German Finance Ministry: No Need for New Financial Decisions on Greece

UN climate finance talks deliver options – but no new money

Kotthaus also told reporters Wednesday. Write to Harriet Torry at harriet.torry@wsj.com By Harriet Torry BERLIN–Germany’s finance ministry said Wednesday there’s no need to examine Greece’s financial position at this time, a day after Finance Minister Wolfgang Schaeuble admitted that Athens will need a third bailout package to save it from bankruptcy. “In mid-2014 we will have to look at where we stand…[and see] if there is further need to support Greece,” said Martin Kotthaus, spokesman for Mr. Schaeuble, adding that “in principle the program for Greece is planned through until the fourth quarter of 2014.” Mr.

Maharashtra finance department launches austerity drive

And yet the finance department periodically receives proposals for fresh recruitments, projects and liabilities from other departments,” the letter said. “Therefore, deputy chief minister Ajit Pawar (who also holds the finance portfolio) has instructed that only proposals of paramount importance should be sent for consideration. All proposals should be scrutinized carefully and presented to the finance minister only in exceptional cases,” it added. Maharashtra’s debt burden on March 31, 2013 was Rs 2.46 lakh crore.

The experts meeting on scaling up funding formitigation and adaptation in developing countries was not expected to herald any new spending commitments, but it appears progress towards determining targets or scaling up contributions has stalled. No-one wanted to touch on this issue, Oxfam Policy Advisor Jan Kowalzig told RTCC. No-one really understands what this commitment [of US$100 billion] means, because the conditions around it are so fudged, and this is being used as an excuse for not moving forward. This weeks gathering was the latest in the series organised by the UN to thrash out ways of generating flows of long term funding for climate projects in the developing world. Developed countries provided around US$30 billion between 2010-2012, but subsequent contributions have been limited. The UK says it can deliver US$6 billion until 2015, while Denmark, Germany the EU and USA have also made pledges, but analysts say these fall short of what is required.

Democrat Seeks Tea-Party Support in Campaign Finance Lawsuit

The IRS currently allows such organizationsa class of power players known as “tax-exempt 501(c)4s,” whose ranks include Karl Rove’s Crossroads GPS and the Obama-aligned Priorities USAto dabble in political advocacy, so long as they keep such activities secondary to their general charitable work. But Van Hollen says that such a “primary charitable, secondarily political” arrangement leaves open a loophole for overtly political organizations to exploit benefits intended to be reserved for charities. Chief among those benefits is that 501(c)4s do not have to disclose their donors, and so corporations, unions, and other groups can pour money into advocacy efforts without fearing public backlash, or indeed any public scrutiny at all. Hoping to lift the curtain on political spending, Van Hollen wants the IRS to rewrite its rules to require 501(c)4s to engage exclusively in social-welfare activities, and keep out of political spending entirely. If the groups want to get into politics, they should register under a different nonprofit classificationknown as 527sthat would protect the groups from taxation but require them to disclose all of their donors.

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