08092016 business

TUESDAY, AUGUST 9, 2016

business@tribunemedia.net

Freeport’s economy “went drastically wrong” says PM

By NATARIO McKENZIE

Tribune Business Reporter

nmckenzie@tribunemedia.net PRIME Minister Perry Christie said yesterday that “something went drastically wrong” with Freeport’s economy over the last 10 years as he defended the government’s “minority equity stake” in the principal landholding companies in the city based on a Memorandum of Understanding (MOU) with the Grand Bahama Port Authority (GBPA).

While dismissing claims of “coercion” by Opposition Deputy Leader and East Grand MP K Peter Turnquest, Mr Christie told Parliament yesterday during the debate on the Grand Bahama (Port Area) Investment Incentives Bill 2016 that govern-

Government takes landholding minority equity stake

By NATARIO McKENZIE

Tribune Business Reporter

nmckenzie@tribunemedia.net

Christie promises greater investor confidence Denies suggestion of coercion ment involvement would provide a greater degree of investor confidence and ensure that decisions conform with government policy.

“There is no coercion. Any grouping See pg b4

Prime minister perry christie

Turnquest slams “investment killing bill”

By NATARIO McKENZIE

Tribune Business Reporter

nmckenzie@tribunemedia.net

Carl’s Jr

Solomon’s and Carl’s Jr stores for Yamacraw AML Foods Limited, one of the country’s largest grocers, announced yesterday it has acquired a five-acre tract of land on Yamacraw Hill Road for $3 million and will develop it into a new 38,000 square-foot Solomon’s branded store in eastern New Providence.

The site will also include a location for AML’s Carl’s Jr brand. Approximately 75 new jobs will be created once construction is completed, the company said.

With this purchase, AML Foods says it will no longer be partaking in the previously announced joint venture to develop the shopping centre with Luxury Homes Bahamas Ltd, from whom it bought the land, but will serve as the anchor store adjacent to the centre being developed by the company.

The new location will offer more options to customers on the eastern end of the island.

With the official groundbreaking scheduled in the fourth quarter of this year, the new Solomon’s store is anticipated to open in time for the 2017 Christmas season.

“We are pleased to announce this expansion of our real estate and commercial portfolio in eastern New Providence,” said Gavin Watchorn, President See pg b2

AML announces $3m land acquisition 75 jobs to be created, Christmas 2017 opening Boost for eastern New Providence

$3.97 $3.95 $3.98

$3.98

Primary concerns remain for Chamber over NHI financing

OPPOSITION deputy leader and East Grand Bahama MP K Peter Turnquest yesterday slammed the Grand Bahama (Port Area) Investment Incentives Bill 2016 as an “investment killing bill”, arguing that it would not bring about the the investment needed on the island.

“The Grand Bahama ecomony has declined tremendously and instead of giving incentives to further expand or grow the economy this government is seeking to further tax it to cause a sell-off,” Mr Turnquest asserted.

“This Bill will not bring about the level of of investment that we seek or we need in Grand Bahama because it does not affect the major offender of this socalled land banking. What it can do is to force a sell off,” he said. According to Mr Turnquest, adding to the cost and complexity of business in Grand Bahama and adding more government involvement would not fix the current state of affairs.

Minister for Grand Ba-

Government tax would cause selloff, says MP hama Dr Michael Darville argued, however, that the Bill would allow the government a seat at the table with an equity stake to help improve the ease of doing business and attract direct foreign investment. Mr Darville asserted that the government is seeking to create the environment to attract more investment to Grand Bahama.

Prime Minister Perry Christie tabled the Grand Bahama (Port Area) Investment Incentives Bill, 2016 last week, noting that it is envisaged that the Memorandum of Understanding and agreements to be made with licensees will aim to shift fundamentally the investment climate and economic prospects in Grand Bahama, with the government seeking to create a new economic development framework that can jumpstart and sustain growth in Grand Bahama.

THE Bahamas Chamber of Commerce and Employer’s Confederation (BCCEC) said yesterday that it is “disappointing” that the revised National Health Insurance (NHI) Bill was tabled without feedback from key stakeholders, adding that the financing strategy for NHI remains one of the organisation’s “primary” concerns.

“While the tabling of the NHI Act is one of many steps on the path to the implementation of NHI, the BCCEC is concerned that we still have not yet seen the UHC Policy Paper and the NHI Policy Paper,” the Chamber said.

“Ideally, these should have been shared and discussed before the NHI Act. Hopefully these two documents spell out acceptable longterm goals and strategies for achieving universal health care in the Bahamas

BCCEC “disappointed” by lack of consultation Bill revisions tabled without stakeholder feedback Left to hope that strategies are acceptable and for a sustainable NHI system.

“One of the Chamber’s primary concerns remains the financing strategy for NHI and what costs workers and employers will have to bear to ensure its longterm sustainability. To date, we have only been told that the first phase, which offers primary care, will not require contributions or co-payments. Estimates on the likely costs for future See pg b2

BPL receives first URCA power supplier licence

By NATARIO McKENZIE

Tribune Business Reporter

nmckenzie@tribunemedia.net THE Utilities Regulation and Competition Authority (URCA) has announced that it has issued the first Public Electricity Supplier Licence to Bahamas Power & Light (BPL).

In a statement yesterday, URCA noted that the licence granted to BPL authorises the company to engage in the generation, transmission, distribution and supply of electricity in the Bahamas.

URCA became the regulator for the electricity sector in January with the enactment of the Electricity

Regulator hails important milestone

Act and related legislation.

The body is authorised to grant a licence with terms and conditions consistent with the National Energy and Electricity Sector See pg b2

PAGE 2, Tuesday, August 9, 2016

THE TRIBUNE THE TRIBUNE

Cleveland Clinic ranked No.2 among US hospitals CLEVELAND Clinic, an important hospital for patients from the Bahamas, the Caribbean and Latin America seeking high quality care, has been ranked as the number two hospital in the United States in US News and World Report’s annual nationwide rankings.

Cleveland Clinic has been a top five mainstay in US News and World Report’s annual hospital rankings for 18 consecutive years and has retained its position as the nation’s best hospital for cardiology and heart surgery for the 22nd successive year.

The annual survey of best hospitals also ranked Cleveland Clinic Florida top out of 70 hospitals in the Miami-Fort Lauderdale metro area - which includes Miami-Dade, Broward and

Palm Beach - for 2016-2017.

“We are thrilled beyond measure to be recognised by our peers for our focus on quality and patient safety,” said Wael Barsoum, MD, President of Cleveland Clinic Florida. “These accolades belong to our team of caregivers who are truly committed to providing exceptional service and putting patients first.”

In addition to metro area rankings, US News and World Report also ranked Cleveland Clinic Florida fifth among 263 hospitals in Florida, moving up four spots from the previous year. Several specialties were also recognised as Gastroenterology and GI surgery ranked 49th nationally and orthopaedics and geriatrics were ranked as high performing specialties.

“The ranking is an im-

Primary concerns remain for Chamber over NHI financing From pg B1 phases should be identified at the outset.”

The private sector representative noted that while the NHI Bill tabled last week is an improvement over the draft released in January, with several of the specific suggestions provided by stakeholders including those from the BCCEC, having been included, “it is disappointing, though, that the revised Bill was tabled without any feedback on the changes from key stakeholders,” the Chamber said.

“The primary concern of most stakeholders in the January draft was governance and while still not ideal, it is pleasing to see that the composition of the board has been revised.

Although the majority of members are still selected by the Minister, the additional guidance provided on the skills required for each appointment should make for better leadership of the new NHIA. “We also note the list

of specific items that will have to be included in the NHIA’s annual reports and that the report must be completed within three months after the year-end and laid in Parliament within 30 days of being sent to the Minster. The requirement to include plans, objectives and budgets for the coming year is a significant improvement over the current requirements for NIB’s annual report.”

BCCEC chief executive Edison Sumner told Tribune Business: “Even though we would have had a chance to make some contribution towards the previous draft, it was expected that the draft legislation would have made it back to the consultation group, the advisory group, before it was tabled in Parliament. It seems as if the process of getting the feedback was circumvented in this instance and that is not the way we would like to see this go. If we are not going to be used to provide feedback the it puts the entire process into question.”

portant milestone for our organisation region-wide as our patients in Latin America and Caribbean have the peace of mind knowing they can find the most advanced care that is just a short plane ride away,” Mr Barsoum said.

US News publishes Best Hospitals to help guide patients who need a high level of care because they face particularly difficult surgery, a challenging condition, or added risk because of other health problems or age. Objective measures such as patient survival and safety data, the adequacy of nurse staffing levels and other data largely determined the rankings in most specialties. A complete list of newly ranked hospitals is available at www.usnews. com/hospitals.

The Cleveland Clinic in Miami has been recognised for its focus on quality and patient care.

BPL receives first URCA power supplier licence From pg B1 policies, as URCA considers appropriate.

The establishment of URCA as the regulator means that it has assumed responsibility for setting up and implementing a regulatory framework that ensures the sector operates in an effective and efficient manner and in the best interests of all persons in the Bahamas.

It also means that URCA will become the agency responsible for ensuring that consumers receive a better quality of service from their electricity supplier at prices

that are fair.

The regulator said that it expects to initiate consultation on the Consumer Protection Standards for the sector before the end of the year. URCA’s CEO, Kathleen Riviere-Smith, said: “The granting of this licence follows a period of consultation and engagement with sector stakeholders, in particular, the Bahamas Power and Light Company team.”

She further stated that, “This is the very first Public Electricity Supplier Licence that URCA has issued since it became the regulator for

Solomon’s and Carl’s Jr stores for Yamacraw From pg B1 and CEO at AML, in a statement.

“Developing the property on the main Yamacraw Hill Road will grow our reach in this part of New Providence. Within the next two to three years,

the immediate area surrounding our location will emerge as a residential and commercial hub and we are pleased to be a part of this growth. We look forward to this new opportunity to give the residents of eastern

the electricity sector in January of 2016. This is a very important milestone for us because BPL is one of the two public electricity supplier licensees listed in the Electricity Act. The granting of the licence today shows our commitment to the public as well as BPL’s commitment to URCA to ensure that we regulate the sector in a manner that is co-operative. We look forward to future interactions with BPL with regards to this licence going forward.”

Representing Pamela Hill, the CEO of BPL, Cecile Greene said that BPL was happy to share with URCA the recording of this milestone. “It is a continuation of our energy sector reform that began

almost three years ago. As the first licensee, we will continue to provide to our consumers throughout the length and breadth of the Bahamas an affordable and reliable source of electricity supply.”

Subject to the provisions of the licence, the duration of the licence is for a period not exceeding one year from the commencement date. URCA took the opportunity to advise the public that pursuant to section 44(2) of the EA, any person who engages in the generation, transmission, distribution, importation or exportation of electricity without a licence granted by URCA commits an offence and is liable on conviction to a fine not exceeding $500,000.

New Providence the same quality products and excellent service that our other customers enjoy.”

The project will add to the company’s four retail and wholesale grocery outlets currently in New Providence - Solomon’s Super Centre, Cost Right Wholesale and Solomon’s Fresh Market Harbour Bay and Old Fort Bay.

