Monday, November 19, 2012

Monday, November 19, 2012

Photo depict Minister of Minister of Economic & SocialAffairs and Culture, Michelle Hooyboer-Winklaar receiv-ing Sinterklaas and his Zwarte Pieten at their arrival onAruba yesterday. See more coverage on pg 5

Oh Happy Day,Sinterklaas has

arrived on Aruba!

See story on pg 2

Attention motorist!Airport and Aruba Disaster

Bureau conducting “OperationGolf” tomorrow morning

GAZA CITY, PalestinianTerritories (AFP) - Israeliair strikes on Sunday killed23 Palestinians in the blood-iest day so far of its massiveair campaign on the GazaStrip, as diplomatic effortsto broker a truce intensified.

With Egypt at the centreof efforts to broker a cease-fire, Palestinian officialssaid it was possible a dealwould be reached "today ortomorrow."

But there was no letup inthe bloodshed in theHamas-run Gaza Strip, withmedics saying women andchildren accounted for 14 ofSunday's 23 killed, amongthem five babies and tod-dlers, in Israeli strikes fromthe air.

In the day's most lethalraid, at least nine membersof the same family -- five ofthem children -- wereamong 10 people killedwhen an Israeli missile de-stroyed a family home inGaza City, the health min-istry said.

At the scene, medics andbystanders all pitched in toremove the rubble to dig outthe bodies in the futile hopeof finding survivors, as peo-ple watched in shock, someweeping openly.

The latest violence hikedthe Palestinian casualty tollto 69 dead and more than600 injured in almost 100hours of raids, while threeIsraelis have been killed andmore than 50 injured byrocket fire since Wednes-day.

With Israel warning itcould further escalate its op-erations in Gaza, US Presi-dent Barack Obama onSunday said it was "prefer-able" for the Gaza crisis tobe resolved without a"ramping up" of Israeli mil-itary activity.

Continue on pg 6

Israel threatensGaza astruce effortsintensify

2 Monday, November 19, 2012

Last week the Department ofEducation issued a bulletininforming students who wantto study at the PedagogicalInstitute of Aruba (IPA), thatthey too can apply for a gov-ernment study loan to studyto become school teachers.

Study loan amount tostudy at IPA:

A student who applies forthe Aruba Study Loan tostudy at IPA, who has com-plied with all the require-ments, will receive themaximum sum ofAfls.72.000. The student willreceive this amount in differ-ent increments. They will re-ceive Alfs.12.000 per year intwo increments of Afls.6.000each.

The student may also re-ceive Afls.3.000 for the pur-chase of a computer. Thisamount is a part of the maxi-mum sum of Afls.72.000,which may be received justonce. The Department alertsstudents that the loan amountmay not cover all study ex-penses. The student will beresponsible to cover anyother expenses.

Payment of the studyloan

The study loan for IPA isinterest free, hence no inter-est is added to the totalamount.

A student who completeshis education at IPA success-fully, and has worked in edu-cation on Aruba for fiveconsecutive years immedi-ately following graduation,may qualify for dispensationof the study loan amount.

During the 5 years the stu-dent will be required to com-ply with his obligation torepay the loan. If the studentcomplies with all conditionsand qualifies for the dispen-sation, the amount paid dur-ing the 5 years will berestituted.

Application for study

loan:The Department of Educa-

tion has issued an invitationto all those interested in be-ginning an educational studywith financing from the gov-ernment (the Aruba studyloan) for academic year2013/2014 to apply for nolater than December 7th,2012.

To apply for the Arubastudy loan the student needsto make use of the applica-tion form for Aruba/Regionwhich can be downloadedfrom the website of the De-partment of Education at:www.ea.aw. On the website

you can also download theAruba/Region brochure withmore information on the pro-cedure, conditions and theloan amounts, study durationand payments of the loan.

The application must besubmitted to the “Studiefa-ciliteiten” section of the De-partment of Education,located on the second floor ofthe Codemsa Building atCumana 69. You may alsocall them by telephone 588-7600 or make contact viaemail at: [email protected].

Facebook:The Department of Educa-

tion is also on Facebook.

Department of Education reportson study loans for IPA

The Reina Beatrix Interna-tional Airport will be a bee-hive of activity tomorrowmorning as the Aruba AirportAuthority (AAA) and allagencies under the supervi-sion of the Aruba DisasterBureau conduct a full-scaleemergency exercise called“Operation Golf.”

The two-hour simulatedmass trauma of a major plancrash is the culmination ofdays of training with police,fire department, airport per-sonnel, social services andemergency health services,included the Aruba Chapterof the Red Cross. Director ofthe Aruba Disaster Bureau,Jaime Donata and OperationsManager of the AAA, JurgenBenschop, welcomed threeexperts from Holland for thetraining sessions taking placeat the Marriott Resort andFire Department headquar-ters since Thursday.

Will Brands of the Bra-bant Fire Department, Janvan Kimmenade of theNetherlands Institute andMarc van Akan, from RAVBrabant, have participated inprevious exercises conductedby the Aruba airport, whichare a required bi-annual eventto maintain their standard ofsafety certification.

Tomorrow’s exercise willtake place between 8:30 and10:30 AM, closing the roadfronting the airport. A fullmass trauma simulation willinvolve procedures for thefire department and airportpersonal, as well as emer-gency care for the “injured,”with some being transportedby ambulance to the “hospi-tal.” For the purpose of theexercise, this will be theabandoned John F. KennedySchool adjacent to the PlazaLas Americas rotunda at theeast end of Oranjestad.

