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Bahama Islands News, Articles and Information
Historic bargain struck
After four months of "long and arduous" negotiations, government officials and The Bahamas Union of Teachers (BUT) are finally making progress.Minister of Education, Science and Technology Alfred Sears announced that yesterday's signing of the first Collective Bargaining Agreement was a historic one as it is the first document signed by the parties since the execution of the recognition agreement of 1965.
According to Minister Sears, this agreement will provide for peace and harmony in the workplace and will recognise the need or the establishment of a framework within which the industrial relations would be properly managed and pursued. In the end, the five-year agreement will pay out approximately $20.5 million to Bahamian teachers.
The BUT had been pushing for a lump sum payment of $4,000 plus other increases and benefits .
Strong thunderstorms reported over north Miami-Dade, south Broward
A series of strong thunderstorms were moving across northern Miami-Dade County into south Broward County Wednesday afternoon, said the National Weather Service in Miami.At 11:55 a.m., a band of strong thunderstorms was moving north around 10 mph. The storms extended from Krome Avenue across Doral to Hialeah and Opa-locka. It will move through Miami Lakes, North Miami Beach, Carol City and Aventura and into south Broward around Hallandale Beach and Miramar. This band of storms is producing wind gusts as high as 40 mph along with brief heavy rains and occasional lightning strikes.
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Five Funds Prosper Far From Wall Street
New York may be known as the world's financial center, but investors would do well to look far beyond the city's limits when searching for mutual funds.Judging by the past performance of savvy investors from Warren Buffett in Omaha, Neb., to Sir John Templeton in the Bahamas' Lyford Cay, a lot of anecdotal evidence suggests that one way to beat Wall Street is to get as far away as possible.
The best-performing mutual fund for the decade through June 30 was Wasatch Micro Cap, run out of Utah and now closed to new investors and existing shareholders.
Of course, ...
.Sailing across the silver screen
Ahuge turnout is expected for the Friday opening of "Pirates of the Caribbean: Dead Man's Chest." The sequel to the 2003 blockbuster reunites Johnny Depp, Orlando Bloom, and Kiera Knightley. But it is Bradenton native Stephen Ananicz that family and friends will be cheering for when his face graces the screen."Everybody's excited," said proud mom Marianne Ananicz. "We're all going to go see it together."
Marianne works at Faces Salon in Bradenton. Her husband, Stephen, is chief operations officer for Chiles Restaurants Group. The couple has three sons: Stephen, 19, Michael,14, and Nicholas, 5.
"We were so proud when Stephen sent us back pictures of him in the pirate outfit," Marianne said. "Nicholas is a little young to understand it all but Michael is very proud of his brother - he's been showing off the pictures to all his friends."
Ananicz landed a part in the supernatural swashbuckling adventure after auditioning in Orlando back in September of 2005.
Putters see the sputters of ‘volcano’
Tell me you negotiated a million-dollar deal while surfing pipe in Hawaii, sealing the deal with a handshake between surfboards, then I might be impressed.Tell me you sealed a million-dollar deal after failing 46 successive times to putt a ball through a windmill, then I'd really be impressed.
As you can probably tell, I prefer miniature golf to regular golf.
I realized how much I prefer miniature golf to regular golf last year after I read a Washington Post article about Hilary Bruggen, a workplace consultant who specializes in helping people understand how much business can be conducted on a golf course.
She calls herself a business-golf expert.
Golf seems to be the only sport that could spawn such a curious occupation.
Hurricanes cost BTC $50m
The Bahamas Telecommu-nications Company Limited's (BTC) Chief Executive, Leon Williams, revealed yesterday in an exclusive interview with The Nassau Guardian that hurricanes cost the company $50 million last year.And despite predictions of an active season this summer, BTC is hoping to escape another massive financial hit.
Last year's storm season caused setbacks and delays, but BTC is setting up new technology that should en-sure minimal damage. "Hurr-icanes cost us $50 million last years," said Mr Williams. I'm hoping we don't end up with any setbacks this time.
"[Over the years], Hurricane Floyd cost us $34 million and Hurricane Michelle cost us another $16 million," he added. "The last thing we need this year is another hurricane," he added.