Category Archive: Commentary

Aug 29

Excel Default Settings Can Cause Significant Analysis Errors

A recent study published in the scientific journal Genome Biology describes a concerning error rate in genetic studies caused by default settings in the commonly used spreadsheet software Microsoft Excel.  The default cell formatting option in Excel will inadvertently convert gene symbols to dates and floating-point numbers. Examples include: gene symbol SEPT2 (Septin 2) is converted by …

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Permanent link to this article: http://betweenthenumbers.net/2016/08/excel-default-settings-can-cause-significant-analysis-errors/

Aug 25

FASB Issues New Guidance for Not-for-Profit Entities

The Financial Accounting Standards Board (“FASB”) recently issued ASU 2016-14 “Presentation of Financial Statements of Not-for-Profit Entities” in an effort to improve transparency and understanding.  Changes effected therein include: The 3 formerly applied classes of unrestricted, temporarily restricted, and permanently restricted assets will be simplified into two classes based on whether they are donor-restricted. Additional …

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Permanent link to this article: http://betweenthenumbers.net/2016/08/fasb-issue-new-guidance-for-not-for-profit-entities/

Aug 22

IT’s Seat at the Table is Creating Massive Change in the Mid-Market

The evolving prominence of IT’s voice in major strategic decisions is helping companies in the mid-market (defined as annual revenues of $100 million – $1 billion) to embrace emerging technology at an unprecedented pace.  A recent study by Deloitte, in partnership with market research firm OnResearch, examined these trends. The CTOs, CIOs and IT Department …

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Permanent link to this article: http://betweenthenumbers.net/2016/08/its-seat-at-the-table-is-creating-massive-change-in-the-mid-market/

Jul 14

Damage Award Aims to Curtail Future Transgressions

According to USA Today’s July 8, 2015 article, a woman was awarded a damages of $229,500 for being harassed by Time Warner Cable. The cable company solicited Araceli King with 153 robocalls despite her complaints and direct requests to cease and desist. Judge Alvin Hellerstein of the Manhattan federal court decided to triple the typical …

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Permanent link to this article: http://betweenthenumbers.net/2015/07/damage-award-aims-to-curtail-future-transgressions/

Jun 19

A Classic Coase Solution to a Modern Problem: The CrossFit Dispute

A recent Wall Street Journal (“WSJ”) article brought to my attention a very “2K15” problem, urbanites in many of the nation’s big cities are struggling to deal with the annoyance of living next to CrossFit gyms. CrossFit is a highly intense workout regimen which has in the last several years become hugely popular. Many of …

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Permanent link to this article: http://betweenthenumbers.net/2015/06/a-classic-coase-solution-to-a-modern-problem-the-crossfit-dispute/

Feb 19

New Standard of Value for Appraisal under Louisiana Law

Louisiana has changed the applicable standard of value in its new Louisiana Business Corporations Act. Under the law, shareholders have a right to avoid the effects of certain corporate actions by selling the shareholder’s shares to the corporation, paid in cash.  Under certain circumstances more fully described in the bill, shareholders have such rights in …

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Permanent link to this article: http://betweenthenumbers.net/2015/02/new-standard-of-value-for-appraisal-under-louisiana-law/

Feb 17

Internet Real Estate Continues to Evolve with New gTLDs

The Internet Corporation for Assigned Names and Numbers (“ICANN”) announced that over 500 new generic top-level domains (“gTLDs”) have now been introduced into the Internet. The milestone 500th gTLD was .NTT, which represents Nippon Telegraph and Telephone. New domains are rolling out at an average of one per day.  ICANN has described its current process as the “Internet’s …

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Permanent link to this article: http://betweenthenumbers.net/2015/02/internet-real-estate-continues-to-evolve-with-new-gtlds/

Jan 23

$1.5 Billion Clerical Error: Appellate Ruling Finds That Authorization Trumps Intent, Reverses Bankruptcy Court’s Opinion

In the recent matter of re: Motors Liquidation Co., et al. the Court of Appeals for the Second Circuit (the “Appellate Court”) ruled that a clerical error which unintentionally rendered $1.5 billion of debt unsecured due to the inclusion of an improper financial statement, was in fact authorized and thus enforceable. The Appellate Court determined …

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Permanent link to this article: http://betweenthenumbers.net/2015/01/1-5-billion-clerical-error-appellate-ruling-finds-that-authorization-trumps-intent-reverses-bankruptcy-courts-opinion/

Jan 19

The Usual Suspect: Greece Again On the Verge of Instigating More Economic Turmoil in Europe

Greece, the problem child of the European Union (“EU”), is living up to its reputation. The EU continues to falter economically, with the peripheral members in various states of recession and with the central and northern nations stagnating or experiencing only minor growth. Overall, as of the beginning of 2015, Europe has not experienced anything …

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Permanent link to this article: http://betweenthenumbers.net/2015/01/the-usual-suspect-greece-again-on-the-verge-of-instigating-more-economic-turmoil-in-europe/

Jan 16

National Taxpayer Advocate Reports Grim Conditions Faced by US Filers Seeking Customer Service

With tax season just around the corner, the annual report from the National Taxpayer Advocate Service (“TAS”) is making headlines – for all the wrong reasons. This federally appointed office within the Internal Revenue Service (“IRS”) is responsible for assisting American taxpayers who are in burdensome, complex, and/or financially strenuous disputes with the IRS. In …

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Permanent link to this article: http://betweenthenumbers.net/2015/01/national-taxpayer-advocate-reports-grim-conditions-faced-by-us-filers-seeking-customer-service/

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