Financial Data: Who are some competitors to CaptalIQ, Bloomberg, and Reuters? Any emerging market competitors out there? #second #chance #finance


#reuters finance

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1) The biggest strength of Bloomberg s and Reuters financial data products is coverage. You can punch almost anything into a Bloomberg terminal and get meaningful, reasonably accurate data back.

2) The next most important strength is ubiquity (network effect). As a financial professional, you can quit one job, start at another the next week, and be immediately up and running because everyone has Bloomberg (or, to a lesser extent, Reuters).

3) Finally, Bloomberg and Reuters are highly available. I can remember only one large Bloomberg outage in the last decade I ve been using their terminals, which is very difficult to pull off with such a large and complex platform.

Potential competitors from emerging markets appear all the time, but in general, financial jobs are in developed markets, and the barriers to entry there are very high for EM companies. Usually, if an emerging market startup gets strong enough to be useful, it will be bought out by a developed market company looking to expand its offering there.

For example, Capital IQ bought Simply Stocks, an Indian firm, in the early 2000s. Simply Stocks actually had more employees than CapIQ at the time and was producing good primary-source data by manually mining company financial reports, but they were minimally profitable and their infrastructure consisted of cobbled-together desktop PCs. They had essentially no backup systems. Their power would go out regularly. Their database systems and back-end software needed lots of optimization. And so on.

Generally speaking, a new emerging market competitor faces massive difficulties in breaking into the financial data platform business – underdeveloped infrastructure, low capitalization, and being on the wrong side of network effects, just to start. And we haven t even touched on the low availability of trained talent to work on this potential competing platform, the cost of sourcing the data for it, the difficulties in advertising it to the target audience, and the myriad other minor difficulties facing any startup technology venture.

China (by which I mean an SOE) could probably do it. There s an underserved market of financial professionals throughout Asia and Africa that could use a financial data platform targeted at them specifically, but it would be a long hard slog to get such a thing up, running, profitable, and eventually competitive with Bloomberg and Reuters.


What are the benefits of campaign finance reform? The Washington Post #short #term #finance


#campaign finance reform

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What are the benefits of campaign finance reform?

By Sam Power November 17, 2015

Recently, Ray LaRaja and Brian Schaffener made a fascinating contribution to this blog outlining recent developments in party funding research. They essentially asked three questions:

  • Whether party funding reform can help tone down political polarization.
  • If states were to increase their funding of political parties, how it should be done.
  • How we can design a system that can allay public fears of corruption.

Such questions keep party funding reformers up at night. I cannot necessarily provide solutions. But there might be some useful information in lessons learned from research on Europe, and more specifically, Great Britain.

The overwhelming trend among European nations is to increase state funding for political parties, as you can see in the timeline below, with source data from van Biezen and Kopecký .

Britain and the U.S. are the exceptions in the developed world. The government does not pick up much of the bill. Academics explain that British exceptionalism as the result of British citizens persistently preferring volunteerism over statism. A system of membership and donations is preferred to state funding — despite the many times in which Britons perceive corruption within this model.

A system in which party membership and small individual donations make up most of a political party’s annual budget is undoubtedly preferable to one in which parties are propped up by the government. It is, however – especially considering the Europe-wide downturn in party membership – a utopian vision.

But does national funding for parties reduce polarization?

LaRaja and Schaffener remain unconvinced. Other studies tend to corroborate this skepticism.

One scholar, Andrew B. Hall. studied five state legislatures and found that public funding for parties actually increased polarization. In these systems, small donations are matched with state funds. Small donations tend to come from party members, who, in turn, tend to be more extreme than the party elite – and, what’s more important, more extreme than the pool of potential voters.

We see this currently in Great Britain with the election of Jeremy Corbyn as the leader of the Labour party. He is widely supported by grass-roots membership, less so by the parliamentary party .

Polarization and state finance has also been studied elsewhere in Western Europe. Munich-based political scientist Michael Koβ shows that reform tends to happen when politics is more collegial. Again we can look to Britain to see why this might be.

