Investment firms running Ponzi schemes with impunity Oct 14, 2009
The schemes, known as growth, investment, or non-working plans, use the multi-level marketing (MLM) route to fly below the radar of regulatory bodies. For instance, since these firms do not technically collect deposits, they are not regulated by RBI. For instance, with Shree Om Sainath you can place an order for a brand new Tata Indica for just Rs 1. (India Times)
Chinas Tengzhong seeks nod for Hummer buy Oct 13, 2009
We have started communicating with the relevant regulatory bodies and will continue to support the application process in accordance with the requirements, she said, adding that Tengzhong hoped to close the deal late this year or early 2010. The purchase agreement with General Motors Co, signed on Friday, underscores the fast rise and global ambitions of Chinas vehicle industry, populated by a wide range of fast-growing, aggressive carmakers such as Geely Automobile, SAIC Motor Corp and BYD.. (The Star Online, Malaysia -- Business)
Strict new rules set the standard for organic goods Oct 9, 2009
This way, we decide what the standard needs to be, and our regulatory bodies fight to protect it on our behalf,'' Mr Leu said. Join the conversation. (Sydney Morning Herald -- Australia)
Overlay area further defined Oct 8, 2009
Wall also noted that if a property owner chose to take advantage of the overlay district, its development plan would still have to be approved by all appropriate regulatory bodies in town. We re not trying to rush them through, said Planning Board member Janet Lavigne of the overlay district, just to allow different uses. (Littleton Independent, MA)
West Africa: Media Pushes for Freedom of Expression Oct 8, 2009
It will also help define the composition and mode of operations of the regulatory bodies for broadcast and telecommunication services to protect public interest and the economic and other measures that are needed to support the media to ensure it caters for the needs of the public. In addition, it will help guarantee the right to information, the independence of the media and define the sanctions to be meted to journalists and media institutions for violations of the Act and appropriate laws. (allAfrica.com)
Electric power to meters in Ghana Oct 4, 2009
"The New Zealand mother-of-four Folole Muliaga, 44, died on May 29, 2007 three hours after a contractor working for the Mercury Energy power company cut off the electricity supply to her South Auckland home because the family was late in paying a $168.40 power bill. The action rendered Muliagas electrically-operated oxygen machine useless."Again in Ghana we have such laws, regulatory bodies and even civil society organisations have been unable to compel the ECG to account for the numerous... (Ghana Web, Ghana)
Avoiding local fund managers Oct 4, 2009
Once your money has legally left the country, you are not protected by local regulatory bodies. In other words if the fund manager you chose was a Fidentia-clone, then you would have to make your protests in the country where the money is invested. (iAfrica.com)
Niello: Quit hammering state's small businesses Oct 3, 2009
Additionally, it might not be a bad idea to take the "bounty hunting" aspect away from regulatory bodies; fines charged would be redirected to the general fund, not to the agency in charge of levying the fines. So next time the Legislature rises on "Small Business Day" to publicly honor these drivers of our economy with fancy resolutions, the Legislature should also vow to show restraint when no one's looking. (Sacramento Bee -- Opinion)
Kenya: Tackling Water Woes [editorial] Oct 2, 2009
The assembled managers drawn from a wide array of institutions -- from the ministry headquarters down to the water and sanitation companies and the various development and regulatory bodies in between -- gave a good account of themselves. They expounded in detail on what has been achieved over the last five years of reform, including establishment of various agencies, and freeing of water companies from the corrupt control of local authorities. (allAfrica.com)
Cancer jab 'unlikely' death cause Sep 30, 2009
The Department of Health said it was working with the NHS and regulatory bodies to thoroughly investigate Natalie Morton's case. A department spokesman said: "No link can be made between the death and the vaccine until all the facts are known. "Results of tests on the batch of vaccine will be announced as soon as they are known. (BBC News -- UK)
Geithner sees action on economy, bank rules Sep 25, 2009
The FSB -- whose stature was elevated as one result of the last G-20 meeting in London -- is an institution including finance ministers, central banks and regulatory bodies such as the Securities and Exchange Commission. Sketching another priority for the meetings that conclude today, he said governing structures of those institutions would have to change to reflect the growing dispersion of economic power across the globe. (Pittsburgh Post-Gazette, PA)
