ESTABLISHED 1965 www.caymancompass.com – 50 CENTS – Wednesday september 2, 2015 High of 91 Low of 81 Slight to moderate with wave heights 2 to 4 feet. S e pt e m b e r 20 1 5 • www .c a yjour nal. c om 15 5 THIS ISSUE: Special report SECURITY IS YOUR BUSINESS >>paGe 13 inveSting Emerging economies From star performers to troubled markets >>paGe 2 Banking Class B banks’ challenge A key policy issue >>paGe 5 offShore property UK house price increases A visible effect of money laundering >>paGe 6 PAGE 13 SPECIAL REPORT September 2015 DATA AND COMPUTER SECURITY TRAINED DOGS AND GUARDS ELECTRONIC KEY ENTRY OFFICE SYSTEMS EMPLOY EE SAFETY HOME SECURITY AND MONITORING FIRE ALARMS MERCHA NDISE THEFT SYSTEMS FILE STORAGE DESTRUC TION AUTO SECURITY SYSTEMS CORPOR ATE SABOTA GE INSURAN CE AGAINST LOSS FOCUS AREAS: Journal Special Report Efforts increase to boost gender diversity in corporate boardrooms Caledonian creditors can expect ‘significant return’ ■■ kelSey Jukam Gender disparity in business, well-chroni-cled among CEO positions, also extends to corporate boardrooms worldwide. Re- search has shown that companies benefit not only from being more gender and ethnically inclusive, but also from hiring individuals with a range of ex- periences and backgrounds. “Boards that aren’t looking for younger, digi-tally savvy female and ethnic board members are really going to fall behind. It’s a key part of staying relevant in today’s market,” Macy’s Inc. board member and former PepsiCo CEO Craig Weatherup told Fortune magazine earlier this year.Research has also shown that companies with gender-diverse boards are less likely to be hit by governance-related scandals. In March, the Finan- cial Times reported that in a review of 6,500 com- panies worldwide, index provider MSCI found that companies that were more diverse than average were less likely to be affected by scandals involving bribery, fraud or shareholder battles. However, quotas and targets do not necessar- ily trickle down to the global workforce, nor in- crease the number of women in other executive and management positions. There is also some concern that quotas encourage tokenism, where companies hire an individual for diversity’s sake but do little to address the firm’s culture.In Cayman, Andrea Williams, general counsel for UBS Fund Services and president of the Busi- ness and Professional Women’s Club of Grand Cay- man, said that while she can see the value of quotas in certain business cultures, she is “not a big fan.” “I see absolutely no reason why women can’t make it on their own merits, like they’ve done in Cayman,” Ms. Williams said. “The Cayman Islands is a great place for gender diversity,” she added. “It has a fantastic legislative framework in place to ensure that happens, but also it’s a culture that has historically promoted women in the workplace. She pointed, in particular, to the fi- nancial service industry, accounting, law and tourism. The Business and Professional Women’s Club itself is one of many initiatives in Cayman aimed at raising the profile of women in business and in- creasing networking opportunities. Another organization, the Cayman Islands chapter of 100 Women in Hedge Funds, has been recognized as one of the fastest-growing chapters worldwide since its launch two years ago. The professional community of women who work in the alternative investment industry aims to promote change through education, philanthropy ■■ charleS Duncan anD michael klein The liquidators of Caledonian Bank expect creditors will see a significant return provided that a settlement which resolves the U.S. Secu-rities and Exchange Commission lawsuit against the bank is finalized and no unex-pected claims are lodged. On Aug. 21 liquidators announced to creditors that a settlement with the SEC had been reached in principle. The SEC notified Judge William H. Pauley III of the federal district court in New York of the proposal on the same day. The terms of the proposed settle-ment are not yet public. Ernst & Young’s Keiran Hutchison, joint official liquidator of Caledonian Bank and Caledonian Securities, told The Journal that the in principle agree-ment is subject to confirmation and approval by both the Cayman Grand Court and the U.S. court, “but we have no reason to believe that it won’t be ap-proved, and this will resolve a major claim and an impediment to returning funds to depositors.” Hutchison said $370 million had been repatriated to Cayman from the bank’s various holdings overseas, which allowed the liquidators to declare a first dividend of 75 cents on the dollar to creditors and 100 cents on the dollar to depositors with claims of less than CI$20,000. “Assuming that the SEC in principle settlement is finalized and no unexpected claims being lodged against the estate, we believe that creditors can expect to see a very significant return, albeit the final el-ements of that return could take time as a portion of the bank’s assets are quite illiq-uid and could take 12 months to two years to realize,” Hutchison said. priority payouts set but process remains onerous Small depositors are set to receive the first priority payments after a ruling by the Grand Court settled a dispute be-tween depositors and liquidators for the bank over an interpretation of the Cay- man Islands 2007 Companies Law. The chief justice decided depositors with CI$20,000 or less in the bank would be paid in full with the priority creditors.The EY liquidators had argued that every depositor should receive their first $20,000 or less, not just the small depositors. The decision clears the way to pay out the 675 small depositors, and the ruling states those payments “would require a maximum of only $3.6 million PLEASE TURN TO PAGE 9 » PLEASE TURN TO PAGE 8 » THE cAymAn ISLAnDS journAL Efforts increase to boost gender diversity in corporate boardrooms Editorial | pagE 4 school inspections: a Welcome ‘first step’ toWard improvement General secretary resigns from CIFA James Whittaker jwhittaker@pinnaclemedialtd.com The turmoil surrounding the Cayman Islands Football Association increased Tuesday as acting general secretary Paul Macey announced his resignation. “In light of the recent events involving CIFA, I have decided to resign as a member of the Executive Committee with immediate ef- fect,” he said in a brief statement. The association is facing the prospect of an anti-corruption inquiry after auditors flagged suspicious transactions in its 2014 accounts. Meanwhile, government has pulled funding amid controversy over leadership elections. Bruce Blake was re-elected unopposed as the organization’s first vice president and acting president on Saturday, after the nomi- nation of his only potential challenger, Renard Moxam, was deemed to be defective. Mr. Macey, who as acting general secretary was responsible for informing Mr. Moxam that his bid to run had not been accepted, did not give specific reasons for his deci- sion to step down. In his statement, he said, “I have dedicated a lot of my time and effort to the development of football in the