“Accounting is a discipline without any cohesive, unified theory of valuation.”
Treasury Secretary Tim Geithner in April on Possible Downgrade
Glad to see that we are in good hands.
Source antigovernmentextremist
Reblogged from antigovernmentextremist
If the world were a village of 100 people, how would the composition be? This set of 20 posters is built on statistics about the spread of population around the world under various classifications. The numbers are turned into graphics to give another sense a touch – Look, this is the world we are living in.
Reblogged from “The market value [of an investment in securities] is not an investment value but a commercial one; it is the price at which the investor could withdraw his investment, but until he has done so, he has not profited by its rise, or lost by its fall. So long as he retains his investment, the market value does not affect him nor should it enter into his accounts. It is valuable information, however, from time to time, if he has the privilege of changing investments, or the necessity of realizing.”
Sprague 1904, from R. J. Chambers “An Accounting Thesaurus.”
Notice that Sprague is writing this in 1904 and is therefore not yet on the fair-value bandwagon.
Jason Blumer and Greg Kyte are excited (giddy) to kick off the THRIVEcast by interviewing each other. We learn that Jason loves serving creative clients (Neil Diamond cover bands and Elvis Impersonators?) and Greg once opened for Weird Al Yankovic at the Utah State Fair. Yes folks, these are your hosts of the THRIVEcast!
I am very excited about this. Blumer and Kyte are kicking off the first (?) accounting podcast! And I love the artwork. Tune in and subscribe by clicking on that picture!
Henry W. Bloch, a co-founder of H&R Block Inc., on the tax burden
I am a registered Republican. But I speak out on this subject not to support the Republicans’ or Democrats’ position. Instead, I advocate for average, middle-income Americans. Their voices are too often ignored in policy debates.
…
I have [also] been a student of the U.S. tax system for more than half a century. From the mid-1930s to the early-1980s, the marginal tax rate for the highest income earners in this country was between 68 percent and 94 percent. That’s double and triple of what it is today. Yes, it’s time we balance the budget, but it is also time we balance the tax burden.
Source sirdreamalot
Reblogged from sirdreamalot
