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WEATHER ! EW N McCOMBO OF THE DAY HIGH 90F THE PEOPLE’S PAPER – BIGGEST AND BEST LOW 78F The Tribune PARTLY SUNNY, T-STORM BAHAMAS EDITION www.tribune242.com Volume: 106 No.257 TUESDAY, SEPTEMBER 28, 2010 PRICE – 75¢ (Abaco and Grand Bahama $1.25) E D I S N I FIRSTAQUINAS COLLEGE CLASS FEATURES ON PAGE 16
PLP SET TO ASSIST FINDING ATTORNEYS FOR STRAW VENDORS By PAUL G TURNQUEST Tribune Staff Reporter [email protected]
THE Progressive Liberal Party is set to announce today its plans to ‘Mother’ Pratt assist in finding defence attorneys for the nine Bahamian straw ven- dors being held in New York. Having been charged in a district court last week with conspiracy to defraud the US Criminal Code by way of trafficking counterfeit goods for commercial advantage or finan- cial gain after a six-month investiga- tion, the nine straw vendors have reportedly admitted to travelling to New York to buy the fake luxury goods after they were arrested at fears gang war SEE page 10 Concern over rivalry AFTERSCHOOL READING INITIATIVE FELIPE MAJOR/TRIBUNE STAFF between Ridgeland Park and the Grove
By AVA TURNQUEST wars, the cross rivalry. These Tribune Staff Reporter areas are laden with children [email protected] and it is unfortunate but a lot of them are raising them- ST Cecelia MP Cynthia selves.” “Mother” Pratt said the area The territories for both surrounding her constituency groups were said to be sepa- is steeped in an all-out gang rated by Robinson Road, and war, based on reports from Mrs Pratt said their seeming- the youth in her constituen- ly endless retaliation sprees cy. against each other negative- Mrs Pratt added the coun- ly impact her constituents – try must work harder at most of whom she feels are “bridging the gap” between impressionable bystanders factions like the growing caught between the feuding divide she highlighted neighbours. between groups from Ridge- “Just one road separates land Park and those identify- them – we have to find a ing themselves as the Grove. way to bridge the gap and Mrs Pratt said: “I’m trou- bled by the thug boys, the SEE page 10 A CLASS ACT: Cynthia ‘Mother’ Pratt speaks to children at the launch of a new afterschool reading initiative at her St Cecelia constituency yes- Arawak Homes: house demolition terday. Inside what was once her constituency office but has now been converted into a classroom, reading lessons will be available every week- in full compliance with the law day from 4pm until 5.30pm for school children in the community. On Saturdays, one-on-one adult sessions will be held from 2pm until 7pm. By AVA TURNQUEST Carl Bethel hits out at tabloid’s Tribune Staff Reporter PRISONER IS QUESTIONED OVER SHOOTING [email protected] By ALISON LOWE ‘campaign of character assassination’ Tribune Staff Reporter [email protected] ARAWAK Homes has assumed responsibility for the demoli- By PAUL G that the St Thomas More tion of the Wood’s home on Friday, according to a press statement TURNQUEST seat would be a safer bet A PRISONER who checked himself in to hospital with a issued by the company yesterday. It assured the public that its Tribune Staff Reporter for the FNM. gunshot injury to the leg after he was supposed to have returned actions were in full compliance with the law. pturnquest@ However, Mr Bethel tribunemedia.net to prison from his Bernard Road work site is being questioned has flatly denied these in connection with a shooting in Yellow Elder on Saturday, SEE page 10 allegations. FNM Chairman Carl “Let me say from the SEE page nine Bethel slammed a down- outset that I made a per- market tabloid yester- sonal commitment to the day for continuing its residents of the Sea “ongoing malevolent Breeze constituency in REPORTS: 80 STAFF TO LOSE JOBS AT ZNS HITTING BACK: THE final number of staff to be cut at ZNS has been con- campaign of character Carl Bethel 1990, at the age of 29 assassination” against years, which I have never firmed, according to late reports reaching The Tribune. him. abandoned. I have been Of the 238 persons currently employed, yesterday it was Claiming that the Sea Breeze elected by the good people of announced only 158 people will remain – 13 more than the ini- MP had some “ulterior this constituency in three of the motives” behind his recent last four general elections, for SEE page 10 intervention in the constituency which I remain eternally grate- association elections in St ful. Thomas More, the publication “I have no intention, nor ARREST HOPES OVER TEENAGER’S SHOOTING said Mr Bethel had “fears” that have I contemplated now, or at By TANEKA THOMPSON he could be beaten in his Sea any time, changing that per- Tribune Staff Reporter Breeze seat by the PLP’s Hope sonal commitment. I have no [email protected] Strachan in the next general interest or intention in seeking election. to represent anyone other than POLICE are hopeful they can bring a swift resolution to the As such, the tabloid claims the good people of the area investigation into the shooting of 13-year-old Rashad Rolle. Mr Bethel was seeking to presently called the Sea Breeze Although senior officers say they don't have anyone yet in “switch” from Sea Breeze to St Thomas More in anticipation SEE page 10 SEE page nine
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THE TRIBUNE TUESDAY, SEPTEMBER 28, 2010, PAGE 3 LOCAL NEWS Prison chief Rahming defends the work release programme Allegations of inmates becoming involved in crimes By ALISON LOWE grounds during the day. Tribune Staff Reporter “There have only been a few [email protected] instances where persons engaged in the programme PRISON Superintendent Dr would have gotten involved in Elliston Rahming has defended an illegal enterprise of a vio- the prison’s “extra-mural” work lent nature and virtually all of release programme in the face the inmates return to the prison of two alleged instances over on a timely basis.” the weekend of participating Dr Rahming said supervision prisoners becoming involved in of the inmates while on the job crimes while off prison proper- includes sporadic drop-ins by ty. prison officers during the day, Both inmates have now been and the requirement that their taken off the programme that employer notify the prison if saw them selected to be the inmate leaves the work site allowed to go off the prison outside of regular hours. compound during work hours In order to be considered for to participate in paid employ- the programme, an inmate must ment, despite still serving their have had no disciplinary prison sentences. The body of a young man is placed in a hearse charges against him in the SCENE OF TRAGEDY: prison in the past year; ought to An investigation is underway on Saturday after he was shot in the head in Ridgeland Park. by prison officials into how one have completed at least two of the inmates, who was sup- technical, vocational or attitu- posed to have been at his year prison sentence for armed Majesty’s Prison, Fox Hill, at dinal adjustment programmes Bernard Road work site, was robbery. He is said to have 6pm on weekdays and 4pm on and should have no more than allegedly able to get caught up served nine and a half years and Saturdays. 18 months or two years remain- in a murder and double shoot- was due for release next Dr Rahming added that he ing on his or her sentence. The ing incident in Ridgeland Park August. foresees that electronic moni- inmate must also agree to be and Yellow Elder on Saturday. The sentence being served toring of these inmates and oth- subject to random drug tests. The inmate, who has been by the other inmate who was ers “would significantly tight- “The Visiting Committee will returned to prison, is being found with the drugs is en the surveillance of them.” then interview him and make questioned in connection with unknown at this stage. The government has promised their decision,” said the top the Yellow Elder shooting, Asked yesterday whether he to introduce electronic moni- prison official, adding that this which saw a man – who is him- felt the incidents warranted a toring, however no implemen- committee is made up of “a self now being questioned in review of or changes to the tation date has yet been given. number of outstanding citizens connection with the Ridgeland work release programme, Selection of inmates to par- of the Bahamas, who are per- Park murder – shot at while which – up until the removal of ticipate in the work release pro- forming a tremendous service seated inside a Honda Accord the two inmates – involved 15 gramme, which Dr Rahming to the country.” in the area. The man’s sister, inmates, Dr Rahming said that credits with reducing re-offend- who was also inside the car, was he did not see the need for any ing rates, is conducted by the also injured in the shooting. major alterations. Prison Visiting Committee or The inmate himself received the Prerogative Board of Mer- a gun shot injury to the leg at cy, on which the Minister of some point during the day, for Concerned National Security sits. Dr Rahming said: “They are which he sought treatment at Sources say some law the only two entities entitled to Princess Margaret Hospital on enforcement authorities are place inmates on the work Saturday, leading to his re- concerned about a “lack of scheme and all are very care- arrest. He was taken back to supervision” of those on the fully selected but from time-to- the prison for further treatment programme, and how they are time, an inmate would do in the medical unit there. selected. something stupid, something The second inmate was taken Dr Rahming defended the you didn’t anticipate. But by off the work-release pro- programme yesterday in this and large the extra mural gramme after a search upon his regard. However, he did say scheme has been extremely suc- return to the prison last Friday that there was one decision tak- cessful. It’s been going on for resulted in the discovery of a en yesterday morning as a probably between 25 and 30 half pound of marijuana hid- direct result of the weekend’s years and very few who have den somewhere on his person. alleged transgressions – that all been in the programme for an According to Supt Rahming, inmates on the work pro- appreciable length of time have this second inmate, has now gramme would be taken to and recidivated. been confined to maximum from their work sites by prison The Prison Superintendent security as police investigations staff. At present, inmates are said he does not feel the public continue into how he obtained generally dropped to their work have been “exposed to any the drugs. sites and are allowed to “make undue danger” by the decision The inmate, who is being their own way” back to the to allow certain inmates the questioned in connection with prison in the afternoon. They freedom to leave prison the Yellow Elder shooting, is are required to be back at Her said to have been serving a 15- Draft prison bill to be released before end of year, says Minister By NOELLE NICOLLS “For years the possible move to “civilianise Tribune Staff Reporter officers who the prison.” He said the gov- [email protected] have exposed ernment has no intention of themselves to changing “the disciplined force THE draft Department of countless that the prison is and the rank Corrections Bill will “absolute- risks and haz- structure. We will change ly” be released before the end ards, educat- of the year, according to Min- ed them- SEE page nine ister of National Security Tom- selves in my Turnquest. related disci- The new bill, drafted to TOMMY plines and replace the “outdated” Prison TURNQUEST have served Act, is expected to reflect the their country government’s vision for the doing a job that most of our cit- prison moving forward, he said. izens would not even consider The minister is participating have reasonably expected that for their efforts, rewards would FOR“Lowest ALL Prices OnYOUR The Island” DECORATING in a general staff meeting at the prison this week, where he come,” said one s plans to “help them to see the tribune242.com reader. n way forward” and “buy into the “I have been a prison officer o for more than five years. I i vision.” joined the service with a view of t The Prison Staffers Associ- not only making this job a u ation recently expressed its l opposition to what they believe career, but also with the hope o is a move by the government and aspiration of attaining the S to “civilianise the prison.” They highest rank there is – Prison see the appointment of Super- Superintendent,” he said. intendent Dr Elliston Rahming Mr Turnquest said he is as an example of this, and claim aware of the concerns about they do not support his reap- pointment. STORE HOURS: One prison officer said he did not care what “internation- al reports” say about the need Monday - Saturday to move away from a “military structure” in prisons. He said 8:30am - 5:30pm a policy of civilian leadership would be a “crippling blow to the very core” of officer morale.
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PAGE 4, TUESDAY, SEPTEMBER 28, 2010 THE TRIBUNE EDITORIAL/LETTERS TO THE EDITOR The Tribune Limited Public deserves NULLIUS ADDICTUS JURARE IN VERBA MAGISTRI Being Bound to Swear to The Dogmas of No Master LEON E. H. DUPUCH, Publisher/Editor 1903-1914 truth about the SIR ETIENNE DUPUCH, Kt., O.B.E., K.M., K.C.S.G., (Hon.) LL.D., D.Litt . Publisher/Editor 1919-1972 Baha Mar project Contributing Editor 1972-1991
EILEEN DUPUCH CARRON, C.M.G., M.S., B.A., LL.B. EDITOR, The Tribune. the economy and reduce Publisher/Editor 1972- unemployment. However, I With your kind indulgence, LETTERS propose that the land be I shall be grateful if you [email protected] leased to the Chinese for 99 Published Daily Monday to Saturday would allow me to continue years. addressing the proposed Baha We all know the one who Shirley Street, P.O. Box N-3207, Nassau, Bahamas Mar Cable Beach develop- lien will be placed against owns the land calls the shots. Insurance Management Building., P.O. F-485, Freeport, Grand Bahama ment, the predicament it is those acres by the financiers. I’m against the re-routing of presently in and the reper- And also I presume that a West Bay Street, the demoli- cussions it could have if it is tion of Cecil Wallace Whit- TELEPHONES lien will be placed against the allowed to continue in its pre- entire development by the field building. Switchboard (News, Circulation and Advertising) 322-1986 sent form. Chinese banks. The present government, I I listened and watched Because that is what hap- believe, ought to review the WEBSITE attentively while the Prime pens when a financier lends existing heads of agreement www.tribune242.com – updated daily at 2pm Minister brought the Resolu- you money, he takes out a with Baha Mar and make tion to Parliament and lien against the property so changes that are conducive to explained it in detail. Then a that if you miss your pay- Bahamians. few days later, Baha Mar ments, they can move in and The re-routing of West Bay Foreigners on Bahamian construction sites released a statement outlin- take possession of the prop- Street will further decrease ing its own position. And erty. one’s access to our country, THE DEBATE on the number of Chi- Bahamians was 70 per cent on that con- when one examines both the I’m a real estate broker and the same way our access was nese to be employed on the construction of struction site with government having to pay Resolution from the Prime I believe I know a little about further decreased on Paradise the Baha Mar Cable Beach project — six a large penalty if the number of Bahamians Minister and the statement the value of land in New Island and the disappearance hotels, about a 100,000-square foot casino, a went over the agreed 139 or 30 per cent of from Baha Mar, therein lies Providence. of South West Road near the 200,000 square-foot convention centre, 20- the total work force. This prompted the car- some confusion. Albany Resort. acre beach and pool, 18-hole golf course rying of placards that read: “It’s Better in the I’m saying that the almost According to the Resolu- 300 acres of Crown land and Some of the more pertinent and a 60,000-square foot retail village with Bahamas for Brazilians!” questions lingering in my additional residential products — is going At one point during the contract there tion, Crown land and land land owned by the govern- owned by the government will ment has a fair market value mind are as follows: to be interesting, if and when it takes place were more than 340 Brazilians at the con- Can the Department of on the floor of the House. struction site, bringing the Brazilian count to have to be conveyed to Baha of around $500,000 per acre. The number of foreign workers required 71 per cent compared to the 139 Bahamians Mar in fee simple before the If my math is correct, then Immigration ensure us that of by the Chinese as part of the deal is unusu- that the company had agreed to use during Chinese financiers will pro- the total land value is around the 8,000 plus Chinese, there ally large. But it is well known that the Chi- this period. vide the funding. That is $150,000,000. are no child molesters, rapists, nese do not approve foreign loans unless The Pindling government had agreed that understandable. Taking that a little further, murderers or AIDS infected their workforce is employed as a major part for every five Bahamians hired by the Brazil- However, along comes according to press reports the persons entering the of the loan project. In the case of Baha Mar ian company over the agreed 139 Bahamian Baha Mar in a prepared state- proposed development is Bahamas? — valued at about $2.5 billion – workers, the government would have to pay ment, saying that work will worth around $2.5 billion. Can the Department of $1.918,965,693 billion has been negotiated $88,000 or $17,000 for each worker. begin first and afterwards We ought to be reminded Immigration ensure us that with the China Construction Company as In the House on April 30, 1990, then financing will commence. that the principals behind they will be monitoring those primary contractors. With that financial out- Opposition Leader Hubert Ingraham I have been in the real Baha Mar development were persons entering our country lay it is amazing that government was able to revealed that the Pindling government had estate business for more than involved in a foreclosure in temporarily will be made to negotiate any Bahamian presence. As Mr also agreed to pay all of the Brazilian com- twenty-three years and I have the United Kingdom to the leave when their work is com- Ingraham said in presenting his resolution pany’s Customs and stamp duties, work per- never heard of any financing tune of under $800 million. pleted? for this project to the House “the foreign mit fees for their workers, and building fees institution releasing its funds Can you imagine if the Chi- In closing the public labour component intended during the con- on mechanical and electrical permits. In before the sale is closed. So, deserves to know the truth struction for the resort exceeds levels ever addition government was to pay all public nese financiers have to fore- as far as Baha Mar’s state- close on the Baha Mar about this mammoth devel- experienced in the Bahamas and is beyond utility fees — connections and the like — opment. anything ever contemplated by my govern- except for the actual electrical consumption. ment is concerned, I believe Resort? that is incorrect. I’m forced to inform those I believe Baha Mar is not ment.” The FNM found it preposterous that gov- being upfront with the Under the UBP, construction up to a cer- ernment would be penalised if more than Taking that statement from who may not know that the tain value was reserved for Bahamian con- 139 Bahamians were hired at the airport. Baha Mar a little further, I Chinese population repre- Bahamian people. It appears tractors. Over that value it was agreed that “It is incredible that the Government has can only conclude that the sents 15 per cent of the popu- as if the present government Bahamians did not yet have the expertise agreed to pay extra monies for Bahamians to financiers are shareholders. lation in San Francisco, but is caught between a rock and or equipment to handle very large jobs and work in their own country,” said the FNM. If that is the case, the they own 85 per cent of the a hard place. so those were left to foreign contractors, When the Ingraham government came to Bahamian people have a right real estate. They have been put in a such as McAlpine, Balfour Beatty and oth- power its policy on foreign labour was estab- to know. To expand further It is common knowledge precarious position and left ers. In the 1950s, said Mr Ingraham, the gov- lished on the resort properties of Kerzner in fee simple, according to the that the Chinese do not come to defend a heads of agree- ernment permitted 25 per cent of the labour International — the ratio of Bahamians to Florida Real Estate Hand to rent, they come to own. ment the previous govern- force in construction and/or the operation of non-Bahamians on that site was not to Book 1986 Edition, “The fee Think Bahamians. Think. We ment negotiated. In future, I tourism development to be foreign. exceed 30 per cent foreign to 70 per cent simple estate is also known as have to be concerned with our shall return to this subject. During the Pindling era, however, the Bahamian. an absolute estate because children, our grandchildren However, the fee simple foreign labour component increased and And now here were the Chinese finan- one possessing this estate has and our great-grands. Lest my estate comment needs some newspaper articles recorded protests, either cially backing the transformation of Cable no restriction or limitation critics be misinformed, I’m in clarifying. by foreign workers complaining of working Beach into a mega tourist resort and asking upon his ownership except favour of foreign direct invest- conditions, or Bahamians questioning their for 8,150 of their countrymen to be engaged PAT STRACHAN presence in the Bahamas. For example, in on the “core project”. The projection is that that imposed by the state i.e. ment. imposition of taxes, public And obviously we need Nassau, 1988, 600 angry Indians went on hunger some 1,200 Bahamians will be engaged in September 21, 2010. strike on the construction site of the Crystal construction of the non-core projects. safety regulation and pur- foreign capital to stimulate Palace Hotel, Cable Beach. They accused Because of the unusual request for for- chase by the state for public the foreign contractor, Balfour Beatty, of eign labour — 71 per cent foreign to 29 per use. A fee simple estate is the treating them as slaves. Earlier – in 1981 – cent Bahamian — Prime Minister Ingraham most comprehensive type of the Construction and Civil Engineering has brought the matter to the House to give ownership in land since the Why are dogs at the CCU not Union picketed the construction site of gov- the Opposition an opportunity to express owner may dispose of the ernment’s $66.5 million Cable Beach Hotel. the opinions of their constituents on the land in any manner he selects, “They import Filipinos to shovel sand. You matter. Both sides have to determine – in the or if he does not dispose of it tell me no Bahamans can do that?” com- words of Mr Ingraham – “whether this the estate will pass on intact getting Dr. Balfe's injection? plained a Bahamian worker. There were 40 invaluable benefit of skills transfer and to his heirs. Title to this estate Filipinos on that job site. improved exposure to new technologies can may be acquired by deed, will, EDITOR, The Tribune. But the 1990 demonstration to protest or will occur in a project where contact inheritance, or adverse pos- the employment of common labourers — between Bahamians and foreign experts is session and may also be grant- I am dumbfounded by the Dogs article in Monday's Tribune, truck drivers for example — from Brazil likely to be limited.” Bahamians also have to ed by a court.” So, according which describes the "excruciating pain" of intracardiac injec- on government’s $55 million Nassau Inter- decide whether in these lean years this pro- to press reports, almost 300 tions for dogs being put down without prior sedation. national Airport expansion was particularly ject, with its foreign labour, is what they When the time came, my big German Shepherd lay quietly in interesting. The ratio of foreigners to believe will jump start their economy. acres will be conveyed to Baha Mar and I presume a my arms as I watched Dr. Pat Balfe administer an injection in her foreleg. I looked up at his face and said, "How long will it be?" He replied, "Oh, she's gone already." I looked down at her, and saw that she had died without the slightest tremor. So why are dogs at the CCU not getting Dr. Balfe's injection?
