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Canada leads the world in companies and individuals that have been banned by the World Bank from contributing to international aid and infrastructure projects. Of the 608 companies and individuals listed on the World Bank's just-released blacklist for fraudulent or corrupt conduct, 119 are Canadian companies. But engineering firm SNC-Lavalin and its subsidiaries, many of which are registered outside Canada, comprise 16 per cent of the total. The World Bank bans companies from participating in aid and development contracts if they "have been sanctioned under the Bank's fraud and corruption policy." The number of companies included on that list soared in 2013, rising from only 65 banned entities on last year's list, according to the South China Morning Post. The World Bank says about $40 billion of the roughly $200 billion it has given out since 2008 has been stolen. Companies with head offices listed in Canada, which does not include overseas subsidiaries, comprise 119 names on the World Bank list, the most of any country. The U.S. is second with 44 debarred firms, Indonesia third with 43 and Britain close behind with 40. The grounds for getting blacklisted vary, but usually include some manner of bribery, fraud, collusion, coercion or obstruction either in bidding for contracts or in carrying them out. More Economic News: http://www.good.is/posts/canada-leads-world-bank-blacklist-of-fraudulent-companies-thanks-to-snc-lavalin http://ireport.cnn.com/docs/DOC-1042164

Canada leads the world in companies and individuals that have been banned by the World Bank from contributing to international aid and infrastructure projects. Of the 608 companies and individuals listed on the World Bank's just-released blacklist for fraudulent or corrupt conduct, 119 are Canadian companies. But engineering firm SNC-Lavalin and its subsidiaries, many of which are registered outside Canada, comprise 16 per cent of the total. The World Bank bans companies from participating in aid and development contracts if they "have been sanctioned under the Bank's fraud and corruption policy." The number of companies included on that list soared in 2013, rising from only 65 banned entities on last year's list, according to the South China Morning Post. The World Bank says about $40 billion of the roughly $200 billion it has given out since 2008 has been stolen. Companies with head offices listed in Canada, which does not include overseas subsidiaries, comprise 119 names on the World Bank list, the most of any country. The U.S. is second with 44 debarred firms, Indonesia third with 43 and Britain close behind with 40. The grounds for getting blacklisted vary, but usually include some manner of bribery, fraud, collusion, coercion or obstruction either in bidding for contracts or in carrying them out. More Economic news: http://hendrengroup.biz/blog/ https://www.facebook.com/hendrenglobalgroup?ref=hl http://hendrengrp.livejournal.com/

Advanced Global Trading, a Dubai-based company selling voluntary carbon credits to retail investors, has been accused of being either a boiler room scam or Ponzi scheme by a website which writes about emissions and deforestation. The article is written by Chris Lang founder of the website Redd-Monitor.org, which provides "news, views and analysis about reduced emissions from deforestation and forest degradation". Carbon credits, of which there are two types - voluntary emission reductions and certified emission reductions, are certificates which represent a company's right to emit one tone of carbon dioxide and can be traded for money legitimately. However, there has been a history of them being traded illegitimately. In the UK, the Financial Conduct Authority (or Financial Services Authority as it was at the time) has previously warned investors to be wary of unsolicited approaches to purchase the investments. In a statement, which is still available on the old FSA website alongside further information about the scam, it said: "Carbon credits can be sold and traded legitimately and there are many reputable firms operating in the sector. "However, we are concerned that an increasing number of firms are using dubious, high-pressure sales tactics and targeting vulnerable consumers." In the article, published last month on Redd-Monitor.org, Lang suggests that AGT is artificially inflating the price of the carbon credits it trades by selling them to new customers, much like a traditional Ponzi scheme. The company makes its money by taking a commission on each transaction so will continue to make money as long as new investors continue to buy carbon credits from existing investors. More: http://rnzmoore.deviantart.com/art/Hendren-Global-Group-International-News-Review-377394831 http://www.slideshare.net/aetherphanes/hendren-global-group-article-code-81345798450-hgg-beware-of-20-percent-returns-5-ways-to-separate-superior-performance-from-salesmans

