Citation
The Tribune.

Material Information

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

Subjects

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

Notes

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

Record Information

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

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Full Text
THE TRIBUNE

WEDNESDAY, FEBRUARY 16, 2011, PAGE 3



LOCAL NEWS



Investigators
unsure if town
fires are linked

By MEGAN REYNOLDS
Tribune Staff Reporter
mreynolds@tribunemedia.net

FIRE investigators
searching for the causes of
two fires yesterday are not
certain whether they are
linked.

As firefighters sought to
contain the massive fire
that started at Betty K
Agencies Ltd in East Street
before 8am and spread
through the block of build-
ings onto Bay Street,
another blaze ignited at an
abandoned building next to
the Masonic Hall on Bail-
lou Hill Road just after
10am.

Superintendent of Fire
Services Jeffery Deleveaux
said resources were priori-
tised to battle the bigger
Bay Street blaze, and yes-
terday they continued to
dampen hot spots in the
Betty K Agencies Ltd
building where flames were
still burning.

The fire in Baillou Hill
Road destroyed the entire
top section of the two
storey building next to the
Masonic Lodge and caused
minor damage to the Lodge
Hall, Mr Deleveaux said.

Fire investigators are
searching for clues that may
give them any indication of
the cause of both fires yes-
terday, and a police source
said it seems more than a
coincidence there were two
fires yesterday.

However he refused to
speculate as to what the
cause of the fires might be.

Mr Deleveaux said inves-
tigators have not yet come
across any indication that
the two fires might be
linked.



He said: “It’s going to be
extremely difficult because
the buildings have been
destroyed.

“So we will do interviews
to help us establish the
cause of the fire.

“We have investigators
out there in the field, and I
would not like to pre-empt
what they are doing.

“But based on the infor-
mation we have, we are not
sure whether they are
linked.

“So we are not saying
they are not linked, but we
are not saying they are
either.”

Tribune photographer
Felipe Major was the only
person injured in the fires,
but Mr Deleveaux and oth-
er firefighters had a close
call when they were work-
ing to extinguish the fire on
the northern wall of the
Betty K Agencies building
and it collapsed on Mon-
day afternoon, he said.

DOWNTOWN BUSINESSPERSONS SAY FASTER
RESPONSE, BETTER ORGANISATION NEEDED

By LAMECH JOHNSON

AFTER the devastating fire that destroyed the Betty K
building and others along East Bay Street on Monday, down-
town businesspersons told The Tribune that a faster response
time and better organisation is needed to prevent such signif-
icant damage in the future.

Josh Tynes, an employee at a store west of the Betty K
building, believes the response was not quick enough and that
some procedures should be implemented before the next inci-
dent takes place.

"T believe that we should have a port that is close enough or
something, whereas we can get that speedy service,” he said.

John Bull's Bay Street branch supervisor, Dorothy Mar-
shall, also believes a quicker response is necessary, "from what
I've seen.”

The manager of Prestige Silver was present at his store when
the fire started and believes that it could have been better
handled. Herbert Bischof said: "I was here around 7.30 am
and the fire started shortly after but help didn't arrive until lat-
er.”

Many businesses ran on reduced hours on the day of the fire,
including Scotia Bank, which began business transactions at
noon.

Other businesses had no choice but to close up shop early and
lose business, with some of them already struggling in a tough
economy.

Beverly Thompson of Roberts Shoes witnessed the blaze
and said the firefighters focused on the buildings on East
Street. "I didn't see any trucks on this side. Maybe they were in
the back.”

That, she believes, along with the strong winds, allowed the
fire to cause so much damage.

The business owners and managers who spoke with The Tri-
bune admitted lacking knowledge of how fire fighters work.

However, having witnessed the event, and based on the his-
tory of fires on Bay Street, they believe better service is need-
ed.

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









































4 i a eS r

ABOVE AND BELOW: The remains of the Betty K Agencies Ltd
building pictured yesterday.

PHOTO/JESSICA ROBERTSON

ay
Wee malay
PHONE: 322-2157

Castrol

“QUOTE OF THE DAY”
TC
Hao

lowdeswell Street

Nan an tal

LEFT: Firefighters at the scene of the fire on Monday.
PHOTO/TIM CLARKE

"Listen to Soft Rock
For The Soul with Brad
Hanna on STAR FM
106.5, weekdays

3pm to 4pm."

Prowdly sponsored by
Bay Street Garage &
Castrol,

John 5. George

ih, Hi b Ff
Palmdale Buh Riche Bat Faust

NOTICE
OF RELOCATION OF
BETTY K AGENCIES
OFFICES

OPEN Wednesday Feb |7 at 8:00am

NE corner of Victoria & Bay Streets
ALL PHONE NUMBERS REMAIN THE SAME.

The next Betty K sailing
is arriving Thursday Feb 18
at the Arawak Cay Terminal.

BETTY K
AGENCIES

VICTORIA AVENUE

Regular sailings resume
as follows:
Nassau - 2 per week
as of Monday Feb 28
Abaco - | per week
as of March Ist.

BETTY K AGENCIES LTD

Phone 322-2142 ¢ 322-2875 322-2813
Freight Warehouse: 322-8926 Fax 322-6089







THE TRIBUNE WEDNESDAY, FEBRUARY 16, 2011, PAGE 5

LOCAL NEWS

President Kennedy
plaque mysteriously
ripped from casing

Item will now be repaired
and relocated to airport

By MEGAN REYNOLDS
Tribune Staff Reporter
mreynolds@tribunemedia.net



It will now be repaired by the AMMC and
relocated to the new US Terminal at the Lyn-
den Pindling International Airport in the sum-
mer of 2012.

The relocation plan had already been made
to comply with changes to the roads planned
by the Ministry of Works and so as to give
international visitors a greater opportunity to
see it.

A new Ficus Benjamina fig tree also will be
planted on the berm in front of the new ter-
minal as the one that took root in 1962 was not
kept in good health, Ms Oxley said.

The historic monument commemorates
President Kennedy and British Prime Minister
Harold Macmillan’s signing of the Nassau
Agreement after three days of meetings in
December 1962.

Under the agreement, the US was to provide
the UK with a supply of nuclear-capable
Polaris missiles in return for which the UK
was to lease the Americans a nuclear subma-
rine base in Holy Loch near Glasgow.

For more details and a video news report of
their meeting lo on to:
www.youtube.com/watch?v=r7kuX9xdPLU

A PLAQUE commemorating US President
John F Kennedy’s meeting in Nassau with the
Canadian and British prime ministers has been
mysteriously ripped from the cement casing it
stood in for nearly 50 years.

The casing has been smashed and the heavy
plaque was flung across the street — coming to
rest more than 50ft away from its original site.

Concerned drivers speculated that it might
have been struck by an out of control vehicle,
but noted that no other signs of an accident are
visible at the site.

A taxi driver alerted the Antiquities, Mon-
uments and Museums Corporation (AMMC)
when he noticed the plaque had disappeared
from its spot at the junction of Blake Road and
West Bay Street where President Kennedy
planted a fig tree to mark his visit.

AMMC historic preservation architect and
consultant Alicia Oxley said she recovered
the cracked plaque of polished granite near the
Cave’s Village shopping centre.

THE PLAQUE came to rest more than 50ft away from its original site.

MAN CHARGED WITH 2008 MURDER AND ATTEMPTED MURDER

A 21-YEAR-OLD Cat



Man charged with possession

of an unlicensed firearm

By DENISE MAYCOCK
Tribune Freeport
Reporter
dmaycock@tribunemedia.net

FREEPORT - An Aba-
co man was charged with
possession of an unlicensed
firearm in the Freeport
Magistrate’s Court yester-
day.

Zeno Higgs pleaded not
guilty to firearm possession
in Court Two before Mag-
istrate Andrew Forbes.

It is alleged that on Feb-
ruary 12, at Freeport, Grand
Bahama, the accused was
found in possession of a
firearm.

Higgs was remanded to
Fox Hill Prison until August
9, when he will return for
trial.

¢ A MAN shot by police
last week in Eight Mile
Rock was yesterday
charged with a number of
offences in connection with
a disturbance at Job Incor-
porated.

Neville Cox, 34, was
charged before Magistrate
Gwen Claude in the Eight
Mile Rock Magistrate’s
Court with stealing from a
shop, assault with a danger-
ous instrument, assault of a
police officer, and resisting
arrest.

It is alleged that on Feb-
ruary 10, at Hanna Hill in
Bight Mile Rock, Cox
entered a store and stole
cash.

Cox was not required to
enter a plea to charges as
Magistrate Claude remand-
ed him to the Diah Ward at
the Rand Memorial Hospi-
tal for evaluation.

e AN Eight Mile Rock
man was arraigned on sev-
eral charges yesterday,
including stealing from a
shop, causing harm and
stealing from a vehicle.

Wondell Campbell, alias
Chad Martin, of Martin
Town, Eight Mile Rock,
pleaded not guilty to five
counts of stealing from a
shop and two counts of
stealing from a vehicle.

He pleaded guilty to caus-
ing harm. Sentencing will
be handed down at a later
date.

Campbell was remanded
at Fox Hill Prison until May
9.

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

One of the four women
charged with stealing from
three shops at the Interna-
tional Bazaar was convicted
and sentenced in Magis-
trate’s Court.

Shavone Cartwright, 31,
pleaded guilty to three
counts of stealing from a
shop on February 7.

She was charged with
three other women, includ-
ing Ingrid Cartwright, 38;
Shannekka Cartwright, 26;



eae
NEVILLE COX being escorted
to court.



and Bennika Beneby, 21, of

Freeport.

The three women had }
pleaded not guilty to the }
charges and their matter :
was adjourned to February }

16 for trial.

Cartwright was sentenced

to 30 days in prison.

On completion, she is to }
spend another 30 days at }
the Sandilands Rehabilita- :
tion Centre in New Provi- }

dence.



WONDELL CAMPBELL headed
to court for his arraignment.

McDonald's

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Island man was arraigned in
Magistrates Court yesterday,
charged in a 2008 murder
and the attempted murder
of a police officer last week.

Rodrigo Nigel Rolle of
Dumpfries, Cat Island, is
accused of the February 17,
2008 murder of Arville
Smith on Cat Island.

Rolle is also accused of
the 2011 attempted murder
of PC 3397 Thurston.

It is alleged that Rolle
shot Thurston in the but-
tocks with the officer’s own
gun during a scuffle outside
the Hotspot Restaurant and
Sporting Lounge in Cat
Island last Saturday.

Rolle was not required to
enter a plea to the murder
charge during his arraign-

ment before Chief Magis-
trate Roger Gomez in Court
One, Bank Lane.

He was also not required
to enter a plea to one count
of making death threats, and
one count of resisting the
arrest of Corporal 2131
McCoy. He pleaded guilty

to using obscene language
toward officer Thurston.

Rolle was remanded to
her Majesty’s Prison and is
expected back in court on
February 28.

At that time he is expect-
ed to appear on Court 11,
Nassau Street.

STABBING DEATH ACCUSED IN COURT

A 34-YEAR-OLD man accused of stabbing another man to
death last month was arraigned in Magistrates Court yesterday.

Police have charged Mario Thompson alias “Purple” of Mead-
ow Lane in the murder of Francoeur Etienne.

According to reports, Mr Etienne 38, of Mackey Street, was held
up and stabbed in the head by a man while walking on Wilson

Track on Wednesday, January 19.

Thompson, who was arraigned before Chief Magistrate Roger
Gomez, was not required to enter a plea.

He was remanded to Her Majesty’s Prison. The case has been
adjourned to February 22 and transferred to Court Five, Bank

Lane.

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PAGE 6, WEDNESDAY, FEBRUARY 16, 2011

THE TRIBUNE



LOCAL NEWS



BISHOP FRASER TAKES -

Queen’s College grief after

THE WITNESS STAND

By NATARIO McKENZIE
Tribune Staff Reporter
nmckenzie@tribunemedia.net

BISHOP Earl Randy
Fraser yesterday sought to
dismiss allegations made by
a young girl with whom he is
alleged to have had a sexual
relationship.

Bishop Fraser was back on
the witness stand yesterday
as his unlawful sex trial con-
tinued in the Magistrate’s
Court. Fraser, senior pastor
at Pilgrim Baptist Temple,
St James Road, is accused of
having unlawful intercourse
between July 2005 and Feb-
ruary 2006 with a 16-year-
old girl, whom he had agreed
to counsel.

The virtual complainant
had testified that on one
occasion Fraser gave her
$100, three pairs of gold ear-
rings and a Seiko watch
before he left to go on a trip
to London. She alleged that
Fraser had told her she got
the gifts because he loved
her and wanted to show her
that it was not only about
the sex. Fraser, however,
refuted the complainant’s
account. He told the court
yesterday that he had bought
the girl the gifts but claimed
that they were not all given
to her on one occasion. He
recalled that he had told the
girl about the London trip
which was related to his
involvement with a board at
the Broadcasting Corpora-
tion. Fraser told the court
that the gifts were not sexu-
al inducements. He also told
the court that the com-
plainant’s grandmother was
always made aware when he

had bought her gifts and
often thanked him.

“T saw myself as being a
helper. There was never any
hidden agenda. It wasn’t
strange for me to buy her a
gift. She was like one of my
children,” Fraser said.

Fraser admitted that the
complainant had been at his
house once. The com-
plainant alleged that she and
Fraser had sex there as well
as in his church office. Fras-
er claimed that one after-
noon around 5.30 pm, while
the complainant was doing
community service at the
church library, he drove the
girl and his youngest daugh-
ter to his Eastwood Estates
home. Fraser recalled that
he went back home because
he had forgotten his notes
for bible study that night.
Fraser recalled that the com-
plainant said that she wanted
to see his house and that it
was his daughter who led her
into the house and showed
her the upstairs bedrooms.

Fraser also denied the
allegation by the com-
plainant that they had had
sexual relations at the church
on the day of his consecra-
tion which he said was July
12, 2005. Fraser said this was
untrue as his consecration
took place in New Orleans
and the complainant was not
there. The trial continues
today. Fraser remains on
$10,000 bail. He is repre-
sented by attorney Jairam
Mangra. Darnell Dorsette
appeared for the prosecution
yesterday. The case is being
heard before Deputy Chief
Magistrate Carolita Bethell.

death of Dr Keva Bethel

By CELESTE NIXON
Tribune Staff Reporter
cnixon@tribunemedia.net

THE Queen’s college community has
expressed its profound grief at the death
of Dr Keva Bethel.

The school said its flag has been low-
ered to half mast as a sign that a great
woman and a great friend of Queen’s
College has died.

In a statement issued yesterday, the
school said: “Many individuals, families,
civic groups and national organisations
will be deeply affected by Dr Bethel’s
death. Queen’s College will be one of
them.

“The Queen’s College family extends
to Dr Nicolette Bethel, Edward Bethel
and their families, and the close friends of
Dr Bethel, our sympathy and prayers.”

An Anglican by denomination and a
Methodist by educational affiliation, Dr
Bethel’s association with the Methodist
school spanned many decades.

She was a student at Queen’s College,
and graduated in 1950 with the school’s
highest academic award.

Dr Bethel served for more than 30
years on the QC board of governors, and
in July of this year was inducted into the
Queen’s College Hall of Fame.

The school said Dr Bethel served on
the board “as though Queen’s College
were her own, almost as though she was
herself responsible for the casting of the
vision for the the school and the imple-
mentation of its mission, which together
have guided the growth of Queen’s Col-
lege in its journey toward excellence and
its inclusive educational policies.”

Dr Bethel played an active role in the
selection of teachers and administrators
for all sections of the school, and gave
wise advice that proved vital in both
times of tough decisions and in the day-
to-day administration of the school, the
statement said.

QUEEN’S COLLEGE pays tribute to Dr Keva Bethel.

“Her level of influence, her vast expe-
rience in education and her integrity as a
human being heightened the value of her
advice and council,” it said.

The QC Board of Trustees also issued
a statement extending its condolences to
the family of Dr Bethel.

It said: “Through out her life, Dr
Bethel’s actions demonstrated her com-
mitment to the development of education
in the Bahamas, her love of country and
her devotion to instilling a love of lifelong
learning among young Bahamians. Dr
Bethel’s legacy will continue through the
lives of the numerous students she has
influenced; and through the work of the
many organisations and institutions to
which she has contributed.”

A memorial book has been set up in
the QC highschool library for staff, stu-
dents, board members and alumni to
offer words of condolence to her family.





FNM councilman claims
he was paid for silence

FROM page one

to this date, the source said that he was speaking out at this
time after discovering that the terms he had negotiated was
set to be ended “at the next convention.”

“At the convention, concessions were made. Gentlemen
agreements were met, and I, like my colleague have lived up
to our part of the arrangement. If they feel that they can do
this to me, after all that I have done, they have another
thing coming,” the source added.

The amount of funds agreed to, the source explained,
was reportedly in the “high five figures.” This amount, he
said, was reached with a high ranking member of the party.
At no time, he said, were any agreements struck between
himself and Prime Minister Hubert Ingraham, who leads the
FNM.

Attempts to reach the chairman of the party, Carl Bethel
were unsuccessful up to press time last night.

Cc

COB academic community deeply saddened

By CELESTE NIXON
Tribune Staff Reporter
cnixon@tribunemedia.net

THE academic community
at the College of the Bahamas
is deeply saddened by the loss
of President Emerita and
scholar-in-residence, Dr Keva
Bethel.

The college issued a press
statement yesterday express-
ing its deep sense of loss over
the death of Dr Bethel, who
made an “enormous impact”
on the institution.

It said: “For so many years
the college’s image was her
image. The college’s strength

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was her’s. The virtues that
guided and sustained our insti-
tution, were a reflection of her
own.

“Tt was through her thought-
ful and visionary leadership
that the college enjoyed
tremendous growth and
advancement.”

Dr Bethel was the college’s
Ath principal, a position she

In 1995, she became the first
president of a newly
autonomous college, retiring
in 1998.

In 2007 she completed what
is today referred to as the col-
lege’s “Bethel Report”, a study
of the governance structure at
the institution which, going for-
ward, will be a key factor in
completing the COB’s transi-

In 2009 she was named one
of the college’s first scholars-in-
residence.

The COB © statement
described Dr Bethel as “a gen-
tle and generous spirit” who
will be “forever remembered
for the warmth and kindness.”

“Dr Keva Bethel’s legacy is
forever etched in the founda-
tion of our great institution,” it

held from 1982 to 1995.

FROM page one

ate, Dr Bethel received her Masters degree in for-
eign languages from Girton College in Cam-
bridge, England. Furthering her academic career,
she received a doctorate degree in educational
administration from the University of Alberta
in Canada.

Her celebrated 50-year career in the educa-
tion field begun as a teacher at Government
High School from 1959 to 1975, and culminated
ina 16-year tenure as president of the College of
the Bahamas, becoming the first Bahamian
woman principal of the institution in December
1983 where she had been acting head for almost
16 months.

She retired in 1998, though remained involved
in the life and development of the College up to
the time of her recent illness.

In retirement, she has served as chairwoman
for the National Advisory Council in Education
and the Education Committee of the govern-
ment’s Student Loan Programme. She was also
on the board of directors at Doctor’s Hospital and
a member of the hospital’s foundation for the
last ten years.

In a statement released yesterday afternoon,
the Prime Minister described Dr Bethel as a
“warm, caring and generous woman, an extraor-
dinary Bahamian who was dedicated to the edu-
cation and advancement of all Bahamians, and to
the promotion and preservation of our culture as
well as to our overall national development.”

Mr Ingraham said many thousands of Bahami-
ans have benefitted from Dr Bethel’s tireless
commitment and contributions.

He said Dr Bethel lent her considerable expe-
rience and knowledge to a number of Bahamian
institutions, including Queen’s College, The
Lyford Cay Foundation, Bahamas Supermarkets
Limited, Safe Bahamas, Doctor’s Hospital, Cable
Bahamas Ltd and the Finance Corporation of
the Bahamas Ltd.

“Dr Bethel was one of our truly great citizens:
devoted, honest, loyal and steadfast. Her life’s
accomplishments and her warm spirit are forev-
er etched in the annals of our history and in the
hearts of countless Bahamians,” he added.

Doctor’s Hospital CEO Charles Sealy issued a
statement on behalf of the hospital to convey
condolences to the children, family and friends of
Dr Bethel.

It said: “We are saddened by the death of a
women who inspired us all, and whose knowledge
and contribution to the Bahamas was truly excep-
tional.”

The statement said: “The example she has set
for us will always exhort and remind us to con-
tinue the struggle for humanity, education, peace,
and a better Bahamas to which Dr Bethel had
dedicated her entire life.

“We have lost a great woman, colleague, men-
tor and friend.”

The Progressive Liberal Party also released a
statement expressing condolences.

It said: “Our party expresses its condolences to
her family at this very sad time. Dr Bethel was a

tion to university status.

said.

Tributes pour in
after death of
Dr Keva Bethel

pioneer in Bahamian education, a stalwart
Bahamian patriot dedicated to the development
of the intellectual talent of our country.”

The opposition party said Dr Bethel embodied
the “essence of public service, love of country
without fear or favour.”

The National Congress of Trade Unions of
the Bahamas (NCTUB) president Jennifer Isaacs
Dotson said Dr Bethel’s “unselfish and invaluable
contribution to the growth and development of
the Commonwealth of Bahamas has molded
thousands of Bahamian citizens into successful
and productive members of society.”

Dr Bethel is survived by two children, Nicolette
Bethel-Burrows and Edward Bethel, a son-in-
law, Philip A Burrows, a daughter-in-law Tasha
Honey-Bethel, a grandson Jaxon Elijah Bethel
and other family members, including cousins,
nieces and nephews and a many friends and col-
leagues.

Men discharged

FROM page one

al can still bring charges against the pair if any
new evidence is discovered.

Mr Vardoulis, 31, was shot and killed on April
12, 2007 at his residence in Bahama Reef Boule-
vard.

The businessman had just arrived home some-
time after lam when an assailant opened fired on
him as he pulled up to the driveway in his Chevy
Impala.

Mr Vardoulis, also known as “Konky,” was
the owner of Grand Bahama Food Company and
the Chicken Farm.

Two months after his murder, police charged
Ferguson and Knowles with murder.

Mr Shurland said the case was “extremely
weak” against his client. He was very pleased
that the Attorney General decided to discontin-
ue the matter before trial.

“T was astonished that the Attorney General’s
Office would proceed with the case via a volun-
tary bill of indictment when, from the outset, the
case was extremely weak.

“Had they proceeded to trial...it could have
been very embarrassing for the Attorney Gener-
al,” he said.

Mr Ducille also felt that there was no evidence
against his client. He believes that the Attorney
General did the proper thing by discharging his
client of the charges.

“T think it is a very good idea where there are
cases that you know inevitably will result in an
acquittal that the AG gives the initiative and gets
it out of the system.”

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



THE TRIBUNE WEDNESDAY, FEBRUARY 16, 2011, PAGE 7



LOCAL NEWS

POSTAL SERVICE ISSUES VICTOR SASSOON HEART ae STAMPS
COMMEMORATIVE
VICTOR SASSOON HEART
FOUNDATION STAMPS





By BETTY VEDRINE

THE Bahamas Postal Service
has issued a commemorative
postage stamp to highlight the
50th anniversary of the Victor
Sassoon Heart Foundation.

The stamp is being issued in
denominations of 15 cents; 50
cents; 65 cents and 70 cents.

The Sir Victor Sassoon
(Bahamas) Heart Foundation
has helped thousands of chil-
dren in the Bahamas who suffer
from heart disease. It has fund-
ed clinics which identify heart
problems in children and when
needed, the Foundation has
paid for the heart surgeries that
have meant a full life for many.

The Foundation was created
after Sir Victor Sassoon Bart,
GBE died from heart compli-
cations in 1961.

His widow, Lady Sassoon,
requested that in lieu of flowers,
donations were to be made to
the local heart associations in
his memory.

After finding out from the
Princess Margaret Hospital that
such associations did not exist in
the Bahamas, Lady Sassoon
took it upon herself to create
one.

In addition to paying for life-
saving surgeries for children,



MINISTER FOULKES introduces Ambassador Avant to the Grand

the Foundation has purchased
diagnostic machines and items
to promote heart care for the
hospital. The Sassoon Heart
Foundation is an all-volunteer
organisation.

As a part of fundraising
efforts, the Foundation hosts
the annual Heart Ball. The ball
has been held every February
for the past 47 years.

Sir Victor was born to a fam-
ily of merchants and bankers
who lived in India and England.
In the 1920s, Victor Sassoon
moved to Shanghai, China,
where he established most of
his own business enterprises.

War broke out in the late
1930s and he was forced to flee,
travelling throughout the world.
After the war, Sir Victor re-
established his business empire
in the Bahamas, England and
South America. He also dedi-
cated himself to his passion for
horse racing. He was very suc-
cessful at this endeavour and
his horses won the English Der-
by four times in eight years. He
married the former Evelyn
Barnes (Lady Sassoon) in 1959.

Lady Sassoon founded the
foundation in his honour in 1961
after his death. It is now one of
the most respected charities in
the Caribbean.

}

e

Bahama Children's Home residents.

US AMBASSADOR
Nicole Avant made her
third visit to Freeport last
week, where she spoke to
female high school stu-
dents, met with govern-
ment officials, and visited
the Grand Bahamas Chil-
dren’s Home.

Ambassador Avant also
gave the keynote address
at the Grand Bahama
Chamber of Commerce’s
annual banquet and instal-
lation, where she encour-
aged Grand Bahamas’ busi-
ness leaders to continue
investing their time and
energy in the most precious
resource in the Bahamas —
young people.

Ambassador Avant
began her visit at the
Freeport Container Port,
where she met with 14
female students from pri-
vate and public high
schools throughout
Freeport who had just com-
pleted a tour of the site to
learn about a number of
key positions currently
being held by women.

During the dialogue,
each student had an oppor-
tunity to ask the ambas-
sador questions, which
ranged from inquiries
about her official duties to
how she maintains a work/
life balance.

Ambassador Avant
spoke with students about
her experiences as a busi-
nesswoman, as a mother
and as President Obama’s
personal representative in
the Bahamas. She recalled
her father, who encouraged
her to create her own way
in the world.

“It’s no longer about
breaking into the boys
clubs, but about creating
your own clubs,” Ambas-
sador Avant told the girls.

Following the student
dialogue, Ambassador
Avant met with the Minis-

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



ter of Labour and Social
Development, Senator
Dion Foulkes and Grand
Bahama’s Island Adminis-
trators, Don Cornish rep-
resenting the Freeport Dis-
trict; Bradley Armbrister
representing the East
Grand Bahama District;
and Angela Pratt-Rolle
representing the West
Grand Bahama District.

They discussed potential
partnerships to support
ongoing efforts to revitalise
Freeport and other areas
on Grand Bahama.

After the meeting, Min-
ister Foulkes accompanied
Ambassador Avant to the
Grand Bahama Children’s
Home where she met the
staff, toured the home and
interacted with the young
residents.

In honour of Black His-
tory Month, Ambassador
Avant donated a collection
of books with African
American themes to
encourage the 28 children
to immerse themselves in
the joy of reading.

On Saturday night,
Ambassador Avant made
her speech to Grand
Bahama Chamber of Com-
merce, which focused on
the theme “Building a bet-
ter community with excel-
lence.”

The Ambassador encour-
aged Bahamian business
leaders to partner with
local schools and the Min-
istry of Education to ensure
that the next generation is
fully equipped to compete
in a global economy.

“When a country invests
in its youth, it benefits both
socially and economically. I
applaud all of the business
leaders here tonight who
are working publically and
privately to support the
aspirations of young peo-
ple throughout the
Bahamas,” she said.

@7

|

eS

er
00 p.m.

PLP Rally Site
Prince Charles Drive



%

The Progressive Liberal Party





PAGE 8, WEDNESDAY, FEBRUARY 16, 2011

THE TRIBUNE





A special conservation
zone for blue holes

By LARRY SMITH

THE Bahamas is like a
piece of Swiss cheese, sci-
entists say. Our limestone
bedrock is riddled with
cracks and fissures, and
everything is tidally con-
nected.

Ages ago, when sea lev-
els were lower, rainfall
eroded the limestone to
form extensive under-
ground caverns. These
were described on land as
early as 1725, by the Eng-
lish naturalist Mark Cates-
by. The marine caves we
call blue holes were first
recorded on charts in 1843.

But it is only in the past
50 years or so that we have
been able to visit the
"enchanted voids" of this
mysterious interconnected
underworld. In fact, experts
describe blue holes as a
final frontier — the last
unknown places on Earth
that humans can physically
go to explore.

And explorers are mak-
ing unprecedented discov-
eries in Bahamian blue
holes, especially on Abaco,
where Dan’s Cave has bro-
ken all records for an island
cave at well over 30,000
feet in length. It is now the
longest cave system in The
Bahamas.

At over 10,000 feet in
length, nearby Ralph’s
Cave is the second longest
underwater cave system in
The Bahamas. It contains
the most intricately deco-
rated passages of any caves

Head of
the Class!

“Scientists are

understandably worried
about the impact that
large-scale development
will have on these fragile

ecosystems.”



on Earth, wet or dry, with
massive crystal formations
of every shape and descrip-
tion.

Recently discovered
Nancy’s Cave has produced
significant archaeological
finds and fossils. This cave
currently has 1,400 feet of
explored passages and is lit-
tered with the bones of
ancient crocodiles, tortois-
es, birds and bats.

The unique water chem-
istry in Sawmill Sink has
preserved the earliest
Lucayan bones (dated to
about a thousand years
ago), more than 54 individ-
ual crocodile skeletons, 13
extinct tortoises (com-
pletely new to science),
hundreds of birds (some
new to science), bats,
snakes, lizards and fish.
This material is currently

re-writing Bahamian pre-
history.

Reel Breaker Blue Hole,
near the Crossing Rocks
community dock and boat
ramp, contains more than
5,500 feet of circuitous pas-
sages. It and other offshore
sites help to fill and drain
the large expanse of flats
on the west coast known as
the marls.

These blue holes are
part of a nine-mile area of
Crown and Treasury land
in South Abaco that
experts are seeking to pro-
tect as a special conserva-
tion zone. The area

includes at least 17 cave
entrances and extends west
from the Abaco Highway
to an offshore area of man-
grove channels and mud
flats. All told, these sites
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THE BLUE HOLES are part of a nine-mile area of Crown and
Treasury land in South Abaco (dark area) that experts are seek-
ing to protect as a special conservation zone.

miles of underwater pas-
sages, with thousands of
feet of new passages being
discovered every month.

A conservation proposal
has been developed by the
Bahamas Caves Research
Foundation, a team of
world class explorers, sci-
entists and educators based
on Abaco. Over the past
year, the Foundation, the
Bahamas National Trust,
Friends of the Environ-
ment, and the Antiquities
Corporation have been
holding town meetings,
conducting surveys and col-
lecting signatures of sup-
port.

The proposal will be sub-
mitted to government with-
in the next few weeks fora
decision.

According to Universi-
ty of Florida biologist, Dr.
David Steadman, quoted in
a recent article in Diver
Magazine, “If we don’t pro-
tect places like this, then
the bulldozers will arrive
without warning. The dam-
age they will do in a day
cannot be reversed in a mil-
lennia.”

Expedition

Steadman was part of a
scientific expedition spon-
sored by National Geo-
graphic and the Antiquities
Corporation in 2009 to doc-
ument the discoveries. And
between the Nova televi-
sion documentary and the
August 2010 National Geo-
graphic magazine cover
article, more than 40 mil-
lion people worldwide were
exposed to the treasures
being found in Bahamian
blue holes.

"These sites are now rec-
ognized by top explorers as
the world's most highly
decorated underwater
caves, with massive crystal
columns over 30 feet in
height and diameter," the
conservation proposal says.
"Underground rooms the
size of baseball fields are
found throughout the sys-
tems (and) the fresh water
lenses of the islands sup-
port systems of unique
cave-adapted marine life
found nowhere else in the
world."

Research in these caves
has focused on evidence of
past climatic conditions;
studies on crocodile, tor-
toise, bird and bat fossils;
tracing tidal movements of
sea water through the sys-
tems; dating dust from the
Sahara desert deposited in
the Bahamas over hun-
dreds of thousands of years;
and cataloguing new
species, including bacterial
colonies thought to be rep-
resentative of first life
forms on Earth.

The Antiquities Corpo-
ration has also partnered
with the University of
Florida at Gainesville’s
Florida Natural History
Museum to catalogue, pre-
serve and archive the
extremely fragile and valu-
able material that is being
brought to light from
Sawmill Sink and other
caves.

Scientists are under-
standably worried about
the impact that large-scale
development will have on
these fragile ecosystems.
The conservation proposal
is a preemptive effort to
ensure that the land above
these sites will never be
destroyed or modified.

"All cave life, fossil
preservation, and archaco-
logical material preserva-
tion is directly dependent
upon the unique water
chemistry of Bahamian
blue holes," the proposal
says.

"Since the organic sur-
face matter is the building
block of the entire biologi-
cal process, it is of utmost
importance that all vegeta-
tion found near the
entrances to blue holes, as
well as vegetation found
above the underground
passages, be kept in a pris-
tine condition."

While traditional fishing
and hunting could contin-
ue in the conservation
zone, Scientists want to
keep the pine forest, blue
holes, tidal creeks, logging
roads and mangrove areas
as they currently are, while
promoting them to the
tourism industry as one of
Abaco’s great natural won-
ders, and encouraging par-
ticipation by local Bahami-
an entrepreneurs.

Once the protected area
is established, a manage-
ment plan will be created
by The Bahamas National
Trust in consultation with
The Bahamas Caves
Research Foundation, the
Antiquities Corporation,
Friends of the Environment
and local stakeholder com-
munities.

"In the past, the value
of blue holes and associated
habitats was not fully
known," the proposal says,
“and they have been mis-
treated through dumping
and sewerage contamina-
tion. We now have a
chance to take a step that is
proactive, instead of reac-
tive, in conserving these
irreplaceable treasures."

The Bahamas Caves
Research Foundation is
also compiling a national
blue holes database for the
Department of Marine
Resources, the BEST Com-
mission and the Antiquities
Corporation. About 260
sites have been identified

so far on 14 islands (Grand
Bahama, Abaco, New
Providence, Andros, Berry
Islands, Exuma Cays,
Eleuthera, Long Island,
Ragged Islands, Cat Island,
Mayaguana, Little Inagua,
and Inagua).

Diving into
the Sargasso Sea

The Bahamian archipel-
ago lies on the edge of the
Sargasso Sea. This area has
been described as an ocean
within an ocean, bounded
by a vortex of swirling
ocean currents—a place
where huge mats of sea-
weed drift on the high seas
and shelter a unique com-
munity of open ocean ani-
mals.

University of Miami
marine ecologist Dr Kath-
leen Sullivan Sealey (a for-
mer dean of the College of
the Bahamas science divi-
sion) is currently travelling
on a research vessel oper-
ated by the California-
based Schmidt Ocean Insti-
tute to study the animals
that live at the surface of
the Sargasso Sea, and also
those that live on the deep
seafloor, thousands of feet
below.

On February 6 the
research vessel left the
Canary Islands for Bermu-
da on the first leg of its
cruise, and will cross the
Sargasso Sea from north to
south, coming to port in the
Bahamas later this month.
Sullivan Sealey is part of
an interdisciplinary team of
scientists led by Monterey
Bay Aquarium Research
Institute ecologist Ken
Smith.

Animals

At six different points
within the Sargasso Sea, the
scientists are collecting
samples of animals and sea-
weed. They will also use a
small robotic submersible
to videotape the deeper
portions of the floating Sar-
gassum mats and to make
water-quality measure-
ments. These observations
will help the team deter-
mine how many animals
exist as part of this unique
community.

The team’s second
objective is to study ani-
mals that live on the deep
seafloor. At each of the six
study sites in the Sargasso
Sea, baited cameras will be
lowered to the seafloor to
record the deep-sea fish
and other animals that are
attracted to the bait over a
24-hour period.

At the most southerly
study site, about 500 miles
west of Bermuda, the sci-
entists will also set up a
long-term observing system
5,400 metres down on the
abyssal seafloor.

The observatory consists
of a time-lapse camera sys-
tem connected to a string
of “sediment traps”. The
time-lapse camera will snap
pictures of a four-by-five-
meter patch of ocean floor
every hour for up to six
months.

Previous studies of
abyssal animals in the east-
ern North Pacific and east-
ern North Atlantic demon-
strated that climate change
is affecting sea life at
depths previously thought
to be insulated from such
things.

The current research will
help scientists to better
understand how these
effects vary from one part
of the ocean to another on
a global scale.

What do you think?
Send comments to
larry@tribunemedia.net
Or visit
www.bahamapundit.com

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PAGE 10, WEDNESDAY, FEBRUARY 16, 2011

THE TRIBUNE









lov



W



ST INDI



SW





ST INDIAN’?



We are failing to fulfill promise we once held

(This is the final article in a
three-part series delivered
by Sir Shridath Ramphal at
the eleventh Sir Archibald
Nedd Memorial lecture giv-
en in Grenada on January
28. His subject: Is the West
Indies West Indian?)

By SIR SHRIDATH
RAMPHAL

THERE is another major
respect in which the West
Indies in not being West
Indian in the Marryshow
manner; is not being true to
itself. We are failing to fulfil
the promise we once held
out of being a light in the
darkness of the developing
world. Small as we are, our
regionalism, our West Indian
synonymy, inspired many in
the South who also aspired
to strength through unity.
Solidarity has been lost not
only amongst ourselves, but
also collectively with the
developing world.

And, perhaps, therein lies
the “rub.” Were we making
a reality of our own regional
unity we would not be false
to ourselves and we would
have inspired others who, in
the past, had looked to us as
a beacon of a worthy future.
Instead, we are losing our
way both at home and
abroad.

Have we forgotten the
days when as West Indians
we were the first to daringly
bring the “Non-Aligned
Movement” to the Western
Hemisphere, when we pio-
neered rejection of the “two
China” policy at the United
Nations and recognized the
People’s Republic; when,
together, we broke the
Western diplomatic embargo
of Cuba; when we forced
withdrawal of the Kissinger
plan for a “Community of
the Western Hemisphere”;
when we were in the front
rank (both intellectual and
diplomatic) of the effort for

pu

a New International Eco-
nomic Order; when from this
region, bending iron wills,
we gave leadership in the
struggle against “apartheid”
in Southern Africa; when we
inspired the creation of the
ACP and kept the fallacy of
“reciprocity” in trade at bay
for 25 years; when we forced
grudging acceptance in the
United Nations and in the
Commonwealth that “small
states” required special and
differential treatment? In all
this, and more, for all our
size we stood tall; we com-
manded respect, if not
always endearment. We
were West Indians being
West Indian.

Partners

For what do we stand
today, united and respected
as one West Indies? We
break ranks among our-
selves (Grenada, I acknowl-
edge, no longer) so that
some can bask in Japanese
favour for helping to exter-
minate endangered species
of the world’s whales. We
eviscerate any common for-
eign policy in CARICOM
when some of us cohabit
with Taiwan. Deserting our
African and Pacific partners,
we yield to Europe — and
take pride in being first to
roll over.

What do these inglorious
lapses do for our honour and
standing in the world? How
do they square with our ear-
lier record of small states
standing for principles that
commanded respect and but-
tressed self-esteem? The
answers are all negative.
And, inevitably, what they
do in due measure is require
us to disown each other and
display our discordance to
the world. This is where





“Were we making a reality of
our own regional unity we would
not be false to ourselves and we
would have inspired others who,
in the past, had looked to us as a
beacon of a worthy future.
Instead, we are losing our way
both at home and abroad.”



“local control” has led us in
the 21st Century. We call it
now “sovereignty.” In reali-
ty, it is sovereignty we
deploy principally against
each other; because against
most others that sovereignty
is a hollow vessel.

It is easy, perhaps natural,
for us as West Indian peo-
ple to shift blame to our
Governments; and Govern-
ments, of course, are not
blameless. But, in our
democracies, Governments
do what we allow them to
do: they themselves say: “we
are doing what our people
want us to do.” It is not
always true; but who can
deny it, when we accept
their excesses with equa-
nimity, certainly in silence.

No! There is fault within
us also. We have each been
touched with the glow of
“local control”; each moved
by the siren song of “sover-
eignty”; have each allowed
the stigma of otherness, even
foreignness, to degrade our
West Indian kinship. The
fault lies not only in our
political stars but also in our-
selves that we are what and
where we are; and what and
where we will be in a global
society that demands of us
the very best we can be.
When the West Indies is not
West Indian, it is we, at least
in part, who let it be so. And
what irony: Marryshow and
his peers demanded that we

WLS WAN)

Yesterday's Question

Our story mentions the main roads and areas the NDP
and Workers Party travelled on their islandwide protest
on Thursday. Name three of them.

Yesterday’

Baillou Hill Road, Bay

S Answer

reet,Paradise Island,

Mackey Street, Carmichael Road, Coral Harbour
and the Sir Lynden Pindling International Airport

be West Indian to be free
together. We were; but in
our freedom we are ceasing
to be West Indian and in the
process are forgoing the
strengths that togetherness
brings.

When are we at our best?
Surely, when the West
Indies is West Indian; when
we are as one; with one iden-
tity; acting with the strength
and courage that oneness
gives us. Does anyone doubt
that whatever we undertake,
we do it better when we do
it together?

Message

Thirty-five years ago, in
1975, on the shores of Mon-
tego Bay, as I took leave of
Caribbean leaders before
assuming new roles at the
Commonwealth, my parting
message was a plea TO
CARE FOR CARICOM.
Among the things I said then
was this:

Each generation of West
Indians has an obligation to
advance the process of
regional development and
the evolution of an ethos of
unity. Ours is endeavouring
to do so; but we shall fail
utterly if we ignore these
fundamental attributes of
our West Indian condition
and, assuming without war-
rant the inevitability of our
oneness, become casual,
neglectful, indifferent or

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SECRETARY OF STATE
Hillary Rodham Clinton
delivers her speech on
‘Internet Rights And
Wrongs: Choices &
Challenges In A
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sami (AP)

undisciplined in sustaining
that process and that evolu-
tion.

The burden of my mes-
sage is that we have become
“casual, neglectful, indiffer-
ent and undisciplined” in
sustaining and advancing
Caribbean integration: that
we have failed to ensure that
the West Indies is West Indi-
an, and are falling into a
state of disunity which by
now we should have made
unnatural.

The process will occasion
a slow and gradual descent —
from which a passing wind
may offer occasional respite;
but, ineluctably, it will pro-
duce an ending.

In Derek Walcott’s recent-
ly published collection of
poems, White Egrets — for
which he has just won the
prestigious T.S. Elliot Prize —
there are some lines which
conjure up that image of
slow passing:

With the leisure of a leaf
falling in the forest,

Pale yellow spinning
against green — my ending.

This must not be a region-
al epitaph. But, If CARI-
COM is not to end like a
leaf falling in the forest, pre-
vailing apathy and uncon-
cern must cease; reversal
from unity must end. The
old cult of “local control”
must not extinguish hope of
regional rescue through col-
lective effort; must not allow
a narcissist insularity to deny
us larger vision and
ennobling roles. We must
escape the mental prison of
narrow domestic walls and
build a West Indies which is
West Indian. We must cher-
ish our local identities; but
they must enrich the mosaic
of regionalism, not withhold
from it their separate splen-
dours.

In some ways, it must be
allowed, our integration slip-
page is less evident among
the smallest of us. The

OECS islands have set out
a course for more ambitious
and deeper economic inte-
gration among themselves
which would be worthy of
all, if it could subsist for all.
The Treaty establishing the
OECS Economic Union is
now in force. But, it is early
days; it remains to be seen at
the level of action, at the lev-
el of implementation,
whether, even for them, the
earlier “agony” (of which Sir
Arthur Lewis wrote so rue-
fully in 1962) lingers still.
Meanwhile, however, con-
gratulations are in order,
and I extend them heartily.

Ethos

In moving closer to “free-
dom of movement” among
the OECS countries they
have set a vital example to
the rest of CARICOM. The
OECS West Indies is being
West Indian. May it trans-
late into an ethos among
them, and in time infuse the
wider Community with an
end to “foreignness” among
all West Indians. The OECS
islands have taken the first
steps in a long journey
whose ultimate goal must be
a larger union.

Collectively, we must
recover our resolve to sur-
vive as one West Indies — as
one people, one region, one
whole region.

Imbued by such resolve
there is a future that can be
better than the best we have
ever had.

Neither complacency nor
resignation nor empty words
will suffice. What we need
is rescue — by ourselves,
from ourselves and for our-
selves.

We cannot be careless
with our oneness, which is
our lifeline. As it was in St
Georges in 1915, so it is now:
The West Indies must be
Westindian!



CLINTON ‘SPEAKS OUT AGAINST INTERNET REPRESSION

WASHINGTON
Associated Press

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The United States stands with cyber dissi-
dents and democracy activists from the Middle
East to China and beyond, Secretary of State
Hillary Rodham Clinton said Tuesday.

She pledged to expand the Obama adminis-
tration's efforts to foil Internet repression in
autocratic states.

In an impassioned speech on Internet free-
dom, Clinton said the administration would
spend $25 million this year on initiatives designed
to protect bloggers and help them get around
curbs like the Great Firewall of China, the gag-
ging of social media sites in Iran, Cuba, Syria,
Vietnam and Myanmar as well as Egypt's recent
unsuccessful attempt to thwart anti-government
protests by simply pulling the plug on online
communication.

She also said the State Department, which
last week launched Twitter feeds in Arabic and
Farsi to connect with populations throughout
the Arab countries and Iran, would broaden the
reach of its online miniappeals for human rights
and democracy by creating accounts that cater to
audiences in China, Russia and India in their
native languages.

Clinton challenged authoritarian leaders and
regimes to embrace online freedom and the
demands of cyber dissidents or risk being toppled
by tides of unrest, similar to what has happened
in Egypt and Tunisia to longtime presidents
Hosni Mubarak and Zine E] Abidine Ben Ali.

"History has shown us that repression often
sows the seeds for revolution down the road,"
she said. "Those who clamp down on Internet
freedom may be able to hold back the full impact
of their people's yearnings for a while, but not
forever.”

"Leaders worldwide have a choice to make,"
Clinton said. "They can let the Internet in their
countries flourish, and take the risk that the
freedoms it enables will lead to a greater demand
for political rights. Or they can constrict the
Internet, choke the freedoms it naturally sus-
tains, and risk losing all the economic and social
benefits that come from a networked society."

ed barriers to internet freedom, whether they're
technical filters or censorship regimes or attacks
on those who exercise their rights to expression
and assembly online, will eventually find them-
selves boxed in,” she said. "They will face a dic-
tator's dilemma, and will have to choose between
letting the walls fall or paying the price to keep
them standing, which means both doubling down
on a losing hand by resorting to greater oppres-
sion, and enduring the escalating opportunity
cost of missing out on the ideas that have been
blocked."

She said fighting restrictions would not be
easy but stressed that the United States is com-
mitted to ensuring the Internet remains an open
forum for discourse.

"While the rights we seek to protect are clear,
the various ways that these rights are violated are
increasingly complex,” Clinton said.

The U.S. will "help people in oppressive Inter-
net environments get around filters, stay one
step ahead of the censors, the hackers and the
thugs who beat them up or imprison them for
what they say online,” she said in the speech to
students at the George Washington University.
She countered criticism leveled at the adminis-
tration for not investing in a single technological
fix to overcome government controls, saying
there was "no silver bullet" and "no app" to do
that. Instead, she said, the U.S. would take a
multipronged approach.

Clinton's remarks, her second major address
about Internet freedom since becoming Ameri-
ca's top diplomat, come amid a groundswell of
protests around the Middle East that have been
abetted by online agitators using social media
sites such as Twitter, Facebook and YouTube to
organize anti-government demonstrations from
Algeria to Yemen, Syria, Iran and Jordan.

Despite the Obama administration's own
problems with an unfettered Internet, most
notably the release of hundreds of thousands
of sensitive diplomatic documents by the Wik-
iLeaks website, Clinton said the United States is
unwavering in its commitment to cyber free-
dom, even as it seeks to prosecute online crimi-
nals and terrorists.

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



PAGE 12, WEDNESDAY, FEBRUARY 16, 2011 THE TRIBUNE
LOCAL NEWS



SCENES OF DEVASTATION after x
Monday’s blaze which gutted the mg
Betty K Agencies Ltd building.

EACH ONE 7 |
He aaa
Una | d i k | ll (

rm lovin’ it

Scale

SL SH PS Gh es TNS FST? OE GL ie es



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









POWER FIRM

EVEING ALL
RENEWABLE
ENERGIES

* Grand Bahama ‘not an
incredible wind region’,
but still economically
viable

* Power firm pledges:
‘There is no renewable
energy technology that
we are not looking at’

By NEIL HARTNELL

Tribune Business Editor

Grand Bahama Power
Company and its 80.4 per
cent majority owner will
look at every renewable
energy technology for pos-
sible inclusion in its future
electricity generation, Tri-
bune Business was told
yesterday, as it currently
explores the economic via-
bility of wind power.

Ray Robinson, Grand
Bahama Power’s newly-
appointed executive chair-
man, said that while data
collected over a two-year

period suggested the island

was “not an incredible

wind region”, there were
signs that it could be eco-
nomically viable and part

of the future energy gener-

ation portfolio.

Other possibilities
included biomass, waste-
to-energy and wave/tidal
power, and Mr Robinson
pledged: “There is no
renewable energy technol-

at.”
He added: “We have
been collecting wind data

for nearly two years on this }

island, and have a good bit
of it. It’s not an incredible
wind region, but we think

we can economically devel-

_ Downtown Nassau

op wind power and that it
can be part of the portfolio
going forward.”

Mr Robinson said Grand

Bahama Power Company
thought it had “found a
good one” in terms of a
wind turbine supplier, giv-

ricane resistant, and was
now going through the
technical checks and due

tive supplier.
“We're overlaying the

wind data with our electric-

ity dat tching the right :
pe abies ceainace aa ta : Tribune Business Editor

power curve to the wind
experience in Grand
Bahama, and running
financial models to see
how we can economically
produce wind on Grand
Bahama,” Mr Robinson
said. The company, he
added, was still assessing
the best sites upon which

to locate the wind turbines. }
“One of the things we’re ;

SEE page 2B

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 i





ogy that we are not looking }

THE TRIBUNE

usine

WEDNESDAY,

FEBRUARY



Fi

Vom, 24) 1

SECTION B « business@tribunemedia.net

Power firm investment
‘much more’ than $35m

New Grand Bahama Power executive chair says

2 majority owner wants it to be ‘ leader in the

Caribbean for low cost and reliable electricity’
Sees role as ‘catalyst’ for island’s economy,

2 pledging turnaround will see lower prices and
' more reliable supply

Acknowledges firm needs to be ‘rebuilt from

: the ground up’

‘Too may cooks in the kitchen’ before

RAY ROBINSON

_ Marubeni bought out

By NEIL HARTNELL

Tribune Business Editor

Grand Bahama Power
Company’s 80.4 per cent
majority owner yesterday
told Tribune Business it
planned to invest “signifi-
cantly more” than the pre-
viously announced $35 mil-
lion power plant to turn the
company around, adding
that it wanted the utility “to
be a leader in the Caribbean
for low cost and reliable

electricity”. While unable to
give specifics as details were
still being worked out, Ray
Robinson, Grand Bahama
Power Company’s newly-
appointed executive chair-
man, said Canadian power
giant Emera was “fully com-
mitted” to making the nec-
essary investment to
“rebuild the utility from the
ground up”.

SEE page 2B



GUTTED: Fire caused
millions of dollars of
damage to downtown
Nassau.

Partnership chief

| expresses hope fire
| may act as ‘catalyst

en that the design was hur- 2 to move forwar d in
| earnest’ with city’s

diligence with the prospec- }

_ redevelopment

By NEIL HARTNELL

While some $35-$40 mil-

i lion worth of Bay Street
i property/real estate was
? destroyed in the Valentine’s
i Day Fire, the Downtown
: Nassau Partnership’s co-
: chairman yesterday said it
? could be “a sort of blessing

in disguise” for the city’s
revitalisation, acting as a
“catalyst” to redevelop the

affected area into the envis-
i aged ‘Living Waterfront’.

Vaughn Roberts told Tri-

i bune Business that, once the
i “dust settles” and proper-
: ty/business owners complete
i their damage assessments,
: they and others could “focus
? on the spirit of the revitali-
i sation” and “move forward
i in earnest” on downtown
: Nassau’s long-awaited and
? planned redevelopment.

He acknowledged that

much depended on the plans
: of the Betty Kelly-Kenning
; estate, owner of the Betty

K shipping company’s prop-

i erty, which was the major
: real estate holding impacted
? by the fire - and also one
: accounting for a significant
: chunk of the waterfront that

SEE page 3B



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‘Significant
loss to agent
via Scotiabank
insure policy

By NEIL HARTNELL
Tribune Business Editor

A leading insurance agent yesterday told Tribune Business
that Scotiabank’s group homeowners insurance arrange-
ment with J. S. Johnson had “a pretty significant impact” on
its business last year, with several clients lost to the bank’s
determination to protect its mortgage portfolio.

Warren Rolle, managing director of Nassau Underwriters
Association (NUA), the agency owned 100 per cent by
Bahamas First, said it was having to be “very proactive” in
dealing with homeowners insurance clients holding Scotia-
bank (Bahamas) mortgages, ensuring their premiums were
received early to prevent the bank from placing them on the

J. S. Johnson policy.

Questioning why the bank did not allow mortgage clients
to remain with their existing agent or broker, Mr Rolle told
Tribune Business: “We’ve lost a few clients. I think last
year that it was a pretty significant impact. I haven’t quan-
tified it in terms of numbers, but I’ve asked someone to

keep a track of that.”

The NUA managing director said he understood Scotia-
bank’s concern to ensure all its mortgage exposures -
whether residential or commercial - were fully covered by
insurance, in case they were wiped out by a hurricane or
some other catastrophe, but added that he and other
agents/brokers harboured reservations about how this was

SEE page 4B



REGULATIONS CAUSE
PILOT LICENCE FEAR

* Government urged to implement ‘grandfathering’
or transition period on Civil Aviation regulations

By NEIL HARTNELL

Tribune Business Editor

A leading Bahamian avia-
tion executive last night
urged the Government to
include a ‘grandfathering’ or
transition period in the
amended Civil Aviation Safe-
ty regulations, explaining that
their immediate implemen-
tation could leave up to 70-80

per cent of this nation’s pilots
flying without a licence.
Captain Randy Butler,
chief executive of Sky
Bahamas, told Tribune Busi-
ness that while he and other
operators backed the new
regulations, their enforce-
ment could potentially wreak
havoc on the sector as, with-

SEE page 2B

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PAGE 2B, WEDNESDAY, FEBRUARY 16, 2011 THE TRIBUNE





REGULATIONS |

cuseruor HOW bad communication

LICENCE FEAR |

kills your firm’s business



lt) ‘yj
RANDY BUTLER

FROM page 1B

national routes.

Of particular concern, he :
explained, was the new }

requirement that all pilot
licences expire within 24 cal-
endar months from the date

tion.

Licences

“Pilot licences expire in 24 :
calendar months from the }
date of issuance,” he told Tri- :
bune Business. “I’m flying, }
and all of a sudden I don’t }

have a valid licence.”

Questioning whether Civil |
Aviation had enough person- }
nel to rapidly process licences, }
Captain Butler added that :

cabin crew were now also } development plan,” Mr }
: ’ :

required to be licensed ? Robinson told Tribune Busi-
overnight”, another poten- }
tial industry impediment if the i

regulations were implemented }

immediately.

“The regulations are a good }
thing. It’s a good thing that
they’re in. The process and :
way they’re being imple- :
mented is going to be a prob- :
lem,” Captain Butler told Tri-
bune Business. “If they do :
enforce them, if a pilot does-

n’t have a licence he shouldn’t i over time.

be flying.

“Can they put in a transi- }
tion period or say they’re }
going to give us time to come }
into compliance? The old reg- }
ulations gave us 12 months, }
with pilots having two months :

to come in and get their :
; pleted later in 2011.

licences renewed.”

: By KIM WELCOME

he way your
staff answers
the phone may
actually hurt

i your business. Your adver-
: tising, sales representatives,
i referrals etc, all help to form
? an image of your company
i in the mind of the client.

That image can be

destroyed in five seconds
: just by the way your tele-

out a valid licence, Bahamian } phone is answered. There is

pilots would be unable to fly
on both domestic and inter- }
i most staff have never been

a right and wrong way to
answer the phone. However,

trained, as many employers
assume they know. There

i are a number of components
: that constitute a polished
? sound. One is to pause what-

of issuance. In the absence of i ever you are doing and take

any ‘grandfathering’ clause of } :
transition period, Mr Butler : ay itealh Delors ate wes:
said all pilots with a licence }
issued before 2009 could }
effectively be prevented from }
flying until they renewed this. }

He added that the majority ;
of industry licences, based on }
his experience, were issued in }
the 2000-2004 period follow- }
ing the last amendments to }
the Civil Aviation Safety Reg- }
ulations in 2001. Captain But- ;
ler estimated that some 70-80 }
per cent of Bahamas-based }
pilots could be in this situa- ;

You should never sound like
you've been interrupted.

A lack of enthusiasm con-
veyed by your staff is always
disenchanting for someone
who is inquiring about a

POWER FIRM
EYEING ALL

RENEWABLE
ENERGIES

FROM page 1B

doing is a long-term system }

ness.

Technology

“There is no new renew-

able energy technology

we’re not looking at.
“There’s a wealth of new

renewable technology that :
may end up being part of
the generation portfolio }

“We're looking at any ;

number of these.”

TALKING

BG

product or service to pur-
chase, now or in the future.
Buyers are inevitably turned
off by sales or customer ser-
vice representatives that
effect an air of ‘couldn’t care
less’. The average business
only hears the complaints of
4 per cent of their unhappy
customers; the rest just do
not return.

Whenever a prospective
buyer asks a question, this
is an open door to engage
them, and a golden oppor-
tunity to enable them to
solve ‘their problem’. If you
ask the right questions, you
position yourself and your
company as the experts in
the field.



research has shown that 68
per cent of the clients you
may have lost left because
of an attitude of indifference
conveyed by employees.
They want to feel they are
your number one priority.
There are many ways to
make your customer feel
special. One is to refer to
them by name whenever
appropriate, especially those
who do business with you
often. Everyone likes to
hear their name, so try to
find opportunities to address
them by theirs. This has

customer loyalty.

Poor business etiquette is
sometimes the most inad-
vertent way to turn off a cus-
tomer or client. It is often
just small details in this area
that tend to alienate poten-
tial buyers. Have you ever
walked into an office and
had to wait for 30 seconds
(this is the length of a tele-
vision commercial), while
the receptionist finishes
telling her co-worker a sto-
ry? It is never wise to
assume your staff know the
rules of business etiquette.
Invest in valuable training.

Emotions can get in the
way of professionalism.
Everyone has the occasion-
al bad day, but no company
can afford to have the nega-
tive moods of their staff seep
into the client’s experience.
Unfortunately, without all
the background information,
the client may just assume
your staff is aloof, abrupt or
unprofessional. There are
ways to keep negative emo-

techniques all the time.

Lack of empathy from a
company with whom one
has spent money doesn’t feel
good when you have a prob-
lem. However, the benefits
of a well-trained customer
service representative can
have immeasurable rewards
for a company. The proper
use of tone, inflection and
volume can be learned to
convey the empathy need-
ed to subdue the disgrun-
tled. The customer may not
always be right, but it does-
n’t benefit your company
when your representative
goes out of their way to
prove them wrong.

NB: Kim Welcome is
chief executive of Influen-
tial Voice. A xommunica-
tion trainer and coach, she
assists businesses and indi-
viduals to achieve their goals
through helping them to
develop deliberate, skillful,
polished communication

Staff may be perceived as
cold. Customer care

been proven to help build

tions from leaking into your
voice. Actors practice these

skills. For more info
www.influentialyoice.com

Power firm investment
‘much more’ than $35m

FROM page 1B

Describing the current level of pow-
} er outages and blackouts on Grand
? Bahama as “absolutely unacceptable”,
? Mr Robinson said Emera would “make
available all the resources required” -
? financial, managerial and technical -
? to turn the monopoly electricity sup-
i plier, which has 19,000 total customers,
? around.
i Pledging that the short-term goal
? was to “stabilise the operation”, name-
? ly the reliability of Grand Bahama
? Power Company’s infrastructure and
? power supply, plus also the tariff rates
? levied on consumers, Mr Robinson said
Emera’s buyout of former majority
? owner, Japanese conglomerate
? Marubeni, had made the decision-mak-
: ing and implementation process much
? easier.

Mr Robinson said Grand }

Bahama Power Company’s }
review analysis of these }
renewable energy technolo- }
gies was likely to be com- }





The Board of Directors
of FamGuard Corporation Limited

is pleased to advise that
the fourth quarterly dividend for 2010
of 6 cents per share

has been declared to be paid on
March 2, 2011
to Shareholders of record as at
February 23, 2011

FAMGUARD CORPORATION LIMITED
The parent holding company of

Family Guardian Insurance Company Limited
BahamaHealth Insurance Brokers & Benefit Consultants Limited
FG Insurance Agents & Brokers Limited
FG Capital Markets Limited
FG Financial Limited

FAMGUARD

CORPORATION LIMITED





Interested

“We continue to be very interested
? in the Caribbean, but particularly in
: the Bahamas, and especially and cur-
i rently, Grand Bahama and Grand
: Bahama Power Company,” Mr Robin-
? son said of Emera’s Caribbean focus,
i? its investments also including St Lucia
: and Barbados.

: “Grand Bahama is so poised, has so
? much going for it, and there’s so many
? Opportunities. We just hope that if we
? can do what needs to be done, we can
: bea catalyst to get Grand Bahama to
? the place it should be.”

: Indicating that Grand Bahama Pow-
: er Company was Emera’s “immediate
: focus” in its Caribbean portfolio, Mr
? Robinson said this was not due just to
: his “focus and presence here”.

: “We are making available to Grand
: Bahama Power Company all the
i resources required to turn the opera-
? tion around,” he added. “It took an
? awful long time to get to the state it’s
? in, and it will take an awful lot of focus,
: effort and determination to get it to
? the state it should be in. The founda-
? tional things need to be re-established.”
i Dividing Emera’s plans into short,
? medium and long-term goals, Mr
: Robinson said the immediate focus
: was on restoring stability to Grand
: Bahama Power Company, ensuring
? reliability of operations and the power
? supply. Rate stabilisation was also a
i priority.

? “Customers want affordable and reli-
? able power.

: “They want their lights to come on
? when they turn them on,” the executive
? chairman added. “We intend to lower
i the costs of electricity over time if we
? can put in the right investment and the
; Tight regulatory regime.

“T don’t want to be over-dramatic,
but we’re really going to have to
rebuild the utility from the ground
uUp........ but we’ve got the determination
to do it. Ultimately, it [Grand Bahama
Power Company] is going to be a
leader in the Caribbean so far as low
costs and reliability of electricity.”

Asked about the status of plans to
construct a new $35 million power
plant for Grand Bahama, a project
announced when Marubeni was bought
out, and which was supposed to start
earlier this year, Mr Robinson said the
power company was “in active com-
mercial negotiations” on this and
would release details once they were
tied down.

“Ultimately, it’s going to be a much
more substantial investment and instal-
lation when it’s announced,” Mr
Robinson said, confirming when asked
by Tribune Business that the level of
investment would be “significantly
more” than the initially touted $35 mil-
lion.

This, he added, related directly to
the need to lower power rates and
ensure reliable, consistent electricity
supply, something Grand Bahama busi-
nesses and residential customers could
not necessarily “count on when need-
ed”.

“Tm hoping that what we can do, if
we make the right investment, is lower
the cost of electricity to the investor
community to make them more com-
petitive and bring more industry to
Grand Bahama,” Mr Robinson told
Tribune Business.

If, by lowering power costs, Grand
Bahama Power Company attracted
more investment and business to the
island, the executive chairman said it
would be a win-win for all concerned,
since more commerce equalled more
electricity customers, while the greater
volume lent scope for further tariff
cuts.

“That kick starts everything, and we
think we can be part of the catalyst to
turn this economy around,” Mr Robin-
son said.

“Certainly, our focus is to do the
right thing and bring rates down over
time.

“The next 18 months are going to
be challenging, but after that we will be
on the right path.”

While Emera was effectively dis-
secting the “carcass” of the existing
Grand Bahama Power Company, Mr
Robinson said rate reductions “can
only come after new and more effi-
cient generation plant is on the island,
and that takes time. We’re committed
to making that investment and getting
to a better place”.

He pointed out that Grand Bahama
Power Company’s steam plant and

combustion turbines had enjoyed a
long life, and it was now time to replace
them.

Mr Robinson also explained that
Emera’s $82 million acquisition of
majority control had given it control
over how Grand Bahama Power Com-
pany was operated and managed,
something it lacked as a 25 per cent
minority investor.

“When you’re a minority investor
you can articulate your views but not
have more leverage than that,” he told
Tribune Business.

“We were trying to work and col-
laborate with the shareholders and
partners, and it came to the point
where there were too many cooks in
the kitchen and something had to
give.”

He added, though, that no one went
away from the deal unhappy.

Investment

Emera's $82 million purchase of
Marubeni's stake valued 100 per cent
of Grand Bahama Power Company at
just over $148 million, and took its total
investment in the monopoly power
provider to $123 million, having spent
$41 million on acquiring the 50 per
cent ICD Utilities interest previously
held by Lady Henrietta St George.

The remaining 19.6 per cent stake
in Grand Bahama Power Company is
held by the Bahamian institutional and
retail investors in ICD Utilities, yes-
terday's deal valuing their collective
stake at $29 million.

Mr Robinson has been working on
Emera’s Caribbean business for some
time, having previously spent three
years as president and chief executive
of its Bangor Hydro Electric Company,
in Maine, serving over 117,000 cus-
tomers.

He has also served terms as presi-
dent of Emera Utility Services, and as
a member of the joint owners commit-
tee of Bear Swamp Power Company.
Prior to Emera, Mr Robinson was the
president and chief executive of Yukon
Energy Corporation, as well as holding
various senior positions at West Koote-
nay Power and Nelson Hydro in British
Columbia, St Catharine’s Hydro and
Canadian Niagara Power in Ontario,
Bowater Mersey Paper Company in
Nova Scotia and the City of Calgary
Electric System in Alberta.

Mr Robinson will oversee the new
diesel plant construction, which will
include a comprehensive technology-
training plan for Bahamians, similar
to a technical academy. Emera
described this as a first in the Bahamas
and Caribbean.

