ETF's role in market, gay marriage ruling benefit queries and IRS Tea Party scrutiny

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June 28

NEWS SPORTS LIFE MONEY TECH TRAVEL OPINION WEATHER

Stock funds score solid gains in first half Health and biotechnology funds were the leading sectors, jumping an average 20.8%. Gay marriage ruling raises questions on benefits Experts say many legally married gay couples eligible for federal benefits. IRS: Liberal groups got less scrutiny than Tea Party Tax committee wants to know more about how broad IRS targeting was. ADVERTISEMENT

MORE HEADLINES Personal Finance ETFs unfairly blamed in recent market drama Big moves in emerging markets and municipal bonds spark criticism. columnist Investing: The charms of low-priced stocks How to invest in low-priced stocks: Lessons from Joel Tillinghast Personal Finance Pay-what-you-want GoBank puts mobile users first GoBank is the first bank designed specifically for mobile use. markets Next market challenge: Bust through old highs What would signal the market has its mojo back? business Prognosis varies for self-insured under health law Will you be better or worse off under health law? Depends on your age, health and location. columnist Ask Matt: Why are Fannie shares rising so much? Ask Matt: Shares had risen to $4 in May, but have since dropped back to $1.40. business Fungus decimates coffee beans in Central America "La roya," a fungus, has devastated coffee plantations across Central America this year.   See More on USATODAY.com

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Development Finance Watch, Issue 121

This email is not displaying correctly? View it in your browser. Issue 121, 27 June 2013 Top Story Troika loans to Greece: a gift for creditors, not for people A new briefing by Attac Austria analyses who is benefiting from the crisis loans to Greece. At least 77% of the €206.9 billion loans by the Troika of the International Monetary Fund (IMF), European Union and European Central Bank (ECB) were used to bail out creditors and recapitalise banks. The analysis confirms that Troika involvement in Greece is not benefiting the people but the creditors, repeating a history of debt crisis management we have seen in many developing countries in the past. Read more   News New EU anti-corruption standards increase demands for greater transparency to combat tax dodging After years of talking, EU leaders seem willing to take action at last on requiring transparency that will shed light on tax dodgers. There are at least two opportunities for concrete legislation that the EU cannot afford to miss this year, although Member States still seem to be dragging their feet. Read more Report New European Union development cooperation strategies in Latin America A new report on Latin America by Eurodad partner networks – including CIFCA, Grupo Sur, ALOP and APRODEV – sheds light on some of the challenges created by the current trend of using ODA to leverage public and private finance. Read more Report European companies in the paradise of lost taxes A new report by Eurodad member organisation CCFD-Terre Solidaire and the institute CERAS concluded that the 50 biggest companies by turnover in Europe all have a presence in tax havens around the world. Thanks to increasing political mobilisation behind the issue and politicians’ recognition of the need for change, civil society’s proposals in this area are starting to be taken into account. However, this new report highlights that more ambitious measures are needed. Read more Featured Member  Spanish Eurodad member InspirAction works together with 650 local partners worldwide to change the systems that are perpetuating poverty and injustice. Their recent petition to end world hunger urged G8 leaders to take action against tax evasion and to strive for more transparency. Featured resources Selected pictures from Eurodad-Glopolis International Conference See more material (live streams, presetnations and interviews) from the Conference Send feedback on how to take the Debt Justice Action campaign forward Quote “Finance is not serving the real economy but in fact it is overtaking it. There is a need for regulation of the financial sector so that finance serves the real economy”, Mah Hui Lim (South Centre)’s presentation at the Eurodad-Glopolis Conference earlier this month. Facts & Figures 77% of the public funds disbursed to Greece as part of the bail-out programmes of the EU and IMF went to the financial sector – either directly via bank recapitalisations, or indirectly via repaying government debt, according to ATTAC Austria’s investigation. Eurodad in Action  Jeroen Kwakkenbos and Stéphanie Colin took part in the annual meeting of the OECD Development Assistance Committee (DAC) Network on Development Evaluation. Jesse Griffiths gave a presentation on development finance sources at the International Day of African Childhood and its Youth (IDAY) conference. Øygunn Brynildsen spoke at the UN Expert Consultation on the negative impact of illicit financial flows on human rights. Vacancies Eurodad seeks a Senior Research Analyst and a Communications and Funding Manager. Check these vacancies Bretton Woods Project is looking for a Research Assistant ActionAid is looking for a Tax Justice Advisor based in Mozambique   If you have any feedback on articles, content suggestions  for future issues or other thoughts, please write to: assistant@eurodad.org Eurodad is a non-profit organisation based in Belgium. For a list of Eurodad member groups across Europe, or to join, visit our website  Follow us on Twitter | Like us on Facebook | Forward to a friend  Copyright © 2013 Eurodad, All rights reserved.  Articles are available for re-use in other publications, as long as reference is made to the original source.  Mailing address: Rue d’Edimbourg, 18-26. Brussels 1050. Belgium  Unsubscribe from this list | Update your profile information

Home sellers' ranks rising, bond funds are falling and a look at company profits

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June 21

NEWS SPORTS LIFE MONEY TECH TRAVEL OPINION WEATHER

Home sellers' ranks grow as home prices rise Some increasingly confident sellers are even setting prices higher than Realtors recommend. Ask Matt: Can companies keep big profits coming? Ask Matt: Next few weeks will tell how close they come to projected 3.5% growth for Q2. Investing: Bond funds stink? What to do now Consider a CD ladder if bonds scare you. our John Waggoner advises. ADVERTISEMENT