Open offer wall for Bharti-MTN Sep 25, 2009
MUMBAI/NEW DELHI: Within days of market regulator Sebi changing rules related to depositary receipts that some think could put a spanner in the proposed Bharti Airtel-MTN deal, top officials from the South African government met a number of top officials from two regulatory bodies in Mumbai. Trying to untangle the troublesome knots which are forcing the two parties to extend the deadline for the deal, the South African delegation met senior officials of banking regulator Reserve Bank of India... (India Times, India -- Intl Business)
Jordan's Abdullah: We will promote nuclear power for peaceful purposes Sep 25, 2009
"The Egyptians are looking for a nuclear program. The GCC [Gulf Cooperation Council] are looking at one, and we are actually looking at nuclear power for peaceful and energy purposes. We've been discussing it with the West. "I personally believe that any country that has a nuclear program should conform to international regulations and should have international regulatory bodies that check to make sure that any nuclear program moves in the right direction. " In other words, you're saying that... (Yahoo News -- Jordan)
Geithner pushes for financial overhaul Sep 24, 2009
Geithner's testimony on Wednesday is merely the latest push in the Obama administration's campaign to improve the financial system and strengthen its regulatory bodies. The president first made his case for reform earlier this month, when he told Wall Street investors and bankers on the one year anniversary of the meltdown that he thought an overhaul was possible by the year's end. (TheHill.com)
PHIGroup Appoints New Board Member Sep 23, 2009
He is also regularly invited to speak at, lead and participate in various seminars and panel discussions organized by industry associations, leading institutions and regulatory bodies. Ghanshyam has been a strong advocate for sound corporate governance and high standards of transparency in relationship with the corporate sector in this region. (PR Newswire)
Senate Bill Could Weaken the Fed Sep 22, 2009
"If you look at the record here of the failure of the regulatory bodies, all roads seem to lead to the Federal Reserve," Shelby said. Since its creation almost a century ago, the Fed has grown into a major power broker and guardian of the financial system. (ABC News -- Wire)
Idea of a weakened Fed gaining traction in D.C. Sep 22, 2009
"If you look at the record here of the failure of the regulatory bodies, all roads seem to lead to the Federal Reserve," said Sen. Richard Shelby of Alabama, the top Republican on the banking panel. (MSNBC -- Politics)
Dodd Plan for Single U.S. Bank Regulator May Spark Fight with Frank, Obama Sep 21, 2009
It does not make sense for up to four different federal regulatory bodies to retain oversight over the safety and soundness of banks, Schumer wrote in June to Treasury Secretary. This system preserves the regulatory arbitrage that allows institutions to pick the oversight scheme that benefits them the most. (Bloomberg -- US)
Moily, Sibal in turf war over legal education Sep 20, 2009
Moily's statement assumes significance in the backdrop of intense wrangling between the ministries over superseding of regulatory bodies under a proposed super-regulatory authority as suggested by the National Knowledge Commission and the Yashpal Committee. Earlier, the health ministry had conveyed to HRD ministry its reservations over scrapping Medical Council of India. (India Times, India)
China faces aretail reality check Sep 19, 2009
The commission oversaw the People's Bank of China and state financial regulatory bodies. China's State Information Center in August reaffirmed its view that the economy had bottomed out. (Asia Times Online)
The gauge may be dismantled due to budget constraints within the U.S. Army Corps of Engineers. Sep 17, 2009
Agencies and regulatory bodies on all levels of government use the data produced by the gauges in endeavors pertaining to public drinking water, environmental and infrastructure protection, agriculture, and flooding, among others. Pescadero Municipal Advisory Council member Rodger Reinhart stands before a stream gauge in Pescadero Creek that may be turned off and removed due to San Mateo County budget cuts. (Half Moon Bay Review, CA)
Boehner: Obama needs 'exit strategy' from private sphere Sep 15, 2009
The president's reform plan, would strengthen regulatory bodies and establish stronger consumer protections. While most lawmakers, including Boehner, seem to agree with the president's rationale for reform, Obama's methods. (TheHill.com)
MTN deal 'requires cabinet stamp' Sep 15, 2009
