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Senate Panel

All articles tagged with #senate panel

sports2 years ago•1 min saved

PGA Tour Officials Testify to Senate Panel on LIV Merger

Two officials from the PGA Tour have agreed to testify before a U.S. Senate panel regarding the tour's merger with Saudi-backed LIV Golf, while LIV officials have declined to appear. The merger between the PGA Tour, DP World Tour, and LIV Golf aims to form a unified commercial entity. The LIV Golf series is funded by the Saudi Arabia Public Investment Fund, which has faced criticism for its human rights record. Senators have requested the CEO of LIV Golf and the governor of the Saudi Public Investment Fund to testify, but they declined due to scheduling conflicts.

via ESPN|

#liv-golf #merger #pga-tour

technology2 years ago

OpenAI CEO Sam Altman testifies before Senate panel on A.I. regulation

Sam Altman, CEO of ChatGPT, testified before a Senate panel examining the ethical implications of artificial intelligence. Altman emphasized the importance of transparency and accountability in AI development and deployment, as well as the need for collaboration between government, industry, and academia to ensure responsible AI practices.

via The Wall Street Journal|

#artificial-intelligence #chatgpt #ethics

finance2 years ago•2 min saved

Credit Suisse Accused of Aiding Tax Evasion Scheme for Wealthy Americans

Credit Suisse helped ultra-wealthy Americans evade taxes by hiding millions in assets, violating a 2014 plea agreement with U.S. authorities, according to a Senate panel report. The report found that Credit Suisse failed to report the transfer of $100 million in accounts of a U.S. family with dual citizenship to offshore accounts without notifying the Justice Department. Credit Suisse has implemented policies to root out individuals seeking to hide assets from U.S. tax officials and said it does not tolerate tax evasion. The bank is being acquired by UBS under a deal engineered by the Swiss government.

via The Washington Post|

#credit-suisse #finance #offshore-accounts

politics2 years ago•1 min saved

SC Comptroller General to Resign Following $3.5B Accounting Error

South Carolina Comptroller General Richard Eckstrom has resigned after being found responsible for a $3.5 billion accounting error and facing potential removal from office. Eckstrom, who held the role for 20 years, was accused of "willful neglect of duty" by a Senate panel investigating the error. The error was not realized for several years until a junior staffer fixed it last fall. The State Senate was set to vote on a measure to oust Eckstrom from the elected position on April 11.

via New York Post |

#accounting-error #comptroller-general #politics