N ASSA U AND BAHAMA ISLANDS LEADING NEWSPAPER PLP investigates missing $500k V olume: 107 No.113FRIDAY, APRIL 8, 2011 PRICE 75 (Abaco and Grand Bahama $1.25 W EATHER PARTLY SUNNY HIGH 85F LOW 74F SEESECTIONB S P O R T S Investor safeguard demand on shabby Galleria treatment SEESECTION E Shockers even series THE Progressive Liberal P arty is investigating the dis appearance of nearly half a million dollars that wasr eportedly donated during the 2007 general election campaign. According to well placed s ources within the party, the funds were allegedly given to a party member who it is c laimed failed to turn it in to the partys national campaign offices. R eportedly, persons in the leadership of the party were notified of this incident on W ednesday during their cam paigning and introduction of new candidates. A t a meeting with a powerful investor, it was revealed to these party insid ers that this group was pre p ared to support the PLP financially once again but only if the funds could be giv e n directly to the party and not through an MP. Sources close to the lead P ar ty probes claim that donation not handedo v er by member TRY OUR D OUBLE M cFISH The Tribune THEPEOPLESPAPER BIGGESTANDBEST L ATESTNEWSONWWW.TRIBUNE242.COM BAHAMASBIGGEST CARSFORSALE, HELPWANTED ANDREALESTATE I N S I D E B y N E I L H A R T N E L L T r i b u n e B u s i n e s s E d i t o r C a b l e & W i r e l e s s C o m m u n i c a t i o n s ( C W C ) y e s t e r d a y p l e d g e d t o r a i s e t h e B a h a m a s T e l e c o m m u n i c a t i o n s C o m p a n y s ( B T C ) o p e r a t i n g i n c o m e m a r g i n s t o b e s t i n c l a s s l e v e l s t h e l a t t e r s n e w c h i e f e x e c u t i v e t a r g e t i n g o p p o r t u n i t i e s t o d r i v e s m a r t p h o n e s i n t o i t s b u s i n e s s m o d e l a n d p o s i t i o n i t a t t h e f o r e f r o n t o f t h e g l o b a l d a t a b u s i n e s s G e o f f H o u s t o n a d d r e s s i n g t h e m e d i a f o r t h e f i r s t t i m e a s B T C s h e a d e x e c u t i v e f o l l o w i n g c o m p l e t i o n o f C W C s $ 2 1 0 m i l l i o n a c q u i s i t i o n o f a 5 1 p e r c e n t s t a k e i n t h e f o r m e r s t a t e o w n e d c a r r i e r s a i d B a h a m i a n s w o u l d c e r t a i n l y s e e c h a n g e s w i t h i n t h e n e x t t h r e e m o n t h s a s t h e n e w m a j o r i t y o w n e r t a r g e t s a 1 0 0 d a y p l a n t o m a k e a n i m m e d i a t e i m p a c t E x p l a i n i n g t h a t t h e s e c h a n g e s c o u l d i n v o l v e e v e r y t h i n g f r o m e n h a n c e d c u s t o m e r s e r v i c e i n B T C s r e t a i l s t o r e s t h r o u g h t o p r o d u c t p r i c i n g M r H o u s t o n s a i d C W C w a s a i m i n g t o l e v e r a g e t h e c o m p a n y s e x i s t i n g a s s e t s a n d i n f r a s t r u c t u r e t o d e l i v e r a n i m p r o v e d b r o a d b a n d I n t e r n e t o f f e r i n g w i t h g r e a t e r s p e e d s p l u s l a u n c h o t h e r p r o d u c t s a n d i m p r o v e p r i c i n g P r o d u c t b u n d l i n g l i k e l y v i a a T r i p l e P l a y p a c k a g e o f p h o n e I n t e r n e t a n d T V s e r v i c e s i s a l s o o n t h e c a r d s a l o n g w i t h t h i r d g e n e r a t i o n ( 3 G ) a n d f o u r t h g e n e r a t i o n ( 4 G ) t e c h n o l o g y C W C h a s a l s o p r e v i o u s l y i n d i c a t e d i t s p l a n s t o i n t r o d u c e e n h a n c e d b r o a d b a n d d a t a s e r v i c e s a n d T V f o r c e l l u l a r p h o n e s T o n y R i c e C W C s L o n d o n b a s e d c h i e f e x e c u t i v e t o l d a n a l y s t s b a c k i n D e c e m b e r 2 0 1 0 t h a t t h e c o m p a n y w a s s e e k i n g t o r e d u c e B T C s c o s t s a n d i m p r o v e e f f i c i e n c i e s w i t h t h e S E C T I O N B b u s i n e s s @ t r i b u n e m e d i a n e t F R I D A Y A P R I L 8 2 0 1 1 T H E T R I B U N E $ 5 2 3 $ 5 2 1 $ 5 2 3 B y N E I L H A R T N E L L T r i b u n e B u s i n e s s E d i t o r T h e B a h a m a s T e l e c o m m u n i c a t i o n s C o m p a n y ( B T C ) i s 7 5 p e r c e n t c o m p l e t e o n t h e i n s t a l l a t i o n o f i t s $ 5 5 m i l l i o n N e x t G e n e r a t i o n N e t w o r k ( N G N ) T r i b u n e B u s i n e s s w a s t o l d y e s t e r d a y a s i t s f o r m e r a c t i n g p r e s i d e n t / c h i e f e x e c u t i v e e x p l a i n e d h o w i t h a d b e e n d i s a d v a n t a g e d a s a s t a n d a l o n e o p e r a t o r M a r l o n J o h n s o n B T C s v i c e p r e s i d e n t o f s a l e s a n d m a r k e t i n g t o l d t h i s n e w s p a p e r o f t h e N G N p r o j e c t w h i c h a i m s t o t r a n s i t i o n t h e c o m p a n y s i n f r a s t r u c t u r e t o a n I n t e r n e t P r o t o c o l ( I P ) p l a t f o r m : W e r e a b o u t 7 5 p e r c e n t o f t h e w a y t h e r e a n d i t s c l e a r p a r t o f t h e s t r a t e g y i s g o i n g t o b e h o w w e l e v e r a g e t h a t p l a t f o r m M r J o h n s o n w a s s p e a k i n g t o T r i b u n e B u s i n e s s a f t e r a p r e s s c o n f e r e n c e c a l l e d b y B T C s n e w m a j o r i t y o w n e r C a b l e & W i r e l e s s C o m m u n i c a t i o n s ( C W C ) t o a n n o u n c e i t s p l a n s f o r t h e f o r m e r s t a t e o w n e d t e l e c o m m u n i c a t i o n s c a r r i e r g o i n g f o r w a r d K i r k G r i f f i n B T C s f o r m e r a c t i n g p r e s i d e n t a n d c h i e f e x e c B T C 7 5 % c o m p l e t e o n N G N n e t w o r k F o r m e r C E O s a y s c a r r i e r w a s d i s a d v a n t a g e d t h r o u g h a b s e n c e o f s c a l e e c o n o m i e s a n d d i f f i c u l t y i n g e t t i n g r o a m i n g a g r e e m e n t s B T C n o w h a s m o r e t h a n 1 0 0 r o a m i n g a g r e e m e n t s b u t m a r k e t i s b i g e n o u g h f o r a r o u n d 4 0 0 C W C p l e d g e s b e s t i n c l a s s o p e r a t i n g m a r g i n s f o r B T C N e w m a j o r i t y o w n e r a i m i n g t o d r i v e s m a r t p h o n e s i n t o B T C b u s i n e s s m o d e l a n d p o s i t i o n i t a t f r o n t o f d a t a b u s i n e s s B a h a m i a n s t o c e r t a i n l y s e e c h a n g e s i n 3 m o n t h s v i a 1 0 0 d a y p l a n E c o n o m i e s o f s c a l e s o u g h t f r o m L I M E b r a n d l e v e r a g e P L E D G E : N e w B T C C E O G e o f f H o u s t o n a n d o u t g o i n g A c t i n g P r e s i d e n t K i r k G r i f f i n S E E p a g e 2 B S E E p a g e 5 B M A R L O N J O H N S O N B y N E I L H A R T N E L L T r i b u n e B u s i n e s s E d i t o r T h e B a h a m a s C h a m b e r o f C o m m e r c e a n d E m p l o y e r s C o n f e d e r a t i o n ( B C C E C ) i s w o r k i n g w i t h t h e C a r i b b e a n E x p o r t D e v e l o p m e n t A g e n c y ( C E D A ) t o e s t a b l i s h a C o a l i t i o n o f S e r v i c e s O r g a n i s a t i o n s i n t h i s n a t i o n a m o v e d e s i g n e d t o h e l p b u s i n e s s e s b e t t e r e x p l o i t t h e p o t e n t i a l o p p o r t u n i t i e s f r o m t h e E c o n o m i c P a r t n e r s h i p A g r e e m e n t ( E P A ) s o m e t h i n g t h e B a h a m a s h a s n o t d o n e a v e r y g o o d j o b o n W i n s t o n R o l l e t h e B C C E C s c h i e f e x e c u t i v e t o l d T r i b u n e B u s i n e s s y e s t e r d a y t h a t t h e p r o s p e c t s f o r B a h a m i a n b u s i n e s s e s t o o b t a i n g r a n t f u n d i n g f r o m t h e E u r o p e a n U n i o n s ( E U ) 1 0 t h E u r o p e a n D e v e l o p m e n t F u n d ( E D F ) w a s v e r y g o o d o n c e t h e c o r r e c t i n f r a s t r u c t u r e a n d s u p p o r t w a s p u t i n p l a c e A C E D A r e p r e s e n t a t i v e f r o m t h e D o m i n i c a n R e p u b l i c h e a d d e d w a s d u e t o v i s i t t h e B a h a m a s n e x t w e e k t o d i s c u s s t h e c r e a t i o n o f a S e r v i c e s C o a l i t i o n w i t h t h e C h a m b e r a n d M r R o l l e t o l d T r i b u n e B u s i n e s s : T r a d e a n d g o o d s i s r e l a t i v e l y [ s i m p l e ] b u t t h e t r a d e i n s e r v i c e s i s g e t t i n g a b i t m o r e c o n v o l u t e d b e c a u s e w e h a v e s o m a n y d i f f e r e n t s e c t o r s t h a t c a n b e o f f e r e d A l o t o f c o u n t r i e s h a v e r e a l i s e d t h a t i t i s m o r e a d v a n t a g e o u s r a t h e r t h a n h a v i n g d i s p a r a t e o r g a n i s a t i o n s t o h a v e a S e r v i c e s C o a l i t i o n b e c a u s e g e t t i n g i n t o t h e n e g o t i a t i o n s y o u c a n g o t o a s i n g l e o r g a n i s a t i o n t o d i s c u s s t h e i s s u e s a t h a n d a n d g e t t h e v a r i o u s i n d u s t r i e s p e r s p e c t i v e s o n t h e n e g o t i a t i o n s Y e t i n t h e B a h a m i a n c o n t e x t M r R o l l e a d d e d : T h a t [ f o r m i n g a S e r v i c e s C o a l i t i o n ] i s g o i n g t o b e a c h a l l e n g e f o r u s A l o t o f s e r v i c e s i n d u s t r i e s h a v e n o t g o t t o t h e p o i n t w h e r e t h e y h a v e t h e i r o w n o r g a n i s a t i o n s S p e a k i n g a f t e r r e t u r n i n g f r o m t h e F o u r t h A n n u a l F o r u m f o r B u s i n e s s S u p p o r t O r g a n i s a t i o n s i n t h e C a r i b b e a n h e l d i n J a m a i c a M r R o l l e a d d e d : W h e n w e t a l k a b o u t t h e S e r v i c e s C o a l i t i o n i t s n o t o n l y t o g e t E D F g r a n t f u n d i n g E u r o p e w a n t s t o l o o k a t t r a d e i n b o u n d a n d o u t b o u n d W e n e e d a c o l l a b o r a t i o n w i t h E u r o p e t o s e e w h a t t h e p r o s p e c t s a r e f o r c r o s s b o r d e r t r a d e o u r c o m p a n i e s a n d p r o f e s s i o n a l s g o i n g i n t o E u r o p e t h e i r p r o f e s s i o n a l s a n d c o m p a n i e s c o m i n g h e r e T h e o t h e r t h i n g w e r e l o o k i n g a t i s p a r t o f t h e m a j o r c h a l l e n g e o f a c c e s s i n g g r a n t f u n d i n g O n e i t s u n d e r s t a n d i n g h o w t o g e t i t u n d e r s t a n d i n g w h a t t h e r e q u i r e -S E E p a g e 3 B B y N E I L H A R T N E L L T r i b u n e B u s i n e s s E d i t o r T h e G o v e r n m e n t w a s y e s t e r d a y u r g e d t o t i g h t e n a n d e x t e n d m i n o r i t y i n v e s t o r p r o t e c t i o n i n t h e r e f o r m e d S e c u r i t i e s I n d u s t r y A c t t o t h o s e w h o i n v e s t e d i n p r i v a t e B a h a m i a n c o m p a n i e s v i a P r i v a t e P l a c e m e n t M e m o r a n d u m s ( P P M s ) a f o r m e r l e a d i n g a c c o u n t a n t h a v i n g c o m p l a i n e d t o t h e A t t o r n e y G e n e r a l a b o u t t h e a l l e g e d s h a b b y t r e a t m e n t h e a n d h i s w i f e r e c e i v e d f r o m G a l l e r i a C i n e m a s B i l l H o g g w h o h e a d e d t h e c o r p o r a t e s e r v i c e s d e p a r t m e n t a t B a h a m i a n a c c o u n t i n g f i r m B D O M a n n J u d d f o r 2 0 y e a r s i n a 1 2 p a g e l e t t e r s e n t t o J o h n D e l a n e y i n l a t e J a n u a r y 2 0 1 1 c o m p l a i n e d t h a t a f t e r i n v e s t i n g i n t h e c i n e m a o p e r a t o r s t w o P P M s i n 1 9 9 6 a n d 1 9 9 7 p r o v i d i n g f i n a n c i n g t o h e l p i t s t a r t o p e r a t i o n s h e a n d h i s w i f e w e r e d e n i e d a c c e s s t o a n y a u d i t e d f i n a n c i a l s t a t e m e n t s o n h o w t h e c o m p a n y w a s p e r f o r m i n g O u t l i n i n g h o w G a l l e r i a m a n a g e m e n t r e p e a t e d l y s t o n e w a l l e d t h e m i n t h e i r a t t e m p t s t o o b t a i n f i n a n c i a l I n v e s t o r s a f e g u a r d d e m a n d o n s h a b b y G a l l e r i a t r e a t m e n t S E R V I C E S C O A L I T I O N S O U G H T n C i n e m a o p e r a t o r : W e f u l l y c o m p l i e d w i t h e v e r y a s p e c t o f l a w n G o v e r n m e n t u r g e d t o a m e n d u p c o m i n g S e c u r i t i e s B i l l t o p r o v i d e m i n o r i t y i n v e s t o r p r o t e c t i o n o v e r p r i v a t e o f f e r i n g s n C a l l f o r l e g i s l a t i o n t o m a n d a t e t h a t a l l p r i v a t e c o m p a n y i n v e s t o r s g e t a u d i t e d f i n a n c i a l sS E E p a g e 4 B B y N E I L H A R T N E L L T r i b u n e B u s i n e s s E d i t o r T h e G o v e r n m e n t w a s y e s t e r d a y u r g e d t o f a c i l i t a t e t h e c r e a t i o n o f c r i t i c a l m a s s f o r t h e e c o n o m i c d e v e l o p m e n t o f F r e e p o r t a l e a d i n g a t t o r n e y a r g u i n g t h a t a t t e m p t s t o d i l u t e t h e H a w k s b i l l C r e e k A g r e e m e n t s p o w e r s h a d h e l p e d p u s h t h e c i t y i n t o a r e c e s s i o n a r y b a c k w a t e r S p e a k i n g a f t e r a t h r e e d a y S u p r e m e C o u r t t r i a l o v e r C a b l e B a h a m a s J u d i c i a l R e v i e w c h a l l e n g e t o t h e U t i l i t i e s R e g u l a t i o n & C o m p e t i t i o n A u t h o r i t y s ( U R C A ) d e m a n d t h a t i t p a y $ 7 8 0 0 0 i n f e e s f r o m i t s F r e e p o r t I n t e r n e t o p e r a t i o n s a n a c t i o n t h a t a g a i n r a i s e d c r i t i c a l i s s u e s s u r r o u n d i n g t h e H a w k s b i l l C r e e k A g r e e m e n t F A C I L I T A T E C R I T I C A L M A S S F O R F R E E P O R T A t t o r n e y a r g u e s c i t y t u r n e d i n t o r e c e s s i o n a r y b a c k w a t e r b y e f f o r t s t o d i l u t e H a w k s b i l l C r e e k A g r e e m e n tS E E p a g e 2 B B U S I N E S S SEE page 10 IMMIGRATION officers picked up 30 suspected illegal immigrants during a widespread apprehension exercise in southwest New Providence yesterday. Assisted by the Royal Bahamas Defence Force, the morning exercise included Carmichael Road, Cowpen Road, Faith Avenue, and a roadblock at Gladstone Road and JFK Drive. Twenty-four Haitians were apprehended, including one woman and two young adults. Six Jamaicans were also apprehended, four of whom were women. Immigration Director Jack Thompson said: "We conducted several operations, continuing our effort to identify those per30 SUSPECTED ILLEGAL IMMIGRANT S PICKED UP SEE page 10 C OB WEL C OMESNEWPRESIDENT A WOMAN was stabbed to death yesterday in ana lleged domestic dispute in S outh Beach. Police found the woman lying on her back with multi-p le stab wounds all across W OMAN IS STABBED TO D EATH AFTER ALLEGED DOMESTIC DISPUTE SEE page 10 By TANEKA THOMPSON Tribune Staff Reporter firstname.lastname@example.org IN spite of the "buyer beware" threat from Opposi-t ion Leader Perry Christie, C able and Wireless Commu nications has said it is confi d ent the company can work with successive governments. C ABLE & WIRELESS ONFIDENT IT CAN WORK WITH SUCCESSIVE GOVTS SEE page 10 THE five-year-old Canadian girl who was involved in an accident at the Atlantis resort water park has died. Police Chief Superintendent Emerick Seymour said the girl died yesterday, a day after the accident. He declined to identify her or to provide any details about what happened. Kerzner International issued a statement saying the child drowned and the company was doing "everything in our power to assist the family." The Aquaventure Water Park at Atlantis has several pools, water slides and a river ride. In August 2000, a 12-year-old boy died after he was sucked into a drain while snorkeling with his brother in the resort's lagoon. GIRL INV OL VED IN ATLANTIS WATER PARK ACCIDENT DIES T HE COLLEGE o f the Bahamas offi cially welcomed i ts new president y esterday. Betsy Boze had her investiture at the COB Performing Arts Centre. SEE PAGE TWO By CELESTE NIXON Tribune Staff Reporter c email@example.com CABLE & Wireless Comm unications will introduce BTC customers to the next generation of network technology extending the rangeo f smartphones, increasing the speed of broadband and possibly offering Pay TV, NEXT GENERATION OF NET W ORK TECHN OLOGY FOR BTC CUS TOMERS SEE page 10 NIGHTLIFE on Bay Street could face considerable challenges this month when infra structure upgrades for the area get under way. Water mains and sewer lines along Bay Street are scheduled for upgrades starting April 26, according to civil design officials within the Ministry of Public Works and Transport yesterday. The works will largely consist of night-time operations, encompassing Nassau Court to East Street. According to offi cials, there will be minimal affect to daytime traffic flow. No further information could be given on the contract as various stakeholders were unavailable for comment up to press time. However, further information is expected to be published through paid advertisements in print and radio media next week. B AY STREET SET F OR UPGRADES T O INFRAS TRUCTURE F e l i p M a j o r / T r i b u n e s t a f f
LOCAL NEWS P AGE 2, FRIDA Y APRIL 8, 201 1 THE TRIBUNE The Investiture of the new COB pesident B E T S Y B O Z E P h D FelipÂŽ Major /T ribune staf f T HE COL LE GE o f th e Ba h am a s Co n ce rt C ho ir pe rf orm s a t th e i nv e s ti ture of the new president Betsy Boze yesterday at the College Per forming Arts Center. J EN NIF ER Is a a c sDot s on p re s id e nt o f th e u ni on Of te rti a ry E d uc a ti on of the Bahamas welcomes the new president Betsy Boze. NEW president Betsy Boze addresses attendees of the ceremony yesterday at the College Performing Arts Center. CHAIRMAN of The College of the Bahamas Baswell Donaldson presents new COB president Betsy Boze with the College's Medallion. NEW COB president Betsy Boze (right) applauds during the ceremony.
