoo.com

e Racquel D. Kerr-Johnson,

ABIFS accounting and report-
ing specialist
UBS Trustees (Bahamas)

° Marietta Ametia Russell
computer operator, data centre

Bank of the Bahamas: Inter-
national

Professional of the Year

e Francia Arscott, staff
accountant

Arner Bank & Trust

e Ophira L. Bodie, head of

back office
GEM. Global Equities Man-
agement S.A.

. © Kathryn. Feder, location
head credit risk control
“UBS (Bahamas)

e Jillian J. Ferreira, project

‘manager/senior network admin-

istrator i
Bank of the Bahamas Inter-
national

'e Jacqueline N. Hunt, CPA,

V. P. and head of compliance

Pictet Bank & Trust

° Keiko Kawaguchi- Fleming,
programming specialist

Bank of the Bahamas Inter-»

national:

e Berthia E. Knowles, assis-
tant branch manager, credit

Bank of the Bahamas Inter-
national

¢ Jan Marie Whyms, ACIB,
senior trust. relationship man-
ager

SG Hambros Bank & Trust

Executive of the Year
e Sharon Ena Brown, man-
aging director

FirstCaribbean International
- Bank (Bahamas)

e Beverley Farquharson,

ABIES, deputy managing direc-

tor-operational
Bank of the Bahamas Inter-
national ©

e Dorothy Hilton, director,

trust and fiduciary services”
8G Hambros Bank & Trust

° anya C. McCartney, man-
aging director
RBC FINCO.

e Toby Smith, managing
director

GEM Global Equities Man-
abement S:A,

Financial Services
Development and
Promotion Award

e Bahamas First - First.

Response initiative

e Fidelity Bank (Bahamas) -

NOTICE

NOTICE is hereby given that HERVENS JEAN- JACQUES
of BLUE HILL ESTATES OF NASSAU, BAHAMAS is
applying to the Minister responsible for Nationality and
Citizenship,

for registration/naturalization as. a_ citizen

of The Bahamas, and that any person who: knows any »
reason why registration/ naturalization should not be
granted, should send a written and signed statement of
the facts within twenty-eight days from the 18TH day of

OCTOBER 2008 to the Minister responsible for: Nationality} -

and Citizenship, P.O:Box N- 7147, Nassau, Bahamas.

Essay Contest Rules:

« ‘Essay should be 3 to 5 pages, double

spaced, 12 point font

e All submissions must include the entry
form found on www.ecsife.org or at
Sunshine Insurance ’s office at

Sunshine House, Shirley Street

© Allentries are due via email to

ElmiraCollegeSIFE@gmail.com or in

hard copy to Sunshine House no later

than October 22, 2008

e The top 10 finalists will present their es-
say ideas before a panel of judges on

Saturday, November 22 at Sunshine

House

¢ Applicants must have a minimum grade

point average of 2.5 on a 4.0 scale





Financial awards
nominees unveiled

MoneyBack Mortgage initiative

The Bahamas Financial Ser-
vices Board’s (BFSB) chief
executive and executive direc-
tor, Wendy Warren says the
programme, introduced in 2001
as an integral part of the organ-
isation's Financial Centre Focus
(FCF) outreach, is designed to

‘recognise role models in the

industry for outstanding per-
formance and contribution to
the growth and development of
the sector.

' Also to be recognised at the
upcoming Awards Ceremony is

Ruth Millar, former Financial’
Secretary in the Ministry of

Finance, the Recipient of BFS-
B's Lifetime Achievement
Award.

The Tribune wants to hear
from people who are
making news in their
neighbourhoods. Perhaps
you are raising funds for a
good cause, campaigning
for improvements in the
area or have won an
award. -
If so, call us on: 399. 1986
and share your story.



* Total value of scholarships over four years
THE TRIBUNE

@ By RoyalFidelity Capital
Markets

IT was a moderate trading
week in the Bahamian stock
market, with investors trading in
six out of the 24 listed securities.
_Of these five declined, and one
remained unchanged.

EQUITY MARKET

A total of 60,706 shares
changed hands, representing a
significant decline of 59,174
shares, or 49.36 per cent, ver-
sus last week's trading volume
of 119,880 shares.

Commonwealth Bank (CBL)
was volume leader for the sec-





r national Mar

ond consecutive week with
39,257 shares trading, the stock
falling by $0.10 or 1.36 per cent
to close at $7.27. FOCOL
Holdings Company (FCL) fol-
lowed with 13,000 shares trad-
ing, the stock declining by $0.05
to end the week at $5.20. Some
5,000 shares of FirstCaribbean
International Bank (Bahamas)
(CIB) also traded, the price
decreasing by $0.10 or 0.85 per
cent to end the week at $11.60.

J.S. Johnson & Company
(JSJ) was the largest decliner
of the week with a volume of
2,000 shares, dropping by $0.45,

“or.3.93 per cent, to end the

week at $11.45. Cable Bahamas
(CAB) also declined this week,

The Ambassador of
the American _
ba ett) & Nassau

is presently considering applications
for the following position:

CHEF

- This position is open to candidates with the
- following qualifications:

A high school diploma is required. .
_ Training at the Hotel Training College or

equivalent training in the culinary arts.
Three years experience as a Chef.

Personal Attributes:

- Must be able to work shifts and weekends.
- Must be flexible, a quick learner and

_ with 1,200 of its shares trading,

falling by $0.01 to end the week
at $14.14.

BOND MARKET
No notes traded in the local
market this week.

COMPANY NEWS

Earnings Releases

Commonwealth Bank
(CBL) released its unaudited
financial results for the third
quarter ended September 30,
2008..For the first nine months
of the year, CBL reported net
income to common sharehold-
ers of $33.6 million, represent-
ing an increase of $2.7 million or
8.7 per cent in comparison to
the same period in 2007.

‘For the third quarter, CBL
reported net income of $12.1
million compared to $11.7 mil-
lion.in the 2007 third quarter,
an increase of $388,000 or 3.3

per cent. Net interest margins —

were positive, with net interest
income of $25.7 million increas-
ing by $2.2 million or 9.5 per
cent over the 2007 tind as
ter.

CBL's loan loss provision of
$2.9 million increased by
$641,000 or 29 per cent quar-

BUSINESS

ter-over-quarter, with manage-
ment indicating that its aggres-

sive provisioning policies result-

ed in a strong balance sheet.
The bank’s non-interest expens-
es of $13.2 million increased by
$1.3 million or 10.6 per cent
over the 2007 third quarter, due
primarily to higher general and
administrative costs.

For the first nine months of
2008 earnings per share grew
from $0.31 to $0.34 in compari-
son to the prior year, increas-

_ ing by $0.03 or 9.68 per cent.
'. Despite the worldwide eco-

nomic crisis, CBL reported that
its third quarter results sur-
passed that of the prior year
when the economy was a lot
stronger. ,

CBL’s total assets and liabil-
ities stood at $1.3 billion and
$1.1 billion respectively, com-
pared to $1.2 billion and $978
million at year-end 2007. For
the most recent quarter, CBL

stated that total impaired loans

at 1.4 per cent of its loan port-
folio is well below the industry
average.

CBL also reported that capi-

tal ratios remain well in excess °
- of regulatory requirements, with
total equity exceeding $212 mil-

lion.

t



MONDAY, OCTOBER 20, 2008, PAGE 5B


























YTD PRICE
"CHANGE

3.01%
471%
- -20.50%
0.00%
0.00%
4.64%
- 17.34%
-13,76%
9.52%
20.55%
-49.01%
“17.87%
11.94%
10.57%
- -48.05%
0.39%
0.00%
-734%
13.10%
0.00%

preferred shares
cent, payable

NOTICE is hereby given that NEW HOLDING
COMPANY LIMITED, a company incorporated

under The Companies Act, has on the 2nd day of
October, 2008 been placed into receivership by the
Supreme Court upon the Ex-Parte Summons filed on
30th September, 2008 and be advised that PHILIP
GALANIS of HLB Galanis Bain has been appointed
the Receiver and Manager of the property and assets of

the company. e Gs

*.





:e
e

*
*

. Nassau Airport

Development Company”

The Nassau Riroort Davelapiient Company. (NAD) is about to embark ona transformation of the
Lynden Pindling Intemational Airport in Nassau, The Bahamas.

‘Stage 1




The design willevoke the spectacular beauty of The Bahamas and theh mission of NADisto operate
the airport to be safe, friendly, clean, efficient and profitable with a local sense of place.