RON LIGHTBOURN Nassau, September 22, 2010. C M C M Y K Y K
THE TRIBUNE TUESDAY, SEPTEMBER 28, 2010, PAGE 5 LOCAL NEWS Similac powder infant Teaching applications formula recall ‘did not affect all brand’s products’
By REUBEN SHEARER health risks, there is a pos- ‘were rejected due to Tribune Staff Reporter sibility that infants who con- [email protected] sume it could experience gastrointestinal discomfort NASSAU Agencies’ and refuse to eat as a result recall of Similac powder of small insect parts irritat- background concerns’ infant formula on Friday did ing the gastrointestinal tract, not affect all of the popular the United States Food and brand’s products, a repre- Drug Administration By ALISON LOWE sons for a subject area vet- sentative told The Tribune (FDA) has determined. If Tribune Staff Reporter ted and when we checked yesterday. these symptoms persist for [email protected] into their characters, they Barbara Donathan, more than a few days, a were not fit. account pharmaceuticals physician should be con- THE applications of a “It’s not that people are manager, told parents that sulted. number of teachers who not coming forward, it’s just “not all Similac is bad.” Locally, there have been applied to teaching posts in that we want to make sure Products that have been no reports of babies con- North Andros had to be when we get someone they found usable include all suming the product, thanks rejected because a police come to stay and we don’t Abbott Nutrition liquid to the swift action of Nas- inquiry into their back- have to ask them to return ready-to-feed and concen- sau Agencies, the sole dis- ground revealed concerns, or dismiss them,” said Mr trated infant formulas and tributor. After hearing according to education offi- Davis. all powder and liquid spe- about the US recall, the cials. Mr Bannister said that cialty formulas, such as Sim- company immediately con- Minister of Education “notwithstanding these ilac Expert Care, Alimen- tacted City Markets, Super Desmond Bannister told problems” teachers were tum, Elecare, Similac Value, Lowe’s Pharmacy The Tribune yesterday that identified for the school and Expert Care Neosure, Sim- and dozens of other food- this was one of a number of should be arriving this ilac Human Milk Fortifier, stores and pharmacies. factors that played into a week. and metabolic formulas for “People are bringing in teacher shortage at the Both Mr Davis and Mr inherited disorders. the cases that were not North Andros High School, Bannister confirmed the The recall came after good, and changing with the reports emerged suggesting good ones,” Ms Donathan but despite these challenges SCHOOL ISSUES: Desmond Bannister and Vincent Peet furniture shortage at the it is expected that the short- school, and both put this that millions of cans of the told The Tribune yesterday. fall will be remedied within the beginning of this new history. Accordingly, no down to the poor quality of product with certain lot "We were concerned that a week. school year without official- new teachers were placed furniture previously brought numbers may have con- some stores wanted all stock His comments came after ly resigning. until they had been vetted. into the institution. tained “a small common removed which was not nec- Vincent Peet, MP for North “They gave us no notice In fact, one of the teachers Mr Davis said that the beetle” or larvae that could essary. Only affected stock Andros, issued a press state- whatsoever. We only knew who was supposed to be recent condemning of this irritate the digestive tract of needed to be removed.” ment in which he called on that they were gone when sent to Andros could not be “non-durable” furniture babies who consume the Concerned parents Mr Bannister - who recent- they did not turn up in Sep- hired as a result of the which was in poor condi- milk powder. were advised by the ly toured schools in Andros tember. Another teacher, police report,” added Mr tion, in conjunction with the The brands on the safe list company to refer to - to fulfill a promise to fill who is a priest, was reas- Bannister. expansion of North Andros include: Similac Isomil www.similac.com/recall/look the teaching posts, and to signed to another island by District Superintendent High’s school population Advanced (23.2 ounces), up, and type in their lot address a deficiency in the the church. As a result we for schools in the North and from 461 to 500 – the extent Similac Go & Grow Early number to determine if their number of desks and chairs had to scramble for new Central Andros area, Har- of which was not fully antic- Shield, Similac Go & Grow product is affected, or call at the school which he said teachers.” court Davis, said that as far ipated – exacerbated the Soy (22 ounces), Similac (1 800) 986-8850. has resulted in some stu- Mr Bannister said the as he was aware more than equipment shortage. Advance Early Shield (23.2 The lot number can be dents having to sit on the replacement of these teach- one teacher had to be over- Mr Bannister added: “I ounces), Similac Advance found on the bottom of the ground during classes. ers was slowed by three fac- looked because of the find- spoke to the shortage in (12.9 ounces), Similac product container. Mr Bannister denied Mr tors. These included the ings of the vetting proce- parliament last week, and Advance (12.4 ounces), Peet’s claim that there is a “refusal” of a number of dure. even tabled a document to Similac Advance Early shortage of seven teachers, teachers to be stationed in “With vetting system we show that we have had to Shield (12.9 ounces), Isomil but he admitted that five North Andros, and the lack have we wouldn’t want to order thousands of items of Advanced (12.9 ounces), weeks into the school term, of qualified Bahamian just go and because an furniture because of the Isomil Advance (25.7 not all posts have been teachers in a number of application’s there, just get defective furniture pur- ounces) and Similac Go & filled, in part due to unex- areas, such as math. that person and send them chased by the former Grow with LCPs (12.9 pected departures. “This year we also imple- into the school before doing administration. As the fur- ounces). “The math and English mented a process of police proper vetting. In one case niture arrives it is being While formula containing teachers left the school at vetting for the first time in we had three different per- shipped to all schools.” the beetles poses no serious Rupert Dean Lane man on weapons charges
A 21-YEAR-OLD man of Rupert Dean room window and wall. Lane was arraigned in a Magistrate’s Court Brown, who appeared before Deputy Chief yesterday on weapons charges. Magistrate Carolita Bethell in Court 8, Bank Shawn Brown, 21, was arraigned on two Lane, was not required to enter a plea to the counts of possession of a firearm with the charges. intent to endanger life. Brown pleaded not guilty to assaulting It is alleged that on Friday, September 10, he Kenya Ferguson with a chrome handgun on was found in possession of a firearm with the Monday, August 23. intent to endanger the lives of Noel Roker He was remanded to Her Majesty’s Prison. and Naika Ferguson. It is also alleged that The case was adjourned to October 8, when he Brown caused $500 in damage to Roker’s bed- is expected back in court for a bail hearing. PLP opens new branch office in Deadman’s Cay AFTER not contesting the Long Island seat in the last two elections, the PLP last week took a first step towards re-establishing a presence in the constituency by opening a branch office in the settlement of Dead- man’s Cay. Speaking at the reopen- ing of the branch last Fri- day, party leader Perry Christie told the crowd of supporters that one of the mistakes he pledged to cor- rect at the last national con- vention was the fact that Long Islanders did not have a PLP option in the last few elections. The party supporters said the Deadman’s Cay office is only the first of a number of He promised that Long Rolle said that opening this PLP branches planned for Island would be fought for particular branch was done Long Island. just as hard as any other seat at this early stage to send a The new headquarters of up for grabs. clear message that the PLP the branch are located on Mr Christie also pledged a will not be taking any com- the property of Ruth continued commitment by munity for granted. Watkins, who was elevated the PLP to find ways to He said the party will con- to the rank of stalwart coun- stimulate the economy of tinue to work closely with sellor on the occasion. Mrs Long Island, which has been the branch on Deadman’s Watkins has been a mem- home to some of the coun- Cay and will be moving ber of the PLP from its try’s greatest builders and swiftly to establish more inception in 1953. artisans. branches in the north and Party chairman Bradley PLP deputy chairman south of the island very Roberts promised Long Alex Storr theorised that a soon. Islanders that when the PLP PLP win could only occur if The Deadman’s Cay returns to office, with or the many FNMs on the branch will be the sister without Long Island as a island who are upset with branch of the Yamacraw PLP seat, they would once their current MP could be constituency and plans are again receive their due and convinced to vote PLP. already under way for a rightful benefits as citizens The party’s vice-chairman branch-to-branch visit in the of the Bahamas. for Family Islands Randy near future, the PLP said. TO DISCUSS STORIES ON THIS PAGE LOG ON TO WWW.TRIBUNE242.COM
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PAGE 6, TUESDAY, SEPTEMBER 28, 2010 THE TRIBUNE PM gives infrastructuralLOCAL NEWS progress report in House
RECOGNISING that no tal and yes, it is our hope and matter what his government expectation that eventually we says or does, the Opposition get a new hospital; it has taken will oppose, Prime Minister too long. The reality is that we Hubert Ingraham gave the made choices over the years. House a progress report on his The money we flittered away government’s infrastructural on the Hotel Corporation and accomplishments while moving other excursions in the private a resolution to borrow $60 mil- sector could easily have caused lion from the China Export- us to be in a position to build a Import Bank to construct a new hospital at a cost of $300- four-lane highway for Nassau. 400 million. But the reality is PROGRESS REPORT: He said that regardless of that we do not have it any- Hubert Ingraham the naysayers his government more.” was not going to be distracted. About $14 million is expected It would continue to do what NEW 4-LANE HIGHWAY to be spent out of the $60 mil- it is now doing. PROJECT lion in respect of import of In the House on September “So, we are now embarking materials for this job. 22, Mr Ingraham also reported upon a programme to create “That is on top of the $20 on the progress at the airport, this new four-lane highway million for the utilities. We the needs of BEC, Nassau’s from Nassau International Air- expect that the number of water problems, the infrastruc- port into our city centre,” he Bahamians who are going to be ture for the justice system and said. “When people come to employed there will be in the the new national stadium. The Bahamas in the future – order of 120 or more.” “We are well advanced on many people talk about the the new US departure terminal NEW STADIUM: The prime minister said of the project: ‘The Chinese are only building the shell. We positive impacts it is going to CHINESE FINANCING at a cost of more than $200 mil- have to build the roads, put in the sewerage, the water, the electricity, the parking lot and landscaping’. have on Bahamians –- and they “We are very grateful and lion,” he told the House. “We are going to go to the hotels on pleased that the Government are the Party that created the Cable Beach, they are going to of China has agreed to make Airport Authority. We are the matter what we say or do, the struction has commenced on lights and I am therefore going be able to come on this four- available to the Caribbean Party that created the study and other side is opposed to it. And the new port development on to commit to paying the $1 mil- lane highway and turn north by loans totalling some $1 billion the plan for Nassau Interna- we understand – they are in Arawak Cay, and I invite Mem- lion per month for 60 months.' Gladstone Road. (US), of which, some $150 mil- tional Airport, and we are the opposition to us and they do bers from time to time to drive On the basis of that, BEC is “If Baha Mar goes, as we lion was allocated for accessing Party that is carrying out the not wish for us to succeed. out there and see what is going able to borrow $50 million, expect it will go, there will be a by The Bahamas. development. What is good for The Bahamas on and to see all of the old cars, because BEC is no longer in a new highway going north. I told “We have sought to use the “As soon as the US depar- may or may not be good for (scrap) irons, and all the other position to be able to borrow the Leader of the Opposition first $60 million or so of that ture terminal is completed next their political interests. But that things that are being removed on its own. that I intend to name that road concessional loan to put in this year, we will begin the new is a judgment for the people of from that place so that eventu- “When we were in office up after him; that I intend to name four-lane highway. We are international terminal and then The Bahamas to make. ally, we will remove freight han- to 2002, BEC no longer needed that road Perry's Way. quite aware that a part of the we will begin the new domestic “But for so long as we have dling from the city of Nassau.” the Government of The “So, a visitor coming to Nas- conditions of lending by Chi- terminal. People coming to the opportunity to occupy these Bahamas to borrow money. It sau would be able to take that na, is for them to be able to sell Nassau will know that we are Offices of State, we shall con- BEC AND had matured, it had developed four-lane highway, and go manufactured goods and for different, and that, yes, it is Bet- tinue to do that which we are WATER WORKS and it was able to do normal north to the Cable Beach devel- them to be able to provide ter in The Bahamas. doing. “Ours is a very difficult job banking business and obtain opment or alternatively, going employment for some of their “In view of that, we are not “We are doing so at the air- to do,” he said, “because the loans on its own. to Paradise Island and continue people. going to be distracted from our port; our principal port of entry, infrastructure of Nassau is inad- “Five years under your (the up to the six-legged roundabout “We are also quite aware principal purpose by naysayers. and we are doing so on our equate for its population and PLP) leadership, has put BEC at Bethel Avenue and go north that The Bahamas is unable to “Quite frankly,” he said, “no waterfront at our principal port for its development. We have in a state that it is in today. coming out to Saunders Beach borrow from anywhere at any- of entry for shipping. Con- an electrical company, BEC, “We have got massive prob- and see the beautiful vista. time at interest rates of 2 per that has over 100 megawatts of lems with the water situation Hopefully the taxi-drivers, cent. generating capacity that sits idle in New Providence. We are when taking them back to the “We are also aware that a because of a lack of mainte- spending some $10 million to airport will go the other direc- loan that will save the taxpayers %4+2674'*17)*6 nance over the years. put in additional water mains tion so that the visitor will see of The Bahamas at least $30 “We do not need to buy new along places like Robinson that there is no place anywhere million (US) when compared 4=3- " engines for BEC; we can repair Road. in the Caribbean where there is to any other loan that we can them and keep them in good “It is causing inconvenience a more beautiful entry into the get, is an attractive proposition. :RH XQWR \RX VFULEHV DQG 3KDULVHHV shape. It is going to cost hun- to the public and the public is city than there is in Nassau. “We also think that the K\SRFULWHV IRU \H DUH DV JUDYHV ZKLFK dreds of millions of dollars to agitated, and we apologise. “When we talk about involvement of Bahamians in bring BEC back to where we “But it is a job that must be improving the product, we are the project will be substantial. DSSHDU QRW DQG WKH PHQ WKDW ZDON RYHU left it when we were last in done. It cannot be that people also talking about the physical We are satisfied that we are >WKHP@ DUH QRW DZDUH >RI WKHP@ office, when it used to make in eastern New Providence can- environment. The entire land- making the right choice for The $16-20 million in profit every not get reasonably clean water 7KHQ DQVZHUHG RQH RI WKH ODZ\HUV DQG VDLG scaping contract of the highway Bahamas. year, and now it is operating and that the pressure has to be will be done by Bahamians. We “When in 1997, it was my XQWR KLP 0DVWHU WKXV VD\LQJ WKRX UH hand-to-mouth, day-to-day, it so low. have listed all the trees that good fortune as Prime Minis- cannot even afford to buy fuel. “But ours is the task to fix could be planted, we are going ter of The Bahamas at that SURDFKHVW XV DOVR “BEC just had to borrow these things, because quite to have the opportunity for time, to decide that the PLP $QG KH VDLG :RH XQWR \RX DOVR >\H@ $50 million from First frankly, I have great difficulty in people to be able to ride their Government had taken us ODZ\HUV IRU \H ODGH PHQ ZLWK EXUGHQV Caribbean Bank to pay for fuel. countenancing that if we do not bicycles, there are going to be along the wrong track, because But in order for them to borrow do it now, who will do it. It JULHYRXV WR EH ERUQH DQG \H \RXUVHOYHV sidewalks. they had recognised the Gov- the money, the Government takes a lot of nerve – gumption, “We are on our way to a ernment of Taiwan as the Gov- WRXFK QRW WKH EXUGHQV ZLWK RQH RI \RXU had to sign a letter that says 'I they say – to do what we are new place. ernment of all of China, and ӾQJHUV am now going to pay BEC $1 doing. We do so in the face of “Bahamians will do the they have even named an million per month for street opposition, condemnation, by landscaping and Bahamians will Ambassador to go to Taiwan – the very people who are going build the road. The road is not I had the occasion to tell them to benefit most from it. being built by the Chinese. $20 here in this House not to both- “Everyday, every time they million of the $60 million con- er with that because we intend- are stuck in traffic, they cuss tract is for the infrastructure in ed to change it, and we did. Hubert Ingraham. But this is respect of the utility companies “We determined that the what needs to be done in The – BEC, BTC and Water and People's Republic of China was Bahamas. We are busy putting Sewerage. the Government of China. We in the new straw market on Bay “In the case of water, the accepted the One China Policy, Street and it is coming on quite new 24-inch main along this and we have received a lot of well.” highway will literally provide benefits as a direct result of us water for the entire West of doing that because we were the JUSTICE SYSTEM New Providence – Cable one country that did so uncon- INFRASTRUCTURE Beach, Skyline, Stapeldon, ditionally. “We are having to also, at Oakes Field, Yellow Elder, and “I gave instructions to my the same time, pay attention to will also connect to the water Ambassador in the United the Supreme Court of The main that is on Harrold Road, States to engage the Chinese Bahamas – the highest court in and connect to the main we are Ambassador, to let them know our land,” Mr Ingraham told putting in now at Robinson that we had decided that we the House. “We are having to Road. wished to recognise the Peo- spend more than $20 million “And people who live in ple's Republic of China as the this year for premises for the eastern New Providence and Government of all of China, Supreme Court. elsewhere will be able to have and that we did so without any “The building on the corner good pressure and clean condition whatsoever. of Bank Lane and Bay Street water. “I hear the Member for (the Hansard Building) is being “If the Baha Mar project Farm Road and Centreville say converted to courts for the goes, as I say we expect it will, that he got the gift for the sta- Supreme Court. Ansbacher this is the only means by which dium for The Bahamas. Well, House, which the Government we can supply the water from without a recognition of Chi- bought, is now being converted Windsor Field to Cable Beach na, there would be no opportu- for two Supreme Courts and and elsewhere. The new high nity to do so. eventually six Supreme Courts. tension wires will all be buried “We want the Chinese Gov- We are seeking to complete underground in the median. ernment to know and we want work on the new 12 Magistrates There will be no more digging the Chinese people to know, Court complex on Nassau up of roads to repair damaged that the Government of The Street.” infrastructure. Bahamas and the people of The “We have a tight schedule Bahamas are deeply apprecia- THE NEW NATIONAL and so we have a project that is tive to the Chinese Govern- STADIUM going to begin in January 2011 ment for what they are making “We are stuck with having to and be completed by October available to The Bahamas. put in the infrastructure for the of the following year. We have And that those in Opposi- new sports stadium,” said the terms and conditions in the con- tion to us, who do not support Prime Minister. “The People's tract for penalties. what we are doing, do not Republic of China was kind “We know precisely what speak for the majority of the enough to donate to The work the non-Bahamians can Bahamian people; we are Bahamas a sports stadium. It is and will do. We will be able, speaking for the majority of the said that it cost $30 million. It is for the first time, to have a Bahamian people and we are going to cost us $50 million of totally planned major public therefore most pleased to move borrowed money to put in the infrastructural project that can a Resolution for the Govern- infrastructure to make the place be costed out. ment of The Bahamas to bor- functional. “We are still planning the row from the Export-Import “The Chinese are only build- New Providence Road Bank of China the sum of the ing the shell. We have to build Improvement Project. When equivalent to $60 million (US), the roads, put in the sewerage, we were in office the last time, which will require us to pay the water, the electricity, the we hired a company. Those on interest only during the first five parking lot and landscaping. So the other side hired people to years and the next 15 years we we have to spend more money do the plans because we gave a would pay principal and inter- to make the place functional construction plan and contract est. than was spent to build it. and they did not like that, but “We are getting it on terms “We have to, as a result of the planning is not complete that are not available anywhere commitments made to Baha yet. else, and we thank the Bahami- Mar, find between $45-50 mil- “This project is completely an people very much for the lion of public money to con- planned. The utility companies opportunity given to us to do tribute to them toward the will have the ability to certify or the good work we are doing. infrastructure they have got to approve the quality of items “By our deeds they know put in on Cable Beach for their being put in. us. The things we do speak for development. “If the exports from China us and speak louder than any “We have huge require- meet those standards, they will other noise that can come from ments. go in and if they do not, then any other source,” Mr Ingra- “Yes, we need a new hospi- they will be accessed elsewhere. ham said.