Cayman Islands, and the re- cent developments at CIFA have caused me to question whether I can continue to do so. “Having thought long and hard about the matter, I have decided that I cannot con- tinue to show the same level of support and dedication, and therefore it is better if I step aside. I wish the best for football in the Cayman Islands.” Mr. Blake did not respond to requests for comment Tuesday. Mr. Macey held one of six elected positions on the nine-member executive. His position was not one of the three up for election at Saturday’s annual general Stormy weather will not laSt long, forecaSter SayS kelsey Jukam kjukam@pinnaclemedialtd.com A tropical wave and the remnants of Tropical Storm Erika combined to produce the stormy weather that hit Grand Cayman Monday night and Tuesday morning. Between 7 p.m. Monday and 7 a.m. Tuesday, 0.4 of an inch of rain was recorded at Owen Roberts International Airport, ac- cording to the Cayman Islands Weather Service. Meteorologist Gilbert Miller said that although not much rainfall was recorded at the airport overnight, there had been heavier rain in the eastern parts of the island. On Tuesday, between 7 a.m. and 1 p.m., 0.35 of an inch of rain was recorded at the airport after heavy morning storms. The weather service did not receive any reports of flooding. Mr. Miller said the ground has been dry recently and was absorbing the rain. Strong winds accompanied the storm. Mr. Miller said he believes there was a gust of about 42 miles per hour, and he was generally recording wind speeds of 25-30 knots. He said the winds associated with the thunderstorms are called “downbursts” or “microbursts” and occur when rain pushes the column of wind below it in all directions. He said the weather should improve overnight. “We might have one or two showers in the morning as a result of winds coming over Cuba, but don’t expect [the] amount of clouds and thunderstorms we had this morning,” Mr. Miller said Tuesday. According to the Cayman Islands National Glass House to be demolished by January tad stoner tstoner@pinnaclemedialtd.com Contractors will demolish the Elgin Avenue landmark Glass House, home to gov- ernment offices between 1974 and 2011, by early January, making way for a city park. The Ministry of District Administration and Works put the project out to tender this week, setting a Sept. 18 deadline for submissions, a start date of early October for demolition work and a completion date of Jan. 2016. Public Works Department Senior Project Manager Peter Widmer said costs are likely to run into “the hundreds of thousands” of dollars to demolish and clear the four-story, 35,000-square-foot building, which housed government departments and ministries until they moved to the nearby Government Administration Building in 2011. The Glass House had suffered irreparable structural damage during Hurricane Ivan in 2004. “It’s a little sad,” Mr. Widmer said of the destruction. “It’s a landmark and we’ve got to knock it down. We can’t salvage a lot, but maybe some of the materials can be recycled.” He pegged the entire Glass House site at The Glass House, former home of government ministries and departments, is set to be demolished. - Photo: taneoS ramSay PLEASE TURN TO PAGE 8 » PLEASE TURN TO PAGE 8 » PLEASE TURN TO PAGE 7 »2 LOCAL&REGIONAL Wednesday september 2, 2015 • Cayman Compass Boost your TV & Internet experience by signing up for any Logic Fibre Bundle starting at $99 and get one month free service including the HBO premium pack. Contact a Customer Care Representative today or visit logic.ky for promotion details. www. REGmovies.com SATURDAY NIGHT: For your viewing pleasure, minors under the age of 18 will not be admitted to any lm starting after 6pm, unless accompanied by their parent. *Additional charges will apply per 3D ticket requested. - WEDNESDAY - $8.00 AMERICAN ULTRA (R) 1:10 | 4:10 | 7:00 | 9:20 HITMAN: AGENT 47 (R) 1:00 | 3:30 | 7:10 | 9:55 FANTASTIC FOUR (PG13) 4:00 | 9:50 NO ESCAPE (R) 1:30 | 4:30 | 7:15 | 10:10 DRAGONBALL Z 3D (NR) 1:20 I 3:40 I 7:20 I 10:00 MAN FROM U.N.C.L.E (PG13) 12:50 I 6:45 MISSION IMPOSSIBLE (PG13) 12:55 | 3:50 | 6:50 | 9:45 In a story on page 3 of the Aug. 31 edition of the Cayman Compass under the headline “Students celebrate exam success,” the results for Year 11, Level 2 passes at A*-C or better in five sub- jects, including math and English, were incorrect. The percentages for that group should have read: 2012: 22.5; 2013: 27.8; 2014: 31.7; 2015: 35.5. In a story on page 2 of the Aug. 13 issue of the Cayman Compass under the headline “Seaman’s son dedicates his call to the Bar,” attorney Kernilon Owens should have been identified as a technology executive and chartered engineer. The Cayman Compass strives for accuracy and is committed to correcting errors that appear in the newspaper. Those interested in contacting the paper for that purpose can email the editor at newsdesk@ pinnaclemedialtd.com. Puerto Rico bondholders are being left with more ques- tions than answers for as much as a week longer after Gov. Alejandro Garcia Padilla gave advisers more time to work on a proposal to restruc- ture the commonwealth’s $72 billion debt burden. Garcia Padilla was orig- inally scheduled to receive the plan on Sunday. The governor extended that deadline to Sept. 8 because government officials were focused last week on the possible impact of tropical storm Erika. The report, la- beled as an economic re- covery and fiscal adjust- ment plan, was crafted by top administration offi- cials known as the Working Group, with assistance from outside legal and fi- nancial experts. The commonwealth and the island’s power au- thority, known as Prepa, have already spent more than $60 million on law firms and consultants for guidance on ways to reduce their debt loads. The administration, which has failed to win Congressional approval for the use of bankruptcy, has not said when details will be released to the public. © 2015, Bloomberg News. One man has been ar- rested and police are searching for a second sus- pect in connection with an incident Monday evening in which two men armed with a machete robbed and injured a man in an area of George Town known as “Banana Walk.” Police said they re- sponded to a report of a robbery at 5:30 p.m. in which a 45-year-old West Bay man was accosted in the Cruz Lane area. The victim told police that the men stole about $530 from his wallet, and he received minor injuries during a struggle. Anyone with informa- tion can call 949-7777 or 800-TIPS. CORRECTIONS Puerto rico restructuring Plan delay seen as temPorary rePrieve Man arrested after machete mugging (AP) – Airlines should clearly disclose the cost of change and cancellation fees, as well as the size of the plane’s seats, before a pas- senger buys a ticket, a federal panel said Tuesday. Hotels should also be re- quired to include any man- datory fees in their room rates, the U.S. Transportation Department’s Advisory Com- mittee for Aviation Consumer Protections recommended. Some hotels have begun adding mandatory resort and