Jobless rate tumbles to near four-year low [Reuters]
The unemployment rate dropped to a near four-year low of 7.8 percent in September, a potential boost to President Barack Obama's re-election bid. The Labor Department said on Friday the unemployment rate, a key focus in the race for the White House, dropped by 0.3 percentage point to its lowest point since January 2009. A survey of households from which the jobless rate is derived showed 873,000 job gains last month, the most since June 1983. The drop in unemployment came even as Americans come back into the labor force to resume the hunt for work. The workforce had shrank in the prior two months.
Republican Mitt Romney repudiated his assessment of the 47% of Americans he once deemed too dependent on government, saying Thursday that his remarks were "just completely wrong." Mr. Romney previously stood by the substance of what he had said at a Florida fundraiser while adding the caveat that his comments hadn't been "elegantly stated." But in an interview with Fox News, the Republican presidential candidate offered a different answer.
In case you haven't had enough.
The Sustainability Accounting Standards Board has been founded to fill what it sees as a current void in corporate reporting by quantifying the value of corporate non-financial information. The SASB said Thursday that it intends to develop and publicly distribute industry-specific sustainability accounting standards for the benefit of companies, investors and the public.
With Baby Boomers nearing retirement, the number of succession plans in place for CPA firms is on the rise. But fewer than half of multiowner practices have succession plans ready, mentoring is largely informal, and the development of future partners is in decline, new research shows.
Wisconsin accountant James Pirc busted for using camera pen to film semi-clad women in office toilet [NYDN]
Pric, who said he had been illicitly filming for nine months, admitted to using the pen about 15 times "for inappropriate things," but "deleted all but five or six of the videos," according to a criminal complaint obtained by the Menomonee Falls Patch.
American Airlines flights canceled at OIA over 'gunk' issue [CO]
American Airlines spokeswoman Mary Frances Fagan said on Friday that passengers spilling soda and coffee "gunked up" the seat locking mechanism over time on certain planes. The "gunk" affected the track on the ground "that locks the seats to the aircraft floor," she said. "We are taking extra steps to ensure that the seats do not dislodge from the track," Fagan said.