Gavin Watchorn

THE TRIBUNE

Tuesday, August 9, 2016, PAGE 3

Southwest flies into Nassau direct from Fort Lauderdale

SOUTHWEST Airlines’ inaugural daily non-stop flight from Fort Lauderdale, Florida, to Nassau arrived on Sunday at Lynden Pindling International Airport (LPIA) representing the first non-stop international service from Florida for the airline, and the start of the future of international service for Southwest.

Nassau was selected as its first route because of the existing US Customs and Border Protection pre-clearance processing service available at LPIA. Ministry of Tourism and Southwest officials celebrated the inaugural flight, with the Minister of Tourism Obie Wilchcombe extending welcome remarks in the VIP Lounge.

Tourism officials, including Director General Joy Jibrilu and Senior Director/Airlift Development Tyrone Sawyer, also welcomed the new arrivals as they left the aircraft. In honour of the event, Mr Wilchcombe and Southwest Airlines Vice-President of Ground Operations Steve Goldberg displayed a miniature model of the aircraft and a commemorative plaque.

Photos: Kemuel Stubbs/BIS

BIA chief: Health regulators must have clear responsibilities

By NATARIO McKENZIE

Tribune Business Reporter

nmckenzie@tribunemedia.net BAHAMAS Insurance Association chairman Emmanuel Komolafe has stressed that it is “imperative” that the existing regulatory frameworks for the healthcare and insurance industries are leveraged so as to avoid overlapping responsibilities with the proposed National Health Insurance Authority (NHIA).

In a recent statement Mr Komolafe noted that the insurance industry is currently regulated by the Insurance Commission of The Bahamas (ICB), whose main responsibility is to ensure the safety and soundness of the insurance industry - which by extension applies to licensees of the regulator.

“There are a number of requirements within the Insurance Act (Ch. 347) and accompanying regulations that are designed to ensure that insurance companies and intermediaries adhere to the highest standards which are consistent with international best practices,” said Mr Komolafe.

He noted that among the important standards within the current insurance

Komolafe fears that NHIA and ICB will overlap legislative and regulatory framework are provisions relating to corporate governance, capital adequacy and management, solvency, risk management, financial reporting, disclosure requirements, complaints management and overall market conduct.

“The NHI Draft Bill Stakeholder Feedback document posted on the nhibahamas website notes that consultation with the ICB is ongoing to presumably clearly define the role of the ICB following the implementation of NHI. Additionally, the roles of and interaction with regulatory bodies such as the Medical Council, Pharmacy Council and Nursing Council just to mention a few in the administration of NHI should be clearly articulated. It is possible that these details will be contained in the accompanying regulations; however, we are unable to ascertain this due to the absence of the regulations at this time,” said Mr Komolafe.

Emmanuel Komolafe He added: “It is imperative that the existing regulatory frameworks for the healthcare and insurance industries are leveraged and we avoid overlapping responsibilities with the proposed NHI Authority.

This concern is highlighted by provisions of the draft NHI Bill in sections 6(d) (Functions of Authority), 25(2) (Eligibility) and 30 (Duty to submit reports).

Duplication of regulatory requirements including reporting, information request and prudential norms will only increase the cost

of compliance as well as the regulatory burden for industry participants.”

Mr Komolafe said that the potential impact on the ease of doing business is also worth considering in ensuring that there is proper communication, coordination and collaboration between the relevant regulators and the NHIA with due regard for confidentiality and data protection insofar as the delivery and administration of NHI is concerned. He noted that the government’s NHI consultant, KPMG, had expressed similar concerns on the regulatory structure of the NHI scheme with emphasis on the need for clearly defined roles and responsibilities for the ICB and NHIA.

Vacancies We are currently accepting applications for the following positions: 1.

Prep cooks 2. cooks 3. stewards 4. cashiers Applicants must have at least 2 years restaurant or hospitality experience with clean police record.

Interested candidates may send CV to afeisha@portstarboardltd.com on or before august, 10th 2016.

PAGE 4, Tuesday, August 9, 2016

THE TRIBUNE

Freeport’s economy “went drastically wrong” says PM

Reports: Egypt has proposed 18-month reform program to IMF

such as that in a position to run a city must know that the time has come for there to be a new paradigm; that future generations of Bahamians would not accept as is. As a result they were very forthcoming in being able to say we agree that you should have greater participation as a government. If you take the last 10 years of Freeport and you compare it with Abaco, Exuma, with New Providence, something went drastically wrong.”

Mr Christie added: “The whole purpose in now putting government involvement is that people will have greater degree of confidence in investing in Grand Bahama knowing that the government is involved in this matter and, with respect to us having minority directors, it is to ensure that the decisions conform with government policy, nothing more. It is to ensure that Bahamians are protected and that government policy is comfortable with the decisions of those companies.”

Under the MOU with the GBPA, the government will acquire a “minority equity stake” and “participation in governance at the board level” in the principal landholding companies in Freeport, such as the Grand Bahama Development Company Limited (GB DevCo) and Freeport Commercial & Industrial, via the vehicle of a new company.

CAIRO (AP) — Three Egyptian dailies said Monday that Cairo was proposing to IMF delegates an 18-month reform program in return for a $12 billion loan over three years to shore up its economy, but that differences remained between the two sides on how to proceed.

The reports by the privately-owned Al-Shorouk, Al-Masry Al-Youm and AlWatan said the two sides were at odds over the size of a proposed devaluation of the Egyptian pound and the timetable for implementing some of the more politically sensitive reforms, like reducing or removing state subsidies on fuel, electricity and food staples.

According to the papers, the International Monetary Fund has rejected Egyptian requests for a delay or a staggered implementation of some of the proposed reforms.

The IMF’s response, according to Al-Masry AlYoum, was categorical and reflective of Egypt’s dire economic situation and the urgency of fixing it. "There is no time left and nothing should be put off," it said quoting, like the other two papers, government sources familiar with the Egypt-IMF talks that started last week in Cairo under tight secrecy.

Egypt is struggling to keep its economy afloat, amid a slump in tourism, foreign currency shortages and double digit inflation and unemployment. The government is also fighting an insurgency in the strategic Sinai Peninsula while continuing to show little tolerance for do-

From pg B1

LEGAL NOTICE

BAHAMAS FOOD PACKAGING LIMITED (In Voluntary Liquidation)

NOTICE is hereby given in pursuance of Section 222(2) of the Companies (Winding Up Amendment) Act, 2011, that all persons having claims against the above-named Company are requested to attend an Extraordinary General Meeting of the Members of the above-named company on the 26th day of September 2016 at 11:00 o’clock in the forenoon in the Offices of Ronald Atkinson & Co., Chartered Accountants, Marron House, Virginia and Augusta Streets, Nassau, Bahamas, for the purpose of having an account laid before the Members showing the manner in which the winding-up has been conducted, the property of the Company disposed of, hearing any explanations that may be given by the Liquidator and determining, by Extraordinary Resolution, the manner in which the books, accounts and documents of both the Company and the Liquidator shall be disposed of.

Dated the 5th day of August 2016.

Ira E. Bethel Liquidator

Vacancy We are currently looking to fill the positions of Office Manager (1) and Retail Manager (1).

Office Manager

Job Description • Maintains office efficiency • Inform employees on new or updated procedures.

• Supervise cashiers and oversee completion of

tasks • Review office supply requisitions and approve

prior to Purchase Order creation.

• Prepares and distributes documents and reports on

a daily basis.

• Break down and input invoices into QuickBooks

daily.

• Ensures daily reports are reconciled and

completed in a timely fashion.

• Ensures proper completion of all forms

and requests that are to be submitted to Human

Resources.

• Assemble required supporting documents for new

hires and properly file. Employee files are to be

constantly updated as necessary.

Retail Manager

Job Description • managing and motivating a team to increase sales

and ensure efficiency; • managing stock levels and making key decisions

about stock control; • analysing sales figures and forecasting future sales; • using information technology to record

sales figures, for data analysis and forward

planning; • providing or organising training and development; • ensuring standards for quality and customer service • responding to customer complaints and comments; • organising special promotions, displays and

events; • identifying or resolving urgent issues; • maintaining awareness of market trends in

the retail industry • initiating changes to improve the business Requirements: Interested persons must have at least 3 years’ experience in the relevant areas, proficient in Microsoft Office, great personality, a team player, excellent oral and written skills.

Forward your resume to: talentedcandidates242@gmail.com on or before August 8th, 2016.

We would like to thank all candidates for their interest in this opportunity however due to the volume of resumes, only those short-listed for an interview will be called in for an interview.

Egyptian President Abdel-Fattah el-Sissi, speaks during a press conference with Hungarian Prime Minister Viktor Orban at the presidential palace in Cairo, Egypt. Three Egyptian dailies said yesterday, that Cairo was proposing to IMF delegates an 18-month reform program in return for a $12 billion loan over three years to shore up its economy, but that differences remained between the two sides on how to proceed. Egypt’s economic crisis has taken on a serious political dimension, with critics now blaming President Abdel-Fattah el-Sissi for exacerbating it by embarking on massive costly infrastructure projects they say have drained the country’s meager funds and done little to revive the economy. (AP Photo) mestic political dissent. On Monday, the central bank reported a drop by about $2 billion in foreign currency reserves, down to $15.54 billion at the end of July after honoring a number of foreign debt repayments.

Egypt’s economic crisis has taken on a serious political dimension, with critics now blaming President Abdel-Fattah el-Sissi for exacerbating it by embarking on massive costly infrastructure projects they say

have drained the country’s meager funds and done little to revive the economy.

El-Sissi, in office since June 2014, counters that the projects, like a nationwide road network and an expansion of the Suez Canal, are vital if the country was to attract investors and their benefits would filter down in time. He has repeatedly vowed in recent days to shield the poor and middle class from a virtually inevitable wave of price hikes when

N O T I C

E

TIME TECK LIMITED ____________________________________

reforms are implemented.

On Monday, his government announced higher electricity charges for domestic use as part of a plan to lift state subsidies in the energy sector.

The IMF delegates, according to the three papers, see 11.60 pounds to the U.S. dollar as a realistic exchange rate. Such a rate would be nearly three pounds more than the current official rate of 8.87 pounds available at banks but close to the thriving black market rate of 1212.50 pounds. The Egyptians, according to the media reports, want the pound’s exchange rate to be only 10.60 to the dollar.

"Both sides are looking at a pound floatation, and whether it should be done in one go or gradually," said Al-Masry Al-Youm.

The pound’s exchange rate is crucial to a country like Egypt, whose survival is heavily dependent on imports, not just of staple food items, but industrial components and raw materials to keep the manufacturing sector going. Much of the imports needed by the private sector are financed by dollars bought on the black market.

As part of the planned reforms, Egypt was considering the partial privatization of several state-owned enterprises, possibly including oil companies. These, according to Al-Shorouk, would initially earn the treasury about $10 billion.

Share your news The Tribune wants to hear from people who are making news in their neighbourhoods. Perhaps you are raising funds for a good cause, campaigning for improvements in the area or have won an award. If so, call us on 322-1986 and share your story.

Pursuant to the Provisions of Section 138 (8) of the International Business Companies Act 2000 notice is hereby given that the above-named Company has been dissolved and struck off the Register pursuant to a Certificate of Dissolution issued by the Registrar General on the 25th day of July, 2016.

