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.

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

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

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Full Text
PAGE 2, TUESDAY, JANUARY 30, 2007

Some steps towards cleaning

THE TRIBUNE



up Bahamian political process

TRIBUNE edito-

rial last week
quoted someone as saying
that Bahamian voters have
to be weaned away from
the idea that every five
years is a one-day bonanza
for them as they figure out
what they can get out of a
candidate for themselves.

The Tribune was com-
menting on a suggestion by
Foreign Affairs and Public
Service Minister Fred
Mitchell, who had earlier
suggested that both parties
get together to put a cap on
election spending. This is a
good idea but not a new
one. It usually comes up
around election time but is
quickly forgotten after-
wards.

It is too late to do any-
thing for this year’s election
but perhaps the time has
come for both parties to
agree to do something soon
after to control election
spending.

That would be a good
thing for the parties, for
politicians and for the coun-
try. -
As if to underline the
seriousness of the problem,
independent Member of
Parliament for South
Andros Whitney Bastian
made the astonishing





- POINT





admission that in the run-
up to the last election —
1999 to 2002 — he spent one
million dollars!

That is utterly obscene
and the best that can be
said about it is that Mr Bas-
tian was honest in confirm-
ing what some people
might have regarded as
wild and: extravagant
rumours about his spend-
ing in connection with the

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cy.

He told radio talk show
host Wendall Jones that he
does not intend to spend
such a substantial amount
of money this time around.
It is a pity that Mr Jones
did not press him for details
about how he spent such an
amount in the first place.

here are two

aspects of the prob-
lem of election campaign
spending in The Bahamas.
The first was referred to by
The Tribune’s contributor,
and that is the corrupt prac-
tice of buying votes; the
second is the skyrocketing
cost of paraphernalia.

We have come a long way
from the days of the torn
five pound note and rum
and flour politicking in The
Bahamas, but we still have
a way to go in cleansing the
political culture of rem-
nants of the paternalistic
and dependency syndrome
which have survived the
bad old days.

Today, an honest politi-

cian can fall back on the

laws that are already on the
books when he is asked to
buy votes and to participate
in other corrupt practices.
He can simply say that it is

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against the law.

What is not so easy is
where to draw the line in
the case of compassion
competition when a candi-
date can be approached for
all kinds of things, including
money for the electricity
bill, making a mortgage
payment to save someone’s

Nowadays, there are

some persons with two cars’

in the garage who, instead
of contributing to this wor-
thy effort, expect the can-
didate to give them ham
and turkey as well. Some
well-off representatives
have expanded on this by
distributing in their con-

a

“We have come a long way

from the days of the torn five
und note and rum and flour

politicking in The Bahamas,
but we still have a way to go
in cleansing the political
culture of remnants of the
paternalistic and dependency
syndrome which have
survived the bad old days.”

Farr Naa

house and other more inge-
nious appeals.

In this contest, the candi-
date or representative who
may be an excellent repre-
sentative, but not wealthy,
is at a distinct disadvantage;
and that is not good for our
democracy. One such
decent politician was ruined
in the compassion competi-
tion following the 1956 gen-
eral election.

There are, of course, gen-
uine cases of need when
any compassionate human
being - politician or not - is
moved to lend assistance.
But both political parties

must agree to root out the

paternalistic concept of
politician as personal
banker, employment agent
and primary source of char-
ity.

Perhaps it is time to

review and strengthen the
laws against vote-buying
and other corrupt practices.
Clearly it is time for the
parties to control year-
round gift-giving and to put
caps even on legitimate
expenditures in an election
campaign.
* There was a time when
candidates and representa-
tives were expected, with
help from contributors, to
seek out deserving persons
in their constituencies for
gifts of ham and turkey at
Christmas time. |



‘OPM:



ADAP DWE
neo

stituencies Valentine’s Day
chocolates, Mothers Day
Flowers and Easter eggs!

It is wonderful to be liv-
ing in a beautiful archipel-
agic country like. The
Bahamas but it is expensive
to provide public facilities
and services to a dozen
islands with many scattered
settlements, as well as a
large number of populated
cays.

o, too, the cost of
campaigning in the
Family Islands is extremely
high. Travel by air, sea and

land, and accommodations -

are expensive and in some
cases the price goes up at
election time. All these are
legitimate expenses; but
what does not make sense
is the skyrocketing cost of
competition in election
paraphernalia.

It used to be that the par-
ties would print and dis-
tribute T-shirts that cost a
few dollars to their work-
ers, but now they compete
with expensive cotton golf
shirts that are distributed
throughout the constituen-
cies. And some voters want
the shirts of both parties to
wear after an election,
depending on who wins!

So, relatively big money
is required in Bahamian
elections and that raises the
worrying question about
how the parties are
financed.

The substantial individ-
ual contributor will, per-
haps, always be needed, but
political leaders must work
to develop a culture in
which citizens contribute to
their party of choice rather
than encouraging people to
look to the party for hand-
outs.

It is not likely that we
have reached the level of
maturity where substantial
Bahamian contributors will

feel comfortable having
their names publicly
revealed. There is still too
much of the old poison in
our system that leads to vic-
timisation.

But something must cer-
tainly be done about super
rich foreign individuals and
companies who may be
tempted to subvert the
course of Bahamian poli-
tics for their own benefit.

The PLP was embar-
rassed after the last elec-
tion when it was revealed
that one such foreigner
made what must have been
the biggest contribution of
all time from one source to
a Bahamian political party
— the figure varies from $3
million to $10 million. And
this gentleman obviously
had a clear and specific
objective in mind.

he parties may con-

sider whether it is
feasible to ban foreigners
altogether from contribut-
ing to our political parties.
An alternative would be to
establish a fund to which
foreigners who are inter-
ested in promoting Bahami-
an democracy and stability
can contribute. The money
can be distributed on the
basis of votes won at the
previous election.

There is another matter
that does not relate to elec-
tion campaigning but which
the parties may discuss with
a view to laying down some
ground rules or even enact-
ing laws.

It has to do with what
elected representatives
should or should not accept
for their personal benefit
from individuals and com-
panies doing business in
The Bahamas, especially
foreign entities.

Sometimes it is difficult
for a politician to refuse a
courtesy extended with
good intentions, but the
line should be drawn some-
where so he can refuse an
especially generous cour-
tesy without giving insult.

Unfortunately, there are
persistent and credible
reports of some Bahamian
politicians who not only
accept reasonable unso-
licited courtesies but actu-
ally demand valuable con-
siderations such as free
access to hotel rooms,
restaurants, health spas and
golf courses.

If the political parties
would take a serious look”
at all these matters after the
next election, and agree a
code of conduct for their
candidates and elected rep-
resentatives, then we would
have made a giant stride
forward in cleaning up,
even ennobling, Bahamian.
politics and public life.

arthurfoulkes@hotmail.com

bahamapundit.typepad.com





THE TRIBUNE

TUESDAY, JANUARY 30, 2007, PAGE 3





In brief —

The FNM will -
launch new
website today

THE Free National
Movement is launching its
new “powerful and state of
the art” official party web-
site today.

The new website will fea-
ture 39 of the party’s 40
candidates selected to con-
test the upcoming general
election.

FNM Leader Hubert
Ingraham said: “The FNM
is committed to openness
and transparency about its
policies and plans for the
Bahamian people, and is at
the same time committed
to using the most modern
tools necessary to reach a
broad cross section of ©
Bahamians.

“With more and more
Bahamians accessing infor-
mation through the World
Wide Web, it makes good
sense for our party to pro-
vide for Bahamians and
indeed the world, an easy
to use and comprehensive
vehicle to communicate
who we are, what we
accomplished as a govern-
ment, and what we will do
for the Bahamian people in
the near future and
beyond.

Trust

“We trust Bahamians
with the information they
need and deserve to have,
and our new website is
another important step in
showing the Bahamian
people that they can trust
us to empower them with
the facts,” Mr Ingraham
said.

Features on the new
FNM website —
http://www.freenational-
movement.org — include:

e Meet your candidate
page — featuring pho-
tographs and biographies
of the FNM’s election can-
didates.

e News and events pages
— providing regularly
updated statements by the
FNM and party leader
Hubert Ingraham, as well
as full campaign rally cov-
erage, and a calendar of
party events

e Political.issues page —
detailing the FNM’s posi-
tion on a range of political
issues from education and
healthcare, to crime, the
environment, Family Island
development and more

¢ Multimedia and photo
gallery pages — providing
sight and sound coverage
of FNM rallies and other
party events

‘Users can subscribe by
email to weekly newsletters
issued through the web-
site’s eNews section, and
the new site dedicates
space through its con-
stituencies page to news
and events from FNM can-
didates.

The party said in a state-
ment that the website also
enables the party to display
the views and opinions of
everyday Bahamians
through its People’s Voice
page.

“The FNM website
devotes an extensive sec-
tion to issues. Results of
focus groups and national
surveys defined the
content of this important
segment of the new party
website.

“Primary among the
needs of Bahamians is the
desire for an effective and
accountable government
capable of the efficient
delivery of services. The
FNM believe that the pre-
sent government has failed
miserably in this regard,”
the party said.

“Having shrouded it's
business in secrecy, the
government has failed to
adequately address a wide
range of issues pressing on
the minds of the Bahamian
electorate; matters that
include illegal immigration,
access to land and land use,
education and skills train-
ing, access to affordable
health care, assurance of
personal safety and the
transformation of our econ-
omy into a modern, more
efficient, and technologi-
cally savvy system.”

‘No govt member involved’ in
alleged firing of three men



“No government member,
including me, the
representative for
Mayaguana, has never,
and will never, get involved
in the company's policy
of hiring or termination.”



Minister of Consumer Affairs and Local
Government Alfred Gray

& By ALISON LOWE
Tribune Staff Reporter

NO CABINET minister in
the Christie administration
was involved in the alleged
decision by a development
company in Mayaguana to
fire three men for being FNM
supporters, Minister of Con-
sumer Affairs and Local Gov-
ernment Alfred Gray said
yesterday.

Mr Gray was responding to
an article in yesterday's Tri-
bune in which Dion Foulkes,
the FNM candidate for
Mayaguana, claimed that a
member of the government

5 may have been influencing

the Group company.

"No government member,
including me, the represen-
tative for Mayaguana, has
never, and will never, get
involved in the company's
policy of hiring or termina-
tion," said Mr Gray, who is
the PLP representative for

the Mayaguana, Inagua, Cat
Island, Acklins and Long Cay
(MICAL) district.

"A company must be free
to hire or terminate in accor-
dance with its needs and no
government minister in the
Christie administration would
stoop that low — only FNMs
do things like that," he said.

Edison Brooks, 25, Tecoyo
“CJ” Brooks, 21, and Trevor
Collie, 34 are claiming vic-
timisation after they were all
told this month that there was
no more work for them on
the I Group mega investment
project.

They were dismissed with
no notice or pay, it is alleged.

According to Edison
Brooks, his dismissal came
after he refused a demand by
his project manager to greet
prime minister Mr Perry
Christie at the airport wear-
ing a PLP T-shirt on January
20.

Shortly before the visit, Mr



Brooks said he had joked that
if he drove the PM "he would
drop in every hole in the road
so he could see how bad the
road is.”

These two statements,
along with the fact that he
was known to be an active
FNM member, led to his dis-
missal, he believes, especially
as he had never had any
problems with the company
before.

‘According to Brooks,
when he returned to work the
following Monday after the
PM's visit, on January 22, Mr
Ramadan McKenzie, the res-
ident project manager, said
there was no work for him.

Mr Foulkes is calling on I-
Group and the government —
which is a 50 per cent part-
ner in the 10,000 acre devel-
opment — to ensure the three
men are immediately rein-
stated and paid compensation
for lost salary and unfair and
wrongful dismissal.

Lawyer claims baggage handlers
should stand trial here if evidence
was collected in the Bahamas

| lBy KARIN HERIG

Tribune Staff Reporter

ing offence.”

’ “In my view, if this is an alleged offence



IF THE evidence to be used in a US court

‘against the five NFS baggage handlers was

collected in the Bahamas, then the accused
drug traffickers must stand trial in the
Bahamas, it was claimed yesterday.

Lawyer and activist Fayne Thompson
made the statement while urging Minister
of Foreign Affairs Fred Mitchell to advise his
government to lodge an official protest with
the US State Department and demand the
return of the five men.

“Tf there are alleged tapes and witnesses of
offences at Lynden Pindling International
Airport, then these boys must be prosecuted
in the Bahamas, they must be returned to
the Bahamas to face prosecution.

“If that is in fact the truth then a protest
should be lodged at the State Department,
the requisite department,” he said.

Speaking as a guest on More94’s show Real
Talk yesterday morning, Mr Thompson said
that if the alleged offence of drug trafficking
originated in the Bahamas and continued in
the US, then it would constitute a “continu-

-(which) began in the Bahamas then clearly

there is a basis upon we can have them
charged in the Bahamas.

“Any lawyer worth their salt will tell you
that upon a close forensic examination of
this case they have to be charged in the
Bahamas at some stage,” he said.

Mr Thompson said he is confident that
Prime Minister Perry Christie would have
put a stop to the five Nassau Flight Services
employees being taken to the US if he had
known about the matter.

He added that he knows of no Bahamian
politician who would have allowed “such
nonsense.” ,

However, he said, it is now time to apply
for the return of the men, “as a matter of
course.’

According to information released by the
US Embassy, the baggage handlers had been
under surveillance for over a year before
they were arrested last December and
charged with reportedly smuggling illicit
drugs on local and international flights out of
the Lynden Pindling International Airport.

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PAGE 4, TUESDAY, JANUARY 30, 2007





The Tribune Limited

EDITORIAL/LETTERS TO THE EDITOR

Western Hemisphere

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 1972-1991



EILEEN DUPUCH CARRON, C.M.G., M.S., B.A., LL.B.

Publisher/Editor 1972-

v

Published Daily Monday to Saturday

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

ee TELEPHONES
Switchboard (News, Circulation and Advertising) 322-1986
Advertising Manager - (242) 502-2352
Circulation Department - (242) 502-2387
Nassau Fax: - (242) 328-2398
Freeport, Grand Bahama: 1-(242)-352-6608

FACT: A doctor in this country interrupts a
patient, on average, in the first 18 seconds of a
visit. ‘

A prominent surgeon waited about a minute

‘and a half before issuing his diagnosis. to Jerome
Groopman on his damaged hand. “He was dead
wrong,” says Groopman, who got four diagnoses
from six surgeons. “And these are big names.”

Fact: Over 15 per cent — some say over 20 per
cent — of medical diagnoses are wrong. At least
half result in serious injury or death.

Groopman tells of a woman who saw close to
30 doctors for a constellation of ailments that
gradually sapped the life out of her. She endured
excruciating pain and was down to 85 pounds.
Her immune system was failing and she had
developed severe osteoporosis. All of them
missed what was ailing her.

Finally, a fresh doctor asked a fresh set of
questions. He listened to her and found that she

’ suffered from a gluten allergy that prevented
her from receiving the nutrients in the food she
ate. After years of agony, she quickly recovered.

Fact: Over a quarter of all radiological tests,
including CAT scans and MRIs, are misread.
“Misdiagnoses are not rare at all,” says Groop-
man, the noted oncologist and chief of experi-
mental medicine at the Beth Israel Deaconess
Medical Centre, who assembled this data.

While the patient safety movement has led to
major improvements in protocols to avoid. sys-
tems errors, he points out, nothing has been
done to address a more profound issue: how
doctors think. And bad thinking is what causes
countless mistakes. “No one talks about this
stuff,” says Groopman. PES aed

He is struck by the lack of independent think-
ing among the residents he leads on hospital
rounds. “These are really smart people, and
when asked for a diagnosis they download cook-
book recipes on their computers,” he explains.

' “Tf it’s not that, they look blankly. How do I
teach them how to think? I realized I didn’t
know how I think. No one ever taught me how to
think.”

Groopman addresses this touchy subject in a
book, “How Doctors Think,” due out this spring.
In it are examples of bad thinking, including
plenty of his own, that produced harrowing
results: None of this is news to patients. Most of
us. know someone who has endured a misdiag-
nosis or have done so ourselves. My friend Bar-
bara went through a year of agony because of
one.

Groopman’s first child developed a persistent
low-grade fever and stomach pain at nine
months. A doctor said not to worry, it’s just a

. virus. The child’s condition deteriorated, but the

doctor remained unmoved. Eventually, Groop-

Responsibilities:

e Preparation of monthly financial statements.
e Reconciliation of general ledger accounts.

e Preparation of work papers for auditors.

e Report directly to Financial Controller.

Qualifications:

e Three years work experience in a similar position.
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e Ability to work with minimal supervision.









Benefits:

Salary is based on skills and experience. Other
benefits include health insurance and pension.

H.R. Manager
PO. Box N-4036
Nassau, Bahamas

Fax to: (242) 364-6084

Freeport fax: (242) 352-9348

First, do no assuming

POSITION AVAILABLE

ACCOUNTANT

All interested accountants should mail their resumes to:




man and his wife rushed their son to an emer-
gency room, where they learned the child had an
intestinal obstruction that would have killed him
had it gone untreated.

What went wrong here?-The doctor sized up
Groopman and his wife as neurotic first-time
parents and built his diagnosis around that
premise. At work, says Groopman, were two
suspects common in these nightmares.

The first is what he calls anchoring — where a
doctor interrupts you, seizes on a symptom or
complaint, and declares, “It’s this.” This snap
judgment anchors all ensuing thinking. The sec-
ond he calls attribution, to which women are
particularly vulnerable, where assumptions about
a patient are attributed to bad data.

Groopman tells of a woman with a newborn
child and two young children who complained
about constant nausea and diarrhoea. “The doc-
tor looked at her and decided it was stress, that
she was neurotic,” says Groopman. “So he attrib-

utes all of her complaints to the stereotype he has .

in his mind. I saw her a few months ago. She
had been diagnosed with a tumour in her intes-

_ tine but had been taking Zoloft for a year and a

half.”

Time is an insidious agent in all this. “In
today’s medical environment, the clinic is a fac-
tory,” he says. “It’s a world of eight-minute vis-
its. The mistakes are made in the moment. Doc-
tors draw immediate diagnoses rather than listen
and pursue leads. And when complaints persist,
they all too often cling to their first thought and
even discount contradictory evidence.

“It’s impossible to figure out a difficult prob-
lem in eight minutes,” he continues. “A doctor
has one eye on the clock and one eye on a com-
puter screen as he types notes. The truth is, you
can’t think well in haste.

“There is no generic best treatment to a seri-
ous problem,” he says: “We delude ourselves to
think the answer is the systems solution — ‘We'll
give you.an algorithm: if it’s A then B then C.’
You're got to know what A is in the first place.”

Many in the medical community will bristle at
Groopman’s findings. Others will recognize the
truth in what he says and, with luck, a few of the
bean counters controlling medicine today as
well. They can’t dismiss the book. It is meticu-
lously researched and written by a physician of
stature. -

“My argument is the solution for misdiagnosis
is a patient or family member who knows how
doctors think,” says Groopman.

,So what should we be asking our doctors, over
and over?

“What else could it be?”

— Sam Allis - Boston Globe






















THE TRIBUNE

Travel Initiative

EDITOR, The Tribune.

IN LIGHT of continuing
misleading reports circulating
within the Bahamian media
concerning the implementa-
tion of the Western Hemi-
sphere Travel. Initiative
(WHTI), I wanted to reem-
phasize to the travelling public
and all those associated with
the travel industry in The
Bahamas that the WHTI
remains in effect. It has been
in full effect since it came into
force on January 23rd. As a
result of this new rule, all citi-
zens of the United States,
Canada, Mexico, and Bermu-
da must now present a valid

‘passport when entering the

United States. This rule, which
brings the Western Hemi-
sphere in line with travel doc-
umentation requirements else-
where in the world, will great-

ly strengthen border security.

Contrary to media reports,
no waiver of this rule.has been
granted or is currently being
contemplated.

The United States recog-
nized that implementation of
this rule represented a major
change in procedures for the
travelling public. As a result,
the Department of Homeland
Security in its planning for this
transition advised Customs
and Border Protection Offi-
cers worldwide to adopt a flex-
ible, commonsense approach
to ensure that travel is not dis-
rupted and potential hardships
to the travelling public are
minimized. Customs and Bor-
der Protection had previously
indicated to airlines that they
will provide ample notice
before moving to more rigor-
ous enforcement of the new
documentation requirements.

~ Jam pleased to note that in
its first week in force, the
WHTI results have been
impressive. Our Customs and
Border Protection: Office in
Nassau reported nearly full
compliance among American
travellers passing through the
Pre-Clearance facility.

This success is a result of
extensive efforts to get the
word out to the travelling pub-
lic. I applaud the efforts of
the Bahamas Ministry of
Tourism andthe Bahamas

Hotel Association, both of

which took initiative early on
to raise awareness of this new
requirement among American
travellers. I also applaud the
government's efforts in work-
ing with me last year to shift
the initial implementation
date from January 2006 to
January 2007. This, too, con-



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tributed to our ability to
inform the public and prepare
for the smooth transition that
we witnessed this past week.
To reiterate, the WHTI is
now in full effect and trav-
ellers should abide by its pass-
port requirements to ensure
smooth, unhindered travel to
the U.S. To prevent delay at

remains in full effect

age all travellers to obtain the
appropriate documents before
they travel. I hope this helps
clarify any confusion that may
have arisen in recent days
regarding United States' entry
requirements under the West-
ern Hemisphere Travel Ini-
tiative.

JOHN DARRELL ROOD
American Ambassador,
US Embassy,

Nassau,

January 29, 2007.

the ports of entry, we encour-

Sad state of affairs at
Marsh Harbour Airport

EDITOR, The Tribune

FIFTY years ago the transition from landing on the sea by
amphibious aircraft to landing on land was made by landing on
the new airport, just a few miles to the south of the small settlement
im Marsh Harbour. This was an historic moment for Abaco, as it
would make air travel from Nassau, and to the United States, much
easier.

After the first small hotel, The New Plymouth Inn, was opened in
Green Turtle Cay, in 1954, the tourist business began to develop,
and from that day it has continued.

The first small terminal building at the Marsh Harbour Airport.
was soon overwhelmed and it was necessary to byild.a new and.
much larger one. When the present terminal building was com-
pleted, it was already considered too small.

Today, because of poor planning, we have a sad state of affairs

_at the airport. All you have to do is take a look for yourself, and you

will see. Congestion, bad parking, lack of control.

The airport runway, 5,000 feet long, certainly needs a facelift, is
in very poor condition, with many rough patches, and some serious
sink holes, about 1,500 feet from the west end. A sink hole is sim-
ilar to those that you see on the highway, when you are cruising
along about 60mph when you suddenly get catapulted into the air
when you did not see it coming.

Now you have some idea what it would be like if you are landing
on the Marsh Harbour Airport in your nice new jet, and should run
into one of those sink holes. These are important items that should
be fixed without delay.

Marsh Harbour Airport has more landings per day than any
other airport in the Bahamas other than Nassau International. This
in itself tells you how important Abaco is becoming. Yet, the airport
does not have a control tower. This is shocking, when you think of
how many international flights there are coming into this area dai-
ly. lam surprised that the US authorities allow this to happen.

What is really needed is a new runway, at least 7,000. feet long,
just to the south of the present one, and angled in a south-easterly,
or whatever, direction that would make it possible to lengthen
when and if necessary to 10,000 or 11,000 feet to accommodate the
very large jets that are now able to land at Nassau International.

There is no question that one day this will happen. Abaco is a
much larger island than Nassau, and has great potential for future
development. ;

My son Robert was taught to fly here at the Marsh Harbour air-,
port, by me, 32 years ago. He has been flying full-time all his life. He
has been flying jets for US Airways for over 20 years. At present, he
is flying Airbus A321, which carry about 180-190 passengers. ‘They
need about 7,000 feet of runway. The runway does not have tda.be
the same angles that we presently have at Marsh Harbour. They can
land these aircraft with crosswinds up to 30 knots. In Nassau, the»
long runway is 140/32, 11,018 ft.

Marsh Harbour Airport should have a gated entrance, with a
guard on duty at all times. This could easily be done, by putting the
gate at the eastern entrance.

The airport should be completely fenced in.

Charge for parking, this would help to cut the costs of mainte-
nance. ‘

_ I hope this information will be accepted by the authorities as good
advice, in good faith, so that they will do something about this
matter, before we run into very serious problems at the airport.

We need to plan ahead to be able to keep up with developments
in Abaco. After all, Abaco sends the treasury a lot of money every
year.

COLYN L REES
_ Marsh Harbour,
Abaco.






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THE TRIBUNE

TUESDAY, JANUARY 30, 2007, PAGE 5



: LOCALNEWS | |



Boy, 17,
charged in
connection
with number
of serious
offences

@ By DENISE MAYCOCK
Tribune Freeport Reporter

FREEPORT — A 17-year-
old boy was charged in
Freeport Magistrate’s Court
yesterday in connection with a
number of serious offences.

The accused was charged in
court two before Magistrate
Subu LaSalle with armed rob-
bery, housebreaking, stealing,
receiving, and making threats
of death.

It is allegéd that the juvenile
committed the offences
between January 17 and 23,
2007 while at Freeport, Grand
Bahama.

Magistrate LaSalle adjourned
the matter to March 8 when a
Juvenile Panel will be con-
vened.

The boy was remanded into
custody until that time.

MAN CHARGED

Michael Darling, 27, of
Epsom Road, Mayfield Park,
pleaded not guilty in Magis-
trate’s Court to possession of
an unlicensed firearm and
ammunition.

It is alleged that on January
24, Darling-was found in pos-
session of a .9mm semi-auto-
matic pistol while riding a bicy-
cle in the Garden Villas area.

He was not required to plead
to the charges, and was granted
$5,000 bail with one surety.

Magistrate Helen Jones
adjourned the matter to July
24.

Simeon Brown represented
Darling.

HIGH SPEED CHASE
ENDS IN ARREST. |

A police chase of a suspected
stolen vehicle ended in a car
crash in Freeport and the arrest
of a 34-year-old man.

According Superintendent
Basil Rahming, mobile patrol
officers were in pursuit of a
white 1999 Dodge Stratus going
south along Frobisher Drive on
Friday.

The vehicle sped across a
stop sign at Adventurer’s Way
and collided with a gold-
coloured 2000 Chevy Malibu,
driven by Joan Adderley, 35,
of Grenada Avenue.

Both vehicles were badly
damaged, but neither driver
sustained any visible injuries in
the accident, Supt Rahming
reported.

He said police apprehended a
suspect, and retrieved from the
vehicle two cameras along with
a bag, which were suspected of
being stolen.

mes
MULES

FOR PEST PROBLEMS
PHONE: 322-2157



stop or start its work just because a
ceneral election is being called’

@ By ALEXANDRIO MORLEY
Tribune Staff Reporter

TRANSPORT and Aviation
Minister Glenys Hanna-Martin
denied that the government’s
plan to spend millions of dol-
lars on the refurbishment of
Family Island airports is moti-
vated by the fact that a general
election must be called this year.

“The Department of Avia-.

tion does not stop or start its
work just because a general
election is being called,” she
said.

According to Mrs Hanna-
Martin, the Ministry of Works
and the Ministry of Transport
have now agreed the final plans
for the refurbishment of the
Marsh Harbour Airport, which
is to include the redevelopment
of the terminal, the creation of a
parallel runway and the exten-

Man accused of making false declaration to US officer



@ GLENYS HANNA-MARTIN

sion and resurfacing of the run-
way.

The terminal building is to be
increased from 10,811 square
feet to 20,536 square feet and



B@ CHARGED — Freydoun Chamanara outside court Monday






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the runway extended from 5,000
feet to 6,100 feet. The total cost
of these works amount to some
$13.8 million,” explained Mrs
Hanna-Martin.

She said bidding on the pro-
ject is to begin next month.

The minister told reporters
that the Department of Civil
Aviation is also studying the
feasibility of a 19-seater aircraft
servicing the Stella Maris Air-
port in Long Island.

“I am pleased to announce
that additional rehabilitative
works are to be undertaken at
Stella Maris Airport to create
additional apron space which
will increase the capacity of the
aerodrome permitting it to
accommodate a Dash-8 aircraft,
and I am advised that the con-
tractor is to be mobilised short-
ly to commence these apron
works,” she said.

A 65-year-old American man
appeared in a Nassau Street
court yesterday accused of fail-
ing to declare that he had in his
possession $134,000 in US cur-
rency and $8,200 in Euros while
attempting to travel to the Unit-
ed States.

Freydoun Chamanara of
Chicago was arraigned in court
11 before Magistrate Susan
Sylvester.

It was alleged on Friday, Jan-
uary 26, that Chamanara made a
false declaration to a US officer
by claiming that he was not car-
rying into the US currency in
excess of $10,000, despite know-
ing that he was in possession of
more.

Chamanara was also charged

with failing.to make a declara-:

AAA

AE

Mrs Hanna-Martin said that
government has installed solar-
powered runway lights on
numerous Family Islands.

These lights, she said, have
already been installed at Man-
grove Cay and Congo Town in
Andros; on Moore’s Island and
Sandy Point in Abaco; Crooked
Island and Acklins; on Bimini;
on Great Harbour Cay; and in
New Bight and Arthur’s Town,
Cat Island.

She added that there are
plans to use the solar lights on
Inagua, Ragged Island, Farm-
ers Cay, Staniel Cay, Black
Point in Exuma and Long
Island.

The minister claimed that at
the end of the exercise, every
government-owned airport
would have emergency light sys-
tems on its runways.

She also announced plans for

tion to an officer of the United
States.

Chamanara, who was repre-

sented attorney Craig Butler,
pleaded not guilty to both
charges and was. granted $20,000
cash bail.

Butler told the court that his
client was a restaurant owner,
was battling stomach cancer and
had no matters pending before
the US courts.

Bail was granted on the

premise that it was to be paid in
full before the accused’s release

and must be accompanied by a.

letter from a doctor as well as

proof that he is not wanted in

the US on criminal charges.
The case was adjourned to

‘ April 19 for a preliminary .
inquiry. - i svhlw atlas





a

‘16:00: Bahamas Outlook: Predictions



the redevelopment of the Exu-
ma International Airport, and
claimed that government has
acquired three additional fire
vehicles for Abaco and
Eleuthera and two vehicles for
San Salvador — at a total cost
of $2.6 million.

Asked whether she was con-
cerned the opposition FNM
would accuse the government
of using the airport upgrades as
political mileage for the upcom-
ing general election, Mrs Han-
na-Martin said the upgrades
were “Jong overdue.”

WR R REE uuts

‘TUESDAY, -
JANUARY 30

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THE TRIBUNE

TUESDAY, JANUARY 30, 2007, PAGE 7



LOCAL NEWS



Dr Coakley sworn
in as new Senator

FORMER President of the
Grand Bahama Chamber of
Commerce Dr Doswell Coak-
ley was sworn in as a govern-
ment member of the Senate
yesterday.

His appointment follows the
resignation of former senator
Damien Gomez, who is set to
become a Supreme Court
judge.

Dr Coakley, who joined the
Royal Bahamas Police Force
in 1966, said that the influence
of former commissioner of
police Bernard K Bonamy and
former prime minister Sir
Lynden Pindling were impor-
tant factors in his political suc-
cess.

“It is ironic therefore that
almost 41 years to the day

since joining the police forces’

Prime Minister Christie would
emerge as my political coach
and cause my appointment to
the senate,” Dr Coakley said:

The new senator said he
plans to address the needs of
the people of the High Rock
constituency — whom he
intends to soon represent in

the halls of parliament.
According to Dr Coakley,
the economic situation in
High Rock is unfortunately
tied to “the saga of Freeport”.

“We want to extricate our-

selves from that city’s woes,
and cultivate our own identity
and initiatives, so as to take
advantage of the many exist-
ing opportunities and poten-
tial that exists in the area,” he
said. “The residents of the
High Rock constituericy are
tired of the lack of represen-
tation. They are tired of being
overlooked, and are looking
for a new direction.”

Despite the economic fall-
out caused by the three major
hurricanes that struck Grand
Bahama in the last few years,
the Chamber of Commerce
increased its membership by
almost 50 per cent.

Dr Coakely served as cham-
ber president during this time.

“Grand Bahama needs
direct government interven-
tion, if we are to take the
island towards its full poten-
tial,” he said.

Rotary Club donates $25,000
to YMTA hurricane restoration

§ By DENISE MAYCOCK
Tribune Freeport Reporter



@ LEFT: Dr Doswell Coakley with his wife at his appointment ceremony yesterday and (right) with Prime Minister Perry Christie

(Photos: Ana Bianca Marin)



we're closed for business.
on Friday, February 2

Our offices will be closed
on Friday, February 2 for our
Annual Awards Day.

All offices will re-open for business ;
as usual on Monday, February 5.



FREEPORT - The Rotary Club of Freeport, through the assis-
tance of Rotary International and District 6990, presented $25,000 to et : ; .
the YMTA to assist with ongoing hurricane restoration at its commu- , :
nity centre in Hunters.

Rotary Club president Mike Stafford encouraged corporate citizens
in Grand Bahama to lend further assistance to the YMTA for the ,
development of a much needed sports field that will cater to young peo- : :
ple in the area.

During Rotary’s weekly luncheon meeting last Thursday, Mr
Stafford turned over the $25,000 cheque to Simon Lewis, an executive
member of the Young Men’s Training Association. .

He explained that the Rotary Club of Freeport applied to the
Finance and Procedure Committee of Rotary District 6990 requesting
funds to further assist YMTA in its repairs.

“Rotary has a special fund called the Robbins Fund which is ear-
marked for disaster relief and monies from the fund are available for
restoration projects from natural disasters.

“The vote from the F and P Committee was unanimous in favour of
supporting this (building restoration) project,” Mr Stafford said. -

“T should point out, though, that none of these funds are for the
(sports) field. We still need to find those funds elsewhere.”

The YMTA’s centre was destroyed by Hurricane Wilma in 2005.

The determination of a group of men, who were committed to

. restoring the badly damaged centre on their own, caught the attention
of Rotary Club members who visited the area daily to deliver relief sup
plies to residents in the area. Ag
Mr Stafford said The Rotary Clubs of Nassau teamed up with B | H Ith
_International Rescue and flew a Cessna Caravan back and forth from a Nama! Cd
Nassau with food, water and baby supnlies, pre-packaged by the Nas- PES JS 8,8 Dichst08 f HAMAS M ALTER ENS
sau Rotarians. ‘ 2

International Rescue flew a helicopter and co-ordinated the mission
from the air.

The three Rotary Clubs of Grand Bahama’s Disaster Response
Team, he said, distributed the supplies daily into all of the affected areas

INSURANCE
COMPANY



and communities which were so badly devastated.

“A few days afterwards, during our clubs Community Needs Assess-
ment, we stumbled upon a building on the sea side which was pretty
much demolished. I stopped, and got out with a bag of food and water
to give to the few men who were busy cleaning up the mess.

“To my surprise, I was informed that in fact this was not a residence
but a Community Centre called the Young Men’s Training Association
or YMTA...A few days later I happened past the YMTA again and
spoke with a group of guys still working on the building. I foun out that
they were trying to put the centre back together because it was the only
place in the community where people could meet, hold functions and
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PAGE 8, TUESDAY, JANUARY 30, 2007 THE TRIBUNE

- Northwestern

district spellers
are buzzing

SCHOOLS across the Bahamas have been preparing their stu-
dents since the beginning of the semester for this year’s National
Spelling Bee.

“The winner of this competition will represent the Bahamas in the
Scripps National Spelling Bee in Washington DC.

~ And there are 36 students in the North Western District prepar-
ing themselves for a preliminary spell-off during the district spelling
bee which will be held at BCPOU Hall on January 31 at 10am.

- The winner will represent the district in the National Spelling Bee.
“= The words chosen for the competition have come from lan- °
guages all around the world.
~» Asa result, the North Western District has chosen as its theme
éDiscover the world through spelling”.

“The students who will take part come from two junior high
schools and seven primary schools within the district, including:
Albury Sayle Primary, CC Sweeting Junior High, Gambier Pri-

















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“ More students will appear in tomorrow’s edition of The Tri-

Bune.
=





















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THE TRIBUNE

FROM page one

write to Housing Minister Neville
Wisdom this week to suggest the
suspension.

He said that these individuals
are in an influential position and
could blackmail contractors into
not giving evidence against them
for the very same reason that they
were in a position to extract
bribes from them — because, he
alleged, they have the ability to
determine whether contractors
continue to get work from the
ministry.

According to the contractor,
Detective Sergeant Harris Cash
— one of the two officers in
charge of the investigation —
contacted him about two weeks
ago and he confirmed that he had
been one of those who had pro-
vided The Tribune with informa-
tion.

After laying out his claims, he
said Sgt Cash told him that he
had been given very similar infor-

Global warming claim

FROM page one

A group of 500 scientists met in Paris yesterday for the
week-long editing process of a long-awaited new wide-
ranging report on the world’s climate change.

The report is expected to give exact information on how
fast the world is warming and how serious it is.

Chairman of the Intergovernmental Panel on Climate
Change (IPCC) Rajendra Pachauri told international
media that world governments should heed this report
and agree to immediate action to do all in their power to

halt the trend of global warming.

A draft of the report is due to be released this Friday.

Observers said that the report is expected to give a
grim warning of continued temperature rises between
now and 2100, and that they expect that debate may arise
over how much sea levels are rising.

UN experts have in the past predicted that sea levels
will rise by 35 inches in the next 13 years.

Low lying island states like the Bahamas are expected
to suffer the most if global warming continues due to
increased amounts of carbon dioxide and other green-

house gases

However, early drafts of the new document foresee
smaller sea level rises than the. last report,,in 2001, but
many world-renowned scientists reject the new figures, say-
ing they are not new enough because they do not include

TUESDAY, JANUARY 30, 2007, PAGE 9

Contractor

mation by a number of contrac-
tors.

"He asked me if I knew about
any unethical behaviour going on
and I told him'yes...there is cor-
ruption and stealing going on
over there," he said.

"I want to do my best to gett
some justice over there for the
people, and expose those people
who are not doing what they sup-
posed to do."

However, the contractor
expressed some reservations
about the pending outcome of the
investigation.

"I can trust the police to a
point, but we're asking govern-
ment to investigate government,”
he said.

"This is politician season right
now, you know, and I've heard
ministers saying that others were
paying off people to get votes.
You never know who knows who,
you never know who has been

promised promotion — that's the
thing — and it does happen in
our country." :

"We can't be naive — we know
that things happened which
should not have happened, that's
why we're in the position we are
now — trying to get rid of the
corruption," he said.

The builder — who told The
Tribune before that contractors
have had to cut corners on build-
ing work because of the kickbacks
they are forced to pay some offi-
cials — feels that the number of
complaints that have been made
about low-cost government hous-
ing so far by their new owners is
significant evidence that wrong-
doing is taking place.

"People are having problems



- with their houses, and that has to

tell you in itself that something
is wrong. People walk in and
there's immediately a problem —
some things are not done so there
has to be some kind of a kick-
back situation going on," he
claimed.

Harbour would

have to be dredged

for ‘mega ship’

SENIOR executives from a Norwegian
cruise line met with Prime Minister Perry
Christie yesterday to discuss the need for
Nassau Harbour to be dredged if their soon-
to-be-introduced 50U0 passenger cruise ships
are to-call at the port

President and CEO of Norwegian cruise

line Colin Vietch explained that the com-
pany hopes to introduce a new fleet of ships
- which will include the 5000 capacity mega
ship - by 2009.

However, the alterations to the harbour

would have to be made before they could

count Nassau as one of their destinations.
Mr Christie told the executives that the

dredging issue is already being looked into.
“Just one of those ships will dramatically

increase the cruise visitors annually to our

the recent melt-off of big ice sheets in Greenland and said.

Antarctica.

FROM page one

try to talk about trust. But can
you imagine the FNM running an
ad that the PLP can’t be trusted
when all you have to do is ask
Tommy Turnquest if he can trust
Hubert Ingraham,” he said.

Mr Mitchell even implied that °

at the FNM rally a week earlier,
there were no. Fox Hillians pre-
sent.

“When you looked around that
crowd, the one Fox Hill person
there was the one PLP who they
have borrowed from us. In fact,
they had to reintroduce their can-
didate to Fox Hill because no one
really knows her here in Fox Hill.
What Fox Hill knows about her is
that she and her family are PLPs.
So the FNM yet again had to look
to a PLP to try and fool people
into voting for them. Fred
Mitchell is the real deal, the real

PLP. Let’s not vote for a fake ©

PLP.

“Their candidate has tried to
say that the FNM has a former
chairman’‘of the PLP in Fox Hill
with her. How sad:. How desper-
ate can you get? You have some-

one who is in the employ of her.

husband, who is on their payroll
anc you are using him to try and
ivol people that PLPs have
switched sides to go to the FNM.
That man is a PLP in his heart.

Fox Hill

We in Fox Hill can never believe
that in his heart he is FNM. It just
can’t happen and when he is
ready he will come back home to
the PLP, when all of us are wait-
ing with warm hearts and open
minds,” Mr Mitchell said.

Mr Mitchell commented that
in his view, the whole rally was
quite “amusing”.

“Let’s start with the personal

’ favours for the very people mak-

ing the charge. The FNM candi-
date stood on this platform last
week to allege that nothing has
been done by Fred Mitchell in
Fox Hill: But I remember receiv-
ing a call from a close personal
relative of hers and I mean close,
who was retiring from the gov-
ernment service and was having a
problem getting her pension
cheque. She called me to ask if I
could help.

“I spoke with that close, close
personal relative of the FNM’s
candidate on three occasions and
in a shorter time than usual she
had her cheque. She thanked me
over and over for helping her get
the cheque. Yet she too is going
around now saying that I did
nothing for her. Remember the
money, my dear. It was Fred
Mitchell who got it for you,” he

country and therefore the amount of money
spent with Bahamian shop owners, strdw
vendors and taxi drivers, and so clearly this
bodes well for the future of our country,” he

said.

The minister continued: “And
what about the husband of the
candidate? Who now employs
our former chairman? We sat
around at a meeting at his request
shortly after the elections because
when the PLP came to office he
thought that because he was
FNM, he wanted to know if I as
his representative in Fox Hill
would speak.to the pegple at
Atlantis who he thought would
end his contract because the gov-
ernment changed.

“We sat in Athena’s cafe and
he asked for my help. I agreed
because I support any Bahamian
contractor and I did speak to
them to say simply this: The PLP
does not condone or support any
action that would jeopardize any
Bahamian contractor and cer-
tainly not on the basis of political
affiliation.

“T did not think that anyone at
Atlantis needed that reminder
because that is not the kind of
company they are but the candi-
date for Fox Hill for the FNM is
able to enjoy the good life that
she has today, the money that her
husband is spending to try to
defeat the PLP in Fox Hill
because Fred Mitchell did a
favour for him. So when you say I
did nothing talk that to your hus-
band.”

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PAGE 10, TUESDAY, JANUARY 30, 2007







JANUARY 30, 2007



TUESDAY EVENING

| 7:30 [8:00 | 8:30 | 9:00 | 9:30 | 10:00 | 10:30

NETWORK CHANNELS






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| Deco Drive American Idol ‘Week 3A: Auditions |House “One Day, One Room” News (CC)
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i (1999) ‘R’ (CC) Jing wife unravels. O'R’ 0.

THE TRIBUNE -







































Let Charlie the
Bahamian Puppet and
his sidekick Derek put

some smiles on your

kids’s faces.

















Bring your children to Hs.
McHappy Hour at McDonald's in









Marlbo rough Street every Thursday







from 3:30pm to 4:30pm during the
month of January 2007.













Enjoy Great Food, Prizes and Lots of Fun.



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THE TRIBUNE

TUESDAY, JANUARY 30, 2007, PAGE 11





HM MRS MCKENZIE points to pieces of mould-covered dry-wall that had to be feuitved after

her house was flooded.

FROM page one

Mrs McKenzie thinks that the
water pipes in her home were
never sealed. She has come to
this conclusion as several other
houses in the aréa, built by the
same contractor, also suffered
major floods at the same time.
Furthermore, she has discovered
pipes leading to her septic tank
also unsealed.

As a result of the flood, Mrs
McKenzie has had to dig-up all
the floor tiles in her home and
has also started to remove large
portions of her rock-sheet walls.

The consequences of the pos-
sible negligence of the contractor,
and the inadequate inspection
process by the Ministry of Hous-
ing, have been devastating for
Mrs McKenzie.

She has been forced to hire a
new builder to finish the house.
And as he started to remove the
water logged walls, he has dis-
cover mould growing through-
out the inner walls of the house.

Mould infestation can lead to
chronic respiratory problems for
the inhabitants of the infested
home. In some circumstance
homes can be condemned if
mould growth becomes endemic
and uncontrollable.

|

Resident

What is more distressing for
Mrs McKenzie is that she had
earlier given two months notice
to her current landlord. This
time ends tomorrow evening and
she is not sure where she and her
husband will stay.

Of her current dilemma, she
stated: “Stressful. I just got up
this morning crying again
because I can’t believe I have to
be faced with this and still have
to move by; Wednesday. It’s too
much — plenty stress.”

Mrs McKenzie did not wish to
attribute blame for the situation
to the current Minister of Hous-
ing, Neville Wisdom. However,
she thinks the former Minister.
of Housing, Shane Gibson,
rushed the development of the
houses in areas such as Pride
Estates, leaving some home-
owners in desperate circum-
stances. |

“T really wonder what Mr Gib-
son was doing at the time
because these houses must have
went up in the matter of two
months — just to say that they
were building plenty houses.
And when you rush things, you
get poor quality work. So had he

‘

(Photo: Ana Bianca Marin).

taken his time and gone through
each house with the contractor,
and make sure that everything

- Was up and running, to meet all

the requirements for the building
inspections, we would not even
be complaining,” she said.

Mrs McKenzie also takes issue
with commentators that suggest
that Bahamians in low-cost
homes should be grateful for the
help government gives regard-
less of its quality. She stated that
her mortgage payments are $875

- per month over a period of 26

years. This amounts to nearly
$275,000. The figure appears dis-
proportionate to the actual value
of the homes, as the appraisal
she had done for the house lists
its worth at just over $100,000.

In previous statements to the
press, Minister Wisdom had not-
ed that the retention fee of con-
tractors that produced inade-
quate work would be withheld
in such circumstances, and
incompetent contractors would
also be removed from the list of
available contractors used by
government.

However, up to press time, we
were unable to confirm with the
Minister what action, if any, was

taken against this particular con-.

tractor.

Bahamas Bus & Truck Co., Ltd

Montrose Avenue
-Phone:322-1722 ¢ Fax: 326-7452



FROM page one

files were.
“Tam more than convinced
that this is a stalling tactic. This

is the MO (modus operandi) °

of some people. People’s files
do not go missing.

“Out of all those seriously
injured, some 25 in all, only
two files were found with ref-

_ erence to the Sea Hauler crash.

This is taking away people’s
rights. We are not going to
stand for it.

“We are setting a deadline
for tomorrow. If we don’t get
justice, then we are going to
take it.”

Mr Bain said the victims
were going through “serious

YOUR CONNECTION

Medical files
‘are missing’

turmoil” since thé crash, with
one having their rental prop-
erty’s doors sealed up this
week because they are behind
with rent.

“They are going through
stuff like this every day,” said
Mr Bain, “All they want is to
get this behind them. They
have done nothing wrong. It’s
like this government doesn’t
care.

“They just want their com-
pensation. These were ordi-

nary people before this crash. I
am doing it the gentlemanly
way at present, but it’s now

‘over a month since they

promised to get these files.”

When asked about the mat-
ter, Minister of Transport
Glenys Hanna-Martin referred
the question to her permanent
secretary Archie Nairn.

Mr Nairn said the ministry
could not comment until it had
confirmed the claims with
Princess Margaret Hospital.

THE WORLD



PUBLIC ANNOUNCEMENT

SOFTWARE UPGRADE

The Bahamas Telecommunications Co. Ltd. (BTC) wishes to advise its valued
customers and the general public that in order to maintain optimal service
levels, a software upgrade of its network is required.

As a result, subscribers throughout New Providence and the Family Islands
may experience a slight disruption in domestic services such as land line,
cellular and internet, between the hours of 11:00 pm on Monday, January 29%

to 6:00 am on Friday, February 2â„¢, 2007.

BTC sincerely apologizes for any inconvenience this may cause and assures
the public that every effort will be taken to complete this upgrade in the shortest

possible time.

Poneman

{ERNE teat

aatizmndinned aber
' eT



A FRIENDLY REMINDER
MASS DISCONNECTION EXERCISES
IN THE FOLLOWING AREAS:

¢ Paradise Island « Eastern Road « High Vista
¢ Johnson Estate ¢ Valentine Subdivision ¢ Dick’s Point
* Sans Souci « Winton Meadows ¢ West Bay St.
¢ Skyline Drive « Prospect Ridge « Cable Beach
* Delaport Point * Sandy Port « Tropical Gardens
¢ Gambier Heights ¢ Coral Harbour ¢ Lyford Cay
¢ Centreville * Hawkins Hill ¢ Palmdale « Wulff Road
¢ Twynam Heights « Hillside Park * Mackey Street
* Shirley Street * Murphyville and Montague Village.

PRIORITIZE!

PAY ALL ARREARS ON YOUR BEC BILL IMMEDIATELY!

All overdue BEC payments must be made at the Head
Office on Blue Hill and Tucker Roads, the Mall at Marathon

or the Main Post Office.

Powering The Bahamas for Generations

0



PAGE 12, TUESDAY, JANUARY 30, 2007

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THE TRIBUNE

SPECI

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business@tribunemedia.net

TUESDAY, JANUARY 30, 2007

Miami Herald Business, Stocks, Analysis, Wall Street

Saipan

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LNG project gain

m@ By CARA BRENNEN-
BETHEL

Tribune Staff Reporter

nited States

regulators have

granted the

AES a two-

year extension
to the date when their proposed
multi- million dollar Bahamian
liquefied natural gas (LNG) ter-
minal and pipeline should be
completed and operational, but
not the four years the company
was seeking.

AES had wanted the Federal
Energy Regulatory Commission
(FERC) to extend the deadline
for when its Ocean Express pro-
ject would become operational
to January 29, 2011, from the
original January 29, 2007, due to
“unanticipated delays” in secur-
ing approval from the Bahami-
an government, which was hold-
ing up the project’s process.

According to documents filed
with the FERC, AES’s motion
for the extension, drafted by
their US attorneys, Baker Botts,
said the delay had been caused
by the Bahamian government
. deciding to draft regulations to
govern how the Ocean Cay ter-
minal operated before the pro-
ject was approved.

In granting the two-year
__ extension for the AES Ocean
Express project to January 29,

- 2009, the FERC’s Michael

McGehee, chief of its branch
one division of pipeline certifi-
cates, said: “Ocean Express
states that it has been unable
to commence construction of
the pipeline due to unanticipat-
ed delays in securing final



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& DR MARCUS BETHEL

approval from the Common-
wealth of the Bahamas for the
construction of related LNG
and pipeline facilities in that
country.”

In its motion to obtain the
FERC extentions, AES said:
“This delay is largely due to
the time required for the
Bahamas to develop regula-
tions to govern the LNG ter-
minal that will be built in the
Bahamas, and the associated
non-jurisdictional pipeline
facilities that will interconnect
with the Ocean Express
pipeline.

“Ocean Express anticipates
that the Bahamian government
will soon complete work on
these regulations, followed
thereafter by final Bahamian
approval of the terminal and

pipeline facilities that are sub-

ject to Bahamian jurisdiction.
“Ocean Express understands
that the Bahamian government
is now undertaking a final
review of the regulations to

lity
one stop

Cabinet waiting on consultants to
finish the AES regulations, hoping
process completed by end-February

govern LNG facilities, and that
this process will soon.be com-
plete. i

“When Ocean Express first
requested an extension of time,
it anticipated that Bahamian
approval of the non-jurisdic-
tional facilities would soon be
forthcoming.”

Mr McGehee
responding to the AES request,
that “no more than five years”
had been allowed for the com-
pletion of construction and plac-
ing approved LNG and related
facilities in service.

Therefore, to ensure the
FERC’s policy was “consistent”,
AES Ocean Express was only
granted a further two-year
extension of time until January
29, 2009, However, the compa-
ny would have the opportunity
“to explain... any further
delays”.

Speaking with The Tribune
yesterday, the minister of ener-
gy and the environment, Dr
Marcus Bethel, said he was not
aware that AES had been

., granted the extension...
He suggested, though, that

the company might now wish
to harmonise the US approvals
with what was happening here.

“The application before Cab-
inet is still pending, and it is
hoped that we can sign off on

said, in’

the regulations...... hopefully by
the end of February, but that
date is not hard and fast,” Dr
Bethel said.

He added that as Cabinet was
dependent on its international
consultants - likely to be Wash-
ington-based ICF Consulting -
to conclude negotiations and
the regulations, they could not
proceed further until that
process was completed.

Earlier this month, Dr Bethel
said the process was very
detailed, ensuring that the high-
est standards are maintained.

Aaron Samson, AES Ocean
Express project director, did not
return The Tribune’s phone call
seeking comment yesterday.

