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Archive for June 16th, 2014

THE 1975 and TIRED PONY Rock the World’s Only Whiskey and Music Festival in an Irish Distillery

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BUSHMILLS VILLAGE, Northern Ireland /PRNewswire/ —

Global stars including THE 1975 and Gary Lightbody and Peter Buck’s supergroup TIRED PONY came together along with friends of BUSHMILLS to complete an unforgettable day at ‘Bushmills Live 2014’ – the festival of handcrafted whiskey and music that took place yesterday at the Old Bushmills Distillery on Ireland’s north coast.

They were joined by rising stars JAMES VINCENT MCMORROW, LUKE SITAL-SINGH, DAVID C. CLEMENTS, MATTHEW AND THE ATLAS, LEVITY BREAKS and RUBBLEBUCKET on what was a fantastic day of music.

The intimate festival on Ireland’s north coast was attended by 700 music and whiskey fans from around the world, including countries as far-flung as the US, Bulgaria, Portugal and Russia.

Artists more used to playing to crowds of thousands performed a series of small gigs in centuries-old buildings at the Old Bushmills Distillery where the art of whiskey-making, perfected over generations, is practiced every day.

Gary Lightbody from TIRED PONY said: “Last night was TIRED PONY’s first gig in Ireland and it was unlike any other gig we’ve played before. The atmosphere was great.”

Master Distiller at the Old Bushmills Distillery, Colum Egan, said: “Bushmills Live 2014 was a great success.

“I was looking around and everywhere people were smiling and having a great time, enjoying the wonderful music – and the exceptional whiskey, in moderation of course.

“THE 1975 and TIRED PONY were sensational and it was fantastic to continue to provide a platform to up-and-coming talent. The atmosphere backstage was like an old school reunion with so many friends of the festival in attendance – the craic was brilliant!”

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June 16, 2014 at 6:19 pm

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1.5 Million Lives Protected – MKU’s Mission of ‘Saving Lives’ Continues…

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KANPUR, India  /PRNewswire/ — MKU Pvt Limited, a manufacturer of ballistic protection solutions for personnel and land-air-sea platforms from India reiterates its commitment to its mission of ‘Saving Lives’ by adopting the philosophy and mission of ‘SAVING LIVES EARNING SMILES’.


MKU was set up in 1985, with a vision to become a leading defense solutions company in the protection and surveillance space and since then has provided protection to more than 1.5 million soldiers. It has, in its repertoire, 1000+ solutions covering more than 100 threats. Its products are used and trusted by over 230 forces worldwide. MKU is a registered supplier to NATO and is an AS 9100 (Rev C) certified company.

On the occasion, Mr Manoj Gupta, Founder & Chairman, said ‘We, as citizens of the world are free to do whatever we want because of the courage of our brave soldiers and security personnel who face constant threats and adversities for us. MKU is proud of the smiles and blessings it earns from the families of these brave heroes for providing protection to them through its products and services.’

Mr. Manoj Gupta emphasized that ‘MKU’s vision of growth is supported by a keen sense of responsibility. Our operational, social and ethical conduct has far-reaching consequences and therefore, it is our constant endeavour to execute our responsibilities, responsibly.’

Eurosatory 2014

MKU would be exhibiting once again at the Eurosatory 2014 to be held in Paris, France from 16 –20 June 2014. Mr. Neeraj Gupta, Managing Director & CEO, informed that a short film will be released at Eurosatory 2014 on MKU’s new theme and mission. A completely new and interactive website aimed at facilitating the Armed Forces and security personnel in choosing the right armour solutions, will be launched at the show. MKU is constantly in pursuit of excellence in armor protection. We take this opportunity to assure the families of Armed Forces and Security Personnel that we, at MKU, will constantly strive to provide the lightest, safest and most comfortable protection to their dear ones.

MKU: Rajesh
Tel: +91-5123026700  Mob: +91-7897100383
Inter-Corp: Anupama

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June 16, 2014 at 6:07 pm

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Elite female athletes to be paired with top female business leaders in new global mentoring program

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LONDON, June 12, 2014 /PRNewswire/ — A new global mentoring program is being launched today by EY’s Women Athletes Business Network, in partnership with the International Women’s Forum (IWF), to harness the untapped leadership potential of female athletes after their retirement from sport. Applications for the mentoring program open today on the Women Athletes Business Network website and close on 1 August.

