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Meter mess also in NOTL. Parkers beware, one and two dollar coins from 2012 are not being accepted in parking meters and pay and display meters across Niagara-on-the-Lake. Stickers have been placed on the meters to notify those paying for parking. The new design of the coins, rolled out earlier this year by the Royal Canadian Mint, makes them lighter than previous versions and as a result parking meters are not recognizing the coins.

Finding change for the parking meter just became a little bit more difficult.

At a time when people are more likely to reach into their wallets and pull out plastic when paying for something, finding change to drop in a parking meter can sometimes be a hard feat to pull off.

Now, people putting that change into parking meters or pay and display machines in Niagara-on-the-Lake will have to look closely to ensure the loonies and toonies arent from 2012. The problem? New $1 and $2 coins do not work in parking meters or pay and display machines around town. In fact, its not just Niagara-on-the-Lake thats experiencing this problem. Other municipalities, like St. Catharines, and beyond, are facing a similar problem.

The new coins, dubbed as a new generation of one-dollar and two-dollar circulation coins by the Royal Canadian Mint, feature leading-edge security features combined with a multi-ply plated steel technology. The end result is meant to create a more resistant, long-lasting coin that will also increase cost-efficiencies for the federal government.

The new coins weigh less than previous years editions, whereas in the past one-dollar coins weighed 7.0 grams, they now weigh in at 6.27 grams. Two-dollar coins previously weighed 7.3 grams and now weigh 6.92 grams. On its website, the Mint said it has spent several years preparing vending equipment manufacturers and operators for the change and anticipated the great majority of vending equipment will accept the new coins by the time they enter circulation.

However, Niagara-on-the-Lake and other municipalities across the country are finding out thats simply not the case.

Stickers have been placed on parking meters and pay and display machines across town, notifying people not to use the new coins.

Dawn McInnis, Niagara-on-the-Lake communications and customer service project manager, said staff is working to address the problem. Replacing the machines isnt an option, she said noting it would cost an estimated $28,000 to do so. Meter manufacturers are being consulted, but in the meantime drivers are being reminded to avoid using the coins.

Aside from looking at the year on the coin, people will be able to recognize the coins by several visible changes. The one-dollar coin will still feature its iconic loon image, but now the loon will be joined by a maple leaf in a circle. The two-dollar coins will feature two laser marks of maple leaves, each within a circle, at the bottom of the side with the polar bear design. There will also be a virtual image of two maple leaves at the top of the coin, with a different image produced as the coin is turned from side to side. The words Canada and 2 dollars will be engraved along the coins outer edge.

Originally posted here:
Meter mess also in NOTL

PLATTSBURGH Shelly Pitcher and her 12-year-old son, Chase, never pass up loose change.

"We have done it since Chase was real young," she said. "Anytime we saw a coin on the ground, we would pick it up."

Those nickels, dimes and pennies add up, especially around the holiday season. The two have enjoyed treating themselves with the free money they had collected.

"Eventually, we were finding quite a bit, so last year we came up with the idea to save it up for a whole year," Shelly said.

By the end of summer, Chase began thinking about the best way to spend the money. The Pitchers have always been animal lovers they have both cats and dogs as pets.

And since he has volunteered at local animal shelters, he thought it would be money well spent to donate everything they found to those places.

The pair called their effort Coins for Cats, Dollars for Dogs.

ACTIVE SEARCH

For the first time, they actively went out of their way to find coins. The two specifically went to the mall and other locations where people tend to drop money.

The goal was to reach $300, in order to split it evenly among the Adirondack Humane Society and St. John Feral Cat Fund, both in Plattsburgh, and the Elmore SPCA in Peru.

Excerpt from:
Coin collectors for a cause

GRAND CAYMAN, CAYMAN ISLANDS--(Marketwire -05/15/12)- Tethys Petroleum Limited ("Tethys" or "the Company") (TPL.TO)(TPL.L) today announced its first quarter 2012 financial results. The results are underlined by a 45% increase in revenues over the first quarter of last year.

The Company reports financial results in accordance with International Financial Reporting Standards ("IFRS").

RECENT HIGHLIGHTS

The full Q1 Results together with a Management Discussion & Analysis have been filed with the Canadian securities regulatory authorities. Copies of the filed documents may be obtained via SEDAR at http://www.sedar.com or on Tethys' website at http://www.tethyspetroleum.com. The summary financial statements are attached to this press release.

The above highlights along with other operational and financial details will be further discussed in a scheduled conference call. Details of the conference call can be found below:

Conference Call:

A conference call will be held at 8:00 AM Eastern Standard Time 1:00 PM British Summer Time on Wednesday, May 16, 2012. The North American conference call number is 800-261-3417 and the outside North America conference call number is +1 617-614-3673. The conference call code to use is 26577200 . Please call in about 10 minutes before the starting time in order to be patched into the call.