EDITOR, The Tribune. L ENTis a very good time f or persons to reflect on their lives and what is going on around them, and if yourp osition in society is one where that influence extends beyond lifes normal pale, reflection becomes a necess ity. It is possible to spend too much time having something to say for the sake of h aving something to say. T he Leader of the Opposit ion may have found himself in this position. With the possible upturn of the econo my looming, one would think that a politician would b e more tactful in his remarks about anything that is a part of the machinery t hat impacts the lives of persons who vote. H is public statements about BTC make good copy, but if he has beenl ooking, he will see that he has been making these statem ents alone. If I did not know better, I would think t hat he was being set up. Going on record that the BTC deal will not stand will put him in a quandary if his party is elected and hek eeps his promise to have a n inquiry into the BTC sale. He will have to bear the scrutiny of his own judgment, where comparisonsa re sure to be made between a deal that was able to stand and a deal that could nots tand, as the inquiry will have to cover the BTC privatisation process, not just the sale to CWC. I t is very difficult to be an O pposition leader in a time frame where it looks like the party you are opposing mayb e the caretakers of an econ omy that is going into an upturn. I will admit that this administration is spending al ot of money, but a lot of what they are spending can be seen. I am still concerned about the progress of the road-work, but those concerns are just incidental because it is common knowledge that most of the stuff we are seeing now could have been completed if all of the administrations were doing their work since 1967. It is just lately that political wannabees are speaking about their visions for the Bahamas, but it may b e too late for us; the vision b elongs to the persons who are prepared to spend their m oney in this country, but w e (Bahamians o ccupied with talking about it. We cannot continue to support a status-quo that isb ased on the money from government agencies or foreign investment; the latter may find it convenient but the former cannot survive its continuation. The Leader of the Oppos ition and his party have a c ouple of adversaries who w ill be speaking by their presence in the nationall andscape: The Airport Proj ect, the new Straw-Market, an expanding infrastructure, rising oil prices that will cause an increase in tourist arrivals from the US, the possibility of having a road s ystem that really works and a n economy that may be heading into an upturn. Bahamians have very shortm emories if they can move around and pay their bills. It is time to change the spiel, anyone can be negative w hen things are going bad, but you cannot afford to let it continue for too long, if y ou see yourself as a r eplacement; common sense w ill tell you that you have to embody some of the positively that you will have to b ring forth as leader. It is not sensible to think your w ords and attitude are going to change overnight, people have to see and hear certain t hings from prospects; it is not enough to spend a lot of t ime promoting negativity in the name of nave political expediency. EDWARD H UTCHESON Nassau, A pril 4, 2011. E DITORIAL/LETTERS TO THE EDITOR P AGE 4, FRIDAY, APRIL 8, 2011 THE TRIBUNE The Tribune Limited NULLIUS ADDICTUS JURARE IN VERBA MAGISTRI Being Bound to Swear to The Dogmas of No Master LEON E. H. DUPUCH, Publisher/Editor 1903-1914 SIR ETIENNE DUPUCH, Kt., O.B.E., K.M., K.C.S.G., (Hon. Publisher/Editor 1919-1972 Contributing Editor 1972-1991 EILEEN DUPUCH CARRON, C.M.G., M.S., B.A., LL.B. Publisher/Editor 1972Published Daily Monday to Saturday Shirley Street, P.O. Box N-3207, Nassau, Bahamas Insurance Management Building., P.O. F-485, Freeport, Grand Bahama Leader of the PLP made BTC remarks alone LETTERS l firstname.lastname@example.org Where is the space shuttles last stop? Now through Sat Apr 16 on Mackey StDURING NASSAU GLASS COMPANYSART GALLERY & LIGHTING CENTREPre~Inventory SaleA M O S F E R G U S O N O R I G I N A L SN o w t h r o u g h S a t u r d a y A p r 1 6L i m i t e ds u p p l y o fA m o sp a i n t i n g sa v a i l a b l e .D o n tm i s s o u to n N G C sS t o r e w i d e S a l e2 0 % 6 5 %o f f( e x c l u d i n g g l a s s d e p a r t m e n t& i t e m s o n c o n s i g n m e n t ) EDITOR, The Tribune. A N OBSERVATIONthat since ZNS divinely became a public service station do you notice it has become a propaganda machine for the government? In their news last evening at least three-items were d escribed as world-class and internationally famous a nd the comparison between Hartsfield International Air port, Atlanta (the busiest airport in the world hopes of our small LPIA was laughable but again and againt he writers and news-readers go overboard. So the public realises how stupid the comparison between LPIA and Hartsfield is note the following 1) Hartsfield has 186 gates. 2 ) 82 million passengers go through Hartsfield annually, LPIA might be 2 million. 3) Hartsfield employees 55,000. 4) Take-offs at Hartsfield 184 per hour, LPIA not in a day. 5 ) Annually 970k take-offs. Only Cubana Airlines and Air Jamaica use LPIA other than the established US Canadian and the one service through BritishAir (suspicion that will be reduced after Turks runway extension is completed). A tip to the News Writers of ZNS stick to the facts and avoid the adjectives and superlatives...there are few worldclass and internationally renowned places, amenities and facilities in The Bahamas so please quit using those words it falsely boosts what we have which in most areas is not to world or international standards and urgently needs upgrading to that standard if we are to survive. ABRAHAM MOSS Nassau, March 14, 2011. ZNS a propaganda machine for govt CAPE CANAVERAL, Florida As the 30th anniversary of the first space shuttle launch draws near, the focus is not so much on the past but the future: Where will the shuttles wind up o nce the programme winds down? Twenty-one museums and science and visitor centres around the country are vying for one of NASA's three retiring spaceships. They'll find out Tuesday on the 30th anniversary of Columbia's maiden voyage. Snagging Discovery, Atlantis or Endeavour for display doesn't come cheap. NASA puts the t ab at $28.8 million. Consider that a bargain. Early last year, NASA dropped the price from $ 42 million. One space shuttle is already spoken for the Smithsonian Institution is getting Dis covery, NASA's oldest and most travelled shuttle that ended its flying career last month. It will go to the National Air and Space Museum's hangar in Virginia and take the place of Enterprise, the shuttle prototype used for tests in thel ate 1970s. That frees up Enterprise for another museum, s o there will be three other winners a 1-in-7 chance. NASA Administrator Charles Bolden Jr., a former shuttle commander, is making the final decision, with input from a committee. He'll announce the winners Tuesday while marking the 30-year anniversary at Kennedy Space Centre, NASA's launch and landing site, andt he front-runner in the nab-a-shuttle race. The festivities could end up being delayed if the fed eral government shuts down. As the big day looms, shuttle suitors are getting anxious and pulling out all the stops. Even the prime contender, the Kennedy Space Centre Visitor Complex, is jittery despite its "knock your socks off" endorsement from NASA's shuttle launch director. The commer cially run tourist site wants to suspend the shut tle over visitors, with the payload bay doors wide open as if in orbit and the robot arm outstretched. "We're extraordinarily nervous. We don't sleep much these days," Bill Moore, chief operating officer for the visitor complex, said this week. "Three of anything in the world, it's going to get awfully competitive. And three of the shuttles, I think, even raises the bar." NASA originally had four space shuttles. Challenger was destroyed during liftoff in 1986, and Endeavour was built as a replacement. Then Columbia was lost in 2003. Columbia was the first to fly on April 12, 1981, 20 years to the day that Soviet cosmonaut Yuri Gagarin became the world's first spaceman. Tuesday will mark the 50th anniversary of his flight. Endeavour is set to soar late this month, and Atlantis will close out the shuttle programme with a summer liftoff. All this was set in motion in 2004 by President George W. Bush. President Barack Obama stuck to the shuttle-ending agenda, but cancelled Bush's moon exploration plans, preferring to have NASA aiming for an asteroid and Mars while private companies take over taxi trips to and from the International Space Station. Discovery, the first to be retired, should be ready this fall for its piggyback ride atop a modified jumbo jet to Washington. Before it can go on public display, the shuttle has to be drained of t oxic fuel and contaminated plumbing removed. NASA also wants to pull out some pieces for analysis, to help in the development of future spaceships. No main engines will be included; they're available separately to museums for merely transportation and handling costs. Community officials, from mayors to members of Congress, are making their final pitches to scorea shuttle, just over two years after the initial call went out. Plans for exhibition halls are getting g rander. Online polls are popping up, as well as online petitions. Astronauts are putting in their two cents' worth. In Houston, home to NASA's astronaut corps and Mission Control, four widows and one widower of the fallen Challenger and Columbia astronauts are speaking out. They'd like shuttlest o go to the Space Centre Houston tourist stop next door to Johnson Space Centre, Kennedy a nd the Smithsonian. For the other bidders, "we suggest that NASA share with them some of the invaluable pieces of the shuttle legacy," the astronauts' spouses wrote in a letter to Bolden. A main engine or other artifact wouldn't equal a shuttle, but the Tulsa Air and Space Museum and Planetarium in Oklahoma stillw ould embrace it. Curator Kim Jones' dream would be to land Enterprise, which made an appearance in Tulsa in 1979. "We're very hopeful. But yes, we're up against some big guns," Jones acknowledged Wednesday. "There are so many good choices across the country, so I don't really want any part and I'm not going to make a recommendation," Steven Lindsey, the commander of Discovery's final journey, told The Associated Press from orbit last month. Lindsey hopes Discovery is displayed so the "entire public can see Discovery as we see her, and as the people who have worked on her at Kennedy Space Centre see her." The skipper of the last shuttle flight, Christo pher Ferguson, is rooting for Houston. He'll fly Atlantis into orbit at the end of June on the 135th and final shuttle voyage. "To me, this is the centre of the human spaceflight universe," Ferguson told reporters last month at Johnson Space Centre. The $28.8 million price tag is based on NASA's estimate for transporting a shuttle from Kennedy to a major U.S. airport, atop a modified jumbo jet, and for displaying it indoors in a climate-controlled building. The cost will vary, depending on the locale. Kennedy's visitor com plex, for example, is just five miles down the road from the shuttle hangar, a short tow trip. "We're not quite sure how to pick it up over the guard gate," Moore said. "I told somebody today, I tell you what, we'll knock it down and build them a new one. It will still come out cheaper." (This article was written by Marcia Dunn, AP Aerospace Writer).
By DENISE MAYCOCK Tribune Freeport Reporter dmaycock@ tribunemedia.net F REEPORT Rev G lenroy Bethel, founder of Family for Justice, is calling for more prosecutors to be stationed at the Office of the Attorney General on G rand Bahama. H e believes that there is a need for more permanent lawyers considering then umber of cases heard in the countrys second city. For far too long the Grand Bahama community h as suffered without sufficient prosecutors to serve in our community. We are a ppealing to the governm ent to send prosecutors t o our community to assure that the vision that (Attor-n ey General) John D elaney communicated to the community be carried out so that people could trust the system, Rev Bethel said in a press release issued yesterday. Attorney General D elaney held a conference i n Grand Bahama a few months ago for religious l eaders and members of the c ommunity in an effort to i mprove relations between victims families and witnesses in violent crime cases. Rev Bethel said there continues to be a backlog of cases on Grand Bahama. I n an effort to alleviate this backlog, two prosecutors, one permanent, are on staff at the AttorneyG enerals Office in F reeport. A full-time Justice has a lso been appointed to deal w ith criminal matters in the Supreme Court on Grand Bahama. Rev Bethel said he supports Mr Delaneys vision, but feels it could only work for the community of G rand Bahama, particularl y if central government s upports the Attorney Generals Office in Freeport with adequate staff. This means sufficient p rosecutors to get the job done and improve relat ionship with the commun ity. The Attorney Generals Office in Freeport is understaffed, out of touch witht he community, and needs professional attorneys to serve the community of Grand Bahama. Because of the high crime rate Freeport has been experiencing and the b acklog of cases, our o rganisation felt it was n ecessary to agitate for c hange in the justice syst em, for permanent l awyers for the Grand Bahama office. Therefore, we call on the government to provide permanent lawyers for the Attorney Generals Office to better serve our comm unity, he said. LOCAL NEWS T HE TRIBUNE FRIDAY, APRIL 8, 2011, PAGE 5 By DENISE MAYCOCK Tribune Freeport Reporter email@example.com F REEPORT Family for Justice F ounder Rev Glenroy Bethel expressed concern that complaints of alleged corruption filed nearly five months ago against several police officers have yet to be addressed. He reported that the complaints involve 10 police officers of various ranks (constable, corporal, sergeant a nd inspector) in the Royal Bahamas P olice Force on Grand Bahama. The Family for Justice organisat ion had received information of a lleged police corruption involving 1 0 police officers of the Royal Bahamas Police Force. We had taken the position to investigate these alleged reports and we found it very disturbing that these 10 officers were allegedly involved in corrupt practices, claims Rev Bethel i n a press release. H e claims that the officers were accused of conspiracy to commit h ome invasion, illegal firearm possession, abuse of an official position and use of government property to commit a criminal act. The community activist said his organisation lodged official com-p laints with the senior assistant commissioner in charge of the Grand Bahama District. Rev Bethel claims that FFJ has yet to hear anything about the status of those complaints. It is our view that no complaint f rom the public should have to take f ive months to be addressed; service given to the public must be given with r espect, he said. So we make this plea to the Comm issioner of Police Ellison Greenslade to address our organisations complaints. These are serious allegations and we would like to see justice done, Rev Bethel said. He also called on the public to partner with the police to help rid the force of corrupt officers. The Tribune attempted to contact Senior Assistant Commissioner Quinn McCartney for commentr egarding the complaints, but he did not return the call up to press time last night. During the swearing-in of 32 new police recruits on February 23, 2011, Mr McCartney warned that there is zero tolerance for police brutality and c orruption. We hear about police brutality and corruption and we want these young i ndividuals joining (the force m aintain the highest standards possib le, he said. He told the recruits that the RBPF is a noble organisation that plays ac ritical role in the governance and management of the country, and therefore must be staffed by people who can be trusted and relied on to uphold the law. S OUTH Africa hopes to install an honorary consul for the Bahamas to further strengthen ties betweent he two countries. There is particular interest in the Freeport shipping sector with a view of possible utilisation for South Africa. Since they established their diplomatic relations after the end of apartheid in 1994, South Africa and the Bahamas have been working towards stronger e conomic and cultural ties. Over the last decade, the South African interest in the Bahamas hasi ncreased. With the most notable investment of Sol Kerzners Atlantis, interest in the Bahamas has greatly increased through many collaborations of Kerzner International with the international commu nity. The new South African High Commissioner to the Caribbean Mathu Joyini a rrived in Nassau on Tuesday. She met with various Government Ministers and US Ambassador to theB ahamas Nicole Avant on Wednesday. High Commissioner Joyini and Counsellor Vhangani Peter Makwarela were hosted by South African resident Werner Gruner, director of the Julius Br Bank and Trust (Bahamas were given a tour of the multi-million property. POLICE are investigating the attempt ed murder of a man who was chopped multiple times by a cutlass-wielding thug. The victim, believed to be in his mid20s, was walking in the area of Bacardi Road around 1.17am yesterday when a green Chevrolet Blazer, occupied by two men, pulled alongside him. One of the men got out of the car, pulled out a cutlass and attacked the vic tim. The victim suffered multiple chop wounds about the body and was taken to hospital by emergency medical services where he remains in critical condition. Firearm and drugs recovered OFFICERS of the Central Detective Unit, acting on a tip, seized a quantity of suspected marijuana as well as a hand gun with ammunition from a private vehi cle. The CDU officers made the discovery of the suspected illegal drugs and firearm after searching a black Buick vehicle on Toote Shop Corner off East Street on Wednesday at 6pm. No one was taken into custody. Drug arrest OFFICERS of the Tourism Police Unit were on Cumberland Street around 9pm on Wednesday when they observed a young man acting suspiciously. Officers conducted a search of the 17year-old man and recovered a quantityof suspected marijuana on his person. He was taken into custody for ques tioning. Firearm recovered OFFICERS of Mobile Division, acting on information, recovered a handgun and ammunition outside of a liqour store. The officers made the discovery yester day morning outside Pressure Point Liquor Store on Tonique Williams-Darling Highway. No one was taken into custody. Students arrested Two male students were taken in custody after being found in possession of a handgun while at school yesterday after noon. The Anatol Rogers High School students are aged 15 and 16 Police inves tigations continue. Complaints against police have yet to be addressed Call for more prosecutors at Attorney Generals office on Grand Bahama Family for Justice Founder Rev Glenroy Bethel speaks out SOUTH AFRICAN High Commissioner to the Caribbean Mathu Joyini (centre i ster Counsellor to the Caribbean Vhangani Peter Makwarela (left Gruner, director of the Julius Br Bank and Trust (Bahamas South Africa interested in Freeport shipping industry Man is attac k ed by cutlass-wielding thug POLICENEWS
B y GENA GIBBS ENERGY efficiency concerns have cash-strapped Bahamians looking for ways to start saving money through c onservation. T he new National Energy Policy is designed by local energy professionals to maintain energy in the Bahamasa nd make it affordable for B ahamians. Results were recorded and published in a National Energy Policy report. It is the Governments vision to achieve 30/30 by the year 2030.In other words, theB ahamas will aim to reduce its e nergy consumption by 30 per cent and have 30 per cent of its energy met by renewable e nergy sources by the year 2030, said Phenton Neymour, Minister of State for the Envi-r onment. By beginning with the implementation of a national programme that includes Promoting Energy Efficiency in Residential Lighting and developing a disposal pro g ramme for compact florescent light bulbs, otherwise known as CFLs and the incandescent l ights that have been replaced by CFLs. On Saturday, distribution w ill begin in Elizabeth Estates, Windsor Park, Christie Park,A F Adderley Park, Pinewood G ardens Community Park, a nd Golden Gates Park. The Royal Bahamas Defence Force will hand outt he bulbs moving from street to street, knocking on doors and e xchanging the light bulbs. Individuals are required to provide old incandescent lightb ulbs in exchange for CFLs, free of charge. Full distribution will begin o n May 7 in New Providence a s supplies last. The programme includes a disposal programme for incan-d escent lights and CFLs. The nationwide distribution of 270,000 CFLs over the nextt wo months, is one of the fundamental solutions to reduce energy dependency on fossilf uels and to promote conserv ation techniques, the ministry said. By changing incandescent light bulbs to CFLs a house h old can reduce its energy costs and consumption by two thirds. Last Thursday, I had the privilege of informing Bahamians of the Governments decision to post the second report of a National Energy Policy C ommittee on the BEST C ommissions website, said M r Neymour. The critical components of that report included applyi ng waste-to-energy technolog ies, promoting energy effic iency and conservation meas ures, reducing oil imports, lowering greenhouse gas emissions, and tapping available sources of alternate or renewable energy resources withe xisting mature renewable technologies. Before we can p romote energy efficiency, we must first understand what it is. Simply put, energy efficiency is the efficient use ofe nergy with the goal of using t he amount of effort it takes to provide the same products and services, he said. T he Government decided to provide Bahamians that q ualify a head start in getting CFL light bulbs, which reportedly can last up to five years. This means they will still be in use up to two years after the p hasing out of incandescent b ulbs takes effect in 2014. It m eans the Government must p rovide at least five light bulbs to each Bahamian home. To q ualify you must prove an a verage consumption of less t han 600 kilowatts per month o ver the last 12 months; so the programme targets low income homes. Much work was poured into developing this report.T he committee was formulated with the view of having partic i pation from the public sector, but from the private sector at no cost. So I encourage all to go on the BEST website andr ead the report, said Mr Neym our. Although we grasp and appreciate the significance ofs aving energy, there are many challenges to implementing r enewable energy sources, which include the high initial start up costs to provide the renewable energy source, and changing the behaviour of cust omers. T he Ministry and the InterA merican Development ( IDB) partnered with many local Bahamian businesses to d istribute free CFL bulbs to t he Bahamian public. Dissemi nation of constant informat ion is anticipated to ensure Bahamians will not lose out on the programmes energy saving opportunities. One of the greatest chal l enges I have recognised in promoting energy efficiency a nd lowering our energy costs is education, said Mr Neymour. Education is key. The p ress will call and want to k now the price of gasoline at the pump. They want to know and talk about electricity bills,a nd the fuel surcharge, well, this programme is aimed at reducing some of those costs. Y et we have challenges in getting our message out. Funding for the bulbs was provided for by a combination o f an IDB grant and the Global Environment Facility (GEF a way with a gift to the Ran furly Home for Children. L OCAL NEWS PAGE 6, FRIDAY, APRIL 8, 2011 THE TRIBUNE SIX young boys will be able to continue playing the sport they love thanks to the Roteract Club of East Nassau. The future soccer superstars all play for the Insurance Management Bears, managed by fellow Rotarian Hope Sealey. The sponsorship, at a cost of $175 per child, will cover coaching fees and uniform costs for the boys and enable them to continue benefiting from a sport that teaches teamwork, social skills, commitment and a host of other positive attributes that can be put to use far beyond the soccer pitch. While its important that we assist with major natural disasters, donations like this can make a tremendous positive impact on a childs life, said Jaime Lewis, community service director for the Rotaract Club of East Nassau. Just by enabling kids to play soccer, we help provide them with important life skills that will, in time, help to better the entire Bahamas, he said. The Rotaract Club of East Nassau, sponsored by the Rotary Club of East Nassau and a member of Rotary International, is a community service organi sation for young profes sionals ages 18 to 30. The club was the 2010 recipient of the District 7020 Rotaract Club of the Year Award. More information can be found at www.rotaracteastnassau.org or at www.rotaract.org. Government gives away 270,000 CFLs to launch energy efficiency programme ABOVE: GOVERNMENT issued CFLs are going to be distributed throughout Bahamian neighbourhoods, starting on Saturday by Royal Bahamas Defence Force officers. LEFT: PHENTON Neymour, Minister of State for the Environment, holds up two bottles of biodiesel prod uced here at the Bahamas Waste on Gladstone Road. He gave the bottles as gifts to the members of the National Energy Policy Committee. Gena Gibbs /BIS R O TARACT EAST NASSAU SPONSORS Y OUTH SOCCER
