Please ensure Javascript is enabled for purposes of website accessibility
December 4, 2022

Footnotes: Clippers Cap Gains; No Accounting for Student Loan Debt; Googling It | 05.30.14

A UC Berkeley administrator who previously stole from her employer stole from her employer [SF Gate]

Fed's Policy Hawks Express Mix of Views on Timing of Rate Hikes To quote my 2nd favorite Fedhead: "There is a range of plausible lift-off dates, depending on how economic developments unfold" [WSJ]

The Sterlings will owe about $662 million in cap gains if they sell the Clippers for $2B [Breitbart]

The Export-Import Bank’s Dodgy Accounting The new CBO report shows that the Bank uses accounting practices that don’t accurately reflect risk. This flawed accounting practice means that Ex-Im can claim that it will save $14 billion over the next decade; using fair value accounting, Ex-Im costs $2 billion over this period. [Daily Caller]

How did this future accountant graduate from a state school $130k in debt? [Forbes]

10 disgustingly rich companies that will do anything to avoid paying taxes Haters gonna hate [Salon]

The weird Google searches of the unemployed and what they say about the economy Google found that rising unemployment was not only linked to phrases such as “companies that are hiring.” It was also closely correlated to searches for new technology (“free apps”), entertainment (“guitar scales beginner”) and adult content (“jailbait teen”). The company said its data can improve the accuracy of standard estimates of economic data in a current month as much as 10 percent. [Wonkblog via WaPo]

SEC loses insider trading case against New York fund manager Obus hugged his lawyer after the verdict was read. Outside the courtroom, he criticized the SEC for engaging in a "12-year campaign of regulatory overreach." He promised to push for policy changes "to ensure this doesn't happen again." [Reuters]

What the rich are reading this summer (yeah, OK, like rich people read) [CNBC]

Researchers found that being ignored is worse than being bullied. I'd ask for your opinion but I don't care as you are nothing. NOTHING, you hear me? [Daily Mail]

Latest Accounting Jobs--Apply Now:

Have something to add to this story? Give us a shout by email, Twitter, or text/call the tipline at 202-505-8885. As always, all tips are anonymous.

Comments are closed.

Related articles

a dog in fall leaves

Friday Footnotes: How EY Fights Poaching; Lack of Staff Is Closing Doors; Accounting to Biglaw? | 11.25.22

Big 4 FRC to fine Deloitte £440k over 2018 audit [Accountancy Today] The Financial Reporting Council’s Audit Quality team has issued a notice of a proposed sanction on Deloitte, proposing a regulatory penalty of £440k after it was determined that the Big Four firm failed to comply with the auditing framework in its audit of […]

kitten in autumn leaves

Friday Footnotes: Retired EY Partners Hate on the Split; It’s a Raid!; ‘An Alphabet Soup of Technology’ | 11.18.22

Big 4 EY split threatens to weaken both sides of firm, say retired partners [Financial Times] More than 150 retired EY partners have written to the accounting firm’s leadership objecting to the radical plan to split its consulting and audit businesses. In a three-page memo seen by the Financial Times, the retired US partners say […]