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The world financial crisis causes us to pause and reconsider many of the things we quietly accepted over the past years. The news here is intended to help us as we seek to stabilize our governments, our businesses and our personal financial lives.
Jim Wes News May 25, 2013 members login here
>>   Accounting
Indian software industry to see strong revenue growth: PwC 
News Track India - 7 Hours ago
New Delhi, May 25 (IANS) The Indian software industry is poised for a strong revenue growth driven by social media, mobility, analytics and cloud, said a report published by PricewaterhouseCoopers (PwC).The
Indian software industry to see strong revenue growth PwC Argentina Star
Indian software industry poised for strong revenue growth PriceWaterHouseCoopers
all 2 news articles >>    Add Comment

Assembly panel puts hold on condom, bullet tax bills 
Los Angeles Times - 15 Hours ago
SACRAMENTO -- A state Assembly panel on Friday shelved 144 bills that would have cost the state $2.8 billion, including measures to require condoms for adult film actors and to put a 10% tax on bullet     Add Comment

President Pranab Mukherjee to visit Tripura 
The Hindu - 3 Hours ago
President Pranab Mukherjee has given his consent to attend two convocation programmes in Tripura. Official sources said he will arrive in Agartala on June 20 on a two day visit during which he will also
President Pranab Mukherjee administering the oath as the Comptroller and Auditor  The Sunday Indian
President Pranab Mukherjee sad over frequent disruptions in Parliament Edit Hot
all 2 news articles >>    Add Comment

Zumiez Beats on EPS But GAAP Results Lag 
Motley Fool - 3 Hours ago
The 10-second takeaway For the quarter ended May 4 (Q1), Zumiez met expectations on revenues and beat expectations on earnings per share. Compared to the prior-year quarter, revenue grew. Non-GAAP earnings     Add Comment

Indian IT to see strong revenue growth: PwC 
Times of India - 6 Hours ago
Indian software industry is poised for a strong revenue growth driven by social media, mobility, analytics and cloud, said PwC.    Add Comment

Destination XL Group Beats on EPS But GAAP Results Lag 
Motley Fool - 3 Hours ago
The 10-second takeaway For the quarter ended May 4 (Q1), Destination XL Group missed estimates on revenues and beat expectations on earnings per share. Compared to the prior-year quarter, revenue dropped     Add Comment
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>>   Finance news
Jordan economy set to grow 3.5 pct in 2013 - central banker 
Reuters - 45 Minutes ago
central banker DEAD SEA, Jordan Ziad Fariz told Reuters on the sidelines of a World Economic Forum (WEF) conference on the Middle East that the latest estimate, compared to 2.7 percent growth posted last     Add Comment

Obama nominates 2 Senate aides as SEC commissioners 
Los Angeles Times - 11 Hours ago
Two senior U.S. Senate aides were nominated by President Obama to join the Securities and Exchange Commission. Kara M. Stein would replace Elisse B. Walter as a Democratic commissioner and Michael S.
Obama nominates Senate aides to serve as SEC commissioners Find Law
REFILE-UPDATE 1-Obama nominates Senate aides to serve as SEC commissioners XE
all 3 news articles >>    Add Comment

Asia Stocks Cap Worst Week Since July; Japan Plunges After Rally 
Washington Post - 16 Hours ago
May 25 (Bloomberg) -- Asian equities fell the most since July this week as Chinese manufacturing data missed estimates and amid concern that the U.S. might begin to unwind stimulus. Japanese shares had     Add Comment

The week's best web reads: 10 stocks hedge funds love the most 
Globe and Mail - 3 Hours ago
Inside the Market's weekend roundup of some of last week's best investing reads on the Internet, which are highlighted every morning in our premarket report. Here are the 10 stocks that hedge funds love     Add Comment

Premarket: Stocks to see more losses ahead of long U.S. weekend 
Globe and Mail - 15 Hours ago
Stock futures are suggesting modest losses at the open of Canadian and U.S. stock markets this morning, as the volatility in global markets on Thursday has convinced many investors to book some profits     Add Comment

The opportunity in crisis-mauled stocks 
Globe and Mail - 16 Hours ago
Investment writers are often asked about big picture ideas that we personally think make the most sense in offering opportunities for profit. Having spent years following the activities of fund managers     Add Comment
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>>   Corruption
Pillorying govt for corruption might be an escapist option 
Rediff.com - 6 Hours ago
The cricket establishment is a disgrace; the cricket boss is a businessman And what does one make of Ranbaxy [ Get Quote ] -- once a poster boy for the emerging India [ Images ], but which now stands     Add Comment

Kilpatrick due in court Thursday for corruption case hearing 
ClickOnDetroit.com - 5/23/2013
Former Detroit Mayor Kwame Kilpatrick is returning to federal court, more than two months after his corruption conviction. Show Transcript Hide Transcript AT THE ACCIDENT. BACK TO YOU. Rhonda: 6:02 IS     Add Comment

Singh pledges corruption crackdown 
ENCA - 5/23/2013
New Delhi - Indian Prime Minister Manmohan Singh pledged on Thursday to crack down on corruption in the defence sector after a string of recent graft scandals left his government facing renewed calls     Add Comment

