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 PM: No U-turn on Baha Mar C M Y K C M Y K V olume: 106 No.1TUESDAY, OCTOBER 19, 2010 PRICE 75 (Abaco and Grand Bahama $1.25 WEATHER PARTLY SUNNY AND T-STORM HIGH 85F LOW 74F Ingraham to stick to guns in China The Tribune THEPEOPLESPAPER BIGGESTANDBEST BAHAMASEDITION McCOMBO OF THE DAY N E W www.tribune242.com www.fidelitygroup.comCall 356.7764today! Get out of Debt Fast with a Fidelity Fast Track Debt Consolidation loan. Decisions Fast Money Fast Plus Visa Credit Card FastGetoutofdebt Fast! BAHAMASBIGGEST CARSFORSALE, HELP WANTED ANDREALESTATE I N S I D E UP INFLAMES: 50 JOBLESS AFTER BUSINESS DES TROYED FAMILY and friends of Laura Albury are appeal ing to the public to donate blood at the Princess Mara garet Hospital for a muchneeded surgery. The blood bank is open on weekdays from 9am to 6.30pm, and on Saturdays from 9am to 4pm. BLOOD APPEAL By PAUL G TURNQUEST Tribune Staff Reporter email@example.com PRIME Minister Hubert Ingraham said yesterday that he will be sticking to his position on the impracticality of the current Baha Mar proposal when he visits with representatives of the Peoples Republic of China later this week. D uring a walkabout of the multi-million dollar luxury Albany resort, Prime Minister Ingraham said that his message will not be new when he sits down with the government of China. We told the China state construction company from the first time we saw themm ore than a year ago that it was not possi ble to have that number of foreign workers on a job site and have the Bahamian content being so low. Nothing has changed. We have been telling them that for more than a year. It appears that some people dont take us seriSEE page eight By NOELLE NICOLLS T ribune Staff Reporter firstname.lastname@example.org T WO MORE straw vendors pleaded guilty to charges of t rafficking in counterfeit goods and were sentenced to time served, yesterday. They were ordered to leave the country immediately. Attorney Elliot Sagor, who was hired by the Bahamas government to assist the vendors, said Judy Duncombe and Margaret Pierre should return home in the next 48 hours. Theirc ourt appointed attorneys Jennifer Colyer and Richard Lind could not be reached for comment. The presiding judges in each case, Judge Thomas Griesa and Judge Castel respectively, were presented with a strong letter written by Consul General Carl Smith on the part of the Bahamian government expressing support for a time served disposition, said Mr Sagor. Two more straw vendors admit trafficking charges By PAUL G TURNQUEST Tribune Staff Reporter email@example.com HAVING paid them more money than they were legally entitled to, Prime Minister Hubert Ingraham reminded the now terminated ZNS workers that is not a good thing for people to have. Fielding questions from the media yesterday, Prime Minister Ingraham said that the government had to find $4 million to fund the 80 separation packages at the Broadcasting Corporation of the Bahamas (BCB Govt acted honourably on ZNS layoffs SEE page 11 S EE page 11 By DENISE MAYCOCK Tribune Freeport Reporter firstname.lastname@example.org FREEPORT A major service and landscaping business was destroyed by fire Monday evening, leaving the owner Ted Russell devastated and some 50 employees out of work. When firemen arrived at the scene shortly before 6pm, the Care Maintenance/DAPL Farms and Garden Centre on Grand Bahama Highway was fully engulfed in flames. Russell and his family THE sister of the countrys latest murder vic tim told of hearing a gunshot moments before running outside their family-run convenience store to find her brother dying. Police confirmed yesterday that the victim of Sundays shooting was Joseph John Tynes, 39, of Fire Trial Road. Mr Tynes, the owner of the Morning Star Convenience Store, was shot in the head by an armed robber as he sat outside his shop on Fire Trail Road, making him the 73rd murder victim this year. Police said that Mr Tynes was sitting outside his store with another man when the gunman approached. The robber stole cash and jewellery from the pair before he shot Mr Tynes in the head and fled on foot. His sister Agnes Tynes said yesterday that she was in the store when she heard a gunshot, and rushed outside, only to witness her brother MURDER VICTIMS SIS TER TELLSOFHEARINGGUNSHOT SEE page eight BLAZEDRAMA: Flames light up the sky as the fire tears through the service and landscaping business. I N S I D E C ABINETMINISTERS INSPECT PROJECT SITE TOUROFALBANY SEEPAGETWO SEE page 11 H UBERT INGRAHAM
CABINET ministers were g iven a tour of the multi-mill ion dollar Albany project yesterday and presented with a progress report on the development. Leading the delegation was Prime Minister Hubert Ingra ham, who informed the media t hat he is very impressed w ith Albany and what they have accomplished. I am obviously very impressed. Joe Lewis has done those things he promised to do. He has beeni n the Bahamas for quite some time. He and his partners bought the New Providence Development Company some years ago and subsequently bought this prope rty and put forward a develo pment plan while the previous government was in office. Concluded It was concluded since we came to office. They have provided substantial numberso f jobs, good wages, good spin-off benefits, and they will b e a continuing substantial c ontributor to the public purse. They have facilities here that rent for as much as$ 6,000 a night and we get our eight per-cent (tax So we are very impressed and very pleased with what theya re doing, he said. The Albany project is being completed in phases, and Mr I ngraham pointed out that it i s quite different from the proposed Cable Beach Baha Mar development in this and other respects. Albany is a well funded project with deep pockets. Itd oesnt need to have lenders impose upon it conditions which are onerous and or burdensome, and it is able to operate and function at a time when others find it difficult t o borrow money from the b ank. So Mr Joe Lewis and those are wonderful for theB ahamas and they are doing it in digestible portions. It is very important for the B ahamas not to develop indig estion on any project. You must be capable of consuming it and digesting it so that itd oesnt make you ill it does nt affect your health for the future. And this is a good example of a project that is d one in a very digestible way, and it provides employment and benefits for the people of t he Bahamas, the economy, and the public treasury, and we are very pleased with it,h e said. C M Y K C M Y K LOCAL NEWS PAGE 2, TUESDAY, OCTOBER 19, 2010 THE TRIBUNE TO DISCUSS STORIES ON THIS PAGE LOG ON TO WWW.TRIBUNE242.COM Ingraham sings Albanys praises T OUROFINSPECTION: P rime Minister Hubert Ingraham is pictured above touring the site of the new Albany development with his cabinet in tow. MINISTERIALTOUROFALBANY PLUM REAL ESTATE: One of the main buildings in the multi-mil lion dollar Albany project. PHOTOS: Tim Clarke /Tribune staff PRESENTATION: Albany managing partner Christopher Anand makes his presentation to Cabinet Ministers yesterday during their tour of the resort property.
FAMILY and friends expressed disbelief follow ing the suicide attempt of a 46-year-old father-of-five in the Rock Crusher Road area yesterday, although they admitted that it was not his first attempt. According to family members, William Riley, a self-employed mechanic, was said to have been overwhelmed by his financial obligations, citing his mounting medical expenses as a diabetic. It was also revealed that Mr Riley was separated from his wife and family. Those interviewed at the scene said although Mr Riley often spoke of his intentions to end his life, no one believed he would do so. That was until yesterday morning, when his friends broke into his house and found him hanging from a rope in a home at Rock Crusher Road, off Farring ton Road. The men were able to revive Mr Riley and he was taken to hospital by Emer gency Medical Services for further observation. Police investigations into the matter are continuing. POLICE are urging mem bers of a Family Island community to come forward with information regarding last weeks break-in at a police station in Great Exuma. The brazen robbers smashed through the front door of the George Town police station and made offwith more than $10,000 some time between midnight and 9am last Wednesday, it has been reported. Police have launched an intense investigation into the incident, which marks the fifth attack on a government build ing in less than five months. However, senior officers say they are without leads at this time. Members of the public with any relevant information are urged to call: 919, 502-9991 or Crime Stoppers anony mously on 328-TIPS (8477 By MEGAN REYNOLDS T ribune Staff Reporter m email@example.com AN INQUEST into Preston Fergusons death opened in Exuma yesterday with the coroner naming a r oad traffic accident as the o nly apparent cause of d eath. However, Magistrate William Campbell said any alternative information submitted to the court would be reviewed and assessed if r elevant to the 38-year-olds sudden death in August last y ear. M r Ferguson was found dead in his company truck o n the Queens Highway just south of The Forest in Great Exuma on August 2 last year. Although police ruled the death a road traffic accident, Mr Fergusons family b elieve there are gaps in the investigation. Addressing the inquest, a ttorney Raphael Moxey, r epresenting the family, said: We believe there are some contradictions in the police file which cannot bee xplained. Logically, it doesnt make sense. Conclusions based on the circumstances surrounding it do not seem possible, he said. Attorney Lessiah Rolle appeared before the courto n behalf of Mr and Mrs Humes, who he said are mentioned as suspects ino ne of the police reports. M r Rolle told the inquest there is absolutely no evidence to support this sug gestion. T he coroner said that at this point in the case, judg ing from the police file, hec ould not recognise the Humes as interested parties because the evidence suggests there is only one inter-e sted party, and that is the d eceased. He said: As I am reading the file right now it says t he cause of death is a road traffic accident. I see no other persons, based on the information in the file, who may be affected in law by the verdict. Im talking about credib le facts that point in a cert ain direction, not otherwise. This is a court of law; not a court of rumour, or whate ver. You must come to the court with credible information, and thats no information that can identify any other interested party. F ile The Fergusons lawyer told the court he had not seen the police file, and thef amily told T he Tribune t his was because they did not have sufficient time to pre p are, as they only learned a bout the inquest by word of mouth two weeks ago. They indicated outside court yesterday that theyw ould submit information to the coroner for him to consider prior to the nexth earing, as Mr Campbell had said: If a member of the family or Mr Moxey has information that may throw m ore light on the cause of death it should be sent to the coroner. The Fergusons have also requested that the inquest be heard in Nassau because of the close-knit nature of t he Exuma community. Five o f the 14 jurors summoned to the George Town Magist rates Court yesterday were e xcused from their duties as t hey indicated they had an interest in the case, because they have friends or relatives in the Ferguson family, the local police force, or some other connection tot he case. At the opening of the inquest, Mr Campbell told the court that the purposeo f the inquest was primarily t o inquire into the cause of Mr Fergusons death. As it is not a criminal trial, t here is no accused, no defendant, and no way a jury or a coroner can pro nounce guilt, the coroner s aid. In some instances, after an inquiry, we might find that someone is responsible for causing the death of the deceased, and there is enough evidence to put that p erson on trial, he told the c ourt. It is not saying that person is guilty; its simply saying there is sufficient evidence to put that person on trial. Siblings Preston Ferguson is surv ived by his 11 siblings and h is son, Preston Ferguson J unior, 11, who now lives in N assau with his paternal a unt and uncle, Captain and M rs Frederick Gray. His brother Robin Ferguson, 42, was the closest in age to the deceased and is the only sibling to have lived in Exuma with his brother. It has been extremely d epressing for him to pick u p the pieces, the family said. This has been the most t raumatic thing to try to heal f rom, but we try. The case will resume on November 22. Mr Campbelle xpects the venue to have been decided by the end of the month, and interested parties will be notified. C M Y K C M Y K LOCAL NEWS T HE TRIBUNE TUESDAY, OCTOBER 19TH, 2010, PAGE 3 TO DISCUSS STORIES ON THIS PAGE LOG ON TO WWW.TRIBUNE242.COM Coroner says road accident is only apparent cause of death PRESTONFERGUSONINQUEST TRAGICDEATH: Preston Ferguson. Plea for public help over police station break-in Shock over fathers suicide attempt But magistrate adds alternative information submitted would be reviewed
EDITOR, The Tribune. I am relieved that the P rime Minister has finally a ddressed, even though very l ittle, about the possibility o f smuggling and other irregular activities at Potters C ay. The slackness that exists everywhere else, including m any docks has been happening since time immemor ial. But we all know that Mr Ingraham is only scratchingt he surface. The biggest joke is that t here is public opinion that many illegal things to be concerned about walk right t hrough the airport, while Customs Officers watch. N ow I would love to mention what has been a suspicion for decades. While I am positive this does not apply to all resi-d ents, there are several gate d communities that have c anals, where residents can b ring their boats right up to t heir backdoors. We are all nincompoops if we believe that illegal activities are not happening behind the gates of some of these communities. The rational is that drugs still flow like water and e very young man on the s treets of Nassau has a gun. We all know that the police a re either afraid of the backl ash or do not have the will t o go behind these gates and investigate. I daresay, the people who w e think are so honest and so much above board are just people, just like all of us. The strange thing about i llegal activities is that not e veryone can keep the s ecrets. P illow talk can cause the r est of information to spill. I strongly suggest that the police direct their energies a nd attention to these gated neighbourhoods and maybe there is some luck t here. A demented mind is not u nique only to the regular native Bahamian. Highly profitable illegal a ctivities are attractive to all. There are countless examp les where the most sophisticated have run afoul of the law. G reed has no class or colour. IVOINE W INGRAHAM Nassau, October 12, 2010. C M Y K C M Y K EDITORIAL/LETTERS TO THE EDITOR PAGE 4, TUESDAY, OCTOBER 19TH, 2010 THE TRIBUNE The Tribune Limited NULLIUS ADDICTUS JURARE IN VERBA MAGISTRI Being Bound to Swear to The Dogmas of No Master LEON E. H. DUPUCH, Publisher/Editor 1903-1914 SIR ETIENNE DUPUCH, Kt., O.B.E., K.M., K.C.S.G., ( Hon.) LL.D., D.Litt P ublisher/Editor 1919-1972 Contributing Editor 1972-1991 EILEEN DUPUCH CARRON, C.M.G., M.S., B.A., LL.B. Publisher/Editor 1972Published Daily Monday to Saturday Shirley Street, P.O. Box N-3207, Nassau, Bahamas Insurance Management Building., P.O. F-485, Freeport, Grand Bahama WEBSITE www.tribune242.com updated daily at 2pm LONDON Britain unveils a package of spending cuts this week the harshest since World War II but counterterrorism and cyber attack prevention were among areas expected to get funding boosts. Terrorism and cyber warfare have been identified as the two most serious threats facing Britain, and a higher priority than preparing for another international military conflict, according to Britain's national security strategy a detailed plan that spelled out the country's s ecurity priorities Monday. The announcement came just days after the head of Britain's eavesdropping agency, GCHQ, warned of the threat that cyber attacks pose to the country's computer infrastructure. Iain Lobban said 20,000 malicious emails had been detected on government networks each month, and significant disruption had already been caused by electronic worms. P reventing another attack like the 2005 suicide bombings that killed 52 London commuters was also a top priority. U.S. and British intelligence officials say a credible European terror plot is still active and being monitored. "While military spending on big ticket items like jets and tanks will probably be decreased, it is true that we will likely see spending hikes in cyber attack and terror prevention," said aB ritish government official who spoke on condition of anonymity because he was familiar with the spending cuts but was not authorised to speak to the media. Monday's strategy set the scene for Tuesday's Strategic Defence and Security Review, which will detail areas to be sacrificed to achieve the 7 per cent to 8 per cent savings demanded by Britain's treasury. Overall spending cuts will be announced W ednesday where government ministries are likely to see their budgets reduced by up to 25 per cent over four years far more than any other British administration since World War II has attempted, even under former Prime Minister Margaret Thatcher. Prime Minister David Cameron said he spoke by telephone to President Barack Oba ma on Monday, assuring him that Britainr emains committed to meeting its responsibilities in NATO. U.S. Secretary of State Hillary Clinton expressed concern last week about the impact of British budget cuts on NATO, amid fears that reduced military spending would affect London's relationship with Washington. Cameron told Obama the U.K. would remain a "first rate military power and a robust ally of the United States," his o ffice said. Home Office Secretary Theresa May said Monday efficiencies were possible without sacrificing security. Another British official who was also aware of the cuts but spoke on condition of anonymity because of the sensitivity of his job, said staff reorganisation had already provided some savings. Britain's cuts have raised questions of how it will be seen on the world stage, and more specifically what it means to its participation in the NATO-led military operations in such places as Afghanistan. Funding