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Investor citizenship stays off the table By NATARIO McKENZIE Tribune Business Reporter nmckenzie@tribunemedia.net THE Minnis administration presently has no plans to look at implementing an investor citizenship programme, Immigration and Financial Services Minister Brent Symonette said yesterday. Mr Symonette, who also has ministerial responsibility for trade and industry told The Tribune he was however keen on ensuring that permanent residency applications are ‘expedited’.
MINISTER of Immigration Brent Symonette
Taxing holiday home rentals levels the field By NATARIO McKENZIE Tribune Business Reporter nmckenzie@tribunemedia.net REGULARISATION and taxation of vacation home rentals will help to ‘level the playing field’ for traditional hotel operators, according to Bahamas Hotel & Tourism Association (BHTA) president Carlton Russell. Mr Russell told Tribune Business: “Regularisation efforts, including the application of an appropriate tax regime for these vacation rentals, will help level the playing field for traditional hotel operators in the destination; from boutique hotels located in our family islands where vacation homes are prolific, to the larger properties primarily located in Nassau and Paradise Island.” He added: “The regularisation of the vacation home rental market will not only help address issues of parity pertaining to cost of product and services, it will also ensure vacation home owners, many of whom live outside this country and
“One of the things we’re doing with regard to Financial Services, and myself by being in the same ministry, is making sure persons who apply for permanent residency and anything on the Immigration side under the Financial Services Act, are dealt with more expeditiously,” he said. “The bankers and high net worth people with second homes, we want to ensure that those are dealt with on an expedited basis while still trying to get the backlog through.” On the issue of looking at an investor citizenship programme
as a means of attracting financial services business and investors, Mr Symonette said: “We have no plans of that at the moment. We’re going to look at the whole question of permanent residency first. I think one of our Caribbean countries recently went that route and had some problems with another country and visas. There is no plan to do that at the moment.” So-called ‘Investor Citizenship’ programmes have been mulled and floated in the past most recently by Sean McWeeney, a See PG B2 TOURISM Minister Dionisio D’Aguilar said last week that legislation is being drawn up to regulate the vacation home rental sector. Photo: Terrel W. Carey/Tribune Staff
benefit from costly destination marketing efforts, contribute to the public purse.” Tourism Minister Dionisio D’Aguilar said last week that legislation is being drawn up to regulate the vacation home rental sector which will include taxing rental income. The Ministry of Tourism has signed a Memorandum of Understanding (MoU) with Airbnb which requires Airbnb to collect all due taxes and fees associated with Bahamas-based vacation rentals listed on its website, and ensure those landlords are in full compliance with local rules and regulations. Airbnb is an online marketplace and network which enables homeowners to list/rent short-term stays in their residential properties to tourists, with the cost set by the property owner. “Bringing vacation homeowners into the regulatory regime will ensure important protocols, such as fire and safety standards currently adhered to by licensed hotel properties, See PG B2
$4.18 SECOND CHANCE FOR STAKEHOLDERS TO ENSURE NHI DELIVERS By NATARIO McKENZIE Tribune Business Reporter nmckenzie@tribunemedia.net THE Bahamas has been afforded a ‘second opportunity’ to get National Health Insurance (NHI) right the Bahamas Insurance Association’s (BIA) deputy chairman said yesterday, urging that ‘all hints’ of politics ‘must be removed’. Tina Cambridge, deputy chairperson of the Bahamas Insurance Association (BIA) while addressing the Rotary Club of Southeast Nassau yesterday, said: “We have another opportunity to get this right. We have been blessed with a second opportunity to get this right. It’s a national initiative and so we must remove all hints of politics. We must include all stakeholders.” The Christie administration launched NHI’s primary care phase just prior to the general elections back in May. Ms Cambridge asserted the BIA’s assertion that critical elements of NHI governance and healthcare delivery structure were not in place. The insurance body had previously called into question the acts undertaken by the former administration to implement the plan given See PG B2
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THE TRIBUNE
HOW IMPORTANT IS CHOOSING THE RIGHT FONT? IMAGINE hauling around heavy boxes of metal type, a different set for every typeface and having to assemble your text letter by letter in order to design a document. Certainly that seems a world away from our point-andclick, instant world of digital design. Moreover it really wasn’t too many years ago that a font would have been known as a specific set of movable metal type rather than a funny name in a software programme’s drop-down menu. Well although our design methods have come a long way, sometimes navigating the modern process of choosing and using fonts can seems almost as difficult and complicated as the good old days of metal typesetting and printing presses. By the same token, you may have heard the text you use in design projects referred to as both fonts
and typefaces and wondered if the two terms mean the same thing. Technically and historically (in terms of typesetting) they’re different, but today, they’re often used interchangeably. So let’s first ask the big question what is a font or a typeface? * The typeface is the design; the font is how that design is delivered. • Typeface + style + size = font • A font is what you use; a typeface is what you see. No need to worry about the differences.
Why do font choices matter?
Designers have been known to compare choosing fonts for design projects with choosing an outfit to wear. And it’s an apt analogy. Think about what your clothes might say about you: based on what you wear, people might rightly
Second chance for stakeholders to ensure NHI delivers From pg B1 the NHI Authority Board had not been appointed. With that Board having now been put in place by the Minnis administration, Ms Cambridge suggested it
would be challenged with ‘righting the ship’. “They have to concern themselves with what has happened to date, righting the ship and trying to take care of those people who have enrolled,” said said.
or wrongly make assump- effectively communicating tions about your style, the qualities I want to propersonality, socio-economic ject? These considerations background, age (or the are part of what makes age you wish you were), or choosing fonts such an the kind of impression you important part of the design want to make. process, one that should be Subsequently different approached thoughtfully. occasions and situations Ultimately your first concall for different apparel. cern in choosing a font for Actually, you wouldn’t a project should be that it wear a bathing suit to a job complements the message interview; nor would you or purpose of your design. wear a suit and tie during This is key as every typeyour vacation on the beach face has its own mood or either? temperament. Maybe it’s Nonetheless, there’s an serious, casual, playful, element of appropriateness or elegant. You’ll need to to consider. Think about determine what a particuwhat your clothes do for lar font is saying to you, you, font choices serve the and whether that fits with same purpose in a design. your design. Do you know fonts actuWith this in mind, try ally talk? Always try to not to give viewers an determine whether your excuse to make inapproprifont is saying “beach vaca- ate assumptions about your tion” when it should be brand or business. Bad saying “job interview”. typographic choices always Ask yourself does the ele- distracts from a design’s ments of my font “outfit” message and intentions. clash, or do they comple- Hence if the characteristics ment each other? Are they the font is communicating
don’t match the message of your overall design, then there will be a visual disconnect for the viewers or users of your design. Remember if you find yourself wondering or confused regarding font choices; simply ask yourself this question: Does this font support the qualities of my brand or complement the purpose of my design? If it does not always match another fit that won’t weaken your communication. Until we meet again, fill your life with memories as appose to regrets. Enjoy life and stay on top of your game! • NB: The columnist welcomes feedback at deedee21bastian@ gmail.com ABOUT THE COLUMNIST: Deidre Marie Bastian is a professionally trained Graphic Designer/ Marketing Coordinator
with qualifications of M.Sc., B.Sc., A.Sc. She has trained at institutions such as: Miami Lakes Technical Centre, Success Training College, College of The Bahamas, Nova South Eastern University, Learning Tree International, Langevine International and Synergy Bahamas.