Elite women athletes, who have transitioned or are in the process of transitioning from a career in sport, will be matched with prominent female business leaders from the IWF membership. For the duration of the program, mentees will also be connected with an EY liaison that will provide access and introductions to EY’s internal and external global business networks. In this inaugural year, 25 “elite athletes” – defined as having currently or previously competed professionally or semi-professionally or at the national or international level – will be selected.

Beth Brooke-Marciniak, EY’s Global Vice Chair, Public Policy, says: “Female athletes have leadership skills that can’t be taught in the classroom. Our research shows that 96% of top female executives played sport, with more than half competing at the university level. The world needs more women leaders and we believe that elite female athletes are a unique talent pipeline. This new mentoring program is focused on building a bridge between women in the business world and women in sport to help open doors and create new career and leadership opportunities for these extraordinary individuals.”

The partnership gives the Women Athletes Business Network access to IWF’s membership of 6,000 senior women executives in 33 nations on six continents. Their mentor members – women who have reached the pinnacle of leadership in their respective field – will share their insights, lessons and leadership expertise with athlete mentees.

Deedee Corradini, Immediate Past President and Global Ambassador, International Women’s Forum, says:  “For more than 20 years, IWF has lifted the prospects and expanded the reach for emerging women leaders around the world. We are especially excited to join with EY on this new mentoring program to support elite women athletes as they move forward in their leadership journeys. IWF knows the value these women of talent and potential can bring to the world.”

Olympic champion and former president of the Women’s Sports Foundation, Donna de Varona, serves as the lead advisor to EY’s Women Athletes Business Network and its new mentoring program. “Connecting accomplished women athletes with the world’s most pre-eminent women outside the sporting community can only enhance the talent pool of those who are eager to lead, inspire and make a positive impact in our changing world,” says de Varona.

Online community for female athletes also launched

EY has also recently launched a new online community for female athletes to facilitate connections among current and retired athletes around the world. The online community provides individualized career assessments, resume building tools, networking tips, stories of post-sport career success and a host of other resources.

View recent webcast of female sport champions sharing lessons of success

To view a recording of a recent webcast featuring some of the greatest female champions of sport and business – tennis legend Martina Navratilova, Olympic gold medalist and TV host Summer Sanders, Brazilian Olympic swimmer turned CEO Fabiola Molina, British Olympic champion and DKH Legacy Trust Founder Dame Kelly Holmes, and Newton Investment Management CEO Helena Morrissey – sharing their lessons of success and failure on the field and in the workplace, click here.

About EY
EY is a global leader in assurance, tax, transaction and advisory services. The insights and quality services we deliver help build trust and confidence in the capital markets and in economies the world over. We develop outstanding leaders who team to deliver on our promises to all of our stakeholders. In so doing, we play a critical role in building a better working world for our people, for our clients and for our communities.

EY refers to the global organization, and may refer to one or more, of the member firms of Ernst & Young Global Limited, each of which is a separate legal entity. Ernst & Young Global Limited, a UK company limited by guarantee, does not provide services to clients. For more information about our organization, please visit

This news release has been issued by EYGM Limited, a member of the global EY organization that also does not provide any services to clients.

About The International Women’s Forum
For more than 30 years, the International Women’s Forum (IWF) has been dedicated to advancing leadership across careers, cultures and continents by connecting the world’s most preeminent women of significant and diverse achievement. The IWF brings together an unprecedented global membership to exchange ideas, to learn and inspire, and to promote better leadership for a changing world. Founded in the US, the IWF has grown across six continents into 33 nations. There are more than 6,000 women leaders now participating in Africa, Asia, Australia, the Caribbean, Europe, Latin America, the Middle East, and North America as members of IWF.