Social Service personnelwill also be handling thosenot physically injured, butdemonstrating trauma syn-drome. Every governmentagency on call under the su-pervision of the Aruba Disas-ter Bureau during any sort ofemergency situation will bedeployed during this exer-cise.

The public is welcome toobserve from a distance, butis asked not to block the roadfor emergency vehicles, suchas the ambulances, whichwill be taking part in the ex-ercise. They are also warnedto find alternative routes towork tomorrow morning.

By Rosalie Klein

Airport and Aruba DisasterBureau conducting “Operation

Golf” tomorrow morning

Monday, November 19, 2012 3

Since opening in 2006, PaseoHerencia Mall has added anew tradition to the holiday

season, theirannual treelighting cer-emony. Fri-day evening,November16, the com-munity gath-ered in thePlaza Padu toenjoy the cere-mony, accom-panied byseason musicfrom Las Uni-cas Gaita Band

and dance group Curazon deVenezuela.

The annual lighting cere-

mony marks the commence-ment of weeks of special ac-tivities at the mall, includingspecial shopping nights withsidewalk sales and bargainsgalore. Paseo Herencia offersone of the most diverse col-lections of shops with moder-ately priced clothing and giftsfor all the family. Fine and

costume jewelry, designerclothing and accessories formen, women and children ,scents and skin care for allages as well as electronic toysfor kids from six to sixty, areall found within the mall’scorridors and byways.

Evening events often in-clude special deals from oneor several of the mall’s finerestaurants. Shoppers canenjoy doing their holiday gifthunt and dinner in most con-genial surroundings.

The Plaza Padu will behosting many more fun activ-ities both night and day for the

community. Coming up soon,a visit from Sinterklaas withgifts for all good children!

By Rosalie Klein

Paseo Herencia puts on their holiday dress

For info call: 5875010 Email:

[email protected]:

www.laquintaaruba.net

Time Share

for SALE

All ages enjoy the holiday setting Gaita group Las Unicas entertains

Paseo in Holiday Dress


Aruba has an elegant newnight spot in the heart ofPalm Beach, the stylish Sand-bar Lounge. An extension ofthe Brickell Bay Beach Cluband Spa, it connects to theirbeautiful pool deck, provid-ing a glamorous expansionand stand alone venue.

Brickell Bay Beach Clubowner Mike Posner joinedhis son Wally, Sandbar’sowner and Director of Brick-ell Bay along with thelounge’s managers in wel-coming island dignitaries andmedia for a fashionable open-ing night on Saturday, No-vember 16.

“This is a place for a tastefulcrowd who will most definitelyenjoy the relaxed ambiance,”commented Juan. “We will main-tain a strict 21 and over age re-quirement, providing the sort ofvenue they have long been seek-ing.”

The spacious open airlounge sports a huge centralbar with plasma screens atevery angle. Expansivelounging areas have comfycouches and surround a cen-tralized stage where livebands will be featured onweekends. It is flanked by anarcade of stylish shops offer-ing fashionable resort wear, arealtor, mini market and thelargest collection of hookahsto be found on Aruba. Ahookah with a specialty to-bacco can be arranged toenjoy while sipping a moder-ately priced martini. An areato the side of the main loungeis dedicated to the latestsports craze, beach tennis.

Aruba’s Minister of PublicHealth and Sports, Dr.Richard Visser, was proud tobe called to the stage byWally Posner to officially cutthe ribbon and propose achampagne toast. Wally ex-pressed his thanks to Juanand the entire Sandbar stafffor their unceasing efforts inseeing the lounge completedfor the opening party. Theceremony ended with a flam-

ing finish and a thrillingdemonstration of dancemagic by the Pachanga

Dance Academy. Sandbar will be both a day

and night spot, seven days aweek, open from 11:00 AM

until 1:00 AM. The kitchenwill provide favorite fingerfoods with a gourmet twist,

the perfect accompaniment tothe exotic concoctions fromthe bar.

By Rosalie Klein

Stylish Sandbar opens in Palm Beach

Minister Visser (R) cuts the ribbon in presence of Sand-

bar’s owner and Director of Brickell Bay Wally Posner

Day Manager Willeca

Elegant Main Bar

Happy Bartenders Joshua and Mario ready to serve you

Largest selection of hookahs on Aruba

From L to R: GM Juan Keyter, Mike Posner, and Patrick

Melchiors


The beloved tradition of wel-coming Sinterklaas and hisZwarte Pieten to Aruba wasjoyfully observed by thou-sands of island parents andchildren yesterday morning.The venerated figure, regal inhis red and white robes, was

personally greeted at theAruba Port by Minister ofEconomic & Social Affairsand Culture, Michelle Hooy-boer-Winklaar, who was justas thrilled as all the young-sters to again escort Sinterk-laas to shore.

Sinterklaas and his crewof merry Moorish pranksterswill be here until his feast dayof December 6, bringing toysand fun for all good little

boys and girls. Minister Hooyboer-Win-

klaar expressed that shehopes that each and everyAruban child’s name is in the

book of Sinterklaas so theycan all receive gifts.

Oh Happy Day, Sinterklaas has arrived on Aruba!


In Cairo, senior Hamas offi-cials said Egyptian-mediatedtalks with Israel to end thebloodshed were "positive"but now focused on the pos-sible stumbling block ofguaranteeing the terms of atruce.

An outcome acceptable toHamas would involve assur-ances about the UnitedStates, Israel's main backer,being the "guaranteeingparty," one official said oncondition of anonymity.

Security officials in Cairosaid an Israeli envoy also ar-rived in the Egyptian capitalon Sunday for the talks.

