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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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Cancel the Apocalypse: The New Path to Prosperity by Andrew Simms – review

Category : Business

A radical solution to the west’s damaging obsession with economic growth has depressing implications

With its cover illustration of a giant thumb raised approvingly over an image of the sun – and upbeat, call-to-arms title – Andrew Simms’s book seems to exude confidence in our ability to overcome extreme adversity. Perhaps best known as the author of Tescopoly, a withering attack on the supermarket chain, Simms believes long-cherished economic principles are to blame for impending environmental ruin and prescribes an overhaul of modern-day lifestyles to stave off cataclysm. But some of his recommendations are so radical that readers may finish this book feeling gloomier about the planet’s prospects than before.

Simms’s main thesis is that the relentless pursuit of economic growth – measured in terms of an increase in a country’s gross domestic product – is environmentally damaging and based on a shibboleth of mainstream, “neoliberal” economists. In a developed economy with a relatively stable population, such as Britain, growth no longer generates improvements in wellbeing and life expectancy, but continues to exert pressure on natural resources and fuels global warming. A few establishment figures have publicly expressed this opinion, including Adair Turner, the chairman of the Financial Services Authority, but for the vast majority such thinking seems pure heresy.

Simms attributes this largely to habit. The history of developed countries is one of economic growth, as living standards have risen and populations bloomed. The systems that have taken root are geared to ensure this growth continues in perpetuity, regardless of the cost. Having denounced the conventional wisdom, and explained the rationale behind it, Simms argues that societies can prosper in other, more sustainable ways. Encouraging people to behave more like “citizens” – a word that has been steadily falling out of use over the past century – and less like “consumers”, he goes on to address the related apocalyptic threats, from our addiction to flying to our dependence on fossil fuels.

This is a sprawling, ambitious book, chock-full of bold ideas about our capacity to lead greener and more fruitful lives. Where the author succeeds is in conveying the magnitude of the problems we face, making it hard to fault his judgment that society is in need of an urgent fix. Simms also has a laudable go at debunking the central tenet of free-market thinkers that human beings are instinctively selfish creatures, arguing this is neither consistent with the findings of scientific research nor to everyone’s ultimate advantage. For evidence of the latter, look to widening income inequality in Britain, set to hit Victorian levels by 2030 if the current trend continues.

Simms is on riskier footing when in manifesto mode, and may provoke a backlash from the mainstream economists he derides. In straightforward, traditional terms, the alternative to growth is stagnation or decline, and economies in these states are often bedevilled by social unrest and political instability. Simms calls for greater focus on the “quality” of economic activity, and a rekindling of community values, but readers may be unconvinced such nebulous measures represent a happy substitute. Similarly, in tackling the “productivity trap” – the drive for increased output with fewer workers that is usually offset through economic growth – he talks up health and education, where cutbacks rarely have the desired, gainful effect. Essential as these sectors are, any notion that economies can be more reliant on them may strike some as fanciful.

Nevertheless, crises demand dramatic remedies. Wartime rationing is used as an example of how society previously rose to what may have initially seemed an insurmountable challenge. Could a similar policy combat overconsumption today? Simms makes an often compelling case for its introduction, but that is unlikely to make it much more palatable.

Global Clean Energy, Inc. (GCEI: OTC Link) | GLOBAL CLEAN ENERGY, INC. APPOINTS CHIEF DEVELOPMENT OFFICER TO MANAGEMENT TEAM

Category : World News

HOUSTON, TX–(Marketwire – Jan 28, 2013) – Global Clean Energy, Inc. (GCEI) (the “Company”), an alternative biofuels company focusing on waste-to-energy conversion solutions, is pleased to announce the addition of Steven R. Mann as the Company’s Chief Development Officer.

The addition of Mr. Mann to the Company comes as a direct result of the recently announced joint venture agreement between Global Clean Energy, Inc. and MicroEnergies, LLC. The appointment provides for a singular focus at the senior level to manage the various projects under development at both companies with Mann. The move allows for Mann to be responsible for overseeing both present and future alternative fuels projects of GCEI.

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Energy Fuels Announces FY-2012 Annual Results

Category : Stocks, World News

TORONTO, ONTARIO–(Marketwire – Dec. 21, 2012) – Energy Fuels Inc. (TSX:EFR) (“Energy Fuels” or the “Company”) today reported its financial results for the quarter and year-ended September 30, 2012 (“FY-2012″). The Company’s Audited Annual Consolidated Financial Statements, along with Management’s Discussion and Analysis and Annual Information Form, have been filed on the System for Electronic Document Analysis and Retrieval and may be viewed at www.sedar.com. Unless noted otherwise, all dollar amounts are in US dollars.

