Citation
The Tribune.

Material Information

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

Subjects

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

Notes

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

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Source Institution:
University of Florida
Holding Location:
University of Florida
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This item was contributed to the Digital Library of the Caribbean (dLOC) by the source institution listed in the metadata. This item may or may not be protected by copyright in the country where it was produced. Users of this work have responsibility for determining copyright status prior to reusing, publishing or reproducing this item for purposes other than what is allowed by applicable law, including any applicable international copyright treaty or fair use or fair dealing statutes, which dLOC partners have explicitly supported and endorsed. Any reuse of this item in excess of applicable copyright exceptions may require permission. dLOC would encourage users to contact the source institution directly or dloc@fiu.edu to request more information about copyright status or to provide additional information about the item.
Resource Identifier:
09994850 ( OCLC )
9994850 ( OCLC )
UF00084249_03008 ( sobekcm )

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CLOUDS, SUN,
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© USA TODAY —

BAHAMAS EDITION







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TUESDAY, OCTOBER 9, 2007






lie called to TV star row

Local personality

in altercation with
former MSNBC TV
anchor Rita Cosby

By ALISON LOWE
Tribune Staff Reporter
alowe@tribunemedia.net

POLICE were called to the
scene after a.local media per-
sonality was involved in a heat-

ed altercation with former :

MSNBC TV anchor Rita Cosby
outside Sandals Resort on Sun-
day.

Lincoln Bain, one of the two
creators of the Bahamian TV
show, “Controversy TV”, said
the dispute broke out when he
met with Ms Cosby about her
desire to set up a meeting with
the two former nannies of the
deceased Anna Nicole Smith.

Mr Bain is spokesman for the
Haitian women, who are resi-
dents of the Bahamas.

Ms Cosby has been in the
Bahamas since Saturday. Mr
Bain claims her visit was the
result of a phone call he
received shortly after the publi-

cation of her now best-selling
book “Blonde Ambition.”

During the phone call. Mr
Bain claimed, she said she
would like to meet with the
nannies, who are quoted exten-
sively in her book. She offered
to be interviewed on Mr Bain’s
TV show.

She admitted to Mr Bain at
that point, and later in an inter-
view with.The Tribune, that she
in fact never met with the nan-
nies nor spoke with them before
the publication of her book.

Ms Cosby, however, alleges
that it was Mr Bain who made
contact with her and invited her
to the Bahamas on the basis

that there were affidavits sworn -

by the nannies that she would
be able to see which would cor-
roborate her book’s claim. Mr
Bain denies this version of
events.

SEE page nine

Rita Cosby claims she was ‘set up’
over meeting with Haitian maids

TV PERSONALITY Rita Cosby claimed last night that she
was “set up” in the meeting with the two Haitian maids, who
appeared to change their story when she refused their alleged

requests for money.

“TI came down here because J had heard that they wanted to meet
up with me with no strings attached,” she told The Tribune.

“They said there was an affidavit I could see and that they had
further information to corroborate the things I said in my book.

“T am shocked, disappointed and disgusted and you have to
wonder who’s behind this. | am very disappointed that they have

SEE page nine

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RITA COSBY speaks to the Bahamian nn yesterday. nea Bain (right) looks on.

Search for pair
who escaped
police after
attempted robbery

POLICE in Grand Bahama
are aggressively pursuing two
men who eluded authorities
during a high-speed chase after
an attempted robbery at a pop-
ular night spot.

The alleged attempted rob-
bery occurred at 2am yesterday
at the Wreck Bar, Madeira
Croft, when two men entered
the bar wearing masks to con-
ceal their identity.

Both men were armed with
shotguns and held up the bar-
maid and patrons, demanding
cash.

Police reports indicate that
panicked patrons began scream-
ing during the event, alerting
the proprietor of the bar who

SEE page nine



| By TANEKA THOMPSON

: been accused of “attacking the
: messenger” by calling into ques-

: dent audit performed by the
: British Crown Agents which
: investigated the number of con-
: tracts awarded by the former
; administration.

Deveaux made this statement yes-

Minister: senior PLPs
‘attacking the messenger’
Tribune Staff Reporter
tthompson@tribunemedia.net

SENIOR PLP éfficials have

tion the accuracy of the indepen-

JJ “hy
Earl Deveaux

Minister of Works Earl

terday during a telephone interview in response to comments

made by former Minister of Works Bradley Roberts.
“We...used the report which had been in the possession (of

: the former administration) to outline why this matter was of
: a concern to us, and why it should have been of concern to
_}. them. Minister Roberts is attacking the messenger, rather
_| than the message.”

SEE page nine





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PLP government
exceeded last
year’s budget by
over $170m

@ By BRENT DEAN
Tribune Staff Reporter
bdean@tribunemedia.net

_THE PLP government far
exceeded last year’s budget esti-
mates by nearly $171.64 million,
having spent at least $88.59 mil-
lion more in recurrent expendi-
ture and $83.05 in capital expen-
diture.

These figures come from the
package of supplementary
appropriation Bills Prime Min-

SEE page nine

Claim that staff
requested police
raid on gay event

@ By ALISON LOWE
Tribune Staff Reporter
alowe@tribunemedia.net

POLICE raided a gay event
at the Hard Rock Cafe down-
town on Saturday at the request
of some of the cafe’s employ-

’ ees, it was claimed yesterday.

The employee said that she
and other staff members decid-
ed to call 911 because there
were numerous naked gay men
“wandering through” the build-
ing during the party.

According to a patron, who
contacted The Tribune on Sun-
day, the party was attended by
about 200 BGLT (bisexual, gay,
lesbian and transgender)

SEE page nine

i CORRECTION

IN AN article printed on the
front page of Saturday’s Tribune
under the headline “Plays and
Films Control Board chair seeks
to explain censorship process,” it
was incorrectly suggested that a
number of individuals were mem-
bers of the Christian Council’s anti-
gay agenda committee.

Galleria Cinemas CEO Chris
Mortimer, attorney Lester Mor-
timer and COB lecturer Michael
Stevenson are not part of the Chris-
tian Council committee.

Rather, they were panelists at a
public meeting called by the
Bahamas Plays and Films Control
Board.

Head of the anti-gay committee
Pastor Lyall Bethel-was also on the
panel.

The Tribune apologises for any
inconvenience the error may have
caused,



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PAGE 2, TUESDAY, OCTOBER 9, 2007

‘ THE TRIBUNE





Anti-gay campaigner considers
legal action against talk show hosts

ANTI-GAY campaigner
Clever Duncombe is consid-
ering legal action against two
talk show hosts for allegedly
besmirching his name.

He is consulting lawyers
with a view to sue attorney
Fayne Thompson and broad-
caster Steve McKinney for
remarks made on the Island

FM weekend radio show.

Parliament Street.

Mr Duncombe took issue
with comments made during
a call-in programme on
homosexuality “which tried
to smear (his) character.”

“IT am consulting lawyers
to see what can be done
about this,” he told The Tri-
bune. “These two were tak-
ing cheap shots at me. I
don’t think my character
should be assassinated.
Broadcasters should have a
responsibility for making
sure people’s names are not
besmirched.”

Clever Duncombe
claims comments ‘tried
to smear his character’



The programme was dis-
cussing Mr Duncombe’s

campaign to have the 1991 -

Sexual Offenses Act rescind-
ed.

He claims the act allowed
the homosexual lifestyle

to become part of the

social culture of the
Bahamas.

He believes there should
be a referendum to see if
Bahamians, who were not

consulted before the 1991

act, agree that homosexuali- .
ty should be decriminalized.

“I am not attacking gays
‘and lesbians as individuals,”
said Mr Duncombe, “but I
believe we should have a say
on whether homosexuals
should be able to flaunt their
lifestyles in front of the rest
of us.

“If privacy is the issue
here, then I don’t see why I
should have to see drag
queens around my streets or
unusual characters display-
ing their femininity in pub-
lie:

Mr Duncombe said Steve

Clever Duncombe



McKinney had an axe to
grind with him because he
had publicly questioned the
high fees he was paid by the
PLP,

Fayne Thompson denied
accusations by Mr Dun-

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combe that he or Mr McK-
inney in any way
“besmirched” his name, but
added that a decision by Mr
Duncombe to pursue legal
action against him was his
“democratic” right.

Mr Thompson asserted
that the show weighed the
need for a repeal of the 1991
Act.”

He said the Bahamas
should be dealing with “big-
ger” and more “important
issues” rather than debating
whether to “police what
homosexuals do in the pri-
vacy of their boudoirs.”

“Our show (on Sunday)
was not about the gay agen-
da or support of it,”

Mr Thompson told The Tri- .

bune.

“If I remember correctly,
the comment made was
directed at the Christian
Council — there was no com-
ment made or directed at
Cleaver Duncombe.”

However, Mr Duncombe
said the talk show debate
centred on the apparently
now widely accepted
assumption that homosexu-
ality should be part of the
country’s social culture.

Referendum

“I beg to differ,” he said,
“I want to know whether
Bahamians want this to be
so. If they do, and express
their wish through a refer-
endum, then I would accept
it and start to resocialise my
daughter on this issue.”

Mr Duncombe said
response to his campaign
had been “overwhelmingly
positive” but added that he
still wanted to know the
Bahamas Christian Council’s

_ posture’ before deciding his

next move. .

“The Christian Council’s
response will weigh heavily
on whether we become allies
or foes,” he said.

A series of town meetings
is planned over the next few
months to test public feeling
on the issue.

The gay debate was
sparked by the Rainbow
Alliance’s call for a gay
channel on cable television.

The Christian Council
responded by forming a sub-
committee to counter the
gay agenda.

Mr Duncombe would like
to see a return to the pre-
1991 era when the gay
lifestyle was outlawed.

When contacted yesterday,
Mr McKinney declined to
comment on the matter.

Showroom Floor Assistant



Tim Clarke/Tribune staff

eh g2- YEAR: OLD Nicole Octelus
ie yesterday at court.

Third man

in court in
connection
with murder of
Shawn Evans

@ By NATARIO
McKENZIE

THE third man to be
charged in connection with
the murder of Shawn Evans
of Pride Estates was
arraigned in Magistrate’s
Court yesterday.

The accused, Nicole
Octelus, 32, of Allen Drive
off Carmichael Road, has

also been charged with the —

attempted murder of one of
the witnesses in the Shawn
Evans murder case.

Octelus was arraigned
before Chief Magistrate
Roger Gomez at court one
in Bank Lane yesterday to
face the charges of murder
and attempted murder.

He is charged along with
Smith Charitable, 33, also
known as Ishmael,.and
Michael Joseph, 21, also
known as Michael France,
in connection with the mur-
der of Evans, 32:

Charitable and Joseph
were arraigned on the
charge about three weeks
ago.

According to court dock: |

ets; itis alleged by the,pros- —

ecution that on Sunday,.....
September 16, Octelus,
along with Smith Charitable
and Michael Joseph inten-
tionally and unlawfully
caused the death of Shawn
Evans.

On the charge of
attempted murder, it is
alleged that he on Saturday.
September 29, while con-
cerned with others Octelus
attempted to cause the
death of John Lubin who is
listed as a witness in the
Shawn Evans murder case.

Octelus, who was not rep-
resented by an attorney, was
not required to enter a plea
to the charges.

He was remanded to Her
Majesty’s Prison, Fox Hill.
The case has been
adjourned to April 14 and
15, 2008.

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THE TRIBUNE



Two vessels

apprehended
for suspected |
illegal eniegs

THE Royal Bahamas
Defence Force yesterday
reported the apprehension of
two Bahamian registered
fishing vessels suspected of
being in violation of the
Immigration Act.

Reportedly, both vessels
had persons onboard who
were either not holders of
permanent residency, or
spousal permits allowing
them to fish in the Bahamas.

The apprehensions
occurred on Sunday after-
noon when crew of the
HMBS Nassau was out on
routine patrol in the area of
the Cochinos Banks.

“The Bahamian registered
fishing vessels were boarded
by the Defence Force
marines,” a release from the
RBDF said. “A search of the
vessel discovered several
crew-members with immi-
gration irregularities,” it
alleged.

“It.is important that own-
ers and captains of all
Bahamian fishing vessels
have work permits or proper
documentation for all non-
Bahamians engaging in com-
mercial fishing in the exclu-
sive fishery zone of the Com-
monwealth of the Bahamas,”
the release said.

Man accused
of rape of
22-year-old
woman

A 36-YEAR-OLD Market
Street man was arraigned in
Magistrate’s court yesterday,
accused of the rape of a 22-
year-old woman.

Rodney Brown was
arraigued before Magistrate
Susan Sylvester at Court 11
in Nassau Street on the rape
charge.

According to court dock-
ets, it is alleged that Brown
ecrimitted the offence on
Tuesday October 2, 2007.

Brown was not required to
enter a’plea to the charge.

He was remanded into cus-
tody until Thursday when he
is to return to court for a bail
hearing.

Youth faces
charge of
indecent
assault on girl

AN 18-year-old Gambier
Village man was arraigned-in
Magistrate’s Court yesterday,
in connection with the
alleged indecent assault of a
13-year-old girl.

Quardero Dean _ was
arraigned before Magistrate
Carolita Bethel-at court eight
in Bank Lane on the charge
of indecent assault.

Dean pleaded not guilty to
the charge and was granted
bail in the sum of $7,500.

The matter was adjourned
to April 16.

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m@ By PAUL TURNQUEST
Tribune Staff Reporter
pturnquest@tribunemedia.net

SYLVIA Cates was a pillar
of the community and did not
deserve to die in the manner
she did, her relatives told The
Tribune yesterday.

David Cates, the son of Sylvia.
Cates, said he wants the public

to know who his mother was —:

not just the country’s latest
homicide statistic, but a won-
derful and decent person.

“My mother was laid off on
the floor, covered over in a
quilt, and bludgeoned to death,
and almost beyond recognition.
And this was in her bedroom.

“IT know that a lot of other
people in the country have had

a lot of crime and people suf- ,

fered a lot. But I hate to see
just ‘Murder number 40’, you
know. That was a person.

“T want the country to know
what my mother looked like,

~ and that she was a decent per-

son. She was not a person to sit

down and be idle. She was
involved in her community. If
people needed clothes she
found clothes for them.

“If people wanted food, she
found food for them. In the
Hurricane Floyd relief effort,
she ran her own thing, inde-
pendent of what the Red Cross
and the government were
doing. She had things flown in
from Freeport. — I don’t know
how she made the arrangements
— but she got water and beds
and all sorts of things to peo-
ple who needed it. And she did
it out of genuine concern for
people,” he said.

Sylvia Cates was found in the
bedroom of her home in Rock
Sound, Eleuthera wrapped in a
quilt. Her face had numerous
bruises, and cuts about the body
suggest that she may have been
assaulted with a knife as well.

Police said yesterday that
they have no new leads in the
case, but that investigations con-
tinue.

Mr Cates, accompanied by

his wife Elaine, came to The
Tribune yesterday to speak
about Sylvia Cates, who left
behind six children and 11
grandchildren.

Her husband, local preacher
Leroy ‘Ray’ Cates, died from
cancer five years ago and is
buried in South Eleuthera.

Shock

This latest homicide shocked
the small community of South
Eleuthera, Mr Cates said. And
if nothing is done to curb this
upward spiral in crime, he
warned, the public will read

“about this kind of violent act

“more and more.”

“I believe last week we had
three murders in the country —
and it’s going to get worse,” he
said. “It is going to get worse if
something doesn’t ... I don’t
have the answers for it, but
something has to be done about
it.”

Mrs Cates added that her

Alleged brutality victim ‘making progress’

m@ By TANEKA THOMPSON
Tribune Staff Reporter
tthompson@tribunemedia.net

DESMOND Key, who was
said to have been left “brain
dead” as a result of alleged

police brutality, continues to’

steadily improve in a hospital
in Florida, family members said
yesterday. —

After lying in a comatose
state in the ICU of Princess
Margaret Hospital for several
weeks, where his condition
appeared to worsen, Desmond
was airlifted to the Jackson
Memorial Hospital in Miami,
Florida in August.

“Desmond seems to be

improving,” his grandmother,
Verona Bastian said yesterday.
“He’s still in a coma (but) he
can open and close his eyes, and
he tries to raise his heads arms,
and legs.”

In. spite of these small

improvements, Ms Bastian told
The Tribune that doctors at the
Jackson Memorial Hospital
speculated that if Desmond
does ever recover from his
coma, he may remain blind.

“T feel a little comfort that he
is slightly improving,” Ms Bast-
ian said yesterday. “But I don’t
feel too happy about Desmond

_ being blind.”

Ms Bastian explained that
any possible handicap as a result
of the injuries he sustained
would-severely impact her
grandson’s ability to provide for
his family. As a road worker
and father of six, losing his sight
would make it extremely diffi-
cult for Desmond to retain his
job, she said.

While Desmond is being tak-
en care of by an “expert” team
of doctors, his family remains
aware that he may not emerge
from his unresponsive state.

“When he went there he was

very, very ill, so we do not
expect an instant miracle,” his
grandmother said.

Desmond was taken into
police custody on June 17 in
connection with an alleged traf-
fic violation, and remanded to
the Grove Police Station.

There, his family claims, he
was beaten in his cell by offi-
cers. i

The incident attracted nation-
al attention and sparked con-
siderable debate on radio talk
shows.

Two police officers were
arraigned before the Magis-
trate’s court on charges stem-
ming from the matter. The case
was adjourned to December 18.

While waiting for the case to
be heard before the courts,
Desmond’s family transferred
him for treatment in the United

States ‘after doctors “at*-PMH **

said there was nothing more
they could do for him.

Scotiabank contest offers $10,000
in prizes for innovative vision

LOCAL bank managers are
encouraging bright young
Bahamians to take advantage
of a chance to $5,000 and help
shape the future of industry.

Yesterday, Scotiabank
launched the Scotiabank
Change-Maker Challenge, an
online contest offering a total

of more than $10,000 in cash .

and prizes.

The contest asks young adults
and students in the Bahamas to
share their vision for innova-
tion in banking.

Submissions will be accepted
until November 16 and the
grand prize winner will be
announced in mid January,
2008.

“This is a very exciting com-
petition for us and an excep-
tional . opportunity for
entrants,” said Debra. Wood,
senior manager for marketing
and public relations at Scotia-
bank. “Not only do individu-

als have a chance to win some

great prizes, they also get to
present their ideas to the men
and women who run the largest

INDEX



Bank in the Caribbean and
have the opportunity to change
the way Scotiabank does busi-
ness.”

The contest asks entrants 18
to 30 years of age, “if they were
CEO of a leading financial insti-
tution, what fresh new banking
service they would like to see
offered to customers.”

This is an online contest in
which individuals are asked to
outline their idea in a 250 to 500
word essay and submit it at
www.change-makerchal-
lenge.com.

“Young people deserve to be
given opportunities to promote
their ideas and be heard,” said
Mrs Wood. “With the Scotiabank
Change-Maker Challenge we are
giving students a chance to show
that they can compete and suc-
ceed on a professional level.”




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faa, ee : : 3 TUESDAY, OCTOBER 9, 2007, PAGE 3
ein brief Murder victim was kind and

generous person, say family

young daughter is afraid of ©
going into her own home after
hearing about what happened
to her grandmother. “She said,

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PAGE 4, TUESDAY, OCTOBER 9, 2007

EDITORIAL/LETTERS TO THE EDITOR

THE TRIBUNE





The Tribune Limited



NULLIUS ADDICTUS JURARE IN VERBA MAGISTRI





BETWEEN the tabled Supplementary
Appropriations Bills for recurrent expenditure
during the 2006/2007 fiscal period and capital
expenditures during the 2005/2006 and
2006/2007 budget periods, and the report’ by
the British Crown Agents — requested by the
Bahamas’ Auditor General — into the issuing
of contracts by the Ministry of Works, this ses-
sion of parliament promises to be a lively one.
The Opposition will certainly have much
explaining to do.

The 18 Heads of Agreement signed with
various developers, and six letters signed
between the Christie government and Baha
Mar Development Company should produce
some political fireworks.

The Supplementary Appropriations Bills
show that the PLP spent almost $171.64 mil-
lion over budget without going to parliament for
approval.

A government can overdraw on a budget up
to $20 million, but any amount over that can
only be done with the approval of parliament. It
now appears that the PLP government did not
go to parliament for that approval. Hopefully
before the year is out the public will be told

why.
On Wednesday, Mr Ingraham laid the appro-

priations bills on the table of the House and

asked for parliamentary approval to legalise
_ the actions of the previous government.

An official told a Tribune reporter that the
PLP’s spending habits and the lack of legal
authority to spend these sums certainly will be
a major issue in the House.

The overspending emphasises, for Sole:
the drain that Bahamasair continues to be on
the Public Treasury. The capital budget for the

airline for the year 2006/7 was $10 million.;:How-
‘ever, the airline-required an-additional $16.5
million to keep it airborne.

The Public Health Authority; which-the PLP
government wanted to further burden with
National Health Insurance patients, needed an

additional $21.975 million for supplies and mate-

FORMER foreign affairs minister Fred
Mitchell gave a curious reason for showing
up in Barbados last month to explain why the
Ingraham government had cancelled Carifes-
ta, which the PLP had planned to hold in the
Bahamas next year.

“We issued a statement from Nassau but
that statement was not carried by the
Caribbean media and so I have come to ensure
that the people of the region know the facts on

this matter and to defend the reputation of

the PLP and the Bahamian people.

“We are poe partners,” said Mr’

Mitchell.

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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.
EILEEN DUPUCH CARRON, C.M.G., M.S., B.A., LL.B.
Published Daily Monday to Saturday

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

Explosive session of House expected



Fred Mitchell to the rescue



Reliability

~Publisher/Editor 1919-1972
Contributing Editor 1972-1991

Publisher/Editor 1972-

rials. Government had budgeted for $13.07 mil-
lion. There was need for another $1.530 mil-
lion from the capital account to pay for hospi-
tals’ renovations and medical facilities.

This resulted in another $23.514 million over
budget.

And so it goes on, each item promises a long
debate, shot through with accusations, counter-
accusations, explanations and excuses. All of
which will probably further expose the incom-
petence of this one-term PLP government.

And, of course, there is still much more to
come out of the British Crown Agents’ report
on the handling of contracts by the Ministry of
Works.

On Wednesday, Works Minister Earl
Deveaux only scratched the surface of the report
when he laid the executive summary of the doc-
ument on the table of the House. The whole
report is expected to follow, if not this week,
then next week.

In its summary, the damning report says that
three quarters of the contracts issued by the
Ministry were awarded to firms without a com-

' petitive bid. The result, said the independent

auditors, resulted in “contractor selection not
being conducted in an open, transparent or fair
manner.”

Already former Works Minister Bradley
Roberts has called a press conference to explain
why he took the short cuts. He said that because
of public demand, and a shortage of contractors
who wanted to submit a bid, the Christie gov-
ernment decided to abandon the bidding
process in favour of negotiated contracts. He
then pointed an accusing finger at the FNM,
claiming that it used the same process in the
recent rush to repair government schools in
time for their September opening.

But-this-is only the tip of the iceberg. This
report contains many allegations that cry out for
investigation: ’

These are only a few of the exposés antici-
pated. Before year end much dirty linen is
expected to be put on public view.

We would like Mr Mitchell to tell us how
many reporters turned up for his press con-
ference and how much coverage he actually
got by appearing on the scene.

We have been told that there was much
jesting about the whole affair with certain
CARICOM members wondering why he
would think they would be interested in such
a petty matter.

Anyway, Bahamians now know that they
have a self-appointed roving foreign affairs
minister in the person of Mr Mitchell.

It really does make the Bahamas look
immature.


























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Government
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in Fox Hill

EDITOR, The Tribune

THANK you for the many
times you have allowed us to
voice our opinions in your most
valuable column. Today we wish
to address our views on two con-
cerns, the first is ignorance and
the second is immigration.

The Bible says that my peo-
ple perish for two reasons:

1) because they lack knowl-
edge

2) because they reject knowl-
edge

First and foremost I must
inform my people to stop allow-
ing themselves to be used. It is
allegedly common practice for
political parties at an election
year to*become political Santa
Clauses, and magicians giving
jobs that they never had, then
there is the disappearing and re-
appearing of illegal immigrants
(seemingly. being deported), hir-
ing where there is no job, oh and
my personal favourite, appear-
ing at every home at least four to
six times in person and all in an
effort to deceive us into giving
our votes,

Mrs Moxy-Ingraham’s Satur-
day morning show was open for
general discussion and was soon
bombarded with opinions on the
present deployment situation of
which I called PLP political
manipulation of our very own.
As stated earlier these ploys are
common practices from time to
time of politicizing not only the
Bahamas but world-wide what-
ever the gift may be. The PLP
allegedly did what was the norm.
Their only problem was they did
not do their home-work, Time
for playing games is over and we
the people are looking for char-
acter, moral standards, integri-
ty and respect for God.

When I was a child I acted and
spoke as a child, now that [ama
man I put away all childish
things. Our message today to all
who are aspiring to become
politicians is we have grown up
and put away all our childish toys
and games, ignorance and all.
Our point is those people who
took those jobs most of them to
our belief knew what was going
on, including my biological sis-
ters and family. I warned them
what was going on. I shared my
knowledge with them about that
particular PLP. Mr Ingraham
presented us with one of our
own in the form of Senator Dr
Jacinta Higgs. Their main con-
cern was if he, Prime Minister
Ingraham, would support -her
and us in Fox Hill after the elec-
tion. Well, like I told them then,
only time can answer that,
Unlike a politician I will not lie
to them but I can assure them
that God had called the Hon-
ourable Hubert Ingraham for



















LETTERS

letters@tribunemedia.net




such a time as this, whether he
aborted us or not.

Back to the point at hand
those people ignorantly and

arrogantly allowed themselves —

to be used and even now we
have people being planted by
their radios to ask and say fool-
ish things to our radio hosts and
their guests, instead of being told
to grow up and move on, the
plan did not work we must all
move on. Instead we are hearing
cries of victimisation, where’s
the government’s heart and give
us a second chance.

Well, that’s all nice and good,
but what about us, the people,
who voted for not a second
chance, but an opportunity to
make a difference. What about
we the people of Fox Hill who
want to work with the young
boys in Fox Hill, who were about
to design Freedom Park and who
are responsible for the bleach-
ers today. What about us who
under Fred Mitchell would
seemingly not be allowed to
complete our vision for our com-
munity. What about those who
have done less because they
don’t know how, but are count-
ing on this government to inspire
them

Mr Prime Minister, you are
the government for the entire
Bahamas and we are trusting
you to bring resolution and
peace where there is unrest. One
thing we ask is that you don’t
allow your government to be
manipulated by arrogant PLPs
who refuse to show the decency
and admit that any government

that preys on the ignorance of .

the people to this degree need
to apologize and are a disgrace
to their country. What is really.
shocking to us young people is
the fact that we have yet to hear
from the original PLPs (names
we don’t wish to call) demanding
that not all but the arrogant gold
diggers and manipulators be



EDITOR, The Tribune

I HAVE read the com-
ments of Senator Bridgewa-
ter, concerning the Summer
Youth Employment Pro-
gramme in Grand Bahama,
the pending election (Marco
City) court case, and the
apparent disappearance of one
of their investors. heretofore
of international renown. After
digesting the gist of her com-
ments, | was tormented in
mind, indeed, shocked, how
soon do we forget.

Have we forgotten the
many horror stories of the
handling of this programme at
the hands of a former Member
of Parliament in the last
administration? I really was
torn between laughing and
crying. On one hand, she
could have only been trying
to.add some comic relief to
mask her poor performance
in the Senate during the Bud-
get Debate. On the other
hand, if she is serious by her
performance in the Senate and
utterances, you cannot pre-
vent the feeling of sadness as
you watch the political melt-
down of one whom as recent
as May 1, 2007; held so much



EDITOR, The Tribune

When I read in The Tribune
about the various groups form-
ing anti-gay campaigns, I wish
these people would get as moti-
vated to form campaigns against
problems like crime, domestic
abuse and violence in schools.

I am really tired of hearing
the paranoid rhetoric about a
worldwide homosexual agenda
to take over society, etc. They
talk as if homosexuality is
something new. It has been
around throughout human his-
tory (as has heterosexuality),
and no doubt will always be
around (as will heterosexuali-

Senator’s comments
show the shortness
of her memory

involved have been hood-

Get over your gay fervour

dealt with and stop bringing
shame to a party name that
made the Bahamas a touristic
destination for all to see and
enjoy.

Next I would like for the peo-
ple of the Bahamas to go to the
dictionary and define the fol-
lowing words: “government” and
“help”. After learning the defin-
ition ask yourself if we are real-
ly seeking help from our goy-
ernment and if our government
is really helping us.

Our next concern is seeking
help in the area of illegal immi-
grants. Fox Hill is over populat-
ed to the point that if you open
your doors or windows between
the hours of 4am and 5am, the
sténch from the slop buckets
being thrown out in the bushes is
sickening for lack of proper bath-
room facilities.

Fred Mitchell seemingly
refused to deliver us from this,
now elections are over we are
hoping as our MP he would join
us in asking the government for
assistance with this situation. Are
we really into helping a nation if
we cannot give proper housing to
these people? We as Foxhillians
cannot get proper homes and
mainly because of the large num-
ber of immigrants in areas such
as Cox Street, Armbrister Street,
Rahming Street, Rose Street,
Foxdale, oh and to my surprise I
was driving through St James
Road and I saw Haitians taking
turns sleeping on the roof. My
God! Are we really helping and if
we are, in which way are we help-
ing? What is our goal as a people,
what is Government help?

To all readers I hope you were
able to receive this letter with
an open mind and realise that
it’s time that we place our love.
for our children and country
above the hatred of a political
party. In doing this we would
have made the first step into
walking out of ignorance. Until
next time, have a super great
week, God bless you.

MINISTER S DAVIS
Nassau
September, 2007

























promise. It is indeed sad to
watch the adage “Hell knows
no fury like a woman
scorned,” acted out before
your very eyes. This I submit is
one for the ages, a Shake-
spearean tragedy in our times
in Bahamaland.

As to the investor, Mr Jasper
Knabb, and his Pegasus ven-
ture, it was no less a person
than Prime Minister Christie,
with MP Bridgewater, in tow,
who went to Grand Bahama
in February, and promoted Mr
Knabb and his investment as
one that would revive, restore
and preserve Grand Bahaima’s
economy. Do we recall the
hoopla surrounding the hiring
of persons to Work in this God-
sent business through then MP
Bridgewater’s law firm office?
How quickly things change. It
now appears that all those

winked, except the good peo-
ple of the Marco City Con-
stituency. The now Senator
appears to have taken to the
hills in full denial. What a time,
what a people, what a tragedy!

DENNIS MARTIN
West End
September 2007



ty). Get over it.

The people who are work-
ing so hard on anti-homosex-
ual campaigns need to get out
of people's bedrooms and put
that energy into campaigns to
fight the real problems we
have in our society.

Finally, there have been
Bible quotes used to justify the
anti-gay fervor. To those who
have been using this tactic, I
would like to remind you that
the Bible also says "Judge not".












FRANCES FARMER,
A Fed Up Heterosexual
Nassau

October 1 2007








THE TRIBUNE

TUESDAY, OCTOBER 9, 2007, PAGE 5



© In brief

Woman jailed
for three
years over
drug charges

A 33-YEAR-OLD woman
was sentenced to 36 months in
prison yesterday, having plead
guilty to drug charges.

Latoya Seymour of Refugee
Drive was arraigned along with
two other women in August on
the charges of possession of
marijuana with the intent to
supply and conspiracy to pos-
sess with the intent to supply.

Seymour pleaded guilty to
the charge on September 19 and
was sentenced by Magistrate
Carolita Bethel yesterday.

The other two defendants in —

the case have pleaded not guilty
to the charges and remain on bail.
Seymour admitted possession
of 120 pounds of marijuana.
According to court dockets,
on Monday August 13, the
- accused was found in posses-
sion of a quantity of marijuana
and also conspired to possess a
quantity of marijuana.

Man accused
of growing
marijuana

A MAN was arraigned in >

Magistrate’s Court yesterday in
connection with the alleged cul-
tivation and possession of mar-
ijuana.

Sergio Eugene Cox, 22, of
Yamacraw Shores was
arraigned before Magistrate
Carolita Bethel at court eight
in Bank Lane.

According to court dockets, it
is alleged that between Saturday,
September 10 and Saturday,
October 6, Cox was found culti-
vating a quantity of marijuana.

It is further alleged that on
the same day, Cox was found
in possession of a quantity of
marijuana.

The prosecution is alleging
that Cox was found cultivating
seven marijuana trees and was

found in possession of four:

grams of marijuana.

The accused pleaded not
guilty to the charges and was
granted bail at $5,000. The mat-
ter-was adjourned to April 10.







LOCAL NEWS

Bishop says parents should pay

for children’s misbehaviour

PARENTS should be made
to pay for their children’s law-
lessness as part of a drive
towards more adult responsi-
bility, a leading pastor has
claimed.

“We don’t need police at
schools,” said Bishop Simeon
Hall, “what we need are disci-
plined, responsible parents in
the homes where these young
misfits come from.”

The pastor said more
Bahamians should take
responsibility for their own
actions and stop blaming oth-
ers.

“What if a heavy fine were
levied against the parents of

children who destroyed school :

or public property? Do you
think we would have to spend
millions of dollars on school
property every year?”
Bishop Hall said some non-
intellectual teenage terrorists
were wearing “a $30 haircut
on a ten cent brain” but

Syinas\e Meu

claimed the wider society was
to blame for the downward
drift.

“Ours is a growing disor-
dered society because people
want to solve problems by
blaming others,” he said during
a sermon at New Covenant
Baptist Church.



“The straw vendors dirtied
the straw market and then cry
that the straw market is dirty.
One arm of the Teachers
Union says one thing, while
another is saying something
else,” he said.

The behaviour of most civil
servants borders on being
criminal, said Bishop Hall.

“Too many civil servants are
just not producing and they
spoil the good name of those
who do excellent work,” he
said.

Bishop Hall said the
Bahamas is a “hard-edged dis-
ordered society” which
required a police force in
which the public can trust.

“We have the potential to
be great, but we lack the will to
do the right,” he added.

But he believed people
could still call the police
because of what they repre-
sent.

Praising police as “the last

Civil servants and churches
under fire for lack of order

CIVIL servants and church-
men came under attack from
Bishop Simeon Hall as he
highlighted causes of the
Bahamas’ crime problem.

He attacked governmment.
officials and employees for
their slackness — and lambast-
ed a “spirit of disorder” in the
church. .

Bishop Hall, in a hard-hit-
ting sermon at New Covenant
Baptist Church, reserved spe-
cial contempt for civil servants
who get to work late, take long
lunch-breaks, and sneak off
early. : :

“Civil servants want to come
to work at 9.30am, have a cof-
fee break at 1lam, have one
and a half hours for lunch, pick
up the children at 3pm and
must leave early because
Prophet Fu-Fu is in town and I

‘have to hear this new word he

has promised.

“Any effort to discipline
anyone is met with a strike
vote. There is disorder in
society and which govern-
ment office can you call after
four and find people work-
ing?”

He said too many civil ser-
vants “just are not producing”,
thus spoiling the good name
of those doing excellent work.

Bishop Hall also said that
the church was not without its
spirit of disorder.

There were almost 4,000
churches scattered across the
nation with an average of three
ordained ministers in each
church.

Of those 12,000 clergymen
and women, there were at
least 4,000 marriage officers.
“That seems to me like a suf-
ficient number to put a seri-

Se loiNee ee)
The National Centre for

BROADWAY —

OTe sat Cee

supplies last)

ous dent in problems of °

domestic violence.

“If marriage officers, them-
selves trained, competent, eth-
ical.and available, would offer
these services to people com-
ing to the church to be mar-
ried, we could change domestic
violence significantly.

“Ninety-seven per cent of all

marriages performed in our
country are performed by
Christian-state-licensed-cler-
gy-persons. If all marriage offi-
cers were to lift the bar on
marital counselling we might
save a life.

“But too few pastors in our
Bahamas are trained to offer
good marriage counselling.
And any effort that demands
that persons entering mar-
riage seeks proper guidance

is met with ridicule and dis-,

dain.”,

bastion” between civility and
disorder, Bishop Hall said: “I
believe we can call on our
police because of the level of
sacrifice their work necessi-

tates.”
Police

He said policemen and
women were angels of the
night, the physical watchmen
of the city. “They put their lives
on the line each moment they
are on duty for us, leaving their
own families vulnerable,” he
added.

The national spirit of law-
lessness. must not .cause
Bahamians to lose faith in the
law enforcement agencies, said
Bishop Hall.

“We must as a people con-
tinue to believe that the best

that makes us Bahamians is
greater than this spirit of vio-
lence and disorder for which
each of us bears a degree of cul-
pability.”

Bishop Hall said no-one in
the Bahamas should have justi-
fiable reason for pointing a fin-
ger at any police officer.

“If one police officer on the
force commits an egregious act,
then the whole force will bear
the .blame,” he © said.

“So critical and pivotal are our

police and their behaviour to
our social order that any act
that diminishes public confi-
dence in our police retards our
nation’s progress.

“And yet I believe I am well
within the mark when I say that
most Bahamians feel good
about the police and other law
enforcement agencies,”

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PAGE 6, TUESDAY, OCTOBER 9, 2007

THE TRIBUNE



@ By TANEKA THOMPSON e #oeF e phone card booths attracted a
masse" Police say most are properly licensed Siete»
tthompson@tribunemedia.net bourhoods they “sprout up” in, on

: ACP Hanna acknowledged that 38
MEMBERS of the. business the booths are “cash cows” and sek

community say they are fed up : therefore a target for criminals. ol

with the proliferation of cell _ killing. They don’t pay rent... imal” requirements to acquirea —_ hopes of regulating where they _ impact on traffic and a “propen- However, he noted that the ;

phone card booths. - they don’t have overhead, they — vendor’s licence from the Roy- _ are allowed to set up shop, sity to attract criminal behav- RBPF has seen a significant a
They say the practice is taking just sit there texting all day,” al Bahamas Police Force. “We have brought this matter —iour”, Mr Deveaux added. decline in booth robberies, a

away business from shop own- the source said. _ While this licence is needed to the attention of the TPC According to Chief Superin- specifically in the southeastern iM

ers across the island who also “J don’t understand how the _ to legally operate aphone card (which is) also. ..concerned _tendent of Police Hulan Han- — area. a]

sell phone cards. government can let this culture ~ booth, vendors are not required —_ with the proliferation of those na, the RBPF is satisfied that A representative from BTC 1s
A businessman spoke with rise and make it the norm. They _ to pay a fee like shop owners _ (booths). the “overwhelming majority” | who spoke on the condition on 04

The Tribune yesterday toclaim — supposed to nip it in the bud, ' do. “The TPC is concerned with — of phone card vendors are prop- anonymity told The Tribune — 3

that a number of phone card so now when you do something Enraged businessmen are not __ traditional neighbourhoods and __ erly licensed. that vendors were not allowed’ ~ — :

booth operators are allowed to. (Bahamians) don’t think you the only ones speaking out _ the aesthetics of these neigh- to purchase phone cards direct- 2q
sell BTC phone cards without taking bread out of poor peo- against the rise in cell phone —_ bourhoods. We want to be cer- Targets ly from the company. i sl ;

being subject to the process of _ ple’s mouth.” card booths. tain that what we allow in our According to the employee, 3

paying annual business licence - The Tribune learned yester- According to Minister of | neighbourhoods and on our : there are currently 40 autho- of

fees. day that any person looking to Works Earl Deveaux, members __ streets is consistent with good He added that any booth rised wholesalers who sell ... AE
“They put these lil’ shacks up set up shop asa phone card ven- of the Town Planning Commit- _ aesthetic values.” found operating without a ven- _ phone cards to booth owners. on
everywhere and they make a___ dor simply needs to meet “min- _ tee (TPC) will be delving into Top of the list of complaints — dor’s licence would be shut “As far as BTC is concerned, 2p
the matter and plan to meet against these booths is that down until a proper permit is _ these people should have busi- 9
with the agents involved in the some of them are a “publicnui- secured. ness licenses,” the BTC employ- 08
granting of these licenses in — sance” because have a negative When asked whether these _ ee said.
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Proposals will be opened at 12:00 noon, October 23, 2007 at
BTC, JFK Drive. ,

BTC reserves the right to reject any or all proposals.

