Citation

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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Full Text
PAGE 6B, TUESDAY, JANUARY 25, 2011

THE TRIBUNE



NO DELUSIONS’ ON ONE-OFF cccisiny otc copie
$63M BORCO WINDFALL

FROM page 1B

of such one-off transactions.

Commenting on the unanticipated
windfall to the Public Treasury as a result
of Buckeye Partners’ $1.36 billion pur-
chase of a First Reserve’s majority hold-
ing in BORCO, Zhivargo Laing said the
receipt of the $63 million - confirmed by
Buckeye yesterday - was “good news”
for the Government’s fiscal position.

“We are always delighted to receive
revenue in the Treasury, especially rev-
enue that was not anticipated,” Mr Laing
told Tribune Business. “That has been
good news. It helps. We have to be grate-
ful for that. It all goes into that wonder-
ful pot called the Government’s [funds].”

Asked whether the BORCO payment
could induce a false sense of security
when it came to the Government’s fiscal
position, Mr Laing replied adamantly:
“No. We’re sensible enough to know
what matters are accounted for, to know
what matters are not accounted for, to
know what matters are on-off transac-
tions, and to know what matters are
recurring items.

“We have no delusions about these
things when we analyse the performance
of revenue.”

Breaking down how the $1.36 billion
paid to First Reserve was used, Buck-
eye Partners said in a filing with the Secu-

rities & Exchange Commission (SEC):
“The purchase price was paid in a com-
bination of cash and equity. At closing,
approximately $644 million in cash was
paid to First Reserve, $400 million of
consideration was paid by the issuance of
LP Units and Class B Units to First
Reserve, and approximately $63 million
was used to pay applicable Bahamian
transfer taxes,

“Approximately $320 million was used
to repay existing indebtedness of a sub-
sidiary of [BORCO’s parent], approxi-
mately $18 million was used to make cer-
tain payments to BORCO’s operator and
indirect minority owner and bonuses to
employees that became payable as a
result of the transaction, and approxi-
mately $9 million was used to pay certain
fees and expenses incurred by [BOR-
CO’s parent] and its affiliates in connec-
tion with the transaction.”

Proceeds

Tribune Business previously reported
that the BORCO deal proceeds, when
combined with the $210 million received
from the impending Bahamas Telecom-
munications Company (BTC) sale, could
wipe out much of this year's fiscal deficit.
The two one-off transactions will be
music to the ears of a hard-pressed
Public Treasury, which has been forced

to borrow to meet civil service payrolls
after tax revenues nosedived due to the
recession, and was projected to incur a
total $302 million deficit for the 2010-
2011 Budget year.

ment says will be raised from selling a 51

windfall that it did not account for in its
2010-2011 Budget.

June 30, 2011.

The Government projected last year in i of BTC’s cellular monopoly will be extended to three years,”

? Cable Bahamas wrote to URCA. “[We] inquire (a) whether

: : URCA made such a proposal, and (b) was this based on com-
cio pas eres eae : petition principles or on a market review?”

its Budget that it would incur a total fis-
cal deficit of $302 million for fiscal 2010-

just $15 million.

$60 million surplus under this method.

FROM page 1B

the state-owned incumbent

BIC BLASTS “EXCESSIVE’ FEES FACED

added that the regulator had
never justified the licence fee,
equivalent to 1.1 per cent of
turnover, that it was also
required to pay.

Arguing that the fees levied
on Bahamas-based communi-
cations sector operators were
relatively high compared to
other jurisdictions, BTC said
it objected to itself and others
effectively | subsidising
URCA’s costs involved in
readying to regulate other
utilities, such as electricity and
water. “In a sector character-
ized by excessively high
licence fees, BTC......... is very
concerned that URCA has
included in its 2011 report
provisions whereby telecoms
licensees are paying the cost
of training for other utilities’
‘possible’ regulation,” BTC
said.

“This is unfair given the
anticipated start-up costs of
the newly-appointed Appeals
Tribunal, which are yet to be
determined and the depressed

economic climate. This sub-
sidisation by communications
licensees of other utility reg-
ulation preparation is unwel-
comed and vehemently
opposed by BTC. Again,
URCA appears to be exist-
ing in a ‘bubble’ oblivious to
the economic realities of the
Bahamian market and work-
ing through a ‘wish list’ of
items.”

As for the fee structure it
faces, the state-owned incum-
bent, which is in the process
of being privatised through
the sale of a majority 51 per
cent stake to Cable & Wire-

less Communications (CWC), eae the Communications Act’s }
said the Communications and objectives. Quarterly pay- }
Licence fees effectively meant Surcharge ments without interest would :

that it and other operators
were paying two separate fees
for one operating licence.
Reiterating that the fees
were “excessive”, and that
URCA had never justified the
1.1 per cent of turnover rate
used to determine its Licence

PUBLIC NOTICE

INTENT TO CHANGE NAME BY DEED POLL
The Public is hereby advised that |, LISA CANDISE
KNOWLES of #1 ARDEN FOREST ROAD, FREEPORT,
GRAND BAHAMA, intend to change my name to LISA

CANDISE SEARS. If there are any objections to this
change of name by Deed Poll, you may write such
objections to the Deputy Chief Passport Officer, P.O.Box
F-43536, Grand, Bahama no later than thirty (30) days
after the date of publication of this notice.

















S2wk-Low
0.97
9.67
4.50
0.18
2. 7Q
2.14
9.62
2.36
5.40
1.63
1.60
5.94
7.23
BFF
3.75
1.00
5.00
9.82

Bank of Bahamas
Benchmark
Bahamas Waste
Fidelity Bank
Cable Bahamas
Colina Holdings

Doctor's Hospital
Famguard
Finco

Focol (S)

ICD Utilities
J. S. Johnson

Securit_y
AML Foods Limited
Bahamas Property Fund

Commonwealth Bank (S1)

Consolidated Water BDRs

FirstCaribbean Bank

Focol Class B Preference

ROYAL FIDELITY

honey 2f Wark

fee, BTC also criticised the
requirement that it pay its
Communications Licence fee
by April 1 every year in one
lump payment.

“BTC holds fast to the view
that the Communications
Licence fee of 3 per cent of
the relevant turnover is oner-
ous when compared to other
jurisdictions, particularly giv-
en the initial mandate to pay
the total fee amount up front,
and firmly disallowing install-
ments as previously facilitated
by their predecessor, the
PUC, with the franchise fee,”

be very high”.

challenging economic times,
as amore reasonable alterna-

licencees to pay an entire

ments but with interest),”
Cable Bahamas argued.

“Additionally, the statutory
interest under Section 94 of
the Communications Act
specifies a surcharge of 4 per
cent over the Prime lending
rate for a delinquent/late pay-
ment, and us equally as oner-
ous.

“BTC is being mandated to
pay based on the previous
year’s profitability/earnings
with a true up on completing
of financial statements, there-
by committing to an uncer-
tain amount which, going for-
ward and as competition
increases, could be even less
certain.”

BTC was backed on this
issue by Cable Bahamas
which, while welcoming the
reduced fees associated with
individual operating licences,

followed in other jurisdictions,

is required.”

not be unduly burdened, and

freedom of BTC”.

also suggested it was “over

when it came to its price reg-
ulated services.

. FG
Gz

CAPITAL MARKETS
BROKERAGE & ADVISORY SERVICES

a

ec 2errca NS TAT

BISX LISTED & TRADED SECURITIES AS OF:

MONDAY, 24 JANUARY 2011
BISX ALL SHARE INDEX: CLOSE 1,480.24 | CHG -0.02 | %CHG 0.00 | YTD -19.27 | YTD % -1.29
FINDEX: CLOSE 000.00 | YTD 00.00% | 2009 -12.31%

WWW.BISXBAHAMAS.COM | TELEPHONE:242-323-2330 | FACSIMILE: 242-323-2320

1.02
10.63
4.90
0.18
2.7Q
2.41
10.21
2.40
6.85
2.06
1.60
6.07
6.51
9.38
5.48
1.00
7.40
9.82

Previous Close Today's Close

Change
0,00.
0,00.
0,00
0,00.
0,00
0,00.
0,00.
0,00.
0,00
-0.02
0.00.
0.00.
0.00.
0.00.
0.00.
0.00.
0.00.
0.00.

Daily Vol. EPS $ Div $ Pre
0.150 6.8
0.013 817.7
0.153 32.0
-0.877 N/M
0.168 16.1
0.016 135.6
1.050 9.7
0.781 3.1
0,422 16.2
0.111
0.107
@.357
O.287
0.494
0.366
0.000
0.012

1.02
10.63
4.90.
0.18
2.70
2AF
10,241
2.40
6.85
2.04
1.60
6.07
6.51
9.39
5.48
1.00
7.40
9.82

18.4
15.0
17.0
22.7
19.0
15.0

N/M

Ci6c.7

0.859 11.4

said these sums “continue to }
? water Ventures would have enjoyed under the deal concocted

“Particularly in light of the i

year’s fees in advance in full :
(which URCA has interpret-
ed to allow for quarterly pay- }
? to which it plans to downsize BTC’s workforce (a social and
i political liability, perhaps), many are arguing that in doing so it

“An annual up-front pay- }
ment is not consistent with :

; _Urging URCA to apply sultation for the 2011 first quarter, Cable Bahamas said allow-
light touch’ regulation, BTC } ing consumers to keep the same phone number when they

? switched telecoms providers was key to competition.
regulated in the extreme” :

try

10.00 Premier Real Estate

10.00 10.00 0.00.

0.991 10.1

BISX LISTED DEBT SECURITIES - (Bonds trade on a Percentage Pricing basis)

S2wk-Hi S2wk-Low

99.46

Security
Bahamas Note 6.95 (2029)

Symbol Last Sale

BAH29.

Change Dai

99.46 0.00.

Interest
6.95%

ly Vol. Maturity

20 November 2029.

FROM page 1B

Responding to the Government’s plans to extend BTC’s

: cellular monopoly from two years to three years, something that
? would require changes to the Communications Sector Policy,
: Cable Bahamas questioned whether this was being done on
: receipt of a proposal from sector regulator, the Utilities Reg-
? ulation & Competition Authority (URCA), as stipulated in the
? policy.

Responding to URCA’s draft three-year strategy and 2011

annual plan, Cable Bahamas argued that extending BTC’s cel-

? lular monopoly was “not in the interests” of Bahamian con-

The $63 million from BORCO, com- } sumers, and it urged the regulator to recommend that rival

bined with the $217 million the Govern- } operators be allowed to compete in this sector by providing ser-

| ? vices using the state-owned incumbent’s infrastructure.
per cent BTC stake to Cable & Wire-

less Communications ($210 million in } allow BTC’s rivals (including itself) to at least offer cellular ser-

purchase price, $7 million in Stamp Tax), ? vices as part of a ‘triple-play package’ featuring Internet and

means the Government will enjoy a 3 fixed-line services.

potential $287 million gross revenue

This, the BISX-listed communications provider added, would

Noting that the $210 million sale of a 51 per cent BTC stake

? to Cable & Wireless Communications (CWC) was likely to

? be conditioned on a cellular monopoly extension from two to

The net return to the Treasury from } three years, Cable Bahamas said the Communications Sector

both deals is uncertain given, for exam- : policy’s current language indicated it could only be changed

ple, the Government needing to cover } ypon receipt of a proposal from URCA, which was subse-

the BTC employee pension plan deficit, + quently approved by the minister responsible.

but there is little doubt that the two deals }
will cover a substantial portion of the ; change was that it took “account of technological advances

anticipated fiscal deficit for the year to alia evalu? libeialicad ake

Another condition cited as a prerequisite for any Policy

“Tt is our understanding that the exclusivity period in respect

The draft Memorandum of Understanding (MoU) between

And, given that the GFS fiscal deficit : the Government and CWC, which was leaked last week, indeed
fuente stood at $227 million, strip- ; stipulated in clauses 5.2 and 5.5 that the bidding process for a
ping out $75 million in debt principal ? second competing cellular licence in the Bahamas would not
redemption, the $287 million proceeds ; begin before the third anniversary of BT'C’s privatisation clos-
could leave the Government looking at a i se

Given that it will likely take between one to two years for the

: second cellular licence to be awarded, and the winner to build
? out their rival network, many observers believe it could take five
: years - until early 2016 - before cellular competition arrives in
: the Bahamas.

This, they have pointed out, means that CWC will effec-
tively enjoy the same five-year cellular exclusivity that Blue-

under the former Christie administration.
The same observers argue that with the profits generated by

the cellular exclusivity, CWC will not only have more than

tive to the up-front annual ? enough time to prepare BTC for competition, but also recoup

payment requirement, URCA : much of the $210 million purchase price before the market is

should revisit the current fully liberalised.

licence obligation requiring }

Exclusivity

While the Government is likely to have agreed to extend the
exclusivity period as a trade-off for CWC reducing the extent

is effectively devaluing the worth of that second cellular licence.
Cable Bahamas and its Caribbean Crossings affiliate seem to
agree, their feedback to URCA yesterday stating: “The com-

? panies wish to point out that the Bahamas is one of the few
? countries left in the world that retains a monopoly in the

be a more commercially rea- mobile cellular market.
sonable practice, and is fully }

consistent with the approach monopoly, which is not in the interests of the people of the

? Bahamas, URCA should at least recommend that the provision

in which the payment of a . of mobile services on a resale basis (allowing for the licensing

substantial annual licence fee { Of mobile virtual network operators or MVNOs) commence as

? soon as possible, so that BTC’s fixed network competitors will

Aad BTCadded that it ? at least be in a position to provide triple-play packages includ-
“will continue to agitate for ? ing mobile cellular services to the public.”

= rie een oles i existing cellular network, paying a fee to the state-owned
OL BEGHES Peet bo tld Ie imoumbent 10.666,

vidual operating licencees will }

“Tf URCA has made a recommendation to extend this

MVNO operators would effectively rent space on BTC’s

Meanwhile, Cable Bahamas also urged URCA to make

i progress on the “stalled” issue of number portability, and

will also continue to lobby for { Called for such a system to be operating by year-end, given that

light touch regulation that will } this was a major barrier to competition in the fixed landline

not hamper the commercial : market it aims to enter imminently.

Praising URCA for scheduling a number portability con-

“Establishing an effective and efficient number portability

: system and process is as important to competition in the fixed
? voice market as finalising negotiations with BTC pursuant to a
? reasonable Reference Access and Interconnection Offer
? (RAIO),” Cable Bahamas said.

“The Government of the Bahamas has clearly recognised the

; importance of the prompt implementation of number portability
: for fixed services, which is crucial to promoting competition,
: eliminating entry barriers and ensuring customer choice.”

The BISX-listed operator and its affiliate added: “The com-

: panies believe that progress on this critical issue has stalled and
? must be given URCA’s full attention in 2011......... URCA’s goal
? should be to have a fully functioning number portability system
? and process up and running in the Bahamas by the end of
? 2011.

“This should be a top priority for URCA and for the indus-

ord

PRIME GATED COMMUNITY
Requires

100.00
100,00
100,00
100,00

Fidelity Bank Note 17 (Series A) +
Fidelity Bank Note 22 (Series B) +
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 Prime Daily Wet.
Bahamas Supermarkets 5.01 6.01 14.00
RND Holdings 0.35 0.40 0.55,
CFAL Securities Ltd. (Over-The-Counter Securities)
30.13 31.59 29.00
0.45 0.55 0.55
BISX Listed Mutual Funds
NAV YTD%
1.5179 5.51%
2.9474 2.10%
1.5740 A.A4A%
2.7202 12.72%
13.2825 -0.63%
114.3684
106.5528
1.1415
1.9101
1.1428

FBB17
FBB22

100.00.
100,00

0.00 7%
0.00 Prime + 1.75%

19 October 2017
19 October 2022
30 May 2013
29 May 2015

MANAGER

Successful applicant should possess proven record
of property management.

S2wk-Low EPS $
-2.945

0.001

Div &
0.000
0.000

P/E

ABDAB
RND Holdings

4.540
0,002

0.000
0.000

NAV 3MTH
1.498004
2.918697
1.555464

NAV GMTH
1.475244
2.919946
1.538692

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

Last 12 Months %
6.90%
2.098%
4.44%
4.63%
-0.14%
12.49%
7.18%
5.21%
7.60%
5.90%

1.4076
2.8300
1.4954
2.8522
13.0484
101.6693
99.4177
1.0000
1.0000
1.0000
9,1005

31-Dec-10
31-Dec-10
31-Dec-10
30-Nov-10
30-Jun-10
30-Sep-10
30-Nov-10
30-Nov-10
30-Nov-10

Attributes must include accounting, administrative
and personnel management.

9.98%
4.75%
4.74%
3.94%
A.78%

109.392860
100.779540

107.570619.
105.776543

FG Financial Diversified Fund

Royal Fidelity Bah Int'l Investment Fund Principal
Protected TIGRS, Series 1

Royal Fidelity Bah Int'l Investment Fund Principal
Protected TIGRS, Series 2

Royal Fidelity Bah Int'l Investment Fund Principal
Protected TIGRS, Series 3

Royal Fidelity Int'l Fund - Equities Sub Fund

9.7950 4.85% 5.45% 30-Nov-10

Compensation will be based upon expertise and
experience.

10.0000
10.6417 -1.20% 0.50% 30-Nov-10
9.1708
9,6635 3.37%
8.3979 8.82%
MARKET TERMS

YIELD - last 12 month dividends divided by closing price

3.37%
8.82%

30-Nov-10
4.8105 31-Dec-10
BISX ALL SHARE INDEX - 19 Dec 02 = 1,000.00
52Wk-Hi - Highest closing price in last 52 weeks
52wk-Low - Lowest closing price in last 52 weeks
Previous Close - Previous day's weighted price for daily volume
Today's Close - Current day's weighted price for daily volume
Change - Change in closing price from day to day
Daily Vol. - Number of total shares traded today
DIV $ - Dividends per share paid in the last 12 months
P/E - Closing price divided by the last 12 month earnings
KS) - 4-for-1 Stock Split - Effective Date 8/8/2007
(S41) - S-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

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

Bid $ - Buying price of Colina and Fidelity

ASk $ - Selling price of Colina and fidelity

Last Price - Last traded over-the-counter price

Weekly Vol. - Trading volume of the prior week

EPS $ - A company's reported eamings per share for the last 12 mths
NAV - Net Asset value

N/M - Not Meaningful

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

Please forward resume to P.O. Box CB 13456
or Fax to 362-6721





THE TRIBUNE

TUESDAY, JANUARY 25, 2011, PAGE 7B



| European crisis erodes
support for governments

: BARRY HATTON,
i Associated Press
: LISBON, Portugal



ATH-QTR PROFIT
LEAPS 49 PERCENT

EILEEN AJ
CONNELLY,

AP Business Writer
NEW YORK

American Express Co. says
its fourth-quarter profit rose
49 percent, as its customers
spent more and got better
about paying their bills.

The card issuer says net
income attributable to com-
mon shareholders rose to
$1.05 billion, or 88 cents per
share. Revenue rose 13 per-
cent to $7.32 billion.

Earnings include $113 mil-

AMERICAN EXPRESS

Political trouble that shook

? the Irish and Portuguese gov-
: ernments over the weekend
? could be a warning sign for oth-
? er European governments fac-
? ing voters angry about cut-
? backs, analysts said Monday.

The turmoil may make it

: harder for countries to move
: forward with recovery from the

i Crisis.

"Markets want to see a clear

commitment to fiscal tighten-

lion in charges announced last :
? or social opposition can delay
? measures being implemented,”
? said Emilie Gay, an analyst at
? Capital Economics in London.

week related to the elimina-
tion of about 500 jobs in its
customer service operations.
Excluding the charges, profit
came to 94 cents per share.

Wall Street was expecting
95 cents profit on $7.28 billion
revenue.

CEO Kenneth Chenault
said consumers, small busi-
nesses and corporate cus-
tomers all increased their
spending in the quarter. The
company also set aside less
money to cover unpaid bills,
as its customers got better at
making payments on time.

AMGEN 4Q PROFIT RISES,

NEW YORK

Biotechnology company
Amgen Inc. says it is buying
cancer drug maker BioVex
Group Inc. for up to $1 bil-
lion.

is developing a drug called
OncoVex, which is designed
to treat head and neck can-
cer and melanoma. Amgen
says it will pay $425 million
at closing and another $575
million if BioVex's products
reach regulatory and sales
milestones.

Amgen, of Thousand
Oaks, Calif., says the deal
will close in the first quarter
of 2011.

The biotechnology giant
also reported its profit grew
10 percent in the fourth
quarter on better sales of its
anti-infection drugs.

Amgen earned $1.02 bil-
lion, or $1.08 per share.
Excluding one-time costs,
Amgen posted a profit of
$1.17 per share. Revenue
edged up 1 percent to $3.84
billion from $3.81 billion.

(SX 4Q PROFIT
SOARS 42 PERCENT

SAMANTHA BOMKAMP,
AP Transportation Writer
NEW YORK

CSX, the nation's third
largest railroad, said Tues-
day that its fourth-quarter
profit jumped 42 percent as
carmakers and other indus-
trial customers stepped up
shipments.

The Jacksonville, Fla.,
company earned $430 mil-
lion, or $1.14 per share,
compared with $303 million,
or 77 cents per share, a year
ago. Revenue jumped 21
percent to $2.82 billion.
Overall shipping volume
rose 13 percent in the last
three months of the year.

Analysts surveyed by
FactSet Research forecast
$1.10 per share on revenue
of $2.67 billion.

The biggest volume gains
were in automotive ship-
ments, up 44 percent from a
weak 2009. "Strong growth
was due to an increase in
North American light-vehi-
cle production driven by

earnings report.
Volume jumped 17 per-
cent in the company’s inter-

ing, and any political instability

She said investors are ner-

: vous about political uncertain-
? ty in debt-stressed eurozone
? countries, including Belgium —
i where political squabbling has
? left the country without a gov-
? ernment for the past seven
? months. After months of strikes
? over unpopular austerity mea-
: sures, the governing Socialist
? Party's candidate in Portugal's
: presidential election lost heav-
i ily Sunday, collecting just 20
? percent of the vote behind 53
? percent for an incumbent

? backed by the main opposition

BUYS CANCER DRUG MAKER :

Social Democratic Party. Both

i parties remain committed to
? budget cutbacks despite public
i dissatisfaction. Ireland's prime

BioVex of Woburn, Mass.,



(AP Photo/Armando Franca)

PLEASED TO MEET YOU: Portuguese President Anibal Cavaco Silva
greets supporters at the end of his election campaign closing rally Fri-

day, Jan. 21 2011 in Lisbon.

minister, who is blamed for his
country's slide toward bank-
ruptcy after a construction bub-
ble burst, suffered a major set-
back when the Green Party
withdrew from his coalition
government. The Sunday pull-
out is almost certain to move
up the date of a national elec-
tion, and Ireland must now pass
a critical tax-raising bill before
parliament is dissolved this
month in order to reassure
international investors that Ire-
land is serious tackling its
deficit. The setbacks in Portugal
and Ireland likely herald more
protest votes against European
governments as austerity plans
begin to bite and stretch over

years of financial readjustment,
said Vanessa Rossi, a senior
research fellow at Chatham
House, a London-based think
tank. Portugal and Ireland have
been forced to adopt austerity
measures including pay cuts,
tax hikes and reduced welfare
entitlements.

"It's very obvious we're
going to get a lot of backlash
against governments because
of what's happened," Rossi said
in a telephone interview Mon-
day. "I think this build-up of
anti-austerity votes will contin-
ue."

Attention is turning to
upcoming state elections in
Germany, Europe's paymaster,

Analysis: Obama to push
faster recovery, more jobs

: STEVEN R. HURST,
? Associated Press
! WASHINGTON

Political engines are revving

? up for the 2012 presidential
? election and the sound of one
: of those, President Barack Oba-
? ma's, will be heard above all
? others Tuesday night in his
? nationally televised State of the
: Union speech to a joint session
i of Congress.

The Obama message: his pre-

: scription for a more robust eco-
? nomic recovery that cuts per-
? sistently high unemployment,
: now at 94 percent.

Obama's prospects for win-

: ning a second term probably
? depend largely on a robust
? upswing, a return to substan-
? tial growth and better employ-
? ment prospects that finally seal
? off the worst economic down-
? turn since the 1930s Great
? Depression.

The president will step to the

? rostrum with polls showing his
? overall approval rating at 53
i percent, 6 points higher than
? after the November congres-
? sional election — a drubbing
? for Democrats and loss of their
? majority in the House of Rep-
i resentatives.

The uptick in Obama's stand-

? ing coincides with his decision
? — post election — to negoti-
? ate with Republicans on a tax
? package and to build bridges
? to the business community.

Obama is also being helped

i by a stronger economy. A new
: survey from the National Asso-
? ciation for Business Econom-
} ics was more positive than at
? any time since the start of the
i Great Recession.

The survey released Monday

? showed that all major industry
i groups were seeing more
? demand for their products and
? services — a precursor to job
: growth.

Obama's mission in the State

? of the Union address is to build
? on those improved numbers by
? proving to ordinary Americans,
: especially independent voters,
? and his fellow politicians that
higher sales," CSX said inits }
? creating jobs and spurring the

? economy.

he has a hard and fast plan for

Otherwise he is in

? danger of handing Republicans

modal segment, which trans- : f
: potent rhetorical weaponry.

fers goods from trucks to
trains. Six out of eight CSX

it increases in volume from a fis-ependinn, celiciL-exndndiag

? socialist, determined to extend
? federal government control
? over the lives of voters. Repub-
i licans have taken particular aim
? at the administration's health
? care reform, already voting in
? the first session in the House
to repeal the measure. That will
? die or be killed in the Senate
? where Democrats still hold the
? majority. Obama has promised
? to veto any such legislation
: should it reach his desk.

year earlier. The only seg-
ment in which volume fell
was phosphates and fertiliz-
ers, but revenue for those
goods jumped 29 percent
due to higher prices.

Revenue from coal rose
34 percent from a year earli-
er — more than any other
segment — mostly due to
higher demand from steel-
makers abroad. CSX also
handled more shipments to
utility customers.

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ammunition for their already-

The party's success in

segments posted double-dig- November was largely built on

a message that Obama was a

Another Republican mes-





(AP Photo/Gregory Bull)

JOB HUNTING: In this Jan. 6, 2011 photo Tom McKelvey of Vista, Calif.,
checks for jobs at a career development cente in Oceanside, Calif. The
government is expected to report Friday that businesses stepped up
hiring in December, a trend likely to gain momentum in 2011. Economists
are predicting that employers added a net total of 145,000 jobs last
month and that the unemployment rate dipped to 9.7 percent.





INTERNATIONAL
BUSINESS

sage — the huge government
debt threatens the future of the
country — also resonates with
voters. Yet, cuts in any or all
federal programs — especially
among the elderly who benefit
from Medicare health insurance
and Social Security pension
payments — are a political
mine field that politicians would
rather not, and perhaps won't,
enter with the next election so
near.

Posturing

That will not, however, mean
an end to political posturing.

While Obama told support-
ers in a video released Satur-
day that he will focus on eco-
nomic issues, particularly jobs,
he also spoke of investing in
educating workers and in
research and technology. That
set off alarms among Republi-
cans. "Any time they want to
spend, they call it investment,
so I think you will hear the
president talk about investing a
lot Tuesday night,” said Senate
Minority Leader Mitch
McConnell. "We'll take a look
at his recommendations. We
always do. But this is not a time

to be looking at pumping up
government spending in very
many areas."

The second-ranking House
Republican, Rep. Eric Cantor,
closed ranks with McConnell.

"We want America to be
competitive, but then he talks
about investing,” Cantor said.
“When we hear ‘invest’ from
anyone in Washington, to me
that means more spending. ...
The investment needs to occur
in the private sector."

One huge place to find sav-
ings is in the $700 billion the
U.S. spends for its military.
Both parties suggest a willing-
ness to have a look at cuts
there, but neither side has laid
out a framework for serious
cutbacks.

That is difficult in a country
still conducting two wars, the
one being wound down in Iraq
and the ongoing and brutal
fighting in Afghanistan. Those
conflicts — while opposed by
some members of the Republi-
can's tea party wing and leftist
Democrats — likely won't find
much space in Obama's speech.
There are two reasons: Obama
knows he has no opportunity
to gain support among tea part-
ners; and left-wing Democrats
likely will vote his re-election in
2012 regardless. Thus, with the
economy and unemployment
still the first worry for Ameri-
cans, Obama has been blitzing
the business community, set-
ting a significantly warmer tone
and shaking up his staff with
the addition of centrist advis-
ers. His Tuesday night address
will fit snugly with those atmos-
pheric and personnel shifts as
Obama pivots from the solidly
left-leaning legislative agenda
of his first two years, to a more
centrist and pliable economic
boosterism and readiness to
compromise with the opposi-
tion.

where the troubled coalition
government may need to stump

states hold elections this year,
providing a series of tests from
February through September.

Polls suggest that Chancel-

rough ride due largely to local

coalition partner, the Free
Democrats. Still, her govern-

sinking billions more into res-
cue packages without securing
tangible reform in return.

rescue fund.

with little sympathy what from
extent inevitable, because
save the euro ... and also from

eral Constitutional Court," said
Gerd Langguth, a politics pro-

Bonn.

Spain says banks

need euro20 billion

i JORGE SAINZ,
: Associated Press
MADRID

Spain said Monday its
banks will need euro20 billion
($27 billion) in new capital to
meet new reserve require-

? ments aimed at strengthening
? their finances and quelling
i? fears the country might be
up more rescue money to pro- }
tect the 17-nation euro curren-
cy. Seven of the country's 16 }

Europe's next to need a
bailout.
Finance Minister Elena Sal-

? gado said a government fund
i? that has been lending billions
i for mergers among troubled

? cajas, or savings banks, might
lor Angela Merkel's center- }
right coalition can expect a }

eventually buy stakes in the
entities that cannot meet the

i new criteria by raising capital
issues, annoyance with the gov- }
ernment about unpopular deci- }
sions such as extending the life }
of nuclear power stations, and }
the unpopularity of the junior }

on the open market.

She says that for that to
happen banks will have to be
listed on the stock market and
become full blow banks. The

i? savings banks are not now list-
? ed. Worries about Spain's

ment will be eager to avoid }
annoying voters uneasy about }

banking system have been an
aggravating factor in the gov-

? ernment debt crisis plaguing
i the euro zone. Cajas have
? been particularly hard hit by
In addition, Germany's high- :
est court is expected to consid- }
er in coming months complaints }
filed against the bailout of }
Greece, and creation of a euro }
"Merkel faces }
pressure on two sides — from }
the population, which views :

exposure to a collapsed real
estate sector in Spain.

Salgado said it will not be
known until in the fall of this
year which savings banks the
government fund called the
FROB might buy into.

Ata hastily called news

i conference, Salgado said the
my point of view is to some :

overriding goal of the restruc-

i turing of the Spanish banking
something has to be done to }

sector is to "dissipate any

: doubt about the solvency of
potential decisions by the Fed- :

lending entities, about their

? capacity to resist under diffi-
? cult circumstances, in adverse
fessor at the University of :

scenarios, as unlikely as these

? scenarios might be."

NOTICE
PALAU LIMITED
NOTIC EIS HEREBY GIVEN as follows:
(a) PALAU LIMITED is in voluntary dissolution

under the provisions of Section 137 (4) of the
International Business Companies Act 2000.

The dissolution of the said company
commenced on the 19th January, 2011 when
the Articles of Dissolution were submitted to
and registered by the Registrar General.

The Liquidator of the said company is Blue
Seas Administration Ltd., The Bahamas
Financial Centre, Shirley & Charlotte Streets,

Nassau, Bahamas

Dated this 25th day of January, A. D. 2011



Blue Seas Administration Ltd.
Liquidator

NOTICE
MONAZITE VENTURES INC.

In Voluntary Liquidation

Notice is hereby given that in accordance

with Section

138(4) of

the International

Business Companies Act. 2000, MONAZITE
VENTURES INC. isin dissolution as of January

24, 2011.

International Liquidator Services Inc. situated at
3rd Floor Withfield Tower, 4792 Coney Drive,
Belize City, Belize is the Liquidator.

LIQUIDATOR

NOTICE
GRIFFIN POINTE LTD.

In Voluntary Liquidation

Notice is hereby given that in accordance with

Section 138(4) of the International Business
Companies Act. 2000, GRIFFIN POINTE LTD.
is in dissolution as of January 14, 2011.

International Liquidator Services Inc. situated at
3rd Floor Withfield Tower, 4792 Coney Drive,
Belize City, Belize is the Liquidator.

LIQUIDATOR







PAGE 8B, TUESDAY, JANUARY 25, 2011

THE TRIBUNE





DOW AVERAGE
NEARS 12,000
POINTS AS TECH
STOCKS CLIMB

CHIP CUTTER,

AP Business Writers
DAVID K. RANDALL,
AP Business Writers
NEW YORK

The Dow Jones industrial
average closed within 20
points of 12,000 Monday, its
highest point since June 2008.

Technology stocks rose
after Intel Corp. increased its
dividend and said it would
buy back more of its stock.
The company gained 2 per-
cent.

Materials companies rose
after a report from the

National Association for Busi- :

ness Economics showed that
economists are more positive
about economic growth and
the job market than at any
time since the start of the

Great Recession in December

2007.

Vulcan Materials Co.,
Alcoa Inc. and Sealed Air
Corp. each gained more than
3 percent. Alcoa, which
jumped 4.1 percent, was the
top-performing stock among
the 30 that make up the Dow
Jones industrial average.

The Dow gained 108.68
points, or 0.9 percent, to
11,980.52. The last time the
average closed above 12,000
was June 19, 2008.

The broader Standard and
Poor's 500 index rose 7.49, or
0.6 percent, to 1,290.84. The
Nasdaq composite gained
28.01, or 1 percent, to
2,717.55. Gains were spread
across the market. Financial
and health care companies
were the only two of the 10

the S&P index to fall.

McDonald's Corp. gained
0.5 percent to $75.38 after it
said it meet analyst expecta-
tions and warned that rising
food costs could affect its
margins this year.

J.C. Penny Co. jumped 7
percent to $32.52 after the
retailer said it would close
some stores and its catalog
business to reduce costs.

Three stocks rose for every
one that fell on the New York
Stock Exchange. Volume
came to 961 million shares.

TREASURY PRICES
INCH HIGHER

NEW YORK

Treasury prices Monday
inched higher after the Feder-
al Reserve bought close to $9
billion in bonds.

The price of the 10-year
Treasury note edged up 9.4
cents. Its yield, which moves
in the opposite direction,
edged down to 3.40 percent
from 3.41 percent late Friday.

The Fed bought $8.9 billion
in five- and six-year notes.
The central bank also bought
$8 billion worth of bonds on
Friday. The purchases are
part of the Fed's $600 billion
bond-buying program which
was launched in November to
keep interest rates low and
encourage lending.

Treasurys have been in a
relatively narrow range since
the start of new year. Yields
had spiked in the last two
months of 2010 on expecta-
tions of faster economic
growth.

WORLD ECONOMIC FORUM

At Davos, a catalogue of

The annual World Economic Forum

i opens this week under a cloud of econom-
i ic worries, concern over China's growing
i influence in politics and business, and sim-
? mering anxieties over Europe's debt cri-
: sis. Ahead of Wednesday's start, the meet-
: ing was greeted with news that Russian
? President Dmitry Medvedev had postponed
? his planned departure to Switzerland after

? what officials called a suicide bombing at
comp aoy eroups thal makeup + Moscow's busiest airport killed 31 near
? and wounding about 130.

Organizers said Medvedev would still

give the opening address on Wednesday
? evening. But they said his stay in Davos
? would be shortened.

Despite the lingering locksteps of fear,

: organizers of the five-day annual meeting
? — which will draw some 2,500 political and
? business leaders Jan. 26-30 — are opti-
? mistic that the debates, discussions and
? exchanges of ideas can provide a roadmap
? of sorts on the way forward after three
i years of global financial and economic tur-
? moil. "It's the first — I would call it post-cri-
? sis — meeting," Forum founder and exec-
? utive chairman Klaus Schwab told The
? Associated Press Monday. "We have avoid-
i ed the worst of the crisis, but we have not
? yet started to really build our future. Davos
: is the place to look at the new reality and
: see how we should construct our future."

The list of leaders headed to the Alpine

: town includes President Felipe Calderon
? of Mexico, British Prime Minister David
i Cameron, German Chancellor Angela
i Merkel and French President Nicolas
i Sarkozy, all part of the Group of 20 club of
: rich and developing countries.

Other G-20 leaders slated to attend are

? South African President Jacob Zuma,
? Indonesia President Susilo Bambang Yud-
: hoyono and European Union Council Pres-
i ident Herman Van Rompuy.

Skeptics note that while the gathering is

? akey stop for many executives and newly-
: minted national leaders to share a global
? and media-saturated stage, at times the
? meeting has not been prescient about com-
? ing financial eruptions.

Much has been made of the fact that last

year's forum had little to say about the sov-
? ereign debt crisis that spread like wildfire
? across Europe several months later.

But Yngve Abrahamsen, an economist at

? Zurich's Swiss Economic Institute, said that
? may be asking too much even of the con-
? centrated expertise that descends on the
: Swiss Alps each year. "Peering into the
? economic future is always difficult," Abra-
? hamsen said. "You might as well hire astrol-

BRUSSELS — The European Central Bank spent far less



(AP Photo/)

ECONOMIC WORRIES: Annual meeting chairman Klaus Schwab speaks to the Associated Press in Davos, Switzerland on Monday, Jan. 24,
? 2011. The annual World Economic Forum opens this week under a cloud of economic worries, concern over China’s growing influence in pol-
i itics and business, and simmering anxieties over Europe’s debt crisis.

? FRANK JORDANS,
i Associated Press

i MATT MOORE,

:? Associated Press

: DAVOS, Switzerland



OIL FALLS TO
NEAR $88 A
BARREL IN
EUROPE

PABLO GORONDI,
Associated Press

Oil prices fell to near $88

? a barrel Monday due to the
: effects of a stronger dollar,
: weaker stock markets and

? expectations China will

: take more measures to

: cool its economy.

By early afternoon in

: Europe, benchmark crude
? for March delivery was

? down 77 cents at $88.34 a

: barrel in electronic trading
on the New York Mercan-
: tile Exchange. The con-

: tract fell 48 cents to settle

i at $89.11 on Friday.

Oil has fallen from

i above $93 a barrel after

? economic indicators from

i China last week showed its
: economic growth acceler-

: ated in the fourth quarter

: and inflation remained ele-

vated. That has investors

i worried Beijing will take
? more steps to slow growth,
: reducing demand for crude

gress Center two days before the opening of the 41st Annual Meeting of the World Econom- :
ic Forum, WEF, in Davos, Switzerland, Monday, Jan. 24, 2011. The main subject of the World :
Economic Forum, WEF, annual meeting, which will take place from 26 to 30 January, is “Shared :

Norms for the New Reality”.



INTERNATIONAL
BUSINESS

ogists, because nobody knows what's going
to happen in three months time."

"If anything, Davos is a little bit faster at
picking up global themes,” he said. "But a
year ago nobody knew that the blowback
from the bank bailouts would be so fast."

Abrahamsen said the one charge many
participants — especially banking leaders
— might face is that they were quick to
cozy up to governments when they needed
a bailout, but when countries faced immi-
nent bankruptcy they turned around and
ratcheted up the interest rates.

The European sovereign debt crisis has
rocked financial markets since then, and
led some to wonder if the euro could even
break up. Schwab said he doesn't think it
will.

"I'm absolutely sure that the euro will

told AP. "Europe, in this new world that is }

i stronger dollar, which
actor and stay a key actor it has to express }

coming up, if it wants to become a key

itself in terms of its unity and it has tomake } to igvestors holding other
sure that euro is also secured by a much } oyrrencies

greater common effort, working together in }

fiscal monetary and general economic poli- on Monday from $1.3602
Organizers are trying to answer their } late Friday, while the

critics this year by taking time to discuss } British pound was down to

: $1.5943 from $1.6002.

how to deal with unforeseen risk — the }

cies."

"unknown unknowns" as former U.S.

Defense Secretary Donald Rumsfeld once
put it. The oil industry was hit by the reac-

tion to the Gulf of Mexico disaster; gov- } pe expects global oil
ernments have been struggling to contain } demand to rise by between
the fallout from the WikiLeaks revelations; } + anil d ie ‘li
and anybody who said Tunisia would be } 7° EL a ia

the first Middle East country to see a pop- } barrels a day in 2011.

: from the world's biggest
; energy consumer.

Analysts warned that

persistently high crude
i prices could begin limiting
} appetite for oil.

"There is once again a

? risk that these commodity

: price gains will sow the

i seeds of their own destruc-

: tion,” said a report from

? KBC Energy Economics in

: London. "With the eco-

i nomic recovery still fragile,

| : an oil price rally on the

} : scale of 2008 seems unlike-
: ly but at close to $100 a

i barrel, we are at levels

(AP Photo/Keystone/Laurent Gillieron)

GETTING READY: A worker carries a seat when he makes the last preparations inside the Con- ; Should begin to be felt.”

where consumer resistance

Dollar

Also tempering oil

not collapse because I think there is stilla | futures were mostly lowers

strong European solidarity in place," he | Stock markets in Asia and

Europe, as well as a

makes crude less attractive

The euro fell to $1.3560

Prices were supported by

: comments from Saudi Ara-
: bia's oil minister, who said

ular revolution in years would have been }

ago. A report compiled by the forum's in- }
house think tank highlights 37 global risks }

ranging from cyber warfare to public upris-

ings resulting from population growth and | this year. In other Nymex
resource shortages. Sudden food price ris- : trading in February con-

The surging cost of food in China pushed tracts, oot oil nee ae
inflation there to 4.6 percent in Decem- } cent to $2. a SahOn aly

ber, and the ruling Communist Party is | 24Soline lost 0.02 cent to

: $2.4585 a gallon. Natural

expected to respond by raising interest }

es have already sparked alarm in Asia.

rates to tame price rises.

Ali Naimi's forecast was

: higher than OPEC's esti-

laughed out of the room not two months :

mate released last week,
which saw a global demand

? rise of 1.2 million barrels

i gas gained 5.3 cents to

with Chinese politics,” said Arturo Bries, a }

finance professor at the IMD business
school in Lausanne. "I'm not expecting any

surprises from the Western leaders, but we exchange.

may have surprises coming from China.”

i $4.789 per 1,000 cubic feet.

"Every uncertainty in the world has todo }

In London, Brent crude

: was up 21 cents at $97.81 a
? barrel on the ICE futures

MADRID — Spain said its banks will need 20 billion euros ($27

money propping up the bond markets in Europe's more indebt-
ed countries last week, reinforcing a growing view in the markets
that the government debt crisis may be stabilizing.

LONDON — The euro spiked to two-month highs against the
dollar after figures suggested that last week's stabilization in
Europe's bond markets had little to do with the European Cen-
tral Bank buying up the debt of the more-indebted countries, like
Portugal and Greece.

European stocks also rose. The FTSE 100 index of leading
British shares closed up 0.8 percent, Germany's DAX rose 0.1 per-
cent higher and the CAC-40 in France ended 0.4 percent higher.

TOKYO — Asian trading was mixed. Japan's benchmark
index snapped a two-day losing streak as investors hunted for bar-

gains, and the Nikkei 225 closed up 0.7 percent. Australia's
S&P/ASX 200 and South Korea's Kospi both rose 0.6 percent and
South Korea's Kospi.

But Hong Kong's Hang Sang dropped 0.3 percent and the
Shanghai Composite index fell 0.7 percent.

LISBON, Portugal — Europe's governments are feeling polit-
ical heat from the continent's financial crisis as the governments
of Portugal and Ireland — two eurozone members forced to
adopt unpopular austerity measures — suffer setbacks over the
weekend.

As voters chafe at the burden of correcting Europe's fiscal
waywardness, attention is turning to upcoming state elections in
Germany where the troubled coalition government may need to
stump up more rescue money to protect the 17-nation euro cur-
rency.

GLOBAL ECONOMIC NEWs

ee ee MO eae oe tee ae aD) | a eam aS

A look at economic developments and activity in
major stock markets around the world on Monday:

TOP TALKS: European Central Bank President Jean Claude Trichet, left,
speaks with Greek Finance Minister George Papaconstantinou during
a meeting of eurogroup finance ministers at the EU Council building
in Brussels, Monday, Jan. 17, 2011.

RIYADH, Saudi Arabia — World oil demand could climb by
about 2 percent this year because of demand from China and
India, but crude prices will remain stable, Saudi Arabia's oil min-
ister predicted.

billion) in new capital to meet new reserve requirements aimed at
strengthening their finances.

CAIRO — Saudi Arabia has no plans to de-peg its currency
from the U.S. dollar, the oil-rich nation's central bank governor
said.

PARIS — French President Nicolas Sarkozy says he will use
France's presidency of the Group of 20 this year to try to tame
volatility in global currency and commodity markets.

LONDON — Cocoa prices shot to a five-month high after
the Ivory Coast, the world's largest producer of the bean used in
chocolate, called for a one-month ban on exports.

BEIJING — China's key wheat growing province of Shan-
dong is facing its worst drought in at least 40 years as a result of
unusually dry weather across northern and eastern China that
stands to put further pressure on surging food prices.

TOKYO — Japan's prime minister pushed to reform the coun-
try's tax and social security systems, including raising the sales tax
as the country faces looming problems with its aging population
and bulging national debt.

BUDAPEST, Hungary — Hungary's central bank raised its
main interest rate to 6 percent from 5.75 percent because rising
fuel prices have led to higher inflation.



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PAGE 10B, TUESDAY, JANUARY 25, 2011

THE TRIBUNE





PREGNANCY is a time of
great happiness and fulfill-
ment for most women. How-
ever, both the woman and her
developing child face various
health risks during the nine
months of pregnancy. It is
during this gestation period
that the expectant mother’s
diet, habits and hormonal
changes impact her health and
that of her unborn child. It is
therefore essential that all
pregnancies be monitored by
skilled healthcare providers
to ensure the health of the
woman during the pregnan-
cy, childbirth and the post-
partum period (weeks imme-
diately following childbirth).

Anecdotally, it is accepted
that approximately 10 per
cent of all women in the age
group 15 yrs — 44 yrs are preg-
nant and, of course, that all
of these women have mouth
changes associated with preg-
nancy. It Some changes are
minor and may go unnoticed,
while others are very notice-
able.

There is a notion that preg-
nancy causes tooth loss (“a
teet pull out for ew’ry baby”)
and that calcium is removed
in significant amounts from
the mother’s teeth to supply

the unborn child’s needs.
There is no scientific evidence
to support this. Calcium pre-
sent in the teeth is ina stable
crystalline form, and as such,
is not available to the systemic
circulation.

DENTAL CAVITIES

There exists a relationship
between dental cavities and
pregnancy, although it is not
well defined. Pregnancy does
not directly contribute to cav-
ities; an increase in cavities
during pregnancy can be
attributed to a rise in local
cavity forming factors. This
rise occurs because pregnancy
commonly causes an increase
in appetite and often a craving
for unusual foods. When
these cravings are for foods
which can cause cavities in the
absence of proper oral
hygiene, the pregnant woman
increases her risk of getting
cavities at this time.

WOMAN

Pregnancy and your mouth

MORNING SICKNESS VOMITING
Sometimes in pregnancy,
teeth can become worn away
because of stomach acid
washing over them. This can
occur as a result of repeated
morning sickness vomiting or
esophageal reflux disease. It is
advisable for an expectant
mother to rinse her mouth
with water immediately after
vomiting to remove the
residue stomach acid from the
mouth thereby reducing any
potential damage to teeth.

GINGIVITIS

Gingivitis (inflamed gums)
is the commonest mouth
change associated with preg-
nancy. It has been reported
to occur in 60 per cent - 75
per cent of all pregnant
women. Gum changes usually
occur in association with poor
oral hygiene and local irri-
tants, especially plaque. How-
ever, the hormonal and vas-
cular (blood vessels) changes
that accompany pregnancy
often exaggerate the inflam-
matory response to these local
irritants. Gum changes are
most noticeable from the sec-
ond month of gestation,
reaching a maximum in the

eighth month. These changes
occur earlier and more fre-
quently to the front of the
mouth. The severity of the
gum disease lessens after
childbirth, but the gums do
not necessarily return to its
pre-pregnancy condition.

PREGNANCY TUMORS

In addition, pregnancy may
also cause single, tumor-like
growths on the gums in 10 per
cent of pregnant women. It
usually occurs on the gum
that is between the teeth or
other areas of frequent irri-
tation. This localised area of
gum enlargement is called a
pregnancy tumor, epulis
gravidarum or pregnancy
granuloma. Generally, the
lesion will regress after child-
birth; however, surgical
removal is often required for
complete removal.

HORMONAL ALTERATIONS
Hormonal alterations asso-
ciated with pregnancy some-
times also cause dry mouth
and drinking more water and
chewing sugarless gum can
help. These hormonal changes
can sometimes also cause
pregnant women to have
excessive secretion of saliva. It

usually begins at two to three
weeks into the pregnancy ges-
tation and may abate at the
end of the first trimester. In
some instances, it continues
until the day of delivery.

PERIODONTAL DISEASE

All pregnant women want
the best for themselves and
their unborn baby and must
be aware of all the factors that
can influence their baby’s
health. A preterm birth is one
common cause of low birth
weight, which has unwanted
health impacts of a newborn.
Maternal risk factors for
Preterm Low Birth Weight
(PLBW) include: age, low
socioeconomic status, alcohol
and tobacco use, diabetes,
obesity, hypertension and
genitourinary tract infections.
PLBW results in significant
morbidity and mortality of
infants.

Recent research suggests a
previously unrecognised risk
factor for PLBW. Periodontal
disease is that risk factor.
Health care for the pregnant
woman should therefore
include an assessment of her
mouth and gums. If diag-
nosed, periodontal disease

must be treated. It should
include a thorough cleaning
or scaling and a root planning,
to decrease the infection and
subsequent inflammation
caused by the disease. This
will reduce the risk of PLBW
and the unwanted health
impacts it has on the new-
born.

It is important then, if you
are pregnant or considering
becoming pregnant, that you
seek a consultation with your
dentist and doctor for a com-
plete comprehensive assess-
ment. Your unborn child is
your most precious gift.

“This article is for informational
purposes only. It is not intend-
ed and may not be treated as, a
substitute for professional
medical/dental advice, diagno-
sis, or treatment. Always seek
the advice of a physician or
dental professional with any
questions you may have
regarding a medical/dental con-
dition. Never disregard profes-
sional medical/dental advice or
delay in seeking it because of a
purely informational publica-
tion.”
Dr André R Clarke
Specialised Medical Dentist





ye

heasons to get exercising again!

HAVING a hard time
convincing yourself that you
should be exercising? Well,
the health benefits are indis-
putable. But just in case
you're not aware of them,
I've decided to list some of
them here for you, in no par-
ticular order.

Plus, I've listed 5 ways you
can motivate yourself to pick
up this life extending habit
and give yourself the mental
kick in the pants that you
need to stop procrastinating
and get up off the couch.
Exercise :

1, Strengthens Your Heart
- Regular exercise strength-
ens your heart (A muscle),
lowers blood pressure,
increases "good" cholesterol
and lowers "bad" cholesterol,
promotes blood flow; and
helps your heart function
more efficiently. All of these
benefits reduce the risk of
stroke, heart disease, and high

blood pressure;

2. Prevents Obesity. Over-
weight and obese conditions
can be prevented or treated
with exercise along with a
healthy diet. Activity helps to
reduce body fat and increase
muscle mass, thus improving
your body's ability to burn
calories. The combination of
reduced calories and daily
exercise is the ticket to weight
loss. And controlling obesity
is critical, as it is a major risk
factor for many diseases.

Lowering your body mass
index (BMI) is asure way to
reduce your risk of dying ear-
ly and to live a healthier life.

3. Manages or Prevents
Back Pain. Back pain can be
managed or prevented with a
fitness program that includes
muscle strengthening and
flexibility. Having good pos-
ture and a strong abdomen
is the body's best defense
against back pain.

4, Helps prevent Osteo-
porosis. Weight-bearing exer-
cise (such as walking, jogging,
stair climbing, dancing, or lift-
ing weights) strengthens bone
formation and helps prevent
the osteoporosis or bone loss
often seen in women after
menopause. Combine a diet
rich in calcium and vitamin
D with regular weight-bearing
exercise for maximum results.

Now that you know why
you should be exercising,
here are 5 ways to motivate
yourself to “just do it”:

1. Take a good look in the
mirror, Get naked and stand
in front of a full-length mir-
ror. Take a good look from

the front, turn to the side,
and even turn around and
look back over your shoul-
der at your backside. If you
need to lose even 10 pounds,
the mirror will be more than
happy to show them to you.

2. Put away your “loose”
clothes, It's a lot easier to put
off exercising when you can
hide underneath clothes that
make us feel like you're not
as out of shape as we really
are, Take all of the clothes
that allow you to hide your
extra pounds and put them
in a box.

3. Turn it into a social
experience. You have a
friend, a neighbor, a co-work-
er, or a family member who
also needs to lose weight, so
grab a partner join a fitness
club and make a solemn pact
to force each other to stick
to it.

4. Use it as an excuse to
get “me” time. Think of your
exercise time as an invest-
ment in “You Inc.” Sched-
ule your exercise time as you
would any other important
appointment and don't let
anything come between you
and this appointment with
yourself. Plus, the return on
investment is “off the
charts.”

§, Do it for “Them”. Who-
ever “Them” may be - your
kids, other family members,

You have a friend, a neighbor, a coworker, or a family member
who also needs to lose weight, so grab a partner join a fitness
club and make a solemn pact to force each other to stick to it.

friends etc. Believe it or not,
some people love having you
around. Don't short change
your experiences with them
because of poor health due
to inactivity and bad eating
habits.

There you have it. Now
you know. Do something
about it. Get active. Set some
fitness goals and get moving.
See you at the park!

All information contained with-
in this column, is for informa-
ional purposes only. It is not
intended to diagnose, treat,
cure, or prevent any health
problem - nor is it intended to
eplace the advice of a physi-
cian. Always consult your
physician or qualified health
professional on any matters
egarding your health or on
any opinions expressed within
his column. All opinions
expressed on this site are
solely the author's.

The author operates Outdoor
tness Bahamas OFB. Out-
oor Fitness Bahamas offers
ness sessions, nutritional
ounseling and motivational
raining packed with fun and
energizing activities in the
great outdoors designed to
help you reach your fitness
goals. He can be reached at
432-4026 0 429-9806, email

estenm









outdoortitnessbahamas@qmai
com 0





website outdoorfit-
nessbahamas.com.





Simple ways parents
can help relieve Kids’
cold and flu discomforts

(ARA) - Any parent who's
sat up through the night with a
sick child knows relieving their
symptoms is only part of your
mission. Easing the discomforts
of cold and flu for your little
one is a number 1 priority.

“Watching your child suffer,
even if it's from something as
minor as a nose that's sore and
chapped from repeated blow-
ing, is a terrible feeling for any
parent," says Dr Tanya Remer
Altman, a mother and pedia-
tician who is a best-selling
author and spokesperson for
he American Academy of
Pediatrics.

"Relieving the discomforts
related to cold and flu not only
helps kids feel better, it also
reduces stresses for their par-
ents."

"Dr Tanya," as she's known
o her patients and the millions
who've seen her on the Today
Show or who follow her blog,
offers some tips to help parents
make children feel more com-
ortable while fighting a cold
or the flu:







e Flu vaccines are recom-
mended for everyone 6 months
and older, but it's not unusual
for children to fear a shot. Ask
your pediatrician about giving
your child the flu vaccine in a
nasal spray form. It's available
for children 2 and older, and
provides the same protection
and safety as the traditional flu
shot.

eYour mother probably
swore by chicken soup and she
was on to something. Serving
sick children chicken soup not
only gives them the benefit of
nourishment while their bod-
ies are fighting a virus, studies
show chicken soup has anti-
inflammatory properties as
well. Plus, it's a popular comfort
food that most kids love.

¢ Sore, chapped noses add to
the discomfort of having a cold.
Tissues with added lotion, like
Puffs Plus with Lotion, can help
prevent chapping from frequent
nose blowing and wiping. The
strong, lotion-filled tissues can
help children get more out of
their nose blowing, ensuring
they're confident they can blow
without getting anything “icky"
on their little hands. You can
also use petroleum jelly or
unscented ointment to soothe
the irritation and discomfort.






















e Another way to help
relieve a stuffy nose is to try a
few drops of nasal saline and
gentle suctioning. A cool mist
humidifier and a liberal appli-
cation of Vicks on children old-
er than 2 can also help, espe-
cially at night when lying down
can make a child feel stuffy.
Remember, however, never to
use Vicks on children younger
than 2 years old; it may actual-
ly increase the mucus in their
airways.

¢ Frequent hand-washing is
important to prevent the spread
of viruses. Yet washing your
hands a lot, especially in cold
weather, can leave them dry,
sore and cracked. Teach your
children to wash their hands
while singing "Wash, wash,
wash your hands, wash them
every day.

Wash them with water and
wash them with soap to wash
the germs away" to the tune of
“Row, row, row your boat."
Then follow up with a sooth-
ing lotion. You can find many
fragrance-free varieties spe-
cially formulated for children.

e¢ When your child's throat
is sore, he might be unwilling to
eat or drink much. Offer a sug-
ar-free fruit Popsicle instead.
The coolness can help ease a
sore throat, your child will get
some hydration from the frozen
juice and he'll feel like he's get-
ting a special treat.

¢ Make trips to the doctor's
office fun by bringing a book
or toy to keep your child occu-
pied, and a snack in case she
gets hungry. A special reward
or treat after the visit is also a
nice tradition.

Finally, don't overlook your
own mental comfort as well:
call the doctor if you feel your
child's symptoms are worri-
some. "Parents often tell me
they thought about calling, but
didn't want to be a bother," Dr
Tanya says.

"Most pediatricians are par-
ents too, and they would rather
take a few minutes to reassure
you that your child's cold symp-
toms will improve on their own
than to not have you call about
your sick child who really needs
to be seen. Your pediatrician
is there to help you, so if you
feel something is important,
pick up the phone and call."



=

TO DISCUSS STORIES ON THIS PAGE LOG ON TO SLUTTY ORR I





THE TRIBUNE

‘\C bacon

A spotlight on the talented @

women in our community

H C ii ni Mres |
ilde

LAE

By ALESHA CADET
Tribune Features Reporter

TBSOSBLENZANDP,

fenovo

person can put themselves through, Jan Johnson has never

A LTHOUGH it can be one of the hardest mental challenges a

ad a dull moment in her body building career. And just last

Even though she has competed against
others, the battle was always about
beating herself, becoming a winner through
her own eyes while trying to make new
improvements.

Ms Johnson sat down with Tribune
Woman explaining that she was always
athletic m school and always participated
in track and field events like the 100m
200m, relays, long and high jump. As an
adult she did soccer for a while.

The 46- year -old says that it was just
years ago when she became inspired in
Freeport at the Goombay Festivals in the
International Bazaar. She says they would
have Bahamian singers, dancers, and also
have bodybuilders perform getting a good
reaction from the crowd. "It was there
where I saw Melanie Feaster and Wendy
Willis do their thing on stage. I was fasci-
nated by what they were doing and I also
liked the fact that they had an athletic
toned body with firm shapely leg.

“They inspired me, initially because they
were having so much fun with what they
were doing. I didn't even know at that
point that I would be doing the same thing
years later. | met with Melanie Feaster
and asked her to please help me to get
those legs she laughed and I was soon
working out with her and Sol Frazier.
‘Whenever I run into Melanie or Wendy I
always give them a hug, they have been
wonderful people to me."

She went on to say that at one point in
her mid 20's, she was just eating every-
thing and enjoying life which had caused
her to gain some weight. "I stared to have
irregular heart beats and after a series of
tests was told to lose some weight. By fate,
I met Flint Bridgewater who was one of
the country's best body-builders and he
wanted to help me lose the extra weight.
He taught me how to diet and train to
burn the body fat and fo replace it with
muscle. After a dare, entered my first
show around 1990/199 (aid I loved it. Not
long after that I becarm@ithe reigning light
weight champion for th@@ountry and w,
added to the Bahamas Bo@ybuildi
fitness team where I started mpete
internationally along with the team."

Going further she added: " At this level,
I met Maxine Darville and Della Thomas
and they became my driving force. We
would have a rivalry with Freeport against
Nassau. The girls from Freeport had Max-
ine and Della to try to beat and Nassau
had the Bridgewater brothers out of
Grand Bahama to deal with. That was my
most enjoyable years in bodybuilding
when it came to competing nationally. I
have been trained by some of the best
trainers like Henry Charlton, Quinton
Gray, Dwight Palacious, Baldwin Darling,
Charles Lundy assisted me at some point
and I hope I didn’t forget anybody. Joel
Stubbs, Della Thomas, Charles Johnson,
Delroy Dennis helped me with training
after I made a come back from a break. So











year, the 46-year-old banker added another feather in her body
building cap when she won The Body Fitness Athlete of the Year
award at the Bahamas Bodybuilding Fitness Federation (BBFF)
competition.

T have always had help from friends and
teammates over the years and I thank
them for that."

Ms Johnson tells Tribune Woman that
she retired around 1997/1998 after com-
peting throughout the Caribbean, Central
America, United States, Belgium at the
World Competition level and Italy at the
‘World Competition level.

