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Cayman Islands News, Articles and InformationCayman affected by first named stormTropical Storm Alberto, the first named storm of the 2006 hurricane season, caused flooding, sporadic power outages and cancellation of the Queen's Birthday celebrations in the Cayman Islands last weekend.The local Meteorological Office told Cayman Net News that 8.7 inches of rain was dumped on Grand Cayman from Wednesday, 7 June to Monday 12, June 2006. According to the weather office, the highest rainfall occurred between Thursday night and Friday morning when 3.54 inches of rainfall was recorded. Last Friday, public schools were closed at midday while some businesses and government offices where shut down long before their 5:00 pm closing. Several areas around Grand Cayman and the Sister Islands experienced flooding with motorists having to exercise extra precaution due to inclement weather. Ogier Cayman Islands: Are Hedge Funds In Private Equity Concerning?Over the past five years, the hedge fund market has witnessed exponential growth, with over 8,000 funds now managing an estimated $1 trillion of assets globally. As a result, hedge funds are at a juncture where they find themselves looking for new opportunities for growth. In seeking these new opportunities hedge funds have begun to encroach on the hunting ground of private equity funds, by providing debt or equity financing for the acquisitions of unlisted companies, including taking large, sometimes controlling, equity positions and assuming more shareholder-activist stances. How does this affect hedge fund investors?Hedge funds and private equity defined Historically, hedge funds and private equity funds have been distinct investment categories for investors....
New Vaccine Has Ties to StrongAn influential government advisory panel on Thursday recommended that 11- and 12-year-old girls be routinely vaccinated against the sexually transmitted virus that causes cervical cancer.Gardasil is the first vaccine specifically designed to prevent cancer. Earlier this month, the Food and Drug Administration approved the vaccine for females between 9 and 26 years old. It protects against strains of the human papilloma virus, or HPV, which causes cervical cancer. Researchers at Strong Hospital played a role in developing the vaccine. “Initially, in vaccine development at the lab level, we were part of developing the initial part of the vaccine," said Dr. Cynthia Rand. “And now we're also looking at opinions about the vaccine from both the perspective of parents and adolescents." The Advisory Committee on Immunization Practices also recommended the shots can be started for girls as young as 9.
Higher economic gains forecast for tourismTHE Cayman Islands is rated as the 15th most tourism intense country in the world in the latest report by the World Travel & Tourism Council (WTTC), which monitored 174 countries.The Islands are expected to generate US$918.8 million in economic activity in 2006, the WTTC reported last week. In nominal terms, Cayman's tourism activity is forecast to be growing to US$1,875.3 million by 2016, while total demand is expected to rise by 9.7 percent this year. Next year, the real term growth is put at 4.2 percent per year between 2007 and 2016, the WTTC said. The WTTC President Jean-Claude Baumgarten said the travel and tourism sector continues to be a major economic boost to many countries. "We're witnessing the power, speed and vitality of travel and tourism and how they can bring economic opportunity and jobs to people and economies seeking sustainable development," he said. New Police officers an 'arresting' sight at special graduationA team of eleven new officers for the Royal Cayman Islands Police Service were honoured at a special graduation ceremony at Governor's House. PC Gabriel Rabess was one new recruit to receive a special award from H.E the Governor Stuart Jack. Photo by Suzanne LivingstonOfficials in attendance: L-R Hon George McCarthy, Chief Secretary; Stuart Kernohan, Police Commissioner; Deputy Commissioners Rudolph Dixon and Anthony Ennis On 3 June 2006, four months of rigorous training in law relating to theft, burglary, robbery, traffic and General Police law, as well as training in self-defence and First Aid, officially came to an end for an eleven-member Royal Cayman Islands Police Service (RCIPS) recruit team. It was only the second RCIPS group to go through, and complete recruit training since Hurricane Ivan disrupted the rhythm of these programmes in 2004. |
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