Trust Digest 141 (May 31, 2016)

Trust Digest 141 (May 31, 2016)

SEC Reviewed Valeant’s Use of ‘Non-GAAP’ Financial Measures

Valeant defended practice, but has told SEC it would make changes in its disclosures.
Key Words: SEC, Valeant, GAAP
Trust Issues: Adjustment, Risk Tolerance

The Secretive World of Selling Data about You

Consumer scores are similar to FICO credit scores, but unlike them aren’t regulated as to what factors can be used and how transparent the score and its contributing factors are to the scored individual.
Key Words: data brokers, consumer scores, World Privacy Forum
Trust Issues: Integrity, Benevolent Concern

U.S. Consumer Sentiment Index at Highest Level in 11 months

Americans are more confident than at any time in almost a year, as cheap gasoline, low interest rates and a rebound in stocks boost the economy’s prospects.
Key Words: rising consumer sentiment, U.S., G.D.P

Trust Issues: Situational Security, Capability, Adjustment

AP-NORC Poll: Voters feel disconnected, helpless in 2016

Republicans and Democrats feel a massive disconnect with their political parties and helpless about the presidential election.
Key Words:  voters, Republicans, Democrats
Trust Issues: Predictability and Integrity, Interests

Striking Verizon workers to return Wednesday; deal inked

Nearly 40,000 striking Verizon employees will return to work Wednesday after reaching a tentative contract agreement that includes 1,300 new call center jobs and nearly 11 percent in raises over four years but also makes health care plan changes to save the company money, the company and unions said Monday.
Key Words: Verizon, workers strike
Trust Issues: Interests, Communication, Benevolent Concern

Nuns With Guns: The Strange Day-to-Day Struggles Between Bankers and Regulators

Lenders are awash in new regulations, and growing armies of rule enforcers are forcing striking changes on banks’ internal cultures.
Key Words: banks, regulations, Dodd-Frank

Trust Issues: Interests, Power, Adjustment

Data watchdog rejects EU-US Privacy Shield pact

The European Data Protection Supervisor (EDPS) has said a data transfer pact between the EU and US needs "significant improvements".
Key Words: E.U., U.S., Safe Harbour
Trust Issues: Risk Tolerance, Situational Security

Russian President Vladimir Putin warns he’ll retaliate against NATO missiles

Russian President Vladimir Putin said Russia will retaliate against the placement of U.S. missiles in nearby countries such as Romania, according to Russia’s state-run news agency TASS.
Key Words: Putin, U.S., missiles
Trust Issues: Risk Tolerance, Power, Situational Security

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