A new Fed study destroys one of the central tenets of monetary policy
By Matthew Boesler From Business Insider New research by Federal Reserve staff economists Steve Sharpe and Gustavo Suarez suggests that the outlook for business investment — a notably lacking aspect of this economic recovery — has little to do with…
Bulldozer crushes marine sleeping in foxhole
By Amanda Macias From Business Insider The details of how a 20-year-old Marine died during a training accident back in March were recently released by the Naval Criminal Investigative Service, reports the Marine Corps Times. Private First Class Casey James…
Strong earthquake strikes north of Puerto Rico
(CNN) — A strong magnitude 6.5 earthquake hit north of Puerto Rico just after midnight early Monday morning, the U.S. Geological Survey reported. The epicenter for the quake was in the Atlantic about 60 miles (96 km) northwest of San…
Cotton Tree makes Caribbean Journal’s “The Cool List 2014”
The only Cayman Islands hotel to make Caribbean Journal’s “The Cool List: The Caribbean’s Coolest Hotels For 2014” is Heather Lockington’s “Cotton Tree”. “The Cotton Tree isn’t like any other property in the Cayman Islands. The handful of plantation-style cottages…
The law of contempt proposals ready for public comment
The Law Reform Commission submits for public comment a consultation paper on the law of contempt. The need for consideration of this area of law has arisen out of two particular, and relatively recent, developments. First, the coming into force…
iNews Briefs
Colombian visitor charged re forged bank notes On Tuesday, 31 December 2013, a 30 year old Colombian national (visitor) was arrested by detectives of the RCIPS Financial Crime Unit on Suspicion of Possession of Forged Bank Notes. He was later…
Offshore Case Digest: Cayman Islands January 2013-March 2013
From Conyers Dill & Pearman Cayman Islands Grand Court January 2013 CROSS-BORDER INSOLVENCY LAW – JURISDICTION TO DETERMINE CLAW-BACK CLAIMS – FOREIGN TRUSTEE GRANTED RECOGNITION IN THE CAYMAN ISLANDS – ABILITY OF THE CAYMAN ISLANDS COURTS TO ASSIST IN AID…
CIBC FirstCaribbean assists with clean up efforts in countries affected by Christmas Eve weather system
Bridgetown, Barbados, 9th January 2014 People in three Caribbean islands affected by the Christmas Eve weather system that caused significant flood and landslide damage will receive some additional welcome assistance from CIBC FirstCaribbean. The bank has donated $200,000 EC for…
Absolute [Cayman based] Capital founder Homm loses extradition appeal (1)
From Bloomberg Business Week Florian Homm, the founder of Cayman Islands-based Absolute Capital Management Holdings Ltd. who was arrested last year in Florence, Italy’s Uffizi Gallery, lost his appeal of an order to extradite him to the U.S. Italy’s highest…
Cayman Cookout: Saturday Night at Camana Bay
Camana Bay, Grand Cayman (Thursday 9 January): To Chef Eric Ripert’s 6th annual weekend of enjoying food, wine and the natural beauty of the Caribbean, the town of Camana Bay adds another reason for celebration on Saturday 18 January: the…
