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Recent News

December 24, 2008
FDA changes approach to food safety inspections

Source: Federal Times

Hoping to shore up sagging public confidence, the Food and Drug Administration has abandoned the use of random inspections to ensure food safety in favor of inspections targeted at high-risk production sites. Under the new...

December 24, 2008
Britain's slide towards recession accelerates

Source: Guardian.co.uk

Britain's economy shrank at its fastest pace since 1990 in the three months to September, spurring fears of a deep and prolonged recession. The Office for National Statistics said yesterday that gross domestic product (GDP) fell...

December 24, 2008
Wal-Mart to Settle 63 Suits Over Wages

Source: The Wall Street Journal

Wal-Mart Stores Inc. agreed Tuesday to pay up to $640 million to settle 63 suits alleging it routinely underpaid employees around the country, ending years of embarrassing legal battles over its treatment of workers.

December 23, 2008
Caterpillar to Cut Executive Pay, Sets Hiring Freeze

Source: Bloomberg.com

Caterpillar Inc., the biggest maker of construction equipment, will cut executive pay as much as 50 percent and suspend merit increases for management and support staff to trim costs amid turmoil in the credit and financial...

December 23, 2008
Cracks in the global warming consensus..

Source: Arthur Bruzzone, SF Politics Examiner NY.com

The UN global warming conference held in Poland last week faced a serious challenge from over 650 dissenting scientists from around the globe who are criticizing the climate claims made by the UN International Panel on Climate...

December 23, 2008
Investors Decry Proposal Omissions

Source: Risk Metrics

A coalition of more than 60 investors has called on President-elect Barack Obama to reverse Securities and Exchange Commission (SEC) rulings that allowed companies to exclude shareholder proposals on mortgage and environmental...

December 23, 2008
Energy nominee is no fan of fossil fuel-based energy

Source: Houston Chronicle - TX

With the announcement of his new energy-environmental team last week, President-elect Barack Obama has signaled a clear intention of pursuing policies that differ sharply from those of his predecessor. While some questions remain...

December 23, 2008
Big Madoff Investor Found Dead

Source: The Wall Street Journal

The co-founder of an investment advisory firm that lost $1.5 billion in the Madoff scandal was found dead Tuesday in an apparent suicide in his Manhattan office, police said.

December 23, 2008
Aflac helps set course for ‘say on pay’ issue

Source: AJC.com

Daniel Amos was a little boy when his father and uncles went door to door to get the financing they needed to launch Aflac, the Columbus insurance business he has run for the past 19 years. “We came from a very modest...

December 23, 2008
Hedge Funds Concede Oversight Inevitability in Wake of Madoff

Source: Bloomberg.com

Hedge-fund managers say Bernard Madoff may succeed where Christopher Cox failed: forcing regulation of their $1.5 trillion industry.

 

December 23, 2008
Brunswick suspends PR exec over insider trading case

Source: Reuters

International PR firm Brunswick Group suspended Nina Devlin, the executive whose husband was charged with insider trading based on confidential information authorities said he obtained from her.

December 23, 2008
UAW official: Big 3 pay not higher

Source: IndyStar.com

A United Auto Workers official in Indianapolis said Monday that base wages in Detroit's auto industry are already in line with pay for workers in most Japanese car plants in the United States. "I'd contend we're there today,"...

December 22, 2008
From Harvard, a climatic selection

Source: Boston Globe

In Cambridge classrooms, at the United Nations, and on the "Late Show with David Letterman," Harvard physicist John P. Holdren holds forth on global warming, delivering a deluge of scientific facts to underscore his warnings....

December 22, 2008
Colorado River may face fight of its life

Source: San Diego Union Times

The Colorado River has endured drought, large-scale climate changes, pollution, ecological damage from dams and battles by seven states to draw more water.

December 22, 2008
Debate delayed on China's revised food safety law

Source: Associated Press

China's legislature has postponed debate on a revised food safety law, which is being revamped in the wake of a major scandal over tainted milk, state media reported Monday. A draft of the law was taken off the agenda of a...

December 22, 2008
Risk Management Is Wall Street’s Top Priority for 2009

Source: NetWork Computing - India

Poor risk management is at the heart of the current financial crisis. Firms will have to implement new risk management practices and governance to shore up their performance, satisfy regulators and win back investors’ trust.

December 22, 2008
Financial meltdown slowing wind-power boom

Source: Business Week

Grain farmer Mike Doyle has grown to love the big, spindly wind turbines that rise from his central Illinois prairie. Their blades, many more than 100 feet, cut the wind with a low, rhythmic whooshing noise. Not too long ago, he...

December 22, 2008
Mapping Renewable Energy, Rooftop by Rooftop

Source: Time

The sun shines on everyone — but not in equal measure. That reality has long slowed the spread of solar power. Depending on where you live in the country — or even where you live in your city — the same array of photovoltaic...

December 22, 2008
CSA implements broad directives for good corporate governance

Source: Financial Post - CA

Regulators are proposing the latest method of ensuring good corporate governance at Canadian companies with an emphasis on broad principles rather than the prescriptive rules and minimum requirements currently in place.

December 22, 2008
Emergency Preparedness: States Are Planning for Medical Surge

Source: MND - CA

Potential terrorist attacks and the possibility of naturally occurring disease outbreaks have raised concerns about the “surge capacity” of the nation’s health care systems to respond to mass casualty events, according to a...

December 22, 2008
China Cuts Key Rates for Fifth Time in Three Months

Source: Bloomberg.cpm

China cut interest rates for the fifth time in three months to support the world’s fourth-biggest economy after trade growth collapsed because of recessions in the U.S., Europe and Japan.

December 20, 2008
Congress Will Set Conditions for $350 Billion in Rescue Funds

Source: Bloomberg.com

Congress will use the remaining $350 billion in a U.S. bank-rescue package to force the Bush administration and President-elect Barack Obama into providing foreclosure aid as the pace of people losing their homes soars.

 

December 19, 2008
Banks Try New Ways to Handle Bonuses

Source: New York Times

But this bonus season is shaping up to be like no other. The normal buzz of money — big money — is all but silenced. While many bankers will still collect six- or even seven-figure bonuses, the average payout for rank-and-file...

December 19, 2008
Citi forms oversight committee, plans to lend more

Source: CNN Money

Citigroup to increase lending, forms oversight committee for government funds, CEO says

 

December 19, 2008
Next SEC chief may be shareholder advocate


Source: MarketWatch

Incoming Securities and Exchange Commission chairwoman Mary Schapiro was a solid shareholder advocate during her stint as a commissioner at the agency, signaling that she could be an activist on investor issues again, according...

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