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:
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
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Volume: 105 No.287







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CX-PLP official Seeks





BAHAMAS EDITION

www.tribune242.com

THURSDAY, NOVEMBER 5, 2009

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The Tribune

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IN TODAY’S TRIBUNE

US court promise

Bahamian attorney facing
money-laundering charges
negotiates over family visits

By ALISON LOWE
Tribune Staff Reporter
alowe@tribunemedia.net

THE American attorney for
embattled Bahamian lawyer
Sidney Cambridge is trying to
get US authorities to promise
that her client will still be free
to travel to The Bahamas to
see his family if he goes to the
states to face money-launder-
ing charges brought against
him.

According to Lily Ann
Sanchez, she is negotiating
with US prosecutors to get a
bond agreement for Cam-
bridge that would allow him
to fly between South Florida
and The Bahamas where his
wife and family live.

“Mr Cambridge believes he
did not do anything illegal
whatsoever and he went for-
ward all within the laws of the
Bahamas and these are very
unfortunate US charges,”
Sanchez said.

These negotiations may be
the reason why no extradition
request has yet been made for
Mr Cambridge by US author-
ities - a fact confirmed yester-
day by the Attorney Gener-

ik ‘ it } ,

SIDNEY CAMBRIDGE

al’s Office and the Ministry of
Foreign Affairs in The
Bahamas.

It comes as the Bahamian
attorney was formally indicted
by a federal grand jury on
Tuesday on charges that he
was involved in a $900,000
money-laundering scheme
with a Florida politician, Jose-
phus Eggelletion.

Mr Cambridge, who is cur-
rently in The Bahamas, was
not present in court and a war-

SEE page 11



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PRIME MINISTER Hubert
Ingraham talks with newly
elected FNM Chairman Car!
Bethel during the party's
nomination of national offi-
cers yesterday.

By TANEKA
THOMPSON
Tribune Staff
Reporter
tthompson@
tribunemedia.net

MINISTER of Educa-
tion Carl Bethel was
elected chairman of the
FNM after being nomi-
nated unopposed by
Prime Minister Hubert
Ingraham in a shocking
turn of events at the par-
ty's convention yester-
day.

Mr Ingraham
informed the cheering
delegates that immedi-
ate past chairman John-
ley Ferguson would not
be offering himself for
re-election before he
nominated Mr Bethel for
the post.

"It is my duty to
inform you that the
chairman of the party

SEE page 10

Bethel to step down as
Minister of Education

By TANEKA THOMPSON
Tribune Staff Reporter
tthompson@tribunemedia.net

NEWLY elected FNM
Chairman Carl Bethel will
step down as Minister of
Education in the coming
weeks in order to concen-
trate on his new responsibil-
ities, he confirmed yester-
day.

He remained mum on the
identity of the person who
will replace him after Prime
Minister Hubert Ingraham
shuffles his Cabinet.

PLP Chairman Bradley
Roberts issued a scathing
statement on Mr Bethel's
impending resignation yes-
terday, thanking Mr Ingra-
ham for "relieving the
Bahamian people of inepti-
tude and poor leadership at
the Ministry of Education."

Political observers specu-

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lated that Mr Bethel was
selected as chairman in
order to match wits with Mr
Roberts, who was elected at
the PLP's convention last
month. Mr Bethel brushed
off this assertion.

"I deny that that was the
reason,” Mr Bethel laughed.
"Obviously all jokes aside,
we are now more than
halfway through our term,
the party is faced with the
challenge now of beginning
to prepare itself for the next
general election."

Until the next general
election, Mr Bethel said his
prime focus will be ensuring
that the proper groundwork
is in place to ensure the par-
ty's victory. When, or if this
is accomplished, he hopes to
return to Cabinet, he said.

"The prime minister and I

SEE page 10



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Beryl Hanna,
Wife of the
Governor
General,
ilies age 77

HEARTFELT con-
dolences poured in yes-
terday from the prime
minister and members
of the PLP at the news
of the death of Beryl
Hanna, wife of Gover-
nor General Arthur D
Hanna yesterday. She
was 77.

Prime Minister
Hubert Ingraham said
that although Mrs Han-
na was born in Britain,
she fully embraced and
came to love her adopt-
ed country and its peo-
ple and was an excel-
lent example of
Bahamian citizenship.

“Mrs Hanna came to
The Bahamas with her
husband back in the 50s
and right up until the
time of her illness par-
ticipated wholehearted-
ly in the life of our
nation. Mrs Hanna sup-
ported her husband and
his colleagues in their
early struggle for major-
ity rule and was herself
on the frontline in that
struggle.

“Along with other
outstanding Bahamian
women, she took to the
streets in placard

SEE page six



Turnquest: PLP

all talk and no
action on capital

punishment

MINISTER of National
Security Tommy Turnquest hit
out at the PLP last night claim-
ing the party is “all talk and no
action” on capital punishment.

In his speech to the FNM
convention at the Wyndham
Nassau Resort, Mr Turnquest
said PLP leader Perry Christie
“ranted” about being in
favour of capital punishment.

“His zeal naturally sent me
back to the records to see
what they had done about
capital punishment during
their five-year administration.
The record shows that they
did nothing. All talk, no
action.

“He also made statements
about changing the Constitu-
tion to deal with the issue of
bail in capital cases. Happily,
the memory of Bahamians is
not as short as some would
wish. He did nothing about
this on his watch.”

Highlighting anti-crime

SEE page 10





PAGE 2, THURSDAY, NOVEMBER 5, 2009

THE TRIBUNE



LOCAL NEWS





PRIME Minister Hubert
Ingraham is all smiles at last
night’s FNM convention...

Photo by Felipé Major/
Tribune staff

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QUE Immigration minister

issues stern warning

MINISTER of
State for Immigration
Branville McCartney
used the FNM con-
vention podium last
night to issue a stern
warning to Bahami-
ans who employ for- |7
eigners without prop-
er authorisation.

Speaking on the
first night of the con-
vention, McCartney
delivered a fiery speech in
which he defended the gov-
ernment’s record on immigra-
tion and put those who break
immigration laws on notice.

“We are bringing those who
seek to profit from violating
our immigration laws before
our courts to answer charges,”
he told the audience.

The minister acknowledged
the hardships faced by many
of those who risk their lives
for better opportunities here,
but said the Bahamas cannot
sustain the current rate of ille-
gal immigration — especially
in such difficult economic
times.

He said the government is
determined to protect
Bahamian workers and pro-
fessionals from “unfair com-
petition” and is therefore
refusing work permits to those
who enter the country as visi-
tors, or who have entered ille-
gally.

He added: “Those who hire
non-Bahamian professionals
without the proper authorisa-
tion should be on notice that
this FNM government is step-
ping up its measures to put an
end to such practices.”

According to Mr McCart-
ney, the time has come when
the Bahamas must “make a
choice” about its identity and
the legacy it leaves for future
generations.

“We do not have the luxury
of sitting idly by as world
events shift the climate around
us and threaten to sweep us
away in a global tide,” he said.

The minister noted that
immigrants from around the
region and beyond have

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SECOND



McCARTNEY

played an important
role in the develop-
ment of the Bahamas,
contributing to edu-
cation, enriching cul-
ture, and broadening
the economy.

He said: “Like our
great neighbour to
the north, the
strength of our econ-
omy has made our
country a Mecca for
people escaping less fortunate
circumstances in other coun-
tries, both near and far.

“Many risk their lives in
search of a share in the
promise which our country
represents; a promise of pros-
perity and stability; a promise
of peace and of acceptance by
a people who have accepted
and assimilated generations of
immigrants.”

Mr McCartney said that
while the government wel-
comes immigrants who con-
tribute to the expansion of the
economy, many who seek to
enter today are “poorly
equipped to assist in our fur-
ther development” — often
needing a great deal from the
Bahamas in terms of health
care, education and training.

“The cost is becoming exor-
bitant in terms of our limited
financial resources. In tough
economic times the burden is
heavier. We no longer have
the capacity to assimilate the
ever-increasing numbers of
illegal immigrants,” he said,
noting that this year alone,
more than 4,000 illegal immi-
grants have been repatriated
after being apprehended in
the country, at a cost of $1
million.

Mr McCartney went on to
speak about the “ugly under-
side” of illegal immigration —
noting that many illegals are
involved with cartels which
run the regional drug and gun
trades, while others are
involved in human smuggling
connected to the sex trade.

He said: “These cartels deal
with human life as if people
are disposable livestock, strap-
ping dangerous drugs or con-
cealing small arms on vulner-
able people, with the promise
of free passage to a better life.
Many never make it.

“We will never know the
number of people that have
met their demise attempting
to make that passage. It is a
cruel irony that some of the

nalale!

Steps to combat
illegal immigration

During its current term
in office, Minister McCart-
ney told last night’s con-
vention, the FNM has tak-
en a number of steps to
combat illegal immigra-
tion, including:

e Reorganising and
bringing order to the
department

e Ensuring the enforce-
ment of immigration laws
and regulations without
fear or favour

e Systematically reduc-
ing the number of illegal
immigrants by sustained
regular and routine arrest,
detention and repatriation
exercises

e Improving revenue
collection measures in the
financial planning unit of
the Department of Immi-
gration.

He said the government
is also recruiting more
immigration officers,
working to regularise the
status of long-term resi-
dents and the registration
of children born abroad to
Bahamian women married
to foreigners, processing
work permits more effi-
ciently, and moving
toward the issuance of
anti-fraud tamper resistant
immigration documents.



descendants of slaves who 300
years ago endured and sur-
vived the horrors of the Mid-
dle Passage between Africa
and the Caribbean, today
meet their end in waterlogged
tombs like so many Africans
did during the slave trade.
Noting that the majority of
illegal immigrants come from
Haiti, Mr McCartney said he
believes it is important to
“hold no malice or prejudice”
against the people of this
country — “Indeed, we might
rightly admire the Haitian
people who have fought gal-
lantly for centuries to control
their destiny, a people who
were free when many of our
ancestors were still enslaved.
“The Haitian people are
our brothers and sisters. Our
destinies have been linked by
proximity, by trade, by family
and by friendship,” he said.

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THE TRIBUNE





LOCAL NEWS

PRAYER BREAKFAST

We are ready to overcome
economic woes — Ingraham

PM says government is prepared for tough choices

DURING a time when the country is
marred with escalating violence and a troubled
economy the FNM stands ready to overcome
these challenges, Prime Minister Hubert Ingra-
ham said yesterday morning.

Ata prayer breakfast held to mark the start
of the party's convention, Mr Ingraham said
the government is prepared to make the dif-
ficult choices that are necessary to emerge
from the current economic turbulence and
fulfil its mandate to the Bahamian people.

Said Mr Ingraham: "We meet at a time of
tremendous economic hardship for many in
our country and around the world. The glob-
al economic crisis has become very personal to
nearly all of us. The fallout from economic
failures in the developed world has meant
decreased tourists arrivals and hence
decreased tourism expenditures in our econ-
omy. This has dramatically reduced econom-
ic activity, business failures, increased numbers
of unemployed persons and financial hard-
ship for many persons. Yes, many of our peo-
ple are hurting for these are tough times for
many.

Violence

"We meet at a time when violence contin-
ues to mar the lives of far too many of our
people, particularly our young people."

He said government continues to assist the
needy through bolstered national assistance
programmes, job creation, BEC's electricity
relief programme, the unemployment benefit
and recently enacted legislation that would
make it easier for persons with chronic dis-
eases to access prescription drugs.

" Assistance has been planned and is being
delivered on many fronts — through a $12
million increase in Government’s assistance
programmes managed through the Depart-
ment of Social Services, through BEC’s elec-
tricity relief programme, through jobs cre-

URBAN RENEWAL PROGRAMME

Roberts slams Turnquest over crime comments

DU Me deal PENG



ation initiatives, through the introduction of
the unemployment benefit scheme and
through the enactment of legislation for the
introduction of the Prescription Drug Pro-
gramme. Through these programmes and ini-
tiatives we seek to live out God’s admonition
to us to feed the hungry, clothe the naked
and care for the orphaned.”

He added that government is unfazed by
detractors who may take delight in seeing the
party fail throughout these trying economic
and social conditions.

"We are not discouraged by ill will toward
us. We stand firm and ready to face and over-
come the challenges, to make difficult deci-
sions and to provide the leadership so seri-
ously necessary in tough economic times,"
said Mr Ingraham, during the prayer breakfast
held at the Wyndham hotel yesterday.

The FNM's convention continues until Fri-
day; a celebratory banquet is scheduled for
Saturday night at the Wyndham hotel.

@ FNM Convention

The following people were nomi-
nated or elected to key party posts
at the FNM convention yesterday.
ea will take place on Friday at

am:

Leader: Hubert Ingraham was re-
elected after being nominated unop-
posed by Minister of National Secu-
rity Tommy Turnquest, and second-
ed by MP for Garden Hills, Brensil
Rolle.

Deputy Leader: Brent Symonette
was re-elected after being nominat-
ed unopposed by Minister of Educa-
tion Carl Bethel, and seconded by
Richard Simmons.

Chairman: Carl Bethel was elect-
ed after being nominated unop-
posed by Prime Minister Hubert
Ingraham. Incumbent Chairman
Johnley Ferguson seconded the
nomination, after Mr Ingraham
announced that Mr Ferguson would
not be offering himself for re-elec-
tion to the office.

Deputy Chairman (2 posts):
David Wallace, Senator Anthony
Musgrove and Michael Turnquest
will be in the running on Friday for
the two positions. Senator Jacinta
Higgs declined a nomination.

Vice Chairman (5 posts): Senator
Jacinta Higgs (nominated by Sena-
tor Dion Foulkes), Mavis Johnson
Collie (nominated by MP for Mon-
tagu Loretta Butler Turner), Mar-
garet Johnson, Serfent Rolle, Vin-
cent Pinnock, Francis Sawyer, Colin
Ingraham, Sherry Albury, lvan
Thompson, Darren Cash and David
Jordine will be in the running.

PLP Chairman Bradley
Roberts slammed National
Security Minister Tommy Turn-
quest on his comments sug-
gesting that there was no empir-
ical evidence that the Urban
Renewal initiative put in place
by the former PLP government
had any direct impact on crime
reduction.

“This statement is totally
untrue,” Mr Roberts said.

On Tuesday, November 3,
Mr Turnquest was the featured
guest on a ZNS programme
when the remarks were made.

“The Urban Renewal Pro-
gramme had such a profound
impact on the Bahamian com-
munity in terms of reducing
crime, anti-social behaviour,
and social decay, that the Min-
istry of Education made it part
of its examining syllabus for the
BJC and the BGCSE. Repre-
sentatives from countries in the
region and abroad came to the
Bahamas to witness firsthand
the programme and its effects.

“The Urban Renewal Pro-
gramme won the International
Association of Chiefs of Police
Award in 2004, 2005 and in
2006. The Programme was also
awarded the coveted commu-
nity policing award of the Asso-
ciation of Caribbean Commis-
sioners of Police. In order to
attain these awards, the Royal
Bahamas Police Force had to
unequivocally and demonstra-
bly prove that the Programme
was an effective initiative in
reducing crime. Comprehen-
sive documents containing both
qualitative and quantitative
data had to be produced and
scrutinized by a panel of judges

homicides that are committed
in the Bahamas, most of which
occur in the ‘over the hill’ urban
areas. The overall homicide
count between 2002 and 2006
(ie the five year Urban Renew-
al period) totalled 258 incidents.
Since the dismantling of the
programme in 2007, the num-
ber of homicides for the period
between 2007 to current (three
year period) is two 223 inci-
dents.

“In essence, whereas the
Bahamas experienced 52 homi-
cides per year, that figure has
now drastically increased by 29
per cent to an average of 74
murders per year.

“Further, if one were to con-
duct a case study, the evidence
will show that a number of
young men whose lives were
impacted by urban renewal
inasmuch that they were being
moulded into productive citi-
zens have now turned to a life
of crime and anti-social behav-
iour. As a matter of fact, sever-
al have been killed,” he said.

The chairman added that not
only does empirical evidence
exist to prove that Urban
Renewal was truly an effective
programme but this evidence
has been placed in public
libraries for all to consume.

“It was documented in the
form of the Annual Report of



the Urban Renewal Pro-
gramme from the perspective
of the Royal Bahamas Police
Force. What does not exist is
any empirical evidence from
2007 to the current of the true
extent of crime and how it is
being addressed by the Min-
istry of National Security and
the Royal Bahamas Police
Force as no Annual Report has
been produced for public con-
sumption from 2007 to the cur-
rent period.” Mr Roberts said.

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(en)
NU LY,

PAGE 4, THURSDAY, NOVEMBER 5, 2009

an
WY

THE TRIBUNE



EDITORIAL/LETTERS TO THE EDITOR



The Tribune Limited

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

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

SIR ETIENNE DUPUCH, Kt, O.B.E., K.M., K.C.S.G.,

(Hon.) LL.D., D.Litt.

Publisher/Editor 1919-1972
Contributing Editor 1972-199]

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

Publisher/Editor 1972-

Published Daily Monday to Saturday

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

WEBSITE
www.tribune242.com — updated daily at 2pm

For Clinton, tough talk but few results

CAIRO (AP) — Secretary of State Hillary
Rodham Clinton’s tense exchanges with Pak-
istani civilians and Arab diplomats over a har-
rowing week of foreign stops exposed the con-
fining limits of her office.

On her most ambitious and contentious over-
seas trip as secretary of state, Clinton had to
resort to damage control after she appeared to
mangle the Obama administration’s message
on frozen Mideast peace talks.

And while she scored points back home by
standing up to angry Pakistanis who confront-
ed her about drone-launched U.S. missile
strikes, her blunt questioning of the resolve of
Pakistan’s government exposed American
impatience with the country’s incremental steps
against terrorists.

In each case her extraordinarily public
approach to diplomacy — for better or worse
— reflected not only her personal style but
also President Barack Obama’s promise to
reach out openly to friend as well as foe.

What remains less clear is whether Clinton’s
hot-button politician’s persona works any bet-
ter at producing international results — let
alone clarity — than a more classic diplomat’s
cooler tact. There were no breakthroughs, and
it’s too early to know how her public and
behind-the-scenes performances in Pakistan,
Abu Dhabi, Israel, Morocco and Egypt will
play out. But Clinton emphatically followed
through on a pledge she made last month when
she said the time had come for the U.S. gov-
ernment to communicate more aggressively
abroad and challenge U\S. critics on their own
turf. From here on, she said then, “we’re going
to be in the mix and we’re going to be in the
mix every day.”

It is a boldly political take on taking on the
world, and Clinton is relying on some of her old
campaign trail tricks and moxie to press Amer-
ica’s case. In Pakistan, she aggressively sold
the administration’s stance against al-Qaida
during several crowded “town hall” public
forums that had been her stock-in-trade during
the 2008 presidential primary run against Oba-
ma. But despite finding some success in Africa
and Asia earlier this year communicating Clin-
tonian warmth with foreign audiences, Lahore
was not Portsmouth, N.H.

And a brash in-your-face style that won vot-
ers’ hearts and minds in the U.S. may have
come off as confrontational to skeptical Pak-
istan civilians who responded in kind.

In Lahore, Clinton certainly won domestic
consumption brownie points by saying what
many Americans have complained about for
years — that Pakistan’s government had done
little to root out al-Qaida’s upper echelon.

“Al-Qaida has had safe haven in Pakistan
since 2002,” she said bluntly. “I find it hard to
believe that nobody in your government knows
where they are and couldn’t get them if they
really wanted to. And maybe that’s the case.
Maybe they’re not getable. I don’t know.”

Pakistan’s leaders were not pleased — wait-
ing until Clinton departed to slap back. But
even when she had a second chance to scale

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back her remarks, Clinton softened them only
by a hair. She also dinged Pakistan’s leaders for
diminishing their standing in Washington by
complaining about tough new conditions set by
Congress for providing billions in new aid.

“For the United States Congress to pass a bill
unanimously, saying that we want to give $7.5
billion to Pakistan in a time of global recession
when we have a 10 percent unemployment
rate, and then for Pakistani press and others to
say, We don’t want that,’ that’s insulting,” she
said. That wasn’t what the Pakistani govern-
ment wanted to hear, but it seemed to reflect
Clinton’s determination to show the Pakistanis
that they can complain about U.S. counterter-
rorism tactics and about strings attached to
US. aid — but not without hearing the admin-
istration’s own concerns.

Clinton’s toughened public stance was less in
evidence, though, when she turned to the
stymied Mideast peace process. Instead of
bluntness, she struggled repeatedly to cater to
both Israeli and Arab concerns, making no
headway in getting either side to move closer.

In Jerusalem, trying to mollify Israeli reluc-
tance to agree to halt all future settlements as
a pretext to renewed peace talks with Pales-
tinians, Clinton floated an Israeli proposal that
would restrain — but not stop — more West
Bank housing.

Palestinian and Arab diplomats reacted with
outrage, and the Clinton who had been tough
in Pakistan was forced to backpedal. Arab offi-
cials questioned whether the U'S. had tilted
toward Israel and abandoned its position that
continued Israel settlements are illegitimate
and must be brought to a full stop.

Clinton’s comments reflected a realization
within the Obama administration that conser-
vative Israeli Prime Minister Benjamin
Netanyahu’s government will not accept a full-
on settlement freeze and that a partial halt
might be the best lesser option. Her appeal
seemed designed to make the Israeli position
more palatable to the Palestinians and Arab
states. Clinton had traveled to the region reluc-
tantly, concerned her visit might be perceived
as a failure without clear results, according to
several U.S. officials.

She agreed to meet Israeli and Palestinian
leaders after pressure from the White House,
according to the officials, who spoke on con-
dition of anonymity to discuss internal admin-
istration thinking.

In Marrakesh, Morocco, two days after her
controversial comments in Jerusalem, Clinton
issued what she called a clarification. But she
was dogged by questions about the settlements
issue for the rest of her time abroad.

Asked Wednesday before departing for
Washington what she believed she had accom-
plished, Clinton focused on the depth of the
challenges she faced, not on what the trip deliv-
ered — or failed to deliver.

This article is by Robert Burns, who has
been covering national security and military
affairs for The Associated Press since 1990.



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Myrtle Hanna
—a marvellous
Bahamian lady

LETTERS

EDITOR, The Tribune.

I was just informed of the
death of Nurse Myrtle Han-
na, and thought it only right
to pay tribute to this mar-
velous Bahamian lady.

She has touched so many
lives, both in the Bahamas
and abroad during her long
and caring life, that is only
right that the work she has
done should be long remem-
bered and she should serve
as an example of a true
Christian. And so I offer
now this tribute to that great
lady.

I first encountered Nurse
Hanna when she applied for
a job as a practical nurse at
the Hardecker Children’s
Clinic in 1965. We had just
started up the Clinic on
Deveaux Street a few
months before, but it was
enlarging quickly and we
needed to expand the per-
sonnel.

Nurse Hanna had worked
for a private practitioner
after her training at the Hos-
pital (I believe it was still
The Bahamas General Hos-
pital at that time), but was
interested in working with
the children.

At first, Nurse Hanna,
reflected her training: She
made no decisions on her
own, but faithfully followed
doctor’s orders, and did the
initial admitting procedures.
These included taking the
children’s temperatures,
weighing and measuring
them, but expanded into
taking blood pressure and

letters@tribunemedia.net



pulse readings in both their
arms and legs. Her knowl-
edge and expertise were
soon evident, but she need-
ed convincing of her own
ability to recognise signs and
symptoms of disease and to
communicate that knowl-
edge. Her familiarity with
many of the families was of
great help in assessing their
concerns for the children. It
took a while before she
would go beyond the door
of the admitting room, to
the treatment room, to the
pharmacy, the lab, and final-
ly the doctor’s room.

It wasn’t long before we
recognised the great source
of information Nurse Hanna
provided.

Her fabulous memory and
her wide range of acquain-
tances helped to provide
many a medical history that
both parents and children
had forgotten. She could
point out relationships that
even the parents of the chil-
dren were unaware of, mak-
ing a medical history that
much more accurate.

Nurse Hanna was fre-
quently seen as a daunting
figure and commanded obe-
dience with her grim expres-
sion — which rapidly dis-
solved into an enchanting
grin. She was intolerant of
abuse by either children or
adults, but a true nurse in

her sympathy with the ill,
the painful, the worried and
the bereaved.

She also proved to be an
excellent teacher to the hun-
dreds of medical students
who came to the clinic.
Although well versed in
medical knowledge, these
students learned from her
the “how” of medicine —
how to translate medical
knowledge into action —
how to take a history, how
to communicate with par-
ents and with children, how
to put them at ease. She has
been long remembered by
“her” students, who have
passed on the practical
lessons she taught them.

In her later years, after
leaving the Clinic, Nurse
Hanna continued to practise
nursing.

She devoted her efforts
into caring for the elderly.
(She never quite put herself
in that category!)

She could frequently be
found travelling around
Grants Town on her mission
of visiting the sick.

I felt it was only right that
this very great, unassuming
Christian lady should
receive the accolade that she
has long deserved and the
memory of her great contri-
bution to the Bahamas be
acknowledged.

DR. JULIE

WERSHING,

Former Paediatrician of
The Hardecker Children’s
Clinic,

November 3, 2009.

Rotary Club commended for the
presentation of Paul Harris awards

EDITOR, The Tribune.

Is it the truth?

Worried About Being Left in the Dark?

Hurricane Season

We Can Help You
TT Ue mY

On October 17, the Rotary Club of Aba-
co presented three Paul Harris Awards to
three deserving persons: St. Michael Malone,
Mother Merle Williams and Mr. Davis
Ralph.

All three of the honourees made their
mark in our community, and the award giv-
en to these remarkable individuals is very
good and commendable of our Rotary Club.

As you know, there were many others in
the past, and there will be many others in the
future who have yet to receive such an out-
standing award.

Isay good job to the Rotary Club of Aba-
co of which Iam one of the founding mem-
bers, and I am proud to be just that.

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rest in peace.

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THE TRIBUNE

6

LOCAL NEWS

&

THURSDAY, NOVEMBER 5, 2009, PAGE 5



COLLEGE OF THE BAHAMAS

COB faculty have clear path
to strike vote, says Foulkes

Minister still encouraging staff and management to continue talks

College of the Bahamas
faculty have a clear path to
conducting a strike vote if
they wish to do so, Minister
of Labour Dion Foulkes
confirmed.

He told The Tribune that
while he is encouraging the
college’s staff and manage-
ment to continue discus-
sions, the Union of Tertiary
Educators of the Bahamas
(UTEB) has gone through
all the appropriate steps —
including filing a trade dis-
pute and taking part in sev-
eral conciliation meetings —
and is entitled to hold such a
vote on behalf of its mem-
bers.

Mr Foulkes said that once
UTEB decides on a venue
and date, the Department
of Labour will oversee the
exercise.

“T have met with both
sides and the director was
meeting with both sides to
see if he could reach com-
mon ground on issues.

“This is a matter of nego-
tiation, this is a matter for
both parties to come to an
agreement; I can’t force
them to agree,” the minis-
ter said.

However, Director of
Labour Harcourt Brown
said that while he admits
talks could have progressed
better, he would not char-
acterise the conciliation
process as “at a stand-still”
and believes there is “still
room for parties to amica-
bly resolve their differ-
ences.”

This comes after 40 mem-
bers of the union, which rep-
resents more than 200 staff,
handed a letter calling for a
strike vote to Mr Foulkes on
Tuesday, saying they are
angry that the college has
allegedly failed to negotiate
in “good faith” over their
working conditions.

Meanwhile, COB’s man-
agement issued a statement
yesterday saying the college
is committed to concluding
negotiations with UTEB on
“a new collective agreement
to the satisfaction of both
parties in a timely and con-
scientious manner.”

JANYNE HODDER

It said: “Our responsibili-
ty is to meet the overall well-
being of the college and to
set the stage for building a
high quality Bahamian uni-
versity for years to come.

Confident

“The college is confident
that an agreement will be
reached and this will be
done at the negotiating
table.

“It is not the policy of the
college to negotiate outside
of the established negotiat-
ing process.”

The group of professors,
librarians, counsellors and
other UTEB members who
delivered the letter, showed
up in force outside the
Churchill Building at around
10am on Wednesday to
greet labour minister Dion
Foulkes.

Wearing orange
“UTEB”-emblazoned t-
shirts and singing songs of
“solidarity”, the educators
and other key staff said they
have had enough of what
they for months termed a
“dictatorial” approach to
negotiations over their new
industrial agreement on the
part of their employer, the
college. Their previous

Dion Foulkes

agreement expired in June
2008.

Staff members such as
Llewellyn Curling, a profes-
sor in the college’s school of
technology, described the
conditions that COB is seek-
ing to put into the staff's
new agreement as “regres-
sive” — removing benefits
that they previously enjoyed.

With the two sides failing
to come together, only one
clause — union dues — has
so far been agreed upon
during the 10-month talks
out of a total of around 100
expected to be hammered
out, according to the educa-
tor.

Some staff suggested that
if the college changes work-
ing conditions as proposed,
progress towards university
status would be set back as
staff’s professional develop-
ment would be hindered,
while their living standards
would be placed at risk
through reduced job securi-
ty.

Catharine Archer, a
librarian, claimed she is con-
cerned that under the terms
proposed by the college,
research leave and grants
presently available to peo-
ple like her will be no more.

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an agreement; I
can’t force them
to agree.”

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PAGE 6, THURSDAY, NOVEMBER 5, 2009



LOCAL NEWS



Beryl Hanna, wife
of the Governor
General, dies age 77

FROM page one

demonstrations for democrat-
ic reform, including women’s
right to vote. Mrs Hanna will
be sorely missed by Bahami-
ans of all walks of life and of
all political persuasions who
came to know her and to
develop genuine affection for
her. She had a special affinity

J JS W.

for the poor and downtrod-
den of our society.

“My colleagues and I join
with Bahamians everywhere
in expressing sincere condo-
lences to His Excellency the
Governor General, to their
daughters Glenys and Dawn,
their sons Dion and Mark, and
the entire Hanna family,” Mr
Ingraham said.

Calling her an “icon” in the

J

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Dr. Richard Stratton, President of Clearwater
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will be visiting the Bahamas in late
November 2009. A reunion of all
Bahamian CCC alumni will be held at
7:30 pm on Saturday, November 28th in
Nassau. If you are able to attend,
please contact Priscilla Cartwright
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Aficio MP 1500

Bahamian struggle to Inde-
pendence, PLP Chairman
Bradley Roberts said that Mrs
Hanna was present at her hus-
band’s side through every
major event in the birth of the
modern Bahamas.

“Beryl Hanna came to her
adopted country at her hus-
band’s side following their
time together at university.
The Bahamas they arrived in
the 1950s was full of prejudice
and lost opportunities for the
majority of its people. This
couple joined the struggle as
members of the Progressive
Liberal Party.

“Mrs Hanna was a natural
as if she had lived here all her
life. She fit right in. Together
she worked, they demonstrat-
ed. She helped to change the
country. Beryl Hanna was
there at every major event in
the life of our modern political
struggle: There when women
fought for the vote; there
when women voted for the
first time; there for Black
Tuesday in 1965; there for
Majority Rule in 1967; there
for the struggle against
apartheid in South Africa;
there as the consort to the
Governor General in the win-
ter of her life and in the face
of very difficult physical cir-
cumstances,” he said.

Being personally thanked
by the former President of
South Africa Nelson Mandela
himself, Mrs Hanna worked
tirelessly in the anti-apartheid
struggle in the Bahamas. Mr
Roberts said that when the
next chapter of Bahamian his-
tory is written, Beryl Hanna’s
name is sure to be “all over
it” — recorded and remem-
bered with affection, and
pride.

“We owe a great debt of
gratitude to this quiet, but
determined woman, for her
loyalty, for her faith for her
struggle to create the modern
Bahamas and for helping to

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Robinson Road

393-5964

ABOVE: Mrs Beryl Hanna reading
a proclamation by then Prime
Minister Sir Lynden Pindling
declaring Universal Children’s
Day in November, 1979.

RIGHT: Paula Darcy shows
Beryl Hanna round the Centre
for the Deaf in November,
1979.

build our party. May her soul
rest in peace. We extend con-
dolences to Mr Hanna, Glenys
Hanna Martin MP and the
entire family on this sad pass-
ing.”

Echoing these sentiments,
Fox Hill MP Fred Mitchell
said in the country’s loss of
Mrs Hanna he has also lost
his closet friend in politics.

“T grew up calling her Aunt
Beryl, a sign of the closeness
of my late mother to her hus-
band Arthur, our Governor
General, who lived with my
grandmother Gwendolyn dur-
ing his years in high school.
She was a trooper, a real
advocate for the rights of
Bahamians and people every-
where to equality justice and
fair play. We were kindred
spirits.

“My favourite recollection
of her is that iconic photo in
the newspaper of herself,
Dame Marguerite Pindling
and the late Daphne Wallace
Whitfield with the placards
supporting the demonstration
on Black Tuesday in April
1965 following the PLP’s then
leader Lynden Pindling throw-
ing the Speaker’s mace out of

the window of the House.
“But our closeness grew
when she agreed to join the
Bahamas Committee on
Southern Africa on which I
served as its Vice President
and she as its Honorary Chair.
Tt was the main anti-apartheid
organisation in the Bahamas.
It was my proud honour to
personally obtain and deliver
to her a letter of thanks from
Nelson Mandela for her work
in the struggle,” he said.
Even the PLP’s Women’s
Branch remembered her as a
woman who fought for the
rights of other women, the
down-trodden, the disadvan-
taged, and anyone who was
being discriminated against in
the Bahamas or elsewhere.
“Although she was not born
in the Bahamas it is safe to
say that there were not many
individuals more patriotic and





loving of this country than
Beryl Hanna. She stood up for
the rights of all Bahamians
when many others living in
this country were afraid to. In
doing so, she assisted in creat-
ing the modern Bahamas as
we know it today.

“We know that a suitable
memorial tribute is in order,
to celebrate the life and con-
tribution of our dear sister,
and we offer our assistance in
the execution of a suitable
memento.

“Condolences are extend-
ed to the family of our
beloved Governor General,
the Honourable Arthur D
Hanna, including our sister
and former Chairman both of
the Women’s Branch and the
PLP Glenys Hanna-Martin,
Deon Hanna, the grand-chil-
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November 3
November 4
November 5
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November 9
November 10
November 11
November 12
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November 16
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November 18
November 19
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November 23
November 24

November 25



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&

THE TRIBUNE

6

&

THURSDAY, NOVEMBER 5, 2009, PAGE 7

LOCAL NEWS



Public have their say

on Atlantis’ ban on |

unsupervised youth

THE TRIBUNE hit the streets yesterday
to find out how the public feels about the
Atlantis’ new ban on unsupervised youth
in Marina Village following the shooting of
two security guards there over the week-
end.

Beth, 48, Ministry of Health
“When it comes to tourists and the coun-
trymen, then so be it.”

Melanie, Baillou Hill
“T don't think that unsupervised children
should be allowed anywhere.”

C

“They don't have the right to ban any-
one from anywhere — this isn't commu-
nism. We don't live in a communist coun-
try.”

Sean Smith, Killarney
“I think they shouldn't be there unsuper-
vised.”

Mr McPhee, Carmichael

“No, I don't think Atlantis should ban
youths from coming. I think parents ought to
try and supervise their kids .. . But at the
same time we're in the Bahamas, we're

A POLICE car and
ambulance at the
scene on Paradise
Island after Saturday
night’s double
shooting.

STREET

Bahamians, and we should be free to go
and move — as long as we're not committing
any criminal act.”

Tom Jones, Yamacraw
“Young people today have no manners
and they don't listen. .. Ban all of them.”

18, Carmichael

“Atlantis has the right to do that. Minors
don't need to be hanging up over there by
themselves.”

20, Carmichael

“If you don't have any business over there
don't go over there. What are children going
over there for — do they have any money to
spend?”

Bahama Bob, 40
“From their perspective it's like we have a
tourist product we can't let go of.”

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« Sen. Hon. Dion Foulkes

* Hon. Dr. Hubert Minnis, M.P
«Hon. Zhivargo Laing, M.P

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PAGE 8, THURSDAY, NOVEMBER 5, 2009

THE TRIBUNE



LOCAL NEWS



Two students charged in
connection with stabbing

By DENISE MAYCOCK
Tribune Freeport Reporter
dmaycock@tribunmedia.net

FREEPORT - Two male students of St George's High
School were charged with causing grievous harm in con-
nection with the stabbing of another male student.

The minors appeared before Magistrate Debbie Ferguson
in Court One. However, they were not allowed to enter a
plea because of the absence of the Juvenile Panel.

The matter was adjourned to February 9, 2010 when the
juveniles will return to enter a plea.

The arraignment is in relation to Monday's stabbing at St
Georges High School.

The victim remains in hospital in stable condition.

The teenagers were each granted $600 bail.

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double murder trial

By NATARIO McKENZIE
Tribune Staff Reporter
nmckenzie@tribunemedia.net

A DNA expert testified yes-
terday in the trial of a man
charged in the October 2006
double murders of two men on
Andros.

Frank Alphonso Pinder, 33,
of the Bluff, South Andros, is
accused of killing Glenwood
Neely Jr and James Smith Jr.
The two men were reported
missing almost two weeks
before their bodies were dis-
covered in a remote area of the
Bluff, South Andros, in an
advanced state of decomposi-
tion.

Kevin Noppinger, lab direc-
tor of DNA Labs International
in Deerfield Beach, Florida, tes-
tified that he analysed two
blood stain samples from Willi-
mae Neely and Edith Smith
along with two bone samples
submitted to the lab by
Bahamian police.

Mr Noppinger told the court
he began analysing the samples

on January 5, 2007, and later
submitted a report. He devel-
oped a DNA profile from the
blood stain samples and com-
pared them to bone samples
from the two victims.

He said he concluded there
was a 99.99 per cent chance that
Mrs Neely was the biological
mother of the individual whose
bone sample was labelled LS3
and that Mrs Smith was the bio-
logical mother of the individ-
ual whose bone sample was
labelled LS1.

Also taking the witness stand
yesterday was Kirsten Nop-
pinger, president of DNA Labs
International.

She told the court she had
received the blood and bone
samples from Detective Cor-
poral Sheria King.

She said the samples were
documented in the lab’s com-
puter system and then placed
in an evidence vault.

Detective Inspector Rochelle
Deleveaux-Rolle told the court
she had received sealed pack-
aged samples containing the

EUS TO (a

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blood stains and bone on
December 8, 2006, but did not
open them.

She explained that she did
not want to break the seal on
the samples and risk contami-
nating the evidence, which was

later handed over to a woman
she identified as Corporal King.
The trial, which is into its sec-
ond week, is being heard before
Senior Justice Anita Allen.
The case resumes today at
10am.

Man wanted for questioning
in connection with murder

ONS N Ame)

POLICE are searching for a man
who they want to question in connec-
tion with the murder of James Patrick
Gardiner, 42, of Augusta Street.

Xavient Taylor, also known as
“Ninja”
known address was Key West Street.
He is described as being 6ft tall, slim
and weighing 170lbs.

The police say Taylor should be
considered armed and dangerous.

Anyone with information about his
whereabouts has been urged to con-
tact the police on: 919, 911 or 322-
3333; the Central Detective Unit on
502-9930 or 502-9991; Crime Stoppers
on 328-8474, or any police station.

Gardiner was stabbed following an
argument in the Montel Heights area,
where he had been visiting a friend
on Monday night.

, 1s 26 years old and his last

Shooting victim identified

By DENISE MAYCOCK
Tribune Freeport Reporter

dmaycock@tribunemedia.net

FREEPORT - Grand
Bahama’s tenth murder victim
has been identified as 57-year-
old Cedric Joseph Williams, of
South Bahamia, Freeport.

Williams, who was shot late
Monday evening at his resi-
dence, was taken to hospital but
died early Tuesday morning.

A motive for the shooting is
not known. Police are appealing
to the public for their assistance
in solving this homicide.

The victim, also known as
“General,” is a well-known res-
ident of Freeport. He had



worked as a head Bellman for
many years at the Royal Oasis
Resort before it closed, in 2004.

According to police reports,
police received a call of a shoot-
ing at Braemer Drive, South
Bahamia sometime around
11pm on Monday.

Police and EMS personnel
were dispatched to the scene,
where they found an adult male
with a gunshot injury to the
upper part of his body.

The victim was taken to
Rand Memorial Hospital,
where he died around 3.15am
Tuesday.

Asst Supt Loretta Mackey
said police are investigating the
matter.

















Us











THE TRIBUNE

THURSDAY, NOVEMBER 5, 2009, PAGE 9



LOCAL NEWS



entleman’s Club
hosting ‘character
uilding’ workshops

By NATARIO McKENZIE
Tribune Staff Reporter
nmckenzie@tribunemedia.net

FOR nearly two decades, the
Gentleman’s Club has been
responsible for the recognition
and the further development of
high-achieving young men in
the Bahamas.

To date, the club, which was
founded by Dr Judson Eneas
and his wife Marchetta Eneas,
has graduated 690 ‘gents’, who
have been awarded millions of
dollars worth of college schol-
arships.

With the programme now
heading into its 19th year, Dr
Eneas said that it is hoped that
more schools will participate in
the Gentleman’s Club and that
the continued support from the
community will assist in the fur-
ther enhancement of the initia-
tive which initially started with
only 12 young men.

The Gentleman’s Club
workshops run from January to
April 2010 and culminate with
the Gentleman’s Club Ball on
April 10, 2010. Deadline for
applications is this Friday,
November 6.

For the most recent course,
some 40 young men from both
the public and private school
sectors were selected by a spe-
cial committee.

The boys participate in a
series of workshops designed
to develop strong character as
well as communication and net-
working skills.

“Tt has been my experience a
lot of times that young men are
taught to shut up and not say
anything, this is the one place
where they speak and give their
opinions. Most of our men are
in places now where they can
give back to the community and
are mentors,” said Mrs Eneas.

Dr Eneas said: “It’s about
character building and network
building, we want to build men
of character, so from the begin-



“It has been my experience
a lot of times that young men
are taught to shut up and not
say anything, this is the one
place where they speak and
give their opinions.”



ning you will see a transforma-
tion. From the beginning to end
you see the transformation
process. We take what you
have and try to take it to anoth-
er level. It’s more than getting
some money for scholarships.”

Dr Eneas said that the pro-
gramme is trying to build an
elite group of men, “because
for too long we have celebrated
mediocrity.”

“We have been told that the
Bahamas has lost its ambiance.
So we really want to elevate
our young men to a higher lev-
el because we feel that if our
young men can advance, our
society can advance,” he said.

The couple said that they are
often criticised by persons
claiming that they are “helping
the wrong boys.”

“That’s not true. We have
graduated through this pro-
gramme 690 boys over the past
18 years and with all the schol-
arships we have provided and
all the college scholarships we
have been awarded, that’s well
over $3 million worth of schol-
arships. So they can’t say we
are helping the wrong boys. We
are helping boys who may not
have been given the opportu-
nity but were smart and did not
have anyone to motivate
them,” Dr Eneas said.

The couple also noted that
there are several schools that

Marchetta Eneas

have programmes geared
towards at-risk young men and
have also chosen to refer to
them as ‘gentleman’s clubs.’
Dr Eneas said: “The prob-
lem is that this prevents certain
schools from sending boys to
this programme because they

SOK Ess
= vi





think they already have the pro-
gramme. We are not telling
them not to help the young
men, just change the name - we
own the name and the logo.”

“We want to accept boys
from every school that applies.
I think there are about 30
schools we send out applica-
tions to and at the most we
have had about 16 schools
involved. There are some
schools that aren’t sending any-
body in, so we want to let them
know that they need to get
those applications,” he said.

The Eneas’ said that they
continue to receive support
from colleges in the United
States and are also being assist-
ed by a local fraternity.

“We have had unwavering
support from some of the col-
leges in the United States and

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we are trying to solicit more
support.

“We are trying to get a few
more colleges onboard, but
Fisk, Morehouse and St John’s
University have supported us
with scholarships for our young
men,” Dr Eneas said.

He said that the club has
also benefitted from the assis-

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PAGE 10, THURSDAY, NOVEMBER 5, 2009

THE TRIBUNE



LOCAL NEWS



FROM page one

have had discussions and
within a matter of weeks, at
his convenience, he will make
certain adjustments.

"T will ultimately at that
time, yes, I will be stepping
out of Cabinet in order to
fully perform the functions
of chairman of the party
over the next 18 months, to
two years, to two and a half
years until whenever the

Carl Bethel to step down
as Minister of Education

next election is called. At
which time — when the
FNM will, God willing and
with the help of the Bahami-
an people, be restored to
office — I will of course look
towards the resumption of
my Cabinet responsibilities

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in some form or fashion
that's decided by the prime
minister," Mr Bethel told
the media on the sidelines
of the FNM convention,
minutes after he was elected
as party chairman.

Mr Bethel said he volun-
teered himself to be nomi-
nated as party chairman after
more than a month of dis-
cussions at the Cabinet level.

"A number of names were
discussed internally and
through a process, a weed-
ing out process. . .We ulti-
mately arrived at a handful
and at that point when it was
down to two or three I said
"Look, I would volunteer my
services for the good of the
party.” There were others
who were prepared, but I
stepped forward".

Mr Bethel, who previously
served as party chairman,
said he does not see the
move as a demotion but the
chance for him to assist his
party in the best way he can.
In order to avoid a repeat of
the FNM's loss in 2002, he
said it is critical for the party
to keep an ear to the ground
and ensure that the country
knows how well the govern-
ment is handling the current
economic crisis.

His first order of business
as chairman is to improve
communication at the par-
ty's headquarters with a
strong focus on multimedia;
to address concerns of rank
and file FNM supporters;
and begin galvanising FNM
foot soldiers as the party pre-
pares for the next election.

Mr Roberts, who
announced his plans to dis-
mantle the FNM upon tak-
ing office, took Mr Bethel to
task for his "failed" term as
education minister.

"A word of encourage-
ment to our devoted educa-
tors; the end of the month is
but 24 days away and it ain’t
long now," Mr Roberts said.

a
—
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Ss
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Ss
BI
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=
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2
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wu

NEWLY-ELECTED FNM
Chairman Carl Bethel
speaks yesterday.



Bethel elected FNM Chairman

FROM page one

Johnley Ferguson will not be offering as a can-
didate for chairman this time. I therefore beg
to put the nomination in the name of Carl
Wilshire Bethel," said Mr Ingraham as the
crowd broke out into thunderous applause.

Mr Ferguson - who told The Tribune hours
before the nomination process that he expect-
ed to win the chairmanship race - seconded the
nomination.

Chairman candidate Ivoine Ingraham
moved the motion to nominate Mr Bethel
unopposed in the "interest of party unity", he
told the delegates.

Although he put on a brave front at first, the
"emotionally drained" candidate was later
consoled by a supporter as he wept over the
lost opportunity.

Mr Ingraham - who launched a public cam-
paign for the post several weeks ago - told the
media he put aside his pride and dropped out
of the race. He conceded that due to the prime
minister's endorsement of Mr Bethel's nomi-
nation it would have been futile for him to

battle for the post.

"If the Prime Minister stands up, the Prime
Minister that enjoys a great deal of support in
that convention, and nominates someone I
must be the greatest fool there is to waste my
time and waste the convention's time to have
them vote for a position that I really have
absolutely no chance in winning,” said Mr
Ingraham, who said he was informed of the
move to nominate Mr Bethel yesterday morn-
ing.

Chairman-elect Carl Bethel said his main
aim is to position the FNM to ensure its victory
when the country returns to the polls.

"Tt was the consensus view of the party lead-
ership that we really needed to in a sense take
things up to another level and hopefully a lev-
el that will be effective in positioning the par-
ty to face the next elections," he said on the
sidelines of the convention, with Ivoine Ingra-
ham at his side.

During the nomination process for party
officers both Mr Ingraham and FNM deputy
leader Brent Symonette were unopposed and
elected to their respective posts to rousing
applause, cheers and a standing ovation.






























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Highlighting anti-crime
policies and initiatives that
the FNM government have
taken, the Minister said,
“Soon, when ordered by the
courts, we will be electroni-
cally monitoring persons
charged with, or sentenced
for, crimes who are not serv-
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Mr Turnquest also spoke
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them, “Smile, you may well be
on CCTV. We will tape you,
and we will apprehend you.’”

The Minister then encour-
aged Bahamians not to be
permissive or compliant when
those close to them commit
crimes.

“We must be prepared, in
confidence, to tell the police
what we know,” he said. “We
must tell the police who has
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THE TRIBUNE THURSDAY, NOVEMBER 5, 2009, PAGE 11
LOCAL NEWS

me THE FNM NATIONAL CONVENTION @

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THURSDAY, NOVEMBER 5,



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PAGE 13 & 14©¢ International sports news

CATHOLIC PRIMARY SCHOOL LEAGUE'S BASKETBALL LEAGUE

ot. Bede's Crusher

remain undefeated

St. Francis and Joseph’s Shockers flattened 41-3

by RENALDO DORSETT
Sports Reporter
rdorsett@tribunemedia.net

The defending champions
continued to dominate in the
Catholic Primary School
League’s Basketball League
yesterday, despite an off per-
formance from their star player.

With a balanced team effort,
the St. Bede’s Crushers
remained undefeated with a 41-
3 win on the road yesterday
over the St. Francis and
Joseph’s Shockers.

Adrian Mackey led the
Crushers with 16 points, while
perennial leading scorer Kyle
Turnquest chipped in with 11
and Gregory Cooper finished
with eight.

The Crushers led 6-1 at the
end of the first quarter, with
Mackey opening 3-3 from the
field.

The Shockers’ lone score of
the half came from Paul Far-
quharson at the free throw line
just before the end of the quar-
ter.

The Crushers defense did not
give up a field goal the entire
game, using a stifling defensive
effort to widen their margin at
the end of each quarter.

Cooper scored the opening
basket early in the second and
both teams struggled offen-
sively without a score until the
final play of the half.

Turnquest stole the inbound
pass with eight seconds left and
raced downcourt for his first
score of the game and gave his
team a 10-1 lead at the half.

With the regular starters on
the court in the third, the
Crushers opened with a half-
court trap which continuously
netted turnovers and fastbreak
baskets.

Turnquest and Cooper
outscored the Shockers 9-0 in
the quarter with Cooper scoring
on the first two fastbreak bas-

SEE page 13

r .

he

ais! A F A
= eo ail

“5 a

ST Bede’s Crushers’ Kyle
‘Flash’ Turnquest attempts a
dunk...

Photo by Felipé Major |.










A



Rubin draws
0-0 with

Barcelona...
See page 14

Athletes put the
S HAV W UMC

By BRENT STUBBS

As interesting letter
came into my email

from a group of senior track
and field athletes on the plight
of the Bahamas Association
of Athletic Associations’
upcoming annual general
meeting and their election of
officers.

The letter states that the
athletes, both active and
retired, felt it was time for
them to weigh in on the
salient event to elect a presi-
dent for their prestigious
organization, which has
undergone many changes in
recent times.

Although the athletes
declined to identify them-
selves, they made some criti-
cal point, which adds another
dimension to the whole make-
up of the BAAA or any of
the other major sporting bod-
ies for that matter.

Where's the Athletes Rep-
resentatives and why are they
not allowed to participate in
the election of their officers?

Track and field has been
the most vibrant sporting
body with the highest profile
on the international scene, yet
the association has yet to
make provisions for the voic-
es of its athletes to be heard.

With the elections sched-
uled for November 21, there's
no time for the BAAA to
meet and make amendments
to include such a body. But
there's still time for the asso-
ciation to hear the concerns
of the athletes.

While space won't allow for
the publication of the letter
in its entity, I wish to take this
opportunity to point out these
key aspects:

"We will not be deceived
with rhetoric and double stan-
dards," the athletes wrote.
"How is it that one can aspire
to reclaim leadership to an
organization when the insti-
tution was overwhelmed with
division and without a vision
during the tenure of the oust-
ed leader?

"This in our view portrays
arrogance. Our firm and fer-
vent desire is that any and all
candidates vying to reclaim a
position of leadership in the
BAAAA should begin with
open and honest confession

STUBBS



Wy"
OPINION

of their former management
of the institution."

The letter further states
that while the athletes know
they are not eligible to vote,
they do feel they should have
a voice in determining who is
elected to run the affairs of
the association.

And they're right because,
as they also stated, they have
and are forced to maintain a
high standard and likewise,
they should only expect the
same from the people who
lead them.

Let me state here that I'm
not taking any sides, but I
firmly believe that our leaders
must realize that without the
athletes, they won't have any
organization to manage. If our
athletes are not performing
to the level that will enable
them to qualify for the inter-
national meets, then there
won't be the need for a
national team to travel.

I just think that more con-
sideration must be given to
our athletes and that's not just
in track and field, but all
sports, if we're going to con-
tinue to make the inroads that
we've done so far.

The BAAA just happen to
be the one in the spotlight

SEE page 13

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GSSSA VOLLEYBALL SENIOR CHAMPIONSHIPS

Difficult opening

by RENALDO DORSETT
Sports Reporter
rdorsett@tribunemedia. net

Day one of the GSSSA Volleyball Senior
Championships proved to be a difficult outing
for the C.C Sweeting Cobras as both teams
lost the opening games of their respective
series.

In senior boys play the Cobras have much
ground to make up if they hope to repeat as
champions after a three set loss to the C.V.
Bethel Stingrays, while the girls fell in straight
sets to the defending champion C.R Walker
Knights.

The Stingrays overcame an opening set loss
to take game one 19-21, 19-14, 15-12.

The opening set was an equally played back
and forth contest with neither team leading
by more than two scores throughout.

The set featured 11 ties and 11 lead changes
with the Cobras getting the better of the
Stingrays late in the set.

The first tie came early in the set at 4, and
the Cobras took the biggest lead of the set, 11-
9 on a score by Gabi Laurent.

Tied at 19, Roosevelt Whylly spiked home a
score to give the Cobras a 20-19 lead and Ken-
vado Thomspon converted on the next play to
take the first set.

The second set proved to be a complete
turnaround as the Stingrays raced out to a
commanding 6-0 lead before the Cobras could
reach the scoreboard.

A bad serve ended the run for the Stingrays,
but they maintained the six point advantage for
much of the set.

day for the Cobras

The Stingrays led 10-4 before the Cobras
chipped into the advantage with a pair of kills
by Whylly and a block by Thompson to bring
them within three.

C.V Bethel stayed ahead by four scores,
before a final run won the set handily.

Ahead 14-10, Tre Adderley scored on con-
secutive scores and the Stingrays’ defense
forced a series of errors to take the second
set by six points.

In the third and deciding set, the Cobras
appeared to be well on their way to a game one
win, before the Stingrays defense once again
stepped up and forced a rally.