other fees to bills even though customers say they weren’t informed of them when they booked their rooms. The panel’s recom- mendation on hotels was di- rected to the Federal Trade Commission, which has been investigating such so called drip pricing. Likewise, the four-member panel heard testimony that passengers must search to find the cost of change or cancellation fees that air- lines hide in a ticket’s fine print. The fees can run hun- dreds of dollars, especially on international flights. The Transportation Department should require the fees be spelled out clearly so that passengers are informed be- fore a ticket purchase, the panel said. The panel also rec- ommended that the Transportation Department permit airlines to choose whether to allow passengers to make wireless voice calls from planes during flights. Airlines have also shrunk the distance between a seat and the one in front by as much as 6 inches in recent years. It used to be that 34 inches between the seats was standard for economy class seats. But now 31 inches is typical and some airlines have wedged in so many seats that there is as little as 28 inches of room. The width of seats is typi- cally 18 inches but has been reduced in some cases to 17 inches, and there are indi- cations some airlines may shrink them even more, said Charlie Leocha, head of Travelers United, the con- sumer advocate on the panel. Seat shrinkage has raised concern that passengers may get blood clots if they sit for a long time without the ability to move around, and that passengers may not be able to quickly evacuate a plane in an emergency. The Federal Aviation Administration requires that aircraft makers demon- strate that all passengers on an airliner can be evacuated within 90 seconds with half the emergency exits blocked in order for the plane to be certified. There have been no evacuation tests of airliners with seats 28 inches apart, Leocha said. The panel recommended the FAA conduct more re- alistic evacuation tests, in- cluding of planes with seats as close as 28 inches apart. Leocha said he was dis- appointed the panel didn’t recommend the FAA issue regulations establishing a minimum amount of per- sonal space that must be al- lotted per passenger. There are already regulations that set a minimum amount of space that pets on planes must be allotted, he noted. Panel member Dave Berg, an attorney with Airlines for America, a trade group for major airlines, said he ob- jected to the notion that the government should establish a minimum amount of space per passenger. Difference be- tween seat sizes “goes to the heart and soul” of airline competition, and it would be inappropriate for the gov- ernment to interfere in such competition by a deregulated industry, he said. Consumer panel: Airlines should disclose fees, seat size A sign at a U.S. airport discloses fees. Airlines should clearly disclose the cost of change and cancellation fees, as well as the size of the plane’s seats, before a passenger buys a ticket, a federal panel said Tuesday. - Photo: aPThe islands’ most-trusted news source 3 Cayman Compass • Wednesday september 2, 2015 The islands’ most-trusted news source 4 – EDITORIAL – Opinion&Letters The Cayman Compass welcomes comments, opinions and viewpoints from readers. Letters to the editor can be emailed to editor@pinnaclemedialtd.com, submitted via www.caymancompass.com, sent by post or hand-delivered to the Compass office. Printed and Published by: Caymanian Compass Limited (a subsidiary of Pinnacle Media Ltd) Compass Centre Shedden Road, George Town send us yOur VieWs Or neWs: P.O. Box 1365 Grand Cayman KY1-1108, Cayman Islands Telephone: (345) 815-0095 Email: newsdesk@pinnaclemedialtd.com adVertise With us: Telephone: (345) 949-5111 Email: sales@pinnaclemedialtd.com Website: www.caymancompass.com PUBLISHERS daVid r. legge and Vicki l. legge EdITOR-In-CHIEf daVid r. legge A MEMBER OF THE INTER-AMERICAN PRESS ASSOCIATION “Give light and the people will findtheirownway” Douglas N. Harris Special to The Washington Post Before Hurricane Katrina, one of New Orleans’ most systemic ills was its dys- functional school system. After the storm, officials did something unprece- dented – they started from scratch. The state took over almost all district schools and turned them over to non- profit charter management organizations. These new charter leaders made major changes in the teacher work- force. The district’s teachers were all fired. The collective bargaining agreement was ended. Schools hired more young teachers from outside the city, prepared in alterna- tive preparation programs, such as Teach for America. Did it work? On this question, the national media has been all over the map. A New York Times op-ed con- cluded, “it is wiser to in- vest in improving existing education systems than [as in New Orleans] to start from scratch,” and that New Orleans–style reforms have “hurt the most disadvan- taged students.” Malcolm Gladwell wrote in the New Yorker that the New Orleans school reforms “increased test scores far less than hoped.” But an article in New York Magazine concluded that the school reform in New Orleans, “is the break- through in social equity liberals have been waiting for.” A similar message came from the Washington Monthly and CNN anchor Campbell Brown’s pro-re- form organization. Given the importance of the New Orleans experience, a team of 20 national re- searchers and I spent more than a year carrying out a dozen separate studies on New Orleans schools. From this, it is clear the national media portrayals are missing the point. Before Katrina, the school system was corrupt and dys- functional, running through a new superintendent every 11 months. The FBI had so many investigations going on that it opened an office within the school district. Third-party evaluations of district op- erations identified a litany of problems. Student test scores were among the worst in the state, and the country. Change from within an ex- isting system might work in some cases, but the existing education system had failed in New Orleans. In a study I conducted with Matthew Larsen, we found that the city’s test scores rose dramatically be- cause of the post-Katrina re- forms. Even the most pessi- mistic estimates suggest that the reforms significantly in- creased scores (and probably high school graduation rates and college entry) and more than alternative policies and programs would have. These achievement gains also oc- curred across the board. In this respect, low-income stu- dents were not hurt. They benefited academically. That being said, some of the rhetoric of reform sup- porters has gone overboard. There are some real issues and questions, just not the ones that these critics have set their sights on. For example, though dis- advantaged students bene- fited, they seem to have ben- efited less than other groups. Early on, as this entirely new type of system was being put in place, there were real horror stories about how special education students and others were suspended and expelled at high rates. Under