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Posts tagged ‘Caribbean’

Cuba’s Catholic Church Calls for Accelerated Reforms.

HAVANA — Cuba‘s Catholic Church urged the government Tuesday to move more swiftly on reforming the communist-ruled island’s Soviet-style economy.

“We cannot hope to build a prosperous country and society without prosperous citizens and without opening the doors to financial sources that generate prosperity,” Orlando Marquez, spokesman for the Havana archdiocese, wrote in an article published in the church’s “Palabra Nueva” journal.

Cuba has tinkered with pro-market economic change since President Raul Castro took over from his brother Fidel in 2006.

But playing off the communist regime’s “slowly, but surely” slogan, Marquez said the government needed to move more quickly to stay ahead of demographic trends that show a bulging elderly population and not enough young people to support them.

In 2030, “30 percent of the population will be more than 60 years old,” he said, calling for “the creation of conditions that spur birth and discourage emigration of young people who would be ready to work and invest their capital and know-how in Cuba, including Cuban emigres willing to return.”

“It’s a waste of time to constantly insist on the long-proven ineffectiveness of state control on all production and services,” Marquez said, insisting that “our country’s technological backwardness puts us in a difficult situation in light of our need to join the global economy.”

“Accelerating reforms and generating wealth would be the best way to stop then reverse the deterioration of our society’s two most important sectors: health and education,” Marquez said.

In the absence of a legal opposition, the Catholic Church has emerged over the past three years as the sole organization with the standing to negotiate politically with the Havana government on social and economic issues.

© AFP 2013

John MacArthur Suffers From Spiritual, Cultural and Theological Myopia.


Pastor John MacArthur
Pastor John MacArthur

John MacArthur suffers from spiritual, cultural and theological myopia. With great due deference to a Christian leader many of us admire, his conclusions regarding the largest and fastest growing of global Christendom, the Pentecostal/charismatic movement, speaks to a man ignorant of the community’s unbridled commitment to biblical orthodoxy.

Unfortunately, this blessed Christian leader cannot differentiate between substance and style, or engaging a biblical metaphor, between Christianity’s “wine” and the varied “wineskins.”

In other words, Mr. MacArthur should be focusing on the fact that while many in the church continue to abandon our Christian faith, the Pentecostal/charismatic community continues to offer the church a legitimate growth mechanism.

Correspondingly, with great due deference of course, he must be made aware that the optics of the criticism also imply a cultural naiveté. The epicenter of the World’s Pentecostal and charismaticdemographic stems not from North America but from the continents south of the equator.

In essence, he is condemning the very Christian narrative responsible for shining the light of Christ to God’s children in Africa, South America, the Caribbean and elsewhere.

As a result, this movement is one of the few non-white led and arguably the most ethnically diverse Christian movements in the globe today.

Finally, I encourage this gracious preacher to preach the word. In a world full of relativism, decadence, strife and apathy, John MacArthur should focus on preaching the word; Christ crucified, resurrected and coming back again.

The Rev. Samuel Rodriguez is president of the National Hispanic Christian Leadership Conference and the Hispanic Evangelical Association.



Cruz: I Forgot Ties to Overseas Holding Company.

Tea party favorite Ted Cruz says he forgot to disclose a piece of financial information when he ran for office in 2012. The Texas senator says he did nothing wrong and is working to fix the error.
A Senate ethics committee is looking into a promissory note Cruz holds from a Caribbean-based holding company.
According to Time, Cruz failed to disclose his relationship with the holding company when he filed his campaign papers last year.
Cruz invested in a Jamaican private equity firm founded by his college roommate more than a decade ago. When his wife started working for the Department of Treasury in 2003 Cruz severed all ties with the company, with the exception of a promissory note.
Cruz said the omission was an oversight. “In 2011, there was an inadvertent omission of this promissory note, and after a conversation with my college roommate I remembered it,” Cruz says.
Cruz, who is most recently known for his efforts to get rid of Obamacare, corrected the error himself in May, but the paperwork contained errors, according to Time.
In the paperwork, Cruz said the promissory note was for Caribbean Equity Partners Investment Holdings with a value between $100,000 and $250,000. But, according to Time, no company with that name is registered in Jamaica. There is, however, a company by the name of Caribbean Equity Partners Limited, of which Cruz was a founding director and preferential shareholder.
The Senate Select Committee on Ethics asked Cruz to amend the papers, and asked him to provide the nature of the promissory note, the entity that issued it, the city the entity was located in, and the date the note was issued. Cruz says he is in the process of getting this information for the committee.
The Texas senator says he has had no connection to the firm in more than a decade, is no longer a director or shareholder, and has received no money from the promissory note or the company.
According to Senate ethics, there are no prohibitions on being a director of a company or holding shares in, or notes on, a private equity firm or holding company. The rules state Senators can’t get paid for positions outside of their government service and must disclose all financial holdings.
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© 2013 Newsmax. All rights reserved.

