New guidance from the Financial Action Task Force (FATF) will help countries tackle the misuse of corporate entities for money laundering, terrorist financing and other illicit purposes.

Spain has created a strong system to combat money laundering and terrorist financing, but improvements are needed in certain key areas, according to a new report by the Financial Action Task Force.

Spain has created a strong system to combat money laundering and terrorist financing, but improvements are needed in certain key areas, according to a new report by the Financial Action Task Force.

Around one in seven students in the 13 OECD countries and economies that took part in the first OECD PISA international assessment of financial literacy are unable to make even simple decisions about everyday spending, and only one in ten can solve complex financial tasks.

Austria has taken important steps to improve its school system, but needs to reform its complex school governance to further improve quality and equity, according to a new OECD report.

Around one in four students in the 15 countries and economies* that took part in the latest OECD Programme for International Student Assessment (PISA) test of financial literacy are unable to make even simple decisions on everyday spending, while only one in ten can understand complex issues, such as income tax.

Ports are the nervous system of global trade. Over 80% of world cargo (by volume) is transported by sea. Our efforts to raise the efficiency, competitiveness and sustainability of ports can help boost trade, growth and jobs. It can also help us to promote green growth and development in the poorest regions, said OECD Secretary-General.

The taming of the Tea Party leaves the GOP short on the ideological message the voters like

1. After flip-flops, IndiGo clarifies pay cut for senior employees will be for entire 2020-21  Moneycontrol
2. Covid-19: IndiGo's senior employees to face pay cut up to 25% for entire FY21  Livemint
3. After Flip-Flops, IndiGo Announces Pay Cut For Senior Employees For Entire 2020-21  NDTV Profit
4. IndiGos pay cuts for senior employees to remain effective through FY21  Business Standard
5. IndiGo To Cut Pay And Send Some Staff On Unpaid Leave  Simple Flying
6. View Full coverage on Google News

The comedian's mammoth $51million bushfire fundraiser could be hampered by legal confusion and squabbling now the total is being distributed by PayPal to its intended recipient.

David Blanchflower, who sat on the Bank of England's MPC from 2006 to 2009, has warned that the country will have to keep printing money - despite fears this could lead to soaring inflation.

After fleeing Venezuela along with millions of others amid the country's grueling humanitarian crisis, Misael Cocho made his way by bus to Peru where he got odd jobs and sent money home monthly to support his mother and his 5-year-old son. But just after Cocho landed his steadiest work so far in Lima, coronavirus cases skyrocketed. He lost his job, sold his TV to buy food and hasn't been able to wire money for months to Caracas to pay for food for the boy and Cocho's mother. The pandemic's economic fallout left many Venezuelans abroad and the relatives back home who rely on them in dire straits. And as work disappears in countries like Peru and Colombia, humanitarian groups say many Venezuelans who fled hunger are now going hungry. Cocho, 24, faces a dilemma: Should he stay in Peru in case the economy improves, or go back to Caracas where life is precarious but might not get worse? The truth is that this pandemic has really hit me hard, he said. Venezuela's population peaked at 30 ...

A moratorium on loan recoveries is supposed to bring distressed farmers a bit of relief. But in the Parakal region of Warangal district, the Andhra Pradesh government's directive has taken farmers from the fire to the frying pan, says one farmer. Kondal Rao has more.

If you really think about it, it all boils down to money. Twenty- seven-year-old Sheena Jog, a product designer based in New Delhi, says at least two of the last three fights she had with her husband were over their "hard-earned" money.

As India continues its fight against the Novel Coronavirus pandemic, actress Sonakshi Sinha has extended her support to celebrity shout-out platform Tring to raise money for Personal Protective Equipment (PPE) kits for the frontline healthcare workers in India. The Dabangg actress

Archives, Room Use Only - HE7673.W47 1913

From reviving a struggling financial sector, to a spike in cases in Odisha, to making India a Covid-19 testing superpower

ITC scam a pre-meditated loot of public money: HC

Viewpoint: UK government should pump money into computers for science  Science Business

Global money transfer service Azimo has announced waiving fees for transfers to Nigeria as the...

A new congressionally mandated report from the National Academies of Sciences, Engineering, and Medicine proposes updated revisions to the Special Supplemental Nutrition Program for Women, Infants, and Children (WIC) to better align with the Dietary Guidelines for Americans and promote and support breast-feeding.

Exide begins to remove lead-polluted soil on Monday morning at a house on the 1200 block of La Puerta Street in Boyle Heights.; Credit: Maya Sugarman/KPCC

All five members of the Los Angeles County Board of Supervisors have signed a letter imploring California Gov. Jerry Brown to intervene in the state’s handling of contamination around the Exide Technologies plant in Vernon.

