Category: Business Development

ACLU and lawyers sue to free ex-Trump attorney Michael Cohen

NEW YORK (AP) — President Donald Trump’s former personal lawyer sued Attorney General William Barr and the Bureau of Prisons director Monday, saying he’s being unjustly held behind bars to stop him from finishing a book that criticizes Trump.

The lawsuit on behalf of Michael Cohen was filed late Monday in Manhattan federal court, alleging his First Amendment rights were violated when he was returned to the Federal Correctional Institution in Otisville, New York, on July 9.

A message for comment was left with the Justice Department.

Cohen, 53, had been furloughed in May as part of an attempt to

Read more

Big problems with the Paycheck Protection Program?

The smartest insight and analysis, from all perspectives, rounded up from around the web:

“The U.S. Small Business Administration released 4.8 million loan records detailing who received money from the $530 billion Paycheck Protection Program,” said Taylor Borden at ­Business Insider — and it’s quite a list. Kanye West’s Yeezy sneakers brand is on it, with a loan of $2 million to $5 million. So are the Girl Scouts of America, the Archdiocese of New York, the Ayn Rand ­Institute — a think tank known for promoting “hard-core ­capitalism” — and the anti-tax Americans for Tax Reform Foundation. “Meant

Read more

Rich Mexicans Are Fleeing to Miami and Funneling Money Overseas

(Bloomberg) — Two years into his campaign to crack down on rampant tax evasion and corruption in Mexico, President Andres Manuel Lopez Obrador is scaring the rich into shipping their money abroad.

The very first signs of this capital flight date back to the run-up to Lopez Obrador’s landslide electoral victory in 2018, and they mounted after he implemented new laws against tax evasion late last year, according to interviews with a dozen wealth managers, tax advisers and bankers. Now, the populist president’s response to the pandemic — in which he’s refused to provide fiscal stimulus to shore up the

Read more

Asia-Pacific firms can become ESG global citizens, Deutsche Bank regional ESG head says

From manufacturing clothing in sweatshops to poor environmental practices, Asia-Pacific businesses have lagged behind the rest of the world for years on environmental, social and governance (ESG) matters.

Asian investors and businesses are increasingly considering how to address environmental and social factors at the start of their discussions about investing in projects or constructing portfolios, rather than trying to screen out bad actors late in the game, Khan said.

“This is an opportunity for them [to say] I can establish myself through ESG as a global citizen,” Khan said. “It is an opportunity for Deutsche Bank to support such companies,

Read more

‘Someone needs to help parents control their kids’ spending’

The BBC’s weekly The Boss series profiles different business leaders from around the world. This week we speak to Louise Hill, founder of GoHenry, a banking business that provides debit cards for children.

Standing on the touchline as her son played football, Louise Hill started moaning about how her kids’ spending habits were spiralling out of control.

At the time her son was eight and her daughter was 11. Louise was so frustrated by how much they were buying online that she would pin Apple invoices to the fridge door to help her kids understand why their £4 a week

Read more