GET ee RETO 0



“tthe



THE TRIBUNE

TUESDAY, OCTOBER 9, 2007, PAGE 7



Oln brief

Bahamas
‘can deal in
the internet
business’

THE Bahamas has the
infrastructure in place to con-
duct business in the internet
age, according to State Min-
ister for Finance Zhivargo
Laing.

He was addressing the offi-
cial opening ceremony of the
10th General Conference of
Ministers of the Caribbean
Telecommunications Union
at the Royal Bahamas Police
Force Conference Centre on
East Street. i

“From both a technology |:
perspective and. from a regu-
latory. framework, the
Bahamas has in place a plat-
form to facilitate the govern-
ment of the Bahamas’ inten-
tions with respect to the full »
development of e-commerce,
e-trade, e-education and e-

_ government,” Mr Laing said.

“These platforms also pro-
vide the foundation for the
transformation of this econo-
my to that of a 21st century
new knowledge economy,”
he added.

Mr Laing noted that an
archipelago like the
Bahamas, with a service
based economy catering to
international clients in
tourism and financial services,
is a prime location for the
benefits of information com-
munication technologies, or
ICTs.

“Indeed, it is safe to say
that ‘what we have achieved
both economically and social-

_ ly t/o date in this country
wotild not have been
achi‘eved without the growth
ands development of our
nation [CT’s infrastructure,”
he said.

¢ , recently installed fibre-

©P! ic submarine cable net-
Wo rk — just one of the high-

“a ch assets the Bahamas has —

as allowed the country to
chieve almost full inter-
sland connection as well as
connectivity with 15 other
Caribbean and Latin Ameri-
can countries, i

The varied networks serv-
ing the Bahamas have the:
capacity to carry voice, data
Internet and 200 digital tele-
vision channels, Mr Laing
noted.

There are around 134,000
installed wire lines, and
260,000 cellular subscribers
using both TDMA and GSM
with GPRS facilities, he said.

A third cellular network is
in place in hot spots for
inbound roaming only. There
are 97 bilateral roaming GSM
agreements in place with 56
countries, with multiple
agreements in the Caribbean,
he added. :

_. Mr Laing also noted that:
there are CDMA roaming
agreements with Verizon and
Sprint in the United States,
and 45,000 high-speed Inter-
net subscribers giving the
Bahamas — one of the highest
rates in the region.

POPS CH SECC EO OHO COO EE OE BOOSER®

Are YOU
Vex?

Email us at
whyyouvex@
tribunemedia.net
and let us
know what’s
on your mind

Poe ovesedoeoesesseeeseHHHDSEHOHOHHEOESHCOOEEAELE
SOOHOSCHSOOOEOOEHOEHOSCOEOESE OOOO ODOOS OOOO EEEEOEO®S

THE Bahamas National
Trust and Stuart Coves's Dive
Bahamas have entered into a
partnership to promote a
marine protected area in the
southwest district of New Prov-
idence.

They also plan to co-operate
in the implementation of a pilot
dive tag programme.

Stuart Cove's Dive South
Ocean has agreed to donate
$60,000 to the Trust, to go
towards the creation of a pro-
posal for the South West New

_ Providence Marine Protected
‘Area. ‘

The Trust said in a statement

‘that the grant will allow it to

engage a project co-ordinator
to conduct public consultations
for the plan. } :

Communication packages
and collateral material will be
produced to garner support for
the establishment of the park, it
said.

The statement said the Pilot
Dive Tag Programme will pro-
vide sustainable funding to sup-
port the development and man-
agement of marine parks and
protected areas.

It will also fund marine edu-
cation programmes and aid in
the establishment and expan-
sion of marine protected areas,
as well as encourage the estab-
lishment and operation of other
dive tag programmes in the

Joint proposal announced to
protected marine area

promote

Bahamas.

“We are pleased to be work-
ing with Stuart Cove's Dive
Bahamas to implement the
Dive Tag Programme and to
facilitate public consultations
needed for the establishment of
a marine protected area in the
southwestern area of New Proy-
idence. We envision the cre-
ation of a multi-use or zoned
area with designated areas for
diving, traditional fishing activ-
ities and resource protection.”
said Trust president Glen Ban-
nister.

Southwest New Providence
is popular among divers. “Expe-
rienced divers and novice
marine explorers can enjoy
dives off the wall, explore pris-
tine reefs and interact with
amazing marine life,” the state-
ment said. “Stuart and Michelle
Cove have been in business
since 1978 and their dive oper-
ation has gained an interna-
tional reputation for offering
world class diving adventures
using state-of-the-art equip-
ment.”

Stuart Cove added: “It has
long been our dream to have a

SIU EAR Caen teed eaten

People gathered on Satur-
day morning at the Bahamas
National Trust’s Retreat Gar-
den to welcome back return-
ing neotropical migrant birds
to the Bahamas.

Each year, millions of birds
travel from North America to
the Caribbean, Central Amer-
ica, Mexico and South Ameri-
ca, said the Trust in.a state-
ment.

“Travelling thousands of
miles, each of these birds
spend over eight months a
year in the warmer climates
before returning to their
breeding grounds in the
spring,” it said. “Habitat loss
on the wintering grounds is a
major threatto this group of
birds.

The Trust, through its IBA
Programme, has identified 44
sites that are important for
birds in the Bahamas, many of
the sites provide important
habitat for neotropical
migrants.



The group found eight
species of warbler in the
Retreat.

They then had a short pre-
sentation on migration and the
neotropical migrants that
spend their winters in the
Caribbean.

Migratory Bird Day is cele-
brated each year by the Trust's
Ornithology Group.

The group organises bird
walks the first Saturday of

. each month and promotes the

conservation of bird habitats
in the Bahamas. The Trust
said that members of the pub-
lic are welcome to participate
in the BNT's Ornithology
Group activities. :

FOR 3 IN 1 LAWN SERVICE
Fertilizer, Fungicide,
Pest Control

Uy CC ECL
322-2157





BNT and Stuart Cove put together ©
partnership for conservation

marine park created in South
West New Providence. We
feel that the Trust, as the man-
ager of the national park sys-
tem, has invaluable experience
and can provide the guidance
needed for a multi-use marine -
park that will protect the coral
reefs and still allow recre-
ational fishing by local
Bahamians.”

“The dive industry injects
millions of dollars into the
Bahamian economy, and
employs hundreds of Bahami-
ans” said Trust executive direc-
tor Eric Carey: “The proposed
large scale developments for the
area make it even more impor-
tant to establish a protected
area. This would offer us the
ability to manage the activities
that are already taking place as
well as proposed developments
as they come to fruition. We
need a protected area not only
to protect the marine environ-
ment, but also to secure
Bahamian jobs, and ensure that
future generations of Bahami-
ans can continue to enjoy recre-
ational fishing activities in the’
area.



FROM LEFT: Tamica Rahming, director of parks for the Bahamas
National Trust; Trust president Glenn Bannister; Stuart and Michelle
Cove, of Stuart Cove’s Dive Bahamas; Eric Carey.

Share your news

The Tribune wants to hear
from people who are
making news in their
neighbourhoods. Call us
on 322-1986 and share
your story.






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PAGE 8, TUESDAY, OCTOBER 9, 2007

THE TRIBUNE



Bacardi park rededicated
and renamed at event

THE Bacardi company and

Minister of Culture Charles:

Maynard rededicated and
renamed Adelaide Park as
West Carmichael Community
Park on Saturday.

The park has undergone
numerous renovations includ-
ing a resurfaced basketball
court, new hoops, new nets,
the Bacardi logo painted at
centre court, a resurfaced
parking lot and refurbished
bus shelters.

In addition, the famous Bac:
ardi bat at the entrance gota
facelift, native landscaping was
added and new playground
equipment — including swings,
slides, see-saws and jungle gyms
— was put in place.

“This facelift comes as a
part of Bacardi's continuing
commitment to the people of
the area which they have been
neighbours to for the past
forty years,” said the company
in a statement. “The park,
located near the entrance: of



CHARLES MAYNARD gave out aa supplies at the dedication of

the Park

the Bacardi facility at the junc-
tion of Carmichael and Bac-
ardi Roads, was also the scene
of distribution of school sup-
plies to the children of the
area. Minister Maynard, MP

for the area, donated the
school supplies as he has done
for years.”

Hundreds of local residents
reportedly attended the park
rededication event and enjoyed

a S

PROPERTIES FOR ey

FAMILY ISLAND LISTINGS

RESIDENTIAL & COMMERCIAL

1. DU
LOT NO. 91
PROPERTY: Single Family Residence
» Property Size: 11,835 sq. ft.
LOCATION: South of the main Dundas Town
Road
APPRAISED VALUE: $1 28,000

2. HAWKSBILL SUBDIVISION
FREEPORT
LOT NO. 152 «
PROPERTY: Single Family Residence
Property Size: 0.12 acres
LOCATION: Northwestern side of
intersection of Inagua Drive & Court #3
APPRAISED VALUE: $82,250

3. HAWKSBILL SUBDIVISION PHASE 1
FREEPORT
LOT NO. 57 ;
PROPERTY: Single Family Residence
Property Size: 5,487 sq. ft.
LOCATION: Abaco Drive
APPRAISED VALUE: $89,000

4. MURPHY TOWN, ABACO
LOT NO. 65 Crown Allotment
PROPERTY: Single Family Residence
Propert Size: 10,000 sq. ft.
LOCATION: Front Street Murphy Town
APPRAISED VALUE: $97,450

5. ADENT FOREST SUBDIVISION
FREEPORT
LOT NO. 25 Block 2 Unit 1
PROPERTY: Single Family Incomplete
Residence, Property Size: 0.34 acres
LOCATION: 250 Yards West of
Midshipman Road
APPRAISED VALUE: $50,000

1, LINCOLN GREEN SUBDIVISION
FREEPORT
LOT NO. 1 Block 12 Unit 2
PROPERTY: Multi-Family Lot
Property Size: 21,108 sq. ft.
LOCATION: Intersection of Langton Avenue
and Fulston Drive
APPRAISED VALUE: $43,000

2. QUEENS COVE SUBDIVISION
FREEPORT
LOT NO. 32 Block 4 Section 4
PROPERTY: Single Family lot
Property Size: 0.25 acres

_ LOCATION: Intersection of Grover Way and

Queens Boulevard
APPRAISED VALUE: $25,000

3. FORTUNE POINT SUBDIVISION
FREEPORT ‘
LOT NO. 15 Block 7 Unit 4
PROPERTY: Single Family Lot
Property Size: 12,075 sq. ft.
LOCATION: Eastern side of Cooper Road
APPRAISED VALUE: $35,000

4. WINDSOR PARK SUBDIVISION
FREEPORT
‘LOT NO. 29 Block 10
PROPERTY: Single Family Lot
Property Size: 0.37 acres
LOCATION: Southern Side of Dartmoor Way
APPRAISED VALUE: $33,000

5. BAHAMIA WEST REPLAT, FREEPORT
LOT NO. 19 Block 20

PROPERTY: Single Family Lot

Property Size: 0.27 acres

LOCATION: Western Side of Perth Court
cul-de-sac

APPRAISED VALUE: $27,000

UEENS COVE, FREEPORT
LOT NO. 5 Block 25
PROPERTY: Single Family Residence
Property Size: 0.22 acres
LOCATION: Along Victoria Lane South of
Whitehall Place
APPRAISED VALUE: $170,000

. BAHAMIA WEST REPLAT SUBDIVISION
FREEPORT
LOT NO. 5 Block 17
PROPERTY: Single Family Residence
4 beds/ 3 baths, Property Size: 0.28 acres
LOCATION: Northern side of a cul-de-sac
called Churchill Court
APPRAISED VALUE: $307,420

. BAHAMIA WEST REPLAT SUBDIVISION
-FREEPORT
LOT NO. 22 Block 16
PROPERTY: Single Storey Residence
Property Size: 16,300 sq. ft.
LOCATION: On Iverness Lane
APPRAISED VALUE: $259,000

. HUDSON ESTATES SECTION tf
FREEPORT
LOT NO. 292
PROPERTY: Single Family Residence
3 beds/ 2 baths, Property Size: 6,250 sq. ft
LOCATION: John Rut Lane
APPRAISED VALUE: $116,000

10.MALIBOO REEF ESTATES SUE WON
FREEPORT
LOT NO. 104
PROPERTY: Duplex / Family Residence
Property Size: 11,866 sq.ft.
LOCATION: Galleon Avenue & Outrigger Ct.
APPRAISED. VALUE: $360,000

VACANT LOTS

6. BAHAMIA WEST SUBDIVISION
FREEPORT
LOT NO. 9 Block 21
PROPERTY: Single Family Lot
Property Size: 12,196 sq. ft.
LOCATION: Schooner Circle
APPRAISED VALUE: $28,000

7. QUEENS COVE SUBDIVISION
FREEPORT
LOT NO. 10 Block 37 Section 9
PROPERTY: Single Family Lot
Property Size: 0.34 acres
LOCATION: Hamshire Road
APPRAISED VALUE: $25,000

8, ROYAL BAHAMIAN ESTATES, FREEPORT
LOT NO. 13 Block 2

- PROPERTY: Single Family Lot

Property Size: 0.34 acres

LOCATION: Northeastern section of
intersection of ascension Drive & Tahiti Drive
APPRAISED VALUE: 29,000

9. BAHAMIA WEST REPLAT, FREEPORT
LOT NO. 28 Block 19
PROPERTY: Single Family Lot
Property Size: 0.25 acres
LOCATION: Northern Side of Columbus Way
APPRAISED VALUE: 26,000

10.ARDENT FOREST SUBDIVISION
FREEPORT oh aah
LOT NO. 11 Block 22 Unit 2
PROPERTY: Single Family Lot
Property Size: 0.35 acres
LOCATION: South Side of Orlando Drive &
Arden Forest
APPRAISED VALUE: $30,000

INTERESTED PARTIES SHOULD SUBMIT OFFERS (INCLUDE TELEPHONE CONTACT AND
POSTAL ADDRESS) NASSAU: CHERRY MISSICK, P. O. BOX SS-6263, PHONE NO. (242) 394-6465;
FAX NO. (242) 393-2883, OR VIA EMAIL: CHERRY.MISSICK@COMBANKLTD.COM
OR FREEPORT: CHRISTOPHER KNOWLES, BOX F-40876, PHONE NO. (242) 352-8307;
FAX NO. (242) 352-8221 OR VIA EMAIL: CHRISTOPHER.KNOWLES@COMBANKLTD.COM
FOR FURTHER INFORMATION. “WE RESERVE THE RIGHT TO REJECT ANY OR ALL OFFERS.

©2007 crsativersiations.net



the festive picnic atmosphere.

The park, commissioned 12
years ago, was the brainchild of
former MP for the area, Frank
Watson, whose dream was
brought to fruition by Bacardi,
headed at the time by Francisco
Carrera-Justiz.

. “We are. very excited about
rededicating the park to the
Golden Isles Constituency,”
said Andy Fowler, Bacardi's
vice president of administration.
“It is a project that we have all
worked very hard at and fully
enjoyed doing.”

As part of its commitment to
the park, Bacardi said it also
has plans to create a walking
path and install additional play-
ground equipment,



BACARDI PARK was officially
rededicated and renamed on Sat-
urday. It is now called West
~ Carmichael Community. Park.
Shown above unveiling a plaque
at the ceremony are Minister of
Culture and MP for the Golden
Isles Constituency, Charles May-
nard and Andy Fowler, vice presi-
dent of administration at Bacardi.
Bacardi & Company Ltd sponsors
the park.



Michael Pintard and David
Wallace are hitting the country
with their latest production:
Election 2007: Count It Again
man, | Say Count It Again.

The show will open in Freeport,
Grand Bahama on Thursday
October 24 and run through
Saturday October 27, at the
Bishop Michael Eldon Auditorium
in Freeport. The cast includes:
David Wallace, actor, producer
and former MP; Wilbert Stubbs,
well known comedian and new
cast member; Tameka Forbes a
new cast member; Michel
Pintard, producer and actor;.and
Patrice Stubbs, a well known
actress and comedian. The cast is
pictured reading the script in
preparation for the show.



































a Box N-7509
ee Bahanias

Marked: Tender No. 643/07
EXTENSION OF THE 33KV SYSTEM:
SOLDIER ROAD — PARADISE ISLAND
SUB-STATION ‘D’ INTERCONNECTOR
NEW PROVIDENCE, BAHAMAS :

BEC reserves the right to accept or reject any or all proposals





For all inquiries regarding this Tender, contact Wayne .
Farquharson at wefarquharson@bahamaselectricity. com

SITE VISIT WEDNESDAY, OCTOBER 10
10 AM BEC ADMINISTRATION OFFICg









THE TRIBUNE

TUESDAY, OCTOBER 9, 2007, PAGE 9



Local personality in

altercation with Rita Cosby

PLP govt

FROM page one

istey Ingraham tabled in the i
House of Assembly last :

Wednesday. The Bills repre-
sent money already borrowed |

and spent by the PLP govern- :
The Prime Minister :
explained to the House at the ;
time of tabling the bills that :
he did so in order to attain ;
for the }

ment,

“legal authority”
actions of the government.

This large sum was accom-
panied by three final appro- :
priation Bills for the 2005/6 :

budget for $67.145 million,

adding to what. was spent for

that year.

A detailed look at the }
spending patterns of the PLP :
reveal expenditure on several’
items that exceed budget allo- :
cations by tens of millions of :
dollars, as was the case for }

Bahamasair.

The 2006/7 capital budget :
allocated $10 million to :
Bahamasair. However, an
additional $16.52 million was :
spent on the airline. In the first :
capital expenditure contin- :
gency warrant, the govern- :
ment spent $1.138 million for :
retroactive pay for union con- }
‘tracts; $8.8 million for emer- |
gency funding; and nearly }
$1.989. million for salary }
adjustments and increments. :
In the fourth capital request ;
tabled, another $4.594 million ;
in emergency funding is again :

advanced to the airline.

The Public Health Authori-
ty also required significant sup- :
plementary funding last year. :
The budget initially allocated }
$13.07 million to the PHA for :
supplies and materials. The :
government then paid out an }

. additional $6 million for these :
expenses On one occasion, and }
another $15.975 million on }

another, totalling $21.975 mil-
lion over the budget.

The PHA received another :
$1.539 million in capital fund- :
ing for renovations and ;}
improvements of hospitals and ;
medical facilities, bringing the :
total of government’s recur- :
rent and capital costs to ;

$23.514 million over budget.

The use of supplementary :
requests for the.funding of }
school repairs too was signifi-
cant. The bills reveal that .at ;
least-an additional $28.7 mil- :
lion was spent on school }
upgrades and repairs. The :
money was spent for school }
improvements both on New :
Providence and the Family }
Islands. Some of the schools }
repaired with these funds :
included SC McPherson; St :
George’s, Freeport; Salina :
Point, Acklins; LN Coakley, :
Exuma; Rokers Point, Exuma} :
and Arthur’s Town, Cat }

island.

The National Education
Guaranteed Fund — used to
fund loans to students for uni-
versity — was also allocated
$6.8 million in additional
funds. The budget provided
for $2.5 million for the fund.
The additional funding repre-
sents nearly three times more
than was budgeted.

The government has a $20
million overdraft available to
it beyond the approved bud-
get. However. government has

to go back to parliament for:

approval: to borrow any
amount over $20 million.
_ If it is necessary for the
Ingraham administration to
seek legal approval from par-
liament for more than $170
million in supplementary
. appropriation bills, then the
previous government must
have already spent the $20 mil-
lion overdraft available to it,
in addition to the large
amount recorded in the tabled
bills.
Large supplementary spend-
ing of this nature demonstrates
poor planning by the former

government, one official told -

The Tribune, and it does not
allow the state to raise the nec-
essary taxes beforehand to
compensate for the expendi-
ture.

Another government offi-
cial, who wished to remain
anonymous,:told The Tribune
that the spending habits of the
PLP, and the lack of legal
authority to do so, will be a

major issue in the House in _

the weeks to come,

. The source did not wish to
comment further on the issue,
stating that he will reserve his
comment “until such time.”



FROM page one

The altercation broke out
outside the exclusive resort
where Ms Cosby was staying
with a friend, Tom Bednarek,
when Mr Bain noticed a
recording device in Mr
Bednarek’s pocket when he
met with them.

When Mr Bain first took the
device from Mr Bednarek’s
pocket to take a closer look,
Ms Cosby tried to take it back
from him, stating that it was
her “personal phone”, and not
a recorder.

She then followed Mr Bain
across the resort's car park,
screaming that he had to
return the device to her.

The item, later seen by The
Tribune, was a digital record-
ing device.

As Mr Bain was followed
by Ms Cosby and Mr
Bednarek, Sandal’s security
were alerted, and Mr Bain
claims to have locked himself
in his car for “protection.”

Police then arrived on the
scene and a report was made.
Mr Bain alleges that Ms Cos-
by’s companion told the police
that the altercation was
between himself (Mr
Bednarek) and Mr Bain’s
assistant, Jermaine Humes,
not between Ms Cosby and
Mr Bain.

Yesterday, Supt Burkie :
Wright, officer in charge of

the Cable Beach police sta-
tion said that officers had
received a report and went to
Sandals, but were told that the
dispute was “over a misun-
derstanding with his (Mr
Bednarek’s) driver Jermaine
Humes.. conccrae a missing
bag.”

“The matter was settled and
we were told no further police
intervention was required,”
said Supt Wright.

Questioned yesterday about
the altercation, Ms Cosby
admitted it had occurred but
said it was because she was
“uncomfortable” about the
fact that Mr Bain had asked
her for money to meet with
the nannies. Mr Bain denies
that this is the case.

Ms Cosby is currently being

Claim that staff



RITA COSBY and her associate Tom Bednarek after speaking to the media yesterday.

sued for $60 million by the
late Anna Nicole Smith’s part-
ner Howard K Stern over
numerous allegations made in
her book about him, and
about an alleged relationship
with Larry Birkhead.

A key passage suggestive of
this relationship is on page 204
of the book — currently at
umber 28 on the New York
‘Times bestseller list.

The book claims that the
nannies said they had, while
at work in her Bahamas home,
witnessed Anna Nicole watch-
ing a video of the men “over
and over again.”

The nannies’ lawyer, former
registrar general Elizabeth
Thompson, claims that the
nannies never made any state-
ment concerning any rela-
tionship between Mr Birkhead
and Mr Stern at any time.

Ms Cosby admitted yester-
day in an interview with The
Tribune, that she has in fact
never met the nannies but
now feels it is “important”
that she does.

Meanwhile, further infor-
mation has surfaced about the
purpose of Ms Cosby’s visit to
the Bahamas this weekend.

Ms Cosby told The Tribune
that she had come to the
Bahamas because she was told
there were affidavits sworn by
the nannies which supported
her claims.

“We were told specifically
that there were affidavits con-
firming Howard and Larry
and that’s why we thought it
was important to come here,”
said Ms Cosby.

It is understood that she is
being sued over these allega-
tions.

Ms Cosby, however, alleged
that Mr Bainthad asked -her
for money to meet with the
nannies, but because of the
legal proceedings against her
she could not be seen to be
giving money to the nannies.

Mr Bain contends that he
never asked for Ms Cosby to
pay the nannies to meet with
them, but that he had asked
Ms Cosby to pay for the nan-



nies’ expenses; including the
cost of the hotel room where
the meeting was to take place
and their legal fees.

Having been originally
scheduled to leave the island
on Sunday, and failing to meet
with the nannies by that date
Ms Cosby then contacted Mr
Bain and, through Mr
Bednarek, said that she had
an offer for the two women.

She changed her flights and
requested a meeting, which
took place yesterday at a.loca-
tion off Soldier Road.

During that meeting Ms
Cosby said that Mr Bednarek

. could arrange a $15,000 inter-

wiew. between the nannies and

Tim Clarke/Tribune staff

had not anticipated. appearing
after the meeting — that she
personally was not intending

-to “pay (the nannies) a

dime.” t

After being questioned by
the media about the purpose
of her meeting with Mr Bain
she was then seen leaving the
area in a hurry with her com
panion, flagging down a pass-
ing vehicle which, after a brief
discussion, drove the pair
away.

Asked yesterday to what
extent her visit was as a result
of the lawsuit against her, Ms
Cosby did not deny this to be
the case.,claiming. however»
‘thatshe.Salso wanted-to.do it

USentertainment magazine? siin-caseiwei(she and Mr. Bain),

In Touch Weekly.
Questioned by the nannies’
attorney Ms Thompson as to
whether her desired meeting
with the nannies was because
she wanted to “validate (her)
book”, Ms Cosby allegedly
said: “That’s some of it.”
Later, Ms Cosby stressed to
gathered media — who she

Rita Cosby claims she was ‘set up’

FROM page one

changed their story and that they were soliciting money.”






requested police
raid on gay event

F ROM page one

tourists, who had arrived on a boat with hundreds of other gay vis-
itors earlier that day. Some'locals were also present.

She claimed that officers, Some armed with machine guns,
“harassed and menaced” those attending the event and yet failed to
charge anyone present wtih any offence,

‘The Hard Rock Cafe employee said that staff had been con-
cerned about the gay party taking place ever since they had found
out about it earlier in the week. They had taken their’concerns to
the yenue’s owner and the Christian Council.

However, they had been told by their bosses that “if you are.
scheduled to work you will have to work.”

Therefore, the employee said that when the event went ahead she



felt compelled to call the police.

A group of around 30 officers airived at around lam, and
searched the building

An exotic dancer on stage at the time they entered the premises
was, according to reports from patrons, stopped from performing
and “interrogated” for two hours by officers.

Wearing a skin-coloured bikini at the time, she was taken off the
stage. It was claimed that the officers refused to let her put her
clothes back on,

Sunday’s source said that one officer was carrying a camera,
which he used to photograph the patrons in what the source
described as a move to “out” them.

Yesterday, the same source denied that any men had been naked
in the club, apart from perhaps their changing room area, which was
the kitchen.

This partially corroborated the claims of the staff member, who

~ said that naked men were “running around inside the kitchen and

the restaurant.”
She said that the employees are fighting to become unjonised pre-
cisely because of concerns such as Saturday night’s incident.



To the arrest or Conviction of person or persons
‘connected with the Arson at Port Delmer on

September 30th 2007.

Contact Fire Investigation at

Ph# 302-8039
302-8040



—_~

Ms Cosby. said, however, that her allegations about Howard K
Stern and Larry Birkhead — now the subject of a legal action in the
United States —- were borne out by other sources and that she had
no fears about court proceedings.

The former MSNBC reporter, who was accompanied by a man

- she declined to identify, said: “We came down here with the best of

intentions, but as soon as 1 saw them they pezan asking about









money.

“T said I could not pay them because I was in the middle of all this

legal stuff.

“Lincoln Bain, who was representing the maids, told me specif-
ically that everything i in my book was true. I feel there has been a
change of heart and you have to wonder why. You have to wonder

at the motivations behind it.

“They told me they had a lot more information to further cor-
roborate what | said in my book. No journalist would turn their back

on that.

“T told them there was no way [ could pay them anything Because
of the lawsuit. However, I did say I would be happy to make a refer-

ral. I feel | have been set up.’

Ms Cosby said she was particularly shocked because she and Lin-
coln Bain had co-operated in a Controversy. TV programme over

the weekend.

He had suggested doing an interview for the show and she had
agreed “because I thought it would be fun.”

FROM page one

At a press.conterence at

Gambier House on Sunday, Mr

Roberts, accompanied by
Opposition leader Perry
Christie and other senior PLPs,
told the media that the “selec-
tive” and “tendentious” quot-
ing by Minister Deveaux of the
aforementioned audit was sim-

ply a “destructive” tactic to jus-

tify the FNM’s cancellation of
contracts set in place by the for-
mer administration before the
2007 general elections.

Senior PLPs termed the audit
as deficient and stated their
intention to call for an “objec-
tive” teview of the audit by the
Public Accounts Committee.

Minister Deveaux refuted
these statements made by the
PLP, stating the facts regarding
the matter were “evident.”

“In reading excerpts from the

report in Parliament (the gov- .

ernment) was responding to
some questions posed over con-
tract cancellations. We
answered the questions posed

Minister
to us over which contracts were
cancelled and gave explanations
as to why.

“What I read was essentially
the executive summary of the
audit. Now if that is ‘selective’
then what is the value of an
executive summary?” he asked.
“The whole report will be
tabled (and introduced into Par-
liament) and the public can
judge whether I was being selec-
tive or not.”

The audit which was per-
formed in October 2006 on
behalf of the Auditor General
revealed that three quarters of
all high value contracts issued
by the former government were
negotiated, rather than “put out
to bid.”

The report saw this as a “seri-
ous concern” stating that con-
tractor selection was not per-
formed “in an open, transpar-
ent, or fair manner.”

Minister Deveaux told The
Tribune that the audit referred

s















wanted to do future projects.”

She added that one of her
primary intentions was that
she would have been able to
“help the nannies get their sto-
ry out.”

The episode of Controver-
sy TV on which Ms Cosby
appears is scheduled to air
Thursday evening.

Search for pair
FROM page one

was in another part of the
building. The screams also
appear to have unnerved the
culprits, who amidst the
commotion, fled the bar.on
foot before getting anything
from the staff or patrons.

_. Officers on mobile patrol
identified a vehicle speed-
ing away from the scene,
according to Chief Supt
Basil Rahming. Police
chased the suspects. The
officers forced the vehicle
to stop, however, the cul-
prits jumped out and
escaped of foot into nearby
bushes in the city area
before police could appre-
hend them.

Upon search of the vehi-
cle, police discovered two
shotguns and a number of
cartridges. The vehicle has
been impounded for further
investigation.








to multiple contracts that did
not go out to bid. They started
at more than $250,000 and
ranged up to and included the
contract for the $16 million

Tonique Williams Darling
Highway.

“The government does a lot
of contract work, many, many
people feel disadvantaged,
politically and otherwise, by not
benefiting from some of the
work,” Mr Deveaux said. “]
personally have difficulty pick-
ing and choosing who should
get government work other
than hrough a contract bidding
system.”

In keeping with its Trust
Agenda, the FNM is proposing
to host a contractors fair, Min-
ister Deveaux said.

This will showcase the impor-
tance of the process of contract
bidding in the construction
industry and to instruct “inter-
ested parties” on how the
process works.

He ‘added that the govern
ment will be “transparent” dur
ing the process.

‘



PAGE 10, TUESDAY, OCTOBER 9, 2007

THE TRIBUNE





Beauty queens turn out
for Atlantis weekend
of entertainment

A SIZZLING weekend of
sophisticated partying, beauti-
ful people and out of this world
entertainment kept Atlantis’
guests entertained as the reign-
ing Miss Universe Riyo Mori,
Miss USA Rachel Smith and
Miss Teen USA Hilary Cruz
descended on the mega resort
during the Atlantis Live Week-
end.

During their stay at Atlantis,
the three beauty queens were
hosted to a fabulous weekend,
the highlight which included a
concert by renowned British
soul, R&B and blues singer,
songwriter, actress and Gram-
my Award winner Joss Stone
on Friday September 28.

While at the resort the young
ladies were wined and dined
and had an opportunity to enjoy
the famous waterscape and
exciting nightlife at Atlantis.

They were also hosted to din-
ner at Mesa Grill at the Cove

¢

Joss Stone launches concert events



Atlantis, as well as a night at
Aura Nightclub in the Atlantis
Casino.

The beauty queens.also had
an opportunity to interact with
dolphins at Dolphin Cay.

“Tt was like my dream come
true,” said Riyo. “I love ani-
mals, I have never touched dol-
phins.. . we had the pest time
ever.”

Sharing similar sentiments
was Miss Teen USA. “I loved
that it was just our group, and
there was a dolphin for each of
us, it seemed like. It was so
much fun, I would definitely do
that again.”

“It has been amazing, I have
heard so many things about
Atlantis and it’s wonderful to



Telephone: 322-4433, 326-7030
Nassau Street, P.O.Box N-1026

MEMORIAL SERVICE FOR THE LATE

PATRICK GEOFFREY LOCKHART, 61

of Theodore Lane will be
held on Thursday October
11th 2:00 p.m. at St. Mary
the Virgin Anglican
Church, Virginia Street.
Rev. Canon Warren Rolle
will officiate. Interment
will be made in St. Mary’s
Church See

“memory ean
daughters, Patrice
Lockhart-Stubbs,
Shavonne and Melissa
Lockhart; sons, Troy and
Phillip Lockhart; sisters,
Royann Gloria Lockhart-Greenslade, Linda Thompson
and Shelly Davis; grandchildren, Michael Stubbs Jr. and
.| Mia Stubbs; son-in-law, Michael Stubbs Sr.; sisters-in-
- law, Brenda Lockhart, Dorothy Seymour, Sylvia Turnquest,
Gwen Bain, Carolie Grant and Edith Burns; brothers-in-
. law, Gregory Thompson, Jack Davis and Edward Seymour;
uncle, Grover Moore of Brooklyn, New York; special
friend, Mirle Smith; numerous nieces and nephews
including, Braquelle and Chaavis Newton, Marquista and
Laverne Thompson, Greer, Keah and Jessica Thompson,
Traverse Robinson, Jacqulette and Jawayne Davis, Charles
Lockhart Jr., Jamal Lockhart; goddaughter, Michelle
Taylor; cousins, Clement and Janice Longley, Basil and
Carolyn Longley, Anthony and Jackie Longley, Helen
and Barry Forbes, Walter Lockhart Jr., Arthur and Tina
Lockhart, Kino and Stancia Lockhart, Toriano Lockhart,
Debbie and Bruce Johnson, Andrew, Joy and Valerie
Moore (NY), Ruthie and Gloria Bushell and families
(NY), Jasmine Cartwright, Sandra and Joseph Lewis,
Andre and Sonia Greenslade, Anthia Williams and family
(Freeport); other relatives and friends including, Sidney
* and Brenda Bain and family, Bernard Rolle, Hartman
Johnson and family, Harry Horton and family, Nathaniel,
Elizabeth, Albury Dean and family, Eddie Williams,
Reggie Campbell, Teddy and Mavis Johnson, Gregory
Stuart and family, Tommy and Henry Cleare (USA),
Patrick Edwards, Hewitt Stuart and family, Mr. Stuart,
Theophilus Glinton and family, Sharon Storr, Stanley
Wissort, Prescola and Patsy Lockhart, Jackie Wallace,
Joe Cartwright, Maquella Smith, Terry and Dorothy
Goldsmith (Freeport), Cassie Edwards and family, Barbara
Lockhart, Joanna Rolle, Helen Bhagwandin and family,
Dorothy Seymour and family, Randolf Turnquest and
family, Edward Seymour, James Bain and family, Felix
Grant and family, Edith and Eugene Burns and family, -
Gina, Gloria, Joseph, Betty Joe, Shelley, Dario and Mallie
Smith, Shirley Cartwright and family, David and Eloise
Colebrooke, Michael and Maria Symonette and family,
Valentine and Thelma Grimes, Cassandra Grimes, Anna
Colebrooke and family, Nurse Eloise Nichols, Francis
Burnside and family, Louise Gibson and family, Audrey
Fountain, Ayres Mortimer —Neely and family, Patricia
Bethel, Margueritte Horton, Vivian Armstrong, Mr. and
Mrs. Cyril Hanna, Una Curtis and family, Ernest Strachan,
Neville Bethel, Jane Bethel and family, Kendal and Ruby
Nottage and family, Randolph Cleare and family,
Margueritte Roberts and Henderson Hinds, Mr. and Mrs.
Bill Wallace and family, Hesley Thompson, Watson
Construction, Adler Minus Construction, Andrew Longley,
Cabbage and friends, The Higgs family, Angie Johnson,
Deann Huyler, Mary Marshall, Kim Butterfield, Merlene
Ferguson and family, Elizabeth Clarke, Delly Rolle, Fr.
Rolle and the St. Mary’s Church family and the entire
West Street, Augusta Street and Theodore Lane community,
Doctors at P.M. H: Dr. Pratt, Dr. Seville, A & E, Oncology,
Male Medical and Surgical, Sister Stephanie Poitier.

Friends may pay their last respects at Bethel Brothers
Morticians, #44 Nassau Street on Wednesday from 10:00
a.m. to 6:00 p.m. and on Thursday at the church in from
12:30 p.m. until service time.



Bethel Brothers Morticians

actually be here to experience it
for myself,” said Miss USA.
“It’s gorgeous. I mean to look
out my balcony and to see the
bluest water, the bluest sky, a
great lounge area, pools, the
water parks, the dolphins, it’s
just amazing.”

The recent and upcoming
concerts are a joint promotion
partnership between Atlantis,
Paradise Island and the Par-
adise Island Tourism and

Development Association (PIT-

DA).

Under the theme: “Atlantis
Live!” Kerzner’s Special Events
and Entertainment Department
has promised three amazing
weekends of concerts, clubbing
and gambling. Atlantis promis-
es two more equally exciting
weekends on October 19 to 20
and December 7 to 8.

On October 19, the Grammy
Award winning band Maroon
5 will perform for an audience
of 2,500 people in the Imperial
Ballroom.

On October 20, Miss Italy
Valentina Massi, will charm the
crowd in Aura; and Miss Rus-
sia, Tatiana Kotova and Miss
Czech Republic Lucie Hadaso-
va, will be the hostesses of Cain

‘at the Cove on Friday and Sat-

urday.

MISS UNIVERSE
Riyo Mori, Miss USA
Rachel Smith and

Miss Teen USA Hilary .

Cruz enjoy a special
sunset party at Cain

at The Cove, Atlantis



Summer
Special
$19,495













“Totally Yours,
Totally Yaris

Rocking the resort Decem-

ber.7 to 8 will be soul, jazz and.

R&B singer Amy Winehouse,
known for her newest hit sin-
gle “Rehab”.

The MTV and BRIT Awards
winner will perform for an audi-
ence of 1,500 people in the
Imperial Ballroom on Decem-
ber 8.

Bringing the house down in
Aura will be Tommy. Lee.and
DJ Aero on the December 7;
and Miss Columbia Eileen
Roca, Miss Australia Kimberley
Busteed and Miss New Zealand
Laural Barrett will join guests of
Cain at The Cove on Friday and
Saturday.





















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RENOWNED BRITISH artist and Grammy Award winner Joss Stone
raises the tempo in the Imperial Ballroom.



Costa Rica
narrowly |
backs US|
trade deal

@ COSTA RICA
San Jose

COSTA Rica prepared on
Monday to join a controversial
free trade agreement with Cen-
tral American neighbours, the
Dominican Republic and the
US after a thin majority appar-
ently backed the pact in a
national referendum, according
to Associated Press.

But even Sunday’s vote on
the Central American Free
Trade Agreement did not end a
yearlong battle over the agree-
ment.

Opponents said they: will wait
for a mandatory recount, set to
begin Tuesday, before recognising
the referendum’s results. The bal-
lot-by-ballot recount is required
by Costa Rican law, and can last
no longer thari two weeks.

With 97 per cent of precincts
reporting Monday, 51.5 per cent
of Costa Ricans voted in favor
of the trade deal, which is
known as CAFTA.

Costa Rica was the lone hold-
out among the six Latin Ameri-
can nations that now constitute
the trade bloc. The pact has
already taken effect in the
Doniinican Republic, Guatemala,
Honduras, Nicaragua and El Sal-
vador.

The White House kept a
close eye on Sunday’s election
results, having fought a bruis-
ing. pohtical battle\to get the
deal ratified | by the US Con-
gress in 2005, when \it passed
the House of Representatives
by just two votes.

Washington last week urged
Costa Ricans to recognise the
treaty’s benefits and vowed not to
renegotiate the terms of the deal
if voters rejected it. US officials
also suggested they might not
renew other trade preferences
now afforded Costa Rican prod-
ucts, set to expire next Septem-
ber, if the pact is not approved.