“Only the Board according to the law can appoint a managing director and only a managing director can delegate responsibilities.” More than 25,000 Bahamians and legal residents have enrolled in the scheme to-date but Ms Cambridge noted people are getting no more than what was already available to them in terms of
private healthcare scheme; 33 per cent through private health insurance and 17 per cent through civil service health care plans. She also sought to dispel the notion that insurers were merely agitating over NHI because of concerns for their profits. “The profit margins for health insurance companies in this market are very slim,” she said. “Seventy five percent of the premiums we collect
go toward the payment of claims, 15 per cent goes to administration costs, seven per cent brokers commissions, leaving a three per cent profit for insurers.” Ms Cambridge said that moving forward, there is a need for a good and effective governance structure, the upgrade and strengthening of the this nation’s healthcare infrastructure and for existing inefficiencies and wastage to be addressed.
benefits through the public healthcare are system. She said the NHI is the actual funding mechanism for the delivery of universal health care in The Bahamas adding that while the BIA supports universal health coverage, there must be a collaboration among all stakeholders and a phased approach due to operational adjustments and the financial burden. Ms Cambridge noted that 40-50 percent of the population is covered under a
former attorney general and key advisor to ex-premier Perry Christie. The idea had been ruled out however by the former administration with former financial services minister Hope Strachan stating that such a reform was “not so palatable” in the current environment. Such an initiative would eventually grant citizenship to a limited group of
Taxing holiday home rentals levels the field From pg B1
BY DEIDRE M BASTIAN
individuals, once they met certain criteria, including a high multi-million dollar investment threshold. Those qualifying for such a programme would essentially have to invest in Bahamas-based developments and companies that created local jobs, but Mr McWeeney’s proposal drew a mixed reaction from the Bahamian private sector in mid-2014. Investor citizenship programmes have been
adopted by countries such as Grenada, Antigua and Barbuda, Malta, the Netherlands, the UK and Spain, either allowing direct citizenship by investment or offering routes to citizenship for wealthy investors. Concerns have been raised, however, over the transparency and accountability surrounding such programmes, which have also drawn the attention of regulators and law enforcement agencies in nations such as the US on the grounds that citizenship is being ‘bought’.
will be enforced, to avoid any issues arising which would damage the reputation of the destination to the detriment of the entire tourism industry,” said Mr Russell. He noted that the ‘sharing” culture is thriving in the travel industry today,
with apartment dwellers or vacation home owners using a variety of distribution channels including Airbnb to rent out their vacation homes, unused apartment units or spare bedrooms to travellers seeking alternatives to traditional hotel stays.
Investor citizenship stays off the table From pg B1
The Art of Graphix
THE TRIBUNE
Thursday, August 17, 2017, PAGE 3
LABOUR-SHORT JAPAN MORE AT HOME WITH AUTOMATION THAN US By YURI KAGEYAMA Associated Press MORIYA, Japan (AP) — Thousands upon thousands of cans are filled with beer, capped and washed, wrapped into six-packs, and boxed at dizzying speeds — 1,500 a minute, to be exact — on humming conveyor belts that zip and wind in a sprawling factory near Tokyo. Nary a soul is in sight in this picture-perfect image of Japanese automation. The machines do all the heavy lifting at this plant run by Asahi Breweries, Japan’s top brewer. The human job is to make sure the machines do the work right, and to check on the quality the sensors are monitoring. “Basically, nothing goes wrong. The lines are up and running 96 percent,” said Shinichi Uno, a manager at the plant. “Although machines make things, human beings oversee the machines.” The debate over machines snatching jobs from people is muted in Japan, where birth rates have been sinking for decades, raising fears of a labor shortage. It would be hard to find a culture that
celebrates robots more, evident in the popularity of companion robots for consumers, sold by the internet company SoftBank and Toyota Motor Corp, among others. Japan, which forged a big push toward robotics starting in the 1990s, leads the world in robots per 10,000 workers in the automobile sector — 1,562, compared with 1,091 in the U.S. and 1,133 in Germany, according to a White House report submitted to Congress last year. Japan was also ahead in sectors outside automobiles at 219 robots per 10,000 workers, compared with 76 for the U.S. and 147 for Germany. One factor in Japan’s different take on automation is the “lifetime employment” system. Major Japanese companies generally retain workers, even if their abilities become outdated, and retrain them for other tasks, said Koichi Iwamoto, a senior fellow at the Research Institute of Economy, Trade and Industry. That system is starting to fray as Japan globalizes, but it’s still largely in use, Iwamoto said. Although data from the Organization for Economic
Cooperation and Development show digitalization reduces demand for midlevel routine tasks — such as running assembly lines — while boosting demand for low- and high-skilled jobs, that trend has been less pronounced in Japan than in the U.S. The OECD data, which studied shifts from 2002 to 2014, showed employment trends remained almost unchanged for Japan. That means companies in Japan weren’t resorting as aggressively as those in the U.S. to robots to replace humans. Clerical workers, for instance, were keeping their jobs, although their jobs could be done better, in theory, by computers. That kind of resistance to adopting digital technology for services also is reflected in how Japanese society has so far opted to keep taxis instead of shifting to online ride hailing and shuttle services.
Still, automation has progressed in Japan to the extent the nation has now entered what Iwamoto called a “reflective stage,” in which “human harmony with machines” is being pursued, he said. “Some tasks may be better performed by people, after all,” Iwamoto said. Kiyoshi Sakai, who has worked at Asahi for 29 years, recalls how, in the past, can caps had to be placed into machines by hand, a repetitive task that was hard not just on the body, but also the mind.
And so he is grateful for automation’s helping hand. Machines at the plant have become more than 50 percent smaller over the years. They are faster and more precise than three decades ago. Gone are the days things used to go wrong all the time and human intervention was needed to get machines running properly again. Every 10 to 15 minutes, people used to have to go check on the products; there were no sensors back then. Glitches are so few these days there is barely any
reason to work up a sweat, he added with a smile. Like many workers in Japan, Sakai doesn’t seem worried about his job disappearing. As the need for plant workers nosedived with the advance of automation, he was promoted to the general affairs section, a common administrative department at Japanese companies. “I remember the work being so hard. But when I think back, and it was all about delivering great beer to everyone, it makes me so proud,” said Sakai, who drinks beer every day.
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PAGE 4, Thursday, August 17, 2017
THE TRIBUNE
UK VOWS BREXIT WON’T MEAN THE RETURN OF IRISH BORDER POSTS
By JILL LAWLESS Associated Press LONDON (AP) — There must be no border posts between the U.K. and Ireland after Brexit, and European Union citizens will be able to enter Britain through EU member state Ireland without immigration checks, the British government said Wednesday. Britain has vowed to end the free movement of people from the bloc after it leaves the EU in 2019, removing the automatic right of EU nationals to settle and work in the U.K. But it made clear on Wednesday that EU
citizens will still be able to travel freely from Ireland to Northern Ireland, and onward to other parts of the U.K. Outlining proposals for the Ireland-Northern Ireland border — one of the most complex aspects of Brexit — the government said there should be no physical border posts or electronic checks. It also committed itself to maintaining the border-free Common Travel Area covering the U.K. and Ireland, which predates the establishment of the EU. “There should be no physical border infrastructure of any kind on either side of the border between
IRELAND’s Foreign Affairs Minister, Simon Coveney, speaks to the media, at Iveagh House in Dublin, in response to the UK Government’s Brexit proposals, Wednesday Aug. 16, 2017. Britain said there must be no border posts or electronic checks between Northern Ireland and the Irish republic after Brexit, and it committed itself to maintaining the longstanding, borderfree Common Travel Area covering the U.K. and Ireland. (Brian Lawless/PA via AP)
Northern Ireland and Ireland,” Conservative British Prime Minister Theresa May said. The right of EU citizens to live in any member state is one of the EU’s key principles, and has allowed hundreds of thousands of Europeans to move to Britain and get jobs there, especially since the bloc expanded into eastern Europe more than a decade ago. There are an estimated 3 million EU nationals living in Britain, and 1 million Britons residing in other parts of the bloc. Many Britons who voted last year to leave the EU cited a desire to regain control of immigration as a key reason.