Delano Aranha Liquidator of TIME TECK LIMITED LEGAL NOTICE

BAPAK LIMITED

(In Voluntary Liquidation) NOTICE is hereby given in pursuance of Section 222(2) of the Companies (Winding Up Amendment) Act, 2011, that all persons having claims against the above-named Company are requested to attend an Extraordinary General Meeting of the Members of the above-named company on the 26th day of September 2016 at 11:30 o’clock in the forenoon in the Offices of Ronald Atkinson & Co., Chartered Accountants, Marron House, Virginia and Augusta Streets, Nassau, Bahamas, for the purpose of having an account laid before the Members showing the manner in which the winding-up has been conducted, the property of the Company disposed of, hearing any explanations that may be given by the Liquidator and determining, by Extraordinary Resolution, the manner in which the books, accounts and documents of both the Company and the Liquidator shall be disposed of.

Dated the 4th day of August 2016.

Ira E. Bethel Liquidator LEGAL NOTICE

BAHAMAS EXTRUDERS & INVESTMENTS LIMITED (In Voluntary Liquidation)

NOTICE is hereby given in pursuance of Section 222(2) of the Companies (Winding Up Amendment) Act, 2011, that all persons having claims against the above-named Company are requested to attend an Extraordinary General Meeting of the Members of the above-named company on the 26th day of September 2016 at 10:30 o’clock in the forenoon in the Offices of Ronald Atkinson & Co., Chartered Accountants, Marron House, Virginia and Augusta Streets, Nassau, Bahamas, for the purpose of having an account laid before the Members showing the manner in which the winding-up has been conducted, the property of the Company disposed of, hearing any explanations that may be given by the Liquidator and determining, by Extraordinary Resolution, the manner in which the books, accounts and documents of both the Company and the Liquidator shall be disposed of.

Dated the 4th day of August 2016.

Ira E. Bethel Liquidator

As a privately-owned, mid-sized Bahamian Company and the authorized Caterpillar dealer in the Bahamas, we are seeking a Service Supervisor.

The candidate/s should have proven experience in the Caterpillar Industry - Servicing and Troubleshooting Diesel Engines and Generator Sets. Applicants with some background education in electrical work are preferred or at least 5 years in a similar field/area.

A Bachelor’s Degree in Electrical and/ or Mechanical Engineering is required for the noted position.

Actively seeks out solutions to technical problems.

Send complete resume with education and work experience to M & E Limited, P. O. Box N-3238, Nassau Bahamas, and Attention: Human Resources Department, or email me@me-ltd.com.

Only persons being interviewed for this position will be contacted.

THE TRIBUNE

Tuesday, August 9, 2016, PAGE 5

Turkey’s president heads to Russia amid improving ties ISTANBUL (AP) — President Recep Tayyip Erdogan heads to Russia this week as part of efforts to rebuild ties shattered by Turkey’s downing of a Russian warplane last year — just as Turkey’s relations with traditional allies the United States and Europe show increasing strain amid Ankara’s crackdown following a failed coup.

Tuesday’s visit to St. Petersburg for talks with Russian President Vladimir Putin will be Erdogan’s first foreign trip since the abortive July 15 putsch, in which a group of renegade Turkish military officers attempted to seize power using fighter jets, helicopters and tanks in a night of violence that left more than 270 people dead.

Both Turkey and Russia, which once described themselves as strategic partners, have been hurt by their roughly seven-month rupture in relations: Russia’s ban on the sale of package tours to Turkey and an agricultural import embargo dealt a painful blow to the Mediterranean country, while Moscow also paid a price as the spat shelved a much-touted Russian natural gas pipeline to Turkey and other lucrative projects.

So both Erdogan and Putin are interested in mending the rift and reviving economic and trade ties, a process that began in June following Ankara’s apology for shooting down the Russian plane, which had been running bombing sorties in neighboring Syria.

“This will be a historic visit, a new beginning. In the talks with my friend Vladimir, I believe, a new page in our relations will be turned. Our countries have

much to do together,” Erdogan said in an interview with the Russian state news agency Tass.

However, some fundamental differences remain.

The Russian bomber’s downing in November, which Putin described as a “treacherous stab in the back,” came amid boiling tension over Syria, where Moscow and Ankara backed opposing sides in the conflict. Neither country has fundamentally altered its stance on Syria, and the issue could still prove a sticking point.

“This is an alliance of convenience, not a strategic relationship. It is more of a transactional relationship driven by converging interests and challenging circumstances,” said Fadi Hakura, associate fellow at the Chatham House international affairs think tank in London.

“I would compare it to someone having a viral infection who immediately takes paracetamol to lower the temperature, which rapidly declines but precipitously starts fighting back up again,” Hakura said.

“What we have seen with Turkey in this rapid change, rapid swings in its relationship with Russia from breakdown to reconciliation, indicates that the relationship is still not healthy, despite appearances.”

The visit comes as Turkey’s relations with traditional allies falter over Ankara’s post-coup crackdown, which has seen nearly 18,000 people detained or arrested and tens of thousands suspended or fired from their jobs on suspicion of being associated with the movement of U.S.-based Muslim cleric Fethullah

Russian President Vladimir Putin, left, and Turkish President Recep Tayyip Erdogan talk to each other as they pose for the media before their talks during the G-20 Summit in Antalya, Turkey..

Erdogan heads to Russia on Tuesday, Aug. 9, 2016 as part of efforts to rebuild ties shattered by Turkey’s downing of a Russian warplane - just as relations with Turkey’s traditional allies, the United States and Europe, show increasing strain amid Ankara’s crackdown following a failed coup. (AP Photo) Gulen.

The government says Gulen, a former Erdogan ally living in self-imposed exile in Pennsylvania, orchestrated the coup, and has demanded his extradition. Washington has asked for evidence of the cleric’s involvement and says the extradition process must be allowed to take its course.

Gulen himself denies any involvement.

The issue has soured relations, with members of the government implying the U.S. could have been behind the coup — leading American officials have publicly denied that.

Turkey has also blasted its European allies for expressing alarm over the scope of its crackdown. Ankara has

Stocks rise as strong US jobs data offset weak Chinese trade BEIJING (AP) — Global stocks rose on Monday after strong U.S. and Germany economic data offset concerns about weak Chinese trade figures.

KEEPING SCORE: Germany’s DAX advanced 0.9 percent to 10,460 and France’s CAC 40 rose 0.4 percent to 4,429. London’s FTSE 100 gained less than 0.1 percent to 6,796. Wall Street looked set for more gains, with the futures for the Standard & Poor’s 500 and the Dow Jones industrial average both up 0.2 percent.

US, GERMANY UPBEAT: U.S. stocks jumped to record highs last week after the Labor Department said U.S. employers added 255,000 jobs in July — far more than investors expected and the second straight month of strong gains after shaky reports this spring.

In Germany, official figures show industrial production rebounded in June to grow by 0.8 percent compared with the previous month.

The number was slightly better than the 0.7 percent gain that economists had forecast.

ANALYST’S COMMENT: “The market’s trepidations concerning the U.S. labor market are definitively in the rear view mirror after the second consecutive resilient report,” Stephen Innes of OANDA said in a report. Job gains in July “transcended even the most optimistic of expectations,” he said. “It is easy to check off good-news boxes within this stellar jobs report and tough to find any negatives.”

CHINA TRADE: Chi-

na’s exports fell again in July compared with a year earlier while a decline in imports accelerated. Exports contracted 4.4 percent to $184.7 billion, a slight improvement over June’s 4.8 percent contraction.

Imports fell 12.5 percent to $132.4 billion, accelerating from a decline of 8.4 percent. Weak global demand has hampered efforts to shore up Chinese trade and stave off job losses in export industries. Investors also were looking ahead to Chinese inflation and retail sales data due out this week for signals on which direction the world’s secondlargest economy is headed.

ASIA’S DAY: Tokyo’s Nikkei 225 surged 2.4 percent to 16,650.57 and Hong Kong’s Hang Seng gained 1.6 percent to 22,494.76.

The Shanghai Composite

Index was up 0.9 percent at 3,004.28 and Sydney’s S&P-ASX 200 added 0.4 percent to 5,497.40. Seoul’s Kospi advanced 0.9 percent to 2,017.94 and India’s Sensex rose 0.2 percent to 28,143.82. Benchmarks in Taiwan, New Zealand and Thailand also rose, while Singapore retreated.

ENERGY: Benchmark U.S. crude gained 61 cents to $42.41 per barrel in electronic trading on the New York Mercantile Exchange.

The contract shed 13 cents on Friday. Brent crude, used to price international oils, added 59 cents to $44.87 per barrel in London. It lost 2 cents on Friday.

CURRENCY: The dollar rose to 102.32 yen from Friday’s 101.82 yen. The euro edged down to $1.1082 from $1.1087.

NOTICE KAPPAMAKI LIMITED N O T I C E IS HEREBY GIVEN as follows:a) KAPPAMAKI LIMITED is in voluntary dissolution under the provisions of Section 138 (4) of the International Business Companies Act 2000. b) The dissolution of the said company commenced on the 08th August, 2016 when the Articles of Dissolution were submitted to and registered by the Registrar General. c) The Liquidator of the said company is Octagon Management Limited, The Bahamas Financial Centre, Shirley & Charlotte Streets, Nassau, Bahamas.

Dated this 9th day of August, A. D. 2016 _________________________________ Octagon Management Limited Liquidator

complained the West has shown a lack of support for a democratically elected government which survived a violent attempt to overthrow it, and Turkish officials have publicly traded barbs with Germany, Austria and Italy as well as the European Union.

In contrast, the Kremlin

was quick to voice support to Erdogan immediately after the failed coup and, unlike the EU, didn’t voice concern about the ensuing crackdown — the stance reflecting Putin’s intention to mend bilateral ties.

Ankara has also hinted its deal with the EU to stem the flow of Syrian refugees

into Europe could break down unless the EU quickly implements part of the deal allowing visa-free travel for Turkish citizens.

Yet despite the rhetoric, Turkey’s political leadership knows its interests lie more with the West than with Moscow, Hakura said.

“Russia cannot replace the United States and NATO and European Union or European partners .... in relation to Turkey’s strategic interests,” Hakura said. He noted three quarters of Turkey’s direct foreign investment comes from Europe and its military is firmly rooted in NATO, whereas it has a limited economic and trade relationship with Russia focused primarily on natural gas and agriculture, as well as construction and low-tech manufacturing.

Turkey restored access to Russian news website Sputnik in an apparent goodwill gesture a day before Erdogan’s visit. Turkey had barred access to the website in April following the deterioration of relations.

Putin’s foreign affairs adviser, Yuri Ushakov, said Friday that Putin and Erdogan’s discussions would include the revival of projects such as the natural gas pipeline and Russia’s contract to build Turkey’s first nuclear power plant.

PAGE 6, Tuesday, August 9, 2016

THE TRIBUNE

Wal-Mart buying online retailer newcomer Jet.com and shipping and adjusts prices based on what items are in the checkout cart, as well as how far the desired products are from the shopper’s home. So shoppers are encouraged to add more to build a more efficient cart and buy items labeled “smart cart” for more savings. For Jet.com, which has been pouring money into splashy TV ads and other marketing, the deal should help accelerate its path to profitability.