Polling consistently shows that the public believes large donations can buy political favors. However, the proposed solution – a cap on donations, offset with the introduction of increased funding by the state – remains publicly unpopular. Politicians have a better chance of surviving the damage at the polling booth if both or all parties have backed the reforms.

But if the logic behind reform is to strengthen democracy, that might be contradicted by having (1) parties colluding to (2) introduce an unpopular reform which (3) increases the amount of funding they receive (4) from the taxpayer. In fact, it might actually increase the anti-establishment and anti-political feeling that some believe these reforms should quell.

But even if you reject that argument, Democrats and Republicans are widely considered to be especially ideologically opposed just now. If funding reform tends to take place when the political climate is congenial, now might not be the moment.

So would state funding of political parties decrease corruption?

There is little evidence that introducing significant state funding will reduce corruption, and more importantl, perceptions of corruption. Just because you have state funding doesn’t mean your country is, or is perceived to be, less corrupt.

Take Denmark, which for the past three years has been at the top of the Transparency International (TI) Corruption Perceptions Index. Despite being a supposed beacon of integrity, Denmark has recently had its party finance legislation criticized by the Group of States against Corruption (GRECO) — particularly, its failures to meet the obligation to be transparent.

Denmark has a robust system of state subsidy of party finances, with upwards of 75 percent of funding provided by public money. As the GRECO criticism shows, this does little to allay fears of corruption in the system or to improve the standing of the parties with the public.

Another TI indicator, the Global Corruption Barometer, reported that 54 percent of the public believed that political parties were somewhat to entirely “run by a few big entities acting in their own best interests.”

If reformers genuinely want to strengthen democracy, promising that public funding would deliver too much might disappoint, leaving citizens with still more anti-establishment and anti-political feelings.

There are many reasons to enact reform. Certainly many people believe that politicians have better things to do with their time than begging for donations from a few rich backers. That does not mean, however, that the unique challenges reform presents should be ignored (a potential increase in political polarization being one).

But those pushing for reform shouldn’t overpromise or expect too much. They should be considered within a wider package of reforms that address political disillusionment. If introduced as the attempt to reduce anti-democratic and anti-establishment feeling, or worse to reduce corruption in politics, they will disappoint.

Sam Power is a doctoral researcher at the Sussex Centre for the Corruption, University of Sussex. His research is focuses on party funding regimes and corruption in Western Europe.

What Twitter is talking about

Since the beginning of August, tweets about immigration have made up about 18 percent of the Twitter conversation around core election issues. But tweets on the topic soared to almost 60 percent of the election-related Twitter conversation after Donald Trump’s statements about a potential “softening,” his visit to Mexico and then his address on the topic Wednesday night in Phoenix. This data comes from the Electome — a project of the Laboratory for Social Machines at the MIT Media Lab that’s been analyzing social media data about the election

Immigration is dominating the election conversation on Twitter

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How much Hillary and Bill Clinton have donated to charity between 2001 and 2015. In that 15-year period — the years since the Clintons left the White House — they earned about $237 million in adjusted gross income,much of it from speaking fees and book royalties. So Clinton and her husband donated about 9.8 percent of their adjusted gross income.

How much The Post has been able to identify Trump as donating from his own pocket since 2001. According to tax records, the last donation shown from Trump to the Donald J. Trump Foundation was in 2008, for $30,000.

What we know about the charitable giving by Hillary Clinton and Donald Trump

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The fall 2016 debate schedule

Mon. September 26

Presidential debate between Hillary Clinton and Donald Trump

Vice presidential debate between Sen. Tim Kaine and Gov. Mike Pence

Presidential debate between Hillary Clinton and Donald Trump

Presidential debate between Hillary Clinton and Donald Trump

Megyn Kelly thinks she knows why Donald Trump wants to change the debate dates


What are the basic financial reports that a nonprofit must prepare? #motor #finance #corporation


#basic finance

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Home 2-Minute FAQ Finance What are the basic financial reports that a nonprofit must prepare?

What are the basic financial reports that a nonprofit must prepare?

