The mail room found a few copies of the two-star of yesterday’s WSJ. Story is on B3. (Taken with instagram)
The mail room found a few copies of the two-star of yesterday’s WSJ. Story is on B3. (Taken with instagram)
Knicks guard Landry Fields gets an easy bucket during last night’s 100-85 victory over the Kings. The Knicks have emerged since point guard Jeremy Lin was inserted into the starting lineup and have won seven straight games. (Chris Trotman/Getty Images)
VIDEO: Lin’s sensational start | Ten breakout moments
ROBSON: Hot Knicks shoot up in latest Power Rankings
House lawmakers and Bill Gates each sent letters to the Securities and Exchange Commission calling for the agency to finalize a key rule and raising the stakes in the fight over extractive issuer disclosure under the Dodd-Frank Act.
The letter from 14 members of the House of Representatives, led by Rep. Barney Frank (D., Mass.), notes their concern with the SEC in being so far behind in meeting the April 2011 statutory deadline for releasing final rules governing a program for oil, gas and mining companies to have to disclose the payments, at project-level, they make to foreign governments.
Industry has fought hard to weaken the proposed rules that came out in December 2010, if not push the SEC to start over from scratch.
“We urge you to resist this pressure and promptly release a strong and effective final rule,” the letter from House lawmakers said.
A spokesman from the SEC declined to comment on either letter sent Wednesday.
The U.K. Serious Fraud Office, which is in charge of investigating and prosecuting alleged violations of the Bribery Act, along with other major corruption cases, is now itself under investigation.
Dominic Grieve, the U.K. attorney general, ordered an inquiry by the Crown Prosecution Service Inspectorate, which serves in a statutorily mandated inspector general role over the CPS, the Financial Times (sub req) and Reuters reported. The probe will review cases taken by the SFO, along with how it selects which cases to investigate.
A spokesman for the SFO confirmed to the FT that the attorney general had written to Richard Alderman, the SFO director, to discuss a review of the agency’s “casework and broader issues,” but declined to comment further.
Had a split byline in today’s Wall Street Journal, but it only appeared in the two-star edition. Here’s an online screen-grab because I can’t get a print copy.
— I want what always comes to mind on an uptown 6: “Up to Lexington 125. Feel sick and dirty more dead than alive.” (via frontofbook)
(Source: The New York Times, via frontofbook)
To LINfinity and BEYOND!!!
Got that GIF I wanted. Tumblr never lets me down.
— In China, Knicks’ Lin Emerges as a Star and a Symbol - NYTimes.com
IN CASE YOU MISSED IT: Valentine’s Day. Asian Heritage Night in Toronto. Game Tied. Ten seconds left. Lin calls ISO. Three for the win. Madness ensues.
It’s even better with Mike Breen and Clyde on the call. “Puts it up…..BANG! JEREMY LIN!”
Jeremy Lin does it again, he now has scored 130 points in his first five starts, passing Shaq for the most since the ABA-NBA merger. Tonight, he caps a miraculous comeback against the Raptors with THIS shot.
Hat tip to Philip Bump for the video
UNREAL. UNREAL.
(via soupsoup)
Activists are taking on the Securities and Exchange Commission.
A group of non-profits, led by Oxfam America, took out a full-page color advertisement on page A10 in the Washington, D.C.-area edition of Tuesday’s Wall Street Journal calling for the SEC to implement final rules governing a mandatory disclosure program created under the Dodd-Frank Act for oil, gas and mining companies to reveal payments they make to foreign governments.
“When oil companies pay governments around the world for access to oil and gas, the deals are very hush-hush,” the ad says. “In an effort to curb corruption, stem violence and boost energy security, Congress passed a law requiring companies to disclose those payments to host governments.
“But companies are still fighting to keep their tax and other paymets secret from investors and communities. They may even sue,” the ad says, telling companies to stop fighting transparency.
Goodyear Tire & Rubber Co. said Tuesday it disclosed an internal investigation into possible violations of U.S. foreign bribery law to the authorities.
The Akron, Ohio-based company said in its annual report it received an anonymous tip in June 2011 via its whistleblower hotline that Goodyear’s majority-owned joint venture in Kenya may have made improper payments. A month later an employee in Angola reported similar allegations.
Goodyear said in the filing that it has concluded its internal investigation, and voluntarily disclosed the results to the Justice Department and the Securities and Exchange Commission. The company said it’s cooperating with the agencies in their review of the matters.