McMillon said WalMart customers likely will see lower prices and new brands aimed at millennials that have been carried by Jet.com. Wal-Mart customers may also have more control over creating their own basket to save money.

“We have some cool ideas on how the two brands can work together over time,” he said. As for perhaps merging the two sites eventually, McMillon said WalMart wants to be thoughtful about how it approaches that. “This is about winning over time,” he said.

Lore cited the benefits of Wal-Mart’s purchasing scale, sourcing capabilities, distribution footprint and digital assets together with Jet.com’s team and technology. Jet.com, which touts its service, delivers to twothirds of the country overnight in its purple boxes. In some high-density regions such as New York City, Jet often can offer same-day delivery at no additional cost.

Lore told The Associated Press that he can see helping Wal-Mart with speeding

up shipping, among other things.

“I’m definitely in this for the long haul,” Lore said. He said he was introduced to McMillon this past spring.

In its fiscal year ended in January, Wal-Mart had online sales of $13.7 billion, a fraction of its total revenue of $482.1 billion. And its online figure pales in comparison to Amazon.com’s annual net revenue of $107 billion.

O’Shea noted that Apple. com is the only brick-andmortar retailer that outranks Wal-Mart in online sales in the U.S. But WalMart reported in May that global e-commerce sales rose 7 percent in the first quarter, weaker than the 8 percent in the previous quarter and far below the 20 percent increases seen less than two years ago.

So it trimmed its freeshipping pilot program ShippingPass to two-day delivery from three and cut a dollar off the membership to $49 a year in an attempt to answer Amazon’s Prime program. But while Amazon’s Prime membership costs $99 a year, it comes with a lot of perks like streaming music and video and household subscriptions.

O’Shea noted Wal-Mart is “paying a lot” for Jet. com, but it was too soon to say if it overpaid. Shares of Wal-Mart slipped 42 cents to close at $73.34 Monday.

Its shares are up 3 percent over the past year.

Hulu dropping free video as it prepares cable TV alternative

nels in real time, without making viewers wait until the next day for episodes.

In a move that could make that service more appealing, Time Warner Inc. recently took a 10 percent stake in Hulu, joining the TV and movie conglomerates — Walt Disney Co., 21st Century Fox and Comcast’s NBCUniversal — that already owned it. Time Warner plans to contribute some of its channels, including TNT and TBS, to the new service.

Several other companies already offer live, paid TV over the internet, including Sony and Dish. DirecTV plans a service for later this year as well.

NEW YORK (AP) — Wal-Mart is buying fastgrowing online retailer Jet. com for $3 billion in cash plus $300 million in stock, scooping up a newcomer that launched a year ago with the intention of challenging online leader Amazon.

The hefty price underscores how Wal-Mart is trying to compete more aggressively and effectively for younger and more affluent customers as it has seen its online business growth slow, even with big investments in distribution centers and expanding services.

As part of the deal, Jet. com co-founder and CEO Marc Lore will oversee both that site and walmart. com, and will report to Wal-Mart Stores Inc. Chief Executive Doug McMillon.

Lore brings to the role a rich e-commerce resume as founder of Quidsi, the parent of Diapers.com, which was bought by Amazon for $500 million in 2010.

Analysts say the acquisition still won’t enable WalMart to catch up to Amazon in sales, but it will help narrow that gap and should widen the distance between Wal-Mart and other online retailers. The deal also reflects the difficulties for startups like Jet.com of making it on their own in a sphere Amazon dominates with its network of distribution hubs and the powerful asset of its Prime membership program.

The move follows a series of acquisitions by major traditional retailers of online startups, with Hudson’s

NEW YORK (AP) — Hulu is dropping the free TV episodes that it was initially known for as it works on an online television service to rival cable TV. Free episodes — typically the most recent four or five episodes from a show’s current season — will be gone from the site within a few weeks. Instead, Hulu is making free episodes available through Yahoo .

While Hulu started as a

Wal-Mart Chief Executive Officer Doug McMillon speaks at the company’s shareholder meeting in Fayetteville, Ark. Wal-Mart announced yesterday, that the company has agreed to buy fast-growing online retail newcomer Jet.com, which had launched with a splash in 2015 when it announced its intention to challenge online leader Amazon. The deal underscores how serious Wal-Mart is about igniting its online business, which has been slowing even as it has been making big investments in new distribution centers and expanding services. (AP Photo) Bay, which owns Saks Fifth Avenue, purchasing flashsales site Gilt Group and Bed, Bath & Beyond buying One Kings Lane. While not a startup, Wal-Mart itself announced in June that it announced it was forming a partnership with JD.com in China to bolster its presence in that market.

“This acquisition in tandem with its joint venture in China with JD.com, demonstrates that Wal-Mart is attacking online retail with significant zeal,” said Moody’s lead retail analyst Charlie O’Shea. “As we believe ‘catching’ Amazon

free site, supported by advertising, free video has become increasingly more difficult to find as Hulu tries to lure viewers into a subscription — $8 a month for a plan with ads, and $12 without. In recent months, visitors to Hulu.com have been presented with prominent links to subscribe, with links to free video buried in a menu after signing in.

And free episodes haven’t been available on Hulu’s

online is an unrealistic goal for any brick-and-mortar retailer, Wal-Mart now has a definite leg up on its competitors in the very important race to be No. 2 online.”

As part of the deal, which Wal-Mart expects to close this year upon regulatory approval, Wal-Mart and Jet.com will maintain separate brands — for now.

Walmart.com will stay focused on the company’s low price strategy and Jet.com will still provide a curated assortment of products. The acquisition will help WalMart grab a higher-income

mobile apps or streamingTV devices, just on Hulu. com from a traditional computer. Now, they won’t be on Hulu.com at all.

Devotees of Hulu’s free on-demand videos will be able to find them by visiting the new Yahoo View site from a computer. The Yahoo site will not have free episodes of CW shows such as "Arrow" and "The Flash," as Hulu has been offering, because CW has

customer who typically is younger than its own shoppers. Jet.com, launched in July 2015, sells 12 million products, from jeans to diapers and has been growing fast. It has more than 400,000 new shoppers added monthly and an average of 25,000 daily processed orders.

Wal-Mart says it will incorporate some of Jet. com’s “smart” technology that lowers prices in real time by looking for ways to cut costs. It is built on a pricing algorithm that determines which sellers are the most efficient in value

a broader deal with Netflix instead. Yahoo says it will have the past five episodes of ABC, NBC and Fox shows available. The Fox shows will appear eight days after their TV airing, as is the practice at Hulu.com now. Yahoo will also have some older CBS shows.

The episodes on Yahoo are not currently available on a phone, although Yahoo is working on a mobile web version and an app. Ya-

MARKET REPORT MONDAY, 8 AUGUST 2016

hoo says the mobile version will be free, but it may not have all the same video as the desktop computer site because of content licensing restrictions.

Hulu says relatively few people watch the free videos. It now has about 12 million subscribers who pay for original shows, the entire current seasons of some network shows and access to Hulu’s library on mobile and streaming-TV devices like Roku.

Hulu also plans to launch a live online TV service next year. It would show broadcast and cable chan-

t. 242.323.2330 | f. 242.323.2320 | www.bisxbahamas.com

BISX ALL SHARE INDEX: CLOSE 1,973.26 | CHG 0.02 | %CHG 0.00 | YTD 149.31 | YTD% 8.19 BISX LISTED & TRADED SECURITIES 52WK HI 4.05 17.43 9.09 3.50 4.70 0.18 8.34 8.40 6.10 10.60 15.50 2.72 1.60 5.80 8.76 11.00 8.05 6.90 12.25 11.00

52WK LOW 2.25 17.43 9.09 3.14 4.70 0.12 6.09 7.25 5.50 7.00 14.48 2.25 1.27 5.51 6.00 9.85 6.01 5.55 11.75 10.00

PREFERENCE SHARES 1000.00 1000.00 1000.00 1000.00

1000.00 1000.00 1000.00 1000.00

1.00 105.50 100.00 100.00 100.00 105.00 100.00 10.00 1.01

1.00 100.00 100.00 100.00 100.00 100.00 100.00 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

SYMBOL AML APD BPF BWL BOB BBL CAB CIB CHL CBL CBB CWCB DHS FAM FBB FIN FCL ICD JSJ PRE

LAST CLOSE 4.05 15.85 9.09 3.50 5.22 0.12 6.50 8.40 5.83 10.59 14.49 2.72 1.41 5.80 8.76 10.96 8.01 6.40 11.93 10.00

CLOSE 4.05 15.85 9.09 3.50 5.22 0.12 6.50 8.40 5.83 10.59 14.49 2.74 1.41 5.80 8.76 10.96 8.01 6.40 11.93 10.00

CHANGE 0.00 0.00 0.00 0.00 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

CAB6 CAB8 CAB9 CAB10 CHLA CBLE CBLJ CBLK CBLL CBLM CBLN FBBA FCLB

1000.00 1000.00 1000.00 1000.00 1.00 100.00 100.00 100.00 100.00 100.00 100.00 10.00 1.01

1000.00 1000.00 1000.00 1000.00 1.00 100.00 100.00 100.00 100.00 100.00 100.00 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

SECURITY Fidelity Bank Note 17 (Series A) + Fidelity Bank Note 18 (Series E) + Fidelity Bank Note 22 (Series B) +

SYMBOL FBB17 FBB18 FBB22

LAST SALE 100.00 100.00 100.00

CLOSE 100.00 100.00 100.00

CHANGE 0.00 0.00 0.00

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

BAH29 BG0103 BG0203 BG0105 BG0205 BG0107 BG0207 BG0130 BG0230 BG0303 BG0305 BG0307 BG0330

115.33 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00

115.49 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00

0.16 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00

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

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

113.70 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00

VOLUME

500

200

VOLUME

EPS$ 0.304 1.351 1.086 0.220 -1.134 0.000 0.185 0.551 0.508 0.541 0.528 0.094 0.166 0.510 0.612 0.960 0.650 0.703 0.756 0.000

DIV$ 0.090 1.000 0.000 0.160 0.000 0.000 0.187 0.260 0.200 0.360 0.610 0.060 0.040 0.240 0.275 0.000 0.280 0.120 0.640 0.000

P/E 13.3 11.7 8.4 15.9 N/M N/M 35.1 15.2 11.5 19.6 27.4 29.1 8.5 11.4 14.3 11.4 12.3 9.1 15.8 0.0

YIELD 2.22% 6.31% 0.00% 4.57% 0.00% 0.00% 2.88% 3.10% 3.43% 3.40% 4.21% 2.19% 2.84% 4.14% 3.14% 0.00% 3.50% 1.88% 5.36% 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%

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

MUTUAL FUNDS 52WK HI 1.99 3.89 1.91 167.58 138.35 1.44 1.67 1.55 1.06 6.67 8.16 5.81 10.66 10.12

52WK LOW 1.67 3.04 1.68 164.74 116.70 1.38 1.53 1.47 1.03 6.11 6.93 5.55 10.37 8.65

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 Bah Int'l Investment Fund Principal Protected TIGRS, Series 5 Royal Fidelity Int'l Fund - Equities Sub Fund

NAV 1.99 3.89 1.91 167.58 136.68 1.44 1.67 1.55 1.06 6.67 8.01 5.81 10.66 8.65

YTD% 12 MTH% 2.09% 4.15% 3.06% 6.67% 1.39% 3.06% 3.41% 5.18% 2.95% -0.58% 1.89% 3.91% 2.32% 8.70% 1.68% 5.28% 2.77% 1.26% -0.14% 9.15% -1.87% 15.62% 0.83% 4.82% 70.00% 2.80% -6.29% -13.65%

NAV Date 30-Jun-2016 30-Jun-2016 24-Jun-2016 30-Jun-2016 30-Jun-2016 30-Jun-2016 30-Jun-2016 30-Jun-2016 30-Jun-2016 29-Feb-2016 29-Feb-2016 29-Feb-2016 29-Feb-2016 29-Feb-2016

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

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

The Hulu logo on a window at the Milk Studios space in New York. Hulu said yesterday, that the company is dropping the free TV episodes that it was initially known for as it works on launching a skinny bundle of streaming TV. (AP Photo)

PUBLIC NOTICE INTENT TO CHANGE NAME BY DEED POLL

The Public is hereby advised that I, DEIDREE ANN ROCHELLE DAVIS of Robinson Road, New Providence, Bahamas intends to change my name to DEIDREANNE ROCHELLE DAVIS. If there are any objections to this change of name by Deed Poll, you may write such objections to the Chief Passport Officer, P. O. Box N-742,Nassau Bahamas no later than Thirty (30)days after the date of publication of this notice.

