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“CEO pay is determined by a company’s board of directors. Those directors are compensated for the time they spend shaping the company’s strategy. Here’s what the Fortune 100 executives paid each other from 2008 to 2012. The Pay Pals project relies on financial research conducted by the Center for Economic Policy and Research.”
Managing someone else’s money by NAOMI KARP Millions of Americans are managing money or property for a loved one who is unable to pay bills or make financial decisions. This can be very overwhelming. But, it’s also a great opportunity to help someone you care about, and protect them from scams and fraud. We are releasing four …
“The European Commission has obtained an improved commitments proposal from Google in the context of the ongoing antitrust investigation on online search and search advertising. In its proposal, Google has now accepted to guarantee that whenever it promotes its own specialised search services on its web page (e.g. for products, hotels, restaurants, etc.), the services …
“Offshore tax evasion remains a serious problem for countries and jurisdictions worldwide, with vast amounts of funds deposited abroad and sheltered from taxation when taxpayers fail to comply with obligations in their home countries. Responding to a mandate from G20 leaders to reinforce action against tax avoidance and evasion and inject greater trust and fairness into …
COLLEGE DEBIT CARDS: Actions Needed to Address ATM Access, Student Choice, and Transparency, GAO-14-91: Published: Feb 13, 2014. Publicly Released: Feb 13, 2014: “At least 852 schools, or 11 percent of U.S. colleges and universities, had agreements to provide debit or prepaid card services to their students as of July 2013, and most offered students the ability to receive …
Audit Report – AUD–2014–009. February 12, 2014, FHFA Oversight of Enterprise Handling of Aged Repurchase Demands “Why OIG Did This Report: “Various entities such as banks often sell mortgage loans to two Government Sponsored Enterprises – the Federal National Mortgage Association (Fannie Mae) and the Federal Home Loan Mortgage Corporation (Freddie Mac); taxpayers invested heavily …
OECD Forecasts During and After the Financial Crisis – A Post Mortem. February 11, 2014. “Main Findings: • GDP growth was overestimated on average across 2007-12, reflecting not only errors at the height of the financial crisis but also errors in the subsequent recovery. • Forecast errors were larger in countries that are more open …
“International Debt Statistics (IDS) 2014 is a continuation of the World Bank’s publications Global Development Finance, Volume II (1997 through 2009) and the earlier World Debt Tables (1973 through 1996). IDS 2014 provides statistical tables showing the external debt of 128 developing countries that report public and publicly guaranteed external debt to the World Bank’s …
Towers Watson – “This is a study of the 13 largest pension markets in the world and accounts for more than 85% of global pension assets. The countries included are Australia, Canada, Brazil, France, Germany, Hong Kong, Ireland, Japan, Netherlands, South Africa, Switzerland, the UK and the US. The study also analyses seven countries in …
‘The UK recovery has gained momentum and inflation has returned to the 2% target. Reduced uncertainty, easier credit conditions and the stimulative stance of monetary policy should support continued solid economic growth, with the expansion in demand becoming more entrenched and more broadly based. Robust growth has not so far been accompanied by a material pickup …
“Senior financial supervisors from 10 countries—collectively, the Senior Supervisors Group (SSG)—today issued a report assessing progress on measuring and reporting of counterparty risk by large, complex financial firms. The report—Progress Report on Counterparty Data—concludes that while firms have made improvements in assessing counterparty risk, on the whole current practices fail to meet supervisory expectations or industry …
“For those who question the value of college in this era of soaring student debt and high unemployment, the attitudes and experiences of today’s young adults—members of the so-called Millennial generation—provide a compelling answer. On virtually every measure of economic well-being and career attainment—from personal earnings to job satisfaction to the share employed full time—young …