“T retired because I had gone as far as I
could go at my size. In order for me to be
better on the high level I would have need-
ed to add additional muscle mass and I
did not want to do that and lose my femi-
ninity. Plus I was traveling so much and
felt that I needed a break. I then switched
to judging for a few years. I had a son dur-
ing my time off from the sport who is
almost eleven now. I made a come back in
2008 and won the Antilles Caribbean Body
Figure Overall title held in Turks and
Caicos and different Caribbean countries
participated."

“T won the Australian Pro/Am Figure
title in 2008 that show was held in Mel-
bourne Australia. I placed fourth later that
year in the CAC's that was held here in
Nassau, but it was harder for me to stay
focused for that show due to circumstances
beyond my control. Even though I didn’t
go into the show feeling 100 per cent I did
it, did my best, and that was all I could do
at that time. I took 2009 off and came back
in 2010 and won my division at our nation-
als, made the team and competed at the
CAC's in Aruba where I made it to the
finals. That show was so hot and had so
many athletes it was a job within itself just
being a finalist. | missed the bronze metal
by 4 points. The driving force for me has
always been having lean legs and until I can
get my package right and correct that area
its contiflyes to be a stubborn body part
and a chali@mge for me."

Bodybuilding can be time

work. One co-worker
that and we jog the bridge whenever we
can."

She tells us this is the first time she has
won The Body Fitness Athlete of the Year
award at the Bahamas Bodybuilding Fit-
ness Federation (BBFF) competition and
she has also won bodybuilder of the year a
few times before over the years. "I started
out as a bodybuilder and switched to figure
when I made my come back in 2008."

‘When preparing for contest such as that
one, Jan works out mainly at BodyZone
and trains at Club One Bahamas formally
Bally's Total Fitness and Mystical Gym.

TUESDAY, JANUARY 25, 2011, PAGE 11B

"T train 7 days a week leading into a
week out from a show, I add rest days if
needed. I increase my cardio to burn fat
and make sure that my diet is very clean
the last few weeks of a show. The goal is to
strip off as much bodyfat as possible. It’s
helpful to have a tramer, teammate or a
friend there to help you because your ener-
gy level is sometimes low and they give
you that extra push," she said.

“Our diet is very individual and depends
on the person’s body type. Some people
don’t really diet per se because their metab-
olism is so fast. They usually have to con-
sume large amounts of food just to hold
their size. For others they do a little off
season where they eat a wider variety of
foods- the clean up the diet or eliminate
certain foods once they start their contest
prep. Contest prep will be easier if you
control what you eat and don’t allow your-
self to gain to much body fat in your off
season. Some people diet year round."

Giving advice for Bahamian women
wanting to start body building, she said
the main thing is for the person to link up
with another body builder that competes,
She got connected with Mr Flint Bridge-
water, a well known body builder from
Freeport.

Apart from the Bahamas, she won sev-
eral metals and awards at shows through-
out the years in just to name a few places
Bermuda, Aruba, Costa Rica, Jamaica,
Barbados Belize, Florida, New York and
Dallas.

‘When asked how long she plans to stay
in the fitness world, Ms Johnson said she
wants to be ‘fit for life.’

"I have seen the benefits of diet and
exercise and I think that I am an example
to others m my age bracket that it helps to
slow down the aging process."

BEAUTY ALL AROUND THE WORLD

Jan Johnson has competed in numerous competi-
tions around the world such as Australia, Belgium,
Italy, New York, Florida, Texas, Bermuda, Costa
Rico. She has made several guest appearances in
Belize, Jamaica, Puerto Rico, Aruba, and Barbados.

Even though she works

as a banker it does not sss

interfere with her pas-
sion for bodybuilding.

She went on to say that The Bahamas
has excellent bodybuilders and fitness ath-
letes that have proven that they can be
the best in our region time and time again.
"We are the best and I am not taking away
from any other countries athletes because
they come ready and they are good and we
have countries we know we have to watch
out for, but the only way we are not the
best is if we don’t carry our A Team. We
are not always able to take an A team
because there are athletes who decide to
sit out for various reasons but if we have
our A Team we dangerous. Raymond
Tucker has won more metals probably
than any other CAC athlete throughout
our region."

"We are not recognised on the level as
other athletes. We have pro bobybuilders
and Fitness. When I come through our
international airport I would like to see
Bahamian bodybuilders lined off with
everybody else. We have the same pride as
anybody else when we travel in the

Bahamas uniform with the Bahamas flag. ~

‘We cry the same tears when we do well
and we want the same respect.

"It takes a whole lot of people’s help
for me to reach where I have in my body-

building career and with contest prep for ,

each show. I have to do a general thank
you because the names are many. Thanks
to Phil’s Food Services for his donation
with regards to helping a bodybuilder and
a little of the funds trickled down to me.
Sponsorship is so important to all of us
so I encourage corporate sponsors to assist

whenever possible, you never know when ~

you might need a good personal trainer.
Also mention goes out to Edwardo

Thompson who keeps me injury free and ,

Debbie Richardson who gets me to the
places where I need to be."



































TO DISCUSS STORIES ON THIS PAGE LOG ON TO See ey oR O07 I





be

























By JEFFARAH GIBSON
Tribune Features Writer



was only validating his

suspicions of his wife's
affair when he went through
her e-mails. But little did he
know the possibility of facing
five years in prison for snoop-
ing existed.

In this potential precedent-setting case
which broke late last year, the Michigan
man who is also a computer technician is
being charged with felony misuse of a com-
puter. Prosecutors in the case argue that
Walker illegally hacked into his wife’s com-
puter after she filed for divorce.

However, he claims it was relatively easy
to get the password to her account because
she kept it in book next to her computer.
His attorney said claims made by the Pros-
ecution in the matter takes the law of com-
puter abuse out of context as it is really
meant to protect trade secrets and credit
data.

From this case a number questions aris-
es in regards to privacy between spouse,
what is acceptable and what is not.

Le Walker thought he



THE TRIBUNE

man TUESDAY, JANUARY 25, 2011

CTION B® HEALTH: Body and mind



‘Was it morally acceptable for Mr Walk-
er to snoop through his wife’s e-mails even
if he had a good enough reason to do so. Is
it okay to go through your partners e-mails,
cell phone, hack their facebook accounts or
even read letters addressed to them with-
out permission?

Tribune Woman spoke to a few persons
gave different point of views on the issue of
snooping.

“Tf they don't give you the permission to
do so I say leave it alone, cause the next
thing you know they end up like this man
who might face jail time for this,” one per-
son who wished to remain anonymous said.

Is there ever a good enough reason to
snoop at all?

Jonae Reckley said that if she is in a
relationship and she is not given a reason to
snoop then she won't.

“T would only snoop if I had reason to
snoop other than that no because in a rela-
tionship there should be trust,” she said.

However she said that if there ever was
a situation where she was left feeling inse-
cure in the relationship then she would.

“If the guy gives me a reason to stop
trusting him then I would. Although it may
violate his rights to privacy I would still
do it to protect myself from further hurt,”
she explained.

If she suspects her partner is seeing
someone else, Janine Clarke prefers to
confront her partner than go snooping.

“T do not agree with that at all. If you
have the feeling sometime its not far from
the truth. I would not go through their
phone or e-mail or anything like that
because I might just find somethmg and be
disappointed by all that,” she said.

Stacey Simms* says she prefers to know
what is gomg on so if it means snooping
that is something she just has to do.

“T have been through all of this. At one
point I thought that my ex - boyfriend was
cheating and I went through his cell phone,
I checked his e-mails. I did everything.
Even went as far as following him when-
ever he left the house, and I did in fact
found out that he was seeing someone else.
It may not be right, but crying myself to
sleep every night and having a broken
heart wasn’t right either.”

Valentino Rahming said: “I don’t think
its okay to snoop on your partner because
when you're in a relationship it requires
that you trust your partner. Snooping basi-
cally shows how insecure the person is or
the lack of trust that they have in the oth-
er individual. If there is a situation that's
going on that makes you suspicious, there
is no need to snoop, just ask questions and







from the response that you get you can
make a decision,” he said.

Teresa Bishop said she will not snoop
but has had it done to her before.

“My take is this, if you have doubts you
don’t really need to check, confront your
partner and ask to see the phone, or e-
mail, if they deny you, then that is confir-
mation.

Matter of fact, I went on a lunch date
recently, I went to the rest room and came
back quickly and met my date going
through my phone and I told him that he
could look because I didn’t have anything
to hide. But it turns out that he was seeing
two other people so he was being insecure
because he knew what he was doing,” she
explained.

Though there might not be a reason that
justifies snooping, some people feel that
being in the “know” and relieving them-
selves of hurt and pain is their only justifi-
cation.

Has anyone snooped on you ? Have
you snooped on anyone ?If so e-mail us at
features@tribunemedia.net or call us at
502-2373 and tell us your story.

* Names have been changed.



was only validating his suspicions of his

Ir when he went through her e-mails.

Leon Walke @ idati i ici

q
q

Ui

Zz q i an
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TUESDAY, JANUARY 25, 2011

The Tribune



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Your Commissioner

neets YOU



Police chief calls on public
in 2011 fight against crime

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

as we recommit to making our communities
safe places to live, work, visit, and play.”
Although 94 murders were recorded in 2010,

POLICE Commissioner Ellison Greenslade
yesterday issued a rallying call for citizens to
do their bit in making the Bahamas a safer place
to live.

After revealing the crime statistics for 2010,
the country’s top officer promised greater efforts
to enhance public safety in 2011.

And in his call for public help, he said: “I call
upon all well-meaning citizens to stand with us

Nineteen officers sacked last
year after public complaints

Commissioner Greenslade said there was an
overall decrease in crimes against the person
of two per cent when compared with the statis-
tics of 2009.

Murder, attempted murder, and manslaugh-
ter all saw dramatic increases in 2010. Armed
robbery, robbery, and attempted robbery like-
wise increased year over year.

The cases of rape, attempted rape, unlawful
sexual intercourse were the only crimes against

By NOELLE NICOLLS
Tribune Staff Reporter
nnicolls@tribunemedia.net

NINETEEN police officers
were sacked from the Royal
Bahamas Police Force in 2010
after complaints from the pub-
lic.

More than 50 per cent of the
90 Police Tribunal matters com-
pleted last year ended in con-

victions, including the 19 cases
resulting in termination. Twen-
ty cases were withdrawn and
24 cases were dismissed, due to
lack of evidence or for other
reasons.

Deputy Commissioner of
Police Marvin Dames, who has
responsibility for discipline, pre-

SEE page nine

Pi ot en

TUES ge

——_—

THE SMART CHOICE

when you are hungry for a value




CONFISCATED FIREARMS on

Tribune Staff Reporter

committed with the use of

ing at the Paul Farquhars

pturnquest@tribunemedia.net

OF the 94 murders that took place in
the Bahamas in 2010, 66 of them were

officials revealed during their press brief-

the person that saw decreases in 2010.
Addressing the media at his annual “Meet
the Press” session at the Paul Farquharson Cen-
tre at Police Headquarters yesterday, Commis-
sioner Greenslade said that notwithstanding the
overall decrease in serious crimes against the
person in 2010, the record number of 94 murders
eclipsed the positive contributions made by offi-
cers who worked very hard to prevent the esca-
lation of serious crimes against the person.

SEE page nine

display yesterday.

By PAUL G TURNQUEST

By NOELLE NICOLLS
Tribune Staff Reporter
nnicolls@tribunemedia.net

firearms, police

on Conference



RALLYING CALL: Police Commissioner Ellison

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“Each category for the year 2010 has yield-

SEE page nine

Tim Clarke/Tribune staff

_ BRAND NEW HOME
_ GIFTED TO ELDERLY
_ FIRE VICTIMS

: By AVA TURNQUEST

Tribune Staff Reporter
; aturnquest@tribunemedia.net

ELDERLY fire victims

? were overwhelmed with joy
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PAGE 2, TUESDAY, JANUARY 25, 2011 THE TRIBUNE



LOCAL NEWS

Fire hits Cable Beach
traw market again

Vendors fear further delays in moving to rebuilt facility

By CELESTE NIXON
Tribune Staff Reporter
cnixon@tribunemedia.net



YET another fire at the Cable Beach straw market threatens
to create further delays for vendors anxious to move into the
rebuilt facility.

Sources say smoke was seen coming from the rebuilt straw
market just before 10pm on Sunday.

Bystanders contained the fire using bottles and jugs refilled
at anearby water pump until fire engines arrived on the scene.

Only one stall was damaged in the blaze and it has not been
determined whether the incident will affect straw vendors
moving their merchandise into the building, which they had
hoped to do later this week.

“T have yet to receive a report on the fire and cannot com-
ment as to whether the date will be pushed back,” said Neko
Grant, Minister of Public Works and Transport.

Anxious vendors who work in the straw market, which burnt
to the ground last May, have eagerly awaited the completion of
the replacement market promised to them more than six
months ago by the Ministry of Works.

The single-story straw market which housed 43 vendors just
west of Commonwealth Bank on West Bay Street, was com-
pletely destroyed by suspected arson attack eight months ago.

Merchandise being stored at the building at the time was also
lost in the devastating fire.

Scheduled

The new facility, which will house 50 stalls, was originally
scheduled for completion in early August of last year.

However, six months later vendors have yet to set up their
stalls and are worried Sunday’s fire will result in further delays.

“This is really hard, it is our livelihood,” said Janet Prosper.

About half of the 43 Cable Beach vendors have set up wood-
en stalls next door to the market and continue to sell their
straw crafts and merchandise.

“Business is still good and the tourists like having us here”
said another vendor.

She said: “We have not been given permission to be here but
I cannot sit around and wait for the government — I need to
work, I have bills to pay.”

According to Ms Prosper, more than 20 vendors have been
jobless since the fire last year and are waiting for the rebuilt
straw market to open so they can return to work.

“Tt has been eight months, my cry is for those vendors who
are not here, how can they pay their bills? asked Ms Prosper.

“Tt has been long, we are always told next week. We need to
know what is going on,” said another vendor.

Felipé Major/Tribune staff



When asked about the delay, Minister Grant told The Tri-
bune: “We faced unavoidable challenges and it’s regrettable that
the building has taken so much time.”

Mr Grant said there is still a chance the vendors will be able
to set up shop in the building this week.



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A19 YEAR OLD accused
of murder, housebreaking and
stealing was arraigned in
Magistrates Court yesterday.

George Fox Jr, of Glendale
Subdivision, was charged in
the murder of Kendrick
Smith.

A 16-year-old boy of Lud-
low Street and 18-year-old
Kirk Romeo McPhee of But-
tonwood Avenue have
already been charged in con-
nection with the murder.
Smith was killed on Septem-
ber 22 last year. He was
stabbed outside his home in
the Churchill Subdivision off
Soldier Road.

Fox, who was represented
by attorney Roberto Reckley,
was not required to enter a

plea to the charge when he
appeared before Deputy
Chief Magistrate Carolita
Bethell in Court Eight, Bank
Lane.

Fox is also accused of
breaking into two homes at
Fraiser Allotment on January
18.

There, it is alleged, he stole
nearly $3,000 in cash and elec-
tronics.

Fox pleaded not guilty to
these charges.

He is expected to appear in
Court Five today.

His attorney informed the
court that Fox had been in
police custody since last Tues-
day and claimed the accused
was beaten during that time.

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





THE TRIBUNE

TUESDAY, JANUARY 25, 2011, PAGE 3



LOCAL NEWS



Rev Moss: Bahamas on target
for a record year of crime

THE Bahamas is already on target
for another record year of crime and
violence, Rev CB Moss has warned.

In astatement issued yesterday, Rev
Moss, executive director of the activist
group Bahamas Against Crime, said
that having recorded nine homicides
and many other very serious crimes
in the first few weeks of 2011, the
country appears to be well on the way
to another “disastrous year of crime”
and a new record in homicides — the
fourth in five years.

Rev Moss said: “Bahamas Against
Crime extends condolences to the
bereaved relatives and friends of the
deceased, and sympathy to all those
who have been victimised in any way
by crime.

“The landscape of the nation is
stained by the violently spilled blood
of our people, and is becoming even
more drenched as the blood flows
more freely.

“This situation must be arrested and
reversed immediately if a disaster of
catastrophic proportions is to be
avoided.”

Rev Moss urged government to
place some of its financial and human
resources into programmes and pro-
jects already developed by Bahamas
Against Crime, which he said will
“almost certainly begin to reverse the
near overwhelming tide of crime and
violence.”

“The human component is being
neglected to the nation’s peril. More
must be done and done now,” Rev
Moss said.

Bahamas Against Crime also called
on the business, religious and civic
sectors, as well as other stakeholders,
to recognise the “critical danger” in
further delay.

The statement warned all Bahami-
ans not to wait until crime invades
their lives before joining the battle.



“The landscape of
the nation is stained
by the violently
spilled blood of

our people, and is
becoming even
more drenched as
the blood flows
more freely.”

Rev CB Moss

“Tt will likely be too little, too late.”

Rev Moss said he wants to remind
all his fellow citizens that “evil tri-
umphs when good men and women
do nothing.”





Man gunbutted and shot in armed robbery

A MAN is in hospital after
being shot in one of a string
of armed robberies over the
last few days.

On Saturday night, just
before 11pm, two men
approached the victim out-
side Envy Pool Hall in Nas-
sau Village.

One of the men produced
a handgun and demanded
cash.

The culprits robbed the

ADVERTISING
daa aie
ALLOCATED

Beaty
wih

WITH the completion of
the new US Departures Ter-
minal at Lynden Pindling
International Airport
(LPIA) approaching, the
Bahamas Airport Advertis-
ing (BAA) company is in
the process of allocating
advertising spaces for Phase
I

BAA president John
Charles Bethel said he has
already been inundated with
phone calls and emails ask-
ing for advertising place-
ment in Phase I of the air-
port transformation.

BAA first started work
with the Nassau Airport
Development Company

man, gunbutted him, and
then fired several shots, hit-
ting him in the arm

The victim was rushed to
hospital, treated and later
discharged.

A few hours later, police
were called to the scene of
an armed robbery at Lobster
Avenue off Baillou Hill
Road.

A man was arriving at his
home when he was

approached by a gold Honda
occupied by two men, one of
whom produced a handgun
and demanded cash.

They made off with the
victim’s car and an undeter-
mined amount of cash.

Less than an hour later,
officers responded to anoth-
er report of an armed rob-
bery, this time on Sixth
Street in Coconut Grove.

A family reported being

awoken by three men, one
of whom was holding a
handgun and demanding
cash.

They made off with an
undisclosed amount of mon-

ey.
At around 9.30pm on Sun-
day night, a single armed
man tried to rob the Wendy’s
on Carmichael Road.
The culprit entered the
establishment wearing a



FROM LEFT: JOHN Charles Bethel, eidet of Bahamas Airport Advertising; Vernice Walkine,
vice-president of marketing and communication at the Nassau Airport Development Company,
and John Spinks, vice-president of commercial development at NAD.

(NAD) in 2007 in an effort
to transform the old airport.

“The first phase is truly
remarkable work of archi-
tecture, engineering and
functionality. Every
Bahamian will be very
proud of owning the most
premier airport in the
Caribbean. We are very
excited to be part of the
team responsible for putting

the best technology and
advertising presentations
together for our clients in
the new airport,” Mr Bethel
said.

The new US Departures
Terminal is estimated to
have more than 2.2 million
arriving and departing pas-
sengers.

“With the airport set to
open Phase I by early

One year on, death penalty
appeal has still to be heard

NEARLY a year after it was determined
that Godfrey Sawyer should receive the death
penalty, his appeal has still not been heard.

Sawyer’s appeal hearing was scheduled for
yesterday however the matter had to be
adjourned again as it was revealed that Sawyer
did not have an attorney to represent him.

Sawyer, 30, is appealing his conviction and
sentence for the murder of Sterling Eugene
during an armed robbery at Quality Discount
Store in 2005. At his sentencing hearing in
November 2009, then Senior Justice Anita
Allen described the crime as the "worst of

the worst."

Mr Eugene was shot in the back and but-
tocks as he was trying to get off the ground fol-
lowing a struggle in which the victim and
another employee tried to stop a robber from
making his escape with the store's cash trays.

tation.

Sawyer’s hearing was adjourned to February
11 when it is expected that he will be repre-
sented by a court appointed attorney.

Attorney Jerone Roberts had been appoint-
ed to represent him and, as the appellate
court noted yesterday, attorney Wayne
Munroe had submitted skeleton arguments on
behalf of Sawyer, although the inmate had
said he did not want Mr Munroe’s represen-

Last February the Ministry of National
Security announced that the Advisory Com-
mittee of the Prerogative of Mercy had met

and determined that Sawyer's case was not

cution.

one that warranted mercy and advised that
the law should take its course.

It was subsequently announced that Sawyer
had filed an appeal that would delay his exe-

Police officers, nightclub security guards
charged with causing grievous harm

THREE police officers and
two nightclub security guards
accused of causing grievous
harm to man while at a night-
club were arraigned in a Mag-
istrate’s Court yesterday.

Police officers Derrick
Sands, 29, of New Hope Dri-
ve; Forrester Carroll, 38, of
Charles Saunders Highway;

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

and Van Farrington, 31, of
August Street were arraigned
before Magistrate Carolita
Bethell in Court Eight, Bank
Lane.

The men have been
charged, along with nightclub
security guards Kevin Barr,
25, and Demarto Wilkinson,
26, with causing grievous

harm to Jervis Whyms while
at Charlie’s Nightclub, East
Bay Street.

The men are also accused
of stealing $136 from Whyms.
They all pleaded not guilty to
the charges and were grant-
ed bail in the sum of $7,500.

The case has been
adjourned to January 31.

March everyone is incredi-
bly excited and very proud
of the construction compa-
nies and teamwork of NAD
to bring this facility togeth-
er for the Bahamas,” said
Vernice Walkine, NAD
vice-president of marketing
and communication, and
John Spinks, NAD vice-
president of commercial
development.



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black hooded jacket and gun-
butted a man.

This caused the employees
and customers to all run for
the doors.

According to the police,
the culprit decided to make
his escape from the now
empty restaurant as well.

Police are also investigat-
ing a report of a stolen 1997
silver Honda Accord, licence
plate number unknown.

"Replacing your shocks
and struts will keep
your vehicle riding like
new. Have therm
inspected every

12,000 miles."

ANDRE BIRBAL
SEX TRIAL IS
ADJOURNED

By DENISE MAYCOCK
Tribune Freeport
Reporter

dmaycock@
tribunemedia.net

FREEPORT - The
Andre Birbal sex trial
was adjourned yesterday
after a witness for the
defence did not show up
to testify in the Supreme
Court.

Justice Hartman Long-
ley, who is presiding over
the matter, dismissed the
jury and adjourned the
matter to this morning.

Sergeant Brown, an
officer stationed in Aba-
co, was expected give
evidence in the trial on
Friday, but was not
called to testify.

She was expected to
return on Monday.

Arrangements have
been made for Sgt
Brown to travel back to
Freeport today.

Birbal, a former art
teacher, is accused of
having sex with two of
his male students at the
Bight Mile Rock High
School.

The 48-year-old is
charged with eight
counts of unnatural sexu-
al intercourse with two
minors.

It is alleged that the
incidents occurred
between January 2002
and June 2007 with one
boy and between Sep-
tember 2002 and Decem-
ber 2005 with the second.

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PAGE 4, TUESDAY, JANUARY 25, 2011

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

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

Hezbollah moves to control Lebanon govt

BEIRUT — Iranian-backed Hezbollah
moved Monday into position to control the
next Lebanese government when the Shiite
militant group secured enough support in par-
liament to nominate the candidate for prime
minister.

Protests by Hezbollah's Sunni rivals erupt-
ed quickly and they declared a "day of rage”
Tuesday against "Persian tutelage” over
Lebanon — a reference to Hezbollah's patrons
in Iran. Monday's protests were widespread,
but there were no immediate reports of casu-
alties or serious violence.

Nearly two weeks after Hezbollah brought
down the unity-government led by Western-
backed Sunni Prime Minister Saad Hariri, it
lined up the needed backing of at least 65 of
128 parliament members to nominate billion-
aire Sunni businessman Najib Mikati to form
the next government. Voting in parliament on
the new candidate began Monday and was to
conclude on Tuesday.

Hezbollah's opponents say a government
led by the militant group would be disastrous
for Lebanon and lead to international isolation.
The United States, which considers Hezbollah
a terrorist organization, has tried to move
Lebanon firmly into a Western sphere.

A Hezbollah-led government would also
raise tensions with Lebanon's southern neigh-
bour Israel, which fought a devastating 34-day
war against Hezbollah in 2006 that left 1,200
Lebanese and 160 Israelis dead.

By securing an ally at the helm of the gov-
ernment, Hezbollah has capped its steady rise
from a resistance force against Israel in the
early 1980s to Lebanon's most powerful mili-
tary and political force today. After the war
with Israel, Hezbollah briefly took control of
the streets of Beirut in 2008 sectarian clashes
that killed 81 people and angered many who
accused the group of breaking its promise nev-
er to use its arsenal against the Lebanese.

In 2009, the group joined the government
with virtual veto power over all its decisions.
Hezbollah brought that government down on
Jan. 12 after Prime Minister Hariri refused
the group's demand to cease cooperation with
a U.N.-backed tribunal investigating the 2005
assassination of his father, former Prime Min-
ister Rafik Hariri.

The tribunal is widely expected to indict
Hezbollah members in the assassination, some-
thing that has raised fears of renewed violence
in this tiny, volatile Mideast country.

Several hundred Hariri supporters protest-
ed Monday in the northern city of Tripoli, a
predominantly Sunni area and a hotbed of
fundamentalists. They chanted slogans against
Mikati, a lawmaker from Tripoli.

The protesters waved pictures of Hariri
and shouted: "Mikati you are not one of us,
leave Tripoli and go away." Some banners

read: "The blood of Sunnis is boiling."

In Tripoli, Hariri's Future bloc declared a
day of peaceful protests Tuesday — but called
ita "day of rage" and played on the sectarian
dimension of the conflict.

Lawmaker Moustafa Alloush said Hezbol-
lah is trying to "belittle the prime ministry” —
a position that under Lebanon's power sharing
system is reserved only for Sunnis.

Mikati appealed for calm and, in a state-
ment, called on Hariri supporters not to upset
stability. Hezbollah and its allies had the sup-
port of at least 57 seats and gained seven more
from the bloc of Walid Jumblatt, the influential
leader of the Druse sect. With Mikati's vote,
Hezbollah reached 65.

Hezbollah leader Sheik Hassan Nasrallah
said Sunday if their candidate gets the post of
prime minister, the group will try to form
another national unity government with Harir-
i's Western-backed bloc.

But Hariri said Monday he will not join a
government headed by a Hezbollah-backed
candidate. On Sunday, Hezbollah's bloc chose
Mikati, who served briefly as premier in 2005.
He presented himself as a candidate reaching
out to all sides. "I don't distinguish between
anyone. I extend my hand to everyone without
exception. ... I say to Prime Minister Saad
Hariri, let us all work together for the sake
of Lebanon," he told reporters.

But Mikati dodged a question if he would
end Lebanon's cooperation with the interna-
tional court — a key Hezbollah demand —
saying only that "any dispute can be solved
only through dialogue.”

A statement issued by Hariri's office said
there is no "consensual candidate" and made
clear Hariri remained the Western-backed
camp's choice for prime minister.

Lawmaker Ogab Sakr said Mikati's candi-
dacy was "a clear challenge to the will of the
parliamentary and popular majority.”

A Harvard graduate, Mikati is seen as a
relatively neutral figure who enjoys good rela-
tions with Syrian President Bashar Assad and
with the pro-Western Hariri, who himself is
seeking to keep the post. Mikati, whose wealth
is estimated at $2.5 billion is on the Forbes
list of world billionaires. In the 1980s, during
Lebanon's civil war, he founded telecom com-
pany Investcom with his elder brother, Taha.
They sold the company to South Africa's MTN
Group for $5.5 billion in 2006.

The Mikati brothers now run M1 Group, a
multibillion dollar holding company with inter-
ests in telecom, oil and gas and real estate
among other things.

Last year, M1 bought a 13.95 per cent stake
in Bank Audi, Lebanon’s largest bank, for
$450 million.

(This article was written by Zeina Karam
of the Associated Press).



Unions in

BTC issue

have truly
amazed me

EDITOR, The Tribune.

They essentially are try-
ing to convince all of us that
the real issue for them is
Bahamian ownership of
BTC, really now! Who real-
ly believes that they are
more concerned about
whether Bahamians own the
company or that they obtain
the benefits, for themselves
that they perceive they
should receive.

Yet we get all of this talk
about Bahamianisation and
Bahamians owning the com-
pany, what are they talking
about? Why did they not
raise this issue months ago
when they were agitating for
inclusion on the Advisory
Committee; which they
obtained membership on
and was an integral part of
the process arriving at the
selection of Cable and Wire-
less. Julian Francis, Chair-
man of BTC and Co-Chair
of the Advisory Committee,
confirmed in a radio inter-
view with Jeff Lloyd before
the holidays that the unions
were present and had no
major objection, if not
agreed to sell to Cable &
Wireless.

Would the unions have
preferred the PLP/Blue
Water deal? Clearly and
undoubtedly the Blue Water
deal was a terrible proposi-
tion for the Bahamas and
Bahamians. The PLP boast
that they were selling an
interest in BTC to Blue
Water for $260 million, $50
million more than the FNM
at $210 million with a 2 per
cent difference in the inter-
est — 49 per cent versus 51
per cent, respectively. Natu-
rally, the controlling inter-
est would be important to
any investor who is prepared
to inject $210 million into a
company and likely to invest
more in the short term to
upgrade technologies.

What the PLP do not say,
is that, while it is true in
terms of the price, there is a
difference of $50 million
between the two, seemingly,

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LETTERS

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favouring the Blue Water
deal — they do not tell you
that Blue Water would
immediately, upon acquisi-
tion of BTC — our compa-
ny, would have acquired at
least $100 million in cash
that was being held by BTC.
Hence, the real price was
$160 million — $50 million
less than the FNM’s Cable
& Wireless deal! What the
FNM has done is taken this
money out of BTC to the
benefit of the Bahamas
Government and _ the
Bahamian people over the
past one-two years.

It does not end there, the
PLP’s deal with Blue Water
allowed them to pay $40
million of the $160 million
over a period of time —
hence, upon the close of the
deal — the PLP would have
sold BTC to Blue Water for
$120 million — the cash paid
at closing of the deal.
Remember though, there
was the $100 million in cash
in BTC, that Blue Water
would have been able to
payout to themselves, there-
by purchasing BTC for $20
million at closing and using
future earnings to pay off
the other $20 million — what
a deal!

Remember, we did not
know and still do not know
who were the owners of
Blue Water it was undis-
closed. Hence, we do not
know who the PLP intended
to give the $100 million from
the coffers of BTC to -
astounding! And, what is the
union’s view?

I do not recall a word
from the unions, oh but,
they were not informed
about any of this because
the PLP did not involve
them at all in the process
and they have the temerity
to talk about why is it that
the FNM would not release

the Memorandum of Under-
standing sooner — the union
is really devoid of any cred-
itability on this matter.

It is the PLP government
that sold out the country —
gave away BTC and no
information was shared with
anyone, including the unions
—and they talk about having
their members register to
vote in large numbers — do
they really prefer the PLP,
in all the circumstances over
the FNM - they need to get
real, and quickly.

Let us not forget and
importantly so, that none
other than Mr Philip
“Brave” Davis, now Deputy
Leader of the PLP, a PLP
MP at the time, was the
lawyer for Blue Water pre-
sumably he played an active
role in the negotiation of the
Blue Water deal for his
client. What about our inter-
est — he was a sitting Mem-
ber of Parliament, after all.
We should also remember,
that Mr Davis’ law firm was
previously Christie, Davis
and Co. Those are the facts.
At the time of the Blue
Water deal Perry Christie
was the Prime Minister of
our country.

Where were the unions?
If they were not aware, as
we posited above, where
have they been since this
information came to the
light of day? Where is the
outrage? There has been no
condemnation of the Blue
Water deal and some of the
players in it— absolutely
none — as they say “deafen-
ing silence.”

And, the union leaders
suggested that their mem-
bers should get registered to
vote; exactly for whom? I
am certain, given all the cir-
cumstances, they must have
been thinking — the FNM!
To suggest otherwise, could
not be taken seriously.

SEAN HEPBURN
Nassau,
January 13, 2011.

| can't wait to see unions demonstrate
against Bahamians and competition

EDITOR, The Tribune.

About 11 years ago, my wife along with hundreds of
BaTelCo employees accepted the company’s severance
package; the deal was according to my understanding — to
prepare the entity for privatisation.

That was sometime in 1999. This is now 2011, and the peo-
ple’s government of the day has selected a candidate to
purchase a 51 per cent stake in the ailing BTC. The masses
should be delighted about the good news; but ruckus has
clouded the issue at hand and the nation has become bitterly
divided over this simple matter.

Okay, let Bahamians buy the entire BTC (100 per cent)
and liberalise the friggin market forthwith. Let competi-

tion reign!

No one in this 21st century Bahamas should have a prob-

lem with that.

After selling BTC to Bahamians and giving other Bahami-
ans a chance to compete with it — I wonder what the noise in
the market would be then?

Let’s go that route, and give the consumers an immediate
choice as to which telecommunications company that they
would prefer doing business with; just like the local radio sta-
tions that we choose to patronise.

We have had a fax-line problem at our office lately, and it
took five different technicians from BTC, on five separate
visits to remedy the problem. What a national disgrace!

This is what the unions are fighting to keep; pure incom-
petence alive at the public’s expense.

It’s time for The Bahamas government to divorce itself of
this ineptitude 100 per cent as far as BTC is concerned. So,
sell it to Bahamians with money to burn and liberalise the
market simultaneously for other Bahamians to capitalise on
BTC’s uselessness.

I can’t wait to see the unions demonstrate against Bahami-
ans and competition. Then, we shall see their real motives
clearly; and that is to protect their lot of backward comrades.

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January 19, 2011.



THE TRIBUNE

TUESDAY, JANUARY 25, 2011, PAGE 5



LOCAL NEWS



Animal cruelty
cases shock GB
Humane ce

By DENISE MAYCOCK
Tribune Freeport Reporter
dmaycock@tribunemedia.net

FREEPORT - Following
last week’s gruesome discovery
of a decapitated dog, the
Humane Society of Grand
Bahama said it was dismayed to
learn of yet another case of ani-
mal cruelty within a matter of
days.

The organisation is now
appealing to the public for infor-
mation that will lead to the
arrest of the culprit or culprits.

Tip Burrows, managing direc-
tor of the HSGB, reported that
on Friday morning a dog was
discovered tied up to a sign on
Fishing Hole Road.

A woman who was driving in
the area spotted the animal and
contacted the Humane Society.
The woman remained on the
scene until their field staff
arrived.

Ms Burrows said the dog was
emaciated and had numerous
wounds and injuries.

The dog also had an elastic
band wrapped tightly at the base
of what was once his scrotal sac,
which was severely infected.

The young male potcake, now
named “Ish,” was expected to
undergo surgery Saturday morn-
ing to repair the damage.

“Despite what must be
unimaginable pain, Ish is a gen-
tle, sweet soul who appears very
grateful to have been rescued,”
Ms Burrows said.

“The HSGB would like to
offer a reward, but as the over-
whelmed non-profit’s funds are
low, we would like to let the
public know that donation
pledges towards rewards for cas-

ART TOUR: Pictured is the work of Nassau artist Kishan Munroe.



ISH, who was tied up to a sign, wounded and extremely emaciated

es like this would be helpful,”
she said.

Early last week, the Humane
Society discovered two dogs
through a track road off West
Beach Road. The male dog was
dead, his decapitated head lying
next to the body.

The other, an emaciated and
injured female pit bull/boxer
mix, was curled up next to her
dead companion. When she saw
the Humane Society van
approaching she got up and
tried to run, but was so weak
she stumbled and staggered and
they were able to secure her.

The organisation has offered

a reward for information that
would lead to arrest of individ-
ual responsible.

Ms Burrows said the money
will not be awarded until the
reward is actually earned.

“Of course, it is also hoped
the public would give informa-
tion without the hope of a
reward, simply because it is the
humane thing to do,” she said.

Donations to assist with the
medical care and treatment for
abused animals are also always
needed.

Ms Burrows said the spaying
and neutering of animals is free
to those who cannot otherwise

Tour puts spotlight
on Bahamian art

By LAMECH JOHNSON

AN art enthusiast is bringing something
new and unique for Bahamians to enjoy on
the weekends in downtown Nassau.

Jonathan Murray, entrepreneur and tour
guide of Downtown Art Tours, came up
with and initiated the idea in December.

The tour is designed to provide intimate,
educational and interactive experiences
focused on Bahamian art among the likes of
murals, galleries and museums, Mr Murray
said.

“I did start in December but wasn’t
expecting to as it was actually supposed to
start early this year although I decided to
take advantage of the Christmas holiday
kind of time where people who are home
from school or persons who might be inter-
ested in doing a tour just to see if people
would buy into it,” he said.

And according to Mr Murray so far the
turn-out has been “okay.” “Not great. Not
poor. It was a busy time but I got a few pri-
vate bookings off the tours that I did so
that was definitely a positive and I’ve seen
an increase in numbers so it’s a good sign.”

Downtown art tours are currently avail-
able for private school students and will at
some point also be offered to public schools.

The Tribune was given a preview of what
to expect on an art tour.

The tour this paper sampled starts at the
National Art Gallery of the Bahamas on
West Hill Street, stopping at various venues
like the D’Aguilar Art Foundation — which

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has over 1,000 artworks on display valued at
millions of dollars — and other buildings in
town where murals by Bahamian artists are
displayed.

Kishan Moore’s mural “Lift up your
head” is located next to Da Balcony and
depicts elements of Junkanoo, church and
human experience.

Chantal Bethel and Claudette Jean, both
from Grand Bahama, share a mural on
George Street called “The Grand Bahami-
an Vision.” It depicts unity among blacks
and whites as well as the question of “What
is Bahamian?”

Both have had difficulties entering art
competitions because of their status — com-
petitions are usually Bahamian only,
though both these artists are married to
Bahamians.

Mr Murray said he hopes to one day be
able to open the tour to tourists as well,
but currently a lack of funds and other bar-
riers prevent him from doing so.

“At this point ’ve only done local tours
because I don’t have at the moment the
capital to really be able to invest in the
appropriate marketing to appeal to a mas-
sive audience.”

The tour takes place on Saturdays at
10.30am until 12.30 pm where lunch at a
restaurant usually follows. More informa-
tion can be found on Facebook under the
name “DownTown Art Tours.”

The next event “Spend Sunday Loving
our Bahamas” takes place next Sunday
from 3-5pm.



THIS very sick female was found lying next to a male dog who had been denied

afford it for their pets.

“There is absolutely no need
for pet owners to resort to bar-
baric, illegal practices in an
attempt to neuter an animal.
Whether it be a dog, cat, cow,
sheep, or goat, or any other
creature, veterinarians are read-
ily available and able to castrate
animals in a modern, humane
manner; the use of elastic bands
for this and other purposes (such
as tail docking) is now consid-
ered animal cruelty,” she said.

Failing to seek medical atten-
tion for an injured, suffering ani-
mal is also considered animal
cruelty, she said.

“While tying one up to a sign
in a fairly public place is a bit
better than just allowing the ani-
mal to die, it falls far short of
reasonable standards of care,”
she said.

Persons are asked to call 911

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TAN
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or the GB Humane Society at
352-2477 with information on
these or any other cases of sus-
pected animal cruelty.

“The assistance of the law
abiding public is absolutely nec-
essary to putting an end to atroc-
ities such as this,” she said.

“The HSGB asks the public
to urge government to at least
enact the portion of the new
Animal Protection and Control
Act that provides more protec-
tion for animals, and stiffer
penalties for those who abuse

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or neglect them. The new Act
was passed by Parliament last
summer, but has still not been
enacted.”

When asked to explain the
delay, the government depart-
ment responsible said the hold-
up was at the Attorney Gener-
al’s Office.

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PAGE 6, TUESDAY, JANUARY 25, 2011

THE TRIBUNE



LOCAL NEWS



Annual plant
sale ‘taking

off this year 5

THE annual Horticul-
tural Society of the
Bahamas (HSB) plant sale
is “taking off” this year.

Plant sale chairpersons
Sarah Lobosky and Cindy
Wilde said that the Horti-
cultural Society of Abaco
is chartering a plane to
attend the popular event,
set for Saturday, February

c

5, from 10am to 2pm at the
Bahamas National Trust's
headquarters on Village
Road.

“We are used to people
hiring trucks for the event,
but hiring a plane is a bit

unusual,” said Mrs
Lobosky.
“We are thrilled that the

HSB plant sale is so popu-

lar and has such a great
reputation for well grown,
reasonable plants,” added
Mrs Wilde.

HSB founding member
Sara Parker said the sale
will be a “great time and
place to pick up living
Valentine gifts or take
your curb appeal to a new
height.”

COMMONWEALTH
BANK

CHAIRMAN'S REPORT ON UNAUDITED RESULTS DECEMBER 31, 2010

Commonwealth Bank's unaudited nef income for 2010 grew to exceed $53 million
from the $42 million reported for 2009. Total assets expanded marginally in 2010 to
exceed $1.4 billion, a mew record for the Bonk. Commonwealth Bank's strong results
for 2010 ore o further hesdament fo the Bank's conservative credit risk management
techniques and proctices, song expense management practices ond the Bank's overall
business model which focuses on addressing all Bahamian's personcal banking nesechs
The emphasis on sofety, soundness coupled with o strong senior management team
and govermance regime has ougured well for the Bank and continued success with
returns continuing to provide well above industry norms.

A major contributor to the profitability improvement wos the overall improvement
in the: cqueality of the credit risk partiolia Enhanced credit risk management activities
howe assisted the Bank in reducing the levels of non-performing consumer loans ane
their associated impairment allowances, The overall quality of the credit risk partolin
Continues. bo materially eutperlorm trie: industry int delineuency fahas, prowisiorang levels
ond levels of non-performing loons (below 3% of the Bank’s loan portfolio).

Commonly used industry wide measurement metrics include Return on Assets (ROA),
Return on Equity (ROE), Earnings Per Shore (EPS), and internal pn

These measures for the Bonk all exceeded financial plans ond continue to well exceed

indusiry overages

We continua to build on o solid foundation of key strengths, including a wall
recognized credil risk and expense management! process and a slrong capital base.
These strengths hove enabled the Bank to pay regular quarterly dividends though out

the Vea, and in addition exita-ordinary dividends in February and Nevember 2010,

totaling over $25.5 million to more than 4,500 shareholders.

The remarkable support of shareholders, employees ond our customers underpin our

SLICES,

On behalt of the Board | would like 2 acknowledge the contribution of Mr. T Boswell
Donaldson CBE whe retired as Chairman of the Board on December 314 2010. Mr.
Donaldson hos been o pillar of strength to the Bonk, ond lam pleased he will remain

available te asaial fie Bank oso conaullaril gaing lerveard.

| would like te ocknenwled ge the: engoirigy contribution af all the Board members and
avery mamber of sloth who continue to contribute to the growth ond success of the Bonk.

COMMONWEALTH BANK LTD.
UNAUDITED RESULTS FOR THE YEAR ENDING DECEMBER 31, 2010

ASSETS [$000]

NET INCOME |$°000]

MET INCOME AVAILABLE TO COMMON SHAREHOLDERS

EPS (IM CENTS) FULLY CILUTED

RETURN OM EQUITY

QL â„¢*, al
— =

lan A. Jenning
President

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) ii

A fe “|

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] i/| \ f |
[ 1 L/ # Ak | A
William |B. Son

. ‘i.e om .
Exeohiwé Choirman

2009

| 1,376

William B. Sands, Jr.

Execulive Chairmen

MLB. A full set of cudited finarcial statements will be published within the time frame established

by BISEX.



Mrs Parker is the host
of a Bahamas Realty Now
TV show.

HSB president Dail
Pearce said the plant sale
will offer: water plants,
roses, orchids, bromeliads,
succulents, hedge plants,
native trees, Palms from
the BNT committee, avo-
cados, sapodilla, custard
apple and other fruit trees,
vegetable seedlings and
bedding plants.

For the first time, there
will be a “$5 and under
table,” she added.

Past president Rose-
mary Hanna said: “It’s a
good chance to restock
your garden and prepare
for spring fever and East-
er.”

Plants will range in price
from less than a dollar to
more than $100 depending
on size and rarity. HSB
members grow the plants
and label them for sale,
with 10 per cent of the sale
price going to the HSB.

“Of special interest each
year are hundreds, possi-
bly thousands, of dramatic

bromeliads, tiny tillandsias
or ‘airplants’ to gigantic
hybrids with a five-foot
long leaf,” the HSB said.

Members also often
donate bare root plants to
the sale for landscaping.

No plants will be sold
before 10am on the day of
the sale. HSB members
must bring plants labelled
with proper sales tags,
between 2pm and 6pm on
Friday, February 4.

Founded by the late
Sara Bardelmeier in 1984,
the HSB conducts field
trips and participates in
horticultural shows.

Helping beautify the
nation is one of the soci-
ety’s goals.

The HSB has more than
100 members, including all
the garden clubs, top hor-
ticulturalists and Family
Island growers.

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‘Fuelling Growth For People”



FOUR PRESIDENTS of the Horticultural Society of the
Bahamas show off examples of the exotic plants featured
at the annual HSB plant sale set for Saturday, February 5,
at the Bahamas National Trust Retreat Garden. Pictured

left to right are: Rosemary Hanna, plant sale co-chairper-
son Cindy Wilde, current president Dail Pearce and plant
sale co-chairperson Sarah Lobosky.











REPORT: MEXICO
LET US QUESTION
DETAINED MIGRANTS

MEXICO CITY
Associated Press

NEWLY RELEASED diplo-
matic cables indicate Mexico let
US. agents question undocu-
mented migrants held in Mexi-
can detention centers as part of
anti-terror efforts, despite the
country's traditional sensitivity
about national sovereignty.

The latest round of Wik-
iLeaks cables released over the
weekend paint a picture of a
nation extremely eager for U.S.
aid in security matters, in the
face of its own disorganized
intelligence sector and threats
from drug cartels. Those threats
included a report that a crime
gang plotted to bring down Pres-
ident Felipe Calderon's airplane
with a grenade launcher, though
no such attack ever took place.

A May 2008 cable from the
U.S. Embassy in Mexico
expressed concern about Mexico
being used as a "potential transit
point for terrorists intending to
launch attacks against the U.S."

"On a positive note," the
cable noted that Mexico's
domestic intelligence agency
"has allowed U.S. government
officers to interview foreign
nationals detained at Mexican
immigration detention centers
dispersed around the country for
potential CT (counterterrorism)
information."

Most people held at Mexican
immigration facilities are undoc-
umented Central American
migrants, but the Americans
were apparently worried that
terrorists from other continents
might be using established
human smuggling routes and
networks.

A February 2010 cable said
Calderon "is also concerned that
organized criminal groups may
try to establish contacts with ter-
rorists.” It said Homeland Secu-
rity Secretary Janet Napolitano
responded that "although we
have not seen evidence to this
effect, the potential is there."

U.S. and Mexican officials
have refused to comment on the
specifics of leaked communica-
tions. In December, Mexico's
federal security spokesman Ale-
jandro Poire said "the contents
of the cables, in many cases,
reflect personal points of view,
are inexact, or taken out of con-
text.”

Other cables display a grim
assessment of Mexico's ability
to fight drug cartels, saying the
country has limited intelligence-
gathering capacity and quoting
Calderon as saying politicians
could be tempted to return to a
tacit policy of tolerating the
gangs. According to an April
2009 cable, a U.S. official asked
him "if there was political
momentum to go back to the old
practice of looking the other
way."

"Calderon replied, 'There is
a serious risk,'" the document
said. "Certain sectors in the past
made informal agreements with
criminals in exchange for a
degree of security, and they are
arguing for that again."

The same cable said Mexico is
very grateful for US. aid.

"Thanks to equipment the
US. had provided, the govern-
ment had managed to thwart a
planned assassination of a key
politician in one state,” it said,
without identifying the politi-
cian.

The 2010 cable also said
Calderon requested U.S. help in
clamping down on violence in
Ciudad Juarez, where about
6,000 people have died in drug-
related killings in the last two
years.

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





THE TRIBUNE

TUESDAY, JANUARY 25, 2011, PAGE 7



LOCAL NEWS



Ohio ‘Buckeyes’ experience |
‘true Bahamian’ hospitality |

STUDENTS of the Ohio State
University were recently treated toa
“true Bahamian” experience as the
College of the Bahamas (COB) and
Ministry of Tourism and Aviation
teamed up to host them during a brief
trip to Nassau.

Bernadette Bastian, manager of the
People-to-People Unit in the Ministry
of Tourism, said the ministry facilitat-
ed the visit at the request of the COB.

The occasion was a prime example
of how the People-to-People Unit
moves beyond individual hostings to
include groups of various kinds, she
said.

“Traditionally, people associate the
People-to-People programme with
individuals being invited into the
home of a Bahamian individual or
family,” she said.

“That is a very big part of what we
do, but there is room for much more.
We encourage group hosting for pro-
fessional, social and other types of
groups. Mr Valdez Russell and the
faculty and staff of the College of the
Bahamas have done a wonderful job
of demonstrating this at the tertiary
education level.”

The group of 30 students and facul-
ty from the Ohio State University,
who are known as ‘Buckeyes’, was
treated to a church service and a
Bahamian meal. Later, they were
showered with gifts from COB.

“COB’s generosity is so important
on so many levels,” Ms Bastian said.
“They allowed our guests to have a
deeper encounter of Bahamian cul-
ture, and more importantly, they
turned our visitors into our friends.
Our experience is that our friends sus-
tain business for us over many years,
either returning to visit us again or
recommending our islands as vacation
destinations.”

Ms Bastian encouraged civic and
professional organisations to contact
the People-to-People Unit of the
Ministry of Tourism and Aviation to
explore ways in which they could
extend group experiences to their
affiliates.



















ABOVE: Faculty and students of the
Ohio State University with representa-
tives of the College of the Bahamas
and the People-to-People programme.

RIGHT: People experience at COB.
Pictured (from left) are Bernadette
Bastian and Rose Frazer of Ministry
of Tourism and Aviation, Nancy K
Lahmers of the Ohio State University,
Dr Remelda Moxey and Valdez Rus-
sell of College of the Bahamas and
Bridgette Rahming of Ministry of
Tourism and Aviation.

| EXHIBITION TO LAUNCH
SCHOOL’S ACTIVITIES
FOR LITERACY FEST

GAMBIER Primary
School will be officially
launching its activities for
the third annual Literacy
Fest with an exhibition at
the Mall at Marathon this
morning.

“Navigating the archi-

i pelago through literacy

i expressions” is the topic of
i the showcase.

i School officials said the
i objective is to educate the
i parents and students about
i the importance of literacy
i while helping them to

i develop a deeper appreci-
? ation for their country.

i “We also hope that our

i students are motivated to

i aspire to be better readers
? and writers,” the school

i said.

i The activities of the day
i will include an opening

i ceremony that is sched-

? uled to start at 10am along
i with a career fair sched-

i uled from 11.30 am to

i lpm.

i During the opening cer-
i emony, students will be

i entertained by guest

i artists and Bahamian

? authors.

i The students will be

i exposed to meteorologists,
i health practitioners, envi-

i ronmentalists, bankers,

i chefs, police officers,

i Defence Force officers

? and others.

i Representatives of

? these professions will

i speak to the students and

i help them understand how
i literacy is applied on the

i job.

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FROM LEFT: CHAIR of the School of English Studies Dr Marjorie Brooks-Jones; Deon Simms, English major and bursary recipient; Endow-
ment for the Performing Arts members Christiane Oakes, Terry North and Ruth Cleare; Dr Gail Saunders, widow of the late Winston
Saunders; College president Dr Betsy Boze; Lady Joan Foulkes, patron of the Endowment for the Performing Arts; Emmanuel Mosko,
chairman of the Endowment; Endowment members Antonius Roberts, Deborah Lotmore and Dawn Davies; Je’Rome Miller, artist, and
Marina Knowles, mother of COB bursary recipient Deon Simms.

MEMORIALISING the
man who is considered the
driving force behind its
establishment, the Endow-
ment for the Performing
Arts of the Bahamas made
a $25,000 contribution to
the Winston Saunders
Memorial Endowment at
the College of the
Bahamas last week.

The Winston Saunders
Memorial Endowment
supports the continued
development of the arts.

Bursary

The endowment funds
an annual bursary to a stu-
dent enrolled in the bac-
calaureate English studies
programme at COB who
has displayed distinguished
artistic endeavour.

According to the chair-
man of the Endowment for
the Performing Arts of the
Bahamas, Emmanuel
Mosko, it was an honour
to memorialise the late
Winston Saunders in this
way. A former attorney

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and advocate for the devel-
opment of literature and
the arts in the Bahamas,
Mr Saunders is widely
regarded as a cultural and
artistic icon.

The College of the
Bahamas, when announc-
ing the establishment of
the Winston Saunders
Memorial Scholarship for
English Studies majors,
said that they have “taken
the decision to memori-
alise Mr Saunders in a way
that honours the focus of
his life’s work: education,
language, literature and
culture.”

The members of the
board of trustees said they
believe it is very fitting
that they echo these senti-
ments, said Mr Mosko dur-
ing the press conference at
Government House.

In 2006, COB estab-
lished the Winston Saun-
ders Memorial Endow-
ment with an initial con-
tribution that has since

rown to more than
$50,000 through the gen-

erosity of donors and
friends of the College,
including Je’Rome Miller,
an artist and former pro-
tégé of Mr Saunders.
COB said Mr Miller has
been consistently raising
funding for the Winston
Saunders Endowment
through the annual auc-
tions of his new paintings.

Passion

“By making this signifi-
cant contribution to the
Winston Saunders Memo-
rial Endowment, the
Endowment for the Per-
forming Arts is supporting
the talents and passion of
both current and future
students with a vested
commitment to the arts,
the quest for infinite dis-
coveries and national
development,” said COB
president Dr Betsy Boze.

“In essence, this is what
the late Winston Saunders
lived, and the legacy that
he left through his deep
involvement, connection

and leadership in the arts
and cultural communities.
Today’s gift honours that
commitment.”

The $25,000 gift brings
the total for the Winston
Saunders Endowment fund
to over $75,000. The inter-
est earned from the funds
in the endowment provides
an annual bursary in per-
petuity for a student of the
College. English major,
Deon Simms, is the first
beneficiary of the bursary.

The Endowment for the
Performing Arts has, over
the years, awarded grants
totalling over $60,000
annually, to assist qualified
applicants, both individuals
and groups, in their cre-
ative efforts. Currently
under the patronage of
wife of the Governor Gen-
eral, Lady Joan Foulkes,
the organisation is now in
full planning mode for its
next fund-raiser — “Spring
Into The Arts” — a gala
luncheon at Old Fort Bay
scheduled for Saturday,
March 12.

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PAGE 8, TUESDAY, JANUARY 25, 2011 THE TRIBUNE



LOCAL NEWS



ROTARY “BED RACE’ WINNERS

THESE are the winners of the Rotary Club of East Nassau’s ‘Bed Race’ which raised more
than $9,000 for Rotary’s Polio Plus programme on Saturday. The Bed Race involved 12
teams of people pushing four-wheeled beds with a passenger onboard. The event started
from the Bennigan’s parking lot at the Mall at Marathon.



AWARDS PERFORMANCE: The Cacique ensemble

Entertainers step up
for performance at |

the Cacique Awards |

A TROUPE of entertainers has been
assembled for the theatrical presenta-
tion of the Cacique Awards ceremony
on January 28.

After a rigorous audition process, the
show’s director selected eight dancers
and singers to provide variety enter-
tainment for the gala event.

Members of the troupe range from
fresh faces to veterans who have
become familiar public figures as part of
dance ensembles, singing groups, video
and music recording teams.

The selection of the performers is a
critical component in the production of
the upscale awards, said Bonnie Rolle,
the coordinator of the event.

“In addition to finding out who wins
the various award categories, our audi-
ences are always looking forward to the
entertainment offered at the Cacique,”
Ms Rolle said.

“We have become known for always
staging first class productions. The team
that has been chosen is well-qualified

to ensure that we hit the mark again.”

The ensemble of performers will form
the entertainment core of the awards
show. In addition, the show features
several comedy sketches and specialty
acts.

At the helm of the production is Ian
Poitier, who returns as director of the
show for the third consecutive time.

Mr Poitier has in London theatre and
in film.

“We have been able to put together a
versatile cast,” he said. “There is a lit-
tle of everything for an audience. We
will feature strong dancers and singers.
There will also be a few surprises here
and there. So, there is something for
everyone with discerning taste.”

The Cacique Awards will be held at
the Rainforest Theatre, Wyndham Nas-
sau Resort.

The event is designed to honour the
nation’s highest tourism achievers in
general public and hotel-specific cate-
gories.

THIDUNE TRIVIA

Yesterday's Question

Local Rotary Clubs held a bed race this weekend.
What charity were they supporting and
how much did they raise

Yesterdays Answer

They raised $9,000 for Rotary's Polio Plus
programme.

Yesterdays Winners

Senemae Kelly opts
Jillian Mullings 2pts

Penny Sirra

tpt

Click the ‘Like’ button on the Tribune News
Network Facebook page to play
Tribune Trivia

*Nassau Residents Only



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PAGE 10, TUESDAY, JANUARY 25, 2011

THE TRIBUNE



INTERNATIONAL NEWS



At least 35 people killed and 180 wounded

Bombing at Moscow airport
described as terrorist attack



NATALIYA VASILYEVA,
Associated Press
MOscOoW

Terrorists struck again in the heart
of Russia, with a suicide bomber blow-
ing himself up in Moscow's busiest air-
port and turning its international
arrivals terminal into a smoky, blood-
spattered hall of dismembered bod-
les, screaming survivors and aban-
doned suitcases. At least 35 people
were killed, including two British trav-
elers.

No one claimed responsibility for
the blast at Domodedovo Airport on
Monday that also wounded 180 peo-
ple, although Islamic militants in the
southern Russian region of Chechnya
have been blamed for previous attacks
in Moscow, including a double suicide
bombing on the capital's subway sys-
tem in March 2010 that resulted in 40
deaths. The Interfax news agency said
the head of the suspected bomber had
been found.

President Dmitry Medvedev called
it a terrorist attack and immediately
tightened security at Moscow's two
other commercial airports and other
key transportation facilities.

It was the second time in seven years
that Domodedovo was involved in a
terrorist attack: In 2004, two female
suicide bombers penetrated the lax
security there, illegally bought tickets
from airport personnel and boarded
planes that exploded in flight and
















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(AP Photo/Ivan Sekretarev)
RESCUE OPERATION: A wounded blast victim is moved on a stretcher at Domodedovo airport in
Moscow, Monday, Jan. 24, 2011.

killed 90 people. Medvedev canceled
plans to travel Tuesday to the World
Economic Forum in Davos, Switzer-
land, where he was aiming to promote
Russia as a profitable investment
haven to world business leaders.

Prime Minister Vladimir Putin
ordered the health minister to send
her deputies to hospitals to make sure
the injured were getting the medical
care they needed.

Russians still look to the tough-talk-
ing Putin as the leader they trust to
guarantee their security, and Monday's
attack was likely to strengthen the
position of the security forces that
form part of his base.

Large-scale battles in Chechnya
ended years ago, following two devas-
tating wars that Russia waged with the
republic's separatists, but Islamic mil-
itants have continued to carry out sui-
cide bombings and other attacks.

Most have been in Chechnya and
other predominantly Muslim provinces
in the southern Caucasus region, but
some have targeted Moscow, including
its subways, trains and even a theater.

In Washington, President Barack
Obama condemned the "outrageous
act of terrorism" and offered any assis-
tance. Those comments were echoed
by British Prime Minister David
Cameron, who spoke with Medvedev
and assured him of his complete sup-
port.

Monday's attack was most likely
carried out by a suicide bomber and

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"attempts were being made to identi-
fy him," Investigative Committee
spokesman Vladimir Markin said,
adding that the attacker appeared to
have been wearing the explosives on a
belt.

The blast came at 4:32 p.m., when
hundreds of passengers and workers
were in a loosely guarded part of the
terminal. They were sprayed with
shrapnel of screws and ball bearings,
intended to cause as many casualties as
possible.

Smoke

The terminal filled with thick smoke
as witnesses described a scene of hor-
ror.

"There was lots of blood, severed
legs flying around,” said Yelena Zat-
serkovnaya, a Lufthansa official.

Airport workers turned baggage
carts into makeshift stretchers to wheel
the wounded to ambulances outside,
she said.

Amateur video showed a pile of
bodies on the floor, with other dead
scattered around.

Luggage also was strewn around the
terminal and several small fires
burned. A dazed man in a suit pushed
a baggage cart through the haze.

Driver Artyom Zhilenkov said he
was standing just a few yards (meters)
away from a man who may have been
the suicide bomber.

He saw an explosion on or near the





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man, whose suitcase was on fire.

Zhilenkov said he initially thought
he himself had been injured, but doc-
tors said he was just coated in the
blood of others.

"The guy standing next to me was
torn to pieces,” he said.

Car rental agent Alexei Spiridonov,
25, was at his desk when the blast
struck about 100 yards (meters) away
and "threw me against the wall,” he
said.

