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Showing posts from September, 2013

Google puts constitutions online

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Google 貼牌冰箱(Google Refrigerator) (Photo credit: Aray Chen) Around the world, nations have written constitutions that rule them, and a Google-aided project now has placed some 177 constitutions online. Google's Ideas think tank has helped create a fascinating online collection of constitutions for scores of nations around the world where visitors can explore and learn about how the documents change over time. The new site, called Constitute, was built by the Comparative Constitutions Project and supported with the help of the Google Ideas think tank, Sara Sinclair Brody, the Google Ideas product manager, wrote in a Sept. 23 post on the Google Official Blog. "Constitutions are as unique as the people they govern, and have been around in one form or another for millennia," wrote Brody. "But did you know that every year approximately five new constitutions are written, and 20 to 30 are amended or revised? Or that Africa has the youngest set of constitutio…

High risk credit card processing for Pharmacy

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eComTechnologyprovides merchant account and credit card processing services to businesses; working with not only traditional businesses but high risk and high volume businesses as well. eComTechnology is known and established with International Business and Banking Services providing greater flexibility with banking services and getting the right match for the business and location.
In order to provide the most effective and efficient credit card payment processing solutions to our merchants, eComTechnology operates various business units dedicated to industry segments while working closely with our providers to determine which of the varied services in the market are best suited to their business needs.
Whether in Asia, United States, Canada or based in Europe inquire or apply today and in most cases you can be processing in less than 10 days through your own virtual terminal or gateway.
Your ISO for high risk credit card processing solutions.
Accept credit card payments online, proce…

CEOs support efforts to avert government shutdown

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Some of America's leading CEOs are beating a familiar path to Washington to support efforts to avert a government shutdown and raise the U.S. borrowing limit, warning lawmakers that the threat of the first debt default in the country's history is damaging the economy.
The business leaders, all members of a group called "Fix the Debt," said they went to Capitol Hill last week with a simple message for Republicans and Democrats, but it is the same as the one they delivered in budget standoffs of 2011 and 2012.
"Engage in whatever political machinations you wish, but do not default," said Honeywell International Inc (HON.N) Chief Executive David Cote. "Don't throw away a credit history built up since George Washington."
For these corporate leaders, it's a bit like the movie "Groundhog Day," where the main character lives the same day over and over, wondering whether there is a way out of the scene.
The U.S. government faces the poss…

Bangladesh holds largest garment protest

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About 50,000 garment industry workers held their largest protest so far in the Bangladeshi capital of Dhaka to demand an increase of more than 1-1/2 times in the minimum wage, police and labor officials said on Saturday.
"Our backs are against the wall, so we don't have any alternative unless we raise our voice strongly," Nazma Akter, president of the United Garments Workers' Federation, which groups 52 garment worker's groups, told the peaceful protest.
"We will not hesitate to do anything to realize our demand."
Bangladesh's $20-billion garment export industry employs roughly 4 million workers who earn about 3,000 taka ($38) a month, or half what Cambodian factory workers now earn. They want a raise to 8,000 taka ($103) per month.
"We are not the object of mercy, the economy moves with our toil," Akter added.
Although the factory owners earlier agreed to a raise of just 20 percent, the workers refused this, calling it "inhuman and …

Toronto-Dominion Bank (TD.TO) will pay $52.5 million in civil penalties

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Toronto-Dominion Bank (Photo credit: Wikipedia)Toronto-Dominion Bank (TD.TO) will pay $52.5 million in civil penalties to settle charges by U.S. regulators that it violated securities laws in connection with a Ponzi scheme conducted by Florida lawyer Scott Rothstein, who is serving a 50-year prison term.
The Canadian bank was fined $37.5 million by the Financial Crimes Enforcement Network and Office of the Comptroller of the Currency, and $15 million by the U.S. Securities and Exchange Commission.
Regulators said that from April 2008 to September 2009, TD Bank violated the federal Bank Secrecy Act by failing to uncover and report in a timely manner suspicious activities in accounts belonging to the law firm where Rothstein ran a $1.2 billion Ponzi scheme.
The SEC said TD, through regional Vice President Frank Spinosa, "told outright lies to investors," issuing misleading documents and making false statements about Rothstein's accounts that led investors to believe their …

high risk credit card processing

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Apply for your application today. eComTechnology has succeeded with their clients for a decade now and been the driving force behind their clients success.
Applying for a merchant account is similar to applying for a business bank account or loan.
eComTechnology is associated well in the International banking business.  Merchants associating with anything less leaves them open to failure with of some aggregator accounts, Chinese banks and never ending rules and regulation changes worldwide in the payment processing business.
Limit your risks and apply with eComTechnology today.
eComTechnology is an extension of what the banks demand for a successful application. eComTechnology matches the client with a bank worldwide and has been successful at this for 10 years now. eComTechnology is a registered ISO/MSP for BMO Harris Bank, N.A., Chicago, IL., and Wells Fargo Bank, N.A., Walnut Creek, CA.




