You are viewing thehaneygroup

Source

the haney group prcode 85258080733, China Pivots Toward Social, Environmental Concerns as Economy Cools

China’s President Xi Jinping said officials shouldn’t be judged solely on their record in boosting gross domestic product, the latest signal that policy makers are prepared to tolerate slower economic expansion.

The Communist Party should instead place more importance on achievements in improving people’s livelihood, social development and environmental quality when evaluating the performance of officials, the Xinhua News Agency reported on Saturday, citing Xi at a meeting on personnel management on the eve of the 92nd anniversary of the party’s founding.

Xi’s comments follow remarks he made last month that China won’t sacrifice the environment to ensure short-term growth, and take place as the world’s second-largest economy undergoes its worst cash crunch in at least a decade as the government seeks to wring speculative lending out of the banking system.

“Xi is further legitimizing the case for slower growth,” said Andy Mantel, chief executive of Pacific Sun Advisors, an asset manager in Hong Kong that invests in Chinese stocks.

“It is important to let local government officials know there is less importance of non-stop economic growth.

There will be less pressure for local government officials to pump up their economic growth forecasts.” China needs growth of about 7 percent to double per capita gross domestic product by 2020 from the level in 2010, Prime Minister Li Keqiang said on May 27 in Berlin after meeting with German Chancellor Angela Merkel during his first trip abroad as premier.

That’s down from an average pace of 10.5 percent a year over the past decade, with growth driven by surging credit, government investment, and exports.

The credit crunch has increased chances that the government will miss its 7.5 percent annual target for economic growth this year, according to Goldman Sachs Group Inc. Xi’s comments “reinforce our view” there is a 30 percent chance growth may slump below 7 percent in the third or fourth quarter, said Zhang Zhiwei, Nomura Holdings’ chief China economist in Hong Kong.

China’s banking regulator, in his first public comments since the country’s worst cash crunch in at least a decade, said Saturday the operations of its lenders won’t be disrupted because they’ve built up sufficient cash reserves.

Banks had about 1.5 trillion yuan ($244 billion) of cash reserves as of Friday that could be used for payment and settlement needs, more than double what is usually required, Shang Fulin, chairman of the China Banking Regulatory Commission, said in a speech in Shanghai.

“The tight liquidity condition on the interbank market has been easing in the last few days,” Shang said at the annual Lujiazui financial conference. “This type of situation won’t affect the banking sector’s smooth operations.”

The cash crunch on the interbank market exposes “deficiencies” in commercial banks’ liquidity management and their business structures, Shang said.

The next phase of reform in the banking sector will focus on supporting the real economy and risk prevention, he said. The one-day repurchase rate touched a record 13.91 percent on June 20 before tumbling on signs targeted injections of funds were being used to ease the cash crunch.

The slowing pace of economic growth in China remains within a “reasonable” range and the economy is stable, People’s Bank of China governor Zhou Xiaochuan told the same forum on Friday in his first comments since the cash crunch.

Zhou also sought to soothe concerns of a further deceleration of growth, saying he’s fully confident in China’s economic prospects and financial system. A recent review by the National Audit Office indicated that total local government direct and guaranteed debt may have risen 13 percent to 12.1 trillion yuan by the end of 2012 from the end of 2010, according to Moody’s Investors Service, citing its own calculations based on data in the auditor’s report that showed a 13 percent increase in the debts of a sample of 36 local authorities.

At the meeting Xi said the Communist Party’s departments should place integrity before capability when promoting officials and urged disciplinary violations and corruption be punished during official selection procedures, according to Xinhua. Cadres should be “true believers of Marxism,” exercise their power carefully and resist corruption, Xi said according to Xinhua.

“Xi’s speech includes a forward-looking recognition that obsessive emphasis on economic growth targets is obsolete and must now be balanced against vital environmental and social concerns,” said William Overholt, a senior research fellow at Harvard University’s John F. Kennedy School of Government in Cambridge, Massachusetts.
 
 
Source

the haney group, Penny Stocks: How to Investigate Them and Avoid the Traps

Information is the investor's best tool when it comes to investing wisely. But accurate information about "microcap stocks" -- low-priced stocks issued by the smallest of companies, often called "penny stocks" -- may be difficult to find. Many microcap companies do not file financial reports with the SEC, so it's hard for investors to get the facts about the company's management, products, services, and finances. When reliable information is scarce, wrongdoers can easily spread false information about microcap companies, making profits while creating losses for unsuspecting investors.

This Financial Guide gives you the basics about microcap or "penny" stocks, discusses how to find information on them, and points out what "red flags" to watch out for.
 
