Category: J

September 10, 2018 admin123@ No comments exist

Jobs theft Did the digital spreadsheet steal jobs?  Yes & No.  The 1978 invention replaced 2-page spreads in paper ledgers overnight & re-defined accountancy.  400,000 US bookkeeper/ accounts clerk jobs – calculate, fill-in, check, correct – ended.  But as accounting became cheaper, more demand & 600,000 jobs for other types of accountant appeared.  No need…

November 3, 2017 admin123@ No comments exist

Junk rating Financial crisis couldn’t have occurred without the rating agencies.  89% of Moody’s 2007 investment-grade securities later classed as junk.  Yet S&P, Moody’s and Fitch still control 96% of global market, and make debt-issuer pay for their ratings. Guessed the Word?       Series 11 (1/4)        [photo: Alexas_Fotos]