Thursday, September 2, 2010

International News

Opposition offers to fight Stanford lawsuit
Thursday, July 23rd, 2009

ST. JOHN'S, Antigua & Barbuda: The Opposition Antigua Labour Party (ALP) says it's willing to assist in the government's defense against a lawsuit filed by investors who claim the administration had a role to play in Sir Allen Stanford's US$8 billion fraud.

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Opposition Leader Lester Bird said the offer of assistance was made despite the United Progressive Party (UPP) administration's efforts to blame the former ALP government for the Stanford debacle.

After the lawsuit was filed, Attorney General Justin Simon expressed hope that the ALP would assist the UPP regime's defense.

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Jamaica expecting record number of Canadian tourists

Wednesday, October 7th, 2009

KINGSTON, Jamaica: Minister of Tourism Edmund Bartlett says a record number of Canadians are expected to visit the nation during the upcoming winter tourist season.

"Canada is our fastest growing market," Bartlett said. "Two years ago, the Canadian market was providing around 150,000 Canadian stopover visitors and, for this year, we're looking at close to 300,000, which represents a 28 per cent increase over last year."

Bartlett was speaking during a recent visit to Canada to thank travel partners for helping to make Canada the fastest growing market for Jamaica. He met with travel agents, airline officials and tour operators in Edmonton, Calgary and Winnipeg, which have shown strong growth in recent times.

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Barbados will stand firm on immigration policy – PM
Wednesday, September 23rd, 2009

By RON FANFAIR
While promising to investigate alleged mistreatment of Caribbean nationals living in Barbados, that country’s Prime Minister says he’s not backing down from his government’s new immigration policy targeting illegal migrants.
David Thompson announced last May that Caribbean migrants could apply for amnesty if they have been in Barbados for more than eight years, but other undocumented nationals have until December 1, 2009 to regularize their status or face deportation.
The new policy could affect hundreds of Guyanese and other Caribbean nationals living in Barbados, some of whom have complained that Barbadian immigration officials have treated them unfairly.

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Spencer returned to power in Antigua/Barbuda
Monday, March 16th, 2009

By RON FANFAIR

Antiguans and Barbudans have given the United Progressive Party (UPP) and its leader, Baldwin Spencer, another five-year mandate to govern the twin-island nation.

The party secured nine seats, which is three less than it captured in the 2004 elections while its main rival, the Antigua Labour Party (ALP), increased its seat total from four to seven in the 17-seat legislature. Trevor Walker, whose Barbuda People's Movement is closely aligned with the ALP, retained his seat on the island that forms part of the state of Antigua & Barbuda.

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U.S. accuses Stanford of running a “Ponzi scheme”
Monday, March 2nd, 2009

WASHINGTON, D.C.: The United States Securities and Exchange Commission (SEC) has accused Texas financier, Allen Stanford, of committing a multi-billion-dollar fraud in a similar manner as Wall Street financier, Bernard Madoff.

"For at least a decade, R. Allen Stanford and (his accomplice) James M. Davis, through companies they control...executed a massive Ponzi scheme," the Securities and Exchange Commission (SEC) said in an amended complaint.

A Ponzi scheme, named after a crook in the 1920s, is a pyramid scheme where new investors' money is used to pay profits to existing clients.

Madoff was accused in December of masterminding a similar scheme for $50 billion.

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