June 19, 2019

Obama hints at deal for undocumented Caribbean immigrants

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From Caribbean360 The US president called for immigration reform that would allow immigrants without legal status, including Caribbean nationals, to apply for temporary legal status and eventually citizenship. WASHINGTON D.C., United States, Monday February 3, 2014, CMC – US President Barack Obama has hinted that he may accept a deal offering undocumented Caribbean and other […]

Cuban boat people land in Cayman, headed for Honduras

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By Peter Polack Reuters From Chicago Tribune News GEORGE TOWN, Cayman Islands (Reuters) – A 30-foot (9 meter) sailboat with about 30 Cuban refugees aboard docked in the Cayman Islands on Sunday and passengers said they were hoping to reach Honduras. The passengers told Reuters they were from Manzanillo in the southwestern province of Granma. Ranging […]

Bahamas nearing full compliance under FATCA

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From Caribbean360 The Bahamas government said it has devoted considerable resources to ensuring that Bahamian financial sector participants and the Bahamian public were well educated about FATCA and would continue to do so. NASSAU, Bahamas, , CMC – The Bahamas government says the country is well advanced in finalizing the compliance arrangements with regards to […]

iNews Briefs

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ESSO sold and 3rd gas supplier would be welcome It was revealed in the Legislative Assembly on Wed (29) that Exxon Mobil –ESSO has been sold to Simpson Oil Ltd (SOL). No notification had been given to government prior to the sale. This follows the sale of the Texaco brand to Rubis that has seen […]

The Obama administration’s frustrating NSA week

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By Alex Wilhelm From Tech Crunch While Congress and the nation at large have done little except talk and embark on preliminary legal skirmishes regarding the United States’ mass surveillance practices, the forces in favor of reform and change had a decent week. The Obama administration did not. The president’s speech one week ago on […]

Shell Games

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From MetaFilter The secretive business havens of Cyprus and the Cayman Islands face a potent rival: Cheyenne, Wyoming. At a single address in this sleepy city of 60,000 people, more than 2,000 companies are registered. The building, 2710 Thomes Avenue, isn’t a shimmering skyscraper filled with A-list corporations. It’s a 1,700-square-foot brick house with a […]

Editor of Cuba’s Communist Party newspaper defects to US

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From Caribbean360 Granma’s former international news editor criticised the state media monopoly and said censorship caused “a crisis of credibility” between the public and the media. FLORIDA, United States, Thursday January 23, 2014 – Aida Calviac Mora, a former senior editor of Cuba’s Communist Party newspaper Granma, has left the island and joined her husband, […]

US court rejects banking associations challenge to Caribbean offshore tax compliance

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From Caribbean360 The DOJ said that the Florida Bankers Association and Texas Bankers Association had challenged the 2012 amendments to the Department of the Treasury’s interest-reporting regulations. WASHINGTON D.C., United States, Thursday January 16, 2014, CMC – The United States Department of Justice (DOJ) says the District Court in the District of Columbia has dismissed […]

U2 reunite for Sean Penn’s annual Help Haiti benefit

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From Caribbean360 The star-studded event raised about US$6 million for the J/P Haitian Relief Organisation, which has been working to rebuild the country since the 2010 earthquake. CALIFORNIA, United States, Friday January 17, 2014 – Ever since Haiti was devastated by the massive 2010 earthquake, Oscar-winning actor Sean Penn has piggybacked on selected awards ceremonies, […]

Stock Analyst Sozzi: Sears could disappear by 2017

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By Dan Weil From MoneyNews Sears may go out of business by 2017, Brian Sozzi, CEO and chief equity analyst of stock research firm Belus Capital Advisors, concluded after an extremely negative earnings forecast from the retailer Thursday. It predicted an adjusted loss of $811 million to $914 million for all of 2013. “We got […]