Paul Grignon's 47-minute animated presentation of "Money as Debt" tells in very simple and effective graphic terms what money is and how it is being created. It is an entertaining way to get the message out. The Cowichan Citizens Coalition and its "Duncan Initiative" received high praise from those who previewed it. I recommend it as a painless but hard-hitting educational tool and encourage the widest distribution and use by all groups concerned with the present unsustainable monetary system in Canada and the United States.

The following paper draws on material originally contained in IMF Working Papers 00/50 and 00/29, respectively, "The Pros and Cons of Full Dollarization" and "The Choice of Exchange Rate Regime and Monetary Target in Highly Dollarized Economies".

Why are foreigners willing to invest almost $2 trillion per year in the United States? The answer affects if the existing pattern of global imbalances can persist and if the United States can continue to finance its current account deficit without a major change in asset prices and returns. This paper tests various hypotheses and finds that standard portfolio allocation models and diversification motives are poor predictors of foreign holdings of U.S. liabilities.

In this paper, we propose a new method called Prototype Ranking (PR) designed for the stock selection problem. PR takes into account the huge size of real-world stock data and applies a modified competitive learning technique to predict the ranks of stocks. The primary target of PR is to select the top performing stocks among many ordinary stocks. PR is designed to perform the learning and testing in a noisy stocks sample set where the top performing stocks are usually the minority. The performance of PR is evaluated by a trading simulation of the real stock data.

The Bank for International Settlements, in cooperation with central banks and monetary authorities worldwide,
compiles and disseminates several data sets on activity in international banking and financial markets. The latest available data on the international banking market refer to the third quarter of 2007.

The Webpage of the Mexican Stock Market.

Earnings per share is not part of stockholders' equity. Nonetheless, we are including an introduction to the topic here because the calculation for earnings per share involves the stock of a corporation.

When it comes to dividends and liquidation, the owners of preferred stock have preferential treatment over the owners of common stock. Preferred stockholders receive their dividends before the common stockholders receive theirs. In other words, if the corporation does not declare and pay the dividends to preferred stock, there cannot be a dividend on the common stock. In return for these preferences, the preferred stockholders usually give up the right to share in the corporation's earnings that are in excess of their dividends.

Cash dividends (usually referred to as "dividends") are a distribution of the corporation's net income. Dividends are analogous to draws/withdrawals by the owner of a sole proprietorship. As such, dividends are not expenses and do not appear on the corporation's income statement.

A stock split will not change the general ledger account balances and therefore will not change the dollar amounts reported in the stockholders' equity section of the balance sheet. (Although the number of shares will double, the total dollar amounts will not change.) Although the 2-for-1 stock split is typical, directors may authorize other stock split ratios, such as a 3-for-2 stock split or a 4-for-1 stock split.