By KATHRYN CAMPBELL B ahamas Information Services STAKEHOLDERS involved in the Baha Mar resort complex including the Ministry of Public Works and T ransport entertained the views of residents of Lake Cunningham Estates on ther oad component of the proposed development at a meeting on Tuesday. Representatives of Baha M ar presented current ideas for the access arrangements for Lake Cunningham Estates. Details of the arrangements are still to be resolved, how-ever, the meeting was designed to solicit feedback from the residents. Among those in attendance at the town hall meeting at Wyndham Nassau Resort was the Minister of Health Hubert Minnis, MP for Killarney; Sidney Collie, MP for Blue Hills; John Canton, director of Public Works, Brenton Turner, project officer; Dr Robert Reiss, principal of Reiss Engi neering Inc, Governments representative and manager for the project, and Robert Sands, senior vice-president for administration and exter-nal relations at Baha Mar. The Cable Beach complex, expected to be the Caribbeans largest single-phase destination resort, is a joint venture between the Bahamas Government and Baha Mar. The ground-breaking ceremony for the 1,000acre resort, gaming and entertainment complex was held on February 21 and it is scheduled to open in Decem ber 2014. In his remarks Mr Canton said: Under the Heads of Agreement with Govern ment, Baha Mar has committed to construct New West Bay Street diverting in a semi-circle around the area to be occupied by the core ofthe Baha Mar project along with corridor seven whichlinks New West Bay Street with JFK at the junction of Gladstone Road. The intent of both the Ministry of Public Works and Transport and Baha Mar is aligned in consideration of and desire to make appropri ate provisions, especially in respect to road access, for the communities affected by the project and to enhance the context and provisions at both the household and community living levels. The concepts presented included driving protocols and standards, privacy, safety and security for the community. Residents were assured that their interests and concerns would be addressed and the final proposals would be presented to them. The project is on schedule with the exception of the police and fire stations. LOCAL NEWS T HE TRIBUNE FRIDAY, APRIL 8, 2011, PAGE 7 By DENISE MAYCOCK Tribune Freeport Reporter firstname.lastname@example.org F REEPORT While there have been no reported c ases of the disease canine d istemper on Grand B ahama, the island is currently experiencing an outbreak of the parvovirus ad angerous viral infection that affects dogs. Veterinarian Dr Owen Hanna, of the Caribbean Veterinary Health and Healing Centre, is urging pet owners to ensure that their d ogs are protected against t hese two highly contagious d iseases which, if left untreated, can be fatal. Canine distemper is one w e are very concerned about, but at this point there is no outbreak on the island. Parvo is what we are experiencing now and it is probably the worst I have seen in a number of years, Dr H anna said. Dr Hanna reported that some 15 to 20 dogs mostly pit bulls and Rottweilers b rought to clinic in the last t wo weeks had been suffer ing from a parvo viral infec tion. H e said the symptoms i nclude vomiting and bloody d iarrhea. The infection can a lso actually attack the heart a nd kill the dog instantly, so it is a pretty devastating disease, he said. According to Dr Hanna, canine distemper is a disease that affects the digestive, respiratory and nervous syst ems in dogs. The symptoms a re vomiting, diarrhea, nostril discharge, coughing and r apid breathing. If you have been keepi ng up with the news, (you know) at least one facilityi n South Florida had to be c losed down because of disease. And part of the concern regarding canine distemper is that we are very close to Florida and we have dogs going back and forth to Florida on a daily basis, h e pointed out. The last time we had a canine distemper outbreak a few years ago we had hund red of dogs that either had t o be put to sleep or died. Mr Hanna said that both the parvo and canine distemper diseases can be pre v ented with vaccines. He noted that in rare cas es some dogs do not respondt o the vaccines because their immune systems are compromised. We encourage pet owners to ensure that their puppy has had all of its puppy vaccines, and that adult dogh as had their canine distemp er vaccine yearly to make sure they are protected against the disease. We are seeing this cluster of issues with parvo and we want to make sure the public and pet owners aware, h e said. Canine distemper is not here but we want to make sure that shelters and vet e rinarians and people worki ng at the airport do every thing they can to keep a watchful eye out and if yous ee any signs to alert someone about it, he said. Dr Hanna said although pit bulls and Rottweilers are m ore genetically susceptible than other breeds to contracting parvo, all dogs should be protected. H e said puppies should be g iven the vaccine at six weeks old, and one shot every two weeks until theyh ave had four or five shots. He stressed that it is important that dogs complete the series of the r equired shots; this is also important for dogs already being treated for the disease. B ecause both diseases are v ery contagious and can remain in the environment for years, Dr Hanna said it isi mportant to bleach the affected areas. Viral infection affecting dogs on Grand Bahama Island hit by outbreak of the parvovirus V ETERINARIAN D r Owen Hanna, of the Caribbean Veterinary Health and Healing Centre. Residents hear plans for Lake Cunningham Estates during Baha Mar construction JOHN CANTON director of Public Works, presents remarks at the Town Hall Meeting for residents of Lake Cunningham Estates. Patrick Hanna /BIS
A S THE College of the B ahamas (COB t he grand opening of the new Harry C Moore Library and Information Centre today, RBC Royal Bank said it is working hard behind the scenes to imple-m ent the next phase of the projects financing. In all, the Harry C Moore L ibrary and Information Centre required a total i nvestment of approximatel y $30 million; of this, RBC p rovided a $23 million loan for the construction of the library. In addition, RBC provided another $8.7 million in financing for new multi-usef acilities on the COB campus in Freeport, Grand Bahama. This project started with an initial construction loan b eing provided by RBC, w hich will be converted to l ong-term bond financing currently being arranged by Royal Fidelity, said Brian Knowles, the lead banker on the deal for RBC. RBC has had a long-standing rela-t ionship with the College of the Bahamas. With the Colleges strong managementa nd backing by the Government, the business case for this deal was very solid. It is also a good, long-term i nvestment for the community. The 60,000-square foot l ibrary structure includes the c apacity to hold 150,000 volu mes, museum quality exhibition space, a 117-seat audi-t orium, 75 networked comp uter terminals through the library, and a 24-hour Internet caf of 25 networked computer terminals. The library has already become a hub for students, said Cheryl Simms, vicep resident of Finance for C OB. Whereas before stu dents would congregate atd ifferent areas on campus, n ow theyre congregating in t he library, and theyre more motivated to come to the library to study. For many, the library is also viewed as the de facto national library of the Bahamas. The relationship with R oyal Bank facilitated our ability to get to this point, said Ms Simms. It was certainly a collaborative effort,a nd the service and advice provided by RBC was e xceptional. A ccording to Ms Simms, m any organisations and individuals also provided significant contributions to the project, including the Lyford Cay Foundation, the Pindling Foundation, and indi-v idual contributions by COB faculty, administrative staff, students and alumni.T he Bahamas Government also provided direct funding to this project. This collaborative a pproach is in line with RBCs values, said Nathaniel Beneby, Jr, presi dent and country head of R BC in the Bahamas. We a re focused on fully participating in and giving back too ur communities, and one o f our top giving priorities is supporting local education initiatives. Our partnership with the College of the Bahamas on this project is very gratifying. In addition to the financi ng deal, RBC made a $1 m illion commitment from its c orporate donations programme toward the building of COBs graduateb usiness centre, which broke ground on June 10, 2010. The centre will eventually house the graduate business programme and will offer students state-of-the-art f acilities. We are incredibly gratef ul for RBCs support, said Dr Betsy Vogel-Boze, COB p resident. RBC has been a tremend ous partner in our planned transition to university status. The opening of the newl ibrary and expansion of our Freeport facilities are critical milestones as we continue to deliver excellent undergraduate teaching, develop new programmes, expand our research activities and f ocus our work in areas cruc ial to national developm ent, she said. L OCAL NEWS P AGE 8, FRIDAY, APRIL 8, 2011 THE TRIBUNE RBC Royal Bank treated 32 Grand Bahama students from the Marco City Lead e rship Institute for Senior Students to a pre sentation on working in the finance industry. T he students, along with Minister of State for Finance Zhivargo Laing, the founder of the institute, visited RBC as a part of a cor porate tour of New Providence. D uring the tour, the 11th and 12th grade students visited important business houses throughout Nassau and received practicala dvice on entering the job market. While at RBC, the students were addressed by Michael Munnings, vice president of retail banking for the Family Islands, who coached the eager teenagers on working in the banking industry. In orienting these young people to the f inancial sector we invest in the future of the industry and the future of the country, said Mr Munnings. RBC has long had a commitm ent to the advancement of our nations youth and it is a pleasure to partner with an organisation that shares this passion. The Marco City Leadership Institute for S enior Students provides training and mentoring to 11th and 12th grade students from high schools throughout Grand Bahama. T he programme prepares students for the transition to adulthood by offering education and training in areas such as goal setting, effective decision making, successful college applications and job hunting. UP with People, an inter national educational and intercultural group for young adults, is hosting information sessions in Grand Bahama today for their upcoming summer camps. CEO of the group Alain Thiry is on the island to provide information to parents interested in sending their chil dren (14 to 17-year-olds Camp Up with People which is set for two sessions in the US, from July 3 to July 23; and July 24 to August 13. Today at 10am and 1pm, Mr Thiry will be on hand at the Canal House at the Pelican Bay Hotel to give more information on the camp. The camp is located in the Shenandoah Valley of Virginia, just two hours west of Wash ington, DC, and just a few miles outside the city of Harrison burg. These three-week long camps will be focused on four main areas: performing arts, leadership, service, culture. At the end of the three weeks, the campers will put on a performance, showcasing their talents, cultures and hopes for the world that reflects the Up with People spirit. These projects and hours served could be used for your high schools community service requirements, or be included on a col lege application, the organisation said. Up with People was founded 45 years ago to provide young adults an international, educa tional and inter-cultural expe rience that teaches service leadership and uses the performing arts to deliver messages of hope and goodwill throughout the world. During Up with Peoples recent visit to Grand Bahama their 100 cast members from 21 countries provided over 2,000 hours of community service work at multiple community sites; put on an international festival at the International Bazaar; and ended their stay with a performance at the Jack Hayward High School Audito rium. Up with People is an independent non-profit organisation without any religious or political affiliations. RBC B ANKS ON STUDENTS FOR FINANCE INDUSTRY PRESENTATION A N RBC WELCOME: T anya McCartney, managing director of RBC Finco (front row left of centre Mr Laing (centreleft RBC Royal Bank arranges $32m for Harry C Moore Library, Freeport campus BRIAN KNOWLES senior account manager at RBC Royal Bank and lead banker on the COB deal. Up with P eople hold summer camp inf or mation sessions THE 100 INTERNATIONAL cast members of Up With People visited Grand Bahama in February and are seen here at the International Bazaar in downtown Freeport. Photo/ The Bahamas Weekly
LOCAL NEWS T HE TRIBUNE FRIDAY, APRIL 8, 2011, PAGE 9 T HE University of the West Indies (UWI with the support of RBC Royal Bank and RBC FINCO, will hold its fifth annual Research Day today. The theme of the event, Research: Building the F oundation for National H ealth Priorities, will focus on the governments national health priorities, including communicable and non-comm unicable diseases. The alld ay event, which starts at 8am will be officially opened by t he Minister of Health and S ocial Development Dr H ubert Minnis at the School of Nursing Auditorium onG rosvenor Close. We are at a point where we can no longer ignore the significant health care issues facing our population, said Nathaniel Beneby, Jr, president and country head for RBC in the Bahamas and T urks and Caicos Islands. Philosophy The University of the West Indies has a philosophy of engaging with the communit ies in which it operates to ensure that its research, t eaching and consulting activities are relevant to the development objectives of its hostc ountries. Royal Bank is fully in synch with that philosophy. O nly by taking personal responsibility and working together at all levels will we g ain the momentum required t o reverse the heath trends we are experiencing, he said. Health issues to be discussed at the event are wider anging, including concerns w ith substance abuse, HIV/AIDS, diabetes and congestive heart failure. T he keynote lecture being sponsored by RBC will be delivered by Professor Michael Gross from Dalhousie University in Canada. His presentation, which kicks off Research Day, will focus o n Obesity and Joint R eplacement Surgery: Preparing for the Millennium Epidemic. D r Robin Roberts, chair of the planning committee, said UWIs research objectives are to facilitate the improvement o f health of the people of the Bahamas through clinical research that will producek nowledge for the prevention and management of diseases and formulation of health policies and programmes. Priorities The theme of this years event recognises the need foru s to focus on the governm ents health priorities and share the information with the wider community, added Dr Roberts. We are grateful to R BC for again sponsoring this event and helping to promote the important research takingp lace at UWI. There is no registration fee to attend Research Day. UWI and RBC urge members of the public to attend throughout the day of activities. In particular teachers, healthcare w orkers, tourism employees a nd ministries of Government are encouraged to attend. In addition, since this is the fifthy ear of Research Day, UWI will be publishing an abstract of proceedings from the past five Research Day events. University of the West Indies Research Day focuses on national health priorities D R ROBIN ROBERTS ( second from left), director of the School of Clinical Medicine and Research, and Dr T ony Frankson (far right), coordinator of its Research Unit, accept a cheque from Jan Knowles (second from right), RBCs regional manager of Public Relations, and Chauntez Wilson (far left), public relations officer of R BC Royal Bank. EL PASO, Texas Associated Press CLOSINGarguments are under way in the trial of an ex-CIA agent from Cuba considered f ormer President Fidel Castro's nemesis. Luis Posada Carriles (loo-EES' poh-SAH'duh cah-REE'-lehs) faces perjury, obstruction and immigration fraud charges in El Paso, Texas. The 83-year-old is an anti-communist militant and Cuba's Public Enemy No. 1. Each side has three hours for final arguments Thursday. Posada sneaked into the U.S. in 2005. He's a ccused of lying during citizenship hearings about how he entered the country and about allegedly masterminding a series of bombings in Cuba in 1997. The defense argues he should be allowed to retire in Miami a hero for his service to the U.S. during the Cold War. Prosecutors counter that no one not even former allies can lie to federal authorities. C LOSING ARGUMENTS BEGIN I N EX-CIA AGENT'S TRIAL RIO DE JANEIRO Associated Press A GUNMANopened fire at a public elementary school in Rio de Janeiro on Thursday, killing at least 11 students before taking his own life. At least 18 other people, mostly students, were hurt and brought to local hospitals, said Rio state Health Secretary Sergio Cortes. At least four were in grave condition. The dead included 10 girls and one boy, plus the gunman, Cortes said. The ages of the children were not immediately known. Police had said earlier that at least 13 people had died in the shooting. A police spokeswoman told the AP that the gunman was identified as 23-year-old Wellington Oliveira, a former student at the Tasso da Silveira school, located in a working-class neighborhood in western Rio. She spoke on condition of anonymity, saying that she was not authorized to discuss the matter. A motive was not immediately known, but authorities said the shooter left a rambling and mostly incoherent letter at the scene indicating he wanted to kill himself. Rio is a city rife with drug-gang violence in its vast slums, but school shootings are rare. The gunman had no criminal history, Police Chief Martha Rocha told a news conference. Rocha said he walked into the school with two firearms she didn't detail what type and an ammunition belt. He fired off at least 30 rounds. GUNMAN OPENS FIRE IN BRAZILIAN SCHOOL, 12 DEAD INTERNATIONALNEWS