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THE TRIBUNE TUESDAY, SEPTEMBER 28, 2010, PAGE 7 LOCAL NEWS Man gets life sentence for pastor’s murder By DENISE MAYCOCK ecution would have asked for the report that Rahming caught up. A life was taken seriousness of his behaviour,” ed guilty to murder and armed Tribune Freeport Reporter the death penalty if the matter admitted to the crime and and family experienced she said. robbery, but had the matter [email protected] had gone to trial. expressed remorse. extreme grief in view of this it “The Crown is not seeking proceeded to trial the Crown He noted that because the “He said he wanted to rob is recommended that the court the death penalty due to the would seek the ultimate penal- FREEPORT – Convicted accused pleaded guilty and did Seymour not kill him, but got grant a sentence to reflect the fact that the defendant plead- ty of death,” said Mr Collie. killer Angelo Rahming was not waste the court's time and sentenced to life in prison for had expressed remorse, the the murder of Troy Seymour, Crown decided not to pursue a local pastor who was brutal- the death penalty. ly murdered in Eight Mile Troy Seymour, a pastor at NEW NEMA WAREHOUSE EXPECTED TO IMPROVE RESPONSE TIMES Rock in November 2006. Mt Zion Baptist Church, was Rahming, 28, of Hanna Hill, employed as a delivery man Eight Mile Rock, also for KFC Restaurant. Sey- received a 20-year prison sen- mour drove a white company tence for armed robbery. truck and picked up money The sentences were hand- every Mondays and Thursdays ed down by Justice Hartman at KFC. Longley in the Supreme Court Rahming told Kemp of his last Thursday. plan to rob Seymour. On Rahming pleaded guilty to November 13, 2006, Rahming murder and armed robbery in had Kemp drop him off near May of this year. However, the Texaco Service Station, S
his attorney Wallace Rolle where he flagged Seymour I B filed an application in the down for a ride. / n Supreme Court that sought to Seymour had just left KFC r u b
change his client’s guilty plea with a bag of money to be p to not guilty. deposited at the Bank of the e H
Justice Longley rejected the Bahamas. e k application after hearing sub- As Seymour was driving y d n
missions from Mr Rolle and along Bayshore Road, Rah- a
Crown Prosecutor Vernal ming pulled out a gun and V Collie. shot him. Seymour jumped A person can change his out of the truck and ran to a CONFERENCE: Minister for Works and Transport Neko Grant is pictured (centre) along with Captain Stephen Russell, NEMA’s direc- plea at anytime before sen- house for assistance. Rahming tor, and several of the participants in the Northern Bahamas Disaster Conference which closed out last Thursday at the Our Lucaya tencing, however, it is at the chased after Seymour, shoot- Resort. The three-day event attracted participants from Bimini, Berry Islands, North Andros, Abaco and Grand Bahama. judge’s discretion. ing him twice more. He fol- The accused claimed that lowed Seymour inside a RESPONSE times during disasters Mr Grant, who is also the MP for the involved in disaster management. he was intoxicated at the time house, where he stabbed Sey- affecting Grand Bahama and the North- Lucaya constituency, was delivering the Addressing the gathering last Thursday he entered his guilty plea. Mr mour multiple times about the ern Bahamas are expected to be closing remarks at the three-day confer- evening, Mr Grant noted that the staging Collie argued that Rahming’s body. improved with the establishment of a ence which opened at the Our Lucaya of the workshop is timely as we approach evidence should not be Rahming then ran back to new warehouse for the National Emer- Resort last Tuesday and was sponsored the mid-point of the hurricane season. believed because he not only the truck and grabbed the bag gency Management Agency (NEMA). by the United States Northern Command A Grand Bahama native, Mr Grant Speaking at the Northern Bahamas and the United States Embassy, while reminded the gathering that during 2004 admitted guilt to the offences, of money. Police were able to Disaster Conference in Freeport last the National Emergency Management and 2005 with the arrival of Hurricanes but also expressed remorse to retrieved Rahming’s thumb week, Works and Transport Minister Agency and the Pacific Disaster Centre Frances, Jeanne and Wilma, residents of the probation officer. He print from inside the truck. Neko Grant said that authorities are seek- designed and conducted the training ses- the island experienced severe to cata- urged the judge not to allow Rahming boarded a Westin ing to improve their response time in the sions. strophic weather conditions, and that the Rahming to change his plea Air flight to Nassau on coordination of relief efforts in the after- The conference focused on a number damages inflicted by those hurricanes now. November 13, 2006. He was math of a disaster. of topics including the role of the US resulted in significant personal loss and In September 2007, Rah- arrested by police in Nassau “To this end, action is presently being Northern Command, the Pacific Disaster financial hardship. ming was charged with Cruz on September 24, 2007. He taken to finalise the transfer of ownership Centre, the role of the Met Office, disas- “Five years later, the island has made Kemp for Seymour’s murder. told officers that he did not of a parcel of land to the government of ter response and mental health, hurri- much progress in its quest to return to its However, charges were want to hurt Seymour, but the Bahamas by the Grand Bahama Port cane preparedness and infrastructure and normal state. The repair of damaged dropped against Kemp in Seymour attempted to take Authority. more. infrastructure in the communities exchange for his testimony the gun from him and the gun “The land will facilitate the construc- Participants also carried out a case adversely affected by the hurricanes has against Rahming. went off. tion of a warehouse to be utilised by the study on the Haiti earthquake and the been given priority,” he said. Mr Collie described Sey- Deborah Cox-Strachan, National Emergency Management Grand Bahama tornado, as well as a risk Mr Grant advised that these recovery mour’s murder as a brutal, chief probation officer, said Agency. and vulnerability assessment. efforts have included miscellaneous road heinous and senseless act. probation officer Trina Carey “This will enable local disaster The three-day event attracted senior works, repairs to public buildings and According to the prosecu- interviewed Rahming while response teams to quickly mobilise in government and local government offi- reconstruction of cemeteries. tor, Seymour was shot three he was incarcerated in New assisting disaster victims in Grand cials from Bimini and the Berry Islands, Most recently, he said, the government times while fleeing and Providence. Bahama and the Northern Bahamas North Andros, Abaco and Grand has moved ahead with the construction of through immediate assessment of needs, Bahama, officials from NEMA based in the Eight Mile Rock seawall and eleva- stabbed more than 30 times She said the probation rational distribution of supplies, and pro- New Providence, as well as the Red tion of adjoining land to accommodate a after being shot. report was completed on July jection of future needs of the affected Cross, Department of Social Services, new “Fish Fry” village and cultural cen- Mr Collie said that the pros- 2, 2010. Mrs Strachan said in communities,” he said. police, Defence Force and others tre.
MINISTER of Labour and Social Development Dion Foulkes participates in an exercise organised by one of the facilitator’s Dr Peter Weller, Founder of the Caribbean Men Action Network (CariMAN) at the Family Violence Summit’s ‘men’s forum’ held at the Paul Farquharson Conference Centre, Police Head- quarters, Friday, September 24. Organisers praised for bringing men together to discuss gender-based violence MINISTER of Labour and Social Devel- between the sexes in tertiary education? Is it opment Senator Dion Foulkes congratulated more important to show that you can control the organisers of the Family Violence Summit’s others?” “men’s forum” for addressing violence in gen- Senator Foulkes said he is aware that while eral and gender-based violence in particular. there are a large number of men who are per- Speaking at the forum last Friday, Mr petrators of violence, some men are also vic- Foulkes said that gender-based violence has tims. traditionally been defined as violence involv- Many of these men are reluctant to identify ing men and women, in which the woman is themselves as victims of abuse because of the usually the victim, and which is derived from stigma attached to this process, and they have unequal power relationships between men and been conditioned by society to perceive them- women. selves as being in control of their emotions “It includes, but is not limited to, physical, and their environment and should not have sexual and psychological harm, including intim- to reach out for help, Mr Foulkes said. idation, suffering, coercion, and/or depriva- These societal expectations make male vic- tion of liberty within the family, or within the tims reluctant to discuss their experiences general community,” he said. openly. “It has been identified as the most pervasive The minister commended one of the facili- human rights violation of our time.” tators at the forum, Dr Peter Weller, Founder Senator Foulkes noted that men are said to of the Caribbean Men Action Network (Cari- be main perpetrators of violence. MAN), who be will launching the Bahamas “Certainly, the steady rise in crime and in branch of the Network. particular violent crime throughout the Senator Foulkes noted that the work of the Caribbean and in the Bahamas is primarily a organisation includes an understanding of male phenomenon.” manhood, male/female relationships and how He said that Her Majesty’s Prison is full of to promote healthy development in the coun- men and increasingly young men. try’s young men. The minister told the male audience that The men’s forum was held on the last day of he is convinced men must play a large role a three-day workshop sponsored by the Min- for peace and harmony to be achieved in istry of Labour and Social Development. homes around the country. Representatives from the police, the Attor- “The unacceptable level of violence in our ney General's Office, Sandilands Rehabilita- homes and by extension our country is a real- tive Centre, Princess Margaret Hospital, the ity that we as men must address and change,” Departments of Public Health and Social Ser- he said. vices, the Ministries of Education and Youth, During the forum, he said the participants the College of the Bahamas, the church and should take an introspective look at the many non-governmental agencies involved in Bahamian male and ask the hard questions. the work of the family took part in the summit. “How do we define male/female relation- It is expected that a national draft plan of ships? How is Bahamian manhood demon- action to confront violence is developed as a strated? What is accounting for the disparity result of the summit.
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PAGE 8, TUESDAY, SEPTEMBER 28, 2010 THE TRIBUNE
LOCAL NEWS GBPA volunteers donate time to children’s home
THE Grand Bahama time with the kids,” said ful children of the Grand Port Authority’s newly- GBPA Volunteers’ presi- Bahama Children’s Home, formed group, the ‘GBPA dent Kendra Clarke. I extend sincere gratitude Volunteers’, recently spent In an effort to ‘make it to you, the fine volunteers an afternoon with kids of happen’, the group also of the Grand Bahama Port the Grand Bahama Chil- donated much-needed Authority,” Ms Cooper dren’s Home (GBCH). school text books to the said. The GBPA volunteers home. GBPA vice-president organisation was the brain- Additionally, several Ginger Moxey commended child of GBPA president GBPA volunteer members the volunteers for the projects to improve our LUNCHTIME: Members of the GBPA volunteers employee group Ian Rolle, established as a signed-up to assist with group’s inaugural efforts. communities. Their deci- serve up lunch for kids of the Grand Bahama Children’s Home means of giving back to weekly homework and “The level of support by sion to give of their time during a fun day at the facility. the community. reading at the centre. the members truly demon- and energies is rewarding Pictured (l-r) are: Sergio Armaly, sergeant-at-arms; Eugene In keeping with its man- Administrator of GBCH strates their commitment for both givers and recipi- Neely, assistant sergeant-at-arms; and Sarah Cooper, social date, over 20 GBPA vol- Brennamae Cooper said to undertaking various ents,” she said. officer. unteers spent time with the she was overwhelmed by almost 30 residents of the the outpouring of support children’s home. by the GBPA Volunteers The children were treat- and their kind gestures. ed to games like ‘Bat-n- “It is certainly an hon- Ball’, as well as various ourable thing when people board games and enjoyed can reach back into them- tasty treats from the grill. selves and offer so much “As a group we decided to others who are in need. to spend quality time with Your good deed will cer- the kids at the centre. tainly go a long way in Although physical dona- affording our children the tions are important, noth- opportunity to live better ing surpasses human inter- lives. action and one-on-one “On behalf of the grate-
PRESENTATION: In an effort to give back to the community, the recently formed ‘GBPA Volunteers’ donated new school text books to the Grand Bahama Children’s Home. On hand for the presentation were some of the newly elected officers and members (l-r): Sergio Armaly, sergeant-at-arms; Shenae Albury, treasurer; Kara Cartwright, secretary; Sarah Cooper, social officer; Kendra Clarke, president; Crystal Woodside, secretary, GBCH; Rhandrea Fox, vice-president; Nicole Colebrooke, member; Margaret Williams, membership representative; and Telina Smith, member.
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THE TRIBUNE TUESDAY, SEPTEMBER 28, 2010, PAGE 9 LOCAL NEWS Trial of man accused Son arrested after father shot and killed by police of murdering former By NOELLE NICOLLS “obscene language.” He was to Assistant Commissioner of a routine day to workers, who lunch or bus fare. Tribune Staff Reporter only held “briefly” in custody Police Hulan Hanna. Although said he stopped to visit his Cisco was working on the girlfriend begins [email protected] before being released without matters of that nature usually brother, George Smith, a secu- construction of an apartment charge. go before the Coroner’s Court, rity officer at the British Colo- building on Polhemus Street, By NATARIO McKENZIE A GRIEVING son was “I had an opportunity to Mr Hanna said the police nial Development Company, where the family grew up, and Tribune Staff Reporter arrested after his father, Regi- speak with him. He was very investigation is not complete. before making his usual had only completed the foun- [email protected] nald ‘Cisco’ Smith, was shot apologetic, but expressed his Some downtown workers rounds. dation. He would also check and killed by a police officer. frustration. We explained to are still in disbelief over the George said he saw his on a shop building in the area THE trial of a man accused Nardo Smith confronted him the circumstances around death of Cisco who they brother 20 minutes before the he owned that was now closed, of murdering his former girl- police officers on the same day his father’s death and he describe as a Bain Town boy shooting. When he heard about said George. friend and leaving her body in of the police walkabout down- accepted that and was extreme- who fell on hard times. “He a shooting downtown, he The Tribune was not able to a grave in the Bahamas Vet- town, making accusations ly apologetic about his behav- was not a vagrant,” said one assumed it was someone “trou- contact Cisco’s wife, Paulette erans’ Cemetery began in against the officers while using iour,” said Mr Miller. worker. bling the tourists.” Smith or their five children for Supreme Court yesterday. “profanities.” “It was against that back- “Trust me, I went ballistic “I know my brother don’t comment. Angelo Poitier, 24, is A downtown worker, who drop, we decided not to charge when I found out who it was. bother with the tourists, so I A downtown worker said charged with the murder of 19- said she was giving the police him after he was very apolo- He was a nice person. He is didn’t think it was him,” said Cisco was a “respectable man,” year-old Shenice Adderley, the benefit of the doubt, said getic for his behaviour. We not a violent person. He’ll walk George. He was in disbelief who did not trouble anyone. If whose body was found in the the son was handcuffed and made note of it, but decided around and sit there. He might when he finally learned it was he was hanging around down- Infant View Road cemetery taken to the Central Police Sta- that under the circumstances ask me for a cigarette. He don’t his big brother. town, “he is a Bahamian and on May 27, 2009. tion “to quiet him down.” we understood,” he said. bother with one soul,” said He said Cisco would always has the right to be anywhere Prosecutor Sandra Dee Gar- Superintendent Wayne The matter of the police another worker. stop to hail him at work every he wants to be,” she said. diner told jurors that the pros- Miller, officer in charge of the shooting on Thursday is still He was known to be a for- day, before catching a bus back “Bahamians are not to be ecution will present evidence Central station, said Mr Smith under investigation by the Cen- mer taxi driver. to Bain Town. Sometimes harassed in their damn country showing that Adderley and was arrested on the matter of tral Detective Unit, according The day he died seemed like George would give his brother by police for nothing.” Poitier had been in a relation- ship that ended several months prior to her death. She added that the prosecu- Draft prison bill to be FROM page one Prisoner is questioned over shooting tion also intends to present evidence to show that Adder- police have confirmed. A man with dreadlocks was said to have go off prison property during the day to released before end ambushed Smith as he approached the undertake paid employment at private ley had started a new rela- Meanwhile, a man who was injured in tionship, and because of this the Yellow Elder shooting is being ques- house. A man with dreadlocks was later establishments, was allegedly with Smith of year, says Minister seen leaving the area on a bicycle and at the scene of his death, despite it being Poitier killed her. First on the tioned in connection with the murder of witness stand yesterday was 27-year-old Marco Smith, in Ridgeland police appealed to any witnesses who against prison regulations for him to have FROM page three might have seen the man to come for- left his work site and not returned to Fox Detective Corporal Marvin Park, hours earlier. Cargill. He told the court that Several sources yesterday suggested ward. Hill prison. nomenclatures, but not in Janice Smith Butler, Smith’s aunt, yes- The pair were friends, it is alleged, with he went to the Veteran’s Smith’s killing was over an outstanding Cemetery around 7am on May essence to get away from the balance of $40 on a quantity of marijuana terday told of how her nephew – whose Smith also having served a prison sen- various ranks within the body she identified in the morgue – had tence. 27, and was directed to the and a lawnmower. partially closed grave of Aud- prison.” These latest developments regarding been struck by at least six bullets. It is not clear when the inmate – who is The minister added that Around two hours later police reported believed to have gone to the Ridgeland ley Humes. the questioning of the Yellow Elder man He told the court that he the intention is not to “cre- and the prisoner confirms The Tribune that two people sitting in a car in Yellow Park area with Smith after leaving his ate another bureaucracy Elder – a brother and sister – were shot at. Bernard Road worksite against prison noticed drag marks at the source’s claims that police suspect the two southern entrance of the outside of the prison.” daylight attacks are linked. The injured pair drove to Princess Mar- regulations – received his gunshot injury, He said the government is garet Hospital to seek treatment, leaving although sources suggest it may have been cemetery, which continued to The Yellow Elder shooting, which saw the grave. The officer said he in the process of “assessing a brother and sister injured when their their bullet-riddled Honda Accord parked at the scene of the Ridgeland Park murder and streamlining people into outside the Accident and Emergency of Smith. also noticed a disturbed area Honda Accord was shot at multiple times of vegetation near a wall and a a leadership track,” includ- at around 4pm Saturday was alleged to Unit. The incident has brought to the fore ing the chief officer, princi- The hospital was soon after placed on further concerns that this newspaper black and white tennis shoe. have been carried out in retaliation for Corporal Cargill told the pal officer, sergeants and the earlier killing. lockdown for security reasons for around understands existed among law enforce- some corporals, to create a two hours, ending at around 6.45pm. The ment officials about the integrity of the court that inside the grave, he Initial police reports told of how officers saw the body of a young system similar to the one received word of a shooting on Colleton brother and sister were still being treated prison’s work-release programme, in now operating in the Royal under police surveillance yesterday. terms of who is selected to participate in it woman. Street in Ridgeland Park west at around He said the woman had Bahamas Police Force. 2pm. What was not initially reported was that and supervision of those in it while at This would be separate it is believed that the prison inmate, who their work sites. drag marks on her body and On the scene, the lifeless body of Mar- had suffered a stomach and apart from the “normal” co Smith was discovered on the ground was participating in the prison’s extra- staff development training mural “work release” programme that • SEE PAGE 3 wound. outside a house where he had gone to get The officer said he pho- that is conducted in the something to eat. sees a select group of inmates allowed to prison, and would, he said, tographed the scene and place “those who are show- directed jurors through those ing the aptitude” on a “fast FROM page one tact police. son regain consciousness, nod- photographs yesterday. track” to senior positions, Arrest hopes At last report, Rashad had ding his head, to signal he The trial is expected to con- tinue today before Justice including the top job. was at the wrong place at the regained consciousness after knew they were present. Criticism has been lev- custody, they are confident a short coma, a move his doc- Rashad's father, Gregory Vera Watkins. Deputy Direc- that intelligence being gath- wrong time, and another vic- tor of Public Prosecutions elled at Prison Superinten- tim of the senseless violence tors described as "miraculous". Rolle, a 45-year-old self- dent Dr Rahming by the ered will soon lead to an arrest A bullet passed through his employed mason, and his Franklyn Williams, Yoland or arrests. sweeping the country. Rolle and Sandra Dee Gar- PSA for what they say is his Yesterday Mr Miller could head damaging parts of the mother, Janet Taylor, a 44- failure to plan for the future. "We are still investigating brain that control speech and year-old janitress, have said diner are representing the the matter, it's still open. not say who police suspect Crown. Dr Rahming’s strategy for was the intended target of movement. the events on that tragic day succession planning has We're looking at some good Recently his parents spoke have changed their entire Poitier is represented by information which we feel we the bullet, nor if they suspect attorney Terrell Butler. been to increase the overall the shooting to be gang-relat- of their relief at seeing their world forever. standard of performance for will be able to work with, and from that bring some resolu- ed. officers throughout the "We have some good infor- ranks by “doubling, perhaps tion to the case," said Glenn Miller, Assistant Commis- mation, intelligence informa- trebling the level of training tion that we're trying to piece we have exposed staff too.” sioner in charge of Crime. Nearly two weeks ago together. We wouldn't know He claims it is not his call to the exact (target) and who was hand-pick particular individ- Rashad, an eighth grade T A Thompson student, was wait- the intended target until we uals for the top jobs. get all the players in custody," The government’s plan ing at a bus stop at John Road with other students when a he told The Tribune. "I don't involves having potential want to be quick to say if it leadership candidates spend fight broke out at about 4pm. A short time later gunshots was gang-related or not, we time attached to US prisons are analysing our information and undergo formalised were fired. The boy was reported to as we go along". training, such as prison man- A $2,000 reward has been agement courses organised have sustained injuries to the left side of his head and was offered by the Bain and through the Caribbean Grants Town Association to Basin Security Initiative taken to hospital by ambu- lance. encourage persons with infor- (CBSI), according to the mation on the shooting to con- minister. His parents believe Rashad “We would like to have a streamlined structure at the prison and we are working towards that. Unfortunately we can’t do everything at the same time,” said Mr Turnquest. He said the public should bear in mind that the four top men in the police force, Elliston Greenslade, Marvin Dames, Hulan Hanna and Quinn McCartney, were identified in the mid-1990s as “top flyers” by the then Commissioner B K Bonamy, and this view was reinforced by his successor Commis- sioner Reginald Ferguson. Mr Turnquest said it was not until some 15 years later that all four of them assumed the top leadership positions. Once identified as likely leadership candidates, Mr Greenslade and Mr Dames were sent to Canada for training before they were respectively made commis- sioner and deputy commis- sioner of police. At the end of the day, Mr Turnquest said, “rehabilita- tion for reintegration into society is really the focus we are moving towards.” Suc- cess will be measured based on the extent to which the prison is a facility “where we can have true reform and rehabilitation.” “We do support the move from a basic lock-up mental- ity to a corrections mentali- ty. People who go to prison, who are sentenced to prison, are sentenced to pay a debt to society for a crime they would have committed. So there is no question that prison is a punishment, but in order to ensure it does not become a revolving door, to ensure the recidi- vism rate is not a very high rate, we have to ensure there are rehabilitative efforts taking place, and to ensure basic human rights of incarcerated prisoners are adhered to.” TO DISCUSS STORIES ON THIS PAGE LOG ON TO WWW.TRIBUNE242.COM
