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The changing face of the tax system

Dr. Pam Spikes, CPA, is a professor of accounting at the University of Central Arkansas. Dr. Patricia Mounce, CPA, is associate professor of accounting at UCA.

Congress still has four months in which to make changes to the 2010 tax law. At this point no one knows exactly what is to come. H...

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09/14/2009 - 11:38am
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Administration wants to buy up banks' toxic assets

WASHINGTON Struggling to contain the worst financial crisis in seven decades, the Obama administration wants to buy billions of dollars of toxic assets from banks to ease borrowing for consumers and businesses.

Some industry officials familiar with the details said Saturday they expected t...

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03/23/2009 - 11:07am
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Stocks fall, still log second week of gains

NEW YORK (AP) Citigroup's chief financial officer, Gary Crittenden, is leaving his post and becoming chairman of Citi Holdings, the unit created to sell off the bank's riskier assets.

A person familiar with the decision said Crittenden decided to change jobs due to an illness in his family...

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03/23/2009 - 10:54am
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UPS chief received $5.2M in '08

ATLANTA (AP) The chairman and chief executive officer of UPS Inc., Scott Davis, received total compensation valued at $5.2 million in 2008 his first year at the helm of the world's largest shipping carrier, according to a regulatory filing Friday. That was about 16 percent more than his predecess...

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03/16/2009 - 8:44am
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Test of faith

Metropolitan Baptist Church was bursting out of its home.

From a group of freed slaves in Civil War-era Washington, Metropolitan Baptist had grown into a modern-day megachurch and community service powerhouse. In 2006, construction began on the congregation's dream complex in Largo, Md. a ...

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03/16/2009 - 8:22am
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Trade deficit falls to $36B in Jan.

WASHINGTON (AP) The U.S. trade deficit plunged in January to the lowest level in six years. While U.S. exports from farm goods to autos to civilian aircraft fell sharply, imports fell at an even faster clip as a deepening recession cut demand for goods from abroad.

The Commerce Department ...

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03/16/2009 - 8:13am
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‘Boring’ is good

What effects do a struggling economy have on investment/savings companies?

I think that’s been evident in what we’ve seen in the news over the past year. Some companies have folded, some companies have been bailed out (government aid, sold, merged, etc.), and yet others seem to be in good ...

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03/12/2009 - 11:29am
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