Injunction issued against AmEx anti-steering rules
By Andrew Keshner, From New York Law Journal American Express cannot impede merchants from expressing preferences or offering incentives for consumers to use certain cards, a judge decided after already determining the company violated antitrust laws with its anti-steering rules….
Skelos, son charged with bribery, extortion
By Mark Hamblett,From New York Law Journal In the latest federal indictment targeting what authorities say is a pay-to-play culture in Albany, New York state Senate Majority Leader Dean Skelos and his son, Adam Skelos, were arrested Monday on federal…
5 ways humanity is killing crowdfunding
By Lyndsey Gilpin From TechRepublic Crowdfunding was meant to democratize finance and help the best ideas for changing the world have a chance to succeed. But as usual, humanity is trying to sabotage that mission. We were joking in the…
iNews Briefs & Community Events
Community Events MAY 7 Clifton Hunter High School year 7 & 8 Parents’ Consultative Evening The Clifton Hunter High School year 7 & 8 Parents’ Consultative Evening is Wednesday (6 May) in the performing arts building at 5pm. Reporting session…
Ridgefield hedge fund partner gets 33 months [funds based in Cayman Islands]
By Alexander Soule From Financial Mines Connecticut David Bryson, 46, a former managing partner of Ridgefield-based New Stream Capital, received a 33-month prison sentence for his part in a fraudulent scheme that ultimately defrauded investors of $46 million. Bryson collected…
New Cayman Islands Finance Judge commences work
A new non-resident judge, Justice Nick Segal, sworn in earlier this year as a judge of the Financial Services Division (FSD) of the Grand Court, commenced hearing cases in Cayman last Thursday (30 April). Justice Segal will serve from time-to-time…
CARICOM calls for reversal of policy preventing development financing to the region
From Jamaica Observer UNITED NATIONS (CMC) – The Caribbean Community (CARICOM) took its case for a reversal of the existing criteria for development financing to the United Nations urging the international community to re-examine the policies under which most Caribbean…
OUR CARIBBEAN: Downgrade politics in T&T, Barbados
By Rickey Singh, From Nation News Barbados A continuing surprise for me as a journalist of the Caribbean region is the alacrity with which political parties so often rush to uncritically embrace negative fiscal ratings by international financial institutions and…
Caribbean Nations prepare for Coconut Industry revitalization
From telesur A $US3.9 million program aims to revive the once-thriving industry and tap into markets for coconuts and sought after coconut by-products. From 1950 to 1980, the coconut industry was a vital agricultural subsector in the Caribbean. However, from…
iNews Briefs & Community Events
Community Events MAY 6 Special Olympics Cayman Islands Football Special Olympics Cayman Islands invites you to the 2015 Annual National Games and Week of Awareness. The next event is Wednesday (6 May) at 5:30pm at the Truman Bodden Sports Complex…