Thursday, May 14, 2009

Interesting News

I think I will write about Bermuda, after all I was born there. Did you know that Bermuda is only 20.6 sq. mi.? Bermuda is actually a cluster of 138 islands that were settled in 1612 by the British. I was born in the new capital City of Hamilton that lies in Pembroke Parish, not in Hamilton Parish as most would expect. My family and I traveled to Bermuda about five years ago and one of the guides joked that Bermuda only made two things in the islands: Rum, and babies... naturally in that order too. However, finance is the largest sector followed by tourism and an unemployment rate of -21%. That means they ship people over to work... not bad! The beaches in Bermuda are renowned for their pink sand, which actually comes from the coral off the coast along the reefs which surround the islands. Bermuda has the fifth oldest acting parliament in the world.



Bermuda's per-capita income is 50% higher then that of the United States. In 2007 Bermuda had a GDP of $5.85 billion, or $91,477 per-capita this gave Bermuda the highest GDP in the world. This becomes an issue because the average cost of a house was estimated in 2007 to cost $1.845 million although these figures have been disputed. The Bermuda Stock Exchange is now the largest fully electronic offshore securities market.



In July of 2005 the population was estimated at 65,365 wherein 54.8% were black and 34.1% were white.



I think that does it for today. But this is where I was born, and if you ever get a chance to visit I would take it. The island is small but it is a ton of fun. Don't forget that Bermuda also has the worlds smallest draw bridge too.







Until next time...

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