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“Accounting…and…accountability” – these are clearly linked terms with common meaning that emerged along with the modern capitalist system, deriving from Middle European languages and cultures. “Accounting,” (says Webster’s New Collegiate) is derived from the medieval, “to tell…” -- as today’s accounting systems are designed to “accurately tell the story” of an organization’s financial condition.
News & Updates
August 28, 2015 Economy in U.S. Grew More Than Forecast in Second QuarterSource: Bloomberg
The economy grew more than previously estimated in the second quarter on bigger gains in consumer and business spending that show the U.S. expansion got back on track. A surge in inventories also signals such strong growth will...
August 28, 2015 Jackson Hole: The Good, the Bad, and the DataSource: ETFDB.com
Over the next three days, Wall Street will turn its attention to Jackson Hole, Wyoming, where the Federal Reserve Bank of Kansas City will host its annual economic policy symposium.
August 28, 2015 European shares ease back after rollercoaster week
Reuters - The euro zone's blue-chip Euro î??STOXXî?? 50 index fell 0.1 percent while Germany's DAX weakened 0.3 percent, with the DAX some 16 percent below a record high reached in April. Fears of a slowdown in global...
Research & Insights
Popular consumer brands Discovery Communications, Chipotle Mexican Grill and CVS Health Corp pay their chief executive officers more than a thousand times what they pay their typical worker, giving them the biggest internal pay...
August 26, 2015 Farm income seen falling 36% in 2015Source: CNBC
U.S. farm income is forecast to decline 36 percent in 2015, worse than originally projected—and representing the lowest farm income since 2006, according to the government.
August 18, 2015 Chief executives earn '183 times more than workers' (UK)Source: BBC News
A report by the High Pay Centre, a think tank which monitors income distribution, shows that top bosses earned on average £4.964m in 2014. That compares to £27,195 median pay for a full-time employee in 2014, according to...
Commentary & Opinion
August 27, 2015 Bruising sell-off tests market faith in central banksSource: Reuters UK
A bruising 48-hour sell-off in global stocks driven by fears of slowing growth has rocked market confidence in central bankers' ability to fight deflation, restore economic health and keep a six-year-old bull run going.
August 26, 2015 Regan: Markets' wild ride to get even bumpierSource: USA Today
After more than six years of a Fed-induced sugar high, Wall Street is waking up to the realization that stocks are too richly valued.
August 26, 2015 Prowling bear won't maul U.S. stocks: Wall StreetSource: USA Today
One-thousand-point daily drops for the Dow. The first 10% correction for the broad U.S. stock market in four years. Fear and panic on the rise on Wall Street. Is a dreaded bear market, or drop of 20%, next?
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