I like how you avoid question..(ch) you conveniently criticize and never offer explanations..
what makes you think that unemployment will start coming down?

which question? to explain what's wrong with SoX?
I do SoX compliance for living.. so to me it's actually good..
it's bad for every company tho.. the regulations from sox are so complex not even auditors understand the scope of what needs to be done. Anyway, it would take too long to explain why SoX is wrong, it's enough to say that companies chose to list in europe just to avoid being a subject to sox.

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Человек, который почувствовал ветер перемен, должен построить не щит от ветра, а ветряную мельницу

unemployment will start coming down because it can only go up so much
natural business cycles are stronger then what government can do to fuck with them.

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Человек, который почувствовал ветер перемен, должен построить не щит от ветра, а ветряную мельницу

твои слова Богу в уши насчет безработицы..только мне кажется, что they keep digging the hole deeper and deeper with wanting to spend more and more, and tax more..now they want second stimulus with the 200 bil returned from TARP..instead of reducing the deficit..
but Obama getting re-elected, God forbid..but reps don't have anyone really good..I recently like Pawlenty, and he is getting ready to run..

enough to say that companies chose to list in europe just to avoid being a subject to sox
Нмм..really? I thought it was done for tax purposes ;-)
Maybe if they list in Europe to avoid SoX then they have something to hide?
If I am not mistaken SoX was trigger by Enron and WorldCom/MCI collapses. No?
The only disadvantage of complying with SoX is extra labor = extra cost, but hiring a few extra accountants and auditors would hardly make company re-incorporate in Europe. IMHO

Slavik, really?
1) where you list does not affect your tax rates.
2) for some companies sox compliance means changing their entire business from operations to reporting.
3) sox has not stopped fraud, in fact there have been an escalating financial fraud in the last 5 years ( although it may have something to do with regulatory agencies being totally brain dead ).
4) The worst problem of sox is not even the extent of regulations but how ambiguous it is. And the government can interpret those rules any way they want to at any point and you have to change your policies based on the latest interpretation.

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Человек, который почувствовал ветер перемен, должен построить не щит от ветра, а ветряную мельницу

unemployment will start coming down because it can only go up so much :-)
***********.theonion.com/content/news/labor_dept_available_labor_rate

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Хочу лето (или нормальную зиму)

Mike, my company just moved the "headquarter" from Bahamas to Ireland. Do you think they are avoiding SoX?

Slavik, ok in my experience with compliance ( which i have done for several years - including HIPPA, SOX, other local and industry specific articles ).
1) nothing EVER works as intended.
2) policies are written by lawyers without involvement of industry experts
3) nothing good ever happened from a stupid reactive policy.
Now, regulations and policies are a good thing WHEN DONE RIGHT.
In order to do them right you have to involve industry experts (NOT LOBBYISTS AND LAWYERS ) and they should be forward looking - not reactive.
That's just my opinion of course

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Человек, который почувствовал ветер перемен, должен построить не щит от ветра, а ветряную мельницу

Fair enough ...
But in my experience with SoX, we stopped doing some questionable things ... like invoicing before shipping to make numbers look better ... to name few