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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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Trican Announces 2013 Russian Contract Update

Category : World News

CALGARY, ALBERTA–(Marketwire – Jan. 14, 2013) - Trican Well Service Ltd. (TSX:TCW) is pleased to announce the results of the 2013 Russian contract tendering season. Management is currently estimating 2013 revenue to increase by approximately 25%, as measured in Russian roubles, relative to 2012.

Continued here: Trican Announces 2013 Russian Contract Update

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Greece and Germany: this is a crisis of cousins | Mark Terkessidis

Category : Business

My family’s experience shows how easily Greeks and Germans forget what they have in common

I recently bumped into a cousin in Switzerland. I hadn’t known she even existed – she and I never moved in the same family circles when I visited relatives in Athens. But since the start of the crisis, Greeks abroad have become more aware of their family trees. My relative completed a degree in Germany 25 years ago and returned to Greece to get a job in the food industry. Two years ago she was made redundant. For 18 months she tried to find work, then gave up and begged her mother to call her contacts in Germany – such as my father, her cousin once removed, who helped her move to Germany, and from thereon to Switzerland.

Although the German parliament should on Friday pass a deal that eases the pressure on the Greek economy, many Greeks have gone back to doing what they have always been good at: they activating networks of relatives in the diaspora and moving abroad. Statistics released this month show that Greek migration to Germany has shot up almost 80% in the past few years. They are a different breed to the unqualified workers from rural areas who moved abroad in the 1960s, however: the new migrant comes from one of the crisis-hit cities and has a bagful of degrees and qualifications.

In this respect, the Greek disaster is a German boon: the brain drain from the Mediterranean is helping to plug Germany’s chronic lack of qualified workers. And yet Greeks who arrive are rarely welcomed with open arms at German borders. A large part of the population still insists that “we” will end up having to cough up for “their” welfare. Out come all the old cliches: haven’t “those Greeks” always been feckless layabouts? People empathise with the situation in Greece but often wouldn’t want to go as far as letting out their flat to a Greek family.

Accepting that migration is once again part of the Greek experience isn’t easy for Greeks, either. Expectations are higher than they used to be. In the 90s, Greece had managed to turn itself from an emigration into an immigration country (even if not a particularly welcoming one, as the rise of Golden Dawn shows). In 2004, when Athens hosted the Olympics and the Greek football team won the European Championship, it briefly looked like the country had finally arrived in Europe. That dream has now come to a sudden end: in the eyes of most Europeans, we’ve been pegged back to “oriental” levels.

I grew up in Germany with a Greek father and a German mother, and I find it relatively easy to look at the situation from both sides of the divide. But for Greeks in Greece to accept partial responsibility in their downfall isn’t easy. Greece experienced modernisation, but no real reforms. Mentally, it never kept up with economic progress. The EU and the euro arrived and living standards rose, but in politics the same old family structures remained intact, tourists were served the same old souvlakis and moussakas for notched-up prices, and the country continued to consume, “Balkans-style” – as if the whole dream could be over by tomorrow.

Analysing what really happened during the boom years is much harder than blaming the big bad Germans, those heartless, work-obsessed robots. Of course you can question Angela Merkel’s austerity politics. And there’s no question that some Germans – much like many Greeks – have simply failed to grasp where the European project is at: there’s a widespread and enormously inflexible fixation with savings, wage restraint and fighting inflation that is simply outdated.

But ultimately Germany and Greece are simply opposite poles at a new phase of European integration. If you look at the relationship between the two countries from a distance, the overwhelming impression is not of a culture clash but a historical enmeshing. You only have to remember that the blue-and-white Greek flag is based on the colours of the state of Bavaria – whose Prince Otto became the first king

VIDEO: Gaza’s property boom as land prices soar

Category : Business

Almost four years after the conflict with Israel, Gaza is enjoying a period of relative calm.

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Russell Indexes: Asia Underperformed Europe & US YTD as of 8/21; All Global Regions Positive

Category : World News

SEATTLE, WA–(Marketwire – Aug 23, 2012) –  The Russell Asia-Pacific Index returned +8.7% year-to-date as of August 21st, relative to a +10.8% return for the Russell Developed Europe Index and a +13.8% return for the Russell 1000® Index for the same time period.

