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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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Pensions ‘may give housing boost’

Category : Business, World News

Local Government pension schemes may be allowed to invest up to £22.5bn extra in homes, roads and other forms of infrastructure, ministers say.

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Rural/Metro Announces Multi-County Arizona Epic-Traumatic Brain Injury Agency Certification

Category : Stocks, World News

Company Forms Rural/Metro Clinical Excellence Project to Support EMS Education

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Online push for benefit claims

Category : World News

Claimants of a new universal benefit will be pushed to complete forms online when the new system starts next year.

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ESSA Bancorp, Inc. Receives Required Approvals to Acquire First Star Bancorp, Inc.

Category : Stocks

STROUDSBURG, PA–(Marketwire – Jul 17, 2012) – ESSA Bancorp, Inc. (NASDAQ: ESSA) announced today that all required regulatory and shareholder approvals have been obtained to complete its acquisition of First Star Bancorp, Inc. (PINKSHEETS: FSSB) and its wholly owned subsidiary, First Star Bank. Election forms will be mailed soon to the stockholders of First Star Bancorp for completion. 

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Network Rail: £27bn is a lot of strain for the train

Category : Business

The national rail network operator owes a huge amount of money. In these hard times, new forms of infrastructure funding must surely be found soon

Public transport has its share of galling numbers, usually annual season ticket increases and bonuses for rail industry executives. But the annual figures from Network Rail, which owns and maintains Britain’s rail infrastructure, were particularly arresting.

Even at a time when we are used to blithely discussing enormous sovereign bailouts, Network Rail’s debt of £27bn is daunting. The company’s finance director says it is “below plan and manageable”. These words will sound familiar to anyone with a passing knowledge of macroeconomic events over the past five years. Network Rail’s debt is guaranteed by the government so that it can lean on the state’s so-far AAA rating, while the farepayer’s £6.5bn annual expenditure on the railways is another important contributor. But neither seem a firm foundation, and the same argument applies to Transport for London, owner of the tube network, which owes £6.4bn.

Regardless of the blithe assurances, this mode of funding cannot be transferred to other forms of infrastructure. George Osborne’s vision indicates that, in terms of deficit financing, Network Rail and TfL are the limit. And alarming figures like Network Rail’s will only encourage scrutiny of infrastructure funding models. The chancellor has earmarked £200bn of investment in transport, power and telecoms projects over the next five years and he wants most of the funding to come from the private sector.

If that cannot be found, more radical ideas have to be entertained. This week it was reported that Osborne is considering tapping up savers with the launch of infrastructure bonds.

Ian Mulheirn, director of the Social Market Foundation, argues that benefits for the better off such as free bus passes and winter fuel payments should be cut and reinvested in infrastructure. He says: “We are screaming out for infrastructure investment, but if we are worried about funding it with extra borrowing, then the answer is to cut middle-class benefits that do nothing for growth.”

Roads also have a problem, according to the RAC Foundation, because revenue from motor taxes will fall by £13bn a year by 2029. This is a gap that must be filled by road user charging or toll roads, says the Foundation. Neither the Foundation’s nor the SMF’s ideas are politically palatable. But based on our current economic trajectory and the waning patience of farepayers, the same goes for Network Rail.

Brian Lee builds a Gumhouse

Category : Business

LegalZoom co-founder forms stealthy new company.

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Clarity urged over green policies

Category : Business

Ministers must send clear signals that they believe in new forms of green technology if they want firms to invest in them, a think tank says.

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The pro-bailout New Deomcracy (23.2%) party has overtaken Syriza (22%) in a new opinion poll in Greece. Election rules give the victorious party a 50-seat bonus in Parliament, so even a tiny victory margin is significant in determining who forms the…

Category : World News

The pro-bailout New Deomcracy (23.2%) party has overtaken Syriza (22%) in a new opinion poll in Greece. Election rules give the victorious party a 50-seat bonus in Parliament, so even a tiny victory margin is significant in determining who forms the next government. Markets are pricing in disaster. What if things continue to muddle along? Post your comment!

Excerpt from: The pro-bailout New Deomcracy (23.2%) party has overtaken Syriza (22%) in a new opinion poll in Greece. Election rules give the victorious party a 50-seat bonus in Parliament, so even a tiny victory margin is significant in determining who forms the…

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First tropical storm of season forms in Atlantic – Boston.com

Category : Stocks


CBC.ca
First tropical storm of season forms in Atlantic
Boston.com
Alberto, the first named storm of the season formed this weekend of the southeast coast. This storm, will give some rain and a bit of wind to portions of South Carolina but is a non-event as tropical systems go. Around our area, fine May weather
Mother Nature Sneaks In An Early Tropical StormPatch.com
Tropical storm Alberto forms off Carolinas' coastWRGB

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Fuel drivers vote against strike

Category : Business

Re-balloted fuel tanker drivers at one company have voted against strikes but in favour of other forms of industrial action.

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