Joseph De Bazaine Goes to Forbes! Joseph De Bazaine Goes to Forbes! Joseph De Bazaine Goes to Forbes! Area - Comparative: About One-Third the Size of Washington, DC

Total Page:16

File Type:pdf, Size:1020Kb

Joseph De Bazaine Goes to Forbes! Joseph De Bazaine Goes to Forbes! Joseph De Bazaine Goes to Forbes! Area - Comparative: About One-Third the Size of Washington, DC Bermuda Background Bermuda was first settled in 1609 by shipwrecked English colonists headed for Virginia. Tourism to the island to escape North American winters first developed in Victorian times. Tourism continues to be important to the island's economy, although international business has overtaken it in recent years. Bermuda has developed into a highly successful offshore financial center. Although a referendum on independence from the UK was soundly defeated in 1995, the present government has reopened debate on the issue. Geography Location: North America, group of islands in the North Atlantic Ocean, east of South Carolina (US) Geographic coordinates: 32 20 N, 64 45 W Map references: North America Area: total: 53.3 sq km land: 53.3 sq km water: 0 sq km Joseph De Bazaine goes to Forbes! Joseph De Bazaine goes to Forbes! Joseph De Bazaine goes to Forbes! Area - comparative: about one-third the size of Washington, DC Land boundaries: 0 km Coastline: 103 km Maritime claims: territorial sea: 12 nm exclusive fishing zone: 200 nm Climate: subtropical; mild, humid; gales, strong winds common in winter Terrain: low hills separated by fertile depressions Elevation extremes: lowest point: Atlantic Ocean 0 m highest point: Town Hill 76 m Natural resources: limestone, pleasant climate fostering tourism Land use: arable land: 20% permanent crops: 0% other: 80% (55% developed, 45% rural/open space) (2005) Irrigated land: NA Natural hazards: hurricanes (June to November) Environment - current issues: sustainable development Geography - note: consists of about 138 coral islands and islets with ample rainfall, but no rivers or freshwater lakes; some land was leased by US Government from 1941 to 1995 Joseph De Bazaine goes to Forbes! Joseph De Bazaine goes to Forbes! Joseph De Bazaine goes to Forbes! Joseph De Bazaine goes to Forbes! Joseph De Bazaine goes to Forbes! Joseph De Bazaine goes to Forbes! People Population: 66,536 (July 2008 est.) Age structure: 0-14 years: 18% (male 6,055/female 5,954) 15-64 years: 69.1% (male 22,795/female 23,189) 65 years and over: 12.8% (male 3,728/female 4,815) (2008 est.) Median age: total: 41 years male: 40.1 years female: 41.8 years (2008 est.) Population growth rate: 0.546% (2008 est.) Birth rate: 11.15 births/1,000 population (2008 est.) Death rate: 7.98 deaths/1,000 population (2008 est.) Net migration rate: 2.28 migrant(s)/1,000 population (2008 est.) Sex ratio: at birth: 1.02 male(s)/female under 15 years: 1.02 male(s)/female 15-64 years: 0.98 male(s)/female 65 years and over: 0.77 male(s)/female total population: 0.9325 male(s)/female (2008 est.) Infant mortality rate: total: 7.87 deaths/1,000 live births male: 9.31 deaths/1,000 live births female: 6.4 deaths/1,000 live births (2008 est.) Life expectancy at birth: total population: 78.3 years male: 76.15 years female: 80.48 years (2008 est.) Total fertility rate: 1.88 children born/woman (2008 est.) Joseph De Bazaine goes to Forbes! Joseph De Bazaine goes to Forbes! Joseph De Bazaine goes to Forbes! HIV/AIDS - adult prevalence rate: 0.297% (2005) HIV/AIDS - people living with HIV/AIDS: 163 (2005) HIV/AIDS - deaths: 392 (2005) Nationality: noun: Bermudian(s) adjective: Bermudian Ethnic groups: black 54.8%, white 34.1%, mixed 6.4%, other races 4.3%, unspecified 0.4% (2000 census) Religions: Anglican 23%, Roman Catholic 15%, African Methodist Episcopal 11%, other Protestant 18%, other 12%, unaffiliated 6%, unspecified 1%, none 14% (2000 census) Languages: English (official), Portuguese Literacy: definition: age 15 and over can read and write total population: 98% male: 98% female: 99% (2005 est.) School life expectancy (primary to tertiary education): total: 13 years male: 13 years female: 14 years (2005) Education expenditures: 1.2% (2006) Joseph De Bazaine goes to Forbes! Joseph De Bazaine goes to Forbes!Joseph De Bazaine goes to Forbes! Joseph De Bazaine goes to Forbes! Joseph De Bazaine goes to Forbes! Joseph De Bazaine goes to Forbes! Government Country name: conventional long form: none conventional