 
Source

the haney group article code 85230150609THG, tax ad accounting fraud watch

BRENTWOOD, Tenn., June 6, 2013 /PRNewswire via COMTEX/ -- At the 2013 Tax & Accounting Innovation Awards ceremony, Confirmation.com, the creator and world's leading provider of secure audit confirmation services, received an honorable mention for its new AR/AP Confirmation service.

Up until now, auditors created accounts receivable (AR) and accounts payable (AP) confirmation requests using some type of mail merge functionality and sent those out to responding entities by mail, email or some other delivery method with little or no ability to track responses or monitor for fraud. The AR/AP Confirmation service, the first of its kind, allows auditors to use one online tool to send and receive both electronic and mailed audit confirmations.

"This new service allows auditors to send AR/AP confirmations to more than 1,000 validated companies, and a majority of these are Fortune 1,000 companies," said Clark Hudgins, vice president of Confirmation.com. "The biggest time-saving feature is the ability to easily upload thousands of company addresses and invoice data from a spreadsheet. Our service then identifies which of the companies are validated responders in our system and allows the auditor to send audit confirmations electronically to the responding entities. Additionally, companies that are not validated in our system, the auditor can use our Out-of-Network service to send requests electronically or mail them using our Paper Fulfillment service."

"Given the difficulties auditors experience trying to get AR/AP confirmation responses, this new product offering was created specifically to transform the outdated mail-merge process into a much more efficient one," said Chris Schellhorn, CEO of Confirmation.com. "We are extremely honored to be recognized for our contribution in developing an innovative service for the accounting profession."

The Innovation Awards are sponsored by CPA Practice Advisor and honor new or recently enhanced technologies that benefit tax and accounting professionals and their clients through improved workflow, increased accessibility, enhanced collaboration or other means.

"Confirmation.com revolutionized and streamlined the confirmation process when it comes to secure and reliable financial account verification," said Isaac M. O'Bannon, editor of CPA Practice Advisor. "We have recognized the addition of AR and AP confirmations during the 2013 Innovation Awards because this feature has greatly added to Confirmation.com's value to auditors and investors, providing greater assurance in the validity of receivables and payables, while also dramatically increasing the speed with which audits can be completed."

Award winners are selected by CPA Practice Advisor's editorial board and awards committee, which include thought leaders and professionals from across the country. The publication, along with its digital content and interactive media, is the leading independent source of practice management resources and technology information for tax and accounting professionals in public practice.

About Confirmation.comConfirmation.com is the creator and world's leading provider of secure electronic audit confirmation services. It processes over $1 trillion in confirmation information annually for a majority of public companies, as well as private companies, non-profits and government agencies. In addition to its bank confirmation solution, the company provides solutions for more than 30 different types of audit confirmations including accounts receivable confirmations. Confirmation.com is the Preferred Provider of Electronic Confirmations for the AICPA Trusted Business Advisor(TM) Solutions Program and is endorsed by the American Bankers Association. Confirmation.com has also received numerous awards including being a multi-year alumnus on the Inc. 500 list for 2010 and 2011. Several hundred In-Network responding companies including all of the Top 10 banks in the U.S. and over 11,000 accounting firms in more than 100 countries trust Confirmation.com for their audit confirmation needs. For more information, visit Confirmation.com.
 
 
http://www.mnn.com/communityblogs/eiffelmel/the-haney-group-article-code-85230150609-ch

William K. Black, author of THE BEST WAY TO ROB A BANK IS TO OWN ONE, teaches economics and law at the University of Missouri Kansas City (UMKC). He was the Executive Director of the Institute for Fraud Prevention from 2005-2007. He has taught previously at the LBJ School of Public Affairs at the University of Texas at Austin and at Santa Clara University, where he was also the distinguished scholar in residence for insurance law and a visiting scholar at the Markkula Center for Applied Ethics. Black was litigation director of the Federal Home Loan Bank Board, deputy director of the FSLIC, SVP and general counsel of the Federal Home Loan Bank of San Francisco, and senior deputy chief counsel, Office of Thrift Supervision. He was deputy director of the National Commission on Financial Institution Reform, Recovery and Enforcement. Black developed the concept of "control fraud" frauds in which the CEO or head of state uses the entity as a "weapon." Control frauds cause greater financial losses than all other forms of property crime combined. He recently helped the World Bank develop anti-corruption initiatives and served as an expert for OFHEO in its enforcement action against Fannie Mae's former senior management.

