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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 17, 2018 Trump declares opioids from Mexico, China 'almost a form of warfare,' tells Sessions to sue drug makersSource: Fox News
Calling opioids coming into the U.S. from China and Mexico "almost a form of warfare," President Trump on Thursday urged Attorney General Jeff Sessions to investigate foreign sources of fentanyl that he said are "killing our...
Source: The Street
Stocks surged on Thursday, Aug. 16, after China said it was set to resume trade talks with the United States and Walmart Inc. (WMT) topped earnings estimates and raised full-year guidance. The Dow Jones Industrial Average rose...
August 17, 2018 Tesla said to seek number 2 exec as Musk’s behavior angers boardSource: The Verge
Tesla is said to be looking for a COO or other number 2 executive to work directly under Elon Musk following concerns over the CEO’s recent erratic behavior, according to a report in The New York Times. Musk told the Times in an...
Research & Insights
August 6, 2018 Just Stop It. The Elderly Are Doing Fine.Source: Mother Jones
But can we drop this endless scaremongering about a massive increase in elderly bankruptcies obtained solely by cherry picking the starting year and providing no surrounding context?
July 20, 2018 People of all ages define the American Dream the same way — but millennials take it one step furtherSource: Yahoo Finance
The American Dream is alive and well.Nearly 60% of respondents surveyed in Bank of the West's 2018 Millennial Study believe they have attained the American Dream or believe that it's still attainable today.
The New Gilded Age finds — no surprise — that income inequality in the United States “has risen in every state since the 1970s.” The surprise comes from the numbers that cover 2015, the most recent year with full stats available....
Commentary & Opinion
August 13, 2018 Trump's trade war advantage: The US economy is 'firing on all cylinders,' says expertSource: CNBC
China's power may have been overrated and the U.S. economy is staying strong, meaning that U.S. President Donald Trump has an advantage in the trade war, according to one expert.
Source: Seeking Alpha
Model 3 US market share for the midsize luxury category surpassed all competitors combined. This was outlined in the shareholder newsletter but also mentioned again in the call. This means the majority of cars sold in this...
Source: NY Post
While Zuckerberg spent the first half of 2018 listening to but not really hearing complaints about how Facebook mishandles user data, it’s a good bet he’s listening now. All told, Thursday’s trading vaporized $119 billion of the...
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