Gregor Ridley
EY Global Media Relations

Source: EY

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June 16, 2014 at 5:09 pm

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Expanding Opportunities for Smart Textiles

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  • Frost & Sullivan hosts webinar exploring materials that are able to adapt and respond to changing environmental conditions

MOUNTAIN VIEW, Calif., June 12, 2014 /PRNewswire/ —

WHEN: Thursday, June 19, 2014 at 1:00 p.m. EDT
LOCATION: Online, complimentary registration available at
SPEAKER: Peter Adrian, Frost & Sullivan Technical Insights Principal Analyst

Smart textiles, collectively, are a vital emerging technology impacting key applications, such as:

  • Healthcare (e.g. home health monitoring, vital signs monitoring, wearable health monitors)
  • Sports and Fitness (e.g. tracking activity, pressure distribution, how foot lands on the ground, etc.)
  • Fashion (e.g. garments tracking body position and muscle movement)
  • Military (e.g. personal protective clothing, e-textiles, wearable power)
  • Homeland Security (e.g. protective gear)

This presentation will highlight emerging trends, opportunities and developments for smart textiles; as such it will benefit manufacturers, developers and users of this technology.

“Smart textiles, a building block of wearable electronics, are enabled by miniaturization of electronics and conductive materials. Exciting developments are underway in smart textiles, including wearable textiles with embedded sensors for monitoring vital signs or other physiological parameters, energy harvesting, personal protective garments, to name a few,” said Frost & Sullivan Technical Insights Principal Analyst Peter Adrian. “For example, a key impediment to integrating electronic functionality into fabrics has been the power supply required. The ability to efficiently use energy harvesting technology with smart textiles and to create energy harvesting fabrics that are able to convert ambient energy into electricity will enable creation of more compelling e-textiles and energy harvesting textiles and garments. Furthermore, smart textiles are enabling the fabrication of clothing for the protection of soldiers or first responders from chemical warfare agents, or also the ability to provide real-time physiological status and tracking information.”

Supporting Resources

For more information about Frost & Sullivan’s Technical Insights research practice, please visit:


  • To attend the briefing, you can register by visiting:
  • For further information email your full name, job title, company name, company telephone number, company email address and website, city, state and country.
  • Receive a recorded version of the briefing anytime by submitting the aforementioned contact details.

About Frost & Sullivan

Frost & Sullivan, the Growth Partnership Company, works in collaboration with clients to leverage visionary innovation that addresses the global challenges and related growth opportunities that will make or break today’s market participants.

Our “Growth Partnership” supports clients by addressing these opportunities and incorporating two key elements driving visionary innovation: The Integrated Value Proposition and The Partnership Infrastructure.

  • The Integrated Value Proposition provides support to our clients throughout all phases of their journey to visionary innovation including: research, analysis, strategy, vision, innovation and implementation.
  • The Partnership Infrastructure is entirely unique as it constructs the foundation upon which visionary innovation becomes possible. This includes our 360 degree research, comprehensive industry coverage, career best practices as well as our global footprint of more than 40 offices.

For more than 50 years, we have been developing growth strategies for the global 1000, emerging businesses, the public sector and the investment community. Is your organization prepared for the next profound wave of industry convergence, disruptive technologies, increasing competitive intensity, Mega Trends, breakthrough best practices, changing customer dynamics and emerging economies?

Contact Us: Start the discussion

Join Us: Join our community

Subscribe: Newsletter on “the next big thing”

Register: Gain access to visionary innovation

Jeannette Garcia
Frost & Sullivan

Source: Frost & Sullivan

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June 16, 2014 at 4:18 pm

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BlueCat Receives HP AllianceOne Partner of the Year Award for HP Networking – Most Innovative Use of SDN

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TORONTO, June 12, 2014 /PRNewswire/ — BlueCat, the leading provider of IP address management, has been recognized with an HP AllianceOne Award for HP Networking – Most Innovative Use of Software Defined Networks (SDN) at the HP Discover 2014 conference.

The HP AllianceOne for HP Networking – Most Innovative Use of SDN award recognizes BlueCat for its BlueCat DNS Director, an app that leverages the power of SDN to control Domain Name System traffic across all connected devices and apps to prevent emerging security threats.

To learn more about BlueCat DNS Director, please visit:

The DNS is an essential network service for device-to-app, app-to-app and device-to-device communication. DNS relies on trust, which makes it a popular attack vector and data exfiltration vehicle. BlueCat DNS Director, combined with HP SDN open architecture, solves these business problems by ensuring secure application access across all devices through automated and centrally deployed DNS policies. It enables customers to enhance end-to-end network security and increase the efficiency, flexibility and resilience of their network to meet evolving business demands.