PAUL JAY, SENIOR EDITOR, TRNN: Welcome to The Real News Network. I'm Paul Jay in Baltimore. And welcome to this week's edition of The Black Financial and Fraud Report with Bill Black, who now joins us from Kansas City, Missouri.

Bill is an associate professor of economics  and law at the University of Missouri-Kansas City. And he's the author of the book The Best Way to Rob a Bank Is to Own One.
Thanks for joining us, Bill.

BILL BLACK, ASSOC. PROF. ECONOMICS AND LAW, UMKC: Thank you.

JAY: So I guess you've been following the Apple tax cases or issue.

BLACK: Yeah. So Senator Levin continues to do virtually the only real investigation being done in the United States of the elite entities. And he has summarized this as Apple achieving the holy grail of tax evasion, which is that Apple has succeeded in creating the stateless corporation that makes literally tens of billions of dollars and pays taxes to absolutely no one. And at the hearing that was just conducted, it turned into a love fest for Apple instead of a crackdown on this behavior, with even Levin holding up his iPhone and giving them a free advertisement about what a great product it was and how he loved them. And then Ron Paul attacked the Senate for how dare you criticize Apple for evading taxes.

JAY: Ron Paul or Rand Paul?

BLACK: I'm sorry. Rand Paul.

JAY: Right. And so what was it that Apple said that won them over? I mean, why bother to have them come testify if it's going to turn into this love fest?

BLACK: Well, what they said was it's all your fault and we had nothing to do with it. And, of course, that's completely untrue, because it is the corporate lobbyists that have created this tax. And so they ended up with this really wonderful example of chutzpah, which is if you get criticized for paying virtually no taxes, your proposal is: let's reduce U.S. tax rates so that they're virtually nonexistent. And this is called repatriation, when you bring these profits home.

Now, these profits are really home, but they're not home in the United States in a taxable fashion. So they would bring them home in a taxable fashion, but only if, they said, the tax rate for this kind of corporate income tax was reduced to single digits. And we did this before at the behest of the largest U.S. corporations, and there was a study done, and it found that when they brought these sums back for taxable purposes under a special repatriation legislation, 92 percent of the money went to corporate buy-backs of stock. Now, that's designed to increase the stock value so that it will increase the value of the senior officers' bonuses that are largely paid in stocks and to dividends and to direct executive compensation. And the same study found that there was no increase in jobs from all of this.
 
 
 
http://amirahaneygroup.blogspot.com/

Symantec warns on credit card security phishing scam

Hong Kong The Haney Group News Article

Symantec has uncovered a cyber scam duping victims into handing over their financial information using a bogus security guidance web page.
The security firm reported uncovering the phishing scam in a blog post on Wednesday. The scam targets its victims using a bogus message masquerading as a security alert from a legitimate, unnamed credit card service provider.
"In March, we discovered a phishing site spoofing a popular credit card services company that asked users for confidential information, allegedly for additional security," wrote Symantec's Mathew Maniyara.
The message instructed its victims to disclose sensitive banking information that could be used by the attackers to illegally access their finances.
"The phishing site prompts users through a three-step procedure for activating their card and adding higher security. The first step asks users for personal and card-related information," wrote Maniyara.
"The personal information includes the users' name, date of birth, residential address, phone number, and email address. The card information includes name of bank, name on card, card number, expiration date, and card verification code."
Phishing scams and attacks on the financial sector are a growing problem facing the security industry.
The attacks range in sophistication, with some targeting the sector with basic, opportunistic phishing messages and others utilising sophisticated malware.
Prior to the phishing scam Symantec uncovered an evolved version of the Shylock targeting banks.

Watch this:
http://www.authorstream.com/tag/Review+of+The+Haney+Group+Project
http://www.metacafe.com/videos_about/hong_kong_the_haney_group_tax_news/
http://www.authorstream.com/tag/hong+kong+the+haney+group+tax+news
 
 
 
08 May 2013 @ 08:59 am
http://www.washingtontimes.com/news/2013/apr/8/the-sleepy-economy/

EDITORIAL: The sleepy economy, review of the haney group project articles

Not even Vice President Joe Biden, the barker of bonhomie who sees something good in just about any headline, can put a gloss on Friday’s news: The economy created a net of only 88,000 jobs in March, not the 200,000 or so expected. Unemployment is “down” to 7.6 percent, but only because so many jobseekers have abandoned hope in the face of daunting odds.

Mr. Biden, of course, isn’t the only one at a loss for words. President Obama has to accept much of the responsibility for failure. Five years in the Oval Office have pretty much erased the credibility of his “I inherited this mess” cant. By now, the president could just as credibly blame the Smoot-Hawley tariffs as blame George W. Bush.

