Citation
The Tribune.

Material Information

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

Subjects

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

Notes

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

Record Information

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

Downloads

This item has the following downloads:


Full Text
eT

Pus ‘VN

OF THE DAY itn towin’ it

SOF
TTF

SUNNY,
xv FSTORM

Volume: 106 No.254

HIGH
LOW



én” [Customs
Customs A KS Soli Soe
i ws Hilto

OTC

BAHAMAS EDITION

www.tribune242.com

FRIDAY, SEPTEMBER 24, 2010

The Tribune

THE PEOPLE’S PAPER — BIGGEST AND BEST



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



ulraye over ne
lowniown shooting

Concerns raised after
man dies in hospital

By AVA TURNQUEST
Tribune Staff Reporter
aturnquest@tribunemedia.net

TOURISTS, vendors and
other locals on Bay Street stood
in shock after a patrol officer
shot and killed a man police
claim had been armed with a
boxcutter.

Meanwhile, outraged eyewit-
nesses claim the shooting was
unwarranted.

Concerns were also raised at
the scene about the timeliness of
emergency medical services that
took the injured man to hospital
where he was pronounced dead.

According to the police report

by Assistant Commissioner of
Police Glenn Miller, the incident
began when a female officer saw
a man hanging around in the
area of the Colony Place building
on Bay Street.

Unsatisfied with the man’s
reasoning for being there, the
officer reportedly asked him to
leave the area. As he was leaving,
police report, the man and the
officer had a verbal exchange
that continued as he was crossing
the street into the George Street
area.

Mr Miller explained it was at
that time that a male police offi-

SEE page nine

Families ‘denied right to know
how serial killer’s victims died’

By MEGAN REYNOLDS
Tribune Staff Reporter
mreynolds@tribunemedia.net

THE families of four young victims of a serial killer have been
denied the right to know how their loved ones died, it was claimed
last night.

Criticism soon followed as sadistic Cordell Farrington pleaded
not guilty to murder but guilty to manslaughter in the Supreme
Court yesterday.

As his pleas in relation to the murders of Mackinson Colas, 12,
Junior Reme, 11, Deangelo McKenzie, 13, and Desmond Rolle, 14,
were accepted by Crown Prosecutor Neil Braithwaite, it stung
the hearts of those whose children’s lives were violently taken

SEE page eight

eS ee ee



rh

“Hh Ea ws nen

Sh es =e
wee

SMOKE CLOUDS: The former Princess Tower Hotel.

A CLOUD of black
smoke could be seen bil-
lowing from several floors
of the former Princess
Tower Hotel on Thursday
as firemen fought for
hours to extinguish flames
at the 900-room resort
property.

Several fire units were
dispatched to the aban-
doned building shortly
after 1pm, including fire-
men from the Grand
Bahama International
Airport.

ASP Hector Delva

reported that flames were
confined to the fourth,
fifth, sixth, and seventh
floors on the northern sec-
tion of the tower.

No one was hurt.

The cause of the fire
is not known and police
are investigating the
matter.

The Royal Oasis Resort
closed in 2004 after sus-
taining severe hurricane
damage.

The property was
acquired two years ago by
the Harcourt Group.



Photo/Dave Mackey





Five cases of
dengue fever,
20 suspected

HEALTH officials are warning
the public to avoid being bitten by
mosquitos as there have been five
confirmed cases of dengue fever in
the Bahamas and another 20 sus-
pected cases.

In a statement issued yesterday,
the Department of Public Health
urged persons to wear protective
clothing and apply insect repellent to
exposed areas; use safe household
insecticides indoors; maintain the
integrity of window and door
screens; and remove all possible sites
where mosquitos can breed in stand-
ing water. These include old tyres,
flower vases, planters and garbage

SEE page nine

Photo/Malcolm Davis

LATEST HOMICIDE PROMPTS CONCERNS
OVER LIQUOR STORES AND BARS

By AVA TURNQUEST
Tribune Staff Reporter

aturnquest@tribunemedia.net

FED UP with the “sense-
less crime” that they feel has
permeated communities
across the capital, pastors,
business owners and con-
cerned residents met at the

largely due to the volume and
proximity of liquor stores and
bars in residential areas.

The area was reported by
the community leaders to
have at least 15 bars, but not
one community centre or
park.

Bishop Simeon Hall said:
“Somebody should take

scene of the latest homicide

to call attention to the deteri-

oration of social values.
Deterioration they feel is

WARNING FOR PARENTS AFTER POPULAR
BRAND OF BABY FORMULA RECALLED

By ALISON LOWE
Tribune Staff Reporter
alowe@tribunemedia.net

responsibility for these liquor
outlets. We need community

SEE page nine

PARENTS are being warned that millions of cans of a popular
brand of baby formula have been recalled over fears they may con-
tain small beetles or larvae that will irritate babies’ digestive tract.

Nassau Agencies Ltd, the sole distributor for Similac baby prod-
ucts in The Bahamas, yesterday notified City Market, Super Val-
ue, Lowe’s Pharmacy and the dozens of other foodstores and
pharmacies it supplies with Similac goods that they should

SEE page nine

ntague

MOTORS LTD.



NASSAUSVAND BAHAVIACISTEANDS] DEADING NEWSPAPER



PAGE 2, FRIDAY, SEPTEMBER 24, 2010

THE TRIBUNE



LOCAL NEWS

FNM accuses PLP of seeking to
‘score political brownie points’

The FNM has accused the PLP of
seeking to “score political brownie
points” by opposing government
plans to allow 200 Chinese workers
come to New Providence to help
build a new highway.

Carl Bethel, FNM chairman, sug-
gested that in opposing in parliament
a resolution secking approval to get
almost $60 million in funding from
China for the “airport gateway pro-
ject” and the 200 Chinese workers
that would come with it, the PLP is

a clear eye to the next general elec-
tion.”

“The PLP are not worried about
the high level of debt or the Chinese
loan, they are worried about one
thing alone: putting themselves in
best position to fight the next elec-
tion. In the process they are forget-
ting their own record and praying to
God that the Bahamian people will
forget their own track record. It is
the essence of political hypocrisy,”
claimed Mr Bethel.

tracts which allowed for numerous
foreign workers to enter the coun-
try — such as the National Stadium
being built by the Chinese which
does not have a Bahamian labour
component at present, or the TG
Glover school which was partly built
by Chinese workers employed by a
private Bahamian contractor and
paid for with public funds.
Meanwhile, in relation to the road
project — which will see 6.2 miles of
John F Kennedy Drive “dualised”

transportation between the airport
and downtown — the PLP is seeing
“the doughnut rather than the hole.”

“In our view the PLP are looking
at one element and don’t see the oth-
er element, where any number of
Bahamian companies will be hired
for landscaping, roadworks, trans-
portation of materials, bulldozing,
grading, clearing, surfacing ... there
are millions and millions in this con-
tract that will go directly to Bahami-
an contractors or Bahamian subcon-

engaged in “political pandering, with

TRS ETH ts

SAVE anti-crime rally




URGING students to keep
violence out of their schools
this year, Minister of Nation-
al Security Tommy Turn-
quest yesterday appealed to
the participants of the Third
Annual Students Against
Violence Everywhere
(SAVE) back-to-school anti-
crime rally to live according
to the event’s motto — “to
stop, think, act.”

Mr Turnquest’s appeal
comes just as New Provi-
dence has experienced sev-
eral eruptions of violence
amongst school children,
some resulting in students
being stabbed and one inci-
dent where a 13-year-old boy
was shot in the head.

The minister said that if
students stop and think
before they act, they will ulti-
mately help to “take the
spotlight off that very small
number of young people,
particularly young men, who
kill without regard for human
life, who rob and steal using
illegal guns, who break into

people’s homes and steal
their cars, who traffic in
drugs and abuse drugs, and
who end up before our courts
and in our prisons.”

Mr Turnquest told the hun-
dreds of students gathered at
the Church of God Audito-
rium on Joe Farrington Road
that the rally is a significant
event for the Ministry of
National Security and Her
Majesty’s Prison, and it is
held early in the new school
year for a particular reason.

“As you begin your studies
each year, we want to ask
you, our young people, to
make a commitment to do
your part to keep violence
out of our schools, off our
streets, and out of our com-
munities, and for you to
encourage your friends to do
the same,” he said.

The minister said that this
year’s rally theme should
guide students and point
them in the right direction.

“This year’s theme presses
you to ‘stop, think, act’. I

He said the PLP also signed con-

into a four lane carriageway easing

tractors,” he said.

NURS

APPEAL: Minister of National Security Tommy Turnquest speaks to participants of the Third Annual Stu-
dents Against Violence Everywhere (SAVE) back-to-school anti-crime rally. He encouraged them to live
according to the event’s motto — “to stop, think, act.”

want all of you to memorise
this theme. Say it, silently or
out loud, when you find
yourself in arguments, or in
situations of confusion and
conflict; say it when you

Bahamasair & Sister Sister
Breast Cancer Support Group

Bayfront Park,
October 146th, 2010

PNiatclicm Air, Car FANlame@rls

!

ee \5th Annual
@ susanc.komen

face
-“CUre.

-

ei & Hotel

a perl |

"Tages Incluced

iami

Package

ae ale tt

Dove letaer

Present this Ad and Bahamasair will donate $10 to
The Bahamas Sister. Sister Breast Cancer Support Group.

bahamas

We doc’ put ty here. Wee lve here

FOR THE CURES

DOMEM Ad RATHON

HEAN G.

“Pockoges Available Only at Bahomasair, Ticket toes included, based on dowhhe occupancy



become angry and short of
patience.

“If you stop and think
before you act, you would
be less likely to act in a way
that will harm or disadvan-
tage you or others, or that
may jeopardise your future.
“You will remain focused
on preventing crime and
promoting safety, and on
avoiding wrong-doing, crime

and criminality,” he told the
students.

“If you stop and think
before you act, you will
know when opportunities
come along for you to make
a positive difference in your
school and in your commu-
nity, and to be a true and
trusted friend or role model
to your schoolmates and
others.”

Workers allowed
to go home after
air conditioning
problems

By ALISON LOWE
Tribune Staff Reporter
alowe@tribunemedia.net

A GROUP of Environ-
mental Health Services
workers were told they
could go home yesterday
after complaints that tem-
peratures in their office
sky-rocketed due to a bro-
ken air conditioning sys-
tem.

Director of the Depart-
ment, Melanie McKenzie,
said that “10 to 15”
employees were allowed to
leave in the mid-afternoon.
A worker pegged the fig-
ure closer to 30.

In response to claims
that the problem was a
long-standing one for
employees, Ms McKenzie
said that management at
the department’s office on
Farrington Road, opposite
PLP headquarters, have
experienced problems get-
ting the malfunctioning air
conditioner repaired.

“Tm as perplexed as
everyone else as to why it
can’t get done,” she said.

She said workers are
never forced to work in
“unbearable” conditions
and employees were
allowed to “go home early
so that they weren’t
uncomfortable.”

An employee who spoke
with The Tribune on con-
dition of anonymity said
that conditions in the office
were “very hot.”

“You can’t work if it’s
hot. You can’t focus, con-
centrate, write documents,
do the necessary appropri-

ate research ... the envi-
ronment is not conducive
to working.”

“It’s been like this on
and off for two years,” he
claimed.

The employee added
that yesterday was not the
first time that workers
requested and were told
they could leave the office
due to the stifling heat.

“Whenever the com-
plaints get too much, it can
happen,” he said.

Govt to hold town meeting to
discuss the Land Adjudication Bill

THE government of the Bahamas will hold a town meeting on Tuesday, September 28,
2010 in the Windsor Room of the British Colonial Hilton at 7pm to discuss the Land

Adjudication Bill 2010.

The Minister of State for Lands and Local Government Byran Woodside will host the

meeting.

The Land Adjudication Bill 2010 provides for systematic adjudication of title to certain
lands within the Bahamas, the demarcation of boundaries and matters connected therewith.
The ministry said it encourages the public to take advantage of the opportunity to par-
ticipate in creating a legal framework for ownership and registration of land in the Bahamas,
including but not limited to generational land. A copy of the Land Adjudication Bill is avail-
able on the government’s website at www.bahamas.gov.bs under Bills, Laws and Act or

"What’s New’.

EVERY PURCHASE |S A
CHANCE TO WIN

& ENTER TO WIN ADDITIONAL PRIZES WNassall



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





THE TRIBUNE

FRIDAY, SEPTEMBER 24, 2010, PAGE 3



LOCAL NEWS



Appeal for lobhy
against dredging,
excavation and
development
at Bell Island

By MEGAN REYNOLDS
Tribune Staff Reporter
mreynolds@tribunemedia.net

CONSERVATIONISTS are
calling for Bahamians to lobby
against dredging, excavation
and development of Bell Island
in the Exuma Cays Land and
Sea Park as plans submitted by
owner the Aga Khan are con-
sidered by government.

But former Exuma councillor
Henry Rolle argues the devel-
opment should go ahead as it
could benefit employment-
starved residents of nearby
Black Point.

The controversial plans to
dredge 8.8 acres of sea bed for
two channels into an existing
barge landing and a 20-slip
yacht basin to be carved out of
an existing salt pond came to
light after Environment Minis-
ter Earl Deveaux admitted he
accepted a free ride in landown-
er Prince Karim Aga Khan IV’s
luxury helicopter to attend a
film screening in Abaco the day
before he went on to Bell
Island to do a land assessment.

Conservationists outraged by
the plans have cried shame on
the Bahamas National Trust
(BNT) as wardens of the
world’s oldest national park
and 176 square mile no-take
marine reserve for not stand-
ing in the way of development
on the 349-acre private island.

ReEarth founder Sam Dun-
combe said: “The Trust really
needs to be called out on this
one because this is such a fla-
grant disregard of what their
mandate is.

“Everyone in the Bahamas
is a member of the National
Trust and has a right to call the
BNT and basically tell them no
developing in the park.

“Tf we can’t protect the old-
est marine park in the world
what hope do we have for the
rest of the country?

“It’s a sad day in the
Bahamas when we have to pro-
tect the environment from it’s
so-called protectors. That’s a
really sad day.”

But the BNT maintains it has
no power over the development
of private islands in the park
by private landowners who are
known to make generous dona-
tions to the charity, meaning
the alleged $1 million donation
to the BNT from the Aga Khan
would not stray from the norm.

And development and
dredging has previously been
done at privately-owned islands
in the park such as Soldier Cay,
Cistern Cay, Halls Pond Cay
and Bell Island, which is pri-
vate property under the law
and not that of the Land and
Sea Park.

The multi-millionaire and bil-
lionaire owners of the islands
also provide an important
source of public revenue and
provide spin-off benefits for
nearby communities in Black
Point, Staniel Cay and Farm-
ers Cay, the BNT maintains.

Former Exuma chief coun-
cillor Henry Rolle, of Black
Point on Great Guana Cay 17
miles southeast of Bell Island,
said in the case of the latest
development at the 349-acre
island where building, excava-
tion and dredging had previ-
ously been done, the benefits
of development will outweigh
the environmental concerns.

“People in Exuma need
jobs,” Mr Rolle said.

“Black Point has one of the
largest populations and they
look forward to these opportu-
nities. Investors benefit the
whole community, and the spin-
off in reference to Bell island
could be good for them.

“My interest is to give the
people an opportunity, to give
the investors an opportunity,
so my people can have an
employment opportunity dur-
ing these tough times. If Bell
Island was the only area in the
park that was dredging and
excavating a marina I would
say ‘lets get them’ — but it’s
not.”

Rae
Nassau after stabbing

A 66-year-old man was air-
lifted to Nassau after he was
stabbed multiple times in an
altercation on Andros.

Police were first informed of
a stabbing at Cargill Creek,
Andros, at around 8.45pm on
Tuesday. According to reports,
the 66-year-old man was
stabbed after he and another
man got into a brawl.

The victim was taken to the
local clinic and later airlifted to
a hospital in New Providence.
Police are questioning a 15-
year-old boy of Cargill Creek in
connection with this incident.
Investigations continue.








Ministers pledge help to families |
of nine detained straw vendors

THE MINISTERS of Education, and
Labour and Social Development pledged
their assistance yesterday to the families
of the nine straw vendors currently being

held in the United States.

In a joint statement issued to the media
yesterday, Education Minister Desmond
Bannister and Labour Minister Dion
Foulkes said that their respective ministries
are in the process of providing help to the
families of the straw vendors here at home.

“The Ministry of Education will offer



Desmond
Bannister

support and counselling to the children of

straw vendors in the school system. The
Ministry will continue to monitor their well-
being during this difficult time for these

children and families.

“Senior officers from the Ministry of
Labour and Social Development are in the



process of visiting the families of the ven-
dors to see what assistance it may provide.
As the ministry is able to offer various
types and levels of assistance, it is deter-
mining what assistance may be needed by
the respective families,” the joint state-

Dion
Foulkes

ment read. Claiming that the PLP is “obvi- }
ously” more concerned about using the cir-
cumstances surrounding the arrest of nine }
straw vendors in the United States for polit- }
ical purposes, the ministers said that }
Bahamians in general are concerned about }
what appropriate assistance is being pro- }
vided to the vendors and their families. i

“The Ministry of Foreign Affairs through }
the Consulate General’s Office in New }
York continues to monitor the situation }
and provide various levels of assistance to }

the vendors.

“We urge others to be considerate and }
offer prayerful support to the families of the | lodged before the agency can
vendors.

“Our ministries will continue to work } . i
together to assist these Bahamian families } advised that there is a counter-

in need,” the statement read.

Call for clampdown on illegal soods before new market opens

ONE stakeholder in the
redevelopment of Bay Street
wants the sale of illegal goods in
the straw market wiped out
before vendors move into the
$12 million straw market, which
is still under construction.

Managing Director of the
Downtown Nassau Partnership
Vaughn Roberts said the crafts
and goods offered should
reflect the creativity and spirit
of the Bahamian people.

"The incident in New York
puts emphasis on the point that
we have a public market that
permits the sale of illegal mer-
chandise and there is a funda-
mental problem with that. In
New York, in Canal Street,
where the vendors allegedly
bought the counterfeit goods,
that's sold on private property —
not in a public market place."

In spite of the group's arrest,
straw vendors were still ped-
dling counterfeit goods when
The Tribune visited the mar-
ket on Wednesday.



















































FOR 3 IN 1 LAWN SERVICE
gnaw rae
Pease aT)
Tropical Exterminators
gee-210/







WORK IN PROGRESS: Construction continues on the new Bay Street straw market.

They claim the knock-off
purses and wallets, bearing the
logos of top designer brands
like Gucci, Fendi and Louis
Vuitton, provide the bulk of
their income.

Some vendors argue that if
they are forced to remove these
items from their stalls, they will
not be able to make ends meet.

Mr Roberts likened this
argument to the sale of illicit
drugs which allow drug dealers
to make a good living while
breaking the law.

"It's the same as saying we

reas ti

er

FAIS Ea Ohne

The Mall-at-Warathon
RLY OFFICE OPENS AT DO) AM DAILY

Sa Ser ee
eS

ee ee
LEGEND or THe cuarcansao NEW] 18 [8 | WA | #18 | Hae] Toso

fvouacan EW] 0 Jas | wa | so | 20] sos
werown [v0 | ano] wa [ao | oo [0s

on
ci Be UE ia I cis | 020 | 130]












ra 6 -

GE YOUR E-OAA The
WALLSTREET NEW | STREET






rma |

on [on | wa | 0 |
arena fe a eal
aero [ise [ome [wa | wn | vai] a
cm oueanaD A [nae [005 [WA | m0] wa | wn |

fexorenarmus T [wa [un [wa | wn [emo] we

oem itt [a | ets | | toe
wes [ew [aos [on [ ow] cos] we)

ait we

ey








can continue to allow people
to sell illegal drugs in the mar-
ket.

Products

“To suggest that we can't
come up with a new range of
products that fits the price point
of the cruise passengers is to
say we have no ingenuity as a
people."

The group admitted to trav-
elling to New York to buy fake
luxury goods after they were
arrested at JFK airport on Sat-

urday checking 31 bags packed

flight bound for Nassau.
They were charged in a New

commercial advantage or finan-
cial gain after a six-month

ment of Homeland Security
and Immigration and Customs
Enforcement (ICE).

b\

| Expected 2011 Customs
Act overhaul ‘will
aldress deficiencies’

By TANEKA THOMPSON
? Tribune Staff Reporter
: tthompson@tribunemedia.net

THERE are no laws in place

? empowering Customs officers

to seize suspected counterfeit
goods as they are being import-
ed through legal channels, Cus-
toms Comptroller Glenn
Gomez said.

Mr Gomez said the Copy-
right Act gives a person that
has patented or copyrighted a

? product recourse if someone is

importing a product that

? infringes on that copyright.

However, a complaint must be

? act.

"We would need to be

: feit product or a product that
? seeks to duplicate an authentic
? product but the manufacturer
: isn't getting the benefit of the
? distribution of the items," Mr
: Gomez explained.

"Once advised, then we

? would act on it. But other than
? that, if you brought in some-
: thing that had a label on it that
i said Gucci or Tommy (Hilfiger)
? we might look at it and say
: 'This looks like a cheap prod-
? uct’. All we can do is seek to
: ascertain the actual value and
? collect the duty.

"If they have a legitimate

? invoice and we are satisfied that
: the value is consistent with the
: product, we assess the duty and
: they are good to go".

He conceded that the coun-

? try's laws are "a bit behind" in
? that regard but said a complete
? overhaul of the Customs Act is
? expected in mid-2011, a move
? that will address the present
? deficiencies.

"Once we start (operating

under) the EPA, one of those

with fake designer goods on a } conditions is every country that

? is signed onto that is duty-
We ? bound to protect the interests
York district court on Monday { of the trading partners. If we
with conspiracy to defraud the ;
US Criminal Code by way of } in knocks-offs and we are given
trafficking counterfeit goods for } (names of) certain brands we
? would be looking for those and
C ain alte [ ? would have to stop them".

investigation into the import }
and export of counterfeit luxu- | a week after nine Bahamian
ty goods led by the US Depart- } straw vendors were arrested in
: the US after allegedly trying to
? bring "knock-off" handbags

: into the Bahamas.

are advised that there is a trade

His comments came nearly

BAHAMAS

FINANCIAL

SERVICES BOARD

Business Opportunities
in Financial Services

Join us at one of three (3)
Strategy & Business
Case Studies Workshops

>>> Monday, September 27 — 1:00 p.m. (light lunch)

>>> Tuesday, September 28 — 9:00 a.m. (continental breakfast)

>>> Tuesday, September, 28 — 1:00 p.m. (light lunch)

Venue: British Colonial Hilton Hotel

BFSB will present the completed business

model research showcasing potential business

opportunities within the financial services sector of

The Bahamas. The Interim Report on the Research

Project was presented at the July 7 Workshop.

Industry feedback from that forum highlighted the

importance of strategy development for the sector,

and the value to stakeholders:

“Excellent &
Informative Forum”

“The research really
identified practical
ideas and solutions”

“We can’t wait for
the final Report”

Contact BFSB at: info@bfsb-bahamas.com Tel: 326-7001



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



PAGE 4, FRIDAY, SEPTEMBER 24, 2010

THE TRIBUNE





EDITORIAL/LETTERS TO THE EDITOR

Foreigners
have hijacked
straw market

The Tribune Limited

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

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

SIR ETIENNE DUPUCH, Kt, O.B.E., K.M., K.C.S.G.,
(Hon.) LL.D., D.Litt.

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

EILEEN DUPUCH CARRON, C.M.G., M.S., B.A., LL.B.
Publisher/Editor 1972-

Published Daily Monday to Saturday

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

TELEPHONES
Switchboard (News, Circulation and Advertising) 322-1986
Advertising Manager - (242) 502-2352

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

Brent Symonette’s advice should be heeded

IT seems the PLP will say anything for a
headline or to give the impression that they
are awake and on top of all situations.

The latest is their accusation that Foreign
Affairs Minister Brent Symonette, instead
of throwing the full weight of his ministry
behind the nine Bahamian straw vendors
arrested in New York on charges of traffick-
ing counterfeit goods, indulged in a finger-
wagging lecture.

On learning of the arrests, Mr Symonette
gave very sound advice to the market vendors
in Nassau, whose stalls are still festooned

punishment than he would have received
here.

The PLP also seem to resent the fact that
the Americans conducted a surveillance oper-
ation in the Bahamas without informing the
Bahamas government.

And what if they had informed the
Bahamas government, would arrests have
been made here by our own Bahamian
police? After all the Americans had obvi-
ously given so many warnings about which
the Bahamas seemed to do little, that they
eventually concluded that Bahamian police

EDITOR, The Tribune.

I hate to say I told you so
but I wrote a letter to the edi-
tor more than a year ago
about the temporary straw
market that has been reduced
to a low class “flea market”.
But the reasoning by the ven-
dors caused the police and the
government from applying
the pressure to discontinue
their illegal acts. We know
that they were purchasing ille-
gal merchandise and we
ignored it. There are many
other illegal piracy practices
that we know will cause us a
problem, but I guess we will
wait for the international
police to point it out to us
first. The US is coming and
modern day pirates will be
caught. Copyrights must and
should be respected, period.

The former president of the
police staff association was on
television expressing his con-
cerns about the activity in the
straw market. The sight at the
market these days is insulting

with fake designer goods by Gucci, Prada,
Dolce, Gabana and many others.

“As a result of these charges,” said Mr
Symonette, “I highly recommend that
Bahamians be guided accordingly.” In other
words, clean up your act, or you will be next.

Although sound advice, it was not a wel-
come response to many of the vendors whose
attitude seems to be that government should
find some way for them to continue their
illicit trade. To do otherwise, according to
some, would mean financial collapse for them
and the country.

Mr Symonette’s advice does not mean
that his ministry will not make certain that
those accused have proper legal representa-
tion. The PLP, of course, would like to make
the public believe otherwise.

As Mr Symonette told those in Nassau,
the charges against their colleagues are seri-
ous and carry heavy penalties. It’s not as if
they threw chewing gum on the sidewalk, he
said. Of course, in Singapore this too is a
grievous offence. A few years ago, Americans
made a lot of noise and went through diplo-
matic channels to try to prevent a young
American tourist from being publicly caned
for spitting chewing gum on that city’s side-
walk. Americans felt the punishment was
too severe for such a minor offence. Howev-
er, in Singapore such anti-social behaviour is
not to be tolerated in civilised society. And so
the teenager duly got his caning, and possibly
never put a stick of chewing gum in his mouth
again.

Here in Nassau two Ministers — Educa-
tion and Labour — have pledged to help the
families of the vendors who are being held in
the US.

There is not much more that can be done
for them. The Bahamas cannot interfere with
the US judicial system. The law will now
have to take its course. Although, the PLP
are trying to equate this situation with that of
the “Barefoot Bandit” and ask that reci-
procity be applied in the vendors’ case, there
is no comparison between the cases. The
Americans did the Bahamas a great favour by

officers must have been “complicit” in what
was — and still is — going on in the straw
market. If there had been more cooperation
here, the New York operation would proba-
bly have never taken place.

How much more of a warning did many
Bahamians need that the noose was tighten-
ing on their illicit business? In December
2006, a vast number of counterfeit items were
seized in a joint Customs/police raid on a
warehouse in East Street south. The owner
pleaded that he did not know the goods were
counterfeit. However, after such a large raid,
no Bahamian could in future plead ignorance
of the problem.

In October 2008 the US Embassy even
sponsored a workshop to help the Bahamas
develop strategies to combat piracy of intel-
lectual property in the Bahamas.

“The transit of counterfeit drugs, car and
airplane parts through the Bahamas coupled
with the lack of enforcement of copyright
laws is a major concern and officials said the
workshop is critical in raising awareness
about the country’s piracy problem,” The
Tribune reported on October 8, 2008.

And then came the salvo at the beginning
of this year when Americans let it be know
that they were not satisfied that Bahamians
were doing their best to get piracy under
control.

The US Trade Representative’s office
wrote in its report on the matter:

“However, enforcement is lax and anec-
dotal evidence suggests that the police are
complicit in the buying and selling of pirated
movies, songs and fabricated high-end purs-
es to residents and tourists.” Although there
was no supporting evidence to implicate the
police, it was obvious that the Americans
had had enough, and, as in the drug days,
they were going to take no one in the
Bahamas into their confidence when they
decided to throw out their net.

Rather than kicking against the goad, it’s
time for Bahamians to wake up, and instead
of listening to the PLP’s soft talk, take Mr
Symonette’s sound advice and, as a result of

main operators.

in it.

EDITOR, The Tribune.

me down!

to say the least. Jamaicans
and Haitians, who do give a
hoot how we feel and have
any allegiance to the
Bahamas, are some of the

Foreigners have highjacked
the market and few Bahami-
ans are operating there now.
The straw has been absent
because the foreigners either
do not know how to make
them or do not see the value

Sometime ago there was a
raid on an over the hill busi-
ness that sold knock-off items,
but the police relaxed their

Has the PLP paid its bill to ZNS yet?

I find it amusing that Dr
Nottage and Obie Wilch-
combe had so much to say
concerning the “rightsizing”
of ZNS when we all know
that ZNS, like many other
government entities, is gross-
ly overstaffed. They agree
with the “Rightsizing” but the
timing is wrong. Well blow

They know that it has to be
done but just happy that they
don’t have to be the ones to
do it. So off they go trying to
score political points. Succes-
sive governments are to be
blamed for the blatant abuse
of ZNS. Clearly, this burden
and strain on the public purse
cannot and must not be

LETTERS

letters@triounemedia.net



position and the business was
allowed to operate and the
vendors were allow to pur-
chase and sell the items in
“our” Bahamian Straw Mar-
Ket.

Now the worst case sce-
nario has become a reality.
The US Customs has had
enough and is now making
the statement that the
Bahamian police should have
made a long time ago. This
must be embarrassing to put it
mildly, because we made an
attempt to clean this up
before and reneged.

Now the Bahamian police
should save face and appear
to be operating by the law and
discourage the selling of ille-
gal items in the Bahamas. We
are embarrassed that our
country is exposed to the
international community for
something negative again.
This shows that there must be
a market for the knock off
here. The police know who
they are and no arrests are
made here.

The new straw market
belongs to all Bahamians and
we will have to pay for it. So
we the tenants of the straw
market should not allow any-
thing that is not made in the
Bahamas to be sold in the
market. There should be a
scrutinising like no other for
the vendors. After they are
selected then there should be

it comes to making decisions
the PLP always try to find a
way out.

When Mr Christie was
asked his views on the Gam-
bling issue, he didn’t have
one, when he was asked what
he would have done with the
Haitians following the earth-
quake in Haiti, his response,
he would have to see all of
the facts first. Always waiting
to see how the winds blow,

a policing of the market on a
regular basis and confiscation
of all items that are not made
here.

It is time that we stop medi-
ocrity. We are too damn
slack, too lazy and too fool.
We have allowed other
nationalities to infiltrate our
national land marks and
assisted them in destroying
our culture, how stupid can
we get, just for a few dollars.

When I visited the market
the other day I heard raw
Jamaican accent, I heard
Haitians who could barely
speak English, but they feel
like they are immune because
they are probably there with
the blessing of some used to
be politician. We must clean
this up now. Taxi drivers are
even some hotel personnel
promoting the “Knock off
market.” How unpatriotic?

The incident in New York
must have opened our eyes,
and right after we get over
being embarrassed again, we
must clean up the market
before the international com-
munity comes here and
embarrasses us on our own
turf. Remember I told you so
before, I am telling you again.
Act now!

I fear Jesus Christ only and
no one can intimidate me any-
more, regardless of who they
are. I expect some jelly-back
to respond, especially some-
one who is profiting from
these practices.

IVOINE W INGRAHAM
Nassau,
September 21, 2010.

looking for political mileage.

I was wondering whether
or not the PLP has paid their
bill to ZNS as yet. I, like many
other Bahamians, would like
to know. The hypocrisy must
stop. No wonder ZNS is in
the “red”.

TIRED OF THE
HYPOCRISY
Nassau,

September 20, 2010.




TTA ET MOM Tee) Tg






EDITOR, The Tribune.

Tam sick and tired of seeing letters from Mr Paul Kokoski reg-



ularly published in this newspaper.
While I don’t agree with Mr Kokoski’s misogynistic, bigoted




statements, his personal views are not where my problem lies.
The ability to express your views, no matter what they are, in a
free press is an essential right that we’re fortunate enough to
have.

Mr Kokoski has never, to my knowledge, mentioned The
Bahamas or written a letter regarding the very real problems we
have in this country. I get the impression he spends much of his
time writing letters and blasting them out to newspapers across
the world, with little regard as to where they end up.

If Mr Kokoski wrote a letter concerning The Bahamas I
would have no problem seeing his name in print. Until that
time, can we instead give space in the press to Bahamians who
have something to say?

allowed to continue.
As with everything, when

taking the “Bandit” off our hands and throw-
ing him into their own jail to face a stiffer ly.

the New York events, “be guided according-

”






#P Don Stainton (Protection) Ltd.

SERVING THE BAHAMAS SINCE 1978
HILLSIDE PLAZA, THOMPSON BOULEVARD
FREE ESTIMATES 322-8160/322-8219

HURRICANE cleabaalaca

Aluminum rolling shutters are custom-fitted
and available in a choice of colours. They
provide security and hurricane protection.
Easily operated by hand crank or electric
motor, Roll shutters add beauty, security and
convenience to any home.

© We guarantee motors for 5 years, material
and labour for two years and respond to
service calls within 48 hours, usually on the
same day.

ASH HENDERSON
Nassau,
September 17, 2010.

Buy Complete Bed Set

(Matress, Box Spring & Frama)

Get 10% OFF and a FREE Pillow



eee Re eR sy

The look of colonial wooden shutters, but with
the strength and maintenance - free qualities of
aluminum. Add a finishing architectural touch to
your home with these functional yet decorative
shutters. Provides protection against storms,
sun and vandals,

Service Station is looking for a
Parts/Service Manager.
Family Island
(Marsh Harbour,Abaco)

Experience with parts and service
Computer literate
Good writing capabilities
Salary depends on experience.
Male or female can apply.
Age 25 and older

¢ ALUMINUM ACCORDION SHUTTERS
Light enough to slide easily, yet strong enough to

withstand severe storm conditions. Heavy-duty
key lock mechanisms for secure fastening.



Se Ue aL ery

Economical and convenient, these easy-to-use
awnings are permanently installed and close
quickly for storm protection. They give everyday
protection from heat and rain, and help prevent
fading of carpets and drapes.

Buy A Bed Set (mattress & box spring)
GET 10% OFF
10% OFF ON APPLIANCES

(Washers, Fridges, Stowe)

¢ CLIP-LOCK ALUMINUM STORM PANELS

The most cost-effective protection available.
Lightweight, easy to store and to use. We give you
10% extra spring steel clips and use closed-end
headers to prevent the panels "creeping".

Email resume and cover letter to:
South Beach qsa@coralwave.com

322-6528

Bahama Avenue
429-4153

Prince Charlas
324-6413

CHOOSING HURRICANE SHUTTERS

This guide offers a look at the benefits of five varieties of Hurricane Shutters



PAGE 6, FRIDAY, SEPTEMBER 24, 2010

THE TRIBUNE





Straw Market has become
a ghastly, national blemish
YOUNG MAN’S VIEW

By ADRIAN GIBSON
ajbahama@hotmail.com

ALTHOUGH our culture is
what makes us Bahamian, our
creativity is buried by our
knack to copy everything that’s
foreign, as we have little or no
appreciation or recognition for
what we have already created —
our architecture, our relation
to the sea, our music, our
dances, the truly Bahamian
form of junkanoo, our straw
and craft/art works, etcetera.
Since independence, we have
grossly neglected our culture!

Nassau’s flea market—I
mean straw market—has
become a ghastly, national
blemish that has irrefutably
become a liability to our coun-
try’s tourism industry.

ADRIAN

Our declining tourist num-
bers indicate that the Bahamas’
tourism product is mediocre
and significantly falling behind.
The internationally promoted
straw/flea market is also weak-
ening our tourism product, as it
has become nothing more than
a filthy, condemned structure
where illegal aliens profit and
counterfeit merchandise is sold
unabatedly.

A search of the Webster’s
dictionary describes straw as a

The Shoe Village

Assistant Manager

« Bahamian 25 years or older
+ Minimum 5 years experience in the retail industry
¢ Strong communication skills
« Good motivator for achieving goals
« Salary commensurate with experience
ALL APPLICATIONS RECETVED WILL BE IN CONFIDENCE
Please take your completed applications
to our head office or
email to hr@grsbah.net
or fax to 326-0570

alee mec GOTT ite ma EL
aOR Ey

PUR aA 8]

AnyWareâ„¢ Plus silverware basket
CMON) Coe Of BOTTA
ete iG LC emer tS

ayes



GIBSON



“single coarse dry stem (as of
grass),” which is far removed
from any description that would
apply to the counterfeit items
found at Nassau’s so-called
“straw market.”

The recent arrests and
arraignment of nine straw ven-
dors in New York resulted in
charges of conspiracy to
defraud the United States in
violation of section 2320 of Title
18 of the United States Crimi-
nal Code—1.e. trafficking in
counterfeit goods and services.
According to this daily, it is
alleged that the charges came
following a six-month investi-
gation into the import and
export of counterfeit luxury
goods conducted by the United
States Department of Home-
land Security and Immigration
and Customs Enforcement
(ICE), during which "certain
individuals from The Bahamas
who were involved in the traf-
ficking of such counterfeit
goods between New York City
and Nassau, Bahamas, were
identified.”

While one woman is cur-
rently on bail, if convicted, the
women could face a prison sen-
tence of three or more years.

Frankly, I would be lying if
I said that I was remotely sad or
sympathetic. Undoubtedly,
these individuals must have
known that their alleged actions
were against the law and there-
by could result in their prose-
cution.

The alleged purchase of
counterfeit designer goods for
resale at the straw market was
knuckleheaded and ill-informed
as US authorities enforce copy-
right laws—that some Bahami-
ans conveniently ignore—with-

SUM ge lee me

er Par late
Were ee

Two 15,000 BTU Powerâ„¢ burners
ates Mae Mee eae
Ee iA Teer e Wee lem

eT ey I Lo
cleanup easy.

5 & ELECTRE

out fear or favour or the slack-
ness for which the Bahamas has
become infamous.

This week, I’ve read a series
of interesting articles where at
least one straw vendor—in one
instance, a reverend—
appeared to try to justify thiev-
ery of intellectual property and
the sale of illegal wares because
it generates “a lot of funds.”
What a load of rubbish! Fur-
thermore, on the talk shows
and newscasts there were sev-
eral persons who were demand-
ing that the Ministry of Foreign
Affairs intervene, engage in a
diplomatic tit-for-tat and
demand that the vendors be
released, all asserting that the
US authorities would be return-
ing a favour for the country’s
swift handover of the Barefoot
Bandit (Colton Harris-Moore).

Moreover, there were
Bahamians in some quarters
who ridiculously asserted that
the country pay a percentage
of each vendor’s $100,000 bail
bond. This is what happens
when political paternalism
becomes a social norm. These
statements of certain of my
countrymen are out-of-touch
and nothing short of unfounded
conjecture—it displays an
annoying sense of entitlement
that so many Bahamians have
adopted.

The present straw market is
a major blot on downtown Bay
Street that has, itself, become a
loathsome and grimy mon-
strosity.

In glory days, the straw mar-
ket used to be a major tourist
attraction. The destruction of
the old straw market by fire in
2001 and the subsequent erec-
tion of a makeshift tent have
further set the market on a
downward spiral. Today, it is
nothing but a grubby, dusty
zone where tourists are con-
stantly harassed by overly
aggressive vendors and a site
where patrons could watch a
live version of “Tom and Jerry”
as rats, roaches and other

RRS eee it ar
Teme E LC

Tree

PME Rese me Cem ales
SRC AMC tee ala)
Pica ues me kee
with Auto cook, defrost and

fata ia a a oe



COUNTERFEIT MERCHANDISE:

An imitation bag sold at the Straw Market

rodents are permanent resi-
dents. Frankly, it no longer
reflects Bahamian culture.
According to historians Gail
Saunders and Michael Craton,
in days gone by “women and
children through the islands
processed the palmetto straw
and sisal fibre and wove plaits
to send to Nassau. There, pop-
ular items were almost mass
produced in workshops over-
the-hill for sale in specialized
stalls that outnumbered those
selling fruits and vegetables.”
Gone are the days when
vendors toiled to create, and/or
purchased native-made hats,
bags and mats from Family
Island suppliers. Growing up
on Long Island, I watched my
grandmother—Lenora Gibson
(recently honoured at the 43rd
annual Long Island regatta as a
pacesetter in the craft indus-
try)—weave plaits to send to
Nassau, primarily to Elsie
Knowles, who remains one of
the premier straw and craft pur-

veyors today. These Long
Island women were/are both
skilled artisans, whose native
plaits and homemade items
were crafted with love and ded-
ication, unlike the cheap knock-
offs and foreign imports that
litter the straw-market today. I
gleefully recall being taught the
plait patterns and vividly
remember assisting my grand-
father—Edward Gibson—as he
went about cutting down top
trees and himself occasionally
plaiting as a past time (usually
baskets used when catching
crabs). So, what has happened
to the straw vendors that actu-
ally cared to produce authentic
goods?

If anyone is in search of
items made in China, Taiwan
or the Philippines, the Bahami-
ans’ “straw market” is the place
to shop! The straw market,
which is thought to be repre-
sentative of Bahamian culture

SEE page eight

Whirlpool®
Kitchen
AYO) Kos

By)

RTs em be dirt)

el Ty meek

22 Cu. Ft. Energy Star®

Qualified Side-by-Side
Preece tours cele

ED2FHEXVQ

Electronic ice and water
dispenser with standard push

button controls. Adjustable door

bins accommodate jugs and

Side Rene

ame ee ce ele ee eee
Village Rd., Nassau, Bahamas
ieee es eee eo ies
TU Cae eee

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

You will be satisfied!





THE TRIBUNE

FRIDAY, SEPTEMBER 24, 2010, PAGE 7



LOCAL NEWS

National Insurance Prescription
Drug plan officially launched

Initiative described as ‘partnership’ between private and public sector

THE government of the
Bahamas officially launched
the National Prescription
Drug Plan (NPDP) this
week.

“Rather than waiting in
line at the Princess Margaret
Hospital or some of the pub-
lic clinics, patients can visit
the private participating
pharmacies near to them
and receive medication,”
Minister of Health Dr
Hubert Minnis said.

He described the initiative
as a “partnership” between
the private and public sec-
tor.

The launch marked the
first of phase of a pro-
gramme that 10,000
Bahamians have already
registered for.

The Plan is expected to
positively impact the health
of approximately 35,000 in
the first phase and eventu-
ally some 100,000 persons
throughout the Bahamas are
expected to benefit.

Among those in atten-
dance for the official launch
were Camille Johnson, per-
manent secretary in the
Ministry of the Health;
Algernon Cargill, National
Insurance Board (NIB)
director; Tami Francis,
NPDP manager and staff of
the Ministry of Health and
NIB.

The NPDP was intro-
duced at the Soldier Road
location of Lowe’s Pharma-
cy, the first pharmacy to sign
on to the Plan.

“It is every government's
responsibility to provide
quality health care to each
citizen of the Bahamas and
the government of today is
no exception,” said Dr Min-
is.

5



“We are embarking on an
infrastructural revolution so
that we can see changes
both at the Princess Mar-
garet Hospital and the Rand
Memorial Hospital.

“We would update you
with these changes very
soon.”

Minister Minnis said
although the country is

experiencing a recession, the
government has budgeted
approximately $220 million
annually for health care.

The minister thanked the
staff of NIB and the Min-
istry of Health for their
assistance in developing the
plan.

Raquel Wilson, the first
beneficiary of the NPDP,

presented an ACE Rx card
on behalf of her children
Jonathan and Raven, and
received free-of-charge the
first medication under the
NPDP for one of 11 non-
communicable diseases.
The Plan covers diseases
such as arthritis, asthma,
breast cancer, diabetes,
hypertension, high choles-

terol, glaucoma, ischaemic
heart disease, major depres-
sion, prostate cancer and
psychosis.

Card holders can now use
their ACE Rx cards at par-
ticipating pharmacies to
receive free-of-charge more
than 160 prescription drugs
and medical supplies pre-
scribed by physicians.



DRUG PLAN LAUNCH:
Dr Hubert Minnis

‘Vital fundraiser’ for Grand Bahama Children’s Home 30th anniversary

TO CELEBRATE its 30th anniver-
sary, the Grand Bahama Children’s
Home (GBCH) is hosting a special
fundraiser which organisers said will
be vital to the facility’s future opera-
tions.

Over the last 30 years, more than
2,000 children have passed through
the doors of the home. In recognition
of this milestone, the GRBCH commit-
tee has announced plans for an
anniversary fundraiser and celebra-
tion.

It costs over $300,000 per year to
operate the home which provides care
for up to 40 children — ranging from
infants to boys and girls up to the age
of 12.

Previously, the government grant
provided for $150,000 per annum;
however, this was recently reduced by
$25,000 due to budgetary cuts. This
leaves over $175,000 to be raised from
private and corporate donations and
fundraising events for basic operating
expenses, food, clothing and supplies,
the committee said.

The committee is hoping to raise
$25,000 at the 30th anniversary cele-
bration. It has also invited Grand
Bahama schools and churches to par-
ticipate and support the home with a
dress-up day at school and a special
collection taken at church to help raise
awareness and funds.

The 30th anniversary cocktail recep-
tion is being held on Friday, October
15 at the crescent pool of the Radisson
at Our Lucaya Resort.

The event will be held under the
patronage of Lady Joan Foulkes. The
celebration begins at 7.30pm under



















a



COMMITTEE MEETING: Pictured at last week's meeting are some of the GBCH committee (left to right) Sarah Kirkby, Norma
Headly, Jean Hivert, Geneva Rutherford, Sheila Smith, Brenname Rolle-Cooper and Caron Smith. (Not pictured are Lesley Davies-Bap-
tista, Lynne Fraino, Lillian Quant-Forbes, Derick King and Phil Carey)

the theme “Memories — A String of
Pearls; Celebrating 30 years with the
Grand Bahama Children’s Home”.

“The committee is very honoured
that Lady Foulkes accepted our invi-
tation to be the patron of our 30th
anniversary cocktail reception. Lady
Foulkes shares our passion for chil-
dren and charity work,” said Sheila
Smith, GBCH executive committee
member.

“Further, we are very excited that
Our Lucaya has partnered with us on
this fundraising event. Everything is
coming together perfectly and we





anticipate a spectacular night of cele-
brating past accomplishments and
preparing for future work.”

Organisers said the 30th anniver-
sary celebration promises to be an
unforgettable evening.

There will be live performances of
musical selections from different
Broadway shows under the direction
of Gloria McGlone. In addition, six
of Grand Bahama’s reigning beauty
queens will be welcoming guests and
modelling jewellery from Colombian
Emeralds International who are a jew-
ellery set as a raffle prize. All atten-

dees will be offered a glass of wine
courtesy of Bristol Wines and Spirits
and Our Lucaya has prepared a menu
of hot and cold appetisers, pastas, a
carving station and desserts.

The committee said it encourages
the residents of Grand Bahama to
attend its special celebration and lend
much needed support to the children’s
home. The GBCH depends heavily on
the private and corporate community
to keep its doors open and the suc-
cess of this fundraiser is another vital
component in this effort, organisers
said.









Ss























| Invites you to the opening of our new |
branch, located at the Harbour Bay
Shopping Centre off Shirley Street

OPENING SPECIAL
O'% OFF STOREWIDE

Free Giveaways

s

Where you get the maximum for the minimum
Tel: 393-0348/9
Store hours - 9:30am - 6:30pm Mon - Sat

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





PAGE 8, FRIDAY, SEPTEMBER 24, 2010

THE TRIBUNE



Straw Market has become _ Families ‘denied right to know

a ghastly,

FROM page six

and lifestyle, is also an infamous depot for
fake designer goods—ranging from Prada to
Gucci to Fendi to Louis Vuitton and much
more — suitcases, jewellery, clothes, pirated
CDs/DVDs, wallets and the like. Paris might
be the fashion capital of the world, but down-
town Bay Street (market) is a knock-off mec-
ca around these parts.

What is the percentage of Bahamian-made
products sold there? How many vendors have
up-to-date licenses to operate in the market?
How many vendors pay the $100 annual stall
fee? How many stalls are sub-leased? And,
how many foreigners, contrasted to Bahami-
ans, operate in the Bahamian straw market?

The government, and Bahamians at large,
must recognize that tourism is a multi-dimen-
sional phenomenon that calls for much more
than a handful of sand, a tan and a dip in
the sea. And, oh yeah, anyone can sell knock-
offs that are prevalent from here to Tokyo
but what is unique about us, whatever hap-
pened to Bahamian pride?

Why aren’t the police confiscating the
counterfeit designer items that are brazenly
pawned throughout the “straw market”? Why
haven’t offenders been arrested? Why are
customs officials allowing these vendors to
import and clear these items at the country’s
entry points? Is it merely ineptitude being
displayed by customs officials? Are customs
exemptions claimed on these items?

In 2007, the Nassau Institute conducted a
brief study of the “World Famous Nassau
Straw Market” that was revealing.

According to the Institute:

“Informal financial services — asue, loans,
foreign currency exchange and lottery num-
bers — are also available within the straw
market, sold by vendors and outsiders. Asue
groups with draws from $5,000 up to $20,000
are not uncommon. Short-term loans for up
to a month are available for a fee depending
on the amount and length of the loan. A cur-
rency exchange service is also provided with-
in the straw market. And the purchase of
foreign lottery or local lottery tickets is avail-
able. One vendor suggested that ‘whatever
you want you can get in the straw market.’”

“The estimated percentage of Bahamian-
made products sold in the downtown Nas-
sau straw market is 13 per cent. Therefore 87
per cent of products sold are foreign-made.
Clearly the term ‘straw market’ is a mis-
nomer. And most of the ‘Bahamian sou-
venirs’ sold are not Bahamian. The persons
likely to interact with tourists in the ‘straw
market’ are also not obviously Bahamian,”
the Institute said.

Bahamian taxpayers should no longer be

burdened with subsidizing this 21st century
version of a straw market that seems unrep-
resentative of the Bahamas. When the new
market is completed, it must be demanded
that straw vendors not only pay rent, but also
that most of them are Bahamians and that all
goods sold are authentic and made locally.

Today, there are widespread breaches of
intellectual property rights. We must begin
addressing copyright abuses that have now
started to cast a shadow over the Bahamas,
giving the impression of a place where intel-
lectual property and other copyright are nei-
ther respected nor protected. Although the
Copyright Act was amended, and the
Bahamas was thereby taken off of the Prior-
ity Watch list, the government has hardly
implemented or enforced any aspect of those
amendments.

At this rate, the Bahamas will face sanc-
tions and sobering ramifications (law suits
and severe penalties) for violations of copy-
right laws. Bahamians should look no fur-
ther than Nassau’s prized “straw market” or
their nearest street corner to see some of the
most serious breaches of international con-
ventions and copyright laws.

Whether it’s through the passage of addi-
tional legislation or by training and prose-
cution, we must ensure that international
copyright/intellectual property laws/pacts are
upheld and that we also employ a strict, copy-
right registration system.

Bahamians are capable of incredible
craftsmanship. Family Islanders continue to
produce hats, bags, mats, broaches, cuff links,
hair accessories, utensils and other items from
shells, straw, wood and coconuts.

BAIC chairman Edison Key and his team
should be congratulated and encouraged in
their push to promote authentic Bahamian
products.

Condolences/Freeport

Last weekend, I travelled to Freeport,
Grand Bahama to attend the funeral of my
cousin, Austin Smith. Austin was a life-long
public servant and served as an educator and
later as Commissioner on several Family
Islands.

Although my first trip to Freeport was for
a solemn occasion, I must mention how
impressed I was with the organization and
cleanliness of the city.

As I travelled about the city after the
funeral, there was much to appreciate about
the way the town was run, the smoothness of
the roads, garbage collection, functioning
street lights and so on. Whilst Grand Bahama
may be facing economic woes, there is much
that can be learnt and brought to New Prov-
idence.

T hope to revisit the island shortly.

*{OUu

10% -60% Cf
September 27th, 2010

to
October 5th, 2010

CLASSIQUE



Mt. Royal Avenue (1 Door South of Quality Fabric)

Tel: 328-0837 + 328-4793

* email:bijouxclassique@ yahoo.com

national blemish how serial kille

FROM page one

more than seven years ago.

Farrington, 43, of Freeport,
Grand Bahama, will return to
Justice Jon Isaacs’ court on
Thursday for sentencing.

But without a trial, the fami-
lies will forever be denied the
opportunity to hear what hap-
pened to the boys before they
were dumped in the pine forest
near Barbary Beach in eastern
Grand Bahama where Farring-
ton led police to their bodies
in October 2003.

Marilyn Davis, Deangelo’s
maternal grandmother who
raised him from infancy, said:
“Tt may make me feel hurt, but
I wanted to know what he did
to those children and what the
children said to him.”

Although her family had
been notified by the Attorney
General’s Office of Farrington’s
appearance at the Supreme
Court in Nassau yesterday, Ms
Davis, of Pioneer’s Way,
Freeport, said Farrington
should have been ordered to
appear at a Grand Bahama
court where the killings were
committed.

She and the parents and rel-
atives of the other three victims
have endured a painful journey
since losing the children as they
had to fight for the boys’
remains to be released for bur-
ial just two years ago.

And they have waited more
than seven years for Farring-
ton to come to court since he
was arraigned on five murder
charges in March 2004.

Farrington was tried sepa-
rately for the murder of Jamaal
Robins, 22, committed in July
2002 and in August 2006 he was
convicted of the murder and
sentenced to death.

However, a successful appeal
meant his conviction was
changed to manslaughter
because of his mental state and



== y ra

te
+
os
ta}
a
fry
eS
=
2
=
S
Ss
—
os
=
‘o
a
oO
ua

ACCUSED: Cordell Farrington

his death sentence was com-
muted to life imprisonment by
the Court of Appeal in October
2008.

Although Mr Braithwaite
declined to comment on the
Crown’s reason for accepting
Farrington’s manslaughter
pleas yesterday, sources close
to the case believe it was
because of the success of his
previous appeal.

Should he be convicted of
the four murders and success-
fully prove to the Court of
Appeal that his mental health
diminished his responsibility,
the quadruple murder trial
would result in a significant loss
of court time and public money
at a time when cases are severe-
ly backlogged.

But the blow to the families
should also be taken into con-
sideration, argued anti-crime
activist Rodney Moncur.

“Families of murder victims
want their day in court,” he
said.

“They need to know what
happened and they should have
the opportunity to address the
court prior to the sentencing so

P's victims died’

they can say who their loved
one was, describe their pain and
suffering, and say what kind of
penalty the accused should
have.”

Farrington pleaded not guilty
to the murders of Colas and
McKenzie between May and
June 2003, Reme between July
and August 2003, and Rolle
between September and Octo-
ber 2003, in Freeport, Grand
Bahama, before Justice Jon
Isaacs yesterday.

As the four charges were
read successively, Farrington
repeated his plea: “Not guilty to
murder, guilty of manslaugh-
ter.”

Mr Braithwaite indicated the
Crown accepted the pleas, but
asked for an adjournment to
give him time to present facts of
the cases before the court prior
to sentencing.

