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February 21, 2013
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Daily newsletter from NYSSA for investment professionals

  Top Story 
  • U.S. lawmakers plan to introduce transaction-tax bill
    The political momentum for a U.S. financial-transaction tax seems weak, but two Democrats -- Sen. Tom Harkin of Iowa and Rep. Peter DeFazio of Oregon -- stand ready to reintroduce a bill in Congress to tax bond and equity transactions at 0.03%. Derivatives would be taxed, too, at a yet-to-be-determined rate. Those in the industry say such levies would curb economic growth and shrink trading volumes. The Trade News (U.K.) (2/20) LinkedInFacebookTwitterEmail this Story
10 ways to inspire creativity in your staff.
Fostering creative business practices isn't as hard as it seems and can lead to smart solutions. Use these ten techniques to help inspire and encourage creativity in your staff. Read the article and learn 10 ways to get the creative juices flowing.

  Industry Update 
  • Fed pilot program broadens pool of bond sellers
    A pilot program will allow up to five small dealers to compete with the existing 21 primary dealers from which the Federal Reserve Bank of New York buys bonds. The mission of the Fed program is "to continue to explore the effectiveness and feasibility of expanding operations to a broader range of counterparties," the bank said. Reuters (2/20) LinkedInFacebookTwitterEmail this Story
  • Fraud remains in Libor process, CFTC's Gensler says
    Fraud continues to affect the way the London Interbank Offered Rate is set, says Gary Gensler, chairman of the Commodity Futures Trading Commission. "We have a lot more work to do," said Gensler, who noted lapses in regulatory agencies. BBC (2/21) LinkedInFacebookTwitterEmail this Story
  • SEC's Aguilar calls on companies to offer pay details
    Companies need to voluntarily disclose compensation details to shareholders, says Luis Aguilar, a member of the Securities and Exchange Commission. "The relative pay of different classes of employees, such as the ratio between CEO compensation and median pay, can ... create risks to an enterprise, including the risk of employee, customer and shareholder discontent," Aguilar said. Industry groups have expressed concern about gathering and disclosing such information. Reuters (2/20) LinkedInFacebookTwitterEmail this Story
Building Workplace Trust 2015
Interaction Associates' 6th annual research study tracking trust on the job, Building Workplace Trust, is out, and more than half of employees surveyed give their organizations low marks for trust and leadership. Yet this year's findings again point to how high trust leads to better outcomes and financial results — and even boosts innovation.

  New York Focus 
  • State may impose evaluations on New York City teachers
    New York education officials should impose a teacher-evaluation system on New York City schools if the city and its teachers fail to come to an agreement on assessments by June, Gov. Andrew Cuomo says, adding that this should be the approach every year. "Any year that the New York City school district does not have a plan in place, then [the state Education Department] would come in and put the plan in place," Cuomo said. The Wall Street Journal (2/20) LinkedInFacebookTwitterEmail this Story
Transformational Journeys: Modern Business Planning
Harvard Business Review explores why CFO's and their finance organizations must adapt to the changing landscape of their markets and how big data, organizational collaboration, and new cloud-based planning and analysis technologies are driving successful change.
Click here to access the report.

  Career Development 
  • Assess conflict before attacking it
    Savvy leaders know it's critical to assess a conflict before attempting to resolve it, Dan McCarthy writes. Conflicts of emotions, needs and values each have to be handled differently, so first determine the type of conflict and then select the proper response, McCarthy writes. Great Leadership (2/20) LinkedInFacebookTwitterEmail this Story
How to Achieve IT Agility: A Survival Guide for IT Decision Makers
When business teams add new apps and services to already-strained networks, IT departments are accountable for making everything work. Is your team ready for this challenge? Read this eGuide to learn how IT teams are automating their networks, why they're utilizing Ethernet fabrics and SDN, and what success looks like as they regain network control and business relevance.

  On The Economy 
  Financial Products 
Never help a child with a task at which he feels he can succeed."
--Maria Montessori,
Italian physician and educator

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