In the Estate of CHARLES CHEA late and domiciled of 6615 Country Field Drive in the City of San Antonio in the County of Bexar in the State of Texas, 78240, one of the States of the United States of America, deceased. NOTICE NOTICE is hereby given that all persons having any claim or demand against the said estate are required to send the same duly certified in writing to the undersigned on or before the 18th day of October, A.D. 2017, after which date the Executor will proceed to distribute the estate having regard only to the claims of which he shall have had notice. AND notice is hereby given that all persons indebted to the estate are required to make full settlement on or before the date hereinabove mentioned. CEDRIC L. PARKER & CO. Attorneys for the Executor 9 Harcourt (Rusty) Bethel Drive Nassau, Bahamas
In a paper outlining proposals for the Irish border after Brexit, the British government insisted it will be able to control immigration through work permits or other measures, even though EU nationals will remain free to come and go. It said “immigration controls are not, and never have been, solely about the ability to prevent and control entry at the U.K.’s physical border.” Control of access to the labor market and social welfare are also “an integral part” of the immigration system, the paper added. Northern Ireland is an especially thorny issue in Brexit talks, because it has the U.K.’s only land border with the EU, and because an open border has helped build the economic prosperity that underpins the peace process in Northern Ireland. Since the 1998 Good Friday peace accord, British military checkpoints along the border have been dismantled, rendering it all but invisible. Thousands of people cross the 300-mile (500-kilometer) border every day. Britain said it was determined that “nothing agreed as part of the U.K.’s exit in any way undermines” the Northern Ireland peace agreement. The government’s Department for Exiting the European Union acknowledged that “unprecedented” solutions would be needed to preserve the peace process and maintain the benefits of an open border after Britain leaves the EU, its single market in goods and services and its tarifffree customs union.
The Bahamas Public Services Union
Special General meetinG for nomination of officerS to Serve for 2017-2020 The Bahamas Public Services Union in accordance with Article 21-(i) of the Union’s Constitution will hold a Special General meeting, for the nomination of officers to serve for the year 2017 - 2020 on Thursday, August 17th, 2017 beginning at 6:00pm at the Bahamas Communication and Public Officers Union located Farrington Road, Nassau Bahamas. Nomination forms may be collected at the Union’s Administration Office, Wulff Road between the hours of 9:30am to 4:40pm Monday through Friday commencing Thursday, 3rd August, 2017 Candidates for all positions are urged to collect and return the completed forms to the Secretary General on or before 5:00pm Wednesday, 15th August 2017.
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Thursday, August 17, 2017, PAGE 5
ON A CHAOTIC DAY IN DC, TRUMP GOES AFTER AMAZON, AGAIN WASHINGTON (AP) – President Donald Trump renewed his attacks on e-commerce giant Amazon, saying Wednesday that the company is “doing great damage to tax paying retailers.” Trump, in a tweet, said that “towns, cities and states throughout the U.S. are being hurt - many jobs being lost!” The president has been a frequent critic of the company and CEO Jeff Bezos (BAY’-zohs), who also owns The Washington Post. Many traditional retailers are closing stores and blaming Amazon for a shift to buying goods online. But the company has been hiring thousands of warehouse workers on the spot at job fairs across the country. Amazon has announced goal of adding 100,000 fulltime workers by the middle of next year. Trump has said that Amazon does not pay “Internet taxes,” but it’s unclear what he meant by that. Amazon.com collects state sales taxes in all 45 states with a sales tax and the District of Columbia, according to their website. State governments have sought to capture sales taxes lost to internet retailers, though they have struggled with a 1992 Supreme Court ruling that found for a state to collect sales tax from retailer, the retailer must have a physical presence within state borders.
The issue arose recently in South Carolina, which is attempting recoup tax revenue it says it’s owed in court. This summer, the state Department of Revenue filed a case with the Administrative Law Court, alleging that Amazon had failed to collect taxes on third-party merchant sales. Third-party merchant sales involve items that can be bought on Amazon.com, but the company acts solely as a middleman between buyers and sellers. Amazon processes the payments and offers other support to the parties involved. The state claims that Amazon owes the state $12.5 million in taxes, penalties and interest from first quarter of last year alone, according to the complaint obtained by The Associated Press. Amazon had a five-year moratorium on taxes, the state wrote in the complaint, giving the company “fair warning that its sales of tangible personal property in South Carolina subjected it to South Carolina’s taxing jurisdiction.” The state’s case is in the early stages, and a court date has not been set. For years, the Seattle company fought against collecting sales taxes from its customers. According to the National Conference of State Legislatures, South Carolina was among 10 states that initially gave Amazon a temporary tax
reprieve in exchange for jobs and investment, voting in 2011 to give the company until the beginning of 2016 before the state levied taxes. According to the conference, that deal made South Carolina the last state to collect among those where officials cut similar deals with Amazon. The company promised to create at least 2,000 full-time jobs and invest $125 million by Dec. 31, 2013. It opened two distribution centers in the state. Max Behlke, who has been tracking this issue for the conference, told AP
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Wednesday that dozens of states have been grappling with how to collect taxes from entities like Amazon, with several heading to court over it in recent years. As for the South Carolina case, Behlke said it could lead to more actions elsewhere. “If the court ends up ruling in favor of the state, then I can almost guarantee you that we’re going to see other state tax departments handling it similarly, too,” he said. Amazon did not immediately respond to an emailed request for comment.
U.S. President Donald Trump speaks during an event at the White House in Washington. Trump is renewing his attacks on Amazon, and he says the company is “doing great damage to tax paying retailers.” Amazon did not immediately respond to an emailed request for comment. (AP Photos)
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PAGE 8, Thursday, August 17, 2017
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Raw feelings close to the surface at Fox over Trump remarks By DAVID BAUDER Associated Press NEW YORK (AP) — A Fox News Channel anchor whose reaction to President Donald Trump’s comments on Charlottesville spread widely says she feels threatened but not deterred after
a flood of angry responses from viewers to her words. Kat Timpf, of the show “The Fox News Specialists,” said that she’s blocked part of her Twitter feed and stopped looking at emails. A day earlier, Timpf called Trump’s news conference disgusting and said “I have
too much eye makeup on to cry right now.” Raw feelings were close to the surface on news networks Wednesday but particularly at Fox, the favorite news network for Trump and his supporters, after the president said there was “blame on both sides” for violence at
KINGSWAY ACADEMY
Teacher Applications for September 2017 - 2018 Kingsway Academy invites applications from highly qualified and experienced candidates who are committed to the spiritual, intellectual and social development of students, and who are willing to enrich our school community beyond the classroom. High School • English Language • Mathematics • Physical Education Successful candidates will meet the following criteria: • An academic degree in the area of specialization • A teaching certificate • Strong oral and written communication skills • Interest in and skills to participate in extra-curricular activities or committees • Be a born-again Christian with high standards of morality A complete application package includes the following: A completed Kingsway Academy application form, a detailed resume with cover letter, a recent photo, a legible e-mail address, working telephone contacts, and three reference forms - one being from your church’s minister, a police record and a health record. The application and reference forms are accessible at the school’s website at www.kingswayacademy.com click on About Us or at the school’s Business Office located on Bernard Road. Packages should be forwarded to: Kingsway Academy Employment Kingsway Academy P O Box N-4378 Nassau, The Bahamas E-mail: employment@kingswayacademy.com To ensure consideration, application packages must be received by Wednesday, August 23, 2017 at the Herbert L. Treco Administration Building at the school.
a weekend rally in Virginia organized by white nationalists. Tears flowed on the air, by CNN’s Kate Bolduan as she watched a memorial service for a woman killed Saturday, by Fox’s Melissa Francis as she argued on “Outnumbered” and by two guests on a “Fox & Friends segment.