<0 NAD invites interested Contractors and Suppliers to attend a Contractors Briefing to review
impending expansion plans. The airport will be expanded in 3 Sateges over the next. 5 years ang
will generally include:

New US Terminal & Pier 247, 000 sq. ft.;
Approximately 1,000,000 sq ft of new Asphalt Apron;
New parking facilities and roadways;

anode Z

Selective Demolition & Construction of New International Arrivals Terminal and International

Departures Pier 226,000 sq. ft;

Approximately 200,000 sq, ft of Asphalt Apron Rehabilitation;
Removal and rebuilding of existing parking facilities;

a

Stage 3

New Domestic / International Departures Terminal and Domestic Arrivals 112,000 sq. ft;
Approximately 30,000 sq. ft of Asphalt Apron Rehabilitation; and

Minor landside improvements

adaptable to change. Other components of the project include:

» Demolition
Applicants must be Bahamian citizens or » Landscaping

USS. citizens who are eligible foremployment | fj | - Apron Drive Bridges
under Bahamian laws and regulations. > Elevators and Escalators
- Baggage and Building Systems






Please submit resume and three references
via e-mail fernanderra@state.gov
addressed to the Human Resources Office
no later than Friday, October 24, 2008.

construction, safety/security and environmental requirements fo



Telephone calls will not be accepted in | Es

reference to this advertisement. ‘
We look forward to seeing you there.








|» PAGE 6B, MONDAY, OCTOBER 20, 2008

ine pes

na eipargeatee et ar tote Wa

Sete She ree














_ FROM page 1B

69.2 per cent average Occupan- »

cy rate for November for the
Nassau/Paradise Island resorts.
This year, it was forecast at
about 61 per cent a month ago.”

That would still leave the
Nassau/Paradise Island hotel
industry more than 8 per cent
down on average occupancy
performance compared to
November 2007, although some
properties are likely to fare bet-
ter than others. Mr, Comito,
though, attached a health warn-
ing to the November prediction,
which includes the Thanksgiv-
ing holiday period.

He explained that the hotel
industry had “been in a pattern
for the last couple of years now
of last-minute bookings” from

- its clients.

With some travellers waiting
as late as a week before book-
ing their Bahamas vacation, it
was highly difficult for resorts to
‘forecast their economic perfor-

mance in advance, meaning that ..

November could turn out better

- than forecast at the last minute.

~

programme.




Ss

give it up.

my all,

guess loving it.

| joined the program back in 1995
because it was something that | saw that
could he a fot of fun and challenging.

To this day J am still involved in the program
_ but this time as a volunteer,
{ volunteered to give back to the programme
so that other young people can. enjoy some
of the same experiences and .
opportunities that | was afforded through the

es ‘Time,

it's Time... To Get The Aviaral
y oak 326-1 760/41 |

‘November occupancy

Apart from the uncertainties
caused by the US economic
downturn and stock market
meltdown, another issue poten-
tially impacting American trav-
eller psychology was the forth-
coming presidential election,
which will be over come the
Thanksgiving and Christmas
periods.

Those two holidays mark the
start of the winter season for
the Bahamian tourism industry.
Once the Christmas/New Year
period is over, a short and slight
lull is traditionally experienced,
with the bumper months for the

_ hotels being the February-April

period inclusive of Easter.
“Certainly, this is peak period
for us, and we are hopeful we

. will generate a good level of

activity,” Mr Comito said of the
winter period. “The challenge

for us is to sustain that activity.

over the whole. winter/Spring

season. It’s still too early to get .

a read on what kind of activity
we’re going to generate.”

The Bahamian resort industry
is hoping that with the US pres-

‘idential election out of the way,

the worst of the fallout from the

i guess | didn't really yoluntéared: i just did what |
had to do and like the trooper that fam, | give it

NOTICE

‘¢ Tim
gs Time,

Hi, fam Terez Rolle, a Governor-General's Youth Award Bronze,

Silver and Gold recipient;
is Math Teacher, C.V. Bethel High Schaal

House Coordinator and ¥ d Coord

@

Hi, Lam Donna Saunders, St. Aliguetne: $ College school nurse e and
Governor-General's Youth Award unit leader.

My $0n Dontae,.a somewhatreluctant 9
participant, had just finished his gold qualifying _
expedition to St. Vineent so i knew a litte bit about
the Award and decided that 1 could not let the
program die so | took over after the leader had te



So here Lam, ENTRENCHED in this program that | fell into, and

- the tourism calendar:

me Sst

credit/liquidity crunch, stock
market crash and economic
downturn will be over, and
Americans — who make up
almost 85 per cent of the
Bahamas’ visitor base — will
start travelling again, aided in
part by an almost-50 per cent
fall in global oil prices. That, it is
hoped, will have the knock-on
impact of reducing air fares and
enhancing disposable income.

Mr Comito said the hotel
industry and Ministry of
Tourism were “trying to work
with the airlines to create a
more competitive fare struc-
ture” and reduce airlift costs
coming into the Bahamas.

Such moves had already
induced Jet Blue to unveil a
new twice daily service to Nas-
sau from Fort Lauderdale; and
a once-daily service from Orlan-
do, both beginning on Febru-
ary 1, 2009.

“There are other discussions -.

ongoing,” Mr Comito said.
“Hopetully, these things will
bear fruit.” However, he added
of September 2008, which is tra-
ditionally the slowest month in
“It’s one
of the softest on record. It'll
likely go down as the softest on
record.”

Robert Sands, Baha Mar’s
senior vice-president of public



























The pam of tains -Term Benefits and Assistance | in New Providence for October 2008

will be made as follows:

i) On Tuesday, October 24, 2008 , for pensioners whose funds are legosited to their

bank accounts, and —

ii) Beginning Thursday, October 23, 2008 _at the Board's Fox Hill, Wulff Road and
Jumbey Village Local Offices. Cheques may be collected from these offices between
the hours of 9:00 a. m. and 4: 00 p.m.

Pensioners and/or their representatives are peated to ee proper identification in
order to cone their ees

@

Acceptable forms of identification for Pensioners are the National Insurance Registration
Card, together with any one of the following:
1. A Passport;
2. A Voter's Card; or
3. Any other document which establishes, conclusively, the identity of the claimant.

Where the Pensioner is sending a Representative to collect his/her cheque, the Repre-
sentative should present an Authorization Form, completed by the Pensioner, or a letter
from the Pensioner authorizing the Board to release his/her cheque. Additionally, the
Representative should present any one of the above-listed items to identify himself/her-
self. Cheques will not be released to Representatives who fail to provide satisfactory iden-

tifying documents,

Please Note:

Pensioners born in October and April are now due for Verification.

Failure to be verified on-time, will result in the suspension of payments.

and governmental affairs, said
occupancy rates at the compa-
ny’s two Cable Beach proper-
ties were fluctuating between
the “high 30s and low 40s” in
percentage terms.

Usually at this time of year,
their occupancy percentages
were “as high as 10 points high-
er or even higher”, another indi-
cation of how the Bahamian
resort industry has been impact-
ed by external events.

“Business is still looking very
depressed,” Mr Sands said.
“Certainly, for the rest of Octo-
ber and advance bookings for
the rest of the year, it’s very
slow. The phones are not ring-
ing at all.”

The main issue, the Baha Mar
executive said, was US con-
sumer confidence, which

‘according to reports on Friday

had suffered its biggest plunge

for decades during the month .

of October as stock market
wealth was also eroded.
Until US consumer confi-

-now all

dence was restored, Mr Sands

said the Bahamian hotel indus- .

iry would continue to suffer
and, as a-result, needed to do

something “creative” to try and

regain the growth momentum.
Bah Mar’s staff, who total

almost 1,900 between the Sher-

aton and Wyndham resorts, are

work weeks “across :the board”,
much like their colleagues at
other properties. Workers at
Kerzner International’s Mari-
na Village have also been on
two and three-day work weeks

_ by many tenants aoe it is

understood..

“Tt’s very difficult to say what
the future will bring.. There’s
tremendous uncertainty,”
Sands told Tribune Business.

“We remain very dedicated to .
doing our best to generate as

much business as we can, and
provide the service necessary
to the guests we have.”

While occupancy levels |

achieved over the Thanksgiv-

two and. three-day —

Mr

“THE TRIBUNE.

ing and Christmas holiday peti- . _
ods were likely to “give an indi- .-
cation generally of how the |
- business environment is”, espe-
cially when measured against

prior year comparatives, Mr
Sands said they were “two par-

ticular time periods” and could:
not be used’ as measurements. ©

of how the industry’s full Winter
season would pan. out.

Mr Comito ‘added: “Every
one of us has to sell the
Bahamas with great due dili-
gence. Every one of us, wher-

éver we are in the chain of the :
"visitor experience, has to offer
the best type of service and be |
as efficient as we can regardless

of our position.

.. “Tt’s every one of us, whether
it’s the. people working at the

airport ensuring a good arrival

and departure experience, Or »
whether it’s people. working in .
the banks and the supermar- ©
-kets. Visitors are watching how -

we interact with each other, as -

well as them.”

A leading jewellery retailer is seeking a person for this senior position.

Store Manager

The successful candidates will be responsible ‘for ensuring sales. and a
optimized through excellent customer service and’ proper maintenance o inyentory

controls according to established company. procedures. :

The ideal candidate should possess:

rofits are ~

Integrity, Energetic motivational skills and Assertiveness

A minimum of 5 years management experience in: the Jewellery water and

-luxury goods sectors

Strong knowledge of Nacury watches, buying, merchandising, selling.

and repairs.

