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Volume: 107 No.193 MONDAY, JULY 18, 2011 PRICE – 75¢ (Abaco and Grand Bahama $1.25) JOHN MARQUIS IS BACK! ...and as controversial as ever

COMING WEDNESDAY

RESIDENTS ‘IRATE’ AT PLAN TO GIVE SQUATTERS FIRST PREFERENCE ON ‘Senseless killing’ MACKEY YARD SUBDIVISION NEIGHBOURING prop- erty owners are irate at the government’s announce- ment to give squatters first preference to land in a new subdivision that will be developed at Mackey Yard, according to Dr Kendal Major, PLP candidate for the Garden Hills Con- shocks community SEE page 12 20-year-old HUGE AUDIENCE WATCHES MISS TEEN USA CROWNED IN THE BAHAMAS is shot dead in apartment

By AVA TURNQUEST firmed they heard two gun- Tribune Staff Reporter shots, however police did not [email protected] releasing any further details. One resident said: "This is a THE FATAL shooting of pretty average area. My chil- 20-year-old aspiring photog- dren are in shock, I'm in rapher shocked loved ones shock - they heard it just like and residents who lamented me. This country is gone, I the senseless nature of the don't know how to protect my homicide yesterday. children from seeing these According to police, Shava- things. do Simmons was gunned "I guess what won't kill down by a robber at an apart- them will only make them ment complex off Charles W stronger. Anyone can just get Saunders highway shortly a gun, and go out and shoot before 3pm. people up. Preliminary reports indicate “Everything is fear. What a man armed with a handgun do we have to do next, go in THE WINNER: Miss Texas Danielle Doty was entered the unit and robbed your house and barricade it crowned Miss Teen USA on Saturday night Mr Simmons and another all up? There's so much fear, as Atlantis hosted the pageant finale for the man, who relatives claim is a how can you protect your fourth consecutive year. Miss Universe organ- close friend. It is unclear at children from witnessing isers said the web stream of the event attract- this time whether anything this?" ed approximately 150,000 viewers this year, was taken from the apart- At yesterday’s scene, Sgt well up from last year’s 45,000 last year. ment. Chrislyn Skippings, police • SEE PAGE TWO Photos: (above) Tim Clarke/Tribune staff, (inset) Tim Aylen Armed with a handgun, the press liaison officer, advised robber shot Mr Simmons' Bahamians to step up their TROPICAL STORM WARNING about the body, but left his level of awareness. FEARS EDUCATION TOURIST SERIOUSLY friend unharmed. SEE page 11 W. PALM BEACH Residents of the area con- LOAN AUTHORITY INJURED IN ANOTHER AUDIT ‘WILL NEVER FREEPORT JET-SKI ACCIDENT YET another accident BE COMPLETED’ involving a jet-ski has led to By NOELLE NICOLLS a tourist being seriously Tribune Staff Reporter MIAMI [email protected] injured. The man, from Louisiana, NASSAU was admitted to hospital on ACCOUNTING profes- Saturday following the acci- sionals are questioning dent in waters west of Cab- whether the Auditor Gen- bage Beach. eral’s department is being The incident occurred pressured to “ease off” the shortly after noon and involved a woman relative Education Loan Authority image of Tropical Storm Bret. for political reasons. A SATELLITE of the injured tourist. They fear the audit – According to police, the which has so far docu- GRAND Bahama and northwestern Bahamas. woman was operating anoth- mented a number of ques- Abaco were last night placed Tropical Depression 2 er jet ski and collided with tionable practices – will under a tropical storm warn- formed in the Atlantic near the victim. “never be completed.” ing as Tropical Storm Bret the northern Bahamas, and The 42-year-old was taken was expected to dump up to SEE page 12 two inches of rain on the SEE page 12 SEE page 12

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PAGE 2, MONDAY, JULY 18, 2011 THE TRIBUNE LOCAL NEWS

SCENES FROM Saturday’s pageant, won by Miss Texas Danielle Doty. Tim Clarke/Tribune staff

MISSATLANTIS ATTRACTS TEEN RECORD US NUMBERA FINALE OF VIEWERS

MISS Texas Danielle Doty by their stay here,” said LaForce, who won the took the crown of Miss Teen Atlantis representatives. pageant in 2005, co-hosted the USA on Saturday night as “The exposure for Atlantis show with Las Vegas radio Atlantis hosted the pageant and for the country is immea- and television host Chet finale for the fourth consecu- surable. The residual impact Buchanan. As part of the tive year. continues long after the guests night’s entertainment, Miss The event held at the Par- and the contestants complete Kentucky USA Kia Hampton adise Island resort was report- their week long stay. No sang a “Better Be Ready”, edly attended by a record sell- doubt Atlantis and the song which was written by out crowd of 1,400 including Bahamas is a winner in the R&B star Ne-Yo. Sir Sol Kerzner, US Ambas- Miss Teen USA As this year's win- sador Nicole Avant, as well pageant.” ner, Ms Doty as the reigning Miss Universe Eighteen-year-old will be given and the reigning Miss USA. Danielle Doty the oppor- According to Miss Universe from Harlingen, tunity to organisers, the web stream of Texas, beat out live in the finale attracted approxi- contestants New mately 150,000 viewers this from the 49 York year compared to just 45,000 other states City as a last year. to take the student of “Miss Teen USA has title from The New become a staple on the cal- reigning York endar of Atlantis and the Miss Teen Film Bahamas. USA Kamie Academy. “Each year the pageant Crawford of exceeds in the quality of its Maryland. presentation. Allie “Atlantis and the Bahamas have become the ideal stage for the giant step taken by these young women whose future will always be impacted

WINNER: MissTexas Danielle Doty.

Photo/Tim Aylen

THE TRIBUNE MONDAY, JULY 18, 2011, PAGE 3 LOCAL NEWS TWO WANTED IN CONNECTION WITH Call for the Education Loan SHOOTING INCIDENT POLICE are requesting the public’s help in locat- ing two men wanted in connection with a shoot- Authority board to be scrapped ing incident at Key West Street. According to police By NOELLE NICOLLS to the board, and if the $5,000 in “board remuner- reports, the incident Tribune Staff Reporter “The organisation should be board does not give them ation” Ms Jackson occurred sometime around [email protected] satisfaction, then the min- receives in addition to her 12.30am yesterday at structured properly. There ister. That is where the more than $50,000 annual Cordeaux Avenue and OFFICIALS have called problem is. The structure salary, as well as a $10,000 Key West Street. for the Education Loan should be a finance officer in is not there,” said a per diem that records indi- The victim was shot in Authority board to be source. cate was dispersed on a the thigh and was taken to place that should sign off on hospital by emergency scrapped, claiming the In the ongoing audit of least two occasions. medical personnel where entire organisation needs any transaction that the chief the ELA by the Auditor In responding to the Tri- he remains in stable con- to be “restructured and General’s Department, bune’s inquiries, Ms Jack- dition. cleaned up.” administrative officer wants Tribune sources claim son said: “Mr Mortimer is Police are investigating Two thirds of the debt investigators note the the one responsible for my and are appealing to mem- managed by the ELA is in to send out.” absence of a financial offi- actions so I guess he will bers of the public who may default, and Tribune cer (FO). have to be the one speak have any information sources claim no one is The Minister of Educa- to that. regarding this incident to keeping a proper account Government deals with have the authority, even tion is empowered by the “I am not prepared to contact police. of the debt. the problems, the source though the CAO is a sig- ELA Act to appoint or speak to that. I do not The ELA Act authorises claimed the loan scheme natory, but it should not employ a CAO and an know where you are get- the Governor-General “by will continue to be a be her and her personal FO. Sources claim repeat- ting your information. I instrument in writing” to source of waste in the pub- secretary signing off. ed requests for an appoint- know I operate above SHORT POWER revoke the appointment of lic sector. ment have been denied. board. any member of the ELA “The organisation In the meantime, Debo- “I have been through a OUTAGE IN EASTERN if he “thinks it expedient should be structured prop- Problem rah Jackson, CAO, cur- commission of inquiry, so I erly. There should be a so to do.” “It should be a financial rently receives a $10,000 know that anything I do is NEW PROVIDENCE finance officer in place A Tribune source claims officer that can review and honorarium to perform totally above board.” DESPITE assurances that should sign off on any that the proper structure justify where this is going, the duties of FO. by the Bahamas Electrical is not in place at the ELA, transaction that the chief She is not a certified Corporation (BEC) that because if they are uncom- administrative officer Witness there would be no more and the board relation- fortable then they should public accountant (CPA), (CAO) wants to send out. although it is alleged that blackouts for New Provi- ships are “too personal; have to be able to take it Ms Jackson is listed as a “The CAO should not from the 1980s she has dence residents, the east- too friendly.” Unless the witness who gave evidence taken the CPA exam sev- ern part of the island yes- in the BaTelCo Commis- eral times. She does have a terday afternoon experi- sion of Inquiry that inves- masters in business admin- enced a short power out- tigated alleged corruption istration from the Univer- age. in the public corporation. sity of Texas, sources Residents of Sea Breeze She was a senior manager TIGER WOODS’ EX-WIFE REPORTEDLY claim. contacted The Tribune in the finance department yesterday afternoon com- According to former at the time. plaining of yet another CAO Howard Bastian: “It The ELA board consists power cut. The power was ‘FINDS LOVE’ WITH BAHAMAS RESIDENT was very important to FORMER Swedish model Elin Norde- of: Lowell Mortimer, off in the area for about have those two positions gren, who was thrust into the media spot- Chairman; Hubert Chip- an hour. filled from a segregation light during her marriage and then explosive man, Deputy Chairman; Calls to BEC represen- of duties and conflict of divorce from professional golfer Tiger Dr. Ronald Knowles; tatives for more informa- interest point of view. Woods, has reportedly found love again with Yvonne Isaacs; Phaedra tion were not returned up an American businessman who is a resident “For the CAO to do the Knowles, The National until press time last night. of the Bahamas. same work as the FO is a Insurance Board; Simon Speaking with The Tri- However, the 31-year-old’s new found hap- conflict,” he claimed. bune Wilson, Ministry of last week, BEC piness may be marred a little when she finds Questions have also chairman Michael Moss Finance; David Pinder and out that her beau Jamie Dingman has been been raised about the said the corporation has linked to one of her ex-husbands’ mistresses, Anne Colebrooke. been "progressively Rachel Uchitel, in the past. improving" service amid Mr Dingman is said to be a successful busi- public frustration over fre- nessman and investor, and is the son of bil- quent power disruptions, lionaire Michael Dingman, president of Ship- with no "extreme" outages ston Group Ltd, a diversified international since Thursday of last Elin Nordegren divorced Tiger Woods holding company based in Nassau, Bahamas, (pictured) in August 2010. (AP) week. since 1994. Jamie Dingman reportedly splits his time between China and the Bahamas. Nordegren divorced the golf legend in old Charlie. August 2010, just months after it emerged The former model, who reportedly walked TWO MEN WANTED that he had been involved in a number of away with $100 million as part of her divorce extra-marital affairs, including with Uchitel settlement, is said to have been dating Jamie FOR QUESTIONING IN who was often described as Woods’ “number Dingman for several months. one mistress.” According to entertainment media reports, CONNECTION WITH Nordegren and Woods have two children the two met at the Red Cross Ball in Florida ARMED ROBBERY together, three-year-old Sam and two-year- in January. POLICE are asking the public’s help in locating two men wanted for ques- tioning in connection with an armed robbery at the Texaco Service Station on Joe Farrington Road. The incident occurred sometime around 6.14pm on Saturday. According to police reports, two men – both of whom were allegedly armed with handguns – entered the establishment demanding cash. The culprits robbed the gas station and an employ- ee of an undetermined amount of money and fled the area north into the Pineyard Road area. Police are investigating and are appealing to members of the public who may have any infor- mation regarding this or any other matter to con- tact them at 911, 919, the Central Detective Unit at 502-9991/502-9910 or Crime Stoppers at 328- TIPS. THE TRIBUNE MONDAY, JULY 18, 2011, PAGE 5 LOCAL NEWS PARTY SAYS ‘MORE QUESTIONS THAN ANSWERS’ FROM SYMONETTE COMMENTS DNA ‘GRAVELY CONCERNED’ ABOUT ATTEMPT TO

REGULARISETHE Democratic National NON-BAHAMAINShas been doing for many CLOSEDeputy TO Prime ELECTION Minister has Party said it is “gravely con- years,” said the party state- failed to answer this specific cerned” that the governmen- ment. question,” stated the DNA. t’s attempts to regularise Mr Symonette recently dis- The party has called on the scores of non-Bahamians closed that a special project Government to say why no close to a national election “is team of 12 workers was hired data from June 30, 2010, to nothing more than a political to process 762 citizenship present, was provided by the ploy aimed at securing votes.” applications and about 600 department. They called the In a statement released by permanent residency applica- non-disclosure “very curious the party, it said recent com- tions of all nationalities that especially in a supposedly ments made by Minister of have been “sitting in the filing developing country,” given Immigration Brent Symonette cabinets for long periods of the technology age. The party “leave Bahamians with more time because some form of also questioned the “rele- questions than answers.” document was not there.” vance of and implication in” “At this point in time, to The employees were hired the Deputy Prime Minister’s believe that there is no polit- under the government’s attempt to place the present ical motivation behind regu- recently announced job-cre- government’s record up larising more than 1,500 immi- ation programme. against the record of the Pro- grants at one time – solely “The DNA, once again, gressive Liberal Party during based on the fact that their challenges the government to its term in office. files ‘have been languishing put Bahamians first in their in filing cabinets for years,’– is thought process, and – in the POLICE NEWS an insult to the intelligence of absence of the Freedom of the average thinking Bahami- Information Act that is an. promised to enact before the SUSPECT ESCAPES AFTER “Answers like these con- end of its term in office – give GROUP ACCOSTS POLICE tinue to give the impression an account to the Bahamian POLICE officers were thwart- that the Government feels as people of how many non- ed in their attempt to arrest a if it can get any old thing past Bahamians have been regu- suspect on Grand Bahama when the Bahamian people, as it larised in the past year. The they were accosted by a group of men. Officers of the Mobile Divi- sion in Grand Bahama were act- ing on a tip when they proceed- 7KH 0RGHO 3UD\HU ed to Bruce Avenue shortly before 3pm on Saturday. There, they observed a man /XNH acting suspiciously, press liaison officer Sergeant Chrislyn Skip- 1RZ LWFDPHWRSDVVDV+HZDVSUD\ pings reported. The officers approached the LQJLQDFHUWDLQSODFHZKHQ+HFHDVHG man, conducted a search of his person and discovered a quanti- WKDW RQHRI +LV GLVFLSOHVVDLGWR +LP ty of suspected marijuana, along with a handgun and ammunition. ³/RUG WHDFK XV WR SUD\DV -RKQ DOVR As the officers attempted to WDXJKW KLV GLVFLSOHV´ 6R +H VDLG WR arrest the suspect, a group of men interfered. They ultimately WKHP³:KHQ\RXSUD\VD\2XU)DWKHU prevented the arrest which resulted in the suspect evading LQ KHDYHQ +DOORZHG EH

PAGE 6, MONDAY, JULY 18, 2011 THE TRIBUNE LOCAL NEWS ANTIQUE AUTO SHOW PROCEEDS DONATED TO RANFURLY HOME FOR CHILDREN THE 36 young residents of the Ranfurly Home for Children on Mackey Street are benefitting from the Antique Auto Club’s annual show and steak- out. Each year, the club donates the full proceeds of its annual show to a charity or organisation involving needy children and this year the Ranfurly Home was chosen. This was the club’s 24th Annual Antique Auto Show and was once again held at Arawak Cay. It featured about 60 vin- tage and special interest vehicles and a dozen motorcycles brought by the Friends of Distinction Riders Club. Brendan Foulkes, 2011 (L-R) DWAIN WALLACE, club member with his two sons; Murray Forde, club secretary; Richard Blake, club president; Alexander Roberts, administrator of the Ranfurly show chairman, estimated Home, and Brendan Foulkes, vice-president and show chairman. Photo/ that close to 3,000 people Elaine Forde visited Arawak Cay on the community for its gener- the Kiwanis Club of Cable day of the show and pub- ous contributions. Beach is scheduled for Sat- BAHAMAS REPRESENTED AT CARIBBEAN MARINE ASSOCIATION MEETING licly thanked all those who He expressed special urday, August 27, from attended and the business thanks to the Arawak Cay noon to 6pm, also at Vendors Association, as Arawak Cay. well as the significant num- The Antique Auto Club ber of tourists who visited, of the Bahamas was some of whom made dona- formed in 1987 by a group tions to the cause. of six men interested in the For those who may have hobby and preservation of missed the event, the next vintage vehicles, and now Antique Auto Show and boasts a membership of 63 Steak-Out organised by men and women. NOTICE Prime Commercial Property for Sale

