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Cayman Islands News, Articles and InformationFlorida to Get Rainfall as Tropical Depression Becomes StormJune 10 (Bloomberg) -- A tropical storm that will likely bring rain to northern and central Florida by Tuesday isn't expected to become a hurricane, a National Weather Service meteorologist said.Tropical Depression One formed 45 miles off the western coast of Cuba about 9 a.m. New York time today, said Dennis Feltgen of the National Weather Service. Wind speeds are expected to reach tropical storm level of 39 miles (63 kilometers) per hour by tomorrow morning, he said. Once winds reach that speed, it will take the first name of the season, Alberto. There is less than a 25 percent chance the storm's winds will reach hurricane-level speeds of 75 miles an hour, according to the weather service. ``Right now, it is a tropical depression and it is incredibly poorly organized,'' Feltgen said.
The insanity of Cayman's 'road-racers'There is little doubt that the issue of speeding on our roads has become a primary concern to everyone. From the police to parents the country is worried about our exceptionally high death rate as a result of dangerous driving.Many drivers are concerned about the high number of 'speedsters' that are using our single lane, narrow roads as race tracks, and not only putting themselves in danger but every other driver on the road. At a recent community police meeting in Bodden Town, Stuart Kernohan, the Police Commissioner told parents that they need to talk to their teenage children about speeding and the dangers of reckless driving. He said that while the police can do so much in terms of stopping reckless drivers, he wanted parents to take responsibility for how their children are driving on the roads. Freedom of the Seas leaves others in its wake with amenitiesABOARD THE FREEDOM OF THE SEAS - Royal Caribbean president Adam Goldstein conceded that the timing of the May 12 launch could have been better."We actually briefly thought about moving the date," he said of the ceremony in New York marking the debut of the Freedom of the Seas, the world's biggest cruise ship. But Goldstein, chatting candidly in the ship's bustling wine bar, Vintages, said the line decided to shrug off the unfortunate coincidence that May 12 also brought the debut of Poseidon, a major motion picture about a cruise-ship disaster. . Banks face new challengesAs the cornerstone of the financial sector in the Cayman Islands, the banking sector faces growing international regulation, more competition from other jurisdictions, a shortage of qualified personnel, higher customer service demands, as well as the implementation of the new seven-year work permit limits, under the Immigration Law, (2003).Numerous industry experts addressed the challenges and opportunities the banking industry faces at the recent Cayman Islands Bankers Conference at The Ritz-Carlton Grand Cayman last week. The Chairman of the Cayman Islands Monetary Authority (CIMA), Timothy Ridley discussed the current international developments such as Basel II, the Financial Stability Forum, the Financial Action Task Force, International Monetary Fund and their implications for the Cayman Islands. Bring back the Caymanian DiasporaOne of the main reasons why this publication will continue to criticize the seven-year rollover policy is because of the detrimental impact we believe the policy will have on our overall future economic growth.As a very small country, in order to develop our economy further we need our population to grow because if it does not, local businesses will suffer. With only 55,000 people across the three Cayman Islands, it is impossible to continue expanding our local economy without adding more people. If the Government is bent on ensuring that foreigners are restricted from settling here and ultimately becoming Caymanians, perhaps we should look further a field and make a concerted effort to bring home the Cayman Diaspora. Many Caymanians left here in days gone by and settled in other countries. Jane's World of CraftAfter many years of faithful service in the Cayman Islands Postal Service, Jane Webster decided to keep busy during her retirement, by making marvelously imaginative craft ornaments.The range of her work is as wide as her imagination, and Ms Webster makes virtually anything out of virtually anything. "I started in Summer 2002. I was operating a pre-school and during the summer some of the parents asked me if I could take some older children during the summer vacation. I had to find something for them to do, so I went to the craft store and bought some craft materials. "When it was time for them to go back to school, at the end of the summer, I thought it was time to do something myself. "The first thing I did was a bunch of grapes out of purple beads; I said to myself: 'This looks good,' and tried to do some more. Cayman liquidators spread to BVIRSM Cayman Islands has expanded its Corporate Advisory Services practice to the British Virgin Islands. The new firm, RSM (British Virgin Islands) Limited will be led by Christopher Stride, a partner of RSM Cayman Islands.Mr. Stride was instrumental in establishing RSM Cayman Islands in 2002 and will continue to play an ongoing role in the Cayman Islands practice. In recent years, the British Virgin Islands have taken steps to formalize the insolvency process. In August of 2004 the British Virgin Islands enacted the Insolvency Act 2003 which provided a regime for dealing with insolvent companies and the supervision of insolvency practitioners. The impact of the legislation has lead to many major law firms and accounting firms setting up a presence in BVI over the past three years. Given the similarity of the legal framework, and the large number of corporate vehicles domiciled in the BVI, the jurisdiction was deemed as favourable to expand the services that are currently offered in the Cayman Islands. |
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