– The increasing need to avert a political and economic crisisOn February 25, 2019, it was reported in sections of the media that the President of the Georgetown Chamber of Commerce (GCCI) indicated that its members have so far experienced a decline in business activity. In his report, it was noted that approximately 85 per cent of the businesses which registered a decline in business activity experienced a 25 per cent to 50 per cent decline in the level of commercial activity, while the remaining 15 per cent reported a decline of 75 per cent to 100 per cent decline in business. The GCCI further expressed its concern that this significant decline in commercial activity is worrying, and, with the continued state of political uncertainty, can result in further decline in business activity.At another forum recently, another association’s President; namely, the Guyana Manufacturing and Services Association (GMSA), also joined with the GCCI and expressed similar concerns. To this end, the Association’s President noted the need for “a stable political environment, and one which is conducive for doing business.”Readers of this column would recall that, even before these events were manifested, this author made such pronouncements weeks and months ago in previous columns. For ease of reference, in the most recent column on the issue, carried on February 9, 2019, this analyst contended that on the economic development side, both private and foreign investors are already worried and holding back from getting involved in terms of investing in Guyana – much less signing any contracts with the Government.The manifestation of these events would only hurt the Guyanese people, and especially the working class, at the expense of politicians fighting for power and clinging to power without any regard for a strong and prudently governed economy in the interest of all Guyana’s peoples. The economy is at risk of becoming standstill overall. Very little or no investment would occur during this period; unemployment would be on the rise, crime would be on the rise, and social and economic hardships would be imposed upon the working class especially. Other articles on these fronts were featured in January and sometime last year.Notwithstanding that, and politics aside, Guyana has too much at stake for having to treat with the risks and implications of what a political and economic crisis can do to Guyana; the negative impacts would be far reaching. Guyana cannot afford to have international sanctions imposed upon it at this time, as this would potentially affect international trade with the rest of the world. With an excess of 4.5 billion barrels of recoverable oil offshore Guyana and a sea of international companies coming to Guyana owing to the notion of massive oil wealth here, wherein production is projected to commence next year, these events would only weaken Guyana from an economic governance perspective.All this time that is wasted in the fight for political power should see us focused on working together to craft a long-term strategic development plan for Guyana. For example, what are the development projects that should be high on the agenda for the next five years? The fact remains that oil will not last forever, it will be exhausted. In fact, the traditional export commodities such as gold would outlive oil, and therefore how do we continue to incentivise and revamp these traditional sectors as part of a long-term development strategy for Guyana? These are but a few examples of where the attention needs to be focused by not only the political leaders, but also all other stakeholders involved.Finally, speaking of traditional sectors that will far outlive oil, it is unfortunate that Guyana has opted to get rid of the sugar industry, rather than focusing on how to reposition the sugar industry amidst the evolving global changes of where the sugar industry is heading. In this respect, empirical work has suggested that, with changing sugar markets in the U.S and around the world, innovation and environmental protection through value addition and diversification will be crucial for sustainability of the sugarcane industry. Commercial sucrose has very high purity (99%), making it the purest organic substance produced on an industrial scale. Several value added commodities are currently produced from sucrose by chemical or biotechnological derivatisation. Increasing use of biotechnological methods to derivatise the sucrose molecule is envisaged to add special functionalities to the sucrose products, which are becoming important in the emerging bio-economy (Eggleston et.al, 2016).In referencing Eggleston et.al. (2016), the sugarcane industry is currently faced with the reality that sugar, molasses, and bagasse can no longer be regarded as the final products for factory refinery. Instead, the sugar industry should be regarded as a biomass-based industry that is not only equipped to manufacture products for the food sector, but also value added biofuels, energy and chemicals for the non-food sector. Sugarcane fits well into the emerging concept of a renewable carbohydrate feedstock because of its availability, and it is among the plants giving the highest yields of carbohydrates per hectare.