Egypt's President Mo-hamed Morsi, meanwhile,met with both Hamas chiefKhaled Meshaal and IslamicJihad chief Abdullah Shalahto discuss "Egyptian effortsto end the aggression," his of-

fice said without giving de-tails.

But Israel's Foreign Min-ister Avigdor Lieberman in-sisted that "the first andabsolute condition for a truceis stopping all fire fromGaza," and that all armedgroups would have to com-mit to it.

Earlier, Prime MinisterBenjamin Netanyahu warnedthat Israel was ready to "sig-nificantly expand" its opera-tion, ahead of talks withFrench Foreign MinisterLaurent Fabius, on a whirl-wind truce tour of the region.

"The army is prepared tosignificantly expand the op-eration," Netanyahu said atthe weekly cabinet meeting,expressing appreciation forwhat he said was world lead-ers' "understanding of Israel'sright to self-defence."

Fabius later said his coun-try was willing to help brokera truce. "War is not an option,it is never an option ...Thereare two key words: urgencyand ceasefire," he told jour-nalists in Tel Aviv.

The military defended thestrike, saying it had targetedHamas operational commu-nications and sought to min-imise civilian casualties.

Amid the truce efforts,British Foreign SecretaryWilliam Hague said "aground invasion of Gazawould lose Israel a lot of theinternational support andsympathy that they have inthis situation."

But senior Israeli cabinetminister Moshe Yaalon de-nied Israel was under anypressure from Western alliesto agree to a ceasefire. "Wedon't feel like we're underpressure," he said.

Israel threatens Gaza as truceefforts intensify Continue from pg 1

Bogota (AFP) - Colombiangovernment negotiators leftfor Havana Sunday, headingto peace talks with leftistFARC rebels aimed at endingLatin America's longest-run-ning insurgency.

Rebel delegates, includingTanja Nijmeijer, a Dutchwoman who fights alongsidethe FARC rebels, are alreadyin Cuba awaiting talks de-layed since Thursday over alack of clarity over the role ofcivilian representatives.

"This will be a rapid andeffective process. A processof months, not years," leadgovernment negotiator Hum-berto de la Calle told re-

porters in Bogota beforeboarding the plane for Ha-vana.

Latin America's largestrebel group, founded in 1964and with 9,200 armed fight-ers now, FARC -- the Revo-lutionary Armed Forces ofColombia -- may be ready fora truce after a long string ofsetbacks.

De la Calle said he be-lieved this was "the definingmoment" for Colombianpeace efforts as both sideshad agreed that discussions,now set to start on Monday,"must end with a final agree-ment on the conflict."

Negotiators head to Cuba forColombia peace talks

International news

Palestinian rescue workers carry the bodies of two dead children into the hospital in

Gaza City


WASHINGTON (AFP) - Thetop Democrat in the House ofRepresentatives expressedhope Sunday that US law-makers will reach a deal bymid-December to avoid thefiscal cliff but stood firm ontax rises for the rich.

In an interview with ABCtelevision's "This Week,"Nancy Pelosi said she wouldnot accept an agreement thatkeeps tax rates for thewealthy unchanged, as theRepublicans in Congress aredemanding.

President Barack Obama"made it very clear in hiscampaign that there are notenough resources," Pelosisaid in the interview airedSunday.

"Just to close loopholes isfar too little money.... If it'sgoing to bring in revenue, thepresident has been very clearthat the higher income peoplehave to pay their fair share."

The fiscal cliff is a poison-pill law agreed by Republi-cans and Democrats inAugust 2011 that would see$600 billion worth of auto-matic budget cuts and expir-ing tax cuts come into forceon January 1, likely throwingthe world's biggest economyback into recession.

After meeting with Obama

at the White House followinghis November 6 re-election,congressional leaders are try-ing to hammer out a deal onlong-term deficit reductionthat includes both higher rev-enues and spending cuts.

House Speaker JohnBoehner has indicated thathis fellow Republicans, whohold a majority in the lowerchamber, would accept somerevenue increases so long asthey are coupled with "signif-icant" spending cuts.

Boehner sits atop a restivecoalition of ultra-conserva-tive Republican lawmakersand faces a tough sell in anydeal that eventually includesany kind of tax hikes -- or"increased revenues" in gov-ernment parlance.

Pelosi said negotiators inCongress were hard at workto avert the looming fiscaldisaster.

"The spirit at the table wasone of 'everybody wants tomake the best effort to getthis done,'" she said.

"Hopefully that is possi-ble; hopefully it is possibleby the middle of Decemberso the confidence of the mar-kets, and most importantlythe confidence of the con-sumers, returns to infuse oureconomy with demand,which creates jobs."

Pelosi confident USwill avert fiscal cliff

BANGKOK (AFP) - USPresident Barack Obama saidhis historic trip to Myanmaron Monday would recogniseand prod reform, but warnedno one should harbour illu-sions that the long isolatedstate had done enough tochange.

Obama will be the first sit-ting US president to visitMyanmar, when Air ForceOne touches down in Yan-gon, and hopes to emboldenPresident Thein Sein todeepen the country's startlingmarch out of decades of iron-fisted military rule.

"This is not an endorse-ment of the Burmese govern-ment, this is anacknowledgement that thereis a process under way insidethat country that even a yearand a half, two years ago, no-body foresaw," Obama said.

The visit to Myanmar isthe landmark centrepiece ofObama's fifth regional trip aspresident, and his first since

re-election, and represents hislatest bid to anchor US for-eign policy in dynamic, risingAsia.