Defence attorney Ramona
Farquharson, who represented
Farrington at his 2006 murder
trial, asked the judge to allow
Farrington to have another psy-
chiatric examination before
sentencing, however Justice
Isaacs denied her request as he
said the last evaluation con-
ducted in 2006 would suffice.

Justice Isaacs also dismissed
Farquharson’s submission that
Farrington should not be tried
for the boys’ murders because
his constitutional right to a tri-
al within a reasonable time had
been violated.

The judge noted Farrington
was already serving a life sen-
tence for one murder and given
the previous proceedings,
regarded the total lapse of time
for the other four matters as
only three years, a delay he said
was not inordinate and did not
hinder the possibility of a fair
trial.

Justice Isaacs also comment-
ed on the need for courts to dis-
pose of cases more quickly, par-
ticularly those involving sever-
al serious charges.

BUT ELECTION RESULTS

THE official results of the Bahamas Union of Teachers election were released yesterday. This year’s election
saw 40 candidates vy for the 15 leadership positions available on the 4,000 member-strong union’s executive

team.

PRESIDENT
Belinda Wilson -1433
Francis Friend - 1323

VICE PRESIDENT
Philip Dorsett - 1365
Father Franklyn
Colebrooke Sr - 868
William McFord - 397

SECRETARY GENERAL
Stephen McPhee - 968
Brenda Albury - 872
Villadale Bain - 444
Jacqueline McKenzie - 221
Helena Cartwright - 167

ASSISTANT SECRETARY
GENERAL
Leason Burrows - 1456

Jeleah Turnquest - 1217

TREASURER

Lorraine Knowles - 1059
Andrea Lockhart - 959
Karen Butler - 620

ASSISTANT TREASURER
Janice Armbrister - 1247
Valencia Carrol - 821

Kim Williams - 618

TRUSTEES (WINNERS)
Haldane Stubbs 1043
Mizpah Munroe 913

EXECUTIVE MEMBERS
(WINNERS)
Wayne Thompson - 1504

Zane Lightbourne - 1385
John Mosgrove - 1213

AREA VICE PRESIDENT FOR
GRAND BAHAMA

Quinton Laroda - 301
Meoshe Basden-Curtis - 185

AREA VICE PRESIDENT FOR
NORTHERN BAHAMAS
Yolanda Forbes-Curry - 290
Sydney Curtis - 117

AREA VICE PRESIDENT FOR
SOUTHERN BAHAMAS
Annafaye

Ferguson-Knowles - 127
Philip Sturrup - 95

NOW IN PROGRESS

Appli

AVANT!
DAEWOO

SHOP ON-LINE

www. faylor-indusinies.com

|

We Accegt

ances

FROM

Se ee a

th eee eae

ait er eet =f et i!
aril eee er att)

VISA, MASTERCARD,
SUN CARD & DISCOVER

UES aT

al 1 eS |
OPEN: MON - FRI 7:30 am - 4:30 pm * SAT 6:00 am - 12 noon



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





THE TRIBUNE

FRIDAY, SEPTEMBER 24, 2010, PAGE 9



New Providence water storage levels ‘critically low

By ALISON LOWE
Tribune Staff Reporter
alowe@tribunemedia.net

SIX days of missed water
shipments has left the water
storage levels in New Provi-
dence “critically low”, leading
to calls from the Water and
Sewerage Corporation for cus-
tomers to limit their usage and
prepare for more rationing.

Just over 16 million imperi-

al gallons of water that should
have been delivered in the last
eight days did not arrive
because the ship The Titas
which normally brings the cru-
cial supply was unable to make
the journey from Andros, said
a WSC official.

Robert Deal, assistant gen-
eral manager, said The Titas
was at first affected by
mechanical problems and after
these were resolved last Sun-

day, by sea swells caused by
the passage of Hurricane Igor.

“The Titas delivered a ship-
ment of water this afternoon
(yesterday), only the second
shipment in the past eight
days. The six days missed are
equivalent to 2.7 million impe-
rial gallons per day,” said Mr
Deal.

New Providence residents
complained Wednesday
evening that water supplies

were cut off in parts of the
island. Yesterday WSC issued
a statement telling customers
that the corporation is imple-
menting “water conservation
efforts that may result in peri-
ods of reduced water supply”
and asked for residents to “try
to conserve their water usage
where possible.”

It is not clear how long
water will be rationed. The
WSC said that the supply

should improve “over the next
few days provided weather
conditions will continue to
improve and there are no fur-
ther mechanical challenges
with The Titas.”

The WSC said it would
“endeavour to limit the sever-
ity and duration of water cuts”
and asked people to keep an
eye out for water leaks or
wastage, and report cases by
calling 302-5599 or 325-0505.

Homicide prompts concerns
over liquor stores and bars

FROM page one

action, we need forms of local govern-
ment so people can have some say in what
is happening in their community. We’re
not saying that the liquor outlets did it
but it lends to poor socialization. It’s sys-
temic.”

On Wednesday evening, Kendrick
Smith died in hospital after he received
multiple stab wounds outside a residence
in the Churchill Subdivision, off Soldier
Road.

Mr Smith was an employee of Switcha,
a beverage manufacturer, and yesterday
his employer Mervin Sweeting Jr — who
is also a resident of the area — and co-
workers were also present to reinforce
the sentiments expressed.

Mr Sweeting Jr equated the effect of
bars and liquor stores within communities
to modern day genocide.

He said: “The time of dialogue has
passed. We are calling for the removal of
liquor stores from the community. [Liquor
stores] creating environments which are
not conducive to peace and serenity — to
normal wholesome life. We have to live
here, listen to the cursing and violence
that stems from activities taking place

there.”

Their cries come just weeks before
revised Planning and Subdivision legisla-
tion is set to be implemented.

The revised bill aims to improve the
structure and administration of the Town
Planning Committee and the Department
of Physical Planning, and will create
stricter rules for the town planning.

An official within the department of
physical planning said: “One of the major
changes or implementations would be the
national land use policy and also the
involvement of the community itself in
the decision making process. Before a
decision is made for persons to move for-
ward on a development, the community it
will affect will be consulted via town meet-
ings. This is something that hasn’t hap-
pened in the past.”

The official added: “Even though right
now we have commercial areas that are
defined, the new act would cement, so to
speak, the actual definition that is in
place.”

The official said: “This legislation will
help to better enforce regulations that are
already in place. By virtue of evolution
there are some communities — particular-
ly the over-the-hill and Fox Hill areas —

CRIME SCENE: Police at the scene of
Wednesday night’s homicide.

that have developed in that way over the
years, where you will see beauty salons or
restaurants side by side with residences.”
One woman, her home next door to
where Mr Smith was allegedly stabbed,
said: “I’m already packed to move, I just
can’t go anywhere because no money you
know. But nine years is sufficient, it’s time
to move — for peace of mind.
“T don’t see here it’s making any sense.”

FROM page one

remove the suspect items off
their shelves immediately.

This came after the
Bahamian wholesaler distrib-
utor received notification
from Abbott, the company
that produces Similac, that a
quality review had “detected
a remote possibility” that
some of their infant formula
may contain evidence of
insects — specifically, “a small
common beetle.”

While the United States
Food and Drug Administra-
tion (FDA) has confirmed
that the beetle itself does not
pose an obvious or immediate
health risk if consumed, the
recall is being done on the
basis that there is a possibili-
ty that infants who consume
the formula containing the
beetles “or their larvae”
could get an upset stomach
and lose their appetite “as a
result of small insect parts

Five cases
of dengue
fever, 20

suspected
FROM page one

cans.

The warning comes on the
heels of a significant increase
in cases throughout the
Caribbean and the Americas,
with outbreaks reported in
Barbados, Grenada, Puerto
Rico, Trinidad and Tobago,
and the French Territories.

The department said it is
working closely with the
Department of Environmen-
tal Health Services to prevent
and control the spread of
dengue, a viral infection
which is transmitted through
the bite of an infected Aedes
Aegypti mosquito.

Symptoms include fever,
muscle and joint pains, exces-
sive tiredness, headache and
pain behind the eyes.

Nausea and vomiting may
also occur.

A more severe form of
dengue fever, Dengue Haem-
orrhagic Fever, can cause
episodes of bleeding.

There is no vaccine to pre-
vent dengue fever, but certain
treatments can reduce the
intensity of the symptoms.
The majority of victims recov-
er within five to 14 days.

The department said: “The
public is advised to seek med-
ical attention at your nearest
clinic if you experience any
of these symptoms. For fur-
ther information contact the
Surveillance Unit at the
Department of Public Health
at 502-4790 and 502-4776.”

Baby formula

irritating the gastrointestinal
tract.”

The recall warned that any-
one who believes their child
may be suffering from these
symptoms “for more than a
few days” as a result of eating
the formula should consult a
doctor.

The recall affects certain
cans of Similac-brand pow-
dered infant formula. No liq-
uid baby formula was
involved, according to the
company.

Concerned parents and car-
ers were advised by the com-
pany which produces Similac
to refer to
www.similac.com/recall/looku
p, and type in their lot num-
ber to determine if their
product is affected, or call (1
800) 986-8850.

The lot number can be
found on the bottom of the

container.

However, the website was
not fully functional for much
of yesterday and the hotline
was reported to have crashed
when faced with heavy
demand for information.

Nassau Agencies Ltd sent
out a release that stated that
certain lot numbers of the fol-
lowing Similac products are
affected: Similac Isomil
Advanced (23.2 ounces), Sim-
ilac Go & Grow Early Shield,
Similac Go & Grow Soy (22
ounces), Similac Advance
Early Shield (23.2 ounces),
Similac Advance (12.9
ounces), Similac Advance
(12.4 ounces), Similac
Advance Early Shield (12.9
ounces), Isomil Advanced
(12.9 ounces), Isomil
Advance (25.7 ounces) and
Similac Go & Grow with
LCPs (12.9 ounces).

Contacted yesterday after-
noon, one seller of Similac,
Lowe’s Harbour Bay, said

FRIENDLY MOTORS LTD.

Parts Department
Thompson Bivd.

WILL BE

FOR STOCK TAKING
SATURDAY, SEPTEMBER 25, 2010

WE WILL BE

OPEN

for Business on Monday
September 27, 2010 at Bai

Our Vehicle Sales Department
WILL BE OPEN as usual

We thank you for your patronage
and apologize to our customers for
any inconvenience caused.



they had already removed
from its shelves a number of
cans of Similac baby formula
that were found to have lot
numbers that fell within the
recall.

Barbara Henderson, of
Nassau Agencies Ltd, said
that if customers return Sim-
ilac products with lot num-
bers included in the recall to
the place where they pur-
chased it, that company can
in turn seek reimbursement
from Nassau Agencies Ltd,
who will be compensated by
Abbott.

Abbott states that all of the
potentially-tainted food was
produced in a single produc-
tion area in one manufactur-
ing facility.

4 days only!
Sept 24th - 28th, 2010

1

De rele)
a AAO t nell)
Ad PEt)

Ls a Kher leery)
2) 393-4096

= Co-) 0) ela m=

Sedat ek)



_ Outrage over police

llowntown shooting
FROM page one

i cer on bicycle patrol overheard
i the exchange and came to the
i assistance of the female offi-
i cer.

Now on George Street, in

i the front of Bahama Subs and
: Salads, it was said the man
? brandished a box cutter at the
i male officer which resulted in
i him being shot in his upper
i thigh.

The shooting was reported

i to have taken place just before
i 4 pm, however the reports
? from the police differed con-
i siderably from that of eyewit-
i nesses.

The eyewitnesses allege that

i the male officer drew his gun
? and followed the man across
i the street, despite the man’s
? requests to be left alone, assur-
: ing the officer that he was leav-
i ing.

It was then, eyewitnesses

: alleged, goaded by bus drivers
? parked on George Street, the
i officer kicked the man in his
i back and a scuffle followed.

The incident angered some

i pedestrians, who voiced con-
i cerns that the incident was not
i properly handled by police offi-
: cers and tarnished perceptions
i of the country to visitors.

Police have reportedly

: launched an investigation into
i the shooting.

CLA Sines,
Mrs. Levonya PC. SC GiieeGacnic

We sit and thinl to oer gall and ae
Gand wwtry he head In take you so anon?
Thats 2 question ac read to lenow_._.
hinge Mapes for a eset,

Wwe died ecey thal vies ceang to be
Whe bas] eve ee ear yt

Wo would hae hegped you and
Teaver lel es

Ariiien trata oi rade pou
A palon bres we cred

Binet cael hera save pou
Fed etd bures reves: ches

ARB) hoe for hers is oon
Aweee Fore poone bs siied
A placa in gus hearts wacari
which onty you cin bi

In ite we loved you dearly

(i heath ae Nerves ys
Some may think pt oae torpeties
hoeph on cart posi more
Bul in our hee poe

foe aways ‘here Gust

Fa tei wane bedone

Ree you, Laworwa

to! we went wiih you
Sai Pore.



et si)

e Linens
¢ Housewares
¢ Baby Items
¢ Toys

ied aie Fieawoue

TF 6F - 2007

Db Love Plea

Forever loved). never fongeten. your
Peels, Grane pret, hasten
begitess. Grotters-rrira, asier, 2-
bors inlaw, nephew, nophaws- in-lana.
CUTE, GLGNT A ers, Gua, we

oles, other trienas. and damiy







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





PAGE 14, FRIDAY, SEPTEMBER 24, 2010

(|
I

THE TRIBUNE





LOCAL NEWS

TRACKING: A blunt nosed |
1 six gill shark is fitted with
2 an satellite tracking device

A new wave of ocean exploration in the Bahamas

gramme at the Cape Eleuthera Institute initi-

Te Shark Research and Conservation Pro-

ated a new research programme this week

aimed at investigating the

diversity and abundance

of deep ocean sharks living in the Bahamas.

Collaborating scientists Dr
Dean Grubbs of Florida State
University, Dr Demian Chap-
man of Stony Brook University,
and Lucy Howey-Jordan of
Microwave Telemetry travelled
to the Cape Eleuthera Institute
to get the project started. They
said they encountered an
incredible degree of success.

Over the course of three days
and six surveys, the team cap-
tured 25 animals from six dif-
ferent species.

These ranged from a 389 cm
(13 ft) bluntnose sixgill shark
to a 47 cm (18 inch) fully grown
sawtail catshark.

“I have conducted research
on deep water sharks in a num-
ber of locations around the
world including the central
Pacific off Hawaii, the temper-
ate western Atlantic off the east
coast of the USA and in the
Gulf of Mexico. Cape Eleuthera
appeared to be an ideal loca-
tion to expand my research,
however, I never expected the



incredible diversity and abun-
dance of species we encoun-
tered these last few days. Twen-
ty-five sharks from six different
species on only six surveys is an
incredible record.” said Dr
Grubbs.

Of all the currently described
species of sharks, 256, or 56 per
cent, live their entire lives below
200m (660ft) of water.

Of these species, basic infor-
mation about life history is
available for only five species,
and information relating to
movement patterns is available
for only three species.

Until recently these deep
water environments acted as a
refuge from human exploita-
tion, however, as stocks of fish
closer to the ocean surface are
subjected to overfishing, com-
mercial interests are turning
their attention to the deep, sci-
entists said.

Many of these deep water
sharks are being exploited with-
out any understanding of their

L Lt i

N

biology and ecology on which
to base management decisions.

“The particular highlight for
me was in fact the smallest
shark we captured, a Springer’s
sawtail catshark. This species
was only described in 1998 and
there are relatively few records
of it anywhere in the world so I
am incredibly excited to
encounter it in Eleuthera,” said
Dr Grubbs.

This project is providing a
unique educational experience
for students from the Island
School who, alongside staff
from the Shark Research and
Conservation Programme, will
continue to gather data over the
coming weeks, a spokesperson
said.

“This is an incredibly excit-
ing new project for the Shark
Research and Conservation
Programme. We have been
working on the more easily
accessible sharks such as the
Caribbean reef, tiger and nurse
sharks for over three years now,
yet we had no idea of the trea-
sure-trove of new species that
were right on our door step,”
said Edd Brooks, programme
manager of the Shark Research
and Conservation Programme

at the Cape Eleuthera Institute.

“The first phase of this pro-
ject has been a huge success and
I cannot wait to see the rest of
the data we gather over the
course of the next 12 weeks with
the Island School students.

“These students are incredi-
bly lucky as there are very few
people who have ever seen
most of the species they will be
working with this semester; it’s
a truly unique opportunity for
them.”

In addition to monitoring the
diversity and abundance of the
animals encountered, the
research team will be utilising
some of newest electronic track-
ing technology available to
monitor these animals’ move-
ments.

So far three pop-up satellite
archival transmitters (PSATs),
which record depth, tempera-
ture and light level data which is
later transmitted to a satellite,
manufactured by Microwave
Telemetry, have been deployed
on bluntnose six gill sharks to
compliment the 10 already
deployed on this species by Dr
Grubbs in Hawaii, the eastern
United States and the Gulf of
Mexico.

Phan mi saa ia ee foe bee bash ire
feeb ae sara aaa ane ie aaa nue sag. eee
re PPh aaa bas we vane pee bee | OEE
Pee ea ben aaa Baar gE eas Pee see Pes
TH F DEB cae bak saa Sade neu BES peeed Mey
nee == rs on BES sew gy Le
Se FESIEAAL TS ri hom she) kbs Eos
eee dua ae Seat Gee Suey aeeiee Bae
rue one ef See Poe ere ayn nna

A RK OD



aE S Ee eee ee ay eo)







conned tél sre tad andere

ad

anekn

BROADBAND

which will monitor the
sharks movements and
behavior for the next five
months.

A further five will be
deployed on gulper sharks over
the coming weeks providing the
first movement and habitat use
data for these animals. Until the
recent development of the X-
tag there was not a PSAT small
enough to deploy on a smaller
species like the gulper shark.

“The new X-Tags deployed
on these sharks will provide
some of the highest resolution
tracking data currently on the
market. I am really excited to
be working with the team at the
Cape Eleuthera Institute
because the facilities and prox-
imity to deep water provides
an excellent opportunity to
study the movement and
behavior of deep-water sharks,”
said Ms Howey-Jordan of
Microwave Telemetry.

Dr Chapman, the assistant
director of science at the Insti-
tute for Ocean Conservation
Science based at Stony Brook
University, who studies shark
genetics and conservation, said
he was especially impressed
with the abundance of sixgill
sharks.

“These sharks have been
around since well before the
dinosaurs and yet we really
don’t know that much about
them. Captures of two sixgill
species, including both adults
and juveniles, suggests that
much can be learned about this
group here in the Bahamas.
Once again the Bahamas is
proving itself to be the ‘Shark
Capital of the World’,” said Dr
Chapman.

The Bahamas is widely cred-
ited as being a leader in shark
conservation after banning
longline fishing in the late
1990s.

The opportunity to study the
wide variety of species that





exists here, both in deep and
shallow water, in a relatively
un-disturbed state is one that
has put the Bahamas on the
map for shark researchers
around the world.

Spokespersons of the Shark
Research and Conservation
Programme said they are
indebted to the Bahamian gov-
ernment’s Department of
Marine Resources for providing
permission for this research to
be undertaken.

“The absence of a commer-
cial fishery of any significance
for sharks in the Bahamas,
along a wide variety of marine
habitats within close proximi-
ty to the facility makes the
Cape Eleuthera Institute an
ideal location for the pursuit of
research into the these impor-
tant species.

“The Department of Marine
Resources is pleased to support
shark research being done in
the Bahamas and notes the
importance of the recent suc-
cess in at the Cape Eleuthera
Institute in respect of under-
standing the sharks of the deep-
er waters of the Bahamas,” said
Michael Braynen, director of
the Department of Marine
Resources.

This exciting new direction
of shark research will continue
to investigate and explore the
deep water inhabitants of the
Bahamas and provide much
needed information on this
minimally studied area of the
world’s oceans. Given the
resounding success of the pro-
ject to date, it is likely that the
deep-water shark research pro-
gramme will be a permanent
fixture of the Cape Eleuthera
Institute’s Shark Research and
Conservation Programme, offi-
cials said.



ba, ey aye

Goh Ba... do

a a



:



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



>





I

THE TRIBUNE

u



FRIDAY,

its

SEPTEMBER 24,



2010

SECTION B « business@tribunemedia.net

FAMILY GUARDIAN

INSURANCE COMPANY LIMITED



Minister
dismisses

" r
junk bond

fears



JAMES SMITH
By NEIL HARTNELL

A former finance minis-
ter yesterday expressed
concern that the down-
grade suffered by the
Bahamas’ sovereign credit
rating was “beginning to
show” in the international
capital market borrowing
costs faced by the Govern-

ment, although the present

incumbent said the evi-
dence showed nothing had
changed.

James Smith, minister of
state for finance in the for-
mer 2002-2007 Christie
administration, said that
judging from Wednesday’s
debate in the House of
Assembly, during which
the Government said it
would have incurred a 7
per cent interest rate if it
had to borrow on the inter-
national capital markets to
finance the JFK Drive
‘highway’ upgrade, the
December 2009 downgrade
by Standard and Poor’s
(S&P) had effectively cut
the Bahamas’ credit rating
to “junk bond” status”.

Commenting on the
Bahamas’ current total
national debt, which stands
at around $4 billion, Mr
Smith told Tribune Busi-
ness: “It’s a source for con-
cern, not just the debt but
the rate at which it’s grow-
ing.”

during which the Govern-
ment’s representatives
pointed to the interest sav-
ings advantages offered by a
2 per cent China Export-
Import Bank loan, as

international
would have charged, Mr
Smith said: “In this environ-
ment of low interest rates,

SEE page 4B

Customs policy’s

‘crushing blow

By NEIL HARTNELL
: Tribune Business Editor

Bahamas Customs was

i yesterday accused of deliv-
: ering a “crushing blow to
: legitimate trade” by its
: refusal to clear trailers
: imported by Grand Bahama
: Port Authority (GBPA)
Tribune Business Editor ; maa are ER aba
: ed goods sales, a former
: Chamber of Commerce
? president arguing this posi-
? tion was at odds with the
: Government’s statement to
: the World Trade Organisa-
? tion (WTO).

Christoper Lowe, the ex-
Grand Bahama Chamber
president, told Tribune Busi-
ness that numerous GBPA
licencees, including his own
business, Kelly’s (Freeport),
had been either told directly
or via their brokers that
Customs would not clear
their imports unless the
reports - something he said
were not required under any
law, policy or agreement -
were provided.

“Bahamas Customs is
refusing to clear the goods in
trailers for any licensee com-
pany of the Grand Bahama
Port Authority, unless they

Triple Play provider
eyes extra $6m spend

: By CHESTER ROBARDS
? Business Reporter
: crobards@tribunemedia.net

IP SOLUTIONS Interna-

? tional (IPSI) still has to
? invest another $6 million in
i its ‘Triple Play’ services in
i Abaco, even after starting
? beta testing with hopes for a
: complete roll-out of services
: by year-end, the company’s
? president said yesterday.

Edison Sumner said $2

: million has already been
? pumped into the project
? from the pockets of initial
? investors.

IPSJ is seeking to provide

} Abaco with the ‘Triple Play’
? bundling of Internet, tele-
? phone and video through a
: wireless net work designed
} to be more robust and faster
? than any services offered on
i? the island - or in the

Picking up on yesterday’s
House of Assembly debate, ;

Bahamas - to date.
Mr Sumner said IPSI’s

i system was designed to
? expand along with Abaco’s
? economy and population,
i which have seen faster
i growth than the island’s

? larger neighbour, Grand
opposed to the 7 per cent }
investors }

Bahama.
“Our endeavour is to

: work intelligently and metic-
? ulously to develop a net-
? work infrastructure that ful-
: fills the true needs and
: desires of the people of

Abaco, and to meet the

‘We’re begging

like children’












status’

STEPHEN WRINKLE

By NEIL HARTNELL
Tribune Business Editor

* Maximising Bahamian contractor
participation in major projects, such
as airport and Baha Mar, only way
for nation to ‘grow itself to mature

* BCA head again calls on
government to pass Contractors Bill,
as required to enable Bahamians to
get ‘a piece of the pie’



Bahamian contractors must be actively engaged on the
major multi-million dollar development projects if this
nation is to “grow itself to mature status”, the industry’s head
told Tribune Business, rather than just let the sector simply
be used as a labour pool by developers.

Stephen Wrinkle, the Bahamian Contractors Associa-

SEE page 4B

demands of an expanding
population,” he said.

According to Mr Sumner,
the company will employ 15
to 20 qualified Bahamians
initially with an opportunity
for spin-off employment for
value-added package
resellers and outsourced
technical services.

IPSI has future plans to
expand its product to the
Caribbean and Latin Amer-

SEE page 3B

FG FINANCIAL

PENSIONS & INVESTMENTS

call us today at 396-4080

lM Former Grand Bahama Chamber chief says
Department refusing to clear trailers unless
bonded goods sales report, an ‘unheard of
requirement’, submitted
2 M Argues move inconsistent with the Bahamas’
WTO position, and ‘proprietary and confidential
_ business information’ being sought

comply with a demand for
a bonded sales report, which
is an unknown instrument,”
Mr Lowe told this newspa-
per yesterday. “They have
not even displayed the cour-
tesy to outline to us in writ-
ing the format or content
that they desire. While some
licensees have caved in to
the pressures and threats of
Bahamas Customs to their
business operations and
livelihoods, and have scram-
bled to produce such a
report, there is no lawful

SEE page 3B

The information contained is from a third
party and The Tribune can not be held
responsible for errors and/or omission
from the daily report.



Shareholder

rift continues
at the Hilton

By NEIL HARTNELL
Tribune Business Editor

The fallout from the boardroom battle at the British
Colonial Hilton continues to rumble on, Tribune Business
can reveal, with its Canadian pension fund investor urging its
fellow shareholder to inform the Registrar General that
the agreement governing their ‘partnership’ remains in
force.

A September 1, 2010, letter from Canadian QC, Alan
Lenezner, on behalf of the Canadian Commercial Workers
Industry Pension Plan (CCWIPP), to legal representatives
of Swiss/UK-based private equity house, Adurion, also
urged that their client withdraw an application to the Cen-
tral Bank of the Bahamas for permission to refinance the $19
million loan at the centre of their dispute.

The letter, seen by Tribune Business, urged Adurion and
its Fort Nassau Investments vehicle to advise the Regis-
trar-General, in his capacity as Registrar of Companies,
that the Universal Shareholders Agreement governing their
relationship at the Hilton was “invalidly terminated and
remains in force”.

The letter also requested that Adurion withdraw its appli-
cation to the Central Bank for an affiliated company, Equi-
librium, to replace Fort Nassau Investments as the lender.

As previously revealed by Tribune Business, a Canadian
arbitration ruling effectively prevents Adurion, as the 71 per
cent controlling shareholder, from refinancing its own $19.09
million bridging loan to the Hilton, something it alleged
had created a $3.4 million "net benefit" for the downtown
Nassau resort.

SEE page 2B



‘Anticompetitive’ fears
over Cable, SRG merger

By NEIL HARTNELL
Tribune Business Editor

A rival telecoms player
has expressed concerns that
the proposed merger
between Cable Bahamas
and Systems Resource
Group (SRG), the IndiGo
Networks parent, could be
“anticompetitive” and have
a detrimental impact on the
wider Bahamian market.

Edison Sumner, IP Solu-
tions International’s presi-
dent, told Tribune Business
prior to departing for

Wednesday’s Abaco Busi-
ness Outlook that the
planned merger, which
would create a “Triple Play’
provider of communications
services in the areas of Inter-
net, video, data and voice
traffic, could impact the
maintenance of a ‘level play-
ing field’ in the telecommu-
nications industry.

“T think it will have an
impact on the market, and
issue like a level playing

SEE page 4B

worry (P80
OPOUN fenSIONS

[ sound investment management
[ independent corporate trustee

oversight

[1 independent corporate custodian
[ diversified investment portfolio

q/all of the above

A SUBSIDIARY OF

FAMGUARD

CORPORATION LIMITED

<5

FAMILY GUARDIAN CORPORATE CENTRE: AT THE JUNCTION OF VILLAGE ROAD, SHIRLEY STREET & EAST BAY STREET | www.famguardbahamas.com





PAGE 2B, FRIDAY, SEPTEMBER 24, 2010

THE TRIBUNE



a =~) <> —
Shareholder




























































rift continues
at the Hilton

FROM page 1B

CCWIPP, which holds the remaining 29 per cent stake and has $60 million
invested in the Hilton, had refused to approve the refinancing on the grounds
that the Bahamian resort would be unable to generate enough cash flow to
pay off the new loan’s terms.

The Canadian pension fund feared that if this happened, any default on
repaying the refinancing could wipe out its equity in downtown Nassau's
‘anchor property’ and prevent it from receiving the $26.5 million it had
effectively been guaranteed when it sold a majority interest in the resort in
late 2006.

The ruling thus leaves the Hilton's 71 per cent majority shareholder, the
Swiss/UK-based private equity house Adurion and its Bahamian-incorporated
investment vehicle, Fort Nassau Investments Company, holding a $19.09
million loan that the Nassau-based resort and its immediate holding company
have defaulted upon.

Adurion had pushed the new bridging facility, which was to come from a
company, Equilibrium, that it also controlled, on the grounds that the initial
$19.09 million facility had been offered at sub-market rates that were not com-
mercially viable.

The new loan would also be secured on the British Colonial Development
Company's shares, and Adurion accused CCWIPP of putting its equity posi-
tion in the resort ahead of the property's financial needs.

It argued: "Fort Nassau's willingness to continue to extend the loan at sub-
market terms for 32 months (26 months past the six-month term) has result-
ed in a new cost to Fort Nassau Investments and net benefit to the company
[the resort] of $3.4 million

"As the commercial deal underlying the agreement is a 50/50 deal, [CCWIP-
P's] refusal to comply with the agreement has resulted in a net benefit to
[CCWIPP] of $1.7 million." Adurion/Fort Nassau demanded that CCWIPP
pay it damages of $5,900 per day.

In his decision, the arbitrator found that neither CCWIPP nor Adurion act-
ed in bad faith, and both parties did not intend the initial bridge facility to still
be in place.

Given that Adurion would effectively take 100 per cent control of the
British Colonial Hilton if the Equilibrium loan was defaulted upon, the
arbitrator found: "The proposed Equilibrium loan is nothing more than the
Fort Nassau Investments bridge loan on terms that are better for the lender.
Fort Nassau and Equilibrium were interchangeable both before the Equi-
librium loan and under it. The beneficial interests in these two entities are
identical.”

Finding that the Equilibrium loan required approval from both share-
holders, the arbitrator said it was "not in the best interest" of the British Colo-
nial Hilton, which was better off with the original defaulted facility. The new
facility was "more burdensome", and Adurion was “acting in total self-
interest” in proposing it.

"The evidence is clear that the hotel business is flourishing. Even if it
weren't, the proposed Equilibrium loan does nothing to assist [the British
Colonial Hilton], its assets or the underlying business," the arbitrator found.

"The consequence of my decision is to leave Fort Nassau Investments in a
position where its loan is in default and has been for some time." The arbi-
trator also concluded that Adurion wrongfully terminated the shareholders’
agreement between itself and CCWIPP when it attempted, on February 22,
2010, sought to obtain approval of the Equilibrium loan from the hotel's
Board, which it controlled.

By CHESTER ROBARDS
Business Reporter
crobards@tribunemedia.net

SOME individuals who paid
the increased import duty on
vehicles the day the 2010-2011
Budget was announced still have
not received their rebates from
the Customs Department, Tri-
bune Business has learned.
Comptroller of Customs, Glen
Gomez, said many of the rebates
had already been paid, while oth-
ers Said they did not know how
to proceed for the refund.

One individual, who spoke on
condition of anonymity, went to
Customs to collect their new car
as Prime Minister Hubert Ingra-
ham stood in the House of
Assembly announcing the rate
increase. When the individual
arrived at the dock, they found
that the price to remove the car
from Customs had increased by
25 per cent.

The Government, immediate-
ly recognising the problem,
agreed to offer a rebate for those
individuals who paid the extra
duty, but did not offer instruc-
tion on how to go about collect-
ing it.

“Some people may have been
missed, but personally I haven’t
gotten any calls,” said Mr
Gomez. “I heard something
from the Ministry of Finance,
but more than 20 people had
been addressed and there are at
least four that came in recent-
ly.”

According to him, anyone
requiring reimbursement would
have to apply for it.

“Tt wasn’t up to us to look
through the record,” he said.
“Even if we did, a lot of the doc-
uments have only PO Boxes,

uy
or rare

a

OaeE

ee

—
io

ii
ay!
Sos
Fare,
it

a Ad
feet idee

ar rma mh,

eee Tee eth Try
'

oo lal al al ii
TOE OBE NY

| nA ne Pa

Ce 1 ed et a





ed

LOPROLLA

»

NEW COROLLA, NEW STYLE.

ELECTRIC BRAKE CONTROL, COLLISION RESISTANCE SYSTEM AND A BRAND
NEW ELECTRONIC DASHBOARD MAXIMIZES YOUR DRIVING PLEASURE,
BUILT OVER THE TRADITIONAL COROLLA, WITH A BETTER PERFORMANCE,
TO aL a

Me ie

Shirley Street at Church Street ae

Open Mon to Fri fam - 5:30pm alle Bi

Sal Sam = [noon
ASD TOYOTA DEALER A N\

Te: 397-1700
infoi@icxcoutivemotors. bs
A part of the Automall group AUTO MALL
Arailabia in Grand Bahar of Quelty Auto Sales Freeport), Queens Hany. 252-6122 * Abaco Motor Mall, Don MacKay Bled, 367-16

EXECUTIVE
MOTORS LTD

AUTHORIZED DAIHATSU

war, automa baharmeas.com



GLENN GOMEZ

while the forms ask for a clear
address. With a PO Box we don’t
know how to find you.”

List

However, Ehurd Cunningham,
the Ministry of Finance’s Finan-
cial Secretary, told Tribune Busi-
ness recently that the Ministry
of Finance had a list of every
individual who is owed a rebate,
and would be contacting them

Concerns persist
over auto rebates

at the appropriate time.

Many companies and individ-
uals who went to pick up their
imported cars the day the Prime
Minister revealed the 2010-2011
Budget found they had to pay
an extra 25 per cent on their
vehicle if the engine size topped
2,000 ce.

Many said they had calculated
and budgeted for the original
duty rate and were taken aback
to find it had changed.

However, after meeting with
auto industry officials, Mr Ingra-
ham made amendments to the
duty rate changes, adding a third
tier of engine size and duty rate.

Following representations
made by the Bahamas Motor
Dealers Association (BMDA),
Mr Ingraham introduced a 75
per cent rate for vehicles with
engine capacity between 2,000-
2,500 cc - a move he said would
aid some Honda, Mazda, Ford
and Hyundai models. All those
below 2,000 cc will still pay a 65
per cent duty rate, and those
above 2,500 cc, 85 per cent.

While these changes gave auto
dealers some relief, one motor
dealer told Tribune Business it is
still a "shocker to the system”.

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.

PROCLAMATION



WHEREAS, Eunice Kennedy Shriver, Founder of the Speckal Qlympics Movement and who
exemplties the digrance one person can make in the lives of others, is credited with having inspired
current and emerging leaders to be archilects of purposeful and passionate change;

AND WHEREAS, the Special Olympics World Mowement, currently active in 162 countries
workdwide, racognizes the legacy of Eunice Kennedy Shriver in the develooment of the five key values of
LOVE, JUSTICE, FAITH, HOPE AND COURAGE:

AND WHEREAS. the legacy of Eunice Kennedy Shriver includes her leading efforts in improving
the lives of 200 milion citizens with intelechsal disabilities, 3.4 million Special Olympics. athleles around the
world, including 400 athletes in the Bahamas, and over 500,000 Best Buddies around the world

AND WHEREAS, on Saturday 25 Seplember 2010, under the rallying cry of “Leaf me win, but |
cannot win, lef me be brave in fhe affempt” Soacial Olympics Bahamas will join the worldwide Special

Olympics Movement in the observance of Eunice Kennedy Shriver Day,

AND WHEREAS, in celebration of Eunice Kennedy Shiver Day, a schedule of activites has been
planned to highligh! and cammemorale Eunice Kennedy Shriver's beled in building greater equality through
organized alhletics for fhe inclusion and acceptance of persons with injellectual disabilities, particulary the
more than 200 million persons stil living with diminished opportunities and socal dierespect and who are
often neglecied and hidden away;

NOW, THEREFORE, |, Huber! A. Ingraham, Prime Minister of the Commonwealth of The Bahamas,
do hereby pmclaim Saturday, 26° September, 2010 as “EUNICE KENNEDY SHRIVER DAY 2010" and
celebraled by the local movement SPECIAL OLYMPICS BAHAMAS.

IN WITHESS WHEREGE. | have
hereunto sal my Hand and Seal
ths ny day of September, 2019.



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





THE TRIBUNE



FRIDAY, SEPTEMBER 24, 2010, PAGE 3B



Customs

policy’s

‘crushing
blow’

FROM page 1B

basis for its provision.”

Mr Lowe explained to
Tribune Business that all
GBPA licencees, including
Kelly’s (Freeport), submit-
ted to Customs on the 15th
of each subsequent month
a report on product sales
where duties were post-paid,
something that was totally
different from the informa-
tion now being requested.

“A duty-paid sales report
has always been furnished
as supporting documenta-
tion for a duty-paid sales
entry, along with the remit-
tance of the duty collected,
just as invoices are furnished
with an entry for import
clearance,” Mr Lowe
explained. “The two reports,
duty paid and bonded, are
not the same, and serve dif-
ferent purposes. This is a
new and unprecedented
demand, asking for propri-
etary and confidential busi-
ness information, and fur-
thermore is a new approach
for the audit [of GBPA
licencess] that the Supreme
Court ruled to be unlawful.”

Bonded goods sales is a
practice whereby Freeport-
based wholesalers, such as
Dolly Madison, Kelly’s
(Freeport) and Bellevue
Business Depot, are able to
sell products to other GBPA
licencees for use in their
respective businesses, only
without any duty being paid
to Customs/Government on
their sale. It is a report on
this activity that Customs is
secking, but Mr Lowe said
this has never been required
before.

“It is like a fishing expe-
dition and audit in a differ-
ent form. This is something
new. It doesn’t exist. I don’t
know what’s in it and what
they want. We don’t know
the format of it,” Mr Lowe
told Tribune Business. “This
is another crushing blow to
the legitimate trade.”

He contrasted Customs’
actions with Zhivargo
Laing’s statements to the
WTO last week, in which
the minister, describing the
Bahamas, said that as “a
very open economy it has
long been the policy of the
Government protect the
right of legal entities to
import and export autho-
rized goods without arbi-
trary restrictions”.

“T have an extreme diffi-
culty with his presentation
on behalf of our country in
the face of the current
‘restrictions to trade’ now
being newly imposed by
Bahamas Customs in
Freeport Grand Bahama,”
Mr Lowe said. “Perhaps
representations should be
made to the WTO outlining
the true state of affairs in
respect of internal trade.”

As had been sought under
both his Chamber presiden-
cy and that of Doswell
Coakley’s, he called on Cus-
toms to “come and sit down
with us and hash this out
with some intelligence, not
use brute force and threats”.

And Mr Lowe also
warned that Customs’ policy
of not clearing trailers was
effectively cutting off the
Department’s nose to spite
its face, adding: “If we do
not get our trailers cleared,
our sales will plummet, as
will their revenues.”

Customs Comptroller
Glenn Gomez declined to
go into detail on the matter
when contacted by Tribune
Business yesterday, but sug-
gested that Mr Lowe’s views
did not represent the major-
ity of GBPA licencees.

He also denied that Cus-
toms had said it would
refuse to clear trailers unless
bonded goods sales reports
were submitted, and indi-
cated that it was normal
practice and policy for
GBPA licencees to make
them. When pressed by Tri-
bune Business, he appeared
not to differentiate between
a bonded goods sales report
and post-paid duty sales
report.



BAIC targets $300m
import reduction

By CHESTER ROBARDS
Business Reporter
crobards@tribunemedia.net

THE BAHAMAS Industrial and Agricultural Corpora-
tion (BAIC) has focused its efforts on having Bahamas-
manufactured goods sold in the Straw Market instead of
imports, which drive $300 million out of the country, its
deputy chairman said recently.

This comes on the heels of a federal counterfeit goods
sting in New York involving nine Bahamian straw vendors.

Ronald Darville, speaking at the Abaco Business Outlook,
said manufacturing handicrafts for sale locally is a huge
opportunity to spawn small and medium-sized industries and
capturing millions of dollars spent on imported souvenirs.

“We see it as our
responsibility to not just
continually bring these
opportunities to the atten-
tion of Bahamians but
also to provide incentives
for them to take advan-
tage of them,” said Mr
Darville.

“Thus armed with our
best handicraft trainers,
we have been throughout
the islands instructing
Bahamians in the fine art
of souvenir production,
utilizing basically the
ingredients found in the
local environment.”



“I take note that
the Straw Market
downtown Nassau
is fast nearing com-
pletion,” he said. “It
is our plea to the
Ministry of Tourism
that that facility be
a showcase to the
world of authenti-
cally Bahamian
products, and not
just a replica of
what’s currently
obtained under the
tent.”

Artisans

According to Mr
Darville, hundreds of arti-
sans have already been
trained, handicraft asso-
ciations formed and
national exhibitions held
featuring authentically
Bahamian products.

He added that “indicators” have shown that visitors pre-
fer authentically produced handicrafts, and suggested that
opportunities “abound” for the start-up of small and medi-
um-sized businesses that cater to tourists.

Mr Darville said that when the new Marsh Harbour Farm-
ers Market is complete there will be accommodations for
Abaconian artisans. He pled for the Ministry of Tourism to
use the new Downtown Nassau Straw Market to do the
same.

“T take note that the Straw Market downtown Nassau is
fast nearing completion,” he said.

“It is our plea to the Ministry of Tourism that that facili-
ty be a showcase to the world of authentically Bahamian
products, and not just a replica of what’s currently obtained
under the tent.”

Some National Training Programme participants unveiled
their shell craft at the Bahamas Chamber of Commerce
last month, many of them lauding the initiative for opening
their eyes to the trade and helping them create a business
where they never before thought one existed.

Triple Play provider
eyes extra $6m spend

FROM page 1B

ica by subleasing fibre band-
width to support their ser-
vices.

The company has its dis-
tribution towers on order to
be placed in strategic loca-
tions to service the Abaco
community.

Mr Sumner said the com-
pany has also reopened dis-
cussions with BTC for an
interconnection agreement
that had been shelved for
some time.

The company also has full
approvals from the Utilities
Regulation and Competition
Authority (URCA) that
“allows the company to pro- ,
vide its full suite of services”.

While the bandwidth
demand for the services will
be enormous, Mr Sumner is
sure the network will be able
to allow video services from
the “back office to the
home”, as well as mobile
television and managed tele-
vision, which has been the
main driver of traffic on the
network. “This compelling
service infrastructure must
handle high volume, multi-
cast and uni-cast traffic
while meeting the high
demand required,” he said.

INSIGHT

For the stories



Ronald Darville

ai o ba 393-4002
393-4096

behind the news,
read Insight on Mon-
fe NYE)

Diversiriep Business & Accountinc Ltp.

(Patrick Smith - BICA Licensee Founder)

Presents its

1* Business Seminar on Thursday, October 7, 2010

British Colonial Hilton Hotel (9am -5pm)

"Mi aximizing Your Business Performance

Making IT Work for
Your Bupsicvess
Mark Whitnhouie =
BGC Led.

Financing Your
Business Projects -
Jerome Gamez,

Garner Corp, Mgmt.

Trade & industry
Opportunities =
Mhoolis Relfe, Bah,
Chamber af
Commerce

Registration forms available online at dba-bahamas.co

Building &
Managing: Your
Busieess — Pirtrick
Smith, Oia Led.

HIE-Current lenpacts
& Fubare
Expectations -
Algernon Covgill,
Director of Ao

Business isis Ba
Reality”, Bankers.
Porspective-Hebert
Edwards, Oo

Mobilizing and Maximizing
Your Human Resources =
Yurtte Bethe,
Organizational Soul

n. Also at

Glinton Sweeting O'Brien, Reception Desk (303 Shirley Street-Destinations Bldg.)

Wong

428-3500

Stamp and Printing (Brenda) - Chesapeake Road 393-5506

REGISTRATION FORM

Name:
Title:

Company:

Telephone:

Email:

Registration $125.00 per person

poenee breakfast, lu neh & pane

Call 676-6873 or 397-9072 for additional information.

Sept 24th - Oct 9th, 2010

ala (s Ba

etn we rood 7 ft/eie) ef pi

i ie ny
oul vid FAO Sb te)
AT od

Fad ree em Cali)

NOW OPEN 7AM

REGISTER EARLY - SPACE US LIMITED!



eens aa
=> alt [easa@ala’e

20

¢ Herend Foren teg)
¢ Raynaud Limoges * Dansk

¢ Medard De Noblat * Spode

¢ Noritake ¢ Red Vanilla
¢ Wedgwood ¢ Mikasa

e Lenox oes Remmi



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





PAGE 4B, FRIDAY, SEPTEMBER 24, 2010

THE TRIBUNE





Minister dismisses junk hond' fears

FROM page 1B

that downgrade from Standard &
Poor’s is beginning to show in the bor-
rowing environment.

“If we had to get this money from
the market for Bahamas government
bonds at 7 per cent, that’s a junk bond,
because the 30-year US Treasuries are
paying less than 4 per cent, and the
one-year London Inter-Bank Offering
Rate (LIBOR) is less than 1 per cent.

“So, clearly something out there if
the rates we are now hearing are to be
believed. This is very concerning. We
all ought to be quite concerned about
what’s happening with that debt.”

These concerns were refuted yester-
day, though, by present minister of
state for finance Zhivargo Laing, who
pointed out to Tribune Business that
the Government’s last international
capital market borrowing, the $300 mil-
lion bond issue placed in late 2009, had
attracted the same 7 per cent interest
rate before S&P made its downgrade



ZHIVARGO LAING

move. While the Government would
never have put the $58 million financ-
ing needed for the JFK Drive expan-
sion out to the global markets, as its
relatively small size meant it would
have been difficult to attract investors,
Mr Laing said the 7 per cent rate
obtained prior to the downgrade was
competitive.

“It was the rating itself that was
revised downwards,” Mr Laing
acknowledged. “Obviously, that makes
our money more expensive, but we’re

still investment grade.”

S&P downgraded this nation's long-
term debt from an 'A-' rating to 's',
reflecting the Bahamas’ weakening fis-
cal position. It said the lowering of the
Bahamas’ long-term sovereign credit
rating was directly related to its "dete-
riorating fiscal position".

Meanwhile, Mr Smith yesterday sug-
gested that the Government may have
underestimated the depth and length of
the recession with its decision to fund
deficit spending by borrowing, ques-
tioning whether that was now “an
appropriate policy response to that
debt”.

He also pointed to the fact that the
Bahamas’ total foreign currency debt
stood at $1.139 billion at year-end 2009,
having more than doubled compared
to 2005-year end’s $553.442 million.

This, Mr Smith said, ultimately had
implications for the Bahamas’ foreign
exchange rate, and he added: “If that
doesn’t worry us, I don’t know what
should.”

FROM page 1B

field and competition,” Mr
Sumner said. “Frankly, I
think the deal is going to be
anti-competitive to the mar-
ket. I have similar concerns
about the BTC deal [pri-
vatisation].”

Mr Sumner said he did
not want to comment fur-
ther until IP Solutions Inter-
national’s Board approved
an official company state-
ment, which they were
scheduled to do yesterday
afternoon.

Rival telecoms players
and interested parties have
until October 1 to submit
their comments and con-
cerns about the Cable
Bahamas/SRG tie-up to the
Utilities Regulation & Com-
petition Authority (URCA),
the sector regulator that will
make the determination as
to whether to approve the
merger.

The opposition from rival
telecoms players, especially
smaller ones and start-ups
such as IP Solutions Inter-
national, is both predictable
and understandable, since
they will fear the merged
entity - together with a pri-

WASHERS &

‘Anticompetitive’ fears

over Cable,

vatised BTC - will have
enough market share,
economies of scale and pow-
er to force out all rival oper-
ators. Both Cable
Bahamas/SRG and BTC
have their own infrastruc-
ture and networks, a price-
less advantage, since other
operators will either be
forced to finance their own
or rent/lease from the two
incumbents.

Market observers have
already privately told Tri-
bune Business that Cable
Bahamas’ decision to for-
mally consummate its mar-
riage with SRG, something
that has been in the making
for five-six years, seems to
presume that the Bahamian
communications market will
effectively evolve into a
duopoly, dominated by the
merged entity and BTC at
the expense of all others.

Indeed, Cable Bahamas
has made no secret of its
desire to obtain a cellular
licence when that sector is
opened post-privatisation,

DRYERS

DESIGN &
INNOVATION

The fine line of General Electric appliances found
at Geoffrey Jones are designed to suit your needs,
providing the ultimate in convenience, performance
and style. With the best that technology has to offer,
competitive pricing and a full service department,
Geoffrey Jones is your ultimate appliance centre.

imagination at work GEOFFREY

Sales & Full Service Department
Rosetta & Montgomery Streets

322-2188/9

JONES & CO



SRG merger

something that would fur-
ther a duopoly position if
granted. And, if Cable &
Wireless becomes the pri-
vatisation partner for BTC,
it will bring its video/TV
offering to that company,
positioning the two ‘incum-
bents’ to truly go head-to-
head. Whether this happens
at the expense of increased
competition from rival oper-
ators is likely to weight
heavily in URCA’s deliber-
ations, with the regulator
also having to take into
account whether the
Bahamas’ relatively small
300,000-350,000 population
can sustain more than just
Cable Bahamas/SRG and
BTC.

One source suggested that
Cable Bahamas’ decision to
move now on executing the
call option to acquire SRG
indicated it was extremely
confident that it would pass
all URCA’s Significant Mar-
ket Power (SMP) obliga-
tions in short order.

This requires it to com-
plete the accounting sepa-
ration for all its business
lines, in addition to splitting
off - or unbundling - its cable
TV offering from its Inter-
net business. Anthony But-
ler, Cable Bahamas’ presi-
dent and chief executive,
recently indicated the com-
pany believed it would meet
its obligations shortly.

Another issue URCA was
likely to reflect on, the
source said, was whether

Cable Bahamas had fulfilled
its contractual commitments
to bring its cable TV services
to all Bahamian islands. This
has been a bone of con-
tention in the past, with
Cable Bahamas arguing it
has done the necessary, but
the source said comments
by SRG president, Paul
Hutton-Ashkenny, indicat-
ed this might be achieved
“ass backwards”, as the
BISX-listed firm would be
able to use its new sub-
sidiary’s network to reach
islands that previously were
not commercially viable.

Other responses to the
merger have, to-date, been
noncommittal. Marlon John-
son, BTC’s vice-president of
sales and marketing, told
Tribune Business: “One of
the things BTC has always
gone on record as saying is
that it supports all moves
that enhance competition in
the sector, because it bene-
fits the consumer.

“We want to ensure that
everything is done in accor-
dance with the spirit and
intent of the Communica-
tions Act, the regulations,
Utilities Regulation & Com-
petition Authority (URCA),
and the proper regulatory
criteria.

“Once that is done, we
recognise that the growth of
the market and develop-
ment of the market is some-
thing that benefits all players
in the market, and most
importantly benefits con-
sumers in the market.

“We support the partici-
pation of companies in a
way that certainly benefits
society as a whole.”

NOTICE

FREE SEMINAR!!!

All

members of the Public

Workers’ Co-operative Credit
Union Limited, and the general
public, are invited to attend
a FREE LEGAL SEMINAR,

sponsored by

the Educa-

tion Committee of the Public
Workers’ Co-operative Credit
Union Limited to be held on
Friday, September 24th, 2010,
at the Bahamas Co-operative
League Limited, Russell Road,
Oakes Field (next to Wendy’s),
beginning at 6:00p.m.

Presentations will be made by:

1) Obie Ferguson - on Labour
Law and;

2) Constance Delaney - on
Commercial Law

Plan to attend and
bring a friend!!!

Refreshments will be served.



‘We're begging like children’

FROM page 1B



tion’s (BCA) president, said the organisation was working
hard to get contractors - as opposed to tradesmen - involved
with projects such as Baha Mar’s proposed $2.6 billion Cable
Beach expansion and the $409.5 million Lynden Pindling Inter-
national Airport (LPIA) redevelopment, because little knowl-
edge transfer would take place if Bahamians simply provided
the labour.

To facilitate this, Mr Wrinkle again called for the Govern-
ment to pass the Contractors Bill into law, since it would stop
Bahamian construction companies “begging like children for a
piece of the pie” on these projects through implementing an
internationally-recognised licensing and certification system.

Given the absence of a system that showed Bahamian con-
tractors met international standards, the BCA president said
that in many cases the developers themselves - despite wanti-
ng to hire locally - were prevented from hiring local firms by
their financiers, insurers and bonding companies.

Telling Tribune Business that the BCA was “working very
hard” with the Nassau Airport Development Company (NAD)
to maximise Bahamian contractor participation on the phase
two redevelopment, the renovation of the existing US departure
terminal building, Mr Wrinkle said a major concern was that
LPIA and other major projects would suck labour away from
existing contractors.

“Those contractors may have paid to train those several
thousand workers, but will be left with none if they’ve left us to
work on the airport and Baha Mar, so that is why we’re now
pressing to involve not just the tradesmen but the contractors,
who can bring a whole unit to the table,” Mr Wrinkle explained.

Small contractors, who frequently employed three to five
workers, could be “stuck with no crew”, the BCA president
added, telling this newspaper: “That is the big threat, and why
we’re working so hard with these companies to get the small

contractors involved.”
Retarded

Minimal Bahamian contractor involvement on key invest-
ment projects also retarded this nation’s growth and develop-
ment, he argued, as there would be no knowledge transfer
opportunities and chance for local companies to prove them-
selves.

“Td hate for people to think we’ve been successful if we
have a 75-80 per cent Bahamian workforce on these projects.
That’s just a job. We’ll never grow ourselves to mature status
as a developed country if all we’re doing is providing labour.
There’s no knowledge transfer,” Mr Wrinkle said.

“We have to make sure our contractors have active partici-
pation in these projects. They have to be licensed, trained and
certified. We must get ourselves organised and have working
relationships with them [foreign investors and developers] to
feed those workers into the system. It’s not an easy task for our
side, and not an easy task for their side.”

Bahamian contractors and tradesmen also needed to “rede-
fine” their roles if they were to increasingly work on major, for-
eign direct investment-driven projects, Mr Wrinkle said, some-
thing that would be facilitated by passage of the Contractors
Bill.

“Unless we get this Contractors Bill passed, and interna-
tional developers have some assurance that a contractor or
sub-contractor meets some international requirement, we will
continue to struggle to get a piece of the pie on these pro-
jects,” the BCA president said.

“Developers are bound by criteria from banks, bonding and
insurance companies, and in many cases cannot afford the lux-
ury of hiring someone at their discretion. The Contractors Bill
will stipulate licensing requirements that will be internationally
recognised. The sooner that we get our Bill passed and house
in order, the sooner we will be able to play an active role in the
development of the country.”