L OCAL NEWS PAGE 10, FRIDAY, APRIL 8, 2011 THE TRIBUNE By RONALD BLUM, AP Sports Writer SAN FRANCISCO (AP The eight women and four men sat in the jury box for more than 4 1/2 hours, listening to angry arguments from federal prosecutors and Barry Bonds' attorneys at the end of a 12-day trial that exposed the dark world of baseball's Steroids Era. Now, Bonds' fate is up to them. After listening to tawdry accusations of drug use, theft and body parts that grew (Bonds' head) and shrank (his testicles), the 12-member panel gets to decide whether the home run king will become a convicted felon. Bonds' trial on charges he lied to a grand jury more than seven years ago when he denied knowingly using performanceenhancing drugs ended Thursday with closing arguments from both sides that were filled with virulence and self-righteousness. "There's a real irony to this case," Assistant U.S. Attorney Matthew Parrella concluded. "These substances that the defendant took to make himself strong he wasn't strong. He was weak. He was too weak to tell the truth despite all the anabolic steroids." And with that, at 3:51 p.m. PDT, U.S. District Judge Susan Illston turned to the jury box and said: "At this point ladies and gentlemen, we're turning it over to you." The jury's first order of business when it starts deliberations today the day the World Series flag is raised at nearby AT&T Park, home of Bonds' San Francisco Giants is to elect a foreman. Then it must sort through the testimony of 25 witnesses and hundreds of exhibits that include syringes, vials and dizzying computer graphs of drug tests. A seven-time MVP regarded as among the greatest hitters ever, Bonds is charged with three counts of making false statements and one count of obstruction of justice. His lawyers ridiculed the prosecution as being celebrity obsessed and willing to cut deals with anyone who would implicate perhaps the top player of his generation. "It's part of an effort to demonize Barry Bonds, and it's very wrong," lead defence lawyer Allen Ruby said. Cristina Arguedas, another of Bonds' attorneys, repeatedly took off her glasses and pointed them contemptuously at Jeff Novitzky, the tall, bald federal investigator who was seated at the prosecution table. "They have the power to end careers and to ruin lives," she said to the jury, her voice quavering. "And nobody gets to test that evidence unless they have the wherewithal and internal strength to come to a jury trial to you." Bonds is charged with lying when he denied knowingly receiving steroids and human growth hormone from personal trainer Greg Anderson and for saying he allowed only doctors to inject him. An obstruction count lists four additional state ments the government alleges were made to evade or mislead the grand jury. Each count carries a possible sentence of 10 years in prison, but federal guidelines indicate a recommended total sentence of 15 to 21 months. For convictions for similar offences in the Bay Area Laboratory Co-Oper ative (BALCO sentenced two people to home confinement. Testified Bonds doesn't dispute that he took steroids but testified to the grand jury that Anderson told him they were flaxseed oil and arthritic balm. Parrella, in his 51-minute rebuttal that end e d the trial, compared that to a teenager who arrives home glassy eyed on a Saturday night and tells his parents "I went to a bar and they told me it was just Coke." Parrella said Bonds' plan at the grand jury was to "sell the little lie and hide the big lie" that his exploits including the record for home runs in a sea son (73 in 2001 career (762 steroids. "It all makes sense when you realize the defendant lied in the grand jury because he wanted to protect his secret," the prosecutor said. "It would have been embarrassing and humiliating for him to acknowledge it." "But you know what?" he added. "Other players did." Former AL MVP Jason Giambi, Jeremy Giambi, Marvin Benard and Randy Velarde all testified to receiving drugs from Anderson and said they knew what they were getting. Anderson has been jailed for refusing to testify, and the jurors will have to decide what to make of his absence. Wearing a dark blue suit, light blue shirt and yellow tie, Bonds sat at the defence table, watching and listening. When the defence presentation end ed, he gave lead lawyer Allen Ruby an appreciative tap on the left shoulder. Arguedas walked over to the first row of spectator benches and gave a hug to the player's mother, Pat. While there previously had been empty spectator seats on most days in the 19th-floor courtroom, there was a line down the hallway of people waiting to get in. After Illston read the jury instructions, Assistant U.S. Attorney Jeffrey Nedrow spent nearly an hour and a half summing up the government's case. He began with Bonds' appearance on Dec. 4, 2003, before the BALCO grand jury which was investigating steroid distribution to athletes. "All he had to do was tell the truth," Nedrow said. "He chose not to tell the truth, and that's why he's here." He said Bonds' testimony to the grand jury was unbelievable. "He makes $17 million a year and doesn't know what he's taking," Nedrow asked rhetorically. Ruby, speaking for 64 min utes divided by a lunch break, pointed out how Nedrow and Ross Nadel, another Assistant U.S. Attorney, switched off asking the questions 36 times dur ing Bonds' grand jury appear ance. Pur suit "A lot of the venom in the government's pursuit here is because he wasn't intimidated,"R uby said in his deep baritone. "He was not subservient. He was Barry." Ruby and Arguedas attacked the credibility of the three primary witnesses against Bonds: former business manager Steve Hoskins, former Bonds' personal shopper KathyH oskins (Steve's sister mer Bonds' girlfriend Kimberly Bell. "When the government forms alliances with some of the people you've seen here, things can go haywire," Ruby told the jury. "And the system relies on you to make sure the system doesn't go haywire." The defence said Steve Hoskins made up stories about Bonds after the player went to the FBI and accused him of theft, and that Kathy Hoskins went along to back her brother. Bell was described as a mistress scorned who signed false statements to secure a mortgage and exaggerated to a grand jury about Bonds' alleged decrease in testicle size that prosecutors claimed was caused by steroids. "This prosecution in its zeal to go after Barry Bonds will forgive anybody anything, includ ing perjury and mortgage fraud," Arguedas said. "They will forgive it if somebody is willing to say something bad about Barry Bonds." Parrella countered the wit nesses could not have all got together to implicate Bonds. Prosecutors played a recording Hoskins secretly made of a conversation he had with Ander son in which the trainer dis cusses giving the player injections. "Count the number of con spiracies the defendant alleges," Parrella said to the jury. He also criticized Arguedas for her aggressive questioning of a tearful Bell. "All they could do is mock Kim Bell. All they could do is snicker at her. All they could do is rage at her," he said. "It's up to you to decide whether the manner of her cross-examination was professional." Ruby, in turn, attacked the prosecution for not presenting any witness from the grand jury to back up the government's claim that the grand jury was misled. The jury must find Bonds' statements were mater ial that is, important to the grand jury investigation of BALCO. ership of the party revealed yesterday this is not the first time this report has surfaced. When we first heard $500,000 I thought it was an exaggeration. Because normally persons of that ilk would not deal in such large sums of cash. Some thing around $50,000 or $60,000 maybe or maybe even half of that $500,000. But when you hear it from the horses mouth is another matter, he said. The source insisted party leader Perry Christie was unaware of these reports. Reportedly, when investors or donors would contribute to the partys campaign, all funds were directed to two persons, who in turn would be held accountable for its subsequent redistribution. This way, the source added, there was better management and accountability over the finances of the campaign. If these reports are true, and we are checking them to be sure, we cannot afford to continue to run persons who will cause embarrassment for the party. This election will be close enough as is, without any added distractions, he said. Messages left for Mr Christie and the partys deputy leader Philip Davis seeking comment were not returned before press time last night. sons who are residing, working, and conducting business in the Bahamas illegally." Mr Thompson added: "This is not limited to New Provi dence, we are working throughout the islands. We are grateful to the pub lic as we received lots of intelligence, supplementing our own intelligence gathering." In March, the department working in collaboration with the Royal Bahamas Defence Force canvassed Harbour Island, questioning persons on job sites and in the community. The apprehension exercise netted 35 persons, who were unable to satisfy questions concerning their status. Later that month, 12 Dominican nation als nine men and three women were repatriated to Puerta Plata in the Dominican Republic. The Dominicans were intercepted by the US Coast Guard in a small sea vessel off the coast of Inagua on March 20. her body in an apartment complex on Bougainvillea Boulevard. She became the countrys 38th homicide victim, and the second woman in two weeks to be murdered. Police would not confirm what weapon was used to inflict the wounds, although onlookers claimed it was a cutlass. Superintendent Theophilus Cunningham said a man is helping with inquiries. Tribune sources claim the man was taken to the hospital by ambulance, as he was cut up real bad. It is unclear if the wounds were self-inflicted, or whether they resulted from the con flict. The suspects relationship with the victim was unconfirmed by the police. Residents on the scene claimed another man was involved in what may have been a love triangle, but police denied those reports. Dozens of residents in the community gathered around the crime scene as news of the incident spread throughout South Beach yesterday. Neighbours and long time residents said they were not familiar with the tenants of the apartment complex, although they knew the own er. Some residents claimed the slain woman was not a Bahamian; that she was per haps of Latin American or Caucasian appearance. An elderly resident said the neighbourhood is usually quiet except for the motorbikes. One resident said there was no big commotion, but peo ple started coming out to the streets once they saw the sirens and noticed the police tape blocking the road. Bougainvillea Boulevard is a main thoroughfare in South Beach. Violence is everywhere. You cannot let fear entrap you and cause you to be iso lated and not move around in the community, said a resident. She said she has always considered the neighbour hood to be safe and was not going to be intimidated by criminals. Police investigations are continuing. Although not directly addressing Mr Christie'st hreat to return managem ent control to government should the Progressive Liberal Party win the next general election, LIME CFO Gerard Borely told The Tribune the comp any's mandate of superior service should facilitate a good relationship between changing administrations. He cited the company's experience with working with different heads of statei n more than 30 countries. "In terms of our execut ive operations with governments, we have a numb er of operations with governments across the globe i n which we have very successful relationships with them and we have success-f ul relationships with governments regardless of whos in power," said Mr Borely, who works for CWC's regional operations. "The reason for that is because we deliver valuea nd service to our consumers, and governments value that, they appreciate that, we expect that would continue to be existing here," he added. D ays before CWC a ssumed management control of BTC, Mr Christie issued his strongest threata gainst the new owners, promising that if his party comes to power in the next e lection the "bad deal" will b e dismantled. In a statement entitled "Final warning on BTC", M r Christie said the deal is "contrary to the national interest" and "will not stand" if the PLP comes to p ower. "No one can say in the circumstances of this transa ction and our publicly stat ed and clear position, that they do not know what toe xpect from a future PLP administration. Buyer beware! Cease and desist! Do not proceed! I cannotb e more clear on this. This is an affront to the Bahami an people. We will use all lawful means available to us to ensure that it will nots tand," Mr Christie vowed. O n Wednesday, CWC took over the formerly state-run BTC. Executives o f the London-based worldwide telecommunications company and thet reasurer signed off on agreements affecting the transfer of 51 per cent of BTC's shares to CWC at the Cabinet Office. The Government has received full payment for the transaction the $210 million purchase price, and in kind and cash completion dividends from BTC of $14.3 million. while ensuring access to the Internet and other data is fast, reliable and flexible, company executives said yesterday. In a press conference held yesterday at BTC headquarters, incoming CEO of BTC Geoff Hous-ton said that not only does CWC plan on providing customers with more services for their dollar, it also plans on introducing new services. "The Bahamas is no dif ferent to any other com munity in that demand for Internet and other data services is growing," said Mr Houston. "Alongside new services is a need to continue improving the existing ser vices that we supply to cus tomers." Mr Houston also indicated there are no plans to change the rates of local calls on landlines which had been the subject of earlier public speculation. SEE PAGE 3 NEXT GENERATION OF NETWORK TECHN OLOGY FOR BTC CUSTOMERS FROM page one CABLE & WIRELESS ONFIDENT IT CAN WORK WITH SUCCESSIVE GOVTS F ROM page one FROM page one W OMAN IS STABBED TO DEATH AFTER ALLEGED DOMESTIC DISPUTE FROM page one PLP INVESTIGATE 30 SUSPECTED ILLEGAL IMMIGRANTS PICKED UP FROM page one Before deliberating, Barry Bonds jurors get an earful FORMER BASEBALL PLAYER Barry Bonds, left, greets fan William Bates as he leaves federal court in San Francisco, Thursday, April 7, 2 011. Bonds is charged with three counts of lying to a grand jury in 2003 and a count of obstruction for denying that he knowingly took p erformance-enhancing drugs and for saying no one other than his doctors gave him an injection. (AP
INTERNATIONAL NEWS T HE TRIBUNE FRIDAY, APRIL 8, 2011, PAGE 11 SENDAI, Japan Associated Press A BIGaftershock rocked quake-weary Japan late Thursday, rattling nerves as it knocked out power to the northern part of the country and prompted tsunami w arnings that were later c anceled. The quake was initially measured at magnitude-7.4,t hough the U.S. Geological Survey in Golden, Colo., later downgraded it to 7.1. Either way, it was thes trongest aftershock since s everal were recorded on March 11 the day of the magnitude-9.0 earthquakea nd tsunami that killed as many as 25,000 people and touched off a nuclear crisis last month. T here were no immedi ate reports of serious injuries or major damage, and the operator of thet sunami-ravaged Fukushima Dai-ichi nuclear plant said there was no sign thea ftershock had caused new p roblems there. Workers retreated to a quake-resistant shelter in the complex, w ith no injuries. Electr icity The aftershock around 11:30 p.m. was strong enough to knock items off store shelves and move a large automated teller machine at a FamilyMart convenience store in the major northern industrial center of Sendai. The city is far enough inland that it avoided major tsunami damage, but people there were without gas and electricity for weeks. Manager Takehiko Akagi said 100 people had showed up within an hour of Thursday's aftershock and cleared the shelves of ice, water and instant noo dles items that were in short supply after the bigger quake. "Usually at this time of night, there is almost no one," said Akagi, whose store had power even though people in nearby neighborhoods did not. A handful of buildings hadb roken windows and tiles, and some small electrical fires were reported. I n Ichinoseki, which is a lso inland, buildings shook violently, knocking items from shelves and toppling furniture, but there alsoa ppear to be no major dam age there. Hotel workers lit candles so guests could findt heir way around. Japan's nuclear safety agency said power plants along the northeastern coast were under control after backup generators kicked in at three Rokkasho, Higashidori and Onagawa that lost pow er. The aftershock knocked out two of three power lines at the Onagawa nuclear power plant north of Sendai, which has been shut down since the tsunami. One remaining line was supplying power to the plant and radiation moni toring devices detected no abnormalities. The plant's spent fuel pools briefly lost cooling capacity but an emergency diesel generator quickly kicked in. "It's the way it's supposed to work if power is lost for any reason," said David Lochbaum, director of the nuclear safety project for the U.S.-based Union of Concerned Scientists. Since the tsunami warning was canceled 90 minutes after it was issued, there was no reason to believe the facili ties' diesel generators would fail like the ones at the stricken Fukushima plant. The massive wavek nocked out cooling sys tems and triggered a series of mishaps that have leftw orkers struggling to stop r adioactivity from spewing nearly a month later. "That was really the blow that the plant didn't recov-e r from," Lochbaum said. Coast Officials said the after shock hit 25 miles (40 kilo meters) under the water and off the coast of Miyagi prefecture. The USGS later downgraded it to 7.1. Buildings as far away as Tokyo, which was about 205 miles (330 kilometers from the epicenter, shook for about a minute. Prime Minister Naoto Kan met with staff members in his office shortly afterward, according to deputy Cabinet spokesman Noriyuki Shikata. A separate government emergency response team met shortly after midnight to monitor any reports of damage and urged fire fighters, police and other emergency personnel to aid those in need. USGS geophysicist Paul Caruso said the aftershock struck at about the same location and depth as last month's quake. The USGS said the after shock struck off the eastern coast 40 miles (65 kilometers) from Sendai and 70 miles (115 kilometers Fukushima. Strong aftershock rattles weary Japan WASHINGTON Associated Press THEU.S. may consider sending troops into Libya with a possible international ground force that could aid the rebels, the former U.S. commander of the military mission said Thursday, describing the current operation as a stalemate that is more likely to go on now that America has handed control to NATO. But Army Gen. Carter Ham also told lawmakers that American participation in a ground force would not be ideal, since it could erode the international coalition attacking Moammar Gadhafi's forces and make it more difficult to get Arab support for operations in Libya. He said NATO has done an effective job in an increasingly complex combat situation. But he noted that, in a new tactic, Gadhafi's forces are making airstrikes more difficult by staging their fighters and vehicles near civilian areas such as schools and mosques. The use of an international ground force is a possible plan to bolster the Libyan rebels, Ham said at a Senate Armed Services Committee hearing. Asked whether the U.S. would provide troops, Ham said, "I suspect there might be some consideration of that. My personal view at this point would be that that's probably not the ideal circumstance, again for the regional reaction that having American boots on the ground would entail." President Barack Obama has said repeatedly there will be no U.S. troops on the ground in Libya, although there are reports of small CIA teams in the country. Pressed by Sen. John McCain, a leading Republican, about the situation in Libya, Ham agreed that a stalemate "is now more likely" since NATO took command. Ham also disclosed that the U.S. is providing some strike aircraft to the NATO operation that do not need to go through the special approval process recently established. The powerful side-firing AC130 gunship is available to NATO commanders, he said. His answer countered earlier claims by the Pentagon that all strike aircraft must be requested through U.S. European Command and approved by top U.S. leaders, including Defense Secretary Robert Gates. Ham said that process still applies to other fighters and the A-10 Thunderbolt, which can provide close air support for ground forces, He said that process is quick, and other defense officials have said it can take about a day for the U.S. to approve the request and move the aircraft in from bases in Europe. Overall, he said the U.S. is providing less than 15 percent of the airstrikes and between 60 percent and 70 percent of the support effort, which includes intelligence gathering, surveillance, electronic warfare and refueling. Recent bad weather and threats from Gadhafi's mobile surface-to-air missile systems have hampered efforts to use the AC-130 and A-10 aircraft for close air support for friendly ground forces. Ham said those conditions, which include as many as 20,000 shoulder-fired surface-to-air missiles, contributed to the stalemate. Ham said he believes some Arab nations are starting to provide training or weapons to the rebels. And he repeated assertions that the U.S. needs to know more about the opposition forces before it would get more deeply involved in assisting them. General: US may consider sending troops into Libya P EOPLE WATCH A TV NEWS a s they gather at an evacuation center in Sendai, Miyagi Prefecture, northe astern Japan, early Friday, following a big aftershock that rocked earthquake-weary Japan late Thursday. Yomiuri Shimbun, Kota Kawasaki /AP
By NEIL HARTNELL Tribune Business Editor Cable & Wireless Communications (CWC pledged to raise the Bahamas Telecommunications Compa nys (BTC margins to best in class levels, the latters new chief executive targeting opportunities to drive smart phones into its business model and position it at the forefront of the global data business. Geoff Houston, addressing the media for the first time as BTCs head executive, follow ing completion of CWCs $210 million acquisition of a 51 per cent stake in the former stateowned carrier, said Bahamians would certainly see changes within the next three months as the new majority owner tar gets a day plan to make an immediate impact. Explaining that these changes could involve every thing from enhanced customer service in BTCs retail stores through to product pricing, Mr Houston said CWC was aiming to leverage the companys existing assets and infrastructure to deliver an improved broadband Internet offering with greater speeds, plus launch other products and improve pricing. Product bundling, likely via a Triple Play package of phone, Internet and TV services, is also on the cards, along with third generation (3G generation (4G CWC has also previously indicated its plans to introduce enhanced broadband data services, and TV for cellular phones. Tony Rice, CWCs Londonbased chief executive, told ana lysts back in December 2010 that the company was seeking to reduce BTCs costs and improve efficiencies, with the SECTIONB email@example.com FRIDAY, APRIL 8, 2011 THETRIBUNE $4. 68 $4. 51 $4. 69The information contained is from a third party and The Tribune can not be held responsible for errors and/or omission from the daily report.$ $5.23 $5.21 $5.23 By NEIL HARTNELL T ribune Business Editor The Bahamas Telecommunications Company (BTC plete on the installation of its $55 million Next Generation Network (NGN yesterday, as its former acting president/chief executive explained how it had been disadvantaged as a s tandalone operator. Marlon Johnson, BTCs vice-president of sales and marketing, told this newspaper of the NGN project, which aims to transition the companys infrastructure to an Internet Protocol (IP form: Were about 75 per cent of the way there, and its clear part of the strategy is going to be how we leverage that platform. Mr Johnson was speaking to Tribune Business after a press c onference called by BTCs new majority owner, Cable & Wireless Communications (CWC former state-owned telecommunications carrier going forward. Kirk Griffin, BTCs former acting president and chief execBTC 75% complete on NGN network Former CEO says carrier was disadvantaged through absence of scale economies and difficulty in getting roaming agreements* BTC now has more than 100 roaming agreements, but market is big enough for around 400 CWC pledges best in class operating margins for BTC New majority owner aiming to drive smart phones into BTC business model and position it at front of data business* Bahamians to certainly see changes in 3 months via 100-day plan Economies of scale sought from LIME brand leverage P LEDGE: N ew BTC CEO Geoff Houston ando utgoing Act ing President Kirk Griffin. SEE page 2B SEE page 5B MARLON JOHNSON By NEIL HARTNELL Tribune Business Editor The Bahamas Chamber of Commerce and Employers C onfederation (BCCEC working with the Caribbean E xport Development Agency ( CEDA) to establish a Coalition of Services Organisations i n this nation, a move d esigned to help businesses b etter exploit the potential o pportunities from the Economic Partnership Agreement (EPA Bahamas has not done a v ery good job on. W inston Rolle, the BCCECs chief executive, t old Tribune Business yesterday that the prospects for Bahamian businesses to obtain grant funding from the European Unions (EU E uropean Development Fund (EDF t he correct infrastructure and s upport was put in place. A CEDA representative from the Dominican Republic, he added, was due to visit the Bahamas next week to discuss the creation of a Ser-v ices Coalition with the C hamber, and Mr Rolle told Tribune Business: Trade and goods is relatively [simple], but the trade in services is getting a bit more convoluted because we have so many dif f erent sectors that can be offered. A lot of countries have realised that it is more advan t ageous, rather than having disparate organisations, to have a Services Coalition, b ecause getting into the nego tiations you can go to a single organisation to discuss thei ssues at hand and get the vari ous industries perspectives on the negotiations. Yet, in the Bahamian con text, Mr Rolle added: That [forming a Services Coalition] is going to be a challenge forus. A lot of services industries h ave not got to the point where they have their own organisations. S peaking after returning from the Fourth Annual Forum for Business Support Organisations in the Caribbean, held in Jamaica, Mr Rolle added: When we talk about the Services Coalition, its not only to get EDF grant funding. Europe wants to look at trade inbound and outbound. We need a collaboration with Europe to see what the prospects are for cross-border trade, our companies and professionals going into Europe, their professionals and companies coming here. The other thing were looking at is part of the major challenge of accessing grant funding. One, its understanding how to get it, understanding what the requireSEE page 3B By NEIL HARTNELL Tribune Business Editor The Government was yesterday urged to tighten and extend minority investor protection in the reformed Securities Industry Act to those who invested in private Bahamian companies via Private Placement Memorandums (PPMsa former leading accountant having complained to the Attorney-General about the alleged shabby treatment he and his wife received from Galleria Cinemas. Bill Hogg, who headed the corporate services department at Bahamian accounting firm, BDO Mann Judd for 20 years, in a 12-page letter sent to John Delaney in late January 2011, complained that after investing in the cinema operators two PPMs in 1996 and 1997, providing financing to help it start operations, he and his wife were denied access to any audited financial statements on how the company was performing. Outlining how Galleria management repeatedly stonewalled them in their attempts to obtain financial Investor safeguard demand on shabby Galleria treatment SERVICES COALITION SOUGHT n Cinema operator: We fully complied with every aspect of law n Government urged to amend upcoming Securities Bill to provide minority investor protection over private offerings n Call for legislation to mandate that all private company investors get audited financials SEE page 4B By NEIL HARTNELL Tribune Business Editor The Government was yes terday urged to facilitate the creation of critical mass for the economic development of Freeport, a leading attorney arguing that attempts to dilute the Hawksbill Creek Agreements powers had helped push the city into a recessionary backwater. Speaking after a three-day Supreme Court trial over Cable Bahamas Judicial Review challenge to the Utilities Regula tion & Competition Authoritys (URCA pay $78,000 in fees from its Freeport Internet operations, an action that again raised crit ical issues surrounding the Hawksbill Creek Agreement, F A CILITATE CRITICAL MASS FOR FREEPORT Attorney argues city turned into recessionary backwater by efforts to dilute Hawksbill Creek Agreement SEE page 2B