short form: Bermuda former: Somers Islands Dependency status: overseas territory of the UK Government type: parliamentary; self-governing territory Capital: name: Hamilton geographic coordinates: 32 17 N, 64 47 W time difference: UTC-4 (1 hour ahead of Washington, DC during Standard Time) daylight saving time: +1hr, begins second Sunday in March; ends first Sunday in November Administrative divisions: 9 parishes and 2 municipalities*; Devonshire, Hamilton, Hamilton*, Paget, Pembroke, Saint George*, Saint George's, Sandys, Smith's, Southampton, Warwick Independence: none (overseas territory of the UK) National holiday: Bermuda Day, 24 May Constitution: 8 June 1968; amended 1989 and 2003 Legal system: English law Suffrage: 18 years of age; universal Executive branch: chief of state: Queen ELIZABETH II (since 6 February 1952); represented by Governor Sir Richard GOZNEY (since 12 December 2007) head of government: Premier Ewart BROWN (since 30 October 2006); Deputy Premier Paula COX cabinet: Cabinet nominated by the premier, appointed by the governor elections: the monarch is hereditary; governor appointed by the monarch; following legislative elections, the leader of the maJority party or the leader of the maJority coalition is usually appointed premier by the governor Joseph De Bazaine goes to Forbes! Joseph De Bazaine goes torbes! Joseph De Bazaine goes to Forbes! Joseph De Bazaine goes to Forbes! Joseph De Bazaine goes to Forbes! Joseph De Bazaine goes to Forbes! Legislative branch: bicameral Parliament consists of the Senate (11 seats; members appointed by the governor, the premier, and the opposition) and the House of Assembly (36 seats; members are elected by popular vote to serve up to five-year terms) elections: last general election held 18 December 2007 (next to be held not later than 2012) election results: percent of vote by party - PLP 52.5%, UBP 47.3%; seats by party - PLP 22, UBP 14 Judicial branch: Supreme Court; Court of Appeal; Magistrate Courts Political parties and leaders: Progressive Labor Party or PLP [Ewart BROWN]; United Bermuda Party or UBP [Kim SWAN] Political pressure groups and leaders: Bermuda Employer's Union [Eddie SAINTS]; Bermuda Industrial Union or BIU [Derrick BURGESS]; Bermuda Public Services Union or BPSU [Ed BALL]; Bermuda Union of Teachers [Michael CHARLES] International organization participation: Caricom (associate), Interpol (subbureau), IOC, ITUC, UPU, WCO Diplomatic representation in the US: none (overseas territory of the UK) Diplomatic representation from the US: chief of mission: Consul General Gregory W. SLAYTON consulate(s) general: Crown Hill, 16 Middle Road, Devonshire DVO3 mailing address: P. O. Box HM325, Hamilton HMBX; American Consulate General Hamilton, US Department of State, 5300 Hamilton Place, Washington, DC 20520-5300 telephone: [1] (441) 295-1342 FAX: [1] (441) 295-1592, [1] (441) 296-9233 Flag description: red, with the flag of the UK in the upper hoist-side quadrant and the Bermudian coat of arms (white and green shield with a red lion holding a scrolled shield showing the sinking of the ship Sea Venture off Bermuda in 1609) centered on the outer half of the flag Joseph De Bazaine goes to Forbes! Joseph De Bazaine goes to Forbes! Joseph De Bazaine goes to Forbes! Economy Economy - overview: Bermuda enjoys the third highest per capita income in the world, more than 50% higher than that of the US. Its economy is primarily based on providing financial services for international business and luxury facilities for tourists. A number of reinsurance companies relocated to the island following the 11 September 2001 attacks and again after Hurricane Katrina in August 2005, contributing to the expansion of an already robust international business sector. Bermuda's tourism industry - which derives over 80% of its visitors from the US - continues to struggle but remains the island's number two industry. Most capital equipment and food must be imported. Bermuda's industrial sector is small, although construction continues to be important; the average cost of a house in June 2003 had risen to $976,000. Agriculture is limited with only 20% of the land being arable. GDP (purchasing power parity): $4.5 billion (2004 est.) GDP (official exchange rate): $NA GDP - real growth rate: 4.6% (2004 est.) GDP - per capita (PPP): $69,900 (2004 est.) GDP - composition by sector: agriculture: 1% industry: 