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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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Sandusky scandal had one perpetrator, and many accomplices – Washington Post

Category : Stocks

ABC News
Sandusky scandal had one perpetrator, and many accomplices
Washington Post
Late Friday night, as I watched the surreal courthouse scene play out on CNN, I reached out to a former Penn State grad assistant. Every time Jerry Sandusky's face comes across the television now, I think of what Matt Paknis went through as a kid.
NBC: Matt Sandusky describes father's alleged abuse on tapeUSA TODAY
On tape, Sandusky's son Matt talks of sex abuseSeattle Post Intelligencer

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Report ‘to urge cutting red tape’

Category : Business

The prime minister is this week expected to back a plan to help boost growth by cutting employment red tape.

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Beat Black upstages Orfevre at Tenno-sho

Category : World News

Triple Crown champion Orfevre was stunned by long-shot Beat Black in the spring Tenno-sho on Sunday, the runaway favorite crossing the line in a tie for 11th out of 18 in one of the wildest finishes in the race’s history.
Beat Black, who went off as the 14th choice, took the tape four lengths ahead of runnerup and third pick Tosen Jordan, winner of last year’s autumn Tenno-sho.

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Rascal Flatts: Changed

Category : World News

Superstar country music trio Rascal Flatts and AEG Live, in conjunction with NCM Fathom, will present a very special one-night-only theater event that will take place across the nation on Thursday, April 5 at 8:00 p.m (tape delayed). Rascal…

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Trayvon Martin Killing: Friend Tells ABC News Howls on 911 Tapes Belong to … – ABC News

Category : Stocks

ABC News
Trayvon Martin Killing: Friend Tells ABC News Howls on 911 Tapes Belong to
ABC News
A friend of George Zimmerman, the man who shot unarmed teenager Trayvon Martin in Sanford, Fla., told ABC News today that the voice heard howling on the tape of a 911 call was Zimmerman's, not the teen's. The man, a black friend of the family who spoke
Zimmerman described as a 'caring person,' had run-ins with the lawKansas City Star
Attorneys for slain Fla. teen, neighborhood watch captain offer different Washington Post
Attorneys in Trayvon Martin case make arguments The Associated Press
New York Daily News

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Environmental regulations set to be slashed

Category : Business

Environmentalists angry over government plans to ‘cut red tape’ on rules over air, land and noise pollution and wildlife protection

Scores of environmental regulations are to be slashed under government plans to be announced on Monday, the Guardian has learned.

The rules affected include controls on asbestos, invasive species and industrial air pollution; protection for wildlife and common lands; as well as restrictions on noise nuisance and deadly animal traps.

Ministers are expected to say the cutting of red tape will save businesses £1bn, but the move has shocked campaigners, who argue that the government’s search for economic growth is mistakenly targeting the environment.

The impending announcement follows intense pressure from David Cameron and George Osborne to remove what the chancellor has called the “ridiculous costs” of “endless social and environmental goals”.

The document obtained by the Guardian lists 174 regulations that will be scrapped, merged, liberalised or simplified. Neither the environment secretary, Caroline Spelman, nor any other environment minister was present at the “star chamber” conducted by Cabinet Office minister Oliver Letwin, who leads the government’s red tape challenge (RTC). A Guardian analysis shows that 97% of the thousands of public responses on the RTC website demanded stronger protection or no change in the rules on air pollution, wildlife and landscape management.

“The brazenness with which the government has, via its insidious red tape challenge, sought to undermine the very principles of environmental protection is shocking enough,” said Green party MP Caroline Lucas. “But it’s also astonishing that ministers have been so willing to waste taxpayers’ money on such an ideologically driven vanity project.”

A spokesman for the Department for Environment, Food and Rural Affairs said: “The red tape challenge has given everyone, including environmental groups and businesses, an opportunity to tell us how we can protect the environment in a more effective and efficient way that puts fewer burdens on businesses. Regulation has an important role to play in protecting the environment and our natural resources, but some of the rules we ask businesses to follow are either too complicated, ineffective or just obsolete.”

Craig Bennett, policy director at Friends of the Earth, said: “There is no hard evidence that this will save business £1bn, but it could cause havoc to the environment. Most of these regulations are recent, from the last 10 years, so what can have changed in that time?”

The EU habitats directive, which protects the UK’s rarest and most threatened wildlife, was a specific target of Osborne and will be “liberalised”, according to the document.

But Spelman, who a year ago performed a humiliating U-turn on the sale of public forests, has revealed that a mere 0.5% of projects affected by the habitats directive have had problems. Furthermore, those problems – affecting the building of offshore windfarms – are being resolved not by cutting regulation but by negotiation.

Next week is also expected to see the government climb down on the most controversial aspects of its slashing of planning regulations from 1,000 to 52 pages, such as reinstating the requirement to build on brownfield sites first.

