Ben Bernanke’s Idea of “Recovery” Might Not Correlate with Yours Posted on June 9, 2010 by Caleb Newquist “My best guess is we’ll have continued recovery, but it won’t feel terrific.” ~ Ben Bernanke takes a stab at the economy.
Quote of the Day Tony Hayward Is a Lover, Not a Spiller Caleb Newquist July 31, 2010 “I didn’t want to leave BP, because I love the company. Because I love the company, I must leave BP.” ~ Tony Hayward may, as some have suggested, have a future as a poet.
Big 4 KPMG Quote of the Day Memo to the World: You’ll Just Have to Live with the Big 4 Whether You Like It or Not Caleb Newquist June 4, 2010 “[T]here are plenty of industries where there are four big players. The world just has to get on with it.” ~ John Griffith-Jones, chairman of KPMG in the UK and co-chairman in Europe on the concern that four accounting major accounting firms are not enough.
Quote of the Day In Case You Are Unclear, The P in GAAP Stands For Principles Adrienne Gonzalez April 29, 2010 “U.S. GAAP is founded upon principles, that’s what the P is supposed to stand for.” – SEC Chief Accountant James Kroeker arguing at a Pace University IFRS discussion that GAAP is just as principles-based as IFRS.