US politic deadlock threatens world economy - 2 views
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Financial Blog Corliss Online Group: Another deficit of clear thinking among Hong Kong'... - 1 views
Philip Bowring is appalled by the report on fiscal planning(http://www.scmp.com/comment/insight-opinion/article/1443828/another-deficit-clear-thinking-among-hong-kongs-fiscal) that seeks to preserv...
Hong Kong forecasts fastest economic growth in 3 years - 1 views
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Financial Tips Corliss Group Online Magazine: 10 Things Liberals Believe the Government... - 1 views
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Felipa Adams on 13 Oct 14Is there anything that big government does well? I mean sure, our military is really pretty practiced at breaking things and shooting people; which (I guess) explains why they are being sent to fight Ebola. (If that logic escapes you, don't worry… I think a lot of us feel that way.) And yeah, the IRS is pretty good at separating me from my hard-earned money; but, then again, so is liberals. We on the right have been asking it for decades… And we still haven't been able to solicit a single honest answer from defenders of of the state. In fact, satire, sarcasm, and a little incredulity, is the general response from our esteemed colleagues on the other side of the ideological divide.
Corliss Group Online Financial Mag, Thai Tourism Hurt as Protests Mean Lunar New Year T... - 1 views
Thai anti-government protests that have shut down parts of Bangkok may cost the nation's tourism industry as Chinese visitors cancel trips during the lunar new year holiday that starts this week. ...
Corliss Group Online Financial Mag - Hong Kong's top ranking for economic freedom feels... - 1 views
Did the Heritage Foundation ever send its experts into the streets of Hong Kong to meet ordinary people and ask them how free the city's economy has become in recent years? The right-wing US think ...
Financial Blog Corliss Online Group: Two Systems, One Country - 1 views
The brutal attack on the former chief editor of a major Hong Kong newspaper has appalled and shocked this city, where violent crimes are rare. Kevin Lau Chun-to, a veteran journalist who had just s...
Financial Blog Corliss Group: Wall Street accountable after the crisis - 2 views
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How the Government Botched Its Effort to Hold Wall Street Accountable After the Crisis The Department of Justice (DOJ) fell down on many of its efforts to hold Wall Street accountable for mortgage fraud after the crisis, according to a new audit from the U.S. Department of Justice Office of the Inspector General (OIG). The DOJ promised the public that it would place a priority on going after mortgage fraud. But the report finds that "DOJ did not uniformly ensure that mortgage fraud was prioritized at a level commensurate with its public statements." One telling example is that the Federal Bureau of Investigation (FBI) ranked mortgage fraud as the lowest threat in its lowest crime category. The OIG also visited FBI field offices in Baltimore, Los Angeles, Miami, and New York and found that either it was a low priority or not even listed as a priority. Meanwhile, the FBI got $196 million in funding to investigate mortgage fraud between 2009 and 2011, yet the number of agents doing the investigation decreased in the same time, as did the pending investigations. More related issue from Corliss: http://corlissonlinegroup.com/ http://corlissonlinegroup.com/blog/ http://corlissonlinefinancialmag.blogspot.co.uk/ http://www.pinterest.com/geraldhussen/corliss-online-financial-mag/
Tokyo investors focus on US debt woes by Corliss Online Financial Mag - 1 views
http://www.skynews.com.au/businessnews/article.aspx?id=912230 Tokyo investors will stay focused on the US government shutdown next week, as fears grow it could lead to a devastating debt default a...
Financial Blog Corliss Group Cybercrime Could Cost Global Economy Over $500 Billion - 2 views
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McAfee report paints grim picture of lucrative industry, despite incomplete data. Cybercrime could be costing the global economy as much as $575 billion annually, according to a new report from McAfee. The Intel-owned security company based its estimate on a range of sources, from government agencies to NGOs and academic institutions, counting both direct and indirect costs. The report, Estimating the Global Cost of Cybercrime explained the methodology as follows: "This study assumes that the cost of cybercrime is a constant share of national income, adjusted for levels of development. We calculated the likely global cost by looking at publically available data from individual countries, buttressed by interviews with government officials and experts. We looked for confirming evidence for these numbers by looking at data on IP theft, fraud, or recovery costs. In addition to a mass of anecdotes, we ultimately found aggregate data for 51 countries in all regions of the world who account for 80% of global income. We used this data to estimate the global cost, adjusting for differences among regions." However, the vendor cautioned that "differences in the thoroughness of national accounting", as well as underreporting of incidents and the difficulty of valuing IP all make calculations an imprecise art. High income countries lost more as a percentage of GDP, which could be because they have better accounting systems in place and/or that their IP is more valuable and therefore a bigger target for criminals. The $575bn figure therefore comes from extrapolating a global total from high loss countries. It could be as low as $375bn if McAfee had extrapolated from "all countries where we could find open source data".