The AES LNG terminal on
Ocean Cay, a man-made island
near Bimini, would re-gas
LNG brought by ship to the
island in liquid form. A 95-mile
pipeline would then take some
842,000 dekatherms of LNG
to Florida per day, where it
will supply the state’s electric-
ity needs.

Both former-Florida, gover-

nor Jeb Bush and US officials —

have previously impressed
upon the Government their
desire for the AES project to

SEE page 5B



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S Abaco moves to

strengthen ties

Q-ycar EXteNSiON to Jacksonville

i By CARA BRENNEN-BETHEL

Tribune Staff Reporter



STRONGER tourism ties are expected to be formed between
Abaco and Jacksonville, following a fact-finding mission to the
Florida city by the Ministry of Tourism’s office on that island.

Don Cornish, general manager of the Ministry’s Abaco tourist
office, told The Tribune yesterday that last week’s four-day trip to
Jacksonville went even better than anticipated, with plans made tor
the island to host a promotional Bahamian evening on Jacksonville
Landing, the Florida city’s major port areas, and for more Bahami-
ans to possibly visit Jacksonville for shopping and vacation expe-

riences.

“We want to market Abaco first, of course, but also showcase the
culture of the Bahamas and the possibility of Bahamians going
there, so there is some reciprocity,” he added.

Mr Cornish explained that Abaco has a large second home rmar-
ket, as well as boaters and private flyer tourists. ,

As a result, he said the tourist office thought it was important to

establish stronger ties and rela-

tionships between the two cities.

“Traditionally, we have a lot of

SEE page 56

Bahamas needs ‘vision’
to make trade decisions

@ By NEIL HARTNELL
Tribune Business-Editor

DECISION-making on how
the Bahamas fits into the world
economy and deals with rules-
based trading systems would
“be so much easier” if the

-.country had a-vision of what it

wanted to be and a strategic

plan to get there, the Bahamas

Chamber of Commerce’s exec-
utive director said yesterday.
Philip Simon told The Tri-
bune that the Bahamas had to
“either come up with a super
independent vision for the:
country” that would enable its
economy to prosper outside
rules-based trading systems
such as the World Trade
Organisation (WTO), or
decide to participate in inter-
national trade negotiations and
attempt to secure the best deal
possible for the country.
Pointing out that the
Bahamian economy and busi-
nesses would be affected
regardless of whether this
nation joined international
trade agreements or remained
on the outside, Mr Simon said:

“I believe if we truly have a

national vision, if we have a
plan like a business plan for

the country, that at least has
an idea of what we want to
look like in the future, it makes
decision-making so much more
easier.

“In the absence of that, we
may.have to join the ball
game.”

The- Chamber executive
director pointed out that bod-
ies such as the WTO set out
and developed what were
referred to as “the rules of
engagement” between differ-
ent countries.

“More often than not, they
influence standards and speci-
fications, and if you are not
privy to them or participate in
negotiations, if you are going to
participate in world trade then
you have to meet those stan-
dards,” Mr Simon said.

He acknowledged that both
the Bahamian private sector
and the Government were still
developing this nation’s posi-
tion on the Economic Partner-
ship Agreement (EPA) being
negotiated, on the Bahamas’
and Caribbean’s behalf, by
Cariforum with the European
Union (EV).

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THE MARKETS BANKS
STOCKS, MUTUAL FUNDS, 5-6B
Dow30 —«12,490.78~=—«+3.76 AA C ° t ° t @ ; ) , B @
sapso0 —s«* 2062-156 W 1 igro up O aC quire an n
NASDAQ 2,441.09 +5.60
Bi Citigroup continues a trend of in Britain and its Internet expertise ish credit card base. in a stock-and-cash deal.
10-YR NOTE ae bs focusing on strategic acquisitions worldwide. The move is in line with two Citigroup also has been moving in
CRUDE OIL 54.01 -1.41 Vv with its purchase of ; Citigroup, which is headquartered recent trends at Citigroup, the largest recent years to expand its online

Stocks
mixed
amid
merger
news .

BY TIM PARADIS
Associated Press

NEW YORK — Stocks barely
budged Monday, ending nar-
rowly mixed after yields on the
30-year Treasury note briefly
hit 5 percent and investors grew
skittish a day ahead of the Fed-

eral Reserve’s first meeting of
_ the year. .

After a volatile week in
which stocks lost ground,
merger and acquisition news
gave a boost to stocks for much
of the session before the 30-year
yield moved higher. Merrill
Lynch & Co. agreed to acquire
wealth manager First Republic
Bank for $1.8 billion in cash and
stock and Citigroup struck an
agreement to buy British
insurer Prudential’s Egg Bank-
ing online bank for about $1.13
billion.

Many on Wall Street were
girding for a busy week of eco-
nomic and earnings news as
they tried to determine whether
an indecisive market can
resume its advance from the
second half of 2006. A two-day
Fed meeting begins ‘Tuesday,
after which investors will
receive the central bank’s latest

read on the economy and inter- |

est rates, and a torrent of
fourth-quarter earnings reports
is due. The Fed has left short:

term interest rates unchanged
at its last four meetings.

“The market really can’t find
any direction,” said Todd
Leone, managing director of
equity trading at Cowen & Co.,
describing recent sessions as
“rudderless” ahead of the Fed
meeting. He said investors
appeared unnerved after the
yields on the 30-year Treasury
note moved higher.

The Dow Jones industrial
average rose 3.76, or 0.03 per-
cent, to 12,490.78.

Broader stock indicators
were mixed. The Standard &
Poor’s 500 index was down 1.56,
or 0.11 percent, at 1,420.62, and
the Nasdaq composite index
was up 5.60, or 0.23 percent, at

2,441.09.

Yields on the 30-year Trea-
sury note hit 5 percent and then
slipped back as investors wres-
tled with questions over the
direction of interest rates. The
Fed sets short-term interest
rates — the rates banks charge
each other for overnight loans
— but the central bank’s pro-
nouncements can affect all
interest rates.

Oil fell sharply, though not
enough to ‘sends the major
indexes higher. Oil settled down
$1.48 at $53.94 per barrel on the
New York Mercantile Exchange
amid concerns OPEC members
would increase production.

Drug developer MDS agreed
to acquire Molecular Devices,
which makes bioanalytical mea-
surement systems, for $615 mil-
lion. MDS rose 21 cents to $17.31,
while Molecular Devices
jumped $11.18 to $35.06.

_ Advancing issues outpaced
decliners by about 6 to 5 on the

- New York Stock Exchange,
where volume came to 2.69 bil-
lion shares compared with 2.68
billion shares traded Friday.

The Russell 2000 index of
smaller companies rose 4.96, or
0.63 percent, to 793.10.

Japan’s Nikkei stock average
closed up 0.28 percent. Britain’s
FTSE 100 ended up 0.19 percent,
Germany’s DAX index finished
up 0.53 percent, and France’s
CAC-40 was up 0.67 percent.



London-based Egg Banking, the
world’s largest stand-alone
online bank, for $1.13 billion.

BY EILEEN ALT POWELL
Associated Press

NEW YORK — Citigroup
announced Monday that it was buy-
ing the world’s largest stand-alone
online bank, London-based Egg Bank-
ing, to expand its financial operations

potenti

i



in New York, said it would pay Brit-
ish insurer Prudential $1.13 billion in
cash for the bank. The deal is subject
to regulatory approval and is
expected to close by the end of April.

The combination of Egg and Citi-
group’s British consumer banking
and finance operations will create a
financial services provider with over
4 million customers and more than
quadruple Citigroup’s 800,000 Brit-

MICROSOFT



bank by assets in the United States.
Chief Executive Charles Prince
has eschewed blockbuster deals and,
instead, focused on targeted and stra-
tegic acquisitions such as the Egg
Banking purchase. In December, Citi-
group announced it was buying
Quilter, a wealth management unit in
the United Kingdom, from Morgan
Stanley; at the same time, it bought a
Central American banking company



MARK LENNIHAN/AP

SHOWTIME FOR VISTA: Dancers scale the wall of a New York building during ceremonies promoting

_ the launch of the long-awaited Vista operating system from Microsoft, which went on sale today.

i
i
|
|
|
i
}
i
|



| GATES CONTENDS NEW WINDOWS SYSTEM HAS
‘WOWS ALL OVER THE PRODUCT’

- BY JESSICA MINTZ
Associated Press

NEW YORK — Acrobatics, blaring music and plenty of hype
accompanied Microsoft’s long-delayed debut of its new Windows Vista
operating system. Hours before the software went on sale in New York,

dancers clad in Microsoft colors dangled from ropes high above street
level and unfurled flags to form the red, green, blue and yellow Windows

logo against a building wall.

: At a swank midtown eatery,
speakers pumped out a hit from
hip-hop hotshot Snoop Dogg before
Steve Ballmer, Microsoft’s chief
executive officer, took to stage.

/ “Vista is the center, the launch-
| ing point for the next generation of
connected entertainment in the
| home,” Ballmer said.

around the globe today, along with
new versions of Microsoft
Exchange e-mail software and the
| flagship Office business suite,
| which includes Word, Excel and
| PowerPoint. Several retailers had
_ even scheduled midnight openings.

next-generation game machines
like Sony’s PlayStation 3, customers

BRITAIN

Vista was set to go on sale .

But unlike the recent launches of.

haven’t been camping out for days.

’ “When I look at Windows Vista,
I see a technology that is interest-
ing, that is relevant, but to some
extent is evolutionary,” said Al Gil-
len, an analyst at the technology
research group IDC. “I do not
believe it will create a lot of motiva-
tion for people to rush out and get a
new operating system.”

In an interview, Microsoft chair-
man Bill Gates said the company
actually wasn’t pushing midnight
sales events — after all, the soft-
ware will be available as a down-
load over the Web for the first time.
Even that route will be relatively
rarely taken — Ballmer acknow]-
edged that, as in the past, most con-
sumers will switch to Vista only -

. VISION



VIRGINIA SHERWOOD/NBC UNIVERSAL

BILL GATES: ‘When people think
about their PC, they think
about Windows even more
than who the manufacturer is.’

when they buy new computers.
More than five years in the mak-
ing, Vista was released for busi-
nesses Nov. 30, but the unveiling
for consumers of the latest edition

° TURN TO VISTA





banking presence. Its U.S. retail bank-
ing arm launched Citibank Direct in
March 2006 to offer high-yield sav-
ings accounts to compete with simi-
lar offerings from other Internet
banks and to attract more people to
its online banking and bill paying ser-
vices.

Ajay Banga, chairman of Citigroup

* TURN TO CITIGROUP

INVESTMENT SERVICES

Merrill —
Lynch will
buy First ©
Republic
for $1.8B

@ Retail brokerage firm Merrill
Lynch announced it will purchase
First Republic Bank for

$1.8 billion in cash and stock - the
company’s largest takeover in
more than a decade.

NEW YORK — (AP) — Merrill
Lynch, the biggest U.S. retail broker-
age firm, said Monday it will buy San
Francisco-based wealth manager
First Republic Bank for $L8 billion in
cash and stock.

The transaction allows Merrill
Lynch to tap into $10.7 billion of
assets held by First Republic, which
provides investment services includ-
ing trust banking and luxury home
lending. Because it caters to the
wealthy, First Republic attracts hefty
deposits and has few credit problems,
the companies said.

This marks Merrill’s biggest take-
over in about a decade, and is part of
a wider strategy to offer banking ser-
vices for its more affluent customers.
The New York-based company last
year took a 50 percent stake in money
manager BlackRock, and also bought

‘mortgage bank First Franklin Finan-

cial last year.

“First Republic will enable Merrill |

Lynch to accelerate its strategic
objective of growing its high net
worth business,” said Robert J.
McCann, president of Merrill Lynch’s
private client business, in a state-
ment. :

He said last year the company was
in talks with a number of smaller
money management firms around the
world to bolster the unit’s reach.
Among deals secured overseas has
been a joint venture with Mitsubishi
Tokyo Financial Group to target
wealthy customers in Japan.

First Republic would become a
stand-alone division within Merrill
Lynch Bank & Trust, maintaining
First Republic’s name and San Fran-
cisco headquarters. Merrill Lynch
expects to close the deal in the third
quarter, pending shareholder and
regulatory approvals.

Merrill Lynch offered $55 per
share for First Republic, split evenly

°TURN TO MERRILL

British Airways averts costly cabin crew strike

@ Tough last-minute negotiations
with a union representing British
Airways crew members helped
the airline avoid a costly strike.

BY JANE WARDELL
Associated Press

LONDON — British Airways and
a union representing its cabin crew
reached a last-minute agreement
Monday to avert a 24-hour strike
scheduled to begin at midnight,
allowing the carrier to reinstate all
flights from its London airports.

BA said that it did not expect
delays on flights out of Heathrow or
Gatwick over the next two days as it
scrambled to put its full flying sched-
ule back in place, but said that some
flights would not operate a full cater-
ing service. Passengers will instead
be offered coupons to buy food at the
airport before boarding.

The Transport & General Work-
ers Union also canceled two other 72-

- hour strikes it had planned for early

February after the agreement was
hammered out on cabin crew pay,
pensions and sick leave entitlements.
The union represents about 11,000 of
the airline’s 14,000 cabin crew mem-
bers.

BA said last week it would scrap
all flights from Heathrow and several
more from Gatwick, totaling around
1,300 flights to and from the capital,
that were scheduled for today and
Wednesday as talks with the union
stalled.

Averting the walkout will save BA
tens of millions of dollars — industry
analysts had estimated that the two-
day strike would cost the airline $59
million in lost revenue and other
expenditures. They also estimated
that the walkouts would cost the Brit-









MATT DUNHAM/AP

AGREEMENT LANDED: British Airways said it reached an agreement with
a union representing cabin crews to head off a scheduled strike.

ish economy another $4.9 million per
day in terms of lost productivity.
However, BA is still likely to lose

millions of dollars because many of

Se

its customers due to travel on today
and Wednesday will already have

° TURN TO STRIKE



i



SPORTS



_seasenanareanenanocesnnee ane MALAI SRALANA TENET

he AMiami Herald |



PRO FOOTBALL
COMMENTARY

Note to Bears:

Turn off the
TV this week

BY GARY MYERS
New York Daily News
IAMI — This is the Peyton
Manning Super Bowl. The
Bears are just along for the
ride. They are in the way of the most
visible and popular player in the
league finally holding the trophy.

By the time they play the game
Sunday, the Bears are going to be so
sick of hearing about Manning that
they might even stop saying they love
his commercials, which pop up on
television every two or three minutes,
in case you haven’t noticed.

Manning beat the Patriots last
week in the AFC title game when he
outplayed Tom Brady down the
stretch. Now to get rid of the label
that has followed him since college
that he can’t win the big game, he still
has to beat the Bears in Super Bowl

The Bears got off the plane Sunday
whining and not showing much origi-
nality with that

- old and tired
‘Super Bowl
theme that “we
don’t get any
respect.” They
do know that
to beat the Colts, they have to disrupt
Manning’s rhythm, get in his face and
make him throw interceptions, which
he has done in the playoffs this sea-
son.

GOING AFTER PEYTON

Chicago defensive end Alex
Brown, who ruined Eli Manning’s ©
night in November, must now do the

same to big brother.

“We want to put pressure on him.
We want to hit him when he throws
the ball. We want to hit him before he.
gets rid of the ball,” Brown said. Man-
ning threw only nine interceptions in
557 pass attempts during the regular
season. But in three playoff games,
with the pressure and stakes raised,
he has thrown six in 115 attempts.
When New England’s Asante Samuel
stepped in front of Marvin Harrison
and returned an interception 39 yards
for a touchdown in the second quarter

last week, it gave New England a 21-3
lead. But Manning was spectacular
the rest of the way and Indianapolis
set a record with the largest come-
back in conference championship
game history.

“We have to play Chicago Bears
football,” cornerback Charles Tillman
said. “Play hard, play fast and play ~
physical.”

Bears coach Lovie Smith made it a
point to mention that on the plane
ride from Chicago to Miami on Sun-
day, he had studied the Colts media



guide and that 18 pages were devoted »

to Manning. His bio and statistics
start on page 91 and end on page 108.
That’s an awful lot for a player who
had not been to the Super Bowl when
the book was published.

“We have scholarship players, too,
and hopefully we can slow him down
a little bit,” Smith said.

BEAR OF A CHALLENGE

These are not the ’85 Bears, who
never complained about not getting
enough respect. These Bears were the
best team in a miserable year for the
NFC and they deserve a shot to break
the conference’s three-year losing
steak in the Super Bowl. But going
into the playoffs, the top four AFC
teams — San Diego, Baltimore, Indy
and New England — were all better
than the Bears. And now the Bears
will try to match up with Manning
while hoping Rex Grossman can get
his quarterback rating over 50.

Smith started with a curfew Mon-
day night and is confident his players
will police themselves.

That is not something Mike Ditka
could have said 21 years ago. Ditka
couldn’t even prevent Jim McMahon
from mooning a television news heli-
copter during Super Bowl practice in
New Orleans.

But those Bears could afford to be
living the fun life on Bourbon Street.
They were facing the Patriots and
Tony Eason. These Bears have to face
Manning, whom Smith called “one of
the all-time greats.” The Bears won’t
be closing the bars on South Beach: If
they are up late, they need to be
studying tapes of Manning.

Smith knows the only way to make
anybody believe in his team is to go
out and beat the best quarterback in
the NFL.

If the Bears want to win this game,
they are going to have to turn off the
television and knock Manning
around.



TUESDAY, JANUARY 30, 2007



A NBUARCLRUELOULE Re COERSRSSALASBSI ESSER URES

3E

INTERNATIONAL EDITION



PRO BASKETBALL | MINNESOTA 121, PHOENIX 112

Suns’ winning streak ends at 17

BY JON KRAWCZYNSKI
Associated Press

MINNEAPOLIS — The hard-driving Phoe-
nix Suns finally hit a road block in Kevin Gar-
nett.

Garnett almost single-handedly snapped the
Suns’ 17-game winning streak, scoring 44 points
and grabbing 11 rebounds in Minnesota’s 121-12
victory on Monday night.

The All-Star forward was everywhere in the
final period against the Suns, dropping turn-
around jumper after turnaround j jumper to hand
Phoenix its first loss of 2007.

He scored 15 points in the fourth, including a
looping fallaway from the baseline that gave
Minnesota a 118-109 lead with 1:55 to play, and
put new coach Randy Wittman on the way to a
victory in his home debut.

Raja Bell scored 26 points and Steve Nash
had 20 points and 18 assists for the Suns, who
were looking to tie the fourth-longest winning
streak in NBA history.

But one night after downing LeBron James
and the Cleveland Cavaliers for No. 17 in a row,



JIM MONE/AP

STREAK BUSTER: Superstar Kevin Garnett
poured in 44 points to power Minnesota.

the Suns couldn’t find an answer for Garnett
and uncharacteristically lost their offensive
mojo in the fourth quarter.

After scoring 95 points in the first three quar-
ters, Phoenix managed just 17 in the fourth and

looked a little acanh

Nash dissected the Wolves’ defense for the
first three quarters, piling up assists at a near
record pace. But he scored just three points on
1-of-6 shooting and had just one assist in a final
period that belonged to Garnett.

The Suns were in deep trouble midway
through the fourth quarter thanks to three big
shots by Garnett and some dirty work on the
boards by Mark Madsen.

Madsen, an offensive liability for most of his
seven years in the league, hit a fallaway jumper
just outside the lane to cap an 8-0 run, then gave
Minnesota a 112-107 lead with 3:38 to play after
he scooped up a rebound and laid it in.

Garnett followed with a twisting, turning
fadeaway on the baseline that brought the
crowd to its feet.

When the final buzzer sounded, Garnett
came over to Wittman and stood eye-to-eye
with the new coach, shouting encouragement
before stomping off the floor. Wittman took
over for the fired Dwane Casey last week.

e NBA REPORT



HORSE RACING | BARBARO

arbaro is euthanized



WINNING MEMORIES: Jockey Edgar Prado celebrates after riding Barbaro
to victory in the Kentucky Derby last May. But Barbaro broke down two
weeks later at the Preakness and fought his ailments for eight months.

DON EMMERT/AFP-GETTY IMAGES

m Horse’s owner calls

it ‘the right decision’

BY DAN GELSTON
Associated Press

KENNETT SQUARE, Pa. — Kentucky Derby winner Barbaro
was euthanized Monday after complications from his gruesome
breakdown at last year’s Preakness, ending an eight-month
ordeal that brought an outpouring of support across the country.

A series of ailments — including laminitis in the left rear
hoof, an abscess in the right rear hoof, as well as new laminitis in
both front feet — proved too much for the gallant colt. The
horse was put down at 10:30 a.m. EST.

“Certainly, grief is the price we.all pay for love,” said co-
owner Gretchen Jackson at a news conference.

Barbaro battled in his ICU stall for eight months. The 4-year-
old colt underwent several procedures and was fitted with fiber-
glass casts. He spent time in a sling to ease pressure on his legs,
had pins inserted and was fitted at the end with an external .
brace. These were all extraordinary measures for a horse with
such injuries.

“Clearly, this was a difficult decision to make,” said chief sur-
geon Dr. Dean Richardson. “It hinged on what we said all along,
whether or not we thought his quality of life was acceptable.
The probable outcome was just so poor.”

Richardson, fighting back tears, added: “Barbaro had many,
many good days.” Roy and Gretchen Jackson were with Barbaro
on Monday morning, with the owners making the decision in
consultation with Richardson. :

“We just reached a point where it was going to be difficult for
him to go on without pain,” Roy Jackson said. “It was the right
decision, it was the right thing to do. We said all along if there
was a situation where it would become more difficult for him
then it would be time.”

Richardson said he was comfortable the right decision was
made and could tell Barbaro was not his usual self early Monday
morning. “He was just a different horse,” he said. “You could see
he was upset. That was the difference. It was more than we
wanted to put him through.”

On May 20, Barbaro was rushed to the New Bolton Center,
about 30 miles from Philadelphia in Kennett Square, hours after
shattering his right hind leg just a few strides into the Preakness
Stakes. The bay colt underwent a five-hour operation that fused
two joints, recovering from an injury most horses never survive.

“It’d be nice if he’s remembered for winning the Kentucky
Derby, not for breaking down in the Preakness,” said Peter
Brette, Barbaro’s exercise rider and assistant trainer for Michael
Matz.

TENNIS | PETE SAMPRAS

Sampras agrees to play on over-30 tour

BY HOWARD FENDRICH
Associated Press

Pete Sampras will play tournament tennis for

the first time since 2002, competing on a tour
for players over 30, The Associated Press has
learned.

Sampras’ Outback Champions Series debut,
which will come May 2-6 at Boston University’s
Agganis Arena, is to be announced formally
today. Sampras, 35, will appear in at least one
other event on the tour in 2007.

“This is kind of my first dive into the waters,
so to speak, to see how I feel and play a match I
really want to win,” Sampras, owner of a record
14 Grand Slam singles titles, said in a telephone
interview with the AP

“T still love the sport — I practice two, three
times a week — but I don’t miss the grind. This
is a time to catch up with old competitors, old
friends, and see if I still have a few things left in
the bag,” he said.

It’s the latest step in a gradual return to a
sport Sampras dominated for the better part of
a decade, then pretty much disappeared from



the way he expects the senior events will.

“The stakes are a little bit higher playing in a
tournament and against some former greats,”
Sampras said. “There’s a sense of satisfaction in
that. Not like it used to be, but you want to win
and play well.”

John McEnroe and series co-founder Jim
Courier also will be in the eight-man field in
Boston, where there will be $142,000 in prize
money. Michael Chang, Goran Ivanisevic and
Mats Wilander are other major champions who
have participated in the Outback Champions
Series, which is entering its second full season.
ELISEAMNEDOLA/AP = "T'>) qualify, a player must have reached a Grand

BACK FOR MORE: Pete Sampras celebrates
in 2002 after beating Andre Agassi to
capture the U.S. Open in his final match.

after winning his last match, against Andre
Agassi in the U.S. Open final in September
2002. He didn’t announce his retirement until a
year later, then never re-emerged until playing
exhibitions and World Team Tennis in 2006.
But it didn’t get his competitive juices flowing

Slam singles final, been ranked in the top five,
or played singles on a Davis Cup championship
team. Landing Sampras is a coup for Courier,
who began discussing the series with his former
Davis Cup teammate more than a year ago.

“Pete’s got a great connection with tennis
fans in this country. People will enjoy seeing
Pete really lace it up and go for it with his ‘A’
game,” Courier said.

e MORE TENNIS





Hawks solve Magic again

From Miami Herald Wire Services

ATLANTA — Joe Johnson
had another high-scoring game
against Orlando, putting up 34
points to help the Atlanta Hawks
answer a third-quarter challenge
and beat the Magic 93-83 on
Monday night.

Johnson, who had averaged
31.8 points in the Hawks’ past
five victories over Orlando,
scored 22 in the second half.

Orlando pulled to within
48-47 early in the third quarter
before the Hawks answered with
13 consecutive points. Johnson
capped the run with a pull-up
jumper for a 61-47 lead.

Orlando lost its third in a row,
including two to Atlanta in four
days. The Magic have lost eight
of its past nine. The Hawks won
the season series 3-1.

The Hawks led 71-58 after the
third quarter, but Grant Hill
opened the fourth quarter by
scoring seven consecutive points
to cut the lead to six points. Hill
led the Magic with 21 points.

Tyronn Lue ended Hill’s run
with a 3-pointer, and the Hawks
- quickly pushed the lead back to
double figures. Johnson hit a
3-pointer with 3:10 left to push
the Hawks’ lead to 89-69.

With Johnson and Lue on the
bench, Orlando scored 10 con-
secutive points to close to within
89-79 with 1:25 left. Atlanta coach
Mike Woodson called a timeout
to put Johnson back in the game.

The Magic pushed the run to
12-0 to cut the Atlanta lead to
89-81, but the comeback ended
there.

Josh Smith posted his fourth.
consecutive double-double with
19 points and 12 rebounds. Lue
had 13 points with seven assists
and Marvin Williams added 12
points for Atlanta.

Jameer Nelson scored 16
points for Orlando. Dwight How-
ard had 15 points and seven
rebounds.

HORNETS 103, BLAZERS 91

OKLAHOMA CITY — David
West had 21 points and 10
rebounds, and Jannero Pargo

PRO BASKETBALL | HOCKEY

PRO BASKETBALL

kept New Orleans’ offense going *

in the fourth quarter to help the
Hornets beat the Trail Blazers.
After Juan Dixon’s three-point
play brought the Blazers to
within 76-74, New Orleans came

‘back with a 10-2 run that Bobby

Jackson capped by hitting a
3-pointer from the right side and
a jumper from the foul line.
Pargo scored New Orleans’
next 12 points, including a diffi-
cult driving layup that stretched
the Hornets’ lead to 13 at 96-83.

GRIZZLIES 124, KINGS 117

MEMPHIS, Tenn. — Pau
Gasol scored 34 points and Mike
Miller added 27 to lead the Griz-
zlies to the victory.

Chucky Atkins came off the
bench to score 22 points, includ-
ing 13 in the final quarter, to help
the Grizzlies win for only the
third time in 10 games.

Behind Gasol, Miller and
Atkins, the Grizzlies shot 58.6
percent and outrebounded the
Kings, 47-25. Gasol was 14-of-17
from the field and scored 12
points in the fourth quarter.

Mike Bibby led Sacramento
with 23 points.

ROCKETS 105, 76ERS 84

HOUSTON Tracy
McGrady scored 25 points before

- sitting out the fourth quarter and

Rafer Alston had nine of Hous-
ton’s season-high 3] assists in the
Rockets’ victory.

Juwan Howard added 20
points, 10 rebounds and six
assists as the Rockets held an
opponent to 85 points or fewer
for the third consecutive game.

ELSEWHERE

e Cavaliers: The most
famous big toe in town needs
pampering, and LeBron James
just might give it some. The All-
Star forward said he’ll consider
sitting out Cleveland’s next few
games to rest his sore right toe,
which he injured on a recent
road trip and aggravated during
Sunday’s game against Phoenix.

After missing Friday’s game at
Philadelphia, James returned and

INTERNATIONAL EDITION _ TUESDAY, JANUARY 30, 2007 | 9



JOHN AMIS/AP

DEALING WITH REJECTION: Hawks swingman Josh Smith, left,
blocks a shot by Magic guard Jameer Nelson on Monday.

scored 30 points in 42 minutes
against the Suns, but he re-in-
jured the toe during the fourth
quarter of the Cavaliers’ 115-100
loss. ;

e Jazz: Forward Carlos
Boozer missed Monday night’s
game against the New Jersey
Nets with a bruised left knee.

Boozer, the Jazz’s leading
scorer and rebounder, injured
his knee Saturday against the
Hornets in a collision with
Tyson Chandler.

Boozer was still on crutches
Monday and wasn’tisure when
he would play again. He said he
had asked his own'*doctor to
review an MRI and was waiting
to hear from him.

Boozer was replaced in the



EASTERN CONFERENCE

J ATMS ;



N.Y. Rangers 6, Boston 1
Montreal 3, Ottawa 1





Florida at Pittsburgh, late
Boston at Buffalo, late
Toronto at Carolina, late
New Jersey at Atlanta, late

Chicago 4, Calgary 3
Anaheim 4, Dallas 1
Detroit 3, Colorado 1

Tampa Bay at Philadelphia, late Vancouver 3, S.J. 1
Washington at Ottawa, late

Detroit at N.Y. Islanders, late

Minnesota at St. Louis, late

Nashville at Colorado, late

os Angeles at Calgary, late

Columbus at Vancouver, late

Dallas at San Jose, late

SOUTHEAST WL OL SLPTS GF GA HOME AWAY DIV
Atlanta 28 16 6 2 64160 156 13-7-3-1 15-9-3-1 :12-4-4-1_ |
Carolina 26 20 2 4 58162 164 14-8-0-3 12-12-2-1 — 13-5-0-2
Tampa Bay 26 23 1 1 454161 160 12-13-0-0 14-10-1-1 11-7-0-0
Washington 21 22 2-5 49 158.177 12-11-1-2 | 9-11-1-3 8-10-1-1
Florida 19 22 4 6 48147 163 13-9-2-1 -6-13-2-5 . 4-11-2-0
ATLANTIC = OWL OL SLPTS GF GA == HOME = AWAY DIV
New Jersey 30 15 0 5 65130 115 17-4-0-4 13-11-0-1 © 12-4-0-1
N.Y. Rangers 25 21 3 1 54148 149 10-10-3-0 15-11-0-1 9-9-0-0
Pittsburgh 23°17 3) «5 «54162 153 §=12-8-2-2,—:11-9-1-3.—:13-5-1-1
N.Y. Islanders 23 21. 3 2 51146 144 = 12-9-2-1 11-12-1-1 9-7-2-0
Philadelphia 12.32 2 3 29117 185 3-15-2-2 9-17-0-1 —3-13-0-3
NORTHEAST WoL OL SLPTS GF GA HOME AWAY __oDIV
Buffalo 33 14 2 2 70190 151 16-7-1-1 = 17-7-1-1 9-8-1-1
Montreal 28 18 +1 4 61150 145 16-7-0-3 12-11-1-1 10-6-0-4
Ottawa 29 21 2 O 60175 142 14-11-1-0 15-10-1-0 —13-8-0-0
Toronto 23 21 2 4 52 163 169 11-12-1-2 12-9-1-2 9-8-2-2
Boston 22 22 1 3 48138 179 14-10-0-2 8-12-1-1 10-10-0-1
WESTERN CONFERENCE
CENTRAL = OW OL OL SLPTS GF GA = HOME =AWAY = OW
Nashville 36 12 2 1 75182 129 18-3-2-1 18-9-0-0 17-4-1-0
Detroit 31 14 3 3 68153 121 18-3-1-2 13-11-2-1 —-11-3-1-1
St. Louis 20 22 4 4 48128 154 10-12-2-1 10-10-2-3 — 7-11-2-2
Columbus 20 25 2 3 45126 153 12-10-1-2 8-15-1-1 = 7-11-0-2
Chicago 18 25 2 5 43124 156 11-13-1-2 7-12-1-3 9-12-1-0
NORTHWEST Wook OL SLPTS GF GA = HOME: = AWAY = Div
Vancouver 28 19 1 2 59 129 126 16-8-1-0 12-11-0-2 9-10-0-1
Calgary 26 17 3 3 58151 127 19-5-0-0 7-12-3-3 —-10-5-1-2
Minnesota 26 21 O 4 56140 132 18-5-0-3 8-16-0-1 8-6-0-2
Colorado 24 21 2 2 52 153 144 13-10-1-2 11-11-1-0 9-5-1-0
Edmonton 24 22 2 2 52136 146 15-10-1-1 9-12-1-1 8-10-1-0
PACIFIC =W_L OL SLPTS GF GA HOME AWAY _iOW
Anaheim 31 12 2 6 70171 131 = 17-4-1-4 = 14-8-1-2.— 11-3-0-1
San Jose 33 17 O O 66155 114 17-9-0-0 16-8-0-0 11-8-0-0
Dallas 29 19 0 2 60133 124 15-8-0-1 14-11-0-1 13-6-0-0
_ Phoenix 23 25 1 1. 48140 175 12-11-1-0) 11-14-0-1—-7-12-1-1
Los Angeles 17 29 3 3 40144 188 11-12-3-3 6-17-0-0 6-14-0-2
Note: Two points for a win, one point for a tie and overtime loss
RESULTS AND SCHEDULES
Monday’s results Tonight’s games Sunday’s results

(OT)

Philadelphia 2, Atlanta 1

NHL LEADERS

SCORING GOALIES

Through Sunday Through Sunday
Player, team GP G A Pts Player, team GP MIN GAAVG
Crosby, Pit 45 25 53 78 Caron, Chi-Ana 2 88 2 1.36
Ovechkin, Was 50 31 37 68 Brodeur, NJ 48 2896 96 1.99
St. Louis, TB 51 30 36 66 Backstrom, Min 15 778 26 2.01
Hossa, Ati 52 31 34 65 Hasek, Det 38 2242 75 2.01
Heatley, Ott 51 30 35 65 Gigu, Ana 35 1965 70 2.14
Lecavalier, TB 51 30 35 65 Toskala, SJ 28 1630 60 2.21
Savard, Bos 47 18 44° 62 Nabokov, SJ 25 1353 51 2.26
Thornton, SJ 50 14 48 62 Kiprusoff, Cal 45 2705 103 2.28
Selanne, Ana 51 31 30 61 ‘Turco, Dal 44 2461 95 2.32
Jagr, NYR “49 19 42 «61 Mason, Nas 32 1854 72 2.33

|
| From Miami Herald Wire Services

BOSTON — Petr Prucha
scored two goals and assisted
on another, and linemates
Matt Cullen and Jed Ortmeyer
also had three points Monday
night in the New York Rang-
ers’ 6-1 victory over the Boston
Bruins.

Brendan Shanahan scored
his team-leading 25th goal on a
penalty shot in the third
period for the Rangers, who
have won two consecutive
road games following the All-
Star break.

New York has beaten Bos-
ton six consecutive times,
including twice this month.

The Rangers were whistled
for only four penalties, but
registered two short-handed
goals — one by Cullen, and
Shanahan’s penalty-shot tally
that made it 5-1. Michael
Nylander closed the scoring
with a power-play tally at 7:39.

The Bruins have lost three
in a row — scoring just two
goals — and are 3-9-1 in their
past 13 games. Patrice Berge-
ron got Boston even at 1 witha
power-play goal in the first
period.

Cullen added two assists,
and Ortmeyer had three as the
Rangers’ third line dominated
the first two periods. Defense-
man Michal Rozsival scored in
the second, assisted by Prucha
and Cullen.

CANADIENS 3,
SENATORS 1

MONTREAL — Sheldon
Souray, Mark Streit and
Tomas Plekanec scored 2:24
apart in the second period to
lead the Canadiens. ,

On the night the Canadiens
retired Hall of Fame goalie
Ken Dryden’s No. 29, current
Montreal goalie David
Aebischer stopped 26 consec-
utive shots.

ELSEWHERE

e Stars: Mike Modano is
close to returning to the Dallas
Stars’ lineup for the first time



las.



in more than a month. He
might even be back tonight.

Modano, who has missed 23
games since Dec. 4 with a
hip/groin injury, skated hard
again during practice Monday
in San Jose, where the Stars
play against the Shark in their
next two games. The former
captain felt good after the
workout and said he would
play if he felt the same today.

“Tm as close as I’m going to
get, so the sooner I can get
back in, the better,” Modano
said.

Stars coach Dave Tippett
said Modano would be re-
evaluated today before a deci-
sion on his playing status
would be made.

“We aren't going to take
any chances, but he’s getting
close and he’s gone at it hard
every day the past week,” Tip-
pett said.

The Stars play the Sharks
tonight and Thursday, and are
at St. Louis on Saturday.

“It’s more of a mental thing
where I want to feel 100 per-
cent comfortable: and confi- —
dent. Until I get into a game, I
won’t know for sure,” Modano
said.

“I’ve just been waiting to
feel completely healthy as far
as speed and explosiveness go,
and I’ve been getting close the
last few days. I feel like ’'m
turning a corner.”

Modano returned to prac-
tice Thursday, the day after
the NHL All-Star Game in Dal-

He dropped the ceremonial
first puck for the game but
wasn’t able to play.

Modano, a former No. 1
overall draft pick and the only
player remaining on the Stars’
roster that made the move
from Minnesota to Dallas in
1993, is second in career goals
and points among U.S.-born
players.

His 495 goals trail Joe Mul-
len’s 502, and his 1,203 points
trail Phil Housley.

e Sabres:

starting lineup by Andrei Kiri-
lenko, who missed Saturday’s
game with a sprained right ankle
and. had been questionable for
Monday’s game.

e Sprewell sued: The
mother of four of former NBA
star Latrell Sprewell’s children
sued him for $200 million, alleg-
ing Sprewell broke their long-
term cohabitation deal and
roughed her up last month in
their Westchester County (N.Y.)
home.

LATE SUNDAY
e Clippers 98, SuperSon-

ics 76: Sam Cassell scored 21

points in just 19 minutes and
Elton Brand added 22 to lead vis-
iting Los Angeles.

HOCKEY



NBA STANDINGS



EASTERN CONFERENCE




SOUTHEAST W L Pet. GB L10 Str. Home Away Conf
Washington 26 17. 605 - 7-3 W-2 17-4 9-13 18-9
Orlando 23 22 «4.511 640 «2-8 = L383) 14-99-13. 13-13
Miami 19 25 .432 7% 46 L-3 10-10 9-15 8-14
Atlanta 16 27 .372 10 6-4 W-1 8-12 8-15 11-18
Charlotte 16 28 .36410% 5-5 W-1 814 8-14 11-17
ATLANTIC = OW OL Pet. GB L10 Str. Home Away Conf
- New Jersey 22 23 489 - 6-4 W-2 13-10 9-13 16-9
Toronto 22 23 489 - 7-3 Ll 14-7 816 15-9
New York 19 27 .413 3% 4-6 L-1 11-13 8-14 12-17
Philadelphia 14 32 .304 8% 4-6 L-1 7-11 7-21 10-17
Boston 12 31 .279 9 0-10 L-11 4-17 8-14 8-20
CENTRAL = «WOOL Pet. GB’ 110 Str. Home Away Conf
Detroit 25 17 «595 = - S55 We 12-9: 13-8—:17-9
Chicago 26 19 .578 % 6-4 W-3 20-6 6-13 20-8
Cleveland 25 19 .568 1 3-7 L-1 15-6 10-13 16-12
Indiana 23 21 .523,. 3 5-5 L-1 13-7 10-14 18-13
Milwaukee 18 26 409 8 2-8 W-1 10-8 8-18 8-16
WESTERN CONFERENCE
| SOUTHWEST WL Pet. GB L10 Str. Home Away Conf
' Dallas 36 9 800 - 9-1 W-1 20-3 16-6 24-6
~ San Antonio 32 14 .696 4% 7-3 W-2 16-8 16-6 21-9
Houston 28 16 .636 7% 7-3 W-3 15-5 13-11 15-14
New Orleans 19 25 .43216% 7-3 W-3 13-10 6-15 10-17
Memphis 12 34 .26124% 3-7 W-1 9-14 3-20 6-21
NORTHWEST WL Pct. GB L10 Str. Home Away Conf
Utah 29 17 6630 - 5-5 L-2 16-6 13-11 18-10
Denver 22 20 524 5 5-5 L-3 12-12 10-8 9-12
| Minnesota 22,22 +500 6 4-6 W-2 13-8 9-14 13-14
- Portland 19 27 .413' 10 5-5 L-1 11-12) 8-15 12-15
_ Seattle 17 27~=«~«.386 «11 064-6) «6-1 «13-11 «4-16 7-17
| PACIFIC
_ Phoenix
L.A. Lakers 27
L.A. Clippers 22 22 .50013% 7-3 W-1 16-8 6-14 14-17
Golden State 21 23 .47714% 46 W-2 17-8 4-15 13-15
Sacramento 17 26 )=«©«.395 18 3-7 L-3 12-11 5-15 8-18
RESULTS AND SCHEDULES
_ Monday’s results Tonight’s games Sunday’s results
i Atlanta 93, Orlando 83 Bos. at Ind., 7 Pho. 115, Cle. 100
: Memphis 124, Sac. 117 Det. at Was., 7 _ Mil. 107, NY 105
i Minn. 121, Phoenix 112 G.S. at:Cle., 7 S.A. 96, LAL 94, OT
N.O. 103, Portland 91 Mil. at Mia., 7:30 Was. 105, Bos. 91
Houston 105, Phil. 84 LAL. at N.Y., 7:30 Det. 95, Ind. 87 .
Sea. at Dal., 8:30 L.A.C. 98, Sea. 76

i Char. 105, Denver 101
/ > NJ. 116, Utah 115

NT.) ee



Peter Schaefer in Game 2.

Center Tim

}

Connolly skated hard on Mon-
day for the first time since sus-
taining a concussion in last
season’s'second-round playoff
series against Ottawa.
Connolly has been plagued
by post-concussion symptoms
since being leveled in the neu-
tral zone by Senators forward

He skated by himself before
the Sabres practiced on Mon-
day, but Connolly still is sev-
eral weeks away from a return
to the lineup.

“He’s doing good and prog-
ressing,” coach Lindy Ruff
said. “It’s encouraging. He
could be symptom-free based
on him skating today.”

Ruff didn’t give a specific
timetable for when Connolly.
may return, but estimated he
could be back within 6-to-8
weeks.

Through Sunday
SCORING REBOUNDING

G FG FT PTS AVG G OFF DEF
Anthony, Den. 26 306 192 818 31.5 Garnett, Minn. 42 106 418
Arenas, Wash. 43 405 326 1266 29.4 Camby, Den. 36 95 350
Iverson, Den. 33 319 282 951 28.8 Howard, Orl. 44 150 392
Bryant, LAL 41 386 328 1165 28.4 Boozer, Utah 45 142 389
Wade, Mia. 37 348 337 1051 284 Okafor, Char. 43 171 319
Redd, Mil. 33 302 244 914 27.7 Chandler, NOk. - 41 153 302
James, Clev. 43 421 268 1169 27.2 Lee, N.Y. 46 167 330
Allen, Sea. 34 305 180 887 26.1 Duncan, S.A. 46 136 352
Nowitzki, Dall. 44 377 316 1113 25.3. O'Neal, Ind. 39 94 312
Carter, NJ. 44 392 235 1104 25.1 Randolph, Port. 44 131 321

FIELD GOALS ASSISTS

FG FGA PCT G

Biedrins, G.S. 194 311 .624 Nash, Phoe. 42

olees Ny. 204 334 .611 Williams, Utah 45

“Stotidemire, Phoe. 299. 493,.606* . Paul, NOk. 27

SCurtys.N.Y. os 326 555 .587 _ Kidd, NJ. 44

“ Dalembert; Phil. 196 342°.573 ~~ Miller, Phil. 43

Boozer, Utah 410 721 .569 Davis, G.S. 39

Bogut, Mil. 231 410 .563 Wade, Mia. 37

Howard, Orl. 264 469 .563 Ford, Tor. 38

Brand, LAC 359 638 .563 Billups, Det. 34

Gasol, Mem. 165 296 .557 Iverson, Den. - 33

» 412

TOT AVG

524 12.5
445 12.4
542 12.3
531-11.8
490 11.4
455 11.1
497 10.8
488 10.6
406 10.4
452 10.3

AST
496

AVG

11.8

9.2
242 “9.0
394
376
336
291
294
263
248

SYN NN & 90 10
nNNbwbays

Rangers beat up on Bruins



GETTY IMAGES

POWER RANGERS: Petr Prucha, right, celebrates one of his
two goals with Matt Cullen, leading the Rangers to a
6-1 victory over the Bruins on Monday night in Boston.

Sabres defenseman Henrik
Tallinder is expected to return
to the lineup when Buffalo
hosts Boston tonight.
Tallinder has missed 11
games because of an ankle
injury.
e Kings-Flames trade:
The Los Angeles Kings traded
center Craig Conroy to the
Calgary Flames for center
Jamie Lundmark, a fourth-
round pick in this year’s NHL
Entry Draft and a second-
round selection in the 2008
draft.

LATE SUNDAY

e Canucks 3, Sharks 1:
Taylor Pyatt scored on a
power play midway through
the second period and set up
Daniel Sedin’s winning goal
two minutes later as host Van-
couver rallied to beat San Jose.





| TUESDAY, JANUARY 30, 2007 INTERNATIONAL EDITION SUPER BOWL POSTER | MiamiHerald.com | THE MIAMI HERALD

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PAGE 8E, TUESDAY, JANUARY 30, 2007 TRIBUNE SPORTS

Venus Williams
to play in

the Fed Cup
against Belgium

@ TENNIS
DELRAY BEACH,
Fla.
Associated Press

VENUS WILLIAMS
will play in the Fed Cup
against Belgium.

U.S. Fed Cup captain
Zina Garrison said Mon-
day that Williams, who
missed the Australian
Open with a left wrist
injury, has committed to
play in the first round on
April 21-22 at the Delray
Beach Stadium & Tennis
Center.

Williams is scheduled
to return to competition
for the Diamond Games
on Feb. 12-18.in
Antwerp, Belgium, the
U.S. Tennis Association
announced Monday.

“Venus is really look-
ing forward to playing
Fed Cup this year,” Gar-
rison said during a tele-
conference call. “Venus
contacted me around the
end of November and
said she was really inter-
ested in playing. She’s
excited about trying to
bring the Cup back to
the U.S.”

Williams has a 13-3
Fed Cup record and
helped the United States
win the title over Russia



in her Fed Cup debut in : Poe Fe
1999. The U.S. has won ~ } ENGLAND Jonny Wilkinson, centre, reacts during a training session at Twickenham Stadium in London, Tuesday, Jan. 23, 2007 ahead of next weekend's opening
the Fed Cup 17 times, ; 6 Nations clash with Scotland. \ is

but not since 2000. (AP Photo/Sang Tan)

Garrison said she’d
like to lure Serena ;
Williams, who won her

=== — Wilkinson to play first test for

“T have been in talks ;
with Jill Smoller, Sere- ; :
na’s agent, and been tex-

===. England in more than three years

lot of edge since it’s close
to her home.”



_ The Williams sisters : [RUGBY Andrew said. "After havinga Tee
live in nearby Palm i TWICKENHAM, England long chat with Jonny he was ‘ :
Beach Gardens, Fla., : Associated Press convinced it was the right —
about a half-hour drive i thing to do. I am sure it will be
from the Delray Beach : FLYHALF Jonny Wilkin- a massive morale boost for
facility. g - | son was named to England's everyone, not just in the team
Garrison, who said : rugby lineup for the first time ~ but around the country."
Venus Williams is prac- ! since the 2003 World Cup on —_— Toby Flood, who has only
ticing full-time, will - | | Monday, against Scotland'in two England caps, will be
announce the rest ofher : their Six Nations opener this Wilkinson's backup in the
roster later. She men- + weekend. reserves.
tioned young players : Since he kicked the World World Cup winner Mike
Vania King and Ashley : Cup-winning drop goalin the — Tindall was at outside center
Harkleroad as possibili- : final against Australia, Wilkin- for his 50th cap, and former
ties, along with doubles : son's string of injuries have captain Martin Corry at No.

specialist Lisa Raymond.

: forced him to miss 30 tests for _ 8. Phil Vickery will lead out
In the 2005 first round,

England and the captaincy in England at tighthead prop.



Venus Williams, Serena =: __ ate 2004, There are 11 changes from
Williams (who did not : He'll be joined at Twicken-_ England's last match, a 25-14.
play), Lindsay Daven- : ham on Saturday by former loss to South Africa on Nov.
port and Corina Morariu {Britain rugby league captain 25 — England's eighth loss in
beat ayoung, unheralded =; Andy Farrell, who will debut nine tests, which cost Robin-
Belgium team 5-0 atthe | for England at inside center son the coaching job.
same Delray Beach facil- | nearly two years after agree- No. 8 Dan Ward-Smith was*
Hy: . : « ing to switch codes. expected to make the 22-man
Garrison expects Kim ; Winger Jason Robinson, team, but he dislocated his
Clijsters, who will retire ! who. became captain in right knee playing for Bristol
after this season, to be on : Wilkinson's absence, will at the weekend and was likely
the Belgium team. : appear for the first time since _ to miss the whole tournament.
“When we playedhere {he retired from international. Hooker Steve Thompson was
before, I had the best : rugby in 2005. ruled out on Monday with a
team you could ever : Tt will be Brian Ashton's _ neck injury that requires eight
think about having,” : first test as coach of England — weeks rest.
Garrison said. “I think i after he replaced Andy "This is a massive disap-
this time around we’ll Robinson in December. pointment for Steve," Ashton
have the opportunity to "Tt is well documented that © said.
play against Clijsters : JT have been an admirer of Scotland, which hasn't won
since this isto be her last; Andy's career for a number at Twickenham since 1983,
time to play Fed Cup. I : of years and I'm looking for- names its team on Tuesday.
think Justine (Henin) is a : ward to seeing him play rugby
wait-and-see until its : union for his country," Ashton @ ENGLAND: Iain Bal-
closer to April.” : said. "I'm also pleased that shaw, Josh Lewsey, Mike Tin-

-Jason Robinson has decided dall, Andy Farrell, Jason
to return from international Robinson, Jonny Wilkinson,
retirement, and that Jonny Harry Ellis; Perry Freshwater,
Wilkinson has‘returned to fit- George Chuter, Phil Vickery
ness after his recent injury and —_ (captain), Louis Deacon, Dan-
that both are available for the ny Grewcock,‘Joe Worsley,
Scotland game." Magnus Lund, Martin Corry.

Following the 2003 World Replacements: Lee Mears,
Cup, Wilkinson suffered neck, Julian White, Tom Palmer,
shoulder, arm, knee, appen- Lewis Moody, Peter Richards,
dix, and groin injuries. He Toby Flood, Mathew Tait.
played for the British and Irish
Lions against Argentina and
New Zealand in 2005, but his
availability was cut short by a
shoulder injury. He ended a @ ENGLAND'S kicking
12-week layoff with a lacerat- machine Jonny Wilkinson lays
ed kidney on Saturday, when — the boot onto another con-
he played 50 minutes for New- verted penalty during the

5 ORL PEOP Pee castle. Rugby World Cup semi final
making news in their Enolish elit tay diréet aoainet Fi in Sv

bobbourhoods: Perhavs nglish elite rugby director against France in Sydney,
nee i) P Rob Andrew said Wilkinson Australia in this Sunday Nov.
you are raising funds fora | jinched his selection for his 16, 2003 file photo. Wilkinson
good cause, campaigning 53rd England cap, replacing _ has been selected to play for
for improvements in the an injured Charlie Hodgson, England this weekend in their
area or have won an on his form at training last opening Six Nations match
award, week. | this weekend: his first test in
If so, call us on 322-1986 "He was flying in training. more than three years.
and share your story. That's what convinced Brian," (AP Photo/Mark Baker)

! The Tribune wants to hear





PAGE 6, TUESDAY, JANUARY 30, 2007

THE TRIBUNE





Hidden danger of large-scale
Family Island investment

Bixce where there has
been a robust and func-

tioning system of local government,
historical experience gives little cause
for optimism over the prospect of
high and sudden levels of investment
in underdeveloped places.

The oil-rich Niger Delta region
of Nigeria is a case in point. From the
moment that the first pipe went into
the ground in 1955, the river delta
region has been a magnet of eco-
nomic activity, drawing the world’s
biggest oil giants and producing
more oil revenues than Kuwait,
Libya or Venezuela.

Today, literally billions of dollars
of foreign investment has trans-
formed the delta into a vast network
of ultra-modern technology. Nearly
(60 separate oilfields are supported

PERSPECTIVES

ANDREW ALLEN

by an estimated 4,500 miles of

_ pipeline.

Tragically, though maybe pre-
dictably, all of this has translated
into very little in terms of tangible
benefits to either the people of the
river delta or the Nigerian state as a
whole. Aside from funding a pow-
erful culture of venality and corrup-
tion among local elites, it has
enriched companies like Shell and
Total, but left the local towns and
villages as backward as they were in
1955 — except now they have a raging
insurgency.



