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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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US State Dept. welcomes Cuban visa changes – Globe and Mail

Category : Stocks

US State Dept. welcomes Cuban visa changes
Globe and Mail
Cuba says it is getting rid of a decades old rule that requires islanders to apply for an exit permit before leaving the country. The U.S. State Department says it welcomes any changes that will allow the Cuban people to travel more freely. 0 comments

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Ikea faces allegations that it used Cuban prisoners to make its products

Category : Business

Deal to make Ikea furniture in Cuban prisons was hatched using East German trading connections, according to reports

Ikea is facing allegations that it used Cuban prisoners to make its products in the 1980s.

The claims follow allegations this week that East German political prisoners were forced to make furniture for the Swedish retailer from the 1970s.

According to a report in the Frankfurter Allgemeine Zeitung, a deal to make Ikea furniture in Cuban prisons was hatched using East German trading connections.

The agreement was signed in September 1987, according to files held in the Stasi archivesfiles, after a delegation of East German business representatives went to Havana for talks with the Cuban Interior Ministry.

Talks were held with several government officials, including Enrique Sanchez, the head of the state company Emiat which was responsible for furnishing the homes of the Cuban political elite. According to the files, the production sites discussed were “incorporated in the Interior Ministry’s prison facilities”.

The contract signed required Cuba to produce 35,000 dining tables, 10,000 children’s tables, and 4,000 three-piece suites.

Ikea reacted to the reports, which emerged following an investigation by Swedish television, by saying it had begun its own inquiry and was keen to see the Stasi files to check for evidence and compare them with the company’s own records.

A spokeswoman said Ikea “condemned the use of political prisoners” in its production “in the strongest possible terms”. She added the company took the claims very seriously, though denied that Ikea knew it had been using prison labour.

The records show the collaboration with Cuba did not initially go very smoothly. In early 1988 the first delivery of three-piece suites was delayed due to poor quality. Changes to the production process led to shipments of the products resuming several months later.

Marxism ‘no longer responds to reality,’ pope says of Cuba – CNN

Category : Stocks


Globe and Mail
Marxism 'no longer responds to reality,' pope says of Cuba
CNN
By Michael Martinez, CNN Pope Benedict XVI is greeted by children and Mexican President Felipe Calderon and his wife, Margarita Zavala. (CNN) — Responding to Pope Benedict XVI's comment that Marxism “no longer responds to reality,” Cuban Foreign
Pope arrives in Mexico, denouncing violenceCBS News
Pope says Cuban Marxism needs change, government steps up pressures on dissidentsMiamiHerald.com
Pope Assails Violence at Start of Mexico TripWall Street Journal
abc11.com

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Unlike many others (I, II), Mark Cuban hopes Yahoo (YHOO) takes Facebook (FB) to the cleaners with its patent suit. His reason? Cuban believes a giant verdict in Yahoo’s favor would make the public aware of "just how horrific our patent law…

Category : World News

Unlike many others (I, II), Mark Cuban hopes Yahoo (YHOO) takes Facebook (FB) to the cleaners with its patent suit. His reason? Cuban believes a giant verdict in Yahoo’s favor would make the public aware of “just how horrific our patent law is.” While believing patent laws can protect innovators at times, he thinks they’re far more likely to be “anti-competitive, corruptive, [and] impede creativity and innovation. (also) 2 comments!

Here is the original post: Unlike many others (I, II), Mark Cuban hopes Yahoo (YHOO) takes Facebook (FB) to the cleaners with its patent suit. His reason? Cuban believes a giant verdict in Yahoo’s favor would make the public aware of "just how horrific our patent law…

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