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Day: August 16, 2012

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More money in Cayman banks than in all NY banks combined

The New York Times reports there’s more money in the banks of the Cayman Islands than in all the banks of New York City combined. What’s it all doing there? Avoiding taxes for one. But perhaps even more seriously, offshore…

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Julian Assange: Ecuador grants Wikileaks founder asylum

Ecuador has granted asylum to Wikileaks founder Julian Assange two months after he took refuge in its London embassy while fighting extradition from the UK. It cited fears that Mr Assange’s human rights might be violated. Foreign Secretary William Hague…

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Highline Technical Innovations, Inc. Announces Final Settlement Ending Two-Year Litigation

FARMINGTON, Ark., Aug. 16, 2012 /PRNewswire/ – Highline Technical Innovations, Inc. (OTC: HLNT), formerly Systems Evolution, Inc. (SSEV), is pleased to announce that the litigation pending in the Supreme Court of the State of New York, New Millennium Capital Partners III,…

Explosives case hasn’t ignited yet

Legal questions were exploding around the Cayman Islands Summary Court Room yesterday (16) when questions were raised whether a shipment of materials imported by Suresh Bhemsein Prasad, the Managing Director of Midland Acres Ltd, by themselves is actually explosive, as…

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Was Panama party a wicked waste of money?

I have to beg this question today. Was the end of May Cayman party in Panama City a wicked waste of our money, especially at a time when the government was trying to balance a budget? Even though Cayman Airways…

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Remnants Of Tropical Depression #7

Remnants Of Tropical Depression #7 May Regenerate Into A Tropical Storm In The Western Gulf Of Mexico Either Late This Weekend Or Early Next Week: Tropical Atlantic may become more active: TS Gordon no threat Thursday, August 16, 2012 5:24…

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Just another piece of free Cayman island advertising.

The Cayman islands used to be the islands that time forgot where you could go for a weekend or more “hideaway”. Now the Cayman Islands are known for the islands where the rich can hide away their money and avoid…

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Cayman Islands sends basketball team to CentroBasket

The Cayman Islands are sending for the very first time a national Under-15 boys and girls teams to participate in the CentroBasket Championships. CentroBasket is an International Basketball Federation (FIBA)-sponsored basketball tournament featuring Central American and Caribbean countries in the…

LA reconvenes Fri (17) for the Throne Speech and Budget Address

Government Information Services (GIS) have sent out a release stating that the Legislative Assembly will reconvene on Friday 17th August to present the Throne Speech and the Budget Address at 2:30pm. What isn’t at all clear is whether the Budget…

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Deadly clashes at South Africa’s Lonmin Marikana mine

Police in South Africa have opened fire during clashes with striking workers at the Marikana platinum mine, leaving at least seven people dead, witnesses say. South African media reports put the death toll at 12 or even higher. Police opened…