The most important type of financial analysis is basic ratio analysis. Every financial executive has to have a very good understanding of accounting. This is where some academic finance programs have fallen down: Collectively we have de-emphasized accounting and have emphasized economics. As Enron has reminded us, financial executives and financial academics have to have [...]
The U.S. president-elect believes that America is facing the biggest economic challenges in her history. Barack Obama met in Chicago with economic advisers, which was the first meeting since the election press conference. The future U.S. president said that the United States needed a rescue plan for the middle class, which would create new jobs [...]
Energy independence is synonymous with homegrown biofuels, specifically corn-based ethanol. The US senators voted on “Iowa farmers versus Saudi oil ministers”. The US Congress mandated that 7.5 billion gallons of ethanol to be blended into the fuel stocks by 2012. Last year, Congress increased the mandate to 15 billion gallons by 2015. Proponents and opponents [...]
Inflation remains a primary point of concern. Americans “were pinched by rising energy and food prices”. Many Americans are delaying big purchases like cars and household appliances. Sales of automobiles, particularly trucks and sport utility vehicles, also fare falling. Retailers report pressures to hike prices on popular consumer products, but many say they will have [...]