pressure from commu- nity groups, state and local leaders took several steps to address the problem, yet it remains unclear whether the problems are solved. Critics are concerned that schools under the re- forms are too focused on test scores. This is a national con- cern as well, but the intensity of test-based accountability in New Orleans is even stronger and may reduce focus on other important ed- ucational goals like creativity and local cultural knowledge. In the coming years, we’ll get a better sense of the real re- sults by looking at college and beyond. One potential weak- ness of a system of autono- mous schools like the New Orleans model is that dis- advantaged students can more easily fall between the cracks. With neighborhood attendance zones, a specific school is responsible for each student. With school choice, tens of thousands of stu- dents are in the hands of one or two district staff people. And there are signs that high school dropouts are being under-reported. Finally, whatever les- sons we might draw from New Orleans may be exclu- sive to New Orleans. Our stu- dent outcomes had nowhere to go but up. New Orleans also saw a massive influx of federal and philanthropic funding and skilled people from across the country that other cities are unlikely to experience. Other districts should look to New Orleans, but tread carefully. Hyperbole is no basis for school improvement and no way to honor Katrina’s vic- tims. Educators and policy- makers around the country need to know how and how well the unprecedented New Orleans school reforms really worked. The people of New Orleans deserve to know. The evidence provides a lot of good news about the New Orleans school reforms, but school improvement is al- ways more complicated than it seems. Harris is a Professor of Economics, the Schleider Foundation Chair in Public Education, and the founder and Director of the Education Research Alliance for New Orleans. © 2015, Washington Post Wednesday sepTember 2, 2015 • Cayman COmpass On Monday afternoon, the Ministry of Education sent out a lengthy press release, unsolicited, explaining why it commissioned an independent U.K.-led inspec- tion of Cayman Islands public schools. If they would have checked with us first, we could have whittled the 1,760-word statement down to 10. Q. Why did the ministry have an independent U.K. consultant inspect Cayman’s schools? A. “Because it was the proper thing to do. That’s why.” The appearance is that Education Minister Tara Rivers and her team – finding themselves on the receiving end of criticism from outraged members of the community – felt compelled to issue the statement defending the validity of the inspections. A word of advice from us to the ministry: Don’t bother with such statements in the future. They are unnecessary and ineffective. The “haters” out there aren’t upset about the inspections; they’re upset about the results. They’re upset about the results because the results were poor, which is the best indication that the inspec- tions themselves were probably on the mark. (We say “probably” because the reports haven’t been released. The documents are due to be published sometime this month, according to the ministry.) Though the documents aren’t out yet, last week Minister Rivers went over some of the “lowlights” they contain. As the Compass reported, “Student standards in mathematics, English and science are ‘significantly below’ international standards and generally at least ‘one year’ below U.K. norms, Ms. Rivers said. “She said the reports, carried out at … govern- ment schools by a team of inspectors during the last academic year, also highlighted shortcomings in the recruitment and retention of teachers and manage- ment of underperforming staff.” Minister Rivers and her team are to be applauded for commissioning the inspections and not flinching from their findings. The fact that our schools are in dire need of educa- tional repair should not come as news to any parent who has children in Cayman’s public school system, or any employer who has sifted through stacks of applications from local high school graduates who are unfortunately, but obviously, in need of more rigorous education. Inspections by themselves, however helpful and insightful, are mainly diagnostic, not remedial. They constitute little actual movement toward a defined goal. A good second step would be for Cayman law- makers to approve the pending Education Bill that is designed to bring greater accountability to govern- ment schools, and that contains the legal framework for the debut of U.K.-style “academies” (known in the U.S. as charter schools) in our country. If any organi- zation were in dire need of “creative disruption,” it is Cayman’s schools system. (We direct our print readers to the commentary that appears on the right side of this page, by an academic researcher who has studied extensively the “charter school revolution” in New Orleans following the devastating Hurricane Katrina in 2005. The author concludes that – though imperfect – the wholesale replacement of that deeply troubled school system brought about positive change that could not have been matched by alternative reform efforts.) We offer our full support (and when appropriate, our pages) to Ms. Rivers, ministry officials, and our educators, in their joint endeavors to improve the edu- cation of our youth. We cannot state this strongly (or often) enough: In the long term, the education of future generations is the single most important issue facing Cayman’s society – indeed, every society. School inspections: A welcome ‘first step’ toward improvement lessons from school reform in New orleans Even the most pessimistic estimates suggest that the reforms significantly increased scores [...] and more than alternative policies and programs would have. These achievement gains also occurred across the board.5 LOCAL NEWS James Whittaker jwhittaker@pinnaclemedialtd.com Education officials have defended their decision to bring in a British inspection team to assess standards in Cayman’s schools. Education Minister Tara Rivers said last week that in- spection reports on govern- ment schools showed stu- dents were lagging behind international standards. She said that while im- provements had been made, the reports suggested stan- dards were “simply not good enough” for the long term and student attainment was at least a year behind U.K. norms in English, mathe- matics and science. The release of those initial findings appears to have sparked a back- lash, and the Ministry of Education released a state- ment this week defending the selection of the U.K.