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PAGE 10, TUESDAY, SEPTEMBER 28, 2010 THE TRIBUNE
LOCAL NEWS spanned a time before the cou- ple had even met and docu- Arawak mented the birth of each of their four children. Mrs Gibson-Wood said: “This was the only building Homes here, this was a corner lot when we first got this property. Since FROM page one then government had already started to put in infrastructure Frederick Wood, a 44-year- around here, I don’t know who old auto mechanic, and his wife stopped it or why they stopped Maria Gibson-Wood, a self- it. This is the only road that employed interior decorator, they move over that they didn’t told The Tribune of the ulti- put a name on it – you tell me mate devastation they experi- why they didn’t put a name on enced when they returned to it. We slaved to build this find their home completely house, nobody know if we eat demolished. They had put bread or water, we are not every cent they had into pur- DEMOLITION: Maria Gibson- proud people, we are not hearty chasing land on the new subdi- Wood in the rubble of her house people, we are children of the vision being developed south Lord – we wanted a home for of Charles W Saunders High- told The Tribune he had “a lot our children and anybody else way and building a home they – of issues to deal with” and who needed a place to stay.” and their four children – could couldn’t “deal with it right Several messages left for call their own. now.” At that time, Mr Wilson Keith Bell, general legal coun- The statement by Arawak neither denied nor confirmed sel at Arawak Homes, and Tar- Homes explained that the his company’s involvement. vares Laroda, assistant to gen- demolition of the Wood’s home The press statement added: eral legal counsel, were not – referred to as “an incomplete “All relevant parties have had returned up to press time. The structure in Sir Lynden Pindling their day in court, particularly company’s statement also noted Estates” – was the consequence since these above mentioned its plans to release a full report of a complex process that rulings were preceded by others on Pinewoord Gardens, where spanned over a quarter of a which went all the way to the they claim there are “hundreds century. Privy Council. of persons involved in similar The statement read: “The “Despite the strength of its trespass.” basic position is that there was, legal position and in keeping One Tribune reader com- and continues to be, wide- with its corporate policy, since mented: “How many stories spread trespass on property 2003, Arawak has given the like this have we read in this owned by Arawak Homes. This particular trespasser numerous past year alone regarding is fully established in law by opportunities to cooperate in Arawak Homes and this type multiple rulings of the Supreme curing the trespass by means of activity? Is there going to be Court, dating back as far as other than what transpired on an independent investigation? I 2003.” Friday past. extend my prayers and well On Friday, in the presence “Unfortunately these efforts wishes to the Wood family, and of officers, security guards were generally resisted, some wish them luck in what could handed Mr Wood a copy of a in ways which threatened the possibly be a civil litigation mat- Supreme Court ruling showing personal safety of employees ter. Arawak Homes Limited as a of the company.” “Since these Arawak Homes plaintiff, John Sands as the first The Wood family maintain people seem so happy to willy- defendant, and Smith, Smith & Arawak Homes gave them no nilly destroy things and always Co (sued as a firm) as the sec- notice of the demolition to their preaching about legal rights this ond defendant. However, at dream home, which took their and responsibility that, I want that time Mr Wood said all the family over eight years and all to know when the government names listed in the ruling were their finances to complete. The gone make them responsible meaningless to him. He also building, which was in its final for that mess they created call noted that the document did stages of completion – Mr Pinewood Gardens and the not bear an official stamp. Wood planned to go to Town flooding and poor construction Franklyn Wilson, chairman Planning this week to apply for of homes there. Plenty of us of Arawak Homes, brushed off electricity – was said to have had our belongings destroyed questions put to him yesterday been fully furnished, housing over and over again because of about Friday’s demolition, and memories and belongings that this.” PLP set to assist finding attorneys for straw vendors FROM page one possibility be selling it in a government-spon- sored market. JFK airport. “And if one were selling it, one would gather However, yesterday a representative from the that they could not possibly be paying customs PLP said the issue surrounding this matter goes duty on it,” the source said. beyond the abuse of intellectual rights, and into Opposition MPs Fred Mitchell and Alfred a larger sphere. Sears are both reportedly set to speak at today’s “Surely what happened with these women, we press conference. can not say that they were on their own. They had With a tentative first hearing of the nine straw full license by the government which also col- vendors set to take place in New York on Octo- lects taxes from them. So that is really the issue. ber 4, The Tribune understands that a contin- In other words, what is our responsibility to these gent of PLP MPs will also travel to New York for people, in terms of education and incentivising the hearings and provide what legal counsel they local indigenous crafts. can. “We need to call a spade a spade. What is the According to party sources, a ‘forum non con- responsibility of the Bahamian government for veniens’ argument is expected to be raised by being complicit in this. the straw vendor’s court-appointed public defend- “One would have thought that if you were er, to essentially have the matter returned to the being prosecuted for such a thing you could not Bahamas for hearing. FROM page one Carl Bethel hits out constituency, formerly Holy Cross constituency. quest and Henry Bostwick, who ly stripped of their nominations “Secondly, the performance were intent on ensuring that the following day, when the of my constitutional duty as the FNM never became a party word “came down”, as occurred chairman, to preserve the foun- where the dictates of any in the PLP on the “night of the dational FNM principles of minority group could override long knives” in 1976. ensuring inclusive democracy the democratic will of rank and “These enduring principles and procedural fairness in all file FNMs in their constituency make the FNM different, dis- the activities of the party, is associations, which is the tinctively different, from the unwavering. bedrock of the party,” Mr PLP. My commitment to ensur- “The principles of inclusive Bethel said. ing procedural fairness and democracy and procedural fair- This enduring commitment, inclusive democracy in the Free ness were of fundamental the party’s chairman said, to National Movement is fully importance to the founding procedural fairness and inclu- consistent with my ongoing fathers of the party, among sive democracy has ensured commitment to the residents of whom were Cecil Wallace- that the FNM is not a political the Sea Breeze constituency, Whitfield, Kendal Isaacs, party where any group of MPs and the wider FNM member- Arthur Foulkes, Orville Turn- could be nominated by the ship, all of whom I am privi- council one day, and summari- leged to serve,” he said. Reports: 80 to lose jobs at ZNS FROM page one ference stemming from changes to ZNS' Grand Bahama office, the northern service, which was tial estimate given. said to be facing the biggest cut with staff levels The board met with unions yesterday, pre- being reduced from 48 to 26. That number was senting members with the revised structure of said to have increased only minimally, the how the corporation is going to look going for- accounting department will be reduced to 10 – ward. three more than the initial estimate – and the It was reported board members offered union operations department staff will also be down- leaders the opportunity to choose among them- sized to 10. The marketing and sales department selves the names of those persons who will be cut, will be slashed to three persons and the radio however the unions reportedly denied the offer. department will be reduced from 23 to 12. The confirmed cuts differed slightly from what According to sources, the corporation expects was originally announced, with the biggest dif- to complete its transition to public service broad- caster by the end of this year. ‘Mother’ Pratt fears gang war stituency office, the former Smith and his friend had FROM page one Minister of National Securi- stopped for something to eat ty voiced concerns over trou- on Colleton Street, Ridgeland bring them together, and if bling reports of youth vio- Park west, when the incident its education then we need lence. eye witnesses described as a to reach the young ones and According to Mrs Pratt, the hit-type killing occurred. teach them a better way,” brazen daylight murder of 27- Mrs Pratt added: “I’m real- she said. year-old Marco Smith, on Sat- ly concerned about the rival- “If you could try and get urday afternoon, is just one ries in the area. I just want them involved in positive of many retaliation acts the them to live in peace, because activities. I believe if I teach children in her constituency it’s not good for any of us. We you to fish then we can all live tell her take place on the have to try and bridge the gap in the same community and I streets nearly every day. through education. The won’t be bombarding you or Mr Smith was shot in the opportunity is here, now we you bombarding me.” head when he and a friend have to try and encourage While speaking at the were allegedly ambushed by them to get involved, and opening of a new after school two men on bicycles. realise there is a future for programme at her con- It was reported that Mr them.”
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PAGE 16, TUESDAY, SEPTEMBER 28, 2010 THE TRIBUNE
LOCAL NEWS Aquinas College AQUINAS College opened the Curry Theatre last week in honour of the first lay Bahamian principal of that school, Andrew Curry. With a seating capacity for 63 people, students will entertain members of the public in a concert this October, featuring selections from the choir, violinists, and a small production by the drama team. Since the start of the academic year, students have been learning the violin and are taking part in several new electives such as Study Skills and Library Skills, according to Shona Knowles, Aquinas principal. In the Study Skills course, students are taught how to study and plan their academic year, in addition to identifying if they are audio, visual, kinesthetic or tac- tile learners. Ms Knowles expects fierce competition in a matter of weeks, when students will campaign against each other to win votes in an election that will decide one class president and vice president. First Class is a new regular feature showcasing the youngsters who have started at a new school and is dedicated to the teachers and staff who help them settle into their new sur- roundings. To get your new starters featured, contact Reuben Shearer at The Tribune on 322-1986 or email [email protected].
THE CLASS poses together for a photo with Senora Ali Gibson.
SPANISH TEACHER Senora Ali Gibson works with the students.
DARIN MOSS finishes up his classwork.
ANTONIA KERHA OXLEY raises her INGRAHAM is hand to answer a question. eager to ask a question of Senora Gibson.
LAGREA HIGGS hard at work.
AUSHANTI KNOWLES uses one of the new pens from her pencil case to complete her classwork.
SHARLOT GARGOLES takes a quick look at her notes. TO DISCUSS STORIES ON THIS PAGE LOG ON TO WWW.TRIBUNE242.COM
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THE TRIBUNE
TUESDAY, SEPTEMBER 28, 2010 SECTION B • [email protected] Bahamas Yacht registry’s eyes airlift Property Fund in boost from $100m value goal October launch * Bahamas Maritime Authority aimsing to increase annual $1.4bn deal BISX-listed entity aiming to almost double in value and size from $6m contribution to government’s coffers with roll-out of I news initiatives Southwest’s $1.4bn current $55m level, but acquisition targets few and far between * Hong Kong and Greek offices to open before year-end, Air Tran purchase Plans to resume dividend payments to investors by year-end 2010, and put Bahamas ‘front and centre’ in shipping industry could reduce ticket I * Bahamas reaches ‘Utopia’ with impending prices and enhance if no purchases on horizon registration of 200-apartment, 108,000 gross tonnes airlift into nation I Debt-to-equity ratio at 50%, giving fund major leverage capacity to floating luxury palace take on debt financing By NEIL HARTNELL I Net income for half-year down almost 19%, due to 15% Financial Tribune Business Editor Centre vacancy and $175k preference payments associated with last The Bahamas will formally launch its yacht registry at the Fort Lauderdale International Boat Show next month, deal the Bahamas Maritime Authority’s (BMA) chairman said yesterday, telling Tribune Business that the organisation By NEIL HARTNELL debt-to-equity ratio of around aimed to increase its annual $6 million contribution to the Tribune Business Editor 50 per cent, the Bahamas Government’s coffers over the next two years. Property Fund had significant Confirming the BMA’s plans for the official yacht registry The Bahamas Property debt-carrying capacity to be launch via a fully staffed booth and exhibition at the Fort Fund’s creator is still targeting able to finance new acquisi- Lauderdale show, Mr Fair said the Authority also had rep- a $100 million value for the tions. resentatives present at the Monaco Yacht Show two weeks BISX-listed fund, almost dou- The major impediment to ago. VINCENT bling its current $55 million the mutual fund/real estate When asked by Tribune Business about the status of the VANDERPOOL-WALLACE size, with plans to resume div- investment trust’s growth yacht registry plans, he replied: “Done. We’re just tweaking idend payments to share- towards that $100 million val- the code right now. It is complete, and all the bits and pieces By CHESTER ROBARDS holders by year-end 2010. uation target, Mr Anderson are in place.” Business Reporter Michael Anderson, presi- said, was a lack of suitable While he did not expect the Bahamas’ yacht registry to [email protected] dent of RoyalFidelity Mer- acquisition opportunities. “take off like a rocket”, snatching major chunks of market chant Bank & Trust, which “We still have in our minds share from the likes of the Cayman Islands and the Marshall The $1.4 billion purchase sponsored the fund’s creation that we’d like this fund to be Islands, Mr Fair said it was “significant missing element of Air Tran Airlines by in late 1999 and now acts as its Southwest could increase administrator, told Tribune SEE page 4B SEE page 3B the number of low-cost MICHAEL ANDERSON Business yesterday that with a carriers serving the Bahamian market to four, a development the minister Bahamas broker of tourism and aviation Festival’s ‘fringe’ said yesterday could open more Bahamas/US routes in ‘tentative’ deal and decrease the cost of economic boost travel to this country. Vincent Vanderpool- to settle with SEC By CHESTER ROBARDS Wallace said the Ministry $4.3868 Business Reporter of Tourism and Aviation [email protected] for years had sought to By NEIL HARTNELL confirm to it whether the $4. $ convince Southwest to Tribune Business Editor commissioners had “finally A FIRST-of-its-kind arts and cultural festival, Carifringe, is open up routes to this mar- approved or rejected the expected to create a small economic boost for Nassau between ket, and for years it was A Bahamian broker/deal- tentative settlements” with $4.3751 October 1-11, one of its organisers told Tribune Business yesterday, told “not at this time”. The er and its Bermuda affiliates LOM Securities (Bahamas), as particpants jet in for the festivities. Air Tran deal, though, have reached a “tentative” its affiliates and their princi- $4. Jonathan Murray said businesses that partnered with Carifringe could leave four low-cost agreement with the Securi- pals. will be obtain a direct economic boost as a result of the association, carriers serving the ties and Exchange Commis- As court documents make $4.2269 with the potential for developing long-term growth through the sion (SEC), the US capital clear, LOM (Bahamas), its affiliation. Bahamian market, with $4. Mr Murray added that while this is Carifringe’s pilot year, it is Southwest joining Jet Blue, markets regulator, to settle affiliates and the Lines likely that the festival won’t be in debt and will be able to cover Spirit and WestJet. allegations that they com- brothers have continually, The information contained is from a third costs. He said organisers worked closely with the organisers of Now, the possible acqui- mitted securities fraud by party and The Tribune can not be held SEE page 4B responsible for errors and/or omission SEE page 5B sition of Air Tran will “manipulating the stock from the daily report. mean that for the first time prices of [two] publicly trad- in its history, Southwest ed shell companies”. will fly international Court documents filed in routes. However, it is not the southern New York dis- yet known if the Bahamas trict court on Friday con- will remain on its list. firmed that LOM Securities [ Learn more at royal delity.com ] “We are interested in (Bahamas), which is based continuing service to many at the British Colonial if not all Air Tran mar- Hilton’s Centre of Com- kets,” said Southwest merce in downtown Nassau, spokesperson Ashley Dil- its Bermuda and Cayman lon. “There are no details affiliates, and principals on specific markets.” Scott and Brian Lines, had Air Tran began service “reached a tentative settle- into the Bahamas only late ment” with the SEC, which last year, causing an expan- required only the approval sion of airlift from Orlando of the regulator’s commis- and Atlanta. sioners and counsel. What are you doing after work? The US court ruled that SEE page 5B the SEC’s attorneys had Life doesn’t end when work does. until October 8, 2010, to
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PAGE 2B, TUESDAY, SEPTEMBER 28, 2010 THE TRIBUNE
BUSINESS RND switches name to Colina Real Estate
RND Holdings has market opportunities we are 9, 2009, the company [Colina changed its name to Colina pursuing." Holdings (Bahamas)] had Real Estate Ltd, a move that Colina has owned shares in acquired a total of 4,482,314 better reflects its transforma- RND Holdings since the lat- shares at a cost of $0.40 per tion from cinema operator to ter’s initial public offering in share, representing a 50.6 per property holding company, 1998, but acquired a majority cent shareholding," the finan- and Colina Insurance Com- interest over the past year. cial statements said. pany’s acquisition of an Senator Fitzgerald said the "The company has almost-80 per cent majority new ownership structure has acquired RND to expand its interest in the publicly traded created certain synergies to investment property holdings firm. increase Colina Real Estate’s to support its life insurance A motion calling for the cash flow, improve the physi- liabilities over the long-term." name change was raised as a JEROME FITZGERALD cal plant of portfolio proper- There is little doubt that matter of extraordinary busi- business ventures over the ties, and bolstered investor Colina Holdings (Bahamas) ness at RND’s Annual Gen- years. confidence. acquired majority control at eral Meeting on September “However, RND as we Colina agreed to a restruc- RND Holdings for a relative 23, 2010 and was agreed by know it today is essentially a turing of RND’s long-term bargain price, since its the company’s shareholders. real estate holding company debt in March 2010, thereby accounts record a $2.054 mil- “The company has evolved with strong assets in New allowing the company to liq- lion "gain on bargain pur- quite a bit since we branded Providence, Grand Bahama uidate all its aged payables chase" among its investment ourselves RND Holdings and assume a positive cash income gains during 2009. and Abaco. We are really Lennox McCartney's luncheon presentation back in 1994,” said its chair- flow position. This "bargain" occurred PRESENTATION: excited about the move going to BFSB's Captive Insurance Seminar. man, Senator Jerome Fitzger- forward, and are focused on Colina Holdings (Bahamas) because it acquired its 50.6 ald. "Starting out as a lucra- our core business. Colina refinanced RND Holdings’ per cent share of RND's tive multiplex enterprise, we Real Estate Ltd is a name that existing bank debt with a $3.7 $7.498 million net assets, have restructured our asset better reflects both our core million mortgage, its audited worth $3.794 million, for $1.74 Insurance regulator base to pursue a number of business as well as the new financial statements for fiscal million. The latter figure is 2009 revealed. RND Holdings the sum spent on building generated $43,926 in net Colina Holdings (Bahamas) hires top Canadian income for the BISX-listed majority interest in RND's life and health insurer in 2009 ordinary shares. during the almost-six months The balance sheet details following the acquisition of provided for RND Holdings The Insurance Commission commissioned and presented its majority stake. Some at the June 9, 2009, acquisi- of the Bahamas has hired a vet- with great ideas and enthusi- $815,191 in revenue also tion date show why the com- eran Canadian regulator to asm, and then left on the flowed to Colina Holdings pany needed a 'saviour' in the head-up its supervision depart- shelves to gather dust. I could (Bahamas) benefit. form of Colina Holdings ment, in addition to engaging safely say that that is not the "From the date of acquisi- (Bahamas). numerous consultants to help case with the recommendations tion, RND has contributed RND had just $1,459 in beef-up its enforcement and made by this report as far as $815,191 of revenue and cash at the balance sheet date, technical capacities. the insurance regulator is con- $43,926 to the net profit indicating that just about all Addressing a recent cerned here in the Bahamas. Bahamas Financial Services “I would like to assure you before non-controlling inter- the rental cash flow from its Board (BFSB)-sponsored cap- that the Commission is very ests of [Colina Holdings investment properties - the tive insurance seminar, Lennox committed that we meet our Bahamas]," the insurer's RND Plazas in Nassau and McCartney, the Commission’s stated goal of a 30 day turn- financial statements said. Freeport - was being sucked superintendent, said the regu- around time for restricted cap- While Colina Holdings up to repay/service bank debt lator was committed to “doing tive applications, once all of the (Bahamas) and its fully- and other liabilities. our part to help develop a com- required documents are in owned subsidiary, Colina Some 97.9 per cent of petitive and vibrant interna- hand. We have committed to Insurance Company, had built RND's assets, $11.559 million tional insurance industry in the this and we are pretty much on up a 24.8 per cent stake in out of $11.804 million, were Bahamas”. target.” RND Holdings as at 2008 tied up in the value of its illiq- He said a consultant’s report The Commission made an year-end, via the purchase of uid real estate holdings. highlighted three key commit- immediate assessment of its 2,197, 779 shares, it took This was matched against ments required from the Com- technical capacity, and recruit- another six months for them liabilities that were more cur- mission to support develop- ed additional staff to address to acquire a majority. rent, including a $3.064 mil- ment of a captive insurance reg- gaps in the competencies and "During 2009, through lion bank loan; $197,191 in ulator in the Bahamas, namely expertise needed to meet its additional purchases of shares bank overdrafts; and $877,716 : obligations. Recently engaged on the open market as of June in accounts payables and oth- was Arvind Baghel, a seasoned er liabilities. 1. To support the develop- insurance regulator (from the Subsequent to Colina Hold- ment of the industry Canadian regulator, OSFI) who 2. Become an independent now heads its supervision ings (Bahamas) financial year- Insurance Commission department. end, it acquired a further 2.8 3. Recruit regulatory staff In early 2010, the Insurance million RND Holdings shares with international Insurance Commission entered into a Do you know that your favourite in a series of transactions in Experience partnership agreement with the January and March 2010, tak- Toronto Leadership Centre to ing its controlling stake to 79.8 Mr McCartney said: “Many enhance its supervisory teachers can WIN $1000! per cent. times consultants’ reports are methodology. The Centre will provide two experts on insur- ance and risk-based supervision to the Commission, on both an on-site and off-site basis, for up to 10 weeks per year, and to 127,&( work with the Commission and ,17(51$7,21$/ %86,1(66 &203$1,(6 $&7 its staff to establish realistic supervisory objectives. 1R RI The Commission has also ,Q 9ROXQWDU\ /LTXLGDWLRQ engaged international consul- tants to review the actuarial lia- bilities of the life and health 1RWLFH LV KHUHE\ JLYHQ WKDW LQ DFFRUGDQFH ZLWK 6HFWLRQ carriers. Reinsurance consul- RI WKH ,QWHUQDWLRQDO %XVLQHVV &RPSDQLHV $FW 1R RI tants were also engaged to review the reinsurance pro- %((+,9( ,19(670(176 /7' LV LQ GLVVROXWLRQ 0U 0DU grammes of the general insur- FRV $QWRQLR 0XQR] LV WKH /LTXLGDWRU DQG FDQ EH FRQWDFWHG DW ance companies. &DOOH $ 1R &LXGDG 5DGLDO -XDQ 'LD] &LW\ RI 3DQDPD Insurance supervisory con- sultants were engaged to com- 5HSXEOLF RI 3DQDPD $OO SHUVRQV KDYLQJ FODLPV DJDLQVW WKH plete the review the Commis- Nominate them today for the DERYHQDPHG FRPSDQ\ DUH UHTXLUHG WR VHQG WKHLU QDPHV DG sion’s compliance with interna- tional standards, and to make Sir Gerald Cash National GUHVVHV DQG SDUWLFXODUV RI WKHLU GHEWV RU FODLPV WR WKH /LTXLGDWRU recommendations on the organ- EHIRUH 2FWREHU WK isation and structure of the office. The Commission used Distinguished Teachers’ Awards! the results of these consulta- tions to chart the way forward in 2010. The regulator is cur- rently canvassing the industry for representatives to serve on its Industry Advisory Commit- tee. Fill out a nomination form today available at: www.fidelitygroup.com/ndta Winners will receive: $1000 & will be inducted into the NDTA Hall of Fame!
