N ASSA U AND BAHAMA ISLANDS LEADING NEWSPAPER V olume: 107 No.141FRIDAY, MAY 13, 2011 PRICE 75 (Abaco and Grand Bahama $1.25 W EATHER SUNSHINE, CLOUDS HIGH 84F LOW 73F S P O R T S SEESPORTSINSECTIONE A second for Leevan Sands By PAUL G TURNQUEST Tribune Staff Reporter email@example.com BAMBOO TOWN Member of Parliament Branville McCartney unveiled nine of his Democratic National Alliancep artys general election candi dates at the official DNA launch last night. Before a packed ballroom at the Wyndham Nassau Bahamas Resort, Mr Cartney announced the following can didates: Chelphene Cunningham, Garden Hills; Floyd Armbrister Exuma; Sammy PoitierSouth Beach; Farrel Goff Clifton; Ben Albury Montagu; Adrian Laroda MICAL; Roscoe Thompson South Abaco; Charlene Paul Elizabeth and Alfred Poitier Kennedy. As the leader of this new political party, Mr McCartney said that he would not be mak ing any sweeping political promises as he, like the general public, is tired of the rhetoric of talk with no action. Mr McCartney said that his record in public life thus far speaks for itself and he is not afraid to get the job done. Mr McCartney said that the DNA believes in delivering a simple, clear, and concise action plan for the nation, with the one simple truth that they firmly believe that if you put people first, everything else will take care of itself. Tonight, my fellow Bahamians, I implore you to join with us and let us together build The Bahamas, which we deserve after 44 years of major ity rule and 38 years of inde pendence. Tonight and every night until the day of election we must say in one loud resounding voice we will be the change we want to see! Now more than ever, is the time for change a time for a new breed of governance to move our country safely past this most pressing socially volatile crossroad in our countrys history, he said. Mr McCartney noted that in the coming weeks and months there would be a litany of persons saying that he is either too young, or too inexperienced, or that the timing is wrong for a Official launch of new party COOKIESAND C REAM M cFLURRY The Tribune THEPEOPLESPAPER BIGGESTANDBEST L ATESTNEWSONWWW.TRIBUNE242.COM DNA unveils first election candidates THEBAHAMASBIGGEST CARSFORSALE, HELPWANTED ANDREALESTATE I N S I D E By TANEKA THOMPSON Tribune Staff Reporter firstname.lastname@example.org FOUR of the seven children who were trapped inside their burning home remain in Intensive Care at Princess Margaret Hospital suffering fr om sever e smoke inhalation. At least one of the children received some burns during the tragic fir e that claimed the lives of three youngsters living on Sandilands Village Road, The Tribune was told. The four children aged one, four, five and 10 were said to be unconBy MEGAN REYNOLDS Tribune Staff Reporter email@example.com A FAMILY fair and fundraiser at Arawak Cay tomorrow will help cover more than $1 million in medical bills for a child recovering from a deadly skin disor der who lost her mother to breast cancer last month. Ravyn Deveaux, eight, returned home in February following ten weeks of treat ment and two surgeries at the Joe DiMag gio Childrens Hospital in Fort Lauderdale for complications caused by StevensJohn son Syndrome (SJS Ravyn developed the disease as a reaction to medication she had been preBy DENISE MAYCOCK Tribune Freeport Reporter firstname.lastname@example.org EXUMA resident Terry Bain, spokesman for the Save The Exuma Park (STEP in Farmers Cay yesterday. His wife Ernestine told The Tribune three officers came to their restaurant at Ocean Cabin and took her husband into custody around 4pm. Mrs Bain believes his arrest is connected with his ongoing opposition to the dredging and excavation at the Bell Island in the Exuma Cays Land and Sea Park. He has been speaking out and doing a lot of shows on the radio educating SEE page 15 SEE page eight SEE page eight CHILDREN WHO SUR VIVED FIRE STILL IN INTENSIVE CARE FUNDRAISER F OR BEREAVED GIRL WITH SKIN DISORDER S TEP COMMITTEE SPOKESMAN TERRY BAIN IS ARRESTED By NOELLE NICOLLS Tribune Staff Reporter email@example.com CRISIS Centre advocates have expressed concern over the increasing prevalence of domestic violence, as police officials revealed they arrested a man in connection with an incident that left a woman paralysed. Leon Bethel, head of the Central Detective Unit, said the police are expecting formal charges to be filed soon in connection with reports that a woman suffered injuries in a domestic dispute. According to a Tribune source, the man now in police S EE page 15 ABUSIVE MEN USING MURDER IMA GES TO THREATEN PARTNERS SEE page eight LAUNCH: Democratic National Alliance and Bamboo Town MP Branville McCartney speaks to the capacity crowd at the Wyndham Nassau Bahamas Resort last night. The DNA was officially launched and unveiled nine of its candidates for the 2012 general election. Felip Major / Tribune staff
L OCAL NEWS P AGE 2, FRIDAY, MAY 13, 2011 THE TRIBUNE N ASSA U AND BAHAMA ISLANDS LEADING NEWSPAPER By DENISE MAYCOCK Tribune Freeport Reporter d firstname.lastname@example.org FREEPORT The newly-built College of the Bahamas Northern Campus in Grand Bahama was officially opened by Prime Minister Hubert Ingraham yesterday. Mr Ingraham commended COBs leadership, particularly former college president Janyne Hodder, for responding to the urgent need for construction of the campus by obtaining $10 million financing through the Royal Bank of Canada. Construction began in 2008. The first two phases of the project include construction of a 40,000 sq ft facility that comprises some 18 classrooms, language, computer and science laboratories, a library, bookstore, and administrative offices. Vernon Wells of Reef Construction was the general contractor and Dirk Saunders of Jackson Burnside Ltd was the architect. The new campus is situated on 50 acres of land in Lucaya Estates, donated by the Grand Bahama Port Authority. Mr Ingraham thanked the Port Authority for donating 200 acres of land to COB. He recognised the late chairman Edward St George for the transfer of the initial 50 acres of land. COB chairman T Baswell Donaldson and COB president Dr Betsy Vogel-Boze were also present at the opening and addressed those attending. Mr Donaldson said the new campus is another example of what can be achieved through public-private sector partnerships. On this occasion, nearly six years from when we first officially broke ground in 2005, we celebrate and we thank all our partners who made this day possible, he said. In her address, Dr Vogel-Boze revealed that the campus in Grand Bahama will serve as the centre for the colleges baccalaureate degree in maritime studies that will become the signature programme at the northern campus. This is a natural fit considering that the Bahamas is one of the top three ship registries in the world, she said. Prime Minister Ingraham said it is significant that a flagship programme of the campus in Grand Bahama will be in the area of maritime studies. He noted that the Bahamas is recognised as a world-renowned international maritime centre. And Grand Bahama, he said, is known as a major centre for ship repair and container transshipment. I understand from college officials that they have already collaborated with several international institutions, including the State University of New York (SUNY land College, both of which seek to enter partnerships with the College of the Bahamas in maritime studies, Mr Ingraham said. Both institutions have certification of the International Maritime Organisation and both are prepared to offer their pro grammes and allow their faculty to teach in Grand Bahama as well as host COB students on their respective campuses. Mr Ingraham said he believes this will encourage students from North America to consider the Bahamas as a viable choice for pursuing studies in maritime science. Additionally, he noted that the presence of the Ross University Medical School in Grand Bahama, offering medical studies for students from the US, and the emerging opportunity to make the northern campus a centre for maritime studies, demonstrates the potential for Grand Bahama to develop into a major off-shore education sector, creating significant opportunities for employment, income generation, business development and additional study opportunities for Bahamians. The prime minister said tertiary education is becoming imperative for all who seek to maximise opportunities in todays world. He noted that the government is committed to ensuring that Bahamians receive higher education by providing more than $6 million annually in scholarships for college studies for Bahamian students, including $1 million ear-marked for COB. It is what led us to take the enormous risk of providing some $100 million in education loan guarantees, giving thousands of students the opportunity to further pursue tertiary level education and career training. Though we are challenged by the nonrepayment of many student loans, we remain fully committed to the young people of our country, said the prime minister. Future plans for the northern campus include a transformation to a fully residen tial campus community that accommodates students from throughout the Bahamas, especially the northern Bahamas. The Grand Bahama campus has an enrolment of 600 students, 13 full-time fac ulty, 20 non-faculty staff, and in the past Spring semester, 42 part-time instructional faculty. PM officially opens COB Northern Campus in Grand Bahama PRIME Minister Hubert Ingraham at the official opening of the F reeport campus on Thursday. S h a r o n T u r n e r / B I S P h o t o MINISTER of Education Desmond Bannister cuts the ceremonial ribbon at the official opening of the College of the Bahamas' Northern Campus, Freeport. Pictured from left is COB president Dr Betsy Vogel-Boze; Ginger Moxey, vicepresident of the Grand Bahama Port Authority; Prime Minister Hubert Ingraham, Minister Bannister and COB council chairman T Baswell Donaldson.
By CELESTE NIXON Tribune Staff Reporter email@example.com THE Royal Bahamas Police Force is forging a relationship with an online and distance learning institute as it seeks to encourage its officers to further their education, skills and training. Law enforcement officers from the various agencies attended a lunch and learn information session at police headquarters yesterday held by the US-based Kaplan University as part of the polices planto fulfil its training mandate. Kaplan University vice-president international Wade Britt was on present to answer ques tions about online studies, what they are like, why they can be right for police officers and what courses are available. We enjoy creating alliances with different organisations including civil and private businesses where we can come in and speak to the staff about the opportunities they have to fur ther their education online, said Mr Britt. According to Mr Britt, online education has been available for about ten years with numerous universities across the US embracing it as a beneficial channel for education. He said it is especially advan tageous to employers to have their employees study online as they are able to retain their key workers while their staff improve their skills and knowledge. In todays global community, competition puts an onus on the individual to keep their skills and knowledge as current, timely and up-to-date as possible; you must be a life long learner, said Mr Britt. Kaplan University has a number of wide-ranging degree and certificate programmes in the criminal justice field includ ing associate, bachelor and masters of science in criminal justice programmes. Executive chairman of the Police Staff Association Dwight Smith said he is very excited about the opportunities that Kaplan University provides, especially as the force is moving towards having professional officers. What we are trying to do as a police department, and extending it to the wider community, is to educate to the point that we are able to com pete for top positions, said Mr Smith. He explained that online ser vices allow those who have fulltime jobs or cannot afford uni versity tuition abroad to con tinue their education and obtain degrees. LOCAL NEWS T HE TRIBUNE FRIDAY, MAY 13, 2011, PAGE 3 By CELESTE NIXON Tribune Staff Reporter firstname.lastname@example.org POLICE officials yesterday reported a decline in fatalities and serious injuries due to traffic accidents since the enforcement of the seat belt law. During a press briefing on traffic statistics for the first part of 2011 at the Traffic Division yesterday, Superintendent Carolyn Bowe announced that since the enforcement of the seat belt law traffic fatalities have noticeably decreased. Since 2011, the traffic department has recorded 13 traffic fatalities compared to the 18 last year, and seen a decrease since the enactment of the seat belt law, she said. According to Supt Bowe, since January the department has reported 4,058 fixed penalties ranging from driving on the wrong side of the road, driving without properly working head and break lights, running traffic lights, not obeying traffic signs and tinted windows. The department also conducted 15 road checks. Addressing the many roadwork projects going on throughout New Providence and the frustrations they cause the motoring public, second officer i n-charge of Traffic Dennis Sturrup said that with the current road conditions it is even more important that motorists adhere to road signs. Those diversion signs are put in place not only to ensure the safety of the motorist, but also for pedestrians and workers, he said. Mr Sturrup said the police has and will continue to be forceful in enforcing laws against persons who commit infractions by not following diversion signs. He added that roadworks are important not only for us here at Traffic, but throughout the length and breadth of the Bahamas, therefore we cannot over emphasise the point that wherever a diversion is, no matter how small or inconvenient, w e must ensure that it is adhered to. POLICE are still investigating the cause of Wednesdays fire in the area of Fritz Lane and Strachan's Corner that left two families homeless. According to the head of the polices Fire Services Unit Superintendent Jeffrey Deleveaux, investigators have not yet pinpointed the cause of the blaze. "At this time we don't know exactly," Mr Deleveaux said. He added that only two homes were destroyed in the fire while others in the area received minimal damage. The fire chief said personnel from the Department of Social Services as well as the National Emergency Management Agency (NEMA the displaced families. The fire was the second of two in the capital which taxed firefighters on Wednesday. The first blaze occurred at Sandilands Village Road in the Elizabeth constituency, killing three young children and leaving their four siblings in the Intensive Care Unit in hospital. By NATARIO McKENZIE Tribune Staff Reporter email@example.com ATTORNEYS representing the Judicial and Legal Services Commission and the Attorney General were granted leave yesterday to appeal a ruling on costs over the judicial review application of veteran prosecutor Cheryl Grant-Bethell. Last month, Senior Justice Jon Isaacs ordered the government to pay 90 per cent of the costs incurred by Mrs Grant-Bethell during her application for a judicial review although the application itself was unsuccessful. She had filed an application for a judicial review of the JLSCs decision not to appoint her to the post of Director of Public Prosecutions (DPP Attorney General should receive 20 per cent of his taxed costs from Mrs Grant-Bethell. The judge stated in his ruling yesterday: I have no hesitation in granting both the JLSC and the AG leave to appeal my order as to costs because I think it is desirable for the streams of justice to flow clearly; and it is for the appellate court to determine whether an inferior tribunal has erred or not. It does not inure to the good administration of justice for my decision to stand and if I acted arbitrarily or exercised my decision on irrelevant grounds, the respondents must be allowed to test my decision. He further stated: I do not abdicate my responsibility to act as a sieve nor do I second-guess my decision by enabling the respon dents to appeal. If I am wrong, the Court of Appeal will say so and that is the nature of our justice system. Even if I was to entertain doubts as to the merits of the respondents appeals I should be slow to dismiss their applications. Senior Justice Isaacs noted that attorney Maurice Glinton, who represented Mrs Grant-Bethell, had submitted that the respon dents would have to demonstrate that he, as the judge in this case, made some error going to jurisdiction and they have not shown that in their draft notices of appeal. Thomas Evans, QC, who represented the JLSC and Brian Simms, QC, who represented the Attorney General, argued that the judge is only called upon to determine if the appeals have some chance of success, and that if he found that there was some merit in the grounds laid out in the draft notices of appeals, to grant them leave to move ahead. POLICE INVESTIGATE CAUSE OF FIRE THAT LEFT TWO FAMILIES HOMELESS Decline in traffic fatalities after seatbelt enforcement ATTORNEYS GET LEAVE TO APPEAL GRANT -BETHEL C OS TS RULING DWIGHT SMITH executive chairman of the Police Staff Association (left Tim Clarke /Tribune staff POLICE FORCE FORGES RELATIONSHIP WITH US-B ASED KAPLAN UNIVERSITY Share your news The Tribune wants to hear from people who are making news in their neighbourhoods. Perhaps you are raising funds for a good cause, campaigning for improvements in the area or have won an award. If so, call us on 322-1986 and share your story. SUPERINTENDENT CAROLYN BOWE speaks to members of the media yesterday. Tim Clarke /Tribune staff
EDITOR, The Tribune. I have today received the attached notice of revised parking fees at GrandB ahama International Airp ort raising the charges from $ 144 to $700 per month for l ong-term parking and to $ 30 per night for visitors. T he exorbitant amount that is being charged is way a bove the norm for any airp ort in the world that wants p rivate aircraft parked there. M y interpretation of this n otice is that whoever decide d on the 400 per cent i ncrease in fees had the sole purpose of pricing Freeport out of the private civil aviation market. A small airport like GBIA should be doing just the o pposite to attract all the traffic they can to add to their income and by doing so help to fight the unem ployment situation plaguingt he Island. I cannot believe this move by ASIG was sanctioned bye ither the Bahamian Gov ernment or Grand Bahama Port Authority due to the obvious negative affect for G rand Bahama. T he following are rates for some of the facilities on oth e r islands competing with Grand Bahama (they will be very happy to see the newc harges at GBIA which can only enhance their future business): E xecutive Flight Support Nassau, New Providence $10/night, $200/month O dyssey, Nassau $15/night, $265/month Odyssey, Exuma No P arking Fees C herokee Air Marsh H arbour, Abaco $10/night, $180/month W hite Crown Aviation N orth Eleuthera $10/night, $150/month F reeport Grand B ahama $30/night, $700/month. I n addition, most of the o ther facilities waive their f acility fee when fuel is pur c hased. Maybe it is proposed to make some income fromc harging Overfly Fees for passing through Grand B ahama airspace on the way to another Bahamian airp ort. A side affect of the outrageous new charges driving a ircraft away from Grand Bahama is that volunteers like myself, who for more than 20 years have offered my services to Bahamas AirS ea Rescue Association and h ave successfully found a m ultitude of missing boats a nd aircraft, contributing to s aving many lives, will no longer be able to afford to operate from Grand Bahama. C APT JOHN P M ROBERTS Former aviation managem ent positions: Bahamas Airways D eputy Operations Manager; Bahama World Airlines D irector of Flight Operations; S udan Airways Director of Flight Operations; Saudi Arabian Airlines General Manager; Special Flight Services (RoyalF lights). F reeport, Grand Bahama, A pril 14, 2011. E DITORIAL/LETTERS TO THE EDITOR P AGE 4, FRIDAY, MAY 13, 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 W EBSITE www.tribune242.com updated daily at 2pm N UUK, Greenland The United States, Russia and other nations have agreed to coordinate Arctic search-and-rescue missions, a small step toward international cooperation in a fast-changing frontier threat ened by looming fights over resources and military dominion. U.S. Secretary of State Hillary Rodham Clinton said Thursday's agreement among the eight-nation Arctic Council highlights t he growing importance of the Arctic, where climate change is creating new shipping r outes, fishing grounds and oil and gas drilling opportunities. Russia, which has laid disputed claim to much Arctic territory, participated in the very limited agreement to help stranded fishermen and the like. A warming planet could open up vast amounts of wealth to be exploited, but dram atically alter life as we know it. Over the coming decades, rising sea levels are expecte d to change coastlines and inundate small islands, while altering the habitats of plants and wildlife. Low-lying areas from Bangladesh to Florida could be among the hardest hit. Clinton said the U.S. and the other coun tries would pursue new tourism, shippinga nd industrial avenues "in a smart and sustainable way that preserves the Arctic envi ronment and ecosystems." She said she looked forward to "continued collaboration in the years to come." The United States has said it wants the cooperation pact with Russia, Canada, Norway, Sweden, Finland, Denmark and Iceland to be a template for agreement on morep ressing national security issues. Four years ago, Russia staked its claim to supremacy in the Arctic and to control as much as a quarter of the world's oil and gas