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- FSOC will meet 11 days before Schapiro's departure
The Financial Stability Oversight Council is scheduled to meet Monday in a closed session. At a Nov. 13 meeting, the council drafted three proposals for how the Securities and Exchange Commission could overhaul money market mutual funds. The Treasury Department didn't release an agenda for Monday's meeting, which will come 11 days before council member Mary Schapiro steps down as the SEC's chairwoman. Bloomberg Businessweek
(11/28)      
- German and U.K. officials delve into Libor issues
A German banking regulator told lawmakers that banks more than likely manipulated the London Interbank Offered Rate. At a hearing, parliamentarians also questioned Deutsche Bank officials about rate rigging. Meanwhile, U.K. officials are seeking feedback on a plan to restructure Libor. Among changes proposed are legal authority applied to the way the rate is set and criminal penalties for manipulation. Separately, Barclays dismissed five employees and disciplined eight others after an internal investigation of Libor rigging. Bloomberg
(11/28), Reuters
(11/28), Bloomberg Businessweek
(11/28), The Wall Street Journal
(11/28)
- Revolving lines of credit are expected to be down this year
Revolving lines of credit will likely have dropped in 2012 because of fewer issuances and more companies seeking other forms of funding, such as the corporate bond market. Thomson Reuters reports that corporate credit lines issued in the loan market were $787 billion as of Nov. 14, compared with $1.28 trillion for all of 2011. "The conventional wisdom is that everyone was waiting to see what happened with the [presidential] election," says Richard Pollak of Troutman Sanders. Now the "fiscal cliff" is seen as a deterrent, Pollak says. CFO.com
(11/28)
- Survey finds dimming view of U.S. friendliness to entrepreneurs
About 60% of midmarket executives surveyed by Deloitte said they see the U.S. as the most accommodating country for entrepreneurs -- a 32% drop from previous years. Thirty-six percent of the executives cited C-suite leaders' desire to be risk-averse as the reason for the decline, and 17% said it's better to avoid volatility by sticking to proven strategies. Accounting Today
(11/28)
- Unusual perks that may thrill your workers
John Hall suggests some creative perks to win employees over: a specially brewed company beer, a "luggage party" in which winners are whisked off to an all-expenses-paid weekend jaunt, annual retreats in the Caribbean or a "Boss Does Your Chores" perk. "If the staff reaches a certain sales goal or other benchmark, then the management team is responsible for performing the more menial duties of its staff members," Hall writes. Forbes
(11/28)
- Want loyal workers? Don't show them the money
Cash bonuses are a lousy way to keep employees loyal, says psychologist Edward Deci. Monetary rewards often feel like a form of coercion, so companies get better results simply by empowering and respecting their workers. "Unless you're extremely careful with how you use rewards, you get people who are just working for the money," Deci explains. Entrepreneur online/The Daily Dose blog
(11/26)
 | Broadly speaking, there's a lot of uncertainty, and that's tempering appetite for investment and hiring."
--Tom McGee of Deloitte Growth Enterprise Services, as quoted by Accounting Today
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