The letter criticizing the state’s “piecemeal approach to an urgent environmental hazard” comes as workers paid for by Exide are removing lead-contaminated topsoil from two homes near the intersection of Olympic and Indiana avenues in L.A. 

Signed Tuesday, the letter asks for “guaranteed state funding to immediately begin testing” at 37 more homes also sampled, but to less specific degrees, during November 2013. In the words of the board, “further testing and remediation of the other 37 homes has not been confirmed and may not begin until at least October 2014 because Exide has not yet agreed to comply with DTSC directives issued last March.”

The supervisors also say the state has “reneged” on its commitments to test for lead inside the homes as well as outside.

The Department of Toxic Substances Control says that the two homes workers are at this week will be cleaned inside and out — even without indoor testing.  The DTSC’s Rizgar Ghazi said Monday that crews will use HEPA filters, vacuums and shampooing equipment on “basically any flat surface” inside the two residences.

Read the L.A. Board of Supervisors’ letter to Gov. Brown here:

http://www.scribd.com/doc/236655733/LA-County-Supervisors-Letter-to-Gov-Brown-8-12-14

This content is from Southern California Public Radio. View the original story at SCPR.org.

"For Sale By Owner" and "Closed Due to Virus" signs are displayed in the window of Images On Mack in Grosse Pointe Woods, Mich. Congress is considering ways to help those struggling during the economic downturn and stabilize businesses hoping to reopen.; Credit: Paul Sancya/AP

Updated at 3:20 p.m. ET

Democrats and some Republicans are considering ways for the federal government to get money into people's pockets while the coronavirus is keeping much of the economy on ice.

Proposals for the next round of aid are being floated, and Democrats in the House are prepping another relief package as jobless claims continue to rise in the country. The Labor Department announced Friday that 20.5 million jobs were lost in April, pushing the overall unemployment rate to 14.7 %.

House Speaker Nancy Pelosi, D-Calif., hopes to release another bill, which is being crafted without the input of Republicans or the White House as early as next week.

"This is a reflection of the needs of the American people," Pelosi said Thursday. "We have to start someplace and, rather than starting in a way that does not meet the needs of the American people, want to set a standard."

The latest proposal from Sens. Kamala Harris, D-Calif., Bernie Sanders, I-Vt., and Ed Markey D-Mass., is a plan for the federal government to provide $2,000 a month for every individual earning less than $120,000, including children and other dependents. The draft legislation would extend the payments until three months after the public health emergency is lifted.

The proposal is a vast expansion on the recovery rebate program that sent a one-time payment of $1200 to every person earning less than $75,000 and an additional $500 for every child.

The trio of Democratic senators wants to make the payments, which would be available to every U.S. resident, retroactive to March. They didn't provide a cost estimate for the ambitious proposal, and it's unclear whether Senate leaders have an appetite for payments like these.

Official scorekeepers at the Congressional Budget Office estimate that the existing one-time $1200 payment program in the CARES Act package enacted in March could cost around $300 billion. Republican leaders have signaled concerns with the growing cost of the relief bills that have already passed.

Senate Majority Leader Mitch McConnell, R-Ky., has called for a pause on any new aid.

"Let's see what we are doing that is succeeding, what is not succeeding, what needs less, what needs more," McConnell told reporters in April. "Let's weigh this very carefully because the future of our country in terms of the amount of debt that we are adding up is a matter of genuine concern."

Not all Republicans agree. Sen. Josh Hawley, R-Mo., has introduced a comprehensive response plan that includes a proposal to cover 80 percent of payroll for companies that rehire workers and a bonus for the companies that take advantage of the program.

"The federal government should cover 80 percent of wages for workers at any U.S. business, up to the national median wage, until this emergency is over," Hawley wrote in an editorial in The Washington Post. "The goal must be to get unemployment down — now — to secure American workers and their families, and to help businesses get ready to restart as soon as possible."

Hawley's proposal would cap payments at the national median income level. The median income can be calculated in several different ways. Hawley told St. Louis Public radio the payments could be as high as $50,000. Other calculation set the figure at roughly $33,000, a figure many Democrats say is not sufficient in higher-cost areas like cities.

House Progressive Caucus co-chair Rep. Pramila Jayapal, D-Wash., has a separate version that would guarantee a worker's full salary up to $100,000 for three months. Jayapal's plan would automatically renew the payments on a monthly basis until consumer demand returns to pre-crisis levels.