was also expected to be increased for mobile military units that have intelligence gathering capabilities and units within Britain where surveillance techniques have thwarted past terror plots. "We have every reason to believe that ... that there might actually be an increase in funding for cyber protection and all of the n ecessary anti-terrorism resources," said Louis Susman, U.S. ambassador to Britain. Cameron and Deputy Prime Minister Nick Clegg in a joint introduction to the strategy said Britain needed a "radical transformation" in its organisation of national security. "This strategy is about gearing Britain up for this new age of uncertainty weighing up the threats we face and preparing to deal with t hem," they said. Treasury chief George Osborne will announce details of more than billion ($128 billion rein in Britain's -billion deficit and reduce its huge debt. Daniel Benjamin, the U.S. counterterrorism coordinator, said such cuts were the reality of the times. "We're all living in a period of great austerity my own depart m ent at home is faced with the threat of significant budget cuts," Benjamin said. "But we have great understanding of what all of our partners are going through in order to get our financial houses in order, and we have a high degree of confidence that we have learned a lot and that our cooperation as the military would say is a 'force multiplier' and that there are efficiencies that can bef ound." Other major threats listed by the review included a large scale accident or natural haz ard such as pandemic flu and an international military crisis that could involve the U.K, and its allies. Lesser possible threats included the threat another state will use weapons of mass destruction or that there would be a severe dis ruption to information received or transmittedb y satellites. A conventional military attack on the UK is rated only as a "tier three" priority. Other risks include an attack on a NATO or European Union member or an overseas territory. The disruption of food or mineral supplies is also listed as a risk. Britain's Foreign Secretary William Hague said Sunday the country would remain a formidable player within the NATO alliance, m aintaining an independent nuclear deter rent, strong intelligence agencies and deployable military forces. "We will make sure this country is properly defended, that we continue to have an independent nuclear deterrent, formidable intelligence agencies, highly deployable armed forces so we will remain a global player," Hague told Sky News. (This article was written by Paisley Dodds, Associated Press Writer). Greed has no class or colour LETTERS firstname.lastname@example.org Cybersecurity may win despite UKs cuts MEETING DATES & VENUESWestern New Providence 7 p.m.,Wednesday, October 20, 2010 at H O Nash School Northern New Providence 7 p.m.,Tuesday, November 9, 2010 at the Ministry of Health Cafeteria, Meeting Street Southern New Providence 7 p.m.,Wednesday, November 10, 2010 at C V Bethel School Eastern New Providence 7 p.m.,Wednesday, November 17, 2010 at Dame Doris Johnson SchoolRegistration forms will be available and refreshments will be served. Youre invited to attendMinister of HealthThe Hon. Dr. Hubert Minnis, M.P.and members of the Drug Plan Team will be in attendance to answer your questions.A Series of PUBLIC MEETINGSonTHE NATIONAL PRESCRIPTION DRUG PLAN EDITOR, The Tribune. T oday, Wednesday, October 13, 2010, I watched ZNS Evening News and the staff at BCB covered their own affairs like nothing I have seen covered by ZNS before. I wonder if the reporting staff had given thism uch coverage to other important stories going on in t he country, would they be in this predicament? I also saw that the Union was up front and centre ( representing) the people. What has happened to the d ues collected from the BCB staff over the years, if governments severance package is not good enough, why does the Union not compensate their members with that money collected? S urely they have collected more than enough funds to do so. The Union even went to the extreme of causing staff to break the law regarding their contracts by allowing the staff to leave their jobs and march down-t own to the Cabinet Office to see Tommy Turnquest. The staff at ZNS has more training than a college can offer and the staff should use the experience gained to get together to open their own production companies to produce commercials, programmes, etc. But the staff knows exactly who they work with, so that wont happen. The people of the Bahamas have been far too long suffering from the numerous Government workers who just show up to work to get paid instead of doing the jobs they are hired to do. All Government workers need to be held accountable for their actions instead of treating Bahamians like they are doing the general public a favour for when it comes to the service they provide. We, the Bahamian Public, will always have this bur den to carry as long as the Ministers in charge of the Government departments refuse to make their staff accountable for their actions and ensure that the public gets value for their money. It is time to put away votes for jobs by putting incompetent or unwilling staff in Government posi tions for this country to ever move forward. GEOFFREY PYFROM Nassau, October 13, 2010. All Gover nment workers need to be held accountable for their actions E DITOR, The Tribune. The excessive staffing l evel at ZNS disturbs me greatly. No one, nor any govern ment for that matter, cana fford this kind of extrava gance. Please note the average staffing level of Big Fouri .e., ABC, NBC, CBS, FOX, US affiliate televi sion stations is 37 employ e es at most. Non-affiliate stations average 20 employees at most. Now I have spent nearly my e ntire adult life in the B ahamas and yes productivity is sometimes a con cern, however, employing o ver 200 persons to do w hat 35 can do elsewhere is extreme. Thank you for your time and attention regarding this matter. DEAN SPYCHALLA Nassau, October 15, 2010. Disturbed by excessive staffing level at ZNS
By NATARIO McKENZIE Tribune Staff Reporter email@example.com A DOMINICAN boat c aptain was fined $50,000 a fter he and 28 crew members pleaded guilty to fisheries law violations. Eduardo Diaz, 50, and his 28 crew members were arraigned before DeputyChief Magistrate Carolita B ethel yesterday, charged with engaging in foreign f ishing, two counts of poss ession of prohibited apparatus, possession of unders ized crawfish and possession of undersized grouper. According to court dockets, on Monday October 11 t he men were found fishing i n Bahamian waters o nboard the vessel Adrian I The vessel was intercepted by a United States Coast G uard Cutter in the Colum bus Bank, east of Raggedi sland. T he men were reportedly f ound in possession of nine air compressors, nine spear guns, a quantity of unders ized crawfish as well as a 1,600 pounds of grouper w eighing less than three p ounds each. The men, who were aided by an interpreter, all plead-ed guilty to the charges. Magistrate Bethel took into consideration the fact t hat they had not wasted the courts time. Diaz was ordered to pay the fine or serve a year in p rison, and ordered that his c rew members be deported. T he magistrate also o rdered that the vessel as w ell as the fish and apparat us be confiscated. C M Y K C M Y K LOCAL NEWS T HE TRIBUNE TUESDAY, OCTOBER 19TH, 2010, PAGE 5 TO DISCUSS STORIES ON THIS PAGE LOG ON TO WWW.TRIBUNE242.COM On-the-spot financing The new Grand Vitara is fuel efficient, with more passenger room, greater stability and reliable performance. Keyless remote entry Front dual air bags Power steering, windows, locks, mirrors Anti-lock brakes Driver Select 2x4 Air conditioning CD/radio/Aux Fog Lamps Roof Rails 17 Alloy wheels Steering wheel audio remoteA Comfortable and Affordable Compact SUV Price includes rustproofing, licensing and inspection to birthday, full tank of fuel, 24,000 miles/24 months warranty andemergency roadside assistance.We Take any Trade-Ins!Grand Vitara WAY OF LIFE! 18 Now a certain ruler asked Him, saying, Good Teacher, what shall I do to inherit eternal life? 19 So Jesus said to him, Why do you call Me good? No one is good but One, that is, God. 20 21 And he said, All these things I have kept from my youth. 22 So when Jesus heard these things, He said to him, You still lack one thing. Sell all that you have and distribute to the poor, and you will have treasure in heaven; and come, follow Me. 23 But when he heard this, he became very sorrowful, for he was very rich.Scripture ThoughtLUKE 18:18-23J esus Consels The Rich Young Ruler Boat captain fined $50,000 over fisheries law violations Eduardo Diaz and 28 crew members admit offences A DEFENCE FORCE OFFICER pictured with fishermen after the arrests. INSPECTING the prohibited fishing gear.
C M Y K C M Y K LOCAL NEWS PAGE 6, TUESDAY, OCTOBER 19TH, 2010 THE TRIBUNE TO DISCUSS STORIES ON THIS PAGE LOG ON TO WWW.TRIBUNE242.COM B y NICOLE WINFIELD Associated Press Writer VATICAN CITY Pope Benedict XVI proclaimed Australia's first saint, canonizing a 19th-century nun and also declaring five others aints in an open-air Mass attended by tens of thousands. Chants of "Aussie Aussie Aussie! Oi Oi Oi!" echoed throughout St. Peter's Square on Sunday as a raucous crowd of flag-and-balloon-carrying Australians used a traditional sports cheer to celebrate theh onour bestowed on their late native, Mary MacKillop. In Sydney, huge images of the nun were projected onto the sandstone pylons of the iconic Sydney Harbour Bridge. Pope canonizes first Australian saint, 5 others SEE page seven C ANONIZED: T he tapestry of Saint Mary of the Cross Mckillop, of Australia, is displayed on the on the facade of St. Peters Basilica.
Speaking in Latin on the steps of St. Peter's Basilica, Benedict solemnly read out the names of each of the six new saints, declaring each one worthy of veneration in all the Catholic Church. Among themwas Brother Andre Bessette, a Canadian brother known as a "miracle worker" and revered by millions of Canadians and Americans for healing thousands of sick who came to him. "Let us be drawn by these shining examples, let us be guided by their teachings," Benedict said in his homily, delivered in English, French, Italian, Polish and Spanish to reflect the languages spoken by the church's newest saints. A cheer had broken out in the crowd when MacKillop's name was announced earlier in the Mass, evidence of the significant turnout of Australians celebrating the humble nun who was excommunicated for a few months in part because her religious order exposed a pae dophile priest. Even more MacKillop admirers an estimated 10,000 converged Sunday at the Sydney chapel where she is buried and at Sydney's Catholic cathedral, where a wooden cross made from floorboards taken from the first school that MacKillop established was placed on the steps. Thousands of other Australians spent Sunday evening watching live broadcasts of the Vatican ceremony on television at home or on large outdoor screens in Sydney, in Melbourne where she was born, as well as in Penola, where MacKillop established her first school. Born in 1842, MacKillop grew up in poverty as the first of eight children of Scottish immigrants. She moved to the sleepy farming town of Penola in southern Australia to become a teacher, inviting the poor and local Aborigines to attend free classes in a six-room stable. She co-founded her order, the Congregation of the Sisters of St. Joseph of the Sacred Heart, with the goal of serving the poor, the sick and the disadvantaged, particularly through education. "She supported Aboriginal people because she believed in supporting people who were disadvantaged," said Melissa Brickell, a pilgrim from Melbourne who was in St. Peter's Square for the ceremony. "She is a friend of Aboriginal people from the early days." As a young nun in 1871, MacKillop and 47 other nuns from her order were briefly dismissed from the Roman Catholic Church in a clash with high clergy. In addition to bitter rivalries among priests, one of the catalysts for the move was that her order had exposed a paedophile priest. Five months later, the bishop revoked his ruling from his deathbed, restoring MacKillop to her order and paving the way for her decades of work educating the poor across Australia and New Zealand. In his homily, Benedict praised MacKillop for her "courageous and saintly example of zeal, perseverance and prayer." "She dedicated herself as a young woman to the education of the poor in the difficult and demanding terrain of rural Aus tralia, inspiring other women to join her in the first women's community of religious sisters of that country," Benedict said in English. MacKillop became eligible for sainthood after the Vatican approved a second mir acle attributed to her intercession, that of Kathleen Evans, who was cured of lung and brain cancer in 1993. In a statement Sunday, Evans said she was humbled by MacKillop's example, grateful for her healing and overjoyed that MacKillop will now be more widely known. "I think she would be delighted to see so many people looking at their own lives and considering how they can live better and care more," said Evans, who brought relics of MacKillop up to the altar during the canonization Mass. Veronica Hopson, 72, was MacKillop's first miracle, cured of leukemia in 1961. She broke half a century of silence about her case, telling Australia's Channel Seven's Sunday Night programme: "How does a mir acle feel? I feel very fortunate that I was given the opportu nity to live my life, have a fam ily, have grandchildren, so that's a miracle." C M Y K C M Y K LOCAL NEWS T HE TRIBUNE TUESDAY, OCTOBER 19, 2010, PAGE 7 TO DISCUSS STORIES ON THIS PAGE LOG ON TO WWW.TRIBUNE242.COM COMINGTOGETHER: Faithful gather in St. Peters square at the Vatican during a Canonization Mass led by PopeB enedict XVI, on Sunday. Tens of thousands of people have packed St. Peters Square for the canonization of Australias first saint and five other people fromd ifferent countries. ( AP Photo /Pier Paolo Cito) First Australian saint canonized ( A P Photo / Pier Paolo Cito) MEETANDGREET: Nuns greet Pope Benedict XVI at the end of a Canonization Mass in St. Peters square at the Vatican, Oct. 17, 2010. F ROM page six
C M Y K C M Y K LOCAL NEWS PAGE 8, TUESDAY, OCTOBER 19, 2010 THE TRIBUNE TO DISCUSS STORIES ON THIS PAGE LOG ON TO WWW.TRIBUNE242.COM ously, or alternatively think we are so desperate that we will do whatever we are asked to do. But our strength is not weakened. Mr Ingraham added that his government was very pleased that the Import-Export Bank of China is willing to invest $2.6 billion in the Bahamas, but stressed that the government is concerned about making sure that the maximum benefits are derived by Bahamians and the economy of the Bahamas. Stressing this point, Mr Ingraham said that the Baha Mar project must be done in a fashion that will not threaten current projects, such as Atlantis. We have Atlantis now. We dont want to be like the dog with a bone in its mouth, who sees its shadow in the water, and lets it go in order to pick that shadow up. We want to make sure that that next bone is capable of being developed, and operated in a way whereby they can both be successful in the context of the Bahamas. Thats our interest in these projects. Resolute In fact, Mr Ingraham appeared so resolute in his position that when he was asked what would happen to the Baha Mar project if the Peoples Republic of China likewise was unwilling to give any ground on their demands, Mr Ingraham laughed and said, You figure that out. When we are ready we will talk to Baha Mar. Baha Mar seems to be talking to us through the newspaper. Mostly through The Tribunes Business page. I saw them this morning, I watched them on Wendall Jones show. I heard them. At one point we will talk to them, he laughed. Yesterday, Baha Mar announced by a press release that it had signed a letter of intent to have Hyatt Hotels Corporation to operate and manage the planned 700-room Grand Hyatt to be included as part the destination resort metropolis, Baha Mar Resort. When asked if this announcement had shifted his opinion of the resort, Mr Ingraham emphatically pronounced not at all. If you recall, when the Baha Mar deal was announced it was supposed to be a partnership with Harrahs a major hotel casino company. Harrahs was going to put in over $200 million in cash as its equity. All that I have read in the newspapers thus far talks about people who are going to manage a hotel. It is critical for there to be equity partners, owners, in the project who are in the hotel business, and who are major players in the hotel business. Not managers. Managers come a dime a dozen. We see them all the time. They are the easiest thing to pick up in the world. Managers, because they have nothing in it other than collecting their money off the top, he said. FROM page one PM: No U-turn on Baha Mar take his last breath. He was a very good father and a good brother. He had his moods, he had his ways, but basically he was a very likable per son. He was Joe. I dont know of a soul who met him who didntl ike him. He didnt talk much, he didnt keep company. There were very few people he let into his inner circle, she said. Mr Tynes leaves behind two children, ages 10 and three. The investigation into the shooting continues, but police have not reported any major leads. MURDER VICTIMS SIS TER TELL S OF HEARINGSHOT FROM page one
