Current accounting rules relating to the issuance of employee stock options (ESOs) treat ESOs as a corporate expense. Prior to 2005, accounting rules required corporations that issued ESOs to treat at-the-money options differently from in-the-money options for financial reporting purposes. A...

Mutual funds form the bedrock of retirement savings in the United States, and, considering their rapid growth, are sure to be more critical in the future. Because the size of fees paid by investors to mutual fund advisers can strongly affect the return on investment, these fees have become a...

Das sympathisch anmutende Experiment, im Zuge der CO2-Reduktion den Energieverbrauch auf 2'000 Watt pro Kopf zu senken, entpuppt sich als Festival des Dirigismus und als Versuch, die Lebensweise der modernen Industriegesellschaft einer romantischen Verblendung auszusetzen.