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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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Enjoy Perfectly Topped Spring Desserts

Category : Stocks, World News

MISSION, KS–(Marketwired – Apr 18, 2013) – (Family Features) Whether you’re getting together with family or hosting a large gathering, celebrate this spring season with great desserts that won’t have you crumbling under pressure when it is time to set the dessert table. From chocolate cake to frosted cookies, the answer to flawlessly frosted desserts is right in your freezer.

More here: Enjoy Perfectly Topped Spring Desserts

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Britain’s banks: time for a Leveson | Editorial

Category : Business

Five years on from the banking crash and amid a historic economic slump, Britons have not been given a full reckoning of how we ended up here

“Tactics without strategy,” observed the Chinese military philosopher Sun Tzu, “is the noise before defeat.” Goodness knows what he would have made of Britain’s attempts to rehabilitate its banking system, for here surely is a case study of tactics triumphing over strategy. Take the strange events this week over the disgraced management at HBOS; or what we might call, with apologies to Mark Haddon, the Curious Incident of the Bankers and the Knights.

Last Friday, Andrew Tyrie MP and his commission on banking standards reported on the collapse of HBOS. It was an impressive and straight-talking publication that said the bank failed because it was woefully unsound, rather than simply unlucky, and criticised the watchdog as “thoroughly inadequate”. The commissioners bluntly asked whether the “delusional” former chief executives Sir James Crosby and Andy Hornby and chairman Lord Stevenson should be allowed to work in the City again.

Number 10 greeted the findings with caution, promising a response next month. But Vince Cable interrupted his recess to call for the HBOS three to be banned from ever again being company directors. No doubt spying a bandwagon hurtling towards him, Sir James surrendered his knighthood on Wednesday along with 30% of his pension pot. This week ends with the Treasury select committee calling on the other two to follow suit.

Reckless directors of failed banks should certainly be punished, but not in such an arbitrary manner. Who has decided that a third of a pension and a knighthood are the price of failure? Why should Sir James be the only top executive to suffer? What about the non-executive directors, who agreed all those lavish pay deals? The auditors who signed off the accounts, including all those loans? The regulators? The Labour government, which decided in 2006 that Mr Crosby deserved a knighthood for “services to the finance industry’” – and to be deputy chair of the Financial Services Authority?

The fact that these questions still lack satisfactory answers is surely connected with the rough justice this week. Five years on from the banking crash, and amid a historic economic slump, Britons have not been given a full reckoning of how we ended up here. In its place has emerged a ritual dance of fresh scandals (PPI, Libor, swap misselling, bonuses) that sparks justified public outrage – and provokes ministers to promise to do something. But what?

No one is well served by this wearisome cycle. Taxpayers are deprived of full-spectrum information about a crisis for which they have paid heavily. Some parts of our failed financial system escape scrutiny (such as the auditors); other institutions opt to conduct their own investigations on their own terms (think of Barclays, with its tepid Salz review). The public debate about how to rebuild our shattered economy is all the poorer as a result; ministers talk about how new “challenger” banks are the answer, forgetting that the freshly merged Halifax-Bank of Scotland described itself as a “challenger” bank. And bankers also suffer, through a chronic lack of public trust.

The former chair of the FSA, Lord Turner, once proposed a royal commission into the causes of the crash. A public inquiry remains essential. The official commissions we have had so far have drawn too heavily on former financiers, both as witnesses and panellists. Instead, there should be a hearing along the lines of the Leveson inquiry, independent and judge-led, drawing on legal counsel and concluded relatively quickly. The recommendations would surely discomfort, even dismay, many involved; but in this case that might be a badge of success. The banking crisis was possibly the most expensive economic disaster visited on postwar Britain; some kind of democratic reckoning of how it came about and how to avoid the next one is not just essential for our economy – it may well be vital for our politics.

