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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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Dark web drug site hit by hacker

Category : World News

A mysterious hacking attack knocked notorious ‘underground’ website famed for illegal activity offline for two days.

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Investors send Tesla shares surging to new high

Category : Stocks

Shares of Tesla hit a new 52-week high, just days before the electric car maker reports earnings.

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Pack More Fun Into Snack Time

Category : World News

MISSION, KS–(Marketwired – Apr 18, 2013) – (Family Features) When the days get longer and kids’ activities heat up, it can be challenging to keep on the go snacks nutritious and fun. Why not kick up the flavor and fun factor with some delightful, new twists on snack ideas?

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Is the Bank of Japan done?

Category : Business, Stocks

Bank of Japan Governor Haruhiko Kuroda has gone on a diplomatic offensive in recent days to reassure trading partners that Japan is not engaged in currency warfare.

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Privatisation: the good, the bad, and the ugly

Category : Business

Privatisation has been an area of contention since Thatcher, and its impact on many UK communities is still being felt today

The good

Although many of the now-privatised companies are part or fully owned by foreign companies, they have proved to be lucrative investments and were once the means by which Margaret Thatcher aimed to create a nation of shareholders.

In 1986, when British Gas was floated on the stock exchange, shares cost 135p each, or 334p in today’s terms. Since then, British Gas has undergone several organisational changes and the resulting organisation, BG Group plc, is worth £11.09 a share. A £100 investment in 1986 would have gone up by £821.

Some privatisations have brought improvements for consumers. According to the water and sewerage regulator Ofwat, since the privatisation of the 10 state-owned regional water authorities in 1989, the number of customers at risk of low water pressure has fallen by 99%.

Those critical of state-run services often cite the six-month wait for the installation of a new BT line that customers allegedly suffered before telecommunications were privatised. New BT lines are today installed within 15 days, according to BT’s website.

The bad

Many would say the standout failure of privatisation was that of British Rail. While the actual process did not take place until after Thatcher had left office, she was known to be discussing it with the then Department of Transport months before her resignation. At the 1990 Tory party conference, a month before she left office, her then transport secretary, Cecil Parkinson, said: “The question now is not about whether we should privatise it [British Rail], but how and when.”

Since the privatisation the amount of government subsidies to the rail industry has risen higher than it was in its state-run days. A yearly average of just over £1bn in the late 1980s rose to a high of more than £6bn in 2006-2007, according to a public spending report from the House of Commons.

In 2011, the then Conservative transport secretary, Philip Hammond, alluded to the sharp rise in ticket prices since privatisation when he described train travel in the UK as “a rich man’s toy”. Five years earlier, economists at UBS bank said train travel in the UK was the most expensive in the world.

… and the ugly

For opponents of privatisation, the most damaging legacy has been job losses. In the decade after the miners’ strike of 1985, more than 200,000 jobs were lost as a result of coal privatisation, as well as creating the largest British industrial conflict of modern times.

Since privatisation, more than 100,000 jobs have been lost at BT, while the restructuring of Imperial Chemical Industries (ICI) – the result of an industry being left increasingly to its own devices by the government – led to the loss of 15,000 jobs in Teesside.

The government’s laissez-faire approach to the changes, and the resultant sudden, mass unemployment led to the transformation of what was once a region booming from steel industry to one of the most impoverished in the country. By the time it was privatised in 1988, British Steel had shed 20,000 jobs.

Supporters of privatisation would reflect upon it as a move that was necessary in order to adapt to increasing international competition, yet its impact on many communities within the UK is still felt today.

Simple Steps for Smart Spending

Category : Stocks, World News

MISSION, KS–(Marketwired – Apr 4, 2013) – (Family Features) These days, people are thinking more about how to make smarter decisions with their spending. In fact, simple spending cut-backs can mean a huge difference to your family’s bank account. Get back to the basics of what you really need, and you’ll eliminate unnecessary spending and stress, while keeping more cash in your pocket.

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Red Hawk Casino Paid Out More Than $400,000 in Jackpots in Just Days

Category : World News

PLACERVILLE, CA–(Marketwire – Mar 4, 2013) – Red Hawk Casino, home to some of the luckiest and loosest slots, awarded more than $400,000 in slot jackpots in just days. Just a few of the California winners are highlighted below.

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Heather McGregor: ‘Working from home is the future’

Category : Business

Trust is essential to any business, and it’s a lot easier to earn it face to face, in the office. Nevertheless, lots of people want to work from home, and flexibility is important

Technology has made the world a smaller place. We are all better connected – schoolgirls in Pakistan can study courses in artificial intelligence taught by Ivy League professors thousands of miles away. And it has become ever easier to combine work and home. So why is a CEO such as Marissa Mayer summoning Yahoo staff back into the

VIDEO: Has the games console had its day?

Category : World News

With the rise of smart phones and tablet computers, are the days of the games console coming to an end?

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Petrol industry ‘in need of review’

Category : Business

Petrol retailers call for a “full review” of both wholesale and retail markets, as petrol prices are expected to rise sharply in the coming days.

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