Mr Wrinkle said the Bill’s passage into statute would mean
the BCA no longer had to “raise its voice” about getting
Bahamian contractors to participate in major development
projects. “We have to justify ourselves because we do not have
the legislation in place to do that for us,” he added. “In an envi-
ronment such as the Bahamas, where we’re completely reliant
on foreign direct investment projects for economic growth, it is
imperative we enact legislation that ensures maximum Bahami-
an participation.

“There is no way that the Bahamas is going to fund its own
growth; we all recognise the need for foreign direct invest-
ment, but my God, at least pass the legislation to help us get a
piece of the pie. We’re out there begging like children.

“Tf the Government can do its part in passing legislation
and mandating funding from any foreign direct investment
application, we know we’ve got the structure through licensing
to provide quality people to build these projects. It’s not an
insurmountable task, and requires a little commitment on
everyone’s part.”

Julius Bar

Julius Baer Group, the leading dedicated Wealth
Management is seeking candidates for the position of:

RELATIONSHIP MANAGER
(Part time 50%)

CORE RESPONSIBILITIES:

Acquisition of new clients and servicing existing client
relationships with focus on Italian speaking market.
Promote Nassau as financial centre and JB Nassau
as booking centre for offshore clients.

REQUIRED SKILLS:

Excellent Italian verbal and written communication
skill PC literate with strong Excel, Word, PowerPoint
(ability to learn new _~ applications quickly)
A commitment to service excellence

EXPERIENCE:
Minimum 7-10 years experience in Private Banking
or related field

EDUCATION:
A Bachelor’s degree with concentration in Economic,
Business Administration or equivalent.

FOREIGN LANGUAGES:
Must speak English and Italian, a third language
would be an asset

We offer a very competitive compensation and
benefits package, a stimulating work environment
and the opportunity to make a significant contribution
to our business while expanding your career.

Interested candidates should forward a copy of their
resume by September 30th, 2010 to the attention of:

BY HAND :

Personal & Confidential

Human Resources

Ocean Center Montague Foreshore
East Bay Street

P.O. Box N-4890

Nassau, Bahamas

BY MAIL:

Personal & Confidential
Human Resources

P.O. Box N-4890
Nassau, Bahamas



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





THE TRIBUNE

FRIDAY, SEPTEMBER 24, 2010, PAGE 5B



INTERNATIONAL BUSINESS



Lenders win Philly XDI SITTERS Re:

papers auction
with $105M bid



ti
ilz a

(AP Photo/Matt Rourke)
READ ALL ABOUT IT: In this file photograph taken April 28, 2010,
Dave Sexton sells newspapers outside the Philadelphia Inquirer and
Philadelphia Daily News building, left, in Philadelphia. Philadelphia’s
two major newspapers may soon go up for auction again after cred-
itors failed to close on their $139 million purchase by a Tuesday Sept.
14, 2010 deadline.

MARYCLAIRE DALE,
Associated Press Writer
PHILADELPHIA

Secured lenders again won a

NEW YORK

Gold prices traded in record territory
again Thursday as inflation-wary investors
bid prices up near the psychologically
important threshold of $1,300 an ounce,
according to Associated Press.

Gold prices gained $4.20 to settle a
record $1,296.30 an ounce, building on
gains it made after the Federal Reserve
announced Tuesday it might take further
steps to stimulate the economy. Investors
buy gold when they want to protect them-
selves against inflation, and it appears the
Fed's statement stoked fears the dollar's
value will continue to fall.

If gold passes $1,300 an ounce, it will
likely stay above that level for some time,
said CPM Group analyst Carlos Sanchez.

"It's seen technically as a resistance lev-
el," Sanchez said. If gold breaks through
that barrier, investors will feel confident
enough to bid it even higher. "The next
rally could be between $1,320, or $1,330,"
Sanchez said.

Gold prices have nearly doubled since
2008, when an economic panic shook glob-
al credit markets and central banks
responded by flooding currency markets.
Since then, global economic uncertainty
and inflation fears have spurred investors
to shift money from stocks and cash into
gold. Other precious metals also rose. Sil-
ver December contracts gained 15.8 cents
to settle at $21.213 an ounce and copper
gained 2.55 cents to settle at $3.5905 a
pound.

September platinum gained $17.30 to
settle at $1,650.20 a pound while Septem-



(AP Photo/Seth Wenig, file)

ALL THAT GLISTERS: In this file photo taken Nov. 8, 2006, gold bars are on display at the
“Gold” exhibit in the American Museum of Natural History in New York. The price of gold
continues to reach new records, crossing $1,290 an ounce on Thursday, Sept. 22, 2010,

for the first time.

ber palladium gained $15.20 to settle at
$554.85. In other trading, grain prices con-
tinued to sag after last week's run-up.

Corn fell 5.75 cents to $4.9925 a bushel.
December wheat contracts fell 22.5 cents
to settle at $6.9725 a bushel. November
soybeans added 5 cents to settle at $10.935
a bushel. Coffee gained 1.55 cents to settle
at $1.8310 a pound.

Oil prices rose after two reports pro-
vided some hope for the economic recov-
ery strengthening. The Conference Board
said its index of leading economic indica-
tors increased more than expected in
August and the National Association of

Realtors said sales of previously occupied
homes rose 7.6 percent last month after
plummeting in July.

Benchmark oil for November delivery
rose 47 cents to $75.18 a barrel on the
Nymex. In other trading, heating oil rose
0.75 cent to settle at $2.1145 a gallon and
gasoline added 1.60 cents to settle at
$1.9174 a gallon.

Natural gas prices edged higher as
traders kept an eye on a potential tropical
storm that could disrupt Gulf of Mexico
production. Natural gas gained 5.3 cents to
settle at $4.019 per 1,000 cubic feet on the
New York Mercantile Exchange.

bankruptcy auction Thursday
for Philadelphia's two largest
newspapers with a $105 million
cash bid.

Their offer topped an $85
million bid from local philan-
thropist Raymond Perelman for
The Philadelphia Inquirer and
Philadelphia Daily News.

Creditors plan to cut costs by
13 percent across the board, but
have pledged to continue pub-
lishing both newspapers and
hold off on any newsroom lay-
offs for at least one year.

The acrimonious 19-month
bankruptcy has been a roller-
coaster ride for employees,
readers and advertisers, incom-
ing Publisher Greg Osberg said.

"We are hoping we've lifted
a cloud,” said Osberg, who said
the turmoil has been especially
difficult for the company's sev-
eral thousand employees.
"They've been extremely
resilient, extremely patient, but
I think they're eager to move
forward."

Osberg vowed immediate
improvements to the newspa-
pers and a more robust online
presence on the Philly.com
website.

The creditors group includes
the hedge funds Alden Capital
and Angelo Gordon, the latter
of which now owns stakes in
newspapers in Los Angeles,
Chicago, Minneapolis and sev-
eral other US. cities.

The group said it will honor
contracts forged in recent
months with most of the 15
employee unions in Philadel-
phia. But creditors’ lawyer Fred
Hodara said that “all options
are on the open" to the buyers
if they cannot make a deal with
holdout delivery drivers who
refuse to sign because of a dis-
pute over pension issues.

The creditors, known as PN
Purchasers, plan to end contri-
butions to their Teamsters pen-
sion fund and switch the dri-
vers to individual 401k plans.
The drivers have balked.

Other unions have negotiat-
ed various ways to reach the
desired cost savings. Newsroom
employees have agreed to a 2
percent wage cut and 10-day
furlough that amounts to a 6

INTERNATIONAL
BUSINESS

percent drop in pay for the next
three years.

The 93-year-old Perelman, a
city native who made his mon-
ey buying and selling business-
es, said this week that he hoped
to preserve the integrity of the
newspapers he cherishes.

Perelman, whose opening bid
was $50 million, said it did not
make financial sense for him to
push his bid any higher. He
wished the new owners well.

"I feel good that we're out
of bankruptcy,” said outgoing
Publisher Brian Tierney, who
led a group of local investors
who borrowed heavily to buy
the company in 2006 for $515
million. The company filed for
bankruptcy in February 2009.
Tierney fought tenaciously with
creditors during the prolonged
bankruptcy process.

"There's been a certain
amount of rawness over the last
couple of years, especially the
last couple of months. We have
to focus on healing,” he said
Thursday.

Creditors had also won a
spring auction for the company
with a similar bid of $105 mil-
lion cash plus the newspaper
building, valued at about $30
million, and a few million in
costs.

But they walked away from
that $139 million deal over the
stalemate with the drivers’
union.

Chief U.S. District Judge
Stephen Raslavich wants
Thursday's sale to close by mid-
October. The auction is part of
the Tierney group's Chapter 11
reorganization plan. A plan
confirmation hearing is set for
Sept. 30.

Dr. Kendal V.O. Major and staff would like to

Welcome

DR. ALIA P. CAMPBELL DDS

(General Practitioner)
to the practice of Center for Specialized Dentistry
#87 Collins Ave.
Tel: 325-5165

Wishing her success, as she contributes to a healthy
Bahamas and serve the people of our Nation.

“Touching people changing lives”



Ohama pursues currency spat in meeting with China

UNITED NATIONS

President Barack Obama
said Thursday that U.S. coop-
eration with China has helped
ease global financial turmoil,
but behind closed doors he and
Premier Wen Jiabao continued
wrangling over American
charges that China's currency
is undervalued, according to
Associated Press.

AUS. official who was pre-
sent called talks between the
two "positive" and "genuine"
but acknowledged that the cur-
rency dispute was the dominant
issue. U.S. exporters contend
China's yuan is kept artificially
low, giving Chinese companies
an unfair advantage.

In aspeech Wednesday, Wen
denied that — and warned
against letting the issue be
politicized. "There was a





lengthy discussion of the impact
and the politics of the issue,"
said Jeffrey Bader, an Asia
expert on Obama's National
Security Council.

Bader said Wen reiterated
China's intent to gradually
allow the yuan to rise. But Oba-
ma has publicly said that's not
happening fast enough.

The meeting with the Chi-
nese leader came on the side-
lines of the U.N. General
Assembly meeting in New
York. During a brief photo ses-
sion, Obama praised Chinese
leaders for working with the
United States on economic,
nuclear nonproliferation and
Asian security issues.

But, Obama said, "obviously,
we continue to have more work
to do on the economic front."

"It is going to be very impor-
tant for us to have frank dis-

THE COLLEGE OF THE BAHAMAS

Visit our website at www.cob.edu. bs

NOTICE

The deadline for applications for Spring
(January) 2011 admission is
Friday, September 24th, 2010 at 4:00 p.m.
















Applications may be accessed online at
www.cob.edu.bs or collected from the
Office of Admissions, ph: 302-4499/302-4462
or email: admissions@cob.edu.bs

ee

A well established company
in the west in seeking to employ
a maid. All intrested persons
arte asked to call 362-4177/8/9/
Own Transportation a Plus..


















NOTICE

ALFARG), FERRER & RAQIREZ (BAHAEAS) LIMITED

Pursuant % Ge pr

visit of Seaion M4

Comipacies cl, 19902, notice a

bershy piven thet the disotetion of ALPARA, FERRER & HAMIRES (BAHAY AS)

LINOTED tas been compkted, a Letter

Company hes therefore been saruck olf the Register

teoluen wate 89th odo

af Digsvlation bret bee aeaed and. the

The dee: of complstoa off the

Sort ealer 2h

Dated the #779 dep od SRRtEBMET 09,

Se

a

*

Camila Mendez Chitty

Lai

cussions and continue to do
more work cooperatively in
order to achieve the kind of
balance of sustained economic
growth that is so important,"
he said.

Despite intertwined
economies and a growing
dependence on each other in
global diplomatic, environ-
mental and security matters,
Washington and Beijing have
deep differences, especially on
economic and trade policies.
Trade friction has become even
more pronounced ahead of
USS. congressional elections in
November and at a time of high
American unemployment.

In their public comments,
Obama and Wen focused on
the positive.

"Our common interests far
outweigh our differences," Wen
said through an interpreter.

US-China cooperation, Oba-
ma said, is "a critical ingredi-
ent in a whole range of security
issues around the world."

In his Wednesday speech,
Wen saw no link between the
yuan's value and China's trade
advantage over the United
States. The politically sensitive
USS. trade deficit with China
jumped to $26.2 billion in June,
the largest one-month gap since
October 2008.

High End Commercial Real Estate

Multi-Family Lot for sale
Beautiful Westridge Estate North
105 x151 6 plex lot (16170 Sq.Ft.)

Paved Roads All Utilities $219,000.00
Bank Financing Available 5% Down
Tele: 325-1325 / 422-4489 / 477-0200



MEET +350 exhibitors from +27 countries

VISIT 20 international pavilions, offering
unique products and services

NETWORK with 6,000 food and beverage
buyers from 63 countries under one roof

WITNESS the Americas Chef Competition,
where Olympic Chefs try to conquer the

Americas

DON’T MISS the “Taste of Peru’ Pavillion

BENEFIT from aone stop opportunity for
ideas, products and business

Register NOW:
www.americasfoodandbeverage.com

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





THE TRIBUNE

FRIDAY, SEPTEMBER 24, 2010, PAGE 7B



Home sales
On pace to
inish year as
bad as 2009

ALAN ZIBEL,
AP Real Estate Writer
WASHINGTON

This year's home sales are
shaping up to be as dismal as
last year, despite cheap home
prices and mortgage rates that
have fallen to the lowest levels
in decades.

Sales of previously occupied
homes rose last month, but not
enough to keep this summer
from being the slowest for
home sales in more than a
decade. And the year is not
expected to finish much better.

About 3.4 million previously
occupied homes have been sold
in the U.S. through August.
Most experts expect roughly 5
million to be sold through the
entire year. That would be in
line with last year's totals and
just above sales for 2008, the
worst since 1997.

A few even think sales will
fizzle so much this fall that the
year will finish worse than 2008,
when the country was in the
deepest recession since the
Great Depression.

"We don't have great expec-
tations for housing for the
remainder of the year," said
Michael Feroli, an economist
at JPMorgan Chase, who
expects around 5 million homes
will be sold this year. "If you're
not confident (in the economy),
you're not going to be buying a
home."

High unemployment and a
record number of foreclosures
have kept the economy from
gaining strength since the reces-
sion ended. Those factors have
also deterred people from buy-





INTERNATIONAL
BUSINESS

ing homes, with many worried
that home prices have yet to
reach their bottom.

The median sale price last
month was $178,600, up only
0.8 percent from a year ago.
Potential buyers are nervous,
said Eric Matz, a real estate
agent with Coldwell Banker in
the San Diego area.

"Nobody wants to see their
investment go down after they
buy it,” he said. "It's as tough as
I've ever seen it."

Sales of previously occupied
homes did increase 7.6 percent
in August from July to a sea-
sonally adjusted annual rate of
4.13 million, the National Asso-
ciation of Realtors said Thurs-
day. But July's sales were the
worst in a 15 years, making
August the second worst since
1997.

The cheapest mortgage rates
in decades haven't helped. The
average rate on a 30-year fixed
mortgage was unchanged at

Initial claims for
unemployment




Pan

SIGN OF HOPE: In this Sept. 16, 2010 photo, Cotonnon offers

aid rise to 405K

Reed Saxon/AP Photo

’
'

jobs at their store in the downtown shopping district of Santa

Monica, Calif.

CHRISTOPHER S. RUGABER,

AP Economics Writer
WASHINGTON

INTERNATIONAL BUSINESS



(AP Photo/Rich Pedroncelli)

ON THE MARKET: In this photo taken Thursday, Sept. 16, 2010, a short sale home is seen in Sacramento,
Calif. Existing-home sales rose in August following a big correction in July, according to the National Asso-

ciation of Realtors

” fear

aca Pease

7. 966.376-31 1Q—

4.37 percent, mortgage buyer
Freddie Mac said. Earlier this
month, the rate dipped to 4.32
percent, which was the lowest
level on records dating back to
1971.

And unlike last year, this fall
there are no government incen-
tives to encourage home-buy-
ing. Those were offered
throughout most of 2009 before
ending in April of this year.

Incentives

The real estate industry
pushed hard for those incen-
tives, making the case that they
would help the housing market
recover. The Obama adminis-
tration spent $25 billion on the
tax credits. But many econo-
mists say the government sim-
ply encouraged buyers to make



their purchases earlier in the
year.

Moody's Analytics projects
5.17 million homes are likely to
be sold this year. That's about
level with 5.16 million last year
and slightly above 2008's 4.9
million.

Americans bought more than
6 million homes a year from
2003 to 2006, when the hous-
ing market was booming.

Patrick Newport, an econo-
mist with forecasting firm IHS
Global Insight, doesn't see the
housing market returning to
those levels until 2013.

And Newport thinks 2010
will end up as the worst year
since 1997, projecting just 4.79
million homes will be sold. The
weak job market is dampening
sales, he says.

"When they start hiring, peo-
ple will move more, which

WANTED

Bahamas Chest Centre Pharmacy is seeking to fill
the position of a Resigtered Pharmacist

Interested candidates may submit their resumes to
the attention of:

Director, Bahamas Chest Centre Pharmacy
72 Collins Avenue, P.O. Box N-4296
Nassau Bahamas
Tel: 356-6666
Fax: 356-6680
Only qualified applicants will be short listed for
consideration.

PUBLIC NOTICE

INTENT TO CHANGE NAME BY DEED POLL

The Publicis hereby advised that|, FRITZ NEFFRARD
of P.O.Box N10606, intend to change my name to
FRITZ NELFRARD. If there are any objections to this
change of name by Deed Poll, you may write such
objections to the Chief Passport Officer, PO.Box
N-742, Nassau, Bahamas no later than thirty (80)
days after the date of publication of this notice.

ROYAL FIDELITY

Money an ierk

means more homes will sell,"
he said. Foreclosures have hurt
the market by pulling down
prices. About 2.5 million homes
have been lost to foreclosure
since the recession started in
December 2007, according to
RealtyTrac Inc. And another
3.3 million homes could be lost
to foreclosure or distressed sale
over the next four years,
according to Moody's Analyt-
ics. That means buyers have
tons of properties to choose
from and don't need to hurry.

Even those who want to buy
are trying to weed through
dozens of properties that are
often in bad shape.

And buyers often face delays
even when they do make an
offer.

Valkyrie Barnett, 27, of Seat-
tle, and her husband have been
on the home hunt for five
months. They've seen as many
as six houses a week, but most
have been foreclosures with
severe damage.

They put in an offer on one
property in June, but haven't
gotten a reply. The home is a
so-called short sale — one in
which the bank agrees to let a
home sell for less than what the
borrower owes on the mort-
gage. Those sales often take
months to complete.

While she'd prefer to buy a
home soon, Barnett says time is
on her side. "I don't feel super
rushed," she said.

Stocks erase
losses on modest
rise in home sales

STEPHEN BERNARD,
AP Business Writer
NEW YORK

Stocks erased early losses
Thursday after slightly better
news on U.S. home sales and
leading indicators offset con-
cerns about Europe's economy
and a jump in unemployment
claims. Market indexes inched
higher in midday trading after a
gauge of future economic activ-
ity rose modestly and home
sales climbed from 15-year lows
in August. Stocks had fallen
sharply at the opening after
claims for unemployment ben-
efits jumped unexpectedly last
week and new signs emerged
of a slowdown in Europe.

The Dow Jones industrial
average rose 15 points in mid-
day trading after being down
as much as 94 shortly after the
opening bell. Investors hoping
to avoid risk continued to pile
into Treasurys, sending inter-
est rates lower.

Healthy

Thursday's turnaround “real-
ly shows we have healthy senti-
ment," said Anthony Chan,
chief economist at J.P. Morgan
Private Wealth Management.
"It shows the market can ignore
some bad news if it's somewhat
balanced with encouraging
data."

The National Association of
Realtors said sales of previous-
ly occupied homes rose 7.6 per-
cent last month after plummet-
ing in July. The rebound was
encouraging, but volume
remains weak and August was
still the second-worst month for
sales in more than a decade.
Some analysts are hopeful that
home sales have bottomed out.

Chan said expectations for
the housing market were "so
dire” that any signs of growth is
considered positive.

The Conference Board, a pri-
vate research group, said its
index of leading economic indi-
cators increased more than
expected in August. The gauge
is designed to predict future
growth, so a jump in the index
means the economy will likely
continue to expand in the com-
ing months.

PUBLIC NOTICE

INTENT TO CHANGE NAME BY DEED POLL

The Public is hereb
SAMUEL KNOWLES o
Palm Shores on

advised that |, STEPHEN
the Settlement of Bahama
Island of Abaco, Bahamas,

intend to eae my name to STEPHEN SAMUEL

McKENZIE. If t

ere are an

objections to this

change of name by Deed Poll, you may write such
objections to the Chief Passport Officer, PO.Box
N-742, Nassau, Bahamas no later than thirty (30)
days after the date of publication of this notice.

NOTICE

NOTICE is hereby given that WISLET BELIZAIRE of 863 Flat
Shoals Rd Conyers, Ga 30094, is applying to the Minister
responsible for Nationality and Citizenship, for registration/
naturalization as a citizen of The Bahamas, and that any
person who knows any reason why registration/naturalization
should not be granted, should send a written and signed
statement of the facts within twenty-eight days from the 24%
day of September, 2010 to the Minister responsible for
nationality and Citizenship, P.O. Box N-7147, Nassau, Bahamas.

crAL

% EJ FG CAPITAL MARKETS
cS BROKERAGE & ADVISORY SERVICES
E

creer ca wT AT.

BISX LISTED & TRADED SECURITIES AS OF:

The tally of newly laid-off U.S. workers requesting unemploy- Sb el eg Se a eres

ment benefits rose last week for the first time in five weeks as the
job market remains sluggish.
Initial claims for jobless aid rose by 12,000 to a seasonally adjust-

BISX ALL SHARE INDEX: CLOSE 1,500.50 | CHG -0.03 | %CHG 0.00 | YTD -64.88 | YTD % -4.14
FINDEX: CLOSE 000.00 | YTD 00.00% | 2009 -12.31%
WWW.BISXBAHAMAS.COM | TELEPHONE:242-323-2330 | FACSIMILE: 242-323-2320

: | 52wk-Low Securit y Previous Close Today's Close Change Daily Vol. EPS $ Div $
ed 465,000, the Labor Department said Thursday. Many economists ; 7.00 AML Foods Limited TOT T-O7 0.00 0-250
7 B 9.67 Bahamas Property Fund 10.63 10.63 0.00 0.013
had expected a flat reading or small drop. ‘ 4.50 Bank of Bahamas 4.90 4.90 0.00 0.598
The rise suggests that jobs remain scarce and some companies : SE ee a cis ace aoe Soe ee
7 7 7 7 i+7 7 . 2.14 Fidelity Bank 2.17 2.17 0.00 0.016
are still cutting workers amid weak economic growth. Initial claims Y eS NEldely Ban sale ale 8 oe
have fallen from a recent spike above a half-million last month. But - 2.50 Colina Holdings 2.50 2.50 0.00 0.781
. i 5.40 Commonwealth Bank (S1) 6.28 6.28 0.00 0.422
they have been stuck above 450,000 for most of this year. ! 1.63 Consolidated Water BDRs 1.84 1.84 -0.03 0.114
é . * . soe s 1.60 Doctor's H: ital 1.90 1.90 0.00 0.199
"What's becoming increasing clear is that this isn't a normal S94 Famguard 6.07 6.07 0.00 -0.008
recovery," said Dan Greenhaus, chief economic strategist at Miller : Yo TU ea lth a so aaa ae oak
" ' 7 7 7 a 3.75 F 1 (S) 5.46 5.46 0.00 0.366
Tabak. "There's little we can do to create jobs until demand ; Fee CO at eens ae Fae ie oaee
returns, and demand isn't returning. . 5.00 ICD Utilities 5.59 5.59 0.00 0.012
9.92 J. S. Johnson 9.92 9.92 0.00 0.883

10.00 Premier Real Estate 10.00 10.00 0.00

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

Security Symbol Last Sale Change Daily Vol. Interest

Bahamas Note 6.95 (2029) BAH29 99.46 6.95%
Fidelity Bank Note 17 (Series A) + FBB17 100.00 7%
Fidelity Bank Note 22 (Series B) + FBB22 100.00 Prime + 1.75%
Fidelity Bank Note 13 (Series C) + FBB13 100.00 i! 7%
Fidelity Bank Note 15 (Series D) + FBB15 100.00 0.00 Prime + 1.75%

Separately, the National Association of Realtors said sales of pre- 0.355
viously occupied homes rose 7.6 percent in August from July, to a
seasonally adjusted annual rate of 4.13 million. Still, it was the sec-
ond-worst month for sales in more than a decade. July was the

worst month for sales in 15 years, a factor unchanged by a slight-

52wk-Hi 52wk-Low
20 November 2029
19 October 2017
19 October 2022
30 May 2013

29 May 2015

ly upward revision. And the Conference Board, a private research RoyalFidélity Merchant Bank & Trust Ltd) (Over-The-Gounter Securities)
-
group, said its index of leading economic indicators rose modest- wie oe eee a Aske SS oe

0.001 0.000

ly in August, more evidence that the economy will keep growing : NO olin as RSE ies ESTs eS
at a slow pace through the fall. 29.00 ABDAB , 31.59 29.00
Jobless claims typically fall below 400,000 when hiring is robust See Deere cr erate ease
and the economy is growing. SERB ene Nas av
The four-week average of claims, a less volatile measure, CFAL MSI Preferred Fund 2.9115
declined by 3,250 to 463,250. That's the lowest level since the end Royal eldcine Banames & 2 beoA
of July, but down by only 4,000 since January. joa.sese
Initial claims, while volatile, are considered a real-time snapshot Coa
of the job market. The weekly claims figures are considered a 088
measure of the pace of layoffs and an indication of companies’ will-
ingness to hire.
New requests for jobless benefits have fallen sharply since June
2009, the month the recession ended. They topped 600,000 at the
end of that month. But most of the decline took place last year.
Economic growth has slowed considerably in recent months, and
many employers are reluctant to add new employees. The econo-
my grew at a 1.6 percent annual rate in the second quarter, an ane-
mic pace that isn't fast enough to reduce the jobless rate, now at 9.6
percent. Growth in the current July-September quarter isn't expect-
ed to be much faster.

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

4.540
0.002

0.000
0.000

YTD%
3.59%
0.85%
3.02%
-8.16%
0.46%
5.20%
-1.52%
3.43%
2.51%
3.37%

NAV 3MTH NAV 6MTH
1.452500
2.906205

1.518097

52wk-Low
1.4005
2.8266
1.4920

Last 12 Months %
6.42%
0.23%
4.36%
-7.49%
2.40%
7.60%
3.56%
5.28%
6.10%
5.64%

2.926483
1.533976

31-Aug-10
10-Sep-10
2.8522 Royal Fidelity Bahamas G & | Fund
13.0484 Royal Fidelity Prime Income Fund
101.6693 CFAL Global Bond Fund
93.1998 CFAL Global Equity Fund
1.0000 FG Financial Preferred Income Fund
1.0000 FG Financial Growth Fund
1.0000 FG Financial Diversified Fund
9.1005 Royal Fidelity Bah Int'l Investment Fund Principal
Protected

31-Aug-10
31-Aug-10
107.570620 30-Jun-10

105.779543

103.987340
101.725415 30-Jun-10
31-Aug-10
31-Aug-10
31-Aug-10
9.5955 2.71%

5.96% 31-Jul-10

10.0000

Investment Fund Principal
S 2 10.3734
Investment Fund Principal
s 3 9.1708 -8.29%
7.5827 -1.74%
MARKET TERMS
YIELD - last 12 month dividends divided by closing price
Li:

-3.69% 3.38% 31-Jul-10
9.1708
-8.29% 31-Aug-10

4.8105 31-Aug-10

r daily volume

NAV - Net Asset Value
N/M - Not Meanin ful
FINDEX - The Fidelity Bahamas Stock Index. January 1, 1994 = 100

traded today
the last 12 months
P/E - Closing price divided by the last 12 month earnin gs
KS) - 4-for-1 Stock Split - Effective Date 8/8/2007
KS1) - S-for-1 Stock Split - Effective Date 7/11/2007
TO TRADE CALL: CFAL 242-502-7010 | ROYALFIDELITY 242-356-7764 | FG CAPITAL MARKETS 242-396-4000 | COLONIAL 242-502-7525





PAGE 8B, FRIDAY, SEPTEMBER 24, 2010

THE TRIBUNE



Philadelphia
becomes largest
US city with casino

JOANN LOVIGLIO,
Associated Press Writer
PATRICK WALTERS,
Associated Press Writer
PHILADELPHIA

Philadelphia took the title
Thursday of largest USS. city
with a casino when Pennsylva-
nia's 10th gambling hall opened
despite years of community
protests and delays.

SugarHouse Casino drew a
raucous crowd of well over a
thousand people to the
Delaware River waterfront.
They waited in the heat more
than an hour, some chanting
"Let us in," before the doors
opened and they got a chance
to play among the 1,600 slot
machines and 40 table games.

A string band entertained
and a Benjamin Franklin looka-
like — led by a fife-and-drum
corps and flanked by two show-
girls clad in feathers and
sequins — presented executives
with a ceremonial key to the
casino.

"SugarHouse is the place to
be in Philadelphia," said Gen-
eral Manager Wendy Hamil-
ton. "Our doors are open."

Lawmakers and officials, in
brief remarks before the open-
ing, praised the creation of
some 900 jobs and other eco-
nomic benefits that came with
the project.

The casino conducted test
runs of the games on Monday
and Wednesday, with the pro-
ceeds going to charity, before

THE WEATHER REPORT ae

hm tHe



INTERNATIONAL
BUSINESS

the Pennsylvania Gaming Con-
trol Board gave it permission
to open. The business pushes
Philadelphia (population 1.55
million) past Detroit (popula-
tion 910,000) to become the
nation's largest city with casino
gambling.

Traffic was snarled outside
the casino and the parking lot
was full as gamblers came by
car, by bus and by taxi to try
their luck.

"I feel it. Today's going to
be a good day. I'm going to win
something,” said Lucinda
Clark, 70, as she sat down at a
John Wayne-themed slot
machine. "This is a beautiful
place and it's a good thing for
the city."

Board Chairman Gregory
Fajt said he was excited about
finally getting SugarHouse off
the ground after all the delays,

INTERNATIONAL shh eSS




LINING UP: People
wait in line for the
opening of the Sugar-
House Casino in
Philadelphia, Thurs-
day, Sept. 23, 2010.
The City of Brotherly
Love became the
largest U.S. city with a
casino Thursday when
the SugarHouse Casi-
no opened its doors
after years of commu-
_| nity protests and
delays.

Matt Rourke/AP Photo

SPLASHING THE CASH: People gamble at the newly opened SugarHouse Casino in Philadelphia, Thursday, Sept. 23, 2010.

caused mainly by litigation
from community protesters,
government agencies and dis-
gruntled bidders.

"There was a lot of litigation
in Philadelphia that we did not
have in other parts of the
state,” Fajt said. "The public
has to understand that these
delays were not the result of
the developer getting cold
feet.”

The protesters haven't gone
away. The grass-roots group
Casino-Free Philadelphia held
an opening day protest and
plans more as it tries to hurt

business at the facility in the
city's Fishtown/Northern Lib-
erties neighborhood.

Members gathered outside
SugarHouse before the grand
opening and unveiled a mural
depicting how they think the
waterfront should look — with-
out a casino. The mural was
drawn by children who live in
the neighborhood and included
images of gardens and play-
grounds.

Now that the casino has
opened, the group plans to have
volunteers regularly patrol the
area in search of problems such

as alcohol violations or kids
being left in cars while their
parents gamble — in hopes of
shutting down SugarHouse,
said group spokesman Dan
Hajdo. The status of a second
casino planned for Philadelphia
remains in flux.

The Pennsylvania Gaming
Control Board's enforcement
division is working to revoke
the license it issued to Fox-
woods, which doesn't have the
money to build right now,
board spokesman Richard
McGarvey said. Foxwoods has
faced daily fines since failing to

meet a December deadline to
provide information about its
financing, design and construc-
tion. But for now, state officials
say they're happy to be mov-
ing forward with at least one
Philadelphia casino.

So far, casinos have generat-
ed $4.3 billion in tax revenue
across the state, with about 60
percent of that going to prop-
erty and wage tax reductions,
Fajt said. In Philadelphia, the
city will get 4 percent of Sugar-
House's gross revenue.

"It's going to be a real bene-
fit to the city," he said.

INSURANCE MANAGEMENT
(BAHAMAS) LIMITED

INSURANCE BROKERS & AGENTS

UV Inoex Tooar

Â¥

| GF |

HIGH

Sone san, tat a Wied y
ps mibbs bowery

High: a7"
Lowa: 7

o|1|2/3
Law als ii

a ete he dee ewtbe: EY fede ret be
panies fhe seed for apa ged chin proiectoce

1d CS By 5u8
Hom po crbie

High: ar"
Lowe: 74"

porns

_ High: 87°
Low: 77 Lowe: 74° Tibes FoR Wassau

Party surery, 2 couple bawdy, i Chak ard sen, a
Low: Fi*
= jt
ad deveica a0 tm ba oe : ying tai sifecu © “7 a poreaes beets. Tereperane kos eeiieat rie ag mrad Pte howe bor chee chy

tions f-starre breery sicwer: besa;
EF Tr F [
1 2 iech oF

High: 90°
oe oa
a + }
= me L eel lew pera oe ee Th

-r F ar -ie F -r" &

pithiure erm b nih me teraty. chet Sao pe a3

Tran ot am

Eid pm

fated 1S am
Bea pn

ALMANAC

Slat oe ae oe Ma ee 2 op, yee Qiian

LM pi

ah
—~ ahr —
WF High
1+ kreats ‘i z= mm -_ breathe biget
= WEST PALM BEACH

ice red ira
High: 37" FSi" G
low. 77 asc

fitanm
iG pon

FREEPORT
BT FC
Loew: 73" FES"

= ia cals

Morre! sear fo chide 345 NT

AccuWeather.com

Formiees and prance proved fy
une Bcc Mewther, Salt
0-20 kate aa" i : mT

Te Lead

Gentian ESS avin
Ennael . Tald pur

Meaarae
Moavict

120 knots

High: 30° Faz" €
2 tethers

12-25 ieee

Soran 1s

today’s weather Temperatuess are today's —

” igttamed ecighiets bie —— tC. i A P

CEU ae ected pee a lg V

_ on
T#-23 knots

= & 2
-

3 Cape Hatteras
‘Chariotie * Highs: s6°Fa0°c
Highs: s2°F33°C

Charneston

Highs: 0° Fia2°c
* Savannah
Highs: $0" JFiaz'c

*, % & > & & +

* & -

“a5 Shows is today’s op
waster Tempershires

are bodlay's highs and

bonight's kava.

Allanta #*
Highs: s2°Faa°c

Pensacola)
Highs: BS FS2"C

Berreucha
Highs: 62°F 28°C

Law 74" AS"C
<<
Â¥

16-25 knerts

Ce
Ade ae a we a
Ch eae or

eo
oe ie Bes
ae ee

+ ay igi oe Fe

we we ee F

i oy
- *
Highs: g1°Fraa-c "Ty
Cozumel Santlage de-Cubea
Highs: SFa2"C Highs: 87° FY31°C
Port-au-Prince
rion « San Juan
Highs, aa,F/34°C e Highs: ae F/Sa° cee
Santa Aunt
Qua
at Deminge Highs: SI°RS2"C
. Highs. BS" Fa0°C

eRe E

MARINE FORECAST

~_2 =e %

Se a SVE VEMGILITY ‘WATER TEMPS.

ale eee,

Barback
Highs: arnaice
Trinitad

*

tae el oe ea a
aa oe a ao
Fee Oe ee oe
ee iB, or

aw it
eed

a
re ty

OA a

2 ee ee a A
+e Pee Te ee Oe

ci

FAP SET EE
r+
ae

ae oe Bly ee ae at
eee we

a OF ee a a |

ote trees
om ree
meen
eo a ae
Fee

ee

INSURANCE MANAGEMENT

(BAHAMAS) LIMITED. INSURANCE BROKERS & AGENTS

fi

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





THE TRIBUNE





D’ARCY RAHMING



YS ———_



FRIDAY,

THE Bahamas Judo Federation
(BJF) will be sending a team to the
Juvenile Pan Am Championships in
Panama on October 2.

The team (SEE page 10) was select-
ed based on members meeting certain
physical and technical criteria, their
participation in an intensive summer
training camp, and their tournament
results in the Bahamas Open in

SPORTS
r |

SEPTEMBER 24,



—

2010

August.

The team is preparing by training 20
hours per week under the watchful
eyes of BJF coach and president D’Ar-
cy Rahming.

The team consists of 11-year-old
Elaina Cuffy of Eastwood Judo, Tajaro
Hudson, 13, of Western Judo Jujitsu,
11-year-old Artio McPhee of All Star
Family Judo and Andrew Munnings,





11, of All Star Family Judo.

"I want to bring home the gold,”
says Andrew, who will be fighting in his
first international tournament outside
the Bahamas.

Rahming said the team has trained
very hard for the championships. "The
kids have trained very hard for this,”
said Rahming. "This will be quite an
experience for them. We are not con-

Stern advises
Arenas to stay
mum on gun

conviction...
See page 11

Judo Federation sending team to Pan Am Championships

cerned with winning or losing at this
stage, just competing well.”

The BJF has began the development
process that is used by other countries
for producing Olympic champions. This
requires athletes to begin serious train-
ing for international competitions by
the age of 11. For further information
or to sponsor future athletes, please
contact the BJF at 364-6773.

Falcons fly over Big Red Machine

FLYIN’ IN: A Jordan Prince Williams Falcons
player slides to get on base yesterday during
the first game of the Bahamas Association of
Independent Secondary Schools junior boys’
softball season. The Falcons came from behind to
defeat the defending champions St Augustine’s
College Big Red Machine at home 15-13.






By BRENT STUBBS
Senior Sports Reporter
bstubbs@tribunemedia.net

he Jordan Prince Williams Falcons

rode into St Augustine’s College Big

Red Machine territory and put a dent

in the Bahamas Association of Inde-
pendent Secondary Schools’ junior boys’ softball
season.

In the season opener for both teams yesterday
at SAC, the Falcons came from behind to fly
past the defending champions Big Red Machine
15-13 in a game that had a whole lot of thrills
and spills.

“Tt was a game that could have gone either
way. We are just glad that we came out with
the victory,” said Falcons’ coach Dave Wood as
Jordan Prince Williams beat their Catholic arch-
rivals for the first time since he joined the Bap-
tist school three years ago.

Tied at 5-5 going into the top of the fourth, the
Falcons managed to surge ahead with three
unearned runs. But that was short lived as the
Big Red Machine rolled back with eight runs on
six hits in the bottom of the frame.

In that frame, Wood argued with the plate
umpire after an out-of-bounds play that should
have only allowed the runners to take one base.
Tt ended up with SAC scoring two runs as they
went on to take a 13-8 advantage.

Refusing to “roll over and play dead,” Wood
gathered his Jordan Prince Williams squad and

taey 100k Inallers ar One hands a5 they Nominate them today for the Sir Gerald Cash National Distinguished Teachers’ Awards!
responded in the fifth with seven runs on six

hits. ce ‘ 2 Fill out a nomination form today available at: www.fidelitygroup.com/ndta
In the rally, Rizzano Russell came through Winners will receive: $1000 & will be inducted into the NDTA Hall of Fame!
with a two-out RBI double and Tray Gilbert

SEE page 10

/
i"



Felipé Major/Tribune staff

Do you know that your
favourite teacher can

$1000!

NATIONAL DISTINGUISHED
TEACHERS’ AWARDS

Nominations close on October 15”, 2010

Presented by:

QUIEEY cxscSnGumn. The Tribune

‘ABLE BAHAMAS

For further information you may email us at:

NDTA@fidelitybahamas.com



eo
rhe

Haste)
Tet ee



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





PAGE 10, FRIDAY, SEPTEMBER 24, 2010



TRIBUNE SPORTS

LOCAL SPORTS



Judo highliights

TEAM BAHAMAS: Shown (I-r) are Elaina Cuffy, Artio McPhee, Andrew Munnings and Tajaro Hudson with
Bahamas Judo Federation (BJF) president and coach D’Arcy Rahming. The BJF will be sending the team
off to the Juvenile Pan Am Championships in Panama. SEE story on page 13



IN TRAINING: Thirteen-year-old Tajaro Hudson (also /eft and top eft), trains for the Juvenile Pan Am Championships set for October 2.

Falcons fly over Big Red Machine

FROM page 13

followed with a run-producing double.

After Litanique Kemp walked and Rashad
Rolle drove in Gilbert with his RBI single,
Wood made a key substitution at the plate
when he brought in Malik Inniss to pinch hit for
Ashton Munroe.

All Inniss did was rip a shot up the middle
that enabled both Kemp and Rolle to score.
They went on to bat around the clock with
Shannon Mark driving in Inniss with the final
run as they took a 15-13 lead.

In the bottom of the frame, Wood, who had
switched starting pitcher Rashad Rolle with
shortstop Rizzano Russell in the fourth, came
back with Rolle on the mound.

And after taking a brief break, Rolle walked
Schamal Forbes, got Kwame Adderley to pop
up and after Ramon Hart was walked, right
fielder Othneil Lightbourne made the catch of
the game with his bare left hand to rob SAC’s
T’Angelo Cargill of a hit.

Rolle then grounded Miguel Bowe’s
grounder and flipped it to Tray Gilbert at first
for the final out as the Falcons celebrated.

“We just dug down deep and after we started
to score the runs, we got some timely hits,”
Wood said. “Once we started to hit, I knew
that we had a chance to win. It was a big win for
us. It was a good win.”

SAC, who got a big two-run in-the-park
home run from Myron Johnson in the first, saw
Shannon Johnson go the distance for the loss.

Coach John Todd said while it was a disap-
pointing loss, it was not one for them to feel that
bad about.

“It’s a young team, but they played well. The
guys were a little nervous,” Todd said.

“This is a different team from last year. The
guys fell a sleep when we took the lead. We
made too many mental errors. But I expect
that as the season progresses, we will get better.
We are the defending champions and when the
playoffs roll around, we will be right there. This
is just a thorn in our side. But we will be okay.”

It was the second day of the BAISS softball
season and the second loss for SAC at home.
On opening day Wednesday, the Big Red
Machine’s senior boys lost to the Nassau Chris-
tian Academy Saints.

5 pe pee
ig

PURE COD ma

SI

[UCOSAMINE Fi
Jp - ey oll

pe Ay .

FTC uaaeae an Ta
aa ;



Photos by Felipé Major/Tribune staff



PLAY ACTION: Jordan Prince Williams Falcons and St Augustine’s College Big Red Machine players in
action yesterday during the first game of the Bahamas Association of Independent Secondary Schools
junior boys’ softball season. The Falcons came from behind to defeat the defending champions SAC at
home 15-13.



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



Full Text



PAGE 1

N N A A S S S S A A U U A A N N D D B B A A H H A A M M A A I I S S L L A A N N D D S S L L E E A A D D I I N N G G N N E E W W S S P P A A P P E E R R C M Y K C M Y K V olume: 106 No.254FRIDAY, SEPTEMBER 24, 2010 PRICE 75 (Abaco and Grand Bahama $1.25 WEATHER SUNNY, T-STORM HIGH 90F LOW 77F B U S I N E S S SEEPAGE1B S P O R T S Customs policys crushing blow SEEPAGE13 Falcons flying By AVA TURNQUEST Tribune Staff Reporter aturnquest@tribunemedia.net T OURISTS, vendors and other locals on Bay Street stood in shock after a patrol officer shot and killed a man police claim had been armed with a boxcutter. Meanwhile, outraged eyewitnesses claim the shooting was unwarranted. C oncerns were also raised at the scene about the timeliness of emergency medical services that took the injured man to hospital where he was pronounced dead. According to the police report by Assistant Commissioner of Police Glenn Miller, the incident began when a female officer saw a man hanging around in the area of the Colony Place building on Bay Street. Unsatisfied with the mans reasoning for being there, the officer reportedly asked him to leave the area. As he was leaving, p olice report, the man and the officer had a verbal exchange that continued as he was crossing the street into the George Street area. Mr Miller explained it was at that time that a male police offi The Tribune THEPEOPLESPAPER BIGGESTANDBEST BAHAMASEDITION McCOMBO OF THE DAY N E W www.tribune242.com B AHAMASBIGGEST CARSFORSALE, HELPWANTED ANDREALESTATE I N S I D E Outrage over police downtown shooting Concerns raised after man dies in hospital By MEGAN REYNOLDS Tribune Staff Reporter mreynolds@tribunemedia.net THE families of four young victims of a serial killer have been denied the right to know how their loved ones died, it was claimed last night. Criticism soon followed as sadistic Cordell Farrington pleaded not guilty to murder but guilty to manslaughter in the Supreme Court yesterday. As his pleas in relation to the murders of Mackinson Colas, 12, Junior Reme, 11, Deangelo McKenzie, 13, and Desmond Rolle, 14, were accepted by Crown Prosecutor Neil Braithwaite, it stung the hearts of those whose childrens lives were violently taken HEALTH officials are warning t he public to avoid being bitten by mosquitos as there have been five confirmed cases of dengue fever int he Bahamas and another 20 susp ected cases. In a statement issued yesterday, the Department of Public Health u rged persons to wear protective clothing and apply insect repellent to exposed areas; use safe householdi nsecticides indoors; maintain the integrity of window and door screens; and remove all possible sites where mosquitos can breed in standing water. These include old tyres, flower vases, planters and garbage Five cases of dengue fever, 20 suspected SEE page nine FIREMEN FIGHT BL AZEATFORMERHOTEL P h o t o / D a v e M a c k e y SEE page nine F amilies denied r ight to know how serial killers victims died SEE page eight By AVA TURNQUEST Tribune Staff Reporter aturnquest@tribunemedia.net FED UP with the sense less crime that they feel has permeated communities across the capital, pastors, business owners and concerned residents met at the scene of the latest homicide to call attention to the deterioration of social values. Deterioration they feel is largely due to the volume and proximity of liquor stores and bars in residential areas. The area was reported by the community leaders to have at least 15 bars, but not one community centre or park. Bishop Simeon Hall said: Somebody should take responsibility for these liquor outlets. We need community L A TES T HOMICIDE PROMPTS CONCERNS OVER LIQUOR STORES AND BARS By ALISON LOWE Tribune Staff Reporter alowe@tribunemedia.net PARENTS are being warned that millions of cans of a popular brand of baby formula have been recalled over fears they may contain small beetles or larvae that will irritate babies digestive tract. Nassau Agencies Ltd, the sole distributor for Similac baby products in The Bahamas, yesterday notified City Market, Super Value, Lowes Pharmacy and the dozens of other foodstores and pharmacies it supplies with Similac goods that they should SEE page nine SEE page nine W ARNING F OR P ARENT S AFTER POPULAR BRAND OF BABY FORMULA RECALLED A CLOUD of black smoke could be seen billowing from several floors of the former Princess Tower Hotel on Thursday as firemen fought for hours to extinguish flames at the 900-room resort property. Several fire units were dispatched to the abandoned building shortly after 1pm, including firemen from the Grand Bahama International Airport. ASP Hector Delva reported that flames were confined to the fourth, fifth, sixth, and seventh floors on the northern section of the tower. No one was hurt. The cause of the fire is not known and police are investigating the matter. The Royal Oasis Resort closed in 2004 after sustaining severe hurricane damage. The property was acquired two years ago by the Harcourt Group. SMOKECLOUDS: The former Princess Tower Hotel. SHOOTING AFTERMATH: A man is placed in an ambulance after being shot by a police officer.P h o t o / M a l c o l m D a v i s B y C H E S T E R R O B A R D S B u s i n e s s R e p o r t e r c r o b a r d s @ t r i b u n e m e d i a n e t I P S O L U T I O N S I n t e r n a t i o n a l ( I P S I ) s t i l l h a s t o i n v e s t a n o t h e r $ 6 m i l l i o n i n i t s T r i p l e P l a y s e r v i c e s i n A b a c o e v e n a f t e r s t a r t i n g b e t a t e s t i n g w i t h h o p e s f o r a c o m p l e t e r o l l o u t o f s e r v i c e s b y y e a r e n d t h e c o m p a n y s p r e s i d e n t s a i d y e s t e r d a y E d i s o n S u m n e r s a i d $ 2 m i l l i o n h a s a l r e a d y b e e n p u m p e d i n t o t h e p r o j e c t f r o m t h e p o c k e t s o f i n i t i a l i n v e s t o r s I P S I i s s e e k i n g t o p r o v i d e A b a c o w i t h t h e T r i p l e P l a y b u n d l i n g o f I n t e r n e t t e l e p h o n e a n d v i d e o t h r o u g h a w i r e l e s s n e t w o r k d e s i g n e d t o b e m o r e r o b u s t a n d f a s t e r t h a n a n y s e r v i c e s o f f e r e d o n t h e i s l a n d o r i n t h e B a h a m a s t o d a t e M r S u m n e r s a i d I P S I s s y s t e m w a s d e s i g n e d t o e x p a n d a l o n g w i t h A b a c o s e c o n o m y a n d p o p u l a t i o n w h i c h h a v e s e e n f a s t e r g r o w t h t h a n t h e i s l a n d s l a r g e r n e i g h b o u r G r a n d B a h a m a O u r e n d e a v o u r i s t o w o r k i n t e l l i g e n t l y a n d m e t i c u l o u s l y t o d e v e l o p a n e t w o r k i n f r a s t r u c t u r e t h a t f u l f i l l s t h e t r u e n e e d s a n d d e s i r e s o f t h e p e o p l e o f A b a c o a n d t o m e e t t h e d e m a n d s o f a n e x p a n d i n g p o p u l a t i o n h e s a i d A c c o r d i n g t o M r S u m n e r t h e c o m p a n y w i l l e m p l o y 1 5 t o 2 0 q u a l i f i e d B a h a m i a n s i n i t i a l l y w i t h a n o p p o r t u n i t y f o r s p i n o f f e m p l o y m e n t f o r v a l u e a d d e d p a c k a g e r e s e l l e r s a n d o u t s o u r c e d t e c h n i c a l s e r v i c e s I P S I h a s f u t u r e p l a n s t o e x p a n d i t s p r o d u c t t o t h e C a r i b b e a n a n d L a t i n A m e r C M Y K C M Y K S E C T I O N B b u s i n e s s @ t r i b u n e m e d i a n e t F R I D A Y S E P T E M B E R 2 4 2 0 1 0 T H E T R I B U N E $ 4 6 8 $ 4 5 1 $ 4 6 9T h e i n f o r m a t i o n c o n t a i n e d i s f r o m a t h i r d p a r t y a n d T h e T r i b u n e c a n n o t b e h e l d r e s p o n s i b l e f o r e r r o r s a n d / o r o m i s s i o n f r o m t h e d a i l y r e p o r t $ 4 3 8 $ 4 3 7 $ 4 2 2 w o r r y f r e eg r o u p p e n s i o n s s o u n d i n v e s t m e n t m a n a g e m e n t i n d e p e n d e n t c o r p o r a t e t r u s t e e o v e r s i g h t i n d e p e n d e n t c o r p o r a t e c u s t o d i a n d i v e r s i e d i n v e s t m e n t p o r t f o l i oa l l o f t h e a b o v ec a l l u s t o d a y a t 3 9 6 4 0 8 0F A M I L Y G U A R D I A N C O R P O R A T E C E N T R E : A T T H E J U N C T I O N O F V I L L A G E R O A D S H I R L E Y S T R E E T & E A S T B A Y S T R E E T I w w w f a m g u a r d b a h a m a s c o m A S U B S I D I A R Y O F B y N E I L H A R T N E L L T r i b u n e B u s i n e s s E d i t o r B a h a m i a n c o n t r a c t o r s m u s t b e a c t i v e l y e n g a g e d o n t h e m a j o r m u l t i m i l l i o n d o l l a r d e v e l o p m e n t p r o j e c t s i f t h i s n a t i o n i s t o g r o w i t s e l f t o m a t u r e s t a t u s t h e i n d u s t r y s h e a d t o l d T r i b u n e B u s i n e s s r a t h e r t h a n j u s t l e t t h e s e c t o r s i m p l y b e u s e d a s a l a b o u r p o o l b y d e v e l o p e r s S t e p h e n W r i n k l e t h e B a h a m i a n C o n t r a c t o r s A s s o c i a -W e r e b e g g i n g l i k e c h i l d r e n S T E P H E N W R I N K L E* M a x i m i s i n g B a h a m i a n c o n t r a c t o r p a r t i c i p a t i o n i n m a j o r p r o j e c t s s u c h a s a i r p o r t a n d B a h a M a r o n l y w a y f o r n a t i o n t o g r o w i t s e l f t o m a t u r e s t a t u s B C A h e a d a g a i n c a l l s o n g o v e r n m e n t t o p a s s C o n t r a c t o r s B i l l a s r e q u i r e d t o e n a b l e B a h a m i a n s t o g e t a p i e c e o f t h e p i e S E E p a g e 4 B B y N E I L H A R T N E L L T r i b u n e B u s i n e s s E d i t o r A r i v a l t e l e c o m s p l a y e r h a s e x p r e s s e d c o n c e r n s t h a t t h e p r o p o s e d m e r g e r b e t w e e n C a b l e B a h a m a s a n d S y s t e m s R e s o u r c e G r o u p ( S R G ) t h e I n d i G o N e t w o r k s p a r e n t c o u l d b e a n t i c o m p e t i t i v e a n d h a v e a d e t r i m e n t a l i m p a c t o n t h e w i d e r B a h a m i a n m a r k e t E d i s o n S u m n e r I P S o l u t i o n s I n t e r n a t i o n a l s p r e s i d e n t t o l d T r i b u n e B u s i n e s s p r i o r t o d e p a r t i n g f o r W e d n e s d a y s A b a c o B u s i n e s s O u t l o o k t h a t t h e p l a n n e d m e r g e r w h i c h w o u l d c r e a t e a T r i p l e P l a y p r o v i d e r o f c o m m u n i c a t i o n s s e r v i c e s i n t h e a r e a s o f I n t e r n e t v i d e o d a t a a n d v o i c e t r a f f i c c o u l d i m p a c t t h e m a i n t e n a n c e o f a l e v e l p l a y i n g f i e l d i n t h e t e l e c o m m u n i c a t i o n s i n d u s t r y I t h i n k i t w i l l h a v e a n i m p a c t o n t h e m a r k e t a n d i s s u e l i k e a l e v e l p l a y i n g A n t i c o m p e t i t i v e f e a r s o v e r C a b l e S R G m e r g e r S E E p a g e 4 B B y N E I L H A R T N E L L T r i b u n e B u s i n e s s E d i t o r A f o r m e r f i n a n c e m i n i s t e r y e s t e r d a y e x p r e s s e d c o n c e r n t h a t t h e d o w n g r a d e s u f f e r e d b y t h e B a h a m a s s o v e r e i g n c r e d i t r a t i n g w a s b e g i n n i n g t o s h o w i n t h e i n t e r n a t i o n a l c a p i t a l m a r k e t b o r r o w i n g c o s t s f a c e d b y t h e G o v e r n m e n t a l t h o u g h t h e p r e s e n t i n c u m b e n t s a i d t h e e v i d e n c e s h o w e d n o t h i n g h a d c h a n g e d J a m e s S m i t h m i n i s t e r o f s t a t e f o r f i n a n c e i n t h e f o r m e r 2 0 0 2 2 0 0 7 C h r i s t i e a d m i n i s t r a t i o n s a i d t h a t j u d g i n g f r o m W e d n e s d a y s d e b a t e i n t h e H o u s e o f A s s e m b l y d u r i n g w h i c h t h e G o v e r n m e n t s a i d i t w o u l d h a v e i n c u r r e d a 7 p e r c e n t i n t e r e s t r a t e i f i t h a d t o b o r r o w o n t h e i n t e r n a t i o n a l c a p i t a l m a r k e t s t o f i n a n c e t h e J F K D r i v e h i g h w a y u p g r a d e t h e D e c e m b e r 2 0 0 9 d o w n g r a d e b y S t a n d a r d a n d P o o r s ( S & P ) h a d e f f e c t i v e l y c u t t h e B a h a m a s c r e d i t r a t i n g t o j u n k b o n d s t a t u s C o m m e n t i n g o n t h e B a h a m a s c u r r e n t t o t a l n a t i o n a l d e b t w h i c h s t a n d s a t a r o u n d $ 4 b i l l i o n M r S m i t h t o l d T r i b u n e B u s i n e s s : I t s a s o u r c e f o r c o n c e r n n o t j u s t t h e d e b t b u t t h e r a t e a t w h i c h i t s g r o w i n g P i c k i n g u p o n y e s t e r d a y s H o u s e o f A s s e m b l y d e b a t e d u r i n g w h i c h t h e G o v e r n m e n t s r e p r e s e n t a t i v e s p o i n t e d t o t h e i n t e r e s t s a v i n g s a d v a n t a g e s o f f e r e d b y a 2 p e r c e n t C h i n a E x p o r t I m p o r t B a n k l o a n a s o p p o s e d t o t h e 7 p e r c e n t i n t e r n a t i o n a l i n v e s t o r s w o u l d h a v e c h a r g e d M r S m i t h s a i d : I n t h i s e n v i r o n m e n t o f l o w i n t e r e s t r a t e s M i n i s t e r d i s m i s s e s j u n k b o n d f e a r sS E E p a g e 4 B J A M E S S M I T H B y N E I L H A R T N E L L T r i b u n e B u s i n e s s E d i t o r B a h a m a s C u s t o m s w a s y e s t e r d a y a c c u s e d o f d e l i v e r i n g a c r u s h i n g b l o w t o l e g i t i m a t e t r a d e b y i t s r e f u s a l t o c l e a r t r a i l e r s i m p o r t e d b y G r a n d B a h a m a P o r t A u t h o r i t y ( G B P A ) l i c e n c e e s u n l e s s t h e y s u b m i t t e d t o i t r e p o r t s o n b o n d e d g o o d s s a l e s a f o r m e r C h a m b e r o f C o m m e r c e p r e s i d e n t a r g u i n g t h i s p o s i t i o n w a s a t o d d s w i t h t h e G o v e r n m e n t s s t a t e m e n t t o t h e W o r l d T r a d e O r g a n i s a t i o n ( W T O ) C h r i s t o p e r L o w e t h e e x G r a n d B a h a m a C h a m b e r p r e s i d e n t t o l d T r i b u n e B u s i n e s s t h a t n u m e r o u s G B P A l i c e n c e e s i n c l u d i n g h i s o w n b u s i n e s s K e l l y s ( F r e e p o r t ) h a d b e e n e i t h e r t o l d d i r e c t l y o r v i a t h e i r b r o k e r s t h a t C u s t o m s w o u l d n o t c l e a r t h e i r i m p o r t s u n l e s s t h e r e p o r t s s o m e t h i n g h e s a i d w e r e n o t r e q u i r e d u n d e r a n y l a w p o l i c y o r a g r e e m e n t w e r e p r o v i d e d B a h a m a s C u s t o m s i s r e f u s i n g t o c l e a r t h e g o o d s i n t r a i l e r s f o r a n y l i c e n s e e c o m p a n y o f t h e G r a n d B a h a m a P o r t A u t h o r i t y u n l e s s t h e y c o m p l y w i t h a d e m a n d f o r a b o n d e d s a l e s r e p o r t w h i c h i s a n u n k n o w n i n s t r u m e n t M r L o w e t o l d t h i s n e w s p a p e r y e s t e r d a y T h e y h a v e n o t e v e n d i s p l a y e d t h e c o u r t e s y t o o u t l i n e t o u s i n w r i t i n g t h e f o r m a t o r c o n t e n t t h a t t h e y d e s i r e W h i l e s o m e l i c e n s e e s h a v e c a v e d i n t o t h e p r e s s u r e s a n d t h r e a t s o f B a h a m a s C u s t o m s t o t h e i r b u s i n e s s o p e r a t i o n s a n d l i v e l i h o o d s a n d h a v e s c r a m b l e d t o p r o d u c e s u c h a r e p o r t t h e r e i s n o l a w f u l C u s t o m s p o l i c y s c r u s h i n g b l o w nF o r m e r G r a n d B a h a m a C h a m b e r c h i e f s a y s D e p a r t m e n t r e f u s i n g t o c l e a r t r a i l e r s u n l e s s b o n d e d g o o d s s a l e s r e p o r t a n u n h e a r d o f r e q u i r e m e n t s u b m i t t e dnA r g u e s m o v e i n c o n s i s t e n t w i t h t h e B a h a m a s W T O p o s i t i o n a n d p r o p r i e t a r y a n d c o n f i d e n t i a l b u s i n e s s i n f o r m a t i o n b e i n g s o u g h t S E E p a g e 3 BB y N E I L H A R T N E L L T r i b u n e B u s i n e s s E d i t o r T h e f a l l o u t f r o m t h e b o a r d r o o m b a t t l e a t t h e B r i t i s h C o l o n i a l H i l t o n c o n t i n u e s t o r u m b l e o n T r i b u n e B u s i n e s s c a n r e v e a l w i t h i t s C a n a d i a n p e n s i o n f u n d i n v e s t o r u r g i n g i t s f e l l o w s h a r e h o l d e r t o i n f o r m t h e R e g i s t r a r G e n e r a l t h a t t h e a g r e e m e n t g o v e r n i n g t h e i r p a r t n e r s h i p r e m a i n s i n f o r c e A S e p t e m b e r 1 2 0 1 0 l e t t e r f r o m C a n a d i a n Q C A l a n L e n e z n e r o n b e h a l f o f t h e C a n a d i a n C o m m e r c i a l W o r k e r s I n d u s t r y P e n s i o n P l a n ( C C W I P P ) t o l e g a l r e p r e s e n t a t i v e s o f S w i s s / U K b a s e d p r i v a t e e q u i t y h o u s e A d u r i o n a l s o u r g e d t h a t t h e i r c l i e n t w i t h d r a w a n a p p l i c a t i o n t o t h e C e n t r a l B a n k o f t h e B a h a m a s f o r p e r m i s s i o n t o r e f i n a n c e t h e $ 1 9 m i l l i o n l o a n a t t h e c e n t r e o f t h e i r d i s p u t e T h e l e t t e r s e e n b y T r i b u n e B u s i n e s s u r g e d A d u r i o n a n d i t s F o r t N a s s a u I n v e s t m e n t s v e h i c l e t o a d v i s e t h e R e g i s t r a r G e n e r a l i n h i s c a p a c i t y a s R e g i s t r a r o f C o m p a n i e s t h a t t h e U n i v e r s a l S h a r e h o l d e r s A g r e e m e n t g o v e r n i n g t h e i r r e l a t i o n s h i p a t t h e H i l t o n w a s i n v a l i d l y t e r m i n a t e d a n d r e m a i n s i n f o r c e T h e l e t t e r a l s o r e q u e s t e d t h a t A d u r i o n w i t h d r a w i t s a p p l i c a t i o n t o t h e C e n t r a l B a n k f o r a n a f f i l i a t e d c o m p a n y E q u i l i b r i u m t o r e p l a c e F o r t N a s s a u I n v e s t m e n t s a s t h e l e n d e r A s p r e v i o u s l y r e v e a l e d b y T r i b u n e B u s i n e s s a C a n a d i a n a r b i t r a t i o n r u l i n g e f f e c t i v e l y p r e v e n t s A d u r i o n a s t h e 7 1 p e r c e n t c o n t r o l l i n g s h a r e h o l d e r f r o m r e f i n a n c i n g i t s o w n $ 1 9 0 9 m i l l i o n b r i d g i n g l o a n t o t h e H i l t o n s o m e t h i n g i t a l l e g e d h a d c r e a t e d a $ 3 4 m i l l i o n n e t b e n e f i t f o r t h e d o w n t o w n N a s s a u r e s o r t .S h a r e h o l d e r r i f t c o n t i n u e s a t t h e H i l t o n S E E p a g e 2 B T r i p l e P l a y p r o v i d e r e y e s e x t r a $ 6 m s p e n d S E E p a g e 3 B