C M Y K C M Y K LOCAL NEWS T HE TRIBUNE TUESDAY, OCTOBER 19TH, 2010, PAGE 11 TO DISCUSS STORIES ON THIS PAGE LOG ON TO WWW.TRIBUNE242.COM The Bahamas Electricity CorporationTenderThe Bahamas Electricity Corporation invites Tenders for the services described below: Bidders are required to collect packages from the Contact: Ms. Charlene Smith at telephone 302-1158 Submissions should be marked as follows: Tender No. 736/10 Street Lighting Installation and Maintenance Services New Providence Tenders are to be addressed to: Mr. Kevin Basden General Manager Bahamas Electricity Corporation Nassau, Bahamas Deadline for delivery to BEC: 5th November, 2010 no later than 4:00 p.m. The Corporation reserves the right to accept or reject any or all proposals. Mr. Kevin Bowleg at telephone 302-1240 suspect within the next two weeks more of the defendants will come before the court, he said. W hen the vendors were arrested by airport officials in New York last month, they faced the possibility of being indicted for conspiracy to defraud the United S tates for being in possess ion of illegal counterfeit i tems. T o date, no indictments have been filed by Christop her Fry, the Southern District of New York prosecutor, according to Mr Sagor. Last week, straw vendor Tracy Davis was the first of t he nine vendors to be sent enced. She also pleaded g uilty and was sentenced to t ime served. In the case of Mrs Davis, New York Judge R ichard Sullivan said he was q uite moved by the letters of s upport for Mrs Davis. A ttorney Howard Jacobs, representing Roshanda Rolle said he was also working to negotiate a disposition of the case for his client. Hes aid normally the government would have already g one to the grand jury for an indictment. Mr Jacobs said he and the prosecutor have been attempting to connect u nsuccessfully, but he planned to make another effort yesterday. Concer ned Member of Parliament Fred Mitchell said the Pro-g ressive Liberal Party r emains concerned about the fate of the vendors who appear to be pawns in as tate-to-state battle over intellectual property. He said he got the impressionf rom attorneys representing the women that they were frustrated that matters are not moving forward. The US is a country that works on mobilising public opinion. If the FNM admin i stration properly organised the Bahamian diaspora in New York they would bring pressure to bear on the situ-a tion. They would be able to get to their congressmen, senators and try to get ita ddressed, said Mr Mitchell. I want to make it clear that from the oppositions point of view the responsi bility is raising public opin ion, he said. Mr Mitchell said he planned to send a note to the New York Times seeking to interest the paper in the case. If there is no action by midweek, he said other options would be explored, including organizing a demonstration by the Bahamian community in New York and seeking the intervention of the American Civil Liberties Union and the National Association for the Advancement of Coloured People (NAACP The point must be made that with all of the past and existing cooperation that The Bahamas has given and gives to the United States on criminal matters, the response of the U.S. government to these vendors and their alleged offences is dis proportionate to the scale of the alleged offences, saidMr Mitchell. Two straw vendors admit trafficking charges FROM page one BCB this year. In addition to these monies, Mr Ingraham said that the government of t he Bahamas has to invest between $1.5 to $2 million to upgrade the facilities at the BCB to bring it into the digital age, and the only way to do so was by having the downsizing exercises. The government feels that it acted most honourably and most fair and quite frankly we were very disappointed at the attitude of some people in terms of what we offered because we offered far more than we were legally or contractually obliged to do. We sat down with the unions and they agreed a deal as to how much you pay if you make somebody redundant. We have honoured that in full. We have paid on top of that additionally, we had to pay for health insurance for all the disengaged workers for the next 12 months. We would have paid more than $700,000 more than we were legally, or contractually obliged to pay in respect of 80 persons. And I really believe that ingratitude is not a good thing for people to have, he said. As to the actions of the Board of ZNS, Mr Ingraham said that he was very pleased with their handling of the terminations despite the many criticisms to the contrary. I am very pleased that the Board of ZNS did their job the way they did, notwithstanding the lie told on the Minister that the Minister promised other public sector jobs to workers who may be disengaged from ZNS. The Minister did no such thing, he could not do any such thing, because all the money comes out of one pocket. It is all the government money. So if I have money to pay you by putting you on the payroll over here I might as well keep you over there. So that made so sense. But people keep saying it, and saying it. So I would like to put the lie to bed once and for all. Mr Ingraham added that at some point in the future there will be announcements on the structure of the Bahamas Information Services as well. Government acted honourably on ZNS layoffs FROM page one watched as his business went up in flames. The company provided several services, including landscaping, farming/gardening supplies, and janitorial service. I am devastated, said Mr Russell. We dont know what happened. When The Tribune arrived at the scene, a crowd of onlookers were gathered in the area. Thick black smoke drifted into the evening sky and small explosions could be heard going off as the fire and heat intensi fied. Closed Supt Macktavius Daniel, offi cer in charge of Central Division, reported that the business had already closed for the day and no one was at the business or on the property when the fire started. At about 5.40pm smoke was seen emanating from the building and the fire department was alerted, he told The Tribune. Two fire trucks responded to the scene. Firemen from the Grand Bahama Airport Company also assisted. When firemen arrived the building was fully engulfed with flames and the owners arrived shortly afterwards and attempted to extinguish the fire, but it appears the fire was already out of control, said Supt Daniels. Nobody was inside because the business closed at 4pm, Mr Russell said the business employed 50 persons. F LAMESOFFURY: T he business is destroyed. Major business goes up in flames FROM page one REMAINING ZNS employees can breathe a sigh of relief, despite a few loose ends at the Northern Service station, now that the staff restructuring exercise at ZNS has been completed. Eleven workers in Grand Bahama, including five managers, received severance packages yesterday and the fate of the final three staff members scheduled for layoff will be decided tomorrow, BCB Chairman Michael Moss confirmed. Among those receiving severance packages were veteran managers, Louise Minnis, Human Resources, and Liz Grant, Sales. Though the process at the northern station was admittedly smoother, Bernard Evans, president of the Bahamas Communications and Public Managers Union (BCPOU In New Providence, the downsizing exercise which was described as "indiscriminate and unjust" by union executives reportedly left 71 employees out of work last Friday. Both the BCPOU and the Bahamas Communications and Public Managers Union (BCPMU ble legal action where applicable. During yesterdays exercise, Mr Moss admitted there will be major restructuring to job functions across the board at ZNS, specifically in Grand Bahama, where he said the overall leadership position had been reduced. In the wake of the mass layoffs, employees, union officials, and the wider public are awaiting further information from the BCB about the new look planned for ZNS. RELIEF AS STAFF RESTRUCTURING ENDS
C M Y K C M Y K SECTIONB firstname.lastname@example.org TUESDAY, OCTOBER 19, 2010 THETRIBUNE $4. 68 $4. 51 $4. 69The information contained is from a third p arty and The Tribune can not be held r esponsible for errors and/or omission from the daily report.$ $4.19 $4.20 $4.26 rnftn+#(%*'#(''% &b +#!#"& #'*#%& %+ #"*%' %"%#%*%*#*&*%## #!$ '(%&"''%&$%%##!'%$ *## ##%"'($$%),)#%!#%' + '$"% $"#, !&$"%(&* !))'" !&'!&&-+&%)()#&% nbb '&(( #!' [Learn more at royaldelity.com] Royal Fidelity Margin LoansSanta has anearly Gi for You! 7.5% OFFER VALID through December 31st, 2010*SpecialtermsandconditionsapplyBAHAMASNassau:242.356.9801 Freeport:242.351.3010BARBADOSSt.Michael:246.435.1955 TO DISCUSS STORIES ON THIS PAGE LOG ON TO WWW.TRIBUNE242.COM By NEIL HARTNELL Tribune Business Editor Customs demand for a bonded goods sales report would force a leading Freeport wholesaler to submit box loads of p aper, given that it conducts an average of 12,000-14,000 s uch transactions per month, court papers filed against the Government agency have disclosed. Kellys (Freeport o f Customs demand for such a report, is also seeking damages for the wrongful detention and/or conversion of its imported products, and the refusal to process those i mports, given that the Departments detention of its eight t railers impacted its $3 million inventory levels. T he wholesaler and its attorney, Fred Smith QC, the CalCustoms box loads of paper demand over 12-14,000 sales Freeport-based wholesaler seeks damages for wrongful detention and refusal to process imports, filing for Judicial Review of bonded goods sales report Government agency alleged to be interfering with very lifeblood of firms $3m inventory levels Company grows over 10 years from 25 employees and sales of $2-$3m, to 100 staff and $10m sales SEE page 4B GAVINWATCHORN B y NEIL HARTNELL T ribune Business Editor Bank of the Bahamas Intern ational exceeded its internal net income projections for its 2010 fiscal year by about $1.5 m illion, Tribune Business was told yes terday, its m anaging d irector adding that the BISXl isted financial institution had enough capital to support t he bank for the next five years. Unveiling net income of $7.7 million for the year to June 30, 2010, PaulM cWeeney said the 13.1 per cent growth achieved in its $629 million loan portfolio helped to counteract the moret han-$7 million rise in gross Bank beats profit forecast by $1.5 million Bank of the Bahamas International hits $7.7m profits,w ith revenues from 13.1% loan b ook growth offsetting $7m rise i n gross loan loss provisions Total revenues up 6.4% for year to June 30, as banke xtends stress testing to y ear-end 2011 Total capital ratio at almost 25%, well over regulatory requirements, and enough to c arry bank for five years In discussions with two p ossible tenants for W e st Bay headquarters, and eyeing new electronic banking and p ayment card products SEE page 4B PAUL M CWEENEY By NEIL HARTNELL T ribune Business Editor Despite a 70 per cent yearo ver-year reduction in profits for its fiscal 2011 half-year, AML Foods is trending in line with business plan projections t hat will result in a fourth quarter sales rise, its chief executive telling Tribune Business yesterday that third quarter top-line figures had reversed trend to consistently come in either flat or above 2009 levels. Gavin Watchorn, the BISX-listed food groups chief executive and president, said that despite net income for the six months to July 31, 2010, falling from $2.22 mil lion in 2009 to $665,000, with a similar 68.3 per cent drop in the second quarter from AML Foods on tar get despite 70% profit fall Sales down 7.8% for first half, b ut improve in Q3 on track to beat 2009 comparatives in final quarter T wo franchise offers rejected because not right fit Still on target to pay year -end dividend if profitability holds SEE page 5B B y ALISON LOWE Business Reporter A email@example.com Former MP and Cabinet Minister, Tennyson Wells, yesterday confirmed his investor group is hunting for financing to move forward with the purchase of Bacardis Clifton Pier facility, with plans to develop it into a major biodiesel pro duction plant that would service the Bahamas and the Caribbean. Mr Wells said the project could potentially create hundreds of spin-off jobs in the farming of plant material from which the biofuel could be derived, adding that it would be a majority Bahamian-owned joint venture, possibly with Bioverde, the second largest biodiesel manufacturer in Brazil. He added that it was difficult to say at this stage whether the investment will go Hundreds of jobs via biodiesel plant n Ex-Cabinet Ministers investor group to know by Spring 2011 if facility at Bacardis Clifton property viablesi n Hundreds of thousands of dollars tied up in Clifton property purchase option, with joint venture with Brazils second top biodiesel manufacturer being eyed n Biodiesel export being assessed, with 50-70 million gallons a year production target n Film and television studio at main former Bacardi plant, and machine and welding shop, also planned TENNYSON WELLS SEE page 11 By ALISON LOWE Business Reporter firstname.lastname@example.org A retail entrepreneur yesterday said two years of recession had forced him to axe 104 jobs and 12 locations across his group had been sacrificed in order to keep the likes of John S George, Quality Business Centre (QBC Shack alive in The Bahamas. Speaking at the 2010 Visionary Business Leaders Entrpre neurs and Awards Conference, held under the theme Surviv Retail operator for ced to shed some 12 sites John S George, QBC and Radioshack owner outlines pain of downsizing in recession, letting over 100 employees go SEE page 3B By ALISON LOWE B usiness Reporter email@example.com There was a 4 per cent decrease in the first ten months of 2010 in the number of shopbreaking cases reported to police compared to 2009, the Minister of National Security said yesterday. This amounted to 972 episodes of shop breaking between New Years Day and October 13, 2010, compared with 1,016 in 2009. Thats a reduction but its still too high, said Tommy Turnquest, speaking at the 2010 Visionary BusiShop br eaking sees 4% decline SEE page 3B
C M Y K C M Y K BUSINESS PAGE 2B, TUESDAY, OCTOBER 19, 2010 THE TRIBUNE TO DISCUSS STORIES ON THIS PAGE LOG ON TO WWW.TRIBUNE242.COM RoyalFidelity Market Wrap It was moderate week of trading in the Bahamian stock market. Investors traded in six out of the 24 listed securities, with two decliners and all the other stocks remaining unchanged. EQUITY MARKET A total of 35,050 shares changed hands, representing an increase of 30,735 shares compared to last week's trading volume of 4,315 shares. Focols Class 'B' Perpetual Preference shares (FCLB were the volume leader last week, trading 24,000 shares to close unchanged at $1. Doctors Hospital Health Systems (DHS decliner in the week, trading a volume of 2,000 shares to see its stock price close down by $0.13 at $1.77 BOND MARKET No notes traded in the B ahamian bond market last week. COMPANY NEWS Earnings Releases: There were no earnings releases from any of the listed companies last week. BISX CLOSINGWKLY VOLUME YTD SYMBOL PRICE PRICECHANGE PRICECHANGE AML$ 1.01$-750-13.68% BBL$ 0.18$-0-71.43% BOB$ 4.90$-0-16.95% BPF$ 10.63$-0-1.02% BSL$ 5.01$-0-50.20% BWL$ 3.15$-00.00% CAB$ 10.00$-00.20% CBL$ 6.59$-0.014,500-5.86% CHL$ 2.50$-0-8.09% CIB$ 9.74$-0-2.50% CWCB$ 1.93$0.040-32.28% DHS$ 1.77$-0.132,000-30.59% FAM$ 6.07$-0-6.47% FBB$ 2.17$-0-8.44% FCL$ 5.46$-014.47% FCLB$ 1.00$-24,0000.00% FIN$ 8.50$-800-8.41% ICD$ 5.59$-3,0000.00% JSJ$ 9.92$-0-0.30% PRE$ 10.00$-00.00% EQUITYMARKETS TRADINGSTATISTICS I NTERNA TIONAL MARKETS FOREX Rates Weekly % Change Currency CAD0.99080.17 GBP1.59870.18E UR1.39780.34 Commodities Weekly % Change Commodity Crude Oil 82.70-1.78 Gold1,367.501.94 I nternational Stock Market Indexes IndexWeekly% Change DJIA 11,062.78 0.51 S&P 500 1,176.19 0 .95 NASDAQ 2,468.772.78 Nikkei9,500.25-0.92 B OND MARKET TRADING STATISTICS BISXDESCRIPTION VOLUME PARVALUE S YMBOL FBB13FBB Series0$1,000 C Notes Due 2013 FBB15FBB Series0$1,000 D Notes Due 2015 F BB17FBB Series0$1,000 A Notes Due 2017 FBB22 FBB Series0 $1,000 B Notes Due 2022 The Bahamas Financial Services Board (BFSB receive its 2010 Development & Promotion Award due to her development of an innovative SMART Fund Model. The most recent addition to the Bahamas SMART Fund product range, SFM006, the 'Side Pocket' SMART, was designed by Mrs Klonaris, of Klonaris & Co, and had its genesis in the immediate aftermath of the financial crisis. With the hedge fund industry facing a crippling level of investor redemptions, coupled with relative illiquidity in some portfolio assets, redemption restrictions became commonplace. Within this climate, Mrs Klonaris realised the Bahamas SMART fund provided a facility to offer a tailored, customer-focused alternative. The Side Pocket SMART is designed to provide fund operators with a simple, inexpensive mechanism to remove illiquid investments from a fund portfolio, while also respecting fully the rights of current investors and creditors. Approval With 75 per cent approval from the funds existing shareholders and creditors, the Side Pocket SMART allows the parent funds operators to transfer up to 30 per cent of the portfolio into a new Side Pocket SMART, to be held without active management or administration for an unlimited period. Klonaris & Co is a boutique firm established in 2001 with an extensive securities, private client, real estate, trust, banking, corporate and Immigration practice. Its clients include internationallyrecognised banks, brokerage firms, advisors, real estate investors and fund administrators, as well as other international and domestic institutional clients and individuals. Mrs Klonaris attended The University of The West Indies (Jamaica & Barbados University and the London School of Economics, University of London, both in London, England. A member of the Bahamas Bar and Bar of England and Wales (Grays Inn Klonaris began her career with Ansbacher (Bahamas manager, corporate services and in-house counsel. In 1994, she moved into private practice with Callenders & Co, and currently as a partner at Klonaris & Co practices principally in the areas of corporate and commercial law, banking and securities. She served as chairperson of the Society of Trust and Estate Practitioners (STEPfrom 1999 to 2001, and director of the Bahamas Financial Services Board from 2000 to 2004. The BFSB will present the award to Mrs Klonaris at the upcoming Annual FSI Excellence Awards Dinner on October 22. At that time, BFSB will also will announce the 2010 Executive of the Year Professional of the Year Achiever of the Year and FSI Student of the Year SMART innovator to receive BFSB award The Bahamas Financial Ser vices Board (BFSB warded the nominees for this years Financial Services Indus try Excellence Awards to the Blue Ribbon Panel. These are: Achiever of the Year (AOTY Garnel Leo, controlling and a ccounting systems specialist, UBS Trustees (Bahamas Dominique L. Glinton, legal administrator/office manager, Glinton Sweeting OBrien Shantell Hall, client services officer, FirstCaribbean International Bank Tyran D. Thompson, per sonal banking officer, Scotia bank Bahamas Professional of the Year (POTY Aldeka D. Thompson, trust relationship manager, Credit Suisse Trust Alysia Archer-Colebrooke, assistant to the executive director/deputy manager, Securities Commission of the Bahamas Mildred L. Johnson, man ager compliance/human resources/corporate services, the Hong Kong & Shanghai Banking Corporation (HSBC Group) Perez W. Donald, trust relationship manager, SG Ham bros Bank & Trust Sharlyn R. Smith, attorney, Sharon Wilson & Co. Valentino S.L. Bethell, head of European desk, private banking unit, Societe Generale Private Banking Veronica E. Moncur Sher man, team head, Asia desk, UBS Trustees (Bahamas Executive of the Year (EOTY Cheryl E. Bazard, princi pal, Bazard & Co. John M. Lawrence, chair man, Windermere Corporate Management Limited/chief executive, Metropolitan Bank (Bahamas Miguel Gonzalez, managing director, SYZ & CO Bank & Trust The Blue Ribbon Panel will make its selections and keep the names secret until the Awards Gala Dinner on Octo ber 22. Also to be recognised at the Awards Dinner is the 2010 Recipient of the Development& Promotion Award, Pamela L. Klonaris. The BFSB is celebrating the 10th anniversary of the awards programme this year, and the event will be held in the Inde pendence Ballroom, Sheraton Nassau Beach Resort. Financial honours nominees unveiled P AMELA KLONARIS
