Archive for the ‘Uncategorized’ Category

Sea hunt for missing Cayman man

3 March 2012 Last updated at 08:42 ET

A sea search for a Cheltenham man who went missing in the Cayman Islands is due to resume on Saturday.

Nathan Clarke, 30, was last seen a week ago on the island of Grand Cayman. His mobile phone was found in the sea on Wednesday.

Police said that CCTV footage from the area showed "no sign" of him leaving the Seven Mile Beach area.

Mr Clarke's parents are due to fly out on Saturday to join the search for their missing son.

Police said they were now concentrating on an area of ocean close to where Mr Clarke was last seen.

Janet Dougall, from the Royal Cayman Islands Police Service (RCIPS), said 18 officers and 35 civilian volunteers were continuing with the search.

The search was due to resume at 08:30 local time, 13:30 GMT, she said.

Mr Clarke works as a teaching assistant on Grand Cayman, and has lived there for about four years.

He was last seen near Calico Jack's beach bar on West Bay Road on the Caribbean island wearing swimming shorts.

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Sea hunt for missing Cayman man

Expats Living Rough In The Philippines Part 4 – Video

02-03-2012 06:04 Expats Living Rough In The Philippines Part 4

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Expats Living Rough In The Philippines Part 4 - Video

Zimbabwe: Diamond Cash Hidden in Tax-Free Havens

The timely revelations by Global Witness of unspecified amounts of diamonds cash being hidden in tax-free-havens of Mauritius, Hong Kong and the British Virgin Islands vindicate our earlier concerns.

The diamonds report caught Mugabe's militarised loyalists unawares, in the wake of a major propaganda campaign about "how sanctions were causing typhoid".

The inner circle has try every trick in the book to be de-listed by the EU and the US, especially after SADC colleagues led by Zuma failed to sway the EU Parliament, the 2 million signature petition flopped and Tomana's litigation of the EU appears to have died a natural death.

The expose shows the devastating power of information over propaganda and its serious implications for the Mugabe regime and the Kimberley Process.

The busting of the regime's alleged secret diamonds looting spree sounds like "The Emperor's New Clothes".

According to Answers.com, the story by Hans Christian Anderson goes like this. An emperor hires two tailors who promise to make him a set of remarkable new clothes that will be invisible to anyone who is either incompetent or stupid.

When the emperor goes to see his new clothes, he sees nothing at all - for the tailors are swindlers and there aren't any clothes.

Afraid of being judged incompetent or stupid, the emperor pretends to be delighted with the new clothes and "wears" them in a grand parade through the town.

Everyone else also pretends to see them, until a child yells out, "He hasn't got any clothes on!"

In this case, as some NGOs are reportedly pleading for 'Mugabe's bail', Global Witness has pointed out the emptiness of the pretensions of the regime's propaganda about Marange diamonds being "clean" and "knocking down world prices".

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Zimbabwe: Diamond Cash Hidden in Tax-Free Havens

B Dot Jack Behind The Scenes of "Shut It Down" – Video

02-03-2012 22:46 Artist B Dot Jack: Label Swaga Entertainment: http://www.swagaent.com Directed & Edited by Calvin Evans | DP Camera Work: Jaime Schirmer http://www.calvinevansphotography.com Swaga Entertainment's Artist B Dot Jack Shoots with Celebrity Photographer Calvin Evans. Be on the look out for the release of his "Hit Single Shake Somethin" video coming soon.

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B Dot Jack Behind The Scenes of "Shut It Down" - Video

Expanded Offshore "Cash Pool" Needed To Internationalize China's Yuan: Expert

March 03, 2012 17:41 PM

Expanded Offshore "Cash Pool" Needed To Internationalize China's Yuan: Expert

BEIJING, March 3 (Bernama) -- An expanded offshore "capital pool" of China's yuan, or renminbi, is needed to promote wider international use of the currency, a senior investment banker who is also a member of China's top advisory body has suggested.

To increase the amount of yuan offshore, the Chinese government needs to create more channels for investing in yuan overseas and offer varied yuan-denominated investment products, Fang Fang, a member of the Chinese People's Political Consultative Conference (CPPCC) and vice chairman of J.P. Morgan Asia Investment Banking, told Xinhua news agency on Friday.

"Last year, I submitted a proposal aimed at facilitating the transfer of yuan between domestic and offshore markets, including expanding the yuan pool in Hong Kong," said Fang, who will attend the annual session of the CPPCC National Committee starting on Saturday.

"Some of my advice has been put in place since then, but more efforts remain to be made in expanding the offshore pool of Chinese currency," he said, adding that his proposal this year will mainly focus on this issue.

Fang said that as one of the most important offshore yuan markets, Hong Kong saw a slowdown in the growth rate of its renminbi deposits, which increased less than one-fold last year, compared with fourfold in 2010.

There were three reasons for the slowdown: reduced expectations for the yuan's appreciation, a decline in trade settlement due to slowdown in growth of Chinese exports, and limited investment opportunities in the offshore yuan market, Fang said.

As for how to increase the yuan pool, he proposed bolstering investment channels and options for the currency so as to attract more investors to put money into the offshore yuan market, thus securing a sufficient supply of the yuan.

This entails allowing investors to use the yuan for direct investment overseas and adding variety to yuan products, including introducing yuan-denominated assets and bulk commodities, the senior banker said.

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Expanded Offshore "Cash Pool" Needed To Internationalize China's Yuan: Expert