Trust Digest 83 (February 9, 2015)

House to Probe White House Role in FCC’s ‘Net Neutrality’ Proposal
A House oversight committee on Friday said it was launching an investigation into whether the White House improperly influenced the Federal Communications Commission on its new rules for how broadband providers treat traffic on their networks.
Key Words: Net Neutrality, Government, Influence
Trust Issues: Conflict of Interest

What’s Behind the Fed’s Credibility Gap on Interest Rates
The markets don’t appear to believe the Fed. There is a significant difference between the interest-rate path that Federal Reserve officials sketched in December, the last time they made public projections, and the rates implied by trading in futures markets. The markets see a smaller, more gradual increase in interest rates than the now-famous dots that show where Fed officials expect interest rates to go.
Key Words: Federal Reserve, Perception
Trust Issues: Leadership, Objectivity

In J.P. Morgan Emails, a Tale of China and Connections
Gao Jue did poorly on his job interviews at J.P. Morgan Chase & Co., he messed up his work visa, accidentally sent a sexually explicit email to a human-resources employee and was described by a senior banker as “immature, irresponsible and unreliable,” according to internal bank emails and people familiar with the matter. Yet the bank hired him, saved him during major job cuts and later was prepared to offer him another position if he had responded to their queries.
Key Words: Corruption, Accountability, Bribery
Trust Issues: Integrity, Competence

Report Cites ‘Mismanagement’ in Overhaul of City’s 911-System
“Persistent mismanagement” of the city’s overhaul of the 911 system has left the project incomplete, resulted in years of delays and added hundreds of millions of dollars to its cost, according to a report by the city’s Department of Investigation.
Key Words: Government, Mismanagement
Trust Issues: Integrity, Capability, Accountability

In a Poll, Goldman’s Reputation Is ‘Poor’–And That’s an Improvement
Goldman Sachs Group Inc. got some good news in this year’s Harris Poll gauging the reputation of U.S. corporations. The bank’s reputation has improved. But for Goldman, that means that Americans think it has a “poor” reputation–not a “very poor” one–according to the polling firm’s methodology. Goldman ranked “very poor” as recently as 2013.
Key Words: Reputation, Public Perception
Trust Issues: Accountability, Morality

VF Corp. Looks to Cut Chemicals in Textile Manufacturing
Back in 2011, Letitia Webster, now senior director of global sustainability for VF Corp., was asked to start and lead the company’s global sustainability program. This involved creating a framework to align sustainability efforts across the corporation’s 30 brands, including The North Face, Timberland and Vans.
Key Words: Environment, Sustainability
Trust Issues: Sustainability, Environment

New Allegations Renew Old Questions About Saudi Arabia And 9/11
For years, some current and former American officials have been urging President Barack Obama to release secret files they say document links between the government of Saudi Arabia and the Sept. 11 attacks. Other officials, including the executive director of the Sept. 11 commission, have said the classified documents do not prove that the Saudi government knew about or financed the 2001 terrorist attacks, and that making the material public would serve no purpose.
Key Words: Foreign Relations, Government
Trust Issues: Transparency, Ethics, Morality

Brian Williams Faces ‘Fact-Checking’ Inquiry at NBC
Scrambling to contain a crisis engulfing one of its most prominent on-air personalities, NBC will begin an internal investigation into Brian Williams, the embattled evening news anchor who has admitted he misled the public with a harrowing tale of a forced helicopter landing in Iraq.
Key Words: Public Trust, Conflict of Interest
Trust Issues: Transparency, Accountability

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