It’s exciting to see how quickly even large companies move when a potential solution is in sight and the motivation is strong. The IBM Data Governance Council is calling for the creation of an XBRL “risk taxonomy” – by year’s end – for the reporting and assessing of risk by financial firms. 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 »
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 »
This edifying/depressing podcast explains Naked Short Selling and shows Wall Street’s top regulator to be not “all that interested in regulating anything.” The full episode is called “Enforcers”, produced by This American Life radio show’s Alex Blumberg. Read the rest of this entry »
In 35 years, automatic payments for entitlement programs will leave nothing left for the government to pay for basic responsibilities like defense and homeland security. That’s the stark word from the U.S. Treasury about the looming cost of entitlement programs. The department has issued an 8-page, illustrated, “Citizen’s Guide” that tells the scary story in clear language intended for a broad audience. Read the rest of this entry »
Here are four, short “must read” reports that can improve both your social and professional skills. Our recommended reading will help you in a variety of ways, to 1) start lively, memorable conversations, 2) talk to the CEO about how XBRL will affect everyone’s role 3) prevent the IT department from taking over, and 4) stay in-the-know with the year’s best ideas in accounting. Read the rest of this entry »
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