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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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Can you make a living from your hobby?

Category : Business, World News

Can you make a living from your hobby?

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Living Cell Technologies Ltd. (LVCLY: OTC Link) | Quarterly Report

Category : Stocks, World News

Sun, Apr 28, 2013 07:41 – Living Cell Technologies Ltd. (LVCLY: OTC Link) released their Quarterly Report concerning Appendix 4C. To read the complete report, please visit: https://www.otciq.com/otciq/ajax/showFinancialReportById.pdf?id=103209.

Go here to read the rest: Living Cell Technologies Ltd. (LVCLY: OTC Link) | Quarterly Report

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Grand Campus Living Development Wins Innovator Award

Category : Stocks, World News

DALLAS, TX–(Marketwired – Apr 25, 2013) – On April 11th, 2013 the third annual InterFace Student Housing conference took place at the Hilton Austin in Austin, TX. The 2013 Innovator Awards were distributed to companies who demonstrated excellence and innovation in student housing. Grand Campus Living, a division of Lincoln Property Company, won “Best New Development of a Property with Fewer Than 200 Beds.” Grand Campus Living, alongside development partner Fountains Residential Partners, earned this distinction for their development The Vue in Fort Worth, TX. As the recipient of one of only three awards given for new off-campus housing, Grand Campus Living has established itself as a leader in student living and housing development.

Originally posted here: Grand Campus Living Development Wins Innovator Award

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UK pensioners ‘struggling’ in Cyprus

Category : Business

Some UK pensioners living in Cyprus are struggling financially following a decision to suspend pension payments to bank accounts there.

Continued here: UK pensioners ‘struggling’ in Cyprus

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Concerns raised over cash machines

Category : Business, World News

A lack of free cash machines means some people on low incomes or living in rural areas are unable to access the money they need, a report suggests.

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VIDEO: Yours for hire: A life of luxury

Category : Business, World News

At the 2013 International Boat Show in Dubai many business are selling a dream of luxury living – but the less wealthy now have the opportunity to rent a yacht or supercar for a day.

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We cap benefits but not bonuses. How on earth are we ‘all in this together’? | Giles Fraser

Category : Business

The ‘big society’ has become rhetorical window-dressing for an massive and unprecedented assault on the most vulnerable

We are all in it together. This is the message the government wants to give about austerity. Everyone has to shoulder a part of the load. Each of us must do our bit. We are the “big society”, knitted together by a common project of national togetherness in the face of adversity.

This has become the familiar rhetorical window-dressing of a massive and unprecedented assault upon the most vulnerable people in our society. The big society is a lie. From later on this year, the sum total of a family’s benefit entitlement will be capped at £500 a week.

For those who have larger families and are living in places like London, where rents are ridiculously high and rising steeply, this is not nearly enough to get by. Even without the cap on benefits, ordinary people are being forced out of central London by escalating costs. In Westminster, housing benefit claims have gone down 20% since March 2010, while in places like Barnet and Newham, they went up over 40%, demonstrating clearly how the poor are being squeezed out. Soon London will look like Paris, with rich people living in the centre and poor, often immigrant, communities hidden out of sight beyond the Périphérique.

The consequence of this mass deportation will be that outer London boroughs will not be able to cope and will cook up ways of shunting the vulnerable further afield, cutting people off from their traditional communities and forms of informal support. Inevitably, homelessness, both in the form of rough sleeping and sofa-surfing, is massively on the rise again. According to the government, this benefit cap is absolutely necessary. So too is the cap of 1% on any increases in benefit until 2017-18, which means that benefits will rise well below the rate of inflation. But when it comes to capping bankers’ bonuses, the Tories and their Lib Dem sidekicks have been screaming blue murder.

This week, the EU proposed that bonuses ought to be no more than 100% of bankers’ annual salaries, or 200% if sanctioned by shareholders. Someone earning £1m could thus get an extra £2m if their work is deemed of sufficient value to the firm. But apparently, this is not nearly enough. This cap is unfair, they say. Bonuses should be unlimited. And if these pin-striped übermensch don’t get what they want, they will have a tantrum and stomp off to Singapore. Well, let them go.

We do not want a London set up simply as a playground for the super rich. If immigration is a problem, the problem is that of international jet-setting billionaires forcing up house prices by investing in property portfolios and Docklands penthouses they rarely live in, thus creating mini glass and steel ghost towns, gated off from the real world, and forcing up the overheated market beyond the reach of ordinary people.

How can the government keep on talking about us all being in it together with a straight face? The bankers were substantially responsible for creating this financial mess, yet whenever there is talk of limiting the bonus culture that incentivised all the absurd risk-taking that got us into this trouble, the government steps in to side with the wealthy. No, the opposite of the big society is now the case. London is becoming the tale of two cities – the poor are capped, the rich are protected. From my parish at the Elephant and Castle, we can see the City; but it might as well be a million miles away. These are different worlds where different rules apply. And when a society gets so out of kilter with itself, social disorder is not far round the corner. Remember the riots? I suspect we haven’t seen the last of them.

Twitter: @giles_fraser

George Osborne hasn’t just failed – this is an economic disaster | Seumas Milne

Category : Business

Coalition austerity has delivered depression and a lost decade. Labour has to avoid locking itself into more of the same

It would be comic if the consequences weren’t so grim. There is no economic failure, it turns out, which cannot be hailed by George Osborne as a vindication of the policies that brought it about. Faced with the decision by the credit agency Moody’s to scrap Britain’s AAA rating, the chancellor declared it was yet another reason to stick to austerity – and the “clearest possible warning” to anyone who might think of breaking with it.

No evidence from the real world, it seems, can divert Osborne and David Cameron from their chosen course. The pronouncements of agencies such as Moody’s, which gave the US investment

Lord it like Beckham

Category : Business, World News

Living on a mere £14,000 a night

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VIDEO: Life for Indian workers in the Gulf

Category : Business, World News

The BBC’s Middle East Business Report programme met two of the 1.75 million Indians living in the United Arab Emirates to ask about their lives, and visited their families back home in India to find out how their money is being spent.

See more here: VIDEO: Life for Indian workers in the Gulf

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