Fred Smith QC said the city was being forced to compete against more favourable eco nomic legislation benefiting other parts of the Bahamas. Speaking of the URCA case, in which Justice Hartman Longley has reserved his decision, Mr Smith said: This was an unprecedented occasion in which the Port Authority, indi vidual licensees and the Freeport Licensee and Property Owners Association joined together to protect their joint and material interest against the perceived illegal, unautho rised government incursion. Frankly, I feel this case, and URCA and the Attorney Gen erals submissions, reflect the general tendency on the part of successive governments to whittle down and do away with the Hawksbill Creek Agreement. URCA and the Attorney Generals Office had argued that the Telecommunications Act 1999, and subsequent Communications Act 2009, had implicitly repealed the Hawks bill Creek Agreement, Mr Smith said. This, if correct, led to the end conclusion that URCA had regulatory jurisdiction over the Internet and communications in Freeport plus, ultimately, all other utilities. Regulatory pow er over these sectors, though, is granted to the Grand Bahama Port Authority (GBPA Creek Agreement. Assessing the wider implications of government policies across a broad spectrum of issues, Mr Smith told TribuneB usiness: Throughout the rest of the Bahamas, with all kinds of economic incentive legisla tion enacted over the years, there are some developers that obtain even better concessions than exist in Freeport, such as the Ginn project in West End. So the Freeport licensees, h ome owners, feel besieged by successive governments. They are not only under attack from the Immigration Department, the Customs Department, the Central Bank, restrictions on the sale of land, the BEST Commission, so many regula tory agencies, but the enactment of legislation that flies in the face of the Hawksbill Creek Agreement economic incentive legislation promoted by the Government for investment elsewhere in the Bahamas to compete with Freeport. Mr Smith added: It is my v iew that it is far more important to encourage the creation of a critical mass in Freeport for economic development than to continue to dilute the potential power of the Hawksbill Creek Agreement and thereby banish Freeport to an econom ic and recessionary backwater,w hich is where we are today. The Government's current position is set out in two letters sent in late 2009 to the GBPA and its legal advisors by David Davis, permanent secretary in the Prime Minister's Office, in which he states: "The Govern ment's position is that there s hould be a single regulator for the electronic communications sector of the Bahamas." Adding that the Bahamas Telecommunications Company (BTC expected to continue operating in Freeport under the current licensing regime, Mr Davis added: "Having regard for the provisions of the Hawksbill Creek Agreement, the Government is minded, using moral suasion, to seek the cooperation of your [Port Authority] Board in agreeing that the URCA regime might be extended to Freeport. In this regard, I herewith formally seek the concurrence of your Board." Various drafts have been kicked back and forth, the most recent, according to an August 31, 2009, legal opinion prepared by Graham, Thompson & Co's Robert Adams for GBPA president Ian Rolle, having been a draft Deed of Assignment sent on June 18, 2009, by T. B. Don aldson, chair of the Govern ment-appointed privatisation committee. According to MrA dams, this draft involved the GBPA assigning all its rights to licence and regulate the pro vision of electronic communications services within the Port area to URCA for $1. "GBPA's rights under the existing business licences that have been issued to electronicc ommunications services providers in the Port area will be included in the assignment," Mr Adams wrote. "For example, all of GBPA's rights, including the right to collect the licence fees, under its licence agreement with BTC and Cable Bahamas will alsob e assigned to URCA." Summing up the implications, Mr Adams warned: "Although it is our view that the Deed does not purport to 'amend' the terms of the Hawksbill Creek Agreement, it must be noted that an assignment of a part of GBPA's rights under the Hawksbill Creek Agreement to a third party would represent a very significant change to the regulatory landscape in the Port area. "Accordingly, if GBPA is prepared to give up its rights to regulate the electronic com munications sector in the Port area and negotiate mutually acceptable commercial benefits and terms for an assignment of such rights to URCA, it is our recommendation that GBPA engage in a well-planned, structured and transparent process of public consultation with its existing stakeholders and licencees prior to entering into such an assignment despite the fact that there is no strict legal obligation on GBPA to do so." BUSINESS PAGE 2B, FRIDAY, APRIL 8, 2011 THE TRIBUNE $1'(56$1'(5621 %81'*$$5'RI:,//,$06675((73%2; 1$66$8%$+$0$6 621<)/,%(57RI62/',(5 52$'3%2;1$66$8%$+$0$6 B y SIMON COOPER I f we are to believe archaeologists, then our ancestors grew up in a country occupied by sabre tooth tigers and wooly mamm oths. There were no medical aids or first aid kits in those days. The slightest s cratch from an irritated animal could end in infection and death. Our ancient relatives learned that avoiding pain from i njury was preferable to a last meal dini ng off a dead tiger. And we have retained this world-view through to the present day. We reject change (an implied threat to habit) in favour of leaving things the way they are. If we had our way, nothing would change. No Baha Mar. No new owners of BTC. Everyt hing perfectly frozen in time. But what if nothing had changed in the past 100 years? We would have no computers, no Internet, no cars and no electricity. No cures for cancer either. The Russians would still be pointing guided missiles at the Americans (and vice versa). Moreover, there would be no cruise ships visiting the Bahamas, just the occasional sailing ship. Change is inevitably beneficial because it comes at a cost, and change agents are not in the business of wasting money. I am sure that some Bahamians disagree vociferously with all the changes mentioned, be this for environmental reasons, religious dogma or simply because they did not approve of the change per se. Right now, our papers are full of articles about Baha Mar, BTC and cuttingb ack the cost of electricity. In most instances, the sceptics are concerned that local people could lose their jobs. Our governments treasure chest has only so much money in it. This restricts the amount it has to spend on things such as social welfare,h ealth care and education. If it could save money elsewhere, it could spend more on these essential services. Individual Bahamians are in a similar position, too. If electricity and telecommunications cost us less, we would have m ore money to spend on lifestyle choice s such as eating out and going overseas on holidays. Cutting jobs in one sector of the econo my releases money to spend in other parts. When we cut expenses, we are notc utting jobs. We are releasing money to c reate new job opportunities, exciting new places for our people to work and l earn new skills. Here is a simple example. Before cars arrived, Bahamians used wagons to transport people. No doubt the wagon-smiths complained their jobs were threatened, but just look how many jobs replaced the few that were eventually lost. These include people in the motor trade, people selling gasoline and spares, people building and repairing roads. The list is endless and the job multiplier has been huge. J obs may get lost through change. This d oes not mean that people need to be unemployed. They move on to new horiz ons and to new opportunities. It is the job of government and the people to reskill them, not to impede change. If we d o not allow our managers and leaders to t ake our islands forward in line with t rends around the world, we will become a shabby backward community like a certain Caribbean neighbour. How many tourists will stopover on our islands then? How many jobs will remain? And what then will be our childrens futures be? N B: Res Socius was founded by Simon C ooper in 2009, and is a business brokerage authorised by the Bahamas Investment Authority. He has extensive private and public SME experience, and was formerly chief executive of a publicly traded investment company. He was awarded an MBA with distinction byL iverpool University in 2005. Contact h im on 636-8831 or write to simon.coope firstname.lastname@example.org. Change can be painful, but is often beneficial S IMON C OOPER utive, who is staying as a consultant/adviser to the new owners in the interim, laid out the rationale for the privatisation, explaining that the company had gone as far as it could under 100 per cent government ownership and needed a strong partner to continue moving forward. Acknowledging that BTC has done well and had been consistently profitable, Mr Griffin added: By virtue of its small size, BTC has often been disadvantaged because it cannot reach the economies of scale and command best prices from suppliers and vendors. At times, BTC even has difficulty attracting the attention of potential roaming partners as we seek to expand the connectivityof our very own customers across the globe. Given the scale and purchasing power of CWC and its Caribbean subsidiary, LIME, the expectation has been that the new majority owner will be able to reduce BTCs equipment and technology costs via greater order volumes, reducing per unit costs and passing savings on to the Bahamian consumer. Mr Johnson told Tribune Business yesterday: When youre purchasing for three-four million subscribers, as opposed to 350,000 subscribers, it becomes easier to command much better pricing, as the per unit order costs come down. CWC, he added, had full-time procurement specialists on staff, something that would also benefit BTC in reducing supply costs. P rime Minister Hubert Ingraham said CWCs purchasing power and economies of scale could lower BTCs equipment/technology c osts by up to 30 per cent, an amount Mr Johnson yesterday thought realistic, although no studies had been done to project the actual cost savings amount. Again, when it came to obtaining roaming agreements with foreign carriers, arrangements critical to allowing Bahamian businessmen and travellers to use their cell phones while abroad, Mr Johnson explained that size matters. T he relatively small size of BTCs customer base, he added, meant its roaming requests were often put to the back of the q ueue and treated as a low priority by international carriers in favour of others with more subscribers, as the returns were better. The carriers work with us, but because we have only 350,000 subscribers, and you have some company in India with 20 million subscribers, whos going to be put at the front of the queue? Mr Johnson asked. Were a small company. Its hard to get the priority. We have over 100 roaming agreements, and have done extremely well for a company and country of this size, but the potential m arket for roaming telecoms agreements is near 400. Again, CWC and LIMEs collective size and customer base will help BTC to extract more roaming agreements and on better terms. Mr Griffin also added: For BTC to compete in a fully liberalised market, up against the telecom giants of the world, it is critical that the company partners with a capable and competent global operator. CWC will help BTC position itself effectively to become and remain the provider of choice for consumers in the Bahamas, in a fully open and competitive marketplace. CWC, meanwhile, skillfully sidestepped questions about PLP leader, Perry Christies, warning that he would seek to change the terms of the BTC purchase and take back the majority inter est if his party won the upcoming general election. Gerard Borely, LIMEs chief financial officer, hinted that the company hoped the increased value that BTC will deliver for Bahamian consumers over the next year would render that issue academic, or null and void. Both he and Geoff Houston, BTCs new chief executive, also said little on the companys industrial relations, although there was plan to address three separate issues the Voluntary Redun dancy Programme, negotiation of new industrial agreements with BTCs two unions, and the PricewaterhouseCoopers (PwCon whether the salaries of unionised employees should be reduced. Certainly, the plan is from the get-go to make the additional improvements we feel we need to as we prepare the business for competition, Mr Houston said. These changes, though, will only be implemented after the new management team has met as many BTC staff as possible, Mr Houston admitting to the bit of uncertainty in the company as a result of both the privatisation process and CWCs intentions for the business. As for entrepreneurial opportunities in relation to BTC, Mr Houston said: We have a good history as a business for developing opportunities for small and medium-sized enterprises, a good history of investment in the distribution of products, so we expect t o add more opportunities in the distribution of products, and support and grow that side of the business. For the right kind of entrepreneurs, we feel theres a lot more opportunity. Mr Borely also pledged that BTC will still largely be run by Bahamians, although the chief executive and chief financial officer jobs have gone to CWC/LIME executives. Members of a CWC transition team will remain in the Bahamas, though, for 12-18 months. Both CWC executives emphasised that the privatisation was a marriage of BTCs customer base, infrastructure and engineering skills with CWCs scale, access to technology and trends, and liberalisation experience. BTC 75% complete on NGN network FROM page 1B Facilitate critical mass for Freeport FROM page 1B FRED SMITH
m ents are; two, having the skill sets to write the grant proposals; and three, having a n understanding of the proposals and the awards, so we can deliver and meet the r equirements and expectat ions. The latter, Mr Rolle said, was a major issue for thee ntire Caribbean under the previous EDF round. Funding Under the grant funding scheme, it is the Caribbeanc ountry that pays for the pro j ect initially, ultimately being reimbursed by the EDF. Yet t o get the reimbursement, there were certain requirements that had to be met, and many had not. Asked about the potential grant funding benefits fromthe 10th EDF for Bahamian businesses and industries, Mr Rolle replied: Its sizeable enough that we need to be paying attention to it, becausea lot of it can help us further our cause.. Once the Services Coalition was formed, the Chamber executive added that the n ext step is to understand where the true opportunities are in terms of getting funding to expand or sustain existing businesses. Mr Rolle acknowledged t hat the Bahamas had not d one a very good job in preparing to exploit the EPAs potential opportuni t ies, or the EDF grant funding. This was due, he suggested, to a lack of focus on the issue, combined with thinking that the Bahamas could not access the latter due to its relatively high per capita gross d omestic product (GDP This, Mr Rolle added, was far from the truth, as theB ahamas was a significant contributor to many Caribbean organisations. We have a long way to go t o take advantage of these programmes, and broaden the opportunity locally to inte-g rate with Europe, Mr Rolle said. We also have not donea very good job of informing people of the EPA, public sector and private sector. We havent done a good job of speaking to what the advantages are as Bahamians... BUSINESS T HE TRIBUNE FRIDAY, APRIL 8, 2011, PAGE 3B :,//%(&/26(' $118$/&.7$.,1* )5$1,+2/',1*6/,0,7(' 1 RWLFHLVKHUHE\JLYHQWKDWLQDFFRUGDQFHZLWK6HFWLRQ RIWKH,QWHUQDWLRQDO%XVLQHVV&RPSDQLHV$FW 1RRI )5$1,+2/',1*6/,0,7(' KDV E HHQGLVVROYHGDQGVWUXFNRIIWKH5HJLVWHUDFFRUGLQJ WRWKH&HUWLFDWHRI'LVVROXWLRQLVVXHGEWKH5HJLVWUDU HQHU HUHNHUQRQ/H%UXQ 6 W+HOLHU-HUVH\ / LTXLGDWRU FROM page 1B Ser vices Coalition sought COMMONWEALTH Bank has celebrated the official groundbreakinsg oft he new location of its Cable Beach B ranch in the Baha Mar Commercial Village, about one mile west of the banks current location on the Cable Beach strip on West Bay Street. The new building is being constructed by Baha Mar as part of the agreement with the bank to make the current site oft he Cable Beach branch part of the mega d evelopment on Cable Beach. Once completed, the new facility will be about 11,000 square feet and feature Commonwealth Banks typical amenit ies and services, including a spacious c ustomer friendly lobby, drive through teller services and ample parking. Addi t ionally, the branch will be readily access ible by way of a new roundabout in the centre of the ultra-modern Commercial Village. The Banks president, Ian Jennings s aid: Since 1996 the banks Cable Beach branch has been a landmark along the C able Beach strip. We look forward to t his transformation that will tremendously enhance our tourism sector and provide a wealth of economic opportunities for Bahamians. We are working closely with Baha M ar to ensure that during the branch relocation exercise there will be minim al interruption to its daily operations. We anticipate that the move from the e xisting branch location to the newly c onstructed building in the Commercial Village will be a seamless one, and will coincide with the rerouting of West Bay Street. T he new structure, which will be a r eplica of the existing branch, is designed b y the architect firm Kenneth Lam and A ssociates, and will be built by Osprey Developers Company. When the doors to the new facility open in October 2011, i t will be supported by a staff complem ent of 37, including Franklyn Thomas, branch manager. The first stage of construction of the new Commercial Village will involve w ork to re-route the West Bay Street a nd JFK connection, as well as the reloc ation of corporate structures and gove rnment buildings presently situated opposite the current resort hotel. Bank breaks ground on Cable Beach branch GROUNDBREAKING: Pictured L to R: Larry Gibson, Commonwealth Bank director; Ian Jenn ings, Commonwealth Bank president; Robert Sands, senior vice-president of external and government affairs, Baha Mar; and Earla Bethel, Commonwealth Bank director.
