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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
October 17, 2018 EU leaders prepare hardball Brexit summit choice for MaySource: Reuters
BRUSSELS/LUXEMBOURG - European Union leaders will give British Prime Minister Theresa May a tough reception in Brussels on Wednesday, warning her to rally support at home for the Brexit deal on offer or be cut loose without one...
October 17, 2018 Netflix Keeps Adding Subscribers, and Market Investors Could ProfitSource: NY Times
The company on Tuesday reported that many more people signed up for its video-streaming service in the third quarter than expected. Netflix’s shares soared as much as 13 percent in the trading that takes place after regular...
October 17, 2018 Oil Prices Under Pressure As U.S. Shale Supply SoarsSource: Oil Prices.com
The big story in oil markets this week has been the escalating tension between the United States and Saudi Arabia, with many analysts suggesting that crude prices could head even higher if the fued reaches a boiling point.
Research & Insights
Moving abroad boosts the average worker’s income by $21,000, with the best-paid staff found in Switzerland, the U.S. and Hong Kong.
October 10, 2018 Trump’s trade war is hurting the global economySource: VOX
The International Monetary Fund (IMF) released a major report on Tuesday that projected the world’s economy will grow by 3.7 percent, which is 0.2 points lower than they had estimated in April. That’s the same rate of growth as...
October 10, 2018 Tampered Chinese Ethernet port used to hack ‘major US telecom,’ says Bloomberg reportSource: The Verge
A major US telecommunications company discovered a foreign implant in a server back in August, according to a new report by Bloomberg. It’s the first time a source has decided to go on the record to corroborate the claims made in...
Commentary & Opinion
October 17, 2018 Cramer: As long as the Fed doesn’t keep pushing rate hikes, stocks can keep rallyingSource: CNBC
"When the Fed bears are away, the stock bulls will play,” the “Mad Money” host said. “As long as the Fed doesn’t mandate a slowdown, you get what we had today and what I bet we could have tomorrow.”
The yield on the 10-year U.S. Treasury note is back up at 3.23 percent, hitting fresh multi-year highs. Bond yields – the amount they pay out to investors who hold them – move inversely to prices. So when bond prices decline, as...
October 8, 2018 One hundred years of ineptitudeSource: Asia Times
The global financial and economic crisis that began in 2008 was the greatest economic stress-test since the Great Depression, and the greatest challenge to social and political systems since World War II. It not only put...
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