Tenders are invited for the purchase of the Equity of Redemption in all that ORW DQG EXLOGLQJ KRXVLQJ ¶&RQFKIULWWHUV 5HVWDXUDQW· RQ WKH JURXQG ÁRRU DQG D QLJKWFOXE RQ WKH XSSHU ÁRRU VLWXDWH 6RXWK RI 0DUOERURXJK 6WUHHW LQ FROM LEFT: Keats Compton (Martinique), Don Stollmeyer (Trinidad & Tobago), Kass Johnson-Halli- ady (St Maarten), Ghislaine Agostini (CDE Consultant), John West (St Vincent and the Grenadines), the City of Nassau being part of a lot of land originally granted to Nancy Anita Sutton (Grenada), Simon Carey (St Vincent and the Grenadines), Sam Welch (British Virgin Green and distinguished in a plan of the City of Nassau by the number Islands), Bob Hathaway (St Lucia), Sharon McIntosh (CDE Consultant), John Duffy (Antigua & Barbu- (LJKW\ÀYH  DV PRUH SDUWLFXODUO\ GHVFULEHG RQ D SODQ DWWDFKHG WR DQ ,Q- da), Shamine Johnson (Bahamas), Erik Blommestein (CDE Consultant). GHQWXUH GDWHG WKH ·K GD\ RI 2FWREHU  EHWZHHQ 6X]DQQH -DQHW %ODFN THE Bahamas was voice of the national marine member countries and their of the one part and the Lamont Holdings Limited of the other part and re- among several countries trade associations through- governments FRUGHG LQ WKH 5HJLVWU\ RI 5HFRUGV LQ 9ROXPH  DW SDJHV  WR  DQG represented at a recent out the Caribbean. Immediate past president meeting of the Caribbean At present, there are Keats Compton advised LV GHOLQHDWHG RQ WKDW SDUW ZKLFK LV FRORUHG SLQN Marine Association (CMA) eight national member asso- those present that the CMA which was aimed at rein- ciations in the CMA. The welcomed the support of 7KH DERYH SURSHUW\ LV VROG SXUVXDQW WR WKH SRZHU RI VDOH FRQWDLQHG LQ D vorgating that organisation. main objective of the CMA the CDE to reinvigorate the The CMA held its second is to promote and protect organisation, which was first PRUWJDJH GDWHG WKH  ¶K RI -DQXDU\  DV DPHQGHG DQG FRQÀUPHG RQ annual general meeting at the interests of the recre- launched in 2005. WKH ·K GD\ RI 0D\ $'  ZKLFK VDLG GRFXPHQW LV UHFRUGHG LQ WKH VDLG Marigot ational marine industry Despite active progress 5HJLVWU\ RI 5HFRUGV LQ 9ROXPH  DW SDJHV  WR  Bay, Saint Lucia on June throughout the Caribbean made by the CMA in the 23 as part of the wider pro- region. first two years following its ject “Capacity Building of inception, due to financial $OO RIIHUV VKRXOG EH IRUZDUGHG LQ ZULWLQJ LQ D VHDOHG HQYHORSH DGGUHVVHG the Caribbean Marine Industry and human constraints the WR ´7KH 0RUWJDJHHµ 32 %R[ 1, 1DVVDX 7KH-DKDPDV Association for Policy Dia- organisation became dor- logue and Promotion of the mant in 2009. Priorities include: increas- Sector Towards the Goals At this meeting, several ing awareness of the indus- of Many Islands, One Sea”. areas of priority for the $OO RIIHUV PXVW EH UHFHLYHG E\ WKH FORVH RI EXVLQHVV  30 µ -XO\ try, harmonization of legal The meeting was held CMA in the immediate to and regulatory frameworks,  with the financial support long-term were identified: protecting the marine envi- of the Centre for Develop- establishment of a dedicated ronment, enhancing visitor ment Enterprise (CDE). and sustainable CMA Sec- 7KH PRUWJDJHH UHVHUYHV WKH ULJKW WR UHMHFW DQ\ DQG DOO RIIHUV safety and fostering harmo- The CMA is the regional retariat; increased member- nious cooperation between association representing the ship base of the CMA including national marine associations, marine busi- nesses and individuals with- in the marine industry; mar- keting and promotion of the industry through the CMA website and through nation- al and regional branding and events; training for the industry, and utilisation of surveys and statistics for lobbying and advocacy to governments and key regional organisations on. The new Board of Direc- tors, representing each member of the CMA, was appointed to serve for a period of three years, to serve until 2014: John Duffy of the Antigua and Barbuda Marine Association was elected president and Bob Hathaway of the Marine Industries Association of Saint Lucia was chosen to be vice-president; For the initial six months under the new Board direc- torate, the CMA Secretariat will be hosted by the Antigua and Barbuda Marine Association. THE TRIBUNE MONDAY, JULY 18, 2011, PAGE 7 LOCAL NEWS Bahamas to host major international

workshop CORAL reef experts managing the “Australia is home to the world’s world’s three largest barrier reefs will largest barrier reef, while the second meet at a workshop in the Bahamas and third largest barrier reefs are next week to share knowledge and located in Belize and the Bahamas experiences and to get better equipped respectively. It is only natural, there- to deal with the challenge of climate fore, that our existing development change. partnership with the Caribbean Com- “Adapting to Climate Change: a munity should encompass knowledge- workshop for coral reef managers” is sharing on issues related to reef man- sponsored by the Australian Govern- agement,” said Philip Kentwell, High ment and convened by the Australian Commissioner of Australia. Great Barrier Reef Marine Park Representatives from eleven CARI- Authority (GBRMPA). COM member states, the Dominican The five-day workshop will com- Republic and the CARICOM Secre- prise two parts: days one and two will tariat are expected to attend the work- provide an update on climate change shop. science, key risks for coral reefs and THE six lead facilitators of the important developments in coral reef upcoming workshop include: Peter director of the Climate Change adjunct scientist with the Australian serves as the Climate Coordinator management, while days three to five McGinnity, who has been working for Group in the Great Barrier Reef Centre of Excellence for Risk Analy- for the Coral Reef Conservation Pro- will explore in more detail the risks the Great Barrier Reef Marine Park Marine sis at the University of Melbourne; gramme, where she works with fed- and management response options Authority Park Authority; Roger Beeden, the James Byrne, the Marine Science eral, state, local and international associated with some of the major (GBRMPA) for over 20 years, and manager for Ecosystem Resilience in Programme manager for South Flori- partners to coordinate planning, poli- threats from climate change, such as currently holds the position of gener- the Climate Change Section of the da and the cies and activities to address the coral bleaching, coral disease and al manager of Environment and Sus- Great Barrier Reef Marine Park Caribbean, based in the Florida impacts of climate change on coral ocean acidification. tainability; Dr Paul Marshall, the Authority; Dr Jeff Maynard, an Keys Office, and Britt Parker, who reef ecosystems.

THIRD AND FINAL PHASE FOR 2011-2015 PERIOD

RBDFTHE Royal TEAMS Bahamas Defence COMPLETE Force’s lead- STRATEGICThe strategy involved PLANNING a three-pronged ership, management and supervisory teams approach that took the form of an initial, mid- have completed the third and final phase of stage and final planning phase, which conclud- their strategic planning for the period 2011- ed with a review of strategies, policies and 2015. plans to be implemented in the service. The teams met in the Training Centre at A strategic theme of “A Call to Higher Ser- the Coral Harbour Base to deliberate, develop vice” was adopted to focus all planning efforts. and finalise the Defence Force’s vision and A new strategic vision and mission were mission statements, core values, creeds, goals formulated to realign the efforts of the mem- and objectives as well as to address specific bers of the Defence Force. challenges confronting the organisation over Additionally, a new value system was also the next four years. developed to enhance a culture of excellence The aim of the strategic planning conclave within the service; this included the formulation was to create a forum for collaboration and of the organisation’s core values and creeds, participation among senior and junior officers which define and promote the element and as well as warrant officers in order to map the essence of a modern military mind-set. way forward for the organisation. The con- Commander of Defence Force, Commodore clave allowed for constructive evaluation of Roderick Bowe, charged and encouraged the departmental plans that were presented by management team to become more vision- department heads. Strategic goals and objec- focused by embracing the call to render service tives were also defined and articulated to guide above self, and to maintain a standard that is and bring synergy to efforts of various depart- reflective of the organisation’s corporate image. ments, units and sections within the Defence Commodore Bowe also reminded the officers Force. present at the conclave of Command’s philos- Department heads produced three to five- ophy of participatory management, which pro- year plans with an aim to complement and exe- motes and provides opportunities for all mem- cute strategic objectives as outlined by the bers of the Defence Force to be involved in organisation’s executive team. the decision making processes. He concluded Measures were also taken to ensure that his challenge by stating that it is “the intent of DEFENCE FORCE OFFICERS listening to presentations made at the third and final phase of their strategic plans were aligned with the Bahamas govern- Command to foster a positive workforce that planning conclave last Friday. ment’s mandate and the Commander of thrives on the principles of accountability, pro- RBDF Photo Courtesy of Public Relations Department Defence Force’s intent for the Defence Force. fessionalism and transparency.”

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PAGE 8, MONDAY, JULY 18, 2011 THE TRIBUNE Caribbean should establish expert group on migration

By SIR RONALD SANDERS

(The writer is a Consultant and former Caribbean diplomat)

THE 15-nation Caribbean Community and Common WORLD VIEW Market (CARICOM) should establish an expert group to on water and electricity that migrants to other countries, study and report on migration the State is expected to pro- while practising a closed door and how to manage it. vide but for which they did policy for themselves. This is Migration is now one of not plan. one important reason why the the major issues confronting This strain on public ser- region has to develop a well the world. It is an issue that vices in small countries is thought out policy for man- will become more controver- exacerbated when migrants aged migration. sial as new economic strains are there illegally. It is under- While the region would are felt globally. standable, therefore, why like to continue to export its In regional groupings such countries, such as Barbados, unskilled people to the US, as the 27-nation European take a strong position on Canada, Britain and else- SIR RONALD SANDERS Union and the 15-nation sending illegal migrants back where, and keep their skilled Caribbean Community and to their homelands. Small people at home, they cannot countries simply cannot cope legislate that wish. Migration This means that the coun- Common Market (CARI- tries, whose productive popu- COM), the problems of with an unplanned influx of of skilled and unskilled peo- migrants. ple from the Caribbean to lations are contracting, will migration are even more com- have to encourage migration plicated because the treaties But, misinformation and developed nations will not misconceptions contribute stop once economic factors into their countries, or face governing these groupings economic contraction includ- expressly allow freedom of greatly to the more vocal encourage them to move. views about migration. In the World Bank research ing a fall in government rev- movement of people. enues and declining capacity While in the case of the United Kingdom, for exam- shows that the highest rates ple, polls indicate that the of ‘brain drain’ are from small to deliver goods and services European Union (EU) peo- to their people especially ple are free to cross borders widely held belief is that 24 states. For instance, the per cent of the population is World Health Organisation social services for the elderly. to live and work under recip- This situation demands rocal arrangements, in CARI- foreign-born. has confirmed that while the In actuality, the figure is largest number of foreign- that new migration should be COM freedom of movement a planned and managed is restricted to certain cate- only 9.6 per cent. born doctors working in the A study of eight migrant industrialised nations of the process that would be better gories of workers and only achieved through a co-opera- with the specific approval of receiving countries (US, Organisation for Economic Canada, UK, France, Ger- Co-operation and Develop- tion arrangement by CARI- receiving governments. COM in which member coun- Different levels of devel- many, the Netherlands and ment (OECD) are from Spain) found in all of them India, among the ten coun- tries seek skilled and unskilled opment explain why freedom workers from each other on a of movement occurs relative- that respondents on average tries with the highest expatri- exaggerated the size of the ation rates are six Caribbean reciprocal basis that should ly easily in the EU and not in include the transfer of the CARICOM. The short expla- migrant population. small states: Antigua and Bar- buda (89%), Grenada (73%), payments by migrants to nation is that the recipient social security and medical countries of the EU are well Guyana (72%), Dominica Crimes (60%), Trinidad and Tobago benefits schemes from one enough developed to absorb country to another. migrants whereas CARICOM (55%) and St Vincent and the Similar exaggerations in Grenadines (53%). countries are not. the actual number of migrants When migrants enter and To reverse this trend, Report in CARICOM countries are CARICOM countries have to remain in CARICOM coun- more than likely to be found tries, even though they con- widen the opportunities for To tackle this problem, if definitive studies are con- their skilled people to work tribute to the economy by ducted. As an example, in CARICOM government paying taxes and buying and earn. They would better should consider establishing many Caribbean countries the do so in arrangements which goods and services (and often view, that foreigners are a Group of Experts drawn doing jobs that locals do not offer the entire region as a from relevant departments of largely responsible for crimes, market, in which Caribbean want) they also place an addi- is shattered by statistics government, the Universities, tional burden on health and professionals can travel freely the private sector and the revealing that the over- to practice their trade and education services and even whelming majority of persons trade union movement to deliver services. study the issue carefully and in prison are local. A further problem for The migration issue has produce a report and recom- CARICOM countries, which mendations that could be dis- already made for uncomfort- makes the matter of migra- able relations between some cussed with the Caribbean tion ripe for expert analysis people in town-hall meetings of the member states of and informed policy-making, CARICOM. As vexed an throughout the region, in is that, for many of them, their media discussions, and in par- issue as it is, it could get worse productive populations unless there is regional agree- liaments before implementa- between the ages of 15 and tion. ment to manage it, and to do 64 are becoming smaller. so in an open and transpar- A good basis for the work The United Nations pro- of such an Expert Group ent manner which upholds the jects that this group of the rights and protections to would be the Report of a populations of Barbados and Commission for Migration which migrants are entitled. Trinidad and Tobago will CARICOM countries also and Development set up by decrease over the period 2010 the Ramphal Centre in the have to exert particular care to 2020 by 0.08 and 0.3 respec- in dealing with the matter of United Kingdom. The Com- tively. mission is being Chaired by migration. In the same period, the On a per capita basis, the former Jamaica Prime Minis- same age-group in Jamaica ter, P J Patterson, and the Caribbean is one of the areas and Grenada will increase from which the largest num- report will be published later marginally; and in Guyana this year. ber of migrants flows to other and St Lucia, the 15 to 64 year countries. Caribbean coun- olds will grow by just over Response and previous tries cannot encourage an 1%. Only in Belize will this commentaries at: open-door policy for their group grow by 2.57%. www.sirronaldsanders.com THE TRIBUNE MONDAY, JULY 18, 2011, PAGE 9 LOCAL NEWS ROYAL BAHAMAS POLICE FORCE NATIONAL CRIME PREVENTION OFFICE ANTI-DOMESTIC VIOLENCE SAFETY TIPS MAKE A WISH By CONSTABLE 3011 MAKELLE PINDER DOMESTIC VIOLENCE is violence that is against the law that can be per- petuated against a current spouse, members of the family and friends living RECOGNISES together or separated. It includes physical abuse, verbal abuse, financial abuse, spiritual abuse, emotional abuse, psychological abuse, sexual abuse, child abuse and elder abuse. DOES YOUR PARTNER: PAPER SELLER’S Hit, kick or slap you or the children? Display extremely jealous or possessive behavior towards you? Exhibit disrespect of your opinion and makes all of the decisions? HARD WORK Break things in anger and threatens you with weapons? A YOUNG woman who togeth- Have a violent history and brags about mistreating others? er with her mother has been sell- Blame you and others for their own failure or belittles you verbally? ing newspapers to residents of the Pressure you for sex and believes that you are just a sex object? Highland Park and Grove Com- Behaviours worsen when using prohibited drugs or alcohol and make you feel munity since 1999 has been recog- extremely fearful? nised by the Make A Wish Always ask for second chances and say that they will change and won't abuse you Bahamas organisation and the again? Killarney Constituency Associa- Makes your family and friends worry about your safety? tion for her hard work throughout the years. SAFETY PLAN Shonelle Brown, who is now a Think of a safe place to go if an argument occurs – avoid rooms with no exits (bath- student at the College of the room), or rooms with weapons (kitchen). Bahamas, was presented with a Establish a "code word or sign" so that family friend teacher or co workers can know new laptop computer by Killar- when to call for help. ney MP and Health Minister Dr Be aware of domestic violence shelters in your area Hubert Minister last Friday after Keep monetary funds with you at all times her story was told to the crowd at Memorise all important phone numbers and make a list of safe people to contact. the Killarney Meeting/Job Fair. Barbara Henderson, a regular HERE'S HOW THE PROCESS WORKS: customer of Shonelle’s, initially THE POLICE PLAY AN IMPORTANT ROLE IN STOPPING THE told Make a Wish Bahamas about CYCLE OF VIOLENCE. The police will conduct risk assessment, which includes interviews from all the young woman’s efforts. parties. “Some years ago I observed the There will be a proper investigation into suspected domestic violence. consistency of a lady, Ms Ena Officers will automatically consider victim's safety, privacy and protection. Brown and her daughter Shon- Matters involving children will be prioritised and forwarded to the Depart- elle, who sold newspapers on a ment of Social Services for investigation. corner near my home. The cor- Physical injuries will be referred to health-care professionals for proper ner of JFK and Dolphin Drive. documentation of evidence. Ms Brown was there, every day The police will enter and search premises without a warrant if they suspect rain or shine. In fact she worked domestic violence has occurred and the victim's life is in further danger or if six days a week. I noticed her A TEARY-EYED SHONELLE BROWN accepts a new laptop from Minister of Health Dr weapons are involved. Hubert Minnis and the Killarney Constituency Association at Killarney's Town Meet- The police will take the offender into custody if they believe the victim or the demeanor. Always pleasant. victim's property is in further danger. Always upbeat. Why? Certainly ing/Job Fair after her motivating and moving story was told to the crowd. Photo courtesy of makeawishbahamas.com The police will ask the Magistrate to make a temporary protection order by having to sell papers for a living telephone, fax, radio or a similar device. couldn’t be the easiest or the most The police will investigate breaches of domestic violence order when a lucrative job, but she persevered. “The real eye opener for me son said. respondent continues to commit domestic violence after the order has been She told me once that she got came when on a few mornings I She explained that she has made. tired of the difficulty she was fac- left my house at 5.30am to go learned that Ms Brown and Shon- If you prefer not to get the police involved with the situation, remember to: ing in the job market and decided walking and I saw Ms Brown and elle live off of East Street, a long File a police report, even if you do not want your abuser arrested. It docu- to become self-employed. It’s hard ments the abuse which may become evidence for future court hearings (such her daughter making their way by way from Highland Park. as a custody hearing, assault, battery or stalking case) work but it’s her own business foot, with a heavy load of news- Ms Henderson said Ms Brown Save all evidence from the assault such as medical reports, weapons, damaged that she can depend on,” Ms Hen- papers in a huge plastic bag to and her daughter wake up property or names and contact information of witnesses. It also involves tak- derson said on the Make a Wish deliver, walking over the hill at between 2am and 3am every ing pictures of your injuries. Whether or not you file charges, you may need Bahamas website. the beginning of Marlin Drive morning to start their day and do proof of the incident later in life. Ms Henderson said it was only from Dolphin Drive. a full day’s work before 7am. Apply for a protection order if they are satisfied domestic violence has in more recent times that she “Her car had been giving her She said on the Make a Wish occurred. realised that Ms Brown and Shon- problems and is no longer work- Bahamas website that she is “con- Should you need more information on Domestic Violence or if you have elle have to complete their news- ing. Many people would have vinced that angels guide, protect information pertaining to any crime, please do not hesitate to contact the police at ‘919’ or Crime Stoppers at 328-tips (New Providence), 1-300-8476 paper route before they even stayed at home and complained and help them every step of the make it to the corner to sell (Family Island or If you know of individuals who may be in need of counsel- that they had no transportation, way, simply because they have ing and emotional support please contact the Department of Social Services hot- papers every morning before 7am. but not Ms Brown,” Ms Hender- stepped out in faith.” line number at 322-2763.

