Archive for February 4th, 2011

Photos & Video: CORE Cardiac Center Opening

Yesterday [Feb 3] saw the official opening of ‘CORE’ – Bermuda’s first Cardiac Prevention and Rehabilitation Center dedicated to reducing the incidence of heart-related deaths on the island. Pictured below left to right ais Governor Sir Richard Gozney, Simone Barton Executive Director of the Bermuda Heart Foundation, Argus President... Read more of this article

Cabinet Office Report: 100 Days in Office

The Cabinet Office today [Feb 4] released a status report ‘Resetting the Dial’, which outlines the new administration’s first 100 Days in office. While revitalising and relaunching Bermuda’s recession-battered economy and taking a zero tolerance policy towards crime are immediate priorities for Government, Premier Paula Cox says... Read more of this article

Caines: Black Men Need to Mentor Others

Appearing yesterday [Feb 3] before the Joint Select Committee on Violent Crime and Gun Violence, Mr Wayne Caines said that the most important thing that could be done was that every Bermudian man should seek to mentor a Bermudian boy. Making himself very clear, he said: “If you are a black man in Bermuda and you are not mentoring, guiding, or training... Read more of this article

Brookfield Partners Posts Big Gain

Brookfield Infrastructure Partners today [Feb.4] credited a big gain related to its merger with Prime Infrastructure in December for posting a major increase in its fourth-quarter and full-year earnings. The Bermuda-based company said it earned $416 million, or $3.48 per unit, in the three months ended December 31 as compared with a loss of $45 million,... Read more of this article

AG: Balancing Justice & Rehabilitation

Attorney General and Justice Minister Michael Scott said he has spent the last hundred days attempting to strike an “appropriate balance” between administering Bermuda’s laws and enhancing rehabilitation programmes. He highlighted the hiring of two new psychologists for the Bermuda prisons system, gang supervision training for the... Read more of this article

Allied World Repurchases AIG Warrant

Allied Allied World Assurance Company Holdings, today [Feb 3] reported that its subsidiary Allied World Assurance Company Holdings, Ltd has repurchased a warrant owned by American International Group, Inc. [AIG], which entitled AIG to purchase a total of 2,000,000 Allied World common shares for $34.20 per share. AIG has no remaining warrants to purchase... Read more of this article

Burgess: ‘Major Steps On Asbestos’

Works Minister Derrick Burgess said finding a permanent solution for the disposal of tons of absestos stored in Bermuda for decades had been a top priority in the hundred days since Premier Paula Cox took office. Speaking at a press conference yesterday [Feb. 3] with other Cabinet Ministers, Mr. Burgess said formulating an action plan for removing... Read more of this article

Australia Disasters Costliest Ever

Australia suffered the costliest natural disasters in the country’s history in January and claims resulting from devastation caused by catastrophic floods and Cyclone Yasi [pictured intensifying as it approached the country on Feb. 1] will be “an ongoing challenge” for global re/insurers for months to come, leading industry analysts... Read more of this article

Minors: ‘Revitalising Gem of An Island’

Bermuda has attracted the interest of six hotel developers who are contemplating physical bricks-and-mortar investments in the island’s hospitality infrastructure, says Tourism and Business Development Minister Patrice Minors. Minister Minors said at a press conference yesterday [Feb. 3] in the hundred days since Premier Paula Cox had come to... Read more of this article

Spanish Legal Setback for Bacardi

Spain’s Supreme Court ruled against Bermuda headquartered Bacardi Ltd. on Thursday [Feb.3] in a long-running legal battle with rival Pernod over the rights to the Cuban rum trademark Havana Club in a potentially precedent-setting case involving private property seized by Cuba’s Communist regime. Bacardi is now planning the next legal move... Read more of this article

First Longtail of Spring Spotted on South Shore

The return to fine weather has encouraged the first longtail to return to Bermuda this spring. Andrew Dobson, President of the Bermuda Audubon Society noticed one flying along South Shore early yesterday morning [Feb 3] near Church Bay. He commented, “Small numbers of longtails are usually seen in the early part of February but the majority do not... Read more of this article