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



THE TRIBUNE



WEDNESDAY, FEBRUARY 16, 2011, PAGE 3B



‘Blessing in disguise’
lespite $35-$40m loss



FROM page 1B

would be freed up anyway
come May 2011 when the
freight firms move to the
new Arawak Cay port.

Telling Tribune Business
he understood that the
estate had been seeking to
sell the property for a price
between $10-$12 million
anyway, given that Betty K’s
impending May 7 move
would leave it without a ten-
ant and rental income, Mr
Roberts said he suspected it
would continue to seek a
buyer.

The real question, he
added, was whether the fire
and loss of the buildings
themselves would devalue
the real estate in the eyes of
any potential purchaser, and
whether the estate would
realise a lower purchase
price as a result.

“There’s clearly an incen-
tive for the redevelopment
of that entire area, but the
big question is the owners
of Betty K and what they
are going to do and, if
they’re going to sell, how
quickly it goes on the mar-
ket,” Mr Roberts told Tri-
bune Business.

Juan Bacardi, head of the
Bristol Group of Compa-
nies, which operated the
Bacardi store on the corner
of Bay Street and East
Street, told Tribune Busi-
ness in an e-mailed note that
the company would “recon-
struct the retail” and “keep
pushing ahead”.

The Bristol Group was
currently assessing the dam-
age to the store, but added
that the structure “seems
secure” and most of the
damage appeared to be
smoke and water-related.

Noting that at least four
other property owners had
been impacted by the fire,
Mr Roberts said the DNP
would seek to “exercise
some influence” over the
area’s redevelopment and
its implementation, and
added: “We’re trying to be
as influential as we can, but




| ed a

ee ee —



VAUGHN ROBERTS

obviously as sensitive as we
can in terms of organising
the property owners with
regard to the vision for that
area.”

Valued

The DNP managing direc-
tor said that if the Betty K
building was being valued
by its owner at $12 million
prior to the fire, the other
damaged buildings were col-
lectively “probably around
double that”, taking the
total value of impacted
property/land to between
$35-$40 million.

And that, he acknowl-
edged, did not include all
the lost inventory, including
the freight sitting in Betty
K’s warehouse, plus rev-
enues lost by the retailers in
the burned building and sur-
rounding area.

Yet, turning to the posi-
tive, Mr Roberts told Tri-
bune Business: “I’m hope-
ful that once the dust settles
it [the fire] becomes a cata-
lyst for a focus on that area.
If you look at what the
Klonaris brothers have done
in their project at Elizabeth
on Bay, the property that
was damaged by the fire ties
in the core of the city to the
Klonaris project.

“That block is still very
valuable, and through very
quick development of the
properties damaged fire it
could link the core of the
city and expand it east to
Elizabeth on Bay.”

While “requiring some co-

RAGING: Fire rear up from the downtown buildings.

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

ordination”, Mr Roberts
said such development
would be “consistent with
the vision for the water-
front”, since the Betty K
property stood at the heart
of a 40-acre section on Nas-
sau Harbour that has been
eyed for transformation into
an area filled with retail,
restaurant, condo and oth-
er attractions - a ‘Living
Waterfront’, once the ship-
ping companies are gone.

The DNP managing direc-
tor said the heavy trucks
constantly pulling in and out
of the Betty K property had
negatively impacted shop-
per traffic moving cast on
Bay Street past the East
Street junction.

“I’m hopeful it is a sort of
blessing in disguise,” Mr
Roberts told Tribune Busi-
ness of the fire. “The value
of the properties that could
be sold may be significantly
reduced, and that should
help someone to come in
and redevelop it.

“It’s a critical part of the
AO acres, and is close to the
cruise port, with 2.5 million
passengers coming in every
year. The closer to the port,
the more valuable the real
estate becomes.

“Clearly, downtown is still
open for business. There is
still a lot of retail activity,
cruise ships coming in, and
the retail operators are very
resilient. The downtown
retail community is the best
in class in terms of retail in
this country, and they’ll use
this as an opportunity to get
excited about what they
want for the city in the
future, and focus our devel-
opment efforts in a new
way.”

Mr Roberts added: “’’m
very optimistic that the
majority of property own-
ers, retailers and investors,
after taking time to assess
the situation, will get the
energy together to move for-
ward. The area is part of the
AO acres intended to be rede-
veloped, and hopefully it
causes that to happen in
earnest.



“That’s certainly the mes-
sage we’d like to get out
there; take the time to assess
and do the clean-up, but also
focus on the spirit of the
revitalisation.”

Other affected property
owners are the Pritchards,
owners of the former John
Bull store; the Bacardi com-
pany; and the Berdanis fam-
ily, owners of the building
that housed their Venue
store.



PHOTOS: Tim Clarke/Tribune staff

TradeInvest Asset Management Ltd.
A private Wealth Management Company and
medium-sized Family office

Invites applications from suitable qualified persons for
the following position

CHIEF FINANCIAL OFFICER

The successful applicant will be a professionally qualified
accountant or certified financial analyst with at least 10
years’ experience in the financial sector and a solid
foundation in business management. A proven acumen
for financial management including audit, preparation of
financial statements, investment analysis, budgetary
assessment and human resources is required. An
understanding of the application of information technology
to enhance productivity and the ability to work effectively
as the leader of a small team is vital.

The successful candidate will report to the President of
TradeInvest in the management of the financial aspects
of complex investment and private fiduciary arrangements.

The position offers an attractive compensation and benefits
package.

Applications may be delivered by hand or faxed to:

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TradeInvest Asset Management Ltd.
Lyford Manor (West Building), Lyford Cay
P.O. Box N-7776 (slot 193)
Nassau, N.P., The Bahamas
Facsimile (242) 702-2040





PAGE 4B, WEDNESDAY, FEBRUARY 16, 2011

THE TRIBUNE



BUSINESS
Delta and American boost

some air fares by up to $120



(AP Photo/Ted S. Warren, file)

RISING FARES: In this file photo taken Dec. 27. 2010, travelers check-in at a Delta Air Lines counter at Seattle-Tacoma International Airport,
in Seattle. Delta is opening earnings season for airlines with a $19 million profit for the fourth quarter.

DAVID KOENIG,
AP Airlines Writer
DALLAS

Major U.S. airlines are
raising the price of some
tickets favored by business
travelers again, this time by
up to $120 per round trip.

Fare experts said Delta
started the latest increase on
Monday, which was
matched immediately by
American and a day later by
United, Continental and US
Airways.

It's the

second big





increase in fares in as many
weeks. The airlines’ fuel
prices have risen 50 percent
over the past year. They
eliminated many flights
when they were losing mon-
ey in 2008 and 2009, which
has given them the power to
raise fares now that planes
are more crowded and trav-
el demand is rebounding.
JP Morgan analyst Jamie
Baker said it made sense for
the big airlines to target cor-
porate travelers, who are
considered less sensitive to
price increases. He said air-

NOTICE is hereby given that DAVID WILLIAM FARRANT of
No.4 Ashford Villas, Devonshire Street, P.O.Box CB-11771,
NASSAU, BAHAMAS, is applying to the Minister responsible
for Nationality and Citizenship, for registration/naturalization as
a citizen of The Bahamas, and that any person who knows any
reason why registration/naturalization should not be granted,
should send a written and signed statement of the facts within
twenty-eight days from the 16 DAY of February 2011 to the
Minister responsible for nationality and Citizenship, PO. Box N-
7147, Nassau, Bahamas.


















INTERNATIONAL
BUSINESS

lines may have raised vaca-
tion fares as high as they can
without causing a loss of rev-
enue — presumably by dri-
ving away budget-conscious
customers.

American Airlines
spokesman Ed Martelle said
the increases covered first-
class, business-class and 7-
day advance-purchase tick-
ets. Flights up to 500 miles
(800 kilometers) were boost-
ed $20 each way, those from
501 to 1,500 miles (2,400

Request for Proposals
Internal Audit Services

The Utilities Regulation and Competition Authority (URCA) 1s the
new Converged Regulator for the electronic communications sector
(ECS) covering radio and television broadcasting, radio spectrum,

internet and data, pay-TV and voice telephony. URCA was
established on 1 August 2009, as a corporate body, by the URCA Act
2009. URCA is the successor to the Public Utilities Commission,
which ceased to exist once URCA came into being.

This Request for Proposals (RFP) is for the provision of internal
audit services by an independent service provider. The RFP can
be downloaded from the URCA website at www.urcabahamas.bs in
the Newsroom section. All responses should be addressed to the
attention of the Chief Executive Officer of URCA, and should be
submitted to URCA by 4:00 p.m. on February 25, 2011.



kilometers) were raised $40
each way, and flights longer
than 1,500 miles increased
by $60 each way, he said.

"We're responding to the
Delta initiative,” Martelle
said when asked why Amer-
ican, a unit of AMR Corp.,
was raising prices.

Delta Air Lines Inc. con-
firmed the fare hike but
declined to give a reason.
United and Continental con-
firmed that they too raised
prices. US Airways didn't
respond to messages.

Last week, United and
Continental, owned by Unit-
ed Continental Holdings
Inc., led an increase of $20
to $60 per round trip on
pricey tickets typically
bought by business travel-
ers. Delta and American
both matched that hike last
week.

Rick Seaney, CEO of
FareCompare.com, said that
like last week's increase, the
Delta-led boost on Monday
was aimed mostly at high-
end fares — about $800 per
round trip — that typically
are bought by corporate
travelers, not vacationers.

Baker said low-fare air-
lines wouldn't be able to
block this increase because
the tickets are sold at prices
far higher than the discount
carriers were already charg-
ing.
Airlines also claim that
demand for leisure travel
will be hurt if passenger fees
for security and airport
improvements are raised, as
President Barack Obama
proposed in his budget this
week.

The proposed increases
would add a few dollars per
flight to the cost of a ticket,
but Baker said it could
reduce revenue especially at
airlines such as Southwest,
which cater to price--con-
scious travelers.

Silat

For the stories behind
the news, read Insight
on Mondays



ANANTH
AURA A
PN)

MARCO CHOWN OVED,
Associated Press
ABIDJAN, Ivory Coast

At least one major bank says it has shut its doors amid Ivory
Coast's political crisis, spreading fears of cash shortages in the
increasingly isolated west African nation after the incumbent
president refused to step down.

The BICICI, a local subsidiary of France's BNP Paribas
bank, said it had temporarily suspended all Ivory Coast oper-
ations in a statement published on its website Monday. "We are
no longer capable of assuring that our activities are carried
out with sufficient judicial and financial security for our clients,
nor physical security for our employees,” the statement said.

Tuesday is a national holiday in Ivory Coast, so the number
of banks that had closed could not be determined. But a bank
official, who asked to not be identified because he is not autho-
rized to speak to journalists, said more banks would close dur-
ing the coming week. Officials condemned the measure on
state television Monday evening, saying BICICI and U.S. bank
Citibank were punishing the Ivorian people by closing.

Citigroup said in a statement its offices in the Ivory Coast
were closed Monday "in light of recent developments,” and
remained closed during the holiday on Tuesday.

"We continue to monitor the situation closely, remaining in
contact with our employees, whose safety is our paramount
concern, and our clients, who we are working with through
this difficult situation," the statement added. West African
regional bank Ecobank has shut down its automatic banking
machines, but employees at several locations said it was because
of computer problems. Justin Katinan Kone, the budget minister
in the government of incumbent leader Laurent Gbagbo,
accused the BICICI of timing the closure to coincide with the
payment of public service salaries, but assured Ivorians that
"every measure has been taken with other banks to assure the
payment of salaries and the continuity of bank services."

‘Significant’
loss to agent
via Scotiabank
insure policy

FROM page 1B



being implemented.

If mortgage clients fail to produce an underwriting schedule,
or some confirmation that the homeowners insurance premi-
um has been paid and renewed by the due date, Scotiabank is
now immediately placing them on its group policy with J. S.
Johnson. The client’s premium payments are then added to
their mortgage.

Mr Rolle said Scotiabank had informed him that the group
policy was easier to administer than allowing clients to remain
with their existing insurer, with the bank paying the premium
on their behalf, although he “doesn’t see” that necessarily
being the case.

“They’re doing a cheque to J. S. Johnson, but could do a
cheque to us just as easily. A lot of clients are upset about it,
because they prefer to do business with a company they’ve
done business with for many years. Why not deal with the
company that has held the insurance for a number of years?
What is the incentive for them to push it to one company,
rather than another,” Mr Rolle asked.

Several insurance industry executives have suggested that J.
S. Johnson paid a commission or ‘finder’s fee’ to Scotiabank in
return for the group business, but this has been vehemently -
and repeatedly - denied by both the insurance broker and the
bank. This would be illegal under the new Insurance Act.

Yet Mr Rolle is far from alone in his concerns. Another
Bahamas-based insurance broker, speaking on condition of
anonymity, told Tribune Business that Scotiabank was “being
incredibly heavy handed” in its approach, and was now requir-
ing mortgage clients to write to the bank confirming they want-
ed to maintain their existing insurance arrangements rather than
go with J. S. Johnson.

“They’re doing everything possible to push business to J. S.
Johnson,” the broker complained. “Something is highly incen-
tivising these Scotiabank managers to try and move this busi-
ness.”

Tribune Business had been told by insurance industry sources
that Scotiabank (Bahamas) had wanted to obtain such an
insurance brokers/agent licence for itself for some time, but had
been told by the Insurance Commission of the Bahamas it
would not be forthcoming.

Such a licence would have brought Scotiabank (Bahamas) on
an equal footing with Canadian-owned rivals FINCO and First-
Caribbean International Bank (Bahamas), both of which have
insurance licences, but small Bahamian brokers have long
feared such a development would be anti-competitive and
squeeze them out of the homeowners market.

Meanwhile, Mr Rolle told Tribune Business: “We have to be
very proactive in our approach to Scotiabank mortgagees, con-
tacting the client early and getting them renewed to avoid
policies being placed with J. S. Johnson.”

While the Bahamas Insurance Brokers Association (BIBA)
and Scotiabank had worked out “protocols” for the treatment
of the bank’s mortgage clients, including when renewal notices
were to be sent out and how/when its client processing unit was
to be notified premiums had to be paid, Mr Rolle said the sit-
uation was “ongoing”.

“We’re trying to abide by them to avoid losing any more busi-
ness,” he added of the protocols.

Barry Malcolm, Scotiabank (Bahamas) managing director,
explaining the rationale for the policy, previously told Tri-
bune Business that with a mortgage portfolio easily in excess of
$1 billion it needed to protect its assets, and the investment
made by Bahamian homeowners, from exposure to hurricanes
and other catastrophe perils if the latter were unable to pay the
annual property insurance premium.

"We shopped around for quite a while, and J. S. Johnson
came up with the best numbers. We had to do it; the exposure
is enormous. If we had a huge hit from a major hurricane, and
10 per cent of our mortgage portfolio was uninsured, we'd be
toast. I can now sleep at night,” he said.

Given a mortgage portfolio worth $1 billion-plus, if 10 per
cent of its mortgage portfolio was uninsured and totally wiped
out by a major storm, Scotiabank (Bahamas) could potential-
ly lose some $100 million worth of assets.

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



THE TRIBUNE

WEDNESDAY, FEBRUARY 16, 2011, PAGE 5B



NYSE Euronext combining

with Deutsche Boerse

Apple unveils iPhone,

iPad subscription policy

DANA WOLLMAN,
AP Technology Writer
NEW YORK

Apple Inc. announced a sub-
scription system for buying
newspapers and magazines on
iPhone and iPad applications
on Tuesday, making it easier
for publishers to mine the pop-
ular mobile devices for more
revenue.

The update announced
Tuesday enables publishers to
sell subscriptions by the week,
month, year or other period of
time, instead of asking readers
to buy each issue separately.

The added convenience
promises to help publishers sell

BUSINESS

more digital copies as they look to smart phones and tablet com- :
puters to replace some of the revenue that has disappeared over }
the past few years as readers and advertisers migrated from }

print editions.

But publishers won't be allowed to automatically collect
personal information about people who buy subscriptions }
through the Apple apps. That data is prized for marketing }

purposes.

Instead, subscribers who sign up through an app on an Apple :
device will be given the option to share their information with ;
publishers, a choice most people don't make. If people don't }
share their information with publishers, Apple will still hold }

onto it, though it will not pass it on to third parties.

Apple will also take its standard 30 percent cut from all app }
and content sales made in its iTunes store, which peddles a vari- }
ety of music, movies, games and e-books. This new subscription }

system also applies to video and music services — for instance,
the app for Netflix.

Content providers that don't want to automatically give }

Apple a slice of the revenue can try to sell subscriptions outside DAVID K. RANDALL,

the app, too. One way to do that would be through the Web } AP Business Writer

browser, although that might prove too much of a hassle for NEW YORK

people already used to buying apps, music and other things on }

iTunes.
scriptions within iTunes, if they want.

iPhone, delighting both new and existing subscribers,"

on medical leave but continues to serve as chief executive.

iPad app to take advantage of this subscription feature.

of the losses on the print side.

other information for free.
panies.
books without leaving the app for a website.

ly, Apple has not enforced this rule universally.

BANK OF ENGLAND UNDER
PRESSURE OVER INFLATION

JANE WARDELL,
AP Business Writer
LONDON

The Bank of England's credibility was called into question on men ae aac
Tuesday after official data showed that inflation surging well } :
? new exchange remains a con-

Britain's Office for National Statistics revealed that the country's | ST. In a statement released

key inflation rate rose to 4 percent in January, double the official }
target and prompting a public explanation from bank governor }
Mervyn King. King and a number of other policymakers on the }
bank's nine-strong Monetary Policy Committee have insisted the }
stubbornly high cost of living is due to temporary price shocks, such }
as soaring global commodity prices, a fall in the value of sterling, ;
? threat. Any name that puts

above the central bank's stated target.

and a rise in sales tax last month.

Prices are continuing to rise even as the economy struggles — }
: negative consequences" for
? the merger.

glimpse of the inflation figures for last week's policy meeting, }

gross domestic product shrank by 0.5 percent in the fourth quarter.
At least two members of the committee, which got an advance

backed a modest hike in interest rates from a record low 0.5 per-
cent to 0.75 percent. But King and the majority argued that high-

price rises. The Statistics Office said the largest factors in the lat-
est increase were the higher price of oil and an increase in the

to 2.4 percent in January, partially backing King's stance.

But Howard Archer, chief U.K. and European economist at

IHS Global Insight, said the rise in inflation from 3.7 percent in | "Brands are always an emo-

: tional decision. There's a lot

December was a "kick in the teeth" for the central bank.

"This level, and the prospect of further increases to come in the }
next few months, is increasingly testing the Bank of England's }
nerve and, an ever-increasing number of observers suggest, its }
credibility, over its argument that inflation will fall back under 2 }
? exchanges have been com-
Neil Prothero, economist at the Economist Intelligence Unit, said }

percent in 2012."
blaming temporary factors for rising prices is "wearing thin."

same thing,” he added. King acknowledged in an open letter to
Treasury chief George Osborne, which he is obliged to write when

secutive months, that there "are real differences of views within the
committee" about the medium-term outlook for inflation.

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



INTERNATIONAL |

The parent company of the

Apple is insisting the financial terms of the digital subscrip- New York Stock Exchange

tions sold outside the app be no better than those offered in the has agreed to be acquired by
iTunes store. And people must have the option to buy sub- } :
? stock exchange in a deal that

"We believe that this innovative subscription service will will create the world’s largest

provide publishers with a brand new opportunity to expand dig- }

ital access to their content onto the iPad, iPod ack on bination of NYSE Euronext
CEO Steve Jobs said in a statement. Jobs, a cancer survivor, 1s i Inc. and Deutsche Boerse,
? would have dual headquar-
' ‘ee : ' : in Frankfurt and New
Apple's new subscription policy follows News Corp.'s launch ; ee : ee
of the first iPad-only newspaper, The Daily, earlier this month. ; York. The companies didn't
Its subscribers are charged through iTunes, making it the first Scala We called. ie dul

More newspapers are focusing on digital devices because } announced ‘Tuesday must still
their biggest source of revenue, print advertising, has plunged } d 1
during the past four years. Digital advertising has been steadi- | @7C 7680 ators.
ly rising, but those increases have only made up for a fraction : ; :
: C _ p : Duncan Niederauer will be

Subscriptions to print editions also have been dropping in : chief executive, and Deutsche

recent years as more people turned to the Web to get news and : 7? :
: i 8 : will become chairman. The

In stark contrast to publishers, Apple has been thriving. The ; hew company will own

company, based in Cupertino, Calif., generates more than $65 | exchanges in New York,
billion in annual revenue and boasts a market value of $330 bil- }

lion — second only to Exxon Mobil Corp. among U.S. com- : #24 other cities that will con-

? tinue to operate under their
Apple now sees an opportunity to get even richer from these } ©*!Sting names.
so-called in-app purchases. As part of its effort to ensure it gets }

acut, Apple recently rejected Sony Corp.'s e-book reader app } holders will own 60 percent

for the iPhone because it doesn't give people the chance to buy } of the new company, while

? shareholders

By insisting on an in-app purchase option, Apple believes it Euronext will own 40 percent,
is making sure people using its gadgets get a familiar experience } oe
every time they buy something — a new level of a video game } PAly at about $10 billion. The

or a new issue of a magazine — through an app. Until recent- worth $25 billion. according

i to Sandler O'Neill analyst
? Richard Repetto.

the operator of the Frankfurt

financial markets company.
The new company, a com-

say what the new company

be approved by shareholders
NYSE Euronext's CEO

Boerse’ CEO Reto Francioni

Frankfurt, Paris, Amsterdam

Deutsche Boerse share-

of NYSE
valuing NYSE's parent com-

combined company will be

A new holding company

i based in the Netherlands will
? hold the assets of Deutsche
: Boerse and NYSE Euronext.
: Deutsche Boerse sharehold-
? ers will get one share in the
? new company for each share
i they own, while NYSE
? Euronext shareholders will
: get 0.47 of a share.

New York Senator Charles

after the merger was
announced, Schumer said
there was no reason NYSE
"shouldn't come first in the
new exchange's name." He
also seemed to issue a veiled

NYSE second "could have

Niederauer told reporters

i at a morning news conference
: ; ; nel : that the companies expected
er rates would be ineffective against the external factors driving the } tg announce a name for the
} new company in a month or

broad-based sales tax from 17.5 percent to 20 percent. Excluding a

the tax hike, consumer inflation rose from 2 percent in December ; oa
} for everyone, let's just be hon-

"Tt's an emotional decision

est here," Niederauer said.

of national pride, particularly
with the businesses we oper-
ate.”

Owners of traditional stock

bining for several years to

i save costs as competition
"A growing number of MPC members may be thinking the ;

mounts from new computer-

i ized stock exchanges with

Scape : names like BATS and Chi-X.
consumer inflation remains at 3 percent or higher for three con- }

The NYSE Group, opera-

i tor of the New York Stock

Exchange, bought Euronext
for $10.2 billion in 2007, beat-
ing out a rival bid from
Deutsche Boerse. That deal
remains the largest cross-bor-
der merger of exchanges,
according to Thomson
Reuters. The combined com-
pany handles stock and deriv-
ative markets in Amsterdam,
Brussels, Lisbon and Paris as
well as the NYSE Liffe deriv-
atives market.

Deutsche Boerse, whose
predecessor was founded in
1585, operates the stock mar-

(AP Photo/Michael Probst,File)

BULLISH: In this Dec. 7, 2010 file pic-
turea a bull statue stands in front of the
German stock market, building at right,
in Frankfurt, Germany. The parent com-
pany of the New York Stock Exchange
says it has agreed to combine with the
operator of the Frankfurt stock
exchange, Deutsche Boerse. The deal
announced Tuesday Feb. 15, 2011, will
create the world's largest financial
exchange owner. Deutsche Boerse
shareholders will own 60 percent of the
new company. Shareholders of NYSE
Euronext Inc. will own the rest. The deal
will give NYSE Euronext a larger foot-
print in the more lucrative business of
trading in futures and options contracts.
The boards of both exchange owners
signed off on the deal, but it must still
be approved by shareholders and regu-

lators.

ket in Europe's largest econ-
omy. It also runs Europe's
largest derivative exchange,
the Eurex.

The deal is expected to lead
to $400 million in savings,
mainly from technology and
clearing costs. It will also give
the combined company a larg-
er footprint in the lucrative
business of trading in futures
and options contracts.

The largest exchange own-
er in the U.S. is currently the
$20 billion CME Group Inc.



CME runs the Chicago Mer-
cantile Exchange, where
wheat, corn and pork belly
futures are traded, as well as a
number of other exchanges.

Shares of both companies
fell after the deal was
announced. NYSE Euronex-
t's shares fell 3.2 percent in
New York, while Deutsche
Boerse's fell 2.4 percent in
Frankfurt. NYSE shares had
jumped 14 percent February 9
after press reports that it was
in talks with the German
company.

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PAGE 6B, WEDNESDAY, FEBRUARY 16, 2011

THE TRIBUNE







ICELAND'S PAYMENT

DISPUTE WITH UK,

DUTCH NEARS END

JANE WARDELL,
AP Business Writer
LONDON

Icelandic lawmakers are

expected to this week approve :

the repayment of $5 billion to
Britain and the Netherlands,
potentially drawing a line
under a long-running saga
that caused political as well as
financial friction between the
three countries.

The so-called Icesave bill is
in Iceland's parliament for its
third and final reading on
Tuesday and a vote is likely
on Wednesday.

Lawmakers from all parties
have indicated they will vote
in favor of the deal to repay
funds that were lost when
Internet bank Icesave col-
lapsed in 2008.

The Netherlands and
Britain rembursed their citi-
zens' deposits in Icesave
upfront and have been seek-
ing repayment from Iceland
ever since.

A positive vote needs to be
ratified by Icelandic President

Olafur Grimsson — a require-
ment that killed off a previous }
deal last year when he refused }

and instead sent the agree-
ment to a national referen-
dum where it was rejected.

Grimsson has suggested he
is happier with the current
deal, which relaxes interest
rates and allows a longer time
for repayment.

The new agreement will see
Iceland start repayments in
2016 and finish by 2046, at an
interest rate of 3 percent to
the Dutch and 3.3 percent to
Britain.

An earlier Icesave agree-
ment with a 5.5 percent inter-
est rate was approved by Ice-
land's parliament, but vetoed
by the president and subse-
quently rejected in a national
referendum.

Britain has been seeking 2.3 }
billion pounds ($3.6 billion) in
compensation and the Nether- { port workers took to the streets,
? with Athens’ bus, metro, tram
? and trolleys grinding to a halt in
? a 24-hour strike to protest
: planned transit reforms aimed

: at cutting spending and waste.

lands ?1.3 billion ($1.7 bil-
lion). The deal is expected to
cost Iceland just under 50 bil-
lion Icelandic kronur ($435
million). The recovered assets
of Landsbanki, the parent of
Icesave, are expected to cover
the majority of the debt.

A petition against the bill,
which calls for Grimsson to
again use his right of veto, has
so far garnered around 20,500
signatures, around 6 percent
of the volcanic island's popu-
lation of just 320,000.

Many Icelanders remain
angry at Britain for invoking
anti-terrorist legislation to
freeze the assets of Icelandic
banks at the height of the cri-
sis. Iceland went from eco-
nomic wunderkind to fiscal
basket case almost overnight
when the credit crunch took
hold. After a decade of dizzy-
ing economic growth that saw
Icelandic banks and compa-

nies snap up assets around the }

world, the global financial cri-
sis wreaked political and eco-
nomic havoc.

Zz



Greece's economy will shrink

? by about 3 percent or more this
i year, the central bank predicted
: Tuesday, meaning the country
? would wallow in recession for a
: third straight year as it battles
? to recover from its devastating

debt crisis.
The forecast came as trans-

Greece avoided bankruptcy

? last year due to a three-year,
? eurol10 billion ($150 billion)
? international bailout loan pack-
? age from other European
? Union countries using the euro
? and the International Monetary
? Fund. In return, the Socialist
? government has been imple-
? menting unpopular austerity
? measures, including raising tax-
: es, cutting public sector salaries
? and overhauling labor legisla-
? tion. Gross domestic product
i "is expected to fall by about 3
? percent in 2011, without ruling
? out a larger reduction," the
? Bank of Greece said in its mon-
? etary policy report.

The economy contracted 2.3

percent in 2009 and is projected
: to have fallen slightly more

than 4 percent last year.
The government's austerity

? measures, which are essential
: if Greece is to continue receiv-

WASHINGTON — China, the biggest buyer of U.S. Trea-
sury securities, reduced its holdings in December for the second

straight month.

China's holdings of Treasury debt dropped 0.4 percent to $892
billion, the Treasury Department said. China's ownership of U.S.
government debt is slightly below the $895 billion it held a year

ago.

Overall, foreign holdings of Treasury securities rose 0.6 percent

ing the quarterly bailout loans,
have been widely unpopular.

The transit reforms aim to
reduce spending and waste at
Greece's loss-making public
transport companies, but work-
ers fear an erosion of their
rights. About 2,000 strikers on
motorbikes and scooters drove
through central Athens, with
hundreds stopping outside Par-
liament, where lawmakers were
to vote on the bill Tuesday
night.

Banner

Erecting a banner reading
"hands off public transport",
protesters set off firecrackers
and waved placards calling for
long-terms strikes.

Riot police lined the edge of
an area outside the Parliament
building, but the rally was
peaceful. Public transport tick-
et prices were raised up to 80
percent earlier this month as
part of efforts to reduce the
companies’ losses. Labor
unions have called a nationwide
general strike next Wednesday.

The Bank of Greece said the
recession has particularly struck
consumption and investment.

"The uncertainty, the
increasing tax burden, the fall in
demand and the funding diffi-
culties have led investments to
a reduction that in 2010 might
have surpassed 18 percent,” it
said. However, it indicated that
growth was expected to recover
due to structural reforms the



government is pushing. Unem- b : : : a :
: ? because China faces a problem it cannot quickly fix: Demand is out-
pigyment wes alba Pcied 410 i stripping food supplies, while high global commodity prices mean

surpassed 12.5 percent in 2010 ? it can't fill the gap cheaply with imports.

rise, and was estimated to have
the Bank of Greece said.

Greece has pledged to bring
its budget deficit below the 3

crisis, which broke out in late
2009, has left the country reliant
and essentially locked out of
the long-term international

interest rates for its bonds.

However, Greece has been

able to tap the short-term mar- : . oa cae : ; :
ket with regular issues of trea- | icymakers' minds," said Dariusz Kowalczyk, senior economist at
sury bills. On Tuesday, Greece : Credit Agricole CIB. "They realize the poorer people who still are

ae oe er degree than they benefit from growth."

week treasity bills, with the ; to poor families, holding down prices in university cafeterias and

Ai a eal | ? ordering local leaders to see that vegetable markets have ade-
ic a ie iG alee of ee i? quate supplies. It has tried to diffuse public frustration by claiming
oe ee ee aa hoarding and price-fixing by speculators is partly to blame.

interest rate dropping slightly

Management Agency said.

The sale's yield stood at 3.85 | head off inflation after it deflected the 2008 crisis by flooding the

percent, down from 4.10 per- i economy with stimulus money and bank lending. The economic
? rebound gave consumers more money to spend and banks are
: KS } pumping out loans despite orders to curb credit.

oversubscribed, compared with

cent in a similar sale on Jan. 18,
while the auction was 5.08 times

4.98 times in January, the
agency said.

Over the weekend, a rift
broke out between Greece and

itors after IMF, European
Commission and European
Central Bank representatives

euro50 billion ($68 billion) in
state assets by 2015.

GLOBAL ECONOMIC NEWS

A 8 8 O CI

A T E D

PReEsS §

? TAKING A REST: Shoppers rest after shopping at a supermarket in
: Beijing, China, Thursday, Jan. 20, 2011. China's economy accelerat-
: ed in the last quarter of 2010 to expand a blockbuster 10.3 percent for
i the year as its communist leaders struggle to keep growth on an even
: keel while cooling surging prices.

i JOE McDONALD,
i AP Business Writer
i BENING

$4.37 trillion. That suggests overseas governments and private
investors are still willing to buy U.S. government debt. The USS.
government is selling huge amounts of debt to finance record-high
deficits.

WASHINGTON — World Bank President Robert Zoellick
says global food prices have hit "dangerous levels" that could con-
tribute to political instability, push millions of people into pover-
ty and raise the cost of groceries.

The bank says in a new report that global food prices have
jumped 29 percent in the past year, and are just 3 percent below
the all-time peak hit in 2008. Zoellick says the rising prices have
hit people hardest in the developing world because they spend as
much as half their income on food.

BEIJING — Spiraling prices have made the grocery store a
scary place for Chinese shoppers. China's public is struggling
with a months-long surge in food prices that has defied govern-
ment efforts to combat inflation.

More sharp price rises are expected in coming months because
China faces a problem it cannot quickly fix: Demand is outstrip-
ping food supplies, while high global commodity prices mean it
can't fill the gap cheaply with imports.

A double-digit jump in food prices pushed China's inflation still
higher in January, adding to pressure on Beijing to cool living costs
with more interest rate hikes and other measures.

Consumer prices rose 4.9 percent, driven by a 10.3 percent
jump in food costs. That was up from December's 4.6 percent rate
and close to November's 28-month high of 5.1 percent.

BEIJING — China says it has enough wheat reserves to weath-
er acrippling drought as the country sought to allay concerns that
a poor harvest will further push up global food prices.

NEW YORK — The parent company of the New York Stock
Exchange said it will combine with the operator of the Frankfurt
stock exchange to create the world's largest financial markets com-

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

pany.

The new company, a combination of NYSE Euronext Inc. and
Deutsche Boerse, will have dual headquarters in Frankfurt and
New York.

TOKYO — Japan's central bank upgraded its assessment of the
world's No. 3 economy for the first time in nine months amid an
upturn in exports and production. It left interest rates unchanged
near zero as expected.

Japanese shares edged higher, with the benchmark Nikkei 225
stock average adding 0.2 percent to close at a 10-month high.

Elsewhere in Asia, Hong Kong's Hang Seng dropped 1 percent,
China's benchmark Shanghai Composite Index was virtually
unchanged, South Korea's Kospi fell 0.2 percent, Singapore's
Straits Times dropped 0.8 percent and Australia's S&P/ASX 200
slipped 0.1 percent

BRUSSELS — Europe's recovery trudged along in the final
three months of 2010, amid heavy snow in a number of countries
and new spending cuts and tax increases across the single currency
bloc.

The 16 countries that were using the euro at the end of 2010
grew a modest 0.3 percent in the fourth quarter from the previous
three month period, according to figures released by Eurostat, the
European Union's statistics agency.

BERLIN — Germany's surging economy slowed more than
expected in the fourth quarter of 2010, posting a 0.4 percent gain
on the previous quarter as a harsh winter hurt business.

LONDON — Britain's key inflation rate rose to 4 percent in
January, making it double the official target and adding pressure

Chinese shoppers struggle
with spiralling prices



(AP Photo/Ng Han Guan)

Spiraling prices have made the grocery store a scary place for

: Chu Yun, a 27-year-old office clerk.

"Prices for everything are going up and it seems it will never

: stop," Chu said as she hunted bargains in a supermarket. "I have
i no confidence prices can be brought under control this year. I
=e ’ i? think they will keep going up."

i (AP Photo/Petros Giannakouris) i _ : rae :
: DEBT CRISIS: International Monetary Fund's Poul Thomsen, left, European Union's Servaas Deroose, cen- : Prices that has defied government efforts to combat inflation with

ter, and the European Central Bank's Claus Masuch leave after the end of a news conference in Athens, ; itcrest rate hikes, price controls and a campaign to boost vegetable

: on Friday, Feb. 11, 2011. Greece's ambitious program to overcome its debt crisis has reached a "critical eaten Ow puT
; juncture" and faster structural reforms are needed, its international bailout inspectors said Friday. Officials :
? from the International Monetary Fund, European Central Bank and European Commission said they will

i recommend that Greece receives the next installment of bailout loans.

? ELENA BECATOROS,
? Associated Press
: ATHENS, Greece

China's public is struggling with a monthslong surge in food

On Tuesday, the government reported inflation accelerated in

: January, rising to 4.9 percent from December's 4.6 percent. That
? was driven by a 10.3 percent jump in food costs amid tight supplies
i and strong demand.

Economists expect more sharp price rises in coming months

"Inflation is unlikely to come down substantially in the first

: half of the year," said Mark Williams of Capital Economics. Ana-
? lysts expect more rate hikes, but Williams said that on their own,

ne i "they aren't going to bring more crops to the market."
percent eurozone limit, from

15.4 percent in 2009. The debt economic gains that underpin the Communist Party's claim to

i power. And it hits the poor majority hardest in a society where mil-

: i lions of families spend up to half their incomes on food.
on the IMF/EU bailout loans ;

Inflation is dangerous for China's leaders because it erodes

That is politically awkward as Beijing tries to enforce stability

: ahead of a once-a-generation handover of power next year to

DUEL ? younger Communist Party leaders.
debt market, with investors

demanding prohibitively high

Backdrop

"The political backdrop of the transition is paramount in the pol-
the majority of China's population are hurt by inflation to a larg-
Beijing has tried to mollify the public by paying food subsidies

But analysts say Beijing also failed to act quickly enough to

Beijing has raised interest rates three times since October, but

? economists say more rate hikes are needed and it will be months
i before the effect is seen. "It seems Chinese policymakers are
? behind the curve in fighting inflation," Kowalczyk said. "They
? have been too cautious."

the country's international cred- ;

The headline inflation numbers hide even sharper increases in

i key items. In January, the price of fresh fruit soared by more than
i a third from year earlier, while eggs rose by a fifth, the National
: Bureau of Statistics reported. At the Xinya Shopping Center, a
said Greece must privatize }

supermarket on Beijing's east side, the price of sugar is up 80

? percent over a year earlier, while high-quality rice costs 65 percent
i more, according to manager Wang Yongyi.

on the Bank of England to hike interest rates sooner than expect-
ed.

LONDON — Stocks in Europe traded in narrow ranges after
soft economic activity data combined with rising inflation indi-
cators to keep investor sentiment in check.

The FTSE 100 index of leading British shares closed down 0.4
percent, while Germany's DAX rose less than 1 percent and the
CAC-40 in Paris ended 0.3 percent higher.

MADRID — Spain paid lower interest rates as it raised 6.1 bil-
lion euros ($8.2 billion) in a bond auction that saw strong demand.

LISBON, Portugal — Portuguese train engineers went on
strike, putting pressure on the government as it cuts pay and
hikes taxes to tackle a debt crisis that is threatening to engulf the
country.

ATHENS, Greece — Greece's economy will shrink by about 3
percent or more this year, the central bank predicted, meaning the
country would wallow in recession for a third straight year as it
battles to recover from its devastating debt crisis.

BRUSSELS — Export champion Germany said trade sur-
pluses should not be targeted in the same way as deficits, a sign
that the Group of 20 rich and developing countries are likely to
clash over how to smooth out global imbalances when they meet
this week.

Like the G-20, the European Union is trying to even out trade
flows, claiming that large surpluses by some eurozone nations
helped fuel bubbles in deficit countries and contributed to the debt
crisis that has crippled the region over the past year.

LONDON — British bank Barclays reported that net profit
rose by 36 percent last year as it took fewer charges for bad
loans, and said it will be paying out less money in bonuses.

SINGAPORE — Singapore's stock exchange tried to overcome
resistance to its $8.3 billion takeover bid for the Australian stock
market operator by promising equal representation for Aus-
tralians on the board of the combined company.



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



THE TRIBUNE

WEDNESDAY, FEBRUARY 16, 2011, PAGE 7B





US NEWS

Businesses and
consumers give
economy boost

CHRISTOPHER S.
RUGABER,

AP Economics Writers
MARTIN CRUTSINGER,
AP Economics Writers
WASHINGTON

American businesses and
consumers are giving the
economy a boost by spend-
ing more, but the troubled
housing market remains an
obstacle, new data show.

Consumers bought more
from retailers for a seventh
straight month in January.
The gains came despite
snowstorms that limited
spending from workers with
more money in their pay-
checks from a Social Securi-
ty tax cut.

Businesses increased their
stockpiles in every month
last year, a sign that compa-
nies expect sales to remain
healthy.

Still, the view of the hous-
ing market among home-
builders hasn't changed in
four months, suggesting
weak home sales will drag
on the economy throughout
the year.

Chris Christopher, an
economist at IHS Global
Insight, said consumer
spending will likely continue
to increase over the next few
months. But he predicts it
will happen more slowly
than at the end of last year,
even with workers taking
home more pay from the tax
cut.

"Winter storms, a poor
housing market, rising gaso-
line and food prices, and
lackluster employment
growth ... put a damper on
things,” Christopher said.

Retail sales rose 0.3 per-
cent last month to $318.6 bil-



INTERNATIONAL
BUSINESS

lion, the Commerce Depart-
ment said Tuesday. Sales
have risen more than 14 per-
cent from the recession low
in December 2008.

People spent more at
department stores and on
electronics while also pay-
ing higher prices for gas.
Online sales increased at a
healthy pace.

Harsh

Still, the harsh winter
weather — which brought
many cities in the Southeast
to a standstill for days —
slowed traffic at restaurants
and building supply stores.
Americans also spent less
on clothing and furniture.

The snow slowed what
was looking to be another
strong month for car sales,
which ended up rising only
0.5 percent after a 1.5 per-
cent gain in December.

Part of the overall retail
sales gain last month reflect-
ed higher gasoline prices.
Sales at gasoline service sta-
tions climbed 1.4 percent.
Excluding the rise at gas sta-
tions, retail sales would have

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| 99

risen 0.2 percent last month.

January is a time when
stores clear out winter goods
at deep discounts to make
room for spring merchan-
dise. It is the least impor-
tant month of the year for
retailers. Still, last month
showed an underlying
healthy consumer demand
as shoppers took advantage
of clearance sales to replen-
ish their wardrobes.

As part of the broader
consumer picture, Laura
Gurski, a partner at A.T.
Kearney, says she believes
the January government
sales reports showed the
Social Security tax cuts are
helping to lift sales at gro-
cery stores.

"Consumers are spending
(the extra money)on the
basics," she said. But she
added they're not buying
big-ticket items.

Businesses appear to
expect consumers will keep
spending. Companies added
to their stockpiles for a 12th
consecutive month in
December, the Commerce
Department said. That sug-
gests further growth at U.S.
factories that could lead to
more hiring in the months
ahead.

A separate report Tues-
day pointed to further
strength in factory produc-
tion. The Empire State
Manufacturing Survey
showed that conditions for
New York manufacturers
are improving. The survey's
index of business conditions
rose to an eight-month high.

Economists think inven-
tories will keep rising as long
as sales remain strong and
businesses have confidence
that the demand will contin-

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their paychecks from a Social Security tax cut.

ue. That should boost
demand at U.S. factories,
and ultimately lead to more
jobs.

But those jobs are unlike-
ly to come from home-
builders, who remain pes-
simistic after the worst year
for new-home sales in near-
ly a half-century.

The National Association

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Personal computer maker
Dell Inc. says its net income
more than doubled in the
most recent quarter.
Increased spending by busi-
nesses on technology helped
boost the results.

Dell says lower costs for
computer parts also con-
tributed to the profitable
quarter. Net income soared to
$927 million, or 48 cents per
share, from $334 million, or 17
cents per share, a year earlier.

Excluding certain items,
Dell earned 53 cents per
share, blowing past Wall

} Street's expectations. Ana-

: lysts surveyed by FactSet

: forecast earnings of 36 cents

? per share. Revenue rose 5

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? from small- and medium-size
: businesses in particular

? helped Dell offset sluggish

} consumer buying.

GEO says Google ‘very
proud’ of Egyptian exec

PETER SVENSSON,
? AP Technology Writer
; BARCELONA, Spain

Abandoning an earlier poli-

: cy of diplomatic restraint, the
? CEO of Google says the com-
} pany is "very, very proud" of

: Egyptian employee Wael

: Ghonim, who organized

: protests in Egypt and was

: thrown in jail there.

Google previously said only

that it was a "huge relief"
? when Ghonim was released
? from 12 days of detention by

(AP Photo/Gene J. Puskar)

RETAIL BOOST: Jody Dickman shops in the Shadyside section of : teat iene als
Pittsburgh, Monday, Feb. 14, 2011. Consumers bought more from sla Shae ‘led Dek
retailers for a seventh straight month in January. But snowstorms lim- | Po osm Muborak last

ited the spending gains expected from workers with more money in : Joo,

Egyptian police. He's credited
with operating a Facebook

Like any company that

: does business in foreign coun-

? tries, the online search leader

of Home Builders said Tues- : jg wary about making political

day that its index of builder : statements. Responding to

remained :
unchanged in February for :

the fourth straight month at }
: Barcelona Tuesday, Google

Any reading below 50 ? CEO Eric Schmidt said col-
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a . : dynamics between govern-

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PAGE 8B, WEDNESDAY, FEBRUARY 16, 2011

THE TRIBUNE





STOCKS FALL
Hata

Wa Yh








DAY OF LOSSES: A board on the :
floor of the New York Stock :
Exchange shows the Dow Jones :
Industrial average near the close :

of trading Wednesday.

CHIP CUTTER,

AP Business Writers
MATTHEW CRAFT,
AP Business Writers
NEW YORK

A surprisingly weak retail
sales report drove stocks low-
er on Tuesday, giving the
Dow Jones industrial average
its second straight day of loss-
es.

The Commerce Depart-
ment said Tuesday that retail
sales rose just 0.3 percent in
January, the smallest increase
since June and half of what
economists had predicted.

Kim Caughey Forrest, equi-
ty research analyst at Fort Pitt
Capital Group, said higher
prices for gasoline and raw
materials are beginning to be
passed along to consumers.
That's hurting retail sales and
spending, she said.

"Without wage gains,” she
said, "people are going to buy
less."

Energy companies led the
way down. Exxon Mobil
Corp. lost 2.3 percent, the
largest drop among the 30
large companies that make up
the Dow. Exxon Mobil said it
added 3.5 billion barrels of oil
and gas last year to the com-
pany's massive reserves, more
than twice what Exxon pro-
duced in 2010.

The Dow fell 41.55, or 0.3
percent, to close at 12,226.64.
That's only the third day this
month the Dow has closed
lower.

The Standard & Poor's 500
index fell 4.31, or 0.3 percent,
to 1,328.01. The Nasdaq com-
posite index fell 12.83, or 0.5
percent, to 2,804.35.

The parent company of the
New York Stock Exchange
agreed to combine with the
operator of the Frankfurt
stock exchange, Deutsche
Boerse AG, creating the
world's largest financial mar-
kets company.

Shares of both companies
fell after the deal was

announced. NYSE Euronext's

shares lost 3.4 percent in New
York, while Deutsche
Boerse’s lost 2.4 percent in
Frankfurt.

One of NYSE's biggest
competitors, Nasdaq OMX
Group Inc., fell 4.6 percent.

Roughly three stocks fell
for every one that rose on the
New York Stock Exchange.

S2wk-Low
0.97
9,67
4.42
0.18
2.70
2.14
9.62
2.36
5.40

Benchmark
Bahamas VWaste
Fidelity Bank
Cable Bahamas
Colina Holdings

1.63 Consolidated Vater BDRs

1.40 Doctor's Hospital
5.47 Famguard

7.23 Finco

8.77

3.75 Focol (S)

Securit _y
AML Foods Limited
Bahamas Property Fund
Bank of Bahamas

Commonwealth Bank (S1)

FirstCaribbean Bank

(AP Photo/NBC, William B. Plowman)
? MEET THE PRESS: In this photo released by NBC House Speaker Rep. John Boehner, R-Ohio, speaks about the 2012 budget on NBC's "Meet :
: the Press’ in Washington Sunday, Feb. 13, 2011. Boehner said he wants President Barack Obama to support Republican efforts to make deep :

cuts in this year's budget as a down payment in the effort to attack soaring deficits.

BEN FELLER,
AP White House
Correspondent

: WASHINGTON

Defending his new budget
as one of "tough choices,”
President Barack Obama said
Tuesday that more difficult
decisions about the nation's

biggest expenses — Medicare,

Medicaid and Social Security

— will have to be tackled by

Democrats and Republicans
acting together, not by White
House dictates.

"This is not a matter of,
‘you go first, I go first,’” he
said. "It’s a matter of every-

body having a serious con-
i versation about where we
i want to go and then ultimate-

ly getting in that boat at the
same time so it doesn't tip
over."

The president pitched his
$3.73 trillion budget as a bal-
ance of spending on needed
programs and significant
reductions that would cut the
deficit by $1.1 trillion over 10

years. The budget includes a

mix of spending freezes on
domestic programs, pay hike
suspensions for federal civil-
ian workers and new revenues
from increased taxes on the

wealthy and on oil and gas

producers.

But Obama's deficit relief is
far more modest than that
detailed by his fiscal commis-
sion, which in December pro-
posed measures that would
mop up four times as much
red ink. Unlike his blue-rib-

ROYAL FIDELITY

Morty al Work





INTERNATIONAL
BUSINESS

bon group, the administra-
tion's budget does not address
structural changes in Social
Security or Medicare, the two
largest items in the federal
budget.

"Look at the history of how
these deals get done," Oba-
ma said Tuesday.

"Typically it's not because
there's an Obama plan out
there. It's because Democrats
and Republicans are commit-
ted to tackling this in a serious
way."

The commission's biparti-
san report included politically
difficult recommendation
such as increasing the Social
Security retirement age and
reducing future increases in
benefits. And while Obama
has promised to overhaul the
corporate tax system, he stops
short of commission recom-
mendations that would low-
er rates but generate addi-

BISX LISTED & TRADED SECURITIES AS OF:
FRIDAY, 11 FEBURARY 2011
BISX ALL SHARE INDEX: CLOSE 1,472.37 | CHG 0.02 | %CHG 0.00 | YTD -27.14 | YTD % -1.81
FINDEX: CLOSE 000.00 | YTD 00.00% | 2009 -12.31%
WWW .BISXBAHAMAS.COM | TELEPHONE:242-323-2330 | FACSIMILE: 242-323-2320

1.04
10.63
4.42
O.18
2.70
2.17
10.24
2.40
6.85
2.06
1.40
5.47
6.51
9.39
5.48

1.00 Focol Class B Preference 1.00

5,00
9.82
10.00

ICD Utilities
J. S. Johnson

Premier Real Estate

7.40
9.82
10.00

Previous Close Today's Close

Change
1.04 0.00.
10.63 0,00
4.42 0.00.
O.18 0.00.
2.70 0.00,
2.17 0.00.
10.21 0.00,
2.40 0.00.
6.85 0.00.
2.08 9,02
1.40 0.00.
5.47 0.00.
6.51 0.00.
9,39 0.00.
5.48 0.00.
1.00 0.00
7.40 0.00
9.82 0.00
10.00 0.00

Daily Vol.

EPS $

tional revenue at the same.
Obama has called for "rev-
enue neutral" fixes to corpo-
rate taxes, meaning they
would neither cost more mon-
ey nor add money to the trea-
sury.

"I'm not suggesting we
don't have to do more," the
president said.

At times defensive, Obama
used his news conference to
offer his own tutorial on how
Washington works.

He voiced exasperation at
what he said was the capital's
impatient culture and its insis-
tence on immediate results.
He said he faced the same
demands on health care, the
military's don't-ask, don't-tell
policy on gays, and on the
uprising in Egypt.

"There's a tendency for us
to assume that if it didn't hap-
pen today, it’s not going to
happen,” he said.

Partisan

He also pulled the curtain
back on the partisan posi-
tioning typical of politics,
while at the same time press-
ing Republicans to join him
at the negotiating table.

"T expect that all sides will
have to do a little posturing
on television and speak to
their constituencies and rally
their troops,” he said. "But
ultimately what we need is a
reasonable, responsible and
initially probably somewhat
quiet and toned-down con-

e EG
e

CAPITAL MARKETS
BROKERAGE & ADVISORY SERVICES

zo

crevieca wT AT.

Div $
0.123
0.013
0.153
-0.877
0.168
0.016
1.050
0.781
0.488
0.111
Go.107F
0.357
0.287
0.494
0.452
0.000
0.012
0.859
1.207

- Obama defends his new
budget of ‘tough choices’



versation about, ‘all right, i
where can we compromise

and get something done.’

Obama at one point over- }
stated the achievements of his }
budget, asserting that by the }
middle of the current decade }
annual federal spending }
would match annual rev- }
enues. "We will not be adding }
more to the national debt,"

he said.

But his budget shows }
deficits as well as debt increas- }
ing every year through 2021, :
and the president later had to }
clarify. The balance in spend-
ing and revenue, he said, }
applied only to the smaller }
"discretionary" portion of the i
budget, not to interest on the }
national debt or to rising }
health care costs in Medicare }

and Medicaid.

"That's going to require
entitlement reform and it's
going to require tax reform," :

he said.

Obama said he also wants }
to work with Republicans to }
find common ground on gov- i
ernment spending for the }
remainder of this fiscal year
and to avoid a government }
shutdown. Stopping the basic i
functions of government }
could damage the economic }

recovery, he said.

"I think it is important to }
make sure that we don't try to }
make a series of symbolic cuts i
this year that could endanger
the recovery," he said. Obama
said cutting too deeply ini
Washington could prompt }
thousands of layoffs in state }
and local governments, which }

would hurt the economy.

"The key here is for peo-
ple to be practical and not }
score political points,” he said. :

"That's true for all of us."

Obama's budget aims to cut
the deficit in part with tax i
increases, including eliminat- }
ing tax breaks for oil and gas }
producers, which have failed }
to win support before under a }
Democratic control Congress. }
The measures face an even }
tougher challenge now that i
Republicans control the }

House of Representatives.

"T continue to believe I'm :
right," he said, when asked }



UM a
PUN aE

SE
We

NEW YORK

The dollar was lower
against the euro and pound
Tuesday after a report
showed retail sales grew only
slightly in January.

The euro rose to $1.3492
late Tuesday from $1.3483
Monday, while the British
pound advanced to $1.6131
from $1.6034. But the dollar
gained to 83.82 Japanese yen
from 83.32 yen, at one point
hitting a two-month high at
83.91 yen.

In the USS., the government
said retail sales rose 0.3 per-
cent last month — economists
had expected gains of about
twice that much. Snowy
weather may have held back
some shoppers, economists
said. Consumers have recently
begun spending more, and the
latest holiday shopping season
was the best in six years.

Economists closely watch
consumer spending since it
accounts for 70 percent of the
country's total economic
activity.

The euro's gains were tem-
pered by continued worries
over a flare-up of Europe's
debt crisis. The euro has
retreated recently from a
three-month high just over
$1.38 struck earlier this
month. European finance
ministers have not yet been
able to come up with a more
powerful plan to fight the cur-
rent crisis, although they
agreed Monday to provide
500 euros ($674 billion) for a
new crisis fund that will come
into force in 2013. The offi-
cials are meeting again in
March. Investors remain wor-
ried that Portugal will become
the third country to require a
bailout, following Greece and
Ireland's emergency aid deals
in 2010.

Greek and Portuguese
transportation workers are on
strike, protesting the cost-cut-
ting reforms enacted to help
Greece and Portugal cut their
debts.

In other trading Tuesday,
the dollar fell to 98.89 Canadi-
an cents from 98.93 Canadian
cents, and fell to 0.9669 Swiss
franc from 0.9703 Swiss franc.

Oil prices fall
On economy ant
Supply concerns

NEW YORK

Oil prices retreated Tues-
day on concerns about grow-
ing supplies of crude in the
US. and weak retail sales
numbers that suggested con-
sumers were spending less
because of high energy prices.

Benchmark West Texas
Intermediate crude fell 49
cents to settle at $84.32 a bar-
rel on the New York Mercan-
tile Exchange. In London,
Brent crude fell $1.44 to settle
at $102.29 a barrel on the ICE
Futures exchange.

US. stockpiles of crude oil
continue to rise, undercutting
the price of benchmark WTI.

The Energy department
releases its weekly report on
petroleum supplies on
Wednesday. Analysts expect
it to show increases in sup-
plies of both oil and gasoline,
according to Platts, the energy
information arm of McGraw-
Hill Cos. Oil supplies have
been growing for weeks at the
Cushing, Oklahoma, hub,
which is the delivery point for
WTI crude.

Energy traders also kept an
eye on anti-government
protests that continued in Iran
and Bahrain after Egypt's
president was forced from
power last week. Demonstra-

why he relied on previously
defeated proposals. "So we're
going to try again." i

His new budget would cut }

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

Security Symbol Change Daily Vol.
Bahamas Note 6.95 (2029) BAH29
Fidelity Bank Note 17 (Series A) + PRET
Fidelity Bank Note 22 (Series B) + FBB22
Fidelity Bank Note 13 (Series C) + FBB13
Fidelity Bank Note 15 (Series D) + FBB15

tions have happened in

Yemen and Algeria as well.
There is concern that unrest
could spread to other coun-

S2wk-Hi S2wk-Low Last Sale Interest
99.46 6.95%
100.00 . 7%
100.00. Prime + 1.75%
100.00. 3 7%

100.00 Prime + 1.75%

20 November 2029
19 October 2017
19 October 2022

30 May 2013
29 May 2015

1.4076
2.8300
1.5114
2,8522
13.0484
101.6693
99.4177
1.0000
1.0000,
1.0000
9.1005

10.0000

9.1708

4.8105

RoyalFidelity Merchant Bank & Trust Ltd. (Over-The-Counter Securities)

Symbol
Bahamas Supermarkets
RND Holdings

Bid &

5.01
0.35

Ask ®
6.01
0.40

Last Price

0.55

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

ABDAB
RND Holdings:

Fund Name
CFAL Bond Fund
CFAL MSI Preferred Fund
CFAL Money Market Fund
Royal Fidelity Bahamas G & I Fund
Royal Fidelity Prime Income Fund
CFAL Global Bond Fund
CFAL Global Equity Fund
FG Financial Preferred Income Fund
FG Financial Growth Fund
FG Financial Diversified Fund
Royal Fidelity Bah Int'l Investment Fund Principal
Protected TIGRS, Series 1
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

30, 13:

0.45

31,59
0.55

29.00
0.55

BISX Listed Mutual Funds

NAVY
T5a17S
2,5527
1.5808
2.7049

13.4164
114.3684
106.5528

1.1465
1.1185
1.1491

9.7950

10.6417

10.1266
8.4510

YTD%
5.51%
0.18%
0.43%
-0.56%
0.44%
9.98%
4.75%
5.20%
4.73%
5.35%

4.85%

-1.20%

1.27%
0.72%

MARKET TERMS

Last 12 Months %
6.90%
1.61%
4.59%

-15.54%
-0.10%
12.49%
7.18%
5.20%
4.73%
5.35%

5.45%

0.50%

1.27%
8.95%

Daily Vou.

NAV 3MTH
1.498004
2.918697
1.550241

109.392860
100.779540

EPS %

BISX ALL SHARE INDEX - 19 Dec 02 = 1,000.00
52wicHi - 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

(S) - 4-for-1 Stock Split - Effective Date 8/8/2007
(S1) - 3for-1 Stock Split - Effective Date 7/11/2007

YIELD - last 12 month dividends divided by closing price
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

Div &
0.000
0.000

-2.945
0.001

4.540
0.002

0.000
0.000

NAV GMTH
1.475244
2.910084
1.533976

107.570619
105.776543

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

30-Nov-10
30-Nov-10

31-Jan-11
31-Jan-11

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

TO TRADE CALL: CFAL 242-502-7010 | ROYALFIDELITY 242-356-7764 | FG CAPITAL MARKETS 242-396-4000 | COLONIAL 242-502-7525

spending on popular energy }
assistance programs and com-
munity development projects. :
Obama took note of the harsh :
impact that cuts can have on }

individual Americans.

But he said the most impor-
tant thing he can do as presi- }
dent is focus on the long-term
stability of the economy to }
help the largest number of

people.

"I definitely feel folks' }
pain," he said, mentioning the }
gripping stories recounted in i
the 10 letters a day that he }
reads from among the thou- }
sands received at the White }
House. "You want to help }
every single one individual- }

ly.

tries and disrupt oil shipments
from OPEC countries. Iran is
the second-largest oil exporter
in the Organization of Petro-
leum Exporting Countries
behind Saudi Arabia.

"Investors had been wor-
ried about Algeria and Jor-
dan, Yemen and the Arab
Gulf states," energy consul-
tants Cameron Hanover stat-
ed. "It seems that everyone in
power is nervous."

In other Nymex trading in
March contracts, heating oil
fell 2.14 cents to settle at
$2.7290 a gallon and gasoline
lost 2.86 cents to settle at
$2.4888 a gallon.

Natural gas rose 5.1 cents
to settle at $3.976 per 1,000
cubic feet.

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



THE TRIBUNE

Aes

HERE are few
things more deli-
cious and satisfying
onahot summer day
than a thick wedge of

watermelon.

To be able to enjoy our own fruits
we must plan in advance for water-
melons are true 120-day crops and
any seeds we sow now will give sat-
isfaction in May or June.

Watermelons originated in West
and Central Africa and naturally
grow inthe silty areas near rivers.

We have no rivers in the Bahamas
so we must try to replicate ideal con-
ditions as best we can.

Virtually all members of the
cucurbit family enjoy well-manured
beds to grow in but watermelon is an
exception and demands well drained
soil with little or no compost.

It also demands plenty of water
and fertiliser for the fruits are among
the largest that most home gardeners
ever grow.

A regular garden area can be
readied for watermelons by the addi-
tion of sand that, of course, should
not be salty beach sand.

Builder supply companies sell

sand in 50-pound bags that will do
the job admirably.

The spacing for watermelons is a
touchy subject.

When watermelons are grown in
an area where there are no mrigation
facilities they should be spaced well
apart — up to six feet. If irrigation is
available then they can be sown
much closer together.

The classic squash and melon for-
mula of seeds planted a foot apart in
a triangle will work as long as the
supply of water and fertiliser is ade-
quate.

Watermelons come either spher-
ical or elongated, though the Japan-
ese have a technique where they
grow round watermelons in tem-
pered glass five-sided boxes in
order to produce square watermel-
ons. These are much easier to pack
for shipping but are very expensive.

Small, round watermelons are
called Icebox melons because they
can fit into the average refrigerator
comfortably.

There are also triploid or seed-
less watermelons that retain seed
scars but have no spittable seeds. In
order to grow these you must also
grow standard watermelons in order
to provide pollination.

va

id aetna 4 sor"

cae Oe

ENTERTAINMENT

Initial growth for watermelons
should be quick in order to establish
healthy vines. The soil should be
well fertilised and watered on a reg-
ular basis. Once fruits are estab-
lished the demand for water
decreases and during the ripening
stage should be minimal.

It seems strange that a fruit called
watermelon should need little water
in its later stages of growth, but that
is the way it goes.

Too much water will either pro-
duce insipid-tasting flesh or cause
the fruit to split.

It would be a shame to spend so
much time growing watermelons
and then pick them too early when
they lack optimum sweetness.

There are many claims as to the
best way to test for ripeness and
these have often been developed by
people who grow watermelons com-
mercially and can afford to lose a
few while experimenting.

An experienced watermelon
farmer can spank his fruits and tell
from the sound whether they are
ripe or not.

With a single watermelon to test
the home gardener would have no
comparisons.

So do not spank your watermel-

WEDNESDAY, FEBRUARY 16, 2011, PAGE 9B



ons. Instead, check the stem and
tendril where the fruit attaches to
the vine. At the ripe stage these dry
off.

Also check the colour on the bot-
tom of the melon where it has been
lying on the ground. The white
patch turns to a distinct straw yellow
when the fruit is ripe.

DELICIOUS: Watermelons
originated in West and Cen-
tral Africa and naturally grow
TU IN emcee

Always err on the side of caution.
When I am sure a watermelon is
ripe I always leave it for an extra
day or two anyway, unless I have
two at the same stage.



+ For questions or further information
e-mail gardenerjack@coralwave.com.



es of what we the

Bahamas looked like 40...50...60...

years in the past

SIR Durward Knowles, the Bahamas’ very first Olympic Gold medal
winner, seen here sailing his Star Class boat with Prince Philip on
Montague Bay. He later met Prince Philip at a party held for the Gov-
ernor Awards. Sir Durward was Nassau’s leading pilot responsible for
thousands of cruise ships entering Nassau Harbour.

TO DISCUSS STORIES O

BY ROLAND ROSE

RIBUNE242.C





PAGE 10B, WEDNESDAY, FEBRUARY 16, 2011

THE TRIBUNE





e

The Tribune

.

r

__4a_|



|









In addition to these two concerts and as a

UNIQUE multi-instrument
quartet whose music once
ccompanied a Canadian
astronaut on a NASA flight into
space will be performing two con-
certs in Nassau this weekend.

The Nassau Music Society presents ‘Quar-
tetto Gelato’, which for over a decade now has
dazzled audiences and critics around the world
with classical masterworks, operatic arias, the
sizzling energy of tangos, gypsy and folk songs.

The well-known Canadian ensemble is com-
prised of Peter DeSoto (tenor, violin, man-
dolin); Alexander Sevastian (accordion, piano,

bandoneon); Elizabeth McLellan (cello), and
Colin Maier (oboe, clarinet, English horn and
many more).

The first concert will take place this Friday
at the College of the Bahamas Performing
Arts Centre at 8pm.

Then on Saturday, the quartet will perform
at St Paul’s Church Hall, Lyford Cay at
7.30pm.

Audiences can expect a repertoire that trav-
els the globe.

The programme will include Tango Del
Mare, Konzerstuck Opus 79 , Al Di, Oboe
Concerto, Meditango, Suite Latinoamericana
and Besame Mucho, among others.

part of the Nassau Music Society’s programme
to educate young Bahamian musicians, Quar-
tetto Gelato will hold a free master class
tomorrow from 12noon-2pm at the Performing
Arts Centre of the College of the Bahamas.

Attendance is free and open to those who
would like to watch and learn.

The concerts were organised by the Music
Society in association with Societe Generale
Private Banking, Colina, Royal Star Assur-
ance, and Pictet.

The two-night event is being held under the
patronage of Governor-General Sir Arthur
Foulkes.

MEET THE MEMBERS OF QUARTETTO GELATO



kar “y

PETER DESOTO
(tenor, violin, mandolin):

Critics have described him as
a remarkable talent who pos-
sesses the ability to perform not
only as a classical musician but
also as a spirited gypsy virtuoso
with the added bonus of a bril-
liant operatic tenor.

His voice repertoire ranges
from light pop, to authentic Irish
folksongs, to the great Italian
operatic arias including Turan-
dots “Nessun Dorma”.





Â¥

ALEXANDER SEVASTIAN

(accordion, piano, bandoneon):

He has won four international
accordion competitions including
the Oslofjord in Norway (1998),
The Cup of the North in Russia
(2000), the Anthony Galla-Rini
Accordion Competition in the
United States (2001), and The
Coupe Mondiale, also in the Unit-
ed States (2007).

