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Ruling party stays in power.

Antigua's ruling party will stay in power, but with a narrower margin in parliament, following an election shadowed by US fraud allegations against R. Allen Stanford Allen Stanford[1], [2] is an American billionaire and philanthropist, and is well known as a sponsor of professional sports. He was awarded an honorary knighthood in 2006 by the government of Antigua and Barbuda. , reports AP (March 13, 2009):

The United Progressive Party won 9 of 17 seats in the parliament, enough to keep Prime Minister Baldwin Spencer
For the anthropoligist, see W. Baldwin Spencer


Winston Baldwin Spencer (born October 8, 1948) is the prime minister of Antigua and Barbuda.
 in his post. Before the election, Spencer's party had 12 seats. Its main rival, the Antigua Labor Party, won 7 seats in the vote. Results were delayed by a down-to-the-wire race between Errol Cort, the country's finance minister, and Lester Bird Lester Bryant Bird (born February 21, 1938, New York City) was Prime Minister of Antigua and Barbuda from 1994 to 2004 and a well-known athlete. He was chairman of the Antigua Labour Party from 1971 to 1993, then became Prime Minister when his father, Vere Bird, the previous Prime , the former prime minister who helped Stanford establish his business empire here. Cort, who won the seat by less than 100 votes, also has ties to Stanford: His law firm represented the businessman, who has US and Antiguan citizenship, though Cort has said that he had no personal involvement with the billionaire while he served in government;

The country has been struggling in recent weeks to deal with the fallout fallout, minute particles of radioactive material produced by nuclear explosions (see atomic bomb; hydrogen bomb; Chernobyl) or by discharge from nuclear-power or atomic installations and scattered throughout the earth's atmosphere by winds and convection currents.  of US allegations that Stanford operated a massive Ponzi scheme A fraudulent investment plan in which the investments of later investors are used to pay earlier investors, giving the appearance that the investments of the initial participants dramatically increase in value in a short amount of time.  through his Antiguan-based offshore bank. Spencer's government has seized some of Stanford's assets in hopes of keeping the businesses operating and prevent them from being seized to compensate investors.
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Title Annotation:ANTIGUA & BARBUDA
Publication:Caribbean Update
Date:Apr 1, 2009
Words:200
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