The basic financial reports of a nonprofit organization include:

  • Statement of financial position (also called a balance sheet): This summarizes the assets, liabilities and net assets of the organization at a specified date. It’s a snapshot of the organization’s financial position on that date.
  • Statement of activity (also called an income and expense statement): This reports the organization’s financial activity over a period of time. It shows income minus expenses, which results in either a profit or a loss.
  • Statement of cash flow: This summarizes the resources that become available to the organization during the reporting period and the uses made of such resources. It’s especially useful in real-time because it reports income that has been received and expenses that have been paid. A statement of projected cash flow is helpful for the board and organization to be able to anticipate any shortfalls for planning purposes.
  • Statement of functional expenses: Reports all expenses as related either to program services or to supporting services. Expenses under program services are shown divided among the various programs. Expenses under supporting services are generally divided between (1) management and general expenses and (2) fundraising expenses.

While these reports are extremely important in terms of understanding your organization’s financial health and conveying that information to your board, you’ll also find that these types of reports will often be required by funders when applying for grants.

Other reports, depending on your organization’s needs, are: government information returns, payroll tax returns, reports to funders, management reports, budget monitoring reports, and analysis of statements and investment reports.

A detailed list of financial reports for nonprofits, and related definitions can be found in Financial Statements of Not-for-Profit Organizations, by the Financial Accounting Standards Board (www.fasb.org ).

There are also a few accounting basics you should keep in mind. A qualified bookkeeper can help you to ensure reports are prepared properly and in a timely manner. He or she can also help to reconcile bank statements on a monthly basis, which is critical, and lend support and key information during budget development.

Finance FAQ


Are there any TV-series based on finance #kensington #finance


#tv finance

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What an interesting question! You can do a pretty definitive search on IMDB using the tags finance or business, and narrow the genre to TV – drama or comedy.

And wow – there are almost NONE. (a few were already listed in the answers below).

Is this surprising? Maybe. then again, it s pretty hard to sustain interesting and stimulating plot lines around finance and business, on a regular basis — usually these subjects are interesting when focusing on a single event or incident (like The Big Short. Wolf of Wall Street. Wall Street. Barbarians and the Gate. etc). but note that those are all movies.

But it s not impossible, say, for a talented writer like Aaron Sorkin. The TV industry used to think that politics (and government) couldn t be made any more interesting than watching CSPAN – then Sorkin created The West Wing and made it interesting, and even exciting. There have been many series since, in the political genre, culminating in House of Cards. Veep. Madam Secretary etc. also note that they all have a healthy dose of personal relationships and drama interweaved. Shows like Dynasty and Dallas were sort of business/finance based, but of course focused mostly on the over-the-top drama.

They tried to make engineering and science interesting at one point, but i think the closest they got was the Big Bang Theory, MAcGyver and perhaps HBO s Silicon Valley (which is more business than engineering).

But since West Wing (and its descendents) worked so well, I see no reason why some day someone won t come up with a well written TV series for Finance or Business.

Starring Oscar® nominee and Emmy® and Golden Globe® winner Paul Giamatti (John Adams) and Emmy and Golden Globe winner Damian Lewis (Homeland),
BILLIONS is a 21st-century examination of the profit and peril of chasing the American dream. BILLIONS is written and executive produced by Brian Koppelman and David Levien (Ocean s Thirteen, Rounders), and Andrew Ross Sorkin (Too Big To Fail).

BILLIONS is a bold, contemporary drama that melds the worlds of ultra-wealth, influence and corruption as personified in two highly ambitious opposing figures:
hard-charging, blue-blooded, politically connected U.S. Attorney Chuck Rhoades (Giamatti) and brilliant, calculating, blue-collar billionaire hedge fund king, Bobby Axe Axelrod (Lewis). Set amongst the Machiavellian machinations of New York City power politics and finance, BILLIONS weaves a complex, intricate narrative featuring a high-stakes game of predator-versus-prey

Halt Catch Fire

In 1983 the business of personal computing was a winner-take-all-race driven by speed, greed and questionable deeds. Into the fray comes a former IBM executive, a computer engineer and a volatile prodigy, all hoping to invent the next big thing.