REMINDER/Media Advisory: Commander Chris Hadfield Communicates Through Amateur Radio With Air Cadets From Milton, Ontario

Category : Stocks

LONGUEUIL, QUEBEC–(Marketwired – April 6, 2013) - As part of the Amateur Radio on the International Space Station (ARISS) program, Canadian Space Agency (CSA) Astronaut Chris Hadfield will answer questions live from the International Space Station.

Read this article: REMINDER/Media Advisory: Commander Chris Hadfield Communicates Through Amateur Radio With Air Cadets From Milton, Ontario

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Medbox, Inc. (MDBX: OTC Pink Current) | Medbox to Host Free Educational Seminar & Demonstration April 3rd in Massachusetts

Category : Stocks

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Medbox to Host Free Educational Seminar & Demonstration April 3rd in Massachusetts

PR Newswire

HOLLYWOOD, Calif., March 29, 2013

HOLLYWOOD, Calif., March 29, 2013 /PRNewswire/ –

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Got an Isa question? Don’t ask your bank

Category : Business

Of 180 advisers in Which? survey only 28 gave full correct answers on Isa transfers, with HSBC and Yorkshire doing worst

How do you transfer your old cash Isa to a new provider? According to one RBS employee, the answer is: “Just withdraw all your funds, close the account down and transfer it to somebody else.” If you were to take these steps your savings would lose their tax-free status, which could leave you substantially out of pocket. Instead, your new provider should manage the transfer for you.

The RBS employee’s inaccurate advice is just one example of the misinformation being bandied around by banks and building societies about Isas, according to research from Which? to be published on 22 March. Its researchers called 180 advisers at 15 different providers to test their knowledge of the cash Isa transfer rules; only 16 gave fully correct answers to all of its questions.

Some of the biggest clangers came when the advisers were asked how much you can put into a cash Isa each year. The limit is currently £5,640, which will rise to £5,760 on 6 April 2013. “There’s no limit,” said one Yorkshire bank employee, while an HSBC member of staff said: “We cannot provide that information.”

“Without reliable advice, customers could be put off from moving their money or, worse still, lose out as a result of misleading information,” said Which? executive director Richard Lloyd.

“We want to see better training for frontline staff as part of the big change that’s needed in banking, so that banks put customers first.”

Of the 15 providers Which? tested, each was given a percentage score based on how many of their advisers answered all the questions correctly. The consumer body made 12 calls to each provider.

National Savings & Investments’ advisers gave the most correct answers, with an overall score of 72%. Santander and the Cooperative were not far behind.

At the bottom of the table were HSBC, scoring just 33% for accurate advice, Yorkshire bank, scoring 35%, and RBS with 44%. Even customer-friendly First Direct did poorly, scoring only 49%.

So where did they go wrong?

Only 28 of the 180 advisers gave a full, correct explanation of the rules on how much you can transfer. You can hold only one “active” cash Isa account each tax year, but you can move as much money as you want from Isa subscriptions from previous years.

Several advisers, including the one from RBS – but also advisers from Lloyds TSB, Natwest and Yorkshire bank – wrongly suggested that the Which? callers should withdraw money from their cash Isa to transfer it.

In more than a third of calls, advisers were not aware that you could transfer from a cash Isa to a stocks and shares Isa. However, this has been possible since 2008.

Responding to the findings, RBS said it had just completed staff retraining and communications to make sure its staff have “the most up-to date information”. HSBC/First Direct said its performance was “not acceptable” and that it was now improving staff training. Yorkshire bank said it would take action “should any gaps in training be identified”.

For those savers who do have money to transfer from previous Isa subscriptions, the options of where to move your money have shrunk dramatically this year. According to moneyfacts.co.uk, just three of the top 10 variable cash Isas accept transfers in, compared with five this time last year and nine in February 2011.

“Savers with the largest pots are being turned away, leaving them with the same provider as last year, in an account that could be paying peanuts because the bonus has expired, or with a new account that is not a best buy,” said Sylvia Waycot, editor at moneyfacts.co.uk.