Webcast:

The call is being webcast and can be accessed at:

http://phoenix.corporate-ir.net/phoenix.zhtml?p=irol-eventDetails&c=213714&eventID=4773558

Excerpt from:
Tethys Petroleum Limited: First Quarter 2012 Financial Results

Grand Cayman, Cayman Islands (PRWEB) May 16, 2012

These are the early days for Cayman Enterprise City, the Caribbeans only technology-based Special Economic Zone, and Jason Blick CECs young and dynamic Chief Executive Officer is brimming with optimism and excited about what he and his team are developing in the Cayman Islands. We are doing tremendously well, he said. There are 5 companies now established within the Zone, 17 are in the process of being set up and another 80 plus are in the pipeline at various stages of negotiation so I couldnt be happier.

It is the realization of a bold concept that Blick, a finance law attorney and expert on Special Economic Zones, envisioned while working with successful SEZs in the Middle East The Cayman Islands is a tax-neutral jurisdiction offering easy access to lucrative and emerging markets in North and Latin America. Using the experience, knowledge and insight gained from a decade in Dubai, Jason Blick set off in 2008 on a four-year search of the Caribbean region. The journey ended in the Cayman Islands. Cayman stood out, he said. It has a forward-thinking government, a very dynamic community, and a wealth of support services we never had in Dubai.

The Special Economic Zone, enabled by Cayman Islands legislation passed last year, opened for business in this January, a year after Blick and his team signed a Memorandum of Understanding with the government. The project was fast-tracked with support from the government, the Civil Service and the private sector. CECs master campus which breaks ground this summer, will include an Internet& Technology Park, a Biotech Park, a Media Park, a Global Commodities Park, an International Academic Park and an Outsource Park. Companies licensed to operate in the zone are globally focused and not allowed to trade in Caymans domestic economy.

I was very grateful for the foresight and vision of the Premier, the Honorable McKeeva Bush, said Jason. Mr. Bush came to Dubai with us and saw for himself the success of the zones in the Middle East.

Blick moved to the Middle East from England fresh out of law school because he says it was the place to be in the 1990s. Dubai was a new frontier where the free zones were merging technology and media it was exhilarating! he says. He advised operators, partners, financiers and end-users of Special Economic Zones. He watched Dubai Internet City develop from a sandy wasteland into a thriving economic hub in ten short years, and he also witnessed the positive impact that these economic powerhouses had on local economies. Jason Blick is confident that CEC will create new jobs, new industries, new businesses and new careers in Cayman and boost and diversity its economy.

His experience and ties to the Middle East have led to a strategic partnership with Dubai Multiple Commodities Centre, strengthening trade relations between the United Arab Emirates and the Cayman Islands. In a highly competitive global financial market, relationships like this benefit investors, so companies established in both zones can quickly access new markets.

Cayman Enterprise City is the first special economic zone to house commodities teams and this is the only SEZ in the world that has a partnership with Dubai, he said. This is a reflection of their belief in our model and we are very excited about it.

Jason Blick is also confident that many of the Fortune 500 companies will establish a presence in Cayman Enterprise City. They are always watching for the next opportunity, and now because of the internet companies can conduct global sales from anywhere in the world, he says.

Why Cayman Enterprise City? Zero Taxes, responds the CEO emphatically when the question is posed. From US$12,492 a year you can quickly have your company established and operating in a tax-neutral environment. You dont have any import duties, there is no sales tax, no income taxes, no corporate taxes, no capital gains and you can have 100% ownership of your company, and it will be tax exempt for 50 years.

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Cayman Enterprise City - A Bold Vision, An Exciting Reality

Baby red crabs have infested the Cayman Islands by the hundreds of thousands, an in unusually heavy migration season that has caused havoc. If local superstition is any indicator, the Caribbean may face a rough hurricane season.

The crabs have scurried on past the immediate coast, onto roads, residents' yards, climbing up homes and scratching their way into homes. Most are infesting two of the three islands, Cayman Brac and Little Cayman.

"People living in the coast will have them everywhere," Tim Austin, deputy director of the Cayman Islands' Environment Department, told the AP. "They get in houses, into your AC system. Anywhere there's a gap, they'll find it. They're trying to get somewhere where they'll live happily."

Austin believes low tides and the recent "supermoon" combined to make it life easier for the baby red crabs, allowing more of them to reach land.

The crabs' red hue is misleading, as the creatures climb ashore after they're born and lay low in forests and wetlands until they grow and reproduce, heading back into the water as a large black land crab seeking to deposit their eggs.

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The creatures grow from the size of about a thumbnail to nearly a foot in some cases. Fully grown crabs can scamper at up to six feet per second, have been known to claw at the tires of passing cars.

Locals colloquially call them "Hurricane Crabs" because a superstition connects their presence to a particularly bad hurricane season.

Baby red crabs, up to the size of a thumbnail, have climbed up windows and into AC units, among other places.

"There's a very strong feeling on the island that they relate to the arrival of a hurricane," District Commissioner Ernie Scott of Cayman Brac told the Cayman Compass. He added: "I've seen them here in hurricane seasons when we didn't have any hurricanes and I've seen them in a season where we've experienced hurricanes."

Originally posted here:
Baby Red Crabs Invade Cayman Islands, Could Signal Tough Hurricane Season