The TikTok bill that passed the House over the weekend isn’t just a high-profile shot at an ultra-popular app — it’s a move so historically unusual that it could run into problems if it’s signed into law. […] By naming… Read More ›
China
Work-Standard Accounting Practices: Maoist Funds Balance Sheet
As established earlier in a preceding Entry, the Soviet Union’s accounting system was designed to accommodate the Economic Planners. The methodology enabled Enterprises to maintain and create records in support of Soviet-Type Economic Planning (STEP). It came into being between… Read More ›
Update (18 April 2024)
As part of my upcoming preparations to someday write new Entries for Section Three of Work-Standard Accounting Practices, I have written a new Entry describing the Maoist Balance Sheet. This Maoist-style Balance Sheet is pretty nifty that I am still… Read More ›
Update (17 April 2024)
I am intrigued by the modifications that Chinese Accountants made to the Soviet accounting system under Chairman Zedong as part of the “Cultural Revolution.” The modifications they had made included recording the revenues sources of different Economic Organizations and where… Read More ›
Update (14 April 2024)
After writing those three new Entries for Section One of Work-Standard Accounting Practices, I decided to take a break and start reading through the academic literature I found while researching for both the Second Edition and my Bookkeeping Certificate coursework…. Read More ›
Cartel feud at Mexico’s southern border placing migrants and civilians in jeopardy
EL PASO, Texas (Border Report) – Two recent mass-casualty events illustrate the year-old feud between two Mexican drug cartels for control of the Guatemalan border that continues to claim lives and endanger migrants on their way to the U.S. On Sunday, members… Read More ›
US plans new import tax thresholds ‘to close loopholes exploited by China’| The Loadstar
Proposed new de minimis rules could see countries paying different tariffs for their imports into the US – with some denied the privilege altogether. The current de minimis threshold for imports into the US is $800, increased from $200 in 2016 with the Trade… Read More ›
The Fourth Estate 
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