Ability to manage, train and motivate staff

An eye for detail.

‘Good educational background. Protessionel, ualitication (GIA: or.
equivaleny or suitable work experience would be an asset.
Proven skills in inventory monegenient Merchandising, marketing

and training

Ability to prepare basic accounts, budgets and eselet with

external audits.

Ability to prepare, maintain, ‘and. update operating ihenuals and":

proces ures.

trong knowledge of computers and administration.

Ability to prepare matters for senior manag efrjert and lead

discussions.

The position offers an fiexcellant remuneration A and bensiits ‘package.
Interested person should submit your resume to:

The Human Resources Manoger. :

. Box N-
Nassau, Bahamas
Fax. Gas 926-427



THE DEPARTMENT OF ST: ATISTICS |
AVERAGE QUARTERLY PRICES FOR SELECTED ITEMS; NEW PROVIDENCE:

Sweet peppers
Lettuce
Roast beef

Fresh and frozen
chicken parts
Conch

Ground beef

Liquid and other
| fuels



HIGHLIGHTS

1 ib

SELECTED QUARTERS a ~ 2008

Th
ib

~ Ti

_ The price for fresh and frozen chicken parts has been steadily increasing over the
past three years. Between the third quarters of 2006 and 2007, the price increased .
5% with a further increase of 14% between the periods of 2007 and 2008.

The cost of conch, a local delicacy, increased 17% over the recognized quarters of

2006 to 2008.

Sweet peppers come in a variety of colors and shapes. During the third quarters of
2006 to 2007, the price for this item decreased 0.5%; however, during 2007 to
2008, the price escalated by 41%.

Visit the Department Of Statistics on the world wide web @ statistics, bahamas.gov.bs

































ee MONDAY, OCTOBER 20, 2008, PAGE 7




INTERNATIONAL BUSINESS CoO
We. 4s of 2000).

" BRIFFAR LIMITED

Notice is sneteby given ‘that in accordance with, Se




WASHINGTON (AP) — carries j sueh négative weihte.: ‘wot Lazear gaye a slightly more That's ecumethins that cones :
One of President Bush's top Speaking in a broadcast inter- «. specific. time frame, saying it has to decide," he said. "But we 5
economic advisers said Sunday view Sunday from: California, would take "a few months can't Teally think of that as a
that parts of the country proba- the chairman of the White... before we really see a signifi- — stimulus that's going to get the .
bly already are experiencing a House Council. of Economic: cant.impact." economy turned around in the
recession and it could take a Advisers. noted that: national -. "But we've seen impacts “short run." Lazear spoke on
few months before the clogged unemployment stand atiO. dss already, "he said. "What we're CNN's "Late Edition." °
credit system starts working percent. Ed. Lazear: said som seeing is that banks are now agin oe
again, : “parts ‘of the: country, such as’ willing to lend'to one another.

Many analysts predict. ‘the California; have even. higher: -That's a huge plus for the econ-
economy could contract over rates.of people out of work.’ omy bécause thé big problem




B. Fos
* Kor: Conn Lguidnors, Inc:
‘ Liquidator : :









the final three months of this "We are.séeing} what'I think ~ has beén that banks have been
year and in the first 90 days of anyone. would characterize: asian unwilling to trust one another."

2009: That would meet the clas- _ recession in certain parts of: the. Democratic lawmakers plan
sic definition of a recession — country," 'Lazear'said... 0 20.0 2 to consider a postelection stim-






two consecutive quarters of eco- The. White. House and. Con - . ulus package that could cost as
nomic contraction. Some eco- gress hope : a $700 billion'rescue much as. $150 billion. Lazear,
nomic analysts say the sagging plan will inject cash. and. confi-.. said. some of the ideas being
economy already is in recession. dence into the: lending industry proposed, such as road and
The White House has been’ and recharge the economy.’ bridge projects, are too slow. .—

loath to use that word, both | Bush. repeatedly. has:told:the and too focused on one industry
because the technical definition nation that it will take < a while’: i ne give the economy a boost.

has not been met and because it for credit lines to thaw. - a Suny may be Bees ‘policy.

TER eS rm | al sregeas
close’ toa PROCS LOSE | sesions vir beheld fom 9:30 am er ee

ON. IBA Wi alft Road. Sone. Wulff Road at Minnie S










gross : domestic product (GDP)... increase in this nation’s unem-

FROM page 1B :
fs growth, Mr Smi _-Ployment rate. ,
4 for 200 -< Mr. Smith said that “it’s





: adding up” for the Bahamas,

‘ because apart fromthe tourism | |
‘and foreign direct investment

downturns, this nation had also. -

es seen the likes of Bacardi and
a Pepsi-Cola move to close their
on unemployment and the tax “operations, the construction and
structure.” e° real estate sectors were experi-

With the Bahamas heavily ; Danian geen at was... encing their own slowdowns,

rent on the US for its own. _ translatingaate. é d resort workers were on two

econ mic. performance, and... arrivals. an to three-day weeks.












Mr Smith said. “I think we’ve. ”
got to sit down, roll our sleeves
up and conduct some ‘what-if’
analyses. If we lose 10 per cent
of GDP, what will be the impact

‘Seminar Description “
For everyone fom the self plone ae who marks i)



















































ant sailed of shousanil: T he Sepia will gir
a surance hie ig inclusive oS iis ie and.



k annie compl issnes, nil ab °O be aderesied

SPewone interested in n_attending a ‘Semin ar’
should reserve a space by. call ing. the

“Board's Public Relations Departmen
at t 356- 201: ext. ee Re








‘resort and tourism. industry’ Ss
image. ;

““Tt can: work against you,
ecause if you sella $300 room J...
-at:$95 for too long, it becomesa > |
é $25 room,” Mr Smith said.

_ FROM page 1B





are giving
ators there were literally ‘giving. said. For th
away” rooms, with packages for . ae
a “place on the beach” being
priced. as low as $700 for a six-
night stay.

Although the global oil
price’s retreat to below $80, per
barrel would help reduce fuel —
costs and potentially air fares
on routes into the Bahamas, Mr
Smith said that a reduction in
what is essentially the cost of
access or ‘entrance fee’ to this
nation may be offset by other
factors.

“I believe the reduction in air
travel.costs based on proximity

A global leader i in audit, tax and advisory » services

Manager, Restructuring ee is



The Manager will report to the Directors of KPMG Resitucturing 1 td. The role has ba al
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IN THE ESTATE OF VINCENT + YELVERTON

D’ AGUILAR late of “The Eyrie” on, Cable, Beach

in the Western District of the Island of New BARS
~ Providence one of the Islands of the Commorive ee : ee

of The Bahamas. oe








a ‘Deceased,
















NOTICE is hereby given that all persons shale any claim or. demand -
against the above Estate are required to send the same duly certified i in.
writing to the undersigned on or before the: 10" day of November AD. J.
2008 after which date the Executrix of the Estate will proceed to distribut Ape
the assets having regard only to the claims oh which she shall then have |

had notice. oi





















f “Applicants must be a univer: sity eatin and a member of a tecognized accouttan r

| addition to holding a minimum of five to seven years relevant work experience, with: pre
more of those in a restructuring role at a comparable level. This position requires attention to detail, strong:
“| financial and writing skills, the ability to work at one's own initiative, and the ability: to. Meet ot tigh
ee deadlines. Er ; o2 e eey one






AND NOTICE is hereby also given that all persons indebted to the’:
said Estate are requested to make full Seilemeat ay on or before the date.
hereinbefore mentioned,

ALLANJ. BENJAMIN
Chambers
Aurora House. *-
Dowdeswell Street & Dunmore Lane.
, P.O. Box N-102.
Nassau, Bahamas






KPMG offers a core compensation and benefits package inclusive of f medical and pension plans.





: Aye WE Re Mi aside egg be 1 ia hae Rac Pee 2p
Applicants should submit.a cover letter, resume, a copy of their degree and professional certifications ond a copy of theit transcripts to: keg
Human Resources Manager, P.O, Box elas: Nassau, Bahamas or jalighthourne® kom g.com.bs.n Frid ;




AUDIT « TAX * AO





Attorney for the Executrix :
s ‘ ; © 2008, KPMG, a Bahamas partnership, and a member firm of iis @ KPMG detvlark of independent member, firms affiliated with KPMG International, a
Swiss coaperative. All rights reserved. he.
* dee:

; ost Nome:

Soci












” By Order of ©
"Phe Bahamas Devel paiieit Bank

Cable Beach, Nassau, The: Bahamas
Commonwealth of The Bahamias

L G STUBBS WILL SELL

- schedule below: poh Bee Pad

FROM page Be












ply. and its consumers, pl
ees ‘environment...











