A political blog about Bahamian politics in The Bahamas, Bahamian Politicans - and the entire Bahamas political lot. Bahamian Blogger Dennis Dames keeps you updated on the political news and views throughout the islands of The Bahamas without fear or favor. Bahamian Politicians and the Bahamian Political Arena: Updates one Post at a time on Bahamas Politics and Bahamas Politicans; and their local, regional and international policies and perspectives.
Tuesday, July 23, 2013
Rodney Moncur and the Negros’ News Network / African-Bahamian News Network
Peter Nygard and his Stem Cell Concept ...to introduce an Anti-aging Treatment Facility using Stem Cells
Nygard Talks Of His Stem Cell Centre
Tribune 242 Editorial
AT a press conference at his Lyford- Nygard Cay home last Monday Peter Nygard called The Tribune “silly” to think that he would create a stem cell centre in his own backyard.
Monday, July 22, 2013
Prime Minister the Rt. Hon. Perry G. Christie on Protecting The Bahamas Natural Environment at All Times ...in the Best Interest of the Bahamian People
Bahamas Government Protecting the Environment of Bimini
By Llonella Gilbert
BIS
BIMINI, The Bahamas -- Prime Minister the Rt. Hon. Perry G. Christie said the Government and developers will ensure that the jetty and terminal to be constructed for the Bimini Superfast “will neither be obstructive in appearance nor cause damage to the environment, which must be protected at all times”.
The developers will complete, at their own expense, the construction of a deep water jetty and terminal for the berthing of the Superfast Ferry, the Prime Minister explained while speaking at Resorts World Bimini after the inaugural voyage of the Bimini Superfast with passengers from the Port of Miami, Saturday, July 20.
He said, “I do know that in the nature of things in The Bahamas, there will be the rumblings and the beginnings of some grouping that says it is concerned about the environment in Bimini.
“Well, I want them to know that as a prime minister, I anticipated them, I will continue to anticipate them and all of our efforts will be to ensure that even if they want to go to court, we will be able to take them on wherever they want to go and whatever they want to do, because all of our efforts are driven by a commitment to ensuring the maximum effort in protecting the environment of these areas being developed.”
He said it is important to the Government for future generations of Bahamians and visitors to enjoy the island and not have its beauty destroyed.
The Bimini Superfast, which has the capacity to travel with 1500 passengers, made the voyage with 600 specially invited guests, which included the Minister of Tourism the Hon. Obie Wilchcombe; Senior Policy Advisor, Office of the Prime Minister Sir Baltron Bethel and Chairman of Resorts World; the Genting Group (a leading international resort, gaming, cruise line, agriculture and energy conglomerate based in Malaysia), K. T. Lim; government officials and the media.
Prime Minister Christie explained that the developers, which include The Genting Group and RAV Bahamas Ltd. led by Geraldo Capo, have been required to pay a substantial sum of money by Government appointed auditors to conduct an environmental impact assessment study of the jetty and terminal.
He added that the Government has also brought in its own experts and specialists, a well-known international firm from Canada, to do a microscopic examination of what the developers' experts have said should happen and how the development should take place.
“We are taking steps in the best interest of the Bahamian people.”
Minister Wilchcombe said the introduction of the Bimini Superfast represents a new era for the island.
“It is the giant step we have taken toward the economic sustainability of the island of Bimini.”
He also stressed that the people of Bimini would not be left behind as the developments take place.
“The Prime Minister based the entire programme upon causing for the involvement of the Foreign Direct Investment but also calling for Biminites and people of The Bahamas in their respective constituencies to be a part of the developments.”
Mr. Lim explained that the ship has been refurbished at the cost of $100 million.
He said they want to build the jetty and terminal because in the winter the waters will turn rough and the use of tenders to bring the visitors to the island would not be plausible.
The ship is now travelling to the island from Miami daily.
Mr. Lim also explained that the ship would bring a lot of benefits for Biminites and these include getting fresh produce from Florida daily and more tourism dollars as more visitors make their way to the island.
He added, “We want to do more. We are in the process of getting a private jet that will bring people in from Mexico City and New York City directly to you.”
July 21, 2013
Bahamas.gov.bs
The Coalition to Save Clifton reissues the call for Cabinet to reject an application by Lyford Cay resident Peter Nygard ...for a lease of Crown land in the area
Renewed call for govt to refuse Nygard’s land application
BY TANEKA THOMPSON
Guardian Senior Reporter
taneka@nasguard.com
The Coalition to Save Clifton believes that the government does not need an environmental assessment of Clifton Bay and reissued calls for Cabinet to reject an application by Lyford Cay resident Peter Nygard for a lease of Crown land in the area.
