Sun.Aug 07, 2022

The Fiscal Theory of Inflation

CFO News Room

We often summarize that the fiscal theory is a theory of the price level: The price level adjusts so that the real value of government debt equals the present value of surpluses. That characterization seems to leave it to a secondary role.

Netsuite vs. Intacct: Which is Better for SaaS Accounting?

Driven Insights

For early stage SaaS companies, simple, easy-to-use accounting software makes sense. Many startups combine an accounting platform like QuickBooks Online with a subscription billing tool like SaaSOptics. This can be an effective solution—up to a point.

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Job growth was likely strong in July, but it could slow soon

CFO News Room

A man walks past a “We Are Hiring” sign in New York City on July 8, 2022. Angela Weiss | AFP | Getty Images. Employers likely added fewer jobs in July, but the monthly employment report is still expected to show a robust pace of hiring that should edge lower in coming months. .

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Digital agility in Asia Pacific: CFOs, senior execs need to work closer

Future CFO

When it comes to digital agility in Asia Pacific, there is a need for greater collaboration between CFOs, CHROs, and CIOs, said Workday recently when releasing results of a study conducted in association with IDC.

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AFP FP&A Guide: Scenario Planning

Inflexible budgets break; scenario planning is a complementary, structured approach to creating flexibility in planning and operations. This guide presents practical, actionable steps to integrate scenario planning into y

Big Tech Has a Patent Violation Problem

CFO News Room

For years, major American tech companies have complained about the threat of intellectual property theft. The U.S. government has projected that Chinese companies flouting IP protections costs the American economy as much as $600 billion every year.

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New ‘Hunger Winter’ Looms as Europe Prepares to Shiver

CFO News Room

Reprinted from Inside Sources. Even as Europe has been dealing with its hottest summer on record, it has been fearfully aware that it may face its worst winter since the one at the end of World War II, from 1944 to 1945.

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Markets vs. Marxism and “Stakeholder Capitalism” | Samuel Gregg &…

CFO News Room

Samuel Gregg is Distinguished Fellow in Political Economy and Senior Research Faculty at the American Institute for Economic Research. He has a D.Phil. in moral philosophy and political economy from Oxford University, and an M.A. in political philosophy from the University of Melbourne.

China, Russia and the West’s Crisis of Disbelief

CFO News Room

Historical analogies are often lazy, and I cringe when I hear analysts liken the war in Ukraine and the West’s uncertain response to World War II and Munich. Yet as I watch the hesitant Western military effort—with the U.S., Britain, Poland and the Baltic states in the lead, Germany and France lagging, and the rest of Europe somewhere in between—I hear at least a rhyme.

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Jobs Are Back, Baby, but Maybe Not Your Job

CFO News Room

The U.S. finally has as many jobs as it did before the pandemic struck. Ultimately, a lot of them might not be in the right place. The Labor Department on Friday reported that the economy added a seasonally adjusted 528,000 jobs in July from a month earlier—far more than the 258,000 that economists expected to see. With that the employment losses brought on by Covid-19 crisis have finally been erased: There were 32,000 more jobs in July than there were in February 2020.

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Successful Change Management with Enterprise Risk Management

Speaker: William Hord, Vice President of ERM Services

Join us as we discuss the various tangents of data and the change management process that will help you make better risk-based business decisions to save time and money for your organization.

With Inflation High, Unions Suppress Wages

CFO News Room

Good luck getting a big raise if you’re in a union right now. That’s the unspoken message of a July 29 report from the federal Bureau of Labor Statistics. It showed that nonunion workers’ nominal pay in June was up 5.8% year over year, compared with only 3.8% for union workers’. The gap has been widening for a year. Inflation. This divergence makes sense when you think of how union contracts operate.

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Joe Manchin’s Legacy Now Depends on Permitting Reform

CFO News Room

Boyden Gray and Michael Buschbacher. 7, 2022 5:58 pm ET. The National Environmental Policy Act of 1970 no longer serves its intended purpose. For decades activist courts have transformed the law’s modest environmental-review requirement into a litigation nightmare.

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Democrats Vote to Raise Drug Prices

CFO News Room

Democrats who passed the Schumer-Manchin bill on Sunday voted to raise drug costs and health premiums for 220 million privately insured Americans. That isn’t hyperbole. It’s the inevitable economic result of Medicare drug price controls after the Senate parliamentarian this weekend struck the bill’s inflation rebates. Democrats know their Medicare take-it-or-leave-it drug “negotiations”—i.e., price controls—could have spill-over effects on the commercial market.

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What Germans Know About Nuclear Power

CFO News Room

Germany’s energy policies are among the biggest threats facing Europe’s economy, and if there’s a silver lining it is that German voters are beginning to realize it. Recent polling suggests a consensus is solidifying in favor of nuclear energy in what has been a nuclear-skeptic country. If only the politicians in Berlin would catch up.

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The Emerging Spend Management Sector: Simplifying Your Accounting Processes

Speaker: Spencer Falbo, Principal at Kong Basile Consulting

In this webinar, Spencer Falbo, principal at Kong Basile Consulting will teach you how Spend Management can help to automate many of your processes, making your job as an accountant more efficient.

Fewer Cures, Costlier Energy – WSJ

CFO News Room

By Stephen Moore and Tomas J. Philipson. 7, 2022 12:52 pm ET. The so-called Inflation Reduction Act will be one of the greatest misallocations of federal resources in American history. The bill has many moving parts, but here’s a simple way to sum up its macroeconomic impact: It would transfer about a quarter of a trillion dollars from America’s pharmaceutical industry, which saves and extends lives, to the climate-change industrial complex, which makes energy more expensive.

Links 8/7/2022 | naked capitalism

CFO News Room

Lambert and I, and many readers, agree that Ukraine has prompted the worst informational environment ever. We hope readers will collaborate in mitigating the fog of war — both real fog and stage fog — in comments.

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Donald Trump’s Nominees and the Senate

CFO News Room

Donald Trump now has the Senate nominees he wanted to win Republican primaries. We’ll soon learn if they can win in November, or if candidates with little experience and a focus on Mr. Trump’s 2020 grievances will cost the party majority control for another two years. The GOP dodged one potential Senate debacle last week when Eric Schmitt, the state attorney general, defeated former Gov. Eric Greitens in Missouri.