Costa Rican President Oscar
Arias called the trade deal cru-
cial to industry in the Central
American nation of 4.5 million
people.





The Government of the Commonwealth of the Bahamas in collaboration with Ca-
ribbean Telecommunications Union hosted several statutory meetings in The Baha-
mas last week.

The meetings were held at The Royal Bahamas Police Conference Centre on East
Street. The meetings included a workshop on Number Portability for the Caribbean
which was presented by Telcordia. Minister of State for Finance, The Hon. Zhivargo
S. Laing gave the address during the opening ceremony of the 17th Executive Council

Meeting on Wednesday morning. The CTU also hosted a Strategic Ministerial Forum

on Thursday afternoon. The 10th General Conference of Ministers was officially
opened by Prime Minister and Minister of Finance, The Rt. Hon. Hubert Alexander
Ingraham on Thursday evening. Delegates were treated to a “break away’ closing
dinner held at British Colonial Hilton on Friday.

The CTU was established in 1989 by Heads of CARICOM Governments to aid in
rationalizing the telecommunications policy framework for the region and to address
the problems of regional spectrum frequency incompatibilities. In recent times, the
CTU has emerged as the primary facilitator for the formulation of Caribbean ICT
policy and a major contributor to the development of CIT capacity within the region. Local and foreign delegates take part in a

For more details on CTU, please feel free to visit the website at www.ctu.int . ete felecordia. fulness Rerrabilty pres



CTU CTU secretary Gena per”
nadette Lewis addresses the
opening of the CTU's 17th
— Council Meeting

1 OFFICIAL OPENING
_ 10th Genera! Co

olice Force Bands plays af the ey cin Delegate To) un
: CT's. 10th ve Conférence of of ster of Finance Hol air ‘Fre an. Bive Mulings BIC Chama ian Francis ,
.. ty Ge ernadeite Let TC President & ( ( Leon Williams.

: Ns eed D 4 www hamas.com
: | y | - ys



—_



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FROM left: Butch Kerzner,
Vanessa Kerzner, Harry MePike and
Joann MePike in South Africa.

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The Tribune family





se

TUESDAY, OCTOBER 9, 2007

SECTION

business@tribunemedia.net



i
i
'
j



The Tribune

BUSINE



Sasa

HELPING YOU CREATE AND MANAGE WEALTH

NASSAU OFFICE
Tel: (242) 356-7764

. FREEPORT OFFICE

Tel: (242) 351-3010





_ Mayaguana deal may |
breach Hawksbill Act.

- @ By NEIL HARTNELL

Tribune Business Editor

THE former Christie admin-
istration’s decision to replicate
Freeport and the Grand
Bahama Port Authority
(GBPA) through the $1.7 bil-
lion Mayaguana development
was yesterday branded “fool-
hardy”, with the project’s
investment incentives poten-
tially breaching the Hawksbill
Creek Agreement.

Christopher Lowe, the
Grand Bahama Chamber of
Commerce’s president, told
The Tribune that the Govern-

- ment appeared not to have

learnt the lessons stemming
from Freeport’s current prob-
lems, and the fact that the
Hawksbill Creek Agreement
had notr developed the city into

what had been envisaged in.

1955.
Mr Lowe said of the Heads of
Agreement signed with

_ Mayaguana Island Developers,

the 50/50 joint venture between

¢ Grand Bahama Chamber president brands plan to
replicate Freeport ‘foolhardy’, as city’s problems
not solved and likely to be replicated

¢ Concerns incentives granted to I-Group/Hotel
Corporation joint venture may excced those for
Freeport and contravene Act



the Hotel Corporation of the
Bahamas and the Boston-based
I-Group: “It’s foolhardy and it’s
going to be fraught with the
identical problems that Freeport
has had overt the last 50 years,

which are now being exempli- .

fied by the implosion within the
Port itself.

“It is amazing that they
would go and repeat this
experiment and not make any
attempt over the last 50 years
to rectify the problems of

Freeport, but plunge head and
repeat it elsewhere. I’m
assuming we’re going to have
another Freeport, problems
and all.

Infrastructure

“We have yet to figure out
that the incentives granted 50
years ago have not helped. It
has allowed the Port to put
some infrastructure in, but it

has not turned Freeport into the
mega destination it was sup-
posed to become.”

Setting aside what Hutchison
Whampoa had put in at the
Freeport Container Port,
Freeport Harbour Company,
Grand Bahama International
Airport and elsewhere, Mr
Lowe said little infrastructure
had been added to Freeport

- over the past 30 years.

SEE page 5B

Bahamas ‘outmarketed’
over tourism product

@ By NEIL HARTNELL
Tribune Business Editor

THE Bahamas is being “out-
marketed” by many of its main
tourism rivals, a leading hotel
industry executive told The Tri-

buné, with this nation needing

to deliver a “high value” prod-

uct to counteract the sector’s

high costs.

Frank Comito, the Bahamas
Hotel Association’s executive
vice-president, said the
Bahamas had “to get more
aggressive” on marketing its
tourism. ee given the

Must deliver ‘high value’ for money
to offset high costs and prices



efforts made by rival destina-
tions such as Cancun, Cozumel
and other Caribbean states.
Speaking in the wake of a
Caribbean Hotel Association
(CHA) study, which warned
that high construction, utility
and labour costs were severely
impacting hotel profitability

Fisheries. ‘clearer on EPA

‘@ By NEIL HARTNELL

Tribune Business Editor

THE Government has come
to a “clearer understanding”
with the Bahamian fisheries
industry on its approach to the
Economic Partnership Agree-
ment (EPA) following a meet-
ing last Friday, the minister of
state for finance said yesterday,
with an industry representative
appointed to the Trade Com-
mission.

SEE page 4B

Broad trade
policy the
‘priority’,
with Trade
Commission
‘playing a
huge role’

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across the region, Mr Comito
said maintaining and refreshing
the Bahamian tourism product’s
quality was “our biggest chal-
lenge”.

He added: “The costs of
doing business in the Bahamas
are high, and it’s reflected in
the fact that the number one

EQUITY PLAN

YAO eS

complaint visitors have about
the Bahamas is the high prices.
“The reality is it’s difficult to

address many of these high .

costs, which means that if we’re
going to be high cost, we’ve got
to be high value.

SEE page 2B

i poses,
reserves also contracted as”

BALANCED PLAN

Economic growth
down on 2006

@ By NEIL HARTNELL
Tribune Business Editor

ECONOMIC growth was
“more subdued” and below
prior year comparisons for
August 2007, a Central Bank
of the Bahamas report has
revealed, with total hotel
room revenues for the 2007
first half relatively flat, only
0.3 per cent ahead of 2006 at
$226.4 million.

The Central Bank’s conclu- |
sion, in its report on monthly

economic developments for
August 2007, that the Bahami-
an economy expanded “at a
more subdued pace in August
in comparison to the previous
year” is likely to come as little
surprise to many businessmen
and economists.

The Bahamian business

: - community is still in ‘wait and
' see’ mode, trying to gain a

sense of direction from the
Government on its economic

i - policies and priorities, espe-

cially what will happen to pro-
posed multi-billion investment
projects such as Albany, Baha
Mar and South Ocean.

As a result, it is not surpris-
ing that, according to the Cen-
tral Bank, there has been “a
levelling off in foreign invest-
ment activities, softened
tourism flows and a slower
pace of growth in consumer
demand”. -

Developers, too, are wait-
ing to assess the new govern-
ment’s attitude towards their
investment projects.

Commercial bank liquidity,
meaning the amount of sur-
plus assets in the system avail-
able for onward lending pur-
and the external

Bahamian dollar credit
expanded.

The decline in total visitor
arrivals, with numbers off by
6.5 per cent at 2.43 million for
the 2007 half-year, air and sea
arrivals to the Bahamas down
by 7 per cent and 6.3 per cent
respectively, had negated the
impact of higher Bahamian
hotel room rates.

While total room revenues
for Bahamian hotels were up
by 0.3 per cent to $226.4 mil-
lion for the 2007 first half, a
10.3 per cent increase in aver-
age daily room rates to
$198.11 per night was heavily

i

12 Months to July 2007

PAW ALUSILOY LAL 1

Economy’s
August

srowth ‘more
subdued’,
with hotel
room revenues
up 0.3% at
$226m despite
9% drop in
rooms sold

negated by a 9 per cent fall in
the number of hotel rooms
sold.

The Central Bank report
said: “On a disaggregated
basis, revenue from the largest
hotels in New Providence and
the Family Islands grew by 2.4
per cent and 0.7 per cent,
owing to respective increases
in average room rates of 10.7
per cent and 5.5 per cent.

“However, lower occupancy
levels offset accretions to
average room rates to occa-
sion an 11.2 per cent drop in
room revenues for Grand
Bahama.”

The impact on consumer
demand during August mani-
fested itself in an 11.1 per cent
contraction in private sector
credit growth to $70 million,
with commercial loans down
by $i million compared to
$32.7 million growth in 2006. |

Mortgage growth, though,
doubled to $41.1 million,
while consumer credit
expanded by 11.1 per cent to
$29.9 million.

For the eight months to
August 2007, Bahamian dollar
credit growth was down by
25.9 per cent to $364.7 mil-
lion. Private sector credit
growth was down by 30.1 per
cent to $321.4 million, as con-
sumer credit and mortgage
growth both fell by 12 per
cent.

SEE page 5B

5.32%

FIXED INCOME PLAN





PAGE 2B, TUESDAY, OCTOBER 9, 2007

THE TRIBUNE



a
Striving for the education summit

AST week, I had the

occasion to speak to
a former Cabinet Minister and
a former graduate of the 'old'
Government High School
(GHS). In our conversation,
he specifically recalled an arti-
cle that I wrote more than two
years ago about GHS and
urged me to consider reprint-
ing it as many of his. past
school mates did not see it at
the time. In deference to my
senior, I felt it would be fitting
to oblige.

The original centred on the
banquet celebrating the 80th
Anniversary of GHS, and I
wrote: “As a non-GHS grad-
uate, I found the sociology of

the occasion to be quite an -

experience in itself. It is abun-
dantly clear that the GHS, the
venerable institution that it





BETWEEN



TO: RODERICK BAIN
TAKE NOTICE that:

August 2007.

1978.

Requisites;

COMMONWEALTH OF THE BAHAMAS
IN THE SUPREME COURT

Common Law and Equity Division

COMMONWEALTH BANK LIMITED
AND

RODERICK A. BAIN

1.A Summons and Supporting Affidavit both filed on
the 4th of December 2006 have been issued against
you in the Supreme Court of The. Bahamas being
Action No. 2006/CLE/gen/0476 by Commonwealth
Bank Limited, the Plaintiff herein. The Hearing date
of the. Summons has been adjourned and is now
set to be heard on the 13th day of November A.D.,
2007 at 12 noon before Deputy Registrar Ernie
Wallace whose chambers is located in the British
American House, 3rd Floor, Marlborough: Street,
Nassau, Bahamas. Details of the claim are set out
in the Affidavit of Randol Dorsett filed on the 27th of

2. On the 4th day of October A.D., 2007 the Court
ordered that the Summons and Affidavit are deemed
to be served on you by this advertisement.Otherwise
Judgement will be entered against you pursuant to
Order 73 rule 3 of the Rules of the Supreme Court

Dated the 5th day of October A.D., 2007

Graham, Thompson & CO.,
Chambers,
Sassoon House,
Shirley Street & Victoria Avenue,
Nassau, Bahamas
- Attorneys for the Plaintiff

was, produced a most impres-
sive list of Bahamians from all
walks of life who made, and
are making, significant contri-
butions to national develop-
ment.”

Conversations

Mo conversations
at the banquet

seemed to squarely point to
the fact that there is a func-
tional distinction between the
two incarnations of GHS.
Firstly, there is the 1925 to

- 1977 edition that was housed

at Nassau Court and Poin-
ciana Drive respectively (the
grammar school version), and
the post-1977 edition, which
is currently housed in Yellow
Elder Gardens subdivision
(the public school version).






2006/CLE/gen/00476









Plaintiff









Defendant






















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It is evident that the pre-
1977 genre of GHS students
does not regard themselves as
a homogeneous group with
their post-1977 counterparts. I
believe that such distinction
has more do with levels of aca-
demic standards and achieve-
ment within the institution, as
opposed to any other fac-
tor(s).

In the 1970s, our policy-
makers at the time began to
shift philosophy and had sec-
ond thoughts about continu-
ing with a grammar school sys-
tem at just one institution
within the overall public edu-
cation system. Why should
GHS students have better
resources (teachers, supplies,
environment etc) than stu-
dents say, at Eastern Senior
School? Why should students
at one public school have
almost exclusive access to the
top jobs within the civil ser-
vice? Why should the acade-
mically bright students living
in our Family Islands have to

As a nation, we must give
tremendous credit to the var-
ious religious denominations
and independent organisations
which, over the years, stepped
up and created their own edu-
cational systems. These offer a
first-rate education system to
ensure the orderly develop-
ment of our nation.

While this article may gen-
erate much criticism, I simply
ask how many politicians,
senior government officers
and public school teachers
have their children in the pub-
lic school system. I funda-
mentally believe that the
answer to this basic question
tells a story that we prefer not
to discuss.

The Bahamas as a nation is —

fortunate to be producing
world class scholars, primarily
through the private school sys-
tem. But my question is: Why
can't we have at least one pub-
lic institution that is as good as
- or better than - any private
school in the country?



I, along with countless Bahamians, truly
question whether it was the correct decision
to take a proven institution, with a track
record of accomplishment, and transform it
into any other institution within the public
education system producing mediocre

results on average?



relocate to Nassau for,a hand-
ful of places at GHS?

Questions

| hese and many others

are very valid ques-
tions indeed. But I, along with
countless Bahamians, truly
question whether it was the
correct decision to take a
proven institution, with a track
record of accomplishment,
and transform it into any oth-
er institution within the public
education system producing
mediocre results on average?
Is the country really better
served by a public school sys-
tem that is totally and uni-
formly mediocre?































A.good education should
not just be available to those
students whose parents can
afford to pay anywhere from
$3,000 to $12,000 per annum
for a High School education.
Is this really fair to a barefoot
student in Cat Island who has
an excellent brain, but whose
family is of limited financial
means, that the Government
does not provide a single
school that he can obtain a
place in by open competition
that will allow him to reach
his full potential?

It's time to right a wrong

I have been personally
told by former GHS



principals, Cabinet Ministers,
Permanent Secretaries, edu-
cators and many other promi-
nent Bahamians that the deci-
sion to effectively discontin-
ue the ‘old GHS’ was a great

_ mistake. We need to admit

this mistake as a nation and
then move on and create a top
notch, government financed
high school that will provide a
world-class and challenging
environment for our academ-
ically gifted students within
our public school system. Let's
systematically start with one...
then two... and so on until we
have an improved public edu-
cation system.

The old GHS went all the
way to General Certificate of
Education (GCE) Advanced
Level examinations. I submit

_ that the new GHS could go

back to an 'A' Level pro-
gramme or adopt the new
International Baccalaureate

school graduates annually at
that standard, the future of
our country would be very
bright indeed.

Throughout this article, I
avoided perhaps the most
consistent argument against
the old GHS, which was that
it perpetuated an elitist sys-
tem.

Well, when I look around
at the majority of the coun-
try's professionals today, it is
absolutely astounding how
many of them are children of
maids, taxi drivers, straw ven-
dors, domestic workers and
clerks.

Children

I: their children are now
our judges, accountants,
lawyers, physicians, engineers,
Prime Ministers - why can't
Little Johnny from Farm



I beg to differ with those who feel that
supplying a top quality education to ar
elatively small number of academically gifted
students breeds an elitist system. |

(IB) program.

Currently, St Andrew's,
Lyford Cay School, and the
Lucayan School (in Freeport)

offer an IB programme. The.

IB programme is generally
less known to most Bahami-
ans and I wish to refer readers
to www.ibo.org for more
detailed information.
According to its website:
“The International Baccalau-
reate Organisation aims to
develop inquiring, knowl-
edgeable and caring young
people who help to create a
better and more peaceful
world through intercultural
understanding and respect.”

Challenging

Ae this end, the
IBO works with

schools, governments and
international organisations to
develop challenging programs
of international education and
rigorous assessment.”
Annually, our educational
system (both public and pri-
vate) produces some 5000
graduates, we are told. Maybe

-Our national goal should be to

produce 2 per cent of gradu-
ates, or 100 students annually,
with IB level qualifications by,
say 2008, growing to 5 per cent
by 2010 and so on.

Today, we provide less than
30 IB spaces annually. Realis-
tically, if we could have 10 per
cent to 15 per cent of high

Road, who is prepared to
work hard and apply himself,
be assured of similar oppor-
tunities through having access
to the highest quality educa-
tion within the public school
system - just as earlier gener-
ations were?

I beg to differ with those.
who feel that supplying a top
quality education to a rela-
tively small number of acade-
mically gifted students breeds
an elitist system. Indeed, our
challenge is to expand the
number of students who can
succeed at this level of
achievement. I think it is unre-
alistic to believe that we can
move the entire system ahead
in one fell swoop.

Until next week...

NB: Larry R.-Gibson, a
Chartered Financial Analyst,
is vice-president - pensions,
Colonial Pensions Services
(Bahamas) Limited, a wholly-
owned subsidiary of Colonial
Group International, which
owns Atlantic Medical Insur-
ance and is a major share-
holder of Security & General
Insurance Company in the
Bahamas.

The views expressed are
those of the author and do not
necessarily represent those of
Colonial Group International
or any of its subsidiary and/or
affiliated companies. Please
direct any questions or com-
ments to rlgibson@atlantic-
house.com.bs

Bahamas being
‘outmarketed’over
tourism product

FROM page one

“Those who are going to
retain the upmarket are those
providing great value.

“There’s some issues with
productivity and electricity
costs, which ‘are probably the
biggest aggravator in the costs
of doing business. There are
ways these can be addressed
more effectively, both in the
business and externally,”

The CHA study warned that
given the fiscal and public
spending challenges faced by
many Caribbean governments,
they were often turning to
tourism as a source of taxes
given the industry’s position as
the largest and - according to
perception - most successful
economic enterprise in the
region,

The report added: “These
taxes must be seen in light of
the challenges within the
tourism sector. Hotel prof-
itability within the industry is
becoming increasingly an issue
amidst high construction costs,
rising utility costs, and high
labour costs.

“While hotel profitability dif-
fers by country, in the long run
the hotel sector will not be able
to sustain the increasing burden

of indirect taxation, resulting in
this sector becoming less attrac-
tive as an investment.opportu-
nity. There is still a great reluc-
tance to view tourism as an
export industry in public policy
planning in most CARIFO-
RUM countries.”

In the Bahamas, Mr Comito
said that apart from direct taxes,
such as licensing fees, casino
taxes, departure taxes and the 6
per cent room occupancy tax,
the industry faced many indi-
rect taxes,

These included customs and
stamp duties on “many of the
goods that are used in the deliv-
ery of services”, such as food
and beverage and other equip-
ment.

“These are things that add to
the high costs, but the reality is
that the Government needs a
revenue source, and we’ve
based our tax system primarily
on duties,” Mr Comito added.

He said the key for the
Bahamas was “how do we
make” the product better and
more exciting, as Kerzner Inter-
national had done with Paradise
Island and Atlantis as a result of
the phased development to
refresh the resort.

The CHA report said that
while many Caribbean coun-

tries provided tax exemptions
and other investment incentives
for hotel construction, they
often did not provide such
incentives for when the resort
property became fully opera-
tional. Most hotels, the study
pointed out, needed at least 10
years to recover their initial
investment.

Examining hotels in Barba-
dos, Jamaica, St Lucia and the
Dominican Republic, the CHA
study found that for Barbados,
apart from high electricity,
water and labour costs, con-
struction costs stood at $100,000
per room.

There was also a high level
of absenteeism in the Barbadian
hotel industry, the cost associ-
ated with sick days between
January-August 2005 estimat-
ed to have been $328,000. Non-
sick days were estimated to
have cost $167,856, bringing
their total cost to $495,135, com-
pared to $763,204 for the same
period the previous year.

A survey by the St Lucia
hotel association found that in
2004, 13 properties with a total
of 1,564 rooms generated $19
million in salaries; $4.986 mil-
lion in direct taxes; $11.243 mil-
lion in operating costs; and
$346,570 in indirect taxes.



THE TRIBUNE



Illiteracy ‘thriving’ and
undermining economy

@ By NEIL HARTNELL

Tribune Business Editor

Illiteracy is “thriving” in the
Bahamas, another damning
report on the state of this nation’s
education system has concluded,
with 82 per cent of all public
school students who sat the 2006
Maths BGCSE exam failing
based on the schools four-point
grading system.

The Coalition for Education
Reform, the employer and
trade union group that has been
advocating for education reform
for the past three years, said the

- “extent of under-achievement

in maths is simply both massive
and unacceptable.
’ “One cannot escape the con-
clusion that illiteracy, especial-
ly in mathematics, is alive and
thriving in the Bahamas to its
detriment”.

Left uncorrected, © the
Bahamian education system’s
woes and correspondingly low
academic achievements would
lead to “lower economic growth
and increased social instabili-
ty”.

Assessing the 2006 and 2007
BGCSE results from 93 public
and private secondary schools,

the Coalition adopted the four-
point grading system that
schools generally use to mark
students’ work, comparing these
to the BGCSE results.

While the BGCSEs provide
grades ranging from ‘A’ to ‘G’,
with ‘U’ as ungraded, the four-
point grading system provides
grades from ‘A’ to ‘D’, with all
others resulting in ‘failure’.

Converting all the BGCSE
scores to the four-point grad-
ing system, the Coalition found
that out of the 23,063 BGCSE
exams written in 2006, some 32
per cent would have resulted in
a ‘F’ or ‘failed’ mark under this
system.

In 2007, under the four-point
grading system, this percentage

‘increased to 36 per cent, mean-

ing that more than one in three
BGCSE exams written this year
would have produced an ‘F’ or
‘failed’ grade. This was the peak
mark, and just 6 per cent of stu-
dents attained ‘A’.

Assessing English and Maths,
the two basic literacy compe-
tencies that are considered vital

_ by Bahamian employers, using

the four-point system, the Coali-
tion found that 55 per cent of all
public high school students sit-

ting English Language in 2006
would have achieved an ‘F’
grade or a ‘failed’.

In poor performing Bahami-
an public high schools, the per-
centage achieving an ‘F’ or
‘failed’ in English Language
increased to 61 per cent.

Private

- Yet for private high schools,
just 13 per cent of students
achieved an ‘F’ in English in
2006, with the best private
schools seeing just 1 per cent
achieve an ‘F’,

On maths, some 82 per cent
‘of public high school students
sitting the exam in 2006
achieved an ‘F’ or ‘failed’, a per-
centage that increased to 90 per
cent for the worst performing
schools using the four-point sys-
tem.

In the private high schools,
just 33 per cent obtained an ‘F”
in maths, a figure that fell to 1
per cent for the best perform-
ing.

The Coalition said: “Every-
one in business, science and
engineering agree that an
understanding of basic maths is

critical to a range of both low-
tech and high-tech jobs. From
carpentry to computer system
maintenance, the management
of a small business and even
management of one’s personal
finances.

“Cooks must be able to
understand portion control
when following a given set of
recipes.

“A maid working on a mod-
ern hotel. must use a telephone
to input information into a sys-
tem that is available to the front
desk so that rooms can be filled
promptly.

“The cashier no longer just
receives cash. She must be able
to multi-task.

“The maid, dishwasher and
handyman must be able to read
the safety warnings and follow
operating instructions that can
change. It is essential for main-
tenance work on equipment
that runs 24 hours a day, seven
days a week.”

Bahamian males were also
becoming disengaged from edu-
cation, the Coalition said, as
shown by the fact that they

wrote just 39 per cent of the

23,063 BGCSE exams sat in
2006.

Dr Myles Munroe to address
uman resources seminar

NV SAersm MLO Tn cele



Dr Myles Munroe, senior pas-
tor of Bahamas Faith Ministries
and international bestselling
author, will be the keynote
speaker at the Bahamas Human
Resources Development Asso-
ciation's (BHRDA) Manage-
ment Conference this Wednes-
day, October 10 at the British
Colonial Hilton.

Dr. Munroe will address the
topic, The Critical Difference
between Management and
Leading.

Also scheduled to speak are
Charles Sealey, chief operating
officer of Doctors Hospital, and

_Senator Michael Halkitis, who

will respectively discuss Lead-
ership Responsibility: Coaching
to Impact Culture & Perfor-
mance and Aiming for the
Extraordinary.

Each year, the Bahamas
Human Resources Develop-
ment Association aims to edu-
cate human resources profes-
sionals and the community at
large by hosting monthly meet-
ings, biannual workshops and
an annual conference.

According to BHRDA pres-
ident Nadene Charlton, the aim
of this year's conference is to
prepare human resources pro-
fessionals to become leaders
within and outside of their pro-
fession.

PH: 327-POST Pi: 394-POST BBE: BS6-POST
Much more than just a Post Box!

WLLL LDLLLLAN ILL ORAALOODAYALALL DOLLA ADUPLULSALLARAANADCNIALAODYSLOPOCLDEI LISP NE BAIDU ABDI



“As human resources profes-
sionals we want to strengthen
our position in the country so
that we are viewed by all as
dynamic and strategic leaders
who are equipped to make an

impact in our various organisa- -

tions,” she said.

The conference will be mod-
erated by Keith Major, vice-
president, sales, British Ameri-
can Financial.

TUESDAY, OCTOBER 9, 2007, PAGE 3B



Conference to focus
on Exuma’s growth

The second annual Exuma
Business Outlook seminar will
focus on the island’s growth
and development when it is
held at the Four Seasons
Resort at Emerald Bay on
October 18.°

The theme, Modelling the |

Future of Family Island
Growth, will be addressed by
keynote speaker, the Minister
of Works and Transport, Earl
Deveaux. ~

Scheduled speaker, Jackson
Burnside, architect and cul-
tural activist, will address Exu-
mians on the issue of culture
and entrepreneurship. Mr
Burnside believes that with
proper national focus, by the
year 2020 more visitors will be
visiting the Bahamas for art,
culture and heritage.

“IT believe the Family
Islands have rich attributes
which can give us diverse find-
ings that we can offer to the
world,” Mr Burnside said.
“The Exumas are a treasure
chest of culture, and are very
special because of its rich his-
tory.”

Over the past few years the
Exumas have experienced
development in the areas of
construction, resort commu-

i. nities, restaurants and high

end tourism developments.
This, in turn, sparked rapid
population growth.

This year's Exuma Busi-
ness Outlook will extend its
discussions to the develop-
ment of islands' infrastruc-
ture, the agricultural sector,
hotel and resort development,
land and environmental
issues and personal financial
planning.

Lynn Gape, Deputy Execu-
tive Director, Bahamas
National Trust, who will also
be speaking at the seminar,
expressed her hope that devel-
opment in The Exumas is
done consciously and is sus-
tainable.

“We would hope that the
developers will be conscious
of the fact that they are work-
ing with a fragile eco system...
and we would also hope the

Boverpment of The Bahamas

will work with developers to
ensure that they are using best
practices.”

Jackson Burnside also com-
mended the Business Outlook
seminar. “I think it's an espe-

cially important event taking

place in a Family Island, as it
elevates the conversation of
growth for the future. This
event, he said, will help them
(Exumians) to realize that
they too have an important
part to play in the overall
development of The Exumas

and by extension The
Bahamas.
Discussion

Mrs Gape also shared Mr.
Burnside's sentiments and
additionally encouraged Exu-
mians to use this seminar as
an avenue to join in the dis-
cussion about the future devel-
opment of their island, to keep
themselves informed and be
ready to work with the devel-
opers to ensure that they do
not lose the traditional beauty
of their.island.

Other speakers include
Reginald Smith, President of
the Exuma Chamber of Com-
merce, Mike Hartman,Chair-°
man of the Out Island Pro-

motion. Board, Dr Selima

Campbell, Horticulturist, Kei-
th Major, Vice President of
Sales at British American
Financial, Simmone Bowe,
Director of Human -
Resources and Training at
Bakers Bay Golf & Beach
Club, Tex Turnquest, Direc*
tor, Lands and Surveys
Department, Darron Cash,
Chairman of the Bahamas
Development Bank, and
Dwight Hart CEO of Thane
Media Group.

This year's sponsors include
British American Financial,
Baker's Bay Golf & Beach
Club, National Insurance
Board, Scotiabank (Bahamas)
Ltd, BEC, Bahamas Develop-
ment Bank, Bank of the
Bahamas, J.S. Johnson & Co.,
Ltd, and the Exuma Chamber

of Commerce.

INDEPENDENT SALES
REPRESENTATIVES

NEEDED!

Must have a proven track record in sales
Experience in Sales a must
Must have reliable transportation

Ability to meet and adhere to strict deadi...es
Excellent written and communication skills.

Apply in writing to

Sales Representatives

Box. PM-1

C/O The Nassau Guardian

P.O. Box N-3011

Nassau
Bahamas





PAGE 4B, TUESDAY, OCTOBER 9, 2007

Financial awards
panel announced

The Blue Ribbon Panel to
select the recipients of the
Bahamas Financial Services
Board’s (BFSB) annual Finan-
cial Services Industry Excel-
lence Awards has been named.

The Blue Ribbon Panel is pic-
tured here. Sitting, from L to
R, are: Sylvia Carey, human
resources manager at the Cen-
tral Bank of the Bahamas; Joan
Albury, president, The Coun-
sellors.

Standing from L to R: Julian
Francis, former Governor of the
Central Bank of the Bahamas;
Phil Stubbs, former managing
partner for Ernst & Young; and
Paul McWeeney, managing
director of Bank of the
Bahamas International.

The Financial Services Indus-
try Excellence Awards are

designed to recognise role mod-
els in the Bahamian financial
services industry for their per-
formance and contribution to
the growth and development of
the industry.

Purpose

The BFSB’s chief executive
and executive director, Wendy
C. Warren, said: "These Awards
continue to recognise the impor-
tance of quality human resources
for the success of the industry."

Each year awardees are cho-
sen in four categories:

Executive of the Year - chief.

executive level

Professional of the Year -
Any level of management or
supervision

Achiever of the Year - Junior
and Support levels

A special award for Devel-
opment and Promotion of the

financial services industry. .

Nominations were open to the
entire financial services indus-
try, including industry, regula-
tory and supervisory agencies.

The awards are complement-

_ed by the BFSB's Financial Ser-
-vices Student of the Year out-

reach, hosted in collaboration

with the College of the.

Bahamas School of Business.

The 2007 Industry Excellence
Awards Banquet will be held
on October 27 at Sandals Roy-
al Bahamian Hotel and Spa.

All finalists will be recognised ,

at that time, and the recipients
in each category will be
announced for the first time.



THE TRIBUNE



Fisheries ‘cl

FROM page one

That body, which had its first
formal meeting yesterday, is
“going to play a huge role” in
devising an all-encompassing
trade policy to-deal with all trade
issues facing the Bahamas,
Zhivargo Laing told The Tribune.

Following a meeting with
fisheries industry representa-
tives and Larry Cartwright, the
minister of agriculture and fish-
eries, on Friday, Mr Laing said
Anthony McKinney, head of
Paradise Fisheries, had been
appointed as the sector’s rep-
resentative on the Trade Com-
mission due to its specific con-
cerns over the EPA.

“Any conversation we would
have had last week would have
been-related to our approach
to the EPA,” Mr Laing said.

“It’s not signed, we’re negoti-
ating and that continues to be
the position.

“We have a clearer under-
standing with the fisheries peo-
ple as to what we’re doing and
what the possibilities are.

“We were able to at least
ensure they had representation
on the Trade Commission. One
of the problems their industry
has is that they do not have an
association as such. They had a
Fisheries Advisory Board, but
that is appointed by the Goy-
ernment, and we had to call on
them to identify a person who
could represent their interests
and: have them on the Trade
Commission.”

Mr Laing, though, reiterated
the Government’s previous
position that while it recognised
that signing the EPA was

aun

Will be closed for our annual
FUN DAY at all four locations on
Wednesday, October 10th 2007
and will resume regular hours on
Thursday, October Lith 2007.

Management and staff regret any
inconvenience caused.



arer’ on EPA!

important for preserving duty-
free, competitive market access
to the European Union (EU)
for Bahamian exporters such as
the fisheries and Polymers
International, it could not allow
itself to be pressured into sign-
ing on by the December 31,
2007, deadline.

This was because it had to
assess the implications for the
wider Bahamian economy, and
its tourism and financial services
industries, both in the EPA and
other trade arrangements, such
as World Trade Organisation
(WTO) membership and future
talks on replacements for the
Caribbean Basin Initiative
(CBI) and CARIBCAN trade
pacts with the US and Canada
respectively.

As a result, while mindful of
the EPA’s importance, Mr
Laing said the Government
needed to develop.an all-

-encompassing trade policy that
“was not rushed by deadlines,

‘timelines and other isolated
events. _ ;

“The EPA will certainly be a
priority because of the timeline
involved,” Mr Laing said, “but
the Bahamas has to adopt a
trade position. It has to deter-
mine in relation to trade matters
how, in its best interests, it is
going to proceed.

“What is the suitable position
for the Bahamas to have? When
we determine that, all other
things will probably fall into
line.

“I think that’s the only sensi-

ble approach we can take as
regards the EPA. We are in it,
we are negotiating, we will par-
ticipate and we will make a
decision as we are called upon
to do so. It is the broad trade
position of the Bahamas that is
the priority.”

Mr Laing added of exporter
concerns on the EPA: ““We’ve
given every assurance to [those],
including the fisheries and oth-
er people impacted by the EPA,
that we will ensure to the best
extent possible that they are
able to perform and function,
but all in the context of safe-
guarding and advancing the
broader economy of the
Bahamas.”

CARIFORUM, which is
negotiating the EPA on the
Caribbean’s behalf, is now treat-
ing the Bahamas as a non-par-
ticipant, and this nation had no
one representing it at the 11th

CARIFORUM-EU., Technical:

Negotiating Group Meeting and
the 8th CARIFORUM-EU
Principal Negotiators Meeting.

Mr Laing said of the Trade
Commission’s role in develop-
ing an all-encompassing trade.
policy: “It’s going to play a crit-
ical role. From my point of
view, we are going to see the
Trade Commission as the
means by which the private sec-
tor’s input is sought and com-
-municated to the Government.

“It will also be the means
through which the Govern-
ment’s thoughts and policies are
communicated to the. private

Share your news

_The Tribune wants to hear

from people who are
making news in their
neighbourhoods. Perhaps

you are raising funds for a

good cause, campaigning
for improvements in the
area or have won an
award.

If so, call us on 322-1986
and share \your story.

Zhivargo Laing

sector.”

The fisheries industry is con-
cerned that failing to sign the
EPA could jeopardise $60 mil-
lion in exports to France.

‘ Ifthe Bahamas fails to secure
duty-free access to the EU for



its seafood exports by signing
on to the EPA, which is due to:
replace the expiring Cotonou
Agreement on January 1, 2008,
they could face an 8-12 per cent
tax being added on to the prod-
uct going into France.

~ Legal Notice

NOTICE

~ QUILL FEATHER LIMITED

Notice is hereby given that in accordance with section

138 (8) of the International Business Companies Act

2000, the dissolution of QUILL FEAFHER LIMITED has
=, Gay | been completed; a Certificate of Dissolution has been is-

Pricing Information As Of:
Monday, 8 October 2007

Ely

sued and the Company has therefore been struck off the

Register.

Yield
0.00%
3.45%
2.72%!
2.35%
1.62%
1.63%
2.18%
2.54%)
4.18%
0.78%)
0.00%},
3.81%
4.45%
3.21%)
2.18%
0.00%}:

Div $ P/E
0.000. ~+17.6
0.400 7.7
0,260 13.0
0.020 17.7
0.060 13.5
0.040 48,0
0.240 11.0
0.080. 15.1
0.680 13.7
0.050 87.2.
0.000 8.3
0.240 7.8
0.570 16.7
0.470 15.7
0.133
0.000
0.200
0.580
0.600

Change Daily Vol.
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.04
0.00
0.00
0.00
0.00
0.00
0.00
0.00

“0,00
0.00

S2wk-Hi 52wk-Low
0.54
11.00
7.51
0.70
ABB te:
1.20
9.55 -
1.80
11.91
4.70
2.20
5.54
11.51
13.82
5.18
0.54
7.10

EPS $
0.094
1.502
0.733
0.048
0.275
0.051
0.996
0.208
1.190
0.112
0.284
0.804
0.768
0,934
0.364

-0.415
0.411
0.991

Previous Close Today's Close
1.65 1.65
11.60 11.60
9.55 9.55
0.85 0.85
3.70 3.70
2.45 2.45
11.00 11.00
3:15 3.15
16.26 16,26
6.40 6.44
2.35 2.35:
6.30 6.30
12.80 12.80
14.65 14.65
6.09 6.09
0.70 0.70
7.25 1.25.
10.05 10.05
10.00 10.00

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 (S)
Freeport Concrete
ICD Utilities
J. S. Johnson
Premier Real Estate

ARGOSA CORP. INC.
(Liquidator)

Legal Notice

NOTICE

-BEARNETTON INC.

Notice is hereby given that in accordance with section

Seo
Last Price Wee
16.00

6.00

ymbo!
Bahamas Supermarkets
Caribbean Crossings (Pref)

Bahamas Supermarkets

RND Holdings 138 (8) of the International Business Companies Act

2000, the dissolution of BEARNETTON INC. has been

completed; a Certificate of Dissolution has been issued

Fund Name Last 12 Months Div $ Yield %
Colina Money Market Fund
Fidelity Bahamas G & | Fund
Colina MSI Preferred Fund
Colina Bond Fund

Fidelity Prime Income Fund

1.358531"
3.3402***
2.921539***
1.274052***
11.7653°***

11.6581 11.2129

‘ and the Company has therefore been struck off the
YIELD - last 12 month dividends divided by closing price « :

Bid $ - Buying price of Colina and Fidelity

Ask $ - Selling price of Colina and fidelity

Last Price - Last traded over-the-counter price

Weekly Vol. - Trading volume of the prior week

EPS $ - A company'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

L's - 19 Dec 02 = 1,000.00 NAY Kiey,
52wk-Hi ~- Highest closing price in last 52 weeks

52wk-Low - Lowest closing price in last 52 weeks

o
* - 28 September 2007 Register.
** - 30 June 2007
30 September 2007
see". 31 July 2007

Previous Close - Previous day's weighted price for daily volume
Today's Close - Current day's weighted price for daily volume
Change ~ Change in closing price from day to day

Daily Vol Number of total shares traded today

DIV $ - Dividends per share paid in the last 12 months

P/E - Closing price divided by the last 12 month earnings

(S) - 4-for-1 Stock Split - Effective Date 8/8/2007



ARGOSA CORP. INC.
(Liquidator)

wpe
ee CoA





THE TRIBUNE

TUESDAY, OCTOBER 9, 2007, PAGE 5B



SS ee ee >
Real estate firm to give ‘one-stop shop’

A NEW real estate company
specialising in high-end Bahami-
an waterfront properties has
’ been formed to provide a ‘one-
stop shop’ service for clients.

Bahamas Waterfront Proper-
ties (BWP) president Colin
Lightbourn said in a statement:
“We are experiencing increased
demand for a turnkey real
estate service, from the initial
purchase to the management of
the property and ancillary ser-
vices that go along with own-
ing and living in the Bahamas.

“With over 500 realtors in the

country it is a very competitive
industry, so we are directing our ©”

companies’ resources towards
this market.”

Bahamas Waterfront Proper-
ties maintains the philosophy
that environmental responsibil-

ity is a means to increase real
estate values rather than a road-
block to economic develop-
ment.

Mr Lightbourn added: “In
the past, land developers have
often viewed environmental
sustainability as an added
expense and burden towards
the feasibility of a project.
Today, this is no longer the case
since the market and govern-

ments are becoming more and -
more conscious about environ-!

mental integrity, particularly in
small developing countries like
ours.”

