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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
April 24, 2019 Climate change makes poor countries poorer, widening global inequality, researchers saySource: CNN
Climate change is having a serious impact on economic growth across the world — and it's worse for poor countries that already had a lot of catching up to do, according to a new study.
April 24, 2019 U.S. Wheat applauds WTO ruling against ChinaSource: Capital Press
A World Trade Organization dispute settlement panel has found that China administered its tariff-rate quotas for wheat, corn and rice inconsistently with its WTO commitments. As a result, the nation imported billions of dollars...
April 24, 2019 Barclays shareholders urged to vote against executive pay over 'inadequate' response to whistleblowing scandalSource: CityAM
Shareholder advisory group ISS criticised the measures taken by the bank following Staley’s attempts to unmask a whistleblower in 2016 and advised shareholders to vote down the remuneration report at the bank’s AGM on 2 May.
Research & Insights
Source: Fox Business
According to a new survey released Monday by GoBankingRates.com, a whopping 68 percent of millennials polled either “agree” or “strongly agree” that they have had more – and tougher—financial obstacles than past cohorts.
Source: Bloomberg L.P.
Investors will get a welcome health-check on the U.S. economy this week as markets fret it’s looking increasingly recession-prone. The next seven days are packed full of key data with reports on retail sales and...
March 28, 2019 Animation: The Biggest Economies in 2030Source: Visual Capitalist
By 2030, the complexion of the global economy could look very different than it does today. According to recent projections from Standard Chartered, a multinational bank headquartered in London, the next decade will see emerging...
Commentary & Opinion
April 23, 2019 Opinion: Tech giants made so much money in 2018 that 2019 is bound to look pretty badSource: MarketWatch
Get ready for the phrase “tough compare” to be muttered by dozens of executives and analysts as earnings season hits high gear this week, because growth was so strong in 2018 that 2019 is bound to look bad by comparison. The...
April 22, 2019 Strong stock and bond markets at odds over global growthSource: Reuters
Stocks and bonds around the world have rallied atypically together since the start of the year, rewarding investors both bullish and bearish on the direction of global growth.
Global fund managers are the gloomiest on growth in nearly three years, with 66% expecting below-trend growth and low inflation, according to a Bank of America Merrill Lynch survey.
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