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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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The Last Days of Detroit by Mark Binelli – review

Category : Business

Detroit native Mark Binelli’s account of the decline of the city mixes despair with faint hope

The dramatic decline of Detroit, once America’s fourth largest and most productive city, has been captured of late in several photography books, most notably The Ruins of Detroit by Yves Marchand and Romain Meffre. This pictorial sub-genre – decay rendered formally beautiful – has prompted some critics to lament the rise of “ruin porn”, which is, in some way, to try to ignore the end-of-empire romance of the place in all its ghostly grandeur and emptiness.

“For all the local complaints about ruin porn,” writes Mark Binelli, a former Rolling Stone reporter, “outsiders were not alone in their fascination. Among my friends and acquaintances, Phil staged secret, multi-course gourmet meals… in abandoned buildings… John and his buddies played ice hockey on the frozen floors of decrepit factories… Travis was hired to shoot suburban wedding photographs in the ruins of the old Packard plant.”

Binelli, a native of Detroit, is pretty easy-going about this kind of thing – he even uses one of Marchand and Meffre’s evocative photographs of a once opulent, now crumbling downtown Detroit interior on the cover of his book. Nevertheless, for all his reasonableness, The Last Days of Detroit is a sustained counterblast to the received wisdom that the city is a place devoid of hope and doomed to a terminal, post-industrial decline. It is not the angry book one might have expected from someone who grew up “just outside of Detroit” in the 1980s and has recently moved back there to a spacious apartment in an edgy neighbourhood, more a restrained attempt to come to terms with what has happened to the city he so obviously loves.

How, though, to describe that city today? Back in the 1980s, when Binelli was coming of age, Detroit was the backdrop to two popular films, the dystopian science-fiction fantasy Robocop, and the only slightly more believable Eddie Murphy vehicle Beverly Hills Cop. Now, though, a great swathe of the inner city looks like the setting dreamed up by the late JG Ballard. Detroit’s once ornate theatres, concert halls and civic buildings are derelict and decaying, its open spaces sprout prairie grasses and wild flowers, and its remaining houses are often covered in creepers and climbing shrubs that emerge, triffid-like, from chimneys and broken skylights.

Detroit is broken seemingly beyond repair. Once the uncrowned capital of industrialised America, the fabled Motor City where Henry Ford created the first mass-produced car, its decline is stark and wondrous: some 70,000 abandoned buildings, an alarming crime rate that includes around 1,100 shootings a year, and a dramatically declining population that has fallen from 2 million in the early 1950s to just below 900,000.

Binelli traces the city’s dramatic history, its often tumultuous mix of ultra-capitalist entrepreneurial swagger and deep corruption, the simmering racial tensions that first exploded in 1833 in a riot against slavery, and again in 1967, when around 3,000 buildings burned for several days and 43 people were killed. And, against that, he hymns Detroit’s rich pop cultural history: Tamla Motown, the first and greatest black-owned hit factory; the radical proto-punk of 1960s rockers the MC5; the strange ball of contradictions that is Eminem.

It is a story of extremes, mapped out by a restrained, clear-headed guide who loves the city as much as he is baffled by it. The book is sprawling in parts as befits its subject, and the most enthralling parts are the most journalistic, not least Binelli’s detailed delineation of a double murder that shocks in its grisly details, but that went all but ignored by every other reporter in town.

The murder case seems to sum up something about Detroit, where people often seem too beleaguered by circumstance or worn down by political posturing and attendant corruption to realise how bad things are. But, for all that, there is hope, even amid the rise of the “ruin porn” industry. Artists and bohemians are moving back into the city, attracted by low rents and big spaces – even if there are no shops or amenities for miles. Since moving back there himself, Binelli notes towards the end, “My optimism was proving tenacious. I couldn’t say why.” The book provides a few clues: Detroit will survive, and perhaps thrive, if there is the will, political and social, to make it so.

Chef in boiled body case found guilty – TODAYonline

Category : Stocks


AFP
Chef in boiled body case found guilty
TODAYonline
LOS ANGELES – A Californian chef who told police he boiled his wife's body for four days to hide evidence of her death was yesterday convicted of second-degree murder. David Viens showed no reaction as the verdict was read.
Chef found guilty of murder in boiled body caseCBS News

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Cleve Foster executed for Fort Worth woman’s murder – Fort Worth Star Telegram

Category : Stocks


Fort Worth Star Telegram
Cleve Foster executed for Fort Worth woman's murder
Fort Worth Star Telegram
By Michael Graczyk AP A former Army recruiter failed to win a fourth reprieve from the US Supreme Court and was executed Tuesday evening in Texas for participating in the shooting death of a woman he and a buddy met 10 years ago at a Fort Worth bar.
Ex-Army recruiter executed after three previous staysHuntsville Item
Texas Executes Ex-Army Recruiter After 3 ReprievesABC News
Texas puts to death man who received three stays of executionReuters
Fox News
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UPDATE 3-China closes in on Bo Xilai after jailing ex-police chief – Reuters