Born in Minsk, Belarus, Alex
began his studies on the accor-
dion at the age of seven.

He received his Masters in Per-
formance degree in 2002, studying
with renowned performer and
pedagogue Friedrich Lips.



ELIZABETH MCLELLAN
(cello):

She has performed as a soloist
in front of orchestras across
North America and has toured
other countries such as China
and Korea.

In addition, she is a regular
performer for Toronto’s Sound-
streams series, and recently had
the opportunity to premiere R
Murray Schaffer’s new work
“The Children’s

Crusade”.

She also works with numerous
orchestras and chamber ensem-
bles throughout Ontario includ-
ing the Kitchener-Waterloo
Symphony, the Thunder Bay
Symphony and

Orchestra London.

Bieber is extra dreamy in 3D ‘Never Say Never"

CHRISTY LEMIRE
AP Movie Critic

PART biopic, part concert film and
all crowd pleaser, “Justin Bieber: Nev-
er Say Never" is a big, glossy celebra-
tion of the musical phenomenon that
knows exactly what it needs to do to
send its target audience of ‘tween girls
into a tizzy of giddy screams.

That includes an unusually effective
use of 3D from director Jon M Chu
("Step Up3D"), so get ready for plen-
ty of shots of Bieber looking longingly
into the camera, reaching out to grab
your hand while singing one of his
infectious pop tunes. (And parents, get
ready for temporary hearing loss.)

Bieber would be an easy target for
anyone who's graduated from junior
high school: He’s 16, smooth and pret-
ty, with an androgynous look that

recalls Hilary Swank in “Boys Don't
Cry" and a playful, non-threatening
way about him. And that hair ... that
famous mane that flips back and forth
and always lands just right in a soft,
feathered swoop.

But as Chu's film reveals through
home movies from Bieber's small Cana-
dian town of Stratford, Ontario, early
‘YouTube clips and interviews with the
people who discovered him, he's preter-
naturally gifted, freakishly poised and
incessantly hardworking. From the
sense of rhythm he displayed at age
two to his confident busking outside a
theater at age 12 to the chutzpah he
showed in approaching his eventual
mentor, Usher, and offering to sing for
him just a couple years ago, Bieber has
always seemed fearless, yet somehow
grounded.

Sure, "Never Say Never" plays like

an extended infomercial for Bieber,
similar to recent 3D movies about
Miley Cyrus and the Jonas Bros. We
get no sense of who Bieber really is,
whether he has any fears, if he gets sick
of touring and misses normal-kid stuff,
what he thinks about the hordes of girls
who tremble and flail at the very men-
tion of his name.

But along those lines, Chu does an
excellent job of conveying the incom-
parable thrill of being young and burst-
ing with love for your first idol crush;
the footage of girls sobbing and hugging

actually gets repetitive, and “Never Say ,

Never" probably could have been about
15 minutes shorter. But whether you
grew up worshipping Paul McCartney

or Shaun Cassidy, Michael Jackson or

of RNa ITAA cae
miere-of "Never Say Never" in New York
OTe let aM mL Ub peer Ca

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

Justin Timberlake, you'll relate.
“Justin Bieber: Never Say Never," a
Paramount Pictures release, is rated G.





FEBRUARY 17 - FEBRUARY 20
ATLANTIS’

“ROCK ‘N ROLL”
FANTASY CAMP

¢ Atlantis hosts a “Rock
‘n Roll” fantasy camp head-
lined by the legendary Tom-









































COLIN MAIER

(oboe): my Lee and features Ace
He was graduated from the Frehley and Lita Ford
University of Calgary in 1997 among other rock ‘n roll

with a degree in oboe perfor-
mance studying with David Suss-
man.

In 2002, he was a featured Jazz
oboist at the International Dou-
ble Reed Festival where he per-
formed and conducted a jazz
master class with legendary jazz
bassoonist Michael Rabinowitz.

In addition to oboe, Colin also
plays clarinet, English horn, vio-
lin, five-string banjo,
acoustic/electric bass, piano, sax-
ophone, flute, guitar and har-
monica.

greats that have all come to
jam with campers. Cost:
Starts from $4999/per per-
son.

FEBRUARY 19 - SATURDAY
47TH ANNUAL
HEART BALL

¢ The Sir Victor Sassoon.
(Bahamas) Heart Founda-
tion celebrates 50 years and
invites you to attend the
47th annual Heart Ball at
the Sheraton Nassau Beach
Resort under the theme
“Saving Little Hearts for 50
‘Years, One Beat at a Time”.

Agenda includes a silent
auction, presentation of the
Lady Sassoon Golden Heart
Award, entertainment by
Soulful Groovers, RBDF
Dance Band and Ed Brice
Orchestra, and an in-house
raffle with a prize of a
round-trip to London. Cock-
tails: 7.15pm. Dinner:
8.30pm. Tickets: $250. T:
327-0806.



FEBRUARY 19 - SATURDAY
A DANCE
COMPETITION
TO REMEMBER

* Showboyz Entertain-
ment presents “A Dance
Competition to Remember”
at The Tennis Centre featur-
ing Na Jie Dun and Major
Boy Dunna. Tickets: $5/in
advance available at the
Jukeboxx.





THE TRIBUNE WEDNESDAY, FEBRUARY 16, 2011, PAGE 11B

LADY GAGA

FARAH SA
OE ane cy
dig the concept of the egg or the
womb simply because it fit so
tremendously with the “Born
BUTE CC ca

TMM CaS Ry
POU ROE MENU
black stage costume wa:
hideous, Gaga, hideo

LESH SAYS: Okay, the egg
did not surprise me at all
because I was expecting her to
come with something really out
ts

Her

ly grand. I also
i

LADY GAGA arrives at the 53rd annu-
al Grammy Awards being carried in
an alien type egg. She later emerged
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RIHANNA arrives at the 53rd annual Grammy Awards on Sunday in
Los Angeles wearing one of her favourite designers, Jean Paul

Gaultier. (AP)

The competition heats
up as the contestants
start Hollywood week

BY LESH

LAST Wednesday on Ameri-
can Idol the tough part of the
competition started when Steven,
Randy, and Jennifer set off for

Hollywood to prepare for the
crucial part of the elimination
process — separating the wheat
from the chaff as they judged the
performances of the golden tick-
et winners.

The voting is at this point still

This Way.” (AP)



FROM left, Philip Lawrence, Bruno Mars, and Ari Levine arrive at the 53rd annual Grammy Awards on (AP)

RIHANNA

FARAH SAYS: Okay Ri Ri, we
get that you love to take risks
because you are a fashionista, but
was there something about Christ-
mas that you missed? You might as
well have shown up on the red car-
pet in the nude because this dress
screams “look at me, look at me”.
Next time try something with a little
more class and elegance, can you
do that?

LESH SAYS: Coming from a
huge Rihanna fan like myself, I per-
sonally love everything that she
decides to go with, but the dress
was a bit revealing, too much skin
was on display.

NICK! MINAJ
FARAH SAYS: Dear old Nicki,
you never cease to amaze me. |
must say the entire leopard look
was eye-catching and | actually
think you pulled the look off. It’s
something about its unusualness or
the “I don’t care if I am the
worst dressed”



in the hands of the three judges
and we can only hope they will
make the right decisions so we
can have a worthy American Idol
winner in the end.

Hollywood week saw tears and
broken voices, but also happy
faces.

For Nick Fink and Jacqueline
Dunford, the couple which was
highlighted for its extreme
“lovey-doveyness”, the week
brought heartache and separa-
tion.

While Jacqueline moved ahead
to the next round, her boyfriend

attitude that’s captivating. Maybe
Rihanna can take a few tips from
you because you know how to think
outside the box without looking too
risqué.

LESH SAYS: Yuck! I was sitting
in front of my television set trying to
figure out what animal Nicki Minaj
had slain on her way to the red car-
pet. I love Nicki’s music and her
surprising sense of fashion, but here
she looks like she dressed in a cheap
cheetah outfit.

JUSTIN BIEBER

FARAH SAYS: I don’t know if
it’s the all white or the size, but
there is definitely something unflat-
tering about Bieber’s tuxedo. And
like Joan Rivers said on E!’s Fash-
ion Police, “Bieber you are rich,
you don’t need to buy suits you
have to grow into.”

LESH SAYS: I feel like a cougar!
I definitely get the Bieber Fever
every time I see Justin at a red car-
pet event. His sense of style and
fashion is super fly, like his men-
tor, Usher. Love the Beebs.

was sent home. And regardless of
the somewhat embarrassing
pleading on his part, the judges
would not be moved.

Hurt by the shocking decision,
Nick did not want to leave the
arena and begged Randy for
another chance, only to be told,
“no man, go away”.

Nick left but kept singing the
whole way down the aisle to the
exit, still hoping for a last-minute
reprieve.

Following Nick in the line-up
were two favourites of mine,
Travis Orlando and Tiffany Rios,



BRUNO MARS

FARAH SAYS: Four words —
sleek, chic and perfectly tailored!

LESH SAYS: I have no idea
when exactly Bruno Mars officially
came out as an artist, but recently
he is starting to grow on me. From
his smooth sophisticated look, to
his soothing vocals. Bruno Mars has
definitely came into his own, one
of the best.

KATY PERRY

Farah says: Is this even a dress?
Lesh says: I came to a conclusion
that she wanted to fly! That is all.

CIARA

FARAH SAYS: Superhero Ciara
to the rescue! The dress isn’t entire-
ly ugly. I think maybe if you chose
another pair of shoes Ciara, you
would have looked much better.

LESH SAYS: Why Ciara, why!?
I thought it was the Grammy
Awards not the awards for the best
dressed superhero, come again
please.

the contestant known for her
New Jersey star breasts.

Tiffany started her audition
with a little attitude; she said told
the judges: “I’m tired of seemg
people trying to do what I know
Ican do.”

JLo said despite her attitude
she still loves her.

Travis sang “This Love”, but
the round unfortunately did not
end in love for him.

Tiffany made it through to
another week and another chance
to be the next American Idol
while Travis was sent packing.

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











WEDNESDAY, FEBRUARY 16, 2011
: a

.
.

. ~\



sf «



Body piercing has become extremely popular. They range from a
number of ares including navel piercings, dermal piercings, piercing
about the breast and ear cartilage piercings.



o







By ALESHA CADET
Tribune Features Reporter

IKE most forms of
body art which are
popular today, pierc-
ing is a form of body modifi-
cation that has been around
for millennia.

Mummified remains that are over 5,000
years old were discovered to be sporting ear-
rings; nose piercings are estimated to have been
around since 1500 BCE, and the first mentions of
nipple piercings can be found in writings from Ancient
Rome.

While piercings in these eras were often done with
religious motives in mind or to signify status within a
society or a rite of passage undergone, people today
tend to get body piercings mostly for decorative rea-
sons.

‘Young people often want to make a statement about
their personality and individuality with an unusual
piercing.

And the possibilities when it comes to piercing body
parts are endless.

Having your ears pierced is an extremely common
and easy practice, however, creating openings in your
skin on other body parts can sometimes come with
risks and should be done by a specialist.

In an interview with Tribune Art, Mac Charles of
Nassau Ink said he considers piercing a true art form.

“Art to me is expression of one’s self; ideas, feelings,
painting a picture of your life to others. With piercings
I think you definitely deliver the message, ‘I’m bold,
brave, daring’,” he said.

At the moment, he said, dermal piercings are hot.

“That’s where you have a stud/anchor protruding out
of your skin, for example your knee caps, elbow, chest
and back,” Mac explained.

A professional in the piercing business for five years
now, Mac said the inspiration to choose this career path
came from wanting to do something challenging in
his life.

“TI would say I was more or less motivated by my
peers seeing piercing as a challenge, and I wanted to
overcome that challenge and fear,” he said.

Starting in the business at the age of 24, Mac said his
first experience with a client was nerve-wracking.

“T think I was probably more nervous and frightful
than my client, but she and I did great.”

When dealing with individual clients over the years
he has learned to rely on his instincts and experience.

“Don't let a client tell you this the way to go when
you know better; at the end of the day you have a
reputation to keep and everyone's pain tolerance is dif-
ferent.”

Asked about the craziest body piercing he’s ever
done, Mac said: “I've been doing this a lil’ while, so I
wouldn't really consider nothing crazy right now
because I’ve almost done them all.”

However, his most dramatic experience was when a
woman fainted before the piercing process even start-
ed, he said.

“Her partner said that was the norm for her, after
about five minutes or so she got up, got her piercing
and left like nothing ever happened. But people do
change there minds on the regular, but people that usu-

In Ya Ear
Grammy

Fashion |

Police

SEE PAGE 10

ally

come

for piercings

are more — set,
focused and determined to
get what they came for.”

Tribune Art got the chance to speak to a few body
art fans that shared their piercing stories.

Char Rolle* said she used to have a ‘snake bite’
piercing (a set of two lower lip piercings, one on either
side).

ae the first time I saw it, it was from a lead
singer of my favourite band. I have always been into
body modification and I think it is an interesting sub-
culture which has a lot of roots in the African cul-
ture,” she said.

However, Char said that she grew weary of having
such a noticeable piercing.

“T took it out because I was actually getting tired of
it, it was starting to pretty much define me. I did not
like the image that was being associated with it. When
I got it in 2006 there was no Bahamian woman that
knew on the island that had it,” she said.

Another piercing fan, Stan Lewis*, had this to say: “
had the labret piercing (a piercing that is below the bot-
tom lip, above the chin) and I got it because I thought
it would look good on me. I didn’t really have areason
to take it out besides getting a new job. The experience
was a little scary, it itched more than it hurt, but
actually want to do it again.”

Before getting your first piercing you should be 100
per cent sure it is what you really want, Mac said.

“T would say make sure you are positive about what
it is that you want, make sure the piercer/body modi-
fication specialist comes highly recommended, an
that the person uses brand new sterile needles.”

“Tf you want to avoid major health risks, you want to
make sure your artist uses brand new needles to avoi
the spread of Hepatitis B or C and HIV. Also, you
would like initially to get pierced with stainless steel or
a safer metal to avoid any allergic reactions to other
metals, for example gold, nickel or anything that looks
cheap. After your artist does these things, the rest is in
the client’s hands. If you want your piercing to heal!
properly, keep it cleaned and follow your artist’s
instructions.”

When it comes to the healing process everyone is dif-
ferent, he said.

“The healing time (varies) depending on body part
and also person. Because we all don't heal the same.
For instance, cartilage areas tend to usually take a
longer time to heal compared to the softer parts of your
ear.”





THE TRIBUNE

E
S ir |
} |

WEDNESDAY, FEBRUARY 16,

NOTES

BASKETBALL
BBF COACHES

CLINIC

* THE Bahamas Basket-
ball Federation will be con-
ducting a FIBA Coaches Cer-
tification Clinic level II for all
basketball coaches through-
out the Bahamas on Friday,
February 18th from 7-9 p.m.
and on Saturday, February
19th from 9 a.m.-5 p.m. at the
College of The Bahamas.

Only those coaches who
have passed level 1 will be
allowed to take level II.

The course will be con-
ducted by oach Larry Brown,
a highly experienced and
accomplished FIBA certified
coaching instructor. Brown
has taught FIBA coaching
clinics throughout the United
States, the Caribbean and
Canada.

The cost of the clinic is
$30:00 pre-registered or
$40:00 at the door.

The primary reason why
the Bahamas Basketball Fed-
eration organised the courses
is to increase the pool of
qualified coaches in the
Bahamas with a view to
improving the quality of
coaching in our various
leagues and youth develop-
mnent programmes.

Upon completion of the
course participants would
receive a certificated
FIBA/BBF certificate level
Il.

Individuals who are inter-
ested in participating in the
clinic are asked to contact
Sean Bastian email: sbast-
ian@cob.edu.bs or call 242 -
302-4591 as soon as possible.
eocasareccacses
CYCLING
NPCA CALENDAR

¢ THE New Providence
Cycling Association will begin
its 2011 season on Saturday
with a 30-mile race race start-
ing from the Clifton Heritage
Parking lot at 7:45 a.m. Mus-
grove’s Inc. will organize the
event.

The next event on the cal-
endar will be the Biathlon that
will begin at Mount Plesant
Village, Lyford Cay, starting
at 8 a.m. The event is being
organized by the Potcakes

‘ling Chab.
@ocene
SOFTBALL
EXUMA CHURCH

SOFTBALL LEAGUE

¢ THE Exuma Church Soft-
ball League will continue its
regular season action this
weekend with the following
games on tap:

Friday’s schedule

6:30 p.m. St. John’s vs
Church of God.

7:30 p.m. Soul Winners vs
Mt. Olive.

8:30 p.m. St. Peter’s vs
Bethel Baptist.

9:30 p.m. Mt. Ebenezer vs
Palestine.

Saturday’s schedule

6:30 p.m. Soul Winners vs
Mt. Ebenezer.

7:30 p.m. Mt. Carmel vs
Church of God of Prophecy.

8:30 p.m. Church of God vs
Seventh-Day.

9:30 p.m. St. Margaret’s vs
Palestine Baptist.




ATE TH
U1

Ain

THE Westminister Diplo-
mats were riding an undefeated
season for the past four years as
they began their quest for
another senior boys basketball
championship title in the
Bahamas Association of Inde-
pendent Secondary Schools.

But on Monday night at the
Kendal Isaacs Gymnasium, the
St. John’s Giants snapped their
winning streak with their 81-79
decision over the Diplomats in
game one of their series.

SEE page 2E

ORO DETOUR Rake) aie



SECTION

KNIGHTS
ROUT
PACERS

41-18
SEE STORY PG 3E



2011



‘

THREE-PEA

Defeat Scorpions to sweep series

i

































By RENALDO DORSETT
Tribune Sports Reporter
rdorsett@tribunemedia.net

SHAVONNIA Adderly again
proved herself te be ce of the most
unstoppable players in GSSSA
Junior Girls basketball as she deliv-
ered another impressive individual
performance to lead her team to a
series clinching win.

Adderly finished with a game
high 17 points to lead the $C
McPherson Sharks to 30-23 win
over the D.W Davis Pitbull to
sweep the championship series yes-
terday at the Kendal Isaacs Gym-
nasium.

Adderly shot 5-15 from the field
and 7-18 from the free throw line
while she also led the Sharks with
seven rebounds.

Valarie Nesbitt chipped in with
seven points and five rebounds and
Danya Knowles added four off the
bench.

Brushea Bain led the Pitbulls with
13 points. However no other Pit-
bull player managed to score more
than a single basket.

The Sharks shot just 22 percent
from the field but the slim differ-
ential in made field goals (9-7) and
at the free throw line with free

SEE page 5E

STRONG TO THE HOOP: DW Davis Pitbulls point guard Shakwon Lewis drives to the
basket against the defense of the TA Thompson Scorpions. Lewis finished with eight
points, five rebounds and six assists in the Pitbulls 52-49 win at the Kendal Isaacs Gym- J
nasium to claim their third consecutive GSSSA Juinor Boys title.



m4

By RENALDO DORSETT
Tribune Sports Reporter
rdorsett@tribunemedia.net



THE DW Davis Pitbulls faced a much
tougher fight to the finish in perhaps their
toughest test yet of the season, but the
lefending GSSSA Junior Boys champi-
ons successfully held on for a series clinch-
ing win and claimed their third consecutive
title.
The Pitbulls withstood a late rally from
the T.A Thompson Scorpions to sweep
the series and finish the season with an
unblemished record, 52-49.

Rohann Adderly came up with a game
clinching steal at half court as time expired
to deny the Scorpions an opportunity to
hoist a shot on their final possession.
Three Pitbulls placed three players in
ouble figures led by Nigel Rolle with a
side high 16 points.
Shamir Rolle finished with a double-
ouble with 10 points, a game high 14
rebounds and a game high six blocks while
Wilton Johnson finished with 14 points.
Floor general Shakwon Lewis controlled
the pace of the Pitbulls offense with eight
points, five rebounds and a game six assists.
The Pitbulls led by double figures for
much of the contest, however the Scorpi-
ons closed to within a single possession
late in the fourth quarter.

Shamir Rolle gave the Pitbulls and 11
point advantage on a layup for a 46-35
lead with 3:25 left to play.

The Scorpions would respond with a 9-

SEE page 4E










r,.

Sharks take GSSSA junior girls title

Z



a S / FY.

NUMBER ONE: THE SC McPherson Sharks celebrate after claiming the Junior Girls GSSSA Basketball Championship. The Skarks
took a 30-23 win over the DW Davis Pitbulls to complete the series sweep yesterday at the Kendal Isaacs Gymnasium.





PAGE 2E, WEDNESDAY, FEBRUARY 16, 2011

TRIBUNE SPORTS







adh

Top high school runners to compete in the NACAC

By BRENT STUBBS
Senior Sports Reporter
bstubbs@tribunemedia.net

THE Bahamas Associations of
Athletic Association will be sending
two of the top high school distance
runners to compete in the North
American and Central American and
Caribbea (NACAC) Cross Country
Championships.

Leonardo Forbes and Audley
Carey, coached by Bernard Rolle,
will be leaving town on Friday to
compete on Saturday in Trinidad at
the championships. They are expect-
ed to return home on Sunday.

“These are two experienced guys
so I expect them to do very well,”
said Rolle yesterday at a team mem-
ber with the athletes at the Thomas
A. Robinson Track and Field Stadi-
um.
Rolle said with Carey having com-
peted before, he expect that he will
provide the support that newcomer
Forbes will need to get through the
race.

“T haven't seen Forbes compete
at that level, but I’ve watched him
here at home and he has performed
very well. So I expect great things
from him, just as I do with Carey.”

Carey, a 17-year-old 12th grader
at St. Augustine’s College, will be
competing in his second cross coun-
try championships, having attended
the 2009 championships in Or;ando,
Florida.



try to the best of my ability,” Carey
stressed. “Hopefully I can turn in a
personal best. But if the medal come,
I will take it.”

Having gotten a chance to com-
pete before, Carey said he’s antici-
pating another competitive champi-
onships because all of the countries
in the North American and
Caribbean region will be competing.

“T think this is going to be a pretty
good trip. It’s a small team, but we
are expecting some big things,” he
projected.

Forbes, a 123th grader at Zion
Christian Academy, will be making
his debut, but he’s just as eager to
compete as Carey.

“[’m going for the first time, but I
will try to go for the gold,” he
stressed. “I want to represent my
country to the best of my ability and
hopefully do very well.”

Although he’s never been to the
championships, Forbes said he has
heard how intense the competition is,
so he just want to go out and per-
form as best as he could.

As for the team, Forbes said “I
feel pretty good about the two of us.
Hopefully we can both go out there
and do our PR. If we can do that,
’m confident that we will perform
very well and could get a chance to
compete for a medal.”

Forbes was the winner of the
BAAA’s National High School
Cross Country Championships in
November, beating out Carey in a



“T’m just looking forward to going
over there and representing my coun-



Charlotte.

eenly contested match-up at Fort



——————= =

READ TO RUN: Coach Bernard Rolle is pictured left along with the two distance runners he



Tim Glarke/Tribune staff

will take to the NACAC Cross
Country Championships this weekend in Trinidad. They are Audley Carey and Leonardo Forbes.



TRACK MEET: Coach Dianne Woodside is pictured in the middle of the pack of her athletes from the Club Monica Track Club. The club will host its 8th annual track and field



meet this weekend at the Thomas A. Robinson Track and Field Stadium.

Eighth annual Club Monica Athletics
Track and Field Classic set for this Friday

By BRENT STUBBS
Senior Sports Reporter
bstubbs@tribunemedia.net

ATHLETES wishing to
make the various national
teams this year will have a
golden opportunity to quali-
fy this weekend when they
compete in the eighth annual
Club Monica Athletics Track
and Field Classic.

The classic will begin on Fri-
day at 6 p.m. at the Thomas
A. Robinson Track and Field
Stadium and wrap up on Sat-
urday at noon. The meet will
be enable athletes to compete
in both the heats and the
finals.

“We've had seven very suc-
cessful track and field classics
starting from 2004 and have
averaged approximately 800

athletes in competition,” said
Club Monica president and
head coach Dianne Woodside.

Athletes will get the chance
to qualify for the Carifta
Games, scheduled for March
23-25 in Montego Bay,
Jamaica; the Junior Pan
American Championships in
Miramar, Florida from July
29-3land the World Youth
Championships.in Lille,
France from July 6-10.

While the focus will be on
the athletes attempting in the
under-17 and open divisions
to qualify for the junior inter-
national meets, athletes will
also compete in the under-7,
under-9, under-13 and under-
15 divisions.

Woodside said they are
expecting athletes from
Grand Bahama, Exuma,

Eleuthera and Andros to jom
all of the local clubs in the
meet over the weekend.

“The girls are always excit-
ing, so we are anticipating that
the 100, 200 and 400 metres
will all be very exciting,”
Woodside said. “Of course,
we will have the heats and the
finals, so you should end up
seeing the top eight athletes
matched against each other
in the final.”

With the season well under-
way, Woodside said the fans
can expect to see some stiff
competition because the ath-
letes all should be in very
good shape at this point in the
season.

Natiska Johnson, a 10th
grader at St. Andrew’s High
School, has just recently
joined Club monica Track



Club, but she indicated that
she’s quite pleased with her
progress going into the meet.

“This weekend, I’m hoping
that I can qualify for the
Carifta Games in the 300 hur-
dles in the under-17 girls divi-
sion,” said Johnson, who has
been converted by Woodside
from the sprints to the hur-
dles.

“Last weekend, I was doing
very good, but I fell over the
hurdles, so I’m hoping this
weekend, I can improve on
my performance and qualify
for Carifta.”

Johnson assured the fans
that they can expect to see a
very competitive meet this
weekend.

Charles Sealy, a 16-year-old
11th grader at St. Augustine’s
College, has already qualified

Tim Clarke/Tribune staff

ae =

for the under-20 boys javelin,
but his goal is to duplicate
that feat for the Jr. Pan Ams.

“T will have to go out and
do my best because the com-
petition is very stiffin my age
group, the under-20 division,”
Sealy stated. “But this is our
meet, so I have to really go
out there and perform at my
best.”

Trained by Woodside, a
former national record holder
in the women’s 100 hurdles,
said he ws coming back from
a four-month break from
competing.

“But what she taught me
four months ago, I was able to
build on that, so it just sghows
that what she tells you really
stick,” Sealy proclaimed. “She
really know what she’s
doing.”



Giants

FROM page 1E

Kristoff Wood, who strug-
gled all during the game,
camned a three-pointer with just
1.3 seconds left on the clock to
seal the upset in the rematch
of last year’s championship
series that was never complet-
ed.

Wood ended up with just five
points, all coming in the fourth
quarter, but once again Kieran
Mortimer led the attack for the
Giants, coached by Chercovie
Wells, with a game high 29.
Anwar Neilly added 20, Earmal
Munroe had 15 and Anthony
Neilly chipped in with eight.

For the Diplomats, coached
by Geno Bullard, Marako
Lundy scored 25 before he
fouled out; Daniel Bullard had
17; Van Hutchinson had nine

before he also fouled out; Ste-
fan Miller had eight and
Thomas Mackey seven in the
loss.

Game two of the series will
continue on Friday along with
the senior girls and both the
junior boys and girls.

St. John’s is also leading the
Queen’s College Comets 1-0in
the senior girls after taking a
42-33 victory in game one on
Monday; the Queen’s College
won 55-38 to go up 1-0 on
defending champions St.
Augustine’s College Big Red
Machine in the junior boys and
St. Augustine’s College stumned
the Temple Chirstian Suns 38-
35 in overtime to snatch a 1-0
lead in the junior girls division.

The games were pushed back
due to the Government Sec-
ondary Schools Sports Associ-
ation using the Kendal Isaacs
Gymnasium this week for their
best-of-three championship
series as well.



LONG ISLAND BASEBALL
ASSOCIATION 2011 SEASON

LONG ISLAND Base-
ball Association opened its
2011 season on Saturday
January 8th in grand style.

The league continues
to grow with 90 Players on
7 team's in two age brack-
ets: (Coach Pitch and 12 &
Under).

Long Island is looking
forward to sending two
teams to participate in the
“Oth Annual Andre
Rodgers National Baseball
Championship” scheduled
for June this year.

League President Dan
Weightman and team is
excited about the growth
and participation from the
kids on the island and are
looking forward to a very
successful year.

Suns outshine
Falcons to remain
undefeated

By BRENT STUBBS
Senior Sports Reporter
bstubbs@tribunemedia.net

ANOTHER tournament,
another title for the Temple
Christian Suns.

This time their feat was
achived in Grand Bahama at
the HOYTES Primary Bas-
ketball Tournament over the
weekend.

Competing against seven
girls teams, the Suns out-
shone them all to remain
undefeated in winning the
title with a 13-6 decision
over the Tabernacle Falcons.

“Tt was rough on our girls
because they were not as
fundamentally sound as we
were,” said Temple Christ-
ian Academy’s coach Keno
Demeritte. “But our girls
kept their composure and
they pulled it off.”

China Curry, the team’s
best performer all season
long, was named the most
valuable player. But
Demeritte said Tiffany Han-
na was just as effective in
the middle for the Suns, fin-
ishing with six points to Cur-
ty’s seven.

It was the fourth title for
the year for the Suns, who
have not lost a game in the
last six years as they contin-
ue their dominance on the
primary school level.

Temple Christian Acade-
my carried a total of 27 play-
ers, including two boys
teams. However, the boys
team was spilt in two and
they produced varied results.

The Suns’ A team, led by
Rumalo Ellis, Kindino
Brown, Darren Pierce and
Najee Winder, finished third
after playing four games
back-to-back to get a shot
at advancing to the final, but
Demeritte said fatigue took
over and they fell short.

They lost to Hugh Camp-
bell, who went on to win the
boys title, beating out the
Catholic Primary Schools’
champions St. Cecilia’s
Strikers, who were short-
handed.

The Suns’ B team played
two games, but they lost
their opener by one point
and was just simply out-
matched in the other. Glen-
roy Anderson was the key
player on the squad.

They were jomed by Tem-
ple Christian Academy’s
principal, Charmaine Porter,
a number of parents and the
school’s travel club.

Demeritte also publicly
thanked his assistant coach
Anthony ‘Papa’ Pinder, who
traveled and played a vital
role in the team’s success.

“He helps us a lot with
our basketbaqll pro-
gramme,” Demeritte stated.
“IT can’rt pay him, so I can
only thank him for what he
has done for the team. He
has been an inspiration for
me and to the players on the
team.”





TRIBUNE SPORTS

SPORTS

WEDNESDAY, FEBRUARY 16, 2011, PAGE 3E

e GSSSA SENIOR CHAMPIONSHIP SERIES ACTION e¢



ALL ALONE: Tameka Martin goes on to score two of her game high
12 points to lead the Pacers to a 41-18 win in game two of the GSS-
SA Senior Girls championship series.

OVER THE TOP: Dovanya Moxey shoots a skyhook over the Pacers’
Ashley Brown.

DOWN THE LANE: Allanya Morris drives to the basket.









ee

HARD DEFENCE: Allanya Morris draws a foul on the Pacers’ Ariel Stuart.



Knights rout Pacers 41-18

By RENALDO DORSETT
Tribune Sports Reporter
rdorsett@tribunemedia.net

A CHANGE in venue produced a
change in result as the GSSSA Senior
Championship Series in both divisions
would be extended to a third and decid-
ing game.

In the Senior Girls division, the C.R
Walker Knights took a lopsided 41-18
win over the R.M Bailey Pacers, while in
the Senior Boys division, the Pacers won
over the C.C Sweeting Cobras 70 - 52
last night at the Kendal Isaacs Gymna-
sium.

In the girls matchup, the Knights’
defensive effort held the Pacers to just 22
percent shooting, five made field goals
and six points total in the second half.

Tameka Martin led the Knights with a
game high 12 points, Jonetra Kelly fin-
ished with nine points and four rebounds
while Christina Williams added four
points and eight rebounds.

TOUGH SHOT:

Nicketrya Gilcud led the Pacers with six
points while Raunice Butler added five.

The Knights jumped out to an early 8-
1 lead thanks to a potent fastbreak
attack and never looked back en route
to the win.

With a 14-10 lead, the Knights opened
up an 8-2 run including six in a row from
Martin to take a 22-10 lead with 2:30
left to play.

Kelly added a pair of free throws as
time expired to take a 25-12 lead into
the half.

The Pacers failed to threaten in the
second half and the lead reached 20
points for the first time on a free throw
from Ominika Lowe.

Pacers leading scorer, Ariel Stuart,
who finished with a double double in
game one was a virtual no show in game
three due to the Knights defensive
effort.

Stuart fouled out with five minutes
left to play with just two points and two
rebounds and the Pacers down 18

points.

A confident Knights Head Coach,
Ken Lightbourne, said the game two
performance was indicative of the sup-
port the entire C.R Walker Knights fam-
ily placed behind the team.

“This was a full team effort from our
administration straight down, our teach-
ers the students, everyone was behind us
today," he said, “We came together at
school, we prayed and from earlier
today we knew we were going to win
this game."

Lightbourne projected another lop-
sided win in game three for his team to
claim yet another championship.

“I told my girls that this team can not
beat us when we play our game. We
played the worst game we could possibly
play on Monday. We missed free shots,
easy layups, played bad defense but they
still only beat us by five points. The dif-
ference is what we came out here and
did today, won by more than 20 points,
tomorrow, 50 points."



Knights guard Toniquea Martin is fouled on her way to the hoop by the Pacers’ Latasa Armbrister.



PAGE 4E, WEDNESDAY, FEBRUARY 16, 2011 TRIBUNE SPORTS

BASKETBALL

TIM CLARK E/TRIBUNE STAFF

CELEBRATION: The Government Secondary Schools best of three championship series in each of
its divisions continued yesterday as the venue shifted to the Kendal Isaacs Gymnasium. In Junior
Girls play, the SC McPherson Sharks defeated DW Davis Pitbulls 30 - 23 to claim the title, In Junior
Boys the Pitbulls claimed their their third consecutive title when they defeated the TA Thompson
Scorpions 52-49. In the Senior divisons, both series will go to a third and deciding game. The CR
Walker Knights won 52-49 over the RM Bailey Pacers while in Senior Boys the Pacers rebound-
ed to take game two 70-52 over the CC Sweeting Cobras. Action from the games involving the Pit-
bulls and the Sharks is pictured here and on Page 5E.

Pitbulls three-peat

FROM page 1E

2 run capped by Braymond Jones who con-
verted a reverse layup to bring his team
within four, 48-44 with 1:40 left to play.

After a Pitbulls score, Tamiko Coakley
brought the Scorpions within three with a
three pointer from the top of the key.

With a steal in the backcourt, the TA
Thompson defence forced a turnover and
Scorpions point guard Michael Bethel was
fouled but failed to convert either shot at the
line.

Nigel Rolle sealed the win for the Pit-

bulls with a fastbreak layup to give his team
a 52-47 lead with just 11 seconds left to
play.

"This was a hard fought win and we
worked hard to get here all season,” said Pit-
bulls Head Coach Mark Hanna, "These
guys wanted this three peat and they put in
the work to get here today."

For the Scorpions, Rashad Davis led all
scorers with 19 points and 10 rebounds,
Jones finished with 13 points and seven
rebounds while Coakley had 11 points and
four rebounds including 2-4 shooting from
beyond the arch.





TRIBUNE SPORTS WEDNESDAY, FEBRUARY 16, 2011, PAGE 5E





SPORTS

BASKETBALL





































FROM page 1E

throw makes (12-9) proved
to be the difference to give
the Sharks the edge.

After a slow scoring first
half, where the Sharks led
just 8-5, both teams picked
up the scoring slack consid-
erably in the second with
the Sharks maintaining a
22-18 advantage.

"The girls really deserve
this for as hard as they
played today and as hard
as they played all season,"
said Sharks head coach
Paula Clarke.

Great

"This was a year's worth
of work that came together
on one night and it feels
great to being a champi-
onship to SC McPherson."

SC McPherson's Raven
Hepburn said her team's
defence edge was the key
component to the champi-
onship win.

"We played really really
good today especially on
defence," she said.

"We knew if we played
good defense we could win
today and that's what we
wanted to do just follow
instructions from our
coach and we did that to
win."





im lowin’ it

HIGH
LOW

BREEZY

Volume: 107 No.71

$100 mi oy = :

TIF
68F

SUNNY AND

WEDNESDAY, FEBRUARY 16, 2011



/\ The Tribune >

to repair Bay Si

Hopes of spectacular
redevelopment after
Valentine’s Day fire

By TANEKA THOMPSON
Tribune Staff Reporter
tthompson@tribunemedia.net

THE redevelopment of the
destroyed block on Bay Street
could cost as much as $100 mil-
lion, said a tourism insider.

But after the heartache of yes-
terday’s devastation, the prop-
erty is a prime spot for a "spec-
tacular" turnaround of down-
town Nassau, he claims.

"I'd say minimum from $50
million to $100 million," said the

REPORTS: DR ANDRE
ROLLINS FORCED T0
RESIGN FROM NDP

UNCONFIRMED reports
reached The Tribune late last
night that National Develop-
ment Party leader Dr Andre
Rollins was forced to resign
from the party. The move
reportedly took place at the
party’s council meeting yester-
day. See tomorrow’s Tribune
for more on this story.

insider, who did not want to be i
named, when asked how much , &§ ht
reconstruction could cost at that
site.

"You've got five acres there,
maybe more, of waterfront
property, marinas — you can do
something spectacular."

The Valentine's Day fire,
which gutted the Betty K ship-
ping company's offices and
warehouse and destroyed the
entire surrounding block is seen
by some as a hurdle for the
much anticipated redevelop-
ment of the downtown.

However Charles Klonaris,
co-chair of the Downtown Nas-
sau Partnership, said while the
fire was a tragedy, it could be a
turning point for downtown
revitalisation if the affected
property owners can come to
some consensus.

"It's a very sensitive thing,
people got hurt, it was very
destructive but it could be an
opportunity for those property
owners to get together to (cre-
ate) a master plan for the area.

SEE page 11

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rit comes to
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the Smart choice is

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By CELESTE NIXON
Tribune Staff Reporter
cnixon@tribunemedia. net

TRIBUTES were pouring in last night
following the death of education pioneer
Dr Keva Marie Bethel.

Renowned Bahamian scholar, educator,
mother and grandmother Dr Bethel died
yesterday morning at 5am at Doctor’s Hos-
pital with her family at her side.

Well known for her commitment to edu-
cational advancement, Dr Bethel’s tremen-
dous achievements and devotion to the
Bahamian community will not be forgot-
ten, said Prime Minister Hubert Ingraham.

A Queen’s College High School gradu-

SEE page six

Ena
CA

haat










TRIBUTES POUR IN AFTER |



Dr Keva Marie Bethel

‘$0 SAD’: Security guard Joel
Mackey showed up for work at the
Betty K Agencies Tuesday morning

despite the fact that the entire com-
pany had been destroyed by fire.

these things lost. We just had ‘two
shipments arrive when this hap-
pened.’ He has worked with the



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CARS FOR ae
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AND REAL ae
BAHAMAS BIGGEST



FNM COUNCILMAN
CLAIMS HE WAS
PAID FOR SILENCE

A SENIOR FNM council-
man is vowing to “not go qui-
etly into the night” after dis-
covering that payments for his
silence at the last party con-
vention are reportedly set to
come to an end.

According to the source
who for the moment wished
to speak anonymously, said
that he, like another member
of the party, had done their
part to ensure an orderly tran-
sition of power at the last
FNM convention. Since then,
he said, persons have been
financially compensated as
promised.

Admitting that he has been
receiving payments even up

SEE page six

‘This is so sad,’ he said, ‘all

company for eight years.

TWO MEN ACCUSED OF
DEATH OF DR KEVA BETHEL MURDER ARE DISCHARGED

By DENISE MAYCOCK
Tribune Freeport Reporter
dmaycock@tribunemedia.net

FREEPORT - Three years
after well known Grand
Bahama businessman Kon-
stantino Vardoulis was gunned
down, the two men charged
with his murder were dis-
charged in the Supreme Court
on Monday.

George Ferguson, 28, of
New Providence, and Percious
Knowles, 26, of Grand
Bahama, were freed of mur-
der and conspiracy to commit
murder charges — after the
prosecution dropped its case

rt

a ene *

Pa oo

NASSAU AND BAHAMA ISLANDS’ LEADING NEWSPAPER

against the pair.

Lawyers Murrio Ducille and
Carlson Shurland represented
Ferguson and Knowles,
respectively. They both
believed that there was insuf-
ficient evidence against their
clients to stand trial.

A trial was scheduled to
begin on Monday before Jus-
tice Hartman Longley, how-
ever, a nolle prosequi was sub-
mitted by the prosecution on
instructions from the Attor-
ney General’s Office.

Although the men were dis-
charged, the Attorney Gener-

SEE page six







PAGE 2, WEDNESDAY, FEBRUARY 16, 2011

THE TRIBUNE



Hundreds pay respects

to Bishop Michael Eldon

First Bahamian Anglican Bishop of the
Bahamas, Turks and Caicos laid to rest

By CELESTE NIXON
Tribune Staff Reporter
cnixon@tribunemedia.net

HUNDREDS gathered
yesterday to pay tribute
and bid farewell to the first
Bahamian Anglican Bish-
op of the Bahamas and the
Turks and Caicos.

The funeral service for
Bishop Michael Hartley
Eldon was held at Christ
Church Cathedral on
George Street yesterday
morning.

Prime Minister Hubert
Ingraham, Cabinet minis-
ters, MPs, senators and
members of the opposition
were in attendance for the
service, as were nine Angli-
can Bishops from around
the region.

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Bishop of the local Dio-
cese Rev Laish Boyd deliv-
ered the sermon to the
large congregation,
describing Bishop Eldon as
a “special individual, who
had many gifts and an
endearing personality.”

He said the fondness,
admiration and regard in
which Bishop Eldon was
held is evident in the com-
ments and condolences
that have flooded in, and
in the number of people
attending the viewings and
memorial services over the
last few days.

Bishop Boyd also
acknowledged those who
assisted in caring for Bish-
op Eldon during the final
years of his life, thanking
them for their compassion.

Bishop Eldon was a
graduate of Queen’s Col-
lege and completed a mas-
ters degree at St Cather-
ine’s College in Cam-
bridge, England. He began
theological training at St
Steven’s House, Oxford
and completed the pro-
gramme in 1954. In July of
that year, he was ordained
a Deacon of Christ Church
Cathedral in Nassau and
became a priest in 1955.

Bishop Eldon was the
founding chairman of the
College of the Bahamas
Council. Serving from 1976

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yu aee a rare
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Tropical Exterminators
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snack Attack Mea

Bitty ise

TRAIT]

to 1995, he guided the col-
lege through its formative
years.

T Baswell Donaldson,
the current chairman,
spoke yesterday of the
bishop’s great contribu-
tions to the college and his
“selfless service and vision-
ary leadership.”

“Great giving has
defined his life, his bequest
is boundless,” said Mr
Donaldson. “It was
because of Bishop Eldon
that the college stands on
the pledge of knowledge,
truth and integrity, a
pledge which defined the
virtuous life that he led,
and motivated and inspired
generations of young
Bahamians in search of a

better life through
advanced educational
training.”

Governor General Sir
Arthur Foulkes, speaking
on behalf of the nation,
expressed condolences to
the family of Bishop Eldon
and proclaimed him an
outstanding educator and
teacher.

He said: “Bishop Eldon
dedicated himself to
national service as a patri-
ot and a public voice for
human equality and social
justice as well as the moral
dimension of public poli-
cy, understanding that edu-
cation was fundamental to
developing the people of
the country he loved.”

During the funeral, a
moment of silence was held
in honour of Dr Keva
Bethel, the sister of Bishop
Bethel, who passed away
at Doctors’ Hospital early
yesterday morning.

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





Full Text
THE TRIBUNE

WEDNESDAY, FEBRUARY 16, 2011, PAGE 3



LOCAL NEWS



Investigators
unsure if town
fires are linked

By MEGAN REYNOLDS
Tribune Staff Reporter
mreynolds@tribunemedia.net

FIRE investigators
searching for the causes of
two fires yesterday are not
certain whether they are
linked.

As firefighters sought to
contain the massive fire
that started at Betty K
Agencies Ltd in East Street
before 8am and spread
through the block of build-
ings onto Bay Street,
another blaze ignited at an
abandoned building next to
the Masonic Hall on Bail-
lou Hill Road just after
10am.

Superintendent of Fire
Services Jeffery Deleveaux
said resources were priori-
tised to battle the bigger
Bay Street blaze, and yes-
terday they continued to
dampen hot spots in the
Betty K Agencies Ltd
building where flames were
still burning.

The fire in Baillou Hill
Road destroyed the entire
top section of the two
storey building next to the
Masonic Lodge and caused
minor damage to the Lodge
Hall, Mr Deleveaux said.

Fire investigators are
searching for clues that may
give them any indication of
the cause of both fires yes-
terday, and a police source
said it seems more than a
coincidence there were two
fires yesterday.

However he refused to
speculate as to what the
cause of the fires might be.

Mr Deleveaux said inves-
tigators have not yet come
across any indication that
the two fires might be
linked.



He said: “It’s going to be
extremely difficult because
the buildings have been
destroyed.

“So we will do interviews
to help us establish the
cause of the fire.

“We have investigators
out there in the field, and I
would not like to pre-empt
what they are doing.

“But based on the infor-
mation we have, we are not
sure whether they are
linked.

“So we are not saying
they are not linked, but we
are not saying they are
either.”

Tribune photographer
Felipe Major was the only
person injured in the fires,
but Mr Deleveaux and oth-
er firefighters had a close
call when they were work-
ing to extinguish the fire on
the northern wall of the
Betty K Agencies building
and it collapsed on Mon-
day afternoon, he said.

DOWNTOWN BUSINESSPERSONS SAY FASTER
RESPONSE, BETTER ORGANISATION NEEDED

By LAMECH JOHNSON

AFTER the devastating fire that destroyed the Betty K
building and others along East Bay Street on Monday, down-
town businesspersons told The Tribune that a faster response
time and better organisation is needed to prevent such signif-
icant damage in the future.

Josh Tynes, an employee at a store west of the Betty K
building, believes the response was not quick enough and that
some procedures should be implemented before the next inci-
dent takes place.

"T believe that we should have a port that is close enough or
something, whereas we can get that speedy service,” he said.

John Bull's Bay Street branch supervisor, Dorothy Mar-
shall, also believes a quicker response is necessary, "from what
I've seen.”

The manager of Prestige Silver was present at his store when
the fire started and believes that it could have been better
handled. Herbert Bischof said: "I was here around 7.30 am
and the fire started shortly after but help didn't arrive until lat-
er.”

Many businesses ran on reduced hours on the day of the fire,
including Scotia Bank, which began business transactions at
noon.

Other businesses had no choice but to close up shop early and
lose business, with some of them already struggling in a tough
economy.

Beverly Thompson of Roberts Shoes witnessed the blaze
and said the firefighters focused on the buildings on East
Street. "I didn't see any trucks on this side. Maybe they were in
the back.”

That, she believes, along with the strong winds, allowed the
fire to cause so much damage.

The business owners and managers who spoke with The Tri-
bune admitted lacking knowledge of how fire fighters work.

However, having witnessed the event, and based on the his-
tory of fires on Bay Street, they believe better service is need-
ed.

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









































4 i a eS r

ABOVE AND BELOW: The remains of the Betty K Agencies Ltd
building pictured yesterday.

PHOTO/JESSICA ROBERTSON

ay
Wee malay
PHONE: 322-2157

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NOTICE
OF RELOCATION OF
BETTY K AGENCIES
OFFICES

OPEN Wednesday Feb |7 at 8:00am

NE corner of Victoria & Bay Streets
ALL PHONE NUMBERS REMAIN THE SAME.

The next Betty K sailing
is arriving Thursday Feb 18
at the Arawak Cay Terminal.

BETTY K
AGENCIES

VICTORIA AVENUE

Regular sailings resume
as follows:
Nassau - 2 per week
as of Monday Feb 28
Abaco - | per week
as of March Ist.

BETTY K AGENCIES LTD

Phone 322-2142 ¢ 322-2875 322-2813
Freight Warehouse: 322-8926 Fax 322-6089




THE TRIBUNE WEDNESDAY, FEBRUARY 16, 2011, PAGE 5

LOCAL NEWS

President Kennedy
plaque mysteriously
ripped from casing

Item will now be repaired
and relocated to airport

By MEGAN REYNOLDS
Tribune Staff Reporter
mreynolds@tribunemedia.net



It will now be repaired by the AMMC and
relocated to the new US Terminal at the Lyn-
den Pindling International Airport in the sum-
mer of 2012.

The relocation plan had already been made
to comply with changes to the roads planned
by the Ministry of Works and so as to give
international visitors a greater opportunity to
see it.

A new Ficus Benjamina fig tree also will be
planted on the berm in front of the new ter-
minal as the one that took root in 1962 was not
kept in good health, Ms Oxley said.

The historic monument commemorates
President Kennedy and British Prime Minister
Harold Macmillan’s signing of the Nassau
Agreement after three days of meetings in
December 1962.

Under the agreement, the US was to provide
the UK with a supply of nuclear-capable
Polaris missiles in return for which the UK
was to lease the Americans a nuclear subma-
rine base in Holy Loch near Glasgow.

For more details and a video news report of
their meeting lo on to:
www.youtube.com/watch?v=r7kuX9xdPLU

A PLAQUE commemorating US President
John F Kennedy’s meeting in Nassau with the
Canadian and British prime ministers has been
mysteriously ripped from the cement casing it
stood in for nearly 50 years.

The casing has been smashed and the heavy
plaque was flung across the street — coming to
rest more than 50ft away from its original site.

Concerned drivers speculated that it might
have been struck by an out of control vehicle,
but noted that no other signs of an accident are
visible at the site.

A taxi driver alerted the Antiquities, Mon-
uments and Museums Corporation (AMMC)
when he noticed the plaque had disappeared
from its spot at the junction of Blake Road and
West Bay Street where President Kennedy
planted a fig tree to mark his visit.

AMMC historic preservation architect and
consultant Alicia Oxley said she recovered
the cracked plaque of polished granite near the
Cave’s Village shopping centre.

THE PLAQUE came to rest more than 50ft away from its original site.

MAN CHARGED WITH 2008 MURDER AND ATTEMPTED MURDER

A 21-YEAR-OLD Cat



Man charged with possession

of an unlicensed firearm

By DENISE MAYCOCK
Tribune Freeport
Reporter
dmaycock@tribunemedia.net

FREEPORT - An Aba-
co man was charged with
possession of an unlicensed
firearm in the Freeport
Magistrate’s Court yester-
day.

Zeno Higgs pleaded not
guilty to firearm possession
in Court Two before Mag-
istrate Andrew Forbes.

It is alleged that on Feb-
ruary 12, at Freeport, Grand
Bahama, the accused was
found in possession of a
firearm.

Higgs was remanded to
Fox Hill Prison until August
9, when he will return for
trial.

¢ A MAN shot by police
last week in Eight Mile
Rock was yesterday
charged with a number of
offences in connection with
a disturbance at Job Incor-
porated.

Neville Cox, 34, was
charged before Magistrate
Gwen Claude in the Eight
Mile Rock Magistrate’s
Court with stealing from a
shop, assault with a danger-
ous instrument, assault of a
police officer, and resisting
arrest.

It is alleged that on Feb-
ruary 10, at Hanna Hill in
Bight Mile Rock, Cox
entered a store and stole
cash.

Cox was not required to
enter a plea to charges as
Magistrate Claude remand-
ed him to the Diah Ward at
the Rand Memorial Hospi-
tal for evaluation.

e AN Eight Mile Rock
man was arraigned on sev-
eral charges yesterday,
including stealing from a
shop, causing harm and
stealing from a vehicle.

Wondell Campbell, alias
Chad Martin, of Martin
Town, Eight Mile Rock,
pleaded not guilty to five
counts of stealing from a
shop and two counts of
stealing from a vehicle.

He pleaded guilty to caus-
ing harm. Sentencing will
be handed down at a later
date.

Campbell was remanded
at Fox Hill Prison until May
9.

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

One of the four women
charged with stealing from
three shops at the Interna-
tional Bazaar was convicted
and sentenced in Magis-
trate’s Court.

Shavone Cartwright, 31,
pleaded guilty to three
counts of stealing from a
shop on February 7.

She was charged with
three other women, includ-
ing Ingrid Cartwright, 38;
Shannekka Cartwright, 26;



eae
NEVILLE COX being escorted
to court.



and Bennika Beneby, 21, of

Freeport.

The three women had }
pleaded not guilty to the }
charges and their matter :
was adjourned to February }

16 for trial.

Cartwright was sentenced

to 30 days in prison.

On completion, she is to }
spend another 30 days at }
the Sandilands Rehabilita- :
tion Centre in New Provi- }

dence.



WONDELL CAMPBELL headed
to court for his arraignment.

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Island man was arraigned in
Magistrates Court yesterday,
charged in a 2008 murder
and the attempted murder
of a police officer last week.

Rodrigo Nigel Rolle of
Dumpfries, Cat Island, is
accused of the February 17,
2008 murder of Arville
Smith on Cat Island.

Rolle is also accused of
the 2011 attempted murder
of PC 3397 Thurston.

It is alleged that Rolle
shot Thurston in the but-
tocks with the officer’s own
gun during a scuffle outside
the Hotspot Restaurant and
Sporting Lounge in Cat
Island last Saturday.

Rolle was not required to
enter a plea to the murder
charge during his arraign-

ment before Chief Magis-
trate Roger Gomez in Court
One, Bank Lane.

He was also not required
to enter a plea to one count
of making death threats, and
one count of resisting the
arrest of Corporal 2131
McCoy. He pleaded guilty

to using obscene language
toward officer Thurston.

Rolle was remanded to
her Majesty’s Prison and is
expected back in court on
February 28.

At that time he is expect-
ed to appear on Court 11,
Nassau Street.

STABBING DEATH ACCUSED IN COURT

A 34-YEAR-OLD man accused of stabbing another man to
death last month was arraigned in Magistrates Court yesterday.

Police have charged Mario Thompson alias “Purple” of Mead-
ow Lane in the murder of Francoeur Etienne.

According to reports, Mr Etienne 38, of Mackey Street, was held
up and stabbed in the head by a man while walking on Wilson

Track on Wednesday, January 19.

Thompson, who was arraigned before Chief Magistrate Roger
Gomez, was not required to enter a plea.

He was remanded to Her Majesty’s Prison. The case has been
adjourned to February 22 and transferred to Court Five, Bank

Lane.

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PAGE 6, WEDNESDAY, FEBRUARY 16, 2011

THE TRIBUNE



LOCAL NEWS



BISHOP FRASER TAKES -

Queen’s College grief after

THE WITNESS STAND

By NATARIO McKENZIE
Tribune Staff Reporter
nmckenzie@tribunemedia.net

BISHOP Earl Randy
Fraser yesterday sought to
dismiss allegations made by
a young girl with whom he is
alleged to have had a sexual
relationship.

Bishop Fraser was back on
the witness stand yesterday
as his unlawful sex trial con-
tinued in the Magistrate’s
Court. Fraser, senior pastor
at Pilgrim Baptist Temple,
St James Road, is accused of
having unlawful intercourse
between July 2005 and Feb-
ruary 2006 with a 16-year-
old girl, whom he had agreed
to counsel.

The virtual complainant
had testified that on one
occasion Fraser gave her
$100, three pairs of gold ear-
rings and a Seiko watch
before he left to go on a trip
to London. She alleged that
Fraser had told her she got
the gifts because he loved
her and wanted to show her
that it was not only about
the sex. Fraser, however,
refuted the complainant’s
account. He told the court
yesterday that he had bought
the girl the gifts but claimed
that they were not all given
to her on one occasion. He
recalled that he had told the
girl about the London trip
which was related to his
involvement with a board at
the Broadcasting Corpora-
tion. Fraser told the court
that the gifts were not sexu-
al inducements. He also told
the court that the com-
plainant’s grandmother was
always made aware when he

had bought her gifts and
often thanked him.

“T saw myself as being a
helper. There was never any
hidden agenda. It wasn’t
strange for me to buy her a
gift. She was like one of my
children,” Fraser said.

Fraser admitted that the
complainant had been at his
house once. The com-
plainant alleged that she and
Fraser had sex there as well
as in his church office. Fras-
er claimed that one after-
noon around 5.30 pm, while
the complainant was doing
community service at the
church library, he drove the
girl and his youngest daugh-
ter to his Eastwood Estates
home. Fraser recalled that
he went back home because
he had forgotten his notes
for bible study that night.
Fraser recalled that the com-
plainant said that she wanted
to see his house and that it
was his daughter who led her
into the house and showed
her the upstairs bedrooms.

Fraser also denied the
allegation by the com-
plainant that they had had
sexual relations at the church
on the day of his consecra-
tion which he said was July
12, 2005. Fraser said this was
untrue as his consecration
took place in New Orleans
and the complainant was not
there. The trial continues
today. Fraser remains on
$10,000 bail. He is repre-
sented by attorney Jairam
Mangra. Darnell Dorsette
appeared for the prosecution
yesterday. The case is being
heard before Deputy Chief
Magistrate Carolita Bethell.

death of Dr Keva Bethel

By CELESTE NIXON
Tribune Staff Reporter
cnixon@tribunemedia.net

THE Queen’s college community has
expressed its profound grief at the death
of Dr Keva Bethel.

The school said its flag has been low-
ered to half mast as a sign that a great
woman and a great friend of Queen’s
College has died.

In a statement issued yesterday, the
school said: “Many individuals, families,
civic groups and national organisations
will be deeply affected by Dr Bethel’s
death. Queen’s College will be one of
them.

“The Queen’s College family extends
to Dr Nicolette Bethel, Edward Bethel
and their families, and the close friends of
Dr Bethel, our sympathy and prayers.”

An Anglican by denomination and a
Methodist by educational affiliation, Dr
Bethel’s association with the Methodist
school spanned many decades.

She was a student at Queen’s College,
and graduated in 1950 with the school’s
highest academic award.

Dr Bethel served for more than 30
years on the QC board of governors, and
in July of this year was inducted into the
Queen’s College Hall of Fame.

The school said Dr Bethel served on
the board “as though Queen’s College
were her own, almost as though she was
herself responsible for the casting of the
vision for the the school and the imple-
mentation of its mission, which together
have guided the growth of Queen’s Col-
lege in its journey toward excellence and
its inclusive educational policies.”

Dr Bethel played an active role in the
selection of teachers and administrators
for all sections of the school, and gave
wise advice that proved vital in both
times of tough decisions and in the day-
to-day administration of the school, the
statement said.

QUEEN’S COLLEGE pays tribute to Dr Keva Bethel.

“Her level of influence, her vast expe-
rience in education and her integrity as a
human being heightened the value of her
advice and council,” it said.

The QC Board of Trustees also issued
a statement extending its condolences to
the family of Dr Bethel.

It said: “Through out her life, Dr
Bethel’s actions demonstrated her com-
mitment to the development of education
in the Bahamas, her love of country and
her devotion to instilling a love of lifelong
learning among young Bahamians. Dr
Bethel’s legacy will continue through the
lives of the numerous students she has
influenced; and through the work of the
many organisations and institutions to
which she has contributed.”

A memorial book has been set up in
the QC highschool library for staff, stu-
dents, board members and alumni to
offer words of condolence to her family.





FNM councilman claims
he was paid for silence

FROM page one

to this date, the source said that he was speaking out at this
time after discovering that the terms he had negotiated was
set to be ended “at the next convention.”

“At the convention, concessions were made. Gentlemen
agreements were met, and I, like my colleague have lived up
to our part of the arrangement. If they feel that they can do
this to me, after all that I have done, they have another
thing coming,” the source added.

The amount of funds agreed to, the source explained,
was reportedly in the “high five figures.” This amount, he
said, was reached with a high ranking member of the party.
At no time, he said, were any agreements struck between
himself and Prime Minister Hubert Ingraham, who leads the
FNM.

Attempts to reach the chairman of the party, Carl Bethel
were unsuccessful up to press time last night.

Cc

COB academic community deeply saddened

By CELESTE NIXON
Tribune Staff Reporter
cnixon@tribunemedia.net

THE academic community
at the College of the Bahamas
is deeply saddened by the loss
of President Emerita and
scholar-in-residence, Dr Keva
Bethel.

The college issued a press
statement yesterday express-
ing its deep sense of loss over
the death of Dr Bethel, who
made an “enormous impact”
on the institution.

It said: “For so many years
the college’s image was her
image. The college’s strength

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was her’s. The virtues that
guided and sustained our insti-
tution, were a reflection of her
own.

“Tt was through her thought-
ful and visionary leadership
that the college enjoyed
tremendous growth and
advancement.”

Dr Bethel was the college’s
Ath principal, a position she

In 1995, she became the first
president of a newly
autonomous college, retiring
in 1998.

In 2007 she completed what
is today referred to as the col-
lege’s “Bethel Report”, a study
of the governance structure at
the institution which, going for-
ward, will be a key factor in
completing the COB’s transi-

In 2009 she was named one
of the college’s first scholars-in-
residence.

The COB © statement
described Dr Bethel as “a gen-
tle and generous spirit” who
will be “forever remembered
for the warmth and kindness.”

“Dr Keva Bethel’s legacy is
forever etched in the founda-
tion of our great institution,” it

held from 1982 to 1995.

FROM page one

ate, Dr Bethel received her Masters degree in for-
eign languages from Girton College in Cam-
bridge, England. Furthering her academic career,
she received a doctorate degree in educational
administration from the University of Alberta
in Canada.

Her celebrated 50-year career in the educa-
tion field begun as a teacher at Government
High School from 1959 to 1975, and culminated
ina 16-year tenure as president of the College of
the Bahamas, becoming the first Bahamian
woman principal of the institution in December
1983 where she had been acting head for almost
16 months.

She retired in 1998, though remained involved
in the life and development of the College up to
the time of her recent illness.

In retirement, she has served as chairwoman
for the National Advisory Council in Education
and the Education Committee of the govern-
ment’s Student Loan Programme. She was also
on the board of directors at Doctor’s Hospital and
a member of the hospital’s foundation for the
last ten years.

In a statement released yesterday afternoon,
the Prime Minister described Dr Bethel as a
“warm, caring and generous woman, an extraor-
dinary Bahamian who was dedicated to the edu-
cation and advancement of all Bahamians, and to
the promotion and preservation of our culture as
well as to our overall national development.”

Mr Ingraham said many thousands of Bahami-
ans have benefitted from Dr Bethel’s tireless
commitment and contributions.

He said Dr Bethel lent her considerable expe-
rience and knowledge to a number of Bahamian
institutions, including Queen’s College, The
Lyford Cay Foundation, Bahamas Supermarkets
Limited, Safe Bahamas, Doctor’s Hospital, Cable
Bahamas Ltd and the Finance Corporation of
the Bahamas Ltd.

“Dr Bethel was one of our truly great citizens:
devoted, honest, loyal and steadfast. Her life’s
accomplishments and her warm spirit are forev-
er etched in the annals of our history and in the
hearts of countless Bahamians,” he added.

Doctor’s Hospital CEO Charles Sealy issued a
statement on behalf of the hospital to convey
condolences to the children, family and friends of
Dr Bethel.

It said: “We are saddened by the death of a
women who inspired us all, and whose knowledge
and contribution to the Bahamas was truly excep-
tional.”

The statement said: “The example she has set
for us will always exhort and remind us to con-
tinue the struggle for humanity, education, peace,
and a better Bahamas to which Dr Bethel had
dedicated her entire life.

“We have lost a great woman, colleague, men-
tor and friend.”

The Progressive Liberal Party also released a
statement expressing condolences.

It said: “Our party expresses its condolences to
her family at this very sad time. Dr Bethel was a

tion to university status.

said.

Tributes pour in
after death of
Dr Keva Bethel

pioneer in Bahamian education, a stalwart
Bahamian patriot dedicated to the development
of the intellectual talent of our country.”

The opposition party said Dr Bethel embodied
the “essence of public service, love of country
without fear or favour.”

The National Congress of Trade Unions of
the Bahamas (NCTUB) president Jennifer Isaacs
Dotson said Dr Bethel’s “unselfish and invaluable
contribution to the growth and development of
the Commonwealth of Bahamas has molded
thousands of Bahamian citizens into successful
and productive members of society.”

Dr Bethel is survived by two children, Nicolette
Bethel-Burrows and Edward Bethel, a son-in-
law, Philip A Burrows, a daughter-in-law Tasha
Honey-Bethel, a grandson Jaxon Elijah Bethel
and other family members, including cousins,
nieces and nephews and a many friends and col-
leagues.

Men discharged

FROM page one

al can still bring charges against the pair if any
new evidence is discovered.

Mr Vardoulis, 31, was shot and killed on April
12, 2007 at his residence in Bahama Reef Boule-
vard.

The businessman had just arrived home some-
time after lam when an assailant opened fired on
him as he pulled up to the driveway in his Chevy
Impala.

Mr Vardoulis, also known as “Konky,” was
the owner of Grand Bahama Food Company and
the Chicken Farm.

Two months after his murder, police charged
Ferguson and Knowles with murder.

Mr Shurland said the case was “extremely
weak” against his client. He was very pleased
that the Attorney General decided to discontin-
ue the matter before trial.

“T was astonished that the Attorney General’s
Office would proceed with the case via a volun-
tary bill of indictment when, from the outset, the
case was extremely weak.

“Had they proceeded to trial...it could have
been very embarrassing for the Attorney Gener-
al,” he said.

Mr Ducille also felt that there was no evidence
against his client. He believes that the Attorney
General did the proper thing by discharging his
client of the charges.

“T think it is a very good idea where there are
cases that you know inevitably will result in an
acquittal that the AG gives the initiative and gets
it out of the system.”

TO DISCUSS STORIES ON THIS PAGE LOG ON TO WWW.TRIBUNE242.COM
THE TRIBUNE WEDNESDAY, FEBRUARY 16, 2011, PAGE 7



LOCAL NEWS

POSTAL SERVICE ISSUES VICTOR SASSOON HEART ae STAMPS
COMMEMORATIVE
VICTOR SASSOON HEART
FOUNDATION STAMPS





By BETTY VEDRINE

THE Bahamas Postal Service
has issued a commemorative
postage stamp to highlight the
50th anniversary of the Victor
Sassoon Heart Foundation.

The stamp is being issued in
denominations of 15 cents; 50
cents; 65 cents and 70 cents.

The Sir Victor Sassoon
(Bahamas) Heart Foundation
has helped thousands of chil-
dren in the Bahamas who suffer
from heart disease. It has fund-
ed clinics which identify heart
problems in children and when
needed, the Foundation has
paid for the heart surgeries that
have meant a full life for many.

