Citation
The Tribune.

Material Information

Title:
The Tribune.
Uniform Title:
Tribune. (Nassau, Bahamas).
Added title page title:
Nassau tribune
Place of Publication:
Nassau, Bahamas
Publisher:
Tribune
Publication Date:
Language:
English
Physical Description:
v. : ill. ; 58 cm.

Subjects

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

Notes

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

Record Information

Source Institution:
University of Florida
Holding Location:
University of Florida
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This item was contributed to the Digital Library of the Caribbean (dLOC) by the source institution listed in the metadata. This item may or may not be protected by copyright in the country where it was produced. Users of this work have responsibility for determining copyright status prior to reusing, publishing or reproducing this item for purposes other than what is allowed by applicable law, including any applicable international copyright treaty or fair use or fair dealing statutes, which dLOC partners have explicitly supported and endorsed. Any reuse of this item in excess of applicable copyright exceptions may require permission. dLOC would encourage users to contact the source institution directly or dloc@fiu.edu to request more information about copyright status or to provide additional information about the item.
Resource Identifier:
09994850 ( OCLC )
9994850 ( OCLC )

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Volume: 107 No.2



FEATURES



a





The Iribune

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TUESDAY, NOVEMBER 23,2010

CARS FOR SALE,
al

Police hold walkabout

Family promised update from
Commissioner Greenslade

By AVA TURNQUEST
Tribune Staff Reporter
aturnquest@tribunemedia.net

TENSION in the Bain
Town community, whose
residents lament the fatal
shooting of one of their own,
remains high following the
high profile police walkabout
yesterday.

Family members of 19-
year-old Sharmoco New-
bold, and residents of Hos-
pital Lane — where he was
shot — were promised by
Police Commissioner Ellison
Greenslade that an update
on the matter would be giv-
en this evening.

Mr Greenslade also con-
firmed yesterday that the
officer firing the fatal shot
was a full fledged member
of the Royal Bahamas Police
Force, refuting claims that
he was a reserve.

Mr Greenslade said:
“Given what I personally

saw here on Saturday, we
know that this is the right
thing to do. To come back
and in a very personal way,
connect with the residents of
this area, with the view to
finding out what the issues
are that would have led to
what we saw as a disturbance
on Saturday.”

Grief turned to fury in
Bain Town following the
fatal shooting of a 19-year-
old youth by an officer on
patrol in the area.

In his initial report, Com-
missioner of Police Ellison
Greenslade said officers
were on patrol in the area
of Hospital Lane and Mead-
ow Street when they saw a
young adult male with what
“appeared to be a weapon
in his possession."

It was further reported
that when the armed officers
approached the young man

SEE page eight



Bain flown

BAIN TOWN WALKABOUT: Officers including Police Commissioner Ellison Greenslade talk to residents
in the Bain Town area yesterday. Crime scene tape lies in the foreground.

CHRISTIE: BAIN TOWN EVENTS A CONSEQUENCE OF GOVT FAILURE

By TANEKA THOMPSON
Tribune Staff Reporter
tthompson@tribunemedia.net

those in government and law
enforcement to infiltrate seething
communities and start a dialogue
that could prevent future episodes
like Saturday's standoff between
police and troublemakers.

He also faulted the Ingraham
administration for its focus on "mil-
itary” style policing — investing
financial resources into more equip-

SEE page eight

THE Bain Town disturbance is a
consequence of the Government's
failure to put its finger on the pulse
of crime and spearhead community
outreach projects, claims Opposi-
tion leader Perry Christie.

The former prime minister sees
the incident as a call to action for



PLP LEADER
Perry Christe

SEE SECTION E





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50% OF MORTON
_ SALT EMPLOYEES
_ SET TO BE LAID OFF

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

SEVENTY-TWO

i employees at Morton Salt
? — constituting about 50 per
i cent of the company’s work-
i ers—are expected to be laid
i off in the first week of
i December as excessive rain-
i fall in Inagua has halted salt
? production.

Speaking with The Tri-

i bune from the company’s
? head office in Chicago yes-
i terday,
i Bahamas Limited’s gener-
? al manager Glen Bannister
i said they fully expect to
i rehire those laid off, hope-
:? fully early in the new year,
i once production levels
? return to normal.

Morton Salt

“We have had 25 per cent

i more rain than normal for
i? this time period. We are at
i? the mercy of the weather so
i we can’t say when we will
i be back up to normal oper-
? ation. But we anticipate it
i would be at least until the
i beginning of next year
i before we can say,” he said.

With a current staff com-

plement of 144 people, Mr
i Bannister said they expect

SEE page eight

_ FIRM ADVISED PLP
- GOVT ‘NOT TO GIVE
_ ATLANTIS MORE

- CONCESSIONS’

? By TANEKA THOMPSON

i Tribune Staff Reporter
; tthompson@tribunemedia.net

A PRIVATE consultan-

i cy firm advised the former
i administration not to give
? more concessions to Atlantis
i during negotiations for its
i phase three project because
i the mega-resort was already

"sufficiently profitable," for-

mer Prime Minister Perry
i Christie told The Tribune
i yesterday.

The Opposition leader

i said despite this advice, his
i administration gave Kerzner
i International concessions
? worth 20 per cent of its
i investment. He added that
i when negotiating the Baha
i Mar deal during his term in
i office he sought local and
i international legal advice to
? ensure he did not violate the
i most favoured nation clause
? in government's Heads of
i Agreement signed with
i Kerzner International in
? 1993 and strengthened in
i 2003.

"We commissioned this

i company, HVS, to engage
i in a report to examine the
i question of concessions,
i because we were negotiat-
i ing the third phase of

SEE page eight

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PAGE 2, TUESDAY, NOVEMBER 23, 2010 THE TRIBUNE
LOCAL NEWS

BAIN TOVVN DISTURBANCE: AFTERMATH







Community elders
give their views

One day after the mayhem sparked by the fatal shooting of
19-year-old Sharmoco Newbold by a police officer in Bain Town,
community elders give their perspective.



Felipé Major/Tribune staff

BURNING RAGE: A scene of mayhem in Bain Town.

PROPHET EZEKIAL JOHNSON
51-year-old resident of Hospital Lane



G G This is one of the most prestigious zones in the
whole of Bain Town; this ain’t the zone where you
can come fire a shot. If Hospital Lane was a gang-
banging place, people would have said “Yeah, that

corner around there, they always shooting people up, making
problems,’ instead of coming here and reacting the way they
did.

“The commissioner grow up under me, we see eye-to-eye
on many things before he even think to be a commissioner.
Same thing with brother Marvin Dames — I used to watch
him run around here in his little shorts. This just to show you
the closeness between people who haven’t made a connec-
tion with the community for a long time until this come
about. See, you don’t need to make a connection when this
come about — you need to make a connection before this
come about.

“So I say they was slow in dealing with the community.
You could come deal with the young fellas —- remember I
don’t have a problem with that — but you should also check
the elders among you to find out exactly what’s taking place.

“This come about due to the lack of interest in making
connections with poor people. See when you poor, we don’t
want too much to do with you.

“Get a little closer with your community, check your peo-
ple, they will tell you the pros and cons. They will tell you
what is right and what is wrong. At the end of the day that’s
just our downfall.”

JULIETTE BARNWELL
76-year-old resident of Hospital Lane since 1976



6 6 I wasn’t here Saturday when the shooting occurred,
but see, what I can’t understand, the police are
always harassing these boys. I have come home
many a day and they (police) see the crowd over

there and they go over there and they search them and then
they leave because they don’t find anything. I don’t think it’s
fair the way they treat them.

“Tm not saying they’re angels you know, but I mean treat
people like human beings.

“To see these young boys, they were all in tears. I felt that
myself. I have never seen so many young persons — mostly
the boys — were crying. They were really crying.

“T can’t understand why he ran, I don’t know, but even if
he ran and he was shot, there must have been a way to shoot
at a body without killing. There must have been a better way
to shoot. I don’t think you had to shoot to kill.

“[’m not saying they should not shoot, but there must be a
way to shoot to wound rather than shoot to kill. That could
have been anybody, and then the people have children over
there, in the apartments.”



PHOTOS: Tim Clarke/Tribune staff

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



THE TRIBUNE



TUESDAY, NOVEMBER 238, 2010, PAGE 3

POLICE IN BAIN TOWN

By AVA TURNQUEST
Tribune Staff Reporter
aturnquest@tribunemedia.net

CONFIDENT that police
action in Bain Town this Sat-
urday was extreme and unnec-
essary, family members of 19-
year-old Bradley Sharmoco
Newbold are demanding a
change of approach to current
law enforcement strategies.

In an interview with The Tri-
bune early yesterday morning,
loved ones called for greater
respect and empathy towards
residents of inner-city commu-
nities by police.

Police Commissioner Elli-
son Greenslade promised the
family members and concerned
residents, who are demanding
answers for Mr Newbold’s fatal
shooting, that an update on the
matter would be given this
evening.

Mr Greenslade said: “We
had a very productive meeting
with members of the family —
all still grieving — quite a loss
for them, and, of course, they
had a lot of questions. We
promised them in the shortest
possible time we will have clear

answers to every single ques-
tion that they posed — and that
is a commitment.”

At Princess Margaret Hos-
pital yesterday to identify Mr
Newbold’s body, family mem-
bers said that although they are
cooperating with the police
investigation, they remain dis-
satisfied with police actions and
unconvinced of Mr Newbold’s
culpability.

One relative said: “They
took too long to take control
of the situation, it took them
an hour to get there after they
already gunned him down. It
could have been avoided. Their
approach needs to be more car-
ing to these people. Just
because it’s Bain Town that
doesn’t mean everyone is illit-
erate. They need to be com-
passionate. We understand that
they need to carry out the law,
but they have to be profession-
al with their job. They harass
these young people, they make
criminals out of these young
people.”

The sentiments expressed by
relatives were echoed by resi-
dents throughout the Hospital
Lane area yesterday, who



Family demands a change to
police approach after shooting

remain emotionally charged
over the death of a well-known
member of their community.

The young man, who lost
both parents before he became
a teenager, was said to be the
sole provider for his grand-
mother and siblings. Accord-
ing to relatives, Mr Newbold
was currently enrolled at BTVI
and worked as a delivery boy
for Butler’s Bargain Mart.

After news of his death by a
police officer spread through-
out the community on Satur-
day, police reinforcements,
members of the media and res-
idents were pelted with stones,
a squad car was burnt to a shell,
and a ZNS vehicle was severe-
ly damaged.

Another relative added: “It
wasn’t a riot basically a few
people who got angry about
what the police were doing. The
people from the community —
they said they were tired of the
police coming in and harassing
the community, belittling the
people. Harassing them just
because we are people from
Bain Town. The police treat
them totally different, they
would never go to the West and

Two more shootings over weekend

TWO shootings occurred
Sunday night, bringing the
number of people killed or
injured by knives or guns
over the weekend to seven.

Just after 9.30, police were
called to a shooting on
Eneas Street, between Poin-
ciana Avenue and Meadow
Street.

Witnesses said the victim
and another man were
standing together when two
men in a Nissan Altima
pulled up.

The passenger pulled out
a handgun and fired several
shots, hitting the 24-year-old
victim in the hand.

He was taken to hospital
in a private car, was treated
and discharged.

Police say they are fol-
lowing significant leads in
connection with the matter.

"Its not a bad idea to
consult your mechanic
before adding more
than a quart of oil,
between service
intervals,”







A few hours later, at 11.30
pm, police were called to the
scene of a shooting in Gam-
bier Village.

Two men were walking
near a bar when a person or
persons reportedly got out
of a black jeep and fired
shots at them.

One of the men was hit
several times. He was taken
to hospital in a private car
and is listed in serious, but
stable condition.

These incidents came after

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a man was injured in a
shooting in Carmichael
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and killed during an armed
robbery; a man was mur-
dered on his doorstep on
Bacardi Road; another man
was stabbed to death at Fort
Charlotte; and 19-year-old
Sharmoco Newbold was
shot by police during an inci-
dent in Bain Town.

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PAGE 4, TUESDAY, NOVEMBER 23, 2010

THE TRIBUNE





EDITORIAL/LETTERS TO THE EDITOR

The Tribune Limited

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

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

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

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

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

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

Publisher/Editor 1972-

Published Daily Monday to Saturday

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

TELEPHONES
Switchboard (News, Circulation and Advertising) 322-1986
Advertising Manager - (242) 502-2352
Circulation Department - (242) 502-2387
Nassau Fax: - (242) 328-2398
Freeport, Grand Bahama: 1-(242)-352-6608

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

Land left to Bahamians part of the deal

SOMEONE ASKED if we thought it true
the reason Opposition Leader Perry Christie
gave as to why he did not sign off on the
Baha Mar project before the 2007 election.
At the time — two days before the election
— Mr Christie, in his final hours as prime
minister, was still dealing with the project.
Apparently, Mr Christie has said that the
election was so near that it would not have
been fair to have closed the deal at that time
— remembering, of course, that it was a
matter that had engaged his mind and his
time for almost all of his five years in office.

Obviously, Mr Christie, confident of win-
ning the election, decided it best to leave
“sleeping dogs lie.” After the election he
could present the House with a final docu-
ment, secret agreements and all. There might
have been a public outcry, but his election
would have been secured and he would have
been in a position to sit back and tune out
the grumbling.

Whether this was the real reason for not
signing before the election we do not know.
However, we do know that he would have
scuttled his election if all the Baha Mar spe-
cial “deals” were known before voters went
to the polls.

Bahamians, were already agitated about
what the sip-sip was spreading about the
“secret clauses.” And so, in our opinion, Mr
Christie, being a true politician, thought it
wiser to tip-toe around those clauses until
after the election.

As a result Prime Minister Ingraham has
been left with the unenviable task of unrav-
elling a rather confused situation.

Although Prime Minister Ingraham dealt
in detail in the House of Assembly with the
land involved in the Baha Mar deal, readers
are still asking questions. They are particu-
larly concerned about what would happen to
the 264.965 acres of Cable Beach land should
the project fail.

Mr Ingraham was very clear on this point.
He told the House on November 18:

“Tt is the view of my Government that it is
an untenable position to permit any foreign
state to own land in the Bahamas. Under
the law, any financial institution providing
funding for a development in the Bahamas
has a number of alternatives to protect their
interest should that project fail. One of these
protections is foreclosure... Should this pro-
ject not succeed, and I have no reason to
believe that it will not, and should I be in the
position that I now hold, my Government
would not agree to foreclosure on these

properties (previously Crown land) to any
foreign state or any entity which is owned by

a foreign state.”

And so, should he still be prime minister,
and should the project fail — which he
doubted — Cable Beach would not be
owned by a foreign state — it will remain the
property of the Bahamas.

Mr Ingraham went to great lengths to
differentiate between government-owned
land, which could be sold, and Crown land,
which was not for sale. The Christie admin-
istration sold both.

Mr Ingraham said that the Opposition
had tried to equate the sale of the two gov-
ernment-owned hotels during the first FNM
administration in the mid-1990s by the Hotel
Corporation to the sale of leased Crown
land agreed by the Christie administration in
2005.

He pointed out that the hotels sold by the
first FNM administration were freehold
property —not Crown land. They were pur-
chased by the Bahamas government and lat-
er sold by the FNM government.

However, the land on which the Wynd-
ham Crystal Palace Hotel and Casino, the
Sheraton Cable Beach Hotel and the Nassau
Beach Hotel sit was Crown land — not free-
hold — which, said Mr Ingraham, “has from
time immemorial been long leased for devel-
opment, but never sold, to the private sector
by each government of the Bahamas
whether prior to Independence or after—
that is not until 2005 when it was sold” by the
Christie government.

“The Hobby Hall parcel and the Cable
Beach Golf Course was private land con-
veyed to the Government of The Bahamas
for the perpetual benefit of the Bahamian
people. It's ownership in trust for the
Bahamian people has been respected by suc-
cessive Bahamian governments whether
UBP, PLP or FNM — up to 2005.”

How this gift to the Bahamian people
could have been part of a deal with Baha
Mar is beyond us. We believe this was the
parcel of land owned by the Oakes Estate
and left in perpetuity for Bahamians.

Mr Ingraham said that the 2005 agreement
signed between the Christie government and
Baha Mar, “set terms determining condi-
tions under which the Government must
transfer certain parcels in fee simple to Baha
Mar.”

This is the tangled web that Mr Christie
left behind and which Mr Ingraham is now
trying to untangle.



Missing pieces
of the Baha
Mar puzzle

LETTERS

EDITOR, The Tribune.

While I see myself as a rel-
atively intelligent person I
admit that I do not know
everything. That being said, I
feel I am not the only
Bahamian missing some
pieces of the Baha Mar puz-
ale.

The newspapers we have
reported that, $400 million in
construction work will go to
Bahamian firms. 8000 Chi-
nese will be employed along
with about 3000 (maximum
4,500) Bahamians. All this
from a $2.6 billion resort
development. Yay!! This is
great, undoubtedly for the
Chinese as well as the
Bahamas. I do have some
questions. The water and sew-
erage corporation does not
have sufficient supply to pro-
vide Seabreeze lane with

letters@tribunemedia.net



water during peak supply
hours between 6am-7am or
9pm-10pm even when both
barges are running. How will
they maintain the supply for
8,000 more people and a mon-
ster construction project at
the same time? If they do
make sure the development
has water what will be the
impact on the rest of New
Providence’s water supply?
Secondly, There has not
been another development
rivaling Atlantis for years on
this island and the power sup-
ply issues raised earlier this
year still have not been
resolved. How will we pro-
vide power for another resort
development of this size? If

we do provide them with the
power, how many Bahamians
will go without? Tourism is
our economy’s flotation
device and the flow of guest
dollars keeps each hotel buoy-
ant. How can we expect our
small hotels to remain func-
tioning when the current 65
per cent occupancy is divided
further by such a huge hotel?
I see no view of the future in
this development, no desire
to protect or enhance the
Bahamian way of life. Isee a
front loaded investment des-
tined to fail on the Cable
Beach foreshore. I do not see
sustainability. We as Bahami-
ans need to stand against this
type of development.

ANCILLENO DAVIS,
M Sc

Nassau,

November 19, 2010.

Proud of way the PM is batting
for Bahamians over Baha Mar

EDITOR, The Tribune.

Please allow me to say how proud I am of
our Prime Minister, The Right Honourable
Hubert Alexander Ingraham and the fine job
he is doing in guiding our country through

these difficult times.

Iam especially proud of the way he is going
to bat for the Bahamian people as it relates to
the Baha Mar project. Every intelligent right
thinking Bahamian should be supporting him.

is why Ingraham’s challenge to China is so
precedent setting. And as the title to this com-

mentary indicates, ‘China putting the squeeze
on the Bahamas’ it behooves all leaders in our
region to support, and be prepared to emulate,
the stand he’s taking: for together we must

stand, divided we fall.”

I urge regional leaders to publish an open
letter of support to show solidarity with Ingra-
ham when he addresses this labour issue with
Chinese officials later this month, (October) in

He is not only standing up for our rights but
also our sovereignty as a people and a nation.

Weak brainwashed Bahamians must stop
“politicking” with the opposition and truly see

China no less...

Every Bahamian should get a copy of this
article and read it in its entirety.

They should also view the movie: “China

the good in what our Prime Minister is doing
for our country before it is too late!
They need to read an article that appeared in

The Nassau Guardian’s the national review —

Monday, October 25, 2010. It is written by
Anthony L Hall, International lawyer and
political consultant headquartered in Wash-
ington, DC. He is a descendent of Turks and
Caicos Islands. In part he said, a I quote: “This

Nassau,

Cry”— a true story of a Chinese woman and
how she was treated because she refused to
renounce her Christianity.

DEREK GRAY
October, 2010.

(This letter was written before Mr Ingra-
ham’s trip to China. — Ed).

Kerzner entitled to take issue with
concessions given to Baha Mar project

EDITOR, The Tribune.

Mr Kerzner is well within
his rights to take issue with
the level of concessions giv-
en to the Baha Mar project;
especially the real estate com-
ponent. The general consen-
sus has always been that Baha
Mar was an attempt by the
Christie administration to sur-
pass what the Ingraham





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administration has achieved
with Atlantis. Historically, the
relationship between the PLP
and the Kerzner Group has
always been strained since
their attempts to enter the
local market at an earlier time
was not met with a favourable
response.

There were many in South
Africa who took issue with
Mr Kerzner, especially the
tribal land owners whose ter-
ritories were negatively
impacted by his business ven-
tures — Sun City comes to
mind. However, the cost of
“doing business” has always
been a socio-cultural sticking
point that politicians have
always used to their advan-
tage, but, this obvious indis-
cretion that will be placed on
the doorstep of the past
Christie administration is war-
ranted.

Governments need to be
reminded that they are
responsible for what they
meet in the works if there is a
change in administrations and
the FNM has to be congratu-
lated on the way they go
about doing the business of
the country and most of their
work has been that of clean-
ing up, straightening up or
regulating.

The PLP under its present
leadership is able to talk a
good game, to the point of
presenting new ventures, but
they seem to be clueless about
the working-out of the details.
It is like they tell us where we
are going, but need the FNM
to get us there.

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THE TRIBUNE

Police kill man wanted

TUESDAY, NOVEMBER 23, 2010, PAGE 5
LOCAL NEWS

FREE IN SATURDAY'S TRIBUNE

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for questioning over
attempted murder

REPORTS reached The
Tribune late last night that
38-year-old Walden Mitchell,
who was wanted for ques-
tioning in connection with
the attempted murder of a
police officer, was shot
dead by police on Robinson
Road.

Mitchell was wanted for
questioning after PC 3331
Johnson was reportedly shot
in the face by a fleeing sus-
pect just after 6am on Mon-
day.

The incident occurred
while PC Johnson and other
officers were on routine
patrol near the corner of
Palm Tree Avenue and 3rd
Street in Coconut Grove.

They reportedly saw a man
who was wanted for ques-

tioning in connection with a firearms com-

plaint.

When the officers approached the suspect,



WALDEN MITCHELL

he reportedly opened fire,
hitting PC Johnson in the
jaw.

The officer was rushed to
hospital in the patrol car and
is now listed in stable condi-
tion.

Mitchell’s last known
address was Roland Street in
New Providence.

Police also reported that an
armed robbery took place at
around 3am on Monday in
the parking lot of Common-
wealth Bank on East Bay
Street.

A 22-year-old Carmichael
Road man was reportedly in
the parking lot when he was
approached by two other
men, one of them armed with
a handgun.

They robbed the victim of

his jewelry and fled the area heading in an

unknown direction.

Police are investigating both incidents.

Police search for one-eyed man in
connection with rape allegation



LL BETTER NOT
Tick ME OFF !1!

POLICE in Grand
Bahama want to question
Savanna Sound, Eleuthera
native Randy Albert Gib-
son, alias Randy Rolle, in
connection with a rape alle-
gation.

Mr Gibson, 50, is
described as being of light
brown complexion and mus-
cular build, with dark brown
eyes and short hair.

He is 5°11” tall, weighs
170-190 Ibs, speaks with a

4

LAS

stammer and has only one
eye.

His last known address
was 143 Market Street, Nas-
sau.

Police say Gibson should
be presumed to be armed
and extremely dangerous.

Anyone with information
concerning his whereabouts
should call Grand Bahama
police on 352-9774/5 or 350-
3107/8, or 911 immediate-

ly.

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pair convicted of baby manslaughter

By NATARIO McKENZIE
Tribune Staff Reporter
nmckenzie@tribunemedia. net

ATTORNEYS represent-
ing a mother and her former
boyfriend convicted of
manslaughter in the 2007
death of her one-year-old
son yesterday appealed to
the judge in the case to be
lenient in sentencing the pair.

Makisha Brown, 25, and
Leroy Rolle, 20, were con-
victed of manslaughter in the
death of Levano Brown in
mid-September.

The child reportedly suf-
fered blunt force trauma to
the head and abdomen, lac-
erations to the head and
bruises about the body on

CONVICTED: Makisha Brown, 25,
and Leroy Rolle, 20

March 7, 2007.

Brown and Rolle were
acquitted on a murder charge
but were convicted on the
alternative charge of inten-

ARMED ROBBERIES INVESTIGATED

By DENISE MAYCOCK
Tribune Freeport Reporter
dmaycock@tribunemedia.net

FREEPORT - Grand Bahama Police are investigating two
separate armed robberies.

Asst Supt Hector Delva reported that the first occurred
around 11.12pm on Sunday in the Lucaya area.

Aman reported to police that after arriving at his home, he
was attacked in his bedroom by someone armed with a knife.

He said the culprit, who was accompanied by another person,
tied him up and robbed him of a black 19” Flat screen televi-
sion, a silver satellite receiver, and a gold chain with a cross
charm, together valued $1,400, and a wallet containing personal
items.

ASP Delva said the culprits then left in the man’s red Ford
Ranger truck licence plate number 6632.

Several hours later, police received a report of another
armed robbery in the Eight Mile Rock area.

The male victim reported that three armed men forced their
way into his home sometime around 3am.

The culprits robbed him of an undetermined amount of
cash and fled the scene on foot.

The matters are being investigated by officers from the Cen-
tral Detective Unit.



\ YELLOW

tional manslaughter.

Brown and Rolle were
back in the Supreme Court
yesterday for a sentencing
hearing before Senior Justice
Anita Allen.

Attorney Daron Bain, who
represents Brown, told the
court that his client had had
a troublesome childhood and
had found herself in an
unfortunate situation. He
also noted that Brown had
not had a good relationship
with her mother, a relation-
ship which he said has since
improved.

According to Mr Bain,
Brown now has a more sta-
ble environment and is the
mother of a five-month-old
girl.

He submitted that Brown
has already paid, having lost
one child, and asked the
court to be lenient in sen-
tencing.

Attorney Dorsey McPhee,
who represents Rolle, asked
Senior Justice Allen to take
into consideration the fact
that his client was 17 years
old at the time the offence
was committed, and that he
has already been incarcerat-
ed for almost 29 months. Mr
McPhee asked the judge to
be as lenient as possible in
sentencing his client.

Senior Justice Allen
deferred sentencing to

Thursday morning.








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PAGE 6, TUESDAY, NOVEMBER 23, 2010

THE TRIBUNE



LOCAL NEWS

Letisha Henderson/BIS

Robinson Road to
Prince Charles is
closed to install pipe

By KATHRYN
CAMPBELL

MOTORISTS are urged
to plan their journeys ahead
of time and leave home ear-
lier with yesterday’s closure
of Robinson Road to Sol-
dier Road beginning from
the intersection at Grace
Avenue and Old Trail
Road. The road is being
closed to facilitate the instal-
lation of a 24-inch pipe.

Charlene Collie-Harris,
engineer and public rela-
tions officer for the Ministry
of Public Works and Trans-
port, said the roadway
would be under “full road
closure” as the existing
pavement does not allow
traffic to flow while the pipe
is being installed.

“The work is taking up
much of the roadway now
(from Marathon Road to
Grace Avenue) and we
have another area on the
entire roadway to install this
water and sewer pipe.
We’ve only been able to
grant one lane of traffic in
each direction,” she said.

Ms Collie-Harris
expressed satisfaction with
the 700 ft of pipe that has
already been installed since
work began between Old
Trail and Marathon Road

eee a al

PRINCE CHARLES DRIVE
Corridor 13B

The intersection of Sayle Avenue and Old Trail Road will be
affected as the works progress eastbound along Robinson Road

to Prince Charles Drive.

PHASE II
Motorists travelling in the following directions should divert to
the specified routes indicated below or seek an alternate route to
their destination.
Old Trail Road: Motorists should use Soldier Road as an alter-
nate route.
Sayle Avenue: Motorists should use Marathon Road and Samana

Drive as an alternate route.

PHASE III

The next phase is to commence upon completion of the newly
installed 24-inch water main pipe at the intersection of Sayle

Avenue and Old Trail Road.

Motorists travelling east-bound on Robinson Road towards
Prince Charles Drive should divert onto Old Trail Road and Soldier
Road and continue to their destination.

While the works are ongoing, access will be granted to residents
and local businesses that may be affected during the construction

phases.

The public is advised to drive with caution as they approach the
work zone, obey the flagmen, observe the signage defining the
work area and use the alternate routes provided.

on November 15. She said
contractors are progressing
well and the work should be
completed before the
Christmas holidays.

In keeping with contract
specifications, work on the
New Providence Road

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Improvement Project is
expected to wrap up for the
holidays as of December 15.

“From the week of
December 15 leading up to
December 22 the contrac-



CHARLENE COLLIE-HARRIS, engineer and public relations representative for the New Providence Road
Improvement Project, along with Sgt Garland Rolle of the Traffic Division of the Royal Bahamas Police Force
ask motorists to exercise caution while Robinson Road from Grace Avenue to Old Trail Road is closed begin-

ning yesterday.

tor will be making the site
safe and ready for traffic. If
there is an area that is open,
that area will be closed
regardless of the completion
of the work. We have a
specification that we must
follow. During the Christ-
mas holidays no construc-
tion work is allowed to take
place. The work will com-
mence as early as January
6, 2011,” Ms Collie-Harris
said.

In addition to an
“extremely” nice, new road-
way, Ms Collie-Harris said

the public can look forward
to new underground infra-
structure and a smooth flow
of traffic once the work is
completed.

“Once we’ve completed
the New Providence Road
Infrastructure programme
we should expect to reap
the benefits.

“We acknowledge that
there is still much traffic as
the amount of vehicles on
the road has not changed.
However, the flow is con-
sistent as long as you make
a Steady speed, plan where

you want to go and choose
your lanes wisely,” she said.

On behalf of the Ministry
of Public Works and Trans-
port, she apologised to the
public, business owners, res-
idents and motorists for any
inconvenience caused. We
are leaning heavily on the
police for their assistance
with enforcement on the
roadways and we’re asking
the public to abide by the
rules and pay attention to
the traffic management
measures in place,” she
added.

By GLADSTONE
THURSTON

FOOD processing has
taken on added impetus
thanks to a new unit estab-
lished by Bahamas Agricul-
tural and Industrial Corpo-
ration (BAIC).

Headed by senior food
processing officer Tonjia
Burrows, the unit recently
completed a series of work-
shops on how to add value
to locally grown produce.

“We throw away far too
much food that could be
preserved in various forms
and used when needed,”
said BAIC executive chair-
man Edison Key.

“As the old folks use to
say: waste not want not.
Food processing and
preservation will definitely
go a long way toward
national food security.”

Toward that end, Mrs
Burrows and her team have
been on a mission to make
Bahamians aware of the
importance of food pro-
cessing.

“We want to empower
Bahamians to be self-suffi-
cient,” said Mrs Burrows.
“For too long we have been
depending on others to pro-
vide for us. As an indepen-
dent nation we must take
care of ourselves.”

She said workshops in
Exuma, Andros, Abaco and
Eleuthera were over-sub-



BAIC SENIOR FOOD PROCESSING OFFICER Tonjia Burrows learning how to make soy milk during

a workshop in Belize.

scribed with participants
“eager to learn.”

“A lot of fruit and veg-
etables go to waste because
no market is found for
them,” she said.

“This is an opportunity
for Bahamians to take farm
produce that might have
otherwise gone to waste
and turn them into viable
products.”

As an employee of the
Ministry of Agriculture,
Mrs Burrows studied under

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senior food processing offi-
cer Keith Daley.

Shortly after joining
BAIC she was asked to
take on the challenge.

She furthered her studies
in food processing at the
Ministries of Agriculture in
Jamaica and Belize with the
assistance of the Inter-
American Institute for
Cooperation on Agricul-
ture.

“There are many aspects
of the food processing
industry — juices, chips,
dehydrated fruit and veg-
etables, pickling, jams, jel-
lies, pepper sauces, spices —
the list goes on and on. All
of them can be produced
right here in the Bahamas.

“When we teach the basic
food processing technique
we try to get Bahamians to
be more creative.

“And this is an additional
way for them to understand
the safety mechanisms that
go along with preserving
food,” Mrs Burrows said.

With the spotlight on



New Providence, next year
the focus will be on cheeses,
soy milk, herbs and spices.

Dehydration is a method
of food preservation catch-
ing the interest of Bahami-
ans.

“During tomato season,
for example,” she said, “we
throw away a lot of toma-
toes that do not meet the
grade 1 standard. We can
dry tomatoes and turn them
into powder which is used
for sauces and other prepa-
rations.

“And that is just one of
many ways to process toma-
toes and have them avail-
able all year round.

“The same can be done
for other native fruit and
vegetables.

“We encourage Bahami-
an farmers to add value to
their produce through pro-
cessing.

“Tam very passionate
about this because it is very
important that we learn
how to take care of our-
selves,” Mrs Burrows said.

BAIC SENIOR
FOOD PROCESS-
ING OFFICER
Tonjia Burrows
(right) and work-
shop participants
sample banana
chips.



PAGE 8, TUESDAY, NOVEMBER 23, 2010

THE TRIBUNE



LOCAL NEWS

Tensions remain
nigh in Bain town

FROM page one

"shots rang out from both
sides and a short while there-
after it was confirmed that a
young adult male resident in
the area was deceased."

Police reinforcements,
members of the media and
residents were pelted with
stones, a squad car was burnt
to a shell, and a ZNS vehicle
was severely damaged by
people protesting the shoot-
ing on Saturday.

Speaking to members of
the press yesterday, Mr
Greenslade said: “Generali-
sations are a little dangerous,

Alc \a/C

in respect to police officers
being corrupt, we have our
fair share of problems.
Where we have reports that
have been made, properly
investigated, we have taken
swift and decisive actions
against our very own. In this
incident it will be no differ-
ent.”

However, some residents
remain unconvinced. For
some in the community, par-
ticularly the close friends and
neighbours of Mr Newbold
and his family, the circum-
stances of his death were
unforgivable and sympto-
matic of a severely deterio-

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rated relationship between
police and the community.

During the police walka-
bout of the area, one resident
said: “Something like this,
this could be over in a minute
you know. It could just settle
down and die, as long as the
truth be told. See this get
something, the repercussion
of this is the truth not being
told. The box would be put in
the grave with lies on him,
whosoever doing it, or
whosoever think they could
get away with it.”

In Hospital Lane yester-
day, young men told of a life
where they are constantly
harassed and verbally mis-
treated by police, and that

WALKABOUT: Police officers including Commis
Greenslade (above) talk to Bain Town residents yesterday.

sioner Ellison



the constant degradation of
their character is a major
deterrent to any attempt to
better themselves.

One resident said: “They
think just because this is the
ghetto we don’t have no
knowledge. We smart just
like anyone of them. Ain’t
no one dumb - we been to
school too. Everyone around
here can read and write — no
one is dumb and stupid. We
know right from wrong. We
got family and feelings too.
Just because we live in the
ghetto doesn’t mean we are
of the ghetto.”

In response to questions
placed by The Tribune
towards whether or not the

police force was considering a
change in approach follow-
ing the concerns levied by
residents, Mr Greenslade
noted that while it was a chal-
lenging situation, he felt the
disenfranchisement experi-
enced was not specific to the
police.

Mr Greenslade said: “I
don’t want to paint a picture
that is skewered. We had a
bad situation here on Satur-
day. You will always have a
minority of people who will
let you down, in your organ-
isation and within the wider
community. ’m saying that




where those things are
reported to us, we do what
we can to resolve. We did
come to office with this
mantra of care, respect and
trust.

“Treating people properly
in the organisation and treat-
ing people properly outside
of the organisation.”

He added: “There is a lot
of work to be done, ’m not
sidestepping you, there’s a lot
of work to be done, but fin-
ger-pointing isn’t going to
solve the problem.

“This is not a police issue,
this is a Bahamian issue.”

CHRISTIE: BAIN TOWN EVENTS A CONSEQUENCE OF GOVT FAILURE

FROM page one

ment — while removing officers from
Urban Renewal community outreach
centres.

"Tt is a major warning, a call to action,
a summons for us to do something more
and better than we are doing now,” said
the PLP leader.

“Tt is not enough to say I am going to
fix the judiciary and justice system. There
must be a major social thrust that will
get people to understand that they must
help themselves and their community.

"Tam very disappointed in the FNM's
lack of real effort to put their finger on
the causes of crime, the pulse, that could
keep them abreast to the anger that is in
these communities."

Mr Christie touted Urban Renewal as
being instrumental in fostering a closer

relationship between police and residents
of inner city communities — something
he thinks is lacking today.

"Urban Renewal as we implemented it
through community policing would have
enabled, as it did in our time, the Gov-
ernment to have a finger on the pulse of
the community to ensure that it under-
stands what was taking place and have a
way of preventing what was taking place.

"Now they are just doing strict polic-
ing, providing the resources to the police
and I think more is necessary. There is an
increased need for the country to have
programmes that will enable us to know
that we have identified the problem and
that we are trying to fix them — I don't
see evidence of this."

Anger in Bain Town led to chaos after
a reserve police officer shot and killed a
19-year-old youth. Some people in the
area then turned on police reinforce-

ments, the media and residents pelting
them with stones, setting a squad car on
fire, and damaging a ZNS vehicle.

The Farm Road MP said the violence
is reminiscent of similar altercations that
took place in the Kemp Road and Nas-
sau Village communities and underscores
the reality that many in our society lack
conflict resolution skills.

"When this kind of explosion takes
place, it is evidence of what happened
in Kemp Road in Nassau Village, it is
going out of control.

“Ordinarily we try to be very resolute
to our approach to crime and the fear
of crime by trying to depoliticise it. But as
opposition we have to put pressure on
government to broaden its approach and
not rely simply on military policing pro-
grammes.

“There must be companion pro-
grammes which will (augment) police."

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FROM page one

Atlantis," said Mr Christie.

He explained that for the
phase one of Atlantis, the
developers were given con-
cessions worth 45 per cent of
their investment and 38 per
cent for the second phase.

"The company determined
that Atlantis was sufficiently
profitable so as not to have
to depend on the concession
request but when my gov-
ernment reviewed it we
agreed to give concessions.
What in fact we did, we tai-
lored the concessions to be
significantly lower than the
concessions given by the
Ingraham government for
phase one and two".

When it came time for ear-
ly Baha Mar negotiations,
Mr Christie said: "All along
we were keeping it under 20
per cent for Baha Mar (con-
cessions) adding that his
administration is "blameless"
for the new Baha Mar deal
that has aroused the ire of
company CEO Sir Sol

FIRM ADVISED PLP GOVT ‘NOT TO
GIVE ATLANTIS MORE CONCESSIONS’

Kerzner.

He said he is "disappoint-
ed" that Sir Sol singled the
Progressive Liberal Party
administration out last week
for its support of the $2 bil-
lion project, the CEO con-
tends violates the MFN
clause.

"Tam disappointed that he
would have arrived at that
level of disappointment with-
out discussing it with me
first. | would have been in a
position to explain to him
that at all material times I
took pains to ensure that we
were not in breach (of the
Most Favoured Nation
clause with Atlantis) and I
took legal advice to ensure
that we were not in breach."

Last week in a rare public
statement, Sir Sol told the
media that 8,000 jobs at
Atlantis could be put at risk
if Baha Mar is approved in

its current state. A senior
Kerzner official added that
Atlantis’ Phase IV will likely
"not be seen within our life-
time” due to the Cable
Beach redevelopment.

Mr Christie yesterday
expressed disappointment
that these concerns played
out in the media and said
government should have put
Sir Sol's concerns to rest
ahead of the Parliamentary
debate and passing of the
Baha Mar labour resolution.

"I'm disappointed that the
government had allowed this
problem to play out in pub-
lic. I would have thought
these matters ought to have
been settled prior to the
debate (However) Kerzner's
disappointment has to be
based on what happened
after 2007" when the Free
National Movement assumed
office.

50% of Morton Salt
staff set to be laid off

FROM page one

to send home half. However, he stressed no
one at the company was being made redun-
dant.

“We realise this is a very sensitive period
with the holidays, so we are working with the
unions to try to minimise the impact of the
employees being affected. They will be going
on lay off but will retain all of their benefits
such as insurance and the like, and as soon as
we are able to return to normal operations
everyone will be brought back to work.”

In a company statement, Morton Salt said it
will retain its remaining staff complement to
maintain and ship its inventory of previously-
harvested salt and to conduct other necessary
activities, and will recall the laid-off employees
when production is able to resume.

Officials began to notify employees and their
union representatives yesterday of the impend-
ing terminations.

Mr Bannister said: “This is a difficult situa-
tion for all of us — the company and our
employees — especially around the holidays.

“The company is limited in what we can do
to lessen the impact, but we will try to do what
we can. What is most important is to get
through this in the short-term so we can ensure
the facility is viable for the long-term.

“To a great extent, we rely on the sun to
provide us with salt to produce and sell. Unfor-

tunately the rains have taken away both the
salt and the work. I look forward to better
weather and getting people back to work.”

Morton Salt relies on the arid weather con-
ditions of Inagua to produce salt by allowing
saltwater in ponds to evaporate, which in turn
stimulates the formation of salt crystals at the
bottom of the pond. Excessive rain reverses
this process, the company said, and dissolves
the salt crystals in the ponds, leaving the facil-
ity without a product to harvest.

As such, the company said they will con-
tinue their attempts to mitigate the weather-
related impact, but future weather conditions
will determine how quickly the salt ponds can
be restored and brought back into produc-
tion.

“Once the weather pattern returns to nor-
mal, it will still take time for the evaporation
process to catch up and begin to produce salt.

“We will constantly monitor the situation,
but I believe it won’t be until after the new
year that we will know enough to begin to
estimate when we can resume operations and
bring people back.

“We will keep our employees and others
concerned about this informed as events war-
rant,” Mr Bannister said.

Morton Bahamas Limited is a wholly-owned
subsidiary of Morton Salt, Inc, based in Chica-
go, Illinois. Morton Salt, Inc, is owned by K+S
AG, the world’s leading producer of salt prod-
ucts.

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





ROVALS FIDELITY

es

THE TRIBUNE

Pe he Bm





MORE ‘UNORTHODOX’
CLICO PRACTICES

By NEIL HARTNELL
Tribune Business
Editor

CLICO (Bahamas) liq-
uidator has uncovered
more “unorthodox” prac-
tices that were engaged in
by the insolvent life and
health insurer, including
the use of funds payable to
policyholders to meet rein-
surance premiums, and fail-
ing to obtain Investment
Board approvals - as a for-
eign-owned company - to
purchase Bahamian real
estate.

Craig A. “Tony’ Gomez,
the Baker Tilly Gomez
accountant and partner, in
his fourth report to the
Supreme Court on the
insurer’s liquidation, dis-
closed that while CLICO
Bahamas and its wholly-
owned subsidiary, CLICO
Enterprises, sought
Bahamas Investment
Authority approval to
acquire real estate in the
fashionable Westridge
area, the matter was “nev-
er concluded”.

Mr Gomez is now
attempting to sell the
12.472 acres of land, divid-
ed into 12 lots, at Lake
Point, and the liquidator
added: “My review of the
communication in connec-
tion with the acquisition of
the Westridge Estates
property in and/or during
2006 revealed that the nec-
essary approvals from the
Bahamas Investment
Authority for a foreign per-
son to acquire land in the
Bahamas had not been
concluded. I am currently
reviewing the matter with
the Bahamas Investment
Authority Board.”

And Mr Gomez also dis-
covered that CLICO
(Bahamas) had “adopted
an undocumented prac-
tice” with respect to pay-
ment of its reinsurance pre-
miums to global giant Swiss
Re.

“CLICO would allow
the reinsurer to use funds
payable to CLICO’s ben-

SEE page 5B

The information contained is from a third

| party and The Tribune can not be held
responsible for errors and/or omission
from the daily report

Damianos



TUES os

NOVEMBER 23,

isiness

2010

SECTION B ¢ business@tribunemedia.net

By NEIL HARTNELL
Tribune Business Editor

NEW PROVIDENCE
DEVELOPMENT COMPA-
NY is close to “solving a long-
standing problem” in the
western part of the island with
the pipeline to its wastewater
treatment plant - a total $7
million infrastructure invest-
ment - now 80 per cent com-
plete, and able to “support
growth” in the area.

T. Rhys Duggan, the firm’s
chief executive, in an exclu-
sive interview with Tribune
Business, said that while New
Providence Development
Company had a “full plate”
with ground broken on its $25

* Company moves to ‘solve long-standing problem’ in
western New Providence with wastewater treatment

system investment

* Hoping for ‘positive announcement’ in 30-45 days
on potable water supplies following talks with Water

& Sewerage

* New Providence Development Company has ‘plate
full right now’, although light industrial park on hold

* Just nine lots left for sale in Old Fort Bay, with
positive Baha Mar impact expected

million Old Fort Bay Town
Centre and construction of its
new head office nearing com-
pletion, the current waste-
water situation in the western
part of the island was “not
sustainable” given the area’s

Real estate may
become 30-50% of
Benchmark assets

* BISX-listed firm prepared to invest $2-$3m more in
real estate opportunities in short-term, after reversing
heavy losses with $105k Q3 profit

* Chief executive says performance shows company
‘headed in right direction’, and eyeing improved
results and profit margins in coming quarters with
2011 expected to be better year

* Leases out for further 25% of retail space at
Carmichael Road property, which will generate

$350k per year fully leased

* Loss for first nine months at $1.589m or $0.32 per
share, due to $1.342m investment portfolio losses

By NEIL HARTNELL
Tribune Business Editor

REAL ESTATE could
eventually account for up to
30-50 per cent of Bench-
mark (Bahamas) asset base,
Tribune Business was told
yesterday, the BISX-listed
company being prepared to
invest a further $2-$3 mil-
lion in this area if the right
short-term opportunities
present themselves after
turning a small third quar-
ter profit.

Julian Brown, Benchmark
(Bahamas) president and
chief executive, said that
while the company’s finan-
cial performance had taken
a “hammering” in previous
quarters, largely due to the
slippage in values of both
Bahamian and internation-
ally-listed equities, the com-
pany had managed to gen-
erate a small $105,000 -
$0.02 per share - profit for
the three months to Sep-
tember 30, 2010.

While this was largely
masked by the 2010 first half
performance, which result-
ed in a collective $1.589 mil-
lion net loss for the first nine
months of the year, Mr
Brown said the third quarter
performance indicated

SEE page 4B

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JULIAN BROWN

planned growth.

“It’s actually in the
ground,” Mr Duggan said of
the company’s wastewater
pipeline. “The line’s about 80
per cent complete, and runs
from my office in Mount

UM
NU ee aL
a

By ALISON LOWE
Business Reporter
alowe@tribunemedia.net

STRESSING _ that
Bahamas Telecommuni-
cations Company (BTC)
employees “really don’t
want to work with Cable
& Wireless no matter
what”, the president of
the union representing
the company’s line staff
yesterday said he was
“disappointed” with the
alleged lack of informa-
tion from the Govern-
ment regarding the
details of the pending
sale.

Telecoms industry
sources have indicated
that a signing of the
Memorandum of Under-
standing (MoU) between
the Government and
Cable & Wireless
(LIME), over the sale of
a 51 per cent majority
stake in BTC, could take
place as early as today,
this newspaper reporting
last week that the agree-
ment could be signed “in
a matter of a week or

SEE page 3B



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SEE page 2B

BUILDING STORE CREATES 30 JOBS



Photo by Tim Clarke

Eyes potential expansion from 10,000 to
17,000 sq ft of retail selling space, and
taking on possibly another 10 employees

By ALISON LOWE
Business Reporter
alowe@tribunemedia.net

TAKING on more than 30 employees, and with plans to
expand in coming months, a new Gladstone Road building
and home supply store yesterday said it expects to benefit
from what its owners and others forecast to be a boom in
retail demand in western New Providence.

Wong’s Home Centre, which includes a 10,000 square
foot retail space, is a “one-stop shop” for those seeking
lumber, paint, other building supplies, home, pet and garden
accessories, tools, lighting, plumbing, electrical and auto-

SEE page 3B

3,000 POLICIES GIVEN UP
BY CLICO POLICYHOLDERS

By NEIL HARTNELL

Tribune Business Editor

CLICO (Bahamas) still
faces a $14.202 million
deficit, and saw a further
3,000 policies lapse or sur-
render during the five
months to June 30, 2010, the
insolvent insurer’s liquida-
tor warning that policyhold-

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policyholders still facing
$14.2m loss, with latter
‘losing confidence’ due
to protracted time taken
to transfer policies

* Liquidator moving to
get regulatory and Court
approval for policy port-
folio transfer to Colina





PAGE 2B, TUESDAY, NOVEMBER 23, 2010

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THE TRIBUNE

$7m pipeline
0% complete

FROM page one

“There isn’t one in the west,” Mr Duggan said of
the need for such infrastructure. “Everything just
goes down into deep wells. Clearly, that is not a sus-
tainable situation as the growth of the west contin-
ues.