reserves. Russia planted a titanium flag on the ocean floor and argued that an underwater ridge connected the country directly to the North Pole. The United States does not recognize the Russian assertion and has itso wn claims, along with Denmark, Norway and Canada. Companies from ExxonMobil Corp. to Royal Dutch Shell plc also want to get in on the action. "The 21st Century will see a fight for resources, and Russia should not be defeat-ed in this fight," the country's ambassador to NATO, Dmitriy Rogozin, is quoted as saying in a classified U.S. diplomatic cable published Thursday by the WikiLeaks website. "NATO has sensed where the wind comes from. It comes from the North." Cables relay the Russian view of a cold peace in the Arctic, where "one cannot exclude that in the future there will be a redistribution of power, up to armed intervention," according to Russian Navy chief A dmiral Vladimir Vysotsky. And they warn of "the potential of increased military threats in the Arctic," citing Russian aircraft carrier activity of Norway's coast. The biennial Arctic Council meeting is tiptoeing around the tougher questions of territorial claims, while looking at ways to lessen the effect of greenhouse gases that are making the Arctic region warm faster than the rest of the world. The countries a lso are pledging to develop a plan to prevent an oil spill in an environment that would m ake cleanup a logistical nightmare. Research points to ice melting faster than expected and global sea levels rising by 2 to 5 feet this century; soot from truck engines, aircraft emissions, forest fires and fossil fuelburning stoves contributing to the thaw; and possibly a 25 per cent jump in mercury emiss ions this decade. These would threaten polar bears, whales, seals and the mainly i ndigenous communities who hunt those animals for food. The United States has yet to ratify the United Nations' 1982 Law of the Sea treaty regulating the ocean's use for military, transportation and mineral extraction purposes. One hundred sixty countries have acceded tot he pact and the Bush and Obama administrations have lent their support, and Clinton on Thursday reiterated its importance. But opposition in the Senate means the U.S. could be frozen out of some of the region's spoils. Other cables released Thursday show the U.S. intensifying its relationship with Denmark's largely autonomous island of Green-l and partly to strengthen the relationship and ward off the Chinese, "who have shown increasing interest in Greenland's natural resources." Greenland is described as "just one big oil strike away" from independence, with U.S. companies poised to share in lucrative deals on the island's west coast, said to rival Alaska's North Slope in oil and gas reserves.D enmark's former foreign minister, mean while, jokingly threatened that U.S. inac tion on Law of the Seas means "the rest of us will have more to carve up in the Arctic." Greenlanders are generally optimistic as the government recently allowed a Scottish company to drill just outside of Nuuk. Yet they see the melting ice hurting the hunt for traditional food sources like reindeer and musk ox, said Gorm Vold, a 33-year-old Greenlandic government worker. A giant post box filled with letters to Santa was behind him in the harbour. "Perhaps Santa Claus will have to move a little further north," Vold joked. (This article was written by Bradley Klapper of the Associated Press) Parking fees at GB International Airport are exorbitant LETTERS firstname.lastname@example.org US, others to cooperate on Arctic rescues EDITOR. The Tribune. It was 5:50pm on Friday on the way home when I had to stop at the light at Montagu. I was in the left lane and a car pulled up on my right side, which I assumed was going to turn right; which is what is supposed to happen, however to my amazement the car sped off cutting in front of me forcing me to the left side of the road. Thankfully the road is a little wide at that point so I was able to avoid an accident. The best part: To my surprise it was a police car, licence no.232507 with a vehicle no.14, with four occupants inside, no lights flashing, no horn blowing, they proceeded to join traffic up to Johnson Road where they turned off. This is a regular occurrence at that juncture, but when the police break the law blatantly then how can we expect any more from the general public? That area is a mess with traffic, but I have never seen police in that area, unless they are on the ramp making a purchase. It would be a delight if the police could put a little effort into this area. Eastern Road resident, BILLY SANDS Nassau, April 16, 2011. EDITOR, The Tribune. Cable Beach Post Office parking lot is it for the public or employees of Sandals? Finally people are complaining about the use of parking lot of the Post Office on Cable Beach by the employees and patrons of Sandals Hotel. Is the Post Master General unable, impotent to enforce the obvious? With crime on the increase persons trying to pick up their mail after dark have to park in unsecured areas away from the Post Office and then walk. Where is the Minister or the MP? Cant someone stop these people parking in this lot? J ELLIOT Nassau, April, 2011. EDITOR, The Tribune. A recent article in The Nassau Guardian FNM MPW ants Land for Squatters, i ndicated that land in Abaco should be made available to the residents of The Mud and Pigeon Pea. Perhaps the MP can answer a few questions. Who owns the land that should be made available? Does the proposal reward illegal behaviour? Is this action justified because some of the squatters are Bahamians? Who will cover the cost of infrastructure and construction of homes? What does he propose for the thousands of Bahamians who chose not to squat on land, but cannot afford to pur chase property for them selves? I must be missing some thing! JEROME R PINDER Nassau, May 10, 2011. L AND F OR SQUATTERS: QUES TIONS FOR MP When police break law how can we expect more from the public? Is post of fice parking lot for the public or Sandals employees? EDITOR, The Tribune. I join with Bruce G Raine in asking the reason for the two black SUVs travelling at break neck speed, chasing every b ody off the road twice a day every day. I n the mornings they speed down Prince Charles Drive on to Fox Hill Road, to Bernard Road, Village Road and Shirley Street. And then in the evenings it is up East Bay Street on to the Eastern Road. T he excuse (reason Good. We know who occupies the buses. However, we dont know who is hiding or is being hidden in the SUVs with the heavily tinted windows, trying to run us off the streets. Perhaps we will find out when God forbid someone is critically injured or killed. ANTHONY CAPRON Nassau, May 11, 2011. What is the r eason for speeding SUVs? EDITOR, The Tribune Re: Prison buses crash sparks investigation. The Tribune, May 6, 2011 THERE is definitely no need for the prison buses and police escorts to drive as if theyre all rushing to KFC. After all, prisoners who wish to abscond seem to know they will have very little difficulty escaping from the police sta tions themselves. Hint to bus drivers: If your buses leave a place of origin a few minutes apart, it will probably decrease the chance of crashing into each other quite significantly. KEN W KNOWLES, MD Nassau, May 8, 2011. A HINT T O BUS DRIVERS
By DENISE MAYCOCK Tribune Freeport R eporter d email@example.com F REEPORT With more than 300 traffic accidents recorded so far this year on Grand Bahama, traffic police here conducted a road check t his week resulting in some 39 persons being ticketed for v arious road offences. Asst Supt Kenwood Tay lor, officer in-charge of the Traffic Division, said police will continue to conduct exercises every week to ensure that persons are adhering to t he road traffic laws. H e reported that some 357 t raffic accidents have been recorded already in 2011. L ast year, a total of 1,121 traffic accidents were recorded on the island. A SP Taylor said the police a re especially concerned about ensuring that persons are wearing seat belts, obey-i ng the traffic lights and signs, and adhering to the speed limits. O f the 39 ticketed offenders, 13 were not wearing seat belts. There was also one a rrest for failing to give a n ame and address. E ven though the seat belt law has been in effect for s ome time, it was only recently enforced in March. ASP Taylor said police will c ontinue to increase police v isibility on the streets. We will be out in full force every week ensuringt hat persons are wearing seat belts and abiding by the laws of the road, he said. A SP Loretta Mackey said i t is extremely important that drivers also ensure that their vehicles are road wort hy. LOCAL NEWS T HE TRIBUNE FRIDAY, MAY 13, 2011, PAGE 5 AN FNM MP is calling on the Government to make the right decisions in helping Bahamians by mak-i ng a large tract of land in Andros available to them at a minimal price. South Abaco MP Edison Key, who serves as the executive chairman of the Bahamas Agricultural and Industrial Corporation (BAIC would like to see the Government e stablish a major new subdivision in N orth Andros built around the craft and agricultural sectors. Creating new viable communities in Andros could be a remedy to the problems of an overpopulated New Providence, he indicated. Speaking at the Andros Business O utlook on Wednesday, Mr Key said the lots in the subdivision could be sold to Bahamians at the cost of putting in the infrastructure. My dream for Government to take 1,000 acres of Andros land, lay i t out in roads, with all the infras tructure, cable, telephones, and only charge for the infrastructure, he said. It has been done before with great success and we can do it again. It will encourage Androsians who want to live and work here, to in factd o so. Referring to what was done in Abaco several years ago, Mr Key explained: We laid out quite a large subdivision there and Government only charged $300 a lot; almost half an a cre each. Look at Crossing Rocks t oday, one of the nicest communities in the Bahamas. Mr Key appealed to the Government and the Androsians to make sure Andros doesnt go back to sleep. It is your time Andros, and we n eed to make that happen. (We ment thinking right and to make the right decisions to make it happen, he said. We have to do whatever we can do bring the Government to the reali sation that Nassau h as outgrown itself and is unable to take this nation to the next level, if only because it has run out of space; all Andros has is space. O FFICERS of the Abaco District have charged a 23-year-old man of Soldier Road, New Providence, in connection with a number of house-breakings on that island. T he suspect was arrested in Abaco on Tuesday by officers of the Central Detective Unit, Abaco. Officers conducted a search of the culprits home and nearb y bushes and found a number of reported stolen items. T he 23-year-old is expected be arraigned on several counts of house-breaking at the Magistrates Court in Abaco. OFFICERS of the Central Detective Unit (CDU publics assistance in locating 27-yearold Tony Smith who is wanted for questioning in connection with an armed robbery. Smiths last known address is Summer Haven in New Providence. He is described as having a medium brown complexion and a medium build. Anyone with information that can lead to the arrest of this suspect is asked to contact the police at 919, 911, 322-3333 or CDU at 502-9991 or 5029910 or Crime Stoppers at 328-TIPS. MP calls for govt to make Andros area available to Bahamians at minimal price MAN WANTED FOR QUESTIONING IN CONNECTION WITH ARMED ROBBERY 39 ticketed asGBpolice conduct road check ARREST IN CONNECTION WITH HOUSE-BREAKINGS SOUTH ABACO MP Edison Key
L OCAL NEWS PAGE 6, FRIDAY, MAY 13, 2011 THE TRIBUNE t t b MINISTRY of Tourism and Aviations People to People Units new, themed tea parties have become a sensation for visitors, attracting h undreds of guests for the year already. The monthly tea parties at Government House have received special themes since January. Initially, the major islands of the Bahamas had been the focus of the events, but People to People staff members have also included more creative themes that have captured the interests o f visitors. Our island themes gave us the opportunity t o educate our visitors on the major islands and island groups of the Bahamas, said Bernadette Bastian, who heads People to People. We have been able to find exciting ways to inform our guests about the nature tourism opportunities of Grand Bahama, the Androsia p roduct of Andros, and other points of interest. Through all of this, they are seeing that each island is different, and has something unique to offer guests. Ms Bastian said the last tea party coincided w ith the wedding of Prince William to Catherine Middleton, which allowed for a Royal Wedding theme. The occasion attracted more than 100 visitors from North America and Europe. Peter Young, British Honorary Consul, who was one of the special guests at the tea party, pointed out that there was great interest in the wedding. He said he was surprised by how intere sted Americans were in the wedding. If you watched CNN, you would see that t hey had covered this for a couple weeks ahead of time, almost wall to wall, he said. Ms Bastian said the People to People unit recently also conducted a special tea party for guests from a large, private group from Mexico Enzacta International. She said the next project is a special tea party for COPA Airlines, the P anama affiliate of Continental Airlines, in June. By GENA GIBBS E LEUTHERA The G overnments National Energy Policy is the Bahamas response to the universal phenomenon of climate change and ocean expansion. Thee pic event threatens to swallow 80 per cent of the lowlying Family Islands, after only a two-degree rise in average global temperature. On May 5, the National Energy Policy was launcheda s a national response to r educing the Bahamas dependency on fossil fuels. This is not just a light bulb programme, where we are trying to reduce the amount o f diesel that BEC burns. This is in fact a matter of life and death for Bahamianso ver the next 50 years. Do not just look at it as a simple way to reduce your light bill.I ts a way of saving the Bahamas, said Phenton Neymour, Minister of State in the M inistry of the Environment. S peaking to Eleutherans about the energy policy this week, Mr Neymour said: lot of you here have heard about the debate of climate change around the world. M ost of the industrialised c ountries use a lot of coal, a lot of diesel, and the green house gas effect is creating a r ise in the temperature of the Earth thats causing the melting of ice and the expansion o f the sea. Now they estimate that just a two degree rise in temperature, two degrees Celsius, i s going to cause the sea level to rise about 10 feet. When one looks at the entire Bahamas, one look just out t here, imagine that sea being up 10 feet. Well, its recognised that a 10 feet rise in ours ea level will result in about 80 per cent of the Bahamas being covered by water. In o ther words, the vast majorit y of the Bahamas will be gone. It appears the energy conservation initiative, called 30/30 by 2030, is also proving to be an international m odel for reducing fossil fuel d ependency regionally. Gov ernment is leading the way at h ome and abroad on how to manage savings by changinge nergy-saving habits and b ehaviour, Mr Neymour said. This programme that we h ave begun, to some it is viewed as a light bulb prog ramme, but thats not what i t's about. This programme really is rooted in the protect ion of our environment. When one looks at the consumption of energy, 99 per cent of the energy that is derived in the Bahamas isd erived using petroleum products, using gas or diesel. W hen one looks at burning g asoline, diesel, and coal, there are greenhouse gases that are emitted, he said. We sat down and began the process of putting together a National Energy Policy because we had to look for t he future. That National E nergy Policy was initiated. We had a group of about 30 Bahamians together and we began to formulate where the B ahamas should go. And we put together an excellent prog ramme in which we received e xcellent remarks from the United States government a nd I got a nice compliment from the Swiss Ambassadort his morning, who recognised t hat the Bahamas is well on its way to reducing the a mount of petroleum, we are using now. M r Neymour explained to E leutherans that the National Energy Policy is a complex s olution, responding to the scientific facts supporting the eminent national, social, cultural, and economic extinction of Bahamians over then ext 50 years. Thats why I encourage all B ahamians to be ambass adors to the fact that we around the world need to reduce the amount of gaso l ine, diesel, and coal that we burn because, we, the Bahamas, (will exist, he said. NATIONAL ENERGY POLICY IS BAHAMAS RESPONSE TO GLOBAL CLIMATE CHANGE' CENTRAL ELEUTHERANS sit on the oceanfront of the Governors Harbour Government Complex. T HE ROYAL WEDDING T ea Party drew a full house. B AHAMAS VISITORS FIND TIME FOR TEA
A IRPORT Improvement M agazine, a publication focused exclusively on airport construction, features the new US Departures Terminal at Lynden Pindling International Airport (LPIA M ay/June issue. T he cover story on the 247,000 sq ft state-of-the-art terminal includes interviews from Stewart Steeves, president and CEO at Nassau Airport Development C ompany (NAD n is Smith, principal at Stantec Consulting International, chief project architects. The article highlights the eco-friendly aspects of the project and the focus on creating a sense of place in the o verall terminal design. A irport Improvements editorial team contacted NAD officials shortly after the terminal opened in March to produce an in-depth article on stage one of the $409.5 millionr edevelopment project. Magaz ine publisher Paul Bowers explained the decision to feature LPIA on the cover. In part it was because of the extensive work that was done. There was so much great i nformation about the archit ecture, artwork, new baggage and parking systems, and more, said Mr Bowers. We were also interested because of the ownership model used, and last, but not least, because it is Nassau. Its so beautiful a nd we wanted something for t he magazines cover that w ould draw our readers attention. The business-to-business publication is read by more than 5,900 airport operators, consultants and suppliers.A ccording to the magazines w ebsite, the publication selects the best, most innovative projects for coverage. W ork on stage two, cons truction of a new International Arrivals Terminal and Pier, is currently underway at LPIA and will be completed in the Fall of 2012. Stage three, construction of a n ew Domestic/International D epartures and new Domestic Arrivals Terminal, will open in the Fall of 2013. LOCAL NEWS T HE TRIBUNE FRIDAY, MAY 13, 2011, PAGE 7 B y DENISE MAYCOCK T ribune Freeport Reporter firstname.lastname@example.org F REEPORT IN an effort to increase the number of skilled Bahamians worki ng at the Grand Bahama Shipyard, the C lear Blue Maritime Agency has started t he process of recruiting new young cand idates for training for various positions at the facility. The company, in conjunction with the shipyard, provides training in scaffolding, paint blasting and rigging. K eith Cooper, public relations and marketing officer at Clear Blue, said the c ompany is looking for young men and women who are interested in working at the shipyard and training for a semiskilled and/or skilled position. One of the things we will be doing in t his regard is making a concerted effort to go to schools in the west Grand Bahama area, Freeport, and East End to recruity oung people. What we are trying to do is enlighten the community of the opportunities avail a ble and we are delighted that the shipy ard has taken this initiative to put Bahamians to work, Mr Cooper said. He said large numbers of expatriates f rom various countries work at the shipyard, but the goal is to bring in more Bahamians to fill positions on a perma-n ent and seasonal basis. T roy Garvey, manager of Clear Blue, said the company has reached its oneyear milestone and is encouraging young people to take advantage of the training and job opportunities at the shipyard. We have been instrumental in gett ing Bahamians scaffolders into the shipyard last year and we are on our way to newer heights as we are now in a position to cross-train persons to be paint blasters sand riggers, he said. Mr Cooper reported that Clear Blue g raduated some 33 Bahamians last year t hrough the programme. We are beginning to recruit new young people to come to the programmef or the next training class that we have scheduled for later this summer, he said. Recruits, he said, are put through a s eries of tests initially. Once they are a ssessed, they are enrolled in a safety programme for a few weeks in the classroom. T hey are then put in a live environment for a hands-on demonstration and participation of how scaffolds are prop-e rly built and secured safely so there are n o accidents. Mr Cooper said last years scaffold graduates were also certified through the US Occupational Safety and Health Administration which qualifies them to work as scaffolders anywhere in thew orld. This is a real benefit to the shipyard and to Bahamians, he said. Mr Cooper said persons interested in these opportunities can come to the office situated in the Expert Customs B rokerage Building on West Settlers W ay to fill out an application. Mr Garvey said Clear Blue is commit ted to putting Bahamians first and e mpowering young people through training so they can become certified for positions at the shipyard. NEW LPIATERMINAL IS AIRPORT CONSTRUCTION MAGAZINE COVER STORY New young candidates to be recruited for training at Grand Bahama Shipyard T HE NEW US TERMINAL a t LPIA has a starring role in Airport Improvement Magazine.
