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Cayman Islands News, Articles and InformationAL Thompson joins TeleCaymanAs President, Chief Executive Officer and Owner of A.L. Thompson Building Supplies Ltd., A.L. Thompson Jr. is a well respected and successful member of the Cayman business community. Aside from his enormously successful business operations he has pursued his interest in architecture through the development of Silver Palms residential condos and Alissta Towers.His commitment to Cayman is highlighted through 12 years of service on the board of the Central Planning Authority, and various officer and director positions on the boards of the National Gallery, Ital (Cayman) Ltd, Stingray Brewery Ltd. and the Rotary Club. "It is truly an honour to have someone of A.L. Thompson’s business acumen and experience on TeleCayman’s Board of Directors," Raul Nicholson–Coe, President and Chief Operating Officer of TeleCayman commented in a press release.
Man Committed for Judge PlotROCHESTER, N.Y. A Rochester man will be committed to a state psychiatric facility indefinitely for conspiring to kill a judge four years ago.Necati Harsit pleaded not responsible by reason of mental disease or defect for attempting to arrange for the death of Judge Roy King. King had ruled against Harsit in a property dispute. Prosecutors agreed to the plea after Harsit was diagnosed with chronic paranoid schizophrenia. The plea deal allowed Harsit to avoid a prison sentence.
ll Controversial former Irish PM Charles Haughey dead at 80DUBLIN (AFP) - Charles Haughey, who served three terms as Ireland's prime minister, died Tuesday at his home in Dublin after a long battle with cancer, the government announced. He was 80."It is a very sad occasion, and marks the passing of an era," said Ireland's current prime minister Bertie Ahern Tuesday. Haughey had grown increasingly ill in recent years, having been diagnosed with prostate cancer. He was taoiseach (prime minister) from December 1979 to June 1981, then again from March 1982 to December 1982 and March 1987 to February 1992. He will be given a state funeral. Haughey is acknowledged as one of the architects of Ireland's Celtic Tiger boom due to his prudent management of the public finances in the late 1980s. But his economic reforms have since been overshadowed by revelations of political and financial scandals from his past that came back to haunt him.
Firefighters Rescue Woman in GorgeRochester firefighters rescued a woman from the Genesee River gorge Wednesday morning. Firefighters responded to the gorge near the High Falls Brewery around 7 a.m. Police had been talking to a woman on the side of the gorge when she fell at least 75 feet to the rocks below.Rescue crews had a boat in the river and picked up the woman. "We wanted to make sure that we did not put any of our own people in jeopardy," said Chuck Stadler of the Rochester Fire Department. "It's not something that just gets done within seconds. It has to be an operation that we take our time and make sure everything's right." The woman was taken to the hospital for her injuries. Her name and condition have not been released.
ll Monroe County Fire Wire Race night a galloping success for NRFAlthough not a common kind of entertainment here in the Cayman Islands, the National Recovery Fund's (NRF) "Night at the Races" fundraiser held at Grand Old House recently netted nearly $150,000 for the Fund's programme to repair and rebuild homes for those in need after the impact of Hurricane Ivan.Though it rained on the evening, the going was still good and over 200 guests turned out to participate in the "Night at the Races" raffle, best hat competition and live and silent auctions that were the main features of the evening's entertainment. "We are very pleased that this event turned into a spectacular evening of entertainment and was very successful in raising money for the National Recovery Fund," said Cynthia Arie, Director of Marketing and Development for the NRF. Scottish Re Appoints Jeffrey P. Hughes as New DirectorHAMILTON, Bermuda--(BUSINESS WIRE)--June 28, 2006--Scottish Re Group Limited (NYSE: SCT), a global life reinsurance specialist, today announced that Jeffrey P. Hughes has been appointed a Director of the Company effective June 22, 2006. Mr. Hughes is Vice Chairman and a founding partner of The Cypress Group ("Cypress"), a New York based private equity firm established in 1994 with more than $3.5 billion in funds under management. Prior to Cypress, Mr. Hughes spent 26 years at Lehman Brothers as a senior investment banker and merchant banker. Mr. Hughes joined Lehman in 1968 and became a partner in 1976. Mr. Hughes is a graduate of Wesleyan University and the Duke University Law School, where he is a member of the Board. In addition, Mr. Hughes is Chairman of the Duke Global Capital Markets Center and a Trustee of the Park Avenue Methodist Church Trust and The Battery Conservancy.
Walkers sees changes in Middle East private equity marketLaw firm Walkers said this week that there has been rapid growth in the Middle East private equity market in both the number and size of funds. The firm reports that growth in the market is bolstered by the fact that typical private equity fund structures are consistent with Shari'ah principles of sharing in risks and rewards commensurate with capital contributions, making private equity investments particularly attractive to Islamic investors. "A confluence of factors in the region such as high oil prices, the real estate boom, a marked increase in infrastructure development and privatizations -- as well as the stellar returns for PE from the IPO market over a short history -- could lead to a tripling of the size of the region's private equity industry over the next five years," Rod Palmer, Managing Partner of the Walkers Dubai office, said.PPM and UDP join forces on waste and waterHonourable Arden McLean, Minister of Communications, Works and Infrastructure, has invited Opposition Party Members Cline Glidden and Rolston Anglin, to work with him on a fact-finding overseas trip regarding waste management and electricity generation.Speaking with Cayman Net News on Wednesday 14 June 2006 Mr McLean confirmed the upcoming research exercise - scheduled to start on 18 June 2006. Mr McLean confirmed that a team would be headed to Boston, Massachusetts, in the United States, to look at "waste-to-energy plants, because we have not seen these things in operation." News of this trip is one indication that the Minister is already settling down to work on the $1.2 million capital project expenditure for the purchase of equipment to improve the collection and disposal of solid waste in Cayman. |
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