By Lisa Furgison

Billionaire Branson Denies Fleeing UK to Avoid Taxes.

Virgin Group billionaire Richard Branson is denying that he fled Britain to avoid a 50 percent tax rate, saying he moved his family to their privately owned island of Necker in the British Virgin Islands for health reasons and because they love it there.

Britain’s Sunday Times reported that the 63-year-old Virgin airlines tycoon was using the residence as a tax shelter, and had relocated to take advantage of the islands’ zero tax rate.

However, Branson fired back in his Virgin Group blog post that he actually moved to the island seven years ago and continues to pay taxes, according to CNBC.

“I still work day and night, now focusing on not-for-profit ventures with Virgin Unite, but on Necker I can also look after my health,” he wrote, in a reference to his island getaway in the Caribbean.

“There is no better place to stay active and I can kitesurf, surf, play tennis, swim, do Pilates and just play,” Branson said.

Branson said his enterprises have created tens of thousands of jobs and have paid hundreds of millions in taxes. He said they would continue to do so.

“I have been very fortunate to accumulate so much wealth in my career, more than I need in my lifetime, and would not live somewhere I don’t want to for tax reasons,” he declared.

Related Stories: 

Billionaire Branson Leaves UK for Caribbean Tax Haven
More American Companies Seeking Off-Shore Tax Havens

© 2013 Newsmax. All rights reserved.
By Audrey Hudson

Billionaire Branson Leaves UK for Caribbean Tax Haven.

Image: Billionaire Branson Leaves UK for Caribbean Tax Haven

LONDON — One of Great Britain’s richest men, Sir Richard Branson, has permanently taken up residence in a Caribbean tax haven.

The London Sunday Times reports that Branson sold his Oxfordshire estate and will officially live in Necker, an island he bought in the 1970s and where he has spent much of his time the last seven years.
According to The Sunday Times, Branson’s new address means he will not be required to pay any personal income tax on earnings outside Britain, although he will still be taxed on U.K. earnings.

Editor’s NoteAn $87,500 Tax Loophole Discovered by Cherry Hill Accountant

Branson’s holdings include the Virgin Atlantic airline, as well as balloon flights and health clubs, and those companies continue to pay significant corporation taxes, the newspaper said.
A spokesman for Branson told the Times the move makes “no difference for tax purposes whether he is in the U.K. or the British Virgin Islands” because Branson mostly works on non- profit ventures and donates his income to charity.
Under British tax laws, Branson will not be allowed to spend more than 183 days in the U.K. in any one year.
Forbes magazine lists Branson as Britain’s sixth wealthiest man with a £2.9bn fortune – the equivalent of about $4.5 billion.

© 2013 NewsmaxWorld. All rights reserved.

Big Trouble in Paradise: Puerto Rico Faces $87B Collapse.

Image: Big Trouble in Paradise: Puerto Rico Faces $87B Collapse


Puerto Rico’s island paradise may be teetering on the precipice of a financial collapse that would make Detroit’s implosion look modest by comparison, economists and analysts warn.

Detroit, a city of about 700,000, went bankrupt after piling up $18 billion in debt. Puerto Rico, by contrast, has 3.7 million residents — and faces a whopping $87 billion in debt and unfunded pension liabilities.

“The Puerto Rican economy is near collapse,” prominent Puerto Rican economist Gustavo Vélez tells Newsmax. “The government is running out of money and there is no end in sight.”

Urgent: Should GOP Stick to Its Guns on Obamacare? Vote Here. 

Puerto Rico Senate President Eduardo Bhatia told bond analysts in New York on Monday that the Obama administration is “wondering how they can help Puerto Rico send a very strong signal of stability right now.”

He added that island officials are expecting “an announcement” soon from administration officials. But that appears to be at odds with a Bloomberg report that a U.S. Treasury Department spokeswoman said no plan is afoot to bail out the island’s economy.