Earlier this week, Prime Minister Perry Christie told reporters that he “intervened” in the conflict between Nygard and his billionaire neighbor Louis Bacon.
Christie also said he engaged an American firm to conduct an environmental assessment of the Clifton area, which is located near Lyford Cay.
“There is no need for a discussion,” said Coalition President Rev. C.B. Moss, when contacted for a reaction yesterday. “We ask the government to not approve that application.
“I would assume that the Government of The Bahamas would already have sufficient scientific information to arrive at a conclusion. And the conclusion was arrived at by the government in 2010.”
The previous administration told Nygard that because the work was unauthorized, he must stop doing additional work, according to Montagu MP Richard Lightbourn, who raised the issue in the House of Assembly on Wednesday.
Moss said yesterday, “We are saying to the government, refuse his lease, if the government wants to consider leasing him land on Carmichael Road or anywhere else, that’s a different story.
“Refuse that three acres of land and allow that land to go back to its natural state.”
The prime minister did not say when he intervened or when the environmental assessment was conducted. He also did not name of the American firm or say what its findings were.
“He (Nygard) and Louis Bacon were having problems,” Christie said.
“Those two were having problems, and I intervened with both of them and their problems. The next thing I know, there was a legal action, but I anticipated there would be a legal action, so I engaged an American firm to do a comprehensive environmental assessment.”
Christie told reporters it is up to the court to determine if any environmental damage has occurred at Clifton Bay, but the government has to decide what to do with the land in question.
Lightbourn said yesterday he did not think it was appropriate for Christie to intervene in the Nygard, Bacon dispute.
But he said action needs to be taken on what becomes of the land.
“Some decision needs to be made, but whether you lease it, whether you sell it to him or whether you order him to remove it, government needs to address it,” he said.
“This is not the appropriate time for the government to become directly involved because it would seem that they are taking sides in determining whether there is in fact any environmental damage being caused by virtue of Nygard having extended his property.”
Members of the Coalition to Protect Clifton Bay allege that Nygard Cay has doubled in size since Nygard purchased the land.
The billionaire acquired the most western tip of Lyford Cay in 1984.
However, Nygard’s attorneys have argued that additional land formed as a result of the gradual and imperceptible deposit of materials from the ocean onto land.
July 20, 2013
Saturday, July 20, 2013
Dr. Duane Sands on modernized views on abortion ...after physicians in The Bahamas were accused of profiting from conducting illegal abortions in the country
Dr Sands Joins Call For Dialogue On Abortion
By AVA TURNQUEST
WOMEN should not be forced to break the law in order to exercise rights over their own body, according to Dr Duane Sands, who yesterday joined activists in their call for national dialogue on the abortion issue.
Friday, July 19, 2013
Matthew Feshbach, CEO of the Okyanos Heart Institute; the only stem cell facility to have received government approval to operate in in The Bahamas ...is in the midst of a court battle to have $3.8 million in debt to the Internal Revenue Service (IRS) discharged ...due to alleged inability to pay
Stem cell investor fights IRS debt
U.S. tax agency claims $3.8 million owed
Alison Lowe
Guardian Business Editor
alison@nasguard.com
The co-founder and key financial backer of a stem cell treatment facility in Grand Bahama is in the midst of a court battle to have $3.8 million in debt to the Internal Revenue Service (IRS) discharged due to alleged inability to pay.
As Parliament yesterday debated the Stem Cell Bill, which would put in place the legal framework to govern stem cell research and treatment in this country, it emerged that Matthew Feshbach, CEO of the Okyanos Heart Institute, declared bankruptcy in the Florida courts in June 2011.
Since this time, Feshbach and his wife have been seeking to have a $3.8 million debt relating to 2001 tax liabilities discharged, alleging that in 2011 their joint assets amounted to just $138,000, according to documents filed in the Middle District of Florida’s Tampa Division of the U.S. Bankruptcy Court.
A government minister, who declined to go on record, said yesterday that the Christie administration is unaware of Feshbach’s court battle with the IRS.
Okyanos Heart Institute is at present the only stem cell facility to have received government approval to operate in this country and was mentioned by name several times during yesterday’s parliamentary debate.
In an April 4, 2013, filing for a motion for a summary judgment on Feshbach’s desired discharging of the IRS debt, the Feshbachs’ attorneys describe the pair as “honest and unfortunate debtors” who cannot pay their creditors.
In a declaration dated November 12, 2011, Matthew Feshbach stated the “massive tax liability from 2001 arises from ‘phantom income’ triggered by changes in the tax code that affected some of the hedge fund positions I was managing”.