change in the political scene. These persons, Mr McCartney said, will try to ridicule and discredit him. However, he reminded the public that similar words were said by the UBP to the Bahami-an people leading up to the 1967 elections. Well we all know that for the people who were segregated and being socially and eco-n omically oppressed, there was no better time for change. Change came and 25 years later, in 1992, Mr. Pindling said the same thing to the Bahamian people that the time was notr ight for an Ingraham led government. But the people felt that it was, and they voted for change. Change came and the country moved forward. Now in 2011, people will try to convince you, persuade you plead with you that this is not the right time for the DNA. From now until the day when voters march into the voting booth, there may be some crying that the vision of the Democratic National Alliance is not well-timed. The detractor to change will do this because they recognise that the DNA is fast becoming the peoples choice for the next government of the Bahamas, he said. Mr McCartney challenged the public to redefine what is possible in the Bahamas. And in the very near future maybe even as soon as tomorrow when they tell you that McCartney is too young, too inexperienced, and too out of his time to lead you to a brighter future; that it is impossible for anyone other than The Progressive Liberal Party or The Free National Movement to win, you must be the generation that says, like America, who against all odds elected its first Black president; like Trinidad, with its first woman Prime Minister; and even like Haiti, electing underdog musician Michel Martelly as president, nothing is impossible. We must be the generation that fights for change and to truly redefine what is possible. Together, we you and me must be that generation that changes the course of Bahami an history by redefining the p ossible, he said. Reminding those in attendance a capacity crowd of more than 600 persons and the public listening and viewing by radio and television that this upcoming election is for their children and their childrens children, Mr McCartneys aid that they should remember Albert Einsteins observation that doing the same thing over and over again and expecting different results amounts to insanity. For the sake of our children, and their children, we must decide whether we want change or more of the same. W e can no longer ignore the handwriting on the wall. The time for change is now. If that change does not begin with us, then who will it begin with? If it d oes not begin now, then when? I am happy to have joined you tonight in what will be etched in the history books as one of the greatest demonstrations of deepening democracy, of courage, and of change in our country. And what I wish toe mphasise most, is that this historical event would not be possible without youyour support and your belief in our dream to create a Bahamas where future generations will look back and understand and appreciate the stance that we have taken and enjoy the fruits of our labour. On behalf of my absolutely fabulous wife, Lisa, and my children, I wish to thank you for this opportunity to serve, he said. scribed for her seizures, and two weeks after she was diagnosed in Nassau, she had to be airlifted to the Florida hospital as lesions covered 60 per cent of her skin. At the time, her mother, Ter r y Deveaux, described how Ravyn was a bubbly, cheerful girl who was fun to be around, and as the disease developed from stomach-aches, to watery eyes, before her skin started to peel, she remained in high spir its. She never once comp lained, Mrs Deveaux said. She gives me strength. Mrs Deveaux and her husband Louis, 48, stayed at her bedside in the Intensive Care Unit as Ravyns bandages were changed every hour. Sometimes myself or Terry would lay in the bed to com-f ort her, Mr Deveaux said. She was on medication every two or three hours, and they were consistently doing swabs and cultures. Most people dont survive, especially with the degree of skin loss that she had. StevensJohnson Syndrome a ttacks the eyes as well as the skin. Ravyn has lost her sight in both eyes as a result of the disease. She had two cornea operations on her right eye while in hospital, and is awaiting a cornea transplant in her left eye. As her skin healed, she was able to leave the hospital, and return to her home in Malcolm Road, Nassau, in February. However, soon after her return, her mother was diag nosed with breast cancer. Mrs Deveaux received her first round of chemotherapy treatment in March but died on April 4. She was buried on what would have been her 48th birthday. Her husband said he is now living one day at a time, and is focused on caring for the youngest of his six children, including Ravyn, who he takes to Florida for follow-up treatments every month. The bright third grader at Kingsway Academy still requires skin treatments and eye treatments at the Bascom Palmer Eye Institute in Florida where specialists are helping her to restore the health of her eyes. Mr Deveaux said her treatment will continue for another year, and he hopes as she recovers fully, his daughters eyesight will return. Her skin is now almost fully healed, but for a patch of discolouration, he said. Despite her challenges, Ravyn has remained in remark ably good spirits, and is looking forward to tomorrows fundraiser. He hopes she will meet another survivor of StevensJohnson Syndrome who he has invited to speak at the event, as she lost nearly 100 per cent of her skin before recovering from the disease. Mr Deveaux also hopes to raise awareness of SJS as in Ravyns case there was no way it could have been predicted or prevented, but the drugs she needed to slow progression of the disease were not available in the country, and therefore her late diagnosis and lack of access to medication worsened her condition. Her parents searched for hospitals across South America and the United States where Ravyn could be treated, and finally had no choice but to have her airlifted to Florida at an enormous expense. So far the cost of Ravyns treatment has exceeded $1 million, and he is concerned another child with similar problems may not be able to afford treatm ent. Therefore he wants to establish a foundation that could help them. The Ravyn Deveaux Steak Out and Fair is the first fundraiser for the family and will be held on the fairground at Arawak Cay, West Bay Street, from 12-6pm tomorrow. Tickets are $10 and available from several locations in Nassau, including Deveaux Trucking on the corner of Market Street and Palm Tree Avenue. The full list of ticket purchase locations is on the Facebook event page for The Ravyn Deveaux Mini Fair & Steak Out (www.facebook.com Around 5,000 tickets have already been sold and the family are also seeking donations of chicken, steak, and funding for catering. To make a donation call Mr Deveaux at Deveaux Trucking on 323-8844, or 456-1292. L OCAL NEWS PAGE 8, FRIDAY, MAY 13, 2011 THE TRIBUNE Bahamians on what has been going on in the Exuma Land and Sea Park, she said. Mrs Bain has contacted a lawyer for her husband. She claims officers had informed her that Environment Minister Earl Deveaux had brought charges against Bain. When The Tribune contacted Police at Farmers Cay yesterday to inquire about Bains arrest, an officer identified as Constable Rolle confirmed he had been arrested by CDU officers and was en route by boat to the Police Station at George Town, Exuma. When asked the nature of his arrest, Constable Rolle said he could not disclose the reasons for Bains arrest. He directed The Tribune to speak with police at George Town. However, when The Tribune contacted the George Town Police Station, an officer said they did not know the reason for Bains arrest and were still awaiting the arrival of the arresting officers and Bain from Farmers Cay. Bain, an Exuma environmental activist, has called for develop ment in all national parks to be banned. He has criticised the Bahamas National Trust for not opposing dredging and excavation at Bell Island in the Exuma Cays Land and Sea Park. Protesters are outraged at the granting of permission to dredge and excavate more than 13 acres of land and seabed around Bell Island in the Exuma park. FROM page one S TEP SPOKESMAN TERR Y B AIN ARRESTED FUNDRAISER FOR BEREAVED GIRL F ROM page one RAVYN DEVEAUX FROM page one DNAunveils first election candidates DNALEADER Branville McCartney speaks last night.
LOCAL NEWS T HE TRIBUNE FRIDAY, MAY 13, 2011, PAGE 15 8Semi-Finalists:AlladellFarrington CharmaineMiller LesleyPinder DeloresSukie VernellBrennen AnitaDillet PatriciaIsaacs AnitaCollie-PrattCome cheer on MOM and nd out who will be our lucky three!1 0 : 0 0 a mSaturday,May14th,2011at284BayStreet scious but in stable condition l ast night. Meanwhile, investigators suspect an electrical shortage starte d the fire. Dr Duane Sands, a consultant surgeon at PMH and former c hief of surgery, told T he Tribune yesterday: "The four children remain quite ill, they are a ll in the intensive care unit, suffering primarily from the smoke i nhalation injuries. At least one of the kids has burns, the primary challenge is the smoke i nhalation that they have all suffered." The senator explained that s moke inhalation is a serious injury that can have devastating long-term effects. There's direct injury to the airway that causes swelling and d ifficulty breathing ... but the m ore serious problem from smoke inhalation is the toxic e ffect of the products of comb ustion and the damage to the lungs. There's carbon monoxide a nd other poisons that are r eleased that can damage not only the lungs but have adverse a ffects on the entire body," said D r Sands, who was on the scene a t Wednesday's fire. Their father, who neighbours said was a self-employed electronics repairman, was still assisting police with their investigation up to press time. Neighbours who spoke to The Tribune were adamant that the c hildren's father, identified as Fritz, was a doting parent who never left his children alone. S ome concerned neighbours said the brood was left in the care of another adult while the father s tepped away from the home. "Everywhere he goes he carry them on his truck," said neighb our Delaree Simms, as friends carted debris and salvaged clothes out of the destroyed h ome. "Every morning he get them ready and carry them to school. L andlord Patricia Morely, who rented the two-bedroom apartment to the family for the last n ine years, said: "They were quiet, beautiful, mannerly all the good things you could say about t hem. You hardly see those children. He would take them to school, home and keep them in the house. He loved those kids." Yesterday Assistant Commissioner Glenn Miller said police were trying to track down the person who was said to be w atching the children. "We are trying to find someone who they were said to be l eft with," ACP Miller said. Neighbours said for some time he raised the seven children w ho had two different mothers by himself. One of the mothers was r eportedly deported to Haiti a few years ago while the other is said to have left the country for N orth America. Yesterday head of police fire services Superintendent Jeffrey D eleveaux said the fire was most likely caused by an electrical shortage. We are looking at all indications that it was an electrical fire, the investigating officer has c ome across evidence of an electrical shortage however we have n ot yet pinned it down," said Mr Deleveaux. "We're looking at a computer t hat was on a table in the front room," he said, when asked what was believed to be the spec ific cause of the blaze. The fire broke out around 3.40 pm Wednesday and soon e ngulfed the lower portion of the two story apartment complex where the family lived. N eighbours who saw the huge flames and heard the children's s creams banded together in a fruitless effort to rescue the group. F irefighters arrived on scene a short time later, extinguished the blaze and found the seven child ren in an "unresponsive state" in an eastern bedroom of the apartment. T he ages and identities of the dead children have not been released by police, who are a waiting a positive identification. custody was brought in by his attorney about two weeks after the incident is alleged to have occurred. Dr Sandra Patterson described how abusive partners are using an incident in which images of murder victim Nellie Mae Brown-Cox were circulated on the Internet as a way of threatening their partners. We have become increasingly disturbed by the women who call our hotline and report of partners who threaten them that they will be chopped up like the Internet picture if theydo not do as they are told or think of leaving them, said Dr Patterson at a Crisis Centre press conference. The memory of Ms BrownCox is being used by batterers to instil fear in their partners, said Dr Patterson, noting the trend is unsurprising. Over the years I have been doing this work, whenever any thing horrendous happens to a woman in an intimate relationship, that incident is used by other batterers as a threat. I am well aware of women whose partners will drive them out west and say, look I am out here, you are out here and no one will ever know where you are: Remember that lady who disappeared? So it is fear and intimidation, said Dr Patterson. The Crisis Centre and its partners have been on the offensive, spreading the message about building healthy relationships, and educating the public through school initiatives and public forums on red flag behaviour in toxic relation ships. Donna Nicolls, a Crisis Cen tre counsellor, said: Some of the red flags include any form of physical violence; posses siveness, when someone feels they have ownership of the other person and wants to dictate where you go, what you wear and who you speak to. Anyone who uses the language of isola tion, like you do not need any body but me. That is usually connected with someone who is uncomfortable around your family and friends. Another red flag is a person who disregards the personal boundaries that you set; or one who uses demeaning and negative talk about you. Domestic violence is sup ported by a culture of silence and isolation, said Dr Patterson. This creates very real prob lems for victims, who are faced with the most dangerous time at the final stage when they want to leave the relationship.Dr Patterson said friends and family should be sensitive to the fact that it is not a simple decision to leave. An exit has to be planned to minimise the risks. Our call today is to those of you who find yourselves in toxic relationships, in a relationship where you are threatened with harm, and where you feel like you are walking on eggshells, that there is help, that you need not live in fear, said Dr Patterson. There is similar ly help for partners who demonstrate abusive behaviours. We must not sit back and watch this cycle of abuse continue and senseless murders take place. Domestic violence is a preventable crime. It does not have to continue, she said. The Crisis Centre called on churches to name toxic behaviour from the pulpit, as behav-i our that is unacceptable and unchristian, in order to under mine the number of Christians using the Bible to sustain domestic violence. Of people who seek profes sional help from pastors, she said: Hopefully it is a pastor who is educated about domesticv iolence and not a pastor who says, oh well you need to do better; are you obedient enough; are you doing all you can around the house. Hopefully it will be a pastor who understands the whole issue and can advise you accordingly. S peaking about known per petrators in the community, Dr Patterson said it was the responsibility of the judicial sys tem to hold abusers account able. However, she said: In some countries what they do is they go to the house the next morni ng with their pots and pans and bang outside the house to let the perpetrator know that they know what he is doing. There are not enough structures in the community to shame batterers. It is not a negative thing to hit, unfortunately. ABUSIVE MEN USING MURDER IMAGES TO THREATEN PARTNERS FROM page one F ROM page one CHILDREN WHO SURVIVED FIRE STILL IN INTENSIVE CARE A PHOTO OF THREE o f the oldest children who were caught in a deadly home fire on Sandilands Village Road. A JUVENILE was shot in the feet in a drive-by shooting in Nassau Village on Wednes day. The incident occurred around 9.25pm. According to police reports, a juvenile male was standing on the steps of the Castaway Restaurant when a white, heavily tinted Nissan Maxima occu pied by some person/s unknown pulled up in front of him. It is reported that the cul prit/s fired gunshots at the victim, injuring his feet. The young man was taken to hospital by emergency medical personnel where he is detained in stable condition. Police are appealing to per sons with information that can lead to the arrest of the sus pect/s to contact the police at 919, 911, 322-3333 or the Central Detective Unit at 502-9991, 502-9910 or Crime Stoppers at 328-TIPS. POLICE are investigating an armed robbery which occurred in the parking lot of Imperials Takeaway, Carmichael Road, yesterday. According to police, the armed robbery happened around 1am. Initial reports indicate that a 30-year-old man was in the parking lot when he was approached by a masked man armed with a handgun. The culprit robbed the vic tim of an undetermined amount of cash, jewellery and his black Mercedes Benz, and fled the area south on Iguana Way, off Carmichael Road. JUVENILE SHOT
