PennyStockPayCheck.com Rss

Featured Posts

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...

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

US tax chief resigns amid scandal

Category : World News

President Barack Obama announces the head of the US tax agency has quit, after it emerged his staff singled out conservative groups for extra scrutiny.

Originally posted here: US tax chief resigns amid scandal

Post to Twitter

Cornel West: ‘They say I’m un-American’

Category : Business

The American academic and firebrand campaigner talks about Britain’s deep trouble, fighting white supremacy and where Obama is going wrong

Cornel West, the firebrand of American academia for almost 30 years, is causing his hosts some problems. They are on a schedule but such things barely move him, for as he saunters down the high street there are people to talk to, and no one can leave shortchanged. Everyone, “brother” or “sister”, is indeed treated like a long lost family member. And then there is the hug; a bear-like pincer movement. There’s no escape. It happens in New York, where the professor/philosopher usually holds court. And now it’s the same in Cambridge.

The best students accord their visitors a healthy respect, but West’s week laying bare the conflicts and fissures of race and culture and activism and literature in the US and Britain yielded more than that during his short residency at King’s College. There are academics who draw a crowd, but the West phenomenon at King’s had rock star quality: the buzz, the poster beaming his image from doors and noticeboards; the back story – Harvard, Princeton, Yale, his seminal work Race Matters, his falling-in and falling-out with Barack Obama.

Others can teach, and at Cambridge the teaching is some of the best in the world, but standing-room-only crowds came to see West perform. He performed. Approaching 60 now, he is slow of gait. But he always performs.

“Britain is in trouble,” he tells me. “Britain is in deep trouble. The privatising is out of the control, the militarising is out of control and the financialising is out of control. And what I mean from that is you have a cold-hearted, mean-spirited budget that the Queen just read; you have working and poor people under panic, you have this obsession with immigration that tends to scapegoat the most vulnerable rather than confront the most powerful. And it is not just black immigrants, but also our brothers and sisters from Poland and Bulgaria, Romania; right across the board.” He isn’t ranting. He doesn’t rant. He smiles, he growls gently, he leans in and whispers conspiratorily. There is an upside, he says. “Britain has a rich history of bouncing back too.”

They looked after him at King’s, he says. Incongruous in his trademark black three–piece suit, with fob watch and old-time, grey–flecked, fly-away afro, he berthed in the understated splendour of the Rylands room in the Old Lodge. Named after Dadie Rylands, the literary scholar and theatre director educated at King’s and a fellow until his death in 1999, it was where Virginia Woolf lunched with Rylands and John Maynard Keynes. West likes such evocations. “I feel her spirit,” he says, leaning back on a chair.

But then he is accustomed to the star treatment. A graduate of Harvard University in 1973, he received his PhD at Princeton; returning to both as professor of religion and director of the programme in African-American studies at Princeton and later professor of African-American studies at Harvard. He departed Harvard in 2002 after a bitter dispute with the then president of the university, Lawrence Summers, Bill Clinton’s treasury secretary, who was later picked by President Obama to head the US National Economic Council. Some claim Summers’s clash with West formed part of the spiral that led to his own departure from Harvard. West says Summers had an agenda to cut African American studies, and him, down to size. He “tangled with the wrong Negro”, the professor said later. He returned to Princeton, from which he has recently retired. Now his centre of academic operations is the Union Theologiocal Seminary in New York, where he began his teaching career.

But he is multi-platform, which, critics contend, added something to the fall-out with Summers at Harvard. He is the author of 19 books and editor of another 13. A regular TV pundit. Co-star of the popular public radio show Smiley and West. Chair of the Democratic Socialists of America. He even played the wise Councillor West in The Matrix Reloaded. While the right throws the socialist tag at Obama like a poisoned dart, West wears it as a badge of honour. A “non-Marxist socialist” eschewing Marxism in favour of Christianity. A complex package. Hence the enthusiasm at Cambridge’s Centre for Research in the Arts, Social Sciences and Humanities to invite him over and peel the layers.

Last week West appeared three times in conversation: on race and politics, with academic Paul Gilroy – their double header had to be moved to a larger venue and ended with a standing ovation; on philosophy and the public sphere, with philosopher MM McCabe; and with Ben Okri on literature and the nation. The fact is that he’ll talk indefinitely and on anything. In between Cambridge appearances, he headed to Sheffield University to unveil a memorial to a previous visitor there, “my brother Malcolm X”. Also to London to an event hosted by former race chief Trevor Phillips.

