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5 Steps To Cheap Car Insurance Premiums
Although car insurance is compulsory, it's not necessary to pay more than you have to. A few simple steps combined with some time surfing for competitive car insurance rates really can save you serious money.
Step 1 - Cut The Insurer's...
Dealing with the aftershock
Events such as the Asian Tsunami, and the terrorist attacks in
London, have focused the minds of the public on the issue of
post trauma stress. But while the need for post trauma support
and counselling for those directly affected by events such...
Effective Risk Management
Risk is embedded in every opportunity a business faces. And poor risk management can result in large financial costs, or even failure. Risk points can emerge anywhere: small scale project delays, the misguided actions of an employee, or a fire in an...
How Available Are You?
The internet can be pretty scary at times. Do you realise how easy it is to access your personal information?
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Identity Theft – Who Would Want Mine?
With all my bills who would possibly want my credit? Let them steal my identity and pay my bills! Unfortunately, that’s not the way it works. Many of us mistakenly believe that identity thieves hit only the wealthy. Nothing could be farther...
Little Known Facts About Your Credit Score
Little known facts about YOUR credit report ...
Changes are afoot! According the U.S. Federal Trade Commission (FTC), you are entitled to a FREE copy of your credit report if you meet any of the following guidelines:
· Are unemployed and are...
Need Credit Repair Help? Try Doing It Yourself!
No matter what many credit counseling scam artists may try to
tell you, no one can legally remove any information that is
up-to-date and accurate from your credit report. They can't do
it, and you can't do it yourself. However, you CAN request...
Positions in Time Management
What are our positions in time management? Time management is
the process of planning to reach a goal, and finding a solution
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What Are Internet Radio Hosts Looking For In Their Guests?
Copyright 2005 Black Butterfly Press
http://www.maxinethompson.com
As an Internet Radio Host of On The Same Page on www.voiceamerica.com, over the past three and a half years, I have interviewed such illustrious guests as Haki Madhubuti of...
What Every Employee Should Know About Preventing Customer Service Conflicts
There are five techniques that have been proven to be effective in resolving, minimizing, and preventing conflicts. And by conflicts I am referring to any of the following that may take place between two or more people: misunderstanding,...
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Sarbanes-Oxley: The Wrong Solution To A Legitimate Problem.
Sarbanes-Oxley Act or the accountant full employment act as I
like to call it, refers to legislation introduced by Senator
Paul Sarbanes (D) MD and Representative Michael Oxley (R) Ohio
and passed in July of 2002 in response to the Enron and Worldcom
scandals.
Whenever the nation is confronted by a problem or crisis
Congress feels that they must pass some sort of legislation in
order to give the impression that they are doing something to
fix the problem.
The legislation usually only addresses the symptom and not the
cause, just like Doctors today who are no longer healthcare
providers but pill pushers, they prescribe one medication for
the illness and another for the side affects, without regard to
the damage cause to vital organs such as kidney and liver.
When there is a problem congress passes legislation, and when
there isn't a problem congress passes legislation and then
passes more legislation to deal with the problems the
legislation causes.
When you put a bunch of crazy people and lock them in a building
you have an Asylum, when you have a bunch of lawyers together in
a building you also have an asylum.
We as a nation expect and demand too much from the politician in
Washington, next we will be asking them to pass a law banning
hurricanes and floods, which will have the same affect as
Sarbanes-Oxley.
No legislation Congress can pass will stop the criminal mind
from circumventing it. When you have people using all their
creative powers to come up with ways to circumvent existing laws
that are flaw to begin with.
When you have a bunch of Senators and Representative and their
staff, most of who have never spent a day in business legislate
conduct and behaviors for businessman, you end creating more
problem than you set out to fix.
The reputation of lawyer is just below that of Witch Doctors and
Rain Dancer, yet we send them to Washington to set up laws to
govern every area of our lives.
Sarbanes-Oxley also known as Sarbox is intended to restore faith
in U.S. financial system, but is storing vast amounts of data
the answer: This may help prosecutors later to convict the wrong
doers but it does not provide the transparency needed.
