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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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Libor and banker pay: An unfortunate marriage

Category : Business

Given the widespread impact of the Libor scandal, it’s strange that academics and former bankers are continuing to advocate the use of bonds or interest rate swaps to compensate top banking execs.

See original here: Libor and banker pay: An unfortunate marriage

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Elizabeth Warren rumoured to be joining Senate banking committee

Category : Business

High-profile appointment would put the freshman senator – and banking reform advocate – right where she wants to be

Read the latest on the US fiscal cliff negotiations

For politicians, a spot on the Senate banking committee is one of the sweetest political plums, a throne of power and money that often lifts its members above the desperate money-raising fray suffered by most other members of Congress. The reason is simple: being in charge of banking regulation usually means a lot more money and attention from … banks.

It’s rare for freshman senators to land such a powerful spot. Usually, the corridors of the Senate meetings rooms and cafeteria are thick with wheeling-and-dealing by senators hoping to land a spot on banking or energy or another committee. These spots aren’t usually given away; they require the party leadership’s support.

So the news that Elizabeth Warren, the former Harvard Law professor, has apparently landed a spot on the Senate banking committee is an idea that must be regarded with sufficient awe. Rumors are being reported as a sure thing in a number of publications, from the Huffington Post to Politico to Bloomberg News.

Warren’s sheer relentlessness has led her to join a committee on which she is able to do – in the best possible way – the most damage. And the banking industry, which struggled to lobby against her, has to take another very public hit to its influence under President Obama. They know Elizabeth Warren as an adversary, and they don’t want to go through that again.

It’s worth revisiting her trip to this vaunted position. Warren is a well-known investor advocate, slamming the banking industry for everything from foreclosures to proprietary trading, which occurs when banks trade for their own profit rather than those of clients. Warren founded the Consumer Financial Protection Bureau, which was mandated by the Dodd-Frank financial reform act.

Having devoted all her effort to it, however, she was blocked by Congress from actually running it.

Warren decided to gain vengeance by grabbing a Senate seat to start campaigning against the dominance of big banks, all the while earning their increasing ire.

The Democratic leadership has taken a strong swipe against both their Republican nemeses and the banking industry by giving Warren a spot on the banking committee. For the rest of us, it’s time to just sit back and watch the fireworks.

Worst Year for West Nile Is Expected, Officials Say – New York Times

Category : Stocks


CBC.ca
Worst Year for West Nile Is Expected, Officials Say
New York Times
The nation is heading toward the worst outbreak of West Nile disease in the 13 years that the virus has been on this continent, federal health authorities said Wednesday. But it is still unclear where and how far cases will spread.
US West Nile cases, deaths jump in latest weekReuters
Missouri, Illinois health officials tracking West Nile, salmonella outbreaksSTLtoday.com
UPDATE 1-US West Nile cases, deaths jump in latest weekChicago Tribune
West Central Tribune

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WikiLeaks has data from 2.4 million Syrian emails – New York Daily News

Category : Stocks


New York Daily News
WikiLeaks has data from 2.4 million Syrian emails
New York Daily News
LONDON — The secret-spilling group WikiLeaks said Thursday it was in the process of publishing material from 2.4 million Syrian emails — many of which it said came from official government accounts. WikiLeaks' Sarah Harrison told journalists at
WikiLeaks starts publishing two million emails on Syria crisisHindustan Times
WikiLeaks begins publishing tranche of Syria emailsTelegraph.co.uk
WikiLeaks exposes Syria filesGreat Lakes Advocate
New York Times
all 612 news articles

Stanford denies being involved in Ponzi scheme – Bloomberg Businessweek

Category : Stocks


Sydney Morning Herald
Stanford denies being involved in Ponzi scheme
Bloomberg Businessweek
By JUAN A. LOZANO Former Texas tycoon R. Allen Stanford, convicted in one of the largest Ponzi schemes in US history, has told a judge he did nothing wrong. In a rambling statement Thursday, Stanford claimed he was a scapegoat.
Stanford Gets 110-Year Prison Sentence for $7 Billion FraudSan Francisco Chronicle
Scam earns ex-tycoon 110 yearsSTLtoday.com
Stanford gets 110 years for defrauding investorsFort Worth Star Telegram
Pittsburgh Post Gazette

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Stanford denies being involved in Ponzi scheme – Bloomberg Businessweek

Category : Stocks


Sydney Morning Herald
Stanford denies being involved in Ponzi scheme
Bloomberg Businessweek
By JUAN A. LOZANO Former Texas tycoon R. Allen Stanford, convicted in one of the largest Ponzi schemes in US history, has told a judge he did nothing wrong. In a rambling statement Thursday, Stanford claimed he was a scapegoat.
Stanford Gets 110-Year Prison Sentence for $7 Billion FraudSan Francisco Chronicle
Scam earns ex-tycoon 110 yearsSTLtoday.com
Stanford gets 110 years for defrauding investorsFort Worth Star Telegram
Pittsburgh Post Gazette

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10 Summer Beers That Won’t Break Your Budget

Category : Business

NEW YORK (MainStreet) — Craft beer geeks and mainstream beer drinkers usually don’t mix, but summer has a way of getting everybody to the same bar.

By necessity, beer drinkers tend to shift to lighter, more refreshing brews as temperatures rise. They also tend to drink a lot more of it than at any other time of the year. The Treasury Department’s Alcohol and Tobacco Tax and Trade Bureau’s statistics show that brewers produced roughly 17 million barrels last may and 18 million barrels a month from June through August. That’s well up from the 14 million to 15 million a month they generally crank out during the rest of the year.

Considering that uptick in volume, is there any way to buy beer during the summer without breaking the bank or sipping swill? With help from folks at multistate wine and beer sellers Total Wine and reviewers at RateBeer and Beer Advocate, we priced out 10 of the summer’s best beer offerings that won’t break your budget. Price may vary by location, but these widely available brews won’t: …

Click to view a price quote on TAP.

Click to research the Food & Beverage industry.

See original here: 10 Summer Beers That Won’t Break Your Budget

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Chicago Walk Now for Autism Speaks Will Raise Awareness and Funds for Autism Advocacy and Research at Soldier Field

Category : Stocks, World News

CHICAGO, IL–(Marketwire – May 4, 2012) – Autism Speaks, North America’s largest autism science and advocacy organization, today announced that the 9th annual Chicago Walk Now for Autism Speaks fundraising and awareness event will take place on Saturday, May 12th at Soldier Field. All event proceeds will support Autism Speaks’ work, both locally and nationally, to increase awareness about the growing autism health crisis, fund innovative autism research and family services, and advocate for the needs of individuals with autism and their families in Chicago and beyond. Autism spectrum disorder is now diagnosed in 1 in every 88 children, including 1 in 54 boys, making it the fastest-growing serious developmental disability in the U.S.

See more here: Chicago Walk Now for Autism Speaks Will Raise Awareness and Funds for Autism Advocacy and Research at Soldier Field

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The People vs. the IRS

Category : World News

Nina Olson, the national taxpayer advocate, is leading frustrated filers through the IRS labyrinth

Read more here: The People vs. the IRS

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Fighting the good fight for a healthy natural diet

Category : World News

Mamiko Matsuda, the best-selling author, translator and nutritional expert who divides her time between Japan and Houston, overcame an early struggle with poor health and disease to become an advocate for healthy diets and “natural hygiene.”
Matsuda, 63, also had to overcome a youthful fascination with what she calls the standard American Diet.

Here is the original post: Fighting the good fight for a healthy natural diet

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