The proposal has nearly two dozen co-sponsors but has not received an endorsement from party leadership.

Pelosi has not ruled out the possibility of including some minimum income payments in an upcoming coronavirus aid bill.

"We may have to think in terms of some different ways to put money in people's pockets," Pelosi said in an interview with MSNBC. "Let's see what works, what is operational and what needs other attention."

This content is from Southern California Public Radio. View the original story at SCPR.org.

An apartment in Pomona that leases through the Housing for Health Program. (Matt Tinoco/LAist)

Our California Dream collaboration is looking for solutions to some of California's most pressing problems, in this case, homelessness. An initiative in Los Angeles seeks to save taxpayer money by housing some of the most vulnerable residents — those who cycle from the street to the emergency room and back again.

The California Dream series is a statewide media collaboration of CALmatters, KPBS, KPCC, KQED and Capital Public Radio with support from the Corporation for Public Broadcasting and the James Irvine Foundation.

READ THE STORY AT LAist.com.

This content is from Southern California Public Radio. View the original story at SCPR.org.

"For Sale By Owner" and "Closed Due to Virus" signs are displayed in the window of Images On Mack in Grosse Pointe Woods, Mich. Congress is considering ways to help those struggling during the economic downturn and stabilize businesses hoping to reopen.; Credit: Paul Sancya/AP

Updated at 3:20 p.m. ET

Democrats and some Republicans are considering ways for the federal government to get money into people's pockets while the coronavirus is keeping much of the economy on ice.

Proposals for the next round of aid are being floated, and Democrats in the House are prepping another relief package as jobless claims continue to rise in the country. The Labor Department announced Friday that 20.5 million jobs were lost in April, pushing the overall unemployment rate to 14.7 %.

House Speaker Nancy Pelosi, D-Calif., hopes to release another bill, which is being crafted without the input of Republicans or the White House as early as next week.

"This is a reflection of the needs of the American people," Pelosi said Thursday. "We have to start someplace and, rather than starting in a way that does not meet the needs of the American people, want to set a standard."

The latest proposal from Sens. Kamala Harris, D-Calif., Bernie Sanders, I-Vt., and Ed Markey D-Mass., is a plan for the federal government to provide $2,000 a month for every individual earning less than $120,000, including children and other dependents. The draft legislation would extend the payments until three months after the public health emergency is lifted.

The proposal is a vast expansion on the recovery rebate program that sent a one-time payment of $1200 to every person earning less than $75,000 and an additional $500 for every child.

The trio of Democratic senators wants to make the payments, which would be available to every U.S. resident, retroactive to March. They didn't provide a cost estimate for the ambitious proposal, and it's unclear whether Senate leaders have an appetite for payments like these.

Official scorekeepers at the Congressional Budget Office estimate that the existing one-time $1200 payment program in the CARES Act package enacted in March could cost around $300 billion. Republican leaders have signaled concerns with the growing cost of the relief bills that have already passed.

Senate Majority Leader Mitch McConnell, R-Ky., has called for a pause on any new aid.

"Let's see what we are doing that is succeeding, what is not succeeding, what needs less, what needs more," McConnell told reporters in April. "Let's weigh this very carefully because the future of our country in terms of the amount of debt that we are adding up is a matter of genuine concern."

Not all Republicans agree. Sen. Josh Hawley, R-Mo., has introduced a comprehensive response plan that includes a proposal to cover 80 percent of payroll for companies that rehire workers and a bonus for the companies that take advantage of the program.

"The federal government should cover 80 percent of wages for workers at any U.S. business, up to the national median wage, until this emergency is over," Hawley wrote in an editorial in The Washington Post. "The goal must be to get unemployment down — now — to secure American workers and their families, and to help businesses get ready to restart as soon as possible."

Hawley's proposal would cap payments at the national median income level. The median income can be calculated in several different ways. Hawley told St. Louis Public radio the payments could be as high as $50,000. Other calculation set the figure at roughly $33,000, a figure many Democrats say is not sufficient in higher-cost areas like cities.

House Progressive Caucus co-chair Rep. Pramila Jayapal, D-Wash., has a separate version that would guarantee a worker's full salary up to $100,000 for three months. Jayapal's plan would automatically renew the payments on a monthly basis until consumer demand returns to pre-crisis levels.

The proposal has nearly two dozen co-sponsors but has not received an endorsement from party leadership.

Pelosi has not ruled out the possibility of including some minimum income payments in an upcoming coronavirus aid bill.