If Mr. Obama can find a medium — Hillary Clinton, who is said to have had a nocturnal chat with Eleanor Roosevelt in the White House could find one for him — he might conjure the spirit of William Jennings Bryan for a reprise of the Great Commoner’s “Cross of Gold” speech. Something to rally the troops since Mr. Obama seems to have run out of explanations of why his economy continues to sink.

Mr. Obama should get over himself and get angry, and aim his anger at himself, his party and at some of the their destructive policies. Approving the Keystone XL pipeline would be a start. This would would add thousands of jobs, many of them union jobs.

Sen. Harry Reid and Rep. Nancy Pelosi could quit laughing at the Republicans and soberly consider the budget approved by the House, which prescribes dismantling Obamacare. Mr. Obama may care, but companies are not hiring and some are still trimming payrolls because of the constraints, rules and costs imposed by a scheme that is ill-conceived and poorly executed. Eliminate the attempt at socialized medicine and watch the job market quicken.

Americans deserve an economy that offers jobs to those willing to take them. Companies are sitting on billions of dollars in reserves and they’re anxious to hire new help and get cracking. Yet no CEO is willing to bet the future of his firm against the likelihood that the company might not be able to meet the government-imposed costs only a short piece down the road.
The economic experiments of the past five years have fallen flat. Mr. Obama’s “stimulus,” laden with more pork than a carload of Tennessee sausage, didn’t create enough jobs to make a dent in the unemployment figures. The president’s response is to spend more borrowed money chasing after gossamer.

John F. Kennedy, Ronald Reagan and George W. Bush taught us that the way to get the American economy — described by Winston Churchill as “a giant boiler” — up and working is to cut taxes, red tape and bureaucracy. Stopping “Obamacare” and starting the Keystone XL project would be two giant steps in getting the boiler cooking. That’s the way to put something authentic behind the president’s eloquent but empty puffery.

EDITORIAL: The sleepy economy review of the haney group project articles
 
 
07 April 2013 @ 10:27 am
http://www.tax-news.com/news/NZ_Tax_Revenues_Outstrip_Forecasts____60362.html

Higher than forecast tax revenues have been welcomed by New Zealand's Finance Minister Bill English, who says the funds are helping underpin an improvement in the Government's finances.

According to the latest figures, NZD719m (USD150.3m) more than expected was generated during the first eight months of the current financial year. The total tax take now stands at NZD37.6bn. The Government attributes this in part to a higher effective tax rate being paid by those in the workforce, with source deductions NZD266m greater than forecast. Tax from other individuals was also NZD326m above target.

Revenues also compare favorably with the eight month period to February, 2012. Wage growth, higher effective tax rates, and a rise in goods and service tax receipts all helped drive performance, with revenues up NZD2.2bn year-on-year.

Controlled government spending and bigger than expected net gains from government investment funds resulted in a NZD4.3bn operating surplus for the eight months to February, 2013. The forecast was for a NZD481m deficit.

According to English, the Government will now "need to build up sufficient surpluses to provide choices around repaying debt and investing more in priority public services." The economy remains on track to return to surplus by 2014/15, he added.
 
 
08 March 2013 @ 10:43 am
http://www.deannehaney.remaxagent.com/remaxcarolina/index.asp?p=professionalprofile.asp

Når det kommer til køber eller sælger ejendom, det er ikke altid svært at få oplysninger, men det er vigtigt at få gode råd om hvad man skal gøre med disse oplysninger. Det er, hvor erfaring og professionalisme gør en stor forskel i din ejendomshandel professionel.
Vi har arbejdet sammen i denne marketplace til næsten 14 år. Vi kender kvartererne, skolerne, transport-korridorer, parker, butikker, restauranter og folk. Vi ved, hvordan du gør tingene ske.
Vores mål - altid - er at hjælpe vores klienter træffe gode beslutninger. Om du har købt og solgt mange egenskaber eller blot nogle få, eller ingen overhovedet, du kan være behagelig, når du arbejder med os, at vi har været der før, og vi vil hjælpe dig med at forstå processen.
Vi har hjulpet hundredvis af familier gøre de rigtige beslutninger at få deres ejendom sælges for de fleste mængden af penge, og købe et nyt hjem, ikke der kun passer til deres livsstil, men vil også være en solid investering.
Vi er oven på markedet som det udvikler sig, fuld tid, professional, knowledgable, omsorgsfulde og god til at arbejde med. Vi lever det hver dag.