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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 rules | Rafael Behr

Category : Business

The essential etiquette guide to modern life

Delinquent behaviour

Teenage behaviour is publicly acceptable in anyone apart from teenagers. This is the principle that undid Paris Brown, the 17-year-old police youth crime commissioner who resigned last week over offensive messages sent on Twitter. Her mistake was to be found out before reaching an age where she might plausibly be thought old enough to know better. This is called Keith Richards’s First Law of Delinquency: Indulgence of youth increases in inverse proportion to the youth of the indulged.

Grown-ups are expected to have some lurid tales of youthful disgrace to deploy in polite company. This is because no one wants to admit to having a frigidly pious adolescence.

It is better to have flirted with riot and survived than to have avoided it altogether. Hence, there are more respectable ex-punks today than there were ever actual punks (a mathematical impossibility known as Lydon’s Paradox).

The admissible adult limit of youthful misdemeanour is mild recreational drug use with bouts of drunken disorder up to and including minor acts of criminal damage. These must have occurred long enough ago to now seem victimless. This threshold is called the Bullingdon Point. Given sufficient time, acts that would be condemned in today’s youth can be filed away with an indulgent smile alongside embarrassing old record purchases. The unit for measuring cringes induced by humiliating memories of past disgrace is the Agadoo.

The honours system

The decision by Sir James Crosby, former chief executive of HBOS, to return his knighthood in penance for leading the bank to catastrophic failure may look like sensible contrition. But it is a breach of fundamental laws of British society and a terrible faux pas. Crosby’s error is to have implied a whole set of causal relations between wealth, ability and social status that don’t exist.

By surrendering his honour, Crosby seems to suggest that it was given to him for some genuine achievement and that the unravelling of that achievement is grounds for its return. This is nonsense. The award was bestowed, like most British honours, for the fact of his being tremendously rich, regardless of skill or morality. Since Crosby is still wealthy – and there is no evidence he has acquired new competence since wrecking HBOS – he is perfectly entitled to keep his gong.

Two founding principles of the British establishment: first, that money can buy status on the condition that a pretence is maintained that it doesn’t; second, that no height of idiocy is unforgivable in the rich. By accepting some kind of punishment for his role in the credit crunch, Crosby is complicit in the notion that merit should be involved in the hierarchy of public life. This is a deeply subversive act, which is why he will get not credit for it. His allocated role is to be arrogantly and brazenly unrepentant and he should not deviate from that position.

Golf – for and against

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Eurozone unemployment rate hits 12%

Category : World News

The rate of unemployment in the eurozone reaches a record high of 12%, with youth unemployment rising sharply, official figures show.

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VIDEO: Young people ‘struggling to find jobs’

Category : Business

Despite an overall fall in UK unemployment, youth unemployment has risen slightly according to official figures.

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Government warned over youth jobs

Category : Business

Attempts to cut youth unemployment in England are being hampered by excessive bureaucracy and central government control, council leaders say.

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Divers Carve Obama, Romney Pumpkins Under the Sea – ABC News

Category : Stocks

Divers Carve Obama, Romney Pumpkins Under the Sea
ABC News
VIDEO: Dashcam video shows a car hitting a man and he walks away without any Man Gets Hit By Car and Survives

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Greece unemployment hits record

Category : Business

Unemployment in Greece hit a record 25% in July, government figures show, with youth unemployment reaching more than 54%.

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TV review: Masters of Money; Panorama: Price Tag Wars

Category : Business

Being passionate about economics isn’t easy – but

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Youth unemployment ‘set to rise’

Category : World News

The effects of the euro crisis mean global youth unemployment is set to rise between now and 2017, the International Labour Organization warns.

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Tighter Controls Needed on ATV Use

Category : Stocks, World News

OTTAWA, ONTARIO–(Marketwire – Aug. 30, 2012) - Children and youth under 16 years old should not operate all-terrain vehicles (ATVs) of any size, the Canadian Paediatric Society (CPS) said in a new statement released today.

Read this article: Tighter Controls Needed on ATV Use

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South African striking miners visited by former ANC youth leader – video

Category : Business

The ousted ANC youth leader, Julius Malema, comes to Marikana on Saturday to address the striking miners, after 34 people were shot dead by police on Thursday

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