You can nominate for any one of the following categories!
2 Pre-school Teachers 2 High School Teachers 2 Primary School Teachers 1 All Age School Teacher 2 Junior High Teachers 1 Special Needs Educator
For further information you may email us at: [email protected] Nominations close on October 15th , 2010
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THE TRIBUNE TUESDAY, SEPTEMBER 28, 2010, PAGE 3B BUSINESS ‘Last key barrier to competition’ By NEIL HARTNELL and has several benefits, includ- the areas of Internet, video, entity and BTC at the expense the two 'incumbents' to truly ed that Cable Bahamas' deci- Tribune Business Editor ing enabling service provider data and voice traffic, could of all others. go head-to-head. Whether this sion to move now on executing choice, convenience to cus- impact the maintenance of a Indeed, Cable Bahamas has happens at the expense of the call option to acquire SRG A major telecoms operator tomers, and avoids having to 'level playing field' in the made no secret of its desire to increased competition from indicated it was extremely con- yesterday welcomed the inform friends, family and busi- telecommunications industry. obtain a cellular licence when rival operators is likely to fident that it would pass all issuance of a survey seeking ness contacts about a number "I think it will have an impact that sector is opened post-pri- weight heavily in URCA's URCA's Significant Market feedback on telephone number change.’ on the market, and issue like a vatisation, something that deliberations, with the regulator Power (SMP) obligations in portability in the Bahamas, URCA said that while the level playing field and compe- would further a duopoly posi- also having to take into account short order. This requires it to something that is viewed as Bahamas Telecommunications tition," Mr Sumner said. tion if granted. And, if Cable whether the Bahamas' rela- complete the accounting sepa- “one of the last significant bar- Company (BTC) and Systems "Frankly, I think the deal is & Wireless becomes the pri- tively small 300,000-350,000 ration for all its business lines, riers to competition” in fixed- Resource Group (SRG), via going to be anti-competitive to vatisation partner for BTC, it population can sustain more in addition to splitting off - or line and cellular telecommuni- IndiGo Networks, were the the market. I have similar con- will bring its video/TV offering than just Cable Bahamas/SRG unbundling - its cable TV offer- cations. major fixed-line providers cur- cerns about the BTC deal [pri- to that company, positioning and BTC. One source suggest- ing from its Internet business. Responding to the Utilities rently, there was the possibility vatisation]." Regulation & Competition of extra competition from The opposition from rival Authority’s (URCA) survey Cable Bahamas and IP Solu- telecoms players, especially release, Anthony Butler, Cable tions International. And num- smaller ones and start-ups such Bahamas’ president and chief ber portability would become as IP Solutions International, executive, said the Bahamas even more important when is both predictable and under- was now following number BTC’s cellular exclusivity standable, since they will fear portability trends established expired in two years’ time. the merged entity - together in other markets that had Cable Bahamas is pushing with a privatised BTC - will deregulated. number portability because of have enough market share, “It’s good for the consumer, its impending entrance into the economies of scale and power and consumers tend to be iden- fixed-line market via its 100 per to force out all rival operators. tified by their phone numbers cent purchase of SRG, which Both Cable Bahamas/SRG and now,” Mr Butler told Tribune is now awaiting regulatory BTC have their own infra- Business. “It’s more of a per- approval. URCA yesterday structure and networks, a price- sonal phone now. It follows the extended the deadline for sec- less advantage, since other trends in other deregulated tor and public feedback on the operators will either be forced markets, and this market is also proposed Cable Bahamas/SRG to finance their own or deregulating.” merger from Friday, October rent/lease from the two incum- Number portability allows 1, to next Tuesday, October 5. bents. consumers to retain their exist- Views have already been Market observers have ing numbers when switching to expressed that the deal could already privately told Tribune another telecoms provider, thus be “anticompetitive” and have Business that Cable Bahamas' enhancing choice and conve- a detrimental impact on the decision to formally consum- nience, and making for a more Bahamian market. mate its marriage with SRG, competitive market. Edison Sumner, IP Solutions something that has been in the Usman Saadat, URCA’s International's president, told making for five-six years, seems head of policy and regulation, Tribune Business that the to presume that the Bahamian said in a statement: “Number planned merger, which would communications market will portability is one of the last sig- create a 'Triple Play' provider effectively evolve into a duop- nificant barriers to competition of communications services in oly, dominated by the merged Yacht registry’s October launch registry, the Utopia,” Mr Fair told Tribune FROM page 1B Business. “It’s a new 108,000 gross tonnes, 200-apartment vessel. It’s like a floating apart- from our offering”, especially given this ment building. It’s being built in South Korea, nation’s attraction for cruising yachtsmen and and being registered with us. It’s a significant its position as a major private wealth man- one, because it’s a big one, a major ship. agement centre. “It points to why we opened an office in Private banking clients were also typically the Far East. We felt Hong Kong was the obvi- yacht owners, Mr Fair said, adding: “I would ous choice. It’s the central location in Asia, hope that people can walk around a marina in but it’s also a significant centre, and we have the Bahamas and see the Bahamian flag on close links to Hong Kong through Hutchison these yachts, not that of Guernsey, Bermuda Whampoa and the Freeport Container Port.” and the Marshall Islands.” Mr Fair said he had visited Hong Kong to The BMA chairman added that inquiries select office space for the BMA in April this about yacht registration had already been year. The BMA was moving someone from received, and told Tribune Business that this its New York officer to act as registrar, and was initiative, along with other plans in the now seeking technical staff. pipeline, would hopefully increase the $6 mil- “It will be a fully staffed office and a key part lion in fees that the organisation paid the Gov- of the BMA going forward,” Mr Fair said, ernment annually. adding that with the shipbuilding activity going “Hopefully, we can make it much more,” on in China and South Korea, the Bahamas Mr Fair told Tribune Business. “It’s been flat needed to be “front and centre” in the region. the last two years, but it’s not gone down, and He added that the BMA was also seeking to in the current environment that’s a pretty good open its Greek office “before the end of the situation. Over the course of the next two year”, that country being where the Bahamian years, with some of the things we’ve been registry’s existing “significant ship owners” doing, we’ll be able to increase that.” are based. There was also a possibility that He explained to Tribune Business that a the BMA office there could act as a “cata- major goal of his, upon becoming BMA chair- lyst” for increased business links between man, was to “raise the profile” of the organi- Greece and the Greek Bahamian community. sation and show Bahamians and the global “It’s been an exciting year,” Mr Fair said. shipping industry that it truly was a ‘third pil- “One of the things I recognised when I became lar’ of this nation’s economy. chairman was the need to raise the profile of Key components of this strategy are to the the BMA, and demonstrate there were more BMA’s Hong Kong office opening on October than two legs to our economy.” 25, coupled with the opening of its Greek Adding that it was correct to describe the office before year-end. These moves are maritime sector as the third largest contributor designed to position the BMA and, by exten- to Bahamian GDP, Mr Fair added: “There sion, the Bahamas at the heart of the ship are so many segments to the maritime industry building and ownership world, bringing the that we tend not to look at the whole, and not organisation closer to current and potential realise how important it is and could be.” clients. “We’ve just landed a big new ship to the Attorney takes STEPs on foundation effectiveness
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PAGE 4B, TUESDAY, SEPTEMBER 28, 2010 THE TRIBUNE
BUSINESS Bahamas broker in ‘tentative’ deal Property Fund in $100m value goal to settle with SEC The BISX-listed fund had Anderson suggested that For the half-year to June rental increases built into FROM page 1B FROM page 1B stopped paying dividends to many were “holding on” in 30, 2010, the cost of financ- most leases. The bulk of the its Bahamian shareholders the hope that prices would ing the Providence House problem lies at the Financial $100 million in size, and we’re last year, as it sought to con- improve in line with the econ- purchase via $175,000 in pref- Centre, where we’ve got and strenuously, denied all currently sitting around $55 serve capital and ready its bal- omy. erence share interest pay- space we’ve been unable to allegations levelled against million,” he told Tribune ance sheet for the possible “It’s hard to sell most things ments to the former owner, rent during this difficult peri- them by the SEC since the Business. “We’d like to be UBS purchase, but with no today at the price you want,” something it did not have to od for the global financial sys- charges were first filed in the around $100 million, and to potential deals on the hori- he added, “so most people make in the 2009 compara- tem. The big banks that might New York district in have a slightly wider diversi- zon that position appears who have a building are say- tive period, and the 15,000 have rented space are not December 2008. fication in terms of proper- ready to change. ing: ‘Let’s wait for a better square feet of vacant space at here.” The SEC alleged that its ties...... deal.’” the Bahamas Financial Cen- claims stemmed “from two “We’re ideally positioned Dividends The BISX-listed entity tre, depressed the Bahamas separate, but similar, for acquisition, and just need seeks high-end, unique prop- Property Fund’s performance. Costs fraudulent schemes to to find the right properties. erties that have a certain Net income dropped by “We stopped paying divi- As a result, the Bahamas manipulate the stock prices We haven’t seen much recent- exclusivity and ‘stand out’ in 18.3 per cent year-over-year dends a year ago when we Property Fund was having to of publicly-traded shell ly. We’re not really interested the market, providing both an to $870,015, compared to looked at the UBS transac- carry the common area main- companies quoted on the in small buildings, and have existing client base and $1.065 million in the 2009 tion, and if nothing comes on tenance (CAM) costs associ- over-the-counter bulletin not seen a sizeable investment opportunities for increased half-year, despite rental rev- to the market in terms of ated with 15,000 square feet, board, Sedona Software opportunity for a while.” cash flow via lease increases. enues growing by 3.7 per cent acquisitions, we will look at out of 100,000 total square Solutions and SHEP Tech- The Bahamas Property Hence the reason why its to $2.023 million from $1.952 paying a dividend by year- feet, that was vacant at the nologies”. Fund had been eyeing the end,” Mr Anderson told Tri- three-strong property portfo- million the year before. Total purchase of UBS House on Bahamas Financial Centre. A On the Sedona front, the bune Business. “The cash is lio to date comprises the income (revenues) also rose US regulator alleged that East Bay Street around Bahamas Financial Centre in by 4 per cent to $2.047 mil- depressed commercial prop- building up on the balance erty market also means there LOM (Bahamas), the Christmas 2009, but its inter- sheet, and there’s no point in downtown Nassau; the One lion, compared to $1.968 mil- is more competition for Lines’ brothers and other est in the $22-$23 million deal keeping it unless you’re going Marina Drive office building lion in 2009. potential tenants. waned after the Swiss bank to use it. We’ve got more cap- on Paradise Island; and Prov- Mr Anderson reiterated LOM affiliates had com- While the Bahamas Prop- imposed terms and conditions ital than we need.” idence House on East Hill that the Providence House mitted securities fraud by - including price - that made When asked why commer- Street, the current home of purchase was always going to erty Fund had expected to “aiding and abetting” the the deal unattractive for the cial real estate owners were PricewaterhouseCoopers be ‘cash flow neutral’ for the rent out 3,000 square feet of activities of a trader named Bahamian market. currently reluctant to sell, Mr (PwC) Bahamas. Bahamas Property Fund for the vacant Financial Centre Anthony Wile, who had the first few years, the space by now, Mr Anderson previously settled SEC increase in rental income that said its performance year-to- charges against him. it produced during the 2010 date had largely been in line THE COLLEGE OF THE BAHAMAS first half being offset by the with budget. carrying cost of funds via the With the Financial Centre Abetting Visit our website at www.cob.edu.bs preference share payments. 85 per cent occupied, Provi- The fund’s ‘other expens- dence House and One Marina As for the SHEP side, Gain a competitive edge and enhance your workplace es’ also grew by 40.7 per cent, Drive were both virtually at the SEC again claimed that from $365,495 in 2009 to 100 per cent, the latter only LOM (Bahamas), its fellow performance through the $514,078 for the six months having 1,000 square feet entities and the Lines Certification in Performance Management to June 30, 2010, something vacant. brothers had committed “I’m very happy with where offered by Mr Anderson said was “asso- securities fraud by aiding ciated with the free space at we are,” he added. and abetting the trading “The net asset value (now The Centre for Continuing Education and Extension Services the Financial Centre that activities of William Peev- we’ve been largely unable to at $14.36 per share) contin- (CEES) ues to grow. It’s a period that er and James Curtis. rent”. “Defendants Brian Despite the net income we have to go through, but I COURSES INCLUDE: drop, which saw the Bahamas think we’re doing fairly well Lines, Scott Lines and through them LOM Ltd, • Performance Management Practicum Property Fund’s earnings per overall. share (EPS) fall from $0.44 “It would just be nice if we LOM Bermuda, LOM • Foundations of Course Design and Development for Job Trainers to $0.36 year-over-year, Mr could get some more cash Bahamas and LOM Cay- • Project Management for Job Training Anderson described its per- flow from it. man also unlawfully sold • Ethics and Professional Responsibility formance as “not bad”. “We’re still generating unregistered SHEP securi- • How to Work With and/or Mentor Difficult People He pointed out that as it good cash flow, paying down ties in violation of Section continued to pay down the the loan, and debt as a com- 5 of the Securities Act,” loan that financed the initial ponent of the balance sheet the SEC alleged. Sign up today. Bahamas Financial Centre is so small compared to capi- “The Commission fur- acquisition, the Property tal. ther alleges that Brian Deadline to Enrol: 29th September, 2010 Fund’s interest expense was “The debt-to-equity ratio is Lines, Scott Lines and, like 50 per cent.” dropping, down from through them, LOM Ltd, $448,294 in the 2009 first half This means that for every For more information call (242) 325-5714/328-0093/328-1936, to $420,074 this year. dollar in debt owed, the Prop- LOM Bermuda, LOM visit us on Moss Road in Oakes Field With Providence House erty Fund has $2 in capital, Bahamas and LOM Cay- or log on to http://www.cob.edu.bs and click on the rental rates set to be renego- giving it significant leverage man failed to report bene- tiated next year, Mr Ander- capacity and also minimising ficial ownership of SHEP “Continuing Education” link. son said: “We’ve got ongoing risk associated with it. securities, and aided and abetted the failure of Peev- er and Curtis to report their beneficial ownership in SHEP.” /RYH%HDFK&RWWDJH In response, LOM %HG %DWK *DWHG )XUQLVKHG (Bahamas) and its affiliates said there was no evidence $OO XWLOLWLHV RQ RZQ JDUGHQ to support the SEC’s SULYDWH EHDFK DFFHVV ORYHO\ claims against any of them, and there was nothing to SHU PRQWK H[FOXGLQJ XWLOLWLHV suggest they had commit- ted securities fraud or ORYHEHDFKFRWWDJH#JPDLOFRP manipulated the prices of %$+$0$6(/(&75,&,7<&25325$7,21 any stocks. 9$&$1&<127,&(