Mr Lightbourn said that since
the Bahamas is so vulnerable
to climate change and hurri-
canes, and has limited natural
resources, a sustainable devel-
opment policy is essential to the

growth of the Family Islands.
Bahamas Waterfront Proper-

ties is a member of the Nation- .- «

al Association of Realtors and
the Bahamas Real Estate Asso-
ciation.

SPECIALISING IN high-end
waterfront properties such

as the Ocean Club Estates
Condominiums, pictured
here, the Bahamas Waterfront
Properties’ president, Colin
Lightbourn explains: “We

are experiencing increased

demand for a turnkey

‘real estate service, from
the initial purchase to the
management of the property
and ancillary services that
go along with owning and
living in the Bahamas.”

ES



Mayaguana deal may
breach Hawksbill Act

FROM page one

“Those tax concessions have
not played out very well in the
real world,” he said. “They’re
[the Government] creating a
muror image of the problems
of Freeport, problems that have
yet to be fixed.”

The Heads of Agreement for
the Mayaguana project, tabled
in the House of Assembly by

the FNM government, revealed.

that Mayaguana Island Devel-
opers Ltd had been given pow-
ers that rival the GBPA’s,
including the ability to licence
businesses on the island, and a
host of 20-year investment
incentives for itself and its
licensees.

However, Mr Lowe pointed
out that the Hawksbill Creek
Agreement stipulated via
-statute law “that no other con-

cessions-are to*be granted that
exceed those* contained inthe: .

law that created Freeport.

“Tf it exceeds, in concessions,
those granted to Freeport, it
goes against the original Hawks-
bill Creek Agreement,” Mr
Lowe said of the Mayaguana

Heads of Agreement. “At least.

ours is enshrined in statute......
. “They have not looked at the
ramifications of the Hawksbill
Creek Agreement prior to
recreating it elsewhere.

“J think, at this juncture,
we're obviously going to have as
many, if not more problems,
down there than we have had
here.”

One area where the
Mayaguana Heads of Agree-
ment may breach the Hawks-
bill Creek Agreement and its
successors is on real property
tax exemptions. Mayaguana
Island Developers has a 20-year
real property tax exemption for
itself and all its licensees, which
could possibly be extended for
another five to 15 years.

Relief

Yet the Freeport, Grand

Bahama Act 1993 has only
granted Freeport relief from
real property tax until 2015,
potentially some 26 years less
than what Mayaguana Island

Developers and its licensees will

receive.

When it comes to investment
incentives, the Heads of Agree-
ment alsovgivessMayaguana

Island: Developers and its).
» dicensees a 20-year exemption .

from stamp taxes (including on
money remitted by banks to for-
eign countries), all licence fees
(including Business Licences),
taxes upon earnings, interest or
dividends, and “direct fiscal
impositions upon or against
earnings”.

Mr Lowe said the Mayaguana
Heads of Agreement appeared
to have borrowed language and
terms directly from the Hawks-
bill Creek Agreement, espe-
cially when it came to items
such as ‘consumable stores’,
‘administrative stores’ and

‘licensees’.

Other incentives, which the
Heads of Agreement say are
granted under the Bahamas
Investment and Incentives Act
and the Family Island Econom-
ic Enterprise Zones Act, duty-
free importation for 20 years of
all manufacturing supplies
required by industrial firms that
establish themselves in the 9,999
acre development area on
Mayaguana.

The Grand Bahama Cham-
ber president added that the
‘consumable stores’ definition
was “fraught with problems”,
as it was based on what the end-
use was, whether for business
or other purposes.

Twenty-year customs duty
exemptions are also granted for
a whole host of equipment and
material necessary to fit out fac-
tory plants and for construction.

“The Government recognises

that the éxemptions and incen-

tives set forth... are of para-
mount importance to Mayagua-
na Island Developers to enable
the company to achieve its goal
of developing Mayaguana as a
resort/second home destination,
with viable commercial and

industrial sectors competitive:

with other premier destina-
tions/mixed-use communities,”
the Heads of Agreement says.

. On the licensing of Bahamian
and foreign-owned businesses
in Mayaguana, the Heads of
Agreement states: “The Goy-
ernment agrees that Mayaguana

the exclusive and unconditional
right at all times to grant
licences to any licensees.
“Nothing in this Agreement
shall be deemed to prevent or
restrict in any way Mayaguana
Island Developers from licens-
ing any person, firm or compa-
ny to carry on any lawful busi-
ness, undertaking or enterprise
within the development on such
terms as Mayaguana Island
Developers shall in its absolute
discretion deem fit and prop-
er.

of things we
think, say or do

1.ls it the TRUTH?

2.|s it FAIR to all
concerned?

3. Will it build
GOODWILL and
BETTER
FRIENDSHIPS?

4. Will Tt be
BENEFICIAL to
all concerned? ~

www. rotary.org



Economic growth
down on 2006

FROM page one |

The Central Bank said that
while the economic outlook
for the Bahamas remained
“relatively favourable” for the
rest of 2007, the external
reserves were due to come
under pressure from seasonal
demands for foreign curren-
cy and oil price increases.

Compounding the con-

cerns were. the global liquid- .

ity crunch and financial
crises, which “may present
some challenges for the
domestic tourism and real
estate sectors in the medium-
term”.

On the fiscal side, the Gov-
ernment’s fiscal deficit for the
first 11 months of the 2006-
2007 fiscal year to May 31 had

increased by 17.7 per cent
from $88.7 million to $104.4
million. :

A 12.2 per cent rise in rev-
enues had been “surpassed”
by a 12.6 per cent increase in
financing, with Budget financ-
ing coming from the Govern-
ment’s domestic borrowings -
mainly bond issues - which
expanded by 12.3 per cent-to
$230.3 million.

Inflation for the 12-month

. period to end-August 2007

rose by 0.89 per cent to 2.42
per cent, with goods and ser-
vices prices up by 5.28 per
cent; food and beverages up
by 3.97 per cent; furniture and
household operations ‘up by
3.54 per cent; and recreation,
entertainment and services up
by 3.18 per cent.

HELP WANTED
Salesperson

We are looking for an energetic and professional

person to sell generators, golf cars and oil. We

will train. Good attitude a must.

Contact Harbourside Marine.
Tel: 393-0262. Fax resume to 394-7659

NOTICE

NOTICE is hereby given that JENNEFER ALCIDE of
COOPER TERRACE, KEMP ROAD, P.O. BOX
N-7147, NASSAU, BAHAMAS,
Minister responsible for Nationality and

is applying to the
itizenship, 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 9TH day of OCTOBER,
2007 to the Minister responsible for Nationality. and

PUBLIC NOTICE
INTENT TO CHANGE NAME BY DEED POLL

The Public is hereby advised that |, Oneika Stubbs of |
the Island of New Providence, the mother of ZAl AKO
TUNANO STUBBS intend to change his name to ZAI
AKO TUNANO SPATCHES. If there are any objections
to this change of name by Deed Poll, you may write such
objections to the Chief Passport Officer, RO.Box N-742,
Nassau, Bahamas no later than thirty (80) days after the
date of publication of this notice.











Legal Notice
NOTICE

Barthol Trading Limited
In Voluntary Liquidation

Notice is hereby given that in accordance with Section
138 (4) of the International Business Companies Act,
2000, BARTHOL TRADING LIMITED is in
dissolution as of October 5, 2007.



International Liquidator Services Inc. situated at 35A
Regent Street, P.O. Box 1777, Belize City, Belize is the
Liquidator.



LIQUIDATOR



Island Developers shall have



NOTICE

NOTICE is hereby given that RICARDO DECIUS of
HONEYCOMB STREET, P.O. BOX CR-54091, 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 9TH day of
OCTOBER, 2007 to the Minister responsible for Nationality
and Citizenship, P.O.Box N-7147, Freeport, Bahamas.

NOTICE

NOTICE is nee es that OWEN HENRY of MARSH
HARBOUR, ABACO, 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 2ND day of OCTOBER
2007 to the Minister responsible for Nationality and
Citizenship, P.O.Box N-. 7147, Nassau, Bahamas.



Legal Notice
NOTICE

Drilco Operations Inc.
In Voluntary Liquidation

Notice is hereby given that in accordance with Section
138 (4) of the International Business Companies Act,
2000, DRILCO OPERATIONS INC. is in dissolu-
tion as of October 5, 2007.

Alastair Cunningham of Kyriacoy Matiz 29, Agios
Dometios, 2373 Nicosia, Cyprus is the Liquidator.

iS

LIQUIDATOR



PUBLIC NOTICE
ROAD TRAFFIC DEPARTMENT

All Franchise Holders:

PUBLIC SERVICE VEHICLE
* LICENCING & INSPECTION

In accordance with the Road Traffic Act |
Statue Laws of the Bahamas, the inspection
of Public Service Vehicles will be carried
out in New Providence and the Family
Islands beginning Monday Ist October thru
Wednesday 31st October 2007.

Owners and operators of these vehicles must
ensure that the total numbers of vehicles
covered by their franchise are presented for
licensing and inspection. When and owner
or Operator present fewer vehicles for
licensing and inspection that is covered by
his/her franchise, the Road Traffic Authority
Board in the absence of proof will assume
that he/she no longer needs the franchise,
which are not presented at this time. The
Authority therefore; requires his/her to show
cause why 90(1), which refer to the
revocation of franchise in the Road Traffic
Act.

Further all franchise holders must produce
documentary proof to show that their
franchise is operational at the time of
licencing and inspection.

Controller
Road Traffic Department





PAGE 6B, TUESDAY, OCTOBER 9, 2007



SOMEHOW SHE
WOULD MAKE ME
YOUNG AGAINL

THE FIRST THING IM
UNPACK 18 My/ BROUGHT
FAMOUS BARBECUE. i

HONEY, EVERYONE
NEEDS TO EAT.





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IN ATE WATCHERS® Soe
The bidding:
) South West. North East
1% Pass 3¢ Pass
39 Pass 4NT Pass
5¢ Pass 71%

Opening lead — ten of spades.

Assume you get to seven hearts
on the sequence shown. Partner’s
bidding is certainly reasonable —
from his viewpoint, if you had a sixth
heart or the juck of diamonds, you’d
have 13 sure tricks. But as it is, you
have a potential loser in clubs. How
should you play the hand?

At first glance, it seems that the
only chance to get rid of the club
loser lies in finding a 3-3 division of
the missing diamonds. Since this is
only a 36 percent probability, you

©2007 2 Mer hmarica Dymtieta, ln. Word tight rexerved.











ITS A
LOT FARTHER
DOWN FROM UP
WERE THAN FKOM
MWY BIKE [F



































plurals.
TODAY'S TARGET



~ ACROSS -
_ 9 Plus I'm playing in one without hav- 1
ing planned to (2,7)

DOWN

Do, having agreed to, repair. It's
shabby and scruffy (3-5)
2 How you spoke, when speaking for

ee (atte

Pe
(tain FT
ee Me se Dats
| | a Es



10 In the search | entered, few are
‘ are the company (6)
. found in the records (8) 3 Want, in a while, a suspension of all
12 Book half of them may leave unfin- broadcasting (8) f
ished (4) 4 Agree to break the novice in, if you'll
13 Boxes for the bits and pieces (6) : Shen bs ie Oy vibe te
j : : eriods taking trips
14 A post for the incorruptible (7) 6 — Outside the court, funny noise you
15 A fish that shows the water's not investigate (5,5)
totally contaminated? (3,2,4) 7 Steal the animals carrying the bug
17 Wagging, glad | brought a bone in 8 a tenia tk
A gan training the pupil in India (6)
Soe EU act 11 And i's tied up with string, brought’
18 Put off when there is wind on the in to be marked (5)
day (7) 16 Tangle in a way that's against the
20 Soldier's signal meaning “Save me” __ tules? (4,2)
(6) 19 Belts found in a drawer in the bed-
: \ room (5)
21 Cold, pour it down the drain (4) 20 This man will make history (3)
24 In fact, it's a bad cut, chum (8) 22 Caught breaking the rule about ~ || ca
26 Inside, dear, possibly | can adjust a ee (5) 4 :
8 cline, when juice is brought back, Reruns
ue bites (9) to drink it (4,2) EASY PUZZLE -
28° River said to flow slowly (4) 25 The dope that affected the heart
29 For the bird, get a vel round: noth- (4,6) ‘ACROSS
“ing; 26 N | 9° Beach ot ool attendan 34 Clumsy (5,6) 8 Mendicant (bi
ing; a cold (6) t ae By ten it will be really To\ine om aE a a 36 Onlooker (9) 14 Bt aes 162)
31 Decline to give the lineage (7) 27: then youre in hivhed a 12 At that time (4). ) 38 Forsake (7) 16 Baby's bed (6) ‘
34 A ruil tree with fruit on it (9) against (os cee | 13 Victor (6) a9 Sacien (0 m 19 Rub out (5)
, Rs : rick structure
36 Not working well with children (9) 30 Making a fuss and acting oddly ia Aboud i spe (2.9) 41 Non-commissioned 3 wae gis
38 Tattler who split on what caused the about entering (8) i ; officer (8) 3
a: g (8) 17 Twin-hulled vessel (9) 23 Trustworthy (6)
‘dieter’s lapse’ (7) Sure to describe it in (8) 18 Medium (7) 42 Burns without flame (9) 25 Decorative (10)
39 Securing the label, put a spike 32 Atthe same time, is self-possessed 20 Tie up (6) DOWN 26 Novel (3)
ahd ' (8) 21 Bill of fare (4) 1 Small fleet (8) 27 Towed vehicle (7)
through (6) 33 For fun, plugs the songs (7) 24 Large hall for dancing (8 2 Insult (6 30 Steadfast (8)
; 9s ( ing (8) (6)
40 See it's an awkward situation (4) 35 Ausual, or unusual, Roman numeral a Saree element (8) 3 Woman's under-bodice 31 Sorrel of bones (8)
41 Putin the cellar as specified (4,4) (6) 88 votes (4) ) 3% Sloppy
i Ictim: ie a bi 29 33 G d racing (3,4
42_ alt pon em da want Tatar a ee | tems Bee
to be given (5,4) 6) See een ne pall 31 Doubting Thomas (7) 6 Variety (10) 36 Marriage partner (6)
7 Fruit type (7) 37 Tantalises (6)
CRYPTIC SOLUTIONS

ACROSS: 4, Strife 7, Hard cash 8, E-ng-ine 10, Floes EASY SOLUTIONS
13, O-bo-E 14, Fans: 15, Spar 16, Pan 17, S-U-it 19, Ma-I-L 21, Mast-l-cate 23,
PA-YE 24, Mo-ll

26, Fax 27, Flu-x 29, Away 32, Guam 33, A-side

34, O-c-cult 35, Conducts 36, Loofah 16, Wed 17, Ajar 19, Tail 21, Prominent 23, Feel 24, Long 26, Sew 27, Ti

Edit 32, Beta 33, Bride 34, Armada 35, Loitered 36, Oddity
DOWN: 1, Chaff 2, Ar-son 3, Aces 4, She-BA 5, Rage ‘

6, Fingal 9, Norma-L 11, Lap 12, ES-say

13, Opt-l-mum 15, Sit 16, Pi-e 18, Useful 20, Atlas 21, Max 22, Cox 23, Pancho
25, Mad 28, Latch

30, Wit-C-h 31, Yeast 32, Gulf 33, Andy

DOWN: 1, Scans 2, Lasso 3, Pill 4, Stare 5, Adam 6, Compel 9, Listen 11,
Aware 13, Gorilla 15, Dam 16, Wit 18, Jolted 20, Anger 21, Pew 22, Not
Feared 25, Bid. 28, Italy 30, Diary 31, Tends 32, Ball 33, Bite

! HE PUT A FROG



HOW many words of four letters
or more can you make from the '
letters shown here? In making a
word, each letter may be used

. once only. Each must contain the
centre letter and there must be at
least one nine-letter word. No

Good 20; very good 30; excellent 39
(or more). Solution tomorrow.

ACROSS: 4, Scarce 7, Clarinet 8, Alarms 10, Nasal 13, Grim 14, Slow 15, Does

THE TRIBUNE BUSINESS









Percentages

appear to be a favorite to go down
one. Nevertheless, with correct play
you can raise your chances to much
better than 50 percent.

After taking the opening spade
lead, you draw trumps, cash the ace
of clubs and then run your remaining
spades and hearts. This reduces your
own hand to three diamonds and the
queen of clubs, while dummy has the
A-K-Q-5 of diamonds. Meanwhile,
if either defender was originally dealt
four or more diamonds and the king
of clubs, he cannot discard safely on
the last heart.

In the actual deal, East is the one
who succumbs to the pressure. When
the fifth heart is led, he is forced to
discard the king of clubs — his only
hope is that his partner has the queen
— after which you take the last four
tricks with the club queen and A-K-
Q of diamonds. Observe that the
squeeze would work exactly the
same way if the East-West hands
were interchanged.

Note also the critical importance
of cashing dummy’s ace of clubs
before running all the spades and
hearts. If this is not done, the squeeze
won’t work against East. This is
because if the dummy has been
reduced to the club ace and four dia-
monds after the first eight tricks, East
can safely unguard his king of clubs,
since declarer cannot get,back to his
hand to cash the queen of clubs.

Cia |

nry

Y moray nary nasty

sy Satyr se:
amy ston:

‘amy

y stormy

ary tray tre

y troy tyre

e
year yearn yeast yeoman yore

edition)

mayor meany meaty

monetary mon

ary oyster ro:
ya stay stayer ste

arty easy entry many maso
y Stye tansy te

a,

story str:
tyro yarn

mastery matey
MONASTERY

sentry so:

YESTERDAY'S SOLUTION ©

amnesty army

nosey nosy not

ay

word

a compressed
music data
format



Rogelio Antonio v Dao Thein
Hai, Malaysian Open 2005. With
China and India aiming to
become chess superpowers and
smaller Far East nations
benefiting from the increased
tournament activity, Asia is
currently the growth area for
chess. The game was given
official status in last year’s Asian
Games in Qatar, it is believed
that Beijing will allow it as a
demonstration sport at the 2008
Olympic Games, while Qatar
plans to bid for the 2016
Olympics and has said that chess
will be part of the package. In
today's position White is
attacking, and though Black
seems to have a solid defensive
formation it took the Philippines
master Antonio (White, to play)





just two turns to induce his
Vietnamese opponent to resign. |
What happened?





YOU AND HOBBES JUST
WATCH TV AND BE GOOD,
OKAN ?







YIDEORAMA? I'D LIKE To
RENT a AND SOME

MOVIES!











oo
TUESDAY,
ARIES — March 21/April 20 |
Listen to what others have to say this
week, Aries. Some of them make
very valid points. A close friend is

having romantic problems. Offer
your sage advice. =

TAURUS - April 21/May 21 |
Loved ones are being secretive about
a family matter. Be. patient; you'll
learn the facts soon enough. A
romantic interest wants to take your
relationship to a new level.

GEMINI- May 22/June 21 |
A business associate reveals his or her
true feelings for you.-No matter how,
you feel, don’t get involved with him)
or her. It only will create problems at
work.
CANCER - June 22/July 22 |
You have a falling out with that spe-
cial someone early in the week,
Cancer. While you have every right
to be angry and upset, don’t make any
drastic decisions. An acquaintance
asks to borrow money. Be wary.
LEO - July 23/August 23 _
Don’t let a compliment from a co-
worker go to your head. You must
keep giving 100 percent. A loved one!
has good news. Help him or her to cel-}
ebrate. Libra plays an important'role.

VIRGO -— Aug 24/Sept 22

Be honest when a good friend asks
for your opinion about a new rela-
tionship. You meet an interesting!
person while running errands. This}
could be the one! |

LIBRA - Sept 23/Oct 23
Don’t let a minor setback get you:
down, Libra. You still can reach’
your goal. A loved one. is con-!
cerned about you. Don’t ignore his!
or her questions. i
SCORPIO — Oct 24/Nov 22
You have a lot to do this week,
Scorpio. Stay focused on the tasks at’
hand, and don’t let others distract:
you. A friend of a friend asks a favor’
of you. Do what you can. i
SAGITTARIUS - Noy 23/Dec 21
Don't take your personal problems to:
work with you. Your superiors are
expecting a lot from you this week. A
loved one lets you in on a family
secret. Leo plays an important role
on Thursday.

CAPRICORN - Dec 22/Jan 20
A friend wants to set you.up on a blind
date. While he or she means well, the
date has potential to be disastrous.
Follow your own instincts when it
comes to romance.

AQUARIUS — Jan 21/Feb 18
Don’t get in over your head when try-
ing to help a co-worker this week.
While you want to help, you have a lot
of your own work to do.That special
someone has a surprise for you.

PISCES — Feb 19/March 20

When you see something that you
want, go after it. No one is going to
help you, A loved one needs to talk to
you about a personal problem. Listen
to him or her, and try to be supportive.

CHESS by Leonard Barden |

Csr et



| |

c

|
°
-

o
a

LEONARD BARDEN

oo SFSFSFSFSFSFSFSFMMMMFsFhFeFEeFese

-*
Chess solution 8317: 1 Qxg7+! Kxg7 2 Nd5! Resigns. If

exd5 (else White regains the queen with a bishop

it 29, ahead) 3 Nf5++ Kg8 4 Nh6 mate.
Mensa quiz: Sport. The words are Tasty, Topaz, Trout,
Three and Tatty.

All 12,

23,





THE TRIBUNE BUSINESS

TUESDAY EVENING

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

NETWORK CHANNELS

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, The Insider (N) {NCIS “Ex-File” Gibbs and Lt. Mann |The Unit “Always Kiss Them Good- |Cane Alex devises a scheme that.
WFOR | A (CC) investigate the murder of a Marine |bye" (N) © (CC) forces Frank to choose between his
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gets Nick a job. married. Miley perform. (CC) fighting case. (N) © (CC)
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(CC) fugitive hunt. Jing for Jonah, ferent cases. surrender. tcc) coaster. toys. (CC).
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@ wsvn footless corpse that was found in |lowship candidates into two teams



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HALL he Wrote (suspects a con man who insures a |Stafford, Julie Sommars. Matlock defends a rare-coin dealer accused of
(CC) Mark Twain manuscript. murder. (CC)



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|Family Guy Bri- Beauty and the Geek The beauties Reaper Sam must capture the soul {CW11 News at Ten With Kalty
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- PREMIUM CHANNELS

(:00) Five Days Five Days (N) © (Part 2 of 5) (CC)/ % * x BLOOD DIAMOND (2006, Adventure) Leonardo DiCaprio, Jen-
HBO-E {n (Part of 5) - |nifer Connelly, Djimon Hounsou. Two men join in a quest to recover a
(CC priceless gem. () ‘R’ (CC)




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Ewan McGregor, Natalie Portman, Hayden Christensen. Anakin Skywalker joins the dark
side and becomes Darth Vader. 1 'PG-13' (CC) :

j 6:45) % & & IN HER SHOES (2005, Comedy-Drama)
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must find their boss's killer. © 'R’ (CC avoc between two sets of lovers, 1 ‘PG-13' (CC)

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LOCK, STOCK Brotherhood “Down in the Flood [Dexter ‘Waiting to Exhale” (iTV) 7 [Weeds “The Sev-|Weeds ‘The Sev-
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, Still Standing _ |Reba Reba hires |Reba ‘Hello, My. | x * AMBER FREY: WITNESS FOR THE PROSECUTION (2005, Docu-
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erupts. tant. Cheyenne” (CC) |Scott Peterson helps convict him. (CC)

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(an) Yo Amo a |Amar sin Limites Un hombre lucha |Destilando Amor 5.0.5, Sexo y Otros Secretos Un
UNIV luan Querendén| para salvar a la mujer que ama. reat de la vida modema de la mu-
jer latina,

Curb Your En- |Curb Your En- | % * SCOOP (2006, Romance-Comedy) Scarlett Jo- {COMEDY IN THE
HBO-P thusiasm Dog: thusiasm ‘The |hansson, Woody Allen. A journalism student probes a |MUSLIM
gie-bag dispute. |Freak Book’ mystery in London, ‘PG-13' (CC) ~ |WORLD .







6:25) & kk % | & & OFF THE BLACK (2006, Comedy-Drama) Nick](:45) % xx BOYNTON BEACH CLUB (2005, Ro-
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OCITOBER 9, 2007,. PAGE 7B



let Charlie the
Bahamian Puppet and by
his sidekick Derek put ay

some smiles on your

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McHappy Hour at McDonald's in
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from 3:30pm to 4:30pm during the
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Enjoy Great Food, Prizes and Lots of Fun,

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‘

PAGE 8B, TUESDAY, OCTOBER 9, 2007

Wall Street mostly slip after last week’s
run-up; investors await 5Q earnings

MADLEN READ ;
AP Business Writer

NEW YORK — Wall Street
finished a quiet session mostly
lower Monday as investors
cashed in some gains from last
week’s rally and readied for
quarterly corporate earnings
reports.

The Treasury bond market
was closed for the Columbus
Day holiday and there was no
major economic news to guide

‘investors, so Wall Street
remained cautious ahead of the
flood of third-quarter results.
Aluminum producer Alcoa Inc.,
one of the 30 Dow Jones indus-
trial average components, kicks
off the earnings season on Tues-
day.

Earnings are expected to
reflect the difficulty some com-
panies have faced — particu-
larly i in the financial and hous-
‘ing sectors — following
upheaval in the credit markets
amid overly leveraged debt and

‘defaults in subprime mortgages.
The reports will also give insight
‘into the fourth quarter, which
market participants predict will
bring more robust growth.

“There’s room for a rally if
third-quarter earnings come in
stronger than expected, but they
do want to see that the fourth
quarter is going to be strong as
well,” said Ryan Detrick, senior
technical strategist at Schaef-
fer’s Investment Research.

. Trucking company Ryder
System Inc. contributed to Wall
Street’s wariness Monday when

it lowered its third-quarter and
full-year forecasts on weakness
in its fleet management busi-
ness.

The Dow fell 22.28, or 0.16
percent, to 14,043.73.

Broader stock indexes were
mixed. The Standard & Poor’s
500 index fell 5.01, or 0.32 per-
cent, to 1,552.58, while the Nas-
daq composite index rose 7.05,
or 0.25 percent, to 2,787.37.

Trading volumes were low,
with many investors on the side-
lines for the holiday. Declining
issues outnumbered advancers
by nearly 2 to 1 on the New
York Stock Exchange, where
consolidated volume came to 2
billion shares, down from 2.93
billion shares Friday.

There was also light trading
because the market is waiting
for Tuesday’s release of min-
utes from the Federal Reserve’s
Sept. 18 meeting, when policy
makers lowered interest rates
by a half-point. Wall Street
hopes the minutes reveal hints

. that more rate cuts are in store,

which could further loosen the
credit markets and fuel spend-

ing.

The tech-heavy Nasdaq got a
boost from Google Inc., which
surpassed $600 for the first time
and extended a monthlong ral-
ly after upbeat projections
about third-quarter earnings.
The company’s initial public

-offering price was $85 in August

2004, and shares on Monday
rose $15.57, or 2.6 percent, to
$609.62.

’ The Nasdaq was also lifted



Mary Altatfer/AP

ee WORK on the floor of the New York Stock eae before the ofoei bell in New York
ast wee

by Business Objects SA, a
French company with U.S.-trad-
ed shares that rose $7.56, or 15
percent, to $57.83. German soft-
ware company SAP AG said
late Sunday it would pay $6.79
billion for Business Objects SA.
SAP fell $2.87, or 4.9 percent, to
$56.36. -

SAP’s bid for Business
Objects preceded a $1.1 billion
bid Monday morning from
diversified conglomerate Tex-
tron Inc. for United Industrial

Corp. Textron fell $1.37, or 2.1
percent, to $64.01, and United
Industrial rose $4.77, or 6.3 per-
cent, to $80.39.

Though the credit market is
tighter than it was earlier in the
year, companies still appear to

have an appetite for deal-mak--

ing — which often involves tak-
ing on debt.

“We find it encouraging that
there were two major buyouts
this morning. It shows that the
credit markets are firming up

and companies are coming back
into play,” Detrick said.

Last week, the Dow and the
S&P both rose to new records
as investors sensed that corpo-
rations are likely to bounce
back from last quarter, and that
the economy is unlikely to fall
into recession. The Labor
Department’s jobs report Fri-
day said payrolls increased in
September by a net 110,000, and
that the August jobs climate
was better than previously

THE TRIBUNE

reported.

Bob Doll at BlackRock Inc.
pointed out that jobs growth is
still at its lowest level i in many
years.

“With the U.S. economy con-
tinuing to grow at a relatively

‘Slow pace, the main risk to equi-

ties appears to be the earnings
backdrop,” Doll wrote in a
note. “We are at the cusp of the
third-quarter reporting season,
and expectations are for earn-
ings to be in the mid-single dig-
its, the slowest pace since 2003.”

Many analysts predict third-
quarter percentage growth to
be in the low-to-mid single dig-
its, but the S&P forecasts a
modest decline in total earnings
per share for S&P 500 compa-
nies. S&P, along with many oth-
er market watchers, anticipates
double-digit percentage growth
in the fourth quarter.

Ryder fell $3.33, or 6.8 per-
cent, to $45.92 after cutting its

- earnings forecasts.

Light, sweet crude tumbled
fell $2.20 to $79.02 per barrel
on the New York Mercantile
Exchange. Falling oil prices can
be taken both positively and
negatively by the stock market: ,
they tend to-boost consumer
spending, but they dampen
energy company profits.

Gold fell as the dollar rose
against major rival currencies.

Overseas, markets in Japan
were closed for a holiday.
Britain’s FTSE 100 fell 0.83 per-
cent, Germany’s DAX index
fell 0.35 percent, and France’s
CAC-40 declined 0.24 percent.

Florida budget-cutting agreement finalised,
special session vote now set for Friday

@ By BILL KACZOR
Associated Press Writer

TALLAHASSEE, Fla —
House and Senate budget lead-
ers Monday finalized an agree-
ment to cut about $1.1 billion in
state spending. The two legisla-
tive chambers will vote on it
Friday in what should be a mere
formality.

The two leaders resolved a
couple remaining differences
between the House and Senate
and put aside budget-cutting
long enough to increase spend-
ing for a few issues including
special elections, farm-to-fuel
grants and roof repairs for a
courthouse.

Friday’s votes will close out a
special session called in
response to a shortfall in tax
revenue due mainly to a slump
in Florida’s real estate market.

Even Democrats tempered
their criticism Monday. Except
for two senators they voted in a
bloc against bills to cut the $71
billion budget in both Republi-
can-controlled chambers last
week.

“T’m not outraged,” said Rep.

Jack Seiler, of Wilton Manors,

the ranking Democrat on the

House Policy and Budget Coun-
cil. “I’ve got to be honest with
you, I can’t sit here and scream
or cry foul. I think they’ve done
the best they can.”
Democrats were unhappy
that reserve funds were used to
avoid cuts to education, health
care and water projects, but
GOP leaders said they tried to

avoid reductions that would

affect classroom or people who
depend on state services.
Seiler, though, agreed with
exempting transportation and
economic development projects
from cuts in hopes that could
stimulate the state’s economy.
“Roads, airports, seaports
have to work and they have to
work well,” said House Policy
and Budget Chairman Ray
Sansom, R-Destin. “You can’t
hold back in a growing state to
keep the economy moving for-

-ward.”

Lawmakers, though, have
rejected some spending pro-
posals Gov. Charlie Crist sug-
gested to stimulate the economy
ene expediting highway



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FLORIDA GOVERNOR Charlie Crist calls for an expansion of the
special session dealing with the budget to include automobile
insurance personal injury protection last Monday

and school construction and
using state money to help first-
time home buyers.

Senate Fiscal Policy Chair-
woman Lisa Carlton, R-
Osprey, said lawmakers did
increase state spending on one-

. time projects when they faced a

short-term revenue shortfall in
2001.

“This is a little bit different
situation in that our revenue

estimators have told us that this

could be a long-term recurring
revenue loss — two or three

years if not longer,” Carlton
said.
Sansom and = Carlton

resolved a couple. issues that
conference committees were

’ unable to agree on last week.

In one case, Sansom accepted
a Senate proposal to use trust
fund money for a special needs

center in Brooksville.

They compromised on a
House proposal to remove a
$1.5 appropriation for printing a
driver license handbook with-
out advertising. The money
came out, but they added a pro-
vision that lets the Department
of Highway Safety and Motor

Vehicles ask the Legislative.

Budget Commission to restore
it depending on the outcome of
a lawsuit.

Some driving schools have
challenged the publication —
free to the state — by another
school that uses the handbook
to advertise itself.

The two budget leaders also
agreed to add $1 million for spe-
cial elections, mostly to fill leg-

- islative vacancies caused by.sev-

eral resignations and the recent
death of Rep. Mike Davis, R-
Naples. They also added
$50,000 for the farm-to-fuel
grants and $1 million to fix the
3rd District Court of Appeal’s
roofin Miami. —

With budget issues resolved,
lawmakers now are turning
their attention to their next spe-
cial session, which will deal with

property tax relief.

No dates have yet been set, .
but it must be completed by the
end of October to get a pro-
posed state constitutional
amendment on the Jan. 29 pres-
idential primary ballot.

A judge has removed a pre-
vious amendment the Legisla-
ture proposed, ruling its ballot
summary was misleading and
inaccurate.

That Republican-sponsored
measure would have phased out
the existing Save Our Homes
Amendment, which caps annu-
al property tax assessments for
primary homes at 3 percent, and
replaced it with a “super
exemption.”

House Speaker Marco Rubio,
R-West Miami, last week said
any new proposal likely would
leave the popular Save Our
Homes Amendment intact.
That’s fine with Democrats who
opposed the Republican
amendment.

“We were saying since June it
was a failed proposal and it was
a flawed proposal,” Seiler said. -
“Now they’ve come to realize
that.”

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Futures for energy, metals and agriculture fall sharply as dollar bounces back

@ By LAUREN VILLAGRAN
AP Business Writer

NEW YORK — Commodi-
ties prices plummeted Monday
as the U.S. dollar regained
strength against the euro, dri-
ving up the cost to foreign buy-
ers of everything from energy
to metals.

Industrial and precious metals
prices slumped, with sizable

declines in copper, silver and

old. Oil prices slid more than
$2 to close below $80 a barrel,
pulling other energy prices low-

er. Agricultural futures also.

tumbled.

Raw materials from crude oil

to wheat came sharply off the °

peak levels of recent weeks, as
the U.S. dollar recouped some
of the ground it lost to the euro
and other major world curren-
cies. Commodities, largely
bought and sold in dollars, lost
some of their attraction to over-
seas investors as the green-
back’s rebound had the effect
of a price markup and dented
demand.

Gold prices, which often move
opposite the dollar, retreated as
investor confidence in the U.S.
currency improved. December
gold fell $8.50 to settle at $738.70

an ounce on the Nymex, while
December silver shed 13 cents
to $13.36 an ounce.

Industrial metals pulled back
in New York and overseas. On
the London Metal Exchange,
nickel and zinc prices fell more
than 2 percent, while tin and
copper prices shed nearly 3 per-
cent. Nymex copper slid 11.25,
cents to settle at $3.613 a pound
on the Nymex.

Crude oil for November
delivery dropped $2.20 to settle
at $79.02 a barrel on the New
York Mercantile Exchange —
its lowest in almost a month —
while gasoline futures shed 4.91

cents to $2.0002 a gallon.
Nymex heating oil fell 6.39 cents
to.settle at $2.1596 a gallon.

Energy futures sagged all day,
but selling gained momentum
after Royal Dutch Shell PLC
said it would raise production
at a Nigerian oil terminal that
had been shut for more than a
year due to violence in the
region. Nigeria is a top supplier
of oil to the U.S.

Trading volumes were low as
many traders were off for
Columbus Day and a holiday
in Japan.

The dollar’s climb on Mon-
day was rooted in a shifting out-

look for the U.S. economy and
interest rates. A strong jobs
report on Friday calmed
investor concerns that the finan-
cial and credit market turmoil
of recent months would spread
to other areas of the economy.
Since then, market expectations
for further interest rate cuts
have been reduced considerably.

Federal funds rate futures, a
gauge of market expectations
for interest rates, now point to a
52 percent chance the Federal
Reserve will leave rates
unchanged when it meets in Oct.
30-31. Futures also point to a
decreasing likelihood the Fed

will trim rates in December.

The 13-nation euro bought
$1.4048 late Monday, compared
with a peak of $1.4284 on Oct.
di

In the agriculture market,
wheat prices plunged the daily
limit permitted by the Chicago
Board of Trade and held at that
low through most of the session
while other agriculture futures
also declined. December wheat
lost the 30-cent maximum to
end at $8.60 a bushel, while
December corn fell 2.5 cents to
$3.3975 a bushel. November
soybeans shed 15 cents to settle
at $9.255 a bushel.







Full Text




CLOUDS, SUN,
| STORM



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© USA TODAY —

BAHAMAS EDITION







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TUESDAY, OCTOBER 9, 2007






lie called to TV star row

Local personality

in altercation with
former MSNBC TV
anchor Rita Cosby

By ALISON LOWE
Tribune Staff Reporter
alowe@tribunemedia.net

POLICE were called to the
scene after a.local media per-
sonality was involved in a heat-

ed altercation with former :

MSNBC TV anchor Rita Cosby
outside Sandals Resort on Sun-
day.

Lincoln Bain, one of the two
creators of the Bahamian TV
show, “Controversy TV”, said
the dispute broke out when he
met with Ms Cosby about her
desire to set up a meeting with
the two former nannies of the
deceased Anna Nicole Smith.

Mr Bain is spokesman for the
Haitian women, who are resi-
dents of the Bahamas.

Ms Cosby has been in the
Bahamas since Saturday. Mr
Bain claims her visit was the
result of a phone call he
received shortly after the publi-

cation of her now best-selling
book “Blonde Ambition.”

During the phone call. Mr
Bain claimed, she said she
would like to meet with the
nannies, who are quoted exten-
sively in her book. She offered
to be interviewed on Mr Bain’s
TV show.

She admitted to Mr Bain at
that point, and later in an inter-
view with.The Tribune, that she
in fact never met with the nan-
nies nor spoke with them before
the publication of her book.

Ms Cosby, however, alleges
that it was Mr Bain who made
contact with her and invited her
to the Bahamas on the basis

that there were affidavits sworn -

by the nannies that she would
be able to see which would cor-
roborate her book’s claim. Mr
Bain denies this version of
events.

SEE page nine

Rita Cosby claims she was ‘set up’
over meeting with Haitian maids

TV PERSONALITY Rita Cosby claimed last night that she
was “set up” in the meeting with the two Haitian maids, who
appeared to change their story when she refused their alleged

requests for money.

“TI came down here because J had heard that they wanted to meet
up with me with no strings attached,” she told The Tribune.

“They said there was an affidavit I could see and that they had
further information to corroborate the things I said in my book.

“T am shocked, disappointed and disgusted and you have to
wonder who’s behind this. | am very disappointed that they have

SEE page nine

A cS
cS

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Taste





RITA COSBY speaks to the Bahamian nn yesterday. nea Bain (right) looks on.

Search for pair
who escaped
police after
attempted robbery

POLICE in Grand Bahama
are aggressively pursuing two
men who eluded authorities
during a high-speed chase after
an attempted robbery at a pop-
ular night spot.

The alleged attempted rob-
bery occurred at 2am yesterday
at the Wreck Bar, Madeira
Croft, when two men entered
the bar wearing masks to con-
ceal their identity.

Both men were armed with
shotguns and held up the bar-
maid and patrons, demanding
cash.

Police reports indicate that
panicked patrons began scream-
ing during the event, alerting
the proprietor of the bar who

SEE page nine



| By TANEKA THOMPSON

: been accused of “attacking the
: messenger” by calling into ques-

: dent audit performed by the
: British Crown Agents which
: investigated the number of con-
: tracts awarded by the former
; administration.

