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Wisconsin Democrats Renew Push To Tighten State Campaign Finance Laws
The amount of money someone could donate to a statewide political campaign in Wisconsin would be cut in half under a proposal unveiled by several Democratic state lawmakers Tuesday. The proposed change, which is part of a package of seven bills related to campaign finance, is aimed at limiting big money donors and shedding more light on money in politics, sponsors said. Speaking at a Capitol press conference Tuesday morning, Sen. Chris Larson, D-Milwaukee, said donations to candidates by groups like political action committees have grown too large since GOP-backed changes to state campaign finance laws in 2015. Those changes
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How Smart Digital Workflows Are Transforming Corporate Finance Functions
By Jeff Koyen When it comes to payments and other enterprise finance functions, seemingly simple processes can mutate over time into complicated entanglements that cause disproportionate amounts of friction. getty Many of these issues boil down to one thing, says Ian Ashby, principal strategist for customer service at ServiceNow: “Payment processing is very manual-heavy and, because of that, there’s a lot of rework [and] swivel chair work.” Consider the most obvious payment processors: banks. Even today, Ashby explains, bank workflows can include several steps and multiple players relying on spreadsheets, emails and hardcopy paperwork that requires inked signatures. The solution,
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S.Africa’s Ramaphosa appoints Godongwana as finance minister as Mboweni resigns
Mboweni had been keen to resign Health minister Mkhize resigns, deputy Phaahla replaces him State security ministry absorbed into Presidency function JOHANNESBURG, Aug 5 (Reuters) – South African President Cyril Ramaphosa on Thursday appointed the Development Bank of Southern Africa’s (DBSA.UL) chair, Enoch Godongwana, as finance minister in a Cabinet reshuffle, replacing Tito Mboweni who had asked to be excused from his position. Ramaphosa, who took office in 2018, has pledged to reform and revive an ailing economy, attract foreign investors and crack down on corruption. The reshuffle included nine other minister positions and 11 deputy minister appointments. Ramaphosa said
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As more defaults loom, China’s finance regulators face a dilemma
A DOCUMENT CIRCULATING among Chinese banks in early July has caused unease among investors and local officials. Known as “Document No. 15”, the regulatory directive says that banks should stop lending to heavily indebted local-government financing vehicles (LGFVs), companies set up by city or provincial governments to finance building projects and public works. The groups, which have not so far been allowed to default, have about 48.7trn yuan ($7.5trn) in debts, 11.9trn yuan of which is held in fixed-income securities. They routinely use bank loans to pay interest on bonds. Ending the steady stream of credit is a
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EU further delays sustainable finance rules for asset managers
European Union flags flutter outside the EU Commission headquarters in Brussels, Belgium May 5, 2021. REUTERS/Yves Herman LONDON, July 9 (Reuters) – The European Union has been forced to delay the second phase of landmark rules that require asset managers to show how they take environmental and other issues into account by a further six months to July 2022, an EU letter seen by Reuters said. The delay comes as the volume of cash going into products that tout their ESG attractions has been accelerating, raising concerns among regulators about “greenwashing” or over-egged climate-friendly credentials. The Sustainable Finance Disclosure Regulation
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Mountain State money moves: WVU’s Finance University spreads financial literacy statewide | WVU Today
From July 18 to 22, educators in West Virginia and neighboring counties who teach math, business and civics will visit Morgantown for this immersive professional development conference organized by the WVU John Chambers College of Business and Economics’ Center for Financial Literacy and Education. (WVU Photo) Young people entering college or the workforce are navigating an increasingly complex economic landscape. Beyond the basics of money management, they must understand fintech, alternative investments and entrepreneurship. To address this need, West Virginia University will host its 19th annual Finance University for primary and secondary teachers so they can bring advanced financial literacy
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Huawei finance chief faces setback in fight against US extradition | Huawei
A Canadian judge has denied an application by Meng Wanzhou, the Huawei chief financial officer, to add documents her legal team received from HSBC as evidence to her US extradition case, the judge announced on Friday. Meng, 49, is facing extradition from Canada to the US on charges of bank fraud for allegedly misleading HSBC about Huawei’s business dealings in Iran, potentially causing the bank to break US sanctions. She has been held under house arrest in Vancouver since December 2018, when she was first detained. Her legal team received a trove of over 300 pages of internal documents from
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Five Essential Finance And Accounting Strategies For Small Businesses
Sagar Tarawade is an entrepreneur and CEO of SBT Research Inc. getty Irrespective of your business profile, you can manage your company’s finances using some simple accounting strategies. One of the areas of work that you need to master from the very beginning of your business is finances and accounts. The right time to manage all your business finances is from the start of this journey. A crucial factor in the constant growth of small businesses around the globe is a well-planned and implemented accounting strategy. As a business owner, you must track your revenues, expenditures and profits systematically right
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