It is actually possible to track every single dollar of our massive government spending and to share that information between Federal agencies, in real time – and with the public. This is the level of transparency that everyone is crying for, but few people within the government are aware yet that the solution is available, and “shovel ready.”
20 years ago, Tim Berners-Lee invented the World Wide Web. Now he’s building a web for open, linked data that could do for numbers what the Web did for words, pictures, and video: Unlock our data and reframe the way we use it together. Read the rest of this entry »
Not waiting for the Federal government to set the standard for improved transparency and better communications with the public, Nevada’s Controller Kim Wallin is leading the way in adopting Extensible Business Reporting Language (XBRL) for a number of the state’s business processes. Read the rest of this entry »
The CFA Institute, a global, not-for-profit association of investment professionals, is offering a white paper for investors who currently musts navigate a winding and uneven path in order to collect the financial information they need to make informed decisions. Read the rest of this entry »
General Motors recently announced that Edward E. Whitacre Jr., will become the new chairman when, and if it emerges from bankruptcy. What other transportation-related company is Mr. Whitacre associated with:
A. Ford Motor Co.
B. International Truck and Engine Corp.
C. Burlington Northern Santa Fe Corp.
D. Was already at G.M. back in 2005 Read the rest of this entry »
EDGAR Online continues to make improvements based on users’ feedback, and the newest features affect all subscribers: I-Metrix, EDGAR Pro, and EDGAR Access. We are pleased to announce the following enhancements: a new quick link to the Risk Factors section, additional navigation on the Company tab for Mutual Funds to link to past prospectuses, and the ability to filter for as-reported XBRL-tagged data. Read the rest of this entry »
The original developers of XBRL envisioned a ‘killer app” that would free the business data locked in text-based documents. But acceptance of the new data format in the conservative world of corporate accounting required a mandate from the U.S. Securities and Exchange Commission. The SEC’s new rules are about to kick in, starting with the biggest public companies, who must report their first quarter 2009 reports as interactive data. Are they ready to comply? Is the SEC still behind XBRL? Read the rest of this entry »
Construction has begun on many “shovel ready” projects, but the size and scale of the Federal stimulus package is too big for any one reporter or newspaper to investigate. Now, local citizens are being asked to go online and report on the progress of local construction projects, to collectively monitor how our tax dollars are being used. Read the rest of this entry »
Not everyone has a background in finance – even fewer want one – but each of us struggles toward some understanding of what money is and what is happening with our economy. So we were intrigued by the insightful musings of a Buddhist-leaning photographer who has apparently managed to live a full life without the aid of a single spreadsheet. Is this possible? Read the rest of this entry »
Reducing risk and cost by improving investor communications is the focus of the Corporate Actions 2009 conference in New York City on May 28. Participants will examine the business case and be introduced to a new technology prototype for corporate actions data using XBRL (eXtensible Business Reporting Language). Read the rest of this entry »
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