Disclosure and transparency rules

New York (CNN Business) How do you regulate a man worth more than $200 billion who thinks he knows better than everyone else? The simple answer is: You don't. Elon Musk has once again proven he'll do things his own way, announcing Friday that his $44 billion deal to buy Twitter is on hold . He shared this news in a tweet rather than in a formal filing with the Securities and Exchange Commission. The drama over the deal has continued to play out in a series of tweets between Musk and the company. Because the SEC ruled back in 2013 that using Twitter and other social media platforms are an acceptable way for public companies to disclose material information, this might be one of the legal ways he's flouted convention. But many other moves by Musk over the years have broken actual rules, not just skirted norms, yet none of it has slowed him down or changed his behavior. The financial penalties that regulators or business partners might put … [Read more...] about Elon Musk proves once again that the rules don’t apply to him

America’s top financial regulator issued climate disclosure rules that are more burdensome for smaller companies than large companies, according to the agency’s own analysis. While the rules would cost large corporations $640,000 at first and $530,000 in subsequent years, they would cost smaller publicly-traded companies $490,000 initially and $420,000 in following years, the Securities and Exchange Commission (SEC) said in its proposal. The regulator’s analysis suggests that smaller companies would feel a relatively larger financial burden as a result of the proposed disclosure rules. “This climate rule making is unlike anything I’ve seen in my 25-year career in securities law, in the breadth and scope of the proposals,” David Lynn, a partner at the law firm Morrison & Foerster and a former SEC official, told The Wall Street Journal on Tuesday. “It is standing up a whole new disclosure regime.” The Democratic-majority SEC proposed a series of climate disclosure … [Read more...] about Big Business Wins Again: Biden Climate Rules Will Hurt Small Companies Most

Share to Twitter Share to Linkedin This is Part III of a three-part series from an extensive interview with the former finance minister of Ukraine. Part I is about dark money and Part II is about ESG’s related hidden power. Maria Prymachenko was a self-taught artist who became one of Ukraine’s artistic treasures and her brightly-colored “naȉve” works made her an icon of Ukrainian national identity. When the local museum outside of Kyiv housing much of her work was in flames from an attack by Russian forces, a man in the village reportedly risked his life to go in to the burning building and rescued 14 of her paintings, including one of two people shaking hands. Her art has now become a global symbol of Ukrainian culture, resistance and resilience. As leaders, citizens, consumers and investors, we can use our voices and our resources to help Ukraine, Natalie Jaresko, the former finance minister of Ukraine explained on my Electric Ladies … [Read more...] about 12 Steps You Can Take To Help Ukraine – Part III, From Its Former Finance Minister

Share to Twitter Share to Linkedin This is Part II of a three-part series from an extensive interview with the former finance minister of Ukraine. The third one includes how to help Ukraine. She also gave career advice. Part I is here. Part II: The Hidden Power Of ESG As explained in Part I of this series, the Russian invasion of Ukraine reflects the weakness in the core of the “liberal peace” doctrine believed for decades — that global commerce would disincentivize conflicts — in part because of dark money, argued Natalie Jaresko, the former finance minister of Ukraine, in an extensive interview on my Electric Ladies Podcast. Furthermore, she argues that taking Russian money is inconsistent with the commitments to ESG, or environment, social and governance principles, that dozens of companies and countries have declared. ESG commitments from companies and countries, and investments in ESG funds, have swelled over the past few years. ESG funds … [Read more...] about The Hidden Power Of ESG – Part 2 Of 3-Part Series: Interview With The Former Finance Minister Of Ukraine

Share to Twitter Share to Linkedin When you purchase Bitcoin from a centralized exchange, you never know whether your account is credited with actual Bitcoin or paper Bitcoin. Paper Bitcoin is a "I owe you" Bitcoin, implying that the exchange owes you a certain amount of Bitcoin. The only way to ensure that the Bitcoin you purchased is genuine is to withdraw it to a self-storage wallet or sell it for another asset or product. To save on transaction fees, most exchanges will not create a separate wallet for your account and transfer your Bitcoin to that address. The Bitcoin balance displayed on your centralized exchange account is a number next to your name on a spreadsheet. This explains why, despite Bitcoin's 10-minute block time, exchanges can instantly transfer Bitcoin to your account. That is, the time it takes to transfer Bitcoin from one address to another. Exchanges keep their Bitcoin in a wallet or set of wallets where they possess the private keys … [Read more...] about Why Keeping Bitcoin On An Exchange Is Driving The Price Down

Share to Twitter Share to Linkedin Technical analysis has become a go-to strategy for many traders to build strategies and gauge market strategy. It is a broad subject, but at its core technical analysis relies on the use of charting tools and indicators to gauge market momentum and trends. This information can then be used to identify buy and sell signals, as well as getting an early sense of when market sentiment is starting to shift. However, technical analysis is not without is criticisms, especially when it comes to crypto. Indicators can be wrong, or send off conflicting signals. Additionally, crypto’s relatively short lifespan, especially beyond Bitcoin and Ethereum, provide little historical data to test strategies and assumptions. Additionally, concerns surrounding wash trading and market manipulation, although know unique to crypto, can be problematic. One of the industry leaders in providing crypto-specific technical analysis is Katie … [Read more...] about How Technical Traders Apply Their Expertise To Crypto Markets

Covid-19 has taken at least 18 million lives by some accounts, and it is anyone's guess how many of those deaths were due to a lack of medical oxygen. Governments don't want to talk about the issue, because that could mean admitting that thousands -- or even hundreds of thousands -- of their citizens died unnecessarily. But unless health systems take steps to ensure a sufficient supply of oxygen in the future, they will be risking a repeat of the past two years. While high-income countries are already working to secure their supplies of medical oxygen, many low- and middle-income countries (LMICs) will continue to need international support. That gap is one factor underlying LMICs' stubbornly high newborn and child mortality, adult deaths from infectious and chronic conditions, and deaths from injuries that require surgery. Research published prior to the pandemic found that four out of five children hospitalised with pneumonia in Nigerian hospitals did not receive the oxygen they … [Read more...] about Breathing life into medical oxygen

Share to Twitter Share to Linkedin This is Part I of a three-part series from an extensive interview with the former finance minister of Ukraine. The third one includes how to help Ukraine. She also gave career advice. Part I is here. Part I: The Enabler For years after World War II, there was a prevailing theory that when we are trading partners, we are less likely to have conflicts. Labeled “the liberal peace,” political scientists across disciplines believed ‘that mutual economic interdependence can be a conduit of peace,” because it “limits the incentive to use military force in interstate relations,” as the Cato Institute put it as recently as 2020. Companies opened markets across the globe and leveraged that access to reduce costs, building international supply chains. In the process, they created a complex web of trade, commerce and shipping that kept shareholders happy and executives on airplanes. It grew local economies, but also … [Read more...] about The Hidden Power Of ESG – Part 1 Of 3-Part Series: Interview With The Former Finance Minister Of Ukraine