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The Cayman Islands is sacrificing beauty for bucks.
Late-season Hurricane Paloma bore down on the rain-drenched Cayman Islands on Friday, triggering a run on stores and stranding hundreds as the airport closed on the chain of tiny Caribbean islands.
Thousands of Cubans returned to homes demolished by Hurricane Paloma even as the once-powerful storm dissipated off the coast on Monday.
The Cayman Islands announced plans Tuesday to scuttle a decommissioned U.S. Navy ship to create an underwater attraction for scuba divers and snorkelers.
Hurricane Gustav plowed through the Cayman Islands toward Cuba, gathering strength on a journey that could take it to the U.S. Gulf Coast as a fearsome Category-3 storm three years after Hurricane Katrina.
After a destructive and deadly march across the Caribbean, Hurricane Gustav was bearing down on southern Louisiana early Monday.
Senators on a key tax panel demanded a crackdown on offshore tax havens in the wake of a new report that one building in the Cayman Islands is used as a business address for more than 18,000 companies.
When it comes to paying federal taxes on its workers in Iraq, KBR says it was exempt because they were foreign hands hired through subsidiaries in the Cayman Islands.
Cayman Island authorities are investigating the violent deaths of a half-dozen giant blue iguanas that are among the most imperiled creatures on the planet.
Republican presidential hopeful Mike Huckabee on Wednesday defended his decision to suspend campaigning before Wisconsin's presidential primary so he can fly to the Cayman Islands to give a paid speech.
Hurricane Dean slammed into the Caribbean coast of Mexico on Tuesday as a roaring Category 5 hurricane, the most intense Atlantic storm to make landfall in two decades. It lashed ancient Mayan ruins and headed for the modern oil installations of the Yucatan Peninsula.
David Blaine intends to sleep with the fishes — but only for a week, and in full public view.
New threat for UK's offshore havensBritain's tax havens will be read the last rites tomorrow when a Treasury commissioned report will tell them to raise new taxes if they are to survive the economic crisis.
Guess Who is Not Paying Their Taxes ... and How Much it is Costing UsEstimated value of assets the IRS believes to be held in offshore tax havens, countries with nominal taxes and minimal reporting requirements: $5 trillion Estimated annual cost of offshore tax havens to U.S. taxpayers in Texas alone: $8,653,820,259
Offshore Tax Havens: A State by State Breadown of the Cost to Taxpayersexcerpt: "A Senate report estimated in 2008 that the United States loses up to $100 billion a year in tax revenue to offshore tax havens (PDF). In a report released Wednesday, the U.S.
A.I.G. Sues U.S. for Return of $306 Million in Tax Payments, Likely Spending Taxpayer Money for Their CaseWhile the American International Group comes under fire from Congress over executive bonuses, it is quietly fighting the federal government for the return of $306 million in tax payments, some related to deals that were conducted through offshore tax havens.
Rich Head for the Caymans When Tax Rates Go Up: Caroline Baum Does the name Robert Vesco ring a bell with any of you? He's the friend of Richard Nixon who hid out in the Cayman Islands to avoid extradition.
Americans stepped up to bailout these companies, but many of them spent years avoiding paying taxes to support America by sheltering income in offshore accountsAmerican International Group, Bank of America, Citigroup and Morgan Stanley are among the companies that are getting bailed out by U.S. taxpayers while having subsidiaries in locations where they can avoid paying U.S. taxes, according to the Government Accountability Office.
'Ivan like' destruction on BracScores of Cayman Brackers have been left homeless and are facing lengthy stays in Government Hurricane Shelters after the extremely dangerous category–4 Hurricane Paloma smashed into the island early Saturday morning.
1pm Paloma strengthens slightlyAt 1.00pm EST, the center of Hurricane Paloma was located near latitude 18.4 north...longitude 81.3 west or about 60 miles south of Grand Cayman and about 220 miles west of Montego Bay, Jamaica
Major damage reported outside of New OrleansA still-largely deserted New Orleans was spared major damage from Hurricane Gustav, but other parts of Cajun country were not as lucky.
Gustav turns New Orleans into ghost townNew Orleans and other Louisiana coastal areas increasingly took on the eeriness of ghost towns Sunday as residents heeded a mandatory evacuation order ahead of a speedier Hurricane Gustav.
Halliburton/KBR told workers exposed to carcinogenic substance that it was only a 'mild irritant.'When the American team arrived in Iraq in the summer of 2003 to repair the Qarmat Ali water injection plant, supervisors told them the orange, sand-like substance strewn around the looted facility was just a "mild irritant," workers recall.
Top US War Contractor Skirts Taxes Offshore through Shell Companies in Cayman IslandsKellogg Brown & Root, the nation's top Iraq war contractor and until last year a subsidiary of Halliburton Corp., has avoided paying hundreds of millions of dollars in federal Medicare and Social Security taxes by hiring workers through shell companies based in this tropical tax …
Clinton's Burkle Ties Include Funds in Cayman IslandsFormer President Bill Clinton's decision to reconsider a business relationship with California billionaire Ron Burkle reflects concern those financial dealings may embarrass his wife's presidential candidacy.
Clinton's Burkle Ties Include Funds in Cayman Islands + Edwards too .. Not Obama thoughDec.
Crony-Capitalists Fiddle While Main Street Burns - Crashing CitigroupThe saga of how the top minds in Washington and on Wall Street have dealt with the deepening financial crisis in the U.S. would make a great Hollywood screenplay, except for this: it's absurdly unbelievable.
Resorts Aim to Calm Hurricane FearsResorts and tourism officials in Mexico, Belize and the Cayman Islands are anxious to get the word out that they are open for business — and offering deals.
Are you going on a cruise this summer, or thinking about going on one? I just got back from mine, and it was a blast! I had little to no bad experiences, and I thought I'd share some of the information I collected, and some I wish I'd have known prior to going.
Famous Caymans coral reefs dying, scientists sayTo coral reef-driven tourism industries like those of the Cayman Islands, there could be a greater cost in ignoring climate change than fighting it.
DoE says eel feeding should stop after latest attackA dive guide appears to be the latest victim of a decision by watersports operators to ignore clear warnings from the Department of Environment (DoE) about feeding moray eels at Stingray City. (via Divester)
Ventisha is Pretty Much a Star in the Cayman IslandsVentisha Connolly, a recent graduate of Goshen College, and starting this September as a peripatetic physical education teacher at all schools on Cayman Brac, also had words of advice. Way to go, Ventisha!
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