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Chase Bank Limits Cash Withdrawals, Bans International... Before you read this report, remember to sign up to 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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Rich elderly ‘should shun benefits’

Category : Business, World News

Wealthy elderly people who do not need benefit payments to help with fuel bills or free travel should voluntarily give the money back, Iain Duncan Smith says.

Original post: Rich elderly ‘should shun benefits’

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Welfare reforms fair – Duncan Smith

Category : Business, World News

Changes to the UK’s welfare system are fair, Work and Pensions Secretary Iain Duncan Smith insists, as some of the new measures come into effect.

Go here to see the original: Welfare reforms fair – Duncan Smith

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‘Bedroom tax’ rules re-examined

Category : Business

Welfare secretary Iain Duncan Smith instructs his department to “look again” at how the “bedroom tax” will affect disabled people.

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Statement from Minister Duncan Following January 11th Meeting with AFN Chiefs

Category : Stocks

OTTAWA, ONTARIO–(Marketwire – Jan. 11, 2013) - The Honourable John Duncan, Minister of Aboriginal Affairs and Northern Development, issued the following statement today regarding today’s meeting with Assembly of First Nations Chiefs:

See the article here: Statement from Minister Duncan Following January 11th Meeting with AFN Chiefs

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Letters: Lies, damned lies and jobless statistics

Category : Business

Jackie Ashley is only the latest in a series of commentators referring to recent unemployment (and inflation) figures as “the first green shoots of recovery” (Comment, 22 October). I would like to question this. Does anyone have the figures to calculate the true rate of unemployment if those holding part-time jobs who would prefer to work full-time were counted as 50% working and 50% unemployed? Further, there are many people especially from the public sector who have taken early retirement as a better option than threatened redundancy, who thus lose possibly several years of their own and employer contributions to their pension pot. They are not unemployed, but intentionally workless and so outside both benefit and unemployment figures.
Delia Koczwara

• The government claims unemployment is falling, despite minimal economic growth. In fact, the government’s fiddling the unemployment figures, as usual, but by a new method: counting people on “workfare” as employed – as confirmed by Department of Work and Pensions and Office for National Statistics replies to freedom of information requests published on the Informed Consent blog. Workfare makes unemployed people work unpaid for private firms, including Conservative party donors, or else lose their benefits. The government’s own research shows that it doesn’t improve chances of finding paid work.

ONS figures and Chartered Institute of Personnel and Development research

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Iain Duncan Smith complains of anti-government bias at BBC

Category : Business

Minister singles out economics editor Stephanie Flanders, accusing her of ‘peeing all over British industry’

Iain Duncan Smith’s department has made a formal complaint to the BBC claiming its coverage of the government is biased.

The work and pensions secretary singled out the broadcaster’s economics editor, Stephanie Flanders, for the harshest criticism, accusing her of “peeing all over British industry”.

Officials at the BBC defended its record of impartiality and Flanders’ reporting. But Duncan Smith told a Sunday newspaper that the BBC diminishes the role of the government in good news but “dumps” on it when the story is bad.

His department has formally complained to the BBC head of news, Helen Boaden, about the broadcaster’s “carping and moaning”.

The minister appeared particularly angered by coverage this week of the unexpected drop in the unemployment rate to 8%. The jobless total fell by 46,000 in the quarter to June to 2.56 million, with the number of people claiming jobseeker’s allowance last month at 1.59 million, down by 5,900 on June.

He told the Mail on Sunday: “The BBC is locked to the reading of the economy that is run out of Ed Miliband and Ed Balls’ office. They think if only you spend and borrow more money you can create growth everywhere.

“This is the general tenor of everything that comes out of the BBC. They expected the [employment] figures to be flatlining.

“They convinced themselves youth unemployment would continue to rise, but when it fell they were in a complete quandary.

“Stephanie Flanders poured cold water over the whole thing. She said: ‘Of course this is good news, but it could be because we aren’t productive enough.’”

Flanders also wrote in her BBC blog last week about the apparent contradiction between 201,000 more people finding work in the previous three months while output fell 0.7%. Among the possible answers explored by the award-winning journalist were that the Office for National Statistics has been underestimating growth, that a rise in part-time and self-employed workers who would like to work more hours is flattering the jobs figures, and that companies are “hoarding” good staff while they wait for good times to return.

“Why not just sit back, and enjoy the novelty?” added Flanders. “The trouble is that the longer the puzzle continues, the more potentially worrying it becomes, because it becomes less and less likely that simple measurement error explains it.”

Duncan Smith added: “If the unemployment figures had gone up, we would have been on the BBC TV News at Six and Ten and would have got the blame.”

He added: “When the news is good, the BBC view is: ‘Get the government out of the picture quickly, don’t allow them to say anything about it.’

“When the news is bad, [it's]: ‘Let’s all dump on the government.’

“Last month, there was a marginal rise in youth unemployment so they centred on that.

“This time it came down so they cast doubt on the figures. [Flanders] said it could be industry is so bad they have to take on two people where one person could do the job.

“She was peeing all over British industry and the private sector. It was terrible. Our private industry is unbelievably robust compared to much of Europe.”

Commenting on Duncan Smith’s interview, Liam Byrne, the shadow work and pensions secretary, said: “The work and pensions secretary should stop moaning about how this mess is being reported and start doing something about it.”

The BBC said: “BBC News is confident our coverage of this story was impartial, fair and balanced, reflecting a wide range of views. Indeed Mr Duncan Smith expressed his position on several BBC outlets.

“Stephanie interrogated numerous aspects of the figures in her analysis. She echoed questions raised by many experts, including the deputy governor of the Bank of England as well as noting the rise in the number of people in work was good news.”

The DWP said: “The department made a complaint regarding the coverage of the employment figures on the Six O’Clock News and News at 10. The secretary of state has made his views clear in the Mail on Sunday.”

"Nobody rational would look at this (market) and say it isn’t broken," says NYSE ([[NYX]] +1.8%) CEO Duncan Neiderauer on the earnings call, talking about the Knight Capital incident. "Speed is not always better." He says the…

Category : World News

“Nobody rational would look at this (market) and say it isn’t broken,” says NYSE

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Media Advisory/REMINDER: Aboriginal Affairs and Northern Development Canada

Category : World News

SASKATOON, SASKATCHEWAN–(Marketwire – July 7, 2012) - Please be advised that the Honourable John Duncan, Minister of Aboriginal Affairs and Northern Development, and Chief Darcy Bear of Whitecap Dakota First Nation will join community members and dignitaries to celebrate an important step to renew and strengthen their relationship.

Originally posted here: Media Advisory/REMINDER: Aboriginal Affairs and Northern Development Canada

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Sliammon First Nation Ratification Vote Postponed

Category : World News

VANCOUVER, BRITISH COLUMBIA–(Marketwire – June 17, 2012) - The Honourable John Duncan, Minister of Aboriginal Affairs and Northern Development, issued the following statement:

Read more: Sliammon First Nation Ratification Vote Postponed

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Category : Stocks, World News

June 6th, 2012, Vancouver, British Columbia:

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