Global Business, Finance, and Management Newsletter – November 2009

Dear friends and colleagues,

Welcome to this month’s issue of my newsletter featuring selected articles on finance, accounting, audit, and global business.

I hope you will find this information interesting.

Feel free to contact me in case you require any additional information on the topics discussed below.

With very best regards,
Armando Nuricumbo


FINANCE AND ACCOUNTING

SEC Publishes its Strategic Plan 2010-2015
The Securities and Exchange Commission has released for public comment its draft Strategic Plan for Fiscal Years 2010-2015.
http://www.journalofaccountancy.com/Web/20092237.htm

Internal Audit Staff Hit Hard by Recession
The staffing level of internal audit departments was hurt badly by the recession, but the worst might be over, according to a new survey.
http://www.webcpa.com/news/Internal-Audit-Staff-Hit-Hard-by-Recession-52011-1.html?ET=webcpa:e520:84563a:&st=email

Regulators to create standard for climate-change reporting
The accountant has a valuable role in climate-change strategy such as helping to create a standard for project evaluation and reporting.
http://www.webcpa.com/news/ACCA-Accountants-Climate-Change-Reporting-51979-1.html

Bank of America could face breakup
As the government shows an increasing tendency to penalize large banks, a breakup into smaller units could be the way forward for BoA.
http://www.washingtonpost.com/wp-dyn/content/article/2009/10/02/AR2009100205138.html

Whistle-blowers help IRS find evaders
The IRS's whistle-blower program received 476 tips in the past fiscal year, providing information about 1,246 tax evaders.
http://www.webcpa.com/news/Informant-Program-Spurs-IRS-Whistleblower-Tips-51964-1.html?zkPrintable=true

Fraud fugitive busted after unwise friend request
He was living the dream of a fugitive abroad, kicking back on the beaches of Cancun by day, partying in the clubs by night. Then…
http://www.google.com/hostednews/ap/article/ALeqM5ilOmrpv165cB6Tb-U8Hg15YkJAvAD9BAELSO0


GLOBAL ECONOMY

The new, more frugal, American consumer?
For all the uncertainty about the economy, everyone is sure of one thing: this recession has permanently remade American consumers.
http://www.newyorker.com/talk/financial/2009/10/12/091012ta_talk_surowiecki

Soon, Bloggers Must Give Full Disclosure
Bloggers will be required to disclose remuneration on their blogs. Penalties range from warnings to fines as high as $11,000 USD.
http://www.nytimes.com/2009/10/06/business/media/06adco.html?_r=1&ref=technology

In The US, Nearly Half of Households Pay No Income Taxes
About 47 percent of households will not be paying any income taxes this year, placing a greater burden on those who do.
http://www.webcpa.com/debits_credits/Nearly-Half-of-Households-Pay-No-Income-Taxes-51975-1.html?ET=webcpa:e514:84563a:&st=email

Too Rich to Worry? Not in This Downturn
Ultra-rich families are finding that great wealth does not necessarily shield them in a hard-hit economy.
http://www.nytimes.com/2009/10/03/your-money/03wealth.html?nl=your-money&emc=your-moneyema1


MEXICO AND LATIN AMERICA

Bargains in Latin America, Where Luxury Costs Less
Meals are often half the cost, hotels are more luxurious, and spa treatments are so affordable you feel good about splurging.
http://travel.nytimes.com/2009/10/25/travel/25praclatin.html?nl=your-money&emc=your-moneyema3

Tax Cheats in Mexico Find U.S. Banks a Safe Haven
For all the scandal about Americans who hide money overseas, the US turns a blind eye to foreigners who park money in the US.
http://www.time.com/time/business/article/0,8599,1933288,00.html?xid=rss-topstories

Brazil Best Place to Invest Among BRICs
Brazil is best place to invest among large emerging markets because of rising demand for commodities.
http://www.bloomberg.com/apps/news?pid=20601086&sid=asTBbZ0842FM

German living for 13 days in Brazil airport
A German man dumped by a Brazilian woman he met on the Internet stayed at the airport for 13 days before being taken to the hospital.
http://www.msnbc.msn.com/id/33542483/ns/travel-news/


OPPORTUNITIES

Land for sale in Zumpango, Estado de México.
45 minutes from Mexico City. Approximately 10,000 m2. Flat. All legal documentation in order. Excellent investment. Sold by owner.
http://www.nuricumbo.com/files/Terreno_en_Zumpango.pdf

Historic house for sale in San Diego, Guanajuato.
30 minutes from Dolores Hidalgo. 3 hours from Mexico City. Excellent location for business. 300 m2. Sold by owner.
http://www.nuricumbo.com/files/Casa_en_San_Diego_de_la_Uni_n.pdf