"We may have to think in terms of some different ways to put money in people's pockets," Pelosi said in an interview with MSNBC. "Let's see what works, what is operational and what needs other attention."

This content is from Southern California Public Radio. View the original story at SCPR.org.

For the first time, Uber will guarantee drivers an hourly wage of $20 an hour in Los Angeles, or $26 during peak times.; Credit: David Ramos/Getty Images

To keep demand high during the slower winter months, the ridesharing service, Uber, has cut fares by 20 percent in 48 markets – including Los Angeles and Orange County.

The company says a trip from West Hollywood to downtown will now be around nine dollars, instead of $11.

When Uber lowered prices in the past to muscle out competitors like Lyft and taxi services, passengers loved it but drivers have complained it puts an unfair squeeze on them, complaining their already low take went even lower.

Uber stresses the fact cutting fares actually helps drivers because they get more business. In a blog post, the company points to data from Chicago where fares dropped 23 percent last month compared to December 2013 while drivers' income increased by 12 percent.

But drivers have been skeptical whether volume can make up for the price drop. The company's claim that New York city drivers earn a median of $90,766 a year has been refuted. Slate talked to New York UberX driver Jesus Garay in October:

“They say it doesn’t hurt the pocket of the drivers,” Garay says of the 20 percent fare cuts. “It does. Because it’s impossible with those numbers to be in business.”

The way drivers see it, ride volume can only increase so much in response to lower prices. Garay says that on average, a ride takes him 20 minutes from start to finish: five minutes to reach the pickup location, five to wait for the customer, and 10 to drive to the destination. For a trip of that length, Garay says he’ll make $10 or $11. “So if you’re busy, you’re going to make three rides in an hour,” he explains. 

Newly flush with a $40 billion valuation, Uber is now willing to put its money where its mouth is; For the first time, Uber will guarantee its partners – as it calls them -  an hourly wage of $20 an hour in Los Angeles, or $26 during peak times. (The guarantee comes with a few conditions: Drivers have to accept 90% of trips, average at least one trip per hour, and be online for 50 minutes of every hour worked)

This content is from Southern California Public Radio. View the original story at SCPR.org.

The criminal minds too have evolved during this pandemic. While there has been a significant drop in number of heinous crimes in city, cybercrime cases have spiked since lockdown.

Big infrastructure and cost requirements have long kept data analytics a fiefdom of large enterprises; however, the advent of cloud tech has made it possible for SMEs to use data analytics with a fraction of a cost.

Many would agree that the efficiency of agri-environment schemes (AES) could be improved, but how? A new study considers how AES could deliver ecosystem services better, using peatlands in the UK as a case study. The researchers suggest a number of approaches to improving the link between the payments given to farmers and the environmental benefits they deliver; these include methods of targeting payments to particular areas.

Following on from a hugely successful first year of touring, live music experience Rock For Heroes is returning next month.

Swedish start-up Flattr makes is an online tip jar of sorts.

New Zealand's budget will make well-being and equality priorities over the economy.

The cartoonist responsible for beloved webcomic xkcd is also an ace infographic designer. His "Money Chart" is the definitive portrait of a cash-strapped, cash-

Officials will offer money to owners of environmentally sensitive farmland if they idle it in a conservation program instead of growing crops.

The U.N. ambassador is considered a top candidate for secretary of State, but her stock in the firm behind the Keystone XL oil pipeline has raised eyebrows.

Working with the nonprofit Solar Aid, students earn enough to bring electric light to a school in Kenya

Rutherford Seydel's Oxygen Project creates a sustainable Earth while creating financial sustainability for all. All it will take is a massive group action.

Environmentally and socially responsible investment companies help make ecosystems and the economy more sustainable.

How the Slow Money Alliance uses green investing to turn a profit and grow a community.

Like the eat local movement, this trend is another way to keep your dollars close to home.

Being eco-conscious doesn’t have to stress you out or stretch your budget. Learn how to be kind to the earth while also enjoying life.

When disasters strike, we want to help the victims, even from thousands of miles away. Consider these giving strategies to make sure your donation counts.

Despite an uptick in public spending, 30% of city residents live more than a 10-minute walk from the nearest park, according to the 2018 City Park Facts report.

Teach your kids about saving, spending, budgeting, and investing with one of these 5 fun apps for your iPhone.

Is hi-def digital travel the new eco/recession-friendly way to go?

A lunchbox and a thermos may be the best tools for saving money during the work week.

Starbucks raised its drink prices, but here's how to recoup the loss and maybe save a little extra.

About 70 million American baby boomers are going shopping, and many of them have deep pockets.

Get tips to go green & save money around the house.