Timpf’s reaction to Trump was even replayed hours later by Rachel Maddow on MSNBC. That left her vulnerable to attack by Trump supporters, who seem to take particular affront when the president is criticized on Fox. Both Timpf and Eboni K. Williams, a co-host who blistered Trump in a commentary on Monday’s show,
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PEOPLE pass the News Corporation headquarters building and Fox News studios in New York. A Fox News Channel anchor whose reaction to President Donald Trump’s comments on Charlottesville spread widely says she feels threatened but not deterred after a flood of angry responses from viewers to her words. Kat Timpf, of the Fox show “The Specialists,” said Wednesday, Aug. 16, that she’s blocked part of her Twitter feed and stopped looking at emails. A day earlier, Timpf called Trump’s news conference disgusting and said “I have too much eye makeup on to cry right now.” (AP Photo/ inspired Twitter hashtags calling for their firing. Wrote one critic on Twitter: “I thought I was watching MSNBC.” Another suggested, “get rid of the snowflakes. Your (sic) turning into another liberal news channel.” Some messages were unprintably vile; Timpf retweeted one. Timpf, in an interview, said she was particularly chilled by one tweet that called her “a disgrace to the white race.” “I’ve gotten some positive things, but the negativity I’ve gotten is incredibly disturbing,” she said. “I’ve seen enough to know just how disturbing the climate is right now. I’m fully aware of it and don’t need any more bringing me down on a personal level.” She said that “it doesn’t seem like it’s too difficult to do the right thing and respond by saying ‘Nazis are bad.’ I can’t believe that my stance is a controversial stance, or something you need to even take a stand on at all these days. It’s really upsetting.” Timpf said she didn’t care if she’d lost some support from Fox viewers. “There’s nothing in my head that has me even considering approaching things in any other way than I have approached it,” she said. Earlier on Wednesday, a “Fox & Friends” segment anchored by Abby Huntsman ended with both guests in tears. Billed as a debate on removing Confederate monuments between Johns Hopkins University professor Wendy Osefo and Republican consultant Gianno Caldwell, the participants instead turned their attention to condemning Trump. “This has become very troubling,” said Caldwell, who said he couldn’t sleep the night before. “For anyone to come on any network and defend what President Trump did and said at the press conference yesterday is completely lost and (has) the potential to be morally bankrupt.” Fox News anchor Shepard Smith said his show had tried without success Wednesday to book Republicans who would defend Trump. “Let’s be honest, Republicans often don’t really mind coming on Fox News Channel,” Smith said. But he said that Republican leaders who had condemned the president spoke in generalities while not using Trump’s name. Francis lost her composure on Fox’s midday show while discussing with Juan Williams the idea of whether Trump was assigning equivalency to both sides of the Charlottesville protest.
THE TRIBUNE
Thursday, August 17, 2017, PAGE 9
Facebook bans white nationalist’s accounts over hate speech MOUNTAIN VIEW, Calif. (AP) — Facebook has banned the Facebook and Instagram accounts of a white nationalist who attended the rally in Charlottesville, Virginia, that ended in deadly violence. Facebook spokeswoman Ruchika Budhraja tells The Associated Press that the profile pages of Christopher Cantwell have been removed as well as a page connected to his podcast. Cantwell was featured in a Vice News documentary about the rally and its aftermath. Facebook has also removed at least eight pages
connected to the white nationalist movement over what Budhraja says were violations on the company’s polices on hate speech and organizations. Cantwell, of Keene, New Hampshire, was listed on rally flyers and labeled an extremist by the Southern Poverty Law Center. A former information technology worked who moved to New Hampshire from New York in 2012, the 36-yearold Cantwell describes himself as a white nationalist and said he voted for President Donald Trump. He has a podcast and blog that promote his views.
Cantwell says Facebook shut down his account in an attempt to silence him for his views. He also said his PayPal account had been closed. The company wouldn’t confirm because it has a policy of not commenting on the status of accounts. “I’m not surprised by almost any of this because the whole thing we are complaining about here is that we are trying to express our views, and everybody is going through extraordinary lengths to make sure we are not heard,” Cantwell said in a phone interview from an undisclosed location.
THE FACEBOOK logo is displayed on an iPad in Philadelphia. Facebook told The Associated Press yesterday, it has banned the Facebook and Instagram accounts of one of a white nationalist who attended a rally in Charlottesville, Virginia, that ended in deadly violence. (AP Photo/ Matt Rourke, File)
PAGE 10, Thursday, August 17, 2017
WINNER OF UTAH GOP PRIMARY CUTS NUANCED STANCE ON TRUMP
By MICHELLE L. PRICE Associated Press SALT LAKE CITY (AP) — A Republican Utah mayor celebrating a primary win will have to fend off competitors linking him to
embattled President Donald Trump as he prepares for the general election to replace Jason Chaffetz in the U.S. House of Representatives. John Curtis, the popular mayor of the Mormon stronghold of Provo, won a GOP primary Tuesday
in Utah after fending off two challengers in Utah’s 3rd Congressional District who were both backed by further-right conservatives. The challengers tried to undercut him for having once been a Democrat.
The win gives him a heavy advantage in the November special election in the district, where Republicans outnumber Democrats 5-to1. But Curtis’s opponents have already cast him as the candidate of Trump and his party.
Jim Bennett, the first candidate of a new centrist United Utah Party, congratulated Curtis but said in a statement that as a good man, Curtis should feel uncomfortable in the “Party of Trump.”
THE TRIBUNE Democratic Dr. Kathryn Allen agreed Wednesday, saying Curtis can’t avoid being linked to the president. “Members of the GOP seem to fall in line, no matter what,” she said. “It’s kind of hard to believe that another representative from the same party would behave any differently.”
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PAGE 12, Thursday, August 17, 2017
THE TRIBUNE
White House: Govt to make health law payments this month
By RICARDO ALONSOZALDIVAR Associated Press WASHINGTON (AP) — The government will make this month’s payments to insurers under the Obamaera health care law that President Donald Trump still wants to repeal and replace, a White House official said Wednesday.
Trump has repeatedly threatened to end the payments, which help reduce health insurance copays and deductibles for people with modest incomes, but remain under a legal cloud. A White House spokesman said “the August payment will be made,” insisting on anonymity to discuss the decision ahead of the official announcement. The so-called “cost-sharing”
subsidies total about $7 billion this year and are considered vital to guarantee stability for consumers who buy their own individual health insurance policies. Insurers say they want to the administration to do more, and guarantee the payments at least through next year. But on Capitol Hill, a senior Republican applauded Trump’s move.
