New GASB Statements: Considerations and Best Practices for Public Pension Fiduciaries

Since the economic crisis, public finance commentators have urged caution in light of the troubles facing Detroit or Puerto Rico. Recent changes in accounting rules for public pensions have raised concerns about risks for managers of those pensions under federal securities laws. The Government Accounting Standards Board (GASB) sets accounting standards for public pensions. It

The Uber Problem

Uber and Taxis

The so-called “ride sharing” service Uber has grown dramatically over the last few years. The company’s business model is actually quite simple: its smartphone-based app connects drivers offering rides and passengers seeking them, passengers pay mileage-based fees through credit cards that the company keeps on file, and Uber then takes a percentage of each fare