Archive for February 6th, 2012
George Berkeley’s ‘Bermuda Group’
In 1729, Anglo-Irish cleric and philosopher Dean George Berkeley [1685-1753] set out from London to found a college in Bermuda “for the better supplying of churches in our foreign plantations and for converting the savage Americans to Christianity.” Bermuda would provide the ideal setting for the philosopher’s social and educational... Read more of this article
Seadrill Wins Three New Contracts
Bermuda’s Seadrill has secured new contracts for the three jack-up rigs “Offshore Mischief”, “Offshore Defender” and “West Leda”. The Hamilton company said aggregated revenue potential is estimated at $311 million inclusive of mobilisation fees and assignment specific rig modifications. “Offshore Mischief”... Read more of this article
Video: Van Flips Over On Berry Hill Road
[Updated with video] At sometime around 9am this morning [Feb.6] an accident occurred which resulted in an A.F Smith van being flipped over on its side in the Berry Hill Road, Paget area. Emergency personnel are on scene, and traffic continues to be delayed while they deal with the situation. Details are limited at this time, however we will update... Read more of this article
Hospitality Professionals Visit Schools
This week, dozens of Hospitality professionals entered P-4, P-6 and M2 classrooms Island-wide to deliver the first of four one-hour lessons in hospitality. From General Managers, Chefs and Restaurant Owners, to Retired industry veterans, a Destination Wedding Coordinator and Taxi Fleet owner, each has made a commitment to volunteer their time over... Read more of this article
Lazard Revenue, Profits Plunge
Bermuda’s Lazard Ltd., the largest independent merger adviser, today [Feb. 6] said fourth-quarter profit declined on a decrease in revenue from advising on deals. Net income fell to $1.4 million, or one cent a share, from $104.5 million, or 76 cents, in the same period a year earlier, the Hamilton-based firm said in a statement. Revenue from... Read more of this article
Human Rights Amendment Act 2012
The Human Rights Amendment Act seeks to modernize the organizational structure and streamline the administrative processes to ensure an efficient Human Rights Commission, Minister of Youth, Families and Sports Glenn Blakeney said on Friday. The Commission’s thirty year old administrative processes and practices are out of date, causing delays in the... Read more of this article
UBP: ‘Casting Eye’ On Jackson’s Seat
United Bermuda Party MPs Kim Swan and Charlie Swan released a statement on the retirement of fellow Parliamentarian Mrs. Louise Jackson, and said as the UBP continues “to reform and rebuild, we are casting a serious eye focused on this constituency.” Last week One Bermuda Alliance MP Louise Jackson confirmed she is set to retire from Parliament.... Read more of this article
Isenberg Waives $100M Payment
Bermuda-based oil and gas drilling contractor Nabors Industries today [Febs. 6] said chairman Eugene Isenberg [pictured] would not seek a controversial $100 million payment linked to his resignation as chief executive officer in October. Mr. Isenberg’s pay, which has exceeded $170 million since 2005, has long generated controversy for the company,... Read more of this article
BDOT Promotion: “Tee For Free”
The Bermuda Department of Tourism (BDOT) is inviting visitors to enjoy two free rounds of golf plus a $100 spa credit when booking a minimum of four-nights at participating properties with the new “Tee for Free” package. This promotion is available for booking now through February 17, 2012, with travel dates through April 30, 2012. Minister of... Read more of this article
Accident Causes Traffic Delays In Flatts
Morning commuters faced delays heading into Hamilton from the East End this morning [Feb.6], after an accident occurred at approximately 8am on North Shore in the vicinity of the Aquarium. We unofficially understand no one was injured, however traffic was delayed for a short while a tow truck attended to the damaged taxi. Related Stories Photos:... Read more of this article
BBA Mountain Bike Race Results
The fourth race of the Latter Rain Water Service Race Series took place on Sunday, February 5 at Admiralty Park. In Men’s A Class, Dominic Mayo maintained his position on the top of the podium, followed by Mark Hatherly in second and Dexter Swan in third. In Men’s B Class, Duncan Simons took top honors, followed by Padraig Browne in second... Read more of this article
BMA Issues Regulatory Update
The Bermuda Monetary Authority [BMA] has published its latest regulatory update which contains figures for the quarter ended December 31, 2011 and provides statistics with respect to Bermuda’s financial services industry. Developments in the insurance sector include new and amended legislation relating to solvency and capital requirements for... Read more of this article
