Assault course: the Middle East

Article Abstract:

The end of the seven-day conflict between Israel and Lebanon has generated unusual Arab support for Lebanon's army to help it control Hezbollah and prove there is no need for an Israeli-imposed security zone. Syria has played a key role and is also working to resume Middle East peace negotiations.

Israel, Military policy, Lebanon, Hezbollah

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Trimming hedges: derivatives accounting

Article Abstract:

The US Financial Accounting Standards Board has released a draft version of new standards for derivatives and hedging accounting. Investment firms are upset by the standards because they could create a misleading impression of their financial positions.

Standards, Accounting and auditing, Derivatives (Financial instruments), Hedging (Finance), Financial Accounting Standards Board

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