Deveaux made this statement yes-

Minister: senior PLPs
‘attacking the messenger’
Tribune Staff Reporter
tthompson@tribunemedia.net

SENIOR PLP éfficials have

tion the accuracy of the indepen-

JJ “hy
Earl Deveaux

Minister of Works Earl

terday during a telephone interview in response to comments

made by former Minister of Works Bradley Roberts.
“We...used the report which had been in the possession (of

: the former administration) to outline why this matter was of
: a concern to us, and why it should have been of concern to
_}. them. Minister Roberts is attacking the messenger, rather
_| than the message.”

SEE page nine





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_../im Clarke/Tribune staff

PLP government
exceeded last
year’s budget by
over $170m

@ By BRENT DEAN
Tribune Staff Reporter
bdean@tribunemedia.net

_THE PLP government far
exceeded last year’s budget esti-
mates by nearly $171.64 million,
having spent at least $88.59 mil-
lion more in recurrent expendi-
ture and $83.05 in capital expen-
diture.

These figures come from the
package of supplementary
appropriation Bills Prime Min-

SEE page nine

Claim that staff
requested police
raid on gay event

@ By ALISON LOWE
Tribune Staff Reporter
alowe@tribunemedia.net

POLICE raided a gay event
at the Hard Rock Cafe down-
town on Saturday at the request
of some of the cafe’s employ-

’ ees, it was claimed yesterday.

The employee said that she
and other staff members decid-
ed to call 911 because there
were numerous naked gay men
“wandering through” the build-
ing during the party.

According to a patron, who
contacted The Tribune on Sun-
day, the party was attended by
about 200 BGLT (bisexual, gay,
lesbian and transgender)

SEE page nine

i CORRECTION

IN AN article printed on the
front page of Saturday’s Tribune
under the headline “Plays and
Films Control Board chair seeks
to explain censorship process,” it
was incorrectly suggested that a
number of individuals were mem-
bers of the Christian Council’s anti-
gay agenda committee.

Galleria Cinemas CEO Chris
Mortimer, attorney Lester Mor-
timer and COB lecturer Michael
Stevenson are not part of the Chris-
tian Council committee.

Rather, they were panelists at a
public meeting called by the
Bahamas Plays and Films Control
Board.

Head of the anti-gay committee
Pastor Lyall Bethel-was also on the
panel.

The Tribune apologises for any
inconvenience the error may have
caused,



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ey
PAGE 2, TUESDAY, OCTOBER 9, 2007

‘ THE TRIBUNE





Anti-gay campaigner considers
legal action against talk show hosts

ANTI-GAY campaigner
Clever Duncombe is consid-
ering legal action against two
talk show hosts for allegedly
besmirching his name.

He is consulting lawyers
with a view to sue attorney
Fayne Thompson and broad-
caster Steve McKinney for
remarks made on the Island

FM weekend radio show.

Parliament Street.

Mr Duncombe took issue
with comments made during
a call-in programme on
homosexuality “which tried
to smear (his) character.”

“IT am consulting lawyers
to see what can be done
about this,” he told The Tri-
bune. “These two were tak-
ing cheap shots at me. I
don’t think my character
should be assassinated.
Broadcasters should have a
responsibility for making
sure people’s names are not
besmirched.”

Clever Duncombe
claims comments ‘tried
to smear his character’



The programme was dis-
cussing Mr Duncombe’s

campaign to have the 1991 -

Sexual Offenses Act rescind-
ed.

He claims the act allowed
the homosexual lifestyle

to become part of the

social culture of the
Bahamas.

He believes there should
be a referendum to see if
Bahamians, who were not

consulted before the 1991

act, agree that homosexuali- .
ty should be decriminalized.

“I am not attacking gays
‘and lesbians as individuals,”
said Mr Duncombe, “but I
believe we should have a say
on whether homosexuals
should be able to flaunt their
lifestyles in front of the rest
of us.

“If privacy is the issue
here, then I don’t see why I
should have to see drag
queens around my streets or
unusual characters display-
ing their femininity in pub-
lie:

Mr Duncombe said Steve

Clever Duncombe



McKinney had an axe to
grind with him because he
had publicly questioned the
high fees he was paid by the
PLP,

Fayne Thompson denied
accusations by Mr Dun-

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combe that he or Mr McK-
inney in any way
“besmirched” his name, but
added that a decision by Mr
Duncombe to pursue legal
action against him was his
“democratic” right.

Mr Thompson asserted
that the show weighed the
need for a repeal of the 1991
Act.”

He said the Bahamas
should be dealing with “big-
ger” and more “important
issues” rather than debating
whether to “police what
homosexuals do in the pri-
vacy of their boudoirs.”

“Our show (on Sunday)
was not about the gay agen-
da or support of it,”

Mr Thompson told The Tri- .

bune.

“If I remember correctly,
the comment made was
directed at the Christian
Council — there was no com-
ment made or directed at
Cleaver Duncombe.”

However, Mr Duncombe
said the talk show debate
centred on the apparently
now widely accepted
assumption that homosexu-
ality should be part of the
country’s social culture.

Referendum

“I beg to differ,” he said,
“I want to know whether
Bahamians want this to be
so. If they do, and express
their wish through a refer-
endum, then I would accept
it and start to resocialise my
daughter on this issue.”

Mr Duncombe said
response to his campaign
had been “overwhelmingly
positive” but added that he
still wanted to know the
Bahamas Christian Council’s

_ posture’ before deciding his

next move. .

“The Christian Council’s
response will weigh heavily
on whether we become allies
or foes,” he said.

A series of town meetings
is planned over the next few
months to test public feeling
on the issue.

The gay debate was
sparked by the Rainbow
Alliance’s call for a gay
channel on cable television.

The Christian Council
responded by forming a sub-
committee to counter the
gay agenda.

Mr Duncombe would like
to see a return to the pre-
1991 era when the gay
lifestyle was outlawed.

When contacted yesterday,
Mr McKinney declined to
comment on the matter.

Showroom Floor Assistant



Tim Clarke/Tribune staff

eh g2- YEAR: OLD Nicole Octelus
ie yesterday at court.

Third man

in court in
connection
with murder of
Shawn Evans

@ By NATARIO
McKENZIE

THE third man to be
charged in connection with
the murder of Shawn Evans
of Pride Estates was
arraigned in Magistrate’s
Court yesterday.

The accused, Nicole
Octelus, 32, of Allen Drive
off Carmichael Road, has

also been charged with the —

attempted murder of one of
the witnesses in the Shawn
Evans murder case.

Octelus was arraigned
before Chief Magistrate
Roger Gomez at court one
in Bank Lane yesterday to
face the charges of murder
and attempted murder.

He is charged along with
Smith Charitable, 33, also
known as Ishmael,.and
Michael Joseph, 21, also
known as Michael France,
in connection with the mur-
der of Evans, 32:

Charitable and Joseph
were arraigned on the
charge about three weeks
ago.

According to court dock: |

ets; itis alleged by the,pros- —

ecution that on Sunday,.....
September 16, Octelus,
along with Smith Charitable
and Michael Joseph inten-
tionally and unlawfully
caused the death of Shawn
Evans.

On the charge of
attempted murder, it is
alleged that he on Saturday.
September 29, while con-
cerned with others Octelus
attempted to cause the
death of John Lubin who is
listed as a witness in the
Shawn Evans murder case.

Octelus, who was not rep-
resented by an attorney, was
not required to enter a plea
to the charges.

He was remanded to Her
Majesty’s Prison, Fox Hill.
The case has been
adjourned to April 14 and
15, 2008.

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cH

THE TRIBUNE



Two vessels

apprehended
for suspected |
illegal eniegs

THE Royal Bahamas
Defence Force yesterday
reported the apprehension of
two Bahamian registered
fishing vessels suspected of
being in violation of the
Immigration Act.

Reportedly, both vessels
had persons onboard who
were either not holders of
permanent residency, or
spousal permits allowing
them to fish in the Bahamas.

The apprehensions
occurred on Sunday after-
noon when crew of the
HMBS Nassau was out on
routine patrol in the area of
the Cochinos Banks.

“The Bahamian registered
fishing vessels were boarded
by the Defence Force
marines,” a release from the
RBDF said. “A search of the
vessel discovered several
crew-members with immi-
gration irregularities,” it
alleged.

“It.is important that own-
ers and captains of all
Bahamian fishing vessels
have work permits or proper
documentation for all non-
Bahamians engaging in com-
mercial fishing in the exclu-
sive fishery zone of the Com-
monwealth of the Bahamas,”
the release said.

Man accused
of rape of
22-year-old
woman

A 36-YEAR-OLD Market
Street man was arraigned in
Magistrate’s court yesterday,
accused of the rape of a 22-
year-old woman.

Rodney Brown was
arraigued before Magistrate
Susan Sylvester at Court 11
in Nassau Street on the rape
charge.

According to court dock-
ets, it is alleged that Brown
ecrimitted the offence on
Tuesday October 2, 2007.

Brown was not required to
enter a’plea to the charge.

He was remanded into cus-
tody until Thursday when he
is to return to court for a bail
hearing.

Youth faces
charge of
indecent
assault on girl

AN 18-year-old Gambier
Village man was arraigned-in
Magistrate’s Court yesterday,
in connection with the
alleged indecent assault of a
13-year-old girl.

Quardero Dean _ was
arraigned before Magistrate
Carolita Bethel-at court eight
in Bank Lane on the charge
of indecent assault.

Dean pleaded not guilty to
the charge and was granted
bail in the sum of $7,500.

The matter was adjourned
to April 16.

ide
EXTERMINATORS

FOR PEST PROBLEMS
PHONE: 322-2157



m@ By PAUL TURNQUEST
Tribune Staff Reporter
pturnquest@tribunemedia.net

SYLVIA Cates was a pillar
of the community and did not
deserve to die in the manner
she did, her relatives told The
Tribune yesterday.

David Cates, the son of Sylvia.
Cates, said he wants the public

to know who his mother was —:

not just the country’s latest
homicide statistic, but a won-
derful and decent person.

“My mother was laid off on
the floor, covered over in a
quilt, and bludgeoned to death,
and almost beyond recognition.
And this was in her bedroom.

“IT know that a lot of other
people in the country have had

a lot of crime and people suf- ,

fered a lot. But I hate to see
just ‘Murder number 40’, you
know. That was a person.

“T want the country to know
what my mother looked like,

~ and that she was a decent per-

son. She was not a person to sit

down and be idle. She was
involved in her community. If
people needed clothes she
found clothes for them.

“If people wanted food, she
found food for them. In the
Hurricane Floyd relief effort,
she ran her own thing, inde-
pendent of what the Red Cross
and the government were
doing. She had things flown in
from Freeport. — I don’t know
how she made the arrangements
— but she got water and beds
and all sorts of things to peo-
ple who needed it. And she did
it out of genuine concern for
people,” he said.

Sylvia Cates was found in the
bedroom of her home in Rock
Sound, Eleuthera wrapped in a
quilt. Her face had numerous
bruises, and cuts about the body
suggest that she may have been
assaulted with a knife as well.

Police said yesterday that
they have no new leads in the
case, but that investigations con-
tinue.

Mr Cates, accompanied by

his wife Elaine, came to The
Tribune yesterday to speak
about Sylvia Cates, who left
behind six children and 11
grandchildren.

Her husband, local preacher
Leroy ‘Ray’ Cates, died from
cancer five years ago and is
buried in South Eleuthera.

Shock

This latest homicide shocked
the small community of South
Eleuthera, Mr Cates said. And
if nothing is done to curb this
upward spiral in crime, he
warned, the public will read

“about this kind of violent act

“more and more.”

“I believe last week we had
three murders in the country —
and it’s going to get worse,” he
said. “It is going to get worse if
something doesn’t ... I don’t
have the answers for it, but
something has to be done about
it.”

Mrs Cates added that her

Alleged brutality victim ‘making progress’

m@ By TANEKA THOMPSON
Tribune Staff Reporter
tthompson@tribunemedia.net

DESMOND Key, who was
said to have been left “brain
dead” as a result of alleged

police brutality, continues to’

steadily improve in a hospital
in Florida, family members said
yesterday. —

After lying in a comatose
state in the ICU of Princess
Margaret Hospital for several
weeks, where his condition
appeared to worsen, Desmond
was airlifted to the Jackson
Memorial Hospital in Miami,
Florida in August.

“Desmond seems to be

improving,” his grandmother,
Verona Bastian said yesterday.
“He’s still in a coma (but) he
can open and close his eyes, and
he tries to raise his heads arms,
and legs.”

In. spite of these small

improvements, Ms Bastian told
The Tribune that doctors at the
Jackson Memorial Hospital
speculated that if Desmond
does ever recover from his
coma, he may remain blind.

“T feel a little comfort that he
is slightly improving,” Ms Bast-
ian said yesterday. “But I don’t
feel too happy about Desmond

_ being blind.”

Ms Bastian explained that
any possible handicap as a result
of the injuries he sustained
would-severely impact her
grandson’s ability to provide for
his family. As a road worker
and father of six, losing his sight
would make it extremely diffi-
cult for Desmond to retain his
job, she said.

While Desmond is being tak-
en care of by an “expert” team
of doctors, his family remains
aware that he may not emerge
from his unresponsive state.

“When he went there he was

very, very ill, so we do not
expect an instant miracle,” his
grandmother said.

Desmond was taken into
police custody on June 17 in
connection with an alleged traf-
fic violation, and remanded to
the Grove Police Station.

There, his family claims, he
was beaten in his cell by offi-
cers. i

The incident attracted nation-
al attention and sparked con-
siderable debate on radio talk
shows.

Two police officers were
arraigned before the Magis-
trate’s court on charges stem-
ming from the matter. The case
was adjourned to December 18.

While waiting for the case to
be heard before the courts,
Desmond’s family transferred
him for treatment in the United

States ‘after doctors “at*-PMH **

said there was nothing more
they could do for him.

Scotiabank contest offers $10,000
in prizes for innovative vision

LOCAL bank managers are
encouraging bright young
Bahamians to take advantage
of a chance to $5,000 and help
shape the future of industry.

Yesterday, Scotiabank
launched the Scotiabank
Change-Maker Challenge, an
online contest offering a total

of more than $10,000 in cash .

and prizes.

The contest asks young adults
and students in the Bahamas to
share their vision for innova-
tion in banking.

Submissions will be accepted
until November 16 and the
grand prize winner will be
announced in mid January,
2008.

“This is a very exciting com-
petition for us and an excep-
tional . opportunity for
entrants,” said Debra. Wood,
senior manager for marketing
and public relations at Scotia-
bank. “Not only do individu-

als have a chance to win some

great prizes, they also get to
present their ideas to the men
and women who run the largest

INDEX



Bank in the Caribbean and
have the opportunity to change
the way Scotiabank does busi-
ness.”

The contest asks entrants 18
to 30 years of age, “if they were
CEO of a leading financial insti-
tution, what fresh new banking
service they would like to see
offered to customers.”

This is an online contest in
which individuals are asked to
outline their idea in a 250 to 500
word essay and submit it at
www.change-makerchal-
lenge.com.

“Young people deserve to be
given opportunities to promote
their ideas and be heard,” said
Mrs Wood. “With the Scotiabank
Change-Maker Challenge we are
giving students a chance to show
that they can compete and suc-
ceed on a professional level.”




BAHAMAS

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to manage the maintenance responsibilities for
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maintenance and handyman skills.

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Motivated, confident & independent individual
needed for the listing, selling and closing of real
estate inventory. Candidate should be a licensed
brea agent or have a successful top producer track
record in other sales industry.

Fax resumes to 325-5166 or
e-mail: bahamas@bahamaswaterfront.com
— All Information Held In Strict Confidence

visit us at www.bahamaswaterfront.com

Submissions will be narrowed
down though three levels of
judging. A team of Scotiabank
officials will evaluate all sub-
missions and select the 10 most
innovative ideas.

A panel of judges, made up
of business leaders and senior
Scotiabank executives, will then
evaluate the ideas and choose
the top three.

Those three entrants will be
invited to present their ideas in
person to the panel of judges.

.The grand prize winner will
take home $5,000, and the sec-
ond and third-place submissions
will receive $3,000 and $2,000
respectively.

All qualified entrants will also
have the chance to win one of
five iPod Nanos which will be
randomly drawn in mid Novem-
ber 2007.































faa, ee : : 3 TUESDAY, OCTOBER 9, 2007, PAGE 3
ein brief Murder victim was kind and

generous person, say family

young daughter is afraid of ©
going into her own home after
hearing about what happened
to her grandmother. “She said,

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PAGE 4, TUESDAY, OCTOBER 9, 2007

EDITORIAL/LETTERS TO THE EDITOR

THE TRIBUNE





The Tribune Limited



NULLIUS ADDICTUS JURARE IN VERBA MAGISTRI





BETWEEN the tabled Supplementary
Appropriations Bills for recurrent expenditure
during the 2006/2007 fiscal period and capital
expenditures during the 2005/2006 and
2006/2007 budget periods, and the report’ by
the British Crown Agents — requested by the
Bahamas’ Auditor General — into the issuing
of contracts by the Ministry of Works, this ses-
sion of parliament promises to be a lively one.
The Opposition will certainly have much
explaining to do.

The 18 Heads of Agreement signed with
various developers, and six letters signed
between the Christie government and Baha
Mar Development Company should produce
some political fireworks.

The Supplementary Appropriations Bills
show that the PLP spent almost $171.64 mil-
lion over budget without going to parliament for
approval.

A government can overdraw on a budget up
to $20 million, but any amount over that can
only be done with the approval of parliament. It
now appears that the PLP government did not
go to parliament for that approval. Hopefully
before the year is out the public will be told

why.
On Wednesday, Mr Ingraham laid the appro-

priations bills on the table of the House and

asked for parliamentary approval to legalise
_ the actions of the previous government.

An official told a Tribune reporter that the
PLP’s spending habits and the lack of legal
authority to spend these sums certainly will be
a major issue in the House.

The overspending emphasises, for Sole:
the drain that Bahamasair continues to be on
the Public Treasury. The capital budget for the

airline for the year 2006/7 was $10 million.;:How-
‘ever, the airline-required an-additional $16.5
million to keep it airborne.

The Public Health Authority; which-the PLP
government wanted to further burden with
National Health Insurance patients, needed an

additional $21.975 million for supplies and mate-

FORMER foreign affairs minister Fred
Mitchell gave a curious reason for showing
up in Barbados last month to explain why the
Ingraham government had cancelled Carifes-
ta, which the PLP had planned to hold in the
Bahamas next year.

“We issued a statement from Nassau but
that statement was not carried by the
Caribbean media and so I have come to ensure
that the people of the region know the facts on

this matter and to defend the reputation of

the PLP and the Bahamian people.

“We are poe partners,” said Mr’

Mitchell.

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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.
EILEEN DUPUCH CARRON, C.M.G., M.S., B.A., LL.B.
Published Daily Monday to Saturday

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

Explosive session of House expected



Fred Mitchell to the rescue



Reliability

~Publisher/Editor 1919-1972
Contributing Editor 1972-1991

Publisher/Editor 1972-

rials. Government had budgeted for $13.07 mil-
lion. There was need for another $1.530 mil-
lion from the capital account to pay for hospi-
tals’ renovations and medical facilities.

This resulted in another $23.514 million over
budget.

And so it goes on, each item promises a long
debate, shot through with accusations, counter-
accusations, explanations and excuses. All of
which will probably further expose the incom-
petence of this one-term PLP government.

And, of course, there is still much more to
come out of the British Crown Agents’ report
on the handling of contracts by the Ministry of
Works.

On Wednesday, Works Minister Earl
Deveaux only scratched the surface of the report
when he laid the executive summary of the doc-
ument on the table of the House. The whole
report is expected to follow, if not this week,
then next week.

In its summary, the damning report says that
three quarters of the contracts issued by the
Ministry were awarded to firms without a com-

' petitive bid. The result, said the independent

auditors, resulted in “contractor selection not
being conducted in an open, transparent or fair
manner.”

Already former Works Minister Bradley
Roberts has called a press conference to explain
why he took the short cuts. He said that because
of public demand, and a shortage of contractors
who wanted to submit a bid, the Christie gov-
ernment decided to abandon the bidding
process in favour of negotiated contracts. He
then pointed an accusing finger at the FNM,
claiming that it used the same process in the
recent rush to repair government schools in
time for their September opening.

But-this-is only the tip of the iceberg. This
report contains many allegations that cry out for
investigation: ’

These are only a few of the exposés antici-
pated. Before year end much dirty linen is
expected to be put on public view.

We would like Mr Mitchell to tell us how
many reporters turned up for his press con-
ference and how much coverage he actually
got by appearing on the scene.

We have been told that there was much
jesting about the whole affair with certain
CARICOM members wondering why he
would think they would be interested in such
a petty matter.

Anyway, Bahamians now know that they
have a self-appointed roving foreign affairs
minister in the person of Mr Mitchell.

It really does make the Bahamas look
immature.


























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EDITOR, The Tribune

THANK you for the many
times you have allowed us to
voice our opinions in your most
valuable column. Today we wish
to address our views on two con-
cerns, the first is ignorance and
the second is immigration.

The Bible says that my peo-
ple perish for two reasons:

1) because they lack knowl-
edge

2) because they reject knowl-
edge

First and foremost I must
inform my people to stop allow-
ing themselves to be used. It is
allegedly common practice for
political parties at an election
year to*become political Santa
Clauses, and magicians giving
jobs that they never had, then
there is the disappearing and re-
appearing of illegal immigrants
(seemingly. being deported), hir-
ing where there is no job, oh and
my personal favourite, appear-
ing at every home at least four to
six times in person and all in an
effort to deceive us into giving
our votes,

Mrs Moxy-Ingraham’s Satur-
day morning show was open for
general discussion and was soon
bombarded with opinions on the
present deployment situation of
which I called PLP political
manipulation of our very own.
As stated earlier these ploys are
common practices from time to
time of politicizing not only the
Bahamas but world-wide what-
ever the gift may be. The PLP
allegedly did what was the norm.
Their only problem was they did
not do their home-work, Time
for playing games is over and we
the people are looking for char-
acter, moral standards, integri-
ty and respect for God.

When I was a child I acted and
spoke as a child, now that [ama
man I put away all childish
things. Our message today to all
who are aspiring to become
politicians is we have grown up
and put away all our childish toys
and games, ignorance and all.
Our point is those people who
took those jobs most of them to
our belief knew what was going
on, including my biological sis-
ters and family. I warned them
what was going on. I shared my
knowledge with them about that
particular PLP. Mr Ingraham
presented us with one of our
own in the form of Senator Dr
Jacinta Higgs. Their main con-
cern was if he, Prime Minister
Ingraham, would support -her
and us in Fox Hill after the elec-
tion. Well, like I told them then,
only time can answer that,
Unlike a politician I will not lie
to them but I can assure them
that God had called the Hon-
ourable Hubert Ingraham for



















LETTERS

letters@tribunemedia.net




such a time as this, whether he
aborted us or not.

Back to the point at hand
those people ignorantly and

arrogantly allowed themselves —

to be used and even now we
have people being planted by
their radios to ask and say fool-
ish things to our radio hosts and
their guests, instead of being told
to grow up and move on, the
plan did not work we must all
move on. Instead we are hearing
cries of victimisation, where’s
the government’s heart and give
us a second chance.

Well, that’s all nice and good,
but what about us, the people,
who voted for not a second
chance, but an opportunity to
make a difference. What about
we the people of Fox Hill who
want to work with the young
boys in Fox Hill, who were about
to design Freedom Park and who
are responsible for the bleach-
ers today. What about us who
under Fred Mitchell would
seemingly not be allowed to
complete our vision for our com-
munity. What about those who
have done less because they
don’t know how, but are count-
ing on this government to inspire
them

Mr Prime Minister, you are
the government for the entire
Bahamas and we are trusting
you to bring resolution and
peace where there is unrest. One
thing we ask is that you don’t
allow your government to be
manipulated by arrogant PLPs
who refuse to show the decency
and admit that any government

that preys on the ignorance of .

the people to this degree need
to apologize and are a disgrace
to their country. What is really.
shocking to us young people is
the fact that we have yet to hear
from the original PLPs (names
we don’t wish to call) demanding
that not all but the arrogant gold
diggers and manipulators be



EDITOR, The Tribune

I HAVE read the com-
ments of Senator Bridgewa-
ter, concerning the Summer
Youth Employment Pro-
gramme in Grand Bahama,
the pending election (Marco
City) court case, and the
apparent disappearance of one
of their investors. heretofore
of international renown. After
digesting the gist of her com-
ments, | was tormented in
mind, indeed, shocked, how
soon do we forget.

Have we forgotten the
many horror stories of the
handling of this programme at
the hands of a former Member
of Parliament in the last
administration? I really was
torn between laughing and
crying. On one hand, she
could have only been trying
to.add some comic relief to
mask her poor performance
in the Senate during the Bud-
get Debate. On the other
hand, if she is serious by her
performance in the Senate and
utterances, you cannot pre-
vent the feeling of sadness as
you watch the political melt-
down of one whom as recent
as May 1, 2007; held so much



EDITOR, The Tribune

When I read in The Tribune
about the various groups form-
ing anti-gay campaigns, I wish
these people would get as moti-
vated to form campaigns against
problems like crime, domestic
abuse and violence in schools.

I am really tired of hearing
the paranoid rhetoric about a
worldwide homosexual agenda
to take over society, etc. They
talk as if homosexuality is
something new. It has been
around throughout human his-
tory (as has heterosexuality),
and no doubt will always be
around (as will heterosexuali-

Senator’s comments
show the shortness
of her memory

involved have been hood-

Get over your gay fervour

dealt with and stop bringing
shame to a party name that
made the Bahamas a touristic
destination for all to see and
enjoy.

Next I would like for the peo-
ple of the Bahamas to go to the
dictionary and define the fol-
lowing words: “government” and
“help”. After learning the defin-
ition ask yourself if we are real-
ly seeking help from our goy-
ernment and if our government
is really helping us.

Our next concern is seeking
help in the area of illegal immi-
grants. Fox Hill is over populat-
ed to the point that if you open
your doors or windows between
the hours of 4am and 5am, the
sténch from the slop buckets
being thrown out in the bushes is
sickening for lack of proper bath-
room facilities.

Fred Mitchell seemingly
refused to deliver us from this,
now elections are over we are
hoping as our MP he would join
us in asking the government for
assistance with this situation. Are
we really into helping a nation if
we cannot give proper housing to
these people? We as Foxhillians
cannot get proper homes and
mainly because of the large num-
ber of immigrants in areas such
as Cox Street, Armbrister Street,
Rahming Street, Rose Street,
Foxdale, oh and to my surprise I
was driving through St James
Road and I saw Haitians taking
turns sleeping on the roof. My
God! Are we really helping and if
we are, in which way are we help-
ing? What is our goal as a people,
what is Government help?

To all readers I hope you were
able to receive this letter with
an open mind and realise that
it’s time that we place our love.
for our children and country
above the hatred of a political
party. In doing this we would
have made the first step into
walking out of ignorance. Until
next time, have a super great
week, God bless you.

MINISTER S DAVIS
Nassau
September, 2007

























promise. It is indeed sad to
watch the adage “Hell knows
no fury like a woman
scorned,” acted out before
your very eyes. This I submit is
one for the ages, a Shake-
spearean tragedy in our times
in Bahamaland.

As to the investor, Mr Jasper
Knabb, and his Pegasus ven-
ture, it was no less a person
than Prime Minister Christie,
with MP Bridgewater, in tow,
who went to Grand Bahama
in February, and promoted Mr
Knabb and his investment as
one that would revive, restore
and preserve Grand Bahaima’s
economy. Do we recall the
hoopla surrounding the hiring
of persons to Work in this God-
sent business through then MP
Bridgewater’s law firm office?
How quickly things change. It
now appears that all those

winked, except the good peo-
ple of the Marco City Con-
stituency. The now Senator
appears to have taken to the
hills in full denial. What a time,
what a people, what a tragedy!

DENNIS MARTIN
West End
September 2007



ty). Get over it.

The people who are work-
ing so hard on anti-homosex-
ual campaigns need to get out
of people's bedrooms and put
that energy into campaigns to
fight the real problems we
have in our society.

Finally, there have been
Bible quotes used to justify the
anti-gay fervor. To those who
have been using this tactic, I
would like to remind you that
the Bible also says "Judge not".












FRANCES FARMER,
A Fed Up Heterosexual
Nassau

October 1 2007





THE TRIBUNE

TUESDAY, OCTOBER 9, 2007, PAGE 5



© In brief

Woman jailed
for three
years over
drug charges

A 33-YEAR-OLD woman
was sentenced to 36 months in
prison yesterday, having plead
guilty to drug charges.

Latoya Seymour of Refugee
Drive was arraigned along with
two other women in August on
the charges of possession of
marijuana with the intent to
supply and conspiracy to pos-
sess with the intent to supply.

Seymour pleaded guilty to
the charge on September 19 and
was sentenced by Magistrate
Carolita Bethel yesterday.

The other two defendants in —

the case have pleaded not guilty
to the charges and remain on bail.
Seymour admitted possession
of 120 pounds of marijuana.
According to court dockets,
on Monday August 13, the
- accused was found in posses-
sion of a quantity of marijuana
and also conspired to possess a
quantity of marijuana.

Man accused
of growing
marijuana

A MAN was arraigned in >

Magistrate’s Court yesterday in
connection with the alleged cul-
tivation and possession of mar-
ijuana.

Sergio Eugene Cox, 22, of
Yamacraw Shores was
arraigned before Magistrate
Carolita Bethel at court eight
in Bank Lane.

According to court dockets, it
is alleged that between Saturday,
September 10 and Saturday,
October 6, Cox was found culti-
vating a quantity of marijuana.

It is further alleged that on
the same day, Cox was found
in possession of a quantity of
marijuana.

The prosecution is alleging
that Cox was found cultivating
seven marijuana trees and was

found in possession of four:

grams of marijuana.

The accused pleaded not
guilty to the charges and was
granted bail at $5,000. The mat-
ter-was adjourned to April 10.







LOCAL NEWS

Bishop says parents should pay

for children’s misbehaviour

PARENTS should be made
to pay for their children’s law-
lessness as part of a drive
towards more adult responsi-
bility, a leading pastor has
claimed.

“We don’t need police at
schools,” said Bishop Simeon
Hall, “what we need are disci-
plined, responsible parents in
the homes where these young
misfits come from.”

The pastor said more
Bahamians should take
responsibility for their own
actions and stop blaming oth-
ers.

“What if a heavy fine were
levied against the parents of

children who destroyed school :

or public property? Do you
think we would have to spend
millions of dollars on school
property every year?”
Bishop Hall said some non-
intellectual teenage terrorists
were wearing “a $30 haircut
on a ten cent brain” but

Syinas\e Meu

claimed the wider society was
to blame for the downward
drift.

“Ours is a growing disor-
dered society because people
want to solve problems by
blaming others,” he said during
a sermon at New Covenant
Baptist Church.



“The straw vendors dirtied
the straw market and then cry
that the straw market is dirty.
One arm of the Teachers
Union says one thing, while
another is saying something
else,” he said.

The behaviour of most civil
servants borders on being
criminal, said Bishop Hall.

“Too many civil servants are
just not producing and they
spoil the good name of those
who do excellent work,” he
said.

Bishop Hall said the
Bahamas is a “hard-edged dis-
ordered society” which
required a police force in
which the public can trust.

“We have the potential to
be great, but we lack the will to
do the right,” he added.

But he believed people
could still call the police
because of what they repre-
sent.

Praising police as “the last

Civil servants and churches
under fire for lack of order

CIVIL servants and church-
men came under attack from
Bishop Simeon Hall as he
highlighted causes of the
Bahamas’ crime problem.

He attacked governmment.
officials and employees for
their slackness — and lambast-
ed a “spirit of disorder” in the
church. .

Bishop Hall, in a hard-hit-
ting sermon at New Covenant
Baptist Church, reserved spe-
cial contempt for civil servants
who get to work late, take long
lunch-breaks, and sneak off
early. : :

“Civil servants want to come
to work at 9.30am, have a cof-
fee break at 1lam, have one
and a half hours for lunch, pick
up the children at 3pm and
must leave early because
Prophet Fu-Fu is in town and I

‘have to hear this new word he

has promised.

“Any effort to discipline
anyone is met with a strike
vote. There is disorder in
society and which govern-
ment office can you call after
four and find people work-
ing?”

He said too many civil ser-
vants “just are not producing”,
thus spoiling the good name
of those doing excellent work.

Bishop Hall also said that
the church was not without its
spirit of disorder.

There were almost 4,000
churches scattered across the
nation with an average of three
ordained ministers in each
church.

Of those 12,000 clergymen
and women, there were at
least 4,000 marriage officers.
“That seems to me like a suf-
ficient number to put a seri-

Se loiNee ee)
The National Centre for

BROADWAY —

OTe sat Cee

supplies last)

ous dent in problems of °

domestic violence.

“If marriage officers, them-
selves trained, competent, eth-
ical.and available, would offer
these services to people com-
ing to the church to be mar-
ried, we could change domestic
violence significantly.

“Ninety-seven per cent of all

marriages performed in our
country are performed by
Christian-state-licensed-cler-
gy-persons. If all marriage offi-
cers were to lift the bar on
marital counselling we might
save a life.

“But too few pastors in our
Bahamas are trained to offer
good marriage counselling.
And any effort that demands
that persons entering mar-
riage seeks proper guidance

is met with ridicule and dis-,

dain.”,

bastion” between civility and
disorder, Bishop Hall said: “I
believe we can call on our
police because of the level of
sacrifice their work necessi-

tates.”
Police

He said policemen and
women were angels of the
night, the physical watchmen
of the city. “They put their lives
on the line each moment they
are on duty for us, leaving their
own families vulnerable,” he
added.

The national spirit of law-
lessness. must not .cause
Bahamians to lose faith in the
law enforcement agencies, said
Bishop Hall.

“We must as a people con-
tinue to believe that the best

that makes us Bahamians is
greater than this spirit of vio-
lence and disorder for which
each of us bears a degree of cul-
pability.”

Bishop Hall said no-one in
the Bahamas should have justi-
fiable reason for pointing a fin-
ger at any police officer.

“If one police officer on the
force commits an egregious act,
then the whole force will bear
the .blame,” he © said.

“So critical and pivotal are our

police and their behaviour to
our social order that any act
that diminishes public confi-
dence in our police retards our
nation’s progress.

“And yet I believe I am well
within the mark when I say that
most Bahamians feel good
about the police and other law
enforcement agencies,”

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PAGE 6, TUESDAY, OCTOBER 9, 2007

THE TRIBUNE



@ By TANEKA THOMPSON e #oeF e phone card booths attracted a
masse" Police say most are properly licensed Siete»
tthompson@tribunemedia.net bourhoods they “sprout up” in, on

: ACP Hanna acknowledged that 38
MEMBERS of the. business the booths are “cash cows” and sek

community say they are fed up : therefore a target for criminals. ol

with the proliferation of cell _ killing. They don’t pay rent... imal” requirements to acquirea —_ hopes of regulating where they _ impact on traffic and a “propen- However, he noted that the ;

phone card booths. - they don’t have overhead, they — vendor’s licence from the Roy- _ are allowed to set up shop, sity to attract criminal behav- RBPF has seen a significant a
They say the practice is taking just sit there texting all day,” al Bahamas Police Force. “We have brought this matter —iour”, Mr Deveaux added. decline in booth robberies, a

away business from shop own- the source said. _ While this licence is needed to the attention of the TPC According to Chief Superin- specifically in the southeastern iM

ers across the island who also “J don’t understand how the _ to legally operate aphone card (which is) also. ..concerned _tendent of Police Hulan Han- — area. a]

sell phone cards. government can let this culture ~ booth, vendors are not required —_ with the proliferation of those na, the RBPF is satisfied that A representative from BTC 1s
A businessman spoke with rise and make it the norm. They _ to pay a fee like shop owners _ (booths). the “overwhelming majority” | who spoke on the condition on 04

The Tribune yesterday toclaim — supposed to nip it in the bud, ' do. “The TPC is concerned with — of phone card vendors are prop- anonymity told The Tribune — 3

that a number of phone card so now when you do something Enraged businessmen are not __ traditional neighbourhoods and __ erly licensed. that vendors were not allowed’ ~ — :

booth operators are allowed to. (Bahamians) don’t think you the only ones speaking out _ the aesthetics of these neigh- to purchase phone cards direct- 2q
sell BTC phone cards without taking bread out of poor peo- against the rise in cell phone —_ bourhoods. We want to be cer- Targets ly from the company. i sl ;

being subject to the process of _ ple’s mouth.” card booths. tain that what we allow in our According to the employee, 3

paying annual business licence - The Tribune learned yester- According to Minister of | neighbourhoods and on our : there are currently 40 autho- of

fees. day that any person looking to Works Earl Deveaux, members __ streets is consistent with good He added that any booth rised wholesalers who sell ... AE
“They put these lil’ shacks up set up shop asa phone card ven- of the Town Planning Commit- _ aesthetic values.” found operating without a ven- _ phone cards to booth owners. on
everywhere and they make a___ dor simply needs to meet “min- _ tee (TPC) will be delving into Top of the list of complaints — dor’s licence would be shut “As far as BTC is concerned, 2p
the matter and plan to meet against these booths is that down until a proper permit is _ these people should have busi- 9
with the agents involved in the some of them are a “publicnui- secured. ness licenses,” the BTC employ- 08
granting of these licenses in — sance” because have a negative When asked whether these _ ee said.
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“tthe
THE TRIBUNE

TUESDAY, OCTOBER 9, 2007, PAGE 7



Oln brief

Bahamas
‘can deal in
the internet
business’

THE Bahamas has the
infrastructure in place to con-
duct business in the internet
age, according to State Min-
ister for Finance Zhivargo
Laing.

He was addressing the offi-
cial opening ceremony of the
10th General Conference of
Ministers of the Caribbean
Telecommunications Union
at the Royal Bahamas Police
Force Conference Centre on
East Street. i

“From both a technology |:
perspective and. from a regu-
latory. framework, the
Bahamas has in place a plat-
form to facilitate the govern-
ment of the Bahamas’ inten-
tions with respect to the full »
development of e-commerce,
e-trade, e-education and e-

_ government,” Mr Laing said.

“These platforms also pro-
vide the foundation for the
transformation of this econo-
my to that of a 21st century
new knowledge economy,”
he added.

Mr Laing noted that an
archipelago like the
Bahamas, with a service
based economy catering to
international clients in
tourism and financial services,
is a prime location for the
benefits of information com-
munication technologies, or
ICTs.

“Indeed, it is safe to say
that ‘what we have achieved
both economically and social-

_ ly t/o date in this country
wotild not have been
achi‘eved without the growth
ands development of our
nation [CT’s infrastructure,”
he said.

¢ , recently installed fibre-

©P! ic submarine cable net-
Wo rk — just one of the high-

“a ch assets the Bahamas has —

as allowed the country to
chieve almost full inter-
sland connection as well as
connectivity with 15 other
Caribbean and Latin Ameri-
can countries, i

The varied networks serv-
ing the Bahamas have the:
capacity to carry voice, data
Internet and 200 digital tele-
vision channels, Mr Laing
noted.

There are around 134,000
installed wire lines, and
260,000 cellular subscribers
using both TDMA and GSM
with GPRS facilities, he said.

A third cellular network is
in place in hot spots for
inbound roaming only. There
are 97 bilateral roaming GSM
agreements in place with 56
countries, with multiple
agreements in the Caribbean,
he added. :

_. Mr Laing also noted that:
there are CDMA roaming
agreements with Verizon and
Sprint in the United States,
and 45,000 high-speed Inter-
net subscribers giving the
Bahamas — one of the highest
rates in the region.

POPS CH SECC EO OHO COO EE OE BOOSER®

Are YOU
Vex?

Email us at
whyyouvex@
tribunemedia.net
and let us
know what’s
on your mind

Poe ovesedoeoesesseeeseHHHDSEHOHOHHEOESHCOOEEAELE
SOOHOSCHSOOOEOOEHOEHOSCOEOESE OOOO ODOOS OOOO EEEEOEO®S

THE Bahamas National
Trust and Stuart Coves's Dive
Bahamas have entered into a
partnership to promote a
marine protected area in the
southwest district of New Prov-
idence.

