Archive for July 10th, 2010

Sailboat Headed For Azores Diverts To Bermuda

A sailboat en route from the USA to the Azores had to divert to Bermuda following both technical and medical difficulties. On July 1st the sailboat ‘Eloise Belle’ was approximately 360 nautical miles north-northwest of Bermuda with two persons on board on a voyage from Newport, Rhode Island, USA, to Horta, Azores. They contacted Bermuda... Read more of this article

So Far In July: Shooting Every 80 Hrs

The first 10 days of the month of July have seen a shooting incident approximately every 80 hours, all reported in the West End. July 10th a man was shot in the leg on Soundview Road; July 7th there were Multiple shots fired in White Hill with no reported injuries; and on July 1st there was an attempted shooting of three men by two men on a bike by... Read more of this article

Man Shot In Sandys Around 2pm

[Updated: Confirmed that one man was shot in leg] The Bermuda Police are presently investigating reports of gunshots in the vicinity of Sound View Road, making this the third reported gun incident in the West End in the last ten days. The Police have not yet confirmed the circumstances nor were able to confirm with us whether this was a confirmed... Read more of this article

Forbes Names Bermuda As Top Ten Tax Haven

Leading financial publication Forbes has named Bermuda as one of the “Worlds Best Tax Havens”. They said they used two benchmarks to determine the top ten list; a place had to have the capability to move money in serious quantities, and a measure of a place’s opacity, or how secret it is. Bermuda has been named along with the U.K.... Read more of this article

Argus Records $18.4 Million Loss

Insurance and pension plan provider Argus Group Holdings Limited announced a net loss of $18.4 million for the year ended March 31, 2010. Gerald Simons, President & Chief Executive Officer of the Argus Group said: The Argus Group has experienced another challenging year and, while some of our business units have recorded excellent results, a further... Read more of this article

Eight Footballers Finish David Bascome Clinic

Eight of Bermuda’s promising young soccer players graduated today from the week long HSBC School of Excellence Programme, managed by Pro MISL player David Bascome. The eight players were selected to participate in the 12th year of the programme based on their leadership qualities, positive attitude and superior work rate displayed during the HSBC... Read more of this article

Police Appeal For Info On Missing Goldfish

After a burglar[s] broke into the St. David’s Primary School grounds and stole 11 goldfish from the school’s pond, the Police stated they are “appealing for anyone with any information about the missing goldfish to contact the Southside Police Station on 293-2222.” At 7:50am yesterday [July 9], Police responded to the reported theft... Read more of this article

Charles Richardson: Legal Aid Overview

[Written by Charles Richardson] Over the past five years of my practice 90% of my clients have been legally aided. The fact of the matter is that the majority of people who are charged with criminal offences are unable to afford proper legal representation on their own. It may seem a strange thing that those charged by the state can have their legal... Read more of this article

Road Safety Council: Helmet Exchange

The Bermuda Road Safety Council has set out to get bike riders to wear safer helmets and will be holding a Helmet Exchange at City Hall on July 16th, from 12pm to 2pm. Riders turning in their old helmet will receive a 20% discount voucher towards a new “approved” helmet of their choice from one of the participating dealers; HWP Group, Cycle Care,... Read more of this article

Michael Fahy on Employment Statistics

[Written by Michael Fahy] The inappropriately named “highlights” are hardly surprising. These statistics demonstrate that all is not well with Bermuda’s economy. A loss of 693 jobs in the local labour market is frankly very bad. It is also unsurprising that the release cited the reason for this plummet as the global recession. Whilst... Read more of this article

Companies Able To Buy Specific Properties

The Deputy Premier and Minister of Finance Paula Cox announced that companies incorporated in Bermuda will now be permitted to acquire residential property in Bermuda that forms part of a tourism development. The Government says that the Companies Amendment (NO.2) Act 2010 is expected to add to Bermuda’s attractiveness as a jurisdiction and generate... Read more of this article