The Tribune.
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Title: The Tribune.
Uniform Title: Tribune. (Nassau, Bahamas).
Alternate Title: Nassau tribune
Physical Description: v. : ill. ; 58 cm.
Language: English
Publisher: Tribune
Publication Date: 10/20/2010
Spatial Coverage: Bahamas
General Note: Description based on: Vol. 79, no. 210 (Aug. 3, 1983); title from caption.
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Source Institution: University of Florida
Rights Management: All rights reserved by the source institution and holding location.
Resource Identifier: oclc - 09994850
oclc - 9994850
System ID: UF00084249:01684


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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 Fashion firms seek vendor damages C M Y K C M Y K V olume: 106 No.275WEDNESDAY, OCTOBER 20TH, 2010 PRICE 75 (Abaco and Grand Bahama 1.25 WEATHER CLOUDS, SUN, T-STORM HIGH 85F LOW 74F B U S I N E S S SEEBUSINESSPAGE1B S P O R T S Strike back at 30-40% business fall SEEPAGENINE Fireman proud of athletes By NOELLE NICOLLS Tribune Staff Reporter REPRESENTATIVESof Gucci and Louis Vuitton are seeking compensation from the Bahamian straw vendors arrested in the United States, accord ing to an attorney involved in the case. Eliot Sagor, retained by the Bahamas government, said he was in court on Monday when representatives of these companies sought damages during the sentencing of straw vendor Judy Duncombe. However, according to Mr Sagor, the judge did not order restitution. He could not confirm if the representatives also appeared during the sentencing of straw vendor Margaret Pierre, as he was not in court at the time. Both women were sentenced to time served and ordered to leave the country immediately. They arrived home yesterday morning. Fred Mitchell, opposition spokesman on foreign affairs, who is currently in New York mobilising the Bahamian com munity on the issue, said he understands restitution is part of the sentencing law in the United States, so the judge would typically give those preGucci, Louis V uitton representatives in court as Bahamian sentenced The Tribune THEPEOPLESPAPER BIGGESTANDBEST BAHAMASEDITION McCOMBO OF THE DAY N E W BAHAMASBIGGEST CARSFORSALE, HELPWANTED ANDREALESTATE I N S I D E By NOELLE NICOLLS Tribune Staff Reporter BAHAMIAN fishermen are urging the authorities to form an international coalition to crack down on companies that profit from poaching in Bahamian waters. Myron Lockhart-Bain, former chief counsellor of Ragged Island, said the only way to alleviate the problem is to implement strict regulations that touch the boat owners. I think it is a problem where the Bahamian gov ernment has to get in with the Dominican government. They need more strict fines and sentences for the poach ers to see you are serious, not just a little fine for the captain and then a free ride home. They just go back out and get another big boat, said Mr Lockhart-Bain. A boat from the Dominican Republic was captured last week with more than 25,000 pounds of illegal fish (see story, Page 3 The boat captain, Eduardo Diaz, was fined $50,000 after he and 28 crew members pleaded guilty to fisheries law violations that included: engaging in foreign fishing, possession of prohibited apparatus and possession of undersized crawfish and grouper. The men were ordered deported by Chief Magistrate Carolita Bethel. They are taking a lot more than what the Bahamian fishermen regularly catch. Bahamian fishermen dont get those kinds of figures in a regular trip. It is a huge take, especially with all of those undersize fish, said Mr Lockhart-Bain. Poaching has been a prob SEE page eight 25,000 POUNDS OFFISH: Local workers remove some of the fish seized from a Dominican vessel last week. CALL FOR CRACKDOWN ON POACHING PROFITS By PAUL G TURNQUEST Tribune Staff Reporter pturnquest@ THE Progressive Liberal Party will hold a live press conference on Thursday night at Gambier House to give the country a full account on its position as it relates to the multi-billion dollar Baha Mar project. With the development being a major angst for the current government considering the massive foreign labour component attached to the deal, it is yet to be seen whether or not any progress will be made on the matter when SEE page eight By PAUL G TURNQUEST Tribune Staff Reporter OPPOSITION Leader Perry Christie denounced the governments handling of the downsizing exercise at the Broadcasting Corporation of the Bahamas, calling it a cal lous and heartless act that is forming a pattern with this FNM government. Holding a press conference in the Minority Room at the House of Assembly yesterday, Mr Christie, with a number of his fellow Members of Parliament, informed the media that the PLP would not have handled these long serving workers in such a fashion. This government continues to demonstrate an uncanny lack of respect for ordinary working Bahamians, a commitment for putting things before the welfare of people, and placing the desires and ambitions of special interests above the needs of the many. The government stands further condemned for its nasty and intolerable habit of vilifying ordinary hard working Bahami ans just before initiating mass displacements, needlessly destroying their careers and dis rupting their lives and the lives of their families. These unfor givable and redundant attacks on Bahamians who have given much of themselves in the development of this country form a pattern of behaviour by the FNM that is unbecoming CHRIS TIE HITS OUT AT GOVERNMENT HANDLING OF ZNS DOWNSIZING SEE page seven BAHA MAR POSITION: PLP leader Perry Christie PLP SET TO GO LIVE ON BAHA MAR POSITION F e l i p M a j o r / T r i b u n e s t a f f SEE page eight AN appeal hearing involving two feuding Israeli brothers began in the Court of Appeal yesterday. Brothers Rami Weisfisch and Amir Weissfisch have been engaged in a long standing feud involving millions in assets. The two brothers are the owners of one of the most prominent metals trading firms in London Metals Resources Group (MRG Amir was the only brother present at yesterdays Court of Appeal hearing, however Ramis attorney presented arguF euding Israeli brothers appeal hearing gets underway SEE page eight


Thirty growers from six Family Islands heard from professionals from Jamaica Drip Irrigation and the Jamaica Greenhouse Growers Association on the latest techniques for all-year farming. The Andros greenhouses feature a 52-by-78-foot Israelidesigned self-ventilating metal model created especially for hurricane prone Caribbean countries. It was set up to show growers how it can be used to grow hydroponically and in soil, whether in pots or in the ground, using the drip system which supplies nutrients to the roots of the plants. The other is a wooden 30by-90-foot structure constructed by Andros farmer and contractor Caleb Evans. It is to be used mainly to propagate fruit trees for distribution throughout the islands. "The seminar was very informational, very encouraging," said pineapple grower Diana Lady Di' Thompson out of North Eleuthera. "Greenhouse technology offers farmers a better and easier way to earn a living. That is the future for farmers in The Bahamas. "The ability to grow more products in a smaller space during a longer season could mean an increase in income for farmers." She is anxious to utilise the technology to take advantage of a demand for vegetables. "Tomatoes come in season around January and by the end of March we don't have any in the country unless we import them. "What I am going to do, when those farmers who are growing them out in the field are ending their harvests, I will start putting in my seedlings so that all through the summer and through the winter I will be harvesting my green peppers and my tomatoes and my lettuce," she said. Exuma Growers Association assistant treasurer Alvin Clarke found the seminar "very educational." "This is exactly what I want to do. I am happy that BAIC was able to bring the information to us and help to cut down on all the intense research. "Moreover, they had the specialists available who have been there and done that, so they can help us avoid their mistakes. I appreciate the whole event." With eyes on tapping into the $500 million used to import food products, Mr Clarke and a partner are planning a 60-by-150-foot green house for his farm in Exuma. Growers also came from New Providence, Abaco, Grand Bahama, and Andros "I am very impressed. The work went just perfect," said BAIC chairman Edison Key. "One of the greenhouses is already in operation and the interest among Bahamian growers is growing. "Once we get this style of farming established throughout our islands, we will be able to produce vegetables, for example, throughout the year instead of just seasonal. "Moreover, farmers will be able to grow a lot of products in a small area. Using the drip irrigation system, the savings would be tremendous compared to the old overhead system. "That would go a long way in increasing farmers' income, increasing the quality of products reaching Bahamians' table, and lowering the cost to householders." Deputy chairman Ronald Darville, general manager Benjamin Rahming, assistant general managers Judith Thompson (land) and Arnold Dorsett (agriculture) accompanied Mr Key. Inter-American Institute for Co-operation on Agriculture representative, Dr Marikis Alvarez, also joined the team. Representing Jamaica Drip were vice president Dovi Ayalon and consultant Jervis Rowe, president of the Jamaica Greenhouse Growers Association. "We wanted to get those attending the seminar aware of the greenhouse technology and its application in food production," said Mr Rowe. "The reception was great. They were all very interested. And the possibility of obtaining a very good greenhouse products in the Bahamas is alive and well." THE Bahamas Agricultural and Industrial Corporation has unveiled the first two of a series of greenhouses slated for the North Andros Agri-Industrial Park during a weekend growers seminar there. C M Y K C M Y K LOCAL NEWS PAGE 2, WEDNESDAY, OCTOBER 20TH, 2010 THE TRIBUNE TO DISCUSS STORIES ON THIS PAGE LOG ON TO WWW.TRIBUNE242.COM INDEX MAIN/SPORTS SECTION Local News.............P1,2,3,5,6,7,8,11 Editorial/Letters.........................................P4 Sports...................................................P9,10 Advt ........................................................P12 BUSINESS/ARTS SECTION Business........................................P1,2,3,4,5 Comics.......................................................P6 Weather......................................................P9 CLASSIFIED SECTION 24 PAGES USA TODAY MAIN SECTION 12 PAGES BAIC unveils greenhouse technology BAIC executive chairman Edison Key (second left) being shown around one of two greenhouses at the North Andros agri-industrial park. EXECUTIVE chairman Edison Key confers with North Andros Persian limes grower Barbara Cartwright. Gladstone Thurston/ BIS Photo


By NOELLE NICOLLS Tribune Staff Reporter BAHAMIAN authorities f ound 1,600 pounds of undersized Nassau Grouper among 25,000 pounds of illegally-taken fish on a Dominican vessel when it was confiscated last week. On Monday, the boat capt ain was fined $50,000 after h e and 28 crew members p leaded guilty to fisheries l aw violations. Captain Eduardo Diaz, 50, was ordered by the court t o pay his fine or spend a y ear in prison, and his crew w ere ordered deported. F rom the built in freezer o f the 70ft steel-hulled m otor vessel, authorities offloaded an additional 590 pounds of undersized groupers; 11,322 lbs of whole lobsters; 361 lbs of lobster tails, including 17 lbs that were undersized; and 1 1,828 lbs of mixed fish, including snappers, parrot and hog fish, said Gilford L loyd, senior fisheries offic er. T he crawfish alone filled to capacity three large delivery trucks when it was cart-e d off for storage at a commercial fish house contract-ed by the Department of Marine Resources. The fish are held until after the trial, because you cant confiscate or seize p roducts until there is a conv iction. Then the court decides what to do with the fish, said Mr Lloyd. H e said the presiding magistrate has the liberty to donate the fish to a charita ble organisation; however, n ormally the product is p laced on the market for sale. While not the largest ever, i t was considered a huge seize, said Mr Lloyd. T he Royal Bahamas D efence Force (RBDF w ith the assistance of the U nited States Coast Guard, c aptured the vessel off C olumbus Bank, east of Ragged Island in the southe ast Bahamas, arresting a crew of 33 Dominican men. Inspector Ramsey of the P otters Cay Police Station said nine small boats were c onfiscated with the main vessel, in addition to nine spear guns, crawfish hooks,b oat engines (15 horse power) and compressors. No illeg al weapons were found on board. They often do have t hem, but when the Coast Guard is gaining on them they drop them in the sea, said Inspector Ramsey,s peaking of the high powe red weapons used by some poachers. While poaching is a major problem for fishermen in the Southern Bahamas, Ragged I sland fishermen rarely c ome into direct contact w ith poachers, according to M yron Lockhart-Bain, form er chief counsellor of R agged Island. He said the subsistence f ishermen operate out of small boats, under 20 feet long, with a crew of two p eople. They fish eight to 10 miles off the coast, unlike t he foreign fishermen, who stay about 30 miles out on the Great Bahama Bank. M ost poachers have a large enough crew to work i n shifts, and their main boats usually anchor in about 200 to 400 feet of w ater, according to Mr Lockhart-Bain. The smaller boats, go out and clean up everythingw ithin a 10 miles radius of t he mother ship. They are cleaning up everything. They even crack conch under the water, take out the conch and bag them; i t ruins the conch bed. C onch are just like people; n o one wants to live in a g raveyard. You can always t ell where they have been, b ecause there are piles of shell, said Mr LockhartB ain. A New Providence based fishermen said unlike B ahamian fishermen, poachers have no respect for seas ons or size limits; they fish day and night and in all weather conditions. H e also claimed the international boats have superior t echnology, which they use to evade the authorities. By DENISE MAYCOCK Tribune Freeport Reporter d FREEPORT Persons who wear excessive amounts of jewellery could be making themselves a tar get for thieves, who are contributing to the proliferation of black market businesses here on the island. Supt Macktavius Daniels, officer in charge of the Cen tral Division, said police are aware of the widespread black market business for stolen goods, especially jewellery. There are a lot of peo ple who are involved in that black market business and the thieves know who to carry the jewellery to when they steal it from you, he said. Mr Daniels said the police are receiving information and are investigating, exe cuting search warrants, and taking persons in for questioning. While he is not discouraging persons from wearing their jewellery, he believes it is wise to avoid wearing a great deal at once. This comes after a woman was attacked in broad daylight by a thief who robbed her of gold chain while walking in the Freeport area. According to police reports, the incident occurred around 8.20am on Thursday last week, while the victim was walking in the area Explorers Way and Shackelton Lane. The woman reported that she was approached by a light-skinned man who got out of a dark vehicle with tinted windows. The man reportedly hit her in the face and yanked the gold chain from her neck. The woman went to the Rand Memorial Hospital, w here she was treated and later discharged. This matter is being invest igated by officers from the Central Detective Unit. Supt Daniels said that legitimate Cash for Gold operators are not part of the problem. Problems I believe a lot of the problems are coming from what I would term the black market people. I think it is widespread. There are a lot of peo ple who are involved in that, he said. We do not want to cause alarm, but I believe that individuals need to be more vigilant and alert of their surroundings; you should take note of persons walk i ng too close behind you and watch out for some people who use tactics tod istract you, he said. With the holidays approaching, Mr Daniels said people should take measures to protect their property and valuables. You can secure your jewels in a safe deposit box or take other means to secure your valuables, he said. Supt Daniels said the police will continue their neighbourhood walkabouts in the Central Division. He believes that a large police presence will deter criminals. Every week we are in some area walking and talking to residents and we have one planned for this week, he said. C M Y K C M Y K LOCAL NEWS T HE TRIBUNE WEDNESDAY, OCTOBER 20TH, 2010, PAGE 3 TO DISCUSS STORIES ON THIS PAGE LOG ON TO WWW.TRIBUNE242.COM FREEPORT Derek Levan Davis, 32, waso rdered to undergo psychiatric evaluation after he was formally charged in connection with last weeks stabbing incident at the Royal Bank of Canada. Davis appeared this week before Magistrate D ebbye Ferguson in Court One, where he pleaded not guilty to causing harm and r esisting arrest. It is alleged that on October 15, the accused intentionally caused harm to Doyle Smith. Magistrate Ferguson adjourned the matter December 10, 2010. She remanded Davis to the Sandilands Rehabilitation Centre in New Providence. 25,000 pounds of illegally-taken fish was found on Dominican vessel Excessive jewellery can make wearers a target for thieves PS YCHIATRIC EV ALUATION ORDERED F OR ACCUSED MAN F ISHFOUND: 2 5,000 pounds of illegally-taken fish (above f ound on this Dominican vessel (left Felip Major /Tribune staff


