Featured Posts

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...

Read more

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...

Read more

Cambodia: aftermath of fatal shoe factory collapse... Workers clear rubble following the collapse of a shoe factory in Kampong Speu, Cambodia, on Thursday

Read more

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...

Read more

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...

Read more

Go Green Global Technologies Corp. (GOGR: OTC Link) | Sonical™ Heating Oil Units Installed on School Boilers Substantially Reduce Fuel Costs and Carbon Footprint for New Hampshire Academy

Category : Stocks, World News

OXFORD, CT (January 3, 2013) Go Green Technologies, Corp. (PINKSHEETS:GOGR) announced today that installation of Sonical™ heating oil units to five boilers on the campus of Kimball Union Academy demonstrated an average improvement of fuel efficiency by more than 20%. This means a total annual average reduction of 3,742 gallons of fuel per hour resulting in a savings of $11,154 for the school. In addition, at the current rate, the campus reduces its yearly CO2 emissions by 83,461 pounds.

This past year, Kimball Union Academy burned 23,624 gallons of type 2 (light) fuel in its five campus-wide boiler heating units at an annual cost of roughly $70,400. In addition to the financial expense, a gallon of fuel emits approximately 22.3 pounds of carbon dioxide (or CO2) into the air. The installation of Go Green Technologies Sonical heating oil units on the Kimball Union Academy campus is expected to save the school $55,770 at their current fuel cost rate and eliminate 417,307 pounds of carbon dioxide released into the air, over a five-year period with a return on investment achieved at an average of 10 months.

“Our team is thrilled that we exceeded our projected savings for Kimball Union Academy installation. We remain dedicated to helping our customers achieve substantial savings on fossil fuels while significantly reducing their carbon footprint. Our project with Kimball Union Academy is further confirmation that our technology provides substantial value on a local and global scale”, said Green CEO John D’Alessandro.

About Go Green Global Technologies Corp. < ?xml:namespace prefix = o ns = "urn:schemas-microsoft-com:office:office" />

Go Green Global Technologies Corp. is a U.S. public company. Through its wholly owned subsidiary Go Green Technologies Corp, it has exclusive global distribution rights to the Sonical™ line of proprietary patented devices developed in Italy for both water and fuel. Since its inception the company has focused on developing and marketing innovative technologies that lead to a cleaner and more efficient planet.

Post to Twitter

UK homes failed by heating system

Category : World News

A heating system installed in government low-cost housing has been costing some households four times more than expected, the BBC has learned.

See the original post here: UK homes failed by heating system

Post to Twitter

Coal stocks ride China’s stimulus wave

Category : Business

Coal stocks have been heating up since Friday, when China announced a $156 billion commitment for improving the country’s roads, rails and other infrastructure.

See the rest here: Coal stocks ride China’s stimulus wave

Post to Twitter

B.C., Alberta premiers clash over Gateway pipeline revenue

Category : World News

The fight between the premiers of B.C. and Alberta over how to divide the revenues from Enbridge’s proposed Northern Gateway pipeline is quickly heating — even before the $5.5 billion project has approval to go ahead.

Go here to see the original: B.C., Alberta premiers clash over Gateway pipeline revenue

Post to Twitter

On pensioners, Iain Duncan Smith is right: ‘granny bashing’ is fair

Category : Business

A tussle in cabinet over universal benefits for old people is destined to end badly for David Cameron, whatever the outcome

In British politics there are not many words capable of killing a rational argument stone dead, almost regardless of its merits. But “granny” is usually one of them. Just ask George Osborne, whose budget centrepiece was an unintelligible bit of tinkering with retirement tax thresholds until some bright spark coined the phrase “granny tax”. Within hours it was a full-blown PR disaster, any hope of arguing that an ageing nation might need to rebalance its tax base swept away in an emotional tsunami. The chancellor might as well have been caught personally mugging an old lady. So what to make of the granny-baiting manoeuvres of his cabinet colleague, Iain Duncan Smith?

The welfare secretary has been privately arguing in cabinet that the universal winter heating allowance (an annual £200 currently sent to all households containing someone over 60, rich or poor, rising to £300 for the over-80s) is now an unaffordable luxury. This week his case for restricting it to the poorest half of the retired population spilled into the open: yet far from being accused of heartless granny-bashing, Duncan Smith was cheered on by the Sun, which launched its own campaign in support of him. When the Fleet Street champion of both grannies and wealth-creators adopts the slogan “ditch handouts to the rich”, something odd is afoot.

It helps that Duncan Smith is arguably quite right. As the broadcaster and older people’s tsar Joan Bakewell points out, it seems absurd that she and her millionaire rock star neighbour get taxpayer subsidy for heating their prime Primrose Hill real estate. The fact that so many pensioners, unlike Bakewell, need every penny of help they can get only makes it seem stranger that 100,000 households on incomes of over £100,000 a year should still be merrily banking their “winter warmer” even as the welfare state is cut to the bone. It is hardly rapaciously rightwing to suggest this money could be better spent on those in real fuel poverty.

After all, senior politicians from all parties have been privately questioning for at least three years whether a whole raft of universal pensioner freebies – the heating allowance, free TV licences and bus passes – could really survive an age of austerity. What they didn’t dare do was say so in public, ahead of an election where a startling four in 10 voters were expected to be over the age of 55.