They also plan to co-operate
in the implementation of a pilot
dive tag programme.

Stuart Cove's Dive South
Ocean has agreed to donate
$60,000 to the Trust, to go
towards the creation of a pro-
posal for the South West New

_ Providence Marine Protected
‘Area. ‘

The Trust said in a statement

‘that the grant will allow it to

engage a project co-ordinator
to conduct public consultations
for the plan. } :

Communication packages
and collateral material will be
produced to garner support for
the establishment of the park, it
said.

The statement said the Pilot
Dive Tag Programme will pro-
vide sustainable funding to sup-
port the development and man-
agement of marine parks and
protected areas.

It will also fund marine edu-
cation programmes and aid in
the establishment and expan-
sion of marine protected areas,
as well as encourage the estab-
lishment and operation of other
dive tag programmes in the

Joint proposal announced to
protected marine area

promote

Bahamas.

“We are pleased to be work-
ing with Stuart Cove's Dive
Bahamas to implement the
Dive Tag Programme and to
facilitate public consultations
needed for the establishment of
a marine protected area in the
southwestern area of New Proy-
idence. We envision the cre-
ation of a multi-use or zoned
area with designated areas for
diving, traditional fishing activ-
ities and resource protection.”
said Trust president Glen Ban-
nister.

Southwest New Providence
is popular among divers. “Expe-
rienced divers and novice
marine explorers can enjoy
dives off the wall, explore pris-
tine reefs and interact with
amazing marine life,” the state-
ment said. “Stuart and Michelle
Cove have been in business
since 1978 and their dive oper-
ation has gained an interna-
tional reputation for offering
world class diving adventures
using state-of-the-art equip-
ment.”

Stuart Cove added: “It has
long been our dream to have a

SIU EAR Caen teed eaten

People gathered on Satur-
day morning at the Bahamas
National Trust’s Retreat Gar-
den to welcome back return-
ing neotropical migrant birds
to the Bahamas.

Each year, millions of birds
travel from North America to
the Caribbean, Central Amer-
ica, Mexico and South Ameri-
ca, said the Trust in.a state-
ment.

“Travelling thousands of
miles, each of these birds
spend over eight months a
year in the warmer climates
before returning to their
breeding grounds in the
spring,” it said. “Habitat loss
on the wintering grounds is a
major threatto this group of
birds.

The Trust, through its IBA
Programme, has identified 44
sites that are important for
birds in the Bahamas, many of
the sites provide important
habitat for neotropical
migrants.



The group found eight
species of warbler in the
Retreat.

They then had a short pre-
sentation on migration and the
neotropical migrants that
spend their winters in the
Caribbean.

Migratory Bird Day is cele-
brated each year by the Trust's
Ornithology Group.

The group organises bird
walks the first Saturday of

. each month and promotes the

conservation of bird habitats
in the Bahamas. The Trust
said that members of the pub-
lic are welcome to participate
in the BNT's Ornithology
Group activities. :

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BNT and Stuart Cove put together ©
partnership for conservation

marine park created in South
West New Providence. We
feel that the Trust, as the man-
ager of the national park sys-
tem, has invaluable experience
and can provide the guidance
needed for a multi-use marine -
park that will protect the coral
reefs and still allow recre-
ational fishing by local
Bahamians.”

“The dive industry injects
millions of dollars into the
Bahamian economy, and
employs hundreds of Bahami-
ans” said Trust executive direc-
tor Eric Carey: “The proposed
large scale developments for the
area make it even more impor-
tant to establish a protected
area. This would offer us the
ability to manage the activities
that are already taking place as
well as proposed developments
as they come to fruition. We
need a protected area not only
to protect the marine environ-
ment, but also to secure
Bahamian jobs, and ensure that
future generations of Bahami-
ans can continue to enjoy recre-
ational fishing activities in the’
area.



FROM LEFT: Tamica Rahming, director of parks for the Bahamas
National Trust; Trust president Glenn Bannister; Stuart and Michelle
Cove, of Stuart Cove’s Dive Bahamas; Eric Carey.

Share your news

The Tribune wants to hear
from people who are
making news in their
neighbourhoods. Call us
on 322-1986 and share
your story.






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PAGE 8, TUESDAY, OCTOBER 9, 2007

THE TRIBUNE



Bacardi park rededicated
and renamed at event

THE Bacardi company and

Minister of Culture Charles:

Maynard rededicated and
renamed Adelaide Park as
West Carmichael Community
Park on Saturday.

The park has undergone
numerous renovations includ-
ing a resurfaced basketball
court, new hoops, new nets,
the Bacardi logo painted at
centre court, a resurfaced
parking lot and refurbished
bus shelters.

In addition, the famous Bac:
ardi bat at the entrance gota
facelift, native landscaping was
added and new playground
equipment — including swings,
slides, see-saws and jungle gyms
— was put in place.

“This facelift comes as a
part of Bacardi's continuing
commitment to the people of
the area which they have been
neighbours to for the past
forty years,” said the company
in a statement. “The park,
located near the entrance: of



CHARLES MAYNARD gave out aa supplies at the dedication of

the Park

the Bacardi facility at the junc-
tion of Carmichael and Bac-
ardi Roads, was also the scene
of distribution of school sup-
plies to the children of the
area. Minister Maynard, MP

for the area, donated the
school supplies as he has done
for years.”

Hundreds of local residents
reportedly attended the park
rededication event and enjoyed

a S

PROPERTIES FOR ey

FAMILY ISLAND LISTINGS

RESIDENTIAL & COMMERCIAL

1. DU
LOT NO. 91
PROPERTY: Single Family Residence
» Property Size: 11,835 sq. ft.
LOCATION: South of the main Dundas Town
Road
APPRAISED VALUE: $1 28,000

2. HAWKSBILL SUBDIVISION
FREEPORT
LOT NO. 152 «
PROPERTY: Single Family Residence
Property Size: 0.12 acres
LOCATION: Northwestern side of
intersection of Inagua Drive & Court #3
APPRAISED VALUE: $82,250

3. HAWKSBILL SUBDIVISION PHASE 1
FREEPORT
LOT NO. 57 ;
PROPERTY: Single Family Residence
Property Size: 5,487 sq. ft.
LOCATION: Abaco Drive
APPRAISED VALUE: $89,000

4. MURPHY TOWN, ABACO
LOT NO. 65 Crown Allotment
PROPERTY: Single Family Residence
Propert Size: 10,000 sq. ft.
LOCATION: Front Street Murphy Town
APPRAISED VALUE: $97,450

5. ADENT FOREST SUBDIVISION
FREEPORT
LOT NO. 25 Block 2 Unit 1
PROPERTY: Single Family Incomplete
Residence, Property Size: 0.34 acres
LOCATION: 250 Yards West of
Midshipman Road
APPRAISED VALUE: $50,000

1, LINCOLN GREEN SUBDIVISION
FREEPORT
LOT NO. 1 Block 12 Unit 2
PROPERTY: Multi-Family Lot
Property Size: 21,108 sq. ft.
LOCATION: Intersection of Langton Avenue
and Fulston Drive
APPRAISED VALUE: $43,000

2. QUEENS COVE SUBDIVISION
FREEPORT
LOT NO. 32 Block 4 Section 4
PROPERTY: Single Family lot
Property Size: 0.25 acres

_ LOCATION: Intersection of Grover Way and

Queens Boulevard
APPRAISED VALUE: $25,000

3. FORTUNE POINT SUBDIVISION
FREEPORT ‘
LOT NO. 15 Block 7 Unit 4
PROPERTY: Single Family Lot
Property Size: 12,075 sq. ft.
LOCATION: Eastern side of Cooper Road
APPRAISED VALUE: $35,000

4. WINDSOR PARK SUBDIVISION
FREEPORT
‘LOT NO. 29 Block 10
PROPERTY: Single Family Lot
Property Size: 0.37 acres
LOCATION: Southern Side of Dartmoor Way
APPRAISED VALUE: $33,000

5. BAHAMIA WEST REPLAT, FREEPORT
LOT NO. 19 Block 20

PROPERTY: Single Family Lot

Property Size: 0.27 acres

LOCATION: Western Side of Perth Court
cul-de-sac

APPRAISED VALUE: $27,000

UEENS COVE, FREEPORT
LOT NO. 5 Block 25
PROPERTY: Single Family Residence
Property Size: 0.22 acres
LOCATION: Along Victoria Lane South of
Whitehall Place
APPRAISED VALUE: $170,000

. BAHAMIA WEST REPLAT SUBDIVISION
FREEPORT
LOT NO. 5 Block 17
PROPERTY: Single Family Residence
4 beds/ 3 baths, Property Size: 0.28 acres
LOCATION: Northern side of a cul-de-sac
called Churchill Court
APPRAISED VALUE: $307,420

. BAHAMIA WEST REPLAT SUBDIVISION
-FREEPORT
LOT NO. 22 Block 16
PROPERTY: Single Storey Residence
Property Size: 16,300 sq. ft.
LOCATION: On Iverness Lane
APPRAISED VALUE: $259,000

. HUDSON ESTATES SECTION tf
FREEPORT
LOT NO. 292
PROPERTY: Single Family Residence
3 beds/ 2 baths, Property Size: 6,250 sq. ft
LOCATION: John Rut Lane
APPRAISED VALUE: $116,000

10.MALIBOO REEF ESTATES SUE WON
FREEPORT
LOT NO. 104
PROPERTY: Duplex / Family Residence
Property Size: 11,866 sq.ft.
LOCATION: Galleon Avenue & Outrigger Ct.
APPRAISED. VALUE: $360,000

VACANT LOTS

6. BAHAMIA WEST SUBDIVISION
FREEPORT
LOT NO. 9 Block 21
PROPERTY: Single Family Lot
Property Size: 12,196 sq. ft.
LOCATION: Schooner Circle
APPRAISED VALUE: $28,000

7. QUEENS COVE SUBDIVISION
FREEPORT
LOT NO. 10 Block 37 Section 9
PROPERTY: Single Family Lot
Property Size: 0.34 acres
LOCATION: Hamshire Road
APPRAISED VALUE: $25,000

8, ROYAL BAHAMIAN ESTATES, FREEPORT
LOT NO. 13 Block 2

- PROPERTY: Single Family Lot

Property Size: 0.34 acres

LOCATION: Northeastern section of
intersection of ascension Drive & Tahiti Drive
APPRAISED VALUE: 29,000

9. BAHAMIA WEST REPLAT, FREEPORT
LOT NO. 28 Block 19
PROPERTY: Single Family Lot
Property Size: 0.25 acres
LOCATION: Northern Side of Columbus Way
APPRAISED VALUE: 26,000

10.ARDENT FOREST SUBDIVISION
FREEPORT oh aah
LOT NO. 11 Block 22 Unit 2
PROPERTY: Single Family Lot
Property Size: 0.35 acres
LOCATION: South Side of Orlando Drive &
Arden Forest
APPRAISED VALUE: $30,000

INTERESTED PARTIES SHOULD SUBMIT OFFERS (INCLUDE TELEPHONE CONTACT AND
POSTAL ADDRESS) NASSAU: CHERRY MISSICK, P. O. BOX SS-6263, PHONE NO. (242) 394-6465;
FAX NO. (242) 393-2883, OR VIA EMAIL: CHERRY.MISSICK@COMBANKLTD.COM
OR FREEPORT: CHRISTOPHER KNOWLES, BOX F-40876, PHONE NO. (242) 352-8307;
FAX NO. (242) 352-8221 OR VIA EMAIL: CHRISTOPHER.KNOWLES@COMBANKLTD.COM
FOR FURTHER INFORMATION. “WE RESERVE THE RIGHT TO REJECT ANY OR ALL OFFERS.

©2007 crsativersiations.net



the festive picnic atmosphere.

The park, commissioned 12
years ago, was the brainchild of
former MP for the area, Frank
Watson, whose dream was
brought to fruition by Bacardi,
headed at the time by Francisco
Carrera-Justiz.

. “We are. very excited about
rededicating the park to the
Golden Isles Constituency,”
said Andy Fowler, Bacardi's
vice president of administration.
“It is a project that we have all
worked very hard at and fully
enjoyed doing.”

As part of its commitment to
the park, Bacardi said it also
has plans to create a walking
path and install additional play-
ground equipment,



BACARDI PARK was officially
rededicated and renamed on Sat-
urday. It is now called West
~ Carmichael Community. Park.
Shown above unveiling a plaque
at the ceremony are Minister of
Culture and MP for the Golden
Isles Constituency, Charles May-
nard and Andy Fowler, vice presi-
dent of administration at Bacardi.
Bacardi & Company Ltd sponsors
the park.



Michael Pintard and David
Wallace are hitting the country
with their latest production:
Election 2007: Count It Again
man, | Say Count It Again.

The show will open in Freeport,
Grand Bahama on Thursday
October 24 and run through
Saturday October 27, at the
Bishop Michael Eldon Auditorium
in Freeport. The cast includes:
David Wallace, actor, producer
and former MP; Wilbert Stubbs,
well known comedian and new
cast member; Tameka Forbes a
new cast member; Michel
Pintard, producer and actor;.and
Patrice Stubbs, a well known
actress and comedian. The cast is
pictured reading the script in
preparation for the show.



































a Box N-7509
ee Bahanias

Marked: Tender No. 643/07
EXTENSION OF THE 33KV SYSTEM:
SOLDIER ROAD — PARADISE ISLAND
SUB-STATION ‘D’ INTERCONNECTOR
NEW PROVIDENCE, BAHAMAS :

BEC reserves the right to accept or reject any or all proposals





For all inquiries regarding this Tender, contact Wayne .
Farquharson at wefarquharson@bahamaselectricity. com

SITE VISIT WEDNESDAY, OCTOBER 10
10 AM BEC ADMINISTRATION OFFICg






THE TRIBUNE

TUESDAY, OCTOBER 9, 2007, PAGE 9



Local personality in

altercation with Rita Cosby

PLP govt

FROM page one

istey Ingraham tabled in the i
House of Assembly last :

Wednesday. The Bills repre-
sent money already borrowed |

and spent by the PLP govern- :
The Prime Minister :
explained to the House at the ;
time of tabling the bills that :
he did so in order to attain ;
for the }

ment,

“legal authority”
actions of the government.

This large sum was accom-
panied by three final appro- :
priation Bills for the 2005/6 :

budget for $67.145 million,

adding to what. was spent for

that year.

A detailed look at the }
spending patterns of the PLP :
reveal expenditure on several’
items that exceed budget allo- :
cations by tens of millions of :
dollars, as was the case for }

Bahamasair.

The 2006/7 capital budget :
allocated $10 million to :
Bahamasair. However, an
additional $16.52 million was :
spent on the airline. In the first :
capital expenditure contin- :
gency warrant, the govern- :
ment spent $1.138 million for :
retroactive pay for union con- }
‘tracts; $8.8 million for emer- |
gency funding; and nearly }
$1.989. million for salary }
adjustments and increments. :
In the fourth capital request ;
tabled, another $4.594 million ;
in emergency funding is again :

advanced to the airline.

The Public Health Authori-
ty also required significant sup- :
plementary funding last year. :
The budget initially allocated }
$13.07 million to the PHA for :
supplies and materials. The :
government then paid out an }

. additional $6 million for these :
expenses On one occasion, and }
another $15.975 million on }

another, totalling $21.975 mil-
lion over the budget.

The PHA received another :
$1.539 million in capital fund- :
ing for renovations and ;}
improvements of hospitals and ;
medical facilities, bringing the :
total of government’s recur- :
rent and capital costs to ;

$23.514 million over budget.

The use of supplementary :
requests for the.funding of }
school repairs too was signifi-
cant. The bills reveal that .at ;
least-an additional $28.7 mil- :
lion was spent on school }
upgrades and repairs. The :
money was spent for school }
improvements both on New :
Providence and the Family }
Islands. Some of the schools }
repaired with these funds :
included SC McPherson; St :
George’s, Freeport; Salina :
Point, Acklins; LN Coakley, :
Exuma; Rokers Point, Exuma} :
and Arthur’s Town, Cat }

island.

The National Education
Guaranteed Fund — used to
fund loans to students for uni-
versity — was also allocated
$6.8 million in additional
funds. The budget provided
for $2.5 million for the fund.
The additional funding repre-
sents nearly three times more
than was budgeted.

The government has a $20
million overdraft available to
it beyond the approved bud-
get. However. government has

to go back to parliament for:

approval: to borrow any
amount over $20 million.
_ If it is necessary for the
Ingraham administration to
seek legal approval from par-
liament for more than $170
million in supplementary
. appropriation bills, then the
previous government must
have already spent the $20 mil-
lion overdraft available to it,
in addition to the large
amount recorded in the tabled
bills.
Large supplementary spend-
ing of this nature demonstrates
poor planning by the former

government, one official told -

The Tribune, and it does not
allow the state to raise the nec-
essary taxes beforehand to
compensate for the expendi-
ture.

Another government offi-
cial, who wished to remain
anonymous,:told The Tribune
that the spending habits of the
PLP, and the lack of legal
authority to do so, will be a

major issue in the House in _

the weeks to come,

. The source did not wish to
comment further on the issue,
stating that he will reserve his
comment “until such time.”



FROM page one

The altercation broke out
outside the exclusive resort
where Ms Cosby was staying
with a friend, Tom Bednarek,
when Mr Bain noticed a
recording device in Mr
Bednarek’s pocket when he
met with them.

When Mr Bain first took the
device from Mr Bednarek’s
pocket to take a closer look,
Ms Cosby tried to take it back
from him, stating that it was
her “personal phone”, and not
a recorder.

She then followed Mr Bain
across the resort's car park,
screaming that he had to
return the device to her.

The item, later seen by The
Tribune, was a digital record-
ing device.

As Mr Bain was followed
by Ms Cosby and Mr
Bednarek, Sandal’s security
were alerted, and Mr Bain
claims to have locked himself
in his car for “protection.”

Police then arrived on the
scene and a report was made.
Mr Bain alleges that Ms Cos-
by’s companion told the police
that the altercation was
between himself (Mr
Bednarek) and Mr Bain’s
assistant, Jermaine Humes,
not between Ms Cosby and
Mr Bain.

Yesterday, Supt Burkie :
Wright, officer in charge of

the Cable Beach police sta-
tion said that officers had
received a report and went to
Sandals, but were told that the
dispute was “over a misun-
derstanding with his (Mr
Bednarek’s) driver Jermaine
Humes.. conccrae a missing
bag.”

“The matter was settled and
we were told no further police
intervention was required,”
said Supt Wright.

Questioned yesterday about
the altercation, Ms Cosby
admitted it had occurred but
said it was because she was
“uncomfortable” about the
fact that Mr Bain had asked
her for money to meet with
the nannies. Mr Bain denies
that this is the case.

Ms Cosby is currently being

Claim that staff



RITA COSBY and her associate Tom Bednarek after speaking to the media yesterday.

sued for $60 million by the
late Anna Nicole Smith’s part-
ner Howard K Stern over
numerous allegations made in
her book about him, and
about an alleged relationship
with Larry Birkhead.

A key passage suggestive of
this relationship is on page 204
of the book — currently at
umber 28 on the New York
‘Times bestseller list.

The book claims that the
nannies said they had, while
at work in her Bahamas home,
witnessed Anna Nicole watch-
ing a video of the men “over
and over again.”

The nannies’ lawyer, former
registrar general Elizabeth
Thompson, claims that the
nannies never made any state-
ment concerning any rela-
tionship between Mr Birkhead
and Mr Stern at any time.

Ms Cosby admitted yester-
day in an interview with The
Tribune, that she has in fact
never met the nannies but
now feels it is “important”
that she does.

Meanwhile, further infor-
mation has surfaced about the
purpose of Ms Cosby’s visit to
the Bahamas this weekend.

Ms Cosby told The Tribune
that she had come to the
Bahamas because she was told
there were affidavits sworn by
the nannies which supported
her claims.

“We were told specifically
that there were affidavits con-
firming Howard and Larry
and that’s why we thought it
was important to come here,”
said Ms Cosby.

It is understood that she is
being sued over these allega-
tions.

Ms Cosby, however, alleged
that Mr Bainthad asked -her
for money to meet with the
nannies, but because of the
legal proceedings against her
she could not be seen to be
giving money to the nannies.

Mr Bain contends that he
never asked for Ms Cosby to
pay the nannies to meet with
them, but that he had asked
Ms Cosby to pay for the nan-



nies’ expenses; including the
cost of the hotel room where
the meeting was to take place
and their legal fees.

Having been originally
scheduled to leave the island
on Sunday, and failing to meet
with the nannies by that date
Ms Cosby then contacted Mr
Bain and, through Mr
Bednarek, said that she had
an offer for the two women.

She changed her flights and
requested a meeting, which
took place yesterday at a.loca-
tion off Soldier Road.

During that meeting Ms
Cosby said that Mr Bednarek

. could arrange a $15,000 inter-

wiew. between the nannies and

Tim Clarke/Tribune staff

had not anticipated. appearing
after the meeting — that she
personally was not intending

-to “pay (the nannies) a

dime.” t

After being questioned by
the media about the purpose
of her meeting with Mr Bain
she was then seen leaving the
area in a hurry with her com
panion, flagging down a pass-
ing vehicle which, after a brief
discussion, drove the pair
away.

Asked yesterday to what
extent her visit was as a result
of the lawsuit against her, Ms
Cosby did not deny this to be
the case.,claiming. however»
‘thatshe.Salso wanted-to.do it

USentertainment magazine? siin-caseiwei(she and Mr. Bain),

In Touch Weekly.
Questioned by the nannies’
attorney Ms Thompson as to
whether her desired meeting
with the nannies was because
she wanted to “validate (her)
book”, Ms Cosby allegedly
said: “That’s some of it.”
Later, Ms Cosby stressed to
gathered media — who she

Rita Cosby claims she was ‘set up’

FROM page one

changed their story and that they were soliciting money.”






requested police
raid on gay event

F ROM page one

tourists, who had arrived on a boat with hundreds of other gay vis-
itors earlier that day. Some'locals were also present.

She claimed that officers, Some armed with machine guns,
“harassed and menaced” those attending the event and yet failed to
charge anyone present wtih any offence,

‘The Hard Rock Cafe employee said that staff had been con-
cerned about the gay party taking place ever since they had found
out about it earlier in the week. They had taken their’concerns to
the yenue’s owner and the Christian Council.

However, they had been told by their bosses that “if you are.
scheduled to work you will have to work.”

Therefore, the employee said that when the event went ahead she



felt compelled to call the police.

A group of around 30 officers airived at around lam, and
searched the building

An exotic dancer on stage at the time they entered the premises
was, according to reports from patrons, stopped from performing
and “interrogated” for two hours by officers.

Wearing a skin-coloured bikini at the time, she was taken off the
stage. It was claimed that the officers refused to let her put her
clothes back on,

Sunday’s source said that one officer was carrying a camera,
which he used to photograph the patrons in what the source
described as a move to “out” them.

Yesterday, the same source denied that any men had been naked
in the club, apart from perhaps their changing room area, which was
the kitchen.

This partially corroborated the claims of the staff member, who

~ said that naked men were “running around inside the kitchen and

the restaurant.”
She said that the employees are fighting to become unjonised pre-
cisely because of concerns such as Saturday night’s incident.



To the arrest or Conviction of person or persons
‘connected with the Arson at Port Delmer on

September 30th 2007.

Contact Fire Investigation at

Ph# 302-8039
302-8040



—_~

Ms Cosby. said, however, that her allegations about Howard K
Stern and Larry Birkhead — now the subject of a legal action in the
United States —- were borne out by other sources and that she had
no fears about court proceedings.

The former MSNBC reporter, who was accompanied by a man

- she declined to identify, said: “We came down here with the best of

intentions, but as soon as 1 saw them they pezan asking about









money.

“T said I could not pay them because I was in the middle of all this

legal stuff.

“Lincoln Bain, who was representing the maids, told me specif-
ically that everything i in my book was true. I feel there has been a
change of heart and you have to wonder why. You have to wonder

at the motivations behind it.

“They told me they had a lot more information to further cor-
roborate what | said in my book. No journalist would turn their back

on that.

“T told them there was no way [ could pay them anything Because
of the lawsuit. However, I did say I would be happy to make a refer-

ral. I feel | have been set up.’

Ms Cosby said she was particularly shocked because she and Lin-
coln Bain had co-operated in a Controversy. TV programme over

the weekend.

He had suggested doing an interview for the show and she had
agreed “because I thought it would be fun.”

FROM page one

At a press.conterence at

Gambier House on Sunday, Mr

Roberts, accompanied by
Opposition leader Perry
Christie and other senior PLPs,
told the media that the “selec-
tive” and “tendentious” quot-
ing by Minister Deveaux of the
aforementioned audit was sim-

ply a “destructive” tactic to jus-

tify the FNM’s cancellation of
contracts set in place by the for-
mer administration before the
2007 general elections.

Senior PLPs termed the audit
as deficient and stated their
intention to call for an “objec-
tive” teview of the audit by the
Public Accounts Committee.

Minister Deveaux refuted
these statements made by the
PLP, stating the facts regarding
the matter were “evident.”

“In reading excerpts from the

report in Parliament (the gov- .

ernment) was responding to
some questions posed over con-
tract cancellations. We
answered the questions posed

Minister
to us over which contracts were
cancelled and gave explanations
as to why.

“What I read was essentially
the executive summary of the
audit. Now if that is ‘selective’
then what is the value of an
executive summary?” he asked.
“The whole report will be
tabled (and introduced into Par-
liament) and the public can
judge whether I was being selec-
tive or not.”

The audit which was per-
formed in October 2006 on
behalf of the Auditor General
revealed that three quarters of
all high value contracts issued
by the former government were
negotiated, rather than “put out
to bid.”

The report saw this as a “seri-
ous concern” stating that con-
tractor selection was not per-
formed “in an open, transpar-
ent, or fair manner.”

Minister Deveaux told The
Tribune that the audit referred

s















wanted to do future projects.”

She added that one of her
primary intentions was that
she would have been able to
“help the nannies get their sto-
ry out.”

The episode of Controver-
sy TV on which Ms Cosby
appears is scheduled to air
Thursday evening.

Search for pair
FROM page one

was in another part of the
building. The screams also
appear to have unnerved the
culprits, who amidst the
commotion, fled the bar.on
foot before getting anything
from the staff or patrons.

_. Officers on mobile patrol
identified a vehicle speed-
ing away from the scene,
according to Chief Supt
Basil Rahming. Police
chased the suspects. The
officers forced the vehicle
to stop, however, the cul-
prits jumped out and
escaped of foot into nearby
bushes in the city area
before police could appre-
hend them.

Upon search of the vehi-
cle, police discovered two
shotguns and a number of
cartridges. The vehicle has
been impounded for further
investigation.








to multiple contracts that did
not go out to bid. They started
at more than $250,000 and
ranged up to and included the
contract for the $16 million

Tonique Williams Darling
Highway.

“The government does a lot
of contract work, many, many
people feel disadvantaged,
politically and otherwise, by not
benefiting from some of the
work,” Mr Deveaux said. “]
personally have difficulty pick-
ing and choosing who should
get government work other
than hrough a contract bidding
system.”

In keeping with its Trust
Agenda, the FNM is proposing
to host a contractors fair, Min-
ister Deveaux said.

This will showcase the impor-
tance of the process of contract
bidding in the construction
industry and to instruct “inter-
ested parties” on how the
process works.

He ‘added that the govern
ment will be “transparent” dur
ing the process.

‘
PAGE 10, TUESDAY, OCTOBER 9, 2007

THE TRIBUNE





Beauty queens turn out
for Atlantis weekend
of entertainment

A SIZZLING weekend of
sophisticated partying, beauti-
ful people and out of this world
entertainment kept Atlantis’
guests entertained as the reign-
ing Miss Universe Riyo Mori,
Miss USA Rachel Smith and
Miss Teen USA Hilary Cruz
descended on the mega resort
during the Atlantis Live Week-
end.

During their stay at Atlantis,
the three beauty queens were
hosted to a fabulous weekend,
the highlight which included a
concert by renowned British
soul, R&B and blues singer,
songwriter, actress and Gram-
my Award winner Joss Stone
on Friday September 28.

While at the resort the young
ladies were wined and dined
and had an opportunity to enjoy
the famous waterscape and
exciting nightlife at Atlantis.

They were also hosted to din-
ner at Mesa Grill at the Cove

¢

Joss Stone launches concert events



Atlantis, as well as a night at
Aura Nightclub in the Atlantis
Casino.

The beauty queens.also had
an opportunity to interact with
dolphins at Dolphin Cay.

“Tt was like my dream come
true,” said Riyo. “I love ani-
mals, I have never touched dol-
phins.. . we had the pest time
ever.”

Sharing similar sentiments
was Miss Teen USA. “I loved
that it was just our group, and
there was a dolphin for each of
us, it seemed like. It was so
much fun, I would definitely do
that again.”

“It has been amazing, I have
heard so many things about
Atlantis and it’s wonderful to



Telephone: 322-4433, 326-7030
Nassau Street, P.O.Box N-1026

MEMORIAL SERVICE FOR THE LATE

PATRICK GEOFFREY LOCKHART, 61

of Theodore Lane will be
held on Thursday October
11th 2:00 p.m. at St. Mary
the Virgin Anglican
Church, Virginia Street.
Rev. Canon Warren Rolle
will officiate. Interment
will be made in St. Mary’s
Church See

“memory ean
daughters, Patrice
Lockhart-Stubbs,
Shavonne and Melissa
Lockhart; sons, Troy and
Phillip Lockhart; sisters,
Royann Gloria Lockhart-Greenslade, Linda Thompson
and Shelly Davis; grandchildren, Michael Stubbs Jr. and
.| Mia Stubbs; son-in-law, Michael Stubbs Sr.; sisters-in-
- law, Brenda Lockhart, Dorothy Seymour, Sylvia Turnquest,
Gwen Bain, Carolie Grant and Edith Burns; brothers-in-
. law, Gregory Thompson, Jack Davis and Edward Seymour;
uncle, Grover Moore of Brooklyn, New York; special
friend, Mirle Smith; numerous nieces and nephews
including, Braquelle and Chaavis Newton, Marquista and
Laverne Thompson, Greer, Keah and Jessica Thompson,
Traverse Robinson, Jacqulette and Jawayne Davis, Charles
Lockhart Jr., Jamal Lockhart; goddaughter, Michelle
Taylor; cousins, Clement and Janice Longley, Basil and
Carolyn Longley, Anthony and Jackie Longley, Helen
and Barry Forbes, Walter Lockhart Jr., Arthur and Tina
Lockhart, Kino and Stancia Lockhart, Toriano Lockhart,
Debbie and Bruce Johnson, Andrew, Joy and Valerie
Moore (NY), Ruthie and Gloria Bushell and families
(NY), Jasmine Cartwright, Sandra and Joseph Lewis,
Andre and Sonia Greenslade, Anthia Williams and family
(Freeport); other relatives and friends including, Sidney
* and Brenda Bain and family, Bernard Rolle, Hartman
Johnson and family, Harry Horton and family, Nathaniel,
Elizabeth, Albury Dean and family, Eddie Williams,
Reggie Campbell, Teddy and Mavis Johnson, Gregory
Stuart and family, Tommy and Henry Cleare (USA),
Patrick Edwards, Hewitt Stuart and family, Mr. Stuart,
Theophilus Glinton and family, Sharon Storr, Stanley
Wissort, Prescola and Patsy Lockhart, Jackie Wallace,
Joe Cartwright, Maquella Smith, Terry and Dorothy
Goldsmith (Freeport), Cassie Edwards and family, Barbara
Lockhart, Joanna Rolle, Helen Bhagwandin and family,
Dorothy Seymour and family, Randolf Turnquest and
family, Edward Seymour, James Bain and family, Felix
Grant and family, Edith and Eugene Burns and family, -
Gina, Gloria, Joseph, Betty Joe, Shelley, Dario and Mallie
Smith, Shirley Cartwright and family, David and Eloise
Colebrooke, Michael and Maria Symonette and family,
Valentine and Thelma Grimes, Cassandra Grimes, Anna
Colebrooke and family, Nurse Eloise Nichols, Francis
Burnside and family, Louise Gibson and family, Audrey
Fountain, Ayres Mortimer —Neely and family, Patricia
Bethel, Margueritte Horton, Vivian Armstrong, Mr. and
Mrs. Cyril Hanna, Una Curtis and family, Ernest Strachan,
Neville Bethel, Jane Bethel and family, Kendal and Ruby
Nottage and family, Randolph Cleare and family,
Margueritte Roberts and Henderson Hinds, Mr. and Mrs.
Bill Wallace and family, Hesley Thompson, Watson
Construction, Adler Minus Construction, Andrew Longley,
Cabbage and friends, The Higgs family, Angie Johnson,
Deann Huyler, Mary Marshall, Kim Butterfield, Merlene
Ferguson and family, Elizabeth Clarke, Delly Rolle, Fr.
Rolle and the St. Mary’s Church family and the entire
West Street, Augusta Street and Theodore Lane community,
Doctors at P.M. H: Dr. Pratt, Dr. Seville, A & E, Oncology,
Male Medical and Surgical, Sister Stephanie Poitier.

Friends may pay their last respects at Bethel Brothers
Morticians, #44 Nassau Street on Wednesday from 10:00
a.m. to 6:00 p.m. and on Thursday at the church in from
12:30 p.m. until service time.



Bethel Brothers Morticians

actually be here to experience it
for myself,” said Miss USA.
“It’s gorgeous. I mean to look
out my balcony and to see the
bluest water, the bluest sky, a
great lounge area, pools, the
water parks, the dolphins, it’s
just amazing.”

The recent and upcoming
concerts are a joint promotion
partnership between Atlantis,
Paradise Island and the Par-
adise Island Tourism and

Development Association (PIT-

DA).

Under the theme: “Atlantis
Live!” Kerzner’s Special Events
and Entertainment Department
has promised three amazing
weekends of concerts, clubbing
and gambling. Atlantis promis-
es two more equally exciting
weekends on October 19 to 20
and December 7 to 8.

On October 19, the Grammy
Award winning band Maroon
5 will perform for an audience
of 2,500 people in the Imperial
Ballroom.

On October 20, Miss Italy
Valentina Massi, will charm the
crowd in Aura; and Miss Rus-
sia, Tatiana Kotova and Miss
Czech Republic Lucie Hadaso-
va, will be the hostesses of Cain

‘at the Cove on Friday and Sat-

urday.

MISS UNIVERSE
Riyo Mori, Miss USA
Rachel Smith and

Miss Teen USA Hilary .

Cruz enjoy a special
sunset party at Cain

at The Cove, Atlantis



Summer
Special
$19,495













“Totally Yours,
Totally Yaris

Rocking the resort Decem-

ber.7 to 8 will be soul, jazz and.

R&B singer Amy Winehouse,
known for her newest hit sin-
gle “Rehab”.

The MTV and BRIT Awards
winner will perform for an audi-
ence of 1,500 people in the
Imperial Ballroom on Decem-
ber 8.

Bringing the house down in
Aura will be Tommy. Lee.and
DJ Aero on the December 7;
and Miss Columbia Eileen
Roca, Miss Australia Kimberley
Busteed and Miss New Zealand
Laural Barrett will join guests of
Cain at The Cove on Friday and
Saturday.





















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RENOWNED BRITISH artist and Grammy Award winner Joss Stone
raises the tempo in the Imperial Ballroom.



Costa Rica
narrowly |
backs US|
trade deal

@ COSTA RICA
San Jose

COSTA Rica prepared on
Monday to join a controversial
free trade agreement with Cen-
tral American neighbours, the
Dominican Republic and the
US after a thin majority appar-
ently backed the pact in a
national referendum, according
to Associated Press.

But even Sunday’s vote on
the Central American Free
Trade Agreement did not end a
yearlong battle over the agree-
ment.

Opponents said they: will wait
for a mandatory recount, set to
begin Tuesday, before recognising
the referendum’s results. The bal-
lot-by-ballot recount is required
by Costa Rican law, and can last
no longer thari two weeks.

With 97 per cent of precincts
reporting Monday, 51.5 per cent
of Costa Ricans voted in favor
of the trade deal, which is
known as CAFTA.

Costa Rica was the lone hold-
out among the six Latin Ameri-
can nations that now constitute
the trade bloc. The pact has
already taken effect in the
Doniinican Republic, Guatemala,
Honduras, Nicaragua and El Sal-
vador.

The White House kept a
close eye on Sunday’s election
results, having fought a bruis-
ing. pohtical battle\to get the
deal ratified | by the US Con-
gress in 2005, when \it passed
the House of Representatives
by just two votes.

Washington last week urged
Costa Ricans to recognise the
treaty’s benefits and vowed not to
renegotiate the terms of the deal
if voters rejected it. US officials
also suggested they might not
renew other trade preferences
now afforded Costa Rican prod-
ucts, set to expire next Septem-
ber, if the pact is not approved.

Costa Rican President Oscar
Arias called the trade deal cru-
cial to industry in the Central
American nation of 4.5 million
people.


The Government of the Commonwealth of the Bahamas in collaboration with Ca-
ribbean Telecommunications Union hosted several statutory meetings in The Baha-
mas last week.

The meetings were held at The Royal Bahamas Police Conference Centre on East
Street. The meetings included a workshop on Number Portability for the Caribbean
which was presented by Telcordia. Minister of State for Finance, The Hon. Zhivargo
S. Laing gave the address during the opening ceremony of the 17th Executive Council

Meeting on Wednesday morning. The CTU also hosted a Strategic Ministerial Forum

on Thursday afternoon. The 10th General Conference of Ministers was officially
opened by Prime Minister and Minister of Finance, The Rt. Hon. Hubert Alexander
Ingraham on Thursday evening. Delegates were treated to a “break away’ closing
dinner held at British Colonial Hilton on Friday.

The CTU was established in 1989 by Heads of CARICOM Governments to aid in
rationalizing the telecommunications policy framework for the region and to address
the problems of regional spectrum frequency incompatibilities. In recent times, the
CTU has emerged as the primary facilitator for the formulation of Caribbean ICT
policy and a major contributor to the development of CIT capacity within the region. Local and foreign delegates take part in a

For more details on CTU, please feel free to visit the website at www.ctu.int . ete felecordia. fulness Rerrabilty pres



CTU CTU secretary Gena per”
nadette Lewis addresses the
opening of the CTU's 17th
— Council Meeting

1 OFFICIAL OPENING
_ 10th Genera! Co

olice Force Bands plays af the ey cin Delegate To) un
: CT's. 10th ve Conférence of of ster of Finance Hol air ‘Fre an. Bive Mulings BIC Chama ian Francis ,
.. ty Ge ernadeite Let TC President & ( ( Leon Williams.

: Ns eed D 4 www hamas.com
: | y | - ys



—_
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FROM left: Butch Kerzner,
Vanessa Kerzner, Harry MePike and
Joann MePike in South Africa.

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The Tribune family


se

TUESDAY, OCTOBER 9, 2007

SECTION

business@tribunemedia.net



i
i
'
j



The Tribune

BUSINE



Sasa

HELPING YOU CREATE AND MANAGE WEALTH

NASSAU OFFICE
Tel: (242) 356-7764

. FREEPORT OFFICE

Tel: (242) 351-3010





_ Mayaguana deal may |
breach Hawksbill Act.

- @ By NEIL HARTNELL

Tribune Business Editor

THE former Christie admin-
istration’s decision to replicate
Freeport and the Grand
Bahama Port Authority
(GBPA) through the $1.7 bil-
lion Mayaguana development
was yesterday branded “fool-
hardy”, with the project’s
investment incentives poten-
tially breaching the Hawksbill
Creek Agreement.

Christopher Lowe, the
Grand Bahama Chamber of
Commerce’s president, told
The Tribune that the Govern-

- ment appeared not to have

learnt the lessons stemming
from Freeport’s current prob-
lems, and the fact that the
Hawksbill Creek Agreement
had notr developed the city into

what had been envisaged in.

