(RNS) On one level, the recent clash over Catholic University of America’s decision to accept $1 million from billionaire industrialist Charles Koch underscored the stark divide many see between Catholic social teaching and the libertarian-tinged economics championed by Koch and other conservatives.
Read more at Religious New Service
Dec. 2 (Bloomberg) — Jason Trennert, managing partner at Strategas Research Partners, talks about U.S. November employment data and the outlook for the stock and gold markets. He speaks with Tom Keene on Bloomberg Television’s “Surveillance Midday.” (Source: Bloomberg)
Jillian Berman
You may be surprised to learn that, after more than $100 billion in fines and record-breaking penalties and widespread public disgust since the financial crisis it helped create, Wall Street still has America’s trust. At least according to Wall Street.
Read more at the Huffington Post
NEW YORK, NY – WEDNESDAY, NOVEMBER 27, 2013–In anticipation of World Aids Day, Sunday, December 1st, 2013, members of the Interfaith Center on Corporate Responsibility (ICCR) renew their call for companies that make medicines that treat HIV/AIDS to join the Medicines Patent Pool (MPP) as a strategy to increase access to life-saving medicines and accelerate progress towards an AIDS-free generation.
Read more at the Interfaith Center on Corporate Responsibility
Chris Arnade
A new report finds 53% of financial services executives say that adhering to ethical standards inhibits career progression at their firm. A former Wall Street trader describes why
My first year on Wall Street, 1993, I was paid 14 times more than I earned the prior year and three times more than my father’s best year. For that money, I helped my company create financial products that were disguised to look simple, but which required complex math to properly understand. That first year I was roundly applauded by my bosses, who told me I was clever, and to my surprise they gave me $20,000 bonus beyond my salary.
Walter Pavlo
If you write on white-collar crime as I do, there are not enough hours in the day to cover the stories! Asurvey by the law firm Labaton Sucharow LLP has confirmed why this is the case with some chilling facts about the ethical state of our financial institutions. 250 respondents from the financial services industry (traders, portfolio managers, investment bankers, hedge fund professionals, financial analysts and stock brokers) were part of the survey conducted in June 2013. Here are some of the findings from the respondents and my (comments):
BY MATTHEW GAMBINO
Archbishop Charles Chaput in his column last week on CatholicPhilly.com called the Archdiocese of Philadelphia’s new financial report “very serious – and that’s an understatement.”
Read more at CatholicPhilly.com
By Carol Glatz
Catholic News Service
VATICAN CITY (CNS) — Pope Francis called for global financial reform that respects human dignity, helps the poor, promotes the common good and allows states to regulate markets.
Read more at Catholic News Service
By Dan Dunkley
Pornography, guns, drugs, cigarettes and alcohol have typically been industries buyout firms are keen to avoid.
Executives say investors often insist these sectors are on the blacklist. Informal arrangements have enabled investors to steer clear of potentially damaging investments in the past, being activated when firms conduct due diligence on possible acquisition targets.
Fund executives now predict that investors will be pushing for more formal agreements on ethical investment decisions before they are willing to back funds.
Mar. 29, 2013 – 3:57 – Trinity Fiduciary Partners President Sam Saladino on using family values and faith as an investment strategy.