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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...

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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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Firms to get army reservist cash

Category : Business, World News

Small firms are to get cash incentives to release staff for service in the military reserves, says defence secretary Philip Hammond.

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Blackstone to hire 50,000 vets

Category : Business, Stocks

Private equity giant steps up for military veterans.

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Battle of York this Saturday!!!

Category : Stocks, World News

TORONTO, ONTARIO–(Marketwired – April 23, 2013) - April 27th marks the 200th anniversary of the Battle of York. The military and the City of Toronto have partnered to commemorate the battle and planned a number of great events which will be happening this Saturday. There have been several releases on this, posters at TTC shelters and subway stations etc. and another media release will go out later this week from the City of Toronto.

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Minister MacKay Responds to Recommendations on Compensation for Military Judges

Category : Stocks, World News

OTTAWA, ONTARIO–(Marketwire – March 28, 2013) - The Honourable Peter MacKay, Minister of National Defence, today responded to the Military Judges Compensation Committee’s Report on the Military Judges Compensation Committee 2012.

Excerpt from: Minister MacKay Responds to Recommendations on Compensation for Military Judges

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UK search and rescue sell-off hits turbulence

Category : Business

Minister says Bristow will deliver first-class service but critics air doubts about US company’s takeover from RAF and navy

The transfer of the UK’s search and rescue service from the military to a Texas-based helicopter company has been criticised by residents of coastal communities, politicians from all the main parties and rescue experts.

From 2016 Bristow Helicopters, part of the global Bristow Group, will take over the helicopter search and rescue (SAR) service from the RAF and navy.

As part of the £1.6bn 10-year contract, Bristow will operate helicopters from 10 bases around the country with the Department for Transport (DfT) arguing the company’s modern aircraft will be faster and more efficient than the Sea Kings that are currently used.

But though many military pilots and crew-members are expected to sign up for the Bristow service, there are fears that the ethos of a privatised operation is bound to be different to the much-admired one largely run by the RAF and navy for 70 years.

There have also been concerns that the new helicopters would lack the capacity of the Sea Kings. Bristow confirmed yesterday that one of the two types of helicopters it will use will carry fewer casualties.

Another hugely controversial aspect is that Bristow will move operations from military bases such as Culdrose in Cornwall and Valley in Anglesey, where Prince William is based as a SAR pilot, to commercial airports.

Confirmation that two bases – at Portland in Dorset and Boulmer in Northumberland – will be cut has also caused anger. The government has said it needs to privatise SAR because the Sea Kings are reaching the end of their working lives and the military needs to focus on frontline duties.

The transport secretary, Patrick McLoughlin, paid tribute to the RAF and navy. “The service they have provided has been exemplary and the country owes them all an enormous debt of gratitude.” But he said Bristow would be able to deliver a “first-class service” with its “state of the art” helicopters.

The DfT insisted the new service would be better: “There will be an overall improvement in flying times to incidents of around 20% (from 23 to 19 minutes).”

At present, a helicopter can reach about 70% of high-risk areas in the UK search and rescue region within 30 minutes. This would rise to 85% under the new contract. Ten Sikorsky S92s and 10 AgustaWestland AW189s will operate, two per site, at bases around the country. Bristow said 350 new jobs would be created. The contract is also good news for AgustaWestland, which will build half the new fleet in Somerset, and for Newquay airport, where the Cornish service will be based.

Bristow said it would be able to provide a “world-class” service. A spokesman confirmed the AW189s have less room for casualties than the Sea Kings. But Bristow said the new machines were faster.

What will be tested is whether the ethos will change. Mike Margeson, vice-chairman of Mountain Rescue England and Wales and a team leader at Duddon and Furness in the Lake District, said he was “a little cautious and apprehensive” that the service would be as good. “We tremendously value our relationship with the navy and the RAF. We realise the Sea King fleet is ageing and welcome the investment in new aircraft. We just hope we will have the same service.”

Richard Drax, Tory MP for South Dorset and a former army officer, accepted Bristow has an “extremely good reputation” but said it was a shame that military expertise would be lost. Closure of the Portland base, which covers one of the busiest shipping and leisure sailing areas in the world, was a “body blow.”

Bristow Helicopters was founded in the UK by Alan Bristow, a test pilot, war hero and entrepreneur. In 1996 the US company Offshore Logistics bought 50% of the company and later adopted its name.

The Bristow group, headquartered in Houston, provides helicopter services across the world. Since 1971 Bristow Helicopters has run civilian search and rescue services in the UK, mainly on behalf of HM Coastguard. Mike Imlach, Bristow Helicopters managing director, indicated that the company would hire service personnel: “The existing expertise and local SAR knowledge is immensely valuable and we will ensure that this is not lost.”

The Ministry of Defence said personnel who did not wish to leave would be redeployed.

MoD flies 1m euros to Cyprus

Category : Business, World News

The MoD sends 1m euros (£850,000) to Cyprus from Britain as a “contingency measure” to provide military personnel with emergency loans.

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Libor fines to fund forces charities

Category : World News

Three military charities are to share £1.3m from fines imposed on banks that had rigged interest rates, Chancellor George Osborne announces.

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Kerry set to take up Clinton’s crown – Hindustan Times

Category : Stocks

Philadelphia Inquirer
Kerry set to take up Clinton's crown
Hindustan Times
John Kerry is the son of a US diplomat, who grew up among the rubble of Berlin, criss-crossed Europe as a child, fought in Vietnam, has met many world leaders and negotiated tough deals for America. And in just a few days the veteran senator, who has
Kerry: An Outsider Finally Gets InTIME
Military might alone shouldn't define foreign policy, Kerry tells panelThe Seattle Times
For Kerry nomination, a procedural hiccupWashington Post (blog)
Boston Globe

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New Report on Military Human Enhancements Tackles Ethical Dilemmas

Category : Stocks, World News

Questions Loom for Bioethics, Laws of War, Military Operations, and Broader Society

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Minister MacKay Presents Honorary Degree to General Wardak at Halifax International Security Forum

Category : Stocks

HALIFAX, NOVA SCOTIA–(Marketwire – Nov. 17, 2012) - The Honourable Peter MacKay, Minister of National Defence, today presented General Abdul Rahim Wardak, Special Advisor to the President of Afghanistan, with an honorary degree from the Royal Military College of Canada.

Original post: Minister MacKay Presents Honorary Degree to General Wardak at Halifax International Security Forum

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