In September, UBS AG and other U.S. brokerage firms warned some 40,000 U.S. investors and brokers to stay away from the bonds that Puerto Rico uses to finance its deficit. Not long afterwards, the island’s bond yield – the amount it has to offer to lure investors – rose to 9.29 percent, surpassing even that of Greece. Predictably, Internet headlines began referring to the beautiful tourist haven in the Caribbean as “America’s Greece.”

Puerto Rico, however, probably still has some time to work out its finances. Unlike Greece, very little of its debt is short term. But the New York Times reports Puerto Rico Gov. Alejandro Garcia Padilla and other officials are engaging in intense shuttle diplomacy between New York, Washington, and the Caribbean. Their objective: To convince bankers, credit analysts, and political leaders that the island is on a path toward restoring financial stability.

Since assuming office in January, Gov. Padilla has taken several austerity measures. State employees’ contributions to their pension plans were increased from 8.275 to 10 percent.
The retirement age was increased. Utility rates were hiked sharply to bring in more revenue, and new taxes have been imposed as well. So far, financial markets appear almost indifferent to the tough belt-tightening measures, leaving island officials frustrated.

Unlike Detroit, a declaration of bankruptcy for Puerto Rico may not be an option due to its status as a territory, rather than a state. The Times reports the Northern Mariana Islands tried to seek bankruptcy protection in 2012, but that effort was rejected by the courts. The way out of the legal limbo for Puerto Rico would be a financial plan of support enacted by the U.S. Congress. But that would assume Congress is better equipped to deal with Puerto Rico’s budget impasse than it has been dealing with its own.

The Times reports that the President’s Task Force on Puerto Rico has been discussing whether the U.S. Constitution gives Congress the power to impose special fiscal controls. One idea would be for Congress to designate a financial control board led by an official with the power to overrule its local, politically elected leaders. But the legality of such a move has reportedly not yet been established.

Puerto Rico leaders, meanwhile, object to the aspersions cast upon their ability to plug their fiscal liabilities, and insist the island is not on the verge of bankruptcy.

Alan Schankel, a managing director for the Janney Montgomery Scott investment firm, tells Newsmax that Puerto Rico will probably avoid a default in the near term. But, he adds, “this outcome isn’t assured.”

“The one assurance we make, is that volatility is likely to continue in the near term — and perhaps beyond,” he says.

Puerto Rico’s unemployment rate hit 13.2 percent in September. A fourth of the island’s residents receive entitlements such as food stamps or income assistance. Tax revenues, meanwhile, have steadily dwindled.

So how did Puerto Rico lose its status as one of the richest spots in the Caribbean? Economists cite the decline of its once-powerful manufacturing sector.

Fifty years ago, Puerto Rico relied primarily on exports of coffee, sugar cane, and rum. The tourist industry, of course, brought in revenue as well.

But the island’s biggest boost arguably came in 1976, when Congress effectively exempted Puerto Rico-based companies from paying federal income taxes. The goal was to boost the territory’s economy, and it worked. The tax breaks, coupled with the island’s proximity to the United States, made it a prime destination for multinationals.

Companies lured by low taxes, gentle tropic breezes, and reliably sunny weather made Puerto Rico a mecca of manufacturing. But the boom would be short-lived.

In the 1990s, critics attacked the tax breaks as too expensive. After an intense lobbying battle in 1996, Congress repealed the tax abatement, which was phased out over a decade.

As those tax breaks disappeared, much of Puerto Rico’s tax base disappeared with it. But Puerto Rico’s entitlements and liabilities, which rapidly expanded during the boom years, remained unchanged.

“The effect was immediate and crushing,” says Vélez. “Our economic model was developed around these tax breaks, and after they were allowed to lapse, investment just stopped, and that model just disappeared.”

As a result, hundreds of thousands of Puerto Ricans lost their jobs. About 100,000 Americans of Puerto Rican origin have relocated to the mainland in search of better opportunities, according to Vélez.

Urgent: Should GOP Stick to Its Guns on Obamacare? Vote Here. 

That Puerto Rico, whose name ironically translates to “rich port,” has avoided calamity as long as it has may be thanks to its attractiveness to investors. As a territory, Puerto Rico can offer bonds that pay tax-exempt interest across the country. It offers special legal protections to investors and a high rate of return. Investors gobbled up Puerto Rico’s bonds – to the tune of some $70 billion. But after markets were spooked by the signal earlier this summer from the Federal Reserve that it would not continue to prop up the bond markets interminably, Puerto Rico effectively found itself unable to sell its debt for less than outrageous prices.

