Hashtag: #AmericanPoliticians
The “Floating White House” Bermuda Visit
A one-time presidential yacht once known as “the floating White House” which famously brought Harry S. Truman to Bermuda on an unscheduled holiday in 1946 is rusting away in an Italian shipyard and will likely be scrapped, the UK “Daily Mail” reports.. Built in 1930, the USS “Williamsburg” is currently moored at La... Read more of this article
US Senator: Bermuda & “Corporate Welfare”
New York Senator Kirsten Gillibrand criticised “corporate welfare for insurance companies based in Bermuda” and other offshore jurisdictions on Tuesday [May 14] after voting against the Farm Bill which passed out of the Senate Agriculture Committee with $4.1 billion in cuts to the Supplemental Nutrition Assistance Program [SNAP]. The legislation... Read more of this article
Bloomberg: “People Love The New Government”
[Updated with audio] Speaking at today’s [May 8] christening of the Norwegian Breakaway cruise ship, New York Mayor Michael Bloomberg — who has a home in Bermuda — said the new Bermuda Government is like “night and day” and people “love the new Government.” In December 2012, the One Bermuda Alliance defeated... Read more of this article
Bermudian Lobbies: Same-Sex US Immigration
A Bermudian woman who is married to an American woman was among the lobbyists who descended on Capitol Hill last week to try and persuade US lawmakers to ensure gay and lesbian couples are covered by new immigration legislation. “Under a 1996 federal law that defines marriage as a union between a man and a woman, Americans cannot apply for green... Read more of this article
Industry Journal: Bermuda Firms’ Coverage Vital
The latest flare-up in the long-running conflict between domestic US insurers and companies that write reinsurance in the American market from off-shore jurisdictions like Bermuda once again highlights the “vital” Property & Causualty coverage provided by overseas entities, “The Insurance Journal” reports today [Apr. 29]. The... Read more of this article
Thatcher Funeral Service Is Held In London
A horse-drawn gun carriage bore the coffin of former British Prime Minister Margaret Thatcher to London’s St. Paul’s Cathedral today [Apr. 17] for a ceremonial funeral marked by military pageantry — 700 soldiers, sailors and air force personnel lined the route — and heightened security. Around 4,000 police officers were on duty in... Read more of this article
Anniversary Of WWII Bermuda Talks Marked
Scholars of the Second World War [1939-1945] and the state-sponsored extermination programme launched against Jews and other peoples deemed “sub-human” by German dictator Adolf Hitler’s genocidal Nazi regime are marking a grim anniversary this month — the 70th anniversary of the laggardly and deliberately inconclusive Anglo-US... Read more of this article
“New York Times” Op-Ed Cites Bermuda
By encouraging multinational corporations to use accounting techniques which allow them to shift profits to overseas jurisdictions like Bermuda, the US tax code invites corporate tax avoidance says Chye-Ching Huang in a “New York Times” op-ed piece published yesterday [Apr. 11] A federal tax policy analyst with the Center on Budget and Policy... Read more of this article
Obama Budget Targets Overseas Tax Benefit
The Obama Administration has again revived its proposal to reduce the tax benefits foreign insurers receive by ceding US property and casualty premiums to their foreign affiliates operating from jurisdictions like Bermuda. Industry journal “Property/Casualty 360″ reports the provision, contained in President Obama’s budget for 2014 unveiled... Read more of this article
Sir John Swan, George H.W Bush On Thatcher
Stressing the importance of the Western allies to stay “in close touch in these times of dramatic change in Europe”, the late British Prime Minister Margaret Thatcher met with US President George H.W. Bush at a Bermuda “Big Two” summit conference in April, 1990 to discuss the ongoing implosion of the Soviet Union. Baroness Thatcher,... Read more of this article
Bermuda Cited In US Tax Avoidance Report
The use of what it calls ”foreign tax havens” — including Bermuda — is costing the US $150 billion per year in the form of lost tax revenues, according to academic studies cited by a report from the Washington-based US Public Interest Research Group [PIRG] released on Thursday [Apr. 4]. Corporations account for $90 billion... Read more of this article
Bermuda And One Fine “White House Mess”
The “mess” in the title of Christopher Buckley’s satirical 1986 novel “The White House Mess” supposedly refers to the White House food service run by the US Navy — but it more accurately describes the hapless administration of President Thomas Nelson Tucker [invariably known as TNT], whose re-election prospects collapse after... Read more of this article