“The growth in the number and diversity of connected devices and apps has left organizations struggling with the complexity of defining and enforcing consistent security profiles across many different networks,” says Thomas Borrel, Vice President of Strategic Alliances, BlueCat. “Enterprises need programmatic control over all DNS traffic and the ability to apply policies independent of device type and app configuration to protect themselves against emerging threats. We’re honored to receive this award and to work with HP to meet the growing demand for a reliable, broad-based solution over constantly changing network infrastructures.”

The HP AllianceOne partner program offers a solid framework for collaboration by integrating servers, storage, networking, security, power & cooling and services. As a member of the AllianceOne program, BlueCat leverages HP AllianceOne solutions, tools and resources to help clients speed time to application deployment, optimize infrastructure capacity, reduce power consumption and free resources to focus on innovation that drives business growth.

Since 2007, HP Networking has provided organizations with open standards-based SDN solutions, including 30 million Open-Flow ports and its VAN SDN Controller, which enable customers to explore new business models and align their networks with business goals. HP customers and partners have access to HP’s comprehensive SDN ecosystem, including the software development kit (SDK) and SDN applications.

“Congratulations to BlueCat on their HP AllianceOne Partner of the Year award for HP Networking – Most Innovative Use of SDN,” says Doug Oathout, Vice President, Global Marketing, SMB and Alliances, Enterprise Marketing, HP. “BlueCat has demonstrated outstanding dedication and expertise in addressing the business and technology needs of its customers by helping them prevent emerging DNS security threats by ensuring secure application access across all devices.”

The HP AllianceOne Award winners were selected by representatives of the HP areas in which awards were given and presented to outstanding HP partners who have demonstrated the ability to develop and deliver solutions that clearly set them apart from others, as well as provide proof of their solutions’ value to their customers and to HP.

About BlueCat
BlueCat IP Address Management, DNS and DHCP solutions provide the foundation to build elastic networks that scale to match the ever-changing and unique demands on your infrastructure. We enable the reliability of your core network services and securely connect the people, physical devices, virtual machines and applications that drive your business. Enterprises and government agencies worldwide trust BlueCat to solve real business and IT challenges – from device on-boarding for BYOD to network consolidation and modernization to managing and automating virtualization, cloud and the Internet of Things.


Media Contact:
Courtney Senior
PR and Community Manager, BlueCat
T: 416.646.8396

Source: BlueCat

Written by asiafreshnews

June 16, 2014 at 4:03 pm

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Goodman Hong Kong Logistics Fund Successfully Prices Inaugural Euro Medium Term Note Issuance

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HONG KONG /PRNewswire/ — Goodman Hong Kong Logistics Fund (GHKLF or Fund) is pleased to announce that it has successfully priced its inaugural US$400 million Euro Medium Term Note issuance.

The notes issuance was well supported by some of the strongest institutional investors in the market and was over 4.5 times oversubscribed.

The proceeds of the notes will be used to repay existing debt facilities.

Philip Pearce, Managing Director Greater China for Goodman, said, “We are pleased with the overwhelming response for the notes issuance and wish to thank investors for their support. The notes issuance is an important step for GHKLF to optimise its financing structure following the recent portfolio expansion. It is consistent with GHKLF’s debt strategy of extending debt maturities and diversifying funding sources.”

“The over-subscription underscores investors’ confidence in GHKLF’s strong fundamentals, which are underpinned by the Fund’s leading market position in Hong Kong, its quality portfolio and customer base, and the sponsorship and management by Goodman Group,” Mr Pearce added.

As at 31 March 2014, GHKLF has an asset portfolio of HK$19.2 billion, making it the leading and most diversified provider of modern warehouse and logistics space in Hong Kong. GHKLF has been rated a “BBB+” long term corporate credit rating by Standard & Poor’s, with a “Stable” outlook.

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June 16, 2014 at 3:17 pm

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Telefonica Monitors Customer Roaming for FIFA World Cup with Mobileum

