Aiming to reduce the deficits and lower inflation, President Biden signed the Inflation Reduction Act on 16 August 2022. The bill proposes reduced healthcare and drug expenses and investment in domestic energy production to battle climate change. Essentially a scaled-down rendition of the Build Back Better Act proposed in 2021, President Joe Biden calls it …
Continue reading “The Inflation Reduction Act – A Welcome Change for the Average American?”
Following a 0.7% price hike in June, core prices saw a leap of 0.3% in July, according to the Labour Department’s CPI. Consumer prices have climbed 8.5% from last year, down from a four-decade-long record of 9.1%, keeping the annual increase at 5.9% after three straight monthly declines. The ever-concerning rise in the price of …
Continue reading “Core Costs to Keep the Inflation Red Hot?”
With Election Day approaching in less than 100 days, the Red Wave fails to make the previously predicted impact in Congress. In midst of the falling ratings for Biden, Republicans have spent over a year waiting to pick up more seats and making plans for 2023 and beyond. Having more than a few tricks up …
In an attempt to control semiconductor-manufacturing companies from using subsidies for their personal growth and agenda, the US Commerce Department has decided to put a cap on the government subsidies that semiconductor firms use. Before the US Commerce Department limited government subsidies, the legislation provided US$52 billion to improve and boost the chip industry. The …
Continue reading “US Commerce Department Passes Funding Bill”
Lots of people hear the terms compliance and risk management and assume the two terms are the same. While there is overlap between the two, it’s important to know the differences so you can assure your company is using each strategy to its full advantage. Let’s look at what each strategy is, how they differ, …
Continue reading “The Difference Between Compliance & Risk Management: What You Need to Know”
Is risk management taking a back seat to compliance? Risk management frameworks are often seen as a lower priority than the specific activities associated with compliance. In a busy commercial environment, it is easy to focus on complying with rules rather than implementing effective risk management. It is also easy to focus on a headline, …
Management information (MI) to identify compliance related risks and issues within a financial services entity can be wide-ranging. Metrics such as KPIs and KRIs serve as risk management tools that can be used as an “early warning” signal, to address an issue before it increases in gravity. MI can help uncover systemic issues and track …
On April 24, 2022, Twitter announced that it had struck a definite deal with Elon Musk regarding its acquisition. The Tesla CEO is all set to buy out the social media giant for $54.20 per share in cash, valuing the company at around $44 billion. The agreement between Twitter and Musk has sparked debates about …
A vast majority of the American population is losing sleep over the ever-rising gas prices and the growing unaffordability of everyday essentials. Inflation has been increasing for nearly a year. Although the broader recovery has been going exceptionally well, Americans’ confidence in the economy has plummeted and is now near an 11-year low. We are …
Continue reading “Unsettlement Over Inflation And Onset Of Recession in 2022”
Amazon has successfully added another feather to its cap with a rapidly growing advertising business. It has been consistently outperforming well-known names in the field, such as Facebook and Google. In 2018, Amazon’s ad revenue more than doubled year on year, reaching $10 billion. Analysts predict that it will grow significantly in the coming years. …
Continue reading “Amazon Achieves Another Milestone With A Thriving Ad Business”