The Foundation was created
after Sir Victor Sassoon Bart,
GBE died from heart compli-
cations in 1961.

His widow, Lady Sassoon,
requested that in lieu of flowers,
donations were to be made to
the local heart associations in
his memory.

After finding out from the
Princess Margaret Hospital that
such associations did not exist in
the Bahamas, Lady Sassoon
took it upon herself to create
one.

In addition to paying for life-
saving surgeries for children,



MINISTER FOULKES introduces Ambassador Avant to the Grand

the Foundation has purchased
diagnostic machines and items
to promote heart care for the
hospital. The Sassoon Heart
Foundation is an all-volunteer
organisation.

As a part of fundraising
efforts, the Foundation hosts
the annual Heart Ball. The ball
has been held every February
for the past 47 years.

Sir Victor was born to a fam-
ily of merchants and bankers
who lived in India and England.
In the 1920s, Victor Sassoon
moved to Shanghai, China,
where he established most of
his own business enterprises.

War broke out in the late
1930s and he was forced to flee,
travelling throughout the world.
After the war, Sir Victor re-
established his business empire
in the Bahamas, England and
South America. He also dedi-
cated himself to his passion for
horse racing. He was very suc-
cessful at this endeavour and
his horses won the English Der-
by four times in eight years. He
married the former Evelyn
Barnes (Lady Sassoon) in 1959.

Lady Sassoon founded the
foundation in his honour in 1961
after his death. It is now one of
the most respected charities in
the Caribbean.

}

e

Bahama Children's Home residents.

US AMBASSADOR
Nicole Avant made her
third visit to Freeport last
week, where she spoke to
female high school stu-
dents, met with govern-
ment officials, and visited
the Grand Bahamas Chil-
dren’s Home.

Ambassador Avant also
gave the keynote address
at the Grand Bahama
Chamber of Commerce’s
annual banquet and instal-
lation, where she encour-
aged Grand Bahamas’ busi-
ness leaders to continue
investing their time and
energy in the most precious
resource in the Bahamas —
young people.

Ambassador Avant
began her visit at the
Freeport Container Port,
where she met with 14
female students from pri-
vate and public high
schools throughout
Freeport who had just com-
pleted a tour of the site to
learn about a number of
key positions currently
being held by women.

During the dialogue,
each student had an oppor-
tunity to ask the ambas-
sador questions, which
ranged from inquiries
about her official duties to
how she maintains a work/
life balance.

Ambassador Avant
spoke with students about
her experiences as a busi-
nesswoman, as a mother
and as President Obama’s
personal representative in
the Bahamas. She recalled
her father, who encouraged
her to create her own way
in the world.

“It’s no longer about
breaking into the boys
clubs, but about creating
your own clubs,” Ambas-
sador Avant told the girls.

Following the student
dialogue, Ambassador
Avant met with the Minis-

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



ter of Labour and Social
Development, Senator
Dion Foulkes and Grand
Bahama’s Island Adminis-
trators, Don Cornish rep-
resenting the Freeport Dis-
trict; Bradley Armbrister
representing the East
Grand Bahama District;
and Angela Pratt-Rolle
representing the West
Grand Bahama District.

They discussed potential
partnerships to support
ongoing efforts to revitalise
Freeport and other areas
on Grand Bahama.

After the meeting, Min-
ister Foulkes accompanied
Ambassador Avant to the
Grand Bahama Children’s
Home where she met the
staff, toured the home and
interacted with the young
residents.

In honour of Black His-
tory Month, Ambassador
Avant donated a collection
of books with African
American themes to
encourage the 28 children
to immerse themselves in
the joy of reading.

On Saturday night,
Ambassador Avant made
her speech to Grand
Bahama Chamber of Com-
merce, which focused on
the theme “Building a bet-
ter community with excel-
lence.”

The Ambassador encour-
aged Bahamian business
leaders to partner with
local schools and the Min-
istry of Education to ensure
that the next generation is
fully equipped to compete
in a global economy.

“When a country invests
in its youth, it benefits both
socially and economically. I
applaud all of the business
leaders here tonight who
are working publically and
privately to support the
aspirations of young peo-
ple throughout the
Bahamas,” she said.

@7

|

eS

er
00 p.m.

PLP Rally Site
Prince Charles Drive



%

The Progressive Liberal Party


PAGE 8, WEDNESDAY, FEBRUARY 16, 2011

THE TRIBUNE





A special conservation
zone for blue holes

By LARRY SMITH

THE Bahamas is like a
piece of Swiss cheese, sci-
entists say. Our limestone
bedrock is riddled with
cracks and fissures, and
everything is tidally con-
nected.

Ages ago, when sea lev-
els were lower, rainfall
eroded the limestone to
form extensive under-
ground caverns. These
were described on land as
early as 1725, by the Eng-
lish naturalist Mark Cates-
by. The marine caves we
call blue holes were first
recorded on charts in 1843.

But it is only in the past
50 years or so that we have
been able to visit the
"enchanted voids" of this
mysterious interconnected
underworld. In fact, experts
describe blue holes as a
final frontier — the last
unknown places on Earth
that humans can physically
go to explore.

And explorers are mak-
ing unprecedented discov-
eries in Bahamian blue
holes, especially on Abaco,
where Dan’s Cave has bro-
ken all records for an island
cave at well over 30,000
feet in length. It is now the
longest cave system in The
Bahamas.

At over 10,000 feet in
length, nearby Ralph’s
Cave is the second longest
underwater cave system in
The Bahamas. It contains
the most intricately deco-
rated passages of any caves

Head of
the Class!

“Scientists are

understandably worried
about the impact that
large-scale development
will have on these fragile

ecosystems.”



on Earth, wet or dry, with
massive crystal formations
of every shape and descrip-
tion.

Recently discovered
Nancy’s Cave has produced
significant archaeological
finds and fossils. This cave
currently has 1,400 feet of
explored passages and is lit-
tered with the bones of
ancient crocodiles, tortois-
es, birds and bats.

The unique water chem-
istry in Sawmill Sink has
preserved the earliest
Lucayan bones (dated to
about a thousand years
ago), more than 54 individ-
ual crocodile skeletons, 13
extinct tortoises (com-
pletely new to science),
hundreds of birds (some
new to science), bats,
snakes, lizards and fish.
This material is currently

re-writing Bahamian pre-
history.

Reel Breaker Blue Hole,
near the Crossing Rocks
community dock and boat
ramp, contains more than
5,500 feet of circuitous pas-
sages. It and other offshore
sites help to fill and drain
the large expanse of flats
on the west coast known as
the marls.

These blue holes are
part of a nine-mile area of
Crown and Treasury land
in South Abaco that
experts are seeking to pro-
tect as a special conserva-
tion zone. The area

includes at least 17 cave
entrances and extends west
from the Abaco Highway
to an offshore area of man-
grove channels and mud
flats. All told, these sites
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THE BLUE HOLES are part of a nine-mile area of Crown and
Treasury land in South Abaco (dark area) that experts are seek-
ing to protect as a special conservation zone.

miles of underwater pas-
sages, with thousands of
feet of new passages being
discovered every month.

A conservation proposal
has been developed by the
Bahamas Caves Research
Foundation, a team of
world class explorers, sci-
entists and educators based
on Abaco. Over the past
year, the Foundation, the
Bahamas National Trust,
Friends of the Environ-
ment, and the Antiquities
Corporation have been
holding town meetings,
conducting surveys and col-
lecting signatures of sup-
port.

The proposal will be sub-
mitted to government with-
in the next few weeks fora
decision.

According to Universi-
ty of Florida biologist, Dr.
David Steadman, quoted in
a recent article in Diver
Magazine, “If we don’t pro-
tect places like this, then
the bulldozers will arrive
without warning. The dam-
age they will do in a day
cannot be reversed in a mil-
lennia.”

Expedition

Steadman was part of a
scientific expedition spon-
sored by National Geo-
graphic and the Antiquities
Corporation in 2009 to doc-
ument the discoveries. And
between the Nova televi-
sion documentary and the
August 2010 National Geo-
graphic magazine cover
article, more than 40 mil-
lion people worldwide were
exposed to the treasures
being found in Bahamian
blue holes.

"These sites are now rec-
ognized by top explorers as
the world's most highly
decorated underwater
caves, with massive crystal
columns over 30 feet in
height and diameter," the
conservation proposal says.
"Underground rooms the
size of baseball fields are
found throughout the sys-
tems (and) the fresh water
lenses of the islands sup-
port systems of unique
cave-adapted marine life
found nowhere else in the
world."

Research in these caves
has focused on evidence of
past climatic conditions;
studies on crocodile, tor-
toise, bird and bat fossils;
tracing tidal movements of
sea water through the sys-
tems; dating dust from the
Sahara desert deposited in
the Bahamas over hun-
dreds of thousands of years;
and cataloguing new
species, including bacterial
colonies thought to be rep-
resentative of first life
forms on Earth.

The Antiquities Corpo-
ration has also partnered
with the University of
Florida at Gainesville’s
Florida Natural History
Museum to catalogue, pre-
serve and archive the
extremely fragile and valu-
able material that is being
brought to light from
Sawmill Sink and other
caves.

Scientists are under-
standably worried about
the impact that large-scale
development will have on
these fragile ecosystems.
The conservation proposal
is a preemptive effort to
ensure that the land above
these sites will never be
destroyed or modified.

"All cave life, fossil
preservation, and archaco-
logical material preserva-
tion is directly dependent
upon the unique water
chemistry of Bahamian
blue holes," the proposal
says.

"Since the organic sur-
face matter is the building
block of the entire biologi-
cal process, it is of utmost
importance that all vegeta-
tion found near the
entrances to blue holes, as
well as vegetation found
above the underground
passages, be kept in a pris-
tine condition."

While traditional fishing
and hunting could contin-
ue in the conservation
zone, Scientists want to
keep the pine forest, blue
holes, tidal creeks, logging
roads and mangrove areas
as they currently are, while
promoting them to the
tourism industry as one of
Abaco’s great natural won-
ders, and encouraging par-
ticipation by local Bahami-
an entrepreneurs.

Once the protected area
is established, a manage-
ment plan will be created
by The Bahamas National
Trust in consultation with
The Bahamas Caves
Research Foundation, the
Antiquities Corporation,
Friends of the Environment
and local stakeholder com-
munities.

"In the past, the value
of blue holes and associated
habitats was not fully
known," the proposal says,
“and they have been mis-
treated through dumping
and sewerage contamina-
tion. We now have a
chance to take a step that is
proactive, instead of reac-
tive, in conserving these
irreplaceable treasures."

The Bahamas Caves
Research Foundation is
also compiling a national
blue holes database for the
Department of Marine
Resources, the BEST Com-
mission and the Antiquities
Corporation. About 260
sites have been identified

so far on 14 islands (Grand
Bahama, Abaco, New
Providence, Andros, Berry
Islands, Exuma Cays,
Eleuthera, Long Island,
Ragged Islands, Cat Island,
Mayaguana, Little Inagua,
and Inagua).

Diving into
the Sargasso Sea

The Bahamian archipel-
ago lies on the edge of the
Sargasso Sea. This area has
been described as an ocean
within an ocean, bounded
by a vortex of swirling
ocean currents—a place
where huge mats of sea-
weed drift on the high seas
and shelter a unique com-
munity of open ocean ani-
mals.

University of Miami
marine ecologist Dr Kath-
leen Sullivan Sealey (a for-
mer dean of the College of
the Bahamas science divi-
sion) is currently travelling
on a research vessel oper-
ated by the California-
based Schmidt Ocean Insti-
tute to study the animals
that live at the surface of
the Sargasso Sea, and also
those that live on the deep
seafloor, thousands of feet
below.

On February 6 the
research vessel left the
Canary Islands for Bermu-
da on the first leg of its
cruise, and will cross the
Sargasso Sea from north to
south, coming to port in the
Bahamas later this month.
Sullivan Sealey is part of
an interdisciplinary team of
scientists led by Monterey
Bay Aquarium Research
Institute ecologist Ken
Smith.

Animals

At six different points
within the Sargasso Sea, the
scientists are collecting
samples of animals and sea-
weed. They will also use a
small robotic submersible
to videotape the deeper
portions of the floating Sar-
gassum mats and to make
water-quality measure-
ments. These observations
will help the team deter-
mine how many animals
exist as part of this unique
community.

The team’s second
objective is to study ani-
mals that live on the deep
seafloor. At each of the six
study sites in the Sargasso
Sea, baited cameras will be
lowered to the seafloor to
record the deep-sea fish
and other animals that are
attracted to the bait over a
24-hour period.

At the most southerly
study site, about 500 miles
west of Bermuda, the sci-
entists will also set up a
long-term observing system
5,400 metres down on the
abyssal seafloor.

The observatory consists
of a time-lapse camera sys-
tem connected to a string
of “sediment traps”. The
time-lapse camera will snap
pictures of a four-by-five-
meter patch of ocean floor
every hour for up to six
months.

Previous studies of
abyssal animals in the east-
ern North Pacific and east-
ern North Atlantic demon-
strated that climate change
is affecting sea life at
depths previously thought
to be insulated from such
things.

The current research will
help scientists to better
understand how these
effects vary from one part
of the ocean to another on
a global scale.

What do you think?
Send comments to
larry@tribunemedia.net
Or visit
www.bahamapundit.com

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


PAGE 10, WEDNESDAY, FEBRUARY 16, 2011

THE TRIBUNE









lov



W



ST INDI



SW





ST INDIAN’?



We are failing to fulfill promise we once held

(This is the final article in a
three-part series delivered
by Sir Shridath Ramphal at
the eleventh Sir Archibald
Nedd Memorial lecture giv-
en in Grenada on January
28. His subject: Is the West
Indies West Indian?)

By SIR SHRIDATH
RAMPHAL

THERE is another major
respect in which the West
Indies in not being West
Indian in the Marryshow
manner; is not being true to
itself. We are failing to fulfil
the promise we once held
out of being a light in the
darkness of the developing
world. Small as we are, our
regionalism, our West Indian
synonymy, inspired many in
the South who also aspired
to strength through unity.
Solidarity has been lost not
only amongst ourselves, but
also collectively with the
developing world.

And, perhaps, therein lies
the “rub.” Were we making
a reality of our own regional
unity we would not be false
to ourselves and we would
have inspired others who, in
the past, had looked to us as
a beacon of a worthy future.
Instead, we are losing our
way both at home and
abroad.

Have we forgotten the
days when as West Indians
we were the first to daringly
bring the “Non-Aligned
Movement” to the Western
Hemisphere, when we pio-
neered rejection of the “two
China” policy at the United
Nations and recognized the
People’s Republic; when,
together, we broke the
Western diplomatic embargo
of Cuba; when we forced
withdrawal of the Kissinger
plan for a “Community of
the Western Hemisphere”;
when we were in the front
rank (both intellectual and
diplomatic) of the effort for

pu

a New International Eco-
nomic Order; when from this
region, bending iron wills,
we gave leadership in the
struggle against “apartheid”
in Southern Africa; when we
inspired the creation of the
ACP and kept the fallacy of
“reciprocity” in trade at bay
for 25 years; when we forced
grudging acceptance in the
United Nations and in the
Commonwealth that “small
states” required special and
differential treatment? In all
this, and more, for all our
size we stood tall; we com-
manded respect, if not
always endearment. We
were West Indians being
West Indian.

Partners

For what do we stand
today, united and respected
as one West Indies? We
break ranks among our-
selves (Grenada, I acknowl-
edge, no longer) so that
some can bask in Japanese
favour for helping to exter-
minate endangered species
of the world’s whales. We
eviscerate any common for-
eign policy in CARICOM
when some of us cohabit
with Taiwan. Deserting our
African and Pacific partners,
we yield to Europe — and
take pride in being first to
roll over.

What do these inglorious
lapses do for our honour and
standing in the world? How
do they square with our ear-
lier record of small states
standing for principles that
commanded respect and but-
tressed self-esteem? The
answers are all negative.
And, inevitably, what they
do in due measure is require
us to disown each other and
display our discordance to
the world. This is where





“Were we making a reality of
our own regional unity we would
not be false to ourselves and we
would have inspired others who,
in the past, had looked to us as a
beacon of a worthy future.
Instead, we are losing our way
both at home and abroad.”



“local control” has led us in
the 21st Century. We call it
now “sovereignty.” In reali-
ty, it is sovereignty we
deploy principally against
each other; because against
most others that sovereignty
is a hollow vessel.

It is easy, perhaps natural,
for us as West Indian peo-
ple to shift blame to our
Governments; and Govern-
ments, of course, are not
blameless. But, in our
democracies, Governments
do what we allow them to
do: they themselves say: “we
are doing what our people
want us to do.” It is not
always true; but who can
deny it, when we accept
their excesses with equa-
nimity, certainly in silence.

No! There is fault within
us also. We have each been
touched with the glow of
“local control”; each moved
by the siren song of “sover-
eignty”; have each allowed
the stigma of otherness, even
foreignness, to degrade our
West Indian kinship. The
fault lies not only in our
political stars but also in our-
selves that we are what and
where we are; and what and
where we will be in a global
society that demands of us
the very best we can be.
When the West Indies is not
West Indian, it is we, at least
in part, who let it be so. And
what irony: Marryshow and
his peers demanded that we

WLS WAN)

Yesterday's Question

Our story mentions the main roads and areas the NDP
and Workers Party travelled on their islandwide protest
on Thursday. Name three of them.

Yesterday’

Baillou Hill Road, Bay

S Answer

reet,Paradise Island,

Mackey Street, Carmichael Road, Coral Harbour
and the Sir Lynden Pindling International Airport

be West Indian to be free
together. We were; but in
our freedom we are ceasing
to be West Indian and in the
process are forgoing the
strengths that togetherness
brings.

When are we at our best?
Surely, when the West
Indies is West Indian; when
we are as one; with one iden-
tity; acting with the strength
and courage that oneness
gives us. Does anyone doubt
that whatever we undertake,
we do it better when we do
it together?

Message

Thirty-five years ago, in
1975, on the shores of Mon-
tego Bay, as I took leave of
Caribbean leaders before
assuming new roles at the
Commonwealth, my parting
message was a plea TO
CARE FOR CARICOM.
Among the things I said then
was this:

Each generation of West
Indians has an obligation to
advance the process of
regional development and
the evolution of an ethos of
unity. Ours is endeavouring
to do so; but we shall fail
utterly if we ignore these
fundamental attributes of
our West Indian condition
and, assuming without war-
rant the inevitability of our
oneness, become casual,
neglectful, indifferent or

INTERNATIONAL NEWS
: °®©@3§6lffl

SECRETARY OF STATE
Hillary Rodham Clinton
delivers her speech on
‘Internet Rights And
Wrongs: Choices &
Challenges In A
Networked World’
sami (AP)

undisciplined in sustaining
that process and that evolu-
tion.

The burden of my mes-
sage is that we have become
“casual, neglectful, indiffer-
ent and undisciplined” in
sustaining and advancing
Caribbean integration: that
we have failed to ensure that
the West Indies is West Indi-
an, and are falling into a
state of disunity which by
now we should have made
unnatural.

The process will occasion
a slow and gradual descent —
from which a passing wind
may offer occasional respite;
but, ineluctably, it will pro-
duce an ending.

In Derek Walcott’s recent-
ly published collection of
poems, White Egrets — for
which he has just won the
prestigious T.S. Elliot Prize —
there are some lines which
conjure up that image of
slow passing:

With the leisure of a leaf
falling in the forest,

Pale yellow spinning
against green — my ending.

This must not be a region-
al epitaph. But, If CARI-
COM is not to end like a
leaf falling in the forest, pre-
vailing apathy and uncon-
cern must cease; reversal
from unity must end. The
old cult of “local control”
must not extinguish hope of
regional rescue through col-
lective effort; must not allow
a narcissist insularity to deny
us larger vision and
ennobling roles. We must
escape the mental prison of
narrow domestic walls and
build a West Indies which is
West Indian. We must cher-
ish our local identities; but
they must enrich the mosaic
of regionalism, not withhold
from it their separate splen-
dours.

In some ways, it must be
allowed, our integration slip-
page is less evident among
the smallest of us. The

OECS islands have set out
a course for more ambitious
and deeper economic inte-
gration among themselves
which would be worthy of
all, if it could subsist for all.
The Treaty establishing the
OECS Economic Union is
now in force. But, it is early
days; it remains to be seen at
the level of action, at the lev-
el of implementation,
whether, even for them, the
earlier “agony” (of which Sir
Arthur Lewis wrote so rue-
fully in 1962) lingers still.
Meanwhile, however, con-
gratulations are in order,
and I extend them heartily.

Ethos

In moving closer to “free-
dom of movement” among
the OECS countries they
have set a vital example to
the rest of CARICOM. The
OECS West Indies is being
West Indian. May it trans-
late into an ethos among
them, and in time infuse the
wider Community with an
end to “foreignness” among
all West Indians. The OECS
islands have taken the first
steps in a long journey
whose ultimate goal must be
a larger union.

Collectively, we must
recover our resolve to sur-
vive as one West Indies — as
one people, one region, one
whole region.

Imbued by such resolve
there is a future that can be
better than the best we have
ever had.

Neither complacency nor
resignation nor empty words
will suffice. What we need
is rescue — by ourselves,
from ourselves and for our-
selves.

We cannot be careless
with our oneness, which is
our lifeline. As it was in St
Georges in 1915, so it is now:
The West Indies must be
Westindian!



CLINTON ‘SPEAKS OUT AGAINST INTERNET REPRESSION

WASHINGTON
Associated Press

"We believe that governments who have erect-

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The United States stands with cyber dissi-
dents and democracy activists from the Middle
East to China and beyond, Secretary of State
Hillary Rodham Clinton said Tuesday.

She pledged to expand the Obama adminis-
tration's efforts to foil Internet repression in
autocratic states.

In an impassioned speech on Internet free-
dom, Clinton said the administration would
spend $25 million this year on initiatives designed
to protect bloggers and help them get around
curbs like the Great Firewall of China, the gag-
ging of social media sites in Iran, Cuba, Syria,
Vietnam and Myanmar as well as Egypt's recent
unsuccessful attempt to thwart anti-government
protests by simply pulling the plug on online
communication.

She also said the State Department, which
last week launched Twitter feeds in Arabic and
Farsi to connect with populations throughout
the Arab countries and Iran, would broaden the
reach of its online miniappeals for human rights
and democracy by creating accounts that cater to
audiences in China, Russia and India in their
native languages.

Clinton challenged authoritarian leaders and
regimes to embrace online freedom and the
demands of cyber dissidents or risk being toppled
by tides of unrest, similar to what has happened
in Egypt and Tunisia to longtime presidents
Hosni Mubarak and Zine E] Abidine Ben Ali.

"History has shown us that repression often
sows the seeds for revolution down the road,"
she said. "Those who clamp down on Internet
freedom may be able to hold back the full impact
of their people's yearnings for a while, but not
forever.”

"Leaders worldwide have a choice to make,"
Clinton said. "They can let the Internet in their
countries flourish, and take the risk that the
freedoms it enables will lead to a greater demand
for political rights. Or they can constrict the
Internet, choke the freedoms it naturally sus-
tains, and risk losing all the economic and social
benefits that come from a networked society."

ed barriers to internet freedom, whether they're
technical filters or censorship regimes or attacks
on those who exercise their rights to expression
and assembly online, will eventually find them-
selves boxed in,” she said. "They will face a dic-
tator's dilemma, and will have to choose between
letting the walls fall or paying the price to keep
them standing, which means both doubling down
on a losing hand by resorting to greater oppres-
sion, and enduring the escalating opportunity
cost of missing out on the ideas that have been
blocked."

She said fighting restrictions would not be
easy but stressed that the United States is com-
mitted to ensuring the Internet remains an open
forum for discourse.

"While the rights we seek to protect are clear,
the various ways that these rights are violated are
increasingly complex,” Clinton said.

The U.S. will "help people in oppressive Inter-
net environments get around filters, stay one
step ahead of the censors, the hackers and the
thugs who beat them up or imprison them for
what they say online,” she said in the speech to
students at the George Washington University.
She countered criticism leveled at the adminis-
tration for not investing in a single technological
fix to overcome government controls, saying
there was "no silver bullet" and "no app" to do
that. Instead, she said, the U.S. would take a
multipronged approach.

Clinton's remarks, her second major address
about Internet freedom since becoming Ameri-
ca's top diplomat, come amid a groundswell of
protests around the Middle East that have been
abetted by online agitators using social media
sites such as Twitter, Facebook and YouTube to
organize anti-government demonstrations from
Algeria to Yemen, Syria, Iran and Jordan.

Despite the Obama administration's own
problems with an unfettered Internet, most
notably the release of hundreds of thousands
of sensitive diplomatic documents by the Wik-
iLeaks website, Clinton said the United States is
unwavering in its commitment to cyber free-
dom, even as it seeks to prosecute online crimi-
nals and terrorists.

TO DISCUSS STORIES ON THIS PAGE LOG ON TO WWW.TRIBUNE242.COM
PAGE 12, WEDNESDAY, FEBRUARY 16, 2011 THE TRIBUNE
LOCAL NEWS



SCENES OF DEVASTATION after x
Monday’s blaze which gutted the mg
Betty K Agencies Ltd building.

EACH ONE 7 |
He aaa
Una | d i k | ll (

rm lovin’ it

Scale

SL SH PS Gh es TNS FST? OE GL ie es



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






POWER FIRM

EVEING ALL
RENEWABLE
ENERGIES

* Grand Bahama ‘not an
incredible wind region’,
but still economically
viable

* Power firm pledges:
‘There is no renewable
energy technology that
we are not looking at’

By NEIL HARTNELL

Tribune Business Editor

Grand Bahama Power
Company and its 80.4 per
cent majority owner will
look at every renewable
energy technology for pos-
sible inclusion in its future
electricity generation, Tri-
bune Business was told
yesterday, as it currently
explores the economic via-
bility of wind power.

Ray Robinson, Grand
Bahama Power’s newly-
appointed executive chair-
man, said that while data
collected over a two-year

period suggested the island

was “not an incredible

wind region”, there were
signs that it could be eco-
nomically viable and part

of the future energy gener-

ation portfolio.

Other possibilities
included biomass, waste-
to-energy and wave/tidal
power, and Mr Robinson
pledged: “There is no
renewable energy technol-

at.”
He added: “We have
been collecting wind data

for nearly two years on this }

island, and have a good bit
of it. It’s not an incredible
wind region, but we think

we can economically devel-

_ Downtown Nassau

op wind power and that it
can be part of the portfolio
going forward.”

Mr Robinson said Grand

Bahama Power Company
thought it had “found a
good one” in terms of a
wind turbine supplier, giv-

ricane resistant, and was
now going through the
technical checks and due

tive supplier.
“We're overlaying the

wind data with our electric-

ity dat tching the right :
pe abies ceainace aa ta : Tribune Business Editor

power curve to the wind
experience in Grand
Bahama, and running
financial models to see
how we can economically
produce wind on Grand
Bahama,” Mr Robinson
said. The company, he
added, was still assessing
the best sites upon which

to locate the wind turbines. }
“One of the things we’re ;

SEE page 2B

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 i





ogy that we are not looking }

THE TRIBUNE

usine

WEDNESDAY,

FEBRUARY



Fi

Vom, 24) 1

SECTION B « business@tribunemedia.net

Power firm investment
‘much more’ than $35m

New Grand Bahama Power executive chair says

2 majority owner wants it to be ‘ leader in the

Caribbean for low cost and reliable electricity’
Sees role as ‘catalyst’ for island’s economy,

2 pledging turnaround will see lower prices and
' more reliable supply

Acknowledges firm needs to be ‘rebuilt from

: the ground up’

‘Too may cooks in the kitchen’ before

RAY ROBINSON

_ Marubeni bought out

By NEIL HARTNELL

Tribune Business Editor

Grand Bahama Power
Company’s 80.4 per cent
majority owner yesterday
told Tribune Business it
planned to invest “signifi-
cantly more” than the pre-
viously announced $35 mil-
lion power plant to turn the
company around, adding
that it wanted the utility “to
be a leader in the Caribbean
for low cost and reliable

electricity”. While unable to
give specifics as details were
still being worked out, Ray
Robinson, Grand Bahama
Power Company’s newly-
appointed executive chair-
man, said Canadian power
giant Emera was “fully com-
mitted” to making the nec-
essary investment to
“rebuild the utility from the
ground up”.

SEE page 2B



GUTTED: Fire caused
millions of dollars of
damage to downtown
Nassau.

Partnership chief

| expresses hope fire
| may act as ‘catalyst

en that the design was hur- 2 to move forwar d in
| earnest’ with city’s

diligence with the prospec- }

_ redevelopment

By NEIL HARTNELL

While some $35-$40 mil-

i lion worth of Bay Street
i property/real estate was
? destroyed in the Valentine’s
i Day Fire, the Downtown
: Nassau Partnership’s co-
: chairman yesterday said it
? could be “a sort of blessing

in disguise” for the city’s
revitalisation, acting as a
“catalyst” to redevelop the

affected area into the envis-
i aged ‘Living Waterfront’.

Vaughn Roberts told Tri-

i bune Business that, once the
i “dust settles” and proper-
: ty/business owners complete
i their damage assessments,
: they and others could “focus
? on the spirit of the revitali-
i sation” and “move forward
i in earnest” on downtown
: Nassau’s long-awaited and
? planned redevelopment.

He acknowledged that

much depended on the plans
: of the Betty Kelly-Kenning
; estate, owner of the Betty

K shipping company’s prop-

i erty, which was the major
: real estate holding impacted
? by the fire - and also one
: accounting for a significant
: chunk of the waterfront that

SEE page 3B



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‘Significant
loss to agent
via Scotiabank
insure policy

By NEIL HARTNELL
Tribune Business Editor

A leading insurance agent yesterday told Tribune Business
that Scotiabank’s group homeowners insurance arrange-
ment with J. S. Johnson had “a pretty significant impact” on
its business last year, with several clients lost to the bank’s
determination to protect its mortgage portfolio.

Warren Rolle, managing director of Nassau Underwriters
Association (NUA), the agency owned 100 per cent by
Bahamas First, said it was having to be “very proactive” in
dealing with homeowners insurance clients holding Scotia-
bank (Bahamas) mortgages, ensuring their premiums were
received early to prevent the bank from placing them on the

J. S. Johnson policy.

Questioning why the bank did not allow mortgage clients
to remain with their existing agent or broker, Mr Rolle told
Tribune Business: “We’ve lost a few clients. I think last
year that it was a pretty significant impact. I haven’t quan-
tified it in terms of numbers, but I’ve asked someone to

keep a track of that.”

The NUA managing director said he understood Scotia-
bank’s concern to ensure all its mortgage exposures -
whether residential or commercial - were fully covered by
insurance, in case they were wiped out by a hurricane or
some other catastrophe, but added that he and other
agents/brokers harboured reservations about how this was

SEE page 4B



REGULATIONS CAUSE
PILOT LICENCE FEAR

* Government urged to implement ‘grandfathering’
or transition period on Civil Aviation regulations

By NEIL HARTNELL

Tribune Business Editor

A leading Bahamian avia-
tion executive last night
urged the Government to
include a ‘grandfathering’ or
transition period in the
amended Civil Aviation Safe-
ty regulations, explaining that
their immediate implemen-
tation could leave up to 70-80

per cent of this nation’s pilots
flying without a licence.
Captain Randy Butler,
chief executive of Sky
Bahamas, told Tribune Busi-
ness that while he and other
operators backed the new
regulations, their enforce-
ment could potentially wreak
havoc on the sector as, with-

SEE page 2B

ee eee ee lly

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PAGE 2B, WEDNESDAY, FEBRUARY 16, 2011 THE TRIBUNE





REGULATIONS |

cuseruor HOW bad communication

LICENCE FEAR |

kills your firm’s business



lt) ‘yj
RANDY BUTLER

FROM page 1B

national routes.

Of particular concern, he :
explained, was the new }

requirement that all pilot
licences expire within 24 cal-
endar months from the date

tion.

Licences

“Pilot licences expire in 24 :
calendar months from the }
date of issuance,” he told Tri- :
bune Business. “I’m flying, }
and all of a sudden I don’t }

have a valid licence.”

Questioning whether Civil |
Aviation had enough person- }
nel to rapidly process licences, }
Captain Butler added that :

cabin crew were now also } development plan,” Mr }
: ’ :

required to be licensed ? Robinson told Tribune Busi-
overnight”, another poten- }
tial industry impediment if the i

regulations were implemented }

immediately.

“The regulations are a good }
thing. It’s a good thing that
they’re in. The process and :
way they’re being imple- :
mented is going to be a prob- :
lem,” Captain Butler told Tri-
bune Business. “If they do :
enforce them, if a pilot does-

n’t have a licence he shouldn’t i over time.

be flying.

“Can they put in a transi- }
tion period or say they’re }
going to give us time to come }
into compliance? The old reg- }
ulations gave us 12 months, }
with pilots having two months :

to come in and get their :
; pleted later in 2011.

licences renewed.”

: By KIM WELCOME

he way your
staff answers
the phone may
actually hurt

i your business. Your adver-
: tising, sales representatives,
i referrals etc, all help to form
? an image of your company
i in the mind of the client.

That image can be

destroyed in five seconds
: just by the way your tele-

out a valid licence, Bahamian } phone is answered. There is

pilots would be unable to fly
on both domestic and inter- }
i most staff have never been

a right and wrong way to
answer the phone. However,

trained, as many employers
assume they know. There

i are a number of components
: that constitute a polished
? sound. One is to pause what-

of issuance. In the absence of i ever you are doing and take

any ‘grandfathering’ clause of } :
transition period, Mr Butler : ay itealh Delors ate wes:
said all pilots with a licence }
issued before 2009 could }
effectively be prevented from }
flying until they renewed this. }

He added that the majority ;
of industry licences, based on }
his experience, were issued in }
the 2000-2004 period follow- }
ing the last amendments to }
the Civil Aviation Safety Reg- }
ulations in 2001. Captain But- ;
ler estimated that some 70-80 }
per cent of Bahamas-based }
pilots could be in this situa- ;

You should never sound like
you've been interrupted.

A lack of enthusiasm con-
veyed by your staff is always
disenchanting for someone
who is inquiring about a

POWER FIRM
EYEING ALL

RENEWABLE
ENERGIES

FROM page 1B

doing is a long-term system }

ness.

Technology

“There is no new renew-

able energy technology

we’re not looking at.
“There’s a wealth of new

renewable technology that :
may end up being part of
the generation portfolio }

“We're looking at any ;

number of these.”

TALKING

BG

product or service to pur-
chase, now or in the future.
Buyers are inevitably turned
off by sales or customer ser-
vice representatives that
effect an air of ‘couldn’t care
less’. The average business
only hears the complaints of
4 per cent of their unhappy
customers; the rest just do
not return.

Whenever a prospective
buyer asks a question, this
is an open door to engage
them, and a golden oppor-
tunity to enable them to
solve ‘their problem’. If you
ask the right questions, you
position yourself and your
company as the experts in
the field.



research has shown that 68
per cent of the clients you
may have lost left because
of an attitude of indifference
conveyed by employees.
They want to feel they are
your number one priority.
There are many ways to
make your customer feel
special. One is to refer to
them by name whenever
appropriate, especially those
who do business with you
often. Everyone likes to
hear their name, so try to
find opportunities to address
them by theirs. This has

customer loyalty.

Poor business etiquette is
sometimes the most inad-
vertent way to turn off a cus-
tomer or client. It is often
just small details in this area
that tend to alienate poten-
tial buyers. Have you ever
walked into an office and
had to wait for 30 seconds
(this is the length of a tele-
vision commercial), while
the receptionist finishes
telling her co-worker a sto-
ry? It is never wise to
assume your staff know the
rules of business etiquette.
Invest in valuable training.

Emotions can get in the
way of professionalism.
Everyone has the occasion-
al bad day, but no company
can afford to have the nega-
tive moods of their staff seep
into the client’s experience.
Unfortunately, without all
the background information,
the client may just assume
your staff is aloof, abrupt or
unprofessional. There are
ways to keep negative emo-

techniques all the time.

Lack of empathy from a
company with whom one
has spent money doesn’t feel
good when you have a prob-
lem. However, the benefits
of a well-trained customer
service representative can
have immeasurable rewards
for a company. The proper
use of tone, inflection and
volume can be learned to
convey the empathy need-
ed to subdue the disgrun-
tled. The customer may not
always be right, but it does-
n’t benefit your company
when your representative
goes out of their way to
prove them wrong.

NB: Kim Welcome is
chief executive of Influen-
tial Voice. A xommunica-
tion trainer and coach, she
assists businesses and indi-
viduals to achieve their goals
through helping them to
develop deliberate, skillful,
polished communication

Staff may be perceived as
cold. Customer care

been proven to help build

tions from leaking into your
voice. Actors practice these

skills. For more info
www.influentialyoice.com

Power firm investment
‘much more’ than $35m

FROM page 1B

Describing the current level of pow-
} er outages and blackouts on Grand
? Bahama as “absolutely unacceptable”,
? Mr Robinson said Emera would “make
available all the resources required” -
? financial, managerial and technical -
? to turn the monopoly electricity sup-
i plier, which has 19,000 total customers,
? around.
i Pledging that the short-term goal
? was to “stabilise the operation”, name-
? ly the reliability of Grand Bahama
? Power Company’s infrastructure and
? power supply, plus also the tariff rates
? levied on consumers, Mr Robinson said
Emera’s buyout of former majority
? owner, Japanese conglomerate
? Marubeni, had made the decision-mak-
: ing and implementation process much
? easier.

Mr Robinson said Grand }

Bahama Power Company’s }
review analysis of these }
renewable energy technolo- }
gies was likely to be com- }





The Board of Directors
of FamGuard Corporation Limited

is pleased to advise that
the fourth quarterly dividend for 2010
of 6 cents per share

has been declared to be paid on
March 2, 2011
to Shareholders of record as at
February 23, 2011

FAMGUARD CORPORATION LIMITED
The parent holding company of

Family Guardian Insurance Company Limited
BahamaHealth Insurance Brokers & Benefit Consultants Limited
FG Insurance Agents & Brokers Limited
FG Capital Markets Limited
FG Financial Limited

FAMGUARD

CORPORATION LIMITED





Interested

“We continue to be very interested
? in the Caribbean, but particularly in
: the Bahamas, and especially and cur-
i rently, Grand Bahama and Grand
: Bahama Power Company,” Mr Robin-
? son said of Emera’s Caribbean focus,
i? its investments also including St Lucia
: and Barbados.

: “Grand Bahama is so poised, has so
? much going for it, and there’s so many
? Opportunities. We just hope that if we
? can do what needs to be done, we can
: bea catalyst to get Grand Bahama to
? the place it should be.”

: Indicating that Grand Bahama Pow-
: er Company was Emera’s “immediate
: focus” in its Caribbean portfolio, Mr
? Robinson said this was not due just to
: his “focus and presence here”.

: “We are making available to Grand
: Bahama Power Company all the
i resources required to turn the opera-
? tion around,” he added. “It took an
? awful long time to get to the state it’s
? in, and it will take an awful lot of focus,
: effort and determination to get it to
? the state it should be in. The founda-
? tional things need to be re-established.”
i Dividing Emera’s plans into short,
? medium and long-term goals, Mr
: Robinson said the immediate focus
: was on restoring stability to Grand
: Bahama Power Company, ensuring
? reliability of operations and the power
? supply. Rate stabilisation was also a
i priority.

? “Customers want affordable and reli-
? able power.

: “They want their lights to come on
? when they turn them on,” the executive
? chairman added. “We intend to lower
i the costs of electricity over time if we
? can put in the right investment and the
; Tight regulatory regime.

“T don’t want to be over-dramatic,
but we’re really going to have to
rebuild the utility from the ground
uUp........ but we’ve got the determination
to do it. Ultimately, it [Grand Bahama
Power Company] is going to be a
leader in the Caribbean so far as low
costs and reliability of electricity.”

Asked about the status of plans to
construct a new $35 million power
plant for Grand Bahama, a project
announced when Marubeni was bought
out, and which was supposed to start
earlier this year, Mr Robinson said the
power company was “in active com-
mercial negotiations” on this and
would release details once they were
tied down.

“Ultimately, it’s going to be a much
more substantial investment and instal-
lation when it’s announced,” Mr
Robinson said, confirming when asked
by Tribune Business that the level of
investment would be “significantly
more” than the initially touted $35 mil-
lion.

This, he added, related directly to
the need to lower power rates and
ensure reliable, consistent electricity
supply, something Grand Bahama busi-
nesses and residential customers could
not necessarily “count on when need-
ed”.

“Tm hoping that what we can do, if
we make the right investment, is lower
the cost of electricity to the investor
community to make them more com-
petitive and bring more industry to
Grand Bahama,” Mr Robinson told
Tribune Business.

If, by lowering power costs, Grand
Bahama Power Company attracted
more investment and business to the
island, the executive chairman said it
would be a win-win for all concerned,
since more commerce equalled more
electricity customers, while the greater
volume lent scope for further tariff
cuts.

“That kick starts everything, and we
think we can be part of the catalyst to
turn this economy around,” Mr Robin-
son said.

“Certainly, our focus is to do the
right thing and bring rates down over
time.

“The next 18 months are going to
be challenging, but after that we will be
on the right path.”

While Emera was effectively dis-
secting the “carcass” of the existing
Grand Bahama Power Company, Mr
Robinson said rate reductions “can
only come after new and more effi-
cient generation plant is on the island,
and that takes time. We’re committed
to making that investment and getting
to a better place”.

He pointed out that Grand Bahama
Power Company’s steam plant and

combustion turbines had enjoyed a
long life, and it was now time to replace
them.

Mr Robinson also explained that
Emera’s $82 million acquisition of
majority control had given it control
over how Grand Bahama Power Com-
pany was operated and managed,
something it lacked as a 25 per cent
minority investor.

“When you’re a minority investor
you can articulate your views but not
have more leverage than that,” he told
Tribune Business.

“We were trying to work and col-
laborate with the shareholders and
partners, and it came to the point
where there were too many cooks in
the kitchen and something had to
give.”

He added, though, that no one went
away from the deal unhappy.

Investment

Emera's $82 million purchase of
Marubeni's stake valued 100 per cent
of Grand Bahama Power Company at
just over $148 million, and took its total
investment in the monopoly power
provider to $123 million, having spent
$41 million on acquiring the 50 per
cent ICD Utilities interest previously
held by Lady Henrietta St George.

The remaining 19.6 per cent stake
in Grand Bahama Power Company is
held by the Bahamian institutional and
retail investors in ICD Utilities, yes-
terday's deal valuing their collective
stake at $29 million.

Mr Robinson has been working on
Emera’s Caribbean business for some
time, having previously spent three
years as president and chief executive
of its Bangor Hydro Electric Company,
in Maine, serving over 117,000 cus-
tomers.

He has also served terms as presi-
dent of Emera Utility Services, and as
a member of the joint owners commit-
tee of Bear Swamp Power Company.
Prior to Emera, Mr Robinson was the
president and chief executive of Yukon
Energy Corporation, as well as holding
various senior positions at West Koote-
nay Power and Nelson Hydro in British
Columbia, St Catharine’s Hydro and
Canadian Niagara Power in Ontario,
Bowater Mersey Paper Company in
Nova Scotia and the City of Calgary
Electric System in Alberta.

Mr Robinson will oversee the new
diesel plant construction, which will
include a comprehensive technology-
training plan for Bahamians, similar
to a technical academy. Emera
described this as a first in the Bahamas
and Caribbean.

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



WEDNESDAY, FEBRUARY 16, 2011, PAGE 3B



‘Blessing in disguise’
lespite $35-$40m loss



FROM page 1B

would be freed up anyway
come May 2011 when the
freight firms move to the
new Arawak Cay port.

Telling Tribune Business
he understood that the
estate had been seeking to
sell the property for a price
between $10-$12 million
anyway, given that Betty K’s
impending May 7 move
would leave it without a ten-
ant and rental income, Mr
Roberts said he suspected it
would continue to seek a
buyer.

The real question, he
added, was whether the fire
and loss of the buildings
themselves would devalue
the real estate in the eyes of
any potential purchaser, and
whether the estate would
realise a lower purchase
price as a result.

“There’s clearly an incen-
tive for the redevelopment
of that entire area, but the
big question is the owners
of Betty K and what they
are going to do and, if
they’re going to sell, how
quickly it goes on the mar-
ket,” Mr Roberts told Tri-
bune Business.

Juan Bacardi, head of the
Bristol Group of Compa-
nies, which operated the
Bacardi store on the corner
of Bay Street and East
Street, told Tribune Busi-
ness in an e-mailed note that
the company would “recon-
struct the retail” and “keep
pushing ahead”.

The Bristol Group was
currently assessing the dam-
age to the store, but added
that the structure “seems
secure” and most of the
damage appeared to be
smoke and water-related.

Noting that at least four
other property owners had
been impacted by the fire,
Mr Roberts said the DNP
would seek to “exercise
some influence” over the
area’s redevelopment and
its implementation, and
added: “We’re trying to be
as influential as we can, but




| ed a

ee ee —



VAUGHN ROBERTS

obviously as sensitive as we
can in terms of organising
the property owners with
regard to the vision for that
area.”

Valued

The DNP managing direc-
tor said that if the Betty K
building was being valued
by its owner at $12 million
prior to the fire, the other
damaged buildings were col-
lectively “probably around
double that”, taking the
total value of impacted
property/land to between
$35-$40 million.

And that, he acknowl-
edged, did not include all
the lost inventory, including
the freight sitting in Betty
K’s warehouse, plus rev-
enues lost by the retailers in
the burned building and sur-
rounding area.

Yet, turning to the posi-
tive, Mr Roberts told Tri-
bune Business: “I’m hope-
ful that once the dust settles
it [the fire] becomes a cata-
lyst for a focus on that area.
If you look at what the
Klonaris brothers have done
in their project at Elizabeth
on Bay, the property that
was damaged by the fire ties
in the core of the city to the
Klonaris project.

“That block is still very
valuable, and through very
quick development of the
properties damaged fire it
could link the core of the
city and expand it east to
Elizabeth on Bay.”

While “requiring some co-

RAGING: Fire rear up from the downtown buildings.

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

ordination”, Mr Roberts
said such development
would be “consistent with
the vision for the water-
front”, since the Betty K
property stood at the heart
of a 40-acre section on Nas-
sau Harbour that has been
eyed for transformation into
an area filled with retail,
restaurant, condo and oth-
er attractions - a ‘Living
Waterfront’, once the ship-
ping companies are gone.

The DNP managing direc-
tor said the heavy trucks
constantly pulling in and out
of the Betty K property had
negatively impacted shop-
per traffic moving cast on
Bay Street past the East
Street junction.

“I’m hopeful it is a sort of
blessing in disguise,” Mr
Roberts told Tribune Busi-
ness of the fire. “The value
of the properties that could
be sold may be significantly
reduced, and that should
help someone to come in
and redevelop it.

“It’s a critical part of the
AO acres, and is close to the
cruise port, with 2.5 million
passengers coming in every
year. The closer to the port,
the more valuable the real
estate becomes.

“Clearly, downtown is still
open for business. There is
still a lot of retail activity,
cruise ships coming in, and
the retail operators are very
resilient. The downtown
retail community is the best
in class in terms of retail in
this country, and they’ll use
this as an opportunity to get
excited about what they
want for the city in the
future, and focus our devel-
opment efforts in a new
way.”

Mr Roberts added: “’’m
very optimistic that the
majority of property own-
ers, retailers and investors,
after taking time to assess
the situation, will get the
energy together to move for-
ward. The area is part of the
AO acres intended to be rede-
veloped, and hopefully it
causes that to happen in
earnest.



“That’s certainly the mes-
sage we’d like to get out
there; take the time to assess
and do the clean-up, but also
focus on the spirit of the
revitalisation.”

Other affected property
owners are the Pritchards,
owners of the former John
Bull store; the Bacardi com-
pany; and the Berdanis fam-
ily, owners of the building
that housed their Venue
store.



PHOTOS: Tim Clarke/Tribune staff

TradeInvest Asset Management Ltd.
A private Wealth Management Company and
medium-sized Family office

Invites applications from suitable qualified persons for
the following position

CHIEF FINANCIAL OFFICER

The successful applicant will be a professionally qualified
accountant or certified financial analyst with at least 10
years’ experience in the financial sector and a solid
foundation in business management. A proven acumen
for financial management including audit, preparation of
financial statements, investment analysis, budgetary
assessment and human resources is required. An
understanding of the application of information technology
to enhance productivity and the ability to work effectively
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The successful candidate will report to the President of
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of complex investment and private fiduciary arrangements.

The position offers an attractive compensation and benefits
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Applications may be delivered by hand or faxed to:

The President
TradeInvest Asset Management Ltd.
Lyford Manor (West Building), Lyford Cay
P.O. Box N-7776 (slot 193)
Nassau, N.P., The Bahamas
Facsimile (242) 702-2040


PAGE 4B, WEDNESDAY, FEBRUARY 16, 2011

THE TRIBUNE



BUSINESS
Delta and American boost

some air fares by up to $120



(AP Photo/Ted S. Warren, file)

RISING FARES: In this file photo taken Dec. 27. 2010, travelers check-in at a Delta Air Lines counter at Seattle-Tacoma International Airport,
in Seattle. Delta is opening earnings season for airlines with a $19 million profit for the fourth quarter.

DAVID KOENIG,
AP Airlines Writer
DALLAS

Major U.S. airlines are
raising the price of some
tickets favored by business
travelers again, this time by
up to $120 per round trip.

Fare experts said Delta
started the latest increase on
Monday, which was
matched immediately by
American and a day later by
United, Continental and US
Airways.

It's the

second big





increase in fares in as many
weeks. The airlines’ fuel
prices have risen 50 percent
over the past year. They
eliminated many flights
when they were losing mon-
ey in 2008 and 2009, which
has given them the power to
raise fares now that planes
are more crowded and trav-
el demand is rebounding.
JP Morgan analyst Jamie
Baker said it made sense for
the big airlines to target cor-
porate travelers, who are
considered less sensitive to
price increases. He said air-

NOTICE is hereby given that DAVID WILLIAM FARRANT of
No.4 Ashford Villas, Devonshire Street, P.O.Box CB-11771,
NASSAU, BAHAMAS, is applying to the Minister responsible
for Nationality and Citizenship, for registration/naturalization as
a citizen of The Bahamas, and that any person who knows any
reason why registration/naturalization should not be granted,
should send a written and signed statement of the facts within
twenty-eight days from the 16 DAY of February 2011 to the
Minister responsible for nationality and Citizenship, PO. Box N-
7147, Nassau, Bahamas.


















INTERNATIONAL
BUSINESS

lines may have raised vaca-
tion fares as high as they can
without causing a loss of rev-
enue — presumably by dri-
ving away budget-conscious
customers.

American Airlines
spokesman Ed Martelle said
the increases covered first-
class, business-class and 7-
day advance-purchase tick-
ets. Flights up to 500 miles
(800 kilometers) were boost-
ed $20 each way, those from
501 to 1,500 miles (2,400

Request for Proposals
Internal Audit Services

The Utilities Regulation and Competition Authority (URCA) 1s the
new Converged Regulator for the electronic communications sector
(ECS) covering radio and television broadcasting, radio spectrum,

internet and data, pay-TV and voice telephony. URCA was
established on 1 August 2009, as a corporate body, by the URCA Act
2009. URCA is the successor to the Public Utilities Commission,
which ceased to exist once URCA came into being.

This Request for Proposals (RFP) is for the provision of internal
audit services by an independent service provider. The RFP can
be downloaded from the URCA website at www.urcabahamas.bs in
the Newsroom section. All responses should be addressed to the
attention of the Chief Executive Officer of URCA, and should be
submitted to URCA by 4:00 p.m. on February 25, 2011.



kilometers) were raised $40
each way, and flights longer
than 1,500 miles increased
by $60 each way, he said.

"We're responding to the
Delta initiative,” Martelle
said when asked why Amer-
ican, a unit of AMR Corp.,
was raising prices.

Delta Air Lines Inc. con-
firmed the fare hike but
declined to give a reason.
United and Continental con-
firmed that they too raised
prices. US Airways didn't
respond to messages.

Last week, United and
Continental, owned by Unit-
ed Continental Holdings
Inc., led an increase of $20
to $60 per round trip on
pricey tickets typically
bought by business travel-
ers. Delta and American
both matched that hike last
week.

Rick Seaney, CEO of
FareCompare.com, said that
like last week's increase, the
Delta-led boost on Monday
was aimed mostly at high-
end fares — about $800 per
round trip — that typically
are bought by corporate
travelers, not vacationers.

Baker said low-fare air-
lines wouldn't be able to
block this increase because
the tickets are sold at prices
far higher than the discount
carriers were already charg-
ing.
Airlines also claim that
demand for leisure travel
will be hurt if passenger fees
for security and airport
improvements are raised, as
President Barack Obama
proposed in his budget this
week.

The proposed increases
would add a few dollars per
flight to the cost of a ticket,
but Baker said it could
reduce revenue especially at
airlines such as Southwest,
which cater to price--con-
scious travelers.

Silat

For the stories behind
the news, read Insight
on Mondays



ANANTH
AURA A
PN)

MARCO CHOWN OVED,
Associated Press
ABIDJAN, Ivory Coast

At least one major bank says it has shut its doors amid Ivory
Coast's political crisis, spreading fears of cash shortages in the
increasingly isolated west African nation after the incumbent
president refused to step down.

The BICICI, a local subsidiary of France's BNP Paribas
bank, said it had temporarily suspended all Ivory Coast oper-
ations in a statement published on its website Monday. "We are
no longer capable of assuring that our activities are carried
out with sufficient judicial and financial security for our clients,
nor physical security for our employees,” the statement said.

Tuesday is a national holiday in Ivory Coast, so the number
of banks that had closed could not be determined. But a bank
official, who asked to not be identified because he is not autho-
rized to speak to journalists, said more banks would close dur-
ing the coming week. Officials condemned the measure on
state television Monday evening, saying BICICI and U.S. bank
Citibank were punishing the Ivorian people by closing.

Citigroup said in a statement its offices in the Ivory Coast
were closed Monday "in light of recent developments,” and
remained closed during the holiday on Tuesday.

"We continue to monitor the situation closely, remaining in
contact with our employees, whose safety is our paramount
concern, and our clients, who we are working with through
this difficult situation," the statement added. West African
regional bank Ecobank has shut down its automatic banking
machines, but employees at several locations said it was because
of computer problems. Justin Katinan Kone, the budget minister
in the government of incumbent leader Laurent Gbagbo,
accused the BICICI of timing the closure to coincide with the
payment of public service salaries, but assured Ivorians that
"every measure has been taken with other banks to assure the
payment of salaries and the continuity of bank services."

‘Significant’
loss to agent
via Scotiabank
insure policy

FROM page 1B



being implemented.

If mortgage clients fail to produce an underwriting schedule,
or some confirmation that the homeowners insurance premi-
um has been paid and renewed by the due date, Scotiabank is
now immediately placing them on its group policy with J. S.
Johnson. The client’s premium payments are then added to
their mortgage.

Mr Rolle said Scotiabank had informed him that the group
policy was easier to administer than allowing clients to remain
with their existing insurer, with the bank paying the premium
on their behalf, although he “doesn’t see” that necessarily
being the case.

“They’re doing a cheque to J. S. Johnson, but could do a
cheque to us just as easily. A lot of clients are upset about it,
because they prefer to do business with a company they’ve
done business with for many years. Why not deal with the
company that has held the insurance for a number of years?
What is the incentive for them to push it to one company,
rather than another,” Mr Rolle asked.

Several insurance industry executives have suggested that J.
S. Johnson paid a commission or ‘finder’s fee’ to Scotiabank in
return for the group business, but this has been vehemently -
and repeatedly - denied by both the insurance broker and the
bank. This would be illegal under the new Insurance Act.

Yet Mr Rolle is far from alone in his concerns. Another
Bahamas-based insurance broker, speaking on condition of
anonymity, told Tribune Business that Scotiabank was “being
incredibly heavy handed” in its approach, and was now requir-
ing mortgage clients to write to the bank confirming they want-
ed to maintain their existing insurance arrangements rather than
go with J. S. Johnson.

“They’re doing everything possible to push business to J. S.
Johnson,” the broker complained. “Something is highly incen-
tivising these Scotiabank managers to try and move this busi-
ness.”

Tribune Business had been told by insurance industry sources
that Scotiabank (Bahamas) had wanted to obtain such an
insurance brokers/agent licence for itself for some time, but had
been told by the Insurance Commission of the Bahamas it
would not be forthcoming.

Such a licence would have brought Scotiabank (Bahamas) on
an equal footing with Canadian-owned rivals FINCO and First-
Caribbean International Bank (Bahamas), both of which have
insurance licences, but small Bahamian brokers have long
feared such a development would be anti-competitive and
squeeze them out of the homeowners market.

Meanwhile, Mr Rolle told Tribune Business: “We have to be
very proactive in our approach to Scotiabank mortgagees, con-
tacting the client early and getting them renewed to avoid
policies being placed with J. S. Johnson.”

While the Bahamas Insurance Brokers Association (BIBA)
and Scotiabank had worked out “protocols” for the treatment
of the bank’s mortgage clients, including when renewal notices
were to be sent out and how/when its client processing unit was
to be notified premiums had to be paid, Mr Rolle said the sit-
uation was “ongoing”.

“We’re trying to abide by them to avoid losing any more busi-
ness,” he added of the protocols.

Barry Malcolm, Scotiabank (Bahamas) managing director,
explaining the rationale for the policy, previously told Tri-
bune Business that with a mortgage portfolio easily in excess of
$1 billion it needed to protect its assets, and the investment
made by Bahamian homeowners, from exposure to hurricanes
and other catastrophe perils if the latter were unable to pay the
annual property insurance premium.

"We shopped around for quite a while, and J. S. Johnson
came up with the best numbers. We had to do it; the exposure
is enormous. If we had a huge hit from a major hurricane, and
10 per cent of our mortgage portfolio was uninsured, we'd be
toast. I can now sleep at night,” he said.

Given a mortgage portfolio worth $1 billion-plus, if 10 per
cent of its mortgage portfolio was uninsured and totally wiped
out by a major storm, Scotiabank (Bahamas) could potential-
ly lose some $100 million worth of assets.

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

WEDNESDAY, FEBRUARY 16, 2011, PAGE 5B



NYSE Euronext combining

with Deutsche Boerse

Apple unveils iPhone,

iPad subscription policy

DANA WOLLMAN,
AP Technology Writer
NEW YORK

Apple Inc. announced a sub-
scription system for buying
newspapers and magazines on
iPhone and iPad applications
on Tuesday, making it easier
for publishers to mine the pop-
ular mobile devices for more
revenue.

The update announced
Tuesday enables publishers to
sell subscriptions by the week,
month, year or other period of
time, instead of asking readers
to buy each issue separately.

The added convenience
promises to help publishers sell

BUSINESS

more digital copies as they look to smart phones and tablet com- :
puters to replace some of the revenue that has disappeared over }
the past few years as readers and advertisers migrated from }

print editions.

But publishers won't be allowed to automatically collect
personal information about people who buy subscriptions }
through the Apple apps. That data is prized for marketing }

purposes.

Instead, subscribers who sign up through an app on an Apple :
device will be given the option to share their information with ;
publishers, a choice most people don't make. If people don't }
share their information with publishers, Apple will still hold }

onto it, though it will not pass it on to third parties.

Apple will also take its standard 30 percent cut from all app }
and content sales made in its iTunes store, which peddles a vari- }
ety of music, movies, games and e-books. This new subscription }

system also applies to video and music services — for instance,
the app for Netflix.

Content providers that don't want to automatically give }

Apple a slice of the revenue can try to sell subscriptions outside DAVID K. RANDALL,

the app, too. One way to do that would be through the Web } AP Business Writer

browser, although that might prove too much of a hassle for NEW YORK

people already used to buying apps, music and other things on }

iTunes.
scriptions within iTunes, if they want.

iPhone, delighting both new and existing subscribers,"

on medical leave but continues to serve as chief executive.

iPad app to take advantage of this subscription feature.

of the losses on the print side.

other information for free.
panies.
books without leaving the app for a website.

ly, Apple has not enforced this rule universally.

BANK OF ENGLAND UNDER
PRESSURE OVER INFLATION

JANE WARDELL,
AP Business Writer
LONDON

The Bank of England's credibility was called into question on men ae aac
Tuesday after official data showed that inflation surging well } :
? new exchange remains a con-

Britain's Office for National Statistics revealed that the country's | ST. In a statement released

key inflation rate rose to 4 percent in January, double the official }
target and prompting a public explanation from bank governor }
Mervyn King. King and a number of other policymakers on the }
bank's nine-strong Monetary Policy Committee have insisted the }
stubbornly high cost of living is due to temporary price shocks, such }
as soaring global commodity prices, a fall in the value of sterling, ;
? threat. Any name that puts

above the central bank's stated target.

and a rise in sales tax last month.

Prices are continuing to rise even as the economy struggles — }
: negative consequences" for
? the merger.

glimpse of the inflation figures for last week's policy meeting, }

gross domestic product shrank by 0.5 percent in the fourth quarter.
At least two members of the committee, which got an advance

backed a modest hike in interest rates from a record low 0.5 per-
cent to 0.75 percent. But King and the majority argued that high-

price rises. The Statistics Office said the largest factors in the lat-
est increase were the higher price of oil and an increase in the

to 2.4 percent in January, partially backing King's stance.

But Howard Archer, chief U.K. and European economist at

IHS Global Insight, said the rise in inflation from 3.7 percent in | "Brands are always an emo-

: tional decision. There's a lot

December was a "kick in the teeth" for the central bank.

"This level, and the prospect of further increases to come in the }
next few months, is increasingly testing the Bank of England's }
nerve and, an ever-increasing number of observers suggest, its }
credibility, over its argument that inflation will fall back under 2 }
? exchanges have been com-
Neil Prothero, economist at the Economist Intelligence Unit, said }

percent in 2012."
blaming temporary factors for rising prices is "wearing thin."

same thing,” he added. King acknowledged in an open letter to
Treasury chief George Osborne, which he is obliged to write when

secutive months, that there "are real differences of views within the
committee" about the medium-term outlook for inflation.

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



INTERNATIONAL |

The parent company of the

Apple is insisting the financial terms of the digital subscrip- New York Stock Exchange

tions sold outside the app be no better than those offered in the has agreed to be acquired by
iTunes store. And people must have the option to buy sub- } :
? stock exchange in a deal that

"We believe that this innovative subscription service will will create the world’s largest

provide publishers with a brand new opportunity to expand dig- }

ital access to their content onto the iPad, iPod ack on bination of NYSE Euronext
CEO Steve Jobs said in a statement. Jobs, a cancer survivor, 1s i Inc. and Deutsche Boerse,
? would have dual headquar-
' ‘ee : ' : in Frankfurt and New
Apple's new subscription policy follows News Corp.'s launch ; ee : ee
of the first iPad-only newspaper, The Daily, earlier this month. ; York. The companies didn't
Its subscribers are charged through iTunes, making it the first Scala We called. ie dul

More newspapers are focusing on digital devices because } announced ‘Tuesday must still
their biggest source of revenue, print advertising, has plunged } d 1
during the past four years. Digital advertising has been steadi- | @7C 7680 ators.
ly rising, but those increases have only made up for a fraction : ; :
: C _ p : Duncan Niederauer will be

Subscriptions to print editions also have been dropping in : chief executive, and Deutsche

recent years as more people turned to the Web to get news and : 7? :
: i 8 : will become chairman. The

In stark contrast to publishers, Apple has been thriving. The ; hew company will own

company, based in Cupertino, Calif., generates more than $65 | exchanges in New York,
billion in annual revenue and boasts a market value of $330 bil- }

lion — second only to Exxon Mobil Corp. among U.S. com- : #24 other cities that will con-

? tinue to operate under their
Apple now sees an opportunity to get even richer from these } ©*!Sting names.
so-called in-app purchases. As part of its effort to ensure it gets }

acut, Apple recently rejected Sony Corp.'s e-book reader app } holders will own 60 percent

for the iPhone because it doesn't give people the chance to buy } of the new company, while

? shareholders

By insisting on an in-app purchase option, Apple believes it Euronext will own 40 percent,
is making sure people using its gadgets get a familiar experience } oe
every time they buy something — a new level of a video game } PAly at about $10 billion. The

or a new issue of a magazine — through an app. Until recent- worth $25 billion. according

i to Sandler O'Neill analyst
? Richard Repetto.

the operator of the Frankfurt

financial markets company.
The new company, a com-

say what the new company

be approved by shareholders
NYSE Euronext's CEO

Boerse’ CEO Reto Francioni

Frankfurt, Paris, Amsterdam

Deutsche Boerse share-

of NYSE
valuing NYSE's parent com-

combined company will be

A new holding company

i based in the Netherlands will
? hold the assets of Deutsche
: Boerse and NYSE Euronext.
: Deutsche Boerse sharehold-
? ers will get one share in the
? new company for each share
i they own, while NYSE
? Euronext shareholders will
: get 0.47 of a share.

New York Senator Charles

after the merger was
announced, Schumer said
there was no reason NYSE
"shouldn't come first in the
new exchange's name." He
also seemed to issue a veiled

NYSE second "could have

Niederauer told reporters

i at a morning news conference
: ; ; nel : that the companies expected
er rates would be ineffective against the external factors driving the } tg announce a name for the
} new company in a month or

broad-based sales tax from 17.5 percent to 20 percent. Excluding a

the tax hike, consumer inflation rose from 2 percent in December ; oa
} for everyone, let's just be hon-

"Tt's an emotional decision

est here," Niederauer said.

of national pride, particularly
with the businesses we oper-
ate.”

Owners of traditional stock

bining for several years to

i save costs as competition
"A growing number of MPC members may be thinking the ;

mounts from new computer-

i ized stock exchanges with

Scape : names like BATS and Chi-X.
consumer inflation remains at 3 percent or higher for three con- }

The NYSE Group, opera-

i tor of the New York Stock

Exchange, bought Euronext
for $10.2 billion in 2007, beat-
ing out a rival bid from
Deutsche Boerse. That deal
remains the largest cross-bor-
der merger of exchanges,
according to Thomson
Reuters. The combined com-
pany handles stock and deriv-
ative markets in Amsterdam,
Brussels, Lisbon and Paris as
well as the NYSE Liffe deriv-
atives market.