JP Morgan just keeps buying their way another 309 million

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It's more bad news for JPMorgan Chase. The country's largest bank has been ordered to refund $309 million to customers and pay $80 million in fines over alleged unfair credit card billing, regulators at the Consumer Financial Protection Bureau and the Office of the Comptroller of the Currency announced Thursday.JPMorgan said it had already issued refunds to the roughly 2.1 million customers regulators say are eligible.
The OCC also ordered JPMorgan to make substantial reforms to its debt collection practices after allegedly submitting fraudulent or inaccurate documents in litigation with consumers.
The news comes on the same day U.S. and U.K. officials announced that the bank would pay $920 million in fines over the "London Whale" trading debacle.
The CFPB said JPMorgan (JPM, Fortune 500) had unfairly charged consumers for credit monitoring services they did not receive between October 2005 and June 2012.
The bank is accused of enrolling customers in these cr…

Japanese investment banking unit of UBS AG was ordered on Wednesday to pay a $100 million

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Three keys logo by Warja Honegger-Lavater. (Photo credit: Wikipedia) A Japanese investment banking unit of UBS AG was ordered on Wednesday to pay a $100 million criminal fine after pleading guilty to wire fraud in connection with its role in the manipulation of the benchmark interest rate Libor.
UBS Securities Japan Co had entered its plea last December 19, one day after its Zurich-based parent agreed to pay about $1.5 billion in penalties to resolve criminal, civil and regulatory probes by authorities in the United States, the United Kingdom, Switzerland and Japan into alleged rate manipulation.
The U.S. Department of Justice agreed at the time not to prosecute UBS, apart from the Japanese unit. In exchange, UBS admitted wrongdoing tied to rate manipulation.
"Make no mistake - for UBS traders, the manipulation of Libor was about getting rich," Lanny Breuer, who at the time led the Justice Department's criminal division, said in discussing the settlement last December.
W…

Google purchasing more wind

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English: The , also known as the Green Mountain Energy Wind Farm, near . (Photo credit: Wikipedia)Google announced today plans to purchase the entire output of the 240-megawatt Happy Hereford wind farm outside of Amarillo, Texas—the company’s fifth long-term agreement and its largest commitment yet.
To date, Google has contracted for more than 570 MW of wind energy, enough energy to power about 170,000 U.S. households, the company in a post on its official blog. Ultimately, Google has a goal to power its operations with 100 percent renewable power.
The wind farm, which is being developed by a Native American-owned company called Chermac Energy, is expected to start producing energy late next year, according to Google. The wind farm will provide energy to the Southwest Power Pool, a regional grid that serves Google’s Mayes County, Okla.-based data center.
That means the energy produced by the wind farm won’t power the data center directly. Once Google buys the renewable energy, the com…

Wall street engaging in speculative trading

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Wall Streetbanks, including JPMorgan (JPM.N), have engaged in speculative trading and stockpiled U.S. renewable fuel credits turning a federal environmental program into a profit stream, The New York Times reported on Sunday.
A JPMorgan trader pressed the bank to buy all the Renewable Identification Numbers (RINs) it could, The Times said citing an unnamed industry executive. Prices for the credits spiked by as much as 20-fold between January and mid-summer.
With the supply of available RINs growing tighter, JPMorgan offered to sell hundreds of millions fuel credits to refiners this year, The Times reported.
JPMorgan's role and that of other banks in the RINs market has hurt U.S. refineries that often acquire RINs to avoid stiff penalties from the U.S. Environmental Protection Agency (EPA), The Times reported, adding that the moves have likely contributed to higher gasoline prices at the pump.
U.S. refiners and gasoline importers must generate or buy RINs to comply with EPA rules …

Credit card processing at CanAmPay payment solutions

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Apply for your application today. 
To get a merchant account, you must go through an application process to assure your business is qualified and to assume this responsibility.  CanAmPay has succeeded with their clients for a decade now and been the driving force behind their clients success.
Applying for a merchant account is similar to applying for a business bank account or loan.
CanAmPay evaluates each application to assure the company and owner do not have unresolved issues with past merchant accounts.  Discrepancies in the your documents, extended truths will not produce a successful application, however pointing out where you went wrong the last time might make you successful the second time around.
CanAmPay is an extension of what the banks demand for a successful application.  CanAmPay matches the client with a bank worldwide and has been successful at this for 10 years now.
eComTechnology is a registered ISO/MSP for BMO Harris Bank, N.A., Chicago, IL., and Wells Fargo Bank, N…

Zapp has struck a deal with WorldPay

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Zapp Mobile (Photo credit: Wikipedia)Zapp has struck a deal with WorldPay that will see its mobile payments system made available to thousands of merchants, including big names such as WH Smith and McDonald's, from next year. Set up by VocaLink earlier this year, Zapp is promising to bring real-time mobile payments - in store, online and through apps - to millions of Brits by linking their bank accounts and phone numbers.

Banks who agree to take part in the service (Zapp says it is in advanced talk with five of the six major high street players) will integrate the system into their mobile apps and then invite customers to opt in.

Then, at participating retailers, users shopping on their phone or tablet who click the pay by Zapp button will be taken to their mobile banking app, where they will be shown their account balance before being asked to confirm the transaction.

On a desktop or in-store, the payment terminal or browser will generate a six digit Zapp code which the user enter…

Societe Generale, France's No. 2 listed bank, is exploring the sale of its Asia private banking arm

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English: Societe Generale logo (Photo credit: Wikipedia) Societe Generale, France's No. 2 listed bank, is exploring the sale of its Asia private banking arm, people familiar with the matter told Reuters, seeking to exit a market where small managers are getting hit by rising costs and competition.
The Singapore-based division could fetch around $600 million, the people familiar said, though the actual sale price has yet to be determined and may exceed that figure. The sources declined to be identified as the discussions are confidential.
A Paris-based spokeswoman for SocGen declined comment.
SocGen is the third major global financial institution to seek to sell its Asian wealth arm in the last five years, as the region's surging tide of millionaires and billionaires have posed a challenge to smaller private banks, which lack the asset base to compete with large global players and local upstarts.

According to the 2013 Capgemini/RBC Wealth Report, Asia Pacific is expected to be …

High risk credit card processing for pharmacy

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Apply for High Risk Merchant Account Services today. CanAmPay merchant accounts - High Risk Credit Card Processing .
CanAmPay merchant account credit card processing services to businesses, working with not only traditional businesses but high risk and high volume businesses as well. CanAmPay is established with many International Business and Banking Services and will match your company with a Bank worldwide.
In order to provide the most effective and efficient credit card payment processing solutions to our merchants, we operate various business units dedicated to industry segments while working closely with our providers to determine which of the varied services in the market are best suited to their business needs. Some of our accepted businesses:
ADULT, PHARMACY, GAMING, TRAVEL SERVICES, MULTI-CURRENCIES, HIGH AVERAGE TICKETS, CREDIT/DEBT COLLECTIONS, POOR CREDIT, ELECTRONICS, MAIL ORDER, TELEPHONE ORDER, HIGH RISK, HIGH VOLUME, TIMESHARES, REAL ESTATE, HERBAL SUPPLEMENTS, FINANCIAL …

Everybody is busy

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We're all just so "busy" these days. "Slammed" in fact. "Buried." Desperately "trying to keep our heads above water." While these common responses to "How are you?" seem like they're lifted from the Worst Case Scenario Handbook, there seems to be a constant exchange, even a a one-upping, of just how much we have on our plates when we communicate about our work.

My favorite "busy" humble-brag was that of a potential client who apologized for lack of communication due to a "week-long fire drill." What does that even mean? Does this mean there were fake fires, but not real ones, all week? Does calling it a "drill" mean that everything is okay? Is your business in flames? Should I call someone?

Then there was the date I had with a fellow who was so busy "crashing on deadlines" that he asked me to "just make a reservation somewhere" for him. I was floored.

So much of this is about …

U.S. television broadcasters won a significant court battle

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Image via CrunchBaseU.S. television broadcasters won a significant court battle when a federal judge shut down an online television service in most parts of the country until a lawsuit on the issue is resolved.
FilmOn allows users to watch live television on their computers or mobile devices by streaming local news broadcasts and national television programs.
Twenty-First Century Fox Inc, Walt Disney Co's ABC and other networks sued FilmOn in May, claiming the service pays no licensing fees and is stealing their copyrighted content.
The broadcasters are likely to succeed on their claims that FilmOn violates their exclusive rights to their copyrighted television programming, said U.S. District Judge Rosemary Collyer of Washington, D.C.
The case, and others like it, are being closely watched by the television industry because services like FilmOn threaten the traditional broadcast model and broadcasters see them as a challenge to their ability to control subscription fees and generat…

Enbridge still cleaning up Kalamazoo after three years

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Enbridge pipeine marker (Photo credit: Environmental Defence) Three years after an Enbridge pipeline ruptured and spilled 3.3 million litres of oil into Michigan's Kalamazoo River, the company is still cleaning up and learning lessons about the way diluted bitumen behaves in fresh water.
The biggest lesson, simply put, is that bitumen sinks.
"Everybody learned from this incident about what we can do differently. Every one of us, from the regulators, to the contractors, to ourselves, have come away from this saying, 'I know what I would do differently the next time,'" explained Leon Zupan, Enbridge's chief operating officer.
The U.S. Environmental Protection Agency has ordered Canada's largest pipeline company to return to the river to dredge areas where the agency believes remains of the heavy bitumen fossil fuel have collected. The March 2013 order came nine months after most of the 56-kilometre stretch of the river affected by the spill was reopened to …

Apple Inc liable for conspiring to fix e-book prices

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A U.S. judge who found Apple Inc liable for conspiring to fix e-book prices entered an injunction on Friday to bar the iPad maker from further antitrust violations.
U.S. District JudgeDenise Cote in Manhattan said Apple could not enter into agreements with five major U.S. publishers that would impede its ability to reduce e-book retail prices or offer price discounts.
The judge also said she would appoint an external monitor to review Apple's antitrust compliance policies, procedures and training for two years.
The terms of the judgment will expire after five years, but Cote's order allows for extensions in one-year increments if necessary.
The injunction followed a July 10 ruling by Cote finding Apple conspired with five publishers to undermine e-book pricing established by the dominant retailer in the market, Amazon.com Inc.
The five publishers, all of which have settled with regulators, include Lagardere SCA's Hachette Book Group Inc, News Corp's HarperCollins Publis…

PetroChina deepening corruption scandel

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PetroChina (0857.HK) (601857.SS) has tightened control over its managers and stepped up safety inspections to ensure the "shock" from a deepening corruption scandal doesn't disrupt the global operations of the Chinese energy giant, officials told Reuters.
So far there have been no reports of operational problems or signs PetroChina is backing out of any deals or tenders in the wake of the investigation, which has implicated five former senior executives at PetroChina and its parent company, including ex-chairman Jiang Jiemin, in the past 10 days.
PetroChina's operations span the globe, from oil production facilities and pipelines to refineries and petrochemical projects. Its market capitalization of $232 billion makes it one of the world's most valuable oil firms.
"This is an extraordinary period. PetroChina is afraid this incident will affect normal production," said one senior PetroChina official who declined to be identified because he was not author…

Chesapeake Energy Corp to drop fracking leases in New York States

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Chesapeake Energy Corp (CHK.N) will finalize an agreement next week to drop about 12,000 acres of land leased for energy drilling in New York state, as a moratorium on fracking continues into its sixth year.
Reuters reported last month that Chesapeake decided to walk away from about 100 leases in Broome and Tioga Counties in the south of the state, ending a two-year legal battle with landowners who wanted to cancel expired leases or renegotiate for better terms.
Lawyers representing Chesapeake said in a letter to the U.S. Court of Appeals for the Second Circuit on Tuesday that they were in the final stages of negotiating a settlement and that a deal is expected to be made official next week.
Lawyers representing landowners confirmed the impending agreement.
"Assuming there are no objections, we should sign the stipulation of settlement sometime next week," said Scott Kurkoski, a partner at Levene Gouldin & Thompson, who has sent the final settlement to his landowner clien…

Unpaid intern hell: overtime, tuition fees

high risk credit card processing

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Apply for your application today.
Applications for High Risk Pharmacy Merchants.
To get a merchant account, you must go through an application process to assure your business is qualified and to assume this responsibility. eComTechnology has succeeded with their clients for a decade now and been the driving force behind their clients success.
Applying for a merchant account is similar to applying for a business bank account or loan.
eComTechnology evaluates each application to assure the company and owner do not have unresolved issues with past merchant accounts. Discrepancies in the your documents, extended truths will not produce a successful application, however pointing out where you went wrong the last time might make you successful the second time around.
eComTechnology is an extension of what the banks demand for a successful application. eComTechnology matches the client with a bank worldwide and has been successful at this for 10 years now. eComTechnology is a registered ISO…