"People were panicking, rushing out
of the hall or looking for their rela-
tives. There were people just lying in
blood," Spiridonov said.

Sergei Lavochkin, who was waiting
for a friend to arrive from Cuba, told
Rossiya 24 television: "I heard a loud
bang, saw plastic panels falling down
from the ceiling and heard people
screaming. Then people started run-
ning away.”

The Emergencies Ministry said 35
people were killed, 86 hospitalized
with injuries and 94 were given med-
ical treatment. Among the dead were
two British travelers, Markin said.
Domodedovo was briefly closed to air
traffic immediately after the blast, but
soon reopened.

Hours later, passengers arriving for
their flights lined up outside waiting to
pass through metal detectors that had
been installed at the entrances.

Aviation security experts have been
warning since the Sept. 11, 2001,
attacks in the U.S. that the crowds at

IN SATURDAY’
TRIBUNE .

PUZZLES, GAMES
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(AP Photo/Alexander Zemlianichenko)
HELPING HANDS: A wounded blast victim is brought by a rescuer to a hospital from Domodedovo air-
port in Moscow, Monday, Jan. 24, 2011.

many airports present tempting tar-
gets to suicide bombers. Arrivals halls
are usually open to anyone.

" Airports are by their nature crowd-
ed places, with meeters, greeters, com-
mercial businesses, and so on," said
Philip Baum, the editor of Aviation
Security International, a London-based
publication.

The attack also called into question
Russia's ability to safely host major
international events like the 2014 Win-
ter Olympics in Sochi and the 2018
World Cup.

FIFA President Sepp Blatter was in
St. Petersburg over the weekend to
formally award Russia the 2018 World
Cup.

Prior to the signing, Blatter told
Putin that he was certain FIFA had
made the right choice.

Built in 1964, Domodedovo is locat-
ed 26 miles (42 kilometers) southeast
of Moscow and is the largest of the
three major airports that serve the cap-
ital, handling more than 22 million
people last year. It is generally regard-
ed as Moscow's most modern airport,
but its security has been called into
question.

The airport insists security is one of
its top priorities, saying on its website
that its "cutting-edge operations tech-
nology guarantees the safety of pas-
sengers' and guests’ lives."

It says 77 airlines offer regular flights
to Domodedovo, serving 241 interna-
tional and national routes.








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THE TRIBUNE



TUESDAY, JANUARY 25, 2011, PAGE 11
INTERNATIONAL NEWS





UNDER POLICE ESCORT, U.S. Marshals leave in a van, back, with Jared Loughner, the man accused of
carrying out a mass shooting in Tucson, who pleaded "not guilty" in a court arraignment hearing on fed-
eral charges against him at Sandra Day O'Connor United States Courthouse Monday in Phoenix. (AP)

Suspect in the
Arizona shooting
case gives a plea

of not guilty

PHOENIX
Associated Press

THE suspect in the shoot-
ing of Rep. Gabrielle Giffords
smiled and nodded but didn't
speak as he appeared in court
Monday and his lawyer pro-
vided the 22-year-old's first
response to the charges: a
plea of not guilty.

In the two weeks since the
deadly attack that killed six
outside a Tucson grocery
store, Jared Loughner's hair
— shaved in the mug shot
that's become an enduring
image of the tragedy — has
grown out slightly. The Tuc-
son resident wore an orange
prison jumpsuit and glasses,
and his wrists were cuffed to a
chain around his waist as
eight U.S. marshals kept
watch in the packed Phoenix
courtroom and gallery above.

Loughner faces federal
charges of trying to assassi-
nate Giffords and kill two of
her aides. More charges are
expected.

Investigators have said
Loughner was mentally dis-
turbed and acting increasing-
ly erratic in the weeks leading
up to the attack on Jan. 8 that
wounded 13. If Loughner's
attorney uses mental compe-
tency questions as a defense
and is successful, Loughner
could be sent to a mental
health facility instead of being
sentenced to prison or death.

But his attorney, Judy
Clarke, said she wasn't raising
issues of competency “at this
time" after U.S. District
Judge Larry Burns of San
Diego asked whether there
was any question about her
client's ability to understand
the case against him.

Giffords was shot in the
forehead and spent two
weeks in a Tucson hospital
before she was flown to
Memorial Hermann Texas
Medical Center Hospital on
Friday. Shortly after her
arrival, doctors said she had
been given a tube to drain a
buildup of brain fluid that has
Kept her in intensive care.

Hospital spokesman James
Campbell said Monday the
next update on the Democ-
ratic congresswoman's con-
dition would come when they
are ready to move Giffords
to the rehab hospital.

Loughner will likely face
state charges in the attack,
and also federal murder
charges listed in an earlier
criminal complaint for the
deaths of Giffords aide Gabe
Zimmerman and U.S. District
Judge John Roll.



IN THIS ARTIST RENDERING,
Jared Lee Loughner, right,
makes a court appearance with
his lawyer, Judy Clarke, at the
Sandra Day O'Connor United
States Courthouse in Phoenix,
Ariz., Monday. (AP)

Those are potential death
penalty charges, which
require a more painstaking
process under Justice Depart-
ment rules.

Prosecutor Wallace Klein-
dienst estimated that he
would know within the next
30 days whether additional
federal charges would be filed
against Loughner.

Kleindienst said prosecu-
tors provided defense lawyers
with records taken from
Loughner's computer and
documents of about 250 inter-
views made in the case.

The judge did not rule on
prosecutors’ request to move
the federal case back to Tuc-
son so that victims and wit-
nesses do not have to make
the four-hour round trip drive
to Phoenix to attend court
hearings. The case was moved
because one of those killed,
Roll, was a federal judge.

Clarke said she didn't
oppose the request at this
time, but questioned where
Loughner would be jailed in
Tucson if the case were
moved.

Clarke has not responded
to requests seeking comment.
She is one of the top lawyers
in the country for defendants
facing prominent death penal-
ty cases, having represented
clients such "Unabomber"
Ted Kaczynski and Olympic
bomber Eric Rudolph. She
has a reputation for working
out plea deals that spare
defendants the death penalty,
as was the case for Rudolph
and Kaczynski.

The judge set a March 9
hearing to consider motions
in Loughner's case.

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PAGE 12, TUESDAY, JANUARY 25, 2011

THE TRIBUNE



INTERNATIONAL NEWS

SL

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SAINT-MARC, Haiti
Associated Press

THE CHOLERA epidemic
that has raged across this coun-
try is claiming fewer victims,
with a sharp drop in new cases
everywhere from the shimmer-
ing rice fields of the Artibonite
Valley to the crowded urban
slums.

It is a welcome development,
but tinged with doubt: It's not
yet known whether the epi-
demic that has killed nearly
4,000 people is fading or mere-
ly taking a break, only to surge
again perhaps with the onset of
the next rainy season.

"The general situation is
improving. It's clear," Stefano
Zannini, chief of mission for
the aid group Doctors Without
Borders, said Sunday. "The
problem is that the possible
development of the epidemic
is unpredictable. It is impossible
to say whether the situation will
continue stabilizing."

Any progress on controlling
the disease would be a rare bit
of good news for Haiti, which is
passing through a particularly
gloomy period. The country is
on edge amid a political crisis
over a disputed presidential
election, and could see more of
the violent protests that para-
lyzed cities and hampered
cholera treatment in Decem-
ber. Meanwhile hundreds of
thousands are still homeless
from last year's earthquake,
and a much-reviled former dic-
tator suddenly returned and
took up residence in the past
week.

Zannini, whose group is con-
templating scaling back its
more than 40 cholera treatment
centers, was unable to muster
even cautious optimism regard-
ing the disease. The best he
could say was that he was hap-
py new cases and deaths are
decreasing to levels not seen
since soon after the disease
emerged in October.

"I would not be optimistic,"
he said in an interview with The
Associated Press at his Port-
au-Prince office.

For the moment, at least, the
statistics are moving in the right
direction. The number of new
cases has dropped to about
4,700 per week, down from
more than 12,000 per week in
November, and the trend is
downward in all 10 of Haiti's
departments, or regions,
according to the Health Min-
istry's latest bulletin, released
Thursday. The only places it
appears to be still rising are in a
few isolated spots in the north-
west and south. Behind the
drop is a massive emergency
public health campaign in
response to the outbreak. A
new network of cholera centers
staffed by Haitian doctors and
nurses, NGOs and internation-
al volunteers has made it easier
for victims to get oral and intra-
veneous rehydration treatment,
saving thousands of lives.

There have also been exten-
sive efforts to ensure access to
clean water, as well as public
public health campaigns to
teach people how to avoid
cholera. Finally the dry condi-
tions of recent weeks have
slowed the spread of the bacte-
ria.

Health statistics in Haiti are
unreliable, so it's hard to get a
precise picture of the situation.
World Health Organization
spokeswoman Nyka Alexander
noted that it's hard to know
what is happening in remote
regions where many have little
or no access to health care.

Some 40 patients a day are
still coming to the Doctors
Without Borders treatment
center in Saint Marc, where the
disease first exploded, but that's
a third of what it was in Decem-
ber and there hasn't been a
death in six weeks, said field
coordinator Oscar Sanchez
Rey.

Mebombo

"Is this is the end? Nobody
really knows, but the situation
is better," Sanchez said as he
took a break from treating
patients, including a family of
six that all came down with the
disease together. He cautioned
that even though fewer people
are getting sick, the center's
work is still critical: "If no one is
treating patients, they are going
to die, because it's a lethal dis-
ease."

Lilane Estime, 42, tried to
sleep on a wooden bench as
doctors attended to three of her
children. She said all four had
piled onto a motorcycle taxi
and traveled an hour along a
dusty coastal road to reach the
clinic. Seemingly healthy, she
said she could feel cholera
inside her, though she hadn't
gotten sick yet.

"Tf there's a disease going
around killing people, you're
going to be scared," Estime
said.

In Cite Soleil, the dense slum
at the northern edge of Port-
au-Prince, the number of new
cases is now about 15 per week,
down from a high of 700, and
there are similar reports from
nearby neighborhoods. In the
hard-hit Artibonite Valley, the
weekly new caseload is about
700, compared with more than
4,800 in November.

"We don't want to say, ‘OK,
cholera is finished,’ because it's
not,” said Cinta Pluma, a
spokeswoman for the aid group
Oxfam. "But it does seem to
be going down."

Caused by a bacteria that
spreads through contaminated
water, the disease so far has
sickened more than 194,000
people and killed about 3,890
nationwide. It can lead to a
rapid, painful death through
complete dehydration, but is
easily treatable if caught in
time.

In December, U.N. Secretary
General Ban Ki-Moon warned
the outbreak could affect as
many as 650,000 people over
six months, but that seems less
likely now. The Pan-American
Health Organization still pro-
jects cholera will sicken about
400,000 people over a year.

The U.N. Food and Agricul-
ture Organization warned in
December that cholera would
also worsen hunger in the
impoverished nation.

Surveys showed workers in
the Artibonite, Haiti's main
agriculture zone, were afraid to
wade into rice fields and the
public was shunning the
region's produce, causing steep
price drops in the local street
markets.

Jackson Dorgil, an FAO
agricultural technician in the
area, said prices for staple crops
such as onions, tomatoes and
melons plummeted — and
much couldn't be sold at all.

But that too seems to have
improved. At the region's main
market in Pont-Sonde on Sat-
urday, prices and sales were
back to normal, with hundreds
of women selling produce, fish
and other products in neat little
pyramids spread over burlap
sacks.

"Life is starting to be normal
again,” Dorgil said during a
tour of the region.

Rice fields there were filled
with barefoot workers up to
their ankles in muddy water
believed to be contaminated
with the cholera bacteria, plant-
ing the crop under a blistering
sun. Most earn about $2.50 for
a six-hour workday.

Fresnel Louis, the president
of a worker's association in the
area, said radio commentators
were warning people not to go
into the water at the start of
the outbreak, but there were
few options.

"If you tell people in the Art-
ibonite not to touch the water,
you are telling them not to
work — because that's what we
have here," Louis said.

rm lovin’ it

Uae a



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









‘NO DELUSIONS’
ON ONE-OFF
S63MBORCO

WINDFALL



ZHIVARGO LAING

By NEIL HARTNELL

Tribune Business Editor

The $63 million one-off tax

payment received from the
sale of an 80 per cent stake
in the Bahamas Oil Refining

ernment’s core fiscal issues,

bune Business it had “no

SEE page 6B

BIC BLASTS
"EXCESSIVE
FEES FACED —

* Describes licence fee
equivalent to 3% of turnover
as ‘onerous’, and calls for
payment installments

* Objects to ‘subsidising’
URCA’s regulation of other
sectors

* Claims it is ‘over- regulated

By NEIL HARTNELL

Tribune Business Editor ;

The Bahamas Telecom-
munications Company
(BTC) has hit out at the
“excessively high licence
fees” levied on Bahamian
telecoms industry operators,
describing a Communica-

to 3 per cent of annual
turnover as “onerous”,
that it cannot be paid in
installments.

Responding yesterday to
the Utilities Regulation and } :
Competition Authority’s $ ~ all on the rise.
(URCA) three-year draft } 1s a we
i the Association of Certified

; Fraud Examiners (ACFE)

strategy and 2011 annual plan,

SEE page 6B

Damianos

Tar

(4455990 4E TE

ae baa

THE TRIBUNE

usiness

TUES DAY.

JANUARY 25,

2011

SECTION B ¢ business@tribunemedia.net

BEC targets profit

‘in $8-$10m range

i By ALISON LOWE
i Business Reporter
i alowe@tribunemedia.net

The Bahamas Electricity

i Corporation (BEC) is
? expected to generate a net
: profit in the “$8 million to
i $10 million” range in its
? 2011 financial year, Tribune
? Business was told yesterday,
i as its chairman waits to see
: whether auditors confirm it
? turned a “small profit” for
: the first time in five years in
i 2010,

Michael Moss said the

! Corporation is seeing a

“major turnaround” finan-
cially, which will allow the

i public to “feel more com-
i fortable” with the status of

: the state-owned power pro-

Company (BORCO) will not } qycer.

be allowed to mask the Gov- }

Meanwhile, Mr Moss said

th mee f crate @ that while there is “an ele-
7 ~ means . aie . 7 : ment of risk” that BEC cus-
oe ea 2 homers wall <6e-price hikes

delusions” about the effects - result of climbing " I
? prices this year, that risk is

i not “severe” and may be

ACFE MEMBERS and
Winston Rolle.

i By NEIL HARTNELL
? Tribune Business Editor

A leading Bahamian

i accountant yesterday said
: he had seen a 10 per cent
: 1 ! : increase in fraud-related
tions Licence Fee equivalent i assignments and investiga-

; ? tions he had been asked to
sIVen + undertake since the reces-
i sion hit, with various forms

of fraud - purchasing, inven-
tory and financial statements

Speaking at the launch of

SEE page 4B

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offset by gains in electricity
generation efficiency this
year thanks the Corpora-
tion’s improved financial
position.

The chairman noted that
having been placed in a posi-
tion where it had to pay sup-
pliers in advance for materi-
als, after its financial posi-
tion took a nose dive froma
loss of just under $3 million
in the 2005-2006 fiscal year
to a $32 million hole in 2009,
it was “very positive” that
one supplier has now
removed that requirement
and the Corporation is look-
ing forward to others fol-
lowing suit.

As for what this will even-
tually mean for the cus-
tomer, Mr Moss said: “It will
mean there will be improve-
ments in our maintenance
capability, because we can
get materials on a more
timely basis and be able to
execute works more swiftly,
rather than delaying and
deferring as we have been

Accountant in 10%

thus far. “Putting the busi-
ness on a sounder footing
also gives us more of an
opportunity and capacity to
make the kind of capital
investments to make sure
we can provide a reliable
service to our customers.

“It creates a whole new
refreshing picture that we
are finally restoring the
organisation to a semblance
of fiscal prudence going for-
ward.”

Ultimately, Mr Moss said
he hopes an ongoing upturn
in BEC’s financial status will
allow it to go to the inter-
national market to borrow
money “on our own
strength”, as opposed to
requiring guarantees from
the Government, although
improving lenders’ confi-
dence make take some time.

In October, Mr Moss had
suggested that BEC may
reduce its losses in 2010 to
$5 million to $10 million,

SEE page 4B

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



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for Business
Licence recovery

By ALISON LOWE
Business Reporter
alowe@tribunemedia.net

A Bahamian accountant yesterday suggested that pri-
vate hospitals and medical clinics may have been incor-
rectly required to pay Business Licence fees, amounting
to hundreds of thousands of dollars, for decades.

Theofanis Cochinamogulos, managing partner of
Cochinamogulos and Co, a chartered accountancy and
management consultancy firm, told Tribune Business
yesterday that it was his belief, in consultation with attor-
neys, that private medical clinics and Doctors Hospital
may be wise to consider the possibility of “recovery” of
the Business License fees paid under the old Act given its

wording.

“We have received legal advice which would indicate
there is a good case which could be made for recovery,”

said Mr Cochinamogulos.

Sub-section (1)(c) of section seven of the Business
License Act 1980 (replaced this year by the Business
License Act 2010, which came into force on January 1,
2011), states: “Notwithstanding anything to contrary in
section (4), no fee shall be payable under this Act by a
medical clinic or hospital carried on within the Bahamas
approved for the purpose by the Minister.”

SEE page 4B



CABLE QUESTIONING CELLULAR
EXCLUSIVITY POLICY COMPLIANCE

By NEIL HARTNELL
Tribune Business Editor

Cable Bahamas yesterday
questioned whether the likely
extension to the Bahamas
Telecommunications Compa-
ny’s (BTC) cellular monop-
oly is being effected in accor-
dance with the Communica-
tions Sector Policy, the BISX-
listed company urging regu-
lators to at least permit some
early competition in this seg-
ment by providing for mobile
virtual networks (MVNOs).

SEE page 6B

* Asks if BIC’s monopoly
extension from two to three
years coming from URCA
proposal, as required for
changes to sector policy

* Urges that rivals be allowed
to offer competing services
via BIC’s network, so ‘triple
play’ can be provided

* URCA urged to stop ‘stall’
and have number portability
working by end-2011

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THE TRIBUNE

TUESDAY, JANUARY 25, 2011, PAGE 3B





URCAS 3.3% overheal "Tourism’s concern on
missed EPA duty falls

But Bahamian hotels see positive impact from EU trade deal

increase ‘inappropriate’

By NEIL HARTNELL
Tribune Business Editor

Leading Bahamian telecommunications companies have }

int : By ALISON LOWE
budget for 2011, one describing the 9.3 per cent or $449,637 | Business Reporter

i alowe@tribunemedia.net

expressed “extreme disappointment” with the sector regulator’s

increase in its budgeted overhead as “inappropriate” in an eco-
nomic downturn.

Paul Hutton-Ashkenny, president of Systems Resource Group

(SRG), which operates as president of IndiGo Networks, in his

of 2010.

“At a time of economic downturn, when businesses are faced }
with taking aggressive steps to contain and cut their overhead, SRG }
is concerned that URCA proposes to engage in quite the opposite }

by instead substantially increasing its overhead in 2011,” Mr Hut- : : L E
: Caribbean Council, a London-based inter-
“With the greatest respect, SRG believes that in the current eco- } national consultancy organisation focused

nomic climate URCA’s proposed increase in budgeted overhead ; 02 Caribbean development, was released

of 9.3 per cent over 2010, representing an additional $449,637, is | tlier this month and presented to tourism

? stakeholders at the Caribbean Marketplace

“Like private companies in the sector that it regulates, URCA 2011, held in Montego Bay, last week.

must be prepared to be seen to be acting in a fiscally responsible }
manne and avoiding becoming Dose wth exeesve ss S| for he Cea tourom seo, the oat
ee ? ment discusses the offers made in regard to
ee i both goods and services sold in the
The Bahamas Telecommunications Company (BTC), mean- } 8

while, said it was “extremely disappointed” with URCA’s budget, } lenges the EPA presents for the region’s

L . ? top industry. The manual concludes that
It pointed out that fee and licence revenues generated by the } the EPA “offers significant opportunities to
1 : . ? the Caribbean tourism industry over the
although they rose by 3 per cent in 2009. This, BTC said, showed } next decade, and it is vital that the industry
i? takes full advantage of the commitments
sive licence fees imposed by URCA, which URCA continues to :

ignore, to justify as the rationale for the percentages imposed on }

ton-Ashkenny said.

inappropriate.

operators to pay for its excess.”

which had grown by $500,000.
communications sector had fallen in 2008, in comparison to 2007,

a “levelling off”, although “licensees were attacked by the exces-

licensees”.

half times” the regulator’s training budget.

URCA’s stated training goals.

relocation on top of the $1 million allocated for this.

impact the regulator’s activities and licence activities.

OVERSEAS NEVVS



A new “layman’s” manual on the impli-

: cations of the Economic Partnership Agree-
response to the Utilities Regulation & Competition Authority’s }
(URCA) budget and three-year draft strategy, urged the regulator
to “exercise fiscal restraint” and set its 2011 budget to match that }
i hoped for” in the area of import duty

ment (EPA) for the Caribbean tourism
industry has suggested the trade deal “will
not have the beneficial effect which was

reductions, as 75 per cent of all goods com-
monly imported by the industry will see
no tariff reductions.

The document, produced by the

Entitled Taking advantage of the Eco-

nomic Partnership Agreement: A manual

Caribbean, and the opportunities and chal-

made by the EU”.
Opportunities include the possibility of

i duty reductions in some areas, “training,

BTC added that staff costs had increased year-over-year by }
$300,000 compared to 2010, despite only two extra employees }
being added, while the salaries for the two posts - URCA’s chief }
executive and director of policy and regulation - was “one-and-a- }
? petitive practices by EU companies oper-
Some $291,000 had been allocated to training and conferences, : ating in the Caribbean tourism sector, and
BTC said, a $47,000 increase compared to 2010, with the former fig- : | C © bri
ure accounting for 5.5 per cent of URCA’s $5.3 million total oper- } S¢TVIces that will benefit the tourism indus-

ating expenditure. BTC hinted that this did not square with }

technical assistance and capacity building
support”, opportunities for Caribbean
tourism companies to “operate more easi-
ly in the EU”, protection against anti-com-

new market entrants from Europe bringing

try.
It also warns that the EPA will “cause

Cable Bahamas, too, expressed concern, adding that URCA ; new competitive threats to the industry,

had added another $214,440 to costs associated with its head office } ; : ;
? other tourism providers being allowed to

It also called on URCA to justify the $5.9 million that was } provide DEW piv Ces 10 the Caribbean :
; : ? Such potential threats, however, are “care-

transferred from it to the Government, and asked how this would : oe
i fully regulated by the agreement” with

primarily relating to European hotel and

“measures of protec-
tion included in the
EPA” laid out in the
manual itself.

Responding to the
manual’s position on
the protection of
import duties on
many goods demand-
ed by the tourism sec-
tor, Bahamas Hotel
Association president,
Stuart Bowe, yester-
day suggested the
agreement’s overall impact in this regard
will be a positive one.

He told Tribune Business that while
duties “will remain for some categories,
the market will become liberalised for
many, particularly for major equipment
purchases”.

“This will ultimately result in less expen-
sive prices for many goods for Bahamian
businesses,” Mr Bowe said.

Meanwhile, he added that the region and
the Bahamas “did well in looking out for
the core interests” of “allied members” of
the tourism industry, such as tour operators
and publishers, by ensuring their service
sectors were not subject to “full liberalisa-
tion”, and therefore “the threat of foreign
ownership by large, global EU-based com-
panies”.

The manual notes that under the EPA,
only around 10 per cent of all import duties
were “excluded altogether from any long-
term duty reductions” due to governments’
desire to protect indigenous industries or
revenue streams.

Within this 10 per cent exists a “very
substantial proportion of the products the
industry currently imports, particularly in
the area of foodstuffs”.

“As such, the EPA will not have the ben-
eficial effect which was hoped for in terms
of dramatically reducing the import costs of
the day-to-day requirements of hoteliers
and other tourism providers,” said the doc-
ument. It adds that there are examples of
more high cost but “less regularly import-
ed” products which were subject in the past



STUART BOWE

to “prohibitively high import duties”, like
televisions, which will see duty reductions.

However, such items were often subject
to duty waivers for the hotel and tourism
industry already in many cases, the manu-
al notes.

Mr Bowe and BHA executive vice-pres-
ident, Frank Comito, attended a workshop
during the Caribbean Marketplace 2011 in
which the new manual was discussed and, in
a statement issued to Tribune Business yes-
terday, Mr Bowe said the BHA, in con-
junction with the Caribbean Hotel and
Tourism Association, is committed to “find-
ing ways to assist the Bahamas’ tourism
sector in taking advantage of the EPA
opportunities”.

Such efforts will involve sharing with its
members, both hotels and other tourism
operators, information about how they
themselves can seek assistance through the
EPA’s provisions towards becoming more
competitive, said Mr Bowe.

He noted that the manual itself states
that “immediate opportunities” in this
regard exist in the form of “an array of
technical assistance” available to Caribbean
tourism operators in areas including: envi-
ronmental management; energy efficien-
cy; developing new Internet marketing
strategies; language training exchange pro-
grams; promoting eco and sustainable
tourism programs; and information tech-
nology support.

“The handbook provides a layman's
overview of the EPA, aimed at assisting
tourism stakeholders in understanding
where opportunities will exist for the
exchange of goods and services, and where
technical assistance will be available to
assist the sector. We welcome this tool and
will be working with CHTA on finding
ways to assist the Bahamas tourism sector
in taking advantage of the EPA opportu-
nities,” said Mr Bowe.

He added that “over the coming months
national hotel associations in the region
will explore with CHTA these various
opportunities for assistance and, through
CHTA, will seek funding support” from
the EU via the EPA.



Bernanke bond plan faces US hiring plans top layoffs by most in twelve years

more skeptics within Fed

JEANNINE AVERSA,
AP Economics Writer
WASHINGTON

Treasury bond purchase plan.

face stiffer resistance within the Fed.

ing stock prices. But some, like the two new Fed voting mem-

inflation by keeping rates too low for too long.

The Fed's first meeting of the year will occur Tuesday and }
Wednesday, after which it will issue a policy statement. Among }
four regional Fed bank presidents who will rotate onto the :
policymaking group are two who have spoken out against the }
Treasury bond plan: Charles Plosser of the Federal Reserve }
Bank of Philadelphia and Richard Fisher of the Federal Reserve :

Bank of Dallas.

Plosser and Fisher would likely oppose any effort to extend
the program. They may even pressure Chairman Ben Bernanke :

to scale back the program before June.

The Fed's mid-March or late-April meetings will likely be piv- }
otal. That's when the Fed will probably signal its decision }
about the bond-buying program. The bond purchases, besides
inciting concerns from some Fed officials, have drawn criticism }
from Republican lawmakers and from China, Brazil, Germany i

and other key trading partners.

When they were previously voting members, during the 2008
financial crisis, Fisher and Plosser opposed Bernanke's deep }
interest rate cuts. Fisher dissented at five of the Fed's 10 meet- :

ings that year, Plosser at two.

Both could also dissent from the Fed's likely decisions this
year to continue holding its key interest rate at a record low ;
near zero. Most economists don't think the Fed will start boost- }
ing rates until next year. But Fisher and Plosser may try to prod }

the Fed to raise rates sooner.

At this week's meeting, the Fed is all but certain to maintain }
the pace of its bond-buying program, and hold interest rates at
ultra-low levels. While Bernanke has said the economy is :
strengthening, he and other officials have also cited economic :

threats that they say justify continued bond purchases.

More foreclosed homes could depress home prices, for exam- }
ple. State and local governments around the country are facing }
budget crises and may further cut spending and staff levels. }
Europe's debt problems could roil Wall Street, dragging down }
stock prices. Combined, those possibilities could cause Amer- :

icans to spend more cautiously, slowing the economy.

"The Fed is going to proceed cautiously,” said Alice Rivlin,
who served as the Fed's No. 2 official in the late 1990s. "They :
are looking for a stronger recovery, but they can't predict :

exactly how it will play out.”

Fisher and Plosser probably won't dissent at this week's :
meeting. But they're likely to break from Bernanke in the }
spring. The economy is expected to be growing faster by then, }
and inflation could be running a bit higher. Still, unemployment, }

now at 9.4 percent, is expected to remain elevated.

Fisher and Plosser are considered inflation "hawks" — more }
concerned about the threat of high inflation than about the need
to stimulate the economy. They're less inclined to back low }
interest rates and other steps that might ease high unemploy- ;

ment if the risk of fanning inflation seems too high.

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

DANIEL WAGNER,
AP Business Writer

WASHINGTON

Industry economists say the

: US. economic recovery is gain-
? ing strength, with more firms
Few expect any major shifts when the Federal Reserve's } oa ies oe plans
policymaking panel meets this week, even though two of its new } “40 Im over a decade.

voting members have been skeptics of the Fed's $600 billion Nistisnal' Aecomntiod tor Rusk

? ness Economics finds that econ-

That could all change by spring, when the Fed must decide | Qicts are more hopeful about

whether to extend its bond purchases. Any push to renew the } overall economic growth, the

program beyond its scheduled June 30 end date would likely i job market and demand for
. . : companies’ products and ser-
The Treasury bond purchases are intended to aid the econ- : vices by many measures than

omy by lowering interest rates, encouraging spending and rais- :

A new survey from the

they have been since the start

: of the Great Recession.
bers, warn that the bond purchases could eventually ignite :

The survey found that busi-

ness decisions are now "being
driven by the fundamentals of
an improving economy,” said
Shawn DuBravac, an economist
with the Consumer Electronics
Association who analyzed the
findings.

The quarterly survey includes
the views of 84 economists for
private companies and trade
groups who are NABE mem-
bers. The data are reported by
broad industry group. Many
results are expressed as Net
Rising Index, or NRI — the
percentage of panelists report-
ing better outlooks minus the
percentage whose outlook is
bleaker.

The number of economists

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tion has been asked.

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PAGE 4B, TUESDAY, JANUARY 25, 2011

THE TRIBUNE





Medical facilities

‘may have case’
for Business
JF CaNC encoun es



FROM page 1B

Mr Cochinamogulous said that based on this,

right for clinics and hospitals under the law”.

been with the hospital.

Annoyed

“We're very much annoyed with it. We’ve written to the
Attorney General’s Office, the Prime Minister’s, saying
that we should be recognised as a hospital. They are saying
we are recognised as a private company. It’s really bad

Bahamians,” said Mr Sealy.

He added that Doctors Hospital provides “the same lev-
el of or more” healthcare to Bahamians, and therefore
comes to payment of fees to the Government.

the Government to reconsider, it has not “gotten anywhere”
with the matter. Communications sent to the Attorney

General’s Office “up to last year have not gotten any }
i government mandate that we cap the
? surcharge, and that rather than a loan
: it should be used to offset those bills.
: The Government concurred, so rather
. . : ..., : than having that as asum to be repaid
Mr Cochinamogulos said a number of private medical ; we had that as income,” said Mr Moss,

clinics had been in touch with him on the question of the who said the cap had meant BEC was

response”.

Private

Business License fees.

Asked yesterday about the Government’s rationale in } ‘
seeking to have the clinics and hospital pay the fees despite } OTS Dower Bene raed:
the wording of the Act, minister of state for finance, Zhivar- ; fficiently in 2011 7
go Laing, told Tribune Business “for profit businesses must } poReemeemicenhy ed nome

pay business license fees” and this is further reflected in the :

Accountant in 10%

ing, Mr Laing said: “You can’t ask me about the intent of an }

new Business License Act.
Queried on the intent of the original Act, given its word-

Act that was written ye7ars ago.”

And as for whether the Government would consider
refunding any hospitals or clinics who believe they may :

have wrongfully paid the fees under the old Act, the Minister Bahamas Chapter, just the

? second of its kind in the
i Caribbean,
: Christie, partner at Grant
: Thornton (Bahamas), said
i that with fraudsters increas-
? ingly “finding new ways to
i steal inventory” and other
? assets, the organisation
: would play a key role in
: educating Bahamian con-
? sumers and businesses on
: what these methods were
? and how they could combat
? it.

said: “I have no idea what you are talking about.”

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ENTERPRISE WIRELESS

BEC targets profits

in

FROM page 1B

oh ald : compared to 2009’s $32 million loss.

appear that the granting of business license exemptions is a : Yesterday, Mr Moss said that while

: final audited financial statements had
Charles Sealey, chief executive of Doctors’ Hospital, said } not been completed, his expectations
yesterday that that company had been disputing the payment | have ae ees somewhat, ee the
of Business Licence fees for longer than the 11 years he has } Possibility that BEC could see a

“potential swing” of anywhere between

? a $5 million loss and a $5 million prof-
i it recorded for 2010.

Providing some context to this pro-

: jection, Mr Moss said: “There have
: been better controls on expenditures
? during the year. The tariff (rate
i increase) certainly has helped a little bit
: better than we had anticipated.”

because it causes an increase in the cost of healthcare to |

He added that the Government’s

? decision in November not to seek to
i recoup a $3 million “loan” it extended
: to BEC in light of its decision that the
believes it should be considered on an equal footing when it |

fuel surcharge would be capped at 15

? cents per kilowatt hour for “small
Mr Sealy said that despite the hospital’s efforts to get ;

users” also helped.
“BEC advanced to the point that it

was no fault of ours that we were being

deprived of these funds, as it was a

“charging less than the realistic value”

Speaking to BEC’s plans to produce

thing he said should “shield” con-
sumers in part from oil price rises, Mr
Moss said measures are to be imple-
mented which “should result in us pro-
ducing more and more electricity from
our highest efficiency generation
units”.

“We have not been able to do that to
date because we have not been able
to keep them maintained as well as we
would want without the financials to do
so. So they have been breaking down
and we have had to do patch jobs,”
Mr Moss said.

Stabilisation

“If we are able to bring about those
efficiencies hopefully people will see a
stabilisation in the price of electricity
and be shielded from any major oil
price increases. If it goes up 50 per
cent there’s not much you can do to
totally shield customers from that, but
if you have minor increases, 15-20 per
cent, and you can improve operational
efficiency gains 15-20 per cent, cus-
tomers could be shielded,” said Mr
Moss.

The chairman said the Corporation
will be seeking primarily to offset the
rising price of oil by this means rather
than through fuel price “hedging” - the
practice of secking to set a fixed cost
for oil purchased in advanced, in antic-
ipation that this will end up being
cheaper than the price to which it may
rise on the international market.

$8-$10m range

While the Corporation has employed
fuel hedging strategies in the past, Mr
Moss said that primarily because of
the anticipated public reaction should
the Corporation “get it wrong”, it
would no longer be doing so.

“It’s good to hedge if you are in a
regulated environment where you can
go to the regulator and defend your
position. I would say in the largely
unregulated environment in which we
exist it is best you charge actual prices
than to hedge,” he explained.

“The problem is when you hedge
you sometimes lose; you don’t always
win. If we say we hedge at $80 and the
real price ends up at $60 a barrel then
customers will be saying: ‘Oil prices
went down, why are you charging me
more?’, and we will say: “We thought it
would go to $100 a barrel so we hedged
at $80’.

“Sometimes the public is not familiar
and they expect that every time you
will win...that doesn’t happen.”

Nonetheless, Mr Moss said he sees
price hedging as a “strategy for the
future” for BEC, once it comes under
the regulatory control of the Utilities
Regulation and Competition Authori-
ty (URCA), as the Government
intends it to.

“T believe it’s best implemented
when you have someone like URCA
taking responsibility. You can go to
them and say: ‘This is our strategy, this
is what we believe it will yield’, and
you get a ‘yay’ or ‘nay’ beforehand,” he
explained.

FROM page 1B

Kendrick

the Bahamas and bring it to
light to the regulators and
companies,” Mr Christie
explained, assisting the latter
with revamping internal con-
trols, deterrent methods and
technology.

Emphasising just how crit-
ical it was to educate
Bahamians on detecting and
preventing fraud, Mr
Christie recalled how he
recently had to persuade
someone not to comply with
a ‘phishing’ e-mail, which
alleged that the sender was
‘stuck in London’ without
cash and needed to be sent



" find out what’s going on in

AROADRAND | YVORSE | DIRECTORY



“This organisation can $5 000 to enable them to

return home.

“Thad to convince some-
one not to send the money,”
Mr Christie said, adding that
he sent the person in ques-
tion to the ACFE website
to read details about the
scam for themselves.

“T think this organisation
[the ACFE Bahamas Chap-
ter], it’s really historic. It can
make inroads in educating
consumers, companies, non-
profit organisations and
individuals as well,” he
added. “The threat of detec-
tion is actually one of the
things employees are most
afraid of.”

With 7 per cent of rev-
enue the global ‘Rule of
thumb” for estimating how
much of their annual
turnover businesses lost to
fraud per annum, translat-
ed into the Bahamian con-
text of a $7 billion annual
gross domestic product
(GDP), that implied fraud
cost this nation $490 million
- almost $500 million - every
year.

William Walkine, a certi-
fied public accountant and
ACFE Bahamas Chapter
member, described that sum
as “a horrendous number”.

The Royal Bahamas
Police Force yesterday said
that in 2010 some 330 per-
sons were arrested for a
variety of fraud offences,
with 204 charged before the
courts on 290 matters.

Among the alleged
offences were advance fee-
type frauds; persons offer-
ing home and land packages
that did not exist; persons
collecting thousands of dol-
lars in advance for vehicles
they did not deliver; employ-
ee theft and embezzlement;
stealing by reason of service;
and Immigration scams.

Ed Rahming, managing

ACFE members.

director of KRyS Global
(Bahamas) and president of
the ACFE Bahamas Chap-
ter, said: “One of the things
I’ve seen is purchasing
fraud, where a local of for-
eign vendor, works with
someone in the organisation
to double the price, then
pays a kickback to the staff
member involved.

“It’s becoming very popu-
lar and very hard to detect,
unless you know what the
price should be or have
someone checking over the
shoulder.”

And Mr Christie added:
“Inventory theft is a big one
in the Bahamas. I know a
gentleman operating a fish
factory who is literally under
siege. He’s put in all sorts of
controls and cameras, but
the employees are finding
creative ways to get around
them, hiding inventory in
their clothing.

“Inventory theft is a big
one, but one often missed is
financial statement fraud.
I’ve already seen cases of
persons under pressure to
produce results manipulat-
ing the statements, manipu-
lating the numbers.”

Part of the ACFE
Bahamas Chapter’s educa-
tion mission, he added, was
to “educate companies and
investors on unusual num-
bers, things that don’t make
sense in financial state-
ments” as a way to combat
financial statement fraud.

Mr Rahming described
financial statement fraud as
“a big thing” in the US and
UK. He added that the
motivation to manipulate a
firm’s financial performance
upwards came from the
need to meet stock market
and analyst expectations;
increase its purchase price

if subject to a takeover; and,
for the individual, to meet
targets so they could earn a
bonus or access stock
options. Companies might
also manipulate numbers
downwards to reduce, for
example, their tax burden.

“Financial statement
fraud is the biggest threat in
the US and UK, and some-
thing we need to educate
persons here in the business
community about, taking
them through some of the
incidents we’ve found, of
people manipulating the
numbers to get a higher
bonus,” Mr Rahming said.

“Tt’s not so much con-
nected to the stock market
here, because it’s very unso-
phisticated, but more for
financial gain.”

Mr Walkine said that
meeting financial ratios and
covenants stipulated by
lenders, such as the bank,
was another motivation for
Bahamian companies to fid-
dle the books.

Mr Christie said that
based on his experience, he
had seen a 10 per cent
increase in fraud assign-
ments since the recession
struck. “I’m not sure there’s
been a significant pick-up in
fraud, but I’ve seen organi-
sations, even the Govern-
ment, which in the past
would have swept it under
the rug and worked it out,
bringing in professionals,”
he said. The Grant Thorn-
ton (Bahamas) partner
added that that Bahamian
CFEs could work “hand in
glove” with the police on
fraud investigations, adding
that banks, too, were more
willing to call people in from
the outside to conduct fraud
and forensic accounting
investigations.

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



Full Text


PAGE 6B, TUESDAY, JANUARY 25, 2011

THE TRIBUNE



NO DELUSIONS’ ON ONE-OFF cccisiny otc copie
$63M BORCO WINDFALL

FROM page 1B

of such one-off transactions.

Commenting on the unanticipated
windfall to the Public Treasury as a result
of Buckeye Partners’ $1.36 billion pur-
chase of a First Reserve’s majority hold-
ing in BORCO, Zhivargo Laing said the
receipt of the $63 million - confirmed by
Buckeye yesterday - was “good news”
for the Government’s fiscal position.

“We are always delighted to receive
revenue in the Treasury, especially rev-
enue that was not anticipated,” Mr Laing
told Tribune Business. “That has been
good news. It helps. We have to be grate-
ful for that. It all goes into that wonder-
ful pot called the Government’s [funds].”

Asked whether the BORCO payment
could induce a false sense of security
when it came to the Government’s fiscal
position, Mr Laing replied adamantly:
“No. We’re sensible enough to know
what matters are accounted for, to know
what matters are not accounted for, to
know what matters are on-off transac-
tions, and to know what matters are
recurring items.

“We have no delusions about these
things when we analyse the performance
of revenue.”

Breaking down how the $1.36 billion
paid to First Reserve was used, Buck-
eye Partners said in a filing with the Secu-

rities & Exchange Commission (SEC):
“The purchase price was paid in a com-
bination of cash and equity. At closing,
approximately $644 million in cash was
paid to First Reserve, $400 million of
consideration was paid by the issuance of
LP Units and Class B Units to First
Reserve, and approximately $63 million
was used to pay applicable Bahamian
transfer taxes,

“Approximately $320 million was used
to repay existing indebtedness of a sub-
sidiary of [BORCO’s parent], approxi-
mately $18 million was used to make cer-
tain payments to BORCO’s operator and
indirect minority owner and bonuses to
employees that became payable as a
result of the transaction, and approxi-
mately $9 million was used to pay certain
fees and expenses incurred by [BOR-
CO’s parent] and its affiliates in connec-
tion with the transaction.”

Proceeds

Tribune Business previously reported
that the BORCO deal proceeds, when
combined with the $210 million received
from the impending Bahamas Telecom-
munications Company (BTC) sale, could
wipe out much of this year's fiscal deficit.
The two one-off transactions will be
music to the ears of a hard-pressed
Public Treasury, which has been forced

to borrow to meet civil service payrolls
after tax revenues nosedived due to the
recession, and was projected to incur a
total $302 million deficit for the 2010-
2011 Budget year.

ment says will be raised from selling a 51

windfall that it did not account for in its
2010-2011 Budget.

June 30, 2011.

The Government projected last year in i of BTC’s cellular monopoly will be extended to three years,”

? Cable Bahamas wrote to URCA. “[We] inquire (a) whether

: : URCA made such a proposal, and (b) was this based on com-
cio pas eres eae : petition principles or on a market review?”

its Budget that it would incur a total fis-
cal deficit of $302 million for fiscal 2010-

just $15 million.

$60 million surplus under this method.

FROM page 1B

the state-owned incumbent

BIC BLASTS “EXCESSIVE’ FEES FACED

added that the regulator had
never justified the licence fee,
equivalent to 1.1 per cent of
turnover, that it was also
required to pay.

Arguing that the fees levied
on Bahamas-based communi-
cations sector operators were
relatively high compared to
other jurisdictions, BTC said
it objected to itself and others
effectively | subsidising
URCA’s costs involved in
readying to regulate other
utilities, such as electricity and
water. “In a sector character-
ized by excessively high
licence fees, BTC......... is very
concerned that URCA has
included in its 2011 report
provisions whereby telecoms
licensees are paying the cost
of training for other utilities’
‘possible’ regulation,” BTC
said.

“This is unfair given the
anticipated start-up costs of
the newly-appointed Appeals
Tribunal, which are yet to be
determined and the depressed

economic climate. This sub-
sidisation by communications
licensees of other utility reg-
ulation preparation is unwel-
comed and vehemently
opposed by BTC. Again,
URCA appears to be exist-
ing in a ‘bubble’ oblivious to
the economic realities of the
Bahamian market and work-
ing through a ‘wish list’ of
items.”

As for the fee structure it
faces, the state-owned incum-
bent, which is in the process
of being privatised through
the sale of a majority 51 per
cent stake to Cable & Wire-

less Communications (CWC), eae the Communications Act’s }
said the Communications and objectives. Quarterly pay- }
Licence fees effectively meant Surcharge ments without interest would :

that it and other operators
were paying two separate fees
for one operating licence.
Reiterating that the fees
were “excessive”, and that
URCA had never justified the
1.1 per cent of turnover rate
used to determine its Licence

PUBLIC NOTICE

INTENT TO CHANGE NAME BY DEED POLL
The Public is hereby advised that |, LISA CANDISE
KNOWLES of #1 ARDEN FOREST ROAD, FREEPORT,
GRAND BAHAMA, intend to change my name to LISA

CANDISE SEARS. If there are any objections to this
change of name by Deed Poll, you may write such
objections to the Deputy Chief Passport Officer, P.O.Box
F-43536, Grand, Bahama no later than thirty (30) days
after the date of publication of this notice.

















S2wk-Low
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0.18
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2.14
9.62
2.36
5.40
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BFF
3.75
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Bank of Bahamas
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Focol Class B Preference

ROYAL FIDELITY

honey 2f Wark

fee, BTC also criticised the
requirement that it pay its
Communications Licence fee
by April 1 every year in one
lump payment.

“BTC holds fast to the view
that the Communications
Licence fee of 3 per cent of
the relevant turnover is oner-
ous when compared to other
jurisdictions, particularly giv-
en the initial mandate to pay
the total fee amount up front,
and firmly disallowing install-
ments as previously facilitated
by their predecessor, the
PUC, with the franchise fee,”

be very high”.

challenging economic times,
as amore reasonable alterna-

licencees to pay an entire

ments but with interest),”
Cable Bahamas argued.

“Additionally, the statutory
interest under Section 94 of
the Communications Act
specifies a surcharge of 4 per
cent over the Prime lending
rate for a delinquent/late pay-
ment, and us equally as oner-
ous.

“BTC is being mandated to
pay based on the previous
year’s profitability/earnings
with a true up on completing
of financial statements, there-
by committing to an uncer-
tain amount which, going for-
ward and as competition
increases, could be even less
certain.”

BTC was backed on this
issue by Cable Bahamas
which, while welcoming the
reduced fees associated with
individual operating licences,

followed in other jurisdictions,

is required.”

not be unduly burdened, and

freedom of BTC”.

also suggested it was “over

when it came to its price reg-
ulated services.

. FG
Gz

CAPITAL MARKETS
BROKERAGE & ADVISORY SERVICES

a

ec 2errca NS TAT

BISX LISTED & TRADED SECURITIES AS OF:

MONDAY, 24 JANUARY 2011
BISX ALL SHARE INDEX: CLOSE 1,480.24 | CHG -0.02 | %CHG 0.00 | YTD -19.27 | YTD % -1.29
FINDEX: CLOSE 000.00 | YTD 00.00% | 2009 -12.31%

WWW.BISXBAHAMAS.COM | TELEPHONE:242-323-2330 | FACSIMILE: 242-323-2320

1.02
10.63
4.90
0.18
2.7Q
2.41
10.21
2.40
6.85
2.06
1.60
6.07
6.51
9.38
5.48
1.00
7.40
9.82

Previous Close Today's Close

Change
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0,00
0,00.
0,00.
0,00.
0,00
-0.02
0.00.
0.00.
0.00.
0.00.
0.00.
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0.00.
0.00.

Daily Vol. EPS $ Div $ Pre
0.150 6.8
0.013 817.7
0.153 32.0
-0.877 N/M
0.168 16.1
0.016 135.6
1.050 9.7
0.781 3.1
0,422 16.2
0.111
0.107
@.357
O.287
0.494
0.366
0.000
0.012

1.02
10.63
4.90.
0.18
2.70
2AF
10,241
2.40
6.85
2.04
1.60
6.07
6.51
9.39
5.48
1.00
7.40
9.82

18.4
15.0
17.0
22.7
19.0
15.0

N/M

Ci6c.7

0.859 11.4

said these sums “continue to }
? water Ventures would have enjoyed under the deal concocted

“Particularly in light of the i

year’s fees in advance in full :
(which URCA has interpret-
ed to allow for quarterly pay- }
? to which it plans to downsize BTC’s workforce (a social and
i political liability, perhaps), many are arguing that in doing so it

“An annual up-front pay- }
ment is not consistent with :

; _Urging URCA to apply sultation for the 2011 first quarter, Cable Bahamas said allow-
light touch’ regulation, BTC } ing consumers to keep the same phone number when they

? switched telecoms providers was key to competition.
regulated in the extreme” :

try

10.00 Premier Real Estate

10.00 10.00 0.00.

0.991 10.1

BISX LISTED DEBT SECURITIES - (Bonds trade on a Percentage Pricing basis)

S2wk-Hi S2wk-Low

99.46

Security
Bahamas Note 6.95 (2029)

Symbol Last Sale

BAH29.

Change Dai

99.46 0.00.

Interest
6.95%

ly Vol. Maturity

20 November 2029.

FROM page 1B

Responding to the Government’s plans to extend BTC’s

: cellular monopoly from two years to three years, something that
? would require changes to the Communications Sector Policy,
: Cable Bahamas questioned whether this was being done on
: receipt of a proposal from sector regulator, the Utilities Reg-
? ulation & Competition Authority (URCA), as stipulated in the
? policy.

Responding to URCA’s draft three-year strategy and 2011

annual plan, Cable Bahamas argued that extending BTC’s cel-

? lular monopoly was “not in the interests” of Bahamian con-

The $63 million from BORCO, com- } sumers, and it urged the regulator to recommend that rival

bined with the $217 million the Govern- } operators be allowed to compete in this sector by providing ser-

| ? vices using the state-owned incumbent’s infrastructure.
per cent BTC stake to Cable & Wire-

less Communications ($210 million in } allow BTC’s rivals (including itself) to at least offer cellular ser-

purchase price, $7 million in Stamp Tax), ? vices as part of a ‘triple-play package’ featuring Internet and

means the Government will enjoy a 3 fixed-line services.

potential $287 million gross revenue

This, the BISX-listed communications provider added, would

Noting that the $210 million sale of a 51 per cent BTC stake

? to Cable & Wireless Communications (CWC) was likely to

? be conditioned on a cellular monopoly extension from two to

The net return to the Treasury from } three years, Cable Bahamas said the Communications Sector

both deals is uncertain given, for exam- : policy’s current language indicated it could only be changed

ple, the Government needing to cover } ypon receipt of a proposal from URCA, which was subse-

the BTC employee pension plan deficit, + quently approved by the minister responsible.

but there is little doubt that the two deals }
will cover a substantial portion of the ; change was that it took “account of technological advances

anticipated fiscal deficit for the year to alia evalu? libeialicad ake

Another condition cited as a prerequisite for any Policy

“Tt is our understanding that the exclusivity period in respect

The draft Memorandum of Understanding (MoU) between

And, given that the GFS fiscal deficit : the Government and CWC, which was leaked last week, indeed
fuente stood at $227 million, strip- ; stipulated in clauses 5.2 and 5.5 that the bidding process for a
ping out $75 million in debt principal ? second competing cellular licence in the Bahamas would not
redemption, the $287 million proceeds ; begin before the third anniversary of BT'C’s privatisation clos-
could leave the Government looking at a i se

Given that it will likely take between one to two years for the

: second cellular licence to be awarded, and the winner to build
? out their rival network, many observers believe it could take five
: years - until early 2016 - before cellular competition arrives in
: the Bahamas.

This, they have pointed out, means that CWC will effec-
tively enjoy the same five-year cellular exclusivity that Blue-

under the former Christie administration.
The same observers argue that with the profits generated by

the cellular exclusivity, CWC will not only have more than

tive to the up-front annual ? enough time to prepare BTC for competition, but also recoup

payment requirement, URCA : much of the $210 million purchase price before the market is

should revisit the current fully liberalised.

licence obligation requiring }

Exclusivity

While the Government is likely to have agreed to extend the
exclusivity period as a trade-off for CWC reducing the extent

is effectively devaluing the worth of that second cellular licence.
Cable Bahamas and its Caribbean Crossings affiliate seem to
agree, their feedback to URCA yesterday stating: “The com-

? panies wish to point out that the Bahamas is one of the few
? countries left in the world that retains a monopoly in the

be a more commercially rea- mobile cellular market.
sonable practice, and is fully }

consistent with the approach monopoly, which is not in the interests of the people of the

? Bahamas, URCA should at least recommend that the provision

in which the payment of a . of mobile services on a resale basis (allowing for the licensing

substantial annual licence fee { Of mobile virtual network operators or MVNOs) commence as

? soon as possible, so that BTC’s fixed network competitors will

Aad BTCadded that it ? at least be in a position to provide triple-play packages includ-
“will continue to agitate for ? ing mobile cellular services to the public.”

= rie een oles i existing cellular network, paying a fee to the state-owned
OL BEGHES Peet bo tld Ie imoumbent 10.666,

vidual operating licencees will }

“Tf URCA has made a recommendation to extend this

MVNO operators would effectively rent space on BTC’s

Meanwhile, Cable Bahamas also urged URCA to make

i progress on the “stalled” issue of number portability, and

will also continue to lobby for { Called for such a system to be operating by year-end, given that

light touch regulation that will } this was a major barrier to competition in the fixed landline

not hamper the commercial : market it aims to enter imminently.

Praising URCA for scheduling a number portability con-

“Establishing an effective and efficient number portability

: system and process is as important to competition in the fixed
? voice market as finalising negotiations with BTC pursuant to a
? reasonable Reference Access and Interconnection Offer
? (RAIO),” Cable Bahamas said.

“The Government of the Bahamas has clearly recognised the

; importance of the prompt implementation of number portability
: for fixed services, which is crucial to promoting competition,
: eliminating entry barriers and ensuring customer choice.”

The BISX-listed operator and its affiliate added: “The com-

: panies believe that progress on this critical issue has stalled and
? must be given URCA’s full attention in 2011......... URCA’s goal
? should be to have a fully functioning number portability system
? and process up and running in the Bahamas by the end of
? 2011.

“This should be a top priority for URCA and for the indus-

ord

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109.392860
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Royal Fidelity Bah Int'l Investment Fund Principal
Protected TIGRS, Series 2

Royal Fidelity Bah Int'l Investment Fund Principal
Protected TIGRS, Series 3

Royal Fidelity Int'l Fund - Equities Sub Fund

9.7950 4.85% 5.45% 30-Nov-10

Compensation will be based upon expertise and
experience.

10.0000
10.6417 -1.20% 0.50% 30-Nov-10
9.1708
9,6635 3.37%
8.3979 8.82%
MARKET TERMS

YIELD - last 12 month dividends divided by closing price

3.37%
8.82%

30-Nov-10
4.8105 31-Dec-10
BISX ALL SHARE INDEX - 19 Dec 02 = 1,000.00
52Wk-Hi - Highest closing price in last 52 weeks
52wk-Low - Lowest closing price in last 52 weeks
Previous Close - Previous day's weighted price for daily volume
Today's Close - Current day's weighted price for daily volume
Change - Change in closing price from day to day
Daily Vol. - Number of total shares traded today
DIV $ - Dividends per share paid in the last 12 months
P/E - Closing price divided by the last 12 month earnings
KS) - 4-for-1 Stock Split - Effective Date 8/8/2007
(S41) - S-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

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

Bid $ - Buying price of Colina and Fidelity

ASk $ - Selling price of Colina and fidelity

Last Price - Last traded over-the-counter price

Weekly Vol. - Trading volume of the prior week

EPS $ - A company's reported eamings per share for the last 12 mths
NAV - Net Asset value

N/M - Not Meaningful

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

Please forward resume to P.O. Box CB 13456
or Fax to 362-6721


THE TRIBUNE

TUESDAY, JANUARY 25, 2011, PAGE 7B



| European crisis erodes
support for governments

: BARRY HATTON,
i Associated Press
: LISBON, Portugal



ATH-QTR PROFIT
LEAPS 49 PERCENT

EILEEN AJ
CONNELLY,

AP Business Writer
NEW YORK

American Express Co. says
its fourth-quarter profit rose
49 percent, as its customers
spent more and got better
about paying their bills.

The card issuer says net
income attributable to com-
mon shareholders rose to
$1.05 billion, or 88 cents per
share. Revenue rose 13 per-
cent to $7.32 billion.

Earnings include $113 mil-

AMERICAN EXPRESS

Political trouble that shook

? the Irish and Portuguese gov-
: ernments over the weekend
? could be a warning sign for oth-
? er European governments fac-
? ing voters angry about cut-
? backs, analysts said Monday.

The turmoil may make it

: harder for countries to move
: forward with recovery from the

i Crisis.

"Markets want to see a clear

commitment to fiscal tighten-

lion in charges announced last :
? or social opposition can delay
? measures being implemented,”
? said Emilie Gay, an analyst at
? Capital Economics in London.

week related to the elimina-
tion of about 500 jobs in its
customer service operations.
Excluding the charges, profit
came to 94 cents per share.

Wall Street was expecting
95 cents profit on $7.28 billion
revenue.

CEO Kenneth Chenault
said consumers, small busi-
nesses and corporate cus-
tomers all increased their
spending in the quarter. The
company also set aside less
money to cover unpaid bills,
as its customers got better at
making payments on time.

AMGEN 4Q PROFIT RISES,

NEW YORK

Biotechnology company
Amgen Inc. says it is buying
cancer drug maker BioVex
Group Inc. for up to $1 bil-
lion.

is developing a drug called
OncoVex, which is designed
to treat head and neck can-
cer and melanoma. Amgen
says it will pay $425 million
at closing and another $575
million if BioVex's products
reach regulatory and sales
milestones.

Amgen, of Thousand
Oaks, Calif., says the deal
will close in the first quarter
of 2011.

The biotechnology giant
also reported its profit grew
10 percent in the fourth
quarter on better sales of its
anti-infection drugs.

Amgen earned $1.02 bil-
lion, or $1.08 per share.
Excluding one-time costs,
Amgen posted a profit of
$1.17 per share. Revenue
edged up 1 percent to $3.84
billion from $3.81 billion.

(SX 4Q PROFIT
SOARS 42 PERCENT

SAMANTHA BOMKAMP,
AP Transportation Writer
NEW YORK

CSX, the nation's third
largest railroad, said Tues-
day that its fourth-quarter
profit jumped 42 percent as
carmakers and other indus-
trial customers stepped up
shipments.

The Jacksonville, Fla.,
company earned $430 mil-
lion, or $1.14 per share,
compared with $303 million,
or 77 cents per share, a year
ago. Revenue jumped 21
percent to $2.82 billion.
Overall shipping volume
rose 13 percent in the last
three months of the year.

Analysts surveyed by
FactSet Research forecast
$1.10 per share on revenue
of $2.67 billion.

The biggest volume gains
were in automotive ship-
ments, up 44 percent from a
weak 2009. "Strong growth
was due to an increase in
North American light-vehi-
cle production driven by

earnings report.
Volume jumped 17 per-
cent in the company’s inter-

ing, and any political instability

She said investors are ner-

: vous about political uncertain-
? ty in debt-stressed eurozone
? countries, including Belgium —
i where political squabbling has
? left the country without a gov-
? ernment for the past seven
? months. After months of strikes
? over unpopular austerity mea-
: sures, the governing Socialist
? Party's candidate in Portugal's
: presidential election lost heav-
i ily Sunday, collecting just 20
? percent of the vote behind 53
? percent for an incumbent

? backed by the main opposition

BUYS CANCER DRUG MAKER :

Social Democratic Party. Both

i parties remain committed to
? budget cutbacks despite public
i dissatisfaction. Ireland's prime

BioVex of Woburn, Mass.,



(AP Photo/Armando Franca)

PLEASED TO MEET YOU: Portuguese President Anibal Cavaco Silva
greets supporters at the end of his election campaign closing rally Fri-

day, Jan. 21 2011 in Lisbon.

minister, who is blamed for his
country's slide toward bank-
ruptcy after a construction bub-
ble burst, suffered a major set-
back when the Green Party
withdrew from his coalition
government. The Sunday pull-
out is almost certain to move
up the date of a national elec-
tion, and Ireland must now pass
a critical tax-raising bill before
parliament is dissolved this
month in order to reassure
international investors that Ire-
land is serious tackling its
deficit. The setbacks in Portugal
and Ireland likely herald more
protest votes against European
governments as austerity plans
begin to bite and stretch over

years of financial readjustment,
said Vanessa Rossi, a senior
research fellow at Chatham
House, a London-based think
tank. Portugal and Ireland have
been forced to adopt austerity
measures including pay cuts,
tax hikes and reduced welfare
entitlements.

"It's very obvious we're
going to get a lot of backlash
against governments because
of what's happened," Rossi said
in a telephone interview Mon-
day. "I think this build-up of
anti-austerity votes will contin-
ue."

Attention is turning to
upcoming state elections in
Germany, Europe's paymaster,

Analysis: Obama to push
faster recovery, more jobs

: STEVEN R. HURST,
? Associated Press
! WASHINGTON

Political engines are revving

? up for the 2012 presidential
? election and the sound of one
: of those, President Barack Oba-
? ma's, will be heard above all
? others Tuesday night in his
? nationally televised State of the
: Union speech to a joint session
i of Congress.

The Obama message: his pre-

: scription for a more robust eco-
? nomic recovery that cuts per-
? sistently high unemployment,
: now at 94 percent.