Jamon King became the hero, as he scored
three of his team’s final four points of the set.

The Cobras opened the set with a 4-0 lead,
only to have the Stingrays answer with five
scores of their own to take a 5-4 advantage.

The Cobras led 8-5 heading into the side
switch.

The Stingrays again pulled ahead 10-9, and
after a 10 all tie, King scored the first of his
many clutch points down the stretch.

King’s point sparked a 4-0 run capped by a
soft dink at the net which dropped in for a
14-10 lead.

Fittingly he spiked home the winner to give
the Stingrays a 15-12 win in the set and match.

Adderley led the Stingrays with 11 points
while King added four.

Laurent led the Cobras in a losing effort
with nine.

Play continues in both series today at the
D.W Davis Gymnasium, beginning at 4pm.





TRIBUNE SPORTS

THURSDAY, NOVEMBER 5, 2009, PAGE 13



LOCAL AND INTERNATIONAL SPORTS



Crawford leads Hawks
to victory over Blazers

By ANNE M PETERSON
AP Sports Writer

PORTLAND, Ore. (AP)
— Jamal Crawford is happy
with his new team and his
new role.

"This is the most fun I've
had because I haven't had
these kinds of athletes, ever.
So it feels good,” he said after
scoring 27 points off the
bench to lead the Atlanta
Hawks to a 97-91 victory over
the Portland Trail Blazers on
Tuesday night.

Al Horford's dunk with
56.6 seconds left made it 95-89
and all but sealed it for the
Hawks. Horford finished with
11 points and 13 rebounds.

LaMarcus Aldridge, who
was questionable going into
the game with a knee injury,
led the Blazers with 20 points
and 14 rebounds.

Horford's dunk on a fast
break put the Hawks up 86-80
with six minutes left in the
fourth quarter. He momen-
tarily stood underneath the
basket, staring down the Rose
Garden crowd in defiance
after Portland led by as many
as 12 points in the first half.

Portland's Travis Outlaw
made a jumper and a 3-point-
er to narrow it to 86-85, but
Crawford came back with a
jump from the top of the arc
with 4:01 left.

After Outlaw closed in
again with another jumper,
Joe Johnson hit a 3-pointer
to make it 91-89 for the
Hawks.

Andre Miller made a pair
of free throws for Portland
before Johnson's jumper and
Horford's dunk with just
under a minute left kept Port-
land at bay the rest of the
way.

Crawford, who was
acquired by Atlanta in the off-

season after splitting time
between New York and
Golden State last year, said
he's adjusting to his reserve
role.

"T think it gives us good
balance," he said. "We have a
really, really strong starting
five and we have a really good
bench, so we try to balance
both and make the best of it."

The Hawks (3-1) were play-
ing the second of a four-game
road trip. They fell 118-110
to the Los Angeles Lakers on
Sunday.

Aldridge played against the
Hawks after he was knocked
out of Portland's game Sun-
day at Oklahoma City with a
bone contusion on his right
knee. The Blazers (2-3)
defeated the Thunder 83-74.

The Blazers uncharacteris-
tically fell to 1-2 last home.
Last season they were 34-7
advantage at the Rose Gar-
den.

"T feel like our level of play
has got to go up,” coach Nate
McMillan said. "To win, we're
not playing as hard as we
need to win ball games.”

The Blazers and the Hawks
split their series last season,
with each team holding their
own at home. Portland has
won nine of the last 11 against
Atlanta at the Rose Garden.

The Blazers began to pull
away late in the first quarter,
capped by Brandon Roy's
two-handed jam to make it
25-15. Greg Oden padded the
lead to start the second with a
dunk off a pass from Miller.

But the Hawks came back,
with a 14-6 run capped by
Mike Bibby's 3-pointer to
close to within 43-41. The
Hawks narrowed it to 48-47
at the break. Atlanta was led
by Crawford, who had 15
points in the quarter.

"He was huge,” said coach



GREG ODEN (left) looks for an opening to the basket as Atlanta Hawks center Al Horford defends during

the first quarter of their game in Portland, Oregon, on Tuesday night...

Mike Woodson. "He's a shot-
maker. I haven't had a big-
time guy off the bench like
that who can score the ball.
Atlanta jumped up early in
the second half but it was
brief, marked by a Horford

Johnson leads NFL in rushing

shot that came to rest on the
space between the rim and
the backboard.

Portland came back to go
up by as much as 64-56 after
Steve Blake's 10-foot-jumper,
but again Atlanta answered
and led 72-69 at the end of

(AP Photo: Don Ryan)

three. Roy's step-back jumper
tied it for the Blazers at 80,
but the Hawks scored the
next six straight, capped by
Horford's fast break dunk,
with an assist from Crawford,
that made it 86-80.

GP) TOYOTA moving forward

NASHVILLE, Tenn. (AP) — Tennessee cor-
nerback Cortland Finnegan is fast, very fast. And
he refuses to even think about racing teammate
Chris Johnson.

Not even for fun.

“There’s some things you just don’t do,”
Finnegan said with a smile. “A Ferrari and a
Toyota Corolla will not race. I feel like Pll be a
Toyota Corolla. I’m not going to race a Ferrari.”

Johnson is the speedy second-year running
back from East Carolina who is leaving defend-
ers in his wake. He’s leading the NFL in yards
rushing (824) and yards per carry with a whop-
ping 6.9 average, and was the AFC offensive
player of the week Wednesday for his franchise-
record 228 yards rushing in last week’s 30-13 win
over Jacksonville.

Call it arrogant, but Johnson said he hasn’t
seen anyone match his speed — measured at
4.24 seconds in a 40-yard dash — yet in the NFL.

“T’m not all about my speed. I can make peo-
ple miss. I can break tackles,” he said.

It’s part of Johnson’s march to being one of the
NFL’s best, and this season’s goal is 2,000 yards,
which has been done only five times and not
since Jamal Lewis in 2003. If he reaches that,
Johnson plans to reward his linemen by buying
them cars. He has topped 100 yards three times
this season, and his 228 yards was the NFL’s best
since Adrian Peterson rushed for 296 on Nov. 4,
2007, against San Diego. It was also the 16th best
rushing total since the NFL/AFL merger in 1970.

Some running backs may have more touch-
downs than Johnson’s four, but each of his scor-
ing runs has been longer than 52 yards, and he is
busy rewriting the Tennessee record book, pass-
ing by names like Billy Cannon, Earl Campbell
and Eddie George. Johnson has two of the fran-
chise’s three longest TD runs with an 89-yarder
and a 91-yarder — both this season.

“It feels real good to look at some of the guys
who have played before me, then come in and
break a record. But records are made to be bro-
ken,” Johnson said.



MAGIC guard Vince Carter goes
down after injuring his ankle in
the second quarter of a game
against the New Jersey Nets...
(AP Photo: Bill Kostroun)

Magic’s
Carter
sidelined
with injury

ORLANDO, Florida (AP)
— Orlando Magic guard
Vince Carter was sidelined
against the Phoenix Suns on
Wednesday night with a
sprained left ankle.

Carter was first injured Fri-
day against New Jersey. Mag-
ic coach Stan Van Gundy said
Carter aggravated the ankle
again Tuesday night versus
Detroit. Carter’s status is day
to day.

The 32-year-old guard was
Orlando’s biggest free agent
splash this summer. The Mag-
ic acquired Carter from New
Jersey in a trade that sent
Courtney Lee, Rafer Alston
and Tony Battie to the Nets.
Orlando also received Ryan
Anderson.

Meanwhile, small forward
Mickael Pietrus returned to
the Magic’s lineup Wednes-
day after missing two straight
games with flu-like symptoms.

TOUGH TRUCK
smooth Ride

The Crushers remain undefeater

FROM page 12

kets from turnovers.
Turnquest was 3-5 from the

line in the third but missed sev-

eral easy lay-ups at the basket

The Crushers led 19-1 at the
end of the third quarter.

The fourth was the most pro-
ductive scoring quarter for St.
Bede’s as they outscored St.
Francis and Joeseph’s 22-2.

Malik Jones opened the scor-

Mackey was again the team’s
catalyst, dominating the offen-
sive boards, and scoring 10
points in the quarter.

Leading 36-1, Johnathan Fin-
layson converted two free
throws at the line for the

which he would normally con-
vert.

STUBBS OPINION

ing on the opening possession
with a baseline jumper.

Shockers for their only scores
of the half.

BAAA in the spotlight

FROM page 12

because their elections is on the horizon. But
whenever you have athletes speaking out
about your organization, I think it’s time to
take note.

ROBINSON SUPPORT

Tommy Robinson has been the name of
track and field for a long time.

He's still being remembered for his sole rep-
resentation on the international scene and his
name is inscribed on our national track and
field stadium.

But in recent years, Robinson has been side-
lined with stomach cancer and has reportedly
mounted a hugh financial bill and the Bahamas
Association of Athletic Associations is coming
to his rescue.

At age 71, Robinson has been the sporting
ambassador for the country and now it's time
for the country to show their gratitude in a
tangible way once again.

I say once again because in July, a commit-
tee called "Friends of Tommy Robinson" host-
ed a gala luncheon in his honor. The public
should be commended for the turnout.

On Saturday, December 12, the public is
once again being called upon to help Robin-

TO DISCUSS STORIES ON THIS PAGE LOG ON TO WWW.TRIBUNE242.COM

son. This time it’s true a 20 Mile Fight for
Cancer Relay Health Run.

It's a new initiative, but I feel it's one that
can really catch on and make an impact in our
country as competitive and non-competitive
athletes come together and compete for a wor-
thy cause.

It's not every day that this type of appeal is
made. But Robinson is not your ordinary per-
son. He has served as a great ambassador, a
mentor and a supporter for many of our ath-
letes.

Let's rally around and give Robinson our
support in this venture.

HAPPY BIRTHDAY SEA WOLF

Another remarkable Bahamian is in the
spotlight.

On Monday, Sir Durward ‘Sea Wolf’
Knowles celebrated another milestone, his
92nd birthday. But if you see him, he certain-
ly doesn't look that old.

Maybe it’s because of Knowles’ generosi-
ty, commitment and dedication to the
Bahamas, not just in sports, but just about
every aspect that he has been invited or will-
ingly supported.

We want to congratulate Knowles and wish
him every success in the future.

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PAGE 14, THURSDAY, NOVEMBER 5, 2009

INTERNATIONAL SPORTS

TRIBUNE SPORTS







FORMER NBA REFEREE Tim Donaghy leaves Brooklyn federal
court following his sentencing in New York. Donaghy was a free
man yesterday after serving most of a 15-month sentence in a gam-

bling scandal.

(AP Photo)

Ex-NBA ref
is released
from jail

BROOKSVILLE, Flori-
da (AP) — Disgraced for-
mer NBA referee Tim Don-
aghy was a free man on
Wednesday after serving
most of a 15-month sentence
in a gambling scandal.

Pat Berdan, a consultant
working with Donaghy, said
he was released from Her-
nando County Jail in Flori-
da, where he had been held
since August after officials
said he violated travel
restrictions while living at a
halfway house in the Tampa
area.

A New York judge sen-
tenced the former referee in
July 2008 after Donaghy
said he took thousands of
dollars from a professional
gambler in exchange for
inside tips on NBA games
— including games he
worked.

The 42-year-old pleaded
guilty to conspiracy to

engage in wire fraud and
transmitting betting infor-
mation through interstate
commerce in the tips-for-
payoffs scheme.

Donaghy served 13
months of the sentence.
During his stay in prison, he
wrote a tell-all book "Blow-
ing The Whistle," that does
not yet have a publisher.
Excerpts posted online
include accusations of
wagering between officials
working games, favoritism
toward star players, and
desires by the league to
extend playoff series.

The NBA has said it will
review the allegations that
appeared on the Web site
deadspin.com.

Executive Prison Consul-
tants, a consulting agency
working with Donaghy, has
said the former referee plans
to seek a job in sales or mar-
keting.

Rubin draws 0-0
with Barcelona

By DAVID NOWAK
Associated Press Writer

KAZAN, Russia (AP) —
Rubin Kazan held off the
constant attacking of
defending champion
Barcelona to earn a 0-0
draw Wednesday in the
Champions League.

Barcelona dominated
possession but lacked sharp
finishing against Rubin's
disciplined defense, leaving
the two teams with five
points each in Group F.

The visitors came closest
after only two minutes,
when Zlatan Ibrahimovic
curled a shot past goal-
keeper Sergei Ryzhikov
onto the outside of the post
after a precision through
pass by Xavi Hernandez.

Rubin substitute Alexan-
der Bukharov had the hosts’
best chance in the 79th. Vic-
tor Valdes ran out of the
Barcelona goal to smother
his shot.

The match was played in
freezing conditions in
Kazan, the capital of the
autonomous Tatarstan
republic.

After Ibrahimovic's miss,
Xavi's chip from 20 meters
(yards) sailed on to the roof
of the net in the 19th
minute. A minute later,
Messi dribbled past two
defenders but Ryzhikov
dived at the Argentine’s
feet to steal the ball.

Carlos Puyol blocked a
low drive from Ecuadore-
an midfielder Chistian
Noboa in the 25th, while
Messi struck a fierce shot
from 20 meters (yards) that
bounced just wide seconds
later.

Argentine striker Alejan-
dro Dominguez was a nui-
sance for the Barcelona
defense, jinking past sever-
al players in the 31st minute
before losing the ball from
some tight marking inside
the box.

Ryzhikov saved twice
again before the break,
from Andres Iniesta and

Ibrahimovic.

Barcelona was less potent
in the second half with
Rubin's defenders,
undaunted by their illustri-
ous Opponents, calmly deal-
ing with cross after cross.

Yaya Toure struck a

stinging drive from 30
meters (yards) after the
break that Ryzhikov par-
ried for his defense to clear.

Iniesta skipped past two
defenders and into the box
but shot wide in the 54th,
while Xavi sliced a long shot

past the post in the 67th.

A rare Rubin attack in
the 69th ended in
Dominguez shooting weak-
ly for the ball to bobble
wide.

Five minutes later,
Dominguez played Alexan-

FC BARCELONA’S Carles Puyol (left) fights for the high ball with Rubin Kazan Gokdeniz Karadeniz
during their Group F Champions League match in Kazan, Russia, yesterday...

(AP Photo: Sergey Ponomarev)

der Bukharov through but
the substitute could only
chest the ball down into the
arms of Valdes.
Barcelona substitute
Thierry Henry shot wide
when put through by Lionel
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Bid $ - Buying price of Colina and Fidelity
Ask §$ - Selling price of Colina and fidelity
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Weekly Vol. - Trading volume of the prior week
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Change - Change in closing price from day to day
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&

THE TRIBUNE

6

&

THURSDAY, NOVEMBER 5, 2009, PAGE 15

LOCAL NEWS



Burns House and Kalik support junkanoo groups

Junkanoo Fan Festival kicks off at the
Butler & Sands Grounds on November 7



PICTURED are representatives from the participating junkanoo groups along with representatives form the
Burns House Group and the Department of Culture. Seated (I to r) are: LeRoy Archer, managing director,
Burns House; Charles Maynard, Minister of State, Department of Culture; Wendell Seymour, corporate rela-
tions manager, Burns House. Standing (I-r): Eddie Dames, Saxons / Ministry of Culture; Sadira Levari-
ty, One Family; Shameka Johnson, Miss Cultural Bahamas; Les Johnson, The Roots; Davon Brennen, The
Valley Boys.

2009 ENERGY CONFERENCE

THE BAHAMAS CHAMBER OF COMMERCE & THE BAHAMAS HOTEL
ASSOCIATION IN COLLABORATION WITHTHE LS. EMBASSY
PRESENTS THE 2009 ENERGY CONFERENCE

‘Smart Energy Solutions for a Growing Economy’

THURSDAY, NOVEMBER 12", 2009
9:00 am - 5:00pm
Sheraton Nassau Beach Hotel

GUEST SPEAKERS:
The conference will feature local and international presenters

and panelists including The Hon. Earl Deveaux, Minister of the

the Environment, as well as Dr. Al Binger and representatives from the
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EMERA, Star Island Resort, BEC, Power Save International /
Total Energy Solutions, Kerzner International and

Caribbean Greensafe amongst others,

REGISTRATION TIME:
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REGISTRATION FEE:
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FOR MORE INFORMATION CONTACT:
The Bahamas Chamber of Commerce:
Tek 242-322-2145 | Email:into@thebahamaschamber.com

TO DISCUSS STORIES ON THIS PAGE LOG ON TO WWW.TRIBUNE242.COM

THE Burns House Group of Companies
and Kalik Beer have committed to supporting
four major junkanoo groups in their fundrais-
ing efforts by hosting Junkanoo 4.0: The Ulti-
mate Fan Festival.

This four-event series will take place at the
Butler & Sands grounds, and feature the Sax-
ons on November 7, the Valley Boys on
November 14, One Family on November 28,
and the Roots on December 5.

On its featured night, each group will per-
form a show-time hour, in addition to a rush-
out performance.

Junkanoo fans can expect to see the groups
exhibiting at their very best, as they fine tune
their shows for the upcoming Boxing Day and
New Years Day parades.

The gates will open at 6pm, with entrance
fees set at $5 before Spm, and $10 after. Gate
proceeds will aid the featured group of the
night.

Kalik Beer, whose name is derived from the

“kalik, kalik, kalikin” sound of cowbells used
in junkanoo, has supported the development of
the festivals and various other aspects of
Bahamian culture for the last 21 years. LeRoy
Archer, managing director of Burns House,
noted that, “With groups finding corporate
entities unable to contribute what they would
have in better economic times, we are extreme-
ly happy that we have figured out a way to
help junkanoo groups help themselves.

“These events will essentially help the groups
make it to Bay Street, while at the same time,
provide world class entertainment in a safe
environment.”

In addition to the junkanoo performance,
food and drinks will be on sale. Junkanoo 4.0:
The Ultimate Fan Festival has been endorsed by
Minister of State for Culture Charles May-
nard, and Bahamians, residents and tourists
alike are being encouraged to attend.

The Burns House Group reminded atten-
dees to drink responsibly.

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(Wy
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THE TRIBUNE
Ul .



Bahamas financial $2 Om

5]

THURSDAY,





NOVEMBER 5,



a



SECTION B ¢ business@tribunemedia.net

eroup’s ‘first step’
in regional growth

By NEIL HARTNELL
Tribune Business Editor

BAF Glob-
al Group, the
parent of
Bahamas-
based financial
services
provider
British Ameri-
can Financial,
yesterday said
it had grown COOPER
into a business
containing
“well over” $100 million in
assets and “just under”
100,000 policyholders through
its acquisition of British
American Insurance Compa-
ny (Cayman), the “first step”
in the Bahamian firm’s
regional and international
expansion.

Chester Cooper, BAF
Global Group’s chairman,
and president/chief executive
of British American Finan-
cial, told Tribune Business
from the Cayman Islands that
the move to purchase British
American Insurance Compa-
ny (Cayman) from its judicial
managers, KPMG, represent-
ed “the first step in our
regional strategy”.



* British American Financial
acquires Cayman operation
from receivers, giving
enlarged group ‘well over’
$100m in assets and almost
100,000 policyholders
collectively

* $2 5m infrastructure
investment in Bahamas
set to pay-off for Bahamian
interests via back office
outsourcing from Cayman

* Bahamian company exploits
CL Financial difficulties to
begin regional/international
growth plan

Mr Cooper described the
acquisition as “very positive”
for British American Finan-
cial and BAF Global’s
Bahamas interests, saying
there was “a real possibility”
that some of the Cayman
operation’s back office func-
tions would be outsourced
back to the Bahamas.

This, Mr Cooper told Tri-
bune Business, had been

SEE page 8B

Post Office privatisation called for

By NEIL HARTNELL
Tribune Business Editor

THE Government was yes-
terday urged to privatise the
Post Office, an ex-Bahamas
Chamber of Commerce pres-
ident telling Tribune Business
that inefficiencies in handling
mail and the early closures
caused by non-functioning air
conditioning systems were
adding to the “costs of doing
business”.

Returning to the theme that
the Government should get
out of running and owning
businesses, Dionisio
D’ Aguilar, Superwash’s pres-
ident, said delays in the send-
ing and receipt of return mail,
especially for companies send-
ing out bills and receiving
payments, caused accounts
receivables problems and
added to business costs.

These delays, he added,
also impacted consumers, as
they sometimes did not
receive bills from institutions
such as the banks and the util-
ity companies until after the
due date.

Suggesting that the Post
Office and its functions did
not seem to be important to
the Government, with the
administration “not interested
init”, Mr D’Aguilar suggest-
ed that the agency either be
outsourced to a private sec-
tor management who would

operate it, or privatise it alto-
gether.

Although the Government
was unlikely to earn a huge
sum of money from selling-
off the Post Office, Mr
D’ Aguilar said: “Perhaps it’s
something you could priva-
tise. Give someone a contract
to run it, and set performance
guidelines for them.

“Privatise the Post Office.
You would have a lot more
flexibility to innovate and get
rid of dead weight.” Many
developed world nations, such
as the UK and US, have
already privatised formerly
nationalised post offices and
mail delivery systems, such as
Britain’s Royal Mail, handing
them over to private sector
managers and owners who
have increased efficiency by
computerising them.

“Tt seems to be in distress;
it’s not working,” Mr
D’Aguilar said of the Post
Office. “The way we conduct
business in this country is still
very much send me a bill,
send you a cheque, and we
need a Post Office for that to
happen.

“So if you are a business
that requires the sending out
of bills, the Post Office is an
integral component of doing
business, especially if you are
in the accounts receivables

SEE page 3B

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Business Reporter
crobards@tribunemedia.net

group of young
Bahamian businessmen
yesterday told Tribune
Business they are devel-
oping one of the most
innovative and environmentally-friend-
ly gated subdivisions in New Providence,
sparing no expense on the latest tech-
nology in erecting the $20 million South
West Ridge Tuscan Shores Community.

Anthone Deveaux, chairman of
Green Thumb Investments, parent com-
pany of Tuscan Shores Development
Company, said the community was
developed with single family homes in
mind, especially with professional moth-
ers seeking security and comfort.

With the western district of New Prov-
idence producing a mass of new com-
munities, these entrepreneurs said they
have moved to produce a gated com-
munity with the old-world feel of Cen-
tral Italy, the latest in communication
infrastructure and some of the most
environmentally secure acreage of any
other community. The men secured the
services of a Bahamian botanist for the
purpose of saving and integrating indige-
nous trees and vegetation.

“We as a company take pride in being
more like land architects than land
butchers,” said Mr Deveaux.

According to him, residential lots are
65 per cent sold out and infrastructure is
80 per cent complete.

Fibre optic cable has been laid

By NEIL HARTNELL
Tribune Business Editor

PUBLIC sector unions

throughout the community to facilitate
the latest in communications, including
cable television, Wi-fi and telecommu-
nications, in order to cater to the young
professional market. And the fibre optic
technology will be used to integrate
triple play packages that bundle cable
television, Internet and telephone ser-
vices coming online in this country.

Shareholder Kelvin Leach said the
fibre optic cabling will also allow for a
state-of-the-art security system to forti-
fy Tuscan Shores.

“We are the first community in Nas-
sau using fibre optic technology in the
infrastructure,” he said.

Tuscan Shores will also feature under-
ground electrical facilities in order to
protect the community during storms
and maintain its aesthetic landscape.

Mr Deveaux said paving of the 10-
acre property could begin next month,
while buildings will start to go up near
the end of December and early next
year.

The group hopes to have the commu-
nity completed by early 2013, but due to
the current economic conditions apply-
ing brakes to certain aspects of the pro-
ject, construction could continue on into
2015.

Peter Baskin, the civil engineer with
the group, said at the height of con-
struction the site could create 50 to 60
permanent jobs. As a fully Bahamian-
owned company, Green Thumb Invest-
ments has made sure to employ a full
compliment of Bahamian firms to design
and complete the Tuscan Shores Pro-
ject.

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project 65% ‘sold out’

Designers have incorporated grand
green spaces with the community, going
above and beyond the Ministry of
Works’ requirements, with a common
pool facility, tennis courts and a chil-
dren’s play area.

The group hopes to also integrate as
many alternative energy sources as pos-
sible, including solar street lighting.

“We want to be as environmentally
friendly as possible and put in as much
alternative energy sources as we can
implement,” said Mr Deveaux. “We
have a responsibility to the environ-
ment.”

Lots in the community will begin at
$119,000, while the 1,500 square foot,
two-bedroom town homes will start at
$295,000 and 1,800 square foot three-
bedroom at $295,000.

According to the group, the square
footage of their town homes and houses
are larger than most communities cur-
rently being built. And construction of
houses will be held to strict building
codes that must be approved by a home
owners association. All of the buildings
and surrounding community will have
“European flare mixed with a little
island flavour”.

The men said they chose the
Westridge area because of its proximity
to the burgeoning western district, the
airport and downtown. Tuscan Shores is
nestled in the middle to upper-class
community of West Ridge.

“We’re the future of the Bahamas
and that comes with the responsibility to
construct a world class development - at
any level,” said Mr Leach.

‘Hold the line’ over public sector wages

* Salary increases could jeopardise IMF’s inflation targets
* Government urged to hold down industrial agreement
settlements to keep inflation and public finances



must “hold the line” on push-
ing for salary increases in
upcoming industrial negotia-
tions to keep inflation and the
public finances under control,
a leading Bahamian accoun-
tant said yesterday, as he
urged the Government to
include productivity clauses
to combat this nation’s rela-
tively low output per worker.

Raymond Winder, Deloitte
& Touche (Bahamas) man-
aging partner, said the Inter-
national Monetary Fund’s
(IMF) projections that

under control, and recovery on course
* Productivity ‘out of line’ with per unit of
labour output costs, says top accountant

Bahamian inflation would fall
to 1 per cent in 2009 and just
0.2 per cent in 2010, com-
pared to 4.5 per cent last year,
could be jeopardised by the
‘cost-push’ effects of increased
wage settlements with public
sector unions.

Referring the possibility of
industrial action by the Union

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sector unions helped raise the
cost base for utilities and oth-
er government-run agencies.

SEE page 11B

Share ¢ Read ¢ Inspire





PAGE 2B, THURSDAY, NOVEMBER 5, 2009

THE TRIBUNE





National energy policy must be more robust

By Audrey Ingram
Roberts

THE National Energy Pol-
icy Committee’s first report
provides some insight into the
challenges involved in formu-
lating such a policy for the
Bahamas. The policy’s vision
statement should indicate an
aim for the Bahamas to

TA Deany

become a low carbon econo-
my by some point in this cen-
tury. It should inform the
public of when the goal will
be reached; what constitutes
“low”, given our prevailing
realities; and how that goal is
to be achieved. The report
suggests that it is through pilot
studies that these metrics will
likely be generated (once

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smart indicators have been
identified, I suppose).
Nonetheless, it is important
that a policy communicates a
robust vision of a changed
future regarding energy.
Additionally, the policy
should stimulate enthusiasm
for a shared vision by all
stakeholders. A clear energy
policy framework will help

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stakeholders appreciate what
is involved in transitioning
from high to low carbon sta-
tus, and indicate the value
added to our society and our
environment in achieving this.

There are compelling rea-
sons why the Bahamas must
become a low carbon econo-
my. Those reasons have to do
with climate change, the
changing economic climate
and our sustainable develop-
ment objectives. Energy is the
pivot. It is both a threat to,
and opportunity, for attain-
ing sustainable development.
How we reduce the threat or
augment the opportunities
depends much on our willing-
ness to take responsibility for
how we consume energy now,
and how much we are pre-
pared to change at the micro
level where, as individuals we
live our daily lives, as well as
at the macro levels of social
and economic policy.

The Committee’s report
said that formulation of a
Conservation Policy will fol-
low the Energy Policy. That’s
linear planning, in my view.
Our environment is at the epi-
centre of all the compelling
reasons why the Bahamas’
goal must be to become a
low-carbon economy. It there-
fore has to embark upon a
structured transition process
to reach and sustain that goal.
Rather than following on the
heels of the energy policy for-
mulation process, conserva-
tion is itself a crucial pillar of
the energy policy framework,
and should be embedded as
a platform for action towards
the fulfillment of a robust
energy policy.

eA ee 5

Transitioning to a low car-
bon economy

“There are complex policy
challenges involved in man-
aging the transition to a low
carbon economy, and in
ensuring that societies can
adapt to the consequences of
climate change that can no
longer be avoided.” So says
the Stern Review, commis-
sioned by the British govern-
ment on the economics of cli-
mate change in a publication
released in 2006.

The truth of that statement
is meaningful for the energy
policy formulation exercise
currently underway in our
country.

The United Nations’
2007/2008 Human Develop-
ment Report announced that
if all countries were to emit
carbon dioxide at levels simi-
lar to the Bahamas, the world
would exceed its current CO2
output by over 200 per cent.
Although small in geographic
size, the Bahamas’ emission
levels per capita are above
those of all other Latin Amer-
ican and Caribbean countries
with a similar population size.
(Tribune editorial on Thurs-
day, December 13, 2007)

The operative term in the
statement is ‘per capita’, sug-
gesting that each citizen and
resident of the Bahamas
makes a heavy carbon foot-
print on the environment. The
statement challenges us to
build a low carbon economy,
and we are foolish if we think
the challenges are before us
and not within us. Unfortu-
nately, the tone of the Nation-
al Energy Policy Committee’s

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report is that the journey is
before us, even outside us -
in sector studies, data gap
analysis, upgrading the regu-
latory framework, imple-
menting new energy tech-
nologies and the like.
Undoubtedly, these are
required technical activities
in policy formulation, but do
they give us any urgency to
confront how we each per-
sonally impact upon the envi-
ronment and own the changes
we each must make? Hardly!

Every journey starts with
an understanding of where we
are, and where we are now is
on the fossil fuel platform.
Among the questions that
consumers often ask are: How
long do we have to stay on
this costly platform? Why
can’t we step faster on to the
renewable platform? When
will the legislation be in place
that permits us to step from
the fossil fuel platform to the
renewable, without risk of
breaking the law?

Overall, the Bahamas
wants to get at the high fruits
of alternative and renewable
energy. The committee’s
report is responsive to such
aspirations. However, the
point is this. The energy archi-
tecture to support those lib-
erating, higher hanging fruits
is still fossil fuel-based elec-
tricity, and will remain so for
some time. That is the reality
of where we are.

Retrofits and energy effi-
cient technologies — ‘the low
hanging fruits’ - are impor-
tant instruments in the transi-
tion process, especially those
world-class products that have
been designed to perform in
the context of the existing
energy platform.

But there are questions not
asked often enough by con-
sumers, such as: What can we
do now to efficiently manage
our energy consumption?
How can we save money, save
energy and save our environ-
ment?

Transitioning to a low car-
bon economy is an endeavor
that combines conservation
measures with energy efficient
technology. You cannot save
what you cannot measure.
Measurement is the first step
in taking responsibility. We
wouldn’t think to drive cars
without dashboards. By
knowing the distances to be
driven, the amount of petrol
required, and time it will take,
including peak traffic times,
we take control. Yet the mea-
surement of the energy we
consume is determined only
by BEC’s meters — informa-
tion we get after the fact in
our electricity bills.

World-class energy moni-
tors with web-based dash-
boards are on the market.
They show you instantaneous
and logged data of energy
usage, enabling you to take

SEE page 14B

Tee i AMOS OF THE







an
NaS,

THE TRIBUNE



Post Office
privatisation
called for

FROM page 1B

business. You need an effi-
cient, working Post Office to
send out the bills, for the
client to receive the bill, cut
the cheque and send it to you
in the mail.

“People that need to send
out lots of bills need to know
it’s working. You need an effi-
cient, working post office to
conduct your business.”

Mr D’Aguilar said it
seemed as if the Post Office
was a forgotten, neglected
arm of government, and
pointed out that it “makes the
cost of doing business more
if you have to run around
picking up cheques from
clients.

“The time it takes to deliv-
er mail from the General Post
Office to the satellite post
offices is like going to New
York and back.”

Mr D’ Aguilar said the mail
was still the preferred com-
munications means for send-
ing out bills, and receiving
payments and receipts, since it
was “cumbersome” to put a
host of charges and their
breakdown in an e-mail mes-
sage. And e-mail messages
were frequently forgotten
about or accidentally deleted,
unlike physical mail that was
hand-delivered or sent in the
post.

“The Post Office is still the
cheapest form of inter-island
delivery around the
Bahamas,” he added. “Mail
still has a function, and we
can’t negate it for the pur-
poses of doing business.”

INSIGHT

For stories behind news,
read /asigit Mondays



Foxwoods off

table ‘for the

moment

By NEIL HARTNELL
Tribune Business Editor

ALTHOUGH hopes that
world-renowned casino devel-
oper/operator Foxwoods
would take over management
of Our Lucaya’s resort and
casino have been placed on
the backburner “for the
moment”, the minister of
tourism and aviation said yes-
terday that such an “integrat-
ed management” deal
remained the “ultimate objec-
tive” for Freeport’s leading
hotel property.

Vincent Vanderpool-Wal-
lace told Tribune Business
that the Government had to
fall back on its second choice
to operate Our Lucaya’s casi-
no, Treasure Bay, when it
became clear that the resort’s
owner, Hutchison Whampoa,
and Foxwoods would be
unable to reach agreement
before the existing operator,
Isle of Capri, left at month’s
end.

Without a replacement
operator, that would have left
some 235 casino employees
jobless, a scenario unthink-
able to the Government with
unemployment nationwide -
and in Grand Bahama espe-
cially - already running at
around a likely 20 per cent
rate.

However, Mr Vanderpool-
Wallace said the Government
was still focusing on a “Fox-
woods-type deal”, where the
resort and casino were man-
aged by the same sole opera-
tor, as the ultimate sOlution
for Our Lucaya.

But minister says all Our Lucaya
parties agree on need for integrated
resort/casino management

“We have always said from
the beginning that Treasure
Bay would be more suucess-
ful, and any casino operator
would be more successful, to
the degree that we have inte-
grated management of the
resort and casino [at Our
Lucaya],” Mr Vanderpool-
Wallace told Tribune Busi-

Working

“We are already working
closely with Treasure Bay to
effect that........ That is our ulti-
mate goal, integrated man-
agement of the resort and
casino as one.”

When asked why the Fox-
woods deal had seemingly
been taken off the table, the
Government deciding to go
with its second option of
Treasure Bay, Mr Vander-
pool-Wallace said: “It was
very clear that some of the
other options being consid-
ered would take a much
longer time that allowed by
the need of Isle of Capri” to
exit its Our Lucaya operation
by end-October, as its Board
of Directors had committed
to.

“Treasure Bay was better
able to accommodate what we
needed to do in a shorter peri-
od of time,” the minister told

THE AIRPORT AUTHORITY

-
tg)

THE AIRPORT AUTHORITY

TENDER FOR SALE

Bids are invited for (2) two 2007 SUV 2400CC
Chery Tiggo Jeeps registration number 191304

serial no. LVVDB24BX7D007825 and registration
number 191305 serial no. LVVDB2B17D007826.
Inspection and viewing of vehicles may be done at the
Security Office (located in the former Police Station
at Lynden Pindling International Airport) between the
hours of 9:00a.m.-4:00p.m.
Monday thru Friday up to November 6, 2009,

Bids must be submitted in sealed envelopes addressed
to the undersigned and the envelope must specify
“BID FOR VEHICLES”. The Airport Authority re
serves the right to reject and/or not specifying “BID
FOR VEHICLES” . Faxed bids will NOT be

considered.

The Airport Authority reserves the right to reject any
and all bids without stating and reason(s).

Bids should be received no later than 5:00p.m. on
November] 3, 2009, Bids received after deadline will
not be considered.
There will be an opening of bids at 10:00a.m.,

Acting General Manager
The Airport Authority
Lynden Pindling International Airport
P.O. Box AP59222
Nassau, Bahamas

TO DISCUSS STORIES ON THIS PAGE LOG ON TO WWW.TRIBUNE242.COM





Tribune Business. “That’s not
to suggest in any way that we
do not have the utmost confi-
dence in the capacity of Trea-
sure Bay to do an outstanding

job.

“We’re already talking to
them about what we want to
accomplish.”

Mr Vanderpool-Wallace
implied that having separate
resort and casino operators at
Our Liucaya had been detri-
mental to the property’s per-
formance because the two
sides had effectively been
pulling in two directions, the
resort manager focusing on
filling rooms and making sure
they were paid for, and its
casino counterpart zeroing in
on high-roller players.

“Casinos that are com-
pletely integrated into our
resorts fare far better,” Mr
Vanderpool-Wallace said,
telling Tribune Business that
the Ministry of Tourism, casi-
no operators and Hutchison
Whampoa were all at one in
agreement on this issue.

“This is an objective we all
share in common,” Mr Van-
derpool-Wallace said of the
need for integrated manage-
ment.

“It’s a matter of how we get
there. That’s the hurdle to be
overcome, but we’ve not lost
sight of the objective.”

(ew)
Na LY,

THURSDAY, NOVEMBER 5, 2009, PAGE 3B

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PAGE 4B, THURSDAY, NOVEMBER 5, 2009

6

THE TRIBUNE



RBC FINCO is considering applications for

Two Mortgage
Specialists

The successful candidates should possess the following

qualifications:

¢ AICB or ABIFS or degree in Banking or a related field
would be an asset

¢ Five or more years banking experience

¢ Previous experience in portfolio and liability
administration would be an asset

Key Skills:

* Strong Negotiating/Selling

Leadership & Coaching

Relationship Building

Impact & Influence

Ability to manage multiple priorities

Demonstrated written and verbal communication skills
Proficiency in Microsoft Office

Ability to make sound credit analysis

Responsibilities include:

* Contributing to meeting team sales plans by acquiring
and growing profitable client relationships
Providing customized solutions and financial advice
designed to satisfy the client’s long-term goals on
obtaining a mortgage
Seeking out new clients by developing relationships
within the community and local centres of influence
Enhancing the experience of existing clients by
providing accessibility and one-on-one advice and
valuable information on the intricacies of having a
mortgage
Successfully anchoring clients with the eee
delivery channel within RBC Royal Bank of Canada

A competitive compensation package (base salary &
bonus) commensurate with relevant experience and
qualifications is offered.

Please apply before November 6, 2009 to:

Regional Manager

Human Resources
Caribbean Bankin

RBC Royal Bank of Canada
Bahamas Regional Office
East Hill Street

PO. Box N-7549

Nassau, N.P, Bahamas

Via fax: (242) 322-1367
Via email: bahcayjp@rbc.com

RBC FINCO

RBC > HELPING YOU SUCCEED
GE SoU eC COU Ons U LeU OL) 3) e

THE INSURANCE COMMISSION OF
THE BAHAMAS

EMPLOYMENT OPPORTUNITY
Analyst

The newly formed Insurance Commission
(a statutory corporation) is seeking analysts to
assist with the on-site and off-site examination of
insurance companies and intermediaries.

Responsibilities

* Reports to the Chief Analyst/Superintendent

* Responsible for the supervision of other
analysts /directly responsible for the
examination of licensees to ensure that licensees
are compliant with prudential requirements
through on-site and off-site examinations
Prepare/vet the preparation of examination
reports
Prepare/vet/approve on-site/off-site financial
analysis, letters and other correspondence as
necessary
Ensure that licensees databases are maintained
Supervision of other analysts/directly
responsible for the assessment of new
applications for licensees
Contributes to the refining of supervisory
methodology, policy development and the
formulation of new/revised legislation and the
related guidelines
Provide advice and information to licensees and
the wider public regarding complaints and
questions about licensees’ performance

ualifications/Skills
Professional Accountant / MBA in accounting /
Certification in Insurance/ experience in the
insurance industry
Financial analysis skills
Excellent leadership, communications,
teamwork and organization skills
Proficient in Microsoft office products to
intermediate level
Ability to work independently and multi-task
Excellent written and oral communications
skills
Knowledge of insurance industry an asset

Compensation

* A competitive compensation package
commensurate with relevant experience and
qualifications.

Deadline

* 13 November 2009

* Application including comprehensive resume to
be submitted by e-mail addresses to:

oric@bahamas.gov.bs



United States set to hit

By MARTIN CRUTSINGER
AP Economics Writer

WASHINGTON (AP) —
The Treasury Department
now expects to hit the gov-
ernment’s debt limit in



December, two months later
than its initial estimate, after
scaling back an emergency
loan program as the financial
crisis abated.

Treasury Department offi-
cials said Wednesday they’re

LEGAL NOTICE





NOTICE

Pursuant to the provisions of Section 137 (4) (a), (b) and
(c) of the International Business Companies Act, 2000, notice









is hereby given that:-

working closely with Congress
to pass the legislation need-
ed to boost the debt ceiling,
currently at $12.1 trillion, and
avoid an unprecedented
default on the nation’s debt
obligations.

Treasury also announced it
is ending sales of 20-year
inflation-protected securities
and will offer similar 30-year
securities starting next year.
The government believes the
longer maturity option will be
more popular with investors.

The legislation to increase
the debt limit is expected to
trigger a congressional debate
over the government’s soar-
ing deficits, which are pro-
jected to add another $9 tril-

lion to the debt burden over
the next decade.

The government initially
estimated the debt ceiling
would be hit last month, but
in September it reduced one
of the many emergency bor-
rowing programs to $15 bil-
lion, from $200 billion. That
cleared more room for the
government’s other borrow-
ing needs.

Congress still faces the need
to boost the debt limit by
around $1 trillion. Some sen-
ators have said they will not
support that action unless it
is linked to the creation of a
commission that would force

SEE next page



(a) QUICKSTART INC. is in dissolution;

(b) The date of commencement of the dissolution is
the 6th day of October, A-D., 2009 and

(c) the Liquidator is C.B. Strategy Ltd., of 308 East
Bay St.

C.B. Strategy Ltd.
Liquidator

LEGAL NOTICE

NOTICE

Pursuant to the provisions of Section 137 (4) (a), (b) and
(c) of the International Business Companies Act, 2000, notice
is hereby given that:-

(a) ZHIRVINGO LTD. is in dissolution;

(b) The date of commencement of the dissolution is
the 6th day of October, A-D., 2009 and

(c) the Liquidator is C.B. Strategy Ltd., of 308 East
Bay St.

CB. Strategy Ltd.
Liquidator

Hahamas Agnew

“The Bahamas First Agribusiness Organization”

NOTICE

in preparation for the upcoming
annual general meeting of the
bahamas agricultural producers
association (bapa), scheduled
for november 2009, we take this
Opportunity to encourage all
our members and those persons
wishing to become members to
come into the office, 8th terrace,
collins avenue and renew, or
complete, membership applica-
tions to become financial in order
to participate fully in the meeting.

the association is now develop-
ing forward momentum and you
must be financial if you wish to
participate in, or benefit fully
from the programmes that are
currently planned for its future.

Signed: Irwin G. Stubbs
President

Dated: October 26, 2009

LEGAL NOTICE

NOTICE

Pursuant to the provisions of Section 137 (4) (a), (b) and
(c) of the International Business Companies Act, 2000, notice
is hereby given that:-

(a) PROMNUTT LTD. is in dissolution;

(b) The date of commencement of the dissolution is
the 14th day of October, A.D., 2009 and

(c) the Liquidator is C.B. Strategy Ltd., of 308 East
Bay St.

CB. Strategy Ltd.
Liquidator

FOR SALE
by OWNER

Upscaled Gated Community
on Lake Cunningham

$270,000 obo

Residential Property
3/2 in Plantation, FL.

$285,000 obo

CP Cae 7 eke
herlley2@bellsouth.net

PUBLIC NOTICE

ROAD TRAFFIC
DEPARTMENT.

| hereby advise that all
persons/companies who have
not registered their (OT), On
Trial plates for the year 2009/
2010 to come in and register
their plates by December 31,
2009.

Failure to have plates
regularize would result in a
recall of all delinquent plates,
in . accordance with the Road
Traffic Act Chapter 220 Section

33.

CONTROLLER

TO DISCUSS STORIES ON THIS PAGE LOG ON TO WWW.TRIBUNE242.COM



an
NEY,

THE TRIBUNE

(en
Na LY,

THURSDAY, NOVEMBER 5, 2009, PAGE 5B





debt limit next month

Congress and the administra-
tion to take credible action to
restrain soaring deficits.

The administration has said
the current record deficits are
needed to get the country out
of a deep recession and stabi-
lize the financial system, but
that the President Barack
Obama will put forward new
proposals to trim future
deficits when he sends his
next budget to Congress in
February.

For the budget year that
ended on Sept. 30, the feder-
al deficit hit an all-time high
in dollar terms of $1.42 tril-
lion. As a percent of the total
economy, it stood at its high-
est level since the end of
World War II. The jump
reflected the massive spend-
ing from the $700 billion
financial bailout fund and the
$787 billion economic stimu-
lus package designed to get
the country out of the longest
recession since the 1930s.

“Deficits of this size are
serious and ultimately unsus-
tainable,” White House bud-
get director Peter Orszag said
in a speech Tuesday.

The deficits are making it
harder for the administration
to extend politically popular
stimulus programs, such as
support for the unemployed
and the tax credit for first-
time homebuyers, without
greatly increasing the size of
future deficits.

In its announcement
Wednesday, Treasury said it
decided to move to 30-year
inflation protected securities,
known as TIPS, because it
believe the longer maturity
would be more popular with

Sales Jobs

AVAILABLE

A New Jewellery Store
is OPENING on Bay Street

and we are looking for some energetic and outgoing
individuals to join the sales team immediately.

Experience with jewellery is a plus but we are willing

investors. Treasury also offers
TIPS in five- and 10-year
maturities.

The value earned by an
investor on a TIPS bond fluc-
tuates with changes in the
consumer price index, giving
investors protection that the
value of their bonds will not
drop if inflation accelerates.

Treasury also announced
that it will raise $81 billion in
its quarterly refunding opera-
tions next week including $40
billion in three-year notes to
be auctioned on Monday, $25
billion in 10-year notes to be
auctioned on Tuesday and
$16 billion in 30-year bonds
to be auctioned on Thursday.

Need to submit
word-perfect
documents or papers?

Expert proof-reading, editing or typing of

your Business Documents,

Reports, Term Papers or Essays

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Tel: 394-2078

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MANAGEMENT
Jobs Available

PAR NCS PI RCO CMV Releoibaoe for management positions within several of our retail store

locations.

¢ Must be energetic and outgoing and not be opposed
to working nights or weekend shifts.

PREG Tee emIGION MMOH OEE

re

to train non-experienced people who have the right

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attitude and personality.
P y and ambition to succeed.

To advertise, call 502-2371
POSITION WANTED

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

MANAGER ACCOUNTS & ADMINISTRATION

Applicants should have a BA Degree or a CPA,
ACCA, CA qualification or equivalent qualification.

The successful candidate will be responsible for all
financial and Administrative aspects of the company
and ensuring compliance to established company
policies and procedures.

The ideal candidate should:
Have a minimum five years experience in a
similar environment.
Have experience in compiling financial
statements.
Be able to prepare budgets and financial
reports for upper management.
Have experience liaising with banking
officers, auditors and insurance agents.
Be able to drive the administrative arm of the
company including computer systems.
Be able to communicate effectively with all
levels of management and staff.
Have a proven track record of meeting
deadlines.
Be proficient in Excel and Quickbooks.
Ability to communicate with international
franchisor and travel as necessary.
Be a team leader and able the multi task.
Posses integrity, excellent motivational skills
and assertiveness

The position offers an excellent remuneration and
benefits package.

Interested person should submit your resume to:

The Managing Director

Salary plus generous commission plan.
Fax resume to 393-5102
for immediate consideration.

i

DOWNSOUND Meco SIGMA Mi

Fax resume to 393-5102
for immediate consideration.

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PAGE 8B, THURSDAY, NOVEMBER 5, 2009

THE TRIBUNE





Rum Cay marina dispute resolved

THE dispute over owner-
ship of Rum Cay’s Sumner
Point Marina has been
resolved, it was said yester-
day, the two warring parties
annuncing in a statement that
they would work together for
“the betterment of the entire
island”.

Montana Holdings, devel-
oper of the $700 million Rum
Cay Resort Marina, which
acquired Sumner Point Mari-
na several years ago, had been
in dispute with former owner
Bobby Little, who had alleged
they had failed to pay him the
full purchase price and not
met the terms of their trans-
action. This was denied by
Montana Holdings.

“More than two out of
every three local residents on
Rum Cay is dependent direct-
ly or indirectly on the Sumner
Point Marina,” said Michelle
Curtis, director of operations
for New England Marine Ser-
vices, which had been oper-



A VIEW of Sumner Point Marina, Rum Cay...

ating the marina for close to
two years.

“Tt is not merely the main
economic driver, it is the
lifeblood of the island and it
would be unconscionable for
either of us to allow our busi-

ness differences to cause peo-
ple to suffer, so for the bet-
terment of the entire island,
we are pleased to announce
that Montana Holdings,
through its associate compa-
ny, New England Marine Ser-

vices, and Robert Little and
family have put our differ-
ences aside officially with an
agreement signed today.”
According to the terms of
the agreement, management
will revert to Mr Little, with

the full support of New Eng-
land Marine Services, while
the agreement for sale will
continue in place.

“Although this was aired
quite publicly, which is unfor-
tunate because it makes it
appear personal, the reality is
that both parties, New Eng-
land Marine Services, Mon-
tana Holdings and my family,
are part of a bigger picture of
what has transpired all over
the world,” said Robert ‘Bob-
by’ Little. “The state of the
global economy and the lim-
ited funds available for for-
eign investment took their toll
around the world.

“Rum Cay and Sumner
Point Marina, the main
income producer for the
island that was in the process
of being sold, were caught in
that conundrum.

“Tam appreciative of the
improvements that Montana
and New England Marine
Services have made, and I

believe that there is enough
flexibility in the agreement
that both parties will be satis-
fied their interests are being
protected while knowing that
each has worked out a way to
work together for the best
outcome for the people of
Rum Cay.”

The marina that recently
earned Ministry of Tourism
approval for a hotel licence
provides dockage, fuel, beach-
side accommodations and a
popular restaurant and bar.
Visitors have access to wire-
less Internet, air-conditioning,
satellite TV and other ameni-
ties.

Both parties said they
mutually wanted to settle
their differences before the
start of the busy season, not-
ing that Thanksgiving was
usually very active for the
island in the southern
Bahamas, known for its fish-
ing, diving, striking scenery
and laid-back atmosphere.

Bahamas financial group’s ‘first step’ in regional growth

FROM page 1B

made possible by the $2.5 mil-
lion investment made in
British American Financial’s
infrastructure, computer sys-
tems, product development
and staff since BAF Global
Group acquired the business
in February 2007.

Some $1.2 million had been
invested in British American
Financial’s IT systems, includ-
ing an insurance database sys-
tem with the capacity to han-
dle 300,000 policyholders.

With some 10,00-12,000
policyholders, $30 million in
assets and $500 million in life
insurance coverage in force,
Mr Cooper said that when
added to BAF Global
Group’s Bahamas interests,
British American Insurance
Company (Cayman) would
create a group with “well
over” $100 million in assets.

British American Financial

had “just under” $100 million
in assets in the Bahamas, and
Mr Cooper said that Bahami-
an and Caymanian operations
combined would give the
group “close to 100,000
clients” and policyholders.

He added that when BAF
Global Group acquired
British American Financial in
the Bahamas in 2007, it inher-
ited 80,000 clients, implying
that its Bahamian client base
had grown by around 10,000
since then to around 90,000.
The Caymanian deal accounts
for the rest.

BAF Global Group’s Cay-
manian acquisition and
expansion has been made
possible by the well-publicised
difficulties of British Ameri-
can Insurance Company
(Cayman’s) parent, Trinidad-
based CL Financial, which
also owned CLICO
(Bahamas), the insolvent
Bahamian life and health

| Orbe china Filoas Fbeintnas Cowsler

ICK BARNES

=

insurer now in court-super-
vised liquidation. Although
the purchase price was not
publicised yesterday, it seems
likely that BAF Global
Group purchased a relative
bargain.

“Cayman was always top of
the charts in terms of where
we wanted to go with region-
al and international expan-
sion,” Mr Cooper told Tri-
bune Business. “British
American’s Cayman branch
happened to be an opportu-
nity to get into the market,
and at significant size, [so] we
took the decision to do the
acquisition.

“Tt is our strategy to con-
tinue expanding regionally
and internationally... It’s the
first step in our regional strat-
egy. There are a lot of bene-
fits with respect to the busi-
ness itself, and a lot of syner-
gies can be created between
the business here and the

business in the Bahamas.
Really, it was an excellent fit.”

John Wilson, the McKin-
ney, Bancroft & Hughes
attorney and partner, and an
investor/shareholder in BAF
Global Group, told Tribune
Business: “This is the first step
outside the Bahamas, and the
onset of the realisation of our
aspirations to become a truly
global company.

Cayman

“We thought the Cayman
Islands were a natural fit for
our expansion goals, and we
that the current crisis amongst
the CL Financial entities real-
ly presented some opportuni-
ties for anyone who was bold
enough to step in.”

British American Insurance
Company (Cayman) had a
“core business” and products
and services that were simi-
lar to British American Finan-

“Rewarding. My work at The Tribune 1s creative and challenging. I enjoy

contributing to the look of our newspaper, while meeting the needs of

our advertisers. | enjoy working here. The Tribune is my newspaper.”

The Tribune

My Voice. My Mouzpaper!

TO DISCUSS STORIES ON THIS PAGE LOG ON TO WWW.TRIBUNE242.COM

ESTHER BARRY
PRODUCTION MANAGER
THE TRIBUNE

cial’s traditional strengths, Mr
Cooper said, and also had a
strong presence in pensions -
mandatory in Cayman - and
health insurance.

Mr Cooper described
British American Insurance
Company (Cayman) as “one
of the crown jewels” in the
British American empire that
extended throughout the
Caribbean, and the compa-
ny’s purchase had been
approved by all the relevant
regulators in both Cayman
and the Bahamas, including
the latter’s Insurance Com-
mission, Central Bank of the
Bahamas and Supreme Court.

When asked by BAF Glob-
al Group had decided to
embark on an
expansion/acquisition strategy
at a time when most compa-
nies were adopting a conserv-
ative stance due to the global
recession, Mr Cooper replied:
“We have a long-term view



on business. The economy is
cyclical, and the one thing we
have always realised is that
recessions are sometimes
good for business opportuni-
ties.

“We have been very delib-
erate in terms of what we
acquire, and we wanted to
wait for the right opportunity.
We found this to be the right
opportunity, and because
we’ve managed the opera-
tions in the Bahamas very
prudently we’ve been able to
take advantage of this partic-
ular opportunity at a time
when others might be hurt-
ing.