3 PottersCay |












'|'94? Steel Hull Gulf Coast Shrimp Trawler

there.”
1980 with two oe)" olyo Diesel ngine Hs

Sweet Charlotte Ovwnier Possession,




















“any transmission issues would
. be minimized. :



“ running; it. ‘will employ 54-55
# people,” Mr McLean Said.
“Those ate going to be good,



| TERMS: *-ALL it ems to be Sold Where is As Is for Cash, Cashier’ Check or ‘clirent Bank Chiatantee Letter

‘1 Purchase will ‘not be released until paid for in full not later than 4:00pm Tuesday, November 4th, 2008. Where
a adept is required, the same is rion refundable. If final becsata is not nade ce 4 poe: teeis November pee
4, 2008 aly and I ce made will ie et oe earaetcrs




are going to be college-educat-







or: Jower-skilled. workers, such

An and all sonnet the: ‘parbage when it










4 at! ‘com
Sect The goal i is ; that ‘they would

‘all be [Bahamian]. ‘It’s a matter























oe ‘ ae (242) 327-5780/ 702-5730/702-87 ta
TON ae Or ka aur 702- $730 email: BahansDeroprentank.com
Sees ses LG. LG. STUBBS: th agen . them.”

rk’ with,

“Fist Nome:
‘Title: ~ ibe
Work: -
“PO. fox ee sue









Company:
- lee # # Home:





Hse Hane:

PRUE RIE 1d (ed Bk oo ne kk ee

fat rv yar irra)

502 2384
RG

let 1s he the

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SPO ans

RY OF THE TRIBUNE AND WAKE uP TO THE BEST NEWSPAPER FOR you
! 7 |

“|

6 MONTSS



. ‘50. pet cent: of the ‘aaa and; sa Boe me We'll build, own and oper-

“ate it, so fno capital investment is.,
required. by the Bahamas. We ©
‘will raise the capital to build the
> plant,” Mir: McLean explained,
“telling Tribune Business that

oe What we am ‘propose d to BE cfs Energy Group would ©

ey is to build a. plant. with, he

> tonnes of: capacity, so-that. anet..* seater contracts - supplying
21 IVEW of power” is generated, .

at “Mr McLéan told Tribune Busi- «

moe yearly garbage depository. at the -
} «landfill by: converting ‘it itito
ft energy. without incinerating | it-.
- “a win-win for both energy sup. :

Shabak “potters Cay ae oe ital s 8 Per eee of the

i Te : ; Dipace initial capacity o
“ im : ee eae ete Liminos eo ues Coat Haste “Ht yon. think about it, from:
: Pebble od . the power perspective, that’s 5
| 1979 -.52’ Hatteras: Fibre Glass Vessel \M.Y. Buddy: ~ Arawak Cay per cent of the power base load.
1980 -! 47’Garcia > Miss Quality . Potters Cay It [the Plasco plant], and is not:
| 1981 +:51’ Defender Vessel ~ » >. Equality _ Owner/Andros dependent on ‘wind or sun, We
80’ Custom Steel Hull Vessel “Lady, Kristy Owner: Possession . could build at the landfill and

connect to the distribution grid i

He added ‘that. the plant’ s. ase

: ‘Morgan Bluff “acre spatial needs were “very
es is ile at Andros’ “small for. a-power. produce
Seat eas Ss nye cr Ag.” and the easy potential connec-

122 Single Screw s Stee Hl 038 ; - Ny. Lisa ut aoe. Marine TH’ tion to BEC’s distribution grid
“ : tar eR hits ee “close to the Jandfill site meant |

“Once the, plant. is: up aed ,

“well-paid jobs. Most of them ~

-ed.— steam engineers, power —
be engineers, plant managers.”
There ‘will also be a few. jobs.

of.finiding and. training ‘people. -
‘Hopefully, the college’ in the.
~ Bahamas is’ ‘producing. gradu:

‘ates from the technical’ pro-
grammes, s so we can work with :

fo. if BEC selected the Plasco :
" Enerey roa plan as one of»

PAGE 8B, MONDAY, OCTOBER 20, 2008

THE TRIBUNE



generate its income from two

_ BEC with electricity and charg-
Dg. B. tipping | fee for the garbage i
fs disposal.

Yet Mr ‘McLean: said that as

. part of those contracts, if the.
: New Providence plant exceeded.
“its annual revenue targets, ‘a
-quarter or.25 per cent of the
‘amount over target would be
_ given back to the Bahamas gov-

ernment as part of Plasco’s bid.

‘Money |

; “The more money we make, -
» the more goes back to govern-
- ment,” Mr McLean explained.

“Once we-have environmental
permission and all the other

_ permits to get going, we could
“have the plant starting opera-
tions in about a year [after con-

struction begins], and after

about 18 months it will be in.
‘full operation. _.

“It’s very quick, because of

“the modular design we have.
We don’t have to scale it down,
‘scale it up. or anything.” With.

technology at its Ottawa plant
designed to convert 100 tonnes

.. of garbage per day, Plasco sim-
-/ply had to replicate that system
‘four times: for its Bahamian pro-

ject. - 5
"Plasco Energy Group has

been in the biomass/waste ener-

gy conversion business for. more

than 25 years, having started its
‘research and development
(R&D) arm in. Canada in 1982-
83 and then Subsequently, mov-
‘ing it to Spain. Its prototype
~ plant, capable of converting 100 ©
-fonnes of garbage into:1. 2MW_
of electricity per day, ‘began
Operating in Ottawa i in, autumn 2
2007." "secure, stable, safe energy...
“Mr Mclean ‘pointed: out that oe
sco’s technology. produced.
ther Valuable produicts besides
réen: of ‘clean’ electricity: He. ©.
said studies had'shown that one:
“tone of municipal. Canadian
waste ‘could. produce. 300 litres
‘of potable: quality water; seven -
“to.15 kilograms ‘of recovered
“metal: ‘five to 10 kilograms of
-commercial salt; and: 150 kilo-
grams of slag or construction
aggregate,

_ Inthe Bahamian context, the
water would ease the pressure
on'the water table and Andros

wellfields and help solve a

perennial problem for this

. nation, while the aggregate
‘could be sold to construction:

firms, The salt and metals could
also be resold commercially as
‘well. Overall, some 99.8 per

cent of that one tonne of Cana-:
dian waste could be recycled.

Mr McLean explained that
Plasco’s system used “front-end
separation” to recover materials
‘such.as metals for recycling,
then relied on its’ plasma tech-
nology to convert and break

down household garbage select

ed for energy conversion into
the steam and heat that drove

*- the electricity turbines.

“We take the garbage and

_ produce: products without any
‘air: emissions at all,’ 2 Mr










| ‘pamistRy 0 OF LABOUR AND SOCIAL DEVELOPMENT

THE PRICE CONTROL ACT 971)
JS + (CHAPTER 339)

THE PRICE CONTROL (GENERAL) CMENTIMENT)
; (NO. 37) PESULATONS

P The s publi is hereby vised that effective . Monday, |
“. 20th October, 2008, the Henourable Minister of
: Labour and Social Development has approved prices
- for the following breadbasket commodities:







‘NOTICE

1. Flour
2. Magarine
3. Mayonnaise’

PERMANENT SECRETARY

$100m plant proposal
_ offers dual energy,
_ waste solutions

: Mr. McLean said. the company
. was prepared to invest “over
10) mon) ini reapital’” into the:

McLean explaindd “We are not

an incinerator. An incinerator

‘takes the garbage and burns it

to create heat, to create steam —
and to run electricity. We’ re.
completely different.” r
Garbage incineration, Mr
McLean. ‘said, produced
methane gas. This was poten-

tially harmful for the Bahamian
and world erivironment, as stud- .
‘jes had shiown that methane had

22-23 times’ carbon dioxide’s. .

‘potential to further: global oa

warming.
And fie added that burning
one tonne of waste would also.

‘ send 1.5. tonnes of carbon diox-

ide into the Earth’s atmosphere, ris

_ - too.

Mr. McLean pledged ‘that ;
wherever Plasco operated, it

would “meet the most stringent

air emission standards in the

- world. Whatever jurisdiction

has got the most stringent, we'll
meet or better it.

“One of our goals i is to offer
technology that provides the.
best environmental outcome.
We’ve tried to design a system
that can do it. We say: ‘Here’s
what we can do, regulate us at
these limits’.”

Mr McLean said alternative,
renewable energy sources were
“hugely important” for island

“states such as the Bahamas. The ~
-more electricity such sources
. can produce internally for BEC,

the more stable and secure this

~ nation’s energy supply, with the
- Bahamas having greater con-
. trol over energy costs oY

becoming less reliant on ol
imports. -

The Bahamas’ “uiateien

exchange reserves. would also |
_ be protected by less reliance on .
- fossil fuel imports, with BEC
having already projected that it.

will spend about 350 million
in foreign currency on fuel sup-

plies i in 2008. .
_- Of the benefits from Plasco’ S

project, and others, Mr McLean

‘said: “The energy supply is

going to be stable, it’s locally .—
produced, it’s independent of : -
oil prices.-It’s going to be

“It’s-an environmentally

‘sound .way:to. mamiage.waste, — ;

and a way to. extract value from .
waste. sah
He ‘added that the Bahamas

- held the: potential tobecomea_
Centre of Excellence for Ener-
“gy in the Caribbean, as.every
‘nation: Plasco expanded into

was effectively: ‘virgin’ territory ©
for its technology and processes,
requiring the company to create ~

_ training programmes.

