The Financial Accounting Standards Board has created a web portal to offer a view of its post-implementation review process. The PIR process is an important quality control mechanism that’s built into FASB’s standard-setting process, starting after a standard has been issued. During the PIR process, FASB requests and considers feedback from different types of stakeholders
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President Donald Trump announced four executive actions on Saturday, including a temporary payroll tax deferral for some workers and continued expanded unemployment benefits, as the coronavirus pandemic continues to hobble the U.S. economy. The moves were criticized by Democrats and some Republicans as, variously, providing little real help, an unconstitutional power grab from Congress, and
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A stack of Starlink internet satellites just before a launch. SpaceX SpaceX is manufacturing its Starlink satellites at an unprecedented rate for the space industry, analysts say, as the company dives headlong into building a space-based global internet service. Elon Musk’s company told the Federal Communications Commission in a presentation last month that its  Starlink unit
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Banners against renters eviction reading no job, no rent is displayed on a controlled rent building … [+] in Washington, DC on August 9, 2020. – With double digit unemployment, disruption to businesses from social distancing rules, and persistent coronavirus spread, many Americans had been relying on relief measures approved earlier by Congress, but which
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A man from St. Simons Island, Georgia has been indicted for threatening to use a pipe bomb on an Internal Revenue Service building in New York. Benjamin Stasko, 32, was charged Friday by federal prosecutors with willful threat to kill using firearms or explosives, and interstate transmission of a threat to injure. The online threat
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Many Americans are struggling to meet their credit card mills during the pandemic. zenstock | iStock | Getty Images Amid one of the worst downturns in U.S. history, nearly 80% of credit card holders say they’re worried they won’t be able to continue making even the minimum payments on their debt.  The figure comes from
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President Trump signed four executive orders on Saturday. They direct the Treasury to extend the federal bonus for unemployment insurance, order the Treasury and HUD to provide temporary funds to renters and struggling homeowners, extend a payment moratorium on student loans, and defer the 6.2% Social Security tax, also known as the payroll tax. All
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If there’s one side effect of the pandemic that can be considered positive, it’s the almost universal adoption of videoconferencing. I’ve been using videoconferencing in various forms for decades and there’s one constant I’ve noticed: Within minutes of concluding the video meeting, I’ve pretty much forgotten a good portion of what was discussed. As I’ve
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Spencer Platt | Getty Images As earnings season wraps up, analysts are reviewing their short-term and long-term take on the stocks they cover. While some companies delivered blowout quarters (see below), other stocks are suffering as global restrictions continue. And while government-backed stimulus programs can provide some relief, the truth remains that the pandemic- and
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