EDITOR, The Tribune. Response to Nicki Kelly article in the Punch entitled Attitude of Market Vendors Explains Why Crime So High dated Thursday September 30, 2010. In this article, Mrs Kelly said, Anyone trying to explain the high crime rate in this country would get a pretty good clue from the reaction of market vendors to the arrest in New York of several of their sisters on charges of trafficking in counterfeit goods. Mrs Kelly should be advised that, according to the Websters Dictionary, crime is a violation of law. Please tell the straw vendors and the Bahamas what Bahamian law the vendors are violating. During an interview, in which I saw on a cable station, with a high-end designer of authentic name brand products that sells in the Bahamas, questions were asked of him about the knock off of his product line. He answered by saying that his clients will never buy a knock off, he is not affected in anyway and he made over nine billion plus in profit in one business year. So this leaves me to believe that the noise is coming from those who sell counterfeit products and are hurt by the ven dors selling similar knock off products in the Bahamas also. The designer with whom I have seen on cable TV did not sound nor appear to be deprived to me of the ability to sell his goods that he made by the sweat of his eyebrow. How can Nicki Kelly compare the crime problem in the Bahamas to the nine vendors arrested in New York? These young people want to make an honest living just like her and every other Bahamian. The atti tude, from many, towards these vendors is beyond me and in my opinion despicable. At least these young people are not out side looking in with the only ability to judge, pull down and criticise. As I read her article and I zoned in on the points she mentioned about Jesus. Two points did not escape me. Firstly, The earth is the Lords and all its fullness, the world and those that dwell therein. For he founded it upon the seas and established it upon the waters Psalm 24:1. Do we own our own souls? Secondly, Train up a child in the way he should go and when he is old, he will not depart from it Proverb 1:6. I believe people in general (not straw vendors) are responsible for their own behaviour (crime no matter the age. This Punch writer also likened my attitude to that of a common criminal and my rea soning to that of a drug trafficker. To this I would say that Jesus was called worse names. I thank her very much for the free advertisement. I believe my job is to defend the poor and her job is to defend ther ich. The problem, as I understand, is that the US government sees the Bahamas as a place with a pirate spirit as she referred to it in her article. We have counterfeit in many sec t ors of our society namely software, music, movies, broadcast, e tc. The lawmakers have a big task ahead of them that will affect almost every facet of our society. I would like to hear the author of the article address the existing copyright laws thath ave been widely ignored. She appears to be the only copyright law keeper in the Bahamas. When last did Mrs Nicki Kelly walk through the entire straw market? It is obvious that Mrs Kelly has not walked through the straw market in a while nor has her informant given her accurate information. She indi cated that the straw bags that she claims our visitors do not want to purchase, the plait and raffia trimmed bags, was made 50 years ago. Mrs Kelly should be enlightened that the straw bags of high-end quality are being made by straw vendors. The teachers participating in the BAIC and BTVI initiatives are straw vendors. We are merely supplying our visitors demands which is the foundation of any legal business and economics. Mrs Kelly needs to tell the straw vendors what Bahamian tax payers money she is talking about that is being used to build the new straw market. The straw vendors are a group of people who pay taxes and contribute greatly in this country. The Government is now using our contribution to this country to rebuild the straw market. Please tell me the difference between the vendors taxes paid and Nicki Kellys taxes paid to the Government of the Bahamas. In my opinion, I feel we have more critical matters taking place in our country in which Mrs Kelly should be addressing. Why are we discussing bags? Is money more important than lives? I would like to extend an invitation to Mrs Kelly to visit the straw market located on Bay Street, and she will see that we sell them all. If she visits, she would be in a more informative position to speak on such topic. REV ESTHER THOMPSON President of Straw Business Persons Society Nassau, October, 2010. C M Y K C M Y K EDITORIAL/LETTERS TO THE EDITOR PAGE 4, WEDNESDAY, OCTOBER 20TH, 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 TELEPHONES Switchboard (News, Circulation and Advertising A dvertising Manager (242 Circulation Department (242 WEBSITE updated daily at 2pm TODAY we all sympathise with anyone who, because of the world-wide economic downturn, has lost a job. For years most thinking Bahamians knew that this country could not continue forever supporting the ever growing and in many areas ill performing civil service. It was during the Pindling era that a member of Sir Lyndens own Cabinet warned that the civil service was in urgent need of a severe trimming. What is remarkable in this present economic crisis is that the Ingraham government has been able to hang on so long without lopping off too many branches. In 2007 when job cuts at the Broadcasting Corporation were the buzz of the town, The Tribune reported that ZNS staff seemed unconcerned. Some of the staff told our reporter that if fired all they wanted was a good package and they would leave quietly. The general attitude is nobody cares. For years the Broadcasting Corporation has been overstaffed managers tripping over each other. Added to which for the five-year term of Opposition Leader Perry Christie the statutory requirement that the corporations audited accounts had to be laid on the table of the House was ignored. Government officials later said it could cost at least $350,000 to get the corporations accounts in order for the years 2005 to 2007. In the meantime under the new board, BCB desperately struggled to collect millions in unpaid debts. It boggles the mind to conceive how any business could operate without a watchdog over its accounts. But that is how ZNS was administered. It is little wonder that every year the taxpayer had to underwrite the cor poration. Last year Broadcasting Corporation chairman Michael Moss criticised the former Christie administration, arguing that the former minister responsible for the BCB was derelict in his duties by not enforcing the laws that governed the corporation. In his opinion the BCB directors of that period should have been taken to court to explain their failure to carry out their statutory duties. The Ingraham administration inher ited a hugely overstaffed corporation with noone following the money trail. Immediately everyone knew that something had to give. And give it did last week. Many retired workers accepted their severance packets and left quietly. However, others, with higher expectations, and encouraged by their union leaders, created chaos. We believe that at that point they lost public sympathy. Holding a press conference yesterday, Mr Christie called the downsizing exercise callous and heartless. He said the nation watched in horror as those dismissed were treated like common thugs and criminals. Even though they acted professionally and non-violently, they were being escorted to their desks to collect their belongings and then escorted by the police out of the gate, creating the specter of criminality. Mr Christie must have watched a different demonstration. What we saw was most unprofessional behaviour. What would Mr Christie have done if a mob, urged on by their unions, took over the station and through sabotage cancelled the 5pm, 6pm, and 7pm radio and television newscasts? For example, they took over the newsroom, with someone setting off the fire alarm to stop Jerome Sawyers newscast. One of them tore up the script for another newscast and when that newscasts anchor tried to reprint it, the plug was pulled on the printer. Is that what Mr Christie calls professional and non-violent behaviour? What would Mr Christie have done if presented with the same state of affairs? Would he have sent the police in with a large cake and an invitation for all to sit down and enjoy a farewell party? Of course not. The police had to restore law and order and regain the station. They had no choice but to escort staff out. That was one of the problems with the Christie administration it was too soft on enforcing the law. Across the board the Ingraham govern ment paid out more in severance than staff were entitled under their contacts. Not only did government have to support the continued running of the station with $4.2 million, but it had to find an additional $4 million to compensate the 80 staff let go. BCB did not generate this revenue. It came from the Public Treasury our tax dollars. Gradual pruning should have been done years ago, instead more staff were taken on, often at the urging of politicians to satisfy their constituents in need of a job. When the crunch finally came had Mr Christie been at the helm, how would he have handled the situation with unaudited books, millions still in need of collection, and more staff than the corporation could afford? If the station had been better managed in the past it is possible this day could have been avoided and everyone could have carried on with that essence of human dignity that Mr Christie so desires. Who can tell the difference between real and fake product s? LETTERS How would Christie have handled job 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 127,&(LVKHUHE\JLYHQWKDW /,&,(1 (00$18(/ RI&KDUOHV9LQFHQW1DVVDX%DKDPDV LV DSSO\LQJWRWKH0LQLVWHUUHVSRQVLEOHIRU1DWLRQDOLW\ DQG&LWL]HQVKLSIRUUHJLVWUDWLRQQDWXUDOL]DWLRQDV FLWL]HQRI7KH%DKDPDVDQGWKDWDQ\SHUVRQZKR NQRZVDQ\UHDVRQZK\UHJLVWUDWLRQQDWXUDOL]DWLRQ VKRXOGQRWEHJUDQWHGVKRXOGVHQGZULWWHQDQG VLJQHGVWDWHPHQWRIWKHIDFWVZLWKLQWZHQW\HLJKWGD\V IURPWKH WKGD\ RI 2FWREHU WR WKH 0LQLVWHU UHVSRQVLEOHIRUQDWLRQDOLW\DQG&LWL]HQVKLS3%R[ EDITOR, The Tribune. I would greatly appreciate it if you would publish this open letter to the Department of Environmental Health Services. As a scientist and a concerned citizen, I appreciate the need to reduce mosquito populations to head off the transmission of d iseases such as Dengue Fever and I acknowledge the use of Malathion spray as a method of mosquito population control in forested areas. That being said, when I awoke early this week around 5am to the rumbling drone of the sprayer truck, I was unprepared for the heavy dose of Malathion that came into my bedroom win dow. I feel this is inappropriate. People need to be informed/warned of these types of activities before they happen, not crept upon in the dawning light and force-fed hazardousc hemicals as they slumber. Please stop this nonsense. We are people, not farm animals. A DAVIS Nassau, October, 2010. Dont force-feed us hazardous chemicals while we slumber


By DENISE MAYCOCK T ribune Freeport Reporter d FREEPORT Despite a devastating fire Monday at Care Maintenances DAPL Farms and Garden Centre, business owner Desmond Degregory said none of the 50e mployees is out work and business will resume as usual. Mr Degregory told The Tribune that another building on the property will be used as a temporary office for the busi-n ess on Grand Bahama Highway. In our initially report on the f ire, Ted Russell was named a s the owner. Mr Degregory said Mr Russell is the operations manager. He stated that preparations to have power and telephone restored at the property are underway. We have BaTelCo and the P ower Company there getting the telephone and power back up and running at the site. Hopefully, by the end of the week, we will be back inf ull operation in a makeshift o ffice at the property, said M r Degregory. Asst Supt Hector Delva, police press liaison officer, r eported that the total damage caused by the fire is estimated at $790,000. H e said fire destroyed the a dministrative building and four company vehicles. He noted that two other buildings on the property sustained no damage. According to Mr Degrego r y, the business was insured for around $600,000. Fire officials at the Royal Bahamas Police Force are still c onducting investigations into the cause of the fire. Mr Degregory said Care M aintenances main office and warehouse is not situated at Grand Bahama Highway. H e said DAPL Farms is a subsidiary of Care Maintenance, which has been in busi ness for some 38 years, providing landscape design, irrigation, lawn maintenance andj anitorial services. Mr Degregory noted that both companies are family owned and fully Bahamian. It is very saddening that the farm was gutted, but we are going to be here and movef orward and rebuild, said the businessman. All of our equipment is s tored at a different warehouse and in trailers. The workers have been sent out on jobs. We have to keep our cust omers happy, and as bad as it sounds it is business as usual, he said. M r Degregory said the Grand Bahama economy has been very challenging in recenty ears. It has been tough for us with the present state of the economy. We have been fighting e very day to stay alive because as you know, Grand Bahama is very dead. It has been difficult and it (the fire throwback, but we are going to move forward and do our bestt o pay our bills, Degregory said. Mr Degregory said DAPL F arms has been in business four years. The company provides garden supplies ands tarted producing local mulch t his year. That is one of the new things we got into in the beginn ing of year. It was a major investment for us and persons will see our products (BahamaM ulch) in the stores on Grand B ahama, he said. C M Y K C M Y K LOCAL NEWS T HE TRIBUNE WEDNESDAY, OCTOBER 20TH, 2010, PAGE 5 TO DISCUSS STORIES ON THIS PAGE LOG ON TO WWW.TRIBUNE242.COM UNIONTOWN, Pa. POLICEin western Pennsylvania say a man who was arrested on a simple assault charge is wanted by officials in the Bahamas for homicide, according to Associated Press. State police said 30year-old Jason Reuben Marshall, of New Provi dence, was charged with simple assault after an October 2 confrontation with another man in Fayette County. Police at the time said they put in a request to see if there were any warrants against Marshall and were later told he was wanted in the Bahamas. Fayette police did not have any details of the warrant, but said it involved a 2005 homicide. He is reportedly wanted in connection with the murder of Fabian Joffer. Marshall was being held in the Fayette Coun-ty Prison on a $50,000 bond and a detainer by US customs officials. Employees keep jobs despite devastating fire THEBAHAMAS VERYOWNSTREETPHILOSOPHER MAN WANTED FOR HOMICIDE IN THE BAHAMAS ARRESTED IN US H UGEBLAZE: T hefire destroyed the administrative buildi ng and four company vehicles. Share your news T he Tribune wants to hear f rom people who are making news in their neighbourhoods. Perhaps you are raising funds for ag ood cause, campaigning for improvements in the area or have won an award. If so, call us on 322-1986 and share your story. Business as usual at DAPL Farms and Garden Centre


