Two reminders of the age old debate over the merits of equities versus bonds emerged almost simultaneously in recent days. First, Warren Buffett argued in his latest annual letter that shares are not only a better investment than fixed income instruments but are also superior to gold, the darling of many seasoned investors.
Just as that was being digested, the Financial Times reported that the Ford Motor Company had decided [...]
$20.2 billion just disappears !
NEW YORK (AP) — Following in the footsteps of rival AT&T Inc., Verizon Communications Inc. on Friday said it is changing its accounting in a way that effectively moves $20.2 billion worth of future losses into the past.
The New York phone company said it will recognize losses and gains in its plans that fund pensions and other retirement benefits, like [...]
by Pension Pulse
Efforts to make pension accounting more transparent could cause corporate profits to become more volatile if gains and losses from pension assets are mingled with results from companies’ business operations.
The agency for international accounting standards is expected to take up a proposal next year that would require companies with defined-benefit pensions to report annual changes in [...]