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Cayman Islands |
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Cayman IslandsBritish island group in the West Indies; area 260 sq km/100 sq mi; population (2001 est) 35,500 (mostly on Grand Cayman). The Caymans lie 160 km/100 mi south of Cuba and comprise three low-lying coral islands: Grand Cayman, Cayman Brac, and Little Cayman. The capital is George Town (on Grand Cayman), which has an international airport to serve the tourist industry. The islands export seawhip coral (a source of prostaglandins), lobsters, shrimps, honey, and jewellery. The Cayman Islands were first reached by Christopher Columbus in 1503; they were acquired by Britain following the Treaty of Madrid in 1670, and became a dependency of Jamaica in 1863. In 1959 the islands became a separate crown colony, although the inhabitants chose to remain British. From that date, changes in legislation attracted foreign banks and the Caymans are now an international financial centre and tax haven as well as a tourist resort, with emphasis on scuba diving. The Islands are governed by a governor, executive council, and legislative assembly. English is the chief language; the currency is the Cayman Island dollar. How to thank TFD for its existence? Tell a friend about us, add a link to this page, add the site to iGoogle, or visit webmaster's page for free fun content. |
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Tax-sheltering aside, there's also a Caymanian coziness with companies that later go bust--according to one investigator looking into Enron, "We found 441 entities setup in the Cayman Islands," most of which were "inactive shells. Careful research and prior experience has led us to conclude that we cannot count on this group to uphold the standards of appropriate behavior expected of visitor to the Cayman Islands," wrote Thomas Jefferson, the Caymanian minister of tourism, commerce, and transport, to Norwegian Cruise Lines. This unique festival celebrates every form of Caymanian culture, from shipbuilding and thatching lessons to open-mike poetry jams and storytelling events like Granny Backyard, a radio event during which Caymanian women reminiscence about the lonely days when the men were at sea. |
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