SECTIONB email@example.com FRIDAY, MAY 13, 2011 THETRIBUNE $4. 68 $4. 51 $4. 69The information contained is from a third party and The Tribune can not be held responsible for errors and/or omission from the daily report.$ $5.69 $5.62 $5.65 By NEIL HARTNELL Tribune Business Editor The two unions representing the Bahamas Telecommunications Companys (BTC been slammed for launching a vexatious, scandalous and frivolous legal action in a bid to block the recently-concluded sale of a 51 per cent majority stake in the telecoms carrier to Cable & Wireless Communications (CWC Detailing its reasons for dismissing the joint appeal launched by the Bahamas Communications and Public Officers Union (BCPOU Communications and Public Managers Union (BPMU Appeal backed Supreme Court Justice Neville Adderleys finding that the two unions did not have any standing to bring the action, describing it as clearly smacking of an abuse of process. This was an exceptional case in which the unions sought to set themselves up as the unsolicited and gra tuitous champions of BaTelCo, who they ironically sued as well, the Court of Appeal ruled. In truth, the court finds that the unions had no rea sonable cause of action and, further, that their writ as indorsed was vexatious, scandalous and frivolous. To have allowed it to proceed would have been an abuse of the process of the court. And the court added: VEXATIOUS, SCANDALOUS AND FRIVOLOUS: COURT SLAMS BTC STAFF UNIONS UNION LEADERS: BCPOU leader Bernard Evans with William Carroll of the BCPOU in the House o f Assembly in this file photo. JULIAN FRANCIS SEE page 5B By NEIL HARTNELL Tribune Business Editor I nterconnection negotiations between the B ahamas two main telec oms carriers appear to be i ncreasingly fraught, as the Bahamas Telecommunications Company (BTC t erday hit back at rival C able Bahamas for com p laining to sector regulators that it was delaying reaching an agreement. Instead, BTC alleged it was Cable Bahamas who was preventing the two parties reaching an agreem ent vital to stimulating competition in this nations fixed-line voice services m arket. T he newly-privatised c arrier claimed its BISXlisted rival was a no-showa t a scheduled February 1 8, 2011, meeting to discuss the issue. It also alleged that despite writing to its even times between January 11 and March 22, 2011, to discover what intercon nection services Cable BTC blasts Cable over regulatory complaint Interconnect talks becoming increasingly fraught SEE page 4B By ALISON LOWE Business Reporter a firstname.lastname@example.org Electricity prices in March 2011 were 26 per cent highe r year-over-year than in the same month in 2010, the B ahamas Electricity Corporations (BEC t old Tribune Business. Electricity costs rise some 26% Fuel surcharge for March 2011 almost double same month in previous year, and up 21.6% monthover-month M ICHAEL MOSS SEE page 4B B y ALISON LOWE B usiness Reporter email@example.com Having invested $700,000 and h ired close to 40 staff, Nassaus only crab house has opened its door on Collins Avenue. O wner Daniel Ferguson, a chart ered accountant and former president of the Bahamas Institute of Chartered Accountants (BICA owner of Copymax, which is located $700k investment gets Crab House its claws B IG I NVESTMENT: T he Crab House located on Collins Avenue F e l i p M a j o r / T r i b u n e s t a f f SEE page 2B By ALISON LOWE Business Reporter firstname.lastname@example.org Major oil companies are in talks with the Bahamas Petro l eum Company (BPC potentially coming in to this nation to drill for the largeq uantities of oil the company believes lie inside the mar itime borders, according to the companys chief execu tive. Dr Paul Crevello made this statement on Wednesday dur ing a presentation at the Andros Business Outlook, in which he pushed the case for oil drilling in the Bahamas, telling attendees the country needs to be given the chance to move into its next phase of growth. He said the potential revenue stream to the Government from even a modest discovery could be in the order of $2-$3 million a day or $250-500 million a year for as much as 15 years. This could spur develop ment not only in Nassau but in the other islands, such as Andros. But we will never know the potential unless we Fir m in talks with oil majors SEE page 5B By NEIL HARTNELL Tribune Business Editor More than one-quarter of the roughly $1 billion lent to Bahamian businesses by commercial banks is in default, Tribune Business was told yesterday, a situation that was very troublesome and likely to persist for another 12-18 months. Speaking to the industry as a whole, not his institution, Paul McWeeney, Bank of the Bahamas Internationals managing director, said that while there were signs that the loan arrears situation was stabilsing, as evidenced by the $7 million reduction in total bad loans to $1.14 billion during the 2011 first quarter, the focus now had to be placed upon the sectors business credit portfolio. Its stabilised, Mr McWeeney said of the overall, situation, but theres one area thats still very troublesome for us, the commercial loans sector. If you isolate that, its still troublesome. Commercial loans are still up. Total delinquency is in the 25 per cent-plus range, and for Business credit: 25% in arrears n Bank loans to private sector very troublesome, with around 18% of total business loans non-performing n Situation to persist for 12-18 months, and shows how many Bahamian firms suffering SEE page 3B
By NEIL HARTNELL Tribune Business Editor T he Central Bank of the B ahamas has effectively said that only a concerted medium to long-term effort by the Government, on both t he revenue and spending f ronts, will significantly improve the fiscal deficit and national debt situations, despite a 25.2 per cent r eduction in the former to end-March 2011. Although the fiscal deficit f or the first nine months of the 2010-2011 fiscal year was d own by $63.9 million at $ 189.9 million, the Central Banks latest monthly eco nomic and financial devel opment report for March showed the improvement was driven by [the] nearly two-fold rise in non-import Stamp duties to $202.4 million which resulted from the $1.7 billion Bahamas Oil Refining Company (BORCO) sale. The $230 million gross proceeds from the sale of a majority 51 per cent stake in the Bahamas Telecom munications Company (BTC deficit, would likely almost if not actually eliminate it for this fiscal year. Still, in dry, neutral language, given that it is a semiautonomous public agency that does not seek to offend the Government unneces sarily, the Central Bank said the deficit improvement this year was the result of oneoff revenue inflows, and warned that much more needed to be done to set the public finances back on the correct path. It said: In the fiscal sector, revenues from a number of one-time tax-related transactions are projected to favourably impact the Governments deficit over the current fiscal year, with receipts from the sale of its 51 per cent interest in the Bahamas Telecommunica tions Company (BTC viding the bulk of the financing. However, prospects for a significant improvement in the deficit and national debt over the medium to long-term will depend sig nificantly on the rate of growth in the domestic economy, as well as the effectiveness of governments measures to enhance rev enues and restrain the growth in expenditures. Breaking down the fiscal performance for the first nine months of 2010-2011, the Central Bank said the Governments total revenues buoyed by the BOR CO sale, plus some $40 million-plus received from Baha Mar rose by 8.1 per cent or $77.2 million yearover-year to $1.028 billion. Revenues Tax revenues were up 18.9 per cent or $149 million as a result of the roughly $120 million in one-off inflows received from these transactions, but the figures indicate that without these government revenues would have been less than in the 2009-2010 fiscal year, again exposing the recurrent rev enue weakness. Non-tax earnings also fell by 43.9 per cent or $71.8 mil lion for the nine months to end-March 31, due to a 77.5 per cent ($76.5 million fall-off in income from mis cellaneous sources to trend levels, following an extraordinary inflow in the prior period. The Central Bank added: Total outlays rose by 1.1 per cent ($13.3 million $1.218 billion, owing primarily to a 3.4 per cent ($34.3 million current expenditure, resulting mainly from an 18.5 per cent $33 million) hike in purchases of goods and ser vices. Capital spending also rose by 14.3 per cent ($16.3 million, buoyed by an almost three-fold ($14.5 million) increase in asset acquisitions mainly land purchases combined with a 2.8 per cent ($3 million spending for infrastructure projects. In contrast, net lending contracted by 50 per cent to $37.3 million. Assessing the wider econ omy, the Central Bank said that whole foreign direct investment and construction activities related to public sector infrastructure projects had helped to create stability, tourism output softened in March. Hotel revenues for a sample of New Providence and Paradise Island properties were down 4.1 per cent yearover-year for the 2011 first quarter, although this varied significantly between resorts. Average daily room rates fell 3 per cent to $252.71, while there was a 0.9 percentage point fall in average room occupancy to 66.3 per cent. And, without a broadbased economic improve ment, the Central Bank said domestic demand remained anemic and the unemployment rate relatively high. Still, the Central Bank said the Bahamian econo my would produce a mod erate firming in real GDP growth in 2011, generated by improvements in both tourism and the construc tion industry. B USINESS PAGE 2B, FRIDAY, MAY 13, 2011 THE TRIBUNE 1$7,9(/&+)25$/( *HWUHDG\IRU+XUULFDQHHDVRQ+DYH < RXU 7UHHVULPPHG%HIRUbII$OO/$176:LQFKHVWHUWUHHW%HWZHHQ 6HDUVRDGt+DZNLQV+LOO By SIMON COOPER R es Socius N obody is pretending that we are having the best busin ess year in the Bahamas. Many businesses are still under strain, and every week a few close. But new businesses also open up everyw eek, too, and some are positively flourishing. I decided to go walkabout and find out w hy. The successful businesses I visited had clear visions of where they were going, and b usiness plans that translated t hese into maps to follow to the future. I dont believe that plans and visions are just the stuff that graduates learn in b usiness school. I think that e ven the smallest business e nterprise needs these, too. N othing fancy, though. Just a statement of intent and a plan for the next 12 months. Business plans need to translate into short-term strategies and marketing goalst o get out there and sell. A p rofessor at business school (who was also a top marketing consultant) once told me that some of the best market ing plans he ever saw were w ritten up in diaries. It s eemed too simple then. Now I am older, I believe. These things are alive and well in the Bahamas. I have seen them here. No man is an island. I think I mentioned this before. S ome of the most successful people in the world rely ont he support of an unders tanding partner and a circle of caring friends. I, for one, could not do without mine. F inancial plans and budgets are equally important. More businesses go down due to cash flow than anything else, and that includes some cata c lysmic crashes. Richard Branson discovered this the hard way in his youth. Even the humblest fishermen know they need reserves. Our employees are almost as important as our f riends and partners. We are t ied together in a single fate. O n my walkabout I found businesses with bosses talking to their employees everywhere, and who also seemed to be their friends. Hiring ther ight staff and empowering them is a sine qua non of econ omic success, and we can do little without them. Use this power, and they will help tide you over low times, too. But there is something else that I did not mention yet. It is the powerful inner-s elf of every successful person. I am not just talking about self-confidence, though. I am also talking about the power to recognise when it is you, yourself, who is the obstacle to progress, and the personal strength you need to smash personal barriers and move forward. I have foundt hat when I do this, the clogs un-jam and I move forward. Is there something in this for the Bahamas? Are we perhaps our own worst enem y? Is it not true that, sometimes, the stubborn island s treak that brought us this far h olds us back. Perhaps our nation needs inner strength t o unblock our collective rive r, too, so that the waters of g rowth and progress may b egin to flow again. This is a responsibility we all share. NB: Res Socius was founde d by Simon Cooper in 2009, a nd is a business brokerage a uthorised by the Bahamas Investment Authority. He has extensive private and publicS ME experience, and was for merly chief executive of a publicly traded investment company. He was awarded an M BA with distinction by Live rpool University in 2005. C ontact him on 636-8831 or write to email@example.com. Overcoming all the barriers to progress S IMON COOPER Concerted fiscal action called for by Central Bank Says combination of government revenue/spending measures needed for significant improvement in debt and deficit One-off inflows cut deficit for 2010-2011s first nine months by 25% to $190m in the same building, said the response to the Crab House and Seafood Emporium so far has exceeded his expectations. A lso offering seafood dishes and, in a non-traditional t wist which seeks to capitalise on Nassaus recent craze for t he Japanese, a sushi bar, Mr Ferguson said he is keen to make sure the restaurants initial popularity does not amount to a honeymoon period. Commenting on the idea behind the investment, the accountant and businessman said: There arent any crabh ouses in the Bahamas and Ive always wondered why. I said what I would do is I would go into that venture b ecause a lot of people I talked to, when I did a survey, loved t he idea. But I also thought that if I just had crabs youd have people who are allergic to shellfish, so let me couple it with seafood. Then I said since I am having seafood, one of myf avourite things is sushi, so I would stick in a little sushi bar. Eye-catching The eye-catching yellow and maroon-coloured restaur ant on Collins Avenue and Sixth Terrace took about six m onths to set up. Mr Ferguson came to the decision to invest after unsuccessfully attempting to rent the space during the economic downturn. People werent able to sustain the rent, so I thought why not do something with it myself, he said. With the launch of the Crab House and Seafood Empor ium, the business will not only stimulate Bahamian employment but also spur demand for cottage industries in Famil y Islands such as Andros and Long Island, as it offers both imported Alaskan crabs and Bahamian crab-based dishes. We are getting seafood and crabs from them (Long I sland and Andros) on a regular basis. We just got 30 dozen crabs from a lady in Long Island. We will be a place where t hey can sell to consistently, and its not like its something they have to pay for they can just go out and catch them, said Mr Ferguson. U pstairs, the Crab House and Seafood Emporium offers a lounge area and meeting rooms, and is expecting to take o n additional staff over the coming months. $700k investment gets Crab House its claws FROM page 1B