The top accounts that accept transfers in are currently from the Cheshire building society and Santander, both paying 2.5%. In both cases the rate includes a 2% bonus that expires next year.

The next best rate is from the Harpenden building society at 2.25%.

Lee has ‘case to answer’ – WPBSA

Category : Business, World News

Stephen Lee has a “case to answer” over match-fixing allegations according to governing body WPBSA.

See more here: Lee has ‘case to answer’ – WPBSA

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The McCann Law Group LLP, DBA Consumer Attorney Services Ohio Lawyers Recognized as the Best Attorneys in the Area of Foreclosure Defense

Category : Stocks

JACKSONVILLE, FL–(Marketwire – Jan 24, 2013) – Homeowners in danger of losing their homes to foreclosure are often advised to seek legal consul. More often than not, these desperate individuals turn to their local Yellow Pages or the Internet, pick a Foreclosure Defense attorney at random, and hope for the best. Given this, a recent poll asked homeowners who beat foreclosure which attorneys they would turn to if once again faced with the prospect of losing their home. The answer given by the majority of participants was Consumer Attorney Services (CAS) and its network of Ohio based lawyers.

View original post here: The McCann Law Group LLP, DBA Consumer Attorney Services Ohio Lawyers Recognized as the Best Attorneys in the Area of Foreclosure Defense

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White House press corps reveals its Beltway worst in questions to Obama

Category : Business

Reporters fail to distinguish themselves by skipping guns and focusing on the fiscal cliff – but president fares little better

One of the first rules of being a journalist (we’ve just now looked them up) is: you don’t have to ask the questions the person talking wants to answer. You can ask anything. And the White House press corps proved it on Wednesday.

After announcing a new panel on gun control to be headed by vice-president Joe Biden, the president, weariness writ on his face, the pain of Newtown still heavy in his voice, offered to take questions.

The first question was about … the fiscal cliff. So was the second one. So was the third one.

The press exercised its freedom. It was not an impressive display.

Given an opportunity to speak for a nation aching to hear that something real is being done about guns, the White House corps reverted to its Beltway worst, bypassing a needed conversation to stroke a personal fixation.

Perhaps worse, the president took them up on it, delivering long-winded, rambling, repetitive answers that were alarmingly reminiscent of a stump speech.

The fiscal cliff is important. It was appropriate for the president to take a question about it. And he did get one good punch in, accusing Republicans of being so caught up in defeating him personally that they had lost sight of the public good. That line should play well in the evening newscasts.

But to watch the exchange play out at the top of what most everyone else hoped would be a conversation on gun control was discouraging. The implication was that perhaps it is impossible after all for the USA to discuss the matter. You know what we can talk about? Congressional gridlock.

The gun control questions did eventually come. Then, at the end, ABC News’ Jake Tapper nailed it, pointing out that the president hasn’t done much on guns in the last four years and asking, “Where have you been?”

Obama showed his frustration. He said he was dealing with the worst economic crisis since the great depression, two wars and a bunch of other stuff. “I haven’t been on vacation,” he said.

The news conference mercifully ended there. Where the conversation goes remains to be seen.

Cable attacks company ‘tax abuse’

Category : World News

Business Secretary Vince Cable attacks corporate tax “abuse” by big corporations, but says international action is the answer.

The rest is here: Cable attacks company ‘tax abuse’

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The tribal grunts of left and right will not rescue us | Simon Jenkins

Category : Business

From the gulf between rich and poor, to welfare reform, old arguments are failing to find answers for a world in flux

Politics has never been so fascinating. It drips from the ceiling. It oozes up through the floor. It reeks across the internet. Reading politics, being informed about it, participating in it, should be the compulsory national service of the 21st-century state. Yet never can the toolkit of political debate have been so empty and the task of understanding the world so titanic.

America has just undergone a monumental exercise in democracy. But

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