Thanks for the ATA

There are many financial shows out there that can help you grow and improve your financial life. They would help you better understand the financial terms and concepts and would improve your money management skills.

I hope these shows fulfill your need or what you are searching for:

Mad Money with Jim Cramer

The Dave Ramsey Show

The Suze Orman Show


What are the basic financial reports that a nonprofit must prepare? #tv #finance


#basic finance

#

Home 2-Minute FAQ Finance What are the basic financial reports that a nonprofit must prepare?

What are the basic financial reports that a nonprofit must prepare?

The basic financial reports of a nonprofit organization include:

  • Statement of financial position (also called a balance sheet): This summarizes the assets, liabilities and net assets of the organization at a specified date. It’s a snapshot of the organization’s financial position on that date.
  • Statement of activity (also called an income and expense statement): This reports the organization’s financial activity over a period of time. It shows income minus expenses, which results in either a profit or a loss.
  • Statement of cash flow: This summarizes the resources that become available to the organization during the reporting period and the uses made of such resources. It’s especially useful in real-time because it reports income that has been received and expenses that have been paid. A statement of projected cash flow is helpful for the board and organization to be able to anticipate any shortfalls for planning purposes.
  • Statement of functional expenses: Reports all expenses as related either to program services or to supporting services. Expenses under program services are shown divided among the various programs. Expenses under supporting services are generally divided between (1) management and general expenses and (2) fundraising expenses.

While these reports are extremely important in terms of understanding your organization’s financial health and conveying that information to your board, you’ll also find that these types of reports will often be required by funders when applying for grants.

Other reports, depending on your organization’s needs, are: government information returns, payroll tax returns, reports to funders, management reports, budget monitoring reports, and analysis of statements and investment reports.

A detailed list of financial reports for nonprofits, and related definitions can be found in Financial Statements of Not-for-Profit Organizations, by the Financial Accounting Standards Board (www.fasb.org ).

There are also a few accounting basics you should keep in mind. A qualified bookkeeper can help you to ensure reports are prepared properly and in a timely manner. He or she can also help to reconcile bank statements on a monthly basis, which is critical, and lend support and key information during budget development.

Finance FAQ


SOPA STRIKE – Largest online protest in history – January 18 – blackout your site #how #many #websites #are #there #on #the #internet


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Go On Strike!

Email optional. Fight for the Future will contact you about opportunities to meet with your Senator and other campaigns. Privacy Policy

January 18th was unreal. Tech companies and users teamed up. Geeks took to the streets. Tens of millions of people who make the internet what it is joined together to defend their freedoms. The network defended itself. Whatever you call it, we changed the politics of interfering with the internet forever–there’s no going back. See this timeline of SOPA and PIPA events and the activist backlash.

Websites: How to Strike

  1. Black out your website for 12 hours with this page’s HTML. or by putting this Javascript into your site’s theme. Tucows is doing this and so is BoingBoing .
  2. Other people have made tools to strike. Some other ways to strike:
    • Zachary Johnson’s blackout page
    • ProtestSOPA.org
    • CloudFlare’s Stop Censorship app
    • SOPA Strike WordPress Plugin
    • Use Blaccupy to occupy your website (patches welcome!)
    • Censor your site with Mike Sofaer’s javascript
    • Did you make something? Tweet it to #StrikeTools
  3. Don’t be silent that day. Tweet all day from your official company account (#SOPASTRIKE) and share news on sites like reddit. You will get much love in return from your users, and the bigger the action you do, the more love you will be feeling 🙂 – You can follow us on twitter for news as the strike gets closer. If you are really feeling shy, you can blackout your site logo / add STOP SOPA messages wherever you can.

Go On Strike By Adding This Code To Your Theme

Copy this code and paste it into the header of your theme to black your site out in protest of SOPA/PIPA. It will activate only on Wednesday, January 18th.

Everyone: Prepare to Strike

  1. If you have a Twitter account, tweet about the #SOPASTRIKE and ask your followers to get ready. You can follow us on twitter for news as the strike gets closer. Go to Blackout SOPA to add ‘STOP SOPA’ to your Twitter image.
  2. Post this SOPA Strike page to your Facebook account by clicking here .
  3. Get ready for January 18th! Email and tweet at your friends, tell them to tell everyone about the strike. When the day comes, call Congress, tweet like crazy (#SOPASTRIKE), and help the strike appear everywhere!