Obama's prospects for win-

: ning a second term probably
? depend largely on a robust
? upswing, a return to substan-
? tial growth and better employ-
? ment prospects that finally seal
? off the worst economic down-
? turn since the 1930s Great
? Depression.

The president will step to the

? rostrum with polls showing his
? overall approval rating at 53
i percent, 6 points higher than
? after the November congres-
? sional election — a drubbing
? for Democrats and loss of their
? majority in the House of Rep-
i resentatives.

The uptick in Obama's stand-

? ing coincides with his decision
? — post election — to negoti-
? ate with Republicans on a tax
? package and to build bridges
? to the business community.

Obama is also being helped

i by a stronger economy. A new
: survey from the National Asso-
? ciation for Business Econom-
} ics was more positive than at
? any time since the start of the
i Great Recession.

The survey released Monday

? showed that all major industry
i groups were seeing more
? demand for their products and
? services — a precursor to job
: growth.

Obama's mission in the State

? of the Union address is to build
? on those improved numbers by
? proving to ordinary Americans,
: especially independent voters,
? and his fellow politicians that
higher sales," CSX said inits }
? creating jobs and spurring the

? economy.

he has a hard and fast plan for

Otherwise he is in

? danger of handing Republicans

modal segment, which trans- : f
: potent rhetorical weaponry.

fers goods from trucks to
trains. Six out of eight CSX

it increases in volume from a fis-ependinn, celiciL-exndndiag

? socialist, determined to extend
? federal government control
? over the lives of voters. Repub-
i licans have taken particular aim
? at the administration's health
? care reform, already voting in
? the first session in the House
to repeal the measure. That will
? die or be killed in the Senate
? where Democrats still hold the
? majority. Obama has promised
? to veto any such legislation
: should it reach his desk.

year earlier. The only seg-
ment in which volume fell
was phosphates and fertiliz-
ers, but revenue for those
goods jumped 29 percent
due to higher prices.

Revenue from coal rose
34 percent from a year earli-
er — more than any other
segment — mostly due to
higher demand from steel-
makers abroad. CSX also
handled more shipments to
utility customers.

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

ammunition for their already-

The party's success in

segments posted double-dig- November was largely built on

a message that Obama was a

Another Republican mes-





(AP Photo/Gregory Bull)

JOB HUNTING: In this Jan. 6, 2011 photo Tom McKelvey of Vista, Calif.,
checks for jobs at a career development cente in Oceanside, Calif. The
government is expected to report Friday that businesses stepped up
hiring in December, a trend likely to gain momentum in 2011. Economists
are predicting that employers added a net total of 145,000 jobs last
month and that the unemployment rate dipped to 9.7 percent.





INTERNATIONAL
BUSINESS

sage — the huge government
debt threatens the future of the
country — also resonates with
voters. Yet, cuts in any or all
federal programs — especially
among the elderly who benefit
from Medicare health insurance
and Social Security pension
payments — are a political
mine field that politicians would
rather not, and perhaps won't,
enter with the next election so
near.

Posturing

That will not, however, mean
an end to political posturing.

While Obama told support-
ers in a video released Satur-
day that he will focus on eco-
nomic issues, particularly jobs,
he also spoke of investing in
educating workers and in
research and technology. That
set off alarms among Republi-
cans. "Any time they want to
spend, they call it investment,
so I think you will hear the
president talk about investing a
lot Tuesday night,” said Senate
Minority Leader Mitch
McConnell. "We'll take a look
at his recommendations. We
always do. But this is not a time

to be looking at pumping up
government spending in very
many areas."

The second-ranking House
Republican, Rep. Eric Cantor,
closed ranks with McConnell.

"We want America to be
competitive, but then he talks
about investing,” Cantor said.
“When we hear ‘invest’ from
anyone in Washington, to me
that means more spending. ...
The investment needs to occur
in the private sector."

One huge place to find sav-
ings is in the $700 billion the
U.S. spends for its military.
Both parties suggest a willing-
ness to have a look at cuts
there, but neither side has laid
out a framework for serious
cutbacks.

That is difficult in a country
still conducting two wars, the
one being wound down in Iraq
and the ongoing and brutal
fighting in Afghanistan. Those
conflicts — while opposed by
some members of the Republi-
can's tea party wing and leftist
Democrats — likely won't find
much space in Obama's speech.
There are two reasons: Obama
knows he has no opportunity
to gain support among tea part-
ners; and left-wing Democrats
likely will vote his re-election in
2012 regardless. Thus, with the
economy and unemployment
still the first worry for Ameri-
cans, Obama has been blitzing
the business community, set-
ting a significantly warmer tone
and shaking up his staff with
the addition of centrist advis-
ers. His Tuesday night address
will fit snugly with those atmos-
pheric and personnel shifts as
Obama pivots from the solidly
left-leaning legislative agenda
of his first two years, to a more
centrist and pliable economic
boosterism and readiness to
compromise with the opposi-
tion.

where the troubled coalition
government may need to stump

states hold elections this year,
providing a series of tests from
February through September.

Polls suggest that Chancel-

rough ride due largely to local

coalition partner, the Free
Democrats. Still, her govern-

sinking billions more into res-
cue packages without securing
tangible reform in return.

rescue fund.

with little sympathy what from
extent inevitable, because
save the euro ... and also from

eral Constitutional Court," said
Gerd Langguth, a politics pro-

Bonn.

Spain says banks

need euro20 billion

i JORGE SAINZ,
: Associated Press
MADRID

Spain said Monday its
banks will need euro20 billion
($27 billion) in new capital to
meet new reserve require-

? ments aimed at strengthening
? their finances and quelling
i? fears the country might be
up more rescue money to pro- }
tect the 17-nation euro curren-
cy. Seven of the country's 16 }

Europe's next to need a
bailout.
Finance Minister Elena Sal-

? gado said a government fund
i? that has been lending billions
i for mergers among troubled

? cajas, or savings banks, might
lor Angela Merkel's center- }
right coalition can expect a }

eventually buy stakes in the
entities that cannot meet the

i new criteria by raising capital
issues, annoyance with the gov- }
ernment about unpopular deci- }
sions such as extending the life }
of nuclear power stations, and }
the unpopularity of the junior }

on the open market.

She says that for that to
happen banks will have to be
listed on the stock market and
become full blow banks. The

i? savings banks are not now list-
? ed. Worries about Spain's

ment will be eager to avoid }
annoying voters uneasy about }

banking system have been an
aggravating factor in the gov-

? ernment debt crisis plaguing
i the euro zone. Cajas have
? been particularly hard hit by
In addition, Germany's high- :
est court is expected to consid- }
er in coming months complaints }
filed against the bailout of }
Greece, and creation of a euro }
"Merkel faces }
pressure on two sides — from }
the population, which views :

exposure to a collapsed real
estate sector in Spain.

Salgado said it will not be
known until in the fall of this
year which savings banks the
government fund called the
FROB might buy into.

Ata hastily called news

i conference, Salgado said the
my point of view is to some :

overriding goal of the restruc-

i turing of the Spanish banking
something has to be done to }

sector is to "dissipate any

: doubt about the solvency of
potential decisions by the Fed- :

lending entities, about their

? capacity to resist under diffi-
? cult circumstances, in adverse
fessor at the University of :

scenarios, as unlikely as these

? scenarios might be."

NOTICE
PALAU LIMITED
NOTIC EIS HEREBY GIVEN as follows:
(a) PALAU LIMITED is in voluntary dissolution

under the provisions of Section 137 (4) of the
International Business Companies Act 2000.

The dissolution of the said company
commenced on the 19th January, 2011 when
the Articles of Dissolution were submitted to
and registered by the Registrar General.

The Liquidator of the said company is Blue
Seas Administration Ltd., The Bahamas
Financial Centre, Shirley & Charlotte Streets,

Nassau, Bahamas

Dated this 25th day of January, A. D. 2011



Blue Seas Administration Ltd.
Liquidator

NOTICE
MONAZITE VENTURES INC.

In Voluntary Liquidation

Notice is hereby given that in accordance

with Section

138(4) of

the International

Business Companies Act. 2000, MONAZITE
VENTURES INC. isin dissolution as of January

24, 2011.

International Liquidator Services Inc. situated at
3rd Floor Withfield Tower, 4792 Coney Drive,
Belize City, Belize is the Liquidator.

LIQUIDATOR

NOTICE
GRIFFIN POINTE LTD.

In Voluntary Liquidation

Notice is hereby given that in accordance with

Section 138(4) of the International Business
Companies Act. 2000, GRIFFIN POINTE LTD.
is in dissolution as of January 14, 2011.

International Liquidator Services Inc. situated at
3rd Floor Withfield Tower, 4792 Coney Drive,
Belize City, Belize is the Liquidator.

LIQUIDATOR




PAGE 8B, TUESDAY, JANUARY 25, 2011

THE TRIBUNE





DOW AVERAGE
NEARS 12,000
POINTS AS TECH
STOCKS CLIMB

CHIP CUTTER,

AP Business Writers
DAVID K. RANDALL,
AP Business Writers
NEW YORK

The Dow Jones industrial
average closed within 20
points of 12,000 Monday, its
highest point since June 2008.

Technology stocks rose
after Intel Corp. increased its
dividend and said it would
buy back more of its stock.
The company gained 2 per-
cent.

Materials companies rose
after a report from the

National Association for Busi- :

ness Economics showed that
economists are more positive
about economic growth and
the job market than at any
time since the start of the

Great Recession in December

2007.

Vulcan Materials Co.,
Alcoa Inc. and Sealed Air
Corp. each gained more than
3 percent. Alcoa, which
jumped 4.1 percent, was the
top-performing stock among
the 30 that make up the Dow
Jones industrial average.

The Dow gained 108.68
points, or 0.9 percent, to
11,980.52. The last time the
average closed above 12,000
was June 19, 2008.

The broader Standard and
Poor's 500 index rose 7.49, or
0.6 percent, to 1,290.84. The
Nasdaq composite gained
28.01, or 1 percent, to
2,717.55. Gains were spread
across the market. Financial
and health care companies
were the only two of the 10

the S&P index to fall.

McDonald's Corp. gained
0.5 percent to $75.38 after it
said it meet analyst expecta-
tions and warned that rising
food costs could affect its
margins this year.

J.C. Penny Co. jumped 7
percent to $32.52 after the
retailer said it would close
some stores and its catalog
business to reduce costs.

Three stocks rose for every
one that fell on the New York
Stock Exchange. Volume
came to 961 million shares.

TREASURY PRICES
INCH HIGHER

NEW YORK

Treasury prices Monday
inched higher after the Feder-
al Reserve bought close to $9
billion in bonds.

The price of the 10-year
Treasury note edged up 9.4
cents. Its yield, which moves
in the opposite direction,
edged down to 3.40 percent
from 3.41 percent late Friday.

The Fed bought $8.9 billion
in five- and six-year notes.
The central bank also bought
$8 billion worth of bonds on
Friday. The purchases are
part of the Fed's $600 billion
bond-buying program which
was launched in November to
keep interest rates low and
encourage lending.

Treasurys have been in a
relatively narrow range since
the start of new year. Yields
had spiked in the last two
months of 2010 on expecta-
tions of faster economic
growth.

WORLD ECONOMIC FORUM

At Davos, a catalogue of

The annual World Economic Forum

i opens this week under a cloud of econom-
i ic worries, concern over China's growing
i influence in politics and business, and sim-
? mering anxieties over Europe's debt cri-
: sis. Ahead of Wednesday's start, the meet-
: ing was greeted with news that Russian
? President Dmitry Medvedev had postponed
? his planned departure to Switzerland after

? what officials called a suicide bombing at
comp aoy eroups thal makeup + Moscow's busiest airport killed 31 near
? and wounding about 130.

Organizers said Medvedev would still

give the opening address on Wednesday
? evening. But they said his stay in Davos
? would be shortened.

Despite the lingering locksteps of fear,

: organizers of the five-day annual meeting
? — which will draw some 2,500 political and
? business leaders Jan. 26-30 — are opti-
? mistic that the debates, discussions and
? exchanges of ideas can provide a roadmap
? of sorts on the way forward after three
i years of global financial and economic tur-
? moil. "It's the first — I would call it post-cri-
? sis — meeting," Forum founder and exec-
? utive chairman Klaus Schwab told The
? Associated Press Monday. "We have avoid-
i ed the worst of the crisis, but we have not
? yet started to really build our future. Davos
: is the place to look at the new reality and
: see how we should construct our future."

The list of leaders headed to the Alpine

: town includes President Felipe Calderon
? of Mexico, British Prime Minister David
i Cameron, German Chancellor Angela
i Merkel and French President Nicolas
i Sarkozy, all part of the Group of 20 club of
: rich and developing countries.

Other G-20 leaders slated to attend are

? South African President Jacob Zuma,
? Indonesia President Susilo Bambang Yud-
: hoyono and European Union Council Pres-
i ident Herman Van Rompuy.

Skeptics note that while the gathering is

? akey stop for many executives and newly-
: minted national leaders to share a global
? and media-saturated stage, at times the
? meeting has not been prescient about com-
? ing financial eruptions.

Much has been made of the fact that last

year's forum had little to say about the sov-
? ereign debt crisis that spread like wildfire
? across Europe several months later.

But Yngve Abrahamsen, an economist at

? Zurich's Swiss Economic Institute, said that
? may be asking too much even of the con-
? centrated expertise that descends on the
: Swiss Alps each year. "Peering into the
? economic future is always difficult," Abra-
? hamsen said. "You might as well hire astrol-

BRUSSELS — The European Central Bank spent far less



(AP Photo/)

ECONOMIC WORRIES: Annual meeting chairman Klaus Schwab speaks to the Associated Press in Davos, Switzerland on Monday, Jan. 24,
? 2011. The annual World Economic Forum opens this week under a cloud of economic worries, concern over China’s growing influence in pol-
i itics and business, and simmering anxieties over Europe’s debt crisis.

? FRANK JORDANS,
i Associated Press

i MATT MOORE,

:? Associated Press

: DAVOS, Switzerland



OIL FALLS TO
NEAR $88 A
BARREL IN
EUROPE

PABLO GORONDI,
Associated Press

Oil prices fell to near $88

? a barrel Monday due to the
: effects of a stronger dollar,
: weaker stock markets and

? expectations China will

: take more measures to

: cool its economy.

By early afternoon in

: Europe, benchmark crude
? for March delivery was

? down 77 cents at $88.34 a

: barrel in electronic trading
on the New York Mercan-
: tile Exchange. The con-

: tract fell 48 cents to settle

i at $89.11 on Friday.

Oil has fallen from

i above $93 a barrel after

? economic indicators from

i China last week showed its
: economic growth acceler-

: ated in the fourth quarter

: and inflation remained ele-

vated. That has investors

i worried Beijing will take
? more steps to slow growth,
: reducing demand for crude

gress Center two days before the opening of the 41st Annual Meeting of the World Econom- :
ic Forum, WEF, in Davos, Switzerland, Monday, Jan. 24, 2011. The main subject of the World :
Economic Forum, WEF, annual meeting, which will take place from 26 to 30 January, is “Shared :

Norms for the New Reality”.



INTERNATIONAL
BUSINESS

ogists, because nobody knows what's going
to happen in three months time."

"If anything, Davos is a little bit faster at
picking up global themes,” he said. "But a
year ago nobody knew that the blowback
from the bank bailouts would be so fast."

Abrahamsen said the one charge many
participants — especially banking leaders
— might face is that they were quick to
cozy up to governments when they needed
a bailout, but when countries faced immi-
nent bankruptcy they turned around and
ratcheted up the interest rates.

The European sovereign debt crisis has
rocked financial markets since then, and
led some to wonder if the euro could even
break up. Schwab said he doesn't think it
will.

"I'm absolutely sure that the euro will

told AP. "Europe, in this new world that is }

i stronger dollar, which
actor and stay a key actor it has to express }

coming up, if it wants to become a key

itself in terms of its unity and it has tomake } to igvestors holding other
sure that euro is also secured by a much } oyrrencies

greater common effort, working together in }

fiscal monetary and general economic poli- on Monday from $1.3602
Organizers are trying to answer their } late Friday, while the

critics this year by taking time to discuss } British pound was down to

: $1.5943 from $1.6002.

how to deal with unforeseen risk — the }

cies."

"unknown unknowns" as former U.S.

Defense Secretary Donald Rumsfeld once
put it. The oil industry was hit by the reac-

tion to the Gulf of Mexico disaster; gov- } pe expects global oil
ernments have been struggling to contain } demand to rise by between
the fallout from the WikiLeaks revelations; } + anil d ie ‘li
and anybody who said Tunisia would be } 7° EL a ia

the first Middle East country to see a pop- } barrels a day in 2011.

: from the world's biggest
; energy consumer.

Analysts warned that

persistently high crude
i prices could begin limiting
} appetite for oil.

"There is once again a

? risk that these commodity

: price gains will sow the

i seeds of their own destruc-

: tion,” said a report from

? KBC Energy Economics in

: London. "With the eco-

i nomic recovery still fragile,

| : an oil price rally on the

} : scale of 2008 seems unlike-
: ly but at close to $100 a

i barrel, we are at levels

(AP Photo/Keystone/Laurent Gillieron)

GETTING READY: A worker carries a seat when he makes the last preparations inside the Con- ; Should begin to be felt.”

where consumer resistance

Dollar

Also tempering oil

not collapse because I think there is stilla | futures were mostly lowers

strong European solidarity in place," he | Stock markets in Asia and

Europe, as well as a

makes crude less attractive

The euro fell to $1.3560

Prices were supported by

: comments from Saudi Ara-
: bia's oil minister, who said

ular revolution in years would have been }

ago. A report compiled by the forum's in- }
house think tank highlights 37 global risks }

ranging from cyber warfare to public upris-

ings resulting from population growth and | this year. In other Nymex
resource shortages. Sudden food price ris- : trading in February con-

The surging cost of food in China pushed tracts, oot oil nee ae
inflation there to 4.6 percent in Decem- } cent to $2. a SahOn aly

ber, and the ruling Communist Party is | 24Soline lost 0.02 cent to

: $2.4585 a gallon. Natural

expected to respond by raising interest }

es have already sparked alarm in Asia.

rates to tame price rises.

Ali Naimi's forecast was

: higher than OPEC's esti-

laughed out of the room not two months :

mate released last week,
which saw a global demand

? rise of 1.2 million barrels

i gas gained 5.3 cents to

with Chinese politics,” said Arturo Bries, a }

finance professor at the IMD business
school in Lausanne. "I'm not expecting any

surprises from the Western leaders, but we exchange.

may have surprises coming from China.”

i $4.789 per 1,000 cubic feet.

"Every uncertainty in the world has todo }

In London, Brent crude

: was up 21 cents at $97.81 a
? barrel on the ICE futures

MADRID — Spain said its banks will need 20 billion euros ($27

money propping up the bond markets in Europe's more indebt-
ed countries last week, reinforcing a growing view in the markets
that the government debt crisis may be stabilizing.

LONDON — The euro spiked to two-month highs against the
dollar after figures suggested that last week's stabilization in
Europe's bond markets had little to do with the European Cen-
tral Bank buying up the debt of the more-indebted countries, like
Portugal and Greece.

European stocks also rose. The FTSE 100 index of leading
British shares closed up 0.8 percent, Germany's DAX rose 0.1 per-
cent higher and the CAC-40 in France ended 0.4 percent higher.

TOKYO — Asian trading was mixed. Japan's benchmark
index snapped a two-day losing streak as investors hunted for bar-

gains, and the Nikkei 225 closed up 0.7 percent. Australia's
S&P/ASX 200 and South Korea's Kospi both rose 0.6 percent and
South Korea's Kospi.

But Hong Kong's Hang Sang dropped 0.3 percent and the
Shanghai Composite index fell 0.7 percent.

LISBON, Portugal — Europe's governments are feeling polit-
ical heat from the continent's financial crisis as the governments
of Portugal and Ireland — two eurozone members forced to
adopt unpopular austerity measures — suffer setbacks over the
weekend.

As voters chafe at the burden of correcting Europe's fiscal
waywardness, attention is turning to upcoming state elections in
Germany where the troubled coalition government may need to
stump up more rescue money to protect the 17-nation euro cur-
rency.

GLOBAL ECONOMIC NEWs

ee ee MO eae oe tee ae aD) | a eam aS

A look at economic developments and activity in
major stock markets around the world on Monday:

TOP TALKS: European Central Bank President Jean Claude Trichet, left,
speaks with Greek Finance Minister George Papaconstantinou during
a meeting of eurogroup finance ministers at the EU Council building
in Brussels, Monday, Jan. 17, 2011.

RIYADH, Saudi Arabia — World oil demand could climb by
about 2 percent this year because of demand from China and
India, but crude prices will remain stable, Saudi Arabia's oil min-
ister predicted.

billion) in new capital to meet new reserve requirements aimed at
strengthening their finances.

CAIRO — Saudi Arabia has no plans to de-peg its currency
from the U.S. dollar, the oil-rich nation's central bank governor
said.

PARIS — French President Nicolas Sarkozy says he will use
France's presidency of the Group of 20 this year to try to tame
volatility in global currency and commodity markets.

LONDON — Cocoa prices shot to a five-month high after
the Ivory Coast, the world's largest producer of the bean used in
chocolate, called for a one-month ban on exports.

BEIJING — China's key wheat growing province of Shan-
dong is facing its worst drought in at least 40 years as a result of
unusually dry weather across northern and eastern China that
stands to put further pressure on surging food prices.

TOKYO — Japan's prime minister pushed to reform the coun-
try's tax and social security systems, including raising the sales tax
as the country faces looming problems with its aging population
and bulging national debt.

BUDAPEST, Hungary — Hungary's central bank raised its
main interest rate to 6 percent from 5.75 percent because rising
fuel prices have led to higher inflation.



TO DISCUSS STORIES ON THIS PAGE LOG ON TO WWW.TRIBUNE242.COM
PAGE 10B, TUESDAY, JANUARY 25, 2011

THE TRIBUNE





PREGNANCY is a time of
great happiness and fulfill-
ment for most women. How-
ever, both the woman and her
developing child face various
health risks during the nine
months of pregnancy. It is
during this gestation period
that the expectant mother’s
diet, habits and hormonal
changes impact her health and
that of her unborn child. It is
therefore essential that all
pregnancies be monitored by
skilled healthcare providers
to ensure the health of the
woman during the pregnan-
cy, childbirth and the post-
partum period (weeks imme-
diately following childbirth).

Anecdotally, it is accepted
that approximately 10 per
cent of all women in the age
group 15 yrs — 44 yrs are preg-
nant and, of course, that all
of these women have mouth
changes associated with preg-
nancy. It Some changes are
minor and may go unnoticed,
while others are very notice-
able.

There is a notion that preg-
nancy causes tooth loss (“a
teet pull out for ew’ry baby”)
and that calcium is removed
in significant amounts from
the mother’s teeth to supply

the unborn child’s needs.
There is no scientific evidence
to support this. Calcium pre-
sent in the teeth is ina stable
crystalline form, and as such,
is not available to the systemic
circulation.

DENTAL CAVITIES

There exists a relationship
between dental cavities and
pregnancy, although it is not
well defined. Pregnancy does
not directly contribute to cav-
ities; an increase in cavities
during pregnancy can be
attributed to a rise in local
cavity forming factors. This
rise occurs because pregnancy
commonly causes an increase
in appetite and often a craving
for unusual foods. When
these cravings are for foods
which can cause cavities in the
absence of proper oral
hygiene, the pregnant woman
increases her risk of getting
cavities at this time.

WOMAN

Pregnancy and your mouth

MORNING SICKNESS VOMITING
Sometimes in pregnancy,
teeth can become worn away
because of stomach acid
washing over them. This can
occur as a result of repeated
morning sickness vomiting or
esophageal reflux disease. It is
advisable for an expectant
mother to rinse her mouth
with water immediately after
vomiting to remove the
residue stomach acid from the
mouth thereby reducing any
potential damage to teeth.

GINGIVITIS

Gingivitis (inflamed gums)
is the commonest mouth
change associated with preg-
nancy. It has been reported
to occur in 60 per cent - 75
per cent of all pregnant
women. Gum changes usually
occur in association with poor
oral hygiene and local irri-
tants, especially plaque. How-
ever, the hormonal and vas-
cular (blood vessels) changes
that accompany pregnancy
often exaggerate the inflam-
matory response to these local
irritants. Gum changes are
most noticeable from the sec-
ond month of gestation,
reaching a maximum in the

eighth month. These changes
occur earlier and more fre-
quently to the front of the
mouth. The severity of the
gum disease lessens after
childbirth, but the gums do
not necessarily return to its
pre-pregnancy condition.

PREGNANCY TUMORS

In addition, pregnancy may
also cause single, tumor-like
growths on the gums in 10 per
cent of pregnant women. It
usually occurs on the gum
that is between the teeth or
other areas of frequent irri-
tation. This localised area of
gum enlargement is called a
pregnancy tumor, epulis
gravidarum or pregnancy
granuloma. Generally, the
lesion will regress after child-
birth; however, surgical
removal is often required for
complete removal.

HORMONAL ALTERATIONS
Hormonal alterations asso-
ciated with pregnancy some-
times also cause dry mouth
and drinking more water and
chewing sugarless gum can
help. These hormonal changes
can sometimes also cause
pregnant women to have
excessive secretion of saliva. It

usually begins at two to three
weeks into the pregnancy ges-
tation and may abate at the
end of the first trimester. In
some instances, it continues
until the day of delivery.

PERIODONTAL DISEASE

All pregnant women want
the best for themselves and
their unborn baby and must
be aware of all the factors that
can influence their baby’s
health. A preterm birth is one
common cause of low birth
weight, which has unwanted
health impacts of a newborn.
Maternal risk factors for
Preterm Low Birth Weight
(PLBW) include: age, low
socioeconomic status, alcohol
and tobacco use, diabetes,
obesity, hypertension and
genitourinary tract infections.
PLBW results in significant
morbidity and mortality of
infants.

Recent research suggests a
previously unrecognised risk
factor for PLBW. Periodontal
disease is that risk factor.
Health care for the pregnant
woman should therefore
include an assessment of her
mouth and gums. If diag-
nosed, periodontal disease

must be treated. It should
include a thorough cleaning
or scaling and a root planning,
to decrease the infection and
subsequent inflammation
caused by the disease. This
will reduce the risk of PLBW
and the unwanted health
impacts it has on the new-
born.

It is important then, if you
are pregnant or considering
becoming pregnant, that you
seek a consultation with your
dentist and doctor for a com-
plete comprehensive assess-
ment. Your unborn child is
your most precious gift.

“This article is for informational
purposes only. It is not intend-
ed and may not be treated as, a
substitute for professional
medical/dental advice, diagno-
sis, or treatment. Always seek
the advice of a physician or
dental professional with any
questions you may have
regarding a medical/dental con-
dition. Never disregard profes-
sional medical/dental advice or
delay in seeking it because of a
purely informational publica-
tion.”
Dr André R Clarke
Specialised Medical Dentist





ye

heasons to get exercising again!

HAVING a hard time
convincing yourself that you
should be exercising? Well,
the health benefits are indis-
putable. But just in case
you're not aware of them,
I've decided to list some of
them here for you, in no par-
ticular order.

Plus, I've listed 5 ways you
can motivate yourself to pick
up this life extending habit
and give yourself the mental
kick in the pants that you
need to stop procrastinating
and get up off the couch.
Exercise :

1, Strengthens Your Heart
- Regular exercise strength-
ens your heart (A muscle),
lowers blood pressure,
increases "good" cholesterol
and lowers "bad" cholesterol,
promotes blood flow; and
helps your heart function
more efficiently. All of these
benefits reduce the risk of
stroke, heart disease, and high

blood pressure;

2. Prevents Obesity. Over-
weight and obese conditions
can be prevented or treated
with exercise along with a
healthy diet. Activity helps to
reduce body fat and increase
muscle mass, thus improving
your body's ability to burn
calories. The combination of
reduced calories and daily
exercise is the ticket to weight
loss. And controlling obesity
is critical, as it is a major risk
factor for many diseases.

Lowering your body mass
index (BMI) is asure way to
reduce your risk of dying ear-
ly and to live a healthier life.

3. Manages or Prevents
Back Pain. Back pain can be
managed or prevented with a
fitness program that includes
muscle strengthening and
flexibility. Having good pos-
ture and a strong abdomen
is the body's best defense
against back pain.

4, Helps prevent Osteo-
porosis. Weight-bearing exer-
cise (such as walking, jogging,
stair climbing, dancing, or lift-
ing weights) strengthens bone
formation and helps prevent
the osteoporosis or bone loss
often seen in women after
menopause. Combine a diet
rich in calcium and vitamin
D with regular weight-bearing
exercise for maximum results.

Now that you know why
you should be exercising,
here are 5 ways to motivate
yourself to “just do it”:

1. Take a good look in the
mirror, Get naked and stand
in front of a full-length mir-
ror. Take a good look from

the front, turn to the side,
and even turn around and
look back over your shoul-
der at your backside. If you
need to lose even 10 pounds,
the mirror will be more than
happy to show them to you.

2. Put away your “loose”
clothes, It's a lot easier to put
off exercising when you can
hide underneath clothes that
make us feel like you're not
as out of shape as we really
are, Take all of the clothes
that allow you to hide your
extra pounds and put them
in a box.

3. Turn it into a social
experience. You have a
friend, a neighbor, a co-work-
er, or a family member who
also needs to lose weight, so
grab a partner join a fitness
club and make a solemn pact
to force each other to stick
to it.

4. Use it as an excuse to
get “me” time. Think of your
exercise time as an invest-
ment in “You Inc.” Sched-
ule your exercise time as you
would any other important
appointment and don't let
anything come between you
and this appointment with
yourself. Plus, the return on
investment is “off the
charts.”

§, Do it for “Them”. Who-
ever “Them” may be - your
kids, other family members,

You have a friend, a neighbor, a coworker, or a family member
who also needs to lose weight, so grab a partner join a fitness
club and make a solemn pact to force each other to stick to it.

friends etc. Believe it or not,
some people love having you
around. Don't short change
your experiences with them
because of poor health due
to inactivity and bad eating
habits.

There you have it. Now
you know. Do something
about it. Get active. Set some
fitness goals and get moving.
See you at the park!

All information contained with-
in this column, is for informa-
ional purposes only. It is not
intended to diagnose, treat,
cure, or prevent any health
problem - nor is it intended to
eplace the advice of a physi-
cian. Always consult your
physician or qualified health
professional on any matters
egarding your health or on
any opinions expressed within
his column. All opinions
expressed on this site are
solely the author's.

The author operates Outdoor
tness Bahamas OFB. Out-
oor Fitness Bahamas offers
ness sessions, nutritional
ounseling and motivational
raining packed with fun and
energizing activities in the
great outdoors designed to
help you reach your fitness
goals. He can be reached at
432-4026 0 429-9806, email

estenm









outdoortitnessbahamas@qmai
com 0





website outdoorfit-
nessbahamas.com.





Simple ways parents
can help relieve Kids’
cold and flu discomforts

(ARA) - Any parent who's
sat up through the night with a
sick child knows relieving their
symptoms is only part of your
mission. Easing the discomforts
of cold and flu for your little
one is a number 1 priority.

“Watching your child suffer,
even if it's from something as
minor as a nose that's sore and
chapped from repeated blow-
ing, is a terrible feeling for any
parent," says Dr Tanya Remer
Altman, a mother and pedia-
tician who is a best-selling
author and spokesperson for
he American Academy of
Pediatrics.

"Relieving the discomforts
related to cold and flu not only
helps kids feel better, it also
reduces stresses for their par-
ents."

"Dr Tanya," as she's known
o her patients and the millions
who've seen her on the Today
Show or who follow her blog,
offers some tips to help parents
make children feel more com-
ortable while fighting a cold
or the flu:







e Flu vaccines are recom-
mended for everyone 6 months
and older, but it's not unusual
for children to fear a shot. Ask
your pediatrician about giving
your child the flu vaccine in a
nasal spray form. It's available
for children 2 and older, and
provides the same protection
and safety as the traditional flu
shot.

eYour mother probably
swore by chicken soup and she
was on to something. Serving
sick children chicken soup not
only gives them the benefit of
nourishment while their bod-
ies are fighting a virus, studies
show chicken soup has anti-
inflammatory properties as
well. Plus, it's a popular comfort
food that most kids love.

¢ Sore, chapped noses add to
the discomfort of having a cold.
Tissues with added lotion, like
Puffs Plus with Lotion, can help
prevent chapping from frequent
nose blowing and wiping. The
strong, lotion-filled tissues can
help children get more out of
their nose blowing, ensuring
they're confident they can blow
without getting anything “icky"
on their little hands. You can
also use petroleum jelly or
unscented ointment to soothe
the irritation and discomfort.






















e Another way to help
relieve a stuffy nose is to try a
few drops of nasal saline and
gentle suctioning. A cool mist
humidifier and a liberal appli-
cation of Vicks on children old-
er than 2 can also help, espe-
cially at night when lying down
can make a child feel stuffy.
Remember, however, never to
use Vicks on children younger
than 2 years old; it may actual-
ly increase the mucus in their
airways.

¢ Frequent hand-washing is
important to prevent the spread
of viruses. Yet washing your
hands a lot, especially in cold
weather, can leave them dry,
sore and cracked. Teach your
children to wash their hands
while singing "Wash, wash,
wash your hands, wash them
every day.

Wash them with water and
wash them with soap to wash
the germs away" to the tune of
“Row, row, row your boat."
Then follow up with a sooth-
ing lotion. You can find many
fragrance-free varieties spe-
cially formulated for children.

e¢ When your child's throat
is sore, he might be unwilling to
eat or drink much. Offer a sug-
ar-free fruit Popsicle instead.
The coolness can help ease a
sore throat, your child will get
some hydration from the frozen
juice and he'll feel like he's get-
ting a special treat.

¢ Make trips to the doctor's
office fun by bringing a book
or toy to keep your child occu-
pied, and a snack in case she
gets hungry. A special reward
or treat after the visit is also a
nice tradition.

Finally, don't overlook your
own mental comfort as well:
call the doctor if you feel your
child's symptoms are worri-
some. "Parents often tell me
they thought about calling, but
didn't want to be a bother," Dr
Tanya says.

"Most pediatricians are par-
ents too, and they would rather
take a few minutes to reassure
you that your child's cold symp-
toms will improve on their own
than to not have you call about
your sick child who really needs
to be seen. Your pediatrician
is there to help you, so if you
feel something is important,
pick up the phone and call."



=

TO DISCUSS STORIES ON THIS PAGE LOG ON TO SLUTTY ORR I


THE TRIBUNE

‘\C bacon

A spotlight on the talented @

women in our community

H C ii ni Mres |
ilde

LAE

By ALESHA CADET
Tribune Features Reporter

TBSOSBLENZANDP,

fenovo

person can put themselves through, Jan Johnson has never

A LTHOUGH it can be one of the hardest mental challenges a

ad a dull moment in her body building career. And just last

Even though she has competed against
others, the battle was always about
beating herself, becoming a winner through
her own eyes while trying to make new
improvements.

Ms Johnson sat down with Tribune
Woman explaining that she was always
athletic m school and always participated
in track and field events like the 100m
200m, relays, long and high jump. As an
adult she did soccer for a while.

The 46- year -old says that it was just
years ago when she became inspired in
Freeport at the Goombay Festivals in the
International Bazaar. She says they would
have Bahamian singers, dancers, and also
have bodybuilders perform getting a good
reaction from the crowd. "It was there
where I saw Melanie Feaster and Wendy
Willis do their thing on stage. I was fasci-
nated by what they were doing and I also
liked the fact that they had an athletic
toned body with firm shapely leg.

“They inspired me, initially because they
were having so much fun with what they
were doing. I didn't even know at that
point that I would be doing the same thing
years later. | met with Melanie Feaster
and asked her to please help me to get
those legs she laughed and I was soon
working out with her and Sol Frazier.
‘Whenever I run into Melanie or Wendy I
always give them a hug, they have been
wonderful people to me."

She went on to say that at one point in
her mid 20's, she was just eating every-
thing and enjoying life which had caused
her to gain some weight. "I stared to have
irregular heart beats and after a series of
tests was told to lose some weight. By fate,
I met Flint Bridgewater who was one of
the country's best body-builders and he
wanted to help me lose the extra weight.
He taught me how to diet and train to
burn the body fat and fo replace it with
muscle. After a dare, entered my first
show around 1990/199 (aid I loved it. Not
long after that I becarm@ithe reigning light
weight champion for th@@ountry and w,
added to the Bahamas Bo@ybuildi
fitness team where I started mpete
internationally along with the team."

Going further she added: " At this level,
I met Maxine Darville and Della Thomas
and they became my driving force. We
would have a rivalry with Freeport against
Nassau. The girls from Freeport had Max-
ine and Della to try to beat and Nassau
had the Bridgewater brothers out of
Grand Bahama to deal with. That was my
most enjoyable years in bodybuilding
when it came to competing nationally. I
have been trained by some of the best
trainers like Henry Charlton, Quinton
Gray, Dwight Palacious, Baldwin Darling,
Charles Lundy assisted me at some point
and I hope I didn’t forget anybody. Joel
Stubbs, Della Thomas, Charles Johnson,
Delroy Dennis helped me with training
after I made a come back from a break. So











year, the 46-year-old banker added another feather in her body
building cap when she won The Body Fitness Athlete of the Year
award at the Bahamas Bodybuilding Fitness Federation (BBFF)
competition.

T have always had help from friends and
teammates over the years and I thank
them for that."

Ms Johnson tells Tribune Woman that
she retired around 1997/1998 after com-
peting throughout the Caribbean, Central
America, United States, Belgium at the
World Competition level and Italy at the
‘World Competition level.

“T retired because I had gone as far as I
could go at my size. In order for me to be
better on the high level I would have need-
ed to add additional muscle mass and I
did not want to do that and lose my femi-
ninity. Plus I was traveling so much and
felt that I needed a break. I then switched
to judging for a few years. I had a son dur-
ing my time off from the sport who is
almost eleven now. I made a come back in
2008 and won the Antilles Caribbean Body
Figure Overall title held in Turks and
Caicos and different Caribbean countries
participated."

“T won the Australian Pro/Am Figure
title in 2008 that show was held in Mel-
bourne Australia. I placed fourth later that
year in the CAC's that was held here in
Nassau, but it was harder for me to stay
focused for that show due to circumstances
beyond my control. Even though I didn’t
go into the show feeling 100 per cent I did
it, did my best, and that was all I could do
at that time. I took 2009 off and came back
in 2010 and won my division at our nation-
als, made the team and competed at the
CAC's in Aruba where I made it to the
finals. That show was so hot and had so
many athletes it was a job within itself just
being a finalist. | missed the bronze metal
by 4 points. The driving force for me has
always been having lean legs and until I can
get my package right and correct that area
its contiflyes to be a stubborn body part
and a chali@mge for me."

Bodybuilding can be time

work. One co-worker
that and we jog the bridge whenever we
can."

She tells us this is the first time she has
won The Body Fitness Athlete of the Year
award at the Bahamas Bodybuilding Fit-
ness Federation (BBFF) competition and
she has also won bodybuilder of the year a
few times before over the years. "I started
out as a bodybuilder and switched to figure
when I made my come back in 2008."

‘When preparing for contest such as that
one, Jan works out mainly at BodyZone
and trains at Club One Bahamas formally
Bally's Total Fitness and Mystical Gym.

TUESDAY, JANUARY 25, 2011, PAGE 11B

"T train 7 days a week leading into a
week out from a show, I add rest days if
needed. I increase my cardio to burn fat
and make sure that my diet is very clean
the last few weeks of a show. The goal is to
strip off as much bodyfat as possible. It’s
helpful to have a tramer, teammate or a
friend there to help you because your ener-
gy level is sometimes low and they give
you that extra push," she said.

“Our diet is very individual and depends
on the person’s body type. Some people
don’t really diet per se because their metab-
olism is so fast. They usually have to con-
sume large amounts of food just to hold
their size. For others they do a little off
season where they eat a wider variety of
foods- the clean up the diet or eliminate
certain foods once they start their contest
prep. Contest prep will be easier if you
control what you eat and don’t allow your-
self to gain to much body fat in your off
season. Some people diet year round."

Giving advice for Bahamian women
wanting to start body building, she said
the main thing is for the person to link up
with another body builder that competes,
She got connected with Mr Flint Bridge-
water, a well known body builder from
Freeport.

Apart from the Bahamas, she won sev-
eral metals and awards at shows through-
out the years in just to name a few places
Bermuda, Aruba, Costa Rica, Jamaica,
Barbados Belize, Florida, New York and
Dallas.

‘When asked how long she plans to stay
in the fitness world, Ms Johnson said she
wants to be ‘fit for life.’

"I have seen the benefits of diet and
exercise and I think that I am an example
to others m my age bracket that it helps to
slow down the aging process."

BEAUTY ALL AROUND THE WORLD

Jan Johnson has competed in numerous competi-
tions around the world such as Australia, Belgium,
Italy, New York, Florida, Texas, Bermuda, Costa
Rico. She has made several guest appearances in
Belize, Jamaica, Puerto Rico, Aruba, and Barbados.

Even though she works

as a banker it does not sss

interfere with her pas-
sion for bodybuilding.

She went on to say that The Bahamas
has excellent bodybuilders and fitness ath-
letes that have proven that they can be
the best in our region time and time again.
"We are the best and I am not taking away
from any other countries athletes because
they come ready and they are good and we
have countries we know we have to watch
out for, but the only way we are not the
best is if we don’t carry our A Team. We
are not always able to take an A team
because there are athletes who decide to
sit out for various reasons but if we have
our A Team we dangerous. Raymond
Tucker has won more metals probably
than any other CAC athlete throughout
our region."

"We are not recognised on the level as
other athletes. We have pro bobybuilders
and Fitness. When I come through our
international airport I would like to see
Bahamian bodybuilders lined off with
everybody else. We have the same pride as
anybody else when we travel in the

Bahamas uniform with the Bahamas flag. ~

‘We cry the same tears when we do well
and we want the same respect.

"It takes a whole lot of people’s help
for me to reach where I have in my body-

building career and with contest prep for ,

each show. I have to do a general thank
you because the names are many. Thanks
to Phil’s Food Services for his donation
with regards to helping a bodybuilder and
a little of the funds trickled down to me.
Sponsorship is so important to all of us
so I encourage corporate sponsors to assist

whenever possible, you never know when ~

you might need a good personal trainer.
Also mention goes out to Edwardo

Thompson who keeps me injury free and ,

Debbie Richardson who gets me to the
places where I need to be."



































TO DISCUSS STORIES ON THIS PAGE LOG ON TO See ey oR O07 I





be






















By JEFFARAH GIBSON
Tribune Features Writer



was only validating his

suspicions of his wife's
affair when he went through
her e-mails. But little did he
know the possibility of facing
five years in prison for snoop-
ing existed.

In this potential precedent-setting case
which broke late last year, the Michigan
man who is also a computer technician is
being charged with felony misuse of a com-
puter. Prosecutors in the case argue that
Walker illegally hacked into his wife’s com-
puter after she filed for divorce.

However, he claims it was relatively easy
to get the password to her account because
she kept it in book next to her computer.
His attorney said claims made by the Pros-
ecution in the matter takes the law of com-
puter abuse out of context as it is really
meant to protect trade secrets and credit
data.

From this case a number questions aris-
es in regards to privacy between spouse,
what is acceptable and what is not.

Le Walker thought he



THE TRIBUNE

man TUESDAY, JANUARY 25, 2011

CTION B® HEALTH: Body and mind



‘Was it morally acceptable for Mr Walk-
er to snoop through his wife’s e-mails even
if he had a good enough reason to do so. Is
it okay to go through your partners e-mails,
cell phone, hack their facebook accounts or
even read letters addressed to them with-
out permission?

Tribune Woman spoke to a few persons
gave different point of views on the issue of
snooping.

“Tf they don't give you the permission to
do so I say leave it alone, cause the next
thing you know they end up like this man
who might face jail time for this,” one per-
son who wished to remain anonymous said.

Is there ever a good enough reason to
snoop at all?

Jonae Reckley said that if she is in a
relationship and she is not given a reason to
snoop then she won't.

“T would only snoop if I had reason to
snoop other than that no because in a rela-
tionship there should be trust,” she said.

However she said that if there ever was
a situation where she was left feeling inse-
cure in the relationship then she would.

“If the guy gives me a reason to stop
trusting him then I would. Although it may
violate his rights to privacy I would still
do it to protect myself from further hurt,”
she explained.

If she suspects her partner is seeing
someone else, Janine Clarke prefers to
confront her partner than go snooping.

“T do not agree with that at all. If you
have the feeling sometime its not far from
the truth. I would not go through their
phone or e-mail or anything like that
because I might just find somethmg and be
disappointed by all that,” she said.

Stacey Simms* says she prefers to know
what is gomg on so if it means snooping
that is something she just has to do.

“T have been through all of this. At one
point I thought that my ex - boyfriend was
cheating and I went through his cell phone,
I checked his e-mails. I did everything.
Even went as far as following him when-
ever he left the house, and I did in fact
found out that he was seeing someone else.
It may not be right, but crying myself to
sleep every night and having a broken
heart wasn’t right either.”

Valentino Rahming said: “I don’t think
its okay to snoop on your partner because
when you're in a relationship it requires
that you trust your partner. Snooping basi-
cally shows how insecure the person is or
the lack of trust that they have in the oth-
er individual. If there is a situation that's
going on that makes you suspicious, there
is no need to snoop, just ask questions and







from the response that you get you can
make a decision,” he said.

Teresa Bishop said she will not snoop
but has had it done to her before.

“My take is this, if you have doubts you
don’t really need to check, confront your
partner and ask to see the phone, or e-
mail, if they deny you, then that is confir-
mation.

Matter of fact, I went on a lunch date
recently, I went to the rest room and came
back quickly and met my date going
through my phone and I told him that he
could look because I didn’t have anything
to hide. But it turns out that he was seeing
two other people so he was being insecure
because he knew what he was doing,” she
explained.

Though there might not be a reason that
justifies snooping, some people feel that
being in the “know” and relieving them-
selves of hurt and pain is their only justifi-
cation.

Has anyone snooped on you ? Have
you snooped on anyone ?If so e-mail us at
features@tribunemedia.net or call us at
502-2373 and tell us your story.

* Names have been changed.



was only validating his suspicions of his

Ir when he went through her e-mails.

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The Tribune



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Police chief calls on public
in 2011 fight against crime

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

as we recommit to making our communities
safe places to live, work, visit, and play.”
Although 94 murders were recorded in 2010,

POLICE Commissioner Ellison Greenslade
yesterday issued a rallying call for citizens to
do their bit in making the Bahamas a safer place
to live.

After revealing the crime statistics for 2010,
the country’s top officer promised greater efforts
to enhance public safety in 2011.

And in his call for public help, he said: “I call
upon all well-meaning citizens to stand with us

Nineteen officers sacked last
year after public complaints

Commissioner Greenslade said there was an
overall decrease in crimes against the person
of two per cent when compared with the statis-
tics of 2009.

Murder, attempted murder, and manslaugh-
ter all saw dramatic increases in 2010. Armed
robbery, robbery, and attempted robbery like-
wise increased year over year.

The cases of rape, attempted rape, unlawful
sexual intercourse were the only crimes against

By NOELLE NICOLLS
Tribune Staff Reporter
nnicolls@tribunemedia.net

NINETEEN police officers
were sacked from the Royal
Bahamas Police Force in 2010
after complaints from the pub-
lic.

More than 50 per cent of the
90 Police Tribunal matters com-
pleted last year ended in con-

victions, including the 19 cases
resulting in termination. Twen-
ty cases were withdrawn and
24 cases were dismissed, due to
lack of evidence or for other
reasons.

Deputy Commissioner of
Police Marvin Dames, who has
responsibility for discipline, pre-

SEE page nine

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committed with the use of

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pturnquest@tribunemedia.net

OF the 94 murders that took place in
the Bahamas in 2010, 66 of them were

officials revealed during their press brief-

the person that saw decreases in 2010.
Addressing the media at his annual “Meet
the Press” session at the Paul Farquharson Cen-
tre at Police Headquarters yesterday, Commis-
sioner Greenslade said that notwithstanding the
overall decrease in serious crimes against the
person in 2010, the record number of 94 murders
eclipsed the positive contributions made by offi-
cers who worked very hard to prevent the esca-
lation of serious crimes against the person.

SEE page nine

display yesterday.

By PAUL G TURNQUEST

By NOELLE NICOLLS
Tribune Staff Reporter
nnicolls@tribunemedia.net

firearms, police

on Conference



RALLYING CALL: Police Commissioner Ellison

Greenslade



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_ BRAND NEW HOME
_ GIFTED TO ELDERLY
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: By AVA TURNQUEST

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ELDERLY fire victims

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PAGE 2, TUESDAY, JANUARY 25, 2011 THE TRIBUNE



LOCAL NEWS

Fire hits Cable Beach
traw market again

Vendors fear further delays in moving to rebuilt facility

By CELESTE NIXON
Tribune Staff Reporter
cnixon@tribunemedia.net



YET another fire at the Cable Beach straw market threatens
to create further delays for vendors anxious to move into the
rebuilt facility.

Sources say smoke was seen coming from the rebuilt straw
market just before 10pm on Sunday.

Bystanders contained the fire using bottles and jugs refilled
at anearby water pump until fire engines arrived on the scene.

Only one stall was damaged in the blaze and it has not been
determined whether the incident will affect straw vendors
moving their merchandise into the building, which they had
hoped to do later this week.

“T have yet to receive a report on the fire and cannot com-
ment as to whether the date will be pushed back,” said Neko
Grant, Minister of Public Works and Transport.

Anxious vendors who work in the straw market, which burnt
to the ground last May, have eagerly awaited the completion of
the replacement market promised to them more than six
months ago by the Ministry of Works.

The single-story straw market which housed 43 vendors just
west of Commonwealth Bank on West Bay Street, was com-
pletely destroyed by suspected arson attack eight months ago.

Merchandise being stored at the building at the time was also
lost in the devastating fire.

Scheduled

The new facility, which will house 50 stalls, was originally
scheduled for completion in early August of last year.

However, six months later vendors have yet to set up their
stalls and are worried Sunday’s fire will result in further delays.

“This is really hard, it is our livelihood,” said Janet Prosper.

About half of the 43 Cable Beach vendors have set up wood-
en stalls next door to the market and continue to sell their
straw crafts and merchandise.

“Business is still good and the tourists like having us here”
said another vendor.

She said: “We have not been given permission to be here but
I cannot sit around and wait for the government — I need to
work, I have bills to pay.”

According to Ms Prosper, more than 20 vendors have been
jobless since the fire last year and are waiting for the rebuilt
straw market to open so they can return to work.

“Tt has been eight months, my cry is for those vendors who
are not here, how can they pay their bills? asked Ms Prosper.

“Tt has been long, we are always told next week. We need to
know what is going on,” said another vendor.

Felipé Major/Tribune staff



When asked about the delay, Minister Grant told The Tri-
bune: “We faced unavoidable challenges and it’s regrettable that
the building has taken so much time.”

Mr Grant said there is still a chance the vendors will be able
to set up shop in the building this week.



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A19 YEAR OLD accused
of murder, housebreaking and
stealing was arraigned in
Magistrates Court yesterday.

George Fox Jr, of Glendale
Subdivision, was charged in
the murder of Kendrick
Smith.

A 16-year-old boy of Lud-
low Street and 18-year-old
Kirk Romeo McPhee of But-
tonwood Avenue have
already been charged in con-
nection with the murder.
Smith was killed on Septem-
ber 22 last year. He was
stabbed outside his home in
the Churchill Subdivision off
Soldier Road.

Fox, who was represented
by attorney Roberto Reckley,
was not required to enter a

plea to the charge when he
appeared before Deputy
Chief Magistrate Carolita
Bethell in Court Eight, Bank
Lane.

Fox is also accused of
breaking into two homes at
Fraiser Allotment on January
18.

There, it is alleged, he stole
nearly $3,000 in cash and elec-
tronics.

Fox pleaded not guilty to
these charges.

He is expected to appear in
Court Five today.

His attorney informed the
court that Fox had been in
police custody since last Tues-
day and claimed the accused
was beaten during that time.

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


THE TRIBUNE

TUESDAY, JANUARY 25, 2011, PAGE 3



LOCAL NEWS



Rev Moss: Bahamas on target
for a record year of crime

THE Bahamas is already on target
for another record year of crime and
violence, Rev CB Moss has warned.

In astatement issued yesterday, Rev
Moss, executive director of the activist
group Bahamas Against Crime, said
that having recorded nine homicides
and many other very serious crimes
in the first few weeks of 2011, the
country appears to be well on the way
to another “disastrous year of crime”
and a new record in homicides — the
fourth in five years.

Rev Moss said: “Bahamas Against
Crime extends condolences to the
bereaved relatives and friends of the
deceased, and sympathy to all those
who have been victimised in any way
by crime.

“The landscape of the nation is
stained by the violently spilled blood
of our people, and is becoming even
more drenched as the blood flows
more freely.

“This situation must be arrested and
reversed immediately if a disaster of
catastrophic proportions is to be
avoided.”

Rev Moss urged government to
place some of its financial and human
resources into programmes and pro-
jects already developed by Bahamas
Against Crime, which he said will
“almost certainly begin to reverse the
near overwhelming tide of crime and
violence.”

“The human component is being
neglected to the nation’s peril. More
must be done and done now,” Rev
Moss said.

Bahamas Against Crime also called
on the business, religious and civic
sectors, as well as other stakeholders,
to recognise the “critical danger” in
further delay.

The statement warned all Bahami-
ans not to wait until crime invades
their lives before joining the battle.



“The landscape of
the nation is stained
by the violently
spilled blood of

our people, and is
becoming even
more drenched as
the blood flows
more freely.”

Rev CB Moss

“Tt will likely be too little, too late.”

Rev Moss said he wants to remind
all his fellow citizens that “evil tri-
umphs when good men and women
do nothing.”





Man gunbutted and shot in armed robbery

A MAN is in hospital after
being shot in one of a string
of armed robberies over the
last few days.

On Saturday night, just
before 11pm, two men
approached the victim out-
side Envy Pool Hall in Nas-
sau Village.

One of the men produced
a handgun and demanded
cash.

The culprits robbed the

ADVERTISING
daa aie
ALLOCATED

Beaty
wih

WITH the completion of
the new US Departures Ter-
minal at Lynden Pindling
International Airport
(LPIA) approaching, the
Bahamas Airport Advertis-
ing (BAA) company is in
the process of allocating
advertising spaces for Phase
I

BAA president John
Charles Bethel said he has
already been inundated with
phone calls and emails ask-
ing for advertising place-
ment in Phase I of the air-
port transformation.

BAA first started work
with the Nassau Airport
Development Company

man, gunbutted him, and
then fired several shots, hit-
ting him in the arm

The victim was rushed to
hospital, treated and later
discharged.

A few hours later, police
were called to the scene of
an armed robbery at Lobster
Avenue off Baillou Hill
Road.

A man was arriving at his
home when he was

approached by a gold Honda
occupied by two men, one of
whom produced a handgun
and demanded cash.

They made off with the
victim’s car and an undeter-
mined amount of cash.

Less than an hour later,
officers responded to anoth-
er report of an armed rob-
bery, this time on Sixth
Street in Coconut Grove.

A family reported being

awoken by three men, one
of whom was holding a
handgun and demanding
cash.

They made off with an
undisclosed amount of mon-

ey.
At around 9.30pm on Sun-
day night, a single armed
man tried to rob the Wendy’s
on Carmichael Road.
The culprit entered the
establishment wearing a



FROM LEFT: JOHN Charles Bethel, eidet of Bahamas Airport Advertising; Vernice Walkine,
vice-president of marketing and communication at the Nassau Airport Development Company,
and John Spinks, vice-president of commercial development at NAD.

(NAD) in 2007 in an effort
to transform the old airport.

“The first phase is truly
remarkable work of archi-
tecture, engineering and
functionality. Every
Bahamian will be very
proud of owning the most
premier airport in the
Caribbean. We are very
excited to be part of the
team responsible for putting

the best technology and
advertising presentations
together for our clients in
the new airport,” Mr Bethel
said.

The new US Departures
Terminal is estimated to
have more than 2.2 million
arriving and departing pas-
sengers.

“With the airport set to
open Phase I by early

One year on, death penalty
appeal has still to be heard

NEARLY a year after it was determined
that Godfrey Sawyer should receive the death
penalty, his appeal has still not been heard.

Sawyer’s appeal hearing was scheduled for
yesterday however the matter had to be
adjourned again as it was revealed that Sawyer
did not have an attorney to represent him.

Sawyer, 30, is appealing his conviction and
sentence for the murder of Sterling Eugene
during an armed robbery at Quality Discount
Store in 2005. At his sentencing hearing in
November 2009, then Senior Justice Anita
Allen described the crime as the "worst of

the worst."

Mr Eugene was shot in the back and but-
tocks as he was trying to get off the ground fol-
lowing a struggle in which the victim and
another employee tried to stop a robber from
making his escape with the store's cash trays.

tation.

Sawyer’s hearing was adjourned to February
11 when it is expected that he will be repre-
sented by a court appointed attorney.

Attorney Jerone Roberts had been appoint-
ed to represent him and, as the appellate
court noted yesterday, attorney Wayne
Munroe had submitted skeleton arguments on
behalf of Sawyer, although the inmate had
said he did not want Mr Munroe’s represen-

Last February the Ministry of National
Security announced that the Advisory Com-
mittee of the Prerogative of Mercy had met

and determined that Sawyer's case was not

cution.

one that warranted mercy and advised that
the law should take its course.

It was subsequently announced that Sawyer
had filed an appeal that would delay his exe-

Police officers, nightclub security guards
charged with causing grievous harm

THREE police officers and
two nightclub security guards
accused of causing grievous
harm to man while at a night-
club were arraigned in a Mag-
istrate’s Court yesterday.

Police officers Derrick
Sands, 29, of New Hope Dri-
ve; Forrester Carroll, 38, of
Charles Saunders Highway;

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

and Van Farrington, 31, of
August Street were arraigned
before Magistrate Carolita
Bethell in Court Eight, Bank
Lane.

The men have been
charged, along with nightclub
security guards Kevin Barr,
25, and Demarto Wilkinson,
26, with causing grievous

harm to Jervis Whyms while
at Charlie’s Nightclub, East
Bay Street.

The men are also accused
of stealing $136 from Whyms.
They all pleaded not guilty to
the charges and were grant-
ed bail in the sum of $7,500.

The case has been
adjourned to January 31.

March everyone is incredi-
bly excited and very proud
of the construction compa-
nies and teamwork of NAD
to bring this facility togeth-
er for the Bahamas,” said
Vernice Walkine, NAD
vice-president of marketing
and communication, and
John Spinks, NAD vice-
president of commercial
development.



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black hooded jacket and gun-
butted a man.

This caused the employees
and customers to all run for
the doors.

According to the police,
the culprit decided to make
his escape from the now
empty restaurant as well.

Police are also investigat-
ing a report of a stolen 1997
silver Honda Accord, licence
plate number unknown.

"Replacing your shocks
and struts will keep
your vehicle riding like
new. Have therm
inspected every

12,000 miles."

ANDRE BIRBAL
SEX TRIAL IS
ADJOURNED

By DENISE MAYCOCK
Tribune Freeport
Reporter

dmaycock@
tribunemedia.net

FREEPORT - The
Andre Birbal sex trial
was adjourned yesterday
after a witness for the
defence did not show up
to testify in the Supreme
Court.

Justice Hartman Long-
ley, who is presiding over
the matter, dismissed the
jury and adjourned the
matter to this morning.

Sergeant Brown, an
officer stationed in Aba-
co, was expected give
evidence in the trial on
Friday, but was not
called to testify.

She was expected to
return on Monday.

Arrangements have
been made for Sgt
Brown to travel back to
Freeport today.

Birbal, a former art
teacher, is accused of
having sex with two of
his male students at the
Bight Mile Rock High
School.

The 48-year-old is
charged with eight
counts of unnatural sexu-
al intercourse with two
minors.

It is alleged that the
incidents occurred
between January 2002
and June 2007 with one
boy and between Sep-
tember 2002 and Decem-
ber 2005 with the second.

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PAGE 4, TUESDAY, JANUARY 25, 2011

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

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

Hezbollah moves to control Lebanon govt

BEIRUT — Iranian-backed Hezbollah
moved Monday into position to control the
next Lebanese government when the Shiite
militant group secured enough support in par-
liament to nominate the candidate for prime
minister.

Protests by Hezbollah's Sunni rivals erupt-
ed quickly and they declared a "day of rage”
Tuesday against "Persian tutelage” over
Lebanon — a reference to Hezbollah's patrons
in Iran. Monday's protests were widespread,
but there were no immediate reports of casu-
alties or serious violence.

Nearly two weeks after Hezbollah brought
down the unity-government led by Western-
backed Sunni Prime Minister Saad Hariri, it
lined up the needed backing of at least 65 of
128 parliament members to nominate billion-
aire Sunni businessman Najib Mikati to form
the next government. Voting in parliament on
the new candidate began Monday and was to
conclude on Tuesday.

Hezbollah's opponents say a government
led by the militant group would be disastrous
for Lebanon and lead to international isolation.
The United States, which considers Hezbollah
a terrorist organization, has tried to move
Lebanon firmly into a Western sphere.