“We are not millionaires,” said Feshbach in the declaration to the court. “In fact, the very generous appraisal of our assets recently obtained by the Chapter 7 trustee in our case showed that all of our assets totaled $138,000.”
In support of his claim that he is unable to pay the IRS, Feshbach stated in court filings that he became “seriously ill with chronic pelvic pain syndrome” in 2008, “curtailing his ability to restart and investment business, interview for employment with an investment firm or otherwise engage in meaningful business opportunities.”
Court documents show a hearing took place on Tuesday relating to the motion for a summary judgment on the question of discharging Feshbach’s IRS liabilities. The outcome of that hearing is at present not clear. The matter was previously set down for trial on August 20, 2013.
Feshbach has stated that he has not sought to evade his debts and engaged in “numerous attempts to work with the IRS prior to seeking bankruptcy.” Court documents filed on his behalf state that he paid the IRS $5.62 million in principal taxes due, interest and penalties since 1999.
The former hedge fund manager has described the Okyanos Heart Institute, set to be based in Freeport, Grand Bahama, as offering “a new option, standard of care and quality of life to patients with coronary artery disease (CAD), utilizing cell therapy technology from the growing field of stem cell therapeutics.”
According to information on the Okyanos Heart Institute website, Feshbach co-founded the facility with Manuel Vianna, who lists Feshbach’s now defunct hedge fund operation – MLF Investments – as a former place of work on his LinkedIn profile.
MLF Investments was liquidated in 2008, according to Reuters news agency, after it “suffered a reversal of fortunes”. Prior to founding MLF Investments, Feshbach, the article notes, had been “one of the most famed short-sellers of the 1980s” gaining “praise and vilification” for his strategy of betting on stock declines.
In a statement to Guardian Business on Tuesday, Okyanos spokesperson Erika Mansur had described how Okyanos Heart Institute intends to undertake a hiring drive should the Stem Cell Research Bill be passed by the government.
Mangrum said that construction of the facility would be completed by “the end of the year.” Late last night the Bill was still being debated in the House of Assembly.
Contacted for comment yesterday Mangrum said she would supply a statement to Guardian Business today on the issue of Feshbach’s court case.
July 18, 2013
Wednesday, July 17, 2013
Peter Nygard on Stem Cell Research and Therapy in The Bahamas
‘No personal interest in stem cell bill’
By Taneka Thompson
Guardian Senior Reporter
taneka@nasguard.com
Canadian fashion designer Peter Nygard yesterday said he has no self-serving interests in the government passing a law to govern stem cell research and therapy in The Bahamas.
Nygard said any advice Prime Minister Perry Christie has sought from him on stem cell research is due to his knowledge of the science and well-placed contacts within the international medical community.
Nygard, who said he uses stem cell therapy to slow the aging process, told reporters that the prime minister should be congratulated for advancing such “historic” legislation.
The Lyford Cay resident said he has given advice to numerous world leaders and helped set up laws in St. Kitts, the Turks and Caicos Islands and Panama.
Nygard said Christie approached him two years ago and asked his advice on possible opportunities for medical tourism in the country.
He said he told Christie that a stem cell research and therapy industry would make The Bahamas a world leader in the science.
“I said this will be a big coup for you if you could do it,” Nygard told reporters at his compound shortly after announcing his financial support of the upcoming Acklins regatta.
“I don’t know why anybody would paint that as doing it for me. I think he is doing for [Bahamian] people, for The Bahamas. If I can help and I will then that’s a whole different issue. There is nothing in it for me. This is not a money venture for me at all.
“There’s no promise to me. The promise that I made to him (Christie) is that I will do everything that I can to spur and bring like-minded people like myself to invest in this place to be the leading edge, to be the catalyst [to bring investments] here.”
On Friday, Christie confirmed that Nygard promised to bring experts in stem cell therapy and research to The Bahamas if the government passes legislation to govern the sector.
Christie said that Nygard approached him two years ago, while he was then leader of the opposition, and told him of his problems trying to find reputable stem cell treatment for his sick mother.
That ordeal prompted Nygard to pledge to bring top doctors and researchers in stem cell therapy to the country once there were laws in place, the prime minister said.
Two weeks ago, during the House of Assembly’s debate on a stem cell bill, Opposition Leader Dr. Hubert Minnis accused the government of “rushing” the law to appease Nygard.
However, this claim angered several government MPs who denied it.
Minnis said on Sunday the prime minister’s comments validated his concerns on the stem cell legislation.
“I was very shocked,” he told The Nassau Guardian. “What he (Christie) said is open for interpretation.”
Debate on the legislation is expected to resume when the House meets on Wednesday.
July 16, 2013


