RSS Feed

Calendar

September 2012
M T W T F S S
« Aug   Oct »
 12
3456789
10111213141516
17181920212223
24252627282930

Search

Tag Cloud

Archives

The Economist (September 29)

2012/ 09/ 30 by jd in Global News

“Growth at last appears to be returning to Britain’s economy…. The squeeze on real take-home pay is easing as inflation falls and wages edge up. Business surveys suggest activity is picking up…. which suggests the current quarter will see a positive figure for GDP growth.” In 2009, the UK experienced a “false dawn.” With “countless threats to renewed recovery,” leaders should avoid choking this recovery to make up for revenue shortfalls.

 

Advanced Trading (September 27)

2012/ 09/ 29 by jd in Global News

Despite several major incidents upsetting markets, “U.S. regulators have been slow to act” to regulate high-frequency trading. Germany, Canada, Australia, the EU and other countries, however, are moving ahead. Approaches include transaction fees and minimum time requirements before orders can be cancelled. These countries “think that by acting now, they can protect their markets against the types of technological disruption we’ve seen here. Let’s wait and see if it works.” High-frequency trades now account for 65% of U.S. stock trading and 45% of European stock trading.

 

CFO.com (September Issue)

2012/ 09/ 28 by jd in Global News

“For the second straight year, corporate directors view reputational
risk as their chief concern, aside from financial risk.” The results are based on a survey by EisnerAmper LLP, which found “66% of 193 directors see reputational risk as their top concern, compared with 59% who named regulatory risk.”

“For the second straight year, corporate directors view reputational
risk as their chief concern, aside from financial risk.” The results are based on a survey by EisnerAmper LLP, which found “66% of 193 directors see reputational risk as their top concern, compared with 59% who named regulatory risk.”

 

USA Today (September 26)

2012/ 09/ 27 by jd in Global News

The SEC should curtail high-frequency trading, which breeds insanity. Traditional investors act “based on a belief that a company will prosper and that its price will rise, or… on the opposite belief.” High-frequency traders do not care “a whit about a stock’s fundamentals” they simply “buy and sell individual stocks multiple times in a fraction of a second, all in search of micro-profits with each trade.” This increases the risk of yet another flash crash. “These practices undermine the core purpose of markets, which is to raise capital in pursuit of enterprise, profit and economic growth.” The SEC should “slap a small transaction tax on rapid trades, impeding the practice and returning markets to their core purpose…. The only people harmed would be those now putting everyone else at risk.”

 

Wall Street Journal (September 25)Wall Street Journal (September 25)

2012/ 09/ 26 by jd in Global News

India is “taking steps to protect itself from Chinese encroachment, part of which involves the military. Like China, India too is launching a new aircraft carrier and there’s the danger the two navies will increasingly rub against each other. It’s an open question whether the two nations can manage these tensions and avoid spilling over into armed conflict.”

 

Chicago Tribune (September 24)

2012/ 09/ 25 by jd in Global News

First Harry, then Kate…Britain’s Royal flesh scandal drags on. Now the Royals are fighting the pictures in court: a futile prospect in the Internet age. “We can recommend a far simpler remedy for modest, camera-shy royals: When you’re anywhere that an unnoticed camera might be present, keep your clothes on. If you can’t do that, make sure to smile — and use sunscreen.”

 

New York Times (September 22)

2012/ 09/ 24 by jd in Global News

The U.S. should ease sanctions on Burma. Opposition leader Aung San Suu Kyi has urged this course and Burma has made real achievements. “Myanmar’s democratic progress has been substantial….Still, there is reason to be on guard against backsliding toward authoritarianism.”

 

The Economist (September 22)

2012/ 09/ 23 by jd in Global News

“A century ago in Europe, years of peace and globalisation tempted leaders into thinking that they could afford to play with nationalist fires without the risk of conflagration. After this summer, Mr Xi and his neighbours need to grasp how much damage the islands are in fact causing. Asia needs to escape from a descent into corrosive mistrust. What better way for China to show that it is sincere about its peaceful rise than to take the lead?”

 

Financial Times (September 21)

2012/ 09/ 22 by jd in Global News

Concern is dampening initial celebration over the third quantitative easing (QE3) program, which was announced by Federal Reserve Chairman Ben Bernanke last week. This monetary program is not a substitute for a proper fiscal solution. QE3 is neither a “free lunch,” nor without risk. Still, “Mr Bernanke has shown commendable bravery in compensating for Congress’s inaction. But his aggressive policy stance will not work forever. US politicians would be foolish not to use wisely the time the Fed has bought them.”

 

CFO.com (September Issue)

2012/ 09/ 21 by jd in Global News

U.S. commitment to global accounting-standard convergence has been called into doubt. The final staff report of the Securities and Exchange Commission (SEC) ”expresses hesitation about merging international standards and U.S. GAAP.” The 137-page report, which has yet to be approved by the SEC, “made it clear that putting the IASB in the driver’s seat would be out of the question.” The report surprised some “financial reporting mavens who expected the SEC staff to move further toward convergence.” Instead, that goal is now “a little more remote.”

U.S. commitment to global accounting-standard convergence has been called into doubt. The final staff report of the Securities and Exchange Commission (SEC) ”expresses hesitation about merging international standards and U.S. GAAP.” The 137-page report, which has yet to be approved by the SEC, “made it clear that putting the IASB in the driver’s seat would be out of the question.” The report surprised some “financial reporting mavens who expected the SEC staff to move further toward convergence.” Instead, that goal is now “a little more remote.”

 

« Older Entries

[archive]