- based Independent Schools Inspectorate Consultancy to carry out the review. The ministry also sought to rebut suggestions that government schools had been judged too harshly. The state- ment indicated that the in- spectors had been briefed on Cayman’s school system and had guidance from lead local inspector Mary Bowerman. It stated, “Government schools in the Cayman Islands provide an education based on the British model, and as relatively few jurisdic- tions have school inspections as such, it was natural to seek inspectors from the U.K.” It continued, “Judgments were made after taking into consideration a range of ev- idence from direct observa- tions, interviews with staff and students, questionnaires completed by staff and par- ents, scrutiny of documents provided by the school, in- cluding students’ written work and performance as- sessment data.” The ministry said it had been common practice to use British inspectors to supplement local inspec- tion teams. It said the con- sultants had been chosen because they had the expe- rience and the capacity to carry out the baseline in- spections of all schools in the time frame required. “The Lead Local Inspector took part in all fifteen in- spections, providing a local perspective, conti- nuity and quality assur- ance that all judgments and evidence matched,” the statement added. The inspection re- ports will be publicly re- leased later this month once they have been presented to schools. All schools have been assigned “Senior School Improvement Officers” and will be expected to produce an action plan to address the issues highlighted. “The aim of all concerned should be to determine what needs to be done to raise standards of achievement. Good leadership and man- agement will motivate staff to rise to the challenge of providing more effectively for the needs of all our stu- dents,” the ministry said in its statement. To see the full ministry statement on the inspection reports, visit www.education.gov.ky. Cayman Compass • Wednesday september 2, 2015 Education officials defend public schools inspection reports Cayman domain open to international market James Whittaker jwhittaker@pinnaclemedialtd.com Website addresses with Cayman domain names are open to the international market as of Wednesday. The Information and Communications Technology Authority announced the new regulatory regime for .ky Internet addresses in March. Local businesses have had a six-month exclusive pe- riod to confirm they wished to keep their site names and pay the new US$39.88 annual registration fee. Now the authority has opened up the domain to the international community al- lowing anyone in the world to register a .ky domain on a first-come, first-served basis. ICTA managing di- rector Alee Fa’amoe said, “We’re not necessarily antic- ipating a huge influx of do- main registrations from out- side the Cayman Islands, but we have been con- tacted by a number of reg- istrars who want to market and sell the domain for us.” “Right now we are working with Cayman-based domain registrar Uniregistry to re- register existing domain names and sign up new local applicants but we know that there is a market out there with people interested in se- curing popular names or ac- ronyms that they can tie to the .ky domain.” Since announcing the do- main changes, ICTA says it has spent significant time trying to clean up the reg- istry, getting rid of the non-Cayman-based do- main registrants and re-reg- istering existing domain name owners. The authority has also been sending out regular emails to .ky domain reg- istrants to remind them of the need to renew their registration. “We have seen a number of new registrations during this local-only phase of the change program,” added Mr. Fa’amoe. Cayman residents can still register domain names after the global launch, provided they are still available. For more information, visit www.icta.ky or www.uniregistry.ky. The ministry said it had been common practice to use British inspectors to supplement local inspection teams.6 LOCAL&REGIONAL Wednesday september 2, 2015 • Cayman Compass DARSCO provides all clients with a superior and marketable product by o ering informed choices right from the start of every project. By integrating Safety, Aesthetics, E ciency & Ergonomics into your designs we ensure lower long and short-term costs. • CONSULTING • MEP DESIGN • ELECTRICAL CONSTRUCTION • EMERGENCY AND BACK/UP POWER • QUALITY ASSURANCE & CONTROL • SERVICE CONTRACTS SURGE PROTECTED POWER BARS Electrical Services “Right from the start” Unit B11, Kingbird Warehouses Kingbird Dr, Industrial Park Tel: 345-945-1108 Cell: 345-926-1108 darsco@candw.ky www.darsco.com Up to 8 outlets and 10 feet long Ideal for House, O ce or Job-Site These are two of our Satis ed Hospitality Customers DARSCO acted as Consultant, Designer and Contractor for both customers Darsco Cayman Like us on Facebook NEW STOCK We helped set a construction record of 98 days ‘Bank’ email part of phishing scam Kelsey JuKam kjukam@pinnaclemedialtd.com Recent emails purporting to be from Cayman National Bank or CIBC FirstCaribbean International Bank are part of a phishing scam, asking individuals to click on a link in an attempt to acquire personal information. The emails, which in- clude digitally imitated logos of the banks, request users to click on a link to update their accounts. They include the “warning” that “any account owner that refuses to update their account after receiving this email will lose their account permanently.” Individuals who receive these emails should not click on the link and should report the emails to the banks immediately, authori- ties said. Raymond Christian with the Financial Crime Unit of the Royal Cayman Islands Police Service said the banks have been made aware of the phishing scams, and that police are investigating. One of the fake emails reads: “As part of our se- curity measures, we regu- larly update all accounts on our database system. We are unable to update your FirstCaribbean Bank ac- count and therefore will be closing your accounts to en- able the upgrade. “You have been sent this invitation because our re- cords indicate you are cur- rently a user whose account has not been activated. We are therefore sending you this mail so you can inform us if you still want to use this account.” In some cases, individ- uals who are not account holders with the banks re- ceived these emails. Both banks have state- ments on their websites warning against such scams. On the main page of its online banking site, CIBC FirstCaribbean notes to cus- tomers that it “never emails them to verify confidential information online.” The bank also has a fraudulent email and phishing email warning, and asks customers who think they have been tar- geted by phishing to con- tact the bank. “We would wish to inform customers that when they re- ceive any info by email like that they should immedi- ately view it with suspicion,” said Debra King, director of corporate communications for CIBC FirstCaribbean. “We do not ever ask cus- tomers to click through and provide any personal account information.” Ms. King said that such phishing scams come up from “time to time” and as soon as the bank is made aware of such scams, it be- gins investigating and at- tempts to put a stop to them. “It’s something that we have to be eternally vigilant about,” Ms. King said. Under the “Privacy and Security” section of its web- site, CIBC FirstCaribbean has a page for Online Fraud Reporting and