Deutsche Boerse, whose
predecessor was founded in
1585, operates the stock mar-

(AP Photo/Michael Probst,File)

BULLISH: In this Dec. 7, 2010 file pic-
turea a bull statue stands in front of the
German stock market, building at right,
in Frankfurt, Germany. The parent com-
pany of the New York Stock Exchange
says it has agreed to combine with the
operator of the Frankfurt stock
exchange, Deutsche Boerse. The deal
announced Tuesday Feb. 15, 2011, will
create the world's largest financial
exchange owner. Deutsche Boerse
shareholders will own 60 percent of the
new company. Shareholders of NYSE
Euronext Inc. will own the rest. The deal
will give NYSE Euronext a larger foot-
print in the more lucrative business of
trading in futures and options contracts.
The boards of both exchange owners
signed off on the deal, but it must still
be approved by shareholders and regu-

lators.

ket in Europe's largest econ-
omy. It also runs Europe's
largest derivative exchange,
the Eurex.

The deal is expected to lead
to $400 million in savings,
mainly from technology and
clearing costs. It will also give
the combined company a larg-
er footprint in the lucrative
business of trading in futures
and options contracts.

The largest exchange own-
er in the U.S. is currently the
$20 billion CME Group Inc.



CME runs the Chicago Mer-
cantile Exchange, where
wheat, corn and pork belly
futures are traded, as well as a
number of other exchanges.

Shares of both companies
fell after the deal was
announced. NYSE Euronex-
t's shares fell 3.2 percent in
New York, while Deutsche
Boerse's fell 2.4 percent in
Frankfurt. NYSE shares had
jumped 14 percent February 9
after press reports that it was
in talks with the German
company.

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PAGE 6B, WEDNESDAY, FEBRUARY 16, 2011

THE TRIBUNE







ICELAND'S PAYMENT

DISPUTE WITH UK,

DUTCH NEARS END

JANE WARDELL,
AP Business Writer
LONDON

Icelandic lawmakers are

expected to this week approve :

the repayment of $5 billion to
Britain and the Netherlands,
potentially drawing a line
under a long-running saga
that caused political as well as
financial friction between the
three countries.

The so-called Icesave bill is
in Iceland's parliament for its
third and final reading on
Tuesday and a vote is likely
on Wednesday.

Lawmakers from all parties
have indicated they will vote
in favor of the deal to repay
funds that were lost when
Internet bank Icesave col-
lapsed in 2008.

The Netherlands and
Britain rembursed their citi-
zens' deposits in Icesave
upfront and have been seek-
ing repayment from Iceland
ever since.

A positive vote needs to be
ratified by Icelandic President

Olafur Grimsson — a require-
ment that killed off a previous }
deal last year when he refused }

and instead sent the agree-
ment to a national referen-
dum where it was rejected.

Grimsson has suggested he
is happier with the current
deal, which relaxes interest
rates and allows a longer time
for repayment.

The new agreement will see
Iceland start repayments in
2016 and finish by 2046, at an
interest rate of 3 percent to
the Dutch and 3.3 percent to
Britain.

An earlier Icesave agree-
ment with a 5.5 percent inter-
est rate was approved by Ice-
land's parliament, but vetoed
by the president and subse-
quently rejected in a national
referendum.

Britain has been seeking 2.3 }
billion pounds ($3.6 billion) in
compensation and the Nether- { port workers took to the streets,
? with Athens’ bus, metro, tram
? and trolleys grinding to a halt in
? a 24-hour strike to protest
: planned transit reforms aimed

: at cutting spending and waste.

lands ?1.3 billion ($1.7 bil-
lion). The deal is expected to
cost Iceland just under 50 bil-
lion Icelandic kronur ($435
million). The recovered assets
of Landsbanki, the parent of
Icesave, are expected to cover
the majority of the debt.

A petition against the bill,
which calls for Grimsson to
again use his right of veto, has
so far garnered around 20,500
signatures, around 6 percent
of the volcanic island's popu-
lation of just 320,000.

Many Icelanders remain
angry at Britain for invoking
anti-terrorist legislation to
freeze the assets of Icelandic
banks at the height of the cri-
sis. Iceland went from eco-
nomic wunderkind to fiscal
basket case almost overnight
when the credit crunch took
hold. After a decade of dizzy-
ing economic growth that saw
Icelandic banks and compa-

nies snap up assets around the }

world, the global financial cri-
sis wreaked political and eco-
nomic havoc.

Zz



Greece's economy will shrink

? by about 3 percent or more this
i year, the central bank predicted
: Tuesday, meaning the country
? would wallow in recession for a
: third straight year as it battles
? to recover from its devastating

debt crisis.
The forecast came as trans-

Greece avoided bankruptcy

? last year due to a three-year,
? eurol10 billion ($150 billion)
? international bailout loan pack-
? age from other European
? Union countries using the euro
? and the International Monetary
? Fund. In return, the Socialist
? government has been imple-
? menting unpopular austerity
? measures, including raising tax-
: es, cutting public sector salaries
? and overhauling labor legisla-
? tion. Gross domestic product
i "is expected to fall by about 3
? percent in 2011, without ruling
? out a larger reduction," the
? Bank of Greece said in its mon-
? etary policy report.

The economy contracted 2.3

percent in 2009 and is projected
: to have fallen slightly more

than 4 percent last year.
The government's austerity

? measures, which are essential
: if Greece is to continue receiv-

WASHINGTON — China, the biggest buyer of U.S. Trea-
sury securities, reduced its holdings in December for the second

straight month.

China's holdings of Treasury debt dropped 0.4 percent to $892
billion, the Treasury Department said. China's ownership of U.S.
government debt is slightly below the $895 billion it held a year

ago.

Overall, foreign holdings of Treasury securities rose 0.6 percent

ing the quarterly bailout loans,
have been widely unpopular.

The transit reforms aim to
reduce spending and waste at
Greece's loss-making public
transport companies, but work-
ers fear an erosion of their
rights. About 2,000 strikers on
motorbikes and scooters drove
through central Athens, with
hundreds stopping outside Par-
liament, where lawmakers were
to vote on the bill Tuesday
night.

Banner

Erecting a banner reading
"hands off public transport",
protesters set off firecrackers
and waved placards calling for
long-terms strikes.

Riot police lined the edge of
an area outside the Parliament
building, but the rally was
peaceful. Public transport tick-
et prices were raised up to 80
percent earlier this month as
part of efforts to reduce the
companies’ losses. Labor
unions have called a nationwide
general strike next Wednesday.

The Bank of Greece said the
recession has particularly struck
consumption and investment.

"The uncertainty, the
increasing tax burden, the fall in
demand and the funding diffi-
culties have led investments to
a reduction that in 2010 might
have surpassed 18 percent,” it
said. However, it indicated that
growth was expected to recover
due to structural reforms the



government is pushing. Unem- b : : : a :
: ? because China faces a problem it cannot quickly fix: Demand is out-
pigyment wes alba Pcied 410 i stripping food supplies, while high global commodity prices mean

surpassed 12.5 percent in 2010 ? it can't fill the gap cheaply with imports.

rise, and was estimated to have
the Bank of Greece said.

Greece has pledged to bring
its budget deficit below the 3

crisis, which broke out in late
2009, has left the country reliant
and essentially locked out of
the long-term international

interest rates for its bonds.

However, Greece has been

able to tap the short-term mar- : . oa cae : ; :
ket with regular issues of trea- | icymakers' minds," said Dariusz Kowalczyk, senior economist at
sury bills. On Tuesday, Greece : Credit Agricole CIB. "They realize the poorer people who still are

ae oe er degree than they benefit from growth."

week treasity bills, with the ; to poor families, holding down prices in university cafeterias and

Ai a eal | ? ordering local leaders to see that vegetable markets have ade-
ic a ie iG alee of ee i? quate supplies. It has tried to diffuse public frustration by claiming
oe ee ee aa hoarding and price-fixing by speculators is partly to blame.

interest rate dropping slightly

Management Agency said.

The sale's yield stood at 3.85 | head off inflation after it deflected the 2008 crisis by flooding the

percent, down from 4.10 per- i economy with stimulus money and bank lending. The economic
? rebound gave consumers more money to spend and banks are
: KS } pumping out loans despite orders to curb credit.

oversubscribed, compared with

cent in a similar sale on Jan. 18,
while the auction was 5.08 times

4.98 times in January, the
agency said.

Over the weekend, a rift
broke out between Greece and

itors after IMF, European
Commission and European
Central Bank representatives

euro50 billion ($68 billion) in
state assets by 2015.

GLOBAL ECONOMIC NEWS

A 8 8 O CI

A T E D

PReEsS §

? TAKING A REST: Shoppers rest after shopping at a supermarket in
: Beijing, China, Thursday, Jan. 20, 2011. China's economy accelerat-
: ed in the last quarter of 2010 to expand a blockbuster 10.3 percent for
i the year as its communist leaders struggle to keep growth on an even
: keel while cooling surging prices.

i JOE McDONALD,
i AP Business Writer
i BENING

$4.37 trillion. That suggests overseas governments and private
investors are still willing to buy U.S. government debt. The USS.
government is selling huge amounts of debt to finance record-high
deficits.

WASHINGTON — World Bank President Robert Zoellick
says global food prices have hit "dangerous levels" that could con-
tribute to political instability, push millions of people into pover-
ty and raise the cost of groceries.

The bank says in a new report that global food prices have
jumped 29 percent in the past year, and are just 3 percent below
the all-time peak hit in 2008. Zoellick says the rising prices have
hit people hardest in the developing world because they spend as
much as half their income on food.

BEIJING — Spiraling prices have made the grocery store a
scary place for Chinese shoppers. China's public is struggling
with a months-long surge in food prices that has defied govern-
ment efforts to combat inflation.

More sharp price rises are expected in coming months because
China faces a problem it cannot quickly fix: Demand is outstrip-
ping food supplies, while high global commodity prices mean it
can't fill the gap cheaply with imports.

A double-digit jump in food prices pushed China's inflation still
higher in January, adding to pressure on Beijing to cool living costs
with more interest rate hikes and other measures.

Consumer prices rose 4.9 percent, driven by a 10.3 percent
jump in food costs. That was up from December's 4.6 percent rate
and close to November's 28-month high of 5.1 percent.

BEIJING — China says it has enough wheat reserves to weath-
er acrippling drought as the country sought to allay concerns that
a poor harvest will further push up global food prices.

NEW YORK — The parent company of the New York Stock
Exchange said it will combine with the operator of the Frankfurt
stock exchange to create the world's largest financial markets com-

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

pany.

The new company, a combination of NYSE Euronext Inc. and
Deutsche Boerse, will have dual headquarters in Frankfurt and
New York.

TOKYO — Japan's central bank upgraded its assessment of the
world's No. 3 economy for the first time in nine months amid an
upturn in exports and production. It left interest rates unchanged
near zero as expected.

Japanese shares edged higher, with the benchmark Nikkei 225
stock average adding 0.2 percent to close at a 10-month high.

Elsewhere in Asia, Hong Kong's Hang Seng dropped 1 percent,
China's benchmark Shanghai Composite Index was virtually
unchanged, South Korea's Kospi fell 0.2 percent, Singapore's
Straits Times dropped 0.8 percent and Australia's S&P/ASX 200
slipped 0.1 percent

BRUSSELS — Europe's recovery trudged along in the final
three months of 2010, amid heavy snow in a number of countries
and new spending cuts and tax increases across the single currency
bloc.

The 16 countries that were using the euro at the end of 2010
grew a modest 0.3 percent in the fourth quarter from the previous
three month period, according to figures released by Eurostat, the
European Union's statistics agency.

BERLIN — Germany's surging economy slowed more than
expected in the fourth quarter of 2010, posting a 0.4 percent gain
on the previous quarter as a harsh winter hurt business.

LONDON — Britain's key inflation rate rose to 4 percent in
January, making it double the official target and adding pressure

Chinese shoppers struggle
with spiralling prices



(AP Photo/Ng Han Guan)

Spiraling prices have made the grocery store a scary place for

: Chu Yun, a 27-year-old office clerk.

"Prices for everything are going up and it seems it will never

: stop," Chu said as she hunted bargains in a supermarket. "I have
i no confidence prices can be brought under control this year. I
=e ’ i? think they will keep going up."

i (AP Photo/Petros Giannakouris) i _ : rae :
: DEBT CRISIS: International Monetary Fund's Poul Thomsen, left, European Union's Servaas Deroose, cen- : Prices that has defied government efforts to combat inflation with

ter, and the European Central Bank's Claus Masuch leave after the end of a news conference in Athens, ; itcrest rate hikes, price controls and a campaign to boost vegetable

: on Friday, Feb. 11, 2011. Greece's ambitious program to overcome its debt crisis has reached a "critical eaten Ow puT
; juncture" and faster structural reforms are needed, its international bailout inspectors said Friday. Officials :
? from the International Monetary Fund, European Central Bank and European Commission said they will

i recommend that Greece receives the next installment of bailout loans.

? ELENA BECATOROS,
? Associated Press
: ATHENS, Greece

China's public is struggling with a monthslong surge in food

On Tuesday, the government reported inflation accelerated in

: January, rising to 4.9 percent from December's 4.6 percent. That
? was driven by a 10.3 percent jump in food costs amid tight supplies
i and strong demand.

Economists expect more sharp price rises in coming months

"Inflation is unlikely to come down substantially in the first

: half of the year," said Mark Williams of Capital Economics. Ana-
? lysts expect more rate hikes, but Williams said that on their own,

ne i "they aren't going to bring more crops to the market."
percent eurozone limit, from

15.4 percent in 2009. The debt economic gains that underpin the Communist Party's claim to

i power. And it hits the poor majority hardest in a society where mil-

: i lions of families spend up to half their incomes on food.
on the IMF/EU bailout loans ;

Inflation is dangerous for China's leaders because it erodes

That is politically awkward as Beijing tries to enforce stability

: ahead of a once-a-generation handover of power next year to

DUEL ? younger Communist Party leaders.
debt market, with investors

demanding prohibitively high

Backdrop

"The political backdrop of the transition is paramount in the pol-
the majority of China's population are hurt by inflation to a larg-
Beijing has tried to mollify the public by paying food subsidies

But analysts say Beijing also failed to act quickly enough to

Beijing has raised interest rates three times since October, but

? economists say more rate hikes are needed and it will be months
i before the effect is seen. "It seems Chinese policymakers are
? behind the curve in fighting inflation," Kowalczyk said. "They
? have been too cautious."

the country's international cred- ;

The headline inflation numbers hide even sharper increases in

i key items. In January, the price of fresh fruit soared by more than
i a third from year earlier, while eggs rose by a fifth, the National
: Bureau of Statistics reported. At the Xinya Shopping Center, a
said Greece must privatize }

supermarket on Beijing's east side, the price of sugar is up 80

? percent over a year earlier, while high-quality rice costs 65 percent
i more, according to manager Wang Yongyi.

on the Bank of England to hike interest rates sooner than expect-
ed.

LONDON — Stocks in Europe traded in narrow ranges after
soft economic activity data combined with rising inflation indi-
cators to keep investor sentiment in check.

The FTSE 100 index of leading British shares closed down 0.4
percent, while Germany's DAX rose less than 1 percent and the
CAC-40 in Paris ended 0.3 percent higher.

MADRID — Spain paid lower interest rates as it raised 6.1 bil-
lion euros ($8.2 billion) in a bond auction that saw strong demand.

LISBON, Portugal — Portuguese train engineers went on
strike, putting pressure on the government as it cuts pay and
hikes taxes to tackle a debt crisis that is threatening to engulf the
country.

ATHENS, Greece — Greece's economy will shrink by about 3
percent or more this year, the central bank predicted, meaning the
country would wallow in recession for a third straight year as it
battles to recover from its devastating debt crisis.

BRUSSELS — Export champion Germany said trade sur-
pluses should not be targeted in the same way as deficits, a sign
that the Group of 20 rich and developing countries are likely to
clash over how to smooth out global imbalances when they meet
this week.

Like the G-20, the European Union is trying to even out trade
flows, claiming that large surpluses by some eurozone nations
helped fuel bubbles in deficit countries and contributed to the debt
crisis that has crippled the region over the past year.

LONDON — British bank Barclays reported that net profit
rose by 36 percent last year as it took fewer charges for bad
loans, and said it will be paying out less money in bonuses.

SINGAPORE — Singapore's stock exchange tried to overcome
resistance to its $8.3 billion takeover bid for the Australian stock
market operator by promising equal representation for Aus-
tralians on the board of the combined company.



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

WEDNESDAY, FEBRUARY 16, 2011, PAGE 7B





US NEWS

Businesses and
consumers give
economy boost

CHRISTOPHER S.
RUGABER,

AP Economics Writers
MARTIN CRUTSINGER,
AP Economics Writers
WASHINGTON

American businesses and
consumers are giving the
economy a boost by spend-
ing more, but the troubled
housing market remains an
obstacle, new data show.

Consumers bought more
from retailers for a seventh
straight month in January.
The gains came despite
snowstorms that limited
spending from workers with
more money in their pay-
checks from a Social Securi-
ty tax cut.

Businesses increased their
stockpiles in every month
last year, a sign that compa-
nies expect sales to remain
healthy.

Still, the view of the hous-
ing market among home-
builders hasn't changed in
four months, suggesting
weak home sales will drag
on the economy throughout
the year.

Chris Christopher, an
economist at IHS Global
Insight, said consumer
spending will likely continue
to increase over the next few
months. But he predicts it
will happen more slowly
than at the end of last year,
even with workers taking
home more pay from the tax
cut.

"Winter storms, a poor
housing market, rising gaso-
line and food prices, and
lackluster employment
growth ... put a damper on
things,” Christopher said.

Retail sales rose 0.3 per-
cent last month to $318.6 bil-



INTERNATIONAL
BUSINESS

lion, the Commerce Depart-
ment said Tuesday. Sales
have risen more than 14 per-
cent from the recession low
in December 2008.

People spent more at
department stores and on
electronics while also pay-
ing higher prices for gas.
Online sales increased at a
healthy pace.

Harsh

Still, the harsh winter
weather — which brought
many cities in the Southeast
to a standstill for days —
slowed traffic at restaurants
and building supply stores.
Americans also spent less
on clothing and furniture.

The snow slowed what
was looking to be another
strong month for car sales,
which ended up rising only
0.5 percent after a 1.5 per-
cent gain in December.

Part of the overall retail
sales gain last month reflect-
ed higher gasoline prices.
Sales at gasoline service sta-
tions climbed 1.4 percent.
Excluding the rise at gas sta-
tions, retail sales would have

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| 99

risen 0.2 percent last month.

January is a time when
stores clear out winter goods
at deep discounts to make
room for spring merchan-
dise. It is the least impor-
tant month of the year for
retailers. Still, last month
showed an underlying
healthy consumer demand
as shoppers took advantage
of clearance sales to replen-
ish their wardrobes.

As part of the broader
consumer picture, Laura
Gurski, a partner at A.T.
Kearney, says she believes
the January government
sales reports showed the
Social Security tax cuts are
helping to lift sales at gro-
cery stores.

"Consumers are spending
(the extra money)on the
basics," she said. But she
added they're not buying
big-ticket items.

Businesses appear to
expect consumers will keep
spending. Companies added
to their stockpiles for a 12th
consecutive month in
December, the Commerce
Department said. That sug-
gests further growth at U.S.
factories that could lead to
more hiring in the months
ahead.

A separate report Tues-
day pointed to further
strength in factory produc-
tion. The Empire State
Manufacturing Survey
showed that conditions for
New York manufacturers
are improving. The survey's
index of business conditions
rose to an eight-month high.

Economists think inven-
tories will keep rising as long
as sales remain strong and
businesses have confidence
that the demand will contin-

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



their paychecks from a Social Security tax cut.

ue. That should boost
demand at U.S. factories,
and ultimately lead to more
jobs.

But those jobs are unlike-
ly to come from home-
builders, who remain pes-
simistic after the worst year
for new-home sales in near-
ly a half-century.

The National Association

aT

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Dell 40 net
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than doubles

ROUND ROCK, Texas

Personal computer maker
Dell Inc. says its net income
more than doubled in the
most recent quarter.
Increased spending by busi-
nesses on technology helped
boost the results.

Dell says lower costs for
computer parts also con-
tributed to the profitable
quarter. Net income soared to
$927 million, or 48 cents per
share, from $334 million, or 17
cents per share, a year earlier.

Excluding certain items,
Dell earned 53 cents per
share, blowing past Wall

} Street's expectations. Ana-

: lysts surveyed by FactSet

: forecast earnings of 36 cents

? per share. Revenue rose 5

} percent to $15.7 billion from

? $14.9 billion. Rising revenue

? from small- and medium-size
: businesses in particular

? helped Dell offset sluggish

} consumer buying.

GEO says Google ‘very
proud’ of Egyptian exec

PETER SVENSSON,
? AP Technology Writer
; BARCELONA, Spain

Abandoning an earlier poli-

: cy of diplomatic restraint, the
? CEO of Google says the com-
} pany is "very, very proud" of

: Egyptian employee Wael

: Ghonim, who organized

: protests in Egypt and was

: thrown in jail there.

Google previously said only

that it was a "huge relief"
? when Ghonim was released
? from 12 days of detention by

(AP Photo/Gene J. Puskar)

RETAIL BOOST: Jody Dickman shops in the Shadyside section of : teat iene als
Pittsburgh, Monday, Feb. 14, 2011. Consumers bought more from sla Shae ‘led Dek
retailers for a seventh straight month in January. But snowstorms lim- | Po osm Muborak last

ited the spending gains expected from workers with more money in : Joo,

Egyptian police. He's credited
with operating a Facebook

Like any company that

: does business in foreign coun-

? tries, the online search leader

of Home Builders said Tues- : jg wary about making political

day that its index of builder : statements. Responding to

remained :
unchanged in February for :

the fourth straight month at }
: Barcelona Tuesday, Google

Any reading below 50 ? CEO Eric Schmidt said col-
indicates negative sentiment ; @boration technologies like

bout the market. The index { Facebook "change the power
a . : dynamics between govern-

' :
hasn't been above that level : ments and citizens.”

audience questions after a
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PAGE 8B, WEDNESDAY, FEBRUARY 16, 2011

THE TRIBUNE





STOCKS FALL
Hata

Wa Yh








DAY OF LOSSES: A board on the :
floor of the New York Stock :
Exchange shows the Dow Jones :
Industrial average near the close :

of trading Wednesday.

CHIP CUTTER,

AP Business Writers
MATTHEW CRAFT,
AP Business Writers
NEW YORK

A surprisingly weak retail
sales report drove stocks low-
er on Tuesday, giving the
Dow Jones industrial average
its second straight day of loss-
es.

The Commerce Depart-
ment said Tuesday that retail
sales rose just 0.3 percent in
January, the smallest increase
since June and half of what
economists had predicted.

Kim Caughey Forrest, equi-
ty research analyst at Fort Pitt
Capital Group, said higher
prices for gasoline and raw
materials are beginning to be
passed along to consumers.
That's hurting retail sales and
spending, she said.

"Without wage gains,” she
said, "people are going to buy
less."

Energy companies led the
way down. Exxon Mobil
Corp. lost 2.3 percent, the
largest drop among the 30
large companies that make up
the Dow. Exxon Mobil said it
added 3.5 billion barrels of oil
and gas last year to the com-
pany's massive reserves, more
than twice what Exxon pro-
duced in 2010.

The Dow fell 41.55, or 0.3
percent, to close at 12,226.64.
That's only the third day this
month the Dow has closed
lower.

The Standard & Poor's 500
index fell 4.31, or 0.3 percent,
to 1,328.01. The Nasdaq com-
posite index fell 12.83, or 0.5
percent, to 2,804.35.

The parent company of the
New York Stock Exchange
agreed to combine with the
operator of the Frankfurt
stock exchange, Deutsche
Boerse AG, creating the
world's largest financial mar-
kets company.

Shares of both companies
fell after the deal was

announced. NYSE Euronext's

shares lost 3.4 percent in New
York, while Deutsche
Boerse’s lost 2.4 percent in
Frankfurt.

One of NYSE's biggest
competitors, Nasdaq OMX
Group Inc., fell 4.6 percent.

Roughly three stocks fell
for every one that rose on the
New York Stock Exchange.

S2wk-Low
0.97
9,67
4.42
0.18
2.70
2.14
9.62
2.36
5.40

Benchmark
Bahamas VWaste
Fidelity Bank
Cable Bahamas
Colina Holdings

1.63 Consolidated Vater BDRs

1.40 Doctor's Hospital
5.47 Famguard

7.23 Finco

8.77

3.75 Focol (S)

Securit _y
AML Foods Limited
Bahamas Property Fund
Bank of Bahamas

Commonwealth Bank (S1)

FirstCaribbean Bank

(AP Photo/NBC, William B. Plowman)
? MEET THE PRESS: In this photo released by NBC House Speaker Rep. John Boehner, R-Ohio, speaks about the 2012 budget on NBC's "Meet :
: the Press’ in Washington Sunday, Feb. 13, 2011. Boehner said he wants President Barack Obama to support Republican efforts to make deep :

cuts in this year's budget as a down payment in the effort to attack soaring deficits.

BEN FELLER,
AP White House
Correspondent

: WASHINGTON

Defending his new budget
as one of "tough choices,”
President Barack Obama said
Tuesday that more difficult
decisions about the nation's

biggest expenses — Medicare,

Medicaid and Social Security

— will have to be tackled by

Democrats and Republicans
acting together, not by White
House dictates.

"This is not a matter of,
‘you go first, I go first,’” he
said. "It’s a matter of every-

body having a serious con-
i versation about where we
i want to go and then ultimate-

ly getting in that boat at the
same time so it doesn't tip
over."

The president pitched his
$3.73 trillion budget as a bal-
ance of spending on needed
programs and significant
reductions that would cut the
deficit by $1.1 trillion over 10

years. The budget includes a

mix of spending freezes on
domestic programs, pay hike
suspensions for federal civil-
ian workers and new revenues
from increased taxes on the

wealthy and on oil and gas

producers.

But Obama's deficit relief is
far more modest than that
detailed by his fiscal commis-
sion, which in December pro-
posed measures that would
mop up four times as much
red ink. Unlike his blue-rib-

ROYAL FIDELITY

Morty al Work





INTERNATIONAL
BUSINESS

bon group, the administra-
tion's budget does not address
structural changes in Social
Security or Medicare, the two
largest items in the federal
budget.

"Look at the history of how
these deals get done," Oba-
ma said Tuesday.

"Typically it's not because
there's an Obama plan out
there. It's because Democrats
and Republicans are commit-
ted to tackling this in a serious
way."

The commission's biparti-
san report included politically
difficult recommendation
such as increasing the Social
Security retirement age and
reducing future increases in
benefits. And while Obama
has promised to overhaul the
corporate tax system, he stops
short of commission recom-
mendations that would low-
er rates but generate addi-

BISX LISTED & TRADED SECURITIES AS OF:
FRIDAY, 11 FEBURARY 2011
BISX ALL SHARE INDEX: CLOSE 1,472.37 | CHG 0.02 | %CHG 0.00 | YTD -27.14 | YTD % -1.81
FINDEX: CLOSE 000.00 | YTD 00.00% | 2009 -12.31%
WWW .BISXBAHAMAS.COM | TELEPHONE:242-323-2330 | FACSIMILE: 242-323-2320

1.04
10.63
4.42
O.18
2.70
2.17
10.24
2.40
6.85
2.06
1.40
5.47
6.51
9.39
5.48

1.00 Focol Class B Preference 1.00

5,00
9.82
10.00

ICD Utilities
J. S. Johnson

Premier Real Estate

7.40
9.82
10.00

Previous Close Today's Close

Change
1.04 0.00.
10.63 0,00
4.42 0.00.
O.18 0.00.
2.70 0.00,
2.17 0.00.
10.21 0.00,
2.40 0.00.
6.85 0.00.
2.08 9,02
1.40 0.00.
5.47 0.00.
6.51 0.00.
9,39 0.00.
5.48 0.00.
1.00 0.00
7.40 0.00
9.82 0.00
10.00 0.00

Daily Vol.

EPS $

tional revenue at the same.
Obama has called for "rev-
enue neutral" fixes to corpo-
rate taxes, meaning they
would neither cost more mon-
ey nor add money to the trea-
sury.

"I'm not suggesting we
don't have to do more," the
president said.

At times defensive, Obama
used his news conference to
offer his own tutorial on how
Washington works.

He voiced exasperation at
what he said was the capital's
impatient culture and its insis-
tence on immediate results.
He said he faced the same
demands on health care, the
military's don't-ask, don't-tell
policy on gays, and on the
uprising in Egypt.

"There's a tendency for us
to assume that if it didn't hap-
pen today, it’s not going to
happen,” he said.

Partisan

He also pulled the curtain
back on the partisan posi-
tioning typical of politics,
while at the same time press-
ing Republicans to join him
at the negotiating table.

"T expect that all sides will
have to do a little posturing
on television and speak to
their constituencies and rally
their troops,” he said. "But
ultimately what we need is a
reasonable, responsible and
initially probably somewhat
quiet and toned-down con-

e EG
e

CAPITAL MARKETS
BROKERAGE & ADVISORY SERVICES

zo

crevieca wT AT.

Div $
0.123
0.013
0.153
-0.877
0.168
0.016
1.050
0.781
0.488
0.111
Go.107F
0.357
0.287
0.494
0.452
0.000
0.012
0.859
1.207

- Obama defends his new
budget of ‘tough choices’



versation about, ‘all right, i
where can we compromise

and get something done.’

Obama at one point over- }
stated the achievements of his }
budget, asserting that by the }
middle of the current decade }
annual federal spending }
would match annual rev- }
enues. "We will not be adding }
more to the national debt,"

he said.

But his budget shows }
deficits as well as debt increas- }
ing every year through 2021, :
and the president later had to }
clarify. The balance in spend-
ing and revenue, he said, }
applied only to the smaller }
"discretionary" portion of the i
budget, not to interest on the }
national debt or to rising }
health care costs in Medicare }

and Medicaid.

"That's going to require
entitlement reform and it's
going to require tax reform," :

he said.

Obama said he also wants }
to work with Republicans to }
find common ground on gov- i
ernment spending for the }
remainder of this fiscal year
and to avoid a government }
shutdown. Stopping the basic i
functions of government }
could damage the economic }

recovery, he said.

"I think it is important to }
make sure that we don't try to }
make a series of symbolic cuts i
this year that could endanger
the recovery," he said. Obama
said cutting too deeply ini
Washington could prompt }
thousands of layoffs in state }
and local governments, which }

would hurt the economy.

"The key here is for peo-
ple to be practical and not }
score political points,” he said. :

"That's true for all of us."

Obama's budget aims to cut
the deficit in part with tax i
increases, including eliminat- }
ing tax breaks for oil and gas }
producers, which have failed }
to win support before under a }
Democratic control Congress. }
The measures face an even }
tougher challenge now that i
Republicans control the }

House of Representatives.

"T continue to believe I'm :
right," he said, when asked }



UM a
PUN aE

SE
We

NEW YORK

The dollar was lower
against the euro and pound
Tuesday after a report
showed retail sales grew only
slightly in January.

The euro rose to $1.3492
late Tuesday from $1.3483
Monday, while the British
pound advanced to $1.6131
from $1.6034. But the dollar
gained to 83.82 Japanese yen
from 83.32 yen, at one point
hitting a two-month high at
83.91 yen.

In the USS., the government
said retail sales rose 0.3 per-
cent last month — economists
had expected gains of about
twice that much. Snowy
weather may have held back
some shoppers, economists
said. Consumers have recently
begun spending more, and the
latest holiday shopping season
was the best in six years.

Economists closely watch
consumer spending since it
accounts for 70 percent of the
country's total economic
activity.

The euro's gains were tem-
pered by continued worries
over a flare-up of Europe's
debt crisis. The euro has
retreated recently from a
three-month high just over
$1.38 struck earlier this
month. European finance
ministers have not yet been
able to come up with a more
powerful plan to fight the cur-
rent crisis, although they
agreed Monday to provide
500 euros ($674 billion) for a
new crisis fund that will come
into force in 2013. The offi-
cials are meeting again in
March. Investors remain wor-
ried that Portugal will become
the third country to require a
bailout, following Greece and
Ireland's emergency aid deals
in 2010.

Greek and Portuguese
transportation workers are on
strike, protesting the cost-cut-
ting reforms enacted to help
Greece and Portugal cut their
debts.

In other trading Tuesday,
the dollar fell to 98.89 Canadi-
an cents from 98.93 Canadian
cents, and fell to 0.9669 Swiss
franc from 0.9703 Swiss franc.

Oil prices fall
On economy ant
Supply concerns

NEW YORK

Oil prices retreated Tues-
day on concerns about grow-
ing supplies of crude in the
US. and weak retail sales
numbers that suggested con-
sumers were spending less
because of high energy prices.

Benchmark West Texas
Intermediate crude fell 49
cents to settle at $84.32 a bar-
rel on the New York Mercan-
tile Exchange. In London,
Brent crude fell $1.44 to settle
at $102.29 a barrel on the ICE
Futures exchange.

US. stockpiles of crude oil
continue to rise, undercutting
the price of benchmark WTI.

The Energy department
releases its weekly report on
petroleum supplies on
Wednesday. Analysts expect
it to show increases in sup-
plies of both oil and gasoline,
according to Platts, the energy
information arm of McGraw-
Hill Cos. Oil supplies have
been growing for weeks at the
Cushing, Oklahoma, hub,
which is the delivery point for
WTI crude.

Energy traders also kept an
eye on anti-government
protests that continued in Iran
and Bahrain after Egypt's
president was forced from
power last week. Demonstra-

why he relied on previously
defeated proposals. "So we're
going to try again." i

His new budget would cut }

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

Security Symbol Change Daily Vol.
Bahamas Note 6.95 (2029) BAH29
Fidelity Bank Note 17 (Series A) + PRET
Fidelity Bank Note 22 (Series B) + FBB22
Fidelity Bank Note 13 (Series C) + FBB13
Fidelity Bank Note 15 (Series D) + FBB15

tions have happened in

Yemen and Algeria as well.
There is concern that unrest
could spread to other coun-

S2wk-Hi S2wk-Low Last Sale Interest
99.46 6.95%
100.00 . 7%
100.00. Prime + 1.75%
100.00. 3 7%

100.00 Prime + 1.75%

20 November 2029
19 October 2017
19 October 2022

30 May 2013
29 May 2015

1.4076
2.8300
1.5114
2,8522
13.0484
101.6693
99.4177
1.0000
1.0000,
1.0000
9.1005

10.0000

9.1708

4.8105

RoyalFidelity Merchant Bank & Trust Ltd. (Over-The-Counter Securities)

Symbol
Bahamas Supermarkets
RND Holdings

Bid &

5.01
0.35

Ask ®
6.01
0.40

Last Price

0.55

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

ABDAB
RND Holdings:

Fund Name
CFAL Bond Fund
CFAL MSI Preferred Fund
CFAL Money Market Fund
Royal Fidelity Bahamas G & I Fund
Royal Fidelity Prime Income Fund
CFAL Global Bond Fund
CFAL Global Equity Fund
FG Financial Preferred Income Fund
FG Financial Growth Fund
FG Financial Diversified Fund
Royal Fidelity Bah Int'l Investment Fund Principal
Protected TIGRS, Series 1
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

30, 13:

0.45

31,59
0.55

29.00
0.55

BISX Listed Mutual Funds

NAVY
T5a17S
2,5527
1.5808
2.7049

13.4164
114.3684
106.5528

1.1465
1.1185
1.1491

9.7950

10.6417

10.1266
8.4510

YTD%
5.51%
0.18%
0.43%
-0.56%
0.44%
9.98%
4.75%
5.20%
4.73%
5.35%

4.85%

-1.20%

1.27%
0.72%

MARKET TERMS

Last 12 Months %
6.90%
1.61%
4.59%

-15.54%
-0.10%
12.49%
7.18%
5.20%
4.73%
5.35%

5.45%

0.50%

1.27%
8.95%

Daily Vou.

NAV 3MTH
1.498004
2.918697
1.550241

109.392860
100.779540

EPS %

BISX ALL SHARE INDEX - 19 Dec 02 = 1,000.00
52wicHi - 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

(S) - 4-for-1 Stock Split - Effective Date 8/8/2007
(S1) - 3for-1 Stock Split - Effective Date 7/11/2007

YIELD - last 12 month dividends divided by closing price
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

Div &
0.000
0.000

-2.945
0.001

4.540
0.002

0.000
0.000

NAV GMTH
1.475244
2.910084
1.533976

107.570619
105.776543

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

30-Nov-10
30-Nov-10

31-Jan-11
31-Jan-11

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

TO TRADE CALL: CFAL 242-502-7010 | ROYALFIDELITY 242-356-7764 | FG CAPITAL MARKETS 242-396-4000 | COLONIAL 242-502-7525

spending on popular energy }
assistance programs and com-
munity development projects. :
Obama took note of the harsh :
impact that cuts can have on }

individual Americans.

But he said the most impor-
tant thing he can do as presi- }
dent is focus on the long-term
stability of the economy to }
help the largest number of

people.

"I definitely feel folks' }
pain," he said, mentioning the }
gripping stories recounted in i
the 10 letters a day that he }
reads from among the thou- }
sands received at the White }
House. "You want to help }
every single one individual- }

ly.

tries and disrupt oil shipments
from OPEC countries. Iran is
the second-largest oil exporter
in the Organization of Petro-
leum Exporting Countries
behind Saudi Arabia.

"Investors had been wor-
ried about Algeria and Jor-
dan, Yemen and the Arab
Gulf states," energy consul-
tants Cameron Hanover stat-
ed. "It seems that everyone in
power is nervous."

In other Nymex trading in
March contracts, heating oil
fell 2.14 cents to settle at
$2.7290 a gallon and gasoline
lost 2.86 cents to settle at
$2.4888 a gallon.

Natural gas rose 5.1 cents
to settle at $3.976 per 1,000
cubic feet.

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

Aes

HERE are few
things more deli-
cious and satisfying
onahot summer day
than a thick wedge of

watermelon.

To be able to enjoy our own fruits
we must plan in advance for water-
melons are true 120-day crops and
any seeds we sow now will give sat-
isfaction in May or June.

Watermelons originated in West
and Central Africa and naturally
grow inthe silty areas near rivers.

We have no rivers in the Bahamas
so we must try to replicate ideal con-
ditions as best we can.

Virtually all members of the
cucurbit family enjoy well-manured
beds to grow in but watermelon is an
exception and demands well drained
soil with little or no compost.

It also demands plenty of water
and fertiliser for the fruits are among
the largest that most home gardeners
ever grow.

A regular garden area can be
readied for watermelons by the addi-
tion of sand that, of course, should
not be salty beach sand.

Builder supply companies sell

sand in 50-pound bags that will do
the job admirably.

The spacing for watermelons is a
touchy subject.

When watermelons are grown in
an area where there are no mrigation
facilities they should be spaced well
apart — up to six feet. If irrigation is
available then they can be sown
much closer together.

The classic squash and melon for-
mula of seeds planted a foot apart in
a triangle will work as long as the
supply of water and fertiliser is ade-
quate.

Watermelons come either spher-
ical or elongated, though the Japan-
ese have a technique where they
grow round watermelons in tem-
pered glass five-sided boxes in
order to produce square watermel-
ons. These are much easier to pack
for shipping but are very expensive.

Small, round watermelons are
called Icebox melons because they
can fit into the average refrigerator
comfortably.

There are also triploid or seed-
less watermelons that retain seed
scars but have no spittable seeds. In
order to grow these you must also
grow standard watermelons in order
to provide pollination.

va

id aetna 4 sor"

cae Oe

ENTERTAINMENT

Initial growth for watermelons
should be quick in order to establish
healthy vines. The soil should be
well fertilised and watered on a reg-
ular basis. Once fruits are estab-
lished the demand for water
decreases and during the ripening
stage should be minimal.

It seems strange that a fruit called
watermelon should need little water
in its later stages of growth, but that
is the way it goes.

Too much water will either pro-
duce insipid-tasting flesh or cause
the fruit to split.

It would be a shame to spend so
much time growing watermelons
and then pick them too early when
they lack optimum sweetness.

There are many claims as to the
best way to test for ripeness and
these have often been developed by
people who grow watermelons com-
mercially and can afford to lose a
few while experimenting.

An experienced watermelon
farmer can spank his fruits and tell
from the sound whether they are
ripe or not.

With a single watermelon to test
the home gardener would have no
comparisons.

So do not spank your watermel-

WEDNESDAY, FEBRUARY 16, 2011, PAGE 9B



ons. Instead, check the stem and
tendril where the fruit attaches to
the vine. At the ripe stage these dry
off.

Also check the colour on the bot-
tom of the melon where it has been
lying on the ground. The white
patch turns to a distinct straw yellow
when the fruit is ripe.

DELICIOUS: Watermelons
originated in West and Cen-
tral Africa and naturally grow
TU IN emcee

Always err on the side of caution.
When I am sure a watermelon is
ripe I always leave it for an extra
day or two anyway, unless I have
two at the same stage.



+ For questions or further information
e-mail gardenerjack@coralwave.com.



es of what we the

Bahamas looked like 40...50...60...

years in the past

SIR Durward Knowles, the Bahamas’ very first Olympic Gold medal
winner, seen here sailing his Star Class boat with Prince Philip on
Montague Bay. He later met Prince Philip at a party held for the Gov-
ernor Awards. Sir Durward was Nassau’s leading pilot responsible for
thousands of cruise ships entering Nassau Harbour.

TO DISCUSS STORIES O

BY ROLAND ROSE

RIBUNE242.C


PAGE 10B, WEDNESDAY, FEBRUARY 16, 2011

THE TRIBUNE





e

The Tribune

.

r

__4a_|



|









In addition to these two concerts and as a

UNIQUE multi-instrument
quartet whose music once
ccompanied a Canadian
astronaut on a NASA flight into
space will be performing two con-
certs in Nassau this weekend.

The Nassau Music Society presents ‘Quar-
tetto Gelato’, which for over a decade now has
dazzled audiences and critics around the world
with classical masterworks, operatic arias, the
sizzling energy of tangos, gypsy and folk songs.

The well-known Canadian ensemble is com-
prised of Peter DeSoto (tenor, violin, man-
dolin); Alexander Sevastian (accordion, piano,

bandoneon); Elizabeth McLellan (cello), and
Colin Maier (oboe, clarinet, English horn and
many more).

The first concert will take place this Friday
at the College of the Bahamas Performing
Arts Centre at 8pm.

Then on Saturday, the quartet will perform
at St Paul’s Church Hall, Lyford Cay at
7.30pm.

Audiences can expect a repertoire that trav-
els the globe.

The programme will include Tango Del
Mare, Konzerstuck Opus 79 , Al Di, Oboe
Concerto, Meditango, Suite Latinoamericana
and Besame Mucho, among others.

part of the Nassau Music Society’s programme
to educate young Bahamian musicians, Quar-
tetto Gelato will hold a free master class
tomorrow from 12noon-2pm at the Performing
Arts Centre of the College of the Bahamas.

Attendance is free and open to those who
would like to watch and learn.

The concerts were organised by the Music
Society in association with Societe Generale
Private Banking, Colina, Royal Star Assur-
ance, and Pictet.

The two-night event is being held under the
patronage of Governor-General Sir Arthur
Foulkes.

MEET THE MEMBERS OF QUARTETTO GELATO



kar “y

PETER DESOTO
(tenor, violin, mandolin):

Critics have described him as
a remarkable talent who pos-
sesses the ability to perform not
only as a classical musician but
also as a spirited gypsy virtuoso
with the added bonus of a bril-
liant operatic tenor.

His voice repertoire ranges
from light pop, to authentic Irish
folksongs, to the great Italian
operatic arias including Turan-
dots “Nessun Dorma”.





Â¥

ALEXANDER SEVASTIAN

(accordion, piano, bandoneon):

He has won four international
accordion competitions including
the Oslofjord in Norway (1998),
The Cup of the North in Russia
(2000), the Anthony Galla-Rini
Accordion Competition in the
United States (2001), and The
Coupe Mondiale, also in the Unit-
ed States (2007).

Born in Minsk, Belarus, Alex
began his studies on the accor-
dion at the age of seven.

He received his Masters in Per-
formance degree in 2002, studying
with renowned performer and
pedagogue Friedrich Lips.



ELIZABETH MCLELLAN
(cello):

She has performed as a soloist
in front of orchestras across
North America and has toured
other countries such as China
and Korea.

In addition, she is a regular
performer for Toronto’s Sound-
streams series, and recently had
the opportunity to premiere R
Murray Schaffer’s new work
“The Children’s

Crusade”.

She also works with numerous
orchestras and chamber ensem-
bles throughout Ontario includ-
ing the Kitchener-Waterloo
Symphony, the Thunder Bay
Symphony and

Orchestra London.

Bieber is extra dreamy in 3D ‘Never Say Never"

CHRISTY LEMIRE
AP Movie Critic

PART biopic, part concert film and
all crowd pleaser, “Justin Bieber: Nev-
er Say Never" is a big, glossy celebra-
tion of the musical phenomenon that
knows exactly what it needs to do to
send its target audience of ‘tween girls
into a tizzy of giddy screams.

That includes an unusually effective
use of 3D from director Jon M Chu
("Step Up3D"), so get ready for plen-
ty of shots of Bieber looking longingly
into the camera, reaching out to grab
your hand while singing one of his
infectious pop tunes. (And parents, get
ready for temporary hearing loss.)

Bieber would be an easy target for
anyone who's graduated from junior
high school: He’s 16, smooth and pret-
ty, with an androgynous look that

recalls Hilary Swank in “Boys Don't
Cry" and a playful, non-threatening
way about him. And that hair ... that
famous mane that flips back and forth
and always lands just right in a soft,
feathered swoop.

But as Chu's film reveals through
home movies from Bieber's small Cana-
dian town of Stratford, Ontario, early
‘YouTube clips and interviews with the
people who discovered him, he's preter-
naturally gifted, freakishly poised and
incessantly hardworking. From the
sense of rhythm he displayed at age
two to his confident busking outside a
theater at age 12 to the chutzpah he
showed in approaching his eventual
mentor, Usher, and offering to sing for
him just a couple years ago, Bieber has
always seemed fearless, yet somehow
grounded.

Sure, "Never Say Never" plays like

an extended infomercial for Bieber,
similar to recent 3D movies about
Miley Cyrus and the Jonas Bros. We
get no sense of who Bieber really is,
whether he has any fears, if he gets sick
of touring and misses normal-kid stuff,
what he thinks about the hordes of girls
who tremble and flail at the very men-
tion of his name.

But along those lines, Chu does an
excellent job of conveying the incom-
parable thrill of being young and burst-
ing with love for your first idol crush;
the footage of girls sobbing and hugging

actually gets repetitive, and “Never Say ,

Never" probably could have been about
15 minutes shorter. But whether you
grew up worshipping Paul McCartney

or Shaun Cassidy, Michael Jackson or

of RNa ITAA cae
miere-of "Never Say Never" in New York
OTe let aM mL Ub peer Ca

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

Justin Timberlake, you'll relate.
“Justin Bieber: Never Say Never," a
Paramount Pictures release, is rated G.





FEBRUARY 17 - FEBRUARY 20
ATLANTIS’

“ROCK ‘N ROLL”
FANTASY CAMP

¢ Atlantis hosts a “Rock
‘n Roll” fantasy camp head-
lined by the legendary Tom-









































COLIN MAIER

(oboe): my Lee and features Ace
He was graduated from the Frehley and Lita Ford
University of Calgary in 1997 among other rock ‘n roll

with a degree in oboe perfor-
mance studying with David Suss-
man.

In 2002, he was a featured Jazz
oboist at the International Dou-
ble Reed Festival where he per-
formed and conducted a jazz
master class with legendary jazz
bassoonist Michael Rabinowitz.

In addition to oboe, Colin also
plays clarinet, English horn, vio-
lin, five-string banjo,
acoustic/electric bass, piano, sax-
ophone, flute, guitar and har-
monica.

greats that have all come to
jam with campers. Cost:
Starts from $4999/per per-
son.

FEBRUARY 19 - SATURDAY
47TH ANNUAL
HEART BALL

¢ The Sir Victor Sassoon.
(Bahamas) Heart Founda-
tion celebrates 50 years and
invites you to attend the
47th annual Heart Ball at
the Sheraton Nassau Beach
Resort under the theme
“Saving Little Hearts for 50
‘Years, One Beat at a Time”.

Agenda includes a silent
auction, presentation of the
Lady Sassoon Golden Heart
Award, entertainment by
Soulful Groovers, RBDF
Dance Band and Ed Brice
Orchestra, and an in-house
raffle with a prize of a
round-trip to London. Cock-
tails: 7.15pm. Dinner:
8.30pm. Tickets: $250. T:
327-0806.



FEBRUARY 19 - SATURDAY
A DANCE
COMPETITION
TO REMEMBER

* Showboyz Entertain-
ment presents “A Dance
Competition to Remember”
at The Tennis Centre featur-
ing Na Jie Dun and Major
Boy Dunna. Tickets: $5/in
advance available at the
Jukeboxx.


THE TRIBUNE WEDNESDAY, FEBRUARY 16, 2011, PAGE 11B

LADY GAGA

FARAH SA
OE ane cy
dig the concept of the egg or the
womb simply because it fit so
tremendously with the “Born
BUTE CC ca

TMM CaS Ry
POU ROE MENU
black stage costume wa:
hideous, Gaga, hideo

LESH SAYS: Okay, the egg
did not surprise me at all
because I was expecting her to
come with something really out
ts

Her

ly grand. I also
i

LADY GAGA arrives at the 53rd annu-
al Grammy Awards being carried in
an alien type egg. She later emerged
MiolLamec\I(¢( Mme] e=} C0] Wo) I-12)
SCOTIA MOVIL OLN Oa 2191

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mw
RIHANNA arrives at the 53rd annual Grammy Awards on Sunday in
Los Angeles wearing one of her favourite designers, Jean Paul

Gaultier. (AP)

The competition heats
up as the contestants
start Hollywood week

BY LESH

LAST Wednesday on Ameri-
can Idol the tough part of the
competition started when Steven,
Randy, and Jennifer set off for

Hollywood to prepare for the
crucial part of the elimination
process — separating the wheat
from the chaff as they judged the
performances of the golden tick-
et winners.

The voting is at this point still

This Way.” (AP)



FROM left, Philip Lawrence, Bruno Mars, and Ari Levine arrive at the 53rd annual Grammy Awards on (AP)

RIHANNA

FARAH SAYS: Okay Ri Ri, we
get that you love to take risks
because you are a fashionista, but
was there something about Christ-
mas that you missed? You might as
well have shown up on the red car-
pet in the nude because this dress
screams “look at me, look at me”.
Next time try something with a little
more class and elegance, can you
do that?

LESH SAYS: Coming from a
huge Rihanna fan like myself, I per-
sonally love everything that she
decides to go with, but the dress
was a bit revealing, too much skin
was on display.

NICK! MINAJ
FARAH SAYS: Dear old Nicki,
you never cease to amaze me. |
must say the entire leopard look
was eye-catching and | actually
think you pulled the look off. It’s
something about its unusualness or
the “I don’t care if I am the
worst dressed”



in the hands of the three judges
and we can only hope they will
make the right decisions so we
can have a worthy American Idol
winner in the end.

Hollywood week saw tears and
broken voices, but also happy
faces.

For Nick Fink and Jacqueline
Dunford, the couple which was
highlighted for its extreme
“lovey-doveyness”, the week
brought heartache and separa-
tion.

While Jacqueline moved ahead
to the next round, her boyfriend

attitude that’s captivating. Maybe
Rihanna can take a few tips from
you because you know how to think
outside the box without looking too
risqué.

LESH SAYS: Yuck! I was sitting
in front of my television set trying to
figure out what animal Nicki Minaj
had slain on her way to the red car-
pet. I love Nicki’s music and her
surprising sense of fashion, but here
she looks like she dressed in a cheap
cheetah outfit.

JUSTIN BIEBER

FARAH SAYS: I don’t know if
it’s the all white or the size, but
there is definitely something unflat-
tering about Bieber’s tuxedo. And
like Joan Rivers said on E!’s Fash-
ion Police, “Bieber you are rich,
you don’t need to buy suits you
have to grow into.”

LESH SAYS: I feel like a cougar!
I definitely get the Bieber Fever
every time I see Justin at a red car-
pet event. His sense of style and
fashion is super fly, like his men-
tor, Usher. Love the Beebs.

was sent home. And regardless of
the somewhat embarrassing
pleading on his part, the judges
would not be moved.

Hurt by the shocking decision,
Nick did not want to leave the
arena and begged Randy for
another chance, only to be told,
“no man, go away”.

Nick left but kept singing the
whole way down the aisle to the
exit, still hoping for a last-minute
reprieve.

Following Nick in the line-up
were two favourites of mine,
Travis Orlando and Tiffany Rios,



BRUNO MARS

FARAH SAYS: Four words —
sleek, chic and perfectly tailored!

LESH SAYS: I have no idea
when exactly Bruno Mars officially
came out as an artist, but recently
he is starting to grow on me. From
his smooth sophisticated look, to
his soothing vocals. Bruno Mars has
definitely came into his own, one
of the best.

KATY PERRY

Farah says: Is this even a dress?
Lesh says: I came to a conclusion
that she wanted to fly! That is all.

CIARA

FARAH SAYS: Superhero Ciara
to the rescue! The dress isn’t entire-
ly ugly. I think maybe if you chose
another pair of shoes Ciara, you
would have looked much better.

LESH SAYS: Why Ciara, why!?
I thought it was the Grammy
Awards not the awards for the best
dressed superhero, come again
please.

the contestant known for her
New Jersey star breasts.

Tiffany started her audition
with a little attitude; she said told
the judges: “I’m tired of seemg
people trying to do what I know
Ican do.”

JLo said despite her attitude
she still loves her.

Travis sang “This Love”, but
the round unfortunately did not
end in love for him.

Tiffany made it through to
another week and another chance
to be the next American Idol
while Travis was sent packing.

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








WEDNESDAY, FEBRUARY 16, 2011
: a

.
.

. ~\



sf «



Body piercing has become extremely popular. They range from a
number of ares including navel piercings, dermal piercings, piercing
about the breast and ear cartilage piercings.



o







By ALESHA CADET
Tribune Features Reporter

IKE most forms of
body art which are
popular today, pierc-
ing is a form of body modifi-
cation that has been around
for millennia.

Mummified remains that are over 5,000
years old were discovered to be sporting ear-
rings; nose piercings are estimated to have been
around since 1500 BCE, and the first mentions of
nipple piercings can be found in writings from Ancient
Rome.

While piercings in these eras were often done with
religious motives in mind or to signify status within a
society or a rite of passage undergone, people today
tend to get body piercings mostly for decorative rea-
sons.

‘Young people often want to make a statement about
their personality and individuality with an unusual
piercing.

And the possibilities when it comes to piercing body
parts are endless.

Having your ears pierced is an extremely common
and easy practice, however, creating openings in your
skin on other body parts can sometimes come with
risks and should be done by a specialist.

In an interview with Tribune Art, Mac Charles of
Nassau Ink said he considers piercing a true art form.

“Art to me is expression of one’s self; ideas, feelings,
painting a picture of your life to others. With piercings
I think you definitely deliver the message, ‘I’m bold,
brave, daring’,” he said.

At the moment, he said, dermal piercings are hot.

“That’s where you have a stud/anchor protruding out
of your skin, for example your knee caps, elbow, chest
and back,” Mac explained.

A professional in the piercing business for five years
now, Mac said the inspiration to choose this career path
came from wanting to do something challenging in
his life.

“TI would say I was more or less motivated by my
peers seeing piercing as a challenge, and I wanted to
overcome that challenge and fear,” he said.

Starting in the business at the age of 24, Mac said his
first experience with a client was nerve-wracking.

“T think I was probably more nervous and frightful
than my client, but she and I did great.”

When dealing with individual clients over the years
he has learned to rely on his instincts and experience.

“Don't let a client tell you this the way to go when
you know better; at the end of the day you have a
reputation to keep and everyone's pain tolerance is dif-
ferent.”

Asked about the craziest body piercing he’s ever
done, Mac said: “I've been doing this a lil’ while, so I
wouldn't really consider nothing crazy right now
because I’ve almost done them all.”

However, his most dramatic experience was when a
woman fainted before the piercing process even start-
ed, he said.

“Her partner said that was the norm for her, after
about five minutes or so she got up, got her piercing
and left like nothing ever happened. But people do
change there minds on the regular, but people that usu-

In Ya Ear
Grammy

Fashion |

Police

SEE PAGE 10

ally

come

for piercings

are more — set,
focused and determined to
get what they came for.”

Tribune Art got the chance to speak to a few body
art fans that shared their piercing stories.

Char Rolle* said she used to have a ‘snake bite’
piercing (a set of two lower lip piercings, one on either
side).

ae the first time I saw it, it was from a lead
singer of my favourite band. I have always been into
body modification and I think it is an interesting sub-
culture which has a lot of roots in the African cul-
ture,” she said.

However, Char said that she grew weary of having
such a noticeable piercing.

“T took it out because I was actually getting tired of
it, it was starting to pretty much define me. I did not
like the image that was being associated with it. When
I got it in 2006 there was no Bahamian woman that
knew on the island that had it,” she said.

Another piercing fan, Stan Lewis*, had this to say: “
had the labret piercing (a piercing that is below the bot-
tom lip, above the chin) and I got it because I thought
it would look good on me. I didn’t really have areason
to take it out besides getting a new job. The experience
was a little scary, it itched more than it hurt, but
actually want to do it again.”

Before getting your first piercing you should be 100
per cent sure it is what you really want, Mac said.

“T would say make sure you are positive about what
it is that you want, make sure the piercer/body modi-
fication specialist comes highly recommended, an
that the person uses brand new sterile needles.”

“Tf you want to avoid major health risks, you want to
make sure your artist uses brand new needles to avoi
the spread of Hepatitis B or C and HIV. Also, you
would like initially to get pierced with stainless steel or
a safer metal to avoid any allergic reactions to other
metals, for example gold, nickel or anything that looks
cheap. After your artist does these things, the rest is in
the client’s hands. If you want your piercing to heal!
properly, keep it cleaned and follow your artist’s
instructions.”

When it comes to the healing process everyone is dif-
ferent, he said.

“The healing time (varies) depending on body part
and also person. Because we all don't heal the same.
For instance, cartilage areas tend to usually take a
longer time to heal compared to the softer parts of your
ear.”


THE TRIBUNE

E
S ir |
} |

WEDNESDAY, FEBRUARY 16,

NOTES

BASKETBALL
BBF COACHES

CLINIC

* THE Bahamas Basket-
ball Federation will be con-
ducting a FIBA Coaches Cer-
tification Clinic level II for all
basketball coaches through-
out the Bahamas on Friday,
February 18th from 7-9 p.m.
and on Saturday, February
19th from 9 a.m.-5 p.m. at the
College of The Bahamas.

Only those coaches who
have passed level 1 will be
allowed to take level II.

The course will be con-
ducted by oach Larry Brown,
a highly experienced and
accomplished FIBA certified
coaching instructor. Brown
has taught FIBA coaching
clinics throughout the United
States, the Caribbean and
Canada.

The cost of the clinic is
$30:00 pre-registered or
$40:00 at the door.

The primary reason why
the Bahamas Basketball Fed-
eration organised the courses
is to increase the pool of
qualified coaches in the
Bahamas with a view to
improving the quality of
coaching in our various
leagues and youth develop-
mnent programmes.

Upon completion of the
course participants would
receive a certificated
FIBA/BBF certificate level
Il.

Individuals who are inter-
ested in participating in the
clinic are asked to contact
Sean Bastian email: sbast-
ian@cob.edu.bs or call 242 -
302-4591 as soon as possible.
eocasareccacses
CYCLING
NPCA CALENDAR

¢ THE New Providence
Cycling Association will begin
its 2011 season on Saturday
with a 30-mile race race start-
ing from the Clifton Heritage
Parking lot at 7:45 a.m. Mus-
grove’s Inc. will organize the
event.

The next event on the cal-
endar will be the Biathlon that
will begin at Mount Plesant
Village, Lyford Cay, starting
at 8 a.m. The event is being
organized by the Potcakes

‘ling Chab.
@ocene
SOFTBALL
EXUMA CHURCH

SOFTBALL LEAGUE

¢ THE Exuma Church Soft-
ball League will continue its
regular season action this
weekend with the following
games on tap:

Friday’s schedule

6:30 p.m. St. John’s vs
Church of God.

7:30 p.m. Soul Winners vs
Mt. Olive.

8:30 p.m. St. Peter’s vs
Bethel Baptist.

9:30 p.m. Mt. Ebenezer vs
Palestine.

Saturday’s schedule

6:30 p.m. Soul Winners vs
Mt. Ebenezer.

7:30 p.m. Mt. Carmel vs
Church of God of Prophecy.

8:30 p.m. Church of God vs
Seventh-Day.

9:30 p.m. St. Margaret’s vs
Palestine Baptist.




ATE TH
U1

Ain

THE Westminister Diplo-
mats were riding an undefeated
season for the past four years as
they began their quest for
another senior boys basketball
championship title in the
Bahamas Association of Inde-
pendent Secondary Schools.

But on Monday night at the
Kendal Isaacs Gymnasium, the
St. John’s Giants snapped their
winning streak with their 81-79
decision over the Diplomats in
game one of their series.

SEE page 2E

ORO DETOUR Rake) aie



SECTION

KNIGHTS
ROUT
PACERS

41-18
SEE STORY PG 3E



2011



‘

THREE-PEA

Defeat Scorpions to sweep series

i

































By RENALDO DORSETT
Tribune Sports Reporter
rdorsett@tribunemedia.net

SHAVONNIA Adderly again
proved herself te be ce of the most
unstoppable players in GSSSA
Junior Girls basketball as she deliv-
ered another impressive individual
performance to lead her team to a
series clinching win.

Adderly finished with a game
high 17 points to lead the $C
McPherson Sharks to 30-23 win
over the D.W Davis Pitbull to
sweep the championship series yes-
terday at the Kendal Isaacs Gym-
nasium.

Adderly shot 5-15 from the field
and 7-18 from the free throw line
while she also led the Sharks with
seven rebounds.

Valarie Nesbitt chipped in with
seven points and five rebounds and
Danya Knowles added four off the
bench.

Brushea Bain led the Pitbulls with
13 points. However no other Pit-
bull player managed to score more
than a single basket.

The Sharks shot just 22 percent
from the field but the slim differ-
ential in made field goals (9-7) and
at the free throw line with free

SEE page 5E

STRONG TO THE HOOP: DW Davis Pitbulls point guard Shakwon Lewis drives to the
basket against the defense of the TA Thompson Scorpions. Lewis finished with eight
points, five rebounds and six assists in the Pitbulls 52-49 win at the Kendal Isaacs Gym- J
nasium to claim their third consecutive GSSSA Juinor Boys title.



m4

By RENALDO DORSETT
Tribune Sports Reporter
rdorsett@tribunemedia.net



THE DW Davis Pitbulls faced a much
tougher fight to the finish in perhaps their
toughest test yet of the season, but the
lefending GSSSA Junior Boys champi-
ons successfully held on for a series clinch-
ing win and claimed their third consecutive
title.
The Pitbulls withstood a late rally from
the T.A Thompson Scorpions to sweep
the series and finish the season with an
unblemished record, 52-49.

Rohann Adderly came up with a game
clinching steal at half court as time expired
to deny the Scorpions an opportunity to
hoist a shot on their final possession.
Three Pitbulls placed three players in
ouble figures led by Nigel Rolle with a
side high 16 points.
Shamir Rolle finished with a double-
ouble with 10 points, a game high 14
rebounds and a game high six blocks while
Wilton Johnson finished with 14 points.
Floor general Shakwon Lewis controlled
the pace of the Pitbulls offense with eight
points, five rebounds and a game six assists.
The Pitbulls led by double figures for
much of the contest, however the Scorpi-
ons closed to within a single possession
late in the fourth quarter.

Shamir Rolle gave the Pitbulls and 11
point advantage on a layup for a 46-35
lead with 3:25 left to play.

The Scorpions would respond with a 9-

SEE page 4E










r,.

Sharks take GSSSA junior girls title

Z



a S / FY.

NUMBER ONE: THE SC McPherson Sharks celebrate after claiming the Junior Girls GSSSA Basketball Championship. The Skarks
took a 30-23 win over the DW Davis Pitbulls to complete the series sweep yesterday at the Kendal Isaacs Gymnasium.


PAGE 2E, WEDNESDAY, FEBRUARY 16, 2011

TRIBUNE SPORTS







adh

Top high school runners to compete in the NACAC

By BRENT STUBBS
Senior Sports Reporter
bstubbs@tribunemedia.net

THE Bahamas Associations of
Athletic Association will be sending
two of the top high school distance
runners to compete in the North
American and Central American and
Caribbea (NACAC) Cross Country
Championships.

Leonardo Forbes and Audley
Carey, coached by Bernard Rolle,
will be leaving town on Friday to
compete on Saturday in Trinidad at
the championships. They are expect-
ed to return home on Sunday.

“These are two experienced guys
so I expect them to do very well,”
said Rolle yesterday at a team mem-
ber with the athletes at the Thomas
A. Robinson Track and Field Stadi-
um.
Rolle said with Carey having com-
peted before, he expect that he will
provide the support that newcomer
Forbes will need to get through the
race.

“T haven't seen Forbes compete
at that level, but I’ve watched him
here at home and he has performed
very well. So I expect great things
from him, just as I do with Carey.”

Carey, a 17-year-old 12th grader
at St. Augustine’s College, will be
competing in his second cross coun-
try championships, having attended
the 2009 championships in Or;ando,
Florida.



try to the best of my ability,” Carey
stressed. “Hopefully I can turn in a
personal best. But if the medal come,
I will take it.”

Having gotten a chance to com-
pete before, Carey said he’s antici-
pating another competitive champi-
onships because all of the countries
in the North American and
Caribbean region will be competing.

“T think this is going to be a pretty
good trip. It’s a small team, but we
are expecting some big things,” he
projected.

Forbes, a 123th grader at Zion
Christian Academy, will be making
his debut, but he’s just as eager to
compete as Carey.

“[’m going for the first time, but I
will try to go for the gold,” he
stressed. “I want to represent my
country to the best of my ability and
hopefully do very well.”

Although he’s never been to the
championships, Forbes said he has
heard how intense the competition is,
so he just want to go out and per-
form as best as he could.

As for the team, Forbes said “I
feel pretty good about the two of us.
Hopefully we can both go out there
and do our PR. If we can do that,
’m confident that we will perform
very well and could get a chance to
compete for a medal.”

