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Corporate

Cause Marketing a dirty little secret: most nonprofits are taxed on their partnerships with sponsors

July 23rd, 2010

The Internal Revenue Service may be preparing to revisit whether certain types of nonprofit sponsorship revenue should be considered taxable unrelated business income. While the IRS has taken no definitive steps in that direction, experts say nonprofit organizations and their corporate partners should be alert to the possibility of a review of the safe harbor for some sponsorship benefits and, more immediately, be aware of the government’s recent heightened scrutiny of sponsorship activity


Dodd-Frank bill to become law, so what?

July 16th, 2010

The Dodd-Frank bill, like all major pieces of legislation, is tailor made for politicians. The rhetoric rains down like ticker tape, from supporters and detractors alike. Some might call this the “toughest restrictions on the financial industry since the Great Depression,” as the Washington Post did.


Dutch ships could clean 99% of oil spill but are not allowed to because the EPA insists on 99.9985%

Three days after the BP oil spill in the Gulf of Mexico began on April 20, the Netherlands offered the U.S. government ships equipped to handle a major spill, one much larger than the BP spill that then appeared to be underway.

“Our system can handle 400 cubic meters per hour,” Weird Koops, the chairman of Spill Response Group Holland, told Radio Netherlands Worldwide, giving each Dutch ship more cleanup capacity than all the ships that the U.S. was then employing in the Gulf to combat the spill.

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Wal-Mart to finally get a bank license?

June 23rd, 2010

The banking industry over the years has worried a lot about Wal-Mart, which has edged closer to seeking a full commercial bank license for years.

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BP on the Slippery Slope: The Dangerous Disconnect Between Rhetoric and Reality at a Time of Crisis

BP’s flawed handling of the environmental crisis in the Gulf of Mexico is creating an identity crisis for the company, according to management professors Hamid Bouchikhi of the ESSEC Business School in France and John R. Kimberly of the Wharton School.


Mohamed El-Erian: Listen carefully to what the G20 is saying

June 6th, 2010  |  Source: FT.com Alphaville (subscription required)

Count me among those that believe that the G-20 is one of the better approaches to global governance in a world that desperately needs improved international policy coordination. While the G-20 has not gotten to where it could and should be, its periodic meetings provide us with important insights into global policy issues.

Ed: There follows a dissection of the G20 communiqué and the piece ends with:

I fear that all this may continue to catch off guard at least three dimensions that are still significant in today’s marketplace:

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On the Frontier of Mobile Banking: Equity Bank and Safaricom Launch a Revolutionary Bank Account in Kenya

May 28th, 2010

M-PESA customers to enjoy banking services on their mobile phones

[PESA meaning money in Kiswahili, so literally Mobile Money]

Nairobi based Equity Bank and Safaricom have launched an ultimate bank account that facilitates customers to transfer money to and from their M-PESA Equity bank accounts via their mobile handsets while enjoying other benefits that come with their bank account.

7.6 million Kenyans have bank accounts out of an estimated bankable population of 19 million.

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Pew Financial Reform Project National Poll: Major Findings

May 25th, 2010

A poll of 1,000 likely 2010 general election voters was conducted on March 4-8, 2010 by the bipartisan polling team of The Mellman Group and Ayres, McHenry & Associates.  The poll has a margin of error of ± 3%. Here are some key results.  

THE FINANCIAL CRISIS AFFECTED AN EXCEPTIONAL NUMBER OF AMERICANS

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Senate Amendments Could Be Major Setbacks for Credit Card Issuers

May 18th, 2010

The Senate isn’t quite finished regulating the credit card industry.

Senators have surprised the industry with unexpected, tough amendments that would limit interchange fees and allow caps on interest rates.

The amendments that pass will be included in the financial reform bill being debated in Congress. Both would be significant blows to the bottom line of credit card issuers.

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Giant Norway fund manager puts searchable holdings and voting data on website

April 20th, 2010

Norges Bank Investment Management, the arm of the Norwegian central bank which manages the assets of the NOK2.7trn (€347bn) Norwegian Government Pension Fund Global, has enhanced its website to allow users to search its equity and fixed income holdings and voting records.

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