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ALMOST 200 people gathered following the shooting.

‘SENSELESS KILLING’

SHOCKSFROM page one COMMUNITYAnother relative said: "He was a sweet per- son. I never heard him raise his voice to any- one - never. I never saw him mad. She said: “There are criminals out there “He was generous and considerate. He who are always looking for an opportunistic would take the shirt off his back and give it to crime, so we are urging the public to pay atten- you." tion to your surroundings. You don’t know, Almost 200 people amassed following the somebody may be watching you.” incident, bringing traffic on the busy highway According to family members, Mr Simmons' to a crawl yesterday evening. and his friend had returned to the apartment Family members and close friends were from a corner shop when the incident overcome with grief as they watched police occurred. remove the body of the Doris Johnson High It is believed the pair may have been fol- school graduate. THE BODY is removed from the scene yesterday. lowed from the convenience store located only As the cries of bereaved loved ones grew a few houses away. louder, a new resident to the area said: "Geog- Sovonia Forbes, Shavado's older sister, said: raphy doesn't mean anything, it's not safe any- "He was very kind. Quiet around people he where. Young people just seem to be wild. wasn't familiar with, but once he knew you The only thing to curb this is for the govern- he could be very outspoken. Whenever some- ment to step in and do something - just hang thing wasn't right he would always speak out. them." “He liked to have fun and make people The country’s murder count stands at 72. laugh. What I want to know is, why did they The shooting has not yet been classified as a have to shoot him, if it's just a robbery? If murder, and as investigations continue, police they take the chain, why do they have to shoot are appealing to the public for any information the person? You already have the chain." which may assist their investigations.

THE TRIBUNE MONDAY, JULY 18, 2011, PAGE 11 LOCAL NEWS Getting priorities right By JOHN ISSA

IT would be wrong if not downright stupid not to VIEW FROM AFAR acknowledge the importance J OHN I SSA of reenergizing the econo- my. This is especially true in before because it appears to nations with the best quality light of the instability of the be demanding of action now of life are not the ones with world economic climate. more than ever. It is also the most natural resources It would also be wrong not what I suggest should be the but the ones with the best to understand the substan- priority of our society. educated and socially adjust- tial and long term benefits That subject is the nurtur- ed people. There is also a that come from the develop- ing and education of our direct relationship between ment of the Nation’s infra- children. It can be very easy the level of crime and the structure. In the Bahamas for this important matter not quality of the nurturing of there are currently a num- to get the spotlight it the young in most if not all ber of “works in progress” deserves during stressful eco- countries. which are designed to cre- nomic times, however, let us If the above propositions assigns to a subject by the ate the conditions for greater consider the benefits for all if are true and to me they amount of attention is gets in economic growth. There are our children are better edu- appear self evident why is the media one would have also major infrastructure cated and nurtured. not the education of our to conclude that the nurtur- projects in progress including It is recognized by econo- youth and the encourage- ing and education of our the air and sea ports, road mists that there is a direct ment of stable families not youth is not considered as improvements and telecom- correlation between eco- the most important objective most important. munications. nomic prosperity and the of our leaders both in the Maybe the sharp increase That being said this col- level of education of a soci- public and private sectors? in the murder rate will shock umn must return to a sub- ety. We also must remem- If you judge the level of us into getting our priorities ject with which it has dealt ber that the most successful importance which a society right. Residents ‘irate’ at plan to give squatters first preference on Mackey Yard subdivision FROM page one of transparency in the should be offered to those Is the process open to those process,” he said. who have already applied Bahamians who have If Mackey yard is to be and have been waiting for applied and are qualified to stituency. properly developed as the years to acquire land in purchase houses in The He warned the govern- newest subdivision in the New Providence,” said Dr Bahamas? How was the ment that its latest move area, Dr Major said prefer- Major. land in Mackey Yard “will not rest well with the ence should not be to the Information coming from acquired by the govern- residents of Garden Hills” squatters. the Ministry of Housing is ment, when was it acquired or Bahamians who have “Residents in the area “conflicting,” according to and at what cost? What is had to deal with shanty who are renting and seek Dr Major. He called on the the cost of the development towns next to their “order- to move into homes of their government to answer a infrastructure being put in ly subdivisions and apart- own contend that if land in number of questions. place and when will these ment zones.” the area is to be sold at a “Who are the persons eli- contracts go out to bid?” He said residents are ridiculously low rate, it gible to purchase any lots? asked Dr Major. concerned the government is negotiating with former squatters for the sale of lots “to the exclusion of ordi- nary Bahamians.” He also said the initiative is reward- ing “illegal activity when legitimate Bahamians who are qualified are deprived.” In its effort to regularise squatter communities, the government announced a new 250 lot subdivision at the site of the former Mackey Yard shanty town. Lots are being sold at $3.40 a square foot with lots start- ing at $17,000 for 5,000 sq ft, according to government officials. Dr Major said the gov- ernment’s proposal to sell the land at below market prices, will have the effect of reducing property values in the neighbourhoods where land was sold at mar- ket value. Across the street from Mackey yard, he said land values are $75,000. Kenneth Russell, Minis- ter of Housing, said gov- ernment land and homes have always been sold at subsidised rates to make them more affordable. Mackey yard is located in the southwestern area of Garden Hills Constituency. There is a large concentra- tion of apartment complex- es in the surrounding area, many of which were devel- oped by Arawak Homes. Private housing subdivi- sions include Hunts Close, Ross Davis Estates, Ophe- lia Storr Estates, Avocado Gardens, Assembly Gar- dens and others. Dr Major said, based on the demands it appears to be a desperate need for housing for Garden Hills Constituency, especially the surrounding area of Fire Trail Road. “Many of the residents (in the surrounding area) have been paying rent for most of their adult lives, and they aspire to own a home. They have expressed serious discontentment with the idea of such accommo- dations being made for those individuals who were squatting in the area and not abiding by the law for many years,” said Dr Major. “Bahamians are crying out for housing and have been frustrated by the lack

PAGE 12, MONDAY, JULY 18, 2011 THE TRIBUNE LOCAL NEWS Fears Education Loan Authority audit ‘will never be completed’

ly very time-controlled. As raised by investigators questions”, said the source. FROM page one an auditor you should be relate to board conduct, “Yes, there may be things able to estimate when is the and financial protocols. which are not done properly, The Education Loan audit going to finish. It can- The chairman of the but come on. There is a Authority (ELA) is respon- not be vague. They plan board, in one instance, process. You cannot base sible for raising money for their time, because they bill signed off on the private stories on audit notes.” the government’s student their time per hour. That is issuance of an ELA bond Although there could be loan scheme. It adminis- a small company with three to his own company. The valid concerns, the source ters bonds in excess of $100 people. You can’t tell me chairman denies this was a said there is a process, and it million, with an operating that an audit going on for conflict of interest. is important for auditors to annual budget of more than months and they cannot One source said: “That “seek weakness and make $2.5 million. conclude it. Audits cannot was in the audit notes. I recommendations as Sources claim one admin- be indefinite.” doubt that will reach the opposed to castigating or istrator in the organisation “This is a small little loan actual audit, but I don't seeking evidence of malfea- is responsible for authoris- department. What is so dif- want to speak for the Audi- sance.” ing, receiving and record- ficult about this audit? Has tor General.” In the case of the ELA ing financial transactions, the auditor been instructed However, in the chair- bond, which “could be and there allegedly is a not to finish the audit? Has man’s defence at the time viewed as a conflict of inter- practice of co-signatories anyone instructed him to the bond was issued, there est,” Tribune sources claim signing blank cheques. ease off?” were the ques- were no other takers in the officials are recommending Deborah Jackson, chief tions being asked. market, according to a that the ELA “ensure that administrative officer Terrance Bastian, Audi- source, who further claimed all procedures are guided by (CAO), heads the three- tor General, could not be there are no regulations transparency and account- person team at the ELA. reached for comment. But governing conflicts of inter- ability.” They report to a board of in an online message, he est in any event. Most of “They should go to the directors, chaired by Lowell states his department is the board members are not board and say this is what Mortimer. For several responsible for “protecting civil servants, so they are we found and this is what years, the organisation has the fiscal integrity of the not governed by general you should do. This is what been without a financial Bahamas and providing orders. my concern is. When people officer (FO). assurance that resources are One source said the gov- read these things they do not The ELA and its agent, spent in an economic, effi- ernment does not have a interpret them properly. the Bank of the Bahamas, cient and effective man- standard code of ethics for “They gloss over signifi- with the Loans Division in ner.” public boards. However, cant issues and pick out the the Ministry of Education “My personal philosophy board members are smaller issues. are jointly responsible for is that stewards of public accountable to a minister, “You have a $100 million overseeing the loan portfo- resources should be held to who should set the standard portfolio with two thirds in lio. a high standard. I am dedi- of conduct, the source said. default and you are talking Although government cated to serving the citizens Until the findings are about where you purchase officials have confirmed the of The Bahamas and pro- published they are just the food. If this was in the audit, they have refused to viding assurance of trans- “audit notes”, said a Tri- private sector they would comment, stating it is parency while also promot- bune source. Questions question the quality of the incomplete. No officials ing good governance,” Mr raised by auditors in the auditor's report,” said a would reveal when it is Bastian stated. investigation are “not sus- source. expected to be completed. Some of the questions picions,” they are “just • SEE PAGE THREE A Tribune source claimed: “Audits are usual- TOURIST SERIOUSLY INJURED IN ANOTHER JET-SKI ACCIDENT lace Jr, who disappeared while riding a jet-ski FROM page one over the Labour Day holiday, was found near Williams Town Beach, Grand Bahama. to hospital by emergency medical personnel An official of the port department, the reg- where he is detained in a stable condition. ulating agency, told The Tribune in a previous This accident comes after a 27-year-old interview that every incident is taken seri- Carnival Cruise passenger died when the jet- ously and that every accident heightens the ski she was riding with an American man awareness of all of those in the jet-ski indus- crashed into a boat near the entrance to Nas- try. sau Harbour in May. With a history of industry accidents and Just two weeks after that, a 35-year-old lawsuits, hoteliers have continuously pushed woman from Florida was a passenger on a for safety regulations. banana boat ride when it collided with a jet- According to the regulations, each jet-ski ski ridden by two people. passenger is required to sign a waiver form. The woman was taken to hospital where However, when The Tribune visited Cabbage she was treated for a fractured right leg. Beach a few months ago, operators were not In June, the body of 17-year-old Keith Wal- able to produce a form.

