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Recent News

December 10, 2008
Economy puts emergency readiness in peril

Source: USA Today

The economic crisis is jeopardizing the nation's ability to handle public-health emergencies and possible bioterrorist attacks, according to government leaders and a new report.

 

December 10, 2008
China’s Exports Decline for First Time in 7 Years

Source: Bloomberg.com

China’s exports fell for the first time in seven years, more evidence that recessions in the U.S., Europe and Japan are driving the world’s fourth-largest economy into a slump

December 10, 2008
Fed considers issuing its own debt: WSJ

Source: MarketWatch

The Federal Reserve is mulling issuing its own debt for the first time in a move that would give it more flexibility to stabilize financial markets,

December 10, 2008
Canada’s CAs provide climate change disclosure guidance

Source: Chartered Accountants of Canada

TORONTO, CA– The Chartered Accountants of Canada are offering guidance to help companies better disclose the business impacts of climate change to investors. The Canadian Institute of Chartered Accountants (CICA) has published a...

December 10, 2008
SEC, MSRB: New Measures to Provide More Transparency Than Ever Before for Municipal Bond Investors

Source: The Securities and Exchange Commission

Washington, D.C., Dec. 8, 2008 — The Securities and Exchange Commission today announced that it has unanimously approved measures that will shine more light than ever before on the municipal securities market by tapping the power...

December 9, 2008
U.S. Retailers’ Sales Rise 0.4% as Discounts Lure Customers

Source: Bloomberg.com

Sales at U.S. retailers rose last week after discounts on clothing and consumer electronics lured customers seeking holiday gifts.

Sales at stores open at least a year rose 0.4 percent in the seven days through Dec. 6 from a...

December 9, 2008
Macy's and Tiffany Discuss Sustainability Plans

Source: WomensWear Daily - NY

“Being green and generating a profit are not mutually exclusive, competing values for businesses. They have to exist in harmony. It must be a win-win,” said Tom Cole, vice chairman of Macy’s Inc., discussing the retailer’s...

December 9, 2008
Website Identifies Toxic Chemicals in Toys

Source: earth911.com

Just in time for holiday toy purchases, the Michigan-based Ecology Center has released its second annual consumer guide to what toxic chemicals have been found in toys, including lead, mercury and polyvinyl chloride (PVC)....

December 9, 2008
U.S. sees possible Copenhagen deal on climate change step forward, not final

Source: Chinaview.co

The head of the U.S. delegation to the Poznan climate talks Harlan Watson said on Monday that any outcome in Copenhagen next year may not be the final final, but a step forward in fighting climate change. "It may not be the final...

December 9, 2008
Panel urges creation of genocide alert system

Source: ernational Herald Tribune - Paris

Declaring the prevention of genocide "an achievable goal," a task force that includes several prominent figures close to President-elect Barack Obama recommended Monday that an interagency group be created to analyze threats,...

December 9, 2008
Novethic: Exclusive Survey 70% Of Institutional Investors Believe They Are Responsible for The ESG Strategies of the Companies in Which They Invest

Source: MarketWatch

In collaboration with BNP Paribas Investment Partners, today Novethic releases the results of its survey "Institutional investors' perspective on their responsibility for corporate ESG policies". Carried out on a sample audience...

December 9, 2008
Energy Prices Not Headed for a Collapse

Source: The Kiplinger Letter

Don’t get complacent about lower oil prices. This market slide has overshot the mark, just as the upward swing did earlier this year. As we said last spring, supply/demand fundamentals didn't support oil prices of $150 a barrel...

December 9, 2008
Obama plans meeting with Gore to talk energy

Source: Associated Press

Former Vice President Al Gore planned to visit with President-elect Barack Obama and Vice President-elect Joe Biden on Tuesday, but those briefed on the meeting insisted the topic would be the planet rather than Gore's formal...

December 9, 2008
Shareholders Ponder North Dakota Law

Source: The Wall Street Journal

A new front in the battle over corporate governance is emerging in an unlikely place: North Dakota. Only two publicly traded companies are incorporated in North Dakota. But last year lawmakers there -- prodded by out-of-state...

December 9, 2008
Obama Beware: Brinksmanship Over Carbon Trading in Europe

Source: New York Times

Last year, the European Union pledged to take aggressive measures to cut its greenhouse gas emissions 30 percent by the end of the next decade if other countries adopted similar measures.

December 9, 2008
GM: Who could replace Wagoner?

Source: Fortune

Now that President-elect Obama has suggested that General Motors and the rest of the Detroit Three may need to install new management as a condition of a bailout, the question is: Who will become GM's next CEO?

 

December 9, 2008
Lawyer Is Accused in Massive Hedge Fund Fraud

Source: New York Times

His legal lineage was impeccable. A Yale man with a law degree from Harvard, he was a litigation powerhouse, a leader at some of the more prominent firms at the New York bar who then started a top-shelf practice of his own.

December 9, 2008
Bonus Season Afoot, Wall Street Tries for a Little Restraint

Source: New York Times

With Wall Street pay under scrutiny as never before, Morgan Stanley is attaching a string to its annual bonuses — one that would enable the bank to yank some money back from its employees.

December 9, 2008
Warnings saw loan problems at Freddie, Fannie: report

Source: Reuters

Documents show that top executives at Fannie Mae and Freddie Mac were warned years ago that the firms were offering mortgages that could pose a long-term danger to the companies, borrowers and the industry, The Washington Post...

December 9, 2008
Mayors Say They Want 'Build-Out,' Not Bailout

Source: ASC News

Big city mayors visited Capitol Hill today to urge congressional leaders to pass a Main Street Recovery plan funding "shovel-ready" infrastructure projects during the first 100 days of President-elect Barack Obama's...

December 9, 2008
FAITH-BASED INVESTORS: BAILOUT SHOULD FOCUS ON SHIFTING INDUSTRY’S GEARS TO MORE FUEL-EFFICIENT VEHICLES, NOT JUST SHORT-TERM SURVIVAL

Source: Interfaith Center on Corporate Responsibility (ICCR)

Filers of Over 300 Auto-Related Shareholder Resolutions Since 1972 See Ford As Better Positioned than GM for Carbon-Constrained Future. NEW YORK CITY – If Congress decides to bailout the U.S. auto industry, the focus should be on...

December 9, 2008
Rogue Element Inc.(TM) Offers Green Grant to Support Environmentally Sustainable Organizations

Source: CSRwire

(CSRwire) CHICAGO, IL. - December 9, 2008 - Budding environmentally sustainable organizations are growing stronger and larger everyday. However, many cannot afford the basic elements such as design to visualize their message and...

December 9, 2008
Investors Focus on "Liquidity" - Companies Urged to Embrace Water Sustainability

Source: CSRwire

(CSRwire) LONDON. - 9 December 2008 - A US$1.5 trillion alliance of investors, all signatories to the UN-backed Principles for Responsible Investment, is asking 100 of the world's biggest companies to join an initiative that will...

December 9, 2008
Internal Audit Profession’s Top Leaders Propose More Oversight and Transparency in Response to Financial Crisis

Source: The Institute of Internal Auditors’ (IIA’s)

“Internal auditors should be involved in bail-out disbursements,”. ALTAMONTE SPRINGS, Fla. - Oh the heels of an audit repot from the U.S. Government Accountability Office recommending that the Treasury Department develop internal...

December 8, 2008
Culture Shock for IPOs: Pay Disclosures

Source: The Wall Street Journal

When investors turn to the executive-compensation section of U.S. regulatory filings, they salivate over the salaries and bonuses that top management are making. When executives and their attorneys think about the same section,...

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