Letwin invoked the planning changes at the star chamber he chaired on 12 January, when he told environmental officials he wanted the thousands of pages of regulation and guidance cut down to 50 pages, as it had “worked very well” on planning regulations. However, the cuts expected on Monday, some of which will be subject to consultation, fall short of Letwin’s goal.

Rules such as preventing environmental pollution by asbestos will be scrapped because they are “totally redundant”, while rules limiting industrial air pollution with smoke, grit and dust will be “reviewed along with the clean air act”. Twenty regulations related to the wildlife and countryside act are listed.

Many of the regulations in the document are labelled “deregulation with impact”, which appears to mean their scrapping will cause costs to businesses. Following are some of the key regulations facing proposed changes:

• Regulation covering persistent organic pollutants, which the document states are “a threat to human health and the environment”, will be reduced.

• Regulations ensuring the “reasonable” cleaning up of contaminated land will be reduced, because they “create a burden for the housing industry“.

• Rules banning works on common land will be liberalised, or their implementation improved.

• Rules requiring local authorities to investigate and abate noise, dust and odour nuisances will be liberalised or improved.

• The need for waste management plans for construction sites will be scrapped.

• Regulations requiring manufacturers of electrical goods and batteries to take financial responsibility for their safe disposal will be liberalised or improved.

• Recycling targets for larger UK businesses will be liberalised or improved.

Mary Creagh, the shadow environment secretary, said: “This latest attack on so-called environmental red tape shows how out of touch the government is with everyone who cares about the countryside. We need leadership to create green jobs, not desperate measures from a panicking government which has no idea how to create jobs and growth.”

A source close to the process told the Guardian: “The external costs of this deregulation falls on taxpayers, as damage and depletion will need paying for even if businesses won’t pay. It also falls on to communities, usually the poorest, on to other businesses, and on to future generations. It is a true race to the bottom.”

‘Red tape’ costs for businesses increase despite government promises

Category : Business

Despite almost two years of work on deregulation, costs to business have increased by £18m, says government report

The business cost of government regulation has risen under the coalition government, despite high-profile promises to slash “red tape” and “bureaucracy”.

Latest government figures show that the headline saving for businesses since the government began its cost-cutting drive is £3.3bn, but all of this can be accounted for by a single measure early last year to change the rate at which pensions must increase to a lower measure of inflation – something not widely considered to be a regulation.

Stripped away, almost two years of work on “deregulation” has increased annual costs to business by £18m, says the report by the Department for Business, Innovation and Skills.

The report also shows that three departments have driven the increase in costs: the Home Office and Government Equalities Office, the Department for Environment, Food and Rural Affairs, and the Department of Health. Between them the three departments have increased the cost of regulation to business by more than £100m a year.

Acknowledging the challenge, the business minister Mark Prisk said in a statement: “The system is starting to deliver results, capping the costs to business and then driving them down. But we know that changing the culture of regulation in Whitehall is a long-term job, and all of us in government have to, and will, continue to root out any red tape which poses more of a hindrance than a help to UK businesses.”

Critics both fear the drive on deregulation is a cover for pulling back from important protections for people and the environment, and claim that ministers have repeatedly promised to make savings they do not know they can deliver.

Mark Littlewood, the director general of the Institute of Economic Affairs, said the deregulation drive was held back by the “one in, one out” rule, which was “almost encouraging a zero-sum game”.

“£18m is almost in the margin of error but that does not constitute a massive success for deregulation,” said Littlewood, a former head of media for the Liberal Democrats and now advising the government on its “red tape challenge”.

“The nature of the way Whitehall works is you have got vast numbers of civil servants paid to find problems and devise regulatory solutions to those problems,” he added. “In [former US Republican president] Ronald Reagan’s words, they are shooting the alligators when they should be draining the swamp.” A hypothetical example would be cutting whole areas like health and safety regulation surrounding using computers for all firms with turnover of less than £10m a year, said Littlewood.

The health department, whose estimated cost of regulations has risen by £21m a year, said the main drivers were new rules stopping tobacco being displayed in shops, a ban on people under 18 using commercial sunbeds, and stricter checks on doctors from overseas brought in following the death of a patient after he was given a fatal overdose by a German GP on his first shift as a locum in the UK.

“We know we need to reduce red tape and are about to review our regulations to make sure we do so. But if we can save lives or improve public health through improving regulation, then there will always be a strong argument for doing so, while minimising any impact on business and enterprise,” said a spokesman for the DoH.

Shigetomo wins Osaka marathon

Category : World News

Risa Shigetomo pulled away after the 26-km mark and never looked back en route to winning the Osaka International Women’s Marathon on Sunday.
Shigetomo stayed in front with the pacemakers and ran even with Japanese 5,000-meter record holder Kayoko Fukushi in the early going, but the second half belonged solely to the 24-year-old Okayama native, who crossed the tape in 2 hours, 23 minutes and 23 seconds at Nagai Stadium for her first marathon victory.

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