Relocation of Walter Roth MuseumGovernment seems to be clueless about where it will be relocating the Walter Roth Museum, and as the days progress, Guyanese from all walks of life are expressing their disappointment at such a move.People’s Progressive Party Chief Whip Gail Teixeira on Friday said the more than 500 online signatures to the petition to save the museum, has also seen widespread condemnation for the move by the Ministry of the Presidency to have the museum relocated:“The latest insult of Government to the Amerindian citizen is the move by the President to remove the Walter Roth Museum and the way it was done by having GDF soldiers moving in to inform staff that they had to move was even scarier.”The current location of the Walter Roth MuseumShe said the museum is a “living tribute to the Amerindian Peoples of Guyana from prehistoric times to now.” Ironically, she said, like the decision to relocate the Stabroek Market vendors or close the Wales Sugar Estate, “they have no clue where they are relocating this museum” as a mandate given by Junior Minister of Public Infrastructure Annette Ferguson has been unsuccessful.Last week, the Ministry of the Presidency said it was removing the Walter Roth Museum and its employees to the National Museum by the end of the year. This announcement came one day after Guyana Times broke the story about government’s plan to move the museum.The museum was founded with the collections of Guyanese Archaeologist, Dr Denis Williams and in 1980, the ethnographic collections of Dr Walter Roth, Mr JJ Quelch and Sir Everardim Thurn were transferred to the museum from the National Museum. The Walter Roth collections also include excavated artefacts from all 10 Administrative Regions.Former Culture, Youth and Sport Minister, Dr Frank Anthony, had stated that the museum is an institution and instead of dismantling it, “we have to be preserving it and growing it because it has a very important role to play in Guyana.”Dr Anthony said he does not think the President is aware of the space the National Museum has, since it has been overcrowded with its artefacts: “They cannot display their current holdings because there is a lack of space and to move an entire museum and somehow cram it into the space of the National Museum, I don’t think that is possible.”Dr Anthony added that if it is true the President wanted all the museums in one place then the Government would have to construct another building and he does not believe that they are rebuilding the current museum, and “if they are doing that, where are they getting the budget from because there was no budget voted in 2016 for it.”The Walter Roth Museum was established in 1974 but did not open to the public until 1982. It is located on Main Street, Georgetown and is famous for its journals in some of the leading universities of the world.
Full Deloitte Site c Report by The Vancouver Sun on ScribdAdvertisement With files from The Province and The Vancouver Sun: Advertisement http://vancouversun.com/opinion/columnists/vaughn-palmer-b-c-hydros-site-c-promises-ring-hollowhttp://vancouversun.com/opinion/columnists/vaughn-palmer-public-unfairly-kept-in-dark-on-site-cs-gory-detailshttp://theprovince.com/news/local-news/site-c-read-here-deloittes-unredacted-bombshell-report-to-the-b-c-utilities-commission/wcm/4829d9ae-db10-4894-b55a-71bef528ca2d VANCOUVER, B.C. — The B.C. Utilities Commission is in damage control mode this morning after the unredacted version of the first report by Deloitte LLP covering the construction of the Site C dam was released by The Province newspaper.The BCUC unintentionally posted the unredacted version of Deloitte’s first report on September 8th, when the Commission published both of the accounting firm’s audits of the Site C project and its alternatives. The Commission subsequently removed the report and replaced it with a version that had a large number of passages that had been blacked out. The unredacted version was originally supposed to have been available only to parties that were approved by BC Hydro.Vancouver Sun columnist Vaughn Palmer published two stories this week outlining some of the details of the redacted report. The unredacted Deloitte report shows that Site C’s main civil works contract has burned through 77 percent of its contingency funds, despite the fact that only 24 percent of the main civil works’ budget has been spent.- Advertisement -The report mentions that in addition to a 400-metre stress crack appeared in the north bank of the Peace River, a second crack 250 metres long opened up in the north bank in May. Another highlight of the newly-uncovered information is that on August 24th, Peace River Hydro Partners asked Hydro for an additional $327 million, saying that it was 435 days behind schedule. If true, that would mean that the diversion of the Peace River would miss its September 2019 deadline, which according to Deloitte would likely see the entire project go over budgetThe full copy of the unredacted Deloitte report that was published by The Province can be found below. In response to the publishing of the redacted report, the BCUC’s Site C Inquiry panel released a statement saying that the panel “considered the negotiating position of British Columbia Hydro and Power Authority (BC Hydro) with its contractor(s) and was of the view that the inappropriate dissemination of certain confidential financial information could ultimately increase costs to ratepayers.”BCUC Chair and CEO David Morton also released a separate statement this morning outlining his concern about the unintended release of the Deloitte report. Morton stated that, “The unintended posting of the unredacted report and its subsequent removal was not due to an error on the part of the Commission, nor was it an attempt to suppress information.”Both statements can be found below.