      On Jan 24th, Congress will vote to pass internet censorship in the Senate, even though the vast majority of Americans are opposed. We need to kill the bill – PIPA in the Senate and SOPA in the House – to protect our rights to free speech, privacy, and prosperity.
      See this timeline of SOPA and PIPA events and the activist backlash.

      Confirmed Participants:

      Right now on Twitter


    IRDA MockTest IC 38 mock test I insurance Mocktest I insurance Training #golden #opportunity #to #practise #irda #50 #hours #mock #test #in #tamil, #malayalam, #english #and #hindi #for #free.you #can #check #incorrect #answers #and #correct #them. #do #test #4 #or #5 #times #and #you #are #through #the #real #test! #any #doubt #in #between #call #the #given #phone #number. #the #easiest #way #to #pass #irda #test.


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    Centre for Health Protection – The Health Effects of Air Pollution #what #are #health #problems #related #to #air #pollution


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    Main Content

    The impact of air pollution on human health has been widely recognized. According to the World Health Organization (WHO) s publication on Global Health Risk (2009), urban outdoor air pollution is ranked as the 14th global risk factor for mortality in Year 2004 (Figure 1).

    The effects of air pollution on health are dependent on several factors. Apart from the concentrations and chemical properties of the pollutants, the person s age and general state of health, the duration of exposure, factors such as the weather condition and the distance from the emission sources also affect the nature and extent of the health effects observed. Those who exercise outdoor also increase their exposure to air pollutants. However, under general circumstances where exposure is brief, the health risk is usually low.

    Sources of Air Pollution

    Urban air pollution in Hong Kong is partly caused by emissions from motor vehicles, especially diesel vehicles. Emissions from power plants are also an important local air pollution source.

    Hong Kong also experiences regional air pollution which is the result of emissions from power plants, industry and motor vehicles in both Hong Kong and the Pearl River Delta region.

    Potential Health Effects

    The potential health effects of air pollution range from subtle physiological changes inside the body to florid symptoms such as nose and throat irritation, shortness of breath, coughing and chest tightness. People suffering from asthma or chronic respiratory diseases will experience an increase in symptoms when exposed to air pollutants. Although individual s reaction to air pollutant depends on various factors, people of all age groups are affected by poor air quality. Vulnerable groups such as children and the elderly are especially susceptible to the effects of air pollution.

    Studies based on local data have revealed that there was a strong association between high pollution incidents and both hospital admissions and premature deaths for respiratory and cardiovascular diseases.

    Outdoor air pollutants can increase the risk of cancer. In June 2012, the International Agency for Research on Cancer (IARC) under the WHO has reclassified diesel engine exhaust from probably carcinogenic to humans (Group 2A) to carcinogenic to humans (Group 1) . Based on latest scientific evidence, the IARC has further classified outdoor air pollution as carcinogenic to humans (Group 1) in October 2013.

    The Common Air Pollutants

    The common air pollutants include carbon monoxide, nitrogen dioxide, ozone, particulate matter, sulphur dioxide and lead.


    How Are the Value of My Car and the Cost of Repair Determined? Info – Car Reviews – Car and Driver #car #reviews, #automotive #reviews, #automotive #news, #how #are #the #value #of #my #car #and #the #cost #of #repair #determined?


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    How Are the Value of My Car and the Cost of Repair Determined?

    There are several standard guidelines for determining the value of your car for insurance purposes. You and your insurer can refer to the Blue Book, which lists the depreciated value of all new and used cars. One Blue Book is published by the National Association of Automobile Dealers (NADA) at http://www.nada.com. The other is published by Kelley Blue Book of Irvine, California, at http://www.kbb.com.

    When you file your claim, your insurance company will refer you to a claims adjuster. The adjuster will verify the loss and determine what it will cost to repair the car. The adjuster’s estimate can serve as a benchmark to compare your own mechanic’s estimate.