Qe also carry a te
oils. feddies and adult novelties




Why? Perhaps this is a better
question: when the oil companies
came to Nigeria and settled in the
malarial swamps, who did they have
to deal with?

When they left Nigeria, the British
left behind no local government insti-
tutions more advanced than the local
chiefs, who, though now vested with
official authority akin to a magis-
trate, remain essentially rulers in the
most traditional, pre-modern sense.

No local structure existed for tax-
ation or regulation of massive-scale
business. Nor, crucially, did conven-



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tions (or even concepts) governing
the separation of public funds from
the chief’s private treasury. It was
as if 20th century corporations were
transported back to pre-Norman
England and began signing explo-
ration treaties with Saxon warlords.

Today, those tribal chiefs that are
not now living abroad (usually in
London) swerve ‘around the pot-
holed roads in ridiculously fancy
European luxury cars. The garbage,
meanwhile, swelters uncollected on
the ‘streets and: public health and
education range from non-existent to
rudimentary.

In The Bahamas today, it is hard
not to be impressed by the raw data
of incoming investment. As the
prime minister rightly pointed out
recently, the projects announced to
date probably represent the largest
per capita level of foreign direct
investment for any independent
country in the history of the world.

Yet again, as elsewhere, dangers
of unhealthy development abound.
At the last Business Outlook con-
ference, the president of Exuma’s
chamber of commerce took the
opportunity to question the wisdom
of the “anchor project” policy, citing
the failure of that island’s infra-
structure and supporting business
structure to gracefully handle so
large and sudden an investment.

It seems that, notwithstanding the
many job opportunities, the per-
ceived difficulties of life in the “Out
Islands” has dissuaded many Nas-
sauvians from relocating and per-
forming the entrepreneurial func-
tions without which the islands will
never be more than ‘transplant’
economies, like offshore oil rigs.

As always in The Bahamas, the
tension implicit in this failing con-
cerns the prospect that, like oil rigs,
out island economies that fail to
develop locally in line with the large
investments in their midst, will come







eR ENR Silla
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322-2157 1

' ViBe; and





The main objectives of this consultation are to:
a) inform the public and licensees that BTC’s VoIP service is func-
tionally and commercially substitutable for conventional
switched voice services and falls within the definition of Voice
Telephony and is price regulated as set out in BTC’s Licence;
b) indicate the Commission’s proposal for the price regulation of

to require large-scale importation of
foreign workers. From there, the
step to becoming virtually self-suffi-
cient foreign enclaves appended by
local ghettoes (like early Freeport
and Eight Mile Rock) is not a long
one.

Ultimately, it is the lack of any
robust local government regime
(with revenue collecting and discre-
tionary powers) that virtually ensures
that, no matter how much economic
activity they host, Family Islands will
retain a patron/client relationship
with Nassau politicians. This will also
continue to make them relatively
unattractive business places for any
ambitious, serious-minded Bahami-
ans: ;
Exumians, who will be the imme-
diate beneficiaries (or otherwise) of
the investment proposed for their
island, will nonetheless have no real
say in the policies that govern it. As
for their communities’ share of the
revenues generated by the new activ-
ities, this will come not as a locally
determined tax structure, but as a
gift from smiling, camera-happy
politicians from Nassau.

‘GOVERNMENT’ WITHOUT
REVENUE INDEPENDENCE
IS A NONSENSE

Ore to the emotive and
slightly mythological con-
text in which the subject is invari-
ably presented, few people living in
representative democracies proba-
bly take the time to consider the
actual origin of the model.

In fact, the original motivation for
convening a parliament at all had

nothing to do with altruism or public-

spiritedness, and everything to do
with the early Norman kings’ need to
finance their desired reconquest of
their ancestral continental land-
holdings.

Their reliance upon feudal lords
to collect revenues from the various
counties of England necessitated the
regular convening of such nobles,
who consequently came to exercise
relative coercive power over the
Crown. A king may have a fine title
and fancy outfit, but without money
to finance his army and court, he
could deploy no power.

PUBLIC CONSULTATION.

Price Regulation of Voice over Internet Protocol (VoIP)
Provided by The Bahamas Telecommunications Company Ltd.

Branded as ViBe

. The Public Utilities Commission (Commission) is pleased to invite
comments from the public and licensees on its consultation
document on Price Regulation of Voice over Internet Protocol (VoIP)

provided by The Bahamas Telecommunications Company Ltd.

(BTC) branded as ViBe.

Cc) invite comments from the public and licensees.

Section 6(5) of the Telecommunications Act, 1999, requires the
Commission to publish its proposals on any general instruction
intended to be issued under any part of the Act.

Copies of this document can be obtained from the PUC’s office
located Fourth Terrace East, Collins Avenue or downloaded from the
PUC’s website at www.pucbahamas.gov.bs. Written comments
should be submitted by February 2, 2007, via post, hand delivery,
facsimile or e-mail to:

Mr. Barrett Russell

Executive Director, Public Utilities Commission
P. 0. Box N4860, Fourth Terrace East, Collins Avenue

Nassau, The Bahamas

Fax: (242)323-7288

Email: info@puchahamas.gov.bs

Since then, every historical
improvement in the representative
nature of the British parliament
(King John’s compromise at Run-
nymede, the Civil War, the Glori-
ous Revolution) has involved par-
liamentarians’ assertion of a principle
that was later echoed by the Amer-
ican patriots in Massachusetts: con-
trol of the money and political
power are inseparable
phenomena.

The public control of public mon-
ey is what makes democracy work

and thrive, rather than the empty «

act of voting.

And so, what we have in the Fam-
ily Islands today is more a form of
‘representative agency’ than gov-
ernment.

Locals are given the vote, but their
representatives then have to rely
upon central government patrons
for handouts. Nothing gets done
except through the efforts and sanc-
tion of some distant entity.

Sadly, this creates a very tangible
sense of apathy among out islanders
toward their surrounding infrastruc-
ture and environment.

Unable to independently order
their lives and interests, their local
‘governance’ has in most places been
reduced to petty and highly politi-
cised bickering contests.

If you walk around Harbour
Island (as tiny and easy-to-organise
a place that could possibly exist) the
various things in need of attention
are so obvious that they justify
harassing the locals about. As a quar-
ter descendant of Briland, this
columnist never misses an opportu-
nity to do so.

Potholes that any local with an
hour to spare could easily repair are
left for months, while overgrown lots

_ seem to be regarded as natural

garbage-cans. Yet invariably the
response of locals to these eyesores
is to regard them as someone else’s
problem (though it is not clear
whose).

Just as progressive degrees of ado-
lescent independence prepare an
individual for adulthood, so Family
Island communities need real self-
governing responsibility if they are
ever to gracefully absorb the kinds of
investments soon to be unleashed
upon them.




































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6 | TUESDAY, JANUARY 30, 2007.

INTERNATIONAL EDITION |



SUPER BOWL GAMBLING



MiamiHerald.com | THE 1E MIAMI HERALD



~~ ROBERT COHN AND ZACH FOLZENLOGEN/MIAMI HERALD. STAFF. ILLUSTRATION



Miami has the on-field action. but the real action -
betting - is in Las Vegas

BY JEFF DARLINGTON
jdarlington@MiamiHerald.com

LAS VEGAS — He reaches for his new set of
specs, just another indication that Kenny
White’s eyes spend way too much time staring
at these dizzying digits.

“I just started wearing glasses three or four
days ago,” said White, the CEO of Las Vegas
Sports Consultants. “My eyes are shot oom, all
these numbers.”

White digs through a stack of papers within
this organized mess he calls his desk. He’s in
search ofthis team power ratings, which he
develops through statistical analysis to help
him devise the betting lines for nearly every
national sporting event.

Two unsuspecting tutorials surface near the
pile as he searches: there’s a book titled Sports
Betting 10] and a cassette tape called How to be
a Winning Sports Bettor. Indeed, it is an odd
sight, like finding sheet music for Chopsticks
near Mozart’s piano.

White knows numbers. He knows them bet-
ter than bettors, which is why 90 percent of the
sports books in Las Vegas consult him before
they accept a single wager. White also knows
this: Only one number matters more than all of
the rest.

It’s the Super Bow] betting line. And it’s
Indianapolis by seven.

“Absolutely,” said White, who devised the
line with a group of oddsmakers in this office
after last week’s conference championship
games. “It’s extremely important.

“It’s the most important line of the year, sim-
ply because of the volume that will be wagered
on this game.”

That, of course, is the reason White has all of
these binders full of depth charts and injury
reports and statistics. It’s why he still immerses
himself in nearly every book written about
sports betting.

A blunt reminder of his job’s significance
can be found simply by looking out one of the
windows in this unsuspecting office building.

On the other side of the airport runway,

about a mile from this dark corner of the glit-
tery city, is the Las Vegas Strip. By the time
Sunday’s game kicks off, more than $80 million
will have been wagered on the Super Bow] at
the casinos on The Strip.

“It’s almost like a national holiday,” said
Chris Andrews, who runs Leroy’s Race &
Sports Book inside the same building as the Las
Vegas Sports Consultants. “A lot of people gear
their vacation around coming out here for the
Super Bowl.”

Even as online overseas gambling sites have
surged in recent years, the amount of money
wagered on the Super Bowl has continued to
increase. Each of the past two Super Bowls has
broken the previous record for the amount of
money wagered on the big game, White said.
Along with his staff, White plays a major role in
who ends up with the loot.

But for now, on this particular Thursday in
mid-January, there isn’t much sports action
within any of those casinos. At the MGM
Grand, the area where sports bets are placed
(called the sports book) isn’t bustling as it will
be this weekend.

Only a few of the 85 seats are filled, and
guests have the option to watch 49 TV screens.
On this afternoon, there are 15 sports events
being shown.

On Sunday, however, there only will be one:
the Super Bowl. Every sports book in town will
be packed with people tuning into that same
money-pulling game.

“It’s just a mass of people,” said Robert
Walker, the director of the sports book at the
Mirage. “It will be wall-to-wall, people sitting
on the floors in the front. And it’s like that at
every book in town. It’s like those two minutes
of the Kentucky Derby. That’s how the whole
first quarter of the Super Bowl is. It’s crazy.”

‘RULE OF 10’

Walker, like White, also faces some serious
stress when it comes to the betting line on
Super Bowl Sunday. Most of Walker’s worries
begin to build on the actual day of the game,

unlike White, who faces his tough tasks weeks
before when he sets the line.

Walker, whose sports book at the Mirage
actually serves as the hub for the sports books
at Mandalay Bay, the Bellagio and MGM Grand,
will watch as weeks of hype culminate within
those casinos. That’s when his “rule of 10” kicks
into gear.

“Everybody bets 10 times as much as they
normally do,” Walker said.

And in some cases, those bets can creep
excessively high. In 2002, Walker accepted the
highest bet ever taken inside a Las Vegas sports
book wagered on a Super Bowl. The wager of
$4.6 million, which first had to be approved by
Bellagio president Bill McBeath, was for the St.
Louis Rams to beat the New England Patriots
with the money line.

“The Patriots won outright, thank God,”
Walker said. “Otherwise, you’d be talking to
somebody different right now.”

Still, even when considering the significance
and magnitude of the bet, Walker said the
Super Bowl has an intriguing way of bringing
people from all different classes of society
together.

Whether the bettor is making big wagers or
small, the goal is the same: to win.

“That’s the one thing about that game that’s
unique,” Walker said. “You might have a guy
that bet $100 sitting next to a guy that bet
$50,000 or more, and they’re still cheering the
same way. The camaraderie is unique between
those two people who have the same bet, no
matter how much they put down.”

In Miami, the score of the game will dictate
the winners and losers. In Las Vegas, however,
it will be the outcome of the spread that dic-
tates the mood of many. So, unless the Colts
win by more than seven points, it won’t matter
whether they hoist the Vince Lombardi Tro-
phy.

_ Ifthe Colts fail to beat the spread, they still
would be Las Vegas’ biggest losers this week-
end — which is precisely what makes oddsmak-
ers like White so important.

“Ideally, if seven is the number, we would
open at seven and stay there [rather than mov-
ing the line because too many bettors are pick-
ing one side],” Andrews said. “That would be
great. We also want the game to end nowhere
near the number so we don’t have to refund
anybody. That would be fantastic.”

IT’S UNPREDICTABLE

Problem is, it doesn’t always work out that
way. Over the years, oddsmakers and sports
books have faced their share of devastating
days — few as terrible for the industry as the
1979 Super Bowl.

Although White is quick to note he wasn’t
around for this one, the line for the Super Bowl
matchup between the Steelers and the Cow-
boys was initially set at 3/2 with the Steelers as
the favorites. But because of lopsided betting,
the line moved to 414 by the day of the game.

The final score? The Steelers won by four
points, 35-31.

“That was one of the biggest nightmares this
state has seen,” White said. “Because if the
number lands in the middle like that, you end
up paying both sides.”

Under his watch, though, White said the Las
Vegas Sports Consultants has provided a line
that has yielded winning results for casinos —
and losing results for the fans — each year.

So pick your team, and decide what you will
about White’s decision to give the Colts a sev-
en-point edge.

You also might want to keep in mind this
one little piece of advice from Bears defensive
end Alex Brown about that ever-important Las
Vegas line:

“Those people in Vegas don’t play football.”

That’s true. White’s profession involves
something far different. In the end, however,
Brown and White are after the same goal: They
both want to win.

“Crunching numbers,” White said. “That’s
all it is. I'll be in here all day long, just con-
stantly trying to make sure we're picking the
perfect number.”

RS SSS





om Lhe Tribune sz...

Pm fovin’ it. |

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Ess




Sea Hauler tragedy
victims threaten
‘serious action’

BEON HILL MP Ered Mitchell
prepares te address the crowd during
last night's PLP branch meeting.
(Phote: Ana Bianca Marin) ae

x

VICTIMS of the Sea Hauler
tragedy are threatening “seri-
ous action” today if the gov-
ernment fails to produce their
medical files, which have appar-
ently gone missing.

Spokesman Lincoln Bain said
onlv.two files had been found
by’ the Princess Margaret Hos-
pital, even though more than
25 people were treated for seri-
ous injuries after the incident.

Mr Bain alleged that the
“missing files” amounted to
another stalling tactic aie
to thwart compensation claims
by the victims.

“However, we are telling the
government now that they need
to clean up Central Police Sta-
tion to get ready for us because
we are going to be residing
there,” he added.

Those badly injured when the
Sea Hauler was in coilision with
another mailboat while bound
for the Cat Island regatta three
years ago have repeatedly

sought compensation from the .

government, which has admit-
ted contributory liability.

However, so far they have
been unsuccessful, and say they
are suffering enormous hard-
ship brought on by their
injuries.

One man was crippled when
a rusting crane fell on to the Sea
Hauler’s deck, crushing his
spine. Another man lost his leg

when it was sliced off by falling:

equipment. Four people died in
the incident.



Mr Bain told The Tribune:
“There is no reason why peo-
ple’s medical records should go
missing from the hospital.
Everyone who came off that
boat went to A and E (Acci-
dent and Emergency) at PMH.

“One of the victims used to
work at the hospital, and he said
it took only five minutes to get
people’s files. Someone at the
hospital told us that they (offi-
cials) removed the files some
time back.”

“I can assure you we are
going to war with the govern-
ment over this. We are giving
them until tomorrow to find
these files. If they don’t we are
going to take serious action.”

The victims met Cabinet min-
ister Glenys Hanna-Martin
some weeks ago to state their
case. At the time, she said the
government was admitting lia-
bility and would address their
claims.

The idea was to bring both
boat owners to the table so that
the government didn’t have to
carry the entire financial bur-
den.

“That was in December,” said
Mr Bain, “Glenys Hanna-Mar-
tin said she would get the files,
which the victims themselves
were having trouble accessing.
This is ridiculous.

“Mrs Hanna-Martin ipke to
me yesterday and said there was
still no word as to where the

SEE page 11



























@ By PAULG
TURNQUEST
Tribune Staff

Reporter



FOX Hill has jalways
been and will abways
remain PLP, according to
the area’s MP Fred
Mitchell — despite the
opposition’s assertions to
the contrary.

Mr Mitchell was speak-
ing at a PLP branch meet-
ing in Fox Hill last night to
which he was accompanied

‘ by many of his Cabinet col-
leagues.

He also had some fiery
words for his FNM oppo-
nent Dr Jacinta Higgs —
who campaigned with him
in 2002.

Mr Mitchell proclaimed
that the FNM was defeated























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toppings & Get a medium
ls “Homa a va ee



























then, and will be defeated
again in 2007.

“We won this seat by
over 1,000 votes in 2002.
There is no evidence save
newspaper propaganda of
a shift in this constituency
and in the country,” he
said.

“They cannot do it. We
are aware of all of the intel-
ligence information that
the FNM has at its disposal;
what advice they are get-

attack is. Jt is all about
smear, hollering scam and
corruption and then they

ting and what their plan of

SEE page nine -



‘Chaim that s some

of Bahamas could

be submerged by
the year 2030.

i By KARIN HERIG

Tribune Staff Reporter

SOME islands of the Bahamas
could be submerged by the year
2030 if projections about the
effects of global warming prove to
be true.

This is one of the predictions
that could be made next week
when some 500 scientists release
a new all-encompassing report on
global warming.

Yesterday the Minister for }

Environment of Indonesia — a
country which could lose about
2,000 islands from climate change
— spoke out on the global warm-
ing phenomenon stating that at
least his country is better off than
the Bahamas.

tion. Island countries like Saint
Lucia, Fiji and the Bahamas
would likely disappear,” Indone-

sian Minister Rachmet Witoelar !

told Reuters.

SEE page nine

Resident speaks

out over govt
home ‘ordeal’

| HBy BRENT DEAN

: A FRUSTRATED resident :
: of Pride Estates has spoken to }
: The Tribune about the ordeal :
: she has endured in an attempt :
: to move into her low-cost gov- :
: ernment home. i
: Mrs Faye McKenzie was exas- }
: perated as she took The Tribune :
: ona tour of her still unfinished :
: home, after the government offi- :
: cially opened the development :
: on September 11, 2006 — nearly :
: four months ago. :
: The home is filled with evi- :
: dence of poor workmanship. }
: Wall tiles are uneven, the wood :
: used in the home seems old and :
: putty has been used to cover :
: cracks and defects all over the :

house. However, these defects,

- ee ans : . : though numerous, are small in :
We are still in a better posi- : * ; mo
: comparison to the effects of a :

: flood that raged through her }

home.

: The flood occurred when the :
: Water was turned on in the area. :

SEE page 11










Contractor: any
ministry staff suspected
of corruption
should be suspended

& By ALISON LOWE
Tribune Staff Reporter

IF ANY staff at the Ministry
of Housing are suspected of cor-
ruption they should be suspended
pending the completion of the
police investigation into the mat-
ter, a contractor said yesterday.

While police prepare to issue a
progress report on their investi-
gation into allegations of corrup-
tion within the ministry, the con-
tractor has come forward to claim
that certain staff members within
the ministry should be suspended,
or clse contractors may not be
willing to come forward with
information.

He claimed that he has alrgady
been intimidated by a certain
member of the ministry, who has
contacted him to ask "what I told
the police about him." He sus-
pects other contractors have also
been contacted.

The contractor is keen to see
that justice prevails in the inves-
tigation. He said he is going to

SEE page nine







a hen Se Port ae
HORS ae
if On-Line aan

ee aed

RAE SSS SCC ea |

LL CDs!)

SERIO re

elgeteh: Rates













PAGE 2B, TUESDAY, JANUARY 30, 2007

THE TRIBUNE





Middle class fracturing |
may hit economic growth

iz Pulliam, a weekly
columnist on
MSN.com, posted an

article last week entitled Mid-
dle Class Crunch: Who’s to
blame? That story immediately
caught my attention because |
have always felt that the
strength of countries such as
the Bahamas lies in the fact
they have a vibrant, growing
middle class. Unlike much of
Latin America and continen-
tal Africa, where the absence of
a middle class has resulted in an
unstable social and political
environment, the Bahamas has,
for the most part, been a coun-
try where good education and
good work ethics took you far.

What is middle class?

The sub-title to the article
was the following statement:
“You’re not imagining it: It’s
harder than ever to get into the
middle class and stay there.”
According to the US Census
Bureau, a household income of
$36,000 to $57,657 in 2005 was
considered to be middle class in
the US. Bearing in mind that
the cost of living in the
Bahamas is much higher than
in the US, how many Bahami-
ans would be considered as
middle class using the US yard-
stick?

Crunching the numbers

According to the latest data
(2004) posted on the Depart-
ment of Statistics website, there
were 18,880 households in the
Bahamas with a combined
household income between
B$40,000 and B$60,000 per
annum. This same report indi-



cated that there were a total of

99,865 households in the
Bahamas. Doing the math,
about 19 per cent of Bahamian
households would be consid-
ered middle class by US stan-
dards. Thus the amount of
households in the Bahamas
considered middle class or
above is about 40 per cent.

If similar economic bands are
applied to the Bahamian defi-
nition of middle class, this
means that some 60 per cent
of the population lives below
a middle class standard. It
would be very interesting to
know to what degree the 40 per
cent of Bahamian households
with an income in excess of
$40,000 per year is skewed by
expatriate workers, who gen-
erally earn much more than
their Bahamian counterparts.
I pose this question simply
because if 60 per cent of house-
holds have an income below
$40,000, and the overall nation-
al average household income
is $39,626 (again a middle class
level), there must be significant
salaries at the top end influ-
encing the overall average.
While the international agen-
cies always categorise the
Bahamas as a well-off country,
the true economic status of the
average Bahamian citizen, in
general, is overstated.

Is a middle-class life
out of reach?

For many Bahamians, a mid-
dle class life may be out of
reach. Pulliam’s article identi-
fies some of those who may not
be able to reach middle class
status. She says: “And then
there are those for whom the

CONSOLIDATED BALANCE SHEET

(Expressed in Bahamian $000) (unaudited) — October 31, January 31,
2006 2006
(restated)
Assets
Current Assets
Cash and bank balances $ 704 443
Receivables, net of provisions - - 287 673
Merchandise inventories, net of provisions 5,684 5,667
Other current assets 892 800
Insurance proceeds receivable - 85
Properties identified for sale 8,816 12,491
Net assets of discontinuing operations 990 ' 2,886
17,373 23,045
Capital Assets
Property and buildings 2,859 2,899
Equipment 2,657 2,974
Leasehold improvements 1,960 2,157
7,416 ; 8,030
Investments 2,500
Goodwill 4,110 4,110
; $ 31,459 35,185
Liabilities and Shareholders’ Equity
Current liabilities
Bank overdraft $ 3,869 587
Accounts payable and accrued expenses 6,483 6,740
Current portion of bank loans 1,972 2,604
Current portion of preference shares 2,000 2,000
14,324 11,931
Long-term liabilities
Bank loans 4,595 7,142
Preference shares 5,900 5,900
10,495 ~—~~«*1:;,042
Shareholders’ equity
Ordinary shares 7,946 7,946
Capital paid in excess of par 2,908 2,908
Property revaluation surplus 697 697
Accumulated deficit 4,911 1,339
6,640 10,212
$ 31,459 35,185

CONSOLIDATED STATEMENT OF OPERATIONS

(B$000) (unaudited)

Sales

October 31, 2006

3 months ended
October 31, 2005
(restated)

3 months ended

$ 18,267 17,241

Cost of sales (13,011) (12,473)
ross profit 5,256 4,768

Selling, general and administration
Other income
Net operating loss

Interest expense

Dividends on preference shares

Net loss from continuing operations

Net loss from discontinuing operations

Re ss for the period
Loss ger share

ee oe

(5,566) (5,287)
76 46
(234) (473)
(168) (201)
200 200
(602) (874)
(151) (374)



Abaco Markets

Ltd. P.O. Box SS-6322

Financial
Focus |

| . ; By Larry Gibson




bar (middle class status) will
remain too high. When I talk
about most people being able
to attain middle-class status, I
have to carve out some excep-
tions. For example:

“People not blessed with
good, or at least decent, physi-
cal and mental health. It's hard
to achieve much if you can't
work. Illness, disability, addic-
tion, depression and other
afflictions can stop your eco-
nomic progress in its tracks.

“People who wait too long
to start saving. If you hit your
50s, have never saved a dime
and get bucked off the eco-
nomic horse - by a layoff, ill-
ness, disability, whatever - your
chances of being able to recov-
er sufficiently may be dim.

“People who can't or won't
change. The alterations you
need to make might be small,
such as eating out less so you
can put more into savings or
your pension fund. Or the
adjustments might be big, such
as moving to another area or
heading back to school to
update your skills. Folks who
are willing to consider their
options, and then act, are going
to be better off than those who
insist it's the world that needs
to change, not them.”

One of the biggest problems
preventing Bahamians from
‘moving up the economic lad-
der’ is the lack of separation
between ‘genuine needs’ and



ABACOMARKETS -

‘wants’. If you take a cursory
look around Bahamian society,
you will be bombarded with
examples of persons whose
ratio of, say, car payments to
total income, rent payments to
total income, clothing expenses
to total income, etcetera, is
totally out of proportion to pru-
dent standards.

In addition to the above, Pul-
liam also cited four additional
impediments to economic
advancement which are quoted
below:

1. “There are fewer good
jobs for those who don't have
college educations. A decline ,
in manufacturing, waning union
power and increased globali-
aation mean it's tougher than
ever to get into the middle class
without a college education.
But globaliaation and out-
sourcing are sniping away at
white-collar jobs as well, and a
fast-evolving economy mean
few can be content to end their
educations after four years.

2. “The price tag for educa-
tion is rising, Education was,
and still is, the ticket to a more
affluent life. Education is even
more vital today, but the cost of
a college education has sky-
rocketed and financial aid has-
n't kept up, even as the com-
parative worth of a degree has
shrunk. Loans have replaced
grants as the primary source of
financial aid, and too many stu-
dents graduate with crippling
debt.

3. “Health care and health
insurance costs are soaring. We
(the US) have 47 million unin-
sured, and health care costs eat

LIMITED
ah












CONSOLIDATED STATEMENT OF OPERATIONS

(B$000) (unaudited) 9 months ended 9 months ended
October 31, 2006 October 31, 2005

(restated)

Sales $ 54,063 50,100
Cost of sales — (38,292 35,717

ross profit 15,77 43

Selling, general and administration (15,985) (15,396)
Other income 145 208
Net operating loss (69) (805)
Interest expense . (467) (711)
Dividends on preference shares (601) (601)
Insurance proceeds - 3,003
Net (loss)/profit from continuing operations (1,137) 886
Net loss from discontinuing operations (935) (1,299)
Restructuring charge (1,500) (625)
Net loss for the period $ (3,572 (1,038)
Loss per share ($0.225) ($0.065)

CONSOLIDATED STATEMENT

(83000) (unaudited)
No. 0 (Accumulated Share Contibuted Revaluation otal
. Delicit/ Capital
Retained
~ Eamings

(restated)

Shares,



OF. SHAREHOLDERS’ EQUITY

Surplus Surplus



January 31, 2006 15,892 $ (1,339) 7,946 2,908 697 10,212
Net loss for period g (3,572) - : (3,572)
October 31, 2006 15,892 4,914 7,946 2,908 697 6,640
January 31, 2005 15,892 7,946 2,908 660 11,514
Net loss for period 1,038 z 2 1,038)
October 31, 2005 15,892 $___ (1,038) 7,946 “2,908 660 10,476


















bega

tured our pre

previous agreement.

continued. support during this process.
; See |

~ R, Craig Symonette, CEO & Chatirnan

January 30, 2007. :



$1,027m, or. 6%, compared to the same perlod of the previous year for our conti
increase-(n the’ group's net margin. despite Inflationary: pressures: which we are te
lees along Mu area al ty operational costs to, mi
peal 0

Q “a ~ strategy.
inating $260k of monthly bank paymen also leased back s
ycate our on GR Freepat club store to help rebuild our market In: Gi
Company restructured our preference shares in late December, 2006, with shares now classitie
~ Class:B. The Class B shareholders, who after.the restructuring account for 60% of the issue
extend the maturity date of thelr shares by 3 years, at an interest-rate of 8.5% for the exten
allow for the repayment of the $7.9m debt over a 6 year period Instead of a 4-year period as

Certainly, we continue to face challenges and are very much focused on our core markets to: Improve: our
operations, control our costs and, most Importantly Improve our Cues execs OF Cae CE.
products at a real avery day value, We are steadily regaining the market share lost in the past and rebullding the.
confidence our customers have In our storas.. While there Is still much work to be done, the sustained Improvement.
we are seeing in our operations indicates that we are heading in the right direction a

- Town Centre Mall, 2nd level, Blue Hill Road -




‘the late 19
le also. lea


















Improve

nd we thank you for: your

Nassau, The Bahamas Tel: 242.325.2122

a big chunk out of the budgets
of many who do have cover-
age.

-4, “Lenders don't care who
can afford to borrow. Lenders
were simply more conservative
before the advent of credit
scoring and securitisation (the
process in which most loans are
bundled up and sold to
investors). As lenders discov-
ered more ways to manage risk,
their willingness to extend cred-
it soared, especially in the past
15 years.”

. The preponderance of new
credit extended in the Bahamas
tends to be for consumer items,
which has no long-term wealth
building attributes attached to
it.

Land and Housing Costs _

If you were to examine the
balance sheet for most Bahami-
ans, you will see that a large
proportion. of their net worth
is represented by real
estate...usually their home.
However, home ownership is
becoming too expensive for the
average Bahamian. J] remem-
ber when the Government built
‘low cost’ housing to sell to
Bahamians. Now, with the last
lot of Government built-hous-
es being sold in excess of
$140,000, the name has subtly
changed to ‘affordable’ hous-
ing.

An unintended effect of all
the ‘anchor projects’ proposed
is that land costs are soaring as
a result of these anticipated
developments. Try buying a lot
today in Exuma, Abaco,
Eleuthera or Cat Island. Lots in

CONSOLIDATED STATEMENT OF CASH FLOWS

(B$000) (unaudited) 9 months ended $9 months ended
October 31, 2006 October 31, 2005
(restated)
Cash flows from operations
Net (loss) for the period $ (3,572) (1,038)
Adjustments for:
Depreciation and amortisation of franchise fees 2,045 2,661
Dividends on preference shares 601 601
Decrease in insurance proceeds receivable 85 1,212
Restructuring and impairment reserve 1,500 625
Loss on disposal of capital assets 206 54
(Decrease) in inventory provision (494) (380)
Increase/(decrease) in provision for doubtful debts _53 233
Operating cash flow before changes in working capital 424 3,502
Working capital source/(use)
Merchandising inventories 1,579 615
Accounts receivable 326 727
Other current assets (147) 643
Accounts payable and accrued expenses 2,269 639
Net cash (used in)/provided by operating activities (87) 6,126
Investing activities source/(use)
Additions to capital assets (940) (1,543)
Investments (2,500) -
Proceeds from sale of assets - 73
Proceeds from disposals of capital assets 4,015 -
Net cash provided by/(used in) investing activities 575 (1,470)
Financing activities source/(use)
Repayment of bank loans (5,680) (3,501)
New bank loans 2,500 -
Dividends paid on preference shares 533 533
Net cash used in financing activities 3,713 4,034
(Decrease)/increase in cash $ (3,225) 622
Cash, beginning of period 153 (374) -
Cash, end of period (3,072) 248
Change for period $ (3,225) 622



1, ACCOUNTING POLICIES

These interim financial statements have been
prepared in accordance with International
Financial Reporting Standards using the same
accounting policies and methods of computa-
tion as the Consolidated Financial Statements
included in the 2005 Annual Report.

The consolidated financial statements include
the accounts of Abaco Markets Limited (“the
Company") and its significant wholly owned
subsidiaries: AML Foods (Nassau) Limited,
Solomon's Club (Freeport) Limited, Cost Right
Limited, Thompson Wholesale Limited and
Caribbean Franchise Holdings Limited,

2, DISCONTINUING OPERATIONS

On May 6, 2006, the Board of Directors
resolved to divest the Abaco and Turks opera-
tions as well as its Cedar Street property in
Freeport, as a part of a divestment strategy.
Accordingly, the income and net assets/labili-
tles are classified as discontinuing operations
in these Interim financial statements.








On June 30, 2006, the sale of Solomon's
Abaco for $3.75m plus inventory was com-
pleted. $3.5m of net proceeds received were
used to repay bank debt. On July 31, 2006,
the sale of Solomon's Treasure Cay for $323k
was completed.

Cash and cash equivalents comprise cash less bank overdrafts,

EXPLANATORY NOTES TO CONSOLIDATED INTERIM FINANCIAL STATEMENTS
‘ Nine months ended October 31, 2006

southwestern New Providence
routinely start around $60,000.
It was not long ago when
$60,000 got you several acres
of land in that area.

Conclusion

Before, there was an almost
automatic ‘rite of passage’ to
the middle class for the average
Bahamian. Today, I would
argue that the middle class is
becoming fractured, with some
moving to ‘upper middle class’
and others being shoved out of
this category altogether - result-
ing in a shrinking of the core
middle class group.

A shrinking middle class has
numerous socio-economic
implications for any economy,
A vibrant economy needs a
vibrant middle class if it is to
achieve sustainable long-term
economic growth,

Until next week...

NB: Larry R. Gibson, a
Chartered Financial Analyst, ©
is vice-president - pensions,
Colonial Pensions Services
(Bahamas), a wholly-owned
subsidiary of Colonial Group
International, which owns
Atlantic Medical Insurance and

is a major shareholder of Secu-

rity & General Insurance Com-
pany in the Bahamas.

The views expressed are
those of the author and do not
necessarily represent those of
Colonial Group Internation-
al or any of its subsidiary
and/or affiliated companies,
Please direct any questions or
comments to rlgibson@atlanti-
chouse.com.bs

































3. RESTRUCTURING CHARGE

The restructuring ‘charge represents an
estimate of the costs incurred in disposal of
the assets identified in Note 2, The costs
include stamp tax and other selling fees, pro-
vision for redundancies and provision for
capital losses.

4, PRIOR YEAR ADJUSTMENT

During the second quarter, the Company
identified an accounting error in its 2005
financial statements from an understatement
of accounts payable in its Nassau operations,
A review was performed which resutted in the
restatement of the net loss for the year ended
Januaty 31, 2006 from the previously
reported $302k to $1.3m.

5, SUBSEQUENT EVENTS

On December 13, 2006 the Company com-
pleted the sale of its Cedar Street property in
Freeport for $4.2m. The Company also
entered into a ten-year lease arrangement for
the property and intends to relocate Cost Right
Freeport business to the location,









































On December 31, 2006 the Company agreed
a restructuring of its preference debt whereby
47% of the total debt outstanding agreed to
extend the maturity date by three years at the
rate of 8.5% for extension years.















4B_ | TUESDAY, JANUARY 30, 2007

HOUSING

INTERNATIONALEDITION

MiamiHerald.com | THE MIAMI HERALD



States cracking | down on foreclosure fraud

BY JOSH FUNK
Associated Press

OMAHA, Neb. — After
Ivan Eicher lost his job, he and
his wife Delores fell several
months behind on their house
payments. Facing foreclosure,
they accepted an offer from a
company that promised to
help them keep the home
where they’d lived for more
than 20 years.

Without realizing what
they were doing, the couple
ended up surrendering owner-
ship of their home.

“It was just a really nice
song and dance,” Delores
Eicher said.

' The Eichers are among the
thousands of people who fall
each year for offers that prom-
ise to help them avoid foreclo-
sure but that leave them with
none of the equity they had
built.up in their property.
Their situation matches one of
the three common models of
foreclosure fraud the National
Consumer Law Center has
described in a report on the
growing problem.

The number of foreclosures
reported nationwide soared 42
percent in 2006 to 1.26 million,
according to RealtyTrac, an
Irvine, Calif.-based company
that tracks foreclosures. That
creates opportunities for more

foreclosure fraud, although
the exact number of cases is
difficult to determine because
they are generally lumped in
with other. kinds of fraud in
crime reports.

The Eichers thought they
were taking out a $1,700 loan
to help them pay the roughly
$4,700 in back payments they
owed on their mortgage. They

‘learned too late they had

signed their house over to
Mid-America Financial Invest-
ment and agreed to lease their
home from Mid-America
when they accepted that loan.
Although the couple no lon-
ger owned their home, the
mortgage remained in their
names, so they made their $554
payments on the loan through
Mid-America, along with
monthly fees of at least $100.

POPULAR SCHEME

Elizabeth Renuart, a staff
attorney at the National Con-

sumer Law Center who co-

authored the report on fore-
closure fraud, said such
schemes are popular in areas
of the country where home
values have soared, but any
homeowner who has been
paying a mortgage for many
years will have significant
equity and can be a target.

A second scheme described

INVESTMENT SERVICES

Merrill Lynch to buy

° MERRILL

into cash and stock. The offer
represents a 43.6 percent pre-
mium to First Republic’s Fri-
day closing price on the New
York Stock Exchange.

SHARES RISE, DIP

Shares of First Republic
rose $15.29, or 40 percent, to
$53.59 in morning trading on
the
Exchange. Merrill shares
dipped 95 cents to $93.58 in
the NYSE.

Merrill Lynch, which
earned $5.12 billion in 2005,
said it would repurchase on
the open market the number
of shares issued to complete
the deal. Merrill expects the
acquisition to add modestly to
earnings by the end of 2008.

First Republic has 43

BRITAIN

° STRIKE

made alternative arrange- -

ments. Last week, it offered
passengers a refund, the
opportunity to rebook for a
later date or a transfer to
another carrier if flights were
available.

WAGE INCREASE

Under the deal agreed on
with the union Monday, cabin
crew will receive a two-year
wage increase worth 4.6 per-

BANKS

° CITIGROUP

Global Consumer Group -
International, said that Citi
hoped to capitalize on Egg’s
reputation for a consumer-
friendly website and strong
brand recognition.

He said that Egg’s strength
has been its “ability to deal
with online customers in a
way that makes them happy
and sells them other products
as Ww ”

Citi, he said, can bring its
expertise to improve Egg’s
less-than-impressive lending
record and to provide new
products, including checking
accounts and investments
such as mutual funds.

At the same time, Banga
said, Citi could apply what it
learns from the Egg model to
its Internet operations in
other countries.

“I would like to take to as
many places as I can whatever
I can learn from them,” he
said.

New York | Stock.

First Republic Bank

offices located in key metro-
politan markets across the
United States, including Sili-

con Valley, Los Angeles, Las

Vegas, Portland, Ore., Seattle,
Boston, Greenwich, Conn.,
and New York City.

' The company has $7.9 bil-
lion in deposits and $7.6 bil-
lion in outstanding loans. Net
income after paying preferred
dividends totaled $46.3 mil-
lion for the nine months.

CEO, COO WILL STAY

Jim.Herbert and Katherine
August-deWilde will continue
as chairman and CEO and
president and COO, respec-

tively. Current directors will |

serve as the division’s advi-
sory board, which will con-
tinue to be led by the bank’s
current chairman, Roger Wal-
ther.

cent this year and the rate of
inflation in the second year.

The carrier also agreed to
remove a pay ceiling on cabin
crew who joined the company
after 1997, increasing the basic
wage from $30,865 to $38,058
when the 4.6 percent rise is
added.

Both sides also agreed to
new standards on sick leave,
which include taking ‘into
account good attendance and
other factors.

The union had been

The transaction, which is
worth 575 million British
pounds, will probably boost
earnings in the first year, Citi-
group said in a statement.

Egg was founded in 1998,
and it currently has more than
3 million customers. Its prod-
ucts and services include
online bill paying, credit
cards, personal loans, savings
accounts, mortgages and
insurance.

Citigroup’s British con-
sumer. business now serves
more than 1 million custom-
ers, primarily in the wealth
management and near prime
lending markets, and offers
current, savings, and foreign
currency accounts, credit
cards, investments, offshore
banking, personal loans, and
mortgages.

FIVE RETAIL BANKS

Citi currently has just five
retail bank branches and 100
consumer finance branches in
Britain. Banga said that the







NATI HARNIK/AP

COLD TRICK: Delores, left, and lvan Eicher unknowlingly
signed their house in Omaha, Neb., over to Mid-America
Financial Investment and agreed to lease it when they
accepted a loan after the threat of foreclosure.

in the report involves consul-
tants charging high fees to

help homeowners out of trou-,

ble but never delivering the
promised services. A third
involves an agreement where
a homeowner knowingly signs
over their home and agrees to
buy it back over time, but the
terms of the agreement make
it nearly impossible for the
homeowner to succeed.

The Eichers became part of
a lawsuit against Mid-America

in 2001. They eventually won
the title to their home back
after the Nebraska Supreme
Court ruled in 2005 that Mid-
America had defrauded them
and 12 other homeowners.
Scott Bloemer and. Elaina
Hollingshead, who run Mid-
America, did not respond to
The Associated Press’
requests for comment. Bloe-
mer and Hollingshead
defended their business prac-

.tices in court and argued that





unhappy about a new sick
leave policy introduced 18
months ago that tightened the
time allowed off, to counter
an average of 22 sick days a
year taken by its staff. The
new policy dropped that to 12,
which remains higher than
the British average of seven
days.

‘VERY DIFFICULT’

Union spokesman Tony
Woodley said the negotia-
tions had been “very difficult

increased online customer
base that comes with Egg
means “you'll see me building
a few more branches there.”
Prudential said the sale
will enhance its earnings per

share this year and the pro-.

ceeds will be used to redtice
net debt.

Prudential also said it jas
reached a preliminary agree-
ment with Citigroup on pro-
viding life and pensions prod-
ucts to Egg’s customer base
for a five-year period.

“The sale of Egg to Citi-
group realizes greater value
for our shareholders than
retaining the business within
the group,” Prudential Chief
Executive Mark Tucker said
in a statement. “Citigroup is
the largest credit card issuer
in the world and sees enor-
mous opportunities to
develop Egg’s business in the
U.K.”

Prudential is not affiliated
with Prudential Financial of
Newark, NJ.

the paperwork the Eichers and
others signed spelled out what
was involved in the deals. But
the courts ruled that Bloemer’s
and Hollingshead’s testimony
wasn’t credible.

CAN BE COMPLICATED

Renuart said foreclosure
rescue agreements can be dif-
ficult to decipher — even for
an attorney.

“It’s hard to make heads or
tails of these agreements,” she
said.

That’s one reason why at
least eight states have adopted
laws designed to help protect
consumers from the question-
able practices some foreclo-
sure consultants use. Nebras-
ka’s Legislature is considering
adopting such legislation this
year.

The laws vary, but gener-
ally all require the terms of
these agreements to be spelled
out in writing and offer home-
owners a chance to cancel the
agreements within a few days
of signing them.

For most of 2006, Colorado
was the state with the highest
residential foreclosure rate in
the nation, according to Real-
tyTrac. Colorado had one new
foreclosure filing for every 376
households in December.

The Eichers and a dozen



MICROSOFT

other homeowners who sued
said they never had a chance
to read the Mid-America loan
documents before signing
them because Bloemer and
Hollingshead rushed them
through the process.

One of the other people
who successfully sued Mid-
America, Steven Starman, said
he realizes now he should
have read the documents care-
fully instead of relying on oral
explanations.

“I made decisions based on
what I was told,” Starman said.
“They tell you what you want
to hear.”

Renuart and groups that
track foreclosures worry that
many more Americans could
fall victim to fraud because the
number of adjustable-rate and
interest-only mortgages taken
out in recent years will likely
contribute to a jump in the
number of foreclosures when
loan payments adjust upward.

RealtyTrac said 109,652
homes across the nation
entered some stage of foreclo-
sure in December, a nearly 9
percent drop from the previ-
ous month, but an increase of
35 percent from December
2005. The company reported a
national foreclosure rate of
one new foreclosure filing for
every 1,055 U.S. households.

Vista set to be
sold in stores

°VISTA

of Windows — which runs
more than 90 percent of the
world’s PCs — only came
today.

-Vista retails for $100 to
$400, depending on the ver-

{. sion and whether the user is



. JEFF CHIU/AP
GOOD DEAL: Buying First Republic Bank will allow Merrill
Lynch to tap into $10.7 billion of assets held by First

’ Republic, which provides several investment services.

British Airways averts costly strike

. We have had to try to
solve a multitude of problems
that have built up over a long
period of time,” he said.

BA Chief Executive Willie
Walsh said he was “very satis-
fied that the agreement is fair
and represents a solid founda-
tion for working together.
This is an outcome for the
future and I am really
pleased.”

BA shares closed 2.8 per-
cent higher at $10.62 on the
London Stock Exchange.

Citigroup to purchase Egg online bank

Shares in Prudential rose
1.6 percent to $13.98 on the
London Stock Exchange.

Citigroup shares slipped 67
cents, or 1.2 percent, to $54 in
afternoon trading on the
NYSE. Citigroup’s purchase
of Egg comes as online banks
are boosting interest rates to
attract deposits from people
who are getting year-end
bonuses or expect tax
refunds.

RAISING RATE

HSBC Bank USA said Sun-
day it was raising the interest
rate of its online savings
account to 6 percent — top-
ping its competitors. United-
Bank of Miami Lakes, Fla.,
offers a 5.35 percent annual
percentage yield, while Citi-
bank Direct is at 5 percent.

Egg pays 5.25 percent inter-

_ est on its online savings, said

a spokeswoman. ING offers
an annual equivalent rate of
4.75 percent in Britain,
according to its website.

Fe.

upgrading from Windows XP.

The Redmond, Wash.-
based software maker con-
tends that Vista is such a huge
improvement over previous
computing platforms that
users inevitably say “Wow”
when they see it.

Gates ticked off some
examples, such as how Vista
presents a slick 3-D graphical
user interface and document
icons that give at-a-glance
previews. Gates said the next
wow comes when people start
using a system-wide search
program that Microsoft’s
engineers built into both the
operating system and new
versions of Office.

DYNAMICS CHANGING

Vista comes as changing
dynamics of computing —
notably the rise of open-
source software and Web-
based services that replicate
what traditionally could be
done only on a desktop com-

puter — are threatening
Microsoft’s dominance in the
industry.

But Gates contended that
the operating system has a
higher profile than ever
before, as the PC has morphed
from a souped-up typewriter
to a networked entertainment
center, personal media library
and gateway to the Internet.

“When people think about
their PC, they think about
Windows even more than
who the manufacturer is. That
determines how it looks, how
you navigate, what the appli-
cations are that are available,”
Gates told The Associated
Press. And in this case, Vista
has folded in programs that
users once bought separately
— including automated
backup systems and some
spyware protections.

Microsoft built Vista so
that different layers could be
upgraded separately, so it’s
possible that this is the last
massive, all-in-one update for
Windows. No matter how
Microsoft chooses to roll out
Vista’s successor, Ballmer

said there’s still work to be
done.

“There’s so many areas in
which we need innovation.
Developers need a richer plat-
form if we’re going to get
speech, voice, natural lan-
guage, and more rich 3-D-type
graphics into the user inter-
face,” Ballmer said. Plus, the
technologies around the PC
— chips, storage, high-defini-
tion DVD will all evolve, he
said. “The operating system
will need to evolve with
them.”

“Frankly, we’ve got a very
long list of stuff our engineers
want to do, a long list of stuff
that the companies here want
us to do,” he said.

Over the weekend, Dell
started taking orders for PCs
with Vista. Kevin Rollins,
Dell’s chief executive, said the
company’s website saw a 20
percent jump in traffic, with
“tens of thousands of copies”
of Vista sold for delivery
today or later.

In Tokyo, about 80 people
lined up Monday night at the
Bic Camera Department Store
to become among the world’s
first consumers to own Vista.
Celebrities and executives
were on hand as a large-
screen TV displayed a count-
down to the midnight launch.

The second person in line,
Fumihiko Koyama, 33, waited
three hours and was hoping
the new operating system will
make his work in Web design
easier.

HIGH HOPES

“My expectations are very
high for Vista,” he said. “I
want to try it out because it’s
new.”

For a morning store cele-
bration today, DSG Interna-
tional PLC’s flagship PC
World store in central Lon-
don hired costumed charac-
ters, including Sherlock
Holmes for security and a
movie star for multimedia.

PC World spokesman
Hamish Thompson said some
retailers are banking on Vista
to push customers toward the
higher-end machines needed
to run Vista — which imposes
such hardware requirements
as 1 gigabyte of system mem-
ory, or RAM.

Microsoft shares fell 7
cents to close at $30.53 on the



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THE TRIBUNE

@ By CARA BRENNEN-BFHEL
_ Tribune Business Rep/‘ter

A CRITICAL shortag Of skilled
and qualified tradesmen: leading to
the mass importation of *reign work-
ers and escalating conguction cost,
the president of the Rhamas Con-
tractors Association (KA) said yes-
terday.

Terrance Knowle;added that in
addition to skilled trdesmen, not just
labourers, there was particular short-
age of foremen, suervisors, estima-
tors and project maagers. ;

He said this shctage, right in the
middle of the constuction boom gen-
erated by foreigy direct investment
anchor projects, ad the domestic real
estate and mortage markets, meant

that increasingl, Bahamian building.

companies were forced to hire hun-
dreds of workers from abroad to meet
the demand.

Mr Knowles explained that in order
to address the situation, two approach-
es had to be used - short-term solu-
tions and long-term solutions.

“ The Government has launched,
with Kerzner International and Baha
Mar, an apprentice programme, which
allows people to take part in an accel-
erated training programme on the job,”
the BCA head said.

Mr Knowles added that while this
meets immediate needs, something
needed to be done to ensure that in
the long-term, the Bahamas has highly
skilled persons who have had the eight
to 10 years of specialised training nec-
essary to take over supervisory and
foreman jobs.

He said Bahamians are interested in
becoming trained and gaining experi-
ence in these professions, and while
he credited the Bahamas Technical
and Vocational School (BTVJ) for all
its efforts, he added that it was hin-
dered by lack of funding, teachers and
resources to address demand.

There also appeaed to be a lack of
commitment to providing these
resources. ,

Mr Knowles said the large-scale
importation of workers was cause for
concern. “There is a fear that that once
these workers come in, they will get
jobs and not leave. That is something
that happened during the 1990s, a num-
ber.of them didn’t leave,” he said.

The other issue, Mr Knowles said, is
that with these foreign workers there is
not the transfer of knowledge.

TUESDAY, JANUARY 30, 2007, PAGE 5B

i iii ie ea
Skilled ‘abour shortage hits construction sector

As things stand now, he said that
once the supervisors, project managers,
estimators get to a certain point in their
careers, there are no mechanisms in
place to ensure they get the training
they need to take over the top posi-

. tions.

While the onus can be placed on
contractors to put apprenticeships in
place, he said it would be a very expen-
sive process.

Mr Knowles said the BCA was still
pushing for a Local Preference Act,
which would level the playing field
with foreign contractors. For more than
a year research has been done to deter-
mine the feasibility of such an Act.

.Mr Knowles had previously said the
amendments to the Business License
Act had attempted to address this, with
foreign contractors now required to



pay 1 per cent of the value of each con-
tract they obtain to the Government.

However, the BCA sees a Local
Preference Act, similar to legislation in
force in Dade County, Broward Coun-
try and Palm Beach County in Florida,
as critical to enabling them to com-
pete on more level terms.

Mr Knowles said that at the moment,
the Act is “still out there”, although
he is not sure what form it will take. He
added that the responsibility has to be
on the workers to ensure they have
the skills to be entitled to the prefer-
ence.

Pressure on wages as a result of
labour shortages in the construction
industry was increasing, Mr Knowles
said, adding that to attract people with
so many companies hiring, many per-
sons are being overpaid.



FROM page 1B

historical ties to that area which need to
be developed, particularly due to St Augus-
tine,” Mr Corrish said.

Noting the potential for an increased
demand for airlift from the Jacksonville
area and its surrounding counties, Mr Cor-
nish said the Abaco Office was working in
conjunction with the Ministry’s airlift divi-
sion to determine the possibility of direct
flights between Abaco and Jacksonville.

Mr Cornish said this could have enor-
mous potential, given that Jacksonville is
one of the fastest growing cities in terms
of land development, and has a very. large
second home market.

On the trip, Mr Cornish was accompanied
by Doranell Swain, also from his office;
George Wilmore, a Bahamian businessman
‘and sports fisherman; and Revis Rolle, a
Bahamian government official.

. For four days the delegation toured St
Augustine and Jacksonville, meeting busi-

Abaco moves to erred
_ ties to Jacksonville

ness owners and representatives from the
Jacksonville and the Beaches Convention
and Visitors Bureau. According to Jack-
sonville’s Financial News and Daily Record,
John Reyes, president of the CVB, said the
meetings went well and the groundwork
for a future relationship has been estab-
lished.

Group

“The group from the Abacos let ts know _

that Jacksonville is one of their top markets.
There is an opportunity for the reople in
the Abacos to come to Jacksonville. We
can do general cross-marke‘ing promo-
tions,” hé said.

“There is a possibility the “VBs and the
Abacos’ Web sites can be us¢d to cross pro-
mote each destination.

“They promote themse/ves as a family-
oriented and nature-baseddestination, and
so is Jacksonville,” said Mr Reyes.

“Jacksonville seems p be a city going

through a population explosion. That says
to us there are a myriad of opportunities
and potential. We have noticed in the North
Florida area the shopping is even better
than in the Abacos. There are great oppor-
tunities for reciprocity.”