NOTICE

NOTICE is hereby given that SAMMY DORCELY of P.O. Box SB-52401 is applying to the Minister responsible for Nationality and Citizenship, for registration/naturalization as a citizen of The Bahamas, and that any person who knows any reason why registration/naturalization should not be granted, should send a written and signed statement of the facts within twenty-eight days from the 2nd day of August, 2016 to the Minister responsible for nationality and Citizenship, P.O. Box N-7147, Nassau, Bahamas.

NOTICE

NOTICE is hereby given that ALBANAIS MARCELLUS of Bacardi Road, P.O.Box N4014, New Providence, Bahamas is applying to the Minister responsible for Nationality and Citizenship, for registration/naturalization as a citizen of The Bahamas, and that any person who knows any reason why registration/naturalization should not be granted, should send a written and signed statement of the facts within twenty-eight days from the 9th day of August, 2016 to the Minister responsible for nationality and Citizenship, P.O. Box N-7147, Nassau, Bahamas.

THE TRIBUNE

Tuesday, August 9, 2016, PAGE 7

(Abridged version of The Financial Statements for year ended 31st March, 2016)

the New York Stock Exchange. U.S. stocks drifted lower in early trading yesterday, as investors sized up the latest company earnings and deal news. The major stock indexes were coming off new highs set a week earlier following a strong U.S. jobs report. Energy stocks surged the most as oil prices rose, while health care companies were the biggest laggard. (AP Photo)

US stock indexes close slightly lower; oil rises Associated Press – A mostly listless day of trading left U.S. stock indexes little changed Monday, hovering just below the record highs they set late last week.

Drug company and consumer-focused stocks weighed on the market, while energy companies surged, getting a lift from a pickup in crude oil prices.

The slight pullback came as investors took advantage of the milestones reached Friday by the Standard & Poor’s 500 index and Nasdaq composite to pocket some gains. Strong U.S. jobs data left traders feeling more confident in the economy heading into this week.

“It’s a little bit of profittaking,” said JJ Kinahan, chief strategist at TD Ameritrade. “We’re coming off a good employment number and we know the consumer’s been strong.”

The Dow Jones industrial average slipped 14.24 points, or 0.1 percent, to 18,529.29.

The S&P 500 index dipped 1.98 points, or 0.1 percent, to 2,180.89. The Nasdaq shed 7.98 points, or 0.2 percent, to 5,213.14.

The stock market hit record highs on Friday after the Labor Department said U.S. employers added 255,000 jobs in July — far more than investors expected. The hiring spree, which followed an even bigger surge in June, gave investors more confidence that the economy is still growing.

The major stock indexes appeared headed for another day of gains early on, as markets in Asia and Europe shrugged off new data showing China’s exports and imports declined again

last month. A report indicating industrial production in Germany grew at a betterthan-expected rate in June helped lift markets overseas.

U.S. markets initially wavered between small gains and losses, but ultimately remained slightly down the rest of the day.

Two drugmakers weighed on the market early on.

Shares in Bristol-Myers Squibb were hammered after plunging on Friday following news that the drugmaker’s cancer treatment Opdivo failed in a study aimed at extending its usage for lung cancer patients. The stock lost $2.98, or 4.7 percent, to $60.30.

Meanwhile, Allergan slid 2.2 percent after the Botox-maker’s second-quarter revenue fell short of Wall Street’s forecasts. The stock lost $5.54 to $248.31.

A pickup in oil prices drove several oil and natural gas companies higher.

Marathon Oil added 38 cents, or 2.7 percent, to $14.25, while Tesoro rose $2.76, or 3.7 percent, to $77.47. Chesapeake Energy gained 12 cents, or 2.5 percent, to $5.01.

Benchmark U.S. crude rose $1.22, or 2.9 percent, to close at $43.02 per barrel in New York. Brent crude, used to price international oils, gained $1.12, or 2.5 percent, to close at $45.39 per barrel in London.

Investors also had their eye on some corporate deal news.

Wal-Mart Stores slipped 0.6 percent after the retail giant agreed to buy fastgrowing online retail newcomer Jet.com for $3 billion in cash and another $300

million in stock. The deal underscores how serious Wal-Mart is about challenging online leader Amazon.

Shares in Wal-Mart shed 42 cents to $73.34.

Mattress Firm vaulted more than twofold after the mattress retailer agreed to be acquired by furniture seller Steinhoff International in a deal valued at $3.8 billion, including debt.

The stock gained $34.01 to $63.75.

Investors should get more insight into the health of the economy at the end of this week, when the government reports July’s retail sales figures.

“That’s probably the most important data point this week,” said Quincy Krosby, market strategist at Prudential Financial. “We’re looking for a strong retail report that again confirms that the U.S. consumer is strong and doing their job of helping the economy.”

Major stock indexes in Europe eked out gains.

Germany’s DAX rose 0.6 percent, while France’s CAC 40 gained 0.1 percent.

Britain’s FTSE 100 index added 0.2 percent.

Earlier, markets in Asia moved mostly higher despite the discouraging economic data out of China.

Hong Kong’s Hang Seng gained 1.6 percent, while the Shanghai Composite Index rose 0.9 percent. Tokyo’s Nikkei 225 surged 2.4 percent. Sydney’s S&P-ASX 200 added 0.4 percent, while Seoul’s Kospi rose 0.9 percent. India’s Sensex added 0.2 percent. Benchmarks in Taiwan, New Zealand and Thailand also rose, while Singapore declined.

AUDITORS

US court rules for Chevron in Ecuador rainforest damage case NEW YORK (AP) — Ecuadorean plaintiffs cannot collect a $9 billion judgment in the U.S. against energy company Chevron for rainforest damage, a federal appeals court ruled Monday, upholding a judge’s finding that the judgment was obtained through bribery, coercion and fraud.

The 2nd U.S. Circuit Court of Appeals in New York said U.S. District Judge Lewis A. Kaplan had the authority after a trial to rule in March 2014 as he did. It noted, however, that Kaplan’s decision doesn’t invalidate the Ecuadorean judgment and doesn’t stop the enforcement of the judgment outside the U.S. A U.S. spokeswoman for the Ecuadoreans, Karen Hinton, said they were shocked and called it a “sad day for the U.S. justice system.”

“As disappointed as we are, this ruling will not deter the Ecuadoreans, their lawyers and their supporters from aggressively seeking justice in Canada and in other countries where litigation is underway to seize Chevron assets,” she said.

A Chevron vice president and general counsel, R. Hewitt, Pate, said Chevron

was “pleased that the truth has prevailed over fraud and corruption.” He said the ruling “leaves no doubt that the Ecuadorean judgment against Chevron is the illegitimate and unenforceable product of misconduct.”

In a decision written

by Circuit Judge Amalya Kearse, a three-judge 2nd Circuit panel rejected the argument by the Ecuadorean plaintiffs that they were unaware of wrongdoing by lawyers in the case and shouldn’t be held responsible.

“There is no authority suggesting that a party ignorant of its attorney’s fraudulent actions may enforce a fraudulently procured judgment,” the panel said.

“Even innocent clients may not benefit from the fraud of their attorney.”

An attorney for a New York City lawyer, Steven Donziger, who was heavily criticized by Kaplan, called the 2nd Circuit decision “unprecedented in American law” and vowed to explore all options on appeal.

“Never before has a U.S. court allowed someone who lost a case in another country to come to the U.S. to attack a foreign court’s damages award,” attorney

Deepak Gupta said. “The decision hands well-heeled corporations a template for avoiding legal accountability anywhere in the world.

And it throws the entire international judgment enforcement framework out the window.”

The case resulted from a long-running court battle between Amazon rainforest residents and oil companies.

San Ramon, Californiabased Chevron Corp. had long argued that a 1998 agreement Texaco signed with Ecuador after a $40 million cleanup absolves it of liability. It says Ecuador’s state-run oil company is responsible for much of the pollution in the oil patch that Texaco quit more than two decades ago. The Ecuadorean plaintiffs said the cleanup was a sham and didn’t exempt third-party claims.

In February 2011, a judge in Ecuador issued an $18 billion judgment against Chevron in a lawsuit brought on behalf of 30,000 residents.

The judgment was for environmental damage caused

by Texaco during its operation of an oil consortium in the rainforest from 1972 to 1990. Chevron later bought Texaco.

Interested parties may obtain a complete copy of the consolidated statements from the local office of the entity at State Bank of India, Saffrey Square, Suite 201, Nassau, New Providence, The Bahamas.

THE TRIBUNE

Tuesday, August 9, 2016, PAGE 9

b o dy a n d m i n d

Blazing a trail in physical therapy

By JEFFARAH GIBSON Tribune Features Writer jgibson@tribunemedia.net

A

local doctor has achieved not only a major milestone in her career, but is also about set a new standard for physical therapy when it comes to women’s health here in the Bahamas.

Dr DeVonnia BonimyLee was the first ever physical therapist with a clinical doctorate to register with the Health Professions Council in 2007.

Also, after receiving her certification in the United States, she is now the first clinical specialist in any physical therapy field in the Bahamas.

Currently working as coordinator of the Rehabilitative Services Department at Doctors Hospital, Dr Bonimy-Lee is not only blazing her own trail, but also aims to take specialised physical therapy in the country to the next level.

Patients can benefit greatly from a physical therapist whose role is to help reduce pain and improve or mobility that can in some cases eliminate the need for surgery as well as long-term use of prescription medication.

The women’s health section of physical therapy, Dr Bonimy-Lee explained, is dedicated to the improvement of both women’s and men’s health globally.

“The section started with a focus on the child-bearing woman and has developed over the last few decades.

Therapists who work in this setting treat patients with impairments across their life span: young athletes, the child-bearing women, to the peri-menopausal women, adult and elderly men,” she explained.