By LARRYSMITH T HE Norwegian Nobel Committee recently awarded t he Nobel Peace Prize for 2010 to a 54-year-old Chinese literary critic and dissident named Liu Xiaobo for his "long and non-violents truggle for fundamental human rights in China." In 2008, Liu was detained by the Chinese government because he helped to write the pro-democracy manifesto, Charter 08, which was signed by 303 Chinese academics, lawyers and retiredC ommunist Party officials. H e was formally arrested in 2009 for "subversion of state power" and sentenced to 11 y ears in prison. S ince his participation in the Tiananmen Square prod emocracy protests of 1989 Liu has been imprisoned four times. And when not in prison, he has been the subject of continual government monitoring and harass-m ent. Beijing's Public Security Bureau accused him of "spreading rumours and slander" to subvert the government, and cited Charter 08 as evidence against him. The Charter called for freedom of speech and assembly, protection ofh uman rights, equality under the law, multi-party elec t ions, separation of powers and an independent judiciary within a federated republic. "The democratization of Chinese politics can be put off no longer," the manifesto declared. "We can bring tor eality...a brilliant new chapter to Chinese civilization." At his trial last December Liu had this to say in the face of the outrages perpetrated against him by the government: "I have only exercised the right to free speech, to which I am enti-t led under the constitution. I have done nothing unlawful. T hough charges have been laid against me, I will utter no words of complaint." Liu dedicated his Nobel prize to the hundreds of civilians who were killed by the security forces during the 1989 Tiananmen Square crackdown. But the Chinesea uthorities denounced the award as "blasphemy", labelling Liu a "criminal." And official censors sought to prevent news of the award from circulating within Chin a. T his is the other face of China. And efforts to quash the landmark document known as Charter 08 onlyu nderscore Chinas failure to uphold the very principles that the charter advances. The controversy over the Charter and the Nobel P eace Prize cuts to the heart of the constrained debate w ithin China over political reform. According to Premier Wen Jibao, in a recent interview with CNN, the development of democracy m ust "take into account China's national conditions. We n eed to introduce a system t hat suits China's special fea tures, and we need to introduce a gradual approach." But even that milksop a pproach is too dangerous f or some. It was reported o ver the weekend that a r ecent speech by the premier calling for greater political o penness had been suppressed. According to ano pen letter written by retired p arty officials that is now circulating on the Internet, After 30 years of opening and reform, we have not yet attained freedom of speecha nd freedom of the press to the degree enjoyed by the people of Hong Kong under c olonial rule. Meanwhile, China's econ omy has been growing at an a nnual average rate of 9.6 p er cent for 30 years running the fastest growth rate of any country in history. In his CNN interview Premier Wen described this as "a miracle", but he also notedt hat China was still a developing country with 800 million peasants and tens of millions living in poverty. T he breathtaking growth of China's economy has led many to assume that it will rise to be the pre-eminent world superpower within a couple of decades. But a 2009 book ( The Next 100 Y ears ) by American geopo litical expert George Friedman disputes this prediction. Friedman argues that the probability of China continuing to grow at the current high rate is diminishing, and this will produce substantial social and political problems. "I don't share the view that China is going to be a major world power," he says. "I don't even believe it will hold together as a unified country." Most Chinese live within a thousand miles of the coast, and most industries are within a hundred miles of the coast. Historically, China has periodically closed itself off and avoid ed contact with foreigners. When the Europeans forced their way into China during the 19th century there was a dramatic increase in wealth in the coastal areas that were engaged in trade, compared to the poor interior regions. This disparity led to political instability. W hen the communists took power in 1949 they returned China to its pre-E uropean enclosure, united by a strong government, but isolated and poor. After Mao's death in 1976 the government gambled that it could open China to international trade, and avoidb eing torn apart by internal conflict. The coastal regions again became prosperous and closely tied to outside powe rs, but the interior r emained poor and tensions i ncreased. The Communist Party has walked a delicate balancing act for the past 30y ears trying to manage these forces. The question is how long this balance can be maintained. U nderlying this is a more serious problem. Although China appears to be a capit alist country, investment is allocated by political and personal relationships rathert han markets. As a result, n on-performing loans are estimated at a quarter to a third of China's total GDP a staggering amount. These bad debts are cur rently being managed t hrough high growth rates driven by low-cost exports, which produces a lot of cashf low but little profit. "China is a state in which equity holders demanding profits are less important than bankers and government officials who demand cash," Friedman says. "Andi f and when (growth off...the entire structure could crumble...There ares tructural limits to growth, and China is reaching them." Loyalty in China is either bought or coerced, he says. And the central government in Beijing will be caught between the prosperous coast and the poverty-stricken interior. It will either weaken and lose control or clamp down so hard that it moves back to a Maoist enclosure of the country. According to this view, China has three possible futures. It is unlikely to do what no other country has ever done and continue to grow indefinitely the huge imbalances and inefficien cies in the economy will have to be corrected at some point. A second path is the recentralisation of China, where the conflicting interests are controlled by a strong central government t hat imposes order. But the more likely possibility for Friedman is that China willf ragment along traditional lines under the stress of an economic downturn. "(This tral government more assertive and more nationalist. But the central gov e rnment will itself be weakened by the corrosive effect of money. China will remain formally united, but power will devolve to the regions. A very real future for China i n 2020 is its old nightmare a country divided among competing regional leaders, foreign powers takinga dvantage of the situa tion...and a central government trying to hold it all together but failing." T his is why Premier Wen told CNN that although popular demands for democracy a nd freedom are irresistible, "we need to introduce a sys tem that suits China's spec ial features, and we need to i ntroduce a gradual is true that we do have this risk of a slow d own in the Chinese econo my." Beijing is moving toward a n unprecedented leadership transition in 2012, when sev en of the top nine members o f the Communist Party will be replaced along with hundreds of lower level officials. The big question is, what kind of changes will this transition produce? Human rights, social jus t ice and the rule of law are indispensable for economic efficiency and wealth cre-a tion. And experts say that Charter 08's call for constructive engagement to manage a move toward constitutional democracy has been ignored by the Chinese leadership because it lacks the confidence to deal with the issues raised, either by negotiating or by launching all-out war against the prodemocracy movement. For the time being, heroes like Liu Xiaobo are treated as criminals, while the real culprits are in control of the state. In this sense, China remains a paradox. What do you think? Send comments to Or visit C M Y K C M Y K PAGE 6, WEDNESDAY, OCTOBER 20TH, 2010 THE TRIBUNE TO DISCUSS STORIES ON THIS PAGE LOG ON TO WWW.TRIBUNE242.COM Reaction to Nobel Peace Prize shows the other face of China A PICTURE of Chinese dissident Liu Xiaobo is carried by a protester during a rally demanding his release outside China's Liaison Office inH ong Kong recently. (AP


of a government and must stop, Mr Christie said. Claiming that Prime Minister Hubert Ingraham had threatened to dismantle the BCB during the run up to the 1992 and 1997 general elections, Mr Christie said that it a ppears as if the PM has finally made good on his threats. I, as I am sure many Bahamians did, watched in horror as a large majority of those terminated who had giv en so much of their lives to the nation through the corporation were treated like common thugs and criminals. Even though they acted professionally and non-violently, they were being escorted to their desks to collect their belongings and then escortedby the police out of the gate, creating the specter of criminality. This undermines the essence of human existence dignity. These people gave the most productive years of their lives to the corporation, working day and night, rain or shine to literally link this chain of islands together into one family through effective communication. This exercise isnot broadcasting reform; this is a callous and heartless gutting of a public corporation with no readily available tran sition plan in place. The PLP also stressed that notwithstanding what the Prime Minister has suggested about the comparability of the severance packages of the ZNS workers and what they were entitled to, a government m ust always be seen to be fair and even-handed in all of its dealings. Mr Christie continued: To add insult to injury, the Prime Minister had the unmitigated gall to suggest that the workers of ZNS were ungrateful as they stood up for their rights and demanded parity. Further, the politically convenient excuse given by the government that it is fiscally challenged is wearing thin and is duplicitous at best. T he government can find moneys to support special interests in the form of generous subsidies for a container port (some $26 million purchase of private buildings and docks, and $10 million per mile for a highway to accommodate foreign special interests, an amount that is excessive by international standards. The PLP questions whether this downsizing exercise is part and parcel of some s ecret agreement the government has entered into with the International Monetary Fund to reduce the size of both the public service and public corporations. If this is so, the government is duty bound to come clean and advise the Bahamian people, Mr Christie said. Mr Ingraham has called this assertion an outrageous lie. By DENISE MAYCOCK Tribune Freeport Reporter FREEPORT Although 11 of the 14 persons at ZNS Freeport were disengaged, there was still some uneasiness among the staff on Tuesday as they await the decision concerning the fate of the remaining three staff members. It is still so nerve racking because it could be anyone of us, you just dont know, an employee said Tuesday after a very emotional day on Monday following the release of so many colleagues in Freeport. The 11 persons released were Christine Pinder, Erris Pratt,I van Saunders, Nguyen Stuart, Denzel Swain, Liz Grant, Louise Minnis, Donna Hall, and Bridgett Farrington, DArvil Rahming, and Lionel Hall. The staff of 48 will be reduced to 34 in Freeport. Most of the veteran employees, some nearing retirement, were disengaged. Brando Stuart, area vice president for the BCPOU, ZNS Freeport, said persons have given long and dedicated service to the Broadcasting Corporation. We are collectively not happy as you can tell from media reports because there are somep ersons who are dedicated and who would not leave. We are just not pleased at all with those packages, he said. Denzil Inch Swain, deputy director of television, did not agree with the decision made by the Board and felt he had more to contribute. wanted to continue to build on what I was a part of starting here and I feel as if I did not have a great opportunity to serve in leadership at the highest level, he said in a local newspaper. I do not think they should have let me go. Darren Meadows, B CPOUM, feels that the separation package offered by the government to ZNS pales in comparison to similar exercises carried out at other government departments. Community activist Troy Garvey said the package offered by the government is a slap in the face. Those people have worked so hard and were looking forward to retirement benefit. If (the government reserve money in the treasury, then, they need to reduce the cabinet. Take some of them ministerial posts away, find othera venues, tax the banking system where millions of dollars went out of this country last year untaxed by the Bahamas; dont put people on the streets, this is not the time to put people out on the street, Mr Garvey said. M ichael Moss, chairman of BCB, has stated that the process went smoothly in Freeport. He said on Wednesday they will return to address the situation of the three employees. C M Y K C M Y K LOCAL NEWS T HE TRIBUNE WEDNESDAY, OCTOBER 20TH, 2010, PAGE 7 TO DISCUSS STORIES ON THIS PAGE LOG ON TO WWW.TRIBUNE242.COM Remaining ZNS Freeport staff uneasy over fate FROM page one Christie hits out at government handling of ZNS downsizing


