[NTG-context] Font problems (Palatino)

When trying to typeset for example a document using the mag-01 module I get an error that from what I understand is font related. I'm using MacOS 10.4.6 (on intel), and I do have the Palatino font. Why do I get the error and how can the problem be resolved? ERROR MESSAGE############################## TeXExec 5.2.4 - ConTeXt / PRAGMA ADE 1997-2005 executable : pdfetex format : cont-en inputfile : magazinetest output : pdftex interface : en current mode : none TeX run : 1 This is pdfeTeX, Version 3.141592-1.30.4-2.2 (Web2C 7.5.5) (/usr/local/teTeX/share/texmf.tetex/web2c/natural.tcx) entering extended mode (./magazinetest.tex ConTeXt ver: 2005.01.31 fmt: 2006.5.13 int: english mes: english language : language en is active system : cont-new loaded (/usr/local/teTeX/share/texmf.tetex/tex/context/base/cont-new.tex systems : beware: some patches loaded from cont-new.tex! color : palette rollover is available system (E-TEX) : [line 878] system (E-TEX) : [line 933] ) system : cont-old loaded (/usr/local/teTeX/share/texmf.tetex/tex/context/base/cont-old.tex loading : Context Old Macros ) system : cont-fil loaded (/usr/local/teTeX/share/texmf.tetex/tex/context/base/cont-fil.tex loading : Context File Synonyms ) system : cont-sys.rme loaded (/usr/local/teTeX/share/texmf.tetex/tex/context/user/cont-sys.rme (/usr/local/teTeX/share/texmf.tetex/tex/context/base/type-syn.tex) (/usr/local/teTeX/share/texmf.tetex/tex/context/base/type-enc.tex) (/usr/local/teTeX/share/texmf.tetex/tex/context/base/type-dis.tex) (/usr/local/teTeX/share/texmf.tetex/tex/context/base/type-siz.tex) (/usr/local/teTeX/share/texmf.tetex/tex/context/base/type-map.tex) (/usr/local/teTeX/share/texmf.tetex/tex/context/base/type-spe.tex) (/usr/local/teTeX/share/texmf.tetex/tex/context/base/type-exa.tex) (/usr/local/teTeX/share/texmf.tetex/tex/context/base/type-akb.tex)) bodyfont : 12pt rm is loaded language : patterns en->default:default->1->2:2 uk->default:default->2-> 2:2 de->texnansi:texnansi->3->2:2 de->ec:ec->4->2:2 fr->texnansi:texnansi->5->2 :2 fr->ec:ec->6->2:2 es->default:default->7->2:2 it->texnansi:texnansi->8->2:2 it->ec:ec->9->2:2 nl->texnansi:texnansi->10->2:2 nl->ec:ec->11->2:2 loaded specials : tex,postscript,rokicki loaded system : magazinetest.top loaded (./magazinetest.top specials : loading definition file tpd (/usr/local/teTeX/share/texmf.tetex/tex/context/base/spec-tpd.tex specials : loading definition file fdf (/usr/local/teTeX/share/texmf.tetex/tex/context/base/spec-fdf.tex system (E-TEX) : [line 2280] \ifcsname ) specials : fdf loaded ) specials : fdf,tpd loaded ) system : macros of module mag-01 loaded (/usr/local/teTeX/share/texmf.tetex/tex/context/base/s-mag-01.tex specials : loading definition file tpd (/usr/local/teTeX/share/texmf.tetex/tex/context/base/spec-tpd.tex specials : loading definition file fdf (/usr/local/teTeX/share/texmf.tetex/tex/context/base/spec-fdf.tex system (E-TEX) : [line 2280] \ifcsname ) specials : fdf loaded ) specials : fdf,tpd loaded color : system rgb is global activated (/usr/local/teTeX/share/texmf.tetex/tex/context/base/type-syn.tex) (/usr/local/teTeX/share/texmf.tetex/tex/context/base/type-enc.tex) (/usr/local/teTeX/share/texmf.tetex/tex/context/base/type-dis.tex) (/usr/local/teTeX/share/texmf.tetex/tex/context/base/type-siz.tex) (/usr/local/teTeX/share/texmf.tetex/tex/context/base/type-map.tex) (/usr/local/teTeX/share/texmf.tetex/tex/context/base/type-spe.tex) (/usr/local/teTeX/share/texmf.tetex/tex/context/base/type-exa.tex (/usr/local/teTeX/share/texmf.tetex/tex/context/base/type-syn.tex) (/usr/local/teTeX/share/texmf.tetex/tex/context/base/type-enc.tex) (/usr/local/teTeX/share/texmf.tetex/tex/context/base/type-dis.tex) (/usr/local/teTeX/share/texmf.tetex/tex/context/base/type-siz.tex) (/usr/local/teTeX/share/texmf.tetex/tex/context/base/type-map.tex) (/usr/local/teTeX/share/texmf.tetex/tex/context/base/type-spe.tex) (/usr/local/teTeX/share/texmf.tetex/tex/context/base/type-exa.tex) (/usr/local/teTeX/share/texmf.tetex/tex/context/base/type-akb.tex) (/usr/local/teTeX/share/texmf.tetex/tex/context/base/type-syn.tex) (/usr/local/teTeX/share/texmf.tetex/tex/context/base/type-enc.tex) (/usr/local/teTeX/share/texmf.tetex/tex/context/base/type-dis.tex) (/usr/local/teTeX/share/texmf.tetex/tex/context/base/type-siz.tex) (/usr/local/teTeX/share/texmf.tetex/tex/context/base/type-map.tex) (/usr/local/teTeX/share/texmf.tetex/tex/context/base/type-spe.tex) (/usr/local/teTeX/share/texmf.tetex/tex/context/base/type-exa.tex) (/usr/local/teTeX/share/texmf.tetex/tex/context/base/type-akb.tex) (/usr/local/teTeX/share/texmf.tetex/tex/context/base/type-syn.tex) (/usr/local/teTeX/share/texmf.tetex/tex/context/base/type-enc.tex) (/usr/local/teTeX/share/texmf.tetex/tex/context/base/type-dis.tex) (/usr/local/teTeX/share/texmf.tetex/tex/context/base/type-siz.tex) (/usr/local/teTeX/share/texmf.tetex/tex/context/base/type-map.tex) (/usr/local/teTeX/share/texmf.tetex/tex/context/base/type-spe.tex) (/usr/local/teTeX/share/texmf.tetex/tex/context/base/type-exa.tex) (/usr/local/teTeX/share/texmf.tetex/tex/context/base/type-akb.tex) (/usr/local/teTeX/share/texmf.tetex/tex/context/base/type-syn.tex) (/usr/local/teTeX/share/texmf.tetex/tex/context/base/type-enc.tex) (/usr/local/teTeX/share/texmf.tetex/tex/context/base/type-dis.tex) (/usr/local/teTeX/share/texmf.tetex/tex/context/base/type-siz.tex) (/usr/local/teTeX/share/texmf.tetex/tex/context/base/type-map.tex) (/usr/local/teTeX/share/texmf.tetex/tex/context/base/type-spe.tex) (/usr/local/teTeX/share/texmf.tetex/tex/context/base/type-exa.tex) (/usr/local/teTeX/share/texmf.tetex/tex/context/base/type-akb.tex) (/usr/local/teTeX/share/texmf.tetex/tex/context/base/type-syn.tex) (/usr/local/teTeX/share/texmf.tetex/tex/context/base/type-enc.tex) (/usr/local/teTeX/share/texmf.tetex/tex/context/base/type-dis.tex) (/usr/local/teTeX/share/texmf.tetex/tex/context/base/type-siz.tex) (/usr/local/teTeX/share/texmf.tetex/tex/context/base/type-map.tex) (/usr/local/teTeX/share/texmf.tetex/tex/context/base/type-spe.tex) (/usr/local/teTeX/share/texmf.tetex/tex/context/base/type-exa.tex) (/usr/local/teTeX/share/texmf.tetex/tex/context/base/type-akb.tex) (/usr/local/teTeX/share/texmf.tetex/tex/context/base/type-syn.tex) (/usr/local/teTeX/share/texmf.tetex/tex/context/base/type-enc.tex) (/usr/local/teTeX/share/texmf.tetex/tex/context/base/type-dis.tex) (/usr/local/teTeX/share/texmf.tetex/tex/context/base/type-siz.tex) (/usr/local/teTeX/share/texmf.tetex/tex/context/base/type-map.tex) (/usr/local/teTeX/share/texmf.tetex/tex/context/base/type-spe.tex) (/usr/local/teTeX/share/texmf.tetex/tex/context/base/type-exa.tex) (/usr/local/teTeX/share/texmf.tetex/tex/context/base/type-akb.tex)) (/usr/local/teTeX/share/texmf.tetex/tex/context/base/type-akb.tex)kpathsea: Running mktextfm uplr8t mktextfm: Running mf-nowin -progname=mf \mode:=ljfour; mag:=1; nonstopmode; input uplr8t This is METAFONT, Version 2.71828 (Web2C 7.5.5) kpathsea: Running mktexmf uplr8t ! I can't find file `uplr8t'. <*> ...:=ljfour; mag:=1; nonstopmode; input uplr8t Please type another input file name ! Emergency stop. <*> ...:=ljfour; mag:=1; nonstopmode; input uplr8t Transcript written on mfput.log. grep: uplr8t.log: No such file or directory mktextfm: `mf-nowin -progname=mf \mode:=ljfour; mag:=1; nonstopmode; input uplr8t' failed to make uplr8t.tfm. kpathsea: Appending font creation commands to missfont.log. ! Font \*palatino12ptrmtf*:=uplr8t at 12.0pt not loadable: Metric (TFM) file no t found. <to be read again> \relax \xxdododefinefont ...tspec {#4}\newfontidentifier \let \localrelativefontsiz... \fontstrategy ...me \fontclass #2#3#4#5\endcsname \tryingfontfalse \fi <inserted text> ...yle \fontalternative \fontsize \fi \iftryingfont \fontstr... \synchronizefont ...strategy \the \fontstrategies \relax \fi \iftryingfont \... <argument> \getvalue {\@style@ \fontstyle } \edef \fontstyle {\fontstyle }\if... ... l.178 [palatino,10pt] ? ERROR MESSAGE##############################