In recently released information about the extent of the federal government bailout of US financial institutions, it has been reported that total lending peaked to $1.2 trillion dollars in December of 2008. It is interesting that the titans of corporate finance had failed to effectively lead their organizations and there was very little [...]
As the developments over the past few days have shown, the representatives in Congress have displayed an uncanny ability to act silly in the affairs of state. Unfortunately while both sides of the political spectrum bears responsibility for this spectacle, it is clear to the casual observer that the majority of the blame has to [...]
As the current impasse concerning the raising of the debt limit has grabbed the attention of everyone in the United States, we need to examine the salient aspects of the issues that are getting lost in the fog of the political discourse. Firstly, the major determinant of the need to raise the debt limit resolves [...]
As the United States begins to recover from the recent significant economic contraction of the past three years, it is obvious that the economic climate of the second decade of the 21st century provides very wide ranging challenges to the US government. As countries from outside the traditional spheres of influence in North America [...]
If a business owner has “limited liability,” it means that he or she is not personally responsible for business debts and obligations of the corporation. In other words, if the corporation is sued, only the assets of the business are at risk, not the owners’ (shareholders) personal assets, such as their houses or cars. Shareholders [...]
Many people dream of having their own business. To see if starting a business is right for you, ask yourself these important 20 questions. Your answers will help you determine if you are ready to become a small business owner or where you need to spend more time in planning. Am I prepared to spend [...]
Accounting is defined by the American Institute of Certified Public Accountants (AICPA) as “the art of recording, classifying, and summarizing in a significant manner and in terms of money, transactions and events which are, in part at least, of financial character, and interpreting the results thereof.”
