Weather change and its consequences are inevitable.  Governments and rating agencies around the world have tools  to “motivate” short-term-focused insurers to broaden their risk perspectives, with their executives facing personal liabilities if their coverage reserves fall short. Without more aggressive moves, the rest of the world could end up like Grenada and Jamaica, circa 2004.

FAS 133 is so deeply flawed that it should be scrapped altogether and re-thought from scratch.

The consensus is that it is time at a minimum for major revisions, if not for Financial Accounting Standard 133 to be scrapped altogether and replaced.

Gun violence has become an increasing concern to the general public, the media, and politicians, and many current ideas about controlling crime--for example, through juvenile gun bans, right-to-carry laws, and one-gun-a-month rules--involve controlling access to firearms. During this two-day conference, a group of academics will present for discussion their research...

Freddie Mac's new accounting methods are misleading, not stricter.

Experts suggest a new way to look at education reform.

Bank of America is the latest victim of the conceptual incoherence and labyrinthine demands of FAS 133, the U.S. accounting standard for derivatives.

The Supreme Court has agreed to hear cases challenging the constitutionality of Obamacare and has allotted an apparently unprecedented five and a half hours for oral argument on four separate issues.