Accounting
Top stories summarized by our editors
9/20/2018

Charlotte Gill, the owner of Charlotte's Legendary Lobster Pound in Maine, has begun to expose lobsters to marijuana smoke before killing them because she thinks the practice makes them more calm and the killings more humane. Gill said that the lobsters are steamed before being served; therefore, the meat shouldn't have any traces of THC when eaten.

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Fox News
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marijuana
9/20/2018

Just as the ancient Greeks talked about ethos, logos and pathos, making persuasive arguments today requires credibility and logic, as well as an emotional appeal, says Carmine Gallo, Harvard instructor and author. "Everything about human nature -- from the stock market to where we invest to how we vote -- is based on our emotional narratives that we tell each other as groups and within individuals," he says.

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Knowledge@Wharton
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Carmine Gallo, Harvard
9/20/2018

Hiring the best people from competing companies can make you more productive and successful. But keep in mind that competitors might also be trying to attract your best people.

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Financial Management
9/20/2018

It's a common scenario. A natural disaster strikes, and news of the tragedy is suddenly everywhere you turn. But CPAs specializing in financial-fraud detection encourage caution. In times of disaster recovery, it's not uncommon for scammers to take advantage of our innate desire to help others in need.

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AICPA Insights
9/19/2018

China has responded to US tariffs on $200 billion in Chinese products by imposing retaliatory tariffs on $60 billion in US goods. Both sets of tariffs take effect Monday.

9/19/2018

Companies that rely too much on singular executives rather than collective leadership struggle to retain leaders and respond to competitive changes, according to a report by EY, DDI and The Conference Board that surveyed more than 25,000 people. Consider using team-based bonuses, hire and promote people known to collaborate and be able to explain the organization's purpose, write Richard Wellins and Evan Sinar of DDI.

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CNBC
9/19/2018

An emergency fund, along with appropriate insurance coverage, can cushion finances in a natural disaster or another catastrophic event. If you tap that emergency fund, make sure to replace the money.

9/19/2018

Here is a look at how monthly debt payments as a percentage of income vary from state to state. The monthly debt-to-income ratio is 25.27% in Michigan, compared with 36.15% in Hawaii.

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CNBC
9/19/2018

When researchers at the National Institute on Retirement Security calculated the median balance of retirement accounts of working-age Americans, that number was zero.

9/19/2018

Taxpayers who have vacation homes they rent and use for personal purposes might find they face more complicated calculations under the new tax law, which this article illustrates with examples comparing 2017 with 2018.