Jan Meintjes, a portfolio manager at Gryphon Asset Management, said although the government was not a direct shareholder in MTN, there were various areas where it was able to influence transactions, such as through regulatory bodies and in issues such as foreign exchange, and also competition. He noted that although some regulatory bodies were independent, they would have to take government policies into account in their rulings. (Business Report, South Africa)
Long-Term Lead Exposure Linked to Heart Deaths Sep 10, 2009
Researchers said the link to cardiovascular disease underscores the need for regulatory bodies and surveillance agencies to track potential sources of lead exposure. "Researchers studying cardiovascular deaths worldwide have generally not considered lead as one of the risk factors that contributes to the risk of death from cardiovascular disease," Weisskopf said. (MEDLINEplus)
Nigeria: CBN Sends Resident Examiners to Banks Sep 8, 2009
will be reporting daily financial transactions to the two regulatory bodies. Both the CBN and the NDIC are sending their officials to the banks in a bid to tighten financial security and guarantee that the banks follow due process in all their transactions, LEADERSHIP has gathered. (allAfrica.com)
Demand for electricity sputters and bills may fall Sep 6, 2009
Spain Metals Report provides industry professionals and strategists, corporate analysts, metals associations, government departments and regulatory bodies with independent forecasts and competitive intelligence on Spain's metals industry. Activity levels in the housing market and levels of spending on consumer durables are likely to remain low in 2009 due to anticipation of further prices falls and tightening credit conditions, prompting a sharp slowdown in domestic consumption of steel and... (Fresno Bee -- Business)
Stop Newmont from Mining in Forest Reserve - Youth Sep 5, 2009
"It is surprising that despite these serious negative effects of the Newmont Akyem Project, which would lead to the destruction of Ajenua Bepo Forest Reserve, some Chiefs in Akyem Kotoku are vigorously campaigning for this destructive mining project of Newmont. "What is even more disappointing is the preparedness of these Akyem Kotoku Chiefs, which include Nana Owusu Gyamadua, Member of the Council of State for the Eastern Region, to lead the attacks on advocacy NGOs like WACAM that are... (Ghana Web, Ghana)
Psychiatric Patient Dies After Drinking Cleaning Fluid Sep 5, 2009
Landgraf says the man's family and seven regulatory bodies that oversee the center were notified before the man's death was made public. FOX NEWS VIDEOS. (Fox News)
Structures put in place to support vaccine use in Africa Sep 4, 2009
He said regulatory bodies, such as the United States Food and Drugs Administration and the European Drugs regulators were working with the researchers to ensure that they conformed to set standards ... It is expected that results that are required to be presented to regulatory bodies would be available by 2011. (Ghana Web, Ghana)
Farncombe Consulting Group Opens Dusseldorf Office Sep 4, 2009
" The address for the new Dusseldorf Office is: Farncombe Germany, Grafenberger Allee 363, 40235 Dusseldorf, Germany. If you wish to arrange a meeting with Anette to discuss opportunities in the German market, please contact her on +49-211-1655118. _________________________________________________________________________ About Farncombe Consulting Group The Farncombe Consulting Group is a specialised professional services firm operating in the broad digital video technology, telecoms and digital... (PR Newswire)
African scientists in final race to outdoor malaria vaccine Sep 3, 2009
Dr Owusu-Agyei said should results from the Phase Three studies prove positive, then three years from now, all the data from the trials would be assembled and presented to International bodies such as the World Health Organization and regulatory bodies to make a decision for licensure and use in Africa. He commended the people of Kintampo for supporting the vaccine trials in the area and asked that they should put in a word when community members express concerns about blood being drawn from the... (Ghana Web, Ghana)
China tries to calm unease over rare earths curbs Sep 3, 2009
Sweden Metals Report provides industry professionals and strategists, corporate analysts, metals associations, government departments and regulatory bodies with independent forecasts and competitive intelligence on Sweden's metals industry. The Swedish steel and aluminium industries will see output slashed by 40-50% as Sweden and its 10 largest export markets endure a deep economic recession, according to this latest Sweden Metals Report. (Fresno Bee -- Business)
How to Become a Self-Employed Tax P... Aug 31, 2009
