VANCOUVER, Nov. 6, 2012 /PRNewswire/ – Ballard Power Systems (NASDAQ: BLDP) (TSX: BLD) today announced that, during the difficult circumstances presented by Hurricane Sandy, the Company’s ElectraGen™-ME methanol fuel cell systems performed exactly as designed, providing critical electricity to the Bahamas mobile telephone network when the storm downed power lines and cut off grid power.

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President Barack Obama, whose hope-and-change campaign promises yielded to grim economic realities in the White House, defied history to win re-election last night, as wary Americans seeing glimmers of a recovery handed him a second chance.

This is an excerpt from Bloomberg as it appeared on November 7, 2012. For updates or to read the current version of this post in its entirety, please click here.

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Remarks by Minister of Financial Services Ryan Pinder at the Foreign Account Tax Compliance Act (FATCA) symposium held in Nassau Monday, November 5, 2012:

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The Bahamian government is committed to fiscal recovery and reform of the financial sector, according to Minister of State for Finance Michael Halkitis, adding that tax reform and modernization of the administration of the tax system were key goals for the near future.

Officially opening Accountants’ Week in Nassau, the Minister said the government would grow the economy by attracting foreign direct investment and investing in education and training to make the workforce more competitive.

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The Paradise Island bridge was renamed in honour of Sir Sidney Poitier last weekend. Watch a video of the celebrations here.

The Ministry of Financial Services is set to consult with the private sector on how best to meet the requirements of the US Foreign Account Tax Compliance Act (FATCA), which will become law next year and forces foreign financial institutions (FFIs) to disclose information on their US accounts to the US Treasury.

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Vessels from all over The Bahamas are being decorated and strewn with lights ahead of the annual Festival of Lights this weekend. Watch a video about the event here.

VANCOUVER, Canada – Led by the Sustainable Tourism Unit and with the support of Small Planet Consulting, The Bahamas Ministry of Tourism (Web: www.bahamas.com) recently launched their first-ever birding tourism development plan. The preparation of the plan was championed by Earlston McPhee, head of the Sustainable Tourism Unit. McPhee is well known for his work for over 25 years in promoting sustainable tourism development in the Caribbean and around the world.

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This is an excerpt from Ecoclub.com as it appeared on November 5, 2012. For updates or to read the current version of this post in its entirety, please click here.

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As uncertainty grows over the new US Foreign Account Tax Compliance Act (FATCA), which is due to become law next year, financial services professionals in The Bahamas are gathering information from industry leaders on how the new regulations will affect them.

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The Bahamas Financial Services Board (BFSB) has named UBS associate director Brian Jones as the recipient of the Financial Services Development & Promotion Award 2012 in recognition of his development and promotion of the Super Qualified Investor Fund–the SMART Fund Model 007 (SFM007).

This latest SMART Fund template, approved by the Securities Commission of The Bahamas (SCB) August 10, 2012, may be offered on a private placement basis to “super qualified investors” who must make a minimum initial investment of $500,000.

The investor-centric fund model is designed to better accommodate professional asset managers, institutional investors and ultra-high-net worth individuals, all of whom stand to benefit from the risk-based approach to structuring and operating private placement funds available in The Bahamas. It is licensed as a compliant and transparent investment fund by the SCB.

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