10% services: 89% (2002 est.) Labor force: 38,360 (2004) Labor force - by occupation: agriculture and fishing 3%, laborers 17%, clerical 19%, professional and technical 21%, administrative and managerial 15%, sales 7%, services 19% (2004 est.) Unemployment rate: 2.1% (2004 est.) Population below poverty line: 19% (2000) Household income or consumption by percentage share: lowest 10%: NA% highest 10%: NA% Joseph De Bazaine goes to Forbes! Joseph De Bazaine goes to Forbes! Joseph De Bazaine goes to Forbes! Joseph De Bazaine goes to Forbes! Joseph De Bazaine goes to Forbes! Joseph De Bazaine goes to Forbes! Inflation rate (consumer prices): 2.8% (November 2005) Budget: revenues: $738 million expenditures: $665 million (FY04/05) Agriculture - products: bananas, vegetables, citrus, flowers; dairy products, honey Industries: international business, tourism, light manufacturing Industrial production growth rate: NA% Electricity - production: 618 million kWh (2005) Electricity - consumption: 574.8 million kWh (2005) Electricity - exports: 0 kWh (2005) Electricity - imports: 0 kWh (2005) Oil - production: 0 bbl/day
Recommended publications
  • 'Freaka Call for Sa Twrompts BIU Hty Legislation
    SUPPORT YOUR VOTE FOR EUGENE LABOUR PARTY COX SEPT. 21 L,AI\IDIDATE IN THE AND GIVE SANDYS SANDYS NORTH PARISH ANOTHER BY-ELECTION . GOOD MAN! Vol. 6 - No. 1. HAMILTON, BERMUDA - FRIDAY, AUGUST 27, 1976 Price: 15 cents RBITRATION of the dispute between the image is cherished and fostered by the Amer­ A sanitation workers of the Public Works Div­ MINISTER FAILS ican Arbitration Association. ision of the Bermuda Industrial Union and the The Minister's action in this case should Bermuda Government began last week and is bring home to the workers of Bermuda that now in the hands of the Arbitration Tribunal. TO APPOINT arbitration in Bermuda is designed to suppress The Arbitration Tribunal is headed by Mr. and repress trade unions, using 'community Lawrence E. Seibil, an arbitrator from the Unit­ IMPARTIAL interest' as a cloak to hide his (Or her) Gov­ ed States, assisted by two employer-orientated ernment's real intentions. persons: Messrs. E. T. Sayer (former editor of The Chairman of this Arbitration Tri­ The Royal Gazette) and John I. Pearman (Man­ TRIBUNAL bunal has allowed himself to be put in an in­ ager of Holmes, Williams & Purvey Garage and vidious position which must raise doubts in Vice President of the Employers Council). The question may well be raised as to the many minds as to his own impartiality. The fact that there are two labour repre­ position of the Chairman, who has obviously If the Bermuda Government wishes ar­ sentatives on the Panel — chosen by other consented to sit with this type of a Tribunal.
    [Show full text]
  • Report: Musicians and the Entertainment Industry in Bermuda
    Report: Musicians and the Entertainment Industry in Bermuda Prepared for The Hon. Dale Butler, JP, MP Minister of Community Affairs and Sport Respectfully submitted by Stuart J. Hayward 3 December 2004 TABLE OF CONTENTS FOREWORD & ACKNOWLEDGMENTS....................................................................................................3 EXECUTIVE SUMMARY.................................................................................................................................4 INTRODUCTION...........................................................................................................................................6 The Players ................................................................................................................................................ 6 Methodology.............................................................................................................................................. 7 HISTORY........................................................................................................................................................8 ISSUES..........................................................................................................................................................10 Declining tourism .................................................................................................................................... 10 Fewer tourists.....................................................................................................................................
