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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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Strike affects Bus Eireann services

Category : Business

Bus Eireann says the “vast majority of its services” are not operating due to industrial action, including some cross-border services.

Read more here: Strike affects Bus Eireann services

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Key senators agree on sweeping immigration reform – CBS News

Category : Stocks


CBS News
Key senators agree on sweeping immigration reform
CBS News
WASHINGTON A bipartisan group of leading senators has reached agreement on the principles of sweeping legislation to rewrite the nation's immigration laws. The deal, which was to be announced at a news conference Monday afternoon, covers border
Bipartisan group of 8 senators reach deal on immigration changesFox News
Senators Offer a New Blueprint for ImmigrationNew York Times
Bipartisan group of senators to unveil framework for immigration overhaulWashington Post
Los Angeles Times

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Statement by the CBSA Concerning a Service Disruption at Several Ports of Entry

Category : Stocks, World News

OTTAWA, ONTARIO–(Marketwire – Dec. 11, 2012) - At this time the following ports of entry are experiencing a service disruption and border users may encounter delays.

Read more: Statement by the CBSA Concerning a Service Disruption at Several Ports of Entry

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BMO’s Annual "Cyber Monday" Report: Canadian Businesses Prepare for Online Shopping Rush

Category : World News

- Forty-four per cent of Canadians plan to shop online on Cyber Monday; 50 per cent plan to shop online during the holiday season

- Shopping malls still top destination for Canadian holiday shoppers

- Number of Canadians who plan to cross border shop in the U.S. down from 2011

Continued here: BMO’s Annual "Cyber Monday" Report: Canadian Businesses Prepare for Online Shopping Rush

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Benin’s disabled smugglers

Category : Business

Wheelchair users living in poverty use adapted vehicles to cross the border loaded with cheap Nigerian fuel

A childhood polio survivor, Isaac chose one of the few careers available to wheelchair users in Benin: smuggling.

When night falls, a host of ingenious home-made vehicles emerge on the sandy roads that connect this little lick of land with its giant oil-producing neighbour, Nigeria. From rusting trays on wheels to wagons cobbled together from spare parts, each is designed to lug as much fuel as possible.

Among the improbable vehicles are modified scooters designed to be driven by disabled people – and hide four 50-litre jerrycans at the same time. They provide a financial lifeline for thousands in a country where disabled people face social exclusion as well as one of the world’s highest rates of poverty.

“Because of our handicapped condition, the border agencies don’t bother us. Nobody asks us any questions, and we can cross the borders easily,” said Isaac one recent evening as a friend helped him on to his Vespa near the frontier.

Tiny west African neighbours Benin and Togo have long been havens for smugglers, who slip easily through poorly policed frontiers and shorelines. Cocoa, frozen poultry and second-hand clothes are the main trafficked goods, border agencies say. But the trail is dominated by a network of illicit fuel traders. They fill up on cheap, subsidised Nigerian fuel before returning to sell it at a rate that undercuts official prices in Benin’s filling stations.

“So many do it that recently the customs officers have started asking even [disabled people] for a cut of our profits,” Isaac said as an uninterested border guard waved him through the first checkpoint.

Smuggling is rife across Africa, a continent of porous borders and import tariffs that are punitive for anyone trying to do things by the proper channels. In the Congo basin, many disabled people, who are exempt from ferry fares, smuggle goods across the waters dividing the nations’ riverine capitals.

Most nights of the week, Isaac will make a two-hour round trip to a Nigerian border town, jostle his way to the front of large crowds at fuel stations and return with enough fuel to fill up four 4x4s. Three nightly trips brings in around $75 profit.

Periodic measures to tighten Benin’s borders would have little impact as long as Nigerian gasoline remained cheaper, said Claude Allagbe, director of Benin’s trade and commerce department. In Nigeria, Africa’s largest oil producer, successive governments have for decades bent to populist demands and kept fuel prices the lowest in the region through heavy subsidies.

Aparliamentary inquiry in April found that Nigeria was subsidising nearly double the amount of fuel it consumed, with much of the excess simply smuggled abroad.

