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. Theres never a shortage of Big Four accounting-firm scandals This time its Deloitte & Touches U.K.
The framers on campaign finance law ? via Tumblr
Mihajlovic spoke after a meeting of Dacic, his deputy Aleksandar Vucic, and Finance and Economy Minister Mladjan Dinkic . Before the meeting started, Dacic said theyd discuss personnel changes and a change in the approach to finance and economic policy making, according to Tanjug newswire. Dacics Socialist party agreed July 26 to make changes. Dinkic said on July 28 that he would be willing to split his cabinet portfolio and remain finance minister while creating a separate Economy Ministry controlled by Vucics Serbian Progressive Party.
Serb Leaders to Discuss If Finance Chief Stays in Cabinet
ET. To access the teleconference, please dial 706-758-9224 (domestic and international) approximately 10 minutes before the teleconferences scheduled start time and reference ID# 14342688. Investors may also access the call on the investor relations portion of the Companys website at http://phx.corporate-ir.net/phoenix.zhtml?c=251424&p=irol-IRHome . If you are unable to access the live teleconference, a replay will be available beginning approximately two hours after the calls completion through August 20, 2013. The teleconference replay can be accessed by dialing 404-537-3406 (domestic and international) and entering ID# 14342688.
WhiteHorse Finance, Inc. to Report Second Quarter 2013 Financial Results
Liberal lawmakers and consumer protection advocates, like the Center for Responsible Lending , oppose the bill because scrapping the government guarantee and increasing down payment requirements would make it much more difficult to obtain a 30-year fixed-rate mortgage, curtailing opportunities for low-income, minority home buyers. Those are the ones to whom were about to say, sorry the windows closed. Let them eat rent, says John Taylor, president of the National Community Reinvestment Coalition, of Hensarlings proposal. 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.
A quick-and-dirty guide to the housing finance reform battle
But, as Harvards Lessig observed, our nations founders viewed both individuals (Aaron Burr is corrupt) and institutions (Parliament is corrupt) as capable of succumbing to improper influence that would harm the nation. So Lessig had two of his research assistants scour online databases of framing texts to gather every use of the term corruption. The team coded the different usages to show whether the term was used in reference to an individual or an institution, and then whether it was used with regard to quid pro quo corruption or an improper dependence kind of corruption. (The latter means that individuals or institutions are dependent on special interests or on public or private money basically, dependent on anything or anyone other than the voters, on which officials and public institutions are properly dependent.) Lessigs results are striking. As he explains on his Corruption, originally Tumblr blog , the significant majority (57 percent) of the framers use of corruption was in reference to an entity or institution not an individual.