The Presidential Daily Brief

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  1. Bermuda Tries to Reclaim Its Magic Among Moguls

    Yesteryear’s haven of privacy and propriety among the world’s mega-rich has lost its sheen with the younger jet-setters, and is struggling to reinvent itself. The island famous for a lack of paparazzi and cars also lacks the high-end gyms and trainers, posh rids, and other amenities the richest of the rich take for granted now. Strident rules on who can occupy the island, and for how long, as well as stunningly high fees didn’t help. Bermudan leaders are struggling to revamp their image in time to keep the mega-million beach-front mansions from sliding into a sea of second-rate. 

    Source: WSJ

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