07-05-2008, 06:36 AM
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Join Date: Oct 2007
Location: small town in the Northwest- population 400 (+2)
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Accounting Plan Would Allow Use of Foreign Rules
http://www.nytimes.com/2008/07/05/bu...html?th&emc=th
Quote:
WASHINGTON — Federal officials say they are preparing to propose a series of regulatory changes to enhance American competitiveness overseas, attract foreign investment and give American investors a broader selection of foreign stocks.
But critics say the changes appear to be a last-ditch push by appointees of President Bush to dilute securities rules passed after the collapse of Enron and other large companies — measures that were meant to forestall accounting gimmicks and corrupt practices that led to those corporate failures. http://www.nytimes.com/2008/07/05/bu...html?th&emc=th
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Did you ever just find one too many dog turds in your yard? And you've told the neighbors and called the police. And everyody says you're just imagining the stuff you're scraping off your shoes every day.
And today you walk out on the lawn and step in a big pile of soft great dane puppy pooh, and you just feel like saying ,"Whatever."
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 Consumption is indeed important in a free economy: particularly the freedom of consumers to buy their goods in unhampered markets. However, key to long-term economic growth is investment (savings), which is the opposite of consumption. Public policies that promote consumption — such as low interest rates — do so at the expense of savings. Less savings means less investments; an economy that does not save or invest will consume all of its resources and eventually end up bankrupt.-David Saied
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