In a symbolic illustrationof how far Myanmar hascome, the US leader willstand side-by-side withdemocracy icon Aung SanSuu Kyi at the lakeside villawhere she languished foryears under house arrest dur-ing junta rule.

He will also hold his debutmeeting with Thein Sein andaddress the people of Myan-mar from the mothballedYangon University, wherestudents so often were thespark for anti-junta unrestthat they were exiled to thesuburbs.

But he has faced accusa-tions from some humanrights groups that his visit tothe former pariah nation iscoming too soon, especiallyas the Rohingya Muslim mi-nority faces repression in thewestern state of Rakhine.

Obama calls for moreMyanmar reform onAsian tour

MUMBAI (AFP) - Hundredsof thousands of mourners onSunday attended the publiccremation in Mumbai of BalThackeray, chief of the Hindunationalist Shiv Sena partyand one of India's most divi-sive politicians.

Thackeray, who called hisfollowers "Hindu warriors"and was widely accused ofstoking ethnic and religiousviolence, died aged 86 onSaturday, triggering a virtualshutdown of the city.

Huge crowds lined theroute to catch a final glimpse

of Thackeray, still wearinghis trademark sunglasses, ashis body was driven slowly toa park in central Mumbaiwhere heaving masses hadgathered throughout the day.

Police were out in forcefollowing the death of apolitician whose party has areputation for intimidationand unrest, though no troublewas reported.

Thackeray was accused byan official probe of incitingviolence against Muslims inriots that claimed more than1,000 lives in Mumbai in the

1990s, although he was nevercharged.

He won devotion from hisHindu working-class follow-ers, who showered his hearsewith flowers as it travelled tothe pyre erected in ShivajiPark, arriving several hourslate due to the vast turn-out.

"He got a fitting last jour-ney, among his people andwith a gunfire salute. For 100years, Maharashtra (state) willnot find another leader likehim," said shopkeeper ArvindGhote as the cremation wasbroadcast live on television.

India bids farewell to firebrand Hindu leader Thackeray

"A child is the result of a manand a woman's orgasm."

Some 70,000 people joinedthe Paris rally, police said --though organisers put the fig-ure at 200,000 -- with morethan 30,000 others holdingsimilar protests in townsaround the country.

as "Pro-marriage, not anti-gay"and "Long live the true fam-ily". A Roman Catholic hu-morist who goes by the nameof "Frigide Barjot" opened theParis protest.

"We are born from a manand a woman," she told thecrowd through a megaphone.

shirts and carrying pink bal-loons with the image of a manand woman holding two chil-dren's hands, demonstratorsmarched against reformsplanned by the socialist gov-ernment.

They marched under ban-ners that carried slogans such

PARIS (AFP) - More than100,000 people turned out onweek-end across France forrallies against governmentplans to approve same-sexmarriage and adoption, as po-lice clashed with counter-demonstrators in one city.

Wearing pink scarves and T-

More than 100,000 march against gay marriagein France


Health & Living

“Access to sanitation facili-ties around the world, morethan any other service, pro-vides a window into the vastdifference between the ‘haves’and the ‘have-nots’,” she said,pointing out that not having atoilet was almost exclusivelythe burden of the poor.

Only one in three peopleworldwide have access to suit-able toilet facilities, whilemore than one billion peoplestill defecate in the open, deAlbuquerque said.

Lacking sanitation not onlymade poor people sick; it alsoshrank their already limitedpossibilities by forcing them tostay away from school andwork, she pointed out.

Each year, children miss atotal of 272 million schooldays due to water-borne orsanitation-related diseases, ac-cording to the UN.

People forced to look for aplace to hide to "do their busi-ness" also often fell victim toviolence, she said.

In her latest report to the UNGeneral Assembly, de Albu-querque calls for the elimina-tion of inequalities in access towater and sanitation.

"This is not only about en-suring the right to sanitation,but it is also critical for the en-joyment of numerous otherrights, such as the right tohealth, the right to education,the right to work and the rightto lead a life in dignity," shesaid.

GENEVA (AFP) - Improvingsanitation and building moretoilets could save millions oflives around the world andwould remove an importantsource of inequality, the UNsaid ahead of World ToiletDay.

“Eliminating inequalitiescan start in the most unlikelyof places: a toilet,” said Cata-rina de Albuquerque, theUnited Nations Special Rap-porteur on the human right tosafe drinking water and sanita-tion.

More than 2.7 million peo-ple die each year due to lack-ing sanitation, and most ofthem are under five years ofage, the UN expert told re-porters in Geneva.

Poor sanitation kills2.7 mn people ayear: UN

small Kabul classroom with ahandful of women learning toread and write, 18-year-oldMuzhgan Nazari said the Tal-iban, who banned schoolingfor girls during their rule, werein power when she shouldhave started her education.

"I could not go to school be-cause the Taliban took controlof Kabul city," she told AFP,adding that her father had alsoopposed his daughters attend-ing school.

"Since I heard about this lit-eracy training centre forwomen, I convinced my fatherand he allowed me to attend ona daily basis," she said.

Nazari is delighted with theprogramme, which is beingrolled out by a commercialprovider and the ministry ofeducation with financial back-ing from the United States.


SYDNEY (AFP) - Australianpolice searching for a 7-year-old girl feared taken by a croc-odile Saturday said findingwhat appeared to be human re-mains inside a three-metre rep-tile was a "heartbreaking"development.

An extensive search began atfirst light for the girl who waslast seen swimming at the nat-ural pool at an outstation about340 kilometres (210 miles) eastof the city of Darwin on Fridayafternoon.

The girl was swimming withother children and an adult atthe time.

