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$ Why Every Finance Professional Needs a Degree in Big Data (31/7/2013)

McKinsey & Co . estimates that by 2018 there will be up to 190,000 unfilled data-scientist jobs in theU.S. and an unfilled need for 1.5 million managers with analytical skills they can apply to their line jobs. That skills shortage emerges in many pockets of business.

Wielding Finance, Innovation And Policy To Make An Impact In Climate Change

I managed to catch up with Vikram Widge, Head of Climate Finance and Policy at the International Finance Corporation to discuss the combination of finance, innovation and policy working together to make impact in climate change. FORBES ASIA: What are the major bottlenecks to larger flows of investment into sustainable infrastructure in developing and emerging countries? Widge: There are 2 main challenges. First, developing and emerging economies need to develop investment-grade policy frameworks that generate a strong pipeline of bankable green growth projects. This can be done through enacting national targets supported by regulatory frameworks and predictable incentives.

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$ Personal finance lessons from the Detroit bankruptcy (31/7/2013)

Cache Announces New Credit Facility with Wells Fargo Capital Finance

Much like Detroit,the solution is to carefully evaluate how your money is being spent and come up with a plan for fixing things.Detroits plan might involve cutting pensions or selling some city assets. Your plan might involve cutting back on spending or selling some of the items in your closet. This touches on another aspect of Detroits bankruptcy that people everywhere should be thinking about:your pensions are not golden, even if youre employed by a government or other public-sector employer.You should not be planning your retirement based on your pension being available for 40 years. Its just not a good plan. If you are in that situation, I highly recommend taking some of your income and banking it for future years.

WhiteHorse Finance, Inc. to Report Second Quarter 2013 Financial Results

We look forward to building a long term relationship with Cache. About Cache, Inc. Cache is a nationwide, mall-based specialty retailer of sophisticated sportswear and social occasion dresses targeting style-conscious women who have a youthful attitude and are self-confident. The Company currently operates 250 stores, primarily situated in central locations in high traffic, upscale malls in 41 states, the Virgin Islands and Puerto Rico. Certain matters discussed within this press release may constitute forward-looking statements within the meaning of the federal securities laws. Although Cache, Inc.

About WhiteHorse Finance, Inc. WhiteHorse Finance, Inc. is a business development company that originates and invests in loans to privately held small-cap companies across a broad range of industries. The Companys investment activities are managed by its investment adviser, H.I.G. WhiteHorse Advisers, LLC, an affiliate of H.I.G.

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$ A quick-and-dirty guide to the housing finance reform battle (30/7/2013)

Cache Announces New Credit Facility with Wells Fargo Capital Finance

Do people in his district pay any attention to what hes doing? Because hes basically advocating for homeownership for the rich only. The National Association of Home Builders, who are interested in ensuring that as many people can buy new homes as possible, shares consumer advocates concerns . By simultaneously leaving all federal support for housing to FHA, and then by greatly reducing the overall scope and reach of FHAs programs, the PATH Act would greatly limit homeownership and rental housing opportunities for many financially responsible and qualified Americans, said CEO Jerry Howard. Conservatives and libertarians, like the American Enterprise Institutes Peter Wallison and Mark Calabria of the Cato Institute , love the bills plan to take the government out of the mortgage business, and say that the private market will step in to replace it.

GE Capital Retail Finance Celebrates 80 Years of Consumer Financing

The Company currently operates 250 stores, primarily situated in central locations in high traffic, upscale malls in 41 states, the Virgin Islands and Puerto Rico. Certain matters discussed within this press release may constitute forward-looking statements within the meaning of the federal securities laws. Although Cache, Inc. believes the statements are based on reasonable assumptions, there can be no assurance that these expectations will be attained. Actual results and timing of certain events could differ materially from those projected in or contemplated by the forward-looking statements due to a number of factors, including, without limitation, our ability to successfully implement our business strategy and to integrate new members of management, industry trends, merchandise and fashion trends, competition, seasonality, changes in general economic conditions and consumer spending patterns, as well as other risks outlined from time to time in the filings of Cache, Inc.

Serb Leaders to Discuss If Finance Chief Stays in Cabinet

Beyond the eight decades of consumer financing expertise, we bring innovative solutions to our clients, including deep industry knowledge, marketing and analytic capabilities, and tools that help them enhance sales and service. As it has for the past 80 years, GE Capitals Retail Finance business continues to: Provide billions of dollars in consumer financing through major retailers and more than 200,000 small- and mid-sized businesses throughout the United States. Serve business owners across nearly 20 industries, including apparel, appliances and consumer electronics, art, automotive aftermarket, home furnishings, elective healthcare, floor covering, home improvement, jewelry, music, online retailers, outdoor power equipment, powersports, sporting goods, and many others. Support clients with proprietary online technology such as BusinessCenter, which includes service, marketing and sales tools, as well as Learning Center, providing businesses with access to comprehensive training for their teams on consumer financing. Expertise and comprehensive account support is provided in the areas of customer service, collections, payment processing, sales and client development, information technology, risk, marketing, finance and quality.