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THE TRIBUNE TUESDAY, SEPTEMBER 28, 2010, PAGE 5B BUSINESS
Bahamas GLOBALECONOMICASSOCIATEDDEVELOPMENTS PRESS A look at economic develop- part of deal for crisis-hit Greece ments and activity in major to receive euro110 billion in res- stock markets around the world cue loans over three years from Monday: the International Monetary eyes airlift Fund and other European ___ countries. ___ TOKYO — Japan's export growth slowed for the sixth con- BEIJING — China and Rus- secutive month in August as a In this March 29, 2010 file photo, Japanese sia signed agreements to boost boost from strong yen and cooling global BRAKES ON EXPORTS: energy cooperation, while vehicles for export park at a Yokohama port, near Tokyo, Japan. Japan’s demand rattled an already frag- export growth slowed for the sixth consecutive month in August. Moscow said it is ready to sup- ile recovery. ply its energy hungry neighbor ___ TOKYO — Japan's Nikkei bailout loan last year from the with all its natural gas needs. 225 stock average climbed 1.4 International Monetary Fund ___ BRUSSELS — France percent to 9,603.14 with and other lenders, and the IMF $1.4bn deal clashed with Germany and the exporters advancing as is demanding strong action now WELLINGTON, New European Central bank, reject- investors bet the central bank to trim Romania's national Zealand — New Zealand's gov- ing any proposal that would will try to weaken the yen with debt. ernment announced it will place FROM page 1B punish European Union further monetary easing when it ___ new controls on overseas nations with near-automatic meets next week. The yen hit investors buying large land sanctions if they fail to keep fresh 15-year highs against the DUBAI, United Arab Emi- holdings, reacting to growing Mr Vanderpool-Wallace said Southwest is well known their debt and budget deficits U.S. dollar this month, and led rates — Dubai's government public concern that the coun- for increasing the popularity of a destination once they within limits. the government to intervene in said it soon plans to issue its try is selling too much farm begin flying to them. The term “Southwest Effect” was Instead, French Finance Min- currency markets to weaken the first sovereign bonds since the land to foreigners. ister Christine Lagarde said yen for the first time in six start of the emirate's credit cri- ___ coined by the US Department of Transport in 1993, in a governments still should have document penned by James Craun and Randall Bennett, years. sis last year. The bond sale will the overriding say in any such Elsewhere in Asia, South be an important test of investor HAVANA — Cuba has to descride the tremendous growth in travel to US cities decision. Korea's Kospi added 0.8 per- appetite for Dubai debt. It raised already-high gasoline once service was launched by the airline. She dismissed the idea that a cent, Hong Kong Hang's Seng comes as the city-state looks to prices by about 10 percent amid According to Mr Vanderpool-Wallace, this phenomenon member nation could be repri- advanced 1 percent, China's fill a budget deficit of $1.6 bil- sweeping changes to the econ- is in line with his ministry’s strategy of increasing the num- manded by unelected experts Shanghai Composite Index rose lion this year while working omy, a move that could lead to ber of available seats coming into this country, and reflect- alone and penalized for budget 1.4 percent and Australia's through a nearly yearlong grumbling among cash-strapped excesses. S&P/ASX 200 jumped 1.6 per- financial crisis that remains islanders, particularly private ing the Bahamas’ proximity to the US in airline ticket prices. Earlier, EU Monetary taxi drivers who are not allowed He added that while Southwest might have rejected the cent. Markets in India, Taiwan unresolved. Affairs Commissioner Olli and Singapore also climbed ___ to raise their own prices. Bahamas’ plea for business while it planned this strategic Rehn said he will propose on while Malaysia and Vietnam buyout, it could ultimately benefit this country. Wednesday for member states dropped. ATHENS, Greece — Riot ___ to be punished early for spend- ___ police used tear gas to disperse ing their way into trouble. protesting truckers and prevent LISBON, Portugal — An Expand ___ WASHINGTON — The a highway blockade, as protests organization of leading Obama administration is against government labor economies predicted that debt- Olga Romero, a second Southwest Airlines spokesperson, BEIJING — China stepped proposing that banks report all reforms entered a third week. burdened Portugal will come said the reason for the airline’s acquisition of Air Tran is to up customs inspections of goods electronic money transfers in close to meeting its deficit expand its routes and grow its business. shipped to and from Japan, and out of the country, expand- The reforms were enacted as reduction target this year. According to lowfaresfather.com, a website dedicated to slowing trade, logistics compa- ing its anti-terrorism require- the acquisition, there will be no changes to the operations of nies said. Relations between ments for financial institutions. the two countries are growing ___ either airline in the near term. tenser because of a spat over “This transition will take time,” the site said. “We will, of the detention of a Chinese fish- BUCHAREST, Romania — course, first need to obtain clearance from the US Depart- ing boat captain near disputed The Romanian government ment of Justice and other regulatory approvals, and Air islands. was in an uproar over austerity )25 Tran will need to obtain stockholder approval. ___ protests as the interior minis- “Following those approvals and closing of the transaction, ter resigned, the opposition LONDON — European 6$/( demanded the prime minister +LJK(QG&RPPHUFLDO5HDO(VWDWH our plan is to integrate Air Tran into Southwest within two stocks slipped amid uncertainty years. At the end of that time period, we anticipate cus- go as well and top police offi- about the outlook of the global cials held emergency talks with 0XOWL)DPLO\/RWIRUVDOH tomers will see only the Southwest brand and all employees economic recovery, with near- the president. will be Southwest employees. record gold prices suggesting The chaos reflected social %HDXWLIXO:HVWULGJH(VWDWH1RUWK “We have an integration team which will provide oversight sentiment remains tense as fallout from the sharp wage and direction to integrating every aspect of our respective investors seek safe assets. cuts, tax hikes and other aus- [SOH[ORW 6T)W operations.” Britain's FTSE 100 bench- terity measures the government mark index closed down 0.5 has taken to fight its budget 3DYHG5RDGV$OO8WLOLWLHV percent, Germany's DAX fell deficit amid a deep recession. Festival’s ‘fringe’ 0.3 percent and France's CAC- President Traian Basescu's %DQN)LQDQFLQJ$YDLODEOH'RZQ 40 dropped 0.4 percent. government has been unable to ___ pay wages and pensions without 7HOH economic boost a euro20 billion ($26 billion)
FROM page one
Shakespeare in Paradise in order to create a succesful mod- el However, because this is the inaugural year for the festival, its business model is flexible. According to Mr Murray, with only about 16 per cent of their budget in cash, the majority of support for the fesrtival came in-kind. %$+$0$6(/(&75,&,7<&25325$7,21 “We have been able to exe- 9$&$1&<127,&( cute it (Carifringe),” he said. “And because of the economic limitations many business gave in kind and we got more responses than we initially (/(&75,&$/ 7(&+1,&,$1$%$&223(5$7,216 thought we would.” Mr Murray added that many )$0,/<,6/$1'6',9,6,21 of the official festival bars will receive an extra boost during Carifringe, as festival goers will be encouraged to visit them for $ YDFDQF\ H[LVWV LQ WKH )DPLO\ ,VODQGV 'LYLVLRQ$EDFR 2SHUDWLRQV IRU DQ drink specials. (OHFWULFDO7HFKQLFLDQ The local arts community will be recognised during the almost 7KLV MRE LV ORFDWHG LQ WKH )DPLO\ ,VODQGV 'LYLVLRQV ZLWK OHDG UHVSRQVLELOLW\ two-week event with concerts, IRU LQVWDOOLQJ PDLQWDLQLQJ DQG UHSDLULQJ HOHFWULFDO HTXLSPHQW 7KLV MRE art shows, theatre production WURXEOHVKRRWVDQGLQVWDOOVDQGUHSDLUVHOHFWURQLFDQGHOHFWULFDOHTXLSPHQW and relating workshops. 5HVSRQVLELOLWLHV RI WKH SRVLWLRQ LQFOXGH EXW DUH QRW OLPLWHG WR WKH Partnerships 'U.HQGDO920DMRUDQGVWDIIZRXOGOLNHWR IROORZLQJ 0DLQWDLQVDQGUHSDLUVHOHFWULFDOHTXLSPHQWDQGDX[LOLDULHVVXFKDVJHQHUDWRUV Mr Murray said the festival DQG JHQHUDWRU WUDQVIRUPHUV DQG FRQWURO SDQHOV E\ LQWHUSUHWLQJ VFKHPDWLF model is shaped around devel- GLDJUDPVWHVWLQJFDOLEUDWLQJDQGLQVWDOOLQJHOHFWULFDOFRPSRQHQWV 7KLVDOVR oping partnerships rather than :HOFRPH LQYROYHVRYHUKDXOLQJDQGFOHDQLQJPRWRUV asking for sponsorships. Each entity involved in the festival '5$/,$3&$03%(//''6 7URXEOHVKRRWVDQGUHSDLUVJDVWXUELQHVDQGDX[LOLDULHVE\LQWHUSUHWLQJ is responsible for its own bud- *HQHUDO3UDFWLWLRQHU HOHFWULFDOVFKHPDWLFVDQGSHUIRUPLQJGLDJQRVWLFWHVWV get and development, with Car- ifringe as the “dark matter or WRWKHSUDFWLFHRI&HQWHUIRU6SHFLDOL]HG'HQWLVWU\ ,QVWDOOVDQGFDOLEUDWHVHOHFWULFDOHTXLSPHQWDFFRUGLQJWRVFKHPDWLFVVXFKDV web” that produces the net- work and pulls them all togeth- &ROOLQV$YH OLJKWLQJVHQVRUVWHOHSKRQHDQGFRPSXWHUFDEOHVHOHFWULFDOWULSDVVHPEO\ er. 7HO He added that the art com- 3HUIRUPVPHFKDQLFDOUHSDLUVRQHQJLQHVE\UHSODFLQJZRUQSDUWV munity has lacked cohesion in the past, and Carifringe hopes 7URXEOHVKRRWVDQGUHSDLUVGDPDJHGFDEOHVE\VSOLFLQJKLJKDQGORZYROWDJH to become the adhesive that FDEOHV melds the community. “We are very aware that the /HDGVUHODWHGVWDIIDQGFRQWUDFWRUVE\JLYLQJLQVWUXFWLRQVUHYLHZLQJDQG relationship has to take place,” LQVSHFWLQJFRPSOHWHGZRUNWRHQVXUHDGKHUHQFHWRVSHFL¿FDWLRQVDQGTXDOLW\ Mr Murray said. FRQWURO “Our model is not sponsor- ship, but partnership and how -REUHTXLUHPHQWVLQFOXGH businesses can benefit. “Art and culture seems to be 5HTXLUHVWKHVXFFHVVIXOFRPSOHWLRQRI2UGLQDU\7HFKQLFDO'LSORPD3URJUDP lacking the administration to (OHFWULFDO RUDQ$VVRFLDWHGHJUHHLQ(OHFWULFDO(QJLQHHULQJ make it successful.” 5HTXLUHV\HDUVRIH[SHULHQFH According to Mr Murray, the 5HTXLUHVWKHDELOLW\WRUHDGVFKHPDWLFGLDJUDPVDQGZULWWHQDQGYHUEDO festival’s administrators hope FRPPXQLFDWLRQVNLOOV to grow the festival into an 5HTXLUHVJRRGWHFKQLFDONQRZOHGJHRIHOHFWULFDOVFKHPDWLFVFLUFXLWU\DQG internationally-recognised HTXLSPHQW event that draws participation and a following like that of 5HTXLUHVSUR¿FLHQF\ZLWKVSHFLDOL]HGWRROVVXFKDVPHJJDUVGLJLWDOPHWHUV Miami’s Art Basel. DQGYROWDJHGHWHFWRUPHWHUV “We see an opportunity to 5HTXLUHVWKHDELOLW\WRRSHUDWHKHDY\GXW\HTXLSPHQWWRDVVLVWURYLQJFUHZV use Nassau as a middle ground GXULQJEDUJLQJ between Miami, Europe and the Caribbean for large art :LVKLQJKHUVXFFHVVDVVKHFRQWULEXWHVWRDKHDOWK\ ,QWHUHVWHGSHUVRQVVKRXOGDSSO\E\FRPSOHWLQJDQGUHWXUQLQJDQ$SSOLFDWLRQ shows,” he said. %DKDPDVDQGVHUYHWKHSHRSOHRIRXU1DWLRQ )RUP WR 7KH2I¿FHRI7KH/RFDO0DQDJHU%(&$EDFR2SHUDWLRQVRU 7KH “It makes sense, but we $VVLVWDQW0DQDJHU +XPDQ5HVRXUFHV'HSDUWPHQW %DKDPDV(OHFWULFLW\ haven’t been able to jump on &RUSRUDWLRQ%OXH+LOO 7XFNHU32%R[1 1DVVDX%DKDPDV RQRU that market.” ¸;V\JOPUNWLVWSLJOHUNPUNSP]LZ¹ EHIRUH )ULGD\2FWREHU
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PAGE 6B, TUESDAY, SEPTEMBER 28, 2010 THE TRIBUNE
INTERNATIONAL BUSINESS Stocks waver as investors take profits and see deals STEPHEN BERNARD, PLC and JPMorgan Chase & The Standard & Poor's 500 AP Business Writer Co. fell nearly 1 percent. index fell 1.08, or less than 0.1 NEW YORK In deal news, consumer prod- percent, to 1,147.59, while the ucts giant Unilever NV agreed Nasdaq composite index fell Stocks took a pause from to buy beauty products maker 1.42, or less than 0.1 percent, their big September rally on Alberto Culver Co. for $3.7 bil- to 2,379.80. Shares of Unilever, Monday as worries about the lion. Southwest Airlines Co. which makes Dove soaps, Axe financial sector offset excite- will purchase AirTran Holdings deodorants and Suave sham- ment over a fresh round of cor- Inc. for about $1.4 billion. Wal- poos, rose 36 cents to $29.73. porate dealmaking, according Mart Stores Inc. proposed to Alberto Culver, which makes to Associated Press. buy South African consumer beauty products such as TRE- With no major economic goods distributor Massmart Semme, VO5 and Simple, reports to drive trading, Holdings Ltd. for about $4.25 jumped $6.27, or 19.9 percent, investors focused on individual billion. Michael Sansoterra, to $37.75. AirTran shares stocks after major deals in the portfolio manager of the Ridge- jumped $2.81, or 61.8 percent, airline, consumer products and Worth Large Cap Growth to $7.36. The deal valued Air- retailing industries. Fund, said the latest deals are a tran shares at $7.69. Southwest The Dow Jones industrial INTERNATIONAL sign companies are confident rose $1.63, or 13.3 percent, to average fell 6 points in after- economic growth will pick up in $13.91. Wal-Mart shares fell 36 noon trading after spending BUSINESS the coming quarters. Acquisi- cents to $53.72. most of the day in negative ter- next week, Bryan said. tion activity has been booming JPMorgan shares fell 26 cents ritory. The Dow is on pace for The Dow entered Monday this month as companies to $39.49. Barclays dropped 12 its best September since 1939. having risen each of the past become more willing to take cents to $19.69. Rising stocks Chip Bryan, CEO of four weeks, its longest winning large cash reserves built up dur- narrowly outpaced those that SmarTrend, an electronic trend streak since eight consecutive ing the recession and invest it. fell on the New York Stock trading system, said Monday's weekly gains ended in late "The timing is never certain, Exchange where volume came modest decline was largely tied April when stocks hit their but smart companies are say- to 475 million shares. Traders to investors pocketing profit highest levels of the year. ing, 'if not now, when,'" San- that prefer to look at the broad- made during the strong Sep- Financial stocks mostly soterra said. "This is the time to er economic picture will get tember rally. dipped as concern remains be doing it." plenty of data later in the week "The September rally has about the health of Europe's The Dow fell 6.48, or less to review. been surprisingly resilient," banking sector. Moody's than 0.1 percent, to 10,853.78 Traders get reports on con- Bryan said. But investors might Investors Service cut its rating in late afternoon trading. The sumer sentiment, weekly job- be ready to put the brakes on on Anglo Irish Bank Corp., one Dow has jumped 8.4 percent in less claims and a final reading AP Photo/Richard Drew, file the run-up so they can wait to of Europe's more troubled September, which is historical- on second-quarter gross domes- PAUSE FOR THOUGHT: In this Aug. 11, 2010 file photograph, spe- see what happens during earn- banks in recent months. Global ly one of the worst months of tic product before the month cialist Patrick Murphy, left, works at his post on the floor of the New ings season, which kicks off banking giants like Barclays the year for the market. wraps up Thursday. York Stock Exchange.
Attend the Oil prices mostly flat as equities decline 14th Americas NEW YORK Oil prices were little changed Mon- day as traders watched the stock mar- Food & Beverage kets for clues about the pace of eco- nomic growth, according to Associated Show & Conference Press. Benchmark oil for November deliv- ery added 3 cents to settle at $76.52 a barrel on the New York Mercantile Exchange, after falling to $75.52 earli- er in the trading session. October 26-27, 2010 Stocks ended the day lower, with the Miami Beach Convention Center Dow Jones Industrial Average off about 48 points. Oil traders often look to stock mar- kets as a barometer of overall investor MEET +350 exhibitors from +27 countries sentiment.