A Hezbollah-led government would also
raise tensions with Lebanon's southern neigh-
bour Israel, which fought a devastating 34-day
war against Hezbollah in 2006 that left 1,200
Lebanese and 160 Israelis dead.

By securing an ally at the helm of the gov-
ernment, Hezbollah has capped its steady rise
from a resistance force against Israel in the
early 1980s to Lebanon's most powerful mili-
tary and political force today. After the war
with Israel, Hezbollah briefly took control of
the streets of Beirut in 2008 sectarian clashes
that killed 81 people and angered many who
accused the group of breaking its promise nev-
er to use its arsenal against the Lebanese.

In 2009, the group joined the government
with virtual veto power over all its decisions.
Hezbollah brought that government down on
Jan. 12 after Prime Minister Hariri refused
the group's demand to cease cooperation with
a U.N.-backed tribunal investigating the 2005
assassination of his father, former Prime Min-
ister Rafik Hariri.

The tribunal is widely expected to indict
Hezbollah members in the assassination, some-
thing that has raised fears of renewed violence
in this tiny, volatile Mideast country.

Several hundred Hariri supporters protest-
ed Monday in the northern city of Tripoli, a
predominantly Sunni area and a hotbed of
fundamentalists. They chanted slogans against
Mikati, a lawmaker from Tripoli.

The protesters waved pictures of Hariri
and shouted: "Mikati you are not one of us,
leave Tripoli and go away." Some banners

read: "The blood of Sunnis is boiling."

In Tripoli, Hariri's Future bloc declared a
day of peaceful protests Tuesday — but called
ita "day of rage" and played on the sectarian
dimension of the conflict.

Lawmaker Moustafa Alloush said Hezbol-
lah is trying to "belittle the prime ministry” —
a position that under Lebanon's power sharing
system is reserved only for Sunnis.

Mikati appealed for calm and, in a state-
ment, called on Hariri supporters not to upset
stability. Hezbollah and its allies had the sup-
port of at least 57 seats and gained seven more
from the bloc of Walid Jumblatt, the influential
leader of the Druse sect. With Mikati's vote,
Hezbollah reached 65.

Hezbollah leader Sheik Hassan Nasrallah
said Sunday if their candidate gets the post of
prime minister, the group will try to form
another national unity government with Harir-
i's Western-backed bloc.

But Hariri said Monday he will not join a
government headed by a Hezbollah-backed
candidate. On Sunday, Hezbollah's bloc chose
Mikati, who served briefly as premier in 2005.
He presented himself as a candidate reaching
out to all sides. "I don't distinguish between
anyone. I extend my hand to everyone without
exception. ... I say to Prime Minister Saad
Hariri, let us all work together for the sake
of Lebanon," he told reporters.

But Mikati dodged a question if he would
end Lebanon's cooperation with the interna-
tional court — a key Hezbollah demand —
saying only that "any dispute can be solved
only through dialogue.”

A statement issued by Hariri's office said
there is no "consensual candidate" and made
clear Hariri remained the Western-backed
camp's choice for prime minister.

Lawmaker Ogab Sakr said Mikati's candi-
dacy was "a clear challenge to the will of the
parliamentary and popular majority.”

A Harvard graduate, Mikati is seen as a
relatively neutral figure who enjoys good rela-
tions with Syrian President Bashar Assad and
with the pro-Western Hariri, who himself is
seeking to keep the post. Mikati, whose wealth
is estimated at $2.5 billion is on the Forbes
list of world billionaires. In the 1980s, during
Lebanon's civil war, he founded telecom com-
pany Investcom with his elder brother, Taha.
They sold the company to South Africa's MTN
Group for $5.5 billion in 2006.

The Mikati brothers now run M1 Group, a
multibillion dollar holding company with inter-
ests in telecom, oil and gas and real estate
among other things.

Last year, M1 bought a 13.95 per cent stake
in Bank Audi, Lebanon’s largest bank, for
$450 million.

(This article was written by Zeina Karam
of the Associated Press).



Unions in

BTC issue

have truly
amazed me

EDITOR, The Tribune.

They essentially are try-
ing to convince all of us that
the real issue for them is
Bahamian ownership of
BTC, really now! Who real-
ly believes that they are
more concerned about
whether Bahamians own the
company or that they obtain
the benefits, for themselves
that they perceive they
should receive.

Yet we get all of this talk
about Bahamianisation and
Bahamians owning the com-
pany, what are they talking
about? Why did they not
raise this issue months ago
when they were agitating for
inclusion on the Advisory
Committee; which they
obtained membership on
and was an integral part of
the process arriving at the
selection of Cable and Wire-
less. Julian Francis, Chair-
man of BTC and Co-Chair
of the Advisory Committee,
confirmed in a radio inter-
view with Jeff Lloyd before
the holidays that the unions
were present and had no
major objection, if not
agreed to sell to Cable &
Wireless.

Would the unions have
preferred the PLP/Blue
Water deal? Clearly and
undoubtedly the Blue Water
deal was a terrible proposi-
tion for the Bahamas and
Bahamians. The PLP boast
that they were selling an
interest in BTC to Blue
Water for $260 million, $50
million more than the FNM
at $210 million with a 2 per
cent difference in the inter-
est — 49 per cent versus 51
per cent, respectively. Natu-
rally, the controlling inter-
est would be important to
any investor who is prepared
to inject $210 million into a
company and likely to invest
more in the short term to
upgrade technologies.

What the PLP do not say,
is that, while it is true in
terms of the price, there is a
difference of $50 million
between the two, seemingly,

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favouring the Blue Water
deal — they do not tell you
that Blue Water would
immediately, upon acquisi-
tion of BTC — our compa-
ny, would have acquired at
least $100 million in cash
that was being held by BTC.
Hence, the real price was
$160 million — $50 million
less than the FNM’s Cable
& Wireless deal! What the
FNM has done is taken this
money out of BTC to the
benefit of the Bahamas
Government and _ the
Bahamian people over the
past one-two years.

It does not end there, the
PLP’s deal with Blue Water
allowed them to pay $40
million of the $160 million
over a period of time —
hence, upon the close of the
deal — the PLP would have
sold BTC to Blue Water for
$120 million — the cash paid
at closing of the deal.
Remember though, there
was the $100 million in cash
in BTC, that Blue Water
would have been able to
payout to themselves, there-
by purchasing BTC for $20
million at closing and using
future earnings to pay off
the other $20 million — what
a deal!

Remember, we did not
know and still do not know
who were the owners of
Blue Water it was undis-
closed. Hence, we do not
know who the PLP intended
to give the $100 million from
the coffers of BTC to -
astounding! And, what is the
union’s view?

I do not recall a word
from the unions, oh but,
they were not informed
about any of this because
the PLP did not involve
them at all in the process
and they have the temerity
to talk about why is it that
the FNM would not release

the Memorandum of Under-
standing sooner — the union
is really devoid of any cred-
itability on this matter.

It is the PLP government
that sold out the country —
gave away BTC and no
information was shared with
anyone, including the unions
—and they talk about having
their members register to
vote in large numbers — do
they really prefer the PLP,
in all the circumstances over
the FNM - they need to get
real, and quickly.

Let us not forget and
importantly so, that none
other than Mr Philip
“Brave” Davis, now Deputy
Leader of the PLP, a PLP
MP at the time, was the
lawyer for Blue Water pre-
sumably he played an active
role in the negotiation of the
Blue Water deal for his
client. What about our inter-
est — he was a sitting Mem-
ber of Parliament, after all.
We should also remember,
that Mr Davis’ law firm was
previously Christie, Davis
and Co. Those are the facts.
At the time of the Blue
Water deal Perry Christie
was the Prime Minister of
our country.

Where were the unions?
If they were not aware, as
we posited above, where
have they been since this
information came to the
light of day? Where is the
outrage? There has been no
condemnation of the Blue
Water deal and some of the
players in it— absolutely
none — as they say “deafen-
ing silence.”

And, the union leaders
suggested that their mem-
bers should get registered to
vote; exactly for whom? I
am certain, given all the cir-
cumstances, they must have
been thinking — the FNM!
To suggest otherwise, could
not be taken seriously.

SEAN HEPBURN
Nassau,
January 13, 2011.

| can't wait to see unions demonstrate
against Bahamians and competition

EDITOR, The Tribune.

About 11 years ago, my wife along with hundreds of
BaTelCo employees accepted the company’s severance
package; the deal was according to my understanding — to
prepare the entity for privatisation.

That was sometime in 1999. This is now 2011, and the peo-
ple’s government of the day has selected a candidate to
purchase a 51 per cent stake in the ailing BTC. The masses
should be delighted about the good news; but ruckus has
clouded the issue at hand and the nation has become bitterly
divided over this simple matter.

Okay, let Bahamians buy the entire BTC (100 per cent)
and liberalise the friggin market forthwith. Let competi-

tion reign!

No one in this 21st century Bahamas should have a prob-

lem with that.

After selling BTC to Bahamians and giving other Bahami-
ans a chance to compete with it — I wonder what the noise in
the market would be then?

Let’s go that route, and give the consumers an immediate
choice as to which telecommunications company that they
would prefer doing business with; just like the local radio sta-
tions that we choose to patronise.

We have had a fax-line problem at our office lately, and it
took five different technicians from BTC, on five separate
visits to remedy the problem. What a national disgrace!

This is what the unions are fighting to keep; pure incom-
petence alive at the public’s expense.

It’s time for The Bahamas government to divorce itself of
this ineptitude 100 per cent as far as BTC is concerned. So,
sell it to Bahamians with money to burn and liberalise the
market simultaneously for other Bahamians to capitalise on
BTC’s uselessness.

I can’t wait to see the unions demonstrate against Bahami-
ans and competition. Then, we shall see their real motives
clearly; and that is to protect their lot of backward comrades.

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January 19, 2011.
THE TRIBUNE

TUESDAY, JANUARY 25, 2011, PAGE 5



LOCAL NEWS



Animal cruelty
cases shock GB
Humane ce

By DENISE MAYCOCK
Tribune Freeport Reporter
dmaycock@tribunemedia.net

FREEPORT - Following
last week’s gruesome discovery
of a decapitated dog, the
Humane Society of Grand
Bahama said it was dismayed to
learn of yet another case of ani-
mal cruelty within a matter of
days.

The organisation is now
appealing to the public for infor-
mation that will lead to the
arrest of the culprit or culprits.

Tip Burrows, managing direc-
tor of the HSGB, reported that
on Friday morning a dog was
discovered tied up to a sign on
Fishing Hole Road.

A woman who was driving in
the area spotted the animal and
contacted the Humane Society.
The woman remained on the
scene until their field staff
arrived.

Ms Burrows said the dog was
emaciated and had numerous
wounds and injuries.

The dog also had an elastic
band wrapped tightly at the base
of what was once his scrotal sac,
which was severely infected.

The young male potcake, now
named “Ish,” was expected to
undergo surgery Saturday morn-
ing to repair the damage.

“Despite what must be
unimaginable pain, Ish is a gen-
tle, sweet soul who appears very
grateful to have been rescued,”
Ms Burrows said.

“The HSGB would like to
offer a reward, but as the over-
whelmed non-profit’s funds are
low, we would like to let the
public know that donation
pledges towards rewards for cas-

ART TOUR: Pictured is the work of Nassau artist Kishan Munroe.



ISH, who was tied up to a sign, wounded and extremely emaciated

es like this would be helpful,”
she said.

Early last week, the Humane
Society discovered two dogs
through a track road off West
Beach Road. The male dog was
dead, his decapitated head lying
next to the body.

The other, an emaciated and
injured female pit bull/boxer
mix, was curled up next to her
dead companion. When she saw
the Humane Society van
approaching she got up and
tried to run, but was so weak
she stumbled and staggered and
they were able to secure her.

The organisation has offered

a reward for information that
would lead to arrest of individ-
ual responsible.

Ms Burrows said the money
will not be awarded until the
reward is actually earned.

“Of course, it is also hoped
the public would give informa-
tion without the hope of a
reward, simply because it is the
humane thing to do,” she said.

Donations to assist with the
medical care and treatment for
abused animals are also always
needed.

Ms Burrows said the spaying
and neutering of animals is free
to those who cannot otherwise

Tour puts spotlight
on Bahamian art

By LAMECH JOHNSON

AN art enthusiast is bringing something
new and unique for Bahamians to enjoy on
the weekends in downtown Nassau.

Jonathan Murray, entrepreneur and tour
guide of Downtown Art Tours, came up
with and initiated the idea in December.

The tour is designed to provide intimate,
educational and interactive experiences
focused on Bahamian art among the likes of
murals, galleries and museums, Mr Murray
said.

“I did start in December but wasn’t
expecting to as it was actually supposed to
start early this year although I decided to
take advantage of the Christmas holiday
kind of time where people who are home
from school or persons who might be inter-
ested in doing a tour just to see if people
would buy into it,” he said.

And according to Mr Murray so far the
turn-out has been “okay.” “Not great. Not
poor. It was a busy time but I got a few pri-
vate bookings off the tours that I did so
that was definitely a positive and I’ve seen
an increase in numbers so it’s a good sign.”

Downtown art tours are currently avail-
able for private school students and will at
some point also be offered to public schools.

The Tribune was given a preview of what
to expect on an art tour.

The tour this paper sampled starts at the
National Art Gallery of the Bahamas on
West Hill Street, stopping at various venues
like the D’Aguilar Art Foundation — which

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has over 1,000 artworks on display valued at
millions of dollars — and other buildings in
town where murals by Bahamian artists are
displayed.

Kishan Moore’s mural “Lift up your
head” is located next to Da Balcony and
depicts elements of Junkanoo, church and
human experience.

Chantal Bethel and Claudette Jean, both
from Grand Bahama, share a mural on
George Street called “The Grand Bahami-
an Vision.” It depicts unity among blacks
and whites as well as the question of “What
is Bahamian?”

Both have had difficulties entering art
competitions because of their status — com-
petitions are usually Bahamian only,
though both these artists are married to
Bahamians.

Mr Murray said he hopes to one day be
able to open the tour to tourists as well,
but currently a lack of funds and other bar-
riers prevent him from doing so.

“At this point ’ve only done local tours
because I don’t have at the moment the
capital to really be able to invest in the
appropriate marketing to appeal to a mas-
sive audience.”

The tour takes place on Saturdays at
10.30am until 12.30 pm where lunch at a
restaurant usually follows. More informa-
tion can be found on Facebook under the
name “DownTown Art Tours.”

The next event “Spend Sunday Loving
our Bahamas” takes place next Sunday
from 3-5pm.



THIS very sick female was found lying next to a male dog who had been denied

afford it for their pets.

“There is absolutely no need
for pet owners to resort to bar-
baric, illegal practices in an
attempt to neuter an animal.
Whether it be a dog, cat, cow,
sheep, or goat, or any other
creature, veterinarians are read-
ily available and able to castrate
animals in a modern, humane
manner; the use of elastic bands
for this and other purposes (such
as tail docking) is now consid-
ered animal cruelty,” she said.

Failing to seek medical atten-
tion for an injured, suffering ani-
mal is also considered animal
cruelty, she said.

“While tying one up to a sign
in a fairly public place is a bit
better than just allowing the ani-
mal to die, it falls far short of
reasonable standards of care,”
she said.

Persons are asked to call 911

COLORS:

BLACK
TAN
GREY

or the GB Humane Society at
352-2477 with information on
these or any other cases of sus-
pected animal cruelty.

“The assistance of the law
abiding public is absolutely nec-
essary to putting an end to atroc-
ities such as this,” she said.

“The HSGB asks the public
to urge government to at least
enact the portion of the new
Animal Protection and Control
Act that provides more protec-
tion for animals, and stiffer
penalties for those who abuse

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or neglect them. The new Act
was passed by Parliament last
summer, but has still not been
enacted.”

When asked to explain the
delay, the government depart-
ment responsible said the hold-
up was at the Attorney Gener-
al’s Office.

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PAGE 6, TUESDAY, JANUARY 25, 2011

THE TRIBUNE



LOCAL NEWS



Annual plant
sale ‘taking

off this year 5

THE annual Horticul-
tural Society of the
Bahamas (HSB) plant sale
is “taking off” this year.

Plant sale chairpersons
Sarah Lobosky and Cindy
Wilde said that the Horti-
cultural Society of Abaco
is chartering a plane to
attend the popular event,
set for Saturday, February

c

5, from 10am to 2pm at the
Bahamas National Trust's
headquarters on Village
Road.

“We are used to people
hiring trucks for the event,
but hiring a plane is a bit

unusual,” said Mrs
Lobosky.
“We are thrilled that the

HSB plant sale is so popu-

lar and has such a great
reputation for well grown,
reasonable plants,” added
Mrs Wilde.

HSB founding member
Sara Parker said the sale
will be a “great time and
place to pick up living
Valentine gifts or take
your curb appeal to a new
height.”

COMMONWEALTH
BANK

CHAIRMAN'S REPORT ON UNAUDITED RESULTS DECEMBER 31, 2010

Commonwealth Bank's unaudited nef income for 2010 grew to exceed $53 million
from the $42 million reported for 2009. Total assets expanded marginally in 2010 to
exceed $1.4 billion, a mew record for the Bonk. Commonwealth Bank's strong results
for 2010 ore o further hesdament fo the Bank's conservative credit risk management
techniques and proctices, song expense management practices ond the Bank's overall
business model which focuses on addressing all Bahamian's personcal banking nesechs
The emphasis on sofety, soundness coupled with o strong senior management team
and govermance regime has ougured well for the Bank and continued success with
returns continuing to provide well above industry norms.

A major contributor to the profitability improvement wos the overall improvement
in the: cqueality of the credit risk partiolia Enhanced credit risk management activities
howe assisted the Bank in reducing the levels of non-performing consumer loans ane
their associated impairment allowances, The overall quality of the credit risk partolin
Continues. bo materially eutperlorm trie: industry int delineuency fahas, prowisiorang levels
ond levels of non-performing loons (below 3% of the Bank’s loan portfolio).

Commonly used industry wide measurement metrics include Return on Assets (ROA),
Return on Equity (ROE), Earnings Per Shore (EPS), and internal pn

These measures for the Bonk all exceeded financial plans ond continue to well exceed

indusiry overages

We continua to build on o solid foundation of key strengths, including a wall
recognized credil risk and expense management! process and a slrong capital base.
These strengths hove enabled the Bank to pay regular quarterly dividends though out

the Vea, and in addition exita-ordinary dividends in February and Nevember 2010,

totaling over $25.5 million to more than 4,500 shareholders.

The remarkable support of shareholders, employees ond our customers underpin our

SLICES,

On behalt of the Board | would like 2 acknowledge the contribution of Mr. T Boswell
Donaldson CBE whe retired as Chairman of the Board on December 314 2010. Mr.
Donaldson hos been o pillar of strength to the Bonk, ond lam pleased he will remain

available te asaial fie Bank oso conaullaril gaing lerveard.

| would like te ocknenwled ge the: engoirigy contribution af all the Board members and
avery mamber of sloth who continue to contribute to the growth ond success of the Bonk.

COMMONWEALTH BANK LTD.
UNAUDITED RESULTS FOR THE YEAR ENDING DECEMBER 31, 2010

ASSETS [$000]

NET INCOME |$°000]

MET INCOME AVAILABLE TO COMMON SHAREHOLDERS

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Mrs Parker is the host
of a Bahamas Realty Now
TV show.

HSB president Dail
Pearce said the plant sale
will offer: water plants,
roses, orchids, bromeliads,
succulents, hedge plants,
native trees, Palms from
the BNT committee, avo-
cados, sapodilla, custard
apple and other fruit trees,
vegetable seedlings and
bedding plants.

For the first time, there
will be a “$5 and under
table,” she added.

Past president Rose-
mary Hanna said: “It’s a
good chance to restock
your garden and prepare
for spring fever and East-
er.”

Plants will range in price
from less than a dollar to
more than $100 depending
on size and rarity. HSB
members grow the plants
and label them for sale,
with 10 per cent of the sale
price going to the HSB.

“Of special interest each
year are hundreds, possi-
bly thousands, of dramatic

bromeliads, tiny tillandsias
or ‘airplants’ to gigantic
hybrids with a five-foot
long leaf,” the HSB said.

Members also often
donate bare root plants to
the sale for landscaping.

No plants will be sold
before 10am on the day of
the sale. HSB members
must bring plants labelled
with proper sales tags,
between 2pm and 6pm on
Friday, February 4.

Founded by the late
Sara Bardelmeier in 1984,
the HSB conducts field
trips and participates in
horticultural shows.

Helping beautify the
nation is one of the soci-
ety’s goals.

The HSB has more than
100 members, including all
the garden clubs, top hor-
ticulturalists and Family
Island growers.

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FOUR PRESIDENTS of the Horticultural Society of the
Bahamas show off examples of the exotic plants featured
at the annual HSB plant sale set for Saturday, February 5,
at the Bahamas National Trust Retreat Garden. Pictured

left to right are: Rosemary Hanna, plant sale co-chairper-
son Cindy Wilde, current president Dail Pearce and plant
sale co-chairperson Sarah Lobosky.











REPORT: MEXICO
LET US QUESTION
DETAINED MIGRANTS

MEXICO CITY
Associated Press

NEWLY RELEASED diplo-
matic cables indicate Mexico let
US. agents question undocu-
mented migrants held in Mexi-
can detention centers as part of
anti-terror efforts, despite the
country's traditional sensitivity
about national sovereignty.

The latest round of Wik-
iLeaks cables released over the
weekend paint a picture of a
nation extremely eager for U.S.
aid in security matters, in the
face of its own disorganized
intelligence sector and threats
from drug cartels. Those threats
included a report that a crime
gang plotted to bring down Pres-
ident Felipe Calderon's airplane
with a grenade launcher, though
no such attack ever took place.

A May 2008 cable from the
U.S. Embassy in Mexico
expressed concern about Mexico
being used as a "potential transit
point for terrorists intending to
launch attacks against the U.S."

"On a positive note," the
cable noted that Mexico's
domestic intelligence agency
"has allowed U.S. government
officers to interview foreign
nationals detained at Mexican
immigration detention centers
dispersed around the country for
potential CT (counterterrorism)
information."

Most people held at Mexican
immigration facilities are undoc-
umented Central American
migrants, but the Americans
were apparently worried that
terrorists from other continents
might be using established
human smuggling routes and
networks.

A February 2010 cable said
Calderon "is also concerned that
organized criminal groups may
try to establish contacts with ter-
rorists.” It said Homeland Secu-
rity Secretary Janet Napolitano
responded that "although we
have not seen evidence to this
effect, the potential is there."

U.S. and Mexican officials
have refused to comment on the
specifics of leaked communica-
tions. In December, Mexico's
federal security spokesman Ale-
jandro Poire said "the contents
of the cables, in many cases,
reflect personal points of view,
are inexact, or taken out of con-
text.”

Other cables display a grim
assessment of Mexico's ability
to fight drug cartels, saying the
country has limited intelligence-
gathering capacity and quoting
Calderon as saying politicians
could be tempted to return to a
tacit policy of tolerating the
gangs. According to an April
2009 cable, a U.S. official asked
him "if there was political
momentum to go back to the old
practice of looking the other
way."

"Calderon replied, 'There is
a serious risk,'" the document
said. "Certain sectors in the past
made informal agreements with
criminals in exchange for a
degree of security, and they are
arguing for that again."

The same cable said Mexico is
very grateful for US. aid.

"Thanks to equipment the
US. had provided, the govern-
ment had managed to thwart a
planned assassination of a key
politician in one state,” it said,
without identifying the politi-
cian.

The 2010 cable also said
Calderon requested U.S. help in
clamping down on violence in
Ciudad Juarez, where about
6,000 people have died in drug-
related killings in the last two
years.

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THE TRIBUNE

TUESDAY, JANUARY 25, 2011, PAGE 7



LOCAL NEWS



Ohio ‘Buckeyes’ experience |
‘true Bahamian’ hospitality |

STUDENTS of the Ohio State
University were recently treated toa
“true Bahamian” experience as the
College of the Bahamas (COB) and
Ministry of Tourism and Aviation
teamed up to host them during a brief
trip to Nassau.

Bernadette Bastian, manager of the
People-to-People Unit in the Ministry
of Tourism, said the ministry facilitat-
ed the visit at the request of the COB.

The occasion was a prime example
of how the People-to-People Unit
moves beyond individual hostings to
include groups of various kinds, she
said.

“Traditionally, people associate the
People-to-People programme with
individuals being invited into the
home of a Bahamian individual or
family,” she said.

“That is a very big part of what we
do, but there is room for much more.
We encourage group hosting for pro-
fessional, social and other types of
groups. Mr Valdez Russell and the
faculty and staff of the College of the
Bahamas have done a wonderful job
of demonstrating this at the tertiary
education level.”

The group of 30 students and facul-
ty from the Ohio State University,
who are known as ‘Buckeyes’, was
treated to a church service and a
Bahamian meal. Later, they were
showered with gifts from COB.

“COB’s generosity is so important
on so many levels,” Ms Bastian said.
“They allowed our guests to have a
deeper encounter of Bahamian cul-
ture, and more importantly, they
turned our visitors into our friends.
Our experience is that our friends sus-
tain business for us over many years,
either returning to visit us again or
recommending our islands as vacation
destinations.”

Ms Bastian encouraged civic and
professional organisations to contact
the People-to-People Unit of the
Ministry of Tourism and Aviation to
explore ways in which they could
extend group experiences to their
affiliates.



















ABOVE: Faculty and students of the
Ohio State University with representa-
tives of the College of the Bahamas
and the People-to-People programme.

RIGHT: People experience at COB.
Pictured (from left) are Bernadette
Bastian and Rose Frazer of Ministry
of Tourism and Aviation, Nancy K
Lahmers of the Ohio State University,
Dr Remelda Moxey and Valdez Rus-
sell of College of the Bahamas and
Bridgette Rahming of Ministry of
Tourism and Aviation.

| EXHIBITION TO LAUNCH
SCHOOL’S ACTIVITIES
FOR LITERACY FEST

GAMBIER Primary
School will be officially
launching its activities for
the third annual Literacy
Fest with an exhibition at
the Mall at Marathon this
morning.

“Navigating the archi-

i pelago through literacy

i expressions” is the topic of
i the showcase.

i School officials said the
i objective is to educate the
i parents and students about
i the importance of literacy
i while helping them to

i develop a deeper appreci-
? ation for their country.

i “We also hope that our

i students are motivated to

i aspire to be better readers
? and writers,” the school

i said.

i The activities of the day
i will include an opening

i ceremony that is sched-

? uled to start at 10am along
i with a career fair sched-

i uled from 11.30 am to

i lpm.

i During the opening cer-
i emony, students will be

i entertained by guest

i artists and Bahamian

? authors.

i The students will be

i exposed to meteorologists,
i health practitioners, envi-

i ronmentalists, bankers,

i chefs, police officers,

i Defence Force officers

? and others.

i Representatives of

? these professions will

i speak to the students and

i help them understand how
i literacy is applied on the

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FROM LEFT: CHAIR of the School of English Studies Dr Marjorie Brooks-Jones; Deon Simms, English major and bursary recipient; Endow-
ment for the Performing Arts members Christiane Oakes, Terry North and Ruth Cleare; Dr Gail Saunders, widow of the late Winston
Saunders; College president Dr Betsy Boze; Lady Joan Foulkes, patron of the Endowment for the Performing Arts; Emmanuel Mosko,
chairman of the Endowment; Endowment members Antonius Roberts, Deborah Lotmore and Dawn Davies; Je’Rome Miller, artist, and
Marina Knowles, mother of COB bursary recipient Deon Simms.

MEMORIALISING the
man who is considered the
driving force behind its
establishment, the Endow-
ment for the Performing
Arts of the Bahamas made
a $25,000 contribution to
the Winston Saunders
Memorial Endowment at
the College of the
Bahamas last week.

The Winston Saunders
Memorial Endowment
supports the continued
development of the arts.

Bursary

The endowment funds
an annual bursary to a stu-
dent enrolled in the bac-
calaureate English studies
programme at COB who
has displayed distinguished
artistic endeavour.

According to the chair-
man of the Endowment for
the Performing Arts of the
Bahamas, Emmanuel
Mosko, it was an honour
to memorialise the late
Winston Saunders in this
way. A former attorney

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



and advocate for the devel-
opment of literature and
the arts in the Bahamas,
Mr Saunders is widely
regarded as a cultural and
artistic icon.

The College of the
Bahamas, when announc-
ing the establishment of
the Winston Saunders
Memorial Scholarship for
English Studies majors,
said that they have “taken
the decision to memori-
alise Mr Saunders in a way
that honours the focus of
his life’s work: education,
language, literature and
culture.”

The members of the
board of trustees said they
believe it is very fitting
that they echo these senti-
ments, said Mr Mosko dur-
ing the press conference at
Government House.

In 2006, COB estab-
lished the Winston Saun-
ders Memorial Endow-
ment with an initial con-
tribution that has since

rown to more than
$50,000 through the gen-

erosity of donors and
friends of the College,
including Je’Rome Miller,
an artist and former pro-
tégé of Mr Saunders.
COB said Mr Miller has
been consistently raising
funding for the Winston
Saunders Endowment
through the annual auc-
tions of his new paintings.

Passion

“By making this signifi-
cant contribution to the
Winston Saunders Memo-
rial Endowment, the
Endowment for the Per-
forming Arts is supporting
the talents and passion of
both current and future
students with a vested
commitment to the arts,
the quest for infinite dis-
coveries and national
development,” said COB
president Dr Betsy Boze.

“In essence, this is what
the late Winston Saunders
lived, and the legacy that
he left through his deep
involvement, connection

and leadership in the arts
and cultural communities.
Today’s gift honours that
commitment.”

The $25,000 gift brings
the total for the Winston
Saunders Endowment fund
to over $75,000. The inter-
est earned from the funds
in the endowment provides
an annual bursary in per-
petuity for a student of the
College. English major,
Deon Simms, is the first
beneficiary of the bursary.

The Endowment for the
Performing Arts has, over
the years, awarded grants
totalling over $60,000
annually, to assist qualified
applicants, both individuals
and groups, in their cre-
ative efforts. Currently
under the patronage of
wife of the Governor Gen-
eral, Lady Joan Foulkes,
the organisation is now in
full planning mode for its
next fund-raiser — “Spring
Into The Arts” — a gala
luncheon at Old Fort Bay
scheduled for Saturday,
March 12.

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PAGE 8, TUESDAY, JANUARY 25, 2011 THE TRIBUNE



LOCAL NEWS



ROTARY “BED RACE’ WINNERS

THESE are the winners of the Rotary Club of East Nassau’s ‘Bed Race’ which raised more
than $9,000 for Rotary’s Polio Plus programme on Saturday. The Bed Race involved 12
teams of people pushing four-wheeled beds with a passenger onboard. The event started
from the Bennigan’s parking lot at the Mall at Marathon.



AWARDS PERFORMANCE: The Cacique ensemble

Entertainers step up
for performance at |

the Cacique Awards |

A TROUPE of entertainers has been
assembled for the theatrical presenta-
tion of the Cacique Awards ceremony
on January 28.

After a rigorous audition process, the
show’s director selected eight dancers
and singers to provide variety enter-
tainment for the gala event.

Members of the troupe range from
fresh faces to veterans who have
become familiar public figures as part of
dance ensembles, singing groups, video
and music recording teams.

The selection of the performers is a
critical component in the production of
the upscale awards, said Bonnie Rolle,
the coordinator of the event.

“In addition to finding out who wins
the various award categories, our audi-
ences are always looking forward to the
entertainment offered at the Cacique,”
Ms Rolle said.

“We have become known for always
staging first class productions. The team
that has been chosen is well-qualified

to ensure that we hit the mark again.”

The ensemble of performers will form
the entertainment core of the awards
show. In addition, the show features
several comedy sketches and specialty
acts.

At the helm of the production is Ian
Poitier, who returns as director of the
show for the third consecutive time.

Mr Poitier has in London theatre and
in film.

“We have been able to put together a
versatile cast,” he said. “There is a lit-
tle of everything for an audience. We
will feature strong dancers and singers.
There will also be a few surprises here
and there. So, there is something for
everyone with discerning taste.”

The Cacique Awards will be held at
the Rainforest Theatre, Wyndham Nas-
sau Resort.

The event is designed to honour the
nation’s highest tourism achievers in
general public and hotel-specific cate-
gories.

THIDUNE TRIVIA

Yesterday's Question

Local Rotary Clubs held a bed race this weekend.
What charity were they supporting and
how much did they raise

Yesterdays Answer

They raised $9,000 for Rotary's Polio Plus
programme.

Yesterdays Winners

Senemae Kelly opts
Jillian Mullings 2pts

Penny Sirra

tpt

Click the ‘Like’ button on the Tribune News
Network Facebook page to play
Tribune Trivia

*Nassau Residents Only



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PAGE 10, TUESDAY, JANUARY 25, 2011

THE TRIBUNE



INTERNATIONAL NEWS



At least 35 people killed and 180 wounded

Bombing at Moscow airport
described as terrorist attack



NATALIYA VASILYEVA,
Associated Press
MOscOoW

Terrorists struck again in the heart
of Russia, with a suicide bomber blow-
ing himself up in Moscow's busiest air-
port and turning its international
arrivals terminal into a smoky, blood-
spattered hall of dismembered bod-
les, screaming survivors and aban-
doned suitcases. At least 35 people
were killed, including two British trav-
elers.

No one claimed responsibility for
the blast at Domodedovo Airport on
Monday that also wounded 180 peo-
ple, although Islamic militants in the
southern Russian region of Chechnya
have been blamed for previous attacks
in Moscow, including a double suicide
bombing on the capital's subway sys-
tem in March 2010 that resulted in 40
deaths. The Interfax news agency said
the head of the suspected bomber had
been found.

President Dmitry Medvedev called
it a terrorist attack and immediately
tightened security at Moscow's two
other commercial airports and other
key transportation facilities.

It was the second time in seven years
that Domodedovo was involved in a
terrorist attack: In 2004, two female
suicide bombers penetrated the lax
security there, illegally bought tickets
from airport personnel and boarded
planes that exploded in flight and
















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(AP Photo/Ivan Sekretarev)
RESCUE OPERATION: A wounded blast victim is moved on a stretcher at Domodedovo airport in
Moscow, Monday, Jan. 24, 2011.

killed 90 people. Medvedev canceled
plans to travel Tuesday to the World
Economic Forum in Davos, Switzer-
land, where he was aiming to promote
Russia as a profitable investment
haven to world business leaders.

Prime Minister Vladimir Putin
ordered the health minister to send
her deputies to hospitals to make sure
the injured were getting the medical
care they needed.

Russians still look to the tough-talk-
ing Putin as the leader they trust to
guarantee their security, and Monday's
attack was likely to strengthen the
position of the security forces that
form part of his base.

Large-scale battles in Chechnya
ended years ago, following two devas-
tating wars that Russia waged with the
republic's separatists, but Islamic mil-
itants have continued to carry out sui-
cide bombings and other attacks.

Most have been in Chechnya and
other predominantly Muslim provinces
in the southern Caucasus region, but
some have targeted Moscow, including
its subways, trains and even a theater.

In Washington, President Barack
Obama condemned the "outrageous
act of terrorism" and offered any assis-
tance. Those comments were echoed
by British Prime Minister David
Cameron, who spoke with Medvedev
and assured him of his complete sup-
port.

Monday's attack was most likely
carried out by a suicide bomber and

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"attempts were being made to identi-
fy him," Investigative Committee
spokesman Vladimir Markin said,
adding that the attacker appeared to
have been wearing the explosives on a
belt.

The blast came at 4:32 p.m., when
hundreds of passengers and workers
were in a loosely guarded part of the
terminal. They were sprayed with
shrapnel of screws and ball bearings,
intended to cause as many casualties as
possible.

Smoke

The terminal filled with thick smoke
as witnesses described a scene of hor-
ror.

"There was lots of blood, severed
legs flying around,” said Yelena Zat-
serkovnaya, a Lufthansa official.

Airport workers turned baggage
carts into makeshift stretchers to wheel
the wounded to ambulances outside,
she said.

Amateur video showed a pile of
bodies on the floor, with other dead
scattered around.

Luggage also was strewn around the
terminal and several small fires
burned. A dazed man in a suit pushed
a baggage cart through the haze.

Driver Artyom Zhilenkov said he
was standing just a few yards (meters)
away from a man who may have been
the suicide bomber.

He saw an explosion on or near the





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man, whose suitcase was on fire.

Zhilenkov said he initially thought
he himself had been injured, but doc-
tors said he was just coated in the
blood of others.

"The guy standing next to me was
torn to pieces,” he said.

Car rental agent Alexei Spiridonov,
25, was at his desk when the blast
struck about 100 yards (meters) away
and "threw me against the wall,” he
said.

"People were panicking, rushing out
of the hall or looking for their rela-
tives. There were people just lying in
blood," Spiridonov said.

Sergei Lavochkin, who was waiting
for a friend to arrive from Cuba, told
Rossiya 24 television: "I heard a loud
bang, saw plastic panels falling down
from the ceiling and heard people
screaming. Then people started run-
ning away.”

The Emergencies Ministry said 35
people were killed, 86 hospitalized
with injuries and 94 were given med-
ical treatment. Among the dead were
two British travelers, Markin said.
Domodedovo was briefly closed to air
traffic immediately after the blast, but
soon reopened.

Hours later, passengers arriving for
their flights lined up outside waiting to
pass through metal detectors that had
been installed at the entrances.

Aviation security experts have been
warning since the Sept. 11, 2001,
attacks in the U.S. that the crowds at

IN SATURDAY’
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PUZZLES, GAMES
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(AP Photo/Alexander Zemlianichenko)
HELPING HANDS: A wounded blast victim is brought by a rescuer to a hospital from Domodedovo air-
port in Moscow, Monday, Jan. 24, 2011.

many airports present tempting tar-
gets to suicide bombers. Arrivals halls
are usually open to anyone.

" Airports are by their nature crowd-
ed places, with meeters, greeters, com-
mercial businesses, and so on," said
Philip Baum, the editor of Aviation
Security International, a London-based
publication.

The attack also called into question
Russia's ability to safely host major
international events like the 2014 Win-
ter Olympics in Sochi and the 2018
World Cup.

FIFA President Sepp Blatter was in
St. Petersburg over the weekend to
formally award Russia the 2018 World
Cup.

Prior to the signing, Blatter told
Putin that he was certain FIFA had
made the right choice.

Built in 1964, Domodedovo is locat-
ed 26 miles (42 kilometers) southeast
of Moscow and is the largest of the
three major airports that serve the cap-
ital, handling more than 22 million
people last year. It is generally regard-
ed as Moscow's most modern airport,
but its security has been called into
question.

The airport insists security is one of
its top priorities, saying on its website
that its "cutting-edge operations tech-
nology guarantees the safety of pas-
sengers' and guests’ lives."

It says 77 airlines offer regular flights
to Domodedovo, serving 241 interna-
tional and national routes.








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THE TRIBUNE



TUESDAY, JANUARY 25, 2011, PAGE 11
INTERNATIONAL NEWS





UNDER POLICE ESCORT, U.S. Marshals leave in a van, back, with Jared Loughner, the man accused of
carrying out a mass shooting in Tucson, who pleaded "not guilty" in a court arraignment hearing on fed-
eral charges against him at Sandra Day O'Connor United States Courthouse Monday in Phoenix. (AP)

Suspect in the
Arizona shooting
case gives a plea

of not guilty

PHOENIX
Associated Press

THE suspect in the shoot-
ing of Rep. Gabrielle Giffords
smiled and nodded but didn't
speak as he appeared in court
Monday and his lawyer pro-
vided the 22-year-old's first
response to the charges: a
plea of not guilty.

In the two weeks since the
deadly attack that killed six
outside a Tucson grocery
store, Jared Loughner's hair
— shaved in the mug shot
that's become an enduring
image of the tragedy — has
grown out slightly. The Tuc-
son resident wore an orange
prison jumpsuit and glasses,
and his wrists were cuffed to a
chain around his waist as
eight U.S. marshals kept
watch in the packed Phoenix
courtroom and gallery above.

Loughner faces federal
charges of trying to assassi-
nate Giffords and kill two of
her aides. More charges are
expected.

Investigators have said
Loughner was mentally dis-
turbed and acting increasing-
ly erratic in the weeks leading
up to the attack on Jan. 8 that
wounded 13. If Loughner's
attorney uses mental compe-
tency questions as a defense
and is successful, Loughner
could be sent to a mental
health facility instead of being
sentenced to prison or death.

But his attorney, Judy
Clarke, said she wasn't raising
issues of competency “at this
time" after U.S. District
Judge Larry Burns of San
Diego asked whether there
was any question about her
client's ability to understand
the case against him.

Giffords was shot in the
forehead and spent two
weeks in a Tucson hospital
before she was flown to
Memorial Hermann Texas
Medical Center Hospital on
Friday. Shortly after her
arrival, doctors said she had
been given a tube to drain a
buildup of brain fluid that has
Kept her in intensive care.

Hospital spokesman James
Campbell said Monday the
next update on the Democ-
ratic congresswoman's con-
dition would come when they
are ready to move Giffords
to the rehab hospital.

Loughner will likely face
state charges in the attack,
and also federal murder
charges listed in an earlier
criminal complaint for the
deaths of Giffords aide Gabe
Zimmerman and U.S. District
Judge John Roll.



IN THIS ARTIST RENDERING,
Jared Lee Loughner, right,
makes a court appearance with
his lawyer, Judy Clarke, at the
Sandra Day O'Connor United
States Courthouse in Phoenix,
Ariz., Monday. (AP)

Those are potential death
penalty charges, which
require a more painstaking
process under Justice Depart-
ment rules.

Prosecutor Wallace Klein-
dienst estimated that he
would know within the next
30 days whether additional
federal charges would be filed
against Loughner.

Kleindienst said prosecu-
tors provided defense lawyers
with records taken from
Loughner's computer and
documents of about 250 inter-
views made in the case.

The judge did not rule on
prosecutors’ request to move
the federal case back to Tuc-
son so that victims and wit-
nesses do not have to make
the four-hour round trip drive
to Phoenix to attend court
hearings. The case was moved
because one of those killed,
Roll, was a federal judge.

Clarke said she didn't
oppose the request at this
time, but questioned where
Loughner would be jailed in
Tucson if the case were
moved.

Clarke has not responded
to requests seeking comment.
She is one of the top lawyers
in the country for defendants
facing prominent death penal-
ty cases, having represented
clients such "Unabomber"
Ted Kaczynski and Olympic
bomber Eric Rudolph. She
has a reputation for working
out plea deals that spare
defendants the death penalty,
as was the case for Rudolph
and Kaczynski.

The judge set a March 9
hearing to consider motions
in Loughner's case.

The management and staff of

Icsb

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PAGE 12, TUESDAY, JANUARY 25, 2011

THE TRIBUNE



INTERNATIONAL NEWS

SL

A FARMER cleans a rice field covered in muddy

water believed to be contaminated by the cholera

bacteria in Saint-Mare, Haiti, Saturday. The cholera

epidemic that killed nearly 4,000 people, is claim-

ing fewer victims, with a sharp drop in new cas-

es everywhere from the Artibonite Valley to the
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et

SAINT-MARC, Haiti
Associated Press

THE CHOLERA epidemic
that has raged across this coun-
try is claiming fewer victims,
with a sharp drop in new cases
everywhere from the shimmer-
ing rice fields of the Artibonite
Valley to the crowded urban
slums.

It is a welcome development,
but tinged with doubt: It's not
yet known whether the epi-
demic that has killed nearly
4,000 people is fading or mere-
ly taking a break, only to surge
again perhaps with the onset of
the next rainy season.

"The general situation is
improving. It's clear," Stefano
Zannini, chief of mission for
the aid group Doctors Without
Borders, said Sunday. "The
problem is that the possible
development of the epidemic
is unpredictable. It is impossible
to say whether the situation will
continue stabilizing."

Any progress on controlling
the disease would be a rare bit
of good news for Haiti, which is
passing through a particularly
gloomy period. The country is
on edge amid a political crisis
over a disputed presidential
election, and could see more of
the violent protests that para-
lyzed cities and hampered
cholera treatment in Decem-
ber. Meanwhile hundreds of
thousands are still homeless
from last year's earthquake,
and a much-reviled former dic-
tator suddenly returned and
took up residence in the past
week.

Zannini, whose group is con-
templating scaling back its
more than 40 cholera treatment
centers, was unable to muster
even cautious optimism regard-
ing the disease. The best he
could say was that he was hap-
py new cases and deaths are
decreasing to levels not seen
since soon after the disease
emerged in October.

"I would not be optimistic,"
he said in an interview with The
Associated Press at his Port-
au-Prince office.

For the moment, at least, the
statistics are moving in the right
direction. The number of new
cases has dropped to about
4,700 per week, down from
more than 12,000 per week in
November, and the trend is
downward in all 10 of Haiti's
departments, or regions,
according to the Health Min-
istry's latest bulletin, released
Thursday. The only places it
appears to be still rising are in a
few isolated spots in the north-
west and south. Behind the
drop is a massive emergency
public health campaign in
response to the outbreak. A
new network of cholera centers
staffed by Haitian doctors and
nurses, NGOs and internation-
al volunteers has made it easier
for victims to get oral and intra-
veneous rehydration treatment,
saving thousands of lives.

There have also been exten-
sive efforts to ensure access to
clean water, as well as public
public health campaigns to
teach people how to avoid
cholera. Finally the dry condi-
tions of recent weeks have
slowed the spread of the bacte-
ria.

Health statistics in Haiti are
unreliable, so it's hard to get a
precise picture of the situation.
World Health Organization
spokeswoman Nyka Alexander
noted that it's hard to know
what is happening in remote
regions where many have little
or no access to health care.

Some 40 patients a day are
still coming to the Doctors
Without Borders treatment
center in Saint Marc, where the
disease first exploded, but that's
a third of what it was in Decem-
ber and there hasn't been a
death in six weeks, said field
coordinator Oscar Sanchez
Rey.

Mebombo

"Is this is the end? Nobody
really knows, but the situation
is better," Sanchez said as he
took a break from treating
patients, including a family of
six that all came down with the
disease together. He cautioned
that even though fewer people
are getting sick, the center's
work is still critical: "If no one is
treating patients, they are going
to die, because it's a lethal dis-
ease."

Lilane Estime, 42, tried to
sleep on a wooden bench as
doctors attended to three of her
children. She said all four had
piled onto a motorcycle taxi
and traveled an hour along a
dusty coastal road to reach the
clinic. Seemingly healthy, she
said she could feel cholera
inside her, though she hadn't
gotten sick yet.

"Tf there's a disease going
around killing people, you're
going to be scared," Estime
said.

In Cite Soleil, the dense slum
at the northern edge of Port-
au-Prince, the number of new
cases is now about 15 per week,
down from a high of 700, and
there are similar reports from
nearby neighborhoods. In the
hard-hit Artibonite Valley, the
weekly new caseload is about
700, compared with more than
4,800 in November.

"We don't want to say, ‘OK,
cholera is finished,’ because it's
not,” said Cinta Pluma, a
spokeswoman for the aid group
Oxfam. "But it does seem to
be going down."

Caused by a bacteria that
spreads through contaminated
water, the disease so far has
sickened more than 194,000
people and killed about 3,890
nationwide. It can lead to a
rapid, painful death through
complete dehydration, but is
easily treatable if caught in
time.

In December, U.N. Secretary
General Ban Ki-Moon warned
the outbreak could affect as
many as 650,000 people over
six months, but that seems less
likely now. The Pan-American
Health Organization still pro-
jects cholera will sicken about
400,000 people over a year.

The U.N. Food and Agricul-
ture Organization warned in
December that cholera would
also worsen hunger in the
impoverished nation.

Surveys showed workers in
the Artibonite, Haiti's main
agriculture zone, were afraid to
wade into rice fields and the
public was shunning the
region's produce, causing steep
price drops in the local street
markets.

Jackson Dorgil, an FAO
agricultural technician in the
area, said prices for staple crops
such as onions, tomatoes and
melons plummeted — and
much couldn't be sold at all.

But that too seems to have
improved. At the region's main
market in Pont-Sonde on Sat-
urday, prices and sales were
back to normal, with hundreds
of women selling produce, fish
and other products in neat little
pyramids spread over burlap
sacks.

"Life is starting to be normal
again,” Dorgil said during a
tour of the region.

Rice fields there were filled
with barefoot workers up to
their ankles in muddy water
believed to be contaminated
with the cholera bacteria, plant-
ing the crop under a blistering
sun. Most earn about $2.50 for
a six-hour workday.

Fresnel Louis, the president
of a worker's association in the
area, said radio commentators
were warning people not to go
into the water at the start of
the outbreak, but there were
few options.

"If you tell people in the Art-
ibonite not to touch the water,
you are telling them not to
work — because that's what we
have here," Louis said.

rm lovin’ it

Uae a



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






‘NO DELUSIONS’
ON ONE-OFF
S63MBORCO

WINDFALL



ZHIVARGO LAING

By NEIL HARTNELL

Tribune Business Editor

The $63 million one-off tax

payment received from the
sale of an 80 per cent stake
in the Bahamas Oil Refining

ernment’s core fiscal issues,

bune Business it had “no

SEE page 6B

BIC BLASTS
"EXCESSIVE
FEES FACED —

* Describes licence fee
equivalent to 3% of turnover
as ‘onerous’, and calls for
payment installments

* Objects to ‘subsidising’
URCA’s regulation of other
sectors

* Claims it is ‘over- regulated

By NEIL HARTNELL

Tribune Business Editor ;

The Bahamas Telecom-
munications Company
(BTC) has hit out at the
“excessively high licence
fees” levied on Bahamian
telecoms industry operators,
describing a Communica-

to 3 per cent of annual
turnover as “onerous”,
that it cannot be paid in
installments.

Responding yesterday to
the Utilities Regulation and } :
Competition Authority’s $ ~ all on the rise.
(URCA) three-year draft } 1s a we
i the Association of Certified

; Fraud Examiners (ACFE)

strategy and 2011 annual plan,

SEE page 6B

Damianos

Tar

(4455990 4E TE

ae baa

THE TRIBUNE

usiness

TUES DAY.

JANUARY 25,

2011

SECTION B ¢ business@tribunemedia.net

BEC targets profit

‘in $8-$10m range

i By ALISON LOWE
i Business Reporter
i alowe@tribunemedia.net

The Bahamas Electricity

i Corporation (BEC) is
? expected to generate a net
: profit in the “$8 million to
i $10 million” range in its
? 2011 financial year, Tribune
? Business was told yesterday,
i as its chairman waits to see
: whether auditors confirm it
? turned a “small profit” for
: the first time in five years in
i 2010,

Michael Moss said the

! Corporation is seeing a

“major turnaround” finan-
cially, which will allow the

i public to “feel more com-
i fortable” with the status of

: the state-owned power pro-

Company (BORCO) will not } qycer.

be allowed to mask the Gov- }

Meanwhile, Mr Moss said

th mee f crate @ that while there is “an ele-
7 ~ means . aie . 7 : ment of risk” that BEC cus-
oe ea 2 homers wall <6e-price hikes

delusions” about the effects - result of climbing " I
? prices this year, that risk is

i not “severe” and may be

ACFE MEMBERS and
Winston Rolle.

i By NEIL HARTNELL
? Tribune Business Editor

A leading Bahamian

i accountant yesterday said
: he had seen a 10 per cent
: 1 ! : increase in fraud-related
tions Licence Fee equivalent i assignments and investiga-

; ? tions he had been asked to
sIVen + undertake since the reces-
i sion hit, with various forms

of fraud - purchasing, inven-
tory and financial statements

Speaking at the launch of

SEE page 4B

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offset by gains in electricity
generation efficiency this
year thanks the Corpora-
tion’s improved financial
position.

The chairman noted that
having been placed in a posi-
tion where it had to pay sup-
pliers in advance for materi-
als, after its financial posi-
tion took a nose dive froma
loss of just under $3 million
in the 2005-2006 fiscal year
to a $32 million hole in 2009,
it was “very positive” that
one supplier has now
removed that requirement
and the Corporation is look-
ing forward to others fol-
lowing suit.

As for what this will even-
tually mean for the cus-
tomer, Mr Moss said: “It will
mean there will be improve-
ments in our maintenance
capability, because we can
get materials on a more
timely basis and be able to
execute works more swiftly,
rather than delaying and
deferring as we have been

Accountant in 10%

thus far. “Putting the busi-
ness on a sounder footing
also gives us more of an
opportunity and capacity to
make the kind of capital
investments to make sure
we can provide a reliable
service to our customers.

“It creates a whole new
refreshing picture that we
are finally restoring the
organisation to a semblance
of fiscal prudence going for-
ward.”

Ultimately, Mr Moss said
he hopes an ongoing upturn
in BEC’s financial status will
allow it to go to the inter-
national market to borrow
money “on our own
strength”, as opposed to
requiring guarantees from
the Government, although
improving lenders’ confi-
dence make take some time.

In October, Mr Moss had
suggested that BEC may
reduce its losses in 2010 to
$5 million to $10 million,

SEE page 4B

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



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Licence recovery

By ALISON LOWE
Business Reporter
alowe@tribunemedia.net

A Bahamian accountant yesterday suggested that pri-
vate hospitals and medical clinics may have been incor-
rectly required to pay Business Licence fees, amounting
to hundreds of thousands of dollars, for decades.

Theofanis Cochinamogulos, managing partner of
Cochinamogulos and Co, a chartered accountancy and
management consultancy firm, told Tribune Business
yesterday that it was his belief, in consultation with attor-
neys, that private medical clinics and Doctors Hospital
may be wise to consider the possibility of “recovery” of
the Business License fees paid under the old Act given its

wording.

“We have received legal advice which would indicate
there is a good case which could be made for recovery,”

said Mr Cochinamogulos.

Sub-section (1)(c) of section seven of the Business
License Act 1980 (replaced this year by the Business
License Act 2010, which came into force on January 1,
2011), states: “Notwithstanding anything to contrary in
section (4), no fee shall be payable under this Act by a
medical clinic or hospital carried on within the Bahamas
approved for the purpose by the Minister.”

SEE page 4B



CABLE QUESTIONING CELLULAR
EXCLUSIVITY POLICY COMPLIANCE

By NEIL HARTNELL
Tribune Business Editor

Cable Bahamas yesterday
questioned whether the likely
extension to the Bahamas
Telecommunications Compa-
ny’s (BTC) cellular monop-
oly is being effected in accor-
dance with the Communica-
tions Sector Policy, the BISX-
listed company urging regu-
lators to at least permit some
early competition in this seg-
ment by providing for mobile
virtual networks (MVNOs).

SEE page 6B

* Asks if BIC’s monopoly
extension from two to three
years coming from URCA
proposal, as required for
changes to sector policy

* Urges that rivals be allowed
to offer competing services
via BIC’s network, so ‘triple
play’ can be provided

* URCA urged to stop ‘stall’
and have number portability
working by end-2011

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TUESDAY, JANUARY 25, 2011, PAGE 3B





URCAS 3.3% overheal "Tourism’s concern on
missed EPA duty falls

But Bahamian hotels see positive impact from EU trade deal

increase ‘inappropriate’

By NEIL HARTNELL
Tribune Business Editor

Leading Bahamian telecommunications companies have }

int : By ALISON LOWE
budget for 2011, one describing the 9.3 per cent or $449,637 | Business Reporter

i alowe@tribunemedia.net

expressed “extreme disappointment” with the sector regulator’s

increase in its budgeted overhead as “inappropriate” in an eco-
nomic downturn.

Paul Hutton-Ashkenny, president of Systems Resource Group

(SRG), which operates as president of IndiGo Networks, in his

of 2010.

“At a time of economic downturn, when businesses are faced }
with taking aggressive steps to contain and cut their overhead, SRG }
is concerned that URCA proposes to engage in quite the opposite }

by instead substantially increasing its overhead in 2011,” Mr Hut- : : L E
: Caribbean Council, a London-based inter-
“With the greatest respect, SRG believes that in the current eco- } national consultancy organisation focused

nomic climate URCA’s proposed increase in budgeted overhead ; 02 Caribbean development, was released

of 9.3 per cent over 2010, representing an additional $449,637, is | tlier this month and presented to tourism

? stakeholders at the Caribbean Marketplace

“Like private companies in the sector that it regulates, URCA 2011, held in Montego Bay, last week.

must be prepared to be seen to be acting in a fiscally responsible }
manne and avoiding becoming Dose wth exeesve ss S| for he Cea tourom seo, the oat
ee ? ment discusses the offers made in regard to
ee i both goods and services sold in the
The Bahamas Telecommunications Company (BTC), mean- } 8

while, said it was “extremely disappointed” with URCA’s budget, } lenges the EPA presents for the region’s

L . ? top industry. The manual concludes that
It pointed out that fee and licence revenues generated by the } the EPA “offers significant opportunities to
1 : . ? the Caribbean tourism industry over the
although they rose by 3 per cent in 2009. This, BTC said, showed } next decade, and it is vital that the industry
i? takes full advantage of the commitments
sive licence fees imposed by URCA, which URCA continues to :

ignore, to justify as the rationale for the percentages imposed on }

ton-Ashkenny said.

inappropriate.

operators to pay for its excess.”

which had grown by $500,000.
communications sector had fallen in 2008, in comparison to 2007,

a “levelling off”, although “licensees were attacked by the exces-

licensees”.

half times” the regulator’s training budget.

URCA’s stated training goals.

relocation on top of the $1 million allocated for this.

impact the regulator’s activities and licence activities.

OVERSEAS NEVVS



A new “layman’s” manual on the impli-

: cations of the Economic Partnership Agree-
response to the Utilities Regulation & Competition Authority’s }
(URCA) budget and three-year draft strategy, urged the regulator
to “exercise fiscal restraint” and set its 2011 budget to match that }
i hoped for” in the area of import duty

ment (EPA) for the Caribbean tourism
industry has suggested the trade deal “will
not have the beneficial effect which was

reductions, as 75 per cent of all goods com-
monly imported by the industry will see
no tariff reductions.

The document, produced by the

Entitled Taking advantage of the Eco-

nomic Partnership Agreement: A manual

Caribbean, and the opportunities and chal-

made by the EU”.
Opportunities include the possibility of

i duty reductions in some areas, “training,

BTC added that staff costs had increased year-over-year by }
$300,000 compared to 2010, despite only two extra employees }
being added, while the salaries for the two posts - URCA’s chief }
executive and director of policy and regulation - was “one-and-a- }
? petitive practices by EU companies oper-
Some $291,000 had been allocated to training and conferences, : ating in the Caribbean tourism sector, and
BTC said, a $47,000 increase compared to 2010, with the former fig- : | C © bri
ure accounting for 5.5 per cent of URCA’s $5.3 million total oper- } S¢TVIces that will benefit the tourism indus-

ating expenditure. BTC hinted that this did not square with }

technical assistance and capacity building
support”, opportunities for Caribbean
tourism companies to “operate more easi-
ly in the EU”, protection against anti-com-

new market entrants from Europe bringing

try.
It also warns that the EPA will “cause

Cable Bahamas, too, expressed concern, adding that URCA ; new competitive threats to the industry,

had added another $214,440 to costs associated with its head office } ; : ;
? other tourism providers being allowed to

It also called on URCA to justify the $5.9 million that was } provide DEW piv Ces 10 the Caribbean :
; : ? Such potential threats, however, are “care-

transferred from it to the Government, and asked how this would : oe
i fully regulated by the agreement” with

primarily relating to European hotel and

“measures of protec-
tion included in the
EPA” laid out in the
manual itself.

Responding to the
manual’s position on
the protection of
import duties on
many goods demand-
ed by the tourism sec-
tor, Bahamas Hotel
Association president,
Stuart Bowe, yester-
day suggested the
agreement’s overall impact in this regard
will be a positive one.

He told Tribune Business that while
duties “will remain for some categories,
the market will become liberalised for
many, particularly for major equipment
purchases”.

“This will ultimately result in less expen-
sive prices for many goods for Bahamian
businesses,” Mr Bowe said.

Meanwhile, he added that the region and
the Bahamas “did well in looking out for
the core interests” of “allied members” of
the tourism industry, such as tour operators
and publishers, by ensuring their service
sectors were not subject to “full liberalisa-
tion”, and therefore “the threat of foreign
ownership by large, global EU-based com-
panies”.

The manual notes that under the EPA,
only around 10 per cent of all import duties
were “excluded altogether from any long-
term duty reductions” due to governments’
desire to protect indigenous industries or
revenue streams.

Within this 10 per cent exists a “very
substantial proportion of the products the
industry currently imports, particularly in
the area of foodstuffs”.

“As such, the EPA will not have the ben-
eficial effect which was hoped for in terms
of dramatically reducing the import costs of
the day-to-day requirements of hoteliers
and other tourism providers,” said the doc-
ument. It adds that there are examples of
more high cost but “less regularly import-
ed” products which were subject in the past



STUART BOWE

to “prohibitively high import duties”, like
televisions, which will see duty reductions.

However, such items were often subject
to duty waivers for the hotel and tourism
industry already in many cases, the manu-
al notes.

Mr Bowe and BHA executive vice-pres-
ident, Frank Comito, attended a workshop
during the Caribbean Marketplace 2011 in
which the new manual was discussed and, in
a statement issued to Tribune Business yes-
terday, Mr Bowe said the BHA, in con-
junction with the Caribbean Hotel and
Tourism Association, is committed to “find-
ing ways to assist the Bahamas’ tourism
sector in taking advantage of the EPA
opportunities”.

