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News

The Daily

  • For CEOs, Character Counts

    By:
    Chris Gaetano
    |
    Sep 23, 2015
    While it's obvious that a CEO who's abrasive, vindictive and self-centered would probably be worse than a CEO who isn't, the author of a new book claims to have empirical proof. 
  • Lingering Impact of Financial Crisis Continues to Haunt Many

    By:
    Chris Gaetano
    |
    Sep 22, 2015
    While nearly a decade has passed since the worldwide financial crisis that nearly toppled the global economy, many adults are still reeling from its impact. 
  • Study: PCAOB Inspections Improve Credibility, Financing Access for Non-US Firms

    By:
    Chris Gaetano
    |
    Sep 22, 2015
    A recent study from MIT has found that non-US firms that use PCAOB-inspected auditors have greater financial reporting credibility, which in turn serves to increase the firm's external financing capacity. 
  • Kazakhstan NGO Leader Raises Possibility of Sex Tax

    By:
    Chris Gaetano
    |
    Sep 21, 2015
    Yes, you read that headline right: the leader of the Muslim Union of Kazakhstan, Murat Telibekov, has suggested that, perhaps, sex should be subject to taxation. 
  • Standing Up to Workplace Sketchiness

    By:
    Chris Gaetano
    |
    Sep 21, 2015
    It can definitely be nerve wracking, but no matter where you rank on the company hierarchy, an article in Fortune says that you need to push back against it, especially if you're being asked to take part too. 
  • CFTC: Bitcoin is a Commodity

    By:
    Chris Gaetano
    |
    Sep 18, 2015
    The Commodity Futures Trading Commission (CFTC) has announced that, for regulatory purposes, Bitcoins and other virtual currencies are officially classified as commodities. 
  • Study: Early Exposure to Fatal Disasters Can Shape CEO Risk Appetite

    By:
    Chris Gaetano
    |
    Sep 18, 2015
    A study found that exposure to disasters early in life such as hurricanes, wildfires, or earthquakes can shape whether, as adult CEOs, they are more or less prone to take risks. 
  • Nine Biggest Banks Take Cue from Bitcoin in Declaring Blockchain Partnership

    By:
    Chris Gaetano
    |
    Sep 16, 2015
    While virtual currencies, such as Bitcoin, were developed at least in part to make banks as financial intermediaries irrelevant, banks themselves have shown quite an interest in how to incorporate the element that makes Bitcoin work, namely the blockchain, into their own business practices. This is evidenced by a recent announcement by the world's nine largest banks that they will be partnering with each other to create a framework for how blockchain technology can be used to make better financial markets. 
  • Beware First Job Syndrome

    By:
    Chris Gaetano
    |
    Sep 16, 2015
    The tiger, sleek and fierce, is sometimes put in a cage for display in a zoo, where he is fed day after day until, finally, he not only forgets how to hunt, but forgets he ever could to begin with. What an article in the Financial Times describes as "first job syndrome" is kind of like that. 
  • Banks' IM Communications to be Retained for Seven Years According to Deal with NYS

    By:
    Chris Gaetano
    |
    Sep 15, 2015
    Instant messaging communications from four major banks will be retained for up to seven years according to a new deal struck with the state Department of Financial Services, allowing regulators to potentially access them in the event of a future investigation. 
  • Cyber Insurance to Skyrocket as Security Fears Increase

    By:
    Chris Gaetano
    |
    Sep 15, 2015
    With 94 percent of companies saying they've had a cybersecurity incident of some sort or another, the market for insurance to protect people from their effects has grown rapidly in only a few short years. 
  • Race is On to Head PCAOB

    By:
    Chris Gaetano
    |
    Sep 14, 2015
    With the term of current Public Company Accounting Oversight Board (PCAOB) Chair James Doty coming to an end, several players in both the financial and political world have expressed an interest in leading the regulatory body. 
  • Proposed Bill Would Allow IRS, Treasury Dept., to Regulate Tax Return Preparers

    By:
    Chris Gaetano
    |
    Sep 14, 2015
    A bill that would regulate tax preparers in the interests of preventing identity theft and refund fraud will be examined and marked up by the member of the Senate Finance Committee this week. 
  • Beyond the Burger: Gov Cuomo Calls for $15 Minimum Wage Everywhere in NY

    By:
    Chris Gaetano
    |
    Sep 11, 2015
    New York Governor Andrew Cuomo announced a push to make $15 an hour the minimum wage for all businesses in New York, shortly after approving a measure to implement it in the fast food industry. 
  • Justice Dept. Shifting Focus to Individuals, Not Companies, in Corporate Crimes

    By:
    Chris Gaetano
    |
    Sep 10, 2015
    Saying that corporations can only commit crimes through flesh and blood people, the U.S. Justice Department has released new guidelines intended to shift the focus away from companies themselves when investigating and prosecuting corporate crimes, and more towards the individuals who work within them. 
  • IRS to No Longer Accept Checks of More Than $100 Million

    By:
    Chris Gaetano
    |
    Sep 9, 2015
    Owing $100 million to the IRS is bad enough, but to make matters worse, if you happen to decide to pay such a princely sum in one go, you won't be able to do so through personal check: a recent IRS bulletin has announced that the maximum amount of what it will accept by this method is $99,999,999.00. 
  • Study: Most Efficient Way to Queue Also Least Fair

    By:
    Chris Gaetano
    |
    Sep 9, 2015
    Lines. We all wait in them, get frustrated by them, and wonder whether they can go any faster. Business and economics researchers from Denmark have discovered that, yes, it can, but people won't like it. 
  • TIGTA: Data Infrastructure for ACA Still Has a Ways to Go

    By:
    Chris Gaetano
    |
    Sep 8, 2015
    A recent report from the Treasury Inspector General for Tax Administration (TIGTA) has found that an IRS data repository that will eventually collect and process the torrent of information related to the Affordable Care Act hasn't been sufficiently tested. 
  • More Companies Feel Performance Metrics Fail to Measure Up

    By:
    Chris Gaetano
    |
    Sep 8, 2015
    Despite being in an age of big data, where everything is quantified so it can be scrutinized and analyzed, some companies are turning to a more qualitative approach to evaluate their workers. 
  • Poll: 60 Percent of Millennials Don't Call Themselves Millennials

    By:
    Chris Gaetano
    |
    Sep 4, 2015
    Millennials! Millennials! Millennials! Millennials in the workplace! Millennials in social media! Millennials in the kitchen! Everyone, it seems, is talking about millennials... Except for millennials themselves, the majority of whom, according to a recent poll, reject the label, according to the Atlantic.