Forbes was the winner of the
BAAA’s National High School
Cross Country Championships in
November, beating out Carey in a



“T’m just looking forward to going
over there and representing my coun-



Charlotte.

eenly contested match-up at Fort



——————= =

READ TO RUN: Coach Bernard Rolle is pictured left along with the two distance runners he



Tim Glarke/Tribune staff

will take to the NACAC Cross
Country Championships this weekend in Trinidad. They are Audley Carey and Leonardo Forbes.



TRACK MEET: Coach Dianne Woodside is pictured in the middle of the pack of her athletes from the Club Monica Track Club. The club will host its 8th annual track and field



meet this weekend at the Thomas A. Robinson Track and Field Stadium.

Eighth annual Club Monica Athletics
Track and Field Classic set for this Friday

By BRENT STUBBS
Senior Sports Reporter
bstubbs@tribunemedia.net

ATHLETES wishing to
make the various national
teams this year will have a
golden opportunity to quali-
fy this weekend when they
compete in the eighth annual
Club Monica Athletics Track
and Field Classic.

The classic will begin on Fri-
day at 6 p.m. at the Thomas
A. Robinson Track and Field
Stadium and wrap up on Sat-
urday at noon. The meet will
be enable athletes to compete
in both the heats and the
finals.

“We've had seven very suc-
cessful track and field classics
starting from 2004 and have
averaged approximately 800

athletes in competition,” said
Club Monica president and
head coach Dianne Woodside.

Athletes will get the chance
to qualify for the Carifta
Games, scheduled for March
23-25 in Montego Bay,
Jamaica; the Junior Pan
American Championships in
Miramar, Florida from July
29-3land the World Youth
Championships.in Lille,
France from July 6-10.

While the focus will be on
the athletes attempting in the
under-17 and open divisions
to qualify for the junior inter-
national meets, athletes will
also compete in the under-7,
under-9, under-13 and under-
15 divisions.

Woodside said they are
expecting athletes from
Grand Bahama, Exuma,

Eleuthera and Andros to jom
all of the local clubs in the
meet over the weekend.

“The girls are always excit-
ing, so we are anticipating that
the 100, 200 and 400 metres
will all be very exciting,”
Woodside said. “Of course,
we will have the heats and the
finals, so you should end up
seeing the top eight athletes
matched against each other
in the final.”

With the season well under-
way, Woodside said the fans
can expect to see some stiff
competition because the ath-
letes all should be in very
good shape at this point in the
season.

Natiska Johnson, a 10th
grader at St. Andrew’s High
School, has just recently
joined Club monica Track



Club, but she indicated that
she’s quite pleased with her
progress going into the meet.

“This weekend, I’m hoping
that I can qualify for the
Carifta Games in the 300 hur-
dles in the under-17 girls divi-
sion,” said Johnson, who has
been converted by Woodside
from the sprints to the hur-
dles.

“Last weekend, I was doing
very good, but I fell over the
hurdles, so I’m hoping this
weekend, I can improve on
my performance and qualify
for Carifta.”

Johnson assured the fans
that they can expect to see a
very competitive meet this
weekend.

Charles Sealy, a 16-year-old
11th grader at St. Augustine’s
College, has already qualified

Tim Clarke/Tribune staff

ae =

for the under-20 boys javelin,
but his goal is to duplicate
that feat for the Jr. Pan Ams.

“T will have to go out and
do my best because the com-
petition is very stiffin my age
group, the under-20 division,”
Sealy stated. “But this is our
meet, so I have to really go
out there and perform at my
best.”

Trained by Woodside, a
former national record holder
in the women’s 100 hurdles,
said he ws coming back from
a four-month break from
competing.

“But what she taught me
four months ago, I was able to
build on that, so it just sghows
that what she tells you really
stick,” Sealy proclaimed. “She
really know what she’s
doing.”



Giants

FROM page 1E

Kristoff Wood, who strug-
gled all during the game,
camned a three-pointer with just
1.3 seconds left on the clock to
seal the upset in the rematch
of last year’s championship
series that was never complet-
ed.

Wood ended up with just five
points, all coming in the fourth
quarter, but once again Kieran
Mortimer led the attack for the
Giants, coached by Chercovie
Wells, with a game high 29.
Anwar Neilly added 20, Earmal
Munroe had 15 and Anthony
Neilly chipped in with eight.

For the Diplomats, coached
by Geno Bullard, Marako
Lundy scored 25 before he
fouled out; Daniel Bullard had
17; Van Hutchinson had nine

before he also fouled out; Ste-
fan Miller had eight and
Thomas Mackey seven in the
loss.

Game two of the series will
continue on Friday along with
the senior girls and both the
junior boys and girls.

St. John’s is also leading the
Queen’s College Comets 1-0in
the senior girls after taking a
42-33 victory in game one on
Monday; the Queen’s College
won 55-38 to go up 1-0 on
defending champions St.
Augustine’s College Big Red
Machine in the junior boys and
St. Augustine’s College stumned
the Temple Chirstian Suns 38-
35 in overtime to snatch a 1-0
lead in the junior girls division.

The games were pushed back
due to the Government Sec-
ondary Schools Sports Associ-
ation using the Kendal Isaacs
Gymnasium this week for their
best-of-three championship
series as well.



LONG ISLAND BASEBALL
ASSOCIATION 2011 SEASON

LONG ISLAND Base-
ball Association opened its
2011 season on Saturday
January 8th in grand style.

The league continues
to grow with 90 Players on
7 team's in two age brack-
ets: (Coach Pitch and 12 &
Under).

Long Island is looking
forward to sending two
teams to participate in the
“Oth Annual Andre
Rodgers National Baseball
Championship” scheduled
for June this year.

League President Dan
Weightman and team is
excited about the growth
and participation from the
kids on the island and are
looking forward to a very
successful year.

Suns outshine
Falcons to remain
undefeated

By BRENT STUBBS
Senior Sports Reporter
bstubbs@tribunemedia.net

ANOTHER tournament,
another title for the Temple
Christian Suns.

This time their feat was
achived in Grand Bahama at
the HOYTES Primary Bas-
ketball Tournament over the
weekend.

Competing against seven
girls teams, the Suns out-
shone them all to remain
undefeated in winning the
title with a 13-6 decision
over the Tabernacle Falcons.

“Tt was rough on our girls
because they were not as
fundamentally sound as we
were,” said Temple Christ-
ian Academy’s coach Keno
Demeritte. “But our girls
kept their composure and
they pulled it off.”

China Curry, the team’s
best performer all season
long, was named the most
valuable player. But
Demeritte said Tiffany Han-
na was just as effective in
the middle for the Suns, fin-
ishing with six points to Cur-
ty’s seven.

It was the fourth title for
the year for the Suns, who
have not lost a game in the
last six years as they contin-
ue their dominance on the
primary school level.

Temple Christian Acade-
my carried a total of 27 play-
ers, including two boys
teams. However, the boys
team was spilt in two and
they produced varied results.

The Suns’ A team, led by
Rumalo Ellis, Kindino
Brown, Darren Pierce and
Najee Winder, finished third
after playing four games
back-to-back to get a shot
at advancing to the final, but
Demeritte said fatigue took
over and they fell short.

They lost to Hugh Camp-
bell, who went on to win the
boys title, beating out the
Catholic Primary Schools’
champions St. Cecilia’s
Strikers, who were short-
handed.

The Suns’ B team played
two games, but they lost
their opener by one point
and was just simply out-
matched in the other. Glen-
roy Anderson was the key
player on the squad.

They were jomed by Tem-
ple Christian Academy’s
principal, Charmaine Porter,
a number of parents and the
school’s travel club.

Demeritte also publicly
thanked his assistant coach
Anthony ‘Papa’ Pinder, who
traveled and played a vital
role in the team’s success.

“He helps us a lot with
our basketbaqll pro-
gramme,” Demeritte stated.
“IT can’rt pay him, so I can
only thank him for what he
has done for the team. He
has been an inspiration for
me and to the players on the
team.”


TRIBUNE SPORTS

SPORTS

WEDNESDAY, FEBRUARY 16, 2011, PAGE 3E

e GSSSA SENIOR CHAMPIONSHIP SERIES ACTION e¢



ALL ALONE: Tameka Martin goes on to score two of her game high
12 points to lead the Pacers to a 41-18 win in game two of the GSS-
SA Senior Girls championship series.

OVER THE TOP: Dovanya Moxey shoots a skyhook over the Pacers’
Ashley Brown.

DOWN THE LANE: Allanya Morris drives to the basket.









ee

HARD DEFENCE: Allanya Morris draws a foul on the Pacers’ Ariel Stuart.



Knights rout Pacers 41-18

By RENALDO DORSETT
Tribune Sports Reporter
rdorsett@tribunemedia.net

A CHANGE in venue produced a
change in result as the GSSSA Senior
Championship Series in both divisions
would be extended to a third and decid-
ing game.

In the Senior Girls division, the C.R
Walker Knights took a lopsided 41-18
win over the R.M Bailey Pacers, while in
the Senior Boys division, the Pacers won
over the C.C Sweeting Cobras 70 - 52
last night at the Kendal Isaacs Gymna-
sium.

In the girls matchup, the Knights’
defensive effort held the Pacers to just 22
percent shooting, five made field goals
and six points total in the second half.

Tameka Martin led the Knights with a
game high 12 points, Jonetra Kelly fin-
ished with nine points and four rebounds
while Christina Williams added four
points and eight rebounds.

TOUGH SHOT:

Nicketrya Gilcud led the Pacers with six
points while Raunice Butler added five.

The Knights jumped out to an early 8-
1 lead thanks to a potent fastbreak
attack and never looked back en route
to the win.

With a 14-10 lead, the Knights opened
up an 8-2 run including six in a row from
Martin to take a 22-10 lead with 2:30
left to play.

Kelly added a pair of free throws as
time expired to take a 25-12 lead into
the half.

The Pacers failed to threaten in the
second half and the lead reached 20
points for the first time on a free throw
from Ominika Lowe.

Pacers leading scorer, Ariel Stuart,
who finished with a double double in
game one was a virtual no show in game
three due to the Knights defensive
effort.

Stuart fouled out with five minutes
left to play with just two points and two
rebounds and the Pacers down 18

points.

A confident Knights Head Coach,
Ken Lightbourne, said the game two
performance was indicative of the sup-
port the entire C.R Walker Knights fam-
ily placed behind the team.

“This was a full team effort from our
administration straight down, our teach-
ers the students, everyone was behind us
today," he said, “We came together at
school, we prayed and from earlier
today we knew we were going to win
this game."

Lightbourne projected another lop-
sided win in game three for his team to
claim yet another championship.

“I told my girls that this team can not
beat us when we play our game. We
played the worst game we could possibly
play on Monday. We missed free shots,
easy layups, played bad defense but they
still only beat us by five points. The dif-
ference is what we came out here and
did today, won by more than 20 points,
tomorrow, 50 points."



Knights guard Toniquea Martin is fouled on her way to the hoop by the Pacers’ Latasa Armbrister.
PAGE 4E, WEDNESDAY, FEBRUARY 16, 2011 TRIBUNE SPORTS

BASKETBALL

TIM CLARK E/TRIBUNE STAFF

CELEBRATION: The Government Secondary Schools best of three championship series in each of
its divisions continued yesterday as the venue shifted to the Kendal Isaacs Gymnasium. In Junior
Girls play, the SC McPherson Sharks defeated DW Davis Pitbulls 30 - 23 to claim the title, In Junior
Boys the Pitbulls claimed their their third consecutive title when they defeated the TA Thompson
Scorpions 52-49. In the Senior divisons, both series will go to a third and deciding game. The CR
Walker Knights won 52-49 over the RM Bailey Pacers while in Senior Boys the Pacers rebound-
ed to take game two 70-52 over the CC Sweeting Cobras. Action from the games involving the Pit-
bulls and the Sharks is pictured here and on Page 5E.

Pitbulls three-peat

FROM page 1E

2 run capped by Braymond Jones who con-
verted a reverse layup to bring his team
within four, 48-44 with 1:40 left to play.

After a Pitbulls score, Tamiko Coakley
brought the Scorpions within three with a
three pointer from the top of the key.

With a steal in the backcourt, the TA
Thompson defence forced a turnover and
Scorpions point guard Michael Bethel was
fouled but failed to convert either shot at the
line.

Nigel Rolle sealed the win for the Pit-

bulls with a fastbreak layup to give his team
a 52-47 lead with just 11 seconds left to
play.

"This was a hard fought win and we
worked hard to get here all season,” said Pit-
bulls Head Coach Mark Hanna, "These
guys wanted this three peat and they put in
the work to get here today."

For the Scorpions, Rashad Davis led all
scorers with 19 points and 10 rebounds,
Jones finished with 13 points and seven
rebounds while Coakley had 11 points and
four rebounds including 2-4 shooting from
beyond the arch.


TRIBUNE SPORTS WEDNESDAY, FEBRUARY 16, 2011, PAGE 5E





SPORTS

BASKETBALL





































FROM page 1E

throw makes (12-9) proved
to be the difference to give
the Sharks the edge.

After a slow scoring first
half, where the Sharks led
just 8-5, both teams picked
up the scoring slack consid-
erably in the second with
the Sharks maintaining a
22-18 advantage.

"The girls really deserve
this for as hard as they
played today and as hard
as they played all season,"
said Sharks head coach
Paula Clarke.

Great

"This was a year's worth
of work that came together
on one night and it feels
great to being a champi-
onship to SC McPherson."

SC McPherson's Raven
Hepburn said her team's
defence edge was the key
component to the champi-
onship win.

"We played really really
good today especially on
defence," she said.

"We knew if we played
good defense we could win
today and that's what we
wanted to do just follow
instructions from our
coach and we did that to
win."


im lowin’ it

HIGH
LOW

BREEZY

Volume: 107 No.71

$100 mi oy = :

TIF
68F

SUNNY AND

WEDNESDAY, FEBRUARY 16, 2011



/\ The Tribune >

to repair Bay Si

Hopes of spectacular
redevelopment after
Valentine’s Day fire

By TANEKA THOMPSON
Tribune Staff Reporter
tthompson@tribunemedia.net

THE redevelopment of the
destroyed block on Bay Street
could cost as much as $100 mil-
lion, said a tourism insider.

But after the heartache of yes-
terday’s devastation, the prop-
erty is a prime spot for a "spec-
tacular" turnaround of down-
town Nassau, he claims.

"I'd say minimum from $50
million to $100 million," said the

REPORTS: DR ANDRE
ROLLINS FORCED T0
RESIGN FROM NDP

UNCONFIRMED reports
reached The Tribune late last
night that National Develop-
ment Party leader Dr Andre
Rollins was forced to resign
from the party. The move
reportedly took place at the
party’s council meeting yester-
day. See tomorrow’s Tribune
for more on this story.

insider, who did not want to be i
named, when asked how much , &§ ht
reconstruction could cost at that
site.

"You've got five acres there,
maybe more, of waterfront
property, marinas — you can do
something spectacular."

The Valentine's Day fire,
which gutted the Betty K ship-
ping company's offices and
warehouse and destroyed the
entire surrounding block is seen
by some as a hurdle for the
much anticipated redevelop-
ment of the downtown.

However Charles Klonaris,
co-chair of the Downtown Nas-
sau Partnership, said while the
fire was a tragedy, it could be a
turning point for downtown
revitalisation if the affected
property owners can come to
some consensus.

"It's a very sensitive thing,
people got hurt, it was very
destructive but it could be an
opportunity for those property
owners to get together to (cre-
ate) a master plan for the area.

SEE page 11

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By CELESTE NIXON
Tribune Staff Reporter
cnixon@tribunemedia. net

TRIBUTES were pouring in last night
following the death of education pioneer
Dr Keva Marie Bethel.

Renowned Bahamian scholar, educator,
mother and grandmother Dr Bethel died
yesterday morning at 5am at Doctor’s Hos-
pital with her family at her side.

Well known for her commitment to edu-
cational advancement, Dr Bethel’s tremen-
dous achievements and devotion to the
Bahamian community will not be forgot-
ten, said Prime Minister Hubert Ingraham.

A Queen’s College High School gradu-

SEE page six

Ena
CA

haat










TRIBUTES POUR IN AFTER |



Dr Keva Marie Bethel

‘$0 SAD’: Security guard Joel
Mackey showed up for work at the
Betty K Agencies Tuesday morning

despite the fact that the entire com-
pany had been destroyed by fire.

these things lost. We just had ‘two
shipments arrive when this hap-
pened.’ He has worked with the



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FNM COUNCILMAN
CLAIMS HE WAS
PAID FOR SILENCE

A SENIOR FNM council-
man is vowing to “not go qui-
etly into the night” after dis-
covering that payments for his
silence at the last party con-
vention are reportedly set to
come to an end.

According to the source
who for the moment wished
to speak anonymously, said
that he, like another member
of the party, had done their
part to ensure an orderly tran-
sition of power at the last
FNM convention. Since then,
he said, persons have been
financially compensated as
promised.

Admitting that he has been
receiving payments even up

SEE page six

‘This is so sad,’ he said, ‘all

company for eight years.

TWO MEN ACCUSED OF
DEATH OF DR KEVA BETHEL MURDER ARE DISCHARGED

By DENISE MAYCOCK
Tribune Freeport Reporter
dmaycock@tribunemedia.net

FREEPORT - Three years
after well known Grand
Bahama businessman Kon-
stantino Vardoulis was gunned
down, the two men charged
with his murder were dis-
charged in the Supreme Court
on Monday.

George Ferguson, 28, of
New Providence, and Percious
Knowles, 26, of Grand
Bahama, were freed of mur-
der and conspiracy to commit
murder charges — after the
prosecution dropped its case

rt

a ene *

Pa oo

NASSAU AND BAHAMA ISLANDS’ LEADING NEWSPAPER

against the pair.

Lawyers Murrio Ducille and
Carlson Shurland represented
Ferguson and Knowles,
respectively. They both
believed that there was insuf-
ficient evidence against their
clients to stand trial.

A trial was scheduled to
begin on Monday before Jus-
tice Hartman Longley, how-
ever, a nolle prosequi was sub-
mitted by the prosecution on
instructions from the Attor-
ney General’s Office.

Although the men were dis-
charged, the Attorney Gener-

SEE page six




PAGE 2, WEDNESDAY, FEBRUARY 16, 2011

THE TRIBUNE



Hundreds pay respects

to Bishop Michael Eldon

First Bahamian Anglican Bishop of the
Bahamas, Turks and Caicos laid to rest

By CELESTE NIXON
Tribune Staff Reporter
cnixon@tribunemedia.net

HUNDREDS gathered
yesterday to pay tribute
and bid farewell to the first
Bahamian Anglican Bish-
op of the Bahamas and the
Turks and Caicos.

The funeral service for
Bishop Michael Hartley
Eldon was held at Christ
Church Cathedral on
George Street yesterday
morning.

Prime Minister Hubert
Ingraham, Cabinet minis-
ters, MPs, senators and
members of the opposition
were in attendance for the
service, as were nine Angli-
can Bishops from around
the region.

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Bishop of the local Dio-
cese Rev Laish Boyd deliv-
ered the sermon to the
large congregation,
describing Bishop Eldon as
a “special individual, who
had many gifts and an
endearing personality.”

He said the fondness,
admiration and regard in
which Bishop Eldon was
held is evident in the com-
ments and condolences
that have flooded in, and
in the number of people
attending the viewings and
memorial services over the
last few days.

Bishop Boyd also
acknowledged those who
assisted in caring for Bish-
op Eldon during the final
years of his life, thanking
them for their compassion.

Bishop Eldon was a
graduate of Queen’s Col-
lege and completed a mas-
ters degree at St Cather-
ine’s College in Cam-
bridge, England. He began
theological training at St
Steven’s House, Oxford
and completed the pro-
gramme in 1954. In July of
that year, he was ordained
a Deacon of Christ Church
Cathedral in Nassau and
became a priest in 1955.

Bishop Eldon was the
founding chairman of the
College of the Bahamas
Council. Serving from 1976

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to 1995, he guided the col-
lege through its formative
years.

T Baswell Donaldson,
the current chairman,
spoke yesterday of the
bishop’s great contribu-
tions to the college and his
“selfless service and vision-
ary leadership.”

“Great giving has
defined his life, his bequest
is boundless,” said Mr
Donaldson. “It was
because of Bishop Eldon
that the college stands on
the pledge of knowledge,
truth and integrity, a
pledge which defined the
virtuous life that he led,
and motivated and inspired
generations of young
Bahamians in search of a

better life through
advanced educational
training.”

Governor General Sir
Arthur Foulkes, speaking
on behalf of the nation,
expressed condolences to
the family of Bishop Eldon
and proclaimed him an
outstanding educator and
teacher.

He said: “Bishop Eldon
dedicated himself to
national service as a patri-
ot and a public voice for
human equality and social
justice as well as the moral
dimension of public poli-
cy, understanding that edu-
cation was fundamental to
developing the people of
the country he loved.”

During the funeral, a
moment of silence was held
in honour of Dr Keva
Bethel, the sister of Bishop
Bethel, who passed away
at Doctors’ Hospital early
yesterday morning.

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PAGE 1

N ASSA U AND BAHAMA ISLANDS LEADING NEWSPAPER V olume: 107 No.71WEDNESDAY, FEBRUARY 16, 2011 PRICE 75 (Abaco and Grand Bahama $1.25 W EATHER SUNNY AND BREEZY HIGH 77F LOW 68F I N S I D E HUNDREDS PAY RESPECTS TO BISHOP MICHAEL ELDON FUNERALSREVICEPHOTOS ONPAGETWO By TANEKA THOMPSON Tribune Staff Reporter tthompson@tribunemedia.net THE redevelopment of the destroyed block on Bay Street could cost as much as $100 mil lion, said a tourism insider. But after the heartache of yes terdays devastation, the property is a prime spot for a "spectacular" turnaround of downtown Nassau, he claims. "I'd say minimum from $50 million to $100 million," said the insider, who did not want to be named, when asked how much reconstruction could cost at that site. "You've got five acres there, maybe more, of waterfront property, marinas you can do something spectacular." The Valentine's Day fire, which gutted the Betty K shipping company's offices and warehouse and destroyed the entire surrounding block is seen by some as a hurdle for the much anticipated redevelopment of the downtown. However Charles Klonaris, co-chair of the Downtown Nas s au Partnership, said while the fire was a tragedy, it could be a turning point for downtown revitalisation if the affected property owners can come to some consensus. "It's a very sensitive thing, people got hurt, it was very destructive but it could be an opportunity for those property owners to get together to (cre ate) a master plan for the area. Hopes of spectacular redevelopment after Valentines Day fire M cCOMBO O F THE DAY N E W The Tribune THEPEOPLESPAPER BIGGESTANDBEST L ATESTNEWSONWWW.TRIBUNE242.COM BAHAMASBIGGEST CARSFORSALE, HELPWANTED ANDREALESTATE I N S I D E to r epair Bay St SEE page 11 SOSAD: Security guard Joel M ackey showed up for work at the Betty K Agencies Tuesday morning despite the fact that the entire com pany had been destroyed by fire. This is so sad, he said, all these things lost. We just had two shipments arrive when this happ ened. He has worked with the company for eight years. BACKATWORKAFTERBAYSTREETBLAZE PHOTOS/ JESSICAROBERTSON By CELESTE NIXON Tribune Staff Reporter cnixon@tribunemedia.net TRIBUTES were pouring in last night following the death of education pioneer Dr Keva Marie Bethel. Renowned Bahamian scholar, educator, mother and grandmother Dr Bethel died yesterday morning at 5am at Doctors Hos pital with her family at her side. Well known for her commitment to edu cational advancement, Dr Bethels tremendous achievements and devotion to the Bahamian community will not be forgotten, said Prime Minister Hubert Ingraham. A Queens College High School gradu By DENISE MAYCOCK Tribune Freeport Reporter dmaycock@tribunemedia.net FREEPORT Three years after well known Grand Bahama businessman Kon stantino Vardoulis was gunned down, the two men charged with his murder were discharged in the Supreme Court on Monday. George Ferguson, 28, of New Providence, and Percious Knowles, 26, of Grand Bahama, were freed of mur der and conspiracy to commit murder charges after the prosecution dropped its case against the pair. Lawyers Murrio Ducille and Carlson Shurland represented Ferguson and Knowles, respectively. They both believed that there was insuf ficient evidence against their clients to stand trial. A trial was scheduled to begin on Monday before Justice Hartman Longley, how ever, a nolle prosequi was submitted by the prosecution on instructions from the Attorney Generals Office. Although the men were discharged, the Attorney Gener A SENIOR FNM councilm an is vowing to not go quietly into the night after discovering that payments for his s ilence at the last party conv ention are reportedly set to c ome to an end. According to the source, w ho for the moment wished to speak anonymously, said that he, like another membero f the party, had done their p art to ensure an orderly transition of power at the last FNM convention. Since then, he said, persons have been financially compensated as promised. A dmitting that he has been receiving payments even up FNM COUNCILMAN CLAIMS HE WAS PAID FOR SILENCE SEE page six SEE page six SEE page six Dr Keva Marie Bethel UNCONFIRMED reports reached The Tribune late last night that National Development Party leader Dr Andre Rollins was forced to resign from the party. The move reportedly took place at the partys council meeting yesterday. See tomorrows Tribune for more on this story. REPOR TS:DR ANDRE ROLLINS FORCED TO RESIGN FROM NDP TWO MEN ACCUSED OF MURDER ARE DISCHAR GED TRIBUTES POUR IN AFTER DEATH OF DR KEVA BETHEL

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By CELESTE NIXON Tribune Staff Reporter cnixon@tribunemedia.net H UNDREDS gathered y esterday to pay tribute and bid farewell to the first Bahamian Anglican Bishop of the Bahamas and the Turks and Caicos. T he funeral service for Bishop Michael Hartley Eldon was held at Christ C hurch Cathedral on G eorge Street yesterday m orning. Prime Minister Hubert I ngraham, Cabinet minist ers, MPs, senators and members of the opposition were in attendance for the service, as were nine Anglican Bishops from around the region. B ishop of the local Dioc ese Rev Laish Boyd delivered the sermon to the large congregation, describing Bishop Eldon as a special individual, who had many gifts and ane ndearing personality. H e said the fondness, a dmiration and regard in w hich Bishop Eldon was held is evident in the comments and condolencest hat have flooded in, and in the number of people attending the viewings and memorial services over the l ast few days. Bishop Boyd also acknowledged those who a ssisted in caring for Bisho p Eldon during the final y ears of his life, thanking t hem for their compassion. B ishop Eldon was a g raduate of Queens College and completed a masters degree at St Catherines College in Cambridge, England. He began theological training at St Stevens House, Oxford a nd completed the prog ramme in 1954. In July of that year, he was ordained a Deacon of Christ Church C athedral in Nassau and b ecame a priest in 1955. Bishop Eldon was the founding chairman of theC ollege of the Bahamas Council. Serving from 1976 t o 1995, he guided the coll ege through its formative years. T Baswell Donaldson, the current chairman, spoke yesterday of the bishops great contribu-t ions to the college and his selfless service and visiona ry leadership. Great giving has defined his life, his bequest is boundless, said MrD onaldson. It was because of Bishop Eldon that the college stands on the pledge of knowledge, t ruth and integrity, a pledge which defined the virtuous life that he led, a nd motivated and inspired g enerations of young B ahamians in search of a b etter life through a dvanced educational t raining. Governor General Sir Arthur Foulkes, speakingon behalf of the nation, expressed condolences to the family of Bishop Eldon and proclaimed him an o utstanding educator and t eacher. He said: Bishop Eldon d edicated himself to n ational service as a patrio t and a public voice for human equality and social justice as well as the morald imension of public policy, understanding that education was fundamental tod eveloping the people of t he country he loved. During the funeral, a moment of silence was held in honour of Dr KevaB ethel, the sister of Bishop Bethel, who passed away at Doctors Hospital earlyy esterday morning. L OCAL NEWS P AGE 2, WEDNESDAY, FEBRUARY 16, 2011 THE TRIBUNE T O DISCUSS ST ORIES ON THIS PAGE LOG ON TO WWW.TRIBUNE242.COM Hundreds pay respects to Bishop Michael Eldon First Bahamian Anglican Bishop of the Bahamas, Turks and Caicos laid to rest BISHOP MICHAEL HARTLEY ELDON FUNERALSERVICE A T CHRIST CHURCH CATHEDRAL ON GEORGE STREET TIMCLARKE/TRIBUNESTAFF

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B y MEGAN REYNOLDS Tribune Staff Reporter mreynolds@tribunemedia.net F IRE investigators s earching for the causes of t wo fires yesterday are not certain whether they are linked. A s firefighters sought to contain the massive fire that started at Betty K Agencies Ltd in East Street b efore 8am and spread through the block of buildings onto Bay Street, a nother blaze ignited at an a bandoned building next to t he Masonic Hall on Baillou Hill Road just after1 0am. Superintendent of Fire Services Jeffery Deleveaux s aid resources were prioritised to battle the bigger Bay Street blaze, and yest erday they continued to d ampen hot spots in the B etty K Agencies Ltd building where flames weres till burning. T he fire in Baillou Hill Road destroyed the entire t op section of the two storey building next to the Masonic Lodge and caused m inor damage to the Lodge Hall, Mr Deleveaux said. Fire investigators are s earching for clues that may give them any indication of the cause of both fires yesterday, and a police sources aid it seems more than a coincidence there were two fires yesterday. However he refused to s peculate as to what the cause of the fires might be. Mr Deleveaux said invest igators have not yet come a cross any indication that the two fires might be linked. He said: Its going to be extremely difficult because the buildings have been d estroyed. So we will do interviews to help us establish the c ause of the fire. We have investigators o ut there in the field, and I would not like to pre-emptw hat they are doing. But based on the information we have, we are not sure whether they arel inked. So we are not saying they are not linked, but we are not saying they aree ither. T ribune p hotographer Felipe Major was the onlyp erson injured in the fires, b ut Mr Deleveaux and oth er firefighters had a close call when they were working to extinguish the fire ont he northern wall of the Betty K Agencies building and it collapsed on Mon day afternoon, he said. LOCAL NEWS THE TRIBUNE WEDNESDAY, FEBRUARY 16, 2011, PAGE 3 TO DISCUSS STORIES ON THIS PAGE LOG ON TO WWW.TRIBUNE242.COM BETTY K AGENCIES LTDPhone 322-2142 322-2875 322-2813Freight Warehouse: 322-8926 Fax 322-6089 NOTICE OF RELOCATION OF BETTY K AGENCIES OFFICES OPENWednesday Feb 17 at 8:00am NE corner of Victoria & Bay StreetsALL PHONE NUMBERS REMAIN THE SAME. The next Betty K sailing is arriving Thursday Feb 18 at the Arawak Cay Terminal. Regular sailings resume as follows: Nassau 2 per week as of Monday Feb 28 Abaco 1 per week as of March 1st. BETTY K AGENCIES LTD PARKING BAY STREETV I C T O R I A A V E N U EWATERFRONT By LAMECH JOHNSON AFTER the devastating fire that destroyed the Betty K building and others along East Bay Street on Monday, downtown businesspersons told The Tribune that a faster response time and better organisation is needed to prevent such signif icant damage in the future. Josh Tynes, an employee at a store west of the Betty K building, believes the response was not quick enough and that some procedures should be implemented before the next inci dent takes place. "I believe that we should have a port that is close enough or something, whereas we can get that speedy service, he said. John Bull's Bay Street branch supervisor, Dorothy Marshall, also believes a quicker response is necessary, "from what I've seen." The manager of Prestige Silver was present at his store when the fire started and believes that it could have been better handled. Herbert Bischof said: "I was here around 7.30 am and the fire started shortly after but help didn't arrive until later." Many businesses ran on reduced hours on the day of the fire, including Scotia Bank, which began business transactions at noon. Other businesses had no choice but to close up shop early and lose business, with some of them already struggling in a tough economy. Beverly Thompson of Roberts Shoes witnessed the blaze and said the firefighters focused on the buildings on East Street. "I didn't see any trucks on this side. Maybe they were in the back." That, she believes, along with the strong winds, allowed the fire to cause so much damage. The business owners and managers who spoke with The Tri bune admitted lacking knowledge of how fire fighters work. However, having witnessed the event, and based on the his tory of fires on Bay Street, they believe better service is needed. Investigators unsure if town fires are linked A BOVEANDBELOW: T he remains of the Betty K Agencies Ltd b uilding pictured yesterday. PHOTO/ JESSICA ROBERTSON LEFT: Firefighters at the scene of the fire on Monday. PHOTO/ TIM CLARKE DOWNTOWN BUSINESSPERSONS SAY FASTER RESPONSE, BETTER OR GANIS A TION NEEDED FIREFIGHTERS at work yesterday.

PAGE 4

By DENISE MAYCOCK Tribune FreeportR eporter dmaycock@tribunemedia.net FREEPORT An Aba c o man was charged with p ossession of an unlicensed firearm in the Freeport Magistrates Court yester-d ay. Zeno Higgs pleaded not guilty to firearm possessionin Court Two before Mag i strate Andrew Forbes. It is alleged that on Feb ruary 12, at Freeport, Grand Bahama, the accused was found in possession of a firearm. Higgs was remanded to F ox Hill Prison until August 9, when he will return for trial. A MAN shot by police last week in Eight Mile Rock was yesterday charged with a number of offences in connection with a disturbance at Job Incor porated. Neville Cox, 34, was charged before Magistrate Gwen Claude in the Eight Mile Rock Magistrates Court with stealing from a shop, assault with a dangerous instrument, assault of a police officer, and resisting arrest. It is alleged that on February 10, at Hanna Hill in Eight Mile Rock, Cox entered a store and stole cash. Cox was not required to enter a plea to charges as Magistrate Claude remanded him to the Diah Ward at the Rand Memorial Hospi tal for evaluation. AN Eight Mile Rock man was arraigned on several charges yesterday, including stealing from a shop, causing harm and stealing from a vehicle. Wondell Campbell, alias Chad Martin, of Martin Town, Eight Mile Rock, pleaded not guilty to five counts of stealing from a shop and two counts of stealing from a vehicle. He pleaded guilty to caus ing harm. Sentencing will be handed down at a later date. Campbell was remanded at Fox Hill Prison until May9. One of the four women c harged with stealing from t hree shops at the Interna tional Bazaar was convicted and sentenced in Magistrates Court. Shavone Cartwright, 31, pleaded guilty to three counts of stealing from as hop on February 7. S he was charged with three other women, including Ingrid Cartwright, 38; Shannekka Cartwright, 26; and Bennika Beneby, 21, of F reeport. T he three women had pleaded not guilty to the charges and their matter was adjourned to February 16 for trial. Cartwright was sentenced to 30 days in prison. O n completion, she is to s pend another 30 days at the Sandilands Rehabilitation Centre in New Providence. LOCAL NEWS THE TRIBUNE WEDNESDAY, FEBRUARY 16, 2011, PAGE 5 TO DISCUSS STORIES ON THIS PAGE LOG ON TO WWW.TRIBUNE242.COM A 21-YEAR-OLDCat Island man was arraigned inM agistrates Court yesterday, charged in a 2008 murder and the attempted murder of a police officer last week. R odrigo Nigel Rolle of D umpfries, Cat Island, is accused of the February 17,2 008 murder of Arville S mith on Cat Island. Rolle is also accused of the 2011 attempted murder of PC 3397 Thurston. I t is alleged that Rolle shot Thurston in the buttocks with the officers owng un during a scuffle outside the Hotspot Restaurant and Sporting Lounge in Cat Island last Saturday. R olle was not required to e nter a plea to the murder charge during his arraign ment before Chief Magistrate Roger Gomez in CourtO ne, Bank Lane. He was also not required to enter a plea to one count of making death threats, ando ne count of resisting the a rrest of Corporal 2131 McCoy. He pleaded guilty to using obscene language toward officer Thurston. R olle was remanded to her Majestys Prison and is expected back in court on February 28. A t that time he is expecte d to appear on Court 11, Nassau Street. By MEGAN REYNOLDS Tribune Staff Reporter m reynolds@tribunemedia.net A PLAQUE commemorating US President J ohn F Kennedys meeting in Nassau with the Canadian and British prime ministers has been mysteriously ripped from the cement casing it s tood in for nearly 50 years. The casing has been smashed and the heavy plaque was flung across the street coming tor est more than 50ft away from its original site. C oncerned drivers speculated that it might have been struck by an out of control vehicle, but noted that no other signs of an accident are visible at the site. A taxi driver alerted the Antiquities, Monuments and Museums Corporation (AMMCw hen he noticed the plaque had disappeared from its spot at the junction of Blake Road and West Bay Street where President Kennedy planted a fig tree to mark his visit. AMMC historic preservation architect and consultant Alicia Oxley said she recovered t he cracked plaque of polished granite near the C aves Village shopping centre. I t will now be repaired by the AMMC and relocated to the new US Terminal at the Lynden Pindling International Airport in the summer of 2012. T he relocation plan had already been made to comply with changes to the roads planned by the Ministry of Works and so as to give international visitors a greater opportunity to see it. A new Ficus Benjamina fig tree also will be planted on the berm in front of the new term inal as the one that took root in 1962 was not k ept in good health, Ms Oxley said. The historic monument commemorates P resident Kennedy and British Prime Minister Harold Macmillans signing of the NassauA greement after three days of meetings in December 1962. U nder the agreement, the US was to provide t he UK with a supply of nuclear-capable Polaris missiles in return for which the UK was to lease the Americans a nuclear submar ine base in Holy Loch near Glasgow. F or more details and a video news report of t heir meeting log on to: www.youtube.com/watch?v=r7kuX9xdPLU President Kennedy plaque mysteriously ripped from casing Item will now be repaired and relocated to airport MAN CHARGED WITH 2008 MURDER AND ATTEMPTED MURDER A 34-YEAR-OLD man accused of stabbing another man to death last month was arraigned in Magistrates Court yesterday. Police have charged Mario Thompson alias Purple of Meadow Lane in the murder of Francoeur Etienne. According to reports, Mr Etienne 38, of Mackey Street, was held u p and stabbed in the head by a man while walking on Wilson Track on Wednesday, January 19. Thompson, who was arraigned before Chief Magistrate Roger Gomez, was not required to enter a plea. He was remanded to Her Majestys Prison. The case has been adjourned to February 22 and transferred to Court Five, Bank Lane. Man charged with possession of an unlicensed f irearm NEVILLE COX being escorted to court. WONDELL CAMPBELL headed to court for his arraignment. STABBING DEATH ACCUSED IN COURT THEPLAQUE came to rest more than 50ft away from its original site.

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L OCAL NEWS P AGE 6, WEDNESDAY, FEBRUARY 16, 2011 THE TRIBUNE T O DISCUSS ST ORIES ON THIS PAGE LOG ON TO WWW.TRIBUNE242.COM By CELESTE NIXON Tribune Staff Reporter cnixon@tribunemedia.net T HE Queens college community has e xpressed its profound grief at the death of Dr Keva Bethel. The school said its flag has been lowered to half mast as a sign that a great woman and a great friend of QueensC ollege has died. In a statement issued yesterday, the school said: Many individuals, families, civic groups and national organisations will be deeply affected by Dr Bethels death. Queens College will be one of them. The Queens College family extends to Dr Nicolette Bethel, Edward Bethel a nd their families, and the close friends of Dr Bethel, our sympathy and prayers. A n Anglican by denomination and a Methodist by educational affiliation, Dr Bethels association with the Methodist school spanned many decades. She was a student at Queens College, a nd graduated in 1950 with the schools highest academic award. D r Bethel served for more than 30 years on the QC board of governors, and in July of this year was inducted into the Queens College Hall of Fame. The school said Dr Bethel served on t he board as though Queens College were her own, almost as though she was herself responsible for the casting of the vision for the the school and the implementation of its mission, which together have guided the growth of Queens Coll ege in its journey toward excellence and i ts inclusive educational policies. Dr Bethel played an active role in the selection of teachers and administratorsf or all sections of the school, and gave wise advice that proved vital in both times of tough decisions and in the dayt o-day administration of the school, the s tatement said. Her level of influence, her vast experience in education and her integrity as ah uman being heightened the value of her advice and council, it said. T he QC Board of Trustees also issued a statement extending its condolences to t he family of Dr Bethel. It said: Through out her life, Dr Bethels actions demonstrated her comm itment to the development of education in the Bahamas, her love of country and her devotion to instilling a love of lifelongl earning among young Bahamians. Dr B ethels legacy will continue through the lives of the numerous students she has influenced; and through the work of the many organisations and institutions to which she has contributed. A memorial book has been set up in t he QC highschool library for staff, students, board members and alumni to offer words of condolence to her family. By CELESTE NIXON T ribune Staff Reporter cnixon@tribunemedia.net THE academic community a t the College of the Bahamas is deeply saddened by the loss of President Emerita and s cholar-in-residence, Dr Keva Bethel. The college issued a press statement yesterday express i ng its deep sense of loss over the death of Dr Bethel, who made an enormous impacto n the institution. It said: For so many years the colleges image was heri mage. The colleges strength was hers. The virtues that guided and sustained our institution, were a reflection of her own. It was through her thought f ul and visionary leadership that the college enjoyed tremendous growth and advancement. D r Bethel was the colleges 4th principal, a position she held from 1982 to 1995. In 1995, she became the first president of a newly autonomous college, retiring in 1998. In 2007 she completed what i s today referred to as the colleges Bethel Report, a study of the governance structure at the institution which, going for w ard, will be a key factor in completing the COBs transition to university status. In 2009 she was named one of the colleges first scholars-inresidence. The COB statement described Dr Bethel as a gen t le and generous spirit who will be forever remembered for the warmth and kindness. Dr Keva Bethels legacy is f orever etched in the foundation of our great institution, it said. a te, Dr Bethel received her Masters degree in foreign languages from Girton College in Cambridge, England. Furthering her academic career, she received a doctorate degree in educational administration from the University of Alberta in Canada. Her celebrated 50-year career in the educa tion field begun as a teacher at Government High School from 1959 to 1975, and culminated in a 16-year tenure as president of the College of the Bahamas, becoming the first Bahamian woman principal of the institution in December 1983 where she had been acting head for almost 16 months. She retired in 1998, though remained involved in the life and development of the College up to the time of her recent illness. In retirement, she has served as chairwoman for the National Advisory Council in Education and the Education Committee of the governments Student Loan Programme. She was also on the board of directors at Doctors Hospital and a member of the hospitals foundation for the last ten years. In a statement released yesterday afternoon, the Prime Minister described Dr Bethel as a warm, caring and generous woman, an extraordinary Bahamian who was dedicated to the education and advancement of all Bahamians, and to the promotion and preservation of our culture as well as to our overall national development. Mr Ingraham said many thousands of Bahami ans have benefitted from Dr Bethels tireless commitment and contributions. He said Dr Bethel lent her considerable expe rience and knowledge to a number of Bahamian institutions, including Queens College, The Lyford Cay Foundation, Bahamas Supermarkets Limited, Safe Bahamas, Doctors Hospital, Cable Bahamas Ltd and the Finance Corporation of the Bahamas Ltd. Dr Bethel was one of our truly great citizens: devoted, honest, loyal and steadfast. Her lifes accomplishments and her warm spirit are forev er etched in the annals of our history and in the hearts of countless Bahamians, he added. Doctors Hospital CEO Charles Sealy issued a statement on behalf of the hospital to convey condolences to the children, family and friends of Dr Bethel. It said: We are saddened by the death of a women who inspired us all, and whose knowledge and contribution to the Bahamas was truly excep tional. The statement said: The example she has set for us will always exhort and remind us to continue the struggle for humanity, education, peace, and a better Bahamas to which Dr Bethel had dedicated her entire life. We have lost a great woman, colleague, men tor and friend. The Progressive Liberal Party also released a statement expressing condolences. It said: Our party expresses its condolences to her family at this very sad time. Dr Bethel was a pioneer in Bahamian education, a stalwart Bahamian patriot dedicated to the development of the intellectual talent of our country. The opposition party said Dr Bethel embodied the essence of public service, love of country without fear or favour. The National Congress of Trade Unions of the Bahamas (NCTUB Dotson said Dr Bethels unselfish and invaluable contribution to the growth and development of the Commonwealth of Bahamas has molded thousands of Bahamian citizens into successful and productive members of society. Dr Bethel is survived by two children, Nicolette Bethel-Burrows and Edward Bethel, a son-inlaw, Philip A Burrows, a daughter-in-law Tasha Honey-Bethel, a grandson Jaxon Elijah Bethel and other family members, including cousins, nieces and nephews and a many friends and col leagues. to this date, the source said that he was speaking out at this time after discovering that the terms he had negotiated was set to be ended at the next convention. At the convention, concessions were made. Gentlemen agreements were met, and I, like my colleague have lived up to our part of the arrangement. If they feel that they can do t his to me, after all that I have done, they have another thing coming, the source added. The amount of funds agreed to, the source explained, was reportedly in the high five figures. This amount, he s aid, was reached with a high ranking member of the party. At no time, he said, were any agreements struck between himself and Prime Minister Hubert Ingraham, who leads theF NM. Attempts to reach the chairman of the party, Carl Bethel were unsuccessful up to press time last night. al can still bring charges against the pair if any new evidence is discovered. Mr Vardoulis, 31, was shot and killed on April 12, 2007 at his residence in Bahama Reef Boule vard. The businessman had just arrived home sometime after 1am when an assailant opened fired on him as he pulled up to the driveway in his Chevy Impala. Mr Vardoulis, also known as Konky, was the owner of Grand Bahama Food Company and the Chicken Farm. Two months after his murder, police charged Ferguson and Knowles with murder. Mr Shurland said the case was extremely weak against his client. He was very pleased that the Attorney General decided to discontinue the matter before trial. I was astonished that the Attorney Generals Office would proceed with the case via a voluntary bill of indictment when, from the outset, the case was extremely weak. Had they proceeded to trial...it could have been very embarrassing for the Attorney Gener al, he said. Mr Ducille also felt that there was no evidence against his client. He believes that the Attorney General did the proper thing by discharging his client of the charges. I think it is a very good idea where there are cases that you know inevitably will result in an acquittal that the AG gives the initiative and gets it out of the system. By NATARIO McKENZIE Tribune Staff Reporter n mckenzie@tribunemedia.net BISHOP Earl Randy Fraser yesterday sought to dismiss allegations made bya young girl with whom he is a lleged to have had a sexual r elationship. Bishop Fraser was back on the witness stand yesterday as his unlawful sex trial continued in the Magistrates Court. Fraser, senior pastora t Pilgrim Baptist Temple, St James Road, is accused of having unlawful intercourse between July 2005 and February 2006 with a 16-year-old girl, whom he had agreed to counsel. The virtual complainant h ad testified that on one o ccasion Fraser gave her $ 100, three pairs of gold earr ings and a Seiko watch before he left to go on a trip t o London. She alleged that Fraser had told her she got the gifts because he loved h er and wanted to show her that it was not only about t he sex. Fraser, however, r efuted the complainants account. He told the court yesterday that he had bought t he girl the gifts but claimed t hat they were not all given t o her on one occasion. He recalled that he had told the g irl about the London trip which was related to his involvement with a board att he Broadcasting Corporat ion. Fraser told the court t hat the gifts were not sexual inducements. He also told the court that the complainants grandmother was always made aware when he had bought her gifts and often thanked him. I saw myself as being a helper. There was never anyh idden agenda. It wasnt strange for me to buy her a gift. She was like one of my children, Fraser said. Fraser admitted that the complainant had been at his house once. The comp lainant alleged that she and Fraser had sex there as well as in his church office. Fraser claimed that one afternoon around 5.30 pm, while the complainant was doing community service at the church library, he drove the girl and his youngest daughter to his Eastwood Estates home. Fraser recalled thath e went back home because h e had forgotten his notes for bible study that night. F raser recalled that the complainant said that she wanted to see his house and that it was his daughter who led her into the house and showedh er the upstairs bedrooms. Fraser also denied the allegation by the com-p lainant that they had had sexual relations at the church o n the day of his consecrat ion which he said was July 1 2, 2005. Fraser said this was u ntrue as his consecration took place in New Orleans and the complainant was not there. The trial continues today. Fraser remains on$ 10,000 bail. He is represented by attorney Jairam M angra. Darnell Dorsette appeared for the prosecution yesterday. The case is being heard before Deputy Chief Magistrate Carolita Bethell. BISHOP FRASER TAKES THE WITNESS STAND FNM councilman claims he was paid for silence FROM page one Queens College grief after death of Dr Keva Bethel QUEENSCOLLEGE pays tribute to Dr Keva Bethel. COB academic community deeply saddened FROM page one FROM page one T r ibutes pour in after death of Dr K eva Bethel Men disc harged

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LOCAL NEWS THE TRIBUNE WEDNESDAY, FEBRUARY 16, 2011, PAGE 7 TO DISCUSS STORIES ON THIS PAGE LOG ON TO WWW.TRIBUNE242.COM US AMBASSADOR N icole Avant made her third visit to Freeport last week, where she spoke to f emale high school stud ents, met with government officials, and visited the Grand Bahamas Childrens Home. Ambassador Avant also gave the keynote address at the Grand Bahama Chamber of Commerces annual banquet and installation, where she encouraged Grand Bahamas busi ness leaders to continue investing their time and energy in the most precious resource in the Bahamas young people. Ambassador Avant began her visit at the Freeport Container Port, where she met with 14 female students from private and public high schools throughout Freeport who had just completed a tour of the site to learn about a number of key positions currently being held by women. During the dialogue, each student had an opportunity to ask the ambas sador questions, which ranged from inquiries about her official duties to how she maintains a work/ life balance. Ambassador Avant spoke with students abouther experiences as a busi nesswoman, as a mother and as President Obamas personal representative in the Bahamas. She recalled her father, who encouraged her to create her own way in the world. Its no longer about breaking into the boys clubs, but about creating your own clubs, Ambassador Avant told the girls. Following the student dialogue, Ambassador Avant met with the Minis ter of Labour and Social D evelopment, Senator Dion Foulkes and Grand Bahamas Island Administ rators, Don Cornish repr esenting the Freeport District; Bradley Armbrister representing the East Grand Bahama District; and Angela Pratt-Rolle representing the West Grand Bahama District. They discussed potential partnerships to support ongoing efforts to revitalise Freeport and other areas on Grand Bahama. After the meeting, Minister Foulkes accompanied Ambassador Avant to the Grand Bahama Childrens Home where she met the staff, toured the home and interacted with the young residents. In honour of Black History Month, Ambassador Avant donated a collection of books with African American themes to encourage the 28 children to immerse themselves in the joy of reading. On Saturday night, Ambassador Avant made her speech to Grand Bahama Chamber of Com merce, which focused on the theme Building a better community with excellence. The Ambassador encouraged Bahamian business leaders to partner with local schools and the Ministry of Education to ensure that the next generation is fully equipped to compete in a global economy. When a country invests in its youth, it benefits both socially and economically. I applaud all of the business leaders here tonight who are working publically and privately to support the aspirations of young peo ple throughout the Bahamas, she said. By BETTY VEDRINE THE Bahamas Postal Service has issued a commemorative postage stamp to highlight the 50th anniversary of the Victor Sassoon Heart Foundation. The stamp is being issued in denominations of 15 cents; 50 cents; 65 cents and 70 cents. The Sir Victor Sassoon (Bahamas has helped thousands of child ren in the Bahamas who suffer from heart disease. It has funded clinics which identify heart problems in children and when needed, the Foundation has paid for the heart surgeries that have meant a full life for many. The Foundation was created after Sir Victor Sassoon Bart, GBE died from heart compli cations in l961. His widow, Lady Sassoon, requested that in lieu of flowers, donations were to be made to the local heart associations in his memory. After finding out from the P rincess Margaret Hospital that such associations did not exist in the Bahamas, Lady Sassoon took it upon herself to createone. In addition to paying for lifesaving surgeries for children, the Foundation has purchased diagnostic machines and items to promote heart care for the hospital. The Sassoon Heart Foundation is an all-volunteer organisation. As a part of fundraising efforts, the Foundation hosts the annual Heart Ball. The ball has been held every February for the past 47 years. Sir Victor was born to a family of merchants and bankers w ho lived in India and England. In the l920s, Victor Sassoon moved to Shanghai, China, where he established most of his own business enterprises. War broke out in the late l930s and he was forced to flee, travelling throughout the world. After the war, Sir Victor reestablished his business empire in the Bahamas, England and South America. He also dedicated himself to his passion for horse racing. He was very successful at this endeavour and his horses won the English Derby four times in eight years. He m arried the former Evelyn Barnes (Lady Sassoon Lady Sassoon founded the foundation in his honour in l961 after his death. It is now one of the most respected charities in the Caribbean. POSTAL SERVICE ISSUES COMMEMORATIVE VICTOR SASSOON HEART FOUNDATION STAMPS V ICTOR SASSOON HEART FOUNDATION STAMPS US AMBASSADOR VISITS FREEPORT M INISTER FOULKES i ntroduces Ambassador Avant to the Grand Bahama Children's Home residents.

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By LARRYSMITH T HE Bahamas is like a p iece of Swiss cheese, scie ntists say. Our limestone bedrock is riddled with cracks and fissures, and everything is tidally conn ected. A ges ago, when sea leve ls were lower, rainfall e roded the limestone to f orm extensive underg round caverns. These were described on land as early as 1725, by the Eng-l ish naturalist Mark Catesby. The marine caves we call blue holes were first recorded on charts in 1843. B ut it is only in the past 50 years or so that we have been able to visit the enchanted voids" of this mysterious interconnected u nderworld. In fact, experts describe blue holes as a final frontier the last u nknown places on Earth that humans can physically g o to explore. And explorers are making unprecedented discove ries in Bahamian blue holes, especially on Abaco, w here Dans Cave has broken all records for an island cave at well over 30,000f eet in length. It is now the longest cave system in The B ahamas. At over 10,000 feet in length, nearby Ralphs Cave is the second longestu nderwater cave system in The Bahamas. It contains the most intricately deco r ated passages of any caves on Earth, wet or dry, with m assive crystal formations o f every shape and description. Recently discovered Nancys Cave has produced significant archaeological finds and fossils. This cave currently has 1,400 feet of e xplored passages and is litt ered with the bones of ancient crocodiles, tortoise s, birds and bats. T he unique water chemi stry in Sawmill Sink has preserved the earliest Lucayan bones (dated to about a thousand yearsa go), more than 54 individ ual crocodile skeletons, 13 extinct tortoises (com-p letely new to science), hundreds of birds (some new to science), bats, snakes, lizards and fish.T his material is currently re-writing Bahamian preh istory. R eel Breaker Blue Hole, near the Crossing Rocks community dock and boat ramp, contains more than 5,500 feet of circuitous passages. It and other offshore sites help to fill and drain t he large expanse of flats o n the west coast known as the marls. T hese blue holes are p art of a nine-mile area of C rown and Treasury land in South Abaco that experts are seeking to protect as a special conserva-t ion zone. The area includes at least 17 cave entrances and extends westf rom the Abaco Highway to an offshore area of mangrove channels and mud flats. All told, these siteso pen into more than 10.3 miles of underwater pass ages, with thousands of feet of new passages being discovered every month. A conservation proposal has been developed by theB ahamas Caves Research Foundation, a team of w orld class explorers, sci entists and educators based on Abaco. Over the pasty ear, the Foundation, the Bahamas National Trust, Friends of the Environment, and the AntiquitiesC orporation have been h olding town meetings, conducting surveys and col lecting signatures of supp ort. The proposal will be sub mitted to government within the next few weeks for ad ecision. According to University of Florida biologist, Dr. David Steadman, quoted ina recent article in Diver Magazine, If we dont protect places like this, thent he bulldozers will arrive w ithout warning. The dam age they will do in a day cannot be reversed in a mil l ennia. Expedition Steadman was part of a scientific expedition spon sored by National Geo graphic and the Antiquities Corporation in 2009 to document the discoveries. And between the Nova television documentary and the August 2010 National Geo graphic magazine cover article, more than 40 million people worldwide were exposed to the treasures being found in Bahamian blue holes. "These sites are now rec ognized by top explorers as the world's most highly decorated underwater caves, with massive crystal columns over 30 feet in height and diameter," the conservation proposal says. "Underground rooms the size of baseball fields are found throughout the systems (and lenses of the islands sup port systems of unique cave-adapted marine life found nowhere else in the world." Research in these caves has focused on evidence of past climatic conditions; studies on crocodile, tor toise, bird and bat fossils; tracing tidal movements of sea water through the systems; dating dust from the Sahara desert deposited in the Bahamas over hun dreds of thousands of years; and cataloguing new species, including bacterial colonies thought to be rep resentative of first life forms on Earth. The Antiquities Corpor ation has also partnered with the University of Florida at Gainesvilles Florida Natural History Museum to catalogue, pre-s erve and archive the extremely fragile and valu a ble material that is being brought to light from Sawmill Sink and otherc aves. Scientists are understandably worried about the impact that large-scaled evelopment will have on t hese fragile ecosystems. The conservation proposal is a preemptive effort toe nsure that the land above these sites will never be destroyed or modified. "All cave life, fossil p reservation, and archaeological material preservation is directly dependent upon the unique water chemistry of Bahamian blue holes," the proposal says. Since the organic sur f ace matter is the building block of the entire biologi cal process, it is of utmosti mportance that all vegetation found near the entrances to blue holes, as well as vegetation found above the underground passages, be kept in a pris tine condition." While traditional fishing and hunting could continue in the conservation zone, scientists want to keep the pine forest, blue holes, tidal creeks, logging roads and mangrove areas as they currently are, while promoting them to the tourism industry as one of Abacos great natural wonders, and encouraging participation by local Bahami an entrepreneurs. Once the protected area is established, a management plan will be created by The Bahamas National Trust in consultation with The Bahamas Caves Research Foundation, the Antiquities Corporation, Friends of the Environment and local stakeholder communities. "In the past, the value of blue holes and associated habitats was not fully known," the proposal says, "and they have been mistreated through dumping and sewerage contamina tion. We now have a chance to take a step that is proactive, instead of reac tive, in conserving these irreplaceable treasures." The Bahamas Caves Research Foundation is also compiling a national blue holes database for the Department of Marine Resources, the BEST Commission and the Antiquities Corporation. About 260 sites have been identified so far on 14 islands (Grand Bahama, Abaco, New P rovidence, Andros, Berry I slands, Exuma Cays, E leuthera, Long Island, Ragged Islands, Cat Island, Mayaguana, Little Inagua, and Inagua). D iving into t he Sargasso Sea T he Bahamian archipela go lies on the edge of the S argasso Sea. This area has been described as an ocean within an ocean, boundedb y a vortex of swirling ocean currentsa place where huge mats of seaweed drift on the high seas a nd shelter a unique community of open ocean animals. U niversity of Miami marine ecologist Dr Kathl een Sullivan Sealey (a former dean of the College of the Bahamas science divis ion) is currently travelling on a research vessel opera ted by the Californiabased Schmidt Ocean Institute to study the animals t hat live at the surface of the Sargasso Sea, and also t hose that live on the deep seafloor, thousands of feet below. O n February 6 the research vessel left the C anary Islands for Bermuda on the first leg of its cruise, and will cross the Sargasso Sea from north tos outh, coming to port in the Bahamas later this month. Sullivan Sealey is part ofa n interdisciplinary team of s cientists led by Monterey Bay Aquarium Research Institute ecologist Ken Smith. Animals At six different points within the Sargasso Sea, the scientists are collecting samples of animals and sea weed. They will also use a small robotic submersiblet o videotape the deeper portions of the floating Sar gassum mats and to make water-quality measure-m ents. These observations will help the team determine how many animals exist as part of this unique community. The teams second objective is to study animals that live on the deep seafloor. At each of the six study sites in the Sargasso Sea, baited cameras will be lowered to the seafloor to record the deep-sea fish and other animals that are attracted to the bait over a 24-hour period. At the most southerly study site, about 500 miles west of Bermuda, the scientists will also set up a long-term observing system 5,400 metres down on the abyssal seafloor. The observatory consists of a time-lapse camera system connected to a string of sediment traps. The time-lapse camera will snap pictures of a four-by-fivemeter patch of ocean floor every hour for up to six months. Previous studies of abyssal animals in the eastern North Pacific and eastern North Atlantic demonstrated that climate change is affecting sea life at depths previously thought to be insulated from such things. The current research will help scientists to better understand how these effects vary from one part of the ocean to another on a global scale. What do you think? Send comments to larry@tribunemedia.net Or visit www.bahamapundit.com P AGE 8, WEDNESDAY, FEBRUARY 16, 2011 THE TRIBUNE T O DISCUSS ST ORIES ON THIS PAGE LOG ON TO WWW.TRIBUNE242.COM A special conservation zone for blue holes T HE BLUE HOLES a re part of a nine-mile area of Crown and Treasury land in South Abaco (dark area i ng to protect as a special conservation zone. S S c c i i e e n n t t i i s s t t s s a a r r e e u u n n d d e e r r s s t t a a n n d d a a b b l l y y w w o o r r r r i i e e d d a a b b o o u u t t t t h h e e i i m m p p a a c c t t t t h h a a t t l l a a r r g g e e s s c c a a l l e e d d e e v v e e l l o o p p m m e e n n t t w w i i l l l l h h a a v v e e o o n n t t h h e e s s e e f f r r a a g g i i l l e e e e c c o o s s y y s s t t e e m m s s .

