The accounting profession has been predicting labor shortages for a long time. According to the Bureau of Labor Statistics, some reasons for the growth of this job market are the changing financial laws and regulations and greater scrutiny of company finances – reasons that the current crisis is likely to bolster. Read the rest of this entry »
Regulation is not the answer; Wikinomics is. So argues authors Bob and Don Tapscott who challenge the financial services industry to open itself for peer review and improvement by the public. Tapping the collaborative wisdom of the crowd has resulted in such remarkable achievements as Wikipedia, the public human genome project, and Linux open-source software. The masses may have more power than the experts to restore long-term confidence. Read the rest of this entry »
Leaders from the world’s 19 largest economies and the European Union met in Washington D.C. for an economic summit last month and agreed on broad principles for preventing future economic crises. Without mentioning XBRL or any other financial formats, XBRL is clearly part of the solution they envision. Read the rest of this entry »
Google’s new Flu Trends tool can estimate flu activity in your state up to two weeks faster than traditional flu surveillance systems. Google researchers have found that certain search terms are good indicators of flu activity and the aggregated data is updated daily, state-by-state. Read the rest of this entry »
“Debt is like air,” says Margaret Atwood, “something we take for granted until things go wrong.” In her eerily prescient book, the internationally acclaimed author writes of the debtor/creditor relationship in the broadest sense – from pawnshops to human sacrifice. Madam Bovary’s real problem was not her adultery, explains Atwood, it was her bad credit. Read the rest of this entry »
We continue to improve EDGAR Online’s Online Subscriptions. Today we are happy to announce the following enhancements to mutual fund filings. Read the rest of this entry »
Instead of our regular Quick Quiz, we offer this mind-bending view of the current economic crisis, straight from a group of disembodied spirits. Read the rest of this entry »
There is so much public fascination with Warren Buffett that we actually found this 1,000-page biography being sold in a grocery store! From childhood, Buffett found solace with numbers and money, driven in part by a mother who regularly berated him as worthless. Read the rest of this entry »
Match the current value of your hypothetical $1000 investment to the correct company. With our apologies, here’s an old standard updated for the current investor. We think it’s worth forwarding. The companies are Airlines, AIG, Lehman Brothers, and Anheuser-Busch. The one-year yields are $214, $33, $49, and $0. Read the rest of this entry »
Facebook has over 500 investor groups that include tens of thousands of members – and the SEC wants to make friends. The SEC’s Office of Investor Education and Advocacy will appear on Facebook by year’s end, according to director Kristin Kaepplein, who has been exploring social media applications as a way for the SEC to improve communications with the investing public. Read the rest of this entry »
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