B y ALISON LOWE Business Reporter firstname.lastname@example.org Having stuck diligently to what he considered sound business principles, leading to 2007 becoming a peak year for the company, Superwash president Dionisio DAguilar is now racking his brains on how to stimulate revenue following three years of decline. Mr DAguilar blamed the slump on the economy and more competition entering the laundromat business, revealing that one of the innovative new tactics implemented free WiFi internet, which has been foundto be successful in drawing in customers at the Carmichael branch will now be rolled out throughout all Superwash locations in an effort to boost business. Mr DAguilar spoke when he appeared as a panellist at the 2010 Visionary Business Leaders Entrepreneurs and Awards Conference at the British Colonial Hilton yesterday. During the event, Joan Albury, president of The Counsellors, Silbert Mills, chief executive of the Bahamas Christian Network, and Bahamas Ferries, were presented with awards recognising their achievements in business. Mr DAguilar, along with businessman and former Cabinet Minister, Tennyson Wells; Gus Cartwright, owner and president of Checkers Cafe; and Burton Wallace, president of the Movi Productions, gave their insights into how they have been able to succeed in their respective sectors and what recommendations they would give to other business operators seeking to compete in the fast lane with the big boys. Mr DAguilar said he learnt from his father and uncle, who started Superwash, that paying off ones creditors promptly was key, and he himself determined that re-investing money earned in equipment and facility upgrades to keep things modern and fresh, rather than immediately enjoying the fruits of your labour, was paramount to business growth. It took Superwash 20 years to get to $1.7 million. It takes a long time to grow a business (but have been successful is we put money aside, so when the time comes to replace that equipment the money is there. Too many of us forget that, said Mr DAguilar. Meanwhile, the laundromat giant said that being prepared to make drastic changes to remain competitive like the single most important decision ever made at Superwash, that of going 24 hours is paramount to surviving and prospering in business. Sales doubled in our Carmichael location, said the Superwash president of the effect of the move. And, most critical of all, said Mr DAguilar, is making yourself available to your customers. At Super Wash my cellphone number is on the wall, so if (an employee you the eye like I dont want to deal with you today you can simply give me a call. And its amazing how few calls I get because the staff know its there. On the other hand, Mr DAguilar said he has also caught alot of people doing funny businessbecause someone called me from the branch and told me. ing and Thriving: 2010 and b eyond Andrew Wilson said that as far as he was concerned, the challenge today is surviv ing. I am not optimitistic about the ability of businesses to thrive in the near future...I know when I was young man I wouldve taken suffering forn ext the 15 years, but there comes a time when reality sets in. Theres comes a time whenit is best said that the party is over and we need to be realisticin our expectations, said Mr Wilson. Mr Wilson took over the ownership of John S George shortly before the global recession struck in 2008, investing hundreds of thousands of dollars in refurbishing the chain of stores, including a total retrofitting of the flagship store in Palmdale. However, this investment became somewhat of a white elephant for Mr Wilson whensales dropped off heavily in line with the economic downturn. Yesterday, Mr Wilson con firmed that in order to keep the John S George chain alive he has had to reduce his staff from around 170 to 66, and consolidate his groups locations from 20 to eight in just over two years. This was not only expen sive, as the law in the Bahamas requires generous severance packages for managers, super visors and all employees based on duration of service ,but emo tionally it was very taxing letting go many persons into a very hostile and not promising business environment, he said. I had developed relationships over the years with their entire family But, nevertheless, it was necessary for the survival of the enterprise and my ability to continue to feed my children meant that those hard decisions be made. Mr Wilson added that he also took the difficult decision to cut out the pension and healthcare provisions that employees of John S George had received when he took over the compa ny, finding them one of the biggest burdens with respect to the viability of the business. It is not a lack of love for fellow citizens that required me to abandon the pensions and healthcare plan. It was not sustainable, he explained. If its requiring you to sell a screwdriver for $5 when your customers can buy it elsewhere for $2, it doesnt take you long to realise there will be no business if you dont do something about it. Mr Wilson noted that a major factor in the move to reduce the number of retail outlets was the cost of electricity. The cost of electricity in the Bahamas is just too high. It is cheaper to operate a generator to operate your business than it is to purchase utilities from BEC. And there is something that is wrong with that picture, he said. Giving advice to conference participants on doing business in the recession, Mr Wilson said: The only advice I can give is that you have to make the hard decisions. I dont see that we can expect to do business in same way and survive and prosper. C M Y K C M Y K BUSINESS T HE TRIBUNE TUESDAY, OCTOBER 19, 2010, PAGE 3B TO DISCUSS STORIES ON THIS PAGE LOG ON TO WWW.TRIBUNE242.COM 14thAmericas Food&Beverage Show&Conference For information contact Omar Gonzalez a t email@example.com. Great a irline and hotel discounts available.October26-27,2010MiamiBeachConventionCenterM EET +350 exhibitors from +27 countries W ITNESSt he Americas Chef Competition, where Olympic Chefs try to conquer the AmericasVISIT20 international pavilions, offering u nique products and servicesNETWORKwith 6,000 food and beverage b uyers from 63 countries under one roofBENEFITfrom a one stop opportunity for i deas, products and business A ttend theRegister NOW:www.americasfoodandbeverage.comDONT MISSthe Taste of Peru Pavillion Retail operator for ced to shed some 12 sites FROM page 1B ness Leaders, Entrepreneurs and Awards Conference at the British Colonial Hilton yesterday. There was also a 3 per cent drop to 644 in armed robberies in 2010 compared to 2009 for the year so far. While he did not break down the figures overall, Mr Turnquest noted that as an example of the extent to which businesses are impacted by this crime, January 2010 saw businesses targeted in 26 per cent of all armed robberies. Mr Turnquest advised business owners and other participants present at the conference that the business community is counted as a partner with the police in crime fighting. Voluntary actions business can take assist in deterring and catching criminals. We recommend business regularly assess those factors that make them vulnerable and invest strategically in overcoming those. One particular piece of advice given by Mr Turnquest to business owners seeking to protect their assets is to ensure that any security firm they hire is registered with the Ministry of National Security. That way you will know they have been vetted by police. They should all have a license booklet to show theyre duly licensed. We urge businesses not to engage security firms that are not duly registered, otherwise you will have no assurance they have gone through some vetting process. Meanwhile, Mr Turnquest suggested that if they have not already, business owners and managers should make contact with the polices Divisional Commander in charge of the area in which their businesses is located. Divisional commanders have been urged to get to know business persons so they can respond to their needs, he said. Business security can be further enhanced, added Mr Turnquest, by the avoidance on the part of business owners and their employees of predictable schedules in the way they go about their daily routines, especially those associated with cash. Bullet proof partitions, good lighting and alarm systems are highly effective and recommended by police. It is recommend that security systems be of good quality, he said. Providing figures from the polices Commercial Crimes Unit, Mr Turnquest also revealed that stealing in its various forms was the greatest reported crime impacting businesses in the first six months of 2010, followed by fraud. Fifteen cases of stealing, 19 cases of steal ing by reason of employment, 17 cases of stealing by reason of service and 48 cases of fraud were investigated by police from January to June 2010. Two attempted frauds, three cases of forgery, 13 cases of possession of forged documents and two cases of bribery were also investigated by police. The Minister noted that the government is shortly due to put out to tender a nation al CCTV (closed-circuit television ject, which will add to the CCTV facilities already in place on Woodes Rodgers Wharf, Paradise Island and that most recently-installed in Cable Beach. Then well have a unified system. We brought in a detective inspector from the London Metropolitan police force earlier this year, who gave us some advice as to what theyve done in London, England. They are one of the most watched cities in the world and they have found that CCTV became an effective tool for them in terms of identifying hot spots and potential criminal activities. FROM page 1B Shop breaking sees 4% decline Laundromat chain turn to WiFi growth
C M Y K C M Y K BUSINESS PAGE 4B, TUESDAY, OCTOBER 19, 2010 THE TRIBUNE TO DISCUSS STORIES ON THIS PAGE LOG ON TO WWW.TRIBUNE242.COM lenders & Co partner, are seeking Supreme C ourt declarations that its ability to sell dutyexempt, bonded goods to other Grand Bahama Port Authority (GBPA for use solely in their own businesses is not conditional on the submission of such monthly reports. They are also seeking declarations that t here was no lawful basis for Customs to h ave either demanded a monthly bonded goods sales report or detain Kellys (Freeports compliance with the same. And, for good measure, they are seeking an injunction to prevent Customs from detaining or refusing to process imports b elonging to GBPA licencees on the grounds that no bonded goods sales report has been received. Setting out its case in the Judicial Review application, which has been obtained by Tribune Business, Kellys (Freeport b ecame aware of the demand for a monthly bonded goods sales report when it receiveda letter from Customs on August 6, 2010. In fact, at no time over the last 20 years has Customs requested an over-the-counter b onded sales report from Kellys, nor has Kellys provided, or agreed to provide, such a report, the Freeport wholesaler alleged. Letters The applicant understands that, at about t he same time, similar letters were sent to a n umber of other GBPA licencees. The applic ant has been informed by various licencees t hat some have never submitted, or been asked to submit, a bonded sales report, while others have submitted what they thought was such a report. But, in each case, the type of information submitted to Customs varied from retailer to retailer. It is apparent that there is no consistency in what is sought or from whom. Alleging that Customs demand had no b asis in law, and that it could not be delin quent as the government agency had sugg ested, since it had never been asked to supply a bonded goods sales report before, K ellys (Freeport short and unreasonable notice. It would involve [us] in considerable effort and expense to create a plug in or module for the software to establish a system for reporting to Customs along the lines out lined in the letter of August 5, 2010, which [ we] certainly could not have accomplished in the time demanded, Kellys (Freeporta lleged. And the court papers added: The Appli c ant [Kellys] maintains an annual average inventory of $3 million. In order to manage its inventory and business, the applicant has employed, at considerable cost, expert software computer technicians from abroad who p eriodically develop inventory and reporting systems and computer programs, which arec ostly to produce and to change. In addition, t hey cannot be changed overnight or on short notice. The Applicant has a copy of every purc hase order presented by a licencee purchasing the duty-exempt goods. Thus the Applicant [Kellys] is able to produce to Customs a copy of every transaction invoiced to a licencee relating to the purchase of dutyexempt goods. By way of example, in an average month, the number of transactions exceeds 12,000 to 14,000. To produce this to Customs would involve the delivery of box loads of paper each month. Kellys (Freeport ness that, over the last 10 years, had grownf rom a 28,000 square foot store, with 25 employees and gross annual sales of $2-$3 million, to a firm with a 115,000 square foot store under roof, featuring 100 staff and $10 million in gross per annum sales. Detailing how Customs refused to clear eight trailers imported by Kellys (Freeport after the company did not produce the r equested report, even after its attorneys approached the government agency on its behalf to offer to develop a standard reporting process and report that would apply to all licencees conducting similar businesses, the Judicial Review application confirmed that the trailers were finally released after inter-v ention by the Prime Minister and his mini ster of state for finance, Zhivargo Laing. Y et Kellys (Freeport s on of the wrongful detention and/or conv ersion of its containers, the Applicant suff ered loss and damage. By reason of Customs unlawful actions, the Applicant lost opportunities to sell the goods in the con-t ainers that would have been available had t he containers been cleared in the normal c ourse of business in a timely manner. Further, as the Applicant had run out of various items of stock due to the detention of the containers, it is highly likely that the A pplicants customers seeking to buy those items would have purchased them from theA pplicants competitors. The Applicant also incurred increased demurrage and wareh ousing expenses, [and] will seek an Order f or damages to be assessed. Then, Kellys (Freeport receiving very few queries over the years, i ts duty-paid sales entry for September 2010 w as also rejected by Customs, along with $50,504 in taxes, on the grounds that no bonded goods sales report was received. Customs allegedly based this rejection on Section 83 of the Customs Management Act, y et Kellys (Freeport relevance to the issue in dispute. And the urgency of the wholesalers Judi cial Review application appears to lie in its fear that Customs might use its rejection of t he September 2010 duty-paid sales report to withhold clearance of its trailer imports. The timely importation and clearance of g oods in containers is the damages for the wrongful detention and/or conversion of its imported products, and the refusal to process those imports of the Applicants b usiness, Kellys (Freeport t oms is aware that by refusing to clear the Applicants containers, it will force the Applicant to yield to its arbitrary dictate or risk suff ering a fatal stroke. Customs box loads of paper demand over 12-14,000 sales FROM page 1B loan loss provisions, enabling Bank of the Bahamas Intern ationals total revenues (interest income, plus fees and commissions) to increase by 6.4 per cent year-over-year. We were pretty pleased with them, Mr McWeeney s aid of the financial results. They exceeded our internal Budget for the year. It exceeded it by, I would think,$ 1.5 million on the bottom line. I guess the main thing for u s is that we did manage to grow the top line, in terms of n ew loan growth, by 13 per c ent. Total loans grew by 13 per cent, and the economy contracted by anywhere up to 3 per cent, so the real growth of the bank was 15-16 per cent i n terms of new loans. So we were able to get the b enefits of increased interest income, and that offset the increase in non-accrual loanst hat act as a drag on top-line income. Mr McWeeney added that Bank of the Bahamas Internationals performance was also aided by tight cost con-t rols that actually reduced o perating expenses to their lowest levels in three years, despite a slight increase in o verall staffing levels and continued technology investment the latter move being in line within the institutions fiveyear growth strategy. The fiscal 2010 results, Mr M cWeeney, gave Bank of the Bahamas International rea son to think that its compet i tive strategies are working, a s it focuses on improving its c apital ratio, insuring the bal ance sheet against shocks t hrough conservative loan loss p rovisioning, and expenses c ontrol. The banks overall riskadjusted capital ratio now stood at almost 25 per cent, Mr McWeeney said, well a bove the Central Bank of the B ahamas required 14-17 per c ent ratio. W hile he did not want the bank to carry this level of capital long-term, due to associated carrying costs, MrM cWeeney said he pref erred this level given the c urrent economic circumstances, and added: We now h ave the capital to support t he bank for another five years. Praising his staff for their role in producing the banks year-end results, Mr McWeeney said Bank of the B ahamas Internationals nona ccrual loan levels continued t o be in line with the industry average of around 10 per cent. Improvement A n improvement in this situation, though, was heavilyd ependent on a sustained recovery in the US job market and knock-on effects for Bahamian tourism, and Mr McWeeney indicated this was unlikely to happen any times oon. Our stress testing has gone o utwards towards the end of n ext year, he said, as that is w hen a turnaround is anticip ated, based on the indicators we are seeing. The world economy was in a situation where it was taking one stepf orward, two steps back. Mr McWeeney said the bank anticipated opening its new Carmichael Road branch i n March-April 2011. As for its planned new West Bay S treet headquarters building, he added: We are in active discussions with two potential tenants at this point in time, so were moving in the r ight direction. I would hope that things w ill be concluded in the not too distant future to enable us to move forward with it. Bank of the Bahamas Internationals relaunched Saturd ay banking programme, r estarted after a hiatus to s hort out staff employment contracts, had gone very well in the three weeks since the Village Road andT onique Williams-Darling Highway branches hado pened at weekends for that purpose. Mr McWeeney also told Tribune Business that the bank was set to unveil sig-n ificant advances in elec t ronic banking and its paym ent card products before y ear-end, adding: We have some things in the pipeline we hope to roll out before the end of the year, involving as ignificant level of technology. We hope to unleash those and get them to market by the end of the year. B ank of the Bahamas Inter n ational reported total assets of $778 million, up some $20 million from the previous year and more than $200 million from 2006. Earnings per share stood at $ 0.32, up from $0.28 the year before, and cash reserves with Central Bank were nearly d ouble the required amount, s ome $46 million. Bank beats profit forecast by $1.5m FROM page 1B