sent in court an opportunity to say something during the sentencing procedure. Six cases remain pending in the US, with five of the women still behind bars at the Metropolitan Correctional Centre, a remand centre in downtown Manhattan, and another out on bail. It is unclear whether the company representatives claimi ng damages will pursue the matter for the remaining women. Today is day 31 since five young female Bahamian Nassau Market vendors were jailed in the United States of America, unable to meet the bail con ditions which are unnecessarilyh arsh and onerous and dispro portionate to the alleged offence for allegedly buying counterfeit bags. Anyone who knows New York city knows that this a common occurrence, said Mr Mitchell. In a letter to The New York Times, he claimed the women w ere being kept in jail to pres sure them to agree to guilty pleas as they get more desper ate to go home. As convicted felons, the vendors will be denied entry into the US an irreversible embargo on vendors who rely on travel to the US to make a living, he said. Family members are said to be in the dark about the fate of the remaining women. The nine women were originally charged together of conspira cy to defraud the US govern ment. However, some of the w omen were able to negotiate a time served disposition for lesser charges. Sources claim the prosecu tion is seeking different treatment for the four women who participated in two trips to the United States, allegedly to buy counterfeit goods. In the criminal complaint filed in the US District Court, a Special Agent of the US Department of Homeland Security, Immigration and Cus toms and Enforcement described how four of the nine straw vendors Roshanda Rolle, Gayle Rolle, Marva Fer guson and Marvette Ferguson came to New York City in May, met with wholesale retailers in the city in various locations and handed over wads of cash in return for bulky black garbage bags full of items that they took back to their hotel. The women were eventually followed by a surveillance team to the JFK airport, and agents inspected the contents of their luggage after it had been checked in. The women were not arrested at that time, as the investigators continued to build their case. Arrests were eventually made during their September trip, when the original four women were accompanied by five additional straw vendors. lem for Bahamian fisherman for years. There are sometimes e ncounters with Cuban boats, as well as boats from as far south as Honduras. Tribune sources say poachers are fishing not to service their local markets, but large international markets in South Florida and the European Union. This is what worries Bahamian fishermen. They have many theories as to why the problem is so persistent. The boats are sometimes funded by big American corporations who have unlimited funds to get out here and work, claimed a fishe rman. The Dominicans work for cheap labour and they work very hard. I have seen them work the ones that the Bahamians hire they are fearless and they dont have any time limit, he said. Industry experts suggest the challenges have more to do with international maritime law and the protection of marine borders. Kimberley Lam, trainee administrative cadet at the Ministry of Foreign Affairs, said she was not aware of any talks between the Bahamas government and the Dominican Republic regarding m aritime borders. She said the government is currently engaged in talks with Cuba, and wouldnt handle discussions simultaneous. At this time we are going to finish that process before speaking to the other countries that border us, said Ms Lam. It would require that issue to be finalised because that will play into any agreements or negotiations or determinations on any fishing matters, she said. Maritime boundaries are governed by the Convention of the Law o f the Sea. The convention requires United Nations member countries to negotiate amongst themselves to delimit common boundaries. In the Dominican Republic press, one commentator called the waters around the Dominican Republic the new desert. The Dominican Republic is totally fished out. Zero conservation except for the Punta Cana area. During the Veda, off season for lobster, the supermarkets and restaurants are selling tiny and out of season lobster and the state does nothing about it, stated an online reader identified as easyrider. Another commentator questioned the integrity of Bahamian officials, claiming Bahamian authorities hijack Dominican fishing boats, impose heavy fines, jail and sometimes even burn the ships to the ground. Prime Minister Hubert Ingraham meets with the propertys financial backers in China later this week. On Monday, Mr Ingraham said that he will not be changing his much publicized and stern position on the impracticality of the current Baha Mar proposal that calls for some 8,100 C hinese workers to build the hotels when he visits with representatives of the Peoples Republic of China. We told the China state construction company from the first time we saw them more than a year ago that it was not possible 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 seriously, 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 said. Speaking on the subject yesterday, Opposition leader Perry Christie said that the PLP still feels that the Prime Minister has mishandled the Baha Mar deal from day one and that such pronouncements by the nations leader do not seek to protect the best interest of the Bahamas. This Prime Minister has had years, he put into Parliament a supplementary agreement in 2008. He has had years to develop a policy anda plan for Baha Mar. When he moved the resolution in Parliament he had no such views that he is articulating now. He was coming to Parliament by his own admission to seek the position of the PLP. And so we argued thati nstead of going to South Africa, even before then, what he is trying to do now, he and his g overnment ought to have done then between 2008 and today; go to the Chinese! As soon as he knew there was Chinese financing, using the China Import Export Bank, there was a duty of the government of the Bahamas to go to China and begin discussions with the Chinese government to protect thei nterest of Bahamian workers and the interest of the Bahamas, Mr Christie said. C M Y K C M Y K LOCAL NEWS PAGE 8, WEDNESDAY, OCTOBER 20TH, 2010 THE TRIBUNE TO DISCUSS STORIES ON THIS PAGE LOG ON TO WWW.TRIBUNE242.COM ments against an injunction sought by Amir relative to arbitration proceedings. Amir had sought an injunc tion restraining proceedings in a foreign arbitration. Mr Anthony Julius, a solicitor had been appointed as an arbitrator of the brothers' long standing dispute. Mr Julius, a high profile London lawyer, was the late Princess Dianas divorce attorney. Mr Nicholas Lavender, QC, who represents Rami Weisfisch, is expected to continue his arguments when the hearing resumes on a date to be fixed. Amir Weissfisch is represented by Mr Alan Steinfeld, QC. The brothers have another case in the Supreme Court which is expected to start on November 1. That case is to determine whether or not to approve a report by accountant Daniel Ferguson who had been appointed by Senior Justice John Lyons to provide a report in a money dispute case between brothers Rami and Amir. Justice Lyons resigned after it was revealed in a rul ing by Senior Justice Anita Allen that Justice Lyons had been dating Fergusons sister. F ROM page one PLP on Baha Mar B AHAMARPOSITION: P LP leader Perry Christie speaks yesterday. T im Clarke / Tribune staff FROM page one FEUDING ISRAELI BR OTHERS APPEAL HEARING GETS UNDERWAY Call for crackdown on poaching profits FROM page one FROM page one Fashion firms seek vendor damages


By ALISON LOWE Business Reporter After a bumper start to 2010, Marios Bowling and Family Entertainment Palace saw business slip from steady to a colossal loss in September, its owner pointing to a 30-40 per cent business volume decline while expressing confidence that the firm has not scratched the surface of its potential market. A steep decline in cus tomer volume in recent months has encouraged former MP and Cabinet Minister, Leslie Miller, to focus more heavily on marketing what the 50-lane bowling alley has to offer, both in termsof its physical plant which includes 70,000-80,000 square feet of space available for use for bowling as well as nonsports related events, plus a games area, restaurant and nightclub. Then there are social, health and educational benefits that bowling can lend itself to. Mr Miller said he put the downturn in September and beyond to the return of students the majority of the $14 million centres clientele to school, and the continually poors hape of the economy, but added that he was hoping for a super December for the business. From our vantage pointI think everyone who would havev isited Marios would have come back. The response we w ouldve gotten to the facility has been second to none, but I dont believe that 5 per cent of New Providence has been in Marios, so we have a lot of marketing work to do, said Mr Miller, who currently employs8 0 full-time staff at the property. H e suggested that the cost of this marketing effort, through which he hopes to reach out to schools, church groups, tourists, retired people and more, is challenging given that he suffers from a constant headachet rying to generate what weve got to generate to break even. A nd a $30,000 BEC bill each month does not help, he said. To aid its goal of reaching C M Y K C M Y K SECTIONB WEDNESDAY, OCTOBER 20, 2010 THETRIBUNE $4. 68 $4. 51 $4. 69The information contained is from a third party and The Tribune can not be held responsible for errors and/or omission f rom the daily report.$ $4.19 $4.20 $4.26 InternationalInvestmentFund [Learn more at] BAHAMASNassau:242.356.9801 Freeport:242.351.3010BARBADOSSt.Michael:246.435.1955 By NEIL HARTNELL T ribune Business Editor The failure by the $857 mil lion South Ocean projects financing partner to repay a more than $70 million mortgage, and subsequent foreclosure proceedings initiated by the lender, have been blamed for preventing the development moving forward, its former gen eral partner describing attempts to pin it on him as baseless. In the latest episode in the long-running legal battle between Plainfield Asset Management, and Roger Stein and his RHS Ventures invest ment vehicle, who were removed as general partner for the 375-acre southwestern New Providence property when the hedge fund prevailed at the New York arbitration hearing, the latter described claims it was holding up the resorts redevelopment through ongoing legal manoeverings as hav ing no truth. Instead, Mr Stein attempted to pin all the blame on Plain field, alleging that its failure to repay the over-$70 million mortgage held on South Ocean by third party lender, the Canadian Commercial Workers Industry Pension Plan (CCWIPP to start foreclosure proceedings in the Bahamian Supreme Court, was responsible for the resort projects current plight. That, though, was denied by Plainfield, which said last night in a statement sent to Tribune Business that it was Mr Steins repeated attempts to prevent the New York State Supreme Court from ratifying the arbi tration award via th hour delaying tactics which were holding up progress in the Bahamas, including the cre $70 million mortgage default blamed for South Ocean woes Former general partner alleges attempts by hedge fund financier to pin 375-acre New Providence property s woes on him are baseless* Claims Bahamian court foreclosure proceedings main impediment to progress, but hedge fund counters by alleging no progress possible until former partner ends frivolous legal actions* Stein attacked for desperately trying to re-litigate selected issues in a case that ended long ago ROGER STEIN SEE page 5B LESLIEMILLER B y NEIL HARTNELL Tribune Business Editor The Bahamas focus on tourism has provided an eco nomic model for the rest of the Caribbean to emulate, an Inter national Monetary Fund (IMFf inding that other nations in the region could increase econom ic growth by 4 per cent through attracting this countrys level of visitor arrivals. And this was despite Bahamian worker productivity and output declining by 20 per cent over the last to decades. Bahamas visitor arrivals to add 4% to regions growth IMF credits Bahamas focus o n tourism as model for rest of Caribbean But warns on impact of Cuba opening, with Bahamas having second highest share of region s US visitors at 11%, and price inflexibility that saw it suffer more than others Bahamian worker productivity slips 30% over two decades, fuelling concerns SEE page 3B TENNYSON WELLS By NEIL HARTNELL Tribune Business Editor T he parent company for the Bahamian Wendys franchise is considering entering the capital markets via a private preference share issue, possibly for $2 million initially, as part of a strategy to obtain the best possible terms and costs for its financing, Tribune Business was told yesterday. Chris Tsavoussis, co-proprietor of Aetos Holdings with his brother Terry, emphasised to this newspaper that any potential issue was not intended to fund Wendys recent growth, which includes Fridays opening of its new Cable Beach store and i mpending outlet in the new US Departures Terminal at Lyn den Pindling International Airport (LPIA ture the fast food franchises existing financing at the lowest price (interest rate Were always looking at better ways to take out existing debt, come up with better alternatives and more cost-effective financing, Mr Tsavoussis told Tribune Business. We do that with commercial lenders as we see fit, and its not that we have massive expansion plans in place. Wendys owner eyes preference share placing Considering small private issue, possibly $2m, to refinance existing debt on better terms Tougher 2010 for fast food chain compared to prior year, but holdingu p extremely well SEE page 2B Strike back at 3040% business fall n Former MP says bowling facility has not even scratched 5% of New Providence market n Grappling with $30k per month BEC bill in fight for profits SEE page 5B B y ALISON LOWE B usiness Reporter A n ex-Cabinet minister has blasted the FNM and PLP gove rnments for lacking the leadership to consider offering ownership of the Bahamas Telecommunications Company(BTC to the Bahamian people, rather than selling it to a foreign company. Businessman and developer, Tennyson Wells, also ques tioned why the Government would now be considering selling BTC to Cable & Wireless, telling a local business confer ence: When I used to sit around the table (at Cabinet the Government wanted noth ing to do with them because of issues related to the reliabilityof their service in other Caribbean markets at the time. The Prime Minister recently confirmed that the BTC Pri vatisation Committeehas been negotiating with Cable & Wireless a late entrant into the p rocess over selling a majority stake in the state-owned incumbent to it, with recomEx-minister blasts BTC privatisation Calls for telecoms operator to be soldto Bahamians SEE page 3B By ALISON LOWE Business Reporter The head of the union representing 300 City Markets workers is seeking to meet with the cvompanys chief executive to determine if staff could be impacted by the firms wellpublicised financial woes. Elgin Douglas, president of the Bahamas Commercial Stores and Warehouse Workers Union, said that so far no indication has been given to the union that employees at any of the 11 City Market stores will feel the impact of the problems afflicting the supermarket chain. The staff are working, thats all I can tell you. We would have to be the first to know if anything came up, but no one is saying anything to me, Mr Douglas said. I had a meeting this morn ing with management on other matters concerning the bargaining unit, and I was told that things may be a bit down but theyll get back to where they once were again. I am trying to get a meeting with (Derek) Winford (City Markets chief executive) next week to see what is what. I would rather not say anything else until I hear from him. The union president said his last meeting with Mr Winford was two to three months ago. In September, City Markets posted, according to manage ment accounts, a $7.431 million net loss for the year to June 30, 2010, a 22.4 per cent increase over the previous year's $6.069 million. The fourth quarter loss totaled $873,000 and Mr Winford described the question of when City Markets whose turnaround prospects were severely dampened by the loss of refrigeration units in seven of its eight Nassau stores as the golden question in early September. Union head seeking City Markets meeting


C M Y K C M Y K BUSINESS PAGE 2B, WEDNESDAY, OCTOBER 20, 2010 THE TRIBUNE TO DISCUSS STORIES ON THIS PAGE LOG ON TO WWW.TRIBUNE242.COM T he Governments proposed land reforms and Exumas current economic state will be key topics at next Wednesdays fifth annualE xuma Business Outlook Conference, s cheduled to be held at the Sandals Emerald Bay resort. Sharlyn Smith, attorney-at-law, will be speaking on legislation recently tabled in P arliament relating to land ownership and c onveyancing. M rs Smith will discuss the intended process as set out in the Bills, highlighting areas that may be of particular concern top ersons in the Family Islands. In particular, I will address the Land A djudication Bill 2010 and the Registered Land Bill 2010, Mrs Smith explained. Framework The Land Adjudication Bill 2010 is i ntended to provide a legal framework to enable families who have been in possession for twelve years or more of a parcel of land of not more than one acre to claim ownership of this land. The Registered Land Bill 2010 is intended to simplify the law of conveyancing. Mrs Smith was called to the Bahamas Bar in 1998, after which she worked as an associate at the law firm McKinney, Bancroft and Hughes, where she specialised in comm ercial and real estate law. In September 2005, she joined the law firm of Sharon Wilson and Co. Floyd Armbrister, the Exuma Chamber of Commerces president, will address a numb er of issues pertaining to the islands econ o my. As it stands now, Exumas economy is in a slow and stop state, said the Chamber president. Exuma has had its set backs with a dwindling population but we have a lot of plans to cope with the situation. M r Armbrister is a founding member of t he Exuma Chamber of Commerce. He is p resident of Appraisal Studio Ltd, president and chief executive of Sea to Sea Real Estate Ltd, and chairman/director ofT riquen Multi Services. Mr Armbrister is a local government councilman for the West Township com mittee, and a former bank manager who has worked in the financial services and reale state industry for more than 29 years. O ther speakers slated to address this years Exuma Outlook include: Zhivargo Laing, minister of state for finance, keynote speaker David Johnson, director-general of tourism I Chester Cooper, president and chief executive, BAF Financial and Insurance (Bahamas Algernon Cargill, director, National I nsurance Board John Keating, general manager, Sandals Emerald Bay Kathleen Sullivan-Sealey, Ph.D. envi r onmentalist Stacia Williams, chief executive, Total Image Management and Communications Company Exuma Congress Panellists Land reform focus at Exuma seminar T OPTABLE: P ictured from left to right: Floyd Armbrister, president, Exuma Chamber of Commerce; Joan Albury, president TCL Group; Sharlyn Smith, attorney-at-law. FSB PANEL JUDGES AWARD NOMINEES BLUERIBBONPANEL: The Bahamas Financial Services Board (BFSB the Blue Ribbon Panel appoint-ed for this year's Industry Excellence Awards has met to consider the nominations submitted. Standing, from left to right, are Pauline Creary-Lightbourne, general manager of CBH (Bahamas managing director, Credit Agricole Suisse (Bahamas Steve Cotterill, editor of The Bahamas Investor. The 2010 recipients for the Executive of the Year Professional of the Year Achiever of the Year and Student of the Year will be announced at the upcoming Gala Awards Dinner on October 22 in the Independence Ballroom of the Sheraton Nassau Beach Resort. Also to be recognised at the Dinner is the Recipient of BFSB's 2010 Development & Promotion Award. E xuma has had its set backs with a dwindling population but w e have a lot of plans to cope with the situation. F loyd Armbrister Its more ways to take out some of the existing debt and find less expensive funding. Pointing out that it was a much changed market/environment for business debt financing than five to seven years ago, Mr Tsavoussis said Wendys plans would be dictated by the options available to it. Confirming that the company was exploring the possibility ofa private placement preference share issue, which would not be public (meaning Bahamians should not apply for the shares), Mr Tsavoussis said: Whenever we start it, we may do $2 million and go from t here. He added that Wendys had successfully completed its more than five-year attempt to set upan outlet at Cable Beach, having abandoned plans for an initial site it acquired in the area, given opposition from some local residents. Instead, the chain has moved into the Cable Beach Shopping Centre site occupied previously by Pizza Hut, following some remodelling and enlarging. Weve tried to open in Cable Beach for five years now, Mr Tsavoussis told Tri bune Business. Weve always felt there was a good market, underserved, and someone needed to be there in a relevant way. Weve attempted to do that. We think it should do well, and by all indications so far its doing well. With the initial numbers that it has seen, it has been received very well. Mr Tsavoussis said Wendys was always looking for potential sites for expansion, some of which might not currently be available, and added that the fast food franchise, which now employs 550 staff, had held up extremely well during the recession. Based on what Ive heard from competitors, and what theyve had to deal with, we generally cant complain, he added. Its been a tougher year than the prior year, but we continue to do quite well, staying close to the consumers and being very mindful of costs and pricing. As for Aetos Holdings other Bahamas-based franchise, Mar cos Pizza, Mr Tsavoussis said the company was awaiting the opening of its third New Providence store, set for the Southwest Plaza at the junction of Blue Hill and Carmichael Roads, which is currently under construction. The stores opening is set for some time in 2011. Mr Tsavoussis said Marcos performance since they had brought the chain to the Bahamas had met their expec tations and, in some cases, exceeded them. Wendys owner eyes preference share placing FROM page 1B


