XBRL: Financial Content Management Language

first_imgOver the last week Jon Udell of InfoWorld has had a podcast and a number of blog entries about XBRL (eXtensible Business Reporting Language). Since 2000, many have expected to see a revolution in the accounting and financial industry because of XBRL.  It just didn’t happen though because industry acceptance was lacking.  But that seems to be changing.  In October 2005, the US Federal Deposit Insurance Corporation (FDIC) and the Federal Reserve Board launched an XBRL project that mandates banks to submit quarterly reports in XBRL format.  8300 banks are now participating.  The SEC is also moving towards standardizing XBRL as the language for exchange and reporting of financial information.  EDGAR Online is providing company financial statements in XBRL format.  And XBRL is gaining ground in Europe too.XBRL as a standard exchange format will revolutionize the way financial data can be communicated, often shaving days or even months off of existing processes.   Company financial records can be consolidated.  Manual re-entry or data transformations will be eliminated.  XBRL will further commoditize/standarize datasets operated on by accounting software and ERP packages.Further, XBRL will form the foundation for software tools and applications that will help corporations provide the greater transparency that compliance regulations like Sarbanes-Oxley have been demanding.  Financial comparative analyses of companies can be run at the push of a button. This will be a huge plus for securities analysts and investors.Technologies like XBRL and ECM (Enterprise Content Management) document and records management are key towards giving companies and their auditors greater control in finding corporate information.last_img read more

Natural Fibers, Part One: The Ultimate in Comfort

first_imgSurrounding ourselves with natural fibers is like comfort food—inviting and comfortable in so many ways. All-natural materials like cotton, wool, soy silk, flax/linen, ramie, bamboo, Tencel, corn, jute, and hemp also have less embodied energy than their petroleum-based counterparts.Naturally (pun intended), even these have environmental impacts. As noted in Green Building Advisor’s Product Guide, conventional cotton is grown with significant chemical fertilizer and pesticides. Wool and silk—animal products imported from overseas sources— typically are treated with chemicals to ward off moth infestation and microbial growth. Hemp and jute, also primarily from overseas sources, are fairly resistant to pests, both as plants and after manufacture into fabrics.As a rule, however, natural fibers tend to require minimal processing before manufacturing, which reduces their environmental impact over the entire life cycle. Eco characteristics generally include the minimal use of chemicals and pesticides; responsible land management and sustainable ranching/farming practices; certifications; and fair trade practices. Take into account as well the raw material selection, production, dye process, usage, and disposal in addition to the consumption of energy, water, and chemicals.last_img read more

All About Vapor Diffusion

first_img Sign up for a free trial and get instant access to this article as well as GBA’s complete library of premium articles and construction details. Start Free Trial Already a member? Log in Building scientists talk about several different moisture transport mechanisms. Most of these mechanisms — for example, water entry due to a roof leak — are easy to understand. Other transport mechanisms, like vapor diffusion, aren’t quite as intuitive.First, some basic definitions. Water vapor is water in a gaseous state — that is, water that has evaporated. It is invisible.Water vapor diffusion is the movement of water vapor through vapor-permeable materials. Vapor diffusion happens through a solid material even when the material has no holes.A typical example of vapor diffusion happens when a material — for example, gypsum drywall installed on a wall — separates two zones. If the air on one side of the drywall is very damp, and the air on the other side of the drywall is very dry, moisture in the air will diffuse through the drywall.To understand how this happens, imagine how drywall takes on water when it is damp. On a dry day in Arizona, drywall is crisp. When scored with a sharp knife, it can be easily snapped. However, if a sheet of drywall is left for a week lying flat on a damp basement slab in Vermont, it gets limp and noodly. Drywall absorbs moisture like a sponge from either face, and it also dries out readily from either face via evaporation.If the drywall is screwed to a stud wall that separates a damp area from a dry area, the drywall absorbs moisture on its damp side. Moisture evaporates from its dry side. The moisture has moved through the drywall by diffusion.When water vapor diffuses through a vapor-permeable material, the driving force is either a vapor pressure difference (in which case the water vapor moves from the zone of higher vapor pressure to the zone of lower vapor pressure) or a… center_img This article is only available to GBA Prime Memberslast_img read more

