“In the recently-released 2011 State Business Tax Climate Index, New Jersey finally moved out of its last-place ranking on that list, in part due to Christie’s veto of the millionaires’ tax he mentioned during his interview. While it still ranks a pretty dismal 48 out of 50, it proves that improvement is possible, even in a state with a tax policy legacy as historically abysmal as New Jersey’s.” [Tax Foundation]
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“[It was] crudely beneficial for us.”
~ Lucy Prebble, playwright, on the timing of the economic collapse and “Enron,” her play set to open in New York next week.
This Fall, It’s Do or Die for Accounting Rule Convergence
- Caleb Newquist
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“If we can’t get converged (on financial instruments), it would suggest the convergence effort is going to be challenged and questioned on a significant basis.”
~ FASB member Tom Linsmeier levels with everyone on the FASB’s big test in the convergence process this fall.
This Is How Email Scandals Start
- Caleb Newquist
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“At work, but not much to do.”
~ The status message of an accountant in China who was fired a few days later, thus preventing her from ranking any of her attractive co-workers.