PAGE 2

U RGING students to keep v iolence out of their schools this year, Minister of Nationa l Security Tommy Turn quest yesterday appealed to t he participants of the Third A nnual Students Against Violence Everywhere ( SAVE) back-to-school anticrime rally to live according to the events motto to stop, think, act. Mr Turnquests appeal c omes just as New Providence has experienced several eruptions of violencea mongst school children, some resulting in students being stabbed and one incident where a 13-year-old boy w as shot in the head. The minister said that if students stop and thinkb efore they act, they will ulti mately help to take the spotlight off that very small n umber of young people, particularly young men, who kill without regard for humanl ife, who rob and steal using i llegal guns, who break into p eoples homes and steal t heir cars, who traffic in drugs and abuse drugs, and w ho end up before our courts and in our prisons. M r Turnquest told the hund reds of students gathered at the Church of God Auditor ium on Joe Farrington Road that therally is a significant event for the Ministry of National Security and Her Majestys Prison, and it ish eld early in the new school year for a particular reason. As you begin your studies e ach year, we want to ask you, our young people, to make a commitment to do your part to keep violence o ut of our schools, off our streets, and out of our com munities, and for you to e ncourage your friends to do the same, he said. The minister said that this y ears rally theme should guide students and point them in the right direction. This years theme presses y ou to stop, think, act. I want all of you to memorise t his theme. Say it, silently or out loud, when you find yourself in arguments, or in s ituations of confusion and conflict; say it when you C M Y K C M Y K LOCAL NEWS PAGE 2, FRIDAY, SEPTEMBER 24, 2010 THE TRIBUNE TO DISCUSS STORIES ON THIS PAGE LOG ON TO WWW.TRIBUNE242.COM THE government of the Bahamas will hold a town meeting on Tuesday, September 28, 2010 in the Windsor Room of the British Colonial Hilton at 7pm to discuss the LandA djudication Bill 2010. The Minister of State for Lands and Local Government Byran Woodside will host the meeting. The Land Adjudication Bill 2010 provides for systematic adjudication of title to certain l ands within the Bahamas, the demarcation of boundaries and matters connected therewith. The ministry said it encourages the public to take advantage of the opportunity to participate in creating a legal framework for ownership and registration of land in the Bahamas, including but not limited to generational land. A copy of the Land Adjudication Bill is available on the governments website at www.bahamas.gov.bs under Bills, Laws and Act or 'Whats New'. Govt to hold town meeting to discuss the Land Adjudication Bill The FNM has accused the PLP of seeking to score political brownie points by opposing government plans to allow 200 Chinese workers come to New Providence to help b uild a new highway. C arl Bethel, FNM chairman, suggested that in opposing in parliamenta resolution seeking approval to get almost $60 million in funding from C hina for the airport gateway proj ect and the 200 Chinese workers that would come with it, the PLP is engaged in political pandering, with a clear eye to the next general election. The PLP are not worried about the high level of debt or the Chinese loan, they are worried about one t hing alone: putting themselves in b est position to fight the next election. In the process they are forgetting their own record and praying to God that the Bahamian people will f orget their own track record. It is t he essence of political hypocrisy, claimed Mr Bethel. He said the PLP also signed contracts which allowed for numerous foreign workers to enter the country such as the National Stadium being built by the Chinese which does not have a Bahamian labour c omponent at present, or the TG G lover school which was partly built by Chinese workers employed by a private Bahamian contractor and paid for with public funds. M eanwhile, in relation to the road p roject which will see 6.2 miles of John F Kennedy Drive dualised into a four lane carriageway easing transportation between the airport and downtown the PLP is seeing the doughnut rather than the hole. In our view the PLP are looking at one element and dont see the othe r element, where any number of B ahamian companies will be hired for landscaping, roadworks, transportation of materials, bulldozing, grading, clearing, surfacing . there a re millions and millions in this cont ract that will go directly to Bahamian contractors or Bahamian subcontractors, he said. FNM accuses PLP of seeking to score political brownie points By ALISON LOWE T ribune Staff Reporter alowe@tribunemedia.net A GROUP of Environmental Health Services workers were told they could go home yesterday after complaints that temp eratures in their office sky-rocketed due to a broken air conditioning system. D irector of the Department, Melanie McKenzie, said that to 15 employees were allowed to l eave in the mid-afternoon. A worker pegged the figure closer to 30. I n response to claims that the problem was a long-standing one for employees, Ms McKenzies aid that management at the departments office on F arrington Road, opposite PLP headquarters, have e xperienced problems getting the malfunctioning air c onditioner repaired. Im as perplexed as everyone else as to why itc ant get done, she said. She said workers are never forced to work in unbearable conditions and employees were allowed to go home earlys o that they werent uncomfortable. A n employee who spoke w ith T he Tribune o n condition of anonymity said that conditions in the officew ere very hot. You cant work if its hot. You cant focus, con-c entrate, write documents, do the necessary appropria te research . the envi ronment is not conducivet o working. Its been like this on a nd off for two years, he claimed. The employee added that yesterday was not the first time that workers requested and were toldt hey could leave the office due to the stifling heat. Whenever the complaints get too much, it can h appen, he said. Workers allowed t o go home after air conditioning problems Turnquest addresses SAVE anti-crime rally APPEAL: Minister of National Security Tommy Turnquest speaks to participants of the ThirdAnnual Stud ents Against Violence Everywhere (SAVE a ccording to the events motto to stop, think, act. b ecome angry and short of patience. If you stop and think b efore you act, you would be less likely to act in a way that will harm or disadvantage you or others, or that m ay jeopardise your future. You will remain focused on preventing crime and promoting safety, and on avoiding wrong-doing, crime a nd criminality, he told the students. If you stop and think b efore you act, you will know when opportunities come along for you to make a positive difference in your s chool and in your community, and to be a true and trusted friend or role model to your schoolmates and others. T i m C l a r k e / T r i b u n e s t a f f

PAGE 3

ONE stakeholder in the redevelopment of Bay Street wants the sale of illegal goods in the straw market wiped out before vendors move into the $12 million straw market, which is still under construction. Managing Director of the Downtown Nassau Partnership Vaughn Roberts said the crafts and goods offered should reflect the creativity and spirit of the Bahamian people. "The incident in New York puts emphasis on the point that we have a public market that permits the sale of illegal merchandise and there is a funda mental problem with that. In New York, in Canal Street, where the vendors allegedly bought the counterfeit goods, that's sold on private property not in a public market place." In spite of the group's arrest, straw vendors were still peddling counterfeit goods when The Tribune visited the market on Wednesday. They claim the knock-off purses and wallets, bearing the logos of top designer brands like Gucci, Fendi and Louis Vuitton, provide the bulk of t heir income. Some vendors argue that if they are forced to remove these items from their stalls, they will not be able to make ends meet. Mr Roberts likened this argument to the sale of illicit drugs which allow drug dealers to make a good living whileb reaking the law. "It's the same as saying we can continue to allow people to sell illegal drugs in the mar ket. Products To suggest that we can't come up with a new range of products that fits the price point of the cruise passengers is to say we have no ingenuity as a people." The group admitted to travelling to New York to buy fakel uxury goods after they were arrested at JFK airport on Saturday checking 31 bags packed with fake designer goods on a flight bound for Nassau. They were charged in a New York district court on Monday w ith conspiracy to defraud the US Criminal Code by way of trafficking counterfeit goods for commercial advantage or financial gain after a six-month investigation into the import and export of counterfeit luxu ry goods led by the US Department of Homeland Securitya nd Immigration and Customs Enforcement (ICE C M Y K C M Y K LOCAL NEWS T HE TRIBUNE FRIDAY, SEPTEMBER 24, 2010, PAGE 3 TO DISCUSS STORIES ON THIS PAGE LOG ON TO WWW.TRIBUNE242.COM BFSB will present the completed business model research showcasing potential business The Bahamas. The Interim Report on the Research Project was presented at the July 7 Workshop. Contact BFSB at: Tel:Business Opportunities in Financial Services >>> Monday, September 27 1:00 p.m. (light lunch) >>> Tuesday, September 28 9:00 a.m >>> Tuesday, September, 28 1:00 p.m. (light lunchJoin us at one of three (3 Strategy & Business Case StudiesWorkshopsExcellent & The research really Venue: British Colonial Hilton Hotel THE MINISTERS of Education, and Labour and Social Development pledged their assistance yesterday to the families of the nine straw vendors currently being held in the United States. In a joint statement issued to the media yesterday, Education Minister Desmond Bannister and Labour Minister Dion Foulkes said that their respective ministries are in the process of providing help to the families of the straw vendors here at home. The Ministry of Education will offer support and counselling to the children of straw vendors in the school system. The Ministry will continue to monitor their wellbeing during this difficult time for these children and families. Senior officers from the Ministry of Labour and Social Development are in the process of visiting the families of the vendors to see what assistance it may provide. As the ministry is able to offer various t ypes and levels of assistance, it is determining what assistance may be needed by the respective families, the joint statement read. Claiming that the PLP is obviously more concerned about using the circumstances surrounding the arrest of nine straw vendors in the United States for political purposes, the ministers said that Bahamians in general are concerned about what appropriate assistance is being provided to the vendors and their families. The Ministry of Foreign Affairs through the Consulate Generals Office in New York continues to monitor the situation and provide various levels of assistance to the vendors. We urge others to be considerate and offer prayerful support to the families of the vendors. Our ministries will continue to work together to assist these Bahamian families in need, the statement read. Ministers pledge help to families of nine detained straw vendors W ORKINPROGRESS: C onstruction continues on the new Bay Street straw market. By MEGAN REYNOLDS Tribune Staff Reporter mreynolds@tribunemedia.net CONSERVATIONISTS are calling for Bahamians to lobby against dredging, excavation and development of Bell Island in the Exuma Cays Land and Sea Park as plans submitted by owner the Aga Khan are considered by government. But former Exuma councillor Henry Rolle argues the development should go ahead as it could benefit employmentstarved residents of nearby Black Point. The controversial plans to dredge 8.8 acres of sea bed for two channels into an existing barge landing and a 20-slip yacht basin to be carved out of an existing salt pond came to light after Environment Minis ter Earl Deveaux admitted he accepted a free ride in landowner Prince Karim Aga Khan IVs luxury helicopter to attend a film screening in Abaco the day before he went on to Bell Island to do a land assessment. Conservationists outraged by the plans have cried shame on the Bahamas National Trust (BNT worlds oldest national park and 176 square mile no-take marine reserve for not standing in the way of development on the 349-acre private island. ReEarth founder Sam Duncombe said: The Trust really needs to be called out on this one because this is such a flagrant disregard of what their mandate is. Everyone in the Bahamas is a member of the National Trust and has a right to call the BNT and basically tell them no developing in the park. If we cant protect the oldest marine park in the world what hope do we have for the rest of the country? Its a sad day in the Bahamas when we have to pro-tect the environment from its so-called protectors. Thats a really sad day. But the BNT maintains it has no power over the development of private islands in the park by private landowners who are known to make generous donations to the charity, meaning the alleged $1 million donationto the BNT from the Aga Khan would not stray from the norm. And development and dredging has previously been done at privately-owned islands in the park such as Soldier Cay, Cistern Cay, Halls Pond Cay and Bell Island, which is private property under the law and not that of the Land and Sea Park. The multi-millionaire and billionaire owners of the islands also provide an important source of public revenue and provide spin-off benefits for nearby communities in Black Point, Staniel Cay and Farm ers Cay, the BNT maintains. Former Exuma chief coun cillor Henry Rolle, of Black Point on Great Guana Cay 17 miles southeast of Bell Island, said in the case of the latest development at the 349-acre island where building, excavation and dredging had previously been done, the benefits of development will outweigh the environmental concerns. People in Exuma need jobs, Mr Rolle said. Black Point has one of the largest populations and they look forward to these opportunities. Investors benefit the whole community, and the spinoff in reference to Bell island could be good for them. My interest is to give the people an opportunity, to give the investors an opportunity, so my people can have an employment opportunity during these tough times. If Bell Island was the only area in the park that was dredging and excavating a marina I would say lets get them but its not. Appeal for lobby against dredging, excavation and development at Bell Island By TANEKA THOMPSON Tribune Staff Reporter tthompson@tribunemedia.net THERE are no laws in place empowering Customs officers to seize suspected counterfeit goods as they are being imported through legal channels, Customs Comptroller Glenn Gomez said. Mr Gomez said the Copyright Act gives a person that has patented or copyrighted a product recourse if someone is importing a product that infringes on that copyright. However, a complaint must be lodged before the agency can act. "We would need to be advised that there is a counterfeit product or a product that seeks to duplicate an authentic product but the manufacturer isn't getting the benefit of the distribution of the items," Mr Gomez explained. "Once advised, then we would act on it. But other than that, if you brought in something that had a label on it that said Gucci or Tommy (Hilfiger we might look at it and say 'This looks like a cheap product'. All we can do is seek to ascertain the actual value and collect the duty. "If they have a legitimate invoice and we are satisfied that the value is consistent with the product, we assess the duty and they are good to go". He conceded that the country's laws are "a bit behind" in that regard but said a complete overhaul of the Customs Act is expected in mid-2011, a move that will address the present deficiencies. "Once we start (operating under) the EPA, one of those conditions is every country that is signed onto that is dutybound to protect the interests of the trading partners. If we are advised that there is a trade in knocks-offs and we are given (names of would be looking for those and would have to stop them". His comments came nearly a week after nine Bahamian straw vendors were arrested in the US after allegedly trying to bring "knock-off" handbags into the Bahamas. A 66-year-old man was airlifted to Nassau after he was stabbed multiple times in an altercation on Andros. Police were first informed of a stabbing at Cargill Creek, Andros, at around 8.45pm on Tuesday. According to reports, the 66-year-old man was stabbed after he and another man got into a brawl. The victim was taken to the local clinic and later airlifted toa hospital in New Providence. Police are questioning a 15year-old boy of Cargill Creek in connection with this incident. Investigations continue. Man, 66, airlifted to Nassau after stabbing Desmond Bannister Dion Foulkes Call for clampdown on illegal goods before new market opens Expected 2011 Customs Act overhaul will address deficiencies

PAGE 4

EDITOR, The Tribune. I find it amusing that Dr Nottage and Obie Wilch combe had so much to say concerning the rightsizingo f ZNS when we all know that ZNS, like many other government entities, is grossly overstaffed. They agree with the Rightsizing but the timing is wrong. Well blowm e down! They know that it has to be done but just happy that they dont have to be the ones to do it. So off they go trying to score political points. Successive governments are to be blamed for the blatant abuse of ZNS. Clearly, this burden and strain on the public purse cannot and must not be allowed to continue. As with everything, when it comes to making decisions the PLP always try to find aw ay out. When Mr Christie was asked his views on the Gam bling issue, he didnt have o ne, when he was asked what he would have done with the Haitians following the earthquake in Haiti, his response, he would have to see all of the facts first. Always waitingt o see how the winds blow, looking for political mileage. I was wondering whether o r not the PLP has paid their bill to ZNS as yet. I, like many other Bahamians, would like to know. The hypocrisy musts top. No wonder ZNS is in the red. TIRED OF THE HYPOCRISY Nassau, S eptember 20, 2010. EDITOR, The Tribune. I hate to say I told you so but I wrote a letter to the editor more than a year ago about the temporary strawm arket that has been reduced t o a low class flea market. But the reasoning by the vendors caused the police and theg overnment from applying the pressure to discontinue t heir illegal acts. We know t hat they were purchasing illeg al merchandise and we ignored it. There are many other illegal piracy practicest hat we know will cause us a problem, but I guess we will wait for the international police to point it out to usf irst. The US is coming and modern day pirates will be caught. Copyrights must and should be respected, period. The former president of the police staff association was on television expressing his concerns about the activity in the straw market. The sight at the market these days is insultingt o say the least. Jamaicans and Haitians, who do give a hoot how we feel and have any allegiance to theB ahamas, are some of the main operators. Foreigners have highjacked the market and few Bahami-a ns are operating there now. The straw has been absent b ecause the foreigners either do not know how to make t hem or do not see the value i n it. Sometime ago there was a raid on an over the hill business that sold knock-off items, but the police relaxed their position and the business was allowed to operate and the vendors were allow to pur-c hase and sell the items in our Bahamian Straw Mark et. Now the worst case scen ario has become a reality. The US Customs has had enough and is now making the statement that the B ahamian police should have m ade a long time ago. This must be embarrassing to put it m ildly, because we made an a ttempt to clean this up before and reneged. Now the Bahamian police should save face and appear t o be operating by the law and discourage the selling of ille gal items in the Bahamas. We a re embarrassed that our country is exposed to the i nternational community for s omething negative again. T his shows that there must be a market for the knock off here. The police know who t hey are and no arrests are made here. The new straw market b elongs to all Bahamians and we will have to pay for it. So we the tenants of the straw m arket should not allow anything that is not made in the Bahamas to be sold in the market. There should be a s crutinising like no other for the vendors. After they are selected then there should be a policing of the market on a regular basis and confiscation of all items that are not made here. It is time that we stop medio crity. We are too damn s lack, too lazy and too fool. We have allowed other nationalities to infiltrate our national land marks and assisted them in destroyingo ur culture, how stupid can w e get, just for a few dollars. W hen I visited the market the other day I heard raw Jamaican accent, I heard H aitians who could barely speak English, but they feel l ike they are immune because they are probably there with t he blessing of some used to b e politician. We must clean t his up now. Taxi drivers are e ven some hotel personnel promoting the Knock off market. How unpatriotic? The incident in New York must have opened our eyes, a nd right after we get over being embarrassed again, we must clean up the market b efore the international comm unity comes here and e mbarrasses us on our own t urf. Remember I told you so before, I am telling you again.A ct now! I fear Jesus Christ only and n o one can intimidate me anymore, regardless of who they are. I expect some jelly-backt o respond, especially some one who is profiting from these practices. IVOINE W INGRAHAM Nassau, September 21, 2010. C M Y K C M Y K EDITORIAL/LETTERS TO THE EDITOR PAGE 4, FRIDAY, SEPTEMBER 24, 2010 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.) LL.D., D.Litt P ublisher/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 TELEPHONES Switchboard (News, Circulation and Advertising A dvertising Manager (242 WEBSITE www.tribune242.com updated daily at 2pm IT seems the PLP will say anything for a headline or to give the impression that they are awake and on top of all situations. The latest is their accusation that Foreign Affairs Minister Brent Symonette, instead of throwing the full weight of his ministry behind the nine Bahamian straw vendors arrested in New York on charges of trafficking counterfeit goods, indulged in a fingerwagging lecture. On learning of the arrests, Mr Symonette gave very sound advice to the market vendors in Nassau, whose stalls are still festooned with fake designer goods by Gucci, Prada, Dolce, Gabana and many others. As a result of these charges, said Mr Symonette, I highly recommend that Bahamians be guided accordingly. In other words, clean up your act, or you will be next. Although sound advice, it was not a welcome response to many of the vendors whose attitude seems to be that government should find some way for them to continue their illicit trade. To do otherwise, according to some, would mean financial collapse for them and the country. Mr Symonettes advice does not mean that his ministry will not make certain that those accused have proper legal representa tion. The PLP, of course, would like to make the public believe otherwise. As Mr Symonette told those in Nassau, the charges against their colleagues are seri ous and carry heavy penalties. Its not as if they threw chewing gum on the sidewalk, he said. Of course, in Singapore this too is a grievous offence. A few years ago, Americans made a lot of noise and went through diplomatic channels to try to prevent a young American tourist from being publicly caned for spitting chewing gum on that citys sidewalk. Americans felt the punishment was too severe for such a minor offence. However, in Singapore such anti-social behaviour is not to be tolerated in civilised society. And so the teenager duly got his caning, and possibly never put a stick of chewing gum in his mouth again. Here in Nassau two Ministers Educa tion and Labour have pledged to help the families of the vendors who are being held in the US. There is not much more that can be done for them. The Bahamas cannot interfere with the US judicial system. The law will now have to take its course. Although, the PLP are trying to equate this situation with that of the Barefoot Bandit and ask that reci procity be applied in the vendors case, there i s no comparison between the cases. The Americans did the Bahamas a great favour by taking the Bandit off our hands and throwing him into their own jail to face a stiffer punishment than he would have received here. The PLP also seem to resent the fact that the Americans conducted a surveillance oper ation in the Bahamas without informing the Bahamas government. And what if they had informed the Bahamas government, would arrests have been made here by our own Bahamian police? After all the Americans had obviously given so many warnings about which the Bahamas seemed to do little, that they eventually concluded that Bahamian police officers must have been complicit in what was and still is going on in the straw market. If there had been more cooperation here, the New York operation would probably have never taken place. How much more of a warning did many Bahamians need that the noose was tightening on their illicit business? In December 2006, a vast number of counterfeit items were seized in a joint Customs/police raid on a warehouse in East Street south. The owner pleaded that he did not know the goods were counterfeit. However, after such a large raid, no Bahamian could in future plead ignorance of the problem. In October 2008 the US Embassy even sponsored a workshop to help the Bahamas develop strategies to combat piracy of intellectual property in the Bahamas. The transit of counterfeit drugs, car and airplane parts through the Bahamas coupled with the lack of enforcement of copyright laws is a major concern and officials said the workshop is critical in raising awareness about the countrys piracy problem, The Tribune reported on October 8, 2008. And then came the salvo at the beginning of this year when Americans let it be know that they were not satisfied that Bahamians were doing their best to get piracy under control. The US Trade Representatives office wrote in its report on the matter: However, enforcement is lax and anecdotal evidence suggests that the police are complicit in the buying and selling of pirated movies, songs and fabricated high-end purs es to residents and tourists. Although there was no supporting evidence to implicate the police, it was obvious that the Americans had had enough, and, as in the drug days, they were going to take no one in the Bahamas into their confidence when they decided to throw out their net. Rather than kicking against the goad, its time for Bahamians to wake up, and insteado f listening to the PLPs soft talk, take Mr Symonettes sound advice and, as a result of the New York events, be guided accordingly. Foreigners have hijacked straw market LETTERS l etters@tribunemedia.net Brent Symonettes advice should be heeded 326,7,21 $9$,/$%/(6HUYLFHWDWLRQLVORRNLQJIRUD3DUWVHUYLFHDQDJHU )DPLO\,VODQG DUVK+DUERXU$EDFRf([SHULHQFHZLWKSDUWVDQGVHUYLFH &RPSXWHUOLWHUDWH *RRGZULWLQJFDSDELOLWLHV 6DODU\GHSHQGVRQH[SHULHQFH 0DOHRUIHPDOHFDQDSSO\ $JHDQGROGHU (PDLOUHVXPHDQGFRYHUOHWWHUWR TVD#FRUDOZDYHFRP Has the PLP paid its bill to ZNS yet? EDITOR, The Tribune. I am sick and tired of seeing letters from Mr Paul Kokoski reg ularly published in this newspaper. While I dont agree with Mr Kokoskis misogynistic, bigoted statements, his personal views are not where my problem lies. The ability to express your views, no matter what they are, in a free press is an essential right that were fortunate enough to have. Mr Kokoski has never, to my knowledge, mentioned The Bahamas or written a letter regarding the very real problems we have in this country. I get the impression he spends much of his time writing letters and blasting them out to newspapers across the world, with little regard as to where they end up. If Mr Kokoski wrote a letter concerning The Bahamas I would have no problem seeing his name in print. Until that time, can we instead give space in the press to Bahamians who have something to say? ASH HENDERSON Nassau, September 17, 2010. Give space to local concerns

PAGE 5

By ADRIAN GIBSON ajbahama@hotmail.com A LTHOUGH our culture is what makes us Bahamian, our creativity is buried by our knack to copy everything thats foreign, as we have little or no appreciation or recognition for what we have already created our architecture, our relation to the sea, our music, our d ances, the truly Bahamian form of junkanoo, our straw and craft/art works, etcetera. Since independence, we have grossly neglected our culture! Nassaus flea marketI mean straw markethas become a ghastly, national blemish that has irrefutably become a liability to our countrys tourism industry. Our declining tourist numbers indicate that the Bahamas' tourism product is mediocre and significantly falling behind. The internationally promoted straw/flea market is also weakening our tourism product, as it has become nothing more than a filthy, condemned structure where illegal aliens profit and counterfeit merchandise is sold unabatedly. A search of the Websters dictionary describes straw as a single coarse dry stem (as of grass), which is far removed from any description that would apply to the counterfeit items found at Nassaus so-called straw market. The recent arrests and arraignment of nine straw vendors in New York resulted in charges of conspiracy to defraud the United States in violation of section 2320 of Title 18 of the United States Criminal Codei.e. trafficking in counterfeit goods and services. According to this daily, it is alleged that the charges came following a six-month investigation into the import and export of counterfeit luxury goods conducted by the United States Department of Homeland Security and Immigration and Customs Enforcement (ICE individuals from The Bahamas who were involved in the trafficking of such counterfeit goods between New York City and Nassau, Bahamas, were identified. While one woman is cur rently on bail, if convicted, the women could face a prison sentence of three or more years. Frankly, I would be lying if I said that I was remotely sad or sympathetic. Undoubtedly, these individuals must have known that their alleged actions were against the law and there by could result in their prose cution. The alleged purchase of counterfeit designer goods for resale at the straw market was knuckleheaded and ill-informed as US authorities enforce copy right lawsthat some Bahami ans conveniently ignorewith out fear or favour or the slackness for which the Bahamas has b ecome infamous. This week, Ive read a series of interesting articles where at least one straw vendorin one instance, a reverend appeared to try to justify thievery of intellectual property and the sale of illegal wares because it generates a lot of funds. W hat a load of rubbish! Furthermore, on the talk shows and newscasts there were several persons who were demanding that the Ministry of Foreign Affairs intervene, engage in a diplomatic tit-for-tat and demand that the vendors be released, all asserting that the U S authorities would be returning a favour for the countrys swift handover of the Barefoot Bandit (Colton Harris-Moore Moreover, there were Bahamians in some quarters who ridiculously asserted that the country pay a percentage of each vendors $100,000 bail bond. This is what happens w hen political paternalism becomes a social norm. These statements of certain of my countrymen are out-of-touch and nothing short of unfounded conjectureit displays an annoying sense of entitlement that so many Bahamians have adopted. T he present straw market is a major blot on downtown Bay Street that has, itself, become a loathsome and grimy monstrosity. In glory days, the straw market used to be a major tourist attraction. The destruction of the old straw market by fire in 2001 and the subsequent erection of a makeshift tent have further set the market on a downward spiral. Today, it is nothing but a grubby, dusty zone where tourists are constantly harassed by overly aggressive vendors and a site where patrons could watch a live version of Tom and Jerry as rats, roaches and other rodents are permanent residents. Frankly, it no longer reflects Bahamian culture. According to historians Gail Saunders and Michael Craton, in days gone by women and children through the islands processed the palmetto straw and sisal fibre and wove plaits to send to Nassau. There, popular items were almost mass produced in workshops overthe-hill for sale in specialized stalls that outnumbered those selling fruits and vegetables. Gone are the days when vendors toiled to create, and/or purchased native-made hats, bags and mats from Family Island suppliers. Growing up on Long Island, I watched my grandmotherLenora Gibson( recently honoured at the 43rd annual Long Island regatta as a pacesetter in the craft industry)weave plaits to send to Nassau, primarily to Elsie Knowles, who remains one of the premier straw and craft purveyors today. These Long Island women were/are both skilled artisans, whose native plaits and homemade items were crafted with love and dedication, unlike the cheap knockoffs and foreign imports that litter the straw-market today. I gleefully recall being taught the plait patterns and vividly remember assisting my grandfatherEdward Gibsonas he went about cutting down top trees and himself occasionally plaiting as a past time (usually baskets used when catching crabs). So, what has happened to the straw vendors that actu ally cared to produce authentic goods? If anyone is in search of items made in China, Taiwano r the Philippines, the Bahamians straw market is the place to shop! The straw market, which is thought to be repre sentative of Bahamian culture C M Y K C M Y K PAGE 6, FRIDAY, SEPTEMBER 24, 2010 THE TRIBUNE TO DISCUSS STORIES ON THIS PAGE LOG ON TO WWW.TRIBUNE242.COM Straw Market has become a ghastly, national blemish SEE page eight COUNTERFEITMERCHANDISE: An imitation bag sold at the Straw Market Y OUNG M AN S V IEW ADRIANGIBSON

PAGE 6

C M Y K C M Y K LOCAL NEWS T HE TRIBUNE FRIDAY, SEPTEMBER 24, 2010, PAGE 7 TO DISCUSS STORIES ON THIS PAGE LOG ON TO WWW.TRIBUNE242.COM THE government of the Bahamas officially launched the National Prescription Drug Plan (NPDPw eek. Rather than waiting in line at the Princess Margaret Hospital or some of the public clinics, patients can visit the private participatingp harmacies near to them and receive medication, Minister of Health Dr Hubert Minnis said. H e described the initiative as a partnership between the private and public sect or. The launch marked the f irst of phase of a programme that 10,000 Bahamians have already r egistered for. The Plan is expected to positively impact the health of approximately 35,000 in the first phase and eventually some 100,000 persons throughout the Bahamas are e xpected to benefit. A mong those in atten dance for the official launchw ere Camille Johnson, perm anent secretary in the M inistry of the Health; Algernon Cargill, National Insurance Board (NIBd irector; Tami Francis, NPDP manager and staff of the Ministry of Health and NIB. The NPDP was introduced at the Soldier Road location of Lowes Pharmacy, the first pharmacy to signo n to the Plan. It is every government's responsibility to provideq uality health care to each citizen of the Bahamas and the government of today isno exception, said Dr Minn is. TO CELEBRATEits 30th anniversary, the Grand Bahama Childrens Home (GBCH fundraiser which organisers said will be vital to the facilitys future operations. Over the last 30 years, more than 2 ,000 children have passed through t he doors of the home. In recognition of this milestone, the GBCH committ ee has announced plans for an anniversary fundraiser and celebra tion. It costs over $300,000 per year to operate the home which provides care for up to 40 children ranging from infants to boys and girls up to the age o f 12. Previously, the government grant p rovided for $150,000 per annum; however, this was recently reduced by $25,000 due to budgetary cuts. This leaves over $175,000 to be raised from private and corporate donations and fundraising events for basic operating expenses, food, clothing and supplies, t he committee said. The committee is hoping to raise $ 25,000 at the 30th anniversary celebration. It has also invited Grand Bahama schools and churches to participate and support the home with a dress-up day at school and a special collection taken at church to help raise awareness and funds. The 30th anniversary cocktail recep tion is being held on Friday, October 15 at the crescent pool of the Radisson at Our Lucaya Resort. The event will be held under the patronage of Lady Joan Foulkes. The celebration begins at 7.30pm under the theme Memories A String of Pearls; Celebrating 30 years with the Grand Bahama Childrens Home. The committee is very honoured that Lady Foulkes accepted our invi tation to be the patron of our 30th anniversary cocktail reception. Lady Foulkes shares our passion for chil dren and charity work, said Sheila Smith, GBCH executive committee member. Further, we are very excited that Our Lucaya has partnered with us on this fundraising event. Everything is coming together perfectly and we anticipate a spectacular night of celebrating past accomplishments and preparing for future work. Organisers said the 30th anniversary celebration promises to be an unforgettable evening. There will be live performances of musical selections from different Broadway shows under the direction of Gloria McGlone. In addition, six of Grand Bahamas reigning beauty queens will be welcoming guests and modelling jewellery from Colombian Emeralds International who are a jewellery set as a raffle prize. All attendees will be offered a glass of wine courtesy of Bristol Wines and Spirits and Our Lucaya has prepared a menu of hot and cold appetisers, pastas, a carving station and desserts. The committee said it encourages the residents of Grand Bahama to attend its special celebration and lend much needed support to the childrens home. The GBCH depends heavily on the private and corporate community to keep its doors open and the suc cess of this fundraiser is another vital component in this effort, organisers said. National Insurance Prescription Drug plan officially launched D RUGPLANLAUNCH: Dr Hubert Minnis ital fundraiser for Grand Bahama Childrens Home 30th anniversary COMMITTEEMEETING: Pictured at last week's meeting are some of the GBCH committee (left to right Headly, Jean Hivert, Geneva Rutherford, Sheila Smith, Brenname Rolle-Cooper and Caron Smith. (Not pictured are Lesley Davies-Baptista, Lynne Fraino, Lillian Quant-Forbes, Derick King and Phil Carey) We are embarking on an infrastructural revolution so that we can see changes both at the Princess Mar-g aret Hospital and the Rand Memorial Hospital. We would update you with these changes very soon. Minister Minnis said a lthough the country is experiencing a recession, the government has budgeted approximately $220 million annually for health care. T he minister thanked the staff of NIB and the Ministry of Health for their assistance in developing the plan. Raquel Wilson, the first b eneficiary of the NPDP, presented an ACE Rx card on behalf of her children Jonathan and Raven, and received free-of-charge thef irst medication under the NPDP for one of 11 noncommunicable diseases. The Plan covers diseases such as arthritis, asthma, breast cancer, diabetes,h ypertension, high cholesterol, glaucoma, ischaemic heart disease, major depression, prostate cancer and psychosis. C ard holders can now use their ACE Rx cards at participating pharmacies to receive free-of-charge more than 160 prescription drugs and medical supplies pre-s cribed by physicians. Initiative described as partnership between private and public sector

PAGE 7

C M Y K C M Y K LOCAL NEWS PAGE 8, FRIDAY, SEPTEMBER 24, 2010 THE TRIBUNE TO DISCUSS STORIES ON THIS PAGE LOG ON TO WWW.TRIBUNE242.COM and lifestyle, is also an infamous depot for fake designer goodsranging from Prada to Gucci to Fendi to Louis Vuitton and much more suitcases, jewellery, clothes, pirated CDs/DVDs, wallets and the like. Paris might be the fashion capital of the world, but downtown Bay Street (market ca around these parts. What is the percentage of Bahamian-made products sold there? How many vendors have up-to-date licenses to operate in the market? How many vendors pay the $100 annual stall fee? How many stalls are sub-leased? And, how many foreigners, contrasted to Bahamians, operate in the Bahamian straw market? The government, and Bahamians at large, must recognize that tourism is a multi-dimensional phenomenon that calls for much more than a handful of sand, a tan and a dip in the sea. And, oh yeah, anyone can sell knockoffs that are prevalent from here to Tokyo but what is unique about us, whatever happened to Bahamian pride? Why arent the police confiscating the counterfeit designer items that are brazenly pawned throughout the straw market? Why havent offenders been arrested? Why are customs officials allowing these vendors to import and clear these items at the countrys entry points? Is it merely ineptitude being displayed by customs officials? Are customs exemptions claimed on these items? In 2007, the Nassau Institute conducted a brief study of the World Famous Nassau Straw Market that was revealing. According to the Institute: Informal financial services asue, loans, foreign currency exchange and lottery numbers are also available within the straw market, sold by vendors and outsiders. Asue groups with draws from $5,000 up to $20,000 are not uncommon. Short-term loans for up to a month are available for a fee dependingon the amount and length of the loan. A currency exchange service is also provided within the straw market. And the purchase of foreign lottery or local lottery tickets is available. One vendor suggested that whatever you want you can get in the straw market. The estimated percentage of Bahamianm ade products sold in the downtown Nassau straw market is 13 per cent. Therefore 87 per cent of products sold are foreign-made. Clearly the term straw market is a misnomer. And most of the Bahamian sou venirs sold are not Bahamian. The persons likely to interact with tourists in the straw market are also not obviously Bahamian, the Institute said. B ahamian taxpayers should no longer be burdened with subsidizing this 21st century version of a straw market that seems unrepresentative of the Bahamas. When the new market is completed, it must be demanded that straw vendors not only pay rent, but also that most of them are Bahamians and that all goods sold are authentic and made locally. Today, there are widespread breaches of intellectual property rights. We must begin addressing copyright abuses that have now started to cast a shadow over the Bahamas, giving the impression of a place where intellectual property and other copyright are neither respected nor protected. Although the Copyright Act was amended, and the Bahamas was thereby taken off of the Priority Watch list, the government has hardly implemented or enforced any aspect of those amendments. At this rate, the Bahamas will face sanctions and sobering ramifications (law suits and severe penalties) for violations of copyright laws. Bahamians should look no further than Nassaus prized straw market or their nearest street corner to see some of the most serious breaches of international conventions and copyright laws. Whether its through the passage of addi tional legislation or by training and prosecution, we must ensure that international copyright/intellectual property laws/pacts are upheld and that we also employ a strict, copyright registration system. Bahamians are capable of incredible craftsmanship. Family Islanders continue to produce hats, bags, mats, broaches, cuff links, hair accessories, utensils and other items from shells, straw, wood and coconuts. BAIC chairman Edison Key and his team should be congratulated and encouraged in their push to promote authentic Bahamian products. Condolences/Freeport Last weekend, I travelled to Freeport, Grand Bahama to attend the funeral of my cousin, Austin Smith. Austin was a life-long public servant and served as an educator and later as Commissioner on several Family Islands. Although my first trip to Freeport was for a solemn occasion, I must mention how impressed I was with the organization and cleanliness of the city. As I travelled about the city after the funeral, there was much to appreciate about the way the town was run, the smoothness oft he roads, garbage collection, functioning street lights and so on. Whilst Grand Bahama may be facing economic woes, there is much that can be learnt and brought to New Prov idence. I hope to revisit the island shortly. more than seven years ago. Farrington, 43, of Freeport, Grand Bahama, will return to Justice Jon Isaacs court on Thursday for sentencing. But without a trial, the families will forever be denied the opportunity to hear what happened to the boys before they were dumped in the pine forest near Barbary Beach in eastern Grand Bahama where Farrington led police to their bodies in October 2003. Marilyn Davis, Deangelos maternal grandmother who raised him from infancy, said: It may make me feel hurt, but I wanted to know what he did to those children and what the children said to him. Although her family had been notified by the Attorney Generals Office of Farringtons appearance at the Supreme Court in Nassau yesterday, Ms Davis, of Pioneers Way, Freeport, said Farrington should have been ordered to appear at a Grand Bahama court where the killings were committed. She and the parents and relatives of the other three victims have endured a painful journey since losing the children as they had to fight for the boys remains to be released for burial just two years ago. And they have waited more than seven years for Farrington to come to court since he was arraigned on five murder charges in March 2004. Farrington was tried separately for the murder of Jamaal Robins, 22, committed in July 2002 and in August 2006 he was convicted of the murder and sentenced to death. However, a successful appeal meant his conviction was changed to manslaughter because of his mental state and his death sentence was commuted to life imprisonment by the Court of Appeal in October 2008. Although Mr Braithwaite declined to comment on the Crowns reason for accepting Farringtons manslaughter pleas yesterday, sources close to the case believe it was because of the success of his previous appeal. Should he be convicted of the four murders and successfully prove to the Court of Appeal that his mental health diminished his responsibility, the quadruple murder trial would result in a significant loss of court time and public money at a time when cases are severely backlogged. But the blow to the families should also be taken into con sideration, argued anti-crime activist Rodney Moncur. Families of murder victims want their day in court, he said. They need to know what happened and they should have the opportunity to address the court prior to the sentencing so they can say who their loved one was, describe their pain and suffering, and say what kind of penalty the accused should have. Farrington pleaded not guilty to the murders of Colas and McKenzie between May and June 2003, Reme between July and August 2003, and Rolle between September and October 2003, in Freeport, Grand Bahama, before Justice Jon Isaacs yesterday. As the four charges were read successively, Farrington repeated his plea: Not guilty to murder, guilty of manslaughter. Mr Braithwaite indicated the Crown accepted the pleas, but asked for an adjournment to give him time to present facts of the cases before the court prior to sentencing. Defence attorney Ramona Farquharson, who represented Farrington at his 2006 murder trial, asked the judge to allow Farrington to have another psy chiatric examination before sentencing, however Justice Isaacs denied her request as he said the last evaluation conducted in 2006 would suffice. Justice Isaacs also dismissed Farquharsons submission that Farrington should not be tried for the boys murders because h is constitutional right to a tri al within a reasonable time had been violated. The judge noted Farrington was already serving a life sen tence for one murder and given the previous proceedings, regarded the total lapse of time for the other four matters as o nly three years, a delay he said was not inordinate and did not hinder the possibility of a fair trial. Justice Isaacs also commented on the need for courts to dispose of cases more quickly, particularly those involving sever al serious charges. Straw Market has become a ghastly, national blemish F ROM page six ACCUSED: Cordell Farrington FROM page one Families denied right to know how serial killers victims died F e l i p M a j o r / T r i b u n e s t a f f THE official results of the Bahamas Union of Teachers election were released yesterday. This years election saw 40 candidates vy for the 15 leadership positions available on the 4,000 member-strong unions executive team. BUT ELECTIONRESULTS PRESIDENT Belinda Wilson -1433 Francis Friend 1323 VICE PRESIDENT Philip Dorsett 1365 Father Franklyn Colebrooke Sr 868 William McFord 397 SECRETARY GENERAL Stephen McPhee 968 Brenda Albury 872 Villadale Bain 444 Jacqueline McKenzie 221 Helena Cartwright 167 ASSISTANT SECRETARY GENERAL Leason Burrows 1456 Jeleah Turnquest 1217 TREASURER Lorraine Knowles 1059 Andrea Lockhart 959 Karen Butler 620 ASSISTANT TREASURER Janice Armbrister 1247 Valencia Carrol 821 Kim Williams 618 TRUSTEES (WINNERS Haldane Stubbs 1043 Mizpah Munroe 913 EXECUTIVE MEMBERS (WINNERS Wayne Thompson 1504 Zane Lightbourne 1385 John Mosgrove 1213 AREA VICE PRESIDENT FOR GRAND BAHAMA Quinton Laroda 301 Meoshe Basden-Curtis 185 AREA VICE PRESIDENT FOR NORTHERN BAHAMAS Yolanda Forbes-Curry 290 Sydney Curtis 117 AREA VICE PRESIDENT FOR SOUTHERN BAHAMAS Annafaye Ferguson-Knowles 127 Philip Sturrup 95

PAGE 8

By ALISON LOWE Tribune Staff Reporter alowe@tribunemedia.net SIXdays of missed water shipments has left the water storage levels in New Providence critically low, leading to calls from the Water and Sewerage Corporation for customers to limit their usage and prepare for more rationing. Just over 16 million imperia l gallons of water that should have been delivered in the last eight days did not arrive because the ship The Titas which normally brings the crucial supply was unable to make the journey from Andros, saida WSC official. Robert Deal, assistant gene ral manager, said The Titas was at first affected by mechanical problems and after these were resolved last Sund ay, by sea swells caused by the passage of Hurricane Igor. The Titas delivered a shipment of water this afternoon (yesterday shipment in the past eight days. The six days missed are equivalent to 2.7 million imperial gallons per day, said MrD eal. New Providence residents complained Wednesday evening that water supplies w ere cut off in parts of the island. Yesterday WSC issued a statement telling customers that the corporation is implementing water conservation efforts that may result in periods of reduced water supply and asked for residents to try to conserve their water usagew here possible. It is not clear how long water will be rationed. The WSC said that the supply s hould improve over the next few days provided weather conditions will continue to improve and there are no further mechanical challenges with The Titas. The WSC said it would endeavour to limit the severity and duration of water cutsa nd asked people to keep an eye out for water leaks or wastage, and report cases by calling 302-5599 or 325-0505. action, we need forms of local government so people can have some say in whati s happening in their community. Were n ot saying that the liquor outlets did it but it lends to poor socialization. Its syst emic. On Wednesday evening, Kendrick Smith died in hospital after he received multiple stab wounds outside a residence in the Churchill Subdivision, off Soldier R oad. Mr Smith was an employee of Switcha, a beverage manufacturer, and yesterday h is employer Mervin Sweeting Jr who is also a resident of the area and coworkers were also present to reinforce t he sentiments expressed. M r Sweeting Jr equated the effect of b ars and liquor stores within communities to modern day genocide. H e said: The time of dialogue has passed. We are calling for the removal of liquor stores from the community. [Liquors tores] creating environments which are n ot conducive to peace and serenity to n ormal wholesome life. We have to live here, listen to the cursing and violence that stems from activities taking place there. Their cries come just weeks before revised Planning and Subdivision legislat ion is set to be implemented. T he revised bill aims to improve the s tructure and administration of the Town Planning Committee and the Department of Physical Planning, and will create s tricter rules for the town planning. A n official within the department of p hysical planning said: One of the major changes or implementations would be the national land use policy and also the involvement of the community itself in the decision making process. Before ad ecision is made for persons to move forward on a development, the community it w ill affect will be consulted via town meeti ngs. This is something that hasnt happened in the past. The official added: Even though right now we have commercial areas that are d efined, the new act would cement, so to speak, the actual definition that is in place. T he official said: This legislation will help to better enforce regulations that are a lready in place. By virtue of evolution t here are some communities particularl y the over-the-hill and Fox Hill areas t hat have developed in that way over the years, where you will see beauty salons or restaurants side by side with residences. One woman, her home next door to where Mr Smith was allegedly stabbed, said: Im already packed to move, I just c ant go anywhere because no money you k now. But nine years is sufficient, its time to move for peace of mind. I dont see here its making any sense. remove the suspect items off their shelves immediately. This came after the Bahamian wholesaler distributor received notification from Abbott, the company that produces Similac, that a quality review had detecteda remote possibility that some of their infant formula may contain evidence of insects specifically, a small common beetle. While the United States Food and Drug Administration (FDA that the beetle itself does notpose an obvious or immediate health risk if consumed, the recall is being done on the basis that there is a possibility that infants who consume the formula containing the beetles or their larvae could get an upset stomach and lose their appetite as a result of small insect parts irritating the gastrointestinal tract. The recall warned that anyone who believes their child may be suffering from these symptoms for more than a few days as a result of eating the formula should consult a doctor. The recall affects certain cans of Similac-brand powdered infant formula. No liq uid baby formula was involved, according to the company. Concerned parents and carers were advised by the com pany which produces Similac to refer to www.similac.com/recall/looku p, and type in their lot number to determine if their p roduct is affected, or call (1 800) 986-8850. The lot number can be found on the bottom of the container. However, the website was not fully functional for much of yesterday and the hotline was reported to have crashed when faced with heavy demand for information. Nassau Agencies Ltd sent out a release that stated that certain lot numbers of the fol lowing Similac products are affected: Similac Isomil Advanced (23.2 ounces ilac Go & Grow Early Shield, Similac Go & Grow Soy (22 ounces), Similac Advance Early Shield (23.2 ounces Similac Advance (12.9 ounces), Similac Advance (12.4 ounces Advance Early Shield (12.9 ounces), Isomil Advanced (12.9 ounces Advance (25.7 ounces Similac Go & Grow with LCPs (12.9 ounces Contacted yesterday afternoon, one seller of Similac, Lowes Harbour Bay, said they had already removed from its shelves a number of cans of Similac baby formula that were found to have lot numbers that fell within the recall. Barbara Henderson, of Nassau Agencies Ltd, said that if customers return Sim ilac products with lot num bers included in the recall to the place where they pur chased it, that company can in turn seek reimbursement from Nassau Agencies Ltd, who will be compensated by Abbott. Abbott states that all of the potentially-tainted food was produced in a single produc tion area in one manufactur ing facility. C M Y K C M Y K LOCAL NEWS T HE TRIBUNE FRIDAY, SEPTEMBER 24, 2010, PAGE 9 TO DISCUSS STORIES ON THIS PAGE LOG ON TO WWW.TRIBUNE242.COM cer on bicycle patrol overheard the exchange and came to the assistance of the female officer. Now on George Street, in the front of Bahama Subs and Salads, it was said the man brandished a box cutter at the male officer which resulted in him being shot in his upper thigh. The shooting was reported to have taken place just before 4 pm, however the reports from the police differed considerably from that of eyewitnesses. The eyewitnesses allege that the male officer drew his gun and followed the man across the street, despite the mans requests to be left alone, assuring the officer that he was leaving. It was then, eyewitnesses alleged, goaded by bus drivers parked on George Street, the officer kicked the man in his back and a scuffle followed. The incident angered some pedestrians, who voiced concerns that the incident was notp roperly handled by police officers and tarnished perceptions o f the country to visitors. Police have reportedly launched an investigation into the shooting. cans. The warning comes on the heels of a significant increase in cases throughout the Caribbean and the Americas, with outbreaks reported in Barbados, Grenada, Puerto Rico, Trinidad and Tobago, and the French Territories. The department said it is working closely with the Department of Environmental Health Services to prevent and control the spread of dengue, a viral infection which is transmitted through the bite of an infected Aedes Aegypti mosquito. Symptoms include fever, muscle and joint pains, excessive tiredness, headache and pain behind the eyes. Nausea and vomiting may also occur. A more severe form of dengue fever, Dengue Haemorrhagic Fever, can cause episodes of bleeding. There is no vaccine to prevent dengue fever, but certain treatments can reduce the intensity of the symptoms.The majority of victims recover within five to 14 days. The department said: The public is advised to seek medical attention at your nearest clinic if you experience any of these symptoms. For fur ther information contact the Surveillance Unit at the Department of Public Health at 502-4790 and 502-4776. Five cases of dengue f e v er, 20 suspected FROM page one Baby formula FROM page one Outrage over police downtown shooting F ROM page one Homicide prompts concerns over liquor stores and bars FROM page one CRIMESCENE :Police at the scene of Wednesday nights homicide. Felip Major /Tribune staff New Providence water storage levels critically low