Before servicing clients, comply with local regulatory bodies by. Registering the business with the Secretary of State. (Suite101.com)
Nigeria: As Bank Stocks Crash [editorial] Aug 31, 2009
com: Nigeria: As Bank Stocks Crash (Page 1 of 1). Nigeria: As Bank Stocks Crash. (allAfrica.com)
Education sector: For HRD, it's full steam ahead Aug 29, 2009
As for cleaning the mess in regulatory bodies, Sibal played a key role in ensuring that vested groups do not protect top functionaries of the All India Council for Technical Education from CBI. ... CHALLENGES Implementing the Right to Education and ensuring private schools abide by its provisions Cleaning mess in regulatory bodies like UGC, AICTE Gross Enrolment Ratio in both elementary and higher education should increase. (India Times, India -- Community News)
PCI Gaming invests in two greyhound tracks Aug 29, 2009
The transition is pending final approval by the respective regulatory bodies governing the two racetracks, gaming officials said. According to published reports, it could take several weeks to tie up all the loose ends. (Atmore Advance, AL)
WesBanco Declares Reduced Quarterly Dividend of $0.14 per share Aug 28, 2009
Such statements are subject to important factors that could cause actual results to differ materially from those contemplated by such statements, including without limitation, the effects of changing regional and national economic conditions; changes in interest rates, spreads on earning assets and interest-bearing liabilities, and associated interest rate sensitivity; sources of liquidity available to WesBanco and its related subsidiary operations; potential future credit losses and the credit... (PR Newswire)
MCI scrapped, single body for medical education Aug 28, 2009
BANGALORE: In a complete overhaul aimed at cleansing the medical education system in the country, a task force of the Union health ministry has decided to scrap all regulatory bodies, including the Medical Council of India, Dental Council of India, Pharmacy Council and the Nursing Council, sources revealed ... In a complete overhaul aimed at cleansing Indian medical education system, a task force of the Union health ministry has decided to scrap all regulatory bodies. (India Times, India)
Govt mulls super monitor for markets Aug 28, 2009
The Raghuram Rajan committee had suggested constitution of a Financial Sector Oversight Agency, a statutory body comprising chiefs of existing regulatory bodies and answerable to Financial Development Council chaired by the finance minister. Read business stories in. (India Times)
GlaxoSmithKline Statement Confirming alli Safety Aug 26, 2009
"GSK stands firmly behind the safety and efficacy of alli. Our primary priority is patient health, and we want people to know that there is no evidence that alli causes liver damage. The FDA is reviewing data from suspected cases on liver injury associated with the use of orlistat/alli. Any routine assessment from a regulatory body does not mean that a risk or causal relationship exists. alli is a 'non-systemically' acting medicine - it is minimally absorbed in the blood and works locally in the... (PR Newswire)
Poarch Band of Creek Indians Invest in Greyhound Tracks Aug 24, 2009
PCI will invest in Mobile Greyhound Park located in Theodore, AL and Pensacola Greyhound Track located in Pensacola, FL. The transaction is pending final approval by the respective regulatory bodies governing the two race tracks. Both Mobile Greyhound Park and Pensacola Greyhound Track have been owned and operated for many years by a partnership comprised of several local families. (PR Newswire)
Media studies quiz Aug 20, 2009
And finally, pupils study owners and regulatory bodies in the industry. Which of these bodies deals with complaints about the editorial content of magazines. (BBC News -- UK)
Autonomy Completes Integration of Idol Into Scrittura Aug 20, 2009
"The events of the last year have shed a harsh light on the derivatives industry - clearly a new approach is required to address the new compliance requirements being established by regulatory bodies around the world," said Anthony Bettencourt, CEO of Autonomy Interwoven. "By combining IDOL's unique meaning-based technology with Scrittura's proven trade-processing capabilities, we will arm capital markets institutions with a solution that can keep pace with the dizzying speed and complexity of... (PR Newswire)
Uganda: Ministers Clash Over Sugarcane Farmers Aug 20, 2009
Farmers say lacking an authoritarian body to oversee their activities is totally unfair since other major strategic cash crops like tea, coffee; cotton and dairy among others have regulatory bodies. Ngabitho says since they lack a governing body, there is no uniform price for sugarcanes, and millers pay farmers differently depending on the region. (allAfrica.com)
It's the gas prices Aug 20, 2009