Today, its credit is hovering at just one notch above junk-bond status, with the Wall Street agencies putting it on a negative watch for more possible downgrades. Considering the austerity steps the island has already taken, Puerto Rico officials are more than a little frustrated with the credit-rating analysts on Wall Street.

“I disagree with them and believe they are treating Puerto Rico unjustly,” Gov. Padilla said earlier this week.

If the credit-worthiness of the Commonwealth’s debt is downgraded yet again, it could trigger another run on its solvency. The New York Times reports that Puerto Rico has engaged in financial deals known as interest-rate swaps. These contracts force it to come up with additional cash as collateral, should its credit fall to junk-bond status. That could push the island’s balance sheet closer to the brink.

Padilla has tried to reassure investors that he can put the island back on an even financial keel, and the island’s 2014 budget includes over $1 billion in expected new taxes.

Puerto Rico’s Government Development Bank has stated: “We are confident that no major debt issuer will default on its debt.”

But skeptics aren’t so sure. The latest report to the federal officials who keep a watchful eye on the municipal securities market revealed that the commonwealth ran a $39 billion deficit in 2012. That was a $5.4 billion increase over 2011.

And if higher taxes create too big a drag on the Puerto Rican economy, the deficit could get even worse.

“The problem isn’t that taxes aren’t high enough,” says Vélez. “The problem is that the government has done nothing about spending, and there is no strategy that grows the economy and expands the tax base.”

Until that happens, Vélez warns, “the people of Puerto Rico are going to continue to struggle.”

Perhaps the biggest question stemming from Puerto Rico’s financial crisis is how it will affect the island’s ongoing bid to become the 51st state in the union.

Statehood is a near perennial question in Puerto Rico. In a nonbinding referendum conducted last year, 54 percent of Puerto Rican voters said they favored changing Puerto Rico’s current status as a commonwealth. But Puerto Rico Gov. Alejandro Garcia Padilla says that vote was invalid because the referendum referred to Puerto Rico’s “present form of territorial status” rather than describing it as a “commonwealth.”

There have been four plebiscites on statehood since 1967, and there may soon be another. President Obama has requested $2.5 million to pay for a new statehood referendum.
But given Puerto Rico’s deep financial turmoil, its leaders are busy just trying to avert insolvency.

“Right now we are aren’t even thinking about statehood,” leading Puerto Rican economist Gustavo Vélez tells Newsmax. “Right now the government is just trying to meet payroll.”

© 2013 Newsmax. All rights reserved.
By David A. Patten and Matthew Lysiak

PHOTONEWS: Annual Caribbean Labor Day Parade In Brooklyn, New York.


The annual Caribbean labor day parade on the Eastern Parkway in brooklyn New York today.

Photo credit: Sahara Reporters Media Group

Seek Out the Beauty of Youth, Not the Mess.


Are you looking at the inner or outer beauty of today’s youth? (Free Digital Photos)

Alisha’s life was a mess. Her family was dysfunctional and broken. Her past was littered with poor choices, shattered promises, substances and illicit relationships.

She hated her parents, despised authority and was angry with God … that is, until she met some people who saw beyond her exterior and realized the beauty that lay deep inside.

When she arrived on the campus of an international boarding school in the Caribbean, she was greeted by people who refused to evaluate her by what they saw. They did not judge her by her beauty, her height, her build or her features.

They did not get caught up in the rebellious scowl or the disrespect she projected onto anyone with authority. Instead, they dug deeper. They knew that behind the façade—deep under that pain, anger and hostility—there was innate beauty and waiting-to-break-free splendor.

When they first met Alisha, they did not react. They loved. They did not judge; they esteemed.

They did not give her what her actions deserved; they gave her what her soul was craving—what it needed.

I am sure that, at times, it was not easy. When she would spew venom on the staff, some wanted to respond in kind. When she wounded fellow students with her insensitive and selfish actions, it would have been easier to label her “troublemaker,” “agitator” or “rabble-rouser.” Instead they chose to see and respond as if she were precious, priceless and a worthy investment.

And it worked.

Alisha at 19 is nothing like Alisha at 15.