TROPICAL STORM WARNING FROM page one

forecasters at the United States’ National Hurricane Centre (NHC) and strength- ened into a tropical storm yes- terday. At press time last night, the NHC reported the storm's centre was located about 60 miles northeast of Freeport. Its maximum sustained winds were near 35 miles per hour, drifting toward the south with near 2mph; a north-north- eastward motion was project- ed for today. Little movement was expected overnight. According meteorologists at Accuweather.com, Grand Bahama and Abaco have lit- tle to fear from the system as it is still very disorganised. The northwest islands were expected to experience a max- imum of one to two inches of rain and wind gusts of up to 30mph. 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. THE TRIBUNE MONDAY, JULY 18, 2011, PAGE 13 INTERNATIONAL NEWS

INVESTIGATIONS ENTER MEDIA BARON'S INNER CIRCLE EX-MURDOCH AIDE BROOKS

LONDONARRESTED IN HACKING SCANDAL Gordon Taylor. rebutting the allegations Cameron has held 26 meet- Associated Press James Murdoch said last about my record." ings with Murdoch executives week that he "did not have a She was editor of the now- since he was elected in May REBEKAH Brooks, complete picture" when he defunct News of the World 2010 and invited several to his Rupert Murdoch's former approved the payouts. between 2000 and 2003, when country retreat. British newspaper chief, was Britain's bribery law gives some of the phone hacking London police are under arrested Sunday on suspicion authorities the power to pros- took place, but has always pressure to explain why their of phone hacking and bribing ecute corporate chiefs for fail- said she did not know it was original hacking investigation police, only 48 hours before ing to prevent bribery, some- going on, a claim greeted with several years ago failed to find both of them were to be thing that had previously been scepticism by many who enough evidence to prosecute grilled by U.K. lawmakers difficult, but the bar for proof worked there. anyone other than News of investigating widespread law- is high. At an appearance before the World royal reporter breaking at a Murdoch Chandrashekhar Krishnan, U.K. lawmakers in 2003, Clive Goodman and private tabloid. executive director of Trans- Brooks admitted that News investigator Glenn Mulcaire. The arrest of the 43-year- parency International UK, International had paid police Detectives reopened the old Brooks, often described said British prosecutors seek- for information. That admis- investigation earlier this year as a surrogate daughter to the ing to prove that bribes that sion of possible illegal activity and now say they have the 80-year-old Murdoch, brings were approved at a high level went largely unchallenged at names of 3,700 potential vic- the British police investiga- would have to uncover strong the time and lawmakers are tims. tions into the media baron's evidence such as memos or keen to ask her about it again. Records show that senior inner circle for the first time. minutes of a meeting. Police have already arrest- officers — including Paul It also raises the possibility "That usually proves to be ed nine other people, includ- Stephenson, chief of London's that his old friend Les Hin- very, very difficult," he said ing several former News of Metropolitan Police — have ton, who resigned Friday as James Murdoch's ties to the the World reporters and edi- had numerous meals and publisher of The Wall Street hacking scandal might bolster tors, over allegations of hack- meetings with News Interna- Journal, or Murdoch's 38- the position of his 42-year-old ing and bribery. tional executives in the past year-old son and heir appar- sister, Elisabeth Murdoch, Those include Andy Coul- few years. ent, James, could be next. who was not with News Corp. son, a former News of the The police force also hired Brooks' detention also during much of the period in World editor who became Neil Wallis, a former News of moves the police inquiry clos- question. The Independent Cameron's communications the World executive editor er to the heart of British polit- newspaper quoted unnamed chief before resigning in Jan- arrested last week in the scan- ical power. Brooks is the ulti- News Corp. insiders as say- uary. No one has yet been dal, as a part-time PR consul- mate social and political insid- ing Rupert Murdoch is eager charged. tant for a year until Septem- er, who dined at Christmas to get Elisabeth on the News Some Murdoch critics were ber 2010. with Prime Minister David Corp. board. suspicious of the timing of Cameron and counts numer- Hinton, too, could face Brooks' arrest, which may ous celebrities and senior questioning over wrongdoing draw attention away from politicians among her friends. at the News of the World dur- uncomfortable questions FORMER CHIEF EXECUTIVE Until Friday, she was the ing his 12 years as executive about police actions. OF NEWS INTERNATIONAL, defiant chief executive of chairman of News Interna- "The timing stinks," said Rebekah Brooks leaves a hotel News International, Mur- tional. That could be compli- Mark Lewis, lawyer for the in central London, in this Sun- doch's British newspaper arm, cated by the fact that he is an family of Milly Dowler, the day, July 10, 2011 file photo. whose News of the World American citizen living in the murdered 13-year-old whose Sky television sources reported tabloid stands accused of U.S., so British authorities phone was hacked by News on Sunday July 17 2011 that hacking into the phones of would have to seek extradi- of the World journalists in Brookes had been arrested by celebrities, politicians, other tion if he refused to come will- 2002. police investigating a phone journalists and even murder ingly. Cameron's Conservative- hacking and corruption scandal victims. In the tumultuous last Brooks stepped down Fri- led government and the Lon- that has engulfed Rupert Mur- two weeks, she had kept her day as head of Murdoch's don police also are facing doch's British media company. job even as Murdoch shut British newspapers, saying she increasing questions about Scotland Yard confirmed that a down the 168-year-old tabloid was going to "concentrate on their close relationship with 43 year old woman had been and tossed 200 other journal- correcting the distortions and Murdoch's media empire. arrested. (AP) ists out of work. On Sunday she showed up for a prearranged meeting with London police investi- gating the hacking and was arrested. She was being ques- tioned on suspicion of con- spiring to intercept commu- nications — phone hacking — and on suspicion of cor- ruption, which relates to brib- ing police for information. Brooks' spokesman, David Wilson, said police contacted her Friday to arrange a meet- ing and she "voluntarily attended a London police sta- tion to assist with their ongo- ing investigation." He claimed that Brooks did not know she was going to be arrested. The arrest threw Brooks' appearance at Tuesday's par- liamentary hearing into doubt. "Obviously this complicates matter greatly," Wilson said. "Her legal team will have to have discussions with the committee to see whether it would still be appropriate for her to attend. " Lawmaker Adrian Sanders said if Brooks did not appear, "that is not going to go down very well with my fellow com- mittee members." The arrest was the latest blow for Murdoch, the once all-powerful figure courted by British politicians of all stripes. Now Murdoch is struggling to tame a scandal that has already destroyed his muckraking tabloid News of the World, cost the jobs of Brooks and Hinton and sunk the media baron's dream of taking full control of a lucra- tive satellite broadcaster, British Sky Broadcasting. "(Murdoch) needs to come absolutely clean about what he knew, about what his senior executives knew, and why this culture of industri- al-scale corruption — so it is alleged — appeared to have grown up without anyone higher up in the food chain taking any real responsibility for it," Deputy Prime Minister Nick Clegg said Sunday. Even more senior figures could face arrest, including James Murdoch, chairman of BSkyB and chief executive of his father's European and Asian operations. James Mur- doch did not directly oversee the News of the World, but he approved payments to some of the paper's most prominent hacking victims, including 700,000 pounds ($1.1 million) to Professional Footballers' Association chief

PAGE 14, MONDAY, JULY 18, 2011 THE TRIBUNE INTERNATIONAL NEWS GN-1267 IN THIS Nov. 18, 2008 file photo, then Egyptian President Hosni Mubarak speaks after receiving the Jawaharlal Nehru Award for Inter- national Understanding in New Delhi, India. Hos- ni Mubarak's lawyer says ousted president has suffered a stroke, and is in a coma. (AP)

MUBARAK'S LAWYER SAYS EX-PRESIDENT SUFFERED STROKE CAIRO hospitalized on the day prose- Associated Press cutors trying to build a case against him sought to question Hosni Mubarak's lawyer said the former leader for the first Sunday that the ousted Egyptian time. president suffered a stroke and Prosecutors have questioned is in a coma. However a top him in the hospital, but an order medical official with knowledge to transfer him to a Cairo prison of his condition denied the during the investigation was report and said Mubarak was overturned on the grounds that stable. the prison health facilities were Mubarak, 83, has been in a inadequate to treat him. A hospital in the Red Sea resort of report by a government- Sharm el-Sheikh since April appointed panel of physicians under arrest on charges he determined in May that ordered the killings of protesters Mubarak is too ill to be held in during Egypt's uprising. He is prison while awaiting trial. said to be suffering from heart That report said Mubarak trouble. was suffering from heart trou- "The president had a sudden bles and confirmed he had stroke," said the lawyer Farid "tumors" in his pancreas el-Deeb. "Doctors are trying to removed. But it did not specify bring him to consciousness. He whether the tumors were malig- is in a total coma," he told The nant. It also said that Mubarak Associated Press. can't leave his bed without assis- However, a senior medical tance. official in the hospital where Reports about Mubarak's Mubarak is held said his condi- health are a highly politicized tion had not worsened. The doc- issue because his trial is unprece- tor spoke on condition of dented in the history of modern anonymity because of the sensi- Egypt. tivity of the subject. Youth groups have warned Mubarak is set to face trial in that granting Mubarak amnesty August on charges he ordered would only spark a new revolu- the killings of protesters during tion. the 18-day uprising that ousted In May, an Egyptian paper him on Feb. 11. A conviction ran an unconfirmed report that could carry the death penalty the Egyptian military rulers and activists suspect his lawyer were considering doing just that may be using health problems in return for an apology to the as a ruse to sway public opin- nation for any wrongdoing. ion and perhaps even win The report sparked a public amnesty. outcry and a mass protest in Protesters have camped for Cairo's Tahrir Square — the more than a week in Cairo's epicenter of the Egyptian revo- Tahrir Square, demanding a lution. That forced the country's public trial for Mubarak and military rulers to issue a denial other regime officials accused and distance themselves from of complicity in killing protest- Mubarak's trial. ers. Mubarak has been charged El-Deeb has made other with conspiring with the former claims recently about Mubarak's security chief and other senior deteriorating health that were police officers — already on tri- also denied by senior medical al in a criminal court — "to officials. commit premeditated murder, Mubarak was treated last year along with attempted murder of for cancer in his gallbladder and those who participated in the pancreas, and el-Deeb said last peaceful protests around month that he may be suffering Egypt." a recurrence that spread to his The charges say Mubarak and stomach. the other officials were involved However, two senior Egypt- in "inciting some policemen and ian medical officials — one of officers to shoot the victims, run- them the head of Mubarak's ning some of them over to kill team of doctors — said at the them, and terrorizing others." time he did not have the dis- At least 846 protesters were ease. killed during the revolt. Ever since Mubarak traveled Mubarak's sons, Alaa and to Germany early last year for Gamal, have been held in medical treatment, it has been Cairo's Tora prison since mid- widely rumored that he has can- April while they are investigated cer. But his health was a closely on charges ranging from cor- guarded secret, and the cancer ruption and squandering public was never spoken of publicly funds to ordering the violent until recently. suppression of anti-government El-Deeb claimed last month demonstrations. that Mubarak underwent "criti- For years, Mubarak's health cal surgery" in Heidelberg, Ger- was a tightly guarded secret, and many, last year to remove his each flare-up threw the country gallbladder and part of his pan- into uncertainty because there creas, which were cancerous. was no clear successor. At the time, he called Following Mubarak's surgery Mubarak's condition "horrible" in Germany last year, Egypt's and said the former leader government said that doctors "doesn't eat and he loses con- removed benign tumors from sciousness quite often." his gallbladder. Egyptian state Mubarak has lived in Sharm TV also broadcast footage of since his ouster. Mubarak speaking to his doc- Mubarak's purported health tors in an attempt to assure issues have complicated efforts Egyptians that his condition was to bring him to trial. He was stable. THE TRIBUNE MONDAY, JULY 18, 2011, PAGE 15 INTERNATIONAL NEWS ANOTHER STEP TOWARDS TRANSITION FOREIGN TROOPS HAND OVER PROVINCE TO AFGHAN POLICE KABUL, Afghanistan advisers. Associated Press The transition to Afghan control will allow INTERNATIONAL international military military forces in forces to slowly start Afghanistan handed over withdrawing from control of a peaceful Afghanistan until all com- province in the center of bat troops are gone in just the country to Afghan over three years. police on Sunday, taking Bamiyan only had a another step in a transi- small foreign troop con- tion that will allow for- tingent from New eign troops to withdraw in Zealand. Bamiyan and full by the end of 2014. Panjshir are the only two Bamiyan province is provinces that will be one of seven areas going handed over in their to Afghan security con- entirety during this mon- trol this month in a first th's transition phase. round of the transition. Another, Panjshir province in the east, Control began being transferred Other areas to be hand- earlier this month. Both ed over are the provincial places have seen little to capitals of Lashkar Gah no fighting since the over- in southern Afghanistan, throw of the Taliban Herat in the west, Mazer- nearly 10 years ago and e-Sharif in the north and barely had any coalition Mehterlam in the east. troop presence. Afghan forces will also take control of all of Kab- Fighters ul province except for the restive Surobi district. Violence has increased Not all residents of in other parts of Bamiyan were happy with Afghanistan since the the handover decision, Taliban began a yearly which they said had offensive in April. resulted in increased vio- Afghan and NATO lence in the province by troops killed at least 13 insurgents seeking to Taliban fighters in the make the Afghan govern- east on Sunday, and three ment look bad. NATO service members "From my point of were killed in roadside view, but also the point of bomb attacks. view of many in Bamiyan, In the capital, gunmen the transition that attacked the home of an occurred today was not a adviser to President good idea at all," said Hamid Karzai, police Bamiyan lawmaker Abdul said. There were no Rahman Shaheedani. immediate reports of "People are very con- casualties. An unknown cerned about security in number of gunmen Bamiyan right now. When attacked Jan Mohammed several months ago they Khan's home in the west- announced the areas ern Kabul district of Karti where the first phase of Char, said Ashmat transition would occur, Stanekzai, a spokesman and named Bamiyan, for the Kabul police chief. militant activities Karzai has dozens of increased." THE TRIBUNE • SECTION B • [email protected] MONDAY, JULY 18, 2011 BILL OVERRIDES Retailer: 48% stake sale TO HAWKSBILL CREEK ‘WILL NOT SURVIVE’ to help ‘rise from ashes’ * Gov’t warned any such Customs Management By NEIL HARTNELL * Robin Hood chief ‘waiting for money’ an individual that represents New financing and share- Tribune Business Editor from Hubert Pinder-led group a group, and that’s the indi- holders are required to refi- provisions will vidual you spoke of. We’ve nance Robin Hood and buy- ‘certainly be ROBIN HOOD’S princi- * Confirms ‘recent disagreement’ with signed the agreement for 48 out Mr Khilnani, and his challenged’ in pal has confirmed he is landlord Leslie Miller per cent, and I’m waiting for WH Trading business, after the courts “waiting for the money” the money.” the Miami-based business- after a Bahamian investor * Staff down to 120, from 260-270 Declining to identify the man and Mr Schaefer decid- group led by Hubert Pinder other investors, he added: ed to end their partnership. By NEIL HARTNELL agreed to acquire a 48 per * But pledges: ‘We’ll be firing on all “They’re substantial The Robin Hood president, Tribune Business cent stake in the retailer, cylinders in 3 months’ investors in the Bahamas. though, denied that Mr Editor admitting that he “absolute- Suffice it to say, if there’s Khilnani had invested up to ly got knocked on my back- one good thing coming out $9 million in the Bahamian ness he confirmed that there pal, who denied to this THE side” over the past year. of this in the eyes and minds retailer through a combina- had been “some recent dis- newspaper last Thursday Govern- Sandy Schaefer, also of many, it’s that a substan- tion of loans and equity, agreements between himself that Mr Pinder was the ment has Robin Hood’s president, tial part of this retailer is describing that figure as and former PLP MP and investor seeking to buy-out been moved to reassure that the coming back to the “completely inaccurate”. Cabinet Minister, Leslie his former partner, Miami- warned that retailer was getting back on Bahamas.” “Suffice to say that he will Miller, who is the landlord based Suresh Khilnani, told any attempt its feet after the closure of its Tribune Business reported come out of the business sat- for his remaining Summer- this newspaper a slightly dif- to override Prince Charles Drive store, last week that Mr Pinder, isfied,” Mr Schaefer said of winds Plaza store. And Mr ferent version the following the Hawks- plus collapse of the deal to and his group, had reignited Mr Khilnani. Schaefer also admitted that day, acknowledging that Mr bill Creek sell its food business to City their interest in Robin Hood The latter’s exit, though, the company had shed Pinder was the lead for an Agreement Markets’ principals, pledg- after walking away previ- has forced Robin Hood to around 140-150 jobs follow- investor group. via provi- ing that it would be “firing ously. A team of accoun- put together new supply ing the closure of the Prince “It’s an all-Bahamian sions con- on all cylinders” in three tants have been scouring the chains from scratch, given Charles Drive location and group that is buying,” Mr tained in the FRED months’ time. retailer’s books on their other downsizing. Schaefer said. “It’s not the new Cus- SMITH QC However, under ques- behalf, conducting due dili- The Robin Hood princi- individual you spoke of. It’s SEE page 4B toms Man- tioning from Tribune Busi- gence. agement Act “will not sur- vive a challenge in the courts”. Fred Smith QC, the Cal- lender’s & Co attorney and KERZNER PR CHIEF TO TAKE GOV’T ‘RECKLESS’ ON CUSTOMS BILL partner who has won * PLP MP says Customs’ powers, intellectual numerous prior legal bat- property and goods seizure rights ‘all new’ tles against the Govern- ON BAY STREET PROJECT BRIEF ment and Customs in rela- * Downtown Nassau Partnership to not replace * Says legislation ‘being forced down our throats’ tion to the latter’s powers, managing director, but split functions between E or lack thereof, in Freeport, d Fields and previous incumbent By NEIL HARTNELL told Tribune Business that Ryan Pinder, the PLP MP for Tribune Business Editor any such moves would Elizabeth, said the Opposition was * ‘Conflict of interest’ concerns relating to Kerzner “very concerned” over how the leg- “certainly be challenged” and Baha Mar dismissed by Grand Bahama Port THE Government was islation had been handled, Authority (GBPA) “reckless” in failing to as Bahamian merchants By NEIL HARTNELL a new managing director per se after consult with the pri- and businesses had no licencees. Tribune Business Editor Vaughn Roberts returned to Baha vate sector over the idea how to adjust their While almost no one, Mar, but split up the post’s responsi- outside the Government, KERZNER International bilities. Some will be assumed by Mr reformed Customs operations to meet the Opposition MPs and the (Bahamas) PR chief, Ed Fields, is set Fields, but Mr Roberts will retain Management Bill Act’s demands - espe- former’s consultants to assume certain functions formerly some functions, as he remains on the prior to bringing it to cially as the ‘consultative appear to have seen the full associated with the Downtown Nassau 11-person DNP Board, where he will Parliament, a PLP committee’ of private sec- Customs Management Bill, Partnership’s (DNP) managing direc- be joined by the Kerzner International MP warning that it tor representatives that which is before Parliament tor role, taking on responsibility for PR chief. gives the revenue-col- was supposed to examine after undergoing its second specific projects related to the city Tribune Business was told, though, lecting agency “a lot 0f SEE page 8B reading in the House, sev- and Bay Street’s redevelopment. that the DNP had initially set out to authority and pow- eral GBPA licencees have Highly-placed sources familiar with replace Mr Roberts directly, and had ers new to this RYAN PINDER, expressed concern about developments said the DNP, a part- identified - in some cases, interviewed jurisdic- the PLP MP for nership between the Government and tion”. Elizabeth the ‘devil being in the private sector, had decided not to find SEE page 9B detail’. They are fearful that the new legislation will contain provisions that attempt to circumvent, or seek to override, the Hawksbill CONSTRUCTION SECTOR ‘VALUE ADDED PLUMMETED 23.5%’ SEE page 5B By NEIL HARTNELL struction and repairs also On the financial side, Tribune Business Editor The Bahamas’ current contracted by 31.7 per cent in ECLAC said the Bahamas’ number to 226, and by 20.8 capital and financial account BAHAMIAN construc- account deficit projected per cent in value to $26.6 mil- surplus contracted by close tion industry “value added lion. to 19 per cent in 2010 to plummeted 23.5 per cent) in to widen to 15% in 2011 Elsewhere, the 5.2 per cent $931.2 million. 2010, a report by a United increase in credit growth “The erosion of the sur- Nations (UN) body has experienced in 2010, com- plus,” it added, “resulted revealed, which together with pared to just a 1.5 per cent from a sharp decline in pub- a decline in private sector “Value added in the con- bursements for new con- rise the year before, was, lic sector inflows, which off- credit growth reflected “flag- struction sector plummeted struction and repairs fell by according to ECLAC, “dri- set higher private sector loan $5.2568 ging investor confidence” 23.5 per cent in 2010, miti- 37 per cent, while mortgage ven by public sector demand inflows and a recovery in for- $4. and foreign direct invest-$ gating the improvement in commitments, an indicator for infrastructure projects, as eign direct investment ment. tourism,” the ECLAC report of future activity, fell in num- credit to the private sector inflows. In its analysis of the said. ber by 10 per cent.” declined marginally, owing “In 2009, public sector $5.16 Bahamian economy for its “The sharp fall in con- That pattern has contin- to flagging investor confi- inflows had benefited from 51 2010-2011 Economic Survey struction reflected a down- ued through the 2011 first dence”. a $300 million bond issue and $4. of Latin America and the turn in foreign investment- quarter, the Central Bank of The tourism and construc- substantial Special Drawing Caribbean report, the UN’s funded projects and domestic the Bahamas’ review recent- tion industries generated net Rights (SDR) allocation $5.22 Economic Commission for private investment, as ly revealed, with total mort- repayments of $61.5 million under the International 69 the region (ECLAC) investors wait for the global gage disbursements for the and $11.6 million, respec- Monetary Fund’s (IMF) $4. revealed just how soft the and local recovery to period down by 15.4 per cent tively, while consumer cred- global initiative, but since construction and home mar- strengthen. year-over-year to $40.6 mil- it also fell in numerous cate- these extraordinary inflows The information contained is from a third “Underscoring the softness lion. Domestic mortgage party and The Tribune can not be held ket continues to be, espe- gories in 2010 apart from responsible for errors and/or omission in the market, total loan dis- commitments for new con- SEE page 5B from the daily report. cially in the domestic sector. debt consolidation loans.

