March 18, 2021

Day: March 18, 2021

Whistle-Blowers Sparked Probe at Trade-Finance Fund Barak

Auditors are probing whistle-blower complaints about Barak Fund Management as the firm seeks approval to restructure a $1 billion trade finance fund that’s left investors stuck with hard-to-sell assets.

Some employees lodged complaints with the Mauritius-based investment firm last year, according to people familiar with the matters. Two raised concerns about the quality of collateral linked to some loans that it made, while another warned about the overvaluation of some assets, said the people, who asked not to be named because the details are private.

The firm acknowledged that three complaints were received, with two relating to “allegations of impropriety,”

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You have a ‘better chance of making money in Dallas and Texas’

Dec 3, 2019; New Orleans, LA, USA; Dallas Mavericks owner Mark Cuban prior to tip off against the New Orleans Pelicans at the Smoothie King Center. Mandatory Credit: Derick E. Hingle-USA TODAY Sports

Cities like Miami, Denver, and Dallas have become attractive destinations for entrepreneurs and companies during the coronavirus pandemic. Texas, in particular, has become home to high-profile figures like Tesla (TSLA) CEO Elon Musk and podcast host Joe Rogan — Oracle (ORCL) recently moved its headquarters from Silicon Valley to Austin.

But Billionaire Dallas Mavericks owner Mark Cuban is perhaps the most high-profile advocate for the Lone Star

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Five Steps For Finding The Right Mentor For Your Business

If you are a small business owner, a mentor should be an essential part of your support team. Mentors are especially critical during the first few years of a business, as those are often the most challenging. Mentored businesses are also more likely to survive the crucial start-up phases and be successful. 

There is some confusion on what mentoring is, as not every leader is a mentor, and not every mentor has to be in a leadership position, but can have essential experience in their field.

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AMD Ryzen Pro 5000 mobile chips put eight cores in business laptops

AMD has announced its new Ryzen Pro 5000 series mobile processors, its competitor to Intel’s vPro platform. The company claims the chips, based on the same Zen 3 architecture as most of its consumer-focused Ryzen 5000 series, will provide “uncompromised performance and battery life” for thin-and-light business laptops. They’ll appear in a slate of business notebooks including Elitebooks, ProBooks, ThinkPads, and ThinkBooks throughout this year.

On paper, the chips look pretty similar to their Ryzen 5000 counterparts. The headliner is the Ryzen 7 Pro 5850U, with eight cores, 16 threads, 20MB cache, and base frequency of 1.9 GHz with boost

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World Insurance Associates Announces Leadership Expansion and New Rankings

TINTON FALLS, N.J.–(BUSINESS WIRE)–World Insurance Associates LLC (World), a Top 100 insurance brokerage, announced today the expansion of its leadership team to include a Chief Financial Officer, Chief Marketing Officer, Chief Placement Officer, Deputy General Counsel, Head of Employee Benefits, and a Senior Vice President and Vice President of Mergers & Acquisitions. World’s growth strategy includes building a world-class team to deliver on its value proposition of bringing a quality product portfolio combined with an outstanding experience to its partners and clients.

World appointed Brian Fitzgerald, CPA, as Chief Financial Officer. He will oversee all financial and accounting

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Sanders, Warren legislation would hike taxes to curb ‘absurd’ CEO pay

The New York Times

How COVID Survivors Are Finding Their Way Into Politics

Pamela Addison is, in her own words, “one of the shyest people in this world.” Certainly not the sort of person who would submit an op-ed to a newspaper, or start a support group for strangers, or ask a U.S. senator to vote for $1.9 trillion legislation. No one is more surprised than her that, in the past five months, she has done all of those things. Her husband, Martin Addison, a 44-year-old health care worker in New Jersey, died from the coronavirus April 29 after a

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