ahead, but he expects that Spring 2011 will deliver the answer. The former Cabinet Minister said the investor group he heads, the Source River Ltd, has hundreds of thousands of dollars tied up in the purchase option it has on the Clifton Pier facility, which includes several large, heavy-duty storage tanks and a jetty/docking facility. We intend to move forward with it. Hopefully within the next six months or so. If it doesnt happen by then, well, then well probably just lose the option, he told The Tribune during an interview at the British Colonial Hilton yesterday, where he appeared as a panellist at the 2010 Visionary Business Leaders, Entrepreneurs and Awards Conference. Beyond financing, finding markets for the biodiesel beyond the Bahamas and determining which biodiesel production company the group will partner with in the venture are yet to be determined. Its finding financing and getting the equipment and stuff in and creating the market for it (that is the challenge now Here the market is too small for a facility that size thats capable of doing 50, maybe 60 or 70 million gallons, of fuel a year. So the marketing thing we need to get tied down, to produce it and sell it, even though we have hundreds of thousands tied up in options it would probably be unwise to move forward with it without that, said Mr Wells. He confirmed that the frontrunner to partner in that majority Bahamian-owned joint venture is Bioverde. According to Internet sources, Bioverde is the second largest biodiesel manufacturer in Brazil, which itself is the second biggest producer in the global biofuel market. Many Brazilians drive flex cars which are able to run on a mix of biofuel and gasoline. Mr Wells said he expects the Bahamian market for biodiesel will develop, but the majority of the fuel would go for export. It is understood that the Caribbean and Latin America are being looked at as markets for the up to 70 million gallons of fuel which could be produced. The biodiesel market will develop. Its the future fuel, said Mr Wells, adding that he expects some of the plants from which the fuel can be derived could be grown in the Bahamas, creating hundreds of jobs in that area alone. Mr Wells and his investor group are not the only people in the Bahamas with biodiesel in mind. Bahamas Waste began testing its own $750,000 biodiesel production plant on Gladstone Road at the end of last month, and is aiming to convert some 300,000-400,000 gallons of the estimated 500,000 gallons in waste cooking oil generated in this nation per year into one million gallons of green fuel. Bahamas Waste is said to have been inspired by a smallscale biodiesel production project initiated by students at the eco-friendly Cape Eleuthera Institute at the Island School in Eleuthera, where 20,000 gallons of biodiesel is produced annually from waste cooking oil brought in by cruise ships. Mr Wellss group of around 40 Bahamian investors have already gone through with the purchase of Bacardis other main property, the ex-rum plant. Production of Echo brand water has been underway there since last year the only drinking water in the Bahamas to be produced through thermal distillation rather than reverse osmosis and the group has plans to use some of the remaining space available to begin production of healthy juices as well as a commercial bakery within months to two years. Yesterday, Mr Wells revealed that his company is also looking into the possibility of developing a film and television studio at the site, and relaunching a machine and welding shop. Were trying to get some Bahamians involved to take that over and market it, said Mr Wells of the shop. Meanwhile, hundreds of thousands of dollars have already been invested to refurbish the property, resulting in the launch of a pavillion and entertainment where weddings and business functions are already taking place on a weekly basis. Scores of Bahamians are involved in it, said Mr Wells. C M Y K C M Y K BUSINESS T HE TRIBUNE TUESDAY, OCTOBER 19, 2010, PAGE 5B TO DISCUSS STORIES ON THIS PAGE LOG ON TO WWW.TRIBUNE242.COM 52wk-Hi52wk-LowSecurit y Previous CloseToday's CloseChangeDaily Vol.EPS $Div $P/EYield 1.261.00AML Foods Limited1.011.010.000.2500.0404.03.96% 10.759.67Bahamas Property Fund10.6310.630.000.0130.200817.71.88% 6.184.50Bank of Bahamas4.904.900.000.5980.2608.25.31% 0.580.18Benchmark0.180.180.00-0.8770.000N/M0.00% 3.493.15Bahamas Waste3.153.150.000.1680.09018.82.86% 2.152.14Fidelity Bank2.172.170.000.0160.040135.61.84% 12.509.62Cable Bahamas10.0010.000.001.2270.3108.13.10% 2.842.50Colina Holdings2.502.500.000.7810.0403.21.60% 7.005.40Commonwealth Bank (S1 6.606.600.000.4220.23015.63.48% 3 .651.63Consolidated Water BDRs1.971.91-0.060.1110.05217.22.72% 2.551.60Doctor's Hospital1.901.900.000.1990.1109.55.79%6 .995.94Famguard6.076.070.00-0.0030.240N/M3.95% 10.208.50Finco8.508.500.000.2870.52029.66.12% 11.408.77FirstCaribbean Bank9.749.740.000.6450.35015.13.59% 5.513.75Focol (S 5.465.460.000.3660.17014.93.11% 1.001.00Focol Class B Preference1.001.000.000.0000.000N/M0.00% 5.595.00ICD Utilities5.595.590.000.0120.240465.84.29% 10.509.92J. S. Johnson9.929.920.000.9710.64010.26.45% 10.0010.00Premier Real Estate10.0010.000.000.9910.80010.18.00% 52wk-Hi52wk-LowSecuritySymbolLast SaleChangeDaily Vol. 99.4699.46Bahamas Note 6.95 (2029BAH2999.460.00 100.00100.00Fidelity Bank Note 17 (Series A) +FBB17100.000.00 100.00100.00Fidelity Bank Note 22 (Series B) +FBB22100.000.00 100.00100.00Fidelity Bank Note 13 (Series C) +FBB13100.000.00 100.00100.00Fidelity Bank Note 15 (Series D) +FBB15100.000.00 52wk-Hi 52wk-Low Symbol Bid$ Ask$ LastPrice DailyVol EPS$ Div$ P/E Yield F INDEX: CLOSE 000.00 | YTD 00.00% | 2009 -12.31%30 May 2013 20 November 2029TUESDAY,12OCTOBER2010B ISX ALL SHARE INDEX: CLOSE 1,508.82 | CHG -0.07 | %CHG 0.00 | YTD -56.56 | YTD % -3.61BISX LISTEDDEBTSECURITIES (BondstradeonaPercentagePricingbasis)Maturity 19 October 2017 7%RoyalFidelityMerchant Bank&Trust Ltd.(Over-The-CounterSecurities)29 May 2015 W WW.BISXBAHAMAS.COM| TELEPHONE:242-323-2330|FACSIMILE:242-323-232019 October 2022 Prime + 1.75% Prime + 1.75% 6.95%BISXLISTED& TRADEDSECURITIES AS OF:7% Interest 52wk Hi 52wk Low Symbol Bid $ Ask $ Last Price Daily Vol EPS $ Div $ P/E Yield 10.065.01Bahamas Supermarkets5.016.0114.00-2.9450.000N/M0.00% 0.550.40RND Holdings0.350.400.550.0010.000256.60.00% 41.0029.00ABDAB30.1331.5929.004.5400.0009.030.00% 0.550.40RND Holdings0.450.550.550.0020.000261.900.00% 52wk-Hi52wk-LowFund NameNAVYTD%Last12Months%NAV 3MTH 1.49041.4005CFAL Bond Fund1.49043.59%6.42%1.475244 2.92652.8266CFAL MSI Preferred Fund2.91150.85%0.23%2.926483 1.55461.4905CFAL Money Market Fund1.55553.18%4.30%1.537403 3.20252.8522Royal Fidelity Bahamas G & I Fund2.8624-8.16%-7.49% 13.638813.0484Royal Fidelity Prime Income Fund13.42860.46%2.40% 109.3929101.6693CFAL Global Bond Fund109.39295.20%7.60%107.570620 105.779593.1998CFAL Global Equity Fund100.1833-1.52%3.56%105.779543 1.12231.0000FGFinancialPreferredIncomeFund1.12723.43%5.28% 1.09171.0000FG Financial Growth Fund1.09482.51%6.10% 1.11981.0000FG Financial Diversified Fund1.12753.37%5.64% 9.59559.1005RoyalFidelityBahInt'lInvestmentFundPrincipal ProtectedTIGRS,Series19.59552.71%5.96% 11.236110.0000RoyalFidelityBahInt'lInvestmentFundPrincipal ProtectedTIGRS,Series210.3734-3.69%3.38% 10.00009.1708RoyalFidelityBahInt'lInvestmentFundPrincipal ProtectedTIGRS,Series39.4372-5.63%-5.63% 7.96644.8105RoyalFidelityInt'lFund-EquitiesSubFund7.5827-1.74%11.58%BISXALLSHAREINDEX -19Dec02=1,000.00 YIELD -last12monthdividendsdividedbyclosingprice 52wk-Hi -Highestclosingpriceinlast52weeks Bid$ -BuyingpriceofColinaandFidelity 52wk-Low -Lowestclosingpriceinlast52weeks Ask $ -SellingpriceofColinaandfidelity PreviousClose -Previousday'sweightedpricefordailyvolume LastPrice -Lasttradedover-the-counterprice Today'sClose -Currentday'sweightedpricefordailyvolume WeeklyVol. -Tradingvolumeofthepriorweek Change -Changeinclosingpricefromdaytoday EPS$ -Acompany'sreportedearningspershareforthelast12mths DailyVol. -Numberoftotalsharestradedtoday NAV -NetAssetValue DIV$ 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SHUVRQVLQGHEWHGWRWKHHVWDWHDUHUHTXLUHG WRPDNHIXOOVHWWOHPHQWRQRUEHIRUHWKHGDWH KHUHLQDERYHPHQWLRQHG &('5,&/$5.(5t&2 $WWRUQH\VIRUWKH([HFXWUL[ 5XVW\%HWKHO'ULYH 1DVVDX%DKDPDV LEGAL NOTICENOTICEINTERNATIONAL BUSINESS COMPANIES ACT(No.45 of 2000Prion Investment Fund Ltd.Notice is hereby given in accordance with Section 138 (8Business Companies Act, No. 45 of 2000, the Dissolution of Prion Investment Fund Ltd. (IBC No. 157559 B) Dissolution has been issued and the Company has therefore been struck off the Register. The date of completion of the dissolution was the 8th day of July, 2010. Alrena Moxey Liquidator $ 1.177 million to $373,000 the company was pleased to r emain in the black and continue putting profits to the bottom line. Acknowledging that the year-over-comparatives were not what AML Foods or its investors wanted to see, Mr Watchorn said he anticipated that the group, which owns the Solomons SuperCentre and Cost Right stores in Nassau and Freeport, plust he Dominos Pizza franchise, would remain consistently profi table throughout the remainder of this fiscal year. This, he indicated, would put the food retail group in a position to pay its shareholders another dividend subsequent to year-end, although this would ultimately be a decision for AML Foods Board. For the three months to July 31, 2010, AML Foods group s ales declined by 7.8 per cent year-over-year, impacted by the s ame trends affecting the Bahamian food retail industry for the past 20 months increased competition, plus value-driven consumers who were shopping at various grocery stores in a bid to access as many specials and discounts as possible given reduced incomes. This, in turn, had reduced consumer loyalty to part icular grocery stores. M r Watchorn told Tribune Business that AML Foods second quarter and half-year results were largely in line with internal f orecasts, apart from the top line. Sales were a little bit lower than we thought, he said. We expected sales to be down somewhat, but they were down a little more than anticipated. We have seen a slow but steady improvement in sales in the third quarter. They were down by between 5-8 per cent on a weekly basis during the first half, but now were seeing, on a w eekly basis, that theyre flat or positive year-over-year in s ome weeks. Part of our business plan was that we anticipated sales would level off in the third quarter, and we expect growth in the f ourth quarter, so were on target for that. Gross margins, a function of sales and other variables, were down by 1.1 per cent year-over-year, and Mr Watchorn saidA ML Foods was experiencing deflation in certain products, especially in perishables. Roadworks in the Blue Hill Road area had also impacted AML Foods Cost Right store in the Town Centre Mall, in common with other businesses, and Mr Watchorn said Dominos Pizza was also suffering from the same trends affecting the companys food retail operation increased competition andr educed consumer spending power. Still, the pizza chains latest outlet at Coral Harbour had done quite well, and Mr Watchorn said: Its exceeded expectations and theres been no cannibalisation of existing stores. Long term, its going to be a good investment. There are a couple more sites for Dominos that we have in m ind, and one were aggressively looking at, but it will probab ly be six months before it comes to fruition, which suits us. We think weve got at least one, maybe two more, locations we can fill in on New Providence. M r Watchorn said AML Foods was still eyeing other potential franchises it wanted to take on, but added they must be the right fit. Weve had the offer of two franchises, but declined them b ecause we did not think they were the right fit for us, he told Tribune Business. AML Foods selling, general and administrative expenses w ere flat in absolute terms year-over-year for the first half, but rose as a percentage of sales due to the top-line decline. AML Foods on target despite 70% profit fall FROM page 1B Hundreds of jobs via biodiesel plant F ROM page 1B
C M Y K C M Y K INTERNATIONAL BUSINESS PAGE 6B, TUESDAY, OCTOBER 19, 2010 THE TRIBUNE TO DISCUSS STORIES ON THIS PAGE LOG ON TO WWW.TRIBUNE242.COM ___ SHANGHAI Rapid flows of capital toward Asia require swift action and cooperation to ensure stability, the head of the International Monetary Fund said, following a conference with central bankers focused on nur turing the global recovery. The IMF's managing director, Dominique Strauss-Kahn, noted that while the capital flooding into fast-growing China and other Asian countries can spur growth, it could also fuel excessive lending, asset price bubbles and financial instability, according to a text of a speech provided by the IMF. ___ LUXEMBOURG Yielding to French pressure, Germany softened its stance on stricter eurozone budget rules, officials said, angering governments that counted on Berlin to force through sanctions for nations living beyond their means. Ahead of a two-day meeting of EU finance ministers, Germany was an ardent proponent of a proposal by the European Commission, the EU's executive, to impose near-automatic sanctions on nations that breach the bloc's deficit and debt levels. But at the meeting, Berlin softened its stance under pressure from France and others reluctant to transfer too much power to unelected Brussels bureaucrats. ___ PARIS French oil workers defied the gov ernment's demand to get back to work and end scattered fuel shortages, stepping up their fight against President Nicolas Sarkozy's plan to raise the retirement age to 62. Strikers have blockaded a dozen French refineries and numerous oil depots in the last week as part of widespread protests over Sarkozy's plan to raise the retirement age to 62, a reform the French Senate is voting on Wednesday. ___ LONDON In Europe, the FTSE 100 index of leading British shares closed up 0.7 percent, Germany's DAX rose 0.4 percent while the CAC-40 in France ended 0.2 percent higher. ___ TOKYO Japan's Nikkei 225 stock average ended nearly flat. Chinese shares fell on massive profit-taking, as caution set in after seven straight days of gains. The benchmark Shanghai Composite Index lost 0.5 percent. Hong Kong's Hang Seng dropped 1.2 percent. Banking heavyweight HSBC was down more than 2 percent, weighed down by U.S. financial stocks that have been affected by mortgage problems that could cost big banks billions. ___ MILAN The luxury sector is rebounding better than expected this year thanks in large part to wealthy Americans replenishing their wardrobes after a year of self-denial and nou veau riche Chinese indulging in a worldwide spending spree, according to a new study. ___ MADRID Spain's governing Socialist par ty said it has secured passage of its austere bud get for 2011 following deals with two regional parties. ___ BUDAPEST, Hungary Hungarian law makers are expected to approve a series of "crisis taxes" aimed at ensuring the govern ment can meet its targets for reducing the bud get deficit. GLOBAL ECONOMIC NEWS A SSOCIATEDPRESS A look at economic developments and activity in major stock markets around the w orld Monday: DANIEL WAGNER, AP Business Writer WASHINGTON S luggish spending by busin esses and consumers is causing factories to cool their production after they helped lift the economy out of recession, according to Associated Press Companies have slowed t heir rebuilding of stockpiles a nd replacement of worn-out equipment. And consumers are cautiously spending at a time of 9.6 percent unemployment and slow job growth. That combination led t o the first decline in output at t he nation's mines, factories and utilities since the recession ended in June 2009. Factory output, the largest element of industrial production, fell 0.2 percent in September, the Federal Reserves aid Monday. So did overall industrial production. In the year after the recession ended, manufacturing surged ahead at an 8.8 per-c ent annual rate. That was the s trongest year-over-year gain s ince the 1983-84 economic recovery. But the growth has been more or less flat over the past two months. Without consumer demand t o take up the slack, industry can't maintain its strong g rowth. "Those things have natur ally run their course, and w e're left with a very weak e conomy," Paul Ashworth, senior U.S. economist at Capital Economics. "There's nor estocking going on any more, and consumption remains weak." A separate report Monday s howed the nation's homebuilders are pessimistic about the housing market. That's true even though many are seeing a little more foot traffic after the worst summer forh ome sales in a decade. The National Association of Home Builders said its monthly index rose slightly to 16. It's the first increase in f ive months. But the index r emains far below 50, the d ividing threshold between positive and negative senti ment about the market. The l ast time the index was above 50 was in April 2006. Weak sales mean fewer jobs in the construction indus t ry, which normally helps power economic recoveries. Each new home built creates, o n average, the equivalent of three jobs for a year and generates about $90,000 in taxes, according to the builders' t rade group. Industrial production falls 0.2 percent in September CASINOCOMPANY: In this Aug. 6, 2007 file photo, cars pass by Harrahs hotel-casino in Las Vegas. Harrahs Entertainment Inc., the worlds largest casino company, plans to go public again three years after two buyout firms took it private in a $30.7 billion deal that pushed the company billions of dollars into debt. n ( A P Photo / Jae C. H ong, file) GOING PUBLIC N EW YORK ( AP) Corn prices fell for a fourth straight day Monday after hitting a two-year high last week. It's absolutely profit-taking" that's driving corn lower, said Jason Ward, an analystw ith Northstar Commodity in Minneapolis. There was no change in fundamentals thatw ould drive prices lower to start the new week, he said. C ORNPRICESPULL BACK
