Forensic Economists often utilize the arithmetic average for calculating growth rates to estimate economic damages. While it may be convenient to calculate the arithmetic average, it is mathematically inaccurate when such a rate is compounded. In such cases, it is incumbent upon the Forensic Economist to employ the geometric mean. In this note, we outline the when, why and how to employ the accurate use of the geometric mean.
According to the Watson Wyatt 2007/2008 Communication ROI Study, effective employee communication is a leading indicator of financial performance, meaning that companies that invest in employee communication and implement or improve communication practices typically see higher subsequent financial returns. As communication professionals, their role is increasingly vital to the health and prosperity of the organizations they support. It's incumbent upon communicators to gather and present data so the value of effective communication is evident. Communicating without clear objectives leads to a fragmented and ineffective end. By engaging your audience and asking them what they need to do their jobs more effectively, you will be armed with first-hand data. Feedback from managers often poin...
According to several media outlets, the investigation is looking at whether the company and the federal agency engaged in possible criminal conduct related to the April 5 explosion at Massey's Upper Big Branch Mine. CtW stated it is incumbent upon Massey's independent directors to assert independent leadership by immediately convening a special committee comprised solely of independent directors to investigate the events and circumstances leading to the FBI's alleged inquiry, including a detailed investigation into any possible criminal wrongdoing.
The current financial crisis resonates with every American, regardless of their connection to the securities markets. Many struggle to understand how and why the American financial and securities markets collapsed last year. In essence, why did the regulators fail to prevent the collapse? Government officials continue to analyze the relationship between the structural collapse of the markets and regulators' limited jurisdiction over a class of entities whose transactions substantially impact the markets: hedge funds. Congress can no longer deny hedge funds' detrimental impact on the financial and securities markets. The impetus for financial re-regulation has arrived. It is incumbent upon Congress to enact laws which extend the jurisdiction of federal regulators to hedge funds. At a min...
Doing so ensures we will remain a professional military force striving for unmatched capability, character, and values in the future.2 The Army enjoys a strong ethical tradition, but as General Casey recently noted, "if you walked around the Army [today] and asked people what the Professional Military Ethic is, you would likely get a number of different answers" because a singular guiding professional ethic does not exist.3 While the lack of an articulated ethic has not prevented us from living up to the moral expectations incumbent upon military professionals in the past, the moral ambiguity in today's prevailing complex operating environment is likely to persist well into the future.4 Therefore, we should reconnect with our roots today so as not to run adrift in the future. Soldiers,...
State Rep. Brad Roae says it's incumbent upon House members to forego the cost-of-living adjustment they are due to receive on Dec. 1, because public school teachers and state workers have agreed to one-year pay freezes. House members "should lead by example," just as schoolteachers and state workers have, says Roae, a Crawford County Republican.
By BRIAN CAMDEN THIS LABOR DAY weekend marks the 230th anniversary of The Battle of the Chesapeake, the decisive naval battle that secured America's freedom from England. Thus, it is incumbent upon us honest historians to recount one of the most momentous chapters of our history:
Certainly you've learned by now that the bipartisan congressional Joint Select Committee on Deficit Reduction, or the so-called supercommittee, failed to reach a deal and its members and their colleagues are back home enjoying the wholesome American tradition known as Thanksgiving. Those same politicians will continue to talk turkey after they return to Washington. But before they do, it's incumbent upon us on this day and in the months ahead to remember that cutting federal spending can benefit each and every American if we do our part to fill a breach.
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