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PAGE 2B, MONDAY, JULY 18, 2011 THE TRIBUNE BUSINESS

ByROYALFIDELITY ROYALFIDELITY Bank MARKET of the Bahamas WRAPTotal assets and liabilities CAPITAL MARKETS (BOB) traded a volume of 300 as at April 31, 2011, were $33.9 shares, remaining unchanged million and $17.8 million, It was an active week of trad- at $6.94. respectively, compared to $32.7 ing in the Bahamian stock mar- million and $17.4 million as at ket. Investors traded in nine BOND MARKET their year-end January 31, out of the 24 listed securities No Bonds traded 2010. with one advancer. Earnings Releases: EQUITY MARKET AML Foods (AML) COMPANY NEWS A total of 9,763 shares released its unaudited financial AGM Notices: changed hands, representing a results for the quarter ended Benchmark (Bahamas) decrease of 10,899 shares com- April 30, 2011. AML reported (BBL) has announced its pared to last week's trading net income of $320,000, a slight AGM will be held in the Vic- volume of 20,662. decrease of $10,000 or 3 per toria Room at the British Colo- Colina Holdings Ltd (CHL) cent year-over-year. nial Hilton Hotel on July 21, was the advancer for the week, AML continues to struggle 2011, at 6.30 pm. trading a volume of 2,280 amid the challenging economic shares to see its stock close up conditions and highly compet- Fidelity Bank (Bahamas) $0.05 at $2.55. itive retail market. Sales of $22 (FBB) has announced its AGM Commonwealth Bank million increased by $1.1 mil- will be held in the Victoria (CBL) traded a volume of lion year-over-year, while cost Room at the British Colonial 4,679 shares, remaining of sales - at $15.4 million - Hilton Hotel on July 28, 2011, unchanged at $6.88. increased by $781,000 or 5.4 at 6pm. Freeport Oil Holdings per cent. Management attrib- (FOCOL) traded a volume of uted this growth to an increase FamGuard Corporation Ltd 1,400 shares, remaining in average customer transac- (FAM) has announced its unchanged at $5.50. tions. AGM will be held in the Vic- Cable Bahamas (CAB) trad- Earnings per share of $0.021 toria Room of the British ed a volume of 328 shares, remained flat quarter-over- Colonial Hilton Hotel on remaining unchanged at $8.48. quarter. August 4, 2011, at 4pm.

EQUITY MARKET - TRADING STATISTICS Week ending 15.07.11 BISX SYMBOL CLOSING PRICE WKLY PRICE CHANGE VOLUME YTD PRICE CHANGE AML $ 1.18 $- 0 21.65% BBL $ 0.18 $- 0 0.00% BOB $ 6.94 $- 300 41.63 BPF $ 10.63 $- 0 0.00% BSL N/A $- 0 0.00% BWL $ 2.70 $- 0 0.00% CAB $ 8.48 $- 328 -18.93% CBB $ 8.40 $- 0 0.00% CBL $ 6.88 $- 4,679 -1.71% CHL $ 2.50 $+0.05 2,280 6.25% CIB $ 8.60 $- 180 -8.41% CWCB $1.82 $-0.05 0 -2.67% DHS $ 1.38 $- 0 -13.75% FAM $ 5.40 $- 0 -11.04% FBB $ 1.77 $- 0 -18.43% FCL $ 5.50 $- 1,400 0.73% FCLB $ 1.00 $- 0 0.00% FIN $ 5.40 $- 130 -25.31% ICD $ 7.30 $- 306 30.59% JSJ $ 9.82 $- 160 0.00% PRE $ 10.00 $- 0 0.00%

THE TRIBUNE MONDAY, JULY 18, 2011, PAGE 3B IBC payments decreaseBUSINESS 8.8 per cent

By NEIL HARTNELL in related fee payments to year before. following one’s de-registra- the Central Bank report “Given the modest fall- Tribune Business Editor the Government to $18.3 On the licence and regis- tion during the year. Yet, said. off in employment, salaries - million.” tration fee side, the fall-off citing “robust support” from “Employment in the sec- excluding bonuses - were A 1,860 contraction in Total revenues earned by in IBC fee revenues was off- members, the Central Bank tor increased by three to relatively stable at $55.7 mil- active Bahamas-domiciled the Government from the set, to some extent, by an said total credit union assets 112, compared with a one lion, and the average com- International Business financial services industry increase in bank and trust increased by $14.4 million person gain in 2009, and was pensation of full-time Companies (IBCs) to 42,745 rebounded slightly from the company fees from $13.7 or 5.6 per cent to $271.9 mil- exclusively Bahamian.” employees was only slightly reduced fee payments to the $106.5 million five-year low million in 2009 to $16 mil- lion, a slight increase on On the insurance side, lower at an estimated Government by 8.8 per cent hit in 2009, increasing by 4.3 lion in 2011. 2009’s 5.3 per cent growth. employment in the sector $44,673 from $45,084 in - from $20.1 million to $18.3 per cent to $111.1 million. Elsewhere, the Bahamian “Based on the estimates hit 1,539 following a 1.7 per 20009,” the Central Bank million - in 2010, a Central This was largely due to investment funds industry of a survey, the sector’s total cent gain in 2009, with report said. Bank of the Bahamas report Stamp Tax payable on remained relatively stag- expenditure grew by 3.6 per Bahamians accounting for Capital spending by the has revealed. financial transactions, which nant, the number of active cent to $6.7 million, reflect- 98.2 per cent of the indus- insurance industry grew by Analysing the financial rose by 7.9 per cent to $76.1 funds under management ing a 1.9 per cent gain in try’s workforce. The $2.4 million or 26.6 per cent services industry’s 2010 con- million from $70.5 million dropping by 33 or 4.2 per base salaries and a near Bahamian component, to $11.3 million, boosted by tribution to the Bahamian in 2009, as licence and reg- cent to 755 at year-end 2010. doubling in capital expen- though, declined by two outlays on new premises, economy, the Central Bank istration fees slipped slight- This, though, was a slow ditures as growth in asset persons to 1,512, while the while miscellaneous admin- said that despite the fall in ly - falling from $36 million down from the 9.1 per cent acquisitions offset a fall-off number of non-Bahamians istration costs increased by active IBCs, there were to $35 million. decline in active funds seen in administrative outlays,” rose by one to 27. 2.8 per cent to $29.7 million. indications that the activi- While Stamp Tax on in 2009. And the Central ties of these entities mortgage transactions fell Bank report pointed out “rebounded during” last from $13.5 million to $10.2 that Bahamas-domiciled year. million, reflecting the weak investment fund adminis- “The number of new net housing and mortgage mar- trators increased in number registrations rose by 2,388, kets, the tax on gross insur- by one to 65, which was elevating the total number ance premiums increased “suggestive of stable of IBCs to an estimated from $13.7 million to $22.7 employment conditions dur- 162,872 registrants,” the million. Government rev- ing 2010”. report said. “However, the enues earned from other Funds under management contraction in the number banking transactions were by administrators dropped of active registrants by 1,860 relatively flat, standing at by 38 to 669. to 42,745 partly contributed $43 million in 2010 com- Registered credit unions to the 8.8 per cent fall-off pared to $43.1 million the stood at 14 at year-end 2010,

PAGE 4B, MONDAY, JULY 18, 2011 THE TRIBUNE BUSINESS

RETAILER:from 48% suppliers, rather STAKE than downs, I wouldSALE certainly TOdiscovered. HELP ‘RISEMr Schaefer FROM said Robin it,” ASHES’he told Tribune Busi- FROM page one going through WH Trad- say that Leslie and I are Sources close to develop- Hood did not “plan to just ness. “Once the roads are ing.” friends,” he told this news- ments at Robin Hood, stay in the food retail busi- done, we will go for it. We that most of its product was Referring to the impend- paper. meanwhile, have told Tri- ness. We plan to be Num- hope to start construction sourced through WH Trad- ing deal with the Pinder “We have a long-term bune Business that there is ber One”. He added that on the new addition in the ing. group, he added: “We’ll be friendship, and at moments high disquiet among some he was constantly seeking next couple of months, the Many retail sector rivals, extremely well-financed. we have disagreements. members of the retailer’s to cut deals with suppliers 44,000 square foot centre.” together with observers, Out of every bad comes The test of the relationship staff, especially given the on surplus goods and dis- Mr Schaefer said a Sco- have questioned whether some good. I think we’re is whether we endure that. recent cost-cutting and continued product lines, in tiabank branch and Sbar- Robin Hood, following the going to be a much leaner, We’ve had some disagree- downsizing exercise, which a bid to provide better con- ro’s were still lined up as collapse of the City Mar- keener fighting machine, ments recently, but like Mr Schaefer admitted had sumer prices. tenants, along with a gym kets deal and the partner- and we’re back to what anything else, friendships reduced the workforce “All we need to do now and fine dining restaurants. ship with Mr Khilnani, will made us strong 10 years disintegrate or become from around 260-270 to 120 is win back our customers,” On the hard good and survive in an increasingly ago. We’re approaching it stronger. persons. he said, promising they appliances side, Mr Schae- competitive niche, a notion with renewed enthusiasm.” “I’d like to think our Looking back on the past were “coming in droves, fer said sales were “up Mr Schaefer was at pains Mr Schaefer’s woes have relationship will become year, the Robin Hood prin- and that will continue”. about 250 per cent from to dispel. also included a very public stronger. Leslie and I are cipal acknowledged: “Did Mr Schaefer said that, last month, and we’ve not “The bottom line is our brush with Bahamas Cus- two strong personalities, I get the s*** kicked out of roadworks permitting, begun to scratch the sur- sales are up double from toms, and being singled out and there are occasions me? Yes, I did. Did I get Robin Hood would seek to face with what we’re going where they were four-five for criticism by Prime Min- when the other guy has to knocked on my backside, re-open its Prince Charles to do with that. weeks ago,” he told Tri- ister Hubert Ingraham no give in or there is some absolutely. Did I deserve Drive store this November- “We’ve got container bune Business of the Sum- less. Tribune Business was compromise. At the end of it? Maybe a bit. But, philo- December, adding that he loads of goods coming in merwinds Plaza store, also told that, in recent the day, I consider Leslie sophically, good comes out had not given up on plans left and right, and people adding that he had effec- times, the retail entrepre- to be one of my best of bad. to construct a 44,000 square we’ll be very pleased with tively returned to his roots neur has also become friends.” “You ain’t seen nothing foot shopping centre at the what we’re going to do. when establishing Robin embroiled in a dispute with Mr Schaefer also told yet. You wait until we’re same site. Just give us a couple of Hood in the Bahamas in his landlord, Mr Miller, Tribune Business that, with firing on all 12 cylinders. “It will become the retail months. I’m back with a 1999. relating to rent. the proposed City Markets Of the 12 cylinders, right centre out east, and it needs passion, not a vengeance.” “The bottom line is that While not confirming the deal a thing of the past, he now we’re firing on five or I’m back to doing every- cause of the dispute, Mr had been able to turn his six. In three months, we’ll thing myself,” Mr Schaefer Schaefer acknowledged full attention to the busi- be firing on all 12. We’re said. “I sign every cheque; that the two had endured ness’s operations once not back yet, but we’re def- do every purchase. I’m recent disagreements. again. He added that sev- initely coming back, like back to doing what I did 10 “Like in all relationships, eral instances of external the phoenix rising from the years ago. I’m buying direct which have their ups and and internal theft had been ashes.”