"Witnesses have told policethat a crocodile attacked themale adult before pulling thegirl under water," Senior Ser-geant Shaun Gill said.

Police searching the water-hole shot dead a three-metre

crocodile at the Gumarrirng-bang Outstation on Saturdayand an examination of the ani-mal revealed what are believedto be human remains in itsstomach.

"Further forensic testing willbe conducted in Darwin to deter-mine if the remains are humanand if found human, the identityof the person," said Gill.

An earlier search by policeand volunteers on Friday failedto find the child and extra po-lice were flown to the remotearea about 100 kilometres fromthe Aboriginal community ofManingrida.

Saltwater crocodiles, whichcan grow up to seven metres(23 feet) long and weigh morethan a tonne, are a common fea-ture of Australia's tropicalnorth.

They have been protectedsince the 1970s and their num-bers have increased steadilysince, along with the number ofhuman encounters.

Crocodiles were reportedlynot thought to be present in thearea where the girl went miss-ing, and locals had presumedthe pool to be safe for swim-ming.

But Northern Territory Po-lice urged residents and visitorsnot to become complacentabout the predatory reptiles,warning "croc danger is real"

Girl, seven, feared takenby crocodile in Australia

Sci-Tech

KABUL (AFP) - Afghanistanhas launched a new literacyprogramme that enablesAfghan women deprived of abasic education during decadesof war to learn to read andwrite using a mobile phone.

The phone is called UstadMobile (Mobile Teacher) andprovides national curriculum

courses in both national lan-guages, Dari and Pashto, aswell as mathematics.

All the lessons are audio-video with writing, pronunci-ation and phrases installed inUstad Mobile phones -- andthey are distributed free to stu-dents.

Sitting on a carpet in a

Afghan women learn literacy throughmobile phones


NOV 17 - NOV 24

O’stad : ‘ Botica Dakota ’ - S.N. ‘ Botica ALOE ’

FREE Coverage on our website:

www.themorningnewsaruba.com


SATURDAY’S

Crossword Answer

GENEVA (AFP) - Financialregulators on Sunday issueda series of recommendationsto regulate the non-bank or"shadow" financial sector,which was estimated to beworth $67 trillion (52.5 tril-lion euros) in 2011.

The sector includes hedgefunds and finance companiesor securities entities that pro-vide credit or credit guaran-tees without being regulatedlike a bank.

Following the 2008-2009financial crisis, in which thecollapse of internationalbanks threatened to bringdown entire economies, thesize and systemic risk of thelittle-regulated shadow sectorhas also come under scrutiny.

G20 countries in 2011therefore decided to boostoversight and regulation ofthe sector, which has grownby between $5 trillion and $6trillion from 2010 to 2011

and is nowequivalent toabout half of thebanking system'sassets.

On Sunday,international reg-ulatory body theFinancial Stabil-ity Board (FSB)issued recom-mendations in-cluding imposing

minimum standards onmethodologies used on certaincalculations and carrying outreviews on reporting require-ments for fund managers.

Pointing out that certainfunds may use leverage toboost their returns, the FSBsaid authorities may also im-pose limits on the leverageused or require them to main-

tain sufficient liquid assets asbuffers in case their bets goawry.

The FSB said it is "of theview that the authorities' ap-proach to shadow bankinghas to be a targeted one".

"The objective is to ensurethat shadow banking is sub-ject to appropriate oversightand regulation to addressbank-like risks to financialstability emerging outside theregular banking system whilenot inhibiting sustainablenon-bank financing modelsthat do not pose such risks,"it said.

It added that a "resilient"shadow banking sector"would be welcomed".

The recommendations areopen for consultation untilJanuary 14, 2013, with finalrecommendations to be pub-lished next September.

The US has the world'sbiggest shadow banking sys-tem, with assets of $23 tril-lion in 2011. It is followed bythe eurozone with $22 trillionand Britain with $9 trillion.

In some economies, thesector is several times thesize of the jurisdiction's grossdomestic product. In HongKong the sector is estimatedat 520 percent of output, inthe Netherlands at 490 per-cent and Britain at 370 per-cent.

Regulators moot rules on $67-tn shadowbanking sector

BEIJING (AFP) - JaguarLand Rover (JLR) andChina's Chery Automobilesaid Sunday they laid thefoundation stone for a joint-venture plant in China tobuild JLR vehicles and newmodels in the world's biggestauto market.

The companies, which re-cently got approval from Chi-nese authorities for theventure, can now speed upwork on the factory in theeastern city of Changshu nearShanghai, JLR said in a state-ment.

The companies' 10.9 bil-

lion yuan ($1.73 billion) in-vestment also includes an en-gine manufacturing plant anda research and developmentcentre.

The 50/50 joint venturewill also create a new brand tomanufacture models "tailoredspecifically for the Chinesemarket", the statement said.

Jaguar Land Rover, ownedby India's Tata Motors, andChery plan to complete theChangshu plant sometime in2014. The name of the part-nership -- Chery Jaguar LandRover Automotive Co -- wasannounced Sunday.

Jaguar Land Rover, Chery layfoundation for China plant

U.S.A.

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(per 10,000)

USD

ANG

CAD

GBP

CHF

EUR

SEK

DKK

NOK

JPY

1.77

98.00

1.76

2.76

188.33

224.94

25.26

29.47

29.84

217.46

1.78

100.00

1.78

2.81

189.05

226.99

25.98

30.19

30.56

219.45

1.80

100.20

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221.65

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And the public has joined inwith tens of thousands turningout for giant flashmob per-formances of Psy's horse-rid-ing dance in cities like Parisand Rome.