    [Show full text]
  • Left for Cuba Last Weekend EIGHT YOUNG Ber­ Mudians Left Bermuda Sept
    >^ REGISTERED _, , Vol. 31. No. 3. HAMILTON, BERMUDA— FRIDAY, SEPTEMBER 30, 2005 Price: 250 Left for Cuba last weekend EIGHT YOUNG Ber­ mudians left Bermuda Sept. 24 to take advantage of scholarships on the Caribbean island of Cuba, KEISHEN BEAN KEVIN DARRELL thanks to the efforts of Dr. IMAN GIBBONS JASON nus Pauulu Kamarakafego (Roosevelt Brown). Kamarakafego, who is the president of the Ber­ muda Friends of Cuba, told us he discussed schol­ arships in Cuba with Lazaro O. Fleitas R when he was in Bermuda a couple of years ago. Lazaro is the Latin Ameri­ can and Caribbean Divi­ sional President of the MALACHAI ZAHRA Cuban Institute of Friend- MISHAEL SHUAIB MUHAMMAD MUHAMMAD Continued on page 2 PAYNTER WORRELL Wi Svt~ t^_j,,, 'A . •m-j'^i',*- -Alt- HOTELS SIGNING Members ofthe BIU Hotel negotiating team are shown signing the 3-year collective agreement between the Union and the Hotel Employers of Bermuda (HEB) at BIU Headquarters this week. Signing on behalf of the BIU were President Derrick Bui^ess, Sister Molly Burgess, Brothers Herbie Bascome, Raymond Russell, Jr., Carvel VanPutten, Kim Tucker, Ricky Durrant, Sisters Yvonne Nesbitt and Mia Williams. (See HEB team on page 12). ship with the Peoples. Contmued from page 1 "We told them what scholarships we're interested in based around need", said Dr. Kamarakafego. "Fol­ lowing the scholarships being made available, we checked out young people who were already m higher schools of learning and we were able to come up with these eight. The seven males and one female student were studying everything from Pedagogy (Profile in Special Education) to Chemical and Civil Engineering, and they all have to undergo a nine-month course in Spanish "before they go on to their chosen fields.
    [Show full text]
  • PLP 2007 Platform
    Our National Objectives Democracy and Development Social Transformation Culture, Identity and Community Empowerment and Entrepreneurship Individual Progress and Prosperity Integrity and Accountability in Public Life Education and Excellence Youth in the New Bermuda Tourism Leadership Premium Health and Housing Protection of the Vulnerable The Power of Partnerships Improved Public Services Alternative Energy Public Safety and Security Sustaining our Environment 1 Message from the Leader Dr. The Hon. Ewart Brown “We have learnt the art and science of government and we conscientiously practice it to the greatest good of the greatest number of the Bermudian people. Bermuda is on the right track and heading in the right direction under the PLP. We intend to increase the momentum, and that we shall do.” Fellow Bermudians, Bermuda goes to the polls on in the right direction under the 1998 print advertisement with Tuesday, December 18 in an PLP. We intend to increase the a dreadlocked PLP officer and election that will be pivotal to momentum, and that we shall. candidate lined up in the cross our country’s future. Patterns hairs of a sniper’s rifle, wins the of Progress, the PLP Election The choices facing the electorate Piety Award when compared to Manifesto, offers ample bases are to continue to progress with the editorial assault of this cam- on which to decide your choice the PLP or to go back to the past paign of 2007; and the savage in the General Election. Our under the UBP. Because of the smut that is circulated by viral platform has emerged from the horror of forgetfulness, there are email.