“We’re in business for the
long haul. We see this as a
strategic fit for our business,
and an opportunity to expand
regionally and globally. Our
Board was able to respond
very quickly, make the deci-
sion and make the invest-
ment.”





an
Na,

THE TRIBUNE

(en)
Na LY,

THURSDAY, NOVEMBER 5, 2009, PAGE 9B





US rates likely to stay at record low

By JEANNINE AVERSA
AP Economics Writer

WASHINGTON (AP) —
Faced with lurking dangers to
the budding recovery, Feder-
al Reserve policymakers are
sure to leave a key interest
rate at a record low to entice
Americans to spend more and
help the economic turnaround
gain traction.

The economy started to
grow again last quarter for the
first time in more than a year,
although there are uncertain-
ties about the strength and
staying power of the recov-
ery, especially after govern-
ment supports are removed.

Fed Chairman Ben
Bernanke and his colleagues,
wrapping up a two-day meet-
ing Wednesday, are likely to

note the country’s economic
and financial improvements.
But they’ll also warn that ris-
ing joblessness and hard-to-
get-credit for many people
and companies will restrain
the rebound in the months
ahead. Troubles in the com-
mercial real estate market,
where soured loans are con-
tributing to bank failures, also
remain a concern.

At its last meeting in late
September, the Fed opted to
stretch out into early next
year a key program aimed at
forcing down mortgage rates
and providing support to the
housing market. The central
bank isn’t expected to veer
from that course Wednesday.

Wanting to nurture the
recovery, the Fed is widely
expected to keep the target

try Estate

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ene we ee D2

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for ad rates

range for its bank lending rate
at zero to 0.25 percent. If it
does, commercial banks’
prime lending rate, used to
peg rates on home equity
loans, certain credit cards and
other consumer loans, will
stay at about 3.25 percent, the
lowest in decades.

“T don’t think there is con-
fidence at this point that the
economy is firing on all cylin-
ders by itself,” said Bill
Cheney, chief economist at
John Hancock Financial Ser-
vices. “It is not ready to be
weaned off the extra fiscal
and monetary support.”

Against that backdrop,
many economists predict the
Fed will maintain a pledge to
keep rates “exceptionally
low” for an “extended peri-
od.” The hope is that super-

Seal ks



Live in Love to Live in Peace F

NOVEMBER u 4 14

(FRIDAY & SATURDAY)





low rates will spur consumers
and businesses to spend more,
supporting the recovery.

The Fed has leeway to do
this because inflation has
been low, economists said.

“The central bankers in the
U.S. and Europe are consid-
ering the exit strategies,” said
Sung Won Sohn, economist
at California State Universi-
ty’s Smith School of Business.
“Even the thought of an exit
strategy could spook the
financial markets and raise
the bond and mortgage yields,
hurting the economy.”

Still, there are differences
of opinion within the Fed
about when it might need to
start boosting rates — and
how aggressively — to fend
off inflation.

Inflation hawks, including
the presidents of the Fed
banks in Dallas, Philadelphia
and Richmond, worry more
about super-low borrowing
costs and other special sup-
ports driving prices higher.
But waiting too long could
touch off inflation.

If the recovery takes hold,
many analysts think the Fed
could start to raise rates in
the spring or summer.
Bernanke and other Fed offi-
cials would try to prepare
investors, businesses and ordi-
nary Americans of a shift in
stance well in advance of any
upcoming shift in stance. One
clue would come when the
Fed opts to drop its “extend-

ed period” language, analysts
said.

Whenever the Fed starts to
boost rates, unemployment
likely will still be high, ana-
lysts said. The worst recession
since the 1930s caused com-
panies to slash jobs and other
costs to survive. They won’t
ramp up hiring until they are
confident the recovery is
entrenched.

The unemployment rate —
now at a 26-year high of 9.8
percent — is expected to keep
rising, Bernanke and other
Fed officials have said. Econ-
omists predict it will hit 9.9
percent when the government
releases the latest snapshot
on employment conditions on
Friday. It could rise as high
as 10.5 percent around the
middle of next year before
declining gradually, analysts
said.

Beyond rates, Fed officials
in September were conflicted
over whether to expand or cut
back a program intended to
drive down mortgage rates
and prop up the housing mar-
ket, according to minutes of
the closed-door deliberations.

They ultimately agreed to
slow down the pace of a $1.25
trillion program to buy mort-
gage securities from Fannie
Mae and Freddie Mac, wrap-
ping up the purchases by the
end of March instead of at
year-end. So far, the Fed has
bought $776 billion of mort-
gage securities.

HUH pe

The central bank was not
divided over another part of
program to buy $200 billion
worth of Fannie and Freddie
debt. It has bought $141.6 bil-
lion so far.

The Fed’s efforts have
helped lower mortgage rates.
Rates on 30-year loans aver-
aged 5.03 percent, Freddie
Mac reported last week, down
from 6.46 percent last year.

Meanwhile, the Fed is mov-
ing quickly on plans to police
banks’ pay policies to dis-
courage reckless gambles by
executives, traders, loan offi-
cers and other employees.

The nation’s top 28 banks
face a Feb. 1 deadline for sub-
mitting employee compensa-
tion plans to the Fed. The Fed
isn’t setting compensation, but
it will have the power to reject
pay plans — and call for
changes in them.

The Fed also will be
encouraging — though not
requiring — banks to revise
this year’s pay plans if they
are significantly out of step
with principles the Fed has
recently proposed to discour-
age excessive risk taking.

Elsewhere, the British gov-
ernment on Tuesday moved
to break up two major banks
— Royal Bank of Scotland
and Lloyds Group — that
have been bailed out by tax-
payers. At the same time, the
government injected more
public cash into them.

BAHAMAS OIL REFINING COMPANY LIMITED
VOPAK TERMINAL BAHAMAS

CHIEF FINANCIAL OFFICER

A vacancy exists within the Finance Department for a Chief Financial Offi-

cer. The Chief Financial Officer reports to the Managing Director.

He/she is

responsible to assist in strategic planning, the development and pricing of
new products, services and determination of financial capital requirements.
Analyze and interpret financial information required by the Managing Direc-
tor and Executive Management in order to make sound business decisions and
to bring the financial organization, processes, policies and reporting practices
to a level of sophistication appropriate to a leading world-class company. The
Chief Financial Officer functions as part of the senior management at the busi-
ness unit level, interacting with various departments, provide financial leader-
ship, oversight for company-wide accounting policies, control and procedures,
and ensuring the consistent application of International Accounting and Finan-
cial Reporting Standards and corporate policies throughout the organization.

The successful candidate will be required to:
Support the Managing Director in financial assessment of new business
development and implementation of internal controls.

Conduct monthly business performance reviews.

Supervises all accounting, treasury and financial matters including
general accounting financial reporting, budgeting, capital funding,
financial systems, and merger and consolidation accounting.

Ensure that the financial organization is designed and staffed with the
appropriate skills in order to maintain the integrity, accuracy and the
timeliness of financial reporting.
Provide independent and objective appraisals of the Company’s business
and function to ensure that they are operating with effective internal ac

counting controls.

The Chief Financial Officer must have a strong technical and analytical back-
ground with an understanding of IAS or US GAAP accounting and reporting
standards. He/She must have the ability to set and manage priorities, meet dead-
lines within compressed timeframes and handle multiple tasks simultaneously.
He/She must have a successful track record in partnering with line management
to develop strategic and operating business plans, effective systems of control
and metrics for a dynamic global business. Some travel required. Strong com-
munication and managerial skills are essential.

Education:

° Bachelor’s degree in Accounting or Finance
° Master’s degree in business, a plus

Licensing/Certification:
° CA or CPA a must

Experience:

° 10 - 15 years of relevant accounting and reporting experience at a senior

level

Experience with business planning and budget preparation
Experience in treasury function activities: bank relationships, revolver
and cash management
Experience in reporting to lenders under credit agreements
Experience in developing and improving internal control systems
Experience in external or internal auditing
Supervisory experience of multiple tasked department

Experience in partnering with line management

External reporting experience
Experience in the energy industry, preferred

Applications should be submitted to the:

Managing Director

Bahamas Oil Refining Company International Limited

Dba Vopak Terminal Bahamas

P. O. Box F-42435, Freeport, Grand Bahama

On or before November 6, 2009

TO DISCUSS STORIES ON THIS PAGE LOG ON TO WWW.TRIBUNE242.COM







THE TRIBUNE

THURSDAY, NOVEMBER 5, 2009, PAGE 11B





‘Hold the line’ over public sector wages

FROM page 1B

In turn, these costs were often
passed on to consumers,
fuelling price inflation for the
Bahamian public and poten-
tially delaying economic
recovery.

Turning to the IMF’s infla-
tion projections for the
Bahamian economy, Mr
Winder told Tribune Busi-
ness: “Both figures are likely
to be impacted by the union
negotiations the Government
is going to get involved in.

“To the extent the Govern-
ment has to respond to these
negotiations, we will have
inflation, but it will be infla-
tion that is internally gener-
ated. To the extent we can
hold the fort we will be OK,
but if the Government gives
in over these negotiations,
you’re going to see some
increases in costs to the aver-
age Bahamian through enti-
ties the public has to use.”

Inflation

Describing wage-driven
inflation as a “big threat” to
the Bahamas’ supply-side eco-
nomics and economic recov-
ery, especially given its rela-
tively low worker productivi-
ty, Mr Winder said the Gov-
ernment was likely to face
two to three industrial agree-
ment negotiations per year.
Apart from UTEB, talks with
the nurses are also due to
reconvene at some stage.

“To the extent that only
one of these came up, that
could further exacerbate the
situation and further delay the
recovery for the Bahamas in
terms of its ability to attract

foreign direct investment as
things improve,” Mr Winder
said.

Apart from the inflation
issue, the senior accountant
added that increased public
sector wage settlements
would also increase the pres-
sure on the Government’s
finances and their ability to
meet these higher payments.

“The Government’s rev-
enues are down more than
they expected, and it creates
challenges for the Govern-
ment to meet those commit-
ments, as they have to bor-
row more than anticipated,”
Mr Winder explained to Tri-
bune Business.

“The likelihood is that rev-
enues are going to be down,
because the level of activity
is down, as individuals are not
purchasing in the same quan-
tities as they did two to three
years ago.

“To the extent revenue is
challenged, the Government
is going to find itself chal-
lenged in how it responds to
[the demands] of union
groups.”

Mr Winder added: “The
message is simply that we
should understand we need
to hold the line, and not
expect government to be in a
position to entertain contracts
where they give them more
than they were making
before.

“The more pressure you
put on the Government, the
more pressure you put on the
public finances by forcing the
Government to borrow more
than they need to do.” This,
the accountant said, had
implications for both the fiscal
deficit and the Bahamas’

Legal Notice

NOTICE
WINTER THORPE INC.

x

Notice is hereby given that in accordance with Section

138 (8) of the International Business Companies Act
2000, the dissolution of WINTER THORPE INC. has

been completed; a Certificate of Dissolution has been is-

sued and the Company has therefore been struck off the

Register.

ARGOSA CORP. INC.
(Liquidator)

Legal Notice

NOTICE

debt-to-GDP ratio, which is
soon likely to hit the 50 per
cent barrier.

Critical

And the critical component
in any public sector industrial
agreement talks will be for
the Government to insert a
clause linking pay to worker
productivity, Mr Winder
explained.

Describing it as “the big
question”, he said: “If the
Government finds itself in a
position where it has to yield,
it ought to ensure that what it

agreed to is tied to productiv-
ity.”

Rather than just base pay
rises on seniority and years of
service, Mr Winder said: “The
Government should make
these various entities more
accountable for the monies
they are receiving out of the
general purse. How has the
general Bahamian public ben-
efited from current salary
increases, and if we give more
in the future, how are we
going to get more productivi-
ty?
“It’s only through increased
productivity that we will keep

the further costs of doing
business in the Bahamas
down.”

Mr Winder told Tribune
Business that wage levels in
the Bahamas were “out of
line” with the “unit costs of
productivity” and output,
which were higher than most
competitors.

“While in other jurisdic-
tions salaries might be higher,
the unit cost of productivity
in the Bahamas is higher than,
for example, Cayman and
Bermuda. The person may be
making more, but the output
per person is where we are

getting hit.

“The salary costs are not
out of line, but that is not
what we should be compar-
ing; it is what we are getting
for that salary’s cost. We are
out of line there.”

Mr Winder identified the
publicly-owned utility com-
panies as “the real big dri-
vers” of costs and wage infla-
tion, and said the Govern-
ment needed to be careful
about “trend-setting”. Once
it gave into one union, others
would demand the same
treatment when their own
negotiations commenced.

LT LO INTERNATIONAL LID.

2

é

Notice is hereby given that in accordance with Section
138 (8) of the International Business Companies Act 2000,
the dissolution of L TLO INTERNATIONAL LTD. has
been completed; a Certificate of Dissolution has been is-
sued and the Company has therefore been struck off the

Register.

ARGOSA CORP. INC.
(Liquidator)

Legal Notice

NOTICE
YANI INVESTMENT GROUP LID.

—

-

Notice is hereby given that in accordance with Section 138
(8) of the International Business Companies Act 2000, the
dissolution of YANI INVESTMENT GROUP LTD. has
been completed; a Certificate of Dissolution has been is-

sued and the Company has therefore been struck off the

Register.

ARGOSA CORP INC.
(Liquidator)

TO DISCUSS STORIES ON THIS PAGE LOG ON TO WWW.TRIBUNE242.COM

PUBLIC NOTICE

INTENT TO CHANGE NAME BY DEED POLL

The Public is hereby advised that |, VERNITA MINNIE-LEE
HANNA intend to change my name to VERNETHA MILDRED
HANNA GILBERT. If there are any objections to this change
of name by Deed Poll, you may write such objections to the
Chief Passport Officer, P.O.Box N-742, Nassau, Bahamas no
later than thirty (30) days after the date of publication of this
notice.

NOTICE

NOTICE is hereby given that DEMCEY ALINGTON MARTIN
of FLORIN DRIVE #4, FREEPORT, GRAND BAHAMA,
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 5th day of November, 2009 to the Minister
responsible for Nationality and Citizenship, P.O.Box N-7147,
Freeport, Bahamas.

Legal Notice

NOTICE
SIVA OCEAN LTD.

——

#

Notice is hereby given that in accordance with Sec-
tion 138 (8) of the International Business Companies
Act 2000, the dissolution of SIVA OCEAN LTD. has
been completed; a Certificate of Dissolution has been is-
sued and the Company has therefore been struck off the

Register.

ARGOSA CORP. INC.
(Liquidator)

Legal Notice

NOTICE
UCKFIELD LTD.

——_

#

Notice is hereby given that in accordance with Sec-
tion 138 (8) of the International Business Companies
Act 2000, the dissolution of UCKFIELD LTD. has
been completed; a Certificate of Dissolution has been is-
sued and the Company has therefore been struck off the

Register.

ARGOSA CORP. INC.
(Liquidator)

Legal Notice

NOTICE
ELGIN VENTURES LID.

— -,——

2
Notice is hereby given that in accordance with Section
138 (8) of the International Business Companies Act
2000, the dissolution of ELGIN VENTURES LTD. has
been completed; a Certificate of Dissolution has been is-
sued and the Company has therefore been struck off the

Register.

ARGOSA CORP. INC.
(Liquidator)



NOTICE

NOTICE is hereby given that Jason Jeremie of Marathon
Estates, P.O. Box SS 5807, Nassau, The 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 5" day
of November, 2009 to the Minister responsible for nationality and
Citizenship, P.O. Box N-7147, Nassau, Bahamas.

NOTICE

NOTICE is hereby given that ROSELAINE PETIT-HOMME of
EIGHT STREET GROVE of ROBINSON ROAD, 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 5th day of November, 2009
to the Minister responsible for nationality and Citizenship, P.O. Box
N-7147, Nassau, Bahamas.



Legal Notice

NOTICE
HARVEST VENTURES LTD.

——

#

Notice is hereby given that in accordance with Section
138 (8) of the International Business Companies Act 2000,
the dissolution of HARVEST VENTURES LTD. has
been completed; a Certificate of Dissolution has been is-
sued and the Company has therefore been struck off the

Register.

ARGOSA CORP. INC.
(Liquidator)

Legal Notice

NOTICE
ORMSKIR VENTURES LID.

— a

#

Notice is hereby given that in accordance with Section
138 (8) of the International Business Companies Act 2000,
the dissolution of ORMSKIR VENTURES LTD. has
been completed; a Certificate of Dissolution has been is-
sued and the Company has therefore been struck off the

Register.

ARGOSA CORP. INC.
(Liquidator)

Legal Notice

NOTICE
TEMUCO FUTURES LTD.

———

#

Notice is hereby given that in accordance with Section
138 (8) of the International Business Companies Act
2000, the dissolution of TEMUCO FUTURES LTD. has
been completed; a Certificate of Dissolution has been is-
sued and the Company has therefore been struck off the

Register.

ARGOSA CORP. INC.
(Liquidator)





PAGE 12B, THURSDAY, NOVEMBER 5, 2009

THE TRIBUNE





Health care delay causes
further Obama problems

By CHARLES
BABINGTON
Associated Press Writer

WASHINGTON (AP) —
Delay is rarely good for politi-
cians trying to pass legislation.
The possibility that Congress
might not complete action on
a major health care bill this
year is another frustration for
President Barack Obama and
his allies.

Even if it doesn’t sink the

health care effort, a delay
would raise new uncertainties
and push other domestic pri-
orities further back. It also
would give opponents a
chance to pick off nervous
Democratic lawmakers eye-
ing their November 2010 re-
election campaigns.

Even some House Democ-
rats with safe seats don’t like
the idea of voting on a con-
tentious bill until it’s clear that
the Senate will follow suit.

MINISTRY OF THE
ENVIRONMENT

Sale Of Lots In Area Immediately West
Of Blackbeard’s Terrace Subdivision

It has been brought to the attention of the Ministry
of The Environment that lots have been offered
for sale to the public in a 16.704 acre tract of land,
situated immediately west of Blackbeard’s Terrace
Subdivision. Please note that there is no approval
of this Subdivision as required under the Private
Roads and Subdivision Act.

The public is strongly advised to make enquires
at the Ministry of The Environment before
purchasing lots in the subject area or in any
subdivision where the seller is unable to provide
the prospective buyer with a copy of a plan stamped
approved for sale of lots by the Ministry of The

Environment.

Signed:
Ronald W. Thompson
Permanent Secretary

Ministry O
PUBLIC NOTICE

RE: Real property tax Surcharge Waiver Notice.
The principal Act is amended by the insertion
immediately after section 21 of the following new
section 21A and 21B respectfully.

Section 21 A Waiver of surcharge.

Notwithstanding section 21, any surcharge which
has accumulated in respect of

* (a) owner-occupies property with a market
value of up to two hundred and fifty thousand
dollars ($250,000.00) shall be waived.

(b) owner-occupied property which exceeds

two hundred and fifty thousand dollars, shall
be waived if the outstanding real property tax
is paid on or before December 31, 2009: and

(c) other property, shall be waived by fifty per
cent if the outstanding real property tax is paid
before December 31, 2009.

Section 21 B Revival of Surcharge
If after December 31, 2009 any real property tax
remains outstanding in respect of

* (a) owner-occupied property with a market
value of up to two hundred and fifty thousand
dollars ($250,000.00)

* (b) owner-occupied property which exceeds
two hundred and fifty thousand dollars

* (c) other property

The owner of such property, shall be liable to pay a
new surcharge of five per centum (5%) of such tax

per annum.

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Adding to Democratic
unease were losses in guber-
natorial races in Virginia and
New Jersey on Tuesday, with
independent voters flocking
to the Republicans. The
results could force House
Democrats in competitive dis-
tricts to think twice about
Obama’s agenda, including
health care.

House Speaker Nancy
Pelosi, D-Calif., dismissed
that notion Wednesday,
focusing instead on the par-
ty’s win in two congressional
special elections.

“From our standpoint ... a

candidate was victorious who
supports health care reform,
and his remarks last night said
this was a victory for health
care reform and other initia-
tives for the American peo-
ple,” she said. “So from our
standpoint we picked up votes
last night, one in California
and one in New York.”
Obama has swallowed one
disappointing postponement
already this year, when the
House and Senate failed to
move separate bills before the
August recess. Opponents
used that lull to rip into the
proposed health care changes

Ministry of Agriculture
and Marine Resources

NOTICE

ANIMAL PROTECTION AND CONTROL BILL
The Goverment of The Banaras mvies comments on a draft Anma Conta

and Protection Bil

The drat Bil posted on the Govemments website www bahamas, oow bs
fora period of sx weeks, effectne 2 Clober, 2008.

The public is urped to take full advantage of fhe opportunity to comment and
submit her comments to WNAGRICULTUREMARINES BAHAMAS GOV ES

no later than fhe 12° Nowermber, 2003,



in raucous public forums.

Democrats are unlikely to
be caught off guard again if
the legislative battle goes past
the Christmas-New Year’s
break. But any delay gives
Opponents more time to orga-
nize and campaign.

The new questions were
raised Tuesday when Senate
Majority Leader Harry Reid,
D-Nev., told reporters in the
Capitol that he couldn’t
promise a health care pack-
age will pass this year.

“We’re not going to be
bound by any timelines,”
Reid said. “We’re going to do
this legislation as expedi-
tiously as we can, but we’re
going to do it as fairly as we
can.”

A couple of hours later,
Reid spokesman Jim Manley
issued a more upbeat state-
ment.

“Our goals remain
unchanged,” Manley said.
“We want to get health insur-
ance reform done this year,
and we have unprecedented
momentum to achieve that.
There is no reason why we
can’t have a transparent and
thorough debate in the Senate
and still send a bill to the pres-
ident by Christmas.”

White House officials
played down Reid’s com-
ments.

“We’re moving on the same
timeline,” said spokesman
Reid Cherlin. “The House
plans to vote on the health
reform bill within days, and
as Sen. Reid said today, he
shares the White House’s
commitment to passing mean-
ingful reform by Christmas.”

Cherlin said senators will
move swiftly once the non-
partisan Congressional Bud-
get Office finishes its review
of Senate proposals.

Any setback for Obama

MINISTRY OF FINANCE
SALE BY TENDER

It is hereby notified that the under-mentioned Aircraft has been
decommissioned by the Royal Bahamas Defence Force and will be

sold by tender:-

YEAR
1978

TYPE

Cessna 404 - Titan

This Aircraft may be inspected by contacting the Assistant Personnel
Officer, Lieutenant Commander Sean Pinder at the Royal Bahamas
Defence Force Headquarters, Coral Harbour, at telephone number
362-1854 during the hours of 2:00pm - 4:00pm Monday to Friday.

Tender forms for submission are obtainable from the Office of the
Financial Secretary, Cecil Wallace Whitfield Centre, Cable Beach,
Nassau, The Bahamas. Tenders should be submitted in SEALED
ENVELOPES to the Office of the Financial Secretary, Cecil Wallace
Whitfield Centre, Cable Beach, Nassau, The Bahamas.

The face of the envelope should bear the words:-

“TENDER FOR AIRCRAFT”

Tenders submitted with the foregoing should be received by 12noon,
November 13th, 2009.

The right is reserved to reject any or all tenders and the aircraft is
being sold “as is where is”

The successful bidder will, on making full payment assume all risks
for the item sold and for making arrangements for its removal within
seven (7) days after payment.

No guarantee is given as to the eligibility of the aircraft for registration.

Signed:
Ehurd Cunningham

Financial Secretary (Actg)





BARACK OBAMA

and the Democrats would
raise troubling memories of
President Bill Clinton’s fail-
ure to enact health care legis-
lation in 1993-94 and the sub-
sequent Republican takeover
of Congress.

Senate rules, and ingrained
Senate habits — such as hold-
ing few if any votes on Mon-
days and Fridays — make it
easy for opponents of any leg-
islation to draw out the
process. The bid to revamp
the nation’s health care sys-
tem, and insure millions of
people now lacking coverage,
is more complex than most.

Reid is trying to meld por-
tions of two massive bills, one
from the Finance Committee,
the other from the Health,
Education, Labor and Pen-
sions Committee. He is sub-
mitting parts of the plan to
CBO analysts to see if the
Senate can hold the cost to
$900 billion over 10 years, as
Obama has insisted.

Reid eventually will send
the bill to the Senate floor,
where weeks of debate and
efforts to amend it could
ensue. At crucial junctures,
Reid will have to muster 60
votes in the 100-member
chamber to advance the bill.

The House could move a
significantly different bill as
early as this weekend.

Assuming both chambers
pass some version of health
care overhaul, a House-Sen-
ate conference committee
would try to resolve the dif-
ferences. Then both chambers
would vote on the final prod-
uct and, if they approve it,
send it to Obama’s desk.

A congressional truism
holds that it’s easier to pass
hard-fought legislation in odd-
numbered years. In even-
numbered years, all 435
House seats and one-third of
the Senate seats are up for
grabs in November and some
lawmakers are more reluctant
to cast tough votes.

Lawmakers, especially sen-
ators, also tend to focus on
only one big issue at a time.
As long as health care domi-
nates debate, the Senate is
unlikely to move on other
hot-button issues such as a
massive energy bill, immigra-
tion and a proposal to re-reg-
ulate the financial industry.

Pelosi said House members
know they have a “historic
opportunity to do something
great, and we would hope that
it would be sooner, but I don’t
think anybody has a clock
ticking.”

But, of course, a clock
always runs on the legislative
calendar. In the Senate, the
tick-tock seems a bit louder.

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.







an
Nay,

THE TRIBUNE





Regulator to get
increased power

By ANNE FLAHERTY
Associated Press Writer

WASHINGTON (AP) —
The House Financial Services
Committee voted Wednesday
to give federal regulators
more power and money to
police major players in the
stock market, four months
after Bernard Madoff was
sentenced for the biggest
investment scam in history.

The 41-28 vote was the
panel’s latest move to try to
rein in abuses on Wall Street.
It would give the Securities
and Exchange Commission
new enforcement powers,
including the ability to offer
bounty money to tipsters on
fraud cases and the power to
bar violators of the law from
employment in any securities-
related industry.

The bill also would double
the SEC’s budget in the next
five years.

Rep. Paul Kanjorski spon-
sored the legislation after
leading the panel’s investiga-
tion into the government’s
failure to uncover Madoff’s
massive fraud scheme for
nearly two decades. Madoff
was sentenced in June to 150
years in prison.

“In the last five years,
there’s been a significant
change and a greater sophis-
tication in the financial ser-
vice industry than has ever
happened in the history of
mankind,” said Kanjorski, a

THE WEATHE

5-Day FoRECAST

Pennsylvania Democrat. “So
we're going to have to change
fast.”

The proposal was part of a
broader effort by the com-
mittee to tighten rules gov-
erning financial institutions
after last year’s market crisis.
The full House was expected
to vote on the bill and related
proposals in early December.

In addition to giving the
SEC more power, the com-
mittee has voted to impose
new restrictions on invest-
ment rating agencies and
require oversight of hedge
funds and other large pools
of private capital.

The panel also wants a new
federal agency dedicated sole-
ly to protecting consumers
from fraud and abuse on
credit cards, mortgages and
other popular financial prod-
ucts.

As the House moves ahead
to overhaul financial regula-
tions, work in the Senate was
just getting under way. Senate
Banking Chairman Christo-
pher Dodd has begun drafting
a bill that would differ from
the Obama administration’s
proposal by limiting the pow-
er of the Federal Reserve and
consolidating banking super-
vision into a single regulator.

Dodd, who planned to
meet Wednesday with his
Democratic colleagues to dis-
cuss the matter, was expected
to unveil a draft proposal next
week.



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an

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THURSDAY, NOVEMBER 5, 2009, PAGE 13B

NOW FOR WOMEN AND MEN

REPORT |

DEPEND® UNDERWEAR FOR WOMEN AND MEN.

INSURANCE MANAGEMENT
(BAHAMAS) LIMITED

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INSURANCE BROKERS & AGENTS

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The exclusive AccuWeather RealFeel Temperature® is an index that combines the effects of temperature, wind, humidity, sunshine intensity, cloudiness, precipitation, pressure,
and elevation on the human body—everything that effects how warm or cold a person feels. Temperatures reflect the high and the low for the day.

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High: 82° F/28° C
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High: 81° Low: 70°

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TIDES FoR NASSAU
High Ht. (ft. Low
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2.6
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10:20pm. 26 4:31p.m.
3.3
2.5
3.2

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Statistics are for Nassau through 1 p.m. yesterday

Temperature
88° F/31° C
. 73° F/23° C
. 82° F/28° C
. 71° F/22° C
. 90° F/32° C
81° F/27° C

10:52 a.m. 4:24 a.m.
11:20 p.m. 5:27 p.m.

11:51 a.m. 5:25 a.m.
6:26 p.m.

6:33 a.m.
7:28 p.m.

7:44 a.m.
8:28 p.m.

8:55 a.m.
9:25 p.m.

Saturday

ABACO
High: 80° F/27°C
Low: 66° F/19°C



Sunday

Normal high

Normal low

Last year's high

Last year's low
Precipitation

As of 1 p.m. yesterday
Year to date

Normal year to date ..

Monday 12:25 a.m.

12:54 p.m.

1:34 a.m.
1:58 p.m.

Wednesday 2:41 a.m.
3:00 p.m.



Tuesday



ie 0.00"
. 32.02"

FT. LAUDERDALE
High: 84° F/29°C @
Low: 70° F/21°C

FREEPORT
High: 80° F/27°C
Low: 63° F/17°C

Seo lee ioe tee ier jee
3=@ lwo [AR [Rw lwo lwo Ju

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AccuWeather.com

Forecasts and graphics provided by
AccuWeather, Inc. ©2009

a

MIAMI
High: 84° F/29° C
Low: 70° F/21°C

BTU rt

Sunrise. .....6:20a.m.
Sunset....... 5:27 p.m.

Last

ELEUTHERA
High: 83° F/28°C
Low: 74° F/23°C

+> CATISLAND i
~~’ High: 83° F/28°C he
Low: 70° F/21°C _

Nov. 9

i SAN SALVADOR
GREAT EXUMA

High: 85° F/29°C
High: 86° F/30° C Low: 72° F/22°C
Low: 74° F/23°C

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6-12 knots

High: 86° F/30° C
Low: 71° F/22°C

oT MAYAGUANA
High: 86° F/30° C

‘ Low: 71° F/22°C
CROOKED ISLAND / ACKLINS

High: 89° F/32° C
RAGGEDISLAND ‘ow:73°F/23°C
High: 86° F/30° C

Low: 68° F/20° C

Moonrise ....
Moonset .....

First

NASSAU
High: 81° F/27°C
Low: 72° F/22°C

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9:15 a.m.

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High: 85° F/29°C
Low: 74° F/23°C

Tate Dec. 2

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highs and tonights's lows.

INSURANCE MANAGMENT TRACKING Map

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Charleston: N

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Highs: 74°F/23°C

Daytona Beach
* Highs: 78°F/26°C

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Highs: 65° F/18° 2

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Highs: -74°F/23°C
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High: 89° F/32° C
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10 Miles 82°
10 Miles 83°
10 Miles 83°
10 Miles 83°

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San Juan Friday: NE a
e Highs: 87°F 131°C ANDROS lay: NE at 8-16 Knots

Friday: NE at 20-30 Knots
: Antigua CAT ISLAND lay: NNE at 6-12 Knots

iday: NE at 12-25 Knots 10 Miles 83°
ighs: 86°F /30°C CROOKED ISLAND Today: NE at 8-16 Knots 10 Miles 83°

Friday: NE at 8-16 Knots -4 Fee 10 Miles 83°
ELEUTHERA lay: NNE at 6-12 Knots 10 Miles 83°

Friday: NE at 15-25 Knots -9 Fee 10 Miles 83°
FREEPORT lay: NNE at 10-20 Knots Fi 10 Miles 83°
iday: NE at 15-25 Knots 10 Miles 83°
GREAT EXUMA lay: NE at 7-14 Knots 10 Miles 83°
iday: NE at 15-25 Knots 7 Miles 83°
GREAT INAGUA lay: ENE at 8-16 Knots 10 Miles 84°
iday: NE at 7-14 Knots 10 Miles 84°
LONG ISLAND lay: NE at 8-16 Knots 10 Miles 83°
iday: NE at 10-20 Kno 10 Miles 83°
MAYAGUANA lay: NE at 7-14 Knots 10 Miles 83°
iday: NE at 8-16 Knots 7 Miles 83°
NASSAU lay: NNE at 10-20 Knots 7 Miles 82°
Fri NE at 15-25 Kno 6 Miles 82°
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TO DISCUSS STORIES ON THIS PAGE LOG ON TO WWW.TRIBUNE242.COM

















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INSURANCE MANAGEMENT

(BAHAMAS) LIMITED. INSURANCE BROKERS & AGENTS



7 VvHoviviN
Vv







Palins
ENTREFERNPUEDAL
Pl NTURE PUNT

2009
VISIONARY BUSINESS LEADERS
AND ENTREPRENEURS AWARDS
CONFERENCE
Theme:
‘How To Recession Proof Your Business & Prepare
Organized Ay Visionaire Marketing ar

The Bahamas Entrepreneurial Venture Fund
and The Ministry OF Finance

For Pre sperity’

mel PHM caare cl by

Pree iy at
Poeun

Vivtanaire Marketiog

=
=
all J

Cor

erat ‘acta Wolliarnes

Conference Speakers Inclode:
The Hon. Zhivargo Laing, Minister of State for Finamce
Or. yes Monroe, President Bahamas Faith Ministries
a
Jerome Gamez, Fund Adminisiraior of The a Entrepreneurial Vertore Fund Lid.

Fenny co Wells, Preside! Sarnclimary incite the Owners of Yura Eslales,
lyford Hills amd South “as Home’ Developments

Sandy Schaefer, President Robin Hood Enterprises

Stacta Williams, President Total = Management
nd Many Whore.

TOPICS ON:

ee ee er ae

Sooo a ua is Owners & Entrepreneurs 2010 & Beyond
Bee ee COL Cie
ST

tee a enor Syndrome & Staying Ahead of Yo Sale



Keep watching
this space for a
Christmas
Giveaway
like no other!

TO DISCUSS STORIES ON THIS PAGE LOG ON TO WWW.TRIBUNE242.COM

PAGE 14B, THURSDAY, NOVEMBER 5, 2009

THE TRIBUNE





JP Morgan
agrees $700m
settlement with

re

By MARCY GORDON
AP Business Writer

WASHINGTON (AP) —
JPMorgan Chase & Co. has
agreed to a settlement worth
more than $700 million over
federal regulators’ charges
that it made unlawful pay-
ments to friends of public offi-
cials to win municipal bond
business in Jefferson County,
Ala.

The scandal over the coun-
ty’s $3.9 billion debt has
pushed it to the brink of filing
what would be the biggest
municipal bankruptcy in U.S.
history. The Securities and
Exchange Commission on
Wednesday announced the
settlement with JPMorgan,
which canceled interest-rate
swap contracts with the coun-
ty worth $700 million in
March.

The Wall Street bank did
not admit or deny the SEC
allegations in agreeing to pay
a $25 million civil fine, a $50
million payment to the coun-
ty and to forfeit $647 million
in termination fees it claims
the county owes from the can-
celed swap agreements.

The SEC also accused two
former managing directors of
JPMorgan, Charles LeCroy
and Douglas MacFaddin, of
securities law violations. The
agency is seeking unspecified
restitution from them. Mac-
Faddin will contest the
charges.

The SEC alleged that
JPMorgan, LeCroy and Mac-
Faddin made about $8 mil-



culators



JAMES DIMON, chairman and CEO of JP Morgan Chase & Co.,
speaks at the Securities Industry and Financial Marketers Association
in New York...

lion in undisclosed payments
to close friends of several Jef-
ferson County commission-
ers. Starting in July 2002,
LeCroy and MacFaddin
solicited the county for a $1.4
billion sewer bond deal.

Swayed by the payments,
the county commissioners
voted to select JPMorgan’s
securities division as manag-
ing underwriter of the bond
offerings and its affiliated
bank as swap provider for the
transactions, the SEC said.

JPMorgan failed to disclose
any of the unlawful payments
or conflicts of interest in the
bond offering documents, but
passed on the cost of the pay-
ments by charging the county
higher interest rates on the
swap transactions, according
to the SEC.

“The transactions were
complex but the scheme was
simple,” SEC Enforcement
Director Robert Khuzami
said in a statement. “Senior
JPMorgan bankers made
unlawful payments to win
business and earn fees.”

MacFaddin’s attorney,
Richard Lawler, said his client
“has at all times acted prop-
erly” in his dealings with Jef-
ferson County. “He denies he
has violated any securities
laws and we’re confident he’ll
be vindicated after trial,”
Lawler said.

LeCroy’s lawyer didn’t
immediately return a tele-
phone call seeking comment
Wednesday afternoon.

New York-based JPMor-
gan said in a statement it has
since discontinued its munici-
pal swap-exchange business.

(AP Photo: Mark Lennihan)

The settlement with the SEC
“does not impair any out-
standing Jefferson County
bonds and JPMorgan contin-
ues to work to achieve a
responsible restructuring of
Jefferson County’s financial
affairs,” the statement said.

The SEC previously
charged Birmingham, Ala.,
mayor Larry Langford and
two others for undisclosed
payments to Langford related
to municipal bond offerings
and swap agreement transac-
tions made while he was pres-
ident of the Jefferson County
Commission. On Oct. 28,
Langford was found guilty in
the related criminal case on
60 counts of bribery, mail
fraud, wire fraud and tax eva-
sion.

The SEC in July proposed
tightening rules governing dis-
closures about municipal
securities to aid investors in
a multitrillion-dollar market
used to finance schools, roads
and hospitals around the
country.

Brokers and dealers in
municipal bonds and other
securities would be required
to make fuller and more time-
ly disclosures to investors.

State and local govern-
ments raise funds for public
facilities by issuing bonds, in a
market estimated to be worth
about $2.7 trillion. Retail
investors increasingly partici-
pate in the market, seeking
safe investments with reliable
returns. The financial crisis
and tight credit have made it
more difficult for some
municipal securities deemed
higher risk to be sold.

National energy policy
must be more robust

FROM page 2B

control of kilowatts per hour
(KwH) consumption through
setting and reaching reduc-
tion targets, including cost
and carbon emissions targets.

Energy is very costly, not
only because of the vexing
fuel surcharge but because of
waste. About 60 per cent of
the power we buy from BEC
simply vanishes in distribu-
tion — between the power
plant and our homes and
workplaces. That’s not pecu-
liar to BEC; it’s a condition
common to all overburdened
power grids, including the US.
So we pay a lot for wasted
energy, including the energy
we waste ourselves at home
and at work. That’s about 40

per cent, conservatively
speaking.
President Obama

announced recently that
through the $787 billion stim-
ulus package, $6 billion will
be spent on the Smart Grid.
About half this amount will
go to pay for smart electricity
meters that will be installed
in millions of homes around
the US. Obviously, enabling
people to take responsibility is
an important plank in the US
government’s transitioning
strategy.

Ours is not a rich nation.
Our government cannot
afford to outfit homes with
smart meters. However, our
government should provide
incentives for reducing con-
sumption, at least until we can
get on to the renewable plat-

form.

Mass behaviour change in
meeting the energy and cli-
mate challenges is required,
and this calls for vigorous
social marketing on the part
of government. Such “social
marketing’ as now exists is so
insipid as to be of no conse-
quence.

No amount of advertise-
ments to save money and
energy by a proliferation of
small energy saving business-
es can create the critical mass
necessary to change behav-
iour. Besides, most of us do
not have the capital for sus-
tainable marketing, and any-
way, social marketing is not
the role of business. Busi-
nesses sell services or prod-
ucts. However, we need the
support of an enabling envi-
ronment in which to perform
our role successfully.

The Ministry of the Envi-
ronment would do well to
embark upon a massive social
marketing programme to sup-
port the formulation of the
energy policy. The good news
is that an effective template
already exists. In the 1990s,
the Ministry of Health imple-
mented a formidable social
marketing programme for
HIV/AIDS, the success of
which has done much to stem
the pandemic in our society
by targeting sexual values and
behaviour.

NB: Audrey Ingram
Roberts is the executive direc-
tor of Source Development
Consultants and Enigin, the
energy saving business





Full Text
{T)

Pim blowin’ it

81F
70F

SUNNY WITH

HIGH
LOW

COHOWER

Volume: 105 No.287







CLASSIFIEDS TRADER CL ny

CX-PLP official Seeks





BAHAMAS EDITION

www.tribune242.com

THURSDAY, NOVEMBER 5, 2009

R CLASSIFIEDS TRADER






The Tribune

=-USA TODAY

PRICE —75¢ (Abaco and Grand Baha

Ss

Tie
IN TODAY’S TRIBUNE

US court promise

Bahamian attorney facing
money-laundering charges
negotiates over family visits

By ALISON LOWE
Tribune Staff Reporter
alowe@tribunemedia.net

THE American attorney for
embattled Bahamian lawyer
Sidney Cambridge is trying to
get US authorities to promise
that her client will still be free
to travel to The Bahamas to
see his family if he goes to the
states to face money-launder-
ing charges brought against
him.

According to Lily Ann
Sanchez, she is negotiating
with US prosecutors to get a
bond agreement for Cam-
bridge that would allow him
to fly between South Florida
and The Bahamas where his
wife and family live.

“Mr Cambridge believes he
did not do anything illegal
whatsoever and he went for-
ward all within the laws of the
Bahamas and these are very
unfortunate US charges,”
Sanchez said.

These negotiations may be
the reason why no extradition
request has yet been made for
Mr Cambridge by US author-
ities - a fact confirmed yester-
day by the Attorney Gener-

ik ‘ it } ,

SIDNEY CAMBRIDGE

al’s Office and the Ministry of
Foreign Affairs in The
Bahamas.

It comes as the Bahamian
attorney was formally indicted
by a federal grand jury on
Tuesday on charges that he
was involved in a $900,000
money-laundering scheme
with a Florida politician, Jose-
phus Eggelletion.

Mr Cambridge, who is cur-
rently in The Bahamas, was
not present in court and a war-

SEE page 11



ATLANTIS

\s

BUY ANY
TO RECE

|

5PC MEAL OR MORE
IVE YOUR SCRATCH

& WIN GAME CARD

~@E



PRIME MINISTER Hubert
Ingraham talks with newly
elected FNM Chairman Car!
Bethel during the party's
nomination of national offi-
cers yesterday.

By TANEKA
THOMPSON
Tribune Staff
Reporter
tthompson@
tribunemedia.net

MINISTER of Educa-
tion Carl Bethel was
elected chairman of the
FNM after being nomi-
nated unopposed by
Prime Minister Hubert
Ingraham in a shocking
turn of events at the par-
ty's convention yester-
day.

Mr Ingraham
informed the cheering
delegates that immedi-
ate past chairman John-
ley Ferguson would not
be offering himself for
re-election before he
nominated Mr Bethel for
the post.

"It is my duty to
inform you that the
chairman of the party

SEE page 10

Bethel to step down as
Minister of Education

By TANEKA THOMPSON
Tribune Staff Reporter
tthompson@tribunemedia.net

NEWLY elected FNM
Chairman Carl Bethel will
step down as Minister of
Education in the coming
weeks in order to concen-
trate on his new responsibil-
ities, he confirmed yester-
day.

He remained mum on the
identity of the person who
will replace him after Prime
Minister Hubert Ingraham
shuffles his Cabinet.

PLP Chairman Bradley
Roberts issued a scathing
statement on Mr Bethel's
impending resignation yes-
terday, thanking Mr Ingra-
ham for "relieving the
Bahamian people of inepti-
tude and poor leadership at
the Ministry of Education."

Political observers specu-

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lated that Mr Bethel was
selected as chairman in
order to match wits with Mr
Roberts, who was elected at
the PLP's convention last
month. Mr Bethel brushed
off this assertion.

"I deny that that was the
reason,” Mr Bethel laughed.
"Obviously all jokes aside,
we are now more than
halfway through our term,
the party is faced with the
challenge now of beginning
to prepare itself for the next
general election."

Until the next general
election, Mr Bethel said his
prime focus will be ensuring
that the proper groundwork
is in place to ensure the par-
ty's victory. When, or if this
is accomplished, he hopes to
return to Cabinet, he said.

"The prime minister and I

SEE page 10



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Beryl Hanna,
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ilies age 77

HEARTFELT con-
dolences poured in yes-
terday from the prime
minister and members
of the PLP at the news
of the death of Beryl
Hanna, wife of Gover-
nor General Arthur D
Hanna yesterday. She
was 77.

Prime Minister
Hubert Ingraham said
that although Mrs Han-
na was born in Britain,
she fully embraced and
came to love her adopt-
ed country and its peo-
ple and was an excel-
lent example of
Bahamian citizenship.

“Mrs Hanna came to
The Bahamas with her
husband back in the 50s
and right up until the
time of her illness par-
ticipated wholehearted-
ly in the life of our
nation. Mrs Hanna sup-
ported her husband and
his colleagues in their
early struggle for major-
ity rule and was herself
on the frontline in that
struggle.

“Along with other
outstanding Bahamian
women, she took to the
streets in placard

SEE page six



Turnquest: PLP

all talk and no
action on capital

punishment

MINISTER of National
Security Tommy Turnquest hit
out at the PLP last night claim-
ing the party is “all talk and no
action” on capital punishment.

In his speech to the FNM
convention at the Wyndham
Nassau Resort, Mr Turnquest
said PLP leader Perry Christie
“ranted” about being in
favour of capital punishment.

“His zeal naturally sent me
back to the records to see
what they had done about
capital punishment during
their five-year administration.
The record shows that they
did nothing. All talk, no
action.

“He also made statements
about changing the Constitu-
tion to deal with the issue of
bail in capital cases. Happily,
the memory of Bahamians is
not as short as some would
wish. He did nothing about
this on his watch.”

Highlighting anti-crime

SEE page 10


PAGE 2, THURSDAY, NOVEMBER 5, 2009

THE TRIBUNE



LOCAL NEWS





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QUE Immigration minister

issues stern warning

MINISTER of
State for Immigration
Branville McCartney
used the FNM con-
vention podium last
night to issue a stern
warning to Bahami-
ans who employ for- |7
eigners without prop-
er authorisation.

Speaking on the
first night of the con-
vention, McCartney
delivered a fiery speech in
which he defended the gov-
ernment’s record on immigra-
tion and put those who break
immigration laws on notice.

“We are bringing those who
seek to profit from violating
our immigration laws before
our courts to answer charges,”
he told the audience.

The minister acknowledged
the hardships faced by many
of those who risk their lives
for better opportunities here,
but said the Bahamas cannot
sustain the current rate of ille-
gal immigration — especially
in such difficult economic
times.

He said the government is
determined to protect
Bahamian workers and pro-
fessionals from “unfair com-
petition” and is therefore
refusing work permits to those
who enter the country as visi-
tors, or who have entered ille-
gally.

He added: “Those who hire
non-Bahamian professionals
without the proper authorisa-
tion should be on notice that
this FNM government is step-
ping up its measures to put an
end to such practices.”

According to Mr McCart-
ney, the time has come when
the Bahamas must “make a
choice” about its identity and
the legacy it leaves for future
generations.

“We do not have the luxury
of sitting idly by as world
events shift the climate around
us and threaten to sweep us
away in a global tide,” he said.

The minister noted that
immigrants from around the
region and beyond have

ee Be RS ie 3
aa Lal
AAW

Uae a et
a ALY |

SECOND



McCARTNEY

played an important
role in the develop-
ment of the Bahamas,
contributing to edu-
cation, enriching cul-
ture, and broadening
the economy.

He said: “Like our
great neighbour to
the north, the
strength of our econ-
omy has made our
country a Mecca for
people escaping less fortunate
circumstances in other coun-
tries, both near and far.

“Many risk their lives in
search of a share in the
promise which our country
represents; a promise of pros-
perity and stability; a promise
of peace and of acceptance by
a people who have accepted
and assimilated generations of
immigrants.”

Mr McCartney said that
while the government wel-
comes immigrants who con-
tribute to the expansion of the
economy, many who seek to
enter today are “poorly
equipped to assist in our fur-
ther development” — often
needing a great deal from the
Bahamas in terms of health
care, education and training.

“The cost is becoming exor-
bitant in terms of our limited
financial resources. In tough
economic times the burden is
heavier. We no longer have
the capacity to assimilate the
ever-increasing numbers of
illegal immigrants,” he said,
noting that this year alone,
more than 4,000 illegal immi-
grants have been repatriated
after being apprehended in
the country, at a cost of $1
million.

Mr McCartney went on to
speak about the “ugly under-
side” of illegal immigration —
noting that many illegals are
involved with cartels which
run the regional drug and gun
trades, while others are
involved in human smuggling
connected to the sex trade.

He said: “These cartels deal
with human life as if people
are disposable livestock, strap-
ping dangerous drugs or con-
cealing small arms on vulner-
able people, with the promise
of free passage to a better life.
Many never make it.

“We will never know the
number of people that have
met their demise attempting
to make that passage. It is a
cruel irony that some of the

nalale!

Steps to combat
illegal immigration

During its current term
in office, Minister McCart-
ney told last night’s con-
vention, the FNM has tak-
en a number of steps to
combat illegal immigra-
tion, including:

e Reorganising and
bringing order to the
department

e Ensuring the enforce-
ment of immigration laws
and regulations without
fear or favour

e Systematically reduc-
ing the number of illegal
immigrants by sustained
regular and routine arrest,
detention and repatriation
exercises

e Improving revenue
collection measures in the
financial planning unit of
the Department of Immi-
gration.

He said the government
is also recruiting more
immigration officers,
working to regularise the
status of long-term resi-
dents and the registration
of children born abroad to
Bahamian women married
to foreigners, processing
work permits more effi-
ciently, and moving
toward the issuance of
anti-fraud tamper resistant
immigration documents.



descendants of slaves who 300
years ago endured and sur-
vived the horrors of the Mid-
dle Passage between Africa
and the Caribbean, today
meet their end in waterlogged
tombs like so many Africans
did during the slave trade.
Noting that the majority of
illegal immigrants come from
Haiti, Mr McCartney said he
believes it is important to
“hold no malice or prejudice”
against the people of this
country — “Indeed, we might
rightly admire the Haitian
people who have fought gal-
lantly for centuries to control
their destiny, a people who
were free when many of our
ancestors were still enslaved.
“The Haitian people are
our brothers and sisters. Our
destinies have been linked by
proximity, by trade, by family
and by friendship,” he said.

fl
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Des


THE TRIBUNE





LOCAL NEWS

PRAYER BREAKFAST

We are ready to overcome
economic woes — Ingraham

PM says government is prepared for tough choices

DURING a time when the country is
marred with escalating violence and a troubled
economy the FNM stands ready to overcome
these challenges, Prime Minister Hubert Ingra-
ham said yesterday morning.

Ata prayer breakfast held to mark the start
of the party's convention, Mr Ingraham said
the government is prepared to make the dif-
ficult choices that are necessary to emerge
from the current economic turbulence and
fulfil its mandate to the Bahamian people.

Said Mr Ingraham: "We meet at a time of
tremendous economic hardship for many in
our country and around the world. The glob-
al economic crisis has become very personal to
nearly all of us. The fallout from economic
failures in the developed world has meant
decreased tourists arrivals and hence
decreased tourism expenditures in our econ-
omy. This has dramatically reduced econom-
ic activity, business failures, increased numbers
of unemployed persons and financial hard-
ship for many persons. Yes, many of our peo-
ple are hurting for these are tough times for
many.

Violence

"We meet at a time when violence contin-
ues to mar the lives of far too many of our
people, particularly our young people."

He said government continues to assist the
needy through bolstered national assistance
programmes, job creation, BEC's electricity
relief programme, the unemployment benefit
and recently enacted legislation that would
make it easier for persons with chronic dis-
eases to access prescription drugs.

" Assistance has been planned and is being
delivered on many fronts — through a $12
million increase in Government’s assistance
programmes managed through the Depart-
ment of Social Services, through BEC’s elec-
tricity relief programme, through jobs cre-

URBAN RENEWAL PROGRAMME

Roberts slams Turnquest over crime comments

DU Me deal PENG



ation initiatives, through the introduction of
the unemployment benefit scheme and
through the enactment of legislation for the
introduction of the Prescription Drug Pro-
gramme. Through these programmes and ini-
tiatives we seek to live out God’s admonition
to us to feed the hungry, clothe the naked
and care for the orphaned.”

He added that government is unfazed by
detractors who may take delight in seeing the
party fail throughout these trying economic
and social conditions.

"We are not discouraged by ill will toward
us. We stand firm and ready to face and over-
come the challenges, to make difficult deci-
sions and to provide the leadership so seri-
ously necessary in tough economic times,"
said Mr Ingraham, during the prayer breakfast
held at the Wyndham hotel yesterday.

The FNM's convention continues until Fri-
day; a celebratory banquet is scheduled for
Saturday night at the Wyndham hotel.

@ FNM Convention

The following people were nomi-
nated or elected to key party posts
at the FNM convention yesterday.
ea will take place on Friday at

am:

Leader: Hubert Ingraham was re-
elected after being nominated unop-
posed by Minister of National Secu-
rity Tommy Turnquest, and second-
ed by MP for Garden Hills, Brensil
Rolle.

Deputy Leader: Brent Symonette
was re-elected after being nominat-
ed unopposed by Minister of Educa-
tion Carl Bethel, and seconded by
Richard Simmons.

Chairman: Carl Bethel was elect-
ed after being nominated unop-
posed by Prime Minister Hubert
Ingraham. Incumbent Chairman
Johnley Ferguson seconded the
nomination, after Mr Ingraham
announced that Mr Ferguson would
not be offering himself for re-elec-
tion to the office.

Deputy Chairman (2 posts):
David Wallace, Senator Anthony
Musgrove and Michael Turnquest
will be in the running on Friday for
the two positions. Senator Jacinta
Higgs declined a nomination.

Vice Chairman (5 posts): Senator
Jacinta Higgs (nominated by Sena-
tor Dion Foulkes), Mavis Johnson
Collie (nominated by MP for Mon-
tagu Loretta Butler Turner), Mar-
garet Johnson, Serfent Rolle, Vin-
cent Pinnock, Francis Sawyer, Colin
Ingraham, Sherry Albury, lvan
Thompson, Darren Cash and David
Jordine will be in the running.

PLP Chairman Bradley
Roberts slammed National
Security Minister Tommy Turn-
quest on his comments sug-
gesting that there was no empir-
ical evidence that the Urban
Renewal initiative put in place
by the former PLP government
had any direct impact on crime
reduction.

“This statement is totally
untrue,” Mr Roberts said.

On Tuesday, November 3,
Mr Turnquest was the featured
guest on a ZNS programme
when the remarks were made.