“We are currently going through a boom
in our economy, too,” Mr Rolle added.
“Last year, we had a 5.7 per cent growth
rate in our economy. The analysts are pre-
dicting 6.5 per cent and 6.7 per cent over the
next two years. That is phenomenal.

“As a result, we have a construction
industry that is exploding. We definitely
need building materials, and we feel this
area can help us.”

Mr Rolle said he and Mr Cornish were
working with the Jacksonville Sister Cities
division to establish an official Sister Cities
relationship between Jacksonville and
Marsh Harbour.

“We are looking to bring not only tourists
to our shores, but investors as well,” he
said.

LNG proj ect gains two-year extension



IBM Bahamas Limited

NOTICE

IBM Bahamas Limited will be closed from |
12 noon on Wednesday, January 31,

2007, and will reopen at 8:30a.m.° on
Thursday, February 1, 2007.

We apologize for any inconvenience this
may cause.
please call

For emergency _ services

(242) 323-1500.



FROM page 1B

be approved, given the state’s
power demand.

AES has been waiting
patiently for five years - having
spént- some $65 million
between June 2001 and Feb-
ruary 2006 to keep the project
alive - for a decision from the
Prime Minister and his Cabi-
net. .

A Heads of Agreement has
been drafted, and is only await-
ing a final government sign-
off. Yet the Prime Minister has
proceeded at a cautious pace
on LNG, concerned over

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PROFILE:

* Bachelors Degre in Finance

° STEP Qualifica‘on

* 10 years experince in advising clients on fiduciary services and developing
appropriate leal structures

* Superior orgaization, communication, interpersonal and computer skills

whether it fits in with th
Bahamas’ tourism image, ami
a lobbying campaign agaist
the project by environmenal-
ists.

He is also concerned alout
whether the Bahamas ha the
resources and expertise to
monitor and enforce arenvl-
ronmental manageme? plan
for Ocean Cay, here the
drafting of regulation before
the project is approvd. _

Yet the BahamasEnviron-
ment, Science and /echnolo-
gy Commission (BEST)
approved AES's Bvironmen-
tal Impact Assessnent (EIA)
backin 2003. ~ |

Leslie Miller minister of

agriculture and fisheries, has
previously said the Bahamas
could earn $1.2 billion in rev-
enue over the lifetime of the
AES project.

When completed, the pro-
ject promises to create perma-
nent jobs that could be filled
by Bahamians with engineer-
ing and science-related degrees
and qualifications. Such skilled
workers have relatively few
opportunities in the current
economy, and the AES pro-
ject would give much-needed
diversification.

The major benefits from the
AES Ocean Express project
are likely to come from rev-
enues paid by the company to

2am

RESPON/IBILITIES INCLUDE:

° Client Reltionship Management

° Investmet of client funds

* Monthlymanagement reports ©

* Quarteyy reports to clients

* Businés development and marketing activities
* Accont opening formalities

. Invecing & booking fees

° Estte Planning

° Adninistration of Trusts

° Poduction of trust deeds, letter of wishes & testamentary trusts

FIDELITY BA\K (BAHAMAS) LIMITED

A MEMBER OF HE FIDELITY GROUP OF COMPANIES

invites qualified :pplicants for the following position:

| MANAGER - |
Private Bankirg & Wealth Management Services

The applicant must hve the following minimum qualifications:

the Public Treasury. Apart
from annual business licence
fees and sums paid to lease the
sea bed and land on Ocean
Cay, AES Ocean Express
would also pay a throughput
fee linked to the Henry Hub
natural gas index.

When the price of LNG
pumped to Florida by AES
exceeds the Henry Hub index,

‘ the Government would gaina

percentage of the additional
revenues. The Tribune under-
stands that last in 2005, this
would have generated an extra
$40-$50 million for the Gov-
ernment.

Such money, although
unbudgeted, could be used to
defray the costs of unantici-
pated spending in other areas,
such as BEC's fuel imports.

(SHIRLEY & CHURCH S
: AS



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«

4E TUESDAY, JANUARY 30, 2007

SOCCER

INTERNATIONAL EDITION

MiamiHerald.com | THE MIAMI HERALD

SOCCER | COLLEGE BASKETBALL | ETC.

No Ronaldo deal yet for Milan

From Miami Herald Wire Services

Real Madrid and AC Milan
didn’t agree on a transfer of
Brazilian striker Ronaldo to
the Italian club during a meet-
ing at Madrid’s Santiago Ber-
nabeu stadium on Monday.

Milan vice president Adri-
ano Galliani met with Madrid
president Ramon Calderon
for more than three hours but
could not agree on the price —
$9 million — and the means of
payment for the 30-year-old
Ronaldo’s move, Galliani told
reporters as he was leaving the
Bernabeu. :

Galliani, who traveled to
Madrid to handle the case in
person, added that negotia-
tions will continue today.

ELSEWHERE

e England: Manchester
United, Chelsea and Arsenal
were kept apart in the fifth
round of the FA Cup.

Manchester United, the
record 1l-time FA Cup cham-
pion seeking its first trophy in
the competition since 2004,
was drawn Monday to play
Reading at Old Trafford.

It’s the third consecutive
round that United will face a
Premier League club. It has
already eliminated Aston Villa
and Portsmouth.

Chelsea drew a non-Pre-

SPORTS ROUNDUP



DANIEL OCHOA DE OLZA/AP
HOLDING PATTERN: AC Milan
has made an undisclosed
offer for Ronaldo, above.

mier League side for its home
match, playing the winner of
the Feb. 13 fourth-round replay
between Blackpool and
League Championship team
Norwich. At seventh in
League One, Blackpool is the
lowest-ranked club left in the
competition.

The Blues have already
beaten League Two team Mac-
clesfield and League One club
Nottingham Forest since
entering the competition in
the third round.

The winner of the Arsenal-
Bolton replay will host Black-
burn. Arsenal rallied to draw

1-1 with Bolton in the fourth’

Pitt outlasts
Villanova;
Butler rolls

From Miami Herald Wire Services

Levance Fields scored 20
points and Aaron Gray had 14
points and 10 rebounds, lead-
ing No. 7 Pittsburgh over Vil-
lanova 65-59 on Monday night
in Philadelphia.

Antonio Graves had 13
points, including a clutch
3-pointer in the closing min-
utes, to help the Panthers
(20-3, 8-1 Big East) win for the
10th time in ll games. Pitt set a
school record by reaching the
20-victory mark for the sixth
consecutive season.

Curtis Sumpter scored 21
points for Villanova (14-7, 3-5).
The Wildcats were seeking
their third victory over a
ranked opponent this month.

... Pete Campbell scored
17 points, Mike Green added
16, and No. 13 Butler (20-2, 8-1
Horizon League) avenged one
of its two losses this season
with a 71-45 rout of visiting
Illinois-Chicago (9-14, 4-5).

e@ New AP poll: For Indi-
ana and Southern California, it
was a short stay in the AP Top
25. Stanford and Vanderbilt
will try to hang around longer
now that they’ve cracked the
rankings for the first time this
season.

No. 23 Stanford and 24th-
ranked Vanderbilt entered
The Associated Press college
basketball poll and have
become surprising contenders
in their leagues.

Meanwhile, the Hoosiers
and Trojans dropped out of
the media poll a week after
they made their season debuts.
Both lost their first games as
ranked teams. ;

Florida and Wisconsin are
Nos. 1] and 2 for a third consec-
utive week, but the rest of the
top five got a slight makeover
— which has become a weekly
occurrence.

Heading into Sunday night,
it looked like the top five
teams in the AP poll would be
unchanged for the first time
this season. But UCLA
couldn’t hold a halftime lead
and its 75-68 loss at Stanford
dropped the Bruins two spots
to fifth. No. 3 North Carolina
and No. 4 Ohio State each
moved up one spot.

Defending national cham-

pion Florida received 45 first-.

place votes out of a possible
72. Wisconsin, 21-1 for the first

time in school history,
received 24 first-place votes
and North Carolina got three
first-place votes. Completing
the top 10 were No. 6 Kansas,
followed by Pittsburgh, Duke,
Oregon and Texas A&M,

Moving back into the rank-
ings was Texas, which fell out
of the Top 25 last week for the
second time this season. The
22nd-ranked Longhorns
snapped a two-game losing
streak by beating Nebraska on
the road last week and fol-
lowed it up with a home vic-
tory over Baylor.

No. 11 Memphis starts the
second 10 in the rankings, fol-
lowed by Oklahoma State, But-
ler, Marquette and Nevada.
No. 16 Virginia Tech, two
weeks after moving into the
poll for the first time in more

‘than a decade, moved up eight

spots after beating Miami and
Georgia Tech last week.

Air Force, Washington
State, Alabama, which
dropped seven spots to No. 19
after losing twice last week,
and Arizona round out the top

20. Arizona dropped three:

spots after a 92-64 loss to
North Carolina, the most lop-
sided home defeat for the
Wildcats under coach Lute
Olson.

Notre Dame starts the final
five, followed by Texas, Stan-
ford, Vanderbilt and Clemson,
which fell six spots after losing
twice.

e Elsewhere: Duke for-
ward David McClure is
doubtful for the 10th-ranked
Blue Devils’ game against Vir-
ginia with a knee injury, coach
Mike Krzyzewski said.
McClure hyperextended his
left knee after a collision in the
second half of Duke’s 75-61
victory against Boston College
on Sunday. An MRI after the
game showed no structural
damage to the knee. It was the
same knee that was hurt in
2005 and kept McClure side-
lined for the entire 2005-06
season. ... Tennessee junior
Chris Lofton tried running on
his right ankle for the first
time since his injury, and
coach Bruce Pearl said he
will make a game-time deci-
sion Wednesday on whether
the Southeastern Conference’s
leading scorer plays against
Georgia.

round on Sunday, with the
replay set for Feb. 14 at Reebok
Stadium. West Bromwich
Albion will play at either
League One club Bristol City
or Middlesbrough. The fourth-
round replay is set for Feb. 13

~ at Middlesbrough.

Fulham hosts London rival

‘Tottenham in the only other

all-Premier League match. In
other matches, it will be: Wat-
ford vs. Ipswich; Preston vs.
Manchester City; and Plym-
outh vs. Derby. The fifth
round is set for Feb. 17-18.

Chelsea has reached the
final-of the League Cup, Eng-
lish soccer’s second-tier club
knockout competition, and
will face either Arsenal or Tot-
tenham for the trophy. ...

A grandmother who sued a
newspaper over claims that
soccer star Wayne Rooney
paid her for sex had her libel
case thrown out of court.

Patricia Tierney, a 52-
year-old grandmother of 16,
denied the claim published in
The Sun newspaper in August
2004 that she was a sex
worker at a Liverpool massage
parlor allegedly used by the
Manchester United striker.

e Czech Republic: Chel-
sea goalkeeper Petr Cech
returned Monday to the Czech
Republic squad for a friendly

ETC.

e Baseball: Roger Clem-
ens was on the mound in
Astros gear Monday, still
undecided about whether he'll
pitch for Houston or any other
major league team this season.
The 44-year-old right-hander
threw almost an hour of bat-
ting practice during the club’s
pitching and hitting camp at
Minute Maid Park... . Slugger
Barry Bonds and the San
Francisco Giants finalized a
one-year contract, a baseball
official said.... Sammy Sosa
and the Texas Rangers
wrapped up weeks of negotia-
tions and agreed to a minor-
league contract that was to be
announced today. ... The Col-
orado Rockies announced that
trade talks with the Boston
Red Sox about a possible deal
that would have sent slugger
Todd Helton to Boston have
ended and “there will be no
further discussions.” ... Red
Sox star pitcher Curt Schil-
ling said he will not retire at
the end of the 2007 season as
previously indicated and plans
to pitch in 2008. ... Nolan
Ryan was at Houston Astros
pitching camp and said he was
feeling well after a stint in the
hospital last weekend. The 59-
year-old Hall of Fame pitcher
was released from the hospital
Saturday evening after being
admitted Friday for what he
said was an artery spasm....
Outfielder Preston Wilson
agreed to a one-year, $1 mil-
lion contract with the Cardi-
nals after helping St. Louis
capture its first World Series
title in 24 years. ... Right-
hander Claudio Vargas and
the Milwaukee Brewers
agreed to a one-year, $2.5 mil-
lion contract. ... The Balti-
more Orioles reached one-
year agreements with outfield-
ers Nick Markakis and Adam
Stern, and pitchers Kurt Bir-
kins and Ryan Keefer. ... Art

against Belgium next week.

Cech was out for more than
three months after fracturing
his skull in an Oct. 14 collision
with Reading midfielder Ste-
phen Hunt in the Premier
League. He returned for Chel-
sea on Jan. 20 against Liver-
pool. “He is still our No. 1,”
national squad spokesman
Lukas Tucek said.

Coach Karel Bruckner
named Arsenal midfielder
Tomas Rosicky, Lyon striker
Milan Baros and Monaco for-
ward Jan Koller to his 18-man
squad for the Feb.’7 match.

e Netherlands: Feyen-
oord will find out by Feb. 9 if it
will be allowed back into the
UEFA Cup. The Dutch team
has filed an appeal with the
Court of Arbitration for Sport
against its exclusion from the
European competition. Last
week, UEFA expelled Feyen-
oord and fined it $80,000 for
fan trouble during a match
against Nancy in November.

e France: Brazilian defen-
sive midfielder Fabio dos
Santos Barbosa joined Lyon.
Santos Barbosa, 26, joined
from Brazilian club Cruzeiro
on an unspecified contract.
Lyon also signed defender
Nadir Belhadj from Sedan
and striker Milan Baros from
Aston Villa in January.



TOM MIHALEK/AP
A CLOSE-UP LOOK: Pittsburgh’s Aaron Gray drives past
Villanova’s Will Sheridan for two of his 14 points

during Monday night’s 65-59 victory in Philadelphia.

Fowler, who pitched for the
Los Angeles Dodgers’ 1959
championship team and
became a pitching coach for
five major league clubs, died
Monday. He was 84.

e NFL: Mike Singletary
was added to the list of candi-
dates to become coach of the
Dallas Cowboys. The Hall of
Fame linebacker will inter-
view today with team owner
Jerry Jones. He’ll become
the eighth candidate consid-
ered to replace Bill Parcells.

e College’ football:
Charges won't be filed against
former California star Mar-
shawn Lynch despite an Oak-
land woman’s accusations that
he choked, slapped and sexu-
ally assaulted her, prosecutors
said.... Bobby Ross retired

‘as Army’s coach without a vic-

tory over Navy in his three
seasons with the Black
Knights. Ross, who had a 9-25
record at Army, will be suc-
ceeded by offensive-line coach
Stan Brock.

e Tennis: Maria Shara-
pova returned to No. 1 in the
rankings despite a lopsided
6-1, 6-2 loss to Serena Wil-
liams in Saturday’s final of the
Australian Open. ... Spain’s
Oscar Hernandez beat three-
time French Open champion
Gustavo Kuerten of Brazil
7-6 (7-2), 7-6 (7-3) in round-

‘robin play in the Movistar

Open in Vina Del Mar, Chile.
... Second-seeded Marcos
Baghdatis of Cyprus
advanced to the second round
of the Zagreb (Croatia) Open
after beating Florent Serra of
France 6-2, 7-6 (7-5).

e Golf: Michelle Wie was
offered a sponsor invitation to
the Kraft Nabisco Champion-
ship, among seven pros and six
amateurs invited to the first
LPGA Tour major of the year.

Sergio Garcia will
become the latest pro to
design a golf course in Dubai.





PEOPLEINSPORTS ts











REED SAXON/GETTY IMAGES

WITH A KISS

San Antonio Spurs point guard Tony Parker shows
affection for girlfriend and actress Eva Longoria after
arriving at the Screen Actors Guild Awards on Sunday
in Los Angeles. Hours earlier, Parker and the Spurs
beat the Los Angeles Lakers 96-94 in overtime, :

aene : oe

After being scorched by the Phoenix Suns, Cleveland Cav-
aliers star LeBron James got roasted.

James’ foundation hosted a celebrity roast Sunday night in
Cleveland, with about 260 patrons paying $1,000 apiece for
dinner and the chance to hear comedians Cedric the Enter-
tainer, Alex Thomas, Paul Rodriguez and Ralphie May

poke fun at “King James.”

Cleveland’s All-Star forward sat center stage on a red
throne trimmed in gold, using a folded white towel to shield

his face when laughing.

There were plenty. of jokes, even though the event, called
“A Toast to the King,” followed'the Cavaliers” 115-100 home
loss to Phoenix in which James scored 30 points.

“I knew something was special about LeBron when they
started televising his high school games... . Who’s the dude
with the beard? They got one of the coaches playing. Some-
body’s dad is playing the game,” Thomas said.

After dinner and a video about the James Family Founda-
tion, James told the crowd that one of its goals was to help

children in single-parent homes.

“IT don’t know how she did it, to raise me,” he said of his
mother, Gloria, who was in the audience. “I would not be

able to raise my son myself.”

Robinson honored

Reggie Jackson and
Rachel Robinson led a
salute to the 60th anniver-
sary of Jackie Robinson’s
breaking of the “color line”

at the 84th annual New York |

baseball writers’ dinner Sun-
day night in New York.
“Jackie was a special per-
son for all of us here in
America, not only for people
of color, but for all,” said
Jackson, who introduced
Robinson’s widow, Rachel.
“At this point in my life, I
can only hope that I can look
forward to even more prog-
ress for our game,” she said.
New York Mets manager
Willie Randolph, former
Yankees catcher Elston
Howard’s widow and Hall
of Famer Frank Robinson
all took part. Hall of Famers
Cal Ripken Jr. and Tony
Gwynn also were there, as
were MVPs Ryan Howard
of the Philadelphia Phillies
and Justin Morneau of the
Minnesota Twins and Cy
Young winners Johan San-
tana of Minnesota and
Brandon Webb of Arizona.

‘It’s incredible after 20 hours
there are three cars on the same
lap. It was like qualifying every

lap. Very exciting.’

- JUAN PABLO MONTOYA, Nextel Cup
driver, after earning his first sports car title
by helping his team win the Rolex 24 sports
car endurance race Sunday at Daytona.

FLASHBACK

On this day in history:

Big day at Duke

Duke retired Shelden
Williams’ No. 23 jersey on
Sunday, honoring the two-
time National Defensive
Player of the Year who
helped the Blue Devils win
three conference titles.

The 6-9, 250-pound for-
ward became the 12th player
in school history to have his
jersey retired. Williams,
who plays for the Atlanta
Hawks, was honored during
halftime of the Duke-Boston
College game.

Williams averaged 13.9
points during his four-year
career (2002-06) and set
school career records with
422 blocks and 1,262
rebounds. He helped the
Blue Devils reach the 2004
Final Four and make three
trips to the NCAA Tourna-
ment’s round of 16 before
being picked fifth overall in
last summer’s NBA Draft.

“T never actually thought
about having my jersey
retired,” Williams said. “I
knew it was something that
if Ihad a chance, it would be. °
great to have.”



1971 — In college basketball, UCLA starts its 88-game
winning streak with a 74-61 victory over UC Santa Barbara.

1999 — In tennis, Martina Hingis captures her fifth
Grand Slam title and third consecutive Australian Open with
a 6-2, 6-3 victory over France’s Amelie Mauresmo.



PAGE 6B, TUESDAY, JANUARY 30, 2007



aol am a -Wey ce) a (SM ol=Vtl are,
ate Me) emcee Ce Mele lp) d

on Mondays

NOTICE

NOTICE IS HEREBY GIVEN of the loss of
Bahamas Government Registered Stock Certificate
as follows:

Certificate No.
65-112
65-113

Stock
Bahamas Gov. Reg. Stock
Bahamas Gov. Reg. Stock

218,406
81,600

0.375 APR
0.40625 APR

06 Sept. 2021
06 Sept. 2022

I intend to request The Registrar to issue a
replacement certificate. If this certificate
is found, please write to P.O. Box N7788,
Nassau, Bahamas.

APR=Approve Prime rate



Legal Notice

NOTICE

RICHWIN ASSETS LIMITED

(In Voluntary Liquidation)

Notice is hereby given that the above-named
Company is in dissolution, which commenced on
the 5th day of January 2007. The Liquidator is
Argosa Corp. Inc., P.O. Box N-7757 Nassau, Bahamas.

ARGOSA CORP. INC.
(Liquidator)



Legal Notice

NOTICE

CHISELHURST
INVESTMENTS PTE.LID.

Notice is hereby given that the above-named
Company is in dissolution, which commenced on
the 29th day of December 2006. The Liquidator is
Argosa Corp. Inc., P.O. Box N-7757 Nassau, Bahamas.

ARGOSA CORP. INC.
(Liquidator)

BIs

Pricing Information As Of:

SEES
Securit y
Abaco Markets
Bahamas Property Fund
Bank of Bahamas
Benchmark.
Bahamas Waste
Fidelity Bank
Cable Bahamas
Colina Holdings
Commonwealth Bank
Consolidated Water BDRs
Doctor's Hospital
* Famguard
Finco
FirstCaribbean
Focol
Freeport Concrete
ICD Utilities
3 J. S. Johnson
}0.00 Premier Real Est
52wk-Hi Sy
12.25 Bahamas Supermarkets
10.00 Caribbean Crossings (Pref)
0.20 RND Holdings

28.00 ABDAB
14.00 Bahamas Supermarkets
0.35 RND Holdings

1.325275*
2.9728***
2.500211**
1.217450°****
11.3075*****

1.2700
2.6262
2.3220
1.1495

10.0000

Colina Money Market Fund
Fidelity Bahamas G & | Fund
Colina MSI Preferred Fund
Colina Bond Fund

Fidelity Prime Income Fund

3.0017
2.5002 .
1.2175
11.3075



52wk-Hi - Highest closing price in last 52 weeks
52wk-Low - Lowest closing price in last 52 weeks
Previous Close - Previous day's weighted price for dally volume
Today's Close - Current day's weighted price for daily volume
) Change - Change in closing price from day to day
Daily Vol. - Number of total shares traded today
DIV $ - Dividends per share paid in the last 12 months
P/E - Closing price divided by the last 12 month earnings

FR perio ai
A AA: BOA
Died ee Bea hee Se

THE TRIBUNE

Kee Bahamians in ‘dire

straits’ financially |

TOO many Bahamians are
over-extending themselves
financially and ending up “in
dire straits”, the minister of
social services and community
development has warned, citing
the example of a woman whose
take-home pay was just $42
despite earning a high salary.

Addressing a seminar during
which Bank of the Bahamas
International launched its ‘Sav-
ings Culture’ initiative, designed
to promote better savings and
spending habits, Melanie Griffin
said: “Most of us would agree
that our culture places tremen-
dous pressure on us for the
acquisition of material goods.”

She added that the never-end-
ing quest to buy more, com-
bined with the ease of paying
for it with payroll deductions,
can not only leave a family or
provider without funds for an
unforeseen challenge or med-
ical emergency, or unprepared.
for an expected event, it can
lead to financial ruin.

“People over-extend them-

selves, they end up in dire
straights, living above their

_means. Then they turn to others,

to family, friends, the church,
mostly the government,” Mrs
Griffin said.

To show her personal support
for the bank’s initiative, the min-
ister requested a form for an All
Grown Up account for those
aged 13 and under, so that her
daughter could receive a certifi-
cate, the high interest rate asso-
ciated with the account, free
online banking, a personal iden-
tification number and an ATM
card.

Bank of the Bahamas Inter-
national has developed savings
plans for different ages and
demographics, with the
youngest child able to open an
account with $10.:

“Every week we.pick up the
newspaper and see headlines
warning us that our failure to
save money when we are young
will leave us without the means
to support ourselves when we
are older,” said Tanya Wright,

Legal Notice

NOTICE

XILCART FIELDING
HOLDINGS LTD.

Notice is hereby given that the above-named
Company is in dissolution, which commenced on
the 23rd day of January 2007. The Liquidator is
Argosa Corp. Inc., P.O. Box N-7757 Nassau, Bahamas.

ARGOSA CORP. INC.
(Liquidator)



Legal Notice

NOTICE

RUMSTON
INVESTMENTS PTE. LTD.

Notice is hereby given that the above-named
Company is in dissolution, which commenced on
the 7th day of September 2006. The Liquidator is
Argosa Corp. Inc., P.O. Box N-7757 Nassau, Bahamas.

ARGOSA CORP. INC.
(Liquidator)

Bid $ - Buying price of Colina and Fidelity

Ask $ - Selling price of Colina and fidelity

Last Price - Last traded over-the-counter price
Weekly Vol. - Trading volume of the prior week
EPS $ - Acompany's reported earnings per share for the last 12 mths
NAV - Net Asset Value
N/M - Not Meaningful
FINDEX - The Fidelity Bahamas Stock Index. January 1, 1994 = 100

*- 19 January 2007

** - 31 December 2006

*** - 31 December 2006

**** - 31 December 2006







@ SAVINGS CULTURE LAUNCH — Officials, incluting min-
ister of financial services and investments, Vincent Peet; minister
of social services, Melanie Griffin; and Miss Bahamas, Samantha
Carter, were on hand.for Bank of The Bahamas International’s sav-
ings culture launch on January 25 at Sandals Royal Bahamian. _

the bank’s manager of business
development, marketing and
public relations.

“We at Bank of the Bahamas
International aim to make
attractive products and savings
plans available that go beyond
business as usual to a more
ambitious and lofty goal - to fos-
tera national culture of savings
that we hope will spread from
this room to all the Bahamas,
influencing generations to
come.” z

Vincent Peet, minister of
financial services and invest-

(Photo: Tim Aylen)

ments, said: “It is sssential that
we as a people begin to more .
conscientiously reconsider our
spending habits...Eank of the
Bahamas rightfully describes
our country as a ‘consumer
nation with its citizens spending
far more than they aresaving’.
“T wish therefore to applaud '
Bank of the Bahamas for not
only taking note of this adverse
situation but for taking the ini-
tiative in putting on this event
which...is aimed at an ambitious
goal, changing the spending psy-

- che of Bahamians.” i





@ MINISTE of Social Services, Melanie Griffin, kicked off Bank

of The Bahatas International’s Savings Culture launch last week .- . .
by opening ataccount for her daughter with coins the family had - |

rolled. The saings culture campaign is aimed at changing the
national psycho spend wisely and save more.





@ STUDENTS from Uriah Mchee entertained as the Bank of the
Bahamas International’s savings ylture campaign with accounts for
those 13 and under or all the way rough retirement were unveiled
at the launch January 25.



Manager prior

STORE MANAGER

Small Retail Store specializing in
girls accessories is seekinga dynamic,
energetic, and highly moti\ated Store |

experience to handle all aspects
of store operations. Only persons
30 years and older need apply.

Please send resumes by e-mail to
ecooke@ coralwave.com

Phone: 324-2970






retail nanagerial









THE TRIBUNE

TUESDAY, JANUARY 30, 2007, PAGE 7B



BUSINESS



Prince Edward to unveil plaque
mark Ansbacher’s 50th anniversary

our celebrations in Nassau, the
Bahamas. We look forward to the
next 50 years,”

Ansbacher was first established in

Group. Ansbacher is also committed
to the sponsorship of the Bahamas
International Film Festival for the
next three years.”

with us for this very special occasion,
which marks a tremendous milestone
in Ansbacher’s history in the
Bahamas. “With a staff of 60, of whom

the company's agreement to sponsor
two young Bahamians in furthering
their knowledge and career aspira-
tions in the offshore banking sector.

Prince Edward will this Thursday
.. unveil a plaque in Nassau this Thurs-
«day to celebrate the 50th anniversary
* ‘of Ansbacher (Bahamas), the Bahami-

.’an-based bank and trust company.

‘* The plaque will be unveiled at the
*.bank’s headquarters, Ansbacher

«*House, Bank Lane, Nassau.

*e* Michael Mayhew-Arnold, Ans-
<*bacher (Bahamas) managing director,

54 are Bahamians, Ansbacher is com-
mitted to providing the highest quali-
ty of service to its worldwide client
base. Ansbacher (Bahamas) has other
planned events for its 50th anniver-

Commitment

“This commitment to the future and
growth of young Bahamians in the
financial services sector is key to the

Hugh Titcomb, Ansbacher Group
chief executive, added: “On behalf of
the Ansbacher Group of Companies
and our shareholders, Qatar National
Bank, I congratulate Ansbacher
Bahamas on its 50th anniversary, and

sary celebrations, including gold spon-

.

#04
‘=.Said: “We are very honoured to have

*”,

%

*

as FROM page 1B

“It is the agreement at the
forefront of this schedule, and
“the deadline is pending,” Mr
“Simon said, a reference seem-
ingly to the January 15, 2007,

Solis Royal Highness Prince Edward

oe

on its Savings Tax Directive
and tax information exchange.

Mr Simon said the Chamber
was still developing its planned
survey of the impact the EPA
and other trade agreements
would have on the Bahamian
economy and its various indus-
tries.

sorship support of the AIBT's Nas-
sau Conference on 6 February, and

ahamas needs ‘vision’ to make trade decisions

This, he added, would be

- done in collaboration with the

likes of the Small Business
Association, Bahamas Finan-
cial Services Board (BFSB)
and other private sector
groups, and take into account
the social-and community
impact.as well.

, deadline for the Bahamas to
“submit its ‘wants and needs’
on the EPA to Cariforum,
1 which was missed,
ou The Bahamas has some fun-
damental decisions to make on
arthe EPA, in the first instance
-owhether it negotiates as part
of the Cariforum bloc or goes
‘it alone. Doing the former
‘would bind the Bahamas to
..whatever agreement Carifo-
*crum was able to negotiate,
“including the aspects that
- ‘might be unfavourable to this
‘afation, whereas the latter —
“option would depend on
v whether the EU was interested
in a separate trade deal solely
involving the Bahamas.
__. Once that is resolved, the
' Bahamas then has to decide
' what EU imports it will imme-
' diately remove tariffs from;
' which ones will be eliminated
or reduced in a phased
’ approach and the timeline for
this; and which tariffs will stay
at all costs, ;
Then, given that the EPA
also embraces market access,
services and investments, the
Bahamas must weigh the
impact on its tourism and
financial services industries,
and decide which areas of the
' economy reserved for Bahami-
: an ownership only are to be
‘opened up to foreign firms,
: -€ither immediately or phased-
', in, or excluded from any agree-
"ment at all.
Mr Simon said the Bahamas
' had to “protect our strengths
and strengthen our weakness-
“es” in the economy when it
avame to trade agreements,
” avarning that this nation could
- ‘now allow itself to fall behind
or become uncompetitive.
The Bahamas’ approach to
trade had to be “all about strat-
‘egy, planning and vision”. Mr
+ Simon added: “It’s a national
«discussion, not one dictated by
“government or private inter-
‘est groups. It’s a truly national
*«endeavour. We have to engage
»$4n serious dialogue.”
‘e’ He said the EPA’s potential
,ampact on tourism and finan-
ecial services was “a real con-
cern”, as the former would see
‘areas previously reserved for
~ Bahamian ownership only
~ opened up to EU firms, while
. the financial industry could be
“exposed to extra EU pressure

%

"NOTICE

NOTICE is hereby given that NISHEL IGNASE OF P.O.BOX

' F-1954, HANNA HILL, EIGHT MILE ROCK, FREEPORT,

GRAND BAHAMA, BAHAMAS, is applying to the Minister

‘ responsible for Nationality and Citizenship, for registration/
naturalization as a citizen of The Bahamas, and that any person .

who knows any reason why registration/ naturalization should
not be granted, should send a written and signed statement
of the facts within twenty-eight days from the 23RD day of
JANAUARY, 2007 to the Minister responsible for Nationality
and Citizenship, P.O.Box N-7147, Freeport, Bahamas.

NOTICE is hereby given that SIDNEY MERTILUS OF
SOLDIER ROAD, NASSAU, BAHAMAS, is applying to
the Minister responsible for Nationality and Citizenship, for
registration/naturalization as a citizen of The Bahamas, and
that any person who knows any reason why registration/
naturalization should not be granted, should send a written
and signed statement of the facts within twenty-eight
days from the 23rd day of January, 2007 to the Minister
responsible for Nationality and Citizenship, P.O.Box N- 7147,
Nassau, Bahamas. . ey

CHAMBERS

is seeking to hire an ambitious

COMMERCTAL ATTORNEY

for its Nassau Office

Applicants with a minimum of five (5) years
experience must possess the skills.and the ability to
work independently on conveyancing and mortgage
matters.

Attractive salary and benefits are available to the
candidate with the right aptitude and skills.

Applicants should send resumes to:

THE HUMAN RESOURCE MANAGER
P.O. Box N-979, Nassau, Bahamas or
By facsimile (242) 393-4558 or
E-mail: info@halsburylawchambers.com

€

CHEVENING



BRITISH CHEVENING SCHOLARSHIPS FOR 2007-2008

we Bev ee

Law

saw me ee

Justice & Human rights
International relations/diplomacy Public Administration

Environmental Studies

Applications are now being accepted for the 2007-2008 Chevening Scholarships,
available to Bahamian applicants wishing to pursue post-graduated studies in the
UK in the following subjects: .

Media/journalism studies

Sustainable development
Management

Further information and application forms can be found on the British Council

growth of the economy, and this is
wholly supported by the Ansbacher



the Records Department on or before FEBRUARY 2, 2007.

we are delighted that His Royal High-
ness, Prince Edward, will join us for

No form will be accepted without:

Vv ALL SIGNATURES (Student’s, Advisor’s and
Chairperson’s) and

Office.

N.B. ANY form submitted after this date will be considered |
LATE and will be processed for the Summer Semester

2007.

Â¥ PROOF OF PAYMENT from the Business

Visit our website at www.cob.edu,bs

ALL prospective graduates for SPRING 2007 MUST
submit COMPLETED Graduation Evaluation Forms to

the Bahamas in 1957, and was for-
merly known as Bahamas Interna-
tional Trust Company or BITCO. A
consortium of banks, with Barclays
Bank as the majority shareholder.
owned it before it was acquired by

_ Ansbacher in 1989, Its name changed

to Ansbacher (Bahamas) in 1994,

















FIRSTCARIBBEAN

INTERNATIONAL BANK

CAREER OPPORTUNITY

fora

Senior Programme Manager, Northern
Caribbean Operations
Location: Bahamas

Qualifications:

° Bachelor’s degree in business related field

¢ 5 - 10 years experience in Financial Institutions

¢ Comprehensive knowledge of Financial Institutions operational processes and
procedures that support Retail Distribution (Retail, Corporate, Capital Markets

& International Wealth Management customer segments) sufficient to develop
and improve complex practices and processes.

_ © Working (practical) knowledge of several areas of external activities (financial
and/or other industries, market and/or regulatory environment, or client business
practices and needs) sufficient to apply relevant issues or developments to work
performed

General Responsibilities:

° As a part of Senior Management, lead the development of Change Management
Documents — Business User Requirements / Project Charter, Project Plan,
Implementation Plan, Project Budget, Business Cases, Request For Information

(RFI) and

Request For Proposal (RFP)

¢ Responsible in conjunction with the Head of Operations and other Northern
Caribbean Operations Managers in developing the Bahamas Regional Operations
Centres into a fully centralised processing unit for the Northern Caribbean
Region by incorporating additional functions from the Local Processing Unit

hubs.

° To support the overall strategic mandate of the northern Operations group by
identifying and executing process improvements that increase profitability and
enhance our customers’ and employees’ experience.

° To provide advice and /or consultation typically of an operational or tactical
nature to Operations Centres management as it relates to existing business

processes

and proposed business changes.

Remuneration:

¢ Salary commensurate with senior management position at the FC Level 8 (Note:

1-1i job

levels)

° Benefits- includes a car allowance, preferred loan rates, variable incentive pay

(Jamaica) website at: www.britishcouncil.org/jamaica

(bonus), medical scheme, pension benefits...

See wenn

Closing date 5th February 2007

Applicants are requested to submit their resume with a cover letter via
email by February 9"", 2007 to: Chaunte.toote@firstcaribbeanbank.com

FirstCaribbean International Bank (Bahamas) Limited thanks all
applicants for their interest, however only those under
consideration will be contacted.

Vacancies are open to Bahamians only.



aw
—_



PAGE 8B, TUESDAY, JANUARY 30, 2007

THE TRIBUNE



eit ne

EXCITING AND CHALLENGING OPPORTUNITY FOR
YOUNG BAHAMIANS

Imagine a career which will take you to tie workd’s most fascinating ports and far flung destinations,

A Maritime career could take you there.
s

"Do you have, or are likely to have, 5 BGCSE passes, including Math, Physics/Combined Science and

English Language at grade ‘C’ or above?

Have you obtained, or do you expect to achieve, a combined SAT score of at least 1500?

Are you physically fit?

Are you between the ages of 16 and 20 years?

Ifyou have answered YES to the questions above then read on.

The Bahamas Maritime Authority and the Bahamas Shipowners Association are once again offering —

attractive scholarships to young academically sound Bahamians who are keen to train for an exciting
and challenging career in the Maritime Industry which is gaining increasing national importance,

These generous scholarships are inclusive of tuition, fees, course material, accommodation and
transportation costs. Commencing in September 2007, successful candidates will follow a 4 year
degree programme at the California Maritime Academy, a unique campus of the California State
University. Upon completion of the degree, the qualified officers will be expected to serve on board a
Bahamian flagged vessel for at least 2 years providing the solid foundation on which to build their

Maritime careers,

Further information and application forms can
be obtained from Mrs Erma Rahming Mackey,

Assistant Director, Bahamas Maritime.

Authority, Gold Circle Complex, East Bay
Street, P O Box N-4679, Nassau, Bahamas,
emackey@bahamasmaritime tel:
394 3024, fax: 394 3014. Completed
applications must be submitted in person or by
post, with copies of academic
certificates/transcripts and proof of Bahamian
citizenship, no later than 9" February 2007.







Mi CUTTING THE RIBBON
— A new 24,000 square foot
City Market store on West Bay
Street opened to the public
after a gala private showing
and ribbon-cutting ceremony
Monday night. Pictured L to
R: store manager Rodd
Bethell; Yvonne Williams, a
member of staff for 40 years
before recently retiring; min-
ister of local government and
consumer affairs, V. Alfred:
Gray; Bahamas Supermarkets
chief financial officer, Bryan
Knowles; chief executive Ken
Burns and chairman Basil
Sands.

(Photo by Roland Rose
jor DP&A)

Markets charts —
v direction with —
Cable Beach store _

TOP business, civic and
political leaders gathered to
celebrate the grand opening of
the new flagship City Market
store on West Bay Street, a
24,000 square foot building
double the size of the shop the
chain had occupied for 30 years
to its east, and setting a trend
for the company’s new direc-
tion for the 40-year-old lead-

ing grocer.

“We applaud the efforts and
the ciyic consciousness of
Bahamas Supermarkets,” said
minister of consumer affairs
and local government, V.
Alfred Gray, who was speaking
on behalf of Prime Minister
Perry Christie.

“You have indeed set a stan-
dard...Gazing - and it is gaz-

4

&

ing and staring, for one cannot *
merely glance at this beautiful
store, looking at the tropical
murals running the length of
high walls, looking at the open
aisles, at the colourful and
bright displays, at the modern
scanner cashier stations, City
Market has clearly enhanced
the comfort of grocery shop-
ping in the Bahamas.”



Ml MINISTER of energy and the environment, Dr Marcus Bethel (far left) chats with deputy leader
of the opposition and MP for Montagu, Brent Symonette; Bahamas Supermarkets warehouse super-
intendent, Glenn Adderley; meat market merchandiser, Mario Simmons; and Jeff Robertson of

Bahamas Wholesale Agency.

(Photo by Roland Rose for DP&A)



4
e



th;

aay

“ter positioning throughout

TUESDAY, JANUARY 30, 2007

SECTION

Fax: (242) 328-2398

E-Mail: sports@100jamz.com

New Courageous seals
first A-Class victory

Results
from New

Year's Day
Regatta

B® SAILING
By KELSIE JOHNSON
Sports Reporter

CAPTAIN Emmit
Munroe of the New Coura-
geous will hold the Regat-
ta's 'bragging cup,’ after
sealing the first A-class vic-
Ory.

The Ragged Island-based
boat, finished the New
Year's Day Regatta with 27
points, it was followed by
the Silent Partner, who also
accumulated 27 points.

The heated clash between
the two boats forced a tie
breaker, which gave the
New Courageous the edge
over the Silent Partner. The
New Courageous had bet-

the three races than the
Silent Partner.

It was an intense battle
for the third spot in the A-
class between the Good
News and the Lucayan
Lady.

But the Good News, skip-
pered by Lee Armbrister
would hold off the Lucayan

.ady's threat. The boat fin-
ished the Regatta with 24
points, King Eric Gibson's
Lucayan Lady ended with
22 points.
' The tides were rolling in
Armbrister's favour in the
B-class — he was able to
avenge his A-class third
place finishing by clinching
the top the class top hon-
ours.

He ended the Regatta
with 24 points, King Eric
Gibson's Ansbacher pulled
in second with 20 points,
the Cobra also wheeled in
20 points, Heathcliffe had
16 points and Lady Natalie
was fifth with 15 points.

Races in the C-class were
to close to call from the
shoreline, but when the
points were added the class
belonged to Clyde Rolle
and the Lethal Weapon.

@ SAILING
By KELSIE JOHNSON
Sports Reporter

THE yearly contributions made by
sailors to keep the national sport in
the country alive will not go unno-
ticed anymore said Minister V Alfred
Gray.

The comment by Minister Gray
came hours before six of the top
sailors in the country received their
awards of appreciation, at an awards
banquet held at the Government
House, yesterday evening.

The honourees included Dr Kirt-

‘land Hall-Culmer, MD; Clement Fox,

King Eric Gibson, Captain Ted A
Johnson (deceased), Dr. Rev. WG
McPhee (deceased) and Robin
Knowles.

Minister Gray, who is responsible
for regattas, apologised to the family

@ WEEKEND sailing action
from the New Year’s Day
Regatta at Montagu

Rolle and his crew were.
among the ten boats that
kicked things off in the
New Year's Day Regatta.
The C-class started sailing
on Friday with the remain-
ing classes on Saturday and
Sunday.

The Lethal Weapon end-
ed the Regatta with 43
points, one point ahead of
the newly
Thunderbird, sailed by
Buzzy Rolle.

Lady Eunice would add
to the mix of things in the
class, snagging the third
spot with 39 points, she was
followed by Queen Briget-
ta with 29 points and Two
Friends with 24 points.

But the sailors won't
have long to celebrate their
wins, the next Regatta is set
for February 15-17: The St
Valentines' Day Massacre.

This festive regatta,
which is also dubbed 'Catch
me if You Can,' will be
held at Montagu Beach.








(Photos: Tim Clarke)

remodelled

members and the sailing community
for the late recognition of the skippers
and their crew, but added that he will
do his best to continue on with the
recognition of the outstanding sailors.

According to the minister, the gov-
ernment has made a commitment to
the sport and that there will be more
changes.

He said: "The time has come for
the sporting icons to be recognised.
These sailors have made great con-
tributions to regatta and they've been
overlooked. If they weren't over-

looked, in my view, they probably |

were never given the due recognition
for the work and the pivotal part in
the development of the sport that
they've played.

"We, and I mean me and the gov-
ernment, are determine to bring the
success of regattas to the forefront
and honour them, the sailors and their

MIAMI HERALD SPORTS

crew, for their contributions. Yes, it
should have been a long time'ago,
but it is never too late to do good."

Even though two of the six hon-
ourees have passed away, Captain
Ted A Johnson in January of this year
and Dr. Rev. WG McPhee, in 1989,
their legacy lives on in the sailing
community.

Dr. Rev. WG McPhee, a native of
Andros was instrumental in the devel-
opment of sailing.

The all-around skipper, was best
known for his creativity and unique
designs in building sloops. He was a
pioneer that headed the Sea Avalon,
the renewed Thunderbird and Wind
Pioneer.

Dr. Rev. WG McPhee will also be
remembered for playing a pivotal role
in the implementation of national
regattas.

According to his son, Rev. Philip



McPhee, Dr. Rev. WG McPhee's con-
tributions has strengthened his fami-
ly's commitment to sailing.

Philip McPhee said: "It is a tremen-
dous honour for the government and
the sailing community to honour dad.
In my opinion he has made the great-
est contribution to sailing in this coun-
try, he kept it alive when many others
didn't think it was worth while.

"We owe him a lot and it is fitting
that the government decided to do
this.

“T think his legacy will live on
through his children. It is a positive
thing not only for the sailing commu-
nity but for the family members to
see that the person’s hard work didn't
go out in vain and that it doesn't
diminish or fade away."

@ MINISTER V Alfred Gray

@ MIAMI HERALD
SPORTS INSIDE







PAGE 2E, TUESDAY, JANUARY 30, 2007



TRIBUNE SPORTS






Full field is
expected at
Hugh Campbell

® BASKETBALL
By BRENT STUBBS

Senior Sports Reporter

A FULL field of senior boys
basketball teams is expected for
the 25th anniversary of the presti-
gious Hugh Campbell Basketball
Classic.

The classic is scheduled for
February 19-26 at the Kendal
Isaacs Gymnasium and, today,
Ferguson said they will reveal the
list of teams entered and the
make-up of the four pools as well
as the sponsors involved this year.

Ferguson said there are a num-
ber of sponsors, who have made a
commitment to be a part of this
year’s tournament. But he said
they are pleased that such compa-
nies as Thompson Trading and
Gatorade have decided to come
back for another year.

For the first time this year, Fer-
guson said they are looking at
having a team from the Turks and
Caicos Islands come in to com-
pete. They will be the first time
outside of the Bahamas to partici-

ate.

“] have their rosters and we're
looking forward to them coming
in,” he projected. “I think they
will be a good addition to the
competition here.”

In celebrating this year’s tour-
nament, Ferguson said they are
hoping to provide an athletic
scholarship for a deserving player
to attend the College of the
Bahamas.

At this point, he said it will
probably be the tournament’s
most valuable player.

Additionally, Ferguson said
they are looking forward to hav-
ing some college coaches from the
United States to come in to view
the talent and hopefully provide
some scholarships to their respec-
tive institutions.

“By playing in this tournament,
we hope that some of the players
will be able to secure athletic
scholarships so that they can fur-
ther their education,” Ferguson
stressed.

Ferguson said they are looking
forward to this year’s event being
a tremendous success, especially
with all of the games being played

at the Kendal Isaacs Gym.
- The AF Adderley Gym, which
has served as the home base for
the tournament over the years, is
currently under renovation. It’s
the first time that the tournament
won't be played there.





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‘The s



Year
1996
41995
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1999
1997
1997
1998
1998
1997
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1998
1997
1996
1997

4998.

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1996

1996

et ORO DROGR: BS Gr oh BR RAO GCG SR ER, OOOO OF BE

m@ TRACK AND FIELD
By BRENT STUBBS

Senior Sports Reporter

DONALD Thomas, now
nicknamed “Bahamasair”
after his stellar performance
at the Diet Pepsi Invitational
over the weekend, said the
“sky is the limit” for him this
year as a member of the
Auburn Tigers Track Team.

Thomas, along with 110
metre hurdler Shamar Sands,
inked their names on top of
the charts in their respective
events as they also achieved
automatic qualifying marks
for the NCAA Indoor Cham-
pionships, March 9-10 in
Fayetteville, Arkansas.

Thomas, a senior transfer
competing for the first time
for Auburn University, also
qualified for the IAAF
World Outdoor Champi-
onships in Osaka, Japan in
August and the 2008
Olympic Games in Beijing,
China.

The World Champi-
onship’s A qualifying stan-
dard is 2.30 metres and the
B mark is 2.27

Thomas’ winning feat of
2.31 or 7-foot-6 1/2-inches
placed him into a six-way tie
for ninth in the world. He
also inked his name in
Auburn’s record books.

“It was a good perfor-
mance. It wasn’t 100 per cent.
It was about 80 per cent,” he
said in an interview from
Auburn yesterday. “I feel
like I could do better. But it
was a good performance
overall.”

After his winning feat,
Thomas said his coaches
asked him what he wanted to
do next and he said “any-
thing. I was just that excit-
ed.”

_ Although this is just his

: “second year that he is seri-

Fa iG Ci C il i



Fr

TRUST




ously jumping, Thomas, who
made a splash with a fourth

place finish at the Common-

wealth Games last year, said
“the sky is the limit” for him.

“I haven’t really jumped
yet in practice,” he reflected.
“Before Saturday, I jumped
about twice working on my
strength. So I haven’t really
start jumping yet.”

Thomas, however, said he’s
looking forward to propelling
even higher when he get in
the atmosphere with the clite
jumpers at the World Cham-
pionships.

He said he’s thrilled to be
training with the world class
athletes at Auburn, which
should enable him to be even
more prepared than he was
last year at the Common-
wealth Games.

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acer meneame pce ert eer ete



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smreereretetamersen teeramee



SPORTS

’s th






Sands, competing in his
senior year after sitting out





& DONALD THOMAS
qualified for the NCAA
Indoor Championships

the past year and a half with
a serious of injuries, posted a
provisional qualifier of 7.27
seconds in the preliminary
round of the 55 metres hur-
dles and then ran a personal-
best 7.17 in the finals to win
the event and earn an auto-
matic berth in the NCAA
Championships.

His time adjusted for the
60m hurdles would currently
rank him third nationally
among college athletes and
fifth in the world this year.

“The performance was
great,” Sands said from
Auburn as well. “My first
race I was just running for
strength, but coach was look-
ing for me to go automatic
and qualify for NCAA’s,
which I did. So hopefully bet-
ter things will come.”

Looking back at his race,
Sands said he got out real
good and he was technically
sound over each hurdle, even
thought he could have done

limit’
for Donald Thomas




it a little faster.

“My first priority is to stay
healthy,” said Sands, reiter-
ating what he said in a previ-
ous interview. “Once I can
stay healthy, things will con-
tinue rolling along these lines.

“J just keep praying for
good health because the main
thing for me is to stay
healthy. Once I continue to
do that, everything else will
be great.”

Sands will be back in action
this weekend when he com-
petes at the Indiana Relays
in Bloomington, Indiana.

Henry Rolle, the assistant
track coach at Auburn Uni-
versity, said the performances
by Thomas and Rolle should
set up the Tigers as one of
the favourites at the South-
eastern Conference Champi-
onships in Lexington, Ken-
tucky from February 23-25.

i BELOW: Shamar Sands’
(centre) time adjusted for the
60m hurdles would currently
rank him third nationally
among college athletes and
fifth in the world this year.



Knowles and
Nestor number
three in world

@ TENNIS
By BRENT STUBBS
Senior Sports Reporter



AFTER falling short'in the semifinal at the
Australian Open last week, Mark Knowles and
Daniel Nestor have emerged with the number
three ranking in the world in the men’s doubles.

The first rankings for the year released yes-
terday, showed Knowles and Nestor sitting in
third place with 136 points. They trail Jonas
Bjorkman and Max Mirnyl, the Australian
Open runners-up, who have 140.

American twin brothers Bob and Mike
Bryan, who ousted Knowles and Nestor before
they went on to retain their title over Bjorkman
and Mirnyl, are out front with 200. They were
the No.1! team last year.

“We'd like to be number one, but obviously
it doesn’t mean that much not to be number
one,” Knowles said. “It’s still a great start to the
year and even though we are third, we are still
in striking distance to number one.”

Knowles, however, said their ultimate goal is
to emerge as the top ranked team in the world
at the end of the year.

“The way to do that is to win Grand Slams
and to win tournaments,” he stressed. “We
had a great start to the year and J still feel,
like I said the other day, that we were still the
best team in the tournament.

“We should have walked away with the title,
but we didn’t. We lost a tough match to the
Bryans and they ended up winning the tour-
nament.”

Their third place ranking, according to
Knowles, is a good builder for the rest of the
year. It gives them the incentive to stay com-
petitive as they’re not too far behind the lead-
ers.

Knowles and Nestor have returned to the
United States and are on a two-week break.





we : gs MSs

@ MARK KNOWLES and Daniel Nestor
(AP FILE Photo)

They are scheduled to return to action in
Rotterdam, the Netherlands for the ABN
Amro World Tennis Tournament from Feb-
ruary 19-25 and then in Dubai, United Arab
Emirates from the Dubai Tennis Champi-
onships from February 26 to March 4.

They will then come back to the United
States for a series of Masters Tournaments in
Indian Wells, California for the Pacific Life
Open, March 5-18 and in Key Biscayne, Miami,
Florida for the Sony Ericsson Open from
March 19 to April 1.

Hopefully after that tournament, Knowles
will stop home for a few days of relaxation
before they take off on the next leg of the tour
that will conclude with the French Open in
Paris, France, May 28 to June 10.



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PAGE 2, TUESDAY, JANUARY 30, 2007

Some steps towards cleaning

THE TRIBUNE



up Bahamian political process

TRIBUNE edito-

rial last week
quoted someone as saying
that Bahamian voters have
to be weaned away from
the idea that every five
years is a one-day bonanza
for them as they figure out
what they can get out of a
candidate for themselves.

The Tribune was com-
menting on a suggestion by
Foreign Affairs and Public
Service Minister Fred
Mitchell, who had earlier
suggested that both parties
get together to put a cap on
election spending. This is a
good idea but not a new
one. It usually comes up
around election time but is
quickly forgotten after-
wards.