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RIO DE JANIERO /PRNewswire/ — Mobileum (formerly known as Roamware), a leading Telco Big Data Analytics company, announced that Telefonica Global Solutions has deployed its innovative Customer Experience Management (CEM) solution RoamFix to monitor subscriber experience during the 2014 FIFA World Cup. Over 600,000 international tourists are expected to visit Brazil during the tournament. Mobileum RoamFix is a CEM solution that helps operators test and monitor subscriber QoE (Quality of Experience) in real-time inter-operator environments. (Logo: ) Telefonicas Global Solutions division earlier announced that it will monitor roaming services to ensure access during the tournament. Telefonica has created a global management centre of operations and services. Through the platform, Telefonica will centralise test execution during the opening phase of a roaming agreement by any operator with Telefonica. Telefonica will boost the resources and communication tools to facilitate roaming for customers. It will use robots installed in strategic locations in host cities and technologies based on users mobile phones to produce measurements of 3G and LTE in stadia, media centres, hotels, embassies and airports. “Football is a true global sport and the world cup host country is the most visited country during the world cup. We are delighted that Telefonica has chosen our CEM solution for the FIFA world cup. Operators use Mobilems RoamFix solutions to monitor QoE through robots and apps and allow for proactive problem solving. We look forward to ensuring a great experience for every subscriber on the Telefonica network during the World Cup,” said Ori Sasson, Chairman & CEO, Mobileum Inc. About Mobileum Mobileums Telco Big Data Analytics solutions promise mobile operators, Just Wisdom□ from their biggest underutilized asset – Data. Mobileums Traveler Analytics, Customer Experience Management and Data Monetization solutions analyze petabytes of data daily to create revenue generating, experience enhancing Wisdom for 615+ operators across 168 countries. Mobileums Just Wisdom□ promise is powered by Roamwares rich brand heritage, leadership and proven innovation. Mobileum combines unmatched experience and judgment to unlock value from mobile operator data like never before. Media Contact: Srinivas B Vijayaraghavan, Senior Director Marketing Tel / Email: +919739970225 /
SOURCE Mobileum Inc.

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June 16, 2014 at 2:58 pm

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Royal Caribbean International’s Shekhar Grover Crowned Best Bartender at Diageo Reserve World Class(TM) Global Travel Final

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MIAMI /PRNewswire/ — Shekhar Grover of Royal Caribbean International has been crowned Diageo Global Travel best cruise line bartender at a glamorous DIAGEO RESERVE WORLD CLASS(TM) final held last night in Miami. Judged by a panel of industry elites, Shekhar impressed with his incredible showmanship, inventive cocktail-making and unrivalled flair.

(Photo: )

(Photo: )

Shekhar presented his skills in front of the judges – Mario Seijo, World Class Global Winner for Latin America & Caribbean 2013; Enrique De Colsa, Master Distiller at DON JULIO® Tequila; and Arturo Savage, one of Diageo’s Senior Reserve Ambassadors.

Shekhar, 27, from India, triumphed over 5,500 floating bartenders from four of the world’s leading cruise lines: Princess Cruises, Norwegian Cruise Line, Royal Caribbean International and Celebrity Cruises, in the biggest year in global travel yet for DIAGEO RESERVE WORLD CLASS. He and fellow competitors were tested on different aspects of their craft, creativity and bartending knowledge. Shekhar excelled in the bar arena and enthralled judges with his signature serve inspired by this year’s Mediterranean theme – ‘French Royale’ featuring CIROC® Vodka.

The mixologist master will go forward to the star-studded DIAGEO RESERVE WORLD CLASS Bartender of the Year Global Final taking place 28th July – 1 August 2014 in London, to battle it out against 50 of the world’s best bartenders for the coveted ‘Bartender of the Year’ title.

Shekhar, who is one of the Lead Bartenders on the Oasis of Seas, said: “I’m thrilled to win the WORLD CLASS Global Travel Final and I’m very excited to be going forward to represent cruise-line bartenders at one of the industry’s most prestigious and respected mixology competitions. I’ve been inspired and challenged by many talented bartenders over the last few weeks and I’m really looking forward to using the skills and knowledge that I’ve developed through the program to wow the judges.”

“We are very proud to have Shekhar as a member of the Royal Caribbean team,” said Brian Abel, Vice President of Food & Beverage, Royal Caribbean International. “He is a very talented and dedicated barman who embodies Royal Caribbean’s spirit of innovation and our world-renowned friendly and engaging GOLD Anchor Service. We wish Shekhar the very best of luck in July.”

“We also would like to thank WORLD CLASS for training our bartenders in the art and science of creating unique, moment-defining drinks, using award-winning spirits from the DIAGEO RESERVE collection. Our partnership ensures that we provide our guests with amazing on-board fine drinking experiences.”