“We think all (Olson’s) ligaments are intact, and in pretty good shape,” Dorrell said. “We need to make an evaluation at some point over the weekend.” Bethel-Thompson completed 12 of 28 for 139 yards, was intercepted four times, sacked four times and fumbled three times, one of which was returned for a touchdown. Home sweet home Notre Dame freshman quarterback Jimmy Clausen completed 17 of 27 passes for 84 yards in the first victory of his college career. Notre Dame continued to enforce a policy that freshman players can’t talk to the media, even though this was the former Oaks Christian star’s homecoming and Notre Dame’s first victory. “He was pretty fired up because this is his home turf,” Weis said. “He managed the team and did what we asked him to do. He’s a freshman, and this is the first time as a starting quarterback that he’s won. So, he’s as happy as anyone right now.” No Moline UCLA junior defensive tackle Chase Moline did not dress for the game because of migraine headaches. He practiced during the week. Who’s watching? When the deal was signed 14 years ago, it seemed like Notre Dame’s first trip to the Rose Bowl in 83 years would be a big deal. ABC picked up the game, but not many people saw it. The game was slated to go to only 18 percent of the nation. The rest of the country was to get Ohio State at Purdue. Odds and ends Senior left guard Shannon Tevaga, a four-year starter, played for the first time since injuring his knee Sept. 15 at Utah. … UCLA reserve linebackers Shawn Oatis and John Hale each missed the second half because of concussions. … Bruins receiver Dominique Johnson suffered a left ankle sprain.160Want local news?Sign up for the Localist and stay informed Something went wrong. Please try again.subscribeCongratulations! You’re all set! By Brian Dohn and Jill Painter STAFF WRITERS UCLA coach Karl Dorrell said the coaching staff will spend the next day or so deciding what to do with its quarterback situation, but Osaar Rasshan will be involved in it. Rasshan, who moved to receiver in the offseason, said he was told by Dorrell after UCLA’s 20-6 loss Saturday to Notre Dame he would return to quarterback during practice and could be the starter when the Bruins return from a bye and host California on Oct. 20. It became an issue after starter Ben Olson was knocked out in the first quarter, forcing red-shirt freshman walk-on McLeod Bethel-Thompson into action. “I talked to Coach Dorrell and he said he didn’t put me in the game because I didn’t get any (practice) snaps,” Rasshan said. “(Dorrell) said we’ll go in and get a blue print and see how everything is going. I think I have the most experience at quarterback, so I definitely think I can help the team there.” Dorrell said the availability of Olson, who has a left knee injury, and Patrick Cowan (knee) will be assessed. Using Bethel-Thompson, true freshman Chris Forcer and Rasshan are also options. “I don’t have all the answers today, so don’t ask me today,” Dorrell said. “But those are the things we’ll have to consider over this weekend and move forward.” The quarterback situation was dire after Olson was hurt while being sacked by the Irish, and may not improve in time for Cal. Olson, who was on crutches but declined comment after the game, will undergo an MRI to determine the severity of his injury. Cowan tore the medial collateral ligament in his right knee two weeks ago against Washington, and has not practiced since.
Special Olympics offers athletic training and competition for athletes with learning disabilities during the evenings at various locations in Santa Clarita. New athletes or volunteer coaches can call (661) 253-2121. Santa Clarita Noon Kiwanis Club will meet, noon-1:30 p.m. at El Torito, 27510 The Old Road, Valencia. Call Janie Choate at (661) 296-8260. Youth Chess Club will meet, 5:30-8 p.m. at 25864-G Tournament Road, Valencia. Call Jay Stallings at (661) 288-1705. Evening Kiwanis Club will meet, 6:15 at Mulligan’s, 25848 Tournament Road, Valencia. Call Amy Spencer at (661) 255-6714. Santa Clarita Runners Club will meet for tempo runs, 6:15 p.m. Call (661) 294-0821 or visit www.scrunners.org for location. THURSDAY Indy racing car and Formula 1 racing car will be on display, 8 a.m.