It is too late to do any-
thing for this year’s election
but perhaps the time has
come for both parties to
agree to do something soon
after to control election
spending.

That would be a good
thing for the parties, for
politicians and for the coun-
try. -
As if to underline the
seriousness of the problem,
independent Member of
Parliament for South
Andros Whitney Bastian
made the astonishing





- POINT





admission that in the run-
up to the last election —
1999 to 2002 — he spent one
million dollars!

That is utterly obscene
and the best that can be
said about it is that Mr Bas-
tian was honest in confirm-
ing what some people
might have regarded as
wild and: extravagant
rumours about his spend-
ing in connection with the

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cy.

He told radio talk show
host Wendall Jones that he
does not intend to spend
such a substantial amount
of money this time around.
It is a pity that Mr Jones
did not press him for details
about how he spent such an
amount in the first place.

here are two

aspects of the prob-
lem of election campaign
spending in The Bahamas.
The first was referred to by
The Tribune’s contributor,
and that is the corrupt prac-
tice of buying votes; the
second is the skyrocketing
cost of paraphernalia.

We have come a long way
from the days of the torn
five pound note and rum
and flour politicking in The
Bahamas, but we still have
a way to go in cleansing the
political culture of rem-
nants of the paternalistic
and dependency syndrome
which have survived the
bad old days.

Today, an honest politi-

cian can fall back on the

laws that are already on the
books when he is asked to
buy votes and to participate
in other corrupt practices.
He can simply say that it is

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against the law.

What is not so easy is
where to draw the line in
the case of compassion
competition when a candi-
date can be approached for
all kinds of things, including
money for the electricity
bill, making a mortgage
payment to save someone’s

Nowadays, there are

some persons with two cars’

in the garage who, instead
of contributing to this wor-
thy effort, expect the can-
didate to give them ham
and turkey as well. Some
well-off representatives
have expanded on this by
distributing in their con-

a

“We have come a long way

from the days of the torn five
und note and rum and flour

politicking in The Bahamas,
but we still have a way to go
in cleansing the political
culture of remnants of the
paternalistic and dependency
syndrome which have
survived the bad old days.”

Farr Naa

house and other more inge-
nious appeals.

In this contest, the candi-
date or representative who
may be an excellent repre-
sentative, but not wealthy,
is at a distinct disadvantage;
and that is not good for our
democracy. One such
decent politician was ruined
in the compassion competi-
tion following the 1956 gen-
eral election.

There are, of course, gen-
uine cases of need when
any compassionate human
being - politician or not - is
moved to lend assistance.
But both political parties

must agree to root out the

paternalistic concept of
politician as personal
banker, employment agent
and primary source of char-
ity.

Perhaps it is time to

review and strengthen the
laws against vote-buying
and other corrupt practices.
Clearly it is time for the
parties to control year-
round gift-giving and to put
caps even on legitimate
expenditures in an election
campaign.
* There was a time when
candidates and representa-
tives were expected, with
help from contributors, to
seek out deserving persons
in their constituencies for
gifts of ham and turkey at
Christmas time. |



‘OPM:



ADAP DWE
neo

stituencies Valentine’s Day
chocolates, Mothers Day
Flowers and Easter eggs!

It is wonderful to be liv-
ing in a beautiful archipel-
agic country like. The
Bahamas but it is expensive
to provide public facilities
and services to a dozen
islands with many scattered
settlements, as well as a
large number of populated
cays.

o, too, the cost of
campaigning in the
Family Islands is extremely
high. Travel by air, sea and

land, and accommodations -

are expensive and in some
cases the price goes up at
election time. All these are
legitimate expenses; but
what does not make sense
is the skyrocketing cost of
competition in election
paraphernalia.

It used to be that the par-
ties would print and dis-
tribute T-shirts that cost a
few dollars to their work-
ers, but now they compete
with expensive cotton golf
shirts that are distributed
throughout the constituen-
cies. And some voters want
the shirts of both parties to
wear after an election,
depending on who wins!

So, relatively big money
is required in Bahamian
elections and that raises the
worrying question about
how the parties are
financed.

The substantial individ-
ual contributor will, per-
haps, always be needed, but
political leaders must work
to develop a culture in
which citizens contribute to
their party of choice rather
than encouraging people to
look to the party for hand-
outs.

It is not likely that we
have reached the level of
maturity where substantial
Bahamian contributors will

feel comfortable having
their names publicly
revealed. There is still too
much of the old poison in
our system that leads to vic-
timisation.

But something must cer-
tainly be done about super
rich foreign individuals and
companies who may be
tempted to subvert the
course of Bahamian poli-
tics for their own benefit.

The PLP was embar-
rassed after the last elec-
tion when it was revealed
that one such foreigner
made what must have been
the biggest contribution of
all time from one source to
a Bahamian political party
— the figure varies from $3
million to $10 million. And
this gentleman obviously
had a clear and specific
objective in mind.

he parties may con-

sider whether it is
feasible to ban foreigners
altogether from contribut-
ing to our political parties.
An alternative would be to
establish a fund to which
foreigners who are inter-
ested in promoting Bahami-
an democracy and stability
can contribute. The money
can be distributed on the
basis of votes won at the
previous election.

There is another matter
that does not relate to elec-
tion campaigning but which
the parties may discuss with
a view to laying down some
ground rules or even enact-
ing laws.

It has to do with what
elected representatives
should or should not accept
for their personal benefit
from individuals and com-
panies doing business in
The Bahamas, especially
foreign entities.

Sometimes it is difficult
for a politician to refuse a
courtesy extended with
good intentions, but the
line should be drawn some-
where so he can refuse an
especially generous cour-
tesy without giving insult.

Unfortunately, there are
persistent and credible
reports of some Bahamian
politicians who not only
accept reasonable unso-
licited courtesies but actu-
ally demand valuable con-
siderations such as free
access to hotel rooms,
restaurants, health spas and
golf courses.

If the political parties
would take a serious look”
at all these matters after the
next election, and agree a
code of conduct for their
candidates and elected rep-
resentatives, then we would
have made a giant stride
forward in cleaning up,
even ennobling, Bahamian.
politics and public life.

arthurfoulkes@hotmail.com

bahamapundit.typepad.com


THE TRIBUNE

TUESDAY, JANUARY 30, 2007, PAGE 3





In brief —

The FNM will -
launch new
website today

THE Free National
Movement is launching its
new “powerful and state of
the art” official party web-
site today.

The new website will fea-
ture 39 of the party’s 40
candidates selected to con-
test the upcoming general
election.

FNM Leader Hubert
Ingraham said: “The FNM
is committed to openness
and transparency about its
policies and plans for the
Bahamian people, and is at
the same time committed
to using the most modern
tools necessary to reach a
broad cross section of ©
Bahamians.

“With more and more
Bahamians accessing infor-
mation through the World
Wide Web, it makes good
sense for our party to pro-
vide for Bahamians and
indeed the world, an easy
to use and comprehensive
vehicle to communicate
who we are, what we
accomplished as a govern-
ment, and what we will do
for the Bahamian people in
the near future and
beyond.

Trust

“We trust Bahamians
with the information they
need and deserve to have,
and our new website is
another important step in
showing the Bahamian
people that they can trust
us to empower them with
the facts,” Mr Ingraham
said.

Features on the new
FNM website —
http://www.freenational-
movement.org — include:

e Meet your candidate
page — featuring pho-
tographs and biographies
of the FNM’s election can-
didates.

e News and events pages
— providing regularly
updated statements by the
FNM and party leader
Hubert Ingraham, as well
as full campaign rally cov-
erage, and a calendar of
party events

e Political.issues page —
detailing the FNM’s posi-
tion on a range of political
issues from education and
healthcare, to crime, the
environment, Family Island
development and more

¢ Multimedia and photo
gallery pages — providing
sight and sound coverage
of FNM rallies and other
party events

‘Users can subscribe by
email to weekly newsletters
issued through the web-
site’s eNews section, and
the new site dedicates
space through its con-
stituencies page to news
and events from FNM can-
didates.

The party said in a state-
ment that the website also
enables the party to display
the views and opinions of
everyday Bahamians
through its People’s Voice
page.

“The FNM website
devotes an extensive sec-
tion to issues. Results of
focus groups and national
surveys defined the
content of this important
segment of the new party
website.

“Primary among the
needs of Bahamians is the
desire for an effective and
accountable government
capable of the efficient
delivery of services. The
FNM believe that the pre-
sent government has failed
miserably in this regard,”
the party said.

“Having shrouded it's
business in secrecy, the
government has failed to
adequately address a wide
range of issues pressing on
the minds of the Bahamian
electorate; matters that
include illegal immigration,
access to land and land use,
education and skills train-
ing, access to affordable
health care, assurance of
personal safety and the
transformation of our econ-
omy into a modern, more
efficient, and technologi-
cally savvy system.”

‘No govt member involved’ in
alleged firing of three men



“No government member,
including me, the
representative for
Mayaguana, has never,
and will never, get involved
in the company's policy
of hiring or termination.”



Minister of Consumer Affairs and Local
Government Alfred Gray

& By ALISON LOWE
Tribune Staff Reporter

NO CABINET minister in
the Christie administration
was involved in the alleged
decision by a development
company in Mayaguana to
fire three men for being FNM
supporters, Minister of Con-
sumer Affairs and Local Gov-
ernment Alfred Gray said
yesterday.

Mr Gray was responding to
an article in yesterday's Tri-
bune in which Dion Foulkes,
the FNM candidate for
Mayaguana, claimed that a
member of the government

5 may have been influencing

the Group company.

"No government member,
including me, the represen-
tative for Mayaguana, has
never, and will never, get
involved in the company's
policy of hiring or termina-
tion," said Mr Gray, who is
the PLP representative for

the Mayaguana, Inagua, Cat
Island, Acklins and Long Cay
(MICAL) district.

"A company must be free
to hire or terminate in accor-
dance with its needs and no
government minister in the
Christie administration would
stoop that low — only FNMs
do things like that," he said.

Edison Brooks, 25, Tecoyo
“CJ” Brooks, 21, and Trevor
Collie, 34 are claiming vic-
timisation after they were all
told this month that there was
no more work for them on
the I Group mega investment
project.

They were dismissed with
no notice or pay, it is alleged.

According to Edison
Brooks, his dismissal came
after he refused a demand by
his project manager to greet
prime minister Mr Perry
Christie at the airport wear-
ing a PLP T-shirt on January
20.

Shortly before the visit, Mr



Brooks said he had joked that
if he drove the PM "he would
drop in every hole in the road
so he could see how bad the
road is.”

These two statements,
along with the fact that he
was known to be an active
FNM member, led to his dis-
missal, he believes, especially
as he had never had any
problems with the company
before.

‘According to Brooks,
when he returned to work the
following Monday after the
PM's visit, on January 22, Mr
Ramadan McKenzie, the res-
ident project manager, said
there was no work for him.

Mr Foulkes is calling on I-
Group and the government —
which is a 50 per cent part-
ner in the 10,000 acre devel-
opment — to ensure the three
men are immediately rein-
stated and paid compensation
for lost salary and unfair and
wrongful dismissal.

Lawyer claims baggage handlers
should stand trial here if evidence
was collected in the Bahamas

| lBy KARIN HERIG

Tribune Staff Reporter

ing offence.”

’ “In my view, if this is an alleged offence



IF THE evidence to be used in a US court

‘against the five NFS baggage handlers was

collected in the Bahamas, then the accused
drug traffickers must stand trial in the
Bahamas, it was claimed yesterday.

Lawyer and activist Fayne Thompson
made the statement while urging Minister
of Foreign Affairs Fred Mitchell to advise his
government to lodge an official protest with
the US State Department and demand the
return of the five men.

“Tf there are alleged tapes and witnesses of
offences at Lynden Pindling International
Airport, then these boys must be prosecuted
in the Bahamas, they must be returned to
the Bahamas to face prosecution.

“If that is in fact the truth then a protest
should be lodged at the State Department,
the requisite department,” he said.

Speaking as a guest on More94’s show Real
Talk yesterday morning, Mr Thompson said
that if the alleged offence of drug trafficking
originated in the Bahamas and continued in
the US, then it would constitute a “continu-

-(which) began in the Bahamas then clearly

there is a basis upon we can have them
charged in the Bahamas.

“Any lawyer worth their salt will tell you
that upon a close forensic examination of
this case they have to be charged in the
Bahamas at some stage,” he said.

Mr Thompson said he is confident that
Prime Minister Perry Christie would have
put a stop to the five Nassau Flight Services
employees being taken to the US if he had
known about the matter.

He added that he knows of no Bahamian
politician who would have allowed “such
nonsense.” ,

However, he said, it is now time to apply
for the return of the men, “as a matter of
course.’

According to information released by the
US Embassy, the baggage handlers had been
under surveillance for over a year before
they were arrested last December and
charged with reportedly smuggling illicit
drugs on local and international flights out of
the Lynden Pindling International Airport.

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PAGE 4, TUESDAY, JANUARY 30, 2007





The Tribune Limited

EDITORIAL/LETTERS TO THE EDITOR

Western Hemisphere

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 1972-1991



EILEEN DUPUCH CARRON, C.M.G., M.S., B.A., LL.B.

Publisher/Editor 1972-

v

Published Daily Monday to Saturday

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

ee TELEPHONES
Switchboard (News, Circulation and Advertising) 322-1986
Advertising Manager - (242) 502-2352
Circulation Department - (242) 502-2387
Nassau Fax: - (242) 328-2398
Freeport, Grand Bahama: 1-(242)-352-6608

FACT: A doctor in this country interrupts a
patient, on average, in the first 18 seconds of a
visit. ‘

A prominent surgeon waited about a minute

‘and a half before issuing his diagnosis. to Jerome
Groopman on his damaged hand. “He was dead
wrong,” says Groopman, who got four diagnoses
from six surgeons. “And these are big names.”

Fact: Over 15 per cent — some say over 20 per
cent — of medical diagnoses are wrong. At least
half result in serious injury or death.

Groopman tells of a woman who saw close to
30 doctors for a constellation of ailments that
gradually sapped the life out of her. She endured
excruciating pain and was down to 85 pounds.
Her immune system was failing and she had
developed severe osteoporosis. All of them
missed what was ailing her.

Finally, a fresh doctor asked a fresh set of
questions. He listened to her and found that she

’ suffered from a gluten allergy that prevented
her from receiving the nutrients in the food she
ate. After years of agony, she quickly recovered.

Fact: Over a quarter of all radiological tests,
including CAT scans and MRIs, are misread.
“Misdiagnoses are not rare at all,” says Groop-
man, the noted oncologist and chief of experi-
mental medicine at the Beth Israel Deaconess
Medical Centre, who assembled this data.

While the patient safety movement has led to
major improvements in protocols to avoid. sys-
tems errors, he points out, nothing has been
done to address a more profound issue: how
doctors think. And bad thinking is what causes
countless mistakes. “No one talks about this
stuff,” says Groopman. PES aed

He is struck by the lack of independent think-
ing among the residents he leads on hospital
rounds. “These are really smart people, and
when asked for a diagnosis they download cook-
book recipes on their computers,” he explains.

' “Tf it’s not that, they look blankly. How do I
teach them how to think? I realized I didn’t
know how I think. No one ever taught me how to
think.”

Groopman addresses this touchy subject in a
book, “How Doctors Think,” due out this spring.
In it are examples of bad thinking, including
plenty of his own, that produced harrowing
results: None of this is news to patients. Most of
us. know someone who has endured a misdiag-
nosis or have done so ourselves. My friend Bar-
bara went through a year of agony because of
one.

Groopman’s first child developed a persistent
low-grade fever and stomach pain at nine
months. A doctor said not to worry, it’s just a

. virus. The child’s condition deteriorated, but the

doctor remained unmoved. Eventually, Groop-

Responsibilities:

e Preparation of monthly financial statements.
e Reconciliation of general ledger accounts.

e Preparation of work papers for auditors.

e Report directly to Financial Controller.

Qualifications:

e Three years work experience in a similar position.
© Proficiency in Microsoft Word and Excel.
e Ability to work with minimal supervision.









Benefits:

Salary is based on skills and experience. Other
benefits include health insurance and pension.

H.R. Manager
PO. Box N-4036
Nassau, Bahamas

Fax to: (242) 364-6084

Freeport fax: (242) 352-9348

First, do no assuming

POSITION AVAILABLE

ACCOUNTANT

All interested accountants should mail their resumes to:




man and his wife rushed their son to an emer-
gency room, where they learned the child had an
intestinal obstruction that would have killed him
had it gone untreated.

What went wrong here?-The doctor sized up
Groopman and his wife as neurotic first-time
parents and built his diagnosis around that
premise. At work, says Groopman, were two
suspects common in these nightmares.

The first is what he calls anchoring — where a
doctor interrupts you, seizes on a symptom or
complaint, and declares, “It’s this.” This snap
judgment anchors all ensuing thinking. The sec-
ond he calls attribution, to which women are
particularly vulnerable, where assumptions about
a patient are attributed to bad data.

Groopman tells of a woman with a newborn
child and two young children who complained
about constant nausea and diarrhoea. “The doc-
tor looked at her and decided it was stress, that
she was neurotic,” says Groopman. “So he attrib-

utes all of her complaints to the stereotype he has .

in his mind. I saw her a few months ago. She
had been diagnosed with a tumour in her intes-

_ tine but had been taking Zoloft for a year and a

half.”

Time is an insidious agent in all this. “In
today’s medical environment, the clinic is a fac-
tory,” he says. “It’s a world of eight-minute vis-
its. The mistakes are made in the moment. Doc-
tors draw immediate diagnoses rather than listen
and pursue leads. And when complaints persist,
they all too often cling to their first thought and
even discount contradictory evidence.

“It’s impossible to figure out a difficult prob-
lem in eight minutes,” he continues. “A doctor
has one eye on the clock and one eye on a com-
puter screen as he types notes. The truth is, you
can’t think well in haste.

“There is no generic best treatment to a seri-
ous problem,” he says: “We delude ourselves to
think the answer is the systems solution — ‘We'll
give you.an algorithm: if it’s A then B then C.’
You're got to know what A is in the first place.”

Many in the medical community will bristle at
Groopman’s findings. Others will recognize the
truth in what he says and, with luck, a few of the
bean counters controlling medicine today as
well. They can’t dismiss the book. It is meticu-
lously researched and written by a physician of
stature. -

“My argument is the solution for misdiagnosis
is a patient or family member who knows how
doctors think,” says Groopman.

,So what should we be asking our doctors, over
and over?

“What else could it be?”

— Sam Allis - Boston Globe






















THE TRIBUNE

Travel Initiative

EDITOR, The Tribune.

IN LIGHT of continuing
misleading reports circulating
within the Bahamian media
concerning the implementa-
tion of the Western Hemi-
sphere Travel. Initiative
(WHTI), I wanted to reem-
phasize to the travelling public
and all those associated with
the travel industry in The
Bahamas that the WHTI
remains in effect. It has been
in full effect since it came into
force on January 23rd. As a
result of this new rule, all citi-
zens of the United States,
Canada, Mexico, and Bermu-
da must now present a valid

‘passport when entering the

United States. This rule, which
brings the Western Hemi-
sphere in line with travel doc-
umentation requirements else-
where in the world, will great-

ly strengthen border security.

Contrary to media reports,
no waiver of this rule.has been
granted or is currently being
contemplated.

The United States recog-
nized that implementation of
this rule represented a major
change in procedures for the
travelling public. As a result,
the Department of Homeland
Security in its planning for this
transition advised Customs
and Border Protection Offi-
cers worldwide to adopt a flex-
ible, commonsense approach
to ensure that travel is not dis-
rupted and potential hardships
to the travelling public are
minimized. Customs and Bor-
der Protection had previously
indicated to airlines that they
will provide ample notice
before moving to more rigor-
ous enforcement of the new
documentation requirements.

~ Jam pleased to note that in
its first week in force, the
WHTI results have been
impressive. Our Customs and
Border Protection: Office in
Nassau reported nearly full
compliance among American
travellers passing through the
Pre-Clearance facility.

This success is a result of
extensive efforts to get the
word out to the travelling pub-
lic. I applaud the efforts of
the Bahamas Ministry of
Tourism andthe Bahamas

Hotel Association, both of

which took initiative early on
to raise awareness of this new
requirement among American
travellers. I also applaud the
government's efforts in work-
ing with me last year to shift
the initial implementation
date from January 2006 to
January 2007. This, too, con-



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tributed to our ability to
inform the public and prepare
for the smooth transition that
we witnessed this past week.
To reiterate, the WHTI is
now in full effect and trav-
ellers should abide by its pass-
port requirements to ensure
smooth, unhindered travel to
the U.S. To prevent delay at

remains in full effect

age all travellers to obtain the
appropriate documents before
they travel. I hope this helps
clarify any confusion that may
have arisen in recent days
regarding United States' entry
requirements under the West-
ern Hemisphere Travel Ini-
tiative.

JOHN DARRELL ROOD
American Ambassador,
US Embassy,

Nassau,

January 29, 2007.

the ports of entry, we encour-

Sad state of affairs at
Marsh Harbour Airport

EDITOR, The Tribune

FIFTY years ago the transition from landing on the sea by
amphibious aircraft to landing on land was made by landing on
the new airport, just a few miles to the south of the small settlement
im Marsh Harbour. This was an historic moment for Abaco, as it
would make air travel from Nassau, and to the United States, much
easier.

After the first small hotel, The New Plymouth Inn, was opened in
Green Turtle Cay, in 1954, the tourist business began to develop,
and from that day it has continued.

The first small terminal building at the Marsh Harbour Airport.
was soon overwhelmed and it was necessary to byild.a new and.
much larger one. When the present terminal building was com-
pleted, it was already considered too small.

Today, because of poor planning, we have a sad state of affairs

_at the airport. All you have to do is take a look for yourself, and you

will see. Congestion, bad parking, lack of control.

The airport runway, 5,000 feet long, certainly needs a facelift, is
in very poor condition, with many rough patches, and some serious
sink holes, about 1,500 feet from the west end. A sink hole is sim-
ilar to those that you see on the highway, when you are cruising
along about 60mph when you suddenly get catapulted into the air
when you did not see it coming.

Now you have some idea what it would be like if you are landing
on the Marsh Harbour Airport in your nice new jet, and should run
into one of those sink holes. These are important items that should
be fixed without delay.

Marsh Harbour Airport has more landings per day than any
other airport in the Bahamas other than Nassau International. This
in itself tells you how important Abaco is becoming. Yet, the airport
does not have a control tower. This is shocking, when you think of
how many international flights there are coming into this area dai-
ly. lam surprised that the US authorities allow this to happen.

What is really needed is a new runway, at least 7,000. feet long,
just to the south of the present one, and angled in a south-easterly,
or whatever, direction that would make it possible to lengthen
when and if necessary to 10,000 or 11,000 feet to accommodate the
very large jets that are now able to land at Nassau International.

There is no question that one day this will happen. Abaco is a
much larger island than Nassau, and has great potential for future
development. ;

My son Robert was taught to fly here at the Marsh Harbour air-,
port, by me, 32 years ago. He has been flying full-time all his life. He
has been flying jets for US Airways for over 20 years. At present, he
is flying Airbus A321, which carry about 180-190 passengers. ‘They
need about 7,000 feet of runway. The runway does not have tda.be
the same angles that we presently have at Marsh Harbour. They can
land these aircraft with crosswinds up to 30 knots. In Nassau, the»
long runway is 140/32, 11,018 ft.

Marsh Harbour Airport should have a gated entrance, with a
guard on duty at all times. This could easily be done, by putting the
gate at the eastern entrance.

The airport should be completely fenced in.

Charge for parking, this would help to cut the costs of mainte-
nance. ‘

_ I hope this information will be accepted by the authorities as good
advice, in good faith, so that they will do something about this
matter, before we run into very serious problems at the airport.

We need to plan ahead to be able to keep up with developments
in Abaco. After all, Abaco sends the treasury a lot of money every
year.

COLYN L REES
_ Marsh Harbour,
Abaco.






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THE TRIBUNE

TUESDAY, JANUARY 30, 2007, PAGE 5



: LOCALNEWS | |



Boy, 17,
charged in
connection
with number
of serious
offences

@ By DENISE MAYCOCK
Tribune Freeport Reporter

FREEPORT — A 17-year-
old boy was charged in
Freeport Magistrate’s Court
yesterday in connection with a
number of serious offences.

The accused was charged in
court two before Magistrate
Subu LaSalle with armed rob-
bery, housebreaking, stealing,
receiving, and making threats
of death.

It is allegéd that the juvenile
committed the offences
between January 17 and 23,
2007 while at Freeport, Grand
Bahama.

Magistrate LaSalle adjourned
the matter to March 8 when a
Juvenile Panel will be con-
vened.

The boy was remanded into
custody until that time.

MAN CHARGED

Michael Darling, 27, of
Epsom Road, Mayfield Park,
pleaded not guilty in Magis-
trate’s Court to possession of
an unlicensed firearm and
ammunition.

It is alleged that on January
24, Darling-was found in pos-
session of a .9mm semi-auto-
matic pistol while riding a bicy-
cle in the Garden Villas area.

He was not required to plead
to the charges, and was granted
$5,000 bail with one surety.

Magistrate Helen Jones
adjourned the matter to July
24.

Simeon Brown represented
Darling.

HIGH SPEED CHASE
ENDS IN ARREST. |

A police chase of a suspected
stolen vehicle ended in a car
crash in Freeport and the arrest
of a 34-year-old man.

According Superintendent
Basil Rahming, mobile patrol
officers were in pursuit of a
white 1999 Dodge Stratus going
south along Frobisher Drive on
Friday.

The vehicle sped across a
stop sign at Adventurer’s Way
and collided with a gold-
coloured 2000 Chevy Malibu,
driven by Joan Adderley, 35,
of Grenada Avenue.

Both vehicles were badly
damaged, but neither driver
sustained any visible injuries in
the accident, Supt Rahming
reported.

He said police apprehended a
suspect, and retrieved from the
vehicle two cameras along with
a bag, which were suspected of
being stolen.

mes
MULES

FOR PEST PROBLEMS
PHONE: 322-2157



stop or start its work just because a
ceneral election is being called’

@ By ALEXANDRIO MORLEY
Tribune Staff Reporter

TRANSPORT and Aviation
Minister Glenys Hanna-Martin
denied that the government’s
plan to spend millions of dol-
lars on the refurbishment of
Family Island airports is moti-
vated by the fact that a general
election must be called this year.

“The Department of Avia-.

tion does not stop or start its
work just because a general
election is being called,” she
said.

According to Mrs Hanna-
Martin, the Ministry of Works
and the Ministry of Transport
have now agreed the final plans
for the refurbishment of the
Marsh Harbour Airport, which
is to include the redevelopment
of the terminal, the creation of a
parallel runway and the exten-

Man accused of making false declaration to US officer



@ GLENYS HANNA-MARTIN

sion and resurfacing of the run-
way.

The terminal building is to be
increased from 10,811 square
feet to 20,536 square feet and



B@ CHARGED — Freydoun Chamanara outside court Monday






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the runway extended from 5,000
feet to 6,100 feet. The total cost
of these works amount to some
$13.8 million,” explained Mrs
Hanna-Martin.

She said bidding on the pro-
ject is to begin next month.

The minister told reporters
that the Department of Civil
Aviation is also studying the
feasibility of a 19-seater aircraft
servicing the Stella Maris Air-
port in Long Island.

“I am pleased to announce
that additional rehabilitative
works are to be undertaken at
Stella Maris Airport to create
additional apron space which
will increase the capacity of the
aerodrome permitting it to
accommodate a Dash-8 aircraft,
and I am advised that the con-
tractor is to be mobilised short-
ly to commence these apron
works,” she said.

A 65-year-old American man
appeared in a Nassau Street
court yesterday accused of fail-
ing to declare that he had in his
possession $134,000 in US cur-
rency and $8,200 in Euros while
attempting to travel to the Unit-
ed States.

Freydoun Chamanara of
Chicago was arraigned in court
11 before Magistrate Susan
Sylvester.

It was alleged on Friday, Jan-
uary 26, that Chamanara made a
false declaration to a US officer
by claiming that he was not car-
rying into the US currency in
excess of $10,000, despite know-
ing that he was in possession of
more.

Chamanara was also charged

with failing.to make a declara-:

AAA

AE

Mrs Hanna-Martin said that
government has installed solar-
powered runway lights on
numerous Family Islands.

These lights, she said, have
already been installed at Man-
grove Cay and Congo Town in
Andros; on Moore’s Island and
Sandy Point in Abaco; Crooked
Island and Acklins; on Bimini;
on Great Harbour Cay; and in
New Bight and Arthur’s Town,
Cat Island.

She added that there are
plans to use the solar lights on
Inagua, Ragged Island, Farm-
ers Cay, Staniel Cay, Black
Point in Exuma and Long
Island.

The minister claimed that at
the end of the exercise, every
government-owned airport
would have emergency light sys-
tems on its runways.

She also announced plans for

tion to an officer of the United
States.

Chamanara, who was repre-

sented attorney Craig Butler,
pleaded not guilty to both
charges and was. granted $20,000
cash bail.

Butler told the court that his
client was a restaurant owner,
was battling stomach cancer and
had no matters pending before
the US courts.

Bail was granted on the

premise that it was to be paid in
full before the accused’s release

and must be accompanied by a.

letter from a doctor as well as

proof that he is not wanted in

the US on criminal charges.
The case was adjourned to

‘ April 19 for a preliminary .
inquiry. - i svhlw atlas





a

‘16:00: Bahamas Outlook: Predictions



the redevelopment of the Exu-
ma International Airport, and
claimed that government has
acquired three additional fire
vehicles for Abaco and
Eleuthera and two vehicles for
San Salvador — at a total cost
of $2.6 million.

Asked whether she was con-
cerned the opposition FNM
would accuse the government
of using the airport upgrades as
political mileage for the upcom-
ing general election, Mrs Han-
na-Martin said the upgrades
were “Jong overdue.”

WR R REE uuts

‘TUESDAY, -
JANUARY 30

6:00 ‘Community page 1540am
Immediate Response
ZNS News Update

12:05 Immediate Response (Cont'd)
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Kemp Road Ministries
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8:00 Island Lifestyles
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8:35 BTC Town Meeting: Abaco
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THE TRIBUNE

TUESDAY, JANUARY 30, 2007, PAGE 7



LOCAL NEWS



Dr Coakley sworn
in as new Senator

FORMER President of the
Grand Bahama Chamber of
Commerce Dr Doswell Coak-
ley was sworn in as a govern-
ment member of the Senate
yesterday.

His appointment follows the
resignation of former senator
Damien Gomez, who is set to
become a Supreme Court
judge.

Dr Coakley, who joined the
Royal Bahamas Police Force
in 1966, said that the influence
of former commissioner of
police Bernard K Bonamy and
former prime minister Sir
Lynden Pindling were impor-
tant factors in his political suc-
cess.

“It is ironic therefore that
almost 41 years to the day

since joining the police forces’

Prime Minister Christie would
emerge as my political coach
and cause my appointment to
the senate,” Dr Coakley said:

The new senator said he
plans to address the needs of
the people of the High Rock
constituency — whom he
intends to soon represent in

the halls of parliament.
According to Dr Coakley,
the economic situation in
High Rock is unfortunately
tied to “the saga of Freeport”.

“We want to extricate our-

selves from that city’s woes,
and cultivate our own identity
and initiatives, so as to take
advantage of the many exist-
ing opportunities and poten-
tial that exists in the area,” he
said. “The residents of the
High Rock constituericy are
tired of the lack of represen-
tation. They are tired of being
overlooked, and are looking
for a new direction.”

Despite the economic fall-
out caused by the three major
hurricanes that struck Grand
Bahama in the last few years,
the Chamber of Commerce
increased its membership by
almost 50 per cent.

Dr Coakely served as cham-
ber president during this time.

“Grand Bahama needs
direct government interven-
tion, if we are to take the
island towards its full poten-
tial,” he said.

Rotary Club donates $25,000
to YMTA hurricane restoration

§ By DENISE MAYCOCK
Tribune Freeport Reporter



@ LEFT: Dr Doswell Coakley with his wife at his appointment ceremony yesterday and (right) with Prime Minister Perry Christie

(Photos: Ana Bianca Marin)



we're closed for business.
on Friday, February 2

Our offices will be closed
on Friday, February 2 for our
Annual Awards Day.

All offices will re-open for business ;
as usual on Monday, February 5.



FREEPORT - The Rotary Club of Freeport, through the assis-
tance of Rotary International and District 6990, presented $25,000 to et : ; .
the YMTA to assist with ongoing hurricane restoration at its commu- , :
nity centre in Hunters.

Rotary Club president Mike Stafford encouraged corporate citizens
in Grand Bahama to lend further assistance to the YMTA for the ,
development of a much needed sports field that will cater to young peo- : :
ple in the area.

During Rotary’s weekly luncheon meeting last Thursday, Mr
Stafford turned over the $25,000 cheque to Simon Lewis, an executive
member of the Young Men’s Training Association. .

He explained that the Rotary Club of Freeport applied to the
Finance and Procedure Committee of Rotary District 6990 requesting
funds to further assist YMTA in its repairs.

“Rotary has a special fund called the Robbins Fund which is ear-
marked for disaster relief and monies from the fund are available for
restoration projects from natural disasters.

“The vote from the F and P Committee was unanimous in favour of
supporting this (building restoration) project,” Mr Stafford said. -

“T should point out, though, that none of these funds are for the
(sports) field. We still need to find those funds elsewhere.”

The YMTA’s centre was destroyed by Hurricane Wilma in 2005.

The determination of a group of men, who were committed to

. restoring the badly damaged centre on their own, caught the attention
of Rotary Club members who visited the area daily to deliver relief sup
plies to residents in the area. Ag
Mr Stafford said The Rotary Clubs of Nassau teamed up with B | H Ith
_International Rescue and flew a Cessna Caravan back and forth from a Nama! Cd
Nassau with food, water and baby supnlies, pre-packaged by the Nas- PES JS 8,8 Dichst08 f HAMAS M ALTER ENS
sau Rotarians. ‘ 2

International Rescue flew a helicopter and co-ordinated the mission
from the air.

The three Rotary Clubs of Grand Bahama’s Disaster Response
Team, he said, distributed the supplies daily into all of the affected areas

INSURANCE
COMPANY



and communities which were so badly devastated.

“A few days afterwards, during our clubs Community Needs Assess-
ment, we stumbled upon a building on the sea side which was pretty
much demolished. I stopped, and got out with a bag of food and water
to give to the few men who were busy cleaning up the mess.

“To my surprise, I was informed that in fact this was not a residence
but a Community Centre called the Young Men’s Training Association
or YMTA...A few days later I happened past the YMTA again and
spoke with a group of guys still working on the building. I foun out that
they were trying to put the centre back together because it was the only
place in the community where people could meet, hold functions and
meetings, and it had the only basketball court in the entire area which
was not connected to a church or school.” ;



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Mr Stafford said that Rotarians were impressed by the determina-
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PAGE 8, TUESDAY, JANUARY 30, 2007 THE TRIBUNE

- Northwestern

district spellers
are buzzing

SCHOOLS across the Bahamas have been preparing their stu-
dents since the beginning of the semester for this year’s National
Spelling Bee.

“The winner of this competition will represent the Bahamas in the
Scripps National Spelling Bee in Washington DC.

~ And there are 36 students in the North Western District prepar-
ing themselves for a preliminary spell-off during the district spelling
bee which will be held at BCPOU Hall on January 31 at 10am.

- The winner will represent the district in the National Spelling Bee.
“= The words chosen for the competition have come from lan- °
guages all around the world.
~» Asa result, the North Western District has chosen as its theme
éDiscover the world through spelling”.

“The students who will take part come from two junior high
schools and seven primary schools within the district, including:
Albury Sayle Primary, CC Sweeting Junior High, Gambier Pri-

















Ahk







@ LATARA HANNA a RENALDO FILS - @ SHERNETTE BAPTISTE @ AZANIA KNOWLES
Albury Sayle Primary Albury Sayle Primary Albury Sayle Primary Albury Sayle Primary



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Primary, Stephen Dillet Primary, mg JASMINE BRUNSON, B JULLIE FILS-AIME, HB RASHAN SMITH, § KHADIJAH CLARIDGE,
= TG Glover Primary and Woodcock Primary. CC Sweeting Junior High CC Sweeting Junior High CC Sweeting Junior High CC Sweeting Junior High

“ More students will appear in tomorrow’s edition of The Tri-

Bune.
=





















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THE TRIBUNE

FROM page one

write to Housing Minister Neville
Wisdom this week to suggest the
suspension.

He said that these individuals
are in an influential position and
could blackmail contractors into
not giving evidence against them
for the very same reason that they
were in a position to extract
bribes from them — because, he
alleged, they have the ability to
determine whether contractors
continue to get work from the
ministry.

According to the contractor,
Detective Sergeant Harris Cash
— one of the two officers in
charge of the investigation —
contacted him about two weeks
ago and he confirmed that he had
been one of those who had pro-
vided The Tribune with informa-
tion.

After laying out his claims, he
said Sgt Cash told him that he
had been given very similar infor-

Global warming claim

FROM page one

A group of 500 scientists met in Paris yesterday for the
week-long editing process of a long-awaited new wide-
ranging report on the world’s climate change.

The report is expected to give exact information on how
fast the world is warming and how serious it is.

Chairman of the Intergovernmental Panel on Climate
Change (IPCC) Rajendra Pachauri told international
media that world governments should heed this report
and agree to immediate action to do all in their power to

halt the trend of global warming.

A draft of the report is due to be released this Friday.

Observers said that the report is expected to give a
grim warning of continued temperature rises between
now and 2100, and that they expect that debate may arise
over how much sea levels are rising.

UN experts have in the past predicted that sea levels
will rise by 35 inches in the next 13 years.

Low lying island states like the Bahamas are expected
to suffer the most if global warming continues due to
increased amounts of carbon dioxide and other green-

house gases

However, early drafts of the new document foresee
smaller sea level rises than the. last report,,in 2001, but
many world-renowned scientists reject the new figures, say-
ing they are not new enough because they do not include

TUESDAY, JANUARY 30, 2007, PAGE 9

Contractor

mation by a number of contrac-
tors.

"He asked me if I knew about
any unethical behaviour going on
and I told him'yes...there is cor-
ruption and stealing going on
over there," he said.

"I want to do my best to gett
some justice over there for the
people, and expose those people
who are not doing what they sup-
posed to do."

However, the contractor
expressed some reservations
about the pending outcome of the
investigation.

"I can trust the police to a
point, but we're asking govern-
ment to investigate government,”
he said.

"This is politician season right
now, you know, and I've heard
ministers saying that others were
paying off people to get votes.
You never know who knows who,
you never know who has been

promised promotion — that's the
thing — and it does happen in
our country." :

"We can't be naive — we know
that things happened which
should not have happened, that's
why we're in the position we are
now — trying to get rid of the
corruption," he said.

The builder — who told The
Tribune before that contractors
have had to cut corners on build-
ing work because of the kickbacks
they are forced to pay some offi-
cials — feels that the number of
complaints that have been made
about low-cost government hous-
ing so far by their new owners is
significant evidence that wrong-
doing is taking place.

"People are having problems



- with their houses, and that has to

tell you in itself that something
is wrong. People walk in and
there's immediately a problem —
some things are not done so there
has to be some kind of a kick-
back situation going on," he
claimed.

Harbour would

have to be dredged

for ‘mega ship’

SENIOR executives from a Norwegian
cruise line met with Prime Minister Perry
Christie yesterday to discuss the need for
Nassau Harbour to be dredged if their soon-
to-be-introduced 50U0 passenger cruise ships
are to-call at the port

President and CEO of Norwegian cruise

line Colin Vietch explained that the com-
pany hopes to introduce a new fleet of ships
- which will include the 5000 capacity mega
ship - by 2009.

However, the alterations to the harbour

would have to be made before they could

count Nassau as one of their destinations.
Mr Christie told the executives that the

dredging issue is already being looked into.
“Just one of those ships will dramatically

increase the cruise visitors annually to our

the recent melt-off of big ice sheets in Greenland and said.

Antarctica.

FROM page one

try to talk about trust. But can
you imagine the FNM running an
ad that the PLP can’t be trusted
when all you have to do is ask
Tommy Turnquest if he can trust
Hubert Ingraham,” he said.

Mr Mitchell even implied that °

at the FNM rally a week earlier,
there were no. Fox Hillians pre-
sent.

“When you looked around that
crowd, the one Fox Hill person
there was the one PLP who they
have borrowed from us. In fact,
they had to reintroduce their can-
didate to Fox Hill because no one
really knows her here in Fox Hill.
What Fox Hill knows about her is
that she and her family are PLPs.
So the FNM yet again had to look
to a PLP to try and fool people
into voting for them. Fred
Mitchell is the real deal, the real

PLP. Let’s not vote for a fake ©

PLP.

“Their candidate has tried to
say that the FNM has a former
chairman’‘of the PLP in Fox Hill
with her. How sad:. How desper-
ate can you get? You have some-

one who is in the employ of her.

husband, who is on their payroll
anc you are using him to try and
ivol people that PLPs have
switched sides to go to the FNM.
That man is a PLP in his heart.

Fox Hill

We in Fox Hill can never believe
that in his heart he is FNM. It just
can’t happen and when he is
ready he will come back home to
the PLP, when all of us are wait-
ing with warm hearts and open
minds,” Mr Mitchell said.

Mr Mitchell commented that
in his view, the whole rally was
quite “amusing”.

“Let’s start with the personal

’ favours for the very people mak-

ing the charge. The FNM candi-
date stood on this platform last
week to allege that nothing has
been done by Fred Mitchell in
Fox Hill: But I remember receiv-
ing a call from a close personal
relative of hers and I mean close,
who was retiring from the gov-
ernment service and was having a
problem getting her pension
cheque. She called me to ask if I
could help.

“I spoke with that close, close
personal relative of the FNM’s
candidate on three occasions and
in a shorter time than usual she
had her cheque. She thanked me
over and over for helping her get
the cheque. Yet she too is going
around now saying that I did
nothing for her. Remember the
money, my dear. It was Fred
Mitchell who got it for you,” he

country and therefore the amount of money
spent with Bahamian shop owners, strdw
vendors and taxi drivers, and so clearly this
bodes well for the future of our country,” he

said.

The minister continued: “And
what about the husband of the
candidate? Who now employs
our former chairman? We sat
around at a meeting at his request
shortly after the elections because
when the PLP came to office he
thought that because he was
FNM, he wanted to know if I as
his representative in Fox Hill
would speak.to the pegple at
Atlantis who he thought would
end his contract because the gov-
ernment changed.

“We sat in Athena’s cafe and
he asked for my help. I agreed
because I support any Bahamian
contractor and I did speak to
them to say simply this: The PLP
does not condone or support any
action that would jeopardize any
Bahamian contractor and cer-
tainly not on the basis of political
affiliation.

“T did not think that anyone at
Atlantis needed that reminder
because that is not the kind of
company they are but the candi-
date for Fox Hill for the FNM is
able to enjoy the good life that
she has today, the money that her
husband is spending to try to
defeat the PLP in Fox Hill
because Fred Mitchell did a
favour for him. So when you say I
did nothing talk that to your hus-
band.”

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PAGE 10, TUESDAY, JANUARY 30, 2007







JANUARY 30, 2007



TUESDAY EVENING

| 7:30 [8:00 | 8:30 | 9:00 | 9:30 | 10:00 | 10:30

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i (1999) ‘R’ (CC) Jing wife unravels. O'R’ 0.

THE TRIBUNE -







































Let Charlie the
Bahamian Puppet and
his sidekick Derek put

some smiles on your

kids’s faces.

















Bring your children to Hs.
McHappy Hour at McDonald's in









Marlbo rough Street every Thursday







from 3:30pm to 4:30pm during the
month of January 2007.













Enjoy Great Food, Prizes and Lots of Fun.



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THE TRIBUNE

TUESDAY, JANUARY 30, 2007, PAGE 11





HM MRS MCKENZIE points to pieces of mould-covered dry-wall that had to be feuitved after

her house was flooded.

FROM page one

Mrs McKenzie thinks that the
water pipes in her home were
never sealed. She has come to
this conclusion as several other
houses in the aréa, built by the
same contractor, also suffered
major floods at the same time.
Furthermore, she has discovered
pipes leading to her septic tank
also unsealed.

As a result of the flood, Mrs
McKenzie has had to dig-up all
the floor tiles in her home and
has also started to remove large
portions of her rock-sheet walls.

The consequences of the pos-
sible negligence of the contractor,
and the inadequate inspection
process by the Ministry of Hous-
ing, have been devastating for
Mrs McKenzie.

She has been forced to hire a
new builder to finish the house.
And as he started to remove the
water logged walls, he has dis-
cover mould growing through-
out the inner walls of the house.

Mould infestation can lead to
chronic respiratory problems for
the inhabitants of the infested
home. In some circumstance
homes can be condemned if
mould growth becomes endemic
and uncontrollable.

|

Resident

What is more distressing for
Mrs McKenzie is that she had
earlier given two months notice
to her current landlord. This
time ends tomorrow evening and
she is not sure where she and her
husband will stay.

Of her current dilemma, she
stated: “Stressful. I just got up
this morning crying again
because I can’t believe I have to
be faced with this and still have
to move by; Wednesday. It’s too
much — plenty stress.”

Mrs McKenzie did not wish to
attribute blame for the situation
to the current Minister of Hous-
ing, Neville Wisdom. However,
she thinks the former Minister.
of Housing, Shane Gibson,
rushed the development of the
houses in areas such as Pride
Estates, leaving some home-
owners in desperate circum-
stances. |

“T really wonder what Mr Gib-
son was doing at the time
because these houses must have
went up in the matter of two
months — just to say that they
were building plenty houses.
And when you rush things, you
get poor quality work. So had he

‘

(Photo: Ana Bianca Marin).

taken his time and gone through
each house with the contractor,
and make sure that everything

- Was up and running, to meet all

the requirements for the building
inspections, we would not even
be complaining,” she said.

Mrs McKenzie also takes issue
with commentators that suggest
that Bahamians in low-cost
homes should be grateful for the
help government gives regard-
less of its quality. She stated that
her mortgage payments are $875

- per month over a period of 26

years. This amounts to nearly
$275,000. The figure appears dis-
proportionate to the actual value
of the homes, as the appraisal
she had done for the house lists
its worth at just over $100,000.

In previous statements to the
press, Minister Wisdom had not-
ed that the retention fee of con-
tractors that produced inade-
quate work would be withheld
in such circumstances, and
incompetent contractors would
also be removed from the list of
available contractors used by
government.

However, up to press time, we
were unable to confirm with the
Minister what action, if any, was

taken against this particular con-.

tractor.

Bahamas Bus & Truck Co., Ltd

Montrose Avenue
-Phone:322-1722 ¢ Fax: 326-7452



FROM page one

files were.
“Tam more than convinced
that this is a stalling tactic. This

is the MO (modus operandi) °

of some people. People’s files
do not go missing.

“Out of all those seriously
injured, some 25 in all, only
two files were found with ref-

_ erence to the Sea Hauler crash.

This is taking away people’s
rights. We are not going to
stand for it.

“We are setting a deadline
for tomorrow. If we don’t get
justice, then we are going to
take it.”

Mr Bain said the victims
were going through “serious

YOUR CONNECTION

Medical files
‘are missing’

turmoil” since thé crash, with
one having their rental prop-
erty’s doors sealed up this
week because they are behind
with rent.

“They are going through
stuff like this every day,” said
Mr Bain, “All they want is to
get this behind them. They
have done nothing wrong. It’s
like this government doesn’t
care.

“They just want their com-
pensation. These were ordi-

nary people before this crash. I
am doing it the gentlemanly
way at present, but it’s now

‘over a month since they

promised to get these files.”

When asked about the mat-
ter, Minister of Transport
Glenys Hanna-Martin referred
the question to her permanent
secretary Archie Nairn.

Mr Nairn said the ministry
could not comment until it had
confirmed the claims with
Princess Margaret Hospital.

THE WORLD



PUBLIC ANNOUNCEMENT

SOFTWARE UPGRADE

The Bahamas Telecommunications Co. Ltd. (BTC) wishes to advise its valued
customers and the general public that in order to maintain optimal service
levels, a software upgrade of its network is required.

As a result, subscribers throughout New Providence and the Family Islands
may experience a slight disruption in domestic services such as land line,
cellular and internet, between the hours of 11:00 pm on Monday, January 29%

to 6:00 am on Friday, February 2â„¢, 2007.

BTC sincerely apologizes for any inconvenience this may cause and assures
the public that every effort will be taken to complete this upgrade in the shortest

possible time.

Poneman

{ERNE teat

aatizmndinned aber
' eT



A FRIENDLY REMINDER
MASS DISCONNECTION EXERCISES
IN THE FOLLOWING AREAS:

¢ Paradise Island « Eastern Road « High Vista
¢ Johnson Estate ¢ Valentine Subdivision ¢ Dick’s Point
* Sans Souci « Winton Meadows ¢ West Bay St.
¢ Skyline Drive « Prospect Ridge « Cable Beach
* Delaport Point * Sandy Port « Tropical Gardens
¢ Gambier Heights ¢ Coral Harbour ¢ Lyford Cay
¢ Centreville * Hawkins Hill ¢ Palmdale « Wulff Road
¢ Twynam Heights « Hillside Park * Mackey Street
* Shirley Street * Murphyville and Montague Village.

PRIORITIZE!

PAY ALL ARREARS ON YOUR BEC BILL IMMEDIATELY!

All overdue BEC payments must be made at the Head
Office on Blue Hill and Tucker Roads, the Mall at Marathon

or the Main Post Office.

Powering The Bahamas for Generations

0
PAGE 12, TUESDAY, JANUARY 30, 2007

Nokia 613)
aX yi

ih: a purchase of
the new se ected items at Cyber World.

hea

ay Mone)

Nokia #110



THE TRIBUNE

SPECI

© PLEASE NOFE

iS ARE AVAILAGLE WHILE SUDPLARS LAST

reuse





SECTION



business@tribunemedia.net

TUESDAY, JANUARY 30, 2007

Miami Herald Business, Stocks, Analysis, Wall Street

Saipan

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LNG project gain

m@ By CARA BRENNEN-
BETHEL

Tribune Staff Reporter

nited States

regulators have

granted the

AES a two-

year extension
to the date when their proposed
multi- million dollar Bahamian
liquefied natural gas (LNG) ter-
minal and pipeline should be
completed and operational, but
not the four years the company
was seeking.

AES had wanted the Federal
Energy Regulatory Commission
(FERC) to extend the deadline
for when its Ocean Express pro-
ject would become operational
to January 29, 2011, from the
original January 29, 2007, due to
“unanticipated delays” in secur-
ing approval from the Bahami-
an government, which was hold-
ing up the project’s process.

According to documents filed
with the FERC, AES’s motion
for the extension, drafted by
their US attorneys, Baker Botts,
said the delay had been caused
by the Bahamian government
. deciding to draft regulations to
govern how the Ocean Cay ter-
minal operated before the pro-
ject was approved.

In granting the two-year
__ extension for the AES Ocean
Express project to January 29,

- 2009, the FERC’s Michael

McGehee, chief of its branch
one division of pipeline certifi-
cates, said: “Ocean Express
states that it has been unable
to commence construction of
the pipeline due to unanticipat-
ed delays in securing final



Fidelity - More than a Bank

ZERO DOWN LOT LOANS



& DR MARCUS BETHEL

approval from the Common-
wealth of the Bahamas for the
construction of related LNG
and pipeline facilities in that
country.”

In its motion to obtain the
FERC extentions, AES said:
“This delay is largely due to
the time required for the
Bahamas to develop regula-
tions to govern the LNG ter-
minal that will be built in the
Bahamas, and the associated
non-jurisdictional pipeline
facilities that will interconnect
with the Ocean Express
pipeline.

“Ocean Express anticipates
that the Bahamian government
will soon complete work on
these regulations, followed
thereafter by final Bahamian
approval of the terminal and

pipeline facilities that are sub-

ject to Bahamian jurisdiction.
“Ocean Express understands
that the Bahamian government
is now undertaking a final
review of the regulations to

lity
one stop

Cabinet waiting on consultants to
finish the AES regulations, hoping
process completed by end-February

govern LNG facilities, and that
this process will soon.be com-
plete. i

“When Ocean Express first
requested an extension of time,
it anticipated that Bahamian
approval of the non-jurisdic-
tional facilities would soon be
forthcoming.”

Mr McGehee
responding to the AES request,
that “no more than five years”
had been allowed for the com-
pletion of construction and plac-
ing approved LNG and related
facilities in service.

Therefore, to ensure the
FERC’s policy was “consistent”,
AES Ocean Express was only
granted a further two-year
extension of time until January
29, 2009, However, the compa-
ny would have the opportunity
“to explain... any further
delays”.

Speaking with The Tribune
yesterday, the minister of ener-
gy and the environment, Dr
Marcus Bethel, said he was not
aware that AES had been

., granted the extension...
He suggested, though, that

the company might now wish
to harmonise the US approvals
with what was happening here.

