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:in `map!' ~/.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:in `specs' ~/.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:in `requested_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:in `setup' ~/.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:in `rescue 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:in `require' ~/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:in `require' ~/.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:in `require' ~/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:in `instance_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:in `new' ~/projects/pantene_us/config.ru:1:in `<main>' ~/Library/Application Support/Pow/Versions/0.3.2/node_modules/nack/lib/ nack/server.rb:50:in `eval' ~/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:in `initialize' ~/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:in `run' ~/Library/Application Support/Pow/Versions/0.3.2/node_modules/nack/bin/ nack_worker:4:in `<main>'