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Apr 29, 2012

Smartcompany news and Analysis: Small business insolvencies reach record high, Malware attacking businesses, High-income earners to be slugged with super tax

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The Reserve Bank decides on rates tomorrow and we’ve got all the analysis you need about the big decision. Experts warn whatever the RBA decides, the banks hold all the power while the pressure is on for a decrease with small business insolvencies hitting a record high.

The government has come under increased scrutiny as the Peter Slipper scandal continues to grow and James Thomson warns in Entrepreneur Watch that Julia Gillard is being compromised by her compromises.

Also today, we talk to the business partners left “gobsmacked” by an alleged $63 million tax fraud, examine the inquiry into the disparity between local and international prices for technology and look at five billionaires who are literally shooting for the stars.

Wealth
Cash in space – five billionaires shooting for the stars
Just as space has fascinated humans for centuries, so too has it attracted the interest and dollars of several prominent billionaires. BY JAMES THOMSON.
Features

Property
The price premium for inner city living
Properties in the inner city areas of our state capitals now attract a significant price premium, while the gap between cheap and expensive properties grows. BY CAMERON KUSHER.
Features

Aunty B
My co-worker is a bald-faced liar
What you have to do with people like this is wipe them from your mind.
Aunty B

Selling
Sue Barrett
Our effectiveness as salespeople is determined by our ability to identify where on the sales journey our buyer is and help guide them to their destination.
Ask the Experts

Teams
Pollyanna Lenkic
Motivating staff through a period of business upheaval can be difficult. However, there are some straightforward ways to get your team to invest in success.
Smart Blogs

Retail trends
Kevin Moore
Often, large retail spaces can feel lonely and soulless. There’s a fine balancing act between profitability and retail experience.
Smart Blogs

Entrepreneur Watch
James Thomson
The drums are beating about Julia Gillard’s leadership and the Budget won’t help.

The International Association of Risk and Compliance Professionals (IARCP): The Top 10 risk and compliance management related news stories and world events

 The International Association of Risk and Compliance Professionals (IARCP)

The Top 10 risk and compliance management related news stories and world events that (for better or for worse) shaped the week's agenda, and what is next.
 
Our Top 10 list:
 
I hope you will enjoy the list.
 
Best Regards,

George Lekatis
President of the International Association of Risk and Compliance Professionals (IARCP)
General Manager, Compliance LLC
1200 G Street NW Suite 800
Washington DC 20005, USA
Tel: (202) 449-9750
Email:
lekatis@risk-compliance-association.com
Web: www.risk-compliance-association.com
HQ: 1220 N. Market Street Suite 804
Wilmington DE 19801, USA
Tel: (302) 342-8828

ICE Futures U.S: Weekly Analysis of US Equity and Currency Markets


Get your trading week started with video outlooks on the US equity and currency markets. Nick McDonald, of Trade With Precision presents a concise technical analysis of these markets for the week ahead, using the Russell 2000® index and the ICE US Dollar Index® as pivotal focuses.

The weekly outlooks are available every Sunday evening by 8 p.m. ET. The weekly video commentaries remain on the website until new commentaries are posted.

View the video market commentaries »

Financial and forex Info News | The Australian Capital Circle


Gillard clings to power
Julia Gillard has finally cut Peter Slipper and Craig Thomson loose, but it may be too late.

First off: The PM yesterday declared a line had been crossed and that public respect for the parliament had dwindled, forcing her to act after previously defending the pair of MPs (The Australian) (The Age). But the double back-flip has hurt the PM further, and doubts are growing about her future.
Polling: A new Galaxy poll in News Limited papers shows Labor's primary vote has hit a new low of 30 per cent as the Coalition sits on 49 per cent. The Coalition leads Labor 56 per cent to 44 per cent on a two-party-preferred basis ( Daily Tele). And there could be further acts of contrition by the government, including watering down the carbon tax (SMH), though Climate Change Minister Greg Combet denied a move was imminent.
Hot seat: Mr Slipper and Mr Thomson have both promised they will return to their positions (Herald Sun). Meanwhile the crossbench MPs are eyeing individual government savings measures ( The Australian). And Labor now has just 70 votes on the floor of the House (The Australian)(SMH). A timeline of events is Read more...
Mumble
Peter Brent
Peter Brent
Latest personal votes table
This is the latest personal vote table. It shows sitting members only and adjusts for state/territory average for each side of politics. As…
More Peter Brent

