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BPL BAHA MAR BILL PAID IN FULL By RASHAD ROLLE Tribune Staff Reporter rrolle@tribunemedia.net
THE Baha Mar Claims Committee, established to oversee the payments of funds provided ex-gratia by the Export Import Bank of China (CEXIM), has paid in full the money owed to Bahamas Power & Light, Committee Chairman James Smith said yesterday. The Water & Sewerage Corporation (WSC) and the SEE PAGE SIX
Economic blow as S&P downgrades nation to junk status By NEIL HARTNELL Tribune Business Editor nhartnell@tribunemedia.net LEADING global credit rating agency Standard & Poor’s (S&P) yesterday handed the Bahamas an unwanted Christmas present a downgrade to “junk� status, reflecting the country’s worsening economic and fiscal position. S&P’s action, based on The Bahamas’ weaker economic growth and slower fiscal consolidation pace, means that the country has lost its all-important ‘investment grade’ status, which is potentially highly damaging for the nation and its economy as it signals to the international capital markets that its creditworthiness is slipping into dangerous territory. The Government said last night that it was “disappointed� with the development, claiming “it is most unfortunate that S&P did not seem to fully consider the impact of the many
growth generating initiatives underway�. The latest downgrade will immediately send a negative message to the investors in both Bahamian government debt and the economy, potentially impacting every Bahamian. The Government will likely have to pay more for current and future debt issues, raising its debt servicing (interest) costs and sucking money away from essential public and security services. S&P justified the downgrade to BB+ (speculative or “junk� grade) from BBB- (investment grade) on the basis that it is now projecting the Bahamian economy will only grow by 0.3 per cent this year, down from its 1.2 per cent estimate in April. The rating agency added that lower Gross Domestic Product (GDP)/economic growth would also negatively impact the Government’s tax revenues and fiscal SEE PAGE SIX
PSYCHIATRIC STUDY FOR MAN ACCUSED OF KILLING MOTHER By LAMECH JOHNSON Tribune Staff Reporter ljohnson@tribunemedia.net
A PSYCHIATRIC evaluation has been ordered for a man who was arraigned in Magistrate’s Court yesterday in connection with the fatal stabbing of his mother in their family home. Tamaal Adderley, 35, of Turnquest Avenue was brought into the Nassau and South Streets complex under heavy police guard to
appear before Chief Magistrate Joyann FergusonPratt on a charge of murder concerning the death of 61-year-old veteran educator Lauramae Adderley. The accused appeared dejected and withdrawn when addressed by the arraigning magistrate. “Mr Adderley could you give me your date of birth please?� the chief magistrate asked. SEE PAGE SEVEN
SENATOR Rodney Moncur speaking to reporters yesterday.
MONCUR AGGRESSIVE OVER VIEWS ON MARITAL RAPE By KHRISNA VIRGIL Deputy Chief Reporter kvirgil@tribunemedia.net  NEWLY appointed Senator Rodney Moncur was combative and aggressive yesterday when he was questioned about how his controversial views on marital rape among other things would fall in line with the views of Leader of the Official Opposition Loretta Butler-Turner. The moment when the controversial radio talk show host appeared to come unhinged and went on to berate The Tribune unfolded at the Senate, during a press conference moments after he was officially sworn in. The impromptu press conference, which was called after reporters requested an interview
with Mrs Butler-Turner to respond to criticisms on her appointment of the 60-year-old turncoat, quickly disintegrated into a strong showing of Mr Moncur’s anti-feminist disposition as the Long Island MP looked on, seemingly embarrassed. She was asked to explain the dynamics of his appointment to the Senate given that Mr Moncur was fiercely opposed to the Marital Rape Bill, which she tabled in Parliament in 2009. She was in support of the proposed legislation and campaigned to have it pass in the House of Assembly. The Bill was shelved after pushback from the community; Mr Moncur was one of those who did not support the legislation. However, as she an-
swered in an attempt to convince Bahamians that she and Mr Moncur’s differing points of view were not problematic, he sat quietly. It was after the press conference ended that Mr Moncur stood to angrily berate The Tribune. “This young lady is questioning my position on marital rape,â€? he said, referring to The Tribune. “I am a 60-year-old man and if I climb on top of my wife, she better‌â€? the community activist shouted, as he beckoned someone in the room to close the door of the room. “You asked about my position on marital rape? Well what was my position? What was my position?â€? SEE PAGE THREE
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BUTLER-TURNER DEFENDS CHOICE OF CONTROVERSIAL ACTIVIST AS SENATOR By KHRISNA VIRGIL Deputy Chief Reporter kvirgil@tribunemedia.net  OPPOSITION Leader Loretta Butler-Turner yesterday suggested that Senator Rodney Moncur was among the “best� this country had to offer as she defended her appointment of the community activist to the upper chamber, insisting that she respected him for publicly stating his contentious positions when others were not bold enough to do so. Responding to critics who have questioned the logic of her choice, given the fact Mrs Butler-Turner and Mr Moncur have differing views on marital rape and gender equality, the MP said it was “reprehensible� and “frightening� that there were those who secretly campaigned SEE PAGE THREE
CONFUSION OVER APPOINTMENT OF WOMEN’S RIGHTS OPPONENTS By SANCHESKA DORSETT Tribune Staff Reporter sdorsett@tribunemedia.net  ACTIVIST Ternielle Burrows yesterday questioned why Official Opposition Leader Loretta ButlerTurner, who campaigned for wom-
en’s rights, would appoint two men to the Senate who “are opposed to everything she believes in�. In an interview with The Tribune, the independent candidate for Elizabeth said she did not understand why Democratic National Alliance (DNA) Leader Branville McCartney
Nassau & Bahama Islands’ Leading Newspaper
and controversial radio talk show host Rodney Moncur were chosen to be senators when both men have actively campaigned against women’s rights. Ms Burrows questioned whether SEE PAGE TWO