At first glance, it didn't look like a fair fight. On one side: an enormous and powerful global consulting company. On the other: the retired founder of a smaller turnaround firm who has become a thorn in the side of its larger rival. But the brawl that is underway in the federal bankruptcy court in Houston has the potential to cause big problems for the consultancy McKinsey & Co. The courtroom fight hinges on whether McKinsey or its clients have hidden interests in a bankrupt coal company that the firm has been advising, a practice prohibited by federal laws meant to ensure that one insider can't effectively cut itself or its friends a great deal at the expense of others. The man leveling the accusations, Jay Alix, is a retired turnaround expert who has made it his personal mission to harry McKinsey. Alix has spent four years first needling the firm's leadership, then attacking it in court, accusing it of violating federal laws and unethical behavior. Normally, a firm of … [Read more...] about Small fry takes on Goliath in Texas
Small business regulatory enforcement fairness act
Congressional candidates on business issues
1st, 2nd District hopefuls offer stances in NHBR survey Published: October 25, 2018 While Washington seems far away, decisions made there hit close to home, when it comes to trade, healthcare, energy, the workforce, taxes, labor and much more. NH Business Review asked the major party candidates in both the 1st and 2nd Congressional Districts the same questions with the same wording and required answers to fit the same word limit. The answers we received were very different. 1st Congressional District International Trade Q. What is your position on the Trump administration’s stance on tariffs and trade negotiations and what would you do about it? Edwards: I am a free-trade conservative who is generally opposed to tariffs. However, I support giving the administration the latitude to negotiate the best possible trade deals for our country. For too long, American workers have been left behind. It is time that we focus on ensuring that our trade … [Read more...] about Congressional candidates on business issues
What the Supreme Court’s Wayfair decision means for small businesses
Despite some efforts to undermine the ruling, businesses will need to purchase software to prepare for tax collection By Kristin Mendoza Published: July 12, 2018 The U.S. Supreme Court issued a decision on June 21, South Dakota v. Wayfair, Inc., et al., that will have far reaching impact on the collection of state sales tax on online sales. While attempting to correct what the Court saw as a judicially created market distortion for operators engaging in online sales, the Wayfair decision regrettably creates more uncertainty for startups and small businesses engaged in e-commerce. What was the law before the Wayfair case? The role of the Court is to interpret both the U.S. Constitution and all laws enacted by Congress. Under the Constitution, Congress has the primary power to regulate interstate commerce. However, the Court has long recognized that in some instances, the power to regulate commerce is shared by both individual states and Congress, such as in the case of … [Read more...] about What the Supreme Court’s Wayfair decision means for small businesses
LAW ELEVATED — Regulatory burden reduction legislation poised to become law
Wilmesherr Bank regulatory relief legislation appears poised to be enacted. The U.S. Senate passed S.2155 with substantial bipartisan support and sent the Bill to the House of Representatives for consideration. While S.2155 contains several significant regulatory burden reduction provisions, many in the House of Representatives wanted additional burden reduction measures added. The Senate was clear that any attempts to expand on S.2155 would result in a loss of bipartisan support and defeat of any amended bill. As of this writing, the House appears willing to pass S.2155 in its original form, thus securing at least some legislative relief for banks of all sizes. So, what are the most significant areas of regulatory burden reduction? Ability to repay Banks of all sizes – but smaller banks in particular – have cited the provisions of the Truth in Lending Act and Regulation Z referred to as the “Ability to Repay Rule” as an impediment to the making of residential … [Read more...] about LAW ELEVATED — Regulatory burden reduction legislation poised to become law
Sandoval County 2018 primary election candidates
Primary elections are coming up June 5 and early voting runs through June 2.The Observer has asked candidates running for Sandoval County positions and Legislature seats representing large portions of the county to answer a series of questions. We reproduce answers here. More candidates’ answers will appear next week.All candidates were held to a limit of 600 words. If anyone went over that limit, his or her answers were cut from the bottom to meet the limit exactly.Sandoval County Commission District 1Issue questions:Q1. In your own words, what would you say is the biggest issue facing Sandoval County today?Q2. Where do you stand on the county’s vision for economic development?Q3. A proposed oil and gas ordinance is still on the table. Where do you stand on this issue?Q4. In your own words, how do you think the county could cut down on crime?Q5. Do you agree with the recent GRT increase to aid the detention center?Q6. How can you best serve the constituents in your … [Read more...] about Sandoval County 2018 primary election candidates