1955.
Mr Lowe said of the Heads of
Agreement signed with

_ Mayaguana Island Developers,

the 50/50 joint venture between

¢ Grand Bahama Chamber president brands plan to
replicate Freeport ‘foolhardy’, as city’s problems
not solved and likely to be replicated

¢ Concerns incentives granted to I-Group/Hotel
Corporation joint venture may excced those for
Freeport and contravene Act



the Hotel Corporation of the
Bahamas and the Boston-based
I-Group: “It’s foolhardy and it’s
going to be fraught with the
identical problems that Freeport
has had overt the last 50 years,

which are now being exempli- .

fied by the implosion within the
Port itself.

“It is amazing that they
would go and repeat this
experiment and not make any
attempt over the last 50 years
to rectify the problems of

Freeport, but plunge head and
repeat it elsewhere. I’m
assuming we’re going to have
another Freeport, problems
and all.

Infrastructure

“We have yet to figure out
that the incentives granted 50
years ago have not helped. It
has allowed the Port to put
some infrastructure in, but it

has not turned Freeport into the
mega destination it was sup-
posed to become.”

Setting aside what Hutchison
Whampoa had put in at the
Freeport Container Port,
Freeport Harbour Company,
Grand Bahama International
Airport and elsewhere, Mr
Lowe said little infrastructure
had been added to Freeport

- over the past 30 years.

SEE page 5B

Bahamas ‘outmarketed’
over tourism product

@ By NEIL HARTNELL
Tribune Business Editor

THE Bahamas is being “out-
marketed” by many of its main
tourism rivals, a leading hotel
industry executive told The Tri-

buné, with this nation needing

to deliver a “high value” prod-

uct to counteract the sector’s

high costs.

Frank Comito, the Bahamas
Hotel Association’s executive
vice-president, said the
Bahamas had “to get more
aggressive” on marketing its
tourism. ee given the

Must deliver ‘high value’ for money
to offset high costs and prices



efforts made by rival destina-
tions such as Cancun, Cozumel
and other Caribbean states.
Speaking in the wake of a
Caribbean Hotel Association
(CHA) study, which warned
that high construction, utility
and labour costs were severely
impacting hotel profitability

Fisheries. ‘clearer on EPA

‘@ By NEIL HARTNELL

Tribune Business Editor

THE Government has come
to a “clearer understanding”
with the Bahamian fisheries
industry on its approach to the
Economic Partnership Agree-
ment (EPA) following a meet-
ing last Friday, the minister of
state for finance said yesterday,
with an industry representative
appointed to the Trade Com-
mission.

SEE page 4B

Broad trade
policy the
‘priority’,
with Trade
Commission
‘playing a
huge role’

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across the region, Mr Comito
said maintaining and refreshing
the Bahamian tourism product’s
quality was “our biggest chal-
lenge”.

He added: “The costs of
doing business in the Bahamas
are high, and it’s reflected in
the fact that the number one

EQUITY PLAN

YAO eS

complaint visitors have about
the Bahamas is the high prices.
“The reality is it’s difficult to

address many of these high .

costs, which means that if we’re
going to be high cost, we’ve got
to be high value.

SEE page 2B

i poses,
reserves also contracted as”

BALANCED PLAN

Economic growth
down on 2006

@ By NEIL HARTNELL
Tribune Business Editor

ECONOMIC growth was
“more subdued” and below
prior year comparisons for
August 2007, a Central Bank
of the Bahamas report has
revealed, with total hotel
room revenues for the 2007
first half relatively flat, only
0.3 per cent ahead of 2006 at
$226.4 million.

The Central Bank’s conclu- |
sion, in its report on monthly

economic developments for
August 2007, that the Bahami-
an economy expanded “at a
more subdued pace in August
in comparison to the previous
year” is likely to come as little
surprise to many businessmen
and economists.

The Bahamian business

: - community is still in ‘wait and
' see’ mode, trying to gain a

sense of direction from the
Government on its economic

i - policies and priorities, espe-

cially what will happen to pro-
posed multi-billion investment
projects such as Albany, Baha
Mar and South Ocean.

As a result, it is not surpris-
ing that, according to the Cen-
tral Bank, there has been “a
levelling off in foreign invest-
ment activities, softened
tourism flows and a slower
pace of growth in consumer
demand”. -

Developers, too, are wait-
ing to assess the new govern-
ment’s attitude towards their
investment projects.

Commercial bank liquidity,
meaning the amount of sur-
plus assets in the system avail-
able for onward lending pur-
and the external

Bahamian dollar credit
expanded.

The decline in total visitor
arrivals, with numbers off by
6.5 per cent at 2.43 million for
the 2007 half-year, air and sea
arrivals to the Bahamas down
by 7 per cent and 6.3 per cent
respectively, had negated the
impact of higher Bahamian
hotel room rates.

While total room revenues
for Bahamian hotels were up
by 0.3 per cent to $226.4 mil-
lion for the 2007 first half, a
10.3 per cent increase in aver-
age daily room rates to
$198.11 per night was heavily

i

12 Months to July 2007

PAW ALUSILOY LAL 1

Economy’s
August

srowth ‘more
subdued’,
with hotel
room revenues
up 0.3% at
$226m despite
9% drop in
rooms sold

negated by a 9 per cent fall in
the number of hotel rooms
sold.

The Central Bank report
said: “On a disaggregated
basis, revenue from the largest
hotels in New Providence and
the Family Islands grew by 2.4
per cent and 0.7 per cent,
owing to respective increases
in average room rates of 10.7
per cent and 5.5 per cent.

“However, lower occupancy
levels offset accretions to
average room rates to occa-
sion an 11.2 per cent drop in
room revenues for Grand
Bahama.”

The impact on consumer
demand during August mani-
fested itself in an 11.1 per cent
contraction in private sector
credit growth to $70 million,
with commercial loans down
by $i million compared to
$32.7 million growth in 2006. |

Mortgage growth, though,
doubled to $41.1 million,
while consumer credit
expanded by 11.1 per cent to
$29.9 million.

For the eight months to
August 2007, Bahamian dollar
credit growth was down by
25.9 per cent to $364.7 mil-
lion. Private sector credit
growth was down by 30.1 per
cent to $321.4 million, as con-
sumer credit and mortgage
growth both fell by 12 per
cent.

SEE page 5B

5.32%

FIXED INCOME PLAN


PAGE 2B, TUESDAY, OCTOBER 9, 2007

THE TRIBUNE



a
Striving for the education summit

AST week, I had the

occasion to speak to
a former Cabinet Minister and
a former graduate of the 'old'
Government High School
(GHS). In our conversation,
he specifically recalled an arti-
cle that I wrote more than two
years ago about GHS and
urged me to consider reprint-
ing it as many of his. past
school mates did not see it at
the time. In deference to my
senior, I felt it would be fitting
to oblige.

The original centred on the
banquet celebrating the 80th
Anniversary of GHS, and I
wrote: “As a non-GHS grad-
uate, I found the sociology of

the occasion to be quite an -

experience in itself. It is abun-
dantly clear that the GHS, the
venerable institution that it





BETWEEN



TO: RODERICK BAIN
TAKE NOTICE that:

August 2007.

1978.

Requisites;

COMMONWEALTH OF THE BAHAMAS
IN THE SUPREME COURT

Common Law and Equity Division

COMMONWEALTH BANK LIMITED
AND

RODERICK A. BAIN

1.A Summons and Supporting Affidavit both filed on
the 4th of December 2006 have been issued against
you in the Supreme Court of The. Bahamas being
Action No. 2006/CLE/gen/0476 by Commonwealth
Bank Limited, the Plaintiff herein. The Hearing date
of the. Summons has been adjourned and is now
set to be heard on the 13th day of November A.D.,
2007 at 12 noon before Deputy Registrar Ernie
Wallace whose chambers is located in the British
American House, 3rd Floor, Marlborough: Street,
Nassau, Bahamas. Details of the claim are set out
in the Affidavit of Randol Dorsett filed on the 27th of

2. On the 4th day of October A.D., 2007 the Court
ordered that the Summons and Affidavit are deemed
to be served on you by this advertisement.Otherwise
Judgement will be entered against you pursuant to
Order 73 rule 3 of the Rules of the Supreme Court

Dated the 5th day of October A.D., 2007

Graham, Thompson & CO.,
Chambers,
Sassoon House,
Shirley Street & Victoria Avenue,
Nassau, Bahamas
- Attorneys for the Plaintiff

was, produced a most impres-
sive list of Bahamians from all
walks of life who made, and
are making, significant contri-
butions to national develop-
ment.”

Conversations

Mo conversations
at the banquet

seemed to squarely point to
the fact that there is a func-
tional distinction between the
two incarnations of GHS.
Firstly, there is the 1925 to

- 1977 edition that was housed

at Nassau Court and Poin-
ciana Drive respectively (the
grammar school version), and
the post-1977 edition, which
is currently housed in Yellow
Elder Gardens subdivision
(the public school version).






2006/CLE/gen/00476









Plaintiff









Defendant






















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It is evident that the pre-
1977 genre of GHS students
does not regard themselves as
a homogeneous group with
their post-1977 counterparts. I
believe that such distinction
has more do with levels of aca-
demic standards and achieve-
ment within the institution, as
opposed to any other fac-
tor(s).

In the 1970s, our policy-
makers at the time began to
shift philosophy and had sec-
ond thoughts about continu-
ing with a grammar school sys-
tem at just one institution
within the overall public edu-
cation system. Why should
GHS students have better
resources (teachers, supplies,
environment etc) than stu-
dents say, at Eastern Senior
School? Why should students
at one public school have
almost exclusive access to the
top jobs within the civil ser-
vice? Why should the acade-
mically bright students living
in our Family Islands have to

As a nation, we must give
tremendous credit to the var-
ious religious denominations
and independent organisations
which, over the years, stepped
up and created their own edu-
cational systems. These offer a
first-rate education system to
ensure the orderly develop-
ment of our nation.

While this article may gen-
erate much criticism, I simply
ask how many politicians,
senior government officers
and public school teachers
have their children in the pub-
lic school system. I funda-
mentally believe that the
answer to this basic question
tells a story that we prefer not
to discuss.

The Bahamas as a nation is —

fortunate to be producing
world class scholars, primarily
through the private school sys-
tem. But my question is: Why
can't we have at least one pub-
lic institution that is as good as
- or better than - any private
school in the country?



I, along with countless Bahamians, truly
question whether it was the correct decision
to take a proven institution, with a track
record of accomplishment, and transform it
into any other institution within the public
education system producing mediocre

results on average?



relocate to Nassau for,a hand-
ful of places at GHS?

Questions

| hese and many others

are very valid ques-
tions indeed. But I, along with
countless Bahamians, truly
question whether it was the
correct decision to take a
proven institution, with a track
record of accomplishment,
and transform it into any oth-
er institution within the public
education system producing
mediocre results on average?
Is the country really better
served by a public school sys-
tem that is totally and uni-
formly mediocre?































A.good education should
not just be available to those
students whose parents can
afford to pay anywhere from
$3,000 to $12,000 per annum
for a High School education.
Is this really fair to a barefoot
student in Cat Island who has
an excellent brain, but whose
family is of limited financial
means, that the Government
does not provide a single
school that he can obtain a
place in by open competition
that will allow him to reach
his full potential?

It's time to right a wrong

I have been personally
told by former GHS



principals, Cabinet Ministers,
Permanent Secretaries, edu-
cators and many other promi-
nent Bahamians that the deci-
sion to effectively discontin-
ue the ‘old GHS’ was a great

_ mistake. We need to admit

this mistake as a nation and
then move on and create a top
notch, government financed
high school that will provide a
world-class and challenging
environment for our academ-
ically gifted students within
our public school system. Let's
systematically start with one...
then two... and so on until we
have an improved public edu-
cation system.

The old GHS went all the
way to General Certificate of
Education (GCE) Advanced
Level examinations. I submit

_ that the new GHS could go

back to an 'A' Level pro-
gramme or adopt the new
International Baccalaureate

school graduates annually at
that standard, the future of
our country would be very
bright indeed.

Throughout this article, I
avoided perhaps the most
consistent argument against
the old GHS, which was that
it perpetuated an elitist sys-
tem.

Well, when I look around
at the majority of the coun-
try's professionals today, it is
absolutely astounding how
many of them are children of
maids, taxi drivers, straw ven-
dors, domestic workers and
clerks.

Children

I: their children are now
our judges, accountants,
lawyers, physicians, engineers,
Prime Ministers - why can't
Little Johnny from Farm



I beg to differ with those who feel that
supplying a top quality education to ar
elatively small number of academically gifted
students breeds an elitist system. |

(IB) program.

Currently, St Andrew's,
Lyford Cay School, and the
Lucayan School (in Freeport)

offer an IB programme. The.

IB programme is generally
less known to most Bahami-
ans and I wish to refer readers
to www.ibo.org for more
detailed information.
According to its website:
“The International Baccalau-
reate Organisation aims to
develop inquiring, knowl-
edgeable and caring young
people who help to create a
better and more peaceful
world through intercultural
understanding and respect.”

Challenging

Ae this end, the
IBO works with

schools, governments and
international organisations to
develop challenging programs
of international education and
rigorous assessment.”
Annually, our educational
system (both public and pri-
vate) produces some 5000
graduates, we are told. Maybe

-Our national goal should be to

produce 2 per cent of gradu-
ates, or 100 students annually,
with IB level qualifications by,
say 2008, growing to 5 per cent
by 2010 and so on.

Today, we provide less than
30 IB spaces annually. Realis-
tically, if we could have 10 per
cent to 15 per cent of high

Road, who is prepared to
work hard and apply himself,
be assured of similar oppor-
tunities through having access
to the highest quality educa-
tion within the public school
system - just as earlier gener-
ations were?

I beg to differ with those.
who feel that supplying a top
quality education to a rela-
tively small number of acade-
mically gifted students breeds
an elitist system. Indeed, our
challenge is to expand the
number of students who can
succeed at this level of
achievement. I think it is unre-
alistic to believe that we can
move the entire system ahead
in one fell swoop.

Until next week...

NB: Larry R.-Gibson, a
Chartered Financial Analyst,
is vice-president - pensions,
Colonial Pensions Services
(Bahamas) Limited, a wholly-
owned subsidiary of Colonial
Group International, which
owns Atlantic Medical Insur-
ance and is a major share-
holder of Security & General
Insurance Company in the
Bahamas.

The views expressed are
those of the author and do not
necessarily represent those of
Colonial Group International
or any of its subsidiary and/or
affiliated companies. Please
direct any questions or com-
ments to rlgibson@atlantic-
house.com.bs

Bahamas being
‘outmarketed’over
tourism product

FROM page one

“Those who are going to
retain the upmarket are those
providing great value.

“There’s some issues with
productivity and electricity
costs, which ‘are probably the
biggest aggravator in the costs
of doing business. There are
ways these can be addressed
more effectively, both in the
business and externally,”

The CHA study warned that
given the fiscal and public
spending challenges faced by
many Caribbean governments,
they were often turning to
tourism as a source of taxes
given the industry’s position as
the largest and - according to
perception - most successful
economic enterprise in the
region,

The report added: “These
taxes must be seen in light of
the challenges within the
tourism sector. Hotel prof-
itability within the industry is
becoming increasingly an issue
amidst high construction costs,
rising utility costs, and high
labour costs.

“While hotel profitability dif-
fers by country, in the long run
the hotel sector will not be able
to sustain the increasing burden

of indirect taxation, resulting in
this sector becoming less attrac-
tive as an investment.opportu-
nity. There is still a great reluc-
tance to view tourism as an
export industry in public policy
planning in most CARIFO-
RUM countries.”

In the Bahamas, Mr Comito
said that apart from direct taxes,
such as licensing fees, casino
taxes, departure taxes and the 6
per cent room occupancy tax,
the industry faced many indi-
rect taxes,

These included customs and
stamp duties on “many of the
goods that are used in the deliv-
ery of services”, such as food
and beverage and other equip-
ment.

“These are things that add to
the high costs, but the reality is
that the Government needs a
revenue source, and we’ve
based our tax system primarily
on duties,” Mr Comito added.

He said the key for the
Bahamas was “how do we
make” the product better and
more exciting, as Kerzner Inter-
national had done with Paradise
Island and Atlantis as a result of
the phased development to
refresh the resort.

The CHA report said that
while many Caribbean coun-

tries provided tax exemptions
and other investment incentives
for hotel construction, they
often did not provide such
incentives for when the resort
property became fully opera-
tional. Most hotels, the study
pointed out, needed at least 10
years to recover their initial
investment.

Examining hotels in Barba-
dos, Jamaica, St Lucia and the
Dominican Republic, the CHA
study found that for Barbados,
apart from high electricity,
water and labour costs, con-
struction costs stood at $100,000
per room.

There was also a high level
of absenteeism in the Barbadian
hotel industry, the cost associ-
ated with sick days between
January-August 2005 estimat-
ed to have been $328,000. Non-
sick days were estimated to
have cost $167,856, bringing
their total cost to $495,135, com-
pared to $763,204 for the same
period the previous year.

A survey by the St Lucia
hotel association found that in
2004, 13 properties with a total
of 1,564 rooms generated $19
million in salaries; $4.986 mil-
lion in direct taxes; $11.243 mil-
lion in operating costs; and
$346,570 in indirect taxes.
THE TRIBUNE



Illiteracy ‘thriving’ and
undermining economy

@ By NEIL HARTNELL

Tribune Business Editor

Illiteracy is “thriving” in the
Bahamas, another damning
report on the state of this nation’s
education system has concluded,
with 82 per cent of all public
school students who sat the 2006
Maths BGCSE exam failing
based on the schools four-point
grading system.

The Coalition for Education
Reform, the employer and
trade union group that has been
advocating for education reform
for the past three years, said the

- “extent of under-achievement

in maths is simply both massive
and unacceptable.
’ “One cannot escape the con-
clusion that illiteracy, especial-
ly in mathematics, is alive and
thriving in the Bahamas to its
detriment”.

Left uncorrected, © the
Bahamian education system’s
woes and correspondingly low
academic achievements would
lead to “lower economic growth
and increased social instabili-
ty”.

Assessing the 2006 and 2007
BGCSE results from 93 public
and private secondary schools,

the Coalition adopted the four-
point grading system that
schools generally use to mark
students’ work, comparing these
to the BGCSE results.

While the BGCSEs provide
grades ranging from ‘A’ to ‘G’,
with ‘U’ as ungraded, the four-
point grading system provides
grades from ‘A’ to ‘D’, with all
others resulting in ‘failure’.

Converting all the BGCSE
scores to the four-point grad-
ing system, the Coalition found
that out of the 23,063 BGCSE
exams written in 2006, some 32
per cent would have resulted in
a ‘F’ or ‘failed’ mark under this
system.

In 2007, under the four-point
grading system, this percentage

‘increased to 36 per cent, mean-

ing that more than one in three
BGCSE exams written this year
would have produced an ‘F’ or
‘failed’ grade. This was the peak
mark, and just 6 per cent of stu-
dents attained ‘A’.

Assessing English and Maths,
the two basic literacy compe-
tencies that are considered vital

_ by Bahamian employers, using

the four-point system, the Coali-
tion found that 55 per cent of all
public high school students sit-

ting English Language in 2006
would have achieved an ‘F’
grade or a ‘failed’.

In poor performing Bahami-
an public high schools, the per-
centage achieving an ‘F’ or
‘failed’ in English Language
increased to 61 per cent.

Private

- Yet for private high schools,
just 13 per cent of students
achieved an ‘F’ in English in
2006, with the best private
schools seeing just 1 per cent
achieve an ‘F’,

On maths, some 82 per cent
‘of public high school students
sitting the exam in 2006
achieved an ‘F’ or ‘failed’, a per-
centage that increased to 90 per
cent for the worst performing
schools using the four-point sys-
tem.

In the private high schools,
just 33 per cent obtained an ‘F”
in maths, a figure that fell to 1
per cent for the best perform-
ing.

The Coalition said: “Every-
one in business, science and
engineering agree that an
understanding of basic maths is

critical to a range of both low-
tech and high-tech jobs. From
carpentry to computer system
maintenance, the management
of a small business and even
management of one’s personal
finances.

“Cooks must be able to
understand portion control
when following a given set of
recipes.

“A maid working on a mod-
ern hotel. must use a telephone
to input information into a sys-
tem that is available to the front
desk so that rooms can be filled
promptly.

“The cashier no longer just
receives cash. She must be able
to multi-task.

“The maid, dishwasher and
handyman must be able to read
the safety warnings and follow
operating instructions that can
change. It is essential for main-
tenance work on equipment
that runs 24 hours a day, seven
days a week.”

Bahamian males were also
becoming disengaged from edu-
cation, the Coalition said, as
shown by the fact that they

wrote just 39 per cent of the

23,063 BGCSE exams sat in
2006.

Dr Myles Munroe to address
uman resources seminar

NV SAersm MLO Tn cele



Dr Myles Munroe, senior pas-
tor of Bahamas Faith Ministries
and international bestselling
author, will be the keynote
speaker at the Bahamas Human
Resources Development Asso-
ciation's (BHRDA) Manage-
ment Conference this Wednes-
day, October 10 at the British
Colonial Hilton.

Dr. Munroe will address the
topic, The Critical Difference
between Management and
Leading.

Also scheduled to speak are
Charles Sealey, chief operating
officer of Doctors Hospital, and

_Senator Michael Halkitis, who

will respectively discuss Lead-
ership Responsibility: Coaching
to Impact Culture & Perfor-
mance and Aiming for the
Extraordinary.

Each year, the Bahamas
Human Resources Develop-
ment Association aims to edu-
cate human resources profes-
sionals and the community at
large by hosting monthly meet-
ings, biannual workshops and
an annual conference.

According to BHRDA pres-
ident Nadene Charlton, the aim
of this year's conference is to
prepare human resources pro-
fessionals to become leaders
within and outside of their pro-
fession.

PH: 327-POST Pi: 394-POST BBE: BS6-POST
Much more than just a Post Box!

WLLL LDLLLLAN ILL ORAALOODAYALALL DOLLA ADUPLULSALLARAANADCNIALAODYSLOPOCLDEI LISP NE BAIDU ABDI



“As human resources profes-
sionals we want to strengthen
our position in the country so
that we are viewed by all as
dynamic and strategic leaders
who are equipped to make an

impact in our various organisa- -

tions,” she said.

The conference will be mod-
erated by Keith Major, vice-
president, sales, British Ameri-
can Financial.

TUESDAY, OCTOBER 9, 2007, PAGE 3B



Conference to focus
on Exuma’s growth

The second annual Exuma
Business Outlook seminar will
focus on the island’s growth
and development when it is
held at the Four Seasons
Resort at Emerald Bay on
October 18.°

The theme, Modelling the |

Future of Family Island
Growth, will be addressed by
keynote speaker, the Minister
of Works and Transport, Earl
Deveaux. ~

Scheduled speaker, Jackson
Burnside, architect and cul-
tural activist, will address Exu-
mians on the issue of culture
and entrepreneurship. Mr
Burnside believes that with
proper national focus, by the
year 2020 more visitors will be
visiting the Bahamas for art,
culture and heritage.

“IT believe the Family
Islands have rich attributes
which can give us diverse find-
ings that we can offer to the
world,” Mr Burnside said.
“The Exumas are a treasure
chest of culture, and are very
special because of its rich his-
tory.”

Over the past few years the
Exumas have experienced
development in the areas of
construction, resort commu-

i. nities, restaurants and high

end tourism developments.
This, in turn, sparked rapid
population growth.

This year's Exuma Busi-
ness Outlook will extend its
discussions to the develop-
ment of islands' infrastruc-
ture, the agricultural sector,
hotel and resort development,
land and environmental
issues and personal financial
planning.

Lynn Gape, Deputy Execu-
tive Director, Bahamas
National Trust, who will also
be speaking at the seminar,
expressed her hope that devel-
opment in The Exumas is
done consciously and is sus-
tainable.

“We would hope that the
developers will be conscious
of the fact that they are work-
ing with a fragile eco system...
and we would also hope the

Boverpment of The Bahamas

will work with developers to
ensure that they are using best
practices.”

Jackson Burnside also com-
mended the Business Outlook
seminar. “I think it's an espe-

cially important event taking

place in a Family Island, as it
elevates the conversation of
growth for the future. This
event, he said, will help them
(Exumians) to realize that
they too have an important
part to play in the overall
development of The Exumas

and by extension The
Bahamas.
Discussion

Mrs Gape also shared Mr.
Burnside's sentiments and
additionally encouraged Exu-
mians to use this seminar as
an avenue to join in the dis-
cussion about the future devel-
opment of their island, to keep
themselves informed and be
ready to work with the devel-
opers to ensure that they do
not lose the traditional beauty
of their.island.

Other speakers include
Reginald Smith, President of
the Exuma Chamber of Com-
merce, Mike Hartman,Chair-°
man of the Out Island Pro-

motion. Board, Dr Selima

Campbell, Horticulturist, Kei-
th Major, Vice President of
Sales at British American
Financial, Simmone Bowe,
Director of Human -
Resources and Training at
Bakers Bay Golf & Beach
Club, Tex Turnquest, Direc*
tor, Lands and Surveys
Department, Darron Cash,
Chairman of the Bahamas
Development Bank, and
Dwight Hart CEO of Thane
Media Group.

This year's sponsors include
British American Financial,
Baker's Bay Golf & Beach
Club, National Insurance
Board, Scotiabank (Bahamas)
Ltd, BEC, Bahamas Develop-
ment Bank, Bank of the
Bahamas, J.S. Johnson & Co.,
Ltd, and the Exuma Chamber

of Commerce.

INDEPENDENT SALES
REPRESENTATIVES

NEEDED!

Must have a proven track record in sales
Experience in Sales a must
Must have reliable transportation

Ability to meet and adhere to strict deadi...es
Excellent written and communication skills.

Apply in writing to

Sales Representatives

Box. PM-1

C/O The Nassau Guardian

P.O. Box N-3011

Nassau
Bahamas


PAGE 4B, TUESDAY, OCTOBER 9, 2007

Financial awards
panel announced

The Blue Ribbon Panel to
select the recipients of the
Bahamas Financial Services
Board’s (BFSB) annual Finan-
cial Services Industry Excel-
lence Awards has been named.

The Blue Ribbon Panel is pic-
tured here. Sitting, from L to
R, are: Sylvia Carey, human
resources manager at the Cen-
tral Bank of the Bahamas; Joan
Albury, president, The Coun-
sellors.

Standing from L to R: Julian
Francis, former Governor of the
Central Bank of the Bahamas;
Phil Stubbs, former managing
partner for Ernst & Young; and
Paul McWeeney, managing
director of Bank of the
Bahamas International.

The Financial Services Indus-
try Excellence Awards are

designed to recognise role mod-
els in the Bahamian financial
services industry for their per-
formance and contribution to
the growth and development of
the industry.

Purpose

The BFSB’s chief executive
and executive director, Wendy
C. Warren, said: "These Awards
continue to recognise the impor-
tance of quality human resources
for the success of the industry."

Each year awardees are cho-
sen in four categories:

Executive of the Year - chief.

executive level

Professional of the Year -
Any level of management or
supervision

Achiever of the Year - Junior
and Support levels

A special award for Devel-
opment and Promotion of the

financial services industry. .

Nominations were open to the
entire financial services indus-
try, including industry, regula-
tory and supervisory agencies.

The awards are complement-

_ed by the BFSB's Financial Ser-
-vices Student of the Year out-

reach, hosted in collaboration

with the College of the.

Bahamas School of Business.

The 2007 Industry Excellence
Awards Banquet will be held
on October 27 at Sandals Roy-
al Bahamian Hotel and Spa.

All finalists will be recognised ,

at that time, and the recipients
in each category will be
announced for the first time.



THE TRIBUNE



Fisheries ‘cl

FROM page one

That body, which had its first
formal meeting yesterday, is
“going to play a huge role” in
devising an all-encompassing
trade policy to-deal with all trade
issues facing the Bahamas,
Zhivargo Laing told The Tribune.

Following a meeting with
fisheries industry representa-
tives and Larry Cartwright, the
minister of agriculture and fish-
eries, on Friday, Mr Laing said
Anthony McKinney, head of
Paradise Fisheries, had been
appointed as the sector’s rep-
resentative on the Trade Com-
mission due to its specific con-
cerns over the EPA.

“Any conversation we would
have had last week would have
been-related to our approach
to the EPA,” Mr Laing said.

“It’s not signed, we’re negoti-
ating and that continues to be
the position.

“We have a clearer under-
standing with the fisheries peo-
ple as to what we’re doing and
what the possibilities are.

“We were able to at least
ensure they had representation
on the Trade Commission. One
of the problems their industry
has is that they do not have an
association as such. They had a
Fisheries Advisory Board, but
that is appointed by the Goy-
ernment, and we had to call on
them to identify a person who
could represent their interests
and: have them on the Trade
Commission.”

Mr Laing, though, reiterated
the Government’s previous
position that while it recognised
that signing the EPA was

aun

Will be closed for our annual
FUN DAY at all four locations on
Wednesday, October 10th 2007
and will resume regular hours on
Thursday, October Lith 2007.

Management and staff regret any
inconvenience caused.



arer’ on EPA!

important for preserving duty-
free, competitive market access
to the European Union (EU)
for Bahamian exporters such as
the fisheries and Polymers
International, it could not allow
itself to be pressured into sign-
ing on by the December 31,
2007, deadline.

This was because it had to
assess the implications for the
wider Bahamian economy, and
its tourism and financial services
industries, both in the EPA and
other trade arrangements, such
as World Trade Organisation
(WTO) membership and future
talks on replacements for the
Caribbean Basin Initiative
(CBI) and CARIBCAN trade
pacts with the US and Canada
respectively.

As a result, while mindful of
the EPA’s importance, Mr
Laing said the Government
needed to develop.an all-

-encompassing trade policy that
“was not rushed by deadlines,

‘timelines and other isolated
events. _ ;

“The EPA will certainly be a
priority because of the timeline
involved,” Mr Laing said, “but
the Bahamas has to adopt a
trade position. It has to deter-
mine in relation to trade matters
how, in its best interests, it is
going to proceed.

“What is the suitable position
for the Bahamas to have? When
we determine that, all other
things will probably fall into
line.

“I think that’s the only sensi-

ble approach we can take as
regards the EPA. We are in it,
we are negotiating, we will par-
ticipate and we will make a
decision as we are called upon
to do so. It is the broad trade
position of the Bahamas that is
the priority.”

Mr Laing added of exporter
concerns on the EPA: ““We’ve
given every assurance to [those],
including the fisheries and oth-
er people impacted by the EPA,
that we will ensure to the best
extent possible that they are
able to perform and function,
but all in the context of safe-
guarding and advancing the
broader economy of the
Bahamas.”

CARIFORUM, which is
negotiating the EPA on the
Caribbean’s behalf, is now treat-
ing the Bahamas as a non-par-
ticipant, and this nation had no
one representing it at the 11th

CARIFORUM-EU., Technical:

Negotiating Group Meeting and
the 8th CARIFORUM-EU
Principal Negotiators Meeting.

Mr Laing said of the Trade
Commission’s role in develop-
ing an all-encompassing trade.
policy: “It’s going to play a crit-
ical role. From my point of
view, we are going to see the
Trade Commission as the
means by which the private sec-
tor’s input is sought and com-
-municated to the Government.

“It will also be the means
through which the Govern-
ment’s thoughts and policies are
communicated to the. private

Share your news

_The Tribune wants to hear

from people who are
making news in their
neighbourhoods. Perhaps

you are raising funds for a

good cause, campaigning
for improvements in the
area or have won an
award.

If so, call us on 322-1986
and share \your story.

Zhivargo Laing

sector.”

The fisheries industry is con-
cerned that failing to sign the
EPA could jeopardise $60 mil-
lion in exports to France.

‘ Ifthe Bahamas fails to secure
duty-free access to the EU for



its seafood exports by signing
on to the EPA, which is due to:
replace the expiring Cotonou
Agreement on January 1, 2008,
they could face an 8-12 per cent
tax being added on to the prod-
uct going into France.

~ Legal Notice

NOTICE

~ QUILL FEATHER LIMITED

Notice is hereby given that in accordance with section

138 (8) of the International Business Companies Act

2000, the dissolution of QUILL FEAFHER LIMITED has
=, Gay | been completed; a Certificate of Dissolution has been is-

Pricing Information As Of:
Monday, 8 October 2007

Ely

sued and the Company has therefore been struck off the

Register.

Yield
0.00%
3.45%
2.72%!
2.35%
1.62%
1.63%
2.18%
2.54%)
4.18%
0.78%)
0.00%},
3.81%
4.45%
3.21%)
2.18%
0.00%}:

Div $ P/E
0.000. ~+17.6
0.400 7.7
0,260 13.0
0.020 17.7
0.060 13.5
0.040 48,0
0.240 11.0
0.080. 15.1
0.680 13.7
0.050 87.2.
0.000 8.3
0.240 7.8
0.570 16.7
0.470 15.7
0.133
0.000
0.200
0.580
0.600

Change Daily Vol.
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.04
0.00
0.00
0.00
0.00
0.00
0.00
0.00

“0,00
0.00

S2wk-Hi 52wk-Low
0.54
11.00
7.51
0.70
ABB te:
1.20
9.55 -
1.80
11.91
4.70
2.20
5.54
11.51
13.82
5.18
0.54
7.10

EPS $
0.094
1.502
0.733
0.048
0.275
0.051
0.996
0.208
1.190
0.112
0.284
0.804
0.768
0,934
0.364

-0.415
0.411
0.991

Previous Close Today's Close
1.65 1.65
11.60 11.60
9.55 9.55
0.85 0.85
3.70 3.70
2.45 2.45
11.00 11.00
3:15 3.15
16.26 16,26
6.40 6.44
2.35 2.35:
6.30 6.30
12.80 12.80
14.65 14.65
6.09 6.09
0.70 0.70
7.25 1.25.
10.05 10.05
10.00 10.00

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 (S)
Freeport Concrete
ICD Utilities
J. S. Johnson
Premier Real Estate

ARGOSA CORP. INC.
(Liquidator)

Legal Notice

NOTICE

-BEARNETTON INC.

Notice is hereby given that in accordance with section

Seo
Last Price Wee
16.00

6.00

ymbo!
Bahamas Supermarkets
Caribbean Crossings (Pref)

Bahamas Supermarkets

RND Holdings 138 (8) of the International Business Companies Act

2000, the dissolution of BEARNETTON INC. has been

completed; a Certificate of Dissolution has been issued

Fund Name Last 12 Months Div $ Yield %
Colina Money Market Fund
Fidelity Bahamas G & | Fund
Colina MSI Preferred Fund
Colina Bond Fund

Fidelity Prime Income Fund

1.358531"
3.3402***
2.921539***
1.274052***
11.7653°***

11.6581 11.2129

‘ and the Company has therefore been struck off the
YIELD - last 12 month dividends divided by closing price « :

Bid $ - Buying price of Colina and Fidelity

Ask $ - Selling price of Colina and fidelity

Last Price - Last traded over-the-counter price

Weekly Vol. - Trading volume of the prior week

EPS $ - A company'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

L's - 19 Dec 02 = 1,000.00 NAY Kiey,
52wk-Hi ~- Highest closing price in last 52 weeks

52wk-Low - Lowest closing price in last 52 weeks

o
* - 28 September 2007 Register.
** - 30 June 2007
30 September 2007
see". 31 July 2007

Previous Close - Previous day's weighted price for daily volume
Today's Close - Current day's weighted price for daily volume
Change ~ Change in closing price from day to day

Daily Vol Number of total shares traded today

DIV $ - Dividends per share paid in the last 12 months

P/E - Closing price divided by the last 12 month earnings

(S) - 4-for-1 Stock Split - Effective Date 8/8/2007



ARGOSA CORP. INC.
(Liquidator)

wpe
ee CoA


THE TRIBUNE

TUESDAY, OCTOBER 9, 2007, PAGE 5B



SS ee ee >
Real estate firm to give ‘one-stop shop’

A NEW real estate company
specialising in high-end Bahami-
an waterfront properties has
’ been formed to provide a ‘one-
stop shop’ service for clients.

Bahamas Waterfront Proper-
ties (BWP) president Colin
Lightbourn said in a statement:
“We are experiencing increased
demand for a turnkey real
estate service, from the initial
purchase to the management of
the property and ancillary ser-
vices that go along with own-
ing and living in the Bahamas.

“With over 500 realtors in the

country it is a very competitive
industry, so we are directing our ©”

companies’ resources towards
this market.”

Bahamas Waterfront Proper-
ties maintains the philosophy
that environmental responsibil-

ity is a means to increase real
estate values rather than a road-
block to economic develop-
ment.

Mr Lightbourn added: “In
the past, land developers have
often viewed environmental
sustainability as an added
expense and burden towards
the feasibility of a project.
Today, this is no longer the case
since the market and govern-

ments are becoming more and -
more conscious about environ-!

mental integrity, particularly in
small developing countries like
ours.”

Mr Lightbourn said that since
the Bahamas is so vulnerable
to climate change and hurri-
canes, and has limited natural
resources, a sustainable devel-
opment policy is essential to the

growth of the Family Islands.
Bahamas Waterfront Proper-

ties is a member of the Nation- .- «

al Association of Realtors and
the Bahamas Real Estate Asso-
ciation.

SPECIALISING IN high-end
waterfront properties such

as the Ocean Club Estates
Condominiums, pictured
here, the Bahamas Waterfront
Properties’ president, Colin
Lightbourn explains: “We

are experiencing increased

demand for a turnkey

‘real estate service, from
the initial purchase to the
management of the property
and ancillary services that
go along with owning and
living in the Bahamas.”

ES



Mayaguana deal may
breach Hawksbill Act

FROM page one

“Those tax concessions have
not played out very well in the
real world,” he said. “They’re
[the Government] creating a
muror image of the problems
of Freeport, problems that have
yet to be fixed.”

The Heads of Agreement for
the Mayaguana project, tabled
in the House of Assembly by

the FNM government, revealed.

that Mayaguana Island Devel-
opers Ltd had been given pow-
ers that rival the GBPA’s,
including the ability to licence
businesses on the island, and a
host of 20-year investment
incentives for itself and its
licensees.

However, Mr Lowe pointed
out that the Hawksbill Creek
Agreement stipulated via
-statute law “that no other con-

cessions-are to*be granted that
exceed those* contained inthe: .

law that created Freeport.

“Tf it exceeds, in concessions,
those granted to Freeport, it
goes against the original Hawks-
bill Creek Agreement,” Mr
Lowe said of the Mayaguana

Heads of Agreement. “At least.

ours is enshrined in statute......
. “They have not looked at the
ramifications of the Hawksbill
Creek Agreement prior to
recreating it elsewhere.

“J think, at this juncture,
we're obviously going to have as
many, if not more problems,
down there than we have had
here.”

One area where the
Mayaguana Heads of Agree-
ment may breach the Hawks-
bill Creek Agreement and its
successors is on real property
tax exemptions. Mayaguana
Island Developers has a 20-year
real property tax exemption for
itself and all its licensees, which
could possibly be extended for
another five to 15 years.

Relief

Yet the Freeport, Grand

Bahama Act 1993 has only
granted Freeport relief from
real property tax until 2015,
potentially some 26 years less
than what Mayaguana Island

Developers and its licensees will

receive.

When it comes to investment
incentives, the Heads of Agree-
ment alsovgivessMayaguana

Island: Developers and its).
» dicensees a 20-year exemption .

from stamp taxes (including on
money remitted by banks to for-
eign countries), all licence fees
(including Business Licences),
taxes upon earnings, interest or
dividends, and “direct fiscal
impositions upon or against
earnings”.

Mr Lowe said the Mayaguana
Heads of Agreement appeared
to have borrowed language and
terms directly from the Hawks-
bill Creek Agreement, espe-
cially when it came to items
such as ‘consumable stores’,
‘administrative stores’ and

‘licensees’.

Other incentives, which the
Heads of Agreement say are
granted under the Bahamas
Investment and Incentives Act
and the Family Island Econom-
ic Enterprise Zones Act, duty-
free importation for 20 years of
all manufacturing supplies
required by industrial firms that
establish themselves in the 9,999
acre development area on
Mayaguana.