Such efforts will involve sharing with its
members, both hotels and other tourism
operators, information about how they
themselves can seek assistance through the
EPA’s provisions towards becoming more
competitive, said Mr Bowe.

He noted that the manual itself states
that “immediate opportunities” in this
regard exist in the form of “an array of
technical assistance” available to Caribbean
tourism operators in areas including: envi-
ronmental management; energy efficien-
cy; developing new Internet marketing
strategies; language training exchange pro-
grams; promoting eco and sustainable
tourism programs; and information tech-
nology support.

“The handbook provides a layman's
overview of the EPA, aimed at assisting
tourism stakeholders in understanding
where opportunities will exist for the
exchange of goods and services, and where
technical assistance will be available to
assist the sector. We welcome this tool and
will be working with CHTA on finding
ways to assist the Bahamas tourism sector
in taking advantage of the EPA opportu-
nities,” said Mr Bowe.

He added that “over the coming months
national hotel associations in the region
will explore with CHTA these various
opportunities for assistance and, through
CHTA, will seek funding support” from
the EU via the EPA.



Bernanke bond plan faces US hiring plans top layoffs by most in twelve years

more skeptics within Fed

JEANNINE AVERSA,
AP Economics Writer
WASHINGTON

Treasury bond purchase plan.

face stiffer resistance within the Fed.

ing stock prices. But some, like the two new Fed voting mem-

inflation by keeping rates too low for too long.

The Fed's first meeting of the year will occur Tuesday and }
Wednesday, after which it will issue a policy statement. Among }
four regional Fed bank presidents who will rotate onto the :
policymaking group are two who have spoken out against the }
Treasury bond plan: Charles Plosser of the Federal Reserve }
Bank of Philadelphia and Richard Fisher of the Federal Reserve :

Bank of Dallas.

Plosser and Fisher would likely oppose any effort to extend
the program. They may even pressure Chairman Ben Bernanke :

to scale back the program before June.

The Fed's mid-March or late-April meetings will likely be piv- }
otal. That's when the Fed will probably signal its decision }
about the bond-buying program. The bond purchases, besides
inciting concerns from some Fed officials, have drawn criticism }
from Republican lawmakers and from China, Brazil, Germany i

and other key trading partners.

When they were previously voting members, during the 2008
financial crisis, Fisher and Plosser opposed Bernanke's deep }
interest rate cuts. Fisher dissented at five of the Fed's 10 meet- :

ings that year, Plosser at two.

Both could also dissent from the Fed's likely decisions this
year to continue holding its key interest rate at a record low ;
near zero. Most economists don't think the Fed will start boost- }
ing rates until next year. But Fisher and Plosser may try to prod }

the Fed to raise rates sooner.

At this week's meeting, the Fed is all but certain to maintain }
the pace of its bond-buying program, and hold interest rates at
ultra-low levels. While Bernanke has said the economy is :
strengthening, he and other officials have also cited economic :

threats that they say justify continued bond purchases.

More foreclosed homes could depress home prices, for exam- }
ple. State and local governments around the country are facing }
budget crises and may further cut spending and staff levels. }
Europe's debt problems could roil Wall Street, dragging down }
stock prices. Combined, those possibilities could cause Amer- :

icans to spend more cautiously, slowing the economy.

"The Fed is going to proceed cautiously,” said Alice Rivlin,
who served as the Fed's No. 2 official in the late 1990s. "They :
are looking for a stronger recovery, but they can't predict :

exactly how it will play out.”

Fisher and Plosser probably won't dissent at this week's :
meeting. But they're likely to break from Bernanke in the }
spring. The economy is expected to be growing faster by then, }
and inflation could be running a bit higher. Still, unemployment, }

now at 9.4 percent, is expected to remain elevated.

Fisher and Plosser are considered inflation "hawks" — more }
concerned about the threat of high inflation than about the need
to stimulate the economy. They're less inclined to back low }
interest rates and other steps that might ease high unemploy- ;

ment if the risk of fanning inflation seems too high.

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

DANIEL WAGNER,
AP Business Writer

WASHINGTON

Industry economists say the

: US. economic recovery is gain-
? ing strength, with more firms
Few expect any major shifts when the Federal Reserve's } oa ies oe plans
policymaking panel meets this week, even though two of its new } “40 Im over a decade.

voting members have been skeptics of the Fed's $600 billion Nistisnal' Aecomntiod tor Rusk

? ness Economics finds that econ-

That could all change by spring, when the Fed must decide | Qicts are more hopeful about

whether to extend its bond purchases. Any push to renew the } overall economic growth, the

program beyond its scheduled June 30 end date would likely i job market and demand for
. . : companies’ products and ser-
The Treasury bond purchases are intended to aid the econ- : vices by many measures than

omy by lowering interest rates, encouraging spending and rais- :

A new survey from the

they have been since the start

: of the Great Recession.
bers, warn that the bond purchases could eventually ignite :

The survey found that busi-

ness decisions are now "being
driven by the fundamentals of
an improving economy,” said
Shawn DuBravac, an economist
with the Consumer Electronics
Association who analyzed the
findings.

The quarterly survey includes
the views of 84 economists for
private companies and trade
groups who are NABE mem-
bers. The data are reported by
broad industry group. Many
results are expressed as Net
Rising Index, or NRI — the
percentage of panelists report-
ing better outlooks minus the
percentage whose outlook is
bleaker.

The number of economists

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PAGE 4B, TUESDAY, JANUARY 25, 2011

THE TRIBUNE





Medical facilities

‘may have case’
for Business
JF CaNC encoun es



FROM page 1B

Mr Cochinamogulous said that based on this,

right for clinics and hospitals under the law”.

been with the hospital.

Annoyed

“We're very much annoyed with it. We’ve written to the
Attorney General’s Office, the Prime Minister’s, saying
that we should be recognised as a hospital. They are saying
we are recognised as a private company. It’s really bad

Bahamians,” said Mr Sealy.

He added that Doctors Hospital provides “the same lev-
el of or more” healthcare to Bahamians, and therefore
comes to payment of fees to the Government.

the Government to reconsider, it has not “gotten anywhere”
with the matter. Communications sent to the Attorney

General’s Office “up to last year have not gotten any }
i government mandate that we cap the
? surcharge, and that rather than a loan
: it should be used to offset those bills.
: The Government concurred, so rather
. . : ..., : than having that as asum to be repaid
Mr Cochinamogulos said a number of private medical ; we had that as income,” said Mr Moss,

clinics had been in touch with him on the question of the who said the cap had meant BEC was

response”.

Private

Business License fees.

Asked yesterday about the Government’s rationale in } ‘
seeking to have the clinics and hospital pay the fees despite } OTS Dower Bene raed:
the wording of the Act, minister of state for finance, Zhivar- ; fficiently in 2011 7
go Laing, told Tribune Business “for profit businesses must } poReemeemicenhy ed nome

pay business license fees” and this is further reflected in the :

Accountant in 10%

ing, Mr Laing said: “You can’t ask me about the intent of an }

new Business License Act.
Queried on the intent of the original Act, given its word-

Act that was written ye7ars ago.”

And as for whether the Government would consider
refunding any hospitals or clinics who believe they may :

have wrongfully paid the fees under the old Act, the Minister Bahamas Chapter, just the

? second of its kind in the
i Caribbean,
: Christie, partner at Grant
: Thornton (Bahamas), said
i that with fraudsters increas-
? ingly “finding new ways to
i steal inventory” and other
? assets, the organisation
: would play a key role in
: educating Bahamian con-
? sumers and businesses on
: what these methods were
? and how they could combat
? it.

said: “I have no idea what you are talking about.”

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BEC targets profits

in

FROM page 1B

oh ald : compared to 2009’s $32 million loss.

appear that the granting of business license exemptions is a : Yesterday, Mr Moss said that while

: final audited financial statements had
Charles Sealey, chief executive of Doctors’ Hospital, said } not been completed, his expectations
yesterday that that company had been disputing the payment | have ae ees somewhat, ee the
of Business Licence fees for longer than the 11 years he has } Possibility that BEC could see a

“potential swing” of anywhere between

? a $5 million loss and a $5 million prof-
i it recorded for 2010.

Providing some context to this pro-

: jection, Mr Moss said: “There have
: been better controls on expenditures
? during the year. The tariff (rate
i increase) certainly has helped a little bit
: better than we had anticipated.”

because it causes an increase in the cost of healthcare to |

He added that the Government’s

? decision in November not to seek to
i recoup a $3 million “loan” it extended
: to BEC in light of its decision that the
believes it should be considered on an equal footing when it |

fuel surcharge would be capped at 15

? cents per kilowatt hour for “small
Mr Sealy said that despite the hospital’s efforts to get ;

users” also helped.
“BEC advanced to the point that it

was no fault of ours that we were being

deprived of these funds, as it was a

“charging less than the realistic value”

Speaking to BEC’s plans to produce

thing he said should “shield” con-
sumers in part from oil price rises, Mr
Moss said measures are to be imple-
mented which “should result in us pro-
ducing more and more electricity from
our highest efficiency generation
units”.

“We have not been able to do that to
date because we have not been able
to keep them maintained as well as we
would want without the financials to do
so. So they have been breaking down
and we have had to do patch jobs,”
Mr Moss said.

Stabilisation

“If we are able to bring about those
efficiencies hopefully people will see a
stabilisation in the price of electricity
and be shielded from any major oil
price increases. If it goes up 50 per
cent there’s not much you can do to
totally shield customers from that, but
if you have minor increases, 15-20 per
cent, and you can improve operational
efficiency gains 15-20 per cent, cus-
tomers could be shielded,” said Mr
Moss.

The chairman said the Corporation
will be seeking primarily to offset the
rising price of oil by this means rather
than through fuel price “hedging” - the
practice of secking to set a fixed cost
for oil purchased in advanced, in antic-
ipation that this will end up being
cheaper than the price to which it may
rise on the international market.

$8-$10m range

While the Corporation has employed
fuel hedging strategies in the past, Mr
Moss said that primarily because of
the anticipated public reaction should
the Corporation “get it wrong”, it
would no longer be doing so.

“It’s good to hedge if you are in a
regulated environment where you can
go to the regulator and defend your
position. I would say in the largely
unregulated environment in which we
exist it is best you charge actual prices
than to hedge,” he explained.

“The problem is when you hedge
you sometimes lose; you don’t always
win. If we say we hedge at $80 and the
real price ends up at $60 a barrel then
customers will be saying: ‘Oil prices
went down, why are you charging me
more?’, and we will say: “We thought it
would go to $100 a barrel so we hedged
at $80’.

“Sometimes the public is not familiar
and they expect that every time you
will win...that doesn’t happen.”

Nonetheless, Mr Moss said he sees
price hedging as a “strategy for the
future” for BEC, once it comes under
the regulatory control of the Utilities
Regulation and Competition Authori-
ty (URCA), as the Government
intends it to.

“T believe it’s best implemented
when you have someone like URCA
taking responsibility. You can go to
them and say: ‘This is our strategy, this
is what we believe it will yield’, and
you get a ‘yay’ or ‘nay’ beforehand,” he
explained.

FROM page 1B

Kendrick

the Bahamas and bring it to
light to the regulators and
companies,” Mr Christie
explained, assisting the latter
with revamping internal con-
trols, deterrent methods and
technology.

Emphasising just how crit-
ical it was to educate
Bahamians on detecting and
preventing fraud, Mr
Christie recalled how he
recently had to persuade
someone not to comply with
a ‘phishing’ e-mail, which
alleged that the sender was
‘stuck in London’ without
cash and needed to be sent



" find out what’s going on in

AROADRAND | YVORSE | DIRECTORY



“This organisation can $5 000 to enable them to

return home.

“Thad to convince some-
one not to send the money,”
Mr Christie said, adding that
he sent the person in ques-
tion to the ACFE website
to read details about the
scam for themselves.

“T think this organisation
[the ACFE Bahamas Chap-
ter], it’s really historic. It can
make inroads in educating
consumers, companies, non-
profit organisations and
individuals as well,” he
added. “The threat of detec-
tion is actually one of the
things employees are most
afraid of.”

With 7 per cent of rev-
enue the global ‘Rule of
thumb” for estimating how
much of their annual
turnover businesses lost to
fraud per annum, translat-
ed into the Bahamian con-
text of a $7 billion annual
gross domestic product
(GDP), that implied fraud
cost this nation $490 million
- almost $500 million - every
year.

William Walkine, a certi-
fied public accountant and
ACFE Bahamas Chapter
member, described that sum
as “a horrendous number”.

The Royal Bahamas
Police Force yesterday said
that in 2010 some 330 per-
sons were arrested for a
variety of fraud offences,
with 204 charged before the
courts on 290 matters.

Among the alleged
offences were advance fee-
type frauds; persons offer-
ing home and land packages
that did not exist; persons
collecting thousands of dol-
lars in advance for vehicles
they did not deliver; employ-
ee theft and embezzlement;
stealing by reason of service;
and Immigration scams.

Ed Rahming, managing

ACFE members.

director of KRyS Global
(Bahamas) and president of
the ACFE Bahamas Chap-
ter, said: “One of the things
I’ve seen is purchasing
fraud, where a local of for-
eign vendor, works with
someone in the organisation
to double the price, then
pays a kickback to the staff
member involved.

“It’s becoming very popu-
lar and very hard to detect,
unless you know what the
price should be or have
someone checking over the
shoulder.”

And Mr Christie added:
“Inventory theft is a big one
in the Bahamas. I know a
gentleman operating a fish
factory who is literally under
siege. He’s put in all sorts of
controls and cameras, but
the employees are finding
creative ways to get around
them, hiding inventory in
their clothing.

“Inventory theft is a big
one, but one often missed is
financial statement fraud.
I’ve already seen cases of
persons under pressure to
produce results manipulat-
ing the statements, manipu-
lating the numbers.”

Part of the ACFE
Bahamas Chapter’s educa-
tion mission, he added, was
to “educate companies and
investors on unusual num-
bers, things that don’t make
sense in financial state-
ments” as a way to combat
financial statement fraud.

Mr Rahming described
financial statement fraud as
“a big thing” in the US and
UK. He added that the
motivation to manipulate a
firm’s financial performance
upwards came from the
need to meet stock market
and analyst expectations;
increase its purchase price

if subject to a takeover; and,
for the individual, to meet
targets so they could earn a
bonus or access stock
options. Companies might
also manipulate numbers
downwards to reduce, for
example, their tax burden.

“Financial statement
fraud is the biggest threat in
the US and UK, and some-
thing we need to educate
persons here in the business
community about, taking
them through some of the
incidents we’ve found, of
people manipulating the
numbers to get a higher
bonus,” Mr Rahming said.

“Tt’s not so much con-
nected to the stock market
here, because it’s very unso-
phisticated, but more for
financial gain.”

Mr Walkine said that
meeting financial ratios and
covenants stipulated by
lenders, such as the bank,
was another motivation for
Bahamian companies to fid-
dle the books.

Mr Christie said that
based on his experience, he
had seen a 10 per cent
increase in fraud assign-
ments since the recession
struck. “I’m not sure there’s
been a significant pick-up in
fraud, but I’ve seen organi-
sations, even the Govern-
ment, which in the past
would have swept it under
the rug and worked it out,
bringing in professionals,”
he said. The Grant Thorn-
ton (Bahamas) partner
added that that Bahamian
CFEs could work “hand in
glove” with the police on
fraud investigations, adding
that banks, too, were more
willing to call people in from
the outside to conduct fraud
and forensic accounting
investigations.

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




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 V olume: 107 No.52TUESDAY, JANUARY 25, 2011 PRICE 75 (Abaco and Grand Bahama $1.25 W EATHER CLOUDY, SUN, SHOWER HIGH 81F LOW 71F F E A T U R E S M cCOMBO O F THE DAY N E W The Tribune THEPEOPLESPAPER BIGGESTANDBEST L ATESTNEWSONWWW.TRIBUNE242.COM Your Commissioner needs Police chief calls on public in 2011 f ight against crime By PAUL G TURNQUEST Tribune Staff Reporter pturnquest@tribunemedia.net POLICE Commissioner Ellison Greenslade yesterday issued a rallying call for citizens to do their bit in making the Bahamas a safer place to live. After revealing the crime statistics for 2010, the countrys top officer promised greater efforts to enhance public safety in 2011. And in his call for public help, he said: I call upon all well-meaning citizens to stand with us as we recommit to making our communities safe places to live, work, visit, and play. Although 94 murders were recorded in 2010, Commissioner Greenslade said there was an overall decrease in crimes against the person of two per cent when compared with the statis tics of 2009. Murder, attempted murder, and manslaughter all saw dramatic increases in 2010. Armed robbery, robbery, and attempted robbery likewise increased year over year. The cases of rape, attempted rape, unlawful sexual intercourse were the only crimes against the person that saw decreases in 2010. Addressing the media at his annual Meet the Press session at the Paul Farquharson Centre at Police Headquarters yesterday, Commissioner Greenslade said that notwithstanding the overall decrease in serious crimes against the person in 2010, the record number of 94 murders eclipsed the positive contributions made by officers who worked very hard to prevent the escalation of serious crimes against the person. SEE page nine IS IT OKAY TO SNOOP? SEE PAGE 12B OF WOMAN SECTION By AVA TURNQUEST Tribune Staff Reporter aturnquest@tribunemedia.net ELDERLY fire victims were overwhelmed with joy after they received the keys to a brand new home yesterday. Gifted to them by Arawak Homes Limited (AHL and 64-year-old Ruth Evans cut the ribbon to a two-bedroom and two-bath house in Sir Lynden Pindling Estates. Mrs Evans said: I lost everything in the fire, and whatever was left they loot ed it out I was really upset, I was upset and I was mad, and sad and I felt lonely and disappointed everything. I felt like no one loved me, like no one cared I thank you Mr Wilson that you didnt throw me BRAND NEW HOME GIFTED TO ELDERLY FIRE VICTIMS SEE page nine By PAUL G TURNQUEST Tribune Staff Reporter pturnquest@tribunemedia.net OF the 94 murders that took place in the Bahamas in 2010, 66 of them were committed with the use of firearms, police officials revealed during their press brief ing at the Paul Farquharson Conference Centre. Assistant Commissioner Glen Miller said 2010 can be described as one of the most challenging years in the history of By NOELLE NICOLLS Tribune Staff Reporter nnicolls@tribunemedia.net SIGNIFICANTLY fewer drugs were confiscated in 2010 than 2009 an indication of reduced drug activity, according to the police. Each category for the year 2010 has yield DRUG CONFISCATIONS SEE SIGNIFIC ANT DROP IN 201 SEE page nine CONFISCATED FIREARMS on display yesterday. SEE page nine FIREARMS BEHIND MAJORIT Y OF LAST YEARS MURDERS T i m C l a r k e / T r i b u n e s t a f f By NOELLE NICOLLS Tribune Staff Reporter nnicolls@tribunemedia.net NINETEEN police officers were sacked from the Royal Bahamas Police Force in 2010 after complaints from the public. More than 50 per cent of the 90 Police Tribunal matters completed last year ended in con victions, including the 19 cases resulting in termination. Twen ty cases were withdrawn and 24 cases were dismissed, due to lack of evidence or for other reasons. Deputy Commissioner of Police Marvin Dames, who has responsibility for discipline, preSEE page nine Nineteen officers sacked last year after public complaints RALLYING CALL : Police Commissioner Ellison Greenslade Tim Clarke /Tribune staff

PAGE 2

LOCAL NEWS PAGE 2, TUESDAY, JANUARY 25, 2011 THE TRIBUNE TO DISCUSS STORIES ON THIS PAGE LOG ON TO WWW.TRIBUNE242.COM W INNING SMILES: M inister of Education Desmond Bannister along with US Embassy Public Affairs Officer Erica Thibault pose with the winners of the 2011 Dr Martin Luther King Jr Essay Contest at the Lynden Pindling Airport yesterday. The winners were returning from a two-day visit to Atlanta, Georgia to explore the life of the renowned civil rights activist. The winners are: DAngelo Rahming, Abel Abraham ,Denzel Bazard, Michael Dames, JQuianne Lowe, Brittany Mackey. Robertha Dean-McIntosh and Racquel Rose By CELESTE NIXON Tribune Staff Reporter cnixon@tribunemedia.net YET another fire at the Cable Beach straw market threatens to create further delays for vendors anxious to move into the rebuilt facility. Sources say smoke was seen coming from the rebuilt straw market just before 10pm on Sunday. Bystanders contained the fire using bottles and jugs refilled at a nearby water pump until fire engines arrived on the scene. Only one stall was damaged in the blaze and it has not been determined whether the incident will affect straw vendors moving their merchandise into the building, which they had hoped to do later this week. I have yet to receive a report on the fire and cannot comment as to whether the date will be pushed back, said Neko Grant, Minister of Public Works and Transport. Anxious vendors who work in the straw market, which burnt to the ground last May, have eagerly awaited the completion of the replacement market promised to them more than six months ago by the Ministry of Works. The single-story straw market which housed 43 vendors just west of Commonwealth Bank on West Bay Street, was completely destroyed by suspected arson attack eight months ago. Merchandise being stored at the building at the time was also lost in the devastating fire. Sc heduled The new facility, which will house 50 stalls, was originally scheduled for completion in early August of last year. However, six months later vendors have yet to set up their stalls and are worried Sundays fire will result in further delays. This is really hard, it is our livelihood, said Janet Prosper. About half of the 43 Cable Beach vendors have set up wooden stalls next door to the market and continue to sell their straw crafts and merchandise. Business is still good and the tourists like having us here said another vendor. She said: We have not been given permission to be here but I cannot sit around and wait for the government I need to work, I have bills to pay. According to Ms Prosper, more than 20 vendors have been jobless since the fire last year and are waiting for the rebuilt straw market to open so they can return to work. It has been eight months, my cry is for those vendors who are not here, how can they pay their bills? asked Ms Prosper. It has been long, we are always told next week. We need to know what is going on, said another vendor. When asked about the delay, Minister Grant told The Tribune: We faced unavoidable challenges and its regrettable that the building has taken so much time. Mr Grant said there is still a chance the vendors will be able to set up shop in the building this week. Fire hits Cable Beach straw market again Photo: Felip Major/Tribune staff 2011 DR. MARTIN LUTHER KING ESSAYCONTESTWINNERS DESTROYED: The remains of one of the fire-hit stalls. Vendors fear further delays in moving to rebuilt facility A 19 YEAR OLDaccused of murder, housebreaking and stealing was arraigned in Magistrates Court yesterday. George Fox Jr, of Glendale Subdivision, was charged in the murder of Kendrick Smith. A 16-year-old boy of Ludlow Street and 18-year-old Kirk Romeo McPhee of Buttonwood Avenue have already been charged in connection with the murder. Smith was killed on Septem ber 22 last year. He was stabbed outside his home in the Churchill Subdivision off Soldier Road. Fox, who was represented by attorney Roberto Reckley, was not required to enter a plea to the charge when he appeared before Deputy Chief Magistrate Carolita Bethell in Court Eight, Bank Lane. Fox is also accused of breaking into two homes at Fraiser Allotment on January 18. There, it is alleged, he stole nearly $3,000 in cash and electronics. Fox pleaded not guilty to these charges. He is expected to appear in Court Five today. His attorney informed the court that Fox had been in police custody since last Tuesday and claimed the accused was beaten during that time. TEENAGER ACCUSED OF MURDER COUR T NEWS FIREAFTERMATH: The straw market. F e l i p M a j o r / T r i b u n e s t a f f F e l i p M a j o r / T r i b u n e s t a f f FIRE-RAVAGED: The charred inside of a stall.

PAGE 3

WITH the completion of the new US Departures Ter-m inal at Lynden Pindling International Airport (LPIAB ahamas Airport Advertis i ng (BAA the process of allocating advertising spaces for Phase I BAA president John Charles Bethel said he has already been inundated with phone calls and emails asking for advertising placement in Phase I of the airport transformation. BAA first started work with the Nassau Airport Development Company (NAD to transform the old airport. The first phase is truly remarkable work of architecture, engineering and functionality. Every Bahamian will be very proud of owning the most premier airport in the Caribbean. We are very excited to be part of the team responsible for putting the best technology and advertising presentations together for our clients in the new airport, Mr Bethel said. The new US Departures Terminal is estimated to have more than 2.2 million arriving and departing pas sengers. With the airport set to open Phase I by early March everyone is incredibly excited and very proud of the construction compa nies and teamwork of NAD to bring this facility together for the Bahamas, said Vernice Walkine, NAD vice-president of marketing and communication, and John Spinks, NAD vicepresident of commercial development. LOCAL NEWS THE TRIBUNE TUESDAY, JANUARY 25, 2011, PAGE 3 TO DISCUSS STORIES ON THIS PAGE LOG ON TO WWW.TRIBUNE242.COM T HE Bahamas is already on target for another record year of crime andv iolence, Rev CB Moss has warned. In a statement issued yesterday, Rev Moss, executive director of the activist group Bahamas Against Crime, said that having recorded nine homicidesa nd many other very serious crimes in the first few weeks of 2011, the c ountry appears to be well on the way to another disastrous year of crime and a new record in homicides the fourth in five years. Rev Moss said: Bahamas Against Crime extends condolences to theb ereaved relatives and friends of the d eceased, and sympathy to all those who have been victimised in any wayby crime. The landscape of the nation is s tained by the violently spilled blood of our people, and is becoming even more drenched as the blood flowsm ore freely. This situation must be arrested and reversed immediately if a disaster ofc atastrophic proportions is to be avoided. Rev Moss urged government to place some of its financial and human resources into programmes and pro-j ects already developed by Bahamas Against Crime, which he said will almost certainly begin to reverse the near overwhelming tide of crime and violence. The human component is being neglected to the nations peril. More must be done and done now, RevM oss said. B ahamas Against Crime also called on the business, religious and civic sectors, as well as other stakeholders, to recognise the critical danger inf urther delay. The statement warned all Bahamians not to wait until crime invadest heir lives before joining the battle. It will likely be too little, too late. Rev Moss said he wants to remind all his fellow citizens that evil triumphs when good men and women do nothing. A MAN is in hospital after b eing shot in one of a string o f armed robberies over the last few days. O n Saturday night, just b efore 11pm, two men a pproached the victim outside Envy Pool Hall in Nassau Village. One of the men produced a handgun and demanded cash. T he culprits robbed the man, gunbutted him, and t hen fired several shots, hitt ing him in the arm The victim was rushed to h ospital, treated and later d ischarged. A few hours later, police were called to the scene of an armed robbery at Lobster Avenue off Baillou Hill Road. A man was arriving at his h ome when he was approached by a gold Honda o ccupied by two men, one of w hom produced a handgun and demanded cash. T hey made off with the v ictims car and an undeterm ined amount of cash. Less than an hour later, officers responded to another report of an armed robbery, this time on Sixth Street in Coconut Grove. A family reported being awoken by three men, one o f whom was holding a h andgun and demanding cash. T hey made off with an u ndisclosed amount of mone y. At around 9.30pm on Sunday night, a single armed man tried to rob the Wendys on Carmichael Road. The culprit entered the e stablishment wearing a black hooded jacket and gunb utted a man. T his caused the employees and customers to all run for t he doors. A ccording to the police, t he culprit decided to make his escape from the now empty restaurant as well. Police are also investigating a report of a stolen 1997 silver Honda Accord, licencep late number unknown. THREE police officers and two nightclub security guards accused of causing grievous harm to man while at a nightclub were arraigned in a Mag istrates Court yesterday. Police officers Derrick Sands, 29, of New Hope Dri ve; Forrester Carroll, 38, of Charles Saunders Highway; and Van Farrington, 31, of August Street were arraigned before Magistrate Carolita Bethell in Court Eight, Bank Lane. The men have been charged, along with nightclub security guards Kevin Barr, 25, and Demarto Wilkinson, 26, with causing grievous harm to Jervis Whyms while at Charlies Nightclub, East Bay Street. The men are also accused of stealing $136 from Whyms. They all pleaded not guilty to the charges and were grant ed bail in the sum of $7,500. The case has been adjourned to January 31. By DENISE MAYCOCK T ribune Freeport R eporter d maycock@ tribunemedia.net FREEPORT The Andre Birbal sex trial was adjourned yesterday after a witness for the d efence did not show up t o testify in the Supreme Court. Justice Hartman Longley, who is presiding over the matter, dismissed the j ury and adjourned the matter to this morning. Sergeant Brown, an o fficer stationed in Abac o, was expected give e vidence in the trial on F riday, but was not c alled to testify. S he was expected to return on Monday. Arrangements have been made for Sgt Brown to travel back to Freeport today. Birbal, a former art t eacher, is accused of h aving sex with two of his male students at the E ight Mile Rock High S chool. T he 48-year-old is charged with eight counts of unnatural sexu-a l intercourse with two minors. It is alleged that the incidents occurred between January 2002 and June 2007 with one boy and between Sept ember 2002 and Decemb er 2005 with the second. Rev Moss:Bahamas on target for a record year of crime Man gunbutted and shot in armed robbery T T h h e e l l a a n n d d s s c c a a p p e e o o f f t t h h e e n n a a t t i i o o n n i i s s s s t t a a i i n n e e d d b b y y t t h h e e v v i i o o l l e e n n t t l l y y s s p p i i l l l l e e d d b b l l o o o o d d o o f f o o u u r r p p e e o o p p l l e e , a a n n d d i i s s b b e e c c o o m m i i n n g g e e v v e e n n m m o o r r e e d d r r e e n n c c h h e e d d a a s s t t h h e e b b l l o o o o d d f f l l o o w w s s m m o o r r e e f f r r e e e e l l y y . Rev CB Moss AD VERTISING SP ACES BEING ALLOCATED FOR AIRPORT PHASE I FROM L EFT: JOHN Charles Bethel, president of Bahamas Airport Advertising; Vernice Walkine, vice-president of marketing and communication at the Nassau Airport Development Company,a nd John Spinks, vice-president of commercial development at NAD. NEARLY a year after it was determined that Godfrey Sawyer should receive the death penalty, his appeal has still not been heard. Sawyers appeal hearing was scheduled for yesterday however the matter had to be adjourned again as it was revealed that Sawyer did not have an attorney to represent him. Sawyer, 30, is appealing his conviction and sentence for the murder of Sterling Eugene during an armed robbery at Quality Discount Store in 2005. At his sentencing hearing in November 2009, then Senior Justice Anita Allen described the crime as the "worst of the worst." Mr Eugene was shot in the back and but tocks as he was trying to get off the ground following a struggle in which the victim and another employee tried to stop a robber from making his escape with the store's cash trays. Sawyers hearing was adjourned to February 11 when it is expected that he will be represented by a court appointed attorney. Attorney Jerone Roberts had been appointed to represent him and, as the appellate court noted yesterday, attorney Wayne Munroe had submitted skeleton arguments on behalf of Sawyer, although the inmate had said he did not want Mr Munroes represen tation. Last February the Ministry of National Security announced that the Advisory Committee of the Prerogative of Mercy had met and determined that Sawyer's case was not one that warranted mercy and advised that the law should take its course. It was subsequently announced that Sawyer had filed an appeal that would delay his execution. One year on, death penalty appeal has still to be heard Police officers, nightclub security guards charged with causing grievous harm ANDRE BIRBAL SEX TRIAL IS ADJOURNED

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E DITOR, The Tribune. They essentially are trying to convince all of us thatt he real issue for them is B ahamian ownership of BTC, really now! Who real-l y believes that they are m ore concerned about whether Bahamians own the company or that they obtaint he benefits, for themselves that they perceive they should receive. Y et we get all of this talk about Bahamianisation and Bahamians owning the company, what are they talking a bout? Why did they not raise this issue months ago w hen they were agitating for inclusion on the Advisory Committee; which they o btained membership on and was an integral part of the process arriving at the selection of Cable and Wire-l ess. Julian Francis, Chairman of BTC and Co-Chair o f the Advisory Committee, c onfirmed in a radio interview with Jeff Lloyd before t he holidays that the unions w ere present and had no major objection, if not agreed to sell to Cable & Wireless. Would the unions have preferred the PLP/Blue Water deal? Clearly andu ndoubtedly the Blue Water deal was a terrible proposi t ion for the Bahamas and B ahamians. The PLP boast that they were selling an interest in BTC to BlueW ater for $260 million, $50 million more than the FNM at $210 million with a 2 perc ent difference in the interest 49 per cent versus 51 per cent, respectively. Natu-r ally, the controlling inter est would be important to any investor who is prepared to inject $210 million into a company and likely to invest more in the short term to upgrade technologies. What the PLP do not say, is that, while it is true in terms of the price, there is a difference of $50 million between the two, seemingly, f avouring the Blue Water deal they do not tell you t hat Blue Water would immediately, upon acquisition of BTC our compa-n y, would have acquired at least $100 million in cash t hat was being held by BTC. Hence, the real price was $160 million $50 millionl ess than the FNMs Cable & Wireless deal! What the F NM has done is taken this money out of BTC to the benefit of the BahamasG overnment and the Bahamian people over the past one-two years. It does not end there, the PLPs deal with Blue Water a llowed them to pay $40 million of the $160 million over a period of time hence, upon the close of the deal the PLP would haves old BTC to Blue Water for $120 million the cash paid at closing of the deal.R emember though, there was the $100 million in cash i n BTC, that Blue Water would have been able to payout to themselves, there b y purchasing BTC for $20 million at closing and using future earnings to pay off the other $20 million whata deal! R emember, we did not know and still do not know who were the owners of Blue Water it was undisclosed. Hence, we do notk now who the PLP intended to give the $100 million from the coffers of BTC to astounding! And, what is the unions view? I do not recall a word from the unions, oh but, they were not informed about any of this because the PLP did not involve them at all in the process and they have the temerity to talk about why is it that the FNM would not release t he Memorandum of Unders tanding sooner the union is really devoid of any creditability on this matter. It is the PLP government t hat sold out the country g ave away BTC and no information was shared witha nyone, including the unions and they talk about having t heir members register to v ote in large numbers do t hey really prefer the PLP, i n all the circumstances over the FNM they need to get real, and quickly. Let us not forget and importantly so, that none other than Mr Philip Brave Davis, now Deputy Leader of the PLP, a PLP MP at the time, was the lawyer for Blue Water pre-s umably he played an active role in the negotiation of the B lue Water deal for his c lient. What about our interest he was a sitting Member of Parliament, after all. We should also remember, that Mr Davis law firm was p reviously Christie, Davis a nd Co. Those are the facts. At the time of the Blue W ater deal Perry Christie w as the Prime Minister of our country. Where were the unions? If they were not aware, as we posited above, where have they been since thisi nformation came to the light of day? Where is the o utrage? There has been no condemnation of the Blue Water deal and some of the players in it absolutely none as they say deafeni ng silence. And, the union leaders s uggested that their members should get registered to v ote; exactly for whom? I am certain, given all the circumstances, they must have been thinking the FNM! To suggest otherwise, could not be taken seriously. SEAN HEPBURN Nassau, January 13, 2011. EDITORIAL/LETTERS TO THE EDITOR PAGE 4, TUESDAY, JANUARY 25, 2011 THE TRIBUNE The Tribune Limited N ULLIUS ADDICTUS JURARE IN VERBA MAGISTRI B eing 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. P ublisher/Editor 1919-1972 Contributing Editor 1972-1991 E ILEEN DUPUCH CARRON, C.M.G., M.S., B.A., LL.B. Publisher/Editor 1972P ublished Daily Monday to Saturday S hirley Street, P.O. Box N-3207, Nassau, Bahamas Insurance Management Building., P.O. F-485, Freeport, Grand Bahama W EBSITE www.tribune242.com updated daily at 2pm B EIRUT Iranian-backed Hezbollah moved Monday into position to control the n ext Lebanese government when the Shiite m ilitant group secured enough support in parl iament to nominate the candidate for prime minister. P rotests by Hezbollah's Sunni rivals erupted quickly and they declared a "day of rage" T uesday against "Persian tutelage" over Lebanon a reference to Hezbollah's patronsi n Iran. Monday's protests were widespread, but there were no immediate reports of casua lties or serious violence. Nearly two weeks after Hezbollah brought down the unity-government led by Westernbacked Sunni Prime Minister Saad Hariri, it lined up the needed backing of at least 65 of1 28 parliament members to nominate billionaire Sunni businessman Najib Mikati to formt he next government. Voting in parliament on the new candidate began Monday and was to conclude on Tuesday. Hezbollah's opponents say a government led by the militant group would be disastrous f or Lebanon and lead to international isolation. The United States, which considers Hezbollaha terrorist organization, has tried to move Lebanon firmly into a Western sphere. A Hezbollah-led government would also raise tensions with Lebanon's southern neighbour Israel, which fought a devastating 34-day war against Hezbollah in 2006 that left 1,200 Lebanese and 160 Israelis dead. B y securing an ally at the helm of the government, Hezbollah has capped its steady risef rom a resistance force against Israel in the early 1980s to Lebanon's most powerful mili t ary and political force today. After the war with Israel, Hezbollah briefly took control of the streets of Beirut in 2008 sectarian clashes that killed 81 people and angered many who accused the group of breaking its promise neve r to use its arsenal against the Lebanese. In 2009, the group joined the government w ith virtual veto power over all its decisions. Hezbollah brought that government down on J an. 12 after Prime Minister Hariri refused the group's demand to cease cooperation witha U.N.-backed tribunal investigating the 2005 assassination of his father, former Prime Minister Rafik Hariri. T he tribunal is widely expected to indict Hezbollah members in the assassination, some t hing that has raised fears of renewed violence in this tiny, volatile Mideast country. S everal hundred Hariri supporters protest ed Monday in the northern city of Tripoli, a predominantly Sunni area and a hotbed of fundamentalists. They chanted slogans against Mikati, a lawmaker from Tripoli. The protesters waved pictures of Hariri and shouted: "Mikati you are not one of us,l eave Tripoli and go away." Some banners r ead: "The blood of Sunnis is boiling." In Tripoli, Hariri's Future bloc declared a d ay of peaceful protests Tuesday but called i t a "day of rage" and played on the sectarian d imension of the conflict. Lawmaker Moustafa Alloush said Hezboll ah is trying to "belittle the prime ministry" a position that under Lebanon's power sharing s ystem is reserved only for Sunnis. Mikati appealed for calm and, in a statem ent, called on Hariri supporters not to upset stability. Hezbollah and its allies had the supp ort of at least 57 seats and gained seven more from the bloc of Walid Jumblatt, the influential leader of the Druse sect. With Mikati's vote, Hezbollah reached 65. Hezbollah leader Sheik Hassan Nasrallah s aid Sunday if their candidate gets the post of prime minister, the group will try to forma nother national unity government with Harir i's Western-backed bloc. But Hariri said Monday he will not join a government headed by a Hezbollah-backed candidate. On Sunday, Hezbollah's bloc chose M ikati, who served briefly as premier in 2005. He presented himself as a candidate reachingo ut to all sides. "I don't distinguish between anyone. I extend my hand to everyone without e xception. ... I say to Prime Minister Saad Hariri, let us all work together for the sake of Lebanon," he told reporters. But Mikati dodged a question if he would end Lebanon's cooperation with the internat ional court a key Hezbollah demand saying only that "any dispute can be solvedo nly through dialogue." A statement issued by Hariri's office said t here is no "consensual candidate" and made clear Hariri remained the Western-backed camp's choice for prime minister. Lawmaker Oqab Sakr said Mikati's candidacy was "a clear challenge to the will of the p arliamentary and popular majority." A Harvard graduate, Mikati is seen as a r elatively neutral figure who enjoys good rela tions with Syrian President Bashar Assad and w ith the pro-Western Hariri, who himself is seeking to keep the post. Mikati, whose wealth is estimated at $2.5 billion is on the Forbes list of world billionaires. In the 1980s, during Lebanon's civil war, he founded telecom com p any Investcom with his elder brother, Taha. They sold the company to South Africa's MTN G roup for $5.5 billion in 2006. The Mikati brothers now run M1 Group, a m ultibillion dollar holding company with inter ests in telecom, oil and gas and real estate among other things. Last year, M1 bought a 13.95 per cent stake in Bank Audi, Lebanons largest bank, for $450 million. (This article was written by Zeina Karam o f the Associated Press). Unions in BTC issue have truly amazed me LETTERS letters@tribunemedia.net Hezbollah moves to control Lebanon govt EDITOR, The Tribune. About 11 years ago, my wife along with hundreds of BaTelCo employees accepted the companys severance package; the deal was according to my understanding to prepare the entity for privatisation. That was sometime in 1999. This is now 2011, and the peoples government of the day has selected a candidate to purchase a 51 per cent stake in the ailing BTC. The masses should be delighted about the good news; but ruckus has clouded the issue at hand and the nation has become bitterly divided over this simple matter. Okay, let Bahamians buy the entire BTC (100 per cent and liberalise the friggin market forthwith. Let competi tion reign! No one in this 21st century Bahamas should have a problem with that. After selling BTC to Bahamians and giving other Bahami ans a chance to compete with it I wonder what the noise in the market would be then? Lets go that route, and give the consumers an immediate choice as to which telecommunications company that they would prefer doing business with; just like the local radio stations that we choose to patronise. We have had a fax-line problem at our office lately, and it took five different technicians from BTC, on five separate visits to remedy the problem. What a national disgrace! This is what the unions are fighting to keep; pure incompetence alive at the publics expense. Its time for The Bahamas government to divorce itself of this ineptitude 100 per cent as far as BTC is concerned. So, sell it to Bahamians with money to burn and liberalise the market simultaneously for other Bahamians to capitalise on BTCs uselessness. I cant wait to see the unions demonstrate against Bahamians and competition. Then, we shall see their real motives clearly; and that is to protect their lot of backward comrades. Simple as that! DENNIS DAMES Nassau, January 19, 2011. I cant wait to see unions demonstrate against Bahamians and competition

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By DENISE MAYCOCK Tribune Freeport Reporter dmaycock@tribunemedia.net FREEPORT Following last weeks gruesome discovery of a decapitated dog, the Humane Society of Grand B ahama said it was dismayed to learn of yet another case of animal cruelty within a matter of days. The organisation is now appealing to the public for information that will lead to the arrest of the culprit or culprits. Tip Burrows, managing direct or of the HSGB, reported that on Friday morning a dog was discovered tied up to a sign on Fishing Hole Road. A woman who was driving in the area spotted the animal and contacted the Humane Society. The woman remained on the s cene until their field staff arrived. Ms Burrows said the dog was emaciated and had numerous wounds and injuries. The dog also had an elastic band wrapped tightly at the base of what was once his scrotal sac, which was severely infected. The young male potcake, now named Ish, was expected to undergo surgery Saturday morning to repair the damage. Despite what must be unimaginable pain, Ish is a gentle, sweet soul who appears very grateful to have been rescued, Ms Burrows said. The HSGB would like to offer a reward, but as the over whelmed non-profits funds are low, we would like to let the public know that donation pledges towards rewards for cas es like this would be helpful, she said. Early last week, the Humane Society discovered two dogs through a track road off West Beach Road. The male dog was dead, his decapitated head lying next to the body. The other, an emaciated and injured female pit bull/boxer mix, was curled up next to her dead companion. When she saw the Humane Society van approaching she got up and tried to run, but was so weak she stumbled and staggered and they were able to secure her. The organisation has offered a reward for information that would lead to arrest of individual responsible. Ms Burrows said the money will not be awarded until the reward is actually earned. Of course, it is also hoped the public would give information without the hope of a reward, simply because it is the humane thing to do, she said. Donations to assist with the medical care and treatment for abused animals are also always needed. Ms Burrows said the spaying and neutering of animals is free to those who cannot otherwise afford it for their pets. There is absolutely no need for pet owners to resort to barbaric, illegal practices in an attempt to neuter an animal. Whether it be a dog, cat, cow, sheep, or goat, or any other creature, veterinarians are readily available and able to castrate animals in a modern, humane manner; the use of elastic bands for this and other purposes (such as tail docking) is now considered animal cruelty, she said. Failing to seek medical attention for an injured, suffering animal is also considered animal cruelty, she said. While tying one up to a sign i n a fairly public place is a bit better than just allowing the animal to die, it falls far short of reasonable standards of care, she said. Persons are asked to call 911 or the GB Humane Society at 352-2477 with information on these or any other cases of suspected animal cruelty. The assistance of the law abiding public is absolutely nec essary to putting an end to atrocities such as this, she said. The HSGB asks the public to urge government to at least enact the portion of the new Animal Protection and Control Act that provides more protection for animals, and stiffer penalties for those who abuse or neglect them. The new Act was passed by Parliament last summer, but has still not been enacted. When asked to explain the delay, the government depart ment responsible said the holdup was at the Attorney Generals Office. LOCAL NEWS THE TRIBUNE TUESDAY, JANUARY 25, 2011, PAGE 5 TO DISCUSS STORIES ON THIS PAGE LOG ON TO WWW.TRIBUNE242.COM By LAMECH JOHNSON AN art enthusiast is bringing something new and unique for Bahamians to enjoy on the weekends in downtown Nassau. Jonathan Murray, entrepreneur and tour guide of Downtown Art Tours, came up with and initiated the idea in December. The tour is designed to provide intimate, educational and interactive experiences focused on Bahamian art among the likes of murals, galleries and museums, Mr Murray said. I did start in December but wasnt expecting to as it was actually supposed to start early this year although I decided to take advantage of the Christmas holiday kind of time where people who are home from school or persons who might be interested in doing a tour just to see if people would buy into it, he said. And according to Mr Murray so far the turn-out has been okay. Not great. Not poor. It was a busy time but I got a few pri vate bookings off the tours that I did so that was definitely a positive and Ive seen an increase in numbers so its a good sign. Downtown art tours are currently available for private school students and will at some point also be offered to public schools. The Tribune was given a preview of what to expect on an art tour. The tour this paper sampled starts at the National Art Gallery of the Bahamas on West Hill Street, stopping at various venues like the DAguilar Art Foundation which has over 1,000 artworks on display valued at millions of dollars and other buildings in town where murals by Bahamian artists are displayed. Kishan Moores mural Lift up your head is located next to Da Balcony and depicts elements of Junkanoo, church and human experience. Chantal Bethel and Claudette Jean, both from Grand Bahama, share a mural on George Street called The Grand Bahamian Vision. It depicts unity among blacks and whites as well as the question of What is Bahamian? Both have had difficulties entering art competitions because of their status competitions are usually Bahamian only, though both these artists are married to Bahamians. Mr Murray said he hopes to one day be able to open the tour to tourists as well, but currently a lack of funds and other barriers prevent him from doing so. At this point Ive only done local tours because I dont have at the moment the capital to really be able to invest in the appropriate marketing to appeal to a massive audience. The tour takes place on Saturdays at 10.30am until 12.30 pm where lunch at a restaurant usually follows. More informa tion can be found on Facebook under the name DownTown Art Tours. The next event Spend Sunday Loving our Bahamas takes place next Sunday from 3-5pm. Animal cruelty cases shock GB Humane Society THIS very sick female was found lying next to a male dog who had been decapitated. I SH who was tied up to a sign, wounded and extremely emaciated T our puts spotlight on Bahamian art ART TOUR: Pictured is the work of Nassau artist Kishan Munroe.

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THE annual Horticultural Society of the Bahamas (HSBis taking off this year. Plant sale chairpersons Sarah Lobosky and Cindy Wilde said that the Hortic ultural Society of Abaco i s chartering a plane to attend the popular event, s et for Saturday, February 5, from 10am to 2pm at the Bahamas National Trust's headquarters on Village Road. We are used to people hiring trucks for the event, but hiring a plane is a bit u nusual, said Mrs L obosky. We are thrilled that the H SB plant sale is so popular and has such a great reputation for well grown, reasonable plants, added Mrs Wilde. HSB founding member Sara Parker said the sale will be a great time and p lace to pick up living V alentine gifts or take your curb appeal to a new h eight. M rs Parker is the host of a Bahamas Realty Now TV show. H SB president Dail P earce said the plant sale w ill offer: water plants, r oses, orchids, bromeliads, s ucculents, hedge plants, n ative trees, Palms from the BNT committee, avocados, sapodilla, custard apple and other fruit trees, vegetable seedlings andb edding plants. F or the first time, there w ill be a $5 and under table, she added. Past president Rosem ary Hanna said: Its a good chance to restock y our garden and prepare for spring fever and Easter. P lants will range in price from less than a dollar to m ore than $100 depending on size and rarity. HSB members grow the plants and label them for sale, with 10 per cent of the salep rice going to the HSB. Of special interest each year are hundreds, possi bly thousands, of dramatic b romeliads, tiny tillandsias or airplants to gigantic hybrids with a five-foot l ong leaf, the HSB said. Members also often d onate bare root plants to the sale for landscaping. N o plants will be sold b efore 10am on the day of the sale. HSB members m ust bring plants labelled with proper sales tags, b etween 2pm and 6pm on Friday, February 4. Founded by the late S ara Bardelmeier in 1984, the HSB conducts field t rips and participates in horticultural shows. Helping beautify the nation is one of the societys goals. T he HSB has more than 100 members, including all the garden clubs, top hor t iculturalists and Family Island growers. L OCAL NEWS P AGE 6, TUESDAY, JANUARY 25, 2011 THE TRIBUNE T O DISCUSS ST ORIES ON THIS PAGE LOG ON TO WWW.TRIBUNE242.COM L ocal HVAC Company in need of the following;Pipe-Fitters Sheetmetal Workers Insulators A/C Control Electricians HelpersQ XDOLFDWLRQV 0LQLPXP\HDUVH[SHULHQFHLQ+9$& LQVWDOODWLRQtGHYHORSPHQW .QRZOHGJHRISDQLVKODQJXDJH Please send complete resumes via email to: hvacbahamas@hotmail.comONLY BAHAMIANS AND SERIOUS ENQUIRIES NEED APPLY Annual plant sale taking off this year F OUR PRESIDENTS o f the Horticultural Society of the Bahamas show off examples of the exotic plants featureda t the annual HSB plant sale set for Saturday, February 5, a t the Bahamas National Trust Retreat Garden. Pictured left to right are: Rosemary Hanna, plant sale co-chairperson Cindy Wilde, current president Dail Pearce and plant sale co-chairperson Sarah Lobosky. MEXICO CITY Associated Press NEWLY RELEASEDdiplomatic cables indicate Mexico let U.S. agents question undocumented migrants held in Mexican detention centers as part of anti-terror efforts, despite the country's traditional sensitivity about national sovereignty. The latest round of WikiLeaks cables released over the weekend paint a picture of a nation extremely eager for U.S. aid in security matters, in the face of its own disorganized intelligence sector and threats from drug cartels. Those threats included a report that a crime gang plotted to bring down Pres ident Felipe Calderon's airplane with a grenade launcher, though no such attack ever took place. A May 2008 cable from the U.S. Embassy in Mexico expressed concern about Mexico being used as a "potential transit point for terrorists intending to launch attacks against the U.S." "On a positive note," the cable noted that Mexico's domestic intelligence agency "has allowed U.S. government officers to interview foreign nationals detained at Mexican immigration detention centers dispersed around the country for potential CT (counterterrorism information." Most people held at Mexican immigration facilities are undocumented Central American migrants, but the Americans were apparently worried that terrorists from other continents might be using established human smuggling routes and networks. A February 2010 cable said Calderon "is also concerned that organized criminal groups may try to establish contacts with terrorists." It said Homeland Security Secretary Janet Napolitano responded that "although we have not seen evidence to this effect, the potential is there." U.S. and Mexican officials have refused to comment on the specifics of leaked communications. In December, Mexico's federal security spokesman Alejandro Poire said "the contents of the cables, in many cases, reflect personal points of view, are inexact, or taken out of con text." Other cables display a grim assessment of Mexico's ability to fight drug cartels, saying the country has limited intelligencegathering capacity and quoting Calderon as saying politicians could be tempted to return to a tacit policy of tolerating the gangs. According to an April 2009 cable, a U.S. official asked him "if there was political momentum to go back to the old practice of looking the other way." "Calderon replied, 'There is a serious risk,'" the document said. "Certain sectors in the past made informal agreements with criminals in exchange for a degree of security, and they are arguing for that again." The same cable said Mexico is very grateful for U.S. aid. "Thanks to equipment the U.S. had provided, the govern ment had managed to thwart a planned assassination of a key politician in one state," it said, without identifying the politician. The 2010 cable also said Calderon requested U.S. help in clamping down on violence in Ciudad Juarez, where about 6,000 people have died in drugrelated killings in the last two years. REPORT: MEXICO LET US QUESTION DETAINED MIGRANTS

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LOCAL NEWS THE TRIBUNE TUESDAY, JANUARY 25, 2011, PAGE 7 TO DISCUSS STORIES ON THIS PAGE LOG ON TO WWW.TRIBUNE242.COM %2$7IRU$/('RQ]LZHHW Local HVAC Company in need of:Q UANTITY SURVEYOR & PROJECT SUPERVISORA pplicant must be able to oversee construction projects & organize labor and materials 0LQLPXP\HDUVH[SHULHQFHLQ+9$&LQVWDOODWLRQ development & materials $ELOLW\WRUHDGGUDZLQJVDQGNQRZOHGJHRI &RQVWUXFWLRQULFLQJ .QRZOHGJHRISDQLVKODQJXDJHP lease send complete resumes via email to: hvacbahamas@hotmail.comO NLY BAHAMIANS AND SERIOUS ENQUIRIES NEED APPLY STUDENTS of the Ohio State U niversity were recently treated to a true Bahamian experience as the College of the Bahamas (COB Ministry of Tourism and Aviation teamed up to host them during a brief trip to Nassau. Bernadette Bastian, manager of the P eople-to-People Unit in the Ministry o f Tourism, said the ministry facilitated the visit at the request of the COB. The occasion was a prime example of how the People-to-People Unit moves beyond individual hostings to i nclude groups of various kinds, she said. Traditionally, people associate the P eople-to-People programme with individuals being invited into the home of a Bahamian individual orf amily, she said. That is a very big part of what we d o, but there is room for much more. W e encourage group hosting for prof essional, social and other types of groups. Mr Valdez Russell and the faculty and staff of the College of theB ahamas have done a wonderful job of demonstrating this at the tertiarye ducation level. T he group of 30 students and facult y from the Ohio State University, w ho are known as Buckeyes, was treated to a church service and a B ahamian meal. Later, they were showered with gifts from COB. COBs generosity is so important o n so many levels, Ms Bastian said. They allowed our guests to have a deeper encounter of Bahamian culture, and more importantly, they t urned our visitors into our friends. Our experience is that our friends sustain business for us over many years,e ither returning to visit us again or r ecommending our islands as vacation destinations. Ms Bastian encouraged civic and p rofessional organisations to contact t he People-to-People Unit of the Ministry of Tourism and Aviation to e xplore ways in which they could extend group experiences to their affiliates. MEMORIALISING the man who is considered the driving force behind its establishment, the Endowment for the Performing Arts of the Bahamas made a $25,000 contribution to the Winston Saunders Memorial Endowment at the College of the Bahamas last week. The Winston Saunders Memorial Endowment supports the continued development of the arts. Bursary The endowment funds an annual bursary to a student enrolled in the baccalaureate English studies programme at COB who has displayed distinguished artistic endeavour. According to the chairman of the Endowment for the Performing Arts of the Bahamas, Emmanuel Mosko, it was an honour to memorialise the late Winston Saunders in this way. A former attorney and advocate for the development of literature and the arts in the Bahamas, Mr Saunders is widely regarded as a cultural and artistic icon. The College of the Bahamas, when announcing the establishment of the Winston Saunders Memorial Scholarship for English Studies majors, said that they have taken the decision to memorialise Mr Saunders in a way that honours the focus of his lifes work: education, language, literature and culture. The members of the board of trustees said they believe it is very fitting that they echo these senti ments, said Mr Mosko dur ing the press conference at Government House. In 2006, COB estab lished the Winston Saunders Memorial Endowment with an initial con tribution that has since grown to more than $50,000 through the gen erosity of donors and friends of the College, including JeRome Miller, an artist and former protg of Mr Saunders. COB said Mr Miller has been consistently raising funding for the Winston Saunders Endowment through the annual auctions of his new paintings. P assion By making this significant contribution to the Winston Saunders Memorial Endowment, the Endowment for the Per forming Arts is supporting the talents and passion of both current and future students with a vested commitment to the arts, the quest for infinite dis coveries and national development, said COB president Dr Betsy Boze. In essence, this is what the late Winston Saunders lived, and the legacy that he left through his deep involvement, connection and leadership in the arts and cultural communities. Todays gift honours that commitment. The $25,000 gift brings the total for the Winston Saunders Endowment fund to over $75,000. The interest earned from the funds in the endowment provides an annual bursary in per petuity for a student of the College. English major, Deon Simms, is the first beneficiary of the bursary. The Endowment for the Performing Arts has, over the years, awarded grants totalling over $60,000 annually, to assist qualified applicants, both individuals and groups, in their creative efforts. Currently under the patronage of wife of the Governor General, Lady Joan Foulkes, the organisation is now in full planning mode for its next fund-raiser Spring Into The Arts a gala luncheon at Old Fort Bay scheduled for Saturday, March 12. G AMBIER Primary School will be officially launching its activities for the third annual Literacy Fest with an exhibition at the Mall at Marathon this morning. Navigating the archipelago through literacy expressions is the topic of the showcase. School officials said the o bjective is to educate the parents and students about t he importance of literacy while helping them to develop a deeper appreciation for their country. We also hope that our students are motivated to aspire to be better readers and writers, the school said. The activities of the day will include an openingc eremony that is schedu led to start at 10am along with a career fair schedu led from 11.30 am to 1pm. During the opening ceremony, students will be e ntertained by guest a rtists and Bahamian authors. T he students will be exposed to meteorologists, health practitioners, envir onmentalists, bankers, chefs, police officers,D efence Force officers a nd others. R epresentatives of t hese professions will speak to the students and h elp them understand how literacy is applied on thej ob. EXHIBITION TO LAUNCH SCHOOLS ACTIVITIES FOR LITERACY FEST Ohio Buckeyes experience true Bahamian hospitality ABOVE: Faculty and students of the Ohio State University with representa tives of the College of the Bahamas and the People-to-People programme. R IGHT: P eople experience at COB. P ictured (from left Bastian and Rose Frazer of Ministry of Tourism and Aviation, Nancy K Lahmers of the Ohio State University, D r Remelda Moxey and Valdez Russ ell of College of the Bahamas and Bridgette Rahming of Ministry of T ourism and Aviation. $25,000 CONTRIBUTION TO WINSTON SAUNDERS MEMORIAL ENDOWMENT FROM LEFT: CHAIR of the School of English Studies Dr Marjorie Brooks-Jones; Deon Simms, English major and bursary recipient; Endow ment for the Performing Arts members Christiane Oakes, Terry North and Ruth Cleare; Dr Gail Saunders, widow of the late Winston Saunders; College president Dr Betsy Boze; Lady Joan Foulkes, patron of the Endowment for the Performing Arts; Emmanuel Mosko, chairman of the Endowment; Endowment members Antonius Roberts, Deborah Lotmore and Dawn Davies; JeRome Miller, artist, and Marina Knowles, mother of COB bursary recipient Deon Simms.