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THE TRIBUNE MONDAY, JULY 18, 2011, PAGE 5B Bahamas ‘doingBUSINESS well’ in money laundering fight

By NATARIO McKENZIE may say they are even higher than the regulates bank based on their findings, Business Reporter big jurisdictions like the United States, we have a sound financial services reg- Canada and the United Kingdom, who ulatory regime in the Bahamas,” Mr THE Bahamas is doing “very well” are really members of the Financial Thompson said. in terms of anti-money laundering Action Task Force, the body that set While noting that the FATCA issue compliance, Compliance Commission up the standards,” Mr Thompson told is not under the remit of the Compli- Inspector Stephen Thompson said yes- Tribune Business yesterday. ance Commission Mr Thompson not- terday, arguing that this nation has a “That’s why I take exception when ed: “There is a requirement for finan- sound financial regulatory system. people suggest that we are not doing cial institutions to maintain account- “In terms of the regulatory structure well.” ing records and you cannot get away in the Bahamas, I believe the regula- Mr Thompson said the Bahamas is from that. tors are on top of the financial institu- doing well in terms of its ratings. “That is a standard that is very high, tions which fall within remit, and I “Some of our ratings are even better and it’s only going to get stronger, so believe that we have a sound financial than some of those jurisdictions, and so it’s good that they are talking about it services regulatory system. The from that standpoint I would say that now because it’s a requirement that’s requirements are high. In fact, some particularly the Central Bank, which going to be global.” Bill overrides to Hawksbill Creek ‘will not survive’ FROM page one in the new Bill might be an amendment to the Hawks- might attempt to override attempt to override, or cut bill Creek Agreement will, I the Agreement was “a valid across, previous court rul- think, not survive a chal- question”, and was some- Creek Agreement, which ings on Customs’ powers to lenge in the courts. thing that needed to be provides the very founda- audit GBPA licencees. “The Hawksbill Creek delved into via consultation. tion for Freeport’s existence. The businessman quoted a Agreement is sacrosanct. Mr Turnquest, the Grand There are signs that the previous Tribune report on The licencees and the Port Bahama Chamber presi- Customs Management Bill the Bill, which said: "Cus- Authority have constitu- dent, told Tribune Business could indeed have implica- toms will also undertake tionally-enshrined protec- in a previous interview: “I’m tions for the Port area, given post-release verification and tion of their rights under the surprised they would have that both Mr Smith and audits of released goods, constitution, and no amount gone through with the Act Grand Bahama Chamber of such as those deemed duty- of twisting and turning, and [Customs Management Bill] Commerce president, K P free, to inspect whether or manipulation and pressure, without allowing us to have Turnquest, were both invit- not the goods were used for by either the PLP or the a look at it, but I don’t ed to serve as private sector their conditional purposes.” FNM is going to take away know how these things are representatives on the com- This, they suggested, the rights of licencees, resi- done. mittee dealing with the leg- could conflict with the dents and the Port Authori- “We would have loved to islation - a committee that Supreme Court verdict won ty.” have an opportunity to look never met. by Mr Smith on behalf of Mr Smith added: “I am at the Bill and comment on Nerves are on edge in his client, UNEXSO, which sympathetic, and appreciate it, and see what provisions in many quarters in the severely constrained Cus- the need to modernise and there might affect us direct- Bahamas’ second city, giv- toms’ ability to conduct snap enforce tax collection stric- ly with respect to the en the recent battles with audits of GBPA licencees tures and procedures. But, Hawksbill Creek Agree- Customs over demands that without good cause. in reforming, it is obviously ment, but without the bene- GBPA licencees both sub- Speaking to Tribune Busi- desirable to take into fit of that understanding I mit monthly reports on ness, Mr Smith said: “Cer- account various constituen- don’t know how to respond ‘bonded’ goods sales, and tainly, to the extent that this cies, and the Freeport con- to it.” that they also produce new Act may have embed- stituency is not one that can National Insurance Board ded little timebombs to simply be ignored.” (NIB) ‘letters of good stand- destroy the Hawksbill Creek One man who has seen ing’ to ensure their annual Agreement, the licencees in the Bill, PLP MP Ryan Pin- ‘Bond letters’ are renewed. Freeport will certainly chal- der, said there appeared to One Freeport-based busi- lenge it. be no provisions specifically nessman, who requested “The Hawksbill Creek identifying Freeport. He anonymity, told Tribune Agreement cannot be added: “I don’t think this Business that one aspect of amended by one party, the type of legislation takes the second reading presen- Government passing legis- precedence over the Hawks- tation by Zhivargo Laing, lation. Whatever may be in bill Creek Agreement.” minister of state for finance, the Act that purports, by the He agreed, though, that hinted that some provisions sidedoor, to slip in some the issue of whether the Bill CONSTRUCTION SECTOR ‘VALUE

ADDED PLUMMETEDnal terms by $94 million or Services23.5%’ inflows increased in FROM page one more than one percentage line with a rise in net tourism point, from 11 per cent to 9.9 receipts. were not repeated in 2010, per cent, while the trade “Lower net transportation public inflows contracted deficit fell by 20.6 per cent outflows, partly linked to sharply.” as a result of higher tourism higher port fees and reduced However, private sector receipts boosting the services outflows for government ser- loan financing created a net account. vices, also contributed to the $115.4 million inflow in 2010, Meanwhile, ECLAC surplus, while limiting fac- following the net outflows added: “In a significant turn- tors were increased net pay- experienced in 2009. around from the 5.4 per cent ments for insurance services “Net foreign direct invest- decline in 2009, the services and reduced net receipts due ment inflows were up by 31.1 account surplus expanded by to offshore companies’ local per cent to $870.6 million, a 5.5 per cent to $1.138 billion. expenses.” substantial turnaround from the sharp decline in 2009,” ECLAC’s report said. “Nev- ertheless, foreign direct investment was driven by inflows for the Baha Mar project and the one-off trans- EFFICIENT,Dependable Stylish. action involving a foreign entity’s capitalisation of a domestic bank. Indeed, land purchases were down, reflecting a sluggish second home market.” WASHERS: Elsewhere, increases prof- it and interest repatriations GTWP1000 $920 Cash $690 by Bahamas-based compa- GTWP2000 $984 Cash $738 nies, coupled with worker remittance payments, caused GCWN3000 $1064 Cash $798 the income account deficit to widen by 28 per cent or $55.2 million. DRYERS: ECLAC added that the GTDX200E $780 Cash $585 Bahamas’ current account deficit was forecast to widen GTDP200E $850 Cash $680 to 15 per cent of gross domestic product (GDP) in DRSR495E $980 Cash $735 2011, driven by the increases GTDX300G $1000 Cash $750 in global oil prices, rising lev- els of imports and equipment (Gas) brought in for projects such as Baha Mar. It added that this would only be partially offset by improved tourism receipts. Sales & Full Service Department, Rosetta & Montgomery Streets | T: 322-2188/9 In 2010, the current E: [email protected] | www.geoffreyjonesandco.com account contracted in nomi-

PAGE 8B, MONDAY, JULY 18, 2011 THE TRIBUNE BUSINESS Gov’t ‘reckless’ on Customs Bill international trade, given have these types of dealing with intellectual sultation. This is a worry- get done before the elec- FROM page one that a primary reason for reforms proposed without property rights, and the ing trend with this govern- tion, but things are hap- passing the Customs Man- consultation with the pri- ability of Customs to seize ment - to have virtually no pening that, in my opin- the Bill before it came to agement Bill was to fulfill vate sector is reckless.” and confiscate goods,” Mr consultation prior to ion, are sloppy,” Mr Pin- Parliament never met. this nation’s obligations The Opposition MP con- Pinder said. debating and passing the der told Tribune Business. Mr Pinder acknowl- under the Economic Part- trasted the Government’s “It gives Customs a lot legislation, so as to make “The primary motiva- edged that the Bill had not nership Agreement (EPA) approach now with that of authority, and that is sure reasonable recom- tion for this Bill, in my gone forward to the Sen- and World Trade Organi- taken on “another highly new to the jurisdiction. mendations are incorpo- opinion, was to prepare ate yet, but he questioned sation (WTO) member- technical Bill”, the Secu- Certainly, these provisions rated in the Bill before- for the EPA and WTO. why the Government had ship. rities Industry Act. should have been dis- hand rather than after.” “That’s all well and indicated only now that it “We’re very concerned,” Prior to bringing this to cussed beforehand with Mr Pinder said one con- good, but you can’t throw wanted to obtain feedback Mr Pinder told Tribune Parliament, the Govern- the private sector.” cern was a provision in the this stuff out there with- and recommendations on Business of the PLP’s ment arranged for the Bill that defined the scope out consultation with the legislation, rather than position on the way the Securities Commission and of powers given to Cus- industry. We’re having leg- doing this upfront before Customs Management Bill Ministry of Finance to Mechanisms toms officers. It allows islation forced down our had been handled. brief all MPs and Senators, them to seize/confiscate throats. the second House of Describing intellectual “We were extremely but this was not done for imported goods when Assembly reading. property rights as “a new concerned for a number of the Customs Management “presented with a danger- A key member of the form of enforcement in reasons. Bill. ous situation”. Revisions PLP’s committee on for- the Bahamas”, he added: “There was no private Describing this piece of This, he explained, gave eign affairs and trade, Mr “The merchants that are “We’re doing funda- sector consultation, and as legislation as “highly tech- rise to questions of how a Pinder also urged the importing goods need to mental revisions to our a country that depends so nical and very robust”, Mr “dangerous situation” was Government to “tell the know the scope of the law laws in the Bahamas to much on imports in the Pinder said he had read to be defined. The PLP full story” of what the and enforcement mecha- accommodate that, but it private sector, retail and the full 350-page Bill. “We MP said this also appeared Bahamas was doing on nisms, so they can adjust doesn’t make sense, and I wholesale businesses, to have brand new provisions to take Customs officers their business according- certainly think the Gov- outside their normal ly.” ernment owes an explana- purview of dealing with Referring to the Home tion to the Bahamian busi- imports and exports. Fabrics retail business that ness community. I am Arguing that the Bill his family owns and oper- advocate for trade, but was “just sloppily draft- ates, and which imports doing it in the right way.” ed”, with several section most of its products from Mr Pinder urged the numbers incorrect in abroad, the Elizabeth MP Ingraham administration cross-referencing, Mr Pin- said: “I can tell you that to provide an update on der said the Government from the business point of where the Bahamas stood appeared to be rushing to view I was rather disap- in fulfilling its EPA oblig- complete its legislative pointed in the Govern- ations and in the WTO agenda prior to the ment over the method accession process. upcoming general election. through which they Referring to previous “It seems they’re forc- pushed this through. Tribune Business articles, ing legislation down our “I think it’s [the Bill] in which detailed how the throats in preparation for the Senate, but the Gov- Bahamas had no repre- closing the legislative ses- ernment said they would sentative at the first EU- sion. not bring it into force until CARIFORUM Council “Certain things need to they have had some con- meeting on the EPA, Mr Pinder questioned why this nation was “not show- ing up to meetings”. Share your news He also questioned The Tribune wants to hear where the Bahamas was from people who are on its EPA services offer, making news in their and said: “Where are we? neighbourhoods. Perhaps Tell us everything that is you are raising funds for a going on. I am told that good cause, campaigning the CARIFORUM coun- for improvements in the tries are upset that the area or have won an Bahamas appears to be award. negotiating on its own, If so, call us on 322-1986 when this is a regional and share your story. partnership.”

THE TRIBUNE MONDAY, JULY 18, 2011, PAGE 9B BUSINESS FROM page one presence of their employees that the moves in regard to on the DNP Board, both both Mr Fields and Mr KERZNER PR CHIEF TO TAKE ON BAY STREET PROJECT BRIEF could be able to influence the Roberts were an attempt to - potential candidates, only to Explaining that Mr Fields Several observers, though, tor in helping the Paradise development of what might “balance off the big compa- abruptly change tack and split would be detailed with “a questioned to Tribune Busi- Island resort survive the be considered a competitor nies through Board member- the post’s roles up between portfolio in terms of develop- ness on Friday whether there recession. project, in addition to receiv- ship for both of them”. individuals. ing certain projects down- might be the perception of a That, though, has left fewer ing inside information on its “There is keen interest It is understood that a for- town”, the source confirmed potential ‘conflict of interest’ cruise ship passengers to progress. from all parties to make sure mal press release is set to be that the DNP was “not replac- between Mr Fields’ - and, patronise Bay Street. And, However, a source close to the city is moving in the issued on these moves immi- ing the post of chief execu- also, Mr Roberts’ - imminent with Baha Mar also set to be the DNP dismissed such ‘con- right direction,” the source nently, but Tribune Business tive [managing director]”. roles with the DNP and their in the market for cruise pas- flict of interest’ concerns, said. contacts close to the situation When Tribune Business respective positions at Kerzn- sengers and planning similar telling Tribune Business: Among the DNP’s project confirmed that Mr Fields had attempted to contact Mr er International and Baha facilities and attractions to the “That’s not an issue. They priorities are the conversion offered his services “pro Fields for comment on Fri- Mar. Marina Village, it is possible [the DNP] knew this issue of the current Straw Market bono” - meaning, essentially, day, it was told that he was They argued that, if down- the city could soon become a would arise, but that is not tent site into an open, green he would not be seeking “in a meeting with Sol Kerzn- town Nassau and Bay Street ‘distant third’ in this market. happening, bearing in mind space as soon as the vendors financial compensation. er”. The call was not returned, are to be revitalised in accor- While Kerzner and Baha there are 11 Board members.” move into their purpose-built Confirming that Mr Fields and nor was an e-mail mes- dance with the vision already Mar’s interest in Bay Street’s However, they suggested building. had to “get the blessing” of sage sent directly to Mr outlined, the city could redevelopment is under- Kerzner International prior Fields’ address. However, become a direct competitor standable, especially given to offering for the DNP role, another Kerzner Internation- to Atlantis, in particular its that the former’s stopovers one source said he would be al executive admitted they Marina Village facilities. That have to pass through it to and focused on specific projects, had “heard a rumour” about complex has attracted numer- from Paradise Island, several such as landscaping, that were Mr Fields taking up such a ous cruise visitors in recent observers suggested there was key to downtown Nassau’s role with the DNP. years, and has been a big fac- a perception that, through the revival. OBAMA PICKS EX-OHIO AG TO LEAD CONSUMER AGENCY WASHINGTON tion. cripple this consumer bureau Associated Press The financial industry lined will think again and remem- up against Warren. Bankers ber that the financial crisis — PRESIDENT Barack Obama intends to said a Warren-run agency and the recession and job loss- nominate former Ohio Attorney General would restrict new products es that it sparked — began one Richard Cordray to lead a new consumer just when companies are seek- lousy mortgage at a time," financial protection bureau that was a cen- ing to replace profits squeezed Warren said in a statement tral feature of a law that overhauled bank- by the new financial rules. Sunday. ing regulations. Republicans immediately But Sen. Richard Shelby of Democratic Rep. Barney threatened to block his Senate confirma- Alabama, the top Republican Frank, who shepherded the tion. on the Senate Committee on financial regulation bill Obama plans to announce the nomina- Banking, Housing and Urban through the House of Repre- tion formally on Monday, the White House Affairs, said Republicans sentatives last year as the said in a statement Sunday. would block Cordray as well chairman of the House Finan- In choosing Cordray, Obama bypassed unless Obama seeks changes cial Services Committee, said Elizabeth Warren, a favourite of Democ- in the agency. he regretted that Warren had ratic liberals and consumer groups, who has "Until President Obama "fallen victim to such wholly been assembling the agency as a special addresses our concerns by sup- unjustified political attacks." adviser to the White House and to Treasury porting a few reasonable struc- But Frank praised Cordray Secretary Timothy Geithner. tural changes, we will not con- and said, "There is no excuse Cordray, 52, is considered a Warren ally firm anyone to lead it," Shelby RICHARD CORDRAY. (AP) for Senate Republicans to and has been working with her as director of said. "No accountability, no refuse to confirm Richard Cor- enforcement for the agency. confirmation." dray given his clear qualifica- "He will make a stellar director," Warren Republicans fought fiercely against the tions for this job." said of Cordray. creation of the bureau last year. In May, The liberal Progressive Change Cam- The agency will officially begin its over- all Senate Republicans joined in a letter to paign Committee, which had backed War- sight and regulatory work on July 21. Its Obama threatening to withhold their sup- ren, issued a statement supporting Cordray. role is to be a government watchdog over port for any nominee to the position if the "With her track record of standing up to mortgages, credit cards and other forms of White House didn't seek significant changes Wall Street and fighting for consumers, lending. to the agency. Elizabeth Warren was the best qualified to "Richard Cordray has spent his career Among the changes would be to replace lead this bureau that she conceived — and advocating for middle-class families, from a single director with a board and to make we imagine Richard Cordray would agree," his tenure as Ohio's attorney general, to the bureau's finances subject to congres- said the committee's co-founder, Stephanie his most recent role as heading up the sional approval. Taylor. "That said, Rich Cordray has been enforcement division at the CFPB and look- Though Democrats control the Senate, a strong ally of Elizabeth Warren's and we ing out for ordinary people in our financial Republicans could block the appointment hope he will continue her legacy of holding system," Obama said in a statement. through a filibuster — a legislative maneu- Wall Street accountable." Warren, who is considered the architect ver that would require 60 votes to bring the But consumer advocate and one-time of the consumer bureau, faced stiff Repub- nomination to the Senate floor for a final presidential candidate Ralph Nader called lican opposition in the Senate and would vote. bypassing Warren "an act of political cow- have had a difficult time wining confirma- "I remain hopeful that those who want to ardliness by President Obama." (03/2<0(17 23325781,7<