That also encourages big-time players to run far bigger risks. On a clear moonlit night, Isaiah and four other runners loaded a canoe with goods to exchange with a Russian oil tanker moored off the coast. A text message listing the items wanted in exchange for a tonne of fuel included “4 pk heineken, soap, 2 pack malboro cigiret, and a notebook”.

Muddy streets in the neighbourhood, home to fishermen and smugglers, turn off to warehouses where stacks of 250-litre drums give off a permanent stench of gasoline. Burnt walls testify to the dangers of the flimsy stores. The biggest exchanges – including “female companions” – bring in enough tonnes of fuel to supply local stations, Isaiah said.

The elaborate smuggling network is a crucial prop of the economy. “Benin loses 40bn CFA francs [£50m] annually in revenue that could be gained through taxing legally imported fuel. But the reality is we face a conundrum in disbanding smugglers,” Allagbe said. Some of the retailing can be fairly primitive – roadside wooden tables bowing under stacks of jars filled with honey-coloured oil.

“I don’t know why [the authorities] want us to stop doing this. We’re really well organised. Everybody survives off us, even big businesses. If anything, they should be integrating us,” said Rodrigue, the owner of three tabletop “fuel stations” in the interior town of Ouidah.

Yards away from a genuine station, he used a

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Friendly fire likely killed Border Patrol agent, FBI says – Los Angeles Times

Category : Stocks


Daily Mail
Friendly fire likely killed Border Patrol agent, FBI says
Los Angeles Times
BISBEE, Ariz. — There are “strong preliminary indications” that the shooting of two US Border Patrol agents, one of whom died, was a friendly fire incident that occurred as they investigated a report of suspicious activity in rugged terrain south of
Border patrol death: a case of friendly fire?NBCNews.com
FBI: Border Death Likely Friendly FireABC News
FBI: Friendly fire likely in border shootingsKENS 5 TV
Pittsburgh Post Gazette

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Napolitano to visit family of slain Arizona Border Patrol agent – CNN International

Category : Stocks


ABC News
Napolitano to visit family of slain Arizona Border Patrol agent
CNN International
(CNN) — The head of Homeland Security travels to Arizona Friday, a day after Mexican authorities questioned two men in a shooting that killed a US Border Patrol agent and wounded another near the US-Mexican border. The Mexican army handed the two over
Border patrol death: a case of friendly fire?NBCNews.com
Border Patrol Agent Killing: Friendly Fire?ABC News (blog)
Family describes slain border agent in Arizona as a heroReuters
CBS News

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Analysis: Al Qaeda in Yemen suffers another blow as top Saudi member is killed – CNN (blog)

Category : Stocks


IBNLive.com
Analysis: Al Qaeda in Yemen suffers another blow as top Saudi member is killed
CNN (blog)
By Tim Lister and Paul Cruickshank Abu Sufyan Said al-Shihri was prisoner number 327 at the Guantanamo Bay, Cubla, detention center, transported there after being captured as he tried to cross the border into Pakistan from Afghanistan late in 2001.
Qaeda's No2 in Yemen killed in airstrikeThe News International
Al-Qaida's No. 2 in Yemen killed in airstrikeNewsday
Al Qaeda in the Arabian Peninsula's second in command killed, Yemen saysCNN International
Washington Post

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Turkey stops cross-border trade with Syria

Category : World News

Ankara seals border with Syria to commercial traffic, but keeps crossings open for Syrian refugees fleeing conflict.

Visit link: Turkey stops cross-border trade with Syria

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Iraqis flee Syria in droves by land and air – The Associated Press

Category : Stocks


BBC News
Iraqis flee Syria in droves by land and air
The Associated Press
By LARA JAKES, AP – 1 minute ago BAGHDAD (AP) — Thousands of Iraqi nationals have fled by land and air from Syria over the last two days to escape an escalating civil war, officials said Friday, as Iraqi troops were rushed to seal the border across
Iraqis flee Syria as violence reaches capital, troops rush to reinforce borderWashington Post
Explosions, gunfire heard near Syria-Iraq border postReuters
Thousands Fleeing Damascus as Fighting Surges in SyriaNew York Times
BBC News
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