For his radio show in the US, he also travelled to the Ecuadorian embassy for an encounter with Julian Assange. Exhilarating, by his account. “Boy, that was a rich one,” he says. “Oh my God, we went on for an hour and a half: about the militarising of the internet and the use of US imperial power. They’re trying to squelch any whistleblower who wants to reveal the secrets of the dirty wars of the US empires and other governments. We talked primarily about courage. He is a very smart man and very courageous too.”

They found points of contact. “He talked about Martin Luther King’s courage and how he has been inspired by Martin Luther King. We talked about the 3 June case with brother Bradley Manning and the witnesses the US government has lined up. I wanted people to hear his voice and to revel in his humanity; revel in his wrestling with his situation and to see what his vision is.”

He found some optimism, he says. “He has this situation with the sisters in Sweden and that’s got to be resolved, and I think that’s in the process of being resolved. We have to be concerned about someone accused of violating anybody, but I think for the most part that is going to be resolved, and that was probably an attempt of the powers that be. One woman has already said she is pulling back and the other one admits it was consensual, so it is not as ugly as it was projected in the press. But once that is over he has got the big one coming. He has got a behemoth coming at him; the US empire and its

Post to Twitter

Several Russian Speakers on New Executive Committee of World Jewish Congress; Ronald S. Lauder Confirmed as President of the Leading International Jewish Organization

Category : Stocks

BUDAPEST, HUNGARY and MOSCOW–(Marketwired – May 13, 2013) – The 14th Plenary Assembly of the World Jewish Congress in Budapest re-elected Ronald S. Lauder as president of the WJC for another four-year term. He has held the position since 2007. “I see this as the top assignment for the Jewish people and I am excited to serve as president of the World Jewish Congress for another four years,” said Lauder.

Read the original here: Several Russian Speakers on New Executive Committee of World Jewish Congress; Ronald S. Lauder Confirmed as President of the Leading International Jewish Organization

Post to Twitter

CUPE Nova Scotia charges so-called ‘cost-savings’ from merged DHAs are fictional

Category : Stocks

TRURO, NOVA SCOTIA–(Marketwired – May 6, 2013) - CUPE Nova Scotia President Danny Cavanagh says the two opposition party leaders are floating fictional numbers when it comes to any ‘savings’ that would come from merging the province’s District Health Authorities (DHAs).

Read the original post: CUPE Nova Scotia charges so-called ‘cost-savings’ from merged DHAs are fictional

Post to Twitter

Former Fifa boss resigns over bribes

Category : Business, World News

Fifa honorary president Joao Havelange resigns after being named in a report as having received bribes.

Originally posted here: Former Fifa boss resigns over bribes

Post to Twitter

Media Advisory: OFL President Sid Ryan Available for Comment Following Release of Ontario Budget

Category : World News

TORONTO, ONTARIO–(Marketwired – May 2, 2013) - Sid Ryan, President of the Ontario Federation of Labour (OFL), will be available for comment immediately following the release of the 2013 Ontario Budget to discuss its impact on working people across the province.

Read more: Media Advisory: OFL President Sid Ryan Available for Comment Following Release of Ontario Budget

Post to Twitter

International Cinematographers Guild President Steven Poster Re-Elected and His Slate Wins Election Majority

Category : Stocks, World News

LOS ANGELES, CA–(Marketwired – Apr 27, 2013) – Incumbent president Steven Poster, ASC was re-elected and the slate of candidates backing the policies of the current administration won a decisive majority on the National Executive Board of the International Cinematographers Guild in the unofficial election results announced yesterday.

View original post here: International Cinematographers Guild President Steven Poster Re-Elected and His Slate Wins Election Majority

Post to Twitter

VIDEO: AP news agency’s Twitter feed hacked

Category : World News

Dr Herb Lin, a cyber security expert, explains how media agencies are likely to make security changes to their Twitter accounts after a fake tweet claiming President Barack Obama had been injured was sent from the Twitter account of the Associated Press news agency.

More here: VIDEO: AP news agency’s Twitter feed hacked

Post to Twitter

Diamyd Medical AB (DMYDY: OTCQX International) | Information relating to the Extraordinary General Meeting of Diamyd Medical on April 22 regarding the proposed restructuring of the Diamyd Group

Category : World News

Provided that the Extraordinary General Meeting of Diamyd Medical AB to be held on April 22 resolves in favor of the proposed restructuring of the Diamyd Group, after which Diamyd Medical AB will be renamed Mertiva AB, the incoming Board of Directors in the future Mertiva AB plans to appoint Andreas Bergsten as the President at a statutory meeting following the General Meeting. The proposed restructuring entails, among other effects, that the subsidiary Diamyd Therapeutics AB will be distributed to shareholders and the intention is to list the company on NASDAQ OMX First North. The current President of Diamyd Medical AB, Peter Zerhouni, will remain as President of Diamyd Therapeutics AB.