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L OCAL NEWS P AGE 8, TUESDAY, JANUARY 25, 2011 THE TRIBUNE T O DISCUSS ST ORIES ON THIS PAGE LOG ON TO WWW.TRIBUNE242.COM A TROUPEof entertainers has been a ssembled for the theatrical presentat ion of the Cacique Awards ceremony o n January 28. A fter a rigorous audition process, the s hows director selected eight dancers and singers to provide variety entertainment for the gala event. Members of the troupe range from fresh faces to veterans who have become familiar public figures as part of dance ensembles, singing groups, video a nd music recording teams. The selection of the performers is a critical component in the production of t he upscale awards, said Bonnie Rolle, t he coordinator of the event. In addition to finding out who wins the various award categories, our audiences are always looking forward to thee ntertainment offered at the Cacique, Ms Rolle said. We have become known for always s taging first class productions. The team that has been chosen is well-qualified t o ensure that we hit the mark again. T he ensemble of performers will form t he entertainment core of the awards s how. In addition, the show features s everal comedy sketches and specialty a cts. At the helm of the production is Ian Poitier, who returns as director of the show for the third consecutive time. Mr Poitier has in London theatre and in film. We have been able to put together a v ersatile cast, he said. There is a little of everything for an audience. We will feature strong dancers and singers. T here will also be a few surprises here a nd there. So, there is something for e veryone with discerning taste. The Cacique Awards will be held at the Rainforest Theatre, Wyndham Nas-s au Resort. The event is designed to honour the nations highest tourism achievers ing eneral public and hotel-specific cate gories. T HESE are the winners of the Rotary Club of East Nassaus Bed Race which raised more t han $9,000 for Rotarys Polio Plus programme on Saturday. The Bed Race involved 12 t eams of people pushing four-wheeled beds with a passenger onboard. The event started from the Bennigans parking lot at the Mall at Marathon. Entertainers step up for performance at the Cacique Awards AWARDSPERFORMANCE: The Cacique ensemble ROTARY BED RACE WINNERS R O T A R Y C L U B O F N E W P R O V I D E N C E W O N B E S T D E S I G N E D B E D R O T A R Y C L U B O F N A S S A U W O N M O S T O U T L A N D I S H B E D R O T A R Y C L U B O F N A S S A U S U N R I S E W O N T H E B R O K E N S P R I N G A W A R D W H I C H W A S L I T E R A L L Y A B R O K E N S P R I N G F R O M A B E D M A T T R E S S J O A N N E S M I T H P R E S I D E N T O F T H E R O T A R Y C L U B O F E A S T N A S S A U A N D B E D R A C E C O O R D I N A T O R A N D D R C A P U L I W H O G A V E A D O N A T I O N F R O M T H E F I L I P I N O C O M M U N I T Y W H I C H H A D A F O O D S T A L L A T T H E E V E N T T H E Y W A N T E D T O S U P P O R T R O T A R Y S E F F O R T T O F I G H T P O L I O I N R E C O G N I T I O N O F R O T A R Y S P O L I O I N I T I A T I V E S T A R T E D I N T H E I R C O U N T R Y R O T A R Y C L U B O F E A S T N A S S A U W E R E T H I R D F A S T E S T T E A M

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INTERNATIONAL NEWS PAGE 10, TUESDAY, JANUARY 25, 2011 THE TRIBUNE TO DISCUSS STORIES ON THIS PAGE LOG ON TO WWW.TRIBUNE242.COM IN SATURDAY TRIBUNE . PUZZLES, GAMES AND LOADS OF FUN IN YOUR FREE KID SCOOP N ATALIYA VASILYEVA, Associated Press MOSCOW T errorists struck again in the heart o f Russia, with a suicide bomber blowing himself up in Moscow's busiest airport and turning its international arrivals terminal into a smoky, bloods pattered hall of dismembered bodies, screaming survivors and aban doned suitcases. At least 35 people were killed, including two British trave lers. N o one claimed responsibility for the blast at Domodedovo Airport on Monday that also wounded 180 peo ple, although Islamic militants in the s outhern Russian region of Chechnya h ave been blamed for previous attacks i n Moscow, including a double suicide bombing on the capital's subway syst em in March 2010 that resulted in 40 d eaths. The Interfax news agency said the head of the suspected bomber had been found. President Dmitry Medvedev called it a terrorist attack and immediatelyt ightened security at Moscow's two other commercial airports and other key transportation facilities. It was the second time in seven years that Domodedovo was involved in a t errorist attack: In 2004, two female suicide bombers penetrated the lax security there, illegally bought tickets from airport personnel and boardedp lanes that exploded in flight and k illed 90 people. Medvedev canceled p lans to travel Tuesday to the World Economic Forum in Davos, Switzerland, where he was aiming to promote Russia as a profitable investment haven to world business leaders. P rime Minister Vladimir Putin o rdered the health minister to send her deputies to hospitals to make sure the injured were getting the medical care they needed. Russians still look to the tough-talking Putin as the leader they trust to guarantee their security, and Monday's a ttack was likely to strengthen the position of the security forces that form part of his base. Large-scale battles in Chechnya ended years ago, following two devast ating wars that Russia waged with the r epublic's separatists, but Islamic mil itants have continued to carry out sui cide bombings and other attacks. Most have been in Chechnya and other predominantly Muslim provinces in the southern Caucasus region, but s ome have targeted Moscow, including i ts subways, trains and even a theater. In Washington, President Barack Obama condemned the "outrageous act of terrorism" and offered any assis tance. Those comments were echoed by British Prime Minister David C ameron, who spoke with Medvedev a nd assured him of his complete support. Monday's attack was most likely c arried out by a suicide bomber and attempts were being made to identify him," Investigative Committee spokesman Vladimir Markin said, adding that the attacker appeared to have been wearing the explosives on a belt. T he blast came at 4:32 p.m., when hundreds of passengers and workers were in a loosely guarded part of the terminal. They were sprayed with shrapnel of screws and ball bearings, intended to cause as many casualties as p ossible. Smoke T he terminal filled with thick smoke a s witnesses described a scene of hor ror. "There was lots of blood, severed legs flying around," said Yelena Zats erkovnaya, a Lufthansa official. A irport workers turned baggage carts into makeshift stretchers to wheel the wounded to ambulances outside, she said. Amateur video showed a pile of bodies on the floor, with other dead scattered around. L uggage also was strewn around the terminal and several small fires burned. A dazed man in a suit pushed a baggage cart through the haze. Driver Artyom Zhilenkov said he was standing just a few yards (meters a way from a man who may have been the suicide bomber. He saw an explosion on or near the m an, whose suitcase was on fire. Z hilenkov said he initially thought he himself had been injured, but doctors said he was just coated in the blood of others. "The guy standing next to me was t orn to pieces," he said. C ar rental agent Alexei Spiridonov, 25, was at his desk when the blast struck about 100 yards (meters and "threw me against the wall," he said. "People were panicking, rushing out of the hall or looking for their relat ives. There were people just lying in blood," Spiridonov said. Sergei Lavochkin, who was waiting for a friend to arrive from Cuba, told Rossiya 24 television: "I heard a loud b ang, saw plastic panels falling down f rom the ceiling and heard people screaming. Then people started run ning away." The Emergencies Ministry said 35 people were killed, 86 hospitalized with injuries and 94 were given med i cal treatment. Among the dead were t wo British travelers, Markin said. Domodedovo was briefly closed to air traffic immediately after the blast, but soon reopened. Hours later, passengers arriving for their flights lined up outside waiting to p ass through metal detectors that had b een installed at the entrances. Aviation security experts have been warning since the Sept. 11, 2001, a ttacks in the U.S. that the crowds at m any airports present tempting targ ets to suicide bombers. Arrivals halls are usually open to anyone. "Airports are by their nature crowded places, with meeters, greeters, commercial businesses, and so on," saidP hilip Baum, the editor of Aviation S ecurity International, a London-based publication. The attack also called into question Russia's ability to safely host major international events like the 2014 Winter Olympics in Sochi and the 2018 World Cup. F IFA President Sepp Blatter was in St. Petersburg over the weekend to formally award Russia the 2018 World Cup. Prior to the signing, Blatter told P utin that he was certain FIFA had m ade the right choice. Built in 1964, Domodedovo is locat ed 26 miles (42 kilometers of Moscow and is the largest of the three major airports that serve the capital, handling more than 22 million p eople last year. It is generally regard e d as Moscow's most modern airport, but its security has been called into question. The airport insists security is one of its top priorities, saying on its website that its "cutting-edge operations techn ology guarantees the safety of pass engers' and guests' lives." It says 77 airlines offer regular flights to Domodedovo, serving 241 internat ional and national routes. Bombing at Moscow airport described as terrorist attack (AP Photo/Alexander Zemlianichenko HELPINGHANDS: A wounded blast victim is brought by a rescuer to a hospital from Domodedovo airport in Moscow, Monday, Jan. 24, 2011. (AP Photo/Ivan Sekretarev RESCUEOPERATION: A wounded blast victim is moved on a stretcher at Domodedovo airport in Moscow, Monday, Jan. 24, 2011. At least 35 people killed and 180 wounded

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PHOENIX Associated Press T HEsuspect in the shooting of Rep. Gabrielle Giffords smiled and nodded but didn'ts peak as he appeared in court Monday and his lawyer provided the 22-year-old's first response to the charges: ap lea of not guilty. I n the two weeks since the deadly attack that killed six outside a Tucson grocerys tore, Jared Loughner's hair shaved in the mug shot that's become an enduring image of the tragedy hasg rown out slightly. The Tuc son resident wore an orange prison jumpsuit and glasses, and his wrists were cuffed to a chain around his waist as eight U.S. marshals kept watch in the packed Phoenix courtroom and gallery above. Loughner faces federal charges of trying to assassi nate Giffords and kill two of her aides. More charges are expected. Investigators have said Loughner was mentally dis turbed and acting increasing ly erratic in the weeks leading up to the attack on Jan. 8 that wounded 13. If Loughner's attorney uses mental competency questions as a defense and is successful, Loughner could be sent to a mental health facility instead of being sentenced to prison or death. But his attorney, Judy Clarke, said she wasn't raising issues of competency "at this time" after U.S. District Judge Larry Burns of San Diego asked whether there was any question about her client's ability to understand the case against him. Giffords was shot in the forehead and spent two weeks in a Tucson hospital before she was flown to Memorial Hermann Texas Medical Center Hospital on Friday. Shortly after her arrival, doctors said she had been given a tube to drain a buildup of brain fluid that has kept her in intensive care. Hospital spokesman James Campbell said Monday the next update on the Democ ratic congresswoman's con dition would come when they are ready to move Giffords to the rehab hospital. Loughner will likely face state charges in the attack, and also federal murder charges listed in an earlier criminal complaint for the deaths of Giffords aide Gabe Zimmerman and U.S. District Judge John Roll. Those are potential death penalty charges, which require a more painstaking process under Justice Department rules. Prosecutor Wallace Kleindienst estimated that he would know within the next 30 days whether additional federal charges would be filed against Loughner. Kleindienst said prosecutors provided defense lawyers with records taken from Loughner's computer and documents of about 250 inter views made in the case. The judge did not rule on prosecutors' request to move the federal case back to Tuc son so that victims and wit nesses do not have to make the four-hour round trip drive to Phoenix to attend court hearings. The case was moved because one of those killed, Roll, was a federal judge. Clarke said she didn't oppose the request at this time, but questioned where Loughner would be jailed in Tucson if the case were moved. Clarke has not responded to requests seeking comment. She is one of the top lawyers in the country for defendants facing prominent death penal ty cases, having represented clients such "Unabomber" Ted Kaczynski and Olympic bomber Eric Rudolph. She has a reputation for working out plea deals that spare defendants the death penalty, as was the case for Rudolph and Kaczynski. The judge set a March 9 hearing to consider motions in Loughner's case. INTERNATIONAL NEWS THE TRIBUNE TUESDAY, JANUARY 25, 2011, PAGE 11 TO DISCUSS STORIES ON THIS PAGE LOG ON TO WWW.TRIBUNE242.COM UNDER POLICE ESCORT, U.S. Marshals leave in a van, back, with Jared Loughner, the man accused of carrying out a mass shooting in Tucson, who pleaded "not guilty" in a court arraignment hearing on federal charges against him at Sandra Day O'Connor United States Courthouse Monday in Phoenix. (AP IN THIS ARTIST RENDERING J ared Lee Loughner, right, m akes a court appearance with his lawyer, Judy Clarke, at the Sandra Day O'Connor United States Courthouse in Phoenix, Ariz., Monday. (AP Suspect in the Arizona shooting case gives a plea of not guilty

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SAINT-MARC, Haiti Associated Press THE CHOLERA epidemic that has raged across this country is claiming fewer victims, with a sharp drop in new cases everywhere from the shimmering rice fields of the Artibonite Valley to the crowded urban slums. It is a welcome development, but tinged with doubt: It's not yet known whether the epidemic that has killed nearly 4,000 people is fading or merely taking a break, only to surge again perhaps with the onset of the next rainy season. "The general situation is improving. It's clear," Stefano Zannini, chief of mission for the aid group Doctors Without Borders, said Sunday. "The problem is that the possible development of the epidemic is unpredictable. It is impossible to say whether the situation will continue stabilizing." Any progress on controlling the disease would be a rare bit of good news for Haiti, which is passing through a particularly gloomy period. The country is on edge amid a political crisis over a disputed presidential election, and could see more of the violent protests that paralyzed cities and hampered cholera treatment in December. Meanwhile hundreds of thousands are still homeless from last year's earthquake, and a much-reviled former dictator suddenly returned and took up residence in the past week. Zannini, whose group is con templating scaling back its more than 40 cholera treatment centers, was unable to muster even cautious optimism regarding the disease. The best he could say was that he was happy new cases and deaths are d ecreasing to levels not seen since soon after the disease emerged in October. "I would not be optimistic," he said in an interview with The Associated Press at his Portau-Prince office. For the moment, at least, the statistics are moving in the rightd irection. The number of new cases has dropped to about 4,700 per week, down from more than 12,000 per week in November, and the trend is downward in all 10 of Haiti's departments, or regions, according to the Health Ministry's latest bulletin, releasedT hursday. The only places it appears to be still rising are in a few isolated spots in the north west and south. Behind the drop is a massive emergency public health campaign in response to the outbreak. A new network of cholera centers staffed by Haitian doctors and nurses, NGOs and international volunteers has made it easier for victims to get oral and intraveneous rehydration treatment, saving thousands of lives. There have also been extensive efforts to ensure access to clean water, as well as public public health campaigns to teach people how to avoid cholera. Finally the dry condi tions of recent weeks have slowed the spread of the bacteria. Health statistics in Haiti are unreliable, so it's hard to get a precise picture of the situation. World Health Organization spokeswoman Nyka Alexander noted that it's hard to know what is happening in remote regions where many have little or no access to health care. Some 40 patients a day are still coming to the Doctors Without Borders treatment center in Saint Marc, where the disease first exploded, but that's a third of what it was in December and there hasn't been a death in six weeks, said field coordinator Oscar Sanchez Rey. "Is this is the end? Nobody really knows, but the situation is better," Sanchez said as he took a break from treating patients, including a family of six that all came down with the disease together. He cautioned that even though fewer people are getting sick, the center's work is still critical: "If no one is treating patients, they are going to die, because it's a lethal disease." Lilane Estime, 42, tried to sleep on a wooden bench as doctors attended to three of her children. She said all four had piled onto a motorcycle taxi and traveled an hour along a dusty coastal road to reach the clinic. Seemingly healthy, she said she could feel cholera inside her, though she hadn't gotten sick yet. "If there's a disease going around killing people, you're going to be scared," Estime said. In Cite Soleil, the dense slum at the northern edge of Portau-Prince, the number of new cases is now about 15 per week, down from a high of 700, and there are similar reports from nearby neighborhoods. In the hard-hit Artibonite Valley, the weekly new caseload is about 700, compared with more than 4,800 in November. "We don't want to say, 'OK, cholera is finished,' because it's not," said Cinta Pluma, a spokeswoman for the aid group Oxfam. "But it does seem to be going down." Caused by a bacteria that spreads through contaminated water, the disease so far has sickened more than 194,000 people and killed about 3,890 nationwide. It can lead to a rapid, painful death through complete dehydration, but is easily treatable if caught in time. In December, U.N. Secretary General Ban Ki-Moon warned the outbreak could affect as many as 650,000 people over six months, but that seems less likely now. The Pan-American Health Organization still projects cholera will sicken about 400,000 people over a year. The U.N. Food and Agriculture Organization warned in December that cholera would also worsen hunger in the impoverished nation. Surveys showed workers in the Artibonite, Haiti's main agriculture zone, were afraid to wade into rice fields and the public was shunning the region's produce, causing steep price drops in the local street markets. Jackson Dorgil, an FAO agricultural technician in the area, said prices for staple crops such as onions, tomatoes and melons plummeted and much couldn't be sold at all. But that too seems to have improved. At the region's main market in Pont-Sonde on Saturday, prices and sales were back to normal, with hundreds of women selling produce, fish and other products in neat little pyramids spread over burlap sacks. "Life is starting to be normal again," Dorgil said during a tour of the region. Rice fields there were filled with barefoot workers up to their ankles in muddy water believed to be contaminated with the cholera bacteria, planting the crop under a blistering sun. Most earn about $2.50 for a six-hour workday. Fresnel Louis, the president of a worker's association in the area, said radio commentators were warning people not to go into the water at the start of the outbreak, but there were few options. "If you tell people in the Artibonite not to touch the water, you are telling them not to work because that's what we have here," Louis said. I NTERNATIONAL NEWS P AGE 12, TUESDAY, JANUARY 25, 2011 THE TRIBUNE T O DISCUSS ST ORIES ON THIS PAGE LOG ON TO WWW.TRIBUNE242.COM Cholera takes a breather in Haiti, but could surge A FARMER cleans a rice field covered in muddy water believed to be contaminated by the cholera bacteria in Saint-Marc, Haiti, Saturday. The cholera epidemic that killed nearly 4,000 people, is claiming fewer victims, with a sharp drop in new cases everywhere from the Artibonite Valley to the crowded urban slums. (AP

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SECTIONB business@tribunemedia.net TUESDAY, JANUARY 25, 2011 THETRIBUNE $4. 68 $4. 51 $4. 69The information contained is from a third party and The Tribune can not be held responsible for errors and/or omission from the daily report.$ $4.70 $4.72 $4.61 By NEIL HARTNELL Tribune Business Editor Cable Bahamas yesterday questioned whether the likely extension to the BahamasT elecommunications Companys (BTC oly is being effected in accor dance with the Communications Sector Policy, the BISXlisted company urging regulators to at least permit some early competition in this segment by providing for mobile virtual networks (MVNOs CABLE QUESTIONING CELLULAR EX CL USIVIT Y POLICY C OMPLIAN CE Asks if BTCs monopoly extension from two to three years coming from URCA proposal, as required for changes to sector policy* Urges that rivals be allowed to offer competing services via BTCs network, so triple play can be provided* URCA urged to stop stall and have number portability working by end-2011 SEE page 6B By NEIL HARTNELL Tribune Business Editor The Bahamas Telecommunications Company (BTC excessively high licence fees levied on Bahamian telecoms industry operators, describing a Communications Licence Fee equivalent to 3 per cent of annual turnover as onerous, given that it cannot be paid in installments. Responding yesterday to the Utilities Regulation and Competition Authoritys (URCA strategy and 2011 annual plan, BTC BLASTS EX CESSIVE FEES FACED Describes licence fee equivalent to 3% of turnover as onerous, and calls for payment installments* Objects to subsidising URCA s regulation of other sectors Claims it is over-regulated SEE page 6B By NEIL HARTNELL Tribune Business Editor The $63 million one-off tax payment received from the sale of an 80 per cent stakein the Bahamas Oil Refining Company (BORCO be allowed to mask the Gov ernments core fiscal issues, the minister of state for finance last night telling Tribune Business it had no delusions about the effects O DELUSIONS ON ONE-OFF $63M BORCO WINDFALL SEE page 6B ZHIVARGO LAING By NEIL HARTNELL Tribune Business Editor A leading Bahamian accountant yesterday said he had seen a 10 per cent increase in fraud-related assignments and investiga tions he had been asked to undertake since the recession hit, with various forms of fraud purchasing, inventory and financial statements all on the rise. Speaking at the launch of the Association of Certified Fraud Examiners (ACFE ACFE MEMBERS and Winston Rolle. Accountant in 10% fraud work growth SEE page 4B Bahamian economy possibly losing up to $500m annually By ALISON LOWE B usiness Reporter alowe@tribunemedia.net A Bahamian accountant yesterday suggested that private hospitals and medical clinics may have been incorr ectly required to pay Business Licence fees, amounting to hundreds of thousands of dollars, for decades. Theofanis Cochinamogulos, managing partner of C ochinamogulos and Co, a chartered accountancy and management consultancy firm, told Tribune Business y esterday that it was his belief, in consultation with attorneys, that private medical clinics and Doctors Hospital may be wise to consider the possibility of recovery oft he Business License fees paid under the old Act given its wording. We have received legal advice which would indicate there is a good case which could be made for recovery, said Mr Cochinamogulos. S ub-section (1c License Act 1980 (replaced this year by the Business License Act 2010, which came into force on January 1, 2011), states: Notwithstanding anything to contrary in section (4 medical clinic or hospital carried on within the Bahamas approved for the purpose by the Minister. Medical facilities may have case for Business Licence recovery S EE page 4B By ALISON LOWE Business Reporter a lowe@tribunemedia.net T he Bahamas Electricity C orporation (BEC expected to generate a net p rofit in the $8 million to $10 million range in its 2011 financial year, TribuneB usiness was told yesterday, as its chairman waits to see whether auditors confirm it t urned a small profit for the first time in five years in 2 010, Michael Moss said the C orporation is seeing a major turnaround financially, which will allow thep ublic to feel more comfortable with the status of the state-owned power producer. Meanwhile, Mr Moss said t hat while there is an element of risk that BEC customers will see price hikes as a result of climbing oil prices this year, that risk isn ot severe and may be offset by gains in electricity generation efficiency thisy ear thanks the Corporations improved financial p osition. T he chairman noted that having been placed in a posit ion where it had to pay suppliers in advance for materials, after its financial posi-t ion took a nose dive from a loss of just under $3 million in the 2005-2006 fiscal year t o a $32 million hole in 2009, it was very positive that o ne supplier has now removed that requirement a nd the Corporation is looking forward to others following suit. A s for what this will eventually mean for the customer, Mr Moss said: It will mean there will be improvements in our maintenancec apability, because we can get materials on a more timely basis and be able to execute works more swiftly, rather than delaying andd eferring as we have been thus far. Putting the business on a sounder footinga lso gives us more of an opportunity and capacity to m ake the kind of capital i nvestments to make sure we can provide a reliable s ervice to our customers. It creates a whole new refreshing picture that wea re finally restoring the organisation to a semblance of fiscal prudence going forw ard. Ultimately, Mr Moss said h e hopes an ongoing upturn in BECs financial status will a llow it to go to the international market to borrow money on our owns trength, as opposed to requiring guarantees from the Government, although improving lenders confidence make take some time. I n October, Mr Moss had suggested that BEC may reduce its losses in 2010 to $5 million to $10 million, BEC targets profits in $8-$10m range SEE page 4B

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DANIEL WAGNER, AP Business Writer W ASHINGTON I ndustry economists say the U.S. economic recovery is gain i ng strength, with more firms expressing positive hiring plans than in over a decade. A new survey from the National Association for Busin ess Economics finds that econ omists are more hopeful abouto verall economic growth, the job market and demand for c ompanies' products and services by many measures than they have been since the start o f the Great Recession. The survey found that busi ness decisions are now "being driven by the fundamentals of an improving economy," said Shawn DuBravac, an economist w ith the Consumer Electronics Association who analyzed the f indings. The quarterly survey includes t he views of 84 economists for private companies and trade groups who are NABE members. The data are reported by broad industry group. Many r esults are expressed as Net Rising Index, or NRI the p ercentage of panelists report ing better outlooks minus the p ercentage whose outlook is bleaker. The number of economists who saw hiring by their firms increasing over the next six months was 42 percent, compared with 7 percent who expected to lay off workers. The NRI of 35 was the highest in the 12 years that the question has been asked. BUSINESS THE TRIBUNE TUESDAY, JANUARY 25, 2011, PAGE 3B TO DISCUSS STORIES ON THIS PAGE LOG ON TO WWW.TRIBUNE242.COM Have you heard the good news? You CAN save money!If you need a lower premium,low deductibles,generous benefits and a fast claims service,pick up the phone and ask NIBA for a great insurance deal.Its time to pay less for insuring your car! Tel.677-6422 or visit www.nibaquote.com NASSAU INSURANCE BROKERS AND AGENTS LIMITED Atlantic House,2nd Terrace & Collins Avenue P.O.Box N-7764 Nassau Tel.677-6422 www.nibaquote.com Open Saturdays10.00am2.00pm 6W$OEDQV'ULYH %HDXWLIXOVSDFLRXVVWXGLRDSDUWPHQW )XOO\IXUQLVKHG SOXVHOHFWULFLW\ PRQWKVPLQLPXPVWD\ 7 JEANNINE AVERSA, AP Economics Writer WASHINGTON Few expect any major shifts when the Federal Reserve's policymaking panel meets this week, even though two of its new voting members have been skeptics of the Fed's $600 billion Treasury bond purchase plan. That could all change by spring, when the Fed must decide whether to extend its bond purchases. Any push to renew the program beyond its scheduled June 30 end date would likely face stiffer resistance within the Fed. The Treasury bond purchases are intended to aid the economy by lowering interest rates, encouraging spending and raising stock prices. But some, like the two new Fed voting members, warn that the bond purchases could eventually ignite inflation by keeping rates too low for too long. The Fed's first meeting of the year will occur Tuesday and Wednesday, after which it will issue a policy statement. Among four regional Fed bank presidents who will rotate onto the policymaking group are two who have spoken out against the Treasury bond plan: Charles Plosser of the Federal Reserve Bank of Philadelphia and Richard Fisher of the Federal Reserve Bank of Dallas. Plosser and Fisher would likely oppose any effort to extend the program. They may even pressure Chairman Ben Bernanke to scale back the program before June. The Fed's mid-March or late-April meetings will likely be pivotal. That's when the Fed will probably signal its decision about the bond-buying program. The bond purchases, besides inciting concerns from some Fed officials, have drawn criticism from Republican lawmakers and from China, Brazil, Germany and other key trading partners. When they were previously voting members, during the 2008 financial crisis, Fisher and Plosser opposed Bernanke's deep interest rate cuts. Fisher dissented at five of the Fed's 10 meet ings that year, Plosser at two. Both could also dissent from the Fed's likely decisions this year to continue holding its key interest rate at a record low near zero. Most economists don't think the Fed will start boosting rates until next year. But Fisher and Plosser may try to prod the Fed to raise rates sooner. At this week's meeting, the Fed is all but certain to maintain the pace of its bond-buying program, and hold interest rates at ultra-low levels. While Bernanke has said the economy is strengthening, he and other officials have also cited economic threats that they say justify continued bond purchases. More foreclosed homes could depress home prices, for example. State and local governments around the country are facing budget crises and may further cut spending and staff levels. Europe's debt problems could roil Wall Street, dragging down stock prices. Combined, those possibilities could cause Amer icans to spend more cautiously, slowing the economy. "The Fed is going to proceed cautiously," said Alice Rivlin, who served as the Fed's No. 2 official in the late 1990s. "They are looking for a stronger recovery, but they can't predict exactly how it will play out." Fisher and Plosser probably won't dissent at this week's meeting. But they're likely to break from Bernanke in the spring. The economy is expected to be growing faster by then, and inflation could be running a bit higher. Still, unemployment, now at 9.4 percent, is expected to remain elevated. Fisher and Plosser are considered inflation "hawks" more concerned about the threat of high inflation than about the need to stimulate the economy. They're less inclined to back low interest rates and other steps that might ease high unemployment if the risk of fanning inflation seems too high. US hiring plans top layoffs by most in twelve years Ber nanke bond plan faces more skeptics within Fed By ALISON LOWE Business Reporter alowe@tribunemedia.net A new laymans manual on the implications of the Economic Partnership Agreement (EPA i ndustry has suggested the trade deal will not have the beneficial effect which was hoped for in the area of import duty reductions, as 75 per cent of all goods commonly imported by the industry will seen o tariff reductions. The document, produced by the Caribbean Council, a London-based international consultancy organisation focused o n Caribbean development, was released earlier this month and presented to tourism stakeholders at the Caribbean Marketplace 2011, held in Montego Bay, last week. Entitled Taking advantage of the Econ omic Partnership Agreement: A manual for the Caribbean tourism sector the document discusses the offers made in regard tob oth goods and services sold in the Caribbean, and the opportunities and chal-l enges the EPA presents for the regions top industry. The manual concludes that t he EPA offers significant opportunities to the Caribbean tourism industry over the next decade, and it is vital that the industry takes full advantage of the commitments made by the EU. O pportunities include the possibility of duty reductions in some areas, training,t echnical assistance and capacity building support, opportunities for Caribbean t ourism companies to operate more easily in the EU, protection against anti-competitive practices by EU companies operating in the Caribbean tourism sector, and new market entrants from Europe bringing s ervices that will benefit the tourism indus try. I t also warns that the EPA will cause new competitive threats to the industry, primarily relating to European hotel and other tourism providers being allowed to provide new services in the Caribbean. S uch potential threats, however, are carefully regulated by the agreement with measures of protection included in the EPA laid out in them anual itself. Responding to the manuals position on the protection of i mport duties on many goods demanded by the tourism sector, Bahamas Hotel Association president,S tuart Bowe, yesterday suggested the agreements overall impact in this regard will be a positive one. H e told Tribune Business that while duties will remain for some categories, the market will become liberalised for many, particularly for major equipment purchases. This will ultimately result in less expensive prices for many goods for Bahamian businesses, Mr Bowe said. M eanwhile, he added that the region and the Bahamas did well in looking out fort he core interests of allied members of the tourism industry, such as tour operators a nd publishers, by ensuring their service sectors were not subject to full liberalisation, and therefore the threat of foreign ownership by large, global EU-based companies. T he manual notes that under the EPA, only around 10 per cent of all import dutiesw ere excluded altogether from any longterm duty reductions due to governments d esire to protect indigenous industries or revenue streams. Within this 10 per cent exists a very substantial proportion of the products the industry currently imports, particularly in t he area of foodstuffs. As such, the EPA will not have the bene ficial effect which was hoped for in terms of dramatically reducing the import costs of the day-to-day requirements of hoteliers and other tourism providers, said the document. It adds that there are examples of m ore high cost but less regularly imported products which were subject in the past to prohibitively high import duties, like televisions, which will see duty reductions. However, such items were often subject t o duty waivers for the hotel and tourism industry already in many cases, the manual notes. Mr Bowe and BHA executive vice-presi dent, Frank Comito, attended a workshop during the Caribbean Marketplace 2011 in which the new manual was discussed and, in a statement issued to Tribune Business yesterday, Mr Bowe said the BHA, in con-j unction with the Caribbean Hotel and Tourism Association, is committed to finding ways to assist the Bahamas tourism sector in taking advantage of the EPA o pportunities. Such efforts will involve sharing with its members, both hotels and other tourism operators, information about how they themselves can seek assistance through theE PAs provisions towards becoming more competitive, said Mr Bowe. He noted that the manual itself states t hat immediate opportunities in this regard exist in the form of an array oft echnical assistance available to Caribbean tourism operators in areas including: envir onmental management; energy efficiency; developing new Internet marketing strategies; language training exchange programs; promoting eco and sustainable tourism programs; and information tech-n ology support. The handbook provides a layman's o verview of the EPA, aimed at assisting tourism stakeholders in understanding w here opportunities will exist for the exchange of goods and services, and where technical assistance will be available to assist the sector. We welcome this tool and will be working with CHTA on finding w ays to assist the Bahamas tourism sector in taking advantage of the EPA opportun ities, said Mr Bowe. He added that over the coming months national hotel associations in the region will explore with CHTA these various opportunities for assistance and, through C HTA, will seek funding support from the EU via the EPA. Tourisms concern on missed EPA duty falls But Bahamian hotels see positive impact from EU trade deal B y NEIL HARTNELL Tribune Business Editor Leading Bahamian telecommunications companies have expressed extreme disappointment with the sector regulators budget for 2011, one describing the 9.3 per cent or $449,637 increase in its budgeted overhead as inappropriate in an eco-n omic downturn. Paul Hutton-Ashkenny, president of Systems Resource Group (SRG r esponse to the Utilities Regulation & Competition Authoritys (URCA t o exercise fiscal restraint and set its 2011 budget to match that of 2010. At a time of economic downturn, when businesses are faced with taking aggressive steps to contain and cut their overhead, SRG is concerned that URCA proposes to engage in quite the opposite b y instead substantially increasing its overhead in 2011, Mr Hutton-Ashkenny said. With the greatest respect, SRG believes that in the current economic climate URCAs proposed increase in budgeted overhead of 9.3 per cent over 2010, representing an additional $449,637, is i nappropriate. Like private companies in the sector that it regulates, URCA must be prepared to be seen to be acting in a fiscally responsible manner and avoiding becoming bloated with excessive costs, sim-p ly because it is able to demand additional funds from sector operators to pay for its excess. The Bahamas Telecommunications Company (BTC while, said it was extremely disappointed with URCAs budget, w hich had grown by $500,000. It pointed out that fee and licence revenues generated by the communications sector had fallen in 2008, in comparison to 2007, although they rose by 3 per cent in 2009. This, BTC said, showed a levelling off, although licensees were attacked by the excess ive licence fees imposed by URCA, which URCA continues to i gnore, to justify as the rationale for the percentages imposed on licensees. BTC added that staff costs had increased year-over-year by $300,000 compared to 2010, despite only two extra employees b eing added, while the salaries for the two posts URCAs chief e xecutive and director of policy and regulation was one-and-ahalf times the regulators training budget. Some $291,000 had been allocated to training and conferences, BTC said, a $47,000 increase compared to 2010, with the former fig ure accounting for 5.5 per cent of URCAs $5.3 million total oper-a ting expenditure. BTC hinted that this did not square with U RCAs stated training goals. Cable Bahamas, too, expressed concern, adding that URCA had added another $214,440 to costs associated with its head office relocation on top of the $1 million allocated for this. I t also called on URCA to justify the $5.9 million that was t ransferred from it to the Government, and asked how this would impact the regulators activities and licence activities. URCAs 9.3% overhead increase inappropriate OVERSEAS NEWS STUART BOWE

PAGE 14

Bahamas Chapter, just the second of its kind in the C aribbean, Kendrick C hristie, partner at Grant T hornton (Bahamas that with fraudsters increasingly finding new ways to steal inventory and other assets, the organisation would play a key role in educating Bahamian con s umers and businesses on w hat these methods were and how they could combat it. This organisation can find out whats going on in the Bahamas and bring it to l ight to the regulators and companies, Mr Christie e xplained, assisting the latter with revamping internal con t rols, deterrent methods and technology. Emphasising just how crit i cal it was to educate B ahamians on detecting and preventing fraud, MrC hristie recalled how he recently had to persuade someone not to comply with a phishing e-mail, which alleged that the sender was stuck in London without cash and needed to be sent $5,000 to enable them to return home. I had to convince someone not to send the money, Mr Christie said, adding that he sent the person in question to the ACFE website to read details about the scam for themselves. I think this organisation [the ACFE Bahamas Chapter], its really historic. It can make inroads in educating consumers, companies, nonprofit organisations and individuals as well, he added. The threat of detection is actually one of the things employees are most afraid of. With 7 per cent of revenue the global Rule of thumb for estimating how much of their annual turnover businesses lost to fraud per annum, translated into the Bahamian con text of a $7 billion annual gross domestic product (GDP cost this nation $490 millionalmost $500 million every year. William Walkine, a certi fied public accountant and ACFE Bahamas Chapter member, described that sum as a horrendous number. The Royal Bahamas Police Force yesterday said that in 2010 some 330 persons were arrested for a variety of fraud offences, with 204 charged before the courts on 290 matters. Among the alleged offences were advance feetype frauds; persons offering home and land packages that did not exist; persons collecting thousands of dol lars in advance for vehicles they did not deliver; employee theft and embezzlement; stealing by reason of service; and Immigration scams. Ed Rahming, managing director of KRyS Global ( Bahamas) and president of the ACFE Bahamas Chap ter, said: One of the things Ive seen is purchasing fraud, where a local of foreign vendor, works with someone in the organisation to double the price, then pays a kickback to the staff member involved. Its becoming very popular and very hard to detect, unless you know what the price should be or have someone checking over the shoulder. And Mr Christie added: Inventory theft is a big one in the Bahamas. I know a gentleman operating a fish factory who is literally under siege. Hes put in all sorts of controls and cameras, but the employees are finding creative ways to get around them, hiding inventory in their clothing. Inventory theft is a big one, but one often missed is financial statement fraud. Ive already seen cases of persons under pressure to produce results manipulating the statements, manipulating the numbers. Part of the ACFE Bahamas Chapters education mission, he added, was to educate companies and investors on unusual numbers, things that dont make sense in financial statements as a way to combat financial statement fraud. Mr Rahming described financial statement fraud as a big thing in the US and UK. He added that the motivation to manipulate a firms financial performance upwards came from the need to meet stock market and analyst expectations; increase its purchase price if subject to a takeover; and, f or the individual, to meet targets so they could earn a bonus or access stock options. Companies might also manipulate numbers downwards to reduce, for example, their tax burden. Financial statement fraud is the biggest threat in the US and UK, and something we need to educate persons here in the business community about, taking them through some of the incidents weve found, of people manipulating the numbers to get a higher bonus, Mr Rahming said. Its not so much connected to the stock market here, because its very unsophisticated, but more for financial gain. Mr Walkine said that meeting financial ratios and covenants stipulated by lenders, such as the bank, was another motivation for Bahamian companies to fiddle the books. Mr Christie said that based on his experience, he had seen a 10 per cent increase in fraud assignments since the recession struck. Im not sure theres been a significant pick-up in fraud, but Ive seen organisations, even the Government, which in the past would have swept it under the rug and worked it out, bringing in professionals, he said. The Grant Thornton (Bahamas added that that Bahamian CFEs could work hand in glove with the police on fraud investigations, adding that banks, too, were more willing to call people in from the outside to conduct fraud and forensic accounting investigations. BUSINESS PAGE 4B, TUESDAY, JANUARY 25, 2011 THE TRIBUNE TO DISCUSS STORIES ON THIS PAGE LOG ON TO WWW.TRIBUNE242.COM & RPIRUWDEOHRRPVDW&RPIRUWDEOHDWHV5RRPVIURPMXVWSHUQLJKW SOXVJUDWXLW\5HVWDXUDXQWDQG%DU 5HFUHDWLRQRRPHHWLQJRRP$OEDQV'ULYH Accountant in 10% fraud work growth FROM page 1B Mr Cochinamogulous said that based on this, it would appear that the granting of business license exemptions is ar ight for clinics and hospitals under the law. Charles Sealey, chief executive of Doctors Hospital, said y esterday that that company had been disputing the payment o f Business Licence fees for longer than the 11 years he has been with the hospital. Annoyed Were very much annoyed with it. Weve written to the Attorney Generals Office, the Prime Ministers, saying that we should be recognised as a hospital. They are saying w e are recognised as a private company. Its really bad because it causes an increase in the cost of healthcare to Bahamians, said Mr Sealy. He added that Doctors Hospital provides the same level of or more healthcare to Bahamians, and therefore believes it should be considered on an equal footing when it comes to payment of fees to the Government. Mr Sealy said that despite the hospitals efforts to get the Government to reconsider, it has not gotten anywhere w ith the matter. Communications sent to the Attorney Generals Office up to last year have not gotten any response. Pr ivate Mr Cochinamogulos said a number of private medical clinics had been in touch with him on the question of the Business License fees. Asked yesterday about the Governments rationale in seeking to have the clinics and hospital pay the fees despite the wording of the Act, minister of state for finance, Zhivargo Laing, told Tribune Business for profit businesses must pay business license fees and this is further reflected in the n ew Business License Act. Q ueried on the intent of the original Act, given its wording, Mr Laing said: You cant ask me about the intent of an Act that was written ye7ars ago. And as for whether the Government would consider refunding any hospitals or clinics who believe they may have wrongfully paid the fees under the old Act, the Minister s aid: I have no idea what you are talking about. Medical facilities may have case for Business Licence recovery BEC targets profits in $8-$10m range compared to 2009s $32 million loss. Yesterday, Mr Moss said that while final audited financial statements hadn ot been completed, his expectations have improved somewhat, leaving the p ossibility that BEC could see a potential swing of anywhere between a $5 million loss and a $5 million prof-i t recorded for 2010. Providing some context to this proj ection, Mr Moss said: There have been better controls on expenditures during the year. The tariff (ratei ncrease) certainly has helped a little bit better than we had anticipated. H e added that the Governments decision in November not to seek to recoup a $3 million loan it extendedt o BEC in light of its decision that the fuel surcharge would be capped at 15 cents per kilowatt hour for smallu sers also helped. BEC advanced to the point that it w as no fault of ours that we were being deprived of these funds, as it was a government mandate that we cap thes urcharge, and that rather than a loan it should be used to offset those bills. T he Government concurred, so rather than having that as a sum to be repaid we had that as income, said Mr Moss,w ho said the cap had meant BEC was charging less than the realistic value of the power it generated. Speaking to BECs plans to produce power more efficiently in 2011, something he said should shield consumers in part from oil price rises, Mr Moss said measures are to be imple-m ented which should result in us producing more and more electricity from our highest efficiency generation units. We have not been able to do that to date because we have not been able t o keep them maintained as well as we would want without the financials to do so. So they have been breaking downa nd we have had to do patch jobs, Mr Moss said. Stabilisation If we are able to bring about those efficiencies hopefully people will see a stabilisation in the price of electricitya nd be shielded from any major oil price increases. If it goes up 50 per c ent theres not much you can do to totally shield customers from that, but if you have minor increases, 15-20 perc ent, and you can improve operational efficiency gains 15-20 per cent, cust omers could be shielded, said Mr Moss. The chairman said the Corporation w ill be seeking primarily to offset the rising price of oil by this means rather t han through fuel price hedging the practice of seeking to set a fixed cost for oil purchased in advanced, in antic-i pation that this will end up being cheaper than the price to which it may rise on the international market. While the Corporation has employed fuel hedging strategies in the past, Mr Moss said that primarily because oft he anticipated public reaction should the Corporation get it wrong, it would no longer be doing so. Its good to hedge if you are in a r egulated environment where you can go to the regulator and defend your p osition. I would say in the largely unregulated environment in which we exist it is best you charge actual pricest han to hedge, he explained. The problem is when you hedge you sometimes lose; you dont alwaysw in. If we say we hedge at $80 and the real price ends up at $60 a barrel then c ustomers will be saying: Oil prices went down, why are you charging me more?, and we will say: We thought itw ould go to $100 a barrel so we hedged at $80. Sometimes the public is not familiar and they expect that every time you will win...that doesnt happen. N onetheless, Mr Moss said he sees price hedging as a strategy for the f uture for BEC, once it comes under the regulatory control of the Utilities Regulation and Competition Authori-t y (URCA intends it to. I believe its best implemented when you have someone like URCA taking responsibility. You can go to them and say: This is our strategy, this is what we believe it will yield, andy ou get a yay or nay beforehand, he explained. F ROM page 1B F ROM page 1B ACFE members.

PAGE 15

the state-owned incumbent added that the regulator had never justified the licence fee, equivalent to 1.1 per cent of turnover, that it was also required to pay. Arguing that the fees levied on Bahamas-based communi cations sector operators were r elatively high compared to other jurisdictions, BTC said it objected to itself and others effectively subsidising URCAs costs involved in readying to regulate other utilities, such as electricity andw ater. In a sector character ized by excessively high licence fees, BTC........ is very concerned that URCA has included in its 2011 report provisions whereby telecoms licensees are paying the costo f training for other utilities possible regulation, BTC said. This is unfair given the anticipated start-up costs of the newly-appointed Appeals Tribunal, which are yet to be determined and the depressed economic climate. This subsidisation by communications licensees of other utility regulation preparation is unwelcomed and vehemently opposed by BTC. Again, URCA appears to be existing in a bubble oblivious to the economic realities of the Bahamian market and working through a wish list of items. As for the fee structure it faces, the state-owned incumbent, which is in the process of being privatised through the sale of a majority 51 per cent stake to Cable & Wire less Communications (CWC said the Communications and Licence fees effectively meant that it and other operators were paying two separate fees for one operating licence. Reiterating that the fees were excessive, and that URCA had never justified the 1.1 per cent of turnover rate used to determine its Licence fee, BTC also criticised the requirement that it pay its Communications Licence fee by April 1 every year in one lump payment. BTC holds fast to the view that the Communications Licence fee of 3 per cent of the relevant turnover is onerous when compared to other jurisdictions, particularly given the initial mandate to pay the total fee amount up front, and firmly disallowing installments as previously facilitated by their predecessor, the PUC, with the franchise fee, BTC said. Sur c har g e Additionally, the statutory interest under Section 94 of the Communications Act specifies a surcharge of 4 per c ent over the Prime lending rate for a delinquent/late pay ment, and us equally as oner ous. BTC is being mandated to pay based on the previous years profitability/earnings with a true up on completing of financial statements, there by committing to an uncer tain amount which, going forward and as competition increases, could be even less certain. BTC was backed on this issue by Cable Bahamas which, while welcoming the reduced fees associated with individual operating licences, said these sums continue to be very high. Particularly in light of the c hallenging economic times, as a more reasonable alternative to the up-front annual payment requirement, URCA should revisit the current l icence obligation requiring licencees to pay an entire years fees in advance in full (which URCA has interpret ed to allow for quarterly pay ments but with interest), Cable Bahamas argued. An annual up-front payment is not consistent with the Communications Acts objectives. Quarterly payments without interest would be a more commercially rea sonable practice, and is fully consistent with the approach f ollowed in other jurisdictions, in which the payment of a substantial annual licence fee is required. And BTC added that it will continue to agitate for a more equitable calculation of licence fees so that indi vidual operating licencees will not be unduly burdened, and will also continue to lobby for light touch regulation that will not hamper the commercial freedom of BTC. Urging URCA to apply light touch regulation, BTC also suggested it was over regulated in the extreme when it came to its price reg ulated services. BUSINESS PAGE 6B, TUESDAY, JANUARY 25, 2011 THE TRIBUNE TO DISCUSS STORIES ON THIS PAGE LOG ON TO WWW.TRIBUNE242.COM 52wk-Hi52wk-LowSecurit y Previous CloseToday's CloseChangeDaily Vol.EPS $Div $P/EYield 1.260.97AML Foods Limited1.021.020.000.1500.0406.83.92% 10.759.67Bahamas Property Fund10.6310.630.000.0130.200817.71.88% 6.184.50Bank of Bahamas4.904.900.000.1530.10032.02.04% 0.580.18Benchmark0.180.180.00-0.8770.000N/M0.00% 3.492.70Bahamas Waste2.702.700.000.1680.09016.13.33% 2.152.14Fidelity Bank2.172.170.000.0160.040135.61.84% 12.509.62Cable Bahamas10.2110.210.001.0500.3109.73.04% 2.842.36Colina Holdings2.402.400.000.7810.0403.11.67% 7.005.40Commonwealth Bank (S1)6.856.850.000.4220.26016.23.80% 3.651.63Consolidated Water BDRs2.062.04-0.020.1110.04518.42.21% 2 .551.60Doctor's Hospital1.601.600.000.1070.11015.06.88% 6.995.94Famguard6.076.070.000.3570.24017.03.95% 10.207.23Finco6.516.510.000.2870.52022.77.99% 11.408.77FirstCaribbean Bank9.399.390.000.4940.35019.03.73% 5.513.75Focol (S)5.485.480.000.3660.21015.03.83% 1.001.00Focol Class B Preference1.001.000.000.0000.000N/M0.00% 7.405.00ICD Utilities7.407.400.000.0120.240616.73.24% 10.509.82J. S. Johnson9.829.820.000.8590.64011.46.52% 10.0010.00Premier Real Estate10.0010.000.000.9910.80010.18.00% 52wk-Hi52wk-LowSecuritySymbolLast SaleChangeDaily Vol. 99.4699.46Bahamas Note 6.95 (2029BAH2999.460.00 100.00100.00Fidelity Bank Note 17 (Series A) +FBB17100.000.00 1 00.00100.00Fidelity Bank Note 22 (Series B) +FBB22100.000.00 100.00100.00Fidelity Bank Note 13 (Series C) +FBB13100.000.00 100.00100.00Fidelity Bank Note 15 (Series D) +FBB15100.000.00 5 2wk-Hi 5 2wk-Low S ymbol B id$ A sk$ L astPrice D ailyVol E PS$ D iv$ P /E Y ield F INDEX: CLOSE 000.00 | YTD 00.00% | 2009 -12.31%30 May 2013 20 November 2029MONDAY, 24 JANUARY 2011BISX ALL SHARE INDEX: CLOSE 1,480.24 | CHG -0.02 | %CHG 0.00 | YTD -19.27 | YTD % -1.29BISX LISTED DEBT SECURITIES (Bonds trade on a Percentage Pricing basis)Maturity 19 October 2017 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%BISX LISTED & TRADED SECURITIES AS OF:7% Interest 52wk Hi 52wk Low Symbol Bid $ Ask $ Last Price Daily Vol EPS $ Div $ P/E Yield 10.065.01Bahamas Supermarkets5.016.0114.00-2.9450.000N/M0.00% 0.550.40RND Holdings0.350.400.550.0010.000256.60.00% 41.0029.00ABDAB30.1331.5929.004.5400.0009.030.00% 0.550.40RND Holdings0.450.550.550.0020.000261.900.00% 52wk-Hi52wk-LowFund NameNAVYTD%L ast 12 Months %NAV 3MTH 1.51221.4076CFAL Bond Fund1.51795.51%6.90%1.498004 2.94742.8300CFAL MSI Preferred Fund2.94742.10%2.09%2.918697 1.57431.4954CFAL Money Market Fund1.57404.44%4.44%1.555464 3.20252.8522Royal Fidelity Bahamas G & I Fund2.720212.72%4.63% 13.638813.0484Royal Fidelity Prime Income Fund13.2825-0.63%-0.14% 114.3684101.6693CFAL Global Bond Fund114.36849.98%12.49%109.392860 106.552899.4177CFAL Global Equity Fund106.55284.75%7.18%100.779540 1.14151.0000FG Financial Preferred Income Fund1.14154.74%5.21% 1.11011.0000FG Financial Growth Fund1.11013.94%7.60% 1.14281.0000FG Financial Diversified Fund1.14284.78%5.90% 9.74859.1005Royal Fidelity Bah Int'l Investment Fund Principal Protected TIGRS, Series 19.79504.85%5.45% 11.236110.0000Royal Fidelity Bah Int'l Investment Fund Principal Protected TIGRS, Series 210.6417-1.20%0.50% 10.00009.1708Royal Fidelity Bah Int'l Investment Fund Principal Protected TIGRS, Series 39.6635-3.37%-3.37% 8.16434.8105Royal Fidelity Int'l Fund Equities Sub Fund8.39798.82%8.82% BISX ALL SHARE INDEX 19 Dec 02 = 1,000.00YIELD last 12 month dividends divided by closing price 52wk-Hi Highest closing price in last 52 weeksBid $ Buying price of Colina and Fidelity 52wk-Low Lowest closing price in last 52 weeksAsk $ Selling price of Colina and fidelity Previous Close Previous day's weighted price for daily volumeLast Price Last traded over-the-counter price Today's Close Current day's weighted price for daily volumeWeekly Vol. Trading volume of the prior week Change Change in closing price from day to dayEPS $ A company's reported earnings per share for the last 12 mths Daily Vol. Number of total shares traded todayNAV Net Asset Value DIV $ Dividends per share paid in the last 12 monthsN/MNot Meaningful P/E Closing price divided by the last 12 month earningsFINDEX The Fidelity Bahamas Stock Index. January 1, 1994 = 100 (S) 4-for-1 Stock Split Effective Date 8/8/2007 (S1) 3-for-1 Stock Split Effective Date 7/11/200730-Nov-10 31-Dec-10 107.570619 105.776543 30-Jun-10 30-Nov-10 NAV 6MTH 1.475244 2.919946 1.538692TO TRADE CALL: CFAL 242-502-7010 | ROYALFIDELITY 242-356-7764 | FG CAPITAL MARKETS 242-396-4000 | COLONIAL 242-502-752530-Nov-10 30-Sep-10 31-Dec-10 31-Dec-10 31-Dec-10MARKET TERMS30-Nov-10 30-Nov-10CFAL Securities Ltd. (Over-The-Counter Securities)30-Nov-10BISX Listed Mutual FundsNAV Date 30-Nov-10 30-Nov-10 The Public is hereby advised that I, LISACANDISE KNOWLES of #1 ARDEN FOREST ROAD, FREEPORT, GRAND BAHAMA, intend to change my name to LISA CANDISE SEARS.If there are any objections to this change of name by Deed Poll, you may write such objections to the Deputy Chief Passport Ofcer, P.O.Box F-43536, Grand, Bahama no later than thirty (30 after the date of publication of this notice. INTENT TO CHANGE NAME BY DEED POLLPUBLIC NOTICE Responding to the Governments plans to extend BTCs cellular monopoly from two years to three years, something that would require changes to the Communications Sector Policy, Cable Bahamas questioned whether this was being done on receipt of a proposal from sector regulator, the Utilities Regulation & Competition Authority (URCA policy. Responding to URCAs draft three-year strategy and 2011 annual plan, Cable Bahamas argued that extending BTCs cellular monopoly was not in the interests of Bahamian consumers, and it urged the regulator to recommend that rival operators be allowed to compete in this sector by providing services using the state-owned incumbents infrastructure. This, the BISX-listed communications provider added, would allow BTCs rivals (including itself vices as part of a triple-play package featuring Internet and fixed-line services. Noting that the $210 million sale of a 51 per cent BTC stake to Cable & Wireless Communications (CWC be conditioned on a cellular monopoly extension from two to three years, Cable Bahamas said the Communications SectorP olicys current language indicated it could only be changed upon receipt of a proposal from URCA, which was subsequently approved by the minister responsible. Another condition cited as a prerequisite for any Policy change was that it took account of technological advances and the evolution of liberalised markets. It is our understanding that the exclusivity period in respect of BTCs cellular monopoly will be extended to three years, Cable Bahamas wrote to URCA. [We] inquire (a URCA made such a proposal, and (b petition principles or on a market review? The draft Memorandum of Understanding (MoU the Government and CWC, which was leaked last week, indeed stipulated in clauses 5.2 and 5.5 that the bidding process for a s econd competing cellular licence in the Bahamas would not begin before the third anniversary of BTCs privatisation closing. Given that it will likely take between one to two years for the second cellular licence to be awarded, and the winner to build out their rival network, many observers believe it could take five years until early 2016 before cellular competition arrives in the Bahamas. This, they have pointed out, means that CWC will effectively enjoy the same five-year cellular exclusivity that Bluewater Ventures would have enjoyed under the deal concocted under the former Christie administration. The same observers argue that with the profits generated by the cellular exclusivity, CWC will not only have more than enough time to prepare BTC for competition, but also recoup much of the $210 million purchase price before the market is fully liberalised. Exclusivity While the Government is likely to have agreed to extend the exclusivity period as a trade-off for CWC reducing the extent to which it plans to downsize BTCs workforce (a social and political liability, perhaps), many are arguing that in doing so it is effectively devaluing the worth of that second cellular licence. Cable Bahamas and its Caribbean Crossings affiliate seem to a gree, their feedback to URCA yesterday stating: The com panies wish to point out that the Bahamas is one of the few countries left in the world that retains a monopoly in the mobile cellular market. If URCA has made a recommendation to extend this monopoly, which is not in the interests of the people of the Bahamas, URCA should at least recommend that the provision of mobile services on a resale basis (allowing for the licensing of mobile virtual network operators or MVNOs) commence as soon as possible, so that BTCs fixed network competitors will at least be in a position to provide triple-play packages includ ing mobile cellular services to the public. MVNO operators would effectively rent space on BTCs existing cellular network, paying a fee to the state-owned incumbent to do so. Meanwhile, Cable Bahamas also urged URCA to make progress on the stalled issue of number portability, and called for such a system to be operating by year-end, given that this was a major barrier to competition in the fixed landline market it aims to enter imminently. Praising URCA for scheduling a number portability consultation for the 2011 first quarter, Cable Bahamas said allowing consumers to keep the same phone number when they switched telecoms providers was key to competition. Establishing an effective and efficient number portability system and process is as important to competition in the fixed voice market as finalising negotiations with BTC pursuant to a reasonable Reference Access and Interconnection Offer (RAIO The Government of the Bahamas has clearly recognised the importance of the prompt implementation of number portability for fixed services, which is crucial to promoting competition, eliminating entry barriers and ensuring customer choice. The BISX-listed operator and its affiliate added: The com panies believe that progress on this critical issue has stalled and must be given URCAs full attention in 2011......... URCAs goal should be to have a fully functioning number portability system and process up and running in the Bahamas by the end of 2011. This should be a top priority for URCA and for the indus try. CABLE QUESTIONING CELLULAR EXCLUSIVITY POLICY COMPLIANCE F ROM page 1B F ROM page 1B BTC BLASTS EXCESSIVE FEES FACED of such one-off transactions. Commenting on the unanticipated windfall to the Public Treasury as a result of Buckeye Partners $1.36 billion purchase of a First Reserves majority holding in BORCO, Zhivargo Laing said the receipt of the $63 million confirmed by Buckeye yesterday was good news for the Governments fiscal position. We are always delighted to receive revenue in the Treasury, especially revenue that was not anticipated, Mr Laing told Tribune Business. That has been good news. It helps. We have to be grateful for that. It all goes into that wonderful pot called the Governments [funds]. Asked whether the BORCO payment c ould induce a false sense of security when it came to the Governments fiscal position, Mr Laing replied adamantly: No. Were sensible enough to know what matters are accounted for, to know what matters are not accounted for, to know what matters are on-off transactions, and to know what matters are recurring items. We have no delusions about these things when we analyse the performance of revenue. Breaking down how the $1.36 billion paid to First Reserve was used, Buckeye Partners said in a filing with the Securities & Exchange Commission (SEC The purchase price was paid in a combination of cash and equity. At closing, approximately $644 million in cash was paid to First Reserve, $400 million of consideration was paid by the issuance of LP Units and Class B Units to First Reserve, and approximately $63 million was used to pay applicable Bahamian transfer taxes, Approximately $320 million was used to repay existing indebtedness of a subsidiary of [BORCOs parent], approximately $18 million was used to make certain payments to BORCOs operator and indirect minority owner and bonuses to employees that became payable as a result of the transaction, and approximately $9 million was used to pay certain fees and expenses incurred by [BORCOs parent] and its affiliates in connection with the transaction. Proceeds Tribune Business previously reported t hat the BORCO deal proceeds, when combined with the $210 million received from the impending Bahamas Telecom munications Company (BTC wipe out much of this year's fiscal deficit. The two one-off transactions will be music to the ears of a hard-pressed Public Treasury, which has been forced to borrow to meet civil service payrolls after tax revenues nosedived due to the recession, and was projected to incur a total $302 million deficit for the 20102011 Budget year. The $63 million from BORCO, combined with the $217 million the Government says will be raised from selling a 51 per cent BTC stake to Cable & Wirel ess Communications ($210 million in purchase price, $7 million in Stamp Tax), means the Government will enjoy a potential $287 million gross revenue windfall that it did not account for in its 2010-2011 Budget. The net return to the Treasury from both deals is uncertain given, for example, the Government needing to cover the BTC employee pension plan deficit, but there is little doubt that the two deals will cover a substantial portion of the anticipated fiscal deficit for the year to June 30, 2011. The Government projected last year in i ts Budget that it would incur a total fiscal deficit of $302 million for fiscal 20102011. Therefore, those collective $287 million proceeds could narrow this to just $15 million. And, given that the GFS fiscal deficit measurement stood at $227 million, stripping out $75 million in debt principal redemption, the $287 million proceeds could leave the Government looking at a $60 million surplus under this method. O DELUSIONS ON ONE-OFF $63M BORCO WINDFALL FROM page 1B

