Professor Elam

Here is another example of globalization, The NYSE has merged with the European Exchange.  The NYSE has been racing to get this deal done to stay a large market as others around the world are doing the same and equities are caught behind the big commodity mergers.  Accounting wise, this will hasten the adoption of IASB standards here, usurping FASB standards, whoa, look for a raft of new intermed accounting books by 2009, the date the SEC has set for congruence of standards.

Another tip of the hat to Jason Raper for bringing this one to my attention.