information for almost a decade, the Hoggs ultimately ended up selling their shares back to the company in mid2009, but lacked any figures to help them determine whether they got a fair price for their investment. Mr Hogg also alleged that Galleria had been filing incomplete financial returns with the Companies Registry since the mid-1990s, as they did not show the common share (equity holdings of his wife and a family investment company, PAK Ltd, nor the holdings of other investors who had bought into the same PPMs. Christopher Mortimer, Gallerias managing director, though, denied the Hoggs claims in a phone call to Tribune Business yesterday, adding that everything the company had done both in terms of financial information and its annual returns had been in full compliance with the law. Emphasising that he did not want to get into a blow by blow rebuttal of the Hoggs letter, Mr Mortimer said: For the record, I can tell you that the company has fully complied with every requirement as it relates to the law. We are a private company and comply with all aspects of the law. Pointing out that he did not want to discuss the affairs of a private company, Mr Mortimer said the Hoggs were fine to do as they wish. The only thingI know is that an offer was made and it was accepted. As far as I recall, that was the end of the matter. He again reiterated: I am s atisfied that we continue to operate in the context of the law. But now, on the eve of the r evised Securities Industry Bill and its accompanying regulations being debated in Parliament, Mr Hogg is demanding that the Government make further amendments to require that private Bahamian companies provide audited financial statements to all shareholders w ho have bought in via a PPM. In an interview with Tribune Business, Mr Hogg said of his experience with Galleria: Its been an eye-opener really. How can someone refuse to give you information on how the companys been doing, and your shares in it? We probably had 2 per cent. Its not like it was a material amount. Im very disappointed in how weve been treated, and the maddening thing is we dont know why. Weve been forced to sell our shares with no meaningful information to arrive at a proper price, or at least a reasonable price, in negotiations. Noting that Gallerias PPMs contained financial projections from the accounting firm, KPMG, Mr Hogg said he and h is wife had expected to get audited financial information on the companys performance as a result. Asked what reforms to the Securities Industry Act he wanted to see the Government make, Mr Hogg told Tribune Business: I would hope that they would change the laws to allow minority shareholders to have the power to ensure they get financial information on the company. Thats a basic right for the shareholder. If youre an investor in the company, you expect to get something about it. I n his letter to Mr Delaney, a copy of which has been obtained by Tribune Business, Mr Hogg wrote that his wife acquired 1,000 common shares in Galleria after receiving a 1996 PPM from Owen Bethels Montaque Securities, the companys registrar and transfer agent. A further PPM wasl aunched in summer 1997, which saw Mr Hoggs wife purchase 4,000 more common shares, his son 2,000, and fami ly investment company, PAK Ltd, acquire 10,000. The Hoggs started writing to Mr Mortimer about obtaining financial statements in late 2000, more than a year after Gallerias Mall at Marathon location opened, and also inquired why no annual gener al meeting (AGM held. Correspondence in a similar vein took place over the next nine years, and they alleged that the only financial information they obtained from Mr Mortimer was a summaryo f the income statements and balance sheets for the years 2001-2004, never a full audit. Pointing out that they had to find out about Gallerias 2004 purchase of RNDs cinema business through the newspapers, Mr Hogg wrote that Mr Mortimer first made an offer to buy them out on May 16, 2006, proffering a 9 per cent return over the years. The Hoggs rejected this as not acceptable, given that there were indications that Galleria had been paying a 10-14 per cent rate on its preference shares. Eventually, a November 17, 2008, meeting was held between the Hoggs and Gallerias financial adviser, Trevor Nottage, who said the company was buying out the smaller shareholders and offered them a 10 per cent return for the first f ive years, 7.5 per cent for the next four, and 6.5 per cent for the remaining period. We informed him that, a lthough we wanted to get out of our investment as we could no longer believe anything that we were told by Galleria, unless we were provided with proper financial information, we could not evaluate any offer properly, but he made it clear that no such information would be forthcoming, Mr Hogg wrote. An offer was received from Mr Nottage but the Hoggs rejected it, demanding a meeting with all Galleria directors to discuss the reasons for the shabby treatment which we had received as minority shareholders. Ultimately, a June 8, 2009, meeting between Mr Mortimer, Mr Nottage and the Hoggs was arranged, at which a price for their shares was finally agreed. Messrs Nottage and Mortimer made it very clear that they were only there to try and comet o an agreement for the re-purchase of our shares and not to discuss any other matters, Mr Hogg wrote. They also reiterated that they would not be providing us with any further information. Mr Hogg said Mr Mortimer during their meeting referredt o a court case in which the Bahamasair Provident Fund had incurred $100,000 in costs, through an unsuccessful action to try and force Galleria to provide it with audited financial statements for the period 19992004. The Supreme Court ruled, though, that as Galleria was a private company with less than 50 investors, the Bahamasair Provident Fund had no right to the financial statements. However, Mr Hogg argued that as a common shareholder, his wife and family had different rights, as the Fund was a preference shareholder (a form of debt). Mr Hogg told Mr Delaney: It cannot be right that a company can refuse to provide minority shareholders with any information on the company s hould the majority shareholders desire not to do so. This is particularly of concern where the shares are i ssued subsequent to a private offering during which certain financial projections are given. In our case, the amount involved, not to mention the exorbitant cost and well-known experience of delay and frustration when attempting to obtain redress through the court system in the Bahamas did not justify the retention of an attorney. The only remedy in such a case, therefore, appears to be for the minority shareholder to sell their shares. Without the necessary financial information, they are unable to arrive at a proper valuation for the shares, and there is no way that any third party would be interested in buying their shares either. They are left at the mercy of the company with regard to the price offered. My wife will never know whether the price received for her sharesw as reasonable or not. Mr Hogg urged Mr Delaney to further amend the Securities Industry Bill to provide more protection for minority investors in private companies, requiring that audited financial statements be sent to all shareholders prior to an AGM unless waived by all share holders. B USINESS P AGE 4B, FRIDAY, APRIL 8, 2011 THE TRIBUNE SANTANDER BANK & TRUST LTD. has an immediate vacancy for a Relationship Assistant Brazil Team A pplicants must hold the following: Bachelors Degree in Administration, Finance, Economics or related degree A minimum of 3 years experience in private banking Applicants should also be capable of the following: 1Totally fluent in English and Portuguese 2 Specialization in the field of customer relations. 3 Servicing existing client relationships by executing client instructions, and keeping clients updated as to the changingconditions of financial markets. 4Solid knowledge of investment products. 5.Ensure that allprivate banking activitiesare in compliance with internal policies and procedures and external regulatory requirements. 6 .Excellent computer skills. A pplications in writing with details of education and experience should be addressed to the Human Resources Manager, P.O. Box N-1682, Nassau, Bahamas not later than April 15, 2011. 7KHXEOLF:RUNHUV&RRSHUDWLYH &UHGLWQLRQ/LPLWHGLQYLWHV$OOPHPEHUVRIWKH&UHGLWQLRQWRWKH 5HQDPLQJ&HUHPRQ\RIWKH&UHGLWQLRQ RIFHEXLOGLQJWRWKH$UOLQJWRQ/LOOHU%XLOGLQJLQKRQRXU0U$UOLQJWRQ/LOOHU DQGWKH&UHGLWQLRQV%RDUGURRPEHLQJUHQDPHG LQKRQRXU WK &UHGLWQLRQVIILFH%XLOGLQJ:XOIIRDG7KH ZLOOEHWKHNH\QRWHVSHDNHU&RPHDQGEHDSDUWRIWKLVKLVWRULFRFFDVLRQ :HEVLWHZZZSZFFXFRP Investor safeguard demand on shabby Galleria treatment FROM page 1B
CHIP CUTTER, AP Business Writers FRANCESCA LEVY, AP Business Writers NEW YORK Stocks are ending the day with small losses after a 7.4magnitude earthquake struck Japan. The Dow Jones industrial average fell as many as 96 points in morning trading, but recovered most of its losses after a tsunami warning was lifted. The Dow fell 17.26 points, or 0.1 percent, to 12,409.49 The Standard & Poor's 500 fell 2.03, or 0.2 percent, to 1,333.51. The Nasdaq composite fell 3.68, or 0.1 percent, to 2,796.14. The quake rattled investors, partly since it struck near the same area as the massive earthquake that triggered devastating tsunami on March 11. Stock indexes pared their losses after the impact of the latest quake appeared to be less than initially feared. In the U.S., economic news was mostly positive. The Commerce Department said 382,000 people applied for unemployment for the first time last week. That was the third drop in four weeks. The decline in applications suggests layoffs are slowing. Better Major retailers also reported better-than-expected sales for March at stores that have been open at least a year. Analysts had predicted declines because of cold weather and higher gas prices. Costco Wholesale Corp. rose 4 percent after reporting a 13 percent gain in sales. Limited Brands Inc. rose 1 percent after it said its revenue increased 14 percent because of strong sales at its Victoria's Secret stores. Nordstrom Inc. and Macy's Inc. also rose about 1 percent. Bed Bath & Beyond Inc. rose 10 percent, the most of any stock in the Standard & Poor's 500 index. The home furnishings retailer posted strong results late Wednesday and said it expected earnings to rise 10 percent to 15 percent this year. Constellation Brands Inc. rose 7 percent. The maker of Robert Mondavi wine and Svedka vodka recovered from a loss in the same quarter a year ago and reported a double-digit increase in wine sales in North America. KLA-Tencor fell 5 percent, the most out of any company in the S&P 500. The chip manufacturer gets 14 percent of its revenues from Japan. Netflix, Inc. also fell, dropping 3 percent a day after the home-entertainment company announced its decision to pay nearly $1 million per episode to stream the TV series "Mad Men." Dish Network Corp. emerged as a new competitor after announcing it would buy Blockbuster Inc. out of bankruptcy. The yield on the 10-year Treasury note inched was flat at 3.55 percent. The European Central Bank raised its main interest rate by a quarter point to 1.25 percent, a day after Portugal asked for a bailout. The Bank of England kept its main interest rate unchanged at 0.5 percent. Three stocks fell for every two that rose on the New York Stock Exchange. Consolidated trading volume was 4 billion. BUSINESS T HE TRIBUNE FRIDAY, APRIL 8, 2011, PAGE 5B 1 2 7 & ( (;;2102%,/$%8'+$%,*$6f/,0,7('BBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBB &UHGLWRUVKDYLQJGHEWVRUFODLPVDJDLQVWWKHDERYH QDPHG&RPSDQ\DUHUHTXLUHGWRVHQGSDUWLFXODUV WKHUHRIWRWKHXQGHUVLJQHG3%R[ 1DVVDX%DKDPDVRQRUEHIRUHGD\RI0D\ ,QGHIDXOWWKHUHRIWKH\ZLOOEHH[FOXGHG IURPWKHEHQHRIDQ\GLVWULEXWLRQPDGHWKH /LTXLGDWRU 'DWHGWKHWKGD\RI$SULO &DURO**UD\ /LTXLGDWRU RUWKFKDVH'ULYH +RXVWRQ 1 2 7 & ( (;;2102%,/$%8'+$%,*$6f/,0,7(' BBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBB 1 2 7 & ( ,6 +(5(%< *,9(1DVIROORZV (;;2102%,/$%8'+$%,*$6f /,0,7(' LV LQ GLVVROXWLRQXQGHUWKHSURYLVLRQV RIWKH,QWHUQDWLRQDO%XVLQHVV&RPSDQLHV$FW 7KHGLVVROXWLRQRIWKHVDLG&RPSDQ\ FRPPHQFHGRQWKHWKGD\RI ZKHQLWV$UWLFOHVRI'LVVROXWLRQZHUHVXEPLWWHG WRDQGUHJLVWHUHGE\WKHHJLVWUDU*HQHUDO 7KH/LTXLGDWRURIWKHVDLG&RPSDQ\LV&DURO **UD\ +RXVWRQ7 'DWHGWKHWKGD\RI +$55<%$1'6/2%26.< 0$1$*(0(17&2/7' $WWRUQH\VIRUWKHDERYHQDPHG&RPSDQ\ 52wk-Hi52wk-LowSecurit y Previous CloseToday's CloseChangeDaily Vol.EPS $Div $P/EYield 1.190.95AML Foods Limited1.191.190.000.1230.0409.73.36% 10.639.05Bahamas Property Fund10.6310.630.000.0130.200817.71.88% 5.724.40Bank of Bahamas5.005.460.461,1000.1530.10035.71.83% 0.530.17Benchmark0.180.180.00-0.8770.000N/M0.00% 2.842.70Bahamas Waste2.702.700.000.1680.09016.13.33% 2.201.96Fidelity Bank1.961.960.000.0160.040122.52.04% 12.408.75Cable Bahamas8.758.750.001.0500.3108.33.54% 2.852.35Colina Holdings2.552.550.001.0310.0402.51.57% 7.005.80Commonwealth Bank (S1)6.936.930.0037,2500.4880.26014.23.75% 2.861.90Consolidated Water BDRs2.142.10-0.040.1110.04518.92.14% 2.541.40Doctor's Hospital1.401.400.000.1070.11013.17.86% 6.305.22Famguard5.225.220.000.3570.24014.64.60% 9.105.65Finco6.786.780.000.6820.0009.90.00% 11.408.75FirstCaribbean Bank8.768.760.000.4940.35017.74.00% 6.004.57Focol (S)5.155.500.351,0000.4520.16012.22.91% 1.001.00Focol Class B Preference1.001.000.000.0000.000N/M0.00% 7.305.50ICD Utilities7.307.300.000.0120.240608.33.29% 1 0.509.80J. 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) +FBB17100.000.002 100.00100.00Fidelity 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: YEAR END 2008 -12.31%30 May 2013 20 November 2029THURSDAY, 7 APRIL 2011BISX ALL SHARE INDEX: CLOSE 1,432.64 | CHG 9.90 | %CHG 0.70 | YTD -66.87 | YTD % -4.46BISX LISTED DEBT SECURITIES (Bonds trade on a Percentage Pricing basis)Maturity 19 October 2017 7%RoyalFidelity Merchant Bank & Trust Ltd. (Over-The-Counter Securities)29 May 2015 W WW.BISXBAHAMAS.COM | TELEPHONE: 242-677-BISX (2479) | 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 SupermarketsN/AN/A14.00-2.9450.000N/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 1.54101.4525CFAL Bond Fund1.54100.97%6.09%1.517907 2.95272.8300CFAL MSI Preferred Fund2.94860.04%1.45%2.918256 1.58511.5141CFAL Money Market Fund1.59181.13%4.61%1.517907 3.20252.8522Royal Fidelity Bahamas G & I Fund2.7049-0.56%-15.54% 13.638813.0484Royal Fidelity Prime Income Fund13.50161.08%0.02% 115.7622101.6693CFAL Global Bond Fund115.76229.58%9.58%114.368369 111.469799.4177CFAL Global Equity Fund111.469711.32%11.32%106.552835 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% 9.99529.1005Royal Fidelity Bah Int'l Investment Fund Principal Protected TIGRS, Series 19.99521.51%6.08% 11.217310.0000Royal Fidelity Bah Int'l Investment Fund Principal Protected TIGRS, Series 211.21731.50%6.41% 10.42889.1708Royal Fidelity Bah Int'l Investment Fund Principal Protected TIGRS, Series 310.42884.03%4.29% 8.45104.8105Royal Fidelity Int'l Fund Equities Sub Fund8.55591.88%8.41% BISX ALL SHARE INDEX 19 Dec 02 = 1,000.00YIELD last 12 month dividends divided by closing price 52wk-Hi Highest closing price in last 52 weeksBid $ Buying price of Colina and Fidelity 52wk-Low Lowest closing price in last 52 weeksAsk $ Selling price of Colina and fidelity Previous Close Previous day's weighted price for daily volumeLast Price Last traded over-the-counter price Today's Close Current day's weighted price for daily volumeWeekly Vol. Trading volume of the prior week Change Change in closing price from day to dayEPS $ A company's reported earnings per share for the last 12 mths Daily Vol. Number of total shares traded todayNAV Net Asset Value DIV $ Dividends per share paid in the last 12 monthsN/MNot Meaningful P/E Closing price divided by the last 12 month earningsFINDEX The Fidelity Bahamas Stock Index. January 1, 1994 = 100 (S) 4-for-1 Stock Split Effective Date 8/8/2007 (S1) 3-for-1 Stock Split Effective Date 7/11/200731-Mar-11 31-Mar-11 109.392860 100.183340 31-Dec-10 31-Dec-10 NAV 6MTH 1.490421 2.910084 1.555464TO TRADE CALL: CFAL 242-502-7010 | ROYALFIDELITY 242-356-7764 | FG CAPITAL MARKETS 242-396-4000 | COLONIAL 242-502-752528-Feb-11 31-Dec-10 28-Feb-11 25-Mar-11 31-Jan-11MARKET TERMS31-Dec-10 31-Mar-11CFAL Securities Ltd. (Over-The-Counter Securities)31-Mar-11BISX Listed Mutual FundsNAV Date 31-Mar-11 31-Dec-10 ultimate goal of raising EBITDA (operating income 12, 15 points. When asked if CWC was looking to improve BTCs operating margins from their current 28 per cent to around 38-40 per cent, Mr Rice described this as a statement of intent. Mr Houston yesterday indicated this remained very much CWCs goal in response to a Tribune Business question, outlining a road map to better margins that involved an improved service offering, right-sizing BTCs staffing and cost structures to cope with increased competition, and leveraging the economies of scale available through CWCs regional subsidiary, LIME. A large part of that will be how we improve our service offering, which at the same time should create new revenue opportunities for the business, Mr Houston explained. Mixed in with this was the need to retain BTCs existing customer base, through offering new and improved services and better pricing. Another big input into improved margins, Mr Houston explained, was BTCs ability to leverage the economies of scale and greater purchasing power available to it through LIME. This, he added, would be used to reduce the sums BTC paid to equipment and technology vendors, exploiting LIMEs multi-million strong, region-wide customer base. The BTC chief executive said that one key to the companys future success was how we build scale through leveraging the regional model of LIME, while right-sizing its cost base to get it into shape for when the cellular market in which it currentlyhas a monopoly starts to liberalise in three years time, ushering in increased competition. Through a combination of these efforts, we will bring BTCs margins to best in class levels, Mr Houston said, adding that they would be comparable to other global telecoms operators. Meet CWCs executives gave little in terms of specifics yesterday, pointing out that they wanted to meet as many BTC staff as possible within the next four-eight weeks, and discussed the proposed business plan for the company with them before setting it in stone. Still, Mr Houston gave an insight into the new majority owners thinking, explaining that BTC would aim to make inroads into the global data flows business, particularly given the Bahamas location and connectivity to the US, as well as exploiting the increasing popularity of smart phones. We definitely recognise the uniqueness of the Bahamas, the geographical location of the Bahamas, Mr Houston said. The benchmark for the market is North America. We feel there is a h uge opportunity to put BTC and the Bahamas at the forefront of success of the new global data business. When it came to smart phones, there was an opportunity to dri ve that into BTCs business, and permeate them through the marketplace. You can look forward to seeing that in the coming months. CWC is also aiming to build off BTCs assets, leveraging the infrastructure it has already deployed to significantly improve broadband Internet, and deliver a world class offering. A big part of the challenge is how we get to that very quickly, Mr Houston explained. As we start to get much more engaged with our people, and bring them along what will be a very challenging but very rewarding journey, we have got both eyes firmlyfixed on the further opening of the market in three years to com petition, so the underlying thinking for us is preparing the business for competition. Communications was a very competitive, dynamic business, Mr Houston added, acknowledging that a big part of the challenge will be to enhance the competitiveness of the business from a cost perspective. This would involve reducing BTCs costs to enable it to reduce product prices, and enhance customer service. Ultimately, Mr Houston said, he and BTC aimed in three years time to deliver to the Bahamas a customer-focused, com pelling business, and one in which BTC colleagues are proud to work in and maintains a strong Bahamian feel. CWC pledges best in class operating margins for BTC FROM page 1B STOCKS DIP AFTER ANOTHER EARTHQUAKE HITS JAPAN INTERNATIONAL BUSINESS
BUSINESS T HE TRIBUNE FRIDAY, APRIL 8, 2011, PAGE 7B ALAN CLENDENNING, Associated Press CIARAN GILES, Associated Press MADRID Spain dodged fallout Thursday from Portugal's request for a bailout, with Spanish Finance Minister Elena Salgado insisting that her nation is not next in line for international help. Markets appeared to agree, but a protest by young Spaniards against the nation'sa nti-austerity measures that have shielded it from turning into the next bailout candidate turned violent after police clashed with demonstrators. At least one protester was hurt. Earlier, investors buying Spanish debt accepted lower interest rates in an auction of three-year bonds seen as a first t est of Spain's financial health after Portugal announced Wednesday it would seek a long-predicted rescue package it was desperately trying to a void. The Spanish Treasury said it sold euro4.13 billion ($5.9 billion) Thursday morning at an average interest rate of 3.57 percent, down slightly from 3.59 percent in the last such auction March 3. Salgado told the Cadena Ser radio station that outside help for the eurozone's fourth largest economy "is absolutely ruled out" because the Spanish economy "is more diversi fied, more powerful with sound basics, and is much more competitive" than Portugal's. Portugal's bailout request also appeared to have little impact on Spain's borrowing rates in the secondary market. In afternoon trading, the yield on Spain's 10-year bonds was at 5.27 percent, up marginally from 5.21 percent on Wednesday. The spread, or difference, with Germany's equivalent rate was stable at 182 basis points, indicating investors are not any more worried about the country's finances. Spain's main stock index, meanwhile, was up 0.1 percent in afternoon trading. Despite the positive news for the eurozone's fourth largest economy, analysts said Spain's outlook is still shaky and will depend largely on whether the country's troubled savings banks called "cajas" can raise money to meet new core capital ratios set by the government. The Bank of Spain said in F ebruary that the cajas are holding about euro100 billion ($143 billion problematic" property assets, the result of loans gone bad leftover from Spain's extended construction boom that turned bust two years ago. "The coming weeks and months will be key in determining whether the market views Spain to be in the clear," said Jane Foley, an analyst at Rabobank International. But few economists think Spain is in line to become the fourth member of the eurozone's bailout club anytime soon, thanks to a raft of unpopular austerity measures pushed through by the Socialist gov ernment, including tax increases, public sector wage cuts and the raising of the retirement age from 65 to 67. Pr ob lems "Spain will not have the same problems as Portugal has b een facing because it has been addressing those problems for quite some time," said Angel Gurria, secretary general of the Paris-based Organization for Economic Cooperation and Development. Dan Seiver, a finance pro fessor at San Diego State Uni versity, said there is now a much lower risk that speculators will target other nations in the eurozone, because the weakest countries have received or are about to receive bailouts. Nevertheless, Spain faces extremely difficult times in the years ahead. Unemployment stands at eurozone-high 20 percent with grim growth prospects. Thousands of young Spaniards demonstrated Thursday night against the austerity measures in Madrid, waving signs that said "Youth With No Future, Youth With No Jobs, Youth With Nothing for Retire ment." The protest started peacefully, but turned violent later after 500 demonstrators grabbed metal fences used to divert traffic and threw them across one of Madrid's most stately avenues to block traffic. They also hurled debris at police vehicles. Police wielding batons intervened, beating demonstrators in a melee that sent the protesters scattering for cover. A photographer for The Associated Press captured an image of one protester, his head bloodied, being detained. Officers at the scene did decline comment on whether there were arrests and the nature of any injuries. B efore the fracas, protesters s aid they were marching because Spain's austerity measures have left them with a grim future. "The measures they are putting in place to get out of t he crisis are only going to increase inequality," said uni versity student Enrique Valdivieso, 25. "This situation affects young adults the most, and we're stuck in the most pre carious situation possible: We're studying but we have no f uture." Protester Carlos Rodriguez said he's a trained graphic artist, but can't find a full-time job so he still lives with his parents while scrapping for freelance work. "With what I make I can't even rent a room," he said. We're qualified but we can't work. Something has to change." During the construction boom, with housing prices rising steadily and homes seeming like golden investments for many Spaniards, droves purc hased apartments and houses with banks often financing 100 percent or more of home pur chases. Miguel Castillo, a 40-yearold furniture store owner, said his sales are about half of what they were several years ago now that most Spaniards have reduced purchasing power or are simply scared to spend. "We went into more debt than we should have. We lived like rich people when we should not have. They gave money away, and now we have to pay it back," said Castillo. Spain dodges fallout from Portugal bailout request (AP Photo/Paul White, File D ODGINGFALLOUT: I n this Jan. 24, 2011 file photo Spains Finance Minister Elena Salgado pauses during a news conference in Madrid. A look at economic developments and activity in major stock markets around the world Thursday: ___ FRANKFURT, Germany The European Central Bank raised its key interest rate for the first time in nearly three years as it signaled its determination to fight inflation, even as some euro member countries still struggle with debt crises and high unemployment. ___ LONDON News of another earthquake and tsunami in Japan hurt global stock markets, wiping out gains made earlier when investors had brushed off the European Central Bank's first interest rate increase in nearly three years and Portugal's request for a bailout. The FTSE 100 index was down 0.6 percent while Germany's DAX ended 0.5 percent lower. The CAC-40 in France fell 0.5 percent. ___ TOKYO In Asia, where markets were closed when the latest earthquake struck Japan, Tokyo's Nikkei 225 index rose less than 0.1 per cent. Hong Kong's Hang Seng index was mar ginally lower, while South Korea's Kospi fell 0.2 percent. ___ TOKYO The Bank of Japan downgraded its outlook for Japan's economy due to the fallout from the March 11 earthquake and tsunami, and kept its key interest rate unchanged at near zero. ___ BERLIN A group of leading think tanks raised its 2011 growth forecast for Germany to 2.8 percent and predicted that Europe's biggest economy, which has been lifted by strong demand for its exports, will expand by 2 percent next year. ___ LONDON The Bank of England held its base lending rate at an all-time low of 0.5 percent, as analysts expected, despite mounting concerns about high inflation. ___ GENEVA Global exports jumped 14.5 per cent last year the biggest rise recorded since 1950 as economies rebounded from the worldwide financial crisis, the World Trade Organization said. ___ ATHENS, Greece Greek journalists walked off the job for four days to protest job cuts and austerity measures as Greece grapples with a crippling financial crisis. GLOBAL ECONOMIC NEWS associated press