-6 p.m. at Big John’s Performance tire center and Valencia Car Wash, 24233 Creekside Road, Valencia. Call (661) 255-3448. Board Development Workshop for nonprofits, 9 a.m.-noon at the SCV Resource Center, 20880 Centre Pointe Parkway, Santa Clarita. Cost: $20. Call (661) 250-3720 or e-mail email@example.com. SCV Bar Association will meet, 6 p.m. at Marie Callender’s, 27630 The Old Road, Valencia. Call (661) 287-3260. Santa Clarita Corvette Club will meet to socialize, 6:30 p.m. at Route 66 Classic Grill, 18730 Soledad Canyon Road, Canyon Country. Call (661) 298-1494. Parenting workshop for parents of teens, 7-9 p.m. in the council chambers at City Hall, 23920 Valencia Blvd., Valencia. Call (661) 255-4965. Karaoke night, 7:30 at VFW Post 6110, 16555 Sierra Highway, Canyon Country. Call (661) 252-9989. Nonaerobic workout in a heated pool for joint and muscle conditioning, 10:30 a.m. at the Santa Clarita Valley Family YMCA, 26147 McBean Parkway, Valencia. Call (661) 253-3593. FRIDAY Indy racing car and Formula 1 racing car will be on display, 8 a.m.-6 p.m. at Big John’s Performance tire center and Valencia Car Wash, 24233 Creekside Road, Valencia. Call (661) 255-3448. Karaoke night, 6:30-9:30 at Vincenzo’s, 24504 Lyons Ave., Newhall. Call (661) 259-6733. SATURDAY Bone marrow registry drive for Kendyl Biby, 8 a.m.-2 p.m. at The Church of Jesus Christ of Latter-day Saints, 24443 McBean Parkway, Valencia. Call (661) 259-9637 to schedule an appointment. Indy racing car and Formula 1 racing car will be on display, 8 a.m.-6 p.m. at Big John’s Performance tire center and Valencia Car Wash, 24233 Creekside Road, Valencia. Call (661) 255-3448. Free Landscape Education class will cover pest diagnosis, 9 a.m.-noon at Castaic Lake Water Agency, 27234 Bouquet Canyon Road, Saugus. Call Karen Denkinger at (661) 513-1230. Italian Catholic Federation will meet for dinner and socializing, 6:30 p.m. at Our Lady of Perpetual Help Church Hall, 23233 W. Lyons Ave., Newhall. Dinner: $5. Call Lorraine at (661) 284-1923. Santa Clarita Runners Club will meet for a morning run, 7 o’clock in the parking lot at Starbucks, 26415 Bouquet Canyon Road, Valencia. Call (661) 294-0821 or visit www.scrunners.org. Free wellness workshop will present research about stubborn weight, fatigue and hormone imbalance, 10-11:30 a.m. at the office of Dr. Larry Cart, 24868 Apple St., Suite 101, Newhall. Call (661) 284-6233. Saugus train station will be open, 1-4 p.m. at Heritage Junction in William S. Hart Park, 24151 Newhall Ave. Call (661) 254-1275. Karaoke night, 8 o’clock at VFW Post 6885, 16208 Sierra Highway, Canyon Country. Call (661) 252-6885. Special Olympics offers athletic training and competition for athletes with learning disabilities throughout the day at various locations in Santa Clarita. New athletes or volunteer coaches can call (661) 253-2121 .160Want local news?Sign up for the Localist and stay informed Something went wrong. Please try again.subscribeCongratulations! You’re all set! TODAY Open house, 10 a.m.-8 p.m. at Tradeway, 27433 Tourney Road, Valencia. Call (661) 284-1263. Free health lecture, titled “Fall Prevention,” 1-2 p.m. at the SCV Senior Center, 22900 Market St., Newhall. Call (661) 259-9444. Canyon Country Advisory Committee will meet, 7-9 p.m. in the Banquet Room at the Santa Clarita Activities Center, 20880 Centre Pointe Parkway, Santa Clarita. Call Al Ferdman at (661) 713-9344. AD Quality Auto 360p 720p 1080p Top articles1/5READ MOREWhy these photogenic dumplings are popping up in Los AngelesSanta Clarita Sunrise Rotary Club will meet, 7:10 a.m. at IHOP, 24737 W. Pico Canyon Road, Stevenson Ranch. Call (661) 250-1023. Santa Clarita Valley Rotary Club will meet, 12:10 p.m. at Marie Callender’s, 27630 The Old Road, Valencia. Call (661) 259-7701. Santa Clarita Valley-Newhall Optimist Club will meet, 7 p.m. at La Rumba, 27600 Bouquet Canyon Road, Saugus. Call (661) 252-7313. Valencia Toastmasters will meet, 7 p.m. Call Kim Dickens at (661) 259-8567 or visit www.valenciatoastmasters.org for location. Karaoke night, 7:30 at VFW Post 6110, 16555 Sierra Highway, Canyon Country. Call (661) 252-9989.