“State insurance commissioners have warned that abrupt cancellation of cost-sharing subsidies would cause premiums, copays and deductibles to increase and more insurance companies to leave the markets,” said Sen. Lamar Alexander, R-Tenn., chairman of the Health, Education, Labor and Pensions Committee. “Congress now should pass balanced, bipartisan, limited
legislation in September that will fund cost-sharing payments for 2018.” The Congressional Budget Office reported this week that premiums for a popular type of individual health care plan under the Affordable Care Act would rise sharply, and that more people would be left without options for coverage, if Trump kept his threat to stop the payments. Moreover, ending the payments would only increase federal deficits since it would trigger a rise in separate health law subsidies for premiums, wiping out any potential savings. The subsidies are snared in a legal dispute over whether the Obama health care law properly approved the payments to insurers. Adding to the confusion, other parts of the law clearly direct the government to reimburse the carriers. The disagreement is over whether the law properly provided a congressional “appropriation,” similar to an instruction for the Treasury to pay the money. The Constitution says the government shall not spend money unless Congress appropriates it. House Republicans trying to thwart the health law sued the Obama administration in federal court in Washington, arguing that it lacked specific language appropriating the cost-sharing subsidies. A district court judge agreed with House Republicans, and the case has been on hold before the U.S. appeals court in Washington. For months, Trump has been raising the prospect of terminating payments as a way to trigger a crisis and get Democrats to negotiate on a health care bill.
PRESIDENT Donald Trump speaks during an event about healthcare, in the Blue Room of the White House in Washington. The government will make this month’s payments to insurers under the Obamaera health care law that President Donald Trump still wants to repeal and replace, a White House official said yesterday. (AP Photo/Alex Brandon, File) After the GOP drive to repeal “Obamacare” collapsed, the president tweeted: “As I said from the beginning, let ObamaCare implode, then deal. Watch!” Trump elaborated in another tweet, “If a new HealthCare Bill is not approved quickly, BAILOUTS for Insurance Companies...will end very soon!” But with polls showing the public would blame Trump for “Obamacare” problems on his watch, congressional Republicans are not keen on going that route. It’s estimated that nearly 18 million people purchase individual health insurance policies. About half of them pay the full cost themselves and would risk the biggest disruptions from a spike in premiums.
NOTICE Pursuant to the provisions of Section 138 (4) of the International Business Companies Act, 2000, (As Amended) NOTICE is hereby given that, VIKING II LIMITED is in dissolution and that the date of commencement of the dissolution is the 4th day of August A. D. 2017
MARKET REPORT WEDNESDAY, 16 AUGUST 2017
t. 242.323.2330 | f. 242.323.2320 | www.bisxbahamas.com
BISX ALL SHARE INDEX: CLOSE 1,834.27 | CHG 0.16 | %CHG 0.01 | YTD -103.94 | YTD% -5.36 BISX LISTED & TRADED SECURITIES 52WK HI 4.38 19.17 9.09 3.70 2.41 0.13 6.50 8.60 6.30 10.60 14.49 2.52 1.60 6.00 10.00 11.00 10.10 7.25 12.51 11.00
52WK LOW 4.01 17.43 8.19 3.50 1.39 0.12 3.80 8.40 5.83 9.46 10.00 2.18 1.50 5.80 8.75 7.01 8.10 6.60 11.93 10.00
1000.00 1000.00 1000.00 1000.00
900.00 1000.00 1000.00 1000.00
PREFERENCE SHARES
1.00 106.00 100.00 106.00 105.00 103.00 100.00 10.00 1.01
1.00 100.00 100.00 100.00 105.00 100.00 100.00 10.00 1.01
SECURITY AML Foods Limited APD Limited Bahamas Property Fund Bahamas Waste Bank of Bahamas Benchmark Cable Bahamas CIBC FirstCaribbean Bank Colina Holdings Commonwealth Bank Commonwealth Brewery Consolidated Water BDRs Doctor's Hospital Famguard Fidelity Bank Finco Focol ICD Utilities J. S. Johnson Premier Real Estate Cable Bahamas Series 6 Cable Bahamas Series 8 Cable Bahamas Series 9 Cable Bahamas Series 10 Colina Holdings Class A Commonwealth Bank Class E Commonwealth Bank Class J Commonwealth Bank Class K Commonwealth Bank Class L Commonwealth Bank Class M Commonwealth Bank Class N Fidelity Bank Class A Focol Class B
CORPORATE DEBT - (percentage pricing) 52WK HI 100.00 100.00 100.00
52WK LOW 100.00 100.00 100.00
SYMBOL AML APD BPF BWL BOB BBL CAB CIB CHL CBL CBB CWCB DHS FAM FBB FIN FCL ICD JSJ PRE CAB6 CAB8 CAB9 CAB10 CHLA CBLE CBLJ CBLK CBLL CBLM CBLN FBBA FCLB
SECURITY Fidelity Bank Note 17 (Series A) + Fidelity Bank Note 18 (Series E) + Fidelity Bank Note 22 (Series B) +
SYMBOL FBB17 FBB18 FBB22
Bahamas Note 6.95 (2029) BGS: 2014-12-3Y BGS: 2015-1-3Y BGS: 2014-12-5Y BGS: 2015-1-5Y BGS: 2014-12-7Y BGS: 2015-1-7Y BGS: 2014-12-30Y BGS: 2015-1-30Y BGS: 2015-6-3Y BGS: 2015-6-5Y BGS: 2015-6-7Y BGS: 2015-6-30Y BGS: 2015-10-3Y BGS: 2015-10-5Y BGS: 2015-10-7Y
BAH29 BG0103 BG0203 BG0105 BG0205 BG0107 BG0207 BG0130 BG0230 BG0303 BG0305 BG0307 BG0330 BG0403 BG0405 BG0407
BAHAMAS GOVERNMENT STOCK - (percentage pricing) 115.92 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00
104.79 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00
MUTUAL FUNDS 52WK HI 2.07 3.95 1.96 170.77 146.34 1.50 1.67 1.58 1.10 6.99 8.54 6.15 10.52 11.46 10.46
52WK LOW 1.67 3.04 1.68 164.74 116.70 1.44 1.63 1.55 1.04 6.41 7.62 5.66 8.65 10.54 9.57
LAST CLOSE 4.27 17.43 9.09 3.60 1.47 0.12 3.92 8.60 6.10 9.98 10.01 2.48 1.55 6.00 9.75 7.01 9.75 7.01 12.50 10.00 1000.00 1000.00 1000.00 1000.00 1.00 100.00 100.00 100.40 100.00 100.00 100.00 10.00 1.01 LAST SALE 100.00 100.00 100.00 108.37 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00
CLOSE 4.27 17.43 9.09 3.70 1.47 0.12 3.92 8.60 6.10 9.98 10.01 2.46 1.55 6.00 9.75 7.01 9.75 7.01 12.50 10.00
CHANGE 0.00 0.00 0.00 0.10 0.00 0.00 0.00 0.00 0.00 0.00 0.00 -0.02 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
1000.00 1000.00 1000.00 1000.00 1.00 100.00 100.00 100.40 100.00 100.00 100.00 10.00 1.01
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
CLOSE 100.00 100.00 100.00
CHANGE 0.00 0.00 0.00
108.31 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00
-0.06 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
FUND CFAL Bond Fund CFAL Balanced Fund CFAL Money Market Fund CFAL Global Bond Fund CFAL Global Equity Fund FG Financial Preferred Income Fund FG Financial Growth Fund FG Financial Diversified Fund FG Financial Global USD Bond Fund Royal Fidelity Bahamas Opportunities Fund - Secured Balanced Fund Royal Fidelity Bahamas Opportunities Fund - Targeted Equity Fund Royal Fidelity Bahamas Opportunities Fund - Prime Income Fund Royal Fidelity Int'l Fund - Equities Sub Fund Royal Fidelity Int'l Fund - High Yield Fund Royal Fidelity Int'l Fund - Alternative Strategies Fund
VOLUME 125 2,000
840
VOLUME
NAV 2.07 3.95 1.96 174.30 146.25 1.50 1.63 1.58 1.08 6.92 8.03 6.15 10.52 11.46 10.01
EPS$ 0.444 0.932 -0.510 0.383 -0.340 0.000 -0.760 0.587 0.190 0.540 0.570 0.102 0.455 0.753 0.763 0.330 0.830 0.600 0.697 0.000