By ALISON LOWE Business Reporter firstname.lastname@example.org A ndrosians received 82 per cent of the amount they contributed to the NationalI nsurance Board (NIB in the form of benefits in 2010, its director said. Addressing the Andros B usiness Outlook 2011 on Wednesday, Algernon Cargill noted that in 2010 Androsians paid $1.107 mil l ion in contributions to the NIB and received $908,141 in benefits. T hese included $171,514 i n short-term benefits, $132,526 in unemployment benefits, $592,826 in long-t erm benefits and $11,275 in i ndustrial benefits. Overall, the NIB collected more than $165 million in contributions and paid out about $160 million in bene fits in 2010 Bahamas-wide. Mr Cargill described 2010 as a a year of great dynamism at NIB, in which investment income exceeded $70 million. Reserves at NIB now stand at $1.6 billion, said Mr Cargill, noting that it did not experience any significant erosion in the value of the National Insurance Fund owing to cautious interna tional exposure. The Board is developing more than $100 million in current infrastructure pro jects throughout the Bahamas, which will attract higher investment returns than the local investment market can pay. Having to date construct ed, equipped and formally turned over to the Ministry of Health a total of 19 poly clinics throughout the country, Mr Cargill said the NIB is finalising plans to reno vate the Fresh Creek Clinic and build a large and modern health facility for Androsians in Central Andro. This comes after NIB spent more than $500,000 to renovate the North Andros Clinic, and in excess of $200,000 on the Mangrove C ay and Miriam Green Clinics in south Andros in 2009. P roviding an update on the first phase of the Nation al Prescription Drug Plan (NPDP free prescription drugs for specific categories of indi viduals, Mr Cargill said prescriptions have so far amounted to 50,000 transactions for a total payout of $1 million since its launch in September 2010. Mr Cargill noted that the second phase of the NPDP will be rolled out shortly, in which all workers will be required to pay into the pro gramme and will therefore be covered. Our recommendation is that the contribution rate (for workers/employers to NIB) increase by 1 per cent to 10.8 per cent of the insurable wage to fund this extended benefit, he said. The NIB director added that a second component of the NDPD is a Healthy People Programme, which aims to encourage healthy lifestyles and thereby reduce the burden of illness, and in particular chronic noncommunicable diseases. An avenue for entrepreneurship has been created in this way, as grants will be provided by the NIB to Bahamians able to offer pro grams that will encourage health, enhance knowledge of health risks and personal responsibility for wellness. We will only invest in programs that are most like ly to bring good returns as regards to stimulating the local economy, and helping Bahamians to become healthier, more productivea nd to enjoy increased f inancial security, said Mr Cargill. BUSINESS T HE TRIBUNE FRIDAY, MAY 13, 2011, PAGE 3B STATOILSOUTH RIDING POINT, LLCEMPLOYMENTOPPORTUNITYTECHNICAL ENGINEER The successful candidate main responsibilities are as follows: Implement Statoil Technical Information System (computerized documentation system Update and perform planning and scheduling for maintenance and modification department Update and follow-up progress in existing computerized maintenance system Participate in implementing Statoils maintenance system (SAP Assist in technical questions raised by the organization and support with technical documentation and engineering competence Perform task within the SAPsystem EDUCA TION REQUIREMENTS Preferrably a dual major in Mechanical and Electrical Engineering from a recognized tertiary university Three (35 BENEFITS include Medical, Dental and Vision Insurance including Life Insurance and Pension Savings Salary will be compensated with education and qualification Interested individuals should forward orfax rsums to: The Human Resources Administrator P.O. Box F-42530 Freeport, Grand Bahama Bahamas FACSIMILE NUMBER 1-242-353-4573 NO TELEPHONE SOLICITATION PLEASE! Rsums should be received by May 6th, 2011Our values are to be courageous, open, hands-on and caring. We believe in these qualities, which are essential for building an even stronger Statoil. If you can identify with them, you could be the one to strengthen our team.Statoil non-accrual [those 90 days or more past due] its around 18 p er cent. Its significant. Some $938.63 million and $192.55 million in Bahamian dollar and foreign currency loans, respectively, were outstanding as at end-March 2011, meaning that total credit extended to the private sectorby the commercial banking industry was $1.13 billion. According to data released by the Central Bank of the Bahamas in its report on March 2011 monthly economic developments, that month total commercial loan arrears rose by $16.3 million or 6.6 per cent to $265.5 million. Most of that was concentrated in the 31-90 day segment, which grew by $16.2 million or 30.1 per cent. For the 2011 first quarter as a whole, commercial loan delinquencies rose by $10.3 million or 4 per cent to $265.5 million, w ith credit 31-90 days past due advancing by $6.8 million or 10.8 per cent, and non-performing loans up $$3.5 million or 1.8 per cent. From a macroeconomic standpoint, things have stabilised, but pockets are still facing difficulties, and one area of concern is the commercial portfolio. Businesses are really suffering, Mr McWeeney told Tribune Business, warning that the Bahamian banking sector was likely to be grappling with bad business loans over the next 12-18 months. The Bahamian banking industrys commercial loans data shows just how badly the private sector and business community has been affected by the recession, and gives an insight into the struggles many small and medium-sized busi nesses are wrestling with on a daily basis. The high level of bad private sector loans has significant implications for any Bahamian economic recovery, as debtburdened businesses will be struggling with bringing existing obligations current, and unable to invest in new staff or expansion. Some of these troubled companies will also likely go out of business, further negatively impacting unemployment levels. To alleviate the situation, Mr M cWeeney said the Bahamas needed to see increased foreign direct investment capital, such as that from the $2.6 billion Baha Mar project, and the Governments infrastructure project funding filter down through the economy. This way, employment and consumer demand would be stimulated, and Bahamian companies might also win more contracts for work. The Bank of the Bahamas International managing director acknowledged that many companies had exhausted their savings and, with consumer demand weak, cash flow was often anemic. These businesses rely on commercial projects to be in the pipeline, and people are saving. The savings rate has increased, as people are being more prudent in how they spend their money, Mr McWeeney added. While this was good for savers, it was bad for Bahamian businesses. Mr McWeeney said the fact foreign exchange reserves stood at $1.1-$1.2 bil lion showed consumer demand was not where it needed to be, with all the implications that held for government revenues. Its a mixed bag of goods, he told this newspaper. Whats good in one area is not good for another. Hopefully, in 18 months well be beyond this. Banks have done a good job in absorbing the shock to their retail portfolio, and now the focus is on the commercial side, Mr McWeeney told Tri-bune Business. That portfolio needs a lot of attention because businesses are fairly weak. We cant expect a major turnaround during these uncer tain times, but little steps are good steps. Eventually, every thing will come together. Im confident of that. It needs to be reflected now in consumer confidence and business confi dence. Business credit: 25% in arrears FROM page 1B By ALISON LOWE Business Reporter a email@example.com Androsian tourism is like a legless crab, unable to get up and run without much needed investment, a senior tourism official hasl amented, calling for investment in i ts transportation infrastructure, a ccommodation facilities, restaur ants and attractions, plus greater linkages with the outside world. A ddressing the Andros Business Outlook 2011, Benjamin Pratt, s enior manager of the Bahamas Tourism Office, said that more collaboration between the public and private sector is required if Andros is to achieve its tourism potential. Referring to Andros as a crab, with each element hotel accommodation, transportation infra-s tructure, food and beverage offeri ngs of its potential tourism product l ike a leg which it does not have, M r Pratt said: In an ideal environment, and under a set of desirable circumstances where we have all eight legs functioning effectively,t he industry thrives. Employment If any one of these is lost then we experience the extent to which the industry fails to produce the desiredr esults: Increased visitor arrivals, higher expenditure and more e mployment creation. Mr Pratt said the major areas to w hich additional investment or attention must be paid if the islands tourism is to develop include: Air-p ort facilities, which must be made c apable of accommodating international airlines; port and marina facilities capable of docking cruise ships and private yachts; accommodation, which must be of an adequate num-b er and quality; restaurants, which m ust serve a variety of balanced m eals demanded by visitors rather t han just peas and rice; and adventure facilities and attractions to fulf ill the interests of guests of all ages and abilities who do not just want t o lay in their rooms or on the beach. Given the importance of the travel industry and media in promoting destinations to the world, Mr Pratt said more linkages must be created between Andros and these sectors. Many of our hotel properties are n ot connected in any way to these t ravel intermediaries, so the rest of the world does not know about us. Its important for us to develop those connections with travel agents, wholesale travel agents and otherb ooking agencies like Travelocity s o as to influence the flow of trave llers in our direction, said the t ourism official. Mr Pratt also suggested Andros c ould attract more world class events and meetings if it had facil i ties capable of handling such groups. If we do this then we will see tourism thrive in Andros. Should we not move in this direction, we will be unable to move or survive, he said. Andros tourism like legless crab Androsians receive 82% of NIB outlay ALGERNON CARGILL INSIGHT For the stories behind the news, read Insight on Mondays
Oil prices surged to levels n ot seen since 2008 this year, rising between February toM arch 2011 from an avera ge of around $85 a barrel to over $105 a barrel. In comparison, in March 2010 the average price of a barrel of oil was around $73. In March 2009, it was at a lower average of around $ 40. P rior to this weeks tumb le in commodities prices, M r Moss told Tribune Busin ess that rising gasoline p rices experienced by B ahamian consumers did not necessarily signify that they should anticipate any f urther rises in their elect ricity costs in the coming m onths. While gas prices have b een going up, traditionally f uel oil prices, diesel and heavy fuel oil, do not go up as appreciably in the summer months as gasoline. Gasoline tends to take quite a spike in the summer, while fuel oil and diesel do not escalate as much, Mr Mosss aid at that time. W ith analysts now predicting that oil prices couldh ave peaked for the time b eing in light of persistent high prices, and weak GDP g rowth rates, from advanced e conomies leading to a reduction in the expected demand for oil, Mr Moss suggested his earlier opin-i on that consumer electrici ty costs are unlikely to rise s ignificantly has been reinforced. The Central Bank of the B ahamas report for March 2011 backed Mr Mosss estimates, stating that the aver age fuel surcharge for BEC electricity bills rose by 21.6 per cent that month to 22.52 cents per kilowatt hour, almost double the previous y ears value. And it added: Average p rices of gasoline and diesel also firmed by 4.2 per cent and 4.8 per cent to $4.94 per gallon and $4.61 per gallon respectively while, year-onyear, the respective costs of b oth products advanced by 2 4.8 per cent and 15.2 per c ent. Energy costs, the Central B ank said, were on an upward trend, even t hough inflation for the 12 months to January as meas ured by the Bahamian Retail Price Index dropped by 0.3 percentage points to 1 .4 per cent. Recent increases in fuel and other commodfity prices a re anticipated to add to domestic inflation during the year, especially energy-relat-e d costs, the Central Bank r eport said. After gaining $7 to $8 a barrel in April, prices for b enchmark Brent and WTI oil plummeted more than$ 16 a barrel over the course of a week leading up to May 6, to $109.13 and $97.18 per barrel respectively. In the US, crude oil for June delivery fell $5.13, or 4.9 per cent, to $98.75 a barrel on Thursday on the New York Mercantile Exchange. However, prices were up 29 per cent from a year ago. Gasoline for June deliv ery dropped 25.9 cents, or 7 .7 per cent, to $3.12 a gal lon in New York. The con-t ract declined as much as 9 p ercent, the biggest fall since Feb. 2, 2009. However, this relief did n ot come in time to deter o ther increases that will hit the pockets of Bahamianc onsumers through raising t he cost of importing goods t o this nation. Shipping companies Crowley and Seaboard Marine, members of the Florida-Bahamas Shipowners and Operators Association, yesterday announced plans to increase freight rates by $100 per 20-foot equivalent units. The two increases will take effect on June 15 and September 18, 2011. The Association had already increased its fuel surcharges earlier this year in a two-step increase that took effect on April 17 and May 8. The two new rate increas es will apply to all contract and tariff rates between the US and Bahamas destina tions, a statement said. The increases come on top of the increase in fuel surcharges the association implemented on February 20. B USINESS P AGE 4B, FRIDAY, MAY 13, 2011 THE TRIBUNE 1RWLFH 7KH VW $QQXDO*HQHUDO0HHWLQJ 0HHWLQJ RIWKH 3XEOLF :RUNHUV&RRSHUDWLYH&UHGLW8QLRQ/LPLWHG &RRSHUDWLYH ZLOO EHKHOGRQ 0D\ 0D\ WK WK DWWKHRIFHRIWKH3XEOLF :RUNHUV&RRSHUDWLYH&UHGLW8QLRQ/LPLWHG ,QWKHHYHQWWKHUHLVQRWTXRUXPRQ 0D\ 0D\ WK WKH QG FDOODQG)LQDO0HHWLQJ FDOO0HHWLQJ 0HHWLQJ 0HHWLQJ ZLOOEHKHOG RQ -XQH WK DWWKH %ULWLVK&RORQLDO+LOWRQ +RWHO%D\WUHHW +RWHO%D\WUHHW +RWHO%D\WUHHW (OLJLEOHPHPEHUVZLVKLQJWRUXQIRU SRVLWLRQRQWKH %RDUGRI'LUHFWRUV fXSHUYLVRU\&RPPLWWHHRU f&UHGLW&RPPLWWHH DUHDVNHGWRVXEPLWWKHLUQDPHVWRWKHFUHGLWXQLRQ :HGQHVGD\ WK $OOPHPEHUVDUHHQFRXUDJHGWRDWWHQG 5HIUHVKPHQWVZLOOEHVHUYHG Bahamas would provide to BTC, the former only replied once and did not provide the requested information. In response to BTCs comments, Cable Bahamas confirmed it had approached the former state-owned carrier in July 2010 to begin talks over an interconnection agreement, r ecognising this was vital if it was to offer competitive fixedl ine voice services to Bahamian consumers. I nterconnection is vital to creating a competitive market in this telecoms service, because it allows traffic originating on one carriers network to terminate on a rivals, thus enabling two different sets of customers to talk to one another. Cable Bahamas last night told Tribune Business it was perplexed that BTC had chosen to raise the matter publicly, acknowledging that it had raised the interconnection issue in a letter to the Utilities Regulation & CompetitionA uthority (URCA of that letter. Many informed observers are unlikely to be surprised that the interconnection negotiations between BTC and C able Bahamas have run into difficulties, given that the same happened when the formers only legally licensed competitor, Systems Resource Group (SRG t he same. Y et BTC and SRG are under new ownership/management i n the shape of Cable & Wireless Communications (CWC and Cable Bahamas respectively, and the current negotia-t ions may serve as a litmus test for how smooth the relat ionship between the two rivals likely to dominate the Bahamian communications market as a duopoly will run in the future. Marlon Johnson, BTCs vice-president of sales and marketing, told Tribune Business yesterday that the companys interconnection agreement with SRG (inheritedb y Cable Bahamas) had expired, and the latter two appeared to be challenged in negotiating a new one that fell within the ambit of the newly-privatised carriers Reference Access & Interconnection Offer (RAIO BTC has been finalising the RAIOs terms with URCA for several months, and Mr Johnson said this would provide the framework within which the company would negotiate i nterconnection deals with all other licensed telecoms carr iers, setting out the terms, conditions and pricing policies b oth sides would face. From our standpoint, we are pretty clear as to what the p rocess is and what it ought to be, Mr Johnson told Tribune B usiness. We are disappointed our counterparts on the other side dont see it that way. We have had dialogue with SRG/Cable Bahamas for q uite some time. The old interconnection agreement with SRG has expired for some time now, and we have to move them and all other operators to the RAIO framework. Thats mandated by the regulatory regime, and thats top rotect BTC and all other regulated operators. BTC, Mr Johnson explained, had been pursuing two tracks seeking to finalise its RAIO terms and conditionsw ith URCA, and negotiating with SRG/Cable Bahamas at t he same time on an interconnection agreement. The talks, he added, were centred on how the two sides interconnected with each other, the services they would extend to each other, and the tariffs they would seek to impose on theo ther side. Thats what weve been attempting to do, and were disappointed that the process has not, in our minds, advanced as quickly as it should have done because werew aiting on information from Cable Bahamas, Mr Johnson told Tribune Business. There are terms and services we need to know: What they intend to do; what they want from BTC; what they willp rovide to BTC; and the prices they will charge BTC. Its the w hole nine yards, and an interconnection agreement is twosided. Its what they require, and what we require. He added: Were eager to get it done. Were not intere sted in procrastination and idle discussion. We want to sit d own and get this done to facilitate the needs of both sets of customers in competition. Our hope is that we can get it resolved quickly. We want to get it in the context of the new RAIO environ ment and framework, and that seems to be the challenge they [Cable Bahamas] have. BTC said Cable Bahamas had alleged it was not cooperating by failing to work expeditiously to facilitate connection to BTCs network. It is sadly ironic that Cable Bahamas would accuse BTC of anti-competitive delaying tactics when they are the ones who do not show up for meetings, said BTC in a press statement. Far from stonewalling, BTC is, in fact, waiting for a response from Cable Bahamas as to the services it expects to provide in exchange for the services it has requested from us. BTC requested that information in writing seven times between January 11 and March 22. Only once was a response received, on March 9, for what Cable Bahamas termed a proposal of services, but the list was, in fact, the list of services Cable Bahamas would like to take from BTC. BTC added: We have been in negotiations over interconnection-related services since August of 2010. We fully understand the importance of these matters. They are crit ical building blocks in laying the foundation of how we move forward in a competitive environment. And we are stunned that Cable Bahamas would now complain that we, BTC, has ignored URCAs decision, when it seems that Cable Bahamas definition of meaningful as it applies to interconnection negotiations appears to be one in which Cable Bahamas instructs BTC as to what Cable Bahamas wants and BTC accedes. Tribune Business understands that Cable Bahamas believes BTC has not kept to the timelines outlined in the RAIO, and that negotiations should not take nine-12 months to complete. Still, Mr Johnson said the RAIO as mandated by URCA was designed to ensure transparency and fairness throughout the entire Bahamian communications industry, allowing rival carriers to access BTCs network and compensating the incumbent for this. He added that the RAIO was intended to ensure that BTC got an appropriate return on investment on its sunk cost base, with all parties paying a fair tariff. Mr Johnson said BTC had invested hundreds of mil lions of dollars in infrastructure over its history, but was required under the new regulatory regime to use a costbased mechanism to assess the tariffs it should levy on other licensed carriers. This, he explained, was intended to strike a balance between protecting competition and rival carriers, through BTC not being allowed to impose mark-ups or rents, while ensuring competitors could not ride BTC for free. Our ultimate intention is getting this resolved, and the RAIO approved, so we can move to everyones aim of hav ing a competitive, robust marketplace that benefits consumers, Mr Johnson said. BTC blasts Cable over regulatory complaint FROM page 1B Electricity costs rise some 26% F ROM page 1B Recent increases in fuel and other commodfity prices are anticipated to add to domestic inflation during they ear, especially energy-related costs. 