While many believe Gang-nam Style will ultimatelyprove to be a one-hit wonder,the song has shown surprisingstaying power and an unlikelyability to penetrate interna-tional corridors of power.

UN Secretary General BanKi-moon called it a force forworld peace. On the morningof the US presidential election,Barack Obama told a localradio station that he was confi-dent he could match Psy'sdance moves.

British Prime MinisterDavid Cameron and LondonMayor Boris Johnson per-formed a joint Gangnam Styledance spectacular for theirwives in September during aprivate gathering in the pre-mier's country retreat Che-quers.

Johnson went on to refer-ence the event in his keynotespeech to the ruling conserva-tive party's annual conference.

Earlier this month, the 34-year-old rapper was invited tofollow the likes of Ronald Rea-gan and the Dalai Lama in ad-dressing the 189-year-oldOxford Union club at OxfordUniversity.

LOS ANGELES (AFP) - Lindsay Lohan has earned decid-edly mixed reviews for her latest role -- her bid to turn apage on legal troubles -- with one critic calling her turnas Elizabeth Taylor "spectacularly bad." The respectedHollywood Reporter pulled no punches in its review ofTV movie "Liz and Dick," about the film legend's stormyrelationship with actor Richard Burton, Lohan's first proj-ect since a string of court appearances.The 26-year-oldactress -- who was barred earlier this year from Holly-wood's storied Chateau Marmont, where she stayedwhile filming "Liz and Dick" -- has been trying to rebuildher life after a series of run-ins with the law. After a prom-ising career as a child star in "The Parent Trap" and"Freaky Friday," she has become more famous for drugproblems that have led to several prison stays.


Lindsay Lohan panned forTaylor-Burton TV flick

SEOUL (AFP) - PresidentObama, the mayor of London,China's top dissident artist andMadonna -- every time some-one signals the death of"Gangnam Style" up pops an-other high-profile figure tokeep the phenomenon alive.

In the four months since themusic video by South Koreanrapper Psy went viral onYouTube, it has been name-checked and imitated by animpressive roster of global no-tables from world leaders tosports stars and business ty-coons.

The staying power of 'Gangnam Style'

BERLIN (AFP) - "Rocky - The Musical", the song-and-dance version of the iconic movie boxer's rise to theworld title, hits the stage in Germany Sunday with bothreigning champion Wladimir Klitschko and Hollywoodheavyweight Sylvester Stallone in its corner. Klitschko,the undisputed world heavyweight champion, and Stal-lone, who wrote the screenplay and starred in the 1976hit movie, both lent their support to the staging, whichwill have its world premiere in Hamburg, northern Ger-many. Although the musical is in German, Vienna-basedAmerican actor Drew Sarich plays the lead role in thestory of the club fighter who rises to defeat fictionalworld champion Apollo Creed. Stallone was part of thecasting process and opted for Sarich, who has punchedhis weight in lead roles in German before, while Dutchactress Wietske van Tongeren plays the role of Rocky'sshy wife Adrian.

On November 18, 1928, Walt Disney's first sound-syn-chronized animated cartoon, "Steamboat Willie" starringMickey Mouse, premiered at the Colony Theater in NewYork. Walt Disney provided the squeaks for Mickey. Itwas the third Mickey Mouse cartoon. The date of the re-lease is considered the birthday of Mickey Mouse.

Happy 84th Birthday,Mickey Mouse!

Rocky the Musical premieres

quiche made with only freshvegetables, and sandwiches oncrusty bread they prepare intheir own bakery. Indulge inthe soup of the day for a heartysampling of authentic Arubancooking.

Opened Monday throughSaturday from 9:30 AMuntil 7:00 PM; it is a mustdo while in Oranjestad for arefreshing treat, with theemphasis on FRESH!

The idea of a sweettreat being good for

you is contrary toeverything weare being toldtoday, butMilly did herhomework be-fore establish-

ing her gelatoand sorbetto

factory on thesecond floor. Her

recipes come from a re-spected gelato house inItaly, where they have beenproducing the refreshing,low or no fat product sincethe 1800’s. She continuesthe tradition of using onlyfresh fruit juices and naturalextracts to as flavoring.

There are absolutely noartificial colorants orpreservatives in the gelatoand sorbetto, which is pro-duced fresh daily; leftoversat the end of the day are do-nated to children’s homesCasa Cuna or Imeldahoff.

No foray to Oranjestad iscomplete without a stop to re-fresh and refuel at LeccaLecca, the stylish “GelatoShoppe” located right in themain bus terminal. Thisadorable eatery sports a menuthat reflects the passion of itsowner, Milly Lacle, for“healthy, natural foods, for ahealthy body.”

pasteurizes the milkin their factory, to besure there are nochemicals used in theprocess. The endproduct is whippedlight and fluffy natu-rally, producing a sat-isfying treatdrastically lower in

fat, sugar and calo-ries than traditionalice cream.

Unique flavorsfound nowhere else area revelation. For a de-lightful surprise and purerefreshment, sample thegrapefruit, passion fruit orcarrot sorbetto; the rich,dark, suger-free chocolategelato is absolutely sinful,without the guilty con-science! They also have aunique collection of yogurtgelatos swirled with freshfruit sorbetto in delightfulcombinations.

