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February 19, 2013
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Daily newsletter from NYSSA for investment professionals

  Top Story 
  Industry Update 
  • Commentary: Ratings agencies need competition
    The Securities and Exchange Commission needs to break the hold that Moody's Investors Service, Standard & Poor's and Fitch Ratings have on the ratings industry, writes Jeffrey Manns of George Washington University. Steps by the SEC to create meaningful competition would do more to reform the industry than will the Justice Department lawsuit against S&P, Manns writes. Bloomberg (2/18) LinkedInFacebookTwitterEmail this Story
  New York Focus 
  • Bloomberg wants 10,000 electric-car charging spaces
    New York Mayor Michael Bloomberg has proposed the installation of 10,000 parking spaces for electric vehicles, each with their own battery-charging station, over the next seven years. "We'll add 50 more electric vehicles to the city's fleet of cars," Bloomberg said. "And we'll put the first six fully electric taxis on the road -- with the goal of making one-third of our taxi fleet electric by 2020." Daily News (New York) (2/18) LinkedInFacebookTwitterEmail this Story
  • School bus strike cost New York City more than $20M
    Reimbursing parents for transportation during the New York City school bus strike cost the city more than $20 million, Schools Chancellor Dennis Walcott says. Drivers are getting ready to return to work, but Walcott says parents should be prepared to deal with delays and other problems with school bus service. The Wall Street Journal (2/18) LinkedInFacebookTwitterEmail this Story
  Career Development 
  • What George Washington can teach leaders
    George Washington led his troops to victory against the British redcoats at Trenton, N.J., in 1777 in part by adopting a more democratic approach to leadership, Signe Spencer writes. Rather than simply issuing commands and expecting obedience, Washington sought the advice of his subordinates and thereby hatched a battle plan that was more innovative and effective than anything a single general could have devised alone, Spencer writes. Great Leadership (2/17) LinkedInFacebookTwitterEmail this Story
  People & Personalities 
  • SEC's Walter rejects "caretaker" tag
    Securities and Exchange Commission chief Elisse Walter says she has no interest in acting like an interim leader. "I made it clear to everyone that I wasn't interested in being a caretaker," Walter says. Her agenda includes finalizing regulations mandated by the Dodd-Frank Act. The Washington Post (2/18) LinkedInFacebookTwitterEmail this Story
  On The Economy 
Everything that lives, lives not alone, nor for itself."
--William Blake,
British poet and painter

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