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Saturday, 31-Aug-2013 19:22 Email | Share | | Bookmark
Supreme Court's Campaign Finance Case Gets New Firepower








Report: General Electric plans to spin off consumer finance business with possible IPO





McConnell is the nation's leading opponent of campaign finance restrictions, who lost his effort to defeat the McCain-Feingold law's limits on corporate and union donations a decade ago but won the Citizens United case in 2010 that freed corporations to spend unlimited amounts independently on elections. By allowing McConnell to take some of the precious 30 minutes his side will have to make its case, the court on Friday further assured that the case will take on the aura of those two previous cases -- pitting Republican-aligned backers of unlimited spending against Democratic-aligned groups that want to reduce the influence of money in elections. The case is being brought by Alabama millionaire Shaun McCutcheon, a Republican businessman who objects to the overall limits federal regulations place on campaign donations. Donors can give a maximum of $123,200 every two years to federal candidates, political parties and political action committees. McConnell will be represented at the court by Bobby Burchfield, a trial partner at McDermott Will & Emery.









27 came after the completion of the annual audit. The city received an unqualified opinion from the Auditor of States Office, McKeehan said. That means our statements are materially correct without any qualifications. The city also received a Certificate of Excellence in Financial Reporting from Governmental Finance Officers Association (GFOA) for the 2011 Comprehensive Annual Financial Report (CAFR). McKeehan noted two changes in the 2013 budget process.





Sharonville finance report shows strength and change





More business news The consumer finance business provides store credit cards to about 55 million people for retailers like Wal-Mart Stores Inc. It accounts for $50 billion of GE Capitals $274 billion in outstanding loans, according to the report. Aside from its finance business, GE sells a wide variety of industrial equipment and appliances around the world. This includes jet engines, medical diagnostic equipment, oil and gas drilling equipment and washing machines. GE spokesman Seth Martin declined to comment on the report.



Saturday, 31-Aug-2013 12:57 Email | Share | | Bookmark
Structured Finance Industry Group Challenges Use Of Eminent Doma








Report: GE to spin off consumer finance business





"Allowing this type of practice is a short-sighted and unconstitutional idea. Not only would it do irreparable damage to the private mortgage market, undermining Congressional efforts to encourage private capital in the market, but it would also actually injure the local residents these efforts are supposed to be helping." The SFIG brief argues that efforts by Richmond and MRP to seize loans held in PLS Trusts is unconstitutional and could do permanent damage to the U.S. home mortgage system. The brief points to significant risk on three levels: -- The market for securities issued by PLS Trusts will be fundamentally shaken if the structure can be pulled apart by municipalities seizing loans, especially by cherry-picking individual performing loans. -- Each PLS Trust which holds to-be-seized loans will be damaged by an amount that exceeds the face value of the loan, because the structure, as a fixed, geographically diverse pool, will be undermined.









Fundamental company data provided by Capital IQ . Historical chart data and daily updates provided by Commodity Systems, Inc. (CSI) . International historical chart data and daily updates provided by Morningstar, Inc .





Finance Minister directs commercial banks to increase interest for depositors





Click one of these fan favorites to get started: Apple ; Google ; Ford . Think Finance Hires Craig A. Nies as Chief Analytics Officer By Business Wire August 28, 2013 | Comments (0) Think Finance Hires Craig A. Nies as Chief Analytics Officer Big Data Expert to Continue Refining Think Finances Sophisticated Analytics & Underwriting Models FORT WORTH, Texas--( BUSINESS WIRE )-- Think Finance , a leading developer of online financial products that bridge the gap between payday loans and credit cards, today announced it has named Craig A. Nies as Chief Analytics Officer.





Think Finance Hires Craig A. Nies as Chief Analytics Officer





He commended the banks initiative of branch expansion where it had so far invested over K21million from January this year. Investrust Bank Managing Director Friday Ndhlovu said the banks short term strategy was to be in all provincial centres to improve on the saving culture of the majority Zambians. He said the bank invested about K3.5 million for the opening of the branch. He said the bank would continue to be more innovative and work in line with international banking standards thus contributing positively to national development. Mr Ndhlovu said the bank had special products for the people of Choma, and would ensure that it fully supported the agriculture and livestock sectors.



Saturday, 31-Aug-2013 06:22 Email | Share | | Bookmark
Compton's first Latino lawmaker finally submits finance forms








Finance Ministry sends letters to indirect tax defaulters





So it was a joyous moment for some when Galvan won a seat on Compton's City Council in June. But a few weeks into his term, some are having misgivings about the councilman. Galvan had failed to file any of the required campaign finance disclosures for the primary and runoff elections. As his first official action, he hired Gonzalez.





OUR VIEW: Campaign finance laws need teeth





Even though no details on this new build has been provided at the time of writing this article, this particular version most likely comes to address some of the bugs found by Microsoft engineers in older releases. As a result, expect the Finance app to load faster on both Windows 8 and Windows RT , while also offering a much more stable overall experience on either platform. Designed for Windows, the Finance app puts control at your fingertips. Swipe through colorful charts for a quick read on the day's events.