“The Urban Renewal Pro-
gramme had such a profound
impact on the Bahamian com-
munity in terms of reducing
crime, anti-social behaviour,
and social decay, that the Min-
istry of Education made it part
of its examining syllabus for the
BJC and the BGCSE. Repre-
sentatives from countries in the
region and abroad came to the
Bahamas to witness firsthand
the programme and its effects.

“The Urban Renewal Pro-
gramme won the International
Association of Chiefs of Police
Award in 2004, 2005 and in
2006. The Programme was also
awarded the coveted commu-
nity policing award of the Asso-
ciation of Caribbean Commis-
sioners of Police. In order to
attain these awards, the Royal
Bahamas Police Force had to
unequivocally and demonstra-
bly prove that the Programme
was an effective initiative in
reducing crime. Comprehen-
sive documents containing both
qualitative and quantitative
data had to be produced and
scrutinized by a panel of judges

homicides that are committed
in the Bahamas, most of which
occur in the ‘over the hill’ urban
areas. The overall homicide
count between 2002 and 2006
(ie the five year Urban Renew-
al period) totalled 258 incidents.
Since the dismantling of the
programme in 2007, the num-
ber of homicides for the period
between 2007 to current (three
year period) is two 223 inci-
dents.

“In essence, whereas the
Bahamas experienced 52 homi-
cides per year, that figure has
now drastically increased by 29
per cent to an average of 74
murders per year.

“Further, if one were to con-
duct a case study, the evidence
will show that a number of
young men whose lives were
impacted by urban renewal
inasmuch that they were being
moulded into productive citi-
zens have now turned to a life
of crime and anti-social behav-
iour. As a matter of fact, sever-
al have been killed,” he said.

The chairman added that not
only does empirical evidence
exist to prove that Urban
Renewal was truly an effective
programme but this evidence
has been placed in public
libraries for all to consume.

“It was documented in the
form of the Annual Report of



the Urban Renewal Pro-
gramme from the perspective
of the Royal Bahamas Police
Force. What does not exist is
any empirical evidence from
2007 to the current of the true
extent of crime and how it is
being addressed by the Min-
istry of National Security and
the Royal Bahamas Police
Force as no Annual Report has
been produced for public con-
sumption from 2007 to the cur-
rent period.” Mr Roberts said.

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(en)
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PAGE 4, THURSDAY, NOVEMBER 5, 2009

an
WY

THE TRIBUNE



EDITORIAL/LETTERS TO THE EDITOR



The Tribune Limited

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

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

SIR ETIENNE DUPUCH, Kt, O.B.E., K.M., K.C.S.G.,

(Hon.) LL.D., D.Litt.

Publisher/Editor 1919-1972
Contributing Editor 1972-199]

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

Publisher/Editor 1972-

Published Daily Monday to Saturday

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

WEBSITE
www.tribune242.com — updated daily at 2pm

For Clinton, tough talk but few results

CAIRO (AP) — Secretary of State Hillary
Rodham Clinton’s tense exchanges with Pak-
istani civilians and Arab diplomats over a har-
rowing week of foreign stops exposed the con-
fining limits of her office.

On her most ambitious and contentious over-
seas trip as secretary of state, Clinton had to
resort to damage control after she appeared to
mangle the Obama administration’s message
on frozen Mideast peace talks.

And while she scored points back home by
standing up to angry Pakistanis who confront-
ed her about drone-launched U.S. missile
strikes, her blunt questioning of the resolve of
Pakistan’s government exposed American
impatience with the country’s incremental steps
against terrorists.

In each case her extraordinarily public
approach to diplomacy — for better or worse
— reflected not only her personal style but
also President Barack Obama’s promise to
reach out openly to friend as well as foe.

What remains less clear is whether Clinton’s
hot-button politician’s persona works any bet-
ter at producing international results — let
alone clarity — than a more classic diplomat’s
cooler tact. There were no breakthroughs, and
it’s too early to know how her public and
behind-the-scenes performances in Pakistan,
Abu Dhabi, Israel, Morocco and Egypt will
play out. But Clinton emphatically followed
through on a pledge she made last month when
she said the time had come for the U.S. gov-
ernment to communicate more aggressively
abroad and challenge U\S. critics on their own
turf. From here on, she said then, “we’re going
to be in the mix and we’re going to be in the
mix every day.”

It is a boldly political take on taking on the
world, and Clinton is relying on some of her old
campaign trail tricks and moxie to press Amer-
ica’s case. In Pakistan, she aggressively sold
the administration’s stance against al-Qaida
during several crowded “town hall” public
forums that had been her stock-in-trade during
the 2008 presidential primary run against Oba-
ma. But despite finding some success in Africa
and Asia earlier this year communicating Clin-
tonian warmth with foreign audiences, Lahore
was not Portsmouth, N.H.

And a brash in-your-face style that won vot-
ers’ hearts and minds in the U.S. may have
come off as confrontational to skeptical Pak-
istan civilians who responded in kind.

In Lahore, Clinton certainly won domestic
consumption brownie points by saying what
many Americans have complained about for
years — that Pakistan’s government had done
little to root out al-Qaida’s upper echelon.

“Al-Qaida has had safe haven in Pakistan
since 2002,” she said bluntly. “I find it hard to
believe that nobody in your government knows
where they are and couldn’t get them if they
really wanted to. And maybe that’s the case.
Maybe they’re not getable. I don’t know.”

Pakistan’s leaders were not pleased — wait-
ing until Clinton departed to slap back. But
even when she had a second chance to scale

First Baptist Church

289 Market St. South = PO. Box M-T664 =* Nassau, Bahamas

back her remarks, Clinton softened them only
by a hair. She also dinged Pakistan’s leaders for
diminishing their standing in Washington by
complaining about tough new conditions set by
Congress for providing billions in new aid.

“For the United States Congress to pass a bill
unanimously, saying that we want to give $7.5
billion to Pakistan in a time of global recession
when we have a 10 percent unemployment
rate, and then for Pakistani press and others to
say, We don’t want that,’ that’s insulting,” she
said. That wasn’t what the Pakistani govern-
ment wanted to hear, but it seemed to reflect
Clinton’s determination to show the Pakistanis
that they can complain about U.S. counterter-
rorism tactics and about strings attached to
US. aid — but not without hearing the admin-
istration’s own concerns.

Clinton’s toughened public stance was less in
evidence, though, when she turned to the
stymied Mideast peace process. Instead of
bluntness, she struggled repeatedly to cater to
both Israeli and Arab concerns, making no
headway in getting either side to move closer.

In Jerusalem, trying to mollify Israeli reluc-
tance to agree to halt all future settlements as
a pretext to renewed peace talks with Pales-
tinians, Clinton floated an Israeli proposal that
would restrain — but not stop — more West
Bank housing.

Palestinian and Arab diplomats reacted with
outrage, and the Clinton who had been tough
in Pakistan was forced to backpedal. Arab offi-
cials questioned whether the U'S. had tilted
toward Israel and abandoned its position that
continued Israel settlements are illegitimate
and must be brought to a full stop.

Clinton’s comments reflected a realization
within the Obama administration that conser-
vative Israeli Prime Minister Benjamin
Netanyahu’s government will not accept a full-
on settlement freeze and that a partial halt
might be the best lesser option. Her appeal
seemed designed to make the Israeli position
more palatable to the Palestinians and Arab
states. Clinton had traveled to the region reluc-
tantly, concerned her visit might be perceived
as a failure without clear results, according to
several U.S. officials.

She agreed to meet Israeli and Palestinian
leaders after pressure from the White House,
according to the officials, who spoke on con-
dition of anonymity to discuss internal admin-
istration thinking.

In Marrakesh, Morocco, two days after her
controversial comments in Jerusalem, Clinton
issued what she called a clarification. But she
was dogged by questions about the settlements
issue for the rest of her time abroad.

Asked Wednesday before departing for
Washington what she believed she had accom-
plished, Clinton focused on the depth of the
challenges she faced, not on what the trip deliv-
ered — or failed to deliver.

This article is by Robert Burns, who has
been covering national security and military
affairs for The Associated Press since 1990.



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LETTERS

EDITOR, The Tribune.

I was just informed of the
death of Nurse Myrtle Han-
na, and thought it only right
to pay tribute to this mar-
velous Bahamian lady.

She has touched so many
lives, both in the Bahamas
and abroad during her long
and caring life, that is only
right that the work she has
done should be long remem-
bered and she should serve
as an example of a true
Christian. And so I offer
now this tribute to that great
lady.

I first encountered Nurse
Hanna when she applied for
a job as a practical nurse at
the Hardecker Children’s
Clinic in 1965. We had just
started up the Clinic on
Deveaux Street a few
months before, but it was
enlarging quickly and we
needed to expand the per-
sonnel.

Nurse Hanna had worked
for a private practitioner
after her training at the Hos-
pital (I believe it was still
The Bahamas General Hos-
pital at that time), but was
interested in working with
the children.

At first, Nurse Hanna,
reflected her training: She
made no decisions on her
own, but faithfully followed
doctor’s orders, and did the
initial admitting procedures.
These included taking the
children’s temperatures,
weighing and measuring
them, but expanded into
taking blood pressure and

letters@tribunemedia.net



pulse readings in both their
arms and legs. Her knowl-
edge and expertise were
soon evident, but she need-
ed convincing of her own
ability to recognise signs and
symptoms of disease and to
communicate that knowl-
edge. Her familiarity with
many of the families was of
great help in assessing their
concerns for the children. It
took a while before she
would go beyond the door
of the admitting room, to
the treatment room, to the
pharmacy, the lab, and final-
ly the doctor’s room.

It wasn’t long before we
recognised the great source
of information Nurse Hanna
provided.

Her fabulous memory and
her wide range of acquain-
tances helped to provide
many a medical history that
both parents and children
had forgotten. She could
point out relationships that
even the parents of the chil-
dren were unaware of, mak-
ing a medical history that
much more accurate.

Nurse Hanna was fre-
quently seen as a daunting
figure and commanded obe-
dience with her grim expres-
sion — which rapidly dis-
solved into an enchanting
grin. She was intolerant of
abuse by either children or
adults, but a true nurse in

her sympathy with the ill,
the painful, the worried and
the bereaved.

She also proved to be an
excellent teacher to the hun-
dreds of medical students
who came to the clinic.
Although well versed in
medical knowledge, these
students learned from her
the “how” of medicine —
how to translate medical
knowledge into action —
how to take a history, how
to communicate with par-
ents and with children, how
to put them at ease. She has
been long remembered by
“her” students, who have
passed on the practical
lessons she taught them.

In her later years, after
leaving the Clinic, Nurse
Hanna continued to practise
nursing.

She devoted her efforts
into caring for the elderly.
(She never quite put herself
in that category!)

She could frequently be
found travelling around
Grants Town on her mission
of visiting the sick.

I felt it was only right that
this very great, unassuming
Christian lady should
receive the accolade that she
has long deserved and the
memory of her great contri-
bution to the Bahamas be
acknowledged.

DR. JULIE

WERSHING,

Former Paediatrician of
The Hardecker Children’s
Clinic,

November 3, 2009.

Rotary Club commended for the
presentation of Paul Harris awards

EDITOR, The Tribune.

Is it the truth?

Worried About Being Left in the Dark?

Hurricane Season

We Can Help You
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On October 17, the Rotary Club of Aba-
co presented three Paul Harris Awards to
three deserving persons: St. Michael Malone,
Mother Merle Williams and Mr. Davis
Ralph.

All three of the honourees made their
mark in our community, and the award giv-
en to these remarkable individuals is very
good and commendable of our Rotary Club.

As you know, there were many others in
the past, and there will be many others in the
future who have yet to receive such an out-
standing award.

Isay good job to the Rotary Club of Aba-
co of which Iam one of the founding mem-
bers, and I am proud to be just that.

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congratulations to the recipients of the Paul
Harris Award.

Please continue your work of service
above self particularly to the two who are
still with us. God bless St. Michael, who has
completed his assignment, and I am sure
the good Lord said to him, “Well done, thy
good and faithful servant.” St. Michael was
full of love for his fellow man. May his soul
rest in peace.

JOSEPH SAWYER
Abaco,
October, 2009.

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6

LOCAL NEWS

&

THURSDAY, NOVEMBER 5, 2009, PAGE 5



COLLEGE OF THE BAHAMAS

COB faculty have clear path
to strike vote, says Foulkes

Minister still encouraging staff and management to continue talks

College of the Bahamas
faculty have a clear path to
conducting a strike vote if
they wish to do so, Minister
of Labour Dion Foulkes
confirmed.

He told The Tribune that
while he is encouraging the
college’s staff and manage-
ment to continue discus-
sions, the Union of Tertiary
Educators of the Bahamas
(UTEB) has gone through
all the appropriate steps —
including filing a trade dis-
pute and taking part in sev-
eral conciliation meetings —
and is entitled to hold such a
vote on behalf of its mem-
bers.

Mr Foulkes said that once
UTEB decides on a venue
and date, the Department
of Labour will oversee the
exercise.

“T have met with both
sides and the director was
meeting with both sides to
see if he could reach com-
mon ground on issues.

“This is a matter of nego-
tiation, this is a matter for
both parties to come to an
agreement; I can’t force
them to agree,” the minis-
ter said.

However, Director of
Labour Harcourt Brown
said that while he admits
talks could have progressed
better, he would not char-
acterise the conciliation
process as “at a stand-still”
and believes there is “still
room for parties to amica-
bly resolve their differ-
ences.”

This comes after 40 mem-
bers of the union, which rep-
resents more than 200 staff,
handed a letter calling for a
strike vote to Mr Foulkes on
Tuesday, saying they are
angry that the college has
allegedly failed to negotiate
in “good faith” over their
working conditions.

Meanwhile, COB’s man-
agement issued a statement
yesterday saying the college
is committed to concluding
negotiations with UTEB on
“a new collective agreement
to the satisfaction of both
parties in a timely and con-
scientious manner.”

JANYNE HODDER

It said: “Our responsibili-
ty is to meet the overall well-
being of the college and to
set the stage for building a
high quality Bahamian uni-
versity for years to come.

Confident

“The college is confident
that an agreement will be
reached and this will be
done at the negotiating
table.

“It is not the policy of the
college to negotiate outside
of the established negotiat-
ing process.”

The group of professors,
librarians, counsellors and
other UTEB members who
delivered the letter, showed
up in force outside the
Churchill Building at around
10am on Wednesday to
greet labour minister Dion
Foulkes.

Wearing orange
“UTEB”-emblazoned t-
shirts and singing songs of
“solidarity”, the educators
and other key staff said they
have had enough of what
they for months termed a
“dictatorial” approach to
negotiations over their new
industrial agreement on the
part of their employer, the
college. Their previous

Dion Foulkes

agreement expired in June
2008.

Staff members such as
Llewellyn Curling, a profes-
sor in the college’s school of
technology, described the
conditions that COB is seek-
ing to put into the staff's
new agreement as “regres-
sive” — removing benefits
that they previously enjoyed.

With the two sides failing
to come together, only one
clause — union dues — has
so far been agreed upon
during the 10-month talks
out of a total of around 100
expected to be hammered
out, according to the educa-
tor.

Some staff suggested that
if the college changes work-
ing conditions as proposed,
progress towards university
status would be set back as
staff’s professional develop-
ment would be hindered,
while their living standards
would be placed at risk
through reduced job securi-
ty.

Catharine Archer, a
librarian, claimed she is con-
cerned that under the terms
proposed by the college,
research leave and grants
presently available to peo-
ple like her will be no more.

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an agreement; I
can’t force them
to agree.”

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PAGE 6, THURSDAY, NOVEMBER 5, 2009



LOCAL NEWS



Beryl Hanna, wife
of the Governor
General, dies age 77

FROM page one

demonstrations for democrat-
ic reform, including women’s
right to vote. Mrs Hanna will
be sorely missed by Bahami-
ans of all walks of life and of
all political persuasions who
came to know her and to
develop genuine affection for
her. She had a special affinity

J JS W.

for the poor and downtrod-
den of our society.

“My colleagues and I join
with Bahamians everywhere
in expressing sincere condo-
lences to His Excellency the
Governor General, to their
daughters Glenys and Dawn,
their sons Dion and Mark, and
the entire Hanna family,” Mr
Ingraham said.

Calling her an “icon” in the

J

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College ALUMNI

Dr. Richard Stratton, President of Clearwater
Christian College, Clearwater, Florida,
will be visiting the Bahamas in late
November 2009. A reunion of all
Bahamian CCC alumni will be held at
7:30 pm on Saturday, November 28th in
Nassau. If you are able to attend,
please contact Priscilla Cartwright
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Aficio MP 1500

Bahamian struggle to Inde-
pendence, PLP Chairman
Bradley Roberts said that Mrs
Hanna was present at her hus-
band’s side through every
major event in the birth of the
modern Bahamas.

“Beryl Hanna came to her
adopted country at her hus-
band’s side following their
time together at university.
The Bahamas they arrived in
the 1950s was full of prejudice
and lost opportunities for the
majority of its people. This
couple joined the struggle as
members of the Progressive
Liberal Party.

“Mrs Hanna was a natural
as if she had lived here all her
life. She fit right in. Together
she worked, they demonstrat-
ed. She helped to change the
country. Beryl Hanna was
there at every major event in
the life of our modern political
struggle: There when women
fought for the vote; there
when women voted for the
first time; there for Black
Tuesday in 1965; there for
Majority Rule in 1967; there
for the struggle against
apartheid in South Africa;
there as the consort to the
Governor General in the win-
ter of her life and in the face
of very difficult physical cir-
cumstances,” he said.

Being personally thanked
by the former President of
South Africa Nelson Mandela
himself, Mrs Hanna worked
tirelessly in the anti-apartheid
struggle in the Bahamas. Mr
Roberts said that when the
next chapter of Bahamian his-
tory is written, Beryl Hanna’s
name is sure to be “all over
it” — recorded and remem-
bered with affection, and
pride.

“We owe a great debt of
gratitude to this quiet, but
determined woman, for her
loyalty, for her faith for her
struggle to create the modern
Bahamas and for helping to

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Robinson Road

393-5964

ABOVE: Mrs Beryl Hanna reading
a proclamation by then Prime
Minister Sir Lynden Pindling
declaring Universal Children’s
Day in November, 1979.

RIGHT: Paula Darcy shows
Beryl Hanna round the Centre
for the Deaf in November,
1979.

build our party. May her soul
rest in peace. We extend con-
dolences to Mr Hanna, Glenys
Hanna Martin MP and the
entire family on this sad pass-
ing.”

Echoing these sentiments,
Fox Hill MP Fred Mitchell
said in the country’s loss of
Mrs Hanna he has also lost
his closet friend in politics.

“T grew up calling her Aunt
Beryl, a sign of the closeness
of my late mother to her hus-
band Arthur, our Governor
General, who lived with my
grandmother Gwendolyn dur-
ing his years in high school.
She was a trooper, a real
advocate for the rights of
Bahamians and people every-
where to equality justice and
fair play. We were kindred
spirits.

“My favourite recollection
of her is that iconic photo in
the newspaper of herself,
Dame Marguerite Pindling
and the late Daphne Wallace
Whitfield with the placards
supporting the demonstration
on Black Tuesday in April
1965 following the PLP’s then
leader Lynden Pindling throw-
ing the Speaker’s mace out of

the window of the House.
“But our closeness grew
when she agreed to join the
Bahamas Committee on
Southern Africa on which I
served as its Vice President
and she as its Honorary Chair.
Tt was the main anti-apartheid
organisation in the Bahamas.
It was my proud honour to
personally obtain and deliver
to her a letter of thanks from
Nelson Mandela for her work
in the struggle,” he said.
Even the PLP’s Women’s
Branch remembered her as a
woman who fought for the
rights of other women, the
down-trodden, the disadvan-
taged, and anyone who was
being discriminated against in
the Bahamas or elsewhere.
“Although she was not born
in the Bahamas it is safe to
say that there were not many
individuals more patriotic and





loving of this country than
Beryl Hanna. She stood up for
the rights of all Bahamians
when many others living in
this country were afraid to. In
doing so, she assisted in creat-
ing the modern Bahamas as
we know it today.

“We know that a suitable
memorial tribute is in order,
to celebrate the life and con-
tribution of our dear sister,
and we offer our assistance in
the execution of a suitable
memento.

“Condolences are extend-
ed to the family of our
beloved Governor General,
the Honourable Arthur D
Hanna, including our sister
and former Chairman both of
the Women’s Branch and the
PLP Glenys Hanna-Martin,
Deon Hanna, the grand-chil-
dren and the extended fami-

ly.”



TEACHERS AND SALARIED WORKERS CO-OPERATIVE
CREDIT UNION LIMITED

NOTICE TO

OUR VALUED SHAREHOLDERS

Please be advised that Interest/Dividend payments for the year 2008 will be
distributed effective Monday November 2, 2009 during the hours of 11:00

a.m. - 4:00 p.m. as follows:

November 2
November 3
November 4
November 5
November 6
November 9
November 10
November 11
November 12
November 13
November 16
November 17
November 18
November 19
November 20
November 23
November 24

November 25



Account
Numbers

001-700
701-1200
1201-1800
1801-2400
2401-3000
3001-3600
3601-4200
4201-4500
4501-4800
4801-5100
5101-5400
5401-5700
5701-6000
6001-6300
6301-6600
6601-6900
6901-7200
7201-7500

November 26
November 27
November 30
December 1
December 2
December 3
December 4
December 7
December 8
December 9
December 10
December 11
December 14
December 15
December 16
December 17

December 18



Account
Numbers

7501-7800
7801-8100
8101-8400
8401-8700
8701-9000
9001-9500
9501-10000
10001-10500
10501-11300
11301-12100
12101-13000
13001-14000
14001-15000
15001-16000
16001-17000
17001-18500
18501 on








&

THE TRIBUNE

6

&

THURSDAY, NOVEMBER 5, 2009, PAGE 7

LOCAL NEWS



Public have their say

on Atlantis’ ban on |

unsupervised youth

THE TRIBUNE hit the streets yesterday
to find out how the public feels about the
Atlantis’ new ban on unsupervised youth
in Marina Village following the shooting of
two security guards there over the week-
end.

Beth, 48, Ministry of Health
“When it comes to tourists and the coun-
trymen, then so be it.”

Melanie, Baillou Hill
“T don't think that unsupervised children
should be allowed anywhere.”

C

“They don't have the right to ban any-
one from anywhere — this isn't commu-
nism. We don't live in a communist coun-
try.”

Sean Smith, Killarney
“I think they shouldn't be there unsuper-
vised.”

Mr McPhee, Carmichael

“No, I don't think Atlantis should ban
youths from coming. I think parents ought to
try and supervise their kids .. . But at the
same time we're in the Bahamas, we're

A POLICE car and
ambulance at the
scene on Paradise
Island after Saturday
night’s double
shooting.

STREET

Bahamians, and we should be free to go
and move — as long as we're not committing
any criminal act.”

Tom Jones, Yamacraw
“Young people today have no manners
and they don't listen. .. Ban all of them.”

18, Carmichael

“Atlantis has the right to do that. Minors
don't need to be hanging up over there by
themselves.”

20, Carmichael

“If you don't have any business over there
don't go over there. What are children going
over there for — do they have any money to
spend?”

Bahama Bob, 40
“From their perspective it's like we have a
tourist product we can't let go of.”

Convention
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« Ms. Philcher Grant
* Sen. Hon. Jacinta Higgs

« Sen. Hon. Frederick McAlpine
« Sen. Hon. Dion Foulkes

* Hon. Dr. Hubert Minnis, M.P
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PAGE 8, THURSDAY, NOVEMBER 5, 2009

THE TRIBUNE



LOCAL NEWS



Two students charged in
connection with stabbing

By DENISE MAYCOCK
Tribune Freeport Reporter
dmaycock@tribunmedia.net

FREEPORT - Two male students of St George's High
School were charged with causing grievous harm in con-
nection with the stabbing of another male student.

The minors appeared before Magistrate Debbie Ferguson
in Court One. However, they were not allowed to enter a
plea because of the absence of the Juvenile Panel.

The matter was adjourned to February 9, 2010 when the
juveniles will return to enter a plea.

The arraignment is in relation to Monday's stabbing at St
Georges High School.

The victim remains in hospital in stable condition.

The teenagers were each granted $600 bail.

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DNA expert testifies in
double murder trial

By NATARIO McKENZIE
Tribune Staff Reporter
nmckenzie@tribunemedia.net

A DNA expert testified yes-
terday in the trial of a man
charged in the October 2006
double murders of two men on
Andros.

Frank Alphonso Pinder, 33,
of the Bluff, South Andros, is
accused of killing Glenwood
Neely Jr and James Smith Jr.
The two men were reported
missing almost two weeks
before their bodies were dis-
covered in a remote area of the
Bluff, South Andros, in an
advanced state of decomposi-
tion.

Kevin Noppinger, lab direc-
tor of DNA Labs International
in Deerfield Beach, Florida, tes-
tified that he analysed two
blood stain samples from Willi-
mae Neely and Edith Smith
along with two bone samples
submitted to the lab by
Bahamian police.

Mr Noppinger told the court
he began analysing the samples

on January 5, 2007, and later
submitted a report. He devel-
oped a DNA profile from the
blood stain samples and com-
pared them to bone samples
from the two victims.

He said he concluded there
was a 99.99 per cent chance that
Mrs Neely was the biological
mother of the individual whose
bone sample was labelled LS3
and that Mrs Smith was the bio-
logical mother of the individ-
ual whose bone sample was
labelled LS1.

Also taking the witness stand
yesterday was Kirsten Nop-
pinger, president of DNA Labs
International.

She told the court she had
received the blood and bone
samples from Detective Cor-
poral Sheria King.

She said the samples were
documented in the lab’s com-
puter system and then placed
in an evidence vault.

Detective Inspector Rochelle
Deleveaux-Rolle told the court
she had received sealed pack-
aged samples containing the

EUS TO (a

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blood stains and bone on
December 8, 2006, but did not
open them.

She explained that she did
not want to break the seal on
the samples and risk contami-
nating the evidence, which was

later handed over to a woman
she identified as Corporal King.
The trial, which is into its sec-
ond week, is being heard before
Senior Justice Anita Allen.
The case resumes today at
10am.

Man wanted for questioning
in connection with murder

ONS N Ame)

POLICE are searching for a man
who they want to question in connec-
tion with the murder of James Patrick
Gardiner, 42, of Augusta Street.

Xavient Taylor, also known as
“Ninja”
known address was Key West Street.
He is described as being 6ft tall, slim
and weighing 170lbs.

The police say Taylor should be
considered armed and dangerous.

Anyone with information about his
whereabouts has been urged to con-
tact the police on: 919, 911 or 322-
3333; the Central Detective Unit on
502-9930 or 502-9991; Crime Stoppers
on 328-8474, or any police station.

Gardiner was stabbed following an
argument in the Montel Heights area,
where he had been visiting a friend
on Monday night.

, 1s 26 years old and his last

Shooting victim identified

By DENISE MAYCOCK
Tribune Freeport Reporter

dmaycock@tribunemedia.net

FREEPORT - Grand
Bahama’s tenth murder victim
has been identified as 57-year-
old Cedric Joseph Williams, of
South Bahamia, Freeport.

Williams, who was shot late
Monday evening at his resi-
dence, was taken to hospital but
died early Tuesday morning.

A motive for the shooting is
not known. Police are appealing
to the public for their assistance
in solving this homicide.

The victim, also known as
“General,” is a well-known res-
ident of Freeport. He had



worked as a head Bellman for
many years at the Royal Oasis
Resort before it closed, in 2004.

According to police reports,
police received a call of a shoot-
ing at Braemer Drive, South
Bahamia sometime around
11pm on Monday.

Police and EMS personnel
were dispatched to the scene,
where they found an adult male
with a gunshot injury to the
upper part of his body.

The victim was taken to
Rand Memorial Hospital,
where he died around 3.15am
Tuesday.

Asst Supt Loretta Mackey
said police are investigating the
matter.

















Us








THE TRIBUNE

THURSDAY, NOVEMBER 5, 2009, PAGE 9



LOCAL NEWS



entleman’s Club
hosting ‘character
uilding’ workshops

By NATARIO McKENZIE
Tribune Staff Reporter
nmckenzie@tribunemedia.net

FOR nearly two decades, the
Gentleman’s Club has been
responsible for the recognition
and the further development of
high-achieving young men in
the Bahamas.

To date, the club, which was
founded by Dr Judson Eneas
and his wife Marchetta Eneas,
has graduated 690 ‘gents’, who
have been awarded millions of
dollars worth of college schol-
arships.

With the programme now
heading into its 19th year, Dr
Eneas said that it is hoped that
more schools will participate in
the Gentleman’s Club and that
the continued support from the
community will assist in the fur-
ther enhancement of the initia-
tive which initially started with
only 12 young men.

The Gentleman’s Club
workshops run from January to
April 2010 and culminate with
the Gentleman’s Club Ball on
April 10, 2010. Deadline for
applications is this Friday,
November 6.

For the most recent course,
some 40 young men from both
the public and private school
sectors were selected by a spe-
cial committee.

The boys participate in a
series of workshops designed
to develop strong character as
well as communication and net-
working skills.

“Tt has been my experience a
lot of times that young men are
taught to shut up and not say
anything, this is the one place
where they speak and give their
opinions. Most of our men are
in places now where they can
give back to the community and
are mentors,” said Mrs Eneas.

Dr Eneas said: “It’s about
character building and network
building, we want to build men
of character, so from the begin-



“It has been my experience
a lot of times that young men
are taught to shut up and not
say anything, this is the one
place where they speak and
give their opinions.”



ning you will see a transforma-
tion. From the beginning to end
you see the transformation
process. We take what you
have and try to take it to anoth-
er level. It’s more than getting
some money for scholarships.”

Dr Eneas said that the pro-
gramme is trying to build an
elite group of men, “because
for too long we have celebrated
mediocrity.”

“We have been told that the
Bahamas has lost its ambiance.
So we really want to elevate
our young men to a higher lev-
el because we feel that if our
young men can advance, our
society can advance,” he said.

The couple said that they are
often criticised by persons
claiming that they are “helping
the wrong boys.”

“That’s not true. We have
graduated through this pro-
gramme 690 boys over the past
18 years and with all the schol-
arships we have provided and
all the college scholarships we
have been awarded, that’s well
over $3 million worth of schol-
arships. So they can’t say we
are helping the wrong boys. We
are helping boys who may not
have been given the opportu-
nity but were smart and did not
have anyone to motivate
them,” Dr Eneas said.

The couple also noted that
there are several schools that

Marchetta Eneas

have programmes geared
towards at-risk young men and
have also chosen to refer to
them as ‘gentleman’s clubs.’
Dr Eneas said: “The prob-
lem is that this prevents certain
schools from sending boys to
this programme because they

SOK Ess
= vi





think they already have the pro-
gramme. We are not telling
them not to help the young
men, just change the name - we
own the name and the logo.”

“We want to accept boys
from every school that applies.
I think there are about 30
schools we send out applica-
tions to and at the most we
have had about 16 schools
involved. There are some
schools that aren’t sending any-
body in, so we want to let them
know that they need to get
those applications,” he said.

The Eneas’ said that they
continue to receive support
from colleges in the United
States and are also being assist-
ed by a local fraternity.

“We have had unwavering
support from some of the col-
leges in the United States and

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we are trying to solicit more
support.

“We are trying to get a few
more colleges onboard, but
Fisk, Morehouse and St John’s
University have supported us
with scholarships for our young
men,” Dr Eneas said.

He said that the club has
also benefitted from the assis-

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sizable scholarships and so we
are grateful for the support we
have gotten from the commu-
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PAGE 10, THURSDAY, NOVEMBER 5, 2009

THE TRIBUNE



LOCAL NEWS



FROM page one

have had discussions and
within a matter of weeks, at
his convenience, he will make
certain adjustments.

"T will ultimately at that
time, yes, I will be stepping
out of Cabinet in order to
fully perform the functions
of chairman of the party
over the next 18 months, to
two years, to two and a half
years until whenever the

Carl Bethel to step down
as Minister of Education

next election is called. At
which time — when the
FNM will, God willing and
with the help of the Bahami-
an people, be restored to
office — I will of course look
towards the resumption of
my Cabinet responsibilities

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in some form or fashion
that's decided by the prime
minister," Mr Bethel told
the media on the sidelines
of the FNM convention,
minutes after he was elected
as party chairman.

Mr Bethel said he volun-
teered himself to be nomi-
nated as party chairman after
more than a month of dis-
cussions at the Cabinet level.

"A number of names were
discussed internally and
through a process, a weed-
ing out process. . .We ulti-
mately arrived at a handful
and at that point when it was
down to two or three I said
"Look, I would volunteer my
services for the good of the
party.” There were others
who were prepared, but I
stepped forward".

Mr Bethel, who previously
served as party chairman,
said he does not see the
move as a demotion but the
chance for him to assist his
party in the best way he can.
In order to avoid a repeat of
the FNM's loss in 2002, he
said it is critical for the party
to keep an ear to the ground
and ensure that the country
knows how well the govern-
ment is handling the current
economic crisis.

His first order of business
as chairman is to improve
communication at the par-
ty's headquarters with a
strong focus on multimedia;
to address concerns of rank
and file FNM supporters;
and begin galvanising FNM
foot soldiers as the party pre-
pares for the next election.

Mr Roberts, who
announced his plans to dis-
mantle the FNM upon tak-
ing office, took Mr Bethel to
task for his "failed" term as
education minister.

"A word of encourage-
ment to our devoted educa-
tors; the end of the month is
but 24 days away and it ain’t
long now," Mr Roberts said.

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NEWLY-ELECTED FNM
Chairman Carl Bethel
speaks yesterday.



Bethel elected FNM Chairman

FROM page one

Johnley Ferguson will not be offering as a can-
didate for chairman this time. I therefore beg
to put the nomination in the name of Carl
Wilshire Bethel," said Mr Ingraham as the
crowd broke out into thunderous applause.

Mr Ferguson - who told The Tribune hours
before the nomination process that he expect-
ed to win the chairmanship race - seconded the
nomination.

Chairman candidate Ivoine Ingraham
moved the motion to nominate Mr Bethel
unopposed in the "interest of party unity", he
told the delegates.

Although he put on a brave front at first, the
"emotionally drained" candidate was later
consoled by a supporter as he wept over the
lost opportunity.

Mr Ingraham - who launched a public cam-
paign for the post several weeks ago - told the
media he put aside his pride and dropped out
of the race. He conceded that due to the prime
minister's endorsement of Mr Bethel's nomi-
nation it would have been futile for him to

battle for the post.

"If the Prime Minister stands up, the Prime
Minister that enjoys a great deal of support in
that convention, and nominates someone I
must be the greatest fool there is to waste my
time and waste the convention's time to have
them vote for a position that I really have
absolutely no chance in winning,” said Mr
Ingraham, who said he was informed of the
move to nominate Mr Bethel yesterday morn-
ing.

Chairman-elect Carl Bethel said his main
aim is to position the FNM to ensure its victory
when the country returns to the polls.

"Tt was the consensus view of the party lead-
ership that we really needed to in a sense take
things up to another level and hopefully a lev-
el that will be effective in positioning the par-
ty to face the next elections," he said on the
sidelines of the convention, with Ivoine Ingra-
ham at his side.

During the nomination process for party
officers both Mr Ingraham and FNM deputy
leader Brent Symonette were unopposed and
elected to their respective posts to rousing
applause, cheers and a standing ovation.






























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Highlighting anti-crime
policies and initiatives that
the FNM government have
taken, the Minister said,
“Soon, when ordered by the
courts, we will be electroni-
cally monitoring persons
charged with, or sentenced
for, crimes who are not serv-
ing custodial sentences in Her
Majesty’s Prisons.”

Mr Turnquest also spoke
about Closed Circuit Televi-
sion (CCTV) pilot projects
which are being launched in
the downtown area and in the
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them, “Smile, you may well be
on CCTV. We will tape you,
and we will apprehend you.’”

The Minister then encour-
aged Bahamians not to be
permissive or compliant when
those close to them commit
crimes.

“We must be prepared, in
confidence, to tell the police
what we know,” he said. “We
must tell the police who has
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THE TRIBUNE THURSDAY, NOVEMBER 5, 2009, PAGE 11
LOCAL NEWS

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FNM DEPUTY LEADER Brent Symonette at the convention

EX-PLP official seeks US court promise i Gf. Aj

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ts

THURSDAY, NOVEMBER 5,



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PAGE 13 & 14©¢ International sports news

CATHOLIC PRIMARY SCHOOL LEAGUE'S BASKETBALL LEAGUE

ot. Bede's Crusher

remain undefeated

St. Francis and Joseph’s Shockers flattened 41-3

by RENALDO DORSETT
Sports Reporter
rdorsett@tribunemedia.net

The defending champions
continued to dominate in the
Catholic Primary School
League’s Basketball League
yesterday, despite an off per-
formance from their star player.

With a balanced team effort,
the St. Bede’s Crushers
remained undefeated with a 41-
3 win on the road yesterday
over the St. Francis and
Joseph’s Shockers.

Adrian Mackey led the
Crushers with 16 points, while
perennial leading scorer Kyle
Turnquest chipped in with 11
and Gregory Cooper finished
with eight.

The Crushers led 6-1 at the
end of the first quarter, with
Mackey opening 3-3 from the
field.

The Shockers’ lone score of
the half came from Paul Far-
quharson at the free throw line
just before the end of the quar-
ter.

The Crushers defense did not
give up a field goal the entire
game, using a stifling defensive
effort to widen their margin at
the end of each quarter.

Cooper scored the opening
basket early in the second and
both teams struggled offen-
sively without a score until the
final play of the half.

Turnquest stole the inbound
pass with eight seconds left and
raced downcourt for his first
score of the game and gave his
team a 10-1 lead at the half.

With the regular starters on
the court in the third, the
Crushers opened with a half-
court trap which continuously
netted turnovers and fastbreak
baskets.

Turnquest and Cooper
outscored the Shockers 9-0 in
the quarter with Cooper scoring
on the first two fastbreak bas-

SEE page 13

r .

he

ais! A F A
= eo ail

“5 a

ST Bede’s Crushers’ Kyle
‘Flash’ Turnquest attempts a
dunk...

Photo by Felipé Major |.










A



Rubin draws
0-0 with

Barcelona...
See page 14

Athletes put the
S HAV W UMC

By BRENT STUBBS

As interesting letter
came into my email

from a group of senior track
and field athletes on the plight
of the Bahamas Association
of Athletic Associations’
upcoming annual general
meeting and their election of
officers.

The letter states that the
athletes, both active and
retired, felt it was time for
them to weigh in on the
salient event to elect a presi-
dent for their prestigious
organization, which has
undergone many changes in
recent times.

Although the athletes
declined to identify them-
selves, they made some criti-
cal point, which adds another
dimension to the whole make-
up of the BAAA or any of
the other major sporting bod-
ies for that matter.

Where's the Athletes Rep-
resentatives and why are they
not allowed to participate in
the election of their officers?

Track and field has been
the most vibrant sporting
body with the highest profile
on the international scene, yet
the association has yet to
make provisions for the voic-
es of its athletes to be heard.

With the elections sched-
uled for November 21, there's
no time for the BAAA to
meet and make amendments
to include such a body. But
there's still time for the asso-
ciation to hear the concerns
of the athletes.

While space won't allow for
the publication of the letter
in its entity, I wish to take this
opportunity to point out these
key aspects:

"We will not be deceived
with rhetoric and double stan-
dards," the athletes wrote.
"How is it that one can aspire
to reclaim leadership to an
organization when the insti-
tution was overwhelmed with
division and without a vision
during the tenure of the oust-
ed leader?

"This in our view portrays
arrogance. Our firm and fer-
vent desire is that any and all
candidates vying to reclaim a
position of leadership in the
BAAAA should begin with
open and honest confession

STUBBS



Wy"
OPINION

of their former management
of the institution."

The letter further states
that while the athletes know
they are not eligible to vote,
they do feel they should have
a voice in determining who is
elected to run the affairs of
the association.

And they're right because,
as they also stated, they have
and are forced to maintain a
high standard and likewise,
they should only expect the
same from the people who
lead them.

Let me state here that I'm
not taking any sides, but I
firmly believe that our leaders
must realize that without the
athletes, they won't have any
organization to manage. If our
athletes are not performing
to the level that will enable
them to qualify for the inter-
national meets, then there
won't be the need for a
national team to travel.

I just think that more con-
sideration must be given to
our athletes and that's not just
in track and field, but all
sports, if we're going to con-
tinue to make the inroads that
we've done so far.

The BAAA just happen to
be the one in the spotlight

SEE page 13

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GSSSA VOLLEYBALL SENIOR CHAMPIONSHIPS

Difficult opening

by RENALDO DORSETT
Sports Reporter
rdorsett@tribunemedia. net

Day one of the GSSSA Volleyball Senior
Championships proved to be a difficult outing
for the C.C Sweeting Cobras as both teams
lost the opening games of their respective
series.

In senior boys play the Cobras have much
ground to make up if they hope to repeat as
champions after a three set loss to the C.V.
Bethel Stingrays, while the girls fell in straight
sets to the defending champion C.R Walker
Knights.

The Stingrays overcame an opening set loss
to take game one 19-21, 19-14, 15-12.

The opening set was an equally played back
and forth contest with neither team leading
by more than two scores throughout.

The set featured 11 ties and 11 lead changes
with the Cobras getting the better of the
Stingrays late in the set.

The first tie came early in the set at 4, and
the Cobras took the biggest lead of the set, 11-
9 on a score by Gabi Laurent.

Tied at 19, Roosevelt Whylly spiked home a
score to give the Cobras a 20-19 lead and Ken-
vado Thomspon converted on the next play to
take the first set.

The second set proved to be a complete
turnaround as the Stingrays raced out to a
commanding 6-0 lead before the Cobras could
reach the scoreboard.

A bad serve ended the run for the Stingrays,
but they maintained the six point advantage for
much of the set.

day for the Cobras

The Stingrays led 10-4 before the Cobras
chipped into the advantage with a pair of kills
by Whylly and a block by Thompson to bring
them within three.

C.V Bethel stayed ahead by four scores,
before a final run won the set handily.

Ahead 14-10, Tre Adderley scored on con-
secutive scores and the Stingrays’ defense
forced a series of errors to take the second
set by six points.

In the third and deciding set, the Cobras
appeared to be well on their way to a game one
win, before the Stingrays defense once again
stepped up and forced a rally.

Jamon King became the hero, as he scored
three of his team’s final four points of the set.

The Cobras opened the set with a 4-0 lead,
only to have the Stingrays answer with five
scores of their own to take a 5-4 advantage.

The Cobras led 8-5 heading into the side
switch.

The Stingrays again pulled ahead 10-9, and
after a 10 all tie, King scored the first of his
many clutch points down the stretch.

King’s point sparked a 4-0 run capped by a
soft dink at the net which dropped in for a
14-10 lead.

Fittingly he spiked home the winner to give
the Stingrays a 15-12 win in the set and match.

Adderley led the Stingrays with 11 points
while King added four.

Laurent led the Cobras in a losing effort
with nine.

Play continues in both series today at the
D.W Davis Gymnasium, beginning at 4pm.


TRIBUNE SPORTS

THURSDAY, NOVEMBER 5, 2009, PAGE 13



LOCAL AND INTERNATIONAL SPORTS



Crawford leads Hawks
to victory over Blazers

By ANNE M PETERSON
AP Sports Writer

PORTLAND, Ore. (AP)
— Jamal Crawford is happy
with his new team and his
new role.

"This is the most fun I've
had because I haven't had
these kinds of athletes, ever.
So it feels good,” he said after
scoring 27 points off the
bench to lead the Atlanta
Hawks to a 97-91 victory over
the Portland Trail Blazers on
Tuesday night.

Al Horford's dunk with
56.6 seconds left made it 95-89
and all but sealed it for the
Hawks. Horford finished with
11 points and 13 rebounds.

LaMarcus Aldridge, who
was questionable going into
the game with a knee injury,
led the Blazers with 20 points
and 14 rebounds.

Horford's dunk on a fast
break put the Hawks up 86-80
with six minutes left in the
fourth quarter. He momen-
tarily stood underneath the
basket, staring down the Rose
Garden crowd in defiance
after Portland led by as many
as 12 points in the first half.

Portland's Travis Outlaw
made a jumper and a 3-point-
er to narrow it to 86-85, but
Crawford came back with a
jump from the top of the arc
with 4:01 left.

After Outlaw closed in
again with another jumper,
Joe Johnson hit a 3-pointer
to make it 91-89 for the
Hawks.

Andre Miller made a pair
of free throws for Portland
before Johnson's jumper and
Horford's dunk with just
under a minute left kept Port-
land at bay the rest of the
way.

Crawford, who was
acquired by Atlanta in the off-

season after splitting time
between New York and
Golden State last year, said
he's adjusting to his reserve
role.

"T think it gives us good
balance," he said. "We have a
really, really strong starting
five and we have a really good
bench, so we try to balance
both and make the best of it."

The Hawks (3-1) were play-
ing the second of a four-game
road trip. They fell 118-110
to the Los Angeles Lakers on
Sunday.

Aldridge played against the
Hawks after he was knocked
out of Portland's game Sun-
day at Oklahoma City with a
bone contusion on his right
knee. The Blazers (2-3)
defeated the Thunder 83-74.

The Blazers uncharacteris-
tically fell to 1-2 last home.
Last season they were 34-7
advantage at the Rose Gar-
den.

"T feel like our level of play
has got to go up,” coach Nate
McMillan said. "To win, we're
not playing as hard as we
need to win ball games.”

The Blazers and the Hawks
split their series last season,
with each team holding their
own at home. Portland has
won nine of the last 11 against
Atlanta at the Rose Garden.

The Blazers began to pull
away late in the first quarter,
capped by Brandon Roy's
two-handed jam to make it
25-15. Greg Oden padded the
lead to start the second with a
dunk off a pass from Miller.

But the Hawks came back,
with a 14-6 run capped by
Mike Bibby's 3-pointer to
close to within 43-41. The
Hawks narrowed it to 48-47
at the break. Atlanta was led
by Crawford, who had 15
points in the quarter.

"He was huge,” said coach



GREG ODEN (left) looks for an opening to the basket as Atlanta Hawks center Al Horford defends during

the first quarter of their game in Portland, Oregon, on Tuesday night...

Mike Woodson. "He's a shot-
maker. I haven't had a big-
time guy off the bench like
that who can score the ball.
Atlanta jumped up early in
the second half but it was
brief, marked by a Horford

Johnson leads NFL in rushing

shot that came to rest on the
space between the rim and
the backboard.

Portland came back to go
up by as much as 64-56 after
Steve Blake's 10-foot-jumper,
but again Atlanta answered
and led 72-69 at the end of

(AP Photo: Don Ryan)

three. Roy's step-back jumper
tied it for the Blazers at 80,
but the Hawks scored the
next six straight, capped by
Horford's fast break dunk,
with an assist from Crawford,
that made it 86-80.

GP) TOYOTA moving forward

NASHVILLE, Tenn. (AP) — Tennessee cor-
nerback Cortland Finnegan is fast, very fast. And
he refuses to even think about racing teammate
Chris Johnson.

Not even for fun.

“There’s some things you just don’t do,”
Finnegan said with a smile. “A Ferrari and a
Toyota Corolla will not race. I feel like Pll be a
Toyota Corolla. I’m not going to race a Ferrari.”

Johnson is the speedy second-year running
back from East Carolina who is leaving defend-
ers in his wake. He’s leading the NFL in yards
rushing (824) and yards per carry with a whop-
ping 6.9 average, and was the AFC offensive
player of the week Wednesday for his franchise-
record 228 yards rushing in last week’s 30-13 win
over Jacksonville.

Call it arrogant, but Johnson said he hasn’t
seen anyone match his speed — measured at
4.24 seconds in a 40-yard dash — yet in the NFL.

“T’m not all about my speed. I can make peo-
ple miss. I can break tackles,” he said.

It’s part of Johnson’s march to being one of the
NFL’s best, and this season’s goal is 2,000 yards,
which has been done only five times and not
since Jamal Lewis in 2003. If he reaches that,
Johnson plans to reward his linemen by buying
them cars. He has topped 100 yards three times
this season, and his 228 yards was the NFL’s best
since Adrian Peterson rushed for 296 on Nov. 4,
2007, against San Diego. It was also the 16th best
rushing total since the NFL/AFL merger in 1970.

Some running backs may have more touch-
downs than Johnson’s four, but each of his scor-
ing runs has been longer than 52 yards, and he is
busy rewriting the Tennessee record book, pass-
ing by names like Billy Cannon, Earl Campbell
and Eddie George. Johnson has two of the fran-
chise’s three longest TD runs with an 89-yarder
and a 91-yarder — both this season.

“It feels real good to look at some of the guys
who have played before me, then come in and
break a record. But records are made to be bro-
ken,” Johnson said.



MAGIC guard Vince Carter goes
down after injuring his ankle in
the second quarter of a game
against the New Jersey Nets...
(AP Photo: Bill Kostroun)

Magic’s
Carter
sidelined
with injury

ORLANDO, Florida (AP)
— Orlando Magic guard
Vince Carter was sidelined
against the Phoenix Suns on
Wednesday night with a
sprained left ankle.

Carter was first injured Fri-
day against New Jersey. Mag-
ic coach Stan Van Gundy said
Carter aggravated the ankle
again Tuesday night versus
Detroit. Carter’s status is day
to day.

The 32-year-old guard was
Orlando’s biggest free agent
splash this summer. The Mag-
ic acquired Carter from New
Jersey in a trade that sent
Courtney Lee, Rafer Alston
and Tony Battie to the Nets.
Orlando also received Ryan
Anderson.

Meanwhile, small forward
Mickael Pietrus returned to
the Magic’s lineup Wednes-
day after missing two straight
games with flu-like symptoms.

TOUGH TRUCK
smooth Ride

The Crushers remain undefeater

FROM page 12

kets from turnovers.
Turnquest was 3-5 from the

line in the third but missed sev-

eral easy lay-ups at the basket

The Crushers led 19-1 at the
end of the third quarter.

The fourth was the most pro-
ductive scoring quarter for St.
Bede’s as they outscored St.
Francis and Joeseph’s 22-2.

Malik Jones opened the scor-

Mackey was again the team’s
catalyst, dominating the offen-
sive boards, and scoring 10
points in the quarter.

Leading 36-1, Johnathan Fin-
layson converted two free
throws at the line for the

which he would normally con-
vert.

STUBBS OPINION

ing on the opening possession
with a baseline jumper.

Shockers for their only scores
of the half.

BAAA in the spotlight

FROM page 12

because their elections is on the horizon. But
whenever you have athletes speaking out
about your organization, I think it’s time to
take note.

ROBINSON SUPPORT

Tommy Robinson has been the name of
track and field for a long time.

He's still being remembered for his sole rep-
resentation on the international scene and his
name is inscribed on our national track and
field stadium.

But in recent years, Robinson has been side-
lined with stomach cancer and has reportedly
mounted a hugh financial bill and the Bahamas
Association of Athletic Associations is coming
to his rescue.

At age 71, Robinson has been the sporting
ambassador for the country and now it's time
for the country to show their gratitude in a
tangible way once again.

I say once again because in July, a commit-
tee called "Friends of Tommy Robinson" host-
ed a gala luncheon in his honor. The public
should be commended for the turnout.

On Saturday, December 12, the public is
once again being called upon to help Robin-

TO DISCUSS STORIES ON THIS PAGE LOG ON TO WWW.TRIBUNE242.COM

son. This time it’s true a 20 Mile Fight for
Cancer Relay Health Run.

It's a new initiative, but I feel it's one that
can really catch on and make an impact in our
country as competitive and non-competitive
athletes come together and compete for a wor-
thy cause.

It's not every day that this type of appeal is
made. But Robinson is not your ordinary per-
son. He has served as a great ambassador, a
mentor and a supporter for many of our ath-
letes.

Let's rally around and give Robinson our
support in this venture.

HAPPY BIRTHDAY SEA WOLF

Another remarkable Bahamian is in the
spotlight.

On Monday, Sir Durward ‘Sea Wolf’
Knowles celebrated another milestone, his
92nd birthday. But if you see him, he certain-
ly doesn't look that old.

Maybe it’s because of Knowles’ generosi-
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Bahamas, not just in sports, but just about
every aspect that he has been invited or will-
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PAGE 14, THURSDAY, NOVEMBER 5, 2009

INTERNATIONAL SPORTS

TRIBUNE SPORTS







FORMER NBA REFEREE Tim Donaghy leaves Brooklyn federal
court following his sentencing in New York. Donaghy was a free
man yesterday after serving most of a 15-month sentence in a gam-

bling scandal.

(AP Photo)

Ex-NBA ref
is released
from jail

BROOKSVILLE, Flori-
da (AP) — Disgraced for-
mer NBA referee Tim Don-
aghy was a free man on
Wednesday after serving
most of a 15-month sentence
in a gambling scandal.

Pat Berdan, a consultant
working with Donaghy, said
he was released from Her-
nando County Jail in Flori-
da, where he had been held
since August after officials
said he violated travel
restrictions while living at a
halfway house in the Tampa
area.

A New York judge sen-
tenced the former referee in
July 2008 after Donaghy
said he took thousands of
dollars from a professional
gambler in exchange for
inside tips on NBA games
— including games he
worked.

The 42-year-old pleaded
guilty to conspiracy to

engage in wire fraud and
transmitting betting infor-
mation through interstate
commerce in the tips-for-
payoffs scheme.

Donaghy served 13
months of the sentence.
During his stay in prison, he
wrote a tell-all book "Blow-
ing The Whistle," that does
not yet have a publisher.
Excerpts posted online
include accusations of
wagering between officials
working games, favoritism
toward star players, and
desires by the league to
extend playoff series.

The NBA has said it will
review the allegations that
appeared on the Web site
deadspin.com.

Executive Prison Consul-
tants, a consulting agency
working with Donaghy, has
said the former referee plans
to seek a job in sales or mar-
keting.

Rubin draws 0-0
with Barcelona

By DAVID NOWAK
Associated Press Writer

KAZAN, Russia (AP) —
Rubin Kazan held off the
constant attacking of
defending champion
Barcelona to earn a 0-0
draw Wednesday in the
Champions League.

Barcelona dominated
possession but lacked sharp
finishing against Rubin's
disciplined defense, leaving
the two teams with five
points each in Group F.

The visitors came closest
after only two minutes,
when Zlatan Ibrahimovic
curled a shot past goal-
keeper Sergei Ryzhikov
onto the outside of the post
after a precision through
pass by Xavi Hernandez.

Rubin substitute Alexan-
der Bukharov had the hosts’
best chance in the 79th. Vic-
tor Valdes ran out of the
Barcelona goal to smother
his shot.

The match was played in
freezing conditions in
Kazan, the capital of the
autonomous Tatarstan
republic.

