Word: bermudas
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Club trip to Bermuda includes a suspicious number of visits to unregulated banks...
...Tyco. But while there appears to be nothing illegal about Tyco's bookkeeping, jumpy investors are suddenly setting a higher standard. They want to see clearly how a company earns, spends and invests. And Tyco--despite its planned reorganization--remains a complex conglomerate, with headquarters in tax haven Bermuda. Many investors feel it still doesn't reveal enough. Says James Chanos, president of hedge fund Kynikos Associates: "Investors just have to exercise a fair amount of diligence when looking at companies that appear confusing...
...also extremely busy senior needs to unwind, his idea of a great party is one with some attractive girls, his roommates, and all of his friends from the Hasty Pudding and Tommy. Kevin adds, the party will “probably be one with a lot of fun Bermuda drinks like Rum Swizzles and Dark and Stormies that the Pudding drinks when we’re in Bermuda...
...Japanese, kano is a homonym for a word meaning possible. But for the average citizen, the sisters embody the impossible?and not just because of their Barbie-doll proportions. They have shirked marriage, preferring to live together, and spend half the year abroad in exotic locales like Monaco and Bermuda. They dress in Ungaro if they dress at all. Kyoko never goes out without her 24-carat diamond ring; Mika has her G-cup bras custom-made (they won't confirm or deny plastic surgery). "To Japanese, we are like anim? characters," Kyoko sighs over a five-course dinner...
...bold investors are finding opportunity in that angst. This year, more than 5,000 miles of undersea fiber-optic cable is being laid from Miami to the Yucatan to the Bahamas, wiring 15 countries and islands. The $450 million venture is led by a firm based in Miami and Bermuda, aptly called New World Network. "It makes sense for us precisely because the Caribbean is so underserved," says CEO David Warnes. The project will see $30 million in revenues this year, and Warnes says that figure should triple next year...