November 11, 2019

From despair to repair: Dramatic decline of Caribbean corals can be reversed

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Gland, Switzerland, 02 July 2014 (IUCN) – With only about one-sixth of the original coral cover left, most Caribbean coral reefs may disappear in the next 20 years, primarily due to the loss of grazers in the region, according to the latest report by the Global Coral Reef Monitoring Network (GCRMN), the International Union for […]

We need more than reform: Corporate tax dodging another capitalist innovation

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By Pete Dolack From Counterpunch Competition takes many forms in capitalism. Financial engineering by corporations to avoid paying taxes is one aspect of this competition — under the rigors of market competition, evading responsibility is an innovation to be emulated. The magnitude of tax evasion on the part of multi-national corporations through one channel — […]

iNews Briefs

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‘Jack’ Warner opts not to seek re-election as ILP party leader From Caribbean360 PORT-OF-SPAIN, Trinidad, Monday June 9, 2014, CMC – One year after he founded the Independent Liberal Party (ILP), Jack Austin Warner is not seeking re-election as its leader. Warner, the former national security minister in the coalition People’s Partnership government, is seeking […]

Insider trading probe: Sebi may seek help from foreign peers

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By PTI New Delhi From My Digital fc In what is emerging as the biggest insider trading probe in India, watchdog Sebi [Securities & Exchange Board of India]may seek help from its peers in foreign countries, including Hong Kong, Singapore and Mauritius, as it widens investigations into suspected market activities of several overseas hedge funds. […]

iNews Briefs

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Queen’s Birthday Garden Party is back in Cayman As a long standing tradition the Cayman Islands celebrate Her Majesty, Queen Elizabeth II’s birthday in June each year. Senior uniformed services officers, youth service organisations and the police band are scheduled to take part in a parade in front of the Legislative Assembly on Saturday, 14 […]

Top 12 tax havens for US companies

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From RT US corporations are making record profits in tax havens like Bermuda, the Cayman Islands, and the British Virgin Islands (BVI). Some of the profits exceed the GDP of the host country, with Bermuda’s offshore profits 1643% of total economic output. As a share of Gross Domestic Product (GDP), profits from subsidiary US companies […]

Why US companies can earn $51 billion in the Cayman Islands even though its GDP is only $3 billion

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By Tim Fernholz @timfernholz From Quartz The foreign subsidiaries of US corporations made $94 billion in Bermuda in 2010, the latest year we have data for. That’s incredible work, since only $6 billion of goods and services were produced on the island that year. What does that tell us? It tells us that something fishy […]

Decriminalize marijuana says Bermuda government task force

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From Caribbean360 HAMILTON, Bermuda, Tuesday May 13, 2014, CMC – A government appointed task force is recommending the decriminalization of marijuana in this overseas British territory and that the government should take “immediate action to enable access to medical cannabis with a prescription”. The Cannabis Reform Collaborative (CRC) in its 137-page report notes that the […]

BF&M records $25.2m profit for 2013

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By Don Burgess, Deputy Editor BDA Sun BF&M has reported a profit for 13 straight years after recording net income of $25.2m for 2013. Shareholders’ net income for the comparative period of 2012 was $21.9 million. President and CEO, John Wight, stated that “this marked the thirteenth straight year that BF&M has achieved a return […]

Cayman Team best in the Caribbean

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Last month a team of four dressage riders from Cayman took first place in the region’s premier dressage competition. Every year, the horse world’s governing body, the ‘FEI’, organize the World Dressage Challenge for countries in the Caribbean. In the Caribbean region, dressage is considered to be a developing sport. In this year’s Challenge, Cayman […]