“It’s just part and parcel of the level of infrastruc-
ture needed to support the growth of the west - a
new retail centre, improved potable water supply,
wastewater treatment.”

Potable water supply in western New Providence
was another issue requiring resolution, and Mr Dug-
gan told Tribune Business: “We’re having very posi-
tive discussions with the Water & Sewerage Corpo-
ration on potable water, and we hope to have a pos-
itive announcement on that in the next 30-45 days.”

New Providence Development Company, which is
owned by Lyford Cay-based billionaire and his busi-
ness partner, Terry White, thus making it an affili-
ate of the $1.4 billion Albany project, has long been
seeking a water and wastewater franchise for the
western part of the island.

Mr Duggan added: “We’re just finishing off our
head office development. That’s in Mount Pleasant,
where our old office was. With our Town Centre,
nine lots left to sell in Old Fort Bay, we’ve got our
plate full right now.”

Focus

With the focus on the Old Fort Bay Town Cen-
tre’s $18 million first phase construction, and com-
pletion of the wastewater treatment plant, Mr Dug-
gan said these initiatives would take priority before
New Providence Development Company “then fig-
ures out what the next big steps are for us”.

The company, though, has kept plans for a 75-acre
light industrial park just south of the Lynden Pin-
dling International Airport (LPIA) on the shelf
until economic and market conditions improve. “It’s
still on hold until we start to see the market coming
back,” Mr Duggan confirmed.

Apart from the ongoing real estate developments
at Lyford Hills, Serenity, Charlotteville and Albany,
he added that the likely imminent start of Baha
Mar’s $2.6 billion Cable Beach redevelopment
would also help the light industrial park get off the
ground.

“The Baha Mar project is very positive for the
type of users that locate in industrial parks, so
we're going to monitor the market, and bring it out
to market when there’s demand,” Mr Duggan told
Tribune Business.

Asked about Baha Mar’s likely impact and spin-
off effects on western New Providence’s develop-
ment, Mr Duggan said: “I can’t quantify what the
impact will be, except to say we expect it to be very
positive.

“When Baha Mar got shelved the first time, we
definitely saw an impact on the western end of the
island. We saw a lot of vacancies in rental proper-
ties, and a corresponding decline in rental values.
When you’re in our business, general retail develop-
ment, more people means more business as well as
more disposable income.”

thurstlay

TEESE
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Mew om ile aa li phesss

Open
Saturdays

10.00am-
2.00pm



THE TRIBUNE



TUESDAY, NOVEMBER 23, 2010, PAGE 3B



Crime ‘totally
out of control’

By ALISON LOWE
Business Reporter
alowe@tribunemedia.net

WITH crime “completely
out of control”, president
of the Bahamas Chamber
of Commerce, Khaalis
Rolle, yesterday expressed
regret about the absence of
a “clear enough strategy to
address every aspect of the
problem”.

“It’s extremely out of
control. The last time I
made a comment on it, I
said we were nearing the
Wild, Wild West and I was
called an alarmist, but at
what point do you raise the
damn alarm?” = said

Mr Rolle.

Asked to comment in the
wake of the outbreak of
violence in Bain Town over
the weekend, which saw a
police car set alight and a
riot squad sent in to the
community after a police-
involved shooting, Mr Rolle
said it would appear crime
is getting “progressively
worse”.

“Time and space are
irrelevant now. I hate to
harp on about it so much,
but we have a clear and
serious problem. There has
to be a plan to address
every aspect of it; there has
to be a mapping that takes
you from where we are to

the desired outcome, and
the social and economic
infrastucture and educa-
tional infraustructure is all
part of that process,” said
Mr Rolle.

In addition to what has
been described as a riot in
Bain Town, last weekend
saw three homicides -
including the shooting
death of a Chinese woman
who was robbed of her car
outside the Montagu Beach
Inn at around 7am on Sun-
day - and at least four other
reported shootings, as well
as numerous armed rob-
beries and stabbings in New
Providence alone.

As far as businesses are

concerned, Mr Rolle said
that added surveillance
equipment and security
guards can in some cases
act as a deterrent to crimes
targeting commercial estab-
lishments, but with the fire-
power held by increasingly
brazen criminals, the Cham-
ber president said the ques-
tion now is: “What level of
protection do you provide
these security guards with?”

“If they are armed and
they know you are
unarmed, you are an easy
target,” he added.

Mr Rolle said the
Bahamas must have an
“honest dialogue” about
the crime problem and

Building store creates 30 jobs

FROM page one

motive products, according
to manager Milly Wong. It
opened on November 17.
“My husband always liked
to fix and build stuff, so this
kind of grew from that. We
always had the property and
didn’t do anything with it,
apart from using it as a
warehouse,” said Mrs Wong,
who operates the store with
her husband, son of the
owner, Brian Wong. Mr
Wong Snr also owns Book-
world and Stationers on
Mackey Street and Meat

Carmichael Road.

The building had once
been a milk factory, and for
a brief period was operated
as a plastic bag factory by
the family.

Over an 18 month period
- “longer than we’d antici-
pated”, according to Mrs
Wong, refurbishment of the
facility took place, turning
it into a 10,000 foot retail
area and incorporating a
7,000 square foot storage
area in the rear. Two addi-
tional warehouses were also
constructed alongside the
original building.

provide figures to Tribune
Business on the investment
made by the family in set-
ting up the store.

However, asked what dif-
ferentiates the store from its
competitors, Mrs Wong said
customers can expect to find
“very competitive prices”
inside, along with a diverse
range of products in one
place.

She added that depending
on how business goes over
the next several months, the
family is looking at the pos-
sibility of expanding the cur-
rent retail space to include

Max and Grocery on

Mrs Wong declined to

the additional 7,000 square

Staff won’t work
with LIME on BTC
‘no matter what’

FROM page one

”

so”.

But Bahamas Communications and Pub-
lic Officers Union (BCPOU) president,
Bernard Evans, said he had expected to
hear more from the Government by now.

“We are hearing [that a signing may take
place today], but we are still disappointed
at this stage of the game that we seem to
just be holding on, waiting for informa-
tion to come from the Office of the Prime
Minister,” said Mr Evans.

“TI reached him on the phone [yesterday
morning, and he] said something along the
lines of that when he gets to the point
where he has something to talk about, he
would let us know. I guess he has not
reached that stage yet.”

Mr Evans said the union’s last formal
meeting with Prime Minister Hubert Ingra-
ham was prior to his October trip to China.

The union is particularly concerned
about the 30 per cent reduction in BTC
staff that has been proposed by Cable &
Wireless if it acquires the 51 per cent stake
in the telecommunications company.

Mr Evans said the union is against such
a move, particularly if it does not come
with separation packages that are as gen-
erous as those that were offered to staff
during lay-offs in the late 1990s.

Speaking to the media after he returned
from China, Mr Ingraham described Cable
& Wireless’ desire to “fire” 30 per cent of
the estimated 1,150 BTC staff if it took
over the company as a “substantial road-
block” in negotiations with the company.

However, Tribune Business sources lat-
er suggested that while the Government
is undoubtedly sensitive to the social, eco-
nomic and political implications of any
move to downsize BTC's workforce by
some 300-400 personnel, its main concern
is understood to be that the process is han-
dled correctly.

Rather than engage in forced redun-
dancies and lay-offs, it is looking for Cable
& Wireless to reduce headcount through
natural attrition - early retirements for
elderly workers, plus voluntary disen-
gagement packages.

Mr Evans said: “We have heard noth-
ing on how it would be done - no informa-
tion on what they are discussing. We do
know [Mr Ingraham] said he would not
support the one-third reduction in staff,
but he didn’t say if it would be a lesser
amount. He did say at one point that
there’d be no downsizing upon the sale of

BTC, so the deal may be no reduction in
staff during the exclusivity period, or only
voluntary separations.

“Before anything is signed we definitely
want to be consulted.

“The Government is the Government
but we are stakeholders, the employees,
and we have something to offer as well,” he
said, adding when asked that the union
will “do what it’s got to do” if this does not
happen.

Mr Evans noted that the BCPOU has
misgivings about the Government’s inten-
tion to sell BTC to Cable & Wireless at all.

“To put it in perspective, we don’t sup-
port this deal no matter what. We don’t
mind privatisation but the union’s posi-
tion given Cable & Wireless’ track record
is that it’s just not a good fit for the
Bahamian people and not for us. So the
number one issue is that we really don’t
want to work for them.

“We honestly believe the corporation
has been so successful being run by
Bahamians and its government-appointed
Board of Directors deciding what it can
and can’t do. It’s been very profitable and
is still trying to keep us on the cutting edge,
so we believe they should divest to
Bahamians.”

A message sent to Minister of State for
Finance Zhivargo Laing seeking comment
yesterday was not returned up to press
time.

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

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



feet at the back of the build-
ing, which is being used as a
warchouse for now.

And if all goes well, an
extra 10 staff are expected
to be hired.

“We foresee that people
are going to want to shop
more in the western part of
the island, rather than going
into town,” said Mrs Wong.

This echoes sentiments
expressed by New Provi-
dence Development Com-
pany chief executive, T.
Rhys Duggan, this week as
he broke ground on the site
of the company’s $18 mil-
lion first phase construction
of its Old Fort Bay Town
Centre, located on Windsor
Field Road, just opposite the
Charlotteville subdivision.




PRESIDENT of the Bahamas
Chamber of Commerce,
Khaalis Rolle

come up with “concrete
interim and long-term
strategies” to begin address-
ing the multi-faceted prob-
lem.

FOR




SHOP SPACE

RENT

Doewnteawn Aras.

Tel. 341-2762

a ae

ee ore

The Annual General

Meeting of St Andrew’s

School Limited will

take

place in the school’s
Library on Wednesday,
8 December, 2010

at 7:00 p.m.

Financial statements and proxy forms
may be obtained from the Business Office

at St Andrew’s School.



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



PAGE 4B, TUESDAY, NOVEMBER 23, 2010

THE TRIBUNE





Real estate may become
30-50% of Benchmark assets

FROM page one

Benchmark (Bahamas) was
“headed in the right direc-
tion”, aided by the con-
struction completion of its
investment property at the
Carmichael Road/Fire Trail
Road junction.

Some 50 per cent of space
at the development, which
is owned by the BISX-listed
company’s Benchmark
Properties subsidiary, has
already been leased to a
Bank of the Bahamas Inter-
national branch and Nassau
Underwriters Agency
(NUA), generating $28,460
in rental income during the
2010 third quarter.

Leases covering a further
25 per cent of available
rental space were already
in the hands of potential
tenants, and Mr Brown said
he “anticipated” several of
these would be signed dur-
ing the 2010 fourth quarter.

“Our inquiries are very
high,” he told Tribune Busi-
ness of the company’s first
real estate investment. “We
have a number of potential
leases out in the market-
place that we’re talking to,
various potential tenants,
and anticipate signing at
least one or two of them in
the third quarter.

“T have no doubt that
place is going to produce
significant profits for us in
the future, and represents
one of our most successful
ventures to date, notwith-
standing that it’s in a weak
economy. We’re beginning
to realise revenue streams
from the Carmichael Road

property.”



“Our inquiries are very
high. We have a number of
potential leases out in the
marketplace that we’re
talking to, various potential
tenants, and anticipate
signing at least one or two of
them in the third quarter.



Julian Brown, Benchmark (Bahamas)
president and chief executive

Mr Brown said the
Carmichael Road property
features some 15,000 square
feet, and will have nine ten-
ants - including Bank of the
Bahamas International and
NUA - when fully leased.
The bank, he added, was
looking to put in a 3,000
square foot mezzanine lev-
el in addition to the 5,000
square feet already leased
to it. The remaining tenants
are all looking at areas
around 1,000 square feet.

Asked how important
real estate would be to
Benchmark (Bahamas)
strategy going forward, and
how much of its business it
would account for, Mr
Brown replied: “That’s an
interesting question.

“At the moment, our net
investment in Carmichael
Road is about $3 million,
so I think that if we’re able
to put in another $2-$3 mil-
lion in the short-term, that
will probably be the cap at

the moment until we grow
the asset base of the com-
pany further.

“Property investments
could account for anywhere
between 30-50 per cent of
the assets of the company,
with the investment port-
folio accounting for the
rest.”

Asked whether the
BISX-listed company,
through Benchmark Prop-
erties, was looking at other
potential real estate prop-
erties, Mr Brown told Tri-
bune Business: “We're def-
initely looking at the
moment. Now we’ve done
with Carmichael Road, and
are well on our way to get-
ting that fully leased, we are
looking at ways to expand
that particular company’s
portfolio.

“We are definitely
analysing the market to see
what is out there. If there
is something out there that
is good, and of interest, we

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will certainly see what we
can do.”

Mr Brown told Tribune
Business that, fully leased,
the Carmichael Road prop-
erty would generate some
$350,000 in rental revenues
per annum, cash flow that
Benchmark (Bahamas)
could look to leverage and
raise extra capital against.

“Now, with the cash flow
coming in when Carmichael
Road is fully leased, we will
be able to leverage more of
the assets. We will have the
ability to raise additional
capital through leverage,”
Mr Brown told Tribune
Business.

While Benchmark
(Bahamas) net loss for the
nine months to September
30, 2010, stood at $0.32 per
share, compared to $0.19
per share for the same peri-
od in 2009, as net realised
and unrealised losses on its
investment portfolios hit
$1.342 million, Mr Brown
said the third quarter results
provided “some good news
that we’re beginning to see
at least not any further fall-
off in the investment port-
folio”.

Describing this as “sta-
bilisation”, he added:
“Whereas we were being
hammered in previous

quarters, this did not recur,
and this is the first quarter
in about four where we’ve
seen positive results
[$195,949 in net
realised/unrealised gains] in
the investment portfolio.”

While the domestic and
international portfolios of
its Benchmark and Alliance
Investment Management
subsidiaries, respectively,
had born the brunt of the
company’s losses, Mr
Brown said: “All in all, it’s a
good report if you look at
the third quarter. The his-
tory is what it is.

“You have to look and
see if we’re making the
right decisions for the way
forward, and the third quar-
ter results indicate we are
headed in the right direc-
tion and making the right
decision. If things improve
as we anticipate they will,
we should see better results
in the coming quarters.

“We actually turned a
profit this quarter when we
made a loss in the 2009
comparative quarter last
year. All in all, in every-
thing continues in the
fourth quarter, as it did in
the third quarter, we should
see improvements in our
profit margin and invest-
ment portfolio.”

Having made adjustments
to its domestic and interna-
tional investment portfolios
earlier this year, Mr Brown
said these were now “set”
to follow the markets in
anticipation of a better eco-
nomic year in 2011.

“We've stuck it out since
2008,” he told Tribune
Business.

“We need some econom-
ic thrust coming through
domestically and interna-
tionally. I don’t anticipate
anything massive, but do
anticipate secing a better
level of economic activity
than we saw in 2010.”

Benchmark (Bahamas)
would not be undertaking
any more capital raising
efforts, Mr Brown added,
its net assets and book val-
ue at September 30, 2010,
standing at $1.553 million
and $0.31 per share, com-
pared to a negative net
worth some 12 months
before.

For the first nine months
of 2010, Benchmark saw its
investment portfolio suffer
a net $165,375 depreciation.
For that period, Alliance
Investment Management
saw a $1.279 million loss,
Benchmark Advisors a
$5,733 loss and Benchmark
Properties a $34,141 loss.

3,000 policies
given up by CLICO
policyholders

FROM page one

ers are “becoming uncomfortable” with the
company’s condition and “losing confi-
dence” due to the time taken to sell their
policies to another carrier.

Craig A. ‘Tony’ Gomez, in his fourth
report to the Supreme Court on CLICO
(Bahamas) liquidation, again reiterated that
the insolvent insurer’s assets, worth some
$45.885 million, were dwarfed by its $60.086
million in liabilities, leaving Bahamian pol-
icyholders and creditors looking at sharing in
an estimated $14.201 million in losses as at
June 30, 2010.

That position could easily change, though,
especially if Mr Gomez is able to transfer the
insurer’s existing policy portfolio to another
Bahamas-based life and health insurer, or
sell the company’s main asset - the Welling-
ton Preserve real estate project in south
Florida - to a buyer at an above-market
price.

While Prime Minister Hubert Ingraham
pledged earlier this month that CLICO
(Bahamas) policyholders would be paid out
by the Government if their policies were
not transferred by December, Tribune Busi-
ness understands that Mr Gomez is still
working on such an arrangement, with Col-
ina Insurance Company still the favourite
carrier to acquire the portfolio.

As a June 30, 2010, Mr Gomez’s report
showed CLICO (Bahamas) as still having
16,954 policies in force and in good standing
- covering life and health insurance, annu-
ities and pensions - with a collective $1.693
billion sum assured. The total surrender val-
ue of these policies was said to be $24.181
million.

Yet Mr Gomez also noted that some 2,740
policies, including 1,183 medical and 1,488
life insurance policies, were allowed to lapse
by disenchanted policyholders between Feb-
ruary 1, 2010, and June 30, 2010. This means
they did not make the due premium pay-
ments.

And a further 265 policies, including some
222 life insurance policies and 40 individ-
ual pensions, were surrendered during the
same period, making it 3,005 CLICO
(Bahamas) policies that were either lapsed
or surrendered during those five months.

And Mr Gomez warned: “Policyholders
are becoming uncomfortable with the cur-
rent state of the company, despite being
told that the life, health and pension policies
are being transferred to a new insurer, and
that the sale process could be concluded by
October 2010.

“This lack of confidence is a result of the
perceived delay since the date of the liqui-
dation. However, I am assiduously pursuing

completing the transfer of the policies to a
new insurer.”

That insurer, Tribune Business under-
stands, is still Colina Insurance Company,
and the portfolio transfer issue is now before
the Insurance Commission of the Bahamas,
awaiting its approval.

Once that happens, the transfer then just
has to be ratified by the Supreme Court and
Judge Claire Hepburn.

“Tam at present aggressively working with
the proposed buyer of the life, health and
pension policies to bring closure to the
process in the quickest possible time,” Mr
Gomez said, adding that he was reviewing
several CLICO (Bahamas) policy categories
- reduced paid-up pensions, extended term
life and reduced paid-up life - to ensure that
these, “purchased with prescribed condi-
tions”, were in compliance with the policy
contract.

Once the final transfer agreement
between himself and Colina is concluded,
Mr Gomez said that upon receiving infor-
mation from the insurer on the necessary
“risk reserves”, he would seek to conclude
an amended agreement with the Govern-
ment over its initial $30 million guarantee.
This would ultimately have to be approved
by Parliament.

Elsewhere, Mr Gomez is still understood
to be in negotiations with potential buyers of
some CLICO (Bahamas) real estate assets in
the Bahamas, namely six properties located
on Sears Hill and the Centreville Medical
Centre. Talks are also being held with a
potential buyer for property in the Golden
Gates/Carmichael Road area.

The liquidator has also been served with a
$363,215 proof of claim by FirstCaribbean
International Bank (Bahamas) regarding
outstanding loans due to it from the insurer.
Mr Gomez has placed this claim in the cred-
itors queue.

And CLICO Guyana and CLICO Suri-
name are both appealing Mr Gomez’s rejec-
tion of their respective $34 million and $18.7
million claims against CLICO (Bahamas)
in the Bahamian courts.

The liquidator rejected their claims
because “valid insurance policies” were nev-
er issued against these payments, adding
that the purported premiums were remit-
ted to CLICO (Bahamas) bank accounts at
Ocean Bank in Miami and First Citizens
Bank in Trinidad.

Mr Gomez is also talking to SG Hambros
Bank & Trust (Bahamas) and the Central
Bank of the Bahamas to identify the Regis-
trar and Transfer agent for CLICO
(Bahamas) $449,000 worth of Bahamas Gov-
ernment Registered Bonds, part of a total
$4.544 million portfolio.

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THE TRIBUNE



TUESDAY, NOVEMBER 23, 2010, PAGE 5B



More ‘unorthodox’ CLICO practices

FROM page one

eficiaries to pay CLICO’s
reinsurance premium pay-
ment,” the liquidator said in
his report to the Bahamian
Supreme Court. “In turn,
CLICO would then make
good on the payment to the
beneficiary.

“However, from my inves-
tigations, I have discovered
that some beneficiaries were
not paid funds by CLICO,
which were covered by the
reinsurer. Notwithstanding
CLICO’s premium payments
were being made per the
agreement they had with the
reinsurer.

“As a result of this unortho-
dox approach, I have since
advised the reinsurer that this
process must cease and we
will pay the quarterly premi-
um payments. The premium

payments are currently being
paid on a monthly basis.”

Meanwhile, Mr Gomez said
CL Financial, CLICO
(Bahamas) parent company
in Trinidad, had failed to
respond to a statutory
demand his attorneys had
served upon it, as he seeks to
enforce the $58 million guar-
antee it had given to cover
the Bahamian insurer’s loans
to its CLICO Enterprises sub-
sidiary, which were subse-
quently invested in US real
estate development.

The key investment is the
Wellington Preserve real
estate project, which received
$73 million from CLICO
Enterprises, but Mr Gomez
warned: “The current real
estate market in the United
States remains extremely soft,
and it is very unlikely that I
will be able to realise a more
than favourable price from

the Wellington property to
guarantee sufficient funds for
me to satisfy creditors of CLI-
CO (Bahamas).

“In light of these condi-
tions, I have requested gen-
eral counsel to proceed with
the call on the CL Financial
guarantee.”

Mr Gomez said “key com-
ponents were omitted” from
the loan agreement between
CLICO (Bahamas) and CLI-
CO Enterprises, including the
initial amount of the advance.
It instead covered cash
advances and other credit
facilities, starting in 2005, but
the liquidator’s review
showed that the advances
actually began in December
2003.

Noting that it had previ-
ously been estimated that
Wellington Preserve would
require a further $42 million
investment before it could be

presented for sale, Mr Gomez
added: “I have decided to
move forward to sell the land
wholesale and not by individ-
ual pieces of lots. This process
has proven to be challenging,
as the current state of the real
estate market in the US is
slow.”

Two different buyers are
currently negotiating with Mr
Gomez, who confirmed that
the initial buyer with whom
he executed a sale and pur-
chase agreement, Hines Inter-
est LLP, terminated the deal
on March 5, 2010.

“This decision was made in
proper accordance with the
termination clause of the
agreement, and in further dis-
cussions with Hines it was dis-
covered that the termination
was due to the fact that the
current market for retail prop-
erty in the US remains ‘soft’,”
Mr Gomez added.

Treasurys rally after

US govt raises $35B

NEW YORK

TREASURYS rallied Monday after
the government saw strong bidding
for its debt and troubles in Europe
sent investors looking for safety in
US. government bonds, according to
Associated Press.

In its first of three auctions this
week, the Treasury raised $35 billion
in a sale of two-year notes, priced to
yield 0.52 percent. Even at such low
rates, demand for the notes was
strong. Investors placed bids for 3.7
times the amount offered, well above
the average of 3.22 over the past year.

The yield on the two-year Treasury
continued to drop after the auction,
ending the day at 0.47 percent, down
from 0.51 percent on Friday.

Cash flowed into Treasurys on wor-
ries that Ireland's financial crisis still
wasn't fixed. The rating agency
Moody's warned Monday that it may
downgrade Ireland's debt even after
the country applied for a bailout from
the International Monetary Fund and
the European Union. The aid pack-
age, Moody's said, would likely shift
even more of the country's bank debt
to the government, increasing Ire-
land's debt burden.

The Education Committee of the

Public Workers’ Co-operative Credit Union Limited
Presents

a Seminar on



CRIME... VIOLENCE... SAFETY:

This important Seminar will be held on Friday, December 3rd, 2010, at the
office of The Bahamas Co-operative League Limited, Russell Road, next to

Wendy's (Oakes Field), beginning at 6:00 p.m,

The keynote speaker will be Commissioner of Police, Ellison E. Greenslade,

OPM, MBA.

Plan to attend and bring someone with you.

The Public Workers’ Co-operative Credit Union Limited.

“The Family Credit Union”

For further information please contact Mr. Charlton 6. Tinker or Ms. Bridget Saunders at

323-6594

The 10-year Treasury rose 56.2
cents, pushing the yield to 2.80 percent
from 2.87 percent late Friday. Yields
fall as prices rise.

The 30-year bond rose 59.3 cents,
knocking the yield to 4.20 percent
from 4.24 percent.

The Treasury expects to raise a total
of $99 billion from bond buyers this
week. The next auction comes Tues-
day, with the sale of $35 billion in five-
year notes.

In the Treasury bill market, the
three-month T-bill paid a 0.13 per-
cent yield at a discount of 0.14 per-
cent.

WANTED

Financial Company seeks
Administrative Assistant

A ~ small, leading, local financial

institution seeks an entry-level administrative
assistant to assist with daily operations. This

opportunity will provide the successful
applicant with training and a_ great
oversight into operations of financial
business. Candidates with computer,
accounting and securities background are

preferred.

Please email resume to:
financialposition2010@gmail.com



RANSBA

Ansbacher (Bahamas) Limited, a specialist in private banking,
fiduciary services and wealth management has an opening for the

position of:

PRIVATE BANKING ADMINISTRATOR

Duties include:

Assisting with the processing of payments & the receipt of client

funds

Processing pay away, renewal and amendment of fixed deposit

transactions

Assisting Relationship Officers with processing client related
security transactions

Tracking/monitoring all homeowner’s insurance policies
Updating mortgage tracker

Performing annual reviews of facilities

Assisting with the preparation of credit submissions

Liaising with attorneys, appraisers, inspectors and other
professionals on credit matters

Assisting managers and officers with projects as required

Candidates should possess:

An Associate’s Degree or equivalent with at least two years’
experience working in the financial services industry

Series 7 designation

Excellent written and verbal communication skills

Proficiency with computer applications (Microsoft Office Suite)
Strong customer service, mathematical & organizational skills
with an eye for details

The desire to develop and grow as a Private Banker

Knowledge of money laundering prevention principles and

procedures

Fluency in French or Spanish

All interested applicants should submit a cover letter and resume to the

attention of:

Human Resources

Ansbacher (Bahamas) Limited

P. O. Box N-7768

Nassau, Bahamas
E-mail: vacancies @ ansbacher.bs

The deadline for all applications is

Friday November 26, 2010

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





PAGE 6B, TUESDAY, NOVEMBER 23, 2010

THE TRIBUNE



Hewlett-Packard’s
fiscal 4Q tops Wall
Street estimates

SAN FRANCISCO

HEWLETT-PACKARD
CO., the world's biggest
technology company, on
Monday reported higher
profits, helped by corporate
spending even as demand
from consumers and gov-
ernments has wobbled
across the industry, accord-
ing to Associated Press.

The company also raised
its profit forecast for the
new fiscal year. Its shares
rose in after-hours trading.

The numbers, reported
Monday after the market
closed, offer more evidence

that the technology indus-
try's recovery is lopsided.

Purchases by big compa-
nies are buoying growth.
They have thawed budgets
that were frozen during the
depth of the recession.
Meanwhile, unemployment
worries have sapped con-
sumers' appetite for com-
puters, and state govern-
ments in the U.S. have
slashed spending to plug
budget holes. Other tech-
nology major leaguers, such
as Cisco Systems Inc. and
Intel Corp., have issued
warnings.

HP said its net income

LEGAL NOTICE

NOTICE
ENSEMBLE, LTD.

(Un Voluntary Liquidation)

NOTICE is hereby given that the above-named Company
is in dissolution, commencing on the 16th day of November,
2010. Articles of Dissolution have been duly registered by
the Registrar. The Liquidator is Barry W. Herman, P.O. Box
N-10818, Nassau, The Bahamas.

All persons having claims against the above-names
Company are required, on or before the 18th day of December,

2010 to send their names and addresses and particulars of
their debts or claims to the Liquidator of the Company or,
in default thereof, they may be excluded from the benefit or
any distribution made before such debts are proved.

Dated this 18th day of November, 2010.
4 ft
Ny (Wan ban

BARRY W. HERMAN
LIQUIDATOR



28 PICTET

1@05

was $2.54 billion, or $1.10
per share, in its fiscal fourth
quarter, which ended Oct.
31.

That was up 5 percent
from $2.41 billion, or 99
cents per share, last year.

Excluding items, the
company earned $1.33 per
share, topping the $1.27 per
share that analysts polled
by Thomson Reuters were
expecting, excluding items.

Revenue was $33.28 bil-
lion, an 8 percent increase
over last year.

Analysts expected $32.75
billion.

The higher guidance calls
for profit of $5.16 to $5.26
per share for the fiscal year
ending in October 2011.

The previous forecast
was $5.05 to $5.15 per
share.

The higher figures
include a gain of 4 cents per
share from real estate sales.

HP's earnings conference
call marks the first chance
for investors and analysts
to hear from the company's
new CEO, Leo Apotheker,
since he started the job
three weeks ago.

He takes over the com-
pany as it's in mid-stride in
a radical makeover. Mark
Hurd, HP's former CEO,
was spending billions of
dollars in acquisitions to
make the company less of a
one-trick pony that was
dependent on printer ink
for most of its profits,
before he was ousted in the
wake of a sexual harass-

PICTET BANK TRUST LIMITED

Invites qualified applicants for the following position:-

SENIOR FOREIGN EXCHANGE

TRADER

EDUCATION AND EXPERIENCE:-

-Excellent knowledge of foreign currency trading.

-At least ten years experience.
-In-depth knowledge in trading:-

Spot and Forward currency transactions

Currency swaps
Precious metals

Currency and precious metal options
-Ability to speak/write French would be an asset.
-Bachelor’s Degree in Finance or related subject.
-Proficiency in a variety of software applications including Microsoft

Office Suite.

REQUIRED SKILLS:-

-Ability to work independently.

-Strong organisational skills.

-Commitment to excellent customer service.
-Must be a team player.

-Excellent oral and written communication skills.

-Excellent problem solving skills.

-Ability to work under pressure and to meet strict deadlines.

APPLICATIONS MUST BE RECEIVED BY
TUESDAY, NOVEMBER 30, 2010

Please hand deliver Resume and two (2) references to:-
The Human Resources Manager

Bayside Executive Park

Building No. 1
Nassau, Bahamas

ABSOLUTELY NO TELEPHONE CALLS

WILL BE ACCEPTED

Offices in

Lausanne, Geneva, Zurich, Luxembourg, London, Montreal, Nassau, Singapore, Tokyo, Hong Kong,
Frankfurt, Florence, Milan, Madrid, Paris, Rome and Turin





IN THIS SEPT. 20. 2010 FILE PHOTO, the corporate logo for Hewlett-Packard Co. is displayed at an HP
Innovation Summit, in New York. Hewlett-Packard Co. releases quarterly financial earnings Monday, Nov.
22, 2010, after the market close. (AP)

ment investigation.

HP's results illuminate
trends in multiple markets.
It's the world's top PC sell-
er, and reported that rev-
enue from consumer PCs
fell 10 percent in the latest

quarter while business PCs
rose 20 percent. That was
a reversal of the trend dur-
ing the recession, when
consumers snapped up
inexpensive "netbooks."
Meanwhile, servers and

data storage technologies
are moving fast.

HP's revenue in that
business-focused category
rose 25 percent.

HP is among the top sell-
ers in both categories.

Stocks mixed as
Ireland bailout,
FBI probe weigh

Retail and consumer
goods stocks rise

NEW YORK

STOCKS pared their losses and ended
narrowly mixed Monday amid anxiety
over Europe's financial crisis and a widen-
ing probe into insider trading on Wall
Street, according to Associated Press.

Bank shares slumped after the Federal
Bureau of Investigation raided the offices
of two hedge funds as part of a broad
insider trading probe. Goldman Sachs
Group Inc. sank 3.4 percent, while Bank
of America Corp. fell 3.1 percent.

Retail and consumer goods stocks rose
on hopes that shoppers will be in a spend-
ing mood when they turn up in stores the
day after Thanksgiving as the holiday
shopping season gets under way.

The Dow Jones industrial average fell
24.97 points, 0.2 percent, to 11,178.58.
The Dow was down as much as 149 points
earlier.

Pressure

Bank stocks were already under pres-
sure because of concerns over how the
bailout of Ireland announced over the
weekend would affect their investment
portfolios and ability to increase divi-
dends.

"Banks will have to take a haircut,"
said Benjamin Wallace, securities
analyst at Grimes & Co in Westborough,
Mass.

"All these issues bring into question
whether banks are strong enough to pay
out dividends next year, and whether the
government will ask them to hold on to
more capital for some more time."

Ireland formally asked for help from
its neighbors Sunday following weeks of
pressure from the European Union.

While details of the package were still
being worked out, Ireland's government
slipped further into crisis Monday as a
coalition partner of Prime Minister Brian
Cowen threatened to abandon him.

It was the second time this year that
the European Union has come to the res-
cue of one of the 16 countries that use

the euro. In May, the EU and the IMF
committed $140 billion to Greece to pre-
vent the country from defaulting on its
debt.

Investors took heart from signs that the
holiday shopping season is off to a good
Start.

A widely watched gauge of spending,
MasterCard Advisors SpendingPulse,
found apparel sales rose 9.7 percent in
the first two weeks of November.

Online retailer Amazon.com Inc.'s
shares were up 3.4 percent, and Apple
Inc. rose 2.2 percent. Other technology
shares also rose, pushing the Nasdaq com-
posite index up 13.90, or 0.6 percent, to
2,532.02.

The Standard & Poor's 500 index fell
1.89, or 0.2 percent, to 1,197.84.

Economy

"Consumers make up 70 percent of the
economy and there is a sense that they
will start spending their increasing sav-
ings," said Steven Goldman, chief mar-
ket strategist at Weeden & Co.

In another positive sign, computer and
printer maker Hewlett-Packard Co.
reported better than expected results and
raised its profit forecast.

It's stock was up 1.7 percent in after-
hours trading.

Investors will sort through a full plate of
economic data this week, but trading will
be shortened by the Thanksgiving holi-
day on Thursday.

Reports set to be released Tuesday and
Wednesday include October home sales,
an update of consumer sentiment, and
revisions to earlier estimates of the third-
quarter gross domestic product.

Some economists expect that the latest
reading on U.S. economic growth for the
third quarter will be slightly higher that
the previously estimated 2.0 percent
increase.

Rising shares outpaced falling shares
by a hair on the New York Stock
Exchange. Consolidated trading volume
came to 3.8 billion shares.

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THE TRIBUNE

TUESDAY, NOVEMBER 23, 2010, PAGE 7B



GM stock
fluctuates at

start of first
full week

DETROIT

GENERAL MOTORS
stock gyrated between
positive and negative ter-
ritory Monday to close at a
loss as it started its first
full week of trading as a
reborn company, accord-
ing to Associated Press.

Analysts said the reason
is a combination of hedge
funds taking profits and
other investors jumping in
as the price dips, and they
expect volatility to last for
several more days.

GM stock closed Mon-
day at $34.08, down 18
cents per share, or 0.5 per-
cent. It dropped as much
as 45 cents to $33.81 in the
morning, but it rebound-
ed to a gain and continued
to move above and below
break-even all day. At one
point it hit 22 cents above
Friday's close of $34.26.
Volume was around 36
million shares, far below
the more than 400 million
trades in GM stock on
Thursday.

The stock movement
comes just two business
days after General Motors
Co. pulled off an IPO
worth $15.8 billion, signal-
ing the surprising resur-
rection of an American
corporate icon that col-
lapsed into bankruptcy
protection and was res-
cued with a $50 billion
bailout from U.S. taxpay-
ers.

Unstable

Volatility will likely con-
tinue for at least a few
more days because stock
markets have been unsta-
ble of late and as hedge
funds continue to take
profits and other traders
search for bargains, said
Joe Phillippi, a former
Wall Street analyst who is
now president of
AutoTrends Consulting in
Short Hills, N.J. He also
said investors could be
buying with the expecta-
tion of a pop in the price
because GM should make
its way back into the Stan-
dard & Poor's 500 index
shortly. Membership in the
index is important because
many mutual funds buy
shares based on it.

"The hedge funds are
obviously big players.
They're flipping.

“They used their muscle
to get big strong alloca-
tions" in the IPO, Phillip-
pi said.

"You may very well
have a lot of portfolio
managers buying the stock
when it dips, figuring that
it's going to be put back
into the S&P 500 soon."

On Monday, Standard &
Poor's began covering the
new GM stock by recom-
mending that investors
hold it.

Analyst Efraim Levy set
a 12-month price target of
$36 and wrote that he
expects earnings per share
of $2.78 in 2010 and $3.62
in 2011.

GM earned $2.62 per
share through the first
three quarters of this year.

He based his recom-
mendation on GM's low-
er operating and borrow-
ing costs after leaving
bankruptcy protection,
and a greater focus on its
remaining four brands.
GM got rid of Hummer,
Saab, Pontiac and Saturn
and now can focus on
Chevrolet, Buick, GMC
and Cadillac. Levy pre-

dicts U.S. industry sales
next year of 13 million, up
from 11.5 million expected
this year.

Monday's trading was
similar to but not as dra-
matic as Friday's.

At the opening bell that
day, the stock fell $1.08 to
$33.11 as investors sold to
lock in profits.

The stock recovered
after nearing the IPO
price of $33 per share,
leading some analysts to
speculate that large
investors stepped in to
stop it from hitting $33, a
price that could trigger
computerized "stop loss"
orders to sell.

Friday's early drop also
could have been halted by
investors who jumped in
to buy at a relatively low
price, the analysts said. It
ended the day up 7 cents,
or 0.2 percent, at $34.26.

Phillippi said the large
investment banks will do
whatever it takes to keep
the price above $33 and
avoid triggering any com-
puterized sell orders.

Even though they can-
not buy stock under Secu-
rities and Exchange Com-
mission rules, they can
legally talk to big investors
and persuade them to buy,
he and others said.

Messages were left with
spokeswomen for JPMor-
gan and Morgan Stanley,
the two lead underwriters
in the GM IPO.

On Friday, Morgan
Stanley would not com-
ment on whether it took
action to stop GM's stock
from dropping, while a
message left at JPMorgan
Chase & Co. was not
returned. GM also would
not comment Monday.

In the IPO, GM's own-
ers — mainly the U.S. gov-
ernment — sold 478 mil-
lion shares at $33 each.
Shortly after the opening
bell on the first day of
trading Thursday the price
jumped as high as $35.99,
then pulled back later in
the day. GM ended Thurs-
day with a gain of 3.6 per-
cent at $34.19.

Debt

The government is on its
way to getting back at
least part of the $50 bil-
lion it spent bailing out
GM, which emerged from
bankruptcy protection last
year with a balance sheet
cleansed of huge debt.
GM's debt was reduced to
$8 billion from a stagger-
ing $104 billion in the
bankruptcy process.

The leaner company
earned $4.2 billion in the
first nine months of this
year, and its chief finan-
cial officer said it could
post huge pretax profits if
the U.S. auto market
recovers to pre-recession
highs.

The government made
$11.8 billion by selling 358
million shares at $33
apiece in the IPO, and
reduced its ownership
stake in GM to about 36
percent from 61 percent.

It stands to make $13.6
billion — and lower its
stake to 33 percent — if
bankers exercise options
for 54 million more shares.
If the options are taken,
the government will have
500 million shares left, and
they must sell for $53 each
in order to get all the
bailout money back. Those
options could be exercised
this week.



IN THIS file photo taken Thursday, Nov. 18, 2010, General Motors headquarters are shown in Detroit. Shares
of the reborn General Motors lost momentum in early trading Friday, Nov. 19, dropping more than 2 per-
cent on their second day of trading as a new company.

Paul Sancya, file/AP
















From the earliest days of the
organization, Rotarians were
concerned with promoting high
ethical standards in their
professional lives. One of the
world's most widely printed and
quoted statements of business
ethics is The Four-Way Test,
which was created in 1932 by
Rotarian Herbert J. Taylor. This
24-word Test has been
translated into more than a
hundred languages and
published in thousands of ways.
It asks the following four
questions:

The Four-Way Test

“Of the things we think,

say or do

1. Is it the truth?

2. Is it fair to all
concerned?

3. Will it build goodwill
and better friendships?

4. Will it be beneficial to
all concerned?”

—
—
a

—

a
a

x\ xv
oie
Rules: OFFICIAL ENTRY FORM
1. Children ages 10-16 may enter. Judging will be in two
age categories: 10 - 13 years and 14-16 years for a first Child’s Name:
and second place winner in each category.
2. Write a essay answering the following subject: Aen
“What does the Four-Way Test mean to me.” Explain AS
your understanding of the 4-Way Test as it relates to Seheek
your life, experiences, and/or society in general.” a
Your essay must include the four principles.
3. The body of the essay must not exceed 1,000 words. Address:
Adults may assist the child in filling out the entry form,
but not in writing the letter. P.O. Box: a
4, Limit one essay per child. All entries must be received by
the Rotary Club of East Nassau before Nov 30, 2010. Email Address:
5. Only essaysaccompanied by originalentryformsclipped == =
from the newspaper will be accepted. Photocopy, fax, Parent’s Name:
carbon or other copies will not be accepted. - —
6. One winner will be chosen from each age category. The Parent's Signature:
decision of the judges is final. oe
7. Winner must agree to a photo presentation which will Telephone contact: (H) (w)

be published in the newspaper. oe Ns
. Mail essay and completed newspaper clipping to

The Four-Way Test Essay Competition,

Attn: Joanne Smith, The Rotary Club of East Nassau,

P.O. Box N-1299, Nassau, Bahamas

All entries become property of the Rotary Club of East Nassau and can be used
and reproduced for any purpose without compensation.

Rotary Club of

YEAST

BAHAMAS, Distrlei 7020

The Tribune

4 si wf
Py Lovee. Fily Fiswspapet



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PAGE 8B, TUESDAY, NOVEMBER 23, 2010

THE TRIBUNE





Oil prices fall on worries
about global economy

























































































NOTICE

ESSO EXPLORATION AND PRODUCTION
ANGOLA (INNER TREND) LIMITED

NOTICE

ESSO EXPLORATION AND
iRER TREND) LIMITED NOTICE IS HEREBY GIVEN as follows:

(a) ESSO EXPLORATION AND
PRODUCTION (INNER TREND) LIMITED
is in dissolution under the provisions of the
International Business Companies Act



Creditors having debts or claims against the above-
named Company are required to send particulars
thereof to the undersigned c/o P.O. Box N-624,
Nassau, Bahamas on or before 15" day of December,
A.D., 2010. In default thereofthey willbe excluded from
the benefit of any distribution made by the Liquidator.

The dissolution of the said Company
commenced on the 19th day of November,
2010 when its Articles of Dissolution were
submitted to and registered by the
Registrar General.

Dated the 19th day of November, A.D., 2010. The Liquidator of the said Company is Carol
G. Gray, of 16825 Northchase Drive
Houston, Texas 77060, U.S.A.

Dated the 19th day of November, 2010.
HARRY B. SANDS,

LOBOSKY MANAGEMENT CO. LTD.
Attorneys for the above-named Company

Carol G. Gray
Liquidator
16825 Northchase Drive
Houston, Texas 77060
U.S.A.

NOTICE NOTICE
EXXONMOBIL EXPLORATION AND

EXXONMOBIL EXPLORATION AND PRODUCTION (OKHOTSK) LIMITED

PRODUCTION

(OKHOTSK) LIMITED NOTICE IS HEREBY GIVEN as follows:

(a) EXXONMOBIL EXPLORATION AND
PRODUCTION (OKHOTSK) LIMITED is in
dissolution under the provisions of the
ae anewe Business Companies Act



Creditors having debts or claims against the above-
named Company are required to send particulars
thereoftothe undersigned c/o P.O. Box N-624, Nassau,
Bahamas on or before 15" day of December, A.D.,
2010. In default thereof they will be excluded from
the benefit of any distribution made by the Liquidator.

The dissolution of the said Company
commenced on the 19th day of November,
2010 when its Articles of Dissolution were
submitted to and registered by the

Dated the 19th day of November, A.D., 2010. Registrar General.

The Liquidator of the said Company is Carol
G. Gray, of 16825 Northchase Drive
Houston, Texas 77060, U.S.A.

Dated the 19th day of November, 2010.
HARRY B. SANDS

LOBOSKY MANAGEMENT CO. LTD.
Attorneys for the above-named Company

Carol G. Gray
Liquidator
16825 Northchase Drive
Houston, Texas 77060
U.S.A.

NOTICE NOTICE
EXXONMOBIL EXPLORATION
EXXONMOBIL EXPLORATION AND AND PRODUCTION (YAMAL GYDAN) LIMITED
PRODUCTION
(YAMAL GYDAN) LIMITED
NOTICE IS HEREBY GIVEN as follows:

EXXONMOBIL EXPLORATION AND
PRODUCTION (YAMAL GYDAN) LIMITED
is in dissolution under the provisions of the
International Business Companies Act



Creditors having debts or claims against the above- (a)
named Company are required to send particulars
thereofto the undersigned c/o P.O. Box N-624, Nassau,

Bahamas on or before 15° day of December, A.D.,

2010. In default thereof they will be excluded from

the benefit of any distribution made by the Liquidator. The dissolution of the said Compan
commenced on the 19th day of November,
2010 when its Articles of Dissolution

were submitted to and registered by the
Registrar General.

Dated the 19th day of November, A.D., 2010.

The Liquidator of the said Company is Carol
G. Gray, of 16825 Northchase Drive
Houston, Texas 77060, U.S.A.

Dated the 19th day of November, 2010.

HARRY B. SANDS,
LOBOSKY MANAGEMENTCO. LTD.
Attorneys for the above-named Company

E-3 EG CAPITAL MARKETS
CQ BROKERAGE & ADVISORY SERVICES

cluecrica eT A T.

Carol G. Gray
Liquidator
16825 Northchase Drive
Houston,Texas 77060
U.S.A.

ROYAL FIDELITY

Moray an Work

BISX LISTED & TRADED SECURITIES AS OF:
MONDAY, 22 NOVEMBER 2010
BISX ALL SHARE INDEX: CLOSE 1,483.20 | CHG -0.04 | %CHG 0.00 | YTD -82.18 | YTD % -5.25
FINDEX: CLOSE 000.00 | YTD 00.00% | 2009 -12.31%
WWW.BISXBAHAMAS.COM | TELEPHONE: 242-323-2330 | FACSIMILE: 242-323-2320

Securit Previous Close Today's Close Change Daily Vol. EPS $ Div $
"AML Foods Limited
Bahamas Property Fund
Bank of Bahamas
Benchmark

Bahamas Waste

Fidelity Bank

Cable Bahamas

Colina Holdings
Commonwealth Bank ($1)
Consolidated Water BDRs
Doctor's Hospital

FirstCaribbean Bank
Focol (S$)
Focol Class B Preference
ICD Utilities AG5.8
J. S. Johnson x B . . 10.1
Premier Real Estate 10.00 5 10.1
BISX LISTED DEBT SECURITIES - (Bonds trade on a Percentage Pricing basis)
Security Last Sale Change Daily Vol.
Bahamas Note 6.95 (2029) 0.00
Fidelity Bank Note 17 (Series A) + FBB17 100.00 0.00
Fidelity Bank Note 22 (Series B) + FBB22 100.00 0.00 Prime + 1.75%
Fidelity Bank Note 13 (Series C) + FBB13 100.00 0.00 7%
Fidelity Bank Note 15 (Series D) + FBB15 100.00 0.00 Prime + 1.75%
RoyalFidelity Merchant Bank & Trust Ltd. (Over-The-Counter Securities)
Symbol Bid $ Ask $ Last Price Daily Vol.
Bahamas Supermarkets
RND Holdings

Interest Maturity
20 November 2029
19 October 2017
19 October 2022
30 May 2013
29 May 2015

EPS $
-2.945
0.001

Div $
0.000

oy 0.000

CFAL Securities Ltd. (Over-The-Counter Securities)

ABDAB 30.13 31.59 29.00 4.540

RND Holdings 0.45 0.55 0.55 0.002

BISX Listed Mutual Funds

S

0.000
0.000

NAV 3MTH
1.490421
2.919946
1.545071

NAV 6MTH
1.467397
2.911577
1.530224

Fund Name
CFAL Bond Fund
CFAL MSI Preferred Fund
CFAL Money Market Fund
Royal Fidelity Bahamas G & | Fund
Royal Fidelity Prime Income Fund
CFAL Global Bond Fund
CFAL Global Equity Fund
FG Financial Preferred Income Fund
FG Financial Growth Fund
FG Financial Diversified Fund
Royal Fidelity Bah Int'l Investment Fund Principal
Protected TIGRS, Series 1 i 35% 31-Oct-10
Royal Fidelity Bah Int'l Investment Fund Principal

Ss.