I had the privilege of meeting the beautiful, joy-filled young lady several months ago. And although I knew some of her past, I had problems believing this was the same girl who, just a few years prior, was angry, bitter and depressed. The Alisha I know is kind-hearted, full of life and encouraging. She is passionate about Jesus, life and others.

Alisha is the student any parent would be proud to call daughter and any youth worker would be pleased to have represent their ministry.

As I evaluated the drastic change that took place in Alisha’s life, I noticed several things that played a role in the transformation (structural stability, loving boundaries, faith, etc.), but I am convinced the one thing that played the greatest role in the makeover is perspective.

Alisha met people who saw beauty in the midst of her mess. Eventually, she began to see the same.

Beyond the Mask

When you look at the young people in your life, you have a choice. You can give them attention based on their behavior, or you can grant them grace based upon God’s love and plan for them.

You can address the external mask and demeanor, or you can speak to their heart.

When it comes to difficult people, you either give them what they are asking for or you give them what they need.

If you desire to encourage, empower and inspire your students, you will have to bite your cynical tongue, look deeper, pray harder and intentionally speak words of life, hope and promise.

But it all begins with your perspective. You will either see the external mess of their lives or the internal beauty of God’s intentions for them.

Although you can make a decision to change, your perspective it is going to take time, energy and effort. Occasionally you may look at them through yesterday’s lenses that are not Spirit-inspired. You may judge. You may struggle to see the beauty. You can, however, train yourself over time to truly alter your view.

Here are a few suggestions to help you get moving in the right direction:

  • Strategically pray through the lens of Scripture. Pray Psalm 139 over them by name. Instead of praying about their behavior, pray God’s intention over them. Thank the Lord that they are God’s “workmanship, created in Christ Jesus for good works, which God prepared beforehand” (Eph 2:10). There are many other Scriptures that can guide your prayers; make a short list of the passages that you want to begin praying, and discipline yourself to follow through. These types of prayers will both affect them spiritually and transform your perceptions.
  • Commit some of your prayer time to asking God to help you see your difficult student the way He does. “God, help me see through the mess. Help me see the beauty that lies there.” If you are at a loss and struggling to hang on to a positive view, you might need to begin to ask God to renew your hope.
  • Write a letter to them, voicing the hope and promise God has placed inside them. An unexpected letter can become an amazing tool to communicate the depths of your love and commitment to them. It also reinforces the truth of their value from God’s perspective. In the letter, share some of the Scriptures you believe are directed at them. Make sure you don’t manipulate with your words, and be sure to give the letter to them at the appropriate time.
  • Casually compliment them on a character trait you see inside of them. One of the things I have heard from students is that the adults in their lives only see the bad in them. The mentality of “They only see me when I screw up” is not what we want to project. You can affirm them by pointing out their kindness, goodness, tenderness or positive choices. Don’t wait for it to come naturally, as it might not. Share something positive with them today.

Alisha may not have thought she had much value, but when loving leaders around her chose to see the beauty instead of the mess, her life began to change. We can have the same impact on others just like her.

Source: MinistryToday.

Written by Sean Dunn/Founder of Groundwire

Sean Dunn is a speaker, author and the founder of Groundwire, an organization that exists to broadcast hope to anyone who may be struggling or in crisis. Operating 24 hours a day, hundreds of volunteers man Groundwire’s chat platform, which is available to anyone at anytime who may need help, encouragement or affirmation. Sean and his four children live outside of Denver, Colo.

Prophetic Dream Leads Drunkard to Jesus at Haiti Gospel Festival.

