WASHINGTON (Reuters) – President Barack Obama will try on Monday to revive a stalled push for stricter oversight of Wall Street, using the anniversary of Lehman Brothers’ collapse to argue for sweeping regulatory changes. Obama’s wide-ranging economic address in New York will also discuss plans to unwind the government’s involvement in the financial sector and call upon Wall Street firms to take responsibility and avoid reckless behavior. He is to speak at 12:10 EDT (1610 GMT). Gaps in the regulation of U.S. banks and capital markets have been blamed for the subprime mortgage crisis and global financial chaos triggered…
Business
Obama tries to reinvigorate Wall Street reform
Business
Global poll sees support for spending stimulus
LONDON (Reuters) – Most people around the world support significantly increasing government spending to counter the economic crisis, according to a 20-nation opinion poll released on Monday. The findings will bring solace to leaders such as British Prime Minister Gordon Brown who have backed multi-billion-dollar stimulus programmes to try to lift their economies out of recession. G20 finance leaders agreed this month they would not remove emergency stimulus until the recovery was well entrenched. The survey of more than 22,000 people in 20 countries for the BBC World Service found that, on average, 60 percent favoured “significantly increasing government…
Finance
Financial Investor, Strategic Investor
In the not so distant past, there was little difference between financial and strategic investors. Investors of all colors sought to safeguard their investment by taking over as many management functions as they could. Additionally, investments were small and shareholders few. A firm resembled a household and the number of people involved – in ownership and in management – was correspondingly limited. People invested in industries they were acquainted with first hand.
As markets grew, the scales of industrial production (and of service provision) expanded. A single investor (or a small group of investors) could no longer accommodate the needs…
Business
Franchising Vs. Licensing A Business (Franchise Vs. License) And Business Opportunity Expansion Options
What’s the difference between franchising vs. licensing a business? The starting point in the franchising vs. licensing a business analysis is to consider the legal aspects, then the business aspects. In considering the legal aspects, begin with the following premise that applies to both options. If you put someone into business (or allow them to use your business name/mark) this transaction will normally be a regulated activity, subject to substantial penalties for noncompliance. This guiding legal principle, coupled with the business aspects of selling a franchise vs. a license (discussed below) will answer most franchise vs. license questions. Advice from…
Automotive
Motorcycle Protective clothing That works!
There is some great looking motorcycle clothing on the marketthese days, but believe me not all of the motorcycle clothingoffers as much protection as you think. In Europe, formotorcycle clothing to be lawfully sold as ’safety clothing, ithas to pass a series of European standards, which are prettylengthy but are available on my website. The standards cover theclothing’s performance in abrasion, tearing and impact tests,and when they have passed; they are sold with the CE mark.However, no such regulation is available in the USA, so whatshould you look for?Protection in the right places’Not many people realise that most motorcycle injuries…
Facebook
Will Facebook Face Tougher Privacy Restrictions In Europe?
Yesterday the Financial Times reported that European privacy regulators may place tighter restrictions on the type of personal data that’s shared with third-party developers. The argument is that users don’t understand what information is being sent when they install an application. One US privacy advocate in the article is quoted, “Users don’t know their information is being collected and used.” While I’m not quite sure about what users are aware of, it’s also clear that the privacy advocates don’t have a clear understanding of how things currently function.
Privacy is extremely important to Facebook, who has developed some of the…
Facebook
Facebook Dating Application Zoosk Raises Another $6M
Zoosk, the online dating community that launched in 2007 as a Facebook application, has raised an additional $6 million in funding. This is the third round of funding for Zoosk, and was led by existing investor Canaan Partners. The funding will go towards pushing Zoosk’s market share on a global scale, as well as adding to its team and roll out new products.
As we noted in an interview with Zook’s co-CEO Shayan Zadeh, the Zoosk application on Facebook witnessed rapid growth as a result of its aggressive user acquisition model. Having now reached a reported 30 million users as…
Information
Are You Thinking Of Pursuing A Degree In Accounting? by: Erik Jon
The meticulous and rigorous world of accounting is the backbone of business finance. At the very basic level, accountants provide basic bookkeeping services to businesses. These services involve keeping records of every financial transaction the business makes, then using those records to assemble financial statements like income statements and balance sheets. These records can then be used to prepare taxes, which is another fundamental accounting service.But, accounting provides so much more than simple bookkeeping services to businesses.• Financial planning• Business valuation• Tax planning• Auditing servicesThese are just a few of the services that accountants provide, which can enhance, and are…
Business
Raise Capital for Your Business with Global Forex Trading
Global forex market has become more and more popular in the last few decades, due to the advent of the global economy. It is common that people now convert large amounts of money into various foreign currencies. The forex market is the biggest market in the world, and includes everything from banks to governments to independent speculators. The daily trade of global forex market exceeded four trillion dollars on average last year, making it a very good market to get involved in. Global forex market is quite different from other trading markets, e.g the stock market have different levels of…
Life Insurance
Gold Falls, Stocks Jump as G20 Meets
THE PRICE OF physical gold fell against all major currencies early Thursday, dropping 2% versus the Dollar as global stock markets jumped and Treasury bonds were sold lower. Crude oil bounced hard, back above $50 per barrel, as base metals and foodstuffs crept higher. Ahead of today’s G20 communiqué on global stimulus spending and finance regulation from the world leaders meeting in London, the US Dollar fell together with Gold Bullion, spiking to a one-week low vs. the Euro after Eurozone interest rates were cut by less than analysts forecast. ECB staff had hinted there was “more leeway” to…