109.392860
100.779540

107.570619
105.776543

31-Oct-10

10.0000
10.6000 31-Oct-10
9.1708 investment Fund Principal
9.5037
8.1643

MARKET TERMS

31-Oct-10
4.8105 Royal Fidelity Int'l Fund - Equities Sub Fund 31-Oct-10
BISX ALL SHARE INDEX - 19 Dec 02 = 1,000.00 ided by closing price

52wk-Hi - Highest closing pri eks iA $ - i i idelity

m day to day
aded today
re paid in the last 12 months
-cl d by the last 12 month earnings
(S) - 4-for-1 Stock Split - ate
($1) - 3-for-1 Stock Split - Effective Date 7/11/2007
TO TRADE CALL: CFAL 242-502-7010 | ROYALFIDELITY 242-356-7764 | FG CAPITAL MARKETS 242-396-4000 | COLONIAL 242-502-7525

FINDEX< - The Fidelity Bahamas Stock Index. January 1, 1994 = 100

By SANDY SHORE,
AP Business Writer

OIL PRICES retreated
Monday as concerns grew
about economic stability in
Europe after Ireland sought
billions of dollars in finan-
cial assistance from its
neighbors.

Benchmark crude for Jan-
uary delivery fell 24 cents to
settle at $81.74 a barrel on
the New York Mercantile
Exchange. The price has
dropped about 5 percent
from a week ago in the wake
of Ireland's debt crisis and
China's efforts to slow eco-
nomic growth.

Prices

Meanwhile, the national
average for a gallon of reg-
ular gasoline was $2.876 on
Monday, according to the
Energy Department's Ener-
gy Information Administra-
tion. That's almost 2 cents
less than a week ago and
about 24 cents more than a
year ago. Drivers in Gulf
Coast states are seeing the
lowest prices, at an average
$2.694 a gallon. California
gas Stations charge the most:
around $3.17 a gallon.

Pump prices in major
cities range from an average
of $2.66 a gallon in Houston
to $3.21 a gallon in San
Francisco. Drivers in New
York City pay about $3.01 a
gallon. Regular goes for
$3.08 in Chicago, $2.95 in
Boston, $2.94 in Miami and
$2.68 in Denver.

Ireland formally request-
ed help Sunday from other
countries in the European
Union after a financial crisis
developed with losses at
three nationalized banks.
Terms of the package from
the European Union and
the International Monetary
Fund are being negotiated
but should not exceed $137
billion.

Ireland's action follows a
multi-billion dollar Euro-

pean bailout approved in
May for Greece to prevent it
from defaulting on its debt.

Now, traders and
investors are concerned that
heavy debt burdens in
Spain, Portugal and Italy
may lead to other bailout
packages, slower global eco-
nomic recovery and weak
demand for oil and gas.

Some traders are selling
contracts to reduce their risk
ahead of the Thanksgiving
holiday weekend.

Efforts by China to tight-
enits monetary policy, with
things like higher bank
reserve requirements, also
weighed on energy prices.
China's rampant growth
and thirst for energy have
driven oil prices higher even
as economies in the U.S.
and Europe have been slug-
gish.

"Certainly things can
unfold in the eurozone very
quickly," LaSalle Futures
Group analyst Matt Zeman
said.

"Things can happen in
China very quickly. Why
take that risk home with you
over the long weekend?"

Dollar

Trading was light Mon-
day, which can contribute to
volatility in price swings. In
addition, the dollar was
stronger against other cur-
rencies. Since oil and other
commodities are priced in
dollars, a stronger dollar
makes them less of a bar-
gain for traders using other
currencies.

In other Nymex trading in
December contracts, heat-
ing oil fell 0.58 cent to settle
at $2.2686 a gallon, gasoline
lost 4.41 cents to settle at
$2.1519 a gallon.

Natural gas added 10.7
cents to settle at $4.271 per
1,000 cubic feet.

In London, Brent crude
lost 38 cents to settle at
$83.96 a barrel on the ICE
Futures exchange.

Novell draws new
bid of $2.2 billion

WALTHAM, Massachusetts

BUSINESS software maker Novell Inc. said Monday it has
found a new suitor to take over the company after rejecting a
lower offer from a private equity firm earlier this year, accord-

ing to Associated Press.

Novell, based in Waltham, Massachusetts, said Attachmate
Corp. has agreed to pay about $2.2 billion in cash, or $6.10 per

share.

That tops an offer of $5.75 per share that Elliott Associates
L.P. made back in March, a bid that valued the company at
about $2 billion. As a part of the deal announced Monday,
Elliott will get a stake in Attachmate.

The new offer represents a premium of 27 percent over
Novell's closing share price of $4.80 on March 1, the day before
Elliott Associates made its offer.

Novell said it is also selling some of its intellectual property
rights to a consortium of technology companies organized by
Microsoft Corp. for $450 million.

Novell shares climbed 37 cents, or 6.6 percent, to close Mon-

day at $5.96.

Attachmate, based in Seattle, is owned by private equity
firms Francisco Partners, Golden Gate Capital and Thoma

PUBLIC NOTICE
INTENT TO CHANGE NAME BY DEED POLL

The Public is hereby advised that |, ISME NERTIRS
MATT of #41 Edgar Place, Freeport, Bahamas, intend
to change my name to ISME NERTTERS RICHE. [f
there are any objections to this change of name by Deed
Poll, you may write such objections to the Deputy Chief
Passport Officer, RO.Box F-43536, Grand Bahama, no
later than thirty (80) days after the date of publication of

Bravo.

this notice.

NOTICE is hereby given that IZNARA ETIENNE

of Peardale/Balfour Ave.,
to the Minister se for Nationality
and Citizenship, for registrati

applying

Nassau, Bahamas Is

on/naturalization as a

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

from the 16'*day of November, 2010 to the

inister

responsible for nationality and Citizenship, P.O. Box

N-7147, Nassau, Bahamas.

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



THE TRIBUNE

TUESDAY, NOVEMBER 23, 2010, PAGE 9B





The Tribune



B O Di

A N D M |



©

nm 6D



ith



SHARLENE’S

MAMMOGRAM PARTY



PARTY TIME: Sharlene Smith wearing a party hat toasts her birthday with sisters and close friends.




tested.

By CARA BRENNEN-BETHEL
Tribune Features Editor

harlene Smith had very special plans for her 42nd

birthday, she wanted to ensure that she and her sis-

ters and close friends would be around to see many

more birthdays, and she wanted to turn a preven-
tative medical procedure into an afternoon of fun.

“Tt was my 42nd birthday and I knew that I had to have my
annual physical which includes a mammogram and I saw
where the Breast Cancer was advertising mammogram parties,
so I decided that it was perfect for me and my sisters and
close friends to spend the afternoon getting tested.

Sharlene explained that she and her family are keenly aware
of the importance of the life- saving procedure.

“T have five sisters and we all have fibrocystic breasts, which
means that we are genetically predisposed to breast cancer.

“Also, I have a very close friend who was diagnosed with
breast cancer at the age of 35 and she is now a four year can-
cer survivor, so seeing her situation also stressed how impor-
tant it is to get tested.”

Because of their genetic predisposition to the disease, doc-
tors have recommended that the Sharlene and her sisters
have mammograms annually.

Joining Sharlene for the special day on Saturday were sisters
Deidre Miller and Renee Knowles, and her work colleagues
and close friends from the College of the Bahamas- her man-
ager Williamae Johnson, Antoinette Pinder and Denece Mack-
ey.
Tee being tested, the ladies spent time listening to music
and eating a scrumptious spread of appetisers and pink cup-
cakes at The Breast Cancer on Collins Avenue which was
decorated in the breast cancer awareness signature pink.

Inspired

Sharlene hopes that other women will be inspired by the
Breast Centre offer of a mammogram party.

“It is so important to have mammograms done, because
breast cancer can be detected and cured and the digital mam-
mograms which they do now are much less painful than the
conventional ones that people may be used to having had in the
past,” she said.

Dr Ravi Shankar, the physician on hand at the Breast Cen-
ter to read the images, explained that the digital mammo-
grams allow for more accurate and clear images which is bet-
ter especially for women who may have denser breast tissue.
Additionally, Dr Shankar explained that there is computer soft-



LET’S PARTY —a feast was laid out for the women to enjoy after getting
tested.

TESTING TIME: Sharlene Smith and one of her guests await being

ware which can be applied to the images to help read the
images.

“So I would first look at the images and then I can apply the
software to them and it can give me different views and it is like
a second pair of eyes.”

He said that the current international standards and rec-
ommendations are that woman over 50 get a mammogram
annually to avoid an over exposure to radiation. However
some medical professionals suggest women between 40-50
have them once every 2 years.

He said that cancer was on average found in white woman
between the ages of 50 and 60.

However, he explained that it is especially important for
Bahamian women to get regular mammograms, because recent
studies have shown that black Bahamian women in particular
are being diagnosed at younger ages- in some cases in their
early 30’s.

The early incidences of breast cancer may be a result of the
genetic makeup of black woman although it has not been
definitively determined.

“This does not mean that every young woman should rush
to get a mammogram because there is still the risk of radiation
exposure, but they should know their risk profile and discuss
the benefits of having a mammogram with their gynecolo-
gist,” he said.

Breast Cancer Month climaxes with a candlelight vigil in Rawson Square!

By ALESHA CADET
Tribune Features
Reporter

THE Sister Sister Candle-
light Vigil recently held in
Rawson Square highlighted
Breast Cancer month and
was the closing event held by
the organisation in com-
memoration of breast cancer
month.

Andrea Sweeting, Presi-
dent of the Surgical Suite Sis-
ter Sister Breast Cancer Sup-
port Group said, “What a
way to close the curtain on
the events of an exciting
month of educating our com-
munity on the Awareness of
Breast Cancer.”

She defined the Candle-
light Vigil as “a time to cele-
brate, give thanks and praises
to our God for the mission
which he has commissioned
us.”

Ms Sweeting went on to
thank God for the unity the
Cancer Support agencies
share fighting the battle. “We
thank God for the lives we
have had the ability to touch
and the lives that have
touched and transformed our
hearts,” she said.

The 5th Annual Candle-
light Vigil was established,
originally as a highlight of a
one day visit from the Sister



7



ATIME TO CELEBRATE AND CONTINUE THE FIGHT: Members of the Mt. Moriah Church’s Girls brigade sing at the Sister Sister Candle-
light Vigil, the closing ceremony for the Breast Cancer Month of Activities.

Sister Miami Affiliate Komen
Sisters who had visited on a
cruise ship. Tribune under-
stands that the first vigil had
followed a walk on Paradise
Island and dinner, before the

group had re-boarded their
ship.

“It was one time only
because after that the ship
started leaving the port earli-
er. But it was a wonderful

idea, so we kept it going. And
as result since then, the assis-
tance and partnership is edu-
cating our community
between the other organisa-
tions,” Mrs Sweeting added.

Going further, prior to the
ceremony that evening, two
groups of cancer survivors
and supporters, representing
all of these organisations,
staged a brief symbolic walk

SCREENING SAVES LIVES

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

from Elizabeth and George
Streets, to Rawson Square,
marking their unity and the
onset of the ceremony.

Ms Sweeting explained
that it is unfortunate that we
continue to loose beloved sis-
ters, mothers, friends and co-
workers to this disease. “
While the message remains
the same, it must become
more forceful,” she said,

Detection

She added that screenings
are a “ must annually.” “We
must encourage family and
friends to do the same as ear-
ly detection saves lives and it
enables us to save and help
one person at a time,” said.

The Mount Moriah
Church’s Girls brigade was
featured at the 5th Annual
Sister Sister Candlelight Vig-
il recently held in Rawson
Square. Mrs Sweeting also
thanked all in attendance for
their support and participa-
tion during the Breast Cancer
Awareness Month. She quot-
ed the scripture, “For the bat-
tle is not ours, it is the
Lord’s”, and emphasised
that, “we (cancer survivors)
are the simple and humble
vessels He (God) has chosen
to use.”





PAGE 10B, TUESDAY, NOVEMBER 238, 2010

in warmer climates.

The herb is fast growing and has a distinctive taste
that is hard to find a substitute for. It has one of
those tastes that you either love or hate: a deep, oily
flavour that dominates whatever it is added to.
Cilantro is an essential ingredient in Mexican salsas.

The seeds of cilantro are coriander, one of the base
ingredients for a curry powder. Coriander is a spice while
cilantro is a herb. Cilantro grows very quickly. In fact too
quickly as it tends to bolt soon after reaching maturity in a
few weeks. For this reason it is a good tactic to sow just a
couple of cilantro plants every two weeks if you are an afi-

cionado.

Gaining ground on cilantro as a dominant tropical herb
is Mexican tarragon (Tagetes lucida) that is also known as
Mexican marigold. Restaurants used to have a hard time
obtaining French tarragon all year round and Mexican tar-
ragon is now used extensively with no loss in fine flavour.

Mexican tarragon is sold as an annual but I have found
that once the plant dies back it can be left and the root ball
will resurrect itself in time. It also grows from seeds pro-
duces by the beautiful yellow flowers so you have double
protection against losing your tarragon permanently.

Mexican tarragon was made for chicken and can also be
used to flavour vinegar. No Bahamian herb garden should

be without a stand or two.

There are some African plants that have made their way
around the tropical world as hot weather herbs. Members
of the mint family, Plectranthus species appear in many
Bahamian gardens as they are hardy and very easy to look

Cy

ost of our culinary herbs are of
European, particularly Mediter-
ranean, heritage but there is a
group of herbs that can be substi-
tuted quite readily and are right at home in our
warm Weather conditions in The Bahamas.
Cilantro was once known as Chinese or Mexican
parsley and it is used far more than regular parsley

LOVING RELATIONSHIPS

after. In general they are very fleshy, highly
redolent, and the common nomenclature is
very confusing.

P. amboinicus is called Cuban oregano,

thyme and Mexican mint. P. tomentosa is
called Cuban oregano. P. coleoides is called
Cuban oregano, Mexican oregano and
Spanish thyme, while a variegated version
with a white leaf border is called Swedish
ivy. Do you notice the problem: several dif-
ferent species with the same common name.
The confusion is caused by the rather
strong scent and flavour of Plectranthus. If
you look for a thyme scent, you will find it;
likewise oregano, mint and borage can be detected. I call
P. amboinicus Cuban oregano. Its leaves are somewhat
smaller and fleshier than the others, longer than they are
wide. I call P. colecides Mexican thyme. The leaves are
rounder and serrated, and the flavour much closer to
thyme than oregano.
There is also a member of the verbena family that is
called Mexican oregano (Lippia graveolens). It is native
from Texas through South America to northern South
America. This plant probably deserves its name as it is
native to Mexico and does not come from Africa. Its

fresh in salsas.

THE TRIBUNE

By Gardener Jack




growth and appearance are similar to coleus or nettles.
Although I have been assured you can cook at length

with these tropical herbs, I have always preferred to add

them towards the end of the cooking process or use them

Plectranthus and Lippia can easily be grown from cut-

Have you filed your EX?

He is your relationship
desk these days? Do you
have a lot of working files that you
look at frequently and you add to on
a regular basis? Do you have a lot of
unfinished work that you just pro-
crastinate over? Or do you have
many files that are completed and
filed away? We hear over and over
that we need to put time and effort
into our relationships, but what hap-
pens when they just do not work out
and they come to an end?

The end of a relationship is almost
always painful, but at times it can be
a relief. Closing that particular file
however may not be that easy.
Depending if there is a particular
‘dumper ', 'dumpee' or if it is a mutu-
al agreement will determine how you
move on in the future. Ideally all
questions, unresolved problems, good
times and things learnt from the rela-
tionship will be aired. Of course, this
requires a great deal of respect and



con-

sideration, both of which are often
missing when things come to a close.

What happens when it all ends in a
big chaotic mess? You may be left
out to dry, or perhaps you are the
one too cowardly to face the music. If
we do not wrap things up, and feel
everything has been taken care of,
then we drag it around with us into
the next relationship. We punish or
treat the next person as if they were a
shadow of the last. It is not surprising
that we go through life wondering
why we can not get it right. Are we
always choosing the wrong people,
or is it us?

People assume that long relation-
ships are the hardest to get over. Cer-
tainly there is more history, possibly
children and joint property. However,
all too often we see that their life
together has ‘played out' and that it
has reached a natural conclusion.
Short relationships, however, may
have terminated before their time
and the expected course of things did
not take place. The questions of ‘what
ifs....' and ‘might have
been....'remain floating in the air
unanswered. One thing we know for
sure is that no matter what type of
ending you have it is all emotionally
draining, and something we would
all like to avoid.

Vary

The work needed before we can
close that particular file can vary in
time depending on the individuals
involved and their circumstances. Ini-
tially, you may feel sad, angry or you

AP REPORT

may feel nothing. If you feel sad then
you more than likely turning events
inwards and blaming yourself for the
loss. Or you may direct angry feel-
ings outwards and blame the other
person. Feeling nothing may mean
you are just avoiding the whole del-
uge of emotions.

Discovering why something hap-
pened, and the person that we
emerge as, allows the forgiveness to
take place. We can then step aside
and release ourselves from the pain.
This is what is meant to be and this is
the direction our life is meant to take.

The scenario of letting go and
accepting the loss of a relationship
would seem like the natural process
of things. For some people, the course
of events is blocked by the other per-
son. This is often seen when children
are used as bargaining power. We
may feel as if we are held hostage in
the relationship and closure seems
impossible. Even if this takes place we
need to find a way to release our-

tings and need very little in the way of TLC. Once estab-
lished, they are an attractive foliage addition to the garden
and seem to act as insect deterrents.

gardenerjack@coralwave.com



By Maggie Bain

selves as individuals so that we can
move on with our lives.

Hopefully, at some point, this file
will be closed and filed away. You
will know by then if it will remain in
the back of the filing cabinet; never to
be reopened. On the other hand
because of mutual reasons, such as
children, it may have to be brought
out every now and then. When you
do it is important to remember to
handle your children's feelings with
care because they will be experienc-
ing similar emotions.

Things may still be more compli-
cated and you may have a stagnant
relationship that keeps you in limbo.
Relationships like this are suffocating
and very unhealthy. It is essential that
we continue working at our relation-
ships, or close them and file them
away. The goal is always to remember
to surround ourselves with good qual-
ity relationships that enrich our lives,
and keep away from those that pull us
down.

Pope seeks to start debate on condoms and AIDS

VICTOR L. SIMPSON,
Associated Press
VATICAN CITY

Pope Benedict XVI sought
to "kick-start a debate" when
he said some condom use may
be justified, Vatican insiders
say, raising hopes the church
may be starting to back away
from a complete ban and allow
condoms to play a role in the
battle against AIDS.

Just a year after he said con-
doms could be making the
AIDS crisis worse, Benedict
said that for some people, such
as male prostitutes, using them
could be a step in assuming
moral responsibility because
the intent is to "reduce the risk
of infection."

The pope did not suggest
using condoms as birth control,
which is banned by the church,
or mention the use of condoms
by married couples where one
partner is infected.

Still, some saw the pope's
comments as an attempt to
move the church forward on
the issue of condoms and health
risks.

For years, divisions in the
Vatican have held up any effort
to reconcile the church's ban
on contraception with the need
to help halt the spread of
AIDS. Theologians have stud-
ied the possibility of condon-
ing limited condom use as a

lesser evil, and reports years
ago said the Vatican was con-
sidering a document on the
issue, though opposition appar-
ently blocked publication.

One senior Vatican official
said Monday he believed the
pope just “wanted to kick-start
the debate." He spoke on con-
dition of anonymity because of
the sensitivity of the issue.

For the deeply conservative
Benedict, it seemed like a bold
leap into modernity — and a
nightmare for many at the Vat-
ican. The pope's comments
sparked a fierce debate among
Catholics, politicians and health
workers that is certain to rever-
berate for a long time despite
frantic damage control at the
Vatican.

In a sign of the tensions, the
Holy See's chief spokesman,
the Rev. Federico Lombardi,
rushed out a statement to
counter any impression the
church might lift its ban on arti-
ficial birth control. Lombardi
stressed the pope's comment
neither "reforms nor changes"
church teaching.

While much of the world
hailed Benedict's statement as a
major shift toward lifting the
church ban, conservatives insist-
ed the pontiff was not "justify-
ing” condom use from a theo-
logical point of view.

Many Vatican observers
were struck by the example the



(AP Photo/Noah Berger)

MASS: A processional starts mass at St. Ignatius Catholic Church on Sun-
day, Nov. 21, 2010, in San Francisco. Some Catholic believers in the Amer-
icas greeted Pope Benedict XVI's recent comments on condoms as a sign
that the church was stepping into the modern debate in the fight against
AIDS, though the church was adamant Sunday that nothing has changed
in its views banning contraception. There was praise and wariness for the
pope’s comments that condoms could be morally justified in some lim-
ited situations, such as for male prostitutes wanting to prevent the

spread of HIV.

pope used — that of a male
prostitute — though the com-
ments clearly were not meant
to condone prostitution or
homosexual conduct, which the
church condemns as "intrinsi-
cally disordered."

And while Benedict made
only a tiny opening, he stepped
where no pope has gone since
Pope Paul VI's 1968 encyclical
"Humanae Vitae," which was
supposed to have closed debate
on church policy barring
Catholics from using condoms

and other artificial contracep-
tion.

Notably, the pope chose to
make his statement in an inter-
view with a German journalist,
Peter Seewald, and not in an
official document. Excerpts of
Seewald's book, "Light of the
World: The Pope, the Church
and the Signs of the Times,"
first appeared Saturday in the
Vatican newspaper, L'Osser-
vatore Romano.

Luigi Accattoli, a veteran
Vatican journalist who will be

on a Vatican panel launching
the book Tuesday, said Bene-
dict had taken a "long-await-
ed" step that only the highest
authority of the church could
do."

Also on the panel is an influ-
ential prelate who showed his
independence last year when
he argued that Brazilian doc-
tors should not be excommu-
nicated for aborting the twin
fetuses of a 9-year-old child
who was allegedly raped by her
stepfather.

Monsignor Rino Fisichella
argued the doctors were saving
the girl's life and should be
shown mercy; he was forced out
as head of the Vatican's
bioethics advisory committee
for his stance.

Benedict previously had
shown little sign of budging on
the issue of condoms. Last year
while en route to Africa, the
continent hardest hit by HIV,
he drew criticism from many
health workers by saying con-
doms not only did not help stop
the spread of AIDS but exac-
erbated the problem.

With Benedict prone to
gaffes and crises — such as his
remarks likening Islam to vio-
lence that caused a fury in the
Muslin world and his lifting of
the excommunication of a
Holocaust-denier — some won-
dered whether it was again a
communication problem.

However, Seewald wrote in
the preface that Benedict had
reviewed the text and made
only small corrections.

Seewald, who wrote two oth-
er books of interviews with
Benedict while he was a cardi-
nal, spent six hours over six
days with Benedict at the papal
summer residence in Castel
Gandolfo in July.

The German-born pope
appears comfortable talking
with his fellow countrymen.
The only other interview the
pope has given was to German
television in 2006.

Beyond the debate within the
Roman Catholic church on its
condoms policy, it is unclear
how much effect the shift could
have on health policy in Africa.

Kevin O'Reilly, a World
Health Organization AIDS
expert in Geneva, said the
pope's comments "will remove
some barriers in Africa.”

"The fact that the Vatican is
demonstrating any flexibility at
all, and is considering the real-
world use of condoms, is
encouraging,” O'Reilly said.

"Some of the churches there
have been actively campaign-
ing against condom use," he
added.

"But I don't think there are a
lot of people making decisions
about condom use while wor-
rying about what the Vatican
is up to."

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THE TRIBUNE



TUESDAY, NOVEMBER 28, 2010, PAGE 11B



AUTUMN LEAVES CONCERT

By ALESHA CADET
Tribune Features Reporter

HE members of the Nas-

sau Chapter of The Links,

Inc will officially present

their “Autumn Leaves”
Concert that will feature an evening of
elegant music.

The event will take place at the at
College of the Bahamas’ Performing
Arts Centre, starting 8 pm and will raise
funds for the various projects the organ-
isation funds.

The concert will be feature the best of
home and abroad. The Concert features
the 2010 Marlin award winning Mount
Tabor Full Gospel Praise Team, The
Bahamas National Youth Choir, Pat
Rahming and Antoine Wallace and Ms
Nikita Wells from the Best of Broad-
way.

Cecilia Cooper, a member of the Nas-
sau Chapter of The Links, Inc told 77i-
bune Woman that one of the main pro-
jects has been the establishment of the
safe house for women and girls in crisis
in Nassau.

Links is an organisation of accom-
plished, dedicated women who are
active in your community. The Links
members are newsmakers, role models,
mentors, activists and volunteers who
work toward the realisation of making
the name “Links” not only a chain of
friendship, but also a chain of purpose-
ful service.

As stated on their website, the Million
Dollar Links Safe House for Women
in Crises was opened on October 17,
2003 in Nassau, Bahamas, through the
sustained efforts, determination and lov-
ing care of twenty six members of the
Nassau Chapter of The Links, Inc.

" The facility was built from dona-
tions given by numerous corporate
sponsors and fund raising activities put
on by The Nassau Chapter of The
Links, Incorporated with the support
of the community,” it stated.

Ms Cooper said the safe house works
very closely with the woman's crisis cen-
ter and the department of social ser-
vices.

"The Autumn Leaves Concert has
not been annual but this is the third



AWARD-WINNING: The 2010 Marlin award winning Mount Tabor Full Gospel Praise
Team is set to perform at the Autumn Leaves Concert.

concert of it's kind, this concert is in
aid of projects of the Nassau Chapter of
The Links, Inc " she said.

Speaking on the name of the concert,
she said: " We call it Autumn Leaves
because of the time of year and it is a
wonderful way to kick off the perfect
Holiday season.”

Giving a brief on the performers, Ms
Cooper added: " The Bahamas Nation-
al Youth Choir has actually produced
eight recordings to date and sung in
eighteen different languages. Also,

British brides live

[am icelmomcon ie]
wedding date

SYLVIA HUI,
Associated Press
LONDON

he wedding of Wills and

Kate is the only one that

matters next year. Unless,

of course, you're having
one yourself.

Britain is captivated by speculation
over where and when their prince will
wed — but few are keeping their eyes
peeled as much as British brides-to-be.
Planning the biggest day of your life is
stressful enough without having to com-
pete with a multimillion-pound (dollar)
affair that will be the biggest British
wedding — perhaps the biggest wed-
ding, period — in decades.

Fear and horror are spreading
through British bridal circles — and a
whole new batch of young women are
ready to pitch a royal hissy fit.

"If their wedding was on my wedding
day, I don't know what I would do!"
said Anna Whitcomb, 28, trying on wed-
ding dresses at a London department
store. "I know all my family members
and guests would want to watch the cel-
ebration and would be distracted.”

"I'm supposed to be the princess, and
now I have a real princess to compete
with,” she added. Chelsea Slipko, also
looking for a wedding gown at the store,
said she couldn't deal with sharing a
date with the royals.

"It's like having your birthday on New
Year's or your anniversary on Valen-
tine's day,” she said. "It's not just your
day anymore."

Prince William and Kate Middleton
are widely speculated to marry at West-
minster Abbey in central London this
spring or summer — giving other Lon-
don brides panic attacks at the prospect
of transport nightmares, fully booked
hotels and blanket security checks
throughout the sprawling city.

"It would be quite the unfortunate
coincidence if they got married when
all our guests would be traveling in from
the airports and out of central London,”
said 23-year-old Siobhan Gibney, whose
nuptials are planned for August in
Greenwich in suburban London.

"T just want our guests and the flowers
and cake to make it to Greenwich on
time," she added.

Brides with expensive tastes and elite
social connections have futher worries.
Will their orders for hand-engraved invi-
tations from royal stationers Smythson

(AP Photo/Matt Dunham)
ROYAL WEDDING VENUE? People walk
past Westminster Abbey in London, Friday,
Nov. 19, 2010. Westminster Abbey is the
leading contender for the wedding venue of
Prince William and Kate Middleton.

be delayed? Can they still get that 1,950
pound ($3,116)-wedding cake from the
queen's grocery supplier Fortnum &
Mason? Will the guest lists overlap?

One mother of the bride went so far
as to beg William's father Prince Charles
to pick a date that won't clash with her
daughters’ when she bumped into him
during a London appearance.

"My daughter said, please keep June
18 free, no one will come to mine," Nila
Gosrani told the heir to the British
throne as he was touring a museum.
Charles said he would pass the message
along. And it's not just ordinary com-
moners who could be upstaged. No mat-
ter what the date, William and Middle-
ton's wedding is likely to overshadow
the July 2 and 3 nuptials of Prince
Albert II of Monaco and former
Olympic swimmer Charlene Wittstock.

In the online wedding community, a
booming virtual sisterhood where future

Antoine Wallace is a recipient of a
young artist Award and he is currently
employed at the Bahamas Youth, Sports
and Culture."

In addition to those artist, local artist
Patrick Rahming is also set to perform
at the concert. " The Bahamas musi-
cian and Entertainment union has
recognised his contribution to the devel-
opment of the Bahamian music," Ms
Cooper said.

Admission is $25 for adults and $12
for children.

iene: ia (Nts
a NitewOlUl ara
1981 photo of
Britain’s Prince
Gi eValetom (stsiers
em aletee
maesoe eee
on the balcony
of Buckingham
Palace.

brides bond and share

every detail from centerpieces to brides-
maids’ shoes, the question rages: Should
you change your wedding date to avoid
the royals — or, in wedding parlance,
become their "date twin?”

Kim Rix, a London wedding planner,
had this advice: Avoid the day purely for
logistical reasons. But many brides-to-be
said there is little they can do about
clashing. Venues, caterers and photog-
raphers are usually booked months, if
not years, in advance, and couples must
put down hefty deposits on everything,
making it difficult to cancel or change
plans. "I don't think there's anything
you can do about it. It's impossible to
compete with the royal wedding," said
Thea Darricotte, 30. "You just have to
adapt to it.”

Rix said couples who do find them-
selves sharing the prince's big day could
record the royal wedding and play high-
lights for guests who don't want to miss
out on the national celebrations.

That could be fraught with awkward
moments, though, and less confident
brides may not fancy having their dress-
es or nuptials compared to a much more
glamorous, wealthy bride like Middle-
ton. "It really depends on the couple —
if they are royalists, for example — and
whether the bride is the kind of person
to take it personally,” Rix said.

Deborah Joseph, the editor of Brides
magazine, suggested couples marrying
next year take the royal wedding in
stride, incorporating a Union Jack or
royal theme “as a cheeky nod."

Brides-to-be have acquired a reputa-
tion as being unreasonable, intolerable
perfectionists — so-called "Bridezillas"
— partly thanks to such movies as
"Bride Wars," in which two best friends
try to outdo each other with vicious dirty
tricks after both booked the same venue
on the same day. Luckily, no one is like-
ly to be fighting with William and Mid-
dleton if they pick the hallowed venue of
Westminster Abbey, since only the roy-
al family, abbey staff and those given
the "Order of the Bath" — an order of
chivalry — are allowed to marry there.

But what happens if you are stuck?
Well, there could be other perks.

When Queen Elizabeth II and Prince
Philip celebrated their 50th anniversary
in 1997, they invited 50 couples who had
been married on the same day to a spe-
cial tea at Buckingham Palace.

So a royal garden party could await 50
years down the road — providing both
marriages last the distance.



4% The d’Albenas Agency Ltd.

Madeira St., Palmdale
Nassau, BAHAMAS
Tel: 242-671-1441

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THE TRIBUNE

By JEFFARAH GIBSON
Tribune Features Writer

ASPHER Knowles is fed up! He is tired of hearing voluptuous women say
they have to settle for boring bland clothing. He is tried of seeing the curvy
women do their figures a disservice by wearing unflattering pieces. And he is
tired of the small selection, local clothing stores offer the plus size women. Jas-
pher Knowles is about to make a fashion move similar to the one American plus
size designer Lane Bryant made in the early 1920’s. He is about to revolutionise ©
plus size fashion in the Bahamas with the launch of his chic, but edgy plus size =i,
clothing line “Drapery” at Dent the Runway showcase to be held at the British Colonial Hilton .
this Sunday.
With this new line couture steps from the catwalk to the side walk and women with curves can
be just as fashionable. The fashion showcase will feature a myriad of creation from Knowles which
will include his fashion forward clothing line as well as his denim col-
lection.

Organisers of the show said Dent the Runway will be “a celebrated
fashion debut featuring pieces that exude functionality, sophistica-
tion, and pizzazz. The show will feature four segments- denim, ready to
wear, high fashion.

“T have been involved in the so called skinny world for a very long
time. Then I started working with plus size pageants. After that I
became involved in everything that is centered around plus size
women. I realised that plus size fashion was a good thing. Drapery is
a plus size fashion line for the fashion forward woman. It features
some very nice pieces that are functional as well,” said Mr Knowles.

Inspired by his travels as well as his observation of the fashion
industry locally, Mr Knowles is determined to change the way full fig-
ured women look. So instead of curvy women settling for flats, 4 inch
heels and clothing that screams sex appeal with a voice of confi-
dence is what the designer envisions.

' | “A lot of the stuff that I have seen in pictures is what not to wear.
oe But I wanted to reinvent certain looks and show women that they can
be plus size and still fashionable,” he said.

In the near future the Bahamian designer said that he want to open his very own manu-
facturing company. “I want to give young people the opportunity to work for a fashion
house. I want to also be the major supplier of full figured denim jeans so Bahamian clothing
outlets would be able to get them directly from Bahamian manufacturing company,” he said.

Jasper Knowles has his eyes set on becoming a fashion icon. His Drapery line was recent-
ly featured at Full Figured Fashion Week in New York City in June. Fueled by the desire to
become the world’s largest plus size clothing distributors Knowles has selected a number of
international models along with Bahamian models as well.

Jaspher Knowles has been designing evening gowns since the age of seventeen for
pageant queens locally and internationally. He has worked tirelessly to bring plus fashion as
a staple in the Bahamas. Forming his own fashion company Vintage House which encom-
passes couture Plus Modeling Agency, Ms Plus World Pageant and clothing lines such as
Drapery, Thin Line, and Sheer-fon. Jaspher is committed to creating a platform for the
plus size community in high fashion. His designs have been showcased in publication such
as MANIK Magazine.

Tickets to Dent the Runway can be purchased through www.vintagehousebahamas.com
or purchased at clothing retailer La Chica Caliente located on East Street and Indepen-
dence Drive. Doors open at 7pm but the show begins at 8pm.

TUESDAY, NOVEMBER 23, 2010



LOOKING GOOD:
Drapery full figured
fashion line by
Bahamian designer
Jaspher Knowles,
features pieces that
exudes, functionality,
sophistication, and
pizzazz.

Drapery is a

plus size

fashion line

for the fash-

ion forward
woman. It fea-
tures some very
nice pieces that
are functional as
well.”

Jaspher Knowles,
who is launching the
first Bahamian plus
size fashion line

FASHIONABLE

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Litra Ther

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Distributed bry:

a : Bahamas Wholesale Agencies, East West Hwy. + tat 242-394-1750 * fenc 202-354-1859 + emall: bwallbahamaswholeaaie.com
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Full Text
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TUESDAY, NOVEMBER 23,2010

CARS FOR SALE,
al

Police hold walkabout

Family promised update from
Commissioner Greenslade

By AVA TURNQUEST
Tribune Staff Reporter
aturnquest@tribunemedia.net

TENSION in the Bain
Town community, whose
residents lament the fatal
shooting of one of their own,
remains high following the
high profile police walkabout
yesterday.

Family members of 19-
year-old Sharmoco New-
bold, and residents of Hos-
pital Lane — where he was
shot — were promised by
Police Commissioner Ellison
Greenslade that an update
on the matter would be giv-
en this evening.

Mr Greenslade also con-
firmed yesterday that the
officer firing the fatal shot
was a full fledged member
of the Royal Bahamas Police
Force, refuting claims that
he was a reserve.

Mr Greenslade said:
“Given what I personally

saw here on Saturday, we
know that this is the right
thing to do. To come back
and in a very personal way,
connect with the residents of
this area, with the view to
finding out what the issues
are that would have led to
what we saw as a disturbance
on Saturday.”

Grief turned to fury in
Bain Town following the
fatal shooting of a 19-year-
old youth by an officer on
patrol in the area.

In his initial report, Com-
missioner of Police Ellison
Greenslade said officers
were on patrol in the area
of Hospital Lane and Mead-
ow Street when they saw a
young adult male with what
“appeared to be a weapon
in his possession."

It was further reported
that when the armed officers
approached the young man

SEE page eight



Bain flown

BAIN TOWN WALKABOUT: Officers including Police Commissioner Ellison Greenslade talk to residents
in the Bain Town area yesterday. Crime scene tape lies in the foreground.

CHRISTIE: BAIN TOWN EVENTS A CONSEQUENCE OF GOVT FAILURE

By TANEKA THOMPSON
Tribune Staff Reporter
tthompson@tribunemedia.net

those in government and law
enforcement to infiltrate seething
communities and start a dialogue
that could prevent future episodes
like Saturday's standoff between
police and troublemakers.

He also faulted the Ingraham
administration for its focus on "mil-
itary” style policing — investing
financial resources into more equip-

SEE page eight

THE Bain Town disturbance is a
consequence of the Government's
failure to put its finger on the pulse
of crime and spearhead community
outreach projects, claims Opposi-
tion leader Perry Christie.

The former prime minister sees
the incident as a call to action for



PLP LEADER
Perry Christe

SEE SECTION E





PRICE —75¢ (Abaco and Grand Bahama $1.25)



50% OF MORTON
_ SALT EMPLOYEES
_ SET TO BE LAID OFF

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

SEVENTY-TWO

i employees at Morton Salt
? — constituting about 50 per
i cent of the company’s work-
i ers—are expected to be laid
i off in the first week of
i December as excessive rain-
i fall in Inagua has halted salt
? production.

Speaking with The Tri-

i bune from the company’s
? head office in Chicago yes-
i terday,
i Bahamas Limited’s gener-
? al manager Glen Bannister
i said they fully expect to
i rehire those laid off, hope-
:? fully early in the new year,
i once production levels
? return to normal.

Morton Salt

“We have had 25 per cent

i more rain than normal for
i? this time period. We are at
i? the mercy of the weather so
i we can’t say when we will
i be back up to normal oper-
? ation. But we anticipate it
i would be at least until the
i beginning of next year
i before we can say,” he said.

With a current staff com-

plement of 144 people, Mr
i Bannister said they expect

SEE page eight

_ FIRM ADVISED PLP
- GOVT ‘NOT TO GIVE
_ ATLANTIS MORE

- CONCESSIONS’

? By TANEKA THOMPSON

i Tribune Staff Reporter
; tthompson@tribunemedia.net

A PRIVATE consultan-

i cy firm advised the former
i administration not to give
? more concessions to Atlantis
i during negotiations for its
i phase three project because
i the mega-resort was already

"sufficiently profitable," for-

mer Prime Minister Perry
i Christie told The Tribune
i yesterday.

The Opposition leader

i said despite this advice, his
i administration gave Kerzner
i International concessions
? worth 20 per cent of its
i investment. He added that
i when negotiating the Baha
i Mar deal during his term in
i office he sought local and
i international legal advice to
? ensure he did not violate the
i most favoured nation clause
? in government's Heads of
i Agreement signed with
i Kerzner International in
? 1993 and strengthened in
i 2003.

"We commissioned this

i company, HVS, to engage
i in a report to examine the
i question of concessions,
i because we were negotiat-
i ing the third phase of

SEE page eight

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PAGE 2, TUESDAY, NOVEMBER 23, 2010 THE TRIBUNE
LOCAL NEWS

BAIN TOVVN DISTURBANCE: AFTERMATH







Community elders
give their views

One day after the mayhem sparked by the fatal shooting of
19-year-old Sharmoco Newbold by a police officer in Bain Town,
community elders give their perspective.



Felipé Major/Tribune staff

BURNING RAGE: A scene of mayhem in Bain Town.

PROPHET EZEKIAL JOHNSON
51-year-old resident of Hospital Lane



G G This is one of the most prestigious zones in the
whole of Bain Town; this ain’t the zone where you
can come fire a shot. If Hospital Lane was a gang-
banging place, people would have said “Yeah, that

corner around there, they always shooting people up, making
problems,’ instead of coming here and reacting the way they
did.

“The commissioner grow up under me, we see eye-to-eye
on many things before he even think to be a commissioner.
Same thing with brother Marvin Dames — I used to watch
him run around here in his little shorts. This just to show you
the closeness between people who haven’t made a connec-
tion with the community for a long time until this come
about. See, you don’t need to make a connection when this
come about — you need to make a connection before this
come about.

“So I say they was slow in dealing with the community.
You could come deal with the young fellas —- remember I
don’t have a problem with that — but you should also check
the elders among you to find out exactly what’s taking place.

“This come about due to the lack of interest in making
connections with poor people. See when you poor, we don’t
want too much to do with you.

“Get a little closer with your community, check your peo-
ple, they will tell you the pros and cons. They will tell you
what is right and what is wrong. At the end of the day that’s
just our downfall.”

JULIETTE BARNWELL
76-year-old resident of Hospital Lane since 1976



6 6 I wasn’t here Saturday when the shooting occurred,
but see, what I can’t understand, the police are
always harassing these boys. I have come home
many a day and they (police) see the crowd over

there and they go over there and they search them and then
they leave because they don’t find anything. I don’t think it’s
fair the way they treat them.

“Tm not saying they’re angels you know, but I mean treat
people like human beings.

“To see these young boys, they were all in tears. I felt that
myself. I have never seen so many young persons — mostly
the boys — were crying. They were really crying.

“T can’t understand why he ran, I don’t know, but even if
he ran and he was shot, there must have been a way to shoot
at a body without killing. There must have been a better way
to shoot. I don’t think you had to shoot to kill.

“[’m not saying they should not shoot, but there must be a
way to shoot to wound rather than shoot to kill. That could
have been anybody, and then the people have children over
there, in the apartments.”



PHOTOS: Tim Clarke/Tribune staff

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



TUESDAY, NOVEMBER 238, 2010, PAGE 3

POLICE IN BAIN TOWN

By AVA TURNQUEST
Tribune Staff Reporter
aturnquest@tribunemedia.net

CONFIDENT that police
action in Bain Town this Sat-
urday was extreme and unnec-
essary, family members of 19-
year-old Bradley Sharmoco
Newbold are demanding a
change of approach to current
law enforcement strategies.

In an interview with The Tri-
bune early yesterday morning,
loved ones called for greater
respect and empathy towards
residents of inner-city commu-
nities by police.

Police Commissioner Elli-
son Greenslade promised the
family members and concerned
residents, who are demanding
answers for Mr Newbold’s fatal
shooting, that an update on the
matter would be given this
evening.

Mr Greenslade said: “We
had a very productive meeting
with members of the family —
all still grieving — quite a loss
for them, and, of course, they
had a lot of questions. We
promised them in the shortest
possible time we will have clear

answers to every single ques-
tion that they posed — and that
is a commitment.”

At Princess Margaret Hos-
pital yesterday to identify Mr
Newbold’s body, family mem-
bers said that although they are
cooperating with the police
investigation, they remain dis-
satisfied with police actions and
unconvinced of Mr Newbold’s
culpability.

One relative said: “They
took too long to take control
of the situation, it took them
an hour to get there after they
already gunned him down. It
could have been avoided. Their
approach needs to be more car-
ing to these people. Just
because it’s Bain Town that
doesn’t mean everyone is illit-
erate. They need to be com-
passionate. We understand that
they need to carry out the law,
but they have to be profession-
al with their job. They harass
these young people, they make
criminals out of these young
people.”

The sentiments expressed by
relatives were echoed by resi-
dents throughout the Hospital
Lane area yesterday, who



Family demands a change to
police approach after shooting

remain emotionally charged
over the death of a well-known
member of their community.

The young man, who lost
both parents before he became
a teenager, was said to be the
sole provider for his grand-
mother and siblings. Accord-
ing to relatives, Mr Newbold
was currently enrolled at BTVI
and worked as a delivery boy
for Butler’s Bargain Mart.

After news of his death by a
police officer spread through-
out the community on Satur-
day, police reinforcements,
members of the media and res-
idents were pelted with stones,
a squad car was burnt to a shell,
and a ZNS vehicle was severe-
ly damaged.

Another relative added: “It
wasn’t a riot basically a few
people who got angry about
what the police were doing. The
people from the community —
they said they were tired of the
police coming in and harassing
the community, belittling the
people. Harassing them just
because we are people from
Bain Town. The police treat
them totally different, they
would never go to the West and

Two more shootings over weekend

TWO shootings occurred
Sunday night, bringing the
number of people killed or
injured by knives or guns
over the weekend to seven.

Just after 9.30, police were
called to a shooting on
Eneas Street, between Poin-
ciana Avenue and Meadow
Street.

Witnesses said the victim
and another man were
standing together when two
men in a Nissan Altima
pulled up.

The passenger pulled out
a handgun and fired several
shots, hitting the 24-year-old
victim in the hand.

He was taken to hospital
in a private car, was treated
and discharged.

Police say they are fol-
lowing significant leads in
connection with the matter.

"Its not a bad idea to
consult your mechanic
before adding more
than a quart of oil,
between service
intervals,”







A few hours later, at 11.30
pm, police were called to the
scene of a shooting in Gam-
bier Village.

Two men were walking
near a bar when a person or
persons reportedly got out
of a black jeep and fired
shots at them.

One of the men was hit
several times. He was taken
to hospital in a private car
and is listed in serious, but
stable condition.

These incidents came after

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a man was injured in a
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and killed during an armed
robbery; a man was mur-
dered on his doorstep on
Bacardi Road; another man
was stabbed to death at Fort
Charlotte; and 19-year-old
Sharmoco Newbold was
shot by police during an inci-
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PAGE 4, TUESDAY, NOVEMBER 23, 2010

THE TRIBUNE





EDITORIAL/LETTERS TO THE EDITOR

The Tribune Limited

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

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

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

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

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

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

Publisher/Editor 1972-

Published Daily Monday to Saturday

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

TELEPHONES
Switchboard (News, Circulation and Advertising) 322-1986
Advertising Manager - (242) 502-2352
Circulation Department - (242) 502-2387
Nassau Fax: - (242) 328-2398
Freeport, Grand Bahama: 1-(242)-352-6608

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

Land left to Bahamians part of the deal

SOMEONE ASKED if we thought it true
the reason Opposition Leader Perry Christie
gave as to why he did not sign off on the
Baha Mar project before the 2007 election.
At the time — two days before the election
— Mr Christie, in his final hours as prime
minister, was still dealing with the project.
Apparently, Mr Christie has said that the
election was so near that it would not have
been fair to have closed the deal at that time
— remembering, of course, that it was a
matter that had engaged his mind and his
time for almost all of his five years in office.

Obviously, Mr Christie, confident of win-
ning the election, decided it best to leave
“sleeping dogs lie.” After the election he
could present the House with a final docu-
ment, secret agreements and all. There might
have been a public outcry, but his election
would have been secured and he would have
been in a position to sit back and tune out
the grumbling.

Whether this was the real reason for not
signing before the election we do not know.
However, we do know that he would have
scuttled his election if all the Baha Mar spe-
cial “deals” were known before voters went
to the polls.

Bahamians, were already agitated about
what the sip-sip was spreading about the
“secret clauses.” And so, in our opinion, Mr
Christie, being a true politician, thought it
wiser to tip-toe around those clauses until
after the election.

