November 23, 2010
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Munis Yielding More Than Treasuries for First Time Since Crisis
Tax-exempt bonds are yielding more than Treasuries for the first time since the financial crisis, a relationship that history shows doesn’t last, especially as the Federal Reserve kindles inflation expectations. Investors buying AAA municipal general obligation bonds due in two years get a yield equal to 119 percent of similar- maturity Treasuries, Bloomberg Fair Market […]
Read more- November 22, 2010
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CPAs year-end tax-savings tips
The Queens/Brooklyn Chapter of the New York State Society of Certified Public Accountants (NYSSCPA) recommends these Year-end Tax Tips for consumers: 1. Get Organized: Put your tax data together now. Round up receipts and cancelled checks from charities; check your latest brokerage statement for year-to-date gains or losses; make a checklist of accounts to keep […]
Read more- November 19, 2010
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UC tuition to rise 8% for next year
Regents vote 15 to 5 for the increase, meaning undergrads will face $12,150 per year in tuition. The move meets little outcry. Financial aid also is expanded. The basic cost of an undergraduate education at the University of California will rise 8%, or $822, next school year after a regents vote Thursday, although officials said […]
Read more- November 18, 2010
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Fed to require stress tests of big banks
The Federal Reserve will require big banks to undergo a new round of stress tests — this time, to determine if they are sound enough to begin raising their stock dividends. Click here for full article!
Read more- November 17, 2010
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FASB Clarifies Troubled Debt Restructuring
The standard setter releases new proposed accounting guidance to better define what is – and is not – a troubled debt restructuring. Last month the Financial Accounting Standards Board issued a proposed guidance related to troubled debt restructuring that included several important clarifications for both debtors and creditors. The proposed accounting standards update (ASU), Clarifications […]
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