The coalition has promised to continue the Balkan countrys fiscal consolidation, resume talks with the International Monetary Fund and the World Bank and integrate faster into the European Union. Dacic has been trying to boost the economy, which has fallen into recession twice in the past three years, leaving a quarter of the nations workforce without jobs. Budget Deficit The budget deficit is expected to top at least 6 percent of gross domestic product this year, down from 7.3 percent in 2012. The current-account deficit will reach 8.7 percent of GDP according to IMF forecasts. Monetary policy makers are balancing the need to shore up Serbia s $37 billion economy against fighting inflation and shielding the dinar from market turmoil.

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$ Personal finance lessons from the Detroit bankruptcy (30/7/2013)

Serbian PM says told coalition that finance minister should go

Much like Detroit,we can face suffocating debt.Detroit has interest payments on $11.5 billion in unsecured debt. Many people in financial peril are facing interest payments on student loans, mortgages, car loans, credit card debt, and so on. Much like Detroit,the solution is to carefully evaluate how your money is being spent and come up with a plan for fixing things.Detroits plan might involve cutting pensions or selling some city assets. Your plan might involve cutting back on spending or selling some of the items in your closet. This touches on another aspect of Detroits bankruptcy that people everywhere should be thinking about:your pensions are not golden, even if youre employed by a government or other public-sector employer.You should not be planning your retirement based on your pension being available for 40 years.

Sole Commissioner The Sole Commissioner indicated that the attorney who handled the case was Anna Pearl Akiwumi Sireboe and wondered why she was not asked to appear before the commission. He said Sireboe wrote something about the case and, therefore, she would have been in a better position to answer questions than you. Counsel for the commission was also surprised that Mrs Dankyi was asked to come because the subpoena made a request for the Solicitor General herself and the State Attorney who conducted the matter. Mr Justice Apau said the commission had some pressing questions because during the initial stages of the matter, Mr John Kwabena Danomah and Mrs Rosemond Danomah represented the family by going to see Totoe Legal Services for them to serve notice of intention to commence an action. But when it came to the payment, somebody else, Seth Adjei Yeboah, came in and made a statutory declaration indicating that the money should not be paid through the lawyers who wrote to the AG, but it should be paid to him. he said.

Weil's Views on Finance

Dinkic's departure from the year-old government would likely unnerve investors worried about Serbia's growing budget gap and public debt, which have all but scuppered hopes of a new precautionary loan deal with the International Monetary Fund. "This is very bad timing given that global markets are still quite nervous and I think still there's a bit of a question about the budget financing story anyway," Standard Bank analyst Timothy Ash told Reuters. "I don't think Dinkic himself was absolutely central but his participation and his party's participation in the coalition was important to counterbalance the center-left Dacic," he added. Without URS's 16 seats, the remaining coalition parties would still hold a slim majority in parliament. Weeks of fraught negotiations over the reshuffle have raised the risk of a snap election that would almost certainly delay the start of European Union membership talks scheduled for January.

Democrats File Complaint Over Stanzione's Campaign Finance Report

Who knows? Even if the bribery claims were all false, it wouldnt be a shock to find out that a huge Western company copped a plea to mollify the Chinese authorities and make sure its business there didnt suffer major interruptions. The beatings will continue until Sonys stock price improves Its always fun to read Dan Loebs letters to investors at his hedge fund Third Point, especially when hes in activist mode. Commenting on Sonys entertainment division, the fund says it remains poorly managed, with a famously bloated corporate structure, generous perk packages, high salaries for underperforming senior executives, and marketing budgets that do not seem to be in line with any sense of return on capital invested. Give Loeb credit for trying to do something about it. Third Point bought its Sony stake earlier this year.

Finance Director Jerry Apple Battled Cancer, But Kept Working

Posted by Taylor K. Vecsey (Editor) , July 29, 2013 at 07:32 PM Dominick Stazione Credit: Michael Heller Loading... Next Previous Slideshow Download While Democrats question Republican Town Councilman Dominick Stanzione's latest campaign finance reporting, Stanzione said it's a mistake he is already taking steps to correct. The Friends of Dominick Stanizione, the councilman's re-election campaign committee, filed a finance report by the July 11 cutoff that claimed " no activity " for the past six months. Stanzione was the treasurer for the committee.

Business Finance Store President to Speak at Beauty, Brains, Business Convention this Aug. 15-17

15-17 July 30, 2013 -- Santa Ana, CA (PRWEB) July 30, 2013 As advocates for the growth of small businesses everywhere, Business Finance Store President Tim McCormack, and Director of Finance Grey Nguyen will be speaking at this year's Brains, Beauty, Business Convention in Irving Tex. this August 15-17. As the President of Business Finance Store, Tim McCormack is passionate about empowering small business owners through funding, resources and education. As the Director of Finance, Grey Nguyen has his finger on the pulse of small business lending and financing in 2013. Called the Bank Insider by industry peers, he is tapped into a vast network of bankers and commercial funding sources.

