Finance Latest News: Kate Middleton Delivers the Royal Baby
That skills shortage emerges in many pockets of business. A recent survey by Booz Allen Hamilton found only 18% of managers of federal departments believe their agencies have the capability to analyze Big Data. Wanted Analytics, which tracks the HR and recruiting industries, says demand for candidates with analytical skills is up 10% this year and those jobs are moderately difficult to fill compared to other HR jobs. Finance departments are not immune to the need for Big Data skills.
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Baucus Says Finance Panel to Consider Tax Code This Year
Baucus and Camp have started a national tour together in support of a tax rewrite. The effort faces a series of obstacles, including entrenched interests defending their tax breaks and a partisan divide over how much revenue should be raised from federal taxes. Democrats insist on more revenue to help reduce future budget deficits. Republicans reject that idea and say the deficit should be reduced only through spending cuts.
Debt, shadow finance bedevil China’s economy
At the same time non-traditional forms of lending labelled shadow finance have emerged as a counter to Chinas tightly regulated banking system, and are also in the trillions, and growing fast. They are very serious issues right now, said Oliver Rui, professor of finance and accounting at the China Europe International Business School in Shanghai. Chinas new leaders, keen to bring the threat under control, are concerned that if they delay reform then sooner or later the issue will get out of hand, Rui added. For decades, Chinas growth model has been based on leveraging its cheap and abundant labour force to manufacture products for export, alongside credit-fuelled domestic investment to develop infrastructure.