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Bahama Islands News, Articles and Information
Anna Nicole Smith becomes election-season liability in Bahamas
NASSAU, Bahamas (AP) - Officials in the Bahamas are learning that the controversy that follows Anna Nicole Smith can be hazardous to their political careers.In this election season in the Bahamas, the government is having to defend its decision to grant her permanent residency.
Smith's quick path to Bahamian residency and the high priority given to an investigation into her son's mysterious death are eclipsing the economy and other issues in political debates. The island chain is preparing for general elections next year.
Smith moved to the Bahamas in July and gave birth to a baby girl in September with little public fanfare. That changed when her 20-year-old son, Daniel, died three days after the baby was born.
Allegations of special treatment surfaced after the head coroner scheduled an inquest three days after Daniel Smith's death, despite a backlog of requests for inquests into other deaths.
Pinnacle Entertainment Completes Acquisition of Harrah's Lake ...
LAS VEGAS- Pinnacle Entertainment, Inc. (NYSE: PNK) today announced it has completed its acquisition of certain Harrah's Entertainment, Inc. (NYSE: HET) entities that own Lake Charles gaming assets. The acquisition includes two casino boats and related gaming licenses, one of which would be utilized at Sugarcane Bay. The Company has filed a proposal with state gaming regulators to utilize the other in Baton Rouge, Louisiana. Concurrent with the purchase, Pinnacle completed the sale of certain of its Casino Magic Biloxi assets, including all of the real estate, to a subsidiary of Harrah's. In conjunction with these transactions, Harrah's received additional consideration of approximately $25 million from Pinnacle, as the negotiated price of the Lake Charles assets being acquired by Pinnacle was higher than the negotiated price of the Biloxi assets being sold.
Business briefs
Wall Street barreled higher Tuesday, with the Dow Jones industrials surging further into record territory after Federal Reserve Bank of St. Louis President William Poole indicated the Fed will maintain its policy of stable interest rates. The Dow rose 86.13, or 0.71 percent, to close at 12,218.01, above the previous record close of 12,176.54 reached last Wednesday. The Standard & Poor's 500 index rose 8.80, or 0.64 percent, to 1,393.22. The Nasdaq composite index rose 24.28, or 1.01 percent, to 2,430.66. .
Boat Show constant: Everything's bigger
Fort Lauderdale The boats at the Fort Lauderdale International Boat Show just keep on getting bigger, and it's not only the superyachts.The Fort Lauderdale show is known for having the most boats 80 feet and longer, which is the definition of a superyacht. At the 47th edition of the show, which opened Thursday at six sites and runs through Monday, I also found bigger versions of everything, including center consoles, the most popular type of offshore fishing boat in South Florida.
The luxurious superyachts get most of the attention at the show, and it's been that way since I covered my first Fort Lauderdale boat show in 1990. The difference now is that the sizes of the boats, and their price tags, have increased significantly.
Back in the good old days, you could get a really nice boat for $10 million.
Union boss Pat Bain, 62, dies
Former President of the Bahamas Hotel Catering and Allied Workers Union (BHCAWU), Pat Bain, died at the state-owned Princess Margaret Hospital around 2:30 a.m. Tuesday, after losing a battle with colon cancer.He was 62.
Mr Bain, a long time unionist, was also head of the National Congress of Trade Unions.
For more than 30 years, he fought for the rights of workers. Indeed, he will be remembered for providing important input when the most recent labor laws were drafted.
According to his labor colleagues, his death has left a "vacuum" in the movement.
Prime Minister Perry Christie hailed the fallen unionist as an outstanding trade union leader.
Under Mr Bain's leadership of the BHCAWU and NCTU, said Mr Christie, the laboring masses of the nation, and hotel workers in particular, made important advances.
Latest Cycling News for November 22, 2006
One of the unannounced and low-key visitors to the Sydney round of the UCI Track World Cup was none other than man-of-the-moment, cyclist, millionaire and cycling team sponsor, Oleg Tinkov.The Siberian was in Sydney en-route to Fiji for a holiday, apparently, and took time out to visit Dunc Gray Velodrome to catch some of the track racing action; in particular, riders such as Mikhail Ignatiev and Nikolei Trussov, who were both representing Russia (and are also riders in the Italy-based, Russia-registered Tinkoff Restaurants professional squad).
Tinkoff himself is not only a very successful businessman in Russia, he's also fit enough to race for his own team, as Sergey Kurdyukov revealed in this profile and interview in May this year. His regular training partners include Viatcheslav Ekimov, the legendary Russian cyclist who also wrote Tinkov's training program that helped the businessman shed almost 20kg's to get back to racing weight.