Trouble with starting pow

I set up a new project on my computer and created the development
link. I am very new to Ruby and just need help in determining where
to look to solve the issues I am having getting access to the
project. Here are the errors I get when trying to visit my
application:

Bundler::GemNotFound: Could not find rake-0.9.2.2 in any of the
sources
~/.rvm/gems/ruby-1.9.3-p125@global/gems/bundler-1.1.3/lib/bundler/
spec_set.rb:90:in block in materialize' ~/.rvm/gems/ruby-1.9.3-p125@global/gems/bundler-1.1.3/lib/bundler/ spec_set.rb:83:inmap!’
~/.rvm/gems/ruby-1.9.3-p125@global/gems/bundler-1.1.3/lib/bundler/
spec_set.rb:83:in materialize' ~/.rvm/gems/ruby-1.9.3-p125@global/gems/bundler-1.1.3/lib/bundler/ definition.rb:127:inspecs’
~/.rvm/gems/ruby-1.9.3-p125@global/gems/bundler-1.1.3/lib/bundler/
definition.rb:172:in specs_for' ~/.rvm/gems/ruby-1.9.3-p125@global/gems/bundler-1.1.3/lib/bundler/ definition.rb:161:inrequested_specs’
~/.rvm/gems/ruby-1.9.3-p125@global/gems/bundler-1.1.3/lib/bundler/
environment.rb:23:in requested_specs' ~/.rvm/gems/ruby-1.9.3-p125@global/gems/bundler-1.1.3/lib/bundler/ runtime.rb:11:insetup’
~/.rvm/gems/ruby-1.9.3-p125@global/gems/bundler-1.1.3/lib/bundler.rb:
107:in setup' ~/.rvm/gems/ruby-1.9.3-p125@global/gems/bundler-1.1.3/lib/bundler/ setup.rb:17:in<top (required)>’
~/.rvm/rubies/ruby-1.9.3-p125/lib/ruby/site_ruby/1.9.1/rubygems/
custom_require.rb:60:in require' ~/.rvm/rubies/ruby-1.9.3-p125/lib/ruby/site_ruby/1.9.1/rubygems/ custom_require.rb:60:inrescue in require’
~/.rvm/rubies/ruby-1.9.3-p125/lib/ruby/site_ruby/1.9.1/rubygems/
custom_require.rb:35:in require' ~/projects/pantene_us/config/boot.rb:6:in<top (required)>’
~/.rvm/rubies/ruby-1.9.3-p125/lib/ruby/site_ruby/1.9.1/rubygems/
custom_require.rb:36:in require' ~/.rvm/rubies/ruby-1.9.3-p125/lib/ruby/site_ruby/1.9.1/rubygems/ custom_require.rb:36:inrequire’
~/projects/pantene_us/config/application.rb:1:in <top (required)>' ~/.rvm/rubies/ruby-1.9.3-p125/lib/ruby/site_ruby/1.9.1/rubygems/ custom_require.rb:36:inrequire’
~/.rvm/rubies/ruby-1.9.3-p125/lib/ruby/site_ruby/1.9.1/rubygems/
custom_require.rb:36:in require' ~/projects/pantene_us/config/environment.rb:2:in<top (required)>’
~/.rvm/rubies/ruby-1.9.3-p125/lib/ruby/site_ruby/1.9.1/rubygems/
custom_require.rb:36:in require' ~/.rvm/rubies/ruby-1.9.3-p125/lib/ruby/site_ruby/1.9.1/rubygems/ custom_require.rb:36:inrequire’
~/projects/pantene_us/config.ru:3:in block in <main>' ~/Library/Application Support/Pow/Versions/0.3.2/node_modules/nack/lib/ nack/builder.rb:4:ininstance_eval’
~/Library/Application Support/Pow/Versions/0.3.2/node_modules/nack/lib/
nack/builder.rb:4:in initialize' ~/projects/pantene_us/config.ru:1:innew’
~/projects/pantene_us/config.ru:1:in <main>' ~/Library/Application Support/Pow/Versions/0.3.2/node_modules/nack/lib/ nack/server.rb:50:ineval’
~/Library/Application Support/Pow/Versions/0.3.2/node_modules/nack/lib/
nack/server.rb:50:in load_config' ~/Library/Application Support/Pow/Versions/0.3.2/node_modules/nack/lib/ nack/server.rb:43:ininitialize’
~/Library/Application Support/Pow/Versions/0.3.2/node_modules/nack/lib/
nack/server.rb:13:in new' ~/Library/Application Support/Pow/Versions/0.3.2/node_modules/nack/lib/ nack/server.rb:13:inrun’
~/Library/Application Support/Pow/Versions/0.3.2/node_modules/nack/bin/
nack_worker:4:in `’