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The unions were seeking to agitate by litigation a matter in which they had no interest: the vesting of BaTelCos assets in BTC, a nd the divestiture by the Government of 51 per cent of its shareholding in the latter....... The raison detre of the unions writ was such that n o amount of ingenuity in c rafting a statement of claim could have saved it. The unions simply did not have the standing or interest to pursue the respondents, and no amount of inventivenesso r dexterity in drafting a subsequent statement of claim could have saved their action. The Court of Appeal said the unions challenge to the BTC sale should not have b een brought in the first p lace. Appeal Justice Conteh, w riting the verdict on behalf o f himself and fellow A ppeal Justices, court president Anita Allen and Justice Blackman, said the maint hrust of the unions case was that the 1999-2000 vesting of BaTelCos assets, liabilities and rights in its successor, BTC, had unconstitutionally deprived the former of its rightful property. T hey further alleged that t his divestment, initiated by t he 1999 Telecommunications Act, had unlawfullya brogated the 1966 B ahamas Telecommunications Corporation Act that created BaTelCo. Noting that the unions were effectively seeking to pick up the cudgel on behalf of BaTelCo, theC ourt of Appeal said the key question was whether they had any standing to do so and whether, if theyh ad, this should be allowed. I t added that when the unions were galvanised into action by the impending sale to CWC, the unions industrial agreements with BaTelCo had been main tained in force under BTC. A nd subsequent agreements h ad also been concluded with BTC. As a result, the defendants, BaTelCo, BTC and the latters former executive chairman, Julian Francis, had urged that the writ bes truck out and dismissed, on the grounds that it disclosed no cause of action and the unions had no standing to bring the claim. Justice Adderley in the lower courta greed with their arguments, and did just that. At the Court of Appeal h earing, Justice Conteh said the main thrust of the unions arguments, as artic-u lated by attorneys Maurice Glinton and Paul Moss, was an attempt to overturn the Supreme Court findings that t hey had no legal capacity or standing to bring the action. T he two BTC unions sued b y their respective trustees, b ut the Court of Appeal found that just being registered as a trade union under t he Industrial Relations Act did not give them carte b lanche authority to sue out and maintain any and all claims unrelated to the s cope of their statutory objects. A nd while both unions had the capacity to sue over their industrial agreementsw ith BTC, they made no such claim in their writ, a lluding merely to their allegation that BaTelCos p roperty was taken unlawf ully representing a breach of contract. It cannot equally be doubted that the unions cans ue and maintain a claim r elating to their headquar ters, for example, or any loans they might have made, the Court of Appeals aid. These would be claims in respect of their real or personal property orm oney, and section 27 of the Industrial Relations Act expressly imbues them with the requisite capacity toi nstitute and maintain such c laims. But this is a far cry from saying that the IndustrialR elations Act does entitle the union to sue, in reliance on the constitution, for the alleged expropriation ofB aTelCos property or the sale of any shares in BTC. The Court of Appeal backed the Supreme Court verdict that the unions had no standing to bring thea ction, since none of their private legal rights were being threatened ori nfringed upon. Noting that the unions had not acted the vesting ofB aTelCo assets in the Public Utilities Commission (PUC when it was created, the Court of Appeal said: Indeed, in argument before us, Mr Glinton was hard pressed to show us any d irect interest of the union i mpacted by the vesting of B aTelCos assets in BTC, or the proposed sale by the Government of 51 per cent o f its shareholding in the latter. He could not point to any, apart from his reference to the unions having some u nspecified interest in the fortunes of BaTelCo and the v iability of BTC. The Court of Appeal described the inclusion ofB aTelCo as a defendant by the unions as bizarre, and n oted that the property divestiture they were comp laining about had happened nine years before. It added that the unions had no reasonable cause of action, as the transfer ofB aTelCos assets and liabilities to BTC had been done under the authority of anA ct of Parliament, thus making it lawful. Suggesting that the unions s hould have sought to advance their case via Judicial Review, rather than an ordinary writ, the Court of A ppeal said they chose the latter route for reasons best known to them and their l egal advisers. When Mr Glinton for the u nions was asked by the court why this was not done, he was unable to give any s atisfactory response other than that the action by writ w as the method the unions preferred, the judgment said. We could not help but conclude that the writ form at was resorted to by the unions for largely tactical reasons, namely to obviateo btaining permission that would otherwise have been r equired on an application for Judicial Review. BUSINESS T HE TRIBUNE FRIDAY, MAY 13, 2011, PAGE 5B 686$1:,/.,1621RI3%2; +223(56%$<*5($(;80$%$+$0$6 6$%<52'5,*8(=48(52RI 6KHUZRRG'ULYH6DQ6RXFL31DVVDX %DKDPDV 5(1(77(/$)5$1&(RI &+85&+,//68%',9,6,213%2;1$66$8 %$+$0$6 VXFFHVVKXQGUHG#JPDLOFRP FROM page 1B exatious, scandalous and frivolous: Court slams BTC staff unions g o out and drill, said Dr Crevello. He claimed recent data o btain by BPC through its exploration efforts had determined t hat supersize oil fields of a size larger than fields in the oilwealthy Middle East may exist in the southern Bahamas. Dr Crevello declined to identify, when asked, which major companies are interested in the opportunity to drill in the Bahamas. We would not drill ourselves. We would bring in a super m ajor who would have the breadth of science to do that. We would remove ourselves to become a minority partner. They would then become the operators, drill the wells and take on all of these responsibilities, said the chief executive, speaking of the potential relationship between BPC and a more established oil company. While describing how BPC would take a step back at this stage, Dr Crevello sought to emphasise that BPC is committedt o ensuring that any oil exploration or drilling activities would b e done with a view to protecting the environment from any damage. H e said the company is presently having an Environmental Impact Assessment (EIA c apture system under patent. He also drew upon what he described as the differences b etween the type of drilling activity that was taking place in the G ulf of Mexico prior to the massive oil spill that occurred there last year, and that which would be called for in the B ahamas, suggesting the latter would be inherently safer for geological and other reasons. The Macondo [Deepwater Horizon oil well] was drilled in over 5,000 feet of water, in a very challenging environment. This [The Bahamas] would be a completely different environment, s aid Dr Crevello. BPC, which has a million market capitalisation, stated i n March 2011 its aspiration beginning to drill for oil in the B ahamas by the first quarter of 2012. Its stock had received a major boost after the company charged in a December 2010 investor presentation that it was aiming for a 2011 fourth quarter start date to drill. T he companys stock value later declined 30 per cent, after M inister of the Environment, Earl Deveaux, confirmed at the end of March that it would be nigh on impossible for the Gove rnment to enact the legislation that would enable oil drilling in this nation prior to the next general election, which most observers expect to take place in May 2012. M r Deveaux reiterated that the suspension of consideration of applications for licenses to explore and drill for oil, which the Government put in place in August 2010 after the Deep WaterH orizon oil spill in the Gulf of Mexico threatened Bahamian w aters, remains in place until such time as this nation "has the most rigid protocols in place". In his presentation, Dr Crevello highlighted the history of oil e xploration and the drilling of wells in the Bahamas noting the fact that BPC is one of several companies that have sought to find oil in this nation as well as the fact that drilling activity is s et to get underway in Cuba as early as this year. It is anticipated that significant oil may be extracted from an area in Cuba close to the southern Bahamian waters where BPC believes the most significant chance of striking oil in this nation e xists. Dr Crevello said there would be varied opportunities for growth and development in this nation stemming from oil-d rilling activity if BPC gets the go-ahead to proceed. These would come not only from royalties to the Government, but from the creation of more skilled employment and expansiono f related industries. With success, Freeport and the deepwater port could build up. Weve talked to the authorities about the potential of building the FPSO (floating production, storage and offloadings hips[vessels used by the offshore industry for the processing and storage of oil until it can be offloaded] in Freeports dry dock, so youd have job creation associated with marine con-s truction. With production (of oil Bahamas and set up offices. There would be opportunities for environmentalists, said Dr Crevello. H owever, he added that a challenge would be a lack of appropriate skill sets existing in the Bahamas at present to take up oil industry-related opportunities. We would have to train people up, starting now at the high school level, get more people in the engineering stream, into petroleum engineering and so on. The potential is there, said the chief executive. Firm in talks with oil majors F ROM page 1B
ANNE D'INNOCENZIO, A P Retail Writers M ICHELLE CHAPMAN, AP Retail Writers N EW YORK K ohl's Corp.'s first-quarter net income climbed 6 percent as its move to con-t rol expenses like inventory and strength in its store-l abel brands made up for a more modest revenue i ncrease overall. The company also raised i ts full-year earnings outlook T hursday, partly on optimism it will be able to pass o n higher costs for raw materials like cotton. L ingering cool temperat ures in the Northeast and M idwest chilled sales of seasonal items like clothing. But the department store retailer said it expects clothing sales to improve as the weather warms up. "We have strengthened o ur marketing for the second quarter and believe that we will see some pent-up demand for seasonal busi-n esses," said Kevin Mansell, chairman, president and CEO said on a conference c all with investors. Focused "Our customer is very focused on buying close to need. And so when she d oesn't have need, which she really didn't have in M arch and April, she delays b uying." T he chain is also counting on its new exclusive brands from entertainers Jennifer L opez and Marc Anthony t o draw customers. Kohl's s ays they're the first celebrity couple to simultaneously design collections for one retailer. The lines will launch this fall. K ohl's net income rose to $211 million, or 73 cents pers hare, for the period ended A pril 30 from $199 million, or 64 cents per share, a year earlier. Earnings met the expectations of analysts surveyed b y FactSet. R evenue rose 3 percent to $4.16 billion. Wall Street forecast revenue of $4.26 billion. Kohl's shares rose a little m ore than 1 percent, or 70 cents, to $54.31. Revenue at stores open at l east a year increased 1.3 percent for the quarter, below the 5.4 percent at Macy's Inc. and the 3.8 per-c ent at J.C. Penney Co. The figure is important for retail ers because it excludes s tores that opened or closed d uring the year. Exclusive brands and store labels like Simply Vera Vera Wang and Food Net w ork, which carry a high profit margin and account for about 50 percent of thes tore's business, fared well. Mansell told investors that Kohl's is on track to have $1 billion in online sales thisy ear. T he department store o perator previously indicate d that its online revenue c limbed more than 50 perc ent last year. But Kohl's still lags its competitors online, according to Citi Investment Research analyst Deborah Weinswig in a recent report. Last year, Kohl's online sales accounte d for 3.9 percent of its business, compared with 6 percent for Macy's and 8.6 perc ent for J.C. Penney. Increase Clearly, Kohl's is aiming to increase that. It bought its third online s hipping center in Maryland that it plans to have running in time to support the criticalh oliday season. Kohl's said in March that the Edgewood, Md., center should open in July, creating about1 ,200 jobs over the next t hree years. As shopping increasingly moves to the Web, Kohl's isb uilding smaller stores. About two-thirds of its new stores in 2011 will be what it considers "small," about6 4,000 square feet. That's about three-quarters the size of Kohl's typical stores. As more people shop at home and get it delivered to them at home, you might not need as big a footprint," Chief Financial Officer Wes M cDonald said. M ansell said competition remains fierce among rivals to get their share of shoppers' dollars, but it will be more intense this fall asr etailers try to push through m ore price increases. Mansell told investors that when it pushed through h igh-single-digit increase on c ertain goods in men's basics, denim and children's wear, the number of itemss old declined in the low sin g le digits, but dollar sales rose in the mid-single digits. Kohl's, based in Menomonee Falls, Wis.,n ow expects full-year earnings of $4.25 to $4.40 per s hare, up from $4.05 to $4.25 per share. It anticipates second-quarter earnings of 96 cents to$ 1.02 per share. Analysts predicted fullyear earnings of $4.36 per share and second-quartere arnings of $1 per share. T he retailer, whose exclu sive brands include Dana Buchman and Hang Ten,r uns 1,097 stores in 49 states. B USINESS P AGE 6B, FRIDAY, MAY 13, 2011 THE TRIBUNE 0$128&+.$'20,1,48(RI 1DVVDX6WUHHW1DVVDX%DKDPDV 3(7(5:,/.,1621RI3%2; +223(56%$<*5($(;80$%$+$0$6 521$/'%($85(*$5'RI 3%2;63$1,6+:(//6(/(87+(5$ %$+$0$6 :2/)6(<)(57RI '20,1,&$:$<3%2;1$66$8 %$+$0$6 KOHL'S 1Q PROFIT CLIMBS, LIFTS FULL-YEAR OUTLOOK ( AP Photo/Morry Gash, file) PROFITUP: In this filew photo taken Nov. 9, 2005, a sign from the Kohls Department store is displayed in Madison, Wis. Kohls Corp.s first-quarter net income climbed 6 percent as the department store chainc ontrolled expenses and expanded its online business. The company also lifted its full-year earnings outlook Thursday, May 12, 2011. INTERNATIONAL BUSINESS CHRISTOPHER S. RUGABER, AP Economics Writer WASHINGTON T he number of Americans applying for unemployment benefits plummeted last week, reversing nearly all the sharp rise reported the previous week. T he number of laid-off workers seeking benefits dropped 4 4,000 to a seasonally adjusted 434,000, the Labor Depart ment said Thursday. That is the steepest weekly fall since February 2010. The drop suggests that the increase of 47,000 reported last w eek was mostly due to temporary factors. The state of New York reported that applications jumped by more than 24,000 two weeks ago, because more school systems hads pring break than usual. That led to a spike in temporary layoffs. A new extended benefits program in Oregon had caused applications to rise in that state. S till, the latest applications figure is far above the 375,000 l evel typically consistent with sustainable job growth. Week ly applications peaked during the recession at 659,000. The tornadoes that devastated parts of Alabama led to a j ump in applications in that state last week, a department spokesman said, though it wasn't enough to significantly impact the national numbers. Increase The four-week average of claims, a less volatile measure, rose to 436,750, its fifth straight increase. The average has jumped 46,500, or nearly 12 percent, since early April. That rise has raised concerns among many economists that hiring could slow this month, weighing on the economy. More jobs are critical to boosting consumer incomes and spending. Consumer spending accounts for about 70 percent of the economy. Employers have been adding jobs at a healthy pace since February. Companies have added 250,000 jobs each month, on average, in the past three months, the biggest hiring spree in five years. The unemployment rate has dropped nearly a full per centage point in the past five months, though it remains at 9 percent. The number of people receiving unemployment benefits edged up by 5,000 to 3.8 million, the department said. But that doesn't include millions of additional people receiving emergency benefits under an extended benefits program put in place during the recession. All told, just under 8 million people received unemployment benefits in the week ending April 23, the most recent data available. That's about 30,000 fewer than the previous week. Drop in number of Americans applying for jobless benefits (AP Photo/Mel Evans J OBFAIR: n this May 3, 2011 photo, Army Sgt.1st Class Lonell Z immerman, of Vineland, N.J., looks over some papers as he attends a job fair aimed at helping military and former military members transition to civilian jobs, in Cherry Hill, N.J. The number of people applying for unemployment benefits plummeted last week, reversing n early all the sharp rise reported the previous week. WASHINGTON U.S. consumers spent more on gasoline, clothing and autos in April, pushing retail sales up for a 10th straight month. But much of the gain came from a surge in gasoline prices. T he Commerce Department says retail sales rose 0.5 percent in April after a 0.9 percent increase in March. Excluding a 2.7 percent jump in gasoline sales reflecting higher prices, the increase in retail sales was a much smaller 0.2 percent. Gasoline pump prices have been surging in recent months, with the nationwide average hovering near $4 a gallon. RETAIL SALES UP FOR 10TH STRAIGHT MONTH IN APRIL
