Did you know that roughly 50 percent of employees have no retirement savings at all? In an effort to increase the number of Americans who are saving for retirement, a bill known as the Automatic IRA Act of 2010 has been introduced in the Senate by Sen. Jeff Bingaman (D-NM) and in the House by… Read more »
Posts Categorized: Uncategorized
Interesting News for IFRS Nay-sayers
While reviewing the proposed expansion of the International Financial Reporting Standards for accounting, Tim Bush, a member of the “Urgent Issues Task Force†that scrutinises the work of the Accounting Standards Board (ASB), claims to have uncovered “fatal†and “dangerous†flaws in the system. Mr. Bush alleges the regulations, and specifically the way they have… Read more »
Power to the Shareholders
According to a new report from the Wall Street Journal, shareholders have won a victory in obtaining greater clout to place directors on corporate boards. This is part of the the “shareholder rights” movement that has been chipping away the power from top executives in U.S. run corporations. However, the Journal also predicts skirmishes ahead by public… Read more »
What’s up with Hulu?
According to the New York Times, Hulu is approaching investment banks to underwrite an IPO this fall valuing the company at $2 billion. What is Hulu? Hulu is an online video service that offers a selection of hit shows, clips, movies, and more at Hulu.com and numerous destination sites online and across four screens —… Read more »
Reform Bill Targets Credit Raters
On Thursday, May 13, 2010, the U.S. Senate took steps to overhaul the credit-rating agency business, which is widely maligned for its role in the 2007-2009 financial crisis. An amendment by Democratic Senator Al Franken passed for a government clearinghouse to be set up to assign debt rating duties to agencies, with federal regulators developing… Read more »