LIVING THE DREAM moving on Eric Bailly leaves the field on a stretcher. The #MUFC defender is understandably upset pic.twitter.com/YHeLcpUeHH— Simon Peach (@SimonPeach) July 25, 2019 Liverpool’s signings under Michael Edwards – will Minamino be the next big hit? Bailly was visibly upset as he was carried off the pitch, having twisted his knee as he attempted to stop Son Heung-min’s tricky run.The 25-year-old was on the pitch for a matter of minutes, having only just come on as a half-time substitute. LATEST TRANSFER NEWS AND GOSSIP 2 Arsenal transfer news LIVE: Ndidi bid, targets named, Ozil is ‘skiving little git’ Where every Premier League club needs to strengthen in January Harry Maguire has been a target of Man United all summer Cavani ‘agrees’ to join new club and will complete free transfer next summer Chelsea confident of beating Man United and Liverpool to Sancho signing Tony Cascarino backs Everton to sign two strikers for Carlo Ancelotti targets It’s the latest setback for Bailly, whose persistent knee and ankle problems restricted him to just 12 Premier League appearances last season.And he has only just returned to action, having been ruled out of Ivory Coast’s Africa Cup of Nations squad with a knee injury suffered against Chelsea in April.It’s wretched timing, too, having impressed fans with his defensive performance in United’s recent 1-0 victory over Inter. Kevin De Bruyne ‘loves Man City and wants to keep winning’, reveals father Manchester United defender Eric Bailly appeared to suffer another major injury blow as he was stretchered off in Thursday’s friendly victory over Tottenham in Shanghai.And supporters reacted by urging the club to replace the stricken centre-back with Leicester City’s Harry Maguire. Bailly singlehandedly getting us a new CB, club legend— Tяυsτ №¹-Maxime Pivot ™ (@dajjalnorm) July 25, 2019 REVEALED TOP WORK three-way race getty Ed Woodward’s incompetence with the Maguire deal has come back to bite him with Eric Bailly’s injury.Good luck negotiating with Leicester now, the price has just gone up another £10m. #MUFC #MUTOUR— J.A.O 🔰 (@JuanAnderOnly) July 25, 2019 ⛔️ @EricBailly24 just loves defending. Simple as that.#MUFC #MUTOUR #ICC2019 pic.twitter.com/m4onOZdeCD— Manchester United (@ManUtd) July 21, 2019And after this latest injury, supporters used social media to urge the club to get a deal for Maguire over the line.The England international has been linked with a move to Old Trafford for most of the summer, but the clubs are yet to agree a fee.The 26-year-old is valued at £80m by the 2015/16 Premier League champions and the Foxes will not budge, insisting they are under no pressure to sell, so this could be a saga that continues to the very end of the window – which closes in two weeks.Fans are growing impatient, though, and Bailly’s injury was the final straw for many as they told executive vice-chairman Ed Woodward to make Maguire a Red Devil. The biggest market value losers in 2019, including Bale and ex-Liverpool star Is Eric Bailly made of Glass???— The Kingmaker🦉 (@SmithVinci) July 25, 2019 Feel for Bailly, I really do. But it’s clear he’s not going to be a part of United’s future with such a horrific injury record. Desperately need Maguire to sign now.— ‘Drawty’ (@DrawtyDevil) July 25, 2019 Here’s how Twitter reacted to the Bailly injury news… Eric Bailly has suffered another injury blow for Manchester United Getty targets Good performance overall and good to get another win. But the lack of chances in the second half after Pogba went off and Eric Bailly’s injury shows why the Maguire and Fernandes deals are so important. Get them done!#mufc #mufctour— Haitham (@haithamshatta) July 25, 2019 Come on @ManUtd , this doesn’t look good . Announce Maguire now ffs . Get well soon Bailly ❤️ pic.twitter.com/MEiEwf5jTQ— MAZI TOOCHUKWU POGBA 👑 (@sommy_mufc) July 25, 2019 LATEST Bailly faking injury to force Woodward to sign another defender. My CB— Ezu (@Utd_Ezu) July 25, 2019 2
“We’re not getting too ahead of ourselves. “We know we’ve got a very tough group at the World Cup but we’ve had some good results and we’re feeling good coming into it. “We’ve got a good group of players and we know what we can achieve so let’s hope we can do it.“I think it can generate a lot of publicity for sure, and it has come at a good time when we’re playing Jamaica at the national stadium next month. Scotland’s Erin Cuthbert says it’ll be a dream come true to play at the national stadium as Shelley Kerr’s side get set for their final warm up game before the World Cup. The Chelsea forward is hoping she’ll get a taste of the famous Hampden roar when they take on Jamaica on May 25.With Scotland heading into the World Cup for the first time, and having just beaten Brazil in a friendly, Cuthbert believes the team’s form and profile could be quite a draw as they play at the national stadium for the first time sin seven years.“It’s been a crazy couple of months, if not year,” she told STV. “Hopefully that’s going to bring more people through the turnstiles and get as many people out as possible to come and support us for our send-off match.”The 20-year-old is crossing her fingers she’ll be included in the side, having spent plenty time in the stands cheering on sides in dark blue.“I’ve never had the opportunity to play at Hampden so I’m hoping I’m selected to get the opportunity to do that,” she said. “It would be once in a lifetime. “I’ve been to Hampden so many times. I was at the England game, the 2-2 game where Leigh Griffiths scored both free-kicks and the atmosphere was incredible. “Hopefully we can generate that next month.”Cuthbert was speaking at the draw for the Women’s Under-19s European Championship Finals. Hosts Scotland have been drawn to face Netherlands, Norway and France.