Background to the restructuring
As previously announced in press releases issued on February 18 and March 21, 2013, the summons to an Extraordinary General Meeting was brought about due to an agreement reached by a group of shareholders in Diamyd Medical AB who together represent a majority of the votes and share capital in the company. The agreement entails, among other factors, that the shares in the subsidiary Diamyd Therapeutics AB, which will be capitalized at approximately SEK 50 million and own the existing diabetes operations and the holding in Periphagen, Inc., will be distributed to shareholders. The company will be renamed Diamyd Medical AB. At the same time, the Parent Company will be renamed Mertiva AB. Liquid assets of more than SEK 300 million and the holdings in Protein Sciences Corporation and Mercodia AB will remain in Mertiva AB. The greater part of the liquid assets in Mertiva AB is proposed to be distributed to the shareholders as soon as possible.


Change of President in Diamyd Medical (future Mertiva)

The incoming Board of Directors of the future Mertiva AB plans to appoint Andreas Bergsten as President in a statutory Board meeting following the Extraordinary General Meeting to be held on April 22.
Andreas Bergsten, born in 1967, is currently working as a consultant in the fields of finance and company management and, in his capacity as a consultant, has worked primarily for venture capital firms. In the past, Andreas has served as CFO of four different companies and, prior to this, he was employed at Citigroup, initially as a financial analyst and subsequently as a key account manager. Andreas holds a Master of Science in Business and Economics from the Stockholm School of Economics and the McGill University MBA Program.
The incoming Board of Directors of the future Mertiva AB intends to bring up the issue of moving the company’s listing from NASDAQ OMX Nordic Stockholm to another, unregulated marketplace.


Redemption procedure in Diamyd Medical (future Mertiva) and distribution in kind of Diamyd Therapeutics

As previously announced, the distribution of liquid assets in the future Mertiva AB is proposed to take place by distributing non-restricted equity through voluntary redemption of shares. Shareholders will receive one redemption right per share held and five redemption rights entitle the shareholder to request redemption of one share in the company. For each share redeemed, the shareholder will receive cash payment of SEK 20. The Board of Directors also proposes that the General Meeting approve a dividend in the form of all shares in the wholly owned subsidiary Diamyd Therapeutics AB, whereby three Series A shares in the future Mertiva AB will carry entitlement to one Series A share in the subsidiary and three Series B shares in the future Mertiva AB will carry entitlement to one Series B share in the subsidiary.

Summary of timetable for the redemption procedure and distribution in kind of Diamyd Therapeutics

April 22, 2013
Extraordinary General Meeting in Diamyd Medical. Final day for trading in the Diamyd share, including redemption rights and entitlement to distribution in kind

April 23, 2013

First day of trading in the Diamyd share, excluding redemption rights and entitlement to distribution in kind

April 25, 2013
Record date for receiving redemption rights and entitlement to distribution in kind

April 30 – May 21, 2013
Period of registration to request redemption

April 30 – May 16, 2013

Trading in redemption rights on NASDAQ OMX Stockholm

Around June 14, 2013
Payment of redemption proceeds


Listing of Diamyd Therapeutics (future Diamyd Medical) on NASDAQ OMX First North

As announced earlier, the intention is to make the shares in Diamyd Therapeutics AB available for trading on NASDAQ OMX First North. The first day of trading is expected to be in mid-May 2013. Diamyd Therapeutics AB will be renamed Diamyd Medical AB at the same time as the current Diamyd Medical AB will be renamed Mertiva AB.

Peter Zerhouni, the current President of Diamyd Medical AB (future Mertiva AB) will remain in his position as President of Diamyd Therapeutics AB (future Diamyd Medical AB).

The Board of Directors of Diamyd Therapeutics AB (future Diamyd Medical AB) will initially comprise Anders Essen-M

Post to Twitter

Local Virtual Assistant from Dartmouth, Nova Scotia is the 1st Canadian Elected Vice President of International Association

Category : Stocks, World News

DARTMOUTH, NOVA SCOTIA–(Marketwired – April 18, 2013) - Nova Scotia businesswoman, Kathy Colaiacovo, Principal at Time on Task Virtual Assistant Services, has been elected as the first Canadian Vice President of the International Virtual Assistants Association (IVAA) – a nonprofit trade association for Virtual Assistants worldwide.

Excerpt from: Local Virtual Assistant from Dartmouth, Nova Scotia is the 1st Canadian Elected Vice President of International Association

Post to Twitter