DIV$ 0.080 1.000 0.000 0.210 0.000 0.000 0.000 0.300 0.220 0.360 0.570 0.060 0.060 0.290 0.450 0.000 0.340 0.140 0.620 0.000
P/E 9.6 18.7 N/M 9.7 N/M N/M -5.2 14.7 32.1 18.5 17.6 24.1 3.4 8.0 12.8 21.2 11.7 11.7 17.9 0.0
YIELD 1.87% 5.74% 0.00% 5.68% 0.00% 0.00% 0.00% 3.49% 3.61% 3.61% 5.69% 2.44% 3.87% 4.83% 4.62% 0.00% 3.49% 2.00% 4.96% 0.00%
0.000 0.000 0.000 0.000 0.000 0.000 0.000 0.000 0.000 0.000 0.000 0.000 0.000
0.000 0.000 0.000 0.000 0.000 0.000 0.000 0.000 0.000 0.000 0.000 0.000 0.000
0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0
0.00% 0.00% 0.00% 0.00% 6.25% 6.25% 6.25% 6.25% 6.25% 6.25% 6.25% 7.00% 6.50%
INTEREST 7.00% 6.00% Prime + 1.75%
MATURITY 19-Oct-2017 31-May-2018 19-Oct-2022
6.95% 4.00% 4.00% 4.25% 4.25% 4.50% 4.50% 6.25% 6.25% 4.00% 4.25% 4.50% 6.25% 3.50% 3.88% 4.25%
20-Nov-2029 15-Dec-2017 30-Jul-2018 16-Dec-2019 30-Jul-2020 15-Dec-2021 30-Jul-2022 15-Dec-2044 30-Jul-2045 26-Jun-2018 26-Jun-2020 26-Jun-2022 26-Jun-2045 15-Oct-2018 15-Oct-2020 15-Oct-2022
YTD% 12 MTH% 2.34% 4.55% 0.90% 1.64% 1.21% 2.55% 3.48% 4.01% 3.17% 7.00% 2.15% 4.22% -1.93% -1.89% 0.81% 2.21% 2.28% 1.30% -1.08% 1.77% -5.96% -3.05% 1.90% 4.59% 7.24% 11.96% 2.77% 3.88% 3.94% 4.69%
NAV Date 30-Jun-2017 30-Jun-2017 30-Jun-2017 30-Jun-2017 30-Jun-2017 30-Jun-2017 30-Jun-2017 30-Jun-2017 30-Jun-2017 31-May-2017 30-May-2017 30-May-2017 30-May-2017 30-May-2017 30-May-2017
ENERVO ADMINISRATION LIMITED LIQUIDATOR Montague Sterling Centre East Bay Street Nassau, The Bahamas
NOTICE Pursuant to the provisions of Section 138 (4) of the International Business Companies Act, 2000, (As Amended) NOTICE is hereby given that, NYGARD BAHAMAS LIMITED is in dissolution and that the date of commencement of the dissolution is the 7th day of August A. D. 2017
HILKKA INVESTMENTS LIMITED c/o Montague Sterling Centre East Bay Street Nassau, The Bahamas NOTICE
Kentucky Investment Co., Ltd. NOTICE IS HEREBY GIVEN as follows: (a) Kentucky Investment Co., Ltd. is in dissolution under the provisions of the International Business Companies Act 2000. (b) The dissolution of the said Company commenced on the 11th day of August, 2017 when its Articles of Dissolution were submitted to and registered by the Registrar General.
MARKET TERMS BISX ALL SHARE INDEX - 19 Dec 02 = 1,000.00 52wk-Hi - Highest closing price in last 52 weeks 52wk-Low - Lowest closing price in last 52 weeks Previous Close - Previous day's weighted price for daily volume Today's Close - Current day's weighted price for daily volume Change - Change in closing price from day to day Daily Vol. - Number of total shares traded today DIV $ - Dividends per share paid in the last 12 months P/E - Closing price divided by the last 12 month earnings
YIELD - last 12 month dividends divided by closing price Bid $ - Buying price of Colina and Fidelity Ask $ - Selling price of Colina and fidelity Last Price - Last traded over-the-counter price Weekly Vol. - Trading volume of the prior week EPS $ - A company's reported earnings per share for the last 12 mths NAV - Net Asset Value N/M - Not Meaningful
(c) The Liquidator of the said Company is Mr. Delano Aranha of Ocean Centre, Montagu Foreshore, East Bay Street, P.O. Box N-3247, Nassau, Bahamas
H & J CORPORATE SERVICES LTD.
TO TRADE CALL: CFAL 242-502-7010 | ROYALFIDELITY 242-356-7764 | FG CAPITAL MARKETS 242-396-4000 | COLONIAL 242-502-7525 | LENO 242-396-3225
Registered Agent for the above-named Company
THE TRIBUNE
Thursday, August 17, 2017, PAGE 13
FED OFFICIALS SPLIT IN JULY OVER INFLATION WORRIES By MARTIN CRUTSINGER Associated Press
WASHINGTON (AP) — Federal Reserve policymakers were worried last month about inflation, but for two opposing reasons. One group of Federal Reserve policymakers felt inflation was falling too low and argued for caution in raising interest rates. Others expressed concerns that delaying further rate hikes could push inflation higher into dangerous territory. The policy debate was revealed in minutes released Wednesday of the Fed’s July 25-26 meeting. Officials eventually made a unanimous decision to keep its key policy rate unchanged. The minutes also showed that several officials pushed for a July announcement that the Fed was ready to start reducing its massive bond holdings, a move that would likely mean slightly higher rates on mortgages and some other loans. Policymakers decided in the end to signal that it would come “relatively soon.” Financial markets expect that announcement at next month’s meeting, but analysts do not expect the Fed’s next rate hike to come until December at the earliest. The latest reading of
traders’ expectations shows less than a 50-50 chance of a December hike, according to the CME Group. If inflation does not start moving higher again, they say it is likely the Fed will keep rates unchanged until next year. At the July meeting, officials voted to keep the Fed’s benchmark rate unchanged in a range of 1 percent to 1.25 percent. The Fed had raised rates at its March and June meetings even though inflation this year has slowed and is now further from the Fed’s 2 percent goal than it was at the start of the year. In June, the Fed continued to signal that it expected to raise rates one more time this year. In their July discussion, the minutes showed that some officials expressed concern about the recent decline in inflation, even though unemployment has continued to decline. It is currently at a 16-year low of 4.3 percent. Officials worried about low inflation said that the Fed should delay any further rate hikes until it had greater assurance that the slowdown stemmed from temporary factors and that prices would climb more quickly in coming months. But other officials worried that with the labor market already at full employment, waiting too
FEDERAL Reserve Chair Janet Yellen testifies on Capitol Hill in Washington, before the Senate Banking Committee. Yesterday, the Federal Reserve releases minutes from its July meeting, when it kept interest rates steady. (AP Photo/Pablo Martinez Monsivais, File) long to raise rates again ran the risk of overshooting on the 2 percent inflation target. That would be “costly to reverse,” meaning that the Fed would have to raise rates more quickly and higher in the future, actions that could push the economy into a recession. The inflation debate explored a number of issues, the minutes showed, including the possibility that long-held views on the relationship between tight
labor markets and higher inflation may no longer be valid. The Fed’s next meeting is Sept. 19-20. In an interview Monday with the Associated Press, William Dudley, head of the Fed’s New York regional bank, said that the market’s view that the announcement about bond reductions would come in September was “reasonable.” Dudley said he did not expect much of an impact
on financial markets because the action had been well-telegraphed by the Fed, unlike the “taper tantrum” incident that occurred in 2013 when bond rates temporarily spiked when markets were caught by surprise by comments from then-Fed Chairman Ben Bernanke that the Fed was contemplating moves to reduce the size of its monthly purchases of bonds.