NYT Global Update: In Crisis Over Dissident, U.S. Sends Official to Beijing

Global Update



TOP NEWS

In Crisis Over Dissident, U.S. Sends Official to Beijing

By STEVEN LEE MYERS and JANE PERLEZ
Amid intense secrecy, the United States dispatched a senior diplomat to discuss the fate of the activist Chen Guangcheng, who fled house arrest and is said to be in American hands.

U.S. Drone Strike Kills 3 in Pakistan

By DECLAN WALSH and ISMAIL KHAN
The attack against suspected militants in Pakistan's tribal belt was the first since the Parliament demanded that the United States end the use of drones against targets there.

Obesity-Linked Diabetes in Children Resists Treatment

By DENISE GRADY
Not only are more children developing type 2 diabetes, but the disease develops more quickly and is less responsive to treatment, a new study has found.
World

Slide Show: Taking a Ride on Italo

Locomotives dubbed "Italo" started speeding around 186 miles an per hour over the weekend in Italy, opening a new chapter in European rail travel.
Opinion

Opinion

Warrior in Chief

By PETER L. BERGEN
The president who won the Nobel Peace Prize has turned out to be one of the most militarily aggressive American leaders in decades.
WORLD

Brain Drain Feared as German Jobs Lure Southern Europeans

By SUZANNE DALEY and NICHOLAS KULISH
The recruitment of young, skilled southern Europeans has led to concerns that Germany is gaining another economic advantage over financially ailing European Union countries.
Strategies

The Calming Effect of Central Banks

By JEFF SOMMER
Despite recent news from Europe that could have shaken investors, the markets have remained relatively steady.
Economic View

Hey, Not So Fast on European Austerity

By CHRISTINA D. ROMER
The core of a sensible approach to Europe's is to pass needed budget measures now, but to phase in actual tax increases and spending cuts gradually - as economies recover.
BUSINESS
The iEconomy

How Apple Sidesteps Billions in Taxes

By CHARLES DUHIGG and DAVID KOCIENIEWSKI
Apple serves as a window on how technology giants have taken advantage of tax codes written for an industrial age and ill suited to today's digital economy.

O.K., Google, Take a Deep Breath

By CAITLIN KELLY
At a company known for a hard-driving culture, a seven-week course in mindfulness techniques is giving employees a better way to cope.

A Humbled Gap Tries a Fresh Coat of Pep

By STEPHANIE CLIFFORD
After defining 1990s khaki culture, the clothing chain stumbled. Now it's trying new ways to build sales - like making stores cheerier and its ad campaign brighter.
TECHNOLOGY

Data Harvesting at Google Not a Rogue Act, Report Finds

By DAVID STREITFELD
Google's collecting of personal information from unsuspecting households was a program supervisors knew about, according to new details from the full text of a regulatory report.
Slipstream

Following the Breadcrumbs on the Data-Sharing Trail

By NATASHA SINGER
There's no easy way for American consumers to track the data dealers that share and sell their information. But a reporter tried her own experiment.
Digital Domain

Chicken Scratches vs. Electronic Prescriptions

By RANDALL STROSS
Studies show that errors are much less likely when doctors send prescriptions to the pharmacy via computer. But the move to such e-prescriptions has been relatively slow.
SPORTS
Global Soccer

At Wigan, an English Translation of Barça Style

By ROB HUGHES
Wigan pulverized Newcastle, scoring four goals that were created with such vibrancy, such confidence, that you could almost think that this was Barcelona in disguise.
A Roster's Rebirth

Firm Hand Guides Young Team in Aftermath of Tragedy

By MICHAEL SCHWIRTZ
The veteran Coach Pyotr Vorobyov directed Yaroslavl Lokomotiv in its first season after the plane crash that wiped out the Russian team's roster.