As a result Prime Minister Ingraham has
been left with the unenviable task of unrav-
elling a rather confused situation.

Although Prime Minister Ingraham dealt
in detail in the House of Assembly with the
land involved in the Baha Mar deal, readers
are still asking questions. They are particu-
larly concerned about what would happen to
the 264.965 acres of Cable Beach land should
the project fail.

Mr Ingraham was very clear on this point.
He told the House on November 18:

“Tt is the view of my Government that it is
an untenable position to permit any foreign
state to own land in the Bahamas. Under
the law, any financial institution providing
funding for a development in the Bahamas
has a number of alternatives to protect their
interest should that project fail. One of these
protections is foreclosure... Should this pro-
ject not succeed, and I have no reason to
believe that it will not, and should I be in the
position that I now hold, my Government
would not agree to foreclosure on these

properties (previously Crown land) to any
foreign state or any entity which is owned by

a foreign state.”

And so, should he still be prime minister,
and should the project fail — which he
doubted — Cable Beach would not be
owned by a foreign state — it will remain the
property of the Bahamas.

Mr Ingraham went to great lengths to
differentiate between government-owned
land, which could be sold, and Crown land,
which was not for sale. The Christie admin-
istration sold both.

Mr Ingraham said that the Opposition
had tried to equate the sale of the two gov-
ernment-owned hotels during the first FNM
administration in the mid-1990s by the Hotel
Corporation to the sale of leased Crown
land agreed by the Christie administration in
2005.

He pointed out that the hotels sold by the
first FNM administration were freehold
property —not Crown land. They were pur-
chased by the Bahamas government and lat-
er sold by the FNM government.

However, the land on which the Wynd-
ham Crystal Palace Hotel and Casino, the
Sheraton Cable Beach Hotel and the Nassau
Beach Hotel sit was Crown land — not free-
hold — which, said Mr Ingraham, “has from
time immemorial been long leased for devel-
opment, but never sold, to the private sector
by each government of the Bahamas
whether prior to Independence or after—
that is not until 2005 when it was sold” by the
Christie government.

“The Hobby Hall parcel and the Cable
Beach Golf Course was private land con-
veyed to the Government of The Bahamas
for the perpetual benefit of the Bahamian
people. It's ownership in trust for the
Bahamian people has been respected by suc-
cessive Bahamian governments whether
UBP, PLP or FNM — up to 2005.”

How this gift to the Bahamian people
could have been part of a deal with Baha
Mar is beyond us. We believe this was the
parcel of land owned by the Oakes Estate
and left in perpetuity for Bahamians.

Mr Ingraham said that the 2005 agreement
signed between the Christie government and
Baha Mar, “set terms determining condi-
tions under which the Government must
transfer certain parcels in fee simple to Baha
Mar.”

This is the tangled web that Mr Christie
left behind and which Mr Ingraham is now
trying to untangle.



Missing pieces
of the Baha
Mar puzzle

LETTERS

EDITOR, The Tribune.

While I see myself as a rel-
atively intelligent person I
admit that I do not know
everything. That being said, I
feel I am not the only
Bahamian missing some
pieces of the Baha Mar puz-
ale.

The newspapers we have
reported that, $400 million in
construction work will go to
Bahamian firms. 8000 Chi-
nese will be employed along
with about 3000 (maximum
4,500) Bahamians. All this
from a $2.6 billion resort
development. Yay!! This is
great, undoubtedly for the
Chinese as well as the
Bahamas. I do have some
questions. The water and sew-
erage corporation does not
have sufficient supply to pro-
vide Seabreeze lane with

letters@tribunemedia.net



water during peak supply
hours between 6am-7am or
9pm-10pm even when both
barges are running. How will
they maintain the supply for
8,000 more people and a mon-
ster construction project at
the same time? If they do
make sure the development
has water what will be the
impact on the rest of New
Providence’s water supply?
Secondly, There has not
been another development
rivaling Atlantis for years on
this island and the power sup-
ply issues raised earlier this
year still have not been
resolved. How will we pro-
vide power for another resort
development of this size? If

we do provide them with the
power, how many Bahamians
will go without? Tourism is
our economy’s flotation
device and the flow of guest
dollars keeps each hotel buoy-
ant. How can we expect our
small hotels to remain func-
tioning when the current 65
per cent occupancy is divided
further by such a huge hotel?
I see no view of the future in
this development, no desire
to protect or enhance the
Bahamian way of life. Isee a
front loaded investment des-
tined to fail on the Cable
Beach foreshore. I do not see
sustainability. We as Bahami-
ans need to stand against this
type of development.

ANCILLENO DAVIS,
M Sc

Nassau,

November 19, 2010.

Proud of way the PM is batting
for Bahamians over Baha Mar

EDITOR, The Tribune.

Please allow me to say how proud I am of
our Prime Minister, The Right Honourable
Hubert Alexander Ingraham and the fine job
he is doing in guiding our country through

these difficult times.

Iam especially proud of the way he is going
to bat for the Bahamian people as it relates to
the Baha Mar project. Every intelligent right
thinking Bahamian should be supporting him.

is why Ingraham’s challenge to China is so
precedent setting. And as the title to this com-

mentary indicates, ‘China putting the squeeze
on the Bahamas’ it behooves all leaders in our
region to support, and be prepared to emulate,
the stand he’s taking: for together we must

stand, divided we fall.”

I urge regional leaders to publish an open
letter of support to show solidarity with Ingra-
ham when he addresses this labour issue with
Chinese officials later this month, (October) in

He is not only standing up for our rights but
also our sovereignty as a people and a nation.

Weak brainwashed Bahamians must stop
“politicking” with the opposition and truly see

China no less...

Every Bahamian should get a copy of this
article and read it in its entirety.

They should also view the movie: “China

the good in what our Prime Minister is doing
for our country before it is too late!
They need to read an article that appeared in

The Nassau Guardian’s the national review —

Monday, October 25, 2010. It is written by
Anthony L Hall, International lawyer and
political consultant headquartered in Wash-
ington, DC. He is a descendent of Turks and
Caicos Islands. In part he said, a I quote: “This

Nassau,

Cry”— a true story of a Chinese woman and
how she was treated because she refused to
renounce her Christianity.

DEREK GRAY
October, 2010.

(This letter was written before Mr Ingra-
ham’s trip to China. — Ed).

Kerzner entitled to take issue with
concessions given to Baha Mar project

EDITOR, The Tribune.

Mr Kerzner is well within
his rights to take issue with
the level of concessions giv-
en to the Baha Mar project;
especially the real estate com-
ponent. The general consen-
sus has always been that Baha
Mar was an attempt by the
Christie administration to sur-
pass what the Ingraham





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administration has achieved
with Atlantis. Historically, the
relationship between the PLP
and the Kerzner Group has
always been strained since
their attempts to enter the
local market at an earlier time
was not met with a favourable
response.

There were many in South
Africa who took issue with
Mr Kerzner, especially the
tribal land owners whose ter-
ritories were negatively
impacted by his business ven-
tures — Sun City comes to
mind. However, the cost of
“doing business” has always
been a socio-cultural sticking
point that politicians have
always used to their advan-
tage, but, this obvious indis-
cretion that will be placed on
the doorstep of the past
Christie administration is war-
ranted.

Governments need to be
reminded that they are
responsible for what they
meet in the works if there is a
change in administrations and
the FNM has to be congratu-
lated on the way they go
about doing the business of
the country and most of their
work has been that of clean-
ing up, straightening up or
regulating.

The PLP under its present
leadership is able to talk a
good game, to the point of
presenting new ventures, but
they seem to be clueless about
the working-out of the details.
It is like they tell us where we
are going, but need the FNM
to get us there.

EDWARD
HUTCHESON
Nassau,

November 18, 2010.

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THE TRIBUNE

Police kill man wanted

TUESDAY, NOVEMBER 23, 2010, PAGE 5
LOCAL NEWS

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for questioning over
attempted murder

REPORTS reached The
Tribune late last night that
38-year-old Walden Mitchell,
who was wanted for ques-
tioning in connection with
the attempted murder of a
police officer, was shot
dead by police on Robinson
Road.

Mitchell was wanted for
questioning after PC 3331
Johnson was reportedly shot
in the face by a fleeing sus-
pect just after 6am on Mon-
day.

The incident occurred
while PC Johnson and other
officers were on routine
patrol near the corner of
Palm Tree Avenue and 3rd
Street in Coconut Grove.

They reportedly saw a man
who was wanted for ques-

tioning in connection with a firearms com-

plaint.

When the officers approached the suspect,



WALDEN MITCHELL

he reportedly opened fire,
hitting PC Johnson in the
jaw.

The officer was rushed to
hospital in the patrol car and
is now listed in stable condi-
tion.

Mitchell’s last known
address was Roland Street in
New Providence.

Police also reported that an
armed robbery took place at
around 3am on Monday in
the parking lot of Common-
wealth Bank on East Bay
Street.

A 22-year-old Carmichael
Road man was reportedly in
the parking lot when he was
approached by two other
men, one of them armed with
a handgun.

They robbed the victim of

his jewelry and fled the area heading in an

unknown direction.

Police are investigating both incidents.

Police search for one-eyed man in
connection with rape allegation



LL BETTER NOT
Tick ME OFF !1!

POLICE in Grand
Bahama want to question
Savanna Sound, Eleuthera
native Randy Albert Gib-
son, alias Randy Rolle, in
connection with a rape alle-
gation.

Mr Gibson, 50, is
described as being of light
brown complexion and mus-
cular build, with dark brown
eyes and short hair.

He is 5°11” tall, weighs
170-190 Ibs, speaks with a

4

LAS

stammer and has only one
eye.

His last known address
was 143 Market Street, Nas-
sau.

Police say Gibson should
be presumed to be armed
and extremely dangerous.

Anyone with information
concerning his whereabouts
should call Grand Bahama
police on 352-9774/5 or 350-
3107/8, or 911 immediate-

ly.

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Attorneys call for lenient sentences for

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pair convicted of baby manslaughter

By NATARIO McKENZIE
Tribune Staff Reporter
nmckenzie@tribunemedia. net

ATTORNEYS represent-
ing a mother and her former
boyfriend convicted of
manslaughter in the 2007
death of her one-year-old
son yesterday appealed to
the judge in the case to be
lenient in sentencing the pair.

Makisha Brown, 25, and
Leroy Rolle, 20, were con-
victed of manslaughter in the
death of Levano Brown in
mid-September.

The child reportedly suf-
fered blunt force trauma to
the head and abdomen, lac-
erations to the head and
bruises about the body on

CONVICTED: Makisha Brown, 25,
and Leroy Rolle, 20

March 7, 2007.

Brown and Rolle were
acquitted on a murder charge
but were convicted on the
alternative charge of inten-

ARMED ROBBERIES INVESTIGATED

By DENISE MAYCOCK
Tribune Freeport Reporter
dmaycock@tribunemedia.net

FREEPORT - Grand Bahama Police are investigating two
separate armed robberies.

Asst Supt Hector Delva reported that the first occurred
around 11.12pm on Sunday in the Lucaya area.

Aman reported to police that after arriving at his home, he
was attacked in his bedroom by someone armed with a knife.

He said the culprit, who was accompanied by another person,
tied him up and robbed him of a black 19” Flat screen televi-
sion, a silver satellite receiver, and a gold chain with a cross
charm, together valued $1,400, and a wallet containing personal
items.

ASP Delva said the culprits then left in the man’s red Ford
Ranger truck licence plate number 6632.

Several hours later, police received a report of another
armed robbery in the Eight Mile Rock area.

The male victim reported that three armed men forced their
way into his home sometime around 3am.

The culprits robbed him of an undetermined amount of
cash and fled the scene on foot.

The matters are being investigated by officers from the Cen-
tral Detective Unit.



\ YELLOW

tional manslaughter.

Brown and Rolle were
back in the Supreme Court
yesterday for a sentencing
hearing before Senior Justice
Anita Allen.

Attorney Daron Bain, who
represents Brown, told the
court that his client had had
a troublesome childhood and
had found herself in an
unfortunate situation. He
also noted that Brown had
not had a good relationship
with her mother, a relation-
ship which he said has since
improved.

According to Mr Bain,
Brown now has a more sta-
ble environment and is the
mother of a five-month-old
girl.

He submitted that Brown
has already paid, having lost
one child, and asked the
court to be lenient in sen-
tencing.

Attorney Dorsey McPhee,
who represents Rolle, asked
Senior Justice Allen to take
into consideration the fact
that his client was 17 years
old at the time the offence
was committed, and that he
has already been incarcerat-
ed for almost 29 months. Mr
McPhee asked the judge to
be as lenient as possible in
sentencing his client.

Senior Justice Allen
deferred sentencing to

Thursday morning.








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Es)
hal
PHONE: 322-2157

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PAGE 6, TUESDAY, NOVEMBER 23, 2010

THE TRIBUNE



LOCAL NEWS

Letisha Henderson/BIS

Robinson Road to
Prince Charles is
closed to install pipe

By KATHRYN
CAMPBELL

MOTORISTS are urged
to plan their journeys ahead
of time and leave home ear-
lier with yesterday’s closure
of Robinson Road to Sol-
dier Road beginning from
the intersection at Grace
Avenue and Old Trail
Road. The road is being
closed to facilitate the instal-
lation of a 24-inch pipe.

Charlene Collie-Harris,
engineer and public rela-
tions officer for the Ministry
of Public Works and Trans-
port, said the roadway
would be under “full road
closure” as the existing
pavement does not allow
traffic to flow while the pipe
is being installed.

“The work is taking up
much of the roadway now
(from Marathon Road to
Grace Avenue) and we
have another area on the
entire roadway to install this
water and sewer pipe.
We’ve only been able to
grant one lane of traffic in
each direction,” she said.

Ms Collie-Harris
expressed satisfaction with
the 700 ft of pipe that has
already been installed since
work began between Old
Trail and Marathon Road

eee a al

PRINCE CHARLES DRIVE
Corridor 13B

The intersection of Sayle Avenue and Old Trail Road will be
affected as the works progress eastbound along Robinson Road

to Prince Charles Drive.

PHASE II
Motorists travelling in the following directions should divert to
the specified routes indicated below or seek an alternate route to
their destination.
Old Trail Road: Motorists should use Soldier Road as an alter-
nate route.
Sayle Avenue: Motorists should use Marathon Road and Samana

Drive as an alternate route.

PHASE III

The next phase is to commence upon completion of the newly
installed 24-inch water main pipe at the intersection of Sayle

Avenue and Old Trail Road.

Motorists travelling east-bound on Robinson Road towards
Prince Charles Drive should divert onto Old Trail Road and Soldier
Road and continue to their destination.

While the works are ongoing, access will be granted to residents
and local businesses that may be affected during the construction

phases.

The public is advised to drive with caution as they approach the
work zone, obey the flagmen, observe the signage defining the
work area and use the alternate routes provided.

on November 15. She said
contractors are progressing
well and the work should be
completed before the
Christmas holidays.

In keeping with contract
specifications, work on the
New Providence Road

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Improvement Project is
expected to wrap up for the
holidays as of December 15.

“From the week of
December 15 leading up to
December 22 the contrac-



CHARLENE COLLIE-HARRIS, engineer and public relations representative for the New Providence Road
Improvement Project, along with Sgt Garland Rolle of the Traffic Division of the Royal Bahamas Police Force
ask motorists to exercise caution while Robinson Road from Grace Avenue to Old Trail Road is closed begin-

ning yesterday.

tor will be making the site
safe and ready for traffic. If
there is an area that is open,
that area will be closed
regardless of the completion
of the work. We have a
specification that we must
follow. During the Christ-
mas holidays no construc-
tion work is allowed to take
place. The work will com-
mence as early as January
6, 2011,” Ms Collie-Harris
said.

In addition to an
“extremely” nice, new road-
way, Ms Collie-Harris said

the public can look forward
to new underground infra-
structure and a smooth flow
of traffic once the work is
completed.

“Once we’ve completed
the New Providence Road
Infrastructure programme
we should expect to reap
the benefits.

“We acknowledge that
there is still much traffic as
the amount of vehicles on
the road has not changed.
However, the flow is con-
sistent as long as you make
a Steady speed, plan where

you want to go and choose
your lanes wisely,” she said.

On behalf of the Ministry
of Public Works and Trans-
port, she apologised to the
public, business owners, res-
idents and motorists for any
inconvenience caused. We
are leaning heavily on the
police for their assistance
with enforcement on the
roadways and we’re asking
the public to abide by the
rules and pay attention to
the traffic management
measures in place,” she
added.

By GLADSTONE
THURSTON

FOOD processing has
taken on added impetus
thanks to a new unit estab-
lished by Bahamas Agricul-
tural and Industrial Corpo-
ration (BAIC).

Headed by senior food
processing officer Tonjia
Burrows, the unit recently
completed a series of work-
shops on how to add value
to locally grown produce.

“We throw away far too
much food that could be
preserved in various forms
and used when needed,”
said BAIC executive chair-
man Edison Key.

“As the old folks use to
say: waste not want not.
Food processing and
preservation will definitely
go a long way toward
national food security.”

Toward that end, Mrs
Burrows and her team have
been on a mission to make
Bahamians aware of the
importance of food pro-
cessing.

“We want to empower
Bahamians to be self-suffi-
cient,” said Mrs Burrows.
“For too long we have been
depending on others to pro-
vide for us. As an indepen-
dent nation we must take
care of ourselves.”

She said workshops in
Exuma, Andros, Abaco and
Eleuthera were over-sub-



BAIC SENIOR FOOD PROCESSING OFFICER Tonjia Burrows learning how to make soy milk during

a workshop in Belize.

scribed with participants
“eager to learn.”

“A lot of fruit and veg-
etables go to waste because
no market is found for
them,” she said.

“This is an opportunity
for Bahamians to take farm
produce that might have
otherwise gone to waste
and turn them into viable
products.”

As an employee of the
Ministry of Agriculture,
Mrs Burrows studied under

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senior food processing offi-
cer Keith Daley.

Shortly after joining
BAIC she was asked to
take on the challenge.

She furthered her studies
in food processing at the
Ministries of Agriculture in
Jamaica and Belize with the
assistance of the Inter-
American Institute for
Cooperation on Agricul-
ture.

“There are many aspects
of the food processing
industry — juices, chips,
dehydrated fruit and veg-
etables, pickling, jams, jel-
lies, pepper sauces, spices —
the list goes on and on. All
of them can be produced
right here in the Bahamas.

“When we teach the basic
food processing technique
we try to get Bahamians to
be more creative.

“And this is an additional
way for them to understand
the safety mechanisms that
go along with preserving
food,” Mrs Burrows said.

With the spotlight on



New Providence, next year
the focus will be on cheeses,
soy milk, herbs and spices.

Dehydration is a method
of food preservation catch-
ing the interest of Bahami-
ans.

“During tomato season,
for example,” she said, “we
throw away a lot of toma-
toes that do not meet the
grade 1 standard. We can
dry tomatoes and turn them
into powder which is used
for sauces and other prepa-
rations.

“And that is just one of
many ways to process toma-
toes and have them avail-
able all year round.

“The same can be done
for other native fruit and
vegetables.

“We encourage Bahami-
an farmers to add value to
their produce through pro-
cessing.

“Tam very passionate
about this because it is very
important that we learn
how to take care of our-
selves,” Mrs Burrows said.

BAIC SENIOR
FOOD PROCESS-
ING OFFICER
Tonjia Burrows
(right) and work-
shop participants
sample banana
chips.
PAGE 8, TUESDAY, NOVEMBER 23, 2010

THE TRIBUNE



LOCAL NEWS

Tensions remain
nigh in Bain town

FROM page one

"shots rang out from both
sides and a short while there-
after it was confirmed that a
young adult male resident in
the area was deceased."

Police reinforcements,
members of the media and
residents were pelted with
stones, a squad car was burnt
to a shell, and a ZNS vehicle
was severely damaged by
people protesting the shoot-
ing on Saturday.

Speaking to members of
the press yesterday, Mr
Greenslade said: “Generali-
sations are a little dangerous,

Alc \a/C

in respect to police officers
being corrupt, we have our
fair share of problems.
Where we have reports that
have been made, properly
investigated, we have taken
swift and decisive actions
against our very own. In this
incident it will be no differ-
ent.”

However, some residents
remain unconvinced. For
some in the community, par-
ticularly the close friends and
neighbours of Mr Newbold
and his family, the circum-
stances of his death were
unforgivable and sympto-
matic of a severely deterio-

For breaking news alerts

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rated relationship between
police and the community.

During the police walka-
bout of the area, one resident
said: “Something like this,
this could be over in a minute
you know. It could just settle
down and die, as long as the
truth be told. See this get
something, the repercussion
of this is the truth not being
told. The box would be put in
the grave with lies on him,
whosoever doing it, or
whosoever think they could
get away with it.”

In Hospital Lane yester-
day, young men told of a life
where they are constantly
harassed and verbally mis-
treated by police, and that

WALKABOUT: Police officers including Commis
Greenslade (above) talk to Bain Town residents yesterday.

sioner Ellison



the constant degradation of
their character is a major
deterrent to any attempt to
better themselves.

One resident said: “They
think just because this is the
ghetto we don’t have no
knowledge. We smart just
like anyone of them. Ain’t
no one dumb - we been to
school too. Everyone around
here can read and write — no
one is dumb and stupid. We
know right from wrong. We
got family and feelings too.
Just because we live in the
ghetto doesn’t mean we are
of the ghetto.”

In response to questions
placed by The Tribune
towards whether or not the

police force was considering a
change in approach follow-
ing the concerns levied by
residents, Mr Greenslade
noted that while it was a chal-
lenging situation, he felt the
disenfranchisement experi-
enced was not specific to the
police.

Mr Greenslade said: “I
don’t want to paint a picture
that is skewered. We had a
bad situation here on Satur-
day. You will always have a
minority of people who will
let you down, in your organ-
isation and within the wider
community. ’m saying that




where those things are
reported to us, we do what
we can to resolve. We did
come to office with this
mantra of care, respect and
trust.

“Treating people properly
in the organisation and treat-
ing people properly outside
of the organisation.”

He added: “There is a lot
of work to be done, ’m not
sidestepping you, there’s a lot
of work to be done, but fin-
ger-pointing isn’t going to
solve the problem.

“This is not a police issue,
this is a Bahamian issue.”

CHRISTIE: BAIN TOWN EVENTS A CONSEQUENCE OF GOVT FAILURE

FROM page one

ment — while removing officers from
Urban Renewal community outreach
centres.

"Tt is a major warning, a call to action,
a summons for us to do something more
and better than we are doing now,” said
the PLP leader.

“Tt is not enough to say I am going to
fix the judiciary and justice system. There
must be a major social thrust that will
get people to understand that they must
help themselves and their community.

"Tam very disappointed in the FNM's
lack of real effort to put their finger on
the causes of crime, the pulse, that could
keep them abreast to the anger that is in
these communities."

Mr Christie touted Urban Renewal as
being instrumental in fostering a closer

relationship between police and residents
of inner city communities — something
he thinks is lacking today.

"Urban Renewal as we implemented it
through community policing would have
enabled, as it did in our time, the Gov-
ernment to have a finger on the pulse of
the community to ensure that it under-
stands what was taking place and have a
way of preventing what was taking place.

"Now they are just doing strict polic-
ing, providing the resources to the police
and I think more is necessary. There is an
increased need for the country to have
programmes that will enable us to know
that we have identified the problem and
that we are trying to fix them — I don't
see evidence of this."

Anger in Bain Town led to chaos after
a reserve police officer shot and killed a
19-year-old youth. Some people in the
area then turned on police reinforce-

ments, the media and residents pelting
them with stones, setting a squad car on
fire, and damaging a ZNS vehicle.

The Farm Road MP said the violence
is reminiscent of similar altercations that
took place in the Kemp Road and Nas-
sau Village communities and underscores
the reality that many in our society lack
conflict resolution skills.

"When this kind of explosion takes
place, it is evidence of what happened
in Kemp Road in Nassau Village, it is
going out of control.

“Ordinarily we try to be very resolute
to our approach to crime and the fear
of crime by trying to depoliticise it. But as
opposition we have to put pressure on
government to broaden its approach and
not rely simply on military policing pro-
grammes.

“There must be companion pro-
grammes which will (augment) police."

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FROM page one

Atlantis," said Mr Christie.

He explained that for the
phase one of Atlantis, the
developers were given con-
cessions worth 45 per cent of
their investment and 38 per
cent for the second phase.

"The company determined
that Atlantis was sufficiently
profitable so as not to have
to depend on the concession
request but when my gov-
ernment reviewed it we
agreed to give concessions.
What in fact we did, we tai-
lored the concessions to be
significantly lower than the
concessions given by the
Ingraham government for
phase one and two".

When it came time for ear-
ly Baha Mar negotiations,
Mr Christie said: "All along
we were keeping it under 20
per cent for Baha Mar (con-
cessions) adding that his
administration is "blameless"
for the new Baha Mar deal
that has aroused the ire of
company CEO Sir Sol

FIRM ADVISED PLP GOVT ‘NOT TO
GIVE ATLANTIS MORE CONCESSIONS’

Kerzner.

He said he is "disappoint-
ed" that Sir Sol singled the
Progressive Liberal Party
administration out last week
for its support of the $2 bil-
lion project, the CEO con-
tends violates the MFN
clause.

"Tam disappointed that he
would have arrived at that
level of disappointment with-
out discussing it with me
first. | would have been in a
position to explain to him
that at all material times I
took pains to ensure that we
were not in breach (of the
Most Favoured Nation
clause with Atlantis) and I
took legal advice to ensure
that we were not in breach."

Last week in a rare public
statement, Sir Sol told the
media that 8,000 jobs at
Atlantis could be put at risk
if Baha Mar is approved in

its current state. A senior
Kerzner official added that
Atlantis’ Phase IV will likely
"not be seen within our life-
time” due to the Cable
Beach redevelopment.

Mr Christie yesterday
expressed disappointment
that these concerns played
out in the media and said
government should have put
Sir Sol's concerns to rest
ahead of the Parliamentary
debate and passing of the
Baha Mar labour resolution.

"I'm disappointed that the
government had allowed this
problem to play out in pub-
lic. I would have thought
these matters ought to have
been settled prior to the
debate (However) Kerzner's
disappointment has to be
based on what happened
after 2007" when the Free
National Movement assumed
office.

50% of Morton Salt
staff set to be laid off

FROM page one

to send home half. However, he stressed no
one at the company was being made redun-
dant.

“We realise this is a very sensitive period
with the holidays, so we are working with the
unions to try to minimise the impact of the
employees being affected. They will be going
on lay off but will retain all of their benefits
such as insurance and the like, and as soon as
we are able to return to normal operations
everyone will be brought back to work.”

In a company statement, Morton Salt said it
will retain its remaining staff complement to
maintain and ship its inventory of previously-
harvested salt and to conduct other necessary
activities, and will recall the laid-off employees
when production is able to resume.

Officials began to notify employees and their
union representatives yesterday of the impend-
ing terminations.

Mr Bannister said: “This is a difficult situa-
tion for all of us — the company and our
employees — especially around the holidays.

“The company is limited in what we can do
to lessen the impact, but we will try to do what
we can. What is most important is to get
through this in the short-term so we can ensure
the facility is viable for the long-term.

“To a great extent, we rely on the sun to
provide us with salt to produce and sell. Unfor-

tunately the rains have taken away both the
salt and the work. I look forward to better
weather and getting people back to work.”

Morton Salt relies on the arid weather con-
ditions of Inagua to produce salt by allowing
saltwater in ponds to evaporate, which in turn
stimulates the formation of salt crystals at the
bottom of the pond. Excessive rain reverses
this process, the company said, and dissolves
the salt crystals in the ponds, leaving the facil-
ity without a product to harvest.

As such, the company said they will con-
tinue their attempts to mitigate the weather-
related impact, but future weather conditions
will determine how quickly the salt ponds can
be restored and brought back into produc-
tion.

“Once the weather pattern returns to nor-
mal, it will still take time for the evaporation
process to catch up and begin to produce salt.

“We will constantly monitor the situation,
but I believe it won’t be until after the new
year that we will know enough to begin to
estimate when we can resume operations and
bring people back.

“We will keep our employees and others
concerned about this informed as events war-
rant,” Mr Bannister said.

Morton Bahamas Limited is a wholly-owned
subsidiary of Morton Salt, Inc, based in Chica-
go, Illinois. Morton Salt, Inc, is owned by K+S
AG, the world’s leading producer of salt prod-
ucts.

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ROVALS FIDELITY

es

THE TRIBUNE

Pe he Bm





MORE ‘UNORTHODOX’
CLICO PRACTICES

By NEIL HARTNELL
Tribune Business
Editor

CLICO (Bahamas) liq-
uidator has uncovered
more “unorthodox” prac-
tices that were engaged in
by the insolvent life and
health insurer, including
the use of funds payable to
policyholders to meet rein-
surance premiums, and fail-
ing to obtain Investment
Board approvals - as a for-
eign-owned company - to
purchase Bahamian real
estate.

Craig A. “Tony’ Gomez,
the Baker Tilly Gomez
accountant and partner, in
his fourth report to the
Supreme Court on the
insurer’s liquidation, dis-
closed that while CLICO
Bahamas and its wholly-
owned subsidiary, CLICO
Enterprises, sought
Bahamas Investment
Authority approval to
acquire real estate in the
fashionable Westridge
area, the matter was “nev-
er concluded”.

Mr Gomez is now
attempting to sell the
12.472 acres of land, divid-
ed into 12 lots, at Lake
Point, and the liquidator
added: “My review of the
communication in connec-
tion with the acquisition of
the Westridge Estates
property in and/or during
2006 revealed that the nec-
essary approvals from the
Bahamas Investment
Authority for a foreign per-
son to acquire land in the
Bahamas had not been
concluded. I am currently
reviewing the matter with
the Bahamas Investment
Authority Board.”

And Mr Gomez also dis-
covered that CLICO
(Bahamas) had “adopted
an undocumented prac-
tice” with respect to pay-
ment of its reinsurance pre-
miums to global giant Swiss
Re.

“CLICO would allow
the reinsurer to use funds
payable to CLICO’s ben-

SEE page 5B

The information contained is from a third

| party and The Tribune can not be held
responsible for errors and/or omission
from the daily report

Damianos



TUES os

NOVEMBER 23,

isiness

2010

SECTION B ¢ business@tribunemedia.net

By NEIL HARTNELL
Tribune Business Editor

NEW PROVIDENCE
DEVELOPMENT COMPA-
NY is close to “solving a long-
standing problem” in the
western part of the island with
the pipeline to its wastewater
treatment plant - a total $7
million infrastructure invest-
ment - now 80 per cent com-
plete, and able to “support
growth” in the area.

T. Rhys Duggan, the firm’s
chief executive, in an exclu-
sive interview with Tribune
Business, said that while New
Providence Development
Company had a “full plate”
with ground broken on its $25

* Company moves to ‘solve long-standing problem’ in
western New Providence with wastewater treatment

system investment

* Hoping for ‘positive announcement’ in 30-45 days
on potable water supplies following talks with Water

& Sewerage

* New Providence Development Company has ‘plate
full right now’, although light industrial park on hold

* Just nine lots left for sale in Old Fort Bay, with
positive Baha Mar impact expected

million Old Fort Bay Town
Centre and construction of its
new head office nearing com-
pletion, the current waste-
water situation in the western
part of the island was “not
sustainable” given the area’s

Real estate may
become 30-50% of
Benchmark assets

* BISX-listed firm prepared to invest $2-$3m more in
real estate opportunities in short-term, after reversing
heavy losses with $105k Q3 profit

* Chief executive says performance shows company
‘headed in right direction’, and eyeing improved
results and profit margins in coming quarters with
2011 expected to be better year

* Leases out for further 25% of retail space at
Carmichael Road property, which will generate

$350k per year fully leased

* Loss for first nine months at $1.589m or $0.32 per
share, due to $1.342m investment portfolio losses

By NEIL HARTNELL
Tribune Business Editor

REAL ESTATE could
eventually account for up to
30-50 per cent of Bench-
mark (Bahamas) asset base,
Tribune Business was told
yesterday, the BISX-listed
company being prepared to
invest a further $2-$3 mil-
lion in this area if the right
short-term opportunities
present themselves after
turning a small third quar-
ter profit.

Julian Brown, Benchmark
(Bahamas) president and
chief executive, said that
while the company’s finan-
cial performance had taken
a “hammering” in previous
quarters, largely due to the
slippage in values of both
Bahamian and internation-
ally-listed equities, the com-
pany had managed to gen-
erate a small $105,000 -
$0.02 per share - profit for
the three months to Sep-
tember 30, 2010.

While this was largely
masked by the 2010 first half
performance, which result-
ed in a collective $1.589 mil-
lion net loss for the first nine
months of the year, Mr
Brown said the third quarter
performance indicated

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JULIAN BROWN

planned growth.

“It’s actually in the
ground,” Mr Duggan said of
the company’s wastewater
pipeline. “The line’s about 80
per cent complete, and runs
from my office in Mount

UM
NU ee aL
a

By ALISON LOWE
Business Reporter
alowe@tribunemedia.net

STRESSING _ that
Bahamas Telecommuni-
cations Company (BTC)
employees “really don’t
want to work with Cable
& Wireless no matter
what”, the president of
the union representing
the company’s line staff
yesterday said he was
“disappointed” with the
alleged lack of informa-
tion from the Govern-
ment regarding the
details of the pending
sale.

Telecoms industry
sources have indicated
that a signing of the
Memorandum of Under-
standing (MoU) between
the Government and
Cable & Wireless
(LIME), over the sale of
a 51 per cent majority
stake in BTC, could take
place as early as today,
this newspaper reporting
last week that the agree-
ment could be signed “in
a matter of a week or

SEE page 3B



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SEE page 2B

BUILDING STORE CREATES 30 JOBS



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Eyes potential expansion from 10,000 to
17,000 sq ft of retail selling space, and
taking on possibly another 10 employees

By ALISON LOWE
Business Reporter
alowe@tribunemedia.net

TAKING on more than 30 employees, and with plans to
expand in coming months, a new Gladstone Road building
and home supply store yesterday said it expects to benefit
from what its owners and others forecast to be a boom in
retail demand in western New Providence.

Wong’s Home Centre, which includes a 10,000 square
foot retail space, is a “one-stop shop” for those seeking
lumber, paint, other building supplies, home, pet and garden
accessories, tools, lighting, plumbing, electrical and auto-

SEE page 3B

3,000 POLICIES GIVEN UP
BY CLICO POLICYHOLDERS

By NEIL HARTNELL

Tribune Business Editor

CLICO (Bahamas) still
faces a $14.202 million
deficit, and saw a further
3,000 policies lapse or sur-
render during the five
months to June 30, 2010, the
insolvent insurer’s liquida-
tor warning that policyhold-

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* Insolvent insurer’s
Bahamian creditors and
policyholders still facing
$14.2m loss, with latter
‘losing confidence’ due
to protracted time taken
to transfer policies

* Liquidator moving to
get regulatory and Court
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folio transfer to Colina


PAGE 2B, TUESDAY, NOVEMBER 23, 2010

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THE TRIBUNE

$7m pipeline
0% complete

FROM page one

“There isn’t one in the west,” Mr Duggan said of
the need for such infrastructure. “Everything just
goes down into deep wells. Clearly, that is not a sus-
tainable situation as the growth of the west contin-
ues.

“It’s just part and parcel of the level of infrastruc-
ture needed to support the growth of the west - a
new retail centre, improved potable water supply,
wastewater treatment.”

Potable water supply in western New Providence
was another issue requiring resolution, and Mr Dug-
gan told Tribune Business: “We’re having very posi-
tive discussions with the Water & Sewerage Corpo-
ration on potable water, and we hope to have a pos-
itive announcement on that in the next 30-45 days.”

New Providence Development Company, which is
owned by Lyford Cay-based billionaire and his busi-
ness partner, Terry White, thus making it an affili-
ate of the $1.4 billion Albany project, has long been
seeking a water and wastewater franchise for the
western part of the island.

Mr Duggan added: “We’re just finishing off our
head office development. That’s in Mount Pleasant,
where our old office was. With our Town Centre,
nine lots left to sell in Old Fort Bay, we’ve got our
plate full right now.”

Focus

With the focus on the Old Fort Bay Town Cen-
tre’s $18 million first phase construction, and com-
pletion of the wastewater treatment plant, Mr Dug-
gan said these initiatives would take priority before
New Providence Development Company “then fig-
ures out what the next big steps are for us”.

The company, though, has kept plans for a 75-acre
light industrial park just south of the Lynden Pin-
dling International Airport (LPIA) on the shelf
until economic and market conditions improve. “It’s
still on hold until we start to see the market coming
back,” Mr Duggan confirmed.

Apart from the ongoing real estate developments
at Lyford Hills, Serenity, Charlotteville and Albany,
he added that the likely imminent start of Baha
Mar’s $2.6 billion Cable Beach redevelopment
would also help the light industrial park get off the
ground.

“The Baha Mar project is very positive for the
type of users that locate in industrial parks, so
we're going to monitor the market, and bring it out
to market when there’s demand,” Mr Duggan told
Tribune Business.

Asked about Baha Mar’s likely impact and spin-
off effects on western New Providence’s develop-
ment, Mr Duggan said: “I can’t quantify what the
impact will be, except to say we expect it to be very
positive.

“When Baha Mar got shelved the first time, we
definitely saw an impact on the western end of the
island. We saw a lot of vacancies in rental proper-
ties, and a corresponding decline in rental values.
When you’re in our business, general retail develop-
ment, more people means more business as well as
more disposable income.”

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THE TRIBUNE



TUESDAY, NOVEMBER 23, 2010, PAGE 3B



Crime ‘totally
out of control’

By ALISON LOWE
Business Reporter
alowe@tribunemedia.net

WITH crime “completely
out of control”, president
of the Bahamas Chamber
of Commerce, Khaalis
Rolle, yesterday expressed
regret about the absence of
a “clear enough strategy to
address every aspect of the
problem”.

“It’s extremely out of
control. The last time I
made a comment on it, I
said we were nearing the
Wild, Wild West and I was
called an alarmist, but at
what point do you raise the
damn alarm?” = said

Mr Rolle.

Asked to comment in the
wake of the outbreak of
violence in Bain Town over
the weekend, which saw a
police car set alight and a
riot squad sent in to the
community after a police-
involved shooting, Mr Rolle
said it would appear crime
is getting “progressively
worse”.

“Time and space are
irrelevant now. I hate to
harp on about it so much,
but we have a clear and
serious problem. There has
to be a plan to address
every aspect of it; there has
to be a mapping that takes
you from where we are to

the desired outcome, and
the social and economic
infrastucture and educa-
tional infraustructure is all
part of that process,” said
Mr Rolle.

In addition to what has
been described as a riot in
Bain Town, last weekend
saw three homicides -
including the shooting
death of a Chinese woman
who was robbed of her car
outside the Montagu Beach
Inn at around 7am on Sun-
day - and at least four other
reported shootings, as well
as numerous armed rob-
beries and stabbings in New
Providence alone.

As far as businesses are

concerned, Mr Rolle said
that added surveillance
equipment and security
guards can in some cases
act as a deterrent to crimes
targeting commercial estab-
lishments, but with the fire-
power held by increasingly
brazen criminals, the Cham-
ber president said the ques-
tion now is: “What level of
protection do you provide
these security guards with?”

“If they are armed and
they know you are
unarmed, you are an easy
target,” he added.

Mr Rolle said the
Bahamas must have an
“honest dialogue” about
the crime problem and

Building store creates 30 jobs

FROM page one

motive products, according
to manager Milly Wong. It
opened on November 17.
“My husband always liked
to fix and build stuff, so this
kind of grew from that. We
always had the property and
didn’t do anything with it,
apart from using it as a
warehouse,” said Mrs Wong,
who operates the store with
her husband, son of the
owner, Brian Wong. Mr
Wong Snr also owns Book-
world and Stationers on
Mackey Street and Meat

Carmichael Road.

The building had once
been a milk factory, and for
a brief period was operated
as a plastic bag factory by
the family.

Over an 18 month period
- “longer than we’d antici-
pated”, according to Mrs
Wong, refurbishment of the
facility took place, turning
it into a 10,000 foot retail
area and incorporating a
7,000 square foot storage
area in the rear. Two addi-
tional warehouses were also
constructed alongside the
original building.

provide figures to Tribune
Business on the investment
made by the family in set-
ting up the store.

However, asked what dif-
ferentiates the store from its
competitors, Mrs Wong said
customers can expect to find
“very competitive prices”
inside, along with a diverse
range of products in one
place.

She added that depending
on how business goes over
the next several months, the
family is looking at the pos-
sibility of expanding the cur-
rent retail space to include

Max and Grocery on

Mrs Wong declined to

the additional 7,000 square

Staff won’t work
with LIME on BTC
‘no matter what’

FROM page one

”

so”.

But Bahamas Communications and Pub-
lic Officers Union (BCPOU) president,
Bernard Evans, said he had expected to
hear more from the Government by now.

“We are hearing [that a signing may take
place today], but we are still disappointed
at this stage of the game that we seem to
just be holding on, waiting for informa-
tion to come from the Office of the Prime
Minister,” said Mr Evans.

“TI reached him on the phone [yesterday
morning, and he] said something along the
lines of that when he gets to the point
where he has something to talk about, he
would let us know. I guess he has not
reached that stage yet.”

Mr Evans said the union’s last formal
meeting with Prime Minister Hubert Ingra-
ham was prior to his October trip to China.

The union is particularly concerned
about the 30 per cent reduction in BTC
staff that has been proposed by Cable &
Wireless if it acquires the 51 per cent stake
in the telecommunications company.

Mr Evans said the union is against such
a move, particularly if it does not come
with separation packages that are as gen-
erous as those that were offered to staff
during lay-offs in the late 1990s.

Speaking to the media after he returned
from China, Mr Ingraham described Cable
& Wireless’ desire to “fire” 30 per cent of
the estimated 1,150 BTC staff if it took
over the company as a “substantial road-
block” in negotiations with the company.

However, Tribune Business sources lat-
er suggested that while the Government
is undoubtedly sensitive to the social, eco-
nomic and political implications of any
move to downsize BTC's workforce by
some 300-400 personnel, its main concern
is understood to be that the process is han-
dled correctly.

Rather than engage in forced redun-
dancies and lay-offs, it is looking for Cable
& Wireless to reduce headcount through
natural attrition - early retirements for
elderly workers, plus voluntary disen-
gagement packages.

Mr Evans said: “We have heard noth-
ing on how it would be done - no informa-
tion on what they are discussing. We do
know [Mr Ingraham] said he would not
support the one-third reduction in staff,
but he didn’t say if it would be a lesser
amount. He did say at one point that
there’d be no downsizing upon the sale of

BTC, so the deal may be no reduction in
staff during the exclusivity period, or only
voluntary separations.

“Before anything is signed we definitely
want to be consulted.

“The Government is the Government
but we are stakeholders, the employees,
and we have something to offer as well,” he
said, adding when asked that the union
will “do what it’s got to do” if this does not
happen.

Mr Evans noted that the BCPOU has
misgivings about the Government’s inten-
tion to sell BTC to Cable & Wireless at all.

“To put it in perspective, we don’t sup-
port this deal no matter what. We don’t
mind privatisation but the union’s posi-
tion given Cable & Wireless’ track record
is that it’s just not a good fit for the
Bahamian people and not for us. So the
number one issue is that we really don’t
want to work for them.

“We honestly believe the corporation
has been so successful being run by
Bahamians and its government-appointed
Board of Directors deciding what it can
and can’t do. It’s been very profitable and
is still trying to keep us on the cutting edge,
so we believe they should divest to
Bahamians.”

A message sent to Minister of State for
Finance Zhivargo Laing seeking comment
yesterday was not returned up to press
time.

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

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



feet at the back of the build-
ing, which is being used as a
warchouse for now.

And if all goes well, an
extra 10 staff are expected
to be hired.

“We foresee that people
are going to want to shop
more in the western part of
the island, rather than going
into town,” said Mrs Wong.

This echoes sentiments
expressed by New Provi-
dence Development Com-
pany chief executive, T.
Rhys Duggan, this week as
he broke ground on the site
of the company’s $18 mil-
lion first phase construction
of its Old Fort Bay Town
Centre, located on Windsor
Field Road, just opposite the
Charlotteville subdivision.




PRESIDENT of the Bahamas
Chamber of Commerce,
Khaalis Rolle

come up with “concrete
interim and long-term
strategies” to begin address-
ing the multi-faceted prob-
lem.

FOR




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TO DISCUSS STORIES ON THIS PAGE LOG ON TO WWW.TRIBUNE242.COM
PAGE 4B, TUESDAY, NOVEMBER 23, 2010

THE TRIBUNE





Real estate may become
30-50% of Benchmark assets

FROM page one

Benchmark (Bahamas) was
“headed in the right direc-
tion”, aided by the con-
struction completion of its
investment property at the
Carmichael Road/Fire Trail
Road junction.

Some 50 per cent of space
at the development, which
is owned by the BISX-listed
company’s Benchmark
Properties subsidiary, has
already been leased to a
Bank of the Bahamas Inter-
national branch and Nassau
Underwriters Agency
(NUA), generating $28,460
in rental income during the
2010 third quarter.

Leases covering a further
25 per cent of available
rental space were already
in the hands of potential
tenants, and Mr Brown said
he “anticipated” several of
these would be signed dur-
ing the 2010 fourth quarter.

“Our inquiries are very
high,” he told Tribune Busi-
ness of the company’s first
real estate investment. “We
have a number of potential
leases out in the market-
place that we’re talking to,
various potential tenants,
and anticipate signing at
least one or two of them in
the third quarter.

“T have no doubt that
place is going to produce
significant profits for us in
the future, and represents
one of our most successful
ventures to date, notwith-
standing that it’s in a weak
economy. We’re beginning
to realise revenue streams
from the Carmichael Road

property.”



“Our inquiries are very
high. We have a number of
potential leases out in the
marketplace that we’re
talking to, various potential
tenants, and anticipate
signing at least one or two of
them in the third quarter.



Julian Brown, Benchmark (Bahamas)
president and chief executive

Mr Brown said the
Carmichael Road property
features some 15,000 square
feet, and will have nine ten-
ants - including Bank of the
Bahamas International and
NUA - when fully leased.
The bank, he added, was
looking to put in a 3,000
square foot mezzanine lev-
el in addition to the 5,000
square feet already leased
to it. The remaining tenants
are all looking at areas
around 1,000 square feet.

Asked how important
real estate would be to
Benchmark (Bahamas)
strategy going forward, and
how much of its business it
would account for, Mr
Brown replied: “That’s an
interesting question.

“At the moment, our net
investment in Carmichael
Road is about $3 million,
so I think that if we’re able
to put in another $2-$3 mil-
lion in the short-term, that
will probably be the cap at

the moment until we grow
the asset base of the com-
pany further.

“Property investments
could account for anywhere
between 30-50 per cent of
the assets of the company,
with the investment port-
folio accounting for the
rest.”

Asked whether the
BISX-listed company,
through Benchmark Prop-
erties, was looking at other
potential real estate prop-
erties, Mr Brown told Tri-
bune Business: “We're def-
initely looking at the
moment. Now we’ve done
with Carmichael Road, and
are well on our way to get-
ting that fully leased, we are
looking at ways to expand
that particular company’s
portfolio.

“We are definitely
analysing the market to see
what is out there. If there
is something out there that
is good, and of interest, we

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will certainly see what we
can do.”

Mr Brown told Tribune
Business that, fully leased,
the Carmichael Road prop-
erty would generate some
$350,000 in rental revenues
per annum, cash flow that
Benchmark (Bahamas)
could look to leverage and
raise extra capital against.

“Now, with the cash flow
coming in when Carmichael
Road is fully leased, we will
be able to leverage more of
the assets. We will have the
ability to raise additional
capital through leverage,”
Mr Brown told Tribune
Business.

While Benchmark
(Bahamas) net loss for the
nine months to September
30, 2010, stood at $0.32 per
share, compared to $0.19
per share for the same peri-
od in 2009, as net realised
and unrealised losses on its
investment portfolios hit
$1.342 million, Mr Brown
said the third quarter results
provided “some good news
that we’re beginning to see
at least not any further fall-
off in the investment port-
folio”.