Lecca Lecca offers an at-tractive lunch menu including

They have over 60 flavors ontheir roster with 18 availableat the shop each day, includ-ing at least one sugar-free andone-gluten free for those withspecial dietary needs. All thegelato is made from organicmilk flown in from Italy,guaranteed free of steroidsand antibiotics. Lecca Lecca

purchasing property; not theleast is the future value of theinvestment. To further en-hance this, Gold Coast man-agement have inaugurated anumber of in-house servicesand have recently become af-filiated Interval International,the world’s largest network ofvacation ownership propertieswhich provides an unlimitedinternational pool of investorsto tap for ownership and rentalprospects. Property exchangefor a vacation in another desti-nation is also availablethrough the Interval Interna-tional affiliation. Gold Coast’sown rental services have alsoproven highly successful in as-sisting owners in renting theirvillas; 24-hour security andmaintenance services also tipthe scales when it is time tomake a decision. Aside fromall this, housekeeping, childcare, catering services , carrental through its partnershipwith AVIS car rental are alsoavailable as well as pre-shop-ping services so cupboardsand refrigerators are stockedupon arrival, which can alsobe arranged through theirproperty management depart-ment. Personnel are also avail-able to assist in arrangingrestaurant reservations and is-land activities.

Visit their website: www.goldcoastaruba.com formore details and availabilityor call 586-2200 to arrange apersonal tour.

appreciation on their invest-ment, particularly those takingadvantage of the on site man-agement’s rental services pro-gram. There is always a greatdemand for Aruba and facili-ties such as those at GoldCoast, make it easy for someowners to see a valuable returnon their investment.

The design of the resi-dences and public areas isopen, airy and spacious, takingfull advantage of the island en-vironment, with quality con-struction and finishingavailable. Partnering with two

of Aruba’s top providers ofkitchens and bathrooms en-ables developers to offer cus-tom options allowing buyersto individualize their homes.An elegant and chic furniturepackage is available or islanddesigners will assist owners infinishing the décor to theirspecific tastes.

There are many aspects to


Healthy, tasty treats on the menu at Lecca Lecca

Favorities and unique fla-

vors like grapefruit and

lemon mint

Fresh vegetable quiche

Tutti frutti a blend of fresh

exotic fruits

countless island visitors to findout what they would reallywant in a permanent residenceon Aruba, and took fromthere.”

Input from frequent vaca-tioners who have dreamed oftheir own home in Aruba con-tributed to the realization ofGold Coast Aruba which whencomplete will be a communityof 260 town homes, villas andcondominiums with a stunningclubhouse complemented bytwo additional communitypool areas , The Clubhouse isabout to start construction and

will offer to the communityhomeowners and visitors 2tennis courts, full service spaand fitness center as well as astunning pool area and is ex-pected to be complete by early2013. It will also house arestaurant and mini-market.

Owners who purchasedupon the groundbreaking onlya few short years ago, are al-ready enjoying a nearly 50%

real estate investment onAruba. They really study thehistory and economy of the is-land and are impressed withthe political stability and con-tinually increasing value ofprime locations. Gold Coast isin the heart of Malmok, con-sidered Aruba’s most exclu-sive community where thevalue of properties has only in-creased over time. It is onlyminutes to the best beachesand all the action, and yet of-fers a quiet and secluded get-away; we are very pleased bythe response to our concept.”

Fito, with his sister Mayrinand brother Rudy operate CasBon, which has been con-structing homes and buildingdevelopments for all budgetsfor nearly twenty years. “GoldCoast Aruba is the jewel in ourcrown,” observes Fito. “Wewere very excited about thisproject and the scope of actualand planned facilities andamenities. We have spoken to

Management of Gold CoastAruba, the island’s newest andmost innovative gated com-munity, reports that sales havebeen very good and encourag-ing as the global economy re-covers and people looking topurchase vacation homes havefound that Gold Coast is anoutstanding investment value.Director of Sales, Fito Croeshas noticed a surprising per-centage of owners in reality donot spend a great amount oftime personally to use the vil-las or town homes they pur-chase, but are takingadvantage of Gold Coast’srental services to turn their in-vestment into ready income.

“The greater portion ofhome owners are using their“home away from home” inAruba to escape the wintermonths, or spend holidayswith the family on the island,”he remarked, “but I am grati-fied by how many are buyingbecause they felt secure with

Gold Coast Aruba: This is the time to invest

too fast for him," said Viloria,who had won the WBO titlewith a victory over Julio CesarMiranda in July 2011.

Viloria, coming off a tech-nical knockout victory overMexico's Omar Romero in the

Philippines on May 13,stretched his winning streak tosix fights since a defeat to Car-los Tamara in 2010.

He took his record to 32-3with 19 wins inside the dis-tance, while Marquez fell to34-3 with 25 knockouts.

In an action-packed bout onthe undercard, Nicaragua'sRoman Gonzalez retained hisWBA light flyweight title witha 12-round unanimous deci-sion over Juan FranciscoEstrada.

Gonzalez remained un-beaten, taking his record to 34-0 with 28 knockouts.

Mexico's Estrada fell to 21-2 with 18 knockouts.

With the win, Gonzalez mayhave given himself a chance tostep up in weight and take onViloria.

While in Atlantic City, New

Jersey UnbeatenAdrien Bronerbattered Antonio DeMarco onthe way to an eighth-roundtechnical knockout to seize theMexican's World BoxingCouncil lightweight title.

DeMarco had no answer forBroner's power and speed. TheUS challenger, a former WorldBoxing Organization superfeatherweight champion, tookcharge from the opening belland finally sent DeMarcosprawling to his knees with acompact right to the body fol-lowed by a swinging left in theeighth.