mendations being made for the G overnment to consider. Earlier this month, he said the Government was now set to review that recommendation. It is our hope that we can conclude this process and pri vatize BTC, he added. That recommendation is thought to concern whether the Govern-m ent should enter a prelimi nary sales agreement for BTC with Cable & Wireless. Tribune Business sources have suggested that the Gov ernment wants to complete the process by year-end and is seek ing around $200 million for an estimated 51 per cent BTC s take. The main issues from the Governments point of view are ensuring that a privatised BTC is run as a subsidiary of Cable & Wirelesss regional operation, with decision-making power here, rather than as a regional outpost, while plus the form any staff downsizing will take. T he latter issue could also influence Cable & Wirelesss busi ness plan and the price it is prepared to pay. Speaking at the 2010 Visionary Business Leaders Entre preneurs Awards Conference on Monday, Mr Wells criticised the BTC privitisation process, saying it is a fact that if the Government has not already spent $200 million in consultancy and legal fees, and severance pay to employees in the 1990s in trying to sell BTC over the last 14 years, its very close. Mr Wells said he had always been opposed to selling BTC to a foreign company, and felt that it could have been sold in stages over a period of years to Bahamians. I said 15 years ago, iff we go to the market every year, to the Bahamian public, and ask for $30 million, you can sell 5 per cent this year, 10 per cent the next year, until we get to a stage where its 100 per cent Bahamian ownership, he said. There are Bahamians in this country who could buy BTC. Make it public, let everyone put up $1,000. He said the question of the levels of service that could be provided by a BTC owned by the Bahamian public would not be an issue as this aspect of its operation could be con tracted out. Both of the governments, PLP and FNM, because they have both been trying to sell it to foreigners, lack the business acumen and the vision for the Bahamian public to be provided the opportunity for the Bahamian public to buy these things, said Mr Wells. C M Y K C M Y K BUSINESS T HE TRIBUNE WEDNESDAY, OCTOBER 20, 2010, PAGE 3B TO DISCUSS STORIES ON THIS PAGE LOG ON TO WWW.TRIBUNE242.COM 5 2wk-Hi52wk-LowSecurit y P revious CloseToday's CloseChangeDaily Vol.EPS $Div $P/EYield 1 .261.00AML Foods Limited1. 10.759.67Bahamas Property Fund10.6310.630.000.0130.200817.71.88% 6.184.50Bank of Bahamas4.904.900.000.5980.2608.25.31% 0.580.18Benchmark0.180.180.00-0.8770.000N/M0.00% 3.493.15Bahamas Waste3. 2 .152.14Fidelity Bank2. 1 2.509.62Cable Bahamas10.0010.000.001.2270.3108.13.10% 2.842.50Colina Holdings2.502.500.000.7810.0403.21.60% 7.005.40Commonwealth Bank (S1)6.596.590.000.4220.23015.63.49% 3.651.63Consolidated Water BDRs1.981.96-0.020.1110.05217.72.65% 2.551.60Doctor's Hospital1.771.770.000.1990.1108.96.21%6 .995.94Famguard6.076.070.00-0.0030.240N/M3.95% 1 0.208.50Finco8.508.500.000.2870.52029.66.12% 11.408.77FirstCaribbean Bank9.749.740.000.6450.35015.13.59% 5.513.75Focol (S)5.465.460.000.3660.17014.93.11% 1.001.00Focol Class B Preference1. 5.595.00ICD Utilities5.595.590.000.0120.240465.84.29% 1 0.509.92J. S. Johnson9.929.920.000.9710.64010.26.45% 1 0.0010.00Premier Real Estate10.0010.000.000.9910.80010.18.00% 5 2wk-Hi52wk-LowSecuritySymbolLast SaleChangeDaily Vol. 9 9.4699.46Bahamas Note 6.95 (2029BAH2999.460.00 100.00100.00Fidelity Bank Note 17 (Series A) +FBB17100.000.00 100.00100.00Fidelity Bank Note 22 (Series B) +FBB22100.000.00 100.00100.00Fidelity Bank Note 13 (Series C) +FBB13100.000.00 100.00100.00Fidelity Bank Note 15 (Series D) +FBB15100.000.00 52wk-Hi 52wk-Low Symbol Bid$ Ask$ LastPrice DailyVol EPS$ Div$ P/E Yield BISX LISTED & TRADED SECURITIES AS OF:7% Interest 7 %RoyalFidelity Merchant Bank & Trust Ltd. (Over-The-Counter Securities)29 May 2015 W W W.BISXBAHAMAS.COM | TELEPHONE:242-323-2330 | FACSIMILE: 242-323-23201 9 October 2022 Prime + 1.75% P rime + 1.75% 6.95%20 November 2029TUESDAY, 19 OCTOBER 2010BISX ALL SHARE INDEX: CLOSE 1,507.70 | CHG -0.02 | %CHG 0.00 | YTD -57.68 | YTD % -3.68BISX LISTED DEBT SECURITIES (Bonds trade on a Percentage Pricing basis)Maturity 19 October 2017FINDEX: CLOSE 000.00 | YTD 00.00% | 2009 -12.31%3 0 May 2013 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%L ast 12 Months %NAV 3MTH 1.50561.4076CFAL Bond Fund1.50564.65%6.96%1.482477 2.92652.8300CFAL MSI Preferred Fund2.91871.10%3.13%2.919946 1.55791.4920CFAL Money Market Fund1.55793.37%4.42%1.539989 3.20252.8522Royal Fidelity Bahamas G & I Fund2.8624-8.16%-7.49% 13.638813.0484Royal Fidelity Prime Income Fund13.56421.47%2.95% 114.3684101.6693CFAL Global Bond Fund114.36849.98%12.49%109.392860 106.552899.4177CFAL Global Equity Fund106.55284.75%7.18%100.779540 1.13181.0000FG Financial Preferred Income Fund1.13183.85%5.22% 1.09691.0000FG Financial Growth Fund1.09692.71%6.44% 1.13201.0000FG Financial Diversified Fund1.13203.79%5.71% 9.69389.1005Royal Fidelity Bah Int'l Investment Fund Principal Protected TIGRS, Series 19.69383.77%5.71% 11.236110.0000Royal Fidelity Bah Int'l Investment Fund Principal Protected TIGRS, Series 210.5308-2.23%4.10% 10.00009.1708Royal Fidelity Bah Int'l Investment Fund Principal Protected TIGRS, Series 39.4372-5.63%-5.63% 7.96644.8105Royal Fidelity Int'l Fund Equities Sub Fund7.88302.15%6.29% BISX ALL SHARE INDEX 19 Dec 02 = 1,000.00YIELD last 12 month dividends divided by closing price 52wk-Hi Highest closing price in last 52 weeksBid $ Buying price of Colina and Fidelity 52wk-Low Lowest closing price in last 52 weeksAsk $ Selling price of Colina and fidelity Previous Close Previous day's weighted price for daily volumeLast Price Last traded over-the-counter price Today's Close Current day's weighted price for daily volumeWeekly Vol. Trading volume of the prior week Change Change in closing price from day to dayEPS $ A company's reported earnings per share for the last 12 mths Daily Vol. Number of total shares traded todayNAV Net Asset Value DIV $ Dividends per share paid in the last 12 monthsN/MNot Meaningful P/E Closing price divided by the last 12 month earningsFINDEX The Fidelity Bahamas Stock Index. January 1, 1994 = 100 (S) 4-for-1 Stock Split Effective Date 8/8/2007 (S1) 3-for-1 Stock Split Effective Date 7/11/200731-Aug-10BISX Listed Mutual FundsNAV Date 30-Sep-10 30-Sep-10 30-Sep-10CFAL Securities Ltd. (Over-The-Counter Securities)TO TRADE CALL: CFAL 242-502-7010 | ROYALFIDELITY 242-356-7764 | FG CAPITAL MARKETS 242-396-4000 | COLONIAL 242-502-752530-Sep-10 30-Sep-10 30-Sep-10 30-Sep-10 31-Aug-10MARKET TERMS30-Sep-10 NAV 6MTH 1.460225 2.911577 1.524278 107.570619 105.776543 30-Jun-10 30-Sep-10 30-Sep-10 30-Sep-10 ATLANTIC MEDICAL INSURANCE CO.LTD. Atlantic House,2nd Terrace & Collins Avenue,P.O.Box SS-5915,Nassau Tel.356-5433 A member of Colonial Group International:Insurance,Health,Pensions,Life $300,000 life cover for the price* of a coffee per day!No medical required! CALL 356-5433 or visit applies male age 30 127,&(LVKHUHE\JLYHQWKDW $(6+,$1,&.('$:,/025( RI&DULE5RDG3%R[1DVVDX%DKDPDV LVDSSO\LQJWRWKH0LQLVWHUUHVSRQVLEOHIRU1DWLRQDOLW\DQG &LWL]HQVKLSIRUUHJLVWUDWLRQQDWXUDOL]DWLRQDVFLWL]HQRI 7KH%DKDPDVDQGWKDWDQ\SHUVRQZKRNQRZVDQ\UHDVRQ ZK\UHJLVWUDWLRQQDWXUDOL]DWLRQVKRXOGQRWEHJUDQWHG VKRXOGVHQGZULWWHQDQGVLJQHGVWDWHPHQWRIWKHIDFWV ZLWKLQWZHQW\HLJKWGD\VIURPWKH W KGD\ RI 2FWREHU WRWKH0LQLVWHUUHVSRQVLEOHIRUQDWLRQDOLW\DQG&LWL]HQVKLS 3 By ALISON LOWE Business Reporter With financing a key impediment to implementing energy efficiency improvements, accessing funds for this abnd renewablet echnology upgrades in homes and businesses were discussed at the Caribbean Renewable Energy Forum (CREF Lynn Tabernacki, director of the Renewable Energy and Sustainable Development Finance office at the independent US government agency, the Overseas Private Investment Corporaiton (OPIC energy, and energy efficiency, one of its priority areas. OPIC was now making available millions of dollars in financing t o companies in the Caribbean region and beyond to cover the cost of firms going green, so long as they have a 25 per cent US equity ownership interest. We can provide energy efficiency coordinated loans to any type of business which is in need of retrofit, a new project that wants to implement changes or a new project that it wants to put into construction, said Ms Tabernacki. We would like to finance 100 per cent of the cost associated with energy audits, costs associated with studying and designing the i mprovements necessary, and 100 per cent of the improvements themselves, doing it in the form of a subordinated debt. We expect to be getting repaid from the improvements (in energy efficiency and related cost savings) being made. Ms Tabernacki said OPIC realises that one Caribbean industry where this type of financing may be most attractive is in the hotel sector. She said that in cases where a hotel may be operated by a US company, this type of financing could apply. Were still looking at pilot projects. A hotel would be another g reat test run wed like to try, and to consider ways we get this out into the market. To me it seems like a no-brainer. We finance it and you repay it from the savings you make, she said. Financing for energy efficiency-enhancing measures, despite the savings that can accrue, was identified throughout the Caribbean Renewable Energy Forum as one of the primary obstacles to a rapid shift towards more efficient energy usage in the Bahamas and beyond. Christiaan Gischler, an energy specialist at the Inter-American D evelopment Bank (IDB anism for energy-related enhancements that could come to the Bahamas According to Mr Gischler, the Smart Energy Fund, which the Barbadian government is negotiating with the IDB, will be targeted towards small and medium-sized enterprises (SMEs owners who want to access funding to install renewable energy technology and energy efficient equipment. The overall aim of the fund, intended to speed up the implem entation of green initiatives that might otherwise be postponed or ignored due to the initial capital outlay, is to reduce energy costs, enhance energy independence and increase envi ronmental sustainability in Barbados. The fund will also provide technical assistance to SMEs who pro pose renewable energy or energy efficiency-related projects that might not at first seem viable. Speaking with The Tribune, Mr Gischler said that whether or not such a fund comes to the Bahamas depends on two things whetheri t is successful in Barbados, and whether the Bahamian government pushes for it. If it is successful in Barbados, I am sure it will be replicated. But at the end of the day the Government has to want it. The Government of the Bahamas has to take the decision that this is what we want. We told them about it, but we need the motion so that everything starts running. The government in Barbados said it is a no-brainer, said the IDB-specialist. No brainer models for energy efficiency finance In its economic outlook for the Western Hemisphere, published yesterday, the Washington-based Fund said specialisation in the tourism industry had been advantageous to many Caribbean countries, especially the Bahamas, offsetting disadvantages such as higher transportation costs and diseconomies of scale that result from being a small island state. Pointing out that there was scope for further growth by enhancing the role of the tourism sector, through both the number of arrivals and how much each tourist spends, the IMF said Caribbean regional GDP growth would hit 0.9 per cent if visitor arrivals equalled the 90th percentile of the world level. But it added: Growth jumps by four percentage points if tourist arrivals per capita in all the Caribbean countries (as included in this study) were to match the level of tourist arrivals in the Bahamas. The IMFs data showed that if the region matched the Bahamas in terms of per capita tourist arrivals, economic growth as measured by GDP would rise by 4.6 per cent. Inflation and government spending would both rise by a modest 0.2 per cent, while receipts per tourists could grow by 0.1 per cent. In terms of the average receipts per tourist, there is also some scope for addi tional growth, although this room is modest when the Bahamas is considered as the benchmark. Nonetheless, developing a niche and providing services that will attract high-end tourists could prove beneficial, the IMF said. And, in words of further encouragement for the Bahamas tourism specialisation strategy, the Fund added: Dependency on tourism has not increased the volatility of growth. Using the standard deviation of growth as the dependent variable in our panel regression suggests that tourism not only raises per capita GDP growth, but also helps to reduce its volatility. Yet while the tourism focus had benefited the Bahamian economy and its people, the IMF warned that the main caveat to its findings was the potential opening-up of Cuba to US tourists, a development that would threaten this nations reliance on this core market to provide 85 per cent of all its visitors. The IMF said the Bahamas enjoyed the Caribbeans second highest share of US arrivals between 2004-2007, attracting around 11 per cent of all Americans to visit the region, second only to Cancuns 17-18 per cent. And there were also warnings about the lack of flexibility resulting from the Bahamas being a relatively high-priced destination, which meant that high room rates could not be as easily adjusted downwards to cope with the recession and consumer demands for deals as in other Caribbean nations. The recovery of tourism has been uneven, the IMF said. Smaller islands in the region have experienced a sharper and more prolonged decline in tourist arrivals than some of the larger islands. A closer look at the data suggests that destinations that significantly reduced hotel prices following the crisis experienced milder declines in arrivals. Though many factors are at play, downward price rigidities could help explain these intraregional differences. For example, hotels in the Dominican Republic and Jamaica lowered prices more than other countries and did not experience a decline in the number of tourist arrivals. In contrast, hotels in the Bahamas and Barbados were more reluctant to reduce prices and their tourist arrivals fell. Another warning sign for the Bahamas came in the area of worker productivity. Measured against the output of a US worker, this showed that this nation had been slipping away for two decades, falling from 96 per cent of an American workers output i n 1990 to 75 per cent in 2000, and the further to 66 per cent in 2007. Worker productivity in Trinidad & Tobago was now higher than in the Bahamas, the IMF suggested, with both Antigua and Barbados now matching this nation. Others, such as Belize, Guyana and St Kitts, were also moving in the right direction. Output per worker in the Bahamas had a lso dropped, falling from 84 per cent of a US output per worker in 1990 to 70 per cent in 2000 and 64 per cent in 2007. Capital per worker in the Bahamas, when compared to capital per US worker, was on the rise, though, growing from 70 per cent in 1990 to 83 per cent in 2000 and 92 per cent in 2007. The IMF said the productivity declines in the Bahamas and elsewhere in the Caribbean were a possible reflection of inadequate infrastructure and absence of complementary skill factors to capital. This lower productivity growth has led to a marked decline in output growth despite investment remaining relatively robust, as suggested by the large contribution of accumulated capital. The Caribbean, the IMF added, contained some of the worlds most highly indebted countries, with five St Kitts & Nevis, Jamaica, Grenada, Barbados and Antigua having debt-to-GDP ratios in excess of 100 per cent. Four more, Dominica, Belize, St Vincent and St Lucia, came in above 70 per cent, with the Bahamas next in line the IMF projecting that this nations government debt-to-GDP will hit 50.1 per cent next year (the end of the current fiscal year). The Fund added that the Bahamas overall fiscal deficit would strike 4.8 per cent of GDP this fiscal year, compared to 5.3 per cent for last year, with the primary deficit at 2.2 per cent as opposed to 2.9 per cent last year. The latter figures come because, for fiscal 2010-2011, the Governments expenditure is expected to be 19.8 per cent of GDP, with revenues at 17.6 per cent of GDP. For 2009-2010, government spending was at 20.4 per cent of GDP, and revenues at 17.5 per cent. Meanwhile, the IMF projected that the Bahamian economy would grow by 0.5 per cent in 2010, and 1.5 per cent in 2011. Inflation was set to remain subdued at 1.7 per cent this year, lowering to 1.2 per cent in 2011. Although the Caribbean countries per capita GDP increased significantly in the 1970s, in the last 20 years they have lost ground to their small island peer countries and the fast-growing emerging and developing countries, the IMF said. Urging that rising government debt levels be addressed, the IMF added: The future of the Caribbean lies in its efforts to improve productivity and competitiveness in the tourism industry and the willingness of governments to reduce the high levels of debt that would create the necessary fiscal space to address future shocks to their economies. F ROM page 1B Visitor arrivals Former minister blasts BTC privatisation FROM page 1B