Alerts where it posts examples of recent email scams. Cayman National also has a notice about phishing and email scams on its website. “All Internet users, espe- cially online banking and credit card customers need to be aware of phishing emails … sent by malicious users attempting to gain ac- cess to private financial in- formation,” the site states. Cayman National also tells site visitors that the bank will “never ask you to verify or update your ac- count information.” The notice advises cus- tomers to input information only to the official Cayman National website, but cau- tions that many phishing scams use websites that closely resemble the real websites, so it is always ad- visable to check the address in the browser to ensure it is the real site. Representatives for Cayman National said they are aware of the emails but were unable to comment further on the matter. The emails, which include digitally imitated logos of the banks, request users to click on a link to update their accounts. Liquor board scheduLes annuaL meeting Renewal of licenses for liquor, music and dancing are on the agenda of the Liquor Licensing Board’s annual meeting at 9 a.m. Sept. 17 in the Government Administration Building. Premises that do not have a renewed license must cease the sale of alcohol as of Oct. 1. New applications and de- ferred new applications will be heard, followed by vari- ations, ratification of the chairman’s decision, and re- newals of liquor, music and dancing licenses. All renewals are subject to compliance with the relevant laws, and licenses for 2015- 2016 will not be issued until premises have fully complied in every respect, according to a press release. Anyone who wishes to object to the renewal of a li- cense has until 48 hours prior to the annual session to do so in writing and can attend the meeting to voice concerns. The deadline for written objections against new applications is seven days prior to the annual ses- sion. Objectors are required by law to attend in person, or by representation. The Liquor Licensing Law provides that whoever dis- poses, exposes for sale or of- fers for sale any intoxicating liquor is guilty of an offense unless he/she holds an ap- propriate license. The full agenda can be viewed at www.dci.gov.ky or on www.gazettes. gov.ky. A copy can be obtained from the Department of Commerce and Investment on the ground floor of the Government Administration Building. Anyone who wishes to object to the renewal of a license has until 48 hours prior to the annual session to do so. deadLine extended for Labor and pensions biLLs feedback New deadline is Sept. 30 The deadline has been extended by one month for the public to pro- vide feedback on the pro- posed Labour Relations Bill and the National Pensions (Amendment Bill, 2015). The new deadline is Sept. 30. The original deadline for public feedback was Aug. 31. According to a state- ment from the Ministry of Education, Employment and Gender Affairs, the govern- ment decided to extend the deadline after receiving re- quests on Monday to do so. The public consultation pe- riod on the bills began at the end of June and included a se- ries of public meetings in each district. The public was also able to submit written feed- back throughout this period. The bills can be viewed at www.education.gov.ky/labourpensions. Feedback can be provided via email to lpl@govy.ky. Dominica seeks more aid after storm ROSEAU, Dominica (AP) – International aid has begun pouring into Dominica fol- lowing the devastating pas- sage of Tropical Storm Erika, but government officials are warning that more will be needed for the eastern Caribbean island to recover from the disaster. The government has sent out requests for aid to “every single leader in this world,” Prime Minister Roosevelt Skerrit said in a nationally broadcast speech late Monday. “This country needs all of the assistance it can re- ceive from every legitimate and legal source of funding,” Skerrit said. The country has already received emergency assis- tance from neighboring is- lands and other countries in the region and had received offers of additional assis- tance from the U.S. and else- where. A British naval ship carrying aid and a Dutch vessel were expected to ar- rive this week. Authorities from Venezuela, Barbados, St. Lucia and Trinidad and Tobago have been assisting with the evacuation of hun- dreds of people in the hard- hit southeast of the island. Power, water and cell phone service have been re- stored and major roads have been cleared, but the airport remained closed. The prime minister said 11 more bodies have been recovered, bringing the death toll to 31. A river overflows, affecting some homes along its banks, due to Tropical Storm Erika in Roseau, Dominica last week. - photo: apThe islands’ most-trusted news source 7 Cayman Compass • Wednesday september 2, 2015 DOES YOUR CHILD HAVE EVERYTHING THEY NEED? #1 Alexander Place • Dorcy Drive, GT 926-5425 caymankarateacademy@gmail.com www.caymankarateacademy.com 4 Weeks of Karate for $69 including Uniform BACK TO SCHOOL SPECIAL meeting. Mr. Macey had re- sponsibility for handling nominations and adminis- tering the election. He initially wrote to Mr. Moxam, on receipt of his ap- plication to run against Mr. Blake, informing him that “it would appear that the require- ments of the nomination pro- cess have been met.” However, he later informed Mr. Moxam that he had not, in fact, met the requirements and would not be allowed to run. The decision to exclude Mr. Moxam and Sharon Roulstone, who had also sig- naled her intent to run for a leadership role, drew criti- cism from Sports Minister Osbourne Bodden, who called on CIFA to hold “free and fair elections.” Mr. Macey has not com- mented on the situation, but the association responded in a statement that the final de- cision had been taken with unanimous approval of the executive committee, fol- lowing legal advice. It stated that it had a clear pro- cess in its constitution, and that Mr. Moxam and Ms. Roulstone had failed to se- cure the minimum support required to run. As a result, Mr. Blake and Mark Campbell continued their roles of first vice pres- ident and assistant gen- eral secretary, respectively, uncontested, on Saturday. Armando Ebanks was elected unopposed to the vacant treasurer’s post. Jeffrey Webb’s role as president was not up for election. He remains offi- cially in the position, though suspended from football ac- tivities by FIFA, making Mr. Blake the acting head of Cayman football. General secretary resigns from CIFA CONTINUED FROM PAGE 1 Man who got life for marijuana charge goes free in Missouri JEFFERSON CITY, Mo. (AP) – A man sentenced to life without parole on a marijuana-related charge was freed Tuesday from a Missouri prison after being behind bars for two de- cades – a period in which the nation’s attitudes toward pot steadily softened. Family, friends, sup- porters and reporters flocked to meet Jeff Mizanskey as he stepped out of the Jefferson City Correctional Center into a sunny morning, wearing a new pair of