“The application before Cab-
inet is still pending, and it is
hoped that we can sign off on

said, in’

the regulations...... hopefully by
the end of February, but that
date is not hard and fast,” Dr
Bethel said.

He added that as Cabinet was
dependent on its international
consultants - likely to be Wash-
ington-based ICF Consulting -
to conclude negotiations and
the regulations, they could not
proceed further until that
process was completed.

Earlier this month, Dr Bethel
said the process was very
detailed, ensuring that the high-
est standards are maintained.

Aaron Samson, AES Ocean
Express project director, did not
return The Tribune’s phone call
seeking comment yesterday.

The AES LNG terminal on
Ocean Cay, a man-made island
near Bimini, would re-gas
LNG brought by ship to the
island in liquid form. A 95-mile
pipeline would then take some
842,000 dekatherms of LNG
to Florida per day, where it
will supply the state’s electric-
ity needs.

Both former-Florida, gover-

nor Jeb Bush and US officials —

have previously impressed
upon the Government their
desire for the AES project to

SEE page 5B



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S Abaco moves to

strengthen ties

Q-ycar EXteNSiON to Jacksonville

i By CARA BRENNEN-BETHEL

Tribune Staff Reporter



STRONGER tourism ties are expected to be formed between
Abaco and Jacksonville, following a fact-finding mission to the
Florida city by the Ministry of Tourism’s office on that island.

Don Cornish, general manager of the Ministry’s Abaco tourist
office, told The Tribune yesterday that last week’s four-day trip to
Jacksonville went even better than anticipated, with plans made tor
the island to host a promotional Bahamian evening on Jacksonville
Landing, the Florida city’s major port areas, and for more Bahami-
ans to possibly visit Jacksonville for shopping and vacation expe-

riences.

“We want to market Abaco first, of course, but also showcase the
culture of the Bahamas and the possibility of Bahamians going
there, so there is some reciprocity,” he added.

Mr Cornish explained that Abaco has a large second home rmar-
ket, as well as boaters and private flyer tourists. ,

As a result, he said the tourist office thought it was important to

establish stronger ties and rela-

tionships between the two cities.

“Traditionally, we have a lot of

SEE page 56

Bahamas needs ‘vision’
to make trade decisions

@ By NEIL HARTNELL
Tribune Business-Editor

DECISION-making on how
the Bahamas fits into the world
economy and deals with rules-
based trading systems would
“be so much easier” if the

-.country had a-vision of what it

wanted to be and a strategic

plan to get there, the Bahamas

Chamber of Commerce’s exec-
utive director said yesterday.
Philip Simon told The Tri-
bune that the Bahamas had to
“either come up with a super
independent vision for the:
country” that would enable its
economy to prosper outside
rules-based trading systems
such as the World Trade
Organisation (WTO), or
decide to participate in inter-
national trade negotiations and
attempt to secure the best deal
possible for the country.
Pointing out that the
Bahamian economy and busi-
nesses would be affected
regardless of whether this
nation joined international
trade agreements or remained
on the outside, Mr Simon said:

“I believe if we truly have a

national vision, if we have a
plan like a business plan for

the country, that at least has
an idea of what we want to
look like in the future, it makes
decision-making so much more
easier.

“In the absence of that, we
may.have to join the ball
game.”

The- Chamber executive
director pointed out that bod-
ies such as the WTO set out
and developed what were
referred to as “the rules of
engagement” between differ-
ent countries.

“More often than not, they
influence standards and speci-
fications, and if you are not
privy to them or participate in
negotiations, if you are going to
participate in world trade then
you have to meet those stan-
dards,” Mr Simon said.

He acknowledged that both
the Bahamian private sector
and the Government were still
developing this nation’s posi-
tion on the Economic Partner-
ship Agreement (EPA) being
negotiated, on the Bahamas’
and Caribbean’s behalf, by
Cariforum with the European
Union (EV).

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TUESDAY, JANUARY 30, 2007











THE MARKETS BANKS
STOCKS, MUTUAL FUNDS, 5-6B
Dow30 —«12,490.78~=—«+3.76 AA C ° t ° t @ ; ) , B @
sapso0 —s«* 2062-156 W 1 igro up O aC quire an n
NASDAQ 2,441.09 +5.60
Bi Citigroup continues a trend of in Britain and its Internet expertise ish credit card base. in a stock-and-cash deal.
10-YR NOTE ae bs focusing on strategic acquisitions worldwide. The move is in line with two Citigroup also has been moving in
CRUDE OIL 54.01 -1.41 Vv with its purchase of ; Citigroup, which is headquartered recent trends at Citigroup, the largest recent years to expand its online

Stocks
mixed
amid
merger
news .

BY TIM PARADIS
Associated Press

NEW YORK — Stocks barely
budged Monday, ending nar-
rowly mixed after yields on the
30-year Treasury note briefly
hit 5 percent and investors grew
skittish a day ahead of the Fed-

eral Reserve’s first meeting of
_ the year. .

After a volatile week in
which stocks lost ground,
merger and acquisition news
gave a boost to stocks for much
of the session before the 30-year
yield moved higher. Merrill
Lynch & Co. agreed to acquire
wealth manager First Republic
Bank for $1.8 billion in cash and
stock and Citigroup struck an
agreement to buy British
insurer Prudential’s Egg Bank-
ing online bank for about $1.13
billion.

Many on Wall Street were
girding for a busy week of eco-
nomic and earnings news as
they tried to determine whether
an indecisive market can
resume its advance from the
second half of 2006. A two-day
Fed meeting begins ‘Tuesday,
after which investors will
receive the central bank’s latest

read on the economy and inter- |

est rates, and a torrent of
fourth-quarter earnings reports
is due. The Fed has left short:

term interest rates unchanged
at its last four meetings.

“The market really can’t find
any direction,” said Todd
Leone, managing director of
equity trading at Cowen & Co.,
describing recent sessions as
“rudderless” ahead of the Fed
meeting. He said investors
appeared unnerved after the
yields on the 30-year Treasury
note moved higher.

The Dow Jones industrial
average rose 3.76, or 0.03 per-
cent, to 12,490.78.

Broader stock indicators
were mixed. The Standard &
Poor’s 500 index was down 1.56,
or 0.11 percent, at 1,420.62, and
the Nasdaq composite index
was up 5.60, or 0.23 percent, at

2,441.09.

Yields on the 30-year Trea-
sury note hit 5 percent and then
slipped back as investors wres-
tled with questions over the
direction of interest rates. The
Fed sets short-term interest
rates — the rates banks charge
each other for overnight loans
— but the central bank’s pro-
nouncements can affect all
interest rates.

Oil fell sharply, though not
enough to ‘sends the major
indexes higher. Oil settled down
$1.48 at $53.94 per barrel on the
New York Mercantile Exchange
amid concerns OPEC members
would increase production.

Drug developer MDS agreed
to acquire Molecular Devices,
which makes bioanalytical mea-
surement systems, for $615 mil-
lion. MDS rose 21 cents to $17.31,
while Molecular Devices
jumped $11.18 to $35.06.

_ Advancing issues outpaced
decliners by about 6 to 5 on the

- New York Stock Exchange,
where volume came to 2.69 bil-
lion shares compared with 2.68
billion shares traded Friday.

The Russell 2000 index of
smaller companies rose 4.96, or
0.63 percent, to 793.10.

Japan’s Nikkei stock average
closed up 0.28 percent. Britain’s
FTSE 100 ended up 0.19 percent,
Germany’s DAX index finished
up 0.53 percent, and France’s
CAC-40 was up 0.67 percent.



London-based Egg Banking, the
world’s largest stand-alone
online bank, for $1.13 billion.

BY EILEEN ALT POWELL
Associated Press

NEW YORK — Citigroup
announced Monday that it was buy-
ing the world’s largest stand-alone
online bank, London-based Egg Bank-
ing, to expand its financial operations

potenti

i



in New York, said it would pay Brit-
ish insurer Prudential $1.13 billion in
cash for the bank. The deal is subject
to regulatory approval and is
expected to close by the end of April.

The combination of Egg and Citi-
group’s British consumer banking
and finance operations will create a
financial services provider with over
4 million customers and more than
quadruple Citigroup’s 800,000 Brit-

MICROSOFT



bank by assets in the United States.
Chief Executive Charles Prince
has eschewed blockbuster deals and,
instead, focused on targeted and stra-
tegic acquisitions such as the Egg
Banking purchase. In December, Citi-
group announced it was buying
Quilter, a wealth management unit in
the United Kingdom, from Morgan
Stanley; at the same time, it bought a
Central American banking company



MARK LENNIHAN/AP

SHOWTIME FOR VISTA: Dancers scale the wall of a New York building during ceremonies promoting

_ the launch of the long-awaited Vista operating system from Microsoft, which went on sale today.

i
i
|
|
|
i
}
i
|



| GATES CONTENDS NEW WINDOWS SYSTEM HAS
‘WOWS ALL OVER THE PRODUCT’

- BY JESSICA MINTZ
Associated Press

NEW YORK — Acrobatics, blaring music and plenty of hype
accompanied Microsoft’s long-delayed debut of its new Windows Vista
operating system. Hours before the software went on sale in New York,

dancers clad in Microsoft colors dangled from ropes high above street
level and unfurled flags to form the red, green, blue and yellow Windows

logo against a building wall.

: At a swank midtown eatery,
speakers pumped out a hit from
hip-hop hotshot Snoop Dogg before
Steve Ballmer, Microsoft’s chief
executive officer, took to stage.

/ “Vista is the center, the launch-
| ing point for the next generation of
connected entertainment in the
| home,” Ballmer said.

around the globe today, along with
new versions of Microsoft
Exchange e-mail software and the
| flagship Office business suite,
| which includes Word, Excel and
| PowerPoint. Several retailers had
_ even scheduled midnight openings.

next-generation game machines
like Sony’s PlayStation 3, customers

BRITAIN

Vista was set to go on sale .

But unlike the recent launches of.

haven’t been camping out for days.

’ “When I look at Windows Vista,
I see a technology that is interest-
ing, that is relevant, but to some
extent is evolutionary,” said Al Gil-
len, an analyst at the technology
research group IDC. “I do not
believe it will create a lot of motiva-
tion for people to rush out and get a
new operating system.”

In an interview, Microsoft chair-
man Bill Gates said the company
actually wasn’t pushing midnight
sales events — after all, the soft-
ware will be available as a down-
load over the Web for the first time.
Even that route will be relatively
rarely taken — Ballmer acknow]-
edged that, as in the past, most con-
sumers will switch to Vista only -

. VISION



VIRGINIA SHERWOOD/NBC UNIVERSAL

BILL GATES: ‘When people think
about their PC, they think
about Windows even more
than who the manufacturer is.’

when they buy new computers.
More than five years in the mak-
ing, Vista was released for busi-
nesses Nov. 30, but the unveiling
for consumers of the latest edition

° TURN TO VISTA





banking presence. Its U.S. retail bank-
ing arm launched Citibank Direct in
March 2006 to offer high-yield sav-
ings accounts to compete with simi-
lar offerings from other Internet
banks and to attract more people to
its online banking and bill paying ser-
vices.

Ajay Banga, chairman of Citigroup

* TURN TO CITIGROUP

INVESTMENT SERVICES

Merrill —
Lynch will
buy First ©
Republic
for $1.8B

@ Retail brokerage firm Merrill
Lynch announced it will purchase
First Republic Bank for

$1.8 billion in cash and stock - the
company’s largest takeover in
more than a decade.

NEW YORK — (AP) — Merrill
Lynch, the biggest U.S. retail broker-
age firm, said Monday it will buy San
Francisco-based wealth manager
First Republic Bank for $L8 billion in
cash and stock.

The transaction allows Merrill
Lynch to tap into $10.7 billion of
assets held by First Republic, which
provides investment services includ-
ing trust banking and luxury home
lending. Because it caters to the
wealthy, First Republic attracts hefty
deposits and has few credit problems,
the companies said.

This marks Merrill’s biggest take-
over in about a decade, and is part of
a wider strategy to offer banking ser-
vices for its more affluent customers.
The New York-based company last
year took a 50 percent stake in money
manager BlackRock, and also bought

‘mortgage bank First Franklin Finan-

cial last year.

“First Republic will enable Merrill |

Lynch to accelerate its strategic
objective of growing its high net
worth business,” said Robert J.
McCann, president of Merrill Lynch’s
private client business, in a state-
ment. :

He said last year the company was
in talks with a number of smaller
money management firms around the
world to bolster the unit’s reach.
Among deals secured overseas has
been a joint venture with Mitsubishi
Tokyo Financial Group to target
wealthy customers in Japan.

First Republic would become a
stand-alone division within Merrill
Lynch Bank & Trust, maintaining
First Republic’s name and San Fran-
cisco headquarters. Merrill Lynch
expects to close the deal in the third
quarter, pending shareholder and
regulatory approvals.

Merrill Lynch offered $55 per
share for First Republic, split evenly

°TURN TO MERRILL

British Airways averts costly cabin crew strike

@ Tough last-minute negotiations
with a union representing British
Airways crew members helped
the airline avoid a costly strike.

BY JANE WARDELL
Associated Press

LONDON — British Airways and
a union representing its cabin crew
reached a last-minute agreement
Monday to avert a 24-hour strike
scheduled to begin at midnight,
allowing the carrier to reinstate all
flights from its London airports.

BA said that it did not expect
delays on flights out of Heathrow or
Gatwick over the next two days as it
scrambled to put its full flying sched-
ule back in place, but said that some
flights would not operate a full cater-
ing service. Passengers will instead
be offered coupons to buy food at the
airport before boarding.

The Transport & General Work-
ers Union also canceled two other 72-

- hour strikes it had planned for early

February after the agreement was
hammered out on cabin crew pay,
pensions and sick leave entitlements.
The union represents about 11,000 of
the airline’s 14,000 cabin crew mem-
bers.

BA said last week it would scrap
all flights from Heathrow and several
more from Gatwick, totaling around
1,300 flights to and from the capital,
that were scheduled for today and
Wednesday as talks with the union
stalled.

Averting the walkout will save BA
tens of millions of dollars — industry
analysts had estimated that the two-
day strike would cost the airline $59
million in lost revenue and other
expenditures. They also estimated
that the walkouts would cost the Brit-









MATT DUNHAM/AP

AGREEMENT LANDED: British Airways said it reached an agreement with
a union representing cabin crews to head off a scheduled strike.

ish economy another $4.9 million per
day in terms of lost productivity.
However, BA is still likely to lose

millions of dollars because many of

Se

its customers due to travel on today
and Wednesday will already have

° TURN TO STRIKE



i
SPORTS



_seasenanareanenanocesnnee ane MALAI SRALANA TENET

he AMiami Herald |



PRO FOOTBALL
COMMENTARY

Note to Bears:

Turn off the
TV this week

BY GARY MYERS
New York Daily News
IAMI — This is the Peyton
Manning Super Bowl. The
Bears are just along for the
ride. They are in the way of the most
visible and popular player in the
league finally holding the trophy.

By the time they play the game
Sunday, the Bears are going to be so
sick of hearing about Manning that
they might even stop saying they love
his commercials, which pop up on
television every two or three minutes,
in case you haven’t noticed.

Manning beat the Patriots last
week in the AFC title game when he
outplayed Tom Brady down the
stretch. Now to get rid of the label
that has followed him since college
that he can’t win the big game, he still
has to beat the Bears in Super Bowl

The Bears got off the plane Sunday
whining and not showing much origi-
nality with that

- old and tired
‘Super Bowl
theme that “we
don’t get any
respect.” They
do know that
to beat the Colts, they have to disrupt
Manning’s rhythm, get in his face and
make him throw interceptions, which
he has done in the playoffs this sea-
son.

GOING AFTER PEYTON

Chicago defensive end Alex
Brown, who ruined Eli Manning’s ©
night in November, must now do the

same to big brother.

“We want to put pressure on him.
We want to hit him when he throws
the ball. We want to hit him before he.
gets rid of the ball,” Brown said. Man-
ning threw only nine interceptions in
557 pass attempts during the regular
season. But in three playoff games,
with the pressure and stakes raised,
he has thrown six in 115 attempts.
When New England’s Asante Samuel
stepped in front of Marvin Harrison
and returned an interception 39 yards
for a touchdown in the second quarter

last week, it gave New England a 21-3
lead. But Manning was spectacular
the rest of the way and Indianapolis
set a record with the largest come-
back in conference championship
game history.

“We have to play Chicago Bears
football,” cornerback Charles Tillman
said. “Play hard, play fast and play ~
physical.”

Bears coach Lovie Smith made it a
point to mention that on the plane
ride from Chicago to Miami on Sun-
day, he had studied the Colts media



guide and that 18 pages were devoted »

to Manning. His bio and statistics
start on page 91 and end on page 108.
That’s an awful lot for a player who
had not been to the Super Bowl when
the book was published.

“We have scholarship players, too,
and hopefully we can slow him down
a little bit,” Smith said.

BEAR OF A CHALLENGE

These are not the ’85 Bears, who
never complained about not getting
enough respect. These Bears were the
best team in a miserable year for the
NFC and they deserve a shot to break
the conference’s three-year losing
steak in the Super Bowl. But going
into the playoffs, the top four AFC
teams — San Diego, Baltimore, Indy
and New England — were all better
than the Bears. And now the Bears
will try to match up with Manning
while hoping Rex Grossman can get
his quarterback rating over 50.

Smith started with a curfew Mon-
day night and is confident his players
will police themselves.

That is not something Mike Ditka
could have said 21 years ago. Ditka
couldn’t even prevent Jim McMahon
from mooning a television news heli-
copter during Super Bowl practice in
New Orleans.

But those Bears could afford to be
living the fun life on Bourbon Street.
They were facing the Patriots and
Tony Eason. These Bears have to face
Manning, whom Smith called “one of
the all-time greats.” The Bears won’t
be closing the bars on South Beach: If
they are up late, they need to be
studying tapes of Manning.

Smith knows the only way to make
anybody believe in his team is to go
out and beat the best quarterback in
the NFL.

If the Bears want to win this game,
they are going to have to turn off the
television and knock Manning
around.



TUESDAY, JANUARY 30, 2007



A NBUARCLRUELOULE Re COERSRSSALASBSI ESSER URES

3E

INTERNATIONAL EDITION



PRO BASKETBALL | MINNESOTA 121, PHOENIX 112

Suns’ winning streak ends at 17

BY JON KRAWCZYNSKI
Associated Press

MINNEAPOLIS — The hard-driving Phoe-
nix Suns finally hit a road block in Kevin Gar-
nett.

Garnett almost single-handedly snapped the
Suns’ 17-game winning streak, scoring 44 points
and grabbing 11 rebounds in Minnesota’s 121-12
victory on Monday night.

The All-Star forward was everywhere in the
final period against the Suns, dropping turn-
around jumper after turnaround j jumper to hand
Phoenix its first loss of 2007.

He scored 15 points in the fourth, including a
looping fallaway from the baseline that gave
Minnesota a 118-109 lead with 1:55 to play, and
put new coach Randy Wittman on the way to a
victory in his home debut.

Raja Bell scored 26 points and Steve Nash
had 20 points and 18 assists for the Suns, who
were looking to tie the fourth-longest winning
streak in NBA history.

But one night after downing LeBron James
and the Cleveland Cavaliers for No. 17 in a row,



JIM MONE/AP

STREAK BUSTER: Superstar Kevin Garnett
poured in 44 points to power Minnesota.

the Suns couldn’t find an answer for Garnett
and uncharacteristically lost their offensive
mojo in the fourth quarter.

After scoring 95 points in the first three quar-
ters, Phoenix managed just 17 in the fourth and

looked a little acanh

Nash dissected the Wolves’ defense for the
first three quarters, piling up assists at a near
record pace. But he scored just three points on
1-of-6 shooting and had just one assist in a final
period that belonged to Garnett.

The Suns were in deep trouble midway
through the fourth quarter thanks to three big
shots by Garnett and some dirty work on the
boards by Mark Madsen.

Madsen, an offensive liability for most of his
seven years in the league, hit a fallaway jumper
just outside the lane to cap an 8-0 run, then gave
Minnesota a 112-107 lead with 3:38 to play after
he scooped up a rebound and laid it in.

Garnett followed with a twisting, turning
fadeaway on the baseline that brought the
crowd to its feet.

When the final buzzer sounded, Garnett
came over to Wittman and stood eye-to-eye
with the new coach, shouting encouragement
before stomping off the floor. Wittman took
over for the fired Dwane Casey last week.

e NBA REPORT



HORSE RACING | BARBARO

arbaro is euthanized



WINNING MEMORIES: Jockey Edgar Prado celebrates after riding Barbaro
to victory in the Kentucky Derby last May. But Barbaro broke down two
weeks later at the Preakness and fought his ailments for eight months.

DON EMMERT/AFP-GETTY IMAGES

m Horse’s owner calls

it ‘the right decision’

BY DAN GELSTON
Associated Press

KENNETT SQUARE, Pa. — Kentucky Derby winner Barbaro
was euthanized Monday after complications from his gruesome
breakdown at last year’s Preakness, ending an eight-month
ordeal that brought an outpouring of support across the country.

A series of ailments — including laminitis in the left rear
hoof, an abscess in the right rear hoof, as well as new laminitis in
both front feet — proved too much for the gallant colt. The
horse was put down at 10:30 a.m. EST.

“Certainly, grief is the price we.all pay for love,” said co-
owner Gretchen Jackson at a news conference.

Barbaro battled in his ICU stall for eight months. The 4-year-
old colt underwent several procedures and was fitted with fiber-
glass casts. He spent time in a sling to ease pressure on his legs,
had pins inserted and was fitted at the end with an external .
brace. These were all extraordinary measures for a horse with
such injuries.

“Clearly, this was a difficult decision to make,” said chief sur-
geon Dr. Dean Richardson. “It hinged on what we said all along,
whether or not we thought his quality of life was acceptable.
The probable outcome was just so poor.”

Richardson, fighting back tears, added: “Barbaro had many,
many good days.” Roy and Gretchen Jackson were with Barbaro
on Monday morning, with the owners making the decision in
consultation with Richardson. :

“We just reached a point where it was going to be difficult for
him to go on without pain,” Roy Jackson said. “It was the right
decision, it was the right thing to do. We said all along if there
was a situation where it would become more difficult for him
then it would be time.”

Richardson said he was comfortable the right decision was
made and could tell Barbaro was not his usual self early Monday
morning. “He was just a different horse,” he said. “You could see
he was upset. That was the difference. It was more than we
wanted to put him through.”

On May 20, Barbaro was rushed to the New Bolton Center,
about 30 miles from Philadelphia in Kennett Square, hours after
shattering his right hind leg just a few strides into the Preakness
Stakes. The bay colt underwent a five-hour operation that fused
two joints, recovering from an injury most horses never survive.

“It’d be nice if he’s remembered for winning the Kentucky
Derby, not for breaking down in the Preakness,” said Peter
Brette, Barbaro’s exercise rider and assistant trainer for Michael
Matz.

TENNIS | PETE SAMPRAS

Sampras agrees to play on over-30 tour

BY HOWARD FENDRICH
Associated Press

Pete Sampras will play tournament tennis for

the first time since 2002, competing on a tour
for players over 30, The Associated Press has
learned.

Sampras’ Outback Champions Series debut,
which will come May 2-6 at Boston University’s
Agganis Arena, is to be announced formally
today. Sampras, 35, will appear in at least one
other event on the tour in 2007.

“This is kind of my first dive into the waters,
so to speak, to see how I feel and play a match I
really want to win,” Sampras, owner of a record
14 Grand Slam singles titles, said in a telephone
interview with the AP

“T still love the sport — I practice two, three
times a week — but I don’t miss the grind. This
is a time to catch up with old competitors, old
friends, and see if I still have a few things left in
the bag,” he said.

It’s the latest step in a gradual return to a
sport Sampras dominated for the better part of
a decade, then pretty much disappeared from



the way he expects the senior events will.

“The stakes are a little bit higher playing in a
tournament and against some former greats,”
Sampras said. “There’s a sense of satisfaction in
that. Not like it used to be, but you want to win
and play well.”

John McEnroe and series co-founder Jim
Courier also will be in the eight-man field in
Boston, where there will be $142,000 in prize
money. Michael Chang, Goran Ivanisevic and
Mats Wilander are other major champions who
have participated in the Outback Champions
Series, which is entering its second full season.
ELISEAMNEDOLA/AP = "T'>) qualify, a player must have reached a Grand

BACK FOR MORE: Pete Sampras celebrates
in 2002 after beating Andre Agassi to
capture the U.S. Open in his final match.

after winning his last match, against Andre
Agassi in the U.S. Open final in September
2002. He didn’t announce his retirement until a
year later, then never re-emerged until playing
exhibitions and World Team Tennis in 2006.
But it didn’t get his competitive juices flowing

Slam singles final, been ranked in the top five,
or played singles on a Davis Cup championship
team. Landing Sampras is a coup for Courier,
who began discussing the series with his former
Davis Cup teammate more than a year ago.

“Pete’s got a great connection with tennis
fans in this country. People will enjoy seeing
Pete really lace it up and go for it with his ‘A’
game,” Courier said.

e MORE TENNIS


Hawks solve Magic again

From Miami Herald Wire Services

ATLANTA — Joe Johnson
had another high-scoring game
against Orlando, putting up 34
points to help the Atlanta Hawks
answer a third-quarter challenge
and beat the Magic 93-83 on
Monday night.

Johnson, who had averaged
31.8 points in the Hawks’ past
five victories over Orlando,
scored 22 in the second half.

Orlando pulled to within
48-47 early in the third quarter
before the Hawks answered with
13 consecutive points. Johnson
capped the run with a pull-up
jumper for a 61-47 lead.

Orlando lost its third in a row,
including two to Atlanta in four
days. The Magic have lost eight
of its past nine. The Hawks won
the season series 3-1.

The Hawks led 71-58 after the
third quarter, but Grant Hill
opened the fourth quarter by
scoring seven consecutive points
to cut the lead to six points. Hill
led the Magic with 21 points.

Tyronn Lue ended Hill’s run
with a 3-pointer, and the Hawks
- quickly pushed the lead back to
double figures. Johnson hit a
3-pointer with 3:10 left to push
the Hawks’ lead to 89-69.

With Johnson and Lue on the
bench, Orlando scored 10 con-
secutive points to close to within
89-79 with 1:25 left. Atlanta coach
Mike Woodson called a timeout
to put Johnson back in the game.

The Magic pushed the run to
12-0 to cut the Atlanta lead to
89-81, but the comeback ended
there.

Josh Smith posted his fourth.
consecutive double-double with
19 points and 12 rebounds. Lue
had 13 points with seven assists
and Marvin Williams added 12
points for Atlanta.

Jameer Nelson scored 16
points for Orlando. Dwight How-
ard had 15 points and seven
rebounds.

HORNETS 103, BLAZERS 91

OKLAHOMA CITY — David
West had 21 points and 10
rebounds, and Jannero Pargo

PRO BASKETBALL | HOCKEY

PRO BASKETBALL

kept New Orleans’ offense going *

in the fourth quarter to help the
Hornets beat the Trail Blazers.
After Juan Dixon’s three-point
play brought the Blazers to
within 76-74, New Orleans came

‘back with a 10-2 run that Bobby

Jackson capped by hitting a
3-pointer from the right side and
a jumper from the foul line.
Pargo scored New Orleans’
next 12 points, including a diffi-
cult driving layup that stretched
the Hornets’ lead to 13 at 96-83.

GRIZZLIES 124, KINGS 117

MEMPHIS, Tenn. — Pau
Gasol scored 34 points and Mike
Miller added 27 to lead the Griz-
zlies to the victory.

Chucky Atkins came off the
bench to score 22 points, includ-
ing 13 in the final quarter, to help
the Grizzlies win for only the
third time in 10 games.

Behind Gasol, Miller and
Atkins, the Grizzlies shot 58.6
percent and outrebounded the
Kings, 47-25. Gasol was 14-of-17
from the field and scored 12
points in the fourth quarter.

Mike Bibby led Sacramento
with 23 points.

ROCKETS 105, 76ERS 84

HOUSTON Tracy
McGrady scored 25 points before

- sitting out the fourth quarter and

Rafer Alston had nine of Hous-
ton’s season-high 3] assists in the
Rockets’ victory.

Juwan Howard added 20
points, 10 rebounds and six
assists as the Rockets held an
opponent to 85 points or fewer
for the third consecutive game.

ELSEWHERE

e Cavaliers: The most
famous big toe in town needs
pampering, and LeBron James
just might give it some. The All-
Star forward said he’ll consider
sitting out Cleveland’s next few
games to rest his sore right toe,
which he injured on a recent
road trip and aggravated during
Sunday’s game against Phoenix.

After missing Friday’s game at
Philadelphia, James returned and

INTERNATIONAL EDITION _ TUESDAY, JANUARY 30, 2007 | 9



JOHN AMIS/AP

DEALING WITH REJECTION: Hawks swingman Josh Smith, left,
blocks a shot by Magic guard Jameer Nelson on Monday.

scored 30 points in 42 minutes
against the Suns, but he re-in-
jured the toe during the fourth
quarter of the Cavaliers’ 115-100
loss. ;

e Jazz: Forward Carlos
Boozer missed Monday night’s
game against the New Jersey
Nets with a bruised left knee.

Boozer, the Jazz’s leading
scorer and rebounder, injured
his knee Saturday against the
Hornets in a collision with
Tyson Chandler.

Boozer was still on crutches
Monday and wasn’tisure when
he would play again. He said he
had asked his own'*doctor to
review an MRI and was waiting
to hear from him.

Boozer was replaced in the



EASTERN CONFERENCE

J ATMS ;



N.Y. Rangers 6, Boston 1
Montreal 3, Ottawa 1





Florida at Pittsburgh, late
Boston at Buffalo, late
Toronto at Carolina, late
New Jersey at Atlanta, late

Chicago 4, Calgary 3
Anaheim 4, Dallas 1
Detroit 3, Colorado 1

Tampa Bay at Philadelphia, late Vancouver 3, S.J. 1
Washington at Ottawa, late

Detroit at N.Y. Islanders, late

Minnesota at St. Louis, late

Nashville at Colorado, late

os Angeles at Calgary, late

Columbus at Vancouver, late

Dallas at San Jose, late

SOUTHEAST WL OL SLPTS GF GA HOME AWAY DIV
Atlanta 28 16 6 2 64160 156 13-7-3-1 15-9-3-1 :12-4-4-1_ |
Carolina 26 20 2 4 58162 164 14-8-0-3 12-12-2-1 — 13-5-0-2
Tampa Bay 26 23 1 1 454161 160 12-13-0-0 14-10-1-1 11-7-0-0
Washington 21 22 2-5 49 158.177 12-11-1-2 | 9-11-1-3 8-10-1-1
Florida 19 22 4 6 48147 163 13-9-2-1 -6-13-2-5 . 4-11-2-0
ATLANTIC = OWL OL SLPTS GF GA == HOME = AWAY DIV
New Jersey 30 15 0 5 65130 115 17-4-0-4 13-11-0-1 © 12-4-0-1
N.Y. Rangers 25 21 3 1 54148 149 10-10-3-0 15-11-0-1 9-9-0-0
Pittsburgh 23°17 3) «5 «54162 153 §=12-8-2-2,—:11-9-1-3.—:13-5-1-1
N.Y. Islanders 23 21. 3 2 51146 144 = 12-9-2-1 11-12-1-1 9-7-2-0
Philadelphia 12.32 2 3 29117 185 3-15-2-2 9-17-0-1 —3-13-0-3
NORTHEAST WoL OL SLPTS GF GA HOME AWAY __oDIV
Buffalo 33 14 2 2 70190 151 16-7-1-1 = 17-7-1-1 9-8-1-1
Montreal 28 18 +1 4 61150 145 16-7-0-3 12-11-1-1 10-6-0-4
Ottawa 29 21 2 O 60175 142 14-11-1-0 15-10-1-0 —13-8-0-0
Toronto 23 21 2 4 52 163 169 11-12-1-2 12-9-1-2 9-8-2-2
Boston 22 22 1 3 48138 179 14-10-0-2 8-12-1-1 10-10-0-1
WESTERN CONFERENCE
CENTRAL = OW OL OL SLPTS GF GA = HOME =AWAY = OW
Nashville 36 12 2 1 75182 129 18-3-2-1 18-9-0-0 17-4-1-0
Detroit 31 14 3 3 68153 121 18-3-1-2 13-11-2-1 —-11-3-1-1
St. Louis 20 22 4 4 48128 154 10-12-2-1 10-10-2-3 — 7-11-2-2
Columbus 20 25 2 3 45126 153 12-10-1-2 8-15-1-1 = 7-11-0-2
Chicago 18 25 2 5 43124 156 11-13-1-2 7-12-1-3 9-12-1-0
NORTHWEST Wook OL SLPTS GF GA = HOME: = AWAY = Div
Vancouver 28 19 1 2 59 129 126 16-8-1-0 12-11-0-2 9-10-0-1
Calgary 26 17 3 3 58151 127 19-5-0-0 7-12-3-3 —-10-5-1-2
Minnesota 26 21 O 4 56140 132 18-5-0-3 8-16-0-1 8-6-0-2
Colorado 24 21 2 2 52 153 144 13-10-1-2 11-11-1-0 9-5-1-0
Edmonton 24 22 2 2 52136 146 15-10-1-1 9-12-1-1 8-10-1-0
PACIFIC =W_L OL SLPTS GF GA HOME AWAY _iOW
Anaheim 31 12 2 6 70171 131 = 17-4-1-4 = 14-8-1-2.— 11-3-0-1
San Jose 33 17 O O 66155 114 17-9-0-0 16-8-0-0 11-8-0-0
Dallas 29 19 0 2 60133 124 15-8-0-1 14-11-0-1 13-6-0-0
_ Phoenix 23 25 1 1. 48140 175 12-11-1-0) 11-14-0-1—-7-12-1-1
Los Angeles 17 29 3 3 40144 188 11-12-3-3 6-17-0-0 6-14-0-2
Note: Two points for a win, one point for a tie and overtime loss
RESULTS AND SCHEDULES
Monday’s results Tonight’s games Sunday’s results

(OT)

Philadelphia 2, Atlanta 1

NHL LEADERS

SCORING GOALIES

Through Sunday Through Sunday
Player, team GP G A Pts Player, team GP MIN GAAVG
Crosby, Pit 45 25 53 78 Caron, Chi-Ana 2 88 2 1.36
Ovechkin, Was 50 31 37 68 Brodeur, NJ 48 2896 96 1.99
St. Louis, TB 51 30 36 66 Backstrom, Min 15 778 26 2.01
Hossa, Ati 52 31 34 65 Hasek, Det 38 2242 75 2.01
Heatley, Ott 51 30 35 65 Gigu, Ana 35 1965 70 2.14
Lecavalier, TB 51 30 35 65 Toskala, SJ 28 1630 60 2.21
Savard, Bos 47 18 44° 62 Nabokov, SJ 25 1353 51 2.26
Thornton, SJ 50 14 48 62 Kiprusoff, Cal 45 2705 103 2.28
Selanne, Ana 51 31 30 61 ‘Turco, Dal 44 2461 95 2.32
Jagr, NYR “49 19 42 «61 Mason, Nas 32 1854 72 2.33

|
| From Miami Herald Wire Services

BOSTON — Petr Prucha
scored two goals and assisted
on another, and linemates
Matt Cullen and Jed Ortmeyer
also had three points Monday
night in the New York Rang-
ers’ 6-1 victory over the Boston
Bruins.

Brendan Shanahan scored
his team-leading 25th goal on a
penalty shot in the third
period for the Rangers, who
have won two consecutive
road games following the All-
Star break.

New York has beaten Bos-
ton six consecutive times,
including twice this month.

The Rangers were whistled
for only four penalties, but
registered two short-handed
goals — one by Cullen, and
Shanahan’s penalty-shot tally
that made it 5-1. Michael
Nylander closed the scoring
with a power-play tally at 7:39.

The Bruins have lost three
in a row — scoring just two
goals — and are 3-9-1 in their
past 13 games. Patrice Berge-
ron got Boston even at 1 witha
power-play goal in the first
period.

Cullen added two assists,
and Ortmeyer had three as the
Rangers’ third line dominated
the first two periods. Defense-
man Michal Rozsival scored in
the second, assisted by Prucha
and Cullen.

CANADIENS 3,
SENATORS 1

MONTREAL — Sheldon
Souray, Mark Streit and
Tomas Plekanec scored 2:24
apart in the second period to
lead the Canadiens. ,

On the night the Canadiens
retired Hall of Fame goalie
Ken Dryden’s No. 29, current
Montreal goalie David
Aebischer stopped 26 consec-
utive shots.

ELSEWHERE

e Stars: Mike Modano is
close to returning to the Dallas
Stars’ lineup for the first time



las.



in more than a month. He
might even be back tonight.

Modano, who has missed 23
games since Dec. 4 with a
hip/groin injury, skated hard
again during practice Monday
in San Jose, where the Stars
play against the Shark in their
next two games. The former
captain felt good after the
workout and said he would
play if he felt the same today.

“Tm as close as I’m going to
get, so the sooner I can get
back in, the better,” Modano
said.

Stars coach Dave Tippett
said Modano would be re-
evaluated today before a deci-
sion on his playing status
would be made.

“We aren't going to take
any chances, but he’s getting
close and he’s gone at it hard
every day the past week,” Tip-
pett said.

The Stars play the Sharks
tonight and Thursday, and are
at St. Louis on Saturday.

“It’s more of a mental thing
where I want to feel 100 per-
cent comfortable: and confi- —
dent. Until I get into a game, I
won’t know for sure,” Modano
said.

“I’ve just been waiting to
feel completely healthy as far
as speed and explosiveness go,
and I’ve been getting close the
last few days. I feel like ’'m
turning a corner.”

Modano returned to prac-
tice Thursday, the day after
the NHL All-Star Game in Dal-

He dropped the ceremonial
first puck for the game but
wasn’t able to play.

Modano, a former No. 1
overall draft pick and the only
player remaining on the Stars’
roster that made the move
from Minnesota to Dallas in
1993, is second in career goals
and points among U.S.-born
players.

His 495 goals trail Joe Mul-
len’s 502, and his 1,203 points
trail Phil Housley.

e Sabres:

starting lineup by Andrei Kiri-
lenko, who missed Saturday’s
game with a sprained right ankle
and. had been questionable for
Monday’s game.

e Sprewell sued: The
mother of four of former NBA
star Latrell Sprewell’s children
sued him for $200 million, alleg-
ing Sprewell broke their long-
term cohabitation deal and
roughed her up last month in
their Westchester County (N.Y.)
home.

LATE SUNDAY
e Clippers 98, SuperSon-

ics 76: Sam Cassell scored 21

points in just 19 minutes and
Elton Brand added 22 to lead vis-
iting Los Angeles.

HOCKEY



NBA STANDINGS



EASTERN CONFERENCE




SOUTHEAST W L Pet. GB L10 Str. Home Away Conf
Washington 26 17. 605 - 7-3 W-2 17-4 9-13 18-9
Orlando 23 22 «4.511 640 «2-8 = L383) 14-99-13. 13-13
Miami 19 25 .432 7% 46 L-3 10-10 9-15 8-14
Atlanta 16 27 .372 10 6-4 W-1 8-12 8-15 11-18
Charlotte 16 28 .36410% 5-5 W-1 814 8-14 11-17
ATLANTIC = OW OL Pet. GB L10 Str. Home Away Conf
- New Jersey 22 23 489 - 6-4 W-2 13-10 9-13 16-9
Toronto 22 23 489 - 7-3 Ll 14-7 816 15-9
New York 19 27 .413 3% 4-6 L-1 11-13 8-14 12-17
Philadelphia 14 32 .304 8% 4-6 L-1 7-11 7-21 10-17
Boston 12 31 .279 9 0-10 L-11 4-17 8-14 8-20
CENTRAL = «WOOL Pet. GB’ 110 Str. Home Away Conf
Detroit 25 17 «595 = - S55 We 12-9: 13-8—:17-9
Chicago 26 19 .578 % 6-4 W-3 20-6 6-13 20-8
Cleveland 25 19 .568 1 3-7 L-1 15-6 10-13 16-12
Indiana 23 21 .523,. 3 5-5 L-1 13-7 10-14 18-13
Milwaukee 18 26 409 8 2-8 W-1 10-8 8-18 8-16
WESTERN CONFERENCE
| SOUTHWEST WL Pet. GB L10 Str. Home Away Conf
' Dallas 36 9 800 - 9-1 W-1 20-3 16-6 24-6
~ San Antonio 32 14 .696 4% 7-3 W-2 16-8 16-6 21-9
Houston 28 16 .636 7% 7-3 W-3 15-5 13-11 15-14
New Orleans 19 25 .43216% 7-3 W-3 13-10 6-15 10-17
Memphis 12 34 .26124% 3-7 W-1 9-14 3-20 6-21
NORTHWEST WL Pct. GB L10 Str. Home Away Conf
Utah 29 17 6630 - 5-5 L-2 16-6 13-11 18-10
Denver 22 20 524 5 5-5 L-3 12-12 10-8 9-12
| Minnesota 22,22 +500 6 4-6 W-2 13-8 9-14 13-14
- Portland 19 27 .413' 10 5-5 L-1 11-12) 8-15 12-15
_ Seattle 17 27~=«~«.386 «11 064-6) «6-1 «13-11 «4-16 7-17
| PACIFIC
_ Phoenix
L.A. Lakers 27
L.A. Clippers 22 22 .50013% 7-3 W-1 16-8 6-14 14-17
Golden State 21 23 .47714% 46 W-2 17-8 4-15 13-15
Sacramento 17 26 )=«©«.395 18 3-7 L-3 12-11 5-15 8-18
RESULTS AND SCHEDULES
_ Monday’s results Tonight’s games Sunday’s results
i Atlanta 93, Orlando 83 Bos. at Ind., 7 Pho. 115, Cle. 100
: Memphis 124, Sac. 117 Det. at Was., 7 _ Mil. 107, NY 105
i Minn. 121, Phoenix 112 G.S. at:Cle., 7 S.A. 96, LAL 94, OT
N.O. 103, Portland 91 Mil. at Mia., 7:30 Was. 105, Bos. 91
Houston 105, Phil. 84 LAL. at N.Y., 7:30 Det. 95, Ind. 87 .
Sea. at Dal., 8:30 L.A.C. 98, Sea. 76

i Char. 105, Denver 101
/ > NJ. 116, Utah 115

NT.) ee



Peter Schaefer in Game 2.

Center Tim

}

Connolly skated hard on Mon-
day for the first time since sus-
taining a concussion in last
season’s'second-round playoff
series against Ottawa.
Connolly has been plagued
by post-concussion symptoms
since being leveled in the neu-
tral zone by Senators forward

He skated by himself before
the Sabres practiced on Mon-
day, but Connolly still is sev-
eral weeks away from a return
to the lineup.

“He’s doing good and prog-
ressing,” coach Lindy Ruff
said. “It’s encouraging. He
could be symptom-free based
on him skating today.”

Ruff didn’t give a specific
timetable for when Connolly.
may return, but estimated he
could be back within 6-to-8
weeks.

Through Sunday
SCORING REBOUNDING

G FG FT PTS AVG G OFF DEF
Anthony, Den. 26 306 192 818 31.5 Garnett, Minn. 42 106 418
Arenas, Wash. 43 405 326 1266 29.4 Camby, Den. 36 95 350
Iverson, Den. 33 319 282 951 28.8 Howard, Orl. 44 150 392
Bryant, LAL 41 386 328 1165 28.4 Boozer, Utah 45 142 389
Wade, Mia. 37 348 337 1051 284 Okafor, Char. 43 171 319
Redd, Mil. 33 302 244 914 27.7 Chandler, NOk. - 41 153 302
James, Clev. 43 421 268 1169 27.2 Lee, N.Y. 46 167 330
Allen, Sea. 34 305 180 887 26.1 Duncan, S.A. 46 136 352
Nowitzki, Dall. 44 377 316 1113 25.3. O'Neal, Ind. 39 94 312
Carter, NJ. 44 392 235 1104 25.1 Randolph, Port. 44 131 321

FIELD GOALS ASSISTS

FG FGA PCT G

Biedrins, G.S. 194 311 .624 Nash, Phoe. 42

olees Ny. 204 334 .611 Williams, Utah 45

“Stotidemire, Phoe. 299. 493,.606* . Paul, NOk. 27

SCurtys.N.Y. os 326 555 .587 _ Kidd, NJ. 44

“ Dalembert; Phil. 196 342°.573 ~~ Miller, Phil. 43

Boozer, Utah 410 721 .569 Davis, G.S. 39

Bogut, Mil. 231 410 .563 Wade, Mia. 37

Howard, Orl. 264 469 .563 Ford, Tor. 38

Brand, LAC 359 638 .563 Billups, Det. 34

Gasol, Mem. 165 296 .557 Iverson, Den. - 33

» 412

TOT AVG

524 12.5
445 12.4
542 12.3
531-11.8
490 11.4
455 11.1
497 10.8
488 10.6
406 10.4
452 10.3

AST
496

AVG

11.8

9.2
242 “9.0
394
376
336
291
294
263
248

SYN NN & 90 10
nNNbwbays

Rangers beat up on Bruins



GETTY IMAGES

POWER RANGERS: Petr Prucha, right, celebrates one of his
two goals with Matt Cullen, leading the Rangers to a
6-1 victory over the Bruins on Monday night in Boston.

Sabres defenseman Henrik
Tallinder is expected to return
to the lineup when Buffalo
hosts Boston tonight.
Tallinder has missed 11
games because of an ankle
injury.
e Kings-Flames trade:
The Los Angeles Kings traded
center Craig Conroy to the
Calgary Flames for center
Jamie Lundmark, a fourth-
round pick in this year’s NHL
Entry Draft and a second-
round selection in the 2008
draft.

LATE SUNDAY

e Canucks 3, Sharks 1:
Taylor Pyatt scored on a
power play midway through
the second period and set up
Daniel Sedin’s winning goal
two minutes later as host Van-
couver rallied to beat San Jose.


| TUESDAY, JANUARY 30, 2007 INTERNATIONAL EDITION SUPER BOWL POSTER | MiamiHerald.com | THE MIAMI HERALD

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PAGE 8E, TUESDAY, JANUARY 30, 2007 TRIBUNE SPORTS

Venus Williams
to play in

the Fed Cup
against Belgium

@ TENNIS
DELRAY BEACH,
Fla.
Associated Press

VENUS WILLIAMS
will play in the Fed Cup
against Belgium.

U.S. Fed Cup captain
Zina Garrison said Mon-
day that Williams, who
missed the Australian
Open with a left wrist
injury, has committed to
play in the first round on
April 21-22 at the Delray
Beach Stadium & Tennis
Center.

Williams is scheduled
to return to competition
for the Diamond Games
on Feb. 12-18.in
Antwerp, Belgium, the
U.S. Tennis Association
announced Monday.

“Venus is really look-
ing forward to playing
Fed Cup this year,” Gar-
rison said during a tele-
conference call. “Venus
contacted me around the
end of November and
said she was really inter-
ested in playing. She’s
excited about trying to
bring the Cup back to
the U.S.”

Williams has a 13-3
Fed Cup record and
helped the United States
win the title over Russia



in her Fed Cup debut in : Poe Fe
1999. The U.S. has won ~ } ENGLAND Jonny Wilkinson, centre, reacts during a training session at Twickenham Stadium in London, Tuesday, Jan. 23, 2007 ahead of next weekend's opening
the Fed Cup 17 times, ; 6 Nations clash with Scotland. \ is

but not since 2000. (AP Photo/Sang Tan)

Garrison said she’d
like to lure Serena ;
Williams, who won her

=== — Wilkinson to play first test for

“T have been in talks ;
with Jill Smoller, Sere- ; :
na’s agent, and been tex-

===. England in more than three years

lot of edge since it’s close
to her home.”



_ The Williams sisters : [RUGBY Andrew said. "After havinga Tee
live in nearby Palm i TWICKENHAM, England long chat with Jonny he was ‘ :
Beach Gardens, Fla., : Associated Press convinced it was the right —
about a half-hour drive i thing to do. I am sure it will be
from the Delray Beach : FLYHALF Jonny Wilkin- a massive morale boost for
facility. g - | son was named to England's everyone, not just in the team
Garrison, who said : rugby lineup for the first time ~ but around the country."
Venus Williams is prac- ! since the 2003 World Cup on —_— Toby Flood, who has only
ticing full-time, will - | | Monday, against Scotland'in two England caps, will be
announce the rest ofher : their Six Nations opener this Wilkinson's backup in the
roster later. She men- + weekend. reserves.
tioned young players : Since he kicked the World World Cup winner Mike
Vania King and Ashley : Cup-winning drop goalin the — Tindall was at outside center
Harkleroad as possibili- : final against Australia, Wilkin- for his 50th cap, and former
ties, along with doubles : son's string of injuries have captain Martin Corry at No.

specialist Lisa Raymond.

: forced him to miss 30 tests for _ 8. Phil Vickery will lead out
In the 2005 first round,

England and the captaincy in England at tighthead prop.



Venus Williams, Serena =: __ ate 2004, There are 11 changes from
Williams (who did not : He'll be joined at Twicken-_ England's last match, a 25-14.
play), Lindsay Daven- : ham on Saturday by former loss to South Africa on Nov.
port and Corina Morariu {Britain rugby league captain 25 — England's eighth loss in
beat ayoung, unheralded =; Andy Farrell, who will debut nine tests, which cost Robin-
Belgium team 5-0 atthe | for England at inside center son the coaching job.
same Delray Beach facil- | nearly two years after agree- No. 8 Dan Ward-Smith was*
Hy: . : « ing to switch codes. expected to make the 22-man
Garrison expects Kim ; Winger Jason Robinson, team, but he dislocated his
Clijsters, who will retire ! who. became captain in right knee playing for Bristol
after this season, to be on : Wilkinson's absence, will at the weekend and was likely
the Belgium team. : appear for the first time since _ to miss the whole tournament.
“When we playedhere {he retired from international. Hooker Steve Thompson was
before, I had the best : rugby in 2005. ruled out on Monday with a
team you could ever : Tt will be Brian Ashton's _ neck injury that requires eight
think about having,” : first test as coach of England — weeks rest.
Garrison said. “I think i after he replaced Andy "This is a massive disap-
this time around we’ll Robinson in December. pointment for Steve," Ashton
have the opportunity to "Tt is well documented that © said.
play against Clijsters : JT have been an admirer of Scotland, which hasn't won
since this isto be her last; Andy's career for a number at Twickenham since 1983,
time to play Fed Cup. I : of years and I'm looking for- names its team on Tuesday.
think Justine (Henin) is a : ward to seeing him play rugby
wait-and-see until its : union for his country," Ashton @ ENGLAND: Iain Bal-
closer to April.” : said. "I'm also pleased that shaw, Josh Lewsey, Mike Tin-

-Jason Robinson has decided dall, Andy Farrell, Jason
to return from international Robinson, Jonny Wilkinson,
retirement, and that Jonny Harry Ellis; Perry Freshwater,
Wilkinson has‘returned to fit- George Chuter, Phil Vickery
ness after his recent injury and —_ (captain), Louis Deacon, Dan-
that both are available for the ny Grewcock,‘Joe Worsley,
Scotland game." Magnus Lund, Martin Corry.

Following the 2003 World Replacements: Lee Mears,
Cup, Wilkinson suffered neck, Julian White, Tom Palmer,
shoulder, arm, knee, appen- Lewis Moody, Peter Richards,
dix, and groin injuries. He Toby Flood, Mathew Tait.
played for the British and Irish
Lions against Argentina and
New Zealand in 2005, but his
availability was cut short by a
shoulder injury. He ended a @ ENGLAND'S kicking
12-week layoff with a lacerat- machine Jonny Wilkinson lays
ed kidney on Saturday, when — the boot onto another con-
he played 50 minutes for New- verted penalty during the

5 ORL PEOP Pee castle. Rugby World Cup semi final
making news in their Enolish elit tay diréet aoainet Fi in Sv

bobbourhoods: Perhavs nglish elite rugby director against France in Sydney,
nee i) P Rob Andrew said Wilkinson Australia in this Sunday Nov.
you are raising funds fora | jinched his selection for his 16, 2003 file photo. Wilkinson
good cause, campaigning 53rd England cap, replacing _ has been selected to play for
for improvements in the an injured Charlie Hodgson, England this weekend in their
area or have won an on his form at training last opening Six Nations match
award, week. | this weekend: his first test in
If so, call us on 322-1986 "He was flying in training. more than three years.
and share your story. That's what convinced Brian," (AP Photo/Mark Baker)

! The Tribune wants to hear


PAGE 6, TUESDAY, JANUARY 30, 2007

THE TRIBUNE





Hidden danger of large-scale
Family Island investment

Bixce where there has
been a robust and func-

tioning system of local government,
historical experience gives little cause
for optimism over the prospect of
high and sudden levels of investment
in underdeveloped places.

The oil-rich Niger Delta region
of Nigeria is a case in point. From the
moment that the first pipe went into
the ground in 1955, the river delta
region has been a magnet of eco-
nomic activity, drawing the world’s
biggest oil giants and producing
more oil revenues than Kuwait,
Libya or Venezuela.

