Archive for March, 2008
« Previous EntriesSEC Proposes to Open Overseas Investing
Saturday, March 29th, 2008The Washington Post reports that “[t]he Securities and Exchange Commission outlined actions it is contemplating to give U.S investors easier access to overseas markets, but some investor groups worried that it was acting too quickly.”
In a press release on March 25, the SEC proposes to lower the amount of assets investors need to engage directly [...]
Popularity: 27% [?]
California Legislation Attacks Sovereign Wealth Investing
Saturday, March 29th, 2008Proposed legislation in California seeking to restrict pension fund allocations to sovereign wealth-backed private equity firms is taking center stage in the institutional investor community.
The Responsible Private Equity Investment Act of 2008 bill (AB 1967) is sponsored by Democratic assemblyman Alberto Torrico. The act would prohibit the California Public Employees’ Retirement System (CalPERS) and the [...]
Popularity: 26% [?]
Labor’s Challenge to PetroChina
Saturday, March 29th, 2008In a letter to PetroChina CEO Jiang Jiemin, Florida State Board of Administration Senior Corporate Governance Officer Michael McCauley and AFL-CIO President John Sweeney call on the largest oil company in China to take responsibility for its actions in the two biggest human rights hot-spots in the world: Burma and the Sudan.
Read the attached letter below.
petrochina-letter-on-sudan-and-burma-from-afl-cio-and-florida.pdf
[...]
Popularity: 41% [?]
Anglo American: People vs. Platinum
Wednesday, March 26th, 2008As reported by the BBC, “Who Pays the Price for Platinum?” indigenous people in several communities in South Africa are being displaced by a platinum mine being developed by Anglo American, a global mining company. Several hundred residents around the third largest mining operation in the world are refusing to be displaced despite efforts by [...]
Popularity: 27% [?]
Why China Matters
Tuesday, March 25th, 2008As I read through my various newspapers this morning, I again come across numerous articles on business in China. Much of what is published talks about the rapid expansion in the country, new entrants, foreign companies expanding their operations and the like. There is also talk about the problems in China: pollution, resource depletion, colonialization and so [...]
Popularity: 22% [?]
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