HONOURED: Shown (l-r Sands-Spriggs, Alice Musgrove-Rolle, and Virginia Hall-Campbell. Flying High TO DISCUSS STORIES ON THIS PAGE LOG ON TO WWW.TRIBUNE242.COM C M Y K C M Y K THETRIBUNE SECTIONC HEALTH: Body and mind TUESDAY, OCTOBER 19, 2010 By JEFFARAH GIBSON Tribune Features Writer A t the standing ovation e leven pilots, flanked by committee members of the Pilot Club of Nassau emerged from the back of the ballroom at the Sheraton Nassau Resort on October 3. What the attendees saw at the mid afternoon luncheon was not just members of an elite orgnisation, but women with compassion for humani ty, women who have helped build communities, and women who have selflessly devoted time and effort to improve the quality of life for many. The event was not merely an hon ours luncheon, it was a time for reflection, an opportunity to spread the pilot movement, and as present governor of the Bahamas District Pilot International DaShann Clare-Paul said a time to give these pilots their flow ers. The women not only understood what the pilot movement was all about, they allowed the ethical mandates of the pilot organisation to direct their engagements and shape their lives. Pilot members felt the past governors deserved special commendation for the work they have done over the years. The current district leadership team decided that we would honour the past Governors who have laboured to keep the Pilot movement alive by inviting their friends, business associates and even family members to join the pilot movement. Because they all served with such excellence and inspire those of us who follow, we thought it fitting to give them their flowers whilst they are still with us, said DaShann Clare-Paul. The district leadership team of the Pilot Club of Nassau intends to make this honours luncheon an annual event as there are many others who were not Governors but have contributed to the work of the organisation in substantial ways. The Pilot Organisation holds a special place in the Bahamas as each community can reap the benefits of its labour. The impact is substantial and indelible, as many scholarship recipi ents attest to the fact that their tertiary level education, in part afforded by the scholarship, opened many doors for them. Recipients include persons like Zhivargo Laing and Sharlene Paul who have spoken publicly about the opportunities afforded by the Pilot sponsored scholarship. I recall a presentation of walkers to a group of senior citizens and their excitement to be able to have the support needed to walk about. Pilots have also helped in nation building by sponsoring Anchor Clubs clubs in schools which help students to understand the impor tance of giving to others and on becoming leaders. Personal develop ment is also an important contribution made to each Pilot, Mrs ClarePaul said. The Bahamas District Pilot International is a volunteer organisation, with a mandate to make life better for persons in the communities in which pilots live. Pilots serve through humanitarian efforts which are charitable, educational, and research programs in communities throughout the world. Aside from serving through humanitarian causes, it has always been the vision of the organisation to achieve universal awareness and prevention of brain-related disorders and disabilities. Over the years the organisation has hosted soup kitchens, visited homes for the aged, the Willimae Pratt Cen ter for Girls, and rang the bell for the Salvation Army. They have also raised money through signature fund raisers including the annual Thanks for the Memories Ball and (previously Fashion Show. They have participated in the annual Red Cross fair, and giv en scholarships (via COB since 1974). Additionally they furnished a room at the Stapledon Gardens School, given monetary donations to various charities including REACH, (former) Bahamas Council for the Handicap, The Children's Emergency Hos tel. And most recently the Pilot Club of Nassau broke ground for the construction of a pool for persons with disabilities. They have also made a BrainMinder's presentations, which is a skit aimed at teaching children how to protect their brain. The Pilot Movement began in the Bahamas with chartering of the Pilot Club of Nassau on June 3, 1974. The spreading of the movement was intended from the beginning as founding members ensured that with the October 18, 1921 chartering of the very first club in Macon Georgia allowed for formation of Clubs outside of the USA. The first ten years of the organisation were quite busy as the Pilot Club of Freeport was chartered in 1979 prior to which the 1st Anchor Club (youth arm of the organisation formed at St Augustine's College. Their most recently chartered club is the Rainbow Pilot Club of Abaco. THE Wyndham Hotel and Crystal Palace Casi-n o, Swimsuit International and Elite Productions, Inc. p resent the Swimsuit International Model Search. The Model S earch will take place November 3-8, 2010 at the e vent facilities of the beau tiful Wyndham Nassau Resort and Crystal Palace C asino in Nassau, Bahamas. 50 gorgeous ladies from all over the world will be competing for the title of Miss Swims uit International. The top 5 models will be taking home more than $30,000 in cash and prizes. The winner will receive m ore than $10,000 in cash and prizes and will appear on the Cover of the 2011 Swimsuit International Calendar. All contestants w ill appear in the 2011 Swimsuit International Calendar, with the top 20 f inalists to be featured on their own individual pages. A ll photos for the calen dar will be shot in the Bahamas and a film crew w ill be on hand to record the week's festivities, b ehind the scenes action and candid shots and interviews with all 50 models, s ponsors and judges for release as an event DVD. Upon release, the DVD is targeted for distribution by select retailers world-w ide. During their stay, all contestants will enjoy a week of rehearsals, photo shoots. It's not just allw ork and no play, as the models, along with family members, friends, judges and sponsors will have plenty of fun in the sun,s hop, experience the Dol phin Encounters and much more Participants are scheduled to enjoy a day of swimming, snorkelinga nd a memorable visit to the exclusive Nygard Cay. Other exciting events taking place at the Wyndham Hotel and Crystal Palace Casino in association with the event include: A Grey's Anato my Party at Senor Frog's on Thursday, November 4 at 8pm, Beach Olympics at 11.30am and a Casino Royale Party including a $10,000 Blackjack Tournament on Friday, November 5 at 5pm. The events culminate with the Swimsuit International Model Search Finals to take place on Saturday, November 6 at 7.30pm in the beautiful Rainforest Theatre. Afterwards, the cele bration continues as the winners and all other contestants will appear for an After Party at Above located within the Crystal Place Casino where they will enjoy a night of music and dancing! All events are open to the public!! 50 to vie for Miss Swimsuit Int. title Past governors of Pilot Club of Nassau honoured at luncheon
C M Y K C M Y K HEALTH T HE TRIBUNE TUESDAY, OCTOBER 19TH, 2010, PAGE 9B TO DISCUSS STORIES ON THIS PAGE LOG ON TO WWW.TRIBUNE242.COM By ALESHA CADET Features Reporter NINE excited members of the Surgical Sister, Sister breast cancer support group boarded a plane on Friday where they flew from Nassau to Miami, Florida to participate in the widely promoted and internationally televised Komen Race for the Cure on Bayfront Park. The race which is said to g ather world-wide support, was a symbolic stand for the race against time to find a cure for cancer. It began and ended at Bayfront Park, started at 8.30am. In this race, cancer survivors and their supporters walked, but some also ran the 5k route. T he Komen Race for the Cure is just one of the highlights of Octobers Breast Cancer Awareness Month of Activities in which cancer survivors and supporters will be participating. P resident of the Sister Sis ter Group, Andrea Sweeting told Tribune Health before boarding her flight that the Sister Sister Breast Cancer Support Group has been par ticipating in the race for the p ast three years. This will make the fourth race we are taking part in," she said. She explained that the group became aware of the Komen race through the Florida affiliations of the K omen Branch. "A Bahamian lady in Flori da, of the Komen Florida affiliates approached us and ever since then they would come to the Bahamas in Jan uary to what we call "a walk in Paradise" and we would exchange and go to Floridain October for the Komen Race," Ms Sweeting said. There are different age groups for the race, all start ing at different times and it all goes down in the entire downtown of the Florida area. Ms Sweeting said: It is an a wesome feeling, the feeling itself, we would not be able to fully explain but to be in that atmosphere with almost thirty thousand women and knowing more than a half of them are cancer survivors, itg ives you a feeling to know that you are not alone in this and I know that I am not the only person who has walked this road." While giving background on the Sister Sister Breast Cancer Support Group, shes aid the group was founded in December 2000 and this year would make their tenth anniversary. It was founded from the surgical suite num ber sixty eight Collins Avenue, surgeons being Dr Locksley Munroe and Charles Digges," she said. These compassionate sur g eons would cut away our cancer but they could not answer our questions, so that is where the network began," she said. The nine cancer survivors from the Sister, Sister group t raveled to show their soli darity by joining hands, hearts, courage and strength with the over 30,000 women from across the United States and from around the world as well, who were expected top articipate in the walk. The ladies participating in this year's Komen Race included president, Andrea Sweeting, vice president Sandra Ferguson Rolle who is also the Denim Day spokesperson for 2010, the secretary Helen Rolle, and Sister Sister members; Louis Gibson, Joan Ingraham, Queenie Dawkins, Sarah Gar diner. Shelia Smith and Judy Miller also participated. T here will also be number of seminars throughout Nassau to educate and inform the public about preventative measures, as well as a Health Fair at the Mall at Marathon on October 21 and a Candle l ight Vigil in Rawson Square on October 30. "The Candlelight Vigil is where we come together at the end of the month of October. It involves a small walk from George Street and Eliz a beth Avenue, and we would meet at Rawson Square where we do praise and worship, one of the survivors will give their testimony as well," Ms Sweeting said. We also have several talk shows lined up for the month of October, it's very exten sive," she said. Cancer survivors take part in Komen Race for the Cure P P L L A A N N T T A A R R F F A A S S C C I I I I T T I I S S (PLAN-tur Fase-I-tis) is the most frequently used term for heel pain. The formation of a spur may be present but does represent the cause for heel pain. Pain is felt along the bottom (plantart he arch of the foot. The pain is often worse in the morning and at the end of the day. Persons experiencing this problem often ask, how did I get this problem and what could have caused it? How do I get rid of the pain? O O v v e e r r v v i i e e w w : : The foot has a thick band of tissue called the plantar fascia which runs across the bottom (plantart he foot which connects your heel bone (cancaneous your toes. The plantar fascia acts like a shock absorbing bowstring supporting the arch in your foot. However, when the tension on the bowstring becomes too great, it can create small tears in the fascia. Repetitive stress and strain can cause the fascia to become irritated and inflamed developing what is referred to as Plantar Fascii tis. S S y y m m p p t t o o m m s s : : Usually develop gradually May affect just one foot but eventually occur in both s imultaneously. A sharp pain in the heel of your foot. (possible spur Don't ignore any sign of this condition because it would only get worse and can hinder your regular activities C C o o n n t t r r i i b b u u t t o o r r s s t t o o P P l l a a n n t t a a r r F F a a s s c c i i i i t t i i s s : : A ge This condition is more often experienced between the ages of 40 and 60. This is around the time when the foot starts to age and requires more support. Sex It is more often seen in women than men due to the fact that women wear high heels. High heels worn frequently can cause your achilles tendon which is attachedt o your heel to contract and shorten. S S p p o o r r t t i i n n g g a a c c t t i i v v i i t t i i e e s s : : Long distance running, ballet dancing and dance aerobics are some of the activities that can contribute to the onset of plantar fasciitis because they place a fair amount of stress on the heel and the attached tissues. O O b b e e s s i i t t y y : : Excess weight normally or during pregnancy can cause plantar fasciitis. The extra pounds put stress ony our plantar fascia. O O c c c c u u p p a a t t i i o o n n s s : : If your job requires a lot of walking or standing on hard surfaces you can be at risk of developing plantar fasciitis. I I m m p p r r o o p p e e r r S S h h o o e e s s : : Shoes with thin soles and lack arch s upport or the ability to absorb shock can cause you to develop plantar fasciitis. S S o o l l u u t t i i o o n n s s : : If you have been experiencing pain in the heel or arch area of the foot, seek professional help because it can worsen and affect the entire foot, ankle, knees, lowerb ack and even your shoulders. A supportive shoe, com bined with proper insert will put your foot in its natural position for walking and standing. Seek help and be properly fitting with arch supports to put your body in balance and relieve the stress and strain on your plantar fascia. Bernadette D. Gibson, a Board Certified & licensed Pedorthist, is the proprietor of Foot Solutions, a health and wellness franchise that focuses on foot care and proper shoe fit, located in the Sandyport Plaza, Nassau. Please direct any questions or comments to nassau@footsolu tions.com or 327-FEET (3338 "The views expressed are those of the author and does not necessarily represent those of Foot Solutions Incor porated or any of its subsidiary and/or affiliated companies. Heel Pain Syndrome By BERNADETTE GIBSON R ACE FOR CURE: S hown (l-r Sandra Rolle, Willamae Butler and Jennymae Knowles on their way to the Susan G Komen Race for the Cure Run/Walk. e also have several talk shows lined up for the month of October its very extensive. Andrea Sweeting DURING a recent Lap Band Luncheon seminar, Allergan Lap Band Area Manager, Pete Kafka and Certified Allergen Lap Band Surgeon, Dr Charles Diggiss illus trated how the Lap Band procedure could bring certain medical conditions such as diabetes, heart disease, hypertension and joint problems under control, and thereby reduce the cost to insurance companies of covering medications for persons with these same illnesses. The Lap Band Lunch and Learn seminar for general practitioners, insurance and other medical personnel was hosted by The Mednet Group of Companies for General Practitioners, medical and insurance personnel at the Doctors Hospital Conference Room in the Luden Building on Dowdeswell Street. The seminar was held to educate delegates about the Lap Band System and how it helps a patient lose weight to achieve a healthier lifestyle. Dr Diggiss explained how the Lap Band procedure could bring certain medical conditions or comorbidities such as diabetes, heart disease, hypertension, cancer and joint problems under control, there by reducing the cost to insurance companies of covering medications for persons with these same illnesses. Mr Kafka revealed that in patients with the Lap Band System over fifty per cent of surgical weight loss is sustained over a ten year period. Dr Diggiss then explained who qualified for the Lap Band System, its safety record and adjustability, how it compares to the gastric bypass procedure, as well as how the system impacts diet afterwards. In November 2008, Dr Diggiss reintroduced the Lap Band Placement for the treatment of morbid obesity to The Bahamas when he successfully performed two operations at that time assisted then by the Lap Band inventor, Professor Mitiku Belachew. Since then, Dr Diggiss has successfully placed the Lap Band in all patients meeting the criteria at Doctors Hospital. Mr Kafka, who is the Area Manager for The Bahamas, Florida and Puerto Rico, illustrated via slide presentation, that the cost of obesity and managing diseases caused by obesity was higher to insurance companies versus coverage of surgical weight loss procedures. He also explained how the Lap Band System could bring certain medical conditions or co-morbidities such as diabetes, heart disease, hypertension, cancer and joint prob lems under control, and thereby reducing the cost to insurance companies of covering medications for persons with these same illnesses. Lap Band procedure could lighten load for insurance companies LAP BAND: Pete Kafka (background Bahamas, Florida and Puerto Rico, and Dr Charles Diggiss, chief medical officer at Doctors Hospital and president of the Mednet Group of Companies. SHOWN (l-r THE A TEAM: Shown (l-r currently based in Nebraska, Pete Kafka, Allergan Lap Band patient advocate Samantha Evans and Dr Charles Diggiss.