C M Y K C M Y K BUSINESS PAGE 4B, WEDNESDAY, OCTOBER 20, 2010 THE TRIBUNE TO DISCUSS STORIES ON THIS PAGE LOG ON TO WWW.TRIBUNE242.COM &rf rf"# #"%%$%&"'&rf)) #(& #"%%# "&r) #*&& DAVID K. RANDALL, AP Business Writer NEW YORK A stronger dollar and a surprise interest rate hike in China that may slow that country's economy helped push stocks sharply lower Tuesday. The Dow Jones industrial average fell below 11,000 for the first time in a little more than a week, reversing a streak that had pushed the index up nearly 7 percent for the year.It was the largest drop the stock market since early August. The announcement that China, whose rapid growth has helped pull the global economy along, raised a key interest rate to fight inflation sent U.S. stocks lower. Disappointing news from Apple Inc. and IBM Corp. pushed the technology-heavy Nasdaq down about 2 percent. Both companies beat earnings forecasts when they reported results late Monday, but each delivered news that investors didn't like. Apple Inc. didn't sell as many iPads as analystshad hoped and a measure of profitability was lower thane xpected. IBM Corp.'s outsourcing business didn't do as well analysts predicted. Shares of Apple fell 2.6 percent, to $309.49. Apple's shares have gained 9.1 percent this quarter. The Dow Jones industrial average fell 165.07, or 1.5 percent, to 10,978.62. Standard & Poor's 500 index fell 18.81, or 1.6 percent, to 1,165.90, while the Nasdaq composite index fell 43.71, or 1.8 percent, to 2,436.95. "On average, the earnings reports have beaten expectations, but now investors are asking, 'What's next?'," said Jonathan Satovsky, the head of Satovsky Asset Management. "Even Apple reduced guidance for the fourth quarter of the year." The dollar rose 1.7 percent against a basket of currencies, while gold fell 2 percent. The strengthening dollar led to a broad selloff of commodities. That dragged down stocks of companies in the energy and materials sectors of the Standard and Poor's 500, which were both down more than 2 percent. "The dollar rebounded pretty significantly today and that's one of the primary drivers of the market," said John Pandtle, who is a co-manager of the Eagle Large Cap Value fund. For weeks, traders have been anticipating that the Federal Reserve will expand a program to buy bonds in hopes of encouraging spending. That has led many investors to buy stocks despite questions about the strength of the economic recovery. "We're seeing a mixed bag from earnings reports and housing numbers," said Doug Roberts, the chief investment strategist for Channel Capital Research, citing a recent report that showed a slight increase in homebuilder confidence. "If the Fed wasn't sitting there following through with liquidity, then we'd be in a very different situation." Shares of Bank of America Corp. fell 54 cents, or 4.38 percent, after the company reported a loss because of a one-time charge tied to credit and debit card reform legislation passed this year. A group of investors including BlackRock and Pacific Investment Management Co. are reportedly attempting to force the bank to repurchase mortgages put out by Countrywide Financial Group, a subsidy of Bank of America that the company purchased in 2008. BlackRock and Pimco declined to comment. Goldman Sachs Group, Inc., which reported results before the bell, earned $1.74 billion, or $2.98 a share, much higher than the $2.32 per share analysts predicted. Shares rose $3.02, or 1.9 percent. Earnings have been the focus for many investors this week as 113 of the 500 companies in the S tandard and Poor's 500 index report third-quarter results. Four of the 30 companies that make up the Dow announced earnings today. Some traders may be taking earnings annoucements as an opportunity to sell and record g ains. "We're seeing some profit-taking today after the tremendous September and first week of October that we've seen in the market," said Eric Marshall, the director of research at Hodges Capital. Bank of America's 4.38 percent drop was the largest falli n the Dow. Coca Cola Co., which reported earnings Tuesday, was one of only two stocks in the index with gains. business BRIEFS INTERNATIONAL BUSINESS VERNE G. KOPYTOFF c .2010 New York Times News Service@SAN FRANCISCO Yahoo's turnaround effort showed mixed results in the third quarter, with a jump in profits but only a small gain in revenue. Yahoo reported that net income more than d oubled to $396 million, or 29 cents a share, from $186 million, or 13 cents a share, in the year-ago quarter. Revenue climbed 2 percent to $1.6 billion. The gain in profits is due in part to the sale of its HotJobs site and a direct investment in, a Chinese commerce site. The net income was above the expectations of Wall Street analysts. They had expected 15 cents a share and revenue excluding payments to advertising partners of $1.13 billion, according to a survey of analysts by Thomson Reuters. The adjusted revenue for the quarter was slightly below expectations at $1.2 billion. ''We've made substantial progress this year toward executing our strategies for enhancing profitability and resuming revenue growth," said Carol A. Bartz, Yahoo's chief executive, in a statement. The company, based in Sunnyvale, Calif., said revenue from display advertising on Yahoo's Web portal grew 17 percent in the quarter. JORDAN ROBERTSON, AP Technology Writer SAN FRANCISCO Intel Corp. on Tuesday revealed the scope of its latest infusion to keep its factories cuttingedge and push the chip industry's pace: an investment of up to $8 billion to build a new factory in Oregon and upgrade four existing plants in Arizona and Oregon. In all, the projects will create up to 8,000 temporary construction jobs and up to 1,000 perma nent positions in Oregon when that factory opens in 2013. Intel's problem with factories is akin to your car needing a new engine every couple of years to avoid becoming a dinosaur. NEW YORK (AP U.S. sales for Coca-Cola Co. extended their rebound int he third-quarter, coupling with strong performance abroad to push the world's largest soft drink maker's net income up 8.4 percent. The second consecutive quarter of i mprovements in its North American drinks business is encouraging news for Coca-Cola after four years of declines. The company also raised the value of shares it expects to buy back this year to $2 billion from $1.5 billion. The company, based in A tlanta, said Tuesday it earned $2.06 billion or 88 cents per share in the three months ending Oct. 1, up from $1.9 billion or 81 cents per share last year. Excluding one-time items related to restructuring, the company earned 92 cents per share. R evenue rose 4.7 percent to $8.43 billion. M ILWAUKEE (AP Harley-Davidson reporteds lumping sales for the third quarter Tuesday though it more than tripled profits thanks to its financial services division and efforts slim down in a bad economy. The Milwaukee company a lso said it's likely that full-year motorcycle shipments will d ecline 5 percent to 7 percent from last year and company shares nearly 7 percent. Net income was $88.8 mil lion, or 38 cents per share, for the three months that ended Sept. 26. That compares with income of $26.5 million, or 11 cents per share, in the same period last year. NEW YORK (AP Investment firm 3G Capital has fin ished its $3.26 billion buyout of Burger King Holdings Inc.,t he two companies said Tuesday. 3G, based in New York, announced last month that it would acquire the burgerc hain at $24 per share. The companies value the transac tion at $4 billion including the debt the buyer would assume. Burger King, based in Mia mi, said the deal, announced last month, will allow the1 2,000-restaurant chain to expand faster overseas. Bernardo Hees will become CEO of the company, while Alexandre Behring, 3G's managing director, will be the co-chairman alongside Burger King chairman and CEO John Chidsey. KAREN MATTHEWS, Associated Press Writer NEW YORK New York City's Hotel Chelsea, the bohemian landmark where poet Dylan Thomas collapsed in a coma before dying in 1953 and where the girlfriend of Sex Pistols bassist Sid Vicious was fatally stabbed in 1978, is up for sale, its owners announced Tuesday. Celebrated in songs like Joni Mitchell's "Chelsea Morning" and Nico's "Chelsea Girl," the 1883 building has offered shortand long-term shelter to generations of artists and musicians. Notable residents have included musicians Bob Dylan, Patti Smith, Jimi Hendrix and Jim Morrison, artist Andy Warhol and playwrights Arthur Miller and Eugene O'Neill. The hotel's legacy as an artists' playground could be in doubt after the group of families that has owned it for 65 years decided to sell. They have not named an asking price. "The hotel will always continue to be a destination for creativity and art, that's what makes it so special," shareholder Paul Brounstein said in a statement. "Nothing can ever change that." Dow drops below 11,000 as dollar gains Coca-Cola 3Q net income rises 8.4 percent Harley churns out profit in face of falling sales 3G completes $3.26b Bur ger King takeover Bohemian landmark NYC Hotel Chelsea up for sale LANDMARK: This 1996 file photo shows the Hotel Chelsea on New Yorks West 23rd Street in Manhattan that is for sale. A P P h o t o / R i c k M a i m a n F i l e YAHOO TURNAROUND BID SHOWING MIXED RESULTS INTEL T O SPEND UP TO $8B ON US MANUFACTURING