Tie My Netflix Account to Facebook? No Thanks

first_imgNetflix’s long-delayed integration with Facebook is here. This week, the company will roll out the option to customers in the U.S., where the archaic Video Privacy Act was recently amended to permit this type of feature. The integration is not as annoying as it could be, but I’m going to sit this one out.First, the upside: It’s great that Netflix was able to get an outdated law changed to remove an illogical stumbling block to innovation. If only it was always so easy. And in theory, I see why showing me my friends’ recently-viewed movies could have some value. On a basic level, this feature makes sense.(See also: Thanks Congress, But We Need Privacy Laws, Not More Social Sharing)Netflix also deserves some credit for limiting the integration so that it doesn’t barf my entire viewing history onto Facebook by default. I have to explicitly tell Netflix that I’d like to be that obnoxious. Instead, it uses Facebook’s social graph to help recommend shows and movies within Netflix itself.But do we need more frictionless sharing? Here’s something nobody ever says: “I really love the way I can see everything my friends are listening to on Spotify via Facebook.” They might say, “My friend posted a YouTube video of this awesome new song” or “I noticed everybody was posting about this new album, so I checked it out.”  There are a few problems with this model.I Don’t Want To Share EverythingNot every detail is worthy of sharing, because not every detail is important. If I watch five minutes of a movie to see if I like it, it shouldn’t get the same social vote as my all-time favorites. Netflix has much more valuable data than simply “John Paul watched Arrested Development.” It knows about my historical viewing habits, informed in part by ratings and preferences I’ve explicitly declared. That’s much more insightful than whether or not I clicked the play button. Hopefully these signals will find their way into Netflix’s social integration in time (if they’re not lurking under the hood already). Sometimes we like to indulge in things that we wouldn’t necessarily tell the world about, just like I might occasionally blast “This is How We Do It” by Montell Jordan on Spotify in the middle of my workday when nobody’s around. (Now you know). On Netflix, you’ll be able to opt out of sharing on a video-by-video basis, which is smart. But I still think sharing should be an opt-in experience, not an opt-out one. Something should be important enough for me to *want* to share it and then willingly expend the effort required to do so. I shouldn’t have to stop before playing each video and think, “Wait, do I want to *not* share this?”  If we have to think a thought like that, we’re probably sharing way too much. I’m Not The Only One Who Uses My Netflix AccountChances are, you’re not the only person watching TV shows and movies on your Netflix account. I know I’m not. If my roommate is binging on Keeping Up With the Kardashians, do you really want me to auto-recommend shows to you? A roommate is one thing, but what about an entire family? As Techcrunch’s Sarah Perez writes, anybody who connected to her via Facebook and Netflix is going to see a lot of Dora the Explorer, Tinker Bell and Sesame Street, because that’s what her young daughter likes to watch. The more crowded your household is, the less useful this data becomes. Thankfully, Netflix is working on personalized profiles to help solve this problem, but they’re not ready yet. Until that feature launches, this one is going to be decidedly imperfect. I Already Know What My Friends Like, Because We Talk To Each OtherWith or without Facebook, television and movies are already an inherently social type of content: We watch them with friends and family and we talk about them in social gatherings. I already know what my friends like, because we’re human beings who, despite heroin-grade addictions to technology, still talk to each other face-to-face.  Seriously, I feel like I have a pretty good idea of the shows and movies that people I know like, with or without an algorithm. It’s entirely possible Netflix could dig up some gem via Facebook’s social graph, but if it’s worth watching, I’m sure I’ll come across it eventually. Besides, I don’t know about your queue, but mine is perpetually overloaded. Doesn’t Facebook Already Know Enough About Us? Companies like Facebook already know so much about us. Do we really need to funnel more data about our lives onto their servers? I realize this is just an inevitable feature of our digital world and that I should suck it up. And usually, I do. Google knows even more about me than Facebook. I willingly hand over all that data, but it’s getting to the point where if divulging a new set of data about myself to some company isn’t going to add a significant and obvious value to my life, I’m going to skip it.Of course, I’m already surrendering this information to Netflix by using their service in the first place. But my relationship with them is clear: I pay $8 per month and I get to stream whatever content they’re offering. They use data about me to improve the experience, and I happily keep shelling out that money.  With Facebook, it’s less clear. I joined without much thought eight years ago, am vaguely addicted to it and constantly wonder how much value I’m really getting out of the service. It weirds me out sometimes. I think about quitting.It’s also still forging its business model. It won’t rely on subscription fees, but instead will find a way to turn that data about me into dollars.  That’s fine, in theory, but I