Wednesday, October 21, 2015

The fund management fee racket

Charley Ellis, author of 'Winning the Loser's Game', explains to the FT’s John Authers how, almost uniquely, the fund management industry has managed to avoid competing on price.


Sunday, October 18, 2015

Prospects for Spain’s recovery 

FT deputy editor John Thornhill speaks to Luis de Guindos, Spain’s minister of economy and competitiveness, about the country’s nascent economic recovery, how its high unemployment rates can be tackled and what reforms are still needed.


What opportunities are there to invest in Spain and what impact will the country’s upcoming election have on investor confidence? FT hedge fund correspondent Miles Johnson speaks to Joseph Oughourlian, chief executive of Amber Capital.


Wednesday, October 14, 2015

Push to keep the UK in the EU has begun

The push to keep the UK in the EU has begun, with the launch of the Britain Stronger in Europe campaign. But as Janan Ganesh explains to Lionel Barber, the editor of The Financial Times, there will never be a clear answer to the Europe question, despite a referendum.


Sunday, October 11, 2015

Limerick chartered accountancy firm using stolen Finfacts content

Plagiarism is common on the web and when a business firm takes the complete content of articles from the Finfacts website plus images, and presents it as its own, it's a bridge too far.

MacLoughlin & Company says it "is a small Chartered Accountancy Firm which specialises in Tax, accounting and business solutions to the Limerick area."

It has 209 articles in its website's news section and apart from Finfacts content, there are articles from several foreign sources including this week a complete piece on the sale of a Picasso painting that also appears in The Guardian newspaper with the byline: "Mark Brown Arts correspondent" — MacLoughlin & Company may have contracts with the foreign sources but it has none with Finfacts.

We have no problem with fair use of content with a hyperlink to the original source but in this case the full content that involved significant research, has been republished and is presented by the firm as its own. 

We have submitted a complaint to the Chartered Accountants Regulatory Board.

Irish Politics: Scraps on tax & welfare in place of vision — 9 Oct posted on Finfacts

Half Ireland's population paid public income supports in 2014 — 8 Oct posted on Finfacts

Irish Budget 2016: Bruton wants 30% flat tax rate for immigrants — 4 Oct posted on Finfacts

Friday, October 09, 2015

Pro-life, pro-gun, and hypocrisy in America

Trevor Noah of the Daily Show proposes that anti-abortion advocates like Carly Fiorina and Jeb Bush channel their pro-life rhetoric into another vital issue: gun control.


Presidential hopeful Ben Carson doubles down on condemnatory remarks he made about victims of a mass shooting at an Oregon community college.


Wednesday, October 07, 2015

Jack Dorsey back as CEO of Twitter to find some magic

Twitter has named co-founder Jack Dorsey as chief executive - even though he already runs start-up Square, a payment processing firm. Hannah Kuchler and Leslie Hook discuss what the move means for the companies and how he plans to tackle both their challenges at once.

Twitter v Square: will a joint CEO work? | FT Business Notebook


AOL's BBG Ventures Founder Susan Lyne discusses the permanent appointment of co-founder Jack Dorsey as Twitter CEO. She speaks on "Bloomberg Markets."


Finfacts 2013: Twitter's backstabbing founders set for IPO and firm valued at $18bn

[The new “permanent CEO” inherits a social network with stagnating growth, an arguably overpriced stock, and vitriolic content that’s turning off some high-profile users,] says Bloomberg News

Monday, October 05, 2015

Big Game, Big Money: The trade in African wildlife

The Financial Times reports that "Magude is the first staging post in a global supply chain that ends in east Asia, where rhino horn has long been coveted for its supposed healing powers.

It is one of three Mozambican towns investigators cite as a recruiting ground for poachers behind the intensifying massacre of rhinos. Just 40 miles of straggly bush to the west is South Africa and Kruger National Park. A decade ago it was a haven: poachers killed an average of 14 rhinos a year in South Africa between 1990 and 2007. The number rocketed to 83 in 2008, and 1,215 last year, about five per cent of Africa’s total population."

Prince William, who is president of United for Wildlife, writes today in the Financial Times:

"that conservation is about people, not just animals: the 1,000 park rangers who have been killed by poachers in the past decade; the victims of the militia organisations that use the profits of poaching to fund conflict and massacres; the millions of Africans whose economic security relies on a wildlife tourism industry but whose livelihoods are being destroyed. About 80 per cent of revenue received in Africa from tourists comes from watching wild animals, which are the ones most often threatened by poaching. The criminals who plunder the world’s natural resources are trapping fellow human beings in poverty, denying future generations the right to economic and social development. It is a vicious circle."