Greece Oil and Gas Report provides industry professionals and strategists, corporate analysts, oil and gas associations, government departments and regulatory bodies with independent forecasts and competitive intelligence on Greece's oil and gas industry ... Italy Oil and Gas Report provides industry professionals and strategists, corporate analysts, oil and gas associations, government departments and regulatory bodies with independent forecasts and competitive intelligence on Italy's oil and... (Fresno Bee -- Opinion)
Alion amps up RF spectrum services for NOAA Aug 19, 2009
In addition, Alion will work with national and international RF spectrum policy-setting and regulatory bodies to support the agencys spectrum interests. The work will include innovative approaches, enhanced processes and procedures that ultimately will help ensure NOAAs ability to detect, track and observe meteorological phenomena such as hurricanes and other events that directly affect public safety, Sue Archer, senior vice president and manager of Alions Operational Solutions Group,... (FCW.com)
Herbs 'can be natural pesticides' Aug 18, 2009
Unlike conventional pesticides, these "killer spices" do not require more limited approval from regulatory bodies and are readily available. An additional advantage is that insects are less likely to evolve resistance - the ability to shrug off once-effective toxins - Isman says. (BBC News -- Science)
Strong earthquake rocks western Indonesia Aug 16, 2009
The Indonesia Tourism Report provides industry professionals and strategists, corporate analysts, tourism associations, government departments and regulatory bodies with independent forecasts and competitive intelligence on Indonesia's tourism industry. Steady Start To 2009. (Fresno Bee -- Local)
Top Article: Agenda For Reforms 2.0 Aug 15, 2009
Now, the Yash Pal committee has made some radical suggestions, including the replacement of UGC, AICTE and other regulatory bodies by a single one: the Higher Education and Research Council. The opposition to this might be greatly muted by the strong support already indicated by HRD minister Kapil Sibal, and equally by the public exposure through CBI raids and action of long-known corruption in AICTE.. (India Times, India)
Local corporate social responsibility not good enough Aug 14, 2009
But that is why the Government, together with regulatory bodies like ACCA and Securities Commission, is extending a long-term commitment to further the national agenda of sustainability in the corporate sector, he said. Chor noted that local public-listed companies (PLCs) are encouraged to achieve better non-financial reporting through voluntary and mandatory initiatives. (The Star Online, Malaysia -- Business)
State Street hints at stiff fines Aug 11, 2009
Given the meltdown in the financial system, it makes sense that the SEC and other regulatory bodies are taking a closer look at investment companies to see if perhaps there were red flags that were missed, said Sara Shanahan, a partner with Boston law firm Sherin and Lodgen LLP who has handled securities fraud cases. You would think they would be under some political pressure to see if there is any recovery to be had from industry. (Boston Globe)
CC Media Holdings, Inc. Reports Second Quarter 2009 Results Aug 11, 2009
Various risks that could cause future results to differ from those expressed by the forward-looking statements included in this document include, but are not limited to: changes in business, political and economic conditions in the U.S. and in other countries in which CC Media Holdings/Clear Channel Communications currently does business (both general and relative to the advertising industry); fluctuations in interest rates; changes in operating performance; shifts in population and other... (Yahoo! Wire -- Entertainment News)
Liberal to lead review of education industry Aug 8, 2009
Mr Baird will host forums with students, state and territory government officials, regulatory bodies, education providers and diplomatic missions. An interim report is expected by November. (Sydney Morning Herald -- Australia)
The Outsourcing Continuum, Recap Aug 8, 2009
CIOUpdate columnist Mike Scheuerman highlights the most salient points in any outsourcing arrangement (CIO Information Network)
Argosy Energy Inc. Announces 2009 Second Quarter Results Aug 7, 2009
Statements relating to "reserves" or "resources' are deemed to be forward looking statements, as they involve the implied assessment, based on certain estimates and assumptions, that the reserves and resources described can be profitably produced in the future.Investors should not place undue reliance on forward-looking statements as there can be no assurance that the plans, intentions or expectations upon which they are based will occur. These forward-looking statements are made as of the date... (CCNMatthews Press Releases)