Category : Stocks


Globe and Mail
UPDATE 3-China closes in on Bo Xilai after jailing ex-police chief
Reuters
* Jail term of 15 years seen as relatively mild * Analyst sees Bo headed for trial too, others disagree * Scandal has shaken leadership succession preparations By Chris Buckley BEIJING, Sept 24 (Reuters) – China's ruling Communist Party took a big step
Police Chief in Chinese Murder Scandal Convicted and Sentenced to 15 YearsNew York Times
Chinese police chief in scandal gets 15-year sentenceLos Angeles Times
Ex-police chief in China scandal gets 15 years, sets the stage for decision on Washington Post
Businessweek

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South African mining unrest spreads to Gold Fields

Category : Business

World’s fourth biggest gold mine says quarter of its 46,000 workers walked out after violent protest at Lonmin platinum mine

Unrest among South African miners has spread to the world’s fourth biggest gold mine.

Bullion miner Gold Fields said about a quarter of its 46,000 workers have walked out in the first strike to affect South Africa’s gold mining industry since violent protest shut down London-listed Lonmin’s platinum mine nearby three weeks ago.

Gold Fields, which is listed in Johannesburg, said 12,000 miners have been on a “unlawful and unprotected” strike at the KDC mine near Johannesburg since Wednesday.

The KDC mine produced 1.1m troy ounces of gold in the year ending December 2011. Gold Fields’ shares closed down 2.8%.

At Lonmin’s Marikana mine, just 5.7% of miners turned up for work on Friday, a day after South African prosecutors said they were charging 270 miners arrested during the so-called “Marikana massacre” with the murder of their 34 colleagues who were shot dead by police.

The murder charge – and associated charges for the attempted murder of 78 miners injured at the Marikana mine near Johannesburg – was brought under an obscure Roman-Dutch common law previously used by the apartheid government.

The move came as the men appeared in court charged with public violence over the clashes at the Lonmin platinum mine on 16 August when striking miners armed with clubs, machetes and at least one gun allegedly charged police, who opened fire.

Julius Malema, the former African National Congress Youth League leader, who has called for President Jacob Zuma to resign over the “massacre”, told supporters of miners outside the courthouse that the charges were “madness”.

South Africa’s justice minister rebuked prosecutors for the move, saying the decision had caused “shock, panic and confusion” among the general public.

Mines minister Susan Shabangu acknowledged this week that the recent labour violence would impact potential investment into South Africa.

South African miners charged with murder of colleagues shot by police

Category : Business

Murder charges brought against 270 miners under obscure law previously used by apartheid government

The 270 miners arrested during violent strikes in South Africa have been charged with the murder of their 34 colleagues who were shot dead by police.

The murder charge – and associated charges for the attempted murder of 78 miners injured at the Marikana mine near Johannesburg – was brought by the national prosecuting authority under an obscure Roman-Dutch common law previously used by the apartheid government.

The move came as the men appeared in court charged with public violence over the clashes at the Lonmin platinum mine on 16 August when striking miners armed with clubs, machetes and at least one gun allegedly charged police, who opened fire. It suggests President Jacob Zuma’s government is trying to shift the blame for the killings to the striking miners.

The prosecuting authority said all 270 miners had been charged. Less than one in 10 Lonmin miners turned up for work at the mine on Tuesday, the lowest level since workers returned to work following the clashes. Violence has since spread to Lonmin’s other operations.

The firm said 8% of its 28,000 workers showed up as union protests continued.

Lonmin had initially threatened to sack striking workers.

China policemen admit trying to cover-up Heywood murder – court – Reuters

Category : Stocks


BBC News
China policemen admit trying to cover-up Heywood murder – court
Reuters
By John Ruwitch HEFEI China Aug 10 (Reuters) – Four Chinese policemen admitted on Friday to attempting to protect the wife of powerful politician Bo Xilai from suspicion of the murder of a British businessman, an official said, in another damaging
4 China police officers tried for alleged murder cover-upUSA TODAY
Gu Kailai Trial Sheds Light on China's Legal FlawsBusinessweek
Bo Xilai scandal: Police 'admit Neil Heywood cover-up'BBC News
Sydney Morning Herald

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Deadly fighting erupts in Tajikistan

Category : World News

At least 12 troops and 30 fighters are killed in military operation after murder of top security agent, officials say.

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Judge to man charged with killing girl: ‘You’re dangerous’ – Chicago Tribune

Category : Stocks


Chicago Tribune
Judge to man charged with killing girl: 'You're dangerous'
Chicago Tribune
A 26-year-old alleged gang member has been charged with the fatal shooting of Heaven Sutton, the 7-year-old girl who was selling candy with her mother near her North Austin neighborhood home moments before a stray bullet struck her in the back last
Man charged in 7-year-old girl's death in Chicago The Associated Press
Family taunts man charged in 7-year-old girl's murderChicago Sun-Times

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Why Luka Magnotta flew home in a military plane

Category : World News

Luka Rocco Magnotta was transferred to Canada on a military plane, partly because no commercial airline was willing to transport the first-degree murder suspect from Berlin.

Visit link: Why Luka Magnotta flew home in a military plane

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