Today, the White House announced that it would start taking steps to ease restrictions on Cuba. Keep mind these are baby steps, primarily regarding family travel and gift giving, but they are steps in the right direction nonetheless. With bills for removing the embargo in our legislature as we speak, it’s only a matter of time before we’re engaging in prolific trade with the Caribbean island. This would be good news for many gaming, resort, and sugar companies (specifics found in our earlier post).

For weeks now the liberal world media dutifully has been repeating dire threats against so-called “tax havens” from the big spending, high taxing, anti-tax competition likes of Germany’s Merkel and France’s Sarkosy.

Even President Obama allowed his less than impressive Secretary of the Treasury to make some noise against tax havens.

The orchestrated battle of words hurled at offshore financial centers got so heated that British PM Gordon Brown felt obliged to demand for “the end of tax havens.”

This belated anti-tax haven baloney comes from Her Majesty’s first minister whose government is in charge (and has been for a decade) of the United Kingdom’s many tax havens in its overseas territories (Bermuda, the Cayman Islands, British Virgin Islands, the Turks & Caicos) and its Crown Dependencies (the Channel Islands of Jersey and Guernsey and the Isle of Man), plus Gibraltar.

Does the Rt. Hon. Gordon believe that the

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The fraud scandal surrounding Allen Stanford and his consortium of investment firms grew to shocking proportions today (Thursday) as it spread its tentacles from the United States and the Caribbean to Latin America and Europe.

The sordid web of allegations against Stanford grew from outright fraud and security violations to possible connections with Mexican drug cartels, money laundering, and canceled cricket matches as people scrambled to get their money back from firms linked to the Texas billionaire.

Meanwhile, the U.S. Security Exchange Commission, already reeling from the shock generated by the alleged $50 billion Ponzi scheme fraud blamed on Wall Street veteran Bernard Madoff, could offer no assurances that more scandals would not occur.

When asked whether there would be more fraud cases of the scale and scope of Madoff and Stanford, U.S. Attorney General Eric Holder told reporters: “It’s hard to say. I’d like

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