Country profile: Afghanistan Aug 3, 2009
Press freedom group Reporters Without Borders says media regulatory bodies are "under the government's thumb". Relays of foreign radio stations or stations funded from overseas are on the air in Kabul, including the BBC, Radio France Internationale, Deutsche Welle and US-funded broadcasts from Radio Free Afghanistan, which uses the name Azadi Radio, and the Voice of America, which brands its Dari and Pashto broadcasts as Radio Ashna ("Friend"). (BBC News -- South Asia)
MAPLE reactors not a quick fix to the global isotope issue Jul 31, 2009
Beyond this, there are requirements for isotope distributors to get approvals of MAPLE-produced isotopes by regulatory bodies such as Health Canada and the US Food and Drug Administration. These hurdles, in a best-case scenario in which the PCR issue is resolved, would take at least five to six years to overcome before the MAPLE reactor and the processing facility could be brought on-line to produce medical isotopes. (PR Newswire)
Goldman Sachs Hatred Might Cost You Your Bonus Jul 30, 2009
Under a bill approved this week along partisan lines by Franks committee, seven regulatory bodies -- from the Fed down to the National Credit Union Administration Board -- would be required to enact new rules prohibiting any incentive-based payment arrangement, that the regulators determine encourages inappropriate risks. . (Bloomberg -- Columnists)
Republic Services, Inc. Reports Second Quarter Earnings Jul 30, 2009
changes by the Financial Accounting Standards Board or other accounting regulatory bodies to generally accepted accounting principles or policies. acts of war, riots or terrorism, including the events taking place in the Middle East, the current military action in Iraq and the continuing war on terrorism, as well as actions taken or to be taken by the United States or other governments as a result of further acts or threats of terrorism, and the impact of these acts on economic, financial and... (PR Newswire)
Heart surgery 'more successful' Jul 30, 2009
But he said: "Pleasingly, the trusts and the regulatory bodies have handled this very responsibly. "When adverse trends have been identified they have usually been found to be due to system or resource issues and it has been possible to reverse these and reverse the adverse trends before they become a problem. " Mr Venn said the data had also helped him pin down and explain risk to individual patients, and his team to improve planning of surgery to ensure best quality care from first to last.... (BBC News)
Australian college dupes Indian students Jul 28, 2009
She informed the delegation that she had taken the issue with state regulatory bodies like VETAB (Vocational Education and Training Accreditation Board) and DEEWR (Department of Education, Employment and Workplace relations), but nothing was done so far. Another student Surendra Egalapati echoed the same concern. (India Times, India)
Jordan's Abdullah: We will promote nuclear power for peaceful purposes Jul 24, 2009
"The Egyptians are looking for a nuclear program. The GCC [Gulf Cooperation Council] are looking at one, and we are actually looking at nuclear power for peaceful and energy purposes. We've been discussing it with the West. "I personally believe that any country that has a nuclear program should conform to international regulations and should have international regulatory bodies that check to make sure that any nuclear program moves in the right direction. " In other words, you're saying that... (Yahoo News -- Jordan)
Tax: why RAs rock Jul 23, 2009
Over the past few years, there have been considerable steps by SARS and other regulatory bodies to make this type of investment vehicle an attractive option in which to invest. This has been due largely due to the favourable tax concessions given to investors as well as the slashing of administration and commission costs. (iAfrica.com)
California Expert Panel Concludes Bisphenol A is Not a Reproductive or Developmental Toxicant Jul 16, 2009
July 15 /PRNewswire-USNewswire/ -- "The American Chemistry Council (ACC) is pleased that a panel of independent scientific experts convened by the State of California concluded today that bisphenol A is not a reproductive or developmental toxicant. After a thorough review of the scientific evidence, the Developmental and Reproductive Toxicant Identification Committee determined that bisphenol A should not be listed under California's Proposition 65. The Proposition 65 conclusion today that... (PR Newswire)
355 foreign employers harassing Indians Jul 16, 2009
"The first PIO university is expected to start functioning on completion of necessary formalities and procedures prescribed by regulatory bodies," Ravi added. Read business stories in. (India Times)
