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War on Golf

4/30/2015

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Argentina recently initiated legal proceedings against three companies from Britain and two from the United States.  These corporations are accused of “performing illegal acts by entering Argentine territory.” (Argentina launches lawsuit against Falkland oil drillers, 2015)  Much like other island disputes between various nations, Argentina has given the islands a name of their own “Malvinas”, therefore claiming the territory.  The dispute over the British territory, Falkland Islands, heightened when an announcement was made of new gas and oil found north of the islands.  In 2013, British oil firms were banned by Argentina for drilling in this area.    

Officials must be punished for transgressions, or in this case oil exploitation on an island that Argentina would like to control.  In 1982, an Argentine invasion of the British controlled islands led to the Falklands War.  With a greater loss of life to Argentina, the islands have remained in British sovereignty since.  Argentina is as adamant about their claim to the islands as Russia was to the Ukraine, and President Putin supports similar action from their ally in regards to the “Malvinas.”

With concerns of dry wells, and estimated billions to be made on oil in the Falklands, there’s no denying tempers will flare over who owns the rights.  The British have increased their military presence in the Falklands with concerns of another Argentine invasion.  Argentina criticized Britain for their increased military presence, while claiming in March that Argentina had no plans to lease long-range military aircraft from Russia.  (Byrne, 2015)  The deals signed between Russia and Argentina last week revolves mostly around energy at this time.   

Argentina and the United Kingdom have been at odds for decades over the Falklands.  In order to avoid future rounds escalating to war there are some acts of common courtesy the players may observe.  Be sure all players involved in the match understand the stakes.  Know the local rules, or decide which sovereign nation is considered the local and follow their rules.  Avoid stepping on other player’s imaginary lines.  When the situation escalates, Argentina also has China’s support, a nation who has a different “war on golf” at home.  Will have to see how that one plays out before China joins this course.  


Works Cited 
Argentina launches lawsuit against Falkland oil drillers. (2015, 04 17). Retrieved 04 29, 2015, from BBC: http://www.bbc.com/news/business-32354222
Byrne, P. P. (2015, 03 25). Argentina criticizes Britain for military boost in Falklands. Retrieved 04 30, 2015, from The Washington Post: http://www.washingtonpost.com/world/the_americas/argentina-criticizes-britain-for-military-boost-in-falklands/2015/03/25/df690988-d334-11e4-8b1e-274d670aa9c9_story.html

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"The Showdown"

4/10/2015

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Off the expressway formed an investigation of a Central Florida investment advisor and Metro Orlando’s road building agency.  The SEC investigates whether the G-38 rule was violated, whether a middleman was paid to obtain or retain business.  Subpoenas were delivered in January 2015 to the parties of interest.  The investigation evolved after former members of the Orlando-Orange County Expressway Authority were found guilty of bribery in 2013.  Determining the meaning of this violation is about as blurry as double road lines. 

Over the river from the SEC’s Manhattan Office, an investigation was launched against Chris Christie in 2014.  This investigation had nothing to do with the traffic he held up, but rather the funds he diverted from Port Authority to New Jersey roadways.  Now a year later, there is no news on the outcome of the investigation.  Determining how such an investigation affects his possibilities for a 2016 presidential campaign is a bit foggy.

Through the “broken window” approach, the SEC began prosecuting minor offenses with the theory that stopping the small violations will deter white-collar criminals from engaging in large-scale fraudulent activity.  (Stoltmann, 2014)

Off the floor trades are the focus of a newly proposed amendment, which would require these high frequency traders become a member of a national securities association.  This would require a floor trader to assist with off-exchange orders under the theory that on-floor transactions carry less risk.  (Automated Trader, 2015)

Nothing but net is what an inside trader hopes to achieve.  Ex hedge-fund manager Todd Newman was said to have gained illegal profits of 4 million.  The outcome of the controversial case “United States vs. Newman” may make it harder to prosecute those who profit off inside information in the future.  The controversy developed from the definition of insider trading being too broad, since Newman’s 2012 conviction was recently overturned based on “prosecutors had been too aggressive in their interpretation of the law.” (Viswanatha, 2015) This set the stage for others to be free from charges of insider trading.  New rules regarding insider trading, “broken windows,” and off-exchange trading are meant to protect investors.  However, the greater the steps to avoid another economic collapse from financial fraud, the more static there is to keep the line between right and wrong fuzzy.      

Works Cited 
"The Showdown". (1993). Retrieved from Youtube: https://www.youtube.com/watch?v=1shK-j_u6LI
Automated Trader. (2015, 03 25). SEC proposes off-exchange traders join national securities association. Retrieved 04 09, 2015, from Automated Trader: http://www.automatedtrader.net/headlines/153475/sec-proposes-off_exchange-traders-join-national-securities--association
Stoltmann, A. (2014, 12 22). The SEC's "broken windows' strategy is misguided. Retrieved 04 09, 2015, from Pensions&Investments: http://www.pionline.com/article/20141222/PRINT/312229993/the-secs-quotbroken-windows-strategy-is-misguided
Viswanatha, A. (2015, 04 03). Court Decision Foils Insider-Trading Cases. Retrieved 04 09, 2015, from The Wall Street Journal: http://www.wsj.com/articles/court-denies-government-request-to-reconsider-insider-trading-decision-1428077927

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    My banter was on current affairs and ran from 2011 - 2016. I currently enjoy writing satire and horror shorts.

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