Describing this as “sta-
bilisation”, he added:
“Whereas we were being
hammered in previous

quarters, this did not recur,
and this is the first quarter
in about four where we’ve
seen positive results
[$195,949 in net
realised/unrealised gains] in
the investment portfolio.”

While the domestic and
international portfolios of
its Benchmark and Alliance
Investment Management
subsidiaries, respectively,
had born the brunt of the
company’s losses, Mr
Brown said: “All in all, it’s a
good report if you look at
the third quarter. The his-
tory is what it is.

“You have to look and
see if we’re making the
right decisions for the way
forward, and the third quar-
ter results indicate we are
headed in the right direc-
tion and making the right
decision. If things improve
as we anticipate they will,
we should see better results
in the coming quarters.

“We actually turned a
profit this quarter when we
made a loss in the 2009
comparative quarter last
year. All in all, in every-
thing continues in the
fourth quarter, as it did in
the third quarter, we should
see improvements in our
profit margin and invest-
ment portfolio.”

Having made adjustments
to its domestic and interna-
tional investment portfolios
earlier this year, Mr Brown
said these were now “set”
to follow the markets in
anticipation of a better eco-
nomic year in 2011.

“We've stuck it out since
2008,” he told Tribune
Business.

“We need some econom-
ic thrust coming through
domestically and interna-
tionally. I don’t anticipate
anything massive, but do
anticipate secing a better
level of economic activity
than we saw in 2010.”

Benchmark (Bahamas)
would not be undertaking
any more capital raising
efforts, Mr Brown added,
its net assets and book val-
ue at September 30, 2010,
standing at $1.553 million
and $0.31 per share, com-
pared to a negative net
worth some 12 months
before.

For the first nine months
of 2010, Benchmark saw its
investment portfolio suffer
a net $165,375 depreciation.
For that period, Alliance
Investment Management
saw a $1.279 million loss,
Benchmark Advisors a
$5,733 loss and Benchmark
Properties a $34,141 loss.

3,000 policies
given up by CLICO
policyholders

FROM page one

ers are “becoming uncomfortable” with the
company’s condition and “losing confi-
dence” due to the time taken to sell their
policies to another carrier.

Craig A. ‘Tony’ Gomez, in his fourth
report to the Supreme Court on CLICO
(Bahamas) liquidation, again reiterated that
the insolvent insurer’s assets, worth some
$45.885 million, were dwarfed by its $60.086
million in liabilities, leaving Bahamian pol-
icyholders and creditors looking at sharing in
an estimated $14.201 million in losses as at
June 30, 2010.

That position could easily change, though,
especially if Mr Gomez is able to transfer the
insurer’s existing policy portfolio to another
Bahamas-based life and health insurer, or
sell the company’s main asset - the Welling-
ton Preserve real estate project in south
Florida - to a buyer at an above-market
price.

While Prime Minister Hubert Ingraham
pledged earlier this month that CLICO
(Bahamas) policyholders would be paid out
by the Government if their policies were
not transferred by December, Tribune Busi-
ness understands that Mr Gomez is still
working on such an arrangement, with Col-
ina Insurance Company still the favourite
carrier to acquire the portfolio.

As a June 30, 2010, Mr Gomez’s report
showed CLICO (Bahamas) as still having
16,954 policies in force and in good standing
- covering life and health insurance, annu-
ities and pensions - with a collective $1.693
billion sum assured. The total surrender val-
ue of these policies was said to be $24.181
million.

Yet Mr Gomez also noted that some 2,740
policies, including 1,183 medical and 1,488
life insurance policies, were allowed to lapse
by disenchanted policyholders between Feb-
ruary 1, 2010, and June 30, 2010. This means
they did not make the due premium pay-
ments.

And a further 265 policies, including some
222 life insurance policies and 40 individ-
ual pensions, were surrendered during the
same period, making it 3,005 CLICO
(Bahamas) policies that were either lapsed
or surrendered during those five months.

And Mr Gomez warned: “Policyholders
are becoming uncomfortable with the cur-
rent state of the company, despite being
told that the life, health and pension policies
are being transferred to a new insurer, and
that the sale process could be concluded by
October 2010.

“This lack of confidence is a result of the
perceived delay since the date of the liqui-
dation. However, I am assiduously pursuing

completing the transfer of the policies to a
new insurer.”

That insurer, Tribune Business under-
stands, is still Colina Insurance Company,
and the portfolio transfer issue is now before
the Insurance Commission of the Bahamas,
awaiting its approval.

Once that happens, the transfer then just
has to be ratified by the Supreme Court and
Judge Claire Hepburn.

“Tam at present aggressively working with
the proposed buyer of the life, health and
pension policies to bring closure to the
process in the quickest possible time,” Mr
Gomez said, adding that he was reviewing
several CLICO (Bahamas) policy categories
- reduced paid-up pensions, extended term
life and reduced paid-up life - to ensure that
these, “purchased with prescribed condi-
tions”, were in compliance with the policy
contract.

Once the final transfer agreement
between himself and Colina is concluded,
Mr Gomez said that upon receiving infor-
mation from the insurer on the necessary
“risk reserves”, he would seek to conclude
an amended agreement with the Govern-
ment over its initial $30 million guarantee.
This would ultimately have to be approved
by Parliament.

Elsewhere, Mr Gomez is still understood
to be in negotiations with potential buyers of
some CLICO (Bahamas) real estate assets in
the Bahamas, namely six properties located
on Sears Hill and the Centreville Medical
Centre. Talks are also being held with a
potential buyer for property in the Golden
Gates/Carmichael Road area.

The liquidator has also been served with a
$363,215 proof of claim by FirstCaribbean
International Bank (Bahamas) regarding
outstanding loans due to it from the insurer.
Mr Gomez has placed this claim in the cred-
itors queue.

And CLICO Guyana and CLICO Suri-
name are both appealing Mr Gomez’s rejec-
tion of their respective $34 million and $18.7
million claims against CLICO (Bahamas)
in the Bahamian courts.

The liquidator rejected their claims
because “valid insurance policies” were nev-
er issued against these payments, adding
that the purported premiums were remit-
ted to CLICO (Bahamas) bank accounts at
Ocean Bank in Miami and First Citizens
Bank in Trinidad.

Mr Gomez is also talking to SG Hambros
Bank & Trust (Bahamas) and the Central
Bank of the Bahamas to identify the Regis-
trar and Transfer agent for CLICO
(Bahamas) $449,000 worth of Bahamas Gov-
ernment Registered Bonds, part of a total
$4.544 million portfolio.

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THE TRIBUNE



TUESDAY, NOVEMBER 23, 2010, PAGE 5B



More ‘unorthodox’ CLICO practices

FROM page one

eficiaries to pay CLICO’s
reinsurance premium pay-
ment,” the liquidator said in
his report to the Bahamian
Supreme Court. “In turn,
CLICO would then make
good on the payment to the
beneficiary.

“However, from my inves-
tigations, I have discovered
that some beneficiaries were
not paid funds by CLICO,
which were covered by the
reinsurer. Notwithstanding
CLICO’s premium payments
were being made per the
agreement they had with the
reinsurer.

“As a result of this unortho-
dox approach, I have since
advised the reinsurer that this
process must cease and we
will pay the quarterly premi-
um payments. The premium

payments are currently being
paid on a monthly basis.”

Meanwhile, Mr Gomez said
CL Financial, CLICO
(Bahamas) parent company
in Trinidad, had failed to
respond to a statutory
demand his attorneys had
served upon it, as he seeks to
enforce the $58 million guar-
antee it had given to cover
the Bahamian insurer’s loans
to its CLICO Enterprises sub-
sidiary, which were subse-
quently invested in US real
estate development.

The key investment is the
Wellington Preserve real
estate project, which received
$73 million from CLICO
Enterprises, but Mr Gomez
warned: “The current real
estate market in the United
States remains extremely soft,
and it is very unlikely that I
will be able to realise a more
than favourable price from

the Wellington property to
guarantee sufficient funds for
me to satisfy creditors of CLI-
CO (Bahamas).

“In light of these condi-
tions, I have requested gen-
eral counsel to proceed with
the call on the CL Financial
guarantee.”

Mr Gomez said “key com-
ponents were omitted” from
the loan agreement between
CLICO (Bahamas) and CLI-
CO Enterprises, including the
initial amount of the advance.
It instead covered cash
advances and other credit
facilities, starting in 2005, but
the liquidator’s review
showed that the advances
actually began in December
2003.

Noting that it had previ-
ously been estimated that
Wellington Preserve would
require a further $42 million
investment before it could be

presented for sale, Mr Gomez
added: “I have decided to
move forward to sell the land
wholesale and not by individ-
ual pieces of lots. This process
has proven to be challenging,
as the current state of the real
estate market in the US is
slow.”

Two different buyers are
currently negotiating with Mr
Gomez, who confirmed that
the initial buyer with whom
he executed a sale and pur-
chase agreement, Hines Inter-
est LLP, terminated the deal
on March 5, 2010.

“This decision was made in
proper accordance with the
termination clause of the
agreement, and in further dis-
cussions with Hines it was dis-
covered that the termination
was due to the fact that the
current market for retail prop-
erty in the US remains ‘soft’,”
Mr Gomez added.

Treasurys rally after

US govt raises $35B

NEW YORK

TREASURYS rallied Monday after
the government saw strong bidding
for its debt and troubles in Europe
sent investors looking for safety in
US. government bonds, according to
Associated Press.

In its first of three auctions this
week, the Treasury raised $35 billion
in a sale of two-year notes, priced to
yield 0.52 percent. Even at such low
rates, demand for the notes was
strong. Investors placed bids for 3.7
times the amount offered, well above
the average of 3.22 over the past year.

The yield on the two-year Treasury
continued to drop after the auction,
ending the day at 0.47 percent, down
from 0.51 percent on Friday.

Cash flowed into Treasurys on wor-
ries that Ireland's financial crisis still
wasn't fixed. The rating agency
Moody's warned Monday that it may
downgrade Ireland's debt even after
the country applied for a bailout from
the International Monetary Fund and
the European Union. The aid pack-
age, Moody's said, would likely shift
even more of the country's bank debt
to the government, increasing Ire-
land's debt burden.

The Education Committee of the

Public Workers’ Co-operative Credit Union Limited
Presents

a Seminar on



CRIME... VIOLENCE... SAFETY:

This important Seminar will be held on Friday, December 3rd, 2010, at the
office of The Bahamas Co-operative League Limited, Russell Road, next to

Wendy's (Oakes Field), beginning at 6:00 p.m,

The keynote speaker will be Commissioner of Police, Ellison E. Greenslade,

OPM, MBA.

Plan to attend and bring someone with you.

The Public Workers’ Co-operative Credit Union Limited.

“The Family Credit Union”

For further information please contact Mr. Charlton 6. Tinker or Ms. Bridget Saunders at

323-6594

The 10-year Treasury rose 56.2
cents, pushing the yield to 2.80 percent
from 2.87 percent late Friday. Yields
fall as prices rise.

The 30-year bond rose 59.3 cents,
knocking the yield to 4.20 percent
from 4.24 percent.

The Treasury expects to raise a total
of $99 billion from bond buyers this
week. The next auction comes Tues-
day, with the sale of $35 billion in five-
year notes.

In the Treasury bill market, the
three-month T-bill paid a 0.13 per-
cent yield at a discount of 0.14 per-
cent.

WANTED

Financial Company seeks
Administrative Assistant

A ~ small, leading, local financial

institution seeks an entry-level administrative
assistant to assist with daily operations. This

opportunity will provide the successful
applicant with training and a_ great
oversight into operations of financial
business. Candidates with computer,
accounting and securities background are

preferred.

Please email resume to:
financialposition2010@gmail.com



RANSBA

Ansbacher (Bahamas) Limited, a specialist in private banking,
fiduciary services and wealth management has an opening for the

position of:

PRIVATE BANKING ADMINISTRATOR

Duties include:

Assisting with the processing of payments & the receipt of client

funds

Processing pay away, renewal and amendment of fixed deposit

transactions

Assisting Relationship Officers with processing client related
security transactions

Tracking/monitoring all homeowner’s insurance policies
Updating mortgage tracker

Performing annual reviews of facilities

Assisting with the preparation of credit submissions

Liaising with attorneys, appraisers, inspectors and other
professionals on credit matters

Assisting managers and officers with projects as required

Candidates should possess:

An Associate’s Degree or equivalent with at least two years’
experience working in the financial services industry

Series 7 designation

Excellent written and verbal communication skills

Proficiency with computer applications (Microsoft Office Suite)
Strong customer service, mathematical & organizational skills
with an eye for details

The desire to develop and grow as a Private Banker

Knowledge of money laundering prevention principles and

procedures

Fluency in French or Spanish

All interested applicants should submit a cover letter and resume to the

attention of:

Human Resources

Ansbacher (Bahamas) Limited

P. O. Box N-7768

Nassau, Bahamas
E-mail: vacancies @ ansbacher.bs

The deadline for all applications is

Friday November 26, 2010

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PAGE 6B, TUESDAY, NOVEMBER 23, 2010

THE TRIBUNE



Hewlett-Packard’s
fiscal 4Q tops Wall
Street estimates

SAN FRANCISCO

HEWLETT-PACKARD
CO., the world's biggest
technology company, on
Monday reported higher
profits, helped by corporate
spending even as demand
from consumers and gov-
ernments has wobbled
across the industry, accord-
ing to Associated Press.

The company also raised
its profit forecast for the
new fiscal year. Its shares
rose in after-hours trading.

The numbers, reported
Monday after the market
closed, offer more evidence

that the technology indus-
try's recovery is lopsided.

Purchases by big compa-
nies are buoying growth.
They have thawed budgets
that were frozen during the
depth of the recession.
Meanwhile, unemployment
worries have sapped con-
sumers' appetite for com-
puters, and state govern-
ments in the U.S. have
slashed spending to plug
budget holes. Other tech-
nology major leaguers, such
as Cisco Systems Inc. and
Intel Corp., have issued
warnings.

HP said its net income

LEGAL NOTICE

NOTICE
ENSEMBLE, LTD.

(Un Voluntary Liquidation)

NOTICE is hereby given that the above-named Company
is in dissolution, commencing on the 16th day of November,
2010. Articles of Dissolution have been duly registered by
the Registrar. The Liquidator is Barry W. Herman, P.O. Box
N-10818, Nassau, The Bahamas.

All persons having claims against the above-names
Company are required, on or before the 18th day of December,

2010 to send their names and addresses and particulars of
their debts or claims to the Liquidator of the Company or,
in default thereof, they may be excluded from the benefit or
any distribution made before such debts are proved.

Dated this 18th day of November, 2010.
4 ft
Ny (Wan ban

BARRY W. HERMAN
LIQUIDATOR



28 PICTET

1@05

was $2.54 billion, or $1.10
per share, in its fiscal fourth
quarter, which ended Oct.
31.

That was up 5 percent
from $2.41 billion, or 99
cents per share, last year.

Excluding items, the
company earned $1.33 per
share, topping the $1.27 per
share that analysts polled
by Thomson Reuters were
expecting, excluding items.

Revenue was $33.28 bil-
lion, an 8 percent increase
over last year.

Analysts expected $32.75
billion.

The higher guidance calls
for profit of $5.16 to $5.26
per share for the fiscal year
ending in October 2011.

The previous forecast
was $5.05 to $5.15 per
share.

The higher figures
include a gain of 4 cents per
share from real estate sales.

HP's earnings conference
call marks the first chance
for investors and analysts
to hear from the company's
new CEO, Leo Apotheker,
since he started the job
three weeks ago.

He takes over the com-
pany as it's in mid-stride in
a radical makeover. Mark
Hurd, HP's former CEO,
was spending billions of
dollars in acquisitions to
make the company less of a
one-trick pony that was
dependent on printer ink
for most of its profits,
before he was ousted in the
wake of a sexual harass-

PICTET BANK TRUST LIMITED

Invites qualified applicants for the following position:-

SENIOR FOREIGN EXCHANGE

TRADER

EDUCATION AND EXPERIENCE:-

-Excellent knowledge of foreign currency trading.

-At least ten years experience.
-In-depth knowledge in trading:-

Spot and Forward currency transactions

Currency swaps
Precious metals

Currency and precious metal options
-Ability to speak/write French would be an asset.
-Bachelor’s Degree in Finance or related subject.
-Proficiency in a variety of software applications including Microsoft

Office Suite.

REQUIRED SKILLS:-

-Ability to work independently.

-Strong organisational skills.

-Commitment to excellent customer service.
-Must be a team player.

-Excellent oral and written communication skills.

-Excellent problem solving skills.

-Ability to work under pressure and to meet strict deadlines.

APPLICATIONS MUST BE RECEIVED BY
TUESDAY, NOVEMBER 30, 2010

Please hand deliver Resume and two (2) references to:-
The Human Resources Manager

Bayside Executive Park

Building No. 1
Nassau, Bahamas

ABSOLUTELY NO TELEPHONE CALLS

WILL BE ACCEPTED

Offices in

Lausanne, Geneva, Zurich, Luxembourg, London, Montreal, Nassau, Singapore, Tokyo, Hong Kong,
Frankfurt, Florence, Milan, Madrid, Paris, Rome and Turin





IN THIS SEPT. 20. 2010 FILE PHOTO, the corporate logo for Hewlett-Packard Co. is displayed at an HP
Innovation Summit, in New York. Hewlett-Packard Co. releases quarterly financial earnings Monday, Nov.
22, 2010, after the market close. (AP)

ment investigation.

HP's results illuminate
trends in multiple markets.
It's the world's top PC sell-
er, and reported that rev-
enue from consumer PCs
fell 10 percent in the latest

quarter while business PCs
rose 20 percent. That was
a reversal of the trend dur-
ing the recession, when
consumers snapped up
inexpensive "netbooks."
Meanwhile, servers and

data storage technologies
are moving fast.

HP's revenue in that
business-focused category
rose 25 percent.

HP is among the top sell-
ers in both categories.

Stocks mixed as
Ireland bailout,
FBI probe weigh

Retail and consumer
goods stocks rise

NEW YORK

STOCKS pared their losses and ended
narrowly mixed Monday amid anxiety
over Europe's financial crisis and a widen-
ing probe into insider trading on Wall
Street, according to Associated Press.

Bank shares slumped after the Federal
Bureau of Investigation raided the offices
of two hedge funds as part of a broad
insider trading probe. Goldman Sachs
Group Inc. sank 3.4 percent, while Bank
of America Corp. fell 3.1 percent.

Retail and consumer goods stocks rose
on hopes that shoppers will be in a spend-
ing mood when they turn up in stores the
day after Thanksgiving as the holiday
shopping season gets under way.

The Dow Jones industrial average fell
24.97 points, 0.2 percent, to 11,178.58.
The Dow was down as much as 149 points
earlier.

Pressure

Bank stocks were already under pres-
sure because of concerns over how the
bailout of Ireland announced over the
weekend would affect their investment
portfolios and ability to increase divi-
dends.

"Banks will have to take a haircut,"
said Benjamin Wallace, securities
analyst at Grimes & Co in Westborough,
Mass.

"All these issues bring into question
whether banks are strong enough to pay
out dividends next year, and whether the
government will ask them to hold on to
more capital for some more time."

Ireland formally asked for help from
its neighbors Sunday following weeks of
pressure from the European Union.

While details of the package were still
being worked out, Ireland's government
slipped further into crisis Monday as a
coalition partner of Prime Minister Brian
Cowen threatened to abandon him.

It was the second time this year that
the European Union has come to the res-
cue of one of the 16 countries that use

the euro. In May, the EU and the IMF
committed $140 billion to Greece to pre-
vent the country from defaulting on its
debt.

Investors took heart from signs that the
holiday shopping season is off to a good
Start.

A widely watched gauge of spending,
MasterCard Advisors SpendingPulse,
found apparel sales rose 9.7 percent in
the first two weeks of November.

Online retailer Amazon.com Inc.'s
shares were up 3.4 percent, and Apple
Inc. rose 2.2 percent. Other technology
shares also rose, pushing the Nasdaq com-
posite index up 13.90, or 0.6 percent, to
2,532.02.

The Standard & Poor's 500 index fell
1.89, or 0.2 percent, to 1,197.84.

Economy

"Consumers make up 70 percent of the
economy and there is a sense that they
will start spending their increasing sav-
ings," said Steven Goldman, chief mar-
ket strategist at Weeden & Co.

In another positive sign, computer and
printer maker Hewlett-Packard Co.
reported better than expected results and
raised its profit forecast.

It's stock was up 1.7 percent in after-
hours trading.

Investors will sort through a full plate of
economic data this week, but trading will
be shortened by the Thanksgiving holi-
day on Thursday.

Reports set to be released Tuesday and
Wednesday include October home sales,
an update of consumer sentiment, and
revisions to earlier estimates of the third-
quarter gross domestic product.

Some economists expect that the latest
reading on U.S. economic growth for the
third quarter will be slightly higher that
the previously estimated 2.0 percent
increase.

Rising shares outpaced falling shares
by a hair on the New York Stock
Exchange. Consolidated trading volume
came to 3.8 billion shares.

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THE TRIBUNE

TUESDAY, NOVEMBER 23, 2010, PAGE 7B



GM stock
fluctuates at

start of first
full week

DETROIT

GENERAL MOTORS
stock gyrated between
positive and negative ter-
ritory Monday to close at a
loss as it started its first
full week of trading as a
reborn company, accord-
ing to Associated Press.

Analysts said the reason
is a combination of hedge
funds taking profits and
other investors jumping in
as the price dips, and they
expect volatility to last for
several more days.

GM stock closed Mon-
day at $34.08, down 18
cents per share, or 0.5 per-
cent. It dropped as much
as 45 cents to $33.81 in the
morning, but it rebound-
ed to a gain and continued
to move above and below
break-even all day. At one
point it hit 22 cents above
Friday's close of $34.26.
Volume was around 36
million shares, far below
the more than 400 million
trades in GM stock on
Thursday.

The stock movement
comes just two business
days after General Motors
Co. pulled off an IPO
worth $15.8 billion, signal-
ing the surprising resur-
rection of an American
corporate icon that col-
lapsed into bankruptcy
protection and was res-
cued with a $50 billion
bailout from U.S. taxpay-
ers.

Unstable

Volatility will likely con-
tinue for at least a few
more days because stock
markets have been unsta-
ble of late and as hedge
funds continue to take
profits and other traders
search for bargains, said
Joe Phillippi, a former
Wall Street analyst who is
now president of
AutoTrends Consulting in
Short Hills, N.J. He also
said investors could be
buying with the expecta-
tion of a pop in the price
because GM should make
its way back into the Stan-
dard & Poor's 500 index
shortly. Membership in the
index is important because
many mutual funds buy
shares based on it.

"The hedge funds are
obviously big players.
They're flipping.

“They used their muscle
to get big strong alloca-
tions" in the IPO, Phillip-
pi said.

"You may very well
have a lot of portfolio
managers buying the stock
when it dips, figuring that
it's going to be put back
into the S&P 500 soon."

On Monday, Standard &
Poor's began covering the
new GM stock by recom-
mending that investors
hold it.

Analyst Efraim Levy set
a 12-month price target of
$36 and wrote that he
expects earnings per share
of $2.78 in 2010 and $3.62
in 2011.

GM earned $2.62 per
share through the first
three quarters of this year.

He based his recom-
mendation on GM's low-
er operating and borrow-
ing costs after leaving
bankruptcy protection,
and a greater focus on its
remaining four brands.
GM got rid of Hummer,
Saab, Pontiac and Saturn
and now can focus on
Chevrolet, Buick, GMC
and Cadillac. Levy pre-

dicts U.S. industry sales
next year of 13 million, up
from 11.5 million expected
this year.

Monday's trading was
similar to but not as dra-
matic as Friday's.

At the opening bell that
day, the stock fell $1.08 to
$33.11 as investors sold to
lock in profits.

The stock recovered
after nearing the IPO
price of $33 per share,
leading some analysts to
speculate that large
investors stepped in to
stop it from hitting $33, a
price that could trigger
computerized "stop loss"
orders to sell.

Friday's early drop also
could have been halted by
investors who jumped in
to buy at a relatively low
price, the analysts said. It
ended the day up 7 cents,
or 0.2 percent, at $34.26.

Phillippi said the large
investment banks will do
whatever it takes to keep
the price above $33 and
avoid triggering any com-
puterized sell orders.

Even though they can-
not buy stock under Secu-
rities and Exchange Com-
mission rules, they can
legally talk to big investors
and persuade them to buy,
he and others said.

Messages were left with
spokeswomen for JPMor-
gan and Morgan Stanley,
the two lead underwriters
in the GM IPO.

On Friday, Morgan
Stanley would not com-
ment on whether it took
action to stop GM's stock
from dropping, while a
message left at JPMorgan
Chase & Co. was not
returned. GM also would
not comment Monday.

In the IPO, GM's own-
ers — mainly the U.S. gov-
ernment — sold 478 mil-
lion shares at $33 each.
Shortly after the opening
bell on the first day of
trading Thursday the price
jumped as high as $35.99,
then pulled back later in
the day. GM ended Thurs-
day with a gain of 3.6 per-
cent at $34.19.

Debt

The government is on its
way to getting back at
least part of the $50 bil-
lion it spent bailing out
GM, which emerged from
bankruptcy protection last
year with a balance sheet
cleansed of huge debt.
GM's debt was reduced to
$8 billion from a stagger-
ing $104 billion in the
bankruptcy process.

The leaner company
earned $4.2 billion in the
first nine months of this
year, and its chief finan-
cial officer said it could
post huge pretax profits if
the U.S. auto market
recovers to pre-recession
highs.

The government made
$11.8 billion by selling 358
million shares at $33
apiece in the IPO, and
reduced its ownership
stake in GM to about 36
percent from 61 percent.

It stands to make $13.6
billion — and lower its
stake to 33 percent — if
bankers exercise options
for 54 million more shares.
If the options are taken,
the government will have
500 million shares left, and
they must sell for $53 each
in order to get all the
bailout money back. Those
options could be exercised
this week.



IN THIS file photo taken Thursday, Nov. 18, 2010, General Motors headquarters are shown in Detroit. Shares
of the reborn General Motors lost momentum in early trading Friday, Nov. 19, dropping more than 2 per-
cent on their second day of trading as a new company.

Paul Sancya, file/AP
















From the earliest days of the
organization, Rotarians were
concerned with promoting high
ethical standards in their
professional lives. One of the
world's most widely printed and
quoted statements of business
ethics is The Four-Way Test,
which was created in 1932 by
Rotarian Herbert J. Taylor. This
24-word Test has been
translated into more than a
hundred languages and
published in thousands of ways.
It asks the following four
questions:

The Four-Way Test

“Of the things we think,

say or do

1. Is it the truth?

2. Is it fair to all
concerned?

3. Will it build goodwill
and better friendships?

4. Will it be beneficial to
all concerned?”

—
—
a

—

a
a

x\ xv
oie
Rules: OFFICIAL ENTRY FORM
1. Children ages 10-16 may enter. Judging will be in two
age categories: 10 - 13 years and 14-16 years for a first Child’s Name:
and second place winner in each category.
2. Write a essay answering the following subject: Aen
“What does the Four-Way Test mean to me.” Explain AS
your understanding of the 4-Way Test as it relates to Seheek
your life, experiences, and/or society in general.” a
Your essay must include the four principles.
3. The body of the essay must not exceed 1,000 words. Address:
Adults may assist the child in filling out the entry form,
but not in writing the letter. P.O. Box: a
4, Limit one essay per child. All entries must be received by
the Rotary Club of East Nassau before Nov 30, 2010. Email Address:
5. Only essaysaccompanied by originalentryformsclipped == =
from the newspaper will be accepted. Photocopy, fax, Parent’s Name:
carbon or other copies will not be accepted. - —
6. One winner will be chosen from each age category. The Parent's Signature:
decision of the judges is final. oe
7. Winner must agree to a photo presentation which will Telephone contact: (H) (w)

be published in the newspaper. oe Ns
. Mail essay and completed newspaper clipping to

The Four-Way Test Essay Competition,

Attn: Joanne Smith, The Rotary Club of East Nassau,

P.O. Box N-1299, Nassau, Bahamas

All entries become property of the Rotary Club of East Nassau and can be used
and reproduced for any purpose without compensation.

Rotary Club of

YEAST

BAHAMAS, Distrlei 7020

The Tribune

4 si wf
Py Lovee. Fily Fiswspapet



TO DISCUSS STORIES ON THIS PAGE LOG ON TO WWW.TRIBUNE242.COM
PAGE 8B, TUESDAY, NOVEMBER 23, 2010

THE TRIBUNE





Oil prices fall on worries
about global economy

























































































NOTICE

ESSO EXPLORATION AND PRODUCTION
ANGOLA (INNER TREND) LIMITED

NOTICE

ESSO EXPLORATION AND
iRER TREND) LIMITED NOTICE IS HEREBY GIVEN as follows:

(a) ESSO EXPLORATION AND
PRODUCTION (INNER TREND) LIMITED
is in dissolution under the provisions of the
International Business Companies Act



Creditors having debts or claims against the above-
named Company are required to send particulars
thereof to the undersigned c/o P.O. Box N-624,
Nassau, Bahamas on or before 15" day of December,
A.D., 2010. In default thereofthey willbe excluded from
the benefit of any distribution made by the Liquidator.

The dissolution of the said Company
commenced on the 19th day of November,
2010 when its Articles of Dissolution were
submitted to and registered by the
Registrar General.

Dated the 19th day of November, A.D., 2010. The Liquidator of the said Company is Carol
G. Gray, of 16825 Northchase Drive
Houston, Texas 77060, U.S.A.

Dated the 19th day of November, 2010.
HARRY B. SANDS,

LOBOSKY MANAGEMENT CO. LTD.
Attorneys for the above-named Company

Carol G. Gray
Liquidator
16825 Northchase Drive
Houston, Texas 77060
U.S.A.

NOTICE NOTICE
EXXONMOBIL EXPLORATION AND

EXXONMOBIL EXPLORATION AND PRODUCTION (OKHOTSK) LIMITED

PRODUCTION

(OKHOTSK) LIMITED NOTICE IS HEREBY GIVEN as follows:

(a) EXXONMOBIL EXPLORATION AND
PRODUCTION (OKHOTSK) LIMITED is in
dissolution under the provisions of the
ae anewe Business Companies Act



Creditors having debts or claims against the above-
named Company are required to send particulars
thereoftothe undersigned c/o P.O. Box N-624, Nassau,
Bahamas on or before 15" day of December, A.D.,
2010. In default thereof they will be excluded from
the benefit of any distribution made by the Liquidator.

The dissolution of the said Company
commenced on the 19th day of November,
2010 when its Articles of Dissolution were
submitted to and registered by the

Dated the 19th day of November, A.D., 2010. Registrar General.

The Liquidator of the said Company is Carol
G. Gray, of 16825 Northchase Drive
Houston, Texas 77060, U.S.A.

Dated the 19th day of November, 2010.
HARRY B. SANDS

LOBOSKY MANAGEMENT CO. LTD.
Attorneys for the above-named Company

Carol G. Gray
Liquidator
16825 Northchase Drive
Houston, Texas 77060
U.S.A.

NOTICE NOTICE
EXXONMOBIL EXPLORATION
EXXONMOBIL EXPLORATION AND AND PRODUCTION (YAMAL GYDAN) LIMITED
PRODUCTION
(YAMAL GYDAN) LIMITED
NOTICE IS HEREBY GIVEN as follows:

EXXONMOBIL EXPLORATION AND
PRODUCTION (YAMAL GYDAN) LIMITED
is in dissolution under the provisions of the
International Business Companies Act



Creditors having debts or claims against the above- (a)
named Company are required to send particulars
thereofto the undersigned c/o P.O. Box N-624, Nassau,

Bahamas on or before 15° day of December, A.D.,

2010. In default thereof they will be excluded from

the benefit of any distribution made by the Liquidator. The dissolution of the said Compan
commenced on the 19th day of November,
2010 when its Articles of Dissolution

were submitted to and registered by the
Registrar General.

Dated the 19th day of November, A.D., 2010.

The Liquidator of the said Company is Carol
G. Gray, of 16825 Northchase Drive
Houston, Texas 77060, U.S.A.

Dated the 19th day of November, 2010.

HARRY B. SANDS,
LOBOSKY MANAGEMENTCO. LTD.
Attorneys for the above-named Company

E-3 EG CAPITAL MARKETS
CQ BROKERAGE & ADVISORY SERVICES

cluecrica eT A T.

Carol G. Gray
Liquidator
16825 Northchase Drive
Houston,Texas 77060
U.S.A.

ROYAL FIDELITY

Moray an Work

BISX LISTED & TRADED SECURITIES AS OF:
MONDAY, 22 NOVEMBER 2010
BISX ALL SHARE INDEX: CLOSE 1,483.20 | CHG -0.04 | %CHG 0.00 | YTD -82.18 | YTD % -5.25
FINDEX: CLOSE 000.00 | YTD 00.00% | 2009 -12.31%
WWW.BISXBAHAMAS.COM | TELEPHONE: 242-323-2330 | FACSIMILE: 242-323-2320

Securit Previous Close Today's Close Change Daily Vol. EPS $ Div $
"AML Foods Limited
Bahamas Property Fund
Bank of Bahamas
Benchmark

Bahamas Waste

Fidelity Bank

Cable Bahamas

Colina Holdings
Commonwealth Bank ($1)
Consolidated Water BDRs
Doctor's Hospital

FirstCaribbean Bank
Focol (S$)
Focol Class B Preference
ICD Utilities AG5.8
J. S. Johnson x B . . 10.1
Premier Real Estate 10.00 5 10.1
BISX LISTED DEBT SECURITIES - (Bonds trade on a Percentage Pricing basis)
Security Last Sale Change Daily Vol.
Bahamas Note 6.95 (2029) 0.00
Fidelity Bank Note 17 (Series A) + FBB17 100.00 0.00
Fidelity Bank Note 22 (Series B) + FBB22 100.00 0.00 Prime + 1.75%
Fidelity Bank Note 13 (Series C) + FBB13 100.00 0.00 7%
Fidelity Bank Note 15 (Series D) + FBB15 100.00 0.00 Prime + 1.75%
RoyalFidelity Merchant Bank & Trust Ltd. (Over-The-Counter Securities)
Symbol Bid $ Ask $ Last Price Daily Vol.
Bahamas Supermarkets
RND Holdings

Interest Maturity
20 November 2029
19 October 2017
19 October 2022
30 May 2013
29 May 2015

EPS $
-2.945
0.001

Div $
0.000

oy 0.000

CFAL Securities Ltd. (Over-The-Counter Securities)

ABDAB 30.13 31.59 29.00 4.540

RND Holdings 0.45 0.55 0.55 0.002

BISX Listed Mutual Funds

S

0.000
0.000

NAV 3MTH
1.490421
2.919946
1.545071

NAV 6MTH
1.467397
2.911577
1.530224

Fund Name
CFAL Bond Fund
CFAL MSI Preferred Fund
CFAL Money Market Fund
Royal Fidelity Bahamas G & | Fund
Royal Fidelity Prime Income Fund
CFAL Global Bond Fund
CFAL Global Equity Fund
FG Financial Preferred Income Fund
FG Financial Growth Fund
FG Financial Diversified Fund
Royal Fidelity Bah Int'l Investment Fund Principal
Protected TIGRS, Series 1 i 35% 31-Oct-10
Royal Fidelity Bah Int'l Investment Fund Principal

Ss.

109.392860
100.779540

107.570619
105.776543

31-Oct-10

10.0000
10.6000 31-Oct-10
9.1708 investment Fund Principal
9.5037
8.1643

MARKET TERMS

31-Oct-10
4.8105 Royal Fidelity Int'l Fund - Equities Sub Fund 31-Oct-10
BISX ALL SHARE INDEX - 19 Dec 02 = 1,000.00 ided by closing price

52wk-Hi - Highest closing pri eks iA $ - i i idelity

m day to day
aded today
re paid in the last 12 months
-cl d by the last 12 month earnings
(S) - 4-for-1 Stock Split - ate
($1) - 3-for-1 Stock Split - Effective Date 7/11/2007
TO TRADE CALL: CFAL 242-502-7010 | ROYALFIDELITY 242-356-7764 | FG CAPITAL MARKETS 242-396-4000 | COLONIAL 242-502-7525

FINDEX< - The Fidelity Bahamas Stock Index. January 1, 1994 = 100

By SANDY SHORE,
AP Business Writer

OIL PRICES retreated
Monday as concerns grew
about economic stability in
Europe after Ireland sought
billions of dollars in finan-
cial assistance from its
neighbors.

Benchmark crude for Jan-
uary delivery fell 24 cents to
settle at $81.74 a barrel on
the New York Mercantile
Exchange. The price has
dropped about 5 percent
from a week ago in the wake
of Ireland's debt crisis and
China's efforts to slow eco-
nomic growth.

Prices

Meanwhile, the national
average for a gallon of reg-
ular gasoline was $2.876 on
Monday, according to the
Energy Department's Ener-
gy Information Administra-
tion. That's almost 2 cents
less than a week ago and
about 24 cents more than a
year ago. Drivers in Gulf
Coast states are seeing the
lowest prices, at an average
$2.694 a gallon. California
gas Stations charge the most:
around $3.17 a gallon.

Pump prices in major
cities range from an average
of $2.66 a gallon in Houston
to $3.21 a gallon in San
Francisco. Drivers in New
York City pay about $3.01 a
gallon. Regular goes for
$3.08 in Chicago, $2.95 in
Boston, $2.94 in Miami and
$2.68 in Denver.

Ireland formally request-
ed help Sunday from other
countries in the European
Union after a financial crisis
developed with losses at
three nationalized banks.
Terms of the package from
the European Union and
the International Monetary
Fund are being negotiated
but should not exceed $137
billion.

Ireland's action follows a
multi-billion dollar Euro-

pean bailout approved in
May for Greece to prevent it
from defaulting on its debt.

Now, traders and
investors are concerned that
heavy debt burdens in
Spain, Portugal and Italy
may lead to other bailout
packages, slower global eco-
nomic recovery and weak
demand for oil and gas.

Some traders are selling
contracts to reduce their risk
ahead of the Thanksgiving
holiday weekend.

Efforts by China to tight-
enits monetary policy, with
things like higher bank
reserve requirements, also
weighed on energy prices.
China's rampant growth
and thirst for energy have
driven oil prices higher even
as economies in the U.S.
and Europe have been slug-
gish.

"Certainly things can
unfold in the eurozone very
quickly," LaSalle Futures
Group analyst Matt Zeman
said.

"Things can happen in
China very quickly. Why
take that risk home with you
over the long weekend?"

Dollar

Trading was light Mon-
day, which can contribute to
volatility in price swings. In
addition, the dollar was
stronger against other cur-
rencies. Since oil and other
commodities are priced in
dollars, a stronger dollar
makes them less of a bar-
gain for traders using other
currencies.

In other Nymex trading in
December contracts, heat-
ing oil fell 0.58 cent to settle
at $2.2686 a gallon, gasoline
lost 4.41 cents to settle at
$2.1519 a gallon.

Natural gas added 10.7
cents to settle at $4.271 per
1,000 cubic feet.

In London, Brent crude
lost 38 cents to settle at
$83.96 a barrel on the ICE
Futures exchange.

Novell draws new
bid of $2.2 billion

WALTHAM, Massachusetts

BUSINESS software maker Novell Inc. said Monday it has
found a new suitor to take over the company after rejecting a
lower offer from a private equity firm earlier this year, accord-

ing to Associated Press.

Novell, based in Waltham, Massachusetts, said Attachmate
Corp. has agreed to pay about $2.2 billion in cash, or $6.10 per

share.

That tops an offer of $5.75 per share that Elliott Associates
L.P. made back in March, a bid that valued the company at
about $2 billion. As a part of the deal announced Monday,
Elliott will get a stake in Attachmate.

The new offer represents a premium of 27 percent over
Novell's closing share price of $4.80 on March 1, the day before
Elliott Associates made its offer.

Novell said it is also selling some of its intellectual property
rights to a consortium of technology companies organized by
Microsoft Corp. for $450 million.

Novell shares climbed 37 cents, or 6.6 percent, to close Mon-

day at $5.96.

Attachmate, based in Seattle, is owned by private equity
firms Francisco Partners, Golden Gate Capital and Thoma

PUBLIC NOTICE
INTENT TO CHANGE NAME BY DEED POLL

The Public is hereby advised that |, ISME NERTIRS
MATT of #41 Edgar Place, Freeport, Bahamas, intend
to change my name to ISME NERTTERS RICHE. [f
there are any objections to this change of name by Deed
Poll, you may write such objections to the Deputy Chief
Passport Officer, RO.Box F-43536, Grand Bahama, no
later than thirty (80) days after the date of publication of

Bravo.

this notice.

NOTICE is hereby given that IZNARA ETIENNE

of Peardale/Balfour Ave.,
to the Minister se for Nationality
and Citizenship, for registrati

applying

Nassau, Bahamas Is

on/naturalization as a

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

from the 16'*day of November, 2010 to the

inister

responsible for nationality and Citizenship, P.O. Box

N-7147, Nassau, Bahamas.

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

TUESDAY, NOVEMBER 23, 2010, PAGE 9B





The Tribune



B O Di

A N D M |



©

nm 6D



ith



SHARLENE’S

MAMMOGRAM PARTY



PARTY TIME: Sharlene Smith wearing a party hat toasts her birthday with sisters and close friends.




tested.

By CARA BRENNEN-BETHEL
Tribune Features Editor

harlene Smith had very special plans for her 42nd

birthday, she wanted to ensure that she and her sis-

ters and close friends would be around to see many

more birthdays, and she wanted to turn a preven-
tative medical procedure into an afternoon of fun.

“Tt was my 42nd birthday and I knew that I had to have my
annual physical which includes a mammogram and I saw
where the Breast Cancer was advertising mammogram parties,
so I decided that it was perfect for me and my sisters and
close friends to spend the afternoon getting tested.

Sharlene explained that she and her family are keenly aware
of the importance of the life- saving procedure.

“T have five sisters and we all have fibrocystic breasts, which
means that we are genetically predisposed to breast cancer.

“Also, I have a very close friend who was diagnosed with
breast cancer at the age of 35 and she is now a four year can-
cer survivor, so seeing her situation also stressed how impor-
tant it is to get tested.”

Because of their genetic predisposition to the disease, doc-
tors have recommended that the Sharlene and her sisters
have mammograms annually.

Joining Sharlene for the special day on Saturday were sisters
Deidre Miller and Renee Knowles, and her work colleagues
and close friends from the College of the Bahamas- her man-
ager Williamae Johnson, Antoinette Pinder and Denece Mack-
ey.
Tee being tested, the ladies spent time listening to music
and eating a scrumptious spread of appetisers and pink cup-
cakes at The Breast Cancer on Collins Avenue which was
decorated in the breast cancer awareness signature pink.

Inspired

Sharlene hopes that other women will be inspired by the
Breast Centre offer of a mammogram party.

“It is so important to have mammograms done, because
breast cancer can be detected and cured and the digital mam-
mograms which they do now are much less painful than the
conventional ones that people may be used to having had in the
past,” she said.

Dr Ravi Shankar, the physician on hand at the Breast Cen-
ter to read the images, explained that the digital mammo-
grams allow for more accurate and clear images which is bet-
ter especially for women who may have denser breast tissue.
Additionally, Dr Shankar explained that there is computer soft-



LET’S PARTY —a feast was laid out for the women to enjoy after getting
tested.

TESTING TIME: Sharlene Smith and one of her guests await being

ware which can be applied to the images to help read the
images.

“So I would first look at the images and then I can apply the
software to them and it can give me different views and it is like
a second pair of eyes.”

He said that the current international standards and rec-
ommendations are that woman over 50 get a mammogram
annually to avoid an over exposure to radiation. However
some medical professionals suggest women between 40-50
have them once every 2 years.

He said that cancer was on average found in white woman
between the ages of 50 and 60.

However, he explained that it is especially important for
Bahamian women to get regular mammograms, because recent
studies have shown that black Bahamian women in particular
are being diagnosed at younger ages- in some cases in their
early 30’s.

The early incidences of breast cancer may be a result of the
genetic makeup of black woman although it has not been
definitively determined.

“This does not mean that every young woman should rush
to get a mammogram because there is still the risk of radiation
exposure, but they should know their risk profile and discuss
the benefits of having a mammogram with their gynecolo-
gist,” he said.

Breast Cancer Month climaxes with a candlelight vigil in Rawson Square!

By ALESHA CADET
Tribune Features
Reporter

THE Sister Sister Candle-
light Vigil recently held in
Rawson Square highlighted
Breast Cancer month and
was the closing event held by
the organisation in com-
memoration of breast cancer
month.

Andrea Sweeting, Presi-
dent of the Surgical Suite Sis-
ter Sister Breast Cancer Sup-
port Group said, “What a
way to close the curtain on
the events of an exciting
month of educating our com-
munity on the Awareness of
Breast Cancer.”

She defined the Candle-
light Vigil as “a time to cele-
brate, give thanks and praises
to our God for the mission
which he has commissioned
us.”

Ms Sweeting went on to
thank God for the unity the
Cancer Support agencies
share fighting the battle. “We
thank God for the lives we
have had the ability to touch
and the lives that have
touched and transformed our
hearts,” she said.

The 5th Annual Candle-
light Vigil was established,
originally as a highlight of a
one day visit from the Sister



7



ATIME TO CELEBRATE AND CONTINUE THE FIGHT: Members of the Mt. Moriah Church’s Girls brigade sing at the Sister Sister Candle-
light Vigil, the closing ceremony for the Breast Cancer Month of Activities.

Sister Miami Affiliate Komen
Sisters who had visited on a
cruise ship. Tribune under-
stands that the first vigil had
followed a walk on Paradise
Island and dinner, before the

group had re-boarded their
ship.

“It was one time only
because after that the ship
started leaving the port earli-
er. But it was a wonderful

idea, so we kept it going. And
as result since then, the assis-
tance and partnership is edu-
cating our community
between the other organisa-
tions,” Mrs Sweeting added.

Going further, prior to the
ceremony that evening, two
groups of cancer survivors
and supporters, representing
all of these organisations,
staged a brief symbolic walk

SCREENING SAVES LIVES

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

from Elizabeth and George
Streets, to Rawson Square,
marking their unity and the
onset of the ceremony.

Ms Sweeting explained
that it is unfortunate that we
continue to loose beloved sis-
ters, mothers, friends and co-
workers to this disease. “
While the message remains
the same, it must become
more forceful,” she said,

Detection

She added that screenings
are a “ must annually.” “We
must encourage family and
friends to do the same as ear-
ly detection saves lives and it
enables us to save and help
one person at a time,” said.

The Mount Moriah
Church’s Girls brigade was
featured at the 5th Annual
Sister Sister Candlelight Vig-
il recently held in Rawson
Square. Mrs Sweeting also
thanked all in attendance for
their support and participa-
tion during the Breast Cancer
Awareness Month. She quot-
ed the scripture, “For the bat-
tle is not ours, it is the
Lord’s”, and emphasised
that, “we (cancer survivors)
are the simple and humble
vessels He (God) has chosen
to use.”


PAGE 10B, TUESDAY, NOVEMBER 238, 2010

in warmer climates.

The herb is fast growing and has a distinctive taste
that is hard to find a substitute for. It has one of
those tastes that you either love or hate: a deep, oily
flavour that dominates whatever it is added to.
Cilantro is an essential ingredient in Mexican salsas.

The seeds of cilantro are coriander, one of the base
ingredients for a curry powder. Coriander is a spice while
cilantro is a herb. Cilantro grows very quickly. In fact too
quickly as it tends to bolt soon after reaching maturity in a
few weeks. For this reason it is a good tactic to sow just a
couple of cilantro plants every two weeks if you are an afi-

cionado.

Gaining ground on cilantro as a dominant tropical herb
is Mexican tarragon (Tagetes lucida) that is also known as
Mexican marigold. Restaurants used to have a hard time
obtaining French tarragon all year round and Mexican tar-
ragon is now used extensively with no loss in fine flavour.

