The economic tipping point for the United States is no longer theoretical. It is a reality today. The country has gone from the world's largest creditor to its greatest debtor; the value of the dollar is sinking; domestic manufacturing is winding down - and these trends don't seem to be slowing. Peter Schiff casts a sharp,...

During the financial crisis of 2008, things got scary. Large Wall Street firms were going under, stock prices were plummeting, and layoffs and unemployment rates were soaring. And, all this was happening in the midst of the 2008 presidential election. Talk of another Great Depression was in the air. In fact, polls showed a majority of...

Information technology auditing and Sarbanes-Oxley compliance have several overlapping characteristics. They both require ethical accounting practices, focused auditing activities, a functioning system of internal control, and a close watch by the board’s audit committee and CEO. Written as a contribution to the accounting and auditing...

As a programmer working for Logica UK in London in the mid-1980’s, I became a passionate advocate of formal methods. Extrapolating from small successes with VDM and JSP, I was sure that widespread use of formal methods would bring an end to the software crisis.

One approach especially intrigued me. John Guttag and Jim...

Undoubtedly, the rapid transformation of a band of four Northeast Asian economies (South Korea, Taiwan, Singapore and Hong Kong) since the mid-1960s has been unprecedented in economic history. Their experience has surpassed the earlier experience of Japan’s transformation into an industrial economy, and that of the former USSR. Although...