Today, literally billions of dollars
of foreign investment has trans-
formed the delta into a vast network
of ultra-modern technology. Nearly
(60 separate oilfields are supported

PERSPECTIVES

ANDREW ALLEN

by an estimated 4,500 miles of

_ pipeline.

Tragically, though maybe pre-
dictably, all of this has translated
into very little in terms of tangible
benefits to either the people of the
river delta or the Nigerian state as a
whole. Aside from funding a pow-
erful culture of venality and corrup-
tion among local elites, it has
enriched companies like Shell and
Total, but left the local towns and
villages as backward as they were in
1955 — except now they have a raging
insurgency.



Qe also carry a te
oils. feddies and adult novelties




Why? Perhaps this is a better
question: when the oil companies
came to Nigeria and settled in the
malarial swamps, who did they have
to deal with?

When they left Nigeria, the British
left behind no local government insti-
tutions more advanced than the local
chiefs, who, though now vested with
official authority akin to a magis-
trate, remain essentially rulers in the
most traditional, pre-modern sense.

No local structure existed for tax-
ation or regulation of massive-scale
business. Nor, crucially, did conven-



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tions (or even concepts) governing
the separation of public funds from
the chief’s private treasury. It was
as if 20th century corporations were
transported back to pre-Norman
England and began signing explo-
ration treaties with Saxon warlords.

Today, those tribal chiefs that are
not now living abroad (usually in
London) swerve ‘around the pot-
holed roads in ridiculously fancy
European luxury cars. The garbage,
meanwhile, swelters uncollected on
the ‘streets and: public health and
education range from non-existent to
rudimentary.

In The Bahamas today, it is hard
not to be impressed by the raw data
of incoming investment. As the
prime minister rightly pointed out
recently, the projects announced to
date probably represent the largest
per capita level of foreign direct
investment for any independent
country in the history of the world.

Yet again, as elsewhere, dangers
of unhealthy development abound.
At the last Business Outlook con-
ference, the president of Exuma’s
chamber of commerce took the
opportunity to question the wisdom
of the “anchor project” policy, citing
the failure of that island’s infra-
structure and supporting business
structure to gracefully handle so
large and sudden an investment.

It seems that, notwithstanding the
many job opportunities, the per-
ceived difficulties of life in the “Out
Islands” has dissuaded many Nas-
sauvians from relocating and per-
forming the entrepreneurial func-
tions without which the islands will
never be more than ‘transplant’
economies, like offshore oil rigs.

As always in The Bahamas, the
tension implicit in this failing con-
cerns the prospect that, like oil rigs,
out island economies that fail to
develop locally in line with the large
investments in their midst, will come







eR ENR Silla
GRC LE a
Pest Control
Tropical Exterminators
322-2157 1

' ViBe; and





The main objectives of this consultation are to:
a) inform the public and licensees that BTC’s VoIP service is func-
tionally and commercially substitutable for conventional
switched voice services and falls within the definition of Voice
Telephony and is price regulated as set out in BTC’s Licence;
b) indicate the Commission’s proposal for the price regulation of

to require large-scale importation of
foreign workers. From there, the
step to becoming virtually self-suffi-
cient foreign enclaves appended by
local ghettoes (like early Freeport
and Eight Mile Rock) is not a long
one.

Ultimately, it is the lack of any
robust local government regime
(with revenue collecting and discre-
tionary powers) that virtually ensures
that, no matter how much economic
activity they host, Family Islands will
retain a patron/client relationship
with Nassau politicians. This will also
continue to make them relatively
unattractive business places for any
ambitious, serious-minded Bahami-
ans: ;
Exumians, who will be the imme-
diate beneficiaries (or otherwise) of
the investment proposed for their
island, will nonetheless have no real
say in the policies that govern it. As
for their communities’ share of the
revenues generated by the new activ-
ities, this will come not as a locally
determined tax structure, but as a
gift from smiling, camera-happy
politicians from Nassau.

‘GOVERNMENT’ WITHOUT
REVENUE INDEPENDENCE
IS A NONSENSE

Ore to the emotive and
slightly mythological con-
text in which the subject is invari-
ably presented, few people living in
representative democracies proba-
bly take the time to consider the
actual origin of the model.

In fact, the original motivation for
convening a parliament at all had

nothing to do with altruism or public-

spiritedness, and everything to do
with the early Norman kings’ need to
finance their desired reconquest of
their ancestral continental land-
holdings.

Their reliance upon feudal lords
to collect revenues from the various
counties of England necessitated the
regular convening of such nobles,
who consequently came to exercise
relative coercive power over the
Crown. A king may have a fine title
and fancy outfit, but without money
to finance his army and court, he
could deploy no power.

PUBLIC CONSULTATION.

Price Regulation of Voice over Internet Protocol (VoIP)
Provided by The Bahamas Telecommunications Company Ltd.

Branded as ViBe

. The Public Utilities Commission (Commission) is pleased to invite
comments from the public and licensees on its consultation
document on Price Regulation of Voice over Internet Protocol (VoIP)

provided by The Bahamas Telecommunications Company Ltd.

(BTC) branded as ViBe.

Cc) invite comments from the public and licensees.

Section 6(5) of the Telecommunications Act, 1999, requires the
Commission to publish its proposals on any general instruction
intended to be issued under any part of the Act.

Copies of this document can be obtained from the PUC’s office
located Fourth Terrace East, Collins Avenue or downloaded from the
PUC’s website at www.pucbahamas.gov.bs. Written comments
should be submitted by February 2, 2007, via post, hand delivery,
facsimile or e-mail to:

Mr. Barrett Russell

Executive Director, Public Utilities Commission
P. 0. Box N4860, Fourth Terrace East, Collins Avenue

Nassau, The Bahamas

Fax: (242)323-7288

Email: info@puchahamas.gov.bs

Since then, every historical
improvement in the representative
nature of the British parliament
(King John’s compromise at Run-
nymede, the Civil War, the Glori-
ous Revolution) has involved par-
liamentarians’ assertion of a principle
that was later echoed by the Amer-
ican patriots in Massachusetts: con-
trol of the money and political
power are inseparable
phenomena.

The public control of public mon-
ey is what makes democracy work

and thrive, rather than the empty «

act of voting.

And so, what we have in the Fam-
ily Islands today is more a form of
‘representative agency’ than gov-
ernment.

Locals are given the vote, but their
representatives then have to rely
upon central government patrons
for handouts. Nothing gets done
except through the efforts and sanc-
tion of some distant entity.

Sadly, this creates a very tangible
sense of apathy among out islanders
toward their surrounding infrastruc-
ture and environment.

Unable to independently order
their lives and interests, their local
‘governance’ has in most places been
reduced to petty and highly politi-
cised bickering contests.

If you walk around Harbour
Island (as tiny and easy-to-organise
a place that could possibly exist) the
various things in need of attention
are so obvious that they justify
harassing the locals about. As a quar-
ter descendant of Briland, this
columnist never misses an opportu-
nity to do so.

Potholes that any local with an
hour to spare could easily repair are
left for months, while overgrown lots

_ seem to be regarded as natural

garbage-cans. Yet invariably the
response of locals to these eyesores
is to regard them as someone else’s
problem (though it is not clear
whose).

Just as progressive degrees of ado-
lescent independence prepare an
individual for adulthood, so Family
Island communities need real self-
governing responsibility if they are
ever to gracefully absorb the kinds of
investments soon to be unleashed
upon them.




































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6 | TUESDAY, JANUARY 30, 2007.

INTERNATIONAL EDITION |



SUPER BOWL GAMBLING



MiamiHerald.com | THE 1E MIAMI HERALD



~~ ROBERT COHN AND ZACH FOLZENLOGEN/MIAMI HERALD. STAFF. ILLUSTRATION



Miami has the on-field action. but the real action -
betting - is in Las Vegas

BY JEFF DARLINGTON
jdarlington@MiamiHerald.com

LAS VEGAS — He reaches for his new set of
specs, just another indication that Kenny
White’s eyes spend way too much time staring
at these dizzying digits.

“I just started wearing glasses three or four
days ago,” said White, the CEO of Las Vegas
Sports Consultants. “My eyes are shot oom, all
these numbers.”

White digs through a stack of papers within
this organized mess he calls his desk. He’s in
search ofthis team power ratings, which he
develops through statistical analysis to help
him devise the betting lines for nearly every
national sporting event.

Two unsuspecting tutorials surface near the
pile as he searches: there’s a book titled Sports
Betting 10] and a cassette tape called How to be
a Winning Sports Bettor. Indeed, it is an odd
sight, like finding sheet music for Chopsticks
near Mozart’s piano.

White knows numbers. He knows them bet-
ter than bettors, which is why 90 percent of the
sports books in Las Vegas consult him before
they accept a single wager. White also knows
this: Only one number matters more than all of
the rest.

It’s the Super Bow] betting line. And it’s
Indianapolis by seven.

“Absolutely,” said White, who devised the
line with a group of oddsmakers in this office
after last week’s conference championship
games. “It’s extremely important.

“It’s the most important line of the year, sim-
ply because of the volume that will be wagered
on this game.”

That, of course, is the reason White has all of
these binders full of depth charts and injury
reports and statistics. It’s why he still immerses
himself in nearly every book written about
sports betting.

A blunt reminder of his job’s significance
can be found simply by looking out one of the
windows in this unsuspecting office building.

On the other side of the airport runway,

about a mile from this dark corner of the glit-
tery city, is the Las Vegas Strip. By the time
Sunday’s game kicks off, more than $80 million
will have been wagered on the Super Bow] at
the casinos on The Strip.

“It’s almost like a national holiday,” said
Chris Andrews, who runs Leroy’s Race &
Sports Book inside the same building as the Las
Vegas Sports Consultants. “A lot of people gear
their vacation around coming out here for the
Super Bowl.”

Even as online overseas gambling sites have
surged in recent years, the amount of money
wagered on the Super Bowl has continued to
increase. Each of the past two Super Bowls has
broken the previous record for the amount of
money wagered on the big game, White said.
Along with his staff, White plays a major role in
who ends up with the loot.

But for now, on this particular Thursday in
mid-January, there isn’t much sports action
within any of those casinos. At the MGM
Grand, the area where sports bets are placed
(called the sports book) isn’t bustling as it will
be this weekend.

Only a few of the 85 seats are filled, and
guests have the option to watch 49 TV screens.
On this afternoon, there are 15 sports events
being shown.

On Sunday, however, there only will be one:
the Super Bowl. Every sports book in town will
be packed with people tuning into that same
money-pulling game.

“It’s just a mass of people,” said Robert
Walker, the director of the sports book at the
Mirage. “It will be wall-to-wall, people sitting
on the floors in the front. And it’s like that at
every book in town. It’s like those two minutes
of the Kentucky Derby. That’s how the whole
first quarter of the Super Bowl is. It’s crazy.”

‘RULE OF 10’

Walker, like White, also faces some serious
stress when it comes to the betting line on
Super Bowl Sunday. Most of Walker’s worries
begin to build on the actual day of the game,

unlike White, who faces his tough tasks weeks
before when he sets the line.

Walker, whose sports book at the Mirage
actually serves as the hub for the sports books
at Mandalay Bay, the Bellagio and MGM Grand,
will watch as weeks of hype culminate within
those casinos. That’s when his “rule of 10” kicks
into gear.

“Everybody bets 10 times as much as they
normally do,” Walker said.

And in some cases, those bets can creep
excessively high. In 2002, Walker accepted the
highest bet ever taken inside a Las Vegas sports
book wagered on a Super Bowl. The wager of
$4.6 million, which first had to be approved by
Bellagio president Bill McBeath, was for the St.
Louis Rams to beat the New England Patriots
with the money line.

“The Patriots won outright, thank God,”
Walker said. “Otherwise, you’d be talking to
somebody different right now.”

Still, even when considering the significance
and magnitude of the bet, Walker said the
Super Bowl has an intriguing way of bringing
people from all different classes of society
together.

Whether the bettor is making big wagers or
small, the goal is the same: to win.

“That’s the one thing about that game that’s
unique,” Walker said. “You might have a guy
that bet $100 sitting next to a guy that bet
$50,000 or more, and they’re still cheering the
same way. The camaraderie is unique between
those two people who have the same bet, no
matter how much they put down.”

In Miami, the score of the game will dictate
the winners and losers. In Las Vegas, however,
it will be the outcome of the spread that dic-
tates the mood of many. So, unless the Colts
win by more than seven points, it won’t matter
whether they hoist the Vince Lombardi Tro-
phy.

_ Ifthe Colts fail to beat the spread, they still
would be Las Vegas’ biggest losers this week-
end — which is precisely what makes oddsmak-
ers like White so important.

“Ideally, if seven is the number, we would
open at seven and stay there [rather than mov-
ing the line because too many bettors are pick-
ing one side],” Andrews said. “That would be
great. We also want the game to end nowhere
near the number so we don’t have to refund
anybody. That would be fantastic.”

IT’S UNPREDICTABLE

Problem is, it doesn’t always work out that
way. Over the years, oddsmakers and sports
books have faced their share of devastating
days — few as terrible for the industry as the
1979 Super Bowl.

Although White is quick to note he wasn’t
around for this one, the line for the Super Bowl
matchup between the Steelers and the Cow-
boys was initially set at 3/2 with the Steelers as
the favorites. But because of lopsided betting,
the line moved to 414 by the day of the game.

The final score? The Steelers won by four
points, 35-31.

“That was one of the biggest nightmares this
state has seen,” White said. “Because if the
number lands in the middle like that, you end
up paying both sides.”

Under his watch, though, White said the Las
Vegas Sports Consultants has provided a line
that has yielded winning results for casinos —
and losing results for the fans — each year.

So pick your team, and decide what you will
about White’s decision to give the Colts a sev-
en-point edge.

You also might want to keep in mind this
one little piece of advice from Bears defensive
end Alex Brown about that ever-important Las
Vegas line:

“Those people in Vegas don’t play football.”

That’s true. White’s profession involves
something far different. In the end, however,
Brown and White are after the same goal: They
both want to win.

“Crunching numbers,” White said. “That’s
all it is. I'll be in here all day long, just con-
stantly trying to make sure we're picking the
perfect number.”

RS SSS


om Lhe Tribune sz...

Pm fovin’ it. |

72F | ;

«| Che MiamiHerald

SEVERAL HOURS |
OF SUNSHINE | BAHAMAS EDITION

LNG project gains
two-year extension

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TUESDAY, JANUARY 30, 2007












Ess




Sea Hauler tragedy
victims threaten
‘serious action’

BEON HILL MP Ered Mitchell
prepares te address the crowd during
last night's PLP branch meeting.
(Phote: Ana Bianca Marin) ae

x

VICTIMS of the Sea Hauler
tragedy are threatening “seri-
ous action” today if the gov-
ernment fails to produce their
medical files, which have appar-
ently gone missing.

Spokesman Lincoln Bain said
onlv.two files had been found
by’ the Princess Margaret Hos-
pital, even though more than
25 people were treated for seri-
ous injuries after the incident.

Mr Bain alleged that the
“missing files” amounted to
another stalling tactic aie
to thwart compensation claims
by the victims.

“However, we are telling the
government now that they need
to clean up Central Police Sta-
tion to get ready for us because
we are going to be residing
there,” he added.

Those badly injured when the
Sea Hauler was in coilision with
another mailboat while bound
for the Cat Island regatta three
years ago have repeatedly

sought compensation from the .

government, which has admit-
ted contributory liability.

However, so far they have
been unsuccessful, and say they
are suffering enormous hard-
ship brought on by their
injuries.

One man was crippled when
a rusting crane fell on to the Sea
Hauler’s deck, crushing his
spine. Another man lost his leg

when it was sliced off by falling:

equipment. Four people died in
the incident.



Mr Bain told The Tribune:
“There is no reason why peo-
ple’s medical records should go
missing from the hospital.
Everyone who came off that
boat went to A and E (Acci-
dent and Emergency) at PMH.

“One of the victims used to
work at the hospital, and he said
it took only five minutes to get
people’s files. Someone at the
hospital told us that they (offi-
cials) removed the files some
time back.”

“I can assure you we are
going to war with the govern-
ment over this. We are giving
them until tomorrow to find
these files. If they don’t we are
going to take serious action.”

The victims met Cabinet min-
ister Glenys Hanna-Martin
some weeks ago to state their
case. At the time, she said the
government was admitting lia-
bility and would address their
claims.

The idea was to bring both
boat owners to the table so that
the government didn’t have to
carry the entire financial bur-
den.

“That was in December,” said
Mr Bain, “Glenys Hanna-Mar-
tin said she would get the files,
which the victims themselves
were having trouble accessing.
This is ridiculous.

“Mrs Hanna-Martin ipke to
me yesterday and said there was
still no word as to where the

SEE page 11



























@ By PAULG
TURNQUEST
Tribune Staff

Reporter



FOX Hill has jalways
been and will abways
remain PLP, according to
the area’s MP Fred
Mitchell — despite the
opposition’s assertions to
the contrary.

Mr Mitchell was speak-
ing at a PLP branch meet-
ing in Fox Hill last night to
which he was accompanied

‘ by many of his Cabinet col-
leagues.

He also had some fiery
words for his FNM oppo-
nent Dr Jacinta Higgs —
who campaigned with him
in 2002.

Mr Mitchell proclaimed
that the FNM was defeated























Buyany large pizza with 2or more.
toppings & Get a medium
ls “Homa a va ee



























then, and will be defeated
again in 2007.

“We won this seat by
over 1,000 votes in 2002.
There is no evidence save
newspaper propaganda of
a shift in this constituency
and in the country,” he
said.

“They cannot do it. We
are aware of all of the intel-
ligence information that
the FNM has at its disposal;
what advice they are get-

attack is. Jt is all about
smear, hollering scam and
corruption and then they

ting and what their plan of

SEE page nine -



‘Chaim that s some

of Bahamas could

be submerged by
the year 2030.

i By KARIN HERIG

Tribune Staff Reporter

SOME islands of the Bahamas
could be submerged by the year
2030 if projections about the
effects of global warming prove to
be true.

This is one of the predictions
that could be made next week
when some 500 scientists release
a new all-encompassing report on
global warming.

Yesterday the Minister for }

Environment of Indonesia — a
country which could lose about
2,000 islands from climate change
— spoke out on the global warm-
ing phenomenon stating that at
least his country is better off than
the Bahamas.

tion. Island countries like Saint
Lucia, Fiji and the Bahamas
would likely disappear,” Indone-

sian Minister Rachmet Witoelar !

told Reuters.

SEE page nine

Resident speaks

out over govt
home ‘ordeal’

| HBy BRENT DEAN

: A FRUSTRATED resident :
: of Pride Estates has spoken to }
: The Tribune about the ordeal :
: she has endured in an attempt :
: to move into her low-cost gov- :
: ernment home. i
: Mrs Faye McKenzie was exas- }
: perated as she took The Tribune :
: ona tour of her still unfinished :
: home, after the government offi- :
: cially opened the development :
: on September 11, 2006 — nearly :
: four months ago. :
: The home is filled with evi- :
: dence of poor workmanship. }
: Wall tiles are uneven, the wood :
: used in the home seems old and :
: putty has been used to cover :
: cracks and defects all over the :

house. However, these defects,

- ee ans : . : though numerous, are small in :
We are still in a better posi- : * ; mo
: comparison to the effects of a :

: flood that raged through her }

home.

: The flood occurred when the :
: Water was turned on in the area. :

SEE page 11










Contractor: any
ministry staff suspected
of corruption
should be suspended

& By ALISON LOWE
Tribune Staff Reporter

IF ANY staff at the Ministry
of Housing are suspected of cor-
ruption they should be suspended
pending the completion of the
police investigation into the mat-
ter, a contractor said yesterday.

While police prepare to issue a
progress report on their investi-
gation into allegations of corrup-
tion within the ministry, the con-
tractor has come forward to claim
that certain staff members within
the ministry should be suspended,
or clse contractors may not be
willing to come forward with
information.

He claimed that he has alrgady
been intimidated by a certain
member of the ministry, who has
contacted him to ask "what I told
the police about him." He sus-
pects other contractors have also
been contacted.

The contractor is keen to see
that justice prevails in the inves-
tigation. He said he is going to

SEE page nine







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PAGE 2B, TUESDAY, JANUARY 30, 2007

THE TRIBUNE





Middle class fracturing |
may hit economic growth

iz Pulliam, a weekly
columnist on
MSN.com, posted an

article last week entitled Mid-
dle Class Crunch: Who’s to
blame? That story immediately
caught my attention because |
have always felt that the
strength of countries such as
the Bahamas lies in the fact
they have a vibrant, growing
middle class. Unlike much of
Latin America and continen-
tal Africa, where the absence of
a middle class has resulted in an
unstable social and political
environment, the Bahamas has,
for the most part, been a coun-
try where good education and
good work ethics took you far.

What is middle class?

The sub-title to the article
was the following statement:
“You’re not imagining it: It’s
harder than ever to get into the
middle class and stay there.”
According to the US Census
Bureau, a household income of
$36,000 to $57,657 in 2005 was
considered to be middle class in
the US. Bearing in mind that
the cost of living in the
Bahamas is much higher than
in the US, how many Bahami-
ans would be considered as
middle class using the US yard-
stick?

Crunching the numbers

According to the latest data
(2004) posted on the Depart-
ment of Statistics website, there
were 18,880 households in the
Bahamas with a combined
household income between
B$40,000 and B$60,000 per
annum. This same report indi-



cated that there were a total of

99,865 households in the
Bahamas. Doing the math,
about 19 per cent of Bahamian
households would be consid-
ered middle class by US stan-
dards. Thus the amount of
households in the Bahamas
considered middle class or
above is about 40 per cent.

If similar economic bands are
applied to the Bahamian defi-
nition of middle class, this
means that some 60 per cent
of the population lives below
a middle class standard. It
would be very interesting to
know to what degree the 40 per
cent of Bahamian households
with an income in excess of
$40,000 per year is skewed by
expatriate workers, who gen-
erally earn much more than
their Bahamian counterparts.
I pose this question simply
because if 60 per cent of house-
holds have an income below
$40,000, and the overall nation-
al average household income
is $39,626 (again a middle class
level), there must be significant
salaries at the top end influ-
encing the overall average.
While the international agen-
cies always categorise the
Bahamas as a well-off country,
the true economic status of the
average Bahamian citizen, in
general, is overstated.

Is a middle-class life
out of reach?

For many Bahamians, a mid-
dle class life may be out of
reach. Pulliam’s article identi-
fies some of those who may not
be able to reach middle class
status. She says: “And then
there are those for whom the

CONSOLIDATED BALANCE SHEET

(Expressed in Bahamian $000) (unaudited) — October 31, January 31,
2006 2006
(restated)
Assets
Current Assets
Cash and bank balances $ 704 443
Receivables, net of provisions - - 287 673
Merchandise inventories, net of provisions 5,684 5,667
Other current assets 892 800
Insurance proceeds receivable - 85
Properties identified for sale 8,816 12,491
Net assets of discontinuing operations 990 ' 2,886
17,373 23,045
Capital Assets
Property and buildings 2,859 2,899
Equipment 2,657 2,974
Leasehold improvements 1,960 2,157
7,416 ; 8,030
Investments 2,500
Goodwill 4,110 4,110
; $ 31,459 35,185
Liabilities and Shareholders’ Equity
Current liabilities
Bank overdraft $ 3,869 587
Accounts payable and accrued expenses 6,483 6,740
Current portion of bank loans 1,972 2,604
Current portion of preference shares 2,000 2,000
14,324 11,931
Long-term liabilities
Bank loans 4,595 7,142
Preference shares 5,900 5,900
10,495 ~—~~«*1:;,042
Shareholders’ equity
Ordinary shares 7,946 7,946
Capital paid in excess of par 2,908 2,908
Property revaluation surplus 697 697
Accumulated deficit 4,911 1,339
6,640 10,212
$ 31,459 35,185

CONSOLIDATED STATEMENT OF OPERATIONS

(B$000) (unaudited)

Sales

October 31, 2006

3 months ended
October 31, 2005
(restated)

3 months ended

$ 18,267 17,241

Cost of sales (13,011) (12,473)
ross profit 5,256 4,768

Selling, general and administration
Other income
Net operating loss

Interest expense

Dividends on preference shares

Net loss from continuing operations

Net loss from discontinuing operations

Re ss for the period
Loss ger share

ee oe

(5,566) (5,287)
76 46
(234) (473)
(168) (201)
200 200
(602) (874)
(151) (374)



Abaco Markets

Ltd. P.O. Box SS-6322

Financial
Focus |

| . ; By Larry Gibson




bar (middle class status) will
remain too high. When I talk
about most people being able
to attain middle-class status, I
have to carve out some excep-
tions. For example:

“People not blessed with
good, or at least decent, physi-
cal and mental health. It's hard
to achieve much if you can't
work. Illness, disability, addic-
tion, depression and other
afflictions can stop your eco-
nomic progress in its tracks.

“People who wait too long
to start saving. If you hit your
50s, have never saved a dime
and get bucked off the eco-
nomic horse - by a layoff, ill-
ness, disability, whatever - your
chances of being able to recov-
er sufficiently may be dim.

“People who can't or won't
change. The alterations you
need to make might be small,
such as eating out less so you
can put more into savings or
your pension fund. Or the
adjustments might be big, such
as moving to another area or
heading back to school to
update your skills. Folks who
are willing to consider their
options, and then act, are going
to be better off than those who
insist it's the world that needs
to change, not them.”

One of the biggest problems
preventing Bahamians from
‘moving up the economic lad-
der’ is the lack of separation
between ‘genuine needs’ and



ABACOMARKETS -

‘wants’. If you take a cursory
look around Bahamian society,
you will be bombarded with
examples of persons whose
ratio of, say, car payments to
total income, rent payments to
total income, clothing expenses
to total income, etcetera, is
totally out of proportion to pru-
dent standards.

In addition to the above, Pul-
liam also cited four additional
impediments to economic
advancement which are quoted
below:

1. “There are fewer good
jobs for those who don't have
college educations. A decline ,
in manufacturing, waning union
power and increased globali-
aation mean it's tougher than
ever to get into the middle class
without a college education.
But globaliaation and out-
sourcing are sniping away at
white-collar jobs as well, and a
fast-evolving economy mean
few can be content to end their
educations after four years.

2. “The price tag for educa-
tion is rising, Education was,
and still is, the ticket to a more
affluent life. Education is even
more vital today, but the cost of
a college education has sky-
rocketed and financial aid has-
n't kept up, even as the com-
parative worth of a degree has
shrunk. Loans have replaced
grants as the primary source of
financial aid, and too many stu-
dents graduate with crippling
debt.

3. “Health care and health
insurance costs are soaring. We
(the US) have 47 million unin-
sured, and health care costs eat

LIMITED
ah












CONSOLIDATED STATEMENT OF OPERATIONS

(B$000) (unaudited) 9 months ended 9 months ended
October 31, 2006 October 31, 2005

(restated)

Sales $ 54,063 50,100
Cost of sales — (38,292 35,717

ross profit 15,77 43

Selling, general and administration (15,985) (15,396)
Other income 145 208
Net operating loss (69) (805)
Interest expense . (467) (711)
Dividends on preference shares (601) (601)
Insurance proceeds - 3,003
Net (loss)/profit from continuing operations (1,137) 886
Net loss from discontinuing operations (935) (1,299)
Restructuring charge (1,500) (625)
Net loss for the period $ (3,572 (1,038)
Loss per share ($0.225) ($0.065)

CONSOLIDATED STATEMENT

(83000) (unaudited)
No. 0 (Accumulated Share Contibuted Revaluation otal
. Delicit/ Capital
Retained
~ Eamings

(restated)

Shares,



OF. SHAREHOLDERS’ EQUITY

Surplus Surplus



January 31, 2006 15,892 $ (1,339) 7,946 2,908 697 10,212
Net loss for period g (3,572) - : (3,572)
October 31, 2006 15,892 4,914 7,946 2,908 697 6,640
January 31, 2005 15,892 7,946 2,908 660 11,514
Net loss for period 1,038 z 2 1,038)
October 31, 2005 15,892 $___ (1,038) 7,946 “2,908 660 10,476


















bega

tured our pre

previous agreement.

continued. support during this process.
; See |

~ R, Craig Symonette, CEO & Chatirnan

January 30, 2007. :



$1,027m, or. 6%, compared to the same perlod of the previous year for our conti
increase-(n the’ group's net margin. despite Inflationary: pressures: which we are te
lees along Mu area al ty operational costs to, mi
peal 0

Q “a ~ strategy.
inating $260k of monthly bank paymen also leased back s
ycate our on GR Freepat club store to help rebuild our market In: Gi
Company restructured our preference shares in late December, 2006, with shares now classitie
~ Class:B. The Class B shareholders, who after.the restructuring account for 60% of the issue
extend the maturity date of thelr shares by 3 years, at an interest-rate of 8.5% for the exten
allow for the repayment of the $7.9m debt over a 6 year period Instead of a 4-year period as

Certainly, we continue to face challenges and are very much focused on our core markets to: Improve: our
operations, control our costs and, most Importantly Improve our Cues execs OF Cae CE.
products at a real avery day value, We are steadily regaining the market share lost in the past and rebullding the.
confidence our customers have In our storas.. While there Is still much work to be done, the sustained Improvement.
we are seeing in our operations indicates that we are heading in the right direction a

- Town Centre Mall, 2nd level, Blue Hill Road -




‘the late 19
le also. lea


















Improve

nd we thank you for: your

Nassau, The Bahamas Tel: 242.325.2122

a big chunk out of the budgets
of many who do have cover-
age.

-4, “Lenders don't care who
can afford to borrow. Lenders
were simply more conservative
before the advent of credit
scoring and securitisation (the
process in which most loans are
bundled up and sold to
investors). As lenders discov-
ered more ways to manage risk,
their willingness to extend cred-
it soared, especially in the past
15 years.”

. The preponderance of new
credit extended in the Bahamas
tends to be for consumer items,
which has no long-term wealth
building attributes attached to
it.

Land and Housing Costs _

If you were to examine the
balance sheet for most Bahami-
ans, you will see that a large
proportion. of their net worth
is represented by real
estate...usually their home.
However, home ownership is
becoming too expensive for the
average Bahamian. J] remem-
ber when the Government built
‘low cost’ housing to sell to
Bahamians. Now, with the last
lot of Government built-hous-
es being sold in excess of
$140,000, the name has subtly
changed to ‘affordable’ hous-
ing.

An unintended effect of all
the ‘anchor projects’ proposed
is that land costs are soaring as
a result of these anticipated
developments. Try buying a lot
today in Exuma, Abaco,
Eleuthera or Cat Island. Lots in

CONSOLIDATED STATEMENT OF CASH FLOWS

(B$000) (unaudited) 9 months ended $9 months ended
October 31, 2006 October 31, 2005
(restated)
Cash flows from operations
Net (loss) for the period $ (3,572) (1,038)
Adjustments for:
Depreciation and amortisation of franchise fees 2,045 2,661
Dividends on preference shares 601 601
Decrease in insurance proceeds receivable 85 1,212
Restructuring and impairment reserve 1,500 625
Loss on disposal of capital assets 206 54
(Decrease) in inventory provision (494) (380)
Increase/(decrease) in provision for doubtful debts _53 233
Operating cash flow before changes in working capital 424 3,502
Working capital source/(use)
Merchandising inventories 1,579 615
Accounts receivable 326 727
Other current assets (147) 643
Accounts payable and accrued expenses 2,269 639
Net cash (used in)/provided by operating activities (87) 6,126
Investing activities source/(use)
Additions to capital assets (940) (1,543)
Investments (2,500) -
Proceeds from sale of assets - 73
Proceeds from disposals of capital assets 4,015 -
Net cash provided by/(used in) investing activities 575 (1,470)
Financing activities source/(use)
Repayment of bank loans (5,680) (3,501)
New bank loans 2,500 -
Dividends paid on preference shares 533 533
Net cash used in financing activities 3,713 4,034
(Decrease)/increase in cash $ (3,225) 622
Cash, beginning of period 153 (374) -
Cash, end of period (3,072) 248
Change for period $ (3,225) 622



1, ACCOUNTING POLICIES

These interim financial statements have been
prepared in accordance with International
Financial Reporting Standards using the same
accounting policies and methods of computa-
tion as the Consolidated Financial Statements
included in the 2005 Annual Report.

The consolidated financial statements include
the accounts of Abaco Markets Limited (“the
Company") and its significant wholly owned
subsidiaries: AML Foods (Nassau) Limited,
Solomon's Club (Freeport) Limited, Cost Right
Limited, Thompson Wholesale Limited and
Caribbean Franchise Holdings Limited,

2, DISCONTINUING OPERATIONS

On May 6, 2006, the Board of Directors
resolved to divest the Abaco and Turks opera-
tions as well as its Cedar Street property in
Freeport, as a part of a divestment strategy.
Accordingly, the income and net assets/labili-
tles are classified as discontinuing operations
in these Interim financial statements.








On June 30, 2006, the sale of Solomon's
Abaco for $3.75m plus inventory was com-
pleted. $3.5m of net proceeds received were
used to repay bank debt. On July 31, 2006,
the sale of Solomon's Treasure Cay for $323k
was completed.

Cash and cash equivalents comprise cash less bank overdrafts,

EXPLANATORY NOTES TO CONSOLIDATED INTERIM FINANCIAL STATEMENTS
‘ Nine months ended October 31, 2006

southwestern New Providence
routinely start around $60,000.
It was not long ago when
$60,000 got you several acres
of land in that area.

Conclusion

Before, there was an almost
automatic ‘rite of passage’ to
the middle class for the average
Bahamian. Today, I would
argue that the middle class is
becoming fractured, with some
moving to ‘upper middle class’
and others being shoved out of
this category altogether - result-
ing in a shrinking of the core
middle class group.

A shrinking middle class has
numerous socio-economic
implications for any economy,
A vibrant economy needs a
vibrant middle class if it is to
achieve sustainable long-term
economic growth,

Until next week...

NB: Larry R. Gibson, a
Chartered Financial Analyst, ©
is vice-president - pensions,
Colonial Pensions Services
(Bahamas), a wholly-owned
subsidiary of Colonial Group
International, which owns
Atlantic Medical Insurance and

is a major shareholder of Secu-

rity & General Insurance Com-
pany in the Bahamas.

The views expressed are
those of the author and do not
necessarily represent those of
Colonial Group Internation-
al or any of its subsidiary
and/or affiliated companies,
Please direct any questions or
comments to rlgibson@atlanti-
chouse.com.bs

































3. RESTRUCTURING CHARGE

The restructuring ‘charge represents an
estimate of the costs incurred in disposal of
the assets identified in Note 2, The costs
include stamp tax and other selling fees, pro-
vision for redundancies and provision for
capital losses.

4, PRIOR YEAR ADJUSTMENT

During the second quarter, the Company
identified an accounting error in its 2005
financial statements from an understatement
of accounts payable in its Nassau operations,
A review was performed which resutted in the
restatement of the net loss for the year ended
Januaty 31, 2006 from the previously
reported $302k to $1.3m.

5, SUBSEQUENT EVENTS

On December 13, 2006 the Company com-
pleted the sale of its Cedar Street property in
Freeport for $4.2m. The Company also
entered into a ten-year lease arrangement for
the property and intends to relocate Cost Right
Freeport business to the location,









































On December 31, 2006 the Company agreed
a restructuring of its preference debt whereby
47% of the total debt outstanding agreed to
extend the maturity date by three years at the
rate of 8.5% for extension years.












4B_ | TUESDAY, JANUARY 30, 2007

HOUSING

INTERNATIONALEDITION

MiamiHerald.com | THE MIAMI HERALD



States cracking | down on foreclosure fraud

BY JOSH FUNK
Associated Press

OMAHA, Neb. — After
Ivan Eicher lost his job, he and
his wife Delores fell several
months behind on their house
payments. Facing foreclosure,
they accepted an offer from a
company that promised to
help them keep the home
where they’d lived for more
than 20 years.

Without realizing what
they were doing, the couple
ended up surrendering owner-
ship of their home.

“It was just a really nice
song and dance,” Delores
Eicher said.

' The Eichers are among the
thousands of people who fall
each year for offers that prom-
ise to help them avoid foreclo-
sure but that leave them with
none of the equity they had
built.up in their property.
Their situation matches one of
the three common models of
foreclosure fraud the National
Consumer Law Center has
described in a report on the
growing problem.

The number of foreclosures
reported nationwide soared 42
percent in 2006 to 1.26 million,
according to RealtyTrac, an
Irvine, Calif.-based company
that tracks foreclosures. That
creates opportunities for more

foreclosure fraud, although
the exact number of cases is
difficult to determine because
they are generally lumped in
with other. kinds of fraud in
crime reports.

The Eichers thought they
were taking out a $1,700 loan
to help them pay the roughly
$4,700 in back payments they
owed on their mortgage. They

‘learned too late they had

signed their house over to
Mid-America Financial Invest-
ment and agreed to lease their
home from Mid-America
when they accepted that loan.
Although the couple no lon-
ger owned their home, the
mortgage remained in their
names, so they made their $554
payments on the loan through
Mid-America, along with
monthly fees of at least $100.

POPULAR SCHEME

Elizabeth Renuart, a staff
attorney at the National Con-

sumer Law Center who co-

authored the report on fore-
closure fraud, said such
schemes are popular in areas
of the country where home
values have soared, but any
homeowner who has been
paying a mortgage for many
years will have significant
equity and can be a target.

A second scheme described

INVESTMENT SERVICES

Merrill Lynch to buy

° MERRILL

into cash and stock. The offer
represents a 43.6 percent pre-
mium to First Republic’s Fri-
day closing price on the New
York Stock Exchange.

SHARES RISE, DIP

Shares of First Republic
rose $15.29, or 40 percent, to
$53.59 in morning trading on
the
Exchange. Merrill shares
dipped 95 cents to $93.58 in
the NYSE.

Merrill Lynch, which
earned $5.12 billion in 2005,
said it would repurchase on
the open market the number
of shares issued to complete
the deal. Merrill expects the
acquisition to add modestly to
earnings by the end of 2008.

First Republic has 43

BRITAIN

° STRIKE

made alternative arrange- -

ments. Last week, it offered
passengers a refund, the
opportunity to rebook for a
later date or a transfer to
another carrier if flights were
available.

WAGE INCREASE

Under the deal agreed on
with the union Monday, cabin
crew will receive a two-year
wage increase worth 4.6 per-

BANKS

° CITIGROUP

Global Consumer Group -
International, said that Citi
hoped to capitalize on Egg’s
reputation for a consumer-
friendly website and strong
brand recognition.

He said that Egg’s strength
has been its “ability to deal
with online customers in a
way that makes them happy
and sells them other products
as Ww ”

Citi, he said, can bring its
expertise to improve Egg’s
less-than-impressive lending
record and to provide new
products, including checking
accounts and investments
such as mutual funds.

At the same time, Banga
said, Citi could apply what it
learns from the Egg model to
its Internet operations in
other countries.

“I would like to take to as
many places as I can whatever
I can learn from them,” he
said.

New York | Stock.

First Republic Bank

offices located in key metro-
politan markets across the
United States, including Sili-

con Valley, Los Angeles, Las

Vegas, Portland, Ore., Seattle,
Boston, Greenwich, Conn.,
and New York City.

' The company has $7.9 bil-
lion in deposits and $7.6 bil-
lion in outstanding loans. Net
income after paying preferred
dividends totaled $46.3 mil-
lion for the nine months.

CEO, COO WILL STAY

Jim.Herbert and Katherine
August-deWilde will continue
as chairman and CEO and
president and COO, respec-

tively. Current directors will |

serve as the division’s advi-
sory board, which will con-
tinue to be led by the bank’s
current chairman, Roger Wal-
ther.

cent this year and the rate of
inflation in the second year.

The carrier also agreed to
remove a pay ceiling on cabin
crew who joined the company
after 1997, increasing the basic
wage from $30,865 to $38,058
when the 4.6 percent rise is
added.

Both sides also agreed to
new standards on sick leave,
which include taking ‘into
account good attendance and
other factors.

The union had been

The transaction, which is
worth 575 million British
pounds, will probably boost
earnings in the first year, Citi-
group said in a statement.

Egg was founded in 1998,
and it currently has more than
3 million customers. Its prod-
ucts and services include
online bill paying, credit
cards, personal loans, savings
accounts, mortgages and
insurance.

Citigroup’s British con-
sumer. business now serves
more than 1 million custom-
ers, primarily in the wealth
management and near prime
lending markets, and offers
current, savings, and foreign
currency accounts, credit
cards, investments, offshore
banking, personal loans, and
mortgages.

FIVE RETAIL BANKS

Citi currently has just five
retail bank branches and 100
consumer finance branches in
Britain. Banga said that the







NATI HARNIK/AP

COLD TRICK: Delores, left, and lvan Eicher unknowlingly
signed their house in Omaha, Neb., over to Mid-America
Financial Investment and agreed to lease it when they
accepted a loan after the threat of foreclosure.

in the report involves consul-
tants charging high fees to

help homeowners out of trou-,

ble but never delivering the
promised services. A third
involves an agreement where
a homeowner knowingly signs
over their home and agrees to
buy it back over time, but the
terms of the agreement make
it nearly impossible for the
homeowner to succeed.

The Eichers became part of
a lawsuit against Mid-America

in 2001. They eventually won
the title to their home back
after the Nebraska Supreme
Court ruled in 2005 that Mid-
America had defrauded them
and 12 other homeowners.
Scott Bloemer and. Elaina
Hollingshead, who run Mid-
America, did not respond to
The Associated Press’
requests for comment. Bloe-
mer and Hollingshead
defended their business prac-

.tices in court and argued that





unhappy about a new sick
leave policy introduced 18
months ago that tightened the
time allowed off, to counter
an average of 22 sick days a
year taken by its staff. The
new policy dropped that to 12,
which remains higher than
the British average of seven
days.

‘VERY DIFFICULT’

Union spokesman Tony
Woodley said the negotia-
tions had been “very difficult

increased online customer
base that comes with Egg
means “you'll see me building
a few more branches there.”
Prudential said the sale
will enhance its earnings per

share this year and the pro-.

ceeds will be used to redtice
net debt.

Prudential also said it jas
reached a preliminary agree-
ment with Citigroup on pro-
viding life and pensions prod-
ucts to Egg’s customer base
for a five-year period.

“The sale of Egg to Citi-
group realizes greater value
for our shareholders than
retaining the business within
the group,” Prudential Chief
Executive Mark Tucker said
in a statement. “Citigroup is
the largest credit card issuer
in the world and sees enor-
mous opportunities to
develop Egg’s business in the
U.K.”

Prudential is not affiliated
with Prudential Financial of
Newark, NJ.

the paperwork the Eichers and
others signed spelled out what
was involved in the deals. But
the courts ruled that Bloemer’s
and Hollingshead’s testimony
wasn’t credible.

CAN BE COMPLICATED

Renuart said foreclosure
rescue agreements can be dif-
ficult to decipher — even for
an attorney.

“It’s hard to make heads or
tails of these agreements,” she
said.

That’s one reason why at
least eight states have adopted
laws designed to help protect
consumers from the question-
able practices some foreclo-
sure consultants use. Nebras-
ka’s Legislature is considering
adopting such legislation this
year.

The laws vary, but gener-
ally all require the terms of
these agreements to be spelled
out in writing and offer home-
owners a chance to cancel the
agreements within a few days
of signing them.

For most of 2006, Colorado
was the state with the highest
residential foreclosure rate in
the nation, according to Real-
tyTrac. Colorado had one new
foreclosure filing for every 376
households in December.

The Eichers and a dozen



MICROSOFT

other homeowners who sued
said they never had a chance
to read the Mid-America loan
documents before signing
them because Bloemer and
Hollingshead rushed them
through the process.

One of the other people
who successfully sued Mid-
America, Steven Starman, said
he realizes now he should
have read the documents care-
fully instead of relying on oral
explanations.

“I made decisions based on
what I was told,” Starman said.
“They tell you what you want
to hear.”

Renuart and groups that
track foreclosures worry that
many more Americans could
fall victim to fraud because the
number of adjustable-rate and
interest-only mortgages taken
out in recent years will likely
contribute to a jump in the
number of foreclosures when
loan payments adjust upward.

RealtyTrac said 109,652
homes across the nation
entered some stage of foreclo-
sure in December, a nearly 9
percent drop from the previ-
ous month, but an increase of
35 percent from December
2005. The company reported a
national foreclosure rate of
one new foreclosure filing for
every 1,055 U.S. households.

Vista set to be
sold in stores

°VISTA

of Windows — which runs
more than 90 percent of the
world’s PCs — only came
today.

-Vista retails for $100 to
$400, depending on the ver-

{. sion and whether the user is



. JEFF CHIU/AP
GOOD DEAL: Buying First Republic Bank will allow Merrill
Lynch to tap into $10.7 billion of assets held by First

’ Republic, which provides several investment services.

British Airways averts costly strike

. We have had to try to
solve a multitude of problems
that have built up over a long
period of time,” he said.

BA Chief Executive Willie
Walsh said he was “very satis-
fied that the agreement is fair
and represents a solid founda-
tion for working together.
This is an outcome for the
future and I am really
pleased.”

BA shares closed 2.8 per-
cent higher at $10.62 on the
London Stock Exchange.

Citigroup to purchase Egg online bank

Shares in Prudential rose
1.6 percent to $13.98 on the
London Stock Exchange.

Citigroup shares slipped 67
cents, or 1.2 percent, to $54 in
afternoon trading on the
NYSE. Citigroup’s purchase
of Egg comes as online banks
are boosting interest rates to
attract deposits from people
who are getting year-end
bonuses or expect tax
refunds.

RAISING RATE

HSBC Bank USA said Sun-
day it was raising the interest
rate of its online savings
account to 6 percent — top-
ping its competitors. United-
Bank of Miami Lakes, Fla.,
offers a 5.35 percent annual
percentage yield, while Citi-
bank Direct is at 5 percent.

Egg pays 5.25 percent inter-

_ est on its online savings, said

a spokeswoman. ING offers
an annual equivalent rate of
4.75 percent in Britain,
according to its website.

Fe.

upgrading from Windows XP.

The Redmond, Wash.-
based software maker con-
tends that Vista is such a huge
improvement over previous
computing platforms that
users inevitably say “Wow”
when they see it.

Gates ticked off some
examples, such as how Vista
presents a slick 3-D graphical
user interface and document
icons that give at-a-glance
previews. Gates said the next
wow comes when people start
using a system-wide search
program that Microsoft’s
engineers built into both the
operating system and new
versions of Office.

DYNAMICS CHANGING

Vista comes as changing
dynamics of computing —
notably the rise of open-
source software and Web-
based services that replicate
what traditionally could be
done only on a desktop com-

puter — are threatening
Microsoft’s dominance in the
industry.

But Gates contended that
the operating system has a
higher profile than ever
before, as the PC has morphed
from a souped-up typewriter
to a networked entertainment
center, personal media library
and gateway to the Internet.

“When people think about
their PC, they think about
Windows even more than
who the manufacturer is. That
determines how it looks, how
you navigate, what the appli-
cations are that are available,”
Gates told The Associated
Press. And in this case, Vista
has folded in programs that
users once bought separately
— including automated
backup systems and some
spyware protections.

Microsoft built Vista so
that different layers could be
upgraded separately, so it’s
possible that this is the last
massive, all-in-one update for
Windows. No matter how
Microsoft chooses to roll out
Vista’s successor, Ballmer

said there’s still work to be
done.

“There’s so many areas in
which we need innovation.
Developers need a richer plat-
form if we’re going to get
speech, voice, natural lan-
guage, and more rich 3-D-type
graphics into the user inter-
face,” Ballmer said. Plus, the
technologies around the PC
— chips, storage, high-defini-
tion DVD will all evolve, he
said. “The operating system
will need to evolve with
them.”

“Frankly, we’ve got a very
long list of stuff our engineers
want to do, a long list of stuff
that the companies here want
us to do,” he said.

Over the weekend, Dell
started taking orders for PCs
with Vista. Kevin Rollins,
Dell’s chief executive, said the
company’s website saw a 20
percent jump in traffic, with
“tens of thousands of copies”
of Vista sold for delivery
today or later.

In Tokyo, about 80 people
lined up Monday night at the
Bic Camera Department Store
to become among the world’s
first consumers to own Vista.
Celebrities and executives
were on hand as a large-
screen TV displayed a count-
down to the midnight launch.

The second person in line,
Fumihiko Koyama, 33, waited
three hours and was hoping
the new operating system will
make his work in Web design
easier.

HIGH HOPES

“My expectations are very
high for Vista,” he said. “I
want to try it out because it’s
new.”

For a morning store cele-
bration today, DSG Interna-
tional PLC’s flagship PC
World store in central Lon-
don hired costumed charac-
ters, including Sherlock
Holmes for security and a
movie star for multimedia.

PC World spokesman
Hamish Thompson said some
retailers are banking on Vista
to push customers toward the
higher-end machines needed
to run Vista — which imposes
such hardware requirements
as 1 gigabyte of system mem-
ory, or RAM.

Microsoft shares fell 7
cents to close at $30.53 on the



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THE TRIBUNE

@ By CARA BRENNEN-BFHEL
_ Tribune Business Rep/‘ter

A CRITICAL shortag Of skilled
and qualified tradesmen: leading to
the mass importation of *reign work-
ers and escalating conguction cost,
the president of the Rhamas Con-
tractors Association (KA) said yes-
terday.

Terrance Knowle;added that in
addition to skilled trdesmen, not just
labourers, there was particular short-
age of foremen, suervisors, estima-
tors and project maagers. ;

He said this shctage, right in the
middle of the constuction boom gen-
erated by foreigy direct investment
anchor projects, ad the domestic real
estate and mortage markets, meant

that increasingl, Bahamian building.

companies were forced to hire hun-
dreds of workers from abroad to meet
the demand.

Mr Knowles explained that in order
to address the situation, two approach-
es had to be used - short-term solu-
tions and long-term solutions.

“ The Government has launched,
with Kerzner International and Baha
Mar, an apprentice programme, which
allows people to take part in an accel-
erated training programme on the job,”
the BCA head said.

Mr Knowles added that while this
meets immediate needs, something
needed to be done to ensure that in
the long-term, the Bahamas has highly
skilled persons who have had the eight
to 10 years of specialised training nec-
essary to take over supervisory and
foreman jobs.

He said Bahamians are interested in
becoming trained and gaining experi-
ence in these professions, and while
he credited the Bahamas Technical
and Vocational School (BTVJ) for all
its efforts, he added that it was hin-
dered by lack of funding, teachers and
resources to address demand.

There also appeaed to be a lack of
commitment to providing these
resources. ,

Mr Knowles said the large-scale
importation of workers was cause for
concern. “There is a fear that that once
these workers come in, they will get
jobs and not leave. That is something
that happened during the 1990s, a num-
ber.of them didn’t leave,” he said.

The other issue, Mr Knowles said, is
that with these foreign workers there is
not the transfer of knowledge.

TUESDAY, JANUARY 30, 2007, PAGE 5B

i iii ie ea
Skilled ‘abour shortage hits construction sector

As things stand now, he said that
once the supervisors, project managers,
estimators get to a certain point in their
careers, there are no mechanisms in
place to ensure they get the training
they need to take over the top posi-

. tions.

While the onus can be placed on
contractors to put apprenticeships in
place, he said it would be a very expen-
sive process.

Mr Knowles said the BCA was still
pushing for a Local Preference Act,
which would level the playing field
with foreign contractors. For more than
a year research has been done to deter-
mine the feasibility of such an Act.

.Mr Knowles had previously said the
amendments to the Business License
Act had attempted to address this, with
foreign contractors now required to



pay 1 per cent of the value of each con-
tract they obtain to the Government.

However, the BCA sees a Local
Preference Act, similar to legislation in
force in Dade County, Broward Coun-
try and Palm Beach County in Florida,
as critical to enabling them to com-
pete on more level terms.

Mr Knowles said that at the moment,
the Act is “still out there”, although
he is not sure what form it will take. He
added that the responsibility has to be
on the workers to ensure they have
the skills to be entitled to the prefer-
ence.

Pressure on wages as a result of
labour shortages in the construction
industry was increasing, Mr Knowles
said, adding that to attract people with
so many companies hiring, many per-
sons are being overpaid.



FROM page 1B

historical ties to that area which need to
be developed, particularly due to St Augus-
tine,” Mr Corrish said.

Noting the potential for an increased
demand for airlift from the Jacksonville
area and its surrounding counties, Mr Cor-
nish said the Abaco Office was working in
conjunction with the Ministry’s airlift divi-
sion to determine the possibility of direct
flights between Abaco and Jacksonville.

Mr Cornish said this could have enor-
mous potential, given that Jacksonville is
one of the fastest growing cities in terms
of land development, and has a very. large
second home market.

On the trip, Mr Cornish was accompanied
by Doranell Swain, also from his office;
George Wilmore, a Bahamian businessman
‘and sports fisherman; and Revis Rolle, a
Bahamian government official.

. For four days the delegation toured St
Augustine and Jacksonville, meeting busi-

Abaco moves to erred
_ ties to Jacksonville

ness owners and representatives from the
Jacksonville and the Beaches Convention
and Visitors Bureau. According to Jack-
sonville’s Financial News and Daily Record,
John Reyes, president of the CVB, said the
meetings went well and the groundwork
for a future relationship has been estab-
lished.