The Grand Bahama Cham-
ber president added that the
‘consumable stores’ definition
was “fraught with problems”,
as it was based on what the end-
use was, whether for business
or other purposes.

Twenty-year customs duty
exemptions are also granted for
a whole host of equipment and
material necessary to fit out fac-
tory plants and for construction.

“The Government recognises

that the éxemptions and incen-

tives set forth... are of para-
mount importance to Mayagua-
na Island Developers to enable
the company to achieve its goal
of developing Mayaguana as a
resort/second home destination,
with viable commercial and

industrial sectors competitive:

with other premier destina-
tions/mixed-use communities,”
the Heads of Agreement says.

. On the licensing of Bahamian
and foreign-owned businesses
in Mayaguana, the Heads of
Agreement states: “The Goy-
ernment agrees that Mayaguana

the exclusive and unconditional
right at all times to grant
licences to any licensees.
“Nothing in this Agreement
shall be deemed to prevent or
restrict in any way Mayaguana
Island Developers from licens-
ing any person, firm or compa-
ny to carry on any lawful busi-
ness, undertaking or enterprise
within the development on such
terms as Mayaguana Island
Developers shall in its absolute
discretion deem fit and prop-
er.

of things we
think, say or do

1.ls it the TRUTH?

2.|s it FAIR to all
concerned?

3. Will it build
GOODWILL and
BETTER
FRIENDSHIPS?

4. Will Tt be
BENEFICIAL to
all concerned? ~

www. rotary.org



Economic growth
down on 2006

FROM page one |

The Central Bank said that
while the economic outlook
for the Bahamas remained
“relatively favourable” for the
rest of 2007, the external
reserves were due to come
under pressure from seasonal
demands for foreign curren-
cy and oil price increases.

Compounding the con-

cerns were. the global liquid- .

ity crunch and financial
crises, which “may present
some challenges for the
domestic tourism and real
estate sectors in the medium-
term”.

On the fiscal side, the Gov-
ernment’s fiscal deficit for the
first 11 months of the 2006-
2007 fiscal year to May 31 had

increased by 17.7 per cent
from $88.7 million to $104.4
million. :

A 12.2 per cent rise in rev-
enues had been “surpassed”
by a 12.6 per cent increase in
financing, with Budget financ-
ing coming from the Govern-
ment’s domestic borrowings -
mainly bond issues - which
expanded by 12.3 per cent-to
$230.3 million.

Inflation for the 12-month

. period to end-August 2007

rose by 0.89 per cent to 2.42
per cent, with goods and ser-
vices prices up by 5.28 per
cent; food and beverages up
by 3.97 per cent; furniture and
household operations ‘up by
3.54 per cent; and recreation,
entertainment and services up
by 3.18 per cent.

HELP WANTED
Salesperson

We are looking for an energetic and professional

person to sell generators, golf cars and oil. We

will train. Good attitude a must.

Contact Harbourside Marine.
Tel: 393-0262. Fax resume to 394-7659

NOTICE

NOTICE is hereby given that JENNEFER ALCIDE of
COOPER TERRACE, KEMP ROAD, P.O. BOX
N-7147, NASSAU, BAHAMAS,
Minister responsible for Nationality and

is applying to the
itizenship, 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 9TH day of OCTOBER,
2007 to the Minister responsible for Nationality. and

PUBLIC NOTICE
INTENT TO CHANGE NAME BY DEED POLL

The Public is hereby advised that |, Oneika Stubbs of |
the Island of New Providence, the mother of ZAl AKO
TUNANO STUBBS intend to change his name to ZAI
AKO TUNANO SPATCHES. If there are any objections
to this change of name by Deed Poll, you may write such
objections to the Chief Passport Officer, RO.Box N-742,
Nassau, Bahamas no later than thirty (80) days after the
date of publication of this notice.











Legal Notice
NOTICE

Barthol Trading Limited
In Voluntary Liquidation

Notice is hereby given that in accordance with Section
138 (4) of the International Business Companies Act,
2000, BARTHOL TRADING LIMITED is in
dissolution as of October 5, 2007.



International Liquidator Services Inc. situated at 35A
Regent Street, P.O. Box 1777, Belize City, Belize is the
Liquidator.



LIQUIDATOR



Island Developers shall have



NOTICE

NOTICE is hereby given that RICARDO DECIUS of
HONEYCOMB STREET, P.O. BOX CR-54091, 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 9TH day of
OCTOBER, 2007 to the Minister responsible for Nationality
and Citizenship, P.O.Box N-7147, Freeport, Bahamas.

NOTICE

NOTICE is nee es that OWEN HENRY of MARSH
HARBOUR, ABACO, 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 2ND day of OCTOBER
2007 to the Minister responsible for Nationality and
Citizenship, P.O.Box N-. 7147, Nassau, Bahamas.



Legal Notice
NOTICE

Drilco Operations Inc.
In Voluntary Liquidation

Notice is hereby given that in accordance with Section
138 (4) of the International Business Companies Act,
2000, DRILCO OPERATIONS INC. is in dissolu-
tion as of October 5, 2007.

Alastair Cunningham of Kyriacoy Matiz 29, Agios
Dometios, 2373 Nicosia, Cyprus is the Liquidator.

iS

LIQUIDATOR



PUBLIC NOTICE
ROAD TRAFFIC DEPARTMENT

All Franchise Holders:

PUBLIC SERVICE VEHICLE
* LICENCING & INSPECTION

In accordance with the Road Traffic Act |
Statue Laws of the Bahamas, the inspection
of Public Service Vehicles will be carried
out in New Providence and the Family
Islands beginning Monday Ist October thru
Wednesday 31st October 2007.

Owners and operators of these vehicles must
ensure that the total numbers of vehicles
covered by their franchise are presented for
licensing and inspection. When and owner
or Operator present fewer vehicles for
licensing and inspection that is covered by
his/her franchise, the Road Traffic Authority
Board in the absence of proof will assume
that he/she no longer needs the franchise,
which are not presented at this time. The
Authority therefore; requires his/her to show
cause why 90(1), which refer to the
revocation of franchise in the Road Traffic
Act.

Further all franchise holders must produce
documentary proof to show that their
franchise is operational at the time of
licencing and inspection.

Controller
Road Traffic Department


PAGE 6B, TUESDAY, OCTOBER 9, 2007



SOMEHOW SHE
WOULD MAKE ME
YOUNG AGAINL

THE FIRST THING IM
UNPACK 18 My/ BROUGHT
FAMOUS BARBECUE. i

HONEY, EVERYONE
NEEDS TO EAT.





*PENNIS PIP WHATZ
DOWN YOUR BACK 2”















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IS A LONELY I WEREN'T SO DARN iS],
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MYSELF, I GET HEAVIER SIGNED US BOTH [To JUST STOP WEIGHING YOURSELF? ¥KQI85
UP FOR MEMBERSHIP yee
IN ATE WATCHERS® Soe
The bidding:
) South West. North East
1% Pass 3¢ Pass
39 Pass 4NT Pass
5¢ Pass 71%

Opening lead — ten of spades.

Assume you get to seven hearts
on the sequence shown. Partner’s
bidding is certainly reasonable —
from his viewpoint, if you had a sixth
heart or the juck of diamonds, you’d
have 13 sure tricks. But as it is, you
have a potential loser in clubs. How
should you play the hand?

At first glance, it seems that the
only chance to get rid of the club
loser lies in finding a 3-3 division of
the missing diamonds. Since this is
only a 36 percent probability, you

©2007 2 Mer hmarica Dymtieta, ln. Word tight rexerved.











ITS A
LOT FARTHER
DOWN FROM UP
WERE THAN FKOM
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plurals.
TODAY'S TARGET



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_ 9 Plus I'm playing in one without hav- 1
ing planned to (2,7)

DOWN

Do, having agreed to, repair. It's
shabby and scruffy (3-5)
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‘ are the company (6)
. found in the records (8) 3 Want, in a while, a suspension of all
12 Book half of them may leave unfin- broadcasting (8) f
ished (4) 4 Agree to break the novice in, if you'll
13 Boxes for the bits and pieces (6) : Shen bs ie Oy vibe te
j : : eriods taking trips
14 A post for the incorruptible (7) 6 — Outside the court, funny noise you
15 A fish that shows the water's not investigate (5,5)
totally contaminated? (3,2,4) 7 Steal the animals carrying the bug
17 Wagging, glad | brought a bone in 8 a tenia tk
A gan training the pupil in India (6)
Soe EU act 11 And i's tied up with string, brought’
18 Put off when there is wind on the in to be marked (5)
day (7) 16 Tangle in a way that's against the
20 Soldier's signal meaning “Save me” __ tules? (4,2)
(6) 19 Belts found in a drawer in the bed-
: \ room (5)
21 Cold, pour it down the drain (4) 20 This man will make history (3)
24 In fact, it's a bad cut, chum (8) 22 Caught breaking the rule about ~ || ca
26 Inside, dear, possibly | can adjust a ee (5) 4 :
8 cline, when juice is brought back, Reruns
ue bites (9) to drink it (4,2) EASY PUZZLE -
28° River said to flow slowly (4) 25 The dope that affected the heart
29 For the bird, get a vel round: noth- (4,6) ‘ACROSS
“ing; 26 N | 9° Beach ot ool attendan 34 Clumsy (5,6) 8 Mendicant (bi
ing; a cold (6) t ae By ten it will be really To\ine om aE a a 36 Onlooker (9) 14 Bt aes 162)
31 Decline to give the lineage (7) 27: then youre in hivhed a 12 At that time (4). ) 38 Forsake (7) 16 Baby's bed (6) ‘
34 A ruil tree with fruit on it (9) against (os cee | 13 Victor (6) a9 Sacien (0 m 19 Rub out (5)
, Rs : rick structure
36 Not working well with children (9) 30 Making a fuss and acting oddly ia Aboud i spe (2.9) 41 Non-commissioned 3 wae gis
38 Tattler who split on what caused the about entering (8) i ; officer (8) 3
a: g (8) 17 Twin-hulled vessel (9) 23 Trustworthy (6)
‘dieter’s lapse’ (7) Sure to describe it in (8) 18 Medium (7) 42 Burns without flame (9) 25 Decorative (10)
39 Securing the label, put a spike 32 Atthe same time, is self-possessed 20 Tie up (6) DOWN 26 Novel (3)
ahd ' (8) 21 Bill of fare (4) 1 Small fleet (8) 27 Towed vehicle (7)
through (6) 33 For fun, plugs the songs (7) 24 Large hall for dancing (8 2 Insult (6 30 Steadfast (8)
; 9s ( ing (8) (6)
40 See it's an awkward situation (4) 35 Ausual, or unusual, Roman numeral a Saree element (8) 3 Woman's under-bodice 31 Sorrel of bones (8)
41 Putin the cellar as specified (4,4) (6) 88 votes (4) ) 3% Sloppy
i Ictim: ie a bi 29 33 G d racing (3,4
42_ alt pon em da want Tatar a ee | tems Bee
to be given (5,4) 6) See een ne pall 31 Doubting Thomas (7) 6 Variety (10) 36 Marriage partner (6)
7 Fruit type (7) 37 Tantalises (6)
CRYPTIC SOLUTIONS

ACROSS: 4, Strife 7, Hard cash 8, E-ng-ine 10, Floes EASY SOLUTIONS
13, O-bo-E 14, Fans: 15, Spar 16, Pan 17, S-U-it 19, Ma-I-L 21, Mast-l-cate 23,
PA-YE 24, Mo-ll

26, Fax 27, Flu-x 29, Away 32, Guam 33, A-side

34, O-c-cult 35, Conducts 36, Loofah 16, Wed 17, Ajar 19, Tail 21, Prominent 23, Feel 24, Long 26, Sew 27, Ti

Edit 32, Beta 33, Bride 34, Armada 35, Loitered 36, Oddity
DOWN: 1, Chaff 2, Ar-son 3, Aces 4, She-BA 5, Rage ‘

6, Fingal 9, Norma-L 11, Lap 12, ES-say

13, Opt-l-mum 15, Sit 16, Pi-e 18, Useful 20, Atlas 21, Max 22, Cox 23, Pancho
25, Mad 28, Latch

30, Wit-C-h 31, Yeast 32, Gulf 33, Andy

DOWN: 1, Scans 2, Lasso 3, Pill 4, Stare 5, Adam 6, Compel 9, Listen 11,
Aware 13, Gorilla 15, Dam 16, Wit 18, Jolted 20, Anger 21, Pew 22, Not
Feared 25, Bid. 28, Italy 30, Diary 31, Tends 32, Ball 33, Bite

! HE PUT A FROG



HOW many words of four letters
or more can you make from the '
letters shown here? In making a
word, each letter may be used

. once only. Each must contain the
centre letter and there must be at
least one nine-letter word. No

Good 20; very good 30; excellent 39
(or more). Solution tomorrow.

ACROSS: 4, Scarce 7, Clarinet 8, Alarms 10, Nasal 13, Grim 14, Slow 15, Does

THE TRIBUNE BUSINESS









Percentages

appear to be a favorite to go down
one. Nevertheless, with correct play
you can raise your chances to much
better than 50 percent.

After taking the opening spade
lead, you draw trumps, cash the ace
of clubs and then run your remaining
spades and hearts. This reduces your
own hand to three diamonds and the
queen of clubs, while dummy has the
A-K-Q-5 of diamonds. Meanwhile,
if either defender was originally dealt
four or more diamonds and the king
of clubs, he cannot discard safely on
the last heart.

In the actual deal, East is the one
who succumbs to the pressure. When
the fifth heart is led, he is forced to
discard the king of clubs — his only
hope is that his partner has the queen
— after which you take the last four
tricks with the club queen and A-K-
Q of diamonds. Observe that the
squeeze would work exactly the
same way if the East-West hands
were interchanged.

Note also the critical importance
of cashing dummy’s ace of clubs
before running all the spades and
hearts. If this is not done, the squeeze
won’t work against East. This is
because if the dummy has been
reduced to the club ace and four dia-
monds after the first eight tricks, East
can safely unguard his king of clubs,
since declarer cannot get,back to his
hand to cash the queen of clubs.

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MONASTERY

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YESTERDAY'S SOLUTION ©

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Rogelio Antonio v Dao Thein
Hai, Malaysian Open 2005. With
China and India aiming to
become chess superpowers and
smaller Far East nations
benefiting from the increased
tournament activity, Asia is
currently the growth area for
chess. The game was given
official status in last year’s Asian
Games in Qatar, it is believed
that Beijing will allow it as a
demonstration sport at the 2008
Olympic Games, while Qatar
plans to bid for the 2016
Olympics and has said that chess
will be part of the package. In
today's position White is
attacking, and though Black
seems to have a solid defensive
formation it took the Philippines
master Antonio (White, to play)





just two turns to induce his
Vietnamese opponent to resign. |
What happened?





YOU AND HOBBES JUST
WATCH TV AND BE GOOD,
OKAN ?







YIDEORAMA? I'D LIKE To
RENT a AND SOME

MOVIES!











oo
TUESDAY,
ARIES — March 21/April 20 |
Listen to what others have to say this
week, Aries. Some of them make
very valid points. A close friend is

having romantic problems. Offer
your sage advice. =

TAURUS - April 21/May 21 |
Loved ones are being secretive about
a family matter. Be. patient; you'll
learn the facts soon enough. A
romantic interest wants to take your
relationship to a new level.

GEMINI- May 22/June 21 |
A business associate reveals his or her
true feelings for you.-No matter how,
you feel, don’t get involved with him)
or her. It only will create problems at
work.
CANCER - June 22/July 22 |
You have a falling out with that spe-
cial someone early in the week,
Cancer. While you have every right
to be angry and upset, don’t make any
drastic decisions. An acquaintance
asks to borrow money. Be wary.
LEO - July 23/August 23 _
Don’t let a compliment from a co-
worker go to your head. You must
keep giving 100 percent. A loved one!
has good news. Help him or her to cel-}
ebrate. Libra plays an important'role.

VIRGO -— Aug 24/Sept 22

Be honest when a good friend asks
for your opinion about a new rela-
tionship. You meet an interesting!
person while running errands. This}
could be the one! |

LIBRA - Sept 23/Oct 23
Don’t let a minor setback get you:
down, Libra. You still can reach’
your goal. A loved one. is con-!
cerned about you. Don’t ignore his!
or her questions. i
SCORPIO — Oct 24/Nov 22
You have a lot to do this week,
Scorpio. Stay focused on the tasks at’
hand, and don’t let others distract:
you. A friend of a friend asks a favor’
of you. Do what you can. i
SAGITTARIUS - Noy 23/Dec 21
Don't take your personal problems to:
work with you. Your superiors are
expecting a lot from you this week. A
loved one lets you in on a family
secret. Leo plays an important role
on Thursday.

CAPRICORN - Dec 22/Jan 20
A friend wants to set you.up on a blind
date. While he or she means well, the
date has potential to be disastrous.
Follow your own instincts when it
comes to romance.

AQUARIUS — Jan 21/Feb 18
Don’t get in over your head when try-
ing to help a co-worker this week.
While you want to help, you have a lot
of your own work to do.That special
someone has a surprise for you.

PISCES — Feb 19/March 20

When you see something that you
want, go after it. No one is going to
help you, A loved one needs to talk to
you about a personal problem. Listen
to him or her, and try to be supportive.

CHESS by Leonard Barden |

Csr et



| |

c

|
°
-

o
a

LEONARD BARDEN

oo SFSFSFSFSFSFSFSFMMMMFsFhFeFEeFese

-*
Chess solution 8317: 1 Qxg7+! Kxg7 2 Nd5! Resigns. If

exd5 (else White regains the queen with a bishop

it 29, ahead) 3 Nf5++ Kg8 4 Nh6 mate.
Mensa quiz: Sport. The words are Tasty, Topaz, Trout,
Three and Tatty.

All 12,

23,


THE TRIBUNE BUSINESS

TUESDAY EVENING

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

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’ Great Romances|Nova The craft of the traditional — /Gladiators: The Brutal Truth ( —|P.0.V, A group of adults whose lives
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, The Insider (N) {NCIS “Ex-File” Gibbs and Lt. Mann |The Unit “Always Kiss Them Good- |Cane Alex devises a scheme that.
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(00) Weakest | Who Wants to Be a Millionaire © |That’s the Ques-|Family Feud = |Family Feud = |Chain Reaction
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; :00) Attack of {X-Play “Dead. _|X-Play “Tenchu $ 2.0 Cell |Cops 2.0 Buying |Ninja Warrior | Ninja Warrior
| G4Tech |fe Show (\) [Head ret MOEN UE

; (¢) Murder, Murder, She Wrote Dennis Stanton) x x MATLOCK: THE THIEF Vs Mystery) Andy Griffith, Nancy
HALL he Wrote (suspects a con man who insures a |Stafford, Julie Sommars. Matlock defends a rare-coin dealer accused of
(CC) Mark Twain manuscript. murder. (CC)



Buy Me “Shel- |The Style Dept. [Design Inc. 1 Colin & Justin’s Home Heist ‘Not |Top Design “Child's Play’ 0 (CC) Bre 2 aks
3 HGTV [et 0 (CC) ae Neh aan (cc. Easy Being Green” 1 (CC) oe Y e
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M SNBC eI Hardball Countdown With Keith Olber- {Presidential Debate A Republican forum at the Ford Community & Per-
CC. mann forming Arts Center in Dearborn, Mich,
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NICK = Iaindys Back [SquarePants c1|'Git Power (ment Cricc). |ment Vcc) (Avice) (atc)
NTV NTV Election NCIS “Ex-File” (N) © (CC) House “97 Seconds” (N) © (PA) |News (N) |News
Coverage 2007 (CC) (CC)
SPEED ee oe Thun- prewiea Thun- |Redline TV (N) Redline TV [Super Bikes! Super Bikes!
Extraordinary {Behind the Joyce Meyer: jJohn Hagee To: /Bill Gaither (CC) |Praise the Lord (CC:
TBN Health With dor Scenes (CC) Eojng very: |day (ccy ea
dan Rubin day Life (CC)

; 6:30) MLB Baseball National a Division Series Game 5 -- Colorado Rockies at
TBS hiladelphia Phillies. If necessary. From Citizens Bank Park in Philadelphia. (Live) ( (CC) Heat Game 5 -- Cubs at Di-
amondbacks

(en) David Really Reckless Drivers “Wild |LAInk “Kim Looks for Love’ Kim {LA Ink “Kat's in Love” Kat meets a
TLC laine: Frozen |Chases’ Car chases. (N) wants to start dating. man. (N)

in Time © (CC)

(:00) Law & Or- |Cold Case Evidence in the 1965 {Cold Case “Frank's Best”. Danny re-|Cold Case ‘8 Years” Lilly ene a
TNT der nn 1 {death of a 4-year-old girl washes up |opens the probe into the death of a jcase involving the death of a high-

(CC) (DVS) on the shore. (cc) popular owner of a local del. school student. © (CC)

Courage the |Goosebumps AnjGoosebumps |GrimAdven- |My GymPart- |Couragethe — |Naruto
TOON Cowardly Dog A (CC) : ners Monkey Cowardly Dog
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(:00) Law & Or- |Law & Order: Special Victims Unit/Law & Order: Special Victims Unit] x x HOW TO LOSE A GUY IN 10

USA der: Criminal In- |Popular’ Sex, Sie and booze —_|Cabot crosses the line to closea | DAYS (2003) Kate Hudson,

tent © (CC) —_|spawn teen networking. child molestation case. Matthew McConaughey,
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VS 00) NHL Hockey Carolina Hurricanes at Toronto Maple Leafs, From Air |Hockey Central |World Extreme Cagefighting
" anada Centre in Toronto, (Subject to Blackout) (Live



: Ene Funniest Pets & |Funniest Pets & |Funniest Pets & Funniest Pets & |WGN News at Nine (N) © (CC)
WGN unniest Home |People Funny {People Funny People Funny {People Funny
Videos 1 (CC) |blooper videos, blooper videos, {blooper videos, {blooper videos, :
|Family Guy Bri- Beauty and the Geek The beauties Reaper Sam must capture the soul {CW11 News at Ten With Kalty
WPIX an joins the po- jand pe plot to dethrone the “King|of an a eee who sends in- }Tong, Jim Watkins (N) (CC)
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1 "Kids |Dr. Phil A (CC) Jeopardy! (CC) |Frasier Julia and |Frasier Niles
WSBK Weak N (cc) ane Frasier hide in a helps Maris with
closet. (CC) — jalarge debt,

- PREMIUM CHANNELS

(:00) Five Days Five Days (N) © (Part 2 of 5) (CC)/ % * x BLOOD DIAMOND (2006, Adventure) Leonardo DiCaprio, Jen-
HBO-E {n (Part of 5) - |nifer Connelly, Djimon Hounsou. Two men join in a quest to recover a
(CC priceless gem. () ‘R’ (CC)




% STAR WARS: EPISODE Ill - REVENGE OF THE SITH (2005, Science Fiction) Five Days 1 (Part 1 of 5) (CC)
Ewan McGregor, Natalie Portman, Hayden Christensen. Anakin Skywalker joins the dark
side and becomes Darth Vader. 1 'PG-13' (CC) :

j 6:45) % & & IN HER SHOES (2005, Comedy-Drama)
HBO-S Caen Diaz. A sexy partyer ane with #4 ser
ous-minded sister, ( 'PG-13' (CC)

Dear Talula (N) ft) % % % NOBODY'S FOOL (1994, Drama) Paul Newman, Jessica |» WAIST DEEP (2006, Action)
0 (CC) Andy, Melanie Griffith. A 60-year-old handyman revels in his irresponsibit- Tyrese Gibson, A man’s son is in-
ity. O'R’ (CC) side his hijacked car. 1 'R’ (CC)
% WHO'S THE MAN? (1993, Comedy-Drama) Ed | * x WILLIAM SHAKESPEARE’S A MIDSUMMER NIGHT'S DREAM
Lover, Dr. Dre, Badja Djola, Two rookie police officers tee Comedy) Kevin Kline, Michelle Pfeiffer. A mischievous fairy wreaks
must find their boss's killer. © 'R’ (CC avoc between two sets of lovers, 1 ‘PG-13' (CC)

HBO-W








* &% TWO FOR THE MONEY (2005, Drama),Al Pacino, Matthew Mc-
Conaughey, Rene Russo, Two men handicap football games for high-
rolling gamblers. 'R’ (CC)












LOCK, STOCK Brotherhood “Down in the Flood [Dexter ‘Waiting to Exhale” (iTV) 7 [Weeds “The Sev-|Weeds ‘The Sev-
AND TWO 3:5-6" (iTV) Cousin retums. (CC)|(CC) nt cy (iTV) nt cy (iTV)

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OCTOBER 9, 2007

Access Holly: |The Singin The Biggest Loser When the teams go on an exotic {Law & Order: Special Victims Unit
WTVU |wood (N) (ch) Missin re (N) Hepner hey discover it is work. (N) 1 (CC) Ateenager says he caught a dis-
n (cd) ; ease from his teacher. (N) (CC)

Deal or No Deal Contestants get a. |The Big Idea With Donny Deutsch]
chance to win money. (cc)
Scrubs The staff |The Daily Show |The Colbert Re- {Mind of Mencia /South Park {Dave aimee Killin’ Them Soft:
COM remembers past |With Jon Stew- {port (CC) “What Women — /‘Spontaneous ly Comic ave Chappelle performs,
events. art (CC) Want’. (CC) |Combustion” . | (CC)

Reba Barbra |My Wifeand According to : |Family Guy Bri- font Guy Pe- |Two and a Half |Two and a Half
KTLA _|Jean’snew dog |Kids Kyes Qat Jim ‘The Gril’ Jan joins the po- |ter infitates the {Men Judith’s sup-/Men Wed,
goes missing. genius level. — | (CC) lice force, high school. © |port-group. plans, 1 (CC)
, Still Standing _ |Reba Reba hires |Reba ‘Hello, My. | x * AMBER FREY: WITNESS FOR THE PROSECUTION (2005, Docu-
LIFE Household chaos | Van as her assis: |Name Is cae) Janel Moloney, Terry Kies Nathan Anderson. An ex-girlfriend of
erupts. tant. Cheyenne” (CC) |Scott Peterson helps convict him. (CC)

MLB Baseball: National League Di-

(an) Yo Amo a |Amar sin Limites Un hombre lucha |Destilando Amor 5.0.5, Sexo y Otros Secretos Un
UNIV luan Querendén| para salvar a la mujer que ama. reat de la vida modema de la mu-
jer latina,

Curb Your En- |Curb Your En- | % * SCOOP (2006, Romance-Comedy) Scarlett Jo- {COMEDY IN THE
HBO-P thusiasm Dog: thusiasm ‘The |hansson, Woody Allen. A journalism student probes a |MUSLIM
gie-bag dispute. |Freak Book’ mystery in London, ‘PG-13' (CC) ~ |WORLD .







6:25) & kk % | & & OFF THE BLACK (2006, Comedy-Drama) Nick](:45) % xx BOYNTON BEACH CLUB (2005, Ro-
Teen MER- Nolte, Trevor Morgan. Premiere, A young ballplayer be- Secret) Dyan Cannon. Ponies, Widowed

OCITOBER 9, 2007,. PAGE 7B



let Charlie the
Bahamian Puppet and by
his sidekick Derek put ay

some smiles on your

kids’s faces.



Bring your children to the
McHappy Hour at McDonald's in
Marlborough Street every Thursday

from 3:30pm to 4:30pm during the
‘month of October 9007,

Enjoy Great Food, Prizes and Lots of Fun,

v.galleriacinemas.com

or call 380-FLIX, 393-9404
1

Movie Gift Certificates

make great gifts



an ecsezvese


‘

PAGE 8B, TUESDAY, OCTOBER 9, 2007

Wall Street mostly slip after last week’s
run-up; investors await 5Q earnings

MADLEN READ ;
AP Business Writer

NEW YORK — Wall Street
finished a quiet session mostly
lower Monday as investors
cashed in some gains from last
week’s rally and readied for
quarterly corporate earnings
reports.

The Treasury bond market
was closed for the Columbus
Day holiday and there was no
major economic news to guide

‘investors, so Wall Street
remained cautious ahead of the
flood of third-quarter results.
Aluminum producer Alcoa Inc.,
one of the 30 Dow Jones indus-
trial average components, kicks
off the earnings season on Tues-
day.

Earnings are expected to
reflect the difficulty some com-
panies have faced — particu-
larly i in the financial and hous-
‘ing sectors — following
upheaval in the credit markets
amid overly leveraged debt and

‘defaults in subprime mortgages.
The reports will also give insight
‘into the fourth quarter, which
market participants predict will
bring more robust growth.

“There’s room for a rally if
third-quarter earnings come in
stronger than expected, but they
do want to see that the fourth
quarter is going to be strong as
well,” said Ryan Detrick, senior
technical strategist at Schaef-
fer’s Investment Research.

. Trucking company Ryder
System Inc. contributed to Wall
Street’s wariness Monday when

it lowered its third-quarter and
full-year forecasts on weakness
in its fleet management busi-
ness.

The Dow fell 22.28, or 0.16
percent, to 14,043.73.

Broader stock indexes were
mixed. The Standard & Poor’s
500 index fell 5.01, or 0.32 per-
cent, to 1,552.58, while the Nas-
daq composite index rose 7.05,
or 0.25 percent, to 2,787.37.

Trading volumes were low,
with many investors on the side-
lines for the holiday. Declining
issues outnumbered advancers
by nearly 2 to 1 on the New
York Stock Exchange, where
consolidated volume came to 2
billion shares, down from 2.93
billion shares Friday.

There was also light trading
because the market is waiting
for Tuesday’s release of min-
utes from the Federal Reserve’s
Sept. 18 meeting, when policy
makers lowered interest rates
by a half-point. Wall Street
hopes the minutes reveal hints

. that more rate cuts are in store,

which could further loosen the
credit markets and fuel spend-

ing.

The tech-heavy Nasdaq got a
boost from Google Inc., which
surpassed $600 for the first time
and extended a monthlong ral-
ly after upbeat projections
about third-quarter earnings.
The company’s initial public

-offering price was $85 in August

2004, and shares on Monday
rose $15.57, or 2.6 percent, to
$609.62.

’ The Nasdaq was also lifted



Mary Altatfer/AP

ee WORK on the floor of the New York Stock eae before the ofoei bell in New York
ast wee

by Business Objects SA, a
French company with U.S.-trad-
ed shares that rose $7.56, or 15
percent, to $57.83. German soft-
ware company SAP AG said
late Sunday it would pay $6.79
billion for Business Objects SA.
SAP fell $2.87, or 4.9 percent, to
$56.36. -

SAP’s bid for Business
Objects preceded a $1.1 billion
bid Monday morning from
diversified conglomerate Tex-
tron Inc. for United Industrial

Corp. Textron fell $1.37, or 2.1
percent, to $64.01, and United
Industrial rose $4.77, or 6.3 per-
cent, to $80.39.

Though the credit market is
tighter than it was earlier in the
year, companies still appear to

have an appetite for deal-mak--

ing — which often involves tak-
ing on debt.

“We find it encouraging that
there were two major buyouts
this morning. It shows that the
credit markets are firming up

and companies are coming back
into play,” Detrick said.

Last week, the Dow and the
S&P both rose to new records
as investors sensed that corpo-
rations are likely to bounce
back from last quarter, and that
the economy is unlikely to fall
into recession. The Labor
Department’s jobs report Fri-
day said payrolls increased in
September by a net 110,000, and
that the August jobs climate
was better than previously

THE TRIBUNE

reported.

Bob Doll at BlackRock Inc.
pointed out that jobs growth is
still at its lowest level i in many
years.

“With the U.S. economy con-
tinuing to grow at a relatively

‘Slow pace, the main risk to equi-

ties appears to be the earnings
backdrop,” Doll wrote in a
note. “We are at the cusp of the
third-quarter reporting season,
and expectations are for earn-
ings to be in the mid-single dig-
its, the slowest pace since 2003.”

Many analysts predict third-
quarter percentage growth to
be in the low-to-mid single dig-
its, but the S&P forecasts a
modest decline in total earnings
per share for S&P 500 compa-
nies. S&P, along with many oth-
er market watchers, anticipates
double-digit percentage growth
in the fourth quarter.

Ryder fell $3.33, or 6.8 per-
cent, to $45.92 after cutting its

- earnings forecasts.

Light, sweet crude tumbled
fell $2.20 to $79.02 per barrel
on the New York Mercantile
Exchange. Falling oil prices can
be taken both positively and
negatively by the stock market: ,
they tend to-boost consumer
spending, but they dampen
energy company profits.

Gold fell as the dollar rose
against major rival currencies.

Overseas, markets in Japan
were closed for a holiday.
Britain’s FTSE 100 fell 0.83 per-
cent, Germany’s DAX index
fell 0.35 percent, and France’s
CAC-40 declined 0.24 percent.

Florida budget-cutting agreement finalised,
special session vote now set for Friday

@ By BILL KACZOR
Associated Press Writer

TALLAHASSEE, Fla —
House and Senate budget lead-
ers Monday finalized an agree-
ment to cut about $1.1 billion in
state spending. The two legisla-
tive chambers will vote on it
Friday in what should be a mere
formality.

The two leaders resolved a
couple remaining differences
between the House and Senate
and put aside budget-cutting
long enough to increase spend-
ing for a few issues including
special elections, farm-to-fuel
grants and roof repairs for a
courthouse.

Friday’s votes will close out a
special session called in
response to a shortfall in tax
revenue due mainly to a slump
in Florida’s real estate market.

Even Democrats tempered
their criticism Monday. Except
for two senators they voted in a
bloc against bills to cut the $71
billion budget in both Republi-
can-controlled chambers last
week.

“T’m not outraged,” said Rep.

Jack Seiler, of Wilton Manors,

the ranking Democrat on the

House Policy and Budget Coun-
cil. “I’ve got to be honest with
you, I can’t sit here and scream
or cry foul. I think they’ve done
the best they can.”
Democrats were unhappy
that reserve funds were used to
avoid cuts to education, health
care and water projects, but
GOP leaders said they tried to

avoid reductions that would

affect classroom or people who
depend on state services.
Seiler, though, agreed with
exempting transportation and
economic development projects
from cuts in hopes that could
stimulate the state’s economy.
“Roads, airports, seaports
have to work and they have to
work well,” said House Policy
and Budget Chairman Ray
Sansom, R-Destin. “You can’t
hold back in a growing state to
keep the economy moving for-

-ward.”

Lawmakers, though, have
rejected some spending pro-
posals Gov. Charlie Crist sug-
gested to stimulate the economy
ene expediting highway



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FLORIDA GOVERNOR Charlie Crist calls for an expansion of the
special session dealing with the budget to include automobile
insurance personal injury protection last Monday

and school construction and
using state money to help first-
time home buyers.

Senate Fiscal Policy Chair-
woman Lisa Carlton, R-
Osprey, said lawmakers did
increase state spending on one-

. time projects when they faced a

short-term revenue shortfall in
2001.

“This is a little bit different
situation in that our revenue

estimators have told us that this

could be a long-term recurring
revenue loss — two or three

years if not longer,” Carlton
said.
Sansom and = Carlton

resolved a couple. issues that
conference committees were

’ unable to agree on last week.

In one case, Sansom accepted
a Senate proposal to use trust
fund money for a special needs

center in Brooksville.

They compromised on a
House proposal to remove a
$1.5 appropriation for printing a
driver license handbook with-
out advertising. The money
came out, but they added a pro-
vision that lets the Department
of Highway Safety and Motor

Vehicles ask the Legislative.

Budget Commission to restore
it depending on the outcome of
a lawsuit.

Some driving schools have
challenged the publication —
free to the state — by another
school that uses the handbook
to advertise itself.

The two budget leaders also
agreed to add $1 million for spe-
cial elections, mostly to fill leg-

- islative vacancies caused by.sev-

eral resignations and the recent
death of Rep. Mike Davis, R-
Naples. They also added
$50,000 for the farm-to-fuel
grants and $1 million to fix the
3rd District Court of Appeal’s
roofin Miami. —

With budget issues resolved,
lawmakers now are turning
their attention to their next spe-
cial session, which will deal with

property tax relief.

No dates have yet been set, .
but it must be completed by the
end of October to get a pro-
posed state constitutional
amendment on the Jan. 29 pres-
idential primary ballot.

A judge has removed a pre-
vious amendment the Legisla-
ture proposed, ruling its ballot
summary was misleading and
inaccurate.

That Republican-sponsored
measure would have phased out
the existing Save Our Homes
Amendment, which caps annu-
al property tax assessments for
primary homes at 3 percent, and
replaced it with a “super
exemption.”

House Speaker Marco Rubio,
R-West Miami, last week said
any new proposal likely would
leave the popular Save Our
Homes Amendment intact.
That’s fine with Democrats who
opposed the Republican
amendment.

“We were saying since June it
was a failed proposal and it was
a flawed proposal,” Seiler said. -
“Now they’ve come to realize
that.”

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Futures for energy, metals and agriculture fall sharply as dollar bounces back

@ By LAUREN VILLAGRAN
AP Business Writer

NEW YORK — Commodi-
ties prices plummeted Monday
as the U.S. dollar regained
strength against the euro, dri-
ving up the cost to foreign buy-
ers of everything from energy
to metals.

Industrial and precious metals
prices slumped, with sizable

declines in copper, silver and

old. Oil prices slid more than
$2 to close below $80 a barrel,
pulling other energy prices low-

er. Agricultural futures also.

tumbled.

Raw materials from crude oil

to wheat came sharply off the °

peak levels of recent weeks, as
the U.S. dollar recouped some
of the ground it lost to the euro
and other major world curren-
cies. Commodities, largely
bought and sold in dollars, lost
some of their attraction to over-
seas investors as the green-
back’s rebound had the effect
of a price markup and dented
demand.

Gold prices, which often move
opposite the dollar, retreated as
investor confidence in the U.S.
currency improved. December
gold fell $8.50 to settle at $738.70

an ounce on the Nymex, while
December silver shed 13 cents
to $13.36 an ounce.

Industrial metals pulled back
in New York and overseas. On
the London Metal Exchange,
nickel and zinc prices fell more
than 2 percent, while tin and
copper prices shed nearly 3 per-
cent. Nymex copper slid 11.25,
cents to settle at $3.613 a pound
on the Nymex.

Crude oil for November
delivery dropped $2.20 to settle
at $79.02 a barrel on the New
York Mercantile Exchange —
its lowest in almost a month —
while gasoline futures shed 4.91

cents to $2.0002 a gallon.
Nymex heating oil fell 6.39 cents
to.settle at $2.1596 a gallon.

Energy futures sagged all day,
but selling gained momentum
after Royal Dutch Shell PLC
said it would raise production
at a Nigerian oil terminal that
had been shut for more than a
year due to violence in the
region. Nigeria is a top supplier
of oil to the U.S.

Trading volumes were low as
many traders were off for
Columbus Day and a holiday
in Japan.

The dollar’s climb on Mon-
day was rooted in a shifting out-

look for the U.S. economy and
interest rates. A strong jobs
report on Friday calmed
investor concerns that the finan-
cial and credit market turmoil
of recent months would spread
to other areas of the economy.
Since then, market expectations
for further interest rate cuts
have been reduced considerably.

Federal funds rate futures, a
gauge of market expectations
for interest rates, now point to a
52 percent chance the Federal
Reserve will leave rates
unchanged when it meets in Oct.
30-31. Futures also point to a
decreasing likelihood the Fed

will trim rates in December.

The 13-nation euro bought
$1.4048 late Monday, compared
with a peak of $1.4284 on Oct.
di

In the agriculture market,
wheat prices plunged the daily
limit permitted by the Chicago
Board of Trade and held at that
low through most of the session
while other agriculture futures
also declined. December wheat
lost the 30-cent maximum to
end at $8.60 a bushel, while
December corn fell 2.5 cents to
$3.3975 a bushel. November
soybeans shed 15 cents to settle
at $9.255 a bushel.