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SUNDAY, NOVEMBER 8, 2009
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NEWS ABOUT: Cayman Islands

Cayman Islands stories: 8 news summaries

Report: US Loses $100B Yearly to Tax Havens

Tax Day release highlight burden tax-dodging firms put on taxpayers

Apr 15, 09 6:49 AM CDT
(Newser) - Corporations stashing their cash in tax havens cost the US—and ordinary taxpayers who shoulder the burden instead—$100 billion every year, the Huffington Post reports. A new report breaks down the loss through "shell companies and sham headquarters" by state, finding that the people of New York are... More »

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taxes • tax evasion • Cayman Islands • tax dodge • tax haven

G20 Will Push
for End to
Tax Havens

Brown enlists Obama to help crack down on offshore facilities

Feb 19, 09 7:52 AM CST
(Newser) - Ahead of the G20 financial summit in London this April, Gordon Brown is pushing ahead with a major diplomatic effort to crack down on international tax havens that cost governments $150 billion a year. The British PM has held talks with fellow world leaders, including Barack Obama, reports the Guardian.... More »

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Barack Obama • Gordon Brown • Switzerland • tax evasion • Cayman Islands • G20 • tax haven

(Newser) - Hurricane Paloma slammed into Cuba today after nearly 1 million people fled the country's southern coast, MSNBC reports. Fidel Castro warned that the Category 4 storm, roaring at up to 145 mph, would likely hobble roads and destroy crops planted after storms struck the island nation this summer. Paloma had... More »

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Cuba • Cayman Islands • hurricane • Hurricane Paloma

 Gustav Now a Cat 3 Hurricane 

Hurricane builds strength as it heads towards Cuba, Gulf Coast

Aug 30, 08 8:02 AM CDT
(AP) - Gustav swelled to a fearsome Category 3 hurricane with winds of 115 mph as it neared Cuba early today, the AP reports. The storm, which killed 71 people in the Caribbean, rolled over the Cayman Islands last night, with fierce winds that tore down trees and power lines, but there... More »

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New Orleans • severe weather • Cuba • Cayman Islands • hurricane • Gulf Coast • Hurricane Gustav

Can Huckabee Bowl Over Wisc.?

Candidate won't knuckle under, campaigns harder than McCain

Feb 18, 08 3:00 PM CST
(Newser) - Despite a chorus of calls for him to give up his campaign, Mike Huckabee is hitting the trail even harder than John McCain in Wisconsin, where he faces an uphill battle, the Milwaukee Journal Sentinel reports. And although McCain leads in the delegate count, Huckabee is getting a warm welcome... More »

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John McCain • Wisconsin • conservative • Mike Huckabee • Cayman Islands • Republican nomination • campaign trail • delegate count

Huckabee Flies South for the Weekend

Candidate detours to Caribbean to give paid speech, pay the bills

Feb 15, 08 12:45 PM CST
(Newser) - Mike Huckabee vows to stay in the presidential race, but a man has got to make a living, too. Huckabee is leaving wintry Wisconsin today for the Cayman Islands, where he will give a paid speech tomorrow, Newsweek reports. The only candidate without a government paycheck or personal fortune, Huckabee... More »

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campaign finance • Mike Huckabee • Caribbean • Cayman Islands • campaign trail

Dean Plows Into Jamaica

Hurricane sets its sights on the Caymans

Aug 19, 07 8:48 PM CDT
(Newser) - Hurricane Dean struck Jamaica today, swamping the streets of Kingston and leaving devastation in its wake as it swept west across the Caribbean. The center of the Category 4 storm missed the island by a few miles, Reuters reports, but passed close enough to bring down numerous trees and utility... More »

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Jamaica • Kingston • Caribbean • Cayman Islands • hurricane • Hurricane Dean • Port Royal

Bear Stearns Takes Refuge
in Caribbean

Bankrupt hedge funds ticketed for liquidation in friendly Caymans

Aug 7, 07 8:13 PM CDT
(Newser) - Bear Stearns, faced with the implosion of two hedge funds worth more than $1 billion, has decided to liquidate them in the Cayman Islands—a move that will give creditors and investors less access to their money.  Bloomberg forecasts a court battle over the tactic, which an analyst said... More »

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bankruptcy • subprime mortgages • Bear Stearns • hedge fund • Caribbean • Cayman Islands

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