Obama Wins New Term as Electoral Advantage Holds [NYT]
Barack Hussein Obama was re-elected president of the United States on Tuesday, overcoming powerful economic headwinds, a lock-step resistance to his agenda by Republicans in Congress and an unprecedented torrent of advertising as a divided nation voted to give him more time. In defeating Mitt Romney, the president carried Colorado, Iowa, Ohio, New Hampshire, Virginia and Wisconsin, a near sweep of the battleground states, and was holding a narrow advantage in Florida. The path to victory for Mr. Romney narrowed as the night wore along, with Mr. Obama winning at least 303 electoral votes.
Democrats keep control of Senate [CNN]
Democrats will retain their control of the Senate after winning several closely contested races on Tuesday. While poll results were still being calculated in North Dakota and Montana, Democratic victories make a Republican majority impossible. "No chance we get there," a top GOP source told CNN Tuesday night. "We have (a) real possibility of going backwards."
Regardless, if Congress could get to work on this, that'd be great.
Bob Moritz: America's Talent Gap [HP]
American business must step up to the plate, but we cannot do it alone. We are taking the long view here — there are no quick fixes. And taking the long view means making investments. For example, we must use our respective expertise and become involved in the education process, helping educators to teach students the additional skills they need to succeed. Different businesses can contribute here in different ways. For PwC, we are using our employees' core skill set to focus on improving financial literacy — skills our future leaders need for tomorrow, regardless of the positions they might hold. Other companies might offer internships and job-shadowing programs, allowing youth to experience the types of promising jobs that await them.
PCAOB inspection process explained in CAQ guide [JofA, CAQ Guide]
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BDO AND PKF are in "advanced discussions" to merge in the new year, they have confirmed. A merged entity would create a firm with more than £400m in revenues, with 3,500 staff.
Utahns elect first non-CPA as auditor in 40 years [SLT]
This is a travesty.
Family Outraged After Officer Tickets Toddler For Trying To Pee In Front Of His Own House [HP]
An Oklahoma toddler who was potty training thought he was doing the right thing when he pulled down his pants in his front yard. But Dillan's well-intentioned act may cost his mom thousands of dollars, after it earned her an expensive public urination ticket from a passing Piedmont police officer. […] "I said really, he is three years old, and he said it doesn't matter. It is public urination. I said we are on our property and he said it's in public view," Jennifer Warden told the station. The family plans on fighting the ticket, since the police officer stopped Dillan before he could finish peeing. A court appearance is set for December. "For $2,500 we all should be able to pee all over our whole yard," Warden said.