finance

Money talks; reviewing the global economy, government spending, taxes, and economic policy that affect our social and political future.

INTERNATIONAL FINANCIAL REPORTING STANDARDS
Applicability of IFRS in India What and Why IFRS? International Financial Reporting Standards (IFRS), is a set of guidelines established by the International Accounting Standards Board (IASB). The IFRS lays certain general rules to make the financial statements of every company uniform, clear and identical around the globe. IFRS stipulates how companies should preserve and record their accounts specify the transactions and other proceedings under the financial influences.
By radhika gs5 years ago in The Swamp
HERE’S WHERE FANNIE MAE’S CAPITAL RULE WILL BE FINALIZED AT (NOT 4 PERCENT)
Since the Federal Housing Finance Agency proposed the capital rule for Fannie Mae and Freddie Mac at 4%, the housing finance market has been in an uproar. Numerous experts have come forward and said that it’s too high.
By Jacob Wolinsky5 years ago in The Swamp
Keep Your "Thank You", I'll Take a Raise Instead.
"Thank you" doesn't pay the bills. "Thanks, from the bottom of my heart" doesn't pay the bills. "Thank you for coming to work" does not pay the bills.
By Amanda Lyons5 years ago in The Swamp
WHY THE CAPITAL RULE MAY PREVENT AN OFFERING FROM FANNIE MAE, FREDDIE MAC
Fannie Mae and Freddie Mac have now officially said that they oppose the capital rule proposed by the Federal Housing Finance Agency. The government-sponsored enterprises agreed with critics of the rule who said the capital rule would increase costs for borrowers.
By Jacob Wolinsky5 years ago in The Swamp
UK Enters Deepest Recession In History
It has been revealed that the UK has entered the deepest recession in it's history following two consecutive quarters of negative economic growth. This was further exacerbated following the period of time that the country spent in lock down due to the Covid 19 pandemic. The government is only now starting to try and ease lock down measures and avoid a second spike in the virus which it is feared could cause measures to be tightened again.
By Ashish Prabhu5 years ago in The Swamp
Michigan, Where Do Our Tax Payments Actually Go?
I have had a lot of questions about taxes lately. So, I reviewed the State of Michigan’s Annual Financial Report prepared by the State Budget Office in comparison with the Budget Briefing: State Tax Revenue Overview which was prepared by the House Fiscal Agency. I did not like what I found.
By Amanda Spradlin5 years ago in The Swamp
What if we re-allocated some of the $700 billion military budget?
Disclaimer: I am not any kind of political or economic expert. I am a software developer that is curious about financing and government.
By Mark Lancaster5 years ago in The Swamp
Economic impact of the COVID-19 in 2021
"The COVID-19 pandemic is much more than a health crisis: it threatens culture and economies at its core, the UN Framework for an Immediate Socio-Economic Reaction to the COVID 19 Crisis" - UN. While the consequences of the pandemic vary from country to country, poverty and inequality are most likely to increase globally, thus raising the importance of achieving SDGs.
By PickyTop6 years ago in The Swamp
The $600 Federal weekly Unemployment Payments ends July 31; Republican Senators wants it to expire but Democrats in House have passed an Extension Bill
The unemployment benefits provided to anyone out of work because of Coronavirus Pandemic is ending last day of July, 2020. But with the resurgence of Coronavirus across the United States, there is a possibility that the unemployment payments may continue if Democrats have their way. Over 21 million Americans are collecting the $600 weekly payments from the federal government in addition to state unemployment payment.
By Paul Oranika6 years ago in The Swamp
Corona Virus Recession - Using Protectionism to reduce the current account deficit during a recession
The COVID — 19 recession, could be a major global recession which arose as an economic consequence of the continued Coronavirus pandemic. Since World War 2, coronavirus pandemic could cause the worst global recession. Most of the countries saw a falling GDP from January to March 2020, because the economic impact of coronavirus began to hit. For April to June official figures haven’t been published yet, but they’re likely to point out even bigger falls, this can mean the second quarter of negative growth, confirming that much of the globe is in recession.
By Siddharth Shankar V6 years ago in The Swamp
The Effects of COVID'19 on Global Economy
November 2019 A 55-year-old individual from Hubei province in China tested positive for COVID'19, at that time no one knew that this will turn into a pandemic, however the cause of this new virus named as (SARS-COV-2) Coronavirus Disease by WHO was believed to be an interaction between bat and human.
By Shumaila Keerio6 years ago in The Swamp
Reason New Cities Support Poverty Eradication
Poverty indicates a decline in economic activities – be it in economies, homes, or individual’s life. It has long been projected that there would be population explosion by 2050 in many countries. And if economic activities do not grow alongside this projected growth, poverty would increase in these economies. So how can the economy be grown to cushion the effect of this projection?
By Morgan Orioha6 years ago in The Swamp