Archive | July, 2004

John Kerry’s Monstrous Record on Civil Liberties

By John Berlau – For John Kerry, the specter of Attorney General John Ashcroft trashing Americans’ civil liberties has been a useful campaign prop. In campaign stops, Kerry has promised to “end the era of John Ashcroft and renew our faith in the Constitution.” In a Kerry administration, he promised the liberal group MoveOn in […]

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Bermuda bans insider trading

BERMUDA: After a half century as an offshore banking haven for companies from the United States and other nations, Bermuda has followed the lead of other financial centres, banning insider trading and market manipulation. The island nation’s Senate passed the insider trading and market manipulation laws yesterday, following a similar move by the House of […]

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Jobs going offshore

By Katherine Yung – DALLAS – American workers are encountering a harsh truth about how they earn a living: Old expectations about safe careers, the best opportunities and steadily rising incomes are being shaken as never before. For the first time, a growing number of middle-tier service jobs — software engineers, financial analysts and the […]

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US banking giant to buy out Island hedge fund administrator

By Lilla Zuill One of America’s biggest banks – JP Morgan Chase & Co. – is putting down roots in Bermuda with its announcement yesterday that it was buying up a fund administrator operating on the Island. The deal, for an undisclosed amount, will see JPMorgan Chase – which is reputed to be second largest […]

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Collapse of Rock hits expats

By Jon Boone Gibraltar gave the English language the phrase “as safe as the Rock”, such was the impregnability of the fortress base for the Royal Navy. But the same cannot be said about Rock Financial Services, an execution-only brokerage company based in Gibraltar that collapsed last year losing £12m and leaving hundreds of small […]

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Wealth Management and Offshore Bonds

by Bill Blevins A thorough wealth-management programme needs to consider various aspects, including tax efficiency, income requirements, possibility of above-average returns, inheritance issues, probate, dependents, family requirements and administration simplicity. Many individuals work on these separately or only consider some of them. It is, however, possible to incorporate them all together in one financial planning […]

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Offshore Software Development in Russia

By von Ron Lewin (The American Chamber of Commerce in Russia) “Offshore Software Development” in the IT world is the term most often used to describe the business of outsourcing software programming and engineering services to contractors or wholly-owned facilities located in foreign countries with lower labor costs. India is the largest provider of such […]

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Tell the taxman about offshore savings

By Lesley Campbell A LITTLE known piece of EU legislation is set to come in to force in January next year which may catch out a number of innocent British citizens. The directive aims to identify citizens of EU member states who are avoiding tax by keeping funds offshore. It raises, yet again, the complex […]

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Analyst connects the dots in markets

By Sherry Slater The secret to predicting the stock market’s direction lies in understanding the commodities market, an Iowa-based author says. Glen Ring, an analyst and speaker, will offer his insights to local investors Thursday and Friday as he explains how various markets interact. The evening, introductory session is free. The day-long, advanced session costs […]

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