“The scope of this therapy includes treating patients with health issues associated with breast, ovarian, cervical and prostate cancer, paediatric and male pelvic health, constipation, urinary and bowel incontinence, prenatal and postpartum musculoskeletal pain/dysfunction, lymphoedema, osteoporosis and fibromyalgia.”

Specialised forms of physical therapy, Dr Bon-

Dr DeVonnia Bonimy-Lee (left) receives her certification at the American Physical Therapy Association’s recognition ceremony in California in February this year. imy-Lee said, are needed here in the Bahamas because there are many people who suffer issues that can be remedied by undergoing treatment.

“When it comes to very personal health concerns, which may be embarrassing or misunderstood, even fewer know that there is help available. In the Bahamas, we have increasing numbers of those suffering with cancer, those who have undergone radiation therapy and are living with the side effects of having had radiation in the pelvic and breast region. There are now more resources through physical therapy to improve their quality of life,” she said.

“Female athletes are at a higher risk of stress urinary incontinence (leakage) than their male counterparts, which affects sport performance, but it is under-reported. There is assistance through physical therapy to reduce risk and improve function.”

She also said many pa-

“In the Bahamas, we have increasing numbers of those suffering with cancer, those who have undergone radiation therapy and are living with the side effects of having had radiation in the pelvic and breast region. There are now more resources through physical therapy to improve their quality of life.” tients with vaginal, lower back and abdominal pain may not be aware that their symptoms are linked and that they need the assistance of a women’s health physical therapist to get relief.

Dr Bonimy-Lee came to the field of specialised physical therapy during her studies in the US. After graduating from St Andrew’s High School

in Nassau, Dr Bonimy-Lee started an Associate degree programme in bio-chemistry at the College of the Bahamas, before transferring to an undergraduate programme and attaining a Bachelor of Science degree in Biology from North Georgia College and State University.

While in Georgia, she was a work/study studentassistant to the physical

therapy programme.

Sometime later, Dr Bonimy-Lee took time off to volunteer at the Shepherd Centre (Spinal Cord and Brain Injury Rehabilitation Centre) in Atlanta, Georgia, and with the Special Olympics New Jersey nonprofit organisation.

She then decided to apply to a physical therapy doctorate programme. She completed a four-year doctorate programme in physical therapy at Seton Hall University.

Dr Bonimy-Lee was introduced to physical therapy while employed at the Memorial Sloan Kettering Cancer Centre in 2010. She continued working in this field at the NYU Langone Medical Centre/RUSK Institute.

“During the work/study opportunity in Georgia I met an amazing woman, Dr Lynda D. Woodruff, an expert in clinical electrophysiology in the field of physical therapy. She was one of two of the first black students in the 1960s to de-

segregate her high school in one of the southern states of the US. When I told Dr Woodruff that I wanted to be a cellular pathologist she laughed, and in her very southern accent she said: ‘Girl, you’re a people person! What you going to do, look through a microscope all day? I don’t think so. Be a physical therapist!’

“So I thought about it; volunteered in Atlanta and applied to a school in New Jersey. I learned a lot through her mentorship.

I was also drawn into this healthcare profession because it offered so many different career pathways,” she said.

In November 2015, Dr Bonimy-Lee passed the American Board of Physical Therapy Specialties’ seven-hour exam for the Women’s Health Clinical Specialist Certification. In February 2016, she attended the American Physical Therapy Association’s recognition ceremony in California to formally accept the new credential.

For Dr Bonimy-Lee this is a major accomplishment and further proves her dedication to the field.

“To even enter this profession, there are strict regulations for the academic institutions and challenging academic eligibility requirements for the applicant specifically. This is especially true in countries with mandatory national accreditation regulation. Physical therapists, as I experienced in the US and Australia, are highly-trained, well-qualified, non-physician healthcare professionals who understand the importance of the multidisciplinary approach and are critical in maintaining, restoring and improving all movement impairments, for any age,” she said.

“Secondly, as a clinical specialist I have joined my mentors, the advanced clinicians, and have now been recognised for my contribution and dedication to the profession and to my patients. US Board Certification also means that my qualifications immediately make me readily recognisable as a trustworthy clinician internationally. It is a massive accomplishment professionally because it provides more opportunities as a clinician.”

Get to the root of it: root canal therapy The mere mention of the words “root canal” in a dental office is enough to make most patients break out in sweat.

To most people, having a root canal done is one of their greatest fears. Surprisingly, most have never had the procedure but have heard horror stories from friends and family. If your dentist recommended a root canal for you, before you go running, learn what a root canal is and why most of those stories are exaggerated.

Root canal treatment is needed when the nerves and blood vessels of a tooth become infected or damaged. The procedure entails removing the pulp (comprised of nerves and blood vessels), cleaning, shaping and sealing the canals of the tooth. There are many symptoms that hint an individual may need a root canal. These include:

Dr Tamika Ferguson

• Darkening of the tooth • Severe toothache occurs spontaneously

that

• Prolonged pain after heat or cold has been removed • Swelling and tenderness in the gums near the offending tooth Sometimes there are no symptoms a tooth may require root canal treatment until an X-ray is taken. Many patients question why they have to undergo the procedure if they are not experiencing pain. If left untreated, this

A root canal may not be as scary as you think can lead to infection.

People fear root canal treatment because they believe the procedure is associated with pain.

In truth, root canal therapy relieves pain. Your dentist will remove the infected tissue which initially caused you distress. The root canal procedure itself is painless. As with the majority of dental treatment, a local anaesthetic

is used to numb the tooth and the surrounding area, therefore, no sensation is felt during the procedure. Some people have even compared having a root canal done to having a filling.

Most people associate the pain they felt before seeking dental help with that of root canal therapy.

Usually, when a patient who

needs root canal treatment first presents they describe experiencing an extreme toothache.

They usually describe the pain as unbearable. In most cases patients confuse the pain that caused them to need the root canal with the procedure itself.

Instead of having a root canal done patients often want to opt for the least expensive or a less

time consuming procedure, an extraction.

But saving your natural tooth if you can is always the best option.

If you decide to extract the tooth, you will have to replace the tooth with an artificial one. In the long run, an extraction and replacement of that tooth with a bridge or implant is more expensive and time consuming than root canal therapy.

People have many misconceptions when it comes to dentistry, one of the main misconceptions is the pain associated with a root canal procedure. Root canal therapy does not cause pain, it relieves it.

It’s best to remember that saving your tooth by having a root canal done, if possible, is better than an extraction; there are no substitutes that can compete with having your own natural teeth.

If you are experiencing tooth pain, tenderness or swelling it’s time to visit your dentist!

• Dr Tamika Ferguson

PAGE 10, Tuesday, August 9, 2016

THE TRIBUNE

Get down and dirty at Bahamas’ first Mud Run New obstacle challenge kicks off this weekend

By ALESHA CADET

Tribune Features Reporter

acadet@tribunemedia.net

T

his Saturday, organisers of the first Mud Run 242 will be encouraging Bahamians to unleash their inner warriors and to “face to mud”.

It all take place at the Clifton Heritage Park, which will be transformed into a muddy fun-packed 20 plus obstacle course.

Registration begins at 8am and the official race starts at 9am. Part proceeds from the event will go towards the Children’s Emergency Hostel.

Bahamian mud warriors will face obstacles that require not only getting muddy, but also balance and coordination, upper body strength, flexibility, willingness and determination to get through three perfectly designed phases.

Participants will also have photo opportunities to mark their accomplishments and walk away with goodie bags as tokens of Mud Run 242’s appreciation for taking on the challenge.

For Mud Run 242 proprietor Chrystal Knowles, the aim of the event is to ensure

Muddy obstacle courses are popular all over the world, but this Saturday Bahamians will get the chance to “face the mud” in the first ever Mud Run 242. that persons have fun, enjoy the healthy experience and be entertained, all at the same time.

“My goal for the Bahamian mud warriors is to laugh with their family and friends, get dirty of course, and realise that fitness isn’t always intense or repetitive. You can actually enjoy working out through various outlets, and it’s OK if you aren’t able to complete all the challenges, just being present and participating is a step in the right direction

“My goal for the Bahamian mud warriors is to laugh with their family and friends, get dirty of course, and realise that fitness isn’t always intense or repetitive. You can actually enjoy working out through various outlets.” towards health and wellness,” she said.

In addition to having fun while testing their physical prowess, Ms Knowles said participants will have the

opportunity to socialise and make friends, as some of the obstacles require teamwork.

“We encourage all participants to help each along

the route. Additionally, it’s a motivator with a subliminal message. You will always have obstacles in life, but with drive and effort it’s amazing what we can ac-

complish if we just test ourselves,” she said.

It was while on vacation in Florida a few years ago that Ms Knowles first decided to test herself and take part in a Mud Run obstacle course abroad.

“Let me start by saying I am not fit. Keeping this in mind, I still decided to experience it. It was such an awesome experience, although I wasn’t able to keep up with the professionals or even complete all of the obstacles. My friend and I took on the challenge headon and at the end of it we wore our sunburn, cuts and bruises with muddy socks and shoes as badges of honour. The fun and adrenaline rush I experienced at that event moulded my vision of Mud Run 242 and what I’ve prepared for my Bahamian mud warriors,” she said.

Ms Wilson said she is looking forward to hosting the event on an annual basis. A special pre-Halloween Mud Run will be held on October 23.

“It’s going to be different.

Bahamian mud warriors will be able to experience new obstacles and possibly a new route while they’re dressed in their favourite costumes with Halloween surprises for them around every bend,”said Ms Wilson.

All interested persons are asked to follow “MudRun 242” on social media platforms to stay informed of upcoming activities and events, or visit www.

Mudrun242.com.

The power of positivity Over the course of the last few articles, we have been taking the time to dive into toxic emotions by examining what these emotions are, how they physically make us sick, and looking at practical solutions for overcoming them. I trust that us being physically affected by how we feel was made clear in the discussions.

Today, we step onto a higher plane as we contemplate what actually fuels how we feel.

What is the driver of our emotions that dictates how we feel?

The answer to that would be the bursts of non-physical energy emanating from our absolutely amazing brain – bursts of energy known as thoughts.

Our thoughts govern our emotions. Can you feel sad and be in tears without first thinking about something sad? Or can you be jovial and bursting with laughter while thinking about something

that terrifies you? \ To the latter, the answer for most is, ‘Of course not’.”

The link is so secure that if you’re ever unsure about what you may be thinking, just get in tune with how you are feeling and you will discover just where your head is at.

This week we take a 180-degree turn and look at the power of positivity rather than focusing on the dangers of constant, negative emotions. Admittedly, I needed a break from all the talk of bad things happening because of ‘bad’ feelings. This is refreshing.

As one would probably imagine, when we are thinking positively, the physical effects are essentially the exact opposite of what happens when we mentally waddle in negativity. Research has shown that thinking positively and being optimistic are associated with an increased life span. Undoubt-

edly, longer life is the result of the various health benefits of thinking positively. A few of the more studied health benefits include a decreased risk of dying from cardiovascular or heart problems, decreased incidences of acute infections such as the cold or flu, decreased depression, and overall mental and physical wellbeing. The rate at which Bahamians succumb to heart disease alone is staggering. But, according to this bit of information, without lifting a finger, we can add good, quality time to our lives. With all the stressors we are bombarded with day in and day out, another benefit of thinking positively is that when these situations arise, which they will at some time or the other, we are better able to deal with them.