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WASHINGTON Associated Press The United States stands with cyber dissidents and democracy activists from the Middle East to China and beyond, Secretary of State Hillary Rodham Clinton said Tuesday. She pledged to expand the Obama administration's efforts to foil Internet repression in autocratic states. In an impassioned speech on Internet freedom, Clinton said the administration would spend $25 million this year on initiatives designed to protect bloggers and help them get around curbs like the Great Firewall of China, the gag ging of social media sites in Iran, Cuba, Syria, Vietnam and Myanmar as well as Egypt's recent unsuccessful attempt to thwart anti-government protests by simply pulling the plug on online communication. She also said the State Department, which last week launched Twitter feeds in Arabic and Farsi to connect with populations throughout the Arab countries and Iran, would broaden the reach of its online miniappeals for human rights and democracy by creating accounts that cater to audiences in China, Russia and India in their native languages. Clinton challenged authoritarian leaders and regimes to embrace online freedom and the demands of cyber dissidents or risk being toppled by tides of unrest, similar to what has happened in Egypt and Tunisia to longtime presidents Hosni Mubarak and Zine El Abidine Ben Ali. "History has shown us that repression often sows the seeds for revolution down the road," she said. "Those who clamp down on Internet freedom may be able to hold back the full impact of their people's yearnings for a while, but not forever." "Leaders worldwide have a choice to make," Clinton said. "They can let the Internet in their countries flourish, and take the risk that the freedoms it enables will lead to a greater demand for political rights. Or they can constrict the Internet, choke the freedoms it naturally sustains, and risk losing all the economic and social benefits that come from a networked society." "We believe that governments who have erected barriers to internet freedom, whether they're technical filters or censorship regimes or attacks on those who exercise their rights to expression and assembly online, will eventually find themselves boxed in," she said. "They will face a dictator's dilemma, and will have to choose between letting the walls fall or paying the price to keep them standing, which means both doubling down on a losing hand by resorting to greater oppres sion, and enduring the escalating opportunity cost of missing out on the ideas that have been blocked." She said fighting restrictions would not be easy but stressed that the United States is committed to ensuring the Internet remains an open forum for discourse. "While the rights we seek to protect are clear, the various ways that these rights are violated are increasingly complex," Clinton said. The U.S. will "help people in oppressive Inter net environments get around filters, stay one step ahead of the censors, the hackers and the thugs who beat them up or imprison them for what they say online," she said in the speech to students at the George Washington University. She countered criticism leveled at the administration for not investing in a single technological fix to overcome government controls, saying there was "no silver bullet" and "no app" to do that. Instead, she said, the U.S. would take a multipronged approach. Clinton's remarks, her second major address about Internet freedom since becoming America's top diplomat, come amid a groundswell of protests around the Middle East that have been abetted by online agitators using social media sites such as Twitter, Facebook and YouTube to organize anti-government demonstrations from Algeria to Yemen, Syria, Iran and Jordan. Despite the Obama administration's own problems with an unfettered Internet, most notably the release of hundreds of thousands of sensitive diplomatic documents by the Wik iLeaks website, Clinton said the United States is unwavering in its commitment to cyber free dom, even as it seeks to prosecute online crimi nals and terrorists. CLINT ON SPEAK S OUT A GAINST INTERNET REPRESSION (This is the final article in a three-part series deliveredby Sir Shridath Ramphal at t he eleventh Sir Archibald Nedd Memorial lecture given in Grenada on January28. His subject: Is the West Indies West Indian?) By SIR SHRIDATH R AMPHAL THERE is another major respect in which the West Indies in not being West Indian in the Marryshow m anner; is not being true to i tself. We are failing to fulfil the promise we once held out of being a light in the darkness of the developing world. Small as we are, our regionalism, our West Indians ynonymy, inspired many in the South who also aspired to strength through unity. S olidarity has been lost not only amongst ourselves, but a lso collectively with the d eveloping world. And, perhaps, therein lies t he rub. Were we making a reality of our own regional u nity we would not be false t o ourselves and we would have inspired others who, in t he past, had looked to us as a beacon of a worthy future. I nstead, we are losing our w ay both at home and a broad. H ave we forgotten the days when as West Indians we were the first to daringly bring the Non-Aligned Movement to the WesternH emisphere, when we pioneered rejection of the two China policy at the United Nations and recognized the Peoples Republic; when, together, we broke the Western diplomatic embargo o f Cuba; when we forced withdrawal of the Kissinger plan for a Community oft he Western Hemisphere; when we were in the front rank (both intellectual andd iplomatic) of the effort for a New International Econ omic Order; when from this region, bending iron wills, we gave leadership in the struggle against apartheid in Southern Africa; when wei nspired the creation of the ACP and kept the fallacy of reciprocity in trade at bay for 25 years; when we forced grudging acceptance in the United Nations and in the Commonwealth that smalls tates required special and differential treatment? In all this, and more, for all our size we stood tall; we commanded respect, if not always endearment. We were West Indians being West Indian. Partners F or what do we stand today, united and respected as one West Indies? Web reak ranks among ours elves (Grenada, I acknowle dge, no longer) so that some can bask in Japanese f avour for helping to exter minate endangered species of the worlds whales. We e viscerate any common fore ign policy in CARICOM when some of us cohabit with Taiwan. Deserting our A frican and Pacific partners, we yield to Europe and take pride in being first tor oll over. W hat do these inglorious lapses do for our honour and standing in the world? How do they square with our earlier record of small states standing for principles thatc ommanded respect and buttressed self-esteem? The answers are all negative. And, inevitably, what theyd o in due measure is require us to disown each other and display our discordance to t he world. This is where local control has led us in the 21st Century. We call it now sovereignty. In reality, it is sovereignty we deploy principally against each other; because againstm ost others that sovereignty is a hollow vessel. It is easy, perhaps natural, for us as West Indian peo-p le to shift blame to our G overnments; and Governments, of course, are not blameless. But, in our d emocracies, Governments d o what we allow them to do: they themselves say: we a re doing what our people w ant us to do. It is not always true; but who can deny it, when we accept their excesses with equan imity, certainly in silence. N o! There is fault within u s also. We have each been touched with the glow of local control; each movedb y the siren song of sovereignty; have each allowedt he stigma of otherness, even f oreignness, to degrade our W est Indian kinship. The fault lies not only in our political stars but also in ours elves that we are what and where we are; and what and where we will be in a globals ociety that demands of us t he very best we can be. When the West Indies is not West Indian, it is we, at leasti n part, who let it be so. And what irony: Marryshow and his peers demanded that we be West Indian to be free together. We were; but in our freedom we are ceasing to be West Indian and in the process are forgoing the strengths that togethernessb rings. When are we at our best? Surely, when the West Indies is West Indian; whenw e are as one; with one ident ity; acting with the strength and courage that oneness gives us. Does anyone doubt t hat whatever we undertake, w e do it better when we do it together? Messa ge Thirty-five years ago, in 1975, on the shores of Montego Bay, as I took leave of Caribbean leaders beforea ssuming new roles at the Commonwealth, my parting m essage was a plea TO CARE FOR CARICOM. Among the things I said then was this: Each generation of West I ndians has an obligation to advance the process of regional development andt he evolution of an ethos of unity. Ours is endeavouring to do so; but we shall fail u tterly if we ignore these fundamental attributes of our West Indian condition and, assuming without war r ant the inevitability of our oneness, become casual, neglectful, indifferent or undisciplined in sustaining that process and that evolution. T he burden of my message is that we have become casual, neglectful, indifferent and undisciplined in sustaining and advancing Caribbean integration: that we have failed to ensure thatt he West Indies is West Indian, and are falling into a state of disunity which by now we should have made unnatural. The process will occasion a slow and gradual descent f rom which a passing wind may offer occasional respite; but, ineluctably, it will produce an ending. In Derek Walcotts recently published collection ofp oems, White Egrets for which he has just won the prestigious T.S. Elliot Prize t here are some lines which conjure up that image of s low passing: W ith the leisure of a leaf falling in the forest, P ale yellow spinning a gainst green my ending. T his must not be a regiona l epitaph. But, If CARICOM is not to end like a l eaf falling in the forest, pre vailing apathy and unconc ern must cease; reversal f rom unity must end. The o ld cult of local control m ust not extinguish hope of regional rescue through collective effort; must not allow a narcissist insularity to deny us larger vision ande nnobling roles. We must escape the mental prison of narrow domestic walls and build a West Indies which is West Indian. We must cherish our local identities; but they must enrich the mosaic o f regionalism, not withhold from it their separate splen dours. I n some ways, it must be allowed, our integration slip page is less evident among t he smallest of us. The OECS islands have set out a course for more ambitious and deeper economic inte-g ration among themselves which would be worthy of all, if it could subsist for all. The Treaty establishing the OECS Economic Union is now in force. But, it is early days; it remains to be seen att he level of action, at the level of implementation, whether, even for them, the earlier agony (of which Sir Arthur Lewis wrote so ruefully in 1962) lingers still. M eanwhile, however, cong ratulations are in order, and I extend them heartily. Ethos In moving closer to freed om of movement among t he OECS countries they have set a vital example to the rest of CARICOM. The O ECS West Indies is being W est Indian. May it translate into an ethos among them, and in time infuse thew ider Community with an end to foreignness among all West Indians. The OECS i slands have taken the first s teps in a long journey w hose ultimate goal must be a larger union. C ollectively, we must recover our resolve to survive as one West Indies aso ne people, one region, one w hole region. Imbued by such resolve there is a future that can be better than the best we have ever had. Neither complacency nor r esignation nor empty words will suffice. What we need is rescue by ourselves, from ourselves and for ourselves. We cannot be careless w ith our oneness, which is o ur lifeline. As it was in St Georges in 1915, so it is now: The West Indies must be W estindian P AGE 10, WEDNESDAY, FEBRUARY 16, 2011 THE TRIBUNE T O DISCUSS ST ORIES ON THIS PAGE LOG ON TO WWW.TRIBUNE242.COM We are failing to fulfill promise we once held I STHEWESTINDIESWESTINDIAN? PARTIII W W e e r r e e w w e e m m a a k k i i n n g g a a r r e e a a l l i i t t y y o o f f o o u u r r o o w w n n r r e e g g i i o o n n a a l l u u n n i i t t y y w w e e w w o o u u l l d d n n o o t t b b e e f f a a l l s s e e t t o o o o u u r r s s e e l l v v e e s s a a n n d d w w e e w w o o u u l l d d h h a a v v e e i i n n s s p p i i r r e e d d o o t t h h e e r r s s w w h h o o , i i n n t t h h e e p p a a s s t t , h h a a d d l l o o o o k k e e d d t t o o u u s s a a s s a a b b e e a a c c o o n n o o f f a a w w o o r r t t h h y y f f u u t t u u r r e e . I I n n s s t t e e a a d d , w w e e a a r r e e l l o o s s i i n n g g o o u u r r w w a a y y b b o o t t h h a a t t h h o o m m e e a a n n d d a a b b r r o o a a d d . n INTERNATIONALNEWS S ECRETARY OF STATE Hillary Rodham Clinton delivers her speech on Internet Rights And Wrongs: Choices & Challenges In A N etworked World y esterday. (AP

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L OCAL NEWS P AGE 12, WEDNESDAY, FEBRUARY 16, 2011 THE TRIBUNE T O DISCUSS ST ORIES ON THIS PAGE LOG ON TO WWW.TRIBUNE242.COM BAYSTREETBLAZE: THEAFTERMATH PHOTOS/ JESSICAROBERTSON SCENESOF DEVASTATION after Mondays blaze which gutted the Betty K Agencies Ltd building.

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SECTIONB business@tribunemedia.net WEDNESDAY, FEBRUARY 16, 2011 THETRIBUNE $4. 68 $4. 51 $4. 69The information contained is from a third party and The Tribune can not be held responsible for errors and/or omission from the daily report.$ $4.75 $4.77 $4.69 By NEIL HARTNELL T ribune Business Editor Grand Bahama Power C ompanys 80.4 per cent majority owner yesterday told Tribune Business it planned to invest signifi-c antly more than the previously announced $35 million power plant to turn thec ompany around, adding that it wanted the utility to b e a leader in the Caribbean for low cost and reliable electricity. While unable to g ive specifics as details were still being worked out, Ray Robinson, Grand BahamaP ower Companys newlyappointed executive chairman, said Canadian power giant Emera was fully com-m itted to making the necessary investment to rebuild the utility from theg round up. Power firm investment much more than $35m n New Grand Bahama Power executive chair says m ajority owner wants it to be leader in the C aribbean for low cost and reliable electricity n Sees role as catalyst for islands economy, pledging turnaround will see lower prices and more reliable supply n Acknowledges firm needs to be rebuilt from the ground up n oo may cooks in the kitchen before Marubeni bought out S EE page 2B RAY ROBINSON By NEIL HARTNELL Tribune Business Editor While some $35-$40 million worth of Bay Street property/real estate was destroyed in the Valentines Day Fire, the Downtown Nassau Partnerships cochairman yesterday said it could be a sort of blessing in disguise for the citys revitalisation, acting as a catalyst to redevelop the affected area into the envisaged Living Waterfront. Vaughn Roberts told Tri bune Business that, once the dust settles and property/business owners complete their damage assessments, they and others could focus on the spirit of the revitali sation and move forward in earnest on downtown Nassaus long-awaited and planned redevelopment. He acknowledged that much depended on the plans of the Betty Kelly-Kenning estate, owner of the Betty K shipping companys prop erty, which was the major real estate holding impacted by the fire and also one accounting for a significant chunk of the waterfront that BLESSING IN DISGUISE DESPITE $35-$40M LOSS Downtown Nassau Partnership chief expresses hope fire may act as catalyst to move forward in earnest with citys redevelopment GUTTED: Fire caused millions of dollars of damage to downtown Nassau. SEE page 3B B y NEIL HARTNELL Tribune Business Editor G rand Bahama Power Company and its 80.4 per c ent majority owner will look at every renewable energy technology for pos-s ible inclusion in its future electricity generation, Tri bune Business was told yesterday, as it currently explores the economic via b ility of wind power. Ray Robinson, Grand Bahama Powers newlyappointed executive chairman, said that while datac ollected over a two-year period suggested the island was not an incrediblew ind region, there were signs that it could be econ omically viable and part of the future energy gener ation portfolio. O ther possibilities included biomass, wasteto-energy and wave/tidal power, and Mr Robinson pledged: There is nor enewable energy technology that we are not looking at. He added: We have been collecting wind dataf or nearly two years on this island, and have a good bit of it. Its not an incredible wind region, but we think we can economically devel op wind power and that it can be part of the portfolio going forward. Mr Robinson said Grand Bahama Power Company thought it had found a good one in terms of a wind turbine supplier, giv en that the design was hur ricane resistant, and was now going through the technical checks and due diligence with the prospective supplier. Were overlaying the wind data with our electricity data, matching the right power curve to the wind experience in Grand Bahama, and running financial models to see how we can economically produce wind on Grand Bahama, Mr Robinson said. The company, he added, was still assessing the best sites upon which to locate the wind turbines. One of the things were POWER FIRM EYEING ALL RENEWABLE ENERGIES Grand Bahama not an incredible wind region, but still economically viable Power firm pledges: There is no renewable energy technology that we are not looking at SEE page 2B By NEIL HARTNELL Tribune Business Editor A leading Bahamian aviation executive last night urged the Government to include a grandfathering or transition period in the amended Civil Aviation Safe ty regulations, explaining that their immediate implementation could leave up to 70-80 per cent of this nations pilots flying without a licence. Captain Randy Butler, chief executive of Sky Bahamas, told Tribune Business that while he and other operators backed the new regulations, their enforce ment could potentially wreak havoc on the sector as, withREGUL ATIONS CAUSE PILO T LICEN CE FEAR Government urged to implement grandfathering or transition period on Civil A viation regulations SEE page 2B By NEIL HARTNELL T ribune Business Editor A leading insurance agent yesterday told Tribune Business that Scotiabanks group homeowners insurance arrangement with J. S. Johnson had a pretty significant impact on its business last year, with several clients lost to the banks determination to protect its mortgage portfolio. Warren Rolle, managing director of Nassau Underwriters Association (NUA Bahamas First, said it was having to be very proactive in dealing with homeowners insurance clients holding Scotiabank (Bahamas received early to prevent the bank from placing them on the J. S. Johnson policy. Questioning why the bank did not allow mortgage clients to remain with their existing agent or broker, Mr Rolle told Tribune Business: Weve lost a few clients. I think last year that it was a pretty significant impact. I havent quantified it in terms of numbers, but Ive asked someone to keep a track of that. The NUA managing director said he understood Scotiabanks concern to ensure all its mortgage exposures whether residential or commercial were fully covered by insurance, in case they were wiped out by a hurricane or some other catastrophe, but added that he and other agents/brokers harboured reservations about how this was Significant loss to agent via Scotiabank insure policy SEE page 4B

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B y KIM WELCOME T h e way your staff answers the phone maya ctually hurt your business. Your advertising, sales representatives,r eferrals etc, all help to form an image of your company i n the mind of the client. That image can be d estroyed in five seconds just by the way your telephone is answered. There is a right and wrong way to answer the phone. However, most staff have never beent rained, as many employers assume they know. There a re a number of components t hat constitute a polished sound. One is to pause whate ver you are doing and take a breath before answering. You should never sound like youve been interrupted. A lack of enthusiasm conveyed by your staff is alwaysd isenchanting for someone who is inquiring about a product or service to purchase, now or in the future.B uyers are inevitably turned off by sales or customer ser-v ice representatives that e ffect an air of couldnt care less. The average business only hears the complaints of4 per cent of their unhappy c ustomers; the rest just do not return. Whenever a prospective buyer asks a question, thisi s an open door to engage them, and a golden opportunity to enable them to solve their problem. If youa sk the right questions, you p osition yourself and your company as the experts in the field. Staff may be perceived as cold. Customer care research has shown that 68 per cent of the clients you may have lost left because o f an attitude of indifference conveyed by employees. They want to feel they are your number one priority. There are many ways to make your customer feel s pecial. One is to refer to them by name whenevera ppropriate, especially those who do business with you often. Everyone likes to hear their name, so try tof ind opportunities to address them by theirs. This has been proven to help build customer loyalty. Poor business etiquette is sometimes the most inadvertent way to turn off a customer or client. It is often j ust small details in this area that tend to alienate poten-t ial buyers. Have you ever walked into an office and had to wait for 30 seconds ( this is the length of a television commercial), while t he receptionist finishes telling her co-worker a stor y? It is never wise to assume your staff know ther ules of business etiquette. Invest in valuable training. E motions can get in the way of professionalism. Everyone has the occasional bad day, but no company c an afford to have the negative moods of their staff seep i nto the clients experience. Unfortunately, without all the background information, the client may just assume your staff is aloof, abrupt or unprofessional. There are ways to keep negative emo tions from leaking into your v oice. Actors practice these techniques all the time. Lack of empathy from a company with whom oneh as spent money doesnt feel g ood when you have a problem. However, the benefits o f a well-trained customer service representative can have immeasurable rewards for a company. The proper use of tone, inflection and volume can be learned toc onvey the empathy neede d to subdue the disgruntled. The customer may not always be right, but it does-n t benefit your company when your representativeg oes out of their way to p rove them wrong. NB: Kim Welcome is chief executive of Influen-t ial Voice. A xommunication trainer and coach, she assists businesses and individuals to achieve their goalst hrough helping them to d evelop deliberate, skillful, polished communication s kills. For more info www.influentialvoice.com BUSINESS PAGE 2B, WEDNESDAY, FEBRUARY 16, 2011 THE TRIBUNE TO DISCUSS STORIES ON THIS PAGE LOG ON TO WWW.TRIBUNE242.COM e Board of Directors of FamGuard Corporation Limited is pleased to advise that the fourth quarterly dividend for 2010 of 6 cents per share has been declared to be paid on March 2, 2011 to Shareholders of record as at February 23, 2011FAMGUARD CORPORATION LIMITEDThe parent holding company of Family Guardian Insurance Company Limited BahamaHealth Insurance Brokers & Benet Consultants Limited FG Insurance Agents & Brokers Limited FG Capital Markets Limited FG Financial Limited K IM W ELCOME TALKING TIPS How bad communication kills your firms business doing is a long-term system development plan, MrR obinson told Tribune Business. Technology There is no new renewable energy technology were not looking at. Theres a wealth of new renewable technology that may end up being part of the generation portfolio over time. Were looking at any number of these. Mr Robinson said Grand Bahama Power Companys review analysis of these renewable energy technologies was likely to be completed later in 2011. POWER FIRM EYEING ALL RENEWABLE ENER GIES FROM page 1B out a valid licence, Bahamian pilots would be unable to fly on both domestic and international routes. Of particular concern, he explained, was the new requirement that all pilot licences expire within 24 calendar months from the date of issuance. In the absence of any grandfathering clause of transition period, Mr Butler said all pilots with a licence issued before 2009 could effectively be prevented from flying until they renewed this. He added that the majority of industry licences, based on his experience, were issued in the 2000-2004 period following the last amendments to the Civil Aviation Safety Reg ulations in 2001. Captain Butler estimated that some 70-80 per cent of Bahamas-based pilots could be in this situa tion. Licences Pilot licences expire in 24 c alendar months from the d ate of issuance, he told Tri bune Business. Im flying, and all of a sudden I dont have a valid licence. Questioning whether Civil Aviation had enough personnel to rapidly process licences, Captain Butler added that cabin crew were now also required to be licensed overnight, another potential industry impediment if the regulations were implemented immediately. The regulations are a good thing. Its a good thing that theyre in. The process and way theyre being implemented is going to be a problem, Captain Butler told Tribune Business. If they do enforce them, if a pilot does nt have a licence he shouldnt be flying. Can they put in a transition period or say theyre going to give us time to come into compliance? The old reg ulations gave us 12 months, with pilots having two months to come in and get their licences renewed. Power firm investment much more than $35m Describing the current level of powe r outages and blackouts on Grand B ahama as absolutely unacceptable, Mr Robinson said Emera would make a vailable all the resources required financial, managerial and technical -t o turn the monopoly electricity supp lier, which has 19,000 total customers, around. P ledging that the short-term goal was to stabilise the operation, name ly the reliability of Grand Bahama Power Companys infrastructure and power supply, plus also the tariff rates levied on consumers, Mr Robinson said Emeras buyout of former majority owner, Japanese conglomerate Marubeni, had made the decision-mak ing and implementation process much easier. Interested We continue to be very interested in the Caribbean, but particularly in the Bahamas, and especially and currently, Grand Bahama and Grand Bahama Power Company, Mr Robinson said of Emeras Caribbean focus, its investments also including St Lucia and Barbados. Grand Bahama is so poised, has so much going for it, and theres so many opportunities. We just hope that if we can do what needs to be done, we can be a catalyst to get Grand Bahama to the place it should be. Indicating that Grand Bahama Power Company was Emeras immediate focus in its Caribbean portfolio, Mr Robinson said this was not due just to his focus and presence here. We are making available to Grand Bahama Power Company all the resources required to turn the operation around, he added. It took an awful long time to get to the state its in, and it will take an awful lot of focus, effort and determination to get it to the state it should be in. The founda tional things need to be re-established. Dividing Emeras plans into short, medium and long-term goals, Mr Robinson said the immediate focus was on restoring stability to Grand Bahama Power Company, ensuring reliability of operations and the power supply. Rate stabilisation was also a priority. Customers want affordable and reliable power. They want their lights to come on when they turn them on, the executive chairman added. We intend to lower the costs of electricity over time if we can put in the right investment and the right regulatory regime. I dont want to be over-dramatic, but were really going to have to rebuild the utility from the ground up........ but weve got the determinationt o do it. Ultimately, it [Grand Bahama Power Company] is going to be a leader in the Caribbean so far as low costs and reliability of electricity. A sked about the status of plans to construct a new $35 million power plant for Grand Bahama, a project announced when Marubeni was bought out, and which was supposed to start earlier this year, Mr Robinson said thep ower company was in active commercial negotiations on this and would release details once they were tied down. Ultimately, its going to be a much more substantial investment and instal lation when its announced, Mr Robinson said, confirming when asked by Tribune Business that the level of investment would be significantly more than the initially touted $35 million. This, he added, related directly to the need to lower power rates and ensure reliable, consistent electricity supply, something Grand Bahama businesses and residential customers could not necessarily count on when needed. Im hoping that what we can do, if we make the right investment, is lower the cost of electricity to the investor community to make them more competitive and bring more industry to Grand Bahama, Mr Robinson told Tribune Business. If, by lowering power costs, Grand Bahama Power Company attracted more investment and business to the island, the executive chairman said it would be a win-win for all concerned, since more commerce equalled more electricity customers, while the greater volume lent scope for further tariff cuts. That kick starts everything, and we think we can be part of the catalyst to turn this economy around, Mr Robin son said. Certainly, our focus is to do the right thing and bring rates down over time. The next 18 months are going to be challenging, but after that we will be on the right path. While Emera was effectively dissecting the carcass of the existing Grand Bahama Power Company, Mr Robinson said rate reductions can only come after new and more efficient generation plant is on the island, and that takes time. Were committed to making that investment and getting to a better place. He pointed out that Grand Bahama Power Companys steam plant and combustion turbines had enjoyed a l ong life, and it was now time to replace them. Mr Robinson also explained that Emeras $82 million acquisition of m ajority control had given it control over how Grand Bahama Power Com pany was operated and managed, something it lacked as a 25 per centm inority investor. When youre a minority investor you can articulate your views but not have more leverage than that, he told Tribune Business. We were trying to work and collaborate with the shareholders and partners, and it came to the point where there were too many cooks in the kitchen and something had to give. He added, though, that no one went away from the deal unhappy. Investment Emera's $82 million purchase of Marubeni's stake valued 100 per cent of Grand Bahama Power Company at just over $148 million, and took its total investment in the monopoly power provider to $123 million, having spent $41 million on acquiring the 50 per cent ICD Utilities interest previously held by Lady Henrietta St George. The remaining 19.6 per cent stake in Grand Bahama Power Company is held by the Bahamian institutional and retail investors in ICD Utilities, yesterday's deal valuing their collective stake at $29 million. Mr Robinson has been working on Emeras Caribbean business for some time, having previously spent three years as president and chief executive of its Bangor Hydro Electric Company, in Maine, serving over 117,000 customers. He has also served terms as presi dent of Emera Utility Services, and as a member of the joint owners commit tee of Bear Swamp Power Company. Prior to Emera, Mr Robinson was the president and chief executive of Yukon Energy Corporation, as well as holding various senior positions at West Koote nay Power and Nelson Hydro in British Columbia, St Catharines Hydro and Canadian Niagara Power in Ontario, Bowater Mersey Paper Company in Nova Scotia and the City of Calgary Electric System in Alberta. Mr Robinson will oversee the new diesel plant construction, which will include a comprehensive technologytraining plan for Bahamians, similar to a technical academy. Emera described this as a first in the Bahamas and Caribbean. FROM page 1B REGULATIONS CAUSE PILOT LICENCE FEAR FROM page 1B RANDYBUTLER

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would be freed up anyway c ome May 2011 when the freight firms move to the n ew Arawak Cay port. Telling Tribune Business he understood that the e state had been seeking to sell the property for a price between $10-$12 million anyway, given that Betty Ks impending May 7 movew ould leave it without a ten a nt and rental income, Mr Roberts said he suspected it w ould continue to seek a buyer. The real question, he a dded, was whether the fire and loss of the buildings themselves would devalue the real estate in the eyes ofany potential purchaser, and w hether the estate would realise a lower purchase price as a result. Theres clearly an incen tive for the redevelopment o f that entire area, but the big question is the owners of Betty K and what theyare going to do and, if theyre going to sell, how quickly it goes on the market, Mr Roberts told Tribune Business. Juan Bacardi, head of the Bristol Group of Companies, which operated the Bacardi store on the cornerof Bay Street and East Street, told Tribune Business in an e-mailed note that the company would recon struct the retail and keep pushing ahead. The Bristol Group was currently assessing the damage to the store, but added that the structure seems secure and most of the damage appeared to be smoke and water-related. Noting that at least four other property owners had been impacted by the fire,Mr Roberts said the DNP would seek to exercise some influence over the areas redevelopment and its implementation, and added: Were trying to beas influential as we can, but obviously as sensitive as we can in terms of organisingt he property owners with regard to the vision for that area. Valued The DNP managing direc tor said that if the Betty K b uilding was being valued by its owner at $12 million prior to the fire, the other damaged buildings were col lectively probably around d ouble that, taking the total value of impacted property/land to between $35-$40 million. And that, he acknowl edged, did not include all the lost inventory, including the freight sitting in Betty Ks warehouse, plus revenues lost by the retailers in the burned building and surrounding area. Yet, turning to the positive, Mr Roberts told Tribune Business: Im hopeful that once the dust settles it [the fire] becomes a catalyst for a focus on that area. If you look at what the Klonaris brothers have done in their project at Elizabeth on Bay, the property that was damaged by the fire ties in the core of the city to the Klonaris project. That block is still very valuable, and through very quick development of the properties damaged fire it could link the core of the city and expand it east to Elizabeth on Bay. While requiring some coordination, Mr Roberts said such development would be consistent witht he vision for the waterfront, since the Betty K property stood at the hearto f a 40-acre section on Nassau Harbour that has been e yed for transformation into an area filled with retail, restaurant, condo and oth e r attractions a Living Waterfront, once the shipping companies are gone. The DNP managing direc tor said the heavy trucks c onstantly pulling in and out of the Betty K property had negatively impacted shopper traffic moving east on Bay Street past the EastS treet junction. Im hopeful it is a sort of blessing in disguise, Mr Roberts told Tribune Business of the fire. The valueo f the properties that could be sold may be significantly reduced, and that shouldh elp someone to come in and redevelop it. Its a critical part of the 40 acres, and is close to the cruise port, with 2.5 million passengers coming in every year. The closer to the port, the more valuable the real estate becomes. Clearly, downtown is still open for business. There is still a lot of retail activity, cruise ships coming in, and the retail operators are very resilient. The downtown retail community is the best in class in terms of retail in this country, and theyll use this as an opportunity to get excited about what they want for the city in the future, and focus our development efforts in a new way. Mr Roberts added: Im very optimistic that the majority of property owners, retailers and investors, after taking time to assess the situation, will get the energy together to move forward. The area is part of the 40 acres intended to be redeveloped, and hopefully it causes that to happen in earnest. Thats certainly the mes sage wed like to get out there; take the time to assessa nd do the clean-up, but also focus on the spirit of the revitalisation. O ther affected property owners are the Pritchards, o wners of the former John Bull store; the Bacardi company; and the Berdanis fam i ly, owners of the building that housed their Venue store. BUSINESS THE TRIBUNE WEDNESDAY, FEBRUARY 16, 2011, PAGE 3B TO DISCUSS STORIES ON THIS PAGE LOG ON TO WWW.TRIBUNE242.COM Blessing in disguise despite $35-$40m loss FROM page 1B VAUGHN ROBERTS DEVASTATION: Scenes from the downtown fire. PHOTOS: Tim Clarke /Tribune staff BATTLING: Fire-fighters tackle the flames with water jets. RAGING: Fire rear up from the downtown buildings.

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DAVID KOENIG, AP Airlines Writer DALLAS Major U.S. airlines are raising the price of some tickets favored by business travelers again, this time byu p to $120 per round trip. Fare experts said Delta started the latest increase on Monday, which was matched immediately byA merican and a day later by United, Continental and US Airways. It's the second big i ncrease in fares in as many weeks. The airlines' fuel p rices have risen 50 percent over the past year. They eliminated many flightsw hen they were losing mon ey in 2008 and 2009, which has given them the power to raise fares now that planes are more crowded and trav-e l demand is rebounding. JP Morgan analyst Jamie Baker said it made sense for the big airlines to target cor porate travelers, who are considered less sensitive to price increases. He said air lines may have raised vacation fares as high as they can without causing a loss of revenue presumably by driving away budget-conscious customers. American Airlines spokesman Ed Martelle said the increases covered firstclass, business-class and 7day advance-purchase tickets. Flights up to 500 miles (800 kilometers ed $20 each way, those from 501 to 1,500 miles (2,400 k ilometers) were raised $40 each way, and flights longer t han 1,500 miles increased by $60 each way, he said. "We're responding to the D elta initiative," Martelle said when asked why American, a unit of AMR Corp., was raising prices. Delta Air Lines Inc. conf irmed the fare hike but declined to give a reason. United and Continental confirmed that they too raised prices. US Airways didn't respond to messages. Last week, United and Continental, owned by United Continental Holdings Inc., led an increase of $20 to $60 per round trip on pricey tickets typically bought by business travelers. Delta and American both matched that hike last week. Rick Seaney, CEO of FareCompare.com, said that like last week's increase, the Delta-led boost on Monday was aimed mostly at highend fares about $800 per round trip that typically are bought by corporate travelers, not vacationers. Baker said low-fare airlines wouldn't be able to block this increase because the tickets are sold at prices far higher than the discount carriers were already charging. Airlines also claim that demand for leisure travel will be hurt if passenger fees for security and airport improvements are raised, as President Barack Obama proposed in his budget this week. The proposed increases would add a few dollars per flight to the cost of a ticket, but Baker said it could reduce revenue especially at airlines such as Southwest, which cater to price--conscious travelers. BUSINESS PAGE 4B, WEDNESDAY, FEBRUARY 16, 2011 THE TRIBUNE TO DISCUSS STORIES ON THIS PAGE LOG ON TO WWW.TRIBUNE242.COM 5HTXHVWIRUURSRVDOV ,QWHUQDO$XGLWHUYLFHV7KH8WLOLWLHV5HJXODWLRQDQG&RPSHWLWLRQ$XWKRULW\&$f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hoto/Ted S. Warren, file RISING FARES: In this file photo taken Dec. 27. 2010, travelers check-in at a Delta Air Lines counter at Seattle-Tacoma International Airport, in Seattle. Delta is opening earnings season for airlines with a $19 million profit for the fourth quarter. Delta and American boost some air fares by up to $120 MARCO CHOWN OVED, A ssociated Press ABIDJAN, Ivory Coast At least one major bank says it has shut its doors amid Ivory Coast's political crisis, spreading fears of cash shortages in the increasingly isolated west African nation after the incumbent president refused to step down. The BICICI, a local subsidiary of France's BNP Paribas bank, said it had temporarily suspended all Ivory Coast operations in a statement published on its website Monday. "We are no longer capable of assuring that our activities are carried out with sufficient judicial and financial security for our clients, nor physical security for our employees," the statement said. Tuesday is a national holiday in Ivory Coast, so the number of banks that had closed could not be determined. But a bank official, who asked to not be identified because he is not authorized to speak to journalists, said more banks would close during the coming week. Officials condemned the measure on state television Monday evening, saying BICICI and U.S. bank Citibank were punishing the Ivorian people by closing. Citigroup said in a statement its offices in the Ivory Coast w ere closed Monday "in light of recent developments," and remained closed during the holiday on Tuesday. "We continue to monitor the situation closely, remaining in c ontact with our employees, whose safety is our paramount concern, and our clients, who we are working with through t his difficult situation," the statement added. West African r egional bank Ecobank has shut down its automatic banking machines, but employees at several locations said it was because of computer problems. Justin Katinan Kone, the budget minister i n the government of incumbent leader Laurent Gbagbo, accused the BICICI of timing the closure to coincide with the p ayment of public service salaries, but assured Ivorians that "every measure has been taken with other banks to assure the payment of salaries and the continuity of bank services." BANKS CLOSE AMID POLITICAL CRISIS IN IVORY COAST being implemented. If mortgage clients fail to produce an underwriting schedule, or some confirmation that the homeowners insurance premi um has been paid and renewed by the due date, Scotiabank is now immediately placing them on its group policy with J. S. Johnson. The clients premium payments are then added to their mortgage. Mr Rolle said Scotiabank had informed him that the group policy was easier to administer than allowing clients to remain with their existing insurer, with the bank paying the premium on their behalf, although he doesnt see that necessarily being the case. Theyre doing a cheque to J. S. Johnson, but could do a cheque to us just as easily. A lot of clients are upset about it, because they prefer to do business with a company theyve done business with for many years. Why not deal with the company that has held the insurance for a number of years? What is the incentive for them to push it to one company, rather than another, Mr Rolle asked. Several insurance industry executives have suggested that J. S. Johnson paid a commission or finders fee to Scotiabank in return for the group business, but this has been vehemently and repeatedly denied by both the insurance broker and the bank. This would be illegal under the new Insurance Act. Yet Mr Rolle is far from alone in his concerns. Another Bahamas-based insurance broker, speaking on condition of anonymity, told Tribune Business that Scotiabank was being incredibly heavy handed in its approach, and was now requiring mortgage clients to write to the bank confirming they wanted to maintain their existing insurance arrangements rather than go with J. S. Johnson. Theyre doing everything possible to push business to J. S. Johnson, the broker complained. Something is highly incen tivising these Scotiabank managers to try and move this business. Tribune Business had been told by insurance industry sources that Scotiabank (Bahamas insurance brokers/agent licence for itself for some time, but had been told by the Insurance Commission of the Bahamas it would not be forthcoming. Such a licence would have brought Scotiabank (Bahamas an equal footing with Canadian-owned rivals FINCO and First Caribbean International Bank (Bahamas insurance licences, but small Bahamian brokers have long feared such a development would be anti-competitive and squeeze them out of the homeowners market. Meanwhile, Mr Rolle told Tribune Business: We have to be very proactive in our approach to Scotiabank mortgagees, contacting the client early and getting them renewed to avoid policies being placed with J. S. Johnson. While the Bahamas Insurance Brokers Association (BIBA and Scotiabank had worked out protocols for the treatment of the banks mortgage clients, including when renewal notices were to be sent out and how/when its client processing unit was to be notified premiums had to be paid, Mr Rolle said the sit uation was ongoing. Were trying to abide by them to avoid losing any more business, he added of the protocols. Barry Malcolm, Scotiabank (Bahamas explaining the rationale for the policy, previously told Tribune Business that with a mortgage portfolio easily in excess of $1 billion it needed to protect its assets, and the investment made by Bahamian homeowners, from exposure to hurricanes and other catastrophe perils if the latter were unable to pay the annual property insurance premium. "We shopped around for quite a while, and J. S. Johnson came up with the best numbers. We had to do it; the exposure is enormous. If we had a huge hit from a major hurricane, and 10 per cent of our mortgage portfolio was uninsured, we'd be toast. I can now sleep at night, he said. Given a mortgage portfolio worth $1 billion-plus, if 10 per cent of its mortgage portfolio was uninsured and totally wiped out by a major storm, Scotiabank (Bahamas ly lose some $100 million worth of assets. Significant loss to agent via Scotiabank insure policy FROM page 1B INTERN ATIONAL BUSINESS INSIGHT For the stories behind the news, read Insight on Mondays

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DAVID K. RANDALL, AP Business Writer NEW YORK T he parent company of the New York Stock Exchange has agreed to be acquired by the operator of the Frankfurt stock exchange in a deal that will create the world's largest financial markets company. The new company, a com b ination of NYSE Euronext Inc. and Deutsche Boerse, would have dual headquarters in Frankfurt and New York. The companies didn't say what the new company would be called. The deal announced Tuesday must still be approved by shareholders and regulators. NYSE Euronext's CEO Duncan Niederauer will be chief executive, and Deutsche Boerse' CEO Reto Francioni will become chairman. The new company will own exchanges in New York, Frankfurt, Paris, Amsterdam and other cities that will con tinue to operate under their existing names. Deutsche Boerse shareholders will own 60 percent of the new company, while shareholders of NYSE Euronext will own 40 percent, valuing NYSE's parent company at about $10 billion. The combined company will be worth $25 billion, according to Sandler O'Neill analyst Richard Repetto. A new holding company based in the Netherlands will hold the assets of Deutsche Boerse and NYSE Euronext. Deutsche Boerse shareholders will get one share in the new company for each share they own, while NYSE Euronext shareholders will get 0.47 of a share. New York Senator Charles Schumer said the name of the new exchange remains a concern. In a statement released after the merger was announced, Schumer said there was no reason NYSE "shouldn't come first in the new exchange's name." He also seemed to issue a veiled threat. Any name that puts NYSE second "could have negative consequences" for the merger. Niederauer told reporters at a morning news conference that the companies expected to announce a name for the new company in a month or two. "It's an emotional decision for everyone, let's just be honest here," Niederauer said. "Brands are always an emotional decision. There's a lot of national pride, particularly with the businesses we operate." Owners of traditional stock exchanges have been combining for several years to save costs as competition mounts from new computerized stock exchanges with names like BATS and Chi-X. The NYSE Group, operator of the New York Stock Exchange, bought Euronext for $10.2 billion in 2007, beating out a rival bid from Deutsche Boerse. That deal remains the largest cross-border merger of exchanges, according to Thomson Reuters. The combined com pany handles stock and derivative markets in Amsterdam, Brussels, Lisbon and Paris as well as the NYSE Liffe derivatives market. Deutsche Boerse, whose predecessor was founded in 1585, operates the stock mar ket in Europe's largest economy. It also runs Europe's largest derivative exchange, the Eurex. The deal is expected to lead to $400 million in savings, mainly from technology and clearing costs. It will also give the combined company a larger footprint in the lucrative business of trading in futures and options contracts. The largest exchange owner in the U.S. is currently the $20 billion CME Group Inc. CME runs the Chicago Mercantile Exchange, where wheat, corn and pork belly futures are traded, as well as a number of other exchanges. Shares of both companies fell after the deal was announced. NYSE Euronex t's shares fell 3.2 percent in New York, while Deutsche Boerse's fell 2.4 percent in Frankfurt. NYSE shares had jumped 14 percent February 9 after press reports that it was in talks with the German company. BUSINESS THE TRIBUNE WEDNESDAY, FEBRUARY 16, 2011, PAGE 5B TO DISCUSS STORIES ON THIS PAGE LOG ON TO WWW.TRIBUNE242.COM DANA WOLLMAN, AP Technology Writer NEW YORK Apple Inc. announced a subscription system for buying newspapers and magazines on iPhone and iPad applications on Tuesday, making it easier for publishers to mine the popular mobile devices for more revenue. The update announced Tuesday enables publishers to sell subscriptions by the week, month, year or other period of time, instead of asking readers to buy each issue separately. The added convenience promises to help publishers sell more digital copies as they look to smart phones and tablet computers to replace some of the revenue that has disappeared over the past few years as readers and advertisers migrated from print editions. B ut publishers won't be allowed to automatically collect p ersonal information about people who buy subscriptions t hrough the Apple apps. That data is prized for marketing purposes. Instead, subscribers who sign up through an app on an Apple device will be given the option to share their information with publishers, a choice most people don't make. If people don't share their information with publishers, Apple will still hold onto it, though it will not pass it on to third parties. Apple will also take its standard 30 percent cut from all app and content sales made in its iTunes store, which peddles a vari-ety of music, movies, games and e-books. This new subscription system also applies to video and music services for instance, the app for Netflix. C ontent providers that don't want to automatically give Apple a slice of the revenue can try to sell subscriptions outside the app, too. One way to do that would be through the Web browser, although that might prove too much of a hassle for people already used to buying apps, music and other things on iTunes. Apple is insisting the financial terms of the digital subscriptions sold outside the app be no better than those offered in the iTunes store. And people must have the option to buy subscriptions within iTunes, if they want. "We believe that this innovative subscription service will provide publishers with a brand new opportunity to expand digital access to their content onto the iPad, iPod touch and iPhone, delighting both new and existing subscribers," Apple CEO Steve Jobs said in a statement. Jobs, a cancer survivor, ison medical leave but continues to serve as chief executive. Apple's new subscription policy follows News Corp.'s launch of the first iPad-only newspaper, The Daily, earlier this month. Its subscribers are charged through iTunes, making it the first iPad app to take advantage of this subscription feature. More newspapers are focusing on digital devices because their biggest source of revenue, print advertising, has plunged during the past four years. Digital advertising has been steadi ly rising, but those increases have only made up for a fraction of the losses on the print side. Subscriptions to print editions also have been dropping in recent years as more people turned to the Web to get news and other information for free. In stark contrast to publishers, Apple has been thriving. The company, based in Cupertino, Calif., generates more than $65 billion in annual revenue and boasts a market value of $330 bil lion second only to Exxon Mobil Corp. among U.S. com panies. Apple now sees an opportunity to get even richer from these so-called in-app purchases. As part of its effort to ensure it getsa cut, Apple recently rejected Sony Corp.'s e-book reader app for the iPhone because it doesn't give people the chance to buy books without leaving the app for a website. By insisting on an in-app purchase option, Apple believes it is making sure people using its gadgets get a familiar experience every time they buy something a new level of a video game or a new issue of a magazine through an app. Until recently, Apple has not enforced this rule universally. JANE WARDELL, AP Business Writer LONDON The Bank of England's credibility was called into question on Tuesday after official data showed that inflation surging well above the central bank's stated target. Britain's Office for National Statistics revealed that the country's key inflation rate rose to 4 percent in January, double the official target and prompting a public explanation from bank governor Mervyn King. King and a number of other policymakers on the bank's nine-strong Monetary Policy Committee have insisted the stubbornly high cost of living is due to temporary price shocks, such as soaring global commodity prices, a fall in the value of sterling, and a rise in sales tax last month. Prices are continuing to rise even as the economy struggles gross domestic product shrank by 0.5 percent in the fourth quarter. At least two members of the committee, which got an advance glimpse of the inflation figures for last week's policy meeting, backed a modest hike in interest rates from a record low 0.5 per cent to 0.75 percent. But King and the majority argued that higher rates would be ineffective against the external factors driving the price rises. The Statistics Office said the largest factors in the latest increase were the higher price of oil and an increase in the broad-based sales tax from 17.5 percent to 20 percent. Excluding the tax hike, consumer inflation rose from 2 percent in December to 2.4 percent in January, partially backing King's stance. But Howard Archer, chief U.K. and European economist at IHS Global Insight, said the rise in inflation from 3.7 percent in December was a "kick in the teeth" for the central bank. "This level, and the prospect of further increases to come in the next few months, is increasingly testing the Bank of England's nerve and, an ever-increasing number of observers suggest, its credibility, over its argument that inflation will fall back under 2 percent in 2012." Neil Prothero, economist at the Economist Intelligence Unit, said blaming temporary factors for rising prices is "wearing thin." "A growing number of MPC members may be thinking the same thing," he added. King acknowledged in an open letter to Treasury chief George Osborne, which he is obliged to write when consumer inflation remains at 3 percent or higher for three consecutive months, that there "are real differences of views within the committee" about the medium-term outlook for inflation. WORLD NEWS NYSE Euronext combining with Deutsche Boerse Apple unveils iPhone, iPad subscription policy (AP Photo/Michael Probst,File BULLISH: In this Dec. 7, 2010 file picturea a bull statue stands in front of the German stock market, building at right, in Frankfurt, Germany. The parent company of the New York Stock Exchange says it has agreed to combine with the operator of the Frankfurt stock exchange, Deutsche Boerse. The deal announced Tuesday Feb. 15, 2011, will create the world's largest financial exchange owner. Deutsche Boerse shareholders will own 60 percent of the new company. Shareholders of NYSE E uronext Inc. will own the rest. The deal w ill give NYSE Euronext a larger footp rint in the more lucrative business of trading in futures and options contracts. The boards of both exchange owners signed off on the deal, but it must still be approved by shareholders and regulators. INTERNATIONAL BUSINESS BANK OF ENGLAND UNDER PRESSURE OVER INFL A TION

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BUSINESS PAGE 6B, WEDNESDAY, FEBRUARY 16, 2011 THE TRIBUNE TO DISCUSS STORIES ON THIS PAGE LOG ON TO WWW.TRIBUNE242.COM WASHINGTON China, the biggest buyer of U.S. Trea sury securities, reduced its holdings in December for the second straight month. China's holdings of Treasury debt dropped 0.4 percent to $892 billion, the Treasury Department said. China's ownership of U.S. government debt is slightly below the $895 billion it held a year ago. Overall, foreign holdings of Treasury securities rose 0.6 percent $4.37 trillion. That suggests overseas governments and private investors are still willing to buy U.S. government debt. The U.S. government is selling huge amounts of debt to finance record-high deficits. ___ WASHINGTON World Bank President Robert Zoellick says global food prices have hit "dangerous levels" that could contribute to political instability, push millions of people into poverty and raise the cost of groceries. The bank says in a new report that global food prices have jumped 29 percent in the past year, and are just 3 percent below the all-time peak hit in 2008. Zoellick says the rising prices have hit people hardest in the developing world because they spend as much as half their income on food. ___ BEIJING Spiraling prices have made the grocery store a scary place for Chinese shoppers. China's public is struggling with a months-long surge in food prices that has defied govern ment efforts to combat inflation. More sharp price rises are expected in coming months because China faces a problem it cannot quickly fix: Demand is outstrip ping food supplies, while high global commodity prices mean it can't fill the gap cheaply with imports. A double-digit jump in food prices pushed China's inflation still higher in January, adding to pressure on Beijing to cool living costs with more interest rate hikes and other measures. Consumer prices rose 4.9 percent, driven by a 10.3 percent jump in food costs. That was up from December's 4.6 percent rate and close to November's 28-month high of 5.1 percent. ___ BEIJING China says it has enough wheat reserves to weather a crippling drought as the country sought to allay concerns that a poor harvest will further push up global food prices. ___ NEW YORK The parent company of the New York Stock Exchange said it will combine with the operator of the Frankfurt stock exchange to create the world's largest financial markets company. The new company, a combination of NYSE Euronext Inc. and Deutsche Boerse, will have dual headquarters in Frankfurt and New York. ___ TOKYO Japan's central bank upgraded its assessment of the world's No. 3 economy for the first time in nine months amid an upturn in exports and production. It left interest rates unchanged near zero as expected. Japanese shares edged higher, with the benchmark Nikkei 225 stock average adding 0.2 percent to close at a 10-month high. Elsewhere in Asia, Hong Kong's Hang Seng dropped 1 percent, China's benchmark Shanghai Composite Index was virtually unchanged, South Korea's Kospi fell 0.2 percent, Singapore's Straits Times dropped 0.8 percent and Australia's S&P/ASX 200 slipped 0.1 percent ___ BRUSSELS Europe's recovery trudged along in the final three months of 2010, amid heavy snow in a number of countries and new spending cuts and tax increases across the single currency bloc. The 16 countries that were using the euro at the end of 2010 grew a modest 0.3 percent in the fourth quarter from the previous three month period, according to figures released by Eurostat, the European Union's statistics agency. ___ BERLIN Germany's surging economy slowed more than expected in the fourth quarter of 2010, posting a 0.4 percent gain on the previous quarter as a harsh winter hurt business. ___ LONDON Britain's key inflation rate rose to 4 percent in January, making it double the official target and adding pressure on the Bank of England to hike interest rates sooner than expect ed. ___ LONDON Stocks in Europe traded in narrow ranges after soft economic activity data combined with rising inflation indicators to keep investor sentiment in check. The FTSE 100 index of leading British shares closed down 0.4 percent, while Germany's DAX rose less than 1 percent and the CAC-40 in Paris ended 0.3 percent higher. ___ MADRID Spain paid lower interest rates as it raised 6.1 bil lion euros ($8.2 billion ___ LISBON, Portugal Portuguese train engineers went on strike, putting pressure on the government as it cuts pay and hikes taxes to tackle a debt crisis that is threatening to engulf the country. ___ ATHENS, Greece Greece's economy will shrink by about 3 percent or more this year, the central bank predicted, meaning the country would wallow in recession for a third straight year as it battles to recover from its devastating debt crisis. ___ BRUSSELS Export champion Germany said trade surpluses should not be targeted in the same way as deficits, a sign that the Group of 20 rich and developing countries are likely to clash over how to smooth out global imbalances when they meet this week. Like the G-20, the European Union is trying to even out trade flows, claiming that large surpluses by some eurozone nations helped fuel bubbles in deficit countries and contributed to the debt crisis that has crippled the region over the past year. ___ LONDON British bank Barclays reported that net profit rose by 36 percent last year as it took fewer charges for bad loans, and said it will be paying out less money in bonuses. ___ SINGAPORE Singapore's stock exchange tried to overcome resistance to its $8.3 billion takeover bid for the Australian stock market operator by promising equal representation for Australians on the board of the combined company. G LOBAL E CONOMIC N EWS A SSOCIA TED P RESS A look at economic developments and activity in major stock markets around the world Tuesday: E LENA BECATOROS, A ssociated Press ATHENS, Greece Greece's economy will shrink b y about 3 percent or more this y ear, the central bank predicted Tuesday, meaning the country would wallow in recession for a third straight year as it battles to recover from its devastating d ebt crisis. T he forecast came as transport workers took to the streets, with Athens' bus, metro, tram a nd trolleys grinding to a halt in a 24-hour strike to protest planned transit reforms aimed at cutting spending and waste. Greece avoided bankruptcy last year due to a three-year,e uro110 billion ($150 billion i nternational bailout loan package from other European Union countries using the euro and the International Monetary Fund. In return, the Socialistg overnment has been implementing unpopular austerity measures, including raising taxes, cutting public sector salaries a nd overhauling labor legisla t ion. Gross domestic product "is expected to fall by about 3 percent in 2011, without ruling out a larger reduction," theB ank of Greece said in its mon e tary policy report. The economy contracted 2.3 percent in 2009 and is projected to have fallen slightly moret han 4 percent last year. The government's austerity measures, which are essential if Greece is to continue receiv ing the quarterly bailout loans, h ave been widely unpopular. T he transit reforms aim to r educe spending and waste at G reece's loss-making public transport companies, but work e rs fear an erosion of their rights. About 2,000 strikers on motorbikes and scooters drove through central Athens, with hundreds stopping outside Parliament, where lawmakers were to vote on the bill Tuesday night. Banner Erecting a banner reading "hands off public transport", protesters set off firecrackers and waved placards calling for long-terms strikes. Riot police lined the edge of a n area outside the Parliament b uilding, but the rally was p eaceful. Public transport ticke t prices were raised up to 80 p ercent earlier this month as part of efforts to reduce the companies' losses. Labor unions have called a nationwide general strike next Wednesday. The Bank of Greece said the recession has particularly struck consumption and investment. "The uncertainty, the increasing tax burden, the fall in demand and the funding difficulties have led investments toa reduction that in 2010 might have surpassed 18 percent," it said. However, it indicated that growth was expected to recover due to structural reforms the government is pushing. Unemployment was also projected tor ise, and was estimated to have surpassed 12.5 percent in 2010, the Bank of Greece said. Greece has pledged to bring its budget deficit below the 3 percent eurozone limit, from 15.4 percent in 2009. The debtc risis, which broke out in late 2009, has left the country reliant on the IMF/EU bailout loans and essentially locked out of t he long-term international debt market, with investorsd emanding prohibitively high interest rates for its bonds. However, Greece has been able to tap the short-term mar ket with regular issues of treas ury bills. On Tuesday, Greece raised euro390 million ($524m illion) in an auction of 13week treasury bills, with the i nterest rate dropping slightly compared with a similar salel ast month, the Public Debt Management Agency said. The sale's yield stood at 3.85 percent, down from 4.10 per cent in a similar sale on Jan. 18, w hile the auction was 5.08 times oversubscribed, compared with4 .98 times in January, the agency said. O ver the weekend, a rift broke out between Greece andt he country's international creditors after IMF, European C ommission and European Central Bank representatives said Greece must privatize euro50 billion ($68 billion state assets by 2015. ( AP Photo/Petros Giannakouris) DEBTCRISIS: International Monetary Fund's Poul Thomsen, left, European Union's Servaas Deroose, cent er, and the European Central Bank's Claus Masuch leave after the end of a news conference in Athens, on Friday, Feb. 11, 2011. Greece's ambitious program to overcome its debt crisis has reached a "critical juncture" and faster structural reforms are needed, its international bailout inspectors said Friday. Officials from the International Monetary Fund, European Central Bank and European Commission said they will recommend that Greece receives the next installment of bailout loans. JANE WARDELL, AP Business Writer L ONDON Icelandic lawmakers are expected to this week approve the repayment of $5 billion to Britain and the Netherlands, potentially drawing a line under a long-running saga that caused political as well as f inancial friction between the three countries. The so-called Icesave bill is in Iceland's parliament for its third and final reading on Tuesday and a vote is likely on Wednesday. Lawmakers from all parties have indicated they will vote i n favor of the deal to repay funds that were lost when Internet bank Icesave collapsed in 2008. The Netherlands and Britain reimbursed their citizens' deposits in Icesave upfront and have been seeking repayment from Iceland ever since. A positive vote needs to be ratified by Icelandic PresidentO lafur Grimsson a requirement that killed off a previous d eal last year when he refused and instead sent the agreement to a national referendum where it was rejected. Grimsson has suggested he i s happier with the current deal, which relaxes interestr ates and allows a longer time for repayment. T he new agreement will see Iceland start repayments in 2016 and finish by 2046, at an i nterest rate of 3 percent to the Dutch and 3.3 percent to B ritain. An earlier Icesave agreem ent with a 5.5 percent interest rate was approved by Ice land's parliament, but vetoed by the president and subsequently rejected in a national r eferendum. Britain has been seeking 2.3 b illion pounds ($3.6 billion compensation and the Netherl ands ?1.3 billion ($1.7 billion). The deal is expected tocost Iceland just under 50 billion Icelandic kronur ($435 million). The recovered assets of Landsbanki, the parent of Icesave, are expected to covert he majority of the debt. A petition against the bill, w hich calls for Grimsson to again use his right of veto, hasso far garnered around 20,500 signatures, around 6 percent of the volcanic island's popu lation of just 320,000. Many Icelanders remain angry at Britain for invoking anti-terrorist legislation to f reeze the assets of Icelandic banks at the height of the cri sis. Iceland went from economic wunderkind to fiscal basket case almost overnight when the credit crunch took hold. After a decade of dizzyi ng economic growth that saw Icelandic banks and compan ies snap up assets around the world, the global financial crisis wreaked political and economic havoc. JOE McDONALD, AP Business Writer B EIJING Spiraling prices have made the grocery store a scary place for Chu Yun, a 27-year-old office clerk. "Prices for everything are going up and it seems it will never s top," Chu said as she hunted bargains in a supermarket. "I have no confidence prices can be brought under control this year. It hink they will keep going up." China's public is struggling with a monthslong surge in food p rices that has defied government efforts to combat inflation with interest rate hikes, price controls and a campaign to boost vegetable and grain output. On Tuesday, the government reported inflation accelerated in January, rising to 4.9 percent from December's 4.6 percent. Thatw as driven by a 10.3 percent jump in food costs amid tight supplies and strong demand. E conomists expect more sharp price rises in coming months because China faces a problem it cannot quickly fix: Demand is outs tripping food supplies, while high global commodity prices mean it can't fill the gap cheaply with imports. Inflation is unlikely to come down substantially in the first half of the year," said Mark Williams of Capital Economics. Analysts expect more rate hikes, but Williams said that on their own, "they aren't going to bring more crops to the market." Inflation is dangerous for China's leaders because it erodes e conomic gains that underpin the Communist Party's claim to power. And it hits the poor majority hardest in a society where mill ions of families spend up to half their incomes on food. That is politically awkward as Beijing tries to enforce stability a head of a once-a-generation handover of power next year to younger Communist Party leaders. Backdrop "The political backdrop of the transition is paramount in the pol i cymakers' minds," said Dariusz Kowalczyk, senior economist at Credit Agricole CIB. "They realize the poorer people who still are t he majority of China's population are hurt by inflation to a larg er degree than they benefit from growth." B eijing has tried to mollify the public by paying food subsidies to poor families, holding down prices in university cafeterias and ordering local leaders to see that vegetable markets have adequate supplies. It has tried to diffuse public frustration by claiming hoarding and price-fixing by speculators is partly to blame. B ut analysts say Beijing also failed to act quickly enough to head off inflation after it deflected the 2008 crisis by flooding the e conomy with stimulus money and bank lending. The economic rebound gave consumers more money to spend and banks arep umping out loans despite orders to curb credit. Beijing has raised interest rates three times since October, but e conomists say more rate hikes are needed and it will be months before the effect is seen. "It seems Chinese policymakers are behind the curve in fighting inflation," Kowalczyk said. "They have been too cautious." The headline inflation numbers hide even sharper increases in key items. In January, the price of fresh fruit soared by more than a third from year earlier, while eggs rose by a fifth, the National Bureau of Statistics reported. At the Xinya Shopping Center, a supermarket on Beijing's east side, the price of sugar is up 80 percent over a year earlier, while high-quality rice costs 65 percent more, according to manager Wang Yongyi. (AP Photo/Ng Han Guan TAKINGAREST: Shoppers rest after shopping at a supermarket in Beijing, China, Thursday, Jan. 20, 2011. China's economy accelerated in the last quarter of 2010 to expand a blockbuster 10.3 percent for the year as its communist leaders struggle to keep growth on an even keel while cooling surging prices. Chinese shoppers struggle with spiralling prices WORLD NEWS Greece to stay in recession for a 3rd straight year ICELAND'S PAYMENT DISPUTE WITH UK, DUTCH NEARS END

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BUSINESS THE TRIBUNE WEDNESDAY, FEBRUARY 16, 2011, PAGE 7B TO DISCUSS STORIES ON THIS PAGE LOG ON TO WWW.TRIBUNE242.COM CHRISTOPHER S. R UGABER, A P Economics Writers M ARTIN CRUTSINGER, AP Economics Writers WASHINGTON American businesses and c onsumers are giving the e conomy a boost by spendi ng more, but the troubled housing market remains an obstacle, new data show. Consumers bought more from retailers for a seventh s traight month in January. The gains came despite s nowstorms that limited spending from workers with more money in their paychecks from a Social Security tax cut. Businesses increased their stockpiles in every month l ast year, a sign that companies expect sales to remain h ealthy. Still, the view of the housing market among homebuilders hasn't changed in four months, suggesting weak home sales will drago n the economy throughout t he year. C hris Christopher, an e conomist at IHS Global Insight, said consumer spending will likely continue t o increase over the next few m onths. But he predicts it w ill happen more slowly t han at the end of last year, e ven with workers taking home more pay from the tax cut. "Winter storms, a poor housing market, rising gaso line and food prices, and lackluster employmentg rowth ... put a damper on things," Christopher said. Retail sales rose 0.3 per cent last month to $318.6 billion, the Commerce Departm ent said Tuesday. Sales have risen more than 14 percent from the recession lowi n December 2008. People spent more at d epartment stores and on electronics while also pay i ng higher prices for gas. Online sales increased at a healthy pace. Har sh S till, the harsh winter weather which brought many cities in the Southeast to a standstill for days slowed traffic at restaurantsa nd building supply stores. Americans also spent less on clothing and furniture. The snow slowed what was looking to be anothers trong month for car sales, which ended up rising only 0.5 percent after a 1.5 percent gain in December. Part of the overall retail s ales gain last month reflect ed higher gasoline prices. Sales at gasoline service sta-t ions climbed 1.4 percent. Excluding the rise at gas sta tions, retail sales would have r isen 0.2 percent last month. January is a time when stores clear out winter goods at deep discounts to maker oom for spring merchandise. It is the least important month of the year for retailers. Still, last months howed an underlying healthy consumer demand a s shoppers took advantage of clearance sales to replenish their wardrobes. As part of the broader consumer picture, LauraG urski, a partner at A.T. K earney, says she believes the January government sales reports showed the Social Security tax cuts areh elping to lift sales at grocery stores. "Consumers are spending ( the extra money)on the basics," she said. But she added they're not buying big-ticket items. B usinesses appear to expect consumers will keep s pending. Companies added to their stockpiles for a 12th c onsecutive month in December, the Commerce Department said. That sug-g ests further growth at U.S. f actories that could lead to more hiring in the months a head. A separate report Tues day pointed to further strength in factory produc t ion. The Empire State Manufacturing Survey showed that conditions for N ew York manufacturers a re improving. The survey's i ndex of business conditions rose to an eight-month high. Economists think inventories will keep rising as long as sales remain strong and businesses have confidencet hat the demand will continue. That should boost demand at U.S. factories,a nd ultimately lead to more jobs. But those jobs are unlikel y to come from home builders, who remain pes s imistic after the worst year for new-home sales in near ly a half-century. T he National Association of Home Builders said Tues day that its index of builder s entiment remained unchanged in February for the fourth straight month at1 6. Any reading below 50 i ndicates negative sentiment about the market. The index hasn't been above that levels ince April 2006. (AP Photo/Gene J. Puskar RETAIL BOOST: Jody Dickman shops in the Shadyside section of Pittsburgh, Monday, Feb. 14, 2011. Consumers bought more from retailers for a seventh straight month in January. But snowstorms lim ited the spending gains expected from workers with more money in their paychecks from a Social Security tax cut. Businesses and consumers give economy boost INTERNATIONAL BUSINESS ROUND ROCK, Texas Personal computer maker Dell Inc. says its net income more than doubled in the most recent quarter. I ncreased spending by businesses on technology helped boost the results. Dell says lower costs for computer parts also contributed to the profitable quarter. Net income soared to $927 million, or 48 cents per share, from $334 million, or 17 c ents per share, a year earlier. Excluding certain items, Dell earned 53 cents per share, blowing past Wall Street's expectations. Anal ysts surveyed by FactSet f orecast earnings of 36 cents per share. Revenue rose 5 p ercent to $15.7 billion from $14.9 billion. Rising revenue f rom smalland medium-size businesses in particularh elped Dell offset sluggish consumer buying. business BRIEFS Dell 4Q net income more than doubles P ETER SVENSSON, AP Technology Writer BARCELONA, Spain Abandoning an earlier policy of diplomatic restraint, the CEO of Google says the comp any is "very, very proud" of Egyptian employee WaelG honim, who organized protests in Egypt and was t hrown in jail there. Google previously said only that it was a "huge relief" when Ghonim was released from 12 days of detention by E gyptian police. He's credited with operating a Facebookp age that helped start the uprising that toppled Presid ent Hosni Mubarak last week. Like any company that does business in foreign coun tries, the online search leader is wary about making political statements. Responding to a udience questions after a keynote speech at the Mobile W orld Congress trade show in Barcelona Tuesday, Google CEO Eric Schmidt said col laboration technologies like Facebook "change the power dynamics between governments and citizens." CEO says Google 'very proud' of Egyptian exec US NEWS

