Archive for December 28th, 2011
Armed Robbery In Sandys
[Updated] At approximately 8am this morning [Dec.28] five men committed an armed robbery at the Arnolds Warehouse in the Hitching Post building in Sandys, escaping with a quantity of cash. The suspects were all wearing dark coloured clothing and black full face helmets with dark coloured visors. A police spokesperson said, “Around 8:30am on... Read more of this article
Video: Seaweed On Beaches After Strong Winds
A spokesperson for the Environment Ministry said the Sargassum seaweed washing up on our shores is due to the sustained strong winds over a period of several days, and while it is not an indication of pollution, staff from the Parks Department are doing what they can to keep up with cleaning the most popular beaches. “The seaweed washing up on... Read more of this article
Spitfire Sub-Fund Delists From BSX
Earlier today [Dec.28] the Bermuda Stock Exchange [BSX] announced the voluntary withdrawal of listing, from the BSX, of the Spitfire Arabian Property sub-Fund – all class A [EUR, GBP & USD]. Following the closure of the Spitfire Arabian Property sub-Fund – all class A [EUR, GBP & USD], the BSX has approved the voluntary withdrawal of Listing,... Read more of this article
Video: Threatened Bermuda Honey Bee
Honey bees are among Bermuda’s oldest inhabitants, introduced to the island from England in 1616 — just four years after its permanent settlement. They were not imported into the American colonies until six years later. In recent decades virtually all Bermuda’s honey bees have been kept in frame hives [pictured] but the long-term future... Read more of this article
Bradford On Wells: Incredible Athleticism
Bradford City Manager Phil Parkinson has praised Bermuda’s Nahki Wells saying he has “incredible athleticism” and there is “a lot to come from him.” This comes after Wells scored in the opening two minutes of the game on Boxing Day, his third goal since signing with Bradford City earlier this year. The U.K media reports... Read more of this article
Man Pleads Guilty To Resisting Arrest
25-year-old Temasgan Furbert appeared in Magistrates Court today [Dec.28] and was fined $1,000 after pleading guilty to resisting arrest. The incident – which saw a police officer’s finger dislocated and the taser used – happened on Boxing Day [Dec.26] The court heard that police were called to a home in Pembroke, with the female occupant... Read more of this article
Ruling ‘Astounded’ Audubon Society
The Bermuda Audubon Society [BAS] has labelled as “absolutely astonishing” a decision by then Environment Minister Walter Roban that could have allowed for further industrial development at Devonshire Marsh. In its winter newsletter, the conservation group says it couldn’t understand how the former Minister could justify upholding... Read more of this article
Bermuda Lobster Nature’s Top Navigator
The animal world has its share of celebrated navigators, from flocking geese to spawning salmon — but Bermuda’s spiny lobster may soon take its place as the very best of them. Research suggests that Bermuda lobsters, despite their limited intelligence, may be the animal kingdom’s top navigators. Their homing abilities are also providing... Read more of this article
24-Yr-Old Man Denies Knife Possession
24-year-old Cameron Ramsey appeared in Magistrates Court this morning [Dec.28], charged with possession of a pointed article [letter opener], possession of a knife with a blade in excess of 3 inches and uttering threatening words. Mr Ramsey, said to be a MAWI outpatient, pleaded not guilty to all three charges which are alleged to have occurred on Front... Read more of this article
NY Disapproves Syncora Payment
Bermuda’s Syncora Holdings Ltd. has announced the New York State Department of Financial Services [NYDFS] disapproved the payment of the amounts scheduled to become due today on $150,000,000 original principal amount of short-term surplus notes issued by its New York financial guarantee subsidiary, Syncora Guarantee Inc. “There can... Read more of this article
Billionaire Cohen Buys 5.2% Of Validus
Businessweek reports today that billionaire Steven A. Cohen’s SAC Capital Advisors has bought a 5.2 percent stake in Bermuda-based reinsurer Validus Holdings Ltd. Steven A. Cohen is the founder of SAC Capital Advisors, a Stamford, Connecticut-based hedge fund focusing primarily on equity market strategies. He has an estimated net worth of $9.3 billion... Read more of this article
32-Yr-Old Man Denies Drug Possession
32-year-old Ashley Wellman appeared in Magistrates Court this morning [Dec.28], and was charged with possession of cocaine, cannabis and drug equipment [bags]. He was alleged to have been in possession of the material on December 23 in an Increased Penalty Zone, within 300 yards of the Somerset Cricket Club. He received bail in the amount of $10,000... Read more of this article