Group

“The group from the Abacos let ts know _

that Jacksonville is one of their top markets.
There is an opportunity for the reople in
the Abacos to come to Jacksonville. We
can do general cross-marke‘ing promo-
tions,” hé said.

“There is a possibility the “VBs and the
Abacos’ Web sites can be us¢d to cross pro-
mote each destination.

“They promote themse/ves as a family-
oriented and nature-baseddestination, and
so is Jacksonville,” said Mr Reyes.

“Jacksonville seems p be a city going

through a population explosion. That says
to us there are a myriad of opportunities
and potential. We have noticed in the North
Florida area the shopping is even better
than in the Abacos. There are great oppor-
tunities for reciprocity.”

“We are currently going through a boom
in our economy, too,” Mr Rolle added.
“Last year, we had a 5.7 per cent growth
rate in our economy. The analysts are pre-
dicting 6.5 per cent and 6.7 per cent over the
next two years. That is phenomenal.

“As a result, we have a construction
industry that is exploding. We definitely
need building materials, and we feel this
area can help us.”

Mr Rolle said he and Mr Cornish were
working with the Jacksonville Sister Cities
division to establish an official Sister Cities
relationship between Jacksonville and
Marsh Harbour.

“We are looking to bring not only tourists
to our shores, but investors as well,” he
said.

LNG proj ect gains two-year extension



IBM Bahamas Limited

NOTICE

IBM Bahamas Limited will be closed from |
12 noon on Wednesday, January 31,

2007, and will reopen at 8:30a.m.° on
Thursday, February 1, 2007.

We apologize for any inconvenience this
may cause.
please call

For emergency _ services

(242) 323-1500.



FROM page 1B

be approved, given the state’s
power demand.

AES has been waiting
patiently for five years - having
spént- some $65 million
between June 2001 and Feb-
ruary 2006 to keep the project
alive - for a decision from the
Prime Minister and his Cabi-
net. .

A Heads of Agreement has
been drafted, and is only await-
ing a final government sign-
off. Yet the Prime Minister has
proceeded at a cautious pace
on LNG, concerned over

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PROFILE:

* Bachelors Degre in Finance

° STEP Qualifica‘on

* 10 years experince in advising clients on fiduciary services and developing
appropriate leal structures

* Superior orgaization, communication, interpersonal and computer skills

whether it fits in with th
Bahamas’ tourism image, ami
a lobbying campaign agaist
the project by environmenal-
ists.

He is also concerned alout
whether the Bahamas ha the
resources and expertise to
monitor and enforce arenvl-
ronmental manageme? plan
for Ocean Cay, here the
drafting of regulation before
the project is approvd. _

Yet the BahamasEnviron-
ment, Science and /echnolo-
gy Commission (BEST)
approved AES's Bvironmen-
tal Impact Assessnent (EIA)
backin 2003. ~ |

Leslie Miller minister of

agriculture and fisheries, has
previously said the Bahamas
could earn $1.2 billion in rev-
enue over the lifetime of the
AES project.

When completed, the pro-
ject promises to create perma-
nent jobs that could be filled
by Bahamians with engineer-
ing and science-related degrees
and qualifications. Such skilled
workers have relatively few
opportunities in the current
economy, and the AES pro-
ject would give much-needed
diversification.

The major benefits from the
AES Ocean Express project
are likely to come from rev-
enues paid by the company to

2am

RESPON/IBILITIES INCLUDE:

° Client Reltionship Management

° Investmet of client funds

* Monthlymanagement reports ©

* Quarteyy reports to clients

* Businés development and marketing activities
* Accont opening formalities

. Invecing & booking fees

° Estte Planning

° Adninistration of Trusts

° Poduction of trust deeds, letter of wishes & testamentary trusts

FIDELITY BA\K (BAHAMAS) LIMITED

A MEMBER OF HE FIDELITY GROUP OF COMPANIES

invites qualified :pplicants for the following position:

| MANAGER - |
Private Bankirg & Wealth Management Services

The applicant must hve the following minimum qualifications:

the Public Treasury. Apart
from annual business licence
fees and sums paid to lease the
sea bed and land on Ocean
Cay, AES Ocean Express
would also pay a throughput
fee linked to the Henry Hub
natural gas index.

When the price of LNG
pumped to Florida by AES
exceeds the Henry Hub index,

‘ the Government would gaina

percentage of the additional
revenues. The Tribune under-
stands that last in 2005, this
would have generated an extra
$40-$50 million for the Gov-
ernment.

Such money, although
unbudgeted, could be used to
defray the costs of unantici-
pated spending in other areas,
such as BEC's fuel imports.

(SHIRLEY & CHURCH S
: AS



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4E TUESDAY, JANUARY 30, 2007

SOCCER

INTERNATIONAL EDITION

MiamiHerald.com | THE MIAMI HERALD

SOCCER | COLLEGE BASKETBALL | ETC.

No Ronaldo deal yet for Milan

From Miami Herald Wire Services

Real Madrid and AC Milan
didn’t agree on a transfer of
Brazilian striker Ronaldo to
the Italian club during a meet-
ing at Madrid’s Santiago Ber-
nabeu stadium on Monday.

Milan vice president Adri-
ano Galliani met with Madrid
president Ramon Calderon
for more than three hours but
could not agree on the price —
$9 million — and the means of
payment for the 30-year-old
Ronaldo’s move, Galliani told
reporters as he was leaving the
Bernabeu. :

Galliani, who traveled to
Madrid to handle the case in
person, added that negotia-
tions will continue today.

ELSEWHERE

e England: Manchester
United, Chelsea and Arsenal
were kept apart in the fifth
round of the FA Cup.

Manchester United, the
record 1l-time FA Cup cham-
pion seeking its first trophy in
the competition since 2004,
was drawn Monday to play
Reading at Old Trafford.

It’s the third consecutive
round that United will face a
Premier League club. It has
already eliminated Aston Villa
and Portsmouth.

Chelsea drew a non-Pre-

SPORTS ROUNDUP



DANIEL OCHOA DE OLZA/AP
HOLDING PATTERN: AC Milan
has made an undisclosed
offer for Ronaldo, above.

mier League side for its home
match, playing the winner of
the Feb. 13 fourth-round replay
between Blackpool and
League Championship team
Norwich. At seventh in
League One, Blackpool is the
lowest-ranked club left in the
competition.

The Blues have already
beaten League Two team Mac-
clesfield and League One club
Nottingham Forest since
entering the competition in
the third round.

The winner of the Arsenal-
Bolton replay will host Black-
burn. Arsenal rallied to draw

1-1 with Bolton in the fourth’

Pitt outlasts
Villanova;
Butler rolls

From Miami Herald Wire Services

Levance Fields scored 20
points and Aaron Gray had 14
points and 10 rebounds, lead-
ing No. 7 Pittsburgh over Vil-
lanova 65-59 on Monday night
in Philadelphia.

Antonio Graves had 13
points, including a clutch
3-pointer in the closing min-
utes, to help the Panthers
(20-3, 8-1 Big East) win for the
10th time in ll games. Pitt set a
school record by reaching the
20-victory mark for the sixth
consecutive season.

Curtis Sumpter scored 21
points for Villanova (14-7, 3-5).
The Wildcats were seeking
their third victory over a
ranked opponent this month.

... Pete Campbell scored
17 points, Mike Green added
16, and No. 13 Butler (20-2, 8-1
Horizon League) avenged one
of its two losses this season
with a 71-45 rout of visiting
Illinois-Chicago (9-14, 4-5).

e@ New AP poll: For Indi-
ana and Southern California, it
was a short stay in the AP Top
25. Stanford and Vanderbilt
will try to hang around longer
now that they’ve cracked the
rankings for the first time this
season.

No. 23 Stanford and 24th-
ranked Vanderbilt entered
The Associated Press college
basketball poll and have
become surprising contenders
in their leagues.

Meanwhile, the Hoosiers
and Trojans dropped out of
the media poll a week after
they made their season debuts.
Both lost their first games as
ranked teams. ;

Florida and Wisconsin are
Nos. 1] and 2 for a third consec-
utive week, but the rest of the
top five got a slight makeover
— which has become a weekly
occurrence.

Heading into Sunday night,
it looked like the top five
teams in the AP poll would be
unchanged for the first time
this season. But UCLA
couldn’t hold a halftime lead
and its 75-68 loss at Stanford
dropped the Bruins two spots
to fifth. No. 3 North Carolina
and No. 4 Ohio State each
moved up one spot.

Defending national cham-

pion Florida received 45 first-.

place votes out of a possible
72. Wisconsin, 21-1 for the first

time in school history,
received 24 first-place votes
and North Carolina got three
first-place votes. Completing
the top 10 were No. 6 Kansas,
followed by Pittsburgh, Duke,
Oregon and Texas A&M,

Moving back into the rank-
ings was Texas, which fell out
of the Top 25 last week for the
second time this season. The
22nd-ranked Longhorns
snapped a two-game losing
streak by beating Nebraska on
the road last week and fol-
lowed it up with a home vic-
tory over Baylor.

No. 11 Memphis starts the
second 10 in the rankings, fol-
lowed by Oklahoma State, But-
ler, Marquette and Nevada.
No. 16 Virginia Tech, two
weeks after moving into the
poll for the first time in more

‘than a decade, moved up eight

spots after beating Miami and
Georgia Tech last week.

Air Force, Washington
State, Alabama, which
dropped seven spots to No. 19
after losing twice last week,
and Arizona round out the top

20. Arizona dropped three:

spots after a 92-64 loss to
North Carolina, the most lop-
sided home defeat for the
Wildcats under coach Lute
Olson.

Notre Dame starts the final
five, followed by Texas, Stan-
ford, Vanderbilt and Clemson,
which fell six spots after losing
twice.

e Elsewhere: Duke for-
ward David McClure is
doubtful for the 10th-ranked
Blue Devils’ game against Vir-
ginia with a knee injury, coach
Mike Krzyzewski said.
McClure hyperextended his
left knee after a collision in the
second half of Duke’s 75-61
victory against Boston College
on Sunday. An MRI after the
game showed no structural
damage to the knee. It was the
same knee that was hurt in
2005 and kept McClure side-
lined for the entire 2005-06
season. ... Tennessee junior
Chris Lofton tried running on
his right ankle for the first
time since his injury, and
coach Bruce Pearl said he
will make a game-time deci-
sion Wednesday on whether
the Southeastern Conference’s
leading scorer plays against
Georgia.

round on Sunday, with the
replay set for Feb. 14 at Reebok
Stadium. West Bromwich
Albion will play at either
League One club Bristol City
or Middlesbrough. The fourth-
round replay is set for Feb. 13

~ at Middlesbrough.

Fulham hosts London rival

‘Tottenham in the only other

all-Premier League match. In
other matches, it will be: Wat-
ford vs. Ipswich; Preston vs.
Manchester City; and Plym-
outh vs. Derby. The fifth
round is set for Feb. 17-18.

Chelsea has reached the
final-of the League Cup, Eng-
lish soccer’s second-tier club
knockout competition, and
will face either Arsenal or Tot-
tenham for the trophy. ...

A grandmother who sued a
newspaper over claims that
soccer star Wayne Rooney
paid her for sex had her libel
case thrown out of court.

Patricia Tierney, a 52-
year-old grandmother of 16,
denied the claim published in
The Sun newspaper in August
2004 that she was a sex
worker at a Liverpool massage
parlor allegedly used by the
Manchester United striker.

e Czech Republic: Chel-
sea goalkeeper Petr Cech
returned Monday to the Czech
Republic squad for a friendly

ETC.

e Baseball: Roger Clem-
ens was on the mound in
Astros gear Monday, still
undecided about whether he'll
pitch for Houston or any other
major league team this season.
The 44-year-old right-hander
threw almost an hour of bat-
ting practice during the club’s
pitching and hitting camp at
Minute Maid Park... . Slugger
Barry Bonds and the San
Francisco Giants finalized a
one-year contract, a baseball
official said.... Sammy Sosa
and the Texas Rangers
wrapped up weeks of negotia-
tions and agreed to a minor-
league contract that was to be
announced today. ... The Col-
orado Rockies announced that
trade talks with the Boston
Red Sox about a possible deal
that would have sent slugger
Todd Helton to Boston have
ended and “there will be no
further discussions.” ... Red
Sox star pitcher Curt Schil-
ling said he will not retire at
the end of the 2007 season as
previously indicated and plans
to pitch in 2008. ... Nolan
Ryan was at Houston Astros
pitching camp and said he was
feeling well after a stint in the
hospital last weekend. The 59-
year-old Hall of Fame pitcher
was released from the hospital
Saturday evening after being
admitted Friday for what he
said was an artery spasm....
Outfielder Preston Wilson
agreed to a one-year, $1 mil-
lion contract with the Cardi-
nals after helping St. Louis
capture its first World Series
title in 24 years. ... Right-
hander Claudio Vargas and
the Milwaukee Brewers
agreed to a one-year, $2.5 mil-
lion contract. ... The Balti-
more Orioles reached one-
year agreements with outfield-
ers Nick Markakis and Adam
Stern, and pitchers Kurt Bir-
kins and Ryan Keefer. ... Art

against Belgium next week.

Cech was out for more than
three months after fracturing
his skull in an Oct. 14 collision
with Reading midfielder Ste-
phen Hunt in the Premier
League. He returned for Chel-
sea on Jan. 20 against Liver-
pool. “He is still our No. 1,”
national squad spokesman
Lukas Tucek said.

Coach Karel Bruckner
named Arsenal midfielder
Tomas Rosicky, Lyon striker
Milan Baros and Monaco for-
ward Jan Koller to his 18-man
squad for the Feb.’7 match.

e Netherlands: Feyen-
oord will find out by Feb. 9 if it
will be allowed back into the
UEFA Cup. The Dutch team
has filed an appeal with the
Court of Arbitration for Sport
against its exclusion from the
European competition. Last
week, UEFA expelled Feyen-
oord and fined it $80,000 for
fan trouble during a match
against Nancy in November.

e France: Brazilian defen-
sive midfielder Fabio dos
Santos Barbosa joined Lyon.
Santos Barbosa, 26, joined
from Brazilian club Cruzeiro
on an unspecified contract.
Lyon also signed defender
Nadir Belhadj from Sedan
and striker Milan Baros from
Aston Villa in January.



TOM MIHALEK/AP
A CLOSE-UP LOOK: Pittsburgh’s Aaron Gray drives past
Villanova’s Will Sheridan for two of his 14 points

during Monday night’s 65-59 victory in Philadelphia.

Fowler, who pitched for the
Los Angeles Dodgers’ 1959
championship team and
became a pitching coach for
five major league clubs, died
Monday. He was 84.

e NFL: Mike Singletary
was added to the list of candi-
dates to become coach of the
Dallas Cowboys. The Hall of
Fame linebacker will inter-
view today with team owner
Jerry Jones. He’ll become
the eighth candidate consid-
ered to replace Bill Parcells.

e College’ football:
Charges won't be filed against
former California star Mar-
shawn Lynch despite an Oak-
land woman’s accusations that
he choked, slapped and sexu-
ally assaulted her, prosecutors
said.... Bobby Ross retired

‘as Army’s coach without a vic-

tory over Navy in his three
seasons with the Black
Knights. Ross, who had a 9-25
record at Army, will be suc-
ceeded by offensive-line coach
Stan Brock.

e Tennis: Maria Shara-
pova returned to No. 1 in the
rankings despite a lopsided
6-1, 6-2 loss to Serena Wil-
liams in Saturday’s final of the
Australian Open. ... Spain’s
Oscar Hernandez beat three-
time French Open champion
Gustavo Kuerten of Brazil
7-6 (7-2), 7-6 (7-3) in round-

‘robin play in the Movistar

Open in Vina Del Mar, Chile.
... Second-seeded Marcos
Baghdatis of Cyprus
advanced to the second round
of the Zagreb (Croatia) Open
after beating Florent Serra of
France 6-2, 7-6 (7-5).

e Golf: Michelle Wie was
offered a sponsor invitation to
the Kraft Nabisco Champion-
ship, among seven pros and six
amateurs invited to the first
LPGA Tour major of the year.

Sergio Garcia will
become the latest pro to
design a golf course in Dubai.





PEOPLEINSPORTS ts











REED SAXON/GETTY IMAGES

WITH A KISS

San Antonio Spurs point guard Tony Parker shows
affection for girlfriend and actress Eva Longoria after
arriving at the Screen Actors Guild Awards on Sunday
in Los Angeles. Hours earlier, Parker and the Spurs
beat the Los Angeles Lakers 96-94 in overtime, :

aene : oe

After being scorched by the Phoenix Suns, Cleveland Cav-
aliers star LeBron James got roasted.

James’ foundation hosted a celebrity roast Sunday night in
Cleveland, with about 260 patrons paying $1,000 apiece for
dinner and the chance to hear comedians Cedric the Enter-
tainer, Alex Thomas, Paul Rodriguez and Ralphie May

poke fun at “King James.”

Cleveland’s All-Star forward sat center stage on a red
throne trimmed in gold, using a folded white towel to shield

his face when laughing.

There were plenty. of jokes, even though the event, called
“A Toast to the King,” followed'the Cavaliers” 115-100 home
loss to Phoenix in which James scored 30 points.

“I knew something was special about LeBron when they
started televising his high school games... . Who’s the dude
with the beard? They got one of the coaches playing. Some-
body’s dad is playing the game,” Thomas said.

After dinner and a video about the James Family Founda-
tion, James told the crowd that one of its goals was to help

children in single-parent homes.

“IT don’t know how she did it, to raise me,” he said of his
mother, Gloria, who was in the audience. “I would not be

able to raise my son myself.”

Robinson honored

Reggie Jackson and
Rachel Robinson led a
salute to the 60th anniver-
sary of Jackie Robinson’s
breaking of the “color line”

at the 84th annual New York |

baseball writers’ dinner Sun-
day night in New York.
“Jackie was a special per-
son for all of us here in
America, not only for people
of color, but for all,” said
Jackson, who introduced
Robinson’s widow, Rachel.
“At this point in my life, I
can only hope that I can look
forward to even more prog-
ress for our game,” she said.
New York Mets manager
Willie Randolph, former
Yankees catcher Elston
Howard’s widow and Hall
of Famer Frank Robinson
all took part. Hall of Famers
Cal Ripken Jr. and Tony
Gwynn also were there, as
were MVPs Ryan Howard
of the Philadelphia Phillies
and Justin Morneau of the
Minnesota Twins and Cy
Young winners Johan San-
tana of Minnesota and
Brandon Webb of Arizona.

‘It’s incredible after 20 hours
there are three cars on the same
lap. It was like qualifying every

lap. Very exciting.’

- JUAN PABLO MONTOYA, Nextel Cup
driver, after earning his first sports car title
by helping his team win the Rolex 24 sports
car endurance race Sunday at Daytona.

FLASHBACK

On this day in history:

Big day at Duke

Duke retired Shelden
Williams’ No. 23 jersey on
Sunday, honoring the two-
time National Defensive
Player of the Year who
helped the Blue Devils win
three conference titles.

The 6-9, 250-pound for-
ward became the 12th player
in school history to have his
jersey retired. Williams,
who plays for the Atlanta
Hawks, was honored during
halftime of the Duke-Boston
College game.

Williams averaged 13.9
points during his four-year
career (2002-06) and set
school career records with
422 blocks and 1,262
rebounds. He helped the
Blue Devils reach the 2004
Final Four and make three
trips to the NCAA Tourna-
ment’s round of 16 before
being picked fifth overall in
last summer’s NBA Draft.

“T never actually thought
about having my jersey
retired,” Williams said. “I
knew it was something that
if Ihad a chance, it would be. °
great to have.”



1971 — In college basketball, UCLA starts its 88-game
winning streak with a 74-61 victory over UC Santa Barbara.

1999 — In tennis, Martina Hingis captures her fifth
Grand Slam title and third consecutive Australian Open with
a 6-2, 6-3 victory over France’s Amelie Mauresmo.
PAGE 6B, TUESDAY, JANUARY 30, 2007



aol am a -Wey ce) a (SM ol=Vtl are,
ate Me) emcee Ce Mele lp) d

on Mondays

NOTICE

NOTICE IS HEREBY GIVEN of the loss of
Bahamas Government Registered Stock Certificate
as follows:

Certificate No.
65-112
65-113

Stock
Bahamas Gov. Reg. Stock
Bahamas Gov. Reg. Stock

218,406
81,600

0.375 APR
0.40625 APR

06 Sept. 2021
06 Sept. 2022

I intend to request The Registrar to issue a
replacement certificate. If this certificate
is found, please write to P.O. Box N7788,
Nassau, Bahamas.

APR=Approve Prime rate



Legal Notice

NOTICE

RICHWIN ASSETS LIMITED

(In Voluntary Liquidation)

Notice is hereby given that the above-named
Company is in dissolution, which commenced on
the 5th day of January 2007. The Liquidator is
Argosa Corp. Inc., P.O. Box N-7757 Nassau, Bahamas.

ARGOSA CORP. INC.
(Liquidator)



Legal Notice

NOTICE

CHISELHURST
INVESTMENTS PTE.LID.

Notice is hereby given that the above-named
Company is in dissolution, which commenced on
the 29th day of December 2006. The Liquidator is
Argosa Corp. Inc., P.O. Box N-7757 Nassau, Bahamas.

ARGOSA CORP. INC.
(Liquidator)

BIs

Pricing Information As Of:

SEES
Securit y
Abaco Markets
Bahamas Property Fund
Bank of Bahamas
Benchmark.
Bahamas Waste
Fidelity Bank
Cable Bahamas
Colina Holdings
Commonwealth Bank
Consolidated Water BDRs
Doctor's Hospital
* Famguard
Finco
FirstCaribbean
Focol
Freeport Concrete
ICD Utilities
3 J. S. Johnson
}0.00 Premier Real Est
52wk-Hi Sy
12.25 Bahamas Supermarkets
10.00 Caribbean Crossings (Pref)
0.20 RND Holdings

28.00 ABDAB
14.00 Bahamas Supermarkets
0.35 RND Holdings

1.325275*
2.9728***
2.500211**
1.217450°****
11.3075*****

1.2700
2.6262
2.3220
1.1495

10.0000

Colina Money Market Fund
Fidelity Bahamas G & | Fund
Colina MSI Preferred Fund
Colina Bond Fund

Fidelity Prime Income Fund

3.0017
2.5002 .
1.2175
11.3075



52wk-Hi - Highest closing price in last 52 weeks
52wk-Low - Lowest closing price in last 52 weeks
Previous Close - Previous day's weighted price for dally volume
Today's Close - Current day's weighted price for daily volume
) Change - Change in closing price from day to day
Daily Vol. - Number of total shares traded today
DIV $ - Dividends per share paid in the last 12 months
P/E - Closing price divided by the last 12 month earnings

FR perio ai
A AA: BOA
Died ee Bea hee Se

THE TRIBUNE

Kee Bahamians in ‘dire

straits’ financially |

TOO many Bahamians are
over-extending themselves
financially and ending up “in
dire straits”, the minister of
social services and community
development has warned, citing
the example of a woman whose
take-home pay was just $42
despite earning a high salary.

Addressing a seminar during
which Bank of the Bahamas
International launched its ‘Sav-
ings Culture’ initiative, designed
to promote better savings and
spending habits, Melanie Griffin
said: “Most of us would agree
that our culture places tremen-
dous pressure on us for the
acquisition of material goods.”

She added that the never-end-
ing quest to buy more, com-
bined with the ease of paying
for it with payroll deductions,
can not only leave a family or
provider without funds for an
unforeseen challenge or med-
ical emergency, or unprepared.
for an expected event, it can
lead to financial ruin.

“People over-extend them-

selves, they end up in dire
straights, living above their

_means. Then they turn to others,

to family, friends, the church,
mostly the government,” Mrs
Griffin said.

To show her personal support
for the bank’s initiative, the min-
ister requested a form for an All
Grown Up account for those
aged 13 and under, so that her
daughter could receive a certifi-
cate, the high interest rate asso-
ciated with the account, free
online banking, a personal iden-
tification number and an ATM
card.

Bank of the Bahamas Inter-
national has developed savings
plans for different ages and
demographics, with the
youngest child able to open an
account with $10.:

“Every week we.pick up the
newspaper and see headlines
warning us that our failure to
save money when we are young
will leave us without the means
to support ourselves when we
are older,” said Tanya Wright,

Legal Notice

NOTICE

XILCART FIELDING
HOLDINGS LTD.

Notice is hereby given that the above-named
Company is in dissolution, which commenced on
the 23rd day of January 2007. The Liquidator is
Argosa Corp. Inc., P.O. Box N-7757 Nassau, Bahamas.

ARGOSA CORP. INC.
(Liquidator)



Legal Notice

NOTICE

RUMSTON
INVESTMENTS PTE. LTD.

Notice is hereby given that the above-named
Company is in dissolution, which commenced on
the 7th day of September 2006. The Liquidator is
Argosa Corp. Inc., P.O. Box N-7757 Nassau, Bahamas.

ARGOSA CORP. INC.
(Liquidator)

Bid $ - Buying price of Colina and Fidelity

Ask $ - Selling price of Colina and fidelity

Last Price - Last traded over-the-counter price
Weekly Vol. - Trading volume of the prior week
EPS $ - Acompany's reported earnings per share for the last 12 mths
NAV - Net Asset Value
N/M - Not Meaningful
FINDEX - The Fidelity Bahamas Stock Index. January 1, 1994 = 100

*- 19 January 2007

** - 31 December 2006

*** - 31 December 2006

**** - 31 December 2006







@ SAVINGS CULTURE LAUNCH — Officials, incluting min-
ister of financial services and investments, Vincent Peet; minister
of social services, Melanie Griffin; and Miss Bahamas, Samantha
Carter, were on hand.for Bank of The Bahamas International’s sav-
ings culture launch on January 25 at Sandals Royal Bahamian. _

the bank’s manager of business
development, marketing and
public relations.

“We at Bank of the Bahamas
International aim to make
attractive products and savings
plans available that go beyond
business as usual to a more
ambitious and lofty goal - to fos-
tera national culture of savings
that we hope will spread from
this room to all the Bahamas,
influencing generations to
come.” z

Vincent Peet, minister of
financial services and invest-

(Photo: Tim Aylen)

ments, said: “It is sssential that
we as a people begin to more .
conscientiously reconsider our
spending habits...Eank of the
Bahamas rightfully describes
our country as a ‘consumer
nation with its citizens spending
far more than they aresaving’.
“T wish therefore to applaud '
Bank of the Bahamas for not
only taking note of this adverse
situation but for taking the ini-
tiative in putting on this event
which...is aimed at an ambitious
goal, changing the spending psy-

- che of Bahamians.” i





@ MINISTE of Social Services, Melanie Griffin, kicked off Bank

of The Bahatas International’s Savings Culture launch last week .- . .
by opening ataccount for her daughter with coins the family had - |

rolled. The saings culture campaign is aimed at changing the
national psycho spend wisely and save more.





@ STUDENTS from Uriah Mchee entertained as the Bank of the
Bahamas International’s savings ylture campaign with accounts for
those 13 and under or all the way rough retirement were unveiled
at the launch January 25.



Manager prior

STORE MANAGER

Small Retail Store specializing in
girls accessories is seekinga dynamic,
energetic, and highly moti\ated Store |

experience to handle all aspects
of store operations. Only persons
30 years and older need apply.

Please send resumes by e-mail to
ecooke@ coralwave.com

Phone: 324-2970






retail nanagerial






THE TRIBUNE

TUESDAY, JANUARY 30, 2007, PAGE 7B



BUSINESS



Prince Edward to unveil plaque
mark Ansbacher’s 50th anniversary

our celebrations in Nassau, the
Bahamas. We look forward to the
next 50 years,”

Ansbacher was first established in

Group. Ansbacher is also committed
to the sponsorship of the Bahamas
International Film Festival for the
next three years.”

with us for this very special occasion,
which marks a tremendous milestone
in Ansbacher’s history in the
Bahamas. “With a staff of 60, of whom

the company's agreement to sponsor
two young Bahamians in furthering
their knowledge and career aspira-
tions in the offshore banking sector.

Prince Edward will this Thursday
.. unveil a plaque in Nassau this Thurs-
«day to celebrate the 50th anniversary
* ‘of Ansbacher (Bahamas), the Bahami-

.’an-based bank and trust company.

‘* The plaque will be unveiled at the
*.bank’s headquarters, Ansbacher

«*House, Bank Lane, Nassau.

*e* Michael Mayhew-Arnold, Ans-
<*bacher (Bahamas) managing director,

54 are Bahamians, Ansbacher is com-
mitted to providing the highest quali-
ty of service to its worldwide client
base. Ansbacher (Bahamas) has other
planned events for its 50th anniver-

Commitment

“This commitment to the future and
growth of young Bahamians in the
financial services sector is key to the

Hugh Titcomb, Ansbacher Group
chief executive, added: “On behalf of
the Ansbacher Group of Companies
and our shareholders, Qatar National
Bank, I congratulate Ansbacher
Bahamas on its 50th anniversary, and

sary celebrations, including gold spon-

.

#04
‘=.Said: “We are very honoured to have

*”,

%

*

as FROM page 1B

“It is the agreement at the
forefront of this schedule, and
“the deadline is pending,” Mr
“Simon said, a reference seem-
ingly to the January 15, 2007,

Solis Royal Highness Prince Edward

oe

on its Savings Tax Directive
and tax information exchange.

Mr Simon said the Chamber
was still developing its planned
survey of the impact the EPA
and other trade agreements
would have on the Bahamian
economy and its various indus-
tries.

sorship support of the AIBT's Nas-
sau Conference on 6 February, and

ahamas needs ‘vision’ to make trade decisions

This, he added, would be

- done in collaboration with the

likes of the Small Business
Association, Bahamas Finan-
cial Services Board (BFSB)
and other private sector
groups, and take into account
the social-and community
impact.as well.

, deadline for the Bahamas to
“submit its ‘wants and needs’
on the EPA to Cariforum,
1 which was missed,
ou The Bahamas has some fun-
damental decisions to make on
arthe EPA, in the first instance
-owhether it negotiates as part
of the Cariforum bloc or goes
‘it alone. Doing the former
‘would bind the Bahamas to
..whatever agreement Carifo-
*crum was able to negotiate,
“including the aspects that
- ‘might be unfavourable to this
‘afation, whereas the latter —
“option would depend on
v whether the EU was interested
in a separate trade deal solely
involving the Bahamas.
__. Once that is resolved, the
' Bahamas then has to decide
' what EU imports it will imme-
' diately remove tariffs from;
' which ones will be eliminated
or reduced in a phased
’ approach and the timeline for
this; and which tariffs will stay
at all costs, ;
Then, given that the EPA
also embraces market access,
services and investments, the
Bahamas must weigh the
impact on its tourism and
financial services industries,
and decide which areas of the
' economy reserved for Bahami-
: an ownership only are to be
‘opened up to foreign firms,
: -€ither immediately or phased-
', in, or excluded from any agree-
"ment at all.
Mr Simon said the Bahamas
' had to “protect our strengths
and strengthen our weakness-
“es” in the economy when it
avame to trade agreements,
” avarning that this nation could
- ‘now allow itself to fall behind
or become uncompetitive.
The Bahamas’ approach to
trade had to be “all about strat-
‘egy, planning and vision”. Mr
+ Simon added: “It’s a national
«discussion, not one dictated by
“government or private inter-
‘est groups. It’s a truly national
*«endeavour. We have to engage
»$4n serious dialogue.”
‘e’ He said the EPA’s potential
,ampact on tourism and finan-
ecial services was “a real con-
cern”, as the former would see
‘areas previously reserved for
~ Bahamian ownership only
~ opened up to EU firms, while
. the financial industry could be
“exposed to extra EU pressure

%

"NOTICE

NOTICE is hereby given that NISHEL IGNASE OF P.O.BOX

' F-1954, HANNA HILL, EIGHT MILE ROCK, FREEPORT,

GRAND BAHAMA, BAHAMAS, is applying to the Minister

‘ responsible for Nationality and Citizenship, for registration/
naturalization as a citizen of The Bahamas, and that any person .

who knows any reason why registration/ naturalization should
not be granted, should send a written and signed statement
of the facts within twenty-eight days from the 23RD day of
JANAUARY, 2007 to the Minister responsible for Nationality
and Citizenship, P.O.Box N-7147, Freeport, Bahamas.

NOTICE is hereby given that SIDNEY MERTILUS OF
SOLDIER ROAD, NASSAU, BAHAMAS, is applying to
the Minister responsible for Nationality and Citizenship, for
registration/naturalization as a citizen of The Bahamas, and
that any person who knows any reason why registration/
naturalization should not be granted, should send a written
and signed statement of the facts within twenty-eight
days from the 23rd day of January, 2007 to the Minister
responsible for Nationality and Citizenship, P.O.Box N- 7147,
Nassau, Bahamas. . ey

CHAMBERS

is seeking to hire an ambitious

COMMERCTAL ATTORNEY

for its Nassau Office

Applicants with a minimum of five (5) years
experience must possess the skills.and the ability to
work independently on conveyancing and mortgage
matters.

Attractive salary and benefits are available to the
candidate with the right aptitude and skills.

Applicants should send resumes to:

THE HUMAN RESOURCE MANAGER
P.O. Box N-979, Nassau, Bahamas or
By facsimile (242) 393-4558 or
E-mail: info@halsburylawchambers.com

€

CHEVENING



BRITISH CHEVENING SCHOLARSHIPS FOR 2007-2008

we Bev ee

Law

saw me ee

Justice & Human rights
International relations/diplomacy Public Administration

Environmental Studies

Applications are now being accepted for the 2007-2008 Chevening Scholarships,
available to Bahamian applicants wishing to pursue post-graduated studies in the
UK in the following subjects: .

Media/journalism studies

Sustainable development
Management

Further information and application forms can be found on the British Council

growth of the economy, and this is
wholly supported by the Ansbacher



the Records Department on or before FEBRUARY 2, 2007.

we are delighted that His Royal High-
ness, Prince Edward, will join us for

No form will be accepted without:

Vv ALL SIGNATURES (Student’s, Advisor’s and
Chairperson’s) and

Office.

N.B. ANY form submitted after this date will be considered |
LATE and will be processed for the Summer Semester

2007.

Â¥ PROOF OF PAYMENT from the Business

Visit our website at www.cob.edu,bs

ALL prospective graduates for SPRING 2007 MUST
submit COMPLETED Graduation Evaluation Forms to

the Bahamas in 1957, and was for-
merly known as Bahamas Interna-
tional Trust Company or BITCO. A
consortium of banks, with Barclays
Bank as the majority shareholder.
owned it before it was acquired by

_ Ansbacher in 1989, Its name changed

to Ansbacher (Bahamas) in 1994,

















FIRSTCARIBBEAN

INTERNATIONAL BANK

CAREER OPPORTUNITY

fora

Senior Programme Manager, Northern
Caribbean Operations
Location: Bahamas

Qualifications:

° Bachelor’s degree in business related field

¢ 5 - 10 years experience in Financial Institutions

¢ Comprehensive knowledge of Financial Institutions operational processes and
procedures that support Retail Distribution (Retail, Corporate, Capital Markets

& International Wealth Management customer segments) sufficient to develop
and improve complex practices and processes.

_ © Working (practical) knowledge of several areas of external activities (financial
and/or other industries, market and/or regulatory environment, or client business
practices and needs) sufficient to apply relevant issues or developments to work
performed

General Responsibilities:

° As a part of Senior Management, lead the development of Change Management
Documents — Business User Requirements / Project Charter, Project Plan,
Implementation Plan, Project Budget, Business Cases, Request For Information

(RFI) and

Request For Proposal (RFP)

¢ Responsible in conjunction with the Head of Operations and other Northern
Caribbean Operations Managers in developing the Bahamas Regional Operations
Centres into a fully centralised processing unit for the Northern Caribbean
Region by incorporating additional functions from the Local Processing Unit

hubs.

° To support the overall strategic mandate of the northern Operations group by
identifying and executing process improvements that increase profitability and
enhance our customers’ and employees’ experience.

° To provide advice and /or consultation typically of an operational or tactical
nature to Operations Centres management as it relates to existing business

processes

and proposed business changes.

Remuneration:

¢ Salary commensurate with senior management position at the FC Level 8 (Note:

1-1i job

levels)

° Benefits- includes a car allowance, preferred loan rates, variable incentive pay

(Jamaica) website at: www.britishcouncil.org/jamaica

(bonus), medical scheme, pension benefits...

See wenn

Closing date 5th February 2007

Applicants are requested to submit their resume with a cover letter via
email by February 9"", 2007 to: Chaunte.toote@firstcaribbeanbank.com

FirstCaribbean International Bank (Bahamas) Limited thanks all
applicants for their interest, however only those under
consideration will be contacted.

Vacancies are open to Bahamians only.



aw
—_
PAGE 8B, TUESDAY, JANUARY 30, 2007

THE TRIBUNE



eit ne

EXCITING AND CHALLENGING OPPORTUNITY FOR
YOUNG BAHAMIANS

Imagine a career which will take you to tie workd’s most fascinating ports and far flung destinations,

A Maritime career could take you there.
s

"Do you have, or are likely to have, 5 BGCSE passes, including Math, Physics/Combined Science and

English Language at grade ‘C’ or above?

Have you obtained, or do you expect to achieve, a combined SAT score of at least 1500?

Are you physically fit?

Are you between the ages of 16 and 20 years?

Ifyou have answered YES to the questions above then read on.

The Bahamas Maritime Authority and the Bahamas Shipowners Association are once again offering —

attractive scholarships to young academically sound Bahamians who are keen to train for an exciting
and challenging career in the Maritime Industry which is gaining increasing national importance,

These generous scholarships are inclusive of tuition, fees, course material, accommodation and
transportation costs. Commencing in September 2007, successful candidates will follow a 4 year
degree programme at the California Maritime Academy, a unique campus of the California State
University. Upon completion of the degree, the qualified officers will be expected to serve on board a
Bahamian flagged vessel for at least 2 years providing the solid foundation on which to build their

Maritime careers,

Further information and application forms can
be obtained from Mrs Erma Rahming Mackey,

Assistant Director, Bahamas Maritime.

Authority, Gold Circle Complex, East Bay
Street, P O Box N-4679, Nassau, Bahamas,
emackey@bahamasmaritime tel:
394 3024, fax: 394 3014. Completed
applications must be submitted in person or by
post, with copies of academic
certificates/transcripts and proof of Bahamian
citizenship, no later than 9" February 2007.







Mi CUTTING THE RIBBON
— A new 24,000 square foot
City Market store on West Bay
Street opened to the public
after a gala private showing
and ribbon-cutting ceremony
Monday night. Pictured L to
R: store manager Rodd
Bethell; Yvonne Williams, a
member of staff for 40 years
before recently retiring; min-
ister of local government and
consumer affairs, V. Alfred:
Gray; Bahamas Supermarkets
chief financial officer, Bryan
Knowles; chief executive Ken
Burns and chairman Basil
Sands.

(Photo by Roland Rose
jor DP&A)

Markets charts —
v direction with —
Cable Beach store _

TOP business, civic and
political leaders gathered to
celebrate the grand opening of
the new flagship City Market
store on West Bay Street, a
24,000 square foot building
double the size of the shop the
chain had occupied for 30 years
to its east, and setting a trend
for the company’s new direc-
tion for the 40-year-old lead-

ing grocer.

“We applaud the efforts and
the ciyic consciousness of
Bahamas Supermarkets,” said
minister of consumer affairs
and local government, V.
Alfred Gray, who was speaking
on behalf of Prime Minister
Perry Christie.

“You have indeed set a stan-
dard...Gazing - and it is gaz-

4

&

ing and staring, for one cannot *
merely glance at this beautiful
store, looking at the tropical
murals running the length of
high walls, looking at the open
aisles, at the colourful and
bright displays, at the modern
scanner cashier stations, City
Market has clearly enhanced
the comfort of grocery shop-
ping in the Bahamas.”



Ml MINISTER of energy and the environment, Dr Marcus Bethel (far left) chats with deputy leader
of the opposition and MP for Montagu, Brent Symonette; Bahamas Supermarkets warehouse super-
intendent, Glenn Adderley; meat market merchandiser, Mario Simmons; and Jeff Robertson of

Bahamas Wholesale Agency.

(Photo by Roland Rose for DP&A)



4
e
th;

aay

“ter positioning throughout

TUESDAY, JANUARY 30, 2007

SECTION

Fax: (242) 328-2398

E-Mail: sports@100jamz.com

New Courageous seals
first A-Class victory

Results
from New

Year's Day
Regatta

B® SAILING
By KELSIE JOHNSON
Sports Reporter

CAPTAIN Emmit
Munroe of the New Coura-
geous will hold the Regat-
ta's 'bragging cup,’ after
sealing the first A-class vic-
Ory.

The Ragged Island-based
boat, finished the New
Year's Day Regatta with 27
points, it was followed by
the Silent Partner, who also
accumulated 27 points.

The heated clash between
the two boats forced a tie
breaker, which gave the
New Courageous the edge
over the Silent Partner. The
New Courageous had bet-

the three races than the
Silent Partner.

It was an intense battle
for the third spot in the A-
class between the Good
News and the Lucayan
Lady.

But the Good News, skip-
pered by Lee Armbrister
would hold off the Lucayan

.ady's threat. The boat fin-
ished the Regatta with 24
points, King Eric Gibson's
Lucayan Lady ended with
22 points.
' The tides were rolling in
Armbrister's favour in the
B-class — he was able to
avenge his A-class third
place finishing by clinching
the top the class top hon-
ours.

He ended the Regatta
with 24 points, King Eric
Gibson's Ansbacher pulled
in second with 20 points,
the Cobra also wheeled in
20 points, Heathcliffe had
16 points and Lady Natalie
was fifth with 15 points.

Races in the C-class were
to close to call from the
shoreline, but when the
points were added the class
belonged to Clyde Rolle
and the Lethal Weapon.

@ SAILING
By KELSIE JOHNSON
Sports Reporter

THE yearly contributions made by
sailors to keep the national sport in
the country alive will not go unno-
ticed anymore said Minister V Alfred
Gray.

The comment by Minister Gray
came hours before six of the top
sailors in the country received their
awards of appreciation, at an awards
banquet held at the Government
House, yesterday evening.

The honourees included Dr Kirt-

‘land Hall-Culmer, MD; Clement Fox,

King Eric Gibson, Captain Ted A
Johnson (deceased), Dr. Rev. WG
McPhee (deceased) and Robin
Knowles.

Minister Gray, who is responsible
for regattas, apologised to the family

@ WEEKEND sailing action
from the New Year’s Day
Regatta at Montagu

Rolle and his crew were.
among the ten boats that
kicked things off in the
New Year's Day Regatta.
The C-class started sailing
on Friday with the remain-
ing classes on Saturday and
Sunday.

The Lethal Weapon end-
ed the Regatta with 43
points, one point ahead of
the newly
Thunderbird, sailed by
Buzzy Rolle.

Lady Eunice would add
to the mix of things in the
class, snagging the third
spot with 39 points, she was
followed by Queen Briget-
ta with 29 points and Two
Friends with 24 points.

But the sailors won't
have long to celebrate their
wins, the next Regatta is set
for February 15-17: The St
Valentines' Day Massacre.

This festive regatta,
which is also dubbed 'Catch
me if You Can,' will be
held at Montagu Beach.








(Photos: Tim Clarke)

remodelled

members and the sailing community
for the late recognition of the skippers
and their crew, but added that he will
do his best to continue on with the
recognition of the outstanding sailors.

According to the minister, the gov-
ernment has made a commitment to
the sport and that there will be more
changes.

He said: "The time has come for
the sporting icons to be recognised.
These sailors have made great con-
tributions to regatta and they've been
overlooked. If they weren't over-

looked, in my view, they probably |

were never given the due recognition
for the work and the pivotal part in
the development of the sport that
they've played.

"We, and I mean me and the gov-
ernment, are determine to bring the
success of regattas to the forefront
and honour them, the sailors and their

MIAMI HERALD SPORTS

crew, for their contributions. Yes, it
should have been a long time'ago,
but it is never too late to do good."

Even though two of the six hon-
ourees have passed away, Captain
Ted A Johnson in January of this year
and Dr. Rev. WG McPhee, in 1989,
their legacy lives on in the sailing
community.

Dr. Rev. WG McPhee, a native of
Andros was instrumental in the devel-
opment of sailing.

The all-around skipper, was best
known for his creativity and unique
designs in building sloops. He was a
pioneer that headed the Sea Avalon,
the renewed Thunderbird and Wind
Pioneer.

Dr. Rev. WG McPhee will also be
remembered for playing a pivotal role
in the implementation of national
regattas.

According to his son, Rev. Philip



McPhee, Dr. Rev. WG McPhee's con-
tributions has strengthened his fami-
ly's commitment to sailing.

Philip McPhee said: "It is a tremen-
dous honour for the government and
the sailing community to honour dad.
In my opinion he has made the great-
est contribution to sailing in this coun-
try, he kept it alive when many others
didn't think it was worth while.

"We owe him a lot and it is fitting
that the government decided to do
this.

“T think his legacy will live on
through his children. It is a positive
thing not only for the sailing commu-
nity but for the family members to
see that the person’s hard work didn't
go out in vain and that it doesn't
diminish or fade away."

@ MINISTER V Alfred Gray

@ MIAMI HERALD
SPORTS INSIDE




PAGE 2E, TUESDAY, JANUARY 30, 2007



TRIBUNE SPORTS






Full field is
expected at
Hugh Campbell

® BASKETBALL
By BRENT STUBBS

Senior Sports Reporter

A FULL field of senior boys
basketball teams is expected for
the 25th anniversary of the presti-
gious Hugh Campbell Basketball
Classic.

The classic is scheduled for
February 19-26 at the Kendal
Isaacs Gymnasium and, today,
Ferguson said they will reveal the
list of teams entered and the
make-up of the four pools as well
as the sponsors involved this year.

Ferguson said there are a num-
ber of sponsors, who have made a
commitment to be a part of this
year’s tournament. But he said
they are pleased that such compa-
nies as Thompson Trading and
Gatorade have decided to come
back for another year.

For the first time this year, Fer-
guson said they are looking at
having a team from the Turks and
Caicos Islands come in to com-
pete. They will be the first time
outside of the Bahamas to partici-

ate.

“] have their rosters and we're
looking forward to them coming
in,” he projected. “I think they
will be a good addition to the
competition here.”

In celebrating this year’s tour-
nament, Ferguson said they are
hoping to provide an athletic
scholarship for a deserving player
to attend the College of the
Bahamas.

At this point, he said it will
probably be the tournament’s
most valuable player.

Additionally, Ferguson said
they are looking forward to hav-
ing some college coaches from the
United States to come in to view
the talent and hopefully provide
some scholarships to their respec-
tive institutions.

“By playing in this tournament,
we hope that some of the players
will be able to secure athletic
scholarships so that they can fur-
ther their education,” Ferguson
stressed.

Ferguson said they are looking
forward to this year’s event being
a tremendous success, especially
with all of the games being played

at the Kendal Isaacs Gym.
- The AF Adderley Gym, which
has served as the home base for
the tournament over the years, is
currently under renovation. It’s
the first time that the tournament
won't be played there.





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Year
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4998.

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1996

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et ORO DROGR: BS Gr oh BR RAO GCG SR ER, OOOO OF BE

m@ TRACK AND FIELD
By BRENT STUBBS

Senior Sports Reporter

DONALD Thomas, now
nicknamed “Bahamasair”
after his stellar performance
at the Diet Pepsi Invitational
over the weekend, said the
“sky is the limit” for him this
year as a member of the
Auburn Tigers Track Team.

Thomas, along with 110
metre hurdler Shamar Sands,
inked their names on top of
the charts in their respective
events as they also achieved
automatic qualifying marks
for the NCAA Indoor Cham-
pionships, March 9-10 in
Fayetteville, Arkansas.

Thomas, a senior transfer
competing for the first time
for Auburn University, also
qualified for the IAAF
World Outdoor Champi-
onships in Osaka, Japan in
August and the 2008
Olympic Games in Beijing,
China.

The World Champi-
onship’s A qualifying stan-
dard is 2.30 metres and the
B mark is 2.27

Thomas’ winning feat of
2.31 or 7-foot-6 1/2-inches
placed him into a six-way tie
for ninth in the world. He
also inked his name in
Auburn’s record books.

“It was a good perfor-
mance. It wasn’t 100 per cent.
It was about 80 per cent,” he
said in an interview from
Auburn yesterday. “I feel
like I could do better. But it
was a good performance
overall.”

After his winning feat,
Thomas said his coaches
asked him what he wanted to
do next and he said “any-
thing. I was just that excit-
ed.”

_ Although this is just his

: “second year that he is seri-

Fa iG Ci C il i



Fr

TRUST




ously jumping, Thomas, who
made a splash with a fourth

place finish at the Common-

wealth Games last year, said
“the sky is the limit” for him.

“I haven’t really jumped
yet in practice,” he reflected.
“Before Saturday, I jumped
about twice working on my
strength. So I haven’t really
start jumping yet.”

Thomas, however, said he’s
looking forward to propelling
even higher when he get in
the atmosphere with the clite
jumpers at the World Cham-
pionships.

He said he’s thrilled to be
training with the world class
athletes at Auburn, which
should enable him to be even
more prepared than he was
last year at the Common-
wealth Games.

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SPORTS

’s th






Sands, competing in his
senior year after sitting out





& DONALD THOMAS
qualified for the NCAA
Indoor Championships

the past year and a half with
a serious of injuries, posted a
provisional qualifier of 7.27
seconds in the preliminary
round of the 55 metres hur-
dles and then ran a personal-
best 7.17 in the finals to win
the event and earn an auto-
matic berth in the NCAA
Championships.

His time adjusted for the
60m hurdles would currently
rank him third nationally
among college athletes and
fifth in the world this year.

“The performance was
great,” Sands said from
Auburn as well. “My first
race I was just running for
strength, but coach was look-
ing for me to go automatic
and qualify for NCAA’s,
which I did. So hopefully bet-
ter things will come.”

Looking back at his race,
Sands said he got out real
good and he was technically
sound over each hurdle, even
thought he could have done

limit’
for Donald Thomas




it a little faster.

“My first priority is to stay
healthy,” said Sands, reiter-
ating what he said in a previ-
ous interview. “Once I can
stay healthy, things will con-
tinue rolling along these lines.

“J just keep praying for
good health because the main
thing for me is to stay
healthy. Once I continue to
do that, everything else will
be great.”

Sands will be back in action
this weekend when he com-
petes at the Indiana Relays
in Bloomington, Indiana.

Henry Rolle, the assistant
track coach at Auburn Uni-
versity, said the performances
by Thomas and Rolle should
set up the Tigers as one of
the favourites at the South-
eastern Conference Champi-
onships in Lexington, Ken-
tucky from February 23-25.

i BELOW: Shamar Sands’
(centre) time adjusted for the
60m hurdles would currently
rank him third nationally
among college athletes and
fifth in the world this year.



Knowles and
Nestor number
three in world

@ TENNIS
By BRENT STUBBS
Senior Sports Reporter



AFTER falling short'in the semifinal at the
Australian Open last week, Mark Knowles and
Daniel Nestor have emerged with the number
three ranking in the world in the men’s doubles.

The first rankings for the year released yes-
terday, showed Knowles and Nestor sitting in
third place with 136 points. They trail Jonas
Bjorkman and Max Mirnyl, the Australian
Open runners-up, who have 140.

American twin brothers Bob and Mike
Bryan, who ousted Knowles and Nestor before
they went on to retain their title over Bjorkman
and Mirnyl, are out front with 200. They were
the No.1! team last year.

“We'd like to be number one, but obviously
it doesn’t mean that much not to be number
one,” Knowles said. “It’s still a great start to the
year and even though we are third, we are still
in striking distance to number one.”

Knowles, however, said their ultimate goal is
to emerge as the top ranked team in the world
at the end of the year.

“The way to do that is to win Grand Slams
and to win tournaments,” he stressed. “We
had a great start to the year and J still feel,
like I said the other day, that we were still the
best team in the tournament.

“We should have walked away with the title,
but we didn’t. We lost a tough match to the
Bryans and they ended up winning the tour-
nament.”

Their third place ranking, according to
Knowles, is a good builder for the rest of the
year. It gives them the incentive to stay com-
petitive as they’re not too far behind the lead-
ers.

Knowles and Nestor have returned to the
United States and are on a two-week break.





we : gs MSs

@ MARK KNOWLES and Daniel Nestor
(AP FILE Photo)

They are scheduled to return to action in
Rotterdam, the Netherlands for the ABN
Amro World Tennis Tournament from Feb-
ruary 19-25 and then in Dubai, United Arab
Emirates from the Dubai Tennis Champi-
onships from February 26 to March 4.

They will then come back to the United
States for a series of Masters Tournaments in
Indian Wells, California for the Pacific Life
Open, March 5-18 and in Key Biscayne, Miami,
Florida for the Sony Ericsson Open from
March 19 to April 1.

Hopefully after that tournament, Knowles
will stop home for a few days of relaxation
before they take off on the next leg of the tour
that will conclude with the French Open in
Paris, France, May 28 to June 10.