Under Sarbox publicly traded companies must have policies and
controls in place to secure, documents and process material
information dealing with their financial results.
This piece of legislation was intended to be apply to publicly
traded companies with revenues over 25 millions, But like every
other bad medicine it has side affects that must be dealt with.
Some large companies are making small Corporation public and
private institute Sarbanes-oxley internal controls, as a
condition for doing business with them. This is very costly
venture for small companies that need every penny to grow their
business.
If Sarbox was intended to protect the investing public what
right do large corporation have to demand that private companies
comply?
Over the last ten years the Fortune 500 companies have loss over
15 million jobs while small businesses have created 20 million
new jobs. But many of this small company need to pour their
resource into their businesses in order grow and in some cases
to stay in business.
These creators of wealth must be allow to continue their
ingenious work and provide fuel to our economy without
impediment from Sarbox,
Venture Capital money is to expensive and SBA loans are sham so
how can small companies comply with these expensive internal
control without cutting back on hiring and other vital areas.
Why are small companies being held to higher standard when the
law requires
something less?
I keep hearing that relief is on the way, but I Hope it comes
from the Securities and Exchange Commission and not from
Congress the last thing we need is another piece of legislation.
What good are internal controls when the people reviewing them
are the ones abusing them, Sarbox requires public companies to
improve their corporate reporting and oversight and to increase
operational transparency, accountability, and truthfulness.
I don't think that any one in their right mind believes for
second that had Sarbox been in the law at the time it would have
stop the people at Enron and worldcom.
If they want laws to deal effectively with Enron and Worldcom
like problems maybe they should get Ken Lay (Enron) and Bernie
Ebbers (Worldcom) to write them.
In 1933 When President Roosevelt was asked why selected a person
of such questionable character as Joseph P. Kennedy to head the
newly created SEC, Roosevelt Replied "It takes a crook to catch
a crook"
So lets make Ebbers and Lay Pay their debt to society by
drafting legislation to protect the investing public from the
likes of them.
Maybe we should enforce the laws already in the book and make
sure these people spend a very long time behind bars as an
example to anyone thinking of doing the same.
We can also stop letting Hollywood set the moral standard for
our children, kids today spend an enormous amount of time behind
the tv screen and too many weekends at the theater.
And maybe the real culprit is our educational system, where kids
are being taught at every level that everything is relative, and
that there are not absolutes.
If everything is relative then this individuals did not commit
any crime after all they were just out to make a few bucks and
their tactic were well within the scope of relativity.
Today we live in a society where even judges are offended by the
Ten Commandments, it's understandable it is very offensive to be
told "Thou shalt not steal" somebody might actually obey and
refrain from stealing.
There is a bible verse that says "Do not be deceived God cannot
be mocked. A man reaps what he sow" we have been sowing too much
into relativity and not enough into absolutes.
And now we are paying the price, you always reap more than you
sow, if you sow one tomato seed you will reap a tomato plant
with lots of tomatoes.
So lets start by reforming Sarbox and increase transparency and
not bureaucracy, lets allow the creative minds that have giving
us 20 million new jobs in ten years and great technological
advances continue to work without hindrance.
Maybe we don't have the answer but until we can come up with a
workable solution we should refrain from passing legislation or
maybe we should elect fewer lawyers to public office.
Joseph Quinones is President and founder of Genesis Corporate
Advisors, prior to that he was President and founder of JDQ
financial Group, Inc. a full service broker dealer which Mr.
Quinones proceeded to build up from a one man operation to the
point where it employed many traders, and advised numerous
clients while generating millions in revenues.
For additional information please visit:
http://www.genesiscorporateadvisors.com
About the author:
Joseph Quinones is President and founder of Genesis Corporate
Advisors, prior to that he was President and founder of JDQ
financial Group, Inc. a full service broker dealer which Mr.
Quinones proceeded to build up from a one man operation to the
point where it employed many traders, and advised numerous
clients while generating millions in revenues.
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