Continue reading here: Russell Indexes: Asia Underperformed Europe & US YTD as of 8/21; All Global Regions Positive

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Colorado massacre suspect silent in first court hearing – Reuters

Category : Stocks


The Hindu
Colorado massacre suspect silent in first court hearing
Reuters
* Holmes appears in court with hair dyed orange and red * Decision on seeking death penalty “months down the line” * Lawyer for Holmes family to issue statement (Adds plans for Holmes' family attorney statement, quotes from victim's relative) By Keith
Colorado massacre suspect in courtWashington Post
Colorado shooting: 'No show of emotion' as suspect appears in courtChristian Science Monitor
Colorado Shooting Suspect Appears in CourtWall Street Journal
msnbc.com

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A bit of perspective on what could be called a Spanish TARP: Given that Spain’s economy is 1/10th that of the U.S., the ;100B ($125B) Spanish rescue towers over the $700B U.S. TARP on a relative basis. Bazooka indeed. Of course, the U.S. TARP was…

Category : Stocks

A bit of perspective on what could be called a Spanish TARP: Given that Spain’s economy is 1/10th that of the U.S., the €100B ($125B) Spanish rescue towers over the $700B U.S. TARP on a relative basis. Bazooka indeed. Of course, the U.S. TARP was followed up with the Fed’s QE. Will the ECB do the same? 3 comments!

Go here to see the original: A bit of perspective on what could be called a Spanish TARP: Given that Spain’s economy is 1/10th that of the U.S., the ;100B ($125B) Spanish rescue towers over the $700B U.S. TARP on a relative basis. Bazooka indeed. Of course, the U.S. TARP was…

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Salesforce.com’s (CRM) purchase of Buddy Media marks the latest step in the company’s efforts to create a fully-fledged front office cloud software suite, thinks ZDNet’s Dennis Howlett. He adds the acquisition comes at a time when surveys indicate…

Category : Stocks, World News

Salesforce.com’s (CRM) purchase of Buddy Media marks the latest step in the company’s efforts to create a fully-fledged front office cloud software suite, thinks ZDNet’s Dennis Howlett. He adds the acquisition comes at a time when surveys indicate strong interest in many types of CRM solutions, and enterprises are starting to show more interest in CRM apps, which are focused on revenue growth, relative to ERP and other back-office apps, which are focused on cost-cutting. Post your comment!

Read the original post: Salesforce.com’s (CRM) purchase of Buddy Media marks the latest step in the company’s efforts to create a fully-fledged front office cloud software suite, thinks ZDNet’s Dennis Howlett. He adds the acquisition comes at a time when surveys indicate…

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Mentioned during Microsoft’s FQ3 earnings call (webcast, live blog): PC market estimated to grow 2%-4% in Q1, led by 8% business growth (higher Windows license fees than consumers, and less piracy). Multi-year business license revenue now 40% of…

Category : Stocks, World News

Mentioned during Microsoft’s FQ3 earnings call (webcast, live blog): PC market estimated to grow 2%-4% in Q1, led by 8% business growth (higher Windows license fees than consumers, and less piracy). Multi-year business license revenue now 40% of company’s sales. Online ad revenue +9% (unimpressive relative to peers). Strong license and services growth forecast for Server & Tools. Entertainment & Devices expected to grow ~10% in FQ4, reversing FQ3′s decline. MSFT +3% AH. Post your comment!

Link: Mentioned during Microsoft’s FQ3 earnings call (webcast, live blog): PC market estimated to grow 2%-4% in Q1, led by 8% business growth (higher Windows license fees than consumers, and less piracy). Multi-year business license revenue now 40% of…

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Stocks are at most "only slightly expensive relative to their long-term average," and may be justified in being priced at slightly above-average valuations because there seem to be no good alternatives, according to Harvard economics…

Category : Stocks

Stocks are at most “only slightly expensive relative to their long-term average,” and may be justified in being priced at slightly above-average valuations because there seem to be no good alternatives, according to Harvard economics chairman John Campbell. Perhaps not a screaming buy signal, but not a sell signal either. 5 comments!

Read the original post: Stocks are at most "only slightly expensive relative to their long-term average," and may be justified in being priced at slightly above-average valuations because there seem to be no good alternatives, according to Harvard economics…

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There’s tasty growth expected out there for some stocks – but it comes at a price (P/Es of 30, 40 or much more for stocks like [[CMG]] and [[ISRG]], vs. 13 for the S&P 500). A few hints on what to look for to see if your stock will keep growing:…

Category : Stocks, World News

There’s tasty growth expected out there for some stocks – but it comes at a price (P/Es of 30, 40 or much more for stocks like CMG and ISRG, vs. 13 for the S&P 500). A few hints on what to look for to see if your stock will keep growing: organic growth, sustainability via return on invested capital, and using measures like relative valuation to see which shares are too pricey. 3 comments!

Read this article: There’s tasty growth expected out there for some stocks – but it comes at a price (P/Es of 30, 40 or much more for stocks like [[CMG]] and [[ISRG]], vs. 13 for the S&P 500). A few hints on what to look for to see if your stock will keep growing:…

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