Author Archive: Bernews1
Education Ministry Goes Back To Basics
Education Minister Dame Jennifer Smith today [Jan. 21] announced the first steps aimed at putting “Teaching and Learning” at the forefront of the Ministry’s mission. The Minister said that after re-reading the Hopkins Report and examining the status of its recommendations, studying the Blueprint for Education and meeting with the Board... Read more of this article
Post Office to Close Early for Fumigation
The Postmaster General would like to advise the public that the General Post Office will be closed tomorrow (Jan 22) on between 12.30 p.m. and 6.00 p.m. for fumigation. It will be open for regular business hours from 8.00 a.m. to noon. Areas to be fumigated will be all areas of the Parcel Post area, the ground floor and offices located on the second... Read more of this article
Credit Suisse Downgrades Axis Capital
Equities research analysts at Credit Suisse downgraded shares of Bermuda-based Axis Capital from an “outperform” rating to a “neutral” rating in a research note to clients and investors on Wednesday (Jan. 19). The analysts currently have a $39.00 price target on the stock. Separately, analysts at Zacks Investment Research downgraded shares of... Read more of this article
New Bermuda 2012 CARIFTA Logo
The Bermuda Track and Field Association unveiled a new logo for the 2012 CARIFTA Games, after releasing the initial logo in November 2010. Bermuda last hosted the event in 2004, which saw the start of the rise of now record holder Usain Bolt of Jamaica, and previously hosted the event on two separate occasions; 1980 and 1975. Bermuda has the notable... Read more of this article
Alliant Ranks Bermuda Top in the World
Just days after Aon elevated Bermuda’s political risk rating, Alliant Political and Economic Risk Ratings says the island is the safest and most stable bet in the world for overseas investors. The Alliant Political and Economic Risk Ratings series — carried on the Bloomberg on-line business and financial news service — places Bermuda... Read more of this article
Two ‘Missing Sailors’ Arrested On Arrival
[Updated] Bernews understands that the Carefree IV sailboat with two Bermudian sailors aboard is now entering Bermuda waters, and is/will be docking in Bermuda this morning [Jan 21]. The sailboat, with Police escort, is pictured below coming through Town Cut in St George’s a few minutes ago. Two Police boats were seen heading out from St George’s... Read more of this article
Talbot Brothers’ Nuclear ‘Apocalypso’
This is the way the world ends — not with a bang but with a wop-bop-a-loo-la, a-lop-bam-boom. Bermuda’s own Talbot Brothers are being credited with helping to originate the songbook of 20th century popular music classics inspired by fears of a countdown to nuclear armageddon. “In 1957 the Talbot Brothers of Bermuda invented... Read more of this article
Bermuda To Meet New EU Fund Standards
Bermuda’s financial regulatory regime is set to meet newly agreed standards under the Alternative Investment Funds Managers Directive announced by the European Parliament in November, Business Bermuda told “Hedge Week” magazine today [Jan. 21]. Given the island’s status as one of the most compliant and best regulated jurisdictions... Read more of this article
Arrests Made After Drug Bust on North Shore
[Updated] The Bermuda Police Service made a drug bust this morning [Jan. 21] in the North Shore area. The Marine Police were on patrol and stopped a boat and seized what they believe to be a quantity of narcotics. The Police cordoned off the area of Penhurst Park, and numerous Police officers, including an armed officer, were visible on scene. Police... Read more of this article
US Black History Event’s Bermuda Focus
Bermudian academic Dr. Quito Swan will be discussing the island’s racial and political evolution along with the miltant upheavals which rocked Bermuda in the 1970s as part of Black History Month celebrations in Tennessee. Dr. Swan, author of “Black Power in Bermuda and the Struggle for Decolonisation”, will speak on “Black Power... Read more of this article
“Pitchforks” Remark Revives Bermuda Row
Missouri Democratic Senator Claire McCaskill — who encouraged Americans to “take up pitchforks” when President Obama and Congressional Republicans reached an agreement to extend Bush-era US tax cuts for those making more than $500,000 a year – has reopened criticism about her own Bermuda-based reinsurance investments. In December... Read more of this article
Rider Injured in Bike Accident on Chaingate Hill
At approximately 4:30pm this afternoon [Jan 20] an accident occurred at the junction of Chaingate Hill and Middle Road in Devonshire. Both the Police and Bermuda Fire & Rescue attended the scene. The male motorcyclist was injured in the collision and taken to King Edward Memorial Hospital via ambulance. Traffic was temporarily backed up on both... Read more of this article
