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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
Chinese stocks rose on Monday, as an unprecedented series of support measures unleashed by Beijing brought some relief to a market whose headlong slide over the past three weeks had raised fears about the stability of the world's...
Source: The Guardian
Greece’s financial system is on the brink of meltdown: banks are reported to have only around €500m left in cash – equal to just €45 (£32) per head of the 11 million-strong population.
Greece's outspoken finance minister has resigned, hours after voters backed his call to reject creditors' demands for more austerity in a referendum.
Research & Insights
June 26, 2015 The halo effectSource: The Economist
“THERE is one and only one social responsibility of business,” wrote Milton Friedman, a Nobel prize-winning economist. “To use its resources and engage in activities designed to increase its profits.” Plenty of climate-change...
June 26, 2015 Greece's debt drama: What you need to knowSource: USA Today
European leaders have given Greece, and themselves, a Saturday deadline to reach a deal with Athens over loan repayments.
June 25, 2015 CEO Pay vs. Performance
Executive compensation is increasingly geared toward results, but some CEOs still got big paydays even when their investors didn’t do so well.
Commentary & Opinion
July 2, 2015 Is Tsipras a genius?Source: Politico
“Who’s going to pull the snake out of the hole?” It’s a common Greek expression that means: “Which fool can I get to stick his hand into the unknown? Who can I get to take a risk on my behalf?”
Source: The Guardian
It seems bizarre when Europe’s leaders have finally started to acknowledge that the EU faces its greatest existential crisis since its foundation in 1957. But, at this fateful moment, those who supported British membership of the...
The fall of oil and gas prices has taken a toll on energy stocks, but top hedge fund billionaires don’t seem to be worried. As crude oil prices dropped 11.7% in 2015, energy stocks have become less expensive along the way. The...
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