If Shekhar is successful at the Global Final, securing the title of DIAGEO RESERVE WORLD CLASS Bartender of the Year, he will experience a life changing journey filled with new and exciting opportunities. Previous winners have become recognized industry leaders, travelling the globe as WORLD CLASS Ambassadors, participating in international high-profile events such as Petra Ecclestone’s lavish wedding and consulting on the widely acclaimed James Bond film, Skyfall.

Shekhar is set to make an indelible mark at the upcoming DIAGEO RESERVE WORLD CLASS Bartender of the Year Global Final taking place 28th July – 1 August 2014 in London.

Notes to editors

Follow the competition on Facebook at the ‘Global WORLD CLASS Finals’ page:

Royal Caribbean International: Shekhar’s signature serve: the ‘French Royale’



Sauternes Dessert Wine

Fresh Grapes

Fresh Lime Juice

Creme De Cassis

Recipe: Muddle fresh grapes in a Shaker Glass, add fresh lime juice and sugar syrup

Then add CIROC Vodka and dessert wine. Add a splash of Creme de Cassis and cubed ice. Shake all the ingredients well and double strain in a chilled martini glass

Glassware: Martini glass

Garnish: Cassis infused skinned black grape (soak overnight)


Throughout the program, WORLD CLASS bartenders are trained using the collection of fine spirits from the Diageo Reserve luxury portfolio – JOHNNIE WALKER® BLUE LABEL(TM) Blended Scotch Whisky, JOHNNIE WALKER® PLATINUM LABEL(TM) Blended Scotch Whisky, JOHNNIE WALKER® GOLD LABEL RESERVE(TM) Blended Scotch Whisky, The SINGLETON(TM) Single Malt Scotch Whisky, CIROC® Vodka, KETEL ONE® Vodka, TANQUERAY® No.TEN(TM) Gin, DON JULIO® Tequila, ZACAPA® Rum, BULLEIT(TM) Bourbon, and TALISKER(TM) Single Malt Scotch Whisky. All words and associated logos are trade marks.

DIAGEO RESERVE WORLD CLASS is transforming fine drinking experiences and cocktail culture around the world and in the home. One of the industry’s largest, most credible investments in the luxury on trade, it discovers the next generation of bartending talent who set the latest mixology trends and bring these to the best bars worldwide. At the core is an outstanding, global training program and internationally recognized platform that elevates the craft of the bartender and builds careers in the industry culminating in an annual luxury landmark week where the DIAGEO RESERVE WORLD CLASS Bartender of the Year is announced. Launched in 2009, over 15,000 bartenders have been inspired and educated in the craft of mixology using the finest spirits in the DIAGEO RESERE collection. A partnership and collaboration with gurus, media, partners and owners, DIAGEO RESERVE WORLD CLASS is widely recognized as a mark of sophistication and distinction of international fine drinking culture by bartenders and customers alike.

As an extension of the DIAGEO RESERVE WORLD CLASS training program, in 2011 Diageo launched the Diageo Bar Academy in Asia Pacific, the region’s largest bartending course accredited by the Wine and Spirit Education Trust (WSET), which has trained 27,000 bartenders to date.


Diageo is the world’s leading premium drinks business with an outstanding collection of beverage alcohol brands across spirits, beer and wine. These brands include Johnnie Walker, Crown Royal, JεB, Windsor, Buchanan’s and Bushmills whiskies, Smirnoff, CIroc and Ketel One vodkas, Baileys, Captain Morgan, Tanqueray and Guinness.

Diageo is a global company, with its products sold in more than 180 countries around the world. The company is listed on both the New York Stock Exchange (DEO) and the London Stock Exchange (DGE). For more information about Diageo, its people, brands, and performance, visit us at For our global resource that promotes responsible drinking through the sharing of best practice tools, information and initiatives, visit

Celebrating life, every day, everywhere.

Please drink responsibly, visit

Written by asiafreshnews

June 16, 2014 at 2:58 pm

Posted in Uncategorized

Dr. Ian Ball Recommends Greece Implement GAAP

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LONDON, June 12, 2014 /PRNewswire/ — Dr. Ian Ball, Chairman of CIPFA International and former CEO of the International Federation of Accountants (IFAC) and Central Financial Controller for the Government of New Zealand, strongly recommends that the Government of Greece implement generally accepted accounting principles (GAAP).