U.S. Sweeps Penn Relays

By THE ASSOCIATED PRESS
Allyson Felix ran on a pair of relay teams that set Penn Relays records, and the United States was flawless in all six relays in the U.S.A. vs. the World races at Franklin Field in Philadelphia.
U.S. NEWS

In Hopeful Sign, Health Spending Is Flattening Out

By ANNIE LOWREY
The slowing of the growth rate is partly explained by the recession, but evidence suggests that changing behavior of health care providers and consumers also partly accounts for it.
Reporter's Notebook

For Edwards and Aide, Another Lost Love Story

By KIM SEVERSON
John Edwards, the former Democratic senator who is facing 30 years in prison, leaned forward and watched as Andrew Young, the man who had held his deepest secret, sat on the witness stand.
The Hard Road Back

Loyal Companion Helps a Veteran Regain Her Life After War Trauma

By JAMES DAO
Tori Stitt is among a growing group of war veterans finding that service dogs can offer relief from some of the effects of post-traumatic stress disorder.
OPINION
Editorial

The Torrent of Spring

Everything seems to be regenerating in the spring - every species of plant, animal and insect - all of them cued to the new light and the new warmth.
Op-Ed Columnist

Incredible Shrinking Country

By ROSS DOUTHAT
There are "babyloids" and relatives-for-rent in an increasingly childless Japan.
Editorial

Truth and Atonement in North Carolina

In a bittersweet postscript to the brutal history of eugenics in America, North Carolina aims to become the first state to offer monetary compensation.

The Washington Post | Today's headlines: Al-Qaeda weaker without bin Laden, but remains persistent

The Washington Post
TODAY'S HEADLINES


TODAY'S HIGHLIGHTS
Al-Qaeda weaker without bin Laden, but remains persistent
In the year since Osama bin Laden was killed, a picture emerges of a terrorism network that is crumpled at its core, yet poised to survive its founder’s demise.
(By Greg Miller)

After Arab Spring, Tunisia faces Muslim divide
In the birthplace of the uprisings that have swept the Arab world, new freedoms have meant gains for Islamists. Their heightened power, in turn, has led to more intimate confrontations in which many Tunisian families struggle with essential questions of identity.
(By Marc Fisher)

Hollywood and Washington’s funny date night
In the basement ballroom of the Washington Hilton, more than 2,000 politicians, celebrities, journalists and hangers-on gathered for the White House Correspondents’ Association annual dinner. The arrangements created a muddled tableau of elites from different industries, with Kate Hudson paired with Colin Powell and Kim Kardashian, Lindsay Lohan, and her attorney seated at the table with Fox News pundits.
(By Dan Zak)

In Maryland, a rare reversal of high school suspensions
The Maryland State Board of Education has expunged the disciplinary records of two lacrosse players suspended last year for carrying a knife and a lighter in their gear bags.
(By Donna St. George)

China, U.S. discuss Chen, activists say
Officials remain silent on blind lawyer’s whereabouts, wary of case’s impact on upcoming talks.
(By Keith B. Richburg and Steven Mufson)

NATION
Al-Qaeda weaker without bin Laden, but remains persistent
In the year since Osama bin Laden was killed, a picture emerges of a terrorism network that is crumpled at its core, yet poised to survive its founder’s demise.
( by Greg Miller , The Washington Post)

Albert Falco, Jacques Cousteau’s diver
Albert Falco, 84, sailed alongside Jacques-Yves Cousteau for almost 40 years as the French underwater explorer’s principal diver and as captain of Cousteau’s ship, the Calypso.
( by Matt Schudel , The Washington Post)

In Everglades, tracking pythons may provide clues to vanishing wildlife
State and federal biologists try to prove — or disprove — that the giant invasive snakes are the reason for the near disappearance of rabbits, opossums, raccoons, foxes and even bobcats.
( by Darryl Fears , The Washington Post)

More National: Breaking National News & Headlines - Washington Post



METRO
D.C. weather cooler than usual
Six of the past seven days have been cooler than normal in Washington, and Saturday was one of the coolest.
( by Martin Weil , The Washington Post)

Va. GOP’s internal battle at center stage
Establishment candidate George Allen emerged unscathed Saturday against tea party challengers in a primary debate for a seat in the U.S. Senate.
(, The Washington Post)