By simply thinking positively and having a positive outlook on a situation, we equip ourselves with better coping skills.

It is worth taking the time to

put more intentional effort into thinking positively. Sometimes it is difficult to do because the reality of a bad situation can be quite consuming when we are in it.

This is where mantras, meditative prayers, an uplifting song, meditation, a beautiful piece of music or positive imagery come in handy.

They all have their place in helping us shift our thoughts to a higher frequency which correlates with positive thoughts and “good vibrations”. So the next time you find yourself feeling down, discouraged, disheartened, etcetera, make an intentional effort to change how you are thinking.

As I stated, it can be difficult at first – like breaking a bad habit.

But I promise you, the more you practice being positive and thinking positively the easier it will become. With time, it will take no effort at all to get in touch with your feelings, recognise that your

Five superfoods that support kids’ eye health (BPT) - The start of the school year means a laundry list of todo’s for parents. From shopping for school supplies to scheduling an annual physical, it’s a hectic yet exciting time for the entire family.

As kids settle back into the groove of the school year, you can ensure they are prepared with the right pencils and notebooks, but if they are straining to see the teacher, learning will be a challenge.

“The first step is to have your child’s vision checked annually by a doctor,” says registered dietitian Tammy Lakatos. “The next step is to maintain healthy vision which parents can easily do by providing a wholesome diet rich in vitaminpacked foods proven to support eye health.”

While carrots have a reputation as an eye-healthy food, there are many other options that keep kids seeing sharp. These five superfoods will help keep your kids’ eyes healthy so they can better focus at school.

Berries Bulk up on berries to maintain that perfect vision. Blueberries, blackberries and strawberries are packed with eye-healthy vitamin C. Bonus: because vitamin C is an antioxidant that boosts the immune system, it will help stave off the coughs and colds that often come along with the start of school.

Nuts and seeds When kids crave crunch, seeds and nuts are the perfect choice.

English walnuts, raw almonds, flax seed and sunflower seeds are satisfying on top of yogurt or in a homemade trail mix. Plus, these nuts and seeds contain omega-3 fatty acids, which research shows can help support vision.

Eggs The right type of foods can help your child’s eye health

This breakfast staple can boost eye health, but keep in mind not

Dr Monique Thompson thoughts are negative and vibrating on too low of a frequency, and to change your thoughts for the better. I challenge you to start taking the positive avenue today!

• Dr Monique Thompson is the founder of Cornerstone Healing Institute, an integrative family medicine clinic, and can be contacted at info@chibahamas.com with any questions or comments.

Visit www.chibahamas.com for more information. all eggs are created equal. Eggland’s Best eggs come from hens fed a wholesome, all-vegetarian diet that results in a superior egg packed with eye-healthy nutrients such as 38 percent more lutein, three times more vitamin B 12 and five times more vitamin D than ordinary eggs.

Dark green vegetables Antioxidants in kale, spinach and broccoli help keep eyes healthy and prevent disease. Each vegetable contains high levels of lutein and zeaxanthin, which studies have found lowers the risk of advanced macular degeneration and cataracts.

Citrus fruit Oranges make awesome snacks or meal add-ons. Because citrus fruits are loaded with vitamin C, you’re not only giving your child a naturally sweet treat, you’re helping support eye health. Plus, the smell of citrus will awaken the senses to help fight the afternoon slump.

THE TRIBUNE

Tuesday, August 9, 2016, PAGE 11

Amazing body changes during pregnancy Pregnancy is an amazing time in a woman’s life. There are so many new things happening with her body, both physically and emotionally, and it’s hard to keep up with all that is going on.

Many first-time moms find comfort in researching all the body changes so that they know what to expect during their 40 weeks.

Here are a few amazing body changes that many women experience during pregnancy:

After you have your baby, your bladder should return to normal again. Speak to your doctor if you notice any permanent bladder changes after pregnancy.

Leg cramps and irritations

Weight gain For most women 25-35 lbs is the recommendation. If you are smaller in size, you may need a few extra pounds. And if you are larger in size, 15 to 20 lbs may be normal for you. I know that it seems that weight gain is no big deal, but unnecessary weight can add more strain to your body. I know, having an excuse to eat whatever you like without feeling guilty or being judged for it is really tempting, isn’t it?

Bleeding gums One of the first signs of preg-

Your size is not the only thing that will change about your body during pregnancy nancy, even before a test confirms it, many women will experience bleeding gums. This is caused by pregnancy hormones, so it’s very important to make sure that you take care of your teeth during pregnancy. Some dentists will recommend more frequent teeth cleaning during pregnancy. And of course, don’t forget to floss.

Frequent urination No, your bladder doesn’t shrink to the size of a walnut like you may be thinking. Frequent urination can be due to the added pressure on your kidneys, and also the baby pressing on you bladder. It’s just another one of those glorious body changes. Luckily, you won’t always feel like “you gotta go”.

Pregnant women already have trouble getting comfortable and sleeping, especially during the last trimester. Some women can experience leg cramps and a funny tickling in their legs when they are trying to sleep. Studies suggest that it may be due to an iron or potassium deficiency, so speak to your doctor if you are having these irritating feeling at nighttime.

Hair growth Most of us don’t mind this amazing body change during pregnancy. Many women will experience hair growth and feel like their hair is thicker while pregnant. This is also due to increased hormones in a woman’s body, but be warned, these are not permanent hair changes, as women’s hair tends to shed when the hor-

Are you making informed decisions?

There is making decisions and then there is what many call “informed” decisions.

Of course, “informed” is a relative term. It is not how much information you have or how well informed you may be, but more about your capacity to understand and evaluate the information.

It is only after the information evaluation process that one can truly make an informed decision.

Decision-making is truly a process of weighing the pros and cons. It is not a small thing, particularly when the consequences can have life-changing effects.

Consider decisions like getting married, buying a home, becoming a parent or submitting to a certain religious philosophy. Such decisions have lasting impact. It is therefore critical that you predetermine if you are willing to accept responsibility for the consequences, which most people often ignore.

Even though such consequences make up the delicately woven fibres of every decision we make,

Bun In The Oven

they tend to be left out of the equation. Look at a couple’s decision to get married, which is lifechanging and goes way beyond the emotions of planning the wedding.

Within the decision to marry are consequences like the need to adjust behaviour, share finances and make decisions as a couple.

For many couples, these consequential points are often not discussed and soon become major roadblocks in their relationship.

Such a decision requires the sifting through of tonnes of information about each other and each partner’s capacity to handle the underlying consequences.

Decisions that result in such lasting changes have an indelible influence on your life as a whole, but on your emotions in particular. Oddly, people seldom pay attention to the incredible role of their emotions when it comes to decision-making. Yet, emotions play a significant part of this process.

Even the information being

considered has an emotional value. In most instances it flows from the emotions of the person or group providing the information.

Their emotional state can directly influence how the information is received and the decision is made.

Of course, the art of emotional communication to sway people’s decisions is an old but very effective strategy. It is for this reason that you must take responsibility to do more than just get information. Go beyond the emotions to analyse and make sense of the information for yourself.

Fail to do so, and your decisions can become emotionally hijacked by whosoever. Take the time to think critically about the details in order to make the decision that best serves your intentions.

Even though this process may sound as simple as pie, the vast majority of people are simply ill equipped to scrutinise information in this way. Consequently, they unknowingly fall prey to the unbridled emotional agendas of the messenger(s). Chief amongst

these messengers are media houses and other such entities. They are in the business of information selling/telling and you can rest assured that they are cleverly aware of the high value of people’s emotions. So much so that without the currency of emotions, the common practice of blatant sensationalism, innuendos and unchecked insinuations will have no real effect. It is against this backdrop that you must find the audacity to wade through rhetoric and overt mumbo jumbo to make an informed decision.

Leader to leader, recognise the power of your personal responsibility. It clearly asserts that you have the ability to respond effectively in meeting the decisionmaking challenges of your life.

Understand that all information must be contextualised, analysed and evaluated for you to strip away any untruths and emotions before you accept a decision.

Indeed, living an empowered life lies in your capacity to make informed decisions. Such deci-

Bianca Carter mones drop after pregnancy. Enjoy it while it lasts!

Love and hugs!

• Bianca Carter is a certified lactation counsellor and founder of Bun in the Oven.

For more information, e-mail her at info@ babybunintheoven. com. Follow BITO on Facebook at babybunintheoven, and check out the BITO Blog every Monday and Thursday at http://babybunintheoven.com.

Michelle Miller Motivationals

Michelle M Miller sions are made best by creating an empowering rather than disempowering decision-making process. Yes, you can do it.

What do you think? Please send your comments to coaching242@ yahoo.com or 429-6770.

• Michelle M Miller is a certified life coach, communication and leadership expert. Visit www. michellemmiller.com; mail can be sent to PO Box CB-13060.

Sterilisation, birth control, violence and gender inequality: Are these related?

Progress is often sold as a package that takes something from someone else. In the creation of a penal colony in Australia, progress meant the deprival of rights and land from the Aboriginal people. What does it mean today?

In the 1970s in Puerto Rico, women were being sterilised without their informed consent.

In Apartheid-era South Africa black women were often sterilised without their knowledge or consent.

In the United States and Canada some First Peoples were sterilised without their consent. In the US some women who were considered “undesirable” were sterilised so that they could not pass on their traits and so threaten the greater good. In the Bosnia-Croatia war women were raped by their neighbours in order to destroy ethnic groups. The shooting down of young black males in the United States almost daily continues the same thrust towards ethnic cleansing. Yet we do not connect the dots.

However, today we wish to focus on the abuse of women’s bodies by the state.

In the Puerto Rico case, it was widely used. In Puerto Rico, it was common to have the operation. “La Operación”, a documentary by Ana María García, sheds lights on this period.

Sponsored by a grant from US AID, sterilisation was free for all women on the island and there was a campaign to ensure that as many women as possible were sterilised in order to control population growth and promote prosperity.

While the Puerto Rican effort did not seek to rid the island of one particular group, its aim was wider and more universal, and resulted in the sterilisation more than one-third of Puerto Rican women. Many other programmes built on a similar philosophy, however, do not have a particularly narrow agenda or focus.

The wider context Projects such as the forced sterilisation of women because of their socio-economic and/or marital status are often used by despotic governments to control

through medical intervention. A great movie comes to mind when we think about mental control: “One Flew Over the Cuckoo’s Nest” explores the use of shock therapy to “dumb down” patients. The film exposes life in an insane asylum and how destructive it becomes through reliance on drugs and electroshock therapy to alter people’s minds and so render them malleable.

In the 1970s, shock treatment was used as a regular form of therapy for many patients, especially women who were seen to be hysterical or those experiencing postpartum depression. Medical science was still catching up and learning how to deal with the female body. As time marches on, so does medicine. However, policies towards women in some countries tend to remain very antiquated and draconian. For example, in Puerto Rico many large pharmaceutical companies experimented with birth control pills on women without warning them of any undue side effects.