.“The potential for ‘change i is
absolutely fantastic,” Mr
McLean said. “Energy and

garbage are two huge issues.

The island nations could be ©
unique markets for us to look
at. There’s an interest in the
type of energy we do, and
there’s interest in what we.do
on the waste side.”

Private investment in Plasco
over the last three years has ©
totalled $90 million. The com-
pany received $9.5 million in
funding from Sustainable
Development Technologies
Canada and.a $4 million loan
from the Ontario Ministry of
Research and Innovation.

Apait from Ottawa, the com-.
pany also has a proposed Los
Angeles plant on the drawing
board, and another 400-tonne

per day project in Alberta,

Canada.


=THE TRIBUNE

@ By DEB RIECHMANN
i Associated Press Writer

CAMP DAVID, Md. (AP)

‘— President Bush, looking for
answers to a global economic
‘emergency with just three
‘months left in office, will host
tan international summit to dis-
ticuss ways to fix the world finan-
' ftial system but warned on Sat-
surday against reforms that
‘threaten capitalism. |
al "We will work to strengthen
band modernize our nations'
financial systems so we can help
mensure that this crisis doesn't
| - .-happen again," Bush said at the
’bCamp David presidential
efetreat. 9

fe Bush, meeting with French

President Nicolas Sarkozy and
gEuropean Commission Presi-
adent Jose Manuel Barroso, did
-hot announce’a date or site for
he summit. But Sarkozy sug-

gested it be held in the shadow

1f Wail Street before the end
Jf November.
i "Insofar as the crisis began
3m New York, then the global
folution must be found to this
fbrisis’ in. New York," Sarkozy
said.

_“ In/a joint statement issued
‘after their slightly more than 2
.4/2-hour visit, the three leadérs
aid they would contact other
@ations next week about hay-
Hing a summit in the United

- .°. States soon after the presiden-
.fial élection, then a series.of

Subsequent summits to address.
he challenges facing the global
Sconomy: Ne
2 The first summit would focus
on progress, being made to

. @ddress the current crisis and
go:

aol arr eyelet

behind the news,
read Insight
PL) dee




world."

"seek agreement on principles
of reform needed to avoid a
repetition of the problems and
assure global prosperity in the
future." Later summits, they
said, would be designed to
implement agreement on spe-
cific steps to be taken to meet
those principles.

Bush has backed the steps

‘ European nations have taken

to fix the financial markets and
is willing to listen to a range of
ideas. from both developed and
developing nations, but he has-
n't signed on to the more ambi-
tious, broad-stroke reforms that
some European leaders have in
mind to avoid a repeat of the
market crisis that rippled
around the globe. © |
Sarkozy has floated the idea
of reforming rating agencies and
even exploring the future of cur-
rency systems. British Prime
Minister Gordon Brown, who
engineered a British bank
bailout that inspired U.S. and:
European rescues, is proposing

tadical changes to the global

capitalist system, including a

- cross-border mechanism to

monitor the world's 30 biggest
financial institutions.
Standing outside on a crisp:
autumn day at the helipad on
the secluded retreat, all three
leaders spoke soberly about
what Bush called a "trying time
for all our nations." Vara
"As we make the regulatory
and institutional changes nec-
essary to avoid a repeat of this.
crisis, it is essential that we pre-
serve the foundations of demo-
cratic capitalism — a commit-

-ment to free markets, free’

enterprise, and free trade,"
Bush said.'"We must resist the
dangerous temptation of eco-
nomic isolationism and continue

‘the policies of open markets,

that have lifted standards of liv- -
ing and helped millions of peo-
ple escape.poverty around the

1

Legal Notice

INTERNATIONAL BUSINESS COMPANIES ACT.
oO eaten) GNOIAS OPBOOO) vial oar dg Ki Senay

2 owhare.

t

nena ¥
KALONG LIMITE

In Voluntary Liquidation

DP Fag Wigitigels Ie

peerea®tesy py aire VED rer veranteryeryy

Dow topped 14,000, investors
have lost $8.3 trillion from pen-
‘sion funds, college savings plans,
401(k)s and other investments.
Congress gave Bush a $700 bil-
lion plan to buy bad assets from
banks and other institutions to
shore up the financial industry.
The crisis has rocked financial
markets across the world,
prompting fears of a worldwide
recession.
"We're dealing with a signif-
icant problem," Bush said, call-
ing for patience to let, rescue
measures take effect. " But the
American people and our
friends around the world can
know that we have confidence
that the measures will work."
Barroso said it was time for
the entire international finan-
cial system to be reformed.
"We need a new global finan-

tion." :
He said he agreed with

Bush's view that reforms not

challenge the foundations of

‘market economics. But he

added: "We cannot continue

-along the same lines because

the same problems will trigger

the same disasters."

He said hedge funds and tax
havens.cannot continue to oper-
ate as they have in the past;
financial institutions cannot con-

tinue without supervisory con-

trol. ihe st
"This is no longer accept-
able," Sarkozy said. "This is no
longer possible. ... This sort of

-capitalism is a betrayal of the
“sort of capitalism we believe
Jin

‘White House deputy press

-secretary Tony Fratto said in a.

telephone call with reporters

that the president wants t

make’sure that reforms do not
. restrict trade, slow:down trade
‘liberalization or impede the
flow of capital between nations.
But he said: "We do need to
‘find ways to increase trans-
" parency and ensure that major

cial order," he said. "The Euro-
pean Union and the U.S., we
can make a difference togeth-
er."
‘Sarkozy also stressed the
urgency of what he said was a
"worldwide. crisis". that
demands a "worldwide solu-

Legal Notice

AL BUSINESS COMPANIES ACT

INTERNATION
(No.45 of 2000):

~ SWIFTCALL HOLDINGS (USA) LIMITED
ay -In Voluntary Liquidation
' “Notice is hereby given that in accordance with Section 137
(4) of the International Business Companies Act (No. 45 of
2000), SWIFTCALL HOLDINGS (USA) LIMITED has
been dissolved and struck off the Register according to the
Certificate of Dissolution issued by the Registrar General on®
the 30th day of September, 2008 ‘ :
>. Graham Milne
14215 Rock Canyon Drive .
Be oth ~- -Centerville
VA 20121
USA
Liquidator





‘economies, in particular, have





















_ “Nolicé is hereby given that in accordance with Section 137.
» (4) 0f the International Business Companies Act (No. 45 of
| 2000), KALONG LIMITED has been dissolved and struck
4 off the Register according to. the Certificate of Dissolution





& SS






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because of the’ breadth of, issties
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ROYAL ISLAND BAHAMAS

piece parcel or lot of land hereinbefore descr
application to the Supreme Court of the Cominior
Bahamas undér Section'3 of the Quieting TitlesAct to
| title to the said piece parcel’ or Lat Of ‘
I nature and extent thereof determined and declare
cate of Title to be granted by thé Court is
provisions of the Act. as,
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Petition shall Withist thirty @0).«
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BISX ALL SHARE INDEX - 19 Dec 02 = 1,000.00
52wk-HI - Highest closing price in last 52 weeks,
52Wwk-Low - Lowest closing price in-last 52 weeks

Previous Close - Rrevious day's weighted price for daily volume
Today's Close - Current day's weighted price for dally volume

Change - Change in closing price from day to day
Dally Vol. - Number of total shares traded today
DIV. $ - Dividends per share paid in the last 12 months

* PIE - Closing price divided by the last 12 month earnings

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Bid S$ - Bu
Ask $ - Se
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RIDAY, TOCTOBER 2 i
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2-SSA-2503 FOR IMO SRN ¥ : t
Close | Today's Close E Nap 2) f i
Abaco Markets : Ted o Tan > we
Bahamas Property Fund 11,80 o.oo '
Bank of Baharnas 2 7.64 9,00 328
Benchmark 0.89 0/0 j
Bahamas Waste 3.49 ) a
Fidelity Bank 2.37 c :
Cable Bahamas 14.14 oO 4
Colina Holdings 2.85 0 f
Commonwealth Bank (S1) m2 ;
Consolidated Water BDRs 2.61 k
Doctor's Hospital 2.77 q
Famguard 8.06 3.06 L
Finco 12.00 1 Te) ,
FirstCaribbean Bank 11.60 11.60. i
Focol (S) 5.20 20 ;
Focol Class B Preference 1.00 1.00 i
Freeport Concrete 0.40 0 40 5
ICD Utilities * 8.20 3.20 '
J. S. Johnson Fs 11.00 17.00 {
VE a chan unnnueinanains 10.00 OOo f
SX LISTED DERT SECURITIFNG -(Ronds trade on j i
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3,5388 — (Fidelity Bahamas G & | Fund 4. OE 2 VU
41.8192 Fidelity Prime Income Fund 42 AAk ie.
100.0000 CFAL Global Bond Fund 100.¢ Shy
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THE TRIBUNE








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MONDAY, OCTOBER 20, 2008





The Tribune

The stories behind the news





LAST OF THE BIG SPENDERS

Financial crisis may change attitudes to money - and life

COLLAPSING
banks, plunging

markets and the worst

credit crunch in living
memory have shaken

‘ the financial world to

the core and left
millions of borrowers
and home-owners in
dire straits. But will
the money crisis
change the reckless -
spending habits of
many Bahamians?
INSIGHT reports...

i By JOHN MARQUIS
Managing Editor

A YOUNG Nassau couple

who gave up their rented home
and. moved back in with their
parents so they could buy a
brand new $36,000 car are far
from alone in their short- -sight-
ed stupidity.