Mexican tarragon is sold as an annual but I have found
that once the plant dies back it can be left and the root ball
will resurrect itself in time. It also grows from seeds pro-
duces by the beautiful yellow flowers so you have double
protection against losing your tarragon permanently.

Mexican tarragon was made for chicken and can also be
used to flavour vinegar. No Bahamian herb garden should

be without a stand or two.

There are some African plants that have made their way
around the tropical world as hot weather herbs. Members
of the mint family, Plectranthus species appear in many
Bahamian gardens as they are hardy and very easy to look

Cy

ost of our culinary herbs are of
European, particularly Mediter-
ranean, heritage but there is a
group of herbs that can be substi-
tuted quite readily and are right at home in our
warm Weather conditions in The Bahamas.
Cilantro was once known as Chinese or Mexican
parsley and it is used far more than regular parsley

LOVING RELATIONSHIPS

after. In general they are very fleshy, highly
redolent, and the common nomenclature is
very confusing.

P. amboinicus is called Cuban oregano,

thyme and Mexican mint. P. tomentosa is
called Cuban oregano. P. coleoides is called
Cuban oregano, Mexican oregano and
Spanish thyme, while a variegated version
with a white leaf border is called Swedish
ivy. Do you notice the problem: several dif-
ferent species with the same common name.
The confusion is caused by the rather
strong scent and flavour of Plectranthus. If
you look for a thyme scent, you will find it;
likewise oregano, mint and borage can be detected. I call
P. amboinicus Cuban oregano. Its leaves are somewhat
smaller and fleshier than the others, longer than they are
wide. I call P. colecides Mexican thyme. The leaves are
rounder and serrated, and the flavour much closer to
thyme than oregano.
There is also a member of the verbena family that is
called Mexican oregano (Lippia graveolens). It is native
from Texas through South America to northern South
America. This plant probably deserves its name as it is
native to Mexico and does not come from Africa. Its

fresh in salsas.

THE TRIBUNE

By Gardener Jack




growth and appearance are similar to coleus or nettles.
Although I have been assured you can cook at length

with these tropical herbs, I have always preferred to add

them towards the end of the cooking process or use them

Plectranthus and Lippia can easily be grown from cut-

Have you filed your EX?

He is your relationship
desk these days? Do you
have a lot of working files that you
look at frequently and you add to on
a regular basis? Do you have a lot of
unfinished work that you just pro-
crastinate over? Or do you have
many files that are completed and
filed away? We hear over and over
that we need to put time and effort
into our relationships, but what hap-
pens when they just do not work out
and they come to an end?

The end of a relationship is almost
always painful, but at times it can be
a relief. Closing that particular file
however may not be that easy.
Depending if there is a particular
‘dumper ', 'dumpee' or if it is a mutu-
al agreement will determine how you
move on in the future. Ideally all
questions, unresolved problems, good
times and things learnt from the rela-
tionship will be aired. Of course, this
requires a great deal of respect and



con-

sideration, both of which are often
missing when things come to a close.

What happens when it all ends in a
big chaotic mess? You may be left
out to dry, or perhaps you are the
one too cowardly to face the music. If
we do not wrap things up, and feel
everything has been taken care of,
then we drag it around with us into
the next relationship. We punish or
treat the next person as if they were a
shadow of the last. It is not surprising
that we go through life wondering
why we can not get it right. Are we
always choosing the wrong people,
or is it us?

People assume that long relation-
ships are the hardest to get over. Cer-
tainly there is more history, possibly
children and joint property. However,
all too often we see that their life
together has ‘played out' and that it
has reached a natural conclusion.
Short relationships, however, may
have terminated before their time
and the expected course of things did
not take place. The questions of ‘what
ifs....' and ‘might have
been....'remain floating in the air
unanswered. One thing we know for
sure is that no matter what type of
ending you have it is all emotionally
draining, and something we would
all like to avoid.

Vary

The work needed before we can
close that particular file can vary in
time depending on the individuals
involved and their circumstances. Ini-
tially, you may feel sad, angry or you

AP REPORT

may feel nothing. If you feel sad then
you more than likely turning events
inwards and blaming yourself for the
loss. Or you may direct angry feel-
ings outwards and blame the other
person. Feeling nothing may mean
you are just avoiding the whole del-
uge of emotions.

Discovering why something hap-
pened, and the person that we
emerge as, allows the forgiveness to
take place. We can then step aside
and release ourselves from the pain.
This is what is meant to be and this is
the direction our life is meant to take.

The scenario of letting go and
accepting the loss of a relationship
would seem like the natural process
of things. For some people, the course
of events is blocked by the other per-
son. This is often seen when children
are used as bargaining power. We
may feel as if we are held hostage in
the relationship and closure seems
impossible. Even if this takes place we
need to find a way to release our-

tings and need very little in the way of TLC. Once estab-
lished, they are an attractive foliage addition to the garden
and seem to act as insect deterrents.

gardenerjack@coralwave.com



By Maggie Bain

selves as individuals so that we can
move on with our lives.

Hopefully, at some point, this file
will be closed and filed away. You
will know by then if it will remain in
the back of the filing cabinet; never to
be reopened. On the other hand
because of mutual reasons, such as
children, it may have to be brought
out every now and then. When you
do it is important to remember to
handle your children's feelings with
care because they will be experienc-
ing similar emotions.

Things may still be more compli-
cated and you may have a stagnant
relationship that keeps you in limbo.
Relationships like this are suffocating
and very unhealthy. It is essential that
we continue working at our relation-
ships, or close them and file them
away. The goal is always to remember
to surround ourselves with good qual-
ity relationships that enrich our lives,
and keep away from those that pull us
down.

Pope seeks to start debate on condoms and AIDS

VICTOR L. SIMPSON,
Associated Press
VATICAN CITY

Pope Benedict XVI sought
to "kick-start a debate" when
he said some condom use may
be justified, Vatican insiders
say, raising hopes the church
may be starting to back away
from a complete ban and allow
condoms to play a role in the
battle against AIDS.

Just a year after he said con-
doms could be making the
AIDS crisis worse, Benedict
said that for some people, such
as male prostitutes, using them
could be a step in assuming
moral responsibility because
the intent is to "reduce the risk
of infection."

The pope did not suggest
using condoms as birth control,
which is banned by the church,
or mention the use of condoms
by married couples where one
partner is infected.

Still, some saw the pope's
comments as an attempt to
move the church forward on
the issue of condoms and health
risks.

For years, divisions in the
Vatican have held up any effort
to reconcile the church's ban
on contraception with the need
to help halt the spread of
AIDS. Theologians have stud-
ied the possibility of condon-
ing limited condom use as a

lesser evil, and reports years
ago said the Vatican was con-
sidering a document on the
issue, though opposition appar-
ently blocked publication.

One senior Vatican official
said Monday he believed the
pope just “wanted to kick-start
the debate." He spoke on con-
dition of anonymity because of
the sensitivity of the issue.

For the deeply conservative
Benedict, it seemed like a bold
leap into modernity — and a
nightmare for many at the Vat-
ican. The pope's comments
sparked a fierce debate among
Catholics, politicians and health
workers that is certain to rever-
berate for a long time despite
frantic damage control at the
Vatican.

In a sign of the tensions, the
Holy See's chief spokesman,
the Rev. Federico Lombardi,
rushed out a statement to
counter any impression the
church might lift its ban on arti-
ficial birth control. Lombardi
stressed the pope's comment
neither "reforms nor changes"
church teaching.

While much of the world
hailed Benedict's statement as a
major shift toward lifting the
church ban, conservatives insist-
ed the pontiff was not "justify-
ing” condom use from a theo-
logical point of view.

Many Vatican observers
were struck by the example the



(AP Photo/Noah Berger)

MASS: A processional starts mass at St. Ignatius Catholic Church on Sun-
day, Nov. 21, 2010, in San Francisco. Some Catholic believers in the Amer-
icas greeted Pope Benedict XVI's recent comments on condoms as a sign
that the church was stepping into the modern debate in the fight against
AIDS, though the church was adamant Sunday that nothing has changed
in its views banning contraception. There was praise and wariness for the
pope’s comments that condoms could be morally justified in some lim-
ited situations, such as for male prostitutes wanting to prevent the

spread of HIV.

pope used — that of a male
prostitute — though the com-
ments clearly were not meant
to condone prostitution or
homosexual conduct, which the
church condemns as "intrinsi-
cally disordered."

And while Benedict made
only a tiny opening, he stepped
where no pope has gone since
Pope Paul VI's 1968 encyclical
"Humanae Vitae," which was
supposed to have closed debate
on church policy barring
Catholics from using condoms

and other artificial contracep-
tion.

Notably, the pope chose to
make his statement in an inter-
view with a German journalist,
Peter Seewald, and not in an
official document. Excerpts of
Seewald's book, "Light of the
World: The Pope, the Church
and the Signs of the Times,"
first appeared Saturday in the
Vatican newspaper, L'Osser-
vatore Romano.

Luigi Accattoli, a veteran
Vatican journalist who will be

on a Vatican panel launching
the book Tuesday, said Bene-
dict had taken a "long-await-
ed" step that only the highest
authority of the church could
do."

Also on the panel is an influ-
ential prelate who showed his
independence last year when
he argued that Brazilian doc-
tors should not be excommu-
nicated for aborting the twin
fetuses of a 9-year-old child
who was allegedly raped by her
stepfather.

Monsignor Rino Fisichella
argued the doctors were saving
the girl's life and should be
shown mercy; he was forced out
as head of the Vatican's
bioethics advisory committee
for his stance.

Benedict previously had
shown little sign of budging on
the issue of condoms. Last year
while en route to Africa, the
continent hardest hit by HIV,
he drew criticism from many
health workers by saying con-
doms not only did not help stop
the spread of AIDS but exac-
erbated the problem.

With Benedict prone to
gaffes and crises — such as his
remarks likening Islam to vio-
lence that caused a fury in the
Muslin world and his lifting of
the excommunication of a
Holocaust-denier — some won-
dered whether it was again a
communication problem.

However, Seewald wrote in
the preface that Benedict had
reviewed the text and made
only small corrections.

Seewald, who wrote two oth-
er books of interviews with
Benedict while he was a cardi-
nal, spent six hours over six
days with Benedict at the papal
summer residence in Castel
Gandolfo in July.

The German-born pope
appears comfortable talking
with his fellow countrymen.
The only other interview the
pope has given was to German
television in 2006.

Beyond the debate within the
Roman Catholic church on its
condoms policy, it is unclear
how much effect the shift could
have on health policy in Africa.

Kevin O'Reilly, a World
Health Organization AIDS
expert in Geneva, said the
pope's comments "will remove
some barriers in Africa.”

"The fact that the Vatican is
demonstrating any flexibility at
all, and is considering the real-
world use of condoms, is
encouraging,” O'Reilly said.

"Some of the churches there
have been actively campaign-
ing against condom use," he
added.

"But I don't think there are a
lot of people making decisions
about condom use while wor-
rying about what the Vatican
is up to."

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


THE TRIBUNE



TUESDAY, NOVEMBER 28, 2010, PAGE 11B



AUTUMN LEAVES CONCERT

By ALESHA CADET
Tribune Features Reporter

HE members of the Nas-

sau Chapter of The Links,

Inc will officially present

their “Autumn Leaves”
Concert that will feature an evening of
elegant music.

The event will take place at the at
College of the Bahamas’ Performing
Arts Centre, starting 8 pm and will raise
funds for the various projects the organ-
isation funds.

The concert will be feature the best of
home and abroad. The Concert features
the 2010 Marlin award winning Mount
Tabor Full Gospel Praise Team, The
Bahamas National Youth Choir, Pat
Rahming and Antoine Wallace and Ms
Nikita Wells from the Best of Broad-
way.

Cecilia Cooper, a member of the Nas-
sau Chapter of The Links, Inc told 77i-
bune Woman that one of the main pro-
jects has been the establishment of the
safe house for women and girls in crisis
in Nassau.

Links is an organisation of accom-
plished, dedicated women who are
active in your community. The Links
members are newsmakers, role models,
mentors, activists and volunteers who
work toward the realisation of making
the name “Links” not only a chain of
friendship, but also a chain of purpose-
ful service.

As stated on their website, the Million
Dollar Links Safe House for Women
in Crises was opened on October 17,
2003 in Nassau, Bahamas, through the
sustained efforts, determination and lov-
ing care of twenty six members of the
Nassau Chapter of The Links, Inc.

" The facility was built from dona-
tions given by numerous corporate
sponsors and fund raising activities put
on by The Nassau Chapter of The
Links, Incorporated with the support
of the community,” it stated.

Ms Cooper said the safe house works
very closely with the woman's crisis cen-
ter and the department of social ser-
vices.

"The Autumn Leaves Concert has
not been annual but this is the third



AWARD-WINNING: The 2010 Marlin award winning Mount Tabor Full Gospel Praise
Team is set to perform at the Autumn Leaves Concert.

concert of it's kind, this concert is in
aid of projects of the Nassau Chapter of
The Links, Inc " she said.

Speaking on the name of the concert,
she said: " We call it Autumn Leaves
because of the time of year and it is a
wonderful way to kick off the perfect
Holiday season.”

Giving a brief on the performers, Ms
Cooper added: " The Bahamas Nation-
al Youth Choir has actually produced
eight recordings to date and sung in
eighteen different languages. Also,

British brides live

[am icelmomcon ie]
wedding date

SYLVIA HUI,
Associated Press
LONDON

he wedding of Wills and

Kate is the only one that

matters next year. Unless,

of course, you're having
one yourself.

Britain is captivated by speculation
over where and when their prince will
wed — but few are keeping their eyes
peeled as much as British brides-to-be.
Planning the biggest day of your life is
stressful enough without having to com-
pete with a multimillion-pound (dollar)
affair that will be the biggest British
wedding — perhaps the biggest wed-
ding, period — in decades.

Fear and horror are spreading
through British bridal circles — and a
whole new batch of young women are
ready to pitch a royal hissy fit.

"If their wedding was on my wedding
day, I don't know what I would do!"
said Anna Whitcomb, 28, trying on wed-
ding dresses at a London department
store. "I know all my family members
and guests would want to watch the cel-
ebration and would be distracted.”

"I'm supposed to be the princess, and
now I have a real princess to compete
with,” she added. Chelsea Slipko, also
looking for a wedding gown at the store,
said she couldn't deal with sharing a
date with the royals.

"It's like having your birthday on New
Year's or your anniversary on Valen-
tine's day,” she said. "It's not just your
day anymore."

Prince William and Kate Middleton
are widely speculated to marry at West-
minster Abbey in central London this
spring or summer — giving other Lon-
don brides panic attacks at the prospect
of transport nightmares, fully booked
hotels and blanket security checks
throughout the sprawling city.

"It would be quite the unfortunate
coincidence if they got married when
all our guests would be traveling in from
the airports and out of central London,”
said 23-year-old Siobhan Gibney, whose
nuptials are planned for August in
Greenwich in suburban London.

"T just want our guests and the flowers
and cake to make it to Greenwich on
time," she added.

Brides with expensive tastes and elite
social connections have futher worries.
Will their orders for hand-engraved invi-
tations from royal stationers Smythson

(AP Photo/Matt Dunham)
ROYAL WEDDING VENUE? People walk
past Westminster Abbey in London, Friday,
Nov. 19, 2010. Westminster Abbey is the
leading contender for the wedding venue of
Prince William and Kate Middleton.

be delayed? Can they still get that 1,950
pound ($3,116)-wedding cake from the
queen's grocery supplier Fortnum &
Mason? Will the guest lists overlap?

One mother of the bride went so far
as to beg William's father Prince Charles
to pick a date that won't clash with her
daughters’ when she bumped into him
during a London appearance.

"My daughter said, please keep June
18 free, no one will come to mine," Nila
Gosrani told the heir to the British
throne as he was touring a museum.
Charles said he would pass the message
along. And it's not just ordinary com-
moners who could be upstaged. No mat-
ter what the date, William and Middle-
ton's wedding is likely to overshadow
the July 2 and 3 nuptials of Prince
Albert II of Monaco and former
Olympic swimmer Charlene Wittstock.

In the online wedding community, a
booming virtual sisterhood where future

Antoine Wallace is a recipient of a
young artist Award and he is currently
employed at the Bahamas Youth, Sports
and Culture."

In addition to those artist, local artist
Patrick Rahming is also set to perform
at the concert. " The Bahamas musi-
cian and Entertainment union has
recognised his contribution to the devel-
opment of the Bahamian music," Ms
Cooper said.

Admission is $25 for adults and $12
for children.

iene: ia (Nts
a NitewOlUl ara
1981 photo of
Britain’s Prince
Gi eValetom (stsiers
em aletee
maesoe eee
on the balcony
of Buckingham
Palace.

brides bond and share

every detail from centerpieces to brides-
maids’ shoes, the question rages: Should
you change your wedding date to avoid
the royals — or, in wedding parlance,
become their "date twin?”

Kim Rix, a London wedding planner,
had this advice: Avoid the day purely for
logistical reasons. But many brides-to-be
said there is little they can do about
clashing. Venues, caterers and photog-
raphers are usually booked months, if
not years, in advance, and couples must
put down hefty deposits on everything,
making it difficult to cancel or change
plans. "I don't think there's anything
you can do about it. It's impossible to
compete with the royal wedding," said
Thea Darricotte, 30. "You just have to
adapt to it.”

Rix said couples who do find them-
selves sharing the prince's big day could
record the royal wedding and play high-
lights for guests who don't want to miss
out on the national celebrations.

That could be fraught with awkward
moments, though, and less confident
brides may not fancy having their dress-
es or nuptials compared to a much more
glamorous, wealthy bride like Middle-
ton. "It really depends on the couple —
if they are royalists, for example — and
whether the bride is the kind of person
to take it personally,” Rix said.

Deborah Joseph, the editor of Brides
magazine, suggested couples marrying
next year take the royal wedding in
stride, incorporating a Union Jack or
royal theme “as a cheeky nod."

Brides-to-be have acquired a reputa-
tion as being unreasonable, intolerable
perfectionists — so-called "Bridezillas"
— partly thanks to such movies as
"Bride Wars," in which two best friends
try to outdo each other with vicious dirty
tricks after both booked the same venue
on the same day. Luckily, no one is like-
ly to be fighting with William and Mid-
dleton if they pick the hallowed venue of
Westminster Abbey, since only the roy-
al family, abbey staff and those given
the "Order of the Bath" — an order of
chivalry — are allowed to marry there.

But what happens if you are stuck?
Well, there could be other perks.

When Queen Elizabeth II and Prince
Philip celebrated their 50th anniversary
in 1997, they invited 50 couples who had
been married on the same day to a spe-
cial tea at Buckingham Palace.

So a royal garden party could await 50
years down the road — providing both
marriages last the distance.



4% The d’Albenas Agency Ltd.

Madeira St., Palmdale
Nassau, BAHAMAS
Tel: 242-671-1441

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



THE TRIBUNE

By JEFFARAH GIBSON
Tribune Features Writer

ASPHER Knowles is fed up! He is tired of hearing voluptuous women say
they have to settle for boring bland clothing. He is tried of seeing the curvy
women do their figures a disservice by wearing unflattering pieces. And he is
tired of the small selection, local clothing stores offer the plus size women. Jas-
pher Knowles is about to make a fashion move similar to the one American plus
size designer Lane Bryant made in the early 1920’s. He is about to revolutionise ©
plus size fashion in the Bahamas with the launch of his chic, but edgy plus size =i,
clothing line “Drapery” at Dent the Runway showcase to be held at the British Colonial Hilton .
this Sunday.
With this new line couture steps from the catwalk to the side walk and women with curves can
be just as fashionable. The fashion showcase will feature a myriad of creation from Knowles which
will include his fashion forward clothing line as well as his denim col-
lection.

Organisers of the show said Dent the Runway will be “a celebrated
fashion debut featuring pieces that exude functionality, sophistica-
tion, and pizzazz. The show will feature four segments- denim, ready to
wear, high fashion.

“T have been involved in the so called skinny world for a very long
time. Then I started working with plus size pageants. After that I
became involved in everything that is centered around plus size
women. I realised that plus size fashion was a good thing. Drapery is
a plus size fashion line for the fashion forward woman. It features
some very nice pieces that are functional as well,” said Mr Knowles.

Inspired by his travels as well as his observation of the fashion
industry locally, Mr Knowles is determined to change the way full fig-
ured women look. So instead of curvy women settling for flats, 4 inch
heels and clothing that screams sex appeal with a voice of confi-
dence is what the designer envisions.

' | “A lot of the stuff that I have seen in pictures is what not to wear.
oe But I wanted to reinvent certain looks and show women that they can
be plus size and still fashionable,” he said.

In the near future the Bahamian designer said that he want to open his very own manu-
facturing company. “I want to give young people the opportunity to work for a fashion
house. I want to also be the major supplier of full figured denim jeans so Bahamian clothing
outlets would be able to get them directly from Bahamian manufacturing company,” he said.

Jasper Knowles has his eyes set on becoming a fashion icon. His Drapery line was recent-
ly featured at Full Figured Fashion Week in New York City in June. Fueled by the desire to
become the world’s largest plus size clothing distributors Knowles has selected a number of
international models along with Bahamian models as well.

Jaspher Knowles has been designing evening gowns since the age of seventeen for
pageant queens locally and internationally. He has worked tirelessly to bring plus fashion as
a staple in the Bahamas. Forming his own fashion company Vintage House which encom-
passes couture Plus Modeling Agency, Ms Plus World Pageant and clothing lines such as
Drapery, Thin Line, and Sheer-fon. Jaspher is committed to creating a platform for the
plus size community in high fashion. His designs have been showcased in publication such
as MANIK Magazine.

Tickets to Dent the Runway can be purchased through www.vintagehousebahamas.com
or purchased at clothing retailer La Chica Caliente located on East Street and Indepen-
dence Drive. Doors open at 7pm but the show begins at 8pm.

TUESDAY, NOVEMBER 23, 2010



LOOKING GOOD:
Drapery full figured
fashion line by
Bahamian designer
Jaspher Knowles,
features pieces that
exudes, functionality,
sophistication, and
pizzazz.

Drapery is a

plus size

fashion line

for the fash-

ion forward
woman. It fea-
tures some very
nice pieces that
are functional as
well.”

Jaspher Knowles,
who is launching the
first Bahamian plus
size fashion line

FASHIONABLE

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) Ne ess see

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PAGE 1

N N A A S S S S A A U U A A N N D D B B A A H H A A M M A A I I S S L L A A N N D D S S L L E E A A D D I I N N G G N N E E W W S S P P A A P P E E R R Tensions remain high in Bain Town C M Y K C M Y K Volume: 107 No.2TUESDAY, NOVEMBER 23, 2010 PRICE 75 (Abaco and Grand Bahama $1.25 WEATHER SUNNY AND BREEZY HIGH 83F LOW 72F F E A T U R E S SEEWOMANSECTION S P O R T S SEESECTION E Patricia Coakley to retire next month B y AVA TURNQUEST Tribune Staff Reporter aturnquest@tribunemedia.net TENSION in the Bain T own community, whose residents lament the fatal shooting of one of their own, remains high following the high profile police walkabouty esterday. Family members of 19year-old Sharmoco Newbold, and residents of Hospital Lane where he was shot were promised by Police Commissioner Ellison Greenslade that an update on the matter would be giv en this evening. Mr Greenslade also con firmed yesterday that the officer firing the fatal shot was a full fledged member of the Royal Bahamas Police Force, refuting claims that he was a reserve. Mr Greenslade said: Given what I personally saw here on Saturday, we know that this is the rightt hing to do. To come back and in a very personal way, connect with the residents of this area, with the view to finding out what the issuesa re that would have led to what we saw as a disturbance on Saturday. Grief turned to fury in Bain Town following thef atal shooting of a 19-yearold youth by an officer on p atrol in the area. In his initial report, Commissioner of Police Ellison Greenslade said officers were on patrol in the area of Hospital Lane and Meadow Street when they saw a young adult male with what "appeared to be a weapon in his possession." It was further reported that when the armed officers approached the young man McCOMBO OF THE DAY N E W The Tribune THEPEOPLESPAPER BIGGESTANDBEST L ATESTNEWSONWWW.TRIBUNE242.COM BAHAMASBIGGEST CARSFORSALE, HELPWANTED ANDREALESTATE I N S I D E Curvy, sexy, fashionable n Police hold walkabout n Family promised update from Commissioner Greenslade SEE page eight By PAUL G TURNQUEST Tribune Staff Reporter pturnquest@tribunemedia.net SEVENTY-TWO employees at Morton Salt constituting about 50 per cent of the companys workers are expected to be laid off in the first week of December as excessive rainfall in Inagua has halted salt production. Speaking with The Trib une f rom the companys head office in Chicago yesterday, Morton Salt Bahamas Limiteds general manager Glen Bannister said they fully expect to rehire those laid off, hope f ully early in the new year, once production levels return to normal. We have had 25 per cent more rain than normal for this time period. We are at the mercy of the weather sow e cant say when we will b e back up to normal oper ation. But we anticipate it would be at least until the beginning of next year before we can say, he said. With a current staff complement of 144 people, Mr Bannister said they expect B y TANEKA THOMPSON Tribune Staff Reporter tthompson@tribunemedia.net A PRIVATE consultan cy firm advised the former administration not to give more concessions to Atlantis during negotiations for its phase three project because the mega-resort was already "sufficiently profitable," for mer Prime Minister Perry Christie told The Tribune yesterday. The Opposition leader said despite this advice, his administration gave Kerzner International concessions worth 20 per cent of its investment. He added that when negotiating the Baha Mar deal during his term in office he sought local and international legal advice to ensure he did not violate the most favoured nation clause in government's Heads of Agreement signed with Kerzner International in 1993 and strengthened in 2003. "We commissioned this company, HVS, to engage in a report to examine the question of concessions, because we were negotiating the third phase of 50% OF MORTON SALT EMPLOYEES SET TO BE LAID OFF SEE page eight FIRM ADVISED PLP GOV T N O T TO GIVE A TL ANTIS MORE C ONCESSIONS SEE page eight By TANEKA THOMPSON Tribune Staff Reporter tthompson@tribunemedia.net THE Bain Town disturbance is a consequence of the Government's failure to put its finger on the pulse of crime and spearhead community outreach projects, claims Opposition leader Perry Christie. The former prime minister sees the incident as a call to action for those in government and law enforcement to infiltrate seething communities and start a dialogue that could prevent future episodes like Saturday's standoff between police and troublemakers. He also faulted the Ingraham administration for its focus on "military" style policing investing financial resources into more equip CHRIS TIE: B AIN T OWN EVENT S A C ONSEQUENCE OF GOVT FAILURE SEE page eight PLP LEADER Perry Christe BAINTOWNWALKABOUT: Officers including Police Commissioner Ellison Greenslade talk to residents in the Bain Town area yesterday. Crime scene tape lies in the foreground. POLICEKILLMANWANTEDFOR QUESTIONINGOVER ATTEMPTEDMURDER SEE P A GEFIVE

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C M Y K C M Y K LOCAL NEWS PAGE 2, TUESDAY, NOVEMBER 23, 2010 THE TRIBUNE TO DISCUSS STORIES ON THIS PAGE LOG ON TO WWW.TRIBUNE242.COM This is one of the most prestigious zones in the whole of Bain Town; this aint the zone where you can come fire a shot. If Hospital Lane was a gangbanging place, people would have said Yeah, that corner around there, they always shooting people up, making problems, instead of coming here and reacting the way they did. The commissioner grow up under me, we see eye-to-eye on many things before he even think to be a commissioner. Same thing with brother Marvin Dames I used to watch him run around here in his little shorts. This just to show you the closeness between people who havent made a connec-t ion with the community for a long time until this come about. See, you dont need to make a connection when this come about you need to make a connection before this come about. So I say they was slow in dealing with the community. You could come deal with the young fellas remember I d ont have a problem with that but you should also check t he elders among you to find out exactly whats taking place. This come about due to the lack of interest in making connections with poor people. See when you poor, we dont want too much to do with you. Get a little closer with your community, check your people, they will tell you the pros and cons. They will tell you what is right and what is wrong. At the end of the day thats just our downfall. I wasnt here Saturday when the shooting occurred, but see, what I cant understand, the police are always harassing these boys. I have come home many a day and they (police there and they go over there and they search them and then they leave because they dont find anything. I dont think its fair the way they treat them. Im not saying theyre angels you know, but I mean treat people like human beings. To see these young boys, they were all in tears. I felt that myself. I have never seen so many young persons mostly the boys were crying. They were really crying. I cant understand why he ran, I dont know, but even if he ran and he was shot, there must have been a way to shoot at a body without killing. There must have been a better way to shoot. I dont think you had to shoot to kill. Im not saying they should not shoot, but there must be a way to shoot to wound rather than shoot to kill. That could have been anybody, and then the people have children over there, in the apartments. Community elders give their views B AINTOWN DISTURBANCE: AFTERMATH BURNINGRAGE: A scene of mayhem in Bain Town. F e l i p M a j o r / T r i b u n e s t a f f PROPHET EZEKIAL JOHNSON 51-year-old resident of Hospital Lane One day after the mayhem sparked by the fatal shooting of 19-year-old Sharmoco Newbold by a police officer in Bain Town, community elders give their perspective. JULIETTEBARNWELL 76-year-old resident of Hospital Lane since 1976 PHOTOS: Tim Clarke/Tribune staff

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B y AVA TURNQUEST Tribune Staff Reporter a turnquest@tribunemedia.net CONFIDENT that police a ction in Bain Town this Saturday was extreme and unnece ssary, family members of 19year-old Bradley Sharmoco N ewbold are demanding a change of approach to current l aw enforcement strategies. In an interview with The Tri bune early yesterday morning, loved ones called for greater respect and empathy towards r esidents of inner-city communities by police. P olice Commissioner Elli son Greenslade promised the f amily members and concerned residents, who are demanding answers for Mr Newbolds fatal shooting, that an update on the matter would be given this evening. Mr Greenslade said: We had a very productive meeting with members of the family a ll still grieving quite a loss for them, and, of course, they had a lot of questions. We promised them in the shortest possible time we will have clear answers to every single quest ion that they posed and that is a commitment. A t Princess Margaret Hospital yesterday to identify MrN ewbolds body, family members said that although they are c ooperating with the police investigation, they remain dissatisfied with police actions and unconvinced of Mr Newbolds culpability. O ne relative said: They took too long to take controlo f the situation, it took them an hour to get there after they a lready gunned him down. It could have been avoided. Their approach needs to be more car ing to these people. Just because its Bain Town that d oesnt mean everyone is illiterate. They need to be com-p assionate. We understand that they need to carry out the law, b ut they have to be profession al with their job. They harass these young people, they make criminals out of these young people. T he sentiments expressed by relatives were echoed by resid ents throughout the Hospital Lane area yesterday, who remain emotionally charged o ver the death of a well-known member of their community. T he young man, who lost both parents before he becamea teenager, was said to be the sole provider for his grandm other and siblings. According to relatives, Mr Newbold was currently enrolled at BTVI and worked as a delivery boy for Butlers Bargain Mart. A fter news of his death by a police officer spread through-o ut the community on Saturday, police reinforcements, m embers of the media and res idents were pelted with stones, a squad car was burnt to a shell, and a ZNS vehicle was severely damaged. A nother relative added: It wasnt a riot basically a fewp eople who got angry about what the police were doing. The p eople from the community they said they were tired of the police coming in and harassing the community, belittling the people. Harassing them just b ecause we are people from Bain Town. The police treat t hem totally different, they would never go to the West and do something like that. The family was not involved in those actions w hen those people did what they did, we didnt have nor emorse because we were hurting for our own loved one. TWO shootings occurred Sunday night, bringing then umber of people killed or injured by knives or guns over the weekend to seven. Just after 9.30, police were called to a shooting on Eneas Street, between Poinciana Avenue and Meadow Street. Witnesses said the victim and another man were standing together when two men in a Nissan Altima pulled up. The passenger pulled out a handgun and fired several shots, hitting the 24-year-old victim in the hand. He was taken to hospital in a private car, was treated and discharged. Police say they are following significant leads in connection with the matter. A few hours later, at 11.30 pm, police were called to thes cene of a shooting in Gam bier Village. Two men were walking near a bar when a person or persons reportedly got out of a black jeep and fired shots at them. One of the men was hit several times. He was taken to hospital in a private car and is listed in serious, but stable condition. These incidents came after a man was injured in a shooting in CarmichaelR oad; a woman was shot and killed during an armed robbery; a man was murdered on his doorstep on Bacardi Road; another man was stabbed to death at Fort Charlotte; and 19-year-old Sharmoco Newbold was shot by police during an incident in Bain Town. C M Y K C M Y K LOCAL NEWS THE TRIBUNE TUESDAY, NOVEMBER 23, 2010, PAGE 3 TO DISCUSS STORIES ON THIS PAGE LOG ON TO WWW.TRIBUNE242.COM Family demands a change to police approach after shooting Two more shootings over weekend POLICE go on their walkabout yesterday following Saturdays angry scenes in Bain Town. POLICEINBAINTOWN

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EDITOR, The Tribune Mr Kerzner is well within his rights to take issue with the level of concessions giv en to the Baha Mar project; especially the real estate com ponent. The general consen sus has always been that Baha Mar was an attempt by the Christie administration to surpass what the Ingraham administration has achieved with Atlantis. Historically, the relationship between the PLP and the Kerzner Group has always been strained since their attempts to enter the local market at an earlier time was not met with a favourable response. There were many in South Africa who took issue with Mr Kerzner, especially the tribal land owners whose territories were negatively impacted by his business ventures Sun City comes to mind. However, the cost of doing business has always been a socio-cultural sticking point that politicians have always used to their advantage, but, this obvious indiscretion that will be placed on the doorstep of the past Christie administration is war ranted. Governments need to be reminded that they are responsible for what they meet in the works if there is a change in administrations and the FNM has to be congratulated on the way they go about doing the business of the country and most of their work has been that of cleaning up, straightening up or regulating. The PLP under its present leadership is able to talk a good game, to the point of presenting new ventures, but they seem to be clueless about the working-out of the details. It is like they tell us where we are going, but need the FNM to get us there. EDWARD HUTCHESON Nassau, November 18, 2010. E DITOR, The Tribune. While I see myself as a relatively intelligent person I admit that I do not know everything. That being said, I feel I am not the only Bahamian missing some pieces of the Baha Mar puzzle. The newspapers we have reported that, $400 million in construction work will go toB ahamian firms. 8000 Chinese will be employed along with about 3000 (maximum 4,500) Bahamians. All this from a $2.6 billion resort development. Yay!! This is great, undoubtedly for the Chinese as well as the Bahamas. I do have someq uestions. The water and sewerage corporation does not have sufficient supply to provide Seabreeze lane with water during peak supply hours between 6am-7am or 9pm-10pm even when both barges are running. How will they maintain the supply for 8,000 more people and a monster construction project at the same time? If they do make sure the development has water what will be the impact on the rest of New Providences water supply? Secondly, There has not been another development rivaling Atlantis for years on t his island and the power supp ly issues raised earlier this y ear still have not been resolved. How will we provide power for another resort development of this size? If w e do provide them with the power, how many Bahamians will go without? Tourism is our economys flotation device and the flow of guest dollars keeps each hotel buoyant. How can we expect our small hotels to remain functioning when the current 65 per cent occupancy is divided further by such a huge hotel? I see no view of the future in this development, no desiret o protect or enhance the Bahamian way of life. I see a front loaded investment destined to fail on the Cable Beach foreshore. I do not see sustainability. We as Bahamians need to stand against this type of development. A NCILLENO DAVIS, M Sc Nassau, November 19, 2010. C M Y K C M Y K EDITORIAL/LETTERS TO THE EDITOR PAGE 4, TUESDAY, NOVEMBER 23, 2010 THE TRIBUNE The Tribune Limited NULLIUS ADDICTUS JURARE IN VERBA MAGISTRI Being Bound to Swear to The Dogmas of No Master L EON E. H. DUPUCH, Publisher/Editor 1903-1914 S IR ETIENNE DUPUCH, Kt., O.B.E., K.M., K.C.S.G., (Hon. P ublisher/Editor 1919-1972 Contributing Editor 1972-1991 EILEEN DUPUCH CARRON, C.M.G., M.S., B.A., LL.B. P ublisher/Editor 1972Published Daily Monday to Saturday S hirley Street, P.O. Box N-3207, Nassau, Bahamas Insurance Management Building., P.O. F-485, Freeport, Grand Bahama T ELEPHONES Switchboard (News, Circulation and Advertising Advertising Manager (242 C irculation Department (242 N assau Fax: (242 Freeport, Grand Bahama: 1-(242 W EBSITE w ww.tribune242.com updated daily at 2pm SOMEONE ASKED if we thought it true the reason Opposition Leader Perry Christie gave as to why he did not sign off on the Baha Mar project before the 2007 election.A t the time two days before the election Mr Christie, in his final hours as prime m inister, was still dealing with the project. Apparently, Mr Christie has said that the e lection was so near that it would not have been fair to have closed the deal at that time remembering, of course, that it was a matter that had engaged his mind and his time for almost all of his five years in office. Obviously, Mr Christie, confident of winning the election, decided it best to leave sleeping dogs lie. After the election he could present the House with a final docum ent, secret agreements and all. There might have been a public outcry, but his election w ould have been secured and he would have been in a position to sit back and tune outthe grumbling. Whether this was the real reason for not signing before the election we do not know. H owever, we do know that he would have scuttled his election if all the Baha Mar spec ial deals were known before voters went to the polls. B ahamians, were already agitated about what the sip-sip was spreading about the secret clauses. And so, in our opinion, Mr Christie, being a true politician, thought it wiser to tip-toe around those clauses until after the election. As a result Prime Minister Ingraham has been left with the unenviable task of unrav elling a rather confused situation. A lthough Prime Minister Ingraham dealt in detail in the House of Assembly with the land involved in the Baha Mar deal, readers are still asking questions. They are particularly concerned about what would happen to the 264.965 acres of Cable Beach land should the project fail. Mr Ingraham was very clear on this point. He told the House on November 18: It is the view of my Government that it is an untenable position to permit any foreign state to own land in the Bahamas. Under the law, any financial institution providing funding for a development in the Bahamas has a number of alternatives to protect their interest should that project fail. One of these protections is foreclosure Should this pro ject not succeed, and I have no reason to believe that it will not, and should I be in the position that I now hold, my Government would not agree to foreclosure on these properties (previously Crown land foreign state or any entity which is owned by a foreign state. And so, should he still be prime minister, a nd should the project fail which he doubted Cable Beach would not beo wned by a foreign state it will remain the property of the Bahamas. M r Ingraham went to great lengths to differentiate between government-owned land, which could be sold, and Crown land, which was not for sale. The Christie administration sold both. Mr Ingraham said that the Opposition had tried to equate the sale of the two gov e rnment-owned hotels during the first FNM administration in the mid-1990s by the Hotel C orporation to the sale of leased Crown land agreed by the Christie administration in 2 005. He pointed out that the hotels sold by the first FNM administration were freehold property not Crown land. They were purchased by the Bahamas government and lat e r sold by the FNM government. However, the land on which the Wyndh am Crystal Palace Hotel and Casino, the Sheraton Cable Beach Hotel and the Nassau B each Hotel sit was Crown land not freehold which, said Mr Ingraham, has from time immemorial been long leased for development, but never sold, to the private sector by each government of the Bahamas whether prior to Independence or after that is not until 2005 when it was sold by the Christie government. The Hobby Hall parcel and the Cable B each Golf Course was private land conveyed to the Government of The Bahamas for the perpetual benefit of the Bahamian people. It's ownership in trust for the Bahamian people has been respected by suc cessive Bahamian governments whether UBP, PLP or FNM up to 2005. How this gift to the Bahamian people could have been part of a deal with Baha Mar is beyond us. We believe this was the parcel of land owned by the Oakes Estate and left in perpetuity for Bahamians. Mr Ingraham said that the 2005 agreement signed between the Christie government and Baha Mar, set terms determining conditions under which the Government must transfer certain parcels in fee simple to Baha Mar. This is the tangled web that Mr Christie left behind and which Mr Ingraham is now trying to untangle. Missing pieces of the Baha Mar puzzle LETTERS letters@tribunemedia.net Land left to Bahamians part of the deal EDITOR, The Tribune. Please allow me to say how proud I am of our Prime Minister, The Right Honourable Hubert Alexander Ingraham and the fine job he is doing in guiding our country through these difficult times. I am especially proud of the way he is going to bat for the Bahamian people as it relates to the Baha Mar project. Every intelligent right thinking Bahamian should be supporting him. He is not only standing up for our rights but also our sovereignty as a people and a nation. Weak brainwashed Bahamians must stop politicking with the opposition and truly see the good in what our Prime Minister is doing for our country before it is too late! They need to read an article that appeared in The Nassau Guardians the national review Monday, October 25, 2010. It is written by Anthony L Hall, International lawyer and political consultant headquartered in Washington, DC. He is a descendent of Turks and Caicos Islands. In part he said, a I quote: This is why Ingrahams challenge to China is so precedent setting. And as the title to this com mentary indicates, China putting the squeeze on the Bahamas it behooves all leaders in our region to support, and be prepared to emulate, the stand hes taking: for together we must stand, divided we fall. I urge regional leaders to publish an open letter of support to show solidarity with Ingra ham when he addresses this labour issue with Chinese officials later this month, (October China no less... Every Bahamian should get a copy of this article and read it in its entirety. They should also view the movie: China Cry a true story of a Chinese woman and how she was treated because she refused to renounce her Christianity. DEREK GRAY Nassau, October, 2010. (This letter was written before Mr Ingrahams trip to China. Ed). Proud of way the PM is batting for Bahamians over Baha Mar Kerzner entitled to take issue with concessions given to Baha Mar project

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By NATARIO McKENZIE Tribune Staff Reporter nmckenzie@tribunemedia.net ATTORNEYS representing a mother and her former boyfriend convicted of manslaughter in the 2007 death of her one-year-old son yesterday appealed to the judge in the case to be lenient in sentencing the pair. Makisha Brown, 25, and Leroy Rolle, 20, were convicted of manslaughter in the death of Levano Brown in mid-September. The child reportedly suffered blunt force trauma to the head and abdomen, lac-e rations to the head and bruises about the body on March 7, 2007. Brown and Rolle were acquitted on a murder charge but were convicted on the alternative charge of intentional manslaughter. Brown and Rolle were back in the Supreme Court yesterday for a sentencing hearing before Senior Justice Anita Allen. Attorney Daron Bain, who represents Brown, told the court that his client had hada troublesome childhood and had found herself in an unfortunate situation. He also noted that Brown had not had a good relationship with her mother, a relationship which he said has since improved. According to Mr Bain, Brown now has a more stable environment and is the mother of a five-month-old girl. He submitted that Brown has already paid, having lost one child, and asked the court to be lenient in sentencing. Attorney Dorsey McPhee, who represents Rolle, asked Senior Justice Allen to take into consideration the fact that his client was 17 years old at the time the offence was committed, and that he has already been incarcerated for almost 29 months. Mr McPhee asked the judge to be as lenient as possible in sentencing his client. Senior Justice Allen deferred sentencing to Thursday morning. C M Y K C M Y K LOCAL NEWS T HE TRIBUNE TUESDAY, NOVEMBER 23, 2010, PAGE 5 TO DISCUSS STORIES ON THIS PAGE LOG ON TO WWW.TRIBUNE242.COM FREE IN SATURDAY'S TRIBUNE BODY & MIND, YOUR VERY OWN MONTHLY 24-PAGE GUIDE TO A HEALTHIER LIFESTYLE. BE SURE YOU GET YOUR COPY. S Y M P T O M SN E V E R T O I G N O R E7T a k e a l l t h e r i g h t s t e p s t o g e t a l e a n e r f i g u r e a n d a h e a l t h i e r b o d yF I R M E R A B S N O S I T U P S R E Q U I R E DP U B L I S H E R N A M E H E R E 2 0 1 0 I s s u e N o 6W A L KY O U R W A Y F I TW A L KY O U R W A Y F I T7S Y M P T O M SN E V E R T O I G N O R EF I R M E R A B S N O S I T U P S R E Q U I R E D R EPORTSreached The Tribune late last night that 38-year-old Walden Mitchell, who was wanted for quest ioning in connection with the attempted murder of a police officer, was shot d ead by police on Robinson Road. M itchell was wanted for questioning after PC 3331 Johnson was reportedly shot i n the face by a fleeing suspect just after 6am on Mond ay. The incident occurred while PC Johnson and other officers were on routine patrol near the corner of P alm Tree Avenue and 3rd S treet in Coconut Grove. They reportedly saw a man w ho was wanted for quest ioning in connection with a firearms comp laint. When the officers approached the suspect, h e reportedly opened fire, hitting PC Johnson in the jaw. The officer was rushed to h ospital in the patrol car and is now listed in stable condition. M itchells last known address was Roland Street in N ew Providence. Police also reported that an armed robbery took place at a round 3am on Monday in the parking lot of Commonw ealth Bank on East Bay Street. A 22-year-old Carmichael Road man was reportedly in the parking lot when he was a pproached by two other m en, one of them armed with a handgun. T hey robbed the victim of h is jewelry and fled the area heading in an u nknown direction. Police are investigating both incidents. P OLICE in Grand B ahama want to question Savanna Sound, Eleuthera native Randy Albert Gibson, alias Randy Rolle, inc onnection with a rape alle gation. Mr Gibson, 50, is described as being of light brown complexion and mus cular build, with dark brown eyes and short hair. He is 5 tall, weighs 1 70-190 lbs, speaks with a s tammer and has only one e ye. His last known address was 143 Market Street, Nassau. P olice say Gibson should be presumed to be armed and extremely dangerous. Anyone with information concerning his whereabouts should call Grand Bahama police on 352-9774/5 or 3503107/8, or 911 immediate-l y. By DENISE MAYCOCK Tribune Freeport Reporter dmaycock@tribunemedia.net FREEPORT Grand Bahama Police are investigating two separate armed robberies. Asst Supt Hector Delva reported that the first occurred around 11.12pm on Sunday in the Lucaya area. A man reported to police that after arriving at his home, he was attacked in his bedroom by someone armed with a knife. He said the culprit, who was accompanied by another person, tied him up and robbed him of a black 19 Flat screen television, a silver satellite receiver, and a gold chain with a cross charm, together valued $1,400, and a wallet containing personal items. ASP Delva said the culprits then left in the mans red Ford Ranger truck licence plate number 6632. Several hours later, police received a report of another armed robbery in the Eight Mile Rock area. The male victim reported that three armed men forced their way into his home sometime around 3am. The culprits robbed him of an undetermined amount of cash and fled the scene on foot. The matters are being investigated by officers from the Cen tral Detective Unit. Police kill man wanted for questioning over attempted murder WALDEN MITCHELL P olice search for one-eyed man in connection with rape allegation Randy Albert Gibson ARMED R OBBERIES INVESTIGATED Attorneys call for lenient sentences for pair convicted of baby manslaughter CONVICTED: Makisha Brown, 25, and Leroy Rolle, 20

