May 21
Banking is changing these days. You don’t even need to go into the bank to deposit checks anymore, you can do it right from your smartphone. Even if you go into the bank, certain banks have ATM or other sophisticated computer modules in order for you to handle transactions so you do not have to …
Permanent link to this article: https://betweenthenumbers.net/2013/05/atms-robbed-no-guns-involved/
May 09
More school is not for everyone. In 1973, Paul Simon–the son of a college professor and elementary school teacher–recorded a lesser known song called “Kodachrome” with the lyrics: “When I think back on all the crap I’ve learned in high school It’s a wonder I can think at all Though my lack of education hasn’t …
Permanent link to this article: https://betweenthenumbers.net/2013/05/geniuses-and-dropouts-must-ask-is-college-worth-it/
May 06
In this day and age, technology is surrounding us everywhere and being used by everyone from kids to seniors. Technology is now being used on airplanes as well to communicate with flight attendants. ABC News, along with other sources, reports that a passenger recently refused to use new airline technology on a Virgin America flight …
Permanent link to this article: https://betweenthenumbers.net/2013/05/500k-in-damages-claimed-from-refusal-to-use-technology-fallout/
May 01
The Bureau of Economic Analysis’ (BEA) report of Gross Domestic Product (“GDP”) is one of the most commonly used indicators of economic health. It measures the total value of all finished goods and services produced in the U.S. within a specified period (normally a year). In July that number is guaranteed to go up, yet …
Permanent link to this article: https://betweenthenumbers.net/2013/05/re-writing-economic-history-with-a-substantive-change-to-the-gdp-formula/
Apr 27
Businessweek has released its current list of the top undergraduate business programs in the US. The top three placeholders held strong from their 2012 ranking: University of Notre Dame’s Mendoza College of Business University of Virginia’s McIntire School of Commerce Cornell University’s Dyson School of Applied Economics and Management The fourth and fifth place …
Permanent link to this article: https://betweenthenumbers.net/2013/04/businessweek-publishes-its-list-of-top-undergraduate-business-schools/
Apr 24
With the advent of e-commerce and increased usage of credit cards, intuition might suggest that $100 bills in circulation would not keep up with inflation. However, from 1990 through 2012, the number of $100 bills in circulation has increased by an average of 8.6% per year, far outpacing the average inflation rate of 2.5% for …
Permanent link to this article: https://betweenthenumbers.net/2013/04/what-is-it-about-all-the-benjamins-100-bills/
Permanent link to this article: https://betweenthenumbers.net/2013/04/gaap-exception-buffet-offer-for-private-companies/
Apr 19
Last Friday, the Dow Jones Industrial Average (DJIA) closed at 14,865.06, down ever so slightly from 14,865.14, a move of 0.00%, or more precisely, -0.000538%. This non-move was especially surprising given the volatility during the day–the DJIA reached a low of 14,785.36, nearly 80 points or 0.54% below where it both started and finished. Such …
Permanent link to this article: https://betweenthenumbers.net/2013/04/its-a-rare-occurrence-when-the-djia-moves-0-00/
Apr 18
The Los Angeles Times reported that venture capital funding has declined considerably in Southern California. The article sourced data compiled from Dow Jones VentureSource, which provided the following statistics: Southern California companies raised $507.6 million from venture capital investors for Q1 2013, a 42% decline from Q1 2012 The amount raised in Q1 2013 was …
Permanent link to this article: https://betweenthenumbers.net/2013/04/venture-capital-funding-declines-in-southern-california/
Apr 16
There have been a number of cases in recent years regarding damages allegedly caused by negative online reviews. A dentist in New York is currently the target of a class action lawsuit regarding efforts to head off such issues. Stacy Makhnevich, DDS, allegedly had patients sign a form prior to treatment that they would not denigrate …
Permanent link to this article: https://betweenthenumbers.net/2013/04/dentists-pre-treatment-non-disclosure-agreement-leads-to-class-action-lawsuit/
Apr 23
GAAP Exception Buffet Offer for Private Companies
April 23, 2013
In 2012, the Private Company Council (PCC) was formed to establish exceptions and modifications to U.S. GAAP appropriate for private companies. Such differences may include alternative recognition, measurement, disclosure, display, effective date, or transition guidance. Proposed differences for private companies must be agreed to by both the PCC and FASB and include a period for consideration of public comment …
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