Financial standards - the unfair albatross.
THE FINANCIAL Accounting Standards Board (FASB) has the authority and responsibility to issue or create required standards for financial accounting and reporting. In December, 1990, it issued FASB 106, "Employer's Accounting for Post-Retirement Benefits Other Than Pensions." Before then, most employers used cash basis (or pay as...

Economic development in Hungary: the transition years--1989 to 1998.
Abstract This paper reviews Hungary's progress in transitioning from a centrally-planned, Communist state to a market economy in a democratic society over the decade of the 1990s. Hungary employed a gradualist approach in its transition, experiencing many wrong turns along the way. As of 1998, though, Hungary...

FOLLOW THE MONEY.
Taking a cue from their readers, newspapers have enthusiastically climbed aboard the business bandwagon. THE YEAR WAS 1925, CALVIN COOLIDGE WAS SITTING "tranquilly," as he liked to say, in the White House, and Americans basked in the mellow glow of peace and prosperity. On January 17 the...

Economic democracy: meaningful, desirable, feasible?
To some, economic democracy is self-evidently a good thing if it means spreading economic opportunities more widely, giving workers a greater say in the workplace, and allowing communities to participate in the investment decisions that shape their future. Indeed, a classic argument has it that political democracy--universal suffrage, civic...

Bank of America Reports Record 2006 Earnings of $21.13 Billion, or $4.59 Per Share.
Fourth quarter earnings were $5.26 billion or $1.16 per share 2006 EPS grew 14 percent Fourth quarter EPS up 32 percent Significant operating leverage drives results CHARLOTTE, N.C., Jan. 23 /PRNewswire-FirstCall/ -- Bank of America Corporation today reported that 2006 net...

BostonFed Bancorp, Inc. Announces Record Second Quarter Earnings and Payment of $.15 Per Share Dividend.
BURLINGTON, Mass., July 19 /PRNewswire/ -- BostonFed Bancorp, Inc. (Amex: BFD) (the "Company"), the parent of Boston Federal Savings Bank ("BFS"), a federally-chartered stock savings bank, and Broadway National Bank ("BNB"), a national chartered commercial bank, announced record second quarter net income of $2,509,000, or $.56 basic...

BostonFed Bancorp, Inc. Announces Record 4th Quarter Results And Payment of $.13 Per Share Dividend.
BURLINGTON, Mass., Jan. 19 /PRNewswire/ -- BostonFed Bancorp, Inc. (Amex: BFD) (the "Company"), the parent of Boston Federal Savings Bank ("BFS"), a federally-chartered stock savings bank, and Broadway National Bank ("BNB"), a national chartered commercial bank, announced record fourth quarter net income of $2,319,000, or $.51 basic...

Growing and contracting your appraisal business.
Like the real estate business, the appraisal business operates in cycles. When residential and commercial real estate markets are strong, so is the appraisal business. When the market cools, many appraisal firms have to cut back. Many Appraisal Institute members who own their own business have learned from this...

ESOPs will check attrition: India Inc.
MUMBAI: Internationally, the concept of providing employees with stock options has grown, while in India, the concept is relatively at an infancy stage. As Indian companies catch up with this international trend, keeping a global perspective in view of local realities has gained importance. Nandan Maluste, Convenor,...

Comerica Reports Earnings for Second Quarter 2001.
% change Q2 '01 Q2 '00 from 2000 Diluted EPS $1.13 $1.12 1% Diluted EPS (excluding restructuring) 1.18 1.12 5 Net Income (in millions) $208 $206 1% Net Income (excluding restructuring) 216 206 5 Return on Common...