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By KATHRYN CAMPBELL MOTORISTS are urged to plan their journeys aheadof time and leave home earl ier with yesterdays closure of Robinson Road to Soldier Road beginning fromt he intersection at Grace Avenue and Old Trail Road. The road is beingc losed to facilitate the installation of a 24-inch pipe. Charlene Collie-Harris, engineer and public relat ions officer for the Ministry of Public Works and Transport, said the roadway w ould be under full road closure as the existing p avement does not allow traffic to flow while the pipe is being installed. The work is taking up much of the roadway now ( from Marathon Road to Grace Avenue) and we have another area on the entire roadway to install this water and sewer pipe. W eve only been able to g rant one lane of traffic in each direction, she said. M s Collie-Harris e xpressed satisfaction with t he 700 ft of pipe that has already been installed since work began between Old Trail and Marathon Road o n November 15. She said contractors are progressing w ell and the work should be completed before the Christmas holidays. I n keeping with contract specifications, work on the N ew Providence Road I mprovement Project is expected to wrap up for the h olidays as of December 15. From the week of December 15 leading up to D ecember 22 the contractor will be making the site safe and ready for traffic. If t here is an area that is open, t hat area will be closed r egardless of the completion of the work. We have a s pecification that we must f ollow. During the Christmas holidays no construction work is allowed to take place. The work will commence as early as January 6, 2011, Ms Collie-Harris said. I n addition to an extremely nice, new road way, Ms Collie-Harris said the public can look forward to new underground infras tructure and a smooth flow o f traffic once the work is c ompleted. Once weve completed t he New Providence Road I nfrastructure programme we should expect to reap the benefits. We acknowledge that there is still much traffic as the amount of vehicles on the road has not changed. H owever, the flow is cons istent as long as you make a steady speed, plan where you want to go and choose your lanes wisely, she said. O n behalf of the Ministry o f Public Works and Trans p ort, she apologised to the public, business owners, res-i dents and motorists for any i nconvenience caused. We are leaning heavily on the police for their assistance with enforcement on the roadways and were asking the public to abide by the rules and pay attention to t he traffic management m easures in place, she added. Robinson Road to Prince Charles is closed to install pipe B y GLADSTONE T HURSTON FOOD processing has taken on added impetust hanks to a new unit estab lished by Bahamas Agricultural and Industrial Corpo r ation (BAIC Headed by senior food processing officer Tonjia Burrows, the unit recentlyc ompleted a series of works hops on how to add value to locally grown produce. We throw away far too m uch food that could be p reserved in various forms and used when needed, said BAIC executive chairman Edison Key. As the old folks use to say: waste not want not. Food processing and preservation will definitely go a long way toward national food security. Toward that end, Mrs Burrows and her team have been on a mission to make Bahamians aware of the importance of food pro cessing. We want to empower Bahamians to be self-sufficient, said Mrs Burrows. For too long we have been depending on others to pro vide for us. As an indepen dent nation we must take care of ourselves. She said workshops in Exuma, Andros, Abaco and Eleuthera were over-sub scribed with participants eager to learn. A lot of fruit and vegetables go to waste because no market is found for them, she said. This is an opportunity for Bahamians to take farm produce that might have otherwise gone to waste and turn them into viable products. As an employee of the Ministry of Agriculture, Mrs Burrows studied under senior food processing offi cer Keith Daley. Shortly after joining BAIC she was asked to take on the challenge. She furthered her studies in food processing at the Ministries of Agriculture in Jamaica and Belize with the assistance of the InterAmerican Institute for Cooperation on Agriculture. There are many aspects of the food processing industry juices, chips, dehydrated fruit and veg etables, pickling, jams, jellies, pepper sauces, spices the list goes on and on. All of them can be produced right here in the Bahamas. When we teach the basic food processing technique we try to get Bahamians to be more creative. And this is an additional way for them to understand the safety mechanisms that go along with preserving food, Mrs Burrows said. With the spotlight on New Providence, next year the focus will be on cheeses, soy milk, herbs and spices. Dehydration is a method of food preservation catching the interest of Bahamians. During tomato season, for example, she said, we throw away a lot of tomatoes that do not meet the grade 1 standard. We can dry tomatoes and turn them into powder which is used for sauces and other preparations. And that is just one of many ways to process tomatoes and have them available all year round. The same can be done for other native fruit and vegetables. We encourage Bahamian farmers to add value to their produce through pro cessing. I am very passionate about this because it is very important that we learn how to take care of ourselves, Mrs Burrows said. C M Y K C M Y K LOCAL NEWS PAGE 6, TUESDAY, NOVEMBER 23, 2010 THE TRIBUNE TO DISCUSS STORIES ON THIS PAGE LOG ON TO WWW.TRIBUNE242.COM -RE 9DFDQF\ $QHVWDEOLVKHG1DVVDXEDVHGFRPSDQ\VHHNV WRWKHSRVLWLRQRI $VVLVWDQW$GPLQLVWUDWRU LQWKH3URFXUHPHQWDQG$VVHW0DQDJHPHQW /RJLVWLFV'HSW $OODSSOLFDQWV0867SRVVHVV WKHIROORZLQJ &ROOHJHGHJUHHLQ%XVLQHVV ,7NQRZOHGJH 7KHDELOLW\WROHDUQTXLFNO\ ([FHOOHQWFRPPXQLFDWLRQDQGWHDPZRUN VNLOOV 2QO\FRPPLWWHGKDUGZRUNLQJDQGVHOI \ J PRWLYDWHGSHUVRQVQHHGDSSO\ S SSO\ 5HVXPHVVKRXOGEHVXEPLWWHGWR MREYDFDQF\EV#KRWPDLOFRP $OOUHVXPHVPXVWEHUHFHLYHGE\ 'HFHPEHU VW New thrust in food processing BAIC SENIOR FOOD PROCESSING OFFICER Tonjia Burrows learning how to make soy milk during a workshop in Belize. BAIC SENIOR FOOD PROCESS ING OFFICER Tonjia Burrows (right shop participants sample banana chips. INSTALLATION OF NEW 24 WATER MAIN PIPE PRINCE CHARLES DRIVE Corridor 13B The intersection of Sayle Avenue and Old Trail Road will be affected as the works progress eastbound along Robinson Road to Prince Charles Drive. P HASE II Motorists travelling in the following directions should divert to the specified routes indicated below or seek an alternate route to their destination. Old Trail Road: Motorists should use Soldier Road as an altern ate route. S ayle Avenue: Motorists should use Marathon Road and Samana Drive as an alternate route. P HASE III The next phase is to commence upon completion of the newly i nstalled 24-inch water main pipe at the intersection of Sayle Avenue and Old Trail Road. M otorists travelling east-bound on Robinson Road towards P rince Charles Drive should divert onto Old Trail Road and Soldier R oad and continue to their destination. While the works are ongoing, access will be granted to residents and local businesses that may be affected during the construction p hases. The public is advised to drive with caution as they approach the work zone, obey the flagmen, observe the signage defining thew ork area and use the alternate routes provided. C HARLENE COLLIE-HARRIS engineer and public relations representative for the New Providence Road Improvement Project, along with Sgt Garland Rolle of the Traffic Division of the Royal Bahamas Police Force a sk motorists to exercise caution while Robinson Road from Grace Avenue to Old Trail Road is closed beginn ing yesterday. Letisha Henderson /BIS

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"shots rang out from both sides and a short while thereafter it was confirmed that a y oung adult male resident in the area was deceased." Police reinforcements, members of the media and residents were pelted with stones, a squad car was burnt t o a shell, and a ZNS vehicle was severely damaged by people protesting the shooti ng on Saturday. S peaking to members of t he press yesterday, Mr G reenslade said: Generalis ations are a little dangerous, in respect to police officers being corrupt, we have our fair share of problems. Where we have reports that have been made, properly investigated, we have taken swift and decisive actions against our very own. In this incident it will be no different. H owever, some residents r emain unconvinced. For some in the community, part icularly the close friends and neighbours of Mr Newbold and his family, the circums tances of his death were u nforgivable and symptom atic of a severely deteriorated relationship between police and the community. During the police walkab out of the area, one resident s aid: Something like this, this could be over in a minute y ou know. It could just settle down and die, as long as the truth be told. See this get s omething, the repercussion o f this is the truth not being t old. The box would be put in t he grave with lies on him, w hosoever doing it, or w hosoever think they could get away with it. In Hospital Lane yester day, young men told of a life where they are constantly harassed and verbally mis treated by police, and that the constant degradation of their character is a major deterrent to any attempt to b etter themselves. O ne resident said: They think just because this is the g hetto we dont have no knowledge. We smart just like anyone of them. Aint n o one dumb we been to s chool too. Everyone around h ere can read and write no o ne is dumb and stupid. We k now right from wrong. We g ot family and feelings too. Just because we live in the ghetto doesnt mean we are of the ghetto. In response to questions placed by The Tribune towards whether or not the police force was considering a change in approach following the concerns levied by residents, Mr Greensladen oted that while it was a challenging situation, he felt the disenfranchisement experienced was not specific to the p olice. Mr Greenslade said: I dont want to paint a picture t hat is skewered. We had a bad situation here on Saturd ay. You will always have a minority of people who will let you down, in your organi sation and within the wider community. Im saying that where those things are reported to us, we do what we can to resolve. We did come to office with thism antra of care, respect and trust. Treating people properly in the organisation and treati ng people properly outside of the organisation. He added: There is a lot o f work to be done, Im not sidestepping you, theres a lot o f work to be done, but finger-pointing isnt going to solve the problem. This is not a police issue, this is a Bahamian issue. C M Y K C M Y K LOCAL NEWS PAGE 8, TUESDAY, NOVEMBER 23, 2010 THE TRIBUNE TO DISCUSS STORIES ON THIS PAGE LOG ON TO WWW.TRIBUNE242.COM ment while removing officers from Urban Renewal community outreachc entres. "It is a major warning, a call to action, a summons for us to do something more a nd better than we are doing now, said the PLP leader. It is not enough to say I am going to f ix the judiciary and justice system. There m ust be a major social thrust that will get people to understand that they must help themselves and their community. I am very disappointed in the FNM's lack of real effort to put their finger on the causes of crime, the pulse, that could keep them abreast to the anger that is int hese communities." Mr Christie touted Urban Renewal as b eing instrumental in fostering a closer r elationship between police and residents o f inner city communities something h e thinks is lacking today. "Urban Renewal as we implemented it t hrough community policing would have enabled, as it did in our time, the Government to have a finger on the pulse oft he community to ensure that it unders tands what was taking place and have a way of preventing what was taking place. "Now they are just doing strict polici ng, providing the resources to the police and I think more is necessary. There is an increased need for the country to havep rogrammes that will enable us to know that we have identified the problem and that we are trying to fix them I don't s ee evidence of this." Anger in Bain Town led to chaos after a reserve police officer shot and killed a 19-year-old youth. Some people in the a rea then turned on police reinforce m ents, the media and residents pelting t hem with stones, setting a squad car on f ire, and damaging a ZNS vehicle. The Farm Road MP said the violence i s reminiscent of similar altercations that took place in the Kemp Road and Nassau Village communities and underscorest he reality that many in our society lack c onflict resolution skills. "When this kind of explosion takes place, it is evidence of what happened i n Kemp Road in Nassau Village, it is going out of control. Ordinarily we try to be very resolute t o our approach to crime and the fear of crime by trying to depoliticise it. But as opposition we have to put pressure on g overnment to broaden its approach and not rely simply on military policing programmes. There must be companion pro g rammes which will (augment to send home half. However, he stressed no one at the company was being made redundant. We realise this is a very sensitive period with the holidays, so we are working with the unions to try to minimise the impact of the employees being affected. They will be going on lay off but will retain all of their benefits such as insurance and the like, and as soon as we are able to return to normal operations everyone will be brought back to work. In a company statement, Morton Salt said it will retain its remaining staff complement to maintain and ship its inventory of previouslyharvested salt and to conduct other necessary activities, and will recall the laid-off employees when production is able to resume. Officials began to notify employees and their union representatives yesterday of the impending terminations. Mr Bannister said: This is a difficult situa tion for all of us the company and our employees especially around the holidays. The company is limited in what we can do to lessen the impact, but we will try to do what we can. What is most important is to get through this in the short-term so we can ensure the facility is viable for the long-term. To a great extent, we rely on the sun to provide us with salt to produce and sell. Unfor tunately the rains have taken away both the salt and the work. I look forward to better weather and getting people back to work. Morton Salt relies on the arid weather conditions of Inagua to produce salt by allowing saltwater in ponds to evaporate, which in turn stimulates the formation of salt crystals at the bottom of the pond. Excessive rain reverses this process, the company said, and dissolves the salt crystals in the ponds, leaving the facility without a product to harvest. As such, the company said they will continue their attempts to mitigate the weatherrelated impact, but future weather conditions will determine how quickly the salt ponds can be restored and brought back into produc tion. Once the weather pattern returns to normal, it will still take time for the evaporation process to catch up and begin to produce salt. We will constantly monitor the situation, but I believe it wont be until after the new year that we will know enough to begin to estimate when we can resume operations and bring people back. We will keep our employees and others concerned about this informed as events war rant, Mr Bannister said. Morton Bahamas Limited is a wholly-owned subsidiary of Morton Salt, Inc, based in Chicago, Illinois. Morton Salt, Inc, is owned by K+S AG, the worlds leading producer of salt prod ucts. Atlantis," said Mr Christie. H e explained that for the phase one of Atlantis, the developers were given con c essions worth 45 per cent of their investment and 38 per cent for the second phase. "The company determined t hat Atlantis was sufficiently profitable so as not to have to depend on the concessionr equest but when my government reviewed it we agreed to give concessions. What in fact we did, we tail ored the concessions to be significantly lower than the concessions given by the Ingraham government for phase one and two". When it came time for ear ly Baha Mar negotiations, Mr Christie said: "All along we were keeping it under 20 per cent for Baha Mar (concessions) adding that his administration is "blameless" for the new Baha Mar deal that has aroused the ire of company CEO Sir Sol K erzner. H e said he is "disappoint ed" that Sir Sol singled the Progressive Liberal Party administration out last week for its support of the $2 billion project, the CEO contends violates the MFN c lause. "I am disappointed that he would have arrived at that level of disappointment with out discussing it with me first. I would have been in a position to explain to him that at all material times I took pains to ensure that we were not in breach (of the Most Favoured Nation clause with Atlantis) and I took legal advice to ensure that we were not in breach." Last week in a rare public statement, Sir Sol told the media that 8,000 jobs at Atlantis could be put at risk if Baha Mar is approved in i ts current state. A senior K erzner official added that Atlantis' Phase IV will likely "not be seen within our life time" due to the Cable Beach redevelopment. Mr Christie yesterday expressed disappointment t hat these concerns played out in the media and said government should have put Sir Sol's concerns to rest ahead of the Parliamentary debate and passing of the Baha Mar labour resolution. "I'm disappointed that the government had allowed this problem to play out in pub lic. I would have thought these matters ought to have been settled prior to the debate (However disappointment has to be based on what happened after 2007" when the Free National Movement assumed office. FROM page one 50% of Morton Salt staf f set to be laid off FROM page one FIRM AD VISED PLP GOVT NOT TO GIVE A TLANTIS MORE CONCESSIONS FROM page one CHRIS TIE:BAIN TOWN EVENTS A CONSEQUENCE OF GOVT FAILURE Tensions remain high in Bain Town WALKABOUT: Police officers including Commissioner Ellison G reenslade (above FROM page one

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By NEIL HARTNELL Tribune Business Editor R EAL ESTATEcould e ventually account for up to 30-50 per cent of Bench mark (Bahamas Tribune Business was told yesterday, the BISX-listed company being prepared toi nvest a further $2-$3 mil l ion in this area if the right s hort-term opportunities present themselves after turning a small third quarter profit. Julian Brown, Benchmark (Bahamas chief executive, said that while the companys finan cial performance had taken a hammering in previous quarters, largely due to the slippage in values of both Bahamian and internation ally-listed equities, the com pany had managed to generate a small $105,000 $0.02 per share profit for the three months to September 30, 2010. While this was largely masked by the 2010 first half performance, which resulted in a collective $1.589 million net loss for the first nine months of the year, Mr Brown said the third quarter performance indicated C M Y K C M Y K SECTIONB business@tribunemedia.net TUESDAY, NOVEMBER 23, 2010 THETRIBUNE $4. 68 $4. 51 $4. 69T he information contained is from a third p arty and The Tribune can not be held responsible for errors and/or omission from the daily report.$ $4.36 $4.35 $4.34 By NEIL HARTNELL Tribune Business Editor CLICO (Bahamas uidator has uncovered more unorthodox practices that were engaged in by the insolvent life and health insurer, includingt he use of funds payable to p olicyholders to meet reins urance premiums, and failing to obtain Investment Board approvals as a fore ign-owned company to p urchase Bahamian real e state. Craig A. Tony Gomez, t he Baker Tilly Gomez accountant and partner, in h is fourth report to the S upreme Court on the i nsurers liquidation, disc losed that while CLICO Bahamas and its whollyowned subsidiary, CLICO Enterprises, sought Bahamas Investment A uthority approval to acquire real estate in the f ashionable Westridge area, the matter was never concluded. Mr Gomez is now attempting to sell the1 2.472 acres of land, divided into 12 lots, at Lake Point, and the liquidatora dded: My review of the communication in connec tion with the acquisition of t he Westridge Estates property in and/or during 2006 revealed that the nec essary approvals from the B ahamas Investment Authority for a foreign person to acquire land in the B ahamas had not been concluded. I am currently reviewing the matter witht he Bahamas Investment A uthority Board. And Mr Gomez also dis covered that CLICO ( Bahamas) had adopted an undocumented prac tice with respect to pay m ent of its reinsurance prem iums to global giant Swiss Re. CLICO would allow t he reinsurer to use funds payable to CLICOs ben B y NEIL HARTNELL Tribune Business Editor NEW PROVIDENCE DEVELOPMENT COMPA-N Yis close to solving a longs tanding problem in the western part of the island with the pipeline to its wastewater treatment plant a total $7 million infrastructure invest-m ent now 80 per cent complete, and able to support growth in the area. T Rhys Duggan, the firms c hief executive, in an exclus ive interview with Tribune Business, said that while New P rovidence Development Company had a full plate with ground broken on its $25 million Old Fort Bay Town Centre and construction of its n ew head office nearing comp letion, the current wastewater situation in the western part of the island was not s ustainable given the areas planned growth. Its actually in the g round, Mr Duggan said of t he companys wastewater pipeline. The lines about 80 per cent complete, and runs f rom my office in Mount Pleasant to the Airport Industrial Park. Were very exciteda bout that, because it solves a l ong-standing problem. The pipeline takes wastewater to a six-acre treatment plant based in the Airport Industrial Park, and the total build-out required New Providence Development Compa-n y to make a $7 million i nvestment to enhance the areas utilities and infrastructure. By NEIL HARTNELL T ribune Business Editor CLICO (Bahamas faces a $14.202 million deficit, and saw a further 3,000 policies lapse or surrender during the five m onths to June 30, 2010, the i nsolvent insurers liquidat or warning that policyholdB y ALISON LOWE Business Reporter alowe@tribunemedia.net TAKINGon more than 30 employees, and with plans to e xpand in coming months, a new Gladstone Road building and home supply store yesterday said it expects to benefit from what its owners and others forecast to be a boom in retail demand in western New Providence. Wongs Home Centre, which includes a 10,000 square f oot retail space, is a one-stop shop for those seeking lumber, paint, other building supplies, home, pet and garden accessories, tools, lighting, plumbing, electrical and autoBy ALISON LOWE B usiness Reporter alowe@tribunemedia.net S TRESSINGthat Bahamas Telecommunic ations Company (BTC employees really dont want to work with Cable & Wireless no matter what, the president of the union representing the companys line staffy esterday said he was disappointed with the alleged lack of information from the Govern m ent regarding the details of the pending sale. Telecoms industry s ources have indicated that a signing of the Memorandum of Under standing (MoU t he Government and Cable & Wireless (LIMEa 51 per cent majority stake in BTC, could take place as early as today, this newspaper reporting l ast week that the agree m ent could be signed in a matter of a week or Real estate may become 30-50% of Benchmark assets BISX-listed firm prepared to invest $2-$3m more in real estate opportunities in short-term, after reversing hea vy losses with $105k Q3 profit Chief e xecutive says performance shows company headed in right direction, and eyeing improved r esults and profit margins in coming quarters with 2011 e xpected to be better year Leases out for further 25% of retail space at Car mic hael Road property, which will generate $350k per year fully leased Loss f or first nine months at $1.589m or $0.32 per shar e, due to $1.342m investment portfolio losses JULIAN B ROWN SEE page 4B 3,000 POLICIES GIVEN UP B Y CLIC O POLICYHOLDERS Insolvent insurers Bahamian creditors and policyholders still facing $14.2m loss, with latter losing confidence due to protracted time taken to tr ansf er policies Liquidator moving to g et regulatory and Court approval for policy portf olio tr ansfer to Colina SEE page 4B SEE page 3B BUILDING STORE CREATES 30 JOBS P hoto by Tim Clarke Eyes potential expansion from 10,000 to 17,000 sq ft of retail selling space, and taking on possibly another 10 employees MORE UNORTHODO CLICO PRACTICES SEE page 5B STAFF WONT WORK WITH LIME ON BTC O MATTER WHAT SEE page 3B $7m pipeline 80% complete Company moves to solve long-standing problem in w estern New Providence with wastewater treatment system investment Hoping for positive announcement in 30-45 days on potable water supplies following talks with Water & Sewerage New Providence Development Company has plate full right now, although light industrial park on hold Just nine lots left for sale in Old Fort Bay, with positive Baha Mar impact expected SEE page 2B

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C M Y K C M Y K BUSINESS PAGE 2B, TUESDAY, NOVEMBER 23, 2010 THE TRIBUNE NASSAU INSURANCE BROKERS AND AGENTS LIMITED Atlantic House,2nd Terrace & Collins Avenue P.O.Box N-7764 Nassau Tel.677-6422 www.nibaquote.comThe best value home insurance has a surprisingly calming effect!Do not underestimate the cost of storm damage and make sure your insurance cover will meet the bills.NIBA can help assess your insurance needs so that you are adequately protected.And the calming effect? That comes when you see the price.Home insurance costs less with NIBA.Its time to pay less for insuring your home! Tel.677-6422 or visit www.nibaquote.com Open Saturdays10.00am2.00pm There isnt one in the west, Mr Duggan said of the need for such infrastructure. Everything just goes down into deep wells. Clearly, that is not a sustainable situation as the growth of the west continues. Its just part and parcel of the level of infrastructure needed to support the growth of the west a new retail centre, improved potable water supply, wastewater treatment. Potable water supply in western New Providence was another issue requiring resolution, and Mr Duggan told Tribune Business: Were having very positive discussions with the Water & Sewerage Corporation on potable water, and we hope to have a posi tive announcement on that in the next 30-45 days. N ew Providence Development Company, which is o wned by Lyford Cay-based billionaire and his busin ess partner, Terry White, thus making it an affilia te of the $1.4 billion Albany project, has long been s eeking a water and wastewater franchise for the western part of the island. Mr Duggan added: Were just finishing off our head office development. Thats in Mount Pleasant, where our old office was. With our Town Centre, nine lots left to sell in Old Fort Bay, weve got our plate full right now. Focus With the focus on the Old Fort Bay Town Centres $18 million first phase construction, and comp letion of the wastewater treatment plant, Mr Duggan said these initiatives would take priority before N ew Providence Development Company then figures out what the next big steps are for us. The company, though, has kept plans for a 75-acre light industrial park just south of the Lynden Pindling International Airport (LPIAu ntil economic and market conditions improve. Its still on hold until we start to see the market coming b ack, Mr Duggan confirmed. Apart from the ongoing real estate developments at Lyford Hills, Serenity, Charlotteville and Albany, h e added that the likely imminent start of Baha Mars $2.6 billion Cable Beach redevelopment would also help the light industrial park get off the ground. The Baha Mar project is very positive for the t ype of users that locate in industrial parks, so were going to monitor the market, and bring it outt o market when theres demand, Mr Duggan told T ribune Business. Asked about Baha Mars likely impact and spinoff effects on western New Providences development, Mr Duggan said: I cant quantify what thei mpact will be, except to say we expect it to be very positive. When Baha Mar got shelved the first time, we d efinitely saw an impact on the western end of the island. We saw a lot of vacancies in rental proper ties, and a corresponding decline in rental values. When youre in our business, general retail develop-m ent, more people means more business as well as more disposable income. $7m pipeline 80% complete F ROM page one

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By ALISON LOWE Business Reporter alowe@tribunemedia.net WITHcrime completely out of control, president of the Bahamas Chamber of Commerce, Khaalis Rolle, yesterday expressed regret about the absence of a clear enough strategy to a ddress every aspect of the problem. Its extremely out of control. The last time I m ade a comment on it, I said we were nearing the Wild, Wild West and I was c alled an alarmist, but at what point do you raise the d amn alarm? said Mr Rolle. Asked to comment in the wake of the outbreak of violence in Bain Town over the weekend, which saw a police car set alight and a riot squad sent in to the community after a policei nvolved shooting, Mr Rolle said it would appear crime is getting progressively w orse. Time and space are irrelevant now. I hate to h arp on about it so much, b ut we have a clear and s erious problem. There has t o be a plan to address e very aspect of it; there has to be a mapping that takes y ou from where we are to the desired outcome, and the social and economic infrastucture and educational infraustructure is all part of that process, said Mr Rolle. In addition to what has been described as a riot in B ain Town, last weekend saw three homicides including the shooting d eath of a Chinese woman w ho was robbed of her car outside the Montagu Beach I nn at around 7am on Sund ay and at least four other r eported shootings, as well a s numerous armed robb eries and stabbings in New Providence alone. A s far as businesses are concerned, Mr Rolle said that added surveillance equipment and security guards can in some cases act as a deterrent to crimes targeting commercial establishments, but with the firepower held by increasingly b razen criminals, the Chamber president said the question now is: What level of p rotection do you provide t hese security guards with? If they are armed and t hey know you are u narmed, you are an easy t arget, he added. M r Rolle said the B ahamas must have an honest dialogue about t he crime problem and come up with concrete interim and long-term strategies to begin addressing the multi-faceted prob-l em. C M Y K C M Y K BUSINESS T HE TRIBUNE TUESDAY, NOVEMBER 23, 2010, PAGE 3B TO DISCUSS STORIES ON THIS PAGE LOG ON TO WWW.TRIBUNE242.COM Crime totally out of control P RESIDENT o f the Bahamas C hamber of Commerce, K haalis Rolle motive products, according t o manager Milly Wong. It opened on November 17. My husband always liked t o fix and build stuff, so this k ind of grew from that. We a lways had the property and didnt do anything with it,a part from using it as a w arehouse, said Mrs Wong, who operates the store with her husband, son of theo wner, Brian Wong. Mr Wong Snr also owns Bookworld and Stationers on Mackey Street and MeatM ax and Grocery on C armichael Road. T he building had once b een a milk factory, and for a brief period was operated as a plastic bag factory by the family. Over an 18 month period longer than wed anticipated, according to Mrs Wong, refurbishment of the f acility took place, turning it into a 10,000 foot retail area and incorporating a 7 ,000 square foot storage a rea in the rear. Two addit ional warehouses were also constructed alongside the original building. M rs Wong declined to p rovide figures to Tribune B usiness on the investment m ade by the family in sett ing up the store. However, asked what differentiates the store from its competitors, Mrs Wong said customers can expect to find very competitive prices inside, along with a diverse r ange of products in one place. She added that depending o n how business goes over t he next several months, the f amily is looking at the pos sibility of expanding the cur rent retail space to include t he additional 7,000 square f eet at the back of the buildi ng, which is being used as a w arehouse for now. A nd if all goes well, an extra 10 staff are expected to be hired. We foresee that people are going to want to shop more in the western part of the island, rather than going i nto town, said Mrs Wong. This echoes sentiments expressed by New Provid ence Development Comp any chief executive, T. R hys Duggan, this week as he broke ground on the site of the companys $18 mil-l ion first phase construction of its Old Fort Bay Town Centre, located on Windsor Field Road, just opposite theC harlotteville subdivision. Building store creates 30 jobs FROM page one so. But Bahamas Communications and Public Officers Union (BCPOU Bernard Evans, said he had expected to hear more from the Government by now. We are hearing [that a signing may take place today], but we are still disappointed at this stage of the game that we seem to just be holding on, waiting for information to come from the Office of the Prime Minister, said Mr Evans. I reached him on the phone [yesterday morning, and he] said something along the lines of that when he gets to the point where he has something to talk about, he would let us know. I guess he has not reached that stage yet. Mr Evans said the unions last formal meeting with Prime Minister Hubert Ingra ham was prior to his October trip to China. The union is particularly concerned about the 30 per cent reduction in BTC staff that has been proposed by Cable & Wireless if it acquires the 51 per cent stake in the telecommunications company. Mr Evans said the union is against such a move, particularly if it does not come with separation packages that are as generous as those that were offered to staff during lay-offs in the late 1990s. Speaking to the media after he returned from China, Mr Ingraham described Cable & Wireless desire to fire 30 per cent of the estimated 1,150 BTC staff if it took over the company as a substantial road block in negotiations with the company. However, Tribune Business sources later suggested that while the Government is undoubtedly sensitive to the social, economic and political implications of any move to downsize BTC's workforce by some 300-400 personnel, its main concern is understood to be that the process is handled correctly. Rather than engage in forced redun dancies and lay-offs, it is looking for Cable & Wireless to reduce headcount through natural attrition early retirements for elderly workers, plus voluntary disengagement packages. Mr Evans said: We have heard nothing on how it would be done no informa tion on what they are discussing. We do know [Mr Ingraham] said he would not support the one-third reduction in staff, but he didnt say if it would be a lesser amount. He did say at one point that thered be no downsizing upon the sale of BTC, so the deal may be no reduction in staff during the exclusivity period, or only v oluntary separations. Before anything is signed we definitely w ant to be consulted. The Government is the Government but we are stakeholders, the employees, and we have something to offer as well, he said, adding when asked that the union will do what its got to do if this does not happen. Mr Evans noted that the BCPOU has misgivings about the Governments intention to sell BTC to Cable & Wireless at all. To put it in perspective, we dont support this deal no matter what. We dont mind privatisation but the unions position given Cable & Wireless track record is that its just not a good fit for the Bahamian people and not for us. So the number one issue is that we really dont want to work for them. We honestly believe the corporation has been so successful being run by Bahamians and its government-appointed Board of Directors deciding what it can and cant do. Its been very profitable and is still trying to keep us on the cutting edge, so we believe they should divest to Bahamians. A message sent to Minister of State for Finance Zhivargo Laing seeking comment yesterday was not returned up to press time. Staff wont work with LIME on BTC no matter what FROM page one Shar e your news The T ribune wants to hear fr om people who are making news in their neighbourhoods. Perhaps you ar e raising funds for a good cause, campaigning for impr ovements in the area or have won an award. If so, call us on 322-1986 and share your stor y

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C M Y K C M Y K BUSINESS PAGE 4B, TUESDAY, NOVEMBER 23, 2010 THE TRIBUNE TO DISCUSS STORIES ON THIS PAGE LOG ON TO WWW.TRIBUNE242.COM Benchmark (Bahamas headed in the right direc-t ion, aided by the construction completion of its investment property at the Carmichael Road/Fire Trail Road junction. S ome 50 per cent of space a t the development, which is owned by the BISX-listed companys Benchmark Properties subsidiary, has already been leased to a Bank of the Bahamas International branch and Nassau U nderwriters Agency ( NUA), generating $28,460 i n rental income during the 2 010 third quarter. L eases covering a further 2 5 per cent of available rental space were already in the hands of potential tenants, and Mr Brown said he anticipated several of t hese would be signed during the 2010 fourth quarter. Our inquiries are very high, he told Tribune Business of the companys first r eal estate investment. We have a number of potential l eases out in the marketplace that were talking to, various potential tenants, a nd anticipate signing at least one or two of them in t he third quarter. I have no doubt that place is going to produce significant profits for us in the future, and represents one of our most successfulv entures to date, notwith standing that its in a weak economy. Were beginning to realise revenue streamsf rom the Carmichael Road property. M r Brown said the C armichael Road property features some 15,000 square feet, and will have nine ten ants including Bank of the Bahamas International and NUA when fully leased. The bank, he added, was l ooking to put in a 3,000 s quare foot mezzanine level in addition to the 5,000 s quare feet already leased t o it. The remaining tenants a re all looking at areas around 1,000 square feet. Asked how important r eal estate would be to Benchmark (Bahamas strategy going forward, and how much of its business it would account for, Mr Brown replied: Thats an interesting question. At the moment, our net i nvestment in Carmichael Road is about $3 million, so I think that if were ablet o put in another $2-$3 mil lion in the short-term, that will probably be the cap at t he moment until we grow t he asset base of the company further. Property investments could account for anywhere between 30-50 per cent of the assets of the company, with the investment portf olio accounting for the r est. Asked whether the B ISX-listed company, t hrough Benchmark Prope rties, was looking at other potential real estate properties, Mr Brown told Tri b une Business: Were definitely looking at the moment. Now weve done with Carmichael Road, and are well on our way to getting that fully leased, we are looking at ways to expandt hat particular companys p ortfolio. We are definitely analysing the market to seew hat is out there. If there is something out there that is good, and of interest, we will certainly see what we can do. Mr Brown told Tribune Business that, fully leased, the Carmichael Road property would generate some $350,000 in rental revenues per annum, cash flow that Benchmark (Bahamas c ould look to leverage and raise extra capital against. Now, with the cash flow c oming in when Carmichael R oad is fully leased, we will be able to leverage more of t he assets. We will have the a bility to raise additional c apital through leverage, M r Brown told Tribune B usiness. While Benchmark ( Bahamas) net loss for the nine months to September 30, 2010, stood at $0.32 per share, compared to $0.19 per share for the same period in 2009, as net realised and unrealised losses on its i nvestment portfolios hit $1.342 million, Mr Brown said the third quarter results p rovided some good news t hat were beginning to see a t least not any further falloff in the investment portfolio. D escribing this as stabilisation, he added: Whereas we were being hammered in previous quarters, this did not recur, and this is the first quarter in about four where weve seen positive results [$195,949 in net realised/unrealised gains] in the investment portfolio. While the domestic and international portfolios of i ts Benchmark and Alliance Investment Management subsidiaries, respectively, h ad born the brunt of the c ompanys losses, Mr Brown said: All in all, its a g ood report if you look at t he third quarter. The hist ory is what it is. You have to look and s ee if were making the right decisions for the way f orward, and the third quarter results indicate we are headed in the right direction and making the right decision. If things improve as we anticipate they will, we should see better results i n the coming quarters. We actually turned a profit this quarter when we m ade a loss in the 2009 c omparative quarter last y ear. All in all, in everything continues in the fourth quarter, as it did int he third quarter, we should see improvements in our profit margin and investment portfolio. Having made adjustments to its domestic and international investment portfolios earlier this year, Mr Brown said these were now set to follow the markets in anticipation of a better economic year in 2011. Weve stuck it out since 2 008, he told Tribune Business. We need some economi c thrust coming through d omestically and internationally. I dont anticipate a nything massive, but do a nticipate seeing a better l evel of economic activity t han we saw in 2010. B enchmark (Bahamas would not be undertaking a ny more capital raising efforts, Mr Brown added, its net assets and book value at September 30, 2010, standing at $1.553 million and $0.31 per share, com pared to a negative netw orth some 12 months before. For the first nine months o f 2010, Benchmark saw its i nvestment portfolio suffer a net $165,375 depreciation. For that period, Alliance Investment Managements aw a $1.279 million loss, Benchmark Advisors a $5,733 loss and Benchmark Properties a $34,141 loss. ers are becoming uncomfortable with the companys condition and losing confidence due to the time taken to sell their policies to another carrier. Craig A. Tony Gomez, in his fourth r eport to the Supreme Court on CLICO (Bahamas the insolvent insurers assets, worth some $45.885 million, were dwarfed by its $60.086 million in liabilities, leaving Bahamian policyholders and creditors looking at sharing in an estimated $14.201 million in losses as at June 30, 2010. That position could easily change, though, especially if Mr Gomez is able to transfer the insurers existing policy portfolio to another Bahamas-based life and health insurer, or sell the companys main asset the Wellington Preserve real estate project in south Florida to a buyer at an above-market price. While Prime Minister Hubert Ingraham pledged earlier this month that CLICO (Bahamas by the Government if their policies were not transferred by December, Tribune Busi ness understands that Mr Gomez is still working on such an arrangement, with Colina Insurance Company still the favourite carrier to acquire the portfolio. As a June 30, 2010, Mr Gomezs report showed CLICO (Bahamas 16,954 policies in force and in good standing covering life and health insurance, annuities and pensions with a collective $1.693 billion sum assured. The total surrender value of these policies was said to be $24.181 million. Yet Mr Gomez also noted that some 2,740 policies, including 1,183 medical and 1,488 life insurance policies, were allowed to lapse by disenchanted policyholders between February 1, 2010, and June 30, 2010. This means they did not make the due premium pay ments. And a further 265 policies, including some 222 life insurance policies and 40 individ ual pensions, were surrendered during the same period, making it 3,005 CLICO (Bahamas or surrendered during those five months. And Mr Gomez warned: Policyholders are becoming uncomfortable with the cur rent state of the company, despite being told that the life, health and pension policies are being transferred to a new insurer, and that the sale process could be concluded by October 2010. This lack of confidence is a result of the perceived delay since the date of the liqui dation. However, I am assiduously pursuing completing the transfer of the policies to a new insurer. That insurer, Tribune Business under s tands, is still Colina Insurance Company, a nd the portfolio transfer issue is now before t he Insurance Commission of the Bahamas, awaiting its approval. Once that happens, the transfer then just has to be ratified by the Supreme Court and Judge Claire Hepburn. I am at present aggressively working with the proposed buyer of the life, health and pension policies to bring closure to the process in the quickest possible time, Mr Gomez said, adding that he was reviewing several CLICO (Bahamas reduced paid-up pensions, extended term life and reduced paid-up life to ensure that these, purchased with prescribed conditions, were in compliance with the policy contract. Once the final transfer agreement between himself and Colina is concluded, Mr Gomez said that upon receiving infor mation from the insurer on the necessary risk reserves, he would seek to conclude an amended agreement with the Government over its initial $30 million guarantee. This would ultimately have to be approved by Parliament. Elsewhere, Mr Gomez is still understood to be in negotiations with potential buyers of some CLICO (Bahamas the Bahamas, namely six properties located on Sears Hill and the Centreville Medical Centre. Talks are also being held with a potential buyer for property in the Golden Gates/Carmichael Road area. The liquidator has also been served with a $363,215 proof of claim by FirstCaribbean International Bank (Bahamas outstanding loans due to it from the insurer. Mr Gomez has placed this claim in the creditors queue. And CLICO Guyana and CLICO Suri name are both appealing Mr Gomezs rejection of their respective $34 million and $18.7 million claims against CLICO (Bahamas in the Bahamian courts. The liquidator rejected their claims because valid insurance policies were nev er issued against these payments, adding that the purported premiums were remitted to CLICO (Bahamas Ocean Bank in Miami and First Citizens Bank in Trinidad. Mr Gomez is also talking to SG Hambros Bank & Trust (Bahamas Bank of the Bahamas to identify the Registrar and Transfer agent for CLICO (Bahamas ernment Registered Bonds, part of a total $4.544 million portfolio. Real estate may become 30-50% of Benchmark assets F ROM page one 3,000 policies given up by CLICO policyholders FROM page one O O u u r r i i n n q q u u i i r r i i e e s s a a r r e e v v e e r r y y h h i i g g h h . W W e e h h a a v v e e a a n n u u m m b b e e r r o o f f p p o o t t e e n n t t i i a a l l l l e e a a s s e e s s o o u u t t i i n n t t h h e e m m a a r r k k e e t t p p l l a a c c e e t t h h a a t t w w e e r r e e t t a a l l k k i i n n g g t t o o , v v a a r r i i o o u u s s p p o o t t e e n n t t i i a a l l t t e e n n a a n n t t s s , a a n n d d a a n n t t i i c c i i p p a a t t e e s s i i g g n n i i n n g g a a t t l l e e a a s s t t o o n n e e o o r r t t w w o o o o f f t t h h e e m m i i n n t t h h e e t t h h i i r r d d q q u u a a r r t t e e r r . Julian Brown, Benchmark (Bahamas president and chief executive

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e ficiaries to pay CLICOs reinsurance premium payment, the liquidator said in his report to the Bahamian Supreme Court. In turn,C LICO would then make g ood on the payment to the b eneficiary. However, from my investigations, I have discovered that some beneficiaries were not paid funds by CLICO,w hich were covered by the reinsurer. Notwithstanding CLICOs premium payments were being made per the agreement they had with the reinsurer. As a result of this unorthod ox approach, I have since advised the reinsurer that this process must cease and we w ill pay the quarterly premiu m payments. The premium payments are currently being paid on a monthly basis. Meanwhile, Mr Gomez said C L Financial, CLICO ( Bahamas) parent company i n Trinidad, had failed to respond to a statutory demand his attorneys had served upon it, as he seeks to enforce the $58 million guar-a ntee it had given to cover t he Bahamian insurers loans to its CLICO Enterprises subsidiary, which were subsequently invested in US real estate development. The key investment is the W ellington Preserve real e state project, which received $73 million from CLICO Enterprises, but Mr Gomez warned: The current real estate market in the United States remains extremely soft, a nd it is very unlikely that I will be able to realise a more t han favourable price from the Wellington property to guarantee sufficient funds for me to satisfy creditors of CLI-C O (Bahamas In light of these condit ions, I have requested general counsel to proceed with the call on the CL Financial guarantee. Mr Gomez said key comp onents were omitted from t he loan agreement between CLICO (Bahamas CO Enterprises, including the initial amount of the advance. It instead covered cash advances and other creditf acilities, starting in 2005, but t he liquidators review showed that the advances actually began in December 2003. Noting that it had previously been estimated that W ellington Preserve would require a further $42 million i nvestment before it could be presented for sale, Mr Gomez added: I have decided to move forward to sell the landw holesale and not by individu al pieces of lots. This process h as proven to be challenging, as the current state of the real estate market in the US is slow. Two different buyers are c urrently negotiating with Mr G omez, who confirmed that the initial buyer with whom he executed a sale and purchase agreement, Hines Interest LLP, terminated the deal on March 5, 2010. This decision was made in p roper accordance with the termination clause of the agreement, and in further discussions with Hines it was discovered that the termination was due to the fact that the c urrent market for retail property in the US remains soft, M r Gomez added. C M Y K C M Y K BUSINESS T HE TRIBUNE TUESDAY, NOVEMBER 23, 2010, PAGE 5B TO DISCUSS STORIES ON THIS PAGE LOG ON TO WWW.TRIBUNE242.COM :$17(' Ansbacher (Bahamas PRIVATE BANKING ADMINISTRATOR Ansbacher (Bahamas N EW YORK T REASURYSrallied Monday after the government saw strong biddingf or its debt and troubles in Europe s ent investors looking for safety in U.S. government bonds, according to Associated Press. In its first of three auctions this w eek, the Treasury raised $35 billion in a sale of two-year notes, priced to yield 0.52 percent. Even at such lowr ates, demand for the notes was strong. Investors placed bids for 3.7 times the amount offered, well above the average of 3.22 over the past year. T he yield on the two-year Treasury c ontinued to drop after the auction, e nding the day at 0.47 percent, down from 0.51 percent on Friday. C ash flowed into Treasurys on worr ies that Ireland's financial crisis still wasn't fixed. The rating agency Moody's warned Monday that it may downgrade Ireland's debt even aftert he country applied for a bailout from the International Monetary Fund and the European Union. The aid pack a ge, Moody's said, would likely shift even more of the country's bank debt to the government, increasing Ire land's debt burden. T he 10-year Treasury rose 56.2 c ents, pushing the yield to 2.80 percent f rom 2.87 percent late Friday. Yields fall as prices rise. T he 30-year bond rose 59.3 cents, k nocking the yield to 4.20 percent from 4.24 percent. The Treasury expects to raise a total of $99 billion from bond buyers thisw eek. The next auction comes Tuesday, with the sale of $35 billion in fiveyear notes. I n the Treasury bill market, the three-month T-bill paid a 0.13 percent yield at a discount of 0.14 per cent. Treasurys rally after US govt raises $35B More unorthodox CLICO practices FROM page one

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SAN FRANCISCO H EWLETT-PACKARD CO., the world's biggest technology company, on Monday reported higher profits, helped by corporate s pending even as demand from consumers and governments has wobbled a cross the industry, a ccordi ng to Associated Press. T he company also raised its profit forecast for then ew fiscal year. Its shares r ose in after-hours trading. The numbers, reported Monday after the market closed, offer more evidence that the technology indust ry's recovery is lopsided. P urchases by big companies are buoying growth. They have thawed budgets that were frozen during the depth of the recession. M eanwhile, unemployment worries have sapped consumers' appetite for comp uters, and state governm ents in the U.S. have s lashed spending to plug budget holes. Other tech-n ology major leaguers, such a s Cisco Systems Inc. and Intel Corp., have issued warnings. HP said its net income was $2.54 billion, or $1.10 p er share, in its fiscal fourth q uarter, which ended Oct. 31. That was up 5 percent from $2.41 billion, or 99 cents per share, last year. E xcluding items, the company earned $1.33 per share, topping the $1.27 per s hare that analysts polled b y Thomson Reuters were e xpecting, excluding items. Revenue was $33.28 bill ion, an 8 percent increase o ver last year. Analysts expected $32.75 billion. The higher guidance calls for profit of $5.16 to $5.26 per share for the fiscal year ending in October 2011. T he previous forecast w as $5.05 to $5.15 per share. T he higher figures i nclude a gain of 4 cents per s hare from real estate sales. HP's earnings conference call marks the first chancef or investors and analysts to hear from the company's new CEO, Leo Apotheker, since he started the job three weeks ago. He takes over the company as it's in mid-stride in a radical makeover. Mark H urd, HP's former CEO, was spending billions of dollars in acquisitions tom ake the company less of a one-trick pony that was dependent on printer ink for most of its profits,b efore he was ousted in the w ake of a sexual harass m ent investigation. H P's results illuminate t rends in multiple markets. It's the world's top PC sell-e r, and reported that reve nue from consumer PCs fell 10 percent in the latest q uarter while business PCs r ose 20 percent. That was a reversal of the trend during the recession, whenc onsumers snapped up i nexpensive "netbooks." Meanwhile, servers and d ata storage technologies a re moving fast. H P's revenue in that business-focused categoryr ose 25 percent. H P is among the top sellers in both categories. C M Y K C M Y K BUSINESS PAGE 6B, TUESDAY, NOVEMBER 23, 2010 THE TRIBUNE TO DISCUSS STORIES ON THIS PAGE LOG ON TO WWW.TRIBUNE242.COM NOTICE B ARRYW. HERMAN LIQUIDATORENSEMBLE, LTD.(In Voluntary Liquidation) NOTICE is hereby given that the above-named Company is in dissolution, commencing on the 16th day of November, 2010. Articles of Dissolution have been duly registered by the Registrar. The Liquidator is Barry W. Herman, P.O. Box N-10818, Nassau, The Bahamas. All persons having claims against the above-names Company are required, on or before the 18th day of December, 2010 to send their names and addresses and particulars of their debts or claims to the Liquidator of the Company or, in default thereof, they may be excluded from the benefit or any distribution made before such debts are proved.LEGAL NOTICE Dated this 18th day of November, 2010. Hewlett-Packards fiscal 4Q tops Wall Street estimates IN THIS SEPT. 20. 2010 FILE PHOTO the corporate logo for Hewlett-Packard Co. is displayed at an HP Innovation Summit, in New York. Hewlett-Packard Co. releases quarterly financial earnings Monday, Nov. 22, 2010, after the market close. (AP NEW YORK STOCKSpared their losses and ended narrowly mixed Monday amid anxiety over Europe's financial crisis and a widening probe into insider trading on Wall Street, according to Associated Press. Bank shares slumped after the Federal Bureau of Investigation raided the offices of two hedge funds as part of a broad insider trading probe. Goldman Sachs Group Inc. sank 3.4 percent, while Bank of America Corp. fell 3.1 percent. Retail and consumer goods stocks rose on hopes that shoppers will be in a spending mood when they turn up in stores the day after Thanksgiving as the holiday shopping season gets under way. The Dow Jones industrial average fell 24.97 points, 0.2 percent, to 11,178.58. The Dow was down as much as 149 points earlier. Pressure Bank stocks were already under pressure because of concerns over how the bailout of Ireland announced over the weekend would affect their investment portfolios and ability to increase dividends. "Banks will have to take a haircut," said Benjamin Wallace, securities analyst at Grimes & Co in Westborough, Mass. "All these issues bring into question whether banks are strong enough to pay out dividends next year, and whether the government will ask them to hold on to more capital for some more time." Ireland formally asked for help from its neighbors Sunday following weeks of pressure from the European Union. While details of the package were still being worked out, Ireland's government slipped further into crisis Monday as a coalition partner of Prime Minister Brian Cowen threatened to abandon him. It was the second time this year that the European Union has come to the rescue of one of the 16 countries that use the euro. In May, the EU and the IMF committed $140 billion to Greece to pre vent the country from defaulting on its debt. Investors took heart from signs that the holiday shopping season is off to a good start. A widely watched gauge of spending, MasterCard Advisors SpendingPulse, found apparel sales rose 9.7 percent in the first two weeks of November. Online retailer Amazon.com Inc.'s shares were up 3.4 percent, and Apple Inc. rose 2.2 percent. Other technology shares also rose, pushing the Nasdaq composite index up 13.90, or 0.6 percent, to 2,532.02. The Standard & Poor's 500 index fell 1.89, or 0.2 percent, to 1,197.84. Econom y "Consumers make up 70 percent of the economy and there is a sense that they will start spending their increasing sav ings," said Steven Goldman, chief market strategist at Weeden & Co. In another positive sign, computer and printer maker Hewlett-Packard Co. reported better than expected results and raised its profit forecast. It's stock was up 1.7 percent in afterhours trading. Investors will sort through a full plate of economic data this week, but trading will be shortened by the Thanksgiving holi day on Thursday. Reports set to be released Tuesday and Wednesday include October home sales, an update of consumer sentiment, and revisions to earlier estimates of the thirdquarter gross domestic product. Some economists expect that the latest reading on U.S. economic growth for the third quarter will be slightly higher that the previously estimated 2.0 percent increase. Rising shares outpaced falling shares by a hair on the New York Stock Exchange. Consolidated trading volume came to 3.8 billion shares. Stocks mixed as Ireland bailout, FBI probe weigh Retail and consumer g oods stoc ks rise