B USINESS PAGE 8B, FRIDAY, APRIL 8, 2011 THE TRIBUNE NASSAU INSURANCE BROKERS AND AGENTS LIMITEDAtlantic House,2nd Terrace & Collins Avenue P.O.Box N-7764 Nassau Suite 6,Jasmine Corporate Center,East Sunrise Highway P.O.Box F-42655,Freeport Tel.Nassau 677-6422 Freeport 352-6422 www.nibaquote.comEven Easter bunnies know a good deal when they see one.You could be $$$ better off insuring your home and your car with NIBA! Whether it's buildings insurance for home owners or great value motor cover,insurance costs less with NIBA.Low premiums,low deductibles and a fast claims service.Ask for a quote! The savings could add up to a very happy Easter!Tel.Nassau 677-6422/Freeport 352-6422 or visit www.nibaquote.comI n s u r a n c e c o s t s l e s s w i t h N I B A OpenSaturdays10.00am-2.00pm NEW YORK Oil prices rose above $110 a barrel reaching a new 30-month high Thursday after another earthquake hit Japan and the European Central Bank, fearful of inflation, raised a key interest rate. Benchmark West Texas Intermediate crude oil for May delivery rose $1.47 to settle at $110.30 per barrel on the New York Mercantile Exchange. In London, Brent crude gained 33 cents to settle at $122.26 per barrel on the ICE Futures exchange. WTI crude has traded near $108 this week as traders mull the impact of the ongoing turmoil in Libya, a weakening U.S. dollar and China's fourth interest rate hike since October. Investors are also concerned that a 29 percent jump in oil prices since midFebruary will force consumers to spend more on fuel costs and will eventually undermine crude demand. Supported Oil prices were also supported Thursday by signs that the Europ ean Central Bank is not about to commit to a long-term pursuit to raise interest rates. "We did not decide that it was the first of a series of rate increase," bank President Jean-Claude Trichet said. A weaker dollar makes commodities like oil priced in dollars cheaper and more attractive for investors holding other currencies, often leading to higher oil prices. The dollar fell to 84.92 Japanese yen late Thursday from 85.47 yen late Wednesday. T he euro fell to $1.4302 from $1.4336 late Wednesday. Trading earlier in the day was volatile, with the euro rising over $1.43 before and after the central bank announcement. It fell below the $1.43 mark after Trichet's comments. "The impact of a stronger euro will likely fuel commodity prices even higher over the balance of the week, although in energy's case, prices are starting to get dangerously high, and have gotten to a point where yet another inflationary spiral could be unleashed, particularly in emerging markets," said Edward Meir of MF Global inN ew York. "As prices move up, the prospect of creeping demand destruction in energy now seems to be more likely," Meir concluded. In other Nymex contracts for May delivery, heating oil lost 1.48 cents to settle at $3.2060 per gallon and gasoline futures lost 0.64 cents to settle at $3.1865 per gallon. Natural gas plunged after the government said supplies dropped less than expected. It gave up 8.9 cents to settle at $4.057 per 1,000 cubic feet. MARTIN CRUTSINGER, AP Economics Writer WASHINGTON U.S. consumers borrowed more money in February to buy new cars and attend school, but they cut back on using their credit cards to make purchases. Borrowing increased by $7.6 billion, or 3.8 percent, in February, the Federal Reserve said Thursday. It was the fifth consecutive monthly gain. All of the strength in February came in the category that includes car loans and student loans. That increased 7.7 percent. Borrowing in the category that covers cred it cards fell 4.1 percent. That has risen only once in the more than two years since the 2008 financial crisis peaked, a cautionary sign for an economy in which consumer spending drives 70 percent of growth. Still, Mark Zandi, chief economist at Moody's Analytics, said it may actually be a good thing that fewer Americans are charging goods on their plastic. "I think households have done a good job of getting their financial books in order and that will lay the foundation for more prudent borrowing going forward," Zandi said. The gains pushed total borrowing up to a seasonally adjusted annual rate of $2.42 trillion in February. That's 1 percent from the three-year low hit in September. Households began borrowing less and saving more as they struggled to cope with the severe 2007-2009 recession. But econ omists expect that the period of belt-tight ening is ending. They see consumer spending being supported this year by increased borrowing, rising employment and the Social Security tax cut that is giving households more after-tax income to spend. The Fed's monthly consumer credit report covers auto loans, student loans and credit card financing but excludes loans secured by real estate such as mortgages and home equity loans. Consumers borrow more for student loans, new cars ANNE D'INNOCENZIO, AP Retail Writer NEW YORK The economic recovery keeps defying expectations and g etting stronger. Robust consumer spending in March is the latest sign that the rebound is entering a self-reinforcing cycle of improvement. Shoppers shrugged off worries about higher gas prices and treated themselves at the mall last month. Retailers from Costco to Victoria's Secret reported surprisingly good sales Thursday, and analysts said people would have spent even more but for the late Easter. The results were the latest economic report to come in better than expected. The private sector added more than 200,000 jobs in each of February and March, and the unemployment rate has fallen more than a full percentage point, to 8.8 percent, in just four months. C onsumer spending, which makes up 70 percent of the economy, is critical to the recovery. The more shoppers spend, the more companies feel good about ramping up production, which means eventually adding workers, who spend more money. There are signs now that the cycle is taking off. Ajay Ban ga, the CEO and president of MasterCard Inc., told The Associated Press that there's "something changing" in American spending habits. The 90 percent of the people who are employed, compared with the 10 (percent who are not, no longer believe that their jobs are at risk," Banga said. "And their willingness to spend has changed compared with six or nine months ago ... when there was a fear." Overall, revenue at major retailers rose 2 percent over last March, according to the Inter national Council of Shopping Centers. Many analysts had expected it to be flat or to decline slightly. The figures are based on stores open at least a year. The increase is better than it looks because Easter falls on April 24 this year, three weeks later than last year. Had it fall en in March, retailers' results might have been three to five percentage points better because of holiday spending, analysts say. There's still plenty for retail ers to worry about. Gas now averages more than $3.50 a gallon in almost every state, and food keeps getting more expensive. But "jobs rule, and that is what is determining the under lying strength," said Michael P. Niemira, chief economist at the International Council of Shopping Centers. Other factors worked against stores. The earthquake, tsunami a nd nuclear crises in Japan took a toll on Gap Inc., which has more than 150 stores there. It reported a decline that was worse than expected and warned of disappointing earnings. Clothing sellers are starting to raise prices to offset soaring costs for labor in China and for raw materials like cotton. Americans have more money to spend because of a two-percentage-point cut in the Social Security payroll tax, which will provide most households an additional $1,000 to $2,000 this year. The IRS had also paid out $206 billion in tax refunds through March 25, 1.1 percent more than at the same point last year. Even so, consumers surveyed in March for the Conference Board's consumer confidence index voiced concerns about inflation and stagnant incomes. Niemira said price increases, especially for food, may have helped revenue at discount stores. Most increases in clothing prices haven't been passed on to consumers yet. Costco's revenue at stores opened at least a year were up8 percent after adjusting for factors like rising gas prices and fluctuating foreign currencies that can make sales comparisons misleading. To keep sales humming, s tores are depending on shoppers like Miguel Guzman, 58, who works in the security business and picked up some extra clothes this week because of recent overtime shifts at work. "I feel in the last year I'm getting a little more spending money," said Guzman, who was shopping at Manhattan Mall in New York on Thursday. He plans to spend close to $1,000 for Easter, spoiling his 14 nieces and 21 nephews about twice as much as he spent last year when his work hours were cut. He's noticed the rising food prices but isn't concerned. "When it comes to food, believe it or not, the 99-cent store has everything in there," he said. (AP Photo/Damian Dovarganes RESTOCKING: Retail sales associates restock electronic supplies at B est Buy store in Glendale, Calif., on Wednesday, April 6, 2011. (AP Photo/Damian Dovarganes C OMPUTERCHAT: C ustomer Michael ONeil, left, is assisted by Best B uy sales associate, Ara Gregorian, as he shops for a laptop computer at Best Buy store in Glendale, Calif., Wednesday, April 6, 2011. OIL JUMPS ABOVE $110 ON LIBYA, JAPAN QUAKE INTERNATIONAL BUSINESS Stores turn in surprisingly strong sales for March
F R I D A Y A P R I L 8 2 0 1 1 T H E T R I B U N E S E C T I O N E Page 7E Roethlisberger confirms wedding plans By BRENT STUBBS Senior Sports Reporter email@example.com ALT HOUG H th e Bahamas h a s t he distinc tion of winn ing t h e title m o r e than any other country, the Bahamas Basketball Federation will be hosting the bia nnu a l ev e n t for just the thir d time. The la st tim e t he tourna m ent wa s s t a g e d h e r e w a s 1 9 9 5 w h e n t h e B aha m a s c a ptur ed it s four th tit le i n the men's d ivision. Prio r to that, the h o s t ed t h e t o u r n a me n t f o r t h e f i r s t t i me i n 19 84, w in n i n g th e s eco n d o f it s t h ree straight crowns. The dual event for men and women will be held July 25August 5 at the Kendal Isaacs Gymnasium and is anr ticipated to include some 13 national federations. Every t hi ng is goi ng g reat, said federation president Lawrence Hepburn. "W e h av e th e CB C e xecut ives co min g i n p re tt y soo n to me et with us and o ur marketing company. CBC is going to be partnering with us to raise the necessary funds to host t he champio nsh ips. We h av e alrea d y s ecu red th e S u p erC lu b s Br eezes as t h e of f i c ia l h ot e l fo r th e i r a c c o m m o da tions." Co u n tri es wh o h ave con f irmed th eir i n ter est s in p art i cip at i ng ar e Bar bad o s G u ya n a, S t V i n c en t & t h e Gr en ad i n e s V irg in I sla nds Ant ig ua & Ba rb uda, Bermuda, British Virgin Islands, Cay man Isl and s, Jamaica and th e T ur ks & Caicos Islands on the men's side. The countries expected to join the B ah ama s o n t h e wo m en s s i d e are B ar b a d o s G u y a n a S t V i n c e n t & t h e Grenadines, Virgin Islands, Cuba and Trinidad & Tobago. On c e t h e e xe cu t i ve s f ro m C B C co me to t o wn Hep b u r n s ai d th ey w i ll i n fo r m th em a s t o w h ich co un t ries w il l b e p art ic ipa t ing i n t he t ourna m e nt a g a ins t the Bahamas national teams. W e h a v e al re ad y c o n f i r me d t h e p a rticipation of many of our top profes si o n al p la yers an d th o s e th a t ar e in c o llege," Hepburn said. "We also intend to look at some of our top prospects here playing at home. "H op e ful ly whe n we pu t them a ll t og e t h e r w e s h o u l d h a v e t w o v e r y c om pe t i t iv e t e a m s t o r e pr e s e n t t he country in the tournament. So we are looking forward to a wonderful tour namen t as w e p u t to geth e r t wo q u ali ty teams." The good thing, according to Hep burn, is that the Bahamian public will B a h a m a s B a s k et b a l l F e d er a t i on h o s t s t h i r d C B C C h a m p i o n s h i p s SOFTBALL NPOTSA OPENING THE off ic i al o pe n ing c ere m o n i es o f t h e N ew P r o v i d e n c e O l d t i m e r s S o f t b a l l Ass oc i a ti on w il l ta k e p la c e on Saturday at the Archdeacon Wi ll iam T ho mp so n S of t bal l Park at the Southern Recre ation Ground. Th e o pe nin g g am e a t No on Sands Beer vs the Truckers, followed the official opening ceremonies. The Sigma Cru sade r s wil l p lay Doz er Hea vy Equ ipmen t wil l play at 2:30 p.m. Mini st er of You th, Spor ts a n d C u l t u r e Ch ar l e s M a y nard will dec lar e th e s e as on a nd th row ou t t he c e re mo ni al fir st pitch during the o pening ceremonies. TRACK COB TRAVELLING C O AC H B ra d le y C oo p e r w ill l ea d a fo ur me mbe r trac k & f i eld te am t ha t wi ll com p e t e i n a m e e t a t t h e B e t h u n e Cookma n B eac h Invitational in Dayto na, F lor ida o n Sat urday. The at hletes tr avelin g ar e st rong wom an J ulianna Duncanson in the discus and shot p ut t ; P o lya nn Bet h el in th e 2 0 0 m; Ma k iy a C a rg i ll in 10 0 m and 200 metres and Kendera Be thel in the di s c us a nd shot put. Al so t wo of ou r t ale nt ed f r e s h m e n L o r e n z o R o l l e ( ja velin) and Tamara Myers ( tr ip le ju mp an d 100m ) wil l remain in Nassau this week e n d t o c o m p e t e i n t h e B AAA' s Na ti ona l C ar ifta trials, under the instructions of coach March Humes. SOCCER GSSSA ACTION A F T E R c r o w n i n g i t s j uni or bo ys and g ir ls s occer c h a m p i o n s l a s t w e e k t h e G o v e r n m e n t S e c o n d a r y S c h oo l s S p o r t s A s s o ci a t i o n wil l cro wn th e swen ior gir ls an d boy s to day at the R osc oe D a vi e s N a ti o na l C e nt e r a t th e Baillou Hills Sporting Complex, starting at 4 p.m. The m atc h-ups are a s follows: SENIOR GIRLS CR Walker vs RM Bailey. SENIOR BOYS CI Gibson vs CR Walker. H e r e s h o w t h e y g o t t h e r e d u r i n g t h e p l a y o f f s o n Wednesday: SENIOR GIRLS 1 vs 4 C R W a l k e r d e f A n a t o l Ro dge rs 2 -0: J ustin e Meta ye r ( 1 9') a nd Jodei C lar ke ( 50 ') were the goal scorers. 2 vs 3 RM B ailey de f. C V Bethe l 32 ( Pe n a lt y s ho o to u t) : R a u ni c e B u t l e r G l e n d a S t u a r t a n d J ac q u e l i n e P et i t i f r e r e w e r e R M B a i l e y s g o a l s c o r e r s Z a r r i a M o x e y a n d A sh a n W i l son scored for CV Bethel. SENIOR BOYS 1 vs 4 C I G i b s o n d e f A n a t o l Rodg ers 4-1: Fredne l Lafle ur (21 ', 42 '), L u kins Va lc in (30' ) and Gerlin Joseph (57') were C I G i b s o n s g o a l s c o r e r s F r a nze Ba pt i s t ( 68 ') s c or e d for Anatol Rodgers. 2 vs 3 CR Walker upset CC Sweet ing 1-0 : L h ei ntz V inc en t (6 0' ) scored the lone goal. BASEBALL BAHAMIANS IN ACTION A number of Bahamian b a s e b a l l p l a y e r s w e r e i n a c t i o n this w ee k for th eir respe cti ve scho ols in the Un ited Sta tes. He re 's a l oo k a t som e o f th ei r p e r f o r m a n c e s : C a m p be l l Un i v e rsi t y t o ok a d ouble hea de r from North Carolina C entr al as Etienne Farq uha rs o n (Inag ua ) p lay ed in ga me tw o a nd wa s 0 -for-3. F a r q u h a r s o n h a s a b a t t i n g av er age o f .2 05 wit h an on base -perc enta ge of 29 3. G a m e 1 : C a m p b e l l d e f e a t e d North Ca rolina C entra l 82. spor ts NOTES SEE page 3E SEE page 3E By RENALDO DORSETT Tribune Sports Reporter firstname.lastname@example.org AS T H E re g io n e d g e s n e a r er to the most highly antici pat ed ju nio r t r ack and f iel d m e e t o f t h e y e a r t h e B a h a m a s i s l o o k i n g t o u s e w o rd s fro m a g lo b a l tr a c k a nd field powerhouse as motiva ti on for th is y e ar' s 20 1 1 C a rif ta team. BA AA s execu tives all ege t h a t r e p r e s e n t a t i v e s o u t o f Jamaica have challenged the r ema in der o f t he f ie ld s uggesting that no other country will win a gold medal at the g am e s s ch e d ul e d f or A pr i l 2 3 2 5 i n M o n t e g o B a y Jamaica. H a r r i s o n P e t t y B A A A s sponsor and President of the BAAA Parents Association, s a i d t h e f r i e n d l y t r a s h t a l k from the reigning champions s h o u l d a ct a s a ca t a l y s t f o r t e a m B a ha m a s i m p ro v e m e n t. "Jamaica has thrown out a dare to the Caribbean, espe cially to the Bahamas. They c l a i m t h a t n o g o l d m e d i a w i l l l e a v e J a m a i c a t h i s y e a r h e s a i d "Every sin g l e y e a r t h a t w e h a v e c o m p et ed a t th e C a r i f t a g a m e s w e h a v e b r o u g h t home gold medals. Last year we b r o ug ht h om e s i x. Wi t h this team with the depth we w il l ha ve a nd th e e xp eri en c e, w e e x p e c t t o b r i n g h o m e m o r e t h a n s ix go l d m ed l as Their dare is okay, but when we t h i n k a b o u t t he d ed i c at io n c om m i tm e n t a n d th e w i ll of our athletes we know that w e w i ll br in g h o m e m o re t h an the six gold that we brought home last year." P u b l i c R e l a t i o n s O f f i ce r A lp h e us F i nl a y so n r e a ff ir m ed h is c on fi de nc e in th e p rosp e c t i v e t e a m h ea d i n g i n t o t h i s weekend's Carifta trials. "We have heard from our fr ien ds down s out h, t hat n o g o l d i s g o i n g t o l e a v e J a m a i c a B ut we a r e going there to ge t our golds," he said, "We are going to go into the lions den and come out smiling." O n e o f t h e l e a d i n g c o n t e n d e r s f o r t h e B a h a m a s medal h ope s is world junior l e a d i n g 2 0 0 m s p r i n t e r Anthonique Strachan. T h e 1 0 t h g r a d e r o f S t A u g u st i n e s C ol l e g e i n k e d h e r name into t he recor d books a t t he S c ot i a ba n k H i g h sc h o ol n at io n al s a s s he er as ed 'G ol d e n G i r l D e b b i e F e r g u s o n M c K e nz ie s 2 0 0 m a rk o f 2 3 6 8 seconds when she was a stu d e n t o f S t A n d r e w s H i g h Jam aican challenge a catalyst' for Baham as Carift a T e a m Harrison Petty SEE page 3E H o p e f u l l y w h e n w e p ut t he m a ll t o g e t h e r w e s ho uld ha v e t w o v e r y co mpet i ti v e t ea ms t o r e p r e s e n t t h e c o un t r y i n t he t o u r n a m e n t Lawr ence Hepbur n By BRENT STUBBS Senior Sports Reporter email@example.com W ITH the ladi es ch ampi onship se r i es c o m p l e t e d a n d t h e m e n s m a c k i n th e m i d dle of the ir series, the B aha mas B aske tba ll Fe derati on is e age rly l ookin g a hea d t o t h e ho s t in g o f t h e Na ti o na l Ro u nd Ro bin C ha mpion s h ip se r i es. Fe dera tion p r e siden t L a wre nce He pburn con firmed that the c ha mpion s h ips w ill ta ke plac e ove r the Ea ster ho liday w eek end at the K enda l Isaa cs G ymna siu m C onfi r m ed so f ar to pa rtici pate in the me n's d ivisio n a re Grand B aha ma, N ew Pr ovidence, Eleuth e r a a n d A bac o. I t's no t c er ta in w h et he r or no t B im in i w il l be se n d i n g a t e a m a s t h e y a r e e x p e c t e d t o be in their Home com ing Ce leb r a tions. On the la dies' side, N ew Pr ov idence w i l l b e r e p r e s e n t e d b y t h e t o p t h re e t e a m s a s t h e y c o m p e t e i n a n i n v i ta t i o n a l t o u r n e y th at w ill al s o fea ture a team from Harb o u r I s l a n d E l e u t h e r a a n d p o s s i b l y G r a nd B ah ama "W e a r e ex pec ting some good ca marad eri e f ro m t he Fami ly Is land s," s aid H epb urn as the y pre pare fo r th e tou r n am ent. "W e hop e to m ake a fun d raiser ou t of it for th e fe dera tion. S o w e a r e ho p i n g t h a t t h e a sso c ia t i o ns w il l sup port it a nd t he fa ns w il l co me out a nd enj oy the ga me s tha t w ill be p lay ed be tw een the tea ms c oming in ." Hepb urn s aid the impor tance of the n at i o n a ls i s f o r t h e i s l a n d a s s o c i at i o n c h a mp io n s to h a v e a n o p po rtu ni ty to di sp la y the i r s ki ll s i n a to urn am e nt t o de te rm ine the natio nal ch ampi ons. We o w e i t to t he m t o ru n i t a nd s o w e ar e or ga ni z in g i t f or t h e m, H ep b u r n stressed "So with the tou r n ame nt bei ng held here, w e are hoping that the fans wi ll c ome out and support the p lay ers." The Four J 's Lad y C he etah s wo n the N ew P r ov i de nce Wom en s B as k et b al l A s so ciat io n ti tl e l as t week a t th e DW Da v is G ym na siu m de th ron in g t he B om mer G Lady Ang els. It is h o pe d th a t t he La d y C h e e ta h s a nd t h e L a d y A n g el s w i l l g e t a ch a n ce t o rene w thei r ma tch -up, alo ng w ith eithe r the J oh nson's Lad y Truc kers or the C ol leg e of the Ba ham as L a dy C arib s be ing inc lude d in the mix As fo r the men th e N ew Prov iden ce B a s k e t b a l l As s o c i a t i o n i s n o w i n i t s c h a m pion s h ip series. The win ner bet we en the d ef e nd i n g ch am pi o ns Co m mo n we al t h B a nk G ia n ts an d th e Re a l De a l Sh o c k e rs wi ll pl ay in th e to urname nt. W h oev er is dec lar ed t he champions H epbu rn s aid he' s con fid ent th at th ey w i l l r e p r e s e n t N e w P r o v i d e n c e w e l l b ecaus e b ot h teams comp ri se of s o me outstan ding pla yers. BBF looking ahead to National Round Robin Championship REAL DEAL SHOCKERS E VEN UP SE R IES A T 1-1 FelipÂŽ Major /T ribune staf f SEE MORE PICTURES ON PG2E