In Puerto Rico, the American way of life provided sufficient justification for the mass sterilisations. It was seen as the better way to go and would ultimately mean the avoidance of poverty.

Much like the promise posed by “Operation Bootstrap” in Puerto Rico at the same time, where many Puerto Ricans were sold golden dreams of lives of employment and the American dream where they could work in factories for Hanes and Fruit of the Loom, this required controlled reproduction. Gender and development are never separated. The Puerto Rican paradigm, much like the Tuskegee experiments, promised progress, but at the expense of those being experimented on, those seen as expendable.

They were chosen specifically because they represented what was seen as the dregs of humanity.

The list of these types of experiments goes on and does not exclude the British colonial exercise in Australia where thousands of Aboriginal youth were removed from their families and sent to centres to be educated and “civilised” so they could serve the Europeans and stamp out the native. See the film “The Rabbit-Proof Fence” for more in-

formation.

Many of these young girls were impregnated by their European “employers” and so the process became two-pronged.

The exploitation and eradication of indigenous cultures was similar in Chile, Argentina, Brazil and other Latin American countries where right-wing dictatorships that sought similar results through various of these strategies functioned freely.

Shock treatment was widespread.

Further, another benefit to this exploitation and ultimate eradication of the native would be the free and complete use of the land and resources. So, while women’s productivity was being used to create wealth for the empire, their reproductivity was being controlled by the empire in an effort to destroy their racial and ethnic group.

This is what the famed sociologist Johan Galtung calls cultural violence.

This type of structural violence used to control and destroy and to have a predetermined outcome meant that an entire culture would be destroyed, what we now refer to as genocide. Yet the colonial powers were never charged with genocide. There is language for the kind of cultural violence that allows these things to happen. These kinds of policies are no different from the policies currently in place in some parts of Texas where women are categorically denied access to birth control because of a strong fundamentalist push to control women’s morality. The only apparent difference is how they look on the surface.

Local governance Over the last few years, the Bahamian government has been less than exemplary in the way they have dealt with gender and racial/ ethnic as well as class-based matters. In fact, they have often made extremely inflammatory, racially and sexually charged statements about women and what they need and how they should be treated, as well as about young, workingclass males from inner-city areas.

They have repeatedly made reference to the native quarter, the need for special policing to con-

trol the uncontrollably violent, dangerous, Negro youth and the need for women to be controlled by the state because of alarming rates of children being born out of wedlock into fatherless households.

We are living something that seems to be akin to the deployment of weapons of control and destruction for a population that is increasingly uneducated and so unable to challenge what is afoot. Weapons are not limited to guns and knives; they can be prescription drugs, words, policies and surgical interventions that achieve particular outcomes.

We have decided as a culture that women can be slapped around and that they are worth less than men. Poor, black youth are worth less than rich youth; women’s reproductivity can be controlled by the state.

The talk these days, though, has become reminiscent of an extremely retrograde, classist, sexist, misogynist, colonialist discussion around whether women can choose to reproduce or be told how to live. Ironically, so many of big wigs scapegoat these young women and men who they determine to be less civilised for their own proclivities, (this too is frequently documented in history).

When we say that women must be slapped around and controlled by their owners and we argue that they have fewer rights than men, we also say that women are incapable of self-determination and so the state must take control of their bodies. As under slavery, enslaved and contracted workers’ bodies were owned/controlled by the master or the company they were contracted to; these women are now controlled by husbands, leaders or politicians.

A better, stronger Bahamas, gender and development economics Afro-Caribbean psychiatrist, philosopher and revolutionary Frantz Fanon illuminated the dangers of the “Native Quarter” and the devastation that resulted from its creation. He also examined the racist and classist policies that allowed bodies to be sav-

Dr Ian Bethell-Bennett agely policed and used as chattel, especially within that quarter.

Slavery may have ended, the 1970s may be in the last century, and so we are better now, but the Dirty War in Argentina and the shock treatment used to control the population there and elsewhere show that these are always easily deployed.

Peter is no better than Paul, sadly, and the use of fundamentalist theology to imprison and destroy an entire population on a tiny island is not new.

In fact, this is an old weapon being retooled and reused in the 21st century in the guise of a different kind of shock.

The neoliberal Adam SmithFriedrick von Hayek-style economics with a Milton Friedman-style implementation is dangerously alive today. It is beyond troubling that such degrading and paternalistic discourse can be so easily used by all parties and included in the political mix.

But even more troubling is the justification of the exploitation and the control of bodies, and the selling off of a country to foreign investors because we need them to develop us.

Yes, it is unacceptable to allow public figures to use such base language and inflammatory remarks and to argue that they will employ such strategies in their political policies, but we seem to be missing so much more than we are actually criticising.

Gender and class inequality are a very small part of the project to disempower that we have allowed to develop. How do we wish to control that project now? To be sure, unwanted child birth and unsupervised child-rearing are serious concerns, but education and awareness offer better ways to deal with these than state-controlled surgical interventions.

SECTION D

TUESDAY, AUGUST 9, 2016

A life lived in service of others

By JEFFARAH GIBSON Tribune Features Writer jgibson@tribunemedia.net

I

F Karen Farrington’s constant interest in caring for persons in need at a young age was not an indication that she would one day become a healthcare professional, her fascination with toy doctor sets and pretending to give injections to everyone around her was a sure giveaway.

Now, as her illustrious career as a registered nurse which spanned more than 34 years comes to an end, Nurse Farrington said looking back it seems almost surreal that she was granted the opportunity to live out her childhood dream in this way.

Nurse Farrington had the opportunity to reflect on decades of service, personal sacrifices and the lives she has impacted during a special retirement celebration held over the weekend.

Embarking on her career on February 1, 1982, when she was just 17 years old, Nurse Farrington attended the Bahamas School of Nursing. She graduated in 1983 as a trained clinical nurse and received an in-service award in 1995 in this capacity.

She continued her education at the College of the Bahamas, where she received an Associate of Science degree in Nursing in 1999. A year later she was promoted to registered nurse.

“From a very young age I realised that nursing was the profession that God had called me to do. As a child I was always fascinated with the toy doctors set and would pretend I was a nurse giving an injection to make someone well again.

I always enjoyed caring and was willing to help other persons in need,” she said.

Over the years, Nurse Farrington’s work has taken her to the various wards

Nurse Karen Farrington surrounded by friends and colleagues

Nurse Karen Farrington retires after more than 30 years in ‘dream job’ at the Princess Margaret Hospital, including the maternity ward, the nursery, the gynaecology ward, the female medical ward, the children’s ward, the neonatal intensive care unit, and the surgical clinics.

She transferred to the Department of Public Health in 1989 and worked at the Elizabeth Estates, South Beach and Fleming Street Clinics, as well as in District Nursing, in the Chronic Noncommunicable Disease Programme (CNCD), and now in her last assignment, with the Eye Project.

Now reality is setting in for the new retiree and she said feels mixed emotions about ending this chapter of her life.

“My time in nursing has been amongst the best

years of my working life.

I have gained many skills and qualifications along the way. I have countless experiences – too many to mention – that have impacted my life in a memorable and meaningful way.

I also need to acknowledge just how much I have been shaped by my colleagues and friends in this profession,” she told Tribune Woman.

One of the main things Nurse Farrington said she loves about the field of healthcare is that it is a profession that never stops giving.

“You learn new things every day. I feel so good inside when I see improvements in my patients.

Sharing my knowledge is also something that I love.

Almost every aspect of nursing involves teaching and sharing knowledge to promote health and lifestyle change. Teaching others to care for themselves requires a nurse being well-versed in everything medical. For example, teaching a patient about their medications and other self-management techniques. For me, nursing is the most rewarding, diverse, and flexible career,” she said.

But every profession has it’s pros and cons, and nursing is no different.

While she enjoyed nursing the sick back to health and educating patients, Nurse Farrington said she found it particularly frustrating that her potential was not maximised in the way she hoped it would be.

“The most challenging part of my career in the Department of Public Health was becoming stagnant. I wanted to do a little more and to be able to utilise my skills. Opportunities for you to really excel and advance are very limited and sometimes you go above and beyond the call of duty many times, but it’s hardly recognised,” she said.

But ultimately, she said, the highs outweighed the lows, and this is what kept her in the job for more than three decades. One major highlight of Nurse Farrington’s experience, she said, was working with diabetes patients from 2005 until her retirement.

“With a desire to improve the quality of life for diabetics and the prevention of diabetes through education and selfmanagement techniques, I became a Caribbean certified diabetic educator, foot care assistant trainer, and lifestyle coach in diabetes prevention. I also completed fundamentals of chronic kidney disease, became a

Nurse Karen Farrington certified ophthalmic registered nurse, clinical skilled trainer and taught diabetes education for nurses and patients throughout New Providence and the Family Islands. I was able to travel international and regionally attending conferences to stay current,” she said.

While she may be leaving the Department of Public

Health, her love for the nursing profession remains strong.

“I plan to work parttime. I would also continue diabetes education with the Diabetes Association of the Bahamas. My ultimate goal is become an entrepreneur,” she told Tribune Woman.

A summer shopping fling for back-to-school

By ALESHA CADET

Tribune Features Reporter

acadet@tribunemedia.net

Entrepreneur Deanna Wilson is back for the second year in a row with her unique shopping party.

With her company Glimpse Into Perfection, Ms Wilson aims to offer Bahamian women and girls the latest trends in costume jewellery, inclusive of necklaces, rings, earrings, bracelets, body chains, arm bangles, anklets and pins. But with this year’s shopping event she hopes to do even more.

The shopping party, to be held next Saturday at the Bahamas Union of Teach-

ers Hall on Bethel Avenue from 2pm to 7pm, will also serve as a back-to-school jamboree to assist students in their preparations for the new school year.

“Glimpse Into Perfection is still going strong. As you can see, we’ve grown from just participating in shopping parties; we’re now hosting our own. This is just the beginning. We recently decided to host ‘Summer Fling 2016 – Back-toSchool Jamboree’ to incorporate the children of our clients. It’s always about the parents, so this time around we’re including the kids,” Ms Wilson told Tribune Woman.

As a business owner, she believes it is important to host events of this nature

to assist the community’s children. She explained that with a certain minimum purchase from any vendor at the event, Glimpse Into Perfection will be giving away back-to-school kits.

Participating vendors will include Shoegasm, Pretty Girl Clothing and Accessories, Brew’s Teachers Resource Cafe, Hello Gorgeous, VIK Party Services, On Site Massage, Kess Pleasures, Lexi’s Sinful Treats and Lydia’s Delights.

There will also be a bouncing castle, face painting and a variety of games to entertain the youngsters while their parents shop.

“I am thankful to be hosting yet another shopping event, especially this time

around being able to give back. I would love for my events to continue to grow and become an annual festivity. Persistence is key.

The overall goal for this event is to spread awareness about small local businesses,” Ms Wilson said.

“We each offer a unique service, but work wonderfully as a team. These events aren’t all about the sales, but rather the exposure. I will see to it that both ‘Spring Fling’ and ‘Summer Fling’ grow to become an annual event. Hopefully by year end we’ll be able to introduce ‘Winter Fling’.

Ms Wilson first hosted ‘Spring Fling’ last year to celebrate her company’s two-year anniversary.

Jewellery by Glimpse Into Perfection