PRINCETON – The international system of economic governance is at a turning point. After 70 years, the Bretton Woods institutions – the International Monetary Fund and the World Bank –appear creaky, with their very legitimacy being questioned in many quarters. If they are to remain relevant, real changes must be made. The IMF, in particular, […]
Article by Larry Smith & Ken Euwema | Featured on Journal of Accountancy As a part of the response to the call for increased transparency and accountability among not-for-profit entities (NFPs), FASB has taken on a project to improve the existing NFP financial reporting model. The goal is to improve the usefulness of NFP financial statements by […]
Article by Bobbi Rebell | Featured on Reuters Another Millennial myth may be biting the dust. Apparently, Millennials have better retirement saving habits than Baby Boomers. Millennials save 8 percent of their paycheck for retirement, according to a recent survey from T. Rowe Price. Baby boomers are just slightly ahead at 9 percent. The only […]
Article by Vicki Needham | Featured on thehill.com | Image Credit: TungCheung / Shutterstock.com Citibank will pay $700 million to 8.8 million consumers for illegal credit card practices as part of a settlement with a federal government watchdog. The Consumer Financial Protection Bureau (CFPB) said Tuesday that Citibank and its subsidiaries engaged in deceptive marketing […]
Great article about how to handle taxing food and lodging provided by your employer. Article by Alan D. Campbell, CPA, Ph.D., and Dena S. Mitchell, CPA on Journal of Accountancy Gross income generally includes the fair market value (FMV) of meals and lodging received from one’s employer. However, Sec. 119 allows an employee to exclude […]
Article by Ashlea Ebelling | Featured on Forbes | Featured Image by Rena Schild / Shutterstock.com Today’s historic Supreme Court decision, Obergefell v. Hodges, affirmed a constitutional right to same-sex marriage in all 50 states, opening up tax, estate planning and employee benefits opportunities for couples in the 13 states that have not permitted same-sex marriage. […]
NEW HAVEN – In the late 1980s, there was intense debate about the so-called productivity paradox – when massive investments in information technology (IT) were not delivering measureable productivity improvements. That paradox is now back, posing a problem for both the United States and China – one that may well come up in their annual […]
PARIS – In 1983, the American economist and Nobel laureate Wassily Leontief made what was then a startling prediction. Machines, he said, are likely to replace human labor much in the same way that the tractor replaced the horse. Today, with some 200 million people worldwide out of work – 30 million more than in […]
Original Article by Jeff Cox on CNBC American companies kicked off the summer with modest growth in hiring, sending nonfarm payrolls up 223,000 in June, according to Labor Department numbers released Thursday. In addition to the payroll growth, the unemployment rate ticked lower to 5.3 percent from 5.5 percent, due largely to a sharp decline […]
BURNSIDE 26 – IMAGE: Cameron Browne Why the Apartment Buildings You Hate Are Good For the City. They pop up seemingly overnight, multiplying faster than food carts on every street corner in the city. Just a whisper of them transforms normally mild-mannered Portlanders into fire-breathing Trotskyites. Politicians and economists can’t stomp them out. They make […]