VISIT 20 international pavilions, offering Indicators unique products and services Investors will be closely watching the latest indicators on U.S. consumer NETWORK with 6,000 food and beverage confidence on Tuesday and second buyers from 63 countries under one roof quarter gross domestic product on Thursday, figures "which could make AP Photo/Hasan Jamali Oil prices were little changed Monday as traders watched the stock mar- WITNESS the Americas Chef Competition, or break the equities rally," according PRICES FLAT: to The Schork Report, an energy con- kets for clues about the pace of economic growth. where Olympic Chefs try to conquer the sultancy. Americas "Perhaps not surprisingly, specula- when the time is right, but that moment per 1,000 cubic feet. Heating oil fell tive flows into the oil market have been does not seem to have arrived just yet." 0.78 cent to settle at $2.1228 a gallon slow to pick up," said KBC Energy In other Nymex trading, natural gas and gasoline added 0.17 cent to $1.9488 DON’T MISS the “Taste of Peru” Pavillion Economics in Britain. fell as tropical storms threats to Gulf of a gallon. In London, Brent crude lost "A lot of money is waiting on the Mexico production evaporated. Nat- 30 cents to settle at $78.57 a barrel on BENEFIT from a one stop opportunity for sidelines that could be invested in oil ural gas lost 8.1 cents to settle at $3.800 the ICE Futures exchange. ideas, products and business 05",)# ./4)#% ).4%.4 4/ #(!.'% .!-% "9 $%%$ 0/,, For information contact Omar Gonzalez / i *ÕLV à iÀiLÞ >`ÛÃi` Ì >Ì ] ('9,1 -($1 at [email protected]. Great /28,6RI$50%5,67(5675((7)2;+,//1$66$8 airline and hotel discounts available. %$+$0$6 Ìi` Ì V >}i Þ >i Ì %$6). 4/533!).4 v Ì iÀi >Ài >Þ LiVÌÃ Ì Ì Ã V >}i v >i LÞ ii` *] ÞÕ >Þ ÜÀÌi ÃÕV LiVÌà Register NOW: Ì Ì i iv *>ÃëÀÌ "vwViÀ] *°"° Ý Ç{Ó] >ÃÃ>Õ] > >>à >ÌiÀ Ì > Ì ÀÌÞ Îä® `>Þà >vÌiÀ Ì i `>Ìi v www.americasfoodandbeverage.com «ÕLV>Ì v Ì Ã ÌVi°
BISX LISTED & TRADED SECURITIES AS OF: MONDAY, 27 SEPTEMBER 2010 BISX ALL SHARE INDEX: CLOSE 1,500.54 | CHG -0.03 | %CHG 0.00 | YTD -64.84 | YTD % -4.14 FINDEX: CLOSE 000.00 | YTD 00.00% | 2009 -12.31% WWW.BISXBAHAMAS.COM | TELEPHONE:242-323-2330 | FACSIMILE: 242-323-2320 52wk-Hi 52wk-Low Securit y Previous Close Today's Close Change Daily Vol. EPS $ Div $ P/E Yield 1.26 1.00 AML Foods Limited 1.01 1.01 0.00 4,242 0.250 0.040 4.0 3.96% 10.75 9.67 Bahamas Property Fund 10.63 10.63 0.00 0.013 0.200 817.7 1.88% 6.18 4.50 Bank of Bahamas 4.90 4.90 0.00 0.598 0.260 8.2 5.31% 0.58 0.18 Benchmark 0.18 0.18 0.00 -0.877 0.000 N/M 0.00% 3.49 3.15 Bahamas Waste 3.15 3.15 0.00 0.168 0.090 18.8 2.86% 2.15 2.14 Fidelity Bank 2.17 2.17 0.00 0.016 0.040 135.6 1.84% 12.50 9.62 Cable Bahamas 10.77 10.77 0.00 1.212 0.310 8.9 2.88% 2.84 2.50 Colina Holdings 2.50 2.50 0.00 0.781 0.040 3.2 1.60% 7.00 5.40 Commonwealth Bank (S1) 6.28 6.28 0.00 0.422 0.230 14.9 3.66% 3.65 1.63 Consolidated Water BDRs 1.88 1.85 -0.03 0.111 0.052 16.7 2.81% 2.55 1.60 Doctor's Hospital 1.90 1.90 0.00 0.199 0.110 9.5 5.79% 6.99 5.94 Famguard 6.07 6.07 0.00 -0.003 0.240 N/M 3.95% 10.20 8.50 Finco 8.50 8.50 0.00 0.287 0.520 29.6 6.12% 11.40 8.77 FirstCaribbean Bank 9.74 9.74 0.00 600 0.645 0.350 15.1 3.59% 5.51 3.75 Focol (S) 5.46 5.46 0.00 0.366 0.170 14.9 3.11% 1.00 1.00 Focol Class B Preference 1.00 1.00 0.00 0.000 0.000 N/M 0.00% 5.59 5.00 ICD Utilities 5.59 5.59 0.00 0.012 0.240 465.8 4.29% 10.50 9.92 J. S. Johnson 9.92 9.92 0.00 0.883 0.640 11.2 6.45% 10.00 10.00 Premier Real Estate 10.00 10.00 0.00 0.355 0.800 28.2 8.00% BISX LISTED DEBT SECURITIES - (Bonds trade on a Percentage Pricing basis) 52wk-Hi 52wk-Low Security Symbol Last Sale Change Daily Vol. Interest Maturity 99.46 99.46 Bahamas Note 6.95 (2029) BAH29 99.46 0.00 6.95% 20 November 2029 100.00 100.00 Fidelity Bank Note 17 (Series A) + FBB17 100.00 0.00 7% 19 October 2017 100.00 100.00 Fidelity Bank Note 22 (Series B) + FBB22 100.00 0.00 Prime + 1.75% 19 October 2022 100.00 100.00 Fidelity Bank Note 13 (Series C) + FBB13 100.00 0.00 7% 30 May 2013 100.00 100.00 Fidelity Bank Note 15 (Series D) + FBB15 100.00 0.00 Prime + 1.75% 29 May 2015 RoyalFidelity Merchant Bank & Trust Ltd. (Over-The-Counter Securities) 52wk-Hi52wk-Hi 52wk-Low52wk-Low Symbol Bid $$ Ask $$ Last PricePrice Daily VolVol. EPS$ Div $ P/E Yield 10.06 5.01 Bahamas Supermarkets 5.01 6.01 14.00 -2.945 0.000 N/M 0.00% 0.55 0.40 RND Holdings 0.35 0.40 0.55 0.001 0.000 256.6 0.00% CFAL Securities Ltd. (Over-The-Counter Securities) 41.00 29.00 ABDAB 30.13 31.59 29.00 4.540 0.000 9.03 0.00% 0.55 0.40 RND Holdings 0.45 0.55 0.55 0.002 0.000 261.90 0.00% BISX Listed Mutual Funds 52wk-Hi 52wk-Low Fund Name NAV YTD% Last 12 Months % NAV 3MTH NAV 6MTH NAV Date 1.4904 1.4005 CFAL Bond Fund 1.4904 3.59% 6.42% 1.475244 1.452500 31-Jul-10 2.9265 2.8266 CFAL MSI Preferred Fund 2.9115 0.85% 0.23% 2.926483 2.906205 31-Aug-10 1.5543 1.4920 CFAL Money Market Fund 1.5543 3.11% 4.36% 1.533976 1.518097 17-Sep-10 3.2025 2.8522 Royal Fidelity Bahamas G & I Fund 2.8624 -8.16% -7.49% 31-Aug-10 13.6388 13.0484 Royal Fidelity Prime Income Fund 13.4286 0.46% 2.40% 31-Aug-10 109.3929 101.6693 CFAL Global Bond Fund 109.3929 5.20% 7.60% 107.570620 103.987340 30-Jun-10 105.7795 93.1998 CFAL Global Equity Fund 100.1833 -1.52% 3.56% 105.779543 101.725415 30-Jun-10 1.1223 1.0000 FG Financial Preferred Income Fund 1.1272 3.43% 5.28% 31-Aug-10 1.0917 1.0000 FG Financial Growth Fund 1.0948 2.51% 6.10% 31-Aug-10 1.1198 1.0000 FG Financial Diversified Fund 1.1275 3.37% 5.64% 31-Aug-10 9.5955 9.1005 Royal Fidelity Bah Int'l Investment Fund Principal Protected TIGRS, Series 1 9.5955 2.71% 5.96% 31-Jul-10 11.2361 10.0000 Royal Fidelity Bah Int'l Investment Fund Principal Protected TIGRS, Series 2 10.3734 -3.69% 3.38% 31-Jul-10 10.0000 9.1708 Royal Fidelity Bah Int'l Investment Fund Principal Protected TIGRS, Series 3 9.1708 -8.29% -8.29% 31-Aug-10 7.9664 4.8105 Royal Fidelity Int'l Fund - Equities Sub Fund 7.5827 -1.74% 11.58% 31-Aug-10 MARKET TERMS BISX ALL SHARE INDEX - 19 Dec 02 = 1,000.00 YIELD - last 12 month dividends divided by closing price 52wk-Hi - Highest closing price in last 52 weeks Bid $ - Buying price of Colina and Fidelity 52wk-Low - Lowest closing price in last 52 weeks Ask $ - Selling price of Colina and fidelity Previous Close - Previous day's weighted price for daily volume Last Price - Last traded over-the-counter price Today's Close - Current day's weighted price for daily volume Weekly Vol. - Trading volume of the prior week Change - Change in closing price from day to day EPS $ - A company's reported earnings per share for the last 12 mths Daily Vol. - Number of total shares traded today NAV - Net Asset Value DIV $ - Dividends per share paid in the last 12 months N/M - Not Meaningful P/E - Closing price divided by the last 12 month earnings FINDEX - The Fidelity Bahamas Stock Index. 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THE TRIBUNE TUESDAY, SEPTEMBER 28, 2010, PAGE 9B WOMAN
e BODY AND MIND n u b i r T
e h healthT NACB president returns from International Council of Nurses Leadership Institute
By ALESHA CADET leaders was one of great value to ership roles nationally and globally. Tribune Features Writer The Bahamas. Having attended the GNLI, Ms "There is a strong possibility that Josey’s states that her vision for osmarie L Josey, the The Bahamas will one day host the nursing and health services in the Global Nursing Leadership Confer- Bahamas is that “we will become president of the Nurses ence as well as the ICN conference known for quality and excellence in Association of the (ICN has over 3 million nurses mem- service, throughout the Common- RBahamas (NACB) recently bership worldwide)," she said. wealth countries. returned from the Interna- In preparation for the GNLI, par- The NACB believes that the tional Council of Nurses ticipants were required to submit a GNLI was very timely, as the local Leadership Institute in Gene- country profile which included infor- association is currently preparing for mation regarding countries’ popu- its annual conference to be held va, Switzerland with a wealth lations, the number of nurses and November 18 and 19 at the Sheraton of information to share with doctors in country, identification of Nassau Beach Resort. her colleagues regarding per- the top three causes of death in our Ms Josey told Tribune Health that sonal development enhance- country, the three key issues and the focus of the workshop this year is ment of nurses and nursing challenges facing our country’s "Leadership" and the topics to be along with health care. health services and key issues for explored include; Advocacy and Ms Josey told Tribune Health that nurses/nursing in the country. Lobbying, Strategic Thinking, Strate- her personal vision is for the country According to the Nurses’ Associ- gic Planning and Working with the ation of the Commonwealth of The Media. to become known for quality and Mrs. Rosemarie L. Josey (President NACB), Mr. David C. Ben- excellence services throughout the Bahamas (NACB), the association is The conference will culminate FROM LEFT: Commonwealth by 2016. believed to be at a critical stage of its with a celebration of Excellence in ton (CEO ICN), Paddie Blaney (facilitator GNLI) and Mrs. Ishwari Devi It was significant that the Bahamas development in the Global Nursing Nursing Leadership at a Gala Ball to Shrestha (GNLI Participant from Nepal). was represented at the conference. Leadership arena. The GNLI in be held Saturday November 20 at "Of the more than 130 member Geneva provided a rich learning the Sheraton Nassau Beach Resort. organisation and key stakeholders to dards of nursing practice and health countries of International Council of environment in which all members More than fifteen nurses will be hon- influence Health Care Policies and policy in our respective countries. By Nurses (ICN), it was an honour to were considered equal and were oured in recognition of their invalu- to bring about positive changes in the the year 2016, nurses will become the represent The Bahamas as one of from a rich diversity of country and able contributions to the NACB and delivery of quality health care to all," only voice that speaks with authority the 30 participants at the Global regional backgrounds, professional the nursing profession. she said. on nursing matters,” she said. Nursing Leadership Institute held in backgrounds, age and experience in "Professionalism and academic The NACB represents nurses in Geneva Switzerland," Ms Josey said. nursing. Collaboration excellence will be the benchmark by the Bahamas nationally, regionally Among the many benefits derived which nursing and health services will and internationally. The purpose of Leadership from the Institute, participants left "It is envisioned that the Associa- be valued and respected. It is my the association is to promote the high- with a deeper understanding of glob- tion will one day host a Global Nurs- belief that as nurses and women est possible standard of nursing prac- She explained that the GNLI pro- al health care challenges, better ing Leadership Conference in the become more involved in politics in tice, encourage professional and edu- vided an opportunity to strengthen equipped to build strategic alliances, Bahamas," Ms Josey said. our countries, we will discover the cational advancement for nurses and the leadership of the NACB Locally able to identify their leadership "We recognise the need to work benchmark where effective nursing to ensure that all people irrespective and Internationally and the oppor- strengths and areas for improvement together as a collective body and in leadership will become the vehicle of nationality, race colour or social tunity to network with global nursing and prepared to take on higher lead- collaboration with other health care that will influence and shaped stan- origin may have optimal nursing care.
GREEN SCENE By Gardener Jack be watered daily. It is not good for pubes- cent girls to have babies, nor Sweet peppers is it good for sweet peppers. If your plant puts out flowers before reaching 9 inches or so tall, nip them off. & eggplants Once fruits are established you may wish to add a small SWEET peppers are warm orange, purple and chocolate side dressing of superphos- weather lovers so we should and the last packet I bought phate. This helps increase the get them started as soon as was marketed as Stoplight size of the fruits. Winter sun possible. They do well dur- Peppers: red, amber and is rarely a problem but in late ing our mid winters but even green. Green peppers will spring and thereafter you better when the conditions turn red if left on the parent may have to shade your pep- are balmy rather than blus- plant and turn sweeter at the per plants to prevent the tery. same time. fruits suffering from sunscald. Sweet peppers - along with That said, peppers should It’s a pity to grow a lovely hot peppers, eggplants, pota- be harvested as soon as they pepper then have to throw it toes and belladonna – are are mature to ensure contin- away. members of the Solanaceae ued production. As mentioned earlier, egg- family. Best started in pots, pep- plants – aubergines, if you They are plants that like pers can be transplanted into will – are closely related to their space and do not like to well drained soil when about peppers and are grown in be crowded or to have to six inches tall. A handful or identical manner. Eggplants share their area with weeds. two of commercial cow do not have the range of Even when planting sweet manure or compost can be colours that peppers display pepper seeds you must take dug into the soil an inch or but there are orange heir- care to firm the soil over two below where the roots looms. Normally eggplants them with your knuckles so will be planted, along with a are purple and ivory, the mix- that germination is better small amount of time-release ture sometimes almost pink, IDEAL: The ideal bell peppers are solid, blocky and heavy. assured. fertiliser. and it is the patterns of the Sweet or bell peppers come Once the transplant is skin that are entrancing. Eggplants left on the plant Plan to use your eggplants Both okra and eggplants in many shapes, sizes and happily ensconced you can The most reliable producer for too long turn spongy and the same day they are picked. have slippery textures and colours. The traditional apply a side dressing of time- in our area is Black Beauty, a inedible, the seeds hard and Eggplants do not improve off many people resist eating blocky cylindrical pepper can release fertiliser to last the large all- purple variety. unpleasant. the parent plant and lose the eggplant because of this. be long and tapering as well plant for the next few Because it is large we may Do not try to pick egg- firmness that is the hallmark Properly prepared, however, as mature at two inches tall, months. Water is very impor- be tempted to worship size plants with your bare hands. of perfection. Old eggplants eggplants are not mucilagi- perfect stuffed as an hors tant for peppers as they will ahead of eating qualities. The stem bears prickles and mop up oil when they are nous and can even be crisp. d’oeuvres presentation. drop young fruit if stressed. Eggplants should be picked is very tough. It is best to use cooked while freshly picked The traditional green pep- Even moisture is essential as soon as they are mature, secateurs or large scissors to ones are less prone to satu- per comes in red, yellow, and the young plants should maybe even a few days early. remove the fruits. ration. • [email protected]
backpack more comfortable. leave behind. Another option is a backpack on wheels - though most kids • Make sure the pack has no Kids’ backpacks = pain in back do not like this option loose or dangling cords, because very few kids use strings, key chains, etc that can MORE and more often weight, so if the student is 100 teenage girls. The American backpacks on wheels. snag and cause an accident or school children are carrying pounds that would be about Chiropractic Association Here our some guidelines injury. too much weight, and it may 15 pounds but they are car- takes the view that “improper to use so your kids will stay be causing undue back pain. By SUSAN rying 20, 30, and even 40 per use of backpacks can lead to healthy: • When wearing a backpack, But stress is not the culprit, DONALD DC cent of their body weight - muscle imbalance that could lift by bending knees and using backpacks are heavy, book- which would stagger an adult. turn into chronic back and • Use a pack with wide heavily legs, not by bending over. laden backpacks. It is not Kids are also using only one neck problem later in life.” padded shoulder straps. uncommon to see a school strap over one shoulder, this If we want our children to • The weight of the filled pack aged child walking home or pain and never heard any of alters their gait and posture grow up straight, strong and • Choose packs with separate should never exceed 15per cent waiting for their ride with a my classmates or friends com- to accommodate the asym- healthy we as parents need to compartments that will help of a child’s weight. backpack that appears to be plain of back pain. As a chi- metric load. make sure that their back- distribute the load evenly. straining the child. One can’t ropractor in the Bahamas I The complaints that the packs are worn properly and • Children should always help but be concerned that am amazed at how many kids have can be one or a do not exceed the recom- • Place heaviest items closest remove backpacks when bik- this burden is causing signifi- young kids and teenagers now combination of the following: mended 15 per cent of their to your back, and distribute the ing, skating, swinging, or using cant pressure on the young have back pain and are upper and lower back prob- weight. Another option load on both the right and left. other playground equipment. body. And if it is a strain, brought into my office lems, headaches, tingling in which is new is a back pack could more chronic problems because of it. the arms and fingers, aching with an air pack in it which • Wear the straps over both develop from it? The reason this is occurring knees, pinched nerves, and helps lift the weight off the shoulders adjusted so the pack • If there are any questions call When I was a schoolgirl we is because kids are overload- strained necks and sore shoul- child’s back. I ordered these is held against the back. Life Chiropractic Centre, #7 Vil- carried our books in school ing their backpacks. Kids ders. Backpacks can also back packs for my kids and lage Road, Tel: 393-2774 or e- bags that had a handle like a should not carry more than aggravate scoliosis (curvature they have said that is has • Only carry true necessities – mail suitcase, and I never had back 15 per cent of their body of the spine) especially for helped and made carrying a see if there are items you can [email protected]. TO DISCUSS STORIES ON THIS PAGE LOG ON TO WWW.TRIBUNE242.COM
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PAGE 10B, TUESDAY, SEPTEMBER 28, 2010 THE TRIBUNE
WOMAN
LOVING RELATIONSHIP Why do people cheat? WHY do people cheat?' is painful. Understanding the need to Years of not feeling truly connect- and heard which otherwise would like a million dollar ques- talk about it is overshadowed by ed, or even understood means that probably not be said. The role of the heavy weight of anger and a foundation for forgiveness is even the therapist is to gradually help all tion. We could spend hours rejection. Blame is quickly harder. concerned find some personal and speculating' because the odds slammed on the wrong doer who Pride can get in the way of seek- interpersonal meaning, to the chaot- of getting it right would be By MAGGIE in turn reacts defensively. For ing out a trained professional. The ic mess. Time puts a different per- like shooting for the stars. As many, time passes and day to day very idea of saying out loud details spective on things. an outsider, looking in, we all BAIN life keeps them busy. Many of us of our private life may seem embar- Persevering through the crisis, think the answer is obvious, are procrastinators and find putting rassing. It may seem easier and and salvaging the couple, allows things off much easier. Trust has more satisfying to find someone to healing and future relating. Affairs but clinical practice shows us we change the course of our lives. the complicated web that quickly been extinguished and fulfill those missing needs. It may are often the prelude to divorce .It is Do we work at forgiving the first secrecy often prevails. solve the problem today but the interesting to contemplate that if all joins two people. ime? What happens if it happens t The core principles of relation- reality is that it usually ends up couples considering divorce were Certainly, there are those who again? Does the deceiver become ship therapy is to work at restor- making things more complicated. to come for counseling how many seemed to be wired differently and comfortable knowing that you will who find the whole concept of ing the intimate bond between a They are able to justify their actions relationships could be saved. Can always be there? Does the betrayed couple. Consciously working at and believe they 'had no choice'. we really put a cost on the damage, monogamy inconceivable. They orry they will be perceived as w maintaining this delicate bond, and Thoughts of something new and both financial and emotional, if we may not admit it, but their lack of weak by taking their partner back? remorse reinforces their underlying ensuring the glue that keeps people refreshing in our lives are not leave things unattended? At least thought pattern. Living life in such a together, does not come unstuck. uncommon. Our minds play para- by getting professional help you will fashion is habit forming and many in Fidelity For many, there are underlining doxical games between what is be able to say you really tried. no way want to change. Some are relationship and sexual issues. Basic expected of us and the things we As devastating as it is to discover honest and upfront about their primary needs have been over- desire. This is how fantasies are your dating partner is being unfaith- intentions, while others live life sur- looked or ignored. Feelings of formed. But making them reality • Maggie Bain is an individual and ful it still provides a way out. There rounded with deceit and lies. betrayal prevent a willingness to crosses the border and we need to couples relationship therapist. She is a may have been verbal commitment, Then, there are some people listen to the other person's story acknowledge that clear choices registered nurse and a certified clinical but no formal agreement or vows whose psychopathology predeter- and so things remain in limbo. The were made. sex therapist. were made. These are pivotal mine their behaviour and conse- ability to express and listen to With out a doubt 'crisis' often dri- Listen to 'Love on the Rock' with moments in a couple's life and the Maggie Bain every Thursday 5pm-6pm quently have difficulty changing. By unmet needs proves a daunting task ves us to seek out a therapist. The course of their relationship is decid- on Island FM 102.9. For appointments the time we reach midlife, there is a for many. When the pain is so great sadness, anger, humiliation pro- ed from that moment. Facing the call 364-7230, e-mail relateba- good chance we have met or been just being in the room, looking in vokes so many questions from the reasons why a certain behaviour [email protected] or visit www.relate- involved with such a person. From the eye, or having to interact with betrayed. Talking to a third person has taken place is excruciatingly bahamas.blogspot.com. the first time we become aware of it that person seems impossible. in the room allows things to be said
