Friday, April 24, 2015

Insider Trading: The Truth About Lies

Knowledge always desires increase; it is like fire, which must first be kindled by some external agent, but which will afterwards propagate itself.

When Congress “guts” the IRS like it has over the recent past, what is the likely result?  A most foreseeable one.  The IRS cannot continue to enforce the tax laws and collect taxes as efficiently as they should.  In the U.S. we have a voluntary tax system which means that taxpayers voluntarily decide to file tax returns and, in many instances, pay those taxes. If you owe under $ 1million you may not be audited

The Mansions Owned by White-Collar Criminals Wall Street Journal

This documentary is for everyone who has ever lied or been lied to. So, everyone. In "(Dis)Honesty - The Truth About Lies," behavioral economist Dan Ariely takes a look at the complex ways lies both big and small influence our lives and shape the world around us.
Watch: Insider Trading, Cheating and Fixing in Exclusive Trailer For '(Dis)Honesty - The Truth About Lies'

….As Hayek emphasized, the market does not require perfect knowledge to function, rather it is the means by which imperfect knowledge is made to function in the social interest

In an advice paper, Learning the hard way: managing corruption risks associated with international students at universities in NSW, the Commission identifies several corruption risks created by universities’ international student businesses, and puts forward 12 key corruption initiatives to help the universities manage them.
The executive director of ICAC's corruption prevention division, Robert Waldersee, who oversaw the ICAC report, told Four Corners that every university his staff had interviewed – 10 in NSW plus two in other states – had reported problems with false documents provided by education agents, often in collusion with students.

Tinkler attacking reporter

"The risk is they're going to put applicants through to the university with fake qualifications, or who they know have cheated on tests, or who are trying to undertake some sort of visa fraud," Dr Waldersee said Unis fraud investigation by ICAC international sector

A company linked to the Obeid family has agreed to pay up to $1.7 million to settle a court case brought by the state-owned Sydney Water to recover lavish expenses that were allegedly wrongfully billed to the utility.
Sydney Water launched Federal Court action against Australian Water Holdings last year to claw back the costs after the Independent Commission Against Corruption heard allegations it footed the bill for suspect expenses.

IRS Should Crack Down on Private Equity’s Abusive Tax Alchemy Eileen Appelbaum, Huffington Post

Unemployment makes you sick Bill Mitchell. Lambert: “That’s not a bug…”
Bye Bye Labour London Review of Books
The Retro Future Archdruid