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Bahama Islands News, Articles and Information
His place in the sun
It was December 1492 when explorer Christopher Columbus landed on the coast of what is known today as the Dominican Republic, calling it Hispaniola, or Little Spain. In his diary, he described the lush and mountainous terrain as the "most beautiful in the world." On subsequent voyages to the New World, Columbus returned to Hispaniola and upon his death asked that his remains be buried in Santo Domingo, on the south coast. Santo Domingo is now the site of the longest unbroken European settlement in the New World and a United Nations-designated World Heritage city. You could think of Columbus as the first Caribbean "tourist." More than half a millennium later, the Dominican Republic which takes up the eastern two-thirds of Hispaniola, the impoverished, politically unstable nation of Haiti comprising the remaining third is fast becoming the destination of choice for a growing number of sun-worshipping vacationers and those, like aging boomers, seeking a second home in a tropical paradise.
Bahamas Realty wins award for best website
A leading international luxury market real estate association has voted Bahamas Realty website number one for 2006, ranking it top in a field of 1,100 members in a competition that included many of the world's most exclusive firms.The honour, awarded in Chicago during the closing ceremony of the 11th Annual Luxury Real Estate Member-ship Conference, took Bahamas Realty CEO Larry Roberts by surprise.
"To win this award in a global arena in competition with the who's who of luxury real estate brokers and offices, to be singled out in this kind of exclusive high-end market competition, is really quite an honour," said Roberts, a second generation realtor whose father founded the firm in 1949.
Bahamas Realty was first to introduce web marketing as a sales tool for property in The Bahamas.
Dell Bulls Give Thanks
The best things in life are worth the wait, and Dell (DELL) investors had much to be thankful for Wednesday after the computer maker's delayed earnings report beat Wall Street's expectations. Shares of the Round Rock, Texas, computer-hardware maker climbed 9% in midday trading.A week after shares dipped when Dell announced it would delay its fiscal third-quarter results amid investigations of its accounting practices, the company late Tuesday released earnings of 30 cents a share, buoyed by growth in laptop sales. Wall Street analysts expected a profit for the three months ended Nov. 3 of 24 cents a share, according to earnings tracker Thomson First Call. A year earlier Dell earned 25 cents.
Revenue for the quarter rose to $14.4 billion from $13.9 billion a year ago.
Sovereignty is more important than foreign fund flows
There is a chorus out there for foreign investments, in the form of FII and FDI, that are touted as the panacea for all our ills. The percentage of investments in various activities ranges from 26 to 100. There is automatic approval one of the best oxymorons nowadays and the red carpet welcome, what with single windows and multiple doors at the State level. However, one important aspect that has not been given adequate attention is that of national security.National Security
We need to think this issue through carefully and, perhaps, have an inter-ministerial geo-strategic group look at various issues of strategy in the evolving global situation before celebrating the foreign funds flow. We should know the sources of the funds and who the ultimate shareholders are as that can have important implications.