An astrological rarity
May starts with super bright Venus extraordinarily high in the western sky, leaving us positioned for one of nature’s rarest of events: A transit of Venus across the sun on June 5/6.
( by Blaine P. Friedlander Jr. Special to The Washington Post , The Washington Post)

In Maryland, a rare reversal of high school suspensions
The Maryland State Board of Education has expunged the disciplinary records of two lacrosse players suspended last year for carrying a knife and a lighter in their gear bags.
( by Donna St. George , The Washington Post)

Freedom has strict maintenance plan
The statue atop the U.S. Capitol dome is getting some TLC, part of a regular cycle of cleanings.
(, The Washington Post)

More Post Local: Washington, DC Area News, Traffic, Weather, Sports & More - The Washington Post


POLITICS
Hollywood and Washington’s funny date night
In the basement ballroom of the Washington Hilton, more than 2,000 politicians, celebrities, journalists and hangers-on gathered for the White House Correspondents’ Association annual dinner. The arrangements created a muddled tableau of elites from different industries, with Kate Hudson paired with Colin Powell and Kim Kardashian, Lindsay Lohan, and her attorney seated at the table with Fox News pundits.
( by Dan Zak , The Washington Post)

A battle for Iowa’s voters
Democrat Leonard Boswell always faces a tough reelection fight, yet always manages to win. This year may be different.
( by Ed O’Keefe in Des Moines , The Washington Post)

Allen is target in Va. GOP Senate debate
While his opponents — Bishop E.W. Jackson, Del. Robert G. Marshall and tea party activist Jamie Radtke — assailed George Allen, the front-runner focused on Tim Kaine and President Obama.
( by Ben Pershing , The Washington Post)

Protesters rally for women’s rights
About 300 demonstrators gathered near the state Capitol in Richmond on Saturday to continue their months-long protest against proposals they say restrict women’s rights.
( by Anita Kumar , The Washington Post)

Gingrich was unsuccessful but entertaining. Now what?
THE TAKE | Newt Gingrich is slow-walking his way out of a nomination battle that ended long ago. Is it the end for him?
(, The Washington Post)

More Post Politics: Breaking Politics News, Political Analysis & More - The Washington Post


STYLE
In need of a show of support
A reader going through a job crisis — and whose wife isn’t offering reassurance — turns to Carolyn Hax for advice.
(, The Washington Post)

More Style: Culture, Arts, Ideas & More - The Washington Post


SPORTS
Harper’s Hollywood premiere
Bryce Harper has a debut fit for the silver screen, but the Matt Kemp and the Los Angeles Dodgers steal the happy ending, winning 4-3 in the 10th inning on a walk-off homer.
( by Adam Kilgore , The Washington Post)

Olivia Tatara’s big day
SOFTBALL | At softball tournament, Stone Bridge catcher smacks three home runs. Then she hits the game-winning RBI to beat Broad Run.
( by Greg Schimmel , The Washington Post)

Orioles thrash the Athletics
Baltimore’s offense backs up another solid start from newcomer Wei-Yin Chen in a 10-1 win over Oakland.
( by Eduardo A. Encina , The Washington Post)

Busch goes back-to-back
One night after celebrating his first win as an owner, Kyle Busch picks up his first win of the season at a track he has dominated in Richmond.
( by Paul Tenorio , The Washington Post)

Mitchell earns NABO heavyweight belt
Seth Mitchell’s rapid ascent continued when he earned the NABO heavyweight belt with a third-round TKO of Chazz Witherspoon.
( by Gene Wang , The Washington Post)

More Sports: Sports News, Scores, Analysis, Schedules & More - The Washington Post


WORLD
Dissident drama in China echoes decades-old story of Fang Lizhi
A day after the Tiananmen Square massacre, an astrophysicist went to U.S. mission in Beijing for safety.
( by Andrew Higgins , The Washington Post)

China, U.S. discuss Chen, activists say
Officials remain silent on blind lawyer’s whereabouts, wary of case’s impact on upcoming talks.
( by Keith B. Richburg and Steven Mufson , The Washington Post)

Al-Qaeda weaker without bin Laden, but remains persistent
In the year since Osama bin Laden was killed, a picture emerges of a terrorism network that is crumpled at its core, yet poised to survive its founder’s demise.
( by Greg Miller , The Washington Post)

