An Investment Wipeout That Didn’t Have to Happen<a href="http://www.nytimes.com/2012/02/05/business/an-investment-wipeout-that-didnt-have-to-happen.html?partner=rssnyt&emc=rss"><img src="http://graphics8.nytimes.com/images/2010/04/19/business/morgenson/morgenson-thumbStandard.jpg" border="0" height="75" width="75" hspace="4" align="left"></a>An investor won an arbitration case over money lost in a complex security. But he’s still angry at financial institutions.DEALBOOK; Former Catcher for Red Sox Wins Case Against Merrill Lynch AdviserArbitration panel awards former Boston Red Sox catcher Doug Mirabelli and his wife more than $1.2 million in damages and fees in his dispute with Phil Scott, one of Bank of America Merrill Lynch's financial advisors. Photo (M)/Venezuela to Quit World Bank Arbitration BodyVenezuela’s decision to leave the World Bank’s arbitration body would affect more than a dozen foreign companies that have unsettled disputes with the government.In Citigroup Case, a Risk Rating Investors Didn’t See — Fair Game<a href="http://www.nytimes.com/2012/01/15/business/in-citigroup-case-a-risk-rating-investors-didnt-see-fair-game.html?partner=rssnyt&emc=rss"><img src="http://graphics8.nytimes.com/images/2010/04/19/business/morgenson/morgenson-thumbStandard.jpg" border="0" height="75" width="75" hspace="4" align="left"></a>Citigroup didn’t succeed in a challenge of an arbitration panel’s decision in favor of two investors. But in the process, the bank laid bare some of its inner workings.Rights in the WorkplaceIn a sound ruling, the National Labor Relations Board concluded that employees’ federal right to engage in concerted action trumps any arbitration agreement that bars group claims.Venezuela Vows to Reject Arbitration Ruling in Exxon CaseExxon sought as much as $12 billion in compensation after President Hugo Ch?vez ordered the nationalization of the Cerro Negro oil project in 2007.
of the decisions of the Security Council.
A well-structured 'Certificate of Origin' regime can be an effective way of ensuring that only legitimate diamonds -- that is, those from government-controlled areas -- reach market. Additional controls by Member States and the diamond industry are needed to ensure that such a regime is effective. These measures might include the standardization of the certificate among diamond exporting countries, transparency, auditing and monitoring of the regime and new legislation against those who fail to comply.
The new step is simple. It only requires jewelers and jewelry store owners to sign up for membership at the Stop Blood Diamonds website. Membership is free but as mentioned earlier requires members to adopt the site’s policies against conflict diamond trade as part of their store policy. After jewelers and store owners have signed up, they then have the privilege of putting up a Stop Blood Diamonds Conflict Free logo on their websites. The easily identifiable logo will be an effective means for consumers to determine that website’s policies regarding conflict diamonds without having to search through it just to look for a written policy. This will also ease the minds of potential buyers who are becoming increasingly aware and educated about this extremely immoral trade practice.
For those interested in knowing more about acquiring the logo for their site you can visit StopBloodDiamonds and read more about the policies your store need to adopt to be able to join. Costumers can also visit the website to know more about conflict diamonds and what the diamond industry is doing regarding the issue.
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John Caldwell, has built the most comprehensive online resource about the trade of blood diamonds. To gain further information about this terrible business and how you can help, please visit: www.StopBloodDiamonds.org
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