After Ibrahimovic's miss,
Xavi's chip from 20 meters
(yards) sailed on to the roof
of the net in the 19th
minute. A minute later,
Messi dribbled past two
defenders but Ryzhikov
dived at the Argentine’s
feet to steal the ball.

Carlos Puyol blocked a
low drive from Ecuadore-
an midfielder Chistian
Noboa in the 25th, while
Messi struck a fierce shot
from 20 meters (yards) that
bounced just wide seconds
later.

Argentine striker Alejan-
dro Dominguez was a nui-
sance for the Barcelona
defense, jinking past sever-
al players in the 31st minute
before losing the ball from
some tight marking inside
the box.

Ryzhikov saved twice
again before the break,
from Andres Iniesta and

Ibrahimovic.

Barcelona was less potent
in the second half with
Rubin's defenders,
undaunted by their illustri-
ous Opponents, calmly deal-
ing with cross after cross.

Yaya Toure struck a

stinging drive from 30
meters (yards) after the
break that Ryzhikov par-
ried for his defense to clear.

Iniesta skipped past two
defenders and into the box
but shot wide in the 54th,
while Xavi sliced a long shot

past the post in the 67th.

A rare Rubin attack in
the 69th ended in
Dominguez shooting weak-
ly for the ball to bobble
wide.

Five minutes later,
Dominguez played Alexan-

FC BARCELONA’S Carles Puyol (left) fights for the high ball with Rubin Kazan Gokdeniz Karadeniz
during their Group F Champions League match in Kazan, Russia, yesterday...

(AP Photo: Sergey Ponomarev)

der Bukharov through but
the substitute could only
chest the ball down into the
arms of Valdes.
Barcelona substitute
Thierry Henry shot wide
when put through by Lionel
Messi in the 90th minute



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&

THE TRIBUNE

6

&

THURSDAY, NOVEMBER 5, 2009, PAGE 15

LOCAL NEWS



Burns House and Kalik support junkanoo groups

Junkanoo Fan Festival kicks off at the
Butler & Sands Grounds on November 7



PICTURED are representatives from the participating junkanoo groups along with representatives form the
Burns House Group and the Department of Culture. Seated (I to r) are: LeRoy Archer, managing director,
Burns House; Charles Maynard, Minister of State, Department of Culture; Wendell Seymour, corporate rela-
tions manager, Burns House. Standing (I-r): Eddie Dames, Saxons / Ministry of Culture; Sadira Levari-
ty, One Family; Shameka Johnson, Miss Cultural Bahamas; Les Johnson, The Roots; Davon Brennen, The
Valley Boys.

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ASSOCIATION IN COLLABORATION WITHTHE LS. EMBASSY
PRESENTS THE 2009 ENERGY CONFERENCE

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THURSDAY, NOVEMBER 12", 2009
9:00 am - 5:00pm
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The conference will feature local and international presenters

and panelists including The Hon. Earl Deveaux, Minister of the

the Environment, as well as Dr. Al Binger and representatives from the
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TO DISCUSS STORIES ON THIS PAGE LOG ON TO WWW.TRIBUNE242.COM

THE Burns House Group of Companies
and Kalik Beer have committed to supporting
four major junkanoo groups in their fundrais-
ing efforts by hosting Junkanoo 4.0: The Ulti-
mate Fan Festival.

This four-event series will take place at the
Butler & Sands grounds, and feature the Sax-
ons on November 7, the Valley Boys on
November 14, One Family on November 28,
and the Roots on December 5.

On its featured night, each group will per-
form a show-time hour, in addition to a rush-
out performance.

Junkanoo fans can expect to see the groups
exhibiting at their very best, as they fine tune
their shows for the upcoming Boxing Day and
New Years Day parades.

The gates will open at 6pm, with entrance
fees set at $5 before Spm, and $10 after. Gate
proceeds will aid the featured group of the
night.

Kalik Beer, whose name is derived from the

“kalik, kalik, kalikin” sound of cowbells used
in junkanoo, has supported the development of
the festivals and various other aspects of
Bahamian culture for the last 21 years. LeRoy
Archer, managing director of Burns House,
noted that, “With groups finding corporate
entities unable to contribute what they would
have in better economic times, we are extreme-
ly happy that we have figured out a way to
help junkanoo groups help themselves.

“These events will essentially help the groups
make it to Bay Street, while at the same time,
provide world class entertainment in a safe
environment.”

In addition to the junkanoo performance,
food and drinks will be on sale. Junkanoo 4.0:
The Ultimate Fan Festival has been endorsed by
Minister of State for Culture Charles May-
nard, and Bahamians, residents and tourists
alike are being encouraged to attend.

The Burns House Group reminded atten-
dees to drink responsibly.

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(Wy
LY

THE TRIBUNE
Ul .



Bahamas financial $2 Om

5]

THURSDAY,





NOVEMBER 5,



a



SECTION B ¢ business@tribunemedia.net

eroup’s ‘first step’
in regional growth

By NEIL HARTNELL
Tribune Business Editor

BAF Glob-
al Group, the
parent of
Bahamas-
based financial
services
provider
British Ameri-
can Financial,
yesterday said
it had grown COOPER
into a business
containing
“well over” $100 million in
assets and “just under”
100,000 policyholders through
its acquisition of British
American Insurance Compa-
ny (Cayman), the “first step”
in the Bahamian firm’s
regional and international
expansion.

Chester Cooper, BAF
Global Group’s chairman,
and president/chief executive
of British American Finan-
cial, told Tribune Business
from the Cayman Islands that
the move to purchase British
American Insurance Compa-
ny (Cayman) from its judicial
managers, KPMG, represent-
ed “the first step in our
regional strategy”.



* British American Financial
acquires Cayman operation
from receivers, giving
enlarged group ‘well over’
$100m in assets and almost
100,000 policyholders
collectively

* $2 5m infrastructure
investment in Bahamas
set to pay-off for Bahamian
interests via back office
outsourcing from Cayman

* Bahamian company exploits
CL Financial difficulties to
begin regional/international
growth plan

Mr Cooper described the
acquisition as “very positive”
for British American Finan-
cial and BAF Global’s
Bahamas interests, saying
there was “a real possibility”
that some of the Cayman
operation’s back office func-
tions would be outsourced
back to the Bahamas.

This, Mr Cooper told Tri-
bune Business, had been

SEE page 8B

Post Office privatisation called for

By NEIL HARTNELL
Tribune Business Editor

THE Government was yes-
terday urged to privatise the
Post Office, an ex-Bahamas
Chamber of Commerce pres-
ident telling Tribune Business
that inefficiencies in handling
mail and the early closures
caused by non-functioning air
conditioning systems were
adding to the “costs of doing
business”.

Returning to the theme that
the Government should get
out of running and owning
businesses, Dionisio
D’ Aguilar, Superwash’s pres-
ident, said delays in the send-
ing and receipt of return mail,
especially for companies send-
ing out bills and receiving
payments, caused accounts
receivables problems and
added to business costs.

These delays, he added,
also impacted consumers, as
they sometimes did not
receive bills from institutions
such as the banks and the util-
ity companies until after the
due date.

Suggesting that the Post
Office and its functions did
not seem to be important to
the Government, with the
administration “not interested
init”, Mr D’Aguilar suggest-
ed that the agency either be
outsourced to a private sec-
tor management who would

operate it, or privatise it alto-
gether.

Although the Government
was unlikely to earn a huge
sum of money from selling-
off the Post Office, Mr
D’ Aguilar said: “Perhaps it’s
something you could priva-
tise. Give someone a contract
to run it, and set performance
guidelines for them.

“Privatise the Post Office.
You would have a lot more
flexibility to innovate and get
rid of dead weight.” Many
developed world nations, such
as the UK and US, have
already privatised formerly
nationalised post offices and
mail delivery systems, such as
Britain’s Royal Mail, handing
them over to private sector
managers and owners who
have increased efficiency by
computerising them.

“Tt seems to be in distress;
it’s not working,” Mr
D’Aguilar said of the Post
Office. “The way we conduct
business in this country is still
very much send me a bill,
send you a cheque, and we
need a Post Office for that to
happen.

“So if you are a business
that requires the sending out
of bills, the Post Office is an
integral component of doing
business, especially if you are
in the accounts receivables

SEE page 3B

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By CHESTER ROBARDS
Business Reporter
crobards@tribunemedia.net

group of young
Bahamian businessmen
yesterday told Tribune
Business they are devel-
oping one of the most
innovative and environmentally-friend-
ly gated subdivisions in New Providence,
sparing no expense on the latest tech-
nology in erecting the $20 million South
West Ridge Tuscan Shores Community.

Anthone Deveaux, chairman of
Green Thumb Investments, parent com-
pany of Tuscan Shores Development
Company, said the community was
developed with single family homes in
mind, especially with professional moth-
ers seeking security and comfort.

With the western district of New Prov-
idence producing a mass of new com-
munities, these entrepreneurs said they
have moved to produce a gated com-
munity with the old-world feel of Cen-
tral Italy, the latest in communication
infrastructure and some of the most
environmentally secure acreage of any
other community. The men secured the
services of a Bahamian botanist for the
purpose of saving and integrating indige-
nous trees and vegetation.

“We as a company take pride in being
more like land architects than land
butchers,” said Mr Deveaux.

According to him, residential lots are
65 per cent sold out and infrastructure is
80 per cent complete.

Fibre optic cable has been laid

By NEIL HARTNELL
Tribune Business Editor

PUBLIC sector unions

throughout the community to facilitate
the latest in communications, including
cable television, Wi-fi and telecommu-
nications, in order to cater to the young
professional market. And the fibre optic
technology will be used to integrate
triple play packages that bundle cable
television, Internet and telephone ser-
vices coming online in this country.

Shareholder Kelvin Leach said the
fibre optic cabling will also allow for a
state-of-the-art security system to forti-
fy Tuscan Shores.

“We are the first community in Nas-
sau using fibre optic technology in the
infrastructure,” he said.

Tuscan Shores will also feature under-
ground electrical facilities in order to
protect the community during storms
and maintain its aesthetic landscape.

Mr Deveaux said paving of the 10-
acre property could begin next month,
while buildings will start to go up near
the end of December and early next
year.

The group hopes to have the commu-
nity completed by early 2013, but due to
the current economic conditions apply-
ing brakes to certain aspects of the pro-
ject, construction could continue on into
2015.

Peter Baskin, the civil engineer with
the group, said at the height of con-
struction the site could create 50 to 60
permanent jobs. As a fully Bahamian-
owned company, Green Thumb Invest-
ments has made sure to employ a full
compliment of Bahamian firms to design
and complete the Tuscan Shores Pro-
ject.

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project 65% ‘sold out’

Designers have incorporated grand
green spaces with the community, going
above and beyond the Ministry of
Works’ requirements, with a common
pool facility, tennis courts and a chil-
dren’s play area.

The group hopes to also integrate as
many alternative energy sources as pos-
sible, including solar street lighting.

“We want to be as environmentally
friendly as possible and put in as much
alternative energy sources as we can
implement,” said Mr Deveaux. “We
have a responsibility to the environ-
ment.”

Lots in the community will begin at
$119,000, while the 1,500 square foot,
two-bedroom town homes will start at
$295,000 and 1,800 square foot three-
bedroom at $295,000.

According to the group, the square
footage of their town homes and houses
are larger than most communities cur-
rently being built. And construction of
houses will be held to strict building
codes that must be approved by a home
owners association. All of the buildings
and surrounding community will have
“European flare mixed with a little
island flavour”.

The men said they chose the
Westridge area because of its proximity
to the burgeoning western district, the
airport and downtown. Tuscan Shores is
nestled in the middle to upper-class
community of West Ridge.

“We’re the future of the Bahamas
and that comes with the responsibility to
construct a world class development - at
any level,” said Mr Leach.

‘Hold the line’ over public sector wages

* Salary increases could jeopardise IMF’s inflation targets
* Government urged to hold down industrial agreement
settlements to keep inflation and public finances



must “hold the line” on push-
ing for salary increases in
upcoming industrial negotia-
tions to keep inflation and the
public finances under control,
a leading Bahamian accoun-
tant said yesterday, as he
urged the Government to
include productivity clauses
to combat this nation’s rela-
tively low output per worker.

Raymond Winder, Deloitte
& Touche (Bahamas) man-
aging partner, said the Inter-
national Monetary Fund’s
(IMF) projections that

under control, and recovery on course
* Productivity ‘out of line’ with per unit of
labour output costs, says top accountant

Bahamian inflation would fall
to 1 per cent in 2009 and just
0.2 per cent in 2010, com-
pared to 4.5 per cent last year,
could be jeopardised by the
‘cost-push’ effects of increased
wage settlements with public
sector unions.

Referring the possibility of
industrial action by the Union

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sector unions helped raise the
cost base for utilities and oth-
er government-run agencies.

SEE page 11B

Share ¢ Read ¢ Inspire


PAGE 2B, THURSDAY, NOVEMBER 5, 2009

THE TRIBUNE





National energy policy must be more robust

By Audrey Ingram
Roberts

THE National Energy Pol-
icy Committee’s first report
provides some insight into the
challenges involved in formu-
lating such a policy for the
Bahamas. The policy’s vision
statement should indicate an
aim for the Bahamas to

TA Deany

become a low carbon econo-
my by some point in this cen-
tury. It should inform the
public of when the goal will
be reached; what constitutes
“low”, given our prevailing
realities; and how that goal is
to be achieved. The report
suggests that it is through pilot
studies that these metrics will
likely be generated (once

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smart indicators have been
identified, I suppose).
Nonetheless, it is important
that a policy communicates a
robust vision of a changed
future regarding energy.
Additionally, the policy
should stimulate enthusiasm
for a shared vision by all
stakeholders. A clear energy
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stakeholders appreciate what
is involved in transitioning
from high to low carbon sta-
tus, and indicate the value
added to our society and our
environment in achieving this.

There are compelling rea-
sons why the Bahamas must
become a low carbon econo-
my. Those reasons have to do
with climate change, the
changing economic climate
and our sustainable develop-
ment objectives. Energy is the
pivot. It is both a threat to,
and opportunity, for attain-
ing sustainable development.
How we reduce the threat or
augment the opportunities
depends much on our willing-
ness to take responsibility for
how we consume energy now,
and how much we are pre-
pared to change at the micro
level where, as individuals we
live our daily lives, as well as
at the macro levels of social
and economic policy.

The Committee’s report
said that formulation of a
Conservation Policy will fol-
low the Energy Policy. That’s
linear planning, in my view.
Our environment is at the epi-
centre of all the compelling
reasons why the Bahamas’
goal must be to become a
low-carbon economy. It there-
fore has to embark upon a
structured transition process
to reach and sustain that goal.
Rather than following on the
heels of the energy policy for-
mulation process, conserva-
tion is itself a crucial pillar of
the energy policy framework,
and should be embedded as
a platform for action towards
the fulfillment of a robust
energy policy.

eA ee 5

Transitioning to a low car-
bon economy

“There are complex policy
challenges involved in man-
aging the transition to a low
carbon economy, and in
ensuring that societies can
adapt to the consequences of
climate change that can no
longer be avoided.” So says
the Stern Review, commis-
sioned by the British govern-
ment on the economics of cli-
mate change in a publication
released in 2006.

The truth of that statement
is meaningful for the energy
policy formulation exercise
currently underway in our
country.

The United Nations’
2007/2008 Human Develop-
ment Report announced that
if all countries were to emit
carbon dioxide at levels simi-
lar to the Bahamas, the world
would exceed its current CO2
output by over 200 per cent.
Although small in geographic
size, the Bahamas’ emission
levels per capita are above
those of all other Latin Amer-
ican and Caribbean countries
with a similar population size.
(Tribune editorial on Thurs-
day, December 13, 2007)

The operative term in the
statement is ‘per capita’, sug-
gesting that each citizen and
resident of the Bahamas
makes a heavy carbon foot-
print on the environment. The
statement challenges us to
build a low carbon economy,
and we are foolish if we think
the challenges are before us
and not within us. Unfortu-
nately, the tone of the Nation-
al Energy Policy Committee’s

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report is that the journey is
before us, even outside us -
in sector studies, data gap
analysis, upgrading the regu-
latory framework, imple-
menting new energy tech-
nologies and the like.
Undoubtedly, these are
required technical activities
in policy formulation, but do
they give us any urgency to
confront how we each per-
sonally impact upon the envi-
ronment and own the changes
we each must make? Hardly!

Every journey starts with
an understanding of where we
are, and where we are now is
on the fossil fuel platform.
Among the questions that
consumers often ask are: How
long do we have to stay on
this costly platform? Why
can’t we step faster on to the
renewable platform? When
will the legislation be in place
that permits us to step from
the fossil fuel platform to the
renewable, without risk of
breaking the law?

Overall, the Bahamas
wants to get at the high fruits
of alternative and renewable
energy. The committee’s
report is responsive to such
aspirations. However, the
point is this. The energy archi-
tecture to support those lib-
erating, higher hanging fruits
is still fossil fuel-based elec-
tricity, and will remain so for
some time. That is the reality
of where we are.

Retrofits and energy effi-
cient technologies — ‘the low
hanging fruits’ - are impor-
tant instruments in the transi-
tion process, especially those
world-class products that have
been designed to perform in
the context of the existing
energy platform.

But there are questions not
asked often enough by con-
sumers, such as: What can we
do now to efficiently manage
our energy consumption?
How can we save money, save
energy and save our environ-
ment?

Transitioning to a low car-
bon economy is an endeavor
that combines conservation
measures with energy efficient
technology. You cannot save
what you cannot measure.
Measurement is the first step
in taking responsibility. We
wouldn’t think to drive cars
without dashboards. By
knowing the distances to be
driven, the amount of petrol
required, and time it will take,
including peak traffic times,
we take control. Yet the mea-
surement of the energy we
consume is determined only
by BEC’s meters — informa-
tion we get after the fact in
our electricity bills.

World-class energy moni-
tors with web-based dash-
boards are on the market.
They show you instantaneous
and logged data of energy
usage, enabling you to take

SEE page 14B

Tee i AMOS OF THE




an
NaS,

THE TRIBUNE



Post Office
privatisation
called for

FROM page 1B

business. You need an effi-
cient, working Post Office to
send out the bills, for the
client to receive the bill, cut
the cheque and send it to you
in the mail.

“People that need to send
out lots of bills need to know
it’s working. You need an effi-
cient, working post office to
conduct your business.”

Mr D’Aguilar said it
seemed as if the Post Office
was a forgotten, neglected
arm of government, and
pointed out that it “makes the
cost of doing business more
if you have to run around
picking up cheques from
clients.

“The time it takes to deliv-
er mail from the General Post
Office to the satellite post
offices is like going to New
York and back.”

Mr D’ Aguilar said the mail
was still the preferred com-
munications means for send-
ing out bills, and receiving
payments and receipts, since it
was “cumbersome” to put a
host of charges and their
breakdown in an e-mail mes-
sage. And e-mail messages
were frequently forgotten
about or accidentally deleted,
unlike physical mail that was
hand-delivered or sent in the
post.

“The Post Office is still the
cheapest form of inter-island
delivery around the
Bahamas,” he added. “Mail
still has a function, and we
can’t negate it for the pur-
poses of doing business.”

INSIGHT

For stories behind news,
read /asigit Mondays



Foxwoods off

table ‘for the

moment

By NEIL HARTNELL
Tribune Business Editor

ALTHOUGH hopes that
world-renowned casino devel-
oper/operator Foxwoods
would take over management
of Our Lucaya’s resort and
casino have been placed on
the backburner “for the
moment”, the minister of
tourism and aviation said yes-
terday that such an “integrat-
ed management” deal
remained the “ultimate objec-
tive” for Freeport’s leading
hotel property.

Vincent Vanderpool-Wal-
lace told Tribune Business
that the Government had to
fall back on its second choice
to operate Our Lucaya’s casi-
no, Treasure Bay, when it
became clear that the resort’s
owner, Hutchison Whampoa,
and Foxwoods would be
unable to reach agreement
before the existing operator,
Isle of Capri, left at month’s
end.

Without a replacement
operator, that would have left
some 235 casino employees
jobless, a scenario unthink-
able to the Government with
unemployment nationwide -
and in Grand Bahama espe-
cially - already running at
around a likely 20 per cent
rate.

However, Mr Vanderpool-
Wallace said the Government
was still focusing on a “Fox-
woods-type deal”, where the
resort and casino were man-
aged by the same sole opera-
tor, as the ultimate sOlution
for Our Lucaya.

But minister says all Our Lucaya
parties agree on need for integrated
resort/casino management

“We have always said from
the beginning that Treasure
Bay would be more suucess-
ful, and any casino operator
would be more successful, to
the degree that we have inte-
grated management of the
resort and casino [at Our
Lucaya],” Mr Vanderpool-
Wallace told Tribune Busi-

Working

“We are already working
closely with Treasure Bay to
effect that........ That is our ulti-
mate goal, integrated man-
agement of the resort and
casino as one.”

When asked why the Fox-
woods deal had seemingly
been taken off the table, the
Government deciding to go
with its second option of
Treasure Bay, Mr Vander-
pool-Wallace said: “It was
very clear that some of the
other options being consid-
ered would take a much
longer time that allowed by
the need of Isle of Capri” to
exit its Our Lucaya operation
by end-October, as its Board
of Directors had committed
to.

“Treasure Bay was better
able to accommodate what we
needed to do in a shorter peri-
od of time,” the minister told

THE AIRPORT AUTHORITY

-
tg)

THE AIRPORT AUTHORITY

TENDER FOR SALE

Bids are invited for (2) two 2007 SUV 2400CC
Chery Tiggo Jeeps registration number 191304

serial no. LVVDB24BX7D007825 and registration
number 191305 serial no. LVVDB2B17D007826.
Inspection and viewing of vehicles may be done at the
Security Office (located in the former Police Station
at Lynden Pindling International Airport) between the
hours of 9:00a.m.-4:00p.m.
Monday thru Friday up to November 6, 2009,

Bids must be submitted in sealed envelopes addressed
to the undersigned and the envelope must specify
“BID FOR VEHICLES”. The Airport Authority re
serves the right to reject and/or not specifying “BID
FOR VEHICLES” . Faxed bids will NOT be

considered.

The Airport Authority reserves the right to reject any
and all bids without stating and reason(s).

Bids should be received no later than 5:00p.m. on
November] 3, 2009, Bids received after deadline will
not be considered.
There will be an opening of bids at 10:00a.m.,

Acting General Manager
The Airport Authority
Lynden Pindling International Airport
P.O. Box AP59222
Nassau, Bahamas

TO DISCUSS STORIES ON THIS PAGE LOG ON TO WWW.TRIBUNE242.COM





Tribune Business. “That’s not
to suggest in any way that we
do not have the utmost confi-
dence in the capacity of Trea-
sure Bay to do an outstanding

job.

“We’re already talking to
them about what we want to
accomplish.”

Mr Vanderpool-Wallace
implied that having separate
resort and casino operators at
Our Liucaya had been detri-
mental to the property’s per-
formance because the two
sides had effectively been
pulling in two directions, the
resort manager focusing on
filling rooms and making sure
they were paid for, and its
casino counterpart zeroing in
on high-roller players.

“Casinos that are com-
pletely integrated into our
resorts fare far better,” Mr
Vanderpool-Wallace said,
telling Tribune Business that
the Ministry of Tourism, casi-
no operators and Hutchison
Whampoa were all at one in
agreement on this issue.

“This is an objective we all
share in common,” Mr Van-
derpool-Wallace said of the
need for integrated manage-
ment.

“It’s a matter of how we get
there. That’s the hurdle to be
overcome, but we’ve not lost
sight of the objective.”

(ew)
Na LY,

THURSDAY, NOVEMBER 5, 2009, PAGE 3B

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PAGE 4B, THURSDAY, NOVEMBER 5, 2009

6

THE TRIBUNE



RBC FINCO is considering applications for

Two Mortgage
Specialists

The successful candidates should possess the following

qualifications:

¢ AICB or ABIFS or degree in Banking or a related field
would be an asset

¢ Five or more years banking experience

¢ Previous experience in portfolio and liability
administration would be an asset

Key Skills:

* Strong Negotiating/Selling

Leadership & Coaching

Relationship Building

Impact & Influence

Ability to manage multiple priorities

Demonstrated written and verbal communication skills
Proficiency in Microsoft Office

Ability to make sound credit analysis

Responsibilities include:

* Contributing to meeting team sales plans by acquiring
and growing profitable client relationships
Providing customized solutions and financial advice
designed to satisfy the client’s long-term goals on
obtaining a mortgage
Seeking out new clients by developing relationships
within the community and local centres of influence
Enhancing the experience of existing clients by
providing accessibility and one-on-one advice and
valuable information on the intricacies of having a
mortgage
Successfully anchoring clients with the eee
delivery channel within RBC Royal Bank of Canada

A competitive compensation package (base salary &
bonus) commensurate with relevant experience and
qualifications is offered.

Please apply before November 6, 2009 to:

Regional Manager

Human Resources
Caribbean Bankin

RBC Royal Bank of Canada
Bahamas Regional Office
East Hill Street

PO. Box N-7549

Nassau, N.P, Bahamas

Via fax: (242) 322-1367
Via email: bahcayjp@rbc.com

RBC FINCO

RBC > HELPING YOU SUCCEED
GE SoU eC COU Ons U LeU OL) 3) e

THE INSURANCE COMMISSION OF
THE BAHAMAS

EMPLOYMENT OPPORTUNITY
Analyst

The newly formed Insurance Commission
(a statutory corporation) is seeking analysts to
assist with the on-site and off-site examination of
insurance companies and intermediaries.

Responsibilities

* Reports to the Chief Analyst/Superintendent

* Responsible for the supervision of other
analysts /directly responsible for the
examination of licensees to ensure that licensees
are compliant with prudential requirements
through on-site and off-site examinations
Prepare/vet the preparation of examination
reports
Prepare/vet/approve on-site/off-site financial
analysis, letters and other correspondence as
necessary
Ensure that licensees databases are maintained
Supervision of other analysts/directly
responsible for the assessment of new
applications for licensees
Contributes to the refining of supervisory
methodology, policy development and the
formulation of new/revised legislation and the
related guidelines
Provide advice and information to licensees and
the wider public regarding complaints and
questions about licensees’ performance

ualifications/Skills
Professional Accountant / MBA in accounting /
Certification in Insurance/ experience in the
insurance industry
Financial analysis skills
Excellent leadership, communications,
teamwork and organization skills
Proficient in Microsoft office products to
intermediate level
Ability to work independently and multi-task
Excellent written and oral communications
skills
Knowledge of insurance industry an asset

Compensation

* A competitive compensation package
commensurate with relevant experience and
qualifications.

Deadline

* 13 November 2009

* Application including comprehensive resume to
be submitted by e-mail addresses to:

oric@bahamas.gov.bs



United States set to hit

By MARTIN CRUTSINGER
AP Economics Writer

WASHINGTON (AP) —
The Treasury Department
now expects to hit the gov-
ernment’s debt limit in



December, two months later
than its initial estimate, after
scaling back an emergency
loan program as the financial
crisis abated.

Treasury Department offi-
cials said Wednesday they’re

LEGAL NOTICE





NOTICE

Pursuant to the provisions of Section 137 (4) (a), (b) and
(c) of the International Business Companies Act, 2000, notice









is hereby given that:-

working closely with Congress
to pass the legislation need-
ed to boost the debt ceiling,
currently at $12.1 trillion, and
avoid an unprecedented
default on the nation’s debt
obligations.

Treasury also announced it
is ending sales of 20-year
inflation-protected securities
and will offer similar 30-year
securities starting next year.
The government believes the
longer maturity option will be
more popular with investors.

The legislation to increase
the debt limit is expected to
trigger a congressional debate
over the government’s soar-
ing deficits, which are pro-
jected to add another $9 tril-

lion to the debt burden over
the next decade.

The government initially
estimated the debt ceiling
would be hit last month, but
in September it reduced one
of the many emergency bor-
rowing programs to $15 bil-
lion, from $200 billion. That
cleared more room for the
government’s other borrow-
ing needs.

Congress still faces the need
to boost the debt limit by
around $1 trillion. Some sen-
ators have said they will not
support that action unless it
is linked to the creation of a
commission that would force

SEE next page



(a) QUICKSTART INC. is in dissolution;

(b) The date of commencement of the dissolution is
the 6th day of October, A-D., 2009 and

(c) the Liquidator is C.B. Strategy Ltd., of 308 East
Bay St.

C.B. Strategy Ltd.
Liquidator

LEGAL NOTICE

NOTICE

Pursuant to the provisions of Section 137 (4) (a), (b) and
(c) of the International Business Companies Act, 2000, notice
is hereby given that:-

(a) ZHIRVINGO LTD. is in dissolution;

(b) The date of commencement of the dissolution is
the 6th day of October, A-D., 2009 and

(c) the Liquidator is C.B. Strategy Ltd., of 308 East
Bay St.

CB. Strategy Ltd.
Liquidator

Hahamas Agnew

“The Bahamas First Agribusiness Organization”

NOTICE

in preparation for the upcoming
annual general meeting of the
bahamas agricultural producers
association (bapa), scheduled
for november 2009, we take this
Opportunity to encourage all
our members and those persons
wishing to become members to
come into the office, 8th terrace,
collins avenue and renew, or
complete, membership applica-
tions to become financial in order
to participate fully in the meeting.

the association is now develop-
ing forward momentum and you
must be financial if you wish to
participate in, or benefit fully
from the programmes that are
currently planned for its future.

Signed: Irwin G. Stubbs
President

Dated: October 26, 2009

LEGAL NOTICE

NOTICE

Pursuant to the provisions of Section 137 (4) (a), (b) and
(c) of the International Business Companies Act, 2000, notice
is hereby given that:-

(a) PROMNUTT LTD. is in dissolution;

(b) The date of commencement of the dissolution is
the 14th day of October, A.D., 2009 and

(c) the Liquidator is C.B. Strategy Ltd., of 308 East
Bay St.

CB. Strategy Ltd.
Liquidator

FOR SALE
by OWNER

Upscaled Gated Community
on Lake Cunningham

$270,000 obo

Residential Property
3/2 in Plantation, FL.

$285,000 obo

CP Cae 7 eke
herlley2@bellsouth.net

PUBLIC NOTICE

ROAD TRAFFIC
DEPARTMENT.

| hereby advise that all
persons/companies who have
not registered their (OT), On
Trial plates for the year 2009/
2010 to come in and register
their plates by December 31,
2009.

Failure to have plates
regularize would result in a
recall of all delinquent plates,
in . accordance with the Road
Traffic Act Chapter 220 Section

33.

CONTROLLER

TO DISCUSS STORIES ON THIS PAGE LOG ON TO WWW.TRIBUNE242.COM
an
NEY,

THE TRIBUNE

(en
Na LY,

THURSDAY, NOVEMBER 5, 2009, PAGE 5B





debt limit next month

Congress and the administra-
tion to take credible action to
restrain soaring deficits.

The administration has said
the current record deficits are
needed to get the country out
of a deep recession and stabi-
lize the financial system, but
that the President Barack
Obama will put forward new
proposals to trim future
deficits when he sends his
next budget to Congress in
February.

For the budget year that
ended on Sept. 30, the feder-
al deficit hit an all-time high
in dollar terms of $1.42 tril-
lion. As a percent of the total
economy, it stood at its high-
est level since the end of
World War II. The jump
reflected the massive spend-
ing from the $700 billion
financial bailout fund and the
$787 billion economic stimu-
lus package designed to get
the country out of the longest
recession since the 1930s.

“Deficits of this size are
serious and ultimately unsus-
tainable,” White House bud-
get director Peter Orszag said
in a speech Tuesday.

The deficits are making it
harder for the administration
to extend politically popular
stimulus programs, such as
support for the unemployed
and the tax credit for first-
time homebuyers, without
greatly increasing the size of
future deficits.

In its announcement
Wednesday, Treasury said it
decided to move to 30-year
inflation protected securities,
known as TIPS, because it
believe the longer maturity
would be more popular with

Sales Jobs

AVAILABLE

A New Jewellery Store
is OPENING on Bay Street

and we are looking for some energetic and outgoing
individuals to join the sales team immediately.

Experience with jewellery is a plus but we are willing

investors. Treasury also offers
TIPS in five- and 10-year
maturities.

The value earned by an
investor on a TIPS bond fluc-
tuates with changes in the
consumer price index, giving
investors protection that the
value of their bonds will not
drop if inflation accelerates.

Treasury also announced
that it will raise $81 billion in
its quarterly refunding opera-
tions next week including $40
billion in three-year notes to
be auctioned on Monday, $25
billion in 10-year notes to be
auctioned on Tuesday and
$16 billion in 30-year bonds
to be auctioned on Thursday.

Need to submit
word-perfect
documents or papers?

Expert proof-reading, editing or typing of

your Business Documents,

Reports, Term Papers or Essays

Ideal for businesses or college students

Tel: 394-2078

or email: laurels2003 @yahoo.com



MANAGEMENT
Jobs Available

PAR NCS PI RCO CMV Releoibaoe for management positions within several of our retail store

locations.

¢ Must be energetic and outgoing and not be opposed
to working nights or weekend shifts.

PREG Tee emIGION MMOH OEE

re

to train non-experienced people who have the right

PV CMEonomotrot oem Nero B ort
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attitude and personality.
P y and ambition to succeed.

To advertise, call 502-2371
POSITION WANTED

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

MANAGER ACCOUNTS & ADMINISTRATION

Applicants should have a BA Degree or a CPA,
ACCA, CA qualification or equivalent qualification.

The successful candidate will be responsible for all
financial and Administrative aspects of the company
and ensuring compliance to established company
policies and procedures.

The ideal candidate should:
Have a minimum five years experience in a
similar environment.
Have experience in compiling financial
statements.
Be able to prepare budgets and financial
reports for upper management.
Have experience liaising with banking
officers, auditors and insurance agents.
Be able to drive the administrative arm of the
company including computer systems.
Be able to communicate effectively with all
levels of management and staff.
Have a proven track record of meeting
deadlines.
Be proficient in Excel and Quickbooks.
Ability to communicate with international
franchisor and travel as necessary.
Be a team leader and able the multi task.
Posses integrity, excellent motivational skills
and assertiveness

The position offers an excellent remuneration and
benefits package.

Interested person should submit your resume to:

The Managing Director

Salary plus generous commission plan.
Fax resume to 393-5102
for immediate consideration.

i

DOWNSOUND Meco SIGMA Mi

Fax resume to 393-5102
for immediate consideration.

'

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PAGE 8B, THURSDAY, NOVEMBER 5, 2009

THE TRIBUNE





Rum Cay marina dispute resolved

THE dispute over owner-
ship of Rum Cay’s Sumner
Point Marina has been
resolved, it was said yester-
day, the two warring parties
annuncing in a statement that
they would work together for
“the betterment of the entire
island”.

Montana Holdings, devel-
oper of the $700 million Rum
Cay Resort Marina, which
acquired Sumner Point Mari-
na several years ago, had been
in dispute with former owner
Bobby Little, who had alleged
they had failed to pay him the
full purchase price and not
met the terms of their trans-
action. This was denied by
Montana Holdings.

“More than two out of
every three local residents on
Rum Cay is dependent direct-
ly or indirectly on the Sumner
Point Marina,” said Michelle
Curtis, director of operations
for New England Marine Ser-
vices, which had been oper-



A VIEW of Sumner Point Marina, Rum Cay...

ating the marina for close to
two years.

“Tt is not merely the main
economic driver, it is the
lifeblood of the island and it
would be unconscionable for
either of us to allow our busi-

ness differences to cause peo-
ple to suffer, so for the bet-
terment of the entire island,
we are pleased to announce
that Montana Holdings,
through its associate compa-
ny, New England Marine Ser-

vices, and Robert Little and
family have put our differ-
ences aside officially with an
agreement signed today.”
According to the terms of
the agreement, management
will revert to Mr Little, with

the full support of New Eng-
land Marine Services, while
the agreement for sale will
continue in place.

“Although this was aired
quite publicly, which is unfor-
tunate because it makes it
appear personal, the reality is
that both parties, New Eng-
land Marine Services, Mon-
tana Holdings and my family,
are part of a bigger picture of
what has transpired all over
the world,” said Robert ‘Bob-
by’ Little. “The state of the
global economy and the lim-
ited funds available for for-
eign investment took their toll
around the world.

“Rum Cay and Sumner
Point Marina, the main
income producer for the
island that was in the process
of being sold, were caught in
that conundrum.

“Tam appreciative of the
improvements that Montana
and New England Marine
Services have made, and I

believe that there is enough
flexibility in the agreement
that both parties will be satis-
fied their interests are being
protected while knowing that
each has worked out a way to
work together for the best
outcome for the people of
Rum Cay.”

The marina that recently
earned Ministry of Tourism
approval for a hotel licence
provides dockage, fuel, beach-
side accommodations and a
popular restaurant and bar.
Visitors have access to wire-
less Internet, air-conditioning,
satellite TV and other ameni-
ties.

Both parties said they
mutually wanted to settle
their differences before the
start of the busy season, not-
ing that Thanksgiving was
usually very active for the
island in the southern
Bahamas, known for its fish-
ing, diving, striking scenery
and laid-back atmosphere.

Bahamas financial group’s ‘first step’ in regional growth

FROM page 1B

made possible by the $2.5 mil-
lion investment made in
British American Financial’s
infrastructure, computer sys-
tems, product development
and staff since BAF Global
Group acquired the business
in February 2007.

Some $1.2 million had been
invested in British American
Financial’s IT systems, includ-
ing an insurance database sys-
tem with the capacity to han-
dle 300,000 policyholders.

With some 10,00-12,000
policyholders, $30 million in
assets and $500 million in life
insurance coverage in force,
Mr Cooper said that when
added to BAF Global
Group’s Bahamas interests,
British American Insurance
Company (Cayman) would
create a group with “well
over” $100 million in assets.

British American Financial

had “just under” $100 million
in assets in the Bahamas, and
Mr Cooper said that Bahami-
an and Caymanian operations
combined would give the
group “close to 100,000
clients” and policyholders.

He added that when BAF
Global Group acquired
British American Financial in
the Bahamas in 2007, it inher-
ited 80,000 clients, implying
that its Bahamian client base
had grown by around 10,000
since then to around 90,000.
The Caymanian deal accounts
for the rest.

BAF Global Group’s Cay-
manian acquisition and
expansion has been made
possible by the well-publicised
difficulties of British Ameri-
can Insurance Company
(Cayman’s) parent, Trinidad-
based CL Financial, which
also owned CLICO
(Bahamas), the insolvent
Bahamian life and health

| Orbe china Filoas Fbeintnas Cowsler

ICK BARNES

=

insurer now in court-super-
vised liquidation. Although
the purchase price was not
publicised yesterday, it seems
likely that BAF Global
Group purchased a relative
bargain.

“Cayman was always top of
the charts in terms of where
we wanted to go with region-
al and international expan-
sion,” Mr Cooper told Tri-
bune Business. “British
American’s Cayman branch
happened to be an opportu-
nity to get into the market,
and at significant size, [so] we
took the decision to do the
acquisition.

“Tt is our strategy to con-
tinue expanding regionally
and internationally... It’s the
first step in our regional strat-
egy. There are a lot of bene-
fits with respect to the busi-
ness itself, and a lot of syner-
gies can be created between
the business here and the

business in the Bahamas.
Really, it was an excellent fit.”

John Wilson, the McKin-
ney, Bancroft & Hughes
attorney and partner, and an
investor/shareholder in BAF
Global Group, told Tribune
Business: “This is the first step
outside the Bahamas, and the
onset of the realisation of our
aspirations to become a truly
global company.

Cayman

“We thought the Cayman
Islands were a natural fit for
our expansion goals, and we
that the current crisis amongst
the CL Financial entities real-
ly presented some opportuni-
ties for anyone who was bold
enough to step in.”

British American Insurance
Company (Cayman) had a
“core business” and products
and services that were simi-
lar to British American Finan-

“Rewarding. My work at The Tribune 1s creative and challenging. I enjoy

contributing to the look of our newspaper, while meeting the needs of

our advertisers. | enjoy working here. The Tribune is my newspaper.”

The Tribune

My Voice. My Mouzpaper!

TO DISCUSS STORIES ON THIS PAGE LOG ON TO WWW.TRIBUNE242.COM

ESTHER BARRY
PRODUCTION MANAGER
THE TRIBUNE

cial’s traditional strengths, Mr
Cooper said, and also had a
strong presence in pensions -
mandatory in Cayman - and
health insurance.

Mr Cooper described
British American Insurance
Company (Cayman) as “one
of the crown jewels” in the
British American empire that
extended throughout the
Caribbean, and the compa-
ny’s purchase had been
approved by all the relevant
regulators in both Cayman
and the Bahamas, including
the latter’s Insurance Com-
mission, Central Bank of the
Bahamas and Supreme Court.

When asked by BAF Glob-
al Group had decided to
embark on an
expansion/acquisition strategy
at a time when most compa-
nies were adopting a conserv-
ative stance due to the global
recession, Mr Cooper replied:
“We have a long-term view



on business. The economy is
cyclical, and the one thing we
have always realised is that
recessions are sometimes
good for business opportuni-
ties.

“We have been very delib-
erate in terms of what we
acquire, and we wanted to
wait for the right opportunity.
We found this to be the right
opportunity, and because
we’ve managed the opera-
tions in the Bahamas very
prudently we’ve been able to
take advantage of this partic-
ular opportunity at a time
when others might be hurt-
ing.

“We’re in business for the
long haul. We see this as a
strategic fit for our business,
and an opportunity to expand
regionally and globally. Our
Board was able to respond
very quickly, make the deci-
sion and make the invest-
ment.”


an
Na,

THE TRIBUNE

(en)
Na LY,

THURSDAY, NOVEMBER 5, 2009, PAGE 9B





US rates likely to stay at record low

By JEANNINE AVERSA
AP Economics Writer

WASHINGTON (AP) —
Faced with lurking dangers to
the budding recovery, Feder-
al Reserve policymakers are
sure to leave a key interest
rate at a record low to entice
Americans to spend more and
help the economic turnaround
gain traction.

The economy started to
grow again last quarter for the
first time in more than a year,
although there are uncertain-
ties about the strength and
staying power of the recov-
ery, especially after govern-
ment supports are removed.

Fed Chairman Ben
Bernanke and his colleagues,
wrapping up a two-day meet-
ing Wednesday, are likely to

note the country’s economic
and financial improvements.
But they’ll also warn that ris-
ing joblessness and hard-to-
get-credit for many people
and companies will restrain
the rebound in the months
ahead. Troubles in the com-
mercial real estate market,
where soured loans are con-
tributing to bank failures, also
remain a concern.

At its last meeting in late
September, the Fed opted to
stretch out into early next
year a key program aimed at
forcing down mortgage rates
and providing support to the
housing market. The central
bank isn’t expected to veer
from that course Wednesday.

Wanting to nurture the
recovery, the Fed is widely
expected to keep the target

try Estate

ain Se a

ee aL

ene we ee D2

I Tel: ise 2356)

for ad rates

range for its bank lending rate
at zero to 0.25 percent. If it
does, commercial banks’
prime lending rate, used to
peg rates on home equity
loans, certain credit cards and
other consumer loans, will
stay at about 3.25 percent, the
lowest in decades.

“T don’t think there is con-
fidence at this point that the
economy is firing on all cylin-
ders by itself,” said Bill
Cheney, chief economist at
John Hancock Financial Ser-
vices. “It is not ready to be
weaned off the extra fiscal
and monetary support.”

Against that backdrop,
many economists predict the
Fed will maintain a pledge to
keep rates “exceptionally
low” for an “extended peri-
od.” The hope is that super-

Seal ks



Live in Love to Live in Peace F

NOVEMBER u 4 14

(FRIDAY & SATURDAY)





low rates will spur consumers
and businesses to spend more,
supporting the recovery.

The Fed has leeway to do
this because inflation has
been low, economists said.

“The central bankers in the
U.S. and Europe are consid-
ering the exit strategies,” said
Sung Won Sohn, economist
at California State Universi-
ty’s Smith School of Business.
“Even the thought of an exit
strategy could spook the
financial markets and raise
the bond and mortgage yields,
hurting the economy.”

Still, there are differences
of opinion within the Fed
about when it might need to
start boosting rates — and
how aggressively — to fend
off inflation.

Inflation hawks, including
the presidents of the Fed
banks in Dallas, Philadelphia
and Richmond, worry more
about super-low borrowing
costs and other special sup-
ports driving prices higher.
But waiting too long could
touch off inflation.

If the recovery takes hold,
many analysts think the Fed
could start to raise rates in
the spring or summer.
Bernanke and other Fed offi-
cials would try to prepare
investors, businesses and ordi-
nary Americans of a shift in
stance well in advance of any
upcoming shift in stance. One
clue would come when the
Fed opts to drop its “extend-

ed period” language, analysts
said.

Whenever the Fed starts to
boost rates, unemployment
likely will still be high, ana-
lysts said. The worst recession
since the 1930s caused com-
panies to slash jobs and other
costs to survive. They won’t
ramp up hiring until they are
confident the recovery is
entrenched.

The unemployment rate —
now at a 26-year high of 9.8
percent — is expected to keep
rising, Bernanke and other
Fed officials have said. Econ-
omists predict it will hit 9.9
percent when the government
releases the latest snapshot
on employment conditions on
Friday. It could rise as high
as 10.5 percent around the
middle of next year before
declining gradually, analysts
said.

Beyond rates, Fed officials
in September were conflicted
over whether to expand or cut
back a program intended to
drive down mortgage rates
and prop up the housing mar-
ket, according to minutes of
the closed-door deliberations.

They ultimately agreed to
slow down the pace of a $1.25
trillion program to buy mort-
gage securities from Fannie
Mae and Freddie Mac, wrap-
ping up the purchases by the
end of March instead of at
year-end. So far, the Fed has
bought $776 billion of mort-
gage securities.

HUH pe

The central bank was not
divided over another part of
program to buy $200 billion
worth of Fannie and Freddie
debt. It has bought $141.6 bil-
lion so far.

The Fed’s efforts have
helped lower mortgage rates.
Rates on 30-year loans aver-
aged 5.03 percent, Freddie
Mac reported last week, down
from 6.46 percent last year.

Meanwhile, the Fed is mov-
ing quickly on plans to police
banks’ pay policies to dis-
courage reckless gambles by
executives, traders, loan offi-
cers and other employees.

The nation’s top 28 banks
face a Feb. 1 deadline for sub-
mitting employee compensa-
tion plans to the Fed. The Fed
isn’t setting compensation, but
it will have the power to reject
pay plans — and call for
changes in them.

The Fed also will be
encouraging — though not
requiring — banks to revise
this year’s pay plans if they
are significantly out of step
with principles the Fed has
recently proposed to discour-
age excessive risk taking.

Elsewhere, the British gov-
ernment on Tuesday moved
to break up two major banks
— Royal Bank of Scotland
and Lloyds Group — that
have been bailed out by tax-
payers. At the same time, the
government injected more
public cash into them.

BAHAMAS OIL REFINING COMPANY LIMITED
VOPAK TERMINAL BAHAMAS

CHIEF FINANCIAL OFFICER

A vacancy exists within the Finance Department for a Chief Financial Offi-

cer. The Chief Financial Officer reports to the Managing Director.

He/she is

responsible to assist in strategic planning, the development and pricing of
new products, services and determination of financial capital requirements.
Analyze and interpret financial information required by the Managing Direc-
tor and Executive Management in order to make sound business decisions and
to bring the financial organization, processes, policies and reporting practices
to a level of sophistication appropriate to a leading world-class company. The
Chief Financial Officer functions as part of the senior management at the busi-
ness unit level, interacting with various departments, provide financial leader-
ship, oversight for company-wide accounting policies, control and procedures,
and ensuring the consistent application of International Accounting and Finan-
cial Reporting Standards and corporate policies throughout the organization.

The successful candidate will be required to:
Support the Managing Director in financial assessment of new business
development and implementation of internal controls.

Conduct monthly business performance reviews.

Supervises all accounting, treasury and financial matters including
general accounting financial reporting, budgeting, capital funding,
financial systems, and merger and consolidation accounting.

Ensure that the financial organization is designed and staffed with the
appropriate skills in order to maintain the integrity, accuracy and the
timeliness of financial reporting.
Provide independent and objective appraisals of the Company’s business
and function to ensure that they are operating with effective internal ac

counting controls.

The Chief Financial Officer must have a strong technical and analytical back-
ground with an understanding of IAS or US GAAP accounting and reporting
standards. He/She must have the ability to set and manage priorities, meet dead-
lines within compressed timeframes and handle multiple tasks simultaneously.
He/She must have a successful track record in partnering with line management
to develop strategic and operating business plans, effective systems of control
and metrics for a dynamic global business. Some travel required. Strong com-
munication and managerial skills are essential.

Education:

° Bachelor’s degree in Accounting or Finance
° Master’s degree in business, a plus

Licensing/Certification:
° CA or CPA a must

Experience:

° 10 - 15 years of relevant accounting and reporting experience at a senior

level

Experience with business planning and budget preparation
Experience in treasury function activities: bank relationships, revolver
and cash management
Experience in reporting to lenders under credit agreements
Experience in developing and improving internal control systems
Experience in external or internal auditing
Supervisory experience of multiple tasked department

Experience in partnering with line management

External reporting experience
Experience in the energy industry, preferred

Applications should be submitted to the:

Managing Director

Bahamas Oil Refining Company International Limited

Dba Vopak Terminal Bahamas

P. O. Box F-42435, Freeport, Grand Bahama

On or before November 6, 2009

TO DISCUSS STORIES ON THIS PAGE LOG ON TO WWW.TRIBUNE242.COM




THE TRIBUNE

THURSDAY, NOVEMBER 5, 2009, PAGE 11B





‘Hold the line’ over public sector wages

FROM page 1B

In turn, these costs were often
passed on to consumers,
fuelling price inflation for the
Bahamian public and poten-
tially delaying economic
recovery.

Turning to the IMF’s infla-
tion projections for the
Bahamian economy, Mr
Winder told Tribune Busi-
ness: “Both figures are likely
to be impacted by the union
negotiations the Government
is going to get involved in.

“To the extent the Govern-
ment has to respond to these
negotiations, we will have
inflation, but it will be infla-
tion that is internally gener-
ated. To the extent we can
hold the fort we will be OK,
but if the Government gives
in over these negotiations,
you’re going to see some
increases in costs to the aver-
age Bahamian through enti-
ties the public has to use.”

Inflation

Describing wage-driven
inflation as a “big threat” to
the Bahamas’ supply-side eco-
nomics and economic recov-
ery, especially given its rela-
tively low worker productivi-
ty, Mr Winder said the Gov-
ernment was likely to face
two to three industrial agree-
ment negotiations per year.
Apart from UTEB, talks with
the nurses are also due to
reconvene at some stage.

“To the extent that only
one of these came up, that
could further exacerbate the
situation and further delay the
recovery for the Bahamas in
terms of its ability to attract

foreign direct investment as
things improve,” Mr Winder
said.

Apart from the inflation
issue, the senior accountant
added that increased public
sector wage settlements
would also increase the pres-
sure on the Government’s
finances and their ability to
meet these higher payments.

“The Government’s rev-
enues are down more than
they expected, and it creates
challenges for the Govern-
ment to meet those commit-
ments, as they have to bor-
row more than anticipated,”
Mr Winder explained to Tri-
bune Business.

“The likelihood is that rev-
enues are going to be down,
because the level of activity
is down, as individuals are not
purchasing in the same quan-
tities as they did two to three
years ago.

“To the extent revenue is
challenged, the Government
is going to find itself chal-
lenged in how it responds to
[the demands] of union
groups.”

Mr Winder added: “The
message is simply that we
should understand we need
to hold the line, and not
expect government to be in a
position to entertain contracts
where they give them more
than they were making
before.

“The more pressure you
put on the Government, the
more pressure you put on the
public finances by forcing the
Government to borrow more
than they need to do.” This,
the accountant said, had
implications for both the fiscal
deficit and the Bahamas’

Legal Notice

NOTICE
WINTER THORPE INC.

x

Notice is hereby given that in accordance with Section

138 (8) of the International Business Companies Act
2000, the dissolution of WINTER THORPE INC. has

been completed; a Certificate of Dissolution has been is-

sued and the Company has therefore been struck off the

Register.

ARGOSA CORP. INC.
(Liquidator)

Legal Notice

NOTICE

debt-to-GDP ratio, which is
soon likely to hit the 50 per
cent barrier.

Critical

And the critical component
in any public sector industrial
agreement talks will be for
the Government to insert a
clause linking pay to worker
productivity, Mr Winder
explained.

Describing it as “the big
question”, he said: “If the
Government finds itself in a
position where it has to yield,
it ought to ensure that what it

agreed to is tied to productiv-
ity.”

Rather than just base pay
rises on seniority and years of
service, Mr Winder said: “The
Government should make
these various entities more
accountable for the monies
they are receiving out of the
general purse. How has the
general Bahamian public ben-
efited from current salary
increases, and if we give more
in the future, how are we
going to get more productivi-
ty?
“It’s only through increased
productivity that we will keep

the further costs of doing
business in the Bahamas
down.”

Mr Winder told Tribune
Business that wage levels in
the Bahamas were “out of
line” with the “unit costs of
productivity” and output,
which were higher than most
competitors.

“While in other jurisdic-
tions salaries might be higher,
the unit cost of productivity
in the Bahamas is higher than,
for example, Cayman and
Bermuda. The person may be
making more, but the output
per person is where we are

getting hit.

“The salary costs are not
out of line, but that is not
what we should be compar-
ing; it is what we are getting
for that salary’s cost. We are
out of line there.”

Mr Winder identified the
publicly-owned utility com-
panies as “the real big dri-
vers” of costs and wage infla-
tion, and said the Govern-
ment needed to be careful
about “trend-setting”. Once
it gave into one union, others
would demand the same
treatment when their own
negotiations commenced.

LT LO INTERNATIONAL LID.

2

é

Notice is hereby given that in accordance with Section
138 (8) of the International Business Companies Act 2000,
the dissolution of L TLO INTERNATIONAL LTD. has
been completed; a Certificate of Dissolution has been is-
sued and the Company has therefore been struck off the

Register.

ARGOSA CORP. INC.
(Liquidator)

Legal Notice

NOTICE
YANI INVESTMENT GROUP LID.

—

-

Notice is hereby given that in accordance with Section 138
(8) of the International Business Companies Act 2000, the
dissolution of YANI INVESTMENT GROUP LTD. has
been completed; a Certificate of Dissolution has been is-

sued and the Company has therefore been struck off the

Register.

