Posted by
timothy
on from the no-two-cats-are-alike dept.
bbsguru writes "When Texas A&M researchers announced the first Cloned Kitty about a year ago, everyone expected to see a Multiplicity-style pair of cats by now. Not so! The clone is genetically identical, but in many other ways totally a different cat. This
CNN Story has details."
Has anyone else ever noticed that almost all of the articles on cnn's technology or science and space sections always end up on slashdot and those that don't usually are on cnn after being on/.?
Or am I just imagining this?
Staff of S.E.C. Is Said to Dilute Rule Changes By STEPHEN LABATON with JONATHAN D. GLATER
WASHINGTON, Jan. 21 -- The staff of the Securities and Exchange Commission plans to recommend that the agency soften proposed rules that would impose new obligations on lawyers and accountants, government officials said today.
After an onslaught of lobbying, the commission will complete work this week on regulatory proposals that were required under a law passed by Congress nearly six months ago to address a spate of corporate scandals.
Earlier proposals had been intended to instill investor confidence by imposing the new regulations. The rules would have required corporate lawyers, for instance, to report to regulators if they failed to persuade managers to fix potential securities law violations. The proposals would also have restricted accountants from auditing the same tax shelters they created. And corporations would have been required to spell out in more precise detail how much they paid their accounting firms for auditing and consulting services
But some of the toughest proposals appear to be dead, watered down or postponed, S.E.C. officials said today. Critics attributed the shift to heavy lobbying from prominent law firms, bar associations and some leading accounting firms and trade groups.
"This is very disappointing," said Lynn Turner, a former chief accountant at the commission during the Clinton administration who is now a professor of accounting at Colorado State University. "We've had Enron, Tyco, WorldCom. We've had the most tumultuous year ever in corporate America. And despite all of that, the commission is softening, rather than toughening, the rules in favor of the attorneys and auditors to the great detriment of investors. To me, it's just amazing."
Officials said the provisions had been changed from earlier drafts after meetings with the commissioners, including Harvey L. Pitt, who has remained as chairman of the agency more than two months after announcing his resignation. Last month, President Bush announced his selection of William H. Donaldson to succeed Mr. Pitt, but Mr. Donaldson has yet to be nominated formally for the post.
Mr. Pitt played an active role in drafting the new rules. Before his resignation, he was the subject of intense criticism from members of Congress, who said his actions suggested that he remained too close to his former clients in the accounting business.
Slashdot Mirror
It's faster, and less prone to errors. Another example:
(5 / (2 + 9)) ^ (8 - 5) =
16 keystrokes in alg or
5 Enter 9 Enter 2 + / 8 Enter 5 - ^
12 keystrokes
Has anyone else ever noticed that almost all of the articles on cnn's technology or science and space sections always end up on slashdot and those that don't usually are on cnn after being on /.?
Or am I just imagining this?
Scott
accouNTing we will (continue) to goo.
Staff of S.E.C. Is Said to Dilute Rule Changes
By STEPHEN LABATON with JONATHAN D. GLATER
WASHINGTON, Jan. 21 -- The staff of the Securities and Exchange Commission plans to recommend that the agency soften proposed rules that would impose new obligations on lawyers and accountants, government officials said today.
After an onslaught of lobbying, the commission will complete work this week on regulatory proposals that were required under a law passed by Congress nearly six months ago to address a spate of corporate scandals.
Earlier proposals had been intended to instill investor confidence by imposing the new regulations. The rules would have required corporate lawyers, for instance, to report to regulators if they failed to persuade managers to fix potential securities law violations. The proposals would also have restricted accountants from auditing the same tax shelters they created. And corporations would have been required to spell out in more precise detail how much they paid their accounting firms for auditing and consulting services
But some of the toughest proposals appear to be dead, watered down or postponed, S.E.C. officials said today. Critics attributed the shift to heavy lobbying from prominent law firms, bar associations and some leading accounting firms and trade groups.
"This is very disappointing," said Lynn Turner, a former chief accountant at the commission during the Clinton administration who is now a professor of accounting at Colorado State University. "We've had Enron, Tyco, WorldCom. We've had the most tumultuous year ever in corporate America. And despite all of that, the commission is softening, rather than toughening, the rules in favor of the attorneys and auditors to the great detriment of investors. To me, it's just amazing."
Officials said the provisions had been changed from earlier drafts after meetings with the commissioners, including Harvey L. Pitt, who has remained as chairman of the agency more than two months after announcing his resignation. Last month, President Bush announced his selection of William H. Donaldson to succeed Mr. Pitt, but Mr. Donaldson has yet to be nominated formally for the post.
Mr. Pitt played an active role in drafting the new rules. Before his resignation, he was the subject of intense criticism from members of Congress, who said his actions suggested that he remained too close to his former clients in the accounting business.
look for va.msn.?net?, sticker: (VAST)?
you go george, harvIE, robbIE, lairIE,... kevin? you are the wonz, areN'T you? pay attention J., that doesn't cost much.