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THE TRIBUNE MONDAY, JULY 18, 2011, PAGE 11B INSIGHT

PROTECTINGFROM page 12B depositsBAHAMIAN increase and the BANKINGremove moral hazard. SYSTEM They 1848 in the UK.FROM Then, your NEXTBahamas willGLOBAL need to call mentCOLLAPSE bought back B$631, money supply increases. But, are merely trying further to cheque account deposits will upon the IMF to bail it out. 833,000 of those securities for that a depositor puts money the amount of ‘cash’ available mitigate moral hazard. once more belong to you. It The Bahamas could then cash, the banks would then into a cheque account, title to meet the now increased Both risk and moral hazard will be your money – not the withdraw from the IMF. Not hold B$1,205,033,000 in transfers from the depositor to claims doesn’t increase. No arise from the UK court deci- bank’s money. Banks will many are aware that under deposits for depositors and the bank. bank holds enough cash to sions of 1811 and 1848. If you then have a fiduciary respon- the rules of the IMF members B$1,205,033,000 in cash. From that instant, the bank meet all withdrawals at the want your deposits in the sibility to you. They will not may not back their currencies Bahamian banks would actually owns the money and same time. When a ‘rush’ Bahamian banking system to be able to lend your money. with gold. then be 100 per cent free from can do with it as it sees fit. occurs, banks look to ‘lenders be safe, to be protected from Only you can do that. 3. The Bahamas could risk and 100 per cent free From that instant depositors of last resort’ to bail them out. the next banking and mone- You will, of course, have to return to the gold standard if from moral hazard? They became no more than unse- The quality of ‘collateral’ tary collapse, both risk and pay for the services of stor- it so wished. would be fully safe, whatever cured creditors of banks and held by many banks in the US moral hazard must be ing and distributing your As a result, the Bahamian happened to the banking sys- secured creditors now have today remains suspect. Many removed from the Bahamian money. Storing your money currency could become in tem of the rest of the world. first claim on the money in banks continue to hold ‘toxic’ banking system. has never been free. You demand as a reserve currency In addition, The govern- your cheque account! assets in the form of fore- This will require a change have paid for it through infla- – it certainly would be sought ment would save $30 million Did you know that the closed mortgages at their orig- of law which returns title of tion. As I hope I have as a ‘safe haven’. The finan- per year on interest costs and money in your check account inal loan value. They have not their deposits to Bahamian demonstrated, the largest pro- cial services sector would the banking sector would is not yours? Did you know been required ‘to mark to depositors. Ownership of the ducer of inflation is, in fact, boom. Investment in the increase its profits by $33 mil- that secured creditors of your market’. They can afford to money in your cheque the onward lending of depos- Bahamas would increase sig- lion. bank have first claim on your continue to hold them account must be returned to itors’ funds. That will stop. nificantly. deposits? Did you realize that because the Federal Reserve you. The only inflation produced Other currencies will con- In summary: banks are gambling with your lends them money at the rate 5. The prospects for the US after that will be from gov- tinue to depreciate. The 1. The world banking sys- budget money? of 0.0025 per cent whilst dollar are not looking good. ernment printing of money. Bahamian dollar will not. tem is likely to suffer a much Since those dates, banks banks lend it to the govern- The Federal Reserve Bank The current rate of infla- • The price of all imports larger collapse than that of themselves have owned all the ment at 3.5 per cent. These continues to print money to tion is in excess of 3 per cent will decrease. The price of 2007/2008. Therefore, we money in them. It is not your two combined, have hidden support government over- per annum. No bank will foodstuffs, gasoline, medicines ought to take the necessary money anymore. The banks the real state of too many spending. The effects of the charge you that to store your and other basics will fall and steps now to strengthen the can do what they want with American banks for too long. money already printed have money for you. Most likely, wages will purchase more. Bahamian banking system. it. 2. The system of Central not yet fully worked them- you will be paying 1 per cent Everyone will feel better – as 2. The banking system The money-lending opera- Banks as lenders of last resort selves through into wages and or less. if they have had a wage needs to be fully protected tion of banks is no longer a has failed. prices. You are currently paying increase. because we use it to store our fraud – legally. Banks used to depend The money-supply thus distribution fees. That will • Existing foreign currency money – the money we set But, the mechanism has upon Central Banks as continues to increase and, as continue. debt would be repayable with aside to meet our family and not changed and thus still pro- lenders of last resort to bail banks begin to lend once Banks will not be able to fewer and fewer Bahamian our business budgets. We duces the same misrepresen- them out in the event of a again, the rate of increase will lend your deposits. They will dollars. need it stored safely – both tation. rush. In 2007/2008 the Cen- accelerate enormously. The need to set up funds in which • Exports will become free from theft and free from Misrepresentation is a fun- tral Banks alone couldn’t do it value of the US dollar will you may buy shares or units. more expensive – and that loss of purchasing power. damental part of the onward and the taxpayers had to bail then plummet to new and These funds will then make includes the costs to tourists. 3. We can and should lending of depositors' funds. them out. unprecedented lows. investments. They will invest Tourism will need to focus strengthen and protect the Here is the root cause of Bankers have always lent Do we want the Bahamian the money you transfer to more and more on higher- Bahamian banking system by both risk and moral hazard in to their point of imprudence dollar to plummet as well? I them when you buy shares or income tourism. They will passing new legislation which the banking system. It is this in pursuit of maximum profit. certainly hope not. The cost units. Instead of the banks demand better services and returns title of their deposits root cause we must attack to This pursuit first destroyed of living will skyrocket. The investing their money, you thus we will have to train our to depositors and liquidating make banks completely safe. the gold standard. Then it social and economic conse- will be investing yours. workforce accordingly. Cana- sufficient bank investments to What are some of the most destroyed the Central Bank quences are unthinkable. You will be entitled to da had to make similar adjust- ensure that banks hold suffi- serious side-effects of the standard. Now they are If we wish to protect the your share of the investment ments when its currency cient ‘cash’ to return every onward lending of depositors’ dependent upon taxpayers. Bahamian dollar, I believe we profits that banks have been jumped 50 per cent rather deposit simultaneously. funds by the banks? But, taxpayers are in revolt. have little choice but to sever making and keeping for them- abruptly. 4. The Bahamian dollar is 1. All of the money in the Will they continue to bail out our present ties to the US dol- selves. The alternate is less appe- currently tied to the US dol- banks belongs to the banks – banks? I think not. I hope lar. Your money will come out tizing. The thought of remain- lar. The US dollar has been not to depositors. not. To make our banking and of your cheque account and ing tied to the US dollar and falling in value and, as a That gives bankers enor- 3. The world is awash with monetary system completely enter the cheque account of allowing the Bahamian dol- result, so too has the Bahami- mous power. If you or your debt. safe, the Bahamian govern- the fund in which you invest- lar to join the US dollar as it an dollar. I believe the US business needs money, banks Yet, there is a hue and cry ment must also enact new leg- ed. Total deposits will not heads toward oblivion is very dollar is set to fall precipi- can provide it – but, on their to ‘get banks to lend again’. islation. change. Under the new legis- frightening indeed. tously. Do we wish to allow terms. If you don’t meet their We don’t need more debt. To make the UK banks lation, each bank will be After having enacting the the Bahamian dollar also to criteria you have no access to The last thing we need is safe, Lord Caithness put a Bill required to maintain its own required legislation, there will fall precipitously? I do not. it. more debt. What we need is (that I had had drafted) into cheque account. Then, when still be an imbalance that will I hope you too, do not. I 2. One of their criteria is more investment. Equity the House of Lords on Janu- you pay bank fees, that pay- need to be addressed. At the hope the government does that you must already have investment can get the econ- ary 30, 2008. That Bill was ment will leave your account moment of conversion of the not. sufficient other assets to repay omy moving again without not enacted and expired at and enter the account of the Bahamian banking system, 5. The Bahamas can with- any money borrowed easily, if the drag of repayments. the end of the last parliament. bank. the banks will still not have draw from the IMF. necessary. Those without suf- Repayments take capital back Had it been enacted and Total deposits will not sufficient cash to meet with- 6. The Bahamas could ficient assets (the poor) are out of a company limiting its thus become law, the UK change. The Bahamian dol- drawal. return to the gold standard. thus excluded from access to ability to grow and employ banks would not have failed. lar will not be being debased We in the Bahamas are 7. Economic growth could the bulk of the money-sup- more people. Contrary to In the new UK parliament, and the money supply will be very fortunate because the then continue in the Bahamas ply. popular belief, banks do not a new Bill has already been able to be accurately mea- Central Bank of the Bahamas regardless of the state of the That’s enough history. provide capital. They provide introduced to the House of sured and controlled. has been very careful in its rest of the world. What is the position today? debt and debt is a burden. Commons to return title to Once the government has supervision of banks here, All of the above is achiev- 1. No banks hold enough Capital is not a burden. Cap- depositors and the Earl of enacted this new legislation and this shortage of ‘cash’ can able if we can encourage the ‘cash’ to meet all withdrawals ital is an asset. Caithness is ready to intro- and banks may no longer lend be easily resolved. government to pass legisla- simultaneously. 4. The authorities are not duce another Bill (to return depositors' funds, there can At the end of last year, the tion to return title of their In 2007/2008 the Western trying to remove risk from the title to the depositors) to the be no inflation in the Bahami- banks had deposits of deposits to depositors. banking and monetary system banking system. Bankers are House of Lords following a an banking system and mon- B$1,205,033,000 in cheque Once this is accomplished faced massive collapse. Why? too powerful – they control debate on the banking sys- etary system unless the central accounts. They held cash of and the banks are fully pro- For the same reason the gold access to all the money and tem. bank prints new money. B$113,117,000 plus deposits tected, we will still have to system collapsed. Every time they provide governments This new Bill will make a with the Central bank of remain vigilant and pro-active banks issue new loans, they with the loans with which gov- good template for legislation What this means B$518,706,000. This left them to ensure that an open and create new money. Today ernments buy voters. The in the Bahamas. 1. The Bahamian banking short by B$631,833,000. free market is developed and money is a digital authorities are not trying to Passage of a Bahamian Bill system will then become the Banks also hold maintained. figure. Banks credit the bor- remove risk. They are merely to return title to depositors strongest banking system in B$1,093,244 of Treasuries and This is a necessary pre- rower’s account with the trying further to mitigate risk will reverse in the Bahamas the world. other Bahamian Government condition for all the remain- amount of the loan. The total in the banking system as it is. the effects of those mistaken 2. There will be no circum- securities. ing economic benefits to They are not trying to judgments made in 1811 and stances under which the If the Bahamian Govern- occur.

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THE STORIES BEHIND THE NEWS MONDAY, JULY 18, 2011

ECONOMIST SPEAKS AT THE NASSAU INSTITUTE

CANADIAN JOHN TOMLINSON is pictured speaking at the Nassau Institute. Mr Tomlinson is an Oxford based econo- mist who spent years studying the effect of debt on the economies of developed and less developed countries. A Bill he drafted mandating fundamental changes to the UK bank- By JOHN TOMLINSON massively larger and more as the most accurate and useful on the shelves of their gold- ing system was introduced in the House of Lords by The Earl From a speech delivered severe. product or commodity to use. smith found it very convenient of Caithness in 2008, and he has just submitted testimony to the Nassau Institute Can we protect our banks 1. It did not deteriorate over and believed it to be secure. to the Independent Commission on Banking set up by British and our deposits? Yes, I believe time. The practice grew. Prime Minister David Cameron. WITH the current threats so. 2. It is homogeneous. There- A shelf in those days was to the state of world economies: Before we attempt to look at fore, it can easily be divided known as a ‘bank’. The gold- • Sovereign debt at levels solutions, however, I would like into smaller portions of equal smiths who stored gold for oth- ing to be circumspect and ber of gold coins already print- unprecedented, briefly to review the history of purity and used for exchanges ers eventually became known extremely prudent. This was ed on it. • Governments unable or money and banking so that we of smaller exchange value. as ‘bankers’ and their business- the beginning of the need to In the belief that these pre- unwilling to deal with levels of may better understand what 3. It is scarce. Therefore it es as ‘banks’. maintain confidence in banks. printed receipts were fully expenditure, needs to be done. takes a great deal of human As their businesses grew and Of course, the reason it backed and freely exchange- • Taxpayers beginning to energy to find and refine. more and more people stored became necessary to maintain able for gold, people soon revolt, Historical Perspective I n most matters gold has the their coins with them and their confidence in banks was that, began to trade these receipts • Gold at an all-time high, God did not create attributes of a successful medi- shelves became fuller and upon examination, there was rather than the gold itself. and money. Man did. Money is not um of exchange. That is why fuller, bankers soon noticed absolutely no reason whatso- Of course, banks soon began • Highly destructive natural some God-given inexplicable gold lasted for centuries as the that, as people brought new ever to be confident. The to lend their paper notes as well disasters on the increase, who entity over which we have no most trusted and most accurate coins for storage and others banks were misrepresenting the as gold coins and when the knows what event is going to control. Man created money “money”. withdrew their coins or issued amount of gold they had on recipient deposited the paper trigger the next collapse? We in response to having settled Security was another thing cheques which the bankers hon- their shelves and for which they notes in the bank, the bank can only be confident that on the land and making human altogether. If you had one gold oured by giving coins to the had issued receipts. would issue them with a receipt something will. beings dependent on exchange coin, you could carry it with payee, only the first few rows of What fraud? What misrep- for the paper money. Thus, When it does, we can also be for survival. If there are prob- you and sleep with it and pro- coins moved. Some came and resentation? You may well ask. banks would have issued three confident that American Banks lems with money we can and tect it. Ten got a bit lumpy! some went from these first few Well, the person who received receipts against the original will, once more, be found to be must sort it out ourselves. One hundred became down- rows but the coins at the back the borrowed gold coin would gold coin deposited. The fraud wanting. One of the requirements for right uncomfortable. remained on the shelves and have bought something with it became larger. Today there are They remain holding massive any fair market is an accurate Even for one hundred gold did not move. and the seller would have few limits to the amount of mis- levels of sovereign debt. measure of exchange value. We coins, it might not have been received the borrowed gold representation that is permit- Massive levels of toxic mort- need to know what the fair val- practical to build a strong room coin in the exchange. The seller ted. From the day the first gages still remain on their ue of the product of our own or a strong box. People began Coins would have lodged this “bor- banker loaned the first of his books. A new avalanche of expenditure of energy is com- to consider where to store their Bankers, driven by their own rowed” gold coin with the bank depositors’ gold coins, it was foreclosures is heading in their pared to the fair value of the gold coins safely. for safekeeping. The seller impossible to reconcile the total direction. product of someone else’s ener- Goldsmiths had sufficient greed, soon began to take some of the gold coins which sat at would then have received a new of all receipts issued with the In Europe, Greece approach- gy. stocks of gold to be able to receipt for the “borrowed” gold amount of gold available to es another bail-out, Portugal is afford to build a strong room. the back and loaned them to earn themselves ‘usury’ or coin. But, the original deposi- honour them. The gold-backed receiving one and other coun- They stored their gold on tor would also still have his monetary system was finally tries are on “watch.” Barter shelves in their strong rooms. ‘interest ’as we call it today. They reasoned that no-one receipt for the same gold coin. destroyed by this impossibility. The world is awash with Some of them had extra space Thus, the banker would have At each stage in this destruc- debt: sovereign debt, corporate In the first instance we on their shelves. Some people would be the wiser and that judged through barter. Barter, they could return them before issued two receipts against the tive process, gold itself was debt and personal debt are each began to store their gold on the same gold coin. blamed by the bankers for at record and barely manage- of course, didn’t work for every shelves of their local goldsmith the people to whom they exchange and the need soon belonged might notice or claim That is a clear misrepresen- being too restrictive on their able levels. and goldsmiths would charge tation, and a clear fraud. ability to lend. The reality was No banking system is cur- arose for a commonly accepted them a storage fee. them back. medium of exchange. Accuracy The bankers who did this As the volume of deposits that banks were too busy pro- rently risk free. That includes The goldsmith would give increased, bankers began to ducing fraudulent receipts pur- the Bahamian banking system. of the measurement of each person who stored gold knew full well that what they exchange value was – and were doing was wrong, fraudu- issue standard receipts. They porting to represent more gold Although it, along with Canada, with them a receipt for the would pre-print a number of than the banks or even Fort managed to survive the down- remains – the key to fair amount of gold stored and a lent and illegal. They also knew exchanges. that, if this treachery were to receipts for, perhaps one, two, Knox actually held. turn of 2007/2008 reasonably form, upon which they would or three gold coins payable to In 1811 and 1848, two judi- well, as the Bahamian banking Many products were tried. accept instructions to deliver be discovered, they would no Some deteriorated over time longer be trusted to store other the bearer. When one or more cial decisions in the UK legit- system is currently structured, it that gold, or part of it, to some- gold coins was deposited, imized this fraudulent practice too, is subject to failure. The and their exchange value dimin- one else. Today, we call that people’s gold. ished. Therefore they developed bankers would give the depos- by determining that the instant next international banking col- form a cheque. itor one of these pre-printed lapse, however, is likely to be Eventually gold became Those who stored their gold the practice of always behav- SEE page 11B accepted throughout the world ing impeccably; always appear- receipts with the precise num-

