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Chase Bank Limits Cash Withdrawals, Bans International... Before you read this report, remember to sign up to http://pennystockpaycheck.com for 100% free stock alerts Chase Bank has moved to limit cash withdrawals while banning business customers from sending...

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Richemont chairman Johann Rupert to take 'grey gap... Billionaire 62-year-old to take 12 months off from Cartier and Montblanc luxury goods groupRichemont's chairman and founder Johann Rupert is to take a year off from September, leaving management of the...

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Cambodia: aftermath of fatal shoe factory collapse... Workers clear rubble following the collapse of a shoe factory in Kampong Speu, Cambodia, on Thursday

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Spate of recent shock departures by 50-something CEOs While the rising financial rewards of running a modern multinational have been well publicised, executive recruiters say the pressures of the job have also been ratcheted upOn approaching his 60th birthday...

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UK Uncut loses legal challenge over Goldman Sachs tax... While judge agreed the deal was 'not a glorious episode in the history of the Revenue', he ruled it was not unlawfulCampaign group UK Uncut Legal Action has lost its high court challenge over the legality...

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Pacific Rim Mining Corp. (PFRMF: OTC Link) | Pacific Rim Mining Announces Fiscal 2013 First Quarter Results

Category : Stocks

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PMU News Release #12-07
TSX: PMU

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Lawmakers view disputed Senkaku Islands

Category : World News

Six Japanese lawmakers from both the ruling and opposition parties viewed the disputed Senkaku Islands in the East China Sea on Sunday, ahead of a parliamentary hearing on Tokyo Gov. Shintaro Ishihara’s plan for the metropolitan government to purchase privately owned land on three of the major islands in the chain.
The lawmakers took part in a tour organized by a private group and local fishermen with around 120 participants on 14 boats, including Tokyo metropolitan assembly members, officials of the city of Ishigaki, which has administrative jurisdiction over the islets, and reporters.

Link: Lawmakers view disputed Senkaku Islands

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Lufthansa seeks to cut 3,500 jobs

Category : World News

German airline Lufthansa says it will cut 3,500 jobs as it seeks to cut its administrative costs by a quarter.

Read more from the original source: Lufthansa seeks to cut 3,500 jobs

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Beacon Redevelopment Industrial Corporation’s New Management Invokes Multiple Administrative Changes

Category : Stocks, World News

NEW YORK, NY–(Marketwire – Apr 24, 2012) – Beacon Redevelopment Industrial Corporation (PINKSHEETS: BCND) today announced multiple administrative changes regarding operations.

Read the original here: Beacon Redevelopment Industrial Corporation’s New Management Invokes Multiple Administrative Changes

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Benefit cut sees tenant dependent on landlord’s food parcels

Category : Business

Margins are so tight that a two week hiccough leaves jobseeker with nothing in her purse

Ian Mearns’ case for the north east in these very hard times, posted on the Northerner first thing today, is reinforced by the experiences of Michelle Remmer from Sunderland.

Our colleagues at North News have sent details of how the 32-year-old was reduced to accepting food handouts from her landlord when her Jobseekers’ Allowance was delayed because of an administrative mistake.

Remmer was told that she did not meet legal obligations to qualify for the payment, a maximum of £71 a week for over-25s, although she had finished a six-week course at college and started looking for work, with ten applications under her belt.

She had no income for a fortnight and was told that she would have to take work at a charity shop to have the allowance restored, a challenge in any event but doubly hard when she couldn’t afford the bus for the five mile round trip into town. Luckily her landlord, Charlie Pink, isn’t the Dickensian sort. Instead of demanding to know immediately where his rent was going to come from, he sorted out food to cover meals while the allowance was stopped.

This isn’t a Starving Britain story, nor is the problem specifically north eastern or northern. It’s only fair to point out that Beveridge’s ‘cradle to grave’ support remains intact, with Remmer keeping her housing benefit which in turn secures Pink’s finances. And five miles a day isn’t impossible to walk.

But it illustrates how difficult life is getting as the recession makes job-hunting harder at the same time as screwing down the pressure on the public sector to save money wherever possible. The Jobseekers’ Allowance website has an impressive click button which processes a new online claim within 40 minutes and one which has lapsed within the last six months in quarter of an hour. But that doesn’t help, if the answer is No.

Remmer and Pink say that there was no correspondence explaining the decision or when payments might resume, and the only advice given verbally was that Remmer had the right to appeal against the decision but that process could take up to three weeks. The Department for Work and Pensions has now admitted an administrative error and have repaid Michelle the two weeks’ money. A spokesman says:

We apologise to Michelle Remmer for the administrative error on her claim which affected the payment of benefit. We reinstated the payments immediately and have written to her to apologise.

So that was quick and handsome of them, and Remmer says:

I feel much better now. It’s definitely a relief. If my housing benefit hadn’t gone in, I could have faced homelessness.

Pink says that he’s happy for Remmer but wonders how many other cases may follow:

I’ve got three or four more like Michelle. It’s going to be a big problem, people getting their benefits stopped and having no money. Some will potentially turn to crime. At least if you go to jail you know you’ve got food and a roof over your head.

Kumamoto given greater authority

Category : World News

The city of Kumamoto on Sunday was accorded expanded administrative authority after it was elevated to a “government ordinance-designated city.”
The municipal government is now empowered to handle 317 different kinds of administrative affairs, including recruitment of public school teachers and maintenance of national and prefectural roads, on behalf of the Kumamoto Prefectural Government.

Here is the original post: Kumamoto given greater authority

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Government to slash hiring 56% in ’13

Category : World News

The central government has decided to cut the number of new recruits for fiscal 2013 by 56 percent from 2009, when 8,511 fledgling bureaucrats were hired, government sources said Saturday.
Deputy Prime Minister Katsuya Okada had initially aimed for a 70 percent reduction from fiscal 2009, but the goal was pared to 60 percent in light of growing concerns about reduced administrative services, the sources said.

More here: Government to slash hiring 56% in ’13

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Tianrong Internet Products and Services, Inc. (TIPS: Grey Market) | TIPS Announces Update on SEC Administrative Proceedings

Category : Stocks, World News

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March 26, 2012.

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Mr. Okada’s pseudo-reform

Category : World News

Deputy Prime Minister Katsuya Okada has directed government ministries to reduce the number of recruits for fiscal 2013 by an average of about 70 percent from fiscal 2009′s level. This is a typical example of the pseudo-reform that the Democratic Party of Japan government often uses to dupe the public. The government is apparently trying to use the recruitment cut as a sort of quid pro quo for people to accept the planned consumption tax hike.
Mr. Okada’s directive could lead to the bashing of public servants and lower the quality of administrative services. Instead of adopting an “easy” policy like slashing the number of recruits, the government should tackle the more difficult job of breaking the bureaucracy’s vested interests and eliminating waste and unnecessary work in the central bureaucracy. For example, the work of independent administrative agencies should be placed under strict scrutiny.

Continue reading here: Mr. Okada’s pseudo-reform

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Pacific Rim Mining Corp. (PFRMF: OTC Link) | Pacific Rim Mining Corp. Announces Fiscal 2012 Third Quarter Results

Category : Stocks

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PMU News Release #12-01
TSX: PMU, OTCQX: PFRMF
March 5, 2012

Pacific Rim Mining Announces Fiscal 2012 Third Quarter Results

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