SPORTS TRIBUNE SPOR TS FRIDA Y APRIL 8, 201 1, P AGE 3E FOLLOWING the very successful S c o t i a b a n k N a t i o n a l H i g h S c h o o l Track and Field Championships, the B a h a m a s A s s o c i a t i o n o f A t h l e t i c As soc ia t io ns a n no u nc ed th a t B TC ha s bee n na med T i tle P a r tne r of the 201 1 Carifta Team Bahamas. Th i s p a rtn er shi p a lso e n ta il s to ni gh t an d S at u rd ay 's Car i f ta T r i al s bei ng named the BTC 2011 Carifta Trials. Some of the benefits that BTC will accrue include but not limited to the following: BTC may pr ovide products and market services with collateral mate r i a l s t o p a t r o n s a t t h e T r i a l s a n d Games, where permissible. BAAA Friends of Carifta: BTC w il l ha v e t he r ig ht t o spo ns or th e tra v e l T e e S h ir t s w o r n b y t h e a t h le t es coaches and off icials tr av el ing with the Ba hamas Carifta Game s Team to Montego Bay, Jamaica. B T C s l o g o w i l l b e d i s p l a y e d prominently on team travel uniform Tee shirts. It is also our ple asure to than k th e Ministry of Youth, Sports & Culture for their support of the Carifta pro gra mme, B A AA 's pu bli c r el ati ons o f f i c e r Al p h e u s H a w k Fi n l a y so n sa i d W e t h a nk th e m e d ia f or t he i r a ssi st a n c e i n h e i g h t e n i n g t h e p u b l i c s a wa r e n e s s o f a n d a p p r e c i a t i o n f o r Track and Field." The BTC Ca r ifta Trials is expe cted to be quite exciting and competitive. The BAAA has made the admission fee quite affordable for families with $3 Gen eral admi ss ion and $10 VIP T h er e i s n o a d m is s i o n f o r c hi l d r e n under 12. The trials starts at 5 p. today and 3 p.m. on Saturday. S om e o f t h e ma tc hu ps we ant i ci pate seeing this weekend are: Under 20 Boys 200m Trevora v a n o Ma c k e y 2 1 .1 9 s e c g o l d i n N a ti o na ls; Ste ph en Ne w bold 2 1. 19 sec i n ea r lier meet and Laron Hield, Moore's Island, 21.34sec in Nationals. Under 20 Boys 400mOJay Fer guson, 47.65sec, broke World Indoor Ch a m p i o n Ch r i s Br o wn s f o u r t e e n year old record of 48.02 sec.; Andre Well s o f G ra nd Ba ham a, s eco nd i n N atio nals in 47. 89 sec .; Ste phen Ne wbold, third in Nationals. Best time of 47.80sec earlier this season. U n d e r 1 7 B o y s 1 0 0 m T o m m y O u t te n f ro m G r a n d B a h a m a 1 0 8 5 se c ; Rashad Gibson, 10.89sec. Qualifying Standard 11.00sec Under 17 Boys Long jump Trae C a r e y 6 6 8 m ; D a r i e n D u n c o m b e 6 .4 8m ; Ma rk Du nc o mb e 6 .4 5m Qu a lifying Standard 6.45m. U n d e r 2 0 G i r l s 2 0 0 m A n t h o n i q u e S t r a c h a n 2 3 1 7 s e c t o b re ak D eb bi e Fe r gus o n' s r e cor d o f 23.6 8sec do ne in 1 994. Bes t ti me in th e w orld f or Ju ni ors thi s y e ar, sh are d w i t h G r a n d B a h a m a n a t i v e T y n i a Gai the r, wh o att ends Os ceol a H igh School in Kissimee, Florida; Rashan Brown, Grand Bahama, best time of 23.76sec in 2010. U n d e r 2 0 G i rl s 4 0 0 m 2 0 1 0 W o rl d J u n i o r c h a m p i o n S h a u n a e M i l l e r 53.26sec that broke Vernetta Rolle's fourteen year old record of 53.86sec. and Rashan Brown, fourth in Singa pore 's You th Oly mpic s wi th 5 3. 76 sec Under 17 Girls 100m Devynne C harlton, 12.0 8sec N ationals cha mpion and Ca r m eisha Cox 12.1 4sec sec o n d p l a c e Q u a l i f t y i n g S t a n d a r d 12.10sec. "From the information emanating out of Jamaica, our Carifta host, it is un de rst oo d t ha t th e y w i ll le t No Go ld Medal Leave,' meaning that Jamaica will win every gold medal, with total domination of the event," Finlayson pointed out. "With this in mind we are encour ag ing th e Ba ha mia n pub lic to suppo rt the team by traveling to the Games over the Easter weekend." Packages are s till avai lable at t he BAAA's office. "We are also encouraging persons involved in Junkanoo groups to join the C ari fta C o ng os' wh o bri ng a spe c i a l f l a re t o t h e G a m e s i n th e i r s u pp o r t of Te am Ba ham as," Fin lay s o n sta ted. The BAAA will provide a number of pri ze s for fa ns an d on Sa tu rda y w ill raffle two round trip tickets to Mon tego Bay for the Games. "Once again, we are delighted that BTC has come on board for Carifta 20 1 1 an d t ha n k t he Mi ni st ry o f Y o ut h, Sports, & Culture for their continual support," Finlayson added. BTC announced as T itle Partner of the 2011 Carifta T eam Bahamas By RENALDO DORSETT Tribune Sports Reporter firstname.lastname@example.org O NE o f t he l i t t l e c a ys o f f t he m ai n l a nd o f A ba co is c ont i nui ng t o p ro duc e a c r op o f re c or d break i n g junior sprinters and a re be co mi ng re c og n ise d fo r t hei r ef for ts T he spri nt r el ay tea m f rom M o o r e s I s l a n d A b a c o w i l l b e i n ac ti on t his weeke nd, i ndi vi dual l y a s the y at t emp t to ear n a s pot on the 20 11 C a ri ft a Trac k and Fi el d tea m. A s a p a r t o f th e ir e v e n t f u l w e e ke n d t h e 4 x 1 0 0 m e t e r r e l a y t eam of A nto ine D avi s, El roy M c B r i d g e P a r o n D a v i s a n d L a r o n H i e l d p a i d a c o u r t e s y c a l l on the t he Gov ernor G ene ral H i s E x c e l l e n c y S i r A r t h u r F o u l k e s t o c e l e b r a t e t h e i r record b reaking pe r fo r man ce a t t h e S c o t i a b a n k N a t i o n a l H ig h S chool C h ampi ons hi ps. T h e t eam i nked the ir nam es i n the rec ord books in a ti me of 4 1.37 in t he eve nt. T he 4x40 0m relay team, of McBride, H ield, Paron Davis a nd Ni c ho l a s Rob er t s p os t e d a t i m e o f 3 : 1 9 1 5 t o w i n t h a t event as well, and just missed w ipin g aw ay B ish op Mic ha el E l d o n s p r e v i o u s r e c o r d o f 3 : 1 8 2 5 t h a t t h e y p o s t e d i n 1989. M o o r e s I s l a n d h a d t h e i r o w n c h e e r i n g s e c t i o n a t t h e meet as they earned a second consecutive trip to the presti gi ous Penn Relay s in Phi lade lph i a nex t m o nth, co urtesy of the BAAA. Ad rian Fran cis o f Moo re's I s l a nd c al l e d t he t e am s a c co m p l i s h m e n t s n o t h i n g s h o r t o f amazing. "Its amaz ing t hat t hese guys can accomplish what they did i n t h e l i m i t e d f a c i l i t i e s t h a t t h ey h av e. I t s a l m os t m i nd bo gg l i ng to believe that Moores Island t r a c k i s w h a t i t i s h e s a i d W e t a l k a b ou t pe r c ap i t a a s a co u nt r y b u t f o r M o o r e s I s l a n d which has a population of just 8 00 a n d t h e siz e o f P ar a d is e I s l a n d t o a c c o m p l i s h w h a t these guys have don e is ph eno m ena l Ou t of 19 6 s ch ool s i n P en n re l a y s l a s t ye a r t he y c am e 1 0 t h s o i t s p e a k s v o l u m e s about what they can achieve." Francis attributed their suc c e s s t o g r e a t d i s c i p l i n e a n d focus on and off the track. "It goe s wi thout s ayi ng t hat t h e s e g u y s a r e p h e n o m e n a l W e t a l k a b o u t t h e w r o n g t h in g s b e i n g o n t he f r o nt of t h e p a pe r s b u t w ha t t h e s e y o u ng m e n h a ve d on e i s s e n sa t i on al a nd i t n e e ds t o b e r e c o g n i z e d h e s a i d T h e y a r e a 4 x 1 0 0 t ea m b u t t hey pra ct ic e do ing 8x 8s in al l o u t s p r i n t s s o i t s h o ws t h a t t h e i r d is c ip li n e i s i n ta c t. Wi th t h e gr ades the y have i n t he cl as sro o m as w el l, th es e g u ys ar e pr epar ed for l if e beyon d t rac k. M o o r e s I s l a n d h a s a f e e d e r s y s tem t h at i s sustainab l e so i t's n ot a o ne s h ot i n t h e c l o ud d ea l so hats off to coach Wi ll iams a n d t h e r e s t o f t h e s t a f f f o r w h a t t hey ar e doin g. MOORE'S IS L A N D SP R INT REL A Y TEAM AIM T O EARN C ARIFT A S P OT G a m e 2 : C a m p b e l l d e f N or t h c arolin a C en tr a l 1 5-1 C o l l e g e o f C h a r l e s t o n d e f e a t e d t h e U n i v e r s i t y o f No rt h Car ol in a Wi lm ing to n 6 -5 as B r a ndo n M u rr a y (Na ssau J BLN) did not ma ke an a pp e a r a n ce M u r r a y i s cu r ren tly batt ing an aver age of 3 3 3 K in g C ol l e g e d e f B r e v a rd C olle ge 6 -4 as Cha mp Stua rt ( B i m i n i ) a f r e s h m a n o u t fi elder for B r evar d Colle ge, w as 1 -for-4 in th is ga me Stu ar t has a b att ing aver age of .2 00 w ith one h ome run and nin e R BI. R o l l i n s U n i v e r s i t y d e f Fl orid a Tec h 2 -1 a s Ch ris Fox ( F r e e d o m F a r m ) a s e n i o r w ho pl ay s ou tfi e ld f or Fl ori da Tec h, wa s 0-fo r -3 w ith a w alk in this ga me. Fox has a batting av er ag e of .265 with an onbase-p erce ntag e of .3 85 R h o d e s C o l l e g e d e f L a Gr an ge Co l le ge 16 14 as L y n d e n P i n d l i n g a s o p h o mo r e pl ayi ng s h or t s to p f or Rh odes C olleg e, w as 1 -for -3 w i t h t h r e e w a l k s a n d t h r e e runs s c ored in the ga me. Pin dli ng has a batti ng ave rag e o f .3 70 w ith a n a n on-b ase-pe rc enta ge of 51 0. Sports Notes FROM page 1E School in 1994. In t he p ro cess St rach an's t i m e o f 2 3 1 7 e q u a l l e d t h e w o r l d j u n i o r l e a d i n g t i m e w h i c h w a s a l s o d o n e b y G r a n d B a h a m i a n n a t i v e T y n i a G a i t e r w h o a t t en d s h i gh s c h o o l i n O r lan do T he pr e vio u s be s t t i m e w a s 2 3 2 2 b y A l l i s o n P e t e r o f t h e B r i t i s h V i r g i n Isla nd s a t a me et in O rla ndo Ev eryo ne g oes to C arifta ex p ec ti ng t o c om eb ac k w i th a me dal bec ause no o ne w an ts to le a v e em p ty ha n de d S tr ach an, "The y are alrea dy sayi n g t h a t n o o n e i s g o i n g t o l e a v e J a m a i c a w i t h a g o l d m ed a l, bu t wi t h t h ei r ti m es t h e y a r e n o t s h o w i n g th a t T h e Ba ham as is no w stepp ing up a n d s h o w i n g t h e i r t i m e s am ongst the to p in the w orld m a r k s D a v i d C h a r l t o n H e a d Coa c h o f t his year 's Cari ft a te a m sa i d t h e d e p th a nd e x p erien ce of this y ear's te am w ill b e a d e c i d i n g f a c t o r i n t h e me dal performa nc e. I t h i n k w e a r e g o i n g t o shoc k Ja ma ic a bec au se of the d e p th a n d t a l e n t t h a t w e h a v e We are going into t h e lion 's den. Jamaic a is th e s port ing Me c ca w he n i t co me s to t rac k a n d f i e l d b u t we a r e g o i n g there and we ar e not taking an y prisone rs he said "W e h a v e a d e e p a n d t a l e n te d t e a m w e w ill c arry a full team w e will c arr y a st rong team. T o get it all st art ed we h ave t o g e t t h ro u g h t h e t ri a l s f i r st Th i s w i l l b e g i n t h e p r o c e s s o f s el ec ti n g ou r te am s o com e out and le nd y our sup port to yo ur l oved on es vyi ng fo r a sport on this y ear's tra ck and fie ld te am. In the 201 0 editi on o f t he games, Jamaica to ok a tot al of 7 2 me dal s w hic h i ncl uded 3 7 g o l d 2 2 s i l v e r a n d 1 3 b r o n z e Tr ini dad and T obago was third w ith 4 0 med als, 12 g old, 16 silv er a nd 1 2 bron ze w hile the Ba ham as w on 29 me dals, s i x g o l d 1 0 s i l v e r a n d 1 3 b r o n z e L a u r a Ch a r l t o n B A A A s T r e as u r e i n s is t e d t h at p r ov id in g a w el c om e a tm osp he re f o r B a h a m i a n a t h l e t e s i n Monte go Ba y wi ll b e vita l to the ir suc ce s s i n c ompe tition Wer e ver y excited about this yea r. W e ha ve a Frien ds of C ari fta' grou p tha t is go ing dow n al ong w ith our C arifta C on g o' w h ic h is th e ju nk an oo asp ec t of ou r f r i en ds of C arif t a a n d w e r e t r u l y e x c i t e d ab out tha t," he sa id, We are usua lly the loude st, th e m ost ex ci t ed a nd th e d om i na t in g g r o u p w h e n w e t r a v e l t o C a ri f t a T h i s y e a r w e w i l l b e i n J ama ic a s o the y w ill hav e the h o m e c o u r t a d v a n ta g e b u t t h i s ye ar w e w ill n ot pla y de ad w e ha ve a large con ting ent g oing dow n a nd w e inv ite a ll o f the B aha mas to co me d own and suppo r t our ki ds." Other C arifta m eda l hope f ul s g ave t he ir in pu t on th e c h a l l e n g e o f c o m p e t i n g i n J ama ic a a nd returnin g home as Ca r i fta m eda llists T h i s i s m y t h i r d y e ar i n t r a c k a n d f i e l d a n d I h a v e b l o o d i n my e ye s a nd I a m go ing for a med al this ye ar. I a m g o i n g f o r t h e g o l d t h i s y e a r a nd l ea v in g J am a i ca w it h a med al," s aid A ud ley Care y, mi d dl e di s ta nce r u nn er an d o n e o f t h e f i r s t a t h l e t e s t o qua lify this y ea r Kat rin a Seymo ur, r enown 40 0m runne r w ho shifted to t h e 40 0m hu r d l es t h is y ea r said that she h as ev ery inten t i o n o f co m i n g b a ck wi t h a go ld m eda l in her e ve nt. A t C a r i f t a I p l a n o n t a k i n g a go ld med al an d hope fully se t a no th e r re c ord a nd se t a P R ," she said. Ryan I ngraha m, w ho won t h e B s ec t i o n o f t h e Y o u t h O l y m p i c s a n d a n d l e a p t 2 1 6 m a t t h e H i g h S c h o o l N ati ona ls, i s a no the r top c on ten dor fo r a med al in his sig na ture e ve nt a t the ga mes. "S how e ve ry one I c am e to do bu sine ss, h e sa id I w an t t o w in t h e g ol d b u t I a ls o w a n t t o g o d o w n t o C a r i f t a a n d s e t a n e w C a r i f t a r e c o r d b u t f o r t h i s week en d I pl an t o p ut o n a s h o w T he BAAAs w ill host the C ari fta Tria ls thi s w e e ken d a t Tho ma s A. R ob in son, b eg in ni ng F rida y Ap ril 8 th a t 5 pm a n d c o nt i n u i n g S a t u r d a y A p ri l 6 th at 3 pm J a m a i c a c h a l l e n g e FROM page 1E f i n a l l y ge t a c h a n c e t o se e p l a yers su ch as Benn ett Davis an d An wa r F ergu s o n j u st t o n am e a few on the men's side, and W a lt i a R o ll e o n t he l a di e s s ide, c o m pe ting a t home for the first time in a major inter national event. L a s t y e a r t h e f e d e r a t i o n r e l e a s e d t h e n a m e s o f i t s c o ac h i n g s t aff wi t h Am eri ca n s La rr y B r o w n a n d L a r r y T i d w e l l a s s u m i n g t h e r o l e s o n t h e re sp ec ti ve tea ms. B ro w n a tec h n ic al d i re cto r w h o h a s a ss i s t e d t h e f ed e r at i o n i n a c o a c h i ng c l i n i c w i l l be a s s i s t e d b y M a r i o B o w l e g G r a n d B a h a m i a n Q u i n t i n T h r e e Ou n c e Ha l l a n d f o r m er N B A p l a y e r D e x t e r C a m b r i d g e T i d w e l l t h e At h l et i c De i r ec t o r a n d h e a d c o a c h o f t h e L amar Un i ver si t y L ad y C ard i na ls bas k e tba ll tea m, w ill b e a s s i s t e d b y F e l i x F l y M u s g r o v e an d K ayl a Ca mp b el l N o w t h a t w e h a v e o u r co a ch i n g st af f i n p la ce, we ar e w or ki ng on p utt in g th e be s t p o s s i b l e t e ams to get h e r to r ep resen t th e co un try, esp e ci all y h e r e a t h o m e, H ep b u r n p o i n t ed o u t We are in co n t act w it h al l o f t h e p l a ye r s an d w e h av e g o t t e n s o m e p o s i t i v e r e s p o n s e fr o m a lot of the m tha t they i n t en d t o c o m e h o m e an d c o mp et e o n t h e te ams He pb urn s aid both Brown a nd Ti dwe ll wil l be wor king w it h th e p l aye rs i n t h e Un i t ed S t at es b e fo r e t h ey c o me h o m e t o j o i n th e l o ca l co re o f p l ay ers w h o wi l l b e in vi ted t o t ry o u t "W e d o n t k n o w w h o al l w i l l b e co m i n g, b u t w e exp ec t t h at w e w i ll h ave so m e o f t h e b est p l a y e r s t h at w e h a v e o u t t h e r e L eb u r n s ai d "T h e co ac h es ar e eag er t o get st ar te d Wh i l e th ey ar e n o t s u re yet exa ct l y w h i ch co u n tr i es w il l b e c o m i n g t o p a r t i c i p a t e H e p b u r n s ai d t h e f ed e ra ti o n i s c o n f i d en t t h at t h e B ah am as wi l l b e wel l r e p r e s e n t e d S inc e th e i nc e pti on of the t o u rn a men t th e B ah am as h as w o n t h e m e n s t i t l e i n 1 9 8 2 ( J a m a ic a ) 1 9 8 4 ( B a ha m a s ) 1 9 8 5 ( B a r b a d o s ) 1 9 9 1 ( J a m a i c a ) 1 9 9 3 ( B a r b a d o s ) a n d 1 9 9 5 ( B ar b a d o s ) T h e B a h a m as w o n th e b r o n ze A t t he la s t C B C C ha m pi on s h ips in the B ritish Virg in Is lan ds in 2009, t h e Bah ama s m e n s t e a m f i n i s h e d f i f t h J am a i c a i s t h e d ef e n d i n g ch a mp i o n s h a v i n g w o n o v e r t h e h o s t c o u n t r y T h e c h am p i o n s h i p s al l o w t h e t o p th ree o r f o u r t e ams t o ear n b e r t h s t o t h e C e n t r o b a s k e t w i t h the vie w o f a d v ancing to th e FIBA Wo r l d Ch a mpi onsh ips o r O l ymp i cs Fr ee port Ba ha ma s Pri or t o th e s t a r t o f t h e n e w G r a n d B a h a m a A m a t eu r B a se b a l l se a so n l a st y e a r s wi nne rs, G BPA Re gul at ors' wer e pr es en te d wi t h t he i r o f fi ci a l ch am p i ons hi p t roph y. T he ex ube ra nt te am com pri se d of st a ff m e mb ers o f Th e G r a n d B a h a m a P o r t A ut h or i t y L i m i te d ( GB P A ) a n d a f f il ia t e s w e r e jo in ed b y Gin ge r M ox ey GB P AV ic e P re si de nt wh o pr a ise d th eir who l ehe a rte d e ff ort s. W e a re e xt re me l y pro ud of o ur t e a m s a c h i e v e m e n t s T h i s w i n s p e a k s v o l u m e s o f t h e i r c om m i t m e n t t o a w o r t h w h i l e e n d e a v o u r I t de mo ns tr a tes u n ity fo r titu d e a n d preparedness; qual iti es w hi c h they e m ul at e bot h o n a nd of f t he f ie l d," s he s ai d. Whilst making th e pres entation, D i re cto r of G B Am a te ur B as eba l l S te phe n Ad der le y of f ere d cong ra tu l at io ns. "W e co mm e nd th e Reg ul a t or s o n t h e i r a c hi e v e m e nt t hi s p a st s ea son T he y' v e b ee n i n t he l e ag ue f o r s e v e r a l y e a r s a n d n o w t h a t t hey ve re ache d th e t op, hop ef ul l y, t hey wi l l st ay th ere ," h e s ta te d. A ssi st a nt ma na ge r o f t he GB PA R e g u la t o r s ', M a r k G ar d i n e r w a s op t i m i st i c ab ou t t he gr ou p' s ch a nce s a n d a t t r i b u t e d t h e i r t r i u m p h o v e r f i v e o t h e r t e a m s i n t he l e a g ue t o a ch a ng e in game plan "Our play this year w as m o re con ce nt ra t e d. W e b ro ug h t i n a nu m b e r o f y o un g e r p l a y e rs f r o m t he j un i o r l e a g ue an d t he y re a l l y ca t a pul te d us to a di ff er en t l ev e l," st at e d Gar din er "We ha d g ame plan m e e t i n g s a n d s t u d i e d a l l o f o u r o p p o n e nts prior to each g ame and that edg e ga ve us t he vi ct ory ov era l l ." L ast se as on' s cha mp i onsh ip s ha d it s sh are of o bst acl e s fo r th e Reg ul a t o r s w h o f r e q u e n t l y p l a y e d w i t h 1 1 p layers and sometimes n ine. Wi th th e return of the maj o ri ty o f thei r squa d, t he y a nt ici pa t e a not he r succ e ss fu l s eas on Ac c o rd ing to th e GB PA R eg u l at o rs' t hi s y e a r' s m o tto i s, l et s do it ag a in ". GBP A regulators' presented with baseball tr ophy TROPHY PRESE N T ATION: On han d for pre se ntati ons were (le ft to righ t) : Cory Ca rtw righ t, te am ma na ger; Steph en Adde rley D i r e cto r GB Amate ur Ba se bal l; Alonzo Pratt, Pres ident, GB Amateur Baseball; Ginger Moxey, GBPA-Vice President; Ricardo Rolle, player; Davado Russell, Assistant Coach; and Mark Gardiner, Assistant Manager. CB C C ham pionships FROM page 1E
SPORTS P AGE 8E, FRIDA Y APRIL 8, 201 1 TRIBUNE SPORTS T HR E E c o mm un it y a sso ci a ti on s the B a h a m a s G o l f F e d e r a t i o n t h e M i s s B a h a m a s G a l a x y P a g e a n t a n d t h e Y WC A of Th e B ah am as re c en tly pa rtnered to t rea t the c ontestants from M iss G a l a x y Pa g e a n t t o t h e g a me o f g o l f a t t he h o m e o f th e B G F i n t h e Q ue e n E li z a b e t h Sports Complex. T h e h i g h l y s u c c e s s f u l e v e n t w a s e n j o ye d b y a l l p ar t i ci p a n t s i nc l u d i n g members and friends of the YWCA. In s t r u ct ion for the se s si on wa s p rovi de d b y J i m D u n c o m b e p r o f e s s i o n a l g o l f e r / i n s t r u c t o r a n d Y v o n n e S h a w BGF's administrator. Shaw stated that it was a pleasure to ha ve th e opp ortun ity to pa rtne r w ith the YWCA and the Miss Bahamas Galaxy Pageant and host the contestants at the BGF's facility and to introduce them to the game of Golf. D u n c o m b e w i d e l y k n o w n a s t h e S w i n g D o c t o r, a l so w e l c o me d t he o p p or tu ni ty to w o rk w it h th e y ou n g la d ie s. S he a l s o s p o k e o n t h e i m p o r t a n c e o f t h e g am e a s th e ni ne c ore va lu e s l e arn e d w il l benefit the individual for a life time. T h e n in e co r e va l ue s a r e : H o n es t y Inte grity S portsmanshi p, Respe ct, C onfi de nce Re sp o ns ib i li ty P er s ev er an ce, Courtesy and Judgment. Sh aw als o ho pes t hat with the com p le ti on o f th e B GF 's 9 H ol e Go lf c o urse golf will be introduced as a sport in the educational system. Shaw wished all the contestants well and h ope d th at t hey wou ld r evi s it t he BGF facility and become involved. Rosalie Fawke s General Sec r eta r y at the YWCA, stated that the contestants use the Activity C ent e r at the Y WCA fo r t h eir r eh ear s al s p ace an d t ha t l as t y e a r, t he di re c to r of th e p ag e a nt A nd re a K nott, ha d a pproa ch ed the YW C A w ith a re g a r d t o h a v i n g t h e c o n t e st a nt s e n g a g e i n c om m un ity se rvi c e i n pa rt ne rsh ip w i th the Y. Si nc e th en, Faw k es sai d tha t the Y has as s is te d in o r g an i s i ng wo r k s h o ps t h a t s er v e to c on t rib u te to t h e p er so na l d e v e lopment of the young ladies. Th e p re se n t a t i o n s m a d e s o f a r t h i s y e a r have dealt with etiquette, public speak ing, learning to play golf, grooming and personal appearance and some of the young ladies have attended Bible Study sessions at the YWCA. Knot t exp re ss ed gr eat appr eciat io n to th e B GF an d th e Y W C A fo r a ff o rd i ng t h e co n t es t an t s t he op p o r tu n i ty t o b e actively involved in community service p r o j e c t s a n d f o r t h e a d d i t i o n a l r e i n force me nt o f v alu es th at they wou ld like the young ladies to cultivate. In i ts ef fo rt to p rov id e p er son al d e ve l o p m e n t o p p o r t u n i t i e s t o w o m e n a n d yo ung g irls, thi s v ent ure an d partn ership with community organizations has been in st rum e nt al in h e lp i ng to i mp le m e nt t he v i s i o n a n d m i s s i o n o f M i s s B a h a m a s Galaxy Pageant. The pageant will be held on Sunday 17th April, 2011, Showtime: 8:00 pm at the Wyn dham Nassau Resort B allroom. Tick ets a re $25 Ad ults a nd $1 5 chi ldren. T ic ke t ou t l et s a r e Ci n d er e ll a Sh o e S t o r e # 2 W u l f f R o a d ; E l e c t r o J a c k T own C ent re Mall; So S e xy Boutiq ue, Ca rm ich ael Ro ad; Gad get an d Ge ar s Mall-a t-Maratho n a nd Cy berJ ac k, Mall at-Marathon. M I S S G A L A X Y P A G E A N T C O N T E S T A N T S T R E A T E D T O G A M E O F G O L F GALACTIC TREA T : T h e B a h a m a s Go l f F e d e r a t i o n t h e M i s s B a h a m a s G a l a x y P a g e a n t and the YWCA of The Bahamas recently partnered to treat the co n te s ta nt s fr om M is s Ga la xy Pa g ea nt t o th e g am e o f go l f at t he home of the BGF in the Queen Elizabeth Sports Complex.