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>'