January 19, 2020

Drug mule swallows cocaine on flight nearly dies/Assassination started a war

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British drug mule fined after almost dying on Caribbean flight From Caribbean360 HAMILTON, Bermuda, Wednesday July 2, 2014, CMC – A 48-year-old British drug mule, who feared he was dying after swallowing more than half a pound of cocaine while flying from Antigua to London, has been fined US$800 in a Bermuda court. The fine […]

Two found guilty in ‘mistaken identity’ murder of Jamaican national

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From Caribbean360 HAMILTON, Bermuda, Thursday July 3, 2014, CMC – Two men have been convicted of the premeditated murder of Jamaica-born George Lynch, who was killed 18 months after he moved to the island from Canada. Lynch, 40, a father of three who worked as a hospital housekeeper, was shot dead outside a house in […]

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 […]