February 1st, 2011
There are a few types of professionals who should probably not become bankers later in life. Professional skydivers. Football players. And world-class poker players. The reason for this is not because these individuals are not admirable or intelligent or honest. It has more to do with risk. As I have noted before, some professions lend themselves to individuals who are risk preferers, which means they get more utility (gratification) from each additional dollar than they did from the dollar before it. Football players tend to be risk preferers. Other risk preferers include...
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February 1st, 2011
US Fed cash-flow data called underused weapon in war on drugs (Complinet Special Report)
Reuters (Blog), January 31, 2011
Indian government pressured to stop tax evasion
Daily Telegraph, February 1, 2011
Chair of OECD Working Group on Bribery concerned over delay of new Bribery Act
OECD Press Release, February 1, 2011
Egyptians Rally Against Mubarak as Turmoil Spreads
Bloomberg, February 1, 2011
Kabul Bank employees flee to Pakistan amid investigation into lending, officials say
The Washington Post, February 1, 2011
Big four auditors 'embedded in tax haven world'
Financial Mail, January 30,...
February 1st, 2011
LONDON – The coalition government’s decision to delay the implementation of the landmark Bribery Act for the second time casts serious doubt on its commitment to combatting corruption, said Global Witness, Tearfund, CAFOD and Christian Aid today. Passed with an all-party consensus in April 2010, the Act was supposed to be implemented last October, but was first shifted to April and is now delayed indefinitely.
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