The professional woman who
maxed out her credit to buy.a .
$120,000 supercar ran them
close, as did Billy Bonehead
from over-the-hill who raised a
bank Joan he could ill-afford-to-=
buy a $4,000 set of shiny rims:

‘for his hotrod:

Crazier still are those aio
trudge from bank to bank trying
to raise loans they'll struggle to
repay to spend on fripperies
they can do without. Some fam-
ilies even borrow big large sums

to fund lavish shopping week-

ends in Miami.

Forty years of relative pros-
perity have encouraged
Bahamians to believe the good

“times would roll on for ever-
more. Their “Live now, pay lat-

>

er” philosophy has encouraged
them to ride a rising tide of debt
to the point where possible
insolvency now casts'a huge
shadow over their lives.

In fact, Nassau’s fragile pros-
perity, and its people’s reckless
pursuit of the meretricious, are
very much part of a free-spend-
ing malaise which has infected
the banking world in recent
years, triggering the meltdown
which has now led to a string
of government bailouts.

Distress

Credit has become the curse
of modern life, causing untold
distress'among people who
should know better than to
become hooked on an open-
ended run of rising debt.

A Nassau businessman told
INSIGHT: “There are numer-
ous cases of people going from

bank to bank trying to get loans .

without down payments. I’m
told hundreds of people work-
ing for government get pay slips

‘with zero dollars. All their

income is assigned to make loan
payments. How do they sur-
vive???”

- He said when he worked in
banking, such loose credit terms
were not available. “Managers
could take chances within their
limits to help, but some of these

they don’t need?

ABOVE: Banks crisis — wil it change pape Ss attitude to buying things

RIGHT: A store winilow display at Saks Fifth Ave. catches reflections
Thursday, Oct. 16, 2008 in New York. Saks and other retailers have
toned down their eventing and promotions in light of the

stories of no equity etc raise the
three hairs on my chest.”

Now, with tourism in decline
and many workers on two.and
three-day weeks, incomes are
no longer sufficient to service
borrowings, leaving many fam-
ilies chin-deep in debt with
nowhere to turn..And all indi-
cations are that things will get
worse - far worse - before they
get better,

The Reagan- -Thatcher era of
the 1980s spawned a “greed is

good” philosophy which saw

bankers, stock traders and fund
managers pocketing obscenely
large salaries and bonuses as
credulous clients were encour-
aged to believe that the good
times would never end.

Some banks were lending up
to five times people’s income
to mortgage homes, while
finance companies were, offer-

- ing the kind of easy terms that

lured the weak and impression-
able into unrealistically high
debt with no real regard for
their ability to pay.
Meanwhile, credit card com-
panies - whose villainous activ-
ities have created lives of misery
for millions of young people -
have ruthlessly exploited peo-
ple’s acquisitive nature by
encouraging them to spend way

economic situation.

-beyond their means, then treat-
ing them with ruthless disregard

when reality kicked in.

Tt was obvious even to those
with the most rudimentary
knowledge of finance and the

_ free market that the situation
. could not be allowed to go on. —
“But one of the weaknesses of

capitalism is that its dependence
on risk can lead to a total dis-
engagement from actuality.

Capitalism

Now, having let itself down

‘badly, capitalism is having to go

cap-in-hand to governments
which have been forced to fall
back on socialist remedies.
Overnight, taxpayers have
become shareholders in institu-
tions whose reckless behaviour
has triggered the worst finan-
cial collapse since the great
depression.

It is the most withering indict-
ment, the most blistering con-
demnation, of the free market
in living memory. And it is
almost certain to lead to a new
age of regulation in which
bankers and financiers will have
the lash dropped squarely
across their backs whenever
their avaricious tendencies get

Well-refined.
y designed.

New



the better of them.
In the Bahamas, it. is to be
hoped that these more strait-

ened times will also lead to an’

upsurge in basic fiscal prudence
and sound commonsense.

The stories of senseless
spending in Nassau are legion,
with big employers like Atlantis
actually having to cap their
employees’ reliance on loans by
restricting the percentage of
salaries paid out at source to
creditors.

Young people, in particular,
have developed a sense of enti-

profligacy. And their families

tlement which leads them into
priorities are so skewed. that
they would rather splash out
$5,000 on a single prom night
than the books that might lead
their children. towards a more
fulfilling and less materialistic
future.

One young Bahamian woman
who earns about $30,000 a year
in a government job drives
around in a $40,000 Mercedes
Benz funded by a five-year loan.

By the time she has finished

‘paying for it, the car will have



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Mark Lennihan/AP

cost her significantly more than
the $40,000 price-tag while also
depreciating dramatically as an
asset. In cash terms, she will be
way out of pocket when the
time comes to sell.

“If you asked her why she
bought such a car, which cost
her, even on face value, far
more than a year’s salary, she
would justify it by saying a Mer-
cedes is a good car that will last.

“But that, of course, is BS.
What she is really after is status.

SEE page 4C




PAGE 2C, MONDAY, OCTOBER 20, 2008 . THE TRIBUNE

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THE TRIBUNE

MUNDAY, OC |OBER 2U, ZUU8, PAGE 3U





[pNGS.





FE



I AM happy, and at the
same time sad, to have just
read your article about Mr
Solomon: I’m studying Eng-
lish and writing up at the
University of Florida and my

parents try to send me good.

articles to keep me up to date
with what’s going on back
home, though sometimes. it
takes a while to receive them.

In the last few: years I’ve
become very interested in

learning about our country’s’
long history and those who.

have helped shape it into
what it is today. Interestingly,
though, I never knew who
Mr Solomon was; if I did,
perhaps I learned his name
and forgot it at the same
time. But your article was
very insightful and extremely
interesting.

‘ I love hearing about figures
such as him, as they spark in
me a feeling of hope. What
an interesting character to
have done so much for the
islands over such a long and
important period of time in
our history. My ol’ inan told
me that my grandfather was
close to his family, and that,

with your article, only makes
me wish I was able to know

him. .

Again, it was a very
insightful article - I’m glad to
have learned briefly “about
both sides of the UBP, both
sides of the early: PLP, and
in particular, both sides of

z 4
ti”





Omar floods

“GH: T)



DBACK

Re: Solomon’s wisdom
(Norman Solomon)

Mr Pindling (who I admit, I

haven’t held the greatest .

respect for). And thank you
for a well-written article;
rarely have I read a piece of

‘ such calibre in a Bahamian

paper.
Cheers,
Spencer Higgs

NORMAN SOLOMON
put his life on the line with

his stand against Colombian

drug traffickers in the 1980s.
He was one of the few politi-
cians of my lifetime who
actually had the courage to
stand up and be counted.

H F Dean, Nassau

THANK you again Mr

Marquis for a great Insight
on Norman Solomon. ,
Both you and Mr Solomon

have such a fabulous com-

mand of the English lan-
guage!

~ For those of us who grew.

up in this era your article ran
true to form.

I'll wager that even Gov
ernor Palin would add “golly,
gee wizz, you betcha!!!!”

(Now there’s Presidential
material for. you!)

. Capt. P

NORMAN would have
loved being described as the
“hippie” of Bahamian poli-

oe,

~ the

iomes



tics. You’re right, though, he
was. much smarter than the
rest.

Grace Dean

I READ your article on
Norman Solomon yesterday
with delight. I have fond
memories of several mentors
myself and can empathise

with your sense of loss. Nor- |

man apparently recognised
wordsmithing when he saw
it, and the need for it.
Although it is falling severe-
ly out of fashion these days,
keep the faith and keep‘up
the great work making these
third world politicians actu-
ally accountable — nobody
else seems capable of doing
this.

MW

| FELT I lost a friend with
death of Norman
Solomon. Though I didn’t
know him personally, he was
an easy man to identify with
because he seemed to be
interested in all sections of
society with good intent
towards all men.

Bill, Shirley Street

Re: Sarah Palin
FURTHER to the irre-

sponsible responses to your
Sarah Palin articles, it seems



and

re

lamages crops in Antigua

MST JOHN'S, Antigua

HURRICANE Omar flood-

ed homes and battered crops
on the Caribbean island of
Antigua before it spun north
‘and weakened into a tropical
storm, drifting toward extinc-
tion Friday. over the open
Atlantic, according ta Associ-
ated Press.
' Antiguan Prime Minister
Baldwin Spencer warned of a
produce shortage, saying the
farming community "appears
to have suffered an extensive
loss of crops."

