Cartoon of the Day
By Tony Zuvela, Cartoonist “It’s my own little World which I can escape to everyday and create a fun, weird, berserk Cartoon to whatever subject I like. I enjoy doing all the work myself, and all the aspects of Cartooning,…
Malaysia Airlines is burning $2 million every day as flights go empty
By Jessica Plautz From Mashable Malaysia Airlines is facing dire economic straits after being involved in the two worst air tragedies of the year. Based on some recent photos taken by its few remaining passengers, some flights are operating nearly…
FATCA for private funds: key considerations
By Matthew P. Larvick Vedder Price PC From ACC Although the Foreign Account Tax Compliance Act (FATCA) went “live” July 1, 2014, guidance continues to fall into place. On July 16, the IRS issued instructions for the requester of various…
How the world’s super-rich like to travel
From Daily Mail UK Russian billionaires love Croatia, while the Chinese gamble in Las Vegas and both splash out on private yachts they barely use Middle Eastern billionaires prefer to spend their summers in the Mediterranean, while Russians head to…
Hedge fund auditor Marcum sued for $25 m by Cayman liquidators
From OffshoreAlert August 01, 2014 – The Cayman Islands-based liquidators of a hedge fund group controlled by Long Island-based Corey Ribotsky that collapsed due to fraud are seeking damages of $25 million in a lawsuit against the funds’ auditor, Marcum…
Chinese Capital Markets: A $98 Trillion Opportunity
By: Ashley Kindergan From The Financialist When it comes to the size of their capital markets, emerging countries have long punched below their economic weight. While they make up 39 percent of global GDP, their share of global equity market…
Obama cracking down on tax cheats
By Jonah Bennett From Daily Caller Arriving 18 months late on the scene, the Foreign Account Tax Compliance Act (FATCA) came into effect this week in an effort to crack down on tax dodgers funneling money outside the country, the…
Haiti migrants risk sea journey for better prospects
By Nick Davis BBC News, Port-de-Paix, Haiti The boats carrying illegal migrants are almost always overloaded and rarely seaworthy Every year thousands of Haitians risk their lives trying to make the perilous sea voyage from their country to one of…
iNews Briefs
Sudanese women sentenced to death for marrying Christian man By Celestine Hendrickson International News From CMV A Sudanese woman who was born to a Muslim father was sentenced to death by hanging for marrying a Christian man. The 27-year-old pregnant…