Originally posted here: Energy Fuels Announces FY-2012 Annual Results

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China VP Xi’s Abscence from Public Fuels Speculation – Bloomberg

Category : Stocks


Bloomberg
China VP Xi's Abscence from Public Fuels Speculation
Bloomberg
Play The Tale of China's Conspicuously Absent VP Chinese Vice President Xi Jinping's absence from public events for more than a week fueled speculation about the health of the leading candidate to succeed President Hu Jintao in a once-in-a-decade
Chinese Vice President Fails to Greet Visiting Dignitary for 3rd Time in WeekVoice of America (blog)
Communist Leader's Absence Sets Off Rumor Mills in ChinaNew York Times
Absence of Chinese leader Xi Jinping fuels speculation about transitionWashington Post
Reuters UK
all 461 news articles

Qantas posts $256m annual loss

Category : Business

Qantas posts its first annual loss since 1995, amid high fuels costs and growing losses at its international operations.

More: Qantas posts $256m annual loss

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Denison Mines Announces Closing of Transaction

Category : Stocks, World News

TORONTO, ONTARIO–(Marketwire – June 29, 2012) - Denison Mines Corp. (“Denison”) (TSX:DML)(NYSE MKT:DNN)(NYSE Amex:DNN) is pleased to announce the closing of its previously announced transaction whereby Energy Fuels Inc. (“Energy Fuels”) will acquire all of the shares of the subsidiaries holding Denison’s U.S. mining assets and operations (the “US Mining Division”), as well as all of the inter-company debt between Denison and the US Mining Division (the “Transaction”). The Transaction is being completed pursuant to a plan of arrangement (the “Arrangement”) in accordance with the Business Corporations Act (Ontario) which has been approved by the Ontario Superior Court of Justice. All conditions of closing have now been satisfied by both parties.

Original post: Denison Mines Announces Closing of Transaction

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During his presentation at the Business Roundtable, Boeing (BA) CEO Jim McNerney says the regulatory environment is worse than ever, and U.S. companies face more barriers to growth than at any time in his long career as a businessman….

Category : World News

During his presentation at the Business Roundtable, Boeing (BA) CEO Jim McNerney says the regulatory environment is worse than ever, and U.S. companies face more barriers to growth than at any time in his long career as a businessman. “It’s different today. The attitude is different,” McNerney says. As examples, McNerney cites lengthy holdups at the FDA for approval of medical devices and resistance at the EPA to new energy projects involving fossil fuels. Post your comment!

See original here: During his presentation at the Business Roundtable, Boeing (BA) CEO Jim McNerney says the regulatory environment is worse than ever, and U.S. companies face more barriers to growth than at any time in his long career as a businessman….

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Verimatrix Selected to Secure YOU SCOD18′s New Digital Cable Service

Category : Stocks, World News

VCAS for DVB Fuels Leading Indian Multi System Operator’s Analog-to-Digital Transition With Cardless Security Solution

Here is the original post: Verimatrix Selected to Secure YOU SCOD18′s New Digital Cable Service

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Judge Issues Ruling in Case Challenging Issuance of Radioactive Materials License for Pinon Ridge Mill

Category : World News

TORONTO, ONTARIO–(Marketwire – June 13, 2012) - Energy Fuels Inc. (TSX:EFR) (“Energy Fuelsor the “Company”) announced today that Denver District Court Judge John N. McMullen ruled in favor of the Colorado Department of Public Health and Environment (“CDPHE”) and Energy Fuels, Inc. (“Energy Fuels”) on the ten substantive environmental, health, and safety claims in a case challenging CDPHE’s issuance of a radioactive materials license for the Piñon Ridge project to Energy Fuels. The Judge did rule partially in favor of Plaintiffs on one claim, ordering a time-limited administrative hearing on the issuance of the License.

Originally posted here: Judge Issues Ruling in Case Challenging Issuance of Radioactive Materials License for Pinon Ridge Mill

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Euro falls on fresh Greece fears

Category : Business

The euro hits a fresh four-month low against the dollar as political uncertainty in Greece fuels speculation it could leave the single currency.

Originally posted here: Euro falls on fresh Greece fears

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