Group estimates 34,000 gallons of oil spilled off Kuwait
KUWAIT CITY (AP) — An analysis of satellite imagery by a U.S.-based nonprofit organization suggests at least 34,000 gallons of oil have leaked out during a spill off the coast of Kuwait. West Virginia-based SkyTruth says satellite photos from the day of the spill off southern Kuwait show it spread over a distance covering 131 square kilometers (50.5 square miles). In a blog post early Wednesday, SkyTruth also noted a pipe-laying ship was transiting through the area at the time of the spill. Authorities have yet to definitively identify the source of the leak, though they initially suspected it came from a tanker. The leak was discovered on Friday. Authorities in tiny Kuwait, an OPEC member home to the world’s sixlargest estimated oil reserves, said they discovered another leak on Tuesday.
Russian exminister on trial lays the blame on Putin ally MOSCOW (AP) — A Russian ex-economic development minister on trial for allegedly accepting a $2 million cash bribe has accused the head of Russia’s largest oil company of setting him up. Alexei Ulyukayev was detained last year after a sting operation set up by the FSB intelligence agency. Ulyukayev was largely seen as a victim of a Kremlin power play by Igor Sechin, chief executive of state oil company Rosneft and President Vladimir Putin’s close ally.
BAHAMAS POWER AND LIGHT COMPANY LTD. EXTERNAL VACANCY NOTICE
BAHAMAS POWER AND LIGHT COMPANY LTD. EXTERNAL VACANCY NOTICE
LINESMAN MATE TRAINEES
FIRE PROTECTION TECHNICIAN SAFETY & ENVIRONMENT DEPARTMENT ENERGY SUPPLY DIVISION
The Bahamas Power and Light Company Ltd. invites applications for consideration into their Linesman Mate Training Programme. Linesman Mates are responsible for assisting with the erection, maintenance and repairs of overhead distribution and transmission lines. This includes planting and changing poles, stringing conductors, mounting transformers, and performing switching pertaining to the maneuvers overhead systems.
A vacancy exists at the Bahamas Power and Light Company Ltd. for a Fire Protection Technician in the Safety & Environment Department of the Energy Supply Division. This job has responsibility for the maintenance of firewater pumps and driver, sprinkler and emergency alarm systems and all auxiliary equipment. Responsibilities of the position include, but are not limited to the following: •
Repairs and overhauls pump, motors, and auxiliary equipment. This includes the assembly/disassembly, installation, inspection, reconditioning and replacement of pumps, motors, smoke and thermal detectors and other equipment components;
•
Maintains and repairs emergency alarm equipment and auxiliaries such as control panels and pull stations by interpreting schematic diagrams, testing, calibrating, and installing electrical components;
•
Maintains pipe work of firewater protection systems by providing regular lubrication, priming and painting;
•
Performs regular test/runs of emergency protection equipment including firewater pumps and emergency alarms;
•
Prepares reports with regards to the performance of equipment including reports such as defects report and performance statistics;
•
Assists with training and instruction on fire emergency equipment.
To qualify as a Linesman Mate Trainee the following criteria should be met: •
Must be between 18 and 25 years
•
Have a minimum of five (5) BGCSE’s including Maths and English Language with grades of “C” or better or
•
Any other equivalent technical certification or relevant training diploma
Persons recruited from the Family Islands should be a resident of that island. Once the formal training has been successfully completed, Apprentices will return to their respective island. Applicants are asked to complete the application form attached and provide a short video presentation, explaining why they would like to become a part of the BPL family and their genuine interest in the Apprenticeship Programme. Applications & Videos should be forwarded to: info@bplco.com. Videos should not exceed five minutes.
Job requirements include but not limited to: • • •
Completion of a Technical School Program with an Ordinary Technician Diploma and a Fire Protection Certificate or equivalent qualifications; A minimum of 5-10 years of experience; Basic knowledge of mechanical and electrical schematics, circuitry and equipment; Good verbal and written skills; Familiarity with the National Fire Protection Association (NFPA) Codes.
All applications should be FULLY completed with ALL supporting certificates/documentation
• •
Applications must be received or before: August 29, 2017.
Interested persons should apply by completing and returning an Application Form to: Manager – Human Resources Department, Bahamas Power and Light Company Ltd., Blue Hill & Tucker, P. O. Box N-7509 Nassau Bahamas on or before: August 29, 2017.
Only candidates meeting the criteria will be contacted.
Only candidates meeting the criteria will be contacted. Blue Hill and Tucker Roads, P.O. Box N-7509, Nassau, Bahamas | T: 242.302.1000 | F: 242.323.6852 |www.bplco.com
Blue Hill and Tucker Roads, P.O. Box N-7509, Nassau, Bahamas | T: 242.302.1000 | F: 242.323.6852 |www.bplco.com
Bahamas Power and Light Company Ltd.
Bahamas Power and Light Company Ltd.
BUILDING FOR BETTER
BUILDING FOR BETTER
PAGE 14, Thursday, August 17, 2017
THE TRIBUNE
US STOCKS EDGE HIGHER AS RETAILERS RALLY; OIL COMPANIES FALL By MARLEY JAY Associated Press NEW YORK (AP) — U.S. stocks rose slightly Wednesday as Urban Outfitters and Target helped retailers rally. That was enough to cancel out more losses for energy companies. Urban Outfitters and Target did better in the second quarter than analysts expected, and Target raised its forecasts for the year. That helped companies that sell clothing and other retailers. Technology companies and firms that make and sell household goods also traded higher. A wide variety of retailers saw their shares sink the day before based on weak earnings reports. With WalMart and Ross Stores in line to report their own results Thursday, investors could change their minds again. “This sector is not for the faint of heart,” said JJ Kinahan, chief strategist for TD Ameritrade. “The market is trying to figure out who the winners and losers are going to be.” He said turbulence for retailers will be a constant as online competition keeps growing and customers want more features like same-day delivery. The Standard & Poor’s 500 index picked up 3.50 points, or 0.1 percent, to
2,468.11. The Dow Jones industrial average added 25.88 points, or 0.1 percent, to 22,024.87. The Nasdaq composite gained 12.10 points, or 0.2 percent, to 6,345.11. The Russell 2000 index of smaller companies inched up 0.30 points to 1,383.53. Clothing and accessories retailer Urban Outfitters had a better second quarter than Wall Street expected, and analysts said there are some signs the company’s business is recovering after years of struggles. The stock rose $2.94, or 17.5 percent, to $19.76. Even with those gains, it’s down 31 percent this year and recently traded at eight-year lows, far below its price of $45 a share in early 2015. Target gained $1.96, or 3.6 percent, to $56.31. The company raised its annual estimates after it did better than analysts expected in the second quarter. Gap climbed 50 cents, or 2.3 percent, to $22.57. Express added 27 cents, or 4.8 percent, to $5.84. Retailers had struggled a day earlier after poor results and lower forecasts from Dick’s Sporting Goods and Advance Auto Parts. The S&P 500 index of retailers climbed 1.7 percent Wednesday after a 2.3 percent plunge the day before. Benchmark U.S. crude lost 77 cents, or 1.6 percent,
to $46.78 a barrel in New York. Brent crude, used to price international oils, dipped 53 cents, or 1 percent, to $50.27 a barrel in London. That pulled energy companies down further. EOG Resources fell $2.04, or 2.3 percent, to $84.98 and Marathon Oil fell 34 cents, or 2.9 percent, to $11.19. Energy companies have slumped this month, but their second-quarter profits have improved dramatically compared to a year ago. A year ago the companies were struggling to make money thanks to a prolonged slump in oil prices. But for more than a year, U.S. crude has mostly stayed between $40 and $55 a barrel. Stocks made bigger gains earlier in the day, but they slipped after a group of CEOs, including the heads of 3M and Campbell Soup, said they were leaving a manufacturing jobs group over comments about made by President Donald Trump about the racially charged violence in Charlottesville, Virginia this past weekend. Trump then tweeted that he is ending that council as well as a strategy and policy group. The furor could create more obstacles for Trump’s pro-business agenda of tax cuts and infrastructure spending. The Dow rose as much as 86 points earlier on.