?Finance Ministry paid GHc42,000 to Danomah?s family?

"He really put the city first. His integrity was second to none," Roth said. Both Roth and Apple were elected to City Council in 1995. In 2003, Apple ran for finance director.

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$ Big finance is strangling innovation (30/7/2013)

Oh for the simplest solution in finance

Good jobs, the health of the overall economy and society, growing incomes for the poor and middle classall of these things have been put aside in the quest for more financial profits. The game is unsustainable. And its turning out badly. To get the economy humming, argues Lazonick, you want to fuel the kind of growth that allows people to enjoy higher living standards. You want an economy that is stable and allows everyone to share in prosperity.

D.C.?s campaign finance laws need reforming

They would like to be able to borrow money when needed, and they would like to remove uncertainty hedge, if you like when it comes to planning and forecasting cash flows and budgets. These uncertainties arise essentially in the field of interest-rates and FX rates. The product range does widen out of course manufacturing companies may wish to protect against a rise in the cost of raw materials, much as airlines may wish to hedge against rising cost of aviation gasoline but pretty much that's it. The above describes almost all of the financial market needs of most companies.

Editorial Board New outbreaks erupt in Somalia and Kenya. The board deferred action after referring the matter to the U.S. attorneys office. That investigation resulted in Mr. Browns resignation as council chairman after he pleaded guilty to a misdemeanor charge of violating a city campaign statute and to felony bank fraud unrelated to the campaign.

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$ Finance Minister Releases SAGE Interim Report (29/7/2013)

debt Even as I speak, Im not sure I can tell you exactly how many people are currently employed in the Bermuda Government. As a result of these findings, we make the following interim recommendations, and there are six of these: 1. The Bermuda Government should act immediately on its policy of mandatory retirement at age 65. 2.

Serbian finance minister cedes economy brief, averts risk of snap poll

Dinkic said he would remain as finance minister, while the economy portfolio would go to the SNS, Serbia's biggest party, paving the way for a fuller cabinet reshuffle. Dinkic had previously resisted splitting up his ministry, but Prime Minister Ivica Dacic warned on Saturday that the coalition would go on without him if he did not. Financial markets seem likely to welcome Dinkic's continued presence in government. He has slowed the rate of increase of Serbia's budget deficit and public debt, which had ballooned to all but scuppered hopes of a new precautionary loan from the International Monetary Fund. Dacic's Socialists and the nationalist Progressive Party (SNS), the two biggest parties in the alliance, had already agreed to reshuffle their ministers.

Taiwan Replaces Finance, Defense Chiefs

Jiang said. Earlier this month, more than 30,000 people marched in the streets of Taipei protesting against the Ministry of National Defense over a 24-year-old army conscript Hung Chung-chiu who died on July 4. Mr. Hung died after being ordered to perform excessive physical activity as punishment for what his family said was an attempt by his superiors to prevent the corporal from going public on allegedly questionable behavior in his unit. President Ma Ying-jeou apologized for the death and vowed to mete out "severe" punishment for the officers involved.

Finance minister advocates benefits of smartcard system

The new subsidy cards system aims to curb petroleum smuggling, which caused government revenue losses amounting to 30% of the subsidies budget. This is to be achieved through better oversight of supply facilities and transportation of petroleum materials, the statement read. The project is also aimed at restructuring the fuel subsidy system, which is costing Egypt billions of pounds, officials said. The project will also seek to establish a more accurate system of financial settlements between the ministries of finance and petroleum, in order to ascertain the exact daily fuel usage by station so that the government can allot an appropriate subsidy.

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$ Personal finance lessons from the Detroit bankruptcy (29/7/2013)

RPT-Fitch Updates Criteria for Servicing Continuity Risk in Structured Finance

The city is holding $11.5 billion in unsecured debt, the repayment of which has the city in such a deep financial hole that they cant keep up with the basic maintenance of the facilities they already have. Trent Hamm The Simple Dollar is a blog for those of us who need both cents and sense: people fighting debt and bad spending habits while building a financially secure future and still affording a latte or two. Our busy lives are crazy enough without having to compare five hundred mutual funds we just want simple ways to manage our finances and save a little money. Recent posts The Christian Science Monitor Weekly Digital Edition For those of us who have reached a financial low point in our lives, this sounds pretty familiar.

Weak Earnings Growth Outside Finance

The southern German town of Schwaebisch Gmuend started the scheme on Monday for nine asylum seekers to help passengers get up a steep flight of metal steps erected at the station due to construction work. ... While Pnoy and Japanese PM meet, Lolas cry for justice VERA Files - The Inbox Text and photos by Johnna Villaviray-Giolagon, VERA Files There were six of them, all in their 80s. They walked in a shuffle careful about balance. Accompanied by supporters, they braved the heat of the morning sun to knock on the Continue reading To help the country, tell the truthLacaba VERA Files - The Inbox By Elizabeth Lolarga, VERA Files Photos by Dario Noche Jose Lacaba had a lucky break in journalism in the '60s when he found himself working with writing icons Quijano de Manila (Nick Joaquin), Kerima Polotan, and Wilfrido Nolledo.

