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With respect to an investment in the real estate company itself, such deception may signal that the time has come to sell your shares. Under IFRS, companies may reduce interest rates each year to manipulate property valuations upward. As we’ve discussed, a reduced interest rate increases the property value. The real estate company can then record the dollar difference between this year and last year as income under IFRS rules for real estate entities, giving investors the impression that they own shares in a sound, growing company. (In other industries, IFRS does not allow a company to use this trick when valuing a single building.) Investors must determine the exact reporting concepts that a company has chosen when preparing its financial statements.
Easy Prey Investors
Al Rosen, Mark Rosen
The lady in Chicago survived, she told me, through stories. Which is at the core of traditional therapy: retelling the family saga. Talk about it, the old wisdom says, and you get better. From narratives about childhood, this woman manufactured a self, neither cut off from her past nor mired in it. In our solitary longing for some reassurance that we’re behaving okay inside fairly isolated families, personal experience has the possibility to transform both the tellers of it and the listeners to it.
The Liars' Club
Mary Karr
BRITAIN’S JOINT MILITARY PLANS with France were begotten in 1905 when Russia’s far-off defeats at the hands of the Japanese, revealing her military impotence, unhinged the equilibrium of Europe. Suddenly and simultaneously the government of every nation became aware that if any one of them chose that moment to precipitate a war, France would have to fight without an ally. The German government put the moment to an immediate test. Within three weeks of the Russian defeat at Mukden in 1905, a challenge was flung at France in the form of the Kaiser’s sensational appearance at Tangier on March 31. To Frenchmen it meant that Germany was probing for the moment of “Again” and would find it, if not now, then soon.
The Guns of August
Barbara W. Tuchman and Robert K. Massie
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