Haiti Gospel Festival
A scene from the Haiti Gospel Festival. (Daniel King)
In January 2010, Haiti suffered from an earthquake; this past week, Haiti experienced a spiritual earthquake.
I traveled with a team of 27 Bible school students to the Caribbean nation for a massive gospel festival. Their ministry impacted thousands of lives in Kawdá Bouké, a suburb of Port-au-Prince. In addition to conducting a five-day crusade, the team visited orphanages and poverty-stricken villages and conducted a women’s conference, a pastor’s conference, a kids’ fest and a healing conference.
Thousands of people made a commitment to live for Jesus.
One life that was changed is a 27-year-old man named Wilnack Saint-Fort. One month before the gospel festival, he saw team members putting up posters around the city. He asked if he could help. At first, the team refused his help because he was obviously drunk.
Something about the team’s attitude attracted the young man. Every day for a month, he followed them. After several days of building a relationship, they allowed him to pass out flyers and glue posters to the walls. After the festival platform was built, he volunteered to sleep under the platform to help guard the sound equipment.
Wilnack says, “One night, I dreamed a dream. In my dream, I was in a beautiful place, and I saw many beautiful houses. I saw a Man in a white robe walk toward me, and just as He opened His mouth to speak to me, I woke up. I knew that Man was Jesus, and so I decided to live my life for Him.”
On the second night of the gospel festival, Wilnack gave his life to the Lord. When he heard the question, “Do you want Jesus to forgive your sins?” he responded by raising his hand. He prayed the prayer of salvation, and Jesus became his Lord and Savior. Wilnack now plans to attend a branch of Victory Bible Institute that is being planted in his neighborhood.
Follow-up for new believers is extremely important to me. We work closely with the local pastors, and we distributed 10,000 Life of Jesus books to the new believers. My home church, Victory Christian Center, led by Sharon Daugherty, wants to plant Bible schools in every town in the nation of Haiti.
One night, I preached on the story of the paralyzed man who was let down from the roof. In Matthew 9, Jesus says three things to him: Be encouraged, your sins are forgiven, and take up your bed and go home. Jesus healed the man emotionally, spiritually and physically. I announced that Jesus wanted to heal the people of Haiti in the same three ways.
I invited everyone who needed healing to come to the front, and the team laid hands on them. God touched many people and they testified from the platform. Arms, eyes, necks, backs, stomachs and emotional problems were healed by the power of God.
The earthquake in 2010 devastated Daniel Vallon, the translator for the crusade. His house was severely damaged when the earth shook. For several months, his family was forced to live in a tent. Due to the generosity of a Canadian church, I was able to send him money to rebuild. He used the money to fix his house and the house of his neighbor. Now, two years later, he served as a translator for the outreach.
Haiti is the poorest nation in the Western Hemisphere. After the earthquake, millions of dollars were poured into Haiti to help people. But the nation continues to need help. The pastors of Haiti need encouragement, the people need an outpouring of compassion, and the children need food. After the earthquake, the world’s attention was focused on Haiti for a short period of time, but now many have forgotten to care.
Please don’t forget to pray for Haiti or stop giving to the ministries that are working there.
Daniel King is a missionary evangelist who has preached the gospel in over 60 nations. He has led more than 1 million people to Jesus in the past 10 years. Daniel and his wife, Jessica, live in Tulsa, Okla.

Tropical Storm Chantal Speeds Toward Caribbean.

Tropical Storm Chantal churned across the Atlantic Ocean toward the eastern Caribbean on Monday on a track that would put it over flood-prone Haiti and the Dominican Republic later this week, U.S. forecasters said.

The third named storm of the 2013 Atlantic hurricane season posed no immediate threat to U.S. oil and gas operations in the Gulf of Mexico.

But while a track forecast from the Miami-based National Hurricane Center showed it turning away from the gulf after cutting across eastern Cuba early Friday, meteorologists said the forecast was still subject to possible change.

On the current track forecast, the storm would likely head back out to sea after skirting across the eastern coast of Florida and crossing the Bahamas on Saturday.

Chantal, which had winds of about 45 miles per hour (75 kph) on Monday as it swirled 390 miles (630 km) east-southeast of Barbados, was not forecast to strengthen into a hurricane. It was speeding westward at 26 mph (43 kph).

A tropical storm watch was in effect for the Virgin Islands. Tropical storm warnings were also issued for the eastern Caribbean islands of Barbados, Dominica, Saint Lucia, Martinique and Guadeloupe.

The storm is expected to reach near hurricane strength as it approaches Haiti and the Dominican Republic on Wednesday, but lose some of its power passing over the mountainous Hispaniola island made up of the two countries.

Jeff Masters, a hurricane expert with private forecaster Weather Underground, said it was rare for a tropical storm to form east of the Lesser Antilles Islands before mid-July. The hurricane season’s traditional busy phase runs from mid-August to October.

He said storm prediction models were forecasting the formation of another tropical storm southwest of the Cape Verde Islands early next week.

“It appears that the Atlantic is primed for an active hurricane season,” Masters said. (Reporting by Tom Brown and Kevin Gray; Editing by Gerald E. McCormick and Eric Walsh)

© 2013 Thomson/Reuters. All rights reserved.

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