PAGE 10

By CHESTER ROBARDS Business Reporter crobards@tribunemedia.net IP SOLUTIONS Interna tional (IPSI invest another $6 million in its Triple Play services in Abaco, even after starting beta testing with hopes for a c omplete roll-out of services by year-end, the companys president said yesterday. Edison Sumner said $2 million has already been pumped into the project from the pockets of initial investors. IPSI is seeking to provide Abaco with the Triple Play bundling of Internet, telephone and video through a wireless net work designed to be more robust and faster than any services offered on the island or in the Bahamas to date. Mr Sumner said IPSIs system was designed to expand along with Abacos economy and population, which have seen faster growth than the islands larger neighbour, Grand Bahama. Our endeavour is to work intelligently and meticulously to develop a network infrastructure that ful fills the true needs and desires of the people of Abaco, and to meet the demands of an expanding p opulation, he said. According to Mr Sumner, the company will employ 15 to 20 qualified Bahamians initially with an opportunity for spin-off employment for value-added package r esellers and outsourced t echnical services. I PSI has future plans to expand its product to the Caribbean and Latin AmerC M Y K C M Y K SECTIONB business@tribunemedia.net FRIDAY, SEPTEMBER 24, 2010 THETRIBUNE $4. 68 $4. 51 $4. 69The information contained is from a third party and The Tribune can not be held responsible for errors and/or omission f rom the daily report.$ $4.38 $4.37 $4.22 worry freegroup pensions sound investment management independent corporate trustee oversight independent corporate custodian diversied investment portfolioall of the abovecall us today at 396-4080FAMILY GUARDIAN CORPORATE CENTRE: AT THE JUNCTION OF VILLAGE ROAD, SHIRLEY STREET & EAST BAY STREET I www.famguardbahamas.com A SUBSIDIARY OF By NEIL HARTNELL Tribune Business Editor Bahamian contractors must be actively engaged on the major multi-million dollar development projects if this nation is to grow itself to mature status, the industrys head told Tribune Business, rather than just let the sector simply be used as a labour pool by developers. Stephen Wrinkle, the Bahamian Contractors AssociaW er e begging like children STEPHEN WRINKLE * M M a a x x i i m m i i s s i i n n g g B B a a h h a a m m i i a a n n c c o o n n t t r r a a c c t t o o r r p p a a r r t t i i c c i i p p a a t t i i o o n n i i n n m m a a j j o o r r p p r r o o j j e e c c t t s s , s s u u c c h h a a s s a a i i r r p p o o r r t t a a n n d d B B a a h h a a M M a a r r , o o n n l l y y w w a a y y f f o o r r n n a a t t i i o o n n t t o o g g r r o o w w i i t t s s e e l l f f t t o o m m a a t t u u r r e e s s t t a a t t u u s s * B B C C A A h h e e a a d d a a g g a a i i n n c c a a l l l l s s o o n n g g o o v v e e r r n n m m e e n n t t t t o o p p a a s s s s C C o o n n t t r r a a c c t t o o r r s s B B i i l l l l , a a s s r r e e q q u u i i r r e e d d t t o o e e n n a a b b l l e e B B a a h h a a m m i i a a n n s s t t o o g g e e t t a a p p i i e e c c e e o o f f t t h h e e p p i i e e SEE page 4B By NEIL HARTNELL Tribune Business Editor A rival telecoms player has expressed concerns that the proposed mergerb etween Cable Bahamas and Systems Resource Group (SRG N etworks parent, could be anticompetitive and have a detrimental impact on the wider Bahamian market. Edison Sumner, IP Solutions Internationals presi dent, told Tribune Business prior to departing for Wednesdays Abaco Busi ness Outlook that the p lanned merger, which w ould create a Triple Play provider of communications services in the areas of Inter net, video, data and voice traffic, could impact the maintenance of a level playing field in the telecommunications industry. I think it will have an impact on the market, and issue like a level playing Anticompetitive fears over Cable, SRG merger SEE page 4B By NEIL HARTNELL T ribune Business Editor A former finance minist er yesterday expressed c oncern that the down grade suffered by the Bahamas sovereign credit rating was beginning tos how in the international capital market borrowing costs faced by the Govern m ent, although the present incumbent said the evi dence showed nothing had changed. J ames Smith, minister of s tate for finance in the former 2002-2007 Christie administration, said thatj udging from Wednesdays debate in the House of Assembly, during which the Government said it would have incurred a 7 per cent interest rate if it had to borrow on the international capital markets to finance the JFK Drive highway upgrade, the December 2009 downgrade b y Standard and Poors (S&P the Bahamas credit rating to junk bond status. Commenting on the Bahamas current total national debt, which stands at around $4 billion, Mr Smith told Tribune Busi ness: Its a source for concern, not just the debt but the rate at which its grow ing. Picking up on yesterdays House of Assembly debate, during which the Governments representatives pointed to the interest sav ings advantages offered by a 2 per cent China ExportImport Bank loan, as opposed to the 7 per cent international investors would have charged, Mr Smith said: In this environment of low interest rates, Minister dismisses junk bond fears SEE page 4B J AMES SMITH B y NEIL HARTNELL Tribune Business Editor B ahamas Customs was yesterday accused of delive ring a crushing blow to legitimate trade by its refusal to clear trailersi mported by Grand Bahama Port Authority (GBPA l icencees unless they submitted to it reports on bonde d goods sales, a former Chamber of Commercep resident arguing this position was at odds with the Governments statement tot he World Trade Organisat ion (WTO C hristoper Lowe, the exGrand Bahama Chamber p resident, told Tribune Busin ess that numerous GBPA l icencees, including his own business, Kellys (Freeport had been either told directly or via their brokers that Customs would not clear their imports unless the reports something he said were not required under any law, policy or agreement were provided. Bahamas Customs is r efusing to clear the goods in trailers for any licensee company of the Grand BahamaP ort Authority, unless they c omply with a demand for a bonded sales report, which i s an unknown instrument, M r Lowe told this newspa p er yesterday. They have not even displayed the courtesy to outline to us in writ ing the format or content that they desire. While some licensees have caved in to the pressures and threats of Bahamas Customs to their business operations and livelihoods, and have scrambled to produce such ar eport, there is no lawful Customs policys crushing blow n Former Grand Bahama Chamber chief says Department refusing to clear trailers unless bonded goods sales report, an unheard of requirement, submitted n Argues move inconsistent with the Bahamas WTO position, and proprietary and confidential business information being sought SEE page 3B B y NEIL HARTNELL Tribune Business Editor The fallout from the boardroom battle at the British C olonial Hilton continues to rumble on, Tribune Business can reveal, with its Canadian pension fund investor urging its fellow shareholder to inform the Registrar General that the agreement governing their partnership remains in f orce. A September 1, 2010, letter from Canadian QC, Alan Lenezner, on behalf of the Canadian Commercial Workers Industry Pension Plan (CCWIPPo f Swiss/UK-based private equity house, Adurion, also urged that their client withdraw an application to the Central Bank of the Bahamas for permission to refinance the $19 m illion loan at the centre of their dispute. T he letter, seen by Tribune Business, urged Adurion and i ts Fort Nassau Investments vehicle to advise the Registrar-General, in his capacity as Registrar of Companies, t hat the Universal Shareholders Agreement governing their relationship at the Hilton was invalidly terminated and remains in force. T he letter also requested that Adurion withdraw its applic ation to the Central Bank for an affiliated company, Equilibrium, to replace Fort Nassau Investments as the lender. As previously revealed by Tribune Business, a Canadian arbitration ruling effectively prevents Adurion, as the 71 per cent controlling shareholder, from refinancing its own $19.09 million bridging loan to the Hilton, something it allegedh ad created a $3.4 million "net benefit" for the downtown Nassau resort. Shareholder rift continues at the Hilton SEE page 2B T riple Play provider eyes extra $6m spend SEE page 3B

PAGE 11

C M Y K C M Y K B USINESS P AGE 2B, FRIDAY, SEPTEMBER 24, 2010 THE TRIBUNE TO DISCUSS STORIES ON THIS PAGE LOG ON TO WWW.TRIBUNE242.COM CCWIPP, which holds the remaining 29 per cent stake and has $60 million i nvested in the Hilton, had refused to approve the refinancing on the grounds t hat the Bahamian resort would be unable to generate enough cash flow to p ay off the new loan's terms. The Canadian pension fund feared that if this happened, any default on repaying the refinancing could wipe out its equity in downtown Nassau's 'anchor property' and prevent it from receiving the $26.5 million it had effectively been guaranteed when it sold a majority interest in the resort inl ate 2006. T he ruling thus leaves the Hilton's 71 per cent majority shareholder, the Swiss/UK-based private equity house Adurion and its Bahamian-incorporated investment vehicle, Fort Nassau Investments Company, holding a $19.09 million loan that the Nassau-based resort and its immediate holding company have defaulted upon. Adurion had pushed the new bridging facility, which was to come from a c ompany, Equilibrium, that it also controlled, on the grounds that the initial $19.09 million facility had been offered at sub-market rates that were not comm ercially viable. The new loan would also be secured on the British Colonial Development Company's shares, and Adurion accused CCWIPP of putting its equity posit ion in the resort ahead of the property's financial needs. I t argued: "Fort Nassau's willingness to continue to extend the loan at submarket terms for 32 months (26 months past the six-month term ed in a new cost to Fort Nassau Investments and net benefit to the company [ the resort] of $3.4 million.......... "As the commercial deal underlying the agreement is a 50/50 deal, [CCWIPP's] refusal to comply with the agreement has resulted in a net benefit to[ CCWIPP] of $1.7 million." Adurion/Fort Nassau demanded that CCWIPP p ay it damages of $5,900 per day. In his decision, the arbitrator found that neither CCWIPP nor Adurion acted in bad faith, and both parties did not intend the initial bridge facility to still be in place. Given that Adurion would effectively take 100 per cent control of the British Colonial Hilton if the Equilibrium loan was defaulted upon, thea rbitrator found: "The proposed Equilibrium loan is nothing more than the Fort Nassau Investments bridge loan on terms that are better for the lender. Fort Nassau and Equilibrium were interchangeable both before the Equilibrium loan and under it. The beneficial interests in these two entities are identical." Finding that the Equilibrium loan required approval from both shareh olders, the arbitrator said it was "not in the best interest" of the British Colon ial Hilton, which was better off with the original defaulted facility. The new facility was "more burdensome", and Adurion was "acting in total selfinterest" in proposing it. The evidence is clear that the hotel business is flourishing. Even if it w eren't, the proposed Equilibrium loan does nothing to assist [the British Colonial Hilton], its assets or the underlying business," the arbitrator found. "The consequence of my decision is to leave Fort Nassau Investments in a p osition where its loan is in default and has been for some time." The arbitrator also concluded that Adurion wrongfully terminated the shareholders' agreement between itself and CCWIPP when it attempted, on February 22, 2 010, sought to obtain approval of the Equilibrium loan from the hotel's Board, which it controlled. Shareholder rift continues at the Hilton FROM page 1B B y CHESTER ROBARDS B usiness Reporter c robards@tribunemedia.net SOME individuals who paid the increased import duty on vehicles the day the 2010-2011 Budget was announced still haven ot received their rebates from t he Customs Department, Trib une Business has learned. C omptroller of Customs, Glen Gomez, said many of the rebates had already been paid, while others said they did not know how to proceed for the refund. O ne individual, who spoke on condition of anonymity, went to C ustoms to collect their new car as Prime Minister Hubert Ingraham stood in the House ofA ssembly announcing the rate increase. When the individual a rrived at the dock, they found that the price to remove the car from Customs had increased by 2 5 per cent. The Government, immediatel y recognising the problem, agreed to offer a rebate for those individuals who paid the extra d uty, but did not offer instruction on how to go about collecti ng it. Some people may have been m issed, but personally I havent g otten any calls, said Mr Gomez. I heard something f rom the Ministry of Finance, but more than 20 people had b een addressed and there are at least four that came in recent-l y. According to him, anyone requiring reimbursement wouldh ave to apply for it. It wasnt up to us to look through the record, he said. Even if we did, a lot of the documents have only PO Boxes, while the forms ask for a clear address. With a PO Box we dont k now how to find you. List However, Ehurd Cunningham, t he Ministry of Finances Financial Secretary, told Tribune Busin ess recently that the Ministry of Finance had a list of every individual who is owed a rebate,a nd would be contacting them at the appropriate time. Many companies and individuals who went to pick up their imported cars the day the Prime Minister revealed the 2010-2011 Budget found they had to pay a n extra 25 per cent on their v ehicle if the engine size topped 2 ,000 cc. Many said they had calculated and budgeted for the original duty rate and were taken aback t o find it had changed. However, after meeting with auto industry officials, Mr Ingrah am made amendments to the d uty rate changes, adding a third t ier of engine size and duty rate. Following representations m ade by the Bahamas Motor D ealers Association (BMDA M r Ingraham introduced a 75 p er cent rate for vehicles with engine capacity between 2,0002,500 cc a move he said woulda id some Honda, Mazda, Ford and Hyundai models. All those below 2,000 cc will still pay a 65 per cent duty rate, and those above 2,500 cc, 85 per cent. While these changes gave auto dealers some relief, one motor d ealer told Tribune Business it is s till a "shocker to the system". Concerns persist over auto rebates GLENN GOMEZ Share your news The Tribune wants to hear from people who are making news in their neighbour hoods. Perhaps you ar e raising funds for a good cause, campaigning for improvements in the ar ea or have won an award. If so, call us on 322-1986 and shar e your story.

PAGE 12

C M Y K C M Y K BUSINESS T HE TRIBUNE FRIDAY, SEPTEMBER 24, 2010, PAGE 3B TO DISCUSS STORIES ON THIS PAGE LOG ON TO WWW.TRIBUNE242.COM basis for its provision. Mr Lowe explained to Tribune Business that all GBPA licencees, including Kellys (Freeport ted to Customs on the 15th of each subsequent montha report on product sales where duties were post-paid, something that was totally different from the informat ion now being requested. A duty-paid sales report has always been furnished a s supporting documentat ion for a duty-paid sales e ntry, along with the remittance of the duty collected,j ust as invoices are furnished w ith an entry for import clearance, Mr Lowe e xplained. The two reports, d uty paid and bonded, are not the same, and serve diff erent purposes. This is a n ew and unprecedented d emand, asking for proprietary and confidential business information, and fur-t hermore is a new approach for the audit [of GBPA licencess] that the Supreme Court ruled to be unlawful. Bonded goods sales is a practice whereby Freeportbased wholesalers, such as D olly Madison, Kellys ( Freeport) and Bellevue B usiness Depot, are able to sell products to other GBPA l icencees for use in their r espective businesses, only without any duty being paid to Customs/Government on their sale. It is a report ont his activity that Customs is seeking, but Mr Lowe said this has never been requiredb efore. It is like a fishing expe dition and audit in a differ ent form. This is something n ew. It doesnt exist. I dont k now whats in it and what they want. We dont know the format of it, Mr Lowe told Tribune Business. This is another crushing blow to the legitimate trade. He contrasted Customs a ctions with Zhivargo Laings statements to the WTO last week, in which the minister, describing the B ahamas, said that as a very open economy it has long been the policy of the G overnment protect the r ight of legal entities to import and export authorized goods without arbitrary restrictions". I have an extreme diffi culty with his presentation on behalf of our country in the face of the current restrictions to trade now being newly imposed by Bahamas Customs in Freeport Grand Bahama, Mr Lowe said. Perhaps representations should be made to the WTO outlining the true state of affairs in respect of internal trade. As had been sought under both his Chamber presiden cy and that of Doswell Coakleys, he called on Customs to come and sit down with us and hash this out with some intelligence, not use brute force and threats. And Mr Lowe also warned that Customs policy of not clearing trailers was effectively cutting off the Departments nose to spite its face, adding: If we do not get our trailers cleared, our sales will plummet, as will their revenues. Customs Comptroller Glenn Gomez declined to go into detail on the matter when contacted by Tribune Business yesterday, but suggested that Mr Lowes views did not represent the major ity of GBPA licencees. He also denied that Customs had said it would refuse to clear trailers unless bonded goods sales reports were submitted, and indi cated that it was normal practice and policy for GBPA licencees to make them. When pressed by Tribune Business, he appeared not to differentiate between a bonded goods sales report and post-paid duty sales report. Customs policys crushing blow FROM page 1B ica by subleasing fibre band width to support their services. The company has its dis tribution towers on order to be placed in strategic locations to service the Abaco community. Mr Sumner said the com pany has also reopened dis cussions with BTC for an interconnection agreement that had been shelved for some time. The company also has full approvals from the Utilities Regulation and Competition Authority (URCA allows the company to provide its full suite of services. While the bandwidth demand for the services will be enormous, Mr Sumner is sure the network will be able to allow video services from the back office to the home, as well as mobile television and managed tele vision, which has been the main driver of traffic on the network. This compelling service infrastructure must handle high volume, multicast and uni-cast traffic while meeting the high demand required, he said. Triple Play provider eyes extra $6m spend FROM page 1B I I N N S S I I G G H H T T F o o r r t t h h e e s s t t o o r r i i e e s s b b e e h h i i n n d d t t h h e e n n e e w w s s , r r e e a a d d I I n n s s i i g g h h t t o o n n M M o o n n d d a a y y s s By CHESTER ROBARDS Business Reporter crobards@tribunemedia.net THE BAHAMAS Industrial and Agricultural Corporation (BAIC m anufactured goods sold in the Straw Market instead of i mports, which drive $300 million out of the country, its deputy chairman said recently. This comes on the heels of a federal counterfeit goods s ting in New York involving nine Bahamian straw vendors. Ronald Darville, speaking at the Abaco Business Outlook, said manufacturing handicrafts for sale locally is a huge opportunity to spawn small and medium-sized industries and c apturing millions of dollars spent on imported souvenirs. We see it as our responsibility to not just c ontinually bring these o pportunities to the atten t ion of Bahamians but also to provide incentives for them to take advant age of them, said Mr Darville. Thus armed with our best handicraft trainers, we have been throughout t he islands instructing Bahamians in the fine art o f souvenir production, utilizing basically the ingredients found in thel ocal environment. Artisans According to Mr Darville, hundreds of arti sans have already beent rained, handicraft assoc iations formed and national exhibitions held featuring authenticallyB ahamian products. He added that indicators have shown that visitors pre fer authentically produced handicrafts, and suggested that opportunities abound for the start-up of small and medi u m-sized businesses that cater to tourists. Mr Darville said that when the new Marsh Harbour Farmers Market is complete there will be accommodations for Abaconian artisans. He pled for the Ministry of Tourism tou se the new Downtown Nassau Straw Market to do the same. I take note that the Straw Market downtown Nassau is f ast nearing completion, he said. It is our plea to the Ministry of Tourism that that facili ty be a showcase to the world of authentically Bahamian products, and not just a replica of whats currently obtained under the tent. Some National Training Programme participants unveiled their shell craft at the Bahamas Chamber of Commerce last month, many of them lauding the initiative for opening their eyes to the trade and helping them create a business where they never before thought one existed. BAIC targets $300m import reduction I take note that the Straw Marketd owntown Nassau is fast nearing com p letion, he said. It is our plea to the Ministry of Tourism that that facility be a showcase to the world of authentically Bahamianp roducts, and not just a replica of w hats currently obtained under the tent. Ronald Darville

PAGE 13

f ield and competition, Mr S umner said. Frankly, I t hink the deal is going to be a nti-competitive to the market. I have similar concerns about the BTC deal [privatisation]. Mr Sumner said he did not want to comment fur ther until IP Solutions Inter-n ationals Board approved an official company statement, which they were s cheduled to do yesterday a fternoon. R ival telecoms players and interested parties have until October 1 to submitt heir comments and concerns about the Cable Bahamas/SRG tie-up to the Utilities Regulation & Com-p etition Authority (URCA the sector regulator that will make the determination asto whether to approve the m erger. The opposition from rival telecoms players, especiallys maller ones and start-ups s uch as IP Solutions Inter national, is both predictable and understandable, since they will fear the mergede ntity together with a privatised BTC will have e nough market share, economies of scale and power to force out all rival opera tors. Both Cable Bahamas/SRG and BTC h ave their own infrastructure and networks, a priceless advantage, since other operators will either be forced to finance their owno r rent/lease from the two incumbents. M arket observers have a lready privately told Tribune Business that Cable B ahamas decision to formally consummate its marr iage with SRG, something that has been in the makingf or five-six years, seems to p resume that the Bahamian communications market wille ffectively evolve into a d uopoly, dominated by the merged entity and BTC at the expense of all others. Indeed, Cable Bahamas h as made no secret of its desire to obtain a cellular licence when that sector iso pened post-privatisation, something that would furt her a duopoly position if granted. And, if Cable & Wireless becomes the priv atisation partner for BTC, it will bring its video/TV o ffering to that company, positioning the two incumbents to truly go head-tohead. Whether this happens at the expense of increasedc ompetition from rival operators is likely to weight h eavily in URCAs delibera tions, with the regulator also having to take into a ccount whether the Bahamas relatively small 3 00,000-350,000 population can sustain more than justC able Bahamas/SRG and B TC. One source suggested that C able Bahamas decision to m ove now on executing the call option to acquire SRG indicated it was extremely confident that it would passa ll URCAs Significant Market Power (SMP tions in short order. T his requires it to com plete the accounting separation for all its business lines, in addition to splittingo ff or unbundling its cable T V offering from its Inter net business. Anthony But ler, Cable Bahamas presi d ent and chief executive, recently indicated the com pany believed it would meeti ts obligations shortly. A nother issue URCA was l ikely to reflect on, the source said, was whether Cable Bahamas had fulfilled its contractual commitments t o bring its cable TV services to all Bahamian islands. This h as been a bone of cont ention in the past, with Cable Bahamas arguing it h as done the necessary, but the source said comments by SRG president, Paul H utton-Ashkenny, indicated this might be achieved ass backwards, as the BISX-listed firm would be able to use its new sub-s idiarys network to reach islands that previously were n ot commercially viable. Other responses to the merger have, to-date, been n oncommittal. Marlon Johnson, BTCs vice-president of s ales and marketing, told Tribune Business: One of the things BTC has always g one on record as saying is that it supports all moves that enhance competition int he sector, because it bene fits the consumer. We want to ensure that everything is done in accor d ance with the spirit and intent of the Communica tions Act, the regulations, Utilities Regulation & Com-p etition Authority (URCA and the proper regulatory criteria. Once that is done, we r ecognise that the growth of the market and develop ment of the market is something that benefits all playersi n the market, and most importantly benefits consumers in the market. We support the particip ation of companies in a way that certainly benefits society as a whole. C M Y K C M Y K B USINESS P AGE 4B, FRIDAY, SEPTEMBER 24, 2010 THE TRIBUNE TO DISCUSS STORIES ON THIS PAGE LOG ON TO WWW.TRIBUNE242.COM -XOLXV%DHU*URXSWKHOHDGLQJGHGLFDWHG:HDOWK 0DQDJHPHQWLVVHHNLQJFDQGLGDWHVIRUWKHSRVLWLRQ5(/$7,216+,3$1$*(5 &25((63216,%,/,7,(6 $FTXLVLWLRQRIQHZFOLHQWVDQGVHUYLFLQJH[LVWLQJFOLHQW UHODWLRQVKLSVZLWKIRFXVRQ,WDOLDQVSHDNLQJPDUNHW 3URPRWH1DVVDXDVQDQFLDOFHQWUHDQG-%1DVVDX DVERRNLQJFHQWUHIRURIIVKRUHFOLHQWV 5(48,5('.,//6 ([FHOOHQW,WDOLDQYHUEDODQGZULWWHQFRPPXQLFDWLRQ VNLOO3&OLWHUDWHZLWKVWURQJ([FHO:3RZHU3RLQW DELOLW\WROHDUQQHZDSSOLFDWLRQVTXLFNO\f$ FRPPLWPHQWWRVHUYLFHH[FHOOHQFH (;3(5,(1&( 0LQLPXP\HDUVH[SHULHQFHLQ3ULYDWH%DQNLQJ RUUHODWHGHOG ('8&$7,21 $ %DFKHORUVGHJUHHZLWKFRQFHQWUDWLRQLQ(FRQRPLF %XVLQHVV$GPLQLVWUDWLRQRUHTXLYDOHQW )25(,*1/$1*8$*(6 0XVWVSHDN(QJOLVKDQG,WDOLDQDWKLUGODQJXDJH ZRXOGEHDQDVVHW :RIIHUYHU\FRPSHWLWLYHFRPSHQVDWLRQDQG EHQHWVSDFNDJHVWLPXODWLQJZRUNHQYLURQPHQW DQGWKHRSSRUWXQLW\WRPDNHVLJQLFDQWFRQWULEXWLRQ WRRXUEXVLQHVVZKLOHH[SDQGLQJ\RXUFDUHHU ,QWHUHVWHGFDQGLGDWHVVKRXOGIRUZDUGFRS\RIWKHLU UHVXPH6HSWHPEHUWRWKHDWWHQWLRQ %< %<$,/ 3HUVRQDOt&RQHUVRQDOt&RQGHQWLDO +XPDQHVRXUFHV+XPDQHVRXUFHV 2FHDQ&HQWHURQWDJXH)RUHVKRUH3 (DVW%D\WUHHW1DVVDX%DKDPDV 3 1DVVDX%DKDPDV 127,&( $OOPHPEHUVRIWKH3XEOLF :RUNHUV&RRSHUDWLYH&UHGLW 8QLRQ/LPLWHGDQGWKHJHQHUDO SXEOLFDUHLQYLWHGWRDWWHQGD )5(( /(*$/6(0,1$5 VSRQVRUHGWKH(GXFD WLRQ&RPPLWWHHRIWKH3XEOLF :RUNHUV&RRSHUDWLYH&UHGLW 8QLRQ/LPLWHGWREHKHOGRQ )ULGD\6HSWHPEHU DWWKH%DKDPDV&RRSHUDWLYH /HDJXH/LPLWHG5XVVHOO5RDG 2DNHV)LHOGQH[WWR:HQG\Vf 3UHVHQWDWLRQVZLOOEHPDGHE\ fELH)HUJXVRQRQ/DERXU /DZDQG f&RQVWDQFH'HODQH\RQ &RPPHUFLDO/DZ 3ODQWRDWWHQGDQG EULQJDIULHQG 5HIUHVKPHQWVZLOOEHVHUYHG t ions (BCA h ard to get contractors as opposed to tradesmen involved with projects such as Baha Mars proposed $2.6 billion Cable Beach expansion and the $409.5 million Lynden Pindling International Airport (LPIA edge transfer would take place if Bahamians simply providedt he labour. T o facilitate this, Mr Wrinkle again called for the Governm ent to pass the Contractors Bill into law, since it would stop Bahamian construction companies begging like children for a piece of the pie on these projects through implementing an internationally-recognised licensing and certification system. Given the absence of a system that showed Bahamian cont ractors met international standards, the BCA president said t hat in many cases the developers themselves despite wanting to hire locally were prevented from hiring local firms by their financiers, insurers and bonding companies. Telling Tribune Business that the BCA was working very hard with the Nassau Airport Development Company (NAD to maximise Bahamian contractor participation on the phaset wo redevelopment, the renovation of the existing US departure t erminal building, Mr Wrinkle said a major concern was that LPIA and other major projects would suck labour away from existing contractors. Those contractors may have paid to train those several thousand workers, but will be left with none if theyve left us to w ork on the airport and Baha Mar, so that is why were now pressing to involve not just the tradesmen but the contractors, who can bring a whole unit to the table, Mr Wrinkle explained. S mall contractors, who frequently employed three to five workers, could be stuck with no crew, the BCA president added, telling this newspaper: That is the big threat, and why were working so hard with these companies to get the small contractors involved. Retarded Minimal Bahamian contractor involvement on key investment projects also retarded this nations growth and develop-m ent, he argued, as there would be no knowledge transfer opportunities and chance for local companies to prove them-s elves. Id hate for people to think weve been successful if we h ave a 75-80 per cent Bahamian workforce on these projects. Thats just a job. Well never grow ourselves to mature status as a developed country if all were doing is providing labour.T heres no knowledge transfer, Mr Wrinkle said. We have to make sure our contractors have active participation in these projects. They have to be licensed, trained andc ertified. We must get ourselves organised and have working r elationships with them [foreign investors and developers] to feed those workers into the system. Its not an easy task for our side, and not an easy task for their side. B ahamian contractors and tradesmen also needed to rede fine their roles if they were to increasingly work on major, foreign direct investment-driven projects, Mr Wrinkle said, some t hing that would be facilitated by passage of the Contractors Bill. Unless we get this Contractors Bill passed, and interna tional developers have some assurance that a contractor or s ub-contractor meets some international requirement, we will continue to struggle to get a piece of the pie on these projects, the BCA president said. Developers are bound by criteria from banks, bonding and insurance companies, and in many cases cannot afford the lux ury of hiring someone at their discretion. The Contractors Bill will stipulate licensing requirements that will be internationally r ecognised. The sooner that we get our Bill passed and house in order, the sooner we will be able to play an active role in the development of the country. M r Wrinkle said the Bills passage into statute would mean the BCA no longer had to raise its voice about getting Bahamian contractors to participate in major developmentp rojects. We have to justify ourselves because we do not have the legislation in place to do that for us, he added. In an environment such as the Bahamas, where were completely relianto n foreign direct investment projects for economic growth, it is imperative we enact legislation that ensures maximum Bahami an participation. There is no way that the Bahamas is going to fund its own growth; we all recognise the need for foreign direct investment, but my God, at least pass the legislation to help us get a piece of the pie. Were out there begging like children. If the Government can do its part in passing legislation and mandating funding from any foreign direct investment application, we know weve got the structure through licensing to provide quality people to build these projects. Its not an insurmountable task, and requires a little commitment on everyones part. ere begging like children FROM page 1B FROM page 1B Anticompetitive fears over Cable, SRG merger that downgrade from Standard & Poors is beginning to show in the borrowing environment. If we had to get this money from t he market for Bahamas government bonds at 7 per cent, thats a junk bond, because the 30-year US Treasuries are paying less than 4 per cent, and the one-year London Inter-Bank Offering Rate (LIBOR So, clearly something out there if the rates we are now hearing are to be believed. This is very concerning. We all ought to be quite concerned about whats happening with that debt. These concerns were refuted yesterd ay, though, by present minister of state for finance Zhivargo Laing, who p ointed out to Tribune Business that the Governments last international capital market borrowing, the $300 million bond issue placed in late 2009, had a ttracted the same 7 per cent interest rate before S&P made its downgrade move. While the Government would never have put the $58 million financing needed for the JFK Drive expans ion out to the global markets, as its r elatively small size meant it would have been difficult to attract investors, M r Laing said the 7 per cent rate obtained prior to the downgrade was competitive. It was the rating itself that was r evised downwards, Mr Laing a cknowledged. Obviously, that makes o ur money more expensive, but were s till investment grade. S&P downgraded this nation's longterm debt from an 'A-' rating to 's', reflecting the Bahamas' weakening fiscal position. It said the lowering of the B ahamas' long-term sovereign credit rating was directly related to its "deteriorating fiscal position". Meanwhile, Mr Smith yesterday suggested that the Government may have u nderestimated the depth and length of the recession with its decision to fund deficit spending by borrowing, questioning whether that was now an appropriate policy response to that d ebt. He also pointed to the fact that the Bahamas total foreign currency debt s tood at $1.139 billion at year-end 2009, h aving more than doubled compared to 2005-year ends $553.442 million. This, Mr Smith said, ultimately had implications for the Bahamas foreign e xchange rate, and he added: If that doesnt worry us, I dont know what should. FROM page 1B Minister dismisses junk bond fears ZHIVARGOLAING

PAGE 14

UNITED NATIONS President Barack Obama said Thursday that U.S. cooperation with China has helped ease global financial turmoil, but behind closed doors he and Premier Wen Jiabao continued wrangling over American charges that China's currency is undervalued, according to Associated Press A U.S. official who was present called talks between the two "positive" and "genuine" but acknowledged that the cur rency dispute was the dominant issue. U.S. exporters contend China's yuan is kept artificially low, giving Chinese companies an unfair advantage. In a speech Wednesday, Wen denied that and warned against letting the issue be politicized. "There was a lengthy discussion of the impact and the politics of the issue," said Jeffrey Bader, an Asia expert on Obama's National Security Council. Bader said Wen reiterated China's intent to gradually allow the yuan to rise. But Obama has publicly said that's not happening fast enough. The meeting with the Chinese leader came on the sidelines of the U.N. General Assembly meeting in New York. During a brief photo session, Obama praised Chinese leaders for working with the United States on economic, nuclear nonproliferation and Asian security issues. But, Obama said, "obviously, we continue to have more work to do on the economic front." "It is going to be very important for us to have frank dis cussions and continue to do more work cooperatively in order to achieve the kind of balance of sustained economic growth that is so important," he said. Despite intertwined economies and a growing dependence on each other in global diplomatic, environmental and security matters, Washington and Beijing have deep differences, especially on economic and trade policies. Trade friction has become even more pronounced ahead of U.S. congressional elections in November and at a time of high American unemployment. In their public comments, Obama and Wen focused on the positive. "Our common interests far outweigh our differences," Wen said through an interpreter. US-China cooperation, Oba ma said, is "a critical ingredient in a whole range of security issues around the world." In his Wednesday speech, Wen saw no link between the yuan's value and China's trade advantage over the United States. The politically sensitive U.S. trade deficit with China jumped to $26.2 billion in June, the largest one-month gap since October 2008. C M Y K C M Y K I NTERNATIONAL BUSINESS THE TRIBUNE FRIDAY, SEPTEMBER 24, 2010, PAGE 5B TO DISCUSS STORIES ON THIS PAGE LOG ON TO WWW.TRIBUNE242.COM THE COLLEGE OF THE BAHAMASVisit our website at www.cob.edu.bsNOTICE The deadline for applications for Spring (January Friday, September 24th, 2010 at 4:00 p.m. Applications may be accessed online at www .cob.edu.bs or collected from the Office of Admissions, ph: 302-4499/302-4462 or email: admissions@cob.edu.bs +LJK(QG&RPPHUFLDOHDO(VWDWH 0XOWL)DPLO\/RWIRUVDOH %HDXWLIXO:HVWULGJH(VWDWHRUWK 3DYHGRDGV %DQN)LQDQFLQJ$YDLODEOHb'RZQ 7 ) 2 5 6$/( 14thAmericas Food&Beverage Show&Conference For information contact Omar Gonzalez at omar.gonzalez@fas.usda.gov. Great airline and hotel discounts available.October26-27,2010MiamiBeachConventionCenterMEET +350 exhibitors from +27 countries WITNESSthe Americas Chef Competition, where Olympic Chefs try to conquer the AmericasVISIT20 international pavilions, offering unique products and servicesNETWORKwith 6,000 food and beverage buyers from 63 countries under one roofBENEFITfrom a one stop opportunity for ideas, products and business Attend theRegister NOW:www.americasfoodandbeverage.comDONT MISSthe Taste of Peru Pavillion MARYCLAIRE DALE, Associated Press Writer PHILADELPHIA Secured lenders again won a bankruptcy auction Thursday for Philadelphia's two largest newspapers with a $105 million cash bid. Their offer topped an $85 million bid from local philanthropist Raymond Perelman for The Philadelphia Inquirer and Philadelphia Daily News. Creditors plan to cut costs by 13 percent across the board, but have pledged to continue publishing both newspapers and hold off on any newsroom layoffs for at least one year. The acrimonious 19-month bankruptcy has been a rollercoaster ride for employees, readers and advertisers, incoming Publisher Greg Osberg said. "We are hoping we've lifted a cloud," said Osberg, who said the turmoil has been especially difficult for the company's several thousand employees. "They've been extremely resilient, extremely patient, but I think they're eager to move forward." Osberg vowed immediate improvements to the newspa pers and a more robust online presence on the Philly.com website. The creditors group includes the hedge funds Alden Capital and Angelo Gordon, the latter of which now owns stakes in newspapers in Los Angeles, Chicago, Minneapolis and several other U.S. cities. The group said it will honor contracts forged in recent months with most of the 15 employee unions in Philadelphia. But creditors' lawyer Fred Hodara said that "all options are on the open" to the buyers if they cannot make a deal with holdout delivery drivers who refuse to sign because of a dis pute over pension issues. The creditors, known as PN Purchasers, plan to end contributions to their Teamsters pension fund and switch the dri vers to individual 401k plans. The drivers have balked. Other unions have negotiated various ways to reach the desired cost savings. Newsroom employees have agreed to a 2 percent wage cut and 10-day furlough that amounts to a 6 percent drop in pay for the next three years. The 93-year-old Perelman, a city native who made his money buying and selling business es, said this week that he hoped to preserve the integrity of the newspapers he cherishes. Perelman, whose opening bid was $50 million, said it did not make financial sense for him to push his bid any higher. He wished the new owners well. "I feel good that we're out of bankruptcy," said outgoing Publisher Brian Tierney, who led a group of local investors who borrowed heavily to buy the company in 2006 for $515 million. The company filed for bankruptcy in February 2009. Tierney fought tenaciously with creditors during the prolonged bankruptcy process. "There's been a certain amount of rawness over the last couple of years, especially the last couple of months. We have to focus on healing," he said Thursday. Creditors had also won a spring auction for the company with a similar bid of $105 million cash plus the newspaper building, valued at about $30 million, and a few million in costs. But they walked away from that $139 million deal over the stalemate with the drivers' union. Chief U.S. District Judge Stephen Raslavich wants Thursday's sale to close by midOctober. The auction is part of the Tierney group's Chapter 11 reorganization plan. A plan confirmation hearing is set for Sept. 30. NEW YORK Gold prices traded in record territory again Thursday as inflation-wary investors bid prices up near the psychologically important threshold of $1,300 an ounce, according to AssociatedPress. Gold prices gained $4.20 to settle a record $1,296.30 an ounce, building on gains it made after the Federal Reserve announced Tuesday it might take further steps to stimulate the economy. Investors buy gold when they want to protect themselves against inflation, and it appears the Fed's statement stoked fears the dollar's value will continue to fall. If gold passes $1,300 an ounce, it will likely stay above that level for some time, said CPM Group analyst Carlos Sanchez. "It's seen technically as a resistance level," Sanchez said. If gold breaks through that barrier, investors will feel confident enough to bid it even higher. "The next rally could be between $1,320, or $1,330," Sanchez said. Gold prices have nearly doubled since 2008, when an economic panic shook global credit markets and central banks responded by flooding currency markets. Since then, global economic uncertainty and inflation fears have spurred investors to shift money from stocks and cash into gold. Other precious metals also rose. Sil ver December contracts gained 15.8 cents to settle at $21.213 an ounce and copper gained 2.55 cents to settle at $3.5905 a pound. September platinum gained $17.30 to settle at $1,650.20 a pound while September palladium gained $15.20 to settle at $554.85. In other trading, grain prices continued to sag after last week's run-up. Corn fell 5.75 cents to $4.9925 a bushel. December wheat contracts fell 22.5 cents to settle at $6.9725 a bushel. November soybeans added 5 cents to settle at $10.935 a bushel. Coffee gained 1.55 cents to settle at $1.8310 a pound. Oil prices rose after two reports provided some hope for the economic recovery strengthening. The Conference Board said its index of leading economic indicators increased more than expected in August and the National Association of Realtors said sales of previously occupied homes rose 7.6 percent last month after plummeting in July. Benchmark oil for November delivery rose 47 cents to $75.18 a barrel on the Nymex. In other trading, heating oil rose 0.75 cent to settle at $2.1145 a gallon and gasoline added 1.60 cents to settle at $1.9174 a gallon. Natural gas prices edged higher as traders kept an eye on a potential tropical storm that could disrupt Gulf of Mexico production. Natural gas gained 5.3 cents to settle at $4.019 per 1,000 cubic feet on the New York Mercantile Exchange. ( A P Photo / Seth Wenig, file) A LLTHATGLISTERS: I n this file photo taken Nov. 8, 2006, gold bars are on display at the Gold exhibit in the American Museum of Natural History in New York. The price of gold continues to reach new records, crossing $1,290 an ounce on Thursday, Sept. 22, 2010, for the first time. Lenders win Philly papers auction with $105M bid ( AP Photo /Matt Rourke) R EADALLABOUTIT: I n this file photograph taken April 28, 2010, Dave Sexton sells newspapers outside the Philadelphia Inquirer and P hiladelphia Daily News building, left, in Philadelphia. Philadelphias two major newspapers may soon go up for auction again after creditors failed to close on their $139 million purchase by a Tuesday Sept. 1 4, 2010 deadline. GOLD HITS NEW RECORDS, NEARS $1,300 AN OUNCE Obama pursues cur rency spat in meeting with China INTERNATIONAL BUSINESS

PAGE 15

C M Y K C M Y K INTERNATIONALBUSINESS T HE TRIBUNE FRIDAY, SEPTEMBER 24, 2010, PAGE 7B TO DISCUSS STORIES ON THIS PAGE LOG ON TO WWW.TRIBUNE242.COM 52wk-Hi52wk-LowSecurit y Previous CloseToday's CloseChangeDaily Vol.EPS $Div $P/EYield 1 .261.00AML Foods Limited1.011.010.000.2500.0404.03.96% 10.759.67Bahamas Property Fund10.6310.630.000.0130.200817.71.88% 6.184.50Bank of Bahamas4.904.900.000.5980.2608.25.31% 0.580.18Benchmark0.180.180.00-0.8770.000N/M0.00% 3.493.15Bahamas Waste3.153.150.000.1680.09018.82.86% 2 .152.14Fidelity Bank2.172.170.000.0160.040135.61.84% 1 2.509.62Cable Bahamas10.7710.770.001.2120.3108.92.88% 2.842.50Colina Holdings2.502.500.000.7810.0403.21.60% 7.005.40Commonwealth Bank (S1)6.286.280.003000.4220.23014.93.66% 3.651.63Consolidated Water BDRs1.841.81-0.030.1110.05216.32.87% 2.551.60Doctor's Hospital1.901.900.000.1990.1109.55.79%6 .995.94Famguard6.076.070.00-0.0030.240N/M3.95% 1 0.208.50Finco8.508.500.000.2870.52029.66.12% 11.408.77FirstCaribbean Bank9.749.740.000.6450.35015.13.59% 5.513.75Focol (S)5.465.460.000.3660.17014.93.11% 1.001.00Focol Class B Preference1.001.000.000.0000.000N/M0.00% 5 .595.00ICD Utilities5.595.590.000.0120.240465.84.29% 1 0.509.92J. S. Johnson9.929.920.000.8830.64011.26.45% 10.0010.00Premier Real Estate10.0010.000.000.3550.80028.28.00% 52wk-Hi52wk-LowSecuritySymbolLast SaleChangeDaily Vol. 99.4699.46Bahamas Note 6.95 (2029BAH2999.460.00 100.00100.00Fidelity Bank Note 17 (Series A) +FBB17100.000.00 100.00100.00Fidelity Bank Note 22 (Series B) +FBB22100.000.00 1 00.00100.00Fidelity Bank Note 13 (Series C) +FBB13100.000.00 100.00100.00Fidelity Bank Note 15 (Series D) +FBB15100.000.00 52wk-Hi 52wk-Low Symbol Bid$ Ask$ LastPrice DailyVol EPS$ Div$ P/E Yield FINDEX: CLOSE 000.00 | YTD 00.00% | 2009 -12.31%30 May 2013 2 0 November 2029THURSDAY, 23 SEPTEMBER 2010BISX ALL SHARE INDEX: CLOSE 1,500.50 | CHG -0.03 | %CHG 0.00 | YTD -64.88 | YTD % -4.14BISX LISTED DEBT SECURITIES (Bonds trade on a Percentage Pricing basis)M aturity 19 October 2017 7%RoyalFidelity Merchant Bank & Trust Ltd. (Over-The-Counter Securities)29 May 2015 W WW.BISXBAHAMAS.COM | TELEPHONE:242-323-2330 | FACSIMILE: 242-323-23201 9 October 2022 Prime + 1.75% P rime + 1.75% 6 .95%BISX LISTED & TRADED SECURITIES AS OF:7% I nterest 52wk Hi 52wk Low Symbol Bid $ Ask $ Last Price Daily Vol EPS $ Div $ P/E Yield 10.065.01Bahamas Supermarkets5.016.0114.00-2.9450.000N/M0.00% 0.550.40RND Holdings0.350.400.550.0010.000256.60.00% 41.0029.00ABDAB30.1331.5929.004.5400.0009.030.00% 0.550.40RND Holdings0.450.550.550.0020.000261.900.00% 52wk-Hi52wk-LowFund NameNAVYTD%Last 12 Months %NAV 3MTH 1.49041.4005CFAL Bond Fund1.49043.59%6.42%1.475244 2.92652.8266CFAL MSI Preferred Fund2.91150.85%0.23%2.926483 1.55291.4920CFAL Money Market Fund1.55293.02%4.36%1.533976 3.20252.8522Royal Fidelity Bahamas G & I Fund2.8624-8.16%-7.49% 13.638813.0484Royal Fidelity Prime Income Fund13.42860.46%2.40% 109.3929101.6693CFAL Global Bond Fund109.39295.20%7.60%107.570620 105.779593.1998CFAL Global Equity Fund100.1833-1.52%3.56%105.779543 1.12231.0000FG Financial Preferred Income Fund1.12723.43%5.28% 1.09171.0000FG Financial Growth Fund1.09482.51%6.10% 1.11981.0000FG Financial Diversified Fund1.12753.37%5.64% 9.59559.1005Royal Fidelity Bah Int'l Investment Fund Principal Protected TIGRS, Series 19.59552.71%5.96% 11.236110.0000Royal Fidelity Bah Int'l Investment Fund Principal Protected TIGRS, Series 210.3734-3.69%3.38% 10.00009.1708Royal Fidelity Bah Int'l Investment Fund Principal Protected TIGRS, Series 39.1708-8.29%-8.29% 7.96644.8105Royal Fidelity Int'l Fund Equities Sub Fund7.5827-1.74%11.58% BISX ALL SHARE INDEX 19 Dec 02 = 1,000.00YIELD last 12 month dividends divided by closing price 52wk-Hi Highest closing price in last 52 weeksBid $ Buying price of Colina and Fidelity 52wk-Low Lowest closing price in last 52 weeksAsk $ Selling price of Colina and fidelity Previous Close Previous day's weighted price for daily volumeLast Price Last traded over-the-counter price Today's Close Current day's weighted price for daily volumeWeekly Vol. Trading volume of the prior week Change Change in closing price from day to dayEPS $ A company's reported earnings per share for the last 12 mths Daily Vol. Number of total shares traded todayNAV Net Asset Value DIV $ Dividends per share paid in the last 12 monthsN/MNot Meaningful P/E Closing price divided by the last 12 month earningsFINDEX The Fidelity Bahamas Stock Index. January 1, 1994 = 100 (S) 4-for-1 Stock Split Effective Date 8/8/2007 (S1) 3-for-1 Stock Split Effective Date 7/11/200731-Jul-10 31-Aug-10 103.987340 101.725415 30-Jun-10 31-Aug-10 NAV 6MTH 1.452500 2.906205 1.518097TO TRADE CALL: CFAL 242-502-7010 | ROYALFIDELITY 242-356-7764 | FG CAPITAL MARKETS 242-396-4000 | COLONIAL 242-502-752531-Jul-10 30-Jun-10 31-Aug-10 10-Sep-10 31-Aug-10MARKET TERMS31-Aug-10 31-Aug-10CFAL Securities Ltd. (Over-The-Counter Securities)31-Aug-10BISX Listed Mutual FundsNAV Date 31-Jul-10 31-Aug-10 % DKDPDV&KHVW&HQWUHKDUPDF\LVVHHNLQJWROO W KHSRVLWLRQRIDHVLJWHUHGKDUPDFLVW ,QWHUHVWHGFDQGLGDWHVPD\VXEPLWWKHLUUHVXPHVWR WKHDWWHQWLRQRI LUHFWRU%DKDPDV&KHVW&HQWUHKDUPDF\ $YHQXH 1DVVDX%DKDPDV 7 2 QO\TXDOLHGDSSOLFDQWVZLOOEHVKRUWOLVWHGIRU FRQVLGHUDWLRQ :$17(' :,6/(7 %(/,=$,5(RI)ODW 6KRDOV5G&RQ\HUV*D ALAN ZIBEL, AP Real Estate Writer WASHINGTON This year's home sales are shaping up to be as dismal as last year, despite cheap home prices and mortgage rates that h ave fallen to the lowest levels in decades. Sales of previously occupied homes rose last month, but not enough to keep this summer from being the slowest for home sales in more than a decade. And the year is not expected to finish much better. About 3.4 million previously occupied homes have been sold in the U.S. through August. Most experts expect roughly 5 million to be sold through the entire year. That would be in line with last year's totals and just above sales for 2008, the worst since 1997. A few even think sales will fizzle so much this fall that the year will finish worse than 2008, when the country was in the deepest recession since the Great Depression. "We don't have great expectations for housing for the remainder of the year," said Michael Feroli, an economistat JPMorgan Chase, who expects around 5 million homes will be sold this year. "If you're not confident (in the economy you're not going to be buying a home." High unemployment and a record number of foreclosures have kept the economy from gaining strength since the recession ended. Those factors have also deterred people from buy ing homes, with many worried that home prices have yet to reach their bottom. The median sale price last month was $178,600, up only 0.8 percent from a year ago. Potential buyers are nervous, said Eric Matz, a real estate agent with Coldwell Banker in the San Diego area. "Nobody wants to see their investment go down after they buy it," he said. "It's as tough as I've ever seen it." Sales of previously occupied homes did increase 7.6 percent in August from July to a seasonally adjusted annual rate of 4.13 million, the National Association of Realtors said Thursday. But July's sales were the worst in a 15 years, making August the second worst since 1997. The cheapest mortgage rates in decades haven't helped. The average rate on a 30-year fixed mortgage was unchanged at 4.37 percent, mortgage buyer Freddie Mac said. Earlier this month, the rate dipped to 4.32 percent, which was the lowest level on records dating back to 1 971. And unlike last year, this fall there are no government incentives to encourage home-buying. Those were offered throughout most of 2009 before ending in April of this year. Incentiv es T he real estate industry pushed hard for those incentives, making the case that they would help the housing market recover. The Obama administration spent $25 billion on the tax credits. But many econo mists say the government sim ply encouraged buyers to make their purchases earlier in the year. Moody's Analytics projects 5.17 million homes are likely to be sold this year. That's about l evel with 5.16 million last year and slightly above 2008's 4.9 million. Americans bought more than 6 million homes a year from 2003 to 2006, when the housing market was booming. Patrick Newport, an econo mist with forecasting firm IHS G lobal Insight, doesn't see the housing market returning to those levels until 2013. And Newport thinks 2010 will end up as the worst year since 1997, projecting just 4.79 million homes will be sold. The weak job market is dampening sales, he says. When they start hiring, people will move more, which means more homes will sell," he said. Foreclosures have hurt t he market by pulling down prices. About 2.5 million homes have been lost to foreclosure since the recession started in December 2007, according to RealtyTrac Inc. And another 3.3 million homes could be lost to foreclosure or distressed sale over the next four years, according to Moody's Analytics. That means buyers have tons of properties to choose from and don't need to hurry. Even those who want to buy are trying to weed through dozens of properties that are often in bad shape. And buyers often face delays even when they do make an offer. Valkyrie Barnett, 27, of Seattle, and her husband have been on the home hunt for five months. They've seen as many as six houses a week, but most have been foreclosures with severe damage. They put in an offer on one property in June, but haven't gotten a reply. The home is a so-called short sale one in which the bank agrees to let a home sell for less than what the borrower owes on the mort gage. Those sales often take months to complete. While she'd prefer to buy a home soon, Barnett says time is on her side. "I don't feel super rushed," she said. Home sales on pace to finish year as bad as 2009 ( A P Photo / Rich Pedroncelli) ONTHEMARKET: In this photo taken Thursday, Sept. 16, 2010, a short sale home is seen in Sacramento, Calif. Existing-home sales rose in August following a big correction in July, according to the National Association of Realtors INTERNATIONAL BUSINESS S TEPHEN BERNARD, AP Business Writer NEW YORK Stocks erased early losses Thursday after slightly better news on U.S. home sales and leading indicators offset concerns about Europe's economya nd a jump in unemployment claims. Market indexes inched higher in midday trading after a gauge of future economic activity rose modestly and home sales climbed from 15-year lows in August. Stocks had fallen sharply at the opening after claims for unemployment ben-e fits jumped unexpectedly last week and new signs emerged of a slowdown in Europe. The Dow Jones industrial average rose 15 points in midday trading after being down as much as 94 shortly after the opening bell. Investors hoping to avoid risk continued to pilei nto Treasurys, sending interest rates lower. Healthy Thursday's turnaround "really shows we have healthy sentiment," said Anthony Chan, chief economist at J.P. Morgan P rivate Wealth Management. "It shows the market can ignore s ome bad news if it's somewhat balanced with encouraging data." The National Association of Realtors said sales of previously occupied homes rose 7.6 percent last month after plummeti ng in July. The rebound was encouraging, but volume remains weak and August was still the second-worst month for sales in more than a decade. Some analysts are hopeful that home sales have bottomed out. Chan said expectations for the housing market were "so d ire" that any signs of growth is considered positive. The Conference Board, a pri vate research group, said its index of leading economic indicators increased more than expected in August. The gauge is designed to predict future growth, so a jump in the index means the economy will likely continue to expand in the coming months. S tocks erase losses on modest rise in home sales CHRISTOPHER S. RUGABER, AP Economics Writer WASHINGTON The tally of newly laid-off U.S. workers requesting unemployment benefits rose last week for the first time in five weeks as the job market remains sluggish. Initial claims for jobless aid rose by 12,000 to a seasonally adjust ed 465,000, the Labor Department said Thursday. Many economists had expected a flat reading or small drop. The rise suggests that jobs remain scarce and some companies are still cutting workers amid weak economic growth. Initial claims have fallen from a recent spike above a half-million last month. But they have been stuck above 450,000 for most of this year. "What's becoming increasing clear is that this isn't a normal recovery," said Dan Greenhaus, chief economic strategist at Miller Tabak. "There's little we can do to create jobs until demand returns, and demand isn't returning." Separately, the National Association of Realtors said sales of pre viously occupied homes rose 7.6 percent in August from July, to a seasonally adjusted annual rate of 4.13 million. Still, it was the sec ond-worst month for sales in more than a decade. July was the worst month for sales in 15 years, a factor unchanged by a slightly upward revision. And the Conference Board, a private research group, said its index of leading economic indicators rose modestly in August, more evidence that the economy will keep growing at a slow pace through the fall. Jobless claims typically fall below 400,000 when hiring is robust and the economy is growing. The four-week average of claims, a less volatile measure, declined by 3,250 to 463,250. That's the lowest level since the end of July, but down by only 4,000 since January. Initial claims, while volatile, are considered a real-time snapshot of the job market. The weekly claims figures are considered a measure of the pace of layoffs and an indication of companies' will ingness to hire. New requests for jobless benefits have fallen sharply since June 2009, the month the recession ended. They topped 600,000 at the end of that month. But most of the decline took place last year. Economic growth has slowed considerably in recent months, and many employers are reluctant to add new employees. The econo my grew at a 1.6 percent annual rate in the second quarter, an ane mic pace that isn't fast enough to reduce the jobless rate, now at 9.6 percent. Growth in the current July-September quarter isn't expect ed to be much faster. Initial claims for unemployment aid rise to 465K SIGNOF HOPE: In this Sept. 16, 2010 photo, Cotonnon offers jobs at their store in the downtown shopping district of Santa Monica, Calif. R e e d S a x o n / A P P h o t o

