| JPMorgan Institutional Trust Services Expands Latin American Presence ...
(CSRwire) JPMorgan Institutional Trust Services today announced the appointment of Marcela Pino as its Client Services Manager in the JPMorgan Chase Mexico City office. Ms. Pino's appointment expands Institutional Trust Services' global network, extending the division's Latin American presence and re-asserting its commitment to this market. Ms. Pino will have responsibility for Institutional Trust Services in its role as fiduciary, paying agent, and collateral agent. She will also be charged with developing or expanding relationships with both issuers of debt and intermediaries throughout the region. An economist trained in Brazil, Ms. Pino previously served as a controller and chief financial officer for JPMorgan Mexico, supervising accounting and risk management in Mexico, Peru, and Venezuela.
President Bloomberg?
His platform, so far, consists of a vacuous rhetoric that lets listeners read into it whatever they want. He would end "the tired debate between the left and the right, between Democrats and Republicans." Oh really? He would pull Washington out of its "swamp of dysfunction." How grand! Michael Bloomberg, who couldn't get a crowd to stand on its feet and cheer with real enthusiasm to save his life; Michael Bloomberg, who raises the temperature in the room only when he reaches for his wallet; Michael Bloomberg, who has managed to duck every tough question about the direst issues confronting our country, from Iraq to Iran. Michael Bloomberg will run for president because he hears America calling for change. He alone hears his own name in that same wind, but no matter. He can do so because he can afford to.
Schwarzenegger's bad-news budget
Besides, rigid formulas are no substitute for the types of line-by-line judgment calls that the governor and legislators are elected to make. Schwarzenegger is right to serve up the fiscal news in unadorned fashion. There aren't any easy answers. A resolution to this mess will require a revival of bipartisan spirit that has helped this governor in the past - but may be very hard to find if interest groups and anti-tax ideologues dig in their heels. .
If April 15 isn't on your mind, maybe it should be
Beware: Your children may now face the kiddie tax even when they're no longer kiddies. The tax is designed to block parents in a high tax bracket from shifting income-producing assets to a child in a low bracket. Before 2006, it targeted youngsters under age 14 by making them potentially liable for tax at their parent's higher rate -up to 35 percent compared with as little as 10 percent for the child. For 2007, kiddie tax can hit through age 17, and for 2008 it can hit through 18 or through 23 for full-time students. Exceptions may apply to older children who hold jobs and mostly support themselves, but the new sweep is broad. "Children who are not subject to the kiddie tax this year may be hit by it next year," cautions accountant James Erdekian, a partner at Feeley & Driscoll in Boston.
July 2006
An American car company can move its factories to Mexico and claim it's a Free Market. An American toy company can outsource to a Chinese sub-contractor and claim it's a Free Market. An American branded shoe company can produce its shoes in India and claim it's a Free Market. An American bank can move its corproation to Bermuda to avoid U.S. twes and claim it's a Free Market. We can buy cheaper ink-jet printers made in Mexico and cheaper sports shorts made in Bandladesh, because it's a Free Market. In fact, we can purchase almost anything we want (and save money by doing so) from twenty different foreign countries because it's a Free Market... Free for some, but illegal for you and me But Heaven help the Elderly and Disabled who dare to buy their prescription drugs from a Canadian Pharmacy! That, our leaders say, is Un-American.
Gazprom, Rosneft at War of Succession
Sibneft and Gazprom have reached principal agreement on selling Sibneft stocks to the gas monopoly, Interfax reported Friday, pointing out the deal parameters, including the budget and sources of funding, have not been determined yet. As long as the price remains unclear, it is too early to speak of any agreement, sources of Kommersant insist. As informed earlier, Gazprom is eying the stake of 92 percent in Sibneft (where the principal holders, including Chukotkas governor Roman Abramovich, own 72 percent) and is in talks to raise a loan of $10 billion.
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Spineless Democrats
Rob Kall: The DCC Just Hung Up On Me (55 comments) I won't tolerate being in an abusive relationship... and that's what it seems to be turning into between me and the Democratic congress. Shame on them. Allen L Roland: *GEORGE W BUSH / TORTURER IN CHIEF WITH NO EFFECTIVE OPPOSITION (2 comments) George W Bush will get his payback for his flagrant transgressions of justice as well as the preemptive death and destruction wrought by his administration. It will be devastating and humiliating and this enormous karmic debt will be called before the end of this decade. But it will not be called by the current Congress for there is no Opposition Party representing the vast majority of Americans who are fed up with Bush. Sunday, October 14: Randy LoBasso: To Change the Subject: Smear (3 comments) Right wing spin has no boundaries.
Off the map in Africa
And most oil companies are neither based in Geneva, best-known for United Nations' agencies and secretive banks, nor expect takeover offers from Asian energy interests, the exit scenario considered most likely by Mr. Gandur, Addax's chief executive officer and controlling shareholder. "We are the reverse of most companies," he said. .
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