MORE HEADLINES Personal Finance Madoff victims can't sue big banks, court rules Court says trustee who sought billions from JPMorgan Chase, USB and others can't file suit. Personal Finance Mortgage rates dip but likely to rise soon Rates fell this week, with the average on the 30-year fixed loan remaining just under 4%. columnist Ask Matt: Can government view online broker accounts? Ask Matt: Online services haven't been named for government sharing, but . . . . business Banks not following mortgage standards A federal report says banks must do better in working with distressed mortgage borrowers. columnist Ask Matt: Can Yahoo reach all-time high territory? Ask Matt: Depending on when you bought the stock, it's either doing great or it's tanked. columnist Ask Matt: How key are theme parks to media giants? Ask Matt: Analysts expect the amusement park business to grow. business Women's rights and wrongs: Hot topic at Cannes ad fest Advertisers are still trying to figure out how to reach women.   See More on USATODAY.com

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Development Finance Watch, Issue 120

This email is not displaying correctly? View it in your browser. Issue 120, 13 June 2013 Top Story IMF acknowledges failure of recent debt restructurings and proposes new reforms As the United Nations moves rapidly towards alternative proposals to sovereign debt work-out, it seems that the International Monetary Fund (IMF) does not want to be sidelined on the issue. A ground-breaking new IMF study acknowledges the failure of debt crisis management as we know it. Among the proposed solutions is a Fair and Transparent Arbitration Process, which Eurodad and our members have been campaigning for over many years. Read more  News Eurodad-Glopolis international conference closes on a very inspiring note  Eurodad’s biennial conference “Debt, finance and economic crisis: consequences and solutions” has been a very inspiring event. Co-organised with Eurodad member organisation Glopolis, last week’s Prague conference brought together leading civil society thinkers from around the globe working on issues ranging from debt, tax justice, aid, private finance, the International Financial Institutions (IFIs) and global monetary reform. Read more Blog Brazil’s ‘debt cancellation’ for Africa leaves more questions than it answers On 25 May Brazil announced the “cancellation or restructuring of up to $900 million of debt owed by 12 African countries though the details remain extremely unclear, including what this may actually be worth to African countries, and crucially what Brazil expects in return. Read more News European Parliament examines aid, but debate remains focused on the wrong issues  On 30 May, Eurodad gave evidence to a European Parliament hearing nominally on how the EU can deliver better aid, but in reality focused on the controversial trend towards ‘blending’ aid to subsidise or support private sector investments in developing countries. Read more  Lots of interesting resources   CNCD's report exposes tax injustice Debt and Development Coalition's WorldBank-IMF Watch 2013 SOMO's new research report : Should the Netherlands sign tax treaties with developing countries?  ÖFSE's report on Private sector development with a Eurodad contribution on the role of development finance institutions Briefing paper by Eurodad' s South Korean partner PSPD: The role of a financial transaction tax in sustainable finance Featured Member  Welcome to our new Eurodad member SOMO -Centre for Research on Multinational Corporations- based in the Netherlands. Quote "Most of the growth in GDP has been accruing to capital while the amount of GDP going to labour and wages is declining in 70-80% of the countries. This implies more debts and loans to maintain the population's consumption levels while excess wealth and savings is being invested in speculative financial activities which give super profits. To create a more stable economy you need a more equitable distribution of wealth". Mah Hui Lim's presentation at the Eurodad-Glopolis Conference Facts & Figures 119 countries are implementing austerity measures this year - of these, 89 are developing countries. Over the next two years, one out of every four countries is expected to cut their public expenditure to below pre-crisis levels. Average public spending cuts are deeper in developing countries than in developed countries. From Isabel Ortiz's presentation at the Eurodad-Glopolis conference based on a Review of Public Expenditures and Adjustment Measures in 181 Countries Eurodad in Action  Eurodad's Director Jesse Griffiths gave a presentation at a European Parliament Joint Hearing on How can the EU deliver Better Aid   Events What: IDAY conference on Education for all in Africa When: 20 June 2013 Where: ACP Secretariat, Brussels, Belgium What: Summer University of the Committee for the Cancellation of the Third World Debt When: 28-30 June 2013  Where: La Marlagne (near Namur), Belgium Vacancies Eurodad staff Eurodad seeks a Senior Research Analyst, a Communications and Funding Manager and a Research, Events and Communications Assistant. Check those vacancies WDM is looking for a Head of campaigns and policy ActionAid is looking for a Governance & Tax Justice Advisor based in Bangladesh Eurodad staff Maria Kozlowska is joining Eurodad on Friday 14 June as Research assistant, Events and Communications Assistant.   If you have any feedback on articles, content suggestions  for future issues or other thoughts, please write to: assistant@eurodad.org Eurodad is a non-profit organisation based in Belgium. For a list of Eurodad member groups across Europe, or to join, visit our website  Follow us on Twitter | Like us on Facebook | Forward to a friend  Copyright © 2013 Eurodad, All rights reserved.  Articles are available for re-use in other publications, as long as reference is made to the original source.  Mailing address: Rue d’Edimbourg, 18-26. Brussels 1050. Belgium  Unsubscribe from this list | Update your profile information