Word: bermudas
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Dates: during 2000-2009
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...Bahamas at $99 one way. Low-cost Frontier Airlines has become so successful flying to five cities in Mexico that it flies more passengers from Denver to Mexico than any other carrier. JetBlue has also applied to the U.S. government for permission to fly to the Bahamas, Bermuda, Canada and Jamaica. --By Sally B. Donnelly
Still, there are always those small dents. For my part, I’ll be wading in the Bermuda Triangle, if you know what I mean...
...more transparent about offshore holdings, including the way they are accounted for (or not) on the books. In the U.S., John Kerry, the front runner in the race to become the Democrats' candidate for President, is promising that, if elected, he'll introduce legislation to eliminate Bermuda's offshore "creed of greed" within 500 days of taking office. "Corporate Benedict Arnolds" must return to the U.S., he says. Much of the offshore money is legitimate, but it's certainly a tempting political target. The U.S. alone estimates that it loses between $54 billion and $70 billion in tax revenues...
...volcano if others are not ready to follow." Corporations feel the same way: Why give up a legal advantage? The board of Tyco, for example, is recommending to shareholders that they vote at the annual meeting next month for the scandal-ridden firm to remain incorporated in low-tax Bermuda. But some investors and bankers are now focusing on the issue as a result of the recent scandals. While many big investors have been relaxed about companies using offshore holdings to reduce their tax burdens, overuse of havens can raise red flags. Indeed, in December 2002, a year before Parmalat...
DIED. CHARLES BERLITZ, 90, linguist and author who explored the paranormal; in Tamarac, Fla. A grandson of the founder of the Berlitz language schools and a onetime head of the company's publications, he reportedly spoke more than 30 languages. But it was his 1974 best seller The Bermuda Triangle, on the disappearance of planes and ships in an area of the Atlantic Ocean, that made him internationally famous...