Posts Tagged: Federal wage and hour legistlation

Is this really about Saving America’s Past Time?

Posted by & filed under Accounting Information Systems, Accounting Principles, All Articles, Auditing, Cost Accounting, Ethical Dilemma, Financial Accounting, Intermediate Accounting, Managerial Accounting, Video Updates.

U.S. Representatives Brett Guthrie (R-KY) introduced a bill misleadingly called the “Save America’s Pastime Act,” with the sole purpose of excluding Minor League Baseball (MiLB) players from regulation under federal minimum wage and overtime requirements. Questions: 1. What is Mr. Guthrie’s reasoning for exempting the pay of Minor Leaguers from Federal pay laws? 2. What… Read more »

Oh, The Times They are A…Changin’

Posted by & filed under Accounting Information Systems, Accounting Principles, All Articles, Auditing, Cost Accounting, Ethical Dilemma, Financial Accounting, Fraud Accounting, Intermediate Accounting, International Accounting, Managerial Accounting.

While the authorities in southwestern China apparently thought their Cultural Revolution-style “shaming” was still effective, they found out how it backfired in the current economy and environment. As officials paraded eight workers through the streets, who had demanded back wages, the public turned the tables on officials and instead called for deadbeat bosses to be… Read more »