It’s not hard to understand why he did it, but in hindsight it was a fatal mistake for David Cameron to let himself be cornered into a pre-election pledge never to mess with these universal perks. By all accounts, he remains determined not to renege on what he sees as a personal promise. The last thing any Tory leader needs, especially one sliding in the polls, is such a totemic breach of faith with the one demographic still most likely to support him. But the fresh round of spending cuts on which his coalition has now embarked means this argument can’t be ducked forever.

The idea that the recession has pitted young against old – with a generation pushed off the career and property ladder turning resentfully on the baby boomers – is sometimes overdone. A third of pensioners, one recent survey suggested, are actually borrowing money from their children rather than the other way round. But a new wave of austerity risks flushing intergenerational tensions out into the open by forcing ministers to choose between the demands of angry youth and needy old age. And nowhere is that choice more stark than within the welfare budget.

Duncan Smith has been asked to find another £10bn in savings as his contribution to getting the Treasury’s battered deficit-reduction plan back on track: this after an already savage pruning, which saw families uprooted from their homes (in the name of capping housing benefit) and the profoundly sick declared suddenly “fit for work”. His resistance looks uncannily like a recognition that, for all the rhetoric about welfare scroungers, there’s precious little fat left to trim. A crude choice now looms between the virtually untouched budget for pensioners, or redoubling the punishment for those of working age. Neither choice is politically painless any more and for the Sun to come down on the side of youth is a critical straw in the wind.

Yet for a government that once bragged about its readiness to take the tough decisions, there is little sign of enthusiasm for a battle with pensioners. It is a striking reflection on how far Cameron’s authority has faded that a senior cabinet minister and the Sun – backed by Nick Clegg – should be prepared to make common cause on such a sensitive issue for him. But it’s precisely this weakness that may encourage the PM to dig in his heels.

A strong leader can get away with going back on his word occasionally, when changing times justify changing minds: one who has already U-turned once too often, however, will eventually find this bank of goodwill exhausted. This coalition may be running out of road just as it most needs it.

Of course there are legitimate worries about means-testing, which may make it harder for the genuinely needy to claim, as well as pushing up administration costs. But we’re not dealing here with some precious relic of the Beveridge settlement: it’s a relatively recent budget wheeze of Gordon Brown’s, still less than 15 years old. And even if Cameron’s promise rules out a change before the 2015 election, there is clearly a little wriggle room left given that the spending review effectively extends to 2017 – particularly if the change were made as part of a broader, balanced package.

It should not be impossible to draw up a new covenant between young and old, based on a promise to ease older people’s genuine fears over long-term care – not just capping the cost to individuals, but rooting out shoddy and degrading treatment in care homes – and protecting the basic state pension. But a confident government could insist in return that wealthy retirees pay more tax and fork out for their own bus passes, in solidarity with their grandchildren. To coin a phrase, it’s time the generations were all in this together.

Twitter: @gabyhinsliff

Overheating Flap Can’t Cool Love for New iPad

Category : Business

The following commentary comes from an independent investor or market observer as part of TheStreet’s guest contributor program, which is separate from the company’s news coverage.

NEW YORK (Trefis) — Concerns about the Apple’s iPad heating up to alarming levels seem to have little impact on the tablet’s consumer satisfaction ratings, implying that the heating issues are probably a rare occurrence.

A market survey by ChangeWave Research revealed that the new iPad’s users seemed more satisfied with the tablet than those using its predecessors. About 82% of the new iPad users said they were “very satisfied” with the new tablet as opposed to about 74% that had said so about the earlier iPads. Moreover, only 6% of the respondents cited the heating issues to be one of the things they disliked about the iPad.

Click to view a price quote on AAPL.

Click to research the Computer Hardware industry.

See more here: Overheating Flap Can’t Cool Love for New iPad

Post to Twitter

Wolseley reports growing profits

Category : Business

Building and heating materials group Wolseley reports half-year profits of £250m, a 28% increase.

See the original post: Wolseley reports growing profits

Post to Twitter

The virtualization software market’s war of words is heating up once again, as Microsoft, Red Hat, Citrix, and Oracle take aim (I, II) at top dog VMware ([[VMW]], [[EMC]]). Adding to the tension are VMware’s efforts to promote its vSphere platform…

Category : Stocks

The virtualization software market’s war of words is heating up once again, as Microsoft, Red Hat, Citrix, and Oracle take aim (I, II) at top dog VMware (VMW, EMC). Adding to the tension are VMware’s efforts to promote its vSphere platform for database virtualization, and thereby challenge database market leader Oracle’s attempts to sell an integrated solution. Post your comment!

Read more: The virtualization software market’s war of words is heating up once again, as Microsoft, Red Hat, Citrix, and Oracle take aim (I, II) at top dog VMware ([[VMW]], [[EMC]]). Adding to the tension are VMware’s efforts to promote its vSphere platform…

Post to Twitter

Heating oil scams investigated

Category : Business

Heating oil customers are being warned to be careful about ordering through scam websites.

More here: Heating oil scams investigated

Post to Twitter

VIDEO: Your Money: Can you avoid mortgage hikes?

Category : Business, World News

In this week’s Your Money, Declan Curry looks at increasing interest mortgage bills, scam websites targeting heating oil customers, and how to keep credit card fraudsters at bay.

Original post: VIDEO: Your Money: Can you avoid mortgage hikes?

Post to Twitter