More anecdotes / data on the gambling phenomenon I blogged about this weekend…Bloomberg News via Peter Boockvar: The ProShares Ultra Pro QQQ (TQQQ), which mimics the NDX but three times the daily exposure, collected $1.5b in the past 8 trading days, the most over this time frame since 2010. The money though came in as […]
Archives for September 2020
Dispute over DST talks continues
National governments are moving forward with their own digital services tax (DST) as patience wears thin on progress of rules at the OECD level. “Every tax jurisdiction is going to be under pressure to collect more from all taxpayers, but probably foreign taxpayers are an easier target than local taxpayers,” says Laurence Field, partner at […]
1950s women lose state pension case appeal
The Court of Appeal has backed the High Court judgement which rejected claims that an increase in State Pension Age affecting women born in the 1950s was discriminatory. The Court of Appeal unanimously dismissed claims of age discrimination, sex discrimination, and lack of notice. The Back to 60 campaign claimants had argued that raising their […]
No regulation needed for communication apps: Trai
In key recommendations regarding operations of global communication apps in India, telecom regulator Trai has said services such as WhatsApp, Facebook Messenger, Apple FaceTime, Google Chat, Skype, Telegram and even newer players such as Microsoft Teams, Cisco Webex and Zoom should not be bound by a regulatory regime as of now and there should not […]
MFA Bypass Bugs Opened Microsoft 365 to Attack
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#FASuccess Ep 194: Aligning Values To Clients With Sustainable Investing And Becoming B Corp Certified, With Lisa Cooper
Executive Summary Welcome back to the 194th episode of Financial Advisor Success Podcast! My guest on today’s podcast is Lisa Cooper. Lisa is the founder of Figure 8 Investment Strategies, an independent RIA based in Boise, Idaho that oversees nearly 90 million of assets under management for 85 affluent clients. What’s unique about Lisa, though, is […]
Former Facebook employee accuses firm of failing to act on political manipulation: Report
Former Facebook data scientist Sophie Zhang has alleged in a 6600-word memo that the social media giant knew leaders of countries around the world, including India, were using their site to manipulate voters — and failed to act, according to a news report by Buzzfeed. Her memo is filled with concrete examples of heads of […]
Lessons from lockdown: Stories of innovation and collaboration with Pam Phillips and Darryl Swift
Accountants aren’t just number-crunchers – they’re essential business partners. That means they’ve not only been working hard helping clients get to grips with their finances and government schemes like CBILs and furlough, but also helping them to get through the pandemic by sharing vital information every step of the way. Earlier this week, I hosted […]
No easing of India ban post TikTok’s Oracle deal, say officials
New Delhi | Bengaluru: TikTok and Oracle’s business partnership in the US is unlikely to lead to an easing of the ban on the short-video platform in India, two senior government officials told ET. The officials said the partnership, even if it extends to India, will not be adequate as it does not assure the […]
Trai rules out need to regulate OTT players, for now
The telecom regulator has said that there was no need to regulate communication apps such as Facebook,WhatsApp, Viber and Google, popularly known as over-the-top (OTT) players, for now, saying this isn’t the right time to come up with any comprehensive regulatory framework on this score. The Telecom Regulatory Authority of India (Trai), in its recommendations […]