    [Show full text]
  • WORKER CLAIMS LEGAL 'DISCRIMINATION'! Former BBC Employee Told He Vol
    STORAGE ROOM BERMUDA C LLEG£ LIBRARY WORKER CLAIMS LEGAL 'DISCRIMINATION'! Former BBC employee told he Vol. 15. No. 4. Price: 15 cents Hamilton, Bermuda-Friday, Oct. 10, 1986 cannot be represented by BlU Brother Deryck Symonds — one of the former employees of the Bermuda Broadcasting Name the Theatrel Company who has accused that company of discrimination — has been informed by the Mini- istry of Community Affairs that his case, along with five other aggrieved persons, will be heard The Executive Board of the BlU is asking by a Commission of Inquiry. However, Brother Symonds was told by the Ministry that he can­ its members and the community as a whole to not be represented by the Bermuda Industrial Union. NAME THE THEATRE. All persons interest­ This came to light this week when Mr. Loudru Robinson, the director, acting on the ad­ ed in suggesting a name for the cinema, which vice of the Attorney Genera), said that Symonds "shall be entitled to be represented by coun­ is situated in the new union building, are sel at the whole Inquiry". In other words, neither the BlU nor any other agent other than a asked to put the proposed name in an envel­ lawyer can represent Symonds. ope and deposit it at the BlU reception. Mark it "NAME THE THEATRE". Symonds, better known as Cousin Juicy, told The Workers Voice that he and his union­ ised colleagues decided that the union would represent them at the hearing. "I have a right to be represented by anyone I choose and I selected the BlU.
    [Show full text]
  • Hansard 6 October 2017
    2017/18 SESSION of the BERMUDA HOUSE OF ASSEMBLY OFFICIAL HANSARD REPORT 6 October 2017 Sitting number 5 of the 2017/18 Session (pages 265–360) Hon. Dennis P. Lister, Jr., JP, MP Speaker Disclaimer: The electronic version of the Official Hansard Report is for informational purposes only. The printed version remains the official record. Official Hansard Report 6 October 2017 265 BERMUDA HOUSE OF ASSEMBLY OFFICIAL HANSARD REPORT 6 OCTOBER 2017 10:02 AM Sitting Number 5 of the 2017/18 Session [Hon. Dennis P. Lister, Jr., Speaker, in the Chair] MESSAGES FROM THE SENATE PRAYERS The Speaker: There are none. [Prayers read by Mr. Clark Somner, Deputy Clerk] PAPERS AND OTHER COMMUNICATIONS TO THE HOUSE CONFIRMATION OF MINUTES [Minutes of 29 September 2017] The Speaker: Yes, we do have those. And I would like to recognise the Premier. The Speaker: Good morning, Members. Premier, you have the floor. I received the Minutes from the meeting of the th 29 of September. Are there any objections or any REFORMING THE TAX SYSTEM AND ITS amendments? ADMINISTRATION FOR FISCAL CONSOLIDATION No objections; no amendments. The Minutes are confirmed. Hon. E. David Burt: Thank you, Mr. Speaker, and good morning to you. [Minutes of 29 September 2017 confirmed] Mr. Speaker, I have the honour to attach and submit for the information of the Honourable House of MESSAGES FROM THE GOVERNOR Assembly a report entitled “Reforming the Tax System and Its Administration for Fiscal Consolidation,” pro- The Speaker: There are none. duced by the Caribbean Regional Technical Assis- tance Centre (CARTAC) for the Ministry of Finance.
    [Show full text]
  • Doing Business in Bermuda: 2014 Country Commercial Guide for U.S
    Doing Business in Bermuda: 2014 Country Commercial Guide for U.S. Companies INTERNATIONAL COPYRIGHT, U.S. & FOREIGN COMMERCIAL SERVICE AND U.S. DEPARTMENT OF STATE, 2010, ALL RIGHTS RESERVED OUTSIDE OF THE UNITED STATES. Chapter 1: Doing Business In Bermuda Chapter 2: Political and Economic Environment Chapter 3: Selling U.S. Products and Services Chapter 4: Leading Sectors for U.S. Export and Investment Chapter 5: Trade Regulations, Customs and Standards Chapter 6: Investment Climate Chapter 7: Trade and Project Financing Chapter 8: Business Travel Chapter 9: Contacts, Market Research and Trade Events Chapter 10: Guide to Our Services Return to table of contents Chapter 1: Doing Business in Bermuda Market Overview Market Challenges Market Opportunities Market Entry Strategy Market Overview Return to top English-speaking Bermuda is a 21-squre-mile island isolated in the Atlantic Ocean, 700 miles away from its nearest neighbor, the United States. Proximity makes the U.S. Bermuda’s primary trading partner. With no natural resources other than its appeal as an offshore business center and a vacation destination, Bermuda imports most everything; 68% ($601.4 million) of the island’s imports derived from the U.S. in 2012, the latest date for which statistics are available. In addition, Bermuda’s tourism industry relies on U.S. visitors - more than 472,000 or about 81% of all cruise and air passengers in 2013. An estimated 8,000 U.S. citizens also live in Bermuda. Bermuda’s economy relies on foreign direct investment (FDI), primarily international business (IB) – insurance and reinsurance. Tourism also brings in foreign exchange, but to a much lesser degree.