"No one is reported to have’

' perished in this disaster,"

Spencer said late: Thursday,
hours after Omar blew past the
Lesser Antilles islands as a Cat-
egory 3 hurricane. "We are,

nonetheless, faced with a nat- -

ural disaster of serious propor-
tions." : .

The crop damage comes
amid spiraling food prices in
the Caribbean and around the
world. Spencer pledged to
monitor the situation and work
with farmers to meet their
needs.

Omar blew north of the
twin-island nation of Antigua
and Barbuda early ‘Thursday,
-dumping more than 5. inches
(13 centimeters) of rain and
forcing 75 people to seek
refuge in public shelters.

‘The National Office of Dis-
aster Services said rescue teams
evacuated more than 30 peo-
ple from flooded homes that
were submerged under water

Share

your
news

The Tribune wants to es
from people who are

making news in their
neighbourhoods. Perhaps
you are raising funds for a
good cause, campaigning
for improvements in the
area or have won an |
award.

If so, call us on 322- 1986
and share your.story. ?



or had slipped from their foun-
dations.

Omar. Pngcked down trees
and caused some flooding and
minor mudslides on several
Caribbean islands, but all were
spared a direct hit by the storm.

On Friday, Tropical Storm

\PHONES:

Omar was located about 670
miles (1,075. kilometers) south-

east of Bermuda and posed no.

threat to land. It was expected
to dissipate completely over
the next several days, the U.S.
National Hurricane Center in
Miami said.



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NORMAN SOLOMON

selves are now realising their:

error and are desperate to.

paper over the cracks in this
woman’s. knowledge. John

McCain was wrong to allow

himself to be suckered into
the Palin selection, which has
seriously undermined his
credibility as a maker of wise
decisions.

IF John McCain is such a .

great patriot, why would be
ehGoee Palin as his running

mate when he must: know:

there is at least an even
chance that he will not com-

pléte his first term as presi-

dent, if elected? This was not
the action of a forward
thinker.

Greg

BEFORE American vot-
ers enter the polling booths,
they must ask themselves:
Can they really take four, or
maybe even eight years, of
Sarah Palin’s terrible voice?

Alan B (Expat)

Jan B, Nassau

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www.kellysbahamas.com
PAGE 4C, MONDAY, OCTOBER 20, 2008

FROM page one

She wants people to believe she
can afford it because the
approval of others answers her
various insecurities,” an associ-
ate told INSIGHT.

“Bahamians always like to
‘do it big’ whether they can
afford it or not. Their value sys-
tem is such that status symbols
count above everything.”

In the motor trade, generous
credit has led to many.a case of
disillusionment.

Younger car buyers, in par-
ticular, default: within the first
six months, suffering the humil-
iation of repossession anda
massive dent in their credit rat-
ing.

Part of the problem, accord-
ing to social observers, is that
Bahamians ‘have been used to
seeing high-rolling tourists living
it up in Nassau, not realising
that these people have probably
saved for years to be able to
afford their. Bahamas dream
holiday. 5

Another factor was undoubt-
edly the drug trade of the 1980s
when Colombian traffickers
overturned all the common
decencies, promoting the notion
that even dumbheads could
earn big money if they*were
willing to be dishonest.

The legacy of the drug era
has been an almost slavish
devotion to material things, all
‘funded by ridiculously high lev-
els of credit. For a long time
now, it has been obvious that
the crunch was on its way. Well,
now it’s arrived...

For those Bahamians whose

facade of wealth is no more ..

than that, troubling times lie
ahead. Sapa eies
There is no doubt that many
who today appear to have lavish
lifestyles are so heavily in hock
‘to the bank that they have
absolutely no equity. They have
to keep working to fuel the
myth of their own apparent






Last of the
big spenders

prosperity.

The colonnaded house’ with
its soaring turrets is mortgaged
to the last doorknob, the limo
with its shiny rims.is owned -
pending a very long line of hefty
repayments - by the bank, while
those sharp suits and Gucci
shoes come courtesy of Visa or
Mastercard.

-T recall a British bank man-
ager telling me once, in the days

-when banking was still an hon-
ourable profession, that he
could always tell when young
entrepreneurs were six months
away from liquidation.

“They would turn up in a
brand new Porsche,” he said,
“It was always the giveaway, a
sign that the need to be flash
had overcome financial pru-
dence to the point where. they
were heading for disaster. I can-
not recall a single instance when
the new Porsche wasn’t a har-
binger of doom.” -

. . The show-off instinct has
become so.much part of
Bahamian life that it’s going to
be hard for many to accept that

prudence and possibly even fru- _

gality are going to have to take
precedence in future.
If there is a benefit to be
gleaned from recent events, it’s
_ that people will be encouraged
to revert to the sounder princi-
ples of the past, when debt was
considered a sin and people
slept happily in their beds at
night: | . ‘

My own mother, shortly

before she died, told me that
her most challenging days were
in the 1930s when she bought
bones from the butcher to make

‘nourishing broth for my father °

and my four older brothers. She

/

couldn’t afford meat, and even
offal was viewed as a luxury.
One huge potful of this
steaming brew, with occasional
additions of vegetables and
bread, fed a family of six for a
week. Money was so short, and

. debt such a source of shame,

that my father’s wages were
portioned out every Friday
night, and all creditors paid on
the spot before she would con-
sider feeding the rest of us...

This combination of fiscal
prudence and personal honour
was the foundation of the fam-
ily. However meagre one’s cir-
cumstances, what really mat-
tered was being able to look the
next man or woman in the eye,
she said.

_ Achieving such a position .
against all the odds was the

source of great satisfaction for
her. “Times were tough,” she
said; “but the ability to get by
also gave us a great sense of ful-
filment.”

Her attitude was typical of.

her generation. A family’s pride
was built on.a strong work eth-
ic and a capacity to live within
one’s means. Thieves, spivs,
shysters and borrowers were
given short shrift where I grew
up.
It was apparently the same
here in the Bahamas. A young
Bahamian told me: “Even into
old age, when times were much
better, my grandmother always
bought the cheapest cuts of
meat. Her value system was dif-

ferent. Unless she could pay for °

something, she did without.
And she made savings where
she could.”

Now, he said; Bahamian
spending was not driven by

Bahamians,” he

PEOPLE PASS a store window display at Salvatore Ferragamo on New York's Fifth Avenue Thursday, Oct. 16,

i THE TRIBUNE -

OSE AO, ONY ee



Mark Lennihan/AP.

2008, in New York. Retailers have toned down their advertising and promotions in light of the economic situation.

need, but by the kind of insecu-
rity which prevents someone liv-
ing on a modest income in a
modest home because of what
others might think of them.
“Getting right down to rock
bottom is the only thing that is
going to change attitudes
among. the new generation of
said.
“This will come when creditors

begin turning up at their doors |

to take their stuff away..It will
come when people have to
make the choice between pay-
ing the light bill and buying

food. It will come when people .

begin to realise that their trou-
bles and worries are caused by
their credit card bills and their
second car.” -

The woman professional who

spent $120,000 on a luxury.

saloon was, like many others,

Contemporary. Timeless. Classic.

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‘ placing image above practicali-
ty because the good times in.

Nassau over the last few
decades have encouraged peo-
ple to embrace middle-class val-
ues which determine that pos-
sessions equal status.

On an island 21 miles long,
with roads more cratered than a

Flanders battlefield, there is no’

real use for a high-powered car
with bespoke accoutrements.
But big cars have become a
badge of social standing.

The wheel-rim phenomenon
is another manifestation of the

same “look at me” obsession, a
_need to.be noticed, respected
and admired by people who, in

truth, know the reality - that the

glitz and gloss conceal a moun- —

tain of debt.
The drive for material wealth
in the Bahamas is: particularly

evident in the numbers houses. .

Here is where the unwise and
impecunious pursue impossible
dreams.

Urged on by a mixture of
superstition and avarice, these
people will fall back on birth
dates, taxi plates, events in his-
tory and family anniversaries to
put .together numerical

sequences which they believe -

will lead to riches. —
One Bahamian does two jobs

to fund his fanaticism for the

numbers game. Paying up to

$150 per day if he suspects the

numbers will fall his way, he
lives from pay cheque to pay
cheque wondering when the
really big win will come.

One woman who collected
$150. in child maintenance
became so convinced that the
numbers 1-5-0 were about to
fall that she blew the lot on her
absurd hunch.

Sometimes dreams prompt a -

visit to the numbers house.
Bible readings can also throw
up “clues” to possible fortunes.

The Lucky Star dream book
by one “Professor Konje” offers
220 pages of clues to what your
dreams mean in terms of possi-
ble financial réturns..A gale sug-,
gests the number 101,.a lantern
308, a piano 991 and a steplad-
der 517. Entire household bud-:
gets have been squandered on
such nonsense, turning dreams
into financial nightmares
overnight. Re

One numbers enthusiast
became so convinced that his
mother’s approaching 50th
birthday meant good fortune
was on its way that he invested
$700 on every conceivable per-



suonepey eAnvesd soz

mutation of the digits 5-0-0.
Had he won, tens of thousands
of dollars would have been his.
None of his numbers fell, so he
lost the lot.