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BEN FELLER, AP White House Correspondent WASHINGTON Defending his new budget as one of "tough choices," President Barack Obama said Tuesday that more difficult decisions about the nation's biggest expenses Medicare, Medicaid and Social Security will have to be tackled by Democrats and Republicans acting together, not by White House dictates. "This is not a matter of, 'you go first, I go first,'" he said. "It's a matter of every body having a serious con versation about where we want to go and then ultimately getting in that boat at the same time so it doesn't tip over." The president pitched his $3.73 trillion budget as a balance of spending on needed programs and significant reductions that would cut the deficit by $1.1 trillion over 10 years. The budget includes a mix of spending freezes on domestic programs, pay hike suspensions for federal civilian workers and new revenues from increased taxes on the wealthy and on oil and gas producers. But Obama's deficit relief is far more modest than that detailed by his fiscal commis sion, which in December proposed measures that would mop up four times as much red ink. Unlike his blue-ribbon group, the administration's budget does not address structural changes in Social Security or Medicare, the two largest items in the federal budget. "Look at the history of how these deals get done," Obama said Tuesday. "Typically it's not because there's an Obama plan out there. It's because Democrats and Republicans are committed to tackling this in a serious way." The commission's bipartisan report included politically difficult recommendation such as increasing the Social Security retirement age and reducing future increases in benefits. And while Obama has promised to overhaul the corporate tax system, he stops short of commission recom mendations that would lower rates but generate addit ional revenue at the same. Obama has called for "revenue neutral" fixes to corporate taxes, meaning they would neither cost more mon ey nor add money to the trea sury. "I'm not suggesting we don't have to do more," the president said. At times defensive, Obama used his news conference to offer his own tutorial on how Washington works. He voiced exasperation at what he said was the capital's impatient culture and its insis tence on immediate results. He said he faced the same demands on health care, the military's don't-ask, don't-tell policy on gays, and on the uprising in Egypt. "There's a tendency for us to assume that if it didn't happen today, it's not going to happen," he said. P ar tisan He also pulled the curtain back on the partisan positioning typical of politics, while at the same time press ing Republicans to join him at the negotiating table. "I expect that all sides will have to do a little posturing on television and speak to their constituencies and rally their troops," he said. "But ultimately what we need is a reasonable, responsible and initially probably somewhat quiet and toned-down conv ersation about, 'all right, where can we compromise and get something done.' Obama at one point overstated the achievements of his budget, asserting that by the middle of the current decade annual federal spending would match annual revenues. "We will not be adding more to the national debt," he said. But his budget shows deficits as well as debt increas ing every year through 2021, and the president later had to clarify. The balance in spend ing and revenue, he said, applied only to the smaller "discretionary" portion of the budget, not to interest on the national debt or to rising health care costs in Medicare and Medicaid. "That's going to require entitlement reform and it's going to require tax reform," he said. Obama said he also wants to work with Republicans to find common ground on government spending for the remainder of this fiscal year and to avoid a government shutdown. Stopping the basic functions of government could damage the economic recovery, he said. "I think it is important to make sure that we don't try to make a series of symbolic cuts this year that could endanger the recovery," he said. Obama said cutting too deeply in Washington could prompt thousands of layoffs in state and local governments, which would hurt the economy. "The key here is for people to be practical and not score political points," he said. "That's true for all of us." Obama's budget aims to cut the deficit in part with tax increases, including eliminating tax breaks for oil and gas producers, which have failed to win support before under a Democratic control Congress. The measures face an even tougher challenge now that Republicans control the House of Representatives. "I continue to believe I'm right," he said, when asked why he relied on previously defeated proposals. "So we're going to try again." His new budget would cut spending on popular energy assistance programs and community development projects. Obama took note of the harsh impact that cuts can have on individual Americans. But he said the most important thing he can do as president is focus on the long-term stability of the economy to help the largest number of people. "I definitely feel folks' pain," he said, mentioning the gripping stories recounted in the 10 letters a day that he reads from among the thousands received at the White House. "You want to help every single one individual ly." BUSINESS PAGE 8B, WEDNESDAY, FEBRUARY 16, 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 $P/EYield 1.260.97AML Foods Limited1.041.040.000.1230.0408.53.85% 10.759.67Bahamas Property Fund10.6310.630.000.0130.200817.71.88% 6 .184.42Bank of Bahamas4.424.420.000.1530.10028.92.26% 0.580.18Benchmark0.180.180.00-0.8770.000N/M0.00% 3.492.70Bahamas Waste2.702.700.000.1680.09016.13.33% 2 .152.14Fidelity Bank2.172.170.000.0160.040135.61.84% 12.509.62Cable Bahamas10.2110.210.001.0500.3109.73.04% 2.842.36Colina Holdings2.402.400.000.7810.0403.11.67% 7.005.40Commonwealth Bank (S1)6.856.850.004510.4880.26014.03.80% 3 .651.63Consolidated Water BDRs2.062.080.020.1110.04518.72.16% 2.551.40Doctor's Hospital1.401.400.000.1070.11013.17.86% 6.995.47Famguard5.475.470.000.3570.24015.34.39% 1 0.207.23Finco6.516.510.000.2870.00022.70.00% 11.408.77FirstCaribbean Bank9.399.390.000.4940.35019.03.73% 5.513.75Focol (S)5.485.480.004,0000.4520.16012.12.92% 1.001.00Focol Class B Preference1.001.000.000.0000.000N/M0.00% 7.405.00ICD Utilities7.407.400.000.0120.240616.73.24% 10.509.82J. S. Johnson9.829.820.000.8590.64011.46.52% 10.0010.00Premier Real Estate10.0010.000.001.2070.2008.32.00% 52wk-Hi52wk-LowSecuritySymbolLast SaleChangeDaily Vol. 99.4699.46Bahamas Note 6.95 (2029BAH2999.460.00 100.00100.00Fidelity Bank Note 17 (Series A) +FBB17100.000.00 100.00100.00Fidelity Bank Note 22 (Series B) +FBB22100.000.00 100.00100.00Fidelity Bank Note 13 (Series C) +FBB13100.000.00 100.00100.00Fidelity Bank Note 15 (Series D) +FBB15100.000.00 52wk-Hi 52wk-Low Symbol Bid$ Ask$ LastPrice DailyVol EPS$ Div$ P/E Yield FINDEX: CLOSE 000.00 | YTD 00.00% | 2009 -12.31%30 May 2013 20 November 2029F RIDAY, 11 FEBURARY 2011BISX ALL SHARE INDEX: CLOSE 1,472.37 | CHG 0.02 | %CHG 0.00 | YTD -27.14 | YTD % -1.81BISX 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 W W.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%Last 12 Months %NAV 3MTH 1.51221.4076CFAL Bond Fund1.51795.51%6.90%1.498004 2.95272.8300CFAL MSI Preferred Fund2.95270.18%1.61%2.918697 1.58091.5114CFAL Money Market Fund1.58080.43%4.59%1.550241 3.20252.8522Royal Fidelity Bahamas G & I Fund2.7049-0.56%-15.54% 13.638813.0484Royal Fidelity Prime Income Fund13.41640.44%-0.10% 114.3684101.6693CFAL Global Bond Fund114.36849.98%12.49%109.392860 106.552899.4177CFAL Global Equity Fund106.55284.75%7.18%100.779540 1.14651.0000FG Financial Preferred Income Fund1.14655.20%5.20% 1.11851.0000FG Financial Growth Fund1.11854.73%4.73% 1.14911.0000FG Financial Diversified Fund1.14915.35%5.35% 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% 10.12669.1708Royal Fidelity Bah Int'l Investment Fund Principal Protected TIGRS, Series 310.12661.27%1.27% 8.45104.8105Royal Fidelity Int'l Fund Equities Sub Fund8.45100.72%9.95% 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-Jan-11 107.570619 105.776543 30-Jun-10 31-Dec-10 NAV 6MTH 1.475244 2.910084 1.533976TO 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-Jan-11 28-Jan-11 31-Jan-11MARKET TERMS31-Dec-10 31-Jan-11CFAL Securities Ltd. (Over-The-Counter Securities)31-Jan-11BISX Listed Mutual FundsNAV Date 30-Nov-10 31-Dec-10 NEW YORK Oil prices retreated Tuesd ay on concerns about grow ing supplies of crude in the U.S. and weak retail sales numbers that suggested con sumers were spending less because of high energy prices. Benchmark West Texas Intermediate crude fell 49 cents to settle at $84.32 a bar rel on the New York Mercantile Exchange. In London, Brent crude fell $1.44 to settle at $102.29 a barrel on the ICE Futures exchange. U.S. stockpiles of crude oil continue to rise, undercutting the price of benchmark WTI. The Energy department releases its weekly report on petroleum supplies on Wednesday. Analysts expect it to show increases in sup plies of both oil and gasoline, according to Platts, the energy information arm of McGrawHill Cos. Oil supplies have been growing for weeks at the Cushing, Oklahoma, hub, which is the delivery point for WTI crude. Energy traders also kept an eye on anti-government protests that continued in Iran and Bahrain after Egypt's president was forced from power last week. Demonstra tions have happened in Yemen and Algeria as well. There is concern that unrest could spread to other coun tries and disrupt oil shipments from OPEC countries. Iran is the second-largest oil exporter in the Organization of Petroleum Exporting Countries behind Saudi Arabia. "Investors had been worried about Algeria and Jordan, Yemen and the Arab Gulf states," energy consultants Cameron Hanover stat ed. "It seems that everyone in power is nervous." In other Nymex trading in March contracts, heating oil fell 2.14 cents to settle at $2.7290 a gallon and gasoline lost 2.86 cents to settle at $2.4888 a gallon. Natural gas rose 5.1 cents to settle at $3.976 per 1,000 cubic feet. NEW YORK T he dollar was lower against the euro and pound Tuesday after a report showed retail sales grew onlys lightly in January. The euro rose to $1.3492 late Tuesday from $1.3483 Monday, while the British p ound advanced to $1.6131 f rom $1.6034. But the dollar gained to 83.82 Japanese yen from 83.32 yen, at one point hitting a two-month high at 8 3.91 yen. In the U.S., the government said retail sales rose 0.3 percent last month economists h ad expected gains of about t wice that much. Snowy weather may have held back some shoppers, economists said. Consumers have recently b egun spending more, and the latest holiday shopping season was the best in six years. Economists closely watch consumer spending since it accounts for 70 percent of the country's total economic activity. T he euro's gains were tempered by continued worrieso ver a flare-up of Europe's debt crisis. The euro has r etreated recently from a three-month high just over $1.38 struck earlier this month. European finance ministers have not yet beena ble to come up with a more powerful plan to fight the cur-r ent crisis, although they agreed Monday to provide 5 00 euros ($674 billion new crisis fund that will come into force in 2013. The officials are meeting again in March. Investors remain wor r ied that Portugal will become the third country to require a b ailout, following Greece and Ireland's emergency aid deals i n 2010. Greek and Portuguese transportation workers are on strike, protesting the cost-cutting reforms enacted to help G reece and Portugal cut their debts. I n other trading Tuesday, the dollar fell to 98.89 Canadia n cents from 98.93 Canadian cents, and fell to 0.9669 Swiss franc from 0.9703 Swiss franc. (AP Photo/NBC, William B. Plowman M EETTHEPRESS: I n this photo released by NBC House Speaker Rep. John Boehner, R-Ohio, speaks about the 2012 budget on NBC's "Meet t he Press" in Washington Sunday, Feb. 13, 2011. Boehner said he wants President Barack Obama to support Republican efforts to make deep c uts in this year's budget as a down payment in the effort to attack soaring deficits. C HIP CUTTER, AP Business Writers MATTHEW CRAFT,AP Business Writers N EW YORK A surprisingly weak retail s ales report drove stocks lowe r on Tuesday, giving the Dow Jones industrial average i ts second straight day of losses. T he Commerce Department said Tuesday that retails ales rose just 0.3 percent in January, the smallest increase s ince June and half of what economists had predicted. Kim Caughey Forrest, equity research analyst at Fort Pitt Capital Group, said higherp rices for gasoline and raw materials are beginning to bep assed along to consumers. That's hurting retail sales and spending, she said. "Without wage gains," she said, "people are going to buy l ess." Energy companies led the w ay down. Exxon Mobil Corp. lost 2.3 percent, the l argest drop among the 30 large companies that make up the Dow. Exxon Mobil said it added 3.5 billion barrels of oil and gas last year to the comp any's massive reserves, more than twice what Exxon pro-d uced in 2010. The Dow fell 41.55, or 0.3 p ercent, to close at 12,226.64. That's only the third day this month the Dow has closed lower. The Standard & Poor's 500 i ndex fell 4.31, or 0.3 percent, to 1,328.01. The Nasdaq comp osite index fell 12.83, or 0.5 percent, to 2,804.35. T he parent company of the New York Stock Exchange agreed to combine with the operator of the Frankfurt stock exchange, Deutsche B oerse AG, creating the world's largest financial mark ets company. Shares of both companies f ell after the deal was announced. NYSE Euronext's shares lost 3.4 percent in New York, while Deutsche Boerse's lost 2.4 percent in Frankfurt. One of NYSE's biggest competitors, Nasdaq OMX Group Inc., fell 4.6 percent. Roughly three stocks fell for every one that rose on the New York Stock Exchange. DAYOFLOSSES: A board on the floor of the New York Stock Exchange shows the Dow Jones Industrial average near the close of trading Wednesday. Obama defends his new budget of 'tough choices' DOLLAR TRADES MIXED AS RETAIL S ALES COME IN WEAK STOCKS FALL AFTER WEAK RETAIL SALES INTERNATIONAL BUSINESS Oil prices fall on economy and supply concerns

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T HERE are few things more delicious and satisfying on a hot summer day than a thick wedge of watermelon. To be ab le t o en jo y ou r ow n fru its we must plan in advance for water melons are true 120-day crops and any seeds we sow now will give sat isfaction in May or June. Watermelons originated in West an d C en t r a l A f r i ca a n d n a t u r al l y grow in the silty areas near rivers. W e h a v e n o ri ve rs i n t he B ah a m as s o w e m u st t ry t o re p l ic a t e i d e al c on ditions as best we can. V i r t u a l l y a l l m e m b e r s o f t h e c ucu r bit family en joy well m anured b e d s t o g ro w i n b u t w a t e rm e l o n i s a n e x c e p ti on an d d e ma n d s w e l l d ra in e d soil with little or no compost. I t als o demands plenty of w at er a n d fe r ti l i se r f o r th e fr u i ts a r e a m o n g t h e l a rg e st t h a t m o st h o m e g a r d e n e rs ever grow. A r e g u l a r g a r d e n a r e a c a n b e r e a d i e d f o r w a t e rm e l o n s b y t h e a dd i tion of sand that, of course, should not be salty beach sand. B u i l d e r s u p p l y c o m p a n i e s s e l l sand in 50-pound bags that will do the job admirably. The spacing for watermelons is a touchy subject. When water melo ns are grown in a n a re a w he r e t he r e a r e n o i rri g a t io n fac i lit ie s th ey sh oul d be sp ac e d w e ll apar t up to six feet. If ir rigati on is a v a i l a b l e t h e n t h e y c a n b e s o w n m uch clos er t ogether The c lassic s q uash an d m elo n fo r mu la of se e ds p la n te d a fo o t a p a rt in a tr iangle wil l wor k as long as t he s u pply of w ate r an d fertil iser is a deq u a t e Water melons com e eit her s pher ic al or e long at ed, tho ugh the J ap ane se hav e a t echn iqu e wh er e th ey g r o w r o u n d wa t e r m e l o n s i n t e m p e r e d g l a s s f i v e s i d e d b o x e s i n o rder to pro duce s quar e w at ermel ons T he s e are m uch easier to pack for shipping but are v ery e xpen s iv e. S m a l l r o u n d w a t e r m e l o n s a r e call ed I c ebo x melon s b ec au se t hey can fit int o t he aver age r efri ge r ator com for tably. T her e ar e al s o t r ip loi d o r s eed l es s wat e r me lo n s t ha t r et ai n s ee d s c ars but hav e n o spittab le se eds. In o rder t o gr ow th ese you m ust als o gro w st an da rd w a te rm el on s i n ord e r t o pr ovide polli nation I n i t i a l g r o w t h f o r w a t e r m e l o n s sho ul d be q ui c k i n ord e r to e sta bl ish h e al t h y v i n es T h e s o i l s h ou l d b e w ell ferti lised a nd w a tered on a reg u l a r b a s i s O n c e f r u i t s a r e e s t ab l i s h e d t h e d e m a n d f o r w a t e r decr eas es a nd du ri ng th e ri penin g s tage s houl d be min imal. It see ms stran ge th at a fruit c al led w ate rme lon sh oul d n ee d l itt le w ate r in its la ter stage s of grow th, but tha t is th e w ay it goes Too much water will either p rodu ce ins i pidta st ing fle sh or caus e th e fr uit to s plit It w o uld b e a sh ame to spen d s o m u ch t i m e g r o w i n g w a t e r m e l o n s and t hen p ic k them too early when th ey lack opt imum sweetn ess Ther e ar e many claims as to t he b e s t w a y t o t e s t f o r r i p e n e s s a n d the s e h ave o ften be en dev elo ped by pe op le w h o gro w w a te rme lo ns c om mer cially an d can aff or d to los e a few whi le exper imenti ng. A n e x p e r i e n c e d w a t e r m e l o n far mer can sp ank hi s f rui ts and tel l f r o m t he s o u nd w he t h er t h ey a r e r ipe or not W i th a s ingl e water melon t o t est th e home gar dener w o uld have n o c o m p a r i s o n s So do n ot s pank yo ur water melo n s I n s t e a d c h e ck t h e s t e m an d tend ril w h ere the fr uit att aches to the vine At the ripe stage these dry off Als o c hec k the c olour on the bottom of the melon w her e it has been l y i n g o n t h e g r o u n d T h e w h i t e p a tc h tu rn s t o a d ist in c t str aw y e ll ow when t he fr uit is r ipe. Alw ay s e r r on the side of ca utio n. Wh e n I a m s u r e a wa t e r m e l o n i s ri pe I always le ave it fo r an ext ra day or t wo an yway un le ss I h ave two at the s ame s tage. For questions or further information e-mail gardenerjack@coralwave.com. ENTERT AINMENT THE TRIBUNE WEDNESDA Y FEBRUAR Y 16, 201 1, P AGE 9B T O DISCUSS ST ORIES ON THIS P A GE LOG ON T O WWW .TRIBUNE242.COM J u s t a fe w i m a g e s o f w h a t w e t h e Bahamas looked li ke 4 0. .. 50 .. 60 .. years in the past SIR Durward Knowles, the Bahamas' very first Olympic Gold medal winner, seen here sailing his Star Class boat with Prince Philip on Montague Bay. He later met Prince Philip at a party held for the Gov ernor Awards. Sir Durward was Nassau's leading pilot responsible for thousands of cruise ships entering Nassau Harbour. Flash Back BY ROLAND ROSE Watermelons DELICIOUS: Watermelons originated in West and Cen tral Africa and naturally grow in the silty areas near rivers.

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ENTERT AINMENT P AGE 10B, WEDNESDA Y FEBRUAR Y 16, 201 1 THE TRIBUNE FEBRUARY 17 FEBRUARY 20 ATLANTIS' "ROCK N ROLL" FANTASY CAMP Atlantis hosts a "Rock 'n Roll" fantasy camp head lined by the legendary Tommy Lee and features Ace Frehley and Lita Ford among other rock 'n roll greats that have all come to jam with campers. Cost: Starts from $4999/per per son. FEBRUARY 19 SATURDAY 47TH ANNUAL HEART BALL The Sir Victor Sassoon (Bahamas) Heart Foundation celebrates 50 years and invites you to attend the 47th annual Heart Ball at the Sheraton Nassau Beach Resort under the theme "Saving Little Hearts for 50 Years, One Beat at a Time". Agenda includes a silent auction, presentation of the Lady Sassoon Golden Heart Award, entertainment by Soulful Groovers, RBDF Dance Band and Ed Brice Orchestra, and an in-house raffle with a prize of a round-trip to London. Cock tails: 7.15pm. Dinner: 8.30pm. Tickets: $250. T: 327-0806. FEBRUARY 19 SATURDAY A DANCE COMPETITION TO REMEMBER Showboyz Entertainment presents "A Dance Competition to Remember" at The Tennis Centre featur ing Na Jie Dun and Major Boy Dunna. Tickets: $5/in advance available at the Jukeboxx. things 2 D O A UNIQUE multi-instrument quartet whose music once accompanied a Canadian astronaut on a NASA flight into space will be performing two con certs in Nassau this weekend. The Na s sa u Music Soc iety presents Q uarte tt o G e la to ', w hi c h f or o v er a de c a d e n ow h as da z z l e d a u di e nc e s a nd c ri ti c s a rou n d th e w orl d wi th cl assica l maste r w orks, op eratic aria s the si z z li n g e n er gy o f ta n go s, gy p sy an d f ol k s on g s. T he w el lkn ow n C a na di a n e ns em bl e is c o mpr is ed of Pet er DeSo to (t enor violin m ando l in ); A le x a nd e r Se v a sti a n (a c c o rdi o n, pi a no ba ndone on); El iza beth Mc L e lla n (c ell o), a nd C olin Maie r (oboe cl arine t, E ng lish horn a nd ma ny m ore). The first concert will take place this Friday at t he Col l ege of t he B ah am as P er f or m i ng Arts Centre at 8pm. Then on Saturday, the quartet w ill p er form a t S t P a u l s C h u r c h H a l l L y f o r d C a y a t 7.30pm. A ud ie nc e s c an e x pe c t a re pe rt oi re th at t ra vels the globe. T h e p r o g r a m m e w i l l i n c l u d e T a n g o D e l M ar e Ko nze r s tu ck O pu s 79 A l D i, Ob oe Co ncerto, Meditang o, Su ite Latino america na and Besame Mucho, among others. In addition to these two concerts and as a p ar t of t he N as sa u Mu sic S oc i e ty s p ro g ra mm e to educ ate y oung B aham ian music ians, Qua r t e t t o G e l a t o w i l l h o l d a f r e e m a s t e r c l a s s t om o rr o w f ro m 1 2 no o n -2 p m a t th e Pe r fo r mi n g Arts Centre of the College of the Bahamas. Attendance is free and open to those who would like to watch and learn. The concerts were organised by the Music Society in association with Societe Generale Pr ivat e Ban king, Coli na, Royal St ar A ss ur ance, and Pictet. T h e tw o-ni ght e ve nt is b ein g he ld und er the pat r onag e of G over no rGen era l Sir A rt hur Foulkes. PETER DESOTO (tenor, violin, mandolin): Critics have described him as a remarkable talent who possesses the ability to perform not only as a classical musician but also as a spirited gypsy virtuoso with the added bonus of a brilliant operatic tenor. His voice repertoire ranges from light pop, to authentic Irish folksongs, to the great Italian operatic arias including Turan dots "Nessun Dorma". ALEXANDER SEV ASTIAN (accordion, piano, bandoneon): He has won four international accordion competitions including the Oslofjord in Norway (1998), The Cup of the North in Russia (2000), the Anthony Galla-Rini Accordion Competition in the United States (2001), and The Coupe Mondiale, also in the United States (2007). Born in Minsk, Belarus, Alex began his studies on the accordion at the age of seven. He received his Masters in Per formance degree in 2002, studying with renowned performer and pedagogue Friedrich Lips. ELIZABETH MCLELLAN (cello): She has performed as a soloist in front of orchestras across North America and has toured other countries such as China and Korea. In addition, she is a regular performer for Toronto's Sound streams series, and recently had the opportunity to premiere R Murray Schaffer's new work "The Children's Crusade". She also works with numerous orchestras and chamber ensembles throughout Ontario including the Kitchener-Waterloo Symphony, the Thunder Bay Symphony and Orchestra London. COLIN MAIER (oboe): He was graduated from the University of Calgary in 1997 with a degree in oboe performance studying with David Sussman. In 2002, he was a featured Jazz oboist at the International Double Reed Festival where he performed and conducted a jazz master class with legendary jazz bassoonist Michael Rabinowitz. In addition to oboe, Colin also plays clarinet, English horn, violin, five-string banjo, acoustic/electric bass, piano, saxophone, flute, guitar and harmonica. MEET THE MEMBERS OF QUAR TETTO GELA TO Quartetto Gelato CHRISTY LEMIRE AP Movie Critic PART biopic, part concert film and al l crow d pleas e r "Justi n B ieber: N e ver Say Never" is a big, glossy celebra tion of the musical phenomenon that knows exactly what it needs to do to send its target audience of 'tween girls into a tizzy of giddy screams. That includes an unusually effective u se o f 3D f ro m d ir ec to r J on M Ch u ("Step Up 3 D"), so g et r e ady for p l en ty of shots of Bieber looking longingly into the camera, reaching out to grab y o u r h a n d w h i l e s i n g i n g o n e o f h i s i nf ecti ous pop t unes. (And par ents get ready for temporary hearing loss.) Bieber would be an easy target for an yo n e who 's gr ad ua te d fro m ju n ior high school: He's 16, smooth and pret t y w i t h a n a n d r o g y n o u s l o o k t h a t rec alls Hila ry Swan k in "Bo ys D on 't Cr y a n d a p la y fu l, n o n -t h re a t e n in g way about him. And that hair ... that famous mane that flips back and forth an d a lwa ys la nd s ju st rig h t in a s of t, feathered swoop. B u t a s C h u 's fi lm r ev e a ls t h ro u g h h o m e m o vi e s f r om B i eb e r s s m a l l C a n adian town of Stratford, Ontario, early Y o uT u be cl ips and i nterview s wi th the p eo p l e w h o d i s c ov e r ed hi m h e s pr e t er naturally gifted, freakishly poised and i n c e s s a n t l y h a r d w o r k i n g F r o m t h e se n se o f rh y th m h e d is p la ye d a t a ge two to his confident busking outside a the ate r a t a ge 12 to th e ch utz pa h he sh o we d in a p p ro a ch i n g h is e v e n t u a l m en t or, U sher, an d of feri ng t o sing f o r hi m j ust a coupl e years a go, B ieber h as always seemed fearless, yet somehow grounded. Sure, "Never Say Never" plays like a n e x te n d e d in f o me r c ia l fo r Bie b e r s i m i l a r t o r e c e n t 3 D m o v i e s a b o u t Mil ey Cyrus an d th e Jon as Bros. We get no sen se of wh o B ie ber rea l ly is, w het he r he ha s an y fe ars i f he g et s s ic k of t o ur ing an d mi sses normal -kid st u f f, w ha t he t hi n ks a bou t t h e hor de s o f g i rl s who tremble and flail at the very men tion of his name. But along those lines, Chu does an excellent job of conveying the incom pa rab le t hr i ll of bei ng yo ung and bu rs ting with love for your first idol crush; t h e f o ot ag e o f gi r l s so bb i n g a nd hu gg i n g a ct ua l ly get s re pet i t i ve a nd Ne ve r Sa y N e v e r p r o ba bl y c o u l d h a ve b ee n ab o ut 15 minute s sh orter. Bu t wheth er y ou grew up worshipping Paul McCartney or Shaun Cassidy, Michael Jackson or Justin Timberlake, you'll relate. J u s t i n Bi eb er: Neve r Say Neve r ," a Par amount Pi ctu res r el eas e, i s r at ed G. B i e b e r i s e x t r a d r e a m y i n 3D N e v e r Sa y N e v e r S ING ER J u s t i n Biebe r a t tends his premiere of "Never Say Never" in New York on Wednesday, February 2, 2011. ( AP) T O DISCUSS ST ORIES ON THIS P A GE LOG ON T O WWW .TRIBUNE242.COM

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ARTS THE TRIBUNE WEDNESDA Y FEBRUAR Y 16, 201 1, P AGE 1 1B T O DISCUSS ST ORIES ON THIS P A GE LOG ON T O WWW .TRIBUNE242.COM BY LESH LAST W edne sday on A meri c an Id o l th e to u gh p ar t o f th e c om p e t i t i o n s t a r t e d w h e n S t e v e n Randy and Jennif er set off for H o ll y w o o d t o p r e p a r e f o r t h e c r u c ia l p a r t of t h e elim in at io n pr oc ess sep arating the wheat f ro m t he ch a ff a s t he y j u dg e d th e pe rfo rm ance s o f the g ol de n t i cket wi nne rs. T he voti ng is at thi s poi nt sti l l in the ha nds of t he three j udg es and we can onl y hope the y wi ll make the r i ght dec i sions so we ca n ha v e a w o rt hy A m e ri ca n I do l winne r in the end. H o l l y w oo d w e e k s a w t e a r s a n d b r o k e n v oi c e s b u t a ls o h a p py faces. For Nick Fink and Jacquel in e Dunf ord, the c oupl e which w as h i g h l i g h t e d f o r i t s e x t r e m e l o v e y d o v e y n e s s t h e w e e k b ro ugh t h eart ach e an d sep arat i o n W h i l e Ja cq u e l i n e m o v e d a he a d to the next round, her boyf rie nd w a s s e n t h o m e A nd r e g a rd l e s s o f t h e s o m e w h a t e m b a r r a s s i n g pl ea din g on h is pa rt, t he j udge s wo uld not be m ove d. H urt by t he sho c k i ng de c i s io n, Nick di d not want to leav e the a r e n a a n d b e g g e d R a n d y f o r a nothe r cha nc e onl y t o be tol d, no man go a way ". Nick l ef t but kept sing ing the wh ole way down t he a isl e t o the e x i t s t i l l h op i ng f o r a l as t -m i nu te r e p r i e v e Foll owi ng Ni c k in the li neup w e r e t w o f a v o u r i t e s o f m i n e T r a v i s O rl a n do a n d T i f f a ny Ri o s t h e c o n t e s t a n t k n o w n f o r h e r New Jerse y sta r bre asts T i ff a n y s t a r t e d h e r au d it i o n w i t h a l i t t l e a t t i t u de ; sh e s a i d t ol d the judg es: "I' m t ire d of seei ng pe ople t ryi ng to d o wha t I know I can do." J Lo sai d des pite her atti tu de she st il l l ove s her. Trav is sang "Thi s Love" but the round unfortu nate ly di d not en d i n lo ve for hi m. T i f f a n y m a d e i t t h r o u g h t o a n o t h e r w e e k a n d a n o t h e r c h a n c e t o b e t h e n e x t A m e r i c a n I d o l wh i le T rav i s wa s se nt pa cki ng. The competition heats up as the contestants start Hollywood week A S shocking and controversial as Esperanza Spalding's win for Best New Artist at Sunday's 53rd Grammy Awards was, some fashion choices on the red car pet were even more so. While some of the stars shone brightly in their designer wear, others showcased why they should fire their stylists who in some cases made them look like tacky superheroes (Ciara) and in others like silly angels (Katy Perry). RIHANNA FARAH SAYS: Okay Ri Ri, we g e t t h a t y o u l o v e t o t a k e r i s k s because you are a fashionista, but was there something about Christ m as tha t you m issed ? Yo u m ig ht as w ell have s how n up on the red carpet in the nude because this dress screams "look at me, look at me". N e x t ti m e t ry so m e t hi n g w i th a l i tt l e more class and elegance, can you do that? L E S H S A Y S : C o m i n g f r o m a h u g e R i h an n a f a n l ik e my s e lf I p e rs o n a l l y l o v e e v e r y t h i n g t h a t s h e de cid es t o g o wi t h, b u t t h e dr e s s was a bit revealing, too much skin was on display. NICKI MINAJ FARAH SAYS: Dear old Nicki, y o u n e v e r c e a s e t o a m a z e m e I mu s t s a y t he en ti r e l eo pa r d l o ok w a s e y e c a t c h i n g a n d I a c t u a l l y think you pulled the look off. It's som ething a bout its u nusualn ess or t h e I d o n t c a r e i f I a m t h e w o r s t d r e s s e d at titude that 's captivating. Maybe Rihanna can take a few tips from y ou be c a u s e y o u k n ow h o w t o t h in k ou tsi de th e b ox w it ho ut l oo k in g t oo risquÂŽ. LE SH S AYS : Y uc k! I w a s si ttin g in f ro n t o f m y t e l e v is i o n s e t t r y i n g t o figure ou t w hat an imal N ick i Min aj had sla in on he r w ay to the red c arp et I lo ve N ick i' s m us i c and he r sur pr isi n g se n se of f a sh io n, bu t h e re sh e l o ok s li k e s he d r e ss e d i n a c h e a p cheetah outfit. JUSTIN BIEBER FARAH SAYS : I don't know if i t s t he a l l w h i t e o r t h e s i z e, b u t the re i s de fi ni te ly s om et hi ng u nf la ttering about Bieber's tuxedo. And like Joan Rivers said on E!'s Fash i o n P o li ce Bi eb er yo u ar e r i ch y o u d o n t n e e d t o b u y s u i t s y o u have to grow into." LE S H S A Y S: I f e e l l i k e a c o u g a r! I d ef i n it e ly get t h e Bi eb er F e ve r every time I s e e J us tin at a red ca r p et ev en t. Hi s s en s e of s t yl e an d f ashi on is s uper f ly, like his mentor, Usher. Love the Beebs. BRUNO MARS F A R A H S A Y S : F o u r wo r d s sleek, chic and perfectly tailored! L E S H S A Y S : I h a v e n o i d e a whe n exa ctl y B runo Mars offi cia lly came out as an artist, but recently he is starting to grow on me. From h is s moo th so ph is t icat ed l oo k, t o hi s so o th i ng v oc a l s. B ru no Ma rs h a s def initely came into his own, one of the best. KA TY PERR Y Farah says: Is this even a dress? L e s h s a y s : I ca me to a c on cl usion that she wanted to fly! That is all. CIARA F A R A H S A Y S : S u pe r h e ro C i a ra to t he re sc u e Th e d re ss is n' t e nt ir ely ugly. I think maybe if you chose a n ot h er p a ir o f s h oe s Ci ar a y o u would have looked much better. LESH SAYS: Why Ciara, why!? I t h o u g h t i t w a s t h e G r a m m y Awa rds n ot the aw ards for the be s t d r e s s e d s u p e r h e r o c o m e a g a i n please. LADY GAGA FARAH SAYS: Her entrance was really grand. I also dig the concept of the egg or the womb simply because it fit so tremendously with the "Born This Way" performance. Now, we know it isn't too long before you go off on a tangent, but that black stage costume was hideous, Gaga, hideous! LESH SAYS: Okay, the egg did not surprise me at all because I was expecting her to come with something really out there. L A D Y GA G A a r r i v e s a t t h e 5 3 r d a n n u al Grammy Awards being carried in a n a li en ty pe e gg Sh e l ate r e me rge d from an e gg on sta ge fo r h er pe r f or m an c e o f h er n e w so ng B o r n This Way." (AP) R I H A N N A a rri v e s a t th e 53 rd a nn u a l G ra m my A wa rd s o n S u nd a y in Los Angeles wearing one of her favourite designers, Jean Paul Gaultier. (AP ) FROM left, Philip Lawrence, Bruno Mars, and Ari Levine arrive at the 53rd annual Grammy Awards on (AP)

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The T ribune SECTION B W E D N E S D A Y F E B R U A R Y 1 6 2 0 1 1 By ALESHA CADET Tribune Features Reporter L IKE most forms of body art which are popular today, piercing is a form of body modification that has been around for millennia. M u mm if i ed r em ai ns t h at ar e o ve r 5,0 00 years old were discovered to be sporting ear rings; nose piercings are estimated to have been ar ou nd si nce 1500 BCE, and t he fir st ment ions of ni pp le pi e rc in g s c a n b e fo u nd i n w ri ti ng s fro m An c ie n t Rome. While piercings in these eras were often done with religious motives in mind or to signify status within a society or a rite of passage undergone, people today tend to get body piercings mostly for decorative rea sons. Y o u ng p e o pl e of t e n w a n t t o m a k e a st a t e me n t a b o u t t hei r p ers on ali ty and ind ivid uali ty wit h an u nus ual piercing. An d th e p oss ib il it ie s w he n i t c o m es to pi erc i ng bo dy parts are endless. Having your ears pierced is an extremely common and easy prac tic e, how eve r, c reati ng openi ngs i n y our skin on other body parts can sometimes come with risks and should be done by a specialist. In an interview with Tribune Art Mac Charles of Nass a u Ink s a id he c ons ide r s piercing a true a r t for m Ar t to m e i s e x pre ss io n o f on e s s el f ; i de a s, f e e li ng s pa in tin g a p ic t ure o f yo ur li fe to ot he rs. W it h pi erc i ng s I think you definitely deliver the message, I'm bold, brave, daring'," he said. At the moment, he said, dermal piercings are hot. T h a t' s w h e re y o u h a v e a s t u d /a n c h o r p ro t r ud i n g o u t of yo ur ski n, fo r e x am ple yo ur kne e c a ps, e lb ow c he st and back," Mac explained. A pr ofe ssi on a l in t he p i erc i ng bu sin es s f or fi ve ye a rs no w M a c s a i d t h e i n sp i r a t i o n t o c h o o se t h i s c a re e r p a t h came fr om wanting t o do som e t hing challenging in his life. "I would say I was more or less motivated by my peers seeing piercing as a challenge, and I wanted to overcome that challenge and fear," he said. S ta rti n g i n th e b us in e ss at t he a ge of 2 4 M ac sa i d hi s first experience with a client was nerve-wracking. "I think I was probably more nervous and frightful than my client, but she and I did great." W hen deal ing with indiv idual cl ients ov er the y ears he ha s lea r ne d to r e ly on his ins tinc ts and expe r ie nce "Don't let a client tell you this the way to go when you kno w better ; a t the e nd of the day you have a re p u ta t i on t o k e e p a n d e v e r y o ne s p a i n t o l e ra n c e i s di f ferent." As ke d about th e crazie s t body piercing he's e ver done, Mac said: "I've been doing this a lil' while, so I w o u l d n t r e a l l y co n s i d e r n o t h i n g c r a z y r i g h t n o w because I've almost done them all." Ho we ve r, his mo s t d r a ma tic ex peri enc e w as w he n a wom an fa inte d b efore th e pie r c in g proc ess e ve n s ta rted, he said. "Her partner said that was the norm for her, after about five minutes or so she got up, got her piercing and left like nothing ever happened. But people do c h a n g e t h e r e m i n d s o n t h e re g u l a r b u t p e o p l e th a t us u a l l y c o m e f or p i e r ci n gs a r e m o r e s e t f ocu s ed an d d et e r mi ne d t o get what they came for." Tribune Art got the chance to speak to a few body art fans that shared their piercing stories. Char Rolle* sai d she us ed to h a ve a s nake bit e' p ie rc in g (a set o f tw o l ow e r l ip p ie rc i ng s, o ne o n e it he r side). I re m e m b e r t he f i rst ti m e I sa w i t i t w a s f r om a l e a d singer of my favourite band. I have always been into body modification and I think it is an interesting subc u ltur e which has a lo t of ro ots i n t he Afr ican c ulture," she said. However, Char said that she grew weary of having such a noticeable piercing. "I to ok i t out be cau s e I wa s ac tuall y getting ti r e d o f it, it was starting to pretty much define me. I did not l ike t he i mag e th at w as be in g assoc i ate d w ith it Wh en I got it in 2006 there was no Bahamian woman that I knew on the island that had it," she said. An o t he r p i e r c i ng f a n, S ta n Le w i s h a d t h i s to sa y : I h a d t h e l a b r e t p i e r c i n g (a p i e rc i n g t h a t i s b e l o w th e b o t to m l ip, a bove t he ch in) and I got it bec a use I tho ugh t i t w ou l d lo o k g oo d o n me I d i dn 't r ea l ly ha v e a re a son t o t a ke i t o ut be s id e s g e t ti n g a ne w j o b. Th e ex p e ri e n c e w as a littl e s cary, it it c h ed m ore th a n i t hur t, but I actually want to do it again." Be fore ge tting y our first pi erc ing yo u s h ould be 1 00 per cent sure it is what you really want, Mac said. "I w oul d say m ak e sure y ou a re po siti ve a bo ut w ha t it is that you want, make sure the piercer/body modi ficat ion sp eciali st c o mes high ly re c o mmen ded, an d that the person uses brand new sterile needles." If y o u w a n t t o a v o i d m a j or h e a l th ri sk s, y ou w a n t to m ak e sure y ou r a rti st u ses bra nd n ew ne ed le s to a v oid the spread of Hepatitis B or C and HIV. Also, you w o ul d l ik e i ni ti a ll y to ge t p ie rc e d w i th st a in le ss ste e l o r a safer metal to avoid any allergic reactions to other m et a ls, f or ex a mp le go ld n ic ke l o r a n yt hi ng t ha t lo ok s c h ea p. Afte r yo ur a rti st d oe s the se t hi ng s, th e re st is in the client's hands. If you want your piercing to heal p r o p e r l y k e e p i t cl e a ne d a n d f o l l ow y o ur ar t i s t s instructions." W h e n it c o m e s t o t h e h e a l i n g p r o c e ss e v e ry o n e i s d i f ferent, he said. "The he aling t im e (varies) depending on body part and also person. Because we all don't heal the same. For ins tan c e, car til age areas tend t o us ually t ake a l o n g e r ti m e t o h e a l c o m p a r e d t o th e s o ft e r p a rt s o f y o u r ear." b eauty A piercing PICKING A SPOT : Body pierci ng ha s be come ex t re mely popul ar. The y rang e from a num ber of ares i nclu ding na ve l pie r c ing s, derma l pie r c ing s, pie rcing about the breast and ear cartilage piercings. Quartetto Gelato SEE P AGE 10 In Y a Ear Grammy Fashion Police SEE P AGE 10

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NUMBER ONE: THE SC McPherson Sharks celebrate after claiming the Junior Girls GSSSA Basketball Championship. The Skarks took a 30-23 win over the DW Davis Pitbulls to complete the series sweep yesterday at the Kendal Isaacs Gymnasium. W E D N E S D A Y F E B R U A R Y 1 6 2 0 1 1 T H E T R I B U N E S E C T I O N E INSIDE Local Spor ts news T O DISCUSS ST ORIES ON THIS P A GE LOG ON T O WWW .TRIBUNE242.COM By RENALDO DORSETT Tribune Sports Reporter rdorsett@tribunemedia.net S H A V O N N I A A d d e r l y a g a i n p rov e d h er se lf to b e one of t he mo st u n s t o p p a b l e p l a y e r s i n G S S S A Junior Girl s basket b a ll as she d e li vere d a no th er imp r es sive ind ivid ual per fo r manc e t o lead he r tea m to a ser ies c linc h ing w in. A d d e r l y f i n i s h e d w i t h a g a m e h i g h 1 7 p o i n t s t o l e a d t h e S C M c P h e r s o n S h a r k s t o 3 0 2 3 w i n o v e r t h e D W D a v i s P i t b u l l t o sweep the c hampion ship series yester da y at th e K en d al I sa ac s Gymn a s i u m Ad d erly s ho t 5 -15 fr om th e f ield and 7-1 8 fr om th e fr ee th r ow line wh ile s he als o le d t he Sh ar ks w ith sev en r eb ou n ds V a lar ie N es b itt c h ip pe d in wit h seven poin ts an d five rebo und s an d Dan ya K n ow les add ed fo ur o ff t he b e n c h Br ush ea B a in l e d t he Pi t bul l s w i th 13 p o in t s Ho w e ve r n o o t h e r P it bu ll pla yer man aged to sc o r e mo re tha n a s ing le ba sk et. Th e Sh ar ks sh o t jus t 22 p erc e nt fr om t he f ield bu t th e s lim d iffer ent ial in mad e f ield go als ( 97) an d a t t h e f r e e t h r o w l i n e w i t h f r e e Sharks take GSSSA junior girls title BASKETBALL BBF COACHES CLINIC THE Bahamas Basket ball Federation will be conducting a FIBA Coaches Certification Clinic level II for all basketball coaches throughout the Bahamas on Friday, February 18th from 7-9 p.m. and on Saturday, February 19th from 9 a.m.-5 p.m. at the College of The Bahamas. Only those coaches who have passed level 1 will be allowed to take level II. The course will be con ducted by oach Larry Brown, a highly experienced and accomplished FIBA certified coaching instructor. Brown has taught FIBA coaching clinics throughout the United States, the Caribbean and Canada. The cost of the clinic is $30:00 pre-registered or $40:00 at the door. The primary reason why the Bahamas Basketball Federation organised the courses is to increase the pool of qualified coaches in the Bahamas with a view to improving the quality of coaching in our various leagues and youth development programmes. Upon completion of the course participants would receive a certificated FIBA/BBF certificate level II. Individuals who are inter ested in participating in the clinic are asked to contact Sean Bastian email: sbast ian@cob.edu.bs or call 242 302-4591 as soon as possible. CYCLING NPCA CALENDAR T H E N e w P r o v i d e n c e C ycl ing Assoc iati on wi ll b e gin it s 2 0 1 1 s e a s o n o n S a t u r d a y with a 30-mile race race start ing from the Clifton Heritage Parking lot at 7:45 a.m. Mus grove's In c. w ill organ i ze the event. The next even t on the cal e ndar w i l l be t he B i at hlo n that wi ll b e g in a t M o u n t P le s a n t Villag e, Ly ford Ca y, start i n g at 8 a .m Th e e ve n t is b e in g o r g a n i z e d b y t h e P o t c a k e s Cycling Club. SOFTBALL EXUMA CHURCH SOFTBALL LEAGUE T HE Exum a C hurch Sof tba ll Le a gu e will co nt inu e its r e g u l a r s e a s o n a c t i o n t h i s we e k e n d w i th t h e fo ll o w i n g games on tap: Friday's schedule 6 : 3 0 p m S t J o h n s v s Church of God. 7 :3 0 p .m S o u l W i n ne r s vs Mt. Olive. 8 : 3 0 p m S t P e t e r s v s Bethel Baptist. 9 :30 p .m M t. Eb e ne ze r vs Palestine. Saturday's schedule 6 :3 0 p .m S o u l W i n ne r s vs Mt. Ebenezer. 7 : 3 0 p m M t C a r m e l v s Church of God of Prophecy. 8:30 p.m. Church of God vs Seventh-Day. 9:30 p.m. S t. Marga ret's vs Palestine Baptist. spor ts NOTES By RENALDO DORSETT Tribune Sports Reporter rdorsett@tribunemedia.net THE DW Davis Pitbulls faced a much toug her fight to the finish in perha ps th eir t ou ghe s t t es t yet of th e s ea so n bu t t h e def en din g GSS SA Ju ni or B o ys champ ion s suc c e ssfu lly he ld o n fo r a seri e s c l in ch i ng w i n a n d c l a im e d t h e ir t hi rd c o ns e c ut i ve title. The Pitbulls withstood a late rally from t he T A T h om ps on Sco r pi on s to s weep th e ser ies and f inis h t he sea son w i th an unblemished record, 52-49. Rohann Adderly came up with a game c l in c hi n g st ea l a t h al f c o urt a s ti m e e x pi re d to deny the Scorpions an opportunity to hoist a shot on their final possession. T hr ee P itbu lls pl ac ed t hree player s in double figures led by Nigel Rolle with a side high 16 points. S h ami r Ro ll e fi n is h ed wi t h a d ou bl ed o u b l e wi t h 1 0 p o i n t s a g am e h i g h 1 4 re bo un d s a nd a g am e h ig h si x b lo c ks w hi le Wilton Johnson finished with 14 points. Fl o or g e n e ra l S h a k w o n Le w i s c o n tr ol l e d the pace of the Pitbulls offense with eight p o i n t s, f iv e r e b o u n d s a n d a g a m e s i x a ss i st s T he Pitb ulls led by doub le f igures for much of the contest, however the Scorpi on s clo sed to wit hin a si ngle po ss es s ion late in the fourth quarter. Shamir Rolle gave the Pitbulls and 11 p oi nt ad va nt ag e on a l ayu p f o r a 463 5 lead with 3:25 left to play. The Scorpions would respond with a 9T HE We s tm inis te r D iplom a t s w e r e r i d i n g an u n d e f ea t e d s e as o n f o r t h e p a s t f o u r y e a r s a s t h e y b e g a n t h e i r q u e s t f o r a n o th e r s en i o r b o ys b as k etb a l l c h a m p i o n s h i p t i t l e i n t h e B ah am as As so c ia ti o n o f In d e p e n d en t S eco n d ar y S c h o o ls Bu t o n M o n d ay n ig h t at t h e K e n d a l Is a ac s G ym n as i u m t h e S t J o h n s G i an t s sn ap p ed t h e i r w i n n i n g s t re ak wi t h t h ei r 8 179 d e ci si o n o ver t h e D ip l o m at s i n g ame o n e o f t h ei r s eri es Giants snap Diplomats streak SEE page 5E SEE page 4E SEE page 2E PITBULLS THREE-PEA T KNIGHTS ROUT PACERS 41-18 SEE STOR Y PG 3E D ef e a t S c o r p i o n s t o s we e p s e r ie s ST RONG TO THE HOOP: DW Dav is Pi tbul ls po int gu ard Sha kwon L ewis dri ve s to the b as ke t a gai ns t the defe ns e of the TA Tho mps on Sco rpion s. Le w is finis he d w it h e igh t p o i n t s f i v e r e b o u n d s a n d s i x a s s i s t s i n th e P i t b u l l s 5 2 -4 9 wi n a t t h e K e n d a l I s a a c s Gy m nasium to claim their third consecutive GSSSA Juinor Boys title. Tim Clarke /Tribune staff Tim Clarke /Tribune staff

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SPORTS P AGE 2E, WEDNESDA Y FEBRUAR Y 16, 201 1 TRIBUNE SPORTS By BRENT STUBBS Senior Sports Reporter bstubbs@tribunemedia.net T H E B a h a m a s A s s o c i a t i o n s o f At hle tic Assoc iat ion w ill be se ndin g tw o of th e to p hi gh s c hoo l di s t anc e r u n n e r s t o c o m p e t e i n t h e N o r t h A m e ri c a n a n d C e n t ra l Am e r i c a n a n d C arib bea (NAC AC ) C r o s s Co untry C h a m p i o n s h i p s L e o n a r d o F o r b e s a n d A u d l e y C ar ey, c oached by Bernar d Rolle, wil l b e le avi n g to wn o n F r id ay t o c omp ete on S aturda y in Trinida d at t he c h a mp io n sh ip s. The y a re ex p e c te d to return home on Sunda y. "The s e a re tw o exp erien ce d g uys so I expe ct t h em to do v ery w ell ," sa i d R ol le ye ste rd ay a t a t ea m m e mb er w ith th e a thlete s at the T h omas A. R obinson Trac k a nd Field Sta diu m R ol l e s a id w it h C ar e y h a v in g c om p eted be fore, he exp ec t th at he w ill p r o vide the suppo r t that new c omer Fo r b es w ill ne ed to get throug h the r a c e "I h a ven 't seen F orbes c o mpete a t tha t le ve l, but I'v e wa tch ed him h ere a t home and he h as perfo r m ed v er y well. So I expe ct great things from him ju s t as I do w ith C are y." Ca rey a 17 -ye ar-old 12 th g r a der at St. Augu sti ne's Coll e ge, will be c omp eting in his sec ond cross c ountry cha mpi onships, h avi ng a ttend ed th e 20 09 c ha mpio nships in O r ; and o, F l o r i d a I'm j us t lo ok in g fo rw a rd to go in g o v e r t h e re a n d r e p r e se n t i n g m y c o u n tr y to the best of my ab ility ," Ca rey s tre s se d. Hope fully I c an t ur n in a p e rs o na l b e s t B u t i f th e m e d a l c o m e I wi ll ta ke it." Having gotten a chance to compete be fore, Ca rey said he' s anti cipatin g a nothe r c om petiti ve cha mpionships be ca use all o f the c ountrie s i n t h e N o r t h A m e r i c a n a n d C ari bb ea n re g io n w il l b e c om pe ti ng I thi nk thi s is g oin g t o be a p ret ty good trip. It's a small tea m, but w e are e xpe ctin g some bi g thi ngs," he p r o j e c t e d F o r b e s a 12 3 t h g r a d e r at Z i o n Christia n Ac ade my, wi ll be mak ing his de but, but h e's j ust as e ag er to com pete as Ca r e y. I m g oing for the first ti me, but I w i l l t r y t o g o f o r t h e g o l d h e s t r e s s ed I wa n t t o r e pr e s en t m y co unt ry to th e be st of m y ab ili ty a nd hope fully do very w ell. Alth ough he's ne ve r b een to the cha mpionships, F o r be s s a id he ha s h e a r d h o w i n t e n s e t h e c o m p e t i ti o n i s s o he just w ant to go out a nd pe r form a s best a s he co uld. As fo r t he t eam, F or bes s aid "I fee l p rett y g ood a bo ut th e tw o o f us. Hope fully w e c an both g o o ut there and do our PR. If w e c an do that, I m con fiden t t hat w e wi ll perform very w ell and co uld get a c ha nce to com pete for a me dal. F o r b e s w a s t h e w i n n e r o f t h e B A A A s N a t i o n a l H i g h S c h o o l C r o s s C o u n t r y C h am p i o n s h i p s i n Novembe r beating out Carey in a keenly co ntes te d matc h-up a t For t C h a r l o t t e T o p h i g h s c h o o l r u n n e r s t o c o m p e t e i n t h e N A C A C READ TO RUN: Coach Bernard Rolle is pictured left along with the two distance runners he will take to the NACAC Cross Country Championships this weekend in Trinidad. They are Audley Carey and Leonardo Forbes. By BRENT STUBBS Senior Sports Reporter bstubbs@tribunemedia.net A T H L E T E S w i s h i n g t o m a k e t h e v a r i o u s n a t i o n a l t e a m s t h i s y e a r wi l l h a v e a g olde n oppo r tun ity to qua lif y t h i s w ee k e n d w h e n t h ey c omp ete i n the ei ghth a nnua l C lub Monic a Ath letic s Trac k a nd Fi eld Cl assic. T h e c l a s s i c w i l l b e g i n o n F r i d ay a t 6 p. m. a t the Thom as A. R obin s o n T ra ck a nd Fie ld S tadiu m and w rap up on Sa tu r d ay a t noo n. The mee t wi ll b e en a bl e a t hl e te s to c om pe t e i n b o t h t h e h e a t s a n d t h e f i n a l s W e' v e h a d se v e n v er y su c c e s sfu l trac k an d fie ld c lassic s starting from 20 04 a nd hav e av er age d appr oximately 80 0 a thle tes in c ompe tition, sa id Clu b M on i ca p r es i de n t a nd h e a d c o a c h D i a n n e W o o d s i d e At h le t es w i l l g e t th e c h a nc e t o q u a l i f y f o r t h e C a r i f t a Games, scheduled for March 2 3 2 5 i n M o n t e g o B a y J a m a i c a ; t h e J u n i o r P a n American Championships in Mi r ama r Fl or i da f r om Ju ly 29 3 1 a n d t h e W o r l d Y o u t h C h a m p i o n s h i p s i n L i l l e France from July 6-10. While the focus will be on th e athl ete s a ttemp ting in th e under-17 and open divisions t o qua lif y for the j uni or inte rnational meet s, athl etes will also compete in the under-7, u nde r-9 un de r 13 a nd u nde r15 divisions. W o o d s i d e s a i d t h e y a r e e x p e c t i n g a t h l e t e s f r o m G r a n d B a h a m a E x u m a E l eu the ra an d And ros to joi n al l of t h e l o ca l c l ub s i n t he meet over the weekend. "The g irls are a lwa ys e xc iti n g s o w e a re a n t i c i p a ti n g t h a t the 100, 200 and 400 metres w i l l a l l b e v e r y e x c i t i n g Woo ds i de s ai d. "O f co ur s e, w e w i l l h av e th e he a t s an d t h e finals, so you should end up seeing the top eight athletes mat ch ed a gai ns t each ot he r in the final." W i t h t h e se a s o n w e l l u n de rway, Woodside said the fans c an expect t o see so me sti ff competition because the ath l e t e s a l l s h o u l d b e i n v e r y g o o d s ha p e a t th i s p oi n t i n t h e season. N a t i s k a J o h n s o n a 1 0 t h grader at St. Andrew's High S c h o o l h a s j u s t r e c e n t l y j o i n e d C l u b m o n i c a T r a c k Club, but she indicated that s he's quite pleas ed w it h her pr ogress going into the me et. T h is we ek en d, I'm ho pin g t h a t I c a n q u a l i f y f o r t h e Ca ri ft a G a me s in t he 3 00 hu rdle s in th e un de r-1 7 g irl s d iv ision," said Johnson, who has been c onve r te d by Wood s i de f r om th e spr in ts to t he hur dles. La st w e e k e nd I w a s d oi n g very good, but I fell over the h u r d l e s s o I m h o p i n g t h i s w eek en d, I ca n i mp r ove on my performance and qualify for Carifta." Jo h n s o n a s s u r e d t h e f a n s that they can expect to see a v e r y c o m p e t i t i v e m e e t t h i s weekend. C h a r le s S e a l y a 1 6 y e a r -o l d 11 th g ra de r a t St Au gu sti ne 's Co ll eg e, ha s a lre a dy q ua li fie d for the u nder-2 0 boys jav eli n, b u t h i s g o a l i s t o d u p l i ca t e t ha t feat for the Jr. P a n Ams. "I will have to go out and do my best because the com peti tion i s v ery stiff in m y ag e gr ou p th e u n de r2 0 d iv i si on Sealy stated. "But this is our m e et so I have t o really go out there and perform at my best." T r a i n e d b y W o o d s i d e a fo rm e r n a ti o na l r e c or d ho l de r in the women's 100 hurdles, said he ws coming back from a f o u r m o n t h b r e a k f r o m competing. "B ut wh at s h e t au gh t me fo u r m o nt h s a g o I w a s a b l e t o bu i ld on th a t, so i t j us t sg h ow s that what she tells you really st ic k, S e a l y p ro c l a i m e d S h e r e a l l y k n o w w h a t s h e s doing." E i g h t h a n n u a l C l u b M o n i c a A t h l e t i c s T r a c k a n d F i e l d C l a s s i c s e t f o r t h i s F r i d a y T R ACK MEE T : Coac h D i anne Woods ide is p ictu r e d in the mid dle of the pa ck o f he r a thle tes from the Cl ub Monic a Trac k Club T he clu b w il l h ost its 8th a nnua l tr a ck a nd fie ld meet this weekend at the Thomas A. Robinson Track and Field Stadium. By BRENT STUBBS Senior Sports Reporter bstubbs@tribunemedia.net A N OT HE R t o u r n a m en t a n ot h er t i t le f or t he T em p le C h r i s t ia n Su n s T h i s t i m e t h e i r f e a t w a s achived in Grand Bahama at t h e H OY T E S Pr im a r y Ba s ketball Tour na ment over the w e e k e n d Co m p e t i n g a ga i n s t s e ve n g i r l s t e a m s t h e S u n s o u t s h o n e t h e m a l l t o r e m a i n u n d e f e a t e d i n w i n n i n g t h e t i t l e w i t h a 1 3 6 d e c i s i o n over the Tabernac le Falc ons. I t w as r o u gh o n o ur g i r l s b e c a u s e t h e y w e r e n o t a s f u n d am e n t a l l y s o u n d a s we w e r e s a i d T e m p l e C h r i s t i a n A c ad e m y s co a c h K e n o D e m e r i t t e B u t o u r g i r l s k e p t t h e i r c o m p o s u r e a n d t h ey p u l l e d i t o f f C h i n a C u r r y t h e t e a m s b e s t p e r f o r m e r a l l s e a s o n l o n g w a s n a m e d t h e m o s t v a l u a b l e p l a y e r B u t D emeri tte sai d T iff any H ann a w a s j u s t a s e f f e c t i v e i n t h e mi dd l e f o r t he S un s f in is hing with six points to C ur r y s s e v e n I t w a s t h e f o u r t h t i t l e f o r t h e ye a r f o r t h e S u n s w h o h a v e n o t l o s t a ga m e in t h e l a s t s i x ye ar s as t he y co n ti n u e t h e i r d o m i n a n ce o n t h e p r i m a r y s ch o o l l e v e l T e mp l e Ch r i s t i a n A cad e my carr ied a tot a l of 27 playe r s i n c l u d i n g t w o b o y s t e a m s H o w e v e r t h e b o y s t e a m w a s s p i l t i n t w o a n d they produc ed varied results. T h e S u n s A t ea m l e d b y R u m a l o E l l i s K i n d i n o B r o w n D a r r e n P i e r c e a n d Najee W i nder, fini shed thir d a f t e r p l a y i n g f o u r g a m e s b a c k t o b a c k t o g e t a s h o t at advancing to the final, but D e m er i t t e s a i d f a t i gu e t o o k o v e r a n d t h e y f el l s h o r t T h e y l o s t t o H u g h Ca m p b ell wh o we nt on to wi n t he b o y s t i t l e b e a t i n g o u t t h e C a t h o l i c P r i m a r y S c h o o l s c h a m p i o n s S t C e c i l i a s S t r i k e r s w h o w e r e s h o r t h a n d e d T h e S u n s B t e a m p l ay e d t w o g a m e s b u t t h e y l o s t t h e i r o p e n e r b y o n e p o i n t a n d w a s j u s t s i m p l y o u t m a t ch e d in t he o t h e r G le n r o y A n d e r s o n w a s t h e k e y p l a y e r o n t h e s q u a d Th ey were joined by T emp l e C h r i s t i a n A c a d e m y s pr incipal, Charmaine Por ter, a nu mb er of p ar ent s and t he s ch o o l s t r a v el c l u b D e m e r i t t e a l s o p u b l i c l y t h an k e d h i s a s s i s t a n t c o ac h A nt hony Pa pa' P ind er, who t r a v el e d a n d p l a y ed a v i t a l r o l e i n t h e t e a m s s u c c es s H e h e l p s u s a l o t w i t h o u r b a s k e t b a q l l p r o g r am me ," De me r it t e s t at e d. I ca n r t p a y h i m s o I ca n o n l y t h a n k h i m f o r wh a t h e h a s d o n e f o r t h e t e am H e h a s b ee n a n i n s p i r at i o n f o r m e and to the player s on the t e a m Suns outshine Falcons to r emain undefeated LONG ISLAND Baseball Association opened its 2011 season on Saturday January 8th in grand style. The league continues to grow with 90 Players on 7 team's in two age brack ets: (Coach Pitch and 12 & Under). Long Island is looking forward to sending two teams to participate in the "9th Annual Andre Rodgers National Baseball Championship" scheduled for June this year. League President Dan Weightman and team is excited about the growth and participation from the kids on the island and are looking forward to a very successful year. LON G ISL AN D BA SE B ALL A SSOCI AT ION 2 0 1 1 S E AS ON Kr istoff Woo d, who s trugg l e d a l l d u r i n g t h e g a m e c an n e d a t h r e e p o i n t e r w i t h j u s t 1 .3 sec o n d s l ef t o n t h e cl o c k to s ea l th e u p set i n th e rematch of l a s t y e a r s c h a m pi o n s h i p s er ie s t h at w as n ever c o mp l et e d W o o d e n d e d u p w i t h j u s t f i v e p o i n t s al l c o mi n g in t h e f o u r th q u art er b u t o n ce aga in Ki er an M o r t i m er l ed t h e a t t a ck f o r t h e G ia n ts c o ach ed b y C h er co vi e We l l s, w it h a g a m e hi g h 2 9 A n w a r N ei l l y ad d e d 2 0 E a r n a l M u n r o e h ad 15 a nd An th o n y N ei l ly ch i p p ed i n wi t h ei gh t F o r t h e D ip lo m at s, co a ch ed b y G e n o B u l l a r d M a r a k o L u n d y s c o r e d 2 5 b e f o r e h e f o u l ed o u t ; Da n i el B u l l ard h ad 17 ; Van Hu t ch i n so n h ad n i n e b e fo r e h e al s o f o u l ed o u t; S te f a n M i l l e r h a d e i g h t a n d T h o mas M ack ey s even i n th e l o s s Gam e tw o o f t h e se ri es w i l l c o n t in u e o n F r i d ay al o n g w i th th e se n ior g irls a n d bo th the j u n i o r b o ys an d g ir l s. S t J o h n s i s al s o l ea d in g t h e Q u e en s C o l l e ge C o me t s 10 i n t h e s eni o r girl s aft er tak in g a 4233 vi ct or y in gam e o ne o n M o n d ay; th e Q u een s C o l l ege w o n 5 5 3 8 t o g o u p 1 0 o n d e f e n d i n g c h a m p i o n s S t Au gust in e's C ol lege Bi g Red M ac h i n e i n t h e j u n i o r b o ys a n d S t A u g u s t i n e s C o l l e g e s t u n n e d t h e T em p le Ch i r st i an S u n s 38 3 5 i n o ver t im e to sn a tc h a 10 l e ad i n th e j u n i o r gi r l s d i vi si o n T h e g a m e s w e r e p u s h e d b a c k d ue to the G o v er n m ent S e co n d ary S ch o o l s S p o rt s As so c i a ti o n u si n g t h e Ke nd a l I saa cs G y mn a s i u m t h i s w ee k f o r t h e i r be s t of t hr e e c h a m p i o n s h i p s er ie s as wel l Giants FROM page 1E

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SPORTS TRIBUNE SPOR TS WEDNESDA Y FEBRUAR Y 16, 201 1, P AGE 3E G S S S A S E N I O R C H A M P I O N S H I P S E R I E S A C T I O N By RENALDO DORSETT Tribune Sports Reporter rdorsett@tribunemedia.net A C H A N G E i n v e n u e p r o d u c e d a chang e in re su lt as the GSS SA Sen ior Champ io ns hi p Se ri es in b ot h di vis i ons w ould be exte nded to a third and de ciding gam e. I n t he S eni or Gi r ls di vis io n, th e C.R Walk er Knig ht s t oo k a l op si ded 4118 w i n ov e r th e R .M B ai le y P ac e rs, w h il e in t he S en io r B oy s d iv isi on t he Pa c e rs w on over t he C. C Sweet in g Cob r as 70 52 las t ni ght at th e Kend al I sa acs G ymna s i u m I n t h e g i r l s m a t c h u p t h e K n i g h t s d e f e ns iv e e f fo rt h e l d th e P a c e rs to j u st 2 2 percent s hoo ting, fi ve m ade f ield goals and s ix poi nts tot al in t he s ec o nd hal f. Tam eka Martin led t he K nig hts wi th a g am e hig h 1 2 po ints, J one tra K elly fini sh ed w ith ni ne po in ts a n d fo ur re b ou nd s wh i l e C h r i s t i n a W i l l i a m s a d d e d f o u r p oints a nd e igh t rebo unds. N i c k e t r y a G i l c u d l e d t h e P a c e r s w i t h s i x poin ts wh ile Rau nic e B utle r ad ded five Th e K ni gh ts j ump ed ou t to an ea rly 8 1 l e a d t h a n k s t o a p o t e n t f a s t b r e a k at ta ck a nd neve r lo oke d b ack en r o ut e t o t he win W i th a 1 4 -1 0 l e ad t he K nig ht s op e ne d up an 8 -2 run in cl ud in g si x in a ro w fro m M ar t i n t o t ak e a 22 -1 0 l ead wi t h 2 :3 0 l eft t o p lay Kell y ad ded a pai r o f f r ee t hr ows as t ime exp ir ed t o tak e a 2 5-12 lea d in to t he hal f. Th e P acer s f ail ed to th r eat en in th e s e c o n d h a l f a n d t h e l e a d r e a c h e d 2 0 p oin ts fo r t he f ir s t t im e on a f r ee th ro w f r om Omi nik a L o we. P ace r s l e ad i n g s c o r er A r i e l St u ar t wh o f i ni s hed wi th a do ub le do ub le in ga me one w as a virtu al no sho w i n g ame t h r e e d u e t o t h e K n i g h t s d e f e n s i v e e f f o r t St u ar t f o u le d ou t wi t h fi ve m in u t es left to play w it h just t w o p oints an d t w o r e b o u n d s a n d t h e P a c e r s d o w n 1 8 p o i n t s A c o n f i d e n t K n i g h t s H e a d C o a c h K en L i g ht b o ur n e s a i d t h e g am e t w o per f or man ce was ind icat ive o f t he s up p ort th e e nt ire C R W al k er Kn ig h ts f a mil y pl aced beh in d t he te am. "T h is was a f ul l t eam e ff or t fr om ou r a dmin istrati on strai ght dow n, our te ac he rs t he stu de nt s, e v ery o ne w as be hi nd us to day, h e s ai d, "We came t oget her at s c h o o l w e p r a y e d a n d f r o m e a r l i e r to da y we kn ew we wer e go in g t o w in th is ga me." L i gh tb ou r n e p r oj ect ed an ot h er l op s ide d win in gam e t hr ee f or h is t eam t o clai m y et ano th er cham pi ons hi p. "I t old my girls that th is team can not b e a t u s w h e n w e p l a y o u r g am e We p la y ed th e w ors t g a me w e c ou ld p ossi bl y pla y o n M ond ay. We mis s ed f re e s h ots e a sy la yu ps, p la ye d ba d d e fe nse bu t t he y st ill only beat us by f ive points Th e di ffe ren ce is wh at we came o ut h er e a nd di d t oda y, won by m or e t han 20 p oin ts to mor r ow, 50 poi nt s ." K n i g h t s r o u t Pa c e r s 4 118 HARD DEFENCE: Allanya Morris draws a foul on the Pacers' Ariel Stuart. TOUGH SHOT: Knights guard Toniquea Martin is fouled on her way to the hoop by the Pacers' Latasa Armbrister. ALL ALONE : Tameka Martin goes on to score two of her game high 1 2 poin ts to le ad the Pa c ers to a 41 -18 w i n in gam e two of t he GSSSA Senior Girls championship series. OVER THE TOP: Dovanya Moxey shoots a skyhook over the Pacers' Ashley Brown. DOWN THE LANE: Allanya Morris drives to the basket.

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SPORTS PAGE 4E, WEDNESDAY, FEBRUARY 16, 2011 TRIBUNE SPORTS P P H H O O T T O O S S : : T I M C L ARKE /T R IBUNESTAFF BASKET BALL J J U U N N I I O O R R B B O O Y Y S S : : Pitbulls vs TA Thompson Scorpions CELEBRATION: The Government Secondary Schools best of three championship series in each of its divisions continued yesterday as the venue shifted to the Kendal Isaacs Gymnasium. In Junior Girls play, the SC McPherson Sharks defeated DW Davis Pitbulls 30 23 to claim the title, In Junior Boys the Pitbulls claimed their their third consecutive title when they defeated the TA Thompson Scorpions 52-49. In the Senior divisons, both series will go to a third and deciding game. The CR Walker Knights won 52-49 over the RM Bailey Pacers while in Senior Boys the Pacers rebounded to take game two 70-52 over the CC Sweeting Cobras. Action from the games involving the Pit bulls and the Sharks is pictured here and on Page 5E. 2 run capped by Braymond Jones who converted a reverse layup to bring his team within four, 48-44 with 1:40 left to play. After a Pitbulls score, Tamiko Coakley brought the Scorpions within three with a three pointer from the top of the key. With a steal in the backcourt, the TA Thompson defence forced a turnover and Scorpions point guard Michael Bethel was fouled but failed to convert either shot at the line. Nigel Rolle sealed the win for the Pitbulls with a fastbreak layup to give his team a 52-47 lead with just 11 seconds left to play. "This was a hard fought win and we worked hard to get here all season," said Pit bulls Head Coach Mark Hanna, "These guys wanted this three peat and they put in the work to get here today." For the Scorpions, Rashad Davis led all scorers with 19 points and 10 rebounds, Jones finished with 13 points and seven rebounds while Coakley had 11 points and four rebounds including 2-4 shooting from beyond the arch. FROM page 1E Pitbulls thr ee-peat

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S PORTS TRIBUNE SPORTS WEDNESDAY, FEBRUARY 16, 2011, PAGE 5E BASKET BALL P P H H O O T T O O S S : : T IM C LARKE J J U U N N I I O O R R G G I I R R L L S S : : SC McPherson Sharks vs Pitbulls throw makes (12-9 to b e the difference to give the Sharks the edge. A fter a slow scoring first half, where the Sharks led just 8-5, both teams picked up the scoring slack considerably in the second with the Sharks maintaining a 22-18 advantage. "The girls really deserve this for as hard as they p layed today and as hard a s they played all season," said Sharks head coachP aula Clarke. Great "This was a year's worth of work that came together o n one night and it feels g reat to being a championship to SC McPherson." SC McPherson's Raven H epburn said her team's defence edge was the keyc omponent to the champi onship win. "We played really really good today especially on defence," she said. "We knew if we played good defense we could win t oday and that's what we wanted to do just follow i nstructions from our coach and we did that to win." F ROM page 1E Sharks take junior girls title