C M Y K C M Y K BUSINESS T HE TRIBUNE WEDNESDAY, OCTOBER 20, 2010, PAGE 5B TO DISCUSS STORIES ON THIS PAGE LOG ON TO WWW.TRIBUNE242.COM ation of Bahamian jobs. This project will remain unable to go forward until Stein's frivolous litigation ceases, Plainfield told Tribune Business. However, in an affidavit sworn and filed with the New York courts on Monday, Mr Stein hit out at Plainfields accusations that his legal tactics were responsible for delaying the project. I understand that petitioners [Plainfield] have repeatedly represented to the court that the pendency of this special proceeding, and respondents [Mr Stein and RHS Ventures] conduct in relation thereto are causing the real estate project in the Bahamas to languish. There is no truth to these assertions, Mr Stein alleged. Describing Plainfields allegations as baseless, Mr Stein counter-attacked, claiming: It is public information that the real estate project to which petitioners refer is actually a piece of rawl and that is currently the subject of ongoing foreclosure proceedings by a third party senior lender [CCWIPP] in the Bahamian courts, due to petitioners failure to pay the mortgage on the property. Due to petitioners failure to pay the mortgage of more than $70 million, the [South Ocean] partnership has been in default since late 2008, and [CCWIPP] initiated foreclosure proceedings in early 2009. A nd Mr Stein alleged: Respondents are powerless to influence those foreclosure proceedings since, through a self-executing share pledge, Petitioners now effectively own and control all of the [South Ocean] partnerships assets, including the land at issue. It is the foreclosure proceedings and [Plainfields] failure to pay the outstanding past due balances that prevent them from devel oping the property, not any actions by me or the other respondents, and not the present special proceeding before this court. Denied Mr Stein also denied Plainfields allegations that he had been continuing to represent himself as being South Oceans general partner, adding that this has no impact on the fact that Plainfield Asset Management cannot presently develop the property due to the foreclosure proceedings commenced by the senior lender. Petitioners appear to have concocted this false sense of urgency in an attempt to steer the courts attention away from the import ant, substantive issues raised by this motion. CCWIPPs foreclosure attempt is now before the Court of Appeal, after Justice Stephen Isaacs dismissed the initial action on the grounds that the New South Ocean Development Company did not have Central Bank of the Bahamas approval as a foreignowned entity to repay its loan debt to the Canadian pension fund. CCWIPP is now alleging that it is owed some $102 million in principal and interest. C CWIPP's foreclosure attempt was opposed by Plainfield Asset Management and its Seaside Heights investment vehicle, which holds the second mortgage/debenture over the southwest New Providence resort's real estate. That is understood to be for asum in the "high" $50 millions range. And it was Plainfield's attorney, Brian Moree QC, senior part ner at McKinney, Bancroft & Hughes, who successfully argued that CCWIPP was unable to place the resort into foreclosure because New South Ocean Development Company did not have a letter from the Central Bank giving it permission to repay the loan. Under exchange control regulations, the judge found that CCWIPP/Propco and New South Ocean Development Company needed to have this Central Bank permission to repay the loan. Any loan arrangement in this nation that involves either a foreignowned mortgagor or mortgagee requires Investments Board and Central Bank approval. Plainfield also appears both unmoved and unimpressed by Mr Steins latest legal filings. T he hedge fund told Tribune Business last night: Roger Stein is desperately trying to re-litigate selected issues in a case that ended long ago. He has no new evidence, just more of the argu ments we have come to expect from him. These issues were all carefully examined by an impartial arbi tration panel during an exhaustive and thorough hearing. The panel ruled decisively and conclusively against Stein, and for Sea side Heights [Plainfields investment vehicle] on every single issue before it. This is more of the same from Stein. He wants to overturn an entire month of arbitration and refute numerous sworn affidavits on the basis of a single, unsworn private conversation. Even Stein's own transcript shows that Mr Reehl stands behind his testimony at trial. Mr Stein, though, is sticking to his guns, alleging that he tape recorded a conversation with former Plainfield managing director, Eric Reehl, in which the latter alleged he was coerced by the hedge fund into giving testimony before the arbitration tribunal that was harmful to RHS Ventures case. $ 70 million mortgage default blamed for South Ocean woes FROM page 1B out into different markets, Marios recently purchased a 30-seater bus that it intends to use to bring in groups to the alley to bowl. The bus is set to arrive in the next 10 days, said Mr Miller. Booths pushing promotional deals are soon to be set up in a number of hotels to sell Marios to tourists who might be looking for entertainment options outside their resorts. Mr Miller and his team are also negotiating at an international level to bring a world class tournament to the alley next year, in conjunction with the American Bowling Association. But it is the Bahamian market that Mr Miller places most emphasis on, and he yesterday appealed to the Bahamian public to support Marios. Its becoming a little difficult now, and we would really appreciate the support of the Bahamian people in this venture, he said. All of the experts we have coming to the centre say what we have built here in the Bahamas is the future of bowling throughout the US and the world. We have put up an extra first-class, modern facility here in the Bahamas, though I dont know if people appreciate that. They key to it is getting the support of the Bahamian people, and we hope we will continue to earn their support by providing the highest level of service and best facility they can find. In this regard, Mr Miller said he was very disappointed with the outcome of a promotion launched around two months ago, which offered church people the opportunity to attend an all-you-can-eat buffet after church on a Sunday at the alleys 300-seater restaurant for $25 for adults or $15 for children. I dont know whether we will continue to have it on Sunday. Sometimes only 10 or 12 people show up. Most church-going people who dont want to cook will go to hotels on a Sunday and spend $60 a head. We thought we wouldve offered them a better package than hotels by offering what we thought was on par with any hotel, said Mr Miller. And the businessman said he was disturbed to hear that a large group of bowlers from Freeport, where the bowling alley shutdown, recently travelled to a bowling alley in Florida. The owner told me he asked them why they had gone there when we haveone of best centres in the region here in Nassau, said Mr Miller, adding: But thats our temperament. Mr Miller said Marios has been encoura ging the formation of bowling leagues in offices and hotels, suggesting that this is a way for business owners to give back to their staff and encourage camaraderie among them. League bowlers get close to a 50 per cent discount on bowling prices, which currently stand at a competitive $40 an hour readjusted from $60 when the centre first opened or $5 a game. Meanwhile, the potential for bowling to take off among schools is also being explored, with Mr Miller hopeful school children will get more involved in the sport at a competitive level. You have high schools in Florida where you have all-State championships. We could have an all-city championship here and our kids could go abroad to compete. The fun and camaraderie that bowling can develop is huge, and a lot of people dont realise that kids get full scholarships to study abroad from bowling, said Mr Miller. The businessman said Marios is now reaching out to other businesses to begin bringing in Christmas party bookings. The Christmas season traditionally heralds a tripling of bowling alley business in the US, said Mr Miller. What we have been trying to do is make up a programme where you tell us what you have to spend and we will come up with an arrangement around your budget. We are hoping we will have a super December, he said. F ROM page 1B Strike back at 3040% business fall


C M Y K C M Y K TASTE THE TRIBUNE WEDNESDAY, OCTOBER 20TH, 2010, PAGE 7B TO DISCUSS STORIES ON THIS PAGE LOG ON TO WWW.TRIBUNE242.COM The Tribune Just a few images of what, we the Bahamas, looked like 40...50...60 years in the past.Flash Back BY ROLAND ROSE 1966Introduction of the Bahamian Dollar. These are some of the publicity pictures developed for the Wire Services with sex appeal. A bikini made with Bahamian money. Native Straw hats decorated with dollars. The coins included square and serrated edges. By JEFFARAH GIBSON Tribune Features Writer ALLERGIES are what got Konfetti Kreations Company & Gourmet Foods started!Kadren Carey a self taught pastry chef, owner, and founder of KKC started dabbling with an assortment of food items after she discovered that her daughter was lactose intolerant. "My daughter was born with an allergic reaction to dairy products, citrus, oil and she was also allergic to a number of light foods," Mrs Carey explained. "Because of this I started cooking with non dairy products," she said and realised that the new baking alternative was just as good as any diary based product. This was the beginning of the KKC catering company a home based operation and it was her originality and ingenuity that her clients love. Ms Carey constantly searches for new unique ideas and flavours to bring to her clients. And since she believes in helping local businesses she tries to patronise local business. Most of her signature pastries are made with local products. For example Bahamian style candies like brittle, coconut cream, fudge, dilly and guava tarts which are seasonal. Fruit fritters are another signature pastry made by KKC. Along with their long list of cakes and other baked goods the have recently launched their brand of lemonade in pomegranate, and ginger which are found at select deli's. Mrs Carey gains inspiration from her travels and she fuses what she has learnt and experienced over the years into traditional Bahamian recipes. The KKC company has participated in annual events at the Bahamas National Trust including The Green Earth Festival, Wine & Arts Festival Jollification the BNT's Da Market. For more information contact 1242-676-3500.An unusual start for Konfetti Kreations TASTY TREATS: An assortment of the baked goods created by Konfette Kreations Company & Gourmet Foods.


C M Y K C M Y K ENTERTAINMENT PAGE 8B, WEDNESDAY, OCTOBER 20TH, 2010 THE TRIBUNE TO DISCUSS STORIES ON THIS PAGE LOG ON TO WWW.TRIBUNE242.COM The Tribune things 2 DO OCTOBER 23 SATURDAYEchoes of HistoryŽ Album Release Concert Jah Doctrine celebrates the release of his debut album "Echoes of History" with a concert, 9pm at Smoky's Place, Gambier. Live music by Xtra Band and DJ Mystro. Cost: $10 in advance; $15 at the gate. Telephone: 448-1032. OCTOBER 23 SATURDAYJah Cure LIVEMr Chin's Anaconda, in association with Surreal Entertainment, presents Jah Cure LIVE up close and personal at Charlie's Club. Telephone: 322-3041. OCTOBER 23 SATURDAYBahamas Humane Society Ball The Bahamas Humane Society hosts its annual ball at the British Colonial Hilton. Cocktails: 7pm. Dinner: 8.30pm. Donation: $250. Dress: Black Tie. Telephone: 323-5138 or 325-6742. OCTOBER 23 SATURDAYA Masquerade AffairŽ Come out for "A Masquerade Affair", 9pm at The Pavilion, Bacardi Road. OCTOBER 27 WEDNESDAYBIFF Film Series: Two Movies The Bahamas International Film Festival continues its film series with the movies, "Nice Shooting Cowboy" and "The Nature of Existence", 7.30pm at Old Fort Bay. Cost: $12/per screening; $100/complete package, including popcorn. Telephone: 325-5747. See Submitted by Anita L MacDonald, MMus, MS, MBA, GPC/MIS Astanding ovation was the welldeserved response to a bravura piano recital performed with grace and style by Chinese pianist Jue Wang at the Nassau Music Society's season opener at the College of the Bahamas Performing Arts Centre Saturday night.Mr Wang, the 26-year-old First Prize Winner of the Santander International Piano Competition as well as of many other awards too numerous to mention, awed and delighted the audience with a programme well-suited to his sparkling, crystalline technique and to his moving, evocative renditions as well. No mere technician, although the words effervescent and scintillating come to mind, Mr Wang began the program with Ravel's Sonatine which he played with pure French sophistication, followed by Ravel's Memoirs Memoirs in particular was an excellent showcase for the wide range of styles of which Mr Wang is a master. His sensitivity to the nuances and varied moods of the widely-differing five pieces that comprise the suite was flawless. He combines the exquisite touch of a surgeon with the soul of a true artist. The second half of the programme was devoted to the composers of the Romantic period. An Intermezzo by Schumann was followed by the always-popular Chopin Heroic Polonaise played with all the pyrotechnics and panache one could desire. Chopin's Ballade No. 4 was next, a technically and emotionally difficult work which Mr. Wang both interpreted and played to perfection. The final piece on the programme was Tchaikovsky's Polonaise from the opera Eugene Onegin another crowd-pleasing tour de force. Mr. Wang was very astute in his selection of pieces, with something for everyone from the connoisseur to the enthusiastic amateur. Mr Wang graciously performed an encoree Liszt Grand Galop Chromatique played with unparalleled verve and virtuosity. For me, one of the most remarkable things about his performance of this particular piece was his ability to convey at that speed its comedic aspects as asides that floated on the keys as lightly as birds' feathers floating in the air. As the accolades continued, Mr. Wang chose as his final encore Chopin's Revolutionary Etude played powerfully and dramatically to provide an energetic, exciting, and thoroughly exhilarating finale to Nassau Music Societys Jue Wang gives concert and master class at COB WORLDrenowned pianist Paul Shaw will make his first appearance in the Bahamas at a special concert to commemorate the 20th anniversary celebrations of The Bahamas National Youth Choir on Saturday evening. The concert which should not be missed will be held at the Dundas Center for the Performing Arts at 8pm and tickets are $20. The Jamaican born pianist arrives fresh from the Asian premiere of youth choir director Cleophas Adderley's Variations on a Theme by E. Clement Bethel in a solo recital at the National Centre for the Performing Arts in Beijing, China. Hailed by The New York Times as "both a virtuoso with Herculean technical command and a sensitive introspective artist," Mr Shaw has appeared on three continents, inspiring appreciative audiences and music critics alike in Asia, Europe and the Americas. A top prize-winner in the 1988 William Kapell International Piano Competition and the 1986 Young Concert Artists International Auditions, Mr Shaw has performed to high critical acclaim at prestigious venues including Carnegie Hall and Lincoln Center in New York; the Kennedy Center and the Hall of the Americas in Washington, D.C.; and Beethovenhalle in Bonn. He has appeared as soloist with the Brooklyn Philharmonic, Cape Cod Symphony, Dayton Philharmonic, Richmond Symphony, Rochester Philharmonic, Shreveport Symphony and Minnesota orchestras and collaborated with conductors William Eddins, Lukas Foss, George Manahan, Jorge Mester, Royston Nash, Stanislaw Skrowaczewski, and others. He has completed two successful recital tours of Taiwan and made his second visit to Central America in August 2003, appearing in a series of recitals at the Thirteenth Costa Rica Festival Internacional de Mœsica. In December 2004, he performed in Teatru Unplugged Seven at the historic Manoel Theatre in Valletta, Malta where he was described by the Times of Malta as "a concert pianist of towering talent." Born in Falmouth, near Montego Bay, Jamaica, Mr Shaw's interest in music began with a toy piano his mother purchased at Woolworth's to teach him everything she had memorised from observing her guardian, a Kingston piano teacher, in secret. By age eight, he was sight-reading hymns for church services and at sixteen, he won the Howard Cooke Award for Excellence in Music, Jamaica's highest classical music award in the annual Festival of the Arts competition. Subsequent advanced studies with Kaestner Robertson at the Jamaica School of Music and scholarships courtesy of the Jamaican Government, French Government, and The Juilliard School, led to a ten-year affiliation with noted GreekAmerican pianist William Masselos, and three degrees from Juilliard -Bachelor of Music, Master of Music, and Doctor of Musical Arts. In December 2000, by special invitation from His Excellency, Sir Howard Cooke, Governor-general of Jamaica, Dr Shaw returned to his homeland as honored guest artist in the King's House Concert. Dr Shaw honours his commitment to inspiring the next generation by mentoring pianists both at Third Street Music School Settlement in New York and at the University of Minnesota School of Music in Minneapolis. He has conducted lectures and master classes at numerous colleges and universities across the United States of America and abroad, and participated in outreach programs under the auspices of the Lincoln Center and Van Cliburn Institutes. In the Spring of 2004 he was selected by the International Scholar Laureate Program, based in Washington DC., to serve as Faculty Advisor to forty-five elite music students from universities across the United States of America on an inaugural educational tour of the European birthplace of classical music: Vienna, Salzburg, Prague and Budapest. Dr Shaw was re-engaged to lead subsequent tours in the spring of 2005, 2006, 2007 and 2008. Renowned pianist to grace Dundas stage GREAT HONOUR: World renowned pianist Paul Shaw will make his first appearance in the Bahamas at a special concert to commemorate the 20th anniversary celebrations of The Bahamas National Youth Choir on Saturday evening. TALENTED: Jue Wang performing at a recital Saturday at the College of the Bahamas. SEE page nine