By CHRISTINA HENNESSY The News-Times of Danbury DANBURY, Conn. (AP When Maria Marini thought back to the early daysof her 35-year nursing career, she recalled a time when medical professionals had fewer tools than they do now to treat breast cancer. For many a patient, that meant radical operations that l ed to the total loss of her breast, the chest wall, surrounding muscles and the lymph nodes located under the arm, which is commonly where breast cancer first spreads. A patient may haveg otten past the cancer, but often had to deal with debili tating scars. But in the ensuing years, Marini, who is the oncology programme director at the Bendheim Cancer Center atG reenwich Hospital, said technical and medical inno vations have led to improved treatments and procedures with more aesthetically pleasing results. One such innovation is oncoplasty. The idea behind the procedure is to remove the cancer, but in a way that least com promises the breast. Sometimes, it is a singular practitioner, one who is as adept at removing the can cerous cells as he or she is at rebuilding the breast by employing techniques that have been available to plas tic surgeons for years. Such is the case with Dr Sunny Mitchell, a breast surgeon at the Women's Breast Center at Stamford Hospital. "It is just in the past five or s o years that such procedures have begun to be thoroughly adapted and integrated into the field of breast surgery itself," Mitchell said. "When a woman opts for or is considered a candidate f or breast conservation, med ical professionals work to reshape the breast so that it looks as natural as possible. "The emphasis used to be purely on removing the cancer. But now, while all modalities associated with cancer, such as radiation and chemotherapy, have been so optimized, we have patients that are living long and healthy lives after breast surgery," Mitchell said. "Now, as a breast surgeon, I am not only responsible to remove the breast cancer, but also, if at all possible, to consider what the cosmesis will be." Dr Alfred Sofer, a plastic surgeon affiliated with St Vincent's Medical Center in Bridgeport, has worked with surgeons there to create bet ter outcomes for patients who u ndergo a lumpectomy (where a portion of the breast is removed) or mastectomy (where all of the breast tissue is removed). "The design of the scar and how we are going to remove t he lump from the breast is taken into consideration from the very beginning," he said. "The final outcome is that the breast is more natural looking." Further, by teaming the restorative work with the removal of the cancer, the patient does not have to be doubly stressed by undergo ing two separate procedures, said St Vincent's breast surgeon Dr Anthy Demestihas. Sometimes, improved care is a matter of refining existing treatments. "Basically, we looked at what was out there and asked can it be done better," said Jason Koshnitsky, president and chief executive officer of Bedford, Mass.-based Orbital Therapy. His company's radiation t herapy table, which it calls ClearVue, allows a woman, or man, to receive radiation treatments while lying on her or his stomach. Traditionally, patients lie on their back while receiving their pres cribed doses of radiation. Greenwich Hospital, where Kosnitsky worked in the 1980s, recently installed one, joining a number of other medical facilities in the area that offer it. "For most patients, it gives us a better setup for radia tional therapy," said Dr Daniel Chamberlain, clinical director of radiation oncology at Greenwich Hospital. By allowing the breast to fall away from the body, it can mean there is less of a dose of radiation to the heart and the lungs. Chamberlain said it also may prevent certain "hot spots" that can cause scar tis sue. Chamberlain said doctors also are working to shorten the duration of radiationt reatment, typically six weeks, as a way to improve the standard of care. Across the board, medical professionals are working to improve breast cancer treatment through new drugs, new procedures, new prevention techniques and ongoing patient education. Medical facilities also are working to provide screening and other services to the underserved and underinsured popula tions. "We have more women who are getting diagnosed early and more and more women who are getting cured," said Dr Richard Zelkowitz, the chief of hematology and oncology at Nor walk Hospital. He also is director of the Smilow Family Breast Health Center. It is estimated that there are 2.5 million breast cancer survivors living in the US,a ccording to the American Cancer Society. Lifestyle modifications also have been shown to reduce the risk of developing cancer and remaining healthy after one's breast cancer has succ essfully been treated, Zelkowitz said. "There are simple things you can do to improve your prognosis," Zelkowitz said. "If you exercise, you will do better. If you are not obese, you will do better. If you drink less (alcohol do better." Although there is not a 100 per cent cure rate, the medical innovations, along with early diagnoses, have given doctors more care options. "I think on all fronts, in the management of breast cancer, and that includes surgery, chemotherapy, medicine and radiation, we have made advancements in the management of breast cancer...that ultimately will do better for the patient," saidD r Mary Pronovost, medical director of Bridgeport Hospital's Norma F Pfriem Breast Care Center. There has been a shift, too, she said, from a homogenized to a customized view. It means looking at the stage of cancer, the type of cancer (small or large, slow-moving or aggressive, etc.) and the patient's individual physiology. With this approach, a patient could avoid unneces sary treatment and any of its associated toxic side effects. "Each breast cancer is unique and individual and treatments are tailored to the unique features it exhibits," Pronovost said. For instance, such knowl edge can help to determine whether someone is better suited for chemotherapy or hormonal therapy, with both therapies ultimately aimed at stopping the growth of addi-t ional tumors. "The idea behind all this is the idea that is now very pop ular in oncology," said Dr Kenneth Dressler, an oncologist at St Vincent's. "It is the idea of individualized medic ine. You are using charac teristics of an individual tumor and the individual host (patient treatment strategy." B B R R E E A A S S T T C C A A N N C C E E R R S S T T A A T T I I S S T T I I C C S S The National Cancer Institute, which is part of the US National Institutes of Health, estimates that 207,090 women and 1,970 men will be diagnosed with breast cancer this year. It is estimated that 39,840 women and 390 men will die of the disease. It is estimated that there are 2.5 million breast cancer survivors living in the US, according to the American Cancer Society. The death rate from b reast cancer in women has decreased over the past 20 years. From 1990-2004, the rate decreased by 2.2 per cent annually, according to the cancer society. C M Y K C M Y K W OMAN AND HEALTH PAGE 10B, TUESDAY, OCTOBER 19TH, 2010 THE TRIBUNE TO DISCUSS STORIES ON THIS PAGE LOG ON TO WWW.TRIBUNE242.COM THE ache of the parting starts that morning. Each tender touch and embrace reminds us of the inevitable event. We try to say all the thingst hat need to be said, but occasionall y our feelings overwhelm us and we f all silent. In the past, departures h ave even brought out frustration, a nd arguments have been contrived i n an attempt to end the pain of separation. All efforts remain futile as the realisation that this is a real relationship, although it is from a distance. Long distance relationships have been an age-old reality, and were sustained by the enchantment of love letters -men going off to war, contract workers, and sailors out to sea. Letters passed by hand, messages in a bottle and the beautiful shell art of sailors valentines. Even when words seemed insufficient, love songs and artist brush strokes captured the need to express their love. To witness this, is not only to be able to share their creative expression, but also to share in the intimacy of their love. As we live in our world today,e a re continuously reminded of the warring' between social-network g roups. The competitive brains torming for the missing link, that w e did not even realise was absent in o ur lives. Researching how we make our choices, and trying to out smart their competitors with gimmicks to entice us. Multiple ways to connect and all at speeds that defy logical explanation. A distance of thousands of miles suddenly becomes mere inches. At times changing a relationship into a long distance one may seem unavoidable. However, due to the 'big wide web' the world appears smaller, and everything seems more possible. For example, online dating provides access and opportunity to meet a greater number of people. B y participating in the great gamble of dating, we increase our odds to find a compatible mate. However, it is probably wise to keep in mind the practical logistics of traveling thousands of miles compared to hundreds. Attitude As in any relationship, our attitude towards the present situation can play in your favour, or it can allow our mind to 'run-a-muck'. Insecurities and paranoia can creep in between even the most solid couple. Anticipating that this may happen, and agreeing to connect frequently throughout the day, will help to alle-v iate many fears. When inevitable b reaks in communication occur, then r apid 'damage control' will be neede d to quell the anxiety. The decision t o keep each other close works for c ommitted couples, but the same practice can be created for those who want to see how far their interest can go. Planning trips ahead of time help to create the magic of anticipation. Time alone seems more precious and every minute is accounted for. Understanding the importance of creating new memories carries us through the following weeks, and quenches the appetite for more. Feelings of love can be cultivated quickly under these conditions, and for many these become ideal relationships. Seeing someone at their best can become much more appealing than day-to-day mundane life. Bringing up the topic of exclusivity, for any couple, inevitably bringso ut strong feelings. Once a mutual d ecision has been agreed upon, then a ny deviation from the agreement w ill strain the relationship. Suspic ions grow and the sincerity is quest ioned. The true test of honesty can be seen in long distance relationships. Getting caught out with the naive approach of 'what they don't see won't hurt them' has a way of coming back and biting when least expected. One of the most important key ingredients to any successful relationship is consistency and a positive attitude. Remembering that no one is perfect allows us to be more gentle and generous towards each other. Channeling our thoughts helps to keep us focused on our mutual happiness. Can long distance relationships work? By MAGGIE BAIN Breast cancer care continually improves in Connecticut
C M Y K C M Y K GARDENING T HE TRIBUNE TUESDAY, OCTOBER 19TH, 2010, PAGE 11B TO DISCUSS STORIES ON THIS PAGE LOG ON TO WWW.TRIBUNE242.COM BAHAMIAN cuisine uses far, far less in the way of root crops than European. Carrotsa re mostly grated raw and added to cole slaw and turnips hardly feature at all. Radishesfor breakfast? I dont think so. Root crops were a great mainstay for Europeans during the freezing winter months and remain popular to this day. And yes, the French do eat radishes for breakfast. Radishes are the easiest and fastest of all crops to grow in the backyard garden. If you want to introduce the joy of gardening to a youngster it is best to start with radishes; once planted theyw ill be ready to eat in about 30 days. If you not like the pepperiness of radishes, try dropping them into boiling water and cooking them briefly. The pepper taste disappears and they become remarkably like turnips. Turnips have a distinctive earthy flavour, almost bitter, that takes a little getting used to if you did not grow up withthem. They are best eaten simply boiled in salted water and dressed with a knob ortwo of butter and a grind or t wo of black pepper. There is roasted vegetable fad doing the rounds and recipes usual-ly include turnips. Turnips should be pulled young and eaten the same day. If they are left until they reach maximum size they will become bitter and fibrous. The leaves turnip greens are delicious and you can buy seeds for turnips that are grown solely for their leaves Rutabagas are related to turnips but are much milder in flavour. They are usually peeled, diced and boiled then added to mashed potatoes. A colcannon or bubble and squeak made with a rutabaga/potato base is the boss. Cooler Rutabagas are very productive during our cooler months and grow larger than softballs. Like turnips, theya re best harvested and used before full maturity. Beets are very easy to grow and cooked fresh beets are far superior to any out of a can. The seeds are contained within a capsule so you willf ind two or three seedlings growing where you planted one capsule. Thin them to one seedling Like the other root crops, beets should not be allowed to grow too large. They canb e pulled when only an inch in diameter and cooked with their leaves, probably the most pleasant tasting of all leaf vegetables. After cooking, home grown beets are sweet enough to eat without any additions but you may wish to add a favourite dressing, or even a dash of superior vinegar (try fig vinegar cut the sweetnes The most popular variety of carrot is chantenay, medium sized and of good flavour. Carrots do best in sandy soil and should not have compost added to the soil as this will promote side roots; fertiliser iss ufficient. If you have heavy soil your best choice is danvers, a carrot with muscular shoulders and a conical shape that can burrow into the toughest of soils. If it is size that matters, grow imperator. B e sure you have at least 18 inches of soil in order to achieve full length. If you boil carrots, try adding a teaspoonful or two of sugar to the water. This does not sweeten the carrots so much as prevent the loss of natural sugars. Let me end by reminding you of the vegetable boiling rule: If it grows below ground you can start it in cold water; above ground, you must drop it into boiling water. gardenerjack@ c oralwave.com Root crops: one of the major pleasures of home gardening ROOT CROPS: The pulling of fresh young root crops from the soil is one of the major pleasures of home gardening. GARDENER JACK
By BRENT STUBBS Senior Sports Reporter firstname.lastname@example.org THE New Providence Primary Schools Sports Association completed its first sporting event for the new year with one champion defending i ts title and a new one crowned. A fter playing the regular games last week, the finals were played yesterday at the Bahamas Football Associations National Developmental Center at the Baillou Hills Sporting Complex. In the girls division, Sandilands emerged as the new champions with a 3-2 decision over Adelaide, while Columbus secured third place with a 4-3 nipping of Carmichael. And in the boys division, Adelaide successfully defended its title with a 2-0 victory over Stephen Dillett. Albury Sayles got third place with a 1-0 blanking of Sandilands. Adelaides coach Clara Storr said she was very pleased with her teams performance. The boys played excellent. It was a good game, but I think our guys wanted it more. I cant complain. Overall, the boys played hard. They didnt lose any games and no teams in the tournament scored on them. They went through undefeated,she said. Johnson Saint Hurbert and Guapson provid ed a 1-2 punch to lead Adelaide in defending their title. As for the girls, Storr said she would have liked to have secured the double victory, but she will settle for runners-up. It went down to the wire. We went into over time and went into the penalty kick and it was do-or-die from there, she pointed out. They won it on a penalty kick. It was a good game. Storr said the tournament was a success, but she had hoped that more parents would have shown up to watch their children participate. We need more support from the outside so that people can see what we are doing, shesaid. But the competition was very keen this year. The Bahamas Football Association was a tremendous support and they provided us with a lot of safety equipment, so it raised the awareness of the children. Wilson Bain, who represented the BFA, said he was delighted to assist the Primary Schools Association with providing them with referees and equipment and making sure that the fieldwas properly prepared to play on. The tournament was interesting in some respect. The skill level needs improvement, but the kids were quite keen, he said. That was one good thing about it. They were quite keen about playing. But the time period for the tournament was just too brief. The boys and girls would have only played three days even though they would have played about 3-4 matches each day. Three days is not sufficient for them to get the growth and development in the sport. Bain said he has suggested to the Primary Schools Sports Association that they allow the BFA to organise a Saturday league where they can encourage the schools to bring their playersout so that they can develop their skills. The idea is to get them organised for a Saturday league. In that way, they can better devel-op their skills, he said. Primary Schools Associations public relations officer Frank Johnson said while this was the first event for the new school year, they wel come any assistance they can get from the BFA. The next sport on the calendar is basketball, which is expected to get started in November. C M Y K C M Y K TUESDAY, OCTOBER 19TH, 2010 THETRIBUNE PAGE 9 P AGE 10 International sports news TO DISCUSS STORIES ON THIS PAGE LOG ON TO WWW.TRIBUNE242.COM Magic sells ownership stake in Lakers... S ee page 10 V V O O L L L L E E Y Y B B A A L L L L N N P P V V A A R R E E S S U U L L T T S S THE New Providence V olleyball Association continued its regular season action at D W Davis Gymnasium over the weekend. T he Scottsdale Vixens defeated the College of the Bahamas Caribs in t hree sets and the Scotia Defenders won over the National Fence Intruders i n five exciting sets. On Sunday, the Johnson Lady Truckers took f our sets to dispose of the Cougars 25-7, 16-25, 25-14 and 25-12. Kelsie Johnson a nd Edrica McPhee led the Truckers with 11 and 10 points respectively, w hile JeNae Saunders was the leading scorer with five points for the C ougars. And in men's action, the Technicians defeated t he Saints in straight sets 2 5-21, 25-20 and 26-24. Byron Ferguson led all scorers with 11 spikes and f ive blocks. Chauncey Cooper secured 11 spikes and a block in the loss.N PVA action is slated to continue 7pm Wednesday. T T R R A A C C K K B B A A A A A A M M E E E E T T I I N N G G THE Bahamas Association of Athletic Associations is scheduled to hold i ts monthly general meet i ng 7pm October 20 in the VIP room of the Thomas A Robinson stadium. All m embers are urged to attend. T T R R A A C C K K D D I I O O C C E E S S A A N N M M E E E E T T R R E E S S U U L L T T S S THE Diocesan Youth Department hosted its 5th a nnual Track and Field Meet Saturday at Thomas A Robinson Track and F ield stadium. Heres the unofficial results of the event: 1 st Place Holy Cross 748; 2nd Place St Agnes 737; 3rd Place Holy Trin ity 729; 4th Place St Barnabas 633; 5th Place Christ Church Cathedral 527; 6th Place St Ambrose 457.50; 7th Place St Anne's 414; 8th Place St George's 394; 9th Place Holy Spirit 333; 10th Place Epiphany 317; 11th Place St Gregory's 241.50; 12th Place Christ the King 239; 13th Place St Margaret's 126; 14th Place All Saints 60.50. S S W W I I M M M M I I N N G G B B E E T T T T Y Y C C O O L L E E M M E E E E T T THE annual Betty Cole Swim Meet is all set to be held 9am to 1pm Wednes day at Xaviers Lower School. A number of competitors who have trained under Cole are expected to compete. S S O O F F T T B B A A L L L L E E X X U U M M A A C C H H U U R R C C H H L L E E A A G G U U E E THE Exuma Churches Sporting and Social Association is slated to start its Church Softball League 5pm Saturday at the George Town Softball Park with the official opening ceremonies. The regular season will follow with these games on tap: 6pm St Peters vs Palestine 7pm Gilead vs Church of God 8pm St Johns vs Ebenezer F.H 9pm Mt Olive vs St Andrews SPORTS IN BRIEF CALVARY Deliverance stunned the defending champions Transfiguration 18-8 to take control of the mens division of the Baptist Sports Councils 2010 Rev Dr Anthony Caroll Softball Classic with a perfect 3-0 win-loss record. The game was a highlight on Saturday as the league continued its regular season in all three divisions at the Bail lou Hills Sporting Complex. In another men's game played, Macedonia Baptist held off Temple Fellowship 7-6 as both teams posted identical records of 1-2. On the co-ed side, St John's Native Baptist roughed up Temple Fellowship 22-4 to also climb to 3-0 to top that division and Transfiguration stopped Macedonia 12-2. In the 19-and-under division, Macedonia stopped St John's 12-2 to take the early lead in the standings at 2-0. Here's a summary of the games played: C C a a l l v v a a r r y y D D e e l l i i v v e e r r a a n n c c e e 1 1 8 8 , T T r r a a n n s s f f i i g g u u r r a a t t i i o o n n 8 8 Brad Wood Jr went 3-for-4 with two RBI, scoring four times; Danny Stubbs was 2-for-2 with four RBI and a run scored and Donovan Stubbs was also 2-for-2 with two RBI and three runs scored. Danny Stubbs got the win over Nelson Farrington. Geo Willie was 3-for-3 with a RBI and run scored and Corey Burrows was 2-for-3 with a RBI and a run scored for Transfiguration, who remained winless at 0-2. M M a a c c e e d d o o n n i i a a 7 7 , T T e e m m p p l l e e F F e e l l l l o o w w s s h h i i p p 6 6 Valdez Bodie cracked a two-run home run; Sean Roker was 2-for-3 with a RBI and two runs scored; Gay Knowles was 3-for-3 and Zhavargo Archer was 2-for-3 in the win. Knowles picked up the win over Zach Rahming. Chris McPhee was 2-for-3 with a RBI and two runs scored; Wayde Bain was 2-for-3 with a RBI and run scored and Joey McDonald had a two-run triple, scoring a run in the loss. S S t t J J o o h h n n s s 2 2 2 2 , T T e e m m p p l l e e F F e e l l l l o o w w s s h h i i p p 4 4 Tavia Dorsette had a pair of home runs and Torri Rolle added another with a double to lead St John's to their third straight co-ed victory. Chris McPhee had a homer and double and was joined by Deval Storr in a 2-for-2 day for Temple Fellowship, who remained winless at 0-2. T T r r a a n n s s f f i i g g u u r r a a t t i i o o n n 1 1 2 2 , M M a a c c e e d d o o n n i i a a 2 2 Corey Burrows was 3-for-3 with a in-the-parker, driving in four runs and scoring three times and Nelson Far rington was also 3-for-3 with three RBI and two runs scored to account for more than half of their production. W inner Farrington was the winning pitcher and Wesley Forbes suffered the loss. Hanna was 2-for-2 and Zhavargo Archer and D'Kyle Rolle scored the two runs in the loss for the winless Macedonia. M M a a c c e e d d o o n n i i a a 1 1 2 2 , S S t t . J J o o h h n n ' s s 2 2 Bernard Ferguson had a three-run in-the-parker and Sean Roker and Vaughn Ferguson both went 2-for-3 with a RBI, scoring two runs apiece to lead the undefeated defending 19-andunder champions. Winton Hanna got the win over Jamal Rolle. Sherman Williams and Rolle scored the only two runs for the winless St John's. Due to the Bahamas Softball Fed eration's annual Austin 'King Snake' Knowles High School Invitational Softball Tournament this weekend, there will be no games in the BSC on Saturday. BSC action is slated to resume on November 6 because of the Rev Ellerston Smith's Track and Field Classic at Thomas A Robinson Track and Field stadium on Saturday, October 30. T T R R A A C C K K M M E E E E T T I I N N G G THE Baptist Sports Councils 2010 Rev Ellerston Smith Track and Field Classic is all set for 9am October 30 at Thomas A Robinson Track and Field Stadium. There is an entry fee per athlete and the divisions will include 7and-under, 9-and-under, 11-andunder, 13-and-under, 15-and-under, 17-and-under and open for both male and female. Calvary Deliverance stuns Transfiguration, 18-8 T akes control of men s division with perfect 3-0 win-loss record S S O O F F T T B B A A L L L L Soccer: Sandilands girls emerge as new champions Adelaide boys retain title with victory over Stephen Dillett By RENALDO DORSETT Sports Reporter email@example.com W ith a pair of w eekend wins, the Dorin Unit ed Hitmen advanced to the men's championship series in the New Providence Softball Association (NPSA H H i i t t m m e e n n 9 9 H H o o r r s s e e m m e e n n 4 4 A slow start offensively for both teams turned into a slugfest late as a late inning scoring flurry sealed the win and the series for the Horsemen. After the scoreless first inning, the Hitmen reached the scoreboard first in the bottom half of the second inning when Alcott Forbes crossed home plate on a fielder's choice. Again, a scoreless third inning from both teams was followed by a shift in the scoreboard. With a single swing of the bat, the Horsemen took their first lead of the game in the top of the fourth on a two run home run from Alec Rolle which also plated Gregory Jones. The Horsemen responded in the bottom of the fourth with a single run to tie the game. Ancel Pratt reached base on an error and Everette Neely drove him home two hitters later on an RBI single. The lead was tied at two headed into the fifth inning when the teams more than doubled their run output for the remainder of the game. The Horsemen separated themselves in the fifth when they held the Horseman scoreless, and scored five runs of their own. Edron Knowles, Kieron Munroe, Sherman Ferguson, Alcott Forbes, and Rashad Seymour each crossed the plate to give the Hitmen a commanding 7-2 lead. T hey added a pair of insura nce runs in the bottom of the s ixth by way of William D elancey and Munroe for a 9-2 advantage. The Horsemen tried to stage a late comeback effort in the seventh, but managed just a pair of runs for the game's final margin. Kieron Munroe led the field offensively as he went 2-4 with two runs scored and two RBI. Alcott Forbes was 2-4 with two runs scored and two RBI, Sherman Ferguson was 1-2 with one run scored and one RBI, while Ancel Pratt and Rashad Seymour were both 1-3 with one run scored respectively. For the Horsemen, Alec Rolle was 2-3 with one run scored and two RBI and Greg Jones was 1-3 with one run scored and one RBI. The Horsemen now await the winner of the Commando SecuHitmen advance to championship series In women s action, Sharks beat Operators By RENALDO DORSETT Sports Reporter firstname.lastname@example.org IN the women's division of the NPSA, the top ranked team moved through to the championship round, while one series remains hanging in the balance. P P r r o o p p e e r r C C a a r r e e P P o o o o l l S S h h a a r r k k s s 1 1 0 0 B B o o o o m m e e r r G G O O p p e e r r a a t t o o r r s s 3 3 The perennial league pennant winners and top seeds made quick work of the Operators and clinched the series in dominating fashion. The Operators took the early advantage with two runs in the top half of the opening inning, but the Sharks Thela Johnson tripled and was brought home on a sacrifice fly. Proper Care took the lead for good with a dominating second inning seven of the nine hitters in the lineup crossed home plate as they took a commanding 8-3 lead. Offensively for the Sharks, Thela Johnson was 2-2, both triples, with two runs scored and three RBI, Cara Curtis was 2-3 with two runs scored, Debbie McClure was 2-3, Keisha Miller was 2-3 with one run scored and one RBI, Shonell Symonetter was 1-2 with one run scored and one RBI, and Cleo Symonette was 1-3 with one run scored and one RBI. For the Operators, Dorothy Marshall was 1-3 with two RBI, Tyrice Curry was 2-2 with one run scored, and Neressa Seymor was 1-2 with a run. S S i i g g m m a a B B r r a a c c k k e e t t t t e e s s 1 1 1 1 P P i i n n e e a a p p p p l l e e A A i i r r W W i i l l d d c c a a t t s s 1 1 0 0 IN a complete opposite affair of the men's contest, game three in the women's series was a high scoring matchup as the Brackettes held off the surging Wildcats late. S S E E E E p p a a g g e e 1 1 0 0 S S E E E E p p a a g g e e 1 1 0 0 INCOMING: Pineapple Air Wildcats Marvelle Miller unwinds.
