MANILA, Philippines (UPDATE) – Government officials will meet with Philippine Airlines management and its pilots on Monday to resolve issues that led to the cancellation of at least 11 domestic and international flights.

PAKAN, Aug 1 (Bernama) — The government receives an annual contribution of about RM800 million from the country’s telecommunication companies, said Deputy Information Communication and Culture Minister Datuk Joseph Salang.

Government says it’s more “cost-effective” to use IE6 Posted by Devina Divecha

Accra, July 31, GNA – Government will continue to implement policies to compel local financial institutions to reduce their lending rates (interest rates), Mr Franklin Fiifi Kwetey, Deputy Minister of Finance and Economic Planning has assured.

Hit by allegations of corruption in the Commonwealth Games, the government today promised to take action against those found guilty even as another venue was inaugurated with a leaking roof.

THE GOVERNMENT will allocate 773 million in support of scientific research over the next two years.

The central government is planning to ban iron ore exports or restrict the quantum of export to protect the rich mineral wealth of the country, Steel Minister Virbhadra Singh has said.

John Brumby’s government is extremely anxious about today’s final report of the Black Saturday Royal Commission and you can easily tell.

ISLAMABAD — The Pakistani government stepped up relief efforts Friday for the hundreds of thousands of people affected by the worst flooding in decades to hit the country’s northwest, an area already wracked by extremist violence. Pakistan – Asia – Islamabad – Peshawar – Earth Sciences

Government plans to scrap compulsory retirement at 65 have been criticised by business leaders.

Four government departments have spent almost £6m over the past two yearsensuring their web sites were displayed in internet search engine results.

The Government says it took about six months to do follow-up tests after a water contamination scare at Kogan on Qld's Darling Downs.

The government has initiated a study to assess the demand for steel in rural markets, Minister of State for Steel A. Sai Prathap said Friday in the Rajya Sabha.

Government forces fired warning shots and tear gas to quell protests against Indian rule that erupted Thursday in several towns in restive Kashmir, police said.

The government is considering scrapping a rule that guarantees workers atoutsourcing firms similar working conditions to their equivalent co-workers inthe public sector.

WASHINGTON — The government says it plans to test 55 vehicles from the 2011 model year under a new safety ratings system that includes tougher requirements.

The government has launched a website to provide public access to UK legislation dating back to 1267.

Government spokesman says at least 80 people dead after boat capsizes in western Congo.

Four government departments spent almost £6m ensuring their websites appeared on search engine results pages, new figures show.

The Government may scrap anti-social behaviour orders the Home Secretary has said.

The Government has announced plans to offer buyers of electric cars up to £5000 toward the purchase.

Britain’s government said Thursday it has dismissed a call to replace the head of an inquiry into allegations the U.K. colluded in the torture of terrorism suspects overseas.

The government is working on a project to overcome crisis in the construction sector and resume active building of housing, Ukrainian Vice Prime Minister Sergiy Tigipko has said.

Did You Know? Little-known facts in the congressional insider trading debate

US Senators’ average annual stock performance beat the market average by approximately 12.3%, while stock purchases made by corporate insiders on average outperform the market by 7.4% and stock portfolios of the average US household underperform the market by 1.5%.

Insider trading was not federally regulated until 1934 when President Franklin D. Roosevelt signed into law the Securities Exchange Act following the 1929 stock market crash.
William Duer, who was appointed the first Assistant Secretary of the US Treasury in 1789, was the first known inside trader. He used his official position to gain inside information for speculating in the newly formed US investment market.

In 2007, the 10 wealthiest US Senators traded stocks in a total of 45 different companies spanning finance, insurance, oil, pharmaceutical, telecom, and other industries. Those 45 businesses also received $18 billion in federal appropriations that same year.
Congressman Oakes Ames was censured by Congress in 1873 for bribing other Representatives to avoid investigating his illicit government contracts that profited the railroad and construction companies in which he was a stockholder.

Although commonly considered illegal, insider trading can also be legal.

A person who is convicted of insider trading can be fined up to $5,000,000 and/or imprisoned up to 20 years.
A person is not subject to imprisonment for insider trading if it can be proven that he/she had no knowledge of the rule or regulation that was violated.
After the market crash of 1929, JP Morgan & Co. gave guaranteed profits and sold specially discounted stocks to select clients including former President Calvin Coolidge, then sitting Treasury Secretary, chairmen of both the Republican and Democratic national committees, and CEOs of General Electric, AT&T, and Standard Oil.

Until 1977 Congressional representatives had no restrictions on their non-congressional income and no rules about disclosing their finances and investments to the public.
Employees of 817 executive agencies, 17 executive offices, and 132 independent agencies are prohibited from trading stocks based on insider government information, unlike Congressmen and Supreme Court Judges.
Two Congressional representatives are trying to extend insider trading regulations to the legislative branch with the Stop Trading on Congressional Knowledge (STOCK) Act that was introduced in 2006, 2007, and again on Jan. 26, 2009 but has not come to a vote (as of Apr. 8, 2009).

If you have any little known, straightforward, and interesting facts that you’d like to share, please contact us. Please include a link or reference to your source.

http://insidertrading.procon.org/viewresource.asp?resourceID=002662#II