    [Show full text]
  • The Social and Historical Construction of Black Bermudian Identities: Implications for Education
    The Social and Historical Construction of Black Bermudian Identities: Implications for Education By Donna May Outerbridge A thesis submitted in conformity with the requirements for the doctoral degree Graduate Department of Humanities, Social Science and Social Justice Education Ontario Institute for Studies in Education University of Toronto © Copyright by Donna May Outerbridge (September 2013) Donna May Outerbridge The Social and Historical Construction of Black Bermudian Identities: Implications for Education Doctor of Philosophy Department of Humanities, Social Science and Social Justice Education University of Toronto (2013) Abstract This dissertation looks at the historical and social construction of Black Bermudian identities, and how identities have been shaped in contemporary Bermuda by its education system. I grapple with, and attempt to make sense of the complexities, messiness, ambiguity, disappointments, and painful reality of Black Bermudians’ identity and cultural dynamics. It is necessary to have a total understanding of identity and its connections not only to enslavement and colonization but also the rest of the Caribbean and Africa. The present understanding creates an amputated sense of self. Through the use of three concepts: Afrocentricity, Anti-colonialism and creolization, this dissertation seeks to reunify Bermuda with the rest of the Caribbean and Africa by moving Bermuda from the peripheral of international discourses to the larger and broader discussions on African-diasporic identity. It is through the synthesis of these theories that Black Bermudian identities and how Black Bermudians self-identify are understood through their various forms of resistance to dominant narratives. The dissertation also proposes a re- examination of the role of schooling and education—through teaching curriculum, texts and pedagogical practices—in producing a particular narrative of Black identity and the implications of such knowledge in constructing Blackness in Bermuda.
    [Show full text]
  • Bermuda Industrial Union Tribute to Sis. Laverne Furbert SEPTEMBER 1, 1946 - JANUARY 31, 2021
    THE WORKERS V ICE Volume 46. No. 13 Monday, MARCH 8, 2021 Price 50 cents Bermuda Industrial Union Tribute to Sis. LaVerne Furbert SEPTEMBER 1, 1946 - JANUARY 31, 2021 Lionel Pearman and when he passed she took over preparing the paper IN OUR OPINION along with the then Editor, the late Bro. Calvin Smith. Brothers & Sisters Trade Unionism opened the door Life is a satisfying experience and for her to encourage persons to a very challenging journey. In display their talents and abilities to the midst of this journey we are express themselves. She was fearless fortunate to meet people like Sis. in her opinions and demonstrated LaVerne Furbert. her ability to take our issues with a determination to make her point. Sis. LaVerne was different than most people, she was open-minded and Working at the BIU truly was the unafraid to speak with conviction perfect job for Sis. LaVerne. Her on issues and topics you and I would office sits right in the middle of not touch. In the last few weeks since the two titular officers, the General her passing many have paid tribute President and the General Secretary. to Sis. LaVerne and have called her Her role was to manage their sched- a warrior, fearless, a drum major and ules, organize press conferences, do many other heroic names. their personal typing but no job was too small, she would drop them off We the staff of the Bermuda to meetings and pick them back up Industrial Union (BIU), Sis. as well. Having a secretary who was LaVerne’s second family would “in the know” and well-connected like to talk about the well-dressed by the union as the Secretary to was a true benefit.