C M Y K C M Y K ARTS THE TRIBUNE WEDNESDAY, OCTOBER 20TH, 2010, PAGE 9B TO DISCUSS STORIES ON THIS PAGE LOG ON TO WWW.TRIBUNE242.COM an unforgettable evening. Jue Wang is a warm and personable young man with a delightful twinkle in his eye. A native of Mainland China and a Professor of Piano at the Shanghai Music Conservatory, Mr Wang currently resides in the very American Borough of Queens in New York City where he studies with the world-renowned concert pianist Byron Janis. Mr Wang's first CD for the Naxos label with works by Franz Liszt will be released in 2011. Jue Wang performed the same programme at St. Paul's Church Hall, Lyford Cay on Sunday afternoon and again received a standing ovation. In the audience were Sir Arthur Foulkes, Governor General and Lady Foulkes and Hu Dingxian, Ambassador of the People's Republic of China and his wife Madame Xie Xiuling as well as other dignitaries, including the Nassau Music Society's main sponsor representing SociŽtŽ GŽnŽrale Private Banking, Dominique Lefevre. As a fitting final encore, Mr Wang played a moving Chinese piece from the Yellow River Concerto by Tong Sang. On Monday, Mr Wang offered a Piano Master Class to young Bahamian students. Participating students included Jared Fitzgerald, who played Burgmuller's L'Orage; Emma Van Wynen, who played Grieg's Puck; Basil Miller, who played Corea's Reverie; Gia Ifill, who played Goldston's Etude Brillante; Jason Ren, who played Burgmuller's Rondo Alla Turca; and Bernard Farquharson, who played Chopin's Revolutionary Etude The aspiring young pianists ranged in age from seventh grade students to college students. All the participants comported themselves admirably, displaying no visible signs of stage fright and applying Mr Wang's suggestions as much as they were able. Many students stayed for the entire two-hour session, taking the opportunity to learn from one another as well as from Mr Wang. Among the suggestions imparted by Mr Wang were exhortations to practice slowly and deliberately to achieve a clarity of articulation as opposed to a rushed mush of notes; to maintain a steady, metronomic tempo when practicing something new; to keep the hand position relatively low so as not to attack the keys from above; to determine fingering that will enable smooth rather than awkward transitions; to do exercises to improve on-the-physical-key finger-striking strength so that hitting the keys from a distance above is avoided; to make the melody sing out as distinct from the accompaniment especially in arioso sections; to take musical breaths on occasion as if the piano were a voice singing the melody; to make changes in tone colour as appropriate to the mood of each section of a piece; to build crescendos and decrescendos gradually on a note-by-note basis; to aim at and bring out the high point of a crescendo; to avoid muddiness of pedaling; to go from grace notes or their equivalents to the main notes more quickly for a more dramatic effect; to utilise crisp, sharp, strong attacks where appropriate; to employ swells and ebbs when shaping phrases; to highlight chromatic dissonances for more noticeable contrasts to avoid blandness; and to employ a rallentando (but not an exaggerated rallentando) lead-in to sections where appropriate when tempo changes are called for. True music is a living, breathing, pulsing thing, endowed with a heartbeat, passion, strength, and intelligence. It must never be boring, rushed, or pedestrian. The ability to impart subtle shifts in dynamic shadings and the ability to move rather than merely astound the audience are what separate the musicians from the technicians. Jue Wang is a musician of the highest calibre, and he is dedicated to sharing his insights and abilities with his students. Jue WangFROM page eight PRESTIGIOUS AUDIENCE: Governor General Sir Arthur Foulkes and the Chinese Ambassador to The Bahamas Li Yuanming were among the many in attendance at Jue Wang concert.


C M Y K C M Y K INSIDE Jue Wang gives concert and master class at COBSee page eight W W E E D D N N E E S S D D A A Y Y , O O C C T T O O B B E E R R 2 2 0 0 T T H H , 2 2 0 0 1 1 0 0 TO DISCUSS STORIES ON THIS PAGE LOG ON TO WWW.TRIBUNE242.COM Youngie Exuma&By JEFFARAH GIBSON Tribune Features Writer Brownskin gal go home an mind baby, Brown skin gal go home and mind baby Brown skin gal go home and mind baby, Daddy gone away on a sailin boat If he don't come back go home and mind babyIT wasnt until hearing a college lecturer make mention of an intriguing exhibit at Doongalik Studios and reading a few articles, that I came to know who Joseph Spence and Tony Mckay were.I do chant from time to time the catchy lyrics of Brownskin Gal" and "Exuma the Obeah Man" but never really knew who the rake and scrape genius was behind the music. It is probably a shame that I didn't know who these men were up until a few days ago. But I don't blame myself, as these men are not celebrated the way some Bahamians feel they should be. After the passing of the late Tony Mckay, Jackson L Burnside the III wrote a letter to the editor of this newspaper on April 15, 1997 expressing dismay and bitterness about the lack of respect and recognition Tony Mckay was given during his time. Others felt equally about Joseph Spence, as he is recognised more for his music internationally than here in the Bahamas. By showcasing the exhibit and introducing the new free lecture series on Youngie & Exuma A celebration of the life of Joseph Spence and Tony Mckay, Doongalik Studios Art Gallery in conjunction with Carter Marketing, The Endowment for the Performing Arts, the Ministry of Tourism and Aviation, and the Ministry of Youth Sports and Culture is bringing light to those who have had an impact on Bahamian culture. "We were amazed at the wealth of information available, mostly internationally on both of these artists," said Pam Burnside coowner of the gallery. "They are highly respected all over the world and yet here in The Bahamas, the home of their birth, they are hardly known and certainly not celebrated. This exhibition aims to remedy that," The lecture series will held on Thursdays from 6-9pm for the reminder of the month. The Exhibition, which opened to an appreciative crowd on October 1, was mounted in celebration of the 100th birthday of Joseph "Youngie Spence" and the 40th anniversary of the release of Tony McKay's classic album Exuma'. The show is curated by Orchid Burnside, a former intern at the Smithsonian Institution in Washington, DC and features memorabilia of both artists. Plastered on the wall at the gallery are newspaper and magazine articles, album covers, music reviews, video footage and music. There is also an array of photographs particularly of Joseph Spence taken by Belgian photographer and musician Guy Droussart who traveled to the Bahamas in the 1970s to photograph and record Spence and his family. Droussart has spent his lifetime, collecting information on his hero and was extremely pleased to know that the artist was being celebrated in such a fashion. Charles Carter who opened the show said "The Youngie & Exuma exhibit happily exceeds even my expectations that were sky high to begin with. See it often." Fred Ferguson who was present as well added "it is long overdue for recognition to be given to these two great artistic icons of the Bahamas and I hope that this opens the door for the further recognition and appreciation for many of our unsung artistic giants."Tony Mckay was my given name Given on Cat Island when my mama the felt pain From Exuma I'm the Obeah Man Na Na ObeahBesides Tony Mckay's, wild get ups, scrunched up face, lyrics that spoke to heart and trade mark screams, some Bahamians also know him to be an artist. In 1990, Tony Mckay held his first exhibition. The show featured oil on canvas water colour pastels, charcoal, and oil pastel pieces. The exhibition showcases a collection of 41 paintings by Tony Exuma' McKay kindly loaned by a variety of collectors. "Most people have no idea that Tony was a painter as well," said Jackson Burnside. "He was quite prolific and we are happy to have such a variety of his work on display. The exhibition took weeks of research and it is a new experience for Doongalik to mount a show of this type, but it gave me goose bumps as it came together these men deserve to be celebrated on an ongoing basis if we fail to celebrate our own, others will own them so we are bringing them back home and encourage everyone to come out to see it, particularly the school children," he explained. The Exhibition will be on display until Thursday, November 4. For further information contact the gallery at 394-1886 or email Guy DroussardBahamian musical genius the late Joseph Spence. Paintings by the late Tony Mckay from the DAguilar Foundation.CLASSICS The Tribune SECTION B An unusual start for Konfetti KreationsSee page seven


By BRENT STUBBS Senior Sports Reporter H e didnt get to travel to New Delhi, India, but veteran quartermiler Chris Fireman Brown said he was burning with excitement for his countrymen in the mens 400 and 4 x 400 metre relay at the XIX Commonwealth Games. Brown, who celebrated his 32nd birthday on October 15 after the games came to a close, said he was p roud of the bronze medal and f ourth place finish by Ramon Miller a nd Michael Mathieu respectively and the fourth by the relay team. I think their performance was great, said Brown, the Bahamas most decorated quarter-miler. They went over there and did what they had to do. Unfortunately, they were not able to come home with a medal in the relay. But I called each of them after they finished and I congratulated them. I especially congratulated Ramon for getting a bronze in the Commonwealth Games and I also called Jamal Moss and congratulated him and told him not to keep his head down because he got a chance to run on the international scene and its just the beginning for him. Its a journey that he have to go through. Moss, one of the two rookies on the team, ran the third leg on the mens 4 x 400 relay. A lot of fingers were pointed at him after he got the baton in first place from Mathieu and ended up passing it off to Miller on the anchor leg in fifth place. I had to congratulate him because if he wasnt there, they wouldnt have had a relay team after A ndretti (Bain heats, Brown reflected. I know this was a down year for me after I got hurt. I had every intention to go to the Commonwealth Games, but I was tired. My body was fatigued and tired. I justf elt as though I needed the rest and everybody agreed with me that my body needed the rest. Its just unfortunate that there were some people who felt that I didnt need the rest. I had to go with what was best for me. So I took it upon myself to get the rest. I just put my trust in the Lord and allowed him to guide me through the decision. Brown, who won his first World Indoor Championships gold medal in Doha this year to go along with the bronze he got in 2006 and 2008, said the quartermilers all deserved a lot of credit for the way they per formed in New Delhi. I check on my 4 x 4 guys all the time and make sure that we are all on the same page with each other, said Brown, who came third in a stacked field at the Bahamas Asso ciation of Athletic Associations National Open Track and Field Championships in June. I make sure that whatever we put our minds to do, we do it. Im passionate about what I do and I just let the guys know that Im behind them and I support them because Im not going to be on the team every time. So I have to get them prepared mentally and physically whenever that day is going to come. I cant do it forever. So Im trying to get them tough mentally and physically prepared. But Im proud of their performances. Normally Brown said he would have been right there making his contribution, having won the gold in the 400 at the 2007 Pan American Games and as a member of the winning 4 x 4 relay team as well as a member of the 2008 Beijing Olympics 4 x 4 relay and member of the World Championships gold medal team in Edmonton in 2001, double silver medallists in 2007 in Osaka and 2005 in Helsinki as well as bronze medallist in 2003 in Paris, France. But he said hes looking forward to returning to fine form next year when the relay team begins its trek to international prominence at the Penn Relays. The highlight for the year will be the IAAF World Championships in Daegu, South Korea, where Brown said the goal is to win the gold before they try to duplicate the feat at the 2012 Olympic Games in London, England. We have to be ready for the next 3-4 years so this is just a good test to see where we are and what we need to do, Brown said. I think the guys performed well in India and I know with everybody coming around next year, we should do even better. I can guarantee you that I will be ready for next year. Im just enjoying the off season with my family. I just came off a birthday, so Im just taking it one day at a time. But Ive gotten real close to the Lord. I feel like Im a different person, so Im just going to leave the 2011 season to him. Fireman proud of countrymen C M Y K C M Y K WEDNESDAY, OCTOBER 20TH, 2010 THETRIBUNE PAGE 9 P AGE 10 International sports news TO DISCUSS STORIES ON THIS PAGE LOG ON TO WWW.TRIBUNE242.COM Serena done for 2010, just like Venus... S ee page 10 TRIBUNE E XCLUSIV E Veteran quartermiler Chris Brown aims for gold at IAAF Worlds and 2012 London Olympics ...I had every intention to go to the Commonw ealth Games, but I w a s tir ed. My body w as fatigued and tired. I just felt as though I n eeded the r est and e verybody agreed w ith me that m y bod y needed the rest. Chris Brown CHRIS FIREMAN BROWN CONGRATS: Ramon Miller won a bronze medal in the 400m at the Commonwealth Games in New Delhi, India. (AP Photo

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