TRADER Jonathan Corpina works on the floor of the New York Stock Exchange yesterday. Stocks are opening higher on Wall Street following some encouraging results from retailers. (AP Photo/ Richard Drew) After an early gain, the dollar dipped to 110.16 yen from 110.58 yen. The euro rebounded to $1.1769 from $1.1734. Bond prices turned higher. The yield on the 10-year Treasury note fell to 2.23 percent from 2.27 percent. With bond yields falling, banks and financial companies turned lower as well. Lower bond yields mean lower interest rates on loans and fewer profits for banks. Lincoln National fell $1.03, or 1.4 percent, to $71.14 and Bank of America gave up 28 cents, or 1.1 percent, to $24.19. Regions Financial sank 14 cents, or 1 percent, to $14.34.
The minutes from the Federal Reserve’s meeting last month did not include many details about the central bank’s plans for letting its balance sheet shrink. The notes showed a divided Fed, as some members of its policy committee think that interest rates should stay about where they are because inflation is still low. But others felt that interest rates should be raised because delays might lead to dangerously high inflation later. Fed officials unanimously agreed to leave the interest rates unchanged. Gold rose $3.20 to $1,282.90 an ounce. Silver climbed 23 cents, or 1.4
percent, to $16.94. Copper jumped 6 cents, or 2.4 percent, to $2.95 a pound. In other energy trading, wholesale gasoline lost 2 cents to $1.56 a gallon. Heating oil fell 3 cents to $1.57 a gallon. Natural gas shed 5 cents to $2.89 per 1,000 cubic feet. France’s CAC 40 rose 0.7 percent, and Germany’s DAX and the FTSE i100 in Britain rose by the same amount. Tokyo’s Nikkei 225 retreated 0.1 percent while the Hang Seng in Hong Kong rose 0.9 percent. The South Korean Kospi advanced 0.6 percent.
Neo-Nazi site’s publisher says he’s got no home on internet By MICHAEL KUNZELMAN Associated Press BATON ROUGE, La. (AP) — A neo-Nazi website’s publisher said Wednesday that he has “effectively been completely banned from the internet” after mocking the victim of a deadly car attack at a white nationalist rally in Virginia.
“Clearly, the powers that be believe that they have the ability to simply kick me off the internet,” Andrew Anglin, who has published the site from an undisclosed location, complained to The Associated Press in an e-mail. Access to The Daily Stormer had been sporadic since Monday, when Google canceled its domain name registration, making
its IP address nearly impossible for internet users to locate. The site had moved its registration to Google after GoDaddy tweeted late Sunday night that it had given The Daily Stormer 24 hours to move its domain to another provider. Google then yanked the address as well, citing a violation of its terms of service. The site briefly reappeared Wednesday with a
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Russian domain name and registration and a dubious top story, making the unsupported claim that President Donald Trump had called Russian President Vladimir Putin to get the site restored. The story presented no evidence that Trump or Putin had any involvement in the move and Trump has no known links to the site. Until mid-day, the site continued to receive performance and security services from San Francisco-based Cloudflare Inc., protecting it from denial of service attacks. Cloudflare said it is cooperating with law enforcement. A company statement called some of the content on Cloudfare’s network “repugnant.” but said withdrawing its services would not remove the website from the internet, just make it slower and more vulnerable to attack. Shortly thereafter, the site that takes its name from Der Stürmer, a newspaper that published Nazi propaganda, disappeared again. Anglin said he was struggling to find a domain registry service whose terms of service allow for the content he produces. “I have been kicked off of 4 of them so far, and many of them contain explicit references to “hate speech” in their ToS. Others would be incapable of managing the DDoS attacks,” Anglin wrote, expressing frustration with ICANN, the international nonprofit that authorizes domain-name registrars. “If they don’t have a single registrar willing to host me, then they have effectively banned me from registering a domain.” Anglin had been keeping up his inflammatory
statements through the Russian domain, mocking Heather Heyer, the woman who was killed when a man remembered for praising Adolph Hitler rammed his car into a crowd of demonstrators in Charlottesville on Saturday. The original story called her, among many other things, “the definition of uselessness.” But Anglin had other fresh trouble as well: A Muslim-American radio host filed a federal lawsuit on
incite violence against Obeidallah, citing other alleged examples of Daily Stormer readers who did just that, including Dylann Roof, who read the site before killing black churchgoers in South Carolina. “Mr. Obeidallah is an ardent believer in and defender of the First Amendment. He recognizes the importance of freedom of speech and political discourse, regardless of viewpoint. But the
“I have been kicked off of 4 of them so far, and many of them contain explicit references to “hate speech” in their ToS. Others would be incapable of managing the DDoS attacks” Wednesday accusing him of defamation by falsely labeling him the “mastermind” of a deadly concert bombing in England. SiriusXM Radio show host Dean Obeidallah said The Daily Stormer embedded fabricated tweets in a June 1 story to make them seem like they had been sent from Obeidallah’s Twitter account, tricking readers into believing he took responsibility for the May 22 terrorist attack at an Ariana Grande concert in Manchester. The death threats came quickly thereafter. “It was literally jawdropping,” Obeidallah, a comedian and Daily Beast columnist, told the AP. “The death threats were something I’ve never seen before in my life.” The suit claims that the article’s defamatory statements were intended to
First Amendment does not license defamation,” his suit says. Asked by the AP for comment on the lawsuit, Anglin gave a two-word response: “Wew lads,” referring to an internet meme expressing sarcastic fake-surprise and dismissiveness. The Daily Stormer also was sued in April by a Montana woman for orchestrating an anti-Semitic trolling campaign against her family. Tanya Gersh’s suit claims anonymous internet trolls bombarded Gersh’s family with hateful and threatening messages after Anglin published their personal information in a post accusing her and other Jewish residents of Whitefish, Montana, of engaging in an “extortion racket” against the mother of white nationalist Richard Spencer.
RADIO HOST FILES LAWSUIT AGAINST SITE PUBLISHER
MUSLIM comedian Dean Obeidallah speaks at a news conference in New York. Obeidallah, a Muslim-American radio host, is accusing Andrew Anglin, the publisher of a notorious neo-Nazi website, of defaming him by falsely labeling him the ‘mastermind’ of a deadly concert bombing in England, according to a federal lawsuit filed yesterday. (AP Photo/Bebeto Matthews, File)