That said, the earnings growth picture outside of Finance is very weak. Expectations for the coming quarters represent a material acceleration in the total earnings growth pace, as the chart below shows. Source: Zacks Data A lot of the second-half growth is expected to come from sectors outside of Finance, as the chart below of ex-Finance growth expectations shows. Source: Zacks Data My sense is that estimates need to come down in a big way.

AG Finance sets IPO price at P2.18 per share

The update does not contain any material changes and will not have any rating impact on existing transactions. No ratings will be reviewed as a result of the criteria update. The report entitled 'Criteria for Servicing Continuity Risk in Structured Finance' is available at www.fitchratings.com and replaces the previous report dated 10 August 2012. The report is available at www.fitchratings.com or by clicking on the link below. Link to Fitch Ratings' Report: Criteria for Servicing Continuity Risk in Structured Finance

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$ Muthoot Finance profit drops 21% on loan growth stagnation (28/7/2013)

Futuris? new finance boss looks forward to sale

Reuters Expenses were high on account of lenders continuing higher level of interest and administrative expenses going up with the addition of branches in the past one year, he said. The companys retail loan assets under management stood at Rs 25,848 crore as of June 30. Muthoot Finance, the Kochi-based gold financing and non-deposit taking NBFC (Non-Banking Finance Company), said it has applied to the Reserve Bank for a banking licence. Considering our network in rural and semi-urban areas and experience gained in these areasWe are ideally looking at going for next stage of growth through banking model which has its own advantages and disadvantageswe look at strongly presenting our case before the regulators, Muthoot said.

Baucus Says Finance Panel to Consider Tax Code This Year

Clarke took over from Dennis Grech at the beginning of July after the former finance boss moved on to another manufacturer in Melbourne after close to four years in the job. In parent Elders half-year results, Futuris, which mainly makes seats and interiors, recorded $5 million in earnings before interest and tax, but a statutory loss of $166 million because of impairment of intangibles. Grechs departure came soon after Elders said it was in final negotiations with a preferred bidder for the company, with a deal to be announced some time in the September quarter. The sale process is taking up about 99.9 per cent of my time and then it is just getting up to speed with all the businesses around the world, as well as the [finance] team again, Clarke says of the past month.

Reuters 3, 2015. Senator Pat Roberts, a Kansas Republican, said the Finance panel should start with miscellaneous expiring provisions and work from there as lawmakers navigate serious differences on policy. We just have to sit down and start to work, so well see, Roberts said. Its a work in progress, but its a serious work. To contact the reporter on this story: Richard Rubin in Washington at rrubin12@bloomberg.net To contact the editor responsible for this story: Jodi Schneider at jschneider50@bloomberg.net U.S.

NSW premier says finance minister is safe

Greg Pearce is said to have spent two months of his two years in the job away from home, including 18 weekends, many of them with his wife. According to documents obtained by News Corp Australia, he's forked out $22,000 on 39 trips involving 56 nights' accommodation. But Mr O'Farrell says there's no evidence Mr Pearce has breached travel guidelines. "All members of parliament, all ministers, have entitlements to travel," he told reporters in Sydney on Monday.

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$ Muthoot Finance profit drops 21% on loan growth stagnation (28/7/2013)

Finance Ministry may allow 5 pvt funds to manage pensions of govt staff

Total income declined to Rs 1,285.79 crore during the quarter from Rs 1,293.78 crore a year ago. The year-on-year decline in profits during the quarter was on account of stagnation in loan growth and lower yield on liquidated loan accounts, Managing Director George Alexander Muthoot said in a statement. Reuters Expenses were high on account of lenders continuing higher level of interest and administrative expenses going up with the addition of branches in the past one year, he said. The companys retail loan assets under management stood at Rs 25,848 crore as of June 30. Muthoot Finance, the Kochi-based gold financing and non-deposit taking NBFC (Non-Banking Finance Company), said it has applied to the Reserve Bank for a banking licence.

Reuters I needed to make sure that certain things were provided for them a roof over their head and food in their bellies, for starters. RECOMMENDED: Can you manage your money? A personal finance quiz. That experience, in many ways, parallels whats happening in Detroit. Much like Detroit,we all have basic maintenace were responsible for.Detroit has facility maintenance, while we have rent and insurance and so on. Much like Detroit,we have people relying on our hard work.Detroit has pensions and salaries for thousands of employees, while we have the safety and well-being of ourselves and those in our immediate family.