The Windows 8 Finance App Gets New Improvements





The Finance Ministry has decided to go after about 12 lakh service tax assesses who had stopped filing returns. The Ministry officials are also focusing on top 100 excise duty assessees in the country to ensure that there is no evasion towards the indirect tax collection kitty. There are 1.2 lakh excise duty assessees across the country. Whereas, there are 17 lakh registered assesses under the service tax. The aim behind sending such letters is to remove bureaucratic hassles and develop faith in people about tax authorities, the officials said.





Zurich Insurance chairman steps down following finance director's apparent suicide





Tragedy: Pierre Wauthier was found dead in his apartment in Zug, Switzerland on Monday Wauthier's widow declined to comment on Thursday and at the family's lakefront home, once a traditional Swiss inn, a security guard said relatives did not wish to talk. Zurich's chief executive Martin Senn said he was not aware of any dispute that could have driven Wauthier to his death. 'We didn't spot any conflicts that could or should have led to such a death,' Senn told Swiss television. However, a former colleague of Wauthier's said there was pressure within the company to increase its share price.







Document:</b> Isaac Galvan campaign filings' style='float:left;padding:5px' />

Timothy Murray has agreed to pay for campaign finance law violations. Meanwhile, in previous years, Fall River Mayor Will Flanagans campaign has been fined multiple times for accepting contributions above the limit provided by law. Although the excess contributions were returned, at what point does the OCPF begin to sense a troubling pattern and increase penalties to send a message that violating campaign finance laws deserves more than just a slap on the wrist? Why does OCPF hold workshops on campaign finance law across the commonwealth, but not require candidates and their campaign officers to attend so they cannot claim ignorance of the law?



Thursday, 29-Aug-2013 15:52 Email | Share | | Bookmark
German finance minister: 'I don't see' any further eurozone bail












Greek unemployment hits record 27.6% Greece, along with three other eurozone countries -- Portugal, Ireland and Cyprus -- remain dependent on rescue loans from the EU and International Monetary Fund (IMF). The 17-nation eurozone has emerged from its longest ever recession, growing 0.3% in the second quarter after 18 months of contraction. Unemployment rates remain high, but worries that the debt crisis could spread to larger economies such as Spain and Italy -- which both saw borrowing costs climb dangerously high last year -- have abated. "You can see if you look at the rates for sovereign debts they are stable.





The Best Personal Finance Blogs That You Should Be Reading





Markets close in 1 hr 56 mins Stock Watch The Best Personal Finance Blogs That You Should Be Reading By Sarah W. Caron | Manilla.com Wed, Aug 28, 2013 8:50 AM EDT Get Rich Slowly With many authors giving common sense advice on personal finances, you could easily lose a few hours reading through the archives. Thats how interesting the blog Get Rich Slowly is. Its definitely worth checking out, bookmarking and checking in on regularly. The Manilla Folder The Manilla Folder offers a wealth of advice on all sorts of personal finance topics, from saving and budgeting, to credit and debt, to taxes and investing, and more.



Thursday, 29-Aug-2013 09:38 Email | Share | | Bookmark
German finance minister: 'I don't see' any further eurozone bail








Euroloan Consumer Finance PLC in 28 million EUR deal





We don't want a German Europe but we want a strong Europe and that means every member state including Germany has to increase its competitiveness," Schaeuble said. "A stronger Europe means that everyone has to do its duty and not to ask for more money by others -- that's the wrong way to get a strong Europe, that's the wrong incentive." German FM: Greece needs until 2022 German FM: Eurozone in a better place His comments come ahead of the September 22 election, as Merkel faces a German electorate weary of Europe's largest economy helping to bail out troubled eurozone nations, whose debt woes have threatened the stability of the currency. Greek unemployment hits record 27.6% Greece, along with three other eurozone countries -- Portugal, Ireland and Cyprus -- remain dependent on rescue loans from the EU and International Monetary Fund (IMF). The 17-nation eurozone has emerged from its longest ever recession, growing 0.3% in the second quarter after 18 months of contraction. Unemployment rates remain high, but worries that the debt crisis could spread to larger economies such as Spain and Italy -- which both saw borrowing costs climb dangerously high last year -- have abated.












Finance ministry in process of completing draft for 2014 Budget





Our business has really benefited from the legal changes as we were one of very few market players who had already prepared a working business model for regulated markets elsewhere. Cochito Group has strengthened its Board of Directors with key appointments Mr. Timo Saini, M.Sc. (Econ), a longstanding board member in several group companies, has been appointed Chairman of the Board of Cochito Group, following co-founder Pauli Hentunen in the position. According to Mr.









"Out of the 15 focus groups involved in 2014 Budget, there are a few groups that are not finished. One of them is related to the Well-Being Index and this matter is now being implemented," he said. He said this to reporters after launching the Ministry of Finance Open Day 2013 at the Royal Malaysian Customs Academy Sarawak, here on Thursday. Also present were Sarawak Federal Secretary, Datuk Md Yahya Basimin; Sarawak State Secretary, Tan Sri Mohamad Morshidi Abdul Ghani; and Sarawak Federal Financial Officer, Datuk Jabidah Monseri. Meanwhile, when asked on the implementation of the Goods and Services Tax (GST), Ahmad Husni said the issue need not necessarily be announced during the tabling of 2014 Budget.



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