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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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Police: Brazil nightclub fire kills at least 233 – NBCNews.com

Category : Stocks


South African Broadcasting Corporation
Police: Brazil nightclub fire kills at least 233
NBCNews.com
A fire broke out early Sunday morning at a night club in Santa Maria, in southern Brazil, killing revelers — many of them students. NBC's Mike Taibbi reports. By Jeff Black, Staff Writer, NBC News. Updated at 1:23 a.m. ET: At least 233 people were killed after a
With some exits locked, Brazil club fire kills 233Boston Globe
Brazil nightclub says it had right permits, offers condolence to victims of fireCNN (blog)
Fire survivors recall deadly chaos in Brazil clubLos Angeles Times
BBC News

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Argentina wins delay over debt

Category : World News

Argentina, which is locked in a court battle in New York over its debt, receives more time to argue against paying investors over its defaulted debt.

Excerpt from: Argentina wins delay over debt

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SAS in talks to avoid bankruptcy

Category : Business, World News

The troubled Scandanavian airline SAS has been locked in overnight talks with trade unions, in an effort to broker an agreement to survive.

Read this article: SAS in talks to avoid bankruptcy

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Diplomats’ Bodies Return to US, and Libyan Guards Recount Deadly Riot – New York Times

Category : Stocks


New York Times
Diplomats' Bodies Return to US, and Libyan Guards Recount Deadly Riot
New York Times
WASHINGTON — As four flag-draped coffins bearing the bodies of the Americans killed in Libya arrived in the United States on Friday, new details emerged of Ambassador J. Christopher Stevens's final hours, alone, locked in a smoke-filled room in a
Obama mourns US victims of Libya protestSan Francisco Luxury News
Libyan attack victims honoredSTLtoday.com
After the Protests: Libya, Egypt, and the USDiplomatic Courier
Reuters

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Walmart suspends seafood supplier over working ‘violations’

Category : Business

Retail giant suspends CJ’s Seafood in Louisiana as activists protest against working conditions in other Walmart suppliers

Walmart has suspended a seafood supplier following complaints from workers at the plant that they were forced to work 24 hours at a time and had threats of violence directed at their families.

In a statement, Walmart said a preliminary investigation uncovered “violations” at CJ’s Seafood in Louisiana, where eight Mexican employees had complained of being mistreated by their bosses.

It follows an independent report which described conditions at Louisiana food processing plant as “rivalling any sweatshop in China or Bangladesh”. It also comes as activists in New York were due to stage a 24-hour fast to protest against unsatisfactory labour conditions at some Walmart suppliers.

On Friday, the National Guestworker Alliance cited 12 other factories in the Walmart supply chain for allegedly violating working conditions.

Over the weekend, members of the pressure group are to join striking employees of CJ’s Seafood at a 24-hour fast outside the Manhattan apartment of Walmart board member Michelle Burns.

The workers say they were locked inside the crawfish processing plant during periods of peak demand for sometimes 24 hours at a time. Their families in Mexico were threatened, according to one worker, while they were warned they faced deportation if they did not acquiesce to their employer’s demands.

Ana Diaz, who had travelled from her home in north-east Mexico to work at the Louisiana seafood plant, told the Guardian earlier this month: “On two occasions they locked the doors so we couldn’t take breaks because they wanted us to produce the crawfish in a shorter time.”

One supervisor told her that if workers took breaks, he would lose a lot of money.

“We were afraid because he knows where many of us live. He knows where our family members live; he has our addresses and information. That’s when we felt the most locked in and the most abused,” Diaz said.

CJ’s Seafood did not respond to requests for comment.

Diaz is one of eight employees currently striking over conditions at CJ’s.

The group, with the support of National Guestworker Alliance, has lodged a complaint with the wage and hour division of the US department of labour, claiming that the company violated the fair labour standards act by failing to pay overtime and failed to keep accurate records as required by the act and by employers of workers on H2-B visas.

Separately, the workers have filed a charge of discrimination with the equal employment opportunity commission – the first step in the process of bringing a discrimination lawsuit against an employer.

The complaint alleges that the eight were discriminated against on the basis of race, colour, national origin and retaliation, stating that Latino workers “are forced to work longer and less desirable hours” than other people of colour, and alleging that the workers were not paid “according to the terms of their contract”.

Walmart said it acted as soon as it heard of the allegations against its suppliers.

Lorenzo Lopez, a spokesman for the retail giant, said officials were on site within a week to conduct a preliminary investigation.

“While we were unable to complete a full investigation at that time, we did uncover violations of some supplier standards.”

Lopez added: “We have suspended CJ’s Seafood as a supplier, pending the outcome of the investigation.”

But Walmart’s actions do not go far enough, according to Stephen Boykewich of the National Guestworkers Alliance.

“We do not need another investigation by Walmart. They need to end the contract with CJ’s and meet with its workers,” he said.

18th-century murder mystery still delivers

Category : World News

Anthony West has called “Dream of the Red Chamber,” a Chinese novel written in the 18th century, “beyond question one of the great novels of all literature,” and many eminent scholars and critics have agreed with him. That being the case, one feels one really should read it. Many will hesitate, though, before committing themselves to David Hawkes’ five-volume translation — as excellent as that translation is reputed to be. They might turn instead to Chi-Chen Wang’s much shorter abridged version, and, as Arthur Waley has written, “in Wang’s hands [they] will be perfectly safe.” If, however, even a safely abridged version of a novel that is, after all, from a very different time and place seems daunting, there is now another port of entry: Taku Ashibe’s “Murder in the Red Chamber.”
Ashibe, a prize-winning novelist and screen-writer, has given us a book that features the characters, world, and even some of the events of “Dream of the Red Chamber,” but manages to deploy them in the service of what might be called not a locked-room, but a locked-compound mystery, since the murder alluded to in the title—there’s more than one—takes place in the adjoining compounds of two branches of a successful, but declining, aristocratic family. The Qing Dynasty culture in which the book is set will be new to many readers, but they will find their passage into its fascinating foreignness eased by their familiarity with the genre conventions Ashibe employs.

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Can America Become the Next Greece?

Category : Business, Stocks

By John Carney, Senior Editor, CNBC.com

NEW YORK (CNBC) –
When conservatives worry about the size of the federal government’s budget deficits and the national debt, liberals tend to point out that “America is not Greece.”

This is certainly true. The U.S. economy is far healthier than the economy of Greece. We aren’t locked into a currency union that deprives us of monetary flexibility. Our government can never run out of money to service its debt because the debt is denominated in currency the government creates.

More here: Can America Become the Next Greece?

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Michael

Category : Entertainment, World News

Michael (Michael Fuith), a seemingly meek insurance agent, has a secret: he’s holding 10-year-old Wolfgang (David Rauchenberger) captive in a locked room in his basement. Chronicling a five month period, director Markus Schleinzer reveals a tense…

See the rest here: Michael

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Electro-Motive plant shut by U.S. owner

Category : World News

The company that owns the locked-out Electro-Motive plant in London, Ont., has decided to close the plant permanently.

See more here: Electro-Motive plant shut by U.S. owner

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