D.C.?s campaign finance laws need reforming

"We have received representation from Pension Fund and Regulatory Development Authority (PFRDA) that the government employees should have same choices of pension fund managers as is available to non-government subscribers," a source said. The Ministry is considering this proposal as there is no reason to deprive the government employees of the same choices both regarding pension fund managers and also the choice of investment pattern as is available to their private sector counterparts, sources added. Based on the decision taken, sources said, a notification will be issued shortly. Currently, there are three fund managers for managing pension corpus of government employees. They are LIC Pension Fund Ltd, SBI Pension Funds Pvt Ltd and UTI Retirement Solutions Ltd.

Personal finance lessons from the Detroit bankruptcy

Browns 2010 campaign for chairman was the subject of an audit, released this month by the campaign finance office, that showed the same problems that afflicted the earlier campaign, albeit on a smaller scale. Among the findings was the expenditure of more than $215,000 on consulting services to two companies; the committee didnt produce contracts or invoices detailing what services were provided. Also cited was the issuance of 28 checks, including seven made out to cash, totaling $92,260 by Che Brown, Mr. Browns brother, who was not authorized to write checks from the campaign fund.

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$ Why Every Finance Professional Needs a Degree in Big Data (28/7/2013)

Debt, shadow finance bedevil China?s economy

The commercial banking system was well regulated, and household savings could be channeled to businesses at fairly good rates of return. Financial institutions were relatively stable and they could help industry to produce technological advances and economic development. Up until the 1960s, most Americans understood and accepted the importance of the federal government in helping to jumpstart innovation through things like defense and aerospace spending. Some of that money got channeled through universities, and some of it was directed to large corporations, which, like GE, could bring good things to life. But in recent decades, several monkey wrenches got thrown into this system, starting in the 1960s with the trend of conglomeration, in which corporate titans built empires that gobbled up scores and even hundreds of companies. In the 1970s, as inflation grew and the Japanese economy took off, Wall Street shifted from investing to trading, and later, in the 1980s, executives came to adopt a harmful ideology known as shareholder value, which held that shareholders are the only people who deserve returns from corporations forget about the taxpayers and the employees without whose support, sweat and risk such companies would not exist.

The problem is that the amount of available data to analyze has exploded in the past five years. Until recently, there wasnt a need for Big Data specialists, because there simply wasnt the ability to organize data in a way that enabled effective decision making. Segmenting audiences and sampling opinions was the best even rigorous theorists could do. But in recent years online merchants like Netflix and Amazon demonstrated the value of using copious transaction data to treat every customer differently. Marketers began to understand they could manage reputational risk by monitoring Twitter, Yelp and even YouTube.

The financial system doesnt have a say about whom to give money to, he said. While the term shadow finance may evoke nefarious dealings done in back rooms, it is actually anything but, say experts. Markus Rodlauer, the IMFs mission chief for China, told reporters that much non-traditional finance was really innovative new forms of financial intermediation. But while they have their good sides, he said, they also have their risks.

Recent Grads: Passion Is the Secret Ingredient to Success in Finance

Others will notice your passion and feel more energized and motivated, while your managers will be more likely to help you rise through the ranks. Combine Your Skills With Your Passion Let your passion play into your skillsets. Those who are truly invested in their work are good at it and always looking to improve. Take every opportunity to grow, especially in regard to developing both technical and soft skills. This means regularly attending finance seminars and conferences, participating in professional development in the workplace, and asking for regular feedback.

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$ Yarmouth finance department could see reorganization (27/7/2013)

D.C.?s campaign finance laws need reforming

After reviewing a number of candidates for the position of finance director, and interviewing three finalists at its previous meting, the Yarmouth Board of Selectmen voted this week to hire none of them, and to begin the process of reorganizing the towns finance department instead. In presenting the new plan, Town Administrator William Hinchey told the board that the search for a new finance director had failed to reveal a candidate with all the skills and qualities necessary for the position. That failure, he said, was due more to the evolving nature of the position than to any shortcomings of the candidates. They would provide certain strengths, Hinchey said, but not the strengths wed like. Hinchey explained that the job of overseeing the various complex facets of a municipalitys finances has become increasingly technological, with expertise with complicated computer software a growing requirement of the position. Town bylaws currently stipulate that the finance director is also Yarmouths head accountant, leading to a growing confusion of duties, with a single individual being required to have great technical expertise in the minutiae of both software and numbers-crunching.

But investors on Friday shrugged off the settlement. Danielle Douglas and Steven Mufson JPMorgan Chase is looking into shedding its businesses in oil, coal, other products. More business news Schaeuble was quoted as saying its certain, however, that there will be no second debt writedown for Athens. Extracts of the interview, to be published Sunday, were released by the paper Saturday and confirmed by the Finance Ministry. With Germanys general election two months away, Chancellor Angela Merkels conservative government has been at pains to appear firm on Greeces international bailout, which is unpopular with many Germans. Last year Greeces debt was restructured with private-sector bondholders.

Report: German finance minister insists there will be no 2nd debt writedown for Greece

Both efforts seem to have been rife with infractions of the rules on collecting and spending money. Incredibly, its likely that any violations will go largely unpunished because of an enforcement system that lacks teeth or real penalties. Mr. Browns 2008 campaign was fined $53,400 in a little-noticed action June 13 by the D.C.

