Do you want to know where the rich chose to live? The Scorpio Partnership, leading business strategy advisor to the wealth management industry, has come up with a list of cities according to their “Mobile Wealthy Residency Index”. The Index is the result of qualitative research by Scorpio Partnership with senior advisors to the world’s mobile wealthy [...]
Archives for September, 2009
Unactivated Credit Cards Misconceptions
You thought you don’t have to worry about new unactivated credit cards you just ordered? Think again. Just read an article giving the answer to that. While many credit cards cannot be used unless they are activated via activation phone call for example, many banks send credit cards that can be used for purchases even [...]
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The Best Banks
You interested to know which are the best banks? Global Finance Magazine has compiled an interesting list, according to which the following are the worlds best banks in each segment.
1. Best Privat Bank: Credit Suisse – Zurich, Switzerland
2. Corporate Bank: JP Morgan Chase – New York, USA
3. Best Trade Finance Bank: BNP Paribas – Paris [...]
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Tags: World's Best Banks
Are Accountants to Blame for Financial Crisis?
Some have blamed the accountants for the financial crisis. They claim that having been forced to measure the toxic assets at fair value and recognize large losses after adjusting the prices to fair value made it harder for companies to do business and raise capital.
Are the accountants now to blame for the excessive risk taking [...]
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David Walker Talks About the True Cost of the Health Care Reform
The debate on health care is heating up. Views on Obama’s proposed health care overhaul vary. Some are excited and hopeful of the outlook of security and stability through coverage for the millions of uninsured Americans while others worry about increased influence of the government and increased costs that ultimately will be born by them.
In [...]
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Best Paid Bachelor’s Degrees
I just checked out a slideshow on cnbc.com about the highest paid bachelors degrees in 2009, and I must say I am a little surprised about the pole position:
15. Civil Engineering $52,048
14. Information Sciences & Systems $52,089
13. Construction Science/Management: $53,199
12. Aerospace/Aeronautical/ Astronautical Engineering: $56,311
11. Engineering Technology: $56,447
10. Systems Engineering: $57,438
9. Industrial/Manufacturing Engineering: $58,358
8. Mechanical Engineering: [...]
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FAS 115-2 and FAS 124-2, Recognition and Presentation of Other-Than-Temporary Impairments
FSP FAS 115-2 and FAS 124-2
On April 9, 2009, FASB issued additional guidance on recognition and measurement of impairment losses which allowed a more uniform assessment of impairment compared to the previous guidance and improving disclosure and presentation of other-than-temporary-impairments (OTTI). The market conditions in the financial crisis led to situtiations for some securities where [...]
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Brain Teaser
- Who is lying?
October 11, 2009 | 5:50 amA number of people gathered around a round table and everybody claims the two people next to them are liars. Some actually are liars, others tell the truth.
Mrs. Jackson says: ” Nine people are sitting around the table”. Mr Smith who is sitting next to her claims: “Ten people are sitting around the table”.
Who is telling [...] -
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- Who is lying?