In advance of the New Era in Sovereign Accounting Symposium (NESAS) to be held in Athens on June 16th and 17th, Dr. Ball provided insights based on his experience working with and studying leading sovereign governments that are earning the benefits of good accounting. He also noted that countries operating dated and non-transparent accounting systems face a range of risks and perils, including a reduced ability to foresee and manage economic shocks.

Greece can gain immediate benefits from GAAP

Dr. Ball observed that the countries leading the world with the quality of their sovereign accounting and audit have earned significant benefits, including more sustainable economic growth, reduced taxation, better government performance, greater ability to withstand and rebound from economic shocks, and greater public confidence in the government. And, Greece can gain immediate benefits in improved investor confidence by making a serious and committed effort to implement IPSAS.

In regards to Greece, Dr. Ball commented:

“It is very hard to understand why any Minister of Finance looking for sound economic and fiscal management would not, in the 21st century, use the best available public financial management tools, in particular GAAP-based budgeting and accounting.”

IPSAS is a cornerstone of sustainable growth for Greece

Greece badly needs to implement the gold standard of sovereign GAAP accounting, which is IPSAS (International Public Sector Accounting Standards), according to Dr. Ball. Since at least the early 1990s, Greece has experienced the consequences of bad government accounting. The Eurozone sovereign debt crisis was in no small part a result of Greece engaging extensively in “creative accounting”, using accounting devices in an attempt to create fiscal illusion. This failure of accounting was one of the causes of the deep economic and social damage suffered by Greece over the past six years.

Dr. Ball noted:

“IPSAS is a cornerstone of sustainable growth for Greece and should be a top priority, now. Without good accounting, a country cannot have good decision-making, transparency, or accountability.”

Japonica Partners, an avid supporter of international public sector accounting standards, commented:

“Dr. Ball is exactly right in pointing out the many false excuses given for not implementing good government accounting, including that accounting is too difficult for governments and pervasive accounting illiteracy is inevitable.”

Dr. Ball and other global thought leaders will be discussing the benefits of good sovereign accounting and the perils of bad sovereign accounting during the NESAS in Athens on June 16th and 17th, 2014.

Dr. Ian Ball is Chairman of CIPFA International and former CEO of IFAC and Central Financial Controller for the Government of New Zealand.

Japonica Partners is an entrepreneurial investment firm that makes concentrated investments in underperforming global special situations.

Contact: Noi Reineke, nreineke[@]

Source: Dr. Ian Ball

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June 16, 2014 at 2:55 pm

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Scott Orenstein and DLO Productions LLC Announce Launch of New Lifestyle Brand and Philanthropy, Inspiration Nation:

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NEW YORK, June 11, 2014 /PRNewswire/ — Brenda and Eddie is a British inspired lifestyle brand, with a focus on T-Shirts. The company’s philanthropy, Inspiration Nation, has partnered with 3 time Olympic Gold Medalist Heather Mitts. Together they have designed a, one-of-a-kind, limited edition, T-shirt to raise funds for the Jillian Loyden Foundation. Inspiration Nation will continue to celebrate exemplary members of their community and support their charity of choice.

3x Olympic Gold Medalist, Heather Mitts, wearing Brenda and Eddie's first Inspiration Nation T-Shirt.
3x Olympic Gold Medalist, Heather Mitts, wearing Brenda and Eddie’s first Inspiration Nation T-Shirt.

Photo –

Orenstein, a former President of the GH Bass & Co division of PVH, has an extensive background in retail and brand building, including stints at Lord & Taylor, Geoffrey Beene, and currently at Great Oaks Venture Capital. “I started Brenda and Eddie because I love t-shirts. I love every element of t-shirt design from start to finish; the creativity, the distribution, and the ability to express yourself through fashion. And more importantly, I have a passion for helping my community. Brenda and Eddie captures the Y generation’s excitement for vintage related fashion and makes it fresh through the lens of modern influences such as graffiti, metallic and collage. Our passion is to deliver an amazing, well-crafted product and to engage and support our community through our philanthropy, Inspiration Nation.”

As of today, Tuesday, June 10, merchandise is available for retail purchase exclusively online at Wholesale information is available by contacting the company directly.

Brenda and Eddie: Rock our T-Shirts!

Caroline Klohs

Source: Brenda and Eddie

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June 16, 2014 at 2:03 pm

Posted in Uncategorized