Monthly Archives: February 2007

Cross-border hiring

A question from Yahoo! Answers: What are the procedures for an American business to hire non-American International employees? I would like to know what are the legal procedures for a company based out of America to hire and pay an … Continue reading

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CPA, CFA, CFP, ACCA…

A question from Yahoo! Answers: CPA,CFA,CFP,ACCA accreditions are useful for what type of jobs? Do we really need them to win in the rat race? E.g. CFP is for people interested in wealth management related advisory work CPA is useful … Continue reading

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The definition of “rich”

A question from Yahoo! Answers: At what income is an American considered “rich”? Does anyone know of an “official” formula for determining whether someone could consider themselves monetarily rich? Of course, all things are relative to region and personal choices; … Continue reading

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Prime Rate vs. Federal Funds Rate

A question from Yahoo! Answers: What is the difference between the Prime Rate and Fed Funds Rate? Why is it good to know what these rates mean in terms of macro-economics? Prime rate is a rate that large banks charge … Continue reading

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Which is more capitalist?

A question from Yahoo! Answers: Which is more capitalist: the First World or the Third World? I’d argue that truer capitalism exists in many Third World countries which have little or no economic regulation. You’d argue the wrong point. Capitalism … Continue reading

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Neoliberalism vs. collectivism

A question from Yahoo! Answers: What ´s the future world you appreciate, more neoliberal or more colectivist ? Neoliberalism and collectivism are not mutually exclusive. Neoliberalism advocates limited government, collectivism advocates solutions to life problems that are based on voluntary … Continue reading

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What is gray economy?

A question from Yahoo! Answers: Meaning of grey economy? grey economy like black economy is a malice but not as harm as black economy and what exactly is a grey economy Black economy deals in illicit goods and services (prostitution, … Continue reading

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Remeasuring financial statements

A question from Yahoo! Answers: Why are financial statements “remeasured” when the functional currenty is the US Dollar? How are “dollars” converted into “dollars”? Financial statements are remeasured when the functional currency is the U.S. dollar because SFAS 52 says … Continue reading

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Kyoto: support and opposition

A question from Yahoo! Answers: Why are some nations supporting the Kyoto protocol and other nations opposing it? Because complying with the Kyoto protocol is more costly for some countries than it is for others. From the purely technical standpoint, … Continue reading

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Are machines taking over people’s jobs?

A question from Yahoo! Answers: How many think that machine,are takeing over people jobs? i hear a lot of peoples ,say they cant find a job, my self i think, it due to machines,,,by in the older days ,he did … Continue reading

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