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$ Why Every Finance Professional Needs a Degree in Big Data (27/7/2013)

Marketers began to understand they could manage reputational risk by monitoring Twitter, Yelp and even YouTube. The access to new types of external data suddenly created a need. University graduate programs in operations research with heavy statistical analytics courses are an ideal source for the needed expertise. But they are far too small to fill the growing gap.

Old-Fashioned Regulators Miss What?s New in Finance

Simply turning back the clock wont work. Securitization -- the bundling of loans into tradable assets that can be pledged as collateral -- cant be uninvented. Even if that were possible it might not be desirable: The modern short-term funding market means cheaper and more accessible finance, which in normal times is a good thing. But, as weve learned, the costs can be colossal when things go wrong.

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$ Finance scandal: City of Miami never learns (27/7/2013)

Debt, shadow finance bedevil China?s economy

The fiscally irresponsible practice that they objected to was a standard financial practice for the city of Miami in 1995/96 and before. Unfortunately, the 1996 City of Miami Financial Recovery Plan that I formally presented to the mayor and City Commission on my last day as interim manager, when Ed Marquez was appointed city manager, never received the wide public discussion and recognition it should have. About an inch thick, the report set forth, in some detail, all the reasons why the city faced potential bankruptcy including serious management deficiencies. In addition to my recommendations, it also included specific recommendations from 43 pro bono corporate leaders and career public servants who were assigned to 12 separate task forces that embraced all aspects of the citys operations. Unfortunately, the level of mismanagement in the city extended far beyond fiscal matters, so the Miami Financial Oversight Board appointed by Gov.

In this Nov. 8, 2007 photo, George P. Mitchell poses with a statue himself at The Woodlands at Town Green Park in The Woodlands, Texas. Mitchell, Texas oil man, real estate developer, and one of Houston The yuan currency is a long way off from full convertibility, while the government maintains a tight grip on the traditional banking system, with key institutions state-owned and tightly controlled. Andy Xie, a Shanghai-based independent economist formerly with Morgan Stanley, says that while Chinas banking system may look superficially similar to those of other countries, it is fundamentally different. The financial system doesnt have a say about whom to give money to, he said. While the term shadow finance may evoke nefarious dealings done in back rooms, it is actually anything but, say experts. Markus Rodlauer, the IMFs mission chief for China, told reporters that much non-traditional finance was really innovative new forms of financial intermediation.

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$ Finance c'tee readies NIS 400b. budget for Knesset approval (26/7/2013)

Recent Grads: Passion Is the Secret Ingredient to Success in Finance

The committee increased property tax to 6% from 5%, which was agreed to in principle in earlier discussions, and lowered the maximum tax exemptions on the lottery to NIS 50 million, which is expected to net the government some NIS 10m. a year. The committee found some extra cash in its adjustment budget, a pile of cash set aside in two-year budgets to fill unexpected spending gaps. Whereas the 2010-2011 budget allotted NIS 1.6b.

Yarmouth finance department could see reorganization

That failure, he said, was due more to the evolving nature of the position than to any shortcomings of the candidates. They would provide certain strengths, Hinchey said, but not the strengths wed like. Hinchey explained that the job of overseeing the various complex facets of a municipalitys finances has become increasingly technological, with expertise with complicated computer software a growing requirement of the position. Town bylaws currently stipulate that the finance director is also Yarmouths head accountant, leading to a growing confusion of duties, with a single individual being required to have great technical expertise in the minutiae of both software and numbers-crunching. Hincheys proposed fix is to separate the positions of finance director and town accountant, which would allow the town to select from two distinct pools of specialists, rather than trying to find a single person who could handle both. It would also mean a change in the bylaw, which would in turn require a vote at the next town meeting.

Fear spread, further driving down the prices of securities, adding to the panic. It was a run, but not one that traditional financial regulation could have stopped. Legislators and regulators havent been idle lately. Theyve passed a flurry of new laws and rules.

Old-Fashioned Regulators Miss What?s New in Finance

According to Ian K. Snow, CEO and Partner of Snow Phipps, they're looking for junior employees with strong analytical, finance, accounting, and modeling skills. A sense of initiative, ability to work with others, and integrity are also highly coveted qualities at Snow Phipps. Be A Passionate Problem-Solver Staying afloat in finance means touting your problem-solving know-how. This is more than a skill--it's a work style.

