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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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Independent traders form guild in East End of London

Category : Business

Two hundred founding members join forces to resist threat of rising rents and competition from big companies

With a rousing traditional fanfare of trumpets, the butcher, the baker, the bucket seller and the paper bag supplier of London will unite on Monday with scores of other small independent traders in a new guild, dedicated to fighting their corner against the killer combination of rising rents and rates, competition from multiples, and the state of the economy.

“The definition of a small independent is generally below 250 employees, but we’re way below that. Most of ours are below 10 people and many are one-man operations, but they’re what gives colour, light and character to our streets. When they’re gone, they’re gone,” organiser Krissie Nicolson said.

The traders – whose logo boasts: “We are the beating heart of the East End” – will meet in Christ Church, Spitalfields, the Hawksmoor-designed church whose soaring spire is visible from many of their premises.

The 200 founding members of the East End Trades Guild are all in the capital but Nicolson believes the model – inspired by medieval predecessors in which traders banded together not only for combined muscle, but also for social meetings and training – could work in many other places where small independent businesses feel under severe threat and high streets are being abandoned to charity shops and multiples.

It was the success of Paul Gardner – the fourth generation of his family to run Gardners Market Sundriesmen, supplier of paper bags to many of the new members of the guild – in fighting a threatened rent increase, which inspired his fellow traders.

Gardners in Commercial Street claims to be the oldest family business in Spitalfields, and one of the most thoroughly old-fashioned, with stock stacked up to the ceiling: price tags are displayed for all the brands of apples once sold in the long-vanished fruit and veg market. Recently it looked as if it would inevitably close, like so many former neighbours, faced with a rent increase from £15,000 to £25,000.

With advice obtained after publicity from the award-winning Spitalfields Life blog, that was renegotiated as a staged increase. The Gardners shop bell continues to ring, and the guild intends to run rent review workshops for its members.

In Spitalfields, the trendiness of the narrow streets has been a mixed blessing for the traders. It has brought in customers, and encouraged independents like Franceskka Abimbola, a textile trader who sells “wax” cloth, brilliantly patterned prints for African traditional dresses, or Labour and Wait, suppliers of traditional household goods including enamel basins and galvanised buckets. But it has also brought chain stores, bars, cafes and restaurants pouring in, and encouraged landlords’ agents to look for rent increases of up to 60%, according to Nicolson, who has a master’s degree in community organisation.

“Anecdotally, we believe even many of the multiples can’t support these costs. We can see the result in empty units, but landlords prefer to leave them empty, in the hope of lucrative new tenants, than keep traditional businesses going,” she said. “It’s been a long struggle, but maybe now the tide is turning. We hope other areas will look at what we’re doing, and believe that for small independents, decline and closure is not an inexorable process.”

Syria: Drinking water pipeline damaged in Aleppo – Newsday

Category : Stocks


Newsday
Syria: Drinking water pipeline damaged in Aleppo
Newsday
Syria: Drinking water pipeline damaged in Aleppo BEIRUT – (AP) — A major water pipeline in Syria's largest city was damaged during intense fighting Saturday, leaving several Aleppo neighborhoods without drinking water. President Bashar Assad's regime

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How AirBNB helps users save their homes

Category : Stocks

Fighting foreclosure, one room rental at a time.

Continued here: How AirBNB helps users save their homes

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Violent clashes spread in India’s Assam

Category : World News

Fighting between Bodo tribespeople and Muslim settlers in northeastern Assam state have killed at least 36 people.

Original post: Violent clashes spread in India’s Assam

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Four Killed in Firefighting Tanker Crash – Wall Street Journal

Category : Stocks


Wall Street Journal
Four Killed in Firefighting Tanker Crash
Wall Street Journal
By MARK PETERS Four members of a North Carolina Air National Guard unit died when a military plane crashed over the weekend while fighting a wildfire in South Dakota, officials said Tuesday. This photo courtesy of the US Air Force shows a C-130 plane
Military identifies 4 killed in crash of firefighting planeLos Angeles Times
Four dead, two hurt in US tanker crash while fighting wildfireReuters
Military: 4 Crewmen Dead In C-130 Air Tanker CrashNPR

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Barack Obama: US job figures reflect eurozone crisis – video

Category : Business

President says jobless numbers released on Friday are sign US is still fighting its way back to full economic health

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Read the original here: Barack Obama: US job figures reflect eurozone crisis – video

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Lifting Myanmar sanctions would be a mistake

Category : World News

On April 1, international election monitors and media outlets reported a remarkable event in Myanmar. Nobel Peace Laureate Aung San Suu Kyi — who spent years under house arrest, and sometimes in prison, fighting for democracy and justice — was elected to Parliament. All week, calls have grown for all economic sanctions and international pressure on the regime to be lifted.
Heeding these calls would be a serious mistake.

Link: Lifting Myanmar sanctions would be a mistake

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Alberta sisters pulled from icy pond in critical condition

Category : World News

Two young sisters are fighting for their lives in an Edmonton hospital after falling into an icy pond on their family’s rural property in central Alberta.

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Mylan ([[MYL]] -2.1%) sues the FDA seeking relief over the 180-day exclusivity granted by the agency to Teva Pharmaceuticals ([[TEVA]] +0.4%) over its generic Provigil. Attorneys repping the firm filed the suit at double-speed with the launch of the…

Category : Stocks, World News

Mylan (MYL -2.1%) sues the FDA seeking relief over the 180-day exclusivity granted by the agency to Teva Pharmaceuticals (TEVA +0.4%) over its generic Provigil. Attorneys repping the firm filed the suit at double-speed with the launch of the narcolepsy-fighting drug just crossing the wires less than a week ago. Post your comment!

Read this article: Mylan ([[MYL]] -2.1%) sues the FDA seeking relief over the 180-day exclusivity granted by the agency to Teva Pharmaceuticals ([[TEVA]] +0.4%) over its generic Provigil. Attorneys repping the firm filed the suit at double-speed with the launch of the…

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Assange ‘to run for Australian senate’

Category : World News

Wikileaks says founder, currently fighting extradition from UK to Sweden, plans to stand for Australian upper house.

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