Americans currently spend about 15 percent of gross domestic product (GDP) on health care, but new research is projecting that by 2050, we'll be spending more than 30 percent of our income on health.

With tax returns due on April 16, we get an extra day to file this year.

Stock market analysts move markets, and not just because investors believe in the validity of their research and legitimacy of their opinions. In an important new study, Assistant Professors Jennifer L.

Accounting practices can influence behavior that aids or thwarts organizational efforts to get the job done, according to research conducted by Casey Rowe, an assistant professor of accounting at the W. P. Carey School of Business.

Named one of "America's 50 Most Powerful Women" by Fortune magazine, Cristina Morgan has represented her firm on more than 100 IPOs for such familiar names as Adobe, Google, Pixar and Netscape. Recently she was inducted into the W. P. Carey School's Alumni Hall of Fame.

Accrual accounting, which allows firms to adjust cash flow from operations, is intended to provide flexibility so that financial statements can be made more informative. Nevertheless, managers may instead use the flexibility to mislead stakeholders about the underlying strength of the company.

A recent study tracked investor reaction to more than 50,000 reports issued by 2,794 analysts between 1993 and 1999. While the data show that both large and small investors react to analyst counsel, the larger — and presumably more sophisticated — traders tend to make more money doing so.

Picture the U.S.

The corporate failures of Enron, WorldCom, HealthSouth and Tyco were separate tragedies, but they share a common theme: ethical breakdown that started at the top and permeated the organizations.

Fannie Mae's recent $11 billion accounting scandal drew headlines, but even before that, critics, analysts and academics have urged that the time has come for this Government Sponsored Enterprise (GSE) to be completely privatized.