    [Show full text]
  • Diet Delightfully With
    qxq {HI JBermuda -^ Record gives ameal ■ ( Published Bi-Weekly PRICE: (id. Wednesdays: !/" Saturdays man-a, eall VOLUME XXXVIII HAMILTON. BERMUDA, SATURDAY, SEPTEMBER 9, 1961 No. 12 — - ■ ' ■ -_. ■■ ■■■■■"< -■ , **:: ■ ■ ■■ ■ Leopard*. CI' b Speater Says: *-?»?^**w^ _„gaSf ■ ■■%w&■ ■ Wr*^ ' ■s* _^_^__fZ m\W .■ ■mt -'-' ZxZ' W IS I - ___F H n iz_n,___f\ Mk/kML 'X-/ mi.\A—M \Urmudian* Should fl W-m\m\ - _____tm______ttm^x* Zbiz x—: ■ ■*_E_\r^r Jmm\m' \mm\\ x-^iiZ^^^m .- Til^M&2mm.kS9&:^WW\ be by "v. ___m N«#t Blinded < *jff\ vW MP^ ' ©raJ* M P^^^^^B^BB^ir *f*wM mmmm WW BFxMI *3_S %7w_m\ W_\_M______ - atam ZeWmTmmmmSm^mmmWmkmt kam . Stmmty^m m Advances Made Here __yk_ *"" rrl MM \j_W MM m\m\W j^_M Mm. ■^■t■., ' ' wU|| . JUL V^ ran ■Pl ':. ii'iuli has m-idc some ptrgirsa toward" sol1 nj j ■■ WI JL, i^ ||*^ iii^Ji ■ ts ocial, political and econo,n:c problems in the "■" is, Ihe p-oplc should not be blinded by this . 'd . -ip to the c'lnllcnges which h.uc to be faced in the ir_m future ' Tbi ■ rieu u.i " expressed hv 1I-* Feb thai with — an hone TXPANDED WARWICK CLUB OPENS Mr. Morrison Swan, one of the stalwarts of Ihe Rev. We lei Wharton, ,i effort mi ine* p.irt e>l ihe- leaders. Warwrek Woibmen's Club is seen here as he declared the' club's new auditorium open in formei '»"■--* i journalist, wbo Bcimuda i'oubl be a for model ieremoay oa Tharaday. The club has spent i'ln.ooo on the new audtorium and ini- spoke ;it the weekly supper tin- real nf the world em " ' " bow ; i>\ iic> other club aiiie-nities.
    [Show full text]
  • Doing Business in Bermuda: 2016 Country Commercial Guide for U.S. Companies
    Doing Business in Bermuda: 2016 Country Commercial Guide for U.S. Companies INTERNATIONAL COPYRIGHT, U.S. & FOREIGN COMMERCIAL SERVICE AND U.S. DEPARTMENT OF STATE, 2016. ALL RIGHTS RESERVED OUTSIDE OF THE UNITED STATES. Table of Contents Doing Business in Country ............................................................................................................................... 4 Market Overview ..................................................................................................................................................... 4 Market Challenges .................................................................................................................................................... 5 Market Opportunities ............................................................................................................................................... 5 Market Entry Strategy .............................................................................................................................................. 6 Political and Economic Environment ............................................................................................................... 6 Political Environment ............................................................................................................................................... 6 Using an Agent to Sell US Products and Services ....................................................................................................... 6 Establishing an Office
    [Show full text]
  • Bermuda RISK & COMPLIANCE REPORT DATE: January 2017
    Bermuda RISK & COMPLIANCE REPORT DATE: January 2017 KNOWYOURCOUNTRY.COM Executive Summary - Bermuda Sanctions: None FAFT list of AML No Deficient Countries Not on EU White list equivalent jurisdictions Higher Risk Areas: Offshore Finance Centre Compliance with FATF 40 + 9 Recommendations Medium Risk Areas: Weakness in Government Legislation to combat Money Laundering Major Investment Areas: Agriculture - products: bananas, vegetables, citrus, flowers; dairy products, honey Industries: international business, tourism, light manufacturing Exports - commodities: reexports of pharmaceuticals Exports - partners: Australia 17%, US 14.8%, Indonesia 12.6% (2012) Imports - commodities: clothing, fuels, machinery and transport equipment, construction materials, chemicals, food and live animals Imports - partners: South Korea 46.2%, US 21%, Singapore 9.9%, China 7%, Turkmenistan 4.8% (2012) Investment Restrictions: The GOB welcomes foreign direct investment and continually seeks to develop innovative new financial services and products that manage risk and facilitate the efficient flow of capital. Incorporating a company in Bermuda is a relatively straightforward, well 1 regulated, and efficient process, and the GOB has recently announced its intention to streamline the process even further. Foreign investors should be aware that Bermudians generally feel strongly about ensuring that the assets of Bermuda benefit Bermudians, guaranteeing Bermudians have first preference with regard to employment, and retaining real property for the citizens of Bermuda.
    [Show full text]