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$ Recent Grads: Passion Is the Secret Ingredient to Success in Finance (25/7/2013)

US to finance feasibility study of $14bn dam

But you have a lot more to worry about than simply landing a job; you also have to learn what it takes to thrive in your career. It often comes down to one intrinsic element: passion. You either have it or you don't--it's the fuel necessary for driving your career forward, staying ahead, and ultimately finding long-term success. Recently, I spoke with Edie Hunt , Chief Diversity Officer and former Head of Talent Management at Goldman Sachs. One important aspect of our conversation was her rise through the ranks of the finance sector at a time when women were rare on Wall Street.

aPakistan welcomes the interest shown by the US Congress for its support in carrying out feasibility studies for Pakistanas flagship storage project Diamer Bhasha Dam,a Mr Dar was quoted as welcoming the US support and said the government had no objection over preparation of feasibility study of international standards to meet requirements of US laws. The official said Mr Dar sought support of the US administration in increasing the IMF bailout package to $7.3 billion. Mr Olson said the US supported the IMF programme which was an aextremely good thinga to restore confidence of the lending and investor community. He said the US administration would put its weight behind Pakistanas case for higher loan package.

Weak Earnings Growth Outside Finance

Finance results have been very strong, with total earnings for the companies that have reported results up an impressive +31.9%. Excluding Finance, total earnings for the remainder of S&P 500 companies that have reported would be down -2.8% from the year-earlier period. Finance reclaims its leadership role in the S&P 500, contributing more earnings to the indexs total than Technology this year for the first time since the 2008 crisis. The sector is expected to account for 19.2% of total S&P 500 earnings in 2013 compared to Technologys 18%. Technology earnings remain weak, with total earnings for the 78.5% of the sectors market cap that have reported results down -11.3% on +1.6% higher revenues.

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$ Recent Grads: Passion Is the Secret Ingredient to Success in Finance (25/7/2013)

US to finance feasibility study of $14bn dam

But you have a lot more to worry about than simply landing a job; you also have to learn what it takes to thrive in your career. It often comes down to one intrinsic element: passion. You either have it or you don't--it's the fuel necessary for driving your career forward, staying ahead, and ultimately finding long-term success. Recently, I spoke with Edie Hunt , Chief Diversity Officer and former Head of Talent Management at Goldman Sachs. One important aspect of our conversation was her rise through the ranks of the finance sector at a time when women were rare on Wall Street.

aPakistan welcomes the interest shown by the US Congress for its support in carrying out feasibility studies for Pakistanas flagship storage project Diamer Bhasha Dam,a Mr Dar was quoted as welcoming the US support and said the government had no objection over preparation of feasibility study of international standards to meet requirements of US laws. The official said Mr Dar sought support of the US administration in increasing the IMF bailout package to $7.3 billion. Mr Olson said the US supported the IMF programme which was an aextremely good thinga to restore confidence of the lending and investor community. He said the US administration would put its weight behind Pakistanas case for higher loan package.

Weak Earnings Growth Outside Finance

Finance results have been very strong, with total earnings for the companies that have reported results up an impressive +31.9%. Excluding Finance, total earnings for the remainder of S&P 500 companies that have reported would be down -2.8% from the year-earlier period. Finance reclaims its leadership role in the S&P 500, contributing more earnings to the indexs total than Technology this year for the first time since the 2008 crisis. The sector is expected to account for 19.2% of total S&P 500 earnings in 2013 compared to Technologys 18%. Technology earnings remain weak, with total earnings for the 78.5% of the sectors market cap that have reported results down -11.3% on +1.6% higher revenues.

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$ Old-Fashioned Regulators Miss What?s New in Finance (25/7/2013)

Finance execs concerned about benefits costs, pension funding

But, as weve learned, the costs can be colossal when things go wrong. The risks have to be reduced. The leading academic analyst of the repo and related shadow-banking markets is Gary Gorton of Yale University . In a 2010 paper with Yales Andrew Metrick (which I recommend for its clear account of the larger problem), he suggested a two-part strategy that parallels the traditional deposit-taker approach - - combining elements of insurance on one side and extra resilience to losses on the other.

Triton Aviation Finance Launches Consent Solicitation

Twenty-eight percent say that their companies have already shifted a large portion of costs for healthcare coverage to employees, 34% say their companies are very likely to do so within the next two years, and an additional 26% say that their companies are somewhat likely to do so. In terms of pensions, finance executives report that their companies are continuing to de-emphasize DB plans, with 36% noting that they have already closed DB plans to new entrants and an additional 27% saying their companies are likely to do so within two years. Nearly one-quarter of respondents (23%) have frozen or terminated DB plans, and an additional 28% are considering doing so. This years survey indicates that pension risk transfer continues to be an emerging option. Although only 6% of respondents say that their companies have already transferred DB plan risk to a third-party insurer, approximately 40% of finance executives indicate that they will seriously consider doing so within the next two years.

Consents must be submitted to Global Restructuring Services, Inc., as tabulation agent, as soon as possible and no later than 5:00 p.m., New York City time, on September 27, 2013. Any questions concerning the terms of the Consent Solicitation may be directed to Jefferies LLC, as solicitation agent. The Solicitation Agent for the Consent Solicitation is: ____________ Forward-Looking Statements This press release contains forward-looking statements that are based on managements current expectations and are subject to risks, uncertainties and other factors, many of which are outside of TAFs control, which could cause actual results to differ materially from those contemplated or implied by such forward-looking statements. TAF is under no obligation to update any forward-looking statements contained herein should material facts change due to new information, future events or otherwise.