BUSINESS T HE TRIBUNE FRIDAY, MAY 13, 2011, PAGE 7B 5 2wk-Hi52wk-LowSecurit y P revious CloseToday's CloseChangeDaily Vol.EPS $Div $P/EYield 1.190.95AML Foods Limited1.181.180.000.1550.0807.66.78% 10.639.05Bahamas Property Fund10.6310.630.000.0130.200817.71.88% 7 .504.40Bank of Bahamas6.916.910.000.2130.10032.41.45% 0.530.17Benchmark0.180.180.00-0.8770.000N/M0.00% 2.842.70Bahamas Waste2.702.700.000.0470.09057.43.33% 2.201.96Fidelity Bank1.961.960.000.0160.040122.52.04% 12.008.69Cable Bahamas8.748.740.001.0500.3108.33.55% 2 .852.35Colina Holdings2.552.550.000.4590.0405.61.57% 7 .005.80Commonwealth Bank (S1)6.986.980.000.4960.26014.13.72% 2 .531.86Consolidated Water BDRs1.932.000.070.1110.04518.02.25% 2.541.31Doctor's Hospital1.311.310.000.1070.11012.28.40% 5.994.75Famguard5.405.400.000.3570.24015.14.44% 9.005.65Finco6.006.000.000.6820.0008.80.00% 9 .858.60FirstCaribbean Bank8.608.600.000.4940.35017.44.07% 6.004.57Focol (S)6.006.000.000.4350.16013.82.67% 1.001.00Focol Class B Preference1.001.000.000.0000.000N/M0.00% 7.305.50ICD Utilities7.307.300.000.0120.240608.33.29% 10.509.80J. S. Johnson9.829.820.000.8590.64011.46.52%1 0.0010.00Premier Real Estate10.0010.000.001.2070.2008.32.00% 52wk-Hi52wk-LowSecuritySymbolLast SaleChangeDaily Vol. 9 9.4699.46Bahamas Note 6.95 (2029BAH2999.460.00 100.00100.00Fidelity Bank Note 17 (Series A) +FBB17100.000.00 100.00100.00Fidelity Bank Note 22 (Series B) +FBB22100.000.00 100.00100.00Fidelity Bank Note 13 (Series C) +FBB13100.000.001 00.00100.00Fidelity Bank Note 15 (Series D) +FBB15100.000.00 5 2wkHi 5 2wkLow S ymbol B id$ A sk$ L astPrice D ailyVol E PS$ D iv$ P /E Y ield FINDEX: YEAR END 2008 -12.31%30 May 2013 20 November 2029THURSDAY, 12 MAY 2011BISX ALL SHARE INDEX: CLOSE 1,435.34 | CHG 0.07 | %CHG 0.00 | YTD -64.17 | YTD % -4.28BISX LISTED DEBT SECURITIES (Bonds trade on a Percentage Pricing basis)Maturity 1 9 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%B ISX LISTED & TRADED SECURITIES AS OF:7 % Interest 5 2wk H i 5 2wk L ow S ymbol B id $ A sk $ L ast P rice D aily V ol E PS $ D iv $ P /E Y ield 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 Holdings0.650.750.400.0290.00024.130.00% 52wk-Hi52wk-LowFund NameNAVYTD%Last 12 Months %NAV 3MTH 1.55731.4674CFAL Bond Fund1.55732.04%6.13%1.535365 3.01852.9020CFAL MSI Preferred Fund3.01852.41%4.01%2.952663 1.59761.5289CFAL Money Market Fund1.59761.50%4.50%1.580804 3.20252.6384Royal Fidelity Bahamas G & I Fund2.6384-3.01%-13.12% 13.638813.0484Royal Fidelity Prime Income Fund13.50161.08%0.02% 116.5808103.9837CFAL Global Bond Fund116.58080.71%8.38%115.762221 114.1289101.7254CFAL Global Equity Fund114.12892.39%7.89%111.469744 1.16081.0000FG Financial Preferred Income Fund1.16081.25%5.20% 1.12141.0000FG Financial Growth Fund1.12140.26%4.18% 1.16201.0000FG Financial Diversified Fund1.16201.12%5.24% 9.99529.5078Royal Fidelity Bah Int'l Investment Fund Principal Protected TIGRS, Series 19.88910.43%4.27% 11.217310.0000Royal Fidelity Bah Int'l Investment Fund Principal Protected TIGRS, Series 211.49854.04%7.76% 10.42889.1708Royal Fidelity Bah Int'l Investment Fund Principal Protected TIGRS, Series 310.68136.55%7.65% 8.45104.8105Royal Fidelity Int'l Fund Equities Sub Fund8.85645.46%11.17% BISX ALL SHARE INDEX 19 Dec 02 = 1,000.00YIELD last 12 month dividends divided by closing price 52wk-Hi Highest closing price in last 52 weeksBid $ Buying price of Colina and Fidelity 52wk-Low Lowest closing price in last 52 weeksAsk $ Selling price of Colina and fidelity Previous Close Previous day's weighted price for daily volumeLast Price Last traded over-the-counter price Today's Close Current day's weighted price for daily volumeWeekly Vol. Trading volume of the prior week Change Change in closing price from day to dayEPS $ A company's reported earnings per share for the last 12 mths Daily Vol. Number of total shares traded todayNAV Net Asset Value DIV $ Dividends per share paid in the last 12 monthsN/MNot Meaningful P/E Closing price divided by the last 12 month earningsFINDEX The Fidelity Bahamas Stock Index. January 1, 1994 = 100 (S) 4-for-1 Stock Split Effective Date 8/8/2007 (S1) 3-for-1 Stock Split Effective Date 7/11/200730-Apr-11 30-Apr-11 114.368369 106.552835 31-Mar-11 31-Mar-11 NAV 6MTH 1.512246 2.907492 1.561030TO TRADE CALL: CFAL 242-502-7010 | ROYALFIDELITY 242-356-7764 | FG CAPITAL MARKETS 242-396-4000 | COLONIAL 242-502-752530-Apr-11 31-Mar-11 30-Apr-11 29-Apr-11 30-Apr-11MARKET TERMS31-Mar-11 31-Mar-11CFAL Securities Ltd. (Over-The-Counter Securities)30-Apr-11BISX Listed Mutual FundsNAV Date 30-Apr-11 31-Mar-11 A look at economic developments and activity in major stock markets around the world Thursday: ___ BERLIN Germany has signaled it could back more help for struggling Greece, the clearest official admission yet that the international bailout and austerity plan agreed to last year to r estore confidence in the country is failing. German Finance Minister Wolfgang Schaeuble said in parliament that his government could back more aid if Greece continues to find it impossible to raise funds by selling bonds. ___ L ONDON Stocks fell as investors worried about the state of the global economy and whether Greece's debt crisis will hurt t he rest of Europe's financial sector. The FTSE 100 index of leading British shares closed down 0.5 percent while Germany's DAX fell 0.7 percent. The CAC-40 in France ended 0.9 percent lower. ___ TOKYO Earlier in Asia, Japan's Nikkei 225 index sank 1.5 p ercent. South Korea's Kospi slid 2 percent, and Hong Kong's Hang Seng lost 0.9 percent. Australia's S&P/ASX 200 was off1.8 percent. The benchmark Shanghai Composite Index lost 1.4 percent t o 2,844.08, and the Shenzhen Composite Index of China's smaller, second exchange fell 1.4 percent to 1,194.88. __ BEIJING China ordered most of its banks to increase the amount of money they hold in reserves in a new move to curb i nflation after higher-than-expected price rises in April. __ LONDON British manufacturing rose 0.2 percent in M arch but a weak performance by the broader industrial sector raised fears that its rebound was running out of steam, according to official data. T he Office for National Statistics said output of all product ion industries, which includes mining, quarrying and oil production, rose by 0.3 percent during March but just 0.2 percent for the whole first quarter. __ BRUSSELS A European Union official says that the a verage interest rate for Portugal's bailout loans will be 5.7 perc ent lower than what Ireland has to pay, but above Greece's rate. ___ FRANKFURT, Germany The International Monetary Fund is urging Europe to push shaky banks to strengthen theirf inances as the best way to keep the debt crisis in Greece, Portugal and Ireland from hitting a growing eurozone economy. ___ TALLINN, Estonia Economic growth in Estonia, the euro area's newest member, powered ahead at a 2.1 percent rate in the first quarter from the previous three-month period, led b y strong exports, the nation's statistics agency said. ___ CANBERRA, Australia Australia and India committed to doubling the value of trade between the two countries with in five years to 40 billion Australian dollars ($42 billion k icked off talks on a bilateral free trade deal. GLOBAL ECONOMIC NEWS JUERGEN BAETZ, A ssociated Press BERLIN Germany has signaled it could back more help for struggling Greece, the clearest official admission yet that the inter national bailout and austerity plan agreed last year to restore confidence in the country is failing. German Finance Minister Wolfgang Schaeuble said Thursday in parliament that his government could back more aid if Greece continues to find it impossible to raise funds by selling bonds. S chaeuble insisted that any further assistance must be tied to tough terms, arguing it is up to the Greeks to solve their underlying budgetary and struc tural problems: "We won't approve additional measures without clear conditions." Germany is Europe's biggest e conomy and is a central, though sometimes reluctant, player in resolving the debt cri sis. Its economy is growing strongly due to strong exports and painful labor market reforms made years ago, and many people there resent having to bail out Greece's freespending ways from the past decade. EU officials have indi cated more help will be needed to help Greece honor its debts beyond 2013, when the current bailout program expires. They have not said publicly how much extra money Greece might need, but hinted that the eurozone's 17 finance ministers are likely to make a broad announcement on potential new measures after their meeting in Brussels on Monday. The final details, however, will have to wait for a report by debt inspectors in Athens. The International Monetary Fund, the European Central Bank and the European Commission are currently evaluating Greece's progress on the terms of its euro110 billion ($158 billion) bailout that saved it from bankruptcy. They will decide on whether to release the next round of funds and their report, due next month, will estimate Greece's funding shortfall next year. "If it appears that Greece cannot return to the financial markets within the time frame assumed last year, then we have to talk about what additional measures Greece, first and foremost, can take, what can be done in addition to solve the problem," Schaueble said. Greece's crisis is the result of years of inept governance, widespread corruption and waste that created bloated bud-g et deficits and a public debt amounting to about 150 percent of economic output. Despite drastic spending cuts already implemented with reductions to pensions and salaries accompanied by an increase in taxes and retirement ages investors still don't trust Greece to repay all its debts. As a result, its borrowing rates are prohibitively high, freezing it out of bond markets. If that situation continues, Greece would need more help. It is supposed to raise some euro27 billion ($39 billion capital markets next year, but that seems unlikely. Greece badly needs eco nomic growth to support its debt reduction drive, but it is expected to remain in recession this year. Official data on Thursday showed unemployment rose to 15.9 percent in February from 15.1 percent in January. Economists say Greece has so much debt that it m ay have to restructure it give investors new bonds pay them less or later, so that the value of the debt is reduced. A top European Central Bank official said Thursday however that that is a bad idea. Jose Manuel GonzalezParamo, a member of the bank's six-member executive council, says he's surprised by the ease with which people advocate restructuring. "I am rather surprised to see the flippancy with which some commentators recommend that the government of an advanced economy should infringe its legal and contractual obligations," Gonzalez-Paramo said," as though breaching the trust of investors and citizens were the simplest and least costly solution to the deeply-rooted structural problems in Greece." While debt restructuring is relatively common for devel oping countries, it would be entirely different for a rich country that is closely connected to other European economies through trade and financial ties, said GonzalezParamo. Greece's connections to other economies mean that trouble there could spread and cause trouble far beyond its borders, he said. The IMF warned that the rest of Europe needed to strengthen its banks to avoid the troubles in Greece and debt stricken Ireland and Portugal from spread ing through the financial sys tem. Many banks elsewhere in Europe hold bonds from the stricken countries, and have financial cushions considered too thin to absorb big losses on t hose bonds A top IMF official said Greece should be able to pay its debts with the help of reforms and the current bailout, but left the door open to changing that assessment after the review due in June. "We have to decide as we go along whether we are still confident the Greek debt is sus tainable or not and you can expect the fund, together withour European partners, to take a position on this in about a month's time," Antonio Borges, director of the IMF's European department, said at a news conference in Frankfurt. (AP Photo/Petros Giannakouris TIMESOFAUSTERITY: An empty travel agency with a banner promoting tourism, depicting the ancient statue of Diadumenos, right, in central Athens, Wednesday, April 20, 2011. Nearly a year after Greece was rescued from bankruptcy by an international bailout, the country's businesses are reeling from stringent austerity measures imposed as a means to pull the economy out of its debt hole. As Greeks see their disp osable income shrink, the National Confederation of Hellenic Commerce says 65,000 small and medium-sized enterprises shut down last year. GABRIELE STEINHAUSER, AP Business Writer BRUSSELS Portugal will have to pay an average interest rate of 5.7 percent for its bailout loans from other eurozone countries and the European Union, an EU official said Thursday. That is lower than what Ireland has to pay, but above Greece's rate. The average maturity of the loans will be 7 1/2 years, in line with the programs of the other two bailed out countries, the official said. He was speaking on condition of anonymity because the deal has yet to be signed off by European finance ministers. Other eurozone countries and the EU will provide two thirds, or ?52 billion, of Portugal's ?78 billion loan package. The Washingtonbased International Monetary Fund is responsible for the remain der and said last week it would charge an interest rate of between 3.25 percent and 4.25 percent, depending on the maturity of the loans. The cost of rescue loans has been a hotly debated topic in Europe's debt crisis, not only because citizens and politicians in the bailed out countries have complained that they are being ripped off in difficult times, but also because economists have warned that the high rates might make it even more difficult to pay off massive debts. Eurozone leaders agreed in March to lower the interest rate they charge for emergency loans by one percentage point, and while that deal has not yet been implemented for the region's bailout fund, it was taken into account for Portugal's rescue. European interest rates for bailouts are determined by two fac tors: the rate the bailout fund has to pay when raising money in the market as well as a risk premium added by the fund. While the premium has been lowered for Portugal, the country's bailout comes at a time when market rates have been going up. That's one of the reasons why the 5.7 percent rate still looks much higher than what Greece is being charged just above 4 percent, although that will likely also fluctuate because of market rates. EU officials said last November that Ireland's average interest rate would be around 5.8 percent for 7 1/2 years. However, because of the rising market rates, Ireland has actually been paying more, as much as 6.18 percent. The EU's Monetary Affairs Commissioner Olli Rehn said ear lier this week he expected eurozone states to lower the risk premium added to Ireland's loans "shortly" after Greece was already given a better deal in March. Germany could back more aid for Greece INTERN ATIONAL BUSINESS POR TUGAL BAILOUT INTEREST RATE BELOW IRELAND'S BAILOUT PACKAGE: Officials prepare to announced details of a bailout package being provided to Portugal, with right to left; Poul Thomson deputy director of the International Monetary Fund European depart ment, Juergen Kroeger representative of the European Commission, and Rasmus Ruffer, of the European Central Bank, as they arrive for a joint news conference Thursday, May 5, 2011 in Lisbon.