    No good adjuster or insurance company will expect you to sign an agreement accepting the insurer’s estimate as the total claim payment until you’ve established, to your satisfaction, that it will cover the cost of repair. The insurer will expect you to get your own estimate from your mechanic, garage, or car dealer. Don’t allow yourself to feel pressured into accepting the insurer’s estimate of repair costs without getting at least one estimate of your own.

    Your insurance company can’t require you to have repairs done at a particular shop. But they can insist that you get more than one estimate for the work to be done on your car. Just as you want to make sure that your car is adequately repaired, the insurer wants to make sure it doesn’t pay a grossly inflated repair bill.

    Don’t be surprised if your insurance company opts to pay for the lowest bid. You don’t have to accept that bid if you believe the low bid won’t adequately repair your car. Don’t hesitate to argue with the adjuster if you really believe his repair estimate is too low based on what your mechanic has told you.

    One factor that could reduce the amount of your claim for a repair job is what insurance companies call betterment. If your old car is repaired with brand-new parts, your insurer may argue that the repairs have actually enhanced the car’s value and therefore they can legitimately reduce your claim by the difference between a used part and a new one.

    It’s up to your insurer to decide whether to pay for repairing your car or to declare it a total loss and pay you its book value. Most standard auto policies will not pay to repair a vehicle if the repairs cost more than the cash value assigned to the car. There won’t be any dispute about whether to repair the car if it was completely totaled. But you may argue about what the pieces of the car were worth when they were assembled as a car. For you to get a settlement higher than the Blue Book value of your car’s make and model, you will have to submit evidence such as mileage records, service history, and affidavits from mechanics to show that your car was worth more. You’re entitled to the market price of the car you just lost. You shouldn’t get more or less than what you are due.

    Next question: What are my rights when filing a claim?


    Media release: Motor Finance Wizard: the court says – yes – consumers are protected – Legal Aid NSW #motor #vehicle #finance


    #motor finance wizard

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    Media release: Motor Finance Wizard: the court says “yes” – consumers are protected

    The NSW Supreme Court has handed down an important decision confirming the rights of consumers against attempts to avoid the provisions of the Consumer Credit Code.

    In a decision handed down on 27 September, Justice Peter Hall resolved a long running legal dispute over whether a company could avoid the requirements of the Consumer Credit Code through offering “interest free” loans.

    The case, funded by Legal Aid NSW, involved a woman who bought a car from Motor Finance Wizard with an “interest free” loan from an associated company – Kwik Finance. When a dispute arose between the woman and Kwik Finance, she sought to resolve it in the Consumer Trader and Tenancy Tribunal. However, the company said that the Code did not apply because they had not charged the customer for the loan.

    “The Code is designed to ensure that there is a level playing field between consumers and lenders” says Legal Aid’s Executive Director of Civil Law, Monique Hitter. “There is usually a huge imbalance in the knowledge and experience of borrowers and lenders, and the Code sets out the information lenders must give consumers and the steps which have to be followed if a borrower defaults and a company wants to repossess secured property such as a car.”

    Motor Finance Wizard and Kwik Finance said they did not owe any of those obligations to Ms Walker because the Code did not apply.

    The customer argued that the car was overpriced, and that the difference between the value of the car and the price paid by her was in fact a charge for the loan made to her. The court accepted this. The court found that the Code still applied even if the charge for credit was imposed by another entity (Motor Finance Wizard).

    The court also found that various contracts involved in the purchase of the car, including a deal whereby Motor Finance Wizard paid Kwik Finance a fee for the sale of each car, could be regarded as one contract for the purposes of the Code.

    “This case is a real win for consumers because the decision of the court reinforces the purpose of the Code in protecting borrowers. Companies who devise strategies to avoid the requirements of the Code should heed this decision” said Ms Hitter.

    Walker v Consumer Trader and Tenancy Tribunal of NSW [2013] NSWSC 1432

    Further contact: Monique Hitter, Director Civil Law, Legal Aid NSW, Mobile 0417 659 293

    LawAccess NSW free legal helpline 1300 888 529