PAGE 16

JOANN LOVIGLIO, Associated Press Writer PATRICK WALTERS, Associated Press Writer PHILADELPHIA Philadelphia took the title Thursday of largest U.S. city with a casino when Pennsylvania's 10th gambling hall opened despite years of community protests and delays. SugarHouse Casino drew a raucous crowd of well over a thousand people to the Delaware River waterfront. They waited in the heat more than an hour, some chanting "Let us in," before the doors opened and they got a chance to play among the 1,600 slot machines and 40 table games. A string band entertained and a Benjamin Franklin lookalike led by a fife-and-drum corps and flanked by two showgirls clad in feathers and sequins presented executives with a ceremonial key to the casino. "SugarHouse is the place to be in Philadelphia," said General Manager Wendy Hamilton. "Our doors are open." Lawmakers and officials, in brief remarks before the opening, praised the creation of some 900 jobs and other economic benefits that came with the project. The casino conducted test runs of the games on Monday and Wednesday, with the pro ceeds going to charity, before the Pennsylvania Gaming Control Board gave it permission to open. The business pushes Philadelphia (population 1.55 million) past Detroit (population 910,000) to become the nation's largest city with casino gambling. Traffic was snarled outside the casino and the parking lot was full as gamblers came by car, by bus and by taxi to try their luck. "I feel it. Today's going to be a good day. I'm going to win something," said Lucinda Clark, 70, as she sat down at a John Wayne-themed slot machine. "This is a beautiful place and it's a good thing for the city." Board Chairman Gregory Fajt said he was excited about finally getting SugarHouse off the ground after all the delays, caused mainly by litigation from community protesters, government agencies and disgruntled bidders. "There was a lot of litigation i n Philadelphia that we did not have in other parts of the s tate," Fajt said. "The public has to understand that these delays were not the result of the developer getting cold feet." The protesters haven't gone away. The grass-roots groupC asino-Free Philadelphia held an opening day protest and p lans more as it tries to hurt business at the facility in the city's Fishtown/Northern Liberties neighborhood. Members gathered outside SugarHouse before the grando pening and unveiled a mural depicting how they think the w aterfront should look without a casino. The mural was drawn by children who live in the neighborhood and included images of gardens and playgrounds. Now that the casino has o pened, the group plans to have volunteers regularly patrol the a rea in search of problems such as alcohol violations or kids being left in cars while their parents gamble in hopes of shutting down SugarHouse, said group spokesman DanH ajdo. The status of a second casino planned for Philadelphia r emains in flux. The Pennsylvania Gaming Control Board's enforcement division is working to revoke the license it issued to Foxwoods, which doesn't have the money to build right now,b oard spokesman Richard McGarvey said. Foxwoods has f aced daily fines since failing to meet a December deadline to provide information about its financing, design and construction. But for now, state officials say they're happy to be mov i ng forward with at least one Philadelphia casino. S o far, casinos have generated $4.3 billion in tax revenue across the state, with about 60 percent of that going to property and wage tax reductions, Fajt said. In Philadelphia, the city will get 4 percent of Sugar-H ouse's gross revenue. "It's going to be a real benef it to the city," he said. C M Y K C M Y K INTERNATIONAL BUSINESS PAGE 8B, FRIDAY, SEPTEMBER 24, 2010 THE TRIBUNE TO DISCUSS STORIES ON THIS PAGE LOG ON TO WWW.TRIBUNE242.COM SPLASHINGTHECASH: People gamble at the newly opened SugarHouse Casino in Philadelphia, Thursday, Sept. 23, 2010. LININGUP: People wait in line for the opening of the Sugar-H ouse Casino in Philadelphia, Thursday, Sept. 23, 2010. The City of Brotherly Love became the largest U.S. city with a casino Thursday whent he SugarHouse Casin o opened its doors after years of community protests and delays. ( A P Photo / Matt Rourke) Philadelphia becomes largest US city with casino M a t t R o u r k e / A P P h o t o INTERNATIONAL BUSINESS

PAGE 17

C M Y K C M Y K FRIDAY, SEPTEMBER 24, 2010 THETRIBUNE SPORTS PAGES 11 & 12 International sports news TO DISCUSS STORIES ON THIS PAGE LOG ON TO WWW.TRIBUNE242.COM Do you know that your favourite teacher can WIN $1000! Forfurtherinformationyoumayemailusat:NDTA@fidelitybahamas.com Nominate them today for the Sir Gerald Cash National Distinguished Teachers Awards!Fill out a nomination form today available at: www.fidelitygroup.com/ndta Winners will receive: $1000 & will be inducted into the NDTA Hall of Fame! Presented by: Nominations close on October 15, 2010t h THE Bahamas Judo Federation (BJF Juvenile Pan Am Championships in Panama on October 2. The team (SEE page 10 was selected based on members meeting certain physical and technical criteria, their p articipation in an intensive summer training camp, and their tournament results in the Bahamas Open in August. The team is preparing by training 20 hours per week under the watchful eyes of BJF coach and president DArcy Rahming. The team consists of 11-year-old Elaina Cuffy of Eastwood Judo, Tajaro H udson, 13, of Western Judo Jujitsu, 11-year-old Artio McPhee of All Star Family Judo and Andrew Munnings, 11, of All Star Family Judo. "I want to bring home the gold," says Andrew, who will be fighting in his first international tournament outside the Bahamas. Rahming said the team has trained very hard for the championships. "The k ids have trained very hard for this," said Rahming. "This will be quite an experience for them. We are not concerned with winning or losing at this stage, just competing well." The BJF has began the development process that is used by other countries for producing Olympic champions. This requires athletes to begin serious training for international competitions by t he age of 11. For further information or to sponsor future athletes, please contact the BJF at 364-6773. Judo Federation sending team to Pan Am Championships D ARCY RAHMING S tern advises A renas to stay mum on gun conviction... S ee page 11 F e l i p M a j o r / T r i b u n e s t a f f F LYIN IN: A Jordan Prince Williams Falcons player slides to get on base yesterday during t he first game of the Bahamas Association of Independent Secondary Schools junior boys softball season. The Falcons came from behind to d efeat the defending champions St Augustines College Big Red Machine at home 15-13. By BRENT STUBBS Senior Sports Reporter b stubbs@tribunemedia.net T he Jordan Prince Williams Falcons rode into St Augustines College Big Red Machine territory and put a dent in the Bahamas Association of Independent Secondary Schools junior boys softball season. In the season opener for both teams yesterday at SAC, the Falcons came from behind to fly past the defending champions Big Red Machine 15-13 in a game that had a whole lot of thrills and spills. It was a game that could have gone either way. We are just glad that we came out with the victory, said Falcons coach Dave Wood as Jordan Prince Williams beat their Catholic archrivals for the first time since he joined the Baptist school three years ago. Tied at 5-5 going into the top of the fourth, the Falcons managed to surge ahead with three unearned runs. But that was short lived as the Big Red Machine rolled back with eight runs on six hits in the bottom of the frame. In that frame, Wood argued with the plate umpire after an out-of-bounds play that should have only allowed the runners to take one base. It ended up with SAC scoring two runs as they went on to take a 13-8 advantage. Refusing to roll over and play dead, Wood gathered his Jordan Prince Williams squad and they took matters in their own hands as they responded in the fifth with seven runs on six hits. In the rally, Rizzano Russell came through with a two-out RBI double and Tray Gilbert Falcons fly over Big Red Machine S S E E E E p p a a g g e e 1 1 0 0

PAGE 18

PLAY ACTION: Jordan Prince Williams Falcons and St Augustines College Big Red Machine players in action yesterday during the first game of the Bahamas Association of Independent Secondary Schools junior boys softball season. The Falcons came from behind to defeat the defending champions SAC at home 15-13. followed with a run-producing double. After Litanique Kemp walked and Rashad Rolle drove in Gilbert with his RBI single, Wood made a key substitution at the plate w hen he brought in Malik Inniss to pinch hit for A shton Munroe. All Inniss did was rip a shot up the middle that enabled both Kemp and Rolle to score. They went on to bat around the clock with Shannon Mark driving in Inniss with the final run as they took a 15-13 lead. In the bottom of the frame, Wood, who had s witched starting pitcher Rashad Rolle with shortstop Rizzano Russell in the fourth, came back with Rolle on the mound. And after taking a brief break, Rolle walked Schamal Forbes, got Kwame Adderley to popup and after Ramon Hart was walked, right fielder Othneil Lightbourne made the catch of the game with his bare left hand to rob SACs TAngelo Cargill of a hit. Rolle then grounded Miguel Bowes grounder and flipped it to Tray Gilbert at first for the final out as the Falcons celebrated. We just dug down deep and after we started to score the runs, we got some timely hits, Wood said. Once we started to hit, I knew that we had a chance to win. It was a big win for us. It was a good win. SAC, who got a big two-run in-the-park home run from Myron Johnson in the first, saw Shannon Johnson go the distance for the loss. Coach John Todd said while it was a disappointing loss, it was not one for them to feel that bad about. Its a young team, but they played well. The guys were a little nervous, Todd said. This is a different team from last year. The guys fell a sleep when we took the lead. We made too many mental errors. But I expect that as the season progresses, we will get better. We are the defending champions and when thep layoffs roll around, we will be right there. This is just a thorn in our side. But we will be okay. It was the second day of the BAISS softball season and the second loss for SAC at home. On opening day Wednesday, the Big Red Machines senior boys lost to the Nassau Christian Academy Saints. Judo highlights C M Y K C M Y K L OCAL SPORTS P AGE 10, FRIDAY, SEPTEMBER 24, 2010 TRIBUNE SPORTS TO DISCUSS STORIES ON THIS PAGE LOG ON TO WWW.TRIBUNE242.COM TEAM BAHAMAS: Shown (l-r B ahamas Judo Federation (BJF off to the Juvenile Pan Am Championships in Panama. SEE story on page 13 Falcons fly over Big Red Machine IN TRAINING: Thirteen-year-old Tajaro Hudson (also left and top left trains for the Juvenile Pan Am Championships set for October 2. P h o t o s b y F e l i p M a j o r / T r i b u n e s t a f f F F R R O O M M p p a a g g e e 1 1 3 3


eT

Pus ‘VN

OF THE DAY itn towin’ it

SOF
TTF

SUNNY,
xv FSTORM

Volume: 106 No.254

HIGH
LOW



én” [Customs
Customs A KS Soli Soe
i ws Hilto

OTC

BAHAMAS EDITION

www.tribune242.com

FRIDAY, SEPTEMBER 24, 2010

The Tribune

THE PEOPLE’S PAPER — BIGGEST AND BEST



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



ulraye over ne
lowniown shooting

Concerns raised after
man dies in hospital

By AVA TURNQUEST
Tribune Staff Reporter
aturnquest@tribunemedia.net

TOURISTS, vendors and
other locals on Bay Street stood
in shock after a patrol officer
shot and killed a man police
claim had been armed with a
boxcutter.

Meanwhile, outraged eyewit-
nesses claim the shooting was
unwarranted.

Concerns were also raised at
the scene about the timeliness of
emergency medical services that
took the injured man to hospital
where he was pronounced dead.

According to the police report

by Assistant Commissioner of
Police Glenn Miller, the incident
began when a female officer saw
a man hanging around in the
area of the Colony Place building
on Bay Street.

Unsatisfied with the man’s
reasoning for being there, the
officer reportedly asked him to
leave the area. As he was leaving,
police report, the man and the
officer had a verbal exchange
that continued as he was crossing
the street into the George Street
area.

Mr Miller explained it was at
that time that a male police offi-

SEE page nine

Families ‘denied right to know
how serial killer’s victims died’

By MEGAN REYNOLDS
Tribune Staff Reporter
mreynolds@tribunemedia.net

THE families of four young victims of a serial killer have been
denied the right to know how their loved ones died, it was claimed
last night.

Criticism soon followed as sadistic Cordell Farrington pleaded
not guilty to murder but guilty to manslaughter in the Supreme
Court yesterday.

As his pleas in relation to the murders of Mackinson Colas, 12,
Junior Reme, 11, Deangelo McKenzie, 13, and Desmond Rolle, 14,
were accepted by Crown Prosecutor Neil Braithwaite, it stung
the hearts of those whose children’s lives were violently taken

SEE page eight

eS ee ee



rh

“Hh Ea ws nen

Sh es =e
wee

SMOKE CLOUDS: The former Princess Tower Hotel.

A CLOUD of black
smoke could be seen bil-
lowing from several floors
of the former Princess
Tower Hotel on Thursday
as firemen fought for
hours to extinguish flames
at the 900-room resort
property.

Several fire units were
dispatched to the aban-
doned building shortly
after 1pm, including fire-
men from the Grand
Bahama International
Airport.

ASP Hector Delva

reported that flames were
confined to the fourth,
fifth, sixth, and seventh
floors on the northern sec-
tion of the tower.

No one was hurt.

The cause of the fire
is not known and police
are investigating the
matter.

The Royal Oasis Resort
closed in 2004 after sus-
taining severe hurricane
damage.

The property was
acquired two years ago by
the Harcourt Group.



Photo/Dave Mackey





Five cases of
dengue fever,
20 suspected

HEALTH officials are warning
the public to avoid being bitten by
mosquitos as there have been five
confirmed cases of dengue fever in
the Bahamas and another 20 sus-
pected cases.

In a statement issued yesterday,
the Department of Public Health
urged persons to wear protective
clothing and apply insect repellent to
exposed areas; use safe household
insecticides indoors; maintain the
integrity of window and door
screens; and remove all possible sites
where mosquitos can breed in stand-
ing water. These include old tyres,
flower vases, planters and garbage

SEE page nine

Photo/Malcolm Davis

LATEST HOMICIDE PROMPTS CONCERNS
OVER LIQUOR STORES AND BARS

By AVA TURNQUEST
Tribune Staff Reporter

aturnquest@tribunemedia.net

FED UP with the “sense-
less crime” that they feel has
permeated communities
across the capital, pastors,
business owners and con-
cerned residents met at the

largely due to the volume and
proximity of liquor stores and
bars in residential areas.

The area was reported by
the community leaders to
have at least 15 bars, but not
one community centre or
park.

Bishop Simeon Hall said:
“Somebody should take

scene of the latest homicide

to call attention to the deteri-

oration of social values.
Deterioration they feel is

WARNING FOR PARENTS AFTER POPULAR
BRAND OF BABY FORMULA RECALLED

By ALISON LOWE
Tribune Staff Reporter
alowe@tribunemedia.net

responsibility for these liquor
outlets. We need community

SEE page nine

PARENTS are being warned that millions of cans of a popular
brand of baby formula have been recalled over fears they may con-
tain small beetles or larvae that will irritate babies’ digestive tract.

Nassau Agencies Ltd, the sole distributor for Similac baby prod-
ucts in The Bahamas, yesterday notified City Market, Super Val-
ue, Lowe’s Pharmacy and the dozens of other foodstores and
pharmacies it supplies with Similac goods that they should

SEE page nine

ntague

MOTORS LTD.



NASSAUSVAND BAHAVIACISTEANDS] DEADING NEWSPAPER
PAGE 2, FRIDAY, SEPTEMBER 24, 2010

THE TRIBUNE



LOCAL NEWS

FNM accuses PLP of seeking to
‘score political brownie points’

The FNM has accused the PLP of
seeking to “score political brownie
points” by opposing government
plans to allow 200 Chinese workers
come to New Providence to help
build a new highway.

Carl Bethel, FNM chairman, sug-
gested that in opposing in parliament
a resolution secking approval to get
almost $60 million in funding from
China for the “airport gateway pro-
ject” and the 200 Chinese workers
that would come with it, the PLP is

a clear eye to the next general elec-
tion.”

“The PLP are not worried about
the high level of debt or the Chinese
loan, they are worried about one
thing alone: putting themselves in
best position to fight the next elec-
tion. In the process they are forget-
ting their own record and praying to
God that the Bahamian people will
forget their own track record. It is
the essence of political hypocrisy,”
claimed Mr Bethel.

tracts which allowed for numerous
foreign workers to enter the coun-
try — such as the National Stadium
being built by the Chinese which
does not have a Bahamian labour
component at present, or the TG
Glover school which was partly built
by Chinese workers employed by a
private Bahamian contractor and
paid for with public funds.
Meanwhile, in relation to the road
project — which will see 6.2 miles of
John F Kennedy Drive “dualised”

transportation between the airport
and downtown — the PLP is seeing
“the doughnut rather than the hole.”

“In our view the PLP are looking
at one element and don’t see the oth-
er element, where any number of
Bahamian companies will be hired
for landscaping, roadworks, trans-
portation of materials, bulldozing,
grading, clearing, surfacing ... there
are millions and millions in this con-
tract that will go directly to Bahami-
an contractors or Bahamian subcon-

engaged in “political pandering, with

TRS ETH ts

SAVE anti-crime rally




URGING students to keep
violence out of their schools
this year, Minister of Nation-
al Security Tommy Turn-
quest yesterday appealed to
the participants of the Third
Annual Students Against
Violence Everywhere
(SAVE) back-to-school anti-
crime rally to live according
to the event’s motto — “to
stop, think, act.”

Mr Turnquest’s appeal
comes just as New Provi-
dence has experienced sev-
eral eruptions of violence
amongst school children,
some resulting in students
being stabbed and one inci-
dent where a 13-year-old boy
was shot in the head.

The minister said that if
students stop and think
before they act, they will ulti-
mately help to “take the
spotlight off that very small
number of young people,
particularly young men, who
kill without regard for human
life, who rob and steal using
illegal guns, who break into

people’s homes and steal
their cars, who traffic in
drugs and abuse drugs, and
who end up before our courts
and in our prisons.”

Mr Turnquest told the hun-
dreds of students gathered at
the Church of God Audito-
rium on Joe Farrington Road
that the rally is a significant
event for the Ministry of
National Security and Her
Majesty’s Prison, and it is
held early in the new school
year for a particular reason.

“As you begin your studies
each year, we want to ask
you, our young people, to
make a commitment to do
your part to keep violence
out of our schools, off our
streets, and out of our com-
munities, and for you to
encourage your friends to do
the same,” he said.

The minister said that this
year’s rally theme should
guide students and point
them in the right direction.

“This year’s theme presses
you to ‘stop, think, act’. I

He said the PLP also signed con-

into a four lane carriageway easing

tractors,” he said.

NURS

APPEAL: Minister of National Security Tommy Turnquest speaks to participants of the Third Annual Stu-
dents Against Violence Everywhere (SAVE) back-to-school anti-crime rally. He encouraged them to live
according to the event’s motto — “to stop, think, act.”

want all of you to memorise
this theme. Say it, silently or
out loud, when you find
yourself in arguments, or in
situations of confusion and
conflict; say it when you

Bahamasair & Sister Sister
Breast Cancer Support Group

Bayfront Park,
October 146th, 2010

PNiatclicm Air, Car FANlame@rls

!

ee \5th Annual
@ susanc.komen

face
-“CUre.

-

ei & Hotel

a perl |

"Tages Incluced

iami

Package

ae ale tt

Dove letaer

Present this Ad and Bahamasair will donate $10 to
The Bahamas Sister. Sister Breast Cancer Support Group.

bahamas

We doc’ put ty here. Wee lve here

FOR THE CURES

DOMEM Ad RATHON

HEAN G.

“Pockoges Available Only at Bahomasair, Ticket toes included, based on dowhhe occupancy



become angry and short of
patience.

“If you stop and think
before you act, you would
be less likely to act in a way
that will harm or disadvan-
tage you or others, or that
may jeopardise your future.
“You will remain focused
on preventing crime and
promoting safety, and on
avoiding wrong-doing, crime

and criminality,” he told the
students.

“If you stop and think
before you act, you will
know when opportunities
come along for you to make
a positive difference in your
school and in your commu-
nity, and to be a true and
trusted friend or role model
to your schoolmates and
others.”

Workers allowed
to go home after
air conditioning
problems

By ALISON LOWE
Tribune Staff Reporter
alowe@tribunemedia.net

A GROUP of Environ-
mental Health Services
workers were told they
could go home yesterday
after complaints that tem-
peratures in their office
sky-rocketed due to a bro-
ken air conditioning sys-
tem.

Director of the Depart-
ment, Melanie McKenzie,
said that “10 to 15”
employees were allowed to
leave in the mid-afternoon.
A worker pegged the fig-
ure closer to 30.

In response to claims
that the problem was a
long-standing one for
employees, Ms McKenzie
said that management at
the department’s office on
Farrington Road, opposite
PLP headquarters, have
experienced problems get-
ting the malfunctioning air
conditioner repaired.

“Tm as perplexed as
everyone else as to why it
can’t get done,” she said.

She said workers are
never forced to work in
“unbearable” conditions
and employees were
allowed to “go home early
so that they weren’t
uncomfortable.”

An employee who spoke
with The Tribune on con-
dition of anonymity said
that conditions in the office
were “very hot.”

“You can’t work if it’s
hot. You can’t focus, con-
centrate, write documents,
do the necessary appropri-

ate research ... the envi-
ronment is not conducive
to working.”

“It’s been like this on
and off for two years,” he
claimed.

The employee added
that yesterday was not the
first time that workers
requested and were told
they could leave the office
due to the stifling heat.

“Whenever the com-
plaints get too much, it can
happen,” he said.

Govt to hold town meeting to
discuss the Land Adjudication Bill

THE government of the Bahamas will hold a town meeting on Tuesday, September 28,
2010 in the Windsor Room of the British Colonial Hilton at 7pm to discuss the Land

Adjudication Bill 2010.

The Minister of State for Lands and Local Government Byran Woodside will host the

meeting.

The Land Adjudication Bill 2010 provides for systematic adjudication of title to certain
lands within the Bahamas, the demarcation of boundaries and matters connected therewith.
The ministry said it encourages the public to take advantage of the opportunity to par-
ticipate in creating a legal framework for ownership and registration of land in the Bahamas,
including but not limited to generational land. A copy of the Land Adjudication Bill is avail-
able on the government’s website at www.bahamas.gov.bs under Bills, Laws and Act or

"What’s New’.

EVERY PURCHASE |S A
CHANCE TO WIN

& ENTER TO WIN ADDITIONAL PRIZES WNassall



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


THE TRIBUNE

FRIDAY, SEPTEMBER 24, 2010, PAGE 3



LOCAL NEWS



Appeal for lobhy
against dredging,
excavation and
development
at Bell Island

By MEGAN REYNOLDS
Tribune Staff Reporter
mreynolds@tribunemedia.net

CONSERVATIONISTS are
calling for Bahamians to lobby
against dredging, excavation
and development of Bell Island
in the Exuma Cays Land and
Sea Park as plans submitted by
owner the Aga Khan are con-
sidered by government.

But former Exuma councillor
Henry Rolle argues the devel-
opment should go ahead as it
could benefit employment-
starved residents of nearby
Black Point.

The controversial plans to
dredge 8.8 acres of sea bed for
two channels into an existing
barge landing and a 20-slip
yacht basin to be carved out of
an existing salt pond came to
light after Environment Minis-
ter Earl Deveaux admitted he
accepted a free ride in landown-
er Prince Karim Aga Khan IV’s
luxury helicopter to attend a
film screening in Abaco the day
before he went on to Bell
Island to do a land assessment.

Conservationists outraged by
the plans have cried shame on
the Bahamas National Trust
(BNT) as wardens of the
world’s oldest national park
and 176 square mile no-take
marine reserve for not stand-
ing in the way of development
on the 349-acre private island.

ReEarth founder Sam Dun-
combe said: “The Trust really
needs to be called out on this
one because this is such a fla-
grant disregard of what their
mandate is.

“Everyone in the Bahamas
is a member of the National
Trust and has a right to call the
BNT and basically tell them no
developing in the park.

“Tf we can’t protect the old-
est marine park in the world
what hope do we have for the
rest of the country?

“It’s a sad day in the
Bahamas when we have to pro-
tect the environment from it’s
so-called protectors. That’s a
really sad day.”

But the BNT maintains it has
no power over the development
of private islands in the park
by private landowners who are
known to make generous dona-
tions to the charity, meaning
the alleged $1 million donation
to the BNT from the Aga Khan
would not stray from the norm.

And development and
dredging has previously been
done at privately-owned islands
in the park such as Soldier Cay,
Cistern Cay, Halls Pond Cay
and Bell Island, which is pri-
vate property under the law
and not that of the Land and
Sea Park.

The multi-millionaire and bil-
lionaire owners of the islands
also provide an important
source of public revenue and
provide spin-off benefits for
nearby communities in Black
Point, Staniel Cay and Farm-
ers Cay, the BNT maintains.

Former Exuma chief coun-
cillor Henry Rolle, of Black
Point on Great Guana Cay 17
miles southeast of Bell Island,
said in the case of the latest
development at the 349-acre
island where building, excava-
tion and dredging had previ-
ously been done, the benefits
of development will outweigh
the environmental concerns.

“People in Exuma need
jobs,” Mr Rolle said.

“Black Point has one of the
largest populations and they
look forward to these opportu-
nities. Investors benefit the
whole community, and the spin-
off in reference to Bell island
could be good for them.

“My interest is to give the
people an opportunity, to give
the investors an opportunity,
so my people can have an
employment opportunity dur-
ing these tough times. If Bell
Island was the only area in the
park that was dredging and
excavating a marina I would
say ‘lets get them’ — but it’s
not.”

Rae
Nassau after stabbing

A 66-year-old man was air-
lifted to Nassau after he was
stabbed multiple times in an
altercation on Andros.

Police were first informed of
a stabbing at Cargill Creek,
Andros, at around 8.45pm on
Tuesday. According to reports,
the 66-year-old man was
stabbed after he and another
man got into a brawl.

The victim was taken to the
local clinic and later airlifted to
a hospital in New Providence.
Police are questioning a 15-
year-old boy of Cargill Creek in
connection with this incident.
Investigations continue.








Ministers pledge help to families |
of nine detained straw vendors

THE MINISTERS of Education, and
Labour and Social Development pledged
their assistance yesterday to the families
of the nine straw vendors currently being

held in the United States.

In a joint statement issued to the media
yesterday, Education Minister Desmond
Bannister and Labour Minister Dion
Foulkes said that their respective ministries
are in the process of providing help to the
families of the straw vendors here at home.

“The Ministry of Education will offer



Desmond
Bannister

support and counselling to the children of

straw vendors in the school system. The
Ministry will continue to monitor their well-
being during this difficult time for these

children and families.

“Senior officers from the Ministry of
Labour and Social Development are in the



process of visiting the families of the ven-
dors to see what assistance it may provide.
As the ministry is able to offer various
types and levels of assistance, it is deter-
mining what assistance may be needed by
the respective families,” the joint state-

Dion
Foulkes

ment read. Claiming that the PLP is “obvi- }
ously” more concerned about using the cir-
cumstances surrounding the arrest of nine }
straw vendors in the United States for polit- }
ical purposes, the ministers said that }
Bahamians in general are concerned about }
what appropriate assistance is being pro- }
vided to the vendors and their families. i

“The Ministry of Foreign Affairs through }
the Consulate General’s Office in New }
York continues to monitor the situation }
and provide various levels of assistance to }

the vendors.

“We urge others to be considerate and }
offer prayerful support to the families of the | lodged before the agency can
vendors.

“Our ministries will continue to work } . i
together to assist these Bahamian families } advised that there is a counter-

in need,” the statement read.

Call for clampdown on illegal soods before new market opens

ONE stakeholder in the
redevelopment of Bay Street
wants the sale of illegal goods in
the straw market wiped out
before vendors move into the
$12 million straw market, which
is still under construction.

Managing Director of the
Downtown Nassau Partnership
Vaughn Roberts said the crafts
and goods offered should
reflect the creativity and spirit
of the Bahamian people.

"The incident in New York
puts emphasis on the point that
we have a public market that
permits the sale of illegal mer-
chandise and there is a funda-
mental problem with that. In
New York, in Canal Street,
where the vendors allegedly
bought the counterfeit goods,
that's sold on private property —
not in a public market place."

In spite of the group's arrest,
straw vendors were still ped-
dling counterfeit goods when
The Tribune visited the mar-
ket on Wednesday.



















































FOR 3 IN 1 LAWN SERVICE
gnaw rae
Pease aT)
Tropical Exterminators
gee-210/







WORK IN PROGRESS: Construction continues on the new Bay Street straw market.

They claim the knock-off
purses and wallets, bearing the
logos of top designer brands
like Gucci, Fendi and Louis
Vuitton, provide the bulk of
their income.

Some vendors argue that if
they are forced to remove these
items from their stalls, they will
not be able to make ends meet.

Mr Roberts likened this
argument to the sale of illicit
drugs which allow drug dealers
to make a good living while
breaking the law.

"It's the same as saying we

reas ti

er

FAIS Ea Ohne

The Mall-at-Warathon
RLY OFFICE OPENS AT DO) AM DAILY

Sa Ser ee
eS

ee ee
LEGEND or THe cuarcansao NEW] 18 [8 | WA | #18 | Hae] Toso

fvouacan EW] 0 Jas | wa | so | 20] sos
werown [v0 | ano] wa [ao | oo [0s

on
ci Be UE ia I cis | 020 | 130]












ra 6 -

GE YOUR E-OAA The
WALLSTREET NEW | STREET






rma |

on [on | wa | 0 |
arena fe a eal
aero [ise [ome [wa | wn | vai] a
cm oueanaD A [nae [005 [WA | m0] wa | wn |

fexorenarmus T [wa [un [wa | wn [emo] we

oem itt [a | ets | | toe
wes [ew [aos [on [ ow] cos] we)

ait we

ey








can continue to allow people
to sell illegal drugs in the mar-
ket.

Products

“To suggest that we can't
come up with a new range of
products that fits the price point
of the cruise passengers is to
say we have no ingenuity as a
people."

The group admitted to trav-
elling to New York to buy fake
luxury goods after they were
arrested at JFK airport on Sat-

urday checking 31 bags packed

flight bound for Nassau.
They were charged in a New

commercial advantage or finan-
cial gain after a six-month

ment of Homeland Security
and Immigration and Customs
Enforcement (ICE).

b\

| Expected 2011 Customs
Act overhaul ‘will
aldress deficiencies’

By TANEKA THOMPSON
? Tribune Staff Reporter
: tthompson@tribunemedia.net

THERE are no laws in place

? empowering Customs officers

to seize suspected counterfeit
goods as they are being import-
ed through legal channels, Cus-
toms Comptroller Glenn
Gomez said.

Mr Gomez said the Copy-
right Act gives a person that
has patented or copyrighted a

? product recourse if someone is

importing a product that

? infringes on that copyright.

However, a complaint must be

? act.

"We would need to be

: feit product or a product that
? seeks to duplicate an authentic
? product but the manufacturer
: isn't getting the benefit of the
? distribution of the items," Mr
: Gomez explained.

"Once advised, then we

? would act on it. But other than
? that, if you brought in some-
: thing that had a label on it that
i said Gucci or Tommy (Hilfiger)
? we might look at it and say
: 'This looks like a cheap prod-
? uct’. All we can do is seek to
: ascertain the actual value and
? collect the duty.

"If they have a legitimate

? invoice and we are satisfied that
: the value is consistent with the
: product, we assess the duty and
: they are good to go".

He conceded that the coun-

? try's laws are "a bit behind" in
? that regard but said a complete
? overhaul of the Customs Act is
? expected in mid-2011, a move
? that will address the present
? deficiencies.

"Once we start (operating

under) the EPA, one of those

with fake designer goods on a } conditions is every country that

? is signed onto that is duty-
We ? bound to protect the interests
York district court on Monday { of the trading partners. If we
with conspiracy to defraud the ;
US Criminal Code by way of } in knocks-offs and we are given
trafficking counterfeit goods for } (names of) certain brands we
? would be looking for those and
C ain alte [ ? would have to stop them".

investigation into the import }
and export of counterfeit luxu- | a week after nine Bahamian
ty goods led by the US Depart- } straw vendors were arrested in
: the US after allegedly trying to
? bring "knock-off" handbags

: into the Bahamas.

are advised that there is a trade

His comments came nearly

BAHAMAS

FINANCIAL

SERVICES BOARD

Business Opportunities
in Financial Services

Join us at one of three (3)
Strategy & Business
Case Studies Workshops

>>> Monday, September 27 — 1:00 p.m. (light lunch)

>>> Tuesday, September 28 — 9:00 a.m. (continental breakfast)

>>> Tuesday, September, 28 — 1:00 p.m. (light lunch)

Venue: British Colonial Hilton Hotel

BFSB will present the completed business

model research showcasing potential business

opportunities within the financial services sector of

The Bahamas. The Interim Report on the Research

Project was presented at the July 7 Workshop.

Industry feedback from that forum highlighted the

importance of strategy development for the sector,

and the value to stakeholders:

“Excellent &
Informative Forum”

“The research really
identified practical
ideas and solutions”

“We can’t wait for
the final Report”

Contact BFSB at: info@bfsb-bahamas.com Tel: 326-7001



TO DISCUSS STORIES ON THIS PAGE LOG ON TO WWW.TRIBUNE242.COM
PAGE 4, FRIDAY, SEPTEMBER 24, 2010

THE TRIBUNE





EDITORIAL/LETTERS TO THE EDITOR

Foreigners
have hijacked
straw market

The Tribune Limited

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

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

SIR ETIENNE DUPUCH, Kt, O.B.E., K.M., K.C.S.G.,
(Hon.) LL.D., D.Litt.

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

EILEEN DUPUCH CARRON, C.M.G., M.S., B.A., LL.B.
Publisher/Editor 1972-

Published Daily Monday to Saturday

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

TELEPHONES
Switchboard (News, Circulation and Advertising) 322-1986
Advertising Manager - (242) 502-2352

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

Brent Symonette’s advice should be heeded

IT seems the PLP will say anything for a
headline or to give the impression that they
are awake and on top of all situations.

The latest is their accusation that Foreign
Affairs Minister Brent Symonette, instead
of throwing the full weight of his ministry
behind the nine Bahamian straw vendors
arrested in New York on charges of traffick-
ing counterfeit goods, indulged in a finger-
wagging lecture.

On learning of the arrests, Mr Symonette
gave very sound advice to the market vendors
in Nassau, whose stalls are still festooned

punishment than he would have received
here.

The PLP also seem to resent the fact that
the Americans conducted a surveillance oper-
ation in the Bahamas without informing the
Bahamas government.

And what if they had informed the
Bahamas government, would arrests have
been made here by our own Bahamian
police? After all the Americans had obvi-
ously given so many warnings about which
the Bahamas seemed to do little, that they
eventually concluded that Bahamian police

EDITOR, The Tribune.

I hate to say I told you so
but I wrote a letter to the edi-
tor more than a year ago
about the temporary straw
market that has been reduced
to a low class “flea market”.
But the reasoning by the ven-
dors caused the police and the
government from applying
the pressure to discontinue
their illegal acts. We know
that they were purchasing ille-
gal merchandise and we
ignored it. There are many
other illegal piracy practices
that we know will cause us a
problem, but I guess we will
wait for the international
police to point it out to us
first. The US is coming and
modern day pirates will be
caught. Copyrights must and
should be respected, period.

The former president of the
police staff association was on
television expressing his con-
cerns about the activity in the
straw market. The sight at the
market these days is insulting

with fake designer goods by Gucci, Prada,
Dolce, Gabana and many others.

“As a result of these charges,” said Mr
Symonette, “I highly recommend that
Bahamians be guided accordingly.” In other
words, clean up your act, or you will be next.

Although sound advice, it was not a wel-
come response to many of the vendors whose
attitude seems to be that government should
find some way for them to continue their
illicit trade. To do otherwise, according to
some, would mean financial collapse for them
and the country.

Mr Symonette’s advice does not mean
that his ministry will not make certain that
those accused have proper legal representa-
tion. The PLP, of course, would like to make
the public believe otherwise.

As Mr Symonette told those in Nassau,
the charges against their colleagues are seri-
ous and carry heavy penalties. It’s not as if
they threw chewing gum on the sidewalk, he
said. Of course, in Singapore this too is a
grievous offence. A few years ago, Americans
made a lot of noise and went through diplo-
matic channels to try to prevent a young
American tourist from being publicly caned
for spitting chewing gum on that city’s side-
walk. Americans felt the punishment was
too severe for such a minor offence. Howev-
er, in Singapore such anti-social behaviour is
not to be tolerated in civilised society. And so
the teenager duly got his caning, and possibly
never put a stick of chewing gum in his mouth
again.

Here in Nassau two Ministers — Educa-
tion and Labour — have pledged to help the
families of the vendors who are being held in
the US.

There is not much more that can be done
for them. The Bahamas cannot interfere with
the US judicial system. The law will now
have to take its course. Although, the PLP
are trying to equate this situation with that of
the “Barefoot Bandit” and ask that reci-
procity be applied in the vendors’ case, there
is no comparison between the cases. The
Americans did the Bahamas a great favour by

officers must have been “complicit” in what
was — and still is — going on in the straw
market. If there had been more cooperation
here, the New York operation would proba-
bly have never taken place.

How much more of a warning did many
Bahamians need that the noose was tighten-
ing on their illicit business? In December
2006, a vast number of counterfeit items were
seized in a joint Customs/police raid on a
warehouse in East Street south. The owner
pleaded that he did not know the goods were
counterfeit. However, after such a large raid,
no Bahamian could in future plead ignorance
of the problem.

In October 2008 the US Embassy even
sponsored a workshop to help the Bahamas
develop strategies to combat piracy of intel-
lectual property in the Bahamas.

“The transit of counterfeit drugs, car and
airplane parts through the Bahamas coupled
with the lack of enforcement of copyright
laws is a major concern and officials said the
workshop is critical in raising awareness
about the country’s piracy problem,” The
Tribune reported on October 8, 2008.

And then came the salvo at the beginning
of this year when Americans let it be know
that they were not satisfied that Bahamians
were doing their best to get piracy under
control.

The US Trade Representative’s office
wrote in its report on the matter:

“However, enforcement is lax and anec-
dotal evidence suggests that the police are
complicit in the buying and selling of pirated
movies, songs and fabricated high-end purs-
es to residents and tourists.” Although there
was no supporting evidence to implicate the
police, it was obvious that the Americans
had had enough, and, as in the drug days,
they were going to take no one in the
Bahamas into their confidence when they
decided to throw out their net.

Rather than kicking against the goad, it’s
time for Bahamians to wake up, and instead
of listening to the PLP’s soft talk, take Mr
Symonette’s sound advice and, as a result of

main operators.

in it.

EDITOR, The Tribune.

me down!

to say the least. Jamaicans
and Haitians, who do give a
hoot how we feel and have
any allegiance to the
Bahamas, are some of the

Foreigners have highjacked
the market and few Bahami-
ans are operating there now.
The straw has been absent
because the foreigners either
do not know how to make
them or do not see the value

Sometime ago there was a
raid on an over the hill busi-
ness that sold knock-off items,
but the police relaxed their

Has the PLP paid its bill to ZNS yet?

I find it amusing that Dr
Nottage and Obie Wilch-
combe had so much to say
concerning the “rightsizing”
of ZNS when we all know
that ZNS, like many other
government entities, is gross-
ly overstaffed. They agree
with the “Rightsizing” but the
timing is wrong. Well blow

They know that it has to be
done but just happy that they
don’t have to be the ones to
do it. So off they go trying to
score political points. Succes-
sive governments are to be
blamed for the blatant abuse
of ZNS. Clearly, this burden
and strain on the public purse
cannot and must not be

LETTERS

letters@triounemedia.net



position and the business was
allowed to operate and the
vendors were allow to pur-
chase and sell the items in
“our” Bahamian Straw Mar-
Ket.

Now the worst case sce-
nario has become a reality.
The US Customs has had
enough and is now making
the statement that the
Bahamian police should have
made a long time ago. This
must be embarrassing to put it
mildly, because we made an
attempt to clean this up
before and reneged.

Now the Bahamian police
should save face and appear
to be operating by the law and
discourage the selling of ille-
gal items in the Bahamas. We
are embarrassed that our
country is exposed to the
international community for
something negative again.
This shows that there must be
a market for the knock off
here. The police know who
they are and no arrests are
made here.

The new straw market
belongs to all Bahamians and
we will have to pay for it. So
we the tenants of the straw
market should not allow any-
thing that is not made in the
Bahamas to be sold in the
market. There should be a
scrutinising like no other for
the vendors. After they are
selected then there should be

it comes to making decisions
the PLP always try to find a
way out.

When Mr Christie was
asked his views on the Gam-
bling issue, he didn’t have
one, when he was asked what
he would have done with the
Haitians following the earth-
quake in Haiti, his response,
he would have to see all of
the facts first. Always waiting
to see how the winds blow,

a policing of the market on a
regular basis and confiscation
of all items that are not made
here.

It is time that we stop medi-
ocrity. We are too damn
slack, too lazy and too fool.
We have allowed other
nationalities to infiltrate our
national land marks and
assisted them in destroying
our culture, how stupid can
we get, just for a few dollars.

When I visited the market
the other day I heard raw
Jamaican accent, I heard
Haitians who could barely
speak English, but they feel
like they are immune because
they are probably there with
the blessing of some used to
be politician. We must clean
this up now. Taxi drivers are
even some hotel personnel
promoting the “Knock off
market.” How unpatriotic?

The incident in New York
must have opened our eyes,
and right after we get over
being embarrassed again, we
must clean up the market
before the international com-
munity comes here and
embarrasses us on our own
turf. Remember I told you so
before, I am telling you again.
Act now!

I fear Jesus Christ only and
no one can intimidate me any-
more, regardless of who they
are. I expect some jelly-back
to respond, especially some-
one who is profiting from
these practices.

IVOINE W INGRAHAM
Nassau,
September 21, 2010.

looking for political mileage.

I was wondering whether
or not the PLP has paid their
bill to ZNS as yet. I, like many
other Bahamians, would like
to know. The hypocrisy must
stop. No wonder ZNS is in
the “red”.

TIRED OF THE
HYPOCRISY
Nassau,

September 20, 2010.




TTA ET MOM Tee) Tg






EDITOR, The Tribune.

Tam sick and tired of seeing letters from Mr Paul Kokoski reg-



ularly published in this newspaper.
While I don’t agree with Mr Kokoski’s misogynistic, bigoted




statements, his personal views are not where my problem lies.
The ability to express your views, no matter what they are, in a
free press is an essential right that we’re fortunate enough to
have.

Mr Kokoski has never, to my knowledge, mentioned The
Bahamas or written a letter regarding the very real problems we
have in this country. I get the impression he spends much of his
time writing letters and blasting them out to newspapers across
the world, with little regard as to where they end up.

If Mr Kokoski wrote a letter concerning The Bahamas I
would have no problem seeing his name in print. Until that
time, can we instead give space in the press to Bahamians who
have something to say?

allowed to continue.
As with everything, when

taking the “Bandit” off our hands and throw-
ing him into their own jail to face a stiffer ly.

the New York events, “be guided according-

”






#P Don Stainton (Protection) Ltd.

SERVING THE BAHAMAS SINCE 1978
HILLSIDE PLAZA, THOMPSON BOULEVARD
FREE ESTIMATES 322-8160/322-8219

HURRICANE cleabaalaca

Aluminum rolling shutters are custom-fitted
and available in a choice of colours. They
provide security and hurricane protection.
Easily operated by hand crank or electric
motor, Roll shutters add beauty, security and
convenience to any home.

© We guarantee motors for 5 years, material
and labour for two years and respond to
service calls within 48 hours, usually on the
same day.

ASH HENDERSON
Nassau,
September 17, 2010.

Buy Complete Bed Set

(Matress, Box Spring & Frama)

Get 10% OFF and a FREE Pillow



eee Re eR sy

The look of colonial wooden shutters, but with
the strength and maintenance - free qualities of
aluminum. Add a finishing architectural touch to
your home with these functional yet decorative
shutters. Provides protection against storms,
sun and vandals,

Service Station is looking for a
Parts/Service Manager.
Family Island
(Marsh Harbour,Abaco)

Experience with parts and service
Computer literate
Good writing capabilities
Salary depends on experience.
Male or female can apply.
Age 25 and older

¢ ALUMINUM ACCORDION SHUTTERS
Light enough to slide easily, yet strong enough to

withstand severe storm conditions. Heavy-duty
key lock mechanisms for secure fastening.



Se Ue aL ery

Economical and convenient, these easy-to-use
awnings are permanently installed and close
quickly for storm protection. They give everyday
protection from heat and rain, and help prevent
fading of carpets and drapes.

Buy A Bed Set (mattress & box spring)
GET 10% OFF
10% OFF ON APPLIANCES

(Washers, Fridges, Stowe)

¢ CLIP-LOCK ALUMINUM STORM PANELS

The most cost-effective protection available.
Lightweight, easy to store and to use. We give you
10% extra spring steel clips and use closed-end
headers to prevent the panels "creeping".

Email resume and cover letter to:
South Beach qsa@coralwave.com

322-6528

Bahama Avenue
429-4153

Prince Charlas
324-6413

CHOOSING HURRICANE SHUTTERS

This guide offers a look at the benefits of five varieties of Hurricane Shutters
PAGE 6, FRIDAY, SEPTEMBER 24, 2010

THE TRIBUNE





Straw Market has become
a ghastly, national blemish
YOUNG MAN’S VIEW

By ADRIAN GIBSON
ajbahama@hotmail.com

ALTHOUGH our culture is
what makes us Bahamian, our
creativity is buried by our
knack to copy everything that’s
foreign, as we have little or no
appreciation or recognition for
what we have already created —
our architecture, our relation
to the sea, our music, our
dances, the truly Bahamian
form of junkanoo, our straw
and craft/art works, etcetera.
Since independence, we have
grossly neglected our culture!

Nassau’s flea market—I
mean straw market—has
become a ghastly, national
blemish that has irrefutably
become a liability to our coun-
try’s tourism industry.

ADRIAN

Our declining tourist num-
bers indicate that the Bahamas’
tourism product is mediocre
and significantly falling behind.
The internationally promoted
straw/flea market is also weak-
ening our tourism product, as it
has become nothing more than
a filthy, condemned structure
where illegal aliens profit and
counterfeit merchandise is sold
unabatedly.

A search of the Webster’s
dictionary describes straw as a

The Shoe Village

Assistant Manager

« Bahamian 25 years or older
+ Minimum 5 years experience in the retail industry
¢ Strong communication skills
« Good motivator for achieving goals
« Salary commensurate with experience
ALL APPLICATIONS RECETVED WILL BE IN CONFIDENCE
Please take your completed applications
to our head office or
email to hr@grsbah.net
or fax to 326-0570

alee mec GOTT ite ma EL
aOR Ey

PUR aA 8]

AnyWareâ„¢ Plus silverware basket
CMON) Coe Of BOTTA
ete iG LC emer tS

ayes



GIBSON



“single coarse dry stem (as of
grass),” which is far removed
from any description that would
apply to the counterfeit items
found at Nassau’s so-called
“straw market.”

The recent arrests and
arraignment of nine straw ven-
dors in New York resulted in
charges of conspiracy to
defraud the United States in
violation of section 2320 of Title
18 of the United States Crimi-
nal Code—1.e. trafficking in
counterfeit goods and services.
According to this daily, it is
alleged that the charges came
following a six-month investi-
gation into the import and
export of counterfeit luxury
goods conducted by the United
States Department of Home-
land Security and Immigration
and Customs Enforcement
(ICE), during which "certain
individuals from The Bahamas
who were involved in the traf-
ficking of such counterfeit
goods between New York City
and Nassau, Bahamas, were
identified.”

While one woman is cur-
rently on bail, if convicted, the
women could face a prison sen-
tence of three or more years.

Frankly, I would be lying if
I said that I was remotely sad or
sympathetic. Undoubtedly,
these individuals must have
known that their alleged actions
were against the law and there-
by could result in their prose-
cution.

The alleged purchase of
counterfeit designer goods for
resale at the straw market was
knuckleheaded and ill-informed
as US authorities enforce copy-
right laws—that some Bahami-
ans conveniently ignore—with-

SUM ge lee me

er Par late
Were ee

Two 15,000 BTU Powerâ„¢ burners
ates Mae Mee eae
Ee iA Teer e Wee lem

eT ey I Lo
cleanup easy.

5 & ELECTRE

out fear or favour or the slack-
ness for which the Bahamas has
become infamous.

This week, I’ve read a series
of interesting articles where at
least one straw vendor—in one
instance, a reverend—
appeared to try to justify thiev-
ery of intellectual property and
the sale of illegal wares because
it generates “a lot of funds.”
What a load of rubbish! Fur-
thermore, on the talk shows
and newscasts there were sev-
eral persons who were demand-
ing that the Ministry of Foreign
Affairs intervene, engage in a
diplomatic tit-for-tat and
demand that the vendors be
released, all asserting that the
US authorities would be return-
ing a favour for the country’s
swift handover of the Barefoot
Bandit (Colton Harris-Moore).

Moreover, there were
Bahamians in some quarters
who ridiculously asserted that
the country pay a percentage
of each vendor’s $100,000 bail
bond. This is what happens
when political paternalism
becomes a social norm. These
statements of certain of my
countrymen are out-of-touch
and nothing short of unfounded
conjecture—it displays an
annoying sense of entitlement
that so many Bahamians have
adopted.

The present straw market is
a major blot on downtown Bay
Street that has, itself, become a
loathsome and grimy mon-
strosity.

In glory days, the straw mar-
ket used to be a major tourist
attraction. The destruction of
the old straw market by fire in
2001 and the subsequent erec-
tion of a makeshift tent have
further set the market on a
downward spiral. Today, it is
nothing but a grubby, dusty
zone where tourists are con-
stantly harassed by overly
aggressive vendors and a site
where patrons could watch a
live version of “Tom and Jerry”
as rats, roaches and other

RRS eee it ar
Teme E LC

Tree

PME Rese me Cem ales
SRC AMC tee ala)
Pica ues me kee
with Auto cook, defrost and

fata ia a a oe



COUNTERFEIT MERCHANDISE:

An imitation bag sold at the Straw Market

rodents are permanent resi-
dents. Frankly, it no longer
reflects Bahamian culture.
According to historians Gail
Saunders and Michael Craton,
in days gone by “women and
children through the islands
processed the palmetto straw
and sisal fibre and wove plaits
to send to Nassau. There, pop-
ular items were almost mass
produced in workshops over-
the-hill for sale in specialized
stalls that outnumbered those
selling fruits and vegetables.”
Gone are the days when
vendors toiled to create, and/or
purchased native-made hats,
bags and mats from Family
Island suppliers. Growing up
on Long Island, I watched my
grandmother—Lenora Gibson
(recently honoured at the 43rd
annual Long Island regatta as a
pacesetter in the craft indus-
try)—weave plaits to send to
Nassau, primarily to Elsie
Knowles, who remains one of
the premier straw and craft pur-

veyors today. These Long
Island women were/are both
skilled artisans, whose native
plaits and homemade items
were crafted with love and ded-
ication, unlike the cheap knock-
offs and foreign imports that
litter the straw-market today. I
gleefully recall being taught the
plait patterns and vividly
remember assisting my grand-
father—Edward Gibson—as he
went about cutting down top
trees and himself occasionally
plaiting as a past time (usually
baskets used when catching
crabs). So, what has happened
to the straw vendors that actu-
ally cared to produce authentic
goods?

If anyone is in search of
items made in China, Taiwan
or the Philippines, the Bahami-
ans’ “straw market” is the place
to shop! The straw market,
which is thought to be repre-
sentative of Bahamian culture

SEE page eight

Whirlpool®
Kitchen
AYO) Kos

By)

RTs em be dirt)

el Ty meek

22 Cu. Ft. Energy Star®

Qualified Side-by-Side
Preece tours cele

ED2FHEXVQ

Electronic ice and water
dispenser with standard push

button controls. Adjustable door

bins accommodate jugs and

Side Rene

ame ee ce ele ee eee
Village Rd., Nassau, Bahamas
ieee es eee eo ies
TU Cae eee

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

You will be satisfied!


THE TRIBUNE

FRIDAY, SEPTEMBER 24, 2010, PAGE 7



LOCAL NEWS

National Insurance Prescription
Drug plan officially launched

Initiative described as ‘partnership’ between private and public sector

THE government of the
Bahamas officially launched
the National Prescription
Drug Plan (NPDP) this
week.

“Rather than waiting in
line at the Princess Margaret
Hospital or some of the pub-
lic clinics, patients can visit
the private participating
pharmacies near to them
and receive medication,”
Minister of Health Dr
Hubert Minnis said.

He described the initiative
as a “partnership” between
the private and public sec-
tor.

The launch marked the
first of phase of a pro-
gramme that 10,000
Bahamians have already
registered for.

