Russia is the 156th country to join the World Trade Organization. US politicians are pressing to normalize relations. Article
US Normalizing Trade Relations with Russia
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UBS Junior Trader Goes to Jail. What Else is Going Down the Drain?
Kweku Adoboli, a relatively junior City trader who almost destroyed the banking giant UBS through increasingly reckless illicit deals, has been jailed after being convicted of what police describe as the biggest fraud in UK history. Article
Marianne Lake New CFO at Chase
Will a woman at the helm of finance at Chase help clean up business? Marianne Lake comes out of the consumer side. Article
JP Morgan Chase to get Formal Notice on Money Laundering
Jamie Dimon’s definition — that if dirty money comes into JP Morgan Chase, rests there and then leaves for other dirty destinations — is not going to fly. Dirty money is dirty money says the US Office of Currency Control. Article
Milk Cows of the World Unite
Milk is a big business. “Milk is an essential need for the human development of Vietnam, and the TH Milk project will bring wide benefits in this effort,” says Ms. Thai Huong, general director of North Asia Bank and chair of TH Milk, which is financing the project.“You must complete your strategic thinking before developing a project like this quickly. However, the critical factor in the success of this project has been the Israeli experts guiding the Vietnamese.” Article
Power Maternity Leaves?
The question is: By working through maternity leave—or using that time to alternate between 4 a.m. breast-feeding sessions and hatching a business plan—are they helping or hurting women? And have we officially entered the age of the maternity leave overachiever? Article
Two-timed women can keep money after being cleared of insider dealing
Two women who between them made more than £600,000 by following share tips from their
two-timing banker boyfriend are set to keep the money after they were cleared of insider trading...article
US Normalizing Trade Relations with Russia, but….
US officials, lawmakers and business lobbies are broadly united in their consensus that enacting permanent normalized trade relations (PNTR) with Russia will provide a boost for American exporters.
But the decision to link PNTR to the Magnitsky Act, named for a whistleblowing lawyer who died in a Moscow jail three years ago, has angered top Russian officials, who accuse the United States of meddling in their country’s internal affairs. Article
Why Women Don’t Take Risks With Their Money
Because women make less than men, not because they’re biologically risk-averse
Read almost any article about personal finance for women and you will find variations on the idea that the ladies find investing scary, intimidating and fail to appreciate the need to take chances to maximize their potential monetary gains. Think of it as “Men are from the Stock Market, Women are From the Passport Savings Account” view of life...article