Focus on governance principles to fight corruption: Arun Maira 
Economic Times - 5/23/2013
NEW DELHI: There is a need to focus on the principles of governance to curb corrupt businesses practices, Planning Commission member Arun Maira said today. "A measure to tackle the problem is by fixing
'Focus on governance principles to fight corruption' Economic Times
all 1 news articles >>    Add Comment

Petty Corruption on the Rise 
Vietnam Business Forum - 5/23/2013
"That citizens have to spend unofficial expenses to bribe officials to seek employment, complete land procedures, schooling procedures, health checks and disease treatments is rampant nationwide. Now,     Add Comment

Gov’t To Investigate Corruption Claims At GYEEDA 
Modern Ghana - 5/23/2013
Government has instituted investigations into alleged corruption and mismanagement in the Ghana Youth Employment and Entrepreneurial Development Agency (GYEEDA), according to a statement released by government.Mr.     Add Comment
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>>   ponzi
Sudipta Sen cash trail may lead to S'pore, Bangkok 
Economic Times - 6 Hours ago
KOLKATA: With the BidhannagarCommissionerate stumbling over the 30-odd foreign bank accounts where Sudipta Sen seems to have stashed his money, a reference is being made to the (FIU) - an independent     Add Comment

Hedge Fund Manager Maiden Pleads Guilty To Fraud 
FINalternatives - 21 Hours ago
North Carolina hedge fund manager Stephen Maiden has admitted running an $8.9 million Ponzi scheme. Maiden pleaded guilty yesterday. He struck a plea deal with federal prosecutors, who accused the Maiden     Add Comment

Black Moon Theatre Company Opens CHARLES PONZI - A DOLLAR AND A SCHEME 
Broadway World - 5/22/2013
Black Moon Theatre Company will present the World Premiere of CHARLES PONZI - A DOLLAR AND A SCHEME. This multimedia biographical drama is written and performed by Alessio Bordoni and directed by Rene     Add Comment

Petters-Linked Hedge Fund Manager Goes On Trial 
FINalternatives - 5/21/2013
The opposing lawyers in the fraud trial of hedge fund manager James Fry agree on one thing: Ponzi scheme mastermind Thomas Petters is not a good guy. The trial of Fry, the founder of Arrowhead Capital     Add Comment

'RBI, SEBI should create awareness against ponzi schemes' 
IBNLive India News - 5/19/2013
Kolkata: In the backdrop of the chit fund scam, the State Bank of India on Saturday said Reserve Bank of India or Securities and Exchange Board of India should take up major campaigns to create awareness
RBI or SEBI should create awareness against ponzi schemes: SBI Deepika Global
RBI or Sebi should campaign against ponzi schemes: SBI India Everyday
all 4 news articles >>    Add Comment

Sedgwick Bids to Trim Claims Arising From Ponzi Scheme 
LegalTimes.com - 5/17/2013
ALM Reprints is one of the world's fastest growing information providers, serving the legal, financial and professional services market globally. We have an unquestioned reputation for delivering high-quality, all 2 news articles >>    Add Comment
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>>   accounting scandal
Pescanova SA’s Chairman Is Charged With Alleged Accounting Fraud-Reuters 
Reuters UK - 5/23/2013
2:53pm BST Reuters reported that Pescanova SA’s Chairman of the Board, Manuel Fernandez de Sousa-Faro, and some Members of the Board of the Company have been charged with alleged corporate crimes, including     Add Comment

Ex Saab FD arrested for accounting fraud 
AccountingWEB UK - 5/23/2013
More social links Twitter Facebook Linkedin Google+ Three former top executives at carmaker Saab Automobile, including a former finance director, have been arrested in Sweden on suspicion of tax offences.
Ex Saab FD arrested for suspected accounting fraud AccountingWEB UK
all 1 news articles >>    Add Comment

Three Former Saab Executives Arrested on Accounting Fraud Charges 
Inautonews - 5/20/2013
Swedish prosecutor Olof Sahlgren said the three Saab executives are “suspected of aggravated attempts to avoid tax controls” by falsifying parts of the company’s accounts from 2010 to 2011. For this crime     Add Comment
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>>   creative accounting
Council Votes on Budget, Discusses Rates, City Shop 
Monticello News - 6 Hours ago
The Monticello City Council voted to tentatively approve their $9.691 million preliminary budget for 2014 Tuesday night at their regular business meeting. This vote came after some heated discussion over     Add Comment

(Y)earning for the Truth 
Daily Reckoning Australia - 5/24/2013
The measurement of price per earning can vary depending on what earnings basis is used to perform the calculation. Year on year this variability can ‘muddy the waters’ as to whether the market represents     Add Comment

The Billion-Dollar Loophole Cook Forgot To Talk About 
Huffington Post - 5/21/2013
When Apple CEO Tuesday, much of the questioning centered around why so much of the company’s money sits untaxed overseas. Cook defended the practice, saying his company doesn’t “depend on gimmicks” to     Add Comment
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