The Plan is expected to
positively impact the health
of approximately 35,000 in
the first phase and eventu-
ally some 100,000 persons
throughout the Bahamas are
expected to benefit.

Among those in atten-
dance for the official launch
were Camille Johnson, per-
manent secretary in the
Ministry of the Health;
Algernon Cargill, National
Insurance Board (NIB)
director; Tami Francis,
NPDP manager and staff of
the Ministry of Health and
NIB.

The NPDP was intro-
duced at the Soldier Road
location of Lowe’s Pharma-
cy, the first pharmacy to sign
on to the Plan.

“It is every government's
responsibility to provide
quality health care to each
citizen of the Bahamas and
the government of today is
no exception,” said Dr Min-
is.

5



“We are embarking on an
infrastructural revolution so
that we can see changes
both at the Princess Mar-
garet Hospital and the Rand
Memorial Hospital.

“We would update you
with these changes very
soon.”

Minister Minnis said
although the country is

experiencing a recession, the
government has budgeted
approximately $220 million
annually for health care.

The minister thanked the
staff of NIB and the Min-
istry of Health for their
assistance in developing the
plan.

Raquel Wilson, the first
beneficiary of the NPDP,

presented an ACE Rx card
on behalf of her children
Jonathan and Raven, and
received free-of-charge the
first medication under the
NPDP for one of 11 non-
communicable diseases.
The Plan covers diseases
such as arthritis, asthma,
breast cancer, diabetes,
hypertension, high choles-

terol, glaucoma, ischaemic
heart disease, major depres-
sion, prostate cancer and
psychosis.

Card holders can now use
their ACE Rx cards at par-
ticipating pharmacies to
receive free-of-charge more
than 160 prescription drugs
and medical supplies pre-
scribed by physicians.



DRUG PLAN LAUNCH:
Dr Hubert Minnis

‘Vital fundraiser’ for Grand Bahama Children’s Home 30th anniversary

TO CELEBRATE its 30th anniver-
sary, the Grand Bahama Children’s
Home (GBCH) is hosting a special
fundraiser which organisers said will
be vital to the facility’s future opera-
tions.

Over the last 30 years, more than
2,000 children have passed through
the doors of the home. In recognition
of this milestone, the GRBCH commit-
tee has announced plans for an
anniversary fundraiser and celebra-
tion.

It costs over $300,000 per year to
operate the home which provides care
for up to 40 children — ranging from
infants to boys and girls up to the age
of 12.

Previously, the government grant
provided for $150,000 per annum;
however, this was recently reduced by
$25,000 due to budgetary cuts. This
leaves over $175,000 to be raised from
private and corporate donations and
fundraising events for basic operating
expenses, food, clothing and supplies,
the committee said.

The committee is hoping to raise
$25,000 at the 30th anniversary cele-
bration. It has also invited Grand
Bahama schools and churches to par-
ticipate and support the home with a
dress-up day at school and a special
collection taken at church to help raise
awareness and funds.

The 30th anniversary cocktail recep-
tion is being held on Friday, October
15 at the crescent pool of the Radisson
at Our Lucaya Resort.

The event will be held under the
patronage of Lady Joan Foulkes. The
celebration begins at 7.30pm under



















a



COMMITTEE MEETING: Pictured at last week's meeting are some of the GBCH committee (left to right) Sarah Kirkby, Norma
Headly, Jean Hivert, Geneva Rutherford, Sheila Smith, Brenname Rolle-Cooper and Caron Smith. (Not pictured are Lesley Davies-Bap-
tista, Lynne Fraino, Lillian Quant-Forbes, Derick King and Phil Carey)

the theme “Memories — A String of
Pearls; Celebrating 30 years with the
Grand Bahama Children’s Home”.

“The committee is very honoured
that Lady Foulkes accepted our invi-
tation to be the patron of our 30th
anniversary cocktail reception. Lady
Foulkes shares our passion for chil-
dren and charity work,” said Sheila
Smith, GBCH executive committee
member.

“Further, we are very excited that
Our Lucaya has partnered with us on
this fundraising event. Everything is
coming together perfectly and we





anticipate a spectacular night of cele-
brating past accomplishments and
preparing for future work.”

Organisers said the 30th anniver-
sary celebration promises to be an
unforgettable evening.

There will be live performances of
musical selections from different
Broadway shows under the direction
of Gloria McGlone. In addition, six
of Grand Bahama’s reigning beauty
queens will be welcoming guests and
modelling jewellery from Colombian
Emeralds International who are a jew-
ellery set as a raffle prize. All atten-

dees will be offered a glass of wine
courtesy of Bristol Wines and Spirits
and Our Lucaya has prepared a menu
of hot and cold appetisers, pastas, a
carving station and desserts.

The committee said it encourages
the residents of Grand Bahama to
attend its special celebration and lend
much needed support to the children’s
home. The GBCH depends heavily on
the private and corporate community
to keep its doors open and the suc-
cess of this fundraiser is another vital
component in this effort, organisers
said.









Ss























| Invites you to the opening of our new |
branch, located at the Harbour Bay
Shopping Centre off Shirley Street

OPENING SPECIAL
O'% OFF STOREWIDE

Free Giveaways

s

Where you get the maximum for the minimum
Tel: 393-0348/9
Store hours - 9:30am - 6:30pm Mon - Sat

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


PAGE 8, FRIDAY, SEPTEMBER 24, 2010

THE TRIBUNE



Straw Market has become _ Families ‘denied right to know

a ghastly,

FROM page six

and lifestyle, is also an infamous depot for
fake designer goods—ranging from Prada to
Gucci to Fendi to Louis Vuitton and much
more — suitcases, jewellery, clothes, pirated
CDs/DVDs, wallets and the like. Paris might
be the fashion capital of the world, but down-
town Bay Street (market) is a knock-off mec-
ca around these parts.

What is the percentage of Bahamian-made
products sold there? How many vendors have
up-to-date licenses to operate in the market?
How many vendors pay the $100 annual stall
fee? How many stalls are sub-leased? And,
how many foreigners, contrasted to Bahami-
ans, operate in the Bahamian straw market?

The government, and Bahamians at large,
must recognize that tourism is a multi-dimen-
sional phenomenon that calls for much more
than a handful of sand, a tan and a dip in
the sea. And, oh yeah, anyone can sell knock-
offs that are prevalent from here to Tokyo
but what is unique about us, whatever hap-
pened to Bahamian pride?

Why aren’t the police confiscating the
counterfeit designer items that are brazenly
pawned throughout the “straw market”? Why
haven’t offenders been arrested? Why are
customs officials allowing these vendors to
import and clear these items at the country’s
entry points? Is it merely ineptitude being
displayed by customs officials? Are customs
exemptions claimed on these items?

In 2007, the Nassau Institute conducted a
brief study of the “World Famous Nassau
Straw Market” that was revealing.

According to the Institute:

“Informal financial services — asue, loans,
foreign currency exchange and lottery num-
bers — are also available within the straw
market, sold by vendors and outsiders. Asue
groups with draws from $5,000 up to $20,000
are not uncommon. Short-term loans for up
to a month are available for a fee depending
on the amount and length of the loan. A cur-
rency exchange service is also provided with-
in the straw market. And the purchase of
foreign lottery or local lottery tickets is avail-
able. One vendor suggested that ‘whatever
you want you can get in the straw market.’”

“The estimated percentage of Bahamian-
made products sold in the downtown Nas-
sau straw market is 13 per cent. Therefore 87
per cent of products sold are foreign-made.
Clearly the term ‘straw market’ is a mis-
nomer. And most of the ‘Bahamian sou-
venirs’ sold are not Bahamian. The persons
likely to interact with tourists in the ‘straw
market’ are also not obviously Bahamian,”
the Institute said.

Bahamian taxpayers should no longer be

burdened with subsidizing this 21st century
version of a straw market that seems unrep-
resentative of the Bahamas. When the new
market is completed, it must be demanded
that straw vendors not only pay rent, but also
that most of them are Bahamians and that all
goods sold are authentic and made locally.

Today, there are widespread breaches of
intellectual property rights. We must begin
addressing copyright abuses that have now
started to cast a shadow over the Bahamas,
giving the impression of a place where intel-
lectual property and other copyright are nei-
ther respected nor protected. Although the
Copyright Act was amended, and the
Bahamas was thereby taken off of the Prior-
ity Watch list, the government has hardly
implemented or enforced any aspect of those
amendments.

At this rate, the Bahamas will face sanc-
tions and sobering ramifications (law suits
and severe penalties) for violations of copy-
right laws. Bahamians should look no fur-
ther than Nassau’s prized “straw market” or
their nearest street corner to see some of the
most serious breaches of international con-
ventions and copyright laws.

Whether it’s through the passage of addi-
tional legislation or by training and prose-
cution, we must ensure that international
copyright/intellectual property laws/pacts are
upheld and that we also employ a strict, copy-
right registration system.

Bahamians are capable of incredible
craftsmanship. Family Islanders continue to
produce hats, bags, mats, broaches, cuff links,
hair accessories, utensils and other items from
shells, straw, wood and coconuts.

BAIC chairman Edison Key and his team
should be congratulated and encouraged in
their push to promote authentic Bahamian
products.

Condolences/Freeport

Last weekend, I travelled to Freeport,
Grand Bahama to attend the funeral of my
cousin, Austin Smith. Austin was a life-long
public servant and served as an educator and
later as Commissioner on several Family
Islands.

Although my first trip to Freeport was for
a solemn occasion, I must mention how
impressed I was with the organization and
cleanliness of the city.

As I travelled about the city after the
funeral, there was much to appreciate about
the way the town was run, the smoothness of
the roads, garbage collection, functioning
street lights and so on. Whilst Grand Bahama
may be facing economic woes, there is much
that can be learnt and brought to New Prov-
idence.

T hope to revisit the island shortly.

*{OUu

10% -60% Cf
September 27th, 2010

to
October 5th, 2010

CLASSIQUE



Mt. Royal Avenue (1 Door South of Quality Fabric)

Tel: 328-0837 + 328-4793

* email:bijouxclassique@ yahoo.com

national blemish how serial kille

FROM page one

more than seven years ago.

Farrington, 43, of Freeport,
Grand Bahama, will return to
Justice Jon Isaacs’ court on
Thursday for sentencing.

But without a trial, the fami-
lies will forever be denied the
opportunity to hear what hap-
pened to the boys before they
were dumped in the pine forest
near Barbary Beach in eastern
Grand Bahama where Farring-
ton led police to their bodies
in October 2003.

Marilyn Davis, Deangelo’s
maternal grandmother who
raised him from infancy, said:
“Tt may make me feel hurt, but
I wanted to know what he did
to those children and what the
children said to him.”

Although her family had
been notified by the Attorney
General’s Office of Farrington’s
appearance at the Supreme
Court in Nassau yesterday, Ms
Davis, of Pioneer’s Way,
Freeport, said Farrington
should have been ordered to
appear at a Grand Bahama
court where the killings were
committed.

She and the parents and rel-
atives of the other three victims
have endured a painful journey
since losing the children as they
had to fight for the boys’
remains to be released for bur-
ial just two years ago.

And they have waited more
than seven years for Farring-
ton to come to court since he
was arraigned on five murder
charges in March 2004.

Farrington was tried sepa-
rately for the murder of Jamaal
Robins, 22, committed in July
2002 and in August 2006 he was
convicted of the murder and
sentenced to death.

However, a successful appeal
meant his conviction was
changed to manslaughter
because of his mental state and



== y ra

te
+
os
ta}
a
fry
eS
=
2
=
S
Ss
—
os
=
‘o
a
oO
ua

ACCUSED: Cordell Farrington

his death sentence was com-
muted to life imprisonment by
the Court of Appeal in October
2008.

Although Mr Braithwaite
declined to comment on the
Crown’s reason for accepting
Farrington’s manslaughter
pleas yesterday, sources close
to the case believe it was
because of the success of his
previous appeal.

Should he be convicted of
the four murders and success-
fully prove to the Court of
Appeal that his mental health
diminished his responsibility,
the quadruple murder trial
would result in a significant loss
of court time and public money
at a time when cases are severe-
ly backlogged.

But the blow to the families
should also be taken into con-
sideration, argued anti-crime
activist Rodney Moncur.

“Families of murder victims
want their day in court,” he
said.

“They need to know what
happened and they should have
the opportunity to address the
court prior to the sentencing so

P's victims died’

they can say who their loved
one was, describe their pain and
suffering, and say what kind of
penalty the accused should
have.”

Farrington pleaded not guilty
to the murders of Colas and
McKenzie between May and
June 2003, Reme between July
and August 2003, and Rolle
between September and Octo-
ber 2003, in Freeport, Grand
Bahama, before Justice Jon
Isaacs yesterday.

As the four charges were
read successively, Farrington
repeated his plea: “Not guilty to
murder, guilty of manslaugh-
ter.”

Mr Braithwaite indicated the
Crown accepted the pleas, but
asked for an adjournment to
give him time to present facts of
the cases before the court prior
to sentencing.

Defence attorney Ramona
Farquharson, who represented
Farrington at his 2006 murder
trial, asked the judge to allow
Farrington to have another psy-
chiatric examination before
sentencing, however Justice
Isaacs denied her request as he
said the last evaluation con-
ducted in 2006 would suffice.

Justice Isaacs also dismissed
Farquharson’s submission that
Farrington should not be tried
for the boys’ murders because
his constitutional right to a tri-
al within a reasonable time had
been violated.

The judge noted Farrington
was already serving a life sen-
tence for one murder and given
the previous proceedings,
regarded the total lapse of time
for the other four matters as
only three years, a delay he said
was not inordinate and did not
hinder the possibility of a fair
trial.

Justice Isaacs also comment-
ed on the need for courts to dis-
pose of cases more quickly, par-
ticularly those involving sever-
al serious charges.

BUT ELECTION RESULTS

THE official results of the Bahamas Union of Teachers election were released yesterday. This year’s election
saw 40 candidates vy for the 15 leadership positions available on the 4,000 member-strong union’s executive

team.

PRESIDENT
Belinda Wilson -1433
Francis Friend - 1323

VICE PRESIDENT
Philip Dorsett - 1365
Father Franklyn
Colebrooke Sr - 868
William McFord - 397

SECRETARY GENERAL
Stephen McPhee - 968
Brenda Albury - 872
Villadale Bain - 444
Jacqueline McKenzie - 221
Helena Cartwright - 167

ASSISTANT SECRETARY
GENERAL
Leason Burrows - 1456

Jeleah Turnquest - 1217

TREASURER

Lorraine Knowles - 1059
Andrea Lockhart - 959
Karen Butler - 620

ASSISTANT TREASURER
Janice Armbrister - 1247
Valencia Carrol - 821

Kim Williams - 618

TRUSTEES (WINNERS)
Haldane Stubbs 1043
Mizpah Munroe 913

EXECUTIVE MEMBERS
(WINNERS)
Wayne Thompson - 1504

Zane Lightbourne - 1385
John Mosgrove - 1213

AREA VICE PRESIDENT FOR
GRAND BAHAMA

Quinton Laroda - 301
Meoshe Basden-Curtis - 185

AREA VICE PRESIDENT FOR
NORTHERN BAHAMAS
Yolanda Forbes-Curry - 290
Sydney Curtis - 117

AREA VICE PRESIDENT FOR
SOUTHERN BAHAMAS
Annafaye

Ferguson-Knowles - 127
Philip Sturrup - 95

NOW IN PROGRESS

Appli

AVANT!
DAEWOO

SHOP ON-LINE

www. faylor-indusinies.com

|

We Accegt

ances

FROM

Se ee a

th eee eae

ait er eet =f et i!
aril eee er att)

VISA, MASTERCARD,
SUN CARD & DISCOVER

UES aT

al 1 eS |
OPEN: MON - FRI 7:30 am - 4:30 pm * SAT 6:00 am - 12 noon



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


THE TRIBUNE

FRIDAY, SEPTEMBER 24, 2010, PAGE 9



New Providence water storage levels ‘critically low

By ALISON LOWE
Tribune Staff Reporter
alowe@tribunemedia.net

SIX days of missed water
shipments has left the water
storage levels in New Provi-
dence “critically low”, leading
to calls from the Water and
Sewerage Corporation for cus-
tomers to limit their usage and
prepare for more rationing.

Just over 16 million imperi-

al gallons of water that should
have been delivered in the last
eight days did not arrive
because the ship The Titas
which normally brings the cru-
cial supply was unable to make
the journey from Andros, said
a WSC official.

Robert Deal, assistant gen-
eral manager, said The Titas
was at first affected by
mechanical problems and after
these were resolved last Sun-

day, by sea swells caused by
the passage of Hurricane Igor.

“The Titas delivered a ship-
ment of water this afternoon
(yesterday), only the second
shipment in the past eight
days. The six days missed are
equivalent to 2.7 million impe-
rial gallons per day,” said Mr
Deal.

New Providence residents
complained Wednesday
evening that water supplies

were cut off in parts of the
island. Yesterday WSC issued
a statement telling customers
that the corporation is imple-
menting “water conservation
efforts that may result in peri-
ods of reduced water supply”
and asked for residents to “try
to conserve their water usage
where possible.”

It is not clear how long
water will be rationed. The
WSC said that the supply

should improve “over the next
few days provided weather
conditions will continue to
improve and there are no fur-
ther mechanical challenges
with The Titas.”

The WSC said it would
“endeavour to limit the sever-
ity and duration of water cuts”
and asked people to keep an
eye out for water leaks or
wastage, and report cases by
calling 302-5599 or 325-0505.

Homicide prompts concerns
over liquor stores and bars

FROM page one

action, we need forms of local govern-
ment so people can have some say in what
is happening in their community. We’re
not saying that the liquor outlets did it
but it lends to poor socialization. It’s sys-
temic.”

On Wednesday evening, Kendrick
Smith died in hospital after he received
multiple stab wounds outside a residence
in the Churchill Subdivision, off Soldier
Road.

Mr Smith was an employee of Switcha,
a beverage manufacturer, and yesterday
his employer Mervin Sweeting Jr — who
is also a resident of the area — and co-
workers were also present to reinforce
the sentiments expressed.

Mr Sweeting Jr equated the effect of
bars and liquor stores within communities
to modern day genocide.

He said: “The time of dialogue has
passed. We are calling for the removal of
liquor stores from the community. [Liquor
stores] creating environments which are
not conducive to peace and serenity — to
normal wholesome life. We have to live
here, listen to the cursing and violence
that stems from activities taking place

there.”

Their cries come just weeks before
revised Planning and Subdivision legisla-
tion is set to be implemented.

The revised bill aims to improve the
structure and administration of the Town
Planning Committee and the Department
of Physical Planning, and will create
stricter rules for the town planning.

An official within the department of
physical planning said: “One of the major
changes or implementations would be the
national land use policy and also the
involvement of the community itself in
the decision making process. Before a
decision is made for persons to move for-
ward on a development, the community it
will affect will be consulted via town meet-
ings. This is something that hasn’t hap-
pened in the past.”

The official added: “Even though right
now we have commercial areas that are
defined, the new act would cement, so to
speak, the actual definition that is in
place.”

The official said: “This legislation will
help to better enforce regulations that are
already in place. By virtue of evolution
there are some communities — particular-
ly the over-the-hill and Fox Hill areas —

CRIME SCENE: Police at the scene of
Wednesday night’s homicide.

that have developed in that way over the
years, where you will see beauty salons or
restaurants side by side with residences.”
One woman, her home next door to
where Mr Smith was allegedly stabbed,
said: “I’m already packed to move, I just
can’t go anywhere because no money you
know. But nine years is sufficient, it’s time
to move — for peace of mind.
“T don’t see here it’s making any sense.”

FROM page one

remove the suspect items off
their shelves immediately.

This came after the
Bahamian wholesaler distrib-
utor received notification
from Abbott, the company
that produces Similac, that a
quality review had “detected
a remote possibility” that
some of their infant formula
may contain evidence of
insects — specifically, “a small
common beetle.”

While the United States
Food and Drug Administra-
tion (FDA) has confirmed
that the beetle itself does not
pose an obvious or immediate
health risk if consumed, the
recall is being done on the
basis that there is a possibili-
ty that infants who consume
the formula containing the
beetles “or their larvae”
could get an upset stomach
and lose their appetite “as a
result of small insect parts

Five cases
of dengue
fever, 20

suspected
FROM page one

cans.

The warning comes on the
heels of a significant increase
in cases throughout the
Caribbean and the Americas,
with outbreaks reported in
Barbados, Grenada, Puerto
Rico, Trinidad and Tobago,
and the French Territories.

The department said it is
working closely with the
Department of Environmen-
tal Health Services to prevent
and control the spread of
dengue, a viral infection
which is transmitted through
the bite of an infected Aedes
Aegypti mosquito.

Symptoms include fever,
muscle and joint pains, exces-
sive tiredness, headache and
pain behind the eyes.

Nausea and vomiting may
also occur.

A more severe form of
dengue fever, Dengue Haem-
orrhagic Fever, can cause
episodes of bleeding.

There is no vaccine to pre-
vent dengue fever, but certain
treatments can reduce the
intensity of the symptoms.
The majority of victims recov-
er within five to 14 days.

The department said: “The
public is advised to seek med-
ical attention at your nearest
clinic if you experience any
of these symptoms. For fur-
ther information contact the
Surveillance Unit at the
Department of Public Health
at 502-4790 and 502-4776.”

Baby formula

irritating the gastrointestinal
tract.”

The recall warned that any-
one who believes their child
may be suffering from these
symptoms “for more than a
few days” as a result of eating
the formula should consult a
doctor.

The recall affects certain
cans of Similac-brand pow-
dered infant formula. No liq-
uid baby formula was
involved, according to the
company.

Concerned parents and car-
ers were advised by the com-
pany which produces Similac
to refer to
www.similac.com/recall/looku
p, and type in their lot num-
ber to determine if their
product is affected, or call (1
800) 986-8850.

The lot number can be
found on the bottom of the

container.

However, the website was
not fully functional for much
of yesterday and the hotline
was reported to have crashed
when faced with heavy
demand for information.

Nassau Agencies Ltd sent
out a release that stated that
certain lot numbers of the fol-
lowing Similac products are
affected: Similac Isomil
Advanced (23.2 ounces), Sim-
ilac Go & Grow Early Shield,
Similac Go & Grow Soy (22
ounces), Similac Advance
Early Shield (23.2 ounces),
Similac Advance (12.9
ounces), Similac Advance
(12.4 ounces), Similac
Advance Early Shield (12.9
ounces), Isomil Advanced
(12.9 ounces), Isomil
Advance (25.7 ounces) and
Similac Go & Grow with
LCPs (12.9 ounces).

Contacted yesterday after-
noon, one seller of Similac,
Lowe’s Harbour Bay, said

FRIENDLY MOTORS LTD.

Parts Department
Thompson Bivd.

WILL BE

FOR STOCK TAKING
SATURDAY, SEPTEMBER 25, 2010

WE WILL BE

OPEN

for Business on Monday
September 27, 2010 at Bai

Our Vehicle Sales Department
WILL BE OPEN as usual

We thank you for your patronage
and apologize to our customers for
any inconvenience caused.



they had already removed
from its shelves a number of
cans of Similac baby formula
that were found to have lot
numbers that fell within the
recall.

Barbara Henderson, of
Nassau Agencies Ltd, said
that if customers return Sim-
ilac products with lot num-
bers included in the recall to
the place where they pur-
chased it, that company can
in turn seek reimbursement
from Nassau Agencies Ltd,
who will be compensated by
Abbott.

Abbott states that all of the
potentially-tainted food was
produced in a single produc-
tion area in one manufactur-
ing facility.

4 days only!
Sept 24th - 28th, 2010

1

De rele)
a AAO t nell)
Ad PEt)

Ls a Kher leery)
2) 393-4096

= Co-) 0) ela m=

Sedat ek)



_ Outrage over police

llowntown shooting
FROM page one

i cer on bicycle patrol overheard
i the exchange and came to the
i assistance of the female offi-
i cer.

Now on George Street, in

i the front of Bahama Subs and
: Salads, it was said the man
? brandished a box cutter at the
i male officer which resulted in
i him being shot in his upper
i thigh.

The shooting was reported

i to have taken place just before
i 4 pm, however the reports
? from the police differed con-
i siderably from that of eyewit-
i nesses.

The eyewitnesses allege that

i the male officer drew his gun
? and followed the man across
i the street, despite the man’s
? requests to be left alone, assur-
: ing the officer that he was leav-
i ing.

It was then, eyewitnesses

: alleged, goaded by bus drivers
? parked on George Street, the
i officer kicked the man in his
i back and a scuffle followed.

The incident angered some

i pedestrians, who voiced con-
i cerns that the incident was not
i properly handled by police offi-
: cers and tarnished perceptions
i of the country to visitors.

Police have reportedly

: launched an investigation into
i the shooting.

CLA Sines,
Mrs. Levonya PC. SC GiieeGacnic

We sit and thinl to oer gall and ae
Gand wwtry he head In take you so anon?
Thats 2 question ac read to lenow_._.
hinge Mapes for a eset,

Wwe died ecey thal vies ceang to be
Whe bas] eve ee ear yt

Wo would hae hegped you and
Teaver lel es

Ariiien trata oi rade pou
A palon bres we cred

Binet cael hera save pou
Fed etd bures reves: ches

ARB) hoe for hers is oon
Aweee Fore poone bs siied
A placa in gus hearts wacari
which onty you cin bi

In ite we loved you dearly

(i heath ae Nerves ys
Some may think pt oae torpeties
hoeph on cart posi more
Bul in our hee poe

foe aways ‘here Gust

Fa tei wane bedone

Ree you, Laworwa

to! we went wiih you
Sai Pore.



et si)

e Linens
¢ Housewares
¢ Baby Items
¢ Toys

ied aie Fieawoue

TF 6F - 2007

Db Love Plea

Forever loved). never fongeten. your
Peels, Grane pret, hasten
begitess. Grotters-rrira, asier, 2-
bors inlaw, nephew, nophaws- in-lana.
CUTE, GLGNT A ers, Gua, we

oles, other trienas. and damiy







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


PAGE 14, FRIDAY, SEPTEMBER 24, 2010

(|
I

THE TRIBUNE





LOCAL NEWS

TRACKING: A blunt nosed |
1 six gill shark is fitted with
2 an satellite tracking device

A new wave of ocean exploration in the Bahamas

gramme at the Cape Eleuthera Institute initi-

Te Shark Research and Conservation Pro-

ated a new research programme this week

aimed at investigating the

diversity and abundance

of deep ocean sharks living in the Bahamas.

Collaborating scientists Dr
Dean Grubbs of Florida State
University, Dr Demian Chap-
man of Stony Brook University,
and Lucy Howey-Jordan of
Microwave Telemetry travelled
to the Cape Eleuthera Institute
to get the project started. They
said they encountered an
incredible degree of success.

Over the course of three days
and six surveys, the team cap-
tured 25 animals from six dif-
ferent species.

These ranged from a 389 cm
(13 ft) bluntnose sixgill shark
to a 47 cm (18 inch) fully grown
sawtail catshark.

“I have conducted research
on deep water sharks in a num-
ber of locations around the
world including the central
Pacific off Hawaii, the temper-
ate western Atlantic off the east
coast of the USA and in the
Gulf of Mexico. Cape Eleuthera
appeared to be an ideal loca-
tion to expand my research,
however, I never expected the



incredible diversity and abun-
dance of species we encoun-
tered these last few days. Twen-
ty-five sharks from six different
species on only six surveys is an
incredible record.” said Dr
Grubbs.

Of all the currently described
species of sharks, 256, or 56 per
cent, live their entire lives below
200m (660ft) of water.

Of these species, basic infor-
mation about life history is
available for only five species,
and information relating to
movement patterns is available
for only three species.

Until recently these deep
water environments acted as a
refuge from human exploita-
tion, however, as stocks of fish
closer to the ocean surface are
subjected to overfishing, com-
mercial interests are turning
their attention to the deep, sci-
entists said.

Many of these deep water
sharks are being exploited with-
out any understanding of their

L Lt i

N

biology and ecology on which
to base management decisions.

“The particular highlight for
me was in fact the smallest
shark we captured, a Springer’s
sawtail catshark. This species
was only described in 1998 and
there are relatively few records
of it anywhere in the world so I
am incredibly excited to
encounter it in Eleuthera,” said
Dr Grubbs.

This project is providing a
unique educational experience
for students from the Island
School who, alongside staff
from the Shark Research and
Conservation Programme, will
continue to gather data over the
coming weeks, a spokesperson
said.

“This is an incredibly excit-
ing new project for the Shark
Research and Conservation
Programme. We have been
working on the more easily
accessible sharks such as the
Caribbean reef, tiger and nurse
sharks for over three years now,
yet we had no idea of the trea-
sure-trove of new species that
were right on our door step,”
said Edd Brooks, programme
manager of the Shark Research
and Conservation Programme

at the Cape Eleuthera Institute.

“The first phase of this pro-
ject has been a huge success and
I cannot wait to see the rest of
the data we gather over the
course of the next 12 weeks with
the Island School students.

“These students are incredi-
bly lucky as there are very few
people who have ever seen
most of the species they will be
working with this semester; it’s
a truly unique opportunity for
them.”

In addition to monitoring the
diversity and abundance of the
animals encountered, the
research team will be utilising
some of newest electronic track-
ing technology available to
monitor these animals’ move-
ments.

So far three pop-up satellite
archival transmitters (PSATs),
which record depth, tempera-
ture and light level data which is
later transmitted to a satellite,
manufactured by Microwave
Telemetry, have been deployed
on bluntnose six gill sharks to
compliment the 10 already
deployed on this species by Dr
Grubbs in Hawaii, the eastern
United States and the Gulf of
Mexico.

Phan mi saa ia ee foe bee bash ire
feeb ae sara aaa ane ie aaa nue sag. eee
re PPh aaa bas we vane pee bee | OEE
Pee ea ben aaa Baar gE eas Pee see Pes
TH F DEB cae bak saa Sade neu BES peeed Mey
nee == rs on BES sew gy Le
Se FESIEAAL TS ri hom she) kbs Eos
eee dua ae Seat Gee Suey aeeiee Bae
rue one ef See Poe ere ayn nna

A RK OD



aE S Ee eee ee ay eo)







conned tél sre tad andere

ad

anekn

BROADBAND

which will monitor the
sharks movements and
behavior for the next five
months.

A further five will be
deployed on gulper sharks over
the coming weeks providing the
first movement and habitat use
data for these animals. Until the
recent development of the X-
tag there was not a PSAT small
enough to deploy on a smaller
species like the gulper shark.

“The new X-Tags deployed
on these sharks will provide
some of the highest resolution
tracking data currently on the
market. I am really excited to
be working with the team at the
Cape Eleuthera Institute
because the facilities and prox-
imity to deep water provides
an excellent opportunity to
study the movement and
behavior of deep-water sharks,”
said Ms Howey-Jordan of
Microwave Telemetry.

Dr Chapman, the assistant
director of science at the Insti-
tute for Ocean Conservation
Science based at Stony Brook
University, who studies shark
genetics and conservation, said
he was especially impressed
with the abundance of sixgill
sharks.

“These sharks have been
around since well before the
dinosaurs and yet we really
don’t know that much about
them. Captures of two sixgill
species, including both adults
and juveniles, suggests that
much can be learned about this
group here in the Bahamas.
Once again the Bahamas is
proving itself to be the ‘Shark
Capital of the World’,” said Dr
Chapman.

The Bahamas is widely cred-
ited as being a leader in shark
conservation after banning
longline fishing in the late
1990s.

The opportunity to study the
wide variety of species that





exists here, both in deep and
shallow water, in a relatively
un-disturbed state is one that
has put the Bahamas on the
map for shark researchers
around the world.

Spokespersons of the Shark
Research and Conservation
Programme said they are
indebted to the Bahamian gov-
ernment’s Department of
Marine Resources for providing
permission for this research to
be undertaken.

“The absence of a commer-
cial fishery of any significance
for sharks in the Bahamas,
along a wide variety of marine
habitats within close proximi-
ty to the facility makes the
Cape Eleuthera Institute an
ideal location for the pursuit of
research into the these impor-
tant species.

“The Department of Marine
Resources is pleased to support
shark research being done in
the Bahamas and notes the
importance of the recent suc-
cess in at the Cape Eleuthera
Institute in respect of under-
standing the sharks of the deep-
er waters of the Bahamas,” said
Michael Braynen, director of
the Department of Marine
Resources.

This exciting new direction
of shark research will continue
to investigate and explore the
deep water inhabitants of the
Bahamas and provide much
needed information on this
minimally studied area of the
world’s oceans. Given the
resounding success of the pro-
ject to date, it is likely that the
deep-water shark research pro-
gramme will be a permanent
fixture of the Cape Eleuthera
Institute’s Shark Research and
Conservation Programme, offi-
cials said.



ba, ey aye

Goh Ba... do

a a



:



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



>


I

THE TRIBUNE

u



FRIDAY,

its

SEPTEMBER 24,



2010

SECTION B « business@tribunemedia.net

FAMILY GUARDIAN

INSURANCE COMPANY LIMITED



Minister
dismisses

" r
junk bond

fears



JAMES SMITH
By NEIL HARTNELL

A former finance minis-
ter yesterday expressed
concern that the down-
grade suffered by the
Bahamas’ sovereign credit
rating was “beginning to
show” in the international
capital market borrowing
costs faced by the Govern-

ment, although the present

incumbent said the evi-
dence showed nothing had
changed.

James Smith, minister of
state for finance in the for-
mer 2002-2007 Christie
administration, said that
judging from Wednesday’s
debate in the House of
Assembly, during which
the Government said it
would have incurred a 7
per cent interest rate if it
had to borrow on the inter-
national capital markets to
finance the JFK Drive
‘highway’ upgrade, the
December 2009 downgrade
by Standard and Poor’s
(S&P) had effectively cut
the Bahamas’ credit rating
to “junk bond” status”.

Commenting on the
Bahamas’ current total
national debt, which stands
at around $4 billion, Mr
Smith told Tribune Busi-
ness: “It’s a source for con-
cern, not just the debt but
the rate at which it’s grow-
ing.”

during which the Govern-
ment’s representatives
pointed to the interest sav-
ings advantages offered by a
2 per cent China Export-
Import Bank loan, as

international
would have charged, Mr
Smith said: “In this environ-
ment of low interest rates,

SEE page 4B

Customs policy’s

‘crushing blow

By NEIL HARTNELL
: Tribune Business Editor

Bahamas Customs was

i yesterday accused of deliv-
: ering a “crushing blow to
: legitimate trade” by its
: refusal to clear trailers
: imported by Grand Bahama
: Port Authority (GBPA)
Tribune Business Editor ; maa are ER aba
: ed goods sales, a former
: Chamber of Commerce
? president arguing this posi-
? tion was at odds with the
: Government’s statement to
: the World Trade Organisa-
? tion (WTO).

Christoper Lowe, the ex-
Grand Bahama Chamber
president, told Tribune Busi-
ness that numerous GBPA
licencees, including his own
business, Kelly’s (Freeport),
had been either told directly
or via their brokers that
Customs would not clear
their imports unless the
reports - something he said
were not required under any
law, policy or agreement -
were provided.

“Bahamas Customs is
refusing to clear the goods in
trailers for any licensee com-
pany of the Grand Bahama
Port Authority, unless they

Triple Play provider
eyes extra $6m spend

: By CHESTER ROBARDS
? Business Reporter
: crobards@tribunemedia.net

IP SOLUTIONS Interna-

? tional (IPSI) still has to
? invest another $6 million in
i its ‘Triple Play’ services in
i Abaco, even after starting
? beta testing with hopes for a
: complete roll-out of services
: by year-end, the company’s
? president said yesterday.

Edison Sumner said $2

: million has already been
? pumped into the project
? from the pockets of initial
? investors.

IPSJ is seeking to provide

} Abaco with the ‘Triple Play’
? bundling of Internet, tele-
? phone and video through a
: wireless net work designed
} to be more robust and faster
? than any services offered on
i? the island - or in the

Picking up on yesterday’s
House of Assembly debate, ;

Bahamas - to date.
Mr Sumner said IPSI’s

i system was designed to
? expand along with Abaco’s
? economy and population,
i which have seen faster
i growth than the island’s

? larger neighbour, Grand
opposed to the 7 per cent }
investors }

Bahama.
“Our endeavour is to

: work intelligently and metic-
? ulously to develop a net-
? work infrastructure that ful-
: fills the true needs and
: desires of the people of

Abaco, and to meet the

‘We’re begging

like children’












status’

STEPHEN WRINKLE

By NEIL HARTNELL
Tribune Business Editor

* Maximising Bahamian contractor
participation in major projects, such
as airport and Baha Mar, only way
for nation to ‘grow itself to mature

* BCA head again calls on
government to pass Contractors Bill,
as required to enable Bahamians to
get ‘a piece of the pie’



Bahamian contractors must be actively engaged on the
major multi-million dollar development projects if this
nation is to “grow itself to mature status”, the industry’s head
told Tribune Business, rather than just let the sector simply
be used as a labour pool by developers.

Stephen Wrinkle, the Bahamian Contractors Associa-

SEE page 4B

demands of an expanding
population,” he said.

According to Mr Sumner,
the company will employ 15
to 20 qualified Bahamians
initially with an opportunity
for spin-off employment for
value-added package
resellers and outsourced
technical services.

IPSI has future plans to
expand its product to the
Caribbean and Latin Amer-

SEE page 3B

FG FINANCIAL

PENSIONS & INVESTMENTS

call us today at 396-4080

lM Former Grand Bahama Chamber chief says
Department refusing to clear trailers unless
bonded goods sales report, an ‘unheard of
requirement’, submitted
2 M Argues move inconsistent with the Bahamas’
WTO position, and ‘proprietary and confidential
_ business information’ being sought

comply with a demand for
a bonded sales report, which
is an unknown instrument,”
Mr Lowe told this newspa-
per yesterday. “They have
not even displayed the cour-
tesy to outline to us in writ-
ing the format or content
that they desire. While some
licensees have caved in to
the pressures and threats of
Bahamas Customs to their
business operations and
livelihoods, and have scram-
bled to produce such a
report, there is no lawful

SEE page 3B

The information contained is from a third
party and The Tribune can not be held
responsible for errors and/or omission
from the daily report.



Shareholder

rift continues
at the Hilton

By NEIL HARTNELL
Tribune Business Editor

The fallout from the boardroom battle at the British
Colonial Hilton continues to rumble on, Tribune Business
can reveal, with its Canadian pension fund investor urging its
fellow shareholder to inform the Registrar General that
the agreement governing their ‘partnership’ remains in
force.

A September 1, 2010, letter from Canadian QC, Alan
Lenezner, on behalf of the Canadian Commercial Workers
Industry Pension Plan (CCWIPP), to legal representatives
of Swiss/UK-based private equity house, Adurion, also
urged that their client withdraw an application to the Cen-
tral Bank of the Bahamas for permission to refinance the $19
million loan at the centre of their dispute.

The letter, seen by Tribune Business, urged Adurion and
its Fort Nassau Investments vehicle to advise the Regis-
trar-General, in his capacity as Registrar of Companies,
that the Universal Shareholders Agreement governing their
relationship at the Hilton was “invalidly terminated and
remains in force”.

The letter also requested that Adurion withdraw its appli-
cation to the Central Bank for an affiliated company, Equi-
librium, to replace Fort Nassau Investments as the lender.

As previously revealed by Tribune Business, a Canadian
arbitration ruling effectively prevents Adurion, as the 71 per
cent controlling shareholder, from refinancing its own $19.09
million bridging loan to the Hilton, something it alleged
had created a $3.4 million "net benefit" for the downtown
Nassau resort.

SEE page 2B



‘Anticompetitive’ fears
over Cable, SRG merger

By NEIL HARTNELL
Tribune Business Editor

A rival telecoms player
has expressed concerns that
the proposed merger
between Cable Bahamas
and Systems Resource
Group (SRG), the IndiGo
Networks parent, could be
“anticompetitive” and have
a detrimental impact on the
wider Bahamian market.

Edison Sumner, IP Solu-
tions International’s presi-
dent, told Tribune Business
prior to departing for

Wednesday’s Abaco Busi-
ness Outlook that the
planned merger, which
would create a “Triple Play’
provider of communications
services in the areas of Inter-
net, video, data and voice
traffic, could impact the
maintenance of a ‘level play-
ing field’ in the telecommu-
nications industry.

“T think it will have an
impact on the market, and
issue like a level playing

SEE page 4B

worry (P80
OPOUN fenSIONS

[ sound investment management
[ independent corporate trustee

oversight

[1 independent corporate custodian
[ diversified investment portfolio

q/all of the above

A SUBSIDIARY OF

FAMGUARD

CORPORATION LIMITED

<5

FAMILY GUARDIAN CORPORATE CENTRE: AT THE JUNCTION OF VILLAGE ROAD, SHIRLEY STREET & EAST BAY STREET | www.famguardbahamas.com


PAGE 2B, FRIDAY, SEPTEMBER 24, 2010

THE TRIBUNE



a =~) <> —
Shareholder




























































rift continues
at the Hilton

FROM page 1B

CCWIPP, which holds the remaining 29 per cent stake and has $60 million
invested in the Hilton, had refused to approve the refinancing on the grounds
that the Bahamian resort would be unable to generate enough cash flow to
pay off the new loan’s terms.

The Canadian pension fund feared that if this happened, any default on
repaying the refinancing could wipe out its equity in downtown Nassau's
‘anchor property’ and prevent it from receiving the $26.5 million it had
effectively been guaranteed when it sold a majority interest in the resort in
late 2006.

The ruling thus leaves the Hilton's 71 per cent majority shareholder, the
Swiss/UK-based private equity house Adurion and its Bahamian-incorporated
investment vehicle, Fort Nassau Investments Company, holding a $19.09
million loan that the Nassau-based resort and its immediate holding company
have defaulted upon.

Adurion had pushed the new bridging facility, which was to come from a
company, Equilibrium, that it also controlled, on the grounds that the initial
$19.09 million facility had been offered at sub-market rates that were not com-
mercially viable.

The new loan would also be secured on the British Colonial Development
Company's shares, and Adurion accused CCWIPP of putting its equity posi-
tion in the resort ahead of the property's financial needs.

It argued: "Fort Nassau's willingness to continue to extend the loan at sub-
market terms for 32 months (26 months past the six-month term) has result-
ed in a new cost to Fort Nassau Investments and net benefit to the company
[the resort] of $3.4 million

"As the commercial deal underlying the agreement is a 50/50 deal, [CCWIP-
P's] refusal to comply with the agreement has resulted in a net benefit to
[CCWIPP] of $1.7 million." Adurion/Fort Nassau demanded that CCWIPP
pay it damages of $5,900 per day.

In his decision, the arbitrator found that neither CCWIPP nor Adurion act-
ed in bad faith, and both parties did not intend the initial bridge facility to still
be in place.

Given that Adurion would effectively take 100 per cent control of the
British Colonial Hilton if the Equilibrium loan was defaulted upon, the
arbitrator found: "The proposed Equilibrium loan is nothing more than the
Fort Nassau Investments bridge loan on terms that are better for the lender.
Fort Nassau and Equilibrium were interchangeable both before the Equi-
librium loan and under it. The beneficial interests in these two entities are
identical.”

Finding that the Equilibrium loan required approval from both share-
holders, the arbitrator said it was "not in the best interest" of the British Colo-
nial Hilton, which was better off with the original defaulted facility. The new
facility was "more burdensome", and Adurion was “acting in total self-
interest” in proposing it.

"The evidence is clear that the hotel business is flourishing. Even if it
weren't, the proposed Equilibrium loan does nothing to assist [the British
Colonial Hilton], its assets or the underlying business," the arbitrator found.

"The consequence of my decision is to leave Fort Nassau Investments in a
position where its loan is in default and has been for some time." The arbi-
trator also concluded that Adurion wrongfully terminated the shareholders’
agreement between itself and CCWIPP when it attempted, on February 22,
2010, sought to obtain approval of the Equilibrium loan from the hotel's
Board, which it controlled.

By CHESTER ROBARDS
Business Reporter
crobards@tribunemedia.net

SOME individuals who paid
the increased import duty on
vehicles the day the 2010-2011
Budget was announced still have
not received their rebates from
the Customs Department, Tri-
bune Business has learned.
Comptroller of Customs, Glen
Gomez, said many of the rebates
had already been paid, while oth-
ers Said they did not know how
to proceed for the refund.

One individual, who spoke on
condition of anonymity, went to
Customs to collect their new car
as Prime Minister Hubert Ingra-
ham stood in the House of
Assembly announcing the rate
increase. When the individual
arrived at the dock, they found
that the price to remove the car
from Customs had increased by
25 per cent.

The Government, immediate-
ly recognising the problem,
agreed to offer a rebate for those
individuals who paid the extra
duty, but did not offer instruc-
tion on how to go about collect-
ing it.

“Some people may have been
missed, but personally I haven’t
gotten any calls,” said Mr
Gomez. “I heard something
from the Ministry of Finance,
but more than 20 people had
been addressed and there are at
least four that came in recent-
ly.”

According to him, anyone
requiring reimbursement would
have to apply for it.

“Tt wasn’t up to us to look
through the record,” he said.
“Even if we did, a lot of the doc-
uments have only PO Boxes,

uy
or rare

a

OaeE

ee

—
io

ii
ay!
Sos
Fare,
it

a Ad
feet idee

ar rma mh,

eee Tee eth Try
'

oo lal al al ii
TOE OBE NY

| nA ne Pa

Ce 1 ed et a





ed

LOPROLLA

»

NEW COROLLA, NEW STYLE.

ELECTRIC BRAKE CONTROL, COLLISION RESISTANCE SYSTEM AND A BRAND
NEW ELECTRONIC DASHBOARD MAXIMIZES YOUR DRIVING PLEASURE,
BUILT OVER THE TRADITIONAL COROLLA, WITH A BETTER PERFORMANCE,
TO aL a

Me ie

Shirley Street at Church Street ae

Open Mon to Fri fam - 5:30pm alle Bi

Sal Sam = [noon
ASD TOYOTA DEALER A N\

Te: 397-1700
infoi@icxcoutivemotors. bs
A part of the Automall group AUTO MALL
Arailabia in Grand Bahar of Quelty Auto Sales Freeport), Queens Hany. 252-6122 * Abaco Motor Mall, Don MacKay Bled, 367-16

EXECUTIVE
MOTORS LTD

AUTHORIZED DAIHATSU

war, automa baharmeas.com



GLENN GOMEZ

while the forms ask for a clear
address. With a PO Box we don’t
know how to find you.”

List

However, Ehurd Cunningham,
the Ministry of Finance’s Finan-
cial Secretary, told Tribune Busi-
ness recently that the Ministry
of Finance had a list of every
individual who is owed a rebate,
and would be contacting them

Concerns persist
over auto rebates

at the appropriate time.

Many companies and individ-
uals who went to pick up their
imported cars the day the Prime
Minister revealed the 2010-2011
Budget found they had to pay
an extra 25 per cent on their
vehicle if the engine size topped
2,000 ce.

Many said they had calculated
and budgeted for the original
duty rate and were taken aback
to find it had changed.

However, after meeting with
auto industry officials, Mr Ingra-
ham made amendments to the
duty rate changes, adding a third
tier of engine size and duty rate.

Following representations
made by the Bahamas Motor
Dealers Association (BMDA),
Mr Ingraham introduced a 75
per cent rate for vehicles with
engine capacity between 2,000-
2,500 cc - a move he said would
aid some Honda, Mazda, Ford
and Hyundai models. All those
below 2,000 cc will still pay a 65
per cent duty rate, and those
above 2,500 cc, 85 per cent.

While these changes gave auto
dealers some relief, one motor
dealer told Tribune Business it is
still a "shocker to the system”.

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.

PROCLAMATION



WHEREAS, Eunice Kennedy Shriver, Founder of the Speckal Qlympics Movement and who
exemplties the digrance one person can make in the lives of others, is credited with having inspired
current and emerging leaders to be archilects of purposeful and passionate change;

AND WHEREAS, the Special Olympics World Mowement, currently active in 162 countries
workdwide, racognizes the legacy of Eunice Kennedy Shriver in the develooment of the five key values of
LOVE, JUSTICE, FAITH, HOPE AND COURAGE:

AND WHEREAS. the legacy of Eunice Kennedy Shriver includes her leading efforts in improving
the lives of 200 milion citizens with intelechsal disabilities, 3.4 million Special Olympics. athleles around the
world, including 400 athletes in the Bahamas, and over 500,000 Best Buddies around the world

AND WHEREAS, on Saturday 25 Seplember 2010, under the rallying cry of “Leaf me win, but |
cannot win, lef me be brave in fhe affempt” Soacial Olympics Bahamas will join the worldwide Special

Olympics Movement in the observance of Eunice Kennedy Shriver Day,

AND WHEREAS, in celebration of Eunice Kennedy Shiver Day, a schedule of activites has been
planned to highligh! and cammemorale Eunice Kennedy Shriver's beled in building greater equality through
organized alhletics for fhe inclusion and acceptance of persons with injellectual disabilities, particulary the
more than 200 million persons stil living with diminished opportunities and socal dierespect and who are
often neglecied and hidden away;

NOW, THEREFORE, |, Huber! A. Ingraham, Prime Minister of the Commonwealth of The Bahamas,
do hereby pmclaim Saturday, 26° September, 2010 as “EUNICE KENNEDY SHRIVER DAY 2010" and
celebraled by the local movement SPECIAL OLYMPICS BAHAMAS.

IN WITHESS WHEREGE. | have
hereunto sal my Hand and Seal
ths ny day of September, 2019.



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


THE TRIBUNE



FRIDAY, SEPTEMBER 24, 2010, PAGE 3B



Customs

policy’s

‘crushing
blow’

FROM page 1B

basis for its provision.”

Mr Lowe explained to
Tribune Business that all
GBPA licencees, including
Kelly’s (Freeport), submit-
ted to Customs on the 15th
of each subsequent month
a report on product sales
where duties were post-paid,
something that was totally
different from the informa-
tion now being requested.

“A duty-paid sales report
has always been furnished
as supporting documenta-
tion for a duty-paid sales
entry, along with the remit-
tance of the duty collected,
just as invoices are furnished
with an entry for import
clearance,” Mr Lowe
explained. “The two reports,
duty paid and bonded, are
not the same, and serve dif-
ferent purposes. This is a
new and unprecedented
demand, asking for propri-
etary and confidential busi-
ness information, and fur-
thermore is a new approach
for the audit [of GBPA
licencess] that the Supreme
Court ruled to be unlawful.”

Bonded goods sales is a
practice whereby Freeport-
based wholesalers, such as
Dolly Madison, Kelly’s
(Freeport) and Bellevue
Business Depot, are able to
sell products to other GBPA
licencees for use in their
respective businesses, only
without any duty being paid
to Customs/Government on
their sale. It is a report on
this activity that Customs is
secking, but Mr Lowe said
this has never been required
before.

“It is like a fishing expe-
dition and audit in a differ-
ent form. This is something
new. It doesn’t exist. I don’t
know what’s in it and what
they want. We don’t know
the format of it,” Mr Lowe
told Tribune Business. “This
is another crushing blow to
the legitimate trade.”

He contrasted Customs’
actions with Zhivargo
Laing’s statements to the
WTO last week, in which
the minister, describing the
Bahamas, said that as “a
very open economy it has
long been the policy of the
Government protect the
right of legal entities to
import and export autho-
rized goods without arbi-
trary restrictions”.

“T have an extreme diffi-
culty with his presentation
on behalf of our country in
the face of the current
‘restrictions to trade’ now
being newly imposed by
Bahamas Customs in
Freeport Grand Bahama,”
Mr Lowe said. “Perhaps
representations should be
made to the WTO outlining
the true state of affairs in
respect of internal trade.”

As had been sought under
both his Chamber presiden-
cy and that of Doswell
Coakley’s, he called on Cus-
toms to “come and sit down
with us and hash this out
with some intelligence, not
use brute force and threats”.

And Mr Lowe also
warned that Customs’ policy
of not clearing trailers was
effectively cutting off the
Department’s nose to spite
its face, adding: “If we do
not get our trailers cleared,
our sales will plummet, as
will their revenues.”

Customs Comptroller
Glenn Gomez declined to
go into detail on the matter
when contacted by Tribune
Business yesterday, but sug-
gested that Mr Lowe’s views
did not represent the major-
ity of GBPA licencees.

He also denied that Cus-
toms had said it would
refuse to clear trailers unless
bonded goods sales reports
were submitted, and indi-
cated that it was normal
practice and policy for
GBPA licencees to make
them. When pressed by Tri-
bune Business, he appeared
not to differentiate between
a bonded goods sales report
and post-paid duty sales
report.



BAIC targets $300m
import reduction

By CHESTER ROBARDS
Business Reporter
crobards@tribunemedia.net

THE BAHAMAS Industrial and Agricultural Corpora-
tion (BAIC) has focused its efforts on having Bahamas-
manufactured goods sold in the Straw Market instead of
imports, which drive $300 million out of the country, its
deputy chairman said recently.

This comes on the heels of a federal counterfeit goods
sting in New York involving nine Bahamian straw vendors.

Ronald Darville, speaking at the Abaco Business Outlook,
said manufacturing handicrafts for sale locally is a huge
opportunity to spawn small and medium-sized industries and
capturing millions of dollars spent on imported souvenirs.

“We see it as our
responsibility to not just
continually bring these
opportunities to the atten-
tion of Bahamians but
also to provide incentives
for them to take advan-
tage of them,” said Mr
Darville.

“Thus armed with our
best handicraft trainers,
we have been throughout
the islands instructing
Bahamians in the fine art
of souvenir production,
utilizing basically the
ingredients found in the
local environment.”



“I take note that
the Straw Market
downtown Nassau
is fast nearing com-
pletion,” he said. “It
is our plea to the
Ministry of Tourism
that that facility be
a showcase to the
world of authenti-
cally Bahamian
products, and not
just a replica of
what’s currently
obtained under the
tent.”

Artisans

According to Mr
Darville, hundreds of arti-
sans have already been
trained, handicraft asso-
ciations formed and
national exhibitions held
featuring authentically
Bahamian products.

He added that “indicators” have shown that visitors pre-
fer authentically produced handicrafts, and suggested that
opportunities “abound” for the start-up of small and medi-
um-sized businesses that cater to tourists.

Mr Darville said that when the new Marsh Harbour Farm-
ers Market is complete there will be accommodations for
Abaconian artisans. He pled for the Ministry of Tourism to
use the new Downtown Nassau Straw Market to do the
same.

“T take note that the Straw Market downtown Nassau is
fast nearing completion,” he said.

“It is our plea to the Ministry of Tourism that that facili-
ty be a showcase to the world of authentically Bahamian
products, and not just a replica of what’s currently obtained
under the tent.”

Some National Training Programme participants unveiled
their shell craft at the Bahamas Chamber of Commerce
last month, many of them lauding the initiative for opening
their eyes to the trade and helping them create a business
where they never before thought one existed.

Triple Play provider
eyes extra $6m spend

FROM page 1B

ica by subleasing fibre band-
width to support their ser-
vices.

The company has its dis-
tribution towers on order to
be placed in strategic loca-
tions to service the Abaco
community.

Mr Sumner said the com-
pany has also reopened dis-
cussions with BTC for an
interconnection agreement
that had been shelved for
some time.

The company also has full
approvals from the Utilities
Regulation and Competition
Authority (URCA) that
“allows the company to pro- ,
vide its full suite of services”.