After Arab Spring, Tunisia faces Muslim divide
In the birthplace of the uprisings that have swept the Arab world, new freedoms have meant gains for Islamists. Their heightened power, in turn, has led to more intimate confrontations in which many Tunisian families struggle with essential questions of identity.
( by Marc Fisher , The Washington Post)

As Japan strains to care for elderly, financial sacrifices begin
In what is growing into the world’s grayest society, Japan’s prime minister bets his support on a tax increase designed to fund soaring social security costs.
(by Chico Harlan in NISHINOMIYA, Japan , The Washington Post)

More World: World News, International News, Foreign Reporting - The Washington Post


TECHNOLOGY
Google Service Moves Content on Hard Drives to Cloud
Google Inc. stepped up competition with Apple Inc. and Microsoft Corp. in cloud computing, enabling users to store documents, audio clips and videos through a Web connection.
( by Brian Womack Bloomberg News , Bloomberg)

FCC points to rogue Google engineer over Street View Wi-Fi snooping
While Google got off easy over its Street View data mining case with the FCC — it was only charged a $25,000 fine for obstructing the agency — the full report of the investigation, released today by Google, raises new questions.
( by VentureBeat.com , VentureBeat.com)

Samsung topples Nokia’s 14-year-run as the world’s top handset maker
On top of hitting record quarterly profit in Q1, research firm Strategy Analytics says South Korea-based Samsung has also ended Finland-based Nokia’s 14-year run as the world’s top handset maker.
( by VentureBeat.com , VentureBeat.com)

Google Zerg highlights fun of strategy games
Quick, get your trigger finger ready. Head over to Google.com and type “zerg rush” (without the quotes) into the search field. Clicking on the search icon or hitting return on your keyboard will cause the Google logo to drop tons of little letter Os to attack the entire page, destroying all the search results shown.
( by VentureBeat.com , VentureBeat.com)

Google Drive: Why one competitor believes it has an edge
Box CEO Aaron Levie just can’t stop cracking jokes about Google Drive, even as the new service’s existence threatens Levie’s fast-growing cloud storage business.
( by VentureBeat.com , VentureBeat.com)

More Technology News - The Washington Post


EDITORIAL
Did NAFTA discourage illegal immigration?
The reasons behind the receding tide.
(, The Washington Post)

Fat farms
The scandalous state of federal crop insurance.
(, The Washington Post)

Affording a sustainable Washington
The mayor’s 20-year plan still needs some work.
(, The Washington Post)

Why solar energy in the District deserves a warm reception

(, The Washington Post)

What labor contributes

(, The Washington Post)

More Opinions: Washington Post Opinion, Editorial, Op Ed, Politics Editorials - The Washington Post


BUSINESS
Google Service Moves Content on Hard Drives to Cloud
Google Inc. stepped up competition with Apple Inc. and Microsoft Corp. in cloud computing, enabling users to store documents, audio clips and videos through a Web connection.
( by Brian Womack Bloomberg News , Bloomberg)

San Francisco boutique bagel shop models itself on Internet start-up
Founders of Schmendricks keep upfront costs to a minimum and reach customers through Twitter.
( by Ari Levy , The Washington Post)

FCC points to rogue Google engineer over Street View Wi-Fi snooping
While Google got off easy over its Street View data mining case with the FCC — it was only charged a $25,000 fine for obstructing the agency — the full report of the investigation, released today by Google, raises new questions.
( by VentureBeat.com , VentureBeat.com)

Samsung topples Nokia’s 14-year-run as the world’s top handset maker
On top of hitting record quarterly profit in Q1, research firm Strategy Analytics says South Korea-based Samsung has also ended Finland-based Nokia’s 14-year run as the world’s top handset maker.
( by VentureBeat.com , VentureBeat.com)

Google Zerg highlights fun of strategy games
Quick, get your trigger finger ready. Head over to Google.com and type “zerg rush” (without the quotes) into the search field. Clicking on the search icon or hitting return on your keyboard will cause the Google logo to drop tons of little letter Os to attack the entire page, destroying all the search results shown.
( by VentureBeat.com , VentureBeat.com)

More Business News, Financial News, Business Headlines & Analysis - The Washington Post