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New Bank Rules Sink Stocks
(Wall Street Journal) – President Barack Obama proposed new limits on the size and activities of the nation’s largest banks, pushing a more muscular approach toward regulation that yanked down bank stocks and raised the stakes in his campaign to show he’s tough on Wall Street.
 
Deductibility of Expenses Associated with Renting a Second Home
(Ther CPA Journal) – The tax rules governing expenses incurred in owning or renting a second home are likely to be important to many taxpayers in the coming years, for several reasons.
 
Summary of FASB/IASB Joint Board Meeting
(FASB) – Summary of Board decisions are provided for the information and convenience of constituents who want to follow the Board’s deliberations.
 
When Lower Prices Equal Higher Profits
(Forbes) – When Apple founder Steve Jobs revolutionized the digital music world with the introduction of the iPod in October 2001, he faced a dilemma: How much is a song actually worth.
 
A New Search for Consensus on Health Care Bill
(NY Times) – Even as Speaker Nancy Pelosi affirmed her commitment to pass far-reaching health care legislation this year, members of Congress and health policy experts began Thursday to deal with the reality that a smaller bill would have a better chance.

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