While the bandwidth
demand for the services will
be enormous, Mr Sumner is
sure the network will be able
to allow video services from
the “back office to the
home”, as well as mobile
television and managed tele-
vision, which has been the
main driver of traffic on the
network. “This compelling
service infrastructure must
handle high volume, multi-
cast and uni-cast traffic
while meeting the high
demand required,” he said.

INSIGHT

For the stories



Ronald Darville

ai o ba 393-4002
393-4096

behind the news,
read Insight on Mon-
fe NYE)

Diversiriep Business & Accountinc Ltp.

(Patrick Smith - BICA Licensee Founder)

Presents its

1* Business Seminar on Thursday, October 7, 2010

British Colonial Hilton Hotel (9am -5pm)

"Mi aximizing Your Business Performance

Making IT Work for
Your Bupsicvess
Mark Whitnhouie =
BGC Led.

Financing Your
Business Projects -
Jerome Gamez,

Garner Corp, Mgmt.

Trade & industry
Opportunities =
Mhoolis Relfe, Bah,
Chamber af
Commerce

Registration forms available online at dba-bahamas.co

Building &
Managing: Your
Busieess — Pirtrick
Smith, Oia Led.

HIE-Current lenpacts
& Fubare
Expectations -
Algernon Covgill,
Director of Ao

Business isis Ba
Reality”, Bankers.
Porspective-Hebert
Edwards, Oo

Mobilizing and Maximizing
Your Human Resources =
Yurtte Bethe,
Organizational Soul

n. Also at

Glinton Sweeting O'Brien, Reception Desk (303 Shirley Street-Destinations Bldg.)

Wong

428-3500

Stamp and Printing (Brenda) - Chesapeake Road 393-5506

REGISTRATION FORM

Name:
Title:

Company:

Telephone:

Email:

Registration $125.00 per person

poenee breakfast, lu neh & pane

Call 676-6873 or 397-9072 for additional information.

Sept 24th - Oct 9th, 2010

ala (s Ba

etn we rood 7 ft/eie) ef pi

i ie ny
oul vid FAO Sb te)
AT od

Fad ree em Cali)

NOW OPEN 7AM

REGISTER EARLY - SPACE US LIMITED!



eens aa
=> alt [easa@ala’e

20

¢ Herend Foren teg)
¢ Raynaud Limoges * Dansk

¢ Medard De Noblat * Spode

¢ Noritake ¢ Red Vanilla
¢ Wedgwood ¢ Mikasa

e Lenox oes Remmi



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


PAGE 4B, FRIDAY, SEPTEMBER 24, 2010

THE TRIBUNE





Minister dismisses junk hond' fears

FROM page 1B

that downgrade from Standard &
Poor’s is beginning to show in the bor-
rowing environment.

“If we had to get this money from
the market for Bahamas government
bonds at 7 per cent, that’s a junk bond,
because the 30-year US Treasuries are
paying less than 4 per cent, and the
one-year London Inter-Bank Offering
Rate (LIBOR) is less than 1 per cent.

“So, clearly something out there if
the rates we are now hearing are to be
believed. This is very concerning. We
all ought to be quite concerned about
what’s happening with that debt.”

These concerns were refuted yester-
day, though, by present minister of
state for finance Zhivargo Laing, who
pointed out to Tribune Business that
the Government’s last international
capital market borrowing, the $300 mil-
lion bond issue placed in late 2009, had
attracted the same 7 per cent interest
rate before S&P made its downgrade



ZHIVARGO LAING

move. While the Government would
never have put the $58 million financ-
ing needed for the JFK Drive expan-
sion out to the global markets, as its
relatively small size meant it would
have been difficult to attract investors,
Mr Laing said the 7 per cent rate
obtained prior to the downgrade was
competitive.

“It was the rating itself that was
revised downwards,” Mr Laing
acknowledged. “Obviously, that makes
our money more expensive, but we’re

still investment grade.”

S&P downgraded this nation's long-
term debt from an 'A-' rating to 's',
reflecting the Bahamas’ weakening fis-
cal position. It said the lowering of the
Bahamas’ long-term sovereign credit
rating was directly related to its "dete-
riorating fiscal position".

Meanwhile, Mr Smith yesterday sug-
gested that the Government may have
underestimated the depth and length of
the recession with its decision to fund
deficit spending by borrowing, ques-
tioning whether that was now “an
appropriate policy response to that
debt”.

He also pointed to the fact that the
Bahamas’ total foreign currency debt
stood at $1.139 billion at year-end 2009,
having more than doubled compared
to 2005-year end’s $553.442 million.

This, Mr Smith said, ultimately had
implications for the Bahamas’ foreign
exchange rate, and he added: “If that
doesn’t worry us, I don’t know what
should.”

FROM page 1B

field and competition,” Mr
Sumner said. “Frankly, I
think the deal is going to be
anti-competitive to the mar-
ket. I have similar concerns
about the BTC deal [pri-
vatisation].”

Mr Sumner said he did
not want to comment fur-
ther until IP Solutions Inter-
national’s Board approved
an official company state-
ment, which they were
scheduled to do yesterday
afternoon.

Rival telecoms players
and interested parties have
until October 1 to submit
their comments and con-
cerns about the Cable
Bahamas/SRG tie-up to the
Utilities Regulation & Com-
petition Authority (URCA),
the sector regulator that will
make the determination as
to whether to approve the
merger.

The opposition from rival
telecoms players, especially
smaller ones and start-ups
such as IP Solutions Inter-
national, is both predictable
and understandable, since
they will fear the merged
entity - together with a pri-

WASHERS &

‘Anticompetitive’ fears

over Cable,

vatised BTC - will have
enough market share,
economies of scale and pow-
er to force out all rival oper-
ators. Both Cable
Bahamas/SRG and BTC
have their own infrastruc-
ture and networks, a price-
less advantage, since other
operators will either be
forced to finance their own
or rent/lease from the two
incumbents.

Market observers have
already privately told Tri-
bune Business that Cable
Bahamas’ decision to for-
mally consummate its mar-
riage with SRG, something
that has been in the making
for five-six years, seems to
presume that the Bahamian
communications market will
effectively evolve into a
duopoly, dominated by the
merged entity and BTC at
the expense of all others.

Indeed, Cable Bahamas
has made no secret of its
desire to obtain a cellular
licence when that sector is
opened post-privatisation,

DRYERS

DESIGN &
INNOVATION

The fine line of General Electric appliances found
at Geoffrey Jones are designed to suit your needs,
providing the ultimate in convenience, performance
and style. With the best that technology has to offer,
competitive pricing and a full service department,
Geoffrey Jones is your ultimate appliance centre.

imagination at work GEOFFREY

Sales & Full Service Department
Rosetta & Montgomery Streets

322-2188/9

JONES & CO



SRG merger

something that would fur-
ther a duopoly position if
granted. And, if Cable &
Wireless becomes the pri-
vatisation partner for BTC,
it will bring its video/TV
offering to that company,
positioning the two ‘incum-
bents’ to truly go head-to-
head. Whether this happens
at the expense of increased
competition from rival oper-
ators is likely to weight
heavily in URCA’s deliber-
ations, with the regulator
also having to take into
account whether the
Bahamas’ relatively small
300,000-350,000 population
can sustain more than just
Cable Bahamas/SRG and
BTC.

One source suggested that
Cable Bahamas’ decision to
move now on executing the
call option to acquire SRG
indicated it was extremely
confident that it would pass
all URCA’s Significant Mar-
ket Power (SMP) obliga-
tions in short order.

This requires it to com-
plete the accounting sepa-
ration for all its business
lines, in addition to splitting
off - or unbundling - its cable
TV offering from its Inter-
net business. Anthony But-
ler, Cable Bahamas’ presi-
dent and chief executive,
recently indicated the com-
pany believed it would meet
its obligations shortly.

Another issue URCA was
likely to reflect on, the
source said, was whether

Cable Bahamas had fulfilled
its contractual commitments
to bring its cable TV services
to all Bahamian islands. This
has been a bone of con-
tention in the past, with
Cable Bahamas arguing it
has done the necessary, but
the source said comments
by SRG president, Paul
Hutton-Ashkenny, indicat-
ed this might be achieved
“ass backwards”, as the
BISX-listed firm would be
able to use its new sub-
sidiary’s network to reach
islands that previously were
not commercially viable.

Other responses to the
merger have, to-date, been
noncommittal. Marlon John-
son, BTC’s vice-president of
sales and marketing, told
Tribune Business: “One of
the things BTC has always
gone on record as saying is
that it supports all moves
that enhance competition in
the sector, because it bene-
fits the consumer.

“We want to ensure that
everything is done in accor-
dance with the spirit and
intent of the Communica-
tions Act, the regulations,
Utilities Regulation & Com-
petition Authority (URCA),
and the proper regulatory
criteria.

“Once that is done, we
recognise that the growth of
the market and develop-
ment of the market is some-
thing that benefits all players
in the market, and most
importantly benefits con-
sumers in the market.

“We support the partici-
pation of companies in a
way that certainly benefits
society as a whole.”

NOTICE

FREE SEMINAR!!!

All

members of the Public

Workers’ Co-operative Credit
Union Limited, and the general
public, are invited to attend
a FREE LEGAL SEMINAR,

sponsored by

the Educa-

tion Committee of the Public
Workers’ Co-operative Credit
Union Limited to be held on
Friday, September 24th, 2010,
at the Bahamas Co-operative
League Limited, Russell Road,
Oakes Field (next to Wendy’s),
beginning at 6:00p.m.

Presentations will be made by:

1) Obie Ferguson - on Labour
Law and;

2) Constance Delaney - on
Commercial Law

Plan to attend and
bring a friend!!!

Refreshments will be served.



‘We're begging like children’

FROM page 1B



tion’s (BCA) president, said the organisation was working
hard to get contractors - as opposed to tradesmen - involved
with projects such as Baha Mar’s proposed $2.6 billion Cable
Beach expansion and the $409.5 million Lynden Pindling Inter-
national Airport (LPIA) redevelopment, because little knowl-
edge transfer would take place if Bahamians simply provided
the labour.

To facilitate this, Mr Wrinkle again called for the Govern-
ment to pass the Contractors Bill into law, since it would stop
Bahamian construction companies “begging like children for a
piece of the pie” on these projects through implementing an
internationally-recognised licensing and certification system.

Given the absence of a system that showed Bahamian con-
tractors met international standards, the BCA president said
that in many cases the developers themselves - despite wanti-
ng to hire locally - were prevented from hiring local firms by
their financiers, insurers and bonding companies.

Telling Tribune Business that the BCA was “working very
hard” with the Nassau Airport Development Company (NAD)
to maximise Bahamian contractor participation on the phase
two redevelopment, the renovation of the existing US departure
terminal building, Mr Wrinkle said a major concern was that
LPIA and other major projects would suck labour away from
existing contractors.

“Those contractors may have paid to train those several
thousand workers, but will be left with none if they’ve left us to
work on the airport and Baha Mar, so that is why we’re now
pressing to involve not just the tradesmen but the contractors,
who can bring a whole unit to the table,” Mr Wrinkle explained.

Small contractors, who frequently employed three to five
workers, could be “stuck with no crew”, the BCA president
added, telling this newspaper: “That is the big threat, and why
we’re working so hard with these companies to get the small

contractors involved.”
Retarded

Minimal Bahamian contractor involvement on key invest-
ment projects also retarded this nation’s growth and develop-
ment, he argued, as there would be no knowledge transfer
opportunities and chance for local companies to prove them-
selves.

“Td hate for people to think we’ve been successful if we
have a 75-80 per cent Bahamian workforce on these projects.
That’s just a job. We’ll never grow ourselves to mature status
as a developed country if all we’re doing is providing labour.
There’s no knowledge transfer,” Mr Wrinkle said.

“We have to make sure our contractors have active partici-
pation in these projects. They have to be licensed, trained and
certified. We must get ourselves organised and have working
relationships with them [foreign investors and developers] to
feed those workers into the system. It’s not an easy task for our
side, and not an easy task for their side.”

Bahamian contractors and tradesmen also needed to “rede-
fine” their roles if they were to increasingly work on major, for-
eign direct investment-driven projects, Mr Wrinkle said, some-
thing that would be facilitated by passage of the Contractors
Bill.

“Unless we get this Contractors Bill passed, and interna-
tional developers have some assurance that a contractor or
sub-contractor meets some international requirement, we will
continue to struggle to get a piece of the pie on these pro-
jects,” the BCA president said.

“Developers are bound by criteria from banks, bonding and
insurance companies, and in many cases cannot afford the lux-
ury of hiring someone at their discretion. The Contractors Bill
will stipulate licensing requirements that will be internationally
recognised. The sooner that we get our Bill passed and house
in order, the sooner we will be able to play an active role in the
development of the country.”

Mr Wrinkle said the Bill’s passage into statute would mean
the BCA no longer had to “raise its voice” about getting
Bahamian contractors to participate in major development
projects. “We have to justify ourselves because we do not have
the legislation in place to do that for us,” he added. “In an envi-
ronment such as the Bahamas, where we’re completely reliant
on foreign direct investment projects for economic growth, it is
imperative we enact legislation that ensures maximum Bahami-
an participation.

“There is no way that the Bahamas is going to fund its own
growth; we all recognise the need for foreign direct invest-
ment, but my God, at least pass the legislation to help us get a
piece of the pie. We’re out there begging like children.

“Tf the Government can do its part in passing legislation
and mandating funding from any foreign direct investment
application, we know we’ve got the structure through licensing
to provide quality people to build these projects. It’s not an
insurmountable task, and requires a little commitment on
everyone’s part.”

Julius Bar

Julius Baer Group, the leading dedicated Wealth
Management is seeking candidates for the position of:

RELATIONSHIP MANAGER
(Part time 50%)

CORE RESPONSIBILITIES:

Acquisition of new clients and servicing existing client
relationships with focus on Italian speaking market.
Promote Nassau as financial centre and JB Nassau
as booking centre for offshore clients.

REQUIRED SKILLS:

Excellent Italian verbal and written communication
skill PC literate with strong Excel, Word, PowerPoint
(ability to learn new _~ applications quickly)
A commitment to service excellence

EXPERIENCE:
Minimum 7-10 years experience in Private Banking
or related field

EDUCATION:
A Bachelor’s degree with concentration in Economic,
Business Administration or equivalent.

FOREIGN LANGUAGES:
Must speak English and Italian, a third language
would be an asset

We offer a very competitive compensation and
benefits package, a stimulating work environment
and the opportunity to make a significant contribution
to our business while expanding your career.

Interested candidates should forward a copy of their
resume by September 30th, 2010 to the attention of:

BY HAND :

Personal & Confidential

Human Resources

Ocean Center Montague Foreshore
East Bay Street

P.O. Box N-4890

Nassau, Bahamas

BY MAIL:

Personal & Confidential
Human Resources

P.O. Box N-4890
Nassau, Bahamas



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


THE TRIBUNE

FRIDAY, SEPTEMBER 24, 2010, PAGE 5B



INTERNATIONAL BUSINESS



Lenders win Philly XDI SITTERS Re:

papers auction
with $105M bid



ti
ilz a

(AP Photo/Matt Rourke)
READ ALL ABOUT IT: In this file photograph taken April 28, 2010,
Dave Sexton sells newspapers outside the Philadelphia Inquirer and
Philadelphia Daily News building, left, in Philadelphia. Philadelphia’s
two major newspapers may soon go up for auction again after cred-
itors failed to close on their $139 million purchase by a Tuesday Sept.
14, 2010 deadline.

MARYCLAIRE DALE,
Associated Press Writer
PHILADELPHIA

Secured lenders again won a

NEW YORK

Gold prices traded in record territory
again Thursday as inflation-wary investors
bid prices up near the psychologically
important threshold of $1,300 an ounce,
according to Associated Press.

Gold prices gained $4.20 to settle a
record $1,296.30 an ounce, building on
gains it made after the Federal Reserve
announced Tuesday it might take further
steps to stimulate the economy. Investors
buy gold when they want to protect them-
selves against inflation, and it appears the
Fed's statement stoked fears the dollar's
value will continue to fall.

If gold passes $1,300 an ounce, it will
likely stay above that level for some time,
said CPM Group analyst Carlos Sanchez.

"It's seen technically as a resistance lev-
el," Sanchez said. If gold breaks through
that barrier, investors will feel confident
enough to bid it even higher. "The next
rally could be between $1,320, or $1,330,"
Sanchez said.

Gold prices have nearly doubled since
2008, when an economic panic shook glob-
al credit markets and central banks
responded by flooding currency markets.
Since then, global economic uncertainty
and inflation fears have spurred investors
to shift money from stocks and cash into
gold. Other precious metals also rose. Sil-
ver December contracts gained 15.8 cents
to settle at $21.213 an ounce and copper
gained 2.55 cents to settle at $3.5905 a
pound.

September platinum gained $17.30 to
settle at $1,650.20 a pound while Septem-



(AP Photo/Seth Wenig, file)

ALL THAT GLISTERS: In this file photo taken Nov. 8, 2006, gold bars are on display at the
“Gold” exhibit in the American Museum of Natural History in New York. The price of gold
continues to reach new records, crossing $1,290 an ounce on Thursday, Sept. 22, 2010,

for the first time.

ber palladium gained $15.20 to settle at
$554.85. In other trading, grain prices con-
tinued to sag after last week's run-up.

Corn fell 5.75 cents to $4.9925 a bushel.
December wheat contracts fell 22.5 cents
to settle at $6.9725 a bushel. November
soybeans added 5 cents to settle at $10.935
a bushel. Coffee gained 1.55 cents to settle
at $1.8310 a pound.

Oil prices rose after two reports pro-
vided some hope for the economic recov-
ery strengthening. The Conference Board
said its index of leading economic indica-
tors increased more than expected in
August and the National Association of

Realtors said sales of previously occupied
homes rose 7.6 percent last month after
plummeting in July.

Benchmark oil for November delivery
rose 47 cents to $75.18 a barrel on the
Nymex. In other trading, heating oil rose
0.75 cent to settle at $2.1145 a gallon and
gasoline added 1.60 cents to settle at
$1.9174 a gallon.

Natural gas prices edged higher as
traders kept an eye on a potential tropical
storm that could disrupt Gulf of Mexico
production. Natural gas gained 5.3 cents to
settle at $4.019 per 1,000 cubic feet on the
New York Mercantile Exchange.

bankruptcy auction Thursday
for Philadelphia's two largest
newspapers with a $105 million
cash bid.

Their offer topped an $85
million bid from local philan-
thropist Raymond Perelman for
The Philadelphia Inquirer and
Philadelphia Daily News.

Creditors plan to cut costs by
13 percent across the board, but
have pledged to continue pub-
lishing both newspapers and
hold off on any newsroom lay-
offs for at least one year.

The acrimonious 19-month
bankruptcy has been a roller-
coaster ride for employees,
readers and advertisers, incom-
ing Publisher Greg Osberg said.

"We are hoping we've lifted
a cloud,” said Osberg, who said
the turmoil has been especially
difficult for the company's sev-
eral thousand employees.
"They've been extremely
resilient, extremely patient, but
I think they're eager to move
forward."

Osberg vowed immediate
improvements to the newspa-
pers and a more robust online
presence on the Philly.com
website.

The creditors group includes
the hedge funds Alden Capital
and Angelo Gordon, the latter
of which now owns stakes in
newspapers in Los Angeles,
Chicago, Minneapolis and sev-
eral other US. cities.

The group said it will honor
contracts forged in recent
months with most of the 15
employee unions in Philadel-
phia. But creditors’ lawyer Fred
Hodara said that “all options
are on the open" to the buyers
if they cannot make a deal with
holdout delivery drivers who
refuse to sign because of a dis-
pute over pension issues.

The creditors, known as PN
Purchasers, plan to end contri-
butions to their Teamsters pen-
sion fund and switch the dri-
vers to individual 401k plans.
The drivers have balked.

Other unions have negotiat-
ed various ways to reach the
desired cost savings. Newsroom
employees have agreed to a 2
percent wage cut and 10-day
furlough that amounts to a 6

INTERNATIONAL
BUSINESS

percent drop in pay for the next
three years.

The 93-year-old Perelman, a
city native who made his mon-
ey buying and selling business-
es, said this week that he hoped
to preserve the integrity of the
newspapers he cherishes.

Perelman, whose opening bid
was $50 million, said it did not
make financial sense for him to
push his bid any higher. He
wished the new owners well.

"I feel good that we're out
of bankruptcy,” said outgoing
Publisher Brian Tierney, who
led a group of local investors
who borrowed heavily to buy
the company in 2006 for $515
million. The company filed for
bankruptcy in February 2009.
Tierney fought tenaciously with
creditors during the prolonged
bankruptcy process.

"There's been a certain
amount of rawness over the last
couple of years, especially the
last couple of months. We have
to focus on healing,” he said
Thursday.

Creditors had also won a
spring auction for the company
with a similar bid of $105 mil-
lion cash plus the newspaper
building, valued at about $30
million, and a few million in
costs.

But they walked away from
that $139 million deal over the
stalemate with the drivers’
union.

Chief U.S. District Judge
Stephen Raslavich wants
Thursday's sale to close by mid-
October. The auction is part of
the Tierney group's Chapter 11
reorganization plan. A plan
confirmation hearing is set for
Sept. 30.

Dr. Kendal V.O. Major and staff would like to

Welcome

DR. ALIA P. CAMPBELL DDS

(General Practitioner)
to the practice of Center for Specialized Dentistry
#87 Collins Ave.
Tel: 325-5165

Wishing her success, as she contributes to a healthy
Bahamas and serve the people of our Nation.

“Touching people changing lives”



Ohama pursues currency spat in meeting with China

UNITED NATIONS

President Barack Obama
said Thursday that U.S. coop-
eration with China has helped
ease global financial turmoil,
but behind closed doors he and
Premier Wen Jiabao continued
wrangling over American
charges that China's currency
is undervalued, according to
Associated Press.

AUS. official who was pre-
sent called talks between the
two "positive" and "genuine"
but acknowledged that the cur-
rency dispute was the dominant
issue. U.S. exporters contend
China's yuan is kept artificially
low, giving Chinese companies
an unfair advantage.

In aspeech Wednesday, Wen
denied that — and warned
against letting the issue be
politicized. "There was a





lengthy discussion of the impact
and the politics of the issue,"
said Jeffrey Bader, an Asia
expert on Obama's National
Security Council.

Bader said Wen reiterated
China's intent to gradually
allow the yuan to rise. But Oba-
ma has publicly said that's not
happening fast enough.

The meeting with the Chi-
nese leader came on the side-
lines of the U.N. General
Assembly meeting in New
York. During a brief photo ses-
sion, Obama praised Chinese
leaders for working with the
United States on economic,
nuclear nonproliferation and
Asian security issues.

But, Obama said, "obviously,
we continue to have more work
to do on the economic front."

"It is going to be very impor-
tant for us to have frank dis-

THE COLLEGE OF THE BAHAMAS

Visit our website at www.cob.edu. bs

NOTICE

The deadline for applications for Spring
(January) 2011 admission is
Friday, September 24th, 2010 at 4:00 p.m.
















Applications may be accessed online at
www.cob.edu.bs or collected from the
Office of Admissions, ph: 302-4499/302-4462
or email: admissions@cob.edu.bs

ee

A well established company
in the west in seeking to employ
a maid. All intrested persons
arte asked to call 362-4177/8/9/
Own Transportation a Plus..


















NOTICE

ALFARG), FERRER & RAQIREZ (BAHAEAS) LIMITED

Pursuant % Ge pr

visit of Seaion M4

Comipacies cl, 19902, notice a

bershy piven thet the disotetion of ALPARA, FERRER & HAMIRES (BAHAY AS)

LINOTED tas been compkted, a Letter

Company hes therefore been saruck olf the Register

teoluen wate 89th odo

af Digsvlation bret bee aeaed and. the

The dee: of complstoa off the

Sort ealer 2h

Dated the #779 dep od SRRtEBMET 09,

Se

a

*

Camila Mendez Chitty

Lai

cussions and continue to do
more work cooperatively in
order to achieve the kind of
balance of sustained economic
growth that is so important,"
he said.

Despite intertwined
economies and a growing
dependence on each other in
global diplomatic, environ-
mental and security matters,
Washington and Beijing have
deep differences, especially on
economic and trade policies.
Trade friction has become even
more pronounced ahead of
USS. congressional elections in
November and at a time of high
American unemployment.

In their public comments,
Obama and Wen focused on
the positive.

"Our common interests far
outweigh our differences," Wen
said through an interpreter.

US-China cooperation, Oba-
ma said, is "a critical ingredi-
ent in a whole range of security
issues around the world."

In his Wednesday speech,
Wen saw no link between the
yuan's value and China's trade
advantage over the United
States. The politically sensitive
USS. trade deficit with China
jumped to $26.2 billion in June,
the largest one-month gap since
October 2008.

High End Commercial Real Estate

Multi-Family Lot for sale
Beautiful Westridge Estate North
105 x151 6 plex lot (16170 Sq.Ft.)

Paved Roads All Utilities $219,000.00
Bank Financing Available 5% Down
Tele: 325-1325 / 422-4489 / 477-0200



MEET +350 exhibitors from +27 countries

VISIT 20 international pavilions, offering
unique products and services

NETWORK with 6,000 food and beverage
buyers from 63 countries under one roof

WITNESS the Americas Chef Competition,
where Olympic Chefs try to conquer the

Americas

DON’T MISS the “Taste of Peru’ Pavillion

BENEFIT from aone stop opportunity for
ideas, products and business

Register NOW:
www.americasfoodandbeverage.com

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


THE TRIBUNE

FRIDAY, SEPTEMBER 24, 2010, PAGE 7B



Home sales
On pace to
inish year as
bad as 2009

ALAN ZIBEL,
AP Real Estate Writer
WASHINGTON

This year's home sales are
shaping up to be as dismal as
last year, despite cheap home
prices and mortgage rates that
have fallen to the lowest levels
in decades.

Sales of previously occupied
homes rose last month, but not
enough to keep this summer
from being the slowest for
home sales in more than a
decade. And the year is not
expected to finish much better.

About 3.4 million previously
occupied homes have been sold
in the U.S. through August.
Most experts expect roughly 5
million to be sold through the
entire year. That would be in
line with last year's totals and
just above sales for 2008, the
worst since 1997.

A few even think sales will
fizzle so much this fall that the
year will finish worse than 2008,
when the country was in the
deepest recession since the
Great Depression.

"We don't have great expec-
tations for housing for the
remainder of the year," said
Michael Feroli, an economist
at JPMorgan Chase, who
expects around 5 million homes
will be sold this year. "If you're
not confident (in the economy),
you're not going to be buying a
home."

High unemployment and a
record number of foreclosures
have kept the economy from
gaining strength since the reces-
sion ended. Those factors have
also deterred people from buy-





INTERNATIONAL
BUSINESS

ing homes, with many worried
that home prices have yet to
reach their bottom.

The median sale price last
month was $178,600, up only
0.8 percent from a year ago.
Potential buyers are nervous,
said Eric Matz, a real estate
agent with Coldwell Banker in
the San Diego area.

"Nobody wants to see their
investment go down after they
buy it,” he said. "It's as tough as
I've ever seen it."

Sales of previously occupied
homes did increase 7.6 percent
in August from July to a sea-
sonally adjusted annual rate of
4.13 million, the National Asso-
ciation of Realtors said Thurs-
day. But July's sales were the
worst in a 15 years, making
August the second worst since
1997.

The cheapest mortgage rates
in decades haven't helped. The
average rate on a 30-year fixed
mortgage was unchanged at

Initial claims for
unemployment




Pan

SIGN OF HOPE: In this Sept. 16, 2010 photo, Cotonnon offers

aid rise to 405K

Reed Saxon/AP Photo

’
'

jobs at their store in the downtown shopping district of Santa

Monica, Calif.

CHRISTOPHER S. RUGABER,

AP Economics Writer
WASHINGTON

INTERNATIONAL BUSINESS



(AP Photo/Rich Pedroncelli)

ON THE MARKET: In this photo taken Thursday, Sept. 16, 2010, a short sale home is seen in Sacramento,
Calif. Existing-home sales rose in August following a big correction in July, according to the National Asso-

ciation of Realtors

” fear

aca Pease

7. 966.376-31 1Q—

4.37 percent, mortgage buyer
Freddie Mac said. Earlier this
month, the rate dipped to 4.32
percent, which was the lowest
level on records dating back to
1971.

And unlike last year, this fall
there are no government incen-
tives to encourage home-buy-
ing. Those were offered
throughout most of 2009 before
ending in April of this year.

Incentives

The real estate industry
pushed hard for those incen-
tives, making the case that they
would help the housing market
recover. The Obama adminis-
tration spent $25 billion on the
tax credits. But many econo-
mists say the government sim-
ply encouraged buyers to make



their purchases earlier in the
year.

Moody's Analytics projects
5.17 million homes are likely to
be sold this year. That's about
level with 5.16 million last year
and slightly above 2008's 4.9
million.

Americans bought more than
6 million homes a year from
2003 to 2006, when the hous-
ing market was booming.

Patrick Newport, an econo-
mist with forecasting firm IHS
Global Insight, doesn't see the
housing market returning to
those levels until 2013.

And Newport thinks 2010
will end up as the worst year
since 1997, projecting just 4.79
million homes will be sold. The
weak job market is dampening
sales, he says.

"When they start hiring, peo-
ple will move more, which

WANTED

Bahamas Chest Centre Pharmacy is seeking to fill
the position of a Resigtered Pharmacist

Interested candidates may submit their resumes to
the attention of:

Director, Bahamas Chest Centre Pharmacy
72 Collins Avenue, P.O. Box N-4296
Nassau Bahamas
Tel: 356-6666
Fax: 356-6680
Only qualified applicants will be short listed for
consideration.

PUBLIC NOTICE

INTENT TO CHANGE NAME BY DEED POLL

The Publicis hereby advised that|, FRITZ NEFFRARD
of P.O.Box N10606, intend to change my name to
FRITZ NELFRARD. If there are any objections to this
change of name by Deed Poll, you may write such
objections to the Chief Passport Officer, PO.Box
N-742, Nassau, Bahamas no later than thirty (80)
days after the date of publication of this notice.

ROYAL FIDELITY

Money an ierk

means more homes will sell,"
he said. Foreclosures have hurt
the market by pulling down
prices. About 2.5 million homes
have been lost to foreclosure
since the recession started in
December 2007, according to
RealtyTrac Inc. And another
3.3 million homes could be lost
to foreclosure or distressed sale
over the next four years,
according to Moody's Analyt-
ics. That means buyers have
tons of properties to choose
from and don't need to hurry.

Even those who want to buy
are trying to weed through
dozens of properties that are
often in bad shape.

And buyers often face delays
even when they do make an
offer.

Valkyrie Barnett, 27, of Seat-
tle, and her husband have been
on the home hunt for five
months. They've seen as many
as six houses a week, but most
have been foreclosures with
severe damage.

They put in an offer on one
property in June, but haven't
gotten a reply. The home is a
so-called short sale — one in
which the bank agrees to let a
home sell for less than what the
borrower owes on the mort-
gage. Those sales often take
months to complete.

While she'd prefer to buy a
home soon, Barnett says time is
on her side. "I don't feel super
rushed," she said.

Stocks erase
losses on modest
rise in home sales

STEPHEN BERNARD,
AP Business Writer
NEW YORK

Stocks erased early losses
Thursday after slightly better
news on U.S. home sales and
leading indicators offset con-
cerns about Europe's economy
and a jump in unemployment
claims. Market indexes inched
higher in midday trading after a
gauge of future economic activ-
ity rose modestly and home
sales climbed from 15-year lows
in August. Stocks had fallen
sharply at the opening after
claims for unemployment ben-
efits jumped unexpectedly last
week and new signs emerged
of a slowdown in Europe.

The Dow Jones industrial
average rose 15 points in mid-
day trading after being down
as much as 94 shortly after the
opening bell. Investors hoping
to avoid risk continued to pile
into Treasurys, sending inter-
est rates lower.

Healthy

Thursday's turnaround “real-
ly shows we have healthy senti-
ment," said Anthony Chan,
chief economist at J.P. Morgan
Private Wealth Management.
"It shows the market can ignore
some bad news if it's somewhat
balanced with encouraging
data."

The National Association of
Realtors said sales of previous-
ly occupied homes rose 7.6 per-
cent last month after plummet-
ing in July. The rebound was
encouraging, but volume
remains weak and August was
still the second-worst month for
sales in more than a decade.
Some analysts are hopeful that
home sales have bottomed out.

Chan said expectations for
the housing market were "so
dire” that any signs of growth is
considered positive.

The Conference Board, a pri-
vate research group, said its
index of leading economic indi-
cators increased more than
expected in August. The gauge
is designed to predict future
growth, so a jump in the index
means the economy will likely
continue to expand in the com-
ing months.

PUBLIC NOTICE

INTENT TO CHANGE NAME BY DEED POLL

The Public is hereb
SAMUEL KNOWLES o
Palm Shores on

advised that |, STEPHEN
the Settlement of Bahama
Island of Abaco, Bahamas,

intend to eae my name to STEPHEN SAMUEL

McKENZIE. If t

ere are an

objections to this

change of name by Deed Poll, you may write such
objections to the Chief Passport Officer, PO.Box
N-742, Nassau, Bahamas no later than thirty (30)
days after the date of publication of this notice.

NOTICE

NOTICE is hereby given that WISLET BELIZAIRE of 863 Flat
Shoals Rd Conyers, Ga 30094, is applying to the Minister
responsible for Nationality and Citizenship, for registration/
naturalization as a citizen of The Bahamas, and that any
person who knows any reason why registration/naturalization
should not be granted, should send a written and signed
statement of the facts within twenty-eight days from the 24%
day of September, 2010 to the Minister responsible for
nationality and Citizenship, P.O. Box N-7147, Nassau, Bahamas.

crAL

% EJ FG CAPITAL MARKETS
cS BROKERAGE & ADVISORY SERVICES
E

creer ca wT AT.

BISX LISTED & TRADED SECURITIES AS OF:

The tally of newly laid-off U.S. workers requesting unemploy- Sb el eg Se a eres

ment benefits rose last week for the first time in five weeks as the
job market remains sluggish.
Initial claims for jobless aid rose by 12,000 to a seasonally adjust-

BISX ALL SHARE INDEX: CLOSE 1,500.50 | CHG -0.03 | %CHG 0.00 | YTD -64.88 | YTD % -4.14
FINDEX: CLOSE 000.00 | YTD 00.00% | 2009 -12.31%
WWW.BISXBAHAMAS.COM | TELEPHONE:242-323-2330 | FACSIMILE: 242-323-2320

: | 52wk-Low Securit y Previous Close Today's Close Change Daily Vol. EPS $ Div $
ed 465,000, the Labor Department said Thursday. Many economists ; 7.00 AML Foods Limited TOT T-O7 0.00 0-250
7 B 9.67 Bahamas Property Fund 10.63 10.63 0.00 0.013
had expected a flat reading or small drop. ‘ 4.50 Bank of Bahamas 4.90 4.90 0.00 0.598
The rise suggests that jobs remain scarce and some companies : SE ee a cis ace aoe Soe ee
7 7 7 7 i+7 7 . 2.14 Fidelity Bank 2.17 2.17 0.00 0.016
are still cutting workers amid weak economic growth. Initial claims Y eS NEldely Ban sale ale 8 oe
have fallen from a recent spike above a half-million last month. But - 2.50 Colina Holdings 2.50 2.50 0.00 0.781
. i 5.40 Commonwealth Bank (S1) 6.28 6.28 0.00 0.422
they have been stuck above 450,000 for most of this year. ! 1.63 Consolidated Water BDRs 1.84 1.84 -0.03 0.114
é . * . soe s 1.60 Doctor's H: ital 1.90 1.90 0.00 0.199
"What's becoming increasing clear is that this isn't a normal S94 Famguard 6.07 6.07 0.00 -0.008
recovery," said Dan Greenhaus, chief economic strategist at Miller : Yo TU ea lth a so aaa ae oak
" ' 7 7 7 a 3.75 F 1 (S) 5.46 5.46 0.00 0.366
Tabak. "There's little we can do to create jobs until demand ; Fee CO at eens ae Fae ie oaee
returns, and demand isn't returning. . 5.00 ICD Utilities 5.59 5.59 0.00 0.012
9.92 J. S. Johnson 9.92 9.92 0.00 0.883

10.00 Premier Real Estate 10.00 10.00 0.00

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

Security Symbol Last Sale Change Daily Vol. Interest

Bahamas Note 6.95 (2029) BAH29 99.46 6.95%
Fidelity Bank Note 17 (Series A) + FBB17 100.00 7%
Fidelity Bank Note 22 (Series B) + FBB22 100.00 Prime + 1.75%
Fidelity Bank Note 13 (Series C) + FBB13 100.00 i! 7%
Fidelity Bank Note 15 (Series D) + FBB15 100.00 0.00 Prime + 1.75%

Separately, the National Association of Realtors said sales of pre- 0.355
viously occupied homes rose 7.6 percent in August from July, to a
seasonally adjusted annual rate of 4.13 million. Still, it was the sec-
ond-worst month for sales in more than a decade. July was the

worst month for sales in 15 years, a factor unchanged by a slight-

52wk-Hi 52wk-Low
20 November 2029
19 October 2017
19 October 2022
30 May 2013

29 May 2015

ly upward revision. And the Conference Board, a private research RoyalFidélity Merchant Bank & Trust Ltd) (Over-The-Gounter Securities)
-
group, said its index of leading economic indicators rose modest- wie oe eee a Aske SS oe

0.001 0.000

ly in August, more evidence that the economy will keep growing : NO olin as RSE ies ESTs eS
at a slow pace through the fall. 29.00 ABDAB , 31.59 29.00
Jobless claims typically fall below 400,000 when hiring is robust See Deere cr erate ease
and the economy is growing. SERB ene Nas av
The four-week average of claims, a less volatile measure, CFAL MSI Preferred Fund 2.9115
declined by 3,250 to 463,250. That's the lowest level since the end Royal eldcine Banames & 2 beoA
of July, but down by only 4,000 since January. joa.sese
Initial claims, while volatile, are considered a real-time snapshot Coa
of the job market. The weekly claims figures are considered a 088
measure of the pace of layoffs and an indication of companies’ will-
ingness to hire.
New requests for jobless benefits have fallen sharply since June
2009, the month the recession ended. They topped 600,000 at the
end of that month. But most of the decline took place last year.
Economic growth has slowed considerably in recent months, and
many employers are reluctant to add new employees. The econo-
my grew at a 1.6 percent annual rate in the second quarter, an ane-
mic pace that isn't fast enough to reduce the jobless rate, now at 9.6
percent. Growth in the current July-September quarter isn't expect-
ed to be much faster.

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

4.540
0.002

0.000
0.000

YTD%
3.59%
0.85%
3.02%
-8.16%
0.46%
5.20%
-1.52%
3.43%
2.51%
3.37%

NAV 3MTH NAV 6MTH
1.452500
2.906205

1.518097

52wk-Low
1.4005
2.8266
1.4920

Last 12 Months %
6.42%
0.23%
4.36%
-7.49%
2.40%
7.60%
3.56%
5.28%
6.10%
5.64%

2.926483
1.533976

31-Aug-10
10-Sep-10
2.8522 Royal Fidelity Bahamas G & | Fund
13.0484 Royal Fidelity Prime Income Fund
101.6693 CFAL Global Bond Fund
93.1998 CFAL Global Equity Fund
1.0000 FG Financial Preferred Income Fund
1.0000 FG Financial Growth Fund
1.0000 FG Financial Diversified Fund
9.1005 Royal Fidelity Bah Int'l Investment Fund Principal
Protected

31-Aug-10
31-Aug-10
107.570620 30-Jun-10

105.779543

103.987340
101.725415 30-Jun-10
31-Aug-10
31-Aug-10
31-Aug-10
9.5955 2.71%

5.96% 31-Jul-10

10.0000

Investment Fund Principal
S 2 10.3734
Investment Fund Principal
s 3 9.1708 -8.29%
7.5827 -1.74%
MARKET TERMS
YIELD - last 12 month dividends divided by closing price
Li:

-3.69% 3.38% 31-Jul-10
9.1708
-8.29% 31-Aug-10

4.8105 31-Aug-10

r daily volume

NAV - Net Asset Value
N/M - Not Meanin ful
FINDEX - The Fidelity Bahamas Stock Index. January 1, 1994 = 100

traded today
the last 12 months
P/E - Closing price divided by the last 12 month earnin gs
KS) - 4-for-1 Stock Split - Effective Date 8/8/2007
KS1) - S-for-1 Stock Split - Effective Date 7/11/2007
TO TRADE CALL: CFAL 242-502-7010 | ROYALFIDELITY 242-356-7764 | FG CAPITAL MARKETS 242-396-4000 | COLONIAL 242-502-7525


PAGE 8B, FRIDAY, SEPTEMBER 24, 2010

THE TRIBUNE



Philadelphia
becomes largest
US city with casino

JOANN LOVIGLIO,
Associated Press Writer
PATRICK WALTERS,
Associated Press Writer
PHILADELPHIA

Philadelphia took the title
Thursday of largest USS. city
with a casino when Pennsylva-
nia's 10th gambling hall opened
despite years of community
protests and delays.

SugarHouse Casino drew a
raucous crowd of well over a
thousand people to the
Delaware River waterfront.
They waited in the heat more
than an hour, some chanting
"Let us in," before the doors
opened and they got a chance
to play among the 1,600 slot
machines and 40 table games.

A string band entertained
and a Benjamin Franklin looka-
like — led by a fife-and-drum
corps and flanked by two show-
girls clad in feathers and
sequins — presented executives
with a ceremonial key to the
casino.

"SugarHouse is the place to
be in Philadelphia," said Gen-
eral Manager Wendy Hamil-
ton. "Our doors are open."

Lawmakers and officials, in
brief remarks before the open-
ing, praised the creation of
some 900 jobs and other eco-
nomic benefits that came with
the project.

The casino conducted test
runs of the games on Monday
and Wednesday, with the pro-
ceeds going to charity, before

THE WEATHER REPORT ae

hm tHe



INTERNATIONAL
BUSINESS

the Pennsylvania Gaming Con-
trol Board gave it permission
to open. The business pushes
Philadelphia (population 1.55
million) past Detroit (popula-
tion 910,000) to become the
nation's largest city with casino
gambling.

Traffic was snarled outside
the casino and the parking lot
was full as gamblers came by
car, by bus and by taxi to try
their luck.

"I feel it. Today's going to
be a good day. I'm going to win
something,” said Lucinda
Clark, 70, as she sat down at a
John Wayne-themed slot
machine. "This is a beautiful
place and it's a good thing for
the city."

Board Chairman Gregory
Fajt said he was excited about
finally getting SugarHouse off
the ground after all the delays,

INTERNATIONAL shh eSS




LINING UP: People
wait in line for the
opening of the Sugar-
House Casino in
Philadelphia, Thurs-
day, Sept. 23, 2010.
The City of Brotherly
Love became the
largest U.S. city with a
casino Thursday when
the SugarHouse Casi-
no opened its doors
after years of commu-
_| nity protests and
delays.

Matt Rourke/AP Photo

SPLASHING THE CASH: People gamble at the newly opened SugarHouse Casino in Philadelphia, Thursday, Sept. 23, 2010.

caused mainly by litigation
from community protesters,
government agencies and dis-
gruntled bidders.

"There was a lot of litigation
in Philadelphia that we did not
have in other parts of the
state,” Fajt said. "The public
has to understand that these
delays were not the result of
the developer getting cold
feet.”

The protesters haven't gone
away. The grass-roots group
Casino-Free Philadelphia held
an opening day protest and
plans more as it tries to hurt

business at the facility in the
city's Fishtown/Northern Lib-
erties neighborhood.

Members gathered outside
SugarHouse before the grand
opening and unveiled a mural
depicting how they think the
waterfront should look — with-
out a casino. The mural was
drawn by children who live in
the neighborhood and included
images of gardens and play-
grounds.

Now that the casino has
opened, the group plans to have
volunteers regularly patrol the
area in search of problems such

as alcohol violations or kids
being left in cars while their
parents gamble — in hopes of
shutting down SugarHouse,
said group spokesman Dan
Hajdo. The status of a second
casino planned for Philadelphia
remains in flux.

The Pennsylvania Gaming
Control Board's enforcement
division is working to revoke
the license it issued to Fox-
woods, which doesn't have the
money to build right now,
board spokesman Richard
McGarvey said. Foxwoods has
faced daily fines since failing to

meet a December deadline to
provide information about its
financing, design and construc-
tion. But for now, state officials
say they're happy to be mov-
ing forward with at least one
Philadelphia casino.

So far, casinos have generat-
ed $4.3 billion in tax revenue
across the state, with about 60
percent of that going to prop-
erty and wage tax reductions,
Fajt said. In Philadelphia, the
city will get 4 percent of Sugar-
House's gross revenue.

"It's going to be a real bene-
fit to the city," he said.

INSURANCE MANAGEMENT
(BAHAMAS) LIMITED

INSURANCE BROKERS & AGENTS

UV Inoex Tooar

Â¥

| GF |

HIGH

Sone san, tat a Wied y
ps mibbs bowery

High: a7"
Lowa: 7

o|1|2/3
Law als ii

a ete he dee ewtbe: EY fede ret be
panies fhe seed for apa ged chin proiectoce

1d CS By 5u8
Hom po crbie

High: ar"
Lowe: 74"

porns

_ High: 87°
Low: 77 Lowe: 74° Tibes FoR Wassau

Party surery, 2 couple bawdy, i Chak ard sen, a
Low: Fi*
= jt
ad deveica a0 tm ba oe : ying tai sifecu © “7 a poreaes beets. Tereperane kos eeiieat rie ag mrad Pte howe bor chee chy

tions f-starre breery sicwer: besa;
EF Tr F [
1 2 iech oF

High: 90°
oe oa
a + }
= me L eel lew pera oe ee Th

-r F ar -ie F -r" &

pithiure erm b nih me teraty. chet Sao pe a3

Tran ot am

Eid pm

fated 1S am
Bea pn

ALMANAC

Slat oe ae oe Ma ee 2 op, yee Qiian

LM pi

ah
—~ ahr —
WF High
1+ kreats ‘i z= mm -_ breathe biget
= WEST PALM BEACH

ice red ira
High: 37" FSi" G
low. 77 asc

fitanm
iG pon

FREEPORT
BT FC
Loew: 73" FES"

= ia cals

Morre! sear fo chide 345 NT

AccuWeather.com

Formiees and prance proved fy
une Bcc Mewther, Salt
0-20 kate aa" i : mT

Te Lead

Gentian ESS avin
Ennael . Tald pur

Meaarae
Moavict

120 knots

High: 30° Faz" €
2 tethers

12-25 ieee

Soran 1s

today’s weather Temperatuess are today's —

” igttamed ecighiets bie —— tC. i A P

CEU ae ected pee a lg V

_ on
T#-23 knots

= & 2
-

3 Cape Hatteras
‘Chariotie * Highs: s6°Fa0°c
Highs: s2°F33°C

Charneston

Highs: 0° Fia2°c
* Savannah
Highs: $0" JFiaz'c

*, % & > & & +

* & -

“a5 Shows is today’s op
waster Tempershires

are bodlay's highs and

bonight's kava.

Allanta #*
Highs: s2°Faa°c

Pensacola)
Highs: BS FS2"C

Berreucha
Highs: 62°F 28°C

Law 74" AS"C
<<
Â¥

16-25 knerts

Ce
Ade ae a we a
Ch eae or

eo
oe ie Bes
ae ee

+ ay igi oe Fe

we we ee F

i oy
- *
Highs: g1°Fraa-c "Ty
Cozumel Santlage de-Cubea
Highs: SFa2"C Highs: 87° FY31°C
Port-au-Prince
rion « San Juan
Highs, aa,F/34°C e Highs: ae F/Sa° cee
Santa Aunt
Qua
at Deminge Highs: SI°RS2"C
. Highs. BS" Fa0°C

eRe E

MARINE FORECAST

~_2 =e %

Se a SVE VEMGILITY ‘WATER TEMPS.

ale eee,

Barback
Highs: arnaice
Trinitad

*

tae el oe ea a
aa oe a ao
Fee Oe ee oe
ee iB, or

aw it
eed

a
re ty

OA a

2 ee ee a A
+e Pee Te ee Oe

ci

FAP SET EE
r+
ae

ae oe Bly ee ae at
eee we

a OF ee a a |

ote trees
om ree
meen
eo a ae
Fee

ee

INSURANCE MANAGEMENT

(BAHAMAS) LIMITED. INSURANCE BROKERS & AGENTS

fi

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


THE TRIBUNE





D’ARCY RAHMING



YS ———_



FRIDAY,

THE Bahamas Judo Federation
(BJF) will be sending a team to the
Juvenile Pan Am Championships in
Panama on October 2.

The team (SEE page 10) was select-
ed based on members meeting certain
physical and technical criteria, their
participation in an intensive summer
training camp, and their tournament
results in the Bahamas Open in

SPORTS
r |

SEPTEMBER 24,



—

2010

August.

The team is preparing by training 20
hours per week under the watchful
eyes of BJF coach and president D’Ar-
cy Rahming.

The team consists of 11-year-old
Elaina Cuffy of Eastwood Judo, Tajaro
Hudson, 13, of Western Judo Jujitsu,
11-year-old Artio McPhee of All Star
Family Judo and Andrew Munnings,





11, of All Star Family Judo.

"I want to bring home the gold,”
says Andrew, who will be fighting in his
first international tournament outside
the Bahamas.

Rahming said the team has trained
very hard for the championships. "The
kids have trained very hard for this,”
said Rahming. "This will be quite an
experience for them. We are not con-

Stern advises
Arenas to stay
mum on gun

conviction...
See page 11

Judo Federation sending team to Pan Am Championships

cerned with winning or losing at this
stage, just competing well.”

The BJF has began the development
process that is used by other countries
for producing Olympic champions. This
requires athletes to begin serious train-
ing for international competitions by
the age of 11. For further information
or to sponsor future athletes, please
contact the BJF at 364-6773.

Falcons fly over Big Red Machine

FLYIN’ IN: A Jordan Prince Williams Falcons
player slides to get on base yesterday during
the first game of the Bahamas Association of
Independent Secondary Schools junior boys’
softball season. The Falcons came from behind to
defeat the defending champions St Augustine’s
College Big Red Machine at home 15-13.






By BRENT STUBBS
Senior Sports Reporter
bstubbs@tribunemedia.net

he Jordan Prince Williams Falcons

rode into St Augustine’s College Big

Red Machine territory and put a dent

in the Bahamas Association of Inde-
pendent Secondary Schools’ junior boys’ softball
season.

In the season opener for both teams yesterday
at SAC, the Falcons came from behind to fly
past the defending champions Big Red Machine
15-13 in a game that had a whole lot of thrills
and spills.

“Tt was a game that could have gone either
way. We are just glad that we came out with
the victory,” said Falcons’ coach Dave Wood as
Jordan Prince Williams beat their Catholic arch-
rivals for the first time since he joined the Bap-
tist school three years ago.

Tied at 5-5 going into the top of the fourth, the
Falcons managed to surge ahead with three
unearned runs. But that was short lived as the
Big Red Machine rolled back with eight runs on
six hits in the bottom of the frame.

In that frame, Wood argued with the plate
umpire after an out-of-bounds play that should
have only allowed the runners to take one base.
Tt ended up with SAC scoring two runs as they
went on to take a 13-8 advantage.

Refusing to “roll over and play dead,” Wood
gathered his Jordan Prince Williams squad and

taey 100k Inallers ar One hands a5 they Nominate them today for the Sir Gerald Cash National Distinguished Teachers’ Awards!
responded in the fifth with seven runs on six

hits. ce ‘ 2 Fill out a nomination form today available at: www.fidelitygroup.com/ndta
In the rally, Rizzano Russell came through Winners will receive: $1000 & will be inducted into the NDTA Hall of Fame!
with a two-out RBI double and Tray Gilbert

SEE page 10

/
i"



Felipé Major/Tribune staff

Do you know that your
favourite teacher can

$1000!

NATIONAL DISTINGUISHED
TEACHERS’ AWARDS

Nominations close on October 15”, 2010

Presented by:

QUIEEY cxscSnGumn. The Tribune

‘ABLE BAHAMAS

For further information you may email us at:

NDTA@fidelitybahamas.com



eo
rhe

Haste)
Tet ee



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


PAGE 10, FRIDAY, SEPTEMBER 24, 2010



TRIBUNE SPORTS

LOCAL SPORTS



Judo highliights

TEAM BAHAMAS: Shown (I-r) are Elaina Cuffy, Artio McPhee, Andrew Munnings and Tajaro Hudson with
Bahamas Judo Federation (BJF) president and coach D’Arcy Rahming. The BJF will be sending the team
off to the Juvenile Pan Am Championships in Panama. SEE story on page 13



IN TRAINING: Thirteen-year-old Tajaro Hudson (also /eft and top eft), trains for the Juvenile Pan Am Championships set for October 2.

Falcons fly over Big Red Machine

FROM page 13

followed with a run-producing double.

After Litanique Kemp walked and Rashad
Rolle drove in Gilbert with his RBI single,
Wood made a key substitution at the plate
when he brought in Malik Inniss to pinch hit for
Ashton Munroe.

All Inniss did was rip a shot up the middle
that enabled both Kemp and Rolle to score.
They went on to bat around the clock with
Shannon Mark driving in Inniss with the final
run as they took a 15-13 lead.

In the bottom of the frame, Wood, who had
switched starting pitcher Rashad Rolle with
shortstop Rizzano Russell in the fourth, came
back with Rolle on the mound.

And after taking a brief break, Rolle walked
Schamal Forbes, got Kwame Adderley to pop
up and after Ramon Hart was walked, right
fielder Othneil Lightbourne made the catch of
the game with his bare left hand to rob SAC’s
T’Angelo Cargill of a hit.

Rolle then grounded Miguel Bowe’s
grounder and flipped it to Tray Gilbert at first
for the final out as the Falcons celebrated.

“We just dug down deep and after we started
to score the runs, we got some timely hits,”
Wood said. “Once we started to hit, I knew
that we had a chance to win. It was a big win for
us. It was a good win.”

SAC, who got a big two-run in-the-park
home run from Myron Johnson in the first, saw
Shannon Johnson go the distance for the loss.

Coach John Todd said while it was a disap-
pointing loss, it was not one for them to feel that
bad about.

“It’s a young team, but they played well. The
guys were a little nervous,” Todd said.

“This is a different team from last year. The
guys fell a sleep when we took the lead. We
made too many mental errors. But I expect
that as the season progresses, we will get better.
We are the defending champions and when the
playoffs roll around, we will be right there. This
is just a thorn in our side. But we will be okay.”

It was the second day of the BAISS softball
season and the second loss for SAC at home.
On opening day Wednesday, the Big Red
Machine’s senior boys lost to the Nassau Chris-
tian Academy Saints.

5 pe pee
ig

PURE COD ma

SI

[UCOSAMINE Fi
Jp - ey oll

pe Ay .

FTC uaaeae an Ta
aa ;



Photos by Felipé Major/Tribune staff



PLAY ACTION: Jordan Prince Williams Falcons and St Augustine’s College Big Red Machine players in
action yesterday during the first game of the Bahamas Association of Independent Secondary Schools
junior boys’ softball season. The Falcons came from behind to defeat the defending champions SAC at
home 15-13.



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