•No Evidence Found to Charge Ruth Madoff – The aggression will obviously continue. [WSJ]
•Consumer Interest ‘Huge’ in Clunker Plan, LaHood Says – Call us party poopers but it seems like manufactured consumption. [Bloomberg]
•Pimco: Consumer “greed” hibernating, fear rules – Greed will be good again. Don’t you worry. [Reuters]
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Review Comments | 11.02.09
• Ernst & Young acquires tech-consulting firm – “Capital City Technologies will become part of the government and public-sector group of Ernst & Young’s Advisory Practice.” [Washington Technology]
• Kroeker: Keep Converging With or Without Roadmap – Basically what the Chief Accountant is saying is, “Don’t wait up for us. Whatever you decide is fine, unless we don’t like it and then we reserve the right to torpedo it back to the Stone Age.” [Web CPA]
• What Are We – Laborers, Factories, or Spare Parts? The Tax Treatment of Transfers of Human Body Materials – “Of particular significance in this debate is whether human bodies can only provide services, or if their materials can constitute property of the person from whose body they come: whether the human body is exclusively a laborer, or if it can also be a factory or a collection of spare parts.” [Lisa Milot, University of Georgia Law via TaxProf Blog]
• A Growing Divide – Regarding personal debt per person to GDP per person: “[S]imple graphs that tell a powerful story.” [Financial Armageddon]
• Allen Stanford Is A ‘Sir’ No More – And you think life is unfair? [DB]
• IRS Claims 2 Out of 3 Taxpayers Now E-File – But as, TG points out, less returns. Nice try, IRS. [Tax Girl]
Review Comments | 12.07.09
• Court Allows Cuban to Seek Discovery in S.E.C. Case – No one questions Mark Cuban’s patriotism and gets away with it. [DealBook]
• Ohio school will return Petters’ scholarship donations – Miami of Ohio is giving back $5 million that was gifted to establish the John T. Petters Center for Leadership, Ethics and Skills Development. [Pioneer Press]
• Doesn’t Sound V-Shaped to Me – The recovery that is. [Financial Armageddon]
• Fixed assets and year-end planning – Joe Kristan is getting you ready for the upcoming tax prep season. [Tax Update Blog]
• Nonprofit Executive Compensation Changes in 2009 – Charity doesn’t pay like it used to. [Mission Accountable]
Review Comments | 07.16.09
• Lawmakers End Questioning Of Sotomayor – “The Senate Judiciary Committee wrapped up Thursday its questioning of Supreme Court nominee Judge Sonia Sotomayor. Republican senators asked Sotomayor again whether she would rule on cases based on her beliefs, and she assured them she would apply the law and court precedent.” [NPR]
• Donaldson, Levitt Back FASB Off-balance-sheet Rules – “An ‘investors’ working group’ co-chaired by former Securities and Exchange Commission heads William Donaldson and Arthur Levitt Jr. has called for new Financial Accounting Standards Board rules on off-balance-sheet transactions and securitizations to be implemented ‘without delay.'” Without delay to the FASB means, sometime before the next decade. [CFO.com]
• Jamie Dimon on CIT’s Troubles – Natch, he’s cool with them biting the dust [DealBook]