Corliss Group Online Financial Mag, Stocks Fall as Slide in Emerging Markets Sends Bond... - 1 views
http://www.sfgate.com/business/bloomberg/article/Stocks-Fall-as-Slide-in-Emerging-Markets-Sends-5172877.php Jan. 24 (Bloomberg) -- Global stocks tumbled the most since June, as the biggest drop in...
Corliss Group Online Financial Mag Hong Kong Reading Spain's economy through art sales - 1 views
Corliss Group Online Financial Mag Hong Kong Reading Spain's Economy Through Art Sales Spain's art world was whiplashed by the country's bubbly rise and quick collapse. Signs of the trauma linger ...
Corliss Group Online Financial Mag Hong Kong Between A Rock and Hard Place - 2 views
Corliss Group Online Financial Mag Hong Kong Between a rock and hard place One of a handful of Britain's remaining possessions, Gibraltar is an interesting anachronism says Gillian Vine. Last yea...
Corliss Online Group Financial Mag: Can Hong Kong Solve Scotland's Currency 'Fankle'? - 1 views
Scottish nationalists are in a quandary: how to dissolve the three-century bond with the United Kingdom while preserving their monetary link with the British pound. And Hong Kong may provide the a...
Financial Blog Corliss Group: Russia Admits That Its Economy Is In Crisis - 1 views
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MOSCOW (Reuters) - Russia's government acknowledged for the first time on Monday that the economy was in crisis, undermining earlier attempts by officials to suggest albeit weakening growth it could weather sanctions over Ukraine. Moscow markets wait to see the full scale of western measures over the seizure of Ukraine's Crimea and support of its referendum to join Russia, after losing billions of dollars in recent weeks in state and corporate money. More from Corliss: http://corlissonlinegroup.com/ http://corlissonlinegroup.com/blog/ https://www.facebook.com/corlissonlinefinancialmag https://twitter.com/CorlissGroupMag
Corliss Online Financial Mag on What's changing, what's not, in a shutdown - 1 views
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WASHINGTON (AP) - October 1, 2013 (WPVI) -- Campers in national parks are to pull up stakes and leave, some veterans waiting to have disability benefits approved will have to cool their heels even longer, many routine food inspections will be suspended and panda-cams will go dark at the shuttered National Zoo. Those are among the immediate effects when parts of the government shut down Tuesday because of the budget impasse in Congress. A look at what is bound to happen, and what probably won't: ___ THIS: Possible delays in processing new disability applications. BUT NOT THIS: Social Security and Medicare benefits still keep coming. ___ THIS: Washington's paralysis will be felt early on in distant lands as well as in the capital - namely, at national parks. All park services will close. Campers have 48 hours to leave their sites. Many parks, such as Yellowstone, will close to traffic, and some will become completely inaccessible. Smithsonian museums in Washington will close and so will the zoo, where panda cams record every twitch and cuddle of the panda cub born Aug. 23 but are to be turned off in the first day of a shutdown. The Statue of Liberty in New York, the loop road at Acadia National Park in Maine, Skyline Drive in Virginia, and Philadelphia's Independence National Historical Park, home of Independence Hall and the Liberty Bell, will be off limits. At Grand Canyon National Park, people will be turned back from entrance gates and overlooks will be cordoned off along a state road inside the park that will remain open. "People who waited a year to get a reservation to go to the bottom of the Grand Canyon all of a sudden will find themselves without an opportunity to take that trip," said Mike Litterst, a spokesman for the National Park Service. More Financial News: http://ireport.cnn.com/docs/DOC-1037871 http://ireport.cnn.com/docs/DOC-1036282
Financial Blog Corliss Group: From Corporate Giants to Main Street, Fraud is on the Rise - 1 views
Investors, analysts and corporate directors rely on external audits to keep companies honest. But a new study says audits are woefully ineffective at uncovering fraud. In fact, more than twice as m...