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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
Source: Fox News
BRUSSELS – European Council President Donald Tusk pledged Friday that the EU's 27 remaining member nations would remain unified despite Britain's decision to leave even though the future of the bloc is uncerta
June 24, 2016 EU Reels as Britain Exit Vote Ushers in Deep UncertaintySource: ABC News
European Union leaders were reeling Friday after Britain's shock vote to leave the bloc plunged the EU into deep uncertainty, not least over how to negotiate the unprecedented departure of a member state
June 24, 2016 Factbox: The consequences of the Brexit referendumSource: Reuters
Britain is expected to submit an application to leave the European Union following Thursday's referendum, after which it would have two years to negotiate an exit
Research & Insights
June 19, 2016 Four Key Market Charts To See Before MondaySource: Forbes
After a shaky few days for markets last week, we went into the weekend with some relative calm on Friday. This coming week the UK vote on leaving or staying in the European Union will dominate the market focus
Source: Telegrapg (UK)
The British public is increasingly isolationist in outlook despite Britain’s long history of empire and influence in the post-War global order, a new survey of Europe has found.
Source: Washington Post
The Internal Revenue Service has been so slow to adapt to the emerging peer-to-peer economy that billions of dollars in taxable income a year are probably going unreported, according to a study being delivered to Congress this...
Commentary & Opinion
June 20, 2016 What Financial Markets Are Saying About InflationSource: Seeking Alpha
The Federal Reserve has scaled back on its interest rate forecast for the next several years. Official projections indicate that FOMC members still believe that the effective federal funds rate will be at 0.9 percent by the end...
Source: Stock Transcript
Throughout the seven-year old U.S. expansion, as the unemployment rate tumbled from a peak of 10% in 2009 to a low of 4.7% last month, policy makers have been focused on the slack in the labor market. Yes, slack.
Source: Value Walk
This paper explores the recent idea that a stock’s investors ex ante price the risk that large fire sales by liquidity-shocked blockholders will trigger negative price impacts, also known as “fire sale risk”. Contributing to this...
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