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$ Finance and Grants Director (25/7/2013)

Old-Fashioned Regulators Miss What?s New in Finance

The main aspects of the role are : finance & grants focal person in the emergency response team, working with other emergency departments in country to ensure that there is a co-ordinated response in line with best practices; In an emergency environment, assist in transition and work with existing country finance teams to ensure that best practices are adopted after emergency activity is completed and contributing to the development and advancement of policy and procedures. Save the Childrens Syria response is expanding both in terms of geographical areas of operation and scope of programming. Operations initially began in Id lib province and are currently expanding to Aleppo province, central, eastern and southern regions of Syria through both direct implementation and through implementing partner agencies. In order to enable this expansion, SCIs organisational structure is also expanding to meet the increasing demands. The role is for 12 months and is based in Antakya.

This is where the meltdown of 2008 started, and probably where the next such catastrophe will begin. Traditionally, the role of banks was to convert short-term deposits into long-term loans. This so-called maturity transformation is an inherently dangerous business. If a lot of customers suddenly want their money back, banks cant keep their promise to redeem deposits on demand and in full. Depositors know this, which is why bank runs are apt to happen -- or were, in the days before deposit insurance .

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$ Finance and Grants Director (25/7/2013)

Old-Fashioned Regulators Miss What?s New in Finance

The main aspects of the role are : finance & grants focal person in the emergency response team, working with other emergency departments in country to ensure that there is a co-ordinated response in line with best practices; In an emergency environment, assist in transition and work with existing country finance teams to ensure that best practices are adopted after emergency activity is completed and contributing to the development and advancement of policy and procedures. Save the Childrens Syria response is expanding both in terms of geographical areas of operation and scope of programming. Operations initially began in Id lib province and are currently expanding to Aleppo province, central, eastern and southern regions of Syria through both direct implementation and through implementing partner agencies. In order to enable this expansion, SCIs organisational structure is also expanding to meet the increasing demands. The role is for 12 months and is based in Antakya.

This is where the meltdown of 2008 started, and probably where the next such catastrophe will begin. Traditionally, the role of banks was to convert short-term deposits into long-term loans. This so-called maturity transformation is an inherently dangerous business. If a lot of customers suddenly want their money back, banks cant keep their promise to redeem deposits on demand and in full. Depositors know this, which is why bank runs are apt to happen -- or were, in the days before deposit insurance .

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$ Finance, health ministers to implement 2008 law requiring handicap access to health facilities (23/7/2013)

Country club refund goes into Fair Finance estate

Boni said that voluntary organizations representing people with varying disabilities have been partners from the start in pointing out problems and making suggestions. So far, 100 accessibility officers have been appointed (an additional task to their regular jobs) in health funds, hospitals, district health offices and other facilities. Boni said there have been eight full-day training sessions for officers and that their assignment is to facilitate changes to make premises accessible to the disabled. There are still problems in implementing the 2008 law; money is being allocated by the institutions only gradually, and we are doing surveys of facilities accessibility, she said.

Some aides and lawmakers are worried the tax rise would weaken the world's third-largest economy just as it appears on the path to end 15 years on deflation. First-quarter data showed Japan was the fastest-growing major economy in the world. Abe has indicated he would decide on the tax rise in autumn. Aso said the final decision should be based on revised April-June GDP figures released in September, rather than preliminary data due on August 12. A government report on the long-term fiscal outlook said reforms were essential to maintain market confidence and ensure a sustainable recovery.

Japan needs to raise sales tax next year: Finance Minister

The finance chiefs of the world's leading economies hope to force multinational companies to pay more taxes by closing loopholes that have allowed them to stash profits overseas. (AP Photo/Alexander Zemlianichenko) View Larger Russian Finance Minister Anton Siluanov speaks on a phone as he attends a group photo ceremony after a meeting of the Group of 20 finance ministers in Moscow, Russia, Saturday, July 20, 2013. The finance chiefs of the world's leading economies hope to force multinational companies to pay more taxes by closing loopholes that have allowed them to stash profits overseas. (AP Photo/Alexander Zemlianichenko) View Larger From left, Central Bank Governor Jens Weidmann and German Finance Minister Wolfgang Schauble attend a group photo ceremony after a meeting of the Group of 20 finance ministers in Moscow, Russia, Saturday, July 20, 2013. The finance chiefs of the world's leading economies hope to force multinational companies to pay more taxes by closing loopholes that have allowed them to stash profits overseas.

G20 finance ministers aim for more growth

Any copying, redistribution or retransmission of any of the contents of this service without the express written consent of the Akron Beacon Journal is expressly prohibited. Former Fair Finance Co. co-owner James Cochran, living in an Illinois prison, doesnt have much use for a country club membership. A refund of Cochrans membership $157,500 now is part of the Fair Finance estate, according to the latest status report filed with U.S. Bankruptcy Court in Akron.

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