B USINESS PAGE 8B, FRIDAY, MAY 13, 2011 THE TRIBUNE NEW YORK The dollar fell against the euro Thursday, reversing gains it made earlier in the day, after the government released consumer spending and jobs data that painted a mixed picture of the economy. The euro rose to $1.4231 late Thursday from $1.4196 Wednesday. The euro had fallen to as low as $1.4121 earlier in the trading day after a German finance minister said that his government could back more aid to Greece. Greece received a hefty bailout last year. In the U.S., the Labor Department said applications for unemployment benefits fell last week to 434,000, after surg ing the previous week. Economists expected a bigger drop in claims. Meanwhile, the Commerce Department said higher gas prices boosted retail sales 0.5 percent in April. It's the 1 0th straight month of gains. Excluding gas station sales, the increase was only 0.2 percent. And the Labor Department said Thursday that the Producer Price Index rose 0.8 percent last month, mostly because of an increase in energy prices. It's the seventh month in a row that companies had to pay more for raw materials. In other trading Thursday, the British pound fell to $1.6286 from $1.6343 Wednesday. The dollar fell to 80.91 Japanese yen from 80.97 Japanese yen, and fell to 0.8851 Swiss franc from 0.8880 Swiss franc. The dollar rose to 96.32 Canadian cents from 96.15 Canadian cents. The U.S. dollar was mixed against other currencies around the world, rising against the cur rencies in South Korea, Australia and Brazil. CHRISTOPHER S. RUGABER, AP Economics Writers MARTIN CRUTSINGER, AP Economics Writers WASHINGTON Consumers spent more in April, but most of their money went to pay higher food and gas prices. The rising cost of basic necessities is threatening to slow economic growth in the coming months. But hiring gains are the best in five years, commodity prices are easing, and gas prices could follow in the weeks ahead. Economists say the stronger job market will offset the impact of inflation and drive the economy in the second half of the year. "If this is the full hit from the rise in gas prices, it is no big deal," said Ian Shepherdson, chief U.S. economist for High Frequency Economics. More expensive gas boosted retail sales 0.5 percent in April, the 10th straight month of gains. But excluding gas station sales, the increase was only 0.2 percent, the Commerce Department said Thursday. Companies also paid more for raw materials and factory goods in April, mostly because energy prices jumped for the seventh straight month. The Labor Department said its producer price index, which measures price changes before they reach the consumer, rose 0.7 percent. But after taking out volatile food and energy categories, core wholesale prices increased only 0.3 percent, the same gain as the previous month. Fuel prices have been surging in recent months. The nation wide average for gas has hovered slightly below $4 per gallon. Economists are worried that higher fuel costs will leave motorists with less money to spend on other discretionary goods. That would slow economic growth. Consumers are paying more for food, too. Grocery stores sales jumped 1.5 percent, according to the retail sales data. That's triple the March increase and a reflection of higher prices. But commodity prices have dropped in recent days, hinting that inflationary pressures could cool in the coming months. Oil prices ticked up slightly Thurs day to near $99 a barrel. But that's still down from nearly $114 a barrel last week. Corn prices fell sharply Wednesday and have been little changed on Thursday. Paul Dales, an economist at Capital Economics, said higher energy and agricultural commodity prices could push the 12-month increase in wholesale prices to 8 percent in the com ing months. But it would likely be a temporary spike. "With commodity prices now falling, both producer and consumer price inflation are likely to drop sharply in the second half of the year," Dales said. The retail sales data wasn't all bad. While April marked the smallest increase in nine months, the government did revise the previous two months to show stronger sales gains in March and February. And the government report was at odds with sales data from 28 of the nation's biggest retail chains. The International Council of Shopping Centers said those retailers enjoyed strong sales last month. And over the past two months, they saw sales rise 5.25 percent com pared to the same period a year ago. That's the strongest spring since 1999. Many economists say a brighter outlook for hiring should blunt the impact of inflation. Companies have added an average of 250,000 jobs a month in the past three months, the biggest hiring spree in five years. The unemployment rate has dropped nearly a full per centage point since November. Americans are growing more optimistic about the U.S. economy. An Associated Press-GfK poll shows that more than 2 out of 5 people believe the U.S. economy will get better, while a third think it will stay the same and nearly a fourth think it will get worse. That's a rebound from last month's more pes simistic attitude. JEANNINE AVERSA, AP Economics Writer WASHINGTON Federal Reserve Chairman Ben Bernanke and other regulators gave Congress an update Thursday on their efforts to implement the biggest overhaul of America's financial rules since the Great Depression. In testimony to the Senate Banking Committee, Bernanke said the Fed will unveil new regulations this summer that would protect the U.S. economy from another meltdown of the nation's largest banks and financial companies. Congress directed the Fed to write the rules when it passed last year's financial regulatory overhaul. The law aims to prevent another financial crisis like the one in 2008 that plunged the U.S. economy deeper into recession. The rules will require big b anks and others, such as Wall Street firms, hedge funds and insurance companies, whose failure could endanger the economy, to be subject to more strict requirements for the amount of capital and cash they must have on hand to cushion against potential losses if anoth-e r financial crisis were to strike. "Our goal is to produce a well-integrated set of rules that meaningfully reduces the probability of failure of our largest, most complex financial firms, and that minimizes the losses to the financial system and the economy if such a firm should fail," Bernanke said in the testimony. The Fed will allow the public, banks and other inter ested parties to comment on the proposed regulations before implementing them in January 2012. Bernanke also acknowledged that some small banks could be hurt if regulators allow them to charge more than big banks for processing debt card transactions. The higher fees, paid by retailers each time Americans swipe their cards, could make debit cards issued by smaller banks less attractive to merchants. "There's good reason to be concerned about it," Bernanke said. It could result in some smaller banks "being less profitable or even failing," he said. Currently, the fees typically range between 1 and 2 percent of each purchase, aver aging 44 cents. The Fed has proposed capping that at 12 cents, though smaller banks could charge more. Bankers want lawmakers to delay the change in hopes that it will eventually be killed or toned down. Separately, Bernanke and Neal Wolin, the Treasury Department's No. 2 official, urged Congress to raise the $14.3 trillion limit on the United States' borrowing authority. "Using the debt limit as a bargaining chip is quite risky," Bernanke said. Republicans in Congress want cuts in federal spending in exchange for any increase in the government's borrowing authority. Failing to raise the limit would cause interest rates on mortgages and other consumer loans to rise, rattle financial markets and hurt the economy, he said. Wolin said it would be "unthinkable." (AP Photo/J. Scott Applewhite/File T ESTIMONY: I n a Feb. 17, 2011 file photo Federal Reserve Chairman Ben Bernanke testifies on Capitol Hill in Washington, before the Senate Banking Committee. Bernanke and other regulators are updating Congress about their efforts to carry out the biggest overhaul of the nations financial rules since the Great Depression. Regulators update Congress on huge financial overhaul Job gains should offset higher gas and food prices (AP Photo/Elaine Thompson, file FILLING UP: In this April 26, 2011 photo, Vu To finishes filling his gas tank at a Shell gas station in the Seattle suburb of Bellevue, Wash. Americans saw their incomes rise in March and this spurred higher spending. But much of the extra money went to pay for more costly gasoline. business BRIEF DOLLAR SLIPS AGAINST EURO ON ECONOMIC REPORTS
By BRENT STUBBS S enior Sports Reporter firstname.lastname@example.org T he initial a ppearance in D aegu, South Korea, turned o ut to be a very successful one for both triplej umper Leevan Superman S ands and quarter-miler R amon Miller. The duo were the only Bahamians to test the facilit ies that will host the 2011 IAAF World Championships in August. The stadium thatw as completed in May, 2001, is the largest stadium in Korea with a seating capacity of more than 66,400. Before a near capacity c rowd on hand at the Daegu Pre-Championships Meeting y esterday, Sands soared to a second place finish in his signature event and Miller opened his international camp aign with a fourth palce in his specialty. Hometown favourite D eokhyeon Kim took advan tage of the crowd support to surge on top of the field int he triple jump with a leap of 1 6.99 metres or 55-feet, 9inches. But Sands was not too far b ehind with his best mark of 16.97m (55-8 1/4 as that of Cuban Alexis Copello, who had to settle for third. Sands had a wind-aided 17.39m (57-0 3/4 h ave put him on top of the IAAF world performance chart. But instead, he has thes ixth best legal mark of 17.09m (56-1 Teddy Tamgho of France has the world leading mark of 17.49m (57-4 3/4 Copello is second with 17.27m( 56-8). Kims winning feat yesterday has him in eighth p lace. Meanwhile, Miller ran 45.57 for his fourth in the mens 400. The race was won by Yuzo Kanemaru of Japan in 45.23. Americans David Neville (45.24 (45.36 third respectively. With his performance, Miller now joins Grand Bahamian collegian Demetrius Pinder and Chris Bay Brown among the lead ers on the IAAF standings. Pinder, the national champion, currently has the fifth best time of 45.06 with Brown holding onto the 11th spot at 45.37. Miller is now pegged at No.17. The next Bahamian on the 400 list is Grand Bahamian Michael Mathieu with 45.69 at No.25. So far, Pinder is the only Bahamian this year to surpass the A qualifying standards of FRIDAY, MAY 13, 2011 THETRIBUNE SECTIONE INSIDE International sports news Steak-out in support of Sumners medical expenses S ee page 3e By BRENT STUBBS Senior Sports Reporter email@example.com WITH this possibly being the final event that he will get to compete in at the Thomas A Robinson Track and Field Stadium, sprinter Adrian Griffith is hoping to have a fantastic showing this weekend. Griffith is one of the elite athletes in town to compete in the Ambassadors Athletic Clubs fourth annu al Floridas Natural Fritz Grant Invitational that starts tonight and wraps up on Saturday. I just want to come out here and have some fun, said Griffith at a light workout session yesterday. This will be my fourth year coming here. I have the meet record, but I would be satisfied with just getting the W (win) and run a PB (personal best). Coming into the meet, Griffith has competed in two meets so far this year, running a wind-aided 10.16 and a legal 10.3 at the Penn Relays after he stumbled coming out of the box. This is home. This is my track and this is what I come to do, sup port Mr Grant, said Griffith, the national 100m champion who is coached by honouree Grant whenever hes home. He has always supported me, so I always look forward to coming home and putting on a show. With a personal best of 10.19, Griffith holds the meet record at 10.29 and he will be going after his fourth straight victory. His only defeat came in his first appearance against Jamaican Loran Clarke. While Griffith indicated that he would like to have a rematch with Clarke, he is expected to have his hands full with visually-impaired Irish Paralympian Jason Smyth. This is my track and hes coming on my territory, said Griffith of the much-anticipated match-up. Im going to teach him a lesson. Hes a cool guy off the track, but this is my home meet and Im here to do my thing. Griffith said the invitational has always proven to be a well-organ ised event and he thanked Bernard Newbold and Grant for ensuring that it lives up to its billing. This years meet is expected to be one of the final major events to be staged on the current stadium with the new national stadium expected to be completed by June and the BAAA Nationals being moved to Grand Bahama. This will be a chance for me to make a statement because this will be the last time that I will get to compete in an event on this track, Griffith said. We are going to Freeport for the Nationals, which should be really great because I heard they have a fast track and everything is nice over there. I just hope they can let us know in advance if its definitely going to be there because this is May and the meet is in June, he said. With this being a banner year for athletics, Grant is anticipating breaking the 10-second barrier this year as he goes on to compete at the IAAF World Championships and Pan American Games in August and October respectively. Im not at a peak in age. Im still young and my body is still learning how to sprint. Now Im understanding what its all about to compete in the event. So Im just going to go out there and do what I have to do, he said. With national record holder Der rick Atkins the only Bahamian to run under 10 seconds, Griffith feels that this should be his year to join the elite field that will help him to be a contender for an international medal. Its all about having that base and understanding how technical the 100 metres is, Griffith said. You Gr if f ith hoping for fantastic showing at Fritz Grant invite S S E E E E p p a a g g e e 3 3 E E S S E E E E p p a a g g e e 3 3 E E ADRIAN GRIFFITH Daegu Pre-Championships Meeting... A second for Superman T T R R A A C C K K & & F F I I E E L L D D Quarter-miler Ramon Miller finishes fourth in the 400 RAMON MILLER (file photo LEEVAN SANDS (file photo
cant gas out a whole 100 metres. Nobody runs a per f ect 100 metres. You just have to understand the different phrases. Once you understand that, t he race becomes easy. That is why Bolt and Tyson Gay have ran the race so easy. They understand the technical side of the race. While his focus is on run ning the 100 this year, Grif-f ith said he would like to see the Bahamas contest the mens 4 x 100 relay at thei nternational meets this year. The word is that they dont have any faith in the mens 4 x 100 qualifying, which I dont think is right, he said. We went to Com monwealth and ran with an okay team and still ran 39.25 and the qualifying time was 39.2. A lot of the guys are step ping it up, so I know we are capable of running 38. Come on, Japan ran 38 at the last Worlds and they got the b ronze. Im sure we could beat Japan. We just need the right coach and the time top ut into it, said Griffith. High jumper Trevor Barry said if the invitational this weekend is the final event tob e staged in the current sta dium, he is looking forward to having a great time. Conditions The conditions doesnt c hange much, he stated. I would really like the nationals to be staged here, butF reeport is just as nice. So its good that they will get an opportunity to watch us compete at the Nationals. By BRENT STUBBS Senior Sports Reporter firstname.lastname@example.org IF you attended local baseball and softball games during the glory days up to the 1980s,you would remember the name Robert Sumner. Affectionately called Bob, Sumner was a fixture i n the scorers booth where h e served diligently as the c hief statistician for both the B ahamas Baseball Associat ion at the Andre Rodgers B aseball Stadium and the New Providence Softball A ssociation at the John F Kennedy Drive Park and initially at the Churchill Tener Knowles National Stadium. As a young reporter on the beat, I remember many nights attending those games and sitting up in the scorers booth, only to be instructed by Sum-ner whom, in my estimation, could be considered the best statistician that I came in contact with. Sumner wasnt just a statis tician for the league but he taught me, and Im sure the countless other reporters who attended the games, how to properly score a game. Not only did we get lessons in scoring, we also received the tips on how to compile the box scores, a stat that is no longer a common place on our sports pages. These days, Sumner is in dire need of support from the many people whose lives he touched from the scorers booth. His wife, Naomi, has indicated that while her husband is still actively working and doing all of his regular chores, except scoring a baseball or softball game, he has incurreda hefty medical bill after he was diagnosed with cancer. She noted that while they h ave established a medical fund, his family and friends w ill be hosting a steak-out to assist with his medical expense s. T he steak-out is scheduled f or 1pm Saturday, June 3, at t he Holy Cross Anglican Church in Highbury Park. Interested persons can con tact Naomi at 434-6888 or 362-2273 or his daughter Orduna at 392-3486. O ver the years that Ive known him at the ball park, S umner did his job with a lot of class. He was never one to g et into any fuss or argument w ith a manager, coach, player o r fan over a hit, error or run. F or those of us who benefited, this is a good time to show our gratitude and appreciation by lending our support in helping Sumner through this difficult period i n his life. Lets give him our contrib utions while he can appreciate it. Im sure he will thank y ou for it, just as you thanked h im for providing such accu r ate stats over the many years i n the scorers booth. L OCAL SPORTS T RIBUNE SPORTS FRIDAY, MAY 13, 2011, PAGE 3E S S O O F F T T B B A A L L L L G G B B D D S S A A A A C C T T I I O O N N THE Bahamas Government Departmental Softball Association is scheduled to resume its 2011 regular season action at the Baillou Hills Sporting Complex this weekend. The following games are all set: S S a a t t u u r r d d a a y y s s s s c c h h e e d d u u l l e e N N o o r r t t h h f f i i e e l l d d 1pm CAD Nailers vs US Embassy Diplomats (flip 2pm Defence Force Floaters vs Sandilands Shredders (flip 3:45m Defence Force Cannons vs BTC Lasers (Game 2 5pm Police Chefs vs Customs Tax men (flip S S o o u u t t h h F F i i e e l l d d 2:15pm BPSU Strikers vs Police Sup porters (LGame 2 3:45pm Police Interceptors vs PHA Injectors No.1 S S u u n n d d a a y y s s s s c c h h e e d d u u l l e e N N o o r r t t h h f f i i e e l l d d 2pm Defence Force Floaters vs Embassy Diplomats (flip 3:30pm CAD Nailers vs Sandilands (flip 5pm Finance Invaders vs BPSU Strikers (LGame two S S o o u u t t h h f f i i e e l l d d 2pm BTC Lasers vs PHA Injectors (Game 1 3:30pm Police Supporters vs Police Royals (LGame one 5pm Police Chefs vs Prison Chal lengers (flip S S O O F F T T B B A A L L L L B B A A N N K K E E R R S S S S O O F F T T B B A A L L L L R R E E S S U U L L T T S S THE Bankers Softball League con tinued its regular season action Wednes day with Scotiabank holding off Citibank 10-9 as Lester Dean got the win on the mound over Tim Sawyer. Godfrey Burnside Jr went 4-for-4 with a run batted in for the winners. Felipe Sweeting went 3-for-4 in the loss. S S a a t t u u r r d d a a y y s s s s c c h h e e d d u u l l e e 10:30am FCIB vs Citibank Noon BAF vs CMC 1:30pm RBC vs Colina 3pm Scotia vs BOB B B A A S S K K E E T T B B A A L L L L N N I I A A G G A A R R A A C C O O L L L L E E G G E E V V I I S S I I T T THE Niagara College out of Canada is slated to hold a recruitment session for basketball players interested in attending the school 6:30pm today at the New Providence Community Centre, Blake Road. The session will be conducted by coach Geno Bullard, an international recruitment officer, head coach of the West minster Diplomats basketball teams and founder of the No Bull Basketball Club. T T E E N N N N I I S S F F A A M M I I L L Y Y F F U U N N D D A A Y Y THE Brajaxaba Family Fun Day starts with a free clinic 9-11am at the National Tennis Center. Interested persons who want to learn to play the game are invit ed to come. Marion Bain, one of the organisers of the event, assured the public that there is no need to worry if they dont have a racket. Just show up in your sporting gear and they will take care of you. The Family Doubles is set to start at noon. A A T T H H L L E E T T I I C C S S C C O O B B G G R R A A D D U U A A T T E E S S R R U U N N / / W W A A L L K K THE College of the Bahamas graduating class of 2011 is set to hold a fun run/walk race starting 6am Saturday at Chapter One Bookstore, Thompson Boulevard. The race, which has an entrance fee of $10 for pre-registration all day today and $12 on Saturday, will travel west on Thompson Boulevard to the new sixlane round-a-bout, head north to Saun ders Beach on to Bay Street, east on Bay Street to Nassau Street, south on Nassau Street to Thompson Boulevard and end up in front of Chapter One Bookstore. Prizes will be presented to the first three finishers. T-shirts will be provid ed to all participants. For more information, persons can contact Sonia Forbes at 302-4577 or Bradley Cooper at 302-4592. S S P P O O R R T T S S I I N N B B R R I I E E F F P REPARATIONS are underway for the Chamcem Boats Budweisers 7th Annual All Tackle Fishing Tournament to be held at the Flying Fish Marina in Clarence T own, Long Island, May 2 6. The three-day tournament features two winning categories the Greatest Combined Weight (over the 3 dayp eriod) and the Single L ongest Fish with cash p rizes presented to all winners. O rganisers anticipate some 50-60 anglers fishing in 10-15 b oats, but registration is ongoing and being updated daily. With DJ music and crowds g alore, you cant help but have an amazing experience.O f course, for the crowd that g athers to see the big catch o f the day, the nightly sponsor t rivia with free giveaways is always a highlight. You just n ever know what youll get T-shirts, mugs, caps, pens and other goodies from sponsorsl ike Panama Jack, Coca Cola, Budweiser, theres something for everyone, said a press release. Booths will be set up to highlight local artisans featuring straw work, jewellery,a nd crafts. Of course fresh conch salad, daiquiris, iced coffees, and baked goods will be on sale or you can visit the Outer Edge Grill for down h ome cooking. For the kids, an Ocean Miss ion is being offered that will feature a cruise around the Clarence Town harbor 10amS aturday, May 28, identifying marine and ocean species, with environmental awareness being a major part of thist our. New this year, in the afternoon is a Kids Fishing On Da D ock with a cash prize for the largest fish. There is an entry fee. Once again the Guy Harv ey auction will run on Sat urday evening prior to the awards ceremony featuringG uy Harvey T-shirts, prints and other goodies donated to this event, said the release. With 100 Jamz on site, and DJ AC providing live updates, this is an event to get hooked to. As a prelude to t he Long Island regatta, make i t a homecoming and enjoy Long Island at its best. With the major sponsor this year being Budweiser, Bud Light and Ron Ricardo, a good time is ensured for all, anglers, sponsors and spectators alike. 7th Annual All Tackle Fishing Tourney in Long Island Steak-out in support of statistician Sumners medical expenses ROBERT SUMNER is in dire need of financial support after being diagnosed with cancer. Saturday, June 3, at Holy Cross Anglican Church in Highbury Park Griffith hoping for a fantastic showing at Fritz Grant invite F F R R O O M M p p a a g g e e 1 1 E E 45.25 for the 400 for the World Championships that will be held in Daegu in August. But with the Bahamas Association of Athletic Associations National Championships scheduled to be staged in Grand Bahama in June, expect for the mens 400 once again to be one of the top events. A 2nd for Leevan Superman Sands F F R R O O M M p p a a g g e e 1 1 E E LEEVAN SANDS with Jesse Jackson in Daegu, South Korea. LEEVAN (far left on the medal podium.