white tennis shoes and a shirt that read “I’m Jeff & I’m free.” “I spent a third of my life in prison,” said Mizanskey, now 62, who was greeted by his infant great-grand- daughter. “It’s a shame.” After a breakfast of steak and eggs with family, Mizanskey said, he planned to spend his post-prison life seeking a job and advo- cating for the legalization of marijuana. He criticized sen- tencing for some drug-related crimes as unfair and de- scribed his time behind bars as “hell.” His release followed years of lobbying by relatives, law- makers and others who ar- gued that the sentence was too stiff and that marijuana should not be forbidden. Mizanskey was sen- tenced in 1996 – the same year California became the first state to legalize mari- juana for medical purposes. Medical marijuana is now legal in 23 states, and recre- ational marijuana has been legalized in Alaska, Colorado, Oregon, Washington state and Washington, D.C. “The reason he’s get- ting out is because the public clearly has changed its opinion about marijuana, and it’s just one of many ways in which that has been reflected in recent years,” said Mizankey’s attorney, Dan Viets. Just last year, the heavily Republican Missouri Legislature passed a law to allow certain people with epilepsy to seek treatment with a marijuana extract con- taining little of the chemical that causes users to feel high and larger amounts of a com- pound called cannabidiol, or CBD. The patients can include babies, Viets said. “Nobody saw that coming,” he said. “That is a pretty radical statement.” Police said Mizanskey conspired to sell 6 pounds of marijuana to a dealer con- nected with Mexican drug cartels. At the time, the life- with-no-parole sentence was allowed under a Missouri law for repeat drug offenders. Mizanskey already had two drug convictions – one for possession and sale of mari- juana in 1984 and another for possession in 1991.The islands’ most-trusted news source 8 Wednesday september 2, 2015 • Cayman Compass We regret to announce the passing of Frank ‘Franko’ Davito Who departed this life On Sunday, 2nd September, 2012. Condolences can be registered at www.boddenfuneralservices.com The Service of Thanksgiving will be held on Thursday, 6th September, 2012, at the Bodden Funeral Home Chapel, Walkers Road, at 3:00 p.m. Viewing will take place from 2:00 ‐ 3:00 p.m. Interment will follow at the Prospect Cemetery. In loving memory of my beloved husband Frank Davito who passed away on 2nd September, 2012. Three sad and lonely years ago. Your favorite fl owers were red roses, so, I ask the lord in heaven, please pick a bunch for me. place them in his hands and tell frank they’re from me. Please tell him I love him and I miss him, give him a kiss for me. Remembering him is easy, I miss him every day. The love I feel for him will never go away. From your Brown Sugar Francis, and the rest of your family. Frank Davito Sunrise 17-Nov-1932 Sunset 02-Sept-2012 I wish you were here today even for just a little while so we could say Happy Birthday "Son" and see your beautiful smile. The only gifts today will be the gifts you left behind; the laughter, joy and happiness... precious memories...the best kind. Today I'll do my best to try and nd a happy place.... struggling to hide my heavy Heart and the Tears on my face. May the angels hold you close and sing you a happy song... and we'll be sending wishes to you today and all year long. We Love you forever your Mom Lucy & Stepfather Chris Happy 5th Birthday Leon a.k.a. Lee Lee / Cingo 2nd September 1983-14th June 20102nd September 1983-14th June 2010 Weather Service fore- cast, there is a 40 per- cent chance of showers and some thunder on Wednesday and Thursday, a 30 per- cent chance of showers and thunder Friday, and a 30 percent chance of showers Saturday. Mr. Miller said a 30 per- cent chance of isolated showers is normal for summer in the Caribbean. “Ninety percent of the time you’ll get afternoon showers,” Mr. Miller said. “It’s just for the past couple months it’s happened offshore.” Mr. Miller noted that it is still hurricane season, so “preparedness is key.” between 1 and 2 acres, and said the contractor would have to erect fencing around the perimeter “to make it safe, as the first thing. You have to stop people from wandering in. “There will be a certain amount of ‘setup’ in there, and the contractor will want to have a small building of his own,” he said. Because of limited site space and proximity to its heavily used neighbors – the George Town Police Station and the Government Administration Building – the project must be carefully de- signed to be done in phases, he said. “We don’t have the luxury … for example, in the U.S., of simply blowing it up.” The building “is made of struc- tural steel, and that would leave a great big mess, a pile” of twisted metal, he said. “If you’re careful and you take it apart, you can probably burn off the rivets and then reuse the steel,” Mr. Widmer said. “It will be a little shorter because you’ve cut off the ends, but it could be used in another building.” It could also be sold for scrap. Final disposal of the material, he said, will be de- termined by the contractor and the ministry. Its value will be an element in the project price submitted to the Central Tenders Committee. He said construction of a city park on the site would form a second and separate contract. He did not know when work might start or what the costs might be. “It depends on what you want to do and what funding is available,” Mr. Widmer said. Stormy weather will not last long, forecaster says Glass House to be demolished by January Police in illinois hunt for 3 susPects after officer killed FOX LAKE, Ill. (AP) – Police with helicopters, dogs and armed with rifles were con- ducting a massive manhunt in northern Illinois Tuesday after an officer was shot and killed while pursuing a group of suspicious men. The officer, who has not been identified publicly, ra- dioed in to tell dispatchers he was chasing three men on foot in the city of Fox Lake, 55 miles north of Chicago. Communication with him was lost soon after, said Lake County Sheriff’s Office spokesman Sgt. Christopher Covelli. “His backup arrived shortly thereafter and found him injured with a gunshot wound,” Covelli said. “The officer has suc- cumbed to his injuries and passed away.” Undersheriff Raymond Rose told the Chicago Tribune that the officer had also been stripped of his gun and other equipment. Police and other law en- forcement, some of them in military-style camouflage, were seen taking up posi- tions on rooftops and along railroad tracks, scanning the terrain with rifle scopes and binoculars. Others leaned out of helicopters with weapons at the ready. Nearby Grant Community High School was placed on hard lockdown with children and staff in- structed to say hidden and away from windows. “Grant continues to re- main in a lockdown sit- uation at the direc- tion of the Fox Lake Police Department,” the school said in an update on its website. It said all students and staff were safe, with