A Donegal County Councillor is calling for the Irish Government to seek an urgent meeting with American officials and intervene in the case of a Donegal man arrested in Boston and facing deportation back to Ireland.Glencolmcille native John Cunningham (38) was arrested on Friday over immigration offences.Cunningham moved to Boston in 1999 and hasn’t been back in Ireland in 16 years. Currently being held in the Suffolk House of Corrections, Cunningham is set to be deported to Ireland. Fianna Fáil Councillor Ciaran Brogan says Cunningham’s case has ‘sent shockwaves’ through the Irish community in America.“John is a personal friend of mine and the heart goes out to John, his family and the big Irish family in America,” Councillor Brogan said.“John is very much involved in the GAA in Boston. He is front and centre of all that is good about his community in Boston. It is terrible that he is just sitting in a prison now being treated like he is a criminal.Councillor Ciaran Brogan with John Cunningham in Boston.“These people are not criminals. They have always been very good to us when we’ve been out. Donegal County Council has sent deputations to Boston and John has actually been recognised by the Council for his contribution at the Golden Bridges conference. Cunningham has been living undocumented in America since 1999. The Department of Foreign Affairs is providing consular assistance and his arrest has sparked fears among the undocumented Irish in America.Councillor Brogan said: “This is a huge blow for all the undocumented people in America.“The Irish Government, as a matter of urgency, need to seek meetings with the American administrators. John Cunningham has been heavily involved in so many good things in Boston. He went there, worked very hard and set up a business. He’s involved in everything and he is very high profile.“Everyone is on the edge of their seat now. I have spoken to people in Boston and your heart would go out to them.”County Councillor calls on Government to step in to aid Donegal man facing deportation was last modified: June 21st, 2017 by Chris McNultyShare this:Click to share on Facebook (Opens in new window)Click to share on Twitter (Opens in new window)Click to share on LinkedIn (Opens in new window)Click to share on Reddit (Opens in new window)Click to share on Pocket (Opens in new window)Click to share on Telegram (Opens in new window)Click to share on WhatsApp (Opens in new window)Click to share on Skype (Opens in new window)Click to print (Opens in new window)
Five years ago the fallout from financial catastrophes like Enron and WorldCom drove the Sarbanes-Oxley into being. A year ago now the pendulum was beginning to ease and advocates for relaxing compliance regulations seemed to be getting greater recognition. But the events of the last six months have pretty much closed any opportunity for easing compliance requirements: the housing crisis, the credit crisis, the Madoff incident, India’s Satyam scandal, …With a new administration of Democrats moving into Washington in the coming weeks, the agenda in Washington is sure to bring up the review of Sarbanes-Oxley and other existing compliance regulations, and then to inevitably introduce new legislation to try to create more fiscal accounting transparency and oversight.Entrepreneur Mark Cuban suggests the government push more towards greeater use of the financial reporting specification XBRL. XBRL is a set of special XML tags that are designed to represent detailed financial data, and because each piece of data is tagged, searchability of XBRL data is a snap. The SEC already requires $5 billion+ market-cap companies to report their financials in this format and the remaining public companies will need to report data in this format by 2010. XBRL will make it much easier to analyze, compare and research company financials.Cuban recommends that the requirement of XBRL reporting be extended to all mutual funds, hedge funds, EFTs, brokers, dealers, market makers, banks, and loan companies. With XBRL, the monitoring and auditing of these institutions would be made much more efficient. Beyond the requirement of changing the format for how data is reported, additional regulations may not really be needed. There’s enough laws on the books already, it’s just that up until now, trying to uncover problems has proved to be too time-consuming without a way to quickly size up the data.XBRL might be all we need. And from an ECM data management perspective, it’s satisfying to think that using the right data format can solve a lot of the world’s problem…