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D ETROIT GENERAL MOTORS stock gyrated between positive and negative territory Monday to close at a loss as it started its first full week of trading as a r eborn company, a ccordi ng to Associated Press. Analysts said the reason i s a combination of hedge f unds taking profits and o ther investors jumping in as the price dips, and they expect volatility to last fors everal more days. GM stock closed Monday at $34.08, down 18 cents per share, or 0.5 percent. It dropped as much as 45 cents to $33.81 in the morning, but it rebounde d to a gain and continued t o move above and below b reak-even all day. At one point it hit 22 cents aboveF riday's close of $34.26. V olume was around 36 million shares, far below the more than 400 milliont rades in GM stock on T hursday. The stock movement comes just two businessd ays after General Motors Co. pulled off an IPO worth $15.8 billion, signaling the surprising resur r ection of an American corporate icon that collapsed into bankruptcy protection and was res c ued with a $50 billion bailout from U.S. taxpay ers. Unsta b le V olatility will likely con tinue for at least a few more days because stock m arkets have been unstab le of late and as hedge funds continue to take profits and other traders search for bargains, said Joe Phillippi, a former Wall Street analyst who is now president of AutoTrends Consulting in Short Hills, N.J. He also said investors could be buying with the expectation of a pop in the price because GM should make its way back into the Stan dard & Poor's 500 index shortly. Membership in the index is important because many mutual funds buy shares based on it. "The hedge funds are obviously big players. They're flipping. They used their muscle to get big strong alloca tions" in the IPO, Phillippi said. "You may very well have a lot of portfolio managers buying the stock when it dips, figuring that it's going to be put back into the S&P 500 soon." On Monday, Standard & Poor's began covering the new GM stock by recom mending that investors hold it. Analyst Efraim Levy set a 12-month price target of $36 and wrote that he expects earnings per share of $2.78 in 2010 and $3.62 in 2011. GM earned $2.62 per share through the first three quarters of this year. He based his recom mendation on GM's low er operating and borrowing costs after leaving bankruptcy protection, and a greater focus on its remaining four brands. GM got rid of Hummer, Saab, Pontiac and Saturn and now can focus on Chevrolet, Buick, GMC and Cadillac. Levy pred icts U.S. industry sales n ext year of 13 million, up from 11.5 million expected this year. Monday's trading was similar to but not as dramatic as Friday's. At the opening bell that d ay, the stock fell $1.08 to $ 33.11 as investors sold to lock in profits. T he stock recovered a fter nearing the IPO p rice of $33 per share, leading some analysts to speculate that largei nvestors stepped in to stop it from hitting $33, a price that could trigger computerized "stop loss" orders to sell. Friday's early drop also could have been halted by i nvestors who jumped in t o buy at a relatively low p rice, the analysts said. It ended the day up 7 cents,o r 0.2 percent, at $34.26. P hillippi said the large investment banks will do whatever it takes to keept he price above $33 and a void triggering any com puterized sell orders. Even though they cann ot buy stock under Secu rities and Exchange Com mission rules, they can legally talk to big investorsa nd persuade them to buy, he and others said. Messages were left with spokeswomen for JPMor g an and Morgan Stanley, the two lead underwriters in the GM IPO. O n Friday, Morgan S tanley would not com ment on whether it took action to stop GM's stock f rom dropping, while a m essage left at JPMorgan Chase & Co. was not returned. GM also would n ot comment Monday. I n the IPO, GM's owners mainly the U.S. government sold 478 million shares at $33 each. Shortly after the opening bell on the first day of trading Thursday the price jumped as high as $35.99, then pulled back later in the day. GM ended Thursday with a gain of 3.6 percent at $34.19. Debt The government is on its way to getting back at least part of the $50 billion it spent bailing out GM, which emerged from bankruptcy protection last year with a balance sheet cleansed of huge debt. GM's debt was reduced to $8 billion from a stagger ing $104 billion in the bankruptcy process. The leaner company earned $4.2 billion in the first nine months of this year, and its chief financial officer said it could post huge pretax profits if the U.S. auto market recovers to pre-recession highs. The government made $11.8 billion by selling 358 million shares at $33 apiece in the IPO, and reduced its ownership stake in GM to about 36 percent from 61 percent. It stands to make $13.6 billion and lower its stake to 33 percent if bankers exercise options for 54 million more shares. If the options are taken, the government will have 500 million shares left, and they must sell for $53 each in order to get all the bailout money back. Those options could be exercised this week. C M Y K C M Y K BUSINESS T HE TRIBUNE TUESDAY, NOVEMBER 23, 2010, PAGE 7B TO DISCUSS STORIES ON THIS PAGE LOG ON TO WWW.TRIBUNE242.COM GM stock fluctuates at start of first full week IN THIS file photo taken Thursday, Nov. 18, 2010, General Motors headquarters are shown in Detroit. Shares of the reborn General Motors lost momentum in early trading Friday, Nov. 19, dropping more than 2 per-c ent on their second day of trading as a new company. P aul Sancya file/AP

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C M Y K C M Y K BUSINESS PAGE 8B, TUESDAY, NOVEMBER 23, 2010 THE TRIBUNE 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 $P/EYield 1.261.00AML Foods Limited1.011.010.000.1500.0406.73.96% 10.759.67Bahamas Property Fund10.6310.630.000.0130.200817.71.88% 6.184.50Bank of Bahamas4.904.900.000.5980.2608.25.31% 0.580.18Benchmark0.180.180.00-0.8770.000N/M0.00% 3.492.70Bahamas Waste2.702.700.000.1680.09016.13.33% 2.152.14Fidelity Bank2.172.170.000.0160.040135.61.84% 12.509.62Cable Bahamas10.4610.460.001.0500.31010.02.96% 2.842.36Colina Holdings2.402.400.000.7810.0403.11.67% 7.005.40Commonwealth Bank (S1 6.856.850.000.4220.26016.23.80% 3.651.63Consolidated Water BDRs1.891.85-0.040.1110.04516.72.43% 2.551.60Doctor's Hospital1.601.600.003,0000.1990.1108.06.88% 6.995.94Famguard6.076.070.00-0.0030.240N/M3.95% 10.207.26Finco7.267.260.000.2870.52025.37.16% 11.408.77FirstCaribbean Bank9.399.390.000.6450.35014.63.73% 5.513.75Focol (S 5.465.460.000.3660.21014.93.85% 1.001.00Focol Class B Preference1.001.000.000.0000.000N/M0.00% 5.595.00ICD Utilities5.595.590.000.0120.240465.84.29% 10.509.82J. S. Johnson9.829.820.000.9710.64010.16.52% 10.0010.00Premier Real Estate10.0010.000.000.9910.80010.18.00% 52wk-Hi52wk-LowSecuritySymbolLast SaleChangeDaily Vol. 99.4699.46Bahamas Note 6.95 (2029BAH2999.460.00 100.00100.00Fidelity Bank Note 17 (Series A) +FBB17100.000.00 100.00100.00Fidelity Bank Note 22 (Series B) +FBB22100.000.00 100.00100.00Fidelity Bank Note 13 (Series C) +FBB13100.000.00 100.00100.00Fidelity Bank Note 15 (Series D) +FBB15100.000.00 52wk Hi 52wk Low Symbol Bid$ Ask$ LastPrice DailyVol EPS$ Div$ P/E Yield BISX LISTED & TRADED SECURITIES AS OF:7% Interest 7%RoyalFidelity Merchant Bank & Trust Ltd. (Over-The-Counter Securities)29 May 2015 W WW.BISXBAHAMAS.COM | TELEPHONE:242-323-2330 | FACSIMILE: 242-323-232019 October 2022 Prime + 1.75% Prime + 1.75% 6.95%20 November 2029MONDAY, 22 NOVEMBER 2010BISX ALL SHARE INDEX: CLOSE 1,483.20 | CHG -0.04 | %CHG 0.00 | YTD -82.18 | YTD % -5.25BISX LISTED DEBT SECURITIES (Bonds trade on a Percentage Pricing basis)Maturity 19 October 2017F INDEX: CLOSE 000.00 | YTD 00.00% | 2009 -12.31%30 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 1.51221.4076CFAL Bond Fund1.51225.11%6.79%1.490421 2.92652.8300CFAL MSI Preferred Fund2.91871.10%3.13%2.919946 1.56551.4954CFAL Money Market Fund1.56553.87%4.48%1.545071 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 1.13671.0000FG Financial Preferred Income Fund1.13674.30%5.21% 1.09741.0000FG Financial Growth Fund1.09742.75%6.87% 1.13631.0000FG Financial Diversified Fund1.13634.18%5.78% 9.74859.1005Royal Fidelity Bah Int'l Investment Fund Principal Protected TIGRS, Series 19.74584.35%5.22% 11.236110.0000Royal Fidelity Bah Int'l Investment Fund Principal Protected TIGRS, Series 210.6000-1.59%4.26% 10.00009.1708Royal Fidelity Bah Int'l Investment Fund Principal Protected TIGRS, Series 39.5037-4.96%-4.96% 8.16434.8105Royal Fidelity Int'l Fund Equities Sub Fund8.16435.79%9.42% BISX ALL SHARE INDEX 19 Dec 02 = 1,000.00 YIELD last 12 month dividends divided by closing price 52wk-Hi Highest closing price in last 52 weeks Bid $ Buying price of Colina and Fidelity 52wk-Low Lowest closing price in last 52 weeks Ask $ Selling price of Colina and fidelity Previous Close Previous day's weighted price for daily volume Last Price Last traded over-the-counter price Today's Close Current day's weighted price for daily volume Weekly Vol. Trading volume of the prior week Change Change in closing price from day to day EPS $ A company's reported earnings per share for the last 12 mths Daily Vol. Number of total shares traded today NAV Net Asset Value DIV $ Dividends per share paid in the last 12 months N/M Not Meaningful P/E Closing price divided by the last 12 month earnings FINDEX The Fidelity Bahamas Stock Index. January 1, 1994 = 100 (S) 4-for-1 Stock Split Effective Date 8/8/2007 (S1) 3-for-1 Stock Split Effective Date 7/11/200731-Oct-10BISX Listed Mutual FundsNAV Date 31-Oct-10 31-Oct-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 242-502-752531-Oct-10 30-Sep-10 30-Sep-10 12-Nov-10 31-Aug-10MARKET TERMS31-Oct-10 NAV 6MTH 1.467397 2.911577 1.530224 107.570619 105.776543 30-Jun-10 31-Oct-10 31-Oct-10 31-Oct-10 1 2 7 & ( ( 662(;3/25$7,21$1' 352'8&7,21$1*2/$ ,11(5(1'f/,0,7(' B BBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBB& UHGLWRUVKDYLQJGHEWVRUFODLPVDJDLQVWWKHDERYH Q DPHG&RPSDQ\DUHUHTXLUHGWRVHQGSDUWLFXODUV WKHUHRIWRWKHXQGHUVLJQHG3%R[ 1DVVDX%DKDPDVRQRUEHIRUHW KGD\RI'HFHPEHU ,QGHIDXOWWKHUHRIWKH\ZLOOEHH[FOXGHGIURPW KHEHQHRIDQ\GLVWULEXWLRQPDGHWKH/LTXLGDWRU 'DWHGWKHWKGD\RIRYHPEHU & DURO**UD\ /LTXLGDWRU RUWKFKDVH'ULYH + RXVWRQ 8 1 2 7 & ( (;;2102%,/(;3/25$7,21$1' 352'8&7,21 2.+276.f/,0,7(' B BBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBB &UHGLWRUVKDYLQJGHEWVRUFODLPVDJDLQVWWKHDERYH QDPHG&RPSDQ\DUHUHTXLUHGWRVHQGSDUWLFXODUV WKHUHRIWRWKHXQGHUVLJQHG3%R[1DVVDX %DKDPDVRQRUEHIRUHWKGD\RI'HFHPEHU ,QGHIDXOWWKHUHRWKH\ZLOOEHH[FOXGHGIURP WKHEHQHRIDQ\GLVWULEXWLRQPDGHWKH/LTXLGDWRU 'DWHGWKHWKGD\RIRYHPEHU &DURO**UD\ /LTXLGDWRU RUWKFKDVH'ULYH + RXVWRQ 1 2 7 & ( ( 662(;3/25$7,21$1''8&7,21 $1*2/$,11(5(1'f/,0,7(' BBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBB 1 2 7 & ( ,6 +(5(%<*,9(1DVIROORZV (662(;3/25$7,21$1' 3 52'8&7,21,11(5(1'f/,0,7(' LVLQGLVVROXWLRQXQGHUWKHSURYLVLRQVRIWKH QWHUQDWLRQDO%XVLQHVV&RPSDQLHV$FW 7KHGLVVROXWLRQRIWKHVDLG&RPSDQ\ FRPPHQFHGRQWKHWKGD\RIRYHPEHU $UWLFOHVRI'LVVROXWLRQZHUH V XEPLWWHGWRDQGUHJLVWHUHGE\WKH 5HJLVWUDU*HQHUDO 7KH/LTXLGDWRURIWKHVDLG&RPSDQ\LV&DURO *UD\ + RXVWRQ7 'DWHGWKHWKGD\RIRYHPEHU + $55< / 2%26.<$1$*(0(17&2/7' $ WWRUQH\VIRUWKHDERYHQDPHG&RPSDQ\ 1 2 7 & ( (;;2102%,/(;3/25$7,21$1' 352'8&7,21.+276.f/,0,7(' B BBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBB 1 2 7 & ( ,6 +(5(%<*,9(1DVIROORZV (;;2102%,/(;3/25$7,21$1' 352'8&7,21.+276.f/,0,7(' LV LQ GLVVROXWLRQXQGHUWKHSURYLVLRQVRIWKH, QWHUQDWLRQDO%XVLQHVV&RPSDQLHV 7KHGLVVROXWLRQRIWKHVDLG&RPSDQ\ FRPPHQFHGRQWKHWKGD\RIRYHPEHU $UWLFOHVRI'LVVROXWLRQZHUH VXEPLWWHGWRDQGUHJLVWHUHGE\WKH 5HJLVWUDU*HQHUDO Ff7KH/LTXLGDWRURIWKHVDLG&RPSDQ\LV&DURO *UD\ +RXVWRQ7 'DWHGWKHWKGD\RIRYHPEHU +$55< /2%26.<$1$*(0(17&2/7' $WWRUQH\VIRUWKHDERYHQDPHG&RPSDQ\ 1 2 7 & ( (;;2102%,/(;3/25$7,21$1' 352'8&7,21 $0$/*<'$1f/,0,7(' BBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBB & UHGLWRUVKDYLQJGHEWVRUFODLPVDJDLQVWWKHDERYH QDPHG&RPSDQ\DUHUHTXLUHGWRVHQGSDUWLFXODUV WKHUHRIWRWKHXQGHUVLJQHG3%R[1DVVDX %DKDPDVRQRUEHIRUHW KGD\RI'HFHPEHU ,QGHIDXOWWKHUHRIWKH\ZLOOEHH[FOXGHGIURP WKHEHQHRIDQ\GLVWULEXWLRQPDGHWKH/LTXLGDWRU 'DWHGWKHWKGD\RIRYHPEHU &DURO**UD\ /LTXLGDWRU RUWKFKDVH'ULYH +RXVWRQ 1 2 7 & ( (;;2102%,/(;3/25$7,21 $1''8&7,21<$0$/*<'$1f/,0,7(' BBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBB 1 2 7 & ( ,6 +(5(%<*,9(1DVIROORZV Df (;;2102%,/(;3/25$7,21$1' 3 52'8&7,21<$0$/*<'$1f/,0,7(' LVLQGLVVROXWLRQXQGHUWKHSURYLVLRQVRIWKH ,QWHUQDWLRQDO%XVLQHVV&RPSDQLHV$FW Ef7KHGLVVROXWLRQRIWKHVDLG&RPSDQ\ FRPPHQFHGRQWKHWKGD\RIRYHPEHU $UWLFOHVRI'LVVROXWLRQ ZHUHVXEPLWWHGWRDQGUHJLVWHUHGE\WKH 5HJLVWUDU*HQHUDO 7KH/LTXLGDWRURIWKHVDLG&RPSDQ\LV&DURO **UD\ +RXVWRQ7 'DWHGWKHWKGD\RIRYHPEHU +$55< /2%26.<$1$*(0(17&2/7' $WWRUQH\VIRUWKHDERYHQDPHG&RPSDQ\ By SANDY SHORE, AP Business Writer O IL PRICESretreated M onday as concerns grew about economic stability in Europe after Ireland sought billions of dollars in financial assistance from its neighbors. B enchmark crude for January delivery fell 24 cents to settle at $81.74 a barrel on the New York Mercantile Exchange. The price has dropped about 5 percent from a week ago in the wake o f Ireland's debt crisis and C hina's efforts to slow economic growth. Prices M eanwhile, the national a verage for a gallon of regular gasoline was $2.876 on Monday, according to the Energy Department's Energy Information Administration. That's almost 2 cents less than a week ago and a bout 24 cents more than a year ago. Drivers in Gulf Coast states are seeing thel owest prices, at an average $2.694 a gallon. California g as stations charge the most: around $3.17 a gallon. Pump prices in major c ities range from an average of $2.66 a gallon in Houston t o $3.21 a gallon in San Francisco. Drivers in NewY ork City pay about $3.01 a g allon. Regular goes for $3.08 in Chicago, $2.95 in Boston, $2.94 in Miami and$ 2.68 in Denver. Ireland formally requested help Sunday from other countries in the EuropeanU nion after a financial crisis developed with losses at three nationalized banks. Terms of the package fromt he European Union and the International Monetary Fund are being negotiatedb ut should not exceed $137 b illion. Ireland's action follows a multi-billion dollar European bailout approved in May for Greece to prevent it from defaulting on its debt. Now, traders and investors are concerned that heavy debt burdens in S pain, Portugal and Italy m ay lead to other bailout p ackages, slower global economic recovery and weak demand for oil and gas. Some traders are selling c ontracts to reduce their risk a head of the Thanksgiving h oliday weekend. E fforts by China to tighte n its monetary policy, with t hings like higher bank reserve requirements, also weighed on energy prices.C hina's rampant growth and thirst for energy have d riven oil prices higher even as economies in the U.S. and Europe have been slug gish. "Certainly things can unfold in the eurozone very quickly," LaSalle Futures G roup analyst Matt Zeman s aid. "Things can happen in C hina very quickly. Why t ake that risk home with you o ver the long weekend?" Dollar Trading was light Monday, which can contribute to volatility in price swings. Ina ddition, the dollar was stronger against other curr encies. Since oil and other commodities are priced in dollars, a stronger dollarm akes them less of a bar gain for traders using other currencies. In other Nymex trading in D ecember contracts, heati ng oil fell 0.58 cent to settle at $2.2686 a gallon, gasoline lost 4.41 cents to settle at$ 2.1519 a gallon. Natural gas added 10.7 cents to settle at $4.271 per 1,000 cubic feet. I n London, Brent crude lost 38 cents to settle at $83.96 a barrel on the ICE Futures exchange. Oil prices fall on worries about global economy WALTHAM, Massachusetts BUSINESSsoftware maker Novell Inc. said Monday it has found a new suitor to take over the company after rejecting a lower offer from a private equity firm earlier this year, according to Associated Press. Novell, based in Waltham, Massachusetts, said Attachmate Corp. has agreed to pay about $2.2 billion in cash, or $6.10 per share. That tops an offer of $5.75 per share that Elliott Associates L.P. made back in March, a bid that valued the company at about $2 billion. As a part of the deal announced Monday, Elliott will get a stake in Attachmate. The new offer represents a premium of 27 percent over Novell's closing share price of $4.80 on March 1, the day before Elliott Associates made its offer. Novell said it is also selling some of its intellectual property rights to a consortium of technology companies organized by Microsoft Corp. for $450 million. Novell shares climbed 37 cents, or 6.6 percent, to close Mon day at $5.96. Attachmate, based in Seattle, is owned by private equity firms Francisco Partners, Golden Gate Capital and Thoma Bravo. Novell draws new bid of $2.2 billion

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C M Y K C M Y K WOMAN THE TRIBUNE TUESDAY, NOVEMBER 23, 2010, PAGE 9B TO DISCUSS STORIES ON THIS PAGE LOG ON TO WWW.TRIBUNE242.COM BODYANDMIND T h e T r i b u n e health By CARA BRENNEN-BETHEL Tribune Features Editor S h arlene Smith had very special plans for her 42nd birthday, she wanted to ensure that she and her sist ers and close friends would be around to see many more birthdays, and she wanted to turn a preven t ative medical procedure into an afternoon of fun. It was my 42nd birthday and I knew that I had to have my a nnual physical which includes a mammogram and I saw where the Breast Cancer was advertising mammogram parties, so I decided that it was perfect for me and my sisters and close friends to spend the afternoon getting tested. Sharlene explained that she and her family are keenly aware o f the importance of the lifesaving procedure. I have five sisters and we all have fibrocystic breasts, which m eans that we are genetically predisposed to breast cancer. Also, I have a very close friend who was diagnosed with b reast cancer at the age of 35 and she is now a four year cancer survivor, so seeing her situation also stressed how important it is to get tested. Because of their genetic predisposition to the disease, doctors have recommended that the Sharlene and her sistersh ave mammograms annually. Joining Sharlene for the special day on Saturday were sisters D eidre Miller and Renee Knowles, and her work colleagues and close friends from the College of the Bahamasher mana ger Williamae Johnson, Antoinette Pinder and Denece Mack ey. After being tested, the ladies spent time listening to music and eating a scrumptious spread of appetisers and pink cupcakes at The Breast Cancer on Collins Avenue which was d ecorated in the breast cancer awareness signature pink. Inspir ed Sharlene hopes that other women will be inspired by the B reast Centre offer of a mammogram party. It is so important to have mammograms done, because breast cancer can be detected and cured and the digital mam m ograms which they do now are much less painful than the conventional ones that people may be used to having had in the p ast, she said. Dr Ravi Shankar, the physician on hand at the Breast Center to read the images, explained that the digital mammograms allow for more accurate and clear images which is bet ter especially for women who may have denser breast tissue. Additionally, Dr Shankar explained that there is computer software which can be applied to the images to help read the i mages. So I would first look at the images and then I can apply the s oftware to them and it can give me different views and it is like a second pair of eyes. He said that the current international standards and recommendations are that woman over 50 get a mammogram annually to avoid an over exposure to radiation. However s ome medical professionals suggest women between 40-50 have them once every 2 years. H e said that cancer was on average found in white woman between the ages of 50 and 60. H owever, he explained that it is especially important for Bahamian women to get regular mammograms, because recent studies have shown that black Bahamian women in particular are being diagnosed at younger agesin some cases in their early 30s. T he early incidences of breast cancer may be a result of the genetic makeup of black woman although it has not been d efinitively determined. This does not mean that every young woman should rush to get a mammogram because there is still the risk of radiation exposure, but they should know their risk profile and discuss the benefits of having a mammogram with their gynecologist, he said. SHARLENES MAMMOGRAM PARTY By ALESHA CADET Tribune Features Reporter THE Sister Sister Candlelight Vigil recently held in Rawson Square highlighted Breast Cancer month and was the closing event held by the organisation in commemoration of breast cancer month. Andrea Sweeting, Presi dent of the Surgical Suite Sister Sister Breast Cancer Sup port Group said, What a way to close the curtain on the events of an exciting month of educating our community on the Awareness of Breast Cancer. She defined the Candle light Vigil as a time to cele brate, give thanks and praises to our God for the mission which he has commissioned us . Ms Sweeting went on to thank God for the unity the Cancer Support agencies share fighting the battle. We thank God for the lives we have had the ability to touch and the lives that have touched and transformed our hearts, she said. The 5th Annual Candlelight Vigil was established, originally as a highlight of a one day visit from the Sister Sister Miami Affiliate Komen Sisters who had visited on a cruise ship. Tribune understands that the first vigil had followed a walk on Paradise Island and dinner, before the group had re-boarded their ship. It was one time only because after that the ship started leaving the port earlier. But it was a wonderful idea, so we kept it going. And as result since then, the assistance and partnership is educating our community between the other organisations, Mrs Sweeting added. Going further, prior to the ceremony that evening, two groups of cancer survivors and supporters, representing all of these organisations, staged a brief symbolic walk from Elizabeth and George Streets, to Rawson Square, marking their unity and the onset of the ceremony. Ms Sweeting explained that it is unfortunate that we continue to loose beloved sis ters, mothers, friends and coworkers to this disease. While the message remains the same, it must become more forceful, she said, Detection She added that screenings are a must annually. We must encourage family and friends to do the same as early detection saves lives and it enables us to save and help one person at a time, said. The Mount Moriah Churchs Girls brigade was featured at the 5th Annual Sister Sister Candlelight Vigil recently held in Rawson Square. Mrs Sweeting also thanked all in attendance for their support and participation during the Breast Cancer Awareness Month. She quoted the scripture, For the bat tle is not ours, it is the Lords, and emphasised that, we (cancer survivors are the simple and humble vessels He (God to use. Breast Cancer Month climaxes with a candlelight vigil in Rawson Square! PARTY TIME: Sharlene Smith wearing a party hat toasts her birthday with sisters and close friends. LETS PARTY a feast was laid out for the women to enjoy after getting tested. TESTING TIME: Sharlene Smith and one of her guests await being t ested. A TIME TO CELEBRATE AND CONTINUE THE FIGHT: Members of the Mt. Moriah Churchs Girls brigade sing at the Sister Sister Candle light Vigil, the closing ceremony for the Breast Cancer Month of Activities. S S C C R R E E E E N N I I N N G G S S A A V V E E S S L L I I V V E E S S

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C M Y K C M Y K WOMAN PAGE 10B, TUESDAY, NOVEMBER 23, 2010 THE TRIBUNE TO DISCUSS STORIES ON THIS PAGE LOG ON TO WWW.TRIBUNE242.COM M ost of our culinary herbs are of European, particularly Mediterranean, heritage but there is a group of herbs that can be substituted quite readily and are right at home in our warm weather conditions in The Bahamas. Cilantro was once known as Chinese or Mexican parsley and it is used far more than regular parsley in warmer climates. The herb is fast growing and has a distinctive taste that is hard to find a substitute for. It has one of those tastes that you either love or hate: a deep, oily flavour that dominates whatever it is added to. Cilantro is an essential ingredient in Mexican salsas. The seeds of cilantro are coriander, one of the base ingredients for a curry powder. Coriander is a spice while cilantro is a herb. Cilantro grows very quickly. In fact too quickly as it tends to bolt soon after reaching maturity in a few weeks. For this reason it is a good tactic to sow just a couple of cilantro plants every two weeks if you are an aficionado. Gaining ground on cilantro as a dominant tropical herb is Mexican tarragon (Tagetes lucida that is also known as Mexican marigold. Restaurants used to have a hard time obtaining French tarragon all year round and Mexican tarragon is now used extensively with no loss in fine flavour. Mexican tarragon is sold as an annual but I have found that once the plant dies back it can be left and the root ball will resurrect itself in time. It also grows from seeds produces by the beautiful yellow flowers so you have double protection against losing your tarragon permanently. Mexican tarragon was made for chicken and can also be used to flavour vinegar. No Bahamian herb garden should be without a stand or two. There are some African plants that have made their way around the tropical world as hot weather herbs. Members of the mint family, Plectranthus species appear in many Bahamian gardens as they are hardy and very easy to look a fter. In general they are very fleshy, highly redolent, and the common nomenclature is very confusing. P. amboinicus is called Cuban oregano, Mexican oregano, Spanish thyme, Mexican thyme and Mexican mint. P. tomentosa is called Cuban oregano. P. coleoides is called Cuban oregano, Mexican oregano and Spanish thyme, while a variegated version with a white leaf border is called Swedish ivy. Do you notice the problem: several different species with the same common name. The confusion is caused by the rather strong scent and flavour of Plectranthus. If you look for a thyme scent, you will find it; likewise oregano, mint and borage can be detected. I call P. amboinicus Cuban oregano. Its leaves are somewhat smaller and fleshier than the others, longer than they are wide. I call P. coleoides Mexican thyme. The leaves are rounder and serrated, and the flavour much closer to thyme than oregano. There is also a member of the verbena family that is called Mexican oregano ( Lippia graveolens) It is native from Texas through South America to northern South America. This plant probably deserves its name as it is native to Mexico and does not come from Africa. Its growth and appearance are similar to coleus or nettles. Although I have been assured you can cook at length with these tropical herbs, I have always preferred to add them towards the end of the cooking process or use them fresh in salsas. Plectranthus and Lippia can easily be grown from cuttings and need very little in the way of TLC. Once established, they are an attractive foliage addition to the garden and seem to act as insect deterrents. gardenerjack@coralwave.com TROPICAL HERBS GREEN SCENE By Gardener Jack H ow is your relationship desk these days? Do you have a lot of working files that you look at frequently and you add to on a regular basis? Do you have a lot of unfinished work that you just proc rastinate over? Or do you have many files that are completed and filed away? We hear over and over that we need to put time and effort into our relationships, but what happens when they just do not work out and they come to an end? T he end of a relationship is almost always painful, but at times it can be a relief. Closing that particular file however may not be that easy. D epending if there is a particular 'dumper ', 'dumpee' or if it is a mutual agreement will determine how you move on in the future. Ideally all questions, unresolved problems, good times and things learnt from the relationship will be aired. Of course, this requires a great deal of respect and c ons ideration, both of which are often missing when things come to a close. What happens when it all ends in a big chaotic mess? You may be left out to dry, or perhaps you are the one too cowardly to face the music. If we do not wrap things up, and feel everything has been taken care of, then we drag it around with us intot he next relationship. We punish or treat the next person as if they were a s hadow of the last. It is not surprising that we go through life wondering why we can not get it right. Are we always choosing the wrong people, or is it us? People assume that long relationships are the hardest to get over. Cer tainly there is more history, possibly children and joint property. However, all too often we see that their life together has 'played out' and that it has reached a natural conclusion. S hort relationships, however, may have terminated before their time and the expected course of things did not take place. The questions of 'what ifs.' and 'might have been.'remain floating in the air unanswered. One thing we know for s ure is that no matter what type of ending you have it is all emotionally d raining, and something we would all like to avoid. Vary The work needed before we can close that particular file can vary in time depending on the individuals involved and their circumstances. Initially, you may feel sad, angry or you may feel nothing. If you feel sad then you more than likely turning events inwards and blaming yourself for the loss. Or you may direct angry feelings outwards and blame the other person. Feeling nothing may mean you are just avoiding the whole delu ge of emotions. Discovering why something happened, and the person that we emerge as, allows the forgiveness to take place. We can then step aside and release ourselves from the pain. This is what is meant to be and this is t he direction our life is meant to take. The scenario of letting go and a ccepting the loss of a relationship would seem like the natural process o f things. For some people, the course of events is blocked by the other person. This is often seen when children are used as bargaining power. We may feel as if we are held hostage in the relationship and closure seems impossible. Even if this takes place we need to find a way to release ourselves as individuals so that we can move on with our lives. Hopefully, at some point, this file will be closed and filed away. You will know by then if it will remain in the back of the filing cabinet; never to be reopened. On the other hand b ecause of mutual reasons, such as children, it may have to be brought out every now and then. When you do it is important to remember to handle your children's feelings with care because they will be experiencing similar emotions. T hings may still be more complicated and you may have a stagnant r elationship that keeps you in limbo. Relationships like this are suffocating a nd very unhealthy. It is essential that we continue working at our relationships, or close them and file them away. The goal is always to remember to surround ourselves with good quality relationships that enrich our lives, and keep away from those that pull us down. Have you filed your Ex? VICTOR L. SIMPSON, Associated Press VATICAN CITY Pope Benedict XVI sought to "kick-start a debate" when he said some condom use may be justified, Vatican insiders say, raising hopes the church may be starting to back away from a complete ban and allow condoms to play a role in the battle against AIDS. Just a year after he said condoms could be making the AIDS crisis worse, Benedict said that for some people, such as male prostitutes, using them could be a step in assuming moral responsibility because the intent is to "reduce the risk of infection." The pope did not suggest using condoms as birth control, which is banned by the church, or mention the use of condoms by married couples where one partner is infected. Still, some saw the pope's comments as an attempt to move the church forward on the issue of condoms and health risks. For years, divisions in the Vatican have held up any effort to reconcile the church's ban on contraception with the need to help halt the spread of AIDS. Theologians have stud ied the possibility of condoning limited condom use as a lesser evil, and reports years ago said the Vatican was con sidering a document on the issue, though opposition apparently blocked publication. One senior Vatican official said Monday he believed the pope just "wanted to kick-start the debate." He spoke on condition of anonymity because of the sensitivity of the issue. For the deeply conservative Benedict, it seemed like a bold leap into modernity and a nightmare for many at the Vat ican. The pope's comments sparked a fierce debate among Catholics, politicians and health workers that is certain to reverberate for a long time despite frantic damage control at the Vatican. In a sign of the tensions, the Holy See's chief spokesman, the Rev. Federico Lombardi, rushed out a statement to counter any impression the church might lift its ban on artificial birth control. Lombardi stressed the pope's comment neither "reforms nor changes" church teaching. While much of the world hailed Benedict's statement as a major shift toward lifting the church ban, conservatives insisted the pontiff was not "justifying" condom use from a theo logical point of view. Many Vatican observers were struck by the example the pope used that of a male prostitute though the comments clearly were not meant to condone prostitution or homosexual conduct, which the church condemns as "intrinsi cally disordered." And while Benedict made only a tiny opening, he stepped where no pope has gone since Pope Paul VI's 1968 encyclical "Humanae Vitae," which was supposed to have closed debate on church policy barring Catholics from using condoms and other artificial contraception. Notably, the pope chose to make his statement in an inter view with a German journalist, Peter Seewald, and not in an official document. Excerpts of Seewald's book, "Light of the World: The Pope, the Church and the Signs of the Times," first appeared Saturday in the Vatican newspaper, L'Osservatore Romano. Luigi Accattoli, a veteran Vatican journalist who will be on a Vatican panel launching the book Tuesday, said Bene dict had taken a "long-awaited" step that only the highest authority of the church could do." Also on the panel is an influential prelate who showed his independence last year when he argued that Brazilian doctors should not be excommu nicated for aborting the twin fetuses of a 9-year-old child who was allegedly raped by her stepfather. Monsignor Rino Fisichella argued the doctors were saving the girl's life and should be shown mercy; he was forced out as head of the Vatican's bioethics advisory committee for his stance. Benedict previously had shown little sign of budging on the issue of condoms. Last year while en route to Africa, the continent hardest hit by HIV, he drew criticism from many health workers by saying con doms not only did not help stop the spread of AIDS but exacerbated the problem. With Benedict prone to gaffes and crises such as his remarks likening Islam to violence that caused a fury in the Muslin world and his lifting of the excommunication of a Holocaust-denier some wondered whether it was again a communication problem. However, Seewald wrote in the preface that Benedict had reviewed the text and made only small corrections. Seewald, who wrote two other books of interviews with Benedict while he was a cardinal, spent six hours over six days with Benedict at the papal summer residence in Castel Gandolfo in July. The German-born pope appears comfortable talking with his fellow countrymen. The only other interview the pope has given was to German television in 2006. Beyond the debate within the Roman Catholic church on its condoms policy, it is unclear how much effect the shift could have on health policy in Africa. Kevin O'Reilly, a World Health Organization AIDS expert in Geneva, said the pope's comments "will remove some barriers in Africa." "The fact that the Vatican is demonstrating any flexibility at all, and is considering the realworld use of condoms, is encouraging," O'Reilly said. "Some of the churches there have been actively campaigning against condom use," he added. "But I don't think there are a lot of people making decisions about condom use while worrying about what the Vatican is up to." By MAGGIE B AIN Pope seeks to start debate on condoms and AIDS LOVING RELA TIONSHIPS By Maggie Bain (AP Photo/Noah Berger MASS: A processional starts mass at St. Ignatius Catholic Church on Sun day, Nov. 21, 2010, in San Francisco. Some Catholic believers in the Americas greeted Pope Benedict XVIs recent comments on condoms as a sign that the church was stepping into the modern debate in the fight against AIDS, though the church was adamant Sunday that nothing has changed in its views banning contraception. There was praise and wariness for the popes comments that condoms could be morally justified in some limited situations, such as for male prostitutes wanting to prevent the spread of HIV. AP REPOR T

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C M Y K C M Y K WOMAN THE TRIBUNE TUESDAY, NOVEMBER 23, 2010, PAGE 11B TO DISCUSS STORIES ON THIS PAGE LOG ON TO WWW.TRIBUNE242.COM By ALESHA CADET T ribune Features Reporter T HE members of the Nassau Chapter of The Links, Inc will officially present their Autumn Leaves Concert that will feature an evening of elegant music. The event will take place at the at College of the Bahamas' Performing Arts Centre, starting 8 pm and will raise funds for the various projects the organisation funds. The concert will be feature the best of home and abroad. The Concert features the 2010 Marlin award winning Mount Tabor Full Gospel Praise Team, The B ahamas National Youth Choir, Pat Rahming and Antoine Wallace and Ms Nikita Wells from the Best of Broadway. Cecilia Cooper, a member of the Nassau Chapter of The Links, Inc told Tri bune Woman that one of the main projects has been the establishment of the safe house for women and girls in crisis in Nassau. Links is an organisation of accomplished, dedicated women who are active in your community. The Linksm embers are newsmakers, role models, mentors, activists and volunteers who work toward the realisation of making the name Links not only a chain of friendship, but also a chain of purpose ful service. As stated on their website, the Million Dollar Links Safe House for Women in Crises was opened on October 17, 2003 in Nassau, Bahamas, through the sustained efforts, determination and lov ing care of twenty six members of the Nassau Chapter of The Links, Inc. The facility was built from dona tions given by numerous corporate sponsors and fund raising activities put on by The Nassau Chapter of The Links, Incorporated with the support of the community," it stated. Ms Cooper said the safe house works very closely with the woman's crisis cen t er and the department of social ser vices. The Autumn Leaves Concert has not been annual but this is the third concert of it's kind, this concert is in aid of projects of the Nassau Chapter of The Links, Inc she said. Speaking on the name of the concert, she said: We call it Autumn Leaves because of the time of year and it is a wonderful way to kick off the perfect Holiday season." Giving a brief on the performers, Ms Cooper added: The Bahamas National Youth Choir has actually produced eight recordings to date and sung in eighteen different languages. Also, Antoine Wallace is a recipient of a young artist Award and he is currently employed at the Bahamas Youth, Sports and Culture." In addition to those artist, local artist Patrick Rahming is also set to perform at the concert. The Bahamas musician and Entertainment union has recognised his contribution to the development of the Bahamian music," Ms Cooper said. Admission is $25 for adults and $12 for children. AUTUMN LEAVES CONCERT THE NASSAU CHAPTER OF THE LINKS, INC PRESENTS ... AWARD-WINNING: The 2010 Marlin award winning Mount Tabor Full Gospel Praise Team is set to perform at the Autumn Leaves Concert. SYLVIA HUI, A ssociated Press LONDON T h e wedding of Wills and Kate is the only one that matters next year. Unless, of course, you're having one yourself. Britain is captivated by speculation over where and when their prince will wed but few are keeping their eyes peeled as much as British brides-to-be. Planning the biggest day of your life is stressful enough without having to compete with a multimillion-pound (dollar affair that will be the biggest British wedding perhaps the biggest wedding, period in decades. Fear and horror are spreading through British bridal circles and a whole new batch of young women are ready to pitch a royal hissy fit. "If their wedding was on my wedding day, I don't know what I would do!" said Anna Whitcomb, 28, trying on wed ding dresses at a London department store. "I know all my family members and guests would want to watch the celebration and would be distracted." "I'm supposed to be the princess, and now I have a real princess to compete with," she added. Chelsea Slipko, also looking for a wedding gown at the store, said she couldn't deal with sharing a date with the royals. "It's like having your birthday on New Year's or your anniversary on Valentine's day," she said. "It's not just your day anymore." Prince William and Kate Middleton are widely speculated to marry at Westminster Abbey in central London this spring or summer giving other Lon don brides panic attacks at the prospect of transport nightmares, fully booked hotels and blanket security checks throughout the sprawling city. "It would be quite the unfortunate coincidence if they got married when all our guests would be traveling in from the airports and out of central London," said 23-year-old Siobhan Gibney, whose nuptials are planned for August in Greenwich in suburban London. "I just want our guests and the flowers and cake to make it to Greenwich on time," she added. Brides with expensive tastes and elite social connections have futher worries. Will their orders for hand-engraved invi tations from royal stationers Smythson be delayed? Can they still get that 1,950 pound ($3,116 queen's grocery supplier Fortnum & Mason? Will the guest lists overlap? One mother of the bride went so far as to beg William's father Prince Charles to pick a date that won't clash with her daughters' when she bumped into him during a London appearance. "My daughter said, 'please keep June 18 free, no one will come to mine," Nila Gosrani told the heir to the British throne as he was touring a museum. Charles said he would pass the message along. And it's not just ordinary commoners who could be upstaged. No matter what the date, William and Middleton's wedding is likely to overshadow the July 2 and 3 nuptials of Prince Albert II of Monaco and former Olympic swimmer Charlene Wittstock. In the online wedding community, a booming virtual sisterhood where future brides bond and share e very detail from centerpieces to bridesmaids' shoes, the question rages: Should you change your wedding date to avoid the royals or, in wedding parlance, become their "date twin?" K im Rix, a London wedding planner, had this advice: Avoid the day purely for l ogistical reasons. But many brides-to-be said there is little they can do about c lashing. Venues, caterers and photographers are usually booked months, if not years, in advance, and couples must put down hefty deposits on everything, making it difficult to cancel or change plans. "I don't think there's anything you can do about it. It's impossible to compete with the royal wedding," said Thea Darricotte, 30. "You just have to adapt to it." Rix said couples who do find themselves sharing the prince's big day could record the royal wedding and play highlights for guests who don't want to miss out on the national celebrations. That could be fraught with awkward moments, though, and less confident brides may not fancy having their dress es or nuptials compared to a much more glamorous, wealthy bride like Middleton. "It really depends on the couple if they are royalists, for example and whether the bride is the kind of person to take it personally," Rix said. Deborah Joseph, the editor of Brides magazine, suggested couples marrying next year take the royal wedding in stride, incorporating a Union Jack or royal theme "as a cheeky nod." Brides-to-be have acquired a reputa tion as being unreasonable, intolerable perfectionists so-called "Bridezillas" partly thanks to such movies as "Bride Wars," in which two best friends try to outdo each other with vicious dirty tricks after both booked the same venue on the same day. Luckily, no one is like ly to be fighting with William and Middleton if they pick the hallowed venue of Westminster Abbey, since only the royal family, abbey staff and those given the "Order of the Bath" an order of chivalry are allowed to marry there. But what happens if you are stuck? Well, there could be other perks. When Queen Elizabeth II and Prince Philip celebrated their 50th anniversary in 1997, they invited 50 couples who had been married on the same day to a special tea at Buckingham Palace. So a royal garden party could await 50 years down the road providing both marriages last the distance. British brides live in fear of royal wedding date ROYALKISS: The July 29, 1981 photo of Britains Prince Charles kisses his bride, P rincess Diana, on the balcony o f Buckingham Palace. (AP Photo/Matt Dunham ROYAL WEDDINGVENUE? People walk past Westminster Abbey in London, Friday, Nov. 19, 2010. Westminster Abbey is the leading contender for the wedding venue of Prince William and Kate Middleton.

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C M Y K C M Y K THETRIBUNE SECTIONB HEALTH: Body and mind T UESDAY, NOVEMBER 23, 2010 C C u u r r v v y y , s s e e x x y y a a n n d d . . . F ASHIONABLE B y JEFFARAH GIBSON Tribune Features Writer J ASPHER Knowles is fed up! He is tired of hearing voluptuous women say t hey have to settle for boring bland clothing. He is tried of seeing the curvy women do their figures a disservice by wearing unflattering pieces. And he is t ired of the small selection, local clothing stores offer the plus size women. Jas pher Knowles is about to make a fashion move similar to the one American plus s ize designer Lane Bryant made in the early 1920s. He is about to revolutionise plus size fashion in the Bahamas with the launch of his chic, but edgy plus size clothing line Drapery at Dent the Runway showcase to be held at the British Colonial Hilton this Sunday. With this new line couture steps from the catwalk to the side walk and women with curves can b e just as fashionable. The fashion showcase will feature a myriad of creation from Knowles which will include his fashion forward clothing line as well as his denim col l ection. Organisers of the show said Dent the Runway will be a celebrated f ashion debut featuring pieces that exude functionality, sophistica tion, and pizzazz. The show will feature four segmentsdenim, ready to wear, high fashion. I have been involved in the so called skinny world for a very long time. Then I started working with plus size pageants. After that I b ecame involved in everything that is centered around plus size women. I realised that plus size fashion was a good thing. Drapery is a plus size fashion line for the fashion forward woman. It features some very nice pieces that are functional as well, said Mr Knowles. Inspired by his travels as well as his observation of the fashion industry locally, Mr Knowles is determined to change the way full figured women look. So instead of curvy women settling for flats, 4 inch heels and clothing that screams sex appeal with a voice of confi dence is what the designer envisions. A lot of the stuff that I have seen in pictures is what not to wear. But I wanted to reinvent certain looks and show women that they can be plus size and still fashionable, he said. In the near future the Bahamian designer said that he want to open his very own manu facturing company. I want to give young people the opportunity to work for a fashion house. I want to also be the major supplier of full figured denim jeans so Bahamian clothing outlets would be able to get them directly from Bahamian manufacturing company, he said. Jasper Knowles has his eyes set on becoming a fashion icon. His Drapery line was recent ly featured at Full Figured Fashion Week in New York City in June. Fueled by the desire to become the worlds largest plus size clothing distributors Knowles has selected a number of international models along with Bahamian models as well. Jaspher Knowles has been designing evening gowns since the age of seventeen for pageant queens locally and internationally. He has worked tirelessly to bring plus fashion as a staple in the Bahamas. Forming his own fashion company Vintage House which encompasses couture Plus Modeling Agency, Ms Plus World Pageant and clothing lines such as Drapery, Thin Line, and Sheer-fon. Jaspher is committed to creating a platform for the plus size community in high fashion. His designs have been showcased in publication such as MANIK Magazine. Tickets to Dent the Runway can be purchased through www.vintagehousebahamas.com or purchased at clothing retailer La Chica Caliente located on East Street and Independence Drive. Doors open at 7pm but the show begins at 8pm. DENTTHE RUNWAY LOOKING GOOD: Drapery full figured fashion line by Bahamian designer Jaspher Knowles, features pieces that exudes, functionality, sophistication, and pizzazz. Drapery is a plus size fashion line for the fashion forward woman. It features some very nice pieces that are functional as well. Jaspher Knowles, who is launching the first Bahamian plus size fashion line