By PAUL LOGOTHETIS AP Sports Writer MADRID (AP Madrid's hopes of winning the Champions League this season will face an early test on Tuesday when Jose Mourinho's side takes on AC Milan in Group G. Madrid couldn't go into the game at the Santiago Bernabeu stadium in better shape. The team is undefeated and sits top of the Spanish league thanks in large part to Cristiano Ronaldo's leagueleading six goals. "It's our first serious game of the season," said goalkeeper Iker Casillas, who will make his record 104th Champions League appear ance. Ronaldo not only scored twice in Saturday's convincing 4-1 win at Malaga, but he also set up both of striker Gonzalo Higuain's goals and leads the league in assists with four. But Mourinho downplayed the importance of this marquee matchup between two clubs that have a combined 16 victories in the history of the competition. "We prepare for every game the same. No one opponent is more respected than the other," Mourinho said Monday. "Tomorrow is no game that is out of this world, it's just one more, worth the same points. Life goes on." Casillas added: "I agree with what the coach said that it's just another game, but it's also a Real Madrid-Milan." Madrid can certainly leave itself on the verge of reaching the knockout stages with a victory and Mourinho can count on a near full squad after Raul Albiol and Sergio Canales returned from injury. Full back Sergio Ramos is expected to be available after sitting out Saturday, while only former Milan playmaker Kaka is certain to be absent. But Milan will take confidence from a 3-2 win in Madrid last season thanks to a brace from striker Pato. Madrid, a record nine-time winner of Europe's top club competi tion, won its first two games against Ajax and Auxerre to lead with six points, while seven-time champion Milan has four. "We are in tiptop condition physically and mentally right now," Milan coach Massimiliano Allegri said though a translator on Monday. "But tomorrow is essential for our journey in the Champions League." Two goals from Pato led Milan to a 3-1 win over Genoa at the weekend, while Robinho also scored his first goal for his new club. The Brazil striker returns to face his old club for the first time, having played for Madrid from 2005-2008 before moving to Manchester City. "I don't go with a desire for revenge," Robinho told Monday's Marca newspaper. "I only go with the desire to win what is a very important game for our Champions League future." Robinho, Pato, Zlatan Ibrahimovic and Ronaldinho combined well against Genoa. Ibrahimovic returns to face Mourinho for the first time since he swapped Inter Milan for Barcelona and the Por tuguese coach expects the Sweden striker to be at his best on his return to Spain after a Barcelona stint marked by a lack of confidence. "Spain doesn't know the best Ibrahimovic, but I do," Mourinho said. "You have to show respect when you come up against players of this quality. We'll see who plays." Allegri also made it clear that beating Mourinho was not his target as he faces the Portuguese coach five months after he led Inter to the Champions League title. "We're talking about two great champions that are definitely different in terms of characteristics," Allegri said at the Bernabeu. "The best thing we can do is to go forward with what we're doing. To believe we're assured a win is sui cide. Technically we must play a perfect match." In the other Group G match, Ajax is at home to Auxerre. Ajax beat NAC Breda on Saturday to remain second in the Dutch league, but is still looking for its first Champions League victory of this season. "With the atmosphere at home, we have to win," said Urby Emmanuelson, who is likely to take the injured Vurnon Anita's place at left back. Ajax also will be missing talented midfielder Siem de Jong, who is recovering from an injury to his right hamstring. Auxerre, meanwhile, could be without a key number of players to injury while striker Dennis Oliech and center half Jean-Pascal Mignot are both available. By GREG BEACHAM AP Sports Writer L OS ANGELES (AP Magic Johnson sold his small ownership stake in the Los Angeles Lakers to Dr Patrick S oon-Shiong on Monday, possibly clearing the way for the Hall of Famer to own a bigger portion of another NBA team in the future. Johnson bought shares representing about 4.5 per centof the Lakers in June 1994 for a reported $10 million. Johnson said the sale was strictly a "bittersweet business decision," but the five-time league champion has long beeni nterested in taking a larger ownership role in an NBA franchise. "I thank Dr (Jerry from the deepest part of my heart and soul for allowing me such an incredible opportunity," Johnson said in a statement. "I will continue tow ork alongside Dr Buss, Jeanie Buss and (general manager) Mitch Kupchak in their efforts to continually build and maintain the best NBA franchise in the league." J ohnson spent his entire 13year playing career with Los A ngeles, including a 32-game comeback in 1996 nearly five years after his retirement. He has been a successful businessman since leaving thes port, excelling in commercial real estate ventures including movie theaters, r estaurants and health clubs. "The sale of Earvin's share of the team is a business decision which will not change our relationship," Buss said." Our friendship goes well beyond business. Patrick is a longtime and passionate Lakers fan, and we are delightedt o have him as a partner." Johnson, who also briefly coached the Lakers, has beena regular presence around the L akers in recent years when he isn't working as a broadcaster. "I want to assure all the wonderful and loyal Lakers fans that my decision will in no way affect my dedication a nd support for the Los Angeles Lakers," Johnsons aid. "I am and will always be a Laker for life." Yet Johnson has ambitions t hat go beyond a 4.5 per cent stake in a team, and realizing t hose ambitions would require him to sell his stake in the Lakers. The Michigan native expressed interest last monthi n taking a significant role in a group attempting to buy the Detroit Pistons led by Mike I litch, who also owns the Detroit Red Wings and Detroit Tigers. Ilitch's group hasn't publicly made any connection with Johnson. S oon-Shiong is an innovative physician, a businessman, a philanthropist, a UCLA professor and a 25-year Lak-e rs season ticket holder. He founded two lucrative pharmaceutical companies: Abraxis BioScience, which w as purchased by Celgene Corp. for $2.9 billion last week, and American Pharma Partners. "Our family looks forward to a future filled with the excitement this team brings t o the city and the nation," Soon-Shiong said. "EarvinJ ohnson is a shining example of excellence on and off the court, and it is a privilege to have acquired his ownership p osition." C M Y K C M Y K LOCAL/INTERNATIONAL SPORTS PAGE 10, TUESDAY, OCTOBER 19TH, 2010 THE TRIBUNE TO DISCUSS STORIES ON THIS PAGE LOG ON TO WWW.TRIBUNE242.COM rity Truckers and the YII Shipping New Breed series. D D o o r r i i n n U U n n i i t t e e d d H H i i t t m m e e n n 5 5 F F r r e e e e d d o o m m F F a a r r m m H H o o r r s s e e m m e e n n 0 0 Alcott Forbes left his impression all over the stat sheet and willed his team to a shutout win and a decisive lead in the series with their second win of the series Saturday night at the Blue Hills Complex. Forbes pitched a complete game, and in seven innings struck out 12 hitters and gave up just two hits to give the Hitmen a 2-0 lead in the series. The Hitmen received all t heir necessary run support in t he first innings when they t ook a 3-0 lead in the bottom half of the first. After a pair of routine outs at the top of the inning, Sherman Ferguson blasted a triple faced with a full count to become his team's first base runner. Forbes reached first on an error which also allowed Ferguson to score the game's opening run. Forbes and Rashad Seymour crossed h ome plate shortly after for a 3-0 lead. Forbes had at least a single strikeout in every inning of the game beginning with one in the first. He struck out two of the three hitters he faced in the second inning as the Hitmen added another run when Ferguson scored his second run of the game in the third inning on a pass ball. Forbes struck out two of three hitters in the third, two of three in the fourth, two of the four he faced in the fifth inning and closed out the game in the seventh when he struck out the side to seal the win. Ferguson lead the offensive charge at the plate with a 3-3 night which included two runs. Seymour was 1-3 with one run, Kasimo and Everette Neely both went 1-2. Godfrey Burnside and Devaughn Wong were the lone hitters to safely hit Forbes as they both finished 1-3. Leroy Thompson suffered the loss as he gave up seven hits, delivered five strike outs and allowed five runs in a complete game. Hitmen advance to championship series F F R R O O M M p p a a g g e e 9 9 F F R R O O M M p p a a g g e e 9 9 In womens action, Sharks beat Operators Tied headed into extra innings, Both teams combined for seven runs in the eighth, with the Brackettes scoring a 4-3 edge to take a 2-1 lead in the series. The scoring began early and continued throughout when the Brackettes took a 2-1 lead after the first inning. Katrel Dorsette opened with a double, followed by a single from Krystal Delancey. Zella Symonette drove home the first score of the game with an RBI single which scored Dorsette. Delancey added the team's other run in the inning while Vernie Curry crossed the plate for the Wildcats. After she blasted a triple, Jeanette Hilton scored on a sac fly from Mary Sweeting to tie the game at two in the second inning. The Brackettes regained the lead with a pair of runs in the fourth inning, scored by Dorsette and Shaquel Smith for a 4-2 lead. The Brackettes added a pair of runs at the top of the inning to take a commanding 6-2 advantage. The defending champions responded with the highest scoring inning of the game when Chris tine Cooper, Edwards, Hilton, Sweeting, and Marvelle Miller each crossed the plate for five runs and the Wildcats took a 7-6 lead, their first lead of the game. Taylor crossed the plate for the Brackettes to tie the game at seven to set the stage for the decisive eighth inning finale. The Brackettes scored four runs in the top half of the inning by way of Delancey, Symon ette, Taylor and Shaquel Smith, while the Wildcats fell just short with three runs. Ernestine Stubbs got the win with a complete game, eight innings pitched, while Mary Sweeting was tagged with a loss in the relief effort, four and two thirds innings pitched. Marvelle Miller began the game with six and one third inning pitched and delivered six strikeouts. Cossie Smith finished 2-3 with four RBI, Krystal Delancey went 2-5 and scored three runs, Shervette Taylor finished 1-4 with three runs scored and one RBI, Zella Symonette was 1-4 with one RBI. For the Wildcats, Vernie Curry was 1-5 with two RBI and one run scored, Marvelle Miller was 2-4 with one run scored and one RBI, Jeanette Hilton was 2-4 with two runs scored and one RBI and Donette Edwards was 2-4 with a run scored. Magic sells ownership stake in Lakers SOLD STAKE: Former basketball star Earvin "Magic" Johnson speaks during a news conference on World AIDS Day in Los Angeles. The Los Angeles Lakers announced that Johnson has sold his small ownership stake in the Lakers to Dr Patrick Soon-Shiong. (AP Photo ASUNCION, Paraguay (AP Paraguay and host Peru will play Chile in the opening matches of the South American qualifying tournament for the Under-20 World Cup. The tournament is held January 22 to February 13 with the top four teams qualifying for the World Cup in Colombia next summer. The top two will also earn berths at the 2012 Olympics in London. The Peruvian city of Arequipa will host both opening matches from Group A as well as the final, with Tacna and Maquegua also receiving games. Peruvian football federation president Manuel Burga said "the organisation is on the right track for a successful tournament." The tournament unveiled a miner called Minerito as the mascot for the tournament an homage to the 33 trapped Chilean miners who were rescued last week. Draw held for South American U20 qualifying INSIGHT 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 Madrid looks to show credentials vs. Milan GOALKEEPER Iker Casillas. (AP By HOWARD FENDRICH AP Pro Football Writer LANDOVER, Md. (AP Maybe this is simply who Peyton Manning and the Indianapolis Colts are in 2010: a mistakemaking bunch that manages tog et by. A gainst the Washington Redskins, Manning threw three passes that should have been inter cepted in the first half. Then Manning lost one of the Colts' three fumbles in the second half. With a chance to run out thec lock late, Indianapolis went t hree-and-out on three incompletions by Manning. Plus, the defense looked shaky at times, missing tackles in bunches, and kicker Adam Vinatieri missed two field-goal attempts. Overcoming all of those short comings, the Colts edged the Redskins 27-24 Sunday night, thanks mainly to two touchdown passes by Manning and 128 yards on the ground from Joseph Addai before he left with a banged-up shoulder. The Colts improved to 4-2, tied atop the AFC South but a far cry from the dominating group that began last season 140 en route to the Super Bowl. "The standards and expectations of our team are so high," said Colts cornerback Jerraud Powers, whose first-quarter interception of Donovan McNabb set up a score, "that whenever we have a few bumps in the road, people seem to panic: 'The Colts are going to have a bad year.' ... We're working on being more consistent and finding our identity." Now Indianapolis gets a bye week, which will give it time to do that sort of work, and perhaps heal. In addition to Addai's injury, receiver Pierre Garcon hurt his right ring finger, and starting middle linebacker Gary Brackett missed the game entirely with a groin injury. Manning completed 25 of 38 passes for 307 yards and two touchdowns, including a 57yarder to Garcon to make it 7-0. Addai's big day included a 13yard TD, part of the Colts' sea son-high rushing output of 170. Garcon also made the play of the day, a spectacular, backhanded, one-handed catch while falling down for a 21-yard gain that set up a 43-yard field goal by Vinatieri in the second quarter. "Man, it was just really luck, m an," Garcon said. "I raised my h and and I tried to grab it and it really stuck to my gloves." Manning, Colts pleased to be 4-2 heading into bye PLAYMAKER: Colts quarterback Peyton Manning passes during the first half of Sundays game against the Washington Redskins. (AP Photo