ARGOSA CORP INC.
(Liquidator)

TO DISCUSS STORIES ON THIS PAGE LOG ON TO WWW.TRIBUNE242.COM

PUBLIC NOTICE

INTENT TO CHANGE NAME BY DEED POLL

The Public is hereby advised that |, VERNITA MINNIE-LEE
HANNA intend to change my name to VERNETHA MILDRED
HANNA GILBERT. If there are any objections to this change
of name by Deed Poll, you may write such objections to the
Chief Passport Officer, P.O.Box N-742, Nassau, Bahamas no
later than thirty (30) days after the date of publication of this
notice.

NOTICE

NOTICE is hereby given that DEMCEY ALINGTON MARTIN
of FLORIN DRIVE #4, FREEPORT, GRAND BAHAMA,
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 5th day of November, 2009 to the Minister
responsible for Nationality and Citizenship, P.O.Box N-7147,
Freeport, Bahamas.

Legal Notice

NOTICE
SIVA OCEAN LTD.

——

#

Notice is hereby given that in accordance with Sec-
tion 138 (8) of the International Business Companies
Act 2000, the dissolution of SIVA OCEAN LTD. has
been completed; a Certificate of Dissolution has been is-
sued and the Company has therefore been struck off the

Register.

ARGOSA CORP. INC.
(Liquidator)

Legal Notice

NOTICE
UCKFIELD LTD.

——_

#

Notice is hereby given that in accordance with Sec-
tion 138 (8) of the International Business Companies
Act 2000, the dissolution of UCKFIELD LTD. has
been completed; a Certificate of Dissolution has been is-
sued and the Company has therefore been struck off the

Register.

ARGOSA CORP. INC.
(Liquidator)

Legal Notice

NOTICE
ELGIN VENTURES LID.

— -,——

2
Notice is hereby given that in accordance with Section
138 (8) of the International Business Companies Act
2000, the dissolution of ELGIN VENTURES LTD. has
been completed; a Certificate of Dissolution has been is-
sued and the Company has therefore been struck off the

Register.

ARGOSA CORP. INC.
(Liquidator)



NOTICE

NOTICE is hereby given that Jason Jeremie of Marathon
Estates, P.O. Box SS 5807, Nassau, The 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 5" day
of November, 2009 to the Minister responsible for nationality and
Citizenship, P.O. Box N-7147, Nassau, Bahamas.

NOTICE

NOTICE is hereby given that ROSELAINE PETIT-HOMME of
EIGHT STREET GROVE of ROBINSON ROAD, 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 5th day of November, 2009
to the Minister responsible for nationality and Citizenship, P.O. Box
N-7147, Nassau, Bahamas.



Legal Notice

NOTICE
HARVEST VENTURES LTD.

——

#

Notice is hereby given that in accordance with Section
138 (8) of the International Business Companies Act 2000,
the dissolution of HARVEST VENTURES LTD. has
been completed; a Certificate of Dissolution has been is-
sued and the Company has therefore been struck off the

Register.

ARGOSA CORP. INC.
(Liquidator)

Legal Notice

NOTICE
ORMSKIR VENTURES LID.

— a

#

Notice is hereby given that in accordance with Section
138 (8) of the International Business Companies Act 2000,
the dissolution of ORMSKIR VENTURES LTD. has
been completed; a Certificate of Dissolution has been is-
sued and the Company has therefore been struck off the

Register.

ARGOSA CORP. INC.
(Liquidator)

Legal Notice

NOTICE
TEMUCO FUTURES LTD.

———

#

Notice is hereby given that in accordance with Section
138 (8) of the International Business Companies Act
2000, the dissolution of TEMUCO FUTURES LTD. has
been completed; a Certificate of Dissolution has been is-
sued and the Company has therefore been struck off the

Register.

ARGOSA CORP. INC.
(Liquidator)


PAGE 12B, THURSDAY, NOVEMBER 5, 2009

THE TRIBUNE





Health care delay causes
further Obama problems

By CHARLES
BABINGTON
Associated Press Writer

WASHINGTON (AP) —
Delay is rarely good for politi-
cians trying to pass legislation.
The possibility that Congress
might not complete action on
a major health care bill this
year is another frustration for
President Barack Obama and
his allies.

Even if it doesn’t sink the

health care effort, a delay
would raise new uncertainties
and push other domestic pri-
orities further back. It also
would give opponents a
chance to pick off nervous
Democratic lawmakers eye-
ing their November 2010 re-
election campaigns.

Even some House Democ-
rats with safe seats don’t like
the idea of voting on a con-
tentious bill until it’s clear that
the Senate will follow suit.

MINISTRY OF THE
ENVIRONMENT

Sale Of Lots In Area Immediately West
Of Blackbeard’s Terrace Subdivision

It has been brought to the attention of the Ministry
of The Environment that lots have been offered
for sale to the public in a 16.704 acre tract of land,
situated immediately west of Blackbeard’s Terrace
Subdivision. Please note that there is no approval
of this Subdivision as required under the Private
Roads and Subdivision Act.

The public is strongly advised to make enquires
at the Ministry of The Environment before
purchasing lots in the subject area or in any
subdivision where the seller is unable to provide
the prospective buyer with a copy of a plan stamped
approved for sale of lots by the Ministry of The

Environment.

Signed:
Ronald W. Thompson
Permanent Secretary

Ministry O
PUBLIC NOTICE

RE: Real property tax Surcharge Waiver Notice.
The principal Act is amended by the insertion
immediately after section 21 of the following new
section 21A and 21B respectfully.

Section 21 A Waiver of surcharge.

Notwithstanding section 21, any surcharge which
has accumulated in respect of

* (a) owner-occupies property with a market
value of up to two hundred and fifty thousand
dollars ($250,000.00) shall be waived.

(b) owner-occupied property which exceeds

two hundred and fifty thousand dollars, shall
be waived if the outstanding real property tax
is paid on or before December 31, 2009: and

(c) other property, shall be waived by fifty per
cent if the outstanding real property tax is paid
before December 31, 2009.

Section 21 B Revival of Surcharge
If after December 31, 2009 any real property tax
remains outstanding in respect of

* (a) owner-occupied property with a market
value of up to two hundred and fifty thousand
dollars ($250,000.00)

* (b) owner-occupied property which exceeds
two hundred and fifty thousand dollars

* (c) other property

The owner of such property, shall be liable to pay a
new surcharge of five per centum (5%) of such tax

per annum.

TO DISCUSS STORIES ON THIS PAGE LOG ON TO WWW.TRIBUNE242.COM



Adding to Democratic
unease were losses in guber-
natorial races in Virginia and
New Jersey on Tuesday, with
independent voters flocking
to the Republicans. The
results could force House
Democrats in competitive dis-
tricts to think twice about
Obama’s agenda, including
health care.

House Speaker Nancy
Pelosi, D-Calif., dismissed
that notion Wednesday,
focusing instead on the par-
ty’s win in two congressional
special elections.

“From our standpoint ... a

candidate was victorious who
supports health care reform,
and his remarks last night said
this was a victory for health
care reform and other initia-
tives for the American peo-
ple,” she said. “So from our
standpoint we picked up votes
last night, one in California
and one in New York.”
Obama has swallowed one
disappointing postponement
already this year, when the
House and Senate failed to
move separate bills before the
August recess. Opponents
used that lull to rip into the
proposed health care changes

Ministry of Agriculture
and Marine Resources

NOTICE

ANIMAL PROTECTION AND CONTROL BILL
The Goverment of The Banaras mvies comments on a draft Anma Conta

and Protection Bil

The drat Bil posted on the Govemments website www bahamas, oow bs
fora period of sx weeks, effectne 2 Clober, 2008.

The public is urped to take full advantage of fhe opportunity to comment and
submit her comments to WNAGRICULTUREMARINES BAHAMAS GOV ES

no later than fhe 12° Nowermber, 2003,



in raucous public forums.

Democrats are unlikely to
be caught off guard again if
the legislative battle goes past
the Christmas-New Year’s
break. But any delay gives
Opponents more time to orga-
nize and campaign.

The new questions were
raised Tuesday when Senate
Majority Leader Harry Reid,
D-Nev., told reporters in the
Capitol that he couldn’t
promise a health care pack-
age will pass this year.

“We’re not going to be
bound by any timelines,”
Reid said. “We’re going to do
this legislation as expedi-
tiously as we can, but we’re
going to do it as fairly as we
can.”

A couple of hours later,
Reid spokesman Jim Manley
issued a more upbeat state-
ment.

“Our goals remain
unchanged,” Manley said.
“We want to get health insur-
ance reform done this year,
and we have unprecedented
momentum to achieve that.
There is no reason why we
can’t have a transparent and
thorough debate in the Senate
and still send a bill to the pres-
ident by Christmas.”

White House officials
played down Reid’s com-
ments.

“We’re moving on the same
timeline,” said spokesman
Reid Cherlin. “The House
plans to vote on the health
reform bill within days, and
as Sen. Reid said today, he
shares the White House’s
commitment to passing mean-
ingful reform by Christmas.”

Cherlin said senators will
move swiftly once the non-
partisan Congressional Bud-
get Office finishes its review
of Senate proposals.

Any setback for Obama

MINISTRY OF FINANCE
SALE BY TENDER

It is hereby notified that the under-mentioned Aircraft has been
decommissioned by the Royal Bahamas Defence Force and will be

sold by tender:-

YEAR
1978

TYPE

Cessna 404 - Titan

This Aircraft may be inspected by contacting the Assistant Personnel
Officer, Lieutenant Commander Sean Pinder at the Royal Bahamas
Defence Force Headquarters, Coral Harbour, at telephone number
362-1854 during the hours of 2:00pm - 4:00pm Monday to Friday.

Tender forms for submission are obtainable from the Office of the
Financial Secretary, Cecil Wallace Whitfield Centre, Cable Beach,
Nassau, The Bahamas. Tenders should be submitted in SEALED
ENVELOPES to the Office of the Financial Secretary, Cecil Wallace
Whitfield Centre, Cable Beach, Nassau, The Bahamas.

The face of the envelope should bear the words:-

“TENDER FOR AIRCRAFT”

Tenders submitted with the foregoing should be received by 12noon,
November 13th, 2009.

The right is reserved to reject any or all tenders and the aircraft is
being sold “as is where is”

The successful bidder will, on making full payment assume all risks
for the item sold and for making arrangements for its removal within
seven (7) days after payment.

No guarantee is given as to the eligibility of the aircraft for registration.

Signed:
Ehurd Cunningham

Financial Secretary (Actg)





BARACK OBAMA

and the Democrats would
raise troubling memories of
President Bill Clinton’s fail-
ure to enact health care legis-
lation in 1993-94 and the sub-
sequent Republican takeover
of Congress.

Senate rules, and ingrained
Senate habits — such as hold-
ing few if any votes on Mon-
days and Fridays — make it
easy for opponents of any leg-
islation to draw out the
process. The bid to revamp
the nation’s health care sys-
tem, and insure millions of
people now lacking coverage,
is more complex than most.

Reid is trying to meld por-
tions of two massive bills, one
from the Finance Committee,
the other from the Health,
Education, Labor and Pen-
sions Committee. He is sub-
mitting parts of the plan to
CBO analysts to see if the
Senate can hold the cost to
$900 billion over 10 years, as
Obama has insisted.

Reid eventually will send
the bill to the Senate floor,
where weeks of debate and
efforts to amend it could
ensue. At crucial junctures,
Reid will have to muster 60
votes in the 100-member
chamber to advance the bill.

The House could move a
significantly different bill as
early as this weekend.

Assuming both chambers
pass some version of health
care overhaul, a House-Sen-
ate conference committee
would try to resolve the dif-
ferences. Then both chambers
would vote on the final prod-
uct and, if they approve it,
send it to Obama’s desk.

A congressional truism
holds that it’s easier to pass
hard-fought legislation in odd-
numbered years. In even-
numbered years, all 435
House seats and one-third of
the Senate seats are up for
grabs in November and some
lawmakers are more reluctant
to cast tough votes.

Lawmakers, especially sen-
ators, also tend to focus on
only one big issue at a time.
As long as health care domi-
nates debate, the Senate is
unlikely to move on other
hot-button issues such as a
massive energy bill, immigra-
tion and a proposal to re-reg-
ulate the financial industry.

Pelosi said House members
know they have a “historic
opportunity to do something
great, and we would hope that
it would be sooner, but I don’t
think anybody has a clock
ticking.”

But, of course, a clock
always runs on the legislative
calendar. In the Senate, the
tick-tock seems a bit louder.

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.




an
Nay,

THE TRIBUNE





Regulator to get
increased power

By ANNE FLAHERTY
Associated Press Writer

WASHINGTON (AP) —
The House Financial Services
Committee voted Wednesday
to give federal regulators
more power and money to
police major players in the
stock market, four months
after Bernard Madoff was
sentenced for the biggest
investment scam in history.

The 41-28 vote was the
panel’s latest move to try to
rein in abuses on Wall Street.
It would give the Securities
and Exchange Commission
new enforcement powers,
including the ability to offer
bounty money to tipsters on
fraud cases and the power to
bar violators of the law from
employment in any securities-
related industry.

The bill also would double
the SEC’s budget in the next
five years.

Rep. Paul Kanjorski spon-
sored the legislation after
leading the panel’s investiga-
tion into the government’s
failure to uncover Madoff’s
massive fraud scheme for
nearly two decades. Madoff
was sentenced in June to 150
years in prison.

“In the last five years,
there’s been a significant
change and a greater sophis-
tication in the financial ser-
vice industry than has ever
happened in the history of
mankind,” said Kanjorski, a

THE WEATHE

5-Day FoRECAST

Pennsylvania Democrat. “So
we're going to have to change
fast.”

The proposal was part of a
broader effort by the com-
mittee to tighten rules gov-
erning financial institutions
after last year’s market crisis.
The full House was expected
to vote on the bill and related
proposals in early December.

In addition to giving the
SEC more power, the com-
mittee has voted to impose
new restrictions on invest-
ment rating agencies and
require oversight of hedge
funds and other large pools
of private capital.

The panel also wants a new
federal agency dedicated sole-
ly to protecting consumers
from fraud and abuse on
credit cards, mortgages and
other popular financial prod-
ucts.

As the House moves ahead
to overhaul financial regula-
tions, work in the Senate was
just getting under way. Senate
Banking Chairman Christo-
pher Dodd has begun drafting
a bill that would differ from
the Obama administration’s
proposal by limiting the pow-
er of the Federal Reserve and
consolidating banking super-
vision into a single regulator.

Dodd, who planned to
meet Wednesday with his
Democratic colleagues to dis-
cuss the matter, was expected
to unveil a draft proposal next
week.



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THURSDAY, NOVEMBER 5, 2009, PAGE 13B

NOW FOR WOMEN AND MEN

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INSURANCE MANAGEMENT
(BAHAMAS) LIMITED

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Temperature
88° F/31° C
. 73° F/23° C
. 82° F/28° C
. 71° F/22° C
. 90° F/32° C
81° F/27° C

10:52 a.m. 4:24 a.m.
11:20 p.m. 5:27 p.m.

11:51 a.m. 5:25 a.m.
6:26 p.m.

6:33 a.m.
7:28 p.m.

7:44 a.m.
8:28 p.m.

8:55 a.m.
9:25 p.m.

Saturday

ABACO
High: 80° F/27°C
Low: 66° F/19°C



Sunday

Normal high

Normal low

Last year's high

Last year's low
Precipitation

As of 1 p.m. yesterday
Year to date

Normal year to date ..

Monday 12:25 a.m.

12:54 p.m.

1:34 a.m.
1:58 p.m.

Wednesday 2:41 a.m.
3:00 p.m.



Tuesday



ie 0.00"
. 32.02"

FT. LAUDERDALE
High: 84° F/29°C @
Low: 70° F/21°C

FREEPORT
High: 80° F/27°C
Low: 63° F/17°C

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MIAMI
High: 84° F/29° C
Low: 70° F/21°C

BTU rt

Sunrise. .....6:20a.m.
Sunset....... 5:27 p.m.

Last

ELEUTHERA
High: 83° F/28°C
Low: 74° F/23°C

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~~’ High: 83° F/28°C he
Low: 70° F/21°C _

Nov. 9

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High: 85° F/29°C
High: 86° F/30° C Low: 72° F/22°C
Low: 74° F/23°C

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High: 86° F/30° C
Low: 71° F/22°C

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High: 86° F/30° C

‘ Low: 71° F/22°C
CROOKED ISLAND / ACKLINS

High: 89° F/32° C
RAGGEDISLAND ‘ow:73°F/23°C
High: 86° F/30° C

Low: 68° F/20° C

Moonrise ....
Moonset .....

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High: 81° F/27°C
Low: 72° F/22°C

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High: 85° F/29°C
Low: 74° F/23°C

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Highs: 65° F/18° 2

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10 Miles 82°
10 Miles 83°
10 Miles 83°
10 Miles 83°

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ighs: 86°F /30°C CROOKED ISLAND Today: NE at 8-16 Knots 10 Miles 83°

Friday: NE at 8-16 Knots -4 Fee 10 Miles 83°
ELEUTHERA lay: NNE at 6-12 Knots 10 Miles 83°

Friday: NE at 15-25 Knots -9 Fee 10 Miles 83°
FREEPORT lay: NNE at 10-20 Knots Fi 10 Miles 83°
iday: NE at 15-25 Knots 10 Miles 83°
GREAT EXUMA lay: NE at 7-14 Knots 10 Miles 83°
iday: NE at 15-25 Knots 7 Miles 83°
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iday: NE at 7-14 Knots 10 Miles 84°
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iday: NE at 10-20 Kno 10 Miles 83°
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iday: NE at 8-16 Knots 7 Miles 83°
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INSURANCE MANAGEMENT

(BAHAMAS) LIMITED. INSURANCE BROKERS & AGENTS



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Theme:
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The Bahamas Entrepreneurial Venture Fund
and The Ministry OF Finance

For Pre sperity’

mel PHM caare cl by

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Vivtanaire Marketiog

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Cor

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Conference Speakers Inclode:
The Hon. Zhivargo Laing, Minister of State for Finamce
Or. yes Monroe, President Bahamas Faith Ministries
a
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Fenny co Wells, Preside! Sarnclimary incite the Owners of Yura Eslales,
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TO DISCUSS STORIES ON THIS PAGE LOG ON TO WWW.TRIBUNE242.COM

PAGE 14B, THURSDAY, NOVEMBER 5, 2009

THE TRIBUNE





JP Morgan
agrees $700m
settlement with

re

By MARCY GORDON
AP Business Writer

WASHINGTON (AP) —
JPMorgan Chase & Co. has
agreed to a settlement worth
more than $700 million over
federal regulators’ charges
that it made unlawful pay-
ments to friends of public offi-
cials to win municipal bond
business in Jefferson County,
Ala.

The scandal over the coun-
ty’s $3.9 billion debt has
pushed it to the brink of filing
what would be the biggest
municipal bankruptcy in U.S.
history. The Securities and
Exchange Commission on
Wednesday announced the
settlement with JPMorgan,
which canceled interest-rate
swap contracts with the coun-
ty worth $700 million in
March.

The Wall Street bank did
not admit or deny the SEC
allegations in agreeing to pay
a $25 million civil fine, a $50
million payment to the coun-
ty and to forfeit $647 million
in termination fees it claims
the county owes from the can-
celed swap agreements.

The SEC also accused two
former managing directors of
JPMorgan, Charles LeCroy
and Douglas MacFaddin, of
securities law violations. The
agency is seeking unspecified
restitution from them. Mac-
Faddin will contest the
charges.

The SEC alleged that
JPMorgan, LeCroy and Mac-
Faddin made about $8 mil-



culators



JAMES DIMON, chairman and CEO of JP Morgan Chase & Co.,
speaks at the Securities Industry and Financial Marketers Association
in New York...

lion in undisclosed payments
to close friends of several Jef-
ferson County commission-
ers. Starting in July 2002,
LeCroy and MacFaddin
solicited the county for a $1.4
billion sewer bond deal.

Swayed by the payments,
the county commissioners
voted to select JPMorgan’s
securities division as manag-
ing underwriter of the bond
offerings and its affiliated
bank as swap provider for the
transactions, the SEC said.

JPMorgan failed to disclose
any of the unlawful payments
or conflicts of interest in the
bond offering documents, but
passed on the cost of the pay-
ments by charging the county
higher interest rates on the
swap transactions, according
to the SEC.

“The transactions were
complex but the scheme was
simple,” SEC Enforcement
Director Robert Khuzami
said in a statement. “Senior
JPMorgan bankers made
unlawful payments to win
business and earn fees.”

MacFaddin’s attorney,
Richard Lawler, said his client
“has at all times acted prop-
erly” in his dealings with Jef-
ferson County. “He denies he
has violated any securities
laws and we’re confident he’ll
be vindicated after trial,”
Lawler said.

LeCroy’s lawyer didn’t
immediately return a tele-
phone call seeking comment
Wednesday afternoon.

New York-based JPMor-
gan said in a statement it has
since discontinued its munici-
pal swap-exchange business.

(AP Photo: Mark Lennihan)

The settlement with the SEC
“does not impair any out-
standing Jefferson County
bonds and JPMorgan contin-
ues to work to achieve a
responsible restructuring of
Jefferson County’s financial
affairs,” the statement said.

The SEC previously
charged Birmingham, Ala.,
mayor Larry Langford and
two others for undisclosed
payments to Langford related
to municipal bond offerings
and swap agreement transac-
tions made while he was pres-
ident of the Jefferson County
Commission. On Oct. 28,
Langford was found guilty in
the related criminal case on
60 counts of bribery, mail
fraud, wire fraud and tax eva-
sion.

The SEC in July proposed
tightening rules governing dis-
closures about municipal
securities to aid investors in
a multitrillion-dollar market
used to finance schools, roads
and hospitals around the
country.

Brokers and dealers in
municipal bonds and other
securities would be required
to make fuller and more time-
ly disclosures to investors.

State and local govern-
ments raise funds for public
facilities by issuing bonds, in a
market estimated to be worth
about $2.7 trillion. Retail
investors increasingly partici-
pate in the market, seeking
safe investments with reliable
returns. The financial crisis
and tight credit have made it
more difficult for some
municipal securities deemed
higher risk to be sold.

National energy policy
must be more robust

FROM page 2B

control of kilowatts per hour
(KwH) consumption through
setting and reaching reduc-
tion targets, including cost
and carbon emissions targets.

Energy is very costly, not
only because of the vexing
fuel surcharge but because of
waste. About 60 per cent of
the power we buy from BEC
simply vanishes in distribu-
tion — between the power
plant and our homes and
workplaces. That’s not pecu-
liar to BEC; it’s a condition
common to all overburdened
power grids, including the US.
So we pay a lot for wasted
energy, including the energy
we waste ourselves at home
and at work. That’s about 40

per cent, conservatively
speaking.
President Obama

announced recently that
through the $787 billion stim-
ulus package, $6 billion will
be spent on the Smart Grid.
About half this amount will
go to pay for smart electricity
meters that will be installed
in millions of homes around
the US. Obviously, enabling
people to take responsibility is
an important plank in the US
government’s transitioning
strategy.

Ours is not a rich nation.
Our government cannot
afford to outfit homes with
smart meters. However, our
government should provide
incentives for reducing con-
sumption, at least until we can
get on to the renewable plat-

form.

Mass behaviour change in
meeting the energy and cli-
mate challenges is required,
and this calls for vigorous
social marketing on the part
of government. Such “social
marketing’ as now exists is so
insipid as to be of no conse-
quence.

No amount of advertise-
ments to save money and
energy by a proliferation of
small energy saving business-
es can create the critical mass
necessary to change behav-
iour. Besides, most of us do
not have the capital for sus-
tainable marketing, and any-
way, social marketing is not
the role of business. Busi-
nesses sell services or prod-
ucts. However, we need the
support of an enabling envi-
ronment in which to perform
our role successfully.

The Ministry of the Envi-
ronment would do well to
embark upon a massive social
marketing programme to sup-
port the formulation of the
energy policy. The good news
is that an effective template
already exists. In the 1990s,
the Ministry of Health imple-
mented a formidable social
marketing programme for
HIV/AIDS, the success of
which has done much to stem
the pandemic in our society
by targeting sexual values and
behaviour.

NB: Audrey Ingram
Roberts is the executive direc-
tor of Source Development
Consultants and Enigin, the
energy saving business








PAGE 1

N N A A S S S S A A U U A A N N D D B B A A H H A A M M A A I I S S L L A A N N D D S S L L E E A A D D I I N N G G N N E E W W S S P P A A P P E E R R Ex-PLP official seeks US court promise C M Y K C M Y K V olume: 105 No.287THURSDAY, NOVEMBER 5, 2009 PRICE – 75 (Abaco and Grand Bahama $1.25 WEATHER SUNNY WITH SHOWER HIGH 81F LOW 70F B y ALISON LOWE Tribune Staff Reporter alowe@tribunemedia.net T HE American attorney for embattled Bahamian lawyer Sidney Cambridge is trying tog et US authorities to promise that her client will still be free to travel to The Bahamas to see his family if he goes to the s tates to face money-launder ing charges brought against him. A ccording to Lily Ann Sanchez, she is negotiating with US prosecutors to get ab ond agreement for Cambridge that would allow him to fly between South Florida and The Bahamas where his wife and family live. “Mr Cambridge believes he did not do anything illegal whatsoever and he went forward all within the laws of the Bahamas and these are very unfortunate US charges,” Sanchez said. These negotiations may be the reason why no extradition request has yet been made for Mr Cambridge by US author ities a fact confirmed yesterday by the Attorney General’s Office and the Ministry of Foreign Affairs in The Bahamas. It comes as the Bahamian attorney was formally indicted by a federal grand jury on Tuesday on charges that he was involved in a $900,000 money-laundering scheme with a Florida politician, Jose phus Eggelletion. Mr Cambridge, who is currently in The Bahamas, was not present in court and a warBahamian attorney facing money-laundering charges negotiates over family visits The Tribune ANY TIME...ANY PLACE, WE’RE #1 BAHAMASEDITION TINGS TOUGH McDOUBLE FOR $3.79 www.tribune242.com E N T E R T O W I N T O D A Y ! B U Y A N Y P C M E A L O R M O R E T O R E C E I V E Y O U R S C R A T C H & W I N G A M E C A R D WE ACCEPT: I N S I D E CLASSIFIEDSTRADER CLASSIFIEDSTRADER CLASSIFIEDSTRADER I N S I D E OBITUARIES and RELIGION INTODAY’STRIBUNE JOBSAND HELPWANTED L L O O A A D D S S O O F F CARS! CARS! CARS! S IDNEYCAMBRIDGE SEE page 11 By TANEKA THOMPSON Tribune Staff Reporter tthompson@ tribunemedia.net MINISTER of Educa tion Carl Bethel was elected chairman of the FNM after being nomi nated unopposed by Prime Minister Hubert Ingraham in a shocking turn of events at the party's convention yester day. MrIngraham informed the cheering delegates that immediate past chairman Johnley Ferguson would not be offering himself for re-election before he nominated Mr Bethel for the post. "It is my duty to inform you that the chairman of the party C ARLBETHELELECTEDFNMCHAIRMAN PRIME MINISTER Hubert Ingraham talks with newly elected FNM Chairman Carl Bethel during the party's nomination of national offi cers yesterday.F N M P h o t o SEE page 10 H EARTFELT condolences poured in yest erday from the prime minister and members of the PLP at the newso f the death of Beryl H anna, wife of Govern or General Arthur D Hanna yesterday. She was 77. Prime M inister Hubert Ingraham saidt hat although Mrs Hanna was born in Britain, she fully embraced and c ame to love her adopt ed country and its people and was an excel-l ent example of B ahamian citizenship. “Mrs Hanna came to The Bahamas with herh usband back in the 50s and right up until the time of her illness par t icipated wholeheartedly in the life of our nation. Mrs Hanna supported her husband and h is colleagues in their early struggle for major ity rule and was herself o n the frontline in that struggle. “Along with other outstanding Bahamian w omen, she took to the streets in placard Beryl Hanna, wife of the Gover nor General, dies age 77 SEE page six MINISTER of National Security Tommy Turnquest hit out at the PLP last night claim ing the party is “all talk and no action” on capital punishment. In his speech to the FNM convention at the Wyndham Nassau Resort, Mr Turnquest said PLP leader Perry Christie “ranted” about being in favour of capital punishment. “His zeal naturally sent me back to the records to see what they had done about capital punishment during their five-year administration. The record shows that they did nothing. All talk, no action. “He also made statements about changing the Constitu tion to deal with the issue of bail in capital cases. Happily, the memory of Bahamians is not as short as some would wish. He did nothing about this on his watch.” Highlighting anti-crime By TANEKA THOMPSON Tribune Staff Reporter tthompson@tribunemedia.net NEWLY elected FNM Chairman Carl Bethel will step down as Minister of Education in the coming weeks in order to concen trate on his new responsibilities, he confirmed yesterday. He remained mum on the identity of the person who will replace him after Prime Minister Hubert Ingraham shuffles his Cabinet. PLP Chairman Bradley Roberts issued a scathing statement on Mr Bethel's impending resignation yesterday, thanking Mr Ingraham for "relieving the Bahamian people of inepti tude and poor leadership at the Ministry of Education." Political observers specu lated that Mr Bethel was selected as chairman in order to match wits with Mr Roberts, who was elected at the PLP's convention last month. Mr Bethel brushed off this assertion. "I deny that that was the reason," Mr Bethel laughed. "Obviously all jokes aside, we are now more than halfway through our term, the party is faced with the challenge now of beginning to prepare itself for the next general election." Until the next general election, Mr Bethel said his prime focus will be ensuring that the proper groundwork is in place to ensure the par ty's victory. When, or if this is accomplished, he hopes to return to Cabinet, he said. "The prime minister and I Bethel to step down as Minister of Education SEE page 10 SEE page 10 T urnquest:PLP all talk and no action on capital punishment

PAGE 2

MINISTER of State for Immigration Branville McCartney used the FNM convention podium last night to issue a sternw arning to Bahamians who employ foreigners without proper authorisation. Speaking on the f irst night of the convention, McCartney d elivered a fiery speech in which he defended the government’s record on immigration and put those who break immigration laws on notice. “We are bringing those who seek to profit from violating our immigration laws before our courts to answer charges,” he told the audience. The minister acknowledged t he hardships faced by many o f those who risk their lives f or better opportunities here, b ut said the Bahamas cannot sustain the current rate of illegal immigration – especially in such difficult economic times. H e said the government is determined to protect B ahamian workers and prof essionals from “unfair competition” and is therefore r efusing work permits to those who enter the country as visi-t ors, or who have entered illeg ally. H e added: “Those who hire n on-Bahamian professionals without the proper authorisat ion should be on notice that this FNM government is step-p ing up its measures to put an e nd to such practices.” According to Mr McCartney, the time has come when the Bahamas must “make a choice” about its identity andt he legacy it leaves for future generations. We do not have the luxury o f sitting idly by as world events shift the climate around us and threaten to sweep usa way in a global tide,” he said. The minister noted that immigrants from around the region and beyond have played an important role in the development of the Bahamas, contributing to education, enriching culture, and broadeningt he economy. He said: “Like our great neighbour to the north, the strength of our econo my has made our country a Mecca for p eople escaping less fortunate circumstances in other countries, both near and far. “Many risk their lives in search of a share in the promise which our country represents; a promise of prosperity and stability; a promise of peace and of acceptance by a people who have accepted and assimilated generations ofi mmigrants.” M r McCartney said that w hile the government welc omes immigrants who contribute to the expansion of the economy, many who seek to enter today are “poorly equipped to assist in our furt her development” – often needing a great deal from the B ahamas in terms of health c are, education and training. “The cost is becoming exorb itant in terms of our limited financial resources. In toughe conomic times the burden is h eavier. We no longer have t he capacity to assimilate the e ver-increasing numbers of illegal immigrants,” he said, n oting that this year alone, more than 4,000 illegal immi-g rants have been repatriated a fter being apprehended in the country, at a cost of $1 million. Mr McCartney went on to speak about the “ugly under s ide” of illegal immigration – noting that many illegals are i nvolved with cartels which r un the regional drug and gun trades, while others are involved in human smugglingc onnected to the sex trade. He said: “These cartels deal with human life as if people are disposable livestock, strap-p ing dangerous drugs or concealing small arms on vulnerable people, with the promise o f free passage to a better life. Many never make it. “We will never know the number of people that have m et their demise attempting to make that passage. It is a cruel irony that some of the d escendants of slaves who 300 years ago endured and survived the horrors of the Mid-d le Passage between Africa a nd the Caribbean, today meet their end in waterlogged t ombs like so many Africans did during the slave trade. Noting that the majority of illegal immigrants come fromH aiti, Mr McCartney said he believes it is important to “hold no malice or prejudice” against the people of this c ountry – “Indeed, we might rightly admire the Haitian people who have fought gall antly for centuries to control their destiny, a people who were free when many of oura ncestors were still enslaved. The Haitian people are our brothers and sisters. Our destinies have been linked byp roximity, by trade, by family and by friendship,” he said. C M Y K C M Y K LOCAL NEWS PAGE 2, THURSDAY, NOVEMBER 5, 2009 THE TRIBUNE TO DISCUSS STORIES ON THIS PAGE LOG ON TO WWW.TRIBUNE242.COM Immigration minister issues stern warning D uring its current term in office, Minister McCartney told last night’s convention, the FNM has taken a number of steps to combat illegal immigra-t ion, including: Reorganising and bringing order to the department Ensuring the enforcement of immigration laws and regulations without fear or favour Systematically reducing the number of illegal immigrants by sustained regular and routine arrest, detention and repatriation exercises Improving revenue c ollection measures in the f inancial planning unit of t he Department of Immi gration. H e said the government is also recruiting more immigration officers,w orking to regularise the s tatus of long-term residents and the registration of children born abroad to Bahamian women married to foreigners, processing work permits more effi-c iently, and moving toward the issuance of anti-fraud tamper resistant immigration documents. P P R R I I M M E E M inister Hubert Ingraham is all smiles at last night’s FNM convention... P hoto by F F e e l l i i p p M M a a j j o o r r / Tribune staff Steps to combat illegal immigration M cCARTNEY PM Ingraham at FNM convention

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PLP Chairman Bradley Roberts slammed National Security Minister Tommy Turnq uest on his comments suggesting that there was no empir i cal evidence that the Urban Renewal initiative put in place b y the former PLP government had any direct impact on crime reduction. “This statement is totally untrue,” Mr Roberts said. O n Tuesday, November 3, Mr Turnquest was the featured g uest on a ZNS programme when the remarks were made. The Urban Renewal Programme had such a profound impact on the Bahamian community in terms of reducing crime, anti-social behaviour, a nd social decay, that the Min istry of Education made it parto f its examining syllabus for the BJC and the BGCSE. Repres entatives from countries in the region and abroad came to the Bahamas to witness firsthandt he programme and its effects. “The Urban Renewal Prog ramme won the International Association of Chiefs of Police Award in 2004, 2005 and in 2006. The Programme was also awarded the coveted community policing award of the Association of Caribbean Commis sioners of Police. In order to attain these awards, the Royal Bahamas Police Force had to unequivocally and demonstrably prove that the Programmewas an effective initiative in reducing crime. Comprehen sive documents containing both qualitative and quantitative data had to be produced and scrutinized by a panel of judges representing countries around the world,” Mr Roberts said. Additionally, the PLP chair man said that statistics show that in each year of the pro gramme, crime was reduced in the programme areas as well as nationally. “For instance, a major concern remains the number of homicides that are committed in the Bahamas, most of which occur in the ‘over the hill’ urban a reas. The overall homicide count between 2002 and 2006( ie the five year Urban Renewal period) totalled 258 incidents. S ince the dismantling of the programme in 2007, the num ber of homicides for the period between 2007 to current (three year period) is two 223 inci d ents. “In essence, whereas the B ahamas experienced 52 homi cides per year, that figure has n ow drastically increased by 29 per cent to an average of 74 murders per year. “Further, if one were to con duct a case study, the evidencew ill show that a number of young men whose lives werei mpacted by urban renewal inasmuch that they were being m oulded into productive citizens have now turned to a life of crime and anti-social behav i our. As a matter of fact, several have been killed,” he said. T he chairman added that not only does empirical evidence exist to prove that Urban Renewal was truly an effective programme but this evidence has been placed in public libraries for all to consume. “It was documented in the form of the Annual Report of the Urban Renewal Programme from the perspective of the Royal Bahamas Police F orce. What does not exist is any empirical evidence from2 007 to the current of the true extent of crime and how it is b eing addressed by the Ministry of National Security and the Royal Bahamas Police Force as no Annual Report has been produced for public con s umption from 2007 to the current period.” Mr Roberts said. C M Y K C M Y K LOCAL NEWS THE TRIBUNE THURSDAY, NOVEMBER 5, 2009, PAGE 3 TO DISCUSS STORIES ON THIS PAGE LOG ON TO WWW.TRIBUNE242.COM DURING a time when the country is marred with escalating violence and a troubled e conomy the FNM stands ready to overcome these challenges, Prime Minister Hubert Ingraham said yesterday morning. At a prayer breakfast held to mark the start o f the party's convention, Mr Ingraham said the government is prepared to make the difficult choices that are necessary to emerge f rom the current economic turbulence and fulfil its mandate to the Bahamian people. Said Mr Ingraham: "We meet at a time of tremendous economic hardship for many in our country and around the world. The global economic crisis has become very personal to nearly all of us. The fallout from economic failures in the developed world has meant decreased tourists arrivals and hence decreased tourism expenditures in our economy. This has dramatically reduced economic activity, business failures, increased numbers of unemployed persons and financial hardship for many persons. Yes, many of our people are hurting for these are tough times form any. Violence " We meet at a time when violence continues to mar the lives of far too many of our p eople, particularly our young people." H e said government continues to assist the needy through bolstered national assistance p rogrammes, job creation, BEC's electricity relief programme, the unemployment benefit a nd recently enacted legislation that would make it easier for persons with chronic dise ases to access prescription drugs. "Assistance has been planned and is being delivered on many fronts through a $12 m illion increase in Government’s assistance programmes managed through the Departm ent of Social Services, through BEC’s elec tricity relief programme, through jobs creation initiatives, through the introduction of the unemployment benefit scheme and through the enactment of legislation for the i ntroduction of the Prescription Drug Programme. Through these programmes and init iatives we seek to live out God’s admonition to us to feed the hungry, clothe the naked a nd care for the orphaned." H e added that government is unfazed by detractors who may take delight in seeing the party fail throughout these trying economic and social conditions. " We are not discouraged by ill will toward us. We stand firm and ready to face and over-c ome the challenges, to make difficult deci sions and to provide the leadership so serio usly necessary in tough economic times," said Mr Ingraham, during the prayer breakfast held at the Wyndham hotel yesterday. The FNM's convention continues until Fri day; a celebratory banquet is scheduled forS aturday night at the Wyndham hotel. We are ready to overcome economic woes – Ingraham Roberts slams Turnquest over crime comments PRAYERBREAKFAST The following people were nominated or elected to key party posts at the FNM convention yesterday. E lections will take place on Friday at 10am: Leader : Hubert Ingraham was reelected after being nominated unop-p osed by Minister of National Security Tommy Turnquest, and seconded by MP for Garden Hills, Brensil Rolle. D eputy Leader : Brent Symonette was re-elected after being nominated unopposed by Minister of Education Carl Bethel, and seconded by Richard Simmons. C hairman : Carl Bethel was elected after being nominated unopposed by Prime Minister Hubert Ingraham. Incumbent Chairman Johnley Ferguson seconded the n omination, after Mr Ingraham a nnounced that Mr Ferguson would n ot be offering himself for re-elect ion to the office. Deputy Chairman (2 posts D avid Wallace, Senator Anthony Musgrove and Michael Turnquest w ill be in the running on Friday for the two positions. Senator JacintaH iggs declined a nomination. V ice Chairman ( 5 posts): Senator J acinta Higgs (nominated by Senat or Dion Foulkes), Mavis Johnson Collie (nominated by MP for Mont agu Loretta Butler Turner), Margaret Johnson, Serfent Rolle, Vin c ent Pinnock, Francis Sawyer, Colin Ingraham, Sherry Albury, IvanT hompson, Darren Cash and David Jordine will be in the running. FNMConvention HUBERT INGRAHAM YESTERDAY URBANRENEWALPROGRAMME PM says government is prepared for tough choices BRADLEY ROBERTS

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EDITOR, The Tribune. I was just informed of the d eath of Nurse Myrtle Hanna, and thought it only right to pay tribute to this mar-v elous Bahamian lady. S he has touched so many lives, both in the Bahamas a nd abroad during her long and caring life, that is only right that the work she hasd one should be long remembered and she should serve a s an example of a true Christian. And so I offer now this tribute to that greatl ady. I first encountered Nurse Hanna when she applied for a job as a practical nurse at t he Hardecker Children’s Clinic in 1965. We had just s tarted up the Clinic on Deveaux Street a few months before, but it wase nlarging quickly and we needed to expand the pers onnel. Nurse Hanna had worked for a private practitionera fter her training at the Hospital (I believe it was stillT he Bahamas General Hospital at that time), but was i nterested in working with the children. At first, Nurse Hanna, r eflected her training: She made no decisions on her own, but faithfully followed doctor’s orders, and did the initial admitting procedures.T hese included taking the children’s temperatures, weighing and measuring them, but expanded into taking blood pressure and p ulse readings in both their arms and legs. Her knowle dge and expertise were soon evident, but she needed convincing of her owna bility to recognise signs and symptoms of disease and to c ommunicate that knowledge. Her familiarity with many of the families was ofg reat help in assessing their concerns for the children. It took a while before shew ould go beyond the door of the admitting room, to t he treatment room, to the pharmacy, the lab, and finally the doctor’s room. I t wasn’t long before we recognised the great source o f information Nurse Hanna provided. Her fabulous memory and h er wide range of acquaintances helped to provide m any a medical history that both parents and children had forgotten. She couldp oint out relationships that even the parents of the children were unaware of, mak ing a medical history that much more accurate. N urse Hanna was fre quently seen as a daunting figure and commanded obe-d ience with her grim expression which rapidly diss olved into an enchanting grin. She was intolerant of abuse by either children ora dults, but a true nurse in her sympathy with the ill, the painful, the worried and the bereaved. S he also proved to be an excellent teacher to the hundreds of medical studentsw ho came to the clinic. A lthough well versed in medical knowledge, these s tudents learned from her the “how” of medicine how to translate medicalk nowledge into action how to take a history, how t o communicate with parents and with children, how to put them at ease. She hasb een long remembered by her” students, who have passed on the practical lessons she taught them. I n her later years, after leaving the Clinic, Nurse H anna continued to practise nursing. She devoted her efforts i nto caring for the elderly. (She never quite put herself i n that category!) She could frequently be found travelling aroundG rants Town on her mission of visiting the sick. I felt it was only right that this very great, unassuming C hristian lady should receive the accolade that she has long deserved and them emory of her great contri bution to the Bahamas be acknowledged. DR. JULIE W ERSHING, Former Paediatrician of The Hardecker Children’s Clinic, November 3, 2009. C M Y K C M Y K EDITORIAL/LETTERS TO THE EDITOR PAGE 4, THURSDAY, NOVEMBER 5, 2009 THE TRIBUNE The Tribune Limited NULLIUS ADDICTUS JURARE IN VERBA MAGISTRI Being Bound to Swear to The Dogmas of No Master L EON E. H. DUPUCH, Publisher/Editor 1903-1914 S IR ETIENNE DUPUCH, Kt., O.B.E., K.M., K.C.S.G., (Hon. P ublisher/Editor 1919-1972 Contributing Editor 1972-1991 EILEEN DUPUCH CARRON, C.M.G., M.S., B.A., LL.B. P ublisher/Editor 1972Published Daily Monday to Saturday S hirley Street, P.O. Box N-3207, Nassau, Bahamas Insurance Management Building., P.O. F-485, Freeport, Grand Bahama W EBSITE www.tribune242.com – updated daily at 2pm CAIRO (AP Rodham Clinton’s tense exchanges with Paki stani civilians and Arab diplomats over a harrowing week of foreign stops exposed the confining limits of her office. O n her most ambitious and contentious overs eas trip as secretary of state, Clinton had to resort to damage control after she appeared to m angle the Obama administration’s message on frozen Mideast peace talks. A nd while she scored points back home by standing up to angry Pakistanis who confronted her about drone-launched U.S. missile s trikes, her blunt questioning of the resolve of P akistan’s government exposed American i mpatience with the country’s incremental steps against terrorists. I n each case her extraordinarily public approach to diplomacy for better or worse reflected not only her personal style but also President Barack Obama’s promise to reach out openly to friend as well as foe. What remains less clear is whether Clinton’s hot-button politician’s persona works any bet t er at producing international results let alone clarity than a more classic diplomat’s c ooler tact. There were no breakthroughs, and it’s too early to know how her public and b ehind-the-scenes performances in Pakistan, Abu Dhabi, Israel, Morocco and Egypt will play out. But Clinton emphatically followed through on a pledge she made last month when she said the time had come for the U.S. gov ernment to communicate more aggressively abroad and challenge U.S. critics on their own t urf. From here on, she said then, “we’re going to be in the mix and we’re going to be in them ix every day.” It is a boldly political take on taking on the w orld, and Clinton is relying on some of her old campaign trail tricks and moxie to press America’s case. In Pakistan, she aggressively sold the administration’s stance against al-Qaida during several crowded “town hall” public f orums that had been her stock-in-trade during the 2008 presidential primary run against Oba m a. But despite finding some success in Africa and Asia earlier this year communicating Clint onian warmth with foreign audiences, Lahore was not Portsmouth, N.H. And a brash in-your-face style that won vot ers’ hearts and minds in the U.S. may have come off as confrontational to skeptical Paki stan civilians who responded in kind. In Lahore, Clinton certainly won domestic c onsumption brownie points by saying what many Americans have complained about for y ears that Pakistan’s government had done little to root out al-Qaida’s upper echelon. “Al-Qaida has had safe haven in Pakistan since 2002,” she said bluntly. “I find it hard to believe that nobody in your government knows where they are and couldn’t get them if they really wanted to. And maybe that’s the case.M aybe they’re not getable. I don’t know.” Pakistan’s leaders were not pleased waiting until Clinton departed to slap back. But even when she had a second chance to scale back her remarks, Clinton softened them only by a hair. She also dinged Pakistan’s leaders for d iminishing their standing in Washington by complaining about tough new conditions set by Congress for providing billions in new aid. For the United States Congress to pass a bill u nanimously, saying that we want to give $7.5 billion to Pakistan in a time of global recession w hen we have a 10 percent unemployment rate, and then for Pakistani press and others to s ay, ’We don’t want that,’ that’s insulting,” she said. That wasn’t what the Pakistani government wanted to hear, but it seemed to reflect C linton’s determination to show the Pakistanis t hat they can complain about U.S. counterterr orism tactics and about strings attached to U.S. aid but not without hearing the admini stration’s own concerns. Clinton’s toughened public stance was less in e vidence, though, when she turned to the stymied Mideast peace process. Instead of bluntness, she struggled repeatedly to cater to both Israeli and Arab concerns, making no headway in getting either side to move closer. I n Jerusalem, trying to mollify Israeli reluctance to agree to halt all future settlements as a pretext to renewed peace talks with Pales tinians, Clinton floated an Israeli proposal that w ould restrain but not stop more West Bank housing. Palestinian and Arab diplomats reacted with outrage, and the Clinton who had been tough in Pakistan was forced to backpedal. Arab offi cials questioned whether the U.S. had tilted toward Israel and abandoned its position that c ontinued Israel settlements are illegitimate and must be brought to a full stop. C linton’s comments reflected a realization within the Obama administration that conserv ative Israeli Prime Minister Benjamin Netanyahu’s government will not accept a fullon settlement freeze and that a partial halt might be the best lesser option. Her appeal seemed designed to make the Israeli position m ore palatable to the Palestinians and Arab states. Clinton had traveled to the region reluc t antly, concerned her visit might be perceived as a failure without clear results, according to s everal U.S. officials. She agreed to meet Israeli and Palestinian leaders after pressure from the White House, according to the officials, who spoke on con dition of anonymity to discuss internal admini stration thinking. In Marrakesh, Morocco, two days after her c ontroversial comments in Jerusalem, Clinton issued what she called a clarification. But she w as dogged by questions about the settlements issue for the rest of her time abroad. Asked Wednesday before departing for Washington what she believed she had accomplished, Clinton focused on the depth of the challenges she faced, not on what the trip deliv ered or failed to deliver. This article is by Robert Burns, who has been covering national security and military affairs for The Associated Press since 1990. Myrtle Hanna – a marvellous Bahamian lady LETTERS letters@tribunemedia.net For Clinton, tough talk but few results EDITOR, The Tribune . O n October 17, the Rotary Club of Abaco presented three Paul Harris Awards to three deserving persons: St. Michael Malone, Mother Merle Williams and Mr. Davis Ralph. All three of the honourees made their mark in our community, and the award giv en to these remarkable individuals is very good and commendable of our Rotary Club. As you know, there were many others in the past, and there will be many others in the future who have yet to receive such an outstanding award. I say good job to the Rotary Club of Abaco of which I am one of the founding mem bers, and I am proud to be just that. I love the Rotary four-way test: Is it the truth? Is it fair to all concerned? W ill it build goodwill? Will it be beneficial to all concerned? At this point, let me be the first to say – congratulations to the recipients of the Paul Harris Award. Please continue your work of service above self particularly to the two who are still with us. God bless St. Michael, who has completed his assignment, and I am sure the good Lord said to him, “Well done, thy good and faithful servant.” St. Michael was full of love for his fellow man. May his soul rest in peace. JOSEPH SAWYER Abaco, October, 2009. Rotary Club commended for the presentation of Paul Harris awards

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College of the Bahamas faculty have a clear path to conducting a strike vote if they wish to do so, Minister of Labour Dion Foulkes confirmed. He told The Tribune that w hile he is encouraging the college’s staff and management to continue discussions, the Union of Tertiary Educators of the Bahamas (UTEB all the appropriate steps – including filing a trade disp ute and taking part in several conciliation meetings – and is entitled to hold such a vote on behalf of its mem-b ers. M r Foulkes said that once U TEB decides on a venue a nd date, the Department of Labour will oversee the exercise. have met with both sides and the director was meeting with both sides to see if he could reach common ground on issues. This is a matter of negot iation, this is a matter for both parties to come to an agreement; I can’t force them to agree,” the minister said. H owever, Director of L abour Harcourt Brown s aid that while he admits talks could have progressed better, he would not characterise the conciliation p rocess as “at a stand-still” a nd believes there is “still r oom for parties to amicably resolve their differences.” This comes after 40 mem bers of the union, which represents more than 200 staff, h anded a letter calling for a s trike vote to Mr Foulkes on T uesday, saying they are angry that the college has a llegedly failed to negotiate in “good faith” over their working conditions. Meanwhile, COB’s man agement issued a statement yesterday saying the college is committed to concluding negotiations with UTEB on new collective agreement to the satisfaction of both parties in a timely and con s cientious manner.” I t said: “Our responsibility is to meet the overall wellbeing of the college and to set the stage for building a high quality Bahamian university for years to come. Confident “The college is confident that an agreement will be reached and this will be done at the negotiating t able. “It is not the policy of the college to negotiate outside of the established negotiat ing process.” T he group of professors, librarians, counsellors and other UTEB members who d elivered the letter, showed up in force outside the Churchill Building at around 10am on Wednesday to greet labour minister Dion F oulkes. Wearing orange “UTEB”-emblazoned tshirts and singing songs of “solidarity”, the educators and other key staff said they have had enough of what they for months termed a dictatorial” approach to negotiations over their new industrial agreement on the part of their employer, the college. Their previous agreement expired in June 2 008. Staff members such as Llewellyn Curling, a professor in the college’s school of t echnology, described the conditions that COB is seeking to put into the staff’s new agreement as “regres-s ive” removing benefits that they previously enjoyed. With the two sides failing t o come together, only one clause union dues has so far been agreed upon during the 10-month talks out of a total of around 100e xpected to be hammered out, according to the educa tor. S ome staff suggested that if the college changes working conditions as proposed,p rogress towards university status would be set back as s taff’s professional develop ment would be hindered, w hile their living standards would be placed at risk through reduced job securi-t y. C atharine Archer, a librarian, claimed she is conc erned that under the terms proposed by the college, r esearch leave and grants presently available to peo ple like her will be no more. C M Y K C M Y K LOCAL NEWS THE TRIBUNE THURSDAY, NOVEMBER 5, 2009, PAGE 5 TO DISCUSS STORIES ON THIS PAGE LOG ON TO WWW.TRIBUNE242.COM COB faculty have clear path to strike vote, says Foulkes COLLEGEOFTHEBAHAMAS Minister still encouraging staff and management to continue talks JANYNE HODDER Dion Foulkes I have met with both s ides and t he director was m eeting with both sides to see if he could reach common ground o n issues. This is a matter of negot iation, this is a matter for both parties to come toa n agr e ement; I c an’t force them t o agree.” I I N N S S I I G G H H T T F o o r r t t h h e e s s t t o o r r i i e e s s b b e e h h i i n n d d t t h h e e n n e e w w s s , , r r e e a a d d I I n n s s i i g g h h t t o o n n M M o o n n d d a a y y s s

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demonstrations for democratic reform, including women’s right to vote. Mrs Hanna willb e sorely missed by Bahamia ns of all walks of life and of a ll political persuasions who came to know her and to develop genuine affection for her. She had a special affinity for the poor and downtrodd en of our society. “My colleagues and I join with Bahamians everywhere in expressing sincere condolences to His Excellency the Governor General, to their daughters Glenys and Dawn,t heir sons Dion and Mark, and the entire Hanna family,” Mr Ingraham said. Calling her an “icon” in the Bahamian struggle to Indep endence, PLP Chairman Bradley Roberts said that Mrs Hanna was present at her husband’s side through every major event in the birth of the modern Bahamas. “Beryl Hanna came to her a dopted country at her husband’s side following their time together at university. The Bahamas they arrived in the 1950s was full of prejudice and lost opportunities for the m ajority of its people. This c ouple joined the struggle as members of the Progressive Liberal Party. “Mrs Hanna was a natural as if she had lived here all herl ife. She fit right in. Together she worked, they demonstrated. She helped to change the country. Beryl Hanna was t here at every major event in the life of our modern political s truggle: There when women fought for the vote; there when women voted for the first time; there for Black Tuesday in 1965; there for M ajority Rule in 1967; there for the struggle against a partheid in South Africa; t here as the consort to the Governor General in the winter of her life and in the face o f very difficult physical circ umstances,” he said. B eing personally thanked by the former President of S outh Africa Nelson Mandela himself, Mrs Hanna worked tirelessly in the anti-apartheids truggle in the Bahamas. Mr R oberts said that when the n ext chapter of Bahamian history is written, Beryl Hanna’s name is sure to be “all over it” recorded and remem bered with affection, and p ride. “We owe a great debt of gratitude to this quiet, but d etermined woman, for her loyalty, for her faith for her struggle to create the modernB ahamas and for helping to build our party. May her soul rest in peace. We extend condolences to Mr Hanna, Glenys H anna Martin MP and the e ntire family on this sad passi ng.” E choing these sentiments, Fox Hill MP Fred Mitchell s aid in the country’s loss of Mrs Hanna he has also losth is closet friend in politics. I grew up calling her Aunt Beryl, a sign of the closeness o f my late mother to her hus band Arthur, our Governor G eneral, who lived with my g randmother Gwendolyn during his years in high school. S he was a trooper, a real advocate for the rights of Bahamians and people everywhere to equality justice and fair play. We were kindreds pirits. “My favourite recollection o f her is that iconic photo in t he newspaper of herself, Dame Marguerite Pindling and the late Daphne WallaceW hitfield with the placards supporting the demonstration on Black Tuesday in April 1965 following the PLP’s thenl eader Lynden Pindling throwing the Speaker’s mace out of t he window of the House. “But our closeness grew when she agreed to join the B ahamas Committee on Southern Africa on which I served as its Vice Presidenta nd she as its Honorary Chair. It was the main anti-apartheid organisation in the Bahamas. It was my proud honour to personally obtain and deliver to her a letter of thanks from Nelson Mandela for her worki n the struggle,” he said. Even the PLP’s Women’s Branch remembered her as aw oman who fought for the r ights of other women, the down-trodden, the disadvantaged, and anyone who wasb eing discriminated against in the Bahamas or elsewhere. “Although she was not born i n the Bahamas it is safe to say that there were not many individuals more patriotic and l oving of this country than Beryl Hanna. She stood up for the rights of all Bahamians w hen many others living in this country were afraid to. In doing so, she assisted in creat-i ng the modern Bahamas as we know it today. “We know that a suitable memorial tribute is in order, to celebrate the life and contribution of our dear sister, and we offer our assistance int he execution of a suitable memento. “Condolences are extende d to the family of our b eloved Governor General, the Honourable Arthur D Hanna, including our sistera nd former Chairman both of the Women’s Branch and the PLP Glenys Hanna-Martin,D eon Hanna, the grand-chil dren and the extended family.” C M Y K C M Y K LOCAL NEWS PAGE 6, THURSDAY, NOVEMBER 5, 2009 THE TRIBUNE TO DISCUSS STORIES ON THIS PAGE LOG ON TO WWW.TRIBUNE242.COM TEACHERS AND SALARIED WORKERS CO-OPERATIVE CREDIT UNION LIMITEDNOTICE TO OUR VALUED SHAREHOLDERSPlease be advised that Interest/Dividend payments for the year 2008 will be distributed effective Monday November 2, 2009 during the hours of 11:00 a.m. 4:00 p.m. as follows:November 2 November 3 November 4 November 5 November 6 November 9 November 10 November 11 November 12 November 13 November 16 November 17 November 18 November 19 November 20 November 23 November 24 November 25 001-700 701-1200 1201-1800 1801-2400 2401-3000 3001-3600 3601-4200 4201-4500 4501-4800 4801-5100 5101-5400 5401-5700 5701-6000 6001-6300 6301-6600 6601-6900 6901-7200 7201-7500 November 26 November 27 November 30 December 1 December 2 December 3 December 4 December 7 December 8 December 9 December 10 December 11 December 14 December 15 December 16 December 17 December 18 7501-7800 7801-8100 8101-8400 8401-8700 8701-9000 9001-9500 9501-10000 10001-10500 10501-11300 11301-12100 12101-13000 13001-14000 14001-15000 15001-16000 16001-17000 17001-18500 18501 onDates Account Numbers Dates Account Numbers RobinsonRoad393-5964 MP 1500 Fast&UserFriendly DigitalCopying Very fast warm up and rst copy speed Great media versatility Intuitive operation for optimum ease of use Designed to be cost ecient Document feeder optional$1,200Limited time oer • While supplies last Beryl Hanna, wife of the Governor General, dies age 77 F ROM page one A BOVE: M rs Beryl Hanna reading a proclamation by then Prime Minister Sir Lynden Pindling declaring Universal Children’s Day in November, 1979. RIGHT: Paula Darcy shows B eryl Hanna round the Centre f or the Deaf in November, 1979.

