The restaurant industry still hasn’t recovered from the recession
By Hayley Peterson From Business Insider U.S. restaurant traffic has failed to recover from the slowdown of the recession. Consumers made 61 billion visits to restaurants in the year ending May 2014, which is roughly 2 billion fewer visits than…
If researchers are right, this rock will make solar power cheaper than coal
By Christie Nicholson From core77 In 2007, a student at the University of Tokyo brought a lump of a grey, sparkly mineral to his professor Tsutomu Miyasaka, with the hope that this material might have potential to make cheap and…
Further erosion of foreign reserves puts Barbados dollar in danger – Moody’s
From Caribbean360 BRIDGETOWN, Barbados, July 23, 2014, CMC – With Barbados’ foreign reserves standing below the 2013 level, International credit rating agency, Moody’s has warned that strain could be put on the dollar. “Any further erosion in reserves would likely…
Historical surgical milestone achieved in the Cayman Islands
A key milestone in the history of medicine in the Cayman Islands was achieved last week with the country’s first ever coronary artery bypass graft surgery (CABG) performed. The patient, a 65 year old woman with diabetes and high blood…
Great Wall of debt: China set to overtake US
By Ambrose Evans-Pritchard From The Canberra Times A new report from Stephen Green at Standard Chartered argues that China’s aggregate debt level has reached 251 per cent of GDP. The China-US sorpasso is looming. I do not mean the much-exaggerated…
UPDATED: 3rd Airline crash in 1 week:
3rd Airline crash in 1 week: Algeria airliner feared crashed on flight from Burkina Faso/ Taiwan plane crash toll reaches 48 UPDATE: Air Algerie AH5017: ‘No survivors’ from crash in Mali From BBC There are no survivors from the Air Algerie…
How Caribbean media content is being disrupted by digital
By Marcia Forbes, PhD From Caribbean Journal What is Content? The much maligned but highly useful Wikipedia defines content creation as: “the contribution of information to any media and most especially to digital media for an end-user/audience….” Today, content comes…
Moody’s downgrades Atlantic City’s credit rating to Junk
From Moneynews Atlantic City, New Jersey, the gambling hub that’s been pummeled by regional competition in the U.S. Northeast, had its credit rating cut two levels to speculative grade by Moody’s Investors Service. The reduction to Ba1 from Baa2 on…
FATCA: Cayman Islands Investment Funds
From Carey Olsen WHAT IS FATCA? FATCA or the Foreign Account Tax Compliance Act is US legislation in force from 1 July 2014, requiring financial institutions (“FIs”) globally to report on their US taxable accountholders or suffer a 30% withholding…
Pa. family holds Ritz-Carlton responsible for teen daughter’s sexual assault in Cayman Islands
By Jim Boyle July 24, 2014 From The Pennsylvania Record A Northampton County family has filed a lawsuit with the Philadelphia Court of Common Pleas against Ritz-Carlton Hotels, saying its poor security and negligent hiring practices were responsible for a…
