GLG News in Accounting & Financial Analysis

The status quo will be maintained during the election year.  But, what will happen to the funding for physicians and hospitals after the election?   Healthcare and defense are the two largest components of the Federal budget.  Congress will likely act to gain budget reductions in both areas.  The hospital component is the largest of the federal healthcare budget and makes an easy...

Ping An Insurance, plans to raise $20B in China to facilitate a acquisition to Prudential because of it strong present in Asia Pacific Region and also has good relationship between the companies' leader.

The article looks how the changing interpretation of laws in India can impact the business of multinational enterprises.

Air China spoil the deal between China Eastern and Singapore Airline shown that China will not let Temasek take over anything in China now as the company has been reject China Bank to acquire the it shares in Standard and Chartered Bank.

Most accountants and financial advisors are going to have to face an IRS $200,000 fine for note reporting with the IRS. These plans are sold by most insurance agents.

This article suggests that it might be better to buy a life insurance policy with after tax dolloars instead of buying a retiremaent plan. There are many benefits to useing a life insurance policiy as a Roth alternative

The General Motors VEBA will not work. Based on the information that I have received, there is no way that the union will ever accumulate enough money to pay for the increasing cost of health insurance. Based on my projections the GM union VEBA will run out of money within twenty years.

This is a very important article that deals with the IRS crackdown on all retirement plans.

Recently, the SEC eliminated the GAAP reconciliation requirement as part of Form 20-F for foreign issuers.  Almost simulaneiously, the Commssion issued a Concept Release that would allow U.S. issuers to drop GAAP and use Interantional Financial Reporting Standards.  The implications of these moves are vast and the author believes are at best premature. 

The article covers tax and regulatory aspects of doing business in India.  It is specific to the offshore drilling industry, but provides information which may be of use to others.