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C M Y K C M Y K LOCAL NEWS T HE TRIBUNE THURSDAY, NOVEMBER 5, 2009, PAGE 7 TO DISCUSS STORIES ON THIS PAGE LOG ON TO WWW.TRIBUNE242.COM T HE TRIBUNE h it the streets yesterday t o find out how the public feels about the Atlantis’ new ban on unsupervised youth in Marina Village following the shooting of two security guards there over the weekend. B eth, 48, Ministry of Health “When it comes to tourists and the countrymen, then so be it.” Melanie, Baillou Hill “I don't think that unsupervised children should be allowed anywhere.” C They don't have the right to ban anyo ne from anywhere this isn't commun ism. We don't live in a communist count ry.” S ean Smith, Killarney “I think they shouldn't be there unsuperv ised.” Mr McPhee, Carmichael No, I don't think Atlantis should ban youths from coming. I think parents ought to t ry and supervise their kids . . . But at the same time we're in the Bahamas, we're B ahamians, and we should be free to go and move – as long as we're not committing any criminal act.” Tom Jones, Yamacraw “Young people today have no manners a nd they don't listen. . . Ban all of them.” 1 8, Carmichael Atlantis has the right to do that. Minors don't need to be hanging up over there by t hemselves.” 2 0, Carmichael “If you don't have any business over there don't go over there. What are children going o ver there for do they have any money to spend?” Bahama Bob, 40 “From their perspective it's like we have a t ourist product we can't let go of.” Public have their say on Atlantis’ ban on unsupervised youth T ALK STREET A POLICE car and a mbulance at the scene on Paradise Island after Saturday night’s double s hooting. Bahama Bob’ THE MARINAVILLAGE at Atlantis

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By NATARIO McKENZIE Tribune Staff Reporter nmckenzie@tribunemedia.net A DNA expert testified yesterday in the trial of a man charged in the October 2006 double murders of two men on Andros. Frank Alphonso Pinder, 33, of the Bluff, South Andros, is accused of killing Glenwood Neely Jr and James Smith Jr. The two men were reported missing almost two weeks before their bodies were discovered in a remote area of the Bluff, South Andros, in an advanced state of decomposition. Kevin Noppinger, lab director of DNA Labs International in Deerfield Beach, Florida, testified that he analysed two blood stain samples from Willimae Neely and Edith Smith along with two bone samples submitted to the lab by Bahamian police. Mr Noppinger told the court he began analysing the samples on January 5, 2007, and later submitted a report. He developed a DNA profile from the blood stain samples and compared them to bone samples from the two victims. He said he concluded there was a 99.99 per cent chance that Mrs Neely was the biological mother of the individual whose bone sample was labelled LS3 and that Mrs Smith was the biological mother of the individual whose bone sample was labelled LS1. Also taking the witness stand yesterday was Kirsten Noppinger, president of DNA Labs International. She told the court she had received the blood and bone samples from Detective Corporal Sheria King. She said the samples were documented in the lab’s computer system and then placed in an evidence vault. Detective Inspector Rochelle Deleveaux-Rolle told the court she had received sealed pack aged samples containing the blood stains and bone on December 8, 2006, but did not open them. She explained that she did not want to break the seal on the samples and risk contaminating the evidence, which was later handed over to a woman she identified as Corporal King. The trial, which is into its second week, is being heard before Senior Justice Anita Allen. The case resumes today at 10am. C M Y K C M Y K LOCAL NEWS PAGE 8, THURSDAY, NOVEMBER 5, 2009 THE TRIBUNE TO DISCUSS STORIES ON THIS PAGE LOG ON TO WWW.TRIBUNE242.COM Mackey Street Telephone: 393-0744 Monday Saturday 9:00am 5:00pmORALEE’S FASHIONSSale 50-75% offSelected ItemsSale Starts This Thursday Oct. 29th DNAexpert testifies in double murder trial POLICE are searching for a man who they want to question in connection with the murder of James Patrick Gardiner, 42, of Augusta Street. Xavient Taylor, also known as “Ninja”, is 26 years old and his last known address was Key West Street. He is described as being 6ft tall, slim and weighing 170lbs. The police say Taylor should be considered armed and dangerous. Anyone with information about his whereabouts has been urged to contact the police on: 919, 911 or 3223333; the Central Detective Unit on 502-9930 or 502-9991; Crime Stoppers on 328-8474, or any police station. Gardiner was stabbed following an argument in the Montel Heights area, where he had been visiting a friend o n Monday night. Man wanted for questioning in connection with murder THE ninth tropical storm of the year, Ida, has formed in the Gulf of Mexico. The Tropical Storm is headed toward Nicaragua with maximum sustained winds of 60 miles per hour. A tropical storm warning remains in effect for the entire eastern coast of Nicaragua and for the islands of San Andres and Providencia. Ida is heading toward the west-northwest at six miles per hour. The storm is expected to turn northwest and to decrease in forward speed. T ropical storm forms in Gulf of Mexico Two students charged in connection with stabbing By DENISE MAYCOCK Tribune Freeport Reporter dmaycock@tribunmedia.net FREEPORT Two male students of St George's High S chool were charged with causing grievous harm in conn ection with the stabbing of another male student. The minors appeared before Magistrate Debbie Ferguson in Court One. However, they were not allowed to enter a plea because of the absence of the Juvenile Panel. The matter was adjourned to February 9, 2010 when the j uveniles will return to enter a plea. The arraignment is in relation to Monday's stabbing at St G eorges High School. The victim remains in hospital in stable condition. The teenagers were each granted $600 bail. By DENISE MAYCOCK Tribune Freeport Reporter dmaycock@tribunemedia.net FREEPORTGrand Bahama’s tenth murder victim has been identified as 57-yearold Cedric Joseph Williams, of South Bahamia, Freeport. Williams, who was shot late Monday evening at his resi dence, was taken to hospital but died early Tuesday morning. A motive for the shooting is not known. Police are appealing to the public for their assistance in solving this homicide. The victim, also known as “General,” is a well-known resident of Freeport. He had worked as a head Bellman for many years at the Royal Oasis Resort before it closed, in 2004. According to police reports, police received a call of a shoot i ng at Braemer Drive, South Bahamia sometime around 1 1pm on Monday. Police and EMS personnel were dispatched to the scene, where they found an adult male with a gunshot injury to the upper part of his body. The victim was taken to Rand Memorial Hospital, where he died around 3.15am Tuesday. Asst Supt Loretta Mackey said police are investigating the matter. Shooting victim identified XAVIENTTAYLOR

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By NATARIO McKENZIE T ribune Staff Reporter nmckenzie@tribunemedia.net FOR nearly two decades, the Gentleman’s Club has been responsible for the recognition and the further development of high-achieving young men in the Bahamas. To date, the club, which was founded by Dr Judson Eneas and his wife Marchetta Eneas, has graduated 690 ‘gents’, who have been awarded millions of dollars worth of college scholarships. With the programme now heading into its 19th year, Dr Eneas said that it is hoped that more schools will participate in the Gentleman’s Club and that the continued support from the community will assist in the further enhancement of the initiative which initially started with only 12 young men. The Gentleman’s Club workshops run from January to April 2010 and culminate with the Gentleman’s Club Ball on April 10, 2010. Deadline for applications is this Friday, November 6. For the most recent course, some 40 young men from both the public and private school sectors were selected by a special committee. The boys participate in a series of workshops designed to develop strong character as well as communication and networking skills. “It has been my experience a lot of times that young men are taught to shut up and not say anything, this is the one place where they speak and give their opinions. Most of our men arei n places now where they can give back to the community and are mentors,” said Mrs Eneas. Dr Eneas said: “It’s about character building and network building, we want to build men of character, so from the begin ning you will see a transformation. From the beginning to end you see the transformation process. We take what you have and try to take it to anoth er level. It’s more than getting some money for scholarships.” Dr Eneas said that the programme is trying to build an elite group of men, “because for too long we have celebrated mediocrity.” “We have been told that the Bahamas has lost its ambiance. So we really want to elevate our young men to a higher level because we feel that if our young men can advance, our society can advance,” he said. The couple said that they are often criticised by persons claiming that they are “helping the wrong boys.” “That’s not true. We have graduated through this programme 690 boys over the past 18 years and with all the scholarships we have provided and all the college scholarships we have been awarded, that’s well over $3 million worth of schol arships. So they can’t say we are helping the wrong boys. We are helping boys who may not have been given the opportu nity but were smart and did not have anyone to motivate them,” Dr Eneas said. The couple also noted that there are several schools that have programmes geared towards at-risk young men and have also chosen to refer to them as ‘gentleman’s clubs.’ Dr Eneas said: “The prob lem is that this prevents certain schools from sending boys to this programme because they think they already have the programme. We are not telling them not to help the young men, just change the name we own the name and the logo.” “We want to accept boys from every school that applies.I think there are about 30 schools we send out applications to and at the most we have had about 16 schools involved. There are some schools that aren’t sending anybody in, so we want to let them know that they need to get those applications,” he said. The Eneas’ said that they continue to receive support from colleges in the United States and are also being assisted by a local fraternity. “We have had unwavering support from some of the colleges in the United States and we are trying to solicit more support. “We are trying to get a few more colleges onboard, but Fisk, Morehouse and St John’s University have supported us with scholarships for our young men,” Dr Eneas said. He said that the club has also benefitted from the assistance of the Sigma Pi Phi Fraternity whose membership includes many prominent members of Bahamian society. “We have been able even during the recession to award sizable scholarships and so we are grateful for the support we have gotten from the community,” Dr Eneas said. C M Y K C M Y K LOCAL NEWS T HE TRIBUNE THURSDAY, NOVEMBER 5, 2009, PAGE 9 TO DISCUSS STORIES ON THIS PAGE LOG ON TO WWW.TRIBUNE242.COM Gentleman’s Club hosting ‘character building’ workshops I I t t h h a a s s b b e e e e n n m m y y e e x x p p e e r r i i e e n n c c e e a a l l o o t t o o f f t t i i m m e e s s t t h h a a t t y y o o u u n n g g m m e e n n a a r r e e t t a a u u g g h h t t t t o o s s h h u u t t u u p p a a n n d d n n o o t t s s a a y y a a n n y y t t h h i i n n g g , , t t h h i i s s i i s s t t h h e e o o n n e e p p l l a a c c e e w w h h e e r r e e t t h h e e y y s s p p e e a a k k a a n n d d g g i i v v e e t t h h e e i i r r o o p p i i n n i i o o n n s s . . Marchetta Eneas DR JUDSON ENEAS (right

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have had discussions and within a matter of weeks, at his convenience, he will make certain adjustments. "I will ultimately at that time, yes, I will be steppingo ut of Cabinet in order to f ully perform the functions of chairman of the party over the next 18 months, totwo years, to two and a half years until whenever the next election is called. At which time when the FNM will, God willing andw ith the help of the Bahamia n people, be restored to office I will of course look towards the resumption of my Cabinet responsibilities in some form or fashion that's decided by the prime minister," Mr Bethel toldt he media on the sidelines o f the FNM convention, minutes after he was elected as party chairman. Mr Bethel said he volunteered himself to be nominated as party chairman afterm ore than a month of disc ussions at the Cabinet level. "A number of names were discussed internally and through a process, a weeding out process. . .We ultimately arrived at a handful and at that point when it wasd own to two or three I said 'Look, I would volunteer my services for the good of the party.’ There were others who were prepared, but I stepped forward". Mr Bethel, who previously s erved as party chairman, s aid he does not see the m ove as a demotion but the chance for him to assist his p arty in the best way he can. I n order to avoid a repeat of the FNM's loss in 2002, he said it is critical for the party to keep an ear to the ground a nd ensure that the country knows how well the govern m ent is handling the current economic crisis. His first order of business as chairman is to improve communication at the part y's headquarters with a s trong focus on multimedia; t o address concerns of rank a nd file FNM supporters; and begin galvanising FNM f oot soldiers as the party prepares for the next election. M r Roberts, who a nnounced his plans to dismantle the FNM upon taking office, took Mr Bethel to task for his "failed" term as e ducation minister. " A word of encouragement to our devoted educators; the end of the month is b ut 24 days away and it ain’t long now," Mr Roberts said. C M Y K C M Y K LOCAL NEWS PAGE 10, THURSDAY, NOVEMBER 5, 2009 THE TRIBUNE TO DISCUSS STORIES ON THIS PAGE LOG ON TO WWW.TRIBUNE242.COM -RESSRUWXQLW\ BBBBBBBBBBBBBBBBBBBBBBBBB -RLQWKHURIHVVLRQDOHDP .HOVRHGLFDO/DERUDWRU\ 3+/(%2720,67 Johnley Ferguson will not be offering as a cand idate for chairman this time. I therefore beg to put the nomination in the name of Carl Wilshire Bethel," said Mr Ingraham as thec rowd broke out into thunderous applause. M r Ferguson who told T he Tribune h ours before the nomination process that he expected to win the chairmanship race seconded the n omination. Chairman candidate Ivoine Ingraham moved the motion to nominate Mr Bethelu nopposed in the "interest of party unity", he told the delegates. Although he put on a brave front at first, the "emotionally drained" candidate was later consoled by a supporter as he wept over the lost opportunity. Mr Ingraham who launched a public camp aign for the post several weeks ago told the media he put aside his pride and dropped out of the race. He conceded that due to the prime minister's endorsement of Mr Bethel's nomi n ation it would have been futile for him to battle for the post. "If the Prime Minister stands up, the Prime Minister that enjoys a great deal of support in t hat convention, and nominates someone I must be the greatest fool there is to waste my t ime and waste the convention's time to have them vote for a position that I really have absolutely no chance in winning," said Mr Ingraham, who said he was informed of the move to nominate Mr Bethel yesterday morni ng. C hairman-elect Carl Bethel said his main a im is to position the FNM to ensure its victory when the country returns to the polls. "It was the consensus view of the party leade rship that we really needed to in a sense take things up to another level and hopefully a lev-e l that will be effective in positioning the part y to face the next elections," he said on the sidelines of the convention, with Ivoine Ingrah am at his side. During the nomination process for party o fficers both Mr Ingraham and FNM deputy leader Brent Symonette were unopposed and elected to their respective posts to rousing applause, cheers and a standing ovation. H ighlighting anti-crime policies and initiatives that the FNM government have t aken, the Minister said, “Soon, when ordered by the courts, we will be electroni cally monitoring personsc harged with, or sentenced for, crimes who are not serving custodial sentences in HerM ajesty’s Prisons.” Mr Turnquest also spoke about Closed Circuit Televi sion (CCTVw hich are being launched in the downtown area and in the South-Eastern New Provi-d ence Division, saying, “As we advance this initiative, we say to criminals, lawbreakers and those that aid and abet them, ‘Smile, you may well be o n CCTV. We will tape you, and we will apprehend you.’” The Minister then encour aged Bahamians not to be p ermissive or compliant when those close to them commit crimes. We must be prepared, in c onfidence, to tell the police what we know,” he said. “We must tell the police who hast hat gun, before it is used to harm or kill somebody. We must tell the police where thatd rug house is in our neighbourhood. We must join neighbourhood watches. We must become our brother’s a nd sister’s keepers.” FROM page one Carl Bethel to step down as Minister of Education FROM page one T urnquest FROM page one Bethel elected FNM Chairman NEWLY-ELECTED FNM Chairman Carl Bethel speaks yesterday. F e l i p M a j o r / T r i b u n e s t a f f

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C M Y K C M Y K LOCAL NEWS T HE TRIBUNE THURSDAY, NOVEMBER 5, 2009, PAGE 11 TO DISCUSS STORIES ON THIS PAGE LOG ON TO WWW.TRIBUNE242.COM rant was issued for his arrest in the United States. According to the indictment, Cambridge conspired to “unjust ly enrich” himself “by obtaining fees for laundering purported f raudulent proceeds through Bahamian bank accounts” and “knowingly and wilfully” attempted to hide the real source of thousands of dollars which he was told were the proceeds of ille-g al activity. The attorney, who resigned as partner in the Bahamian law firm Calendars and Co. and treasurer of the PLP after firstb eing implicated in the criminal plot in September, was indicted along with one his three fellow co-defendants in the case, North Miami businessman Joel Williams. They were both charged with one count of conspiracy to commit money laundering and five counts of money laundering. If found guilty of the alleged crimes, 45-year-old Cambridge and Mr Williams could face a maximum of 20 years in prison anda $500,000 fine. Cambridge is accused of facilitating Broward County Commissioner Eggelletion and two others in their efforts to launder money in The Bahamas from what they believed to be a Euro pean investment fraud by setting up an international business company and a First Caribbean bank account for a percentage of the funds to be laundered. Eggelletion was indicted in September, and was since suspended from his public office. Eggelletion, Williams and another co-defendant, Ronald Owens, have all been released on bond. The men were implicated following a three year long Federal Bureau of Investigations (FBI in court in Fort Lauderdale, Florida, that federal investigators made 415 DVD and audio recordings during the course of the sting. Meanwhile, Bahamian financial services regulators launched their own review of the allegations against Cambridge to determine whether any Bahamian laws were violated. Ex-PLP of ficial seeks US court promise FROM page one THEFNMNATIONALCONVENTION FNMSUPPORTERS enjoy the atmosphere at yesterday’s convention. FNMDEPUTY LEADER Brent Symonette at the convention F e l i p M a j o r / T r i b u n e s t a f f

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By BRENT STUBBS A N interesting letter came into my email from a group of senior track and field athletes on the plight of the Bahamas Association of Athletic Associations' u pcoming annual general m eeting and their election of officers. The letter states that the athletes, both active and retired, felt it was time for them to weigh in on the salient event to elect a president for their prestigious organization, which has undergone many changes in recent times. Although the athletes declined to identify themselves, they made some criti cal point, which adds another dimension to the whole makeup of the BAAA or any of the other major sporting bodies for that matter. Where's the Athletes Representatives and why are they not allowed to participate in the election of their officers? Track and field has been the most vibrant sporting body with the highest profile on the international scene, yet the association has yet to make provisions for the voices of its athletes to be heard. With the elections sched uled for November 21, there's no time for the BAAA to meet and make amendments to include such a body. But there's still time for the association to hear the concerns of the athletes. While space won't allow for the publication of the letter in its entity, I wish to take this opportunity to point out these key aspects: "We will not be deceived with rhetoric and double stan dards," the athletes wrote. "How is it that one can aspire to reclaim leadership to an organization when the institution was overwhelmed with division and without a vision during the tenure of the ouste d leader? " This in our view portrays arrogance. Our firm and fervent desire is that any and all candidates vying to reclaim a position of leadership in the BAAAA should begin with open and honest confession of their former management of the institution." The letter further states that while the athletes knowt hey are not eligible to vote, they do feel they should have a voice in determining who is elected to run the affairs of the association. And they're right because, as they also stated, they have and are forced to maintain a high standard and likewise, they should only expect the same from the people who lead them. Let me state here that I'm not taking any sides, but I firmly believe that our leaders must realize that without the athletes, they won't have any organization to manage. If our athletes are not performing to the level that will enable them to qualify for the inter national meets, then there won't be the need for a national team to travel. I just think that more consideration must be given to our athletes and that's not just in track and field, but all sports, if we're going to continue to make the inroads that we've done so far. The BAAA just happen to be the one in the spotlight by RENALDO DORSETT S ports Reporter rdorsett@tribunemedia.net The defending champions continued to dominate in the Catholic Primary School L eague’s Basketball League yesterday, despite an off performance from their star player. With a balanced team effort, t he St. Bede’s Crushers r emained undefeated with a 413 win on the road yesterday over the St. Francis and Joseph’s Shockers. A drian Mackey led the Crushers with 16 points, while perennial leading scorer Kyle Turnquest chipped in with 11 and Gregory Cooper finished w ith eight. The Crushers led 6-1 at the e nd of the first quarter, with Mackey opening 3-3 from the f ield. The Shockers’ lone score of the half came from Paul Farquharson at the free throw line just before the end of the quart er. The Crushers defense did not g ive up a field goal the entire game, using a stifling defensive e ffort to widen their margin at the end of each quarter. Cooper scored the opening basket early in the second and both teams struggled offensively without a score until the final play of the half. Turnquest stole the inbound pass with eight seconds left and r aced downcourt for his first score of the game and gave his team a 10-1 lead at the half. With the regular starters on the court in the third, the Crushers opened with a halfcourt trap which continuously n etted turnovers and fastbreak baskets. T urnquest and Cooper outscored the Shockers 9-0 in t he quarter with Cooper scoring on the first two fastbreak basC M Y K C M Y K THURSDAY, NOVEMBER 5, 2009 THETRIBUNE PAGE 12 P AGE 13 & 14 International sports news TO DISCUSS STORIES ON THIS PAGE LOG ON TO WWW.TRIBUNE242.COM Rubin draws 0 -0 with Barcelona... See page 14 OPINION STUBBS ST Bede’s Crushers’ Kyle ‘Flash’ Turnquest attempts a dunk... Photo by Felip Major by RENALDO DORSETT Sports Reporter rdorsett@tribunemedia.net Day one of the GSSSA Volleyball Senior Championships proved to be a difficult outing for the C.C Sweeting Cobras as both teams lost the opening games of their respective series. In senior boys play the Cobras have much ground to make up if they hope to repeat as champions after a three set loss to the C.V. Bethel Stingrays, while the girls fell in straight sets to the defending champion C.R Walker Knights. The Stingrays overcame an opening set loss to take game one 19-21, 19-14, 15-12. The opening set was an equally played back and forth contest with neither team leading by more than two scores throughout. The set featured 11 ties and 11 lead changes with the Cobras getting the better of the Stingrays late in the set. The first tie came early in the set at 4, and the Cobras took the biggest lead of the set, 119 on a score by Gabi Laurent. Tied at 19, Roosevelt Whylly spiked home a score to give the Cobras a 20-19 lead and Kenvado Thomspon converted on the next play to take the first set. The second set proved to be a complete turnaround as the Stingrays raced out to a commanding 6-0 lead before the Cobras could reach the scoreboard. A bad serve ended the run for the Stingrays, but they maintained the six point advantage for much of the set. The Stingrays led 10-4 before the Cobras chipped into the advantage with a pair of kills by Whylly and a block by Thompson to bring them within three. C.V Bethel stayed ahead by four scores, before a final run won the set handily. Ahead 14-10, Tre Adderley scored on consecutive scores and the Stingrays’ defense forced a series of errors to take the second set by six points. In the third and deciding set, the Cobras appeared to be well on their way to a game one win, before the Stingrays defense once again stepped up and forced a rally. Jamon King became the hero, as he scored three of his team’s final four points of the set. The Cobras opened the set with a 4-0 lead, only to have the Stingrays answer with five scores of their own to take a 5-4 advantage. The Cobras led 8-5 heading into the side switch. The Stingrays again pulled ahead 10-9, and after a 10 all tie, King scored the first of his many clutch points down the stretch. King’s point sparked a 4-0 run capped by a soft dink at the net which dropped in for a 14-10 lead. Fittingly he spiked home the winner to give the Stingrays a 15-12 win in the set and match. Adderley led the Stingrays with 11 points while King added four. Laurent led the Cobras in a losing effort with nine. Play continues in both series today at the D.W Davis Gymnasium, beginning at 4pm. Difficult opening day for the Cobras St. Bede’s Crushers remain undefeated C ATHOLIC PRIMARY SCHOOL LEAGUE’S BASKETBALL LEAGUE St. Francis and Joseph’s Shockers flattened 41-3 SEE page 13 GSSS A V OLLEYB ALL SENIOR CHAMPIONSHIPS Athletes put the BAAAin spotlight SEE page 13

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By ANNE M PETERSON AP Sports Writer PORTLAND, Ore. (AP Jamal Crawford is happy with his new team and his new role. "This is the most fun I've had because I haven't had these kinds of athletes, ever. So it feels good," he said after scoring 27 points off the bench to lead the AtlantaHawks to a 97-91 victory over t he Portland Trail Blazers on Tuesday night. Al Horford's dunk with 56.6 seconds left made it 95-89 and all but sealed it for the Hawks. Horford finished with 11 points and 13 rebounds. LaMarcus Aldridge, who was questionable going into the game with a knee injury, led the Blazers with 20 points and 14 rebounds. Horford's dunk on a fast b reak put the Hawks up 86-80 with six minutes left in the fourth quarter. He momentarily stood underneath the basket, staring down the Rose Garden crowd in defiance after Portland led by as many as 12 points in the first half. Portland's Travis Outlaw made a jumper and a 3-point e r to narrow it to 86-85, but Crawford came back with a jump from the top of the arc with 4:01 left. A fter Outlaw closed in again with another jumper, Joe Johnson hit a 3-pointer to make it 91-89 for the Hawks. Andre Miller made a pair of free throws for Portland before Johnson's jumper and Horford's dunk with just under a minute left kept Portland at bay the rest of the way. Crawford, who was acquired by Atlanta in the offseason after splitting time b etween New York and Golden State last year, said he's adjusting to his reserve role. "I think it gives us good balance," he said. "We have a really, really strong starting five and we have a really good bench, so we try to balance both and make the best of it." The Hawks (3-1 ing the second of a four-game road trip. They fell 118-110 to the Los Angeles Lakers on Sunday. Aldridge played against the Hawks after he was knocked out of Portland's game Sunday at Oklahoma City with a bone contusion on his right knee. The Blazers (2-3 defeated the Thunder 83-74. The Blazers uncharacteristically fell to 1-2 last home. Last season they were 34-7 advantage at the Rose Gar den. "I feel like our level of play has got to go up," coach Nate McMillan said. "To win, we're not playing as hard as we need to win ball games." The Blazers and the Hawks split their series last season, with each team holding their own at home. Portland has won nine of the last 11 against Atlanta at the Rose Garden. The Blazers began to pull away late in the first quarter, capped by Brandon Roy's two-handed jam to make it 25-15. Greg Oden padded the lead to start the second with a d unk off a pass from Miller. But the Hawks came back, with a 14-6 run capped by Mike Bibby's 3-pointer to close to within 43-41. The Hawks narrowed it to 48-47 at the break. Atlanta was led by Crawford, who had 15 points in the quarter. "He was huge," said coach Mike Woodson. "He's a shotmaker. I haven't had a bigtime guy off the bench like that who can score the ball. Atlanta jumped up early in the second half but it was brief, marked by a Horford shot that came to rest on the space between the rim and the backboard. Portland came back to go up by as much as 64-56 after Steve Blake's 10-foot-jumper, but again Atlanta answered and led 72-69 at the end of three. Roy's step-back jumper tied it for the Blazers at 80, but the Hawks scored the next six straight, capped by Horford's fast break dunk, with an assist from Crawford, that made it 86-80. C M Y K C M Y K LOCALANDINTERNATIONAL SPORTS TRIBUNE SPORTS THURSDAY, NOVEMBER 5, 2009, PAGE 13 TO DISCUSS STORIES ON THIS PAGE LOG ON TO WWW.TRIBUNE242.COM N ASHVILLE, Tenn. (AP nerback Cortland Finnegan is fast, very fast. And he refuses to even think about racing teammate Chris Johnson. Not even for fun. “There’s some things you just don’t do,” Finnegan said with a smile. “A Ferrari and a Toyota Corolla will not race. I feel like I’ll be a Toyota Corolla. I’m not going to race a Ferrari.” J ohnson is the speedy second-year running back from East Carolina who is leaving defend ers in his wake. He’s leading the NFL in yards rushing (824 ping 6.9 average, and was the AFC offensive player of the week Wednesday for his franchiserecord 228 yards rushing in last week’s 30-13 win over Jacksonville. Call it arrogant, but Johnson said he hasn’t seen anyone match his speed measured at 4.24 seconds in a 40-yard dash yet in the NFL. “I’m not all about my speed. I can make people miss. I can break tackles,” he said. I t’s part of Johnson’s march to being one of the NFL’s best, and this season’s goal is 2,000 yards, which has been done only five times and not since Jamal Lewis in 2003. If he reaches that, Johnson plans to reward his linemen by buying them cars. He has topped 100 yards three times this season, and his 228 yards was the NFL’s best since Adrian Peterson rushed for 296 on Nov. 4, 2007, against San Diego. It was also the 16th best r ushing total since the NFL/AFL merger in 1970. Some running backs may have more touch downs than Johnson’s four, but each of his scoring runs has been longer than 52 yards, and he is busy rewriting the Tennessee record book, passing by names like Billy Cannon, Earl Campbell and Eddie George. Johnson has two of the franchise’s three longest TD runs with an 89-yarder and a 91-yarder both this season. “It feels real good to look at some of the guys who have played before me, then come in and break a record. But records are made to be broken,” Johnson said. Johnson leads NFL in rushing ORLANDO, Florida (AP Orlando Magic guard Vince Carter was sidelined against the Phoenix Suns on Wednesday night with a sprained left ankle. Carter was first injured Fri day against New Jersey. Magic coach Stan Van Gundy said Carter aggravated the ankle again Tuesday night versus Detroit. Carter’s status is day to day. The 32-year-old guard was Orlando’s biggest free agent splash this summer. The Magic acquired Carter from New Jersey in a trade that sent Courtney Lee, Rafer Alston and Tony Battie to the Nets. Orlando also received Ryan Anderson. Meanwhile, small forward Mickael Pietrus returned to the Magic’s lineup Wednesday after missing two straight games with flu-like symptoms. Magic’s Carter sidelined with injury Crawford leads Hawks to victory over Blazers G REG ODEN ( left) looks for an opening to the basket as Atlanta Hawks center Al Horford defends during the first quarter of their game in Portland, Oregon, on Tuesday night... (AP Photo: Don Ryan MAGIC guard VinceCarter goes down after injuring his ankle in the second quarter of a game against the New Jersey Nets... (AP Photo: Bill Kostroun kets from turnovers. Turnquest was 3-5 from the line in the third but missed several easy lay-ups at the basket which he would normally con vert. The Crushers led 19-1 at the end of the third quarter. The fourth was the most productive scoring quarter for St. Bede’s as they outscored St. Francis and Joeseph’s 22-2. Malik Jones opened the scoring on the opening possession with a baseline jumper. Mackey was again the team’s catalyst, dominating the offen sive boards, and scoring 10 points in the quarter. Leading 36-1, Johnathan Finlayson converted two free throws at the line for the Shockers for their only scores of the half. because their elections is on the horizon. But whenever you have athletes speaking out about your organization, I think it's time to take note. ROBINSON SUPPORT Tommy Robinson has been the name of track and field for a long time. He's still being remembered for his sole rep resentation on the international scene and his name is inscribed on our national track and field stadium. But in recent years, Robinson has been sidelined with stomach cancer and has reportedly mounted a hugh financial bill and the Bahamas Association of Athletic Associations is coming to his rescue. At age 71, Robinson has been the sporting ambassador for the country and now it's time for the country to show their gratitude in a tangible way once again. I say once again because in July, a committee called "Friends of Tommy Robinson" hosted a gala luncheon in his honor. The public should be commended for the turnout. On Saturday, December 12, the public is once again being called upon to help Robin son. This time it's true a 20 Mile Fight for Cancer Relay Health Run. It's a new initiative, but I feel it's one that can really catch on and make an impact in our country as competitive and non-competitive athletes come together and compete for a wor thy cause. It's not every day that this type of appeal is made. But Robinson is not your ordinary person. He has served as a great ambassador, a mentor and a supporter for many of our athletes. Let's rally around and give Robinson our support in this venture. HAPPY BIRTHDAY SEA WOLF Another remarkable Bahamian is in the spotlight. On Monday, Sir Durward 'Sea Wolf' Knowles celebrated another milestone, his 92nd birthday. But if you see him, he certain ly doesn't look that old. Maybe it's because of Knowles' generosity, commitment and dedication to the Bahamas, not just in sports, but just about every aspect that he has been invited or willingly supported. We want to congratulate Knowles and wish him every success in the future. FROM page 12 BAAA in the spotlight STUBBSOPINION FROM page 12 The Crushers remain undefeated

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C M Y K C M Y K INTERNATIONAL SPORTS PAGE 14, THURSDAY, NOVEMBER 5, 2009 TRIBUNE SPORTS TO DISCUSS STORIES ON THIS PAGE LOG ON TO WWW.TRIBUNE242.COM Rubin draws 0-0 with Barcelona By DAVID NOWAK Associated Press Writer KAZAN, Russia (AP Rubin Kazan held off the constant attacking of defending champion Barcelona to earn a 0-0 draw Wednesday in the Champions League. B arcelona dominated possession but lacked sharp finishing against Rubin's disciplined defense, leavingt he two teams with five points each in Group F. The visitors came closest a fter only two minutes, when Zlatan Ibrahimovic c urled a shot past goalkeeper Sergei Ryzhikovo nto the outside of the post after a precision through p ass by Xavi Hernandez. Rubin substitute Alexander Bukharov had the hosts' best chance in the 79th. Vic-t or Valdes ran out of the B arcelona goal to smother his shot. The match was played in freezing conditions in Kazan, the capital of thea utonomous Tatarstan r epublic. After Ibrahimovic's miss, Xavi's chip from 20 meters (yards of the net in the 19thm inute. A minute later, M essi dribbled past two defenders but Ryzhikov dived at the Argentine's feet to steal the ball. C arlos Puyol blocked a low drive from Ecuadorea n midfielder Chistian Noboa in the 25th, while Messi struck a fierce shot from 20 meters (yardsb ounced just wide seconds later. A rgentine striker Alejan dro Dominguez was a nui s ance for the Barcelona defense, jinking past sever a l players in the 31st minute before losing the ball from s ome tight marking inside the box. R yzhikov saved twice again before the break,f rom Andres Iniesta and Ibrahimovic. Barcelona was less potent in the second half withR ubin's defenders, undaunted by their illustrious opponents, calmly dealing with cross after cross. Yaya Toure struck a s tinging drive from 30 meters (yards b reak that Ryzhikov par ried for his defense to clear. I niesta skipped past two defenders and into the boxb ut shot wide in the 54th, while Xavi sliced a long shot p ast the post in the 67th. A rare Rubin attack in t he 69th ended in Dominguez shooting weakl y for the ball to bobble wide. F ive minutes later, Dominguez played Alexand er Bukharov through but the substitute could only c hest the ball down into the arms of Valdes. B arcelona substitute Thierry Henry shot widew hen put through by Lionel Messi in the 90th minute FC BARCELONA’S Carles Puyol (left during their Group F Champions League match in Kazan, Russia, yesterday... (AP Photo: Sergey Ponomarev 52wk-Hi52wk-LowSecurit y Previous CloseToday's CloseChangeDaily Vol.EPS $Div $P/EYield 1.711.03AML Foods Limited1.171.170.000.1270.0009.20.00% 11.809.90Bahamas Property Fund10.7510.750.000.9920.20010.81.86% 9.305.90Bank of Bahamas5.905.900.000.2440.26024.24.41% 0.890.63Benchmark0.630.630.00-0.8770.000N/M0.00% 3.493.15Bahamas Waste3.153.150.000.1250.09025.22.86% 2 .372.14Fidelity Bank2.372.370.000.0550.04043.11.69% 14.209.92Cable Bahamas9.929.920.001.4060.2507.12.52% 2.882.72Colina Holdings2.722.720.000.2490.04010.91.47% 7 .505.26Commonwealth Bank (S1)5.745.740.000.4190.30013.75.23% 3.851.27Consolidated Water BDRs3.002.88-0.120.1110.05225.91.81% 2.851.32Doctor's Hospital2.252.250.001,5000.6250.0803.63.56% 8.206.28Famguard6.506.500.000.4200.24015.53.69% 12.508.80Finco9.309.300.000.3220.52028.95.59% 11.719.87FirstCaribbean Bank9.879.870.000.6310.35015.63.55%5 .534.11Focol (S)4.344.340.0019,2360.3260.15013.33.46% 1.001.00Focol Class B Preference1.001.000.0040,0000.0000.000N/M0.00% 0.450.27Freeport Concrete0.270.270.000.0350.0007.70.00% 9 .025.49ICD Utilities5.595.590.000.4070.50013.78.94% 1 2.009.95J. S. Johnson9.959.950.000.9520.64010.56.43% 10.0010.00Premier Real Estate10.0010.000.000.1560.00064.10.00% 52wk-Hi52wk-LowSecuritySymbolLast SaleChangeDaily Vol. 1000.001000.00Fidelity Bank Note 17 (Series A) +FBB17100.000.00 1000.001000.00Fidelity Bank Note 22 (Series B) +FBB22100.000.00 1000.001000.00Fidelity Bank Note 13 (Series C) +FBB13100.000.00 1000.001000.00Fidelity Bank Note 15 (Series D) +FBB15100.000.00 52wk-Hi52wk-LowSymbolBid $ A sk $Last PriceWeekly Vol.EPS $Div $P/EYieldFINDEX: CLOSE 789.77 | YTD -5.40% | 2008 -12.31%B ISX LISTED & TRADED SECURITIES AS OF: Fidelity Over-The-Counter Securities30 May 2013 29 May 2015 W WW.BISXBAHAMAS.COM | TELEPHONE:242-323-2330 | FACSIMILE: 242-323-232019 October 2022 Interest Prime + 1.75% Prime + 1.75% 7%WEDNESDAY, 4 NOVEMBER 2009B ISX ALL SHARE INDEX: CLOSE 1,484.79 | CHG -0.13 | %CHG -0.01 | YTD -227.57 | YTD % -13.29BISX LISTED DEBT SECURITIES (Bonds trade on a Percentage Pricing bases)Maturity 19 October 2017 7% 14.607.92Bahamas Supermarkets10.0611.0614.00-2.2460.000N/M0.00% 8.006.00Caribbean Crossings (Pref2.006.254.000.0000.480N/M7.80% 0.540.20RND Holdings0.350.400.350.0010.000256.60.00% 41.0029.00ABDAB30.1331.5929.004.5400.0009.030.00% 0.550.40RND Holdings0.450.550.550.0020.000261.900.00% 52wk-Hi52wk-LowFund NameNAVYTD%Last 12 MonthsDiv $Yield % 1.40381.3344CFAL Bond Fund1.40383.725.20 3.03502.8952CFAL MSI Preferred Fund2.8300-3.75-6.75 1.49571.4226CFAL Money Market Fund1.49574.305.13 3.53992.9759Fidelity Bahamas G & I Fund2.9759-12.10-17.54 13.175112.3870Fidelity Prime Income Fund13.17514.425.86 103.0956100.0000CFAL Global Bond Fund103.09563.102.52 100.000099.4177CFAL Global Equity Fund99.41773.122.76 1.00001.0000CFAL High Grade Bond Fund1.00000.000.00 10.588410.0000Fidelity International Investment Fund10.58845.885.88 1.07571.0000FG Financial Preferred Income Fund1.07573.865.30 1.03641.0000FG Financial Growth Fund1.0305-0.240.22 1.07091.0000FG Financial Diversified Fund1.07093.244.54 BISX ALL SHARE INDEX 19 Dec 02 = 1,000.00YIELD last 12 month dividends divided by closing price 52wk-Hi Highest closing price in last 52 weeksBid $ Buying price of Colina and Fidelity 52wk-Low Lowest closing price in last 52 weeksAsk $ Selling price of Colina and fidelity Previous Close Previous day's weighted price for daily volumeLast Price Last traded over-the-counter price Today's Close Current day's weighted price for daily volumeWeekly Vol. Trading volume of the prior week Change Change in closing price from day to dayEPS $ A company's reported earnings per share for the last 12 mths Daily Vol. Number of total shares traded todayNAV Net Asset Value DIV $ Dividends per share paid in the last 12 monthsN/MNot Meaningful P/E Closing price divided by the last 12 month earningsFINDEX The Fidelity Bahamas Stock Index. January 1, 1994 = 100 (S) 4-for-1 Stock Split Effective Date 8/8/2007 (S1) 3-for-1 Stock Split Effective Date 7/11/2007TO TRADE CALL: COLINA 242-502-7010 | ROYALFIDELITY 242-356-7764 | FG CAPITAL MARKETS 242-396-4000 | COLONIAL 242-502-752531-Aug-09 30-Sep-09 31-Dec-07 30-Sep-09 30-Sep-09 23-Oct-09 30-Sep-09MARKET TERMS30-Sep-09Colina Over-The-Counter Securities BISX Listed Mutual Funds30-Sep-09 30-Sep-09 30-Sep-09 30-Sep-09 NAV Date BROOKSVILLE, Flori da (AP mer NBA referee Tim Don a ghy was a free man on Wednesday after serving m ost of a 15-month sentence in a gambling scandal. P at Berdan, a consultant working with Donaghy, saidh e was released from Her nando County Jail in Florid a, where he had been held since August after officials s aid he violated travel restrictions while living at ah alfway house in the Tampa area. A New York judge sen tenced the former referee in J uly 2008 after Donaghy said he took thousands of dollars from a professional gambler in exchange for inside tips on NBA games including games he worked. The 42-year-old pleaded guilty to conspiracy to engage in wire fraud and transmitting betting information through interstatec ommerce in the tips-forpayoffs scheme. D onaghy served 13 months of the sentence. D uring his stay in prison, he wrote a tell-all book "Blow i ng The Whistle," that does not yet have a publisher. E xcerpts posted online include accusations of w agering between officials working games, favoritismt oward star players, and desires by the league to extend playoff series. The NBA has said it will r eview the allegations that appeared on the Web site deadspin.com. Executive Prison Consultants, a consulting agency working with Donaghy, has said the former referee plans to seek a job in sales or mar keting. Ex-NBA ref is released from jail FORMER NBA REFEREE Tim Donaghy leaves Brooklyn federal court following his sentencing in New York. Donaghy was a free man yesterday after serving most of a 15-month sentence in a gambling scandal. (AP Photo

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C M Y K C M Y K LOCAL NEWS THE TRIBUNE THURSDAY, NOVEMBER 5, 2009, PAGE 15 TO DISCUSS STORIES ON THIS PAGE LOG ON TO WWW.TRIBUNE242.COM THE Burns House Group of Companies and Kalik Beer have committed to supporting four major junkanoo groups in their fundraising efforts by hosting Junkanoo 4.0: The Ultimate Fan Festival . This four-event series will take place at the Butler & Sands grounds, and feature the Saxons on November 7, the Valley Boys on November 14, One Family on November 28, and the Roots on December 5. On its featured night, each group will perform a show-time hour, in addition to a rushout performance. Junkanoo fans can expect to see the groups exhibiting at their very best, as they fine tune their shows for the upcoming Boxing Day and New Years Day parades. The gates will open at 6pm, with entrance fees set at $5 before 8pm, and $10 after. Gate proceeds will aid the featured group of the night. Kalik Beer, whose name is derived from the “kalik, kalik, kalikin” sound of cowbells used in junkanoo, has supported the development of the festivals and various other aspects of Bahamian culture for the last 21 years. LeRoy Archer, managing director of Burns House, noted that, “With groups finding corporate entities unable to contribute what they would have in better economic times, we are extremely happy that we have figured out a way to help junkanoo groups help themselves. “These events will essentially help the groups make it to Bay Street, while at the same time, provide world class entertainment in a safe environment.” In addition to the junkanoo performance, food and drinks will be on sale. Junkanoo 4.0: The Ultimate Fan Festival has been endorsed by Minister of State for Culture Charles Maynard, and Bahamians, residents and tourists alike are being encouraged to attend. The Burns House Group reminded attendees to drink responsibly. Burns House and Kalik support junkanoo groups PICTURED are representatives from the participating junkanoo groups along with representatives form the B urns House Group and the Department of Culture. Seated (l to r B urns House; Charles Maynard, Minister of State, Department of Culture; Wendell Seymour, corporate relations manager, Burns House. Standing (l-r ty, One Family; Shameka Johnson, Miss Cultural Bahamas; Les Johnson, The Roots; Davon Brennen, The Valley Boys. Junkanoo Fan Festival kicks off at the Butler & Sands Grounds on November 7

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By NEIL HARTNELL Tribune Business Editor B AF Global Group, the parent ofB ahamasbased financial servicesp rovider British American Financial, y esterday said i t had grown i nto a business containing well over” $100 million in assets and “just under” 100,000 policyholders throughi ts acquisition of British A merican Insurance Company (Cayman in the Bahamian firm’s regional and international expansion. Chester Cooper, BAF G lobal Group’s chairman, and president/chief executive of British American Financial, told Tribune Business from the Cayman Islands that the move to purchase British A merican Insurance Compan y (Cayman managers, KPMG, represent ed “the first step in our r egional strategy”. Mr Cooper described the acquisition as “very positive” f or British American Financ ial and BAF Global’s Bahamas interests, saying there was “a real possibility”t hat some of the Cayman operation’s back office functions would be outsourced b ack to the Bahamas. This, Mr Cooper told Tribune Business, had been C M Y K C M Y K SECTIONB business@tribunemedia.net THURSDAY, NOVEMBER 5, 2009 THETRIBUNE $4. 68 $4. 51 $4. 69The information contained is from a third p arty and The Tribune can not be held r esponsible for errors and/or omission from the daily report.$ $3.97 $4.25 $4.25 B y NEIL HARTNELL Tribune Business Editor PUBLIC sector unions m ust “hold the line” on pushing for salary increases in upcoming industrial negotia t ions to keep inflation and the public finances under control, a leading Bahamian accoun tant said yesterday, as heu rged the Government to include productivity clauses to combat this nation’s rela t ively low output per worker. Raymond Winder, Deloitte & Touche (Bahamas aging partner, said the Intern ational Monetary Fund’s (IMF B ahamian inflation would fall to 1 per cent in 2009 and just 0.2 per cent in 2010, com-p ared to 4.5 per cent last year, could be jeopardised by the ‘cost-push’ effects of increasedw age settlements with public s ector unions. Referring the possibility of industrial action by the Union o f Tertiary Educators of the Bahamas (UTEB lege of the Bahamas (COBM r Winder said increased wage settlements with public sector unions helped raise thec ost base for utilities and othe r government-run agencies. ‘Hold the line’ over public sector wages * Salary increases could jeopardise IMF’s inflation targets * Government urged to hold down industrial agreement settlements to keep inflation and public finances under control, and recovery on course * Productivity ‘out of line’ with per unit of labour output costs, says top accountant S S E E E E p p a a g g e e 1 1 1 1 B B By NEIL HARTNELL T ribune Business Editor THE Government was yes terday urged to privatise the P ost Office, an ex-Bahamas Chamber of Commerce pres ident telling Tribune Business t hat inefficiencies in handling mail and the early closures caused by non-functioning air conditioning systems werea dding to the “costs of doing business”. Returning to the theme that t he Government should get out of running and owning businesses, Dionisio D’Aguilar, Superwash’s pres-i dent, said delays in the sending and receipt of return mail, especially for companies send ing out bills and receiving payments, caused accounts receivables problems and added to business costs. These delays, he added, also impacted consumers, as they sometimes did not receive bills from institutions such as the banks and the utility companies until after the due date. Suggesting that the Post Office and its functions did not seem to be important to the Government, with the administration “not interested in it”, Mr D’Aguilar suggested that the agency either be outsourced to a private sec tor management who would operate it, or privatise it altogether. Although the Government w as unlikely to earn a huge sum of money from sellingoff the Post Office, Mr D ’Aguilar said: “Perhaps it’s something you could priva tise. Give someone a contract t o run it, and set performance g uidelines for them. “Privatise the Post Office. You would have a lot more f lexibility to innovate and get rid of dead weight.” Many developed world nations, sucha s the UK and US, have already privatised formerly nationalised post offices andm ail delivery systems, such as Britain’s Royal Mail, handing them over to private sector managers and owners who have increased efficiency by computerising them. “It seems to be in distress; it’s not working,” Mr D’Aguilar said of the Post Office. “The way we conduct business in this country is still very much send me a bill, send you a cheque, and we need a Post Office for that to happen. “So if you are a business that requires the sending out of bills, the Post Office is an integral component of doing business, especially if you are in the accounts receivables Post Office privatisation called for S S E E E E p p a a g g e e 3 3 B B S S E E E E p p a a g g e e 8 8 B B Bahamas financial group’s ‘first step’ in regional growth * British American Financial acquires Cayman operation from receivers, giving enlarged group ‘well over’ $100m in assets and almost 100,000 policyholders collectively * $2.5m infrastructure investment in Bahamas set to pay-off for Bahamian interests via back office outsourcing from Cayman * Bahamian company exploits CL Financial difficulties to b egin regional/international growth plan C OOPER B y CHESTER ROBARDS Business Reporter crobards@tribunemedia.net A group of young Bahamian businessmeny esterday told Tribune B usiness they are developing one of the most innovative and environmentally-friend-l y gated subdivisions in New Providence, sparing no expense on the latest techn ology in erecting the $20 million South W est Ridge Tuscan Shores Community. Anthone Deveaux, chairman of Green Thumb Investments, parent comp any of Tuscan Shores Development Company, said the community wasd eveloped with single family homes in mind, especially with professional mothe rs seeking security and comfort. W ith the western district of New Providence producing a mass of new comm unities, these entrepreneurs said they h ave moved to produce a gated community with the old-world feel of Cen-t ral Italy, the latest in communication infrastructure and some of the most environmentally secure acreage of any other community. The men secured the services of a Bahamian botanist for the purpose of saving and integrating indigen ous trees and vegetation. “We as a company take pride in being m ore like land architects than land b utchers,” said Mr Deveaux. According to him, residential lots are 6 5 per cent sold out and infrastructure is 8 0 per cent complete. Fibre optic cable has been laid throughout the community to facilitate t he latest in communications, including c able television, Wi-fi and telecommunications, in order to cater to the young professional market. And the fibre optic t echnology will be used to integrate t riple play packages that bundle cable television, Internet and telephone services coming online in this country. S hareholder Kelvin Leach said the f ibre optic cabling will also allow for a s tate-of-the-art security system to fortif y Tuscan Shores. We are the first community in Nassau using fibre optic technology in the infrastructure,” he said. Tuscan Shores will also feature underground electrical facilities in order to protect the community during stormsa nd maintain its aesthetic landscape. M r Deveaux said paving of the 10a cre property could begin next month, while buildings will start to go up near the end of December and early next year. The group hopes to have the commun ity completed by early 2013, but due to the current economic conditions apply i ng brakes to certain aspects of the proj ect, construction could continue on into 2015. Peter Baskin, the civil engineer with t he group, said at the height of construction the site could create 50 to 60p ermanent jobs. As a fully Bahamiano wned company, Green Thumb Investm ents has made sure to employ a full compliment of Bahamian firms to design and complete the Tuscan Shores Project. Designers have incorporated grand g reen spaces with the community, going a bove and beyond the Ministry of Works’ requirements, with a common pool facility, tennis courts and a child ren’s play area. T he group hopes to also integrate as many alternative energy sources as possible, including solar street lighting. We want to be as environmentally f riendly as possible and put in as much a lternative energy sources as we can i mplement,” said Mr Deveaux. “We h ave a responsibility to the environment.” Lots in the community will begin at $119,000, while the 1,500 square foot, two-bedroom town homes will start at $295,000 and 1,800 square foot three-b edroom at $295,000. A ccording to the group, the square f ootage of their town homes and houses are larger than most communities currently being built. And construction of houses will be held to strict building codes that must be approved by a homeo wners association. All of the buildings and surrounding community will have European flare mixed with a little i sland flavour”. The men said they chose the Westridge area because of its proximity t o the burgeoning western district, the airport and downtown. Tuscan Shores isn estled in the middle to upper-class c ommunity of West Ridge. We’re the future of the Bahamas and that comes with the responsibility to construct a world class development at any level,” said Mr Leach. $20m project 65% ‘sold out’