ad- ministrators going from room to room. Authorities in Fox Lake have notified a number of other law enforcement agencies to ask for assis- tance, including the FBI, which is sending agents to help in the investigation. Cara Smith, chief strate- gist for the Cook County Sheriff’s Department, said two bloodhounds from the department were taken to the heavily wooded county to assist in the search. Japan scraps Olympic logo over plagiarism allegation TOKYO (AP) – Tokyo Olympic organizers on Tuesday de- cided to scrap the logo for the 2020 Games following an- other allegation its Japanese designer might have used copied materials. Reversing their earlier support for designer Kenjiro Sano against allegations of plagiarizing the design, the organizers said the decision came after new accusations over the weekend. “We have reached a con- clusion that it would be only appropriate for us to drop the logo and develop a new emblem,” said Toshio Muto, director general of the Tokyo organizing committee. “At this point, we have decided that the logo cannot gain public support.” The logo has faced scru- tiny since a Belgian designer took legal action saying it resembled one of his works that was created for a theater in Belgium. Organizers had defended Sano during a news confer- ence last Friday when they released his original design, which had been altered into its final shape, to stress its authenticity. That, instead, triggered fresh allegations over the initial “T” design. Sano, 43, stood by his de- sign but offered to with- draw the logo during dis- cussion with the organizers earlier Tuesday. “I swear my design did not involve copies or plagia- rism,” Sano said in a state- ment on his website late Tuesday. “Any attempt of sus- pected copying or plagiarism should never be permitted.” Muto said the organizing committee will have an- other competition to decide a new logo “as soon as pos- sible,” though he did not give a schedule. Prime Minister Shinzo Abe told reporters before the announcement that the organizing committee was making “an appropriate de- cision” and that the Olympic Games must be an event that is celebrated by everyone. The logo scandal is an- other embarrassment for Japan, which scrapped the initial design of the main sta- dium for the Games following public uproar over its sky- rocketing cost estimate. The delay caused by that revi- sion meant the new stadium will not be ready for the 2019 Rugby World Cup as had been initially promised, and that organizers and builders will be struggling to meet the revised deadline of January, 2020 set by the International Olympic Committee. “Discontinuing [the logo] within just over a month of its announcement has shaken the trust” of the people and the global sports community, Japanese Olympic Committee President Tsunekazu Takeda said in a statement, urging officials to promptly provide an explanation. Sano, who has faced alle- gations of plagiarism since the logo’s July debut, now faces a reputation of a ha- bitual plagiarizer. He apologized to artists and other involved parties over some of his works un- related to the Olympic logo, while blaming some media for giving him a “bad image” and reporting “as if all of my designs were copies.” He decided to pull the logo as “I have to protect my family and staff from persis- tent attacks and bashing over the ruckus,” Sano said. “I feel the situation has become un- bearable as a human being.” The logo of Tokyo Olympic Games 2020 that will be scrapped over allegations of plagiarism. - Photo: aP CONTINUED FROM PAGE 1 CONTINUED FROM PAGE 1 Police officers patrol a swampy area in Fox Lake, Illinois during a manhunt after an officer was shot and killed Tuesday while pursuing a group of suspicious men. - Photo: stacey Wescott/chicago tribune via aPThe islands’ most-trusted news source 9 Cayman Compass • Wednesday september 2, 2015 Obama paints doomsday scenario President Barack Obama is painting a doomsday scenario for the Arctic and beyond if climate change isn’t dealt with fast: entire nations submerged, cities abandoned and refugees fleeing in droves as conflict breaks out across the globe. 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WIN 2 x $250 KIA Vouchers 2 x $500 Gas Vouchers $600 BMW Lifestyle Package Plus much more... Pope: Priests in Holy Year can absolve ‘sin of abortion’ VATICAN CITY (AP) – Pope Francis declared on Tuesday he is allowing all priests in the church’s upcoming Year of Mercy to absolve women of the “sin of abortion” if they repent with a “contrite heart,” saying he is acutely aware some feel they have no choice but to abort. Reflecting his papa- cy’s central theme of mercy, Francis said in letter pub- lished by the Vatican that he has met many women bearing “the scar of this ag- onizing” decision to abort. He said God’s forgiveness cannot be denied to those who repent, and therefore he is giving all priests the power to absolve the sin in the Holy Year of Mercy, which runs Dec. 8, 2015 until Nov. 20, 2016. The church views abor- tion as such a grave sin that, until now, a Catholic woman who wanted to repent for an abortion could not simply go to her local parish priest. Instead, her diocese’s bishop needed to delegate a priest expert at dealing with such confessions, to hear the woman’s confession, or re- served for himself the deci- sion on whether to absolve such women. Essentially Francis is making it possible for women to bypass this formalized process in the approaching special Year of Mercy. In the United States, which the pope will visit on a pilgrimage this month, many bishops already allow priests to absolve women who have had abortions, while in some dioceses, bishops have re- served the decision for them- selves, said the Rev. James Martin, editor-at-large of the Jesuit magazine America. The pope’s directive on Tuesday “reminds priests of the need for mercy, and it also takes a very pastoral tone to- ward woman who have had an abortion,” Martin said. In his letter, Francis made clear he isn’t downplaying the gravity of abortion for the church, which essentially views abortion as equiva- lent to murder. Instead, he applied his vision of mercy to what is an intensely per- sonal, often anguished choice for women. “The tragedy of abor- tion is experienced by some with a superficial aware- ness, as if not realizing the extreme harm that such an act entails,” Francis wrote in a letter to a Vatican official promoting the church’s evan- gelization efforts. “Many others on the other hand, although experi- encing this moment as a de- feat, believe that they have no other option.” Francis drew on decades of pastoral experience with rank-and-file faithful in his native Argentina, including as Buenos Aires archbishop. “I have met so many women who bear in their heart the scar of this ago- nizing and painful decision,” the pope wrote. “I am well aware of the pressure that led them to this decision,” Francis said. “I know that it is an existential and moral ordeal.” Pope Francis celebrates a Mass at the Vatican’s Santa Marta hotel on Monday. - Photo: APNext >