SPORTS

NOTTINGHAM, United Kingdom (AFP) - Carl Froch madea successful first defence of his International BoxingFederation (IBF) super-middleweight title with a thirdround knockout of Yusaf Mack in Nottingham, centralEngland, on Saturday. The British champion is now ex-pected to move on to a rematch with Canada-based Ro-manian Lucian Bute -- whom he overpowered in fiverounds to win the IBF belt in May -- after another impres-sive demolition job in his home city. Froch, 35, improvedhis professional record to 30 wins -- 22 by stoppage --with two defeats on points by Mikkel Kessler, of Den-mark, and Mack's fellow American Andre Ward. Satur-day's bout saw Mack suffer his fifth stoppage defeat in38 contests. The 32-year-old Mack could not live withFroch, who floored him in the first round and from thenan early finish always seemed inevitable. It was a onesided contest that Froch, who is in his third stint as aworld champion, looked destined to win on a stoppageright from the early moments. Afterwards Eddie Hearn,Froch's promoter, spoke of a rematch with Bute, possiblyin Montreal on March 30. Froch also hopes to be granteda rematch with Ward, the WBC and WBA (World BoxingAssociation) champion, next year in what would be aworld title unification clash.

Froch makes short work ofMack to retain IBF title

LOS ANGELES (AFP) - BrianViloria stopped Hernan Mar-quez in the 10th round Satur-day to add Marquez's WorldBoxing Association flyweightworld title to his own WorldBoxing Organisation belt.

Filipino-American Viloriaknocked down Marquez with aright late in round one and con-tinued to dominate the earlyrounds.

Mexico's Marquez camealive in the fifth, unleashing abattery of blows, but Viloriaweathered the storm and sentMarquez to the canvas again.

When Viloria sent Marquezdown a third time in the 10thwith a left to the head, Mar-quez's corner threw in thetowel and the referee stoppedthe bout at 1:01 of the round.

"I think my left hook was

Boxing:

The Philippines’ Brian Viloria sends Hernan “Tyson” Mar-quez of Mexico to the floor

The 23-year-old Broner(L) improved to 25-0 with 21 vic-tories inside the distance.

bidding for top place in theirrespective Champions Leaguegroups this week as Schalke 04host Olympiakos, while Bay-ern are at Spain's Valencia andBorussia Dortmund travel toAmsterdam to face Ajax.

There were three goals in thefirst 15 minutes at Dortmundas the defending championsprepared for their trip to Hol-land by running out 3-1 win-ners over second-from-bottomGreuther Fuerth.

Eintracht Frankfurt stayedup with the league leaders inthird by claiming a 4-2 win athome to bottom side Augsburghaving taken an early 2-0 lead.

A second-half own goal byDutch defender Roel Brouwershanded VfB Stuttgart a 2-1 winat Borussia Moenchenglad-bach.

Hamburg enjoyed a 1-0 winat home to Mainz as SouthKorea striker Son Heung-Minscored the contentious winnerin the 63 minutes after beingset up by a pass from mid-fielder Maximilian Beister.


Falcoa/Pereira in their route tothe top! What a great team!

After Sizzling Sunday

comes Mindblowing Monday:

the ladies and men's single fi-

nals, that will be held at Senor

Frog's at The Village. A sand-

filled arena will be waiting for

the best players in the world to

show what they're made of. So

don't forget: today night's

beach tennis action is at Senor

Frog's!

In the amateur division thesun is shining: Dorilis Werle-man and Aat Hoek won thetitle in the Advanced mix cat-egory, Maureen and Marco deMooij are the Fun Mix cham-pions. Fun Ladies Kock andScholliers from Aruba won thetitle as well. Still to be playedat the moment this paper wentto press were Jossy Mansurand Hylke Nijhuis - they willmeet either Mora/Useleti,L o v e r a / S i g o u y d ,

Divi Resort Aruba....continued from page 16

Saturday as they were held 1-1at ten-man Nuremberg afterMario Mandzukic's early goalwas cancelled out by a strikefrom Nuremberg's former Bay-ern midfielder Markus Feulner.

Schalke slumped to a 2-0 de-feat by Bayer Leverkusen withGermany midfielder AndreSchuerrle and striker StefanKiessling scoring either side ofhalf-time.

Germany's top clubs are all

BERLIN (AFP) - Ten-manWerder Bremen came from be-hind to beat Fortuna Duessel-dorf 2-1 at home on Sunday asBundesliga leaders BayernMunich finished the weekendeight-points clear at the top ofthe table.

Bayern had their five-matchwinning away streak broken on

Football: Ten-man Bremen come

from behind to beat Fortuna

Werder Bremen's Nils Petersen jumps for the ball


Sunday sees amazing action,also of local players, at theDivi Resorts Aruba Interna-tional Beach Tennis Event

The Divi Resorts Aruba In-ternational Beach TennisEvent is running towards aclose with the action in thesand of Eagle Beach becoming

more and more fierce. ThePro's are playing for money, sothere is an added incentive towin.

The Italian men, the Brazil-ian ladies and the Venezuelansare doing great, gearing up to-wards semi finals and finals.But there are still a few local

players in thefield: Marieke Buuts andBertrand Coulet have bothearned money! This lovematch can go and take it easyfor a while! Marieke is playingthe single final at Senor Frogstoday, while she is still playing

for the doubles title togetherwith Julie Labrit from St.Maarten. Let's see if thisstrong and motivated team cantake on the power of theBrazilian girls!

Bertrand and Cado deLanooy formed a great al-

liance, but they were no matchfor the Italian players in thequarter finals. Alas, but theyare among the best in theworld, so there is nothing to besad about.

continues on page 15

Divi Resort Aruba Internatio nal Beach Tennisat Eagle Beach

Documents

Monday, November 19, 2012