Tag: accounting

Bank of England Warns of Global Currency Wars
December 11, 2012 0

Bank of England Warns of Global Currency Wars

By News Desk

Bank of England Warns of Global Currency Wars By the time central banks warn about something, the practice has likely been going on for years. Today’s case in point is BoE’s King warns of growing currency competition The head of the Bank of England warned on Monday that too many countries were trying to weaken their currencies to offset the impact of the slow global economy and the trend could grow next year. "You can see, month by month, the addition to the number of countries who feel that active exchange rate management, always to push their exchange rate down, is growing," Mervyn King said in a speech

Gallup Reports Upper-Income Spending Worst November Ever
December 9, 2012 0

Gallup Reports Upper-Income Spending Worst November Ever

By News Desk

Gallup Reports Upper-Income Spending Worst November Ever With the generally upbeat spending reports on black Friday and cyber-Monday, Gallup paints a different point of view in its most recent poll that shows U.S. Consumer Spending Holds Steady, Consistent With 2011 Americans’ self-reported daily spending averaged $73 in November, essentially on par with September and October.

Michigan Passes Right-to-Work Legislation; Email from Canadian Teacher Threatened With $500 Fines Per Day for Not Picketing; Collective Bargaining vs….
December 8, 2012 0

Michigan Passes Right-to-Work Legislation; Email from Canadian Teacher Threatened With $500 Fines Per Day for Not Picketing; Collective Bargaining vs….

By News Desk

Right-to-Work provisions are at long last coming to Michigan. Reuters reports ‘right-to-work’ law exempts existing union contracts Right-to-Work could be approved within a week Stunning blow to organized labor Immediate impact blunted by "grandfather" clause Opponents vow to overturn new law The proposed Michigan "right-to-work" law will not apply to existing union contracts, a leading sponsor of the proposal said on Friday, which may blunt its immediate impact on the huge auto industry in the state.