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BUSINESS THE TRIBUNE TUESDAY, JANUARY 25, 2011, PAGE 7B TO DISCUSS STORIES ON THIS PAGE LOG ON TO WWW.TRIBUNE242.COM NOTICE GRIFFIN POINTE LTD.In Voluntary Liquidation Notice is hereby given that in accordance with Section 138(4of the International Business Companies Act. 2000, GRIFFIN POINTE LTD. is in dissolution as of January 14, 2011. International Liquidator Services Inc. situated at Belize City, Belize is the Liquidator. L I Q U I D AT O R ______________________ NOTICE MONAZITE VENTURES INC.In Voluntary Liquidation Notice is hereby given that in accordance with Section138(4 Business Companies Act. 2000, MONAZITE VENTURES INC. is in dissolution as of January 24, 2011. International Liquidator Services Inc. situated at Belize City, Belize is the Liquidator. L I Q U I D AT O R ______________________ N O T I C E PALAU LIMITED N O T I C E IS HEREBY GIVEN as follows: (aPALAU LIMITED is in voluntary dissolution u nder the provisions of Section 137 (4 International Business Companies Act 2000. ( b)The dissolution of the said company commenced on the 19th January, 2011 when the Articles of Dissolution were submitted to a nd registered by the Registrar General. ( c)The Liquidator of the said company is Blue Seas Administration Ltd., The Bahamas Financial Centre, Shirley & Charlotte Streets, N assau, Bahamas D ated this 25th day of January, A. D. 2011 ________________________________ Blue Seas Administration Ltd. Liquidator JORGE SAINZ, Associated Press M ADRID Spain said Monday its banks will need euro20 billion ( $27 billion) in new capital to m eet new reserve requirements aimed at strengthening their finances and quelling fears the country might be E urope's next to need a bailout. Finance Minister Elena Salgado said a government fund t hat has been lending billions f or mergers among troubled cajas, or savings banks, might eventually buy stakes in the entities that cannot meet the n ew criteria by raising capital on the open market. She says that for that to happen banks will have to be l isted on the stock market and b ecome full blow banks. The savings banks are not now listed. Worries about Spain's banking system have been an a ggravating factor in the government debt crisis plaguing the euro zone. Cajas have been particularly hard hit by exposure to a collapsed real estate sector in Spain. Salgado said it will not be known until in the fall of thisy ear which savings banks the government fund called the FROB might buy into. At a hastily called news c onference, Salgado said the overriding goal of the restruc-t uring of the Spanish banking sector is to "dissipate any d oubt about the solvency of lending entities, about their capacity to resist under difficult circumstances, in adverse scenarios, as unlikely as theses cenarios might be." BARRY HATTON, Associated Press LISBON, Portugal P olitical trouble that shook the Irish and Portuguese governments over the weekend could be a warning sign for othe r European governments facing voters angry about cutbacks, analysts said Monday. The turmoil may make it h arder for countries to move f orward with recovery from the crisis. "Markets want to see a clear commitment to fiscal tighteni ng, and any political instability or social opposition can delay measures being implemented," said Emilie Gay, an analyst at C apital Economics in London. S he said investors are nervous about political uncertainty in debt-stressed eurozonec ountries, including Belgium where political squabbling hasl eft the country without a government for the past seven m onths. After months of strikes over unpopular austerity measures, the governing Socialist Party's candidate in Portugal's presidential election lost heav-i ly Sunday, collecting just 20 percent of the vote behind 53p ercent for an incumbent backed by the main opposition S ocial Democratic Party. Both parties remain committed to budget cutbacks despite public dissatisfaction. Ireland's prime minister, who is blamed for his country's slide toward bankr uptcy after a construction bubble burst, suffered a major setb ack when the Green Party withdrew from his coalition g overnment. The Sunday pullout is almost certain to moveu p the date of a national elect ion, and Ireland must now pass a critical tax-raising bill before p arliament is dissolved this month in order to reassure i nternational investors that Ireland is serious tackling its d eficit. The setbacks in Portugal and Ireland likely herald morep rotest votes against European governments as austerity plans begin to bite and stretch over years of financial readjustment, said Vanessa Rossi, a senior r esearch fellow at Chatham House, a London-based think t ank. Portugal and Ireland have been forced to adopt austerity m easures including pay cuts, tax hikes and reduced welfaree ntitlements. It's very obvious we're going to get a lot of backlasha gainst governments because of what's happened," Rossi said i n a telephone interview Monday. "I think this build-up of a nti-austerity votes will continue." A ttention is turning to upcoming state elections in Germany, Europe's paymaster, where the troubled coalition g overnment may need to stump up more rescue money to protect the 17-nation euro currency. Seven of the country's 16 states hold elections this year,p roviding a series of tests from February through September. Polls suggest that Chancellor Angela Merkel's centerr ight coalition can expect a rough ride due largely to local issues, annoyance with the government about unpopular decisions such as extending the lifeo f nuclear power stations, and the unpopularity of the junior coalition partner, the Free Democrats. Still, her governm ent will be eager to avoid annoying voters uneasy about sinking billions more into rescue packages without securing tangible reform in return. In addition, Germany's highe st court is expected to consider in coming months complaints f iled against the bailout of Greece, and creation of a euror escue fund. "Merkel faces pressure on two sides from t he population, which views with little sympathy what from my point of view is to some e xtent inevitable, because something has to be done to s ave the euro ... and also from potential decisions by the Fed-e ral Constitutional Court," said Gerd Langguth, a politics prof essor at the University of Bonn. STEVEN R. HURST, Associated Press W ASHINGTON P olitical engines are revving up for the 2012 presidential e lection and the sound of one of those, President Barack Oba m a's, will be heard above all others Tuesday night in his nationally televised State of the Union speech to a joint session of Congress. T he Obama message: his prescription for a more robust eco n omic recovery that cuts persistently high unemployment, n ow at 9.4 percent. Obama's prospects for winning a second term probably depend largely on a robust upswing, a return to substant ial growth and better employment prospects that finally sealo ff the worst economic down turn since the 1930s Great D epression. The president will step to the rostrum with polls showing his o verall approval rating at 53 percent, 6 points higher than a fter the November congres sional election a drubbing for Democrats and loss of their majority in the House of Representatives. The uptick in Obama's stand ing coincides with his decision post election to negotiate with Republicans on a tax package and to build bridges to the business community. Obama is also being helped by a stronger economy. A new survey from the National Association for Business Econom ics was more positive than at any time since the start of the Great Recession. The survey released Monday showed that all major industry groups were seeing more demand for their products and services a precursor to job growth. Obama's mission in the State of the Union address is to build on those improved numbers by proving to ordinary Americans, especially independent voters, and his fellow politicians that he has a hard and fast plan for creating jobs and spurring the economy. Otherwise he is in danger of handing Republicans ammunition for their alreadypotent rhetorical weaponry. The party's success in November was largely built on a message that Obama was a big-spending, deficit-expanding socialist, determined to extend federal government control over the lives of voters. Republicans have taken particular aim at the administration's health care reform, already voting in the first session in the House to repeal the measure. That will die or be killed in the Senate where Democrats still hold the majority. Obama has promised to veto any such legislation should it reach his desk. Another Republican mes sage the huge government debt threatens the future of the country also resonates with voters. Yet, cuts in any or all federal programs especially among the elderly who benefit from Medicare health insurance and Social Security pension payments are a political mine field that politicians would rather not, and perhaps won't, enter with the next election so near. P osturing That will not, however, mean an end to political posturing. While Obama told supporters in a video released Satur day that he will focus on economic issues, particularly jobs, he also spoke of investing in educating workers and in research and technology. That set off alarms among Republicans. "Any time they want to spend, they call it investment, so I think you will hear the president talk about investing a lot Tuesday night," said Senate Minority Leader Mitch McConnell. "We'll take a look at his recommendations. We always do. But this is not a time t o be looking at pumping up government spending in very m any areas." The second-ranking House Republican, Rep. Eric Cantor, closed ranks with McConnell. "We want America to be competitive, but then he talks about investing," Cantor said. "When we hear 'invest' from anyone in Washington, to me that means more spending. ... The investment needs to occur in the private sector." One huge place to find savings is in the $700 billion the U.S. spends for its military. Both parties suggest a willingness to have a look at cuts there, but neither side has laid out a framework for serious cutbacks. That is difficult in a country still conducting two wars, the one being wound down in Iraq and the ongoing and brutal fighting in Afghanistan. Those conflicts while opposed by some members of the Republican's tea party wing and leftist Democrats likely won't find much space in Obama's speech. There are two reasons: Obama knows he has no opportunity to gain support among tea part ners; and left-wing Democrats likely will vote his re-election in 2012 regardless. Thus, with the economy and unemployment still the first worry for Ameri cans, Obama has been blitzing the business community, setting a significantly warmer tone and shaking up his staff with the addition of centrist advisers. His Tuesday night address will fit snugly with those atmospheric and personnel shifts as Obama pivots from the solidly left-leaning legislative agenda of his first two years, to a more centrist and pliable economic boosterism and readiness to compromise with the opposition. NEW YORK Biotechnology company Amgen Inc. says it is buying cancer drug maker BioVex Group Inc. for up to $1 billion. BioVex of Woburn, Mass., is developing a drug called OncoVex, which is designedto treat head and neck cancer and melanoma. Amgen says it will pay $425 million at closing and another $575 million if BioVex's products reach regulatory and sales milestones. Amgen, of Thousand Oaks, Calif., says the deal will close in the first quarterof 2011. The biotechnology giant also reported its profit grew 10 percent in the fourth quarter on better sales of its anti-infection drugs. Amgen earned $1.02 bil lion, or $1.08 per share. Excluding one-time costs, Amgen posted a profit of $1.17 per share. Revenue edged up 1 percent to $3.84 billion from $3.81 billion. EILEEN AJ CONNELLY, AP Business Writer NEW YORK American Express Co. says i ts fourth-quarter profit rose 49 percent, as its customers spent more and got better about paying their bills. T he card issuer says net income attributable to common shareholders rose to $1.05 billion, or 88 cents per share. Revenue rose 13 perc ent to $7.32 billion. Earnings include $113 million in charges announced last week related to the elimina-t ion of about 500 jobs in its customer service operations. Excluding the charges, profit came to 94 cents per share. Wall Street was expecting 95 cents profit on $7.28 billionr evenue. CEO Kenneth Chenault s aid consumers, small businesses and corporate cust omers all increased their spending in the quarter. The company also set aside less money to cover unpaid bills, as its customers got better at m aking payments on time. SAMANTHA BOMKAMP, AP Transportation Writer NEW YORK CSX, the nation's third largest railroad, said Tues day that its fourth-quarter profit jumped 42 percent as carmakers and other industrial customers stepped up shipments. The Jacksonville, Fla., company earned $430 million, or $1.14 per share, compared with $303 million, or 77 cents per share, a year ago. Revenue jumped 21 percent to $2.82 billion. Overall shipping volume rose 13 percent in the last three months of the year. Analysts surveyed by FactSet Research forecast $1.10 per share on revenueof $2.67 billion. The biggest volume gains were in automotive shipments, up 44 percent from a weak 2009. "Strong growth was due to an increase in North American light-vehi cle production driven by higher sales," CSX said in its earnings report. Volume jumped 17 percent in the company's intermodal segment, which trans fers goods from trucks to trains. Six out of eight CSX segments posted double-dig it increases in volume from a year earlier. The only seg ment in which volume fell was phosphates and fertilizers, but revenue for those goods jumped 29 percent due to higher prices. Revenue from coal rose 34 percent from a year earli er more than any other segment mostly due to higher demand from steelmakers abroad. CSX also handled more shipments to utility customers. European crisis erodes support for governments AMERICAN EXPRESS 4TH-QTR PROFIT LEAPS 49 PERCENT earnings REPORTS Analysis: Obama to push faster recovery more jobs CSX 4Q PROFIT SO ARS 42 PERCENT AMGEN 4Q PROFIT RISES, BUYS CANCER DRUG MAKER (AP Photo/Gregory Bull JOBHUNTING: In this Jan. 6, 2011 photo Tom McKelvey of Vista, Calif., checks for jobs at a career development cente in Oceanside, Calif. The government is expected to report Friday that businesses stepped up h iring in December, a trend likely to gain momentum in 2011. Economists are predicting that employers added a net total of 145,000 jobs last m onth and that the unemployment rate dipped to 9.7 percent. (AP Photo/Armando Franca PLEASEDTOMEETYOU: Portuguese President Anibal Cavaco Silva greets supporters at the end of his election campaign closing rally Friday, Jan. 21 2011 in Lisbon. Spain says banks need euro20 billion INTERN A TIONAL BUSINESS

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BUSINESS PAGE 8B, TUESDAY, JANUARY 25, 2011 THE TRIBUNE TO DISCUSS STORIES ON THIS PAGE LOG ON TO WWW.TRIBUNE242.COM BRUSSELS The European Central Bank spent far less money propping up the bond markets in Europe's more indebted countries last week, reinforcing a growing view in the markets that the government debt crisis may be stabilizing. ___ LONDON The euro spiked to two-month highs against the dollar after figures suggested that last week's stabilization in Europe's bond markets had little to do with the European Cen tral Bank buying up the debt of the more-indebted countries, like Portugal and Greece. European stocks also rose. The FTSE 100 index of leading British shares closed up 0.8 percent, Germany's DAX rose 0.1 percent higher and the CAC-40 in France ended 0.4 percent higher. ___ TOKYO Asian trading was mixed. Japan's benchmark index snapped a two-day losing streak as investors hunted for bar gains, and the Nikkei 225 closed up 0.7 percent. Australia's S&P/ASX 200 and South Korea's Kospi both rose 0.6 percent and South Korea's Kospi. But Hong Kong's Hang Sang dropped 0.3 percent and the Shanghai Composite index fell 0.7 percent. ___ LISBON, Portugal Europe's governments are feeling political heat from the continent's financial crisis as the governments of Portugal and Ireland two eurozone members forced to adopt unpopular austerity measures suffer setbacks over the weekend. As voters chafe at the burden of correcting Europe's fiscal waywardness, attention is turning to upcoming state elections in Germany where the troubled coalition government may need to stump up more rescue money to protect the 17-nation euro cur rency. ___ RIYADH, Saudi Arabia World oil demand could climb by about 2 percent this year because of demand from China and India, but crude prices will remain stable, Saudi Arabia's oil min ister predicted. ___ MADRID Spain said its banks will need 20 billion euros ($27 billion) in new capital to meet new reserve requirements aimed at strengthening their finances. ___ CAIRO Saudi Arabia has no plans to de-peg its currency from the U.S. dollar, the oil-rich nation's central bank governor said. ___ PARIS French President Nicolas Sarkozy says he will use France's presidency of the Group of 20 this year to try to tame volatility in global currency and commodity markets. ___ LONDON Cocoa prices shot to a five-month high after the Ivory Coast, the world's largest producer of the bean used in chocolate, called for a one-month ban on exports. ___ BEIJING China's key wheat growing province of Shan dong is facing its worst drought in at least 40 years as a result of unusually dry weather across northern and eastern China that stands to put further pressure on surging food prices. ___ TOKYO Japan's prime minister pushed to reform the coun try's tax and social security systems, including raising the sales tax as the country faces looming problems with its aging population and bulging national debt. ___ BUDAPEST, Hungary Hungary's central bank raised its main interest rate to 6 percent from 5.75 percent because rising fuel prices have led to higher inflation. FRANK JORDANS, Associated Press MATT MOORE, Associated Press D AVOS, Switzerland T he annual World Economic Forum opens this week under a cloud of economic worries, concern over China's growing influence in politics and business, and simmering anxieties over Europe's debt cri sis. Ahead of Wednesday's start, the meet ing was greeted with news that Russian P resident Dmitry Medvedev had postponed h is planned departure to Switzerland after w hat officials called a suicide bombing at Moscow's busiest airport killed 31 people and wounding about 130. Organizers said Medvedev would still give the opening address on Wednesday evening. But they said his stay in Davosw ould be shortened. Despite the lingering locksteps of fear, o rganizers of the five-day annual meeting which will draw some 2,500 political and business leaders Jan. 26-30 are opti mistic that the debates, discussions and exchanges of ideas can provide a roadmap of sorts on the way forward after threey ears of global financial and economic tur m oil. "It's the first I would call it post-cris is meeting," Forum founder and exec utive chairman Klaus Schwab told The Associated Press Monday. "We have avoided the worst of the crisis, but we have not yet started to really build our future. Davos is the place to look at the new reality and see how we should construct our future." The list of leaders headed to the Alpine t own includes President Felipe Calderon of Mexico, British Prime Minister David Cameron, German Chancellor Angela Merkel and French President Nicolas Sarkozy, all part of the Group of 20 club of rich and developing countries. Other G-20 leaders slated to attend are South African President Jacob Zuma, Indonesia President Susilo Bambang Yud h oyono and European Union Council Presi dent Herman Van Rompuy. Skeptics note that while the gathering is a key stop for many executives and newlyminted national leaders to share a global and media-saturated stage, at times the meeting has not been prescient about coming financial eruptions. Much has been made of the fact that last year's forum had little to say about the sovereign debt crisis that spread like wildfire across Europe several months later. But Yngve Abrahamsen, an economist at Zurich's Swiss Economic Institute, said that may be asking too much even of the concentrated expertise that descends on the Swiss Alps each year. "Peering into the economic future is always difficult," Abrahamsen said. "You might as well hire astrologists, because nobody knows what's going to happen in three months time." "If anything, Davos is a little bit faster at p icking up global themes," he said. "But a year ago nobody knew that the blowback from the bank bailouts would be so fast." Abrahamsen said the one charge many participants especially banking leaders might face is that they were quick to cozy up to governments when they needed a bailout, but when countries faced imminent bankruptcy they turned around and ratcheted up the interest rates. The European sovereign debt crisis has rocked financial markets since then, and led some to wonder if the euro could even break up. Schwab said he doesn't think it will. "I'm absolutely sure that the euro will n ot collapse because I think there is still a strong European solidarity in place," he t old AP. "Europe, in this new world that is coming up, if it wants to become a key actor and stay a key actor it has to express itself in terms of its unity and it has to make sure that euro is also secured by a much g reater common effort, working together in fiscal monetary and general economic poli c ies." Organizers are trying to answer their c ritics this year by taking time to discuss how to deal with unforeseen risk the "unknown unknowns" as former U.S. Defense Secretary Donald Rumsfeld once put it. The oil industry was hit by the reac t ion to the Gulf of Mexico disaster; governments have been struggling to contain t he fallout from the WikiLeaks revelations; and anybody who said Tunisia would be t he first Middle East country to see a pop ular revolution in years would have been laughed out of the room not two months ago. A report compiled by the forum's inhouse think tank highlights 37 global risksr anging from cyber warfare to public uprisings resulting from population growth and resource shortages. Sudden food price rises have already sparked alarm in Asia. The surging cost of food in China pushed inflation there to 4.6 percent in December, and the ruling Communist Party is expected to respond by raising interest rates to tame price rises. "Every uncertainty in the world has to do with Chinese politics," said Arturo Bries, a finance professor at the IMD business school in Lausanne. "I'm not expecting any surprises from the Western leaders, but we may have surprises coming from China." G LOBAL E CONOMIC N EWS A SSOCIATED P RESS A look at economic developments and activity in major stock markets ar ound the world on Monday: At Davos, a catalogue of problems raises its head WORLDECONOMICFORUM (AP Photo/ ECONOMICWORRIES: Annual meeting chairman Klaus Schwab speaks to the Associated Press in Davos, Switzerland on Monday, Jan. 24, 2011. The annual World Economic Forum opens this week under a cloud of economic worries, concern over Chinas growing influence in politics and business, and simmering anxieties over Europes debt crisis. (AP Photo/Keystone/Laurent Gillieron GETTING READY : A worker carries a seat when he makes the last preparations inside the Con gress Center two days before the opening of the 41st Annual Meeting of the World Economic Forum, WEF, in Davos, Switzerland, Monday, Jan. 24, 2011. The main subject of the World Economic Forum, WEF, annual meeting, which will take place from 26 to 30 January, is Shared Norms for the New Reality. PABLO GORONDI, Associated Press Oil prices fell to near $88 a barrel Monday due to thee ffects of a stronger dollar, weaker stock markets and expectations China will take more measures to cool its economy. B y early afternoon in E urope, benchmark crude for March delivery was down 77 cents at $88.34 ab arrel in electronic trading on the New York Mercant ile Exchange. The contract fell 48 cents to settle at $89.11 on Friday. O il has fallen from above $93 a barrel after economic indicators from China last week showed its economic growth acceler-a ted in the fourth quarter and inflation remained elevated. That has investorsw orried Beijing will take more steps to slow growth, r educing demand for crude from the world's biggest energy consumer. A nalysts warned that persistently high crude p rices could begin limiting appetite for oil. "There is once again a r isk that these commodity price gains will sow the seeds of their own destruction," said a report from KBC Energy Economics inL ondon. "With the economic recovery still fragile, an oil price rally on the scale of 2008 seems unlikely but at close to $100 ab arrel, we are at levels where consumer resistance should begin to be felt." Dollar A lso tempering oil futures were mostly lowers stock markets in Asia and Europe, as well as a stronger dollar, whichm akes crude less attractive to investors holding other currencies. The euro fell to $1.3560 on Monday from $1.3602l ate Friday, while the British pound was down to $1.5943 from $1.6002. Prices were supported by comments from Saudi Ara b ia's oil minister, who said he expects global oil demand to rise by between 1.5 million and 1.8 million barrels a day in 2011. Ali Naimi's forecast was higher than OPEC's estimate released last week, which saw a global demand rise of 1.2 million barrels this year. In other Nymex trading in February con tracts, heating oil rose 1.02 cent to $2.661 a gallon and gasoline lost 0.02 cent to $2.4585 a gallon. Natural gas gained 5.3 cents to $4.789 per 1,000 cubic feet. In London, Brent crude was up 21 cents at $97.81 a barrel on the ICE futures exchange. OIL FALLS TO NEAR $88 A BARREL IN EUROPE CHIP CUTTER, AP Business Writers DAVID K. RANDALL, AP Business Writers NEW YORK T he Dow Jones industrial average closed within 20 points of 12,000 Monday, its highest point since June 2008. Technology stocks rose after Intel Corp. increased itsd ividend and said it would buy back more of its stock. The company gained 2 percent. Materials companies rose after a report from the National Association for Busin ess Economics showed that economists are more positive about economic growth and t he job market than at any time since the start of the Great Recession in December 2007. V ulcan Materials Co., Alcoa Inc. and Sealed Air Corp. each gained more than 3 percent. Alcoa, which jumped 4.1 percent, was the t op-performing stock among the 30 that make up the DowJ ones industrial average. T he Dow gained 108.68 points, or 0.9 percent, to 1 1,980.52. The last time the average closed above 12,000 was June 19, 2008. T he broader Standard and Poor's 500 index rose 7.49, or0 .6 percent, to 1,290.84. The Nasdaq composite gained 28.01, or 1 percent, to 2 ,717.55. Gains were spread across the market. Financiala nd health care companies were the only two of the 10 company groups that make up t he S&P index to fall. McDonald's Corp. gained 0 .5 percent to $75.38 after it s aid it meet analyst expecta tions and warned that rising f ood costs could affect its margins this year. J.C. Penny Co. jumped 7 percent to $32.52 after the retailer said it would close s ome stores and its catalog business to reduce costs. Three stocks rose for every one that fell on the New York Stock Exchange. Volume c ame to 961 million shares. DOW AVERAGE NEARS 12,000 POINTS AS TECH STOCKS CLIMB N EW YORK Treasury prices Monday inched higher after the Federal Reserve bought close to $9 b illion in bonds. The price of the 10-year T reasury note edged up 9.4 cents. Its yield, which moves i n the opposite direction, edged down to 3.40 percent f rom 3.41 percent late Friday. The Fed bought $8.9 billion in fiveand six-year notes. The central bank also bought $8 billion worth of bonds on Friday. The purchases are part of the Fed's $600 billion bond-buying program which was launched in November to keep interest rates low and encourage lending. Treasurys have been in a relatively narrow range since the start of new year. Yields had spiked in the last two months of 2010 on expectations of faster economic growth. TREASUR Y PRICES IN CH HIGHER TOPTALKS: European Central Bank President Jean Claude Trichet, left, speaks with Greek Finance Minister George Papaconstantinou during a meeting of eurogroup finance ministers at the EU Council building in Brussels, Monday, Jan. 17, 2011. INTERN A TION AL BUSINESS

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H A V I N G a h a r d t i m e c onvin cing y our sel f that you should be exercising? Well, th e hea lth ben efits are indi s p u t a b l e B u t j u s t i n c a s e yo u r e n o t aw a r e o f t h e m I've decided to list some of t he m h er e fo r yo u, in n o p articular order. Pl us, I'v e l ist e d 5 w a ys y ou c a n m o ti va te y ou rse l f to p ic k up this lif e ext ending habi t a nd give y ours e lf the m ental k i c k i n t h e p a n t s t h a t y o u need to stop procrastinating a n d g e t u p o f f t h e c o u c h Exercise : 1 St ren g the n s Y ou r He art R eg ula r e xe rc ise stren gthens your h e ar t (A mu scle) l o w e r s b l o o d p r e s s u r e i nc re ase s "g oo d" c h ole ste rol a n d l o w e r s b a d c h o l e s t e ro l p r o m o t e s b l o o d f l o w ; a n d h e l p s y o u r h e a r t f u n c t i o n m ore e ffi ci en tly All of th ese be n ef i t s r ed u ce t h e r is k o f s t r o k e h e a r t d i s e a s e a n d h i g h b lo od pre ssure ; 2 Pre v en ts Ob e sity O v e r w e ig ht an d obe se c on dit ion s c a n be pre v en ted o r tre at ed wi t h e xe r ci s e a lo n g wi t h a h e a l t h y d i e t. A c t i v i ty he l p s to re du c e bo dy f at a nd i nc re ase m usc le m ass, th us i mpro vi ng your bod y's ab il ity to b ur n c a lo rie s. Th e c om bi na tio n of r e d uc e d ca l o r i e s an d d a i l y e x e r c i s e i s t h e ti c k e t t o w e i g h t l oss. And c ont roll ing ob esi ty i s c riti c al a s i t i s a ma jo r risk f a c t o r f o r m a n y d i s e a s e s L o w e r i n g y o u r b o d y m a s s in de x (B MI) is a sure w ay to re du c e y o u r r i sk o f dy in g e a rly a nd t o l iv e a he a lth ie r l ife 3 M a n a g e s o r P r e v e n t s B ac k Pai n. B ac k pa in c an b e m a n a g e d o r p re v e n t e d w i th a fi tn es s p ro gra m t ha t i nc l ud es m u s c l e s t r e n g t h e n i n g a n d fle xibi lity. Ha ving goo d postur e and a st rong abdomen i s t h e b o d y s b e s t d e f e n s e ag ain s t bac k p ain. 4. H e l p s p r ev e n t O s t e o p o r o s i s W e i g h t b e a r i n g e x e r c i s e ( su c h a s w a l k i n g j o g g i n g s t a i r c l i m b i n g d a n c i n g o r l i f t i n g w e i g h t s ) s t r e n g t h e n s b o n e fo rma tio n a nd he lps pre ve nt th e ost eo po ros is o r bo ne l oss o f t en s e en i n wo m en a f t e r me no pa use C om bi ne a di et rich in c alc ium a nd v itamin D w i t h r e g u l a r w e i g h t b e a r i n g e x e r c i se f o r m a x i m u m r e s u l t s Now th at yo u kn ow why y o u s h o u l d b e e x e r c i s i n g he r e a r e 5 w ays to mo tiva te yo urs e lf to "ju s t do i t": 1 Ta ke a goo d loo k in the mi r ror. G et na ke d and sta nd in front of a ful l-len gth mirror. Ta ke a g ood look from t h e f r o n t t u r n t o th e s id e a n d ev e n t u r n a r o u n d an d l ook b ac k over your s houlder a t you r bac kside If yo u ne ed t o lose ev e n 10 pou nds, the mirror w ill be more tha n happ y to show the m to you. 2 Put aw ay your "loose c l o t h e s It' s a l o t e a si e r t o p u t off e xe r c ising w he n y ou ca n hid e un de rnea th c lo the s tha t make us fe el like you 're n ot as out of sha pe a s w e re ally ar e. T ake all of the clothes that al low y ou to hide y our extr a pounds and put t he m in a box 3 T u r n i t i n t o a s o c i a l e x p e r i e n c e Y o u h a v e a fr i e n d a n e i g h b o r a c o -w o r k er, or a fami ly m embe r wh o also nee ds to l ose w ei ght, so grab a partne r j oin a fi tness c lu b a nd ma ke a sol e mn p a c t t o for c e eac h other to stic k to it. 4. Us e it as a n excus e to g e t m e ti m e T hi n k o f y o u r e xe r ci s e t i me as a n i nv es t m ent in You I nc." Schedul e y ou r ex e rc is e ti me a s y o u wou ld any o ther imp or tant a p p o i n t me n t a nd d o n t l et anything come between you a n d t h i s a pp o i nt m e n t w it h yourself. Plus, the return on i n v e s t m e n t i s o f f t h e charts." 5 D o i t f or Th em W h o ever "Them" may be your kids, other family members, frien ds etc Be liev e it or not, so m e p e op l e l ov e ha v i ng y ou around. Don't short change your experiences with them because of poor health due to inactivity and bad eating habits. T h e r e y o u h a v e i t N o w y o u k n o w D o s o m e t h i n g a b o u t i t G e t a c t i v e S e t so m e fi tne ss g oa ls an d ge t mov in g. See you at the park! All information contained within this column, is for informational purposes only. It is not intended to diagnose, treat, cure, or prevent any health problem nor is it intended to replace the advice of a physician. Always consult your physician or qualified health professional on any matters regarding your health or on any opinions expressed within this column. All opinions expressed on this site are solely the author's. The author operates Outdoor Fitness Bahamas OFB. Outdoor Fitness Bahamas offers fitness sessions, nutritional counseling and motivational training packed with fun and energizing activities in the great outdoors designed to help you reach your fitness goals. He can be reached at 432-4026 o 429-9806, email outdoorfitnessbahamas@gmai l.com or website outdoorfit nessbahamas.com. P R E G N A N C Y i s a ti me o f gr e at h ap p i n e s s a n d f u l f i l l ment for most women. How e v e r b o th t h e w om a n a n d h e r de veloping c hild fa ce various healt h r is ks dur in g th e nine m o n t h s o f p r e g n a n c y I t i s dur i ng th is ges ta ti on p er iod th at t he ex pect ant mo the r' s d i e t h a b i t s a n d h o r m o n a l c h a n g e s i m p a c t h e r h e a l t h a n d that of her unborn child. It is t h e r e f o r e e s s e n t i a l t h a t a l l preg nancie s be monitored b y sk il led hea lt hcar e p ro vid er s t o e n s u r e t h e h ea l t h o f t he w o man dur ing t he pr egnancy ch i l db i r t h an d t h e p o s t pa r tum period ( w eeks i mmediately following childbirth). Anecdotally, it is accepted t h a t a p p r o x i m a t e l y 1 0 p e r cent of all women in the age g r ou p 1 5 y rs 44 y rs a re p re g nant and, of c ou rs e, that all of these women have mouth c h an ge s a ssoc i ate d w ith p reg n a n c y I t So me cha ng es ar e m inor and ma y go un notic ed while others are very notice able. The re i s a n oti on th at p reg na nc y cau s e s t o o th lo s s ( a teet pull out for ew'ry baby ") and that calcium is removed in s i gn if ica nt amo un t s f r om the mother's teeth to supply t h e u n b o r n c h i l d s n e e d s T he r e i s n o sc ie n t if i c e v i d e nc e to support this. Calcium pre sent in the teeth is in a stable crystalline form, and as such, i s n o t a v a i l a b l e to t h e s y s te m i c circulation. DENTAL CAVITIES There exists a relationship betwee n dent al cavit ies and pregnancy, although it is not w ell define d. Pr e gnanc y does n ot d ire c tl y c on tri bu te t o c av it ie s ; an i n cr eas e i n cav it i es d u r i n g p r e g n a n c y c a n b e at t r i b u t e d t o a r is e i n lo c al cavi t y fo r mi ng f ac to r s T hi s r i se o c c u r s be c a u se p re g n a nc y c om monl y ca uses an inc rea se i n a p p e t i t e a n d o f t e n a c ra v i n g f o r u n u s u a l f o o d s W h e n thes e cravin gs ar e for foo ds w h ic h c a n c a u s e c a v i t ie s i n t h e a b s e n c e o f p r o p e r o r a l h y gi en e th e pre g na nt w o ma n increas es her r is k of get ting cavities at this time. M O R NI N G S I C KN E S S V O M I T IN G S o m et im e s i n p r e g na n c y, teeth can become worn away b e c a u s e o f s t o m a c h a c i d washing over them. This can occur as a result of repeated m orning si ckn ess v omit ing or e s o p ha g e a l re fl u x d i s e a se It i s a d v i s a b l e f o r a n e x p e c t a n t m o t h e r t o r i n s e h e r m o u t h with water immediately after v o m i t i n g t o r e m o v e t h e r e si d u e s to m a c h a c i d f ro m t h e mouth thereby reducing any potential damage to teeth. GINGIVITIS Gingiv it is ( inflame d g ums ) i s t h e c o m m o n e s t m o u t h change associated with preg nancy. I t ha s been rep or ted to o cc u r i n 60 pe r cen t 75 p e r c e n t o f a l l p r e g n a n t w o m en G u m c ha n g es u su al l y o c c u r i n a sso c i at io n w i th p o or o r a l h yg i e n e a n d l o c al i r r i t a nt s, e sp e c i al l y p la q ue Ho w ever, the hormonal and vas c ular ( blood vessels) cha nges t h a t a cc o m p a n y p r e g n a n cy often exaggerate the inflam m a to r y re s p o n se t o t h e s e l o c a l i r r i t a n t s G u m ch a n g es a r e m ost no tic ea bl e from th e sec o n d m o n t h o f g e s t a t i o n re ach ing a max im um i n t he eighth month. These cha nges o cc ur e ar l ie r an d m or e fr eq u e n t l y t o t h e f r o n t o f t h e m o u t h T h e s e v e r i t y o f t h e g u m d i s e a s e l e s s e n s a f t e r c hi ld b ir t h bu t th e g um s do n ot neces s ar il y r etu r n t o it s pre-pregnancy condition. PREGNANCY TUMORS In a dd it io n, p re gn a nc y m a y also cause single, tumor-like gr ow th s o n th e g um s i n 1 0 pe r c ent of pr e gn ant wom en I t u s u a l l y o c c u r s o n t h e g u m t hat is between the teeth or o ther areas of f req uent i rr itation. This localised area of gum enlargement is called a p r e g n a n c y t u m o r e p u l i s g r a v i d a r u m o r p r e g n a n c y g r a n u l o m a G e n e r a l l y t h e lesion wil l reg ress afte r ch ildb i r t h ; h o w e v e r s u r g i c a l removal is often required for complete removal. HORMONAL ALTERATIONS Ho rmon al al tera tio ns a ssociated with pregnancy some t i me s a ls o cau s e d r y mo ut h and dr inki ng mor e w ater and c h e w i n g s u g a r l e s s g u m ca n he l p. Th e se h or mo na l c ha n ge s c a n s o m e t i m e s a l s o c a u s e p r e g n a n t w o m e n t o h a v e e x c e s s iv e s e c re t i o n of sa l iv a I t usually b egi ns a t tw o to th r e e w e e ks i n to t h e p re g n a nc y g e st ation and may abate at the end of the first trimester. In s om e i ns tances it cont inu es until the day of delivery. PERIODONTAL DISEASE All pregnant women want t he b est fo r t hem sel ves and their unborn baby and must be a w a re o f a l l th e f a c t o rs t h a t c a n i n f l u e n c e t h e i r b a b y s he a lt h. A pr et e rm b irt h i s on e c om mo n c au se of l ow b ir t h weight, which has unwanted health impacts of a newborn. M a t e r n a l r i s k f a c t o r s f o r P r e t er m L ow Bi r t h W ei g h t ( P L B W ) i n c l u d e : a g e l o w soc io ec on om ic st atu s, a lc oh ol a n d t o b a c c o u s e d i a b e t e s o b e s i t y h y p e r t e n s i o n a n d ge ni tou rin ar y tra c t i nf ec ti on s. P L BW r es u lt s i n s i gni f ican t m o r b i d i t y a n d m o r t a l i t y o f infants. Recent research suggests a previously unrecognised risk fa c to r fo r PLB W Pe ri o do n ta l d i s e a s e i s t h a t r i s k f a c t o r Health care for the pregnant w o m a n s h o u l d t h e r e f o r e include an assessment of her m o u t h a n d g u m s I f d i a g n o s e d p e r i o d o n t a l d i s e a s e m u s t b e t r e a t e d I t s h o u l d i nclude a tho rou gh c l eaning or s c a l i n g a n d a r o ot p la n n i n g to decrease the infection and s u b s e q u e n t i n f l a m m a t i o n caus ed by t he dis ease. T h i s will reduc e the r isk of PLB W a n d t h e u n w a n t e d h e a l t h i m p a c t s i t h a s o n t h e n e w born. It is important then, if you ar e pr egn ant o r con si der ing becoming pregnant, that you s e ek a co ns u ltation w ith your dentist and doctor for a com p lete com pr ehens ive as se ss m en t Y ou r un bo r n chi l d i s your most precious gift. "This article is for informational purposes only. It is not intended and may not be treated as, a substitute for professional medical/dental advice, diagno sis, or treatment. Always seek the advice of a physician or dental professional with any questions you may have regarding a medical/dental con dition. Never disregard professional medical/dental advice or delay in seeking it because of a purely informational publica tion." Dr AndrÂŽ R Clarke Specialised Medical Dentist WOMAN P AGE 10B, TUESDA Y JANUAR Y 25, 201 1 THE TRIBUNE Pregnancy and your mouth B y A N D R E C L A R K E K E E P I NG YO U R M O U T H A L I V E B y C R A I G W A L K I N E S R SHAPE UP Reasons to get exercising again! Y o u h a v e a f r i e n d a n e i g h b o r a c o w o r k e r o r a f a m i l y m e m b e r w h o a l s o n e e d s t o l o s e w e i g h t s o g r a b a p a r t n e r j o i n a f i t n e s s c l u b a n d m a k e a s o l e m n p a c t t o f o r c e e a c h o t h e r t o s t i c k t o i t (ARA) Any parent who's sat up through the night with a sick ch i ld kno ws r eliev i n g the ir symptoms is only part of your mis s io n Ea s in g th e di s c om for t s o f co ld an d f lu for yo ur li t t le one is a number 1 priority. "Watching y our child suffer, even if it's from something as m inor as a n ose t h at 's sor e a nd chappe d f rom re peated bl o w ing, is a terrible feeling for any par ent, sa ys Dr Tany a Reme r A l tm an, a mot her and pedi at r i c i a n w h o i s a b e s t s e l l i n g a ut ho r an d spo ke sp ers on f or t h e A m e r i c a n A c a d e m y o f Pediatrics. "R el i e vi ng t he di sc om f ort s re l a t e d to c old an d flu no t o nly h el ps ki d s f e el be t t er i t a l so reduces stresses for their par ents." "Dr Tanya," as she's known t o he r pa t ie nts an d th e million s who've seen her on the Today Show or who follow her blog, offe r s so me tip s t o h elp p ar e n ts make children feel more com f o rta bl e wh i le fi gh t in g a col d or the flu: F l u v a c c i n e s a r e r e c o m men de d for e ve r yo ne 6 mo nth s and older, but it's not unusual f or childre n t o f ea r a shot. A s k your pediatrician about giving your child the flu vaccine in a nasal spray form. It's available f o r chi l dren 2 and o l der, and p rovi des t h e same prot ect i on and sa fety a s the tra diti o nal flu shot. Y o u r m o t h e r p r o b a b l y swor e by chicke n s oup a nd sh e w as on t o somethi ng. Serving sick children chicken soup not only gives them the benefit of n ouri s h ment w hi le t hei r bod ies are fighting a virus, studies s h o w c h i ck e n s o u p h a s an t i i n f l a m m a t o r y p r o p e r t i e s a s we ll P l u s it 's a p o p u l a r c o m fo r t food that most kids love. So r e c ha p pe d no s e s ad d to the d is c o mfo r t o f h av in g a c ol d. Tissues with added lotion, like Pu ff s P lu s w ith L o tio n c a n he l p p r e v e n t c h a p p i n g fr o m f r e q u e n t nose blowing and wiping. The strong, lotion-filled tissues can help children get more out of t h ei r n o s e b l ow i n g, en s u ri ng the y 'r e c o nf ide n t th e y c a n b lo w with o ut g e ttin g a ny th in g ic k y on their little hands. You can a l s o u s e p e t r o l e u m j e l l y o r unscented ointment to soothe the irritation and discomfort. A n o t h e r w a y t o h e l p relieve a stuffy nose is to try a f ew drops of nasal sal ine and gentle suctioning. A cool mist humidifier and a liberal appli ca tio n of Vic k s on c h ild re n o lder than 2 can also help, espe cially at nigh t whe n lying do wn c a n m a k e a c hi l d f e el st uf f y Remember, however, never to use Vicks on children younger than 2 years old; it may actual ly increase the mucus in their airways. Frequent hand-washing is im p o r ta n t to p r e v e n t th e s p r e a d o f v i ru se s. Y e t w as hi ng yo ur hands a lot, especially in cold w eat h er, can l ea ve t hem dry sore and cracked. Teach your c h i l d re n t o w a sh t h ei r h an ds w h i l e s i n g i n g W a s h w a s h w as h y ou r ha nd s, w ash t he m every day. W as h t hem wi th w ater and wash them wi th soa p t o was h t he ger ms a way" t o t he t u ne of R o w r o w ro w y o u r b o a t T hen fol l ow up w it h a soot hing lotion. You can find many f r a g r a n c e f r e e v a r i e t i e s sp e cially formulated for children. W hen your chi l d' s th r o at is s o r e h e m ig h t b e un w ill in g to eat o r d rink muc h. Off e r a s uga r-f ree f rui t Popsi cl e i nst ead T he cool ness can hel p ease a sore throat, your child will get s o me h y d r a t io n fr o m th e f r o z e n juic e a n d h e 'll fe e l lik e h e 's g etting a special treat. Make trips to the doctor's of f ice fun by bringi ng a book or toy to keep your child occu p ied, and a snack in case she gets hungry. A special reward or treat after the visit is also a nice tradition. Finally, don't overlook your o w n m e nt al co m f or t a s w e l l ; call the doctor if you feel your c h i l d s s y m p t o m s a r e w o r r i s om e "P are nt s of t en t el l m e t he y thoug ht a bout c al ling, but didn 't wan t t o be a both er ," D r Tanya says. Mos t pe diatr icia ns ar e pa ren ts too a nd the y wo uld r ath e r take a few minutes to reassure y o u th a t y o u r c h i ld 's c ol d s y m ptoms will im pr ov e on the ir o wn t h an t o no t ha ve you c all ab out y o ur s ic k c h i ld w h o r e a ll y n e e d s t o be seen. Your pedi atri cian is there to help you, so if you f e e l s o m et h i n g i s i m p o r t a n t pick up the phone and call." Simple ways parents can help relieve kids' cold and flu discomfor ts T O DISCUSS ST ORIES ON THIS P A GE LOG ON T O WWW .TRIBUNE242.COM

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E v en th oug h sh e ha s c omp et ed ag ai nst o t h e r s t h e b a t t l e w a s a l w a y s a b o u t b e a t i n g h e r s e l f b e c o m i n g a w i n n e r t h r o u g h her own ey es w hile trying to make ne w im pro ve me nts. M s J o h n s o n s a t d o w n wi t h T r i b u n e W o m a n expla ining th at sh e was al w ay s ath letic i n sc hool an d a lw ays partic ipa ted in t r ack and f ield e vent s li ke th e 100m 20 0m, rel ays, lo ng and hig h jump. As an ad ult she did socc e r for a whi le. The 46 yea r -old say s t hat it w as just years ago when s he bec ame insp ired in Free port at th e Goo mba y Festiv al s i n the In te rn a ti on a l B a z a a r. Sh e sa y s th e y w o ul d ha ve Ba ha mia n sing ers, d anc e r s, and a lso h av e bo d yb u il d er s pe rf or m g e tt in g a g oo d r eact ion f r om th e c r o wd. "I t was t her e w here I s a w Mel anie Fe aster an d W e ndy W illis do thei r th ing on stag e. I w as fa s c ina ted b y w ha t the y w ere doi ng a nd I also li ked th e f act t hat th ey had a n ath let ic tone d bo dy with firm sha pel y l eg. Th e y i n s p i re d m e i n i t i a l l y b e c a u s e t h e y w ere hav ing s o muc h fun w ith wha t the y wer e doin g. I di dn' t even kn ow at th at p o in t th a t I w o ul d b e do i n g th e sa m e th i n g years later. I met with M elanie Feast er and a s ked her to please help me to get t ho s e l egs s h e la ug hed an d I was s oo n w or k in g ou t w it h h e r a n d S o l F r a zi e r W hene ve r I run into Me lan ie or We ndy I al wa ys gi ve them a hug, the y h ave be en w onde r fu l pe ople to m e." S he we nt o n to say tha t a t on e point in her mid 20's, she wa s jus t e ating everythin g and e njoy ing life w hic h ha d ca used he r to g a in so me w ei gh t. I sta red to h av e irreg ular he art be ats a nd a fter a s e ries of t e st s w a s t o l d t o lo s e s o me w e ig h t B y fa t e I met Flint B ridge w ater w ho w as on e of the cou ntr y 's best b ody-buil ders and he w ante d to h elp me lose the e xtra w eig ht. He t augh t me how to d iet an d tr ain t o burn the b ody fat a nd to r e pla ce it w ith musc le. After a dare I e ntered my firs t sh o w ar ou n d 1 9 9 0 / 19 9 1 a n d I l o ve d i t. N ot lo ng a fte r tha t I be ca me the rei gni ng lig ht w eig ht c ham pion fo r th e c ountry and w as ad ded to the Ba hama s B od ybuil ding and fitne ss te am w he r e I sta r t ed to c ompe te inte rnatio nall y a long w ith th e te am. G o in g fu rth e r she ad d ed : At t hi s le v el I met Ma xin e Da r v ill e an d De lla Tho mas and t hey became m y dr ivi ng f or ce. We w o u ld h av e a ri v a l ry w i th Fr e ep o rt a g ai n st N a ssa u T he g i rl s fro m Fre e p o rt h a d Ma x ine an d De lla to try to be at a nd N assau h a d t h e B r i d g e w a t e r b r o t h e r s o u t o f Gr an d B ah a ma to d ea l w i th. Tha t w a s m y m o s t e n j o y ab l e y e a r s i n b o d y b u i l d i n g w hen i t ca me to c ompe ting natio nall y. I h ave be en tr a ine d by s om e of t he b es t t r a in er s l i ke He nr y Ch ar l t o n, Qu i nt o n G ra y D w i g ht Pa l a c io u s, B a ld w i n D a rl in g C harle s Lun dy a s siste d me a t some p oint an d I hop e I di dn't fo r g et a nyb ody. Jo el Stub bs, Del la Thom as, C harle s Joh nson, Delroy De nn is he lped me with training a f t e r I m a d e a c o m e b a c k f ro m a b re a k. S o I hav e alw ay s ha d hel p from frie nds and t ea mm a t es o ve r t h e y ea r s an d I t ha n k the m for that. M s J ohn s o n tel ls T rib une Woman t h a t she r e tired aroun d 19 97 /19 98 after c omp et in g th rou g ho ut t he Ca ri bb ea n C e ntr al Ame r ic a, Unite d Sta tes, B elg ium a t the W orld Co mpeti tion lev el an d Ita ly at the W orld C omp etiti on le ve l. "I reti red b ec au s e I had g on e as fa r a s I c ould g o a t m y s i ze I n orde r for me to be b e t t e r o n t h e h i g h l e v e l I w o u l d h a v e n e e d ed to ad d addi t i onal m us c le mass and I did n ot w an t to do tha t and lose m y feminin ity. Plu s I w as trave ling so muc h and fe lt t ha t I ne ed ed a bre a k. I t he n sw itc h ed t o j ud g i ng fo r a fe w y e a rs. I ha d a s on d uri n g m y t i me of f f r o m t h e s p o r t wh o is a l m os t e l e v e n n o w I ma d e a c o me b a c k in 2 0 0 8 a n d w o n t h e A n t i l l e s C a r i b b e a n B o d y F i gu r e Ov e r al l t it l e h e l d i n T ur ks a n d C aic os and d iffere nt Ca r i bbe an c ountrie s p a r t i c i p a t e d "I wo n the A ustra lia n Pro/ Am Fig ure ti tle in 2 00 8 tha t sho w w as hel d in Melb o u rn e A u s t ra l i a I p l a c e d f o u rt h l a t e r th a t y ea r in the C AC 's t ha t w as h el d h ere in N assa u, b ut it wa s h ard er for me to sta y f o c u s e d f o r t h a t sh o w d u e t o c i r c u m s t a n c e s be y ond my c o ntro l. E v en tho ug h I d id n't g o i nto the sho w fe el in g 1 00 p er c e nt I d id it did m y be st, a nd tha t w as al l I c ou ld do a t t h a t ti m e I t o ok 2 0 0 9 o f f a n d c a m e b a c k i n 2 0 1 0 a n d w o n m y d i v i si o n a t o u r n a t i o na ls, ma de t he te am a nd c om pe ted a t t he C AC 's in A ruba wh ere I m ad e it to t he fi na ls. Tha t show w a s so ho t an d ha d so m an y a th le te s i t w a s a jo b w it hi n i tse l f j ust be in g a fi na li st. I m isse d the b ronz e m et al by 4 p oin ts. The dri vi ng fo rc e f or m e ha s a l w a y s b e e n h a v i n g l e a n l e g s a n d u n t i l I c a n g e t m y p ac k a g e ri g ht a nd c o rre c t th a t a re a it s c ont inu es to b e a stu bb orn bod y p art a nd a c ha ll en ge f or me ." Ev e n th oug h b ody bu il din g c a n be ti me c on sum ing J a n ex pl ai ns th at i t doe s not in te rfere w it h her e ve ryd ay l ife a nd jo b. Sh e say s, I e ith er tra in e arl y m orni ng at 4 3 0 a m i f I a m p re p a ri n g f o r a sh o w I us ua ll y t rai n a t 7 pm w he n I a m o ff a nd I tra vel w ith a bag of food to ea t a t di fferent i n te rv a l s, I t ry t o u se v a c a t i on ti m e a ro u nd c on te st d ate s. I a lso t ry to en c oura g e my fe llo w co wo rkers to ea t pro perl y and to e xe rc ise or I try to ge t the m t o j og a fte r w ork On e c owo rke r ha s t ak en m e u p on th at a nd w e jo g th e bri dg e wh en ev e r w e c a n." She te ll s us thi s is th e first tim e s he ha s w o n T h e B o d y F i tn e ss At h l e t e o f th e Y e a r a w ard a t the B a ha ma s B o dy bui ld ing Fitne ss Fe de rat ion (B BF F) c omp et iti on a nd sh e h a s a l so w o n b od y b u il d e r o f t h e y e a r a fe w t im es be fo re ov e r th e ye a rs. I sta rt ed o u t a s a b o d y b u i l d e r a n d s w i t c h e d t o f i g u r e w he n I m ad e my c o me b ac k in 2 00 8 ." W he n pr ep a ri ng f or c on te st su c h a s th at on e, J an w ork s o ut m ai nly at B od yZ o ne a nd trai ns a t C lu b O ne B ah am as f orm al ly B a lly 's Tota l Fi tne ss a nd My stic a l Gy m. "I t rai n 7 days a week leadi ng in to a w e ek ou t fro m a sh ow I ad d re st d ay s i f n ee de d. I in c rea se my ca rdi o to bu rn fa t a nd m ak e sure tha t my d ie t is ve ry c le an t h e l a s t f e w w e e k s o f a sh o w T h e g o a l i s to stri p o ff a s mu ch bo dy fat as p ossib le It' s h el pfu l t o h av e a trai ne r, tea mm at e or a f r i e n d t h e r e t o h e l p y o u b e c a u s e y o u r e n e r g y lev el is some time s low a nd they g ive y ou th at e xt ra push ," sh e sa id. O u r d i e t i s v e r y i n d i v i d u a l a n d d e p e n d s o n t he pe rson 's b ody t yp e. So me pe op le d o n t r e a l l y d i e t p e r s e b e c a u s e t h e i r m e t a b o lism is so fa st. The y usu al ly ha ve to c on su me la rge a mo unt s of foo d j ust t o h old th eir siz e. Fo r o thers the y do a li ttle of f se aso n w h ere the y ea t a w ide r v ari et y o f fo od sthe c l ea n up t he d ie t or el im ina te c e rta in f ood s on c e t he y sta rt t he ir c on te st prep. Contest prep will be e as ie r if you c on t ro l w h a t y o u e a t a n d d o n t a ll o w y o u r se lf t o ga in to mu c h bo dy f at i n yo ur of f se aso n. S ome pe opl e di et y ea r ro und ." G i vi n g a d vi ce f o r Ba h am i a n wo m e n w anting to start body building, she s aid th e ma in th ing i s f or t he pe rson to li nk up w it h a not he r b od y bu il de r tha t c om pe tes, S he g ot c onn ec te d w ith Mr Fli nt B ridg e w at e r a w ell known body bu ilder fro m F r e e p o r t Apa rt fro m the Ba ha m as, sh e w on se v e ral me ta ls a nd a w ard s at show s th rou gh o ut the y e ars in ju st t o n am e a fe w pl ac e s Berm uda, Ar ub a, Co st a Ri c a Jamai ca, B a rba dos B el iz e Flo rida N ew Yo rk a nd D a l l a s Wh en a s k ed how lon g she pl ans to stay in the fitne ss wo r l d, M s Joh nson sai d she w ant s to be fit for li fe.' "I h ave s een the benef its of diet an d e xe rci s e an d I th ink th at I am a n ex am ple t o o th e rs i n m y a ge b ra c k e t th a t i t h e lp s to slow d own the ag ing proc ess." She w ent on to s a y that The Ba ham as h a s e x c e l l e nt b od y b u il d e rs a n d f i tn e ss at h le tes that have proven tha t they c an be t h e be s t i n o u r re g i o n t im e a n d t i me a g a i n. W e a r e t h e b e s t a n d I a m n o t t a k i n g a w a y f rom an y o the r c ou nt rie s at hl et es b ec a use t h e y c o m e re a d y a n d t h e y a re g o o d a n d w e h a v e c o un tri e s w e k no w w e h av e to w a t c h o ut for, but the only w ay w e a re n ot the b est i s if w e don't c arry our A Tea m. We are no t always abl e t o tak e an A team b ec ause th ere are athle tes wh o dec ide to sit o ut for vario us r e asons but i f w e h ave o u r A T ea m we d a ng e r o u s R a y mo n d Tu cke r h as wo n mo r e met al s p ro ba bl y th an any othe r CAC a thle te th r o ugho ut o ur reg ion." "W e are no t rec og nised on the l eve l as o the r ath let es. W e h av e pro b oby bu ild ers and Fit nes s. When I come th rou gh our i nterna tiona l a irport I w ould like to see Ba h am i a n b o d y b u i ld e r s l i n e d o f f wi t h e v e r y b o d y e l s e W e h a v e t h e s a m e p r i d e a s a n y b o d y e l s e w h e n w e t r a v e l i n t h e B a ham as uni form w ith the Ba ha mas fl ag. W e c r y th e s a me tea rs w hen we d o w el l a nd we wa nt th e sa me re spec t. "It ta kes a w hole lot of pe ople 's hel p f or m e to rea ch w he re I h av e in my body b uildi ng ca reer and w ith co ntest prep for e ac h show I hav e to do a ge neral than k y ou bec a use the nam es a re m an y. Th an ks to Phil' s Food Servic es for his d onatio n w i th r eg a rds t o he l pi ng a b od yb ui ld er a n d a littl e o f the funds tric kle d dow n to me. S pons o r ship is s o important to all of us s o I e n c o u r a g e c o rp o r a t e s p o n so r s t o a s si s t w h en ev e r p ossi bl e, y o u ne ve r kn ow w he n y ou m igh t nee d a go od pe rs o nal tr a ine r A l s o m e n t i o n g o e s o u t t o E d w a r d o Tho mpson w ho k eep s m e in jury fre e an d D ebbie R icha r dson w ho ge ts me to the p lac es w he r e I ne ed to be ." WOMAN THE TRIBUNE TUESDA Y JANUAR Y 25, 201 1, P AGE 1 1B T O DISCUSS ST ORIES ON THIS P A GE LOG ON T O WWW .TRIBUNE242.COM By ALESHA CADET Tribune Features Reporter A L T HOU GH i t c an be on e of t h e h ardest m ent al c h all en g es a p erson c an p ut th em selves th roug h Jan Joh nso n h as ne ver h ad a du l l m om ent i n h er body bui l d ing c are er. And just last y ear, th e 46 -y ear-old banke r adde d ano th er fea th er in he r body build ing c ap wh en she won T h e Body Fi tn ess Ath let e of t h e Year award at t he Bah amas Bod ybu ildi ng Fit ness Fed erat ion (BBFF ) c o m p e t i t i o n BEAUTY ALL AROUND THE WORLD Jan Johnson has competed in numerous competitions around the world such as Australia, Belgium, Italy, New York, Florida, Texas, Bermuda, Costa Rico. She has made several guest appearances in Belize, Jamaica, Puerto Rico, Aruba, and Barbados. P ASSION Even though she works as a banker it does not interfere with her passion for bodybuilding.

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SECTION B HEAL TH: Body and mind T U E S D A Y J A N U A R Y 2 5 2 0 1 1 IS IT OKA Y TO SNOOP? By JEFFARAH GIBSON Tribune Features Writer L EON Walker thought he was only validating his suspicions of his wife's affair when he went through her e-mails. But little did he know the possibility of facing five years in prison for snoop ing existed. In th is po te nti al p rec e de ntsett ing c ase wh ic h bro ke l at e la st y e ar, t he Mi ch ig an ma n w ho is a lso a c om put er t ec hn ic ia n i s b e i n g c h a r g e d w i t h f e l o n y m i s u s e o f a c o m put er. Pro sec ut ors i n th e ca se a rgu e t ha t W a l k e r i l l e g a l l y h a c k e d i n t o h i s w i f e s c o m put er af ter she f ile d fo r di vo rc e. H o w e v e r h e c l a i m s i t w a s re l a t i v e l y e a s y t o g e t t h e p a ss w o r d t o h e r a c c o u n t b e c a u se she ke pt it i n b ook n ex t to he r c om put er. H i s a t t o rn e y s a i d c l a i m s m a d e b y t h e P ro s e c u t i o n i n t h e m a t t e r t a k e s th e l a w o f c o m put er a bu se ou t of co nte x t as i t is re al ly me an t to pro tec t trad e se c ret s an d c re di t da ta. F rom th is c as e a n um be r q u es ti on s a ris es i n reg a rds to priv a cy be tw e en s pou se, wh at i s a cc e pt ab le a nd w ha t i s n ot. W a s i t m o ra ll y a c c e p ta b le f or M r W a l ke r t o sn o o p th r o u g h h i s w i f e s e -m a i l s e v e n i f h e h a d a g o o d e n o u g h r e a s o n t o d o s o I s i t o k a y t o g o t h r o u g h y o u r p a r t n e r s e m a i l s c e l l p h o n e h a c k t h e i r f a c e b o o k a c c o u n t s o r e v en re ad le tte rs a dd resse d to the m w i tho ut pe rmi ssio n? Tri b un e Wo m an sp o ke to a fe w p e rso n s g a v e d i f f e r e n t p o i n t o f v i e w s o n t h e i s su e o f s n o o p i n g I f t h e y do n t g i v e y o u t he p e rm i s si o n t o d o so I say l ea v e it a lo ne c au se the ne xt t hin g yo u kno w th ey e nd u p l ik e thi s m an w ho m i g ht fa c e ja i l ti m e fo r th i s, o ne p e rs o n w h o w i s h e d t o r e m a i n a n o n y m o u s s a i d Is th ere e v er a g oo d en oug h rea son to sn oo p a t al l? Jonae Rec kley s aid t ha t if she is in a r e l a t i o n s h i p a n d s h e i s n o t g i v e n a r e a s o n t o sn oo p t he n she w on 't. "I wo ul d on ly sno op if I h ad rea son to s n o o p o th e r t h a n t ha t n o b e c a u se in a re l a t ion shi p t he re sho uld b e trust ," sh e sai d. Ho w ev er sh e sa id tha t if the re e v er w a s a si tu a ti on w he re sh e w as le ft fe e li ng i ns ec u re in th e rel at ion shi p t he n she w ou ld. "If the guy g ive s me a rea son to stop t r u s t i n g h i m t h e n I w o u l d A l t h o u g h i t m a y v io la te hi s rig ht s to p riva c y I w o uld sti ll d o i t to prot ec t my sel f fro m fu rth er h urt, sh e ex pl ai ne d. If s he s us pects her pa rt ner i s se eing so meone else, Janine Clarke pr efer s to c on fron t h er pa rtn er tha n go sn oop in g. "I d o no t a gre e wi th t ha t a t al l. If y ou h av e th e fe el i ng so me ti me i ts n ot fa r fro m the tru th. I would not go thro ugh t heir p h o n e o r e m a i l o r a n y t h i n g l i k e t h a t b e c a u s e I m i g h t j u s t f i n d so m e th i n g a n d b e d isa ppo in ted b y al l tha t, she sa id St a c e y S im m s* s a ys sh e p re fe r s t o k n ow w ha t is g oi ng on so i f it m ea ns sn oo pin g th at is som et hin g she j ust ha s t o do. "I h av e b ee n th rou gh a ll of th is. At on e p o in t I th o ug h t th a t m y e x b o yf ri e n d w a s c h e a ti n g a n d I w e n t t h r o u g h h i s c e l l p h o n e I checked h is e-mail s. I did everyt hing. E v en w en t a s far as fol lo wi ng h im w he ne ve r he le ft the hou s e and I did in fac t f o u n d o u t t h a t h e w a s s e e i n g s o m e o n e e l se It m ay no t be rig ht, bu t c ryi ng my sel f to s le ep eve ry n ig ht an d ha vin g a b r ok en h ea rt w a sn' t ri gh t ei the r." Va le nt ino Ra hm in g sa id : I don 't thi nk i ts o ka y to sn oo p o n y o ur p a rtn e r be c a u se w he n yo u're i n a re la ti onsh ip it re qui res t h a t y o u tr u st y o u r p a r t n e r. S n o o p i n g b a si c a lly show s ho w in sec u re the pe rson is or th e la c k of tru st tha t the y ha v e in th e ot he r in di vi dua l. If the re is a si tua tio n t ha t's g oi ng on tha t m ak e s yo u su spi ci ou s, t he re i s n o n e e d t o sn o o p, j u st a sk q ue s ti o n s a n d from the respon s e th at you ge t y ou ca n ma ke a de ci sio n," he sa id. Tere sa Bi sho p sa id she w il l n ot snoo p bu t h as ha d it do ne to h er be fore My ta k e i s th is, if yo u h a ve d ou bts y o u do n't rea ll y n ee d to c he c k, c onf ront yo ur partne r and ask to se e th e p hone, or ema il i f the y de ny y ou t he n th at i s co nfi rm a t i o n Ma tt er of fa ct I w e nt on a l un ch d ate re c e nt l y I w e n t to t h e re st ro o m a n d c a me b a c k q u i c k l y a n d m e t m y d a t e g o i n g th roug h my p hon e an d I tol d him th at he c ou ld lo ok be c au se I di dn 't h a ve a ny th ing to h id e B ut it tu rn s o u t t ha t h e w a s se e i ng tw o o th e r p e o pl e so h e w a s b ei n g in se c u re be c au se he kne w w ha t he w a s doi ng ," she e x p l a i n e d T h o u g h t h e re m i g h t n o t b e a r e a s o n t h a t ju stif ie s sn oo pin g, som e p eo ple fe el tha t be in g in th e kno w an d rel ie vi ng th em se lv e s of hu rt a nd pa i n i s the i r on ly j ust ifi c a t i o n Has anyon e sn oop ed on y ou ? Hav e y o u sn o o pe d on a n yo n e ? If so e -m a i l u s a t featur e s @ t ribunemedia.ne t or c all us at 502-2373 and tell us your story. Names have been changed. CAUGHT : Leon Walker thought he was only validating his suspicions of his wife's affair when he went through her e-mails. T H E T R I B U N E