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Spend Analytics’ Real-Time Visibility Problem

“As procurement explores which technologies to embrace, the goal is becoming clearer: digitize data for real-time spend analysis” reports pymnts.com. For ProcurePort, that means artificial intelligence (AI), a technology that Deloitte’s report found to have significant potential in the area of real-time spend analysis by predicting demand, costs and supply sources.In pursuit of access to real-time spend data, there is an array of strategies the enterprise can deploy, rather than undertaking an entire, end-to-end transformation process of the procurement function.This is the point of friction that ProcurePort aimed to address…

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US political spending getting more secretive with IRS change

“Many of them have been able to ramp up their political spending without publicly disclosing the sources of their money” writes The Associated Press for seattletimes.com. Political spending in the U.S. is about to become even more secretive after the IRS this week dropped a requirement that many nonprofits have to provide lists of their major donors. Source: seattletimes.com Share This:

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R&A: Amateur game key to closing gender pay gap in pro golf

“The growth of women playing golf, women working in golf, and families playing golf, is critical to the long-term growth of the amateur game” writes Midwest Communications Inc for 95kqds.com. The R&A, who run the sport worldwide along with the United States Golf Association, said the way to address the imbalance was to focus on the amateur game.Total prize money at this week’s British Open is $10.5 million but the purse for the women’s equivalent next month is only $3.25 million.”We absolutely want to drive up the prize money for…

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Dark money lurks at the heart of our political crisis

“Dark money is cash whose source is not made public, and which is spent to change political outcomes” writes George Monbiot for theguardian.com. While dark money has been used to influence elections, the role of groups such as the IEA is to reach much deeper into political life.A mere two millennia after Roman politicians paid mobs to riot on their behalf, we are beginning to understand the role of dark money in politics, and its perennial threat to democracy.I see them as the means by which money comes to dominate…

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Elon Musk is donating a lot more money to the GOP than he is to the Dems

“Oh, and in case you were wondering, Elon Musk, in the grand tradition of wealthy men who love their money but don’t want to feel bad about it, classifies himself as an “independent.”” writes Keith Wagstaff for mashable.com. Apparently, that’s a better way to spend your money than, you know, helping the campaigns of Democrats who might replace them. Source: mashable.com Share This:

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Corruption Currents: Ex-Lawmaker Convicted in New York Retrial

“Police said the company is cooperating. (Guardian, Guardian, Guardian) The operators of a Malaysian mall are accused of bribery after failing to pay an electric bill” writes Samuel Rubenfeld for wsj.com. His lawyer wasn’t available to comment. (NJ) The president and chief executive of a medical device company was charged with fraud and money laundering. Source: wsj.com Share This:

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Markets News 

Here’s one more factor that could add to emerging-market headwinds

“Emerging markets have been struggling with rising global interest rates and stronger dollar, among other bearish factors, in 2018” writes Anneken Tappe for marketwatch.com. They are also both skewed to the ‘hot money’ side of the IIF chart.Between 2015 and 2016, hot money EM flows began to accelerate rapidly “such that they have been running as strong as in the run-up to the 2013 ‘taper tantrum’,” wrote the IIF economists.Lebanon’s pound actually rose 0.2% versus the U.S. dollar in 2018, but that might not be here to stay. Source: marketwatch.com Share…

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U.S. move to protect ‘dark money’ donors raises Russia concerns

“The conservative political group FreedomWorks urged Congress to enact legislation that would codify the policy change to prevent its reversal by a future administration” writes Midwest Communications Inc for 95kqds.com. WASHINGTON (Reuters) – A U.S. Treasury Department decision to safeguard the identities of so-called “dark money” donors to politically active nonprofit groups spawned warnings on Tuesday that the policy could inadvertently aid foreign actors, including Russia.The Trump administration’s Treasury said on Monday it will no longer require certain tax-exempt groups to disclose the identities of their donors to the Internal…

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