Nothing exemplifies the
Bahamian desire for monetary
well-being more than the num-
bers racket. Yet, like unrealistic
levels of credit, its benefits are
largely illusory. ©

More practical and pragmat-
ic Bahamians are now hoping

that recent financial scares will |

inject a semblance of reality into
attitudes towards money.
Motor dealer Rick Lowe,

who rejects the use of taxpayers’.

money for bailouts in favour of
more fiscal résponsibility among

families, wants people to come —

together to solve their own
problems instead of relying on
the state. 3

“To paraphrase Milton:

Friedman, it’s always easier to
spend other people’s money,
and why worry about it when
you have nothing to give but
what you take from the taxpay-
ers in thé first place?

“At the end of the day, it all
starts with the best of intentions
‘but ends with a country in mis-
ery. History is replete with
examples.”

‘Referring to Prime Minister

Hubert Ingraham’s assistance

plan forymortgage holders and»

others in distress, he said:

“Presumably, Mr Ingraham

and the Bahamian Parliament
believe they can create a wel-
fare state that is different than

those that have existed in the ~

past, with outcomes that will
have no impact on future gen-
erations.

“But we all know, when

something seems too good to .

be true:..it is. Just ask the mil-
lions of Americans and citizens
of the world suffering the ill-
effects of another financial bub-
ble that hassburst.

“Tt’s too bad, but this pre-
sent crop of so-called leaders
might not be here to witness the
destruction of the socialist poli-
cies they are implementing. Nor
will they see or feel the long

‘road to recovery. when the
country is finally downgraded
to a basket-case.” !

As the Bahamas economy
reels from events in the United

States, and lenders become

increasingly wary of those »

knocking on their doors looking
for money, it’s to be hoped that
sound sense finds its way into
local thinking. .

Tempting fate to keep up

_ with the neighbours, splurging

good money to impress others,
and going broke to fund a fixa-
tion for material goods are the
route to a stress-filled life.

One Bahamian mother said:
“While I buy generic goods, my
children spend their money on
silly designer things, handbags
that cost*hundreds of dollars.
There is no sense in it.”

If anything good is to emerge
from the banking crisis, let it be
a realignment of people’s
approach to money matters,

and a recognition by those who ©

run the capitalist system that
the era of exploitation is over.

A-system which allows a
small group of grasping people
to shaft the rest of us at will to
fund their own grotesque venal-
ity is not sustainable, as recent.
events have proved:

For those who fell victim to
the credit trap, it is time for a
new dawn.

Let them understand that

. reverting to values of the past is

no bad thing. If you can’t afford
something, don’t buy it. Credit,
with all its attendant uncertain-
ties, can bea killer. And there is
something undeniably seductive
about paying your way as you
go, saving up for something you
really want, then savouring the
joys of true ownership.

e What do you think?
Fax 328-2398 or e-mail
jmarquis@tribunemedia.net

i


eS



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WOMAN (1992). |revelation spurs Bill into action. —_|shoot. A her controlling husband.’ ‘PG-13' (CC) |

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ie Gift Certificate
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Let Charlie the
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some smiles on your

kids's faces.

| Bring your children to the
McHappy Hour at McDonald's in
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| from 3:30pm to 4:30pm during the
month of October 2008.

Enjoy Great Food, Prizes and Lots of Fun.


THE TRIBUNE

PAGE, MONDAY, OCTOBER 20, 2008








YECCHHH! THERE \S NOTHING
WORSE THAN A SICK ROOM:
MATE! FACE THAT WAY!

T'M GOING BACK TO BED,
BUT GIVE ME A CALL IF
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THIS IS OVER, SO JUST
TRY TO GET SOME SLEEP.

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40 New native quarter shows | 5 Agreed everything was

©2008 by King Features Syndicate, Inc. World nights reserved.





Repel, 21 Wares.



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declarer plays the K-A: of diamonds,
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HOW many.words of four letters.

or more cap you make from.the
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letter and there must be at least -
‘one nine-letter word. No plurals.
TODAY’S TARGET ,

Good 25; very good 38; excellent 50
(or more). Solution tomorrow. * +:

YESTERDAY’S SOLUTION

adieu druid drupe dude dune
dupe duped indue indued inure
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simplicity (7) Q ... bound to come out (7) 4
11. Picture of some currently “6 Downtrodden cads (5) North dealer. Continuing to lead diamonds is
popular group (5). 7 They experience initial dif- Both sides vulnerable. obviously hopeless, so South shifts
12 Naughty ladies men dream “ ‘ficulty in speechmaking r ee Hs suit divided Bo When he ashes
ROR CUO aes ¥72 the A-K, West’s jack falls, but when
14 Stick a number in this 8 Trust in secrecy (10) AQ9763. declarer next leads the ten from
place (6) ms ai 13 Whistle cord, any enclosed . Wiehe 105° east aunty, he ee nek way of
( : : E collecting his four club winners
17 She's toubdan excellent In. grease (7) ; $0952). 4K6 whether he allows the ten to hold or
‘company (5) 15 Feeling! getonturing =| ayy Across oe Down ¥K98543 ¥QJ6° — . overtakes it. South can do no-better
- 19 Gratifying reception (7) over a large volume (7) - wad 1 incomprehensible 2 Grant of permission o8 31052 at this point than cash his remaining
21 Officer aptto be taken in | 16 Pang suffered by one of IN subiect(e4) | (7) #18 $9743 winners and go down one.
b deren (7 Saeed ; i N 8 Birthplace of SOUTH ,__ However, declarer can make the
y aamurderek (7) Ser SN Me ane aed Mohammed (5) 3 Insignificant (5) #510743 contract easily if he tests the clubs
22 Doesn't lose in cutting the m()) QO. 9 Constructor (7) “A ewer reputation of VA 10 ‘before the diamonds. In that case,
cackle? (5) 18 He's not well — being part- | S= 10 Perplex oK4 after cashing the A-K-10, he: can
23 It’s diverting, though irrele- ly senile perhaps (5) Y“) reas) (6) AQ62 return to his hand with the king of.
‘ar ie 20 “Dri ' ; — 11 Cornmencement (5) 5 South American river The bidding: diamonds and cash the queen of
veOL CS) mp Soninie Up Uike:as sind (2) uu 12 Nepalese 8) North — East South West clubs to score his ninth trick.
; : : mountaineer (6) = pel 1¢ Pass 1¢ Pass Declarer should reason that he
é 3 . 14 Loudness (6) 6 Prestige (5) 24 Pass 3NT has eight sure tricks at the outset and
Yesterday’s Cryptic Solution ° Yesterday’s Easy Solution 17 Happen repeatedly 7 Regarded as total Opening lead — five of hearts. should then make allowance for the
: : . (5) , loss (7,3) One peculiar thing about bridge is possibility — nearly a 1-in-3 chance
Across: 1 Sahara, 4 Rancid, 9 Across: 1 Gossip, 4 Brogue, 9 19 Japanese code of Poe not'so much that it sometimes pres- | — that the diamonds are unfavorably
Cologne, 10 Easel, 11 Roost, 12 = Founder, 10 Bliss, 11 Awful, 12 chivalry (7) 8 MS (10) ents difficult problems, but that in divided. In that event, the possibility
Inspire, 13 Apparitions, 18 Pelisse, 20. Monitor, 13 Take to heart,.18 21 Famous 13. Carry out (7) many cases there is no awareness at _ that either opponent might have been
Sepia, 22 Samoa, 23 Angelus, 24 Interim, 20 Cower, 22 Grasp, 23 Russian all that a problem exists. dealt the J-x of clubs (a 16 percent
Sinned, 25 Stress. _ Neutral, 24 Rattle, 25 Jersey. ballerina (7) 15 Unvarying (7) Consider this deal where West chance) may be the only way to sal-
Down: 1 Secure, “ Hello, 3 Regatta, 5 Down: 1 Guffaw, 2 Stuff, 3 Indulge, 22 Not joining in (5) 16 Burning brightly (6) leads a heart against three notrump. — vage the contract. He should there-
Abets, 6 Cushion, 7 Delves,8 5 Robin, 6 Glitter, 7 Ensure, 8 23 Author's 18 Band of witches (5) It seems perfectly natural to win fore test that suit before playing the
Medicine man, 14 Pullman, 15 Insight, — Frame of mind, 14 Attract, 15 pseudonym : East’s jack with the ace and startrun- king of diamonds from his hand.
16 Spasms, 17 Passes, 19 Shake, 21. Exclude, 16 Ginger, 17 Orallly, 19 (3,2,5) 20 Play for time (5) ning the diamonds. But when Since playing the clubs first can

do no harm and gives declarer an
extra chance for the contract, it is
clearly the correct approach.

Tomorrow: Bidding quiz.
©2008 King Features Syndicate Inc.

ta
epee



= +4

THE TRIBUNE



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PAGE 8C, MONDAY, OCTOBER 20, 2008

THE TRIBUNE









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