iour. 90ml condensed milk Puppies and kittens are usually 90ml of water mature enough to be sold between 6- 120ml of plain yogurt Nursing newborns 8 weeks if age. Feeding orphaned 3 large egg yolks puppies and kittens that still require NEWBORN puppies and kittens ment. By DR BASIL mother’s milk can be rewarding. The The average puppy or kitten are for all practical purposes com- It is important to: most obvious alternative is to find should receive daily approximately pletely helpless; they rely on their 1. Keep puppies and kittens in a SANDS a foster mother. If that is not an 13 ml of milk per 100 grams of body mother for warmth, food elimina- small box with sides high enough to option, it is necessary to hand feed weight for the first week of life. 17 ml tion and cleanliness. They are both keep them inside and to pre- this newborn a replacement food of formula per 100 gram during the unable to regulate their body tem- vent drafts. that is a prototype of the mother’s second week, 20 ml of formula dur- perature for the first 6 days of life 2. Raise the bottom of the box Orphan Puppies and Kittens milk. Various modifications of ing the third week, and 22 ml of for- and require an external heat source off the floor and cover it with homemade or commercially pre- mula per 100 gram daily during the to stay warm for 1 to 3 3 weeks of padded disposable materials such Hand raising orphan puppies and pared milk formulas are available. fourth week. This amount of formu- life. as indoor and outdoor carpeting kittens requires a great deal of time la should be given in equal portions They nurse from the mother 3. Do not use a material that gets and effort. The ideal solution to the A recommended homemade pre- 3-4 times a day for the first 3 weeks every 1-2 hours for the first week slippery when wet problem of caring for a motherless pared milk formula for puppies. of life. and the mother licks their external 4. Consider using covered hot newborn is to locate a lactating This formula should be warmed genitals both to stimulate urination water bottles or heating pads to mother that will accept the newborn 120 ml cow’s or goat’s milk before feeding to about 100F or to a and defecation and clean them after keep the environmental tempera- and raise it with its own. When a 120ml water temperature near the animal’s body feeding. Approximately 14 days ture stable, do not use set heating foster mother is not available, it is 2-4 egg yolks temperature. after delivery, the puppies and kit- pads on higher settings because necessary to hand feed the puppy 1-2 teaspoon of vegetable oil The easy or safest way of feeding tens eyes open but have limited severe burns can result. or kitten until about 4 weeks. 100mg of calcium carbonate formula to nursing puppies and kit- vision and several days later, their 5.Maintain a temperature that However leave the newborn with tens is by a nipple bottle, a dosing external ear canals open. By 18 provides the puppies or kitten’s littermates between feeding during A recommended homemade for- syringe or by a tube, however nipple days of age, they begin to more rectal temperature of 96 to 97F for this time so it can interact with oth- mula for kittens bottles are preferred. around and explore their environ- the first week of life. ers to learn appropriate social behav-
tify changes in a situation. team leader, another action to con- sider is to provide training or coach- Resisting Assignment of ing opportunities to members of your The benefit of the doubt the Benefit of the Doubt team where appropriate. No matter There are others who don't or sel- how long a person has been in a posi- WHEN you say you are giving a may be safer that than offering a tion, a lack of skill may be an under- person the benefit of the doubt it more enduring version of trust dom assign the benefit of the doubt and require evidence of every single lying issue. assumes you have a nagging doubt because the benefit of the doubt can Avoid Spin: If you are being and you will choose to overlook it be used as a tool to wait and see if thing. While this is perceived as a safe point of view and an account- doubted it may be that your credi- given the limited facts you possess. By YVETTE there are actual grounds for trust. bility is questionable because you In other words, you are giving the From this perspective, the benefit ability tool, constant risk aversion BETHEL can be draining for the people in the spin the truth. While spin is person the advantage of being inno- of the doubt is granted on a tempo- inevitable because we all have dif- cent until proven guilty. rary basis because it can exist until environment because it can lead to decision paralysis. ferent ways of filtering information, you eliminate the doubt. When you building your integrity through being Before there are facts tion. This is because it may appear grant a person the temporary sus- forthright can help to dispel doubts There are some who endow the that you are taking the course of pension of your doubts to allow 4 Tips for Building other have in you. benefit of the doubt not knowing least resistance by saying you are them time to solidify their position, Accountability and Trust Timing: Ask yourself if you are much about the circumstances or offering the benefit of the doubt but the burden of proof is typically on Here are three tips you can con- giving the benefit of the doubt early the person receiving the benefit. all you are doing is hiding behind the person being given the benefit of sider to help you reduce the risks on in the working relationship to be This is appropriate when you are this statement, using it as camou- the doubt. However, there are times associated with erroneously granti- fair or after it has been proven that new to a role or environment and flage for avoiding tough decisions. when the person bestowing the ben- ng the benefit of the doubt. the benefit is no longer deserved. If you don't know much about the There is another type of person efit of the doubt seeks to prove or Get the facts: Be careful of the peo- it is no longer deserved, are you tak- players and the related dynamics. who bestows the benefit of the doubt disprove the doubt because of per- ple who present opinion as fact. ing the path of least resistance or In cases like these, knowledge of the in a situation where a person they sonal agendas. When you ask specific questions, have you been fooled by manipula- facts is usually limited so it is impor- know well makes a mistake or veers these people cannot produce evi- tion? tant to consider the facts you have away from typical behavioural pat- dence supporting their opinion or The benefit of the doubt, when Withdrawing the Benefit position, so ask clarity seeking ques- because personalities, power struc- terns. Their rationale is that the per- of the Doubt used optimally, is a temporary tool. tures and working relationships are son receiving the benefit of the If the benefit of the doubt was giv- tions like, can you bring me the doc- Therefore, conscious steps should be not yet adequately understood. doubt will eventually revert to their en initially and additional facts ument or report? Or what are you taken to get the facts so that you are traditional patterns of behaviour. If become available, two important basing your assertion on? Don't be making decisions based on reliable afraid to constructively confront After gathering the facts the person receiving the benefit does questions to ask yourself are, information. There are others who propose the not revert to their traditional pat- “Should I cease giving the benefit uncertain situations. benefit of the doubt after knowing terns, the person bestowing the of the doubt and if so, why? I have Once you obtain the facts, analyse the players. They are familiar with advantage may decide to retract the witnessed cases where the facts are them by asking yourself if the facts • Yvette Bethel is CEO of Organization- historical and current data, and they benefit of the doubt if the new revealed, proving the benefit of the support the doubt or the opposite al Soul, an HR Consulting and Leader- understand the dynamics of relevant behaviour becomes the norm. doubt is no longer deserved but the view. It is important to review the ship Development company. If you relationships. In cases like these, beneficent one continues to gener- facts because it is important to avoid are interested in exploring how you when you give a person the benefit ously endow the benefit of the creating a situation where the benefit can create higher performing team Temporary vs. of the doubt becomes an entitlement leaders, you can contact her at of the doubt inappropriately, your Enduring Trust doubt. This could be due to fear of credibility can be called into ques- confrontation or an inability to iden- and causes laziness or mediocrity. [email protected]. Providing the benefit of the doubt Build desired skills: If you are a TO DISCUSS STORIES ON THIS PAGE LOG ON TO WWW.TRIBUNE242.COM
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THE TRIBUNE PAGE 15 Krumm upsets Sharapova at the Pan Pacific Open... TUESDAY, SEPTEMBER 28, 2010 See page 13 PAGE 12 • NFL round-up... Magnum Rolle eyes a spot on Pacers’ roster
By RENALDO DORSETT diate future. space for Rolle. Rolle and second-year player complex in Orlando, Florida. Sports Reporter As of today, Rolle remains Pacers general manager David Lance Allred are the only two In just over 28 minutes per game, [email protected] unsigned by the Pacers but will be Morway has stated that "the best 15 unsigned players invited to Pacers Rolle averaged 13.4 points, seven assured a spot in the club's training players will be in the final roster." camp, which brings the total number rebounds, and two blocks per game. WITH NBA training camps tip- camp for an opportunity to fight for The Pacers currently have a full of players to 17. He shot over 57 per cent from the ping off in cities across the US this one of 15 final roster spots. 15- man roster, but are thin at Training camp workouts for the field and 62 per cent from the line. week, one Bahamian hopeful to the Since draft night and throughout Rolle's power forward/center posi- team begin today with the first pre- In easily the most thrilling game of world's premier professional league the NBA Summer League, Pacers tion with several players vying for season matchup set for tip off Octo- the 2010 AirTran Orlando Pro Sum- looks to solidify a contract berth executives and coaches have raved playing time. ber 6 on the road against the Mem- mer League, the Pacers overcame a with his franchise. about Rolle's performance and After trading away incumbent phis Grizzlies. 27-point deficit and outscored the Magnum Rolle received an offi- potential to fit into the team's imme- starter Troy Murphy, the Pacers’ list Rolle finished play in the 2010 Celtics 36-16 in the fourth quarter cial invite as the Indiana Pacers diate future. of power forwards include Tyler AirTran Orlando Pro Summer for the come-from-behind win. opened training camp during its The Pacers have reportedly made Hansborough, Josh McRoberts and League with an impressive statline at Rolle led the comeback and had media day yesterday to outline the attempts to explore trade scenarios Solomon Jones, while Roy Hibbert the end of the five-game exhibition team’s goals and plans for the imme- or possibly release players to clear a and Jeff Foster are listed at center. series at the Orlando Magic's RDV SEE page 14 ‘Golden girl’: Shaunae Miller ‘is the best talent we have’ Olympic medallist Debbie Ferguson-McKenzie expected to be the moderator at Compass Point reception in Miller’s honour
note of Miller’s example er as well,” Woodside said. because you too can be best “She also ran the 100m in among the best in the world.” the Carifta Games. She ran Johnson said discipline and about 11.9 seconds, which is consistency are key ingredi- very good for her age and ents for any successful story, stature. By the end of that and reminded parents to con- particular year, I saw that she tinue to encourage their chil- also could have possibly been dren to develop and nurture an excellent 400 runner. DEBBIE FERGUSON-McKENZIE their inner gifts. “So we went into the Pan Kermit Taylor, founder of Am Games last year where AAF World Junior Bahamas Athletics, said: “I she was a part of the bronze Championships gold had the good fortune of medal winning team. By the medallist Shaunae observing Shaunae’s talent age of 14 she ran against Miller “is indeed the when she was just a diamond seniors, and that Pan Ameri- best talent we have, in the rough. Four years ago can team is usually under 20. bothI past and present, coming she came to Club Monica and She was about 15 at that time. out of the Bahamas,” says as a result of working with So this year we really con- Olympic medallist Debbie Diane Woodside over the centrate on the quarter mile Ferguson-McKenzie. past four years, the patience as well as sprinting and she “Ms Miller, in my humble and talent combined got her made it with the team to run opinion, is indeed the best tal- to the point she is at today.” the 400m hurdles and the ent we have, both past and Taylor said that in 2009, 300,” she said. present, coming out of the Miller made her first national Describing Miller, Wood- Bahamas. Being extremely team and represented the side added that she stands out talented, hardworking and Bahamas at the Carifta above the rest at six feet, as focused in that I know that Games. “However, this year well as in character and per- she will continue becoming she grew tremendously both sonality. “She is really athlet- the best because she has such personally and athletically,” ic, she listens well, is very a natural talent for it,” said he added. respectful, co-operative, well- Ferguson-McKenzie. Taylor said: “Whatever mannered and she has natur- At the 13th IAAF World competition came her way, al desires to win and do Junior Championships on July GOLD MEDAL GLORY: Sixteen-year-old Shaunae Miller runs for the gold at the 13th IAAF World Junior she met the competition head extremely well in track and 22, 2010, in Moncton, Canada, Championships on July 22, 2010, in Moncton, Canada. Miller clocked 52.52 seconds to pull off the upset on and made a name for her- field. Shaunae loves track and 16-year-old Miller clocked victory over world leader Margaret Etim of Nigeria to hand the Bahamas its only medal at the new self. After winning a gold field,” she said. 52.52 seconds to pull off the Olympic stadium. medal at the Carifta Games, The strongest quality upset victory over world she went on to the Domini- Woodside seeks to develop is leader Margaret Etim of (AP Photo) can Republic in the under-17 humility. “I don’t like to blow Nigeria to hand the Bahamas girls 400m, won the gold athletes up too big, but I think its only medal at the new care and nourish this delicate press statement. hosted in her honour. “It medal and set the new nation- Shaunae can handle this Olympic stadium. gem, not just her talent, but Considered by many as the encourages me to continue to al record,” he said. because she is a very humble In celebration of Miller’s also her soul, both on and off Usain Bolt of the Bahamas, win gold for the Bahamas,” Coach Diane Woodside, person and she has had an achievements, a reception is the track. Ensuring that she Miller said that when she she said. president of Club Monica extremely great year,” she all set for September 30 at the surrounds herself with the begins a race, her mind is set While noting the impor- Athletics, said watching Miller said. Compass Point Beach Resort, right people who will steer on winning. “It’s just that I tance of celebrating athletes mature into the athlete that “I believe that it’s fitting for West Bay Street. her in the right path,” Fergu- don’t like to lose knowing that who continue to place the she is today has been a joy. her to be recognised for Ferguson-McKenzie is son-McKenzie added. I have the best training from Bahamas on the world stage, According to Woodside, achieving a gold medal cham- expected to serve as the even- Sponsored by the resort, coach Woodside,” she said. BTC marketing manager Miller was initially interested pion title at age 16. She will t’s moderator. A number of SageEden Marketing & Encouraging other upcom- Marlon Johnson extended in the 300m hurdles, but also have another opportuni- guests, including Olympic Event Planning in conjunc- ing athletes, Miller said: congratulatory remarks on coach Woodside noticed that ty in two years.” medallist Pauline Davis- tion with Club Monica Ath- “Keep your head up and nev- behalf of the management she could be a great long dis- Sharell Ferguson, chief Thompson, Government and letics, BTC and Bahamas er give up, rather always and staff. tance runner as well. executive officer of SageEden BTC officials and Miller’s Athletics, this event “serves believe in yourself and see “We are very proud of “Shaunae did a lot of dis- Marketing, Event & Image family and friends (who are to encourage Bahamian ath- yourself winning before you youth like Shaunae who are tance running and field events Consultancy, explained that set to make special presenta- letes who continue to place actually do.” focused and driven to get the and because she is tall and her company is pleased to tions) are expected to attend. the Bahamas on the interna- Miller said she is grateful gold. BTC encourages all slim, I knew that she could “Like a flower, we need to tional stage,” according to a that the reception is to be youth with a dream to take have been a very good sprint- SEE page 14
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PAGE 14, TUESDAY, SEPTEMBER 28, 2010 TRIBUNE SPORTS
LOCAL/INTERNATIONAL SPORTS CAC bodybuilders win seven medals
BODYBUILDING continues to be one egory. of the Bahamas’ most successful sports on The duo teamed up to take second place in the international level with an impressive Mixed Pairs. showing against top flight regional competi- Sidney Outten also won a silver medal in tion. the Men's Super Heavyweight division. The 12-member Central American and The team also got bronze medals from Caribbean Bodybuilding team which com- Sharmine McNabb in the Women's Heavy- peted in Aruba over the weekend returned weight, while Tammi Stubbs teamed up with with a seven-medal haul, which included four Raymond Tucker for a bronze medal in silver and three bronze. Mixed Pairs. Paul Wilson and Lorraine LaFleur led the Chanice Bain won a bronze medal in the charge with two medals each. women's fitness tall class division, however, Wilson won second place in the Men's Ban- Jan Johnson just missed out on a bronze tamweight category, while LaFleur took sec- medal in the women's B class figure when MEDAL HAUL: The 12-member Central American and Caribbean Bodybuilding team. ond place in the Women's Heavyweight cat- she finished fourth. Madrid, Inter look to find cutting edge in Europe
By STEVE DOUGLAS Associated Press Writer
LONDON (AP) — Defending champion Inter INJURED: Wayne Rooney trains with teammates at Carrington Milan and nine-time title- training ground. holder Real Madrid will look to rediscover their cutting (AP Photo) edge up front when they renew their Champions League campaigns this week. Wayne Rooney out of Inter, which drew its open- ing Group A match 2-2 with United-Valencia match FC Twente and next plays Werder Bremen, relinquished MANCHESTER, Eng- to Spain on Tuesday. its sole lead in the Italian land (AP) — Manchester United said on its web- league at the weekend when it United says Wayne site Monday that even lost 1-0 to AS Roma for its Rooney will miss Wednes- though Rooney's injury is first Serie A defeat. day's Champions League "not thought to be seri- Madrid, meanwhile, was game against Valencia ous," he will miss the game held to a goalless draw at Lev- because of an ankle injury. against the Spanish lead- ante on Saturday and will The England striker was ers. expect more when it travels substituted in the 61st United drew 0-0 with to Auxerre for its second minute of United's 2-2 Rangers in its opening Group G match this season draw at Bolton on Sunday Group C match. It is as coach Jose Mourinho con- and the Premier League already without injured tinues his bid for Champions club says he will not be wingers Ryan Giggs and League success with a third part of the squad that flies Antonio Valencia. team. Inter coach Rafa Benitez's mood will not be helped by the potential loss of striker Ajax coming up." ago, hasn't yet been given the Diego Milito, who is doubt- Barcelona, which began all-clear by the club's medical ful for the Bremen match Group D with a 5-1 thrash- staff to return to action. after injuring his thigh against ing of Panathinaikos, travels Brazil defender Adriano Roma. Wednesday to Rubin Kazan, definitely misses out for "We need to be strong in THE SPLITS: Roberto Rosales of FC Twente battles for the ball with Samuel Eto'o (right) of Inter Milan in who beat the Spanish cham- Barcelona with a muscle the final third," said the for- their first round group A Champions League match at the Grolsch Veste stadium in Enschede, Netherlands, pion 2-1 at the Nou Camp in strain. mer Liverpool manager. "We earlier this month. last year's tournament Panathinaikos hosts FC had 15 shots on goal (against Barca come into the match Copenhagen in the other Roma) and couldn't take any (AP Photo) on the back of a 3-1 win at match. of them and that is a problem Athletic Bilbao — its third Elsewhere Wednesday, for us. Wednesday. official games — five in La have won 11 European Cups successive victory in La Liga. Valencia hosts Manchester "We need to find the right Madrid remains unbeaten Liga and one in the Champi- between them — meet at the "Against Panathinaikos and United and Bursaspor goes balance. We have to analyze in the Spanish league and ons League — and our tactics Amsterdam ArenA. Atletico Madrid, we were in to Rangers in Group C, while why we didn't score." kicked off its European cam- aren't the problem, but we Milan ended a three-match good form and we did not do Group B play sees Hapoel Inter striker Samuel Eto'o, paign by beating Ajax 2-0. aren't scoring." winless run in Serie A by edg- so well against Sporting Gijon Tel Aviv hosts Lyon and who is joint top of the Serie A But Mourinho, who guid- Kaka is still out with a knee ing Genoa 1-0 on Saturday to (which Barcelona scraped Schalke is at home to Benfica. goalscorer standings with five ed Inter to Champions injury but Madrid team doc- give the players a welcome past 1-0 at home). The team is On Tuesday, Chelsea hosts goals, scored the team's League glory last season, is tor Carlos Diez said the Brazil morale boost. fine and we are competing Marseille as it looks to follow equalizer at Twente as the worried about his side's attacking midfielder, who has- "We will go to Amsterdam well." up an opening Group F win at reigning champions earned a goalscoring issues which he n't played since the World with renewed determination," Lionel Messi was expected Zilina, which visits Spartak point from what proved to be believes has cost it four points Cup, was making good Milan left back Luca Antoni- to be missing for Barcelona Moscow, and Arsenal travels a tough opener against the in two domestic matches. progress. ni said. but the Argentina forward to Partizan Belgrade and Bra- tournament newcomers. "I am obviously concerned "He is almost free of symp- "It was fundamental that has been included in the ga hosts Shakhtar Donetsk in Bremen also opened up because we need to score," toms at the moment," said we got the three points squad that travels to Russia. Group H. with a 2-2 draw against Eng- said Mourinho. "We are a sol- Diez. (against Genoa), above all Messi, who hurt his ankle In Group E, Basle is home lish side Tottenham, which is id team in defense. We have In the group's other match, from a psychological point of in a league match against to Bayern Munich and Roma at home to Twente on only allowed one goal in six AC Milan and Ajax — who view with the match against Atletico Madrid eight days hosts Cluj. Magnum eyes a spot on Pacers’ roster FROM page 15 After a standout high his best game of the Summer school senior season, Rolle League thus far with his first was signed by SEC power- NBA double double, finish- house Louisiana State Uni- ing with 19 points and 11 versity. rebounds. He shot 8-13 from At LSU, Rolle was a part of the field while adding three an historic Tigers team in the steals and a blocked shot. 2005-06 season which He was selected by the advanced all the way to the Indiana Pacers with the 51st NCAA Championship game pick in the NBA Draft and before they fell to the UCLA became the first native Bruins. Bahamian to hear his name Rolle averaged 2.2 points called on draft night in over and 2.5 rebounds per game 30 years. and appeared in 33 of the 36 The Oklahoma City Thun- games for the eventual run- der originally held the rights ners-up on a team which fea- to the 51st pick, however they tured future NBA standouts agreed to swap picks with the Glen "Big Baby" Davis and Pacers who held the 57th pick Tyrus Thomas. and selected Ryan Reid. With a depleted roster fol- The 6'11" 230-pound for- lowing the loss of its major ward out of Louisiana Tech superstars, Rolle returned to joined a Pacer draft class average 4 points and 4.1 which also includes Fresno rebounds per game with 31 State forward Paul George blocks during his sophomore and Cincinnati guard Lance season. Stephenson. Rolle transferred the fol- The Pacers finished a dis- lowing season and transferred appointing 32-50 in the 2009- to Louisiana Tech where he 10 season, a distant 10th in became one of the top front- the Eastern Conference. court players in the WAC Rolle starred on the Grand Conference. He became a two Bahama high school basket- time all-WAC Defensive ball scene for the St George's team player and was named Jaguars before relocating to to the Lefty Driesell All- the Laurinburg Institute in America Defensive Team in North Carolina. his senior year. ‘Golden girl’: Shaunae Miller ‘is the best talent we have’ FROM page 15 the most talented youth and brilliant minds in the world. It have the opportunity co-ordi- is certainly fitting to appreci- nate this reception in honour ate them to the fullest and of a young Bahamian. encourage them to achieve “Our country has some of even greater things in life.” TO DISCUSS STORIES ON THIS PAGE LOG ON TO WWW.TRIBUNE242.COM