Judgment Day for Revenue Recognition: You’ve Been Warned Massive, looming changes in how companies must record revenue could mean higher reported profits for many firms in a couple of years—particularly those in the tech sector—but huge efforts will be required to implement the new rules and it could take years before public companies understand the…
The Best, and Worst, Countries to Do Business In Every year, the World Bank evaluates countries on a variety of factors regarding the day-to-day economic functions that influence whether entrepreneurs and businesses can prosper there, and the result is a ranked list of how “easy” it is to do business in 189 countries. The list is one…
The Five Trillion Dollar Hole Alaska leads the US with the greatest per-capita public pension debt. (Image Credit: Wikimedia / CC) U.S. government officials don’t hesitate to lecture foreign governments who are running up big debts about the need to live within their means. Yet in some ways, the spending habits of U.S. states are far…
Watch Out For FATCA: The Long Arm of the IRS Now Reaches Overseas Offshore bank accounts are popular in spy movies, but since last July they’ve gotten a different kind of attention. Thanks to the U.S. government’s Foreign Account Tax Compliance Act (FATCA), this tax season could be a bloodbath for some investors. You may…
Is the Gender Gap Turning Around? Gender diversity in the tech sector has been all over the news recently, but a new study is threatening to turn some of the controversy on its head. Glassdoor is a social website popular in the technology industry that lets employees comment anonymously on their employers and also report on…
The World Stock Markets that Captivated Us in 2014 Last year, it paid to be in stocks only if you were in the right world market. Stocks outperformed bonds in many world markets, but lost ground in others. In the U.S. the S&P 500 was up 11.8% on the year. But it wasn’t the best-performing…
Brazil’s Taxing Dilemma Dilma Rousseff recently won re-election but faces a difficult economy and a complex tax system. (Image Credit: Wikimedia/CC 3.0 ) Brazil is one of the world’s largest emerging economies. Home to the World Cup last summer, the Olympics in 2016, vast natural resources, and 200 million people, Brazil is an attractive location for business…
London’s Oxford Street: Shopping as an Art Form Black Friday—the day after Thanksgiving—is a major shopping phenomenon in the U.S., now spreading to the rest of the world. Yet malls in America are forecast to be quieter this holiday season than in previous years, as more people shop online. But in some places, holiday shopping…
From Alaska to Arkansas to L.A., U.S. Voters Vote for Higher Minimum Wages Rallying to raise the minimum wage (Image Credit: Flickr by The All-Nite Images / CC) In August we reported on the growing movement across the U.S. to raise state and city legal minimum wage levels. We observed that in a global economy, higher…
The Alchemy of Science Education Alchemy is the medieval science of trying to turn cheap metal into gold, or more philosophically, the act of magically turning something of lesser value into something of greater value. Not many people are familiar with the word alchemy, but alchemy is exactly what the United States is hoping to…
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