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B y Audrey Ingram R oberts THE National Energy Policy Committee’s first report provides some insight into the challenges involved in formulating such a policy for the Bahamas. The policy’s vision statement should indicate an aim for the Bahamas to become a low carbon economy by some point in this century. It should inform the public of when the goal will be reached; what constitutes “low”, given our prevailing realities; and how that goal is to be achieved. The report suggests that it is through pilot studies that these metrics will likely be generated (once smart indicators have been identified, I suppose). Nonetheless, it is important that a policy communicates a robust vision of a changed future regarding energy. Additionally, the policy should stimulate enthusiasm for a shared vision by all stakeholders. A clear energy policy framework will help stakeholders appreciate what is involved in transitioning from high to low carbon status, and indicate the value added to our society and our environment in achieving this. There are compelling reasons why the Bahamas must become a low carbon economy. Those reasons have to do with climate change, the changing economic climate and our sustainable development objectives. Energy is the pivot. It is both a threat to, and opportunity, for attaining sustainable development. How we reduce the threat or augment the opportunities depends much on our willingness to take responsibility for how we consume energy now, and how much we are prepared to change at the micro level where, as individuals we live our daily lives, as well as at the macro levels of social and economic policy. The Committee’s report said that formulation of a Conservation Policy will follow the Energy Policy. That’s linear planning, in my view. Our environment is at the epi centre of all the compelling reasons why the Bahamas’ goal must be to become a low-carbon economy. It therefore has to embark upon a structured transition process to reach and sustain that goal. Rather than following on the heels of the energy policy formulation process, conservation is itself a crucial pillar of the energy policy framework, and should be embedded as a platform for action towards the fulfillment of a robust energy policy. Transitioning to a low carbon economy “There are complex policy challenges involved in managing the transition to a low carbon economy, and in ensuring that societies can adapt to the consequences of climate change that can no longer be avoided.” So says the Stern Review, commissioned by the British government on the economics of climate change in a publication released in 2006. The truth of that statement is meaningful for the energy policy formulation exercise currently underway in our country. The United Nations’ 2007/2008 Human Development Report announced that if all countries were to emit carbon dioxide at levels similar to the Bahamas, the world would exceed its current CO2 output by over 200 per cent. Although small in geographic size, the Bahamas’ emission levels per capita are above those of all other Latin American and Caribbean countries with a similar population size. (Tribune editorial on Thursday, December 13, 2007) The operative term in the statement is ‘per capita’, suggesting that each citizen and resident of the Bahamas makes a heavy carbon footprint on the environment. The statement challenges us to build a low carbon economy, and we are foolish if we think the challenges are before us and not within us. Unfortunately, the tone of the National Energy Policy Committee’s report is that the journey is before us, even outside us in sector studies, data gap analysis, upgrading the regulatory framework, implementing new energy technologies and the like. Undoubtedly, these are required technical activities in policy formulation, but do they give us any urgency to confront how we each personally impact upon the environment and own the changes we each must make? Hardly! Every journey starts with an understanding of where we are, and where we are now is on the fossil fuel platform. Among the questions that consumers often ask are: How long do we have to stay on this costly platform? Why can’t we step faster on to the renewable platform? When will the legislation be in place that permits us to step from the fossil fuel platform to the renewable, without risk of breaking the law? Overall, the Bahamas wants to get at the high fruits of alternative and renewable energy. The committee’s report is responsive to such aspirations. However, the point is this. The energy architecture to support those liberating, higher hanging fruits is still fossil fuel-based electricity, and will remain so for some time. That is the reality of where we are. Retrofits and energy efficient technologies – ‘the low hanging fruits’ are important instruments in the transition process, especially those world-class products that have been designed to perform in the context of the existing energy platform. But there are questions not asked often enough by con sumers, such as: What can we do now to efficiently manage our energy consumption? How can we save money, save energy and save our environ ment? Transitioning to a low carbon economy is an endeavor that combines conservation measures with energy efficient technology. You cannot save what you cannot measure. Measurement is the first step in taking responsibility. Wew ouldn’t think to drive cars without dashboards. By knowing the distances to be driven, the amount of petrol required, and time it will take, including peak traffic times, we take control. Yet the mea-s urement of the energy we c onsume is determined only by BEC’s meters – informa tion we get after the fact in our electricity bills. World-class energy moni tors with web-based dashboards are on the market. They show you instantaneous and logged data of energy usage, enabling you to take C M Y K C M Y K BUSINESS PAGE 2B, THURSDAY, NOVEMBER 5, 2009 THE TRIBUNE TO DISCUSS STORIES ON THIS PAGE LOG ON TO WWW.TRIBUNE242.COM Sponsored By TheBeautyTour09P resented ByBringingTM beauty to YouM Nov7th-Nicoles Beauty Supply (FloridaCourt)2pm-6pm Nov17thUniversalBeauty Supplies(CarmichaelRd)2pm-6pm Nov20th-OneStop#1Beauty Supplies(BernardRd)2-6pm Nov21stNicoles Beauty Supplies(EastStreet)2-6pm Nov28-DreamGirlsBeauty Supplies (villageRd)2-6pm Nov28thInspirationBeauty Depot(ABACO)12-6pm Dec3r d-StardustBeauty Supplies 4-6pm Dec5t hMonts beauty Supplies 2-6pm Dec5thEleuthraShoppingCenter12pm-6pm Dec11thStepIntoFashion(BlueHillRd)2-6pm Dec12thBeautyShack2-6pm Dec18thDreamGirls Beauty Supplies (Rosetta)2pm-6pm Dec19t hUniversalBeauty Supplies (EastStreet)10am2pm Dec19thniqueHair&Nails Salonpm-6pm Dec23rdNicoles Beauty Supplies FloridaCourt2-6pm National energy policy must be more robust S S E E E E p p a a g g e e 1 1 4 4 B B

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C M Y K C M Y K BUSINESS T HE TRIBUNE THURSDAY, NOVEMBER 5, 2009, PAGE 3B TO DISCUSS STORIES ON THIS PAGE LOG ON TO WWW.TRIBUNE242.COM T o adver tise in The Tribune the #1 newspaper in circulation, just call 502-2371 today! business. You need an efficient, working Post Office tos end out the bills, for the c lient to receive the bill, cut the cheque and send it to you in the mail. “People that need to send out lots of bills need to know it’s working. You need an effi-c ient, working post office to conduct your business.” Mr D’Aguilar said it seemed as if the Post Office was a forgotten, neglected arm of government, and pointed out that it “makes thec ost of doing business more i f you have to run around picking up cheques from clients. “The time it takes to deliver mail from the General Post Office to the satellite post offices is like going to New York and back.” M r D’Aguilar said the mail was still the preferred com munications means for sendi ng out bills, and receiving payments and receipts, since it was “cumbersome” to put a h ost of charges and their b reakdown in an e-mail mess age. And e-mail messages were frequently forgotten a bout or accidentally deleted, unlike physical mail that was hand-delivered or sent in thep ost. The Post Office is still the cheapest form of inter-island delivery around the Bahamas,” he added. “Mail still has a function, and we can’t negate it for the pur p oses of doing business.” Post Office privatisation called for F F R R O O M M p p a a g g e e 1 1 B B INSIGHT For stories behind news, read Insight Mondays By NEIL HARTNELL Tribune Business Editor ALTHOUGH hopes that world-renowned casino devel-o per/operator Foxwoods w ould take over management of Our Lucaya’s resort and casino have been placed on the backburner “for them oment”, the minister of t ourism and aviation said yesterday that such an “integrated management” deal remained the “ultimate object ive” for Freeport’s leading h otel property. V incent Vanderpool-Wall ace told Tribune Business that the Government had to f all back on its second choice t o operate Our Lucaya’s casin o, Treasure Bay, when it b ecame clear that the resort’s owner, Hutchison Whampoa, and Foxwoods would be unable to reach agreement b efore the existing operator, I sle of Capri, left at month’s end. W ithout a replacement operator, that would have left some 235 casino employees jobless, a scenario unthinkable to the Government with u nemployment nationwide and in Grand Bahama especially already running ata round a likely 20 per cent rate. However, Mr VanderpoolW allace said the Government was still focusing on a “Fox woods-type deal”, where the resort and casino were man a ged by the same sole operator, as the ultimate s0lution for Our Lucaya. “We have always said from the beginning that Treasure B ay would be more suucessful, and any casino operator would be more successful, tot he degree that we have integrated management of the resort and casino [at OurL ucaya],” Mr VanderpoolWallace told Tribune Business. Working We are already working c losely with Treasure Bay to effect that........That is our ultimate goal, integrated man-a gement of the resort and casino as one.” When asked why the Foxw oods deal had seemingly b een taken off the table, the Government deciding to go with its second option of T reasure Bay, Mr Vander pool-Wallace said: “It was very clear that some of theo ther options being conside red would take a much longer time that allowed by t he need of Isle of Capri” to exit its Our Lucaya operation by end-October, as its Board of Directors had committedt o. “Treasure Bay was better able to accommodate what we needed to do in a shorter peri od of time,” the minister told Tribune Business. “That’s not to suggest in any way that we d o not have the utmost confidence in the capacity of Treasure Bay to do an outstandingj ob. “We’re already talking to them about what we want toa ccomplish.” Mr Vanderpool-Wallace implied that having separate resort and casino operators at Our Liucaya had been detrimental to the property’s perf ormance because the two s ides had effectively been pulling in two directions, the resort manager focusing onf illing rooms and making sure they were paid for, and its casino counterpart zeroing in o n high-roller players. Casinos that are completely integrated into our resorts fare far better,” Mr V anderpool-Wallace said, telling Tribune Business that the Ministry of Tourism, casi-n o operators and Hutchison W hampoa were all at one in agreement on this issue. This is an objective we all share in common,” Mr Vanderpool-Wallace said of the need for integrated manage m ent. “It’s a matter of how we get there. That’s the hurdle to be overcome, but we’ve not lost sight of the objective.” Foxwoods off table ‘for the moment’ But minister says all Our Lucaya parties agree on need for integrated resort/casino management

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By MARTIN CRUTSINGER AP Economics Writer WASHINGTON (AP The Treasury Department now expects to hit the government’s debt limit in December, two months later than its initial estimate, after scaling back an emergency loan program as the financial crisis abated. Treasury Department officials said Wednesday they’re working closely with Congress to pass the legislation needed to boost the debt ceiling, currently at $12.1 trillion, and avoid an unprecedented default on the nation’s debt obligations. Treasury also announced it is ending sales of 20-year inflation-protected securities and will offer similar 30-year securities starting next year. The government believes the longer maturity option will be more popular with investors. The legislation to increase the debt limit is expected to trigger a congressional debate over the government’s soaring deficits, which are projected to add another $9 trillion to the debt burden over the next decade. The government initially estimated the debt ceiling would be hit last month, but in September it reduced one of the many emergency borrowing programs to $15 billion, from $200 billion. That cleared more room for the government’s other borrowing needs. Congress still faces the need to boost the debt limit by around $1 trillion. Some senators have said they will not support that action unless it is linked to the creation of a commission that would force C M Y K C M Y K BUSINESS PAGE 4B, THURSDAY, NOVEMBER 5, 2009 THE TRIBUNE TO DISCUSS STORIES ON THIS PAGE LOG ON TO WWW.TRIBUNE242.COM KHUOOH\#EHOOVRXWKQHW 38%/,&,&( 52$'$)),& '(3$570(17 KHUHE\DGYLVHWKDWDOO SHUVRQVFRPSDQLHVZKRKDYH QRWUHJLVWHUHGWKHLU2Q 7ULDOSODWHVIRUWKH\HDU WRFRPHLQDQGUHJLVWHU WKHLUSODWHV'HFHPEHU )DLOXUHWRKDYHSODWHV UHJXODUL]HZRXOGUHVXOWLQ UHFDOORIDOOGHOLQTXHQWSODWHV LQDFFRUGDQFHZLWKWKH5RDG 7UDIF$FW&KDSWHU6HFWLRQ &21752//(5 N O T I C E in preparation for the upcoming annual general meeting of the bahamas agricultural producers association (bapa for november 2009, we take this opportunity to encourage all our members and those persons wishing to become members to come into the ofce, 8th terrace, collins avenue and renew, or complete, membership applications to become nancial in order to participate fully in the meeting. the association is now developing forward momentum and you must be nancial if you wish to participate in, or benet fully from the programmes that are currently planned for its future.Signed: Irwin G. Stubbs President Dated: October 26, 2009 “The Bahamas First Agribusiness Organization” THE INSURANCE COMMISSION OF THE BAHAMAS EMPLOYMENT OPPORTUNITYAnalyst The newly formed Insurance Commission (a statutory corporationis seeking analysts to assist with the on-site and off-site examination of insurance companies and intermediaries. Responsibilities examination of licensees to ensure that licensees are compliant with prudential requirements through on-site and off-site examinations reports analysis, letters and other correspondence as necessary applications for licensees related guidelines insurance industry teamwork and organization skills skills Compensation Deadline United States set to hit S S E E E E n n e e x x t t p p a a g g e e To advertise, call 502-2371

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Congress and the administration to take credible action to restrain soaring deficits. The administration has said the current record deficits are needed to get the country out of a deep recession and stabilize the financial system, but that the President Barack Obama will put forward new proposals to trim future deficits when he sends his next budget to Congress in February. For the budget year that ended on Sept. 30, the federal deficit hit an all-time highin dollar terms of $1.42 trillion. As a percent of the total economy, it stood at its high-est level since the end of World War II. The jump reflected the massive spending from the $700 billion financial bailout fund and the $787 billion economic stimulus package designed to get the country out of the longest recession since the 1930s. “Deficits of this size are serious and ultimately unsustainable,” White House budget director Peter Orszag said in a speech Tuesday. The deficits are making it harder for the administration to extend politically popular stimulus programs, such as support for the unemployed and the tax credit for firsttime homebuyers, without greatly increasing the size of future deficits. In its announcement Wednesday, Treasury said it decided to move to 30-year inflation protected securities, known as TIPS, because it believe the longer maturity would be more popular with investors. Treasury also offers TIPS in fiveand 10-year maturities. The value earned by an investor on a TIPS bond fluctuates with changes in the consumer price index, giving investors protection that the value of their bonds will not drop if inflation accelerates. Treasury also announced that it will raise $81 billion in its quarterly refunding operations next week including $40 billion in three-year notes to be auctioned on Monday, $25 billion in 10-year notes to be auctioned on Tuesday and $16 billion in 30-year bonds to be auctioned on Thursday. C M Y K C M Y K BUSINESS THE TRIBUNE THURSDAY, NOVEMBER 5, 2009, PAGE 5B TO DISCUSS STORIES ON THIS PAGE LOG ON TO WWW.TRIBUNE242.COM POSITION WANTEDAleading retailer is seeking a person for this senior position. MANAGER ACCOUNTS & ADMINISTRATION Applicants should have a BADegree or a CPA, The successful candidate will be responsible for all policies and procedures. The ideal candidate should: deadlines. and assertiveness Int T he Managing Director P.O. Box N-623 Nassau, Bahamas Fax (2421 QFSOJHIU QMVTUBYBOE HSBUVJUJFT"TLBCPVUPVS TQFDJBM#BIBNJBO SPPNSBUFTGSPN5SFBUUIFGBNJMZUPVOEBZ#SVODI BUIFSBUPO/BTTBV#FBDIFTPSU &WFSZVOEBZr/PPOUPQN #JNJOJ.BSLFU'SFFBEVMUTDIJMESFODIJMESFO $IFDLZPVS NBJMGPSEJOJOH EJTDPVOUDBSET DPNJOHTPPO%PXO)PNFFE#FBOTBOEJDF #BIBNJBOUZMF$IFFTZ .BDBSPOJBOE$IFFTF 4QBOJTIFMMT'SJFE'JTI'JMMFU XJUIQJDZBSUBSBVDF $PODI$IPXEFS 1FBSMTPGUIF#BIBNJBO 4FB(SJMMFE.BIJ.BIJ #BIBNJBO'SJFE$IJDLFO $PODI'SJFEJDF 1JOFBQQMFQTJEF%PXO$BLF (VBWB%VGG #SVODIJODMVEFTPOFHMBTTPGXJOFPSDJEFS 'PSIPUFMSFTFSWBUPODPNOBTTBVXPPE)PUFMTFTPSUTPSMEXJEFr*OD"MMJHIUTFTFS4IFSBUPOBOEJUTMPHPBSFUIFUSBEFNBSLTPG4UBSXPPE)PUFMT 3FTPSUT8PSMEXJEFr*ODrPSJUTBGGJMJBUFT debt limit next month INSIGHT F F o o r r t t h h e e s s t t o o r r i i e e s s b b e e h h i i n n d d t t h h e e n n e e w w s s , , r r e e a a d d I I n n s s i i g g h h t t o o n n M M o o n n d d a a y y s s To advertise, call 502-2371

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THE dispute over ownership of Rum Cay’s Sumner Point Marina has been r esolved, it was said yesterd ay, the two warring parties a nnuncing in a statement that they would work together for “the betterment of the entire island”. Montana Holdings, developer of the $700 million RumCay Resort Marina, which acquired Sumner Point Marina several years ago, had been in dispute with former owner Bobby Little, who had alleged they had failed to pay him the full purchase price and not met the terms of their transaction. This was denied by Montana Holdings. “More than two out of every three local residents on Rum Cay is dependent directly or indirectly on the Sumner Point Marina,” said Michelle Curtis, director of operations for New England Marine Services, which had been operating the marina for close to two years. “It is not merely the main economic driver, it is the lifeblood of the island and it would be unconscionable for either of us to allow our business differences to cause people to suffer, so for the betterment of the entire island, we are pleased to announce that Montana Holdings, through its associate company, New England Marine Services, and Robert Little and family have put our differences aside officially with an agreement signed today.” According to the terms of the agreement, management will revert to Mr Little, with the full support of New England Marine Services, while the agreement for sale will c ontinue in place. Although this was aired q uite publicly, which is unfortunate because it makes it appear personal, the reality is that both parties, New England Marine Services, Montana Holdings and my family, are part of a bigger picture of what has transpired all over the world,” said Robert ‘Bobby’ Little. “The state of the global economy and the limited funds available for foreign investment took their toll around the world. “Rum Cay and Sumner Point Marina, the main income producer for the island that was in the process of being sold, were caught in that conundrum. “I am appreciative of the improvements that Montana and New England Marine Services have made, and I believe that there is enough flexibility in the agreement that both parties will be satisf ied their interests are being p rotected while knowing that e ach has worked out a way to work together for the best outcome for the people of Rum Cay.” The marina that recently earned Ministry of Tourism approval for a hotel licence provides dockage, fuel, beachside accommodations and a popular restaurant and bar. Visitors have access to wireless Internet, air-conditioning, satellite TV and other amenities. Both parties said they mutually wanted to settle their differences before the start of the busy season, noting that Thanksgiving was usually very active for the island in the southern Bahamas, known for its fishing, diving, striking scenery and laid-back atmosphere. C M Y K C M Y K BUSINESS PAGE 8B, THURSDAY, NOVEMBER 5, 2009 THE TRIBUNE TO DISCUSS STORIES ON THIS PAGE LOG ON TO WWW.TRIBUNE242.COM Bahamas financial group’s ‘first step’ in regional growth made possible by the $2.5 million investment made in British American Financial’s infrastructure, computer sys tems, product development and staff since BAF Global Group acquired the business in February 2007. Some $1.2 million had been invested in British American Financial’s IT systems, including an insurance database sys tem with the capacity to handle 300,000 policyholders. With some 10,00-12,000 policyholders, $30 million inassets and $500 million in life insurance coverage in force,Mr Cooper said that when added to BAF Global Group’s Bahamas interests, British American Insurance Company (Cayman create a group with “well over” $100 million in assets. B ritish American Financial had “just under” $100 million in assets in the Bahamas, and Mr Cooper said that Bahamian and Caymanian operations combined would give the group “close to 100,000 clients” and policyholders. He added that when BAF Global Group acquired British American Financial in the Bahamas in 2007, it inher-i ted 80,000 clients, implying that its Bahamian client base had grown by around 10,000 since then to around 90,000. The Caymanian deal accounts for the rest. BAF Global Group’s Cay m anian acquisition and expansion has been made possible by the well-publicised difficulties of British American Insurance Company (Cayman’s based CL Financial, whicha lso owned CLICO ( Bahamas), the insolvent Bahamian life and health insurer now in court-supervised liquidation. Although the purchase price was not publicised yesterday, it seems likely that BAF Global Group purchased a relative bargain. “Cayman was always top of the charts in terms of where we wanted to go with regional and international expan-s ion,” Mr Cooper told Tribune Business. “British American’s Cayman branch happened to be an opportu nity to get into the market, and at significant size, [so] we took the decision to do thea cquisition. “It is our strategy to continue expanding regionally and internationally.... It’s the first step in our regional strategy. There are a lot of bene fits with respect to the busin ess itself, and a lot of synerg ies can be created between the business here and the business in the Bahamas. Really, it was an excellent fit.” John Wilson, the McKinney, Bancroft & Hughes attorney and partner, and an investor/shareholder in BAF Global Group, told Tribune Business: “This is the first step outside the Bahamas, and the onset of the realisation of our aspirations to become a trulyg lobal company. Cayman “We thought the Cayman Islands were a natural fit forour expansion goals, and we t hat the current crisis amongst the CL Financial entities really presented some opportunities for anyone who was bold enough to step in.” British American Insurance Company (Cayman core business” and products a nd services that were simi lar to British American Finan cial’s traditional strengths, Mr Cooper said, and also had a strong presence in pensions mandatory in Cayman and health insurance. Mr Cooper described British American Insurance Company (Cayman of the crown jewels” in the British American empire that extended throughout theC aribbean, and the company’s purchase had been approved by all the relevant regulators in both Cayman and the Bahamas, including the latter’s Insurance Commission, Central Bank of theB ahamas and Supreme Court. When asked by BAF Global Group had decided to embark on an expansion/acquisition strategy at a time when most compa nies were adopting a conserva tive stance due to the global r ecession, Mr Cooper replied: “We have a long-term view on business. The economy is cyclical, and the one thing we have always realised is that recessions are sometimes good for business opportunities. “We have been very deliberate in terms of what we acquire, and we wanted to wait for the right opportunity. We found this to be the righto pportunity, and because we’ve managed the operations in the Bahamas very prudently we’ve been able to take advantage of this particular opportunity at a time when others might be hurt i ng. “We’re in business for the long haul. We see this as a strategic fit for our business, and an opportunity to expand regionally and globally. Our Board was able to respondv ery quickly, make the decis ion and make the invest ment.” Rum Cay marina dispute resolved F F R R O O M M p p a a g g e e 1 1 B B A VIEW of Sumner Point Marina, Rum Cay...

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By JEANNINE AVERSA AP Economics Writer WASHINGTON (AP Faced with lurking dangers to the budding recovery, Federal Reserve policymakers are s ure to leave a key interest rate at a record low to entice Americans to spend more and help the economic turnaround gain traction. The economy started to grow again last quarter for the first time in more than a year, although there are uncertainties about the strength and staying power of the recovery, especially after government supports are removed. Fed Chairman Ben Bernanke and his colleagues, wrapping up a two-day meeting Wednesday, are likely to note the country’s economic and financial improvements. But they’ll also warn that rising joblessness and hard-toget-credit for many people and companies will restrain the rebound in the months ahead. Troubles in the commercial real estate market, where soured loans are contributing to bank failures, also remain a concern. At its last meeting in late September, the Fed opted to stretch out into early next year a key program aimed at forcing down mortgage rates and providing support to the housing market. The central bank isn’t expected to veer from that course Wednesday. Wanting to nurture the recovery, the Fed is widely expected to keep the target range for its bank lending rate at zero to 0.25 percent. If it does, commercial banks’ prime lending rate, used to peg rates on home equity loans, certain credit cards and other consumer loans, will stay at about 3.25 percent, the lowest in decades. “I don’t think there is confidence at this point that the economy is firing on all cylinders by itself,” said Bill Cheney, chief economist at John Hancock Financial Services. “It is not ready to be weaned off the extra fiscal and monetary support.” Against that backdrop, many economists predict the Fed will maintain a pledge to keep rates “exceptionally low” for an “extended period.” The hope is that superlow rates will spur consumers and businesses to spend more, supporting the recovery. The Fed has leeway to do this because inflation has been low, economists said. “The central bankers in the U.S. and Europe are considering the exit strategies,” said Sung Won Sohn, economist at California State University’s Smith School of Business. “Even the thought of an exit strategy could spook the financial markets and raise the bond and mortgage yields, hurting the economy.” Still, there are differences of opinion within the Fed about when it might need to start boosting rates and how aggressively to fend off inflation. Inflation hawks, including the presidents of the Fed banks in Dallas, Philadelphia and Richmond, worry more about super-low borrowing costs and other special supports driving prices higher. But waiting too long could touch off inflation. If the recovery takes hold, many analysts think the Fed could start to raise rates in the spring or summer. Bernanke and other Fed officials would try to prepare investors, businesses and ordinary Americans of a shift in stance well in advance of any upcoming shift in stance. One clue would come when the Fed opts to drop its “extended period” language, analysts said. Whenever the Fed starts to boost rates, unemployment likely will still be high, analysts said. The worst recession since the 1930s caused companies to slash jobs and other costs to survive. They won’t ramp up hiring until they are confident the recovery is entrenched. The unemployment rate now at a 26-year high of 9.8 percent is expected to keep rising, Bernanke and other Fed officials have said. Economists predict it will hit 9.9 percent when the government releases the latest snapshot on employment conditions on Friday. It could rise as high as 10.5 percent around the middle of next year before declining gradually, analysts said. Beyond rates, Fed officials in September were conflicted over whether to expand or cut back a program intended to drive down mortgage rates and prop up the housing market, according to minutes of the closed-door deliberations. They ultimately agreed to slow down the pace of a $1.25 trillion program to buy mortgage securities from Fannie Mae and Freddie Mac, wrapping up the purchases by the end of March instead of at year-end. So far, the Fed has bought $776 billion of mortgage securities. The central bank was not divided over another part of program to buy $200 billion worth of Fannie and Freddie debt. It has bought $141.6 billion so far. The Fed’s efforts have helped lower mortgage rates. Rates on 30-year loans averaged 5.03 percent, Freddie Mac reported last week, down from 6.46 percent last year. Meanwhile, the Fed is moving quickly on plans to police banks’ pay policies to discourage reckless gambles by executives, traders, loan officers and other employees. The nation’s top 28 banks face a Feb. 1 deadline for submitting employee compensation plans to the Fed. The Fed isn’t setting compensation, but it will have the power to reject pay plans and call for changes in them. The Fed also will be encouraging though not requiring banks to revise this year’s pay plans if they are significantly out of step with principles the Fed has recently proposed to discourage excessive risk taking. Elsewhere, the British government on Tuesday moved to break up two major banks Royal Bank of Scotland and Lloyds Group that have been bailed out by taxpayers. At the same time, the government injected more public cash into them. C M Y K C M Y K BUSINESS THE TRIBUNE THURSDAY, NOVEMBER 5, 2009, PAGE 9B TO DISCUSS STORIES ON THIS PAGE LOG ON TO WWW.TRIBUNE242.COM BAHAMAS OIL REFINING COMPANY LIMITEDVOPAK TERMINAL BAHAMAS CHIEF FINANCIAL OFFICER A vacancy exists within the Finance Department for a c er. The successful candidate will be required to: Education: Experience:level Applications should be submitted to the: Managing Director Dba Vopak Terminal Bahamas P. O. Box F-42435, Freeport, Grand Bahama On or before November 6, 2009 US rates likely to stay at record low

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In turn, these costs were often passed on to consumers, fuelling price inflation for the Bahamian public and potentially delaying economic recovery. Turning to the IMF’s inflation projections for the Bahamian economy, Mr Winder told Tribune Busin ess: “Both figures are likely t o be impacted by the union n egotiations the Government is going to get involved in. “To the extent the Government has to respond to these negotiations, we will have inflation, but it will be inflation that is internally generated. To the extent we can hold the fort we will be OK, but if the Government gives in over these negotiations, you’re going to see some increases in costs to the average Bahamian through entities the public has to use.” Inflation Describing wage-driven inflation as a “big threat” to the Bahamas’ supply-side economics and economic recovery, especially given its relatively low worker productivity, Mr Winder said the Government was likely to face two to three industrial agree ment negotiations per year. Apart from UTEB, talks with the nurses are also due to reconvene at some stage. To the extent that only o ne of these came up, that c ould further exacerbate the situation and further delay the recovery for the Bahamas in terms of its ability to attract foreign direct investment as things improve,” Mr Winder said. Apart from the inflation issue, the senior accountant added that increased public sector wage settlements would also increase the pressure on the Government’s finances and their ability to meet these higher payments. “The Government’s revenues are down more than they expected, and it creates challenges for the Government to meet those commitments, as they have to borrow more than anticipated,” Mr Winder explained to Tribune Business. “The likelihood is that revenues are going to be down, because the level of activity is down, as individuals are not purchasing in the same quantities as they did two to three years ago. To the extent revenue is c hallenged, the Government i s going to find itself challenged in how it responds to [the demands] of union groups.” Mr Winder added: “The message is simply that we should understand we need to hold the line, and not expect government to be in a position to entertain contracts where they give them more than they were making before. The more pressure you put on the Government, the more pressure you put on the public finances by forcing the Government to borrow more than they need to do.” This, the accountant said, had implications for both the fiscal deficit and the Bahamas’ debt-to-GDP ratio, which is soon likely to hit the 50 per cent barrier. Critical And the critical component in any public sector industrial agreement talks will be for the Government to insert a clause linking pay to worker productivity, Mr Winder explained. Describing it as “the big question”, he said: “If the Government finds itself in a position where it has to yield, it ought to ensure that what it agreed to is tied to productivity.” Rather than just base pay rises on seniority and years of service, Mr Winder said: “The Government should make these various entities more accountable for the monies they are receiving out of the general purse. How has the general Bahamian public benefited from current salary increases, and if we give more in the future, how are we going to get more productivity? “It’s only through increased productivity that we will keep the further costs of doing business in the Bahamas down.” Mr Winder told Tribune Business that wage levels in the Bahamas were “out of line” with the “unit costs of productivity” and output, which were higher than most competitors. “While in other jurisdictions salaries might be higher, the unit cost of productivity in the Bahamas is higher than, for example, Cayman and Bermuda. The person may be making more, but the output per person is where we are getting hit. “The salary costs are not out of line, but that is not what we should be comparing; it is what we are getting for that salary’s cost. We are out of line there.” Mr Winder identified the publicly-owned utility companies as “the real big drivers” of costs and wage inflation, and said the Government needed to be careful about “trend-setting”. Once it gave into one union, others would demand the same treatment when their own negotiations commenced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‘Hold the line’ over public sector wages F F R R O O M M p p a a g g e e 1 1 B B

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By CHARLES BABINGTON Associated Press Writer WASHINGTON (AP Delay is rarely good for politicians trying to pass legislation. The possibility that Congress might not complete action on a major health care bill this year is another frustration for President Barack Obama and his allies. Even if it doesn’t sink the health care effort, a delay would raise new uncertainties and push other domestic priorities further back. It also would give opponents a chance to pick off nervous Democratic lawmakers eyeing their November 2010 reelection campaigns. Even some House Democrats with safe seats don’t like the idea of voting on a contentious bill until it’s clear that the Senate will follow suit. Adding to Democratic unease were losses in gubernatorial races in Virginia and New Jersey on Tuesday, with independent voters flocking to the Republicans. The results could force House Democrats in competitive districts to think twice about Obama’s agenda, including health care. House Speaker Nancy Pelosi, D-Calif., dismissed that notion Wednesday, focusing instead on the party’s win in two congressional special elections. “From our standpoint ... a candidate was victorious who supports health care reform, and his remarks last night said this was a victory for health care reform and other initiatives for the American people,” she said. “So from our standpoint we picked up votes last night, one in California and one in New York.” Obama has swallowed one disappointing postponement already this year, when the House and Senate failed to move separate bills before the August recess. Opponents used that lull to rip into the proposed health care changes in raucous public forums. Democrats are unlikely to be caught off guard again if the legislative battle goes past the Christmas-New Year’s break. But any delay gives opponents more time to organize and campaign. The new questions were raised Tuesday when Senate Majority Leader Harry Reid, D-Nev., told reporters in the Capitol that he couldn’t promise a health care package will pass this year. “We’re not going to be bound by any timelines,” Reid said. “We’re going to do this legislation as expeditiously as we can, but we’re going to do it as fairly as we can.” A couple of hours later, Reid spokesman Jim Manley issued a more upbeat statement. “Our goals remain unchanged,” Manley said. “We want to get health insurance reform done this year, and we have unprecedented momentum to achieve that. There is no reason why we can’t have a transparent and thorough debate in the Senate and still send a bill to the president by Christmas.” White House officials played down Reid’s comments. “We’re moving on the same timeline,” said spokesman Reid Cherlin. “The House plans to vote on the health reform bill within days, and as Sen. Reid said today, he shares the White House’s commitment to passing mean ingful reform by Christmas.” Cherlin said senators will move swiftly once the non partisan Congressional Bud get Office finishes its review of Senate proposals. Any setback for Obama and the Democrats would raise troubling memories of President Bill Clinton’s failure to enact health care legislation in 1993-94 and the subsequent Republican takeover of Congress. Senate rules, and ingrained Senate habits such as holding few if any votes on Mondays and Fridays make it easy for opponents of any legislation to draw out the process. The bid to revamp the nation’s health care system, and insure millions of people now lacking coverage, is more complex than most. Reid is trying to meld portions of two massive bills, one from the Finance Committee, the other from the Health, Education, Labor and Pensions Committee. He is sub mitting parts of the plan to CBO analysts to see if the Senate can hold the cost to $900 billion over 10 years, as Obama has insisted. Reid eventually will send the bill to the Senate floor, where weeks of debate and efforts to amend it could ensue. At crucial junctures, Reid will have to muster 60 votes in the 100-member chamber to advance the bill. T he House could move a s ignificantly different bill as early as this weekend. Assuming both chambers pass some version of health care overhaul, a House-Sen ate conference committee would try to resolve the dif-f erences. Then both chambers would vote on the final product and, if they approve it, send it to Obama’s desk. A congressional truism holds that it’s easier to pass hard-fought legislation in oddnumbered years. In evennumbered years, all 435 House seats and one-third of the Senate seats are up for grabs in November and some lawmakers are more reluctant to cast tough votes. Lawmakers, especially senators, also tend to focus on only one big issue at a time. As long as health care dominates debate, the Senate is unlikely to move on other hot-button issues such as a massive energy bill, immigra tion and a proposal to re-regulate the financial industry. Pelosi said House members know they have a “historic opportunity to do something great, and we would hope that it would be sooner, but I don’t think anybody has a clock ticking.” But, of course, a clock always runs on the legislative calendar. In the Senate, the tick-tock seems a bit louder. C M Y K C M Y K BUSINESS PAGE 12B, THURSDAY, NOVEMBER 5, 2009 THE TRIBUNE TO DISCUSS STORIES ON THIS PAGE LOG ON TO WWW.TRIBUNE242.COM Health care delay causes further Obama problems Share your news The Tribune wants to hear from people who are making news in their neighbourhoods. Perhaps you are raising funds for a good cause, campaigning for improvements in the area or have won an award. If so, call us on 322-1986 and share your story. BARACK OBAMA

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C M Y K C M Y K BUSINESS THE TRIBUNE THURSDAY, NOVEMBER 5, 2009, PAGE 13B TO DISCUSS STORIES ON THIS PAGE LOG ON TO WWW.TRIBUNE242.COM By ANNE FLAHERTY Associated Press Writer WASHINGTON (AP The House Financial Services Committee voted Wednesday t o give federal regulators more power and money to police major players in the stock market, four months after Bernard Madoff wass entenced for the biggest investment scam in history. The 41-28 vote was the panel’s latest move to try to rein in abuses on Wall Street. It would give the Securities and Exchange Commission new enforcement powers, i ncluding the ability to offer bounty money to tipsters on fraud cases and the power to b ar violators of the law from employment in any securitiesrelated industry. The bill also would double t he SEC’s budget in the next five years. Rep. Paul Kanjorski sponsored the legislation afterl eading the panel’s investigat ion into the government’s failure to uncover Madoff’s massive fraud scheme for nearly two decades. Madoff was sentenced in June to 150y ears in prison. In the last five years, there’s been a significant change and a greater sophistication in the financial service industry than has everh appened in the history of m ankind,” said Kanjorski, a Pennsylvania Democrat. “So w e’re going to have to change fast.” The proposal was part of a broader effort by the com-m ittee to tighten rules governing financial institutions after last year’s market crisis. The full House was expected to vote on the bill and related proposals in early December. In addition to giving the SEC more power, the comm ittee has voted to impose new restrictions on investment rating agencies and require oversight of hedge f unds and other large pools of private capital. The panel also wants a new federal agency dedicated sole-l y to protecting consumers f rom fraud and abuse on credit cards, mortgages and other popular financial products. As the House moves ahead t o overhaul financial regulat ions, work in the Senate was just getting under way. Senate Banking Chairman Christopher Dodd has begun drafting a bill that would differ from t he Obama administration’s proposal by limiting the powe r of the Federal Reserve and consolidating banking supervision into a single regulator. Dodd, who planned to m eet Wednesday with his Democratic colleagues to disc uss the matter, was expected to unveil a draft proposal next week. Regulator to get increased power ANDROS CAT ISLAND E LEUTHERA MAYAGUANA SAN SALVADOR GREAT INAGUA GREAT EXUMA CROOKED ISLAND / ACKLINS LONG ISLAND A BACO Shown is today's weather. Temperatures are today's h ighs and tonights's lows. K EY WEST WEST PALM BEACH FT. LAUDERDALE TAMPA O RLANDOL ow: 58F/14C Low: 59F/15C L ow: 68F/20C Low: 70F/21C Low: 70F/21C L ow: 75F/24C Low: 72F/22C Low: 63F/17C High: 81F/27C High: 82F/28C H igh: 84F/29C H igh: 84F/29C H igh: 84F/29C High: 83F/28C High: 81F/27C Low: 66F/19C H igh: 80F/27C Low: 74F/23C High: 83F/28CRAGGED ISLANDLow: 68F/20C H igh: 86F/30C Low: 74F/23C H igh: 86F/30C L ow: 70F/21C High: 83F/28C L ow: 72F/22C High: 85F/29C L ow: 73F/23C High: 89F/32C L ow: 71F/22C High: 86F/30C Low: 71F/22C High: 86F/30C L ow: 72F/22C H igh: 89F/32C L ow: 74F/23C High: 85F/29C High: 80F/27CFREEPORT NASSAU MIAMI THE WEATHER REPORT 5-DA YFO RECASTPartly sunny with a s hower Mostly cloudy, a shower; windy Partly sunny with a shower; windy Some sun, then clouds and windy Partly sunny and w indy High:8 Low:72High:80High:78High:81 AccuWeather RealFeel AccuWeather RealFeel AccuWeather RealFeel AccuWeather RealFeel AccuWeather RealFeelW indy with a shower possible H igh:82Low:66Low:68Low:69 A ccuWeather RealFeel 8 F The exclusive AccuWeather RealFeel Temperatureis an index that combines the effects of temperature, wind, humidity, sunshine intensity, cloudiness, precipitation, pressure, and elevation on the human bodyeverything that effects how warm or cold a person feels. Temperatures reflect the high and the low for the day. 69F 82-62F 78-66F 74-67F 78-68F Low:70T ODAYTONIGHTFRIDAYSATURDAYSUNDAYMONDAY AL MANACHigh ..................................................88F/31C Low ....................................................73F/23C Normal high ......................................82F/28C N ormal low ........................................71F/22C L ast year's high ..................................90F/32C L ast year's low ..................................81F/27C A s of 1 p.m. yesterday ..................................0.00" Y ear to date ................................................32.02" N ormal year to date ....................................46.75" Statistics are for Nassau through 1 p.m. yesterday Temperature P recipitation SUNANDMOON TIDESFORNASSAU Last N ewFirst Full N ov. 9Nov. 16Nov. 24Dec. 2S unrise . . . . . . 6:20 a.m. S unset . . . . . . . 5:27 p.m. M oonrise . . . . 7:59 p.m. M oonset . . . . . 9:15 a.m. Today F riday Saturday S unday HighHt.(ft.LowHt.(ft. 9:07 a.m.3.52:41 a.m.-0.1 9:26 p.m.2.63:38 p.m.0.1 9:58 a.m.3.43:30 a.m.0.0 10:20 p.m.2.64:31 p.m.0.3 10:52 a.m.3.34:24 a.m.0.1 11:20 p.m.2.55:27 p.m.0.3 1 1:51 a.m.3.25:25 a.m.0.3 ----6:26 p.m.0.4 M onday T uesday W ednesday 1 2:25 a.m.2.66:33 a.m.0.4 1 2:54 p.m.3.17:28 p.m.0.4 1:34 a.m.2.67:44 a.m.0.6 1:58 p.m.2.98:28 p.m.0.3 2 :41 a.m.2.88:55 a.m.0.6 3 :00 p.m.2.89:25 p.m.0.1 MARINEFORECAST WINDSWAVESVISIBILITYWATER TEMPS. ABACO ANDROS CAT ISLAND CROOKED ISLAND ELEUTHERA FREEPORT GREAT EXUMA GREAT INAGUA LONG ISLAND MAYAGUANA NASSAU SAN SALVADOR RAGGED ISLAND Today:NE at 8-16 Knots4-7 Feet7 Miles82F Friday:NE at 15-25 Knots6-10 Feet10 Miles82F Today:NE at 8-16 Knots1-3 Feet10 Miles83F Friday:NE at 20-30 Knots4-7 Feet10 Miles83F Today:NNE at 6-12 Knots2-4 Feet10 Miles83F Friday:NE at 12-25 Knots4-7 Feet10 Miles83F Today:NE at 8-16 Knots2-4 Feet10 Miles83F Friday:NE at 8-16 Knots2-4 Feet10 Miles83F Today:NNE at 6-12 Knots3-5 Feet10 Miles83F Friday:NE at 15-25 Knots5-9 Feet10 Miles83F Today:NNE at 10-20 Knots3-5 Feet10 Miles83F Friday:NE at 15-25 Knots4-8 Feet10 Miles83F Today:NE at 7-14 Knots1-2 Feet10 Miles83F Friday:NE at 15-25 Knots2-4 Feet7 Miles83F Today:ENE at 8-16 Knots2-4 Feet10 Miles84F Friday:NE at 7-14 Knots2-4 Feet10 Miles84F Today:NE at 8-16 Knots1-3 Feet10 Miles83F Friday:NE at 10-20 Knots1-3 Feet10 Miles83F Today:NE at 7-14 Knots3-6 Feet10 Miles83F Friday:NE at 8-16 Knots3-6 Feet7 Miles83F Today:NNE at 10-20 Knots2-4 Feet7 Miles82F Friday:NE at 15-25 Knots3-6 Feet6 Miles82F Today:NE at 10-20 Knots2-4 Feet10 Miles84F Friday:NE at 10-20 Knots2-4 Feet10 Miles84F Today:NE at 6-12 Knots1-3 Feet10 Miles83F Friday:NE at 15-25 Knots3-6 Feet5 Miles83F UV INDEXTODAYThe higher the AccuWeather UV IndexT Mnumber, the greater the need for eye and skin protection.F orecasts and graphics provided by A ccuWeather, Inc. AccuWeather.com 5 PM Thur 5 PM Thur T.D. 11 Atlanta A t l a n t a Highs: 68F/20C H i g h s : 6 8 F / 2 0 C Kingston K i n g s t o n Highs: 86F/30C H i g h s : 8 6 F / 3 0 C Caracas C a r a c a s Highs: 91F/33C H i g h s : 9 1 F / 3 3 C Panama City P a n a m a C i t y Highs: 88F/31C H i g h s : 8 8 F / 3 1 C Limon L i m o n Highs: 84F/29C H i g h s : 8 4 F / 2 9 C Managua Ma n a g u a Highs: 85F/29C H i g h s : 8 5 F / 2 9 C Cozumel C o z u m e l Highs: 85F/29C H i g h s : 8 5 F / 2 9 C Belize B e l i z e Highs: 80F/27C H i g h s : 8 0 F / 2 7 C Charlotte C h a r l o t t e Highs: 65F/18C H i g h s : 6 5 F / 1 8 C Charleston C h a r l e s t o n Highs: 72F/22C H i g h s : 7 2 F / 2 2 C Savannah S a v a n n a h Highs: 74F/23C H i g h s : 7 4 F / 2 3 C Pensacola P e n s a c o l a Highs: 74F/23C H i g h s : 7 4 F / 2 3 C Daytona Beach D a y t o n a B e a c h Highs: 78F/26C H i g h s : 7 8 F / 2 6 C Tampa T a m p a Highs: 82F/28C H i g h s : 8 2 F / 2 8 C Freeport F r e e p o r t Highs: 80F/27C H i g h s : 8 0 F / 2 7 C Miami Mi a m i Highs: 84F/29C H i g h s : 8 4 F / 2 9 C Nassau N a s s a u Highs: 81F/27C H i g h s : 8 1 F / 2 7 C Havana H a v a n a Highs: 86F/30C H i g h s : 8 6 F / 3 0 C Santiago de Cuba S a n t i a g o d e C u b a Highs: 85F/29C H i g h s : 8 5 F / 2 9 C San Juan S a n J u a n Highs: 87F/31C H i g h s : 8 7 F / 3 1 C Santa S a n t a Domingo D o mi n g o Highs: 85F/29C H i g h s : 8 5 F / 2 9 C Trinidad T r i n i d a d Tobago T o b a g o Highs: 89F/32C H i g h s : 8 9 F / 3 2 C Port-au-Prince P o r t a u P r i n c e Highs: 90F/32C H i g h s : 9 0 F / 3 2 C C ape Hatteras C a p e H a t t e r a s Highs: 64F/18C H i g h s : 6 4 F / 1 8 C Aruba Curacao A r u b a C u r a c a o Highs: 88F/31C H i g h s : 8 8 F / 3 1 C Antigua A n t i g u a Highs: 86F/30C H i g h s : 8 6 F / 3 0 C Barbados B a r b a d o s Highs: 86F/30C H i g h s : 8 6 F / 3 0 C Bermuda B e r m u d a Highs: 75F/24C H i g h s : 7 5 F / 2 4 C Atlanta Highs: 68F/20C Kingston Highs: 86F/30C Caracas Highs: 91F/33C Panama City Highs: 88F/31C Limon Highs: 84F/29C Managua Highs: 85F/29C Cozumel Highs: 85F/29C Belize Highs: 80F/27C Charlotte Highs: 65F/18C Charleston Highs: 72F/22C Savannah Highs: 74F/23C Pensacola Highs: 74F/23C Daytona Beach Highs: 78F/26C Tampa Highs: 82F/28C Freeport Highs: 80F/27C Miami Highs: 84F/29C Nassau Highs: 81F/27C Havana Highs: 86F/30C Santiago de Cuba Highs: 85F/29C San Juan Highs: 87F/31C Santa Domingo Highs: 85F/29C Trinidad Tobago Highs: 89F/32C Port-au-Prince Highs: 90F/32C Cape Hatteras Highs: 64F/18C Aruba Curacao Highs: 88F/31C Antigua Highs: 86F/30C Barbados Highs: 86F/30C Bermuda Highs: 75F/24C INSURANCEMANAGMENTTRACKINGMAP Showers Warm Cold Stationary Rain T-storms Flurries Snow IceShown is today's weather. Temperatures are today's highs and tonight's lows. N S EW S E 1 0-20 knots N S EW S E 8-16 knots N S EW S E 1 0-20 knots N S EW S E 6 -12 knots N S EW S E 7 -14 knots N S EW S E 8-16 knots N S EW S E 10-20 knots N S EW S E 8 -16 knots

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By MARCY GORDON AP Business Writer WASHINGTON (AP JPMorgan Chase & Co. has agreed to a settlement worth more than $700 million over federal regulators’ charges that it made unlawful pay-m ents to friends of public officials to win municipal bond business in Jefferson County, Ala. The scandal over the county’s $3.9 billion debt has pushed it to the brink of filing what would be the biggest municipal bankruptcy in U.S. history. The Securities and Exchange Commission on Wednesday announced the settlement with JPMorgan, which canceled interest-rate swap contracts with the county worth $700 million in March. The Wall Street bank did not admit or deny the SEC allegations in agreeing to pay a $25 million civil fine, a $50 million payment to the county and to forfeit $647 million in termination fees it claims the county owes from the canceled swap agreements. The SEC also accused two former managing directors of JPMorgan, Charles LeCroy and Douglas MacFaddin, of securities law violations. The agency is seeking unspecified restitution from them. MacFaddin will contest the charges. The SEC alleged that JPMorgan, LeCroy and MacFaddin made about $8 mil lion in undisclosed payments to close friends of several Jefferson County commission ers. Starting in July 2002, LeCroy and MacFaddin solicited the county for a $1.4 billion sewer bond deal. Swayed by the payments, the county commissioners voted to select JPMorgan’s securities division as managing underwriter of the bond offerings and its affiliated bank as swap provider for the transactions, the SEC said. JPMorgan failed to disclose any of the unlawful payments or conflicts of interest in the bond offering documents, but passed on the cost of the payments by charging the county higher interest rates on the swap transactions, according to the SEC. “The transactions were complex but the scheme was simple,” SEC Enforcement Director Robert Khuzami said in a statement. “Senior JPMorgan bankers made unlawful payments to win business and earn fees.” MacFaddin’s attorney, Richard Lawler, said his client “has at all times acted prop erly” in his dealings with Jefferson County. “He denies he has violated any securities laws and we’re confident he’ll be vindicated after trial,” Lawler said. LeCroy’s lawyer didn’t immediately return a telephone call seeking comment Wednesday afternoon. New York-based JPMorgan said in a statement it has since discontinued its munici pal swap-exchange business. The settlement with the SEC “does not impair any outstanding Jefferson County bonds and JPMorgan continues to work to achieve a responsible restructuring of Jefferson County’s financial affairs,” the statement said. The SEC previously charged Birmingham, Ala., mayor Larry Langford and two others for undisclosed payments to Langford related to municipal bond offerings and swap agreement transactions made while he was president of the Jefferson County Commission. On Oct. 28, Langford was found guilty in the related criminal case on 60 counts of bribery, mail fraud, wire fraud and tax eva sion. The SEC in July proposed tightening rules governing disclosures about municipal securities to aid investors ina multitrillion-dollar market used to finance schools, roads and hospitals around the country. Brokers and dealers in municipal bonds and other securities would be required to make fuller and more time ly disclosures to investors. State and local governments raise funds for public facilities by issuing bonds, in a market estimated to be worth about $2.7 trillion. Retail investors increasingly participate in the market, seeking safe investments with reliable returns. The financial crisis and tight credit have made it more difficult for some municipal securities deemed higher risk to be sold. C M Y K C M Y K BUSINESS PAGE 14B, THURSDAY, NOVEMBER 5, 2009 THE TRIBUNE TO DISCUSS STORIES ON THIS PAGE LOG ON TO WWW.TRIBUNE242.COM JP Morgan agrees $700m settlement with regulators control of kilowatts per hour (KwH setting and reaching reduction targets, including cost and carbon emissions targets. Energy is very costly, not only because of the vexing fuel surcharge but because of waste. About 60 per cent of the power we buy from BEC simply vanishes in distribu tion – between the power plant and our homes and workplaces. That’s not peculiar to BEC; it’s a condition common to all overburdened power grids, including the US. So we pay a lot for wasted energy, including the energy we waste ourselves at home and at work. That’s about 40 per cent, conservatively speaking. President Obama announced recently that through the $787 billion stim ulus package, $6 billion will be spent on the Smart Grid. About half this amount will go to pay for smart electricity meters that will be installed in millions of homes around the US. Obviously, enabling people to take responsibility is an important plank in the US government’s transitioning strategy. Ours is not a rich nation. Our government cannot afford to outfit homes with smart meters. However, our government should provide incentives for reducing consumption, at least until we can get on to the renewable platform. Mass behaviour change in meeting the energy and cli mate challenges is required, and this calls for vigorous social marketing on the part of government. Such `social marketing’ as now exists is so insipid as to be of no consequence. No amount of advertisements to save money and energy by a proliferation of small energy saving business es can create the critical mass necessary to change behaviour. Besides, most of us do not have the capital for sus tainable marketing, and anyway, social marketing is not the role of business. Busi nesses sell services or products. However, we need the support of an enabling environment in which to perform our role successfully. The Ministry of the Envi ronment would do well to embark upon a massive social marketing programme to sup port the formulation of the energy policy. The good news is that an effective template already exists. In the 1990s, the Ministry of Health implemented a formidable social marketing programme for HIV/AIDS, the success of which has done much to stem the pandemic in our society by targeting sexual values and behaviour. N N B B : : A A u u d d r r e e y y I I n n g g r r a a m m R R o o b b e e r r t t s s i i s s t t h h e e e e x x e e c c u u t t i i v v e e d d i i r r e e c c t t o o r r o o f f S S o o u u r r c c e e D D e e v v e e l l o o p p m m e e n n t t C C o o n n s s u u l l t t a a n n t t s s a a n n d d E E n n i i g g i i n n , , t t h h e e e e n n e e r r g g y y s s a a v v i i n n g g b b u u s s i i n n e e s s s s National energy policy must be more robust F F R R O O M M p p a a g g e e 2 2 B B JAMES DIMON , chairman and CEO of JPMorgan Chase & Co., speaks at the Securities Industry and Financial Marketers Association in New York... (AP Photo: Mark Lennihan