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Inflation: Understanding its Impact on the Economy

Tom Spencer

This article explores the nature of inflation, delving into its impact on different socioeconomic groups, the balance between inflation and unemployment, and the historical theories that have shaped monetary and fiscal policy decisions. Most mainstream economists have a strong aversion to deflation.

Policies 147
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Bank Profitability: Decoding the Income Statement

Tom Spencer

A bank’s income statement can be simplified into five main line items: Net interest income Non-interest income Operating expenses Provision for credit losses (PCL) Tax Image 1: Illustrative example of a bank’s income statement Source: CIBC’s 2022 Annual Report 1. The biggest swing in operating expenses is likely to be variable compensation.

Banking 88
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Quote Your Consulting Billing Rate with Confidence

Successful Independent Consulting

Benchmark so you know your rate is reasonable. It’s a matter of what they’re used to and their operating margins. Grocery vs biotech — Some industries have notoriously low or high operating margins, so the money they have to reinvest back into the business will vary along with their price sensitivity.

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An Insight into Special Services: Transfer Pricing

Tom Spencer

For multinational corporations operating in multiple jurisdictions and tax regimes, however, transfer pricing offers an opportunity for tax-optimisation. Firms do this mainly by searching for companies with similar profiles, and benchmarking prices against those used in the broader market.

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Why CEOs Can’t Dance Redux

Rick Conlow

They operate in a bubble and do not attend the party. As an employee, I am sure you can identify with the poor communication you have seen from your employers related to expectations, priorities, medical benefits, lack of recognition, policy changes, and work procedures. Too many do not dance because they have lost touch with reality.

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 “Additional Responsibilities” in Consulting

Tom Spencer

Additional responsibilities are activities that consultants take on to support the internal operations of the firm. Most firms have an expectation of at least a minimum benchmark level of additional responsibility work. What are Additional Responsibilities? Just to better illustrate it, prime examples include: Social activity planning.

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What the Companies on the Right Side of the Digital Business Divide Have in Common

Harvard Business

While some have invested significantly in technology, operational, and cultural changes, others are lagging behind. Other financial and operating indicators showed similar disparities. The broad deployment of digital technology requires rethinking both business and operating models. for leaders and 3.2% for laggards.

Company 28