THE TRIBUNE • SECTION E MONDAY, JULY 18, 2011 INSIDETRAK CAC Athletics Championships, Puerto Rico... JAPAN WINS 1ST WORLD CUP TITLE IN SHOOTOUT The ‘gold rush’

By RENALDO DORSETT Sports Reporter [email protected] Bahamas he final day of the XXIII Senior CAC Track and Field Championships produced a gold rush for finishes theT Bahamas as the team more than TURN TO 5E... doubled its medal count. The Bahamas finished with a total of 10 medals, including five golds, all won during the final day of com- with 10 FLAG petition yesterday at the meet in Mayaguez, Puerto Rico. FOOTBALL Bianca Stuart won the first gold for the Bahamas at the meet with a medals, leap of 6.81 to win the women's long A BLAST AT jump. She tied the CAC Champi- onship record previously set by Elva ‘DARLING Goulbourne of Jamaica in 2003. Stuart's closest competitor, Aran- including txa King of Bermuda, jumped 6.47m FAMILY DAY’ for silver and Yvone Trevino of the Mexico was third with 6.30m. TURN TO 2E... Stuart opened with fouls on her five golds first two attempts and let 6.38m on her third attempt to take first place. The 200m proved to be the most BAHAMAS successful event for the Bahamas as it netted three medals for the team, Mathieu took heat one in 20.64s, including two goals. while Pinder won heat four in 20.70s. FALLS TO In the women's event, Nivea The men's 1600m relay team end- Smith took the gold medal in 23.18s ed competition on the track with yet MEXICO IN followed by Anthonique Strachan another gold medal for the to give the Bahamas a 1-2 finish in Bahamas. The team of Latoy 23.29s. Anastacia Leroy of Jamaica Williams, Avard Moncur, Mathieu BRONZE- was third in 23.43s. and Miller finished in 3:01.33s. Both runners easily advanced to Trinidad and Tobago finished sec- MEDAL GAME the final by winning their respective ond in 3:01.65s while Jamaica was heats. Smith took heat one in 23.18s, third in 3:02.00s. TURN TO 3E... while Strachan followed to win heat Trevor Barry also took first place three in 23.29s. in the men's high jump. Other events In the men's event, despite the on day three included the women's ON HIS 20TH disappointment of Demetrius Pin- 100mH final, where the Bahamas der out of the event, Michael Math- fielded a pair of sprinters, Ivanique Kemp who finished sixth in 13.37s ieu ran to a gold medal finish in GOLDEN OPPORTUNITY: Bianca Stuart competes in the long jump finals during the TRY, CLARKE while Petra McDonald was eighth 20.60s. Rondell Sorillo of Trinidad Central American and Caribbean Athletics Championship in Mayaguez, Puerto Rico, in 13.84s. In the men's triple jump, and Tobago was second in 20.64s on Sunday. WINS THE and Jason Young of Jamaica third in Jamal Wilson was seventh with his BRITISH OPEN 20.78s. (AP Photo) lone mark of the day, 15.14m. Ramon Miller gets silver in 400

By RENALDO DORSETT field over the weekend included: Sports Reporter Bronze for women’s relay team, In the women's 400m, Cache [email protected] Armbrister ran 54.26sec and Lanece Raymond Higgs, Katrina Seymour Clarke 54.32sec, not advancing to OVER the first two days of com- the final. petition at the CAC Senior Track V'Alonee Robinson ran 11.98sec TURN TO 7E... and Field Championships in to finish sixth in the first heat of the Mayaguez, Puerto Rico, the 100m. Bahamas racked up a total of four In the third heat of the men's medals led by one of the country’s 100m, Adrian Griffiths placed sec- VOECKLER: IN top quartermilers and capped by a ond in 10.47sec to advance to the dynamic relay squad. final. In the final, he finished sev- YELLOW, BUT Quartermiler Ramon Miller won enth in 10.35s. Trinidad's Keston the first medal for the Bahamas near Bledman won the event in 10.05s, ‘ZERO’ CHANCE the end of day one when he ran to a followed by Daniel Bailey of second place finish in his signature Antigua in 10.11s and Dexter Lee OF TOUR DE event in 45.56s. of Jamaica in 10.18s. Renny Quow of Trinidad and In the middle-distance running Tobago took first place in 45.44s and segment, Hughnique Rolle finished FRANCE WIN Erison Hutault of Dominica was 10th in the 1500m in 4:58.55s while in third in 45.93s. Andrae Williams fin- the men's event, Oneil Williams fin- TURN TO 4E... ished sixth in 46.69s. (l-r) are Jamaica’s Leford Green, Trinidad and Tobago’s Renny Quow and ished 12th in 4:00.69s In the morning session, Miller ran SHOWN In the women's triple jump, 46.11sec to win heat two while Ramon Miller in the 400m. Tamara Myers finished sixth with a URUGUAY Williams ran 46.48sec for fourth in (AP Photo) leap of 12.45m. heat one to advance to the 400m In the 800m, Wesley Neymour OUSTS final. Katrina Seymour,18, won a In the women's 400m relay, the failed to reach the final when he fin- Raymond Higgs won the first bronze medal in the women’s team of V'Alonee Robinson, Cache ished sixth in heat two in a time of medal for the Bahamas in the field 400mH in 57.24s. Seymour was just Armbrister, Nivea Smith and 1:54.07. ARGENTINA with a third place finish in the men’s nipped at the line by Yolanda Osana Anthonique Strachan finished third In the men's 400m relay, Warren triple jump. Higgs leapt 7.75m for of the Dominican Republic who fin- in 43.74. Trinidad and Tobago took Fraser, Griffith, Rodney Green and ON PENALTIES the bronze behind Tyrone Smith of ished second in 57.23s and Andrea first place in 43.47s followed by Jamial Rolle just missed the medal Bermuda (8.06m) and Demar Sutherland of Jamaica who won in Jamaica in 43.63s. podium when they finished fourth TURN TO 5E... Forbes of Jamaica (7.81m). 56.75s. Other competitors to take to the in 39.46s.

PAGE 2E, MONDAY, JULY 18, 2011 TRIBUNE SPORTS

SPORTS Flag football a blast at ‘Darling Family Day’ f f a t s e n u b i r T / e k r a l C m i T y b s o t o h P

FIELD PLAY: Bahamian professional football player Devard Darling’s “Darling Family Day” – a one-day fundraiser with activities for the entire family – was put on at D W Davis Saturday. Activities included a flag-football tournament (photo highlights above), steak-out and party boat cruise.

TRIBUNE SPORTS MONDAY, JULY 18, 2011, PAGE 3E

SPORTS FIBA Centrobasket Women’s U-17 Championships BAHAMAS fourth, falls to Mexico 80-46 in bronze-medal game

By RENALDO DORSETT Sports Reporter [email protected]

PERHAPS not the desired end to the tournament as anticipated, but a return to international competition for the Bahamas junior women’s national basketball team produced and only victory of the tournament an appearance in the medal round Friday night when they beat and displayed the programme’s Guatemala, 48-39. potential as a regional contender. Sandiford had a fantastic game for The Bahamas finished the FIBA the Bahamas and was one of two Centrobasket Women's U-17 Cham- players to finish with a double dou- pionships in fourth place last night ble – 17 points, 14 rebounds and after losing the bronze medal game three blocked shots. Laing added to Mexico, 80-46, at the Fernando another double double with 13 "Rube" Hernández Coliseum in points and 11 rebounds. Gurabo, Puerto Rico. In the second semi-final game, Brea Forbes had a breakout game with a berth to the gold medal cham- with a team high 19 points with sev- pionship game on the line, the en rebounds, three steals and two Bahamas came up well short against blocks. Mexico, 85-33. Kaylicia Laing finished with her From the opening tip, the Mexi- best all-around game of the tourna- cans showed their superiority in all ment with eight points, seven aspects of the game, winning the first rebounds and five assists. quarter 33-0. The first half ended Taneka Sandiford finished with 47-4. nine points and four rebounds while As has happened throughout the Serena Brown added four points and tournament, Mexico had a balanced eight rebounds. attack with six players scoring in Yamel Alvarez led the Domini- double figures, including Ana Bernal can Republic and all scorers with 26 that led the game with 14 points and points. 14 rebounds. Frabel Rodriguez finished with 17 The Bahamas last competed in the points and 14 rebounds while Centrobasket Under 17 tournament Anyelina Rosario added 12 points in 2009 but finished with a disap- and nine rebounds. pointing 0-5 record. The Bahamas fell behind early at In 2010, the financially strapped the end of the first quarter and BBF opted not to field the two trailed 25-8 early on. junior squads to the Centrobasket The Dominicans led 40-16 at the Championships. half and maintained a 58-34 lead Instead, the organisation used the headed into the final period. time period to rebuild all of the GOOD GAME: Taneka Sandiford (file photos) had a fantastic performance for Team Bahamas in FIBA Centrobasket Women’s The Bahamas team got its first national teams. U-17 Championships. The Bahamas ended up in fourth place after losing the bronze medal game to Mexico, 80-46. 16th Nelson Cooper ‘Peace On Da Streets’ basketball tournament set to start today

By RENALDO DORSETT al Star Assurance, Royal tion. of the night league, he gladly Sports Reporter Bank of Canada, Sbarro, "Our founder Tyrone accepted Reid's invitation to [email protected] Fidelity Bank, Family Darville actually wanted to be a part of the Peace On Da Guardian, JS Johnson, be a part of it because it is a Streets tournament. TODAY marks the start of Munnings Ruiz Accountant, worthy cause," she said. "I had the pleasure of visit- one of the country’s longest Lennox Paton, NPCC, "Anything we can do to sup- ing the Hope Center this year standing basketball events on Micronet, Bahamas First port that, we are very, very for the first time and ever the summer sporting calen- Insurance, Scotiabank, More happy to do that and we will since I've been going there," dar. FM, JCN, Island FM, The Tri- continue to sponsor the event said Cox II of the programme For the 16th consecutive bune, The Guardian/Star, for many years to come." that Reid operates as a min- year, Minister Carlos Reid Gems, ZNS, Sports Radio, Katie Carter, the opera- ister of the gospel. "I like and his Youth Against Vio- Esso, John Bull, Sports Lock- tions assistant at Furniture what he is doing for the lence organisation is provid- er, Cable Beach Manor, Crys- Plus, added that "we hope to youths and for basketball. ing an alternative to crime by tal Select, Vitamalt, Bahama- see many young persons Basketball is something that I staging the annual Nelson sair, Dominoes, The Sports being a part of the tourna- really love. Next to cars is bas- Cooper 'Peace On Da Streets' Centre, Baha Mar Resorts, ment this year and also the ketball. I just want to say Basketball Tournament. the Commissioner of Police years to come. thanks to Carlos Reid. I The tournament, which Minister Carlos Reid, president of Youth and the Royal Bahamas "It does help positively in appreciate it." started in 1995 as the Nation- ‘PEACE ON DA STREETS’: Police Force and Destina- our community at large, based Cox II's assistant, Dion 'Lil al Park League Champi- Against Violence, speaks to the media about the 16th annual Nelson tions. on the crime and violence that Man' McPhee, said when he onships, is held in memory of Cooper ‘Peace On Da Streets’ Basketball Tournament. Dawn Forbes, Furniture has been occurring in our really found out the story the late Cooper - former Plus sales and store operation country." behind the tournament, he leader of the Border Boys A number of sponsors, Insurance, Thompson Trad- manager, said they are once Deanza 'Sonny' Cox II, the was more impressed with the gang - who had made a including Furniture Plus, ing, Original Patties, First again pleased to be the spon- owner of Sunshine Auto, said tournament and he will con- change in his life and was wit- Phil's Food Store, BTC, Caribbean Bank, JMEL sor of the tournament, hav- after he decided to take a tinue to lend the support of nessing in Mason’s Addition Chevron, Colina General Commonwealth Bank, Roy- ing done so from its incep- break from the sponsorship Sunshine Auto. when he was gunned down. "This basketball tourna- ment is an effort to continue the work of Nelson Cooper and Youth Against Violence to help keep our youth off the street," said Reid, who has dubbed it "Shoot basketballs instead of guns." Scheduled for July 18-22 at the Kendal Isaacs Gymnasi- um, the tournament will com- prise of the 16-and-under, 18- and-under, Church and Open divisions. Reid said if there is interest in the women's division, they will include them as well. As usual, a Family Night is set for 5pm Friday (July 22) and it will feature the cham- pionship games, the Sunshine Auto sponsored 3-point Shoot Out and the Phil's Food Ser- vices sponsored Slam Dunk Contest that was showcased on ESPN last year. The highlight of the night will be the Celebrity game between the Members of Par- liament against the Pastors. Last year, the pastors won but this year Reid said the politi- cians have assured them that they will be out for revenge. "Our classic has become the most highly anticipated summer event in New Provi- dence and over the past sev- eral years, we have attracted some college coaches from the US who come down with the hopes of offering scholar- ships to some of our young players," Reid said.