The figure of Americans applying for unemployment benefits surprisingly cut down last week, signifying an upturn in the labor market. This could be very fastidious news. If the economy will continue to rise, possible revival will soon be realized. At some point recovery seems implausible but turn of events is favoring us and results are even enthralling. Early reports from the Labor Department said on Thursday, state unemployment benefits fell 7,000 to a seasonally adjusted 340,000, waning for a second straight week. The preceding week's claims number was altered to demonstrate 3,000 more applications received than earlier reports. According to Reuters' poll, economists had expected first-time applications to mount to 355,000. The four-week inconsistent average for new claims, an improved measure of labor market trends, also fell 7,000 to 348,750 pointing to some firming in underlying labor market conditions. Since March 2008, this has been the lowest number. No states had been estimated and there were no special factors influencing the report, says a Labor Department analyst. According to a Reuters' survey of economists, employers probably added 160,000 jobs to their payrolls last month, a small pick-up up from January's 157,000 count. That would just be enough to hold the jobless rate steady at 7.9%. The figures due on Friday have no bearing on February's employment report as it falls outside the survey period. Economists claim job increases of about 250,000 per month over a constant period are needed to significantly change the ranks of the unemployed. Job escalation averaged 200,000 in the last three months. Companies have no plans hiring domestic demand remains lackluster even though layoffs decreased. Claims stay pushed in the low end of a 330,000 to 375,000 range for this year. Federal Reserve last year to launch an open-ended bond buying program because high unemployment provoked them. The U.S. central bank said it would keep up the program until t

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http://ademaslan988.buzznet.com/user/journal/17329985/hendren-global-group-top-facts/ Fraud prevention is very important to big or even smaller businesses. Self-storage industry is beginning to be affected by cybercrime and it is becoming a big problem. This can be prevented through effective training and education to make owners and managers aware of the developing problem. Same methods that were already adapted by cybercriminals to target other industries and some of the same methods used to defraud businesses before digital age can be used against our industry. Small- to medium-sized businesses are in more risk than ever unlike before that only the most high-profile cybercrime cases involves child victimization or Russian spies. Although large corporations have the most up to date protection of their systems they always tune it up because they still have been fighting online fraud for many years. This is why smaller outfits (family-owned self-storage facilities or even smaller chain operations) should be vigilant to what is happening in the cyber underworld as well. Larger companies stronger defense made cybercriminals turn to smaller businesses as their victims. These smaller outfits only have a small IT staff or sometimes none at all, making them an easier target. What they should be doing is to start teaching themselves of the latest scams and methods of today's digital thieves. Criminal Minds and Methods. Cyber thieves use many various techniques to trick their victims. Cyber criminals have the reputation that they large affect large bank because "that's where the money is." What self-storage owners and managers should know is that these cyber criminals are now also targeting their industry. Now also seen on self-storage industry is the some same methods used to target the broader real estate industry. Even if there are few self-storage attacks that were known to public, in general small organizations is now cyber thieves target preys. Related Po

hendren global group stock fraud watch Any doubt over who calls the shots at Britain's part-nationalised banks has been dispelled by the fate of Stephen Hester. The RBS chief executive has been forced out at the behest of George Osborne. Forget the arms-length paraphernalia of the UKFI holding company. When ministers want the bailed-out banks to do something, they do it. That's as it should be, since the state (not the "taxpayer" as the media constantly intones) currently owns 81% and 39% of RBS and Lloyds TSB respectively. The problem is what they want to do with them - which is sell them off fast, regardless of the loss to the public purse or the damage to the economy. The chancellor is driven by a mixture of unbending ideology and raw electoral calculation. He and David Cameron are determined to start the largest privatisations in Britain's history by the end of 2014 - just in time for a 2015 election. The idea is to engineer a "Tell Sid" 1980s-style Thatcherite handout to the right kind of voters, while ensuring that the heresy of publicly owned banks is consigned to the nightmares of the 2008 market meltdown. Hester, who now stands to pocket an extra £5.6m after more than 40,000 RBS workers have lost their jobs, was insufficiently gung-ho for the scale of early sell-off Osborne regards as critical to Tory fortunes. His successor will get the message. Next week Osborne is expected to set out the kind of discounts he plans to offer for Lloyds shares. He's also toying with the rightwing thinktank Policy Exchange's plan for a wider share giveaway. For the Tory leadership, it's a trade-off between the appearance of a public windfall and the risk of being seen again to stuff the pockets of the better-off as living standards plummet. In reality, it will be a fraud against the public and an attack on genuine economic recovery. The Brown government paid well over the odds to prevent the collapse of RBS and Lloyds in 2008. Now, Cameron and Osborne show every sign of