A new report from the Investor Environmental Health Network (IEHN) warns that billions of dollars in potential asbestos-like litigation risks for nanotechnology companies and investors are now hidden due to weak regulations governing disclosures of liabilities. According to the report, some of the nanotechnologies are now commonly found in sunscreen, cosmetics, food, clothing, sporting goods and packaging are showing signs of posing serious hazards to human health and the environment.

The good news for investors is that the U.S. Securities and Exchange Commission (SEC) and the Financial Accounting Standards Board (FASB) are now in the process of examining disclosure requirements and …read more

Today’s Big Fun News is all about new accounting rules for banks. Now, we’ve known for years that in personal finance, our situation would be a mess if we used the same rules that the government and corporate America use. However, I do kind of like the idea of having my personal accounting work based on the new rules offered to the banks. All I have to do is say I’m worth as much as I want — as long as I come up with a valuation formula to back me up.
Today the Financial Accounting Standards Board here in the …read more