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Daily Archives: September 22, 2011

CCH Tax Briefing on President Obama's Deficit Reduction Plan

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Obama Aims For $1.5 Trillion In New Tax Revenue To Reduce Deficit, September 21, 2011

  • “President Obama unveiled a $3 trillion federal budget Deficit Reduction Plan on September 19, 2011 including $1.5 trillion in tax increases. Th e President’s Deficit Reduction Plan (“Living Within Our Means and Investing in the Future: The President’s Plan For Economic Growth and Deficit Reduction”) makes good on his pledge to produce a balanced deficit reduction package, one that combines spending cuts with revenue raisers. Increased taxes on higher income individuals would account for a significant portion of the revenue raised under the President’s Deficit Reduction Plan. Other areas targeted for tax hikes include the oil, gas and coal industries, certain international activities and more.”

    • Check Point Survey Reveals Nearly Half of Enterprises Are Victims of Social Engineering

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    News release: “Check Point® Software Technologies Ltd. announced the results of a new report revealing 48 percent of enterprises surveyed have been victims of social engineering, experiencing 25 or more attacks in the past two years, costing businesses anywhere from $25,000 to over $100,000 per security incident. The report, The Risk of Social Engineering on… Continue Reading

    New GAO Reports: DOD Financial Management, DHS and TSA New Technologies, Incapacitated Adults, Recovery Act Education Programs

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    DOD Financial Management: Weaknesses in Controls over the Use of Public Funds and Related Improper Payments, GAO-11-950T, Sep 22, 2011 Homeland Security: DHS and TSA Acquisition and Development of New Technologies, GAO-11-957T, Sep 22, 2011 Incapacitated Adults: Improving Oversight of Federal Fiduciaries and Court-appointed Guardians, GAO-11-949T, Sep 22, 2011 Recovery Act Education Programs: Funding Retained… Continue Reading

    DNI Report on Security Clearance Determinations September 2011

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    Steven Aftergood: “The number of persons who held security clearances for access to classified information last year exceeded 4.2 million — far more than previously estimated — according to a new intelligence community report to Congress. The report, which was required by the FY2010 intelligence authorization act, provides the first precise tally of clearances held… Continue Reading

    NOAA researchers release study on emissions from BP/Deepwater Horizon controlled burns

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    News release: “During the 2010 BP/Deepwater Horizon Gulf oil spill, an estimated one of every 20 barrels of spilled oil was deliberately burned off to reduce the size of surface oil slicks and minimize impacts of oil on sensitive shoreline ecosystems and marine life. In response to the spill, NOAA quickly redirected its WP-3D research… Continue Reading

    Symantec Survey Finds Emails Are No Longer the Most Commonly Specified Documents in eDiscovery Requests

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    News release: “Symantec Corp. announced the findings of its 2011 Information Retention and eDiscovery Survey which examined how enterprises manage their ever-growing volumes of electronically stored information and prepare for the eventuality of an eDiscovery request. The survey of legal and IT personnel at 2,000 enterprises worldwide found email is not the primary source of… Continue Reading

    One Hundred Billion Problem in Small Claims Court: Robo-Signing and Lack of Proof in Debt Buyer Cases

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    The One Hundred Billion Dollar Problem in Small Claims Court: Robo-Signing and Lack of Proof in Debt Buyer Cases, Peter A. Holland, University of Maryland School of Law “Recent years have seen the rise of a new industry which has clogged the dockets of small claims courts throughout the country. It is known as the… Continue Reading

    Report Provides Guidelines for Dilemmas of Account Deactivation and Content Removal

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    “A report released today by the Center for Democracy & Technology and the Berkman Center for Internet & Society highlights the dilemmas companies and users face when enforcement of a website’s Terms of Use policy results in deactivation of user accounts or removal of user-generated content. The report recommends principles, strategies, and tools that both… Continue Reading

    FINCEN: Identity Theft Trends, Patterns, and Typologies Based on Suspicious Activity Reports

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    Identity Theft – Trends, Patterns, and Typologies Based on Suspicious Activity Reports. Filed by the Securities and Futures Industries January 1, 2005 – December 31, 2010. Report released September 2011. “This report focuses on identity theft in the securities and futures industries. Based on Suspicious Activity Report by the Securities and Futures Industries (SAR-SF) filings,… Continue Reading

    Patent Reform Unleashing Innovation, Promoting Economic Growth & Producing High-Paying Jobs

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    House Committee on the Judiciary: Background on H.R. 1249, the America Invents Act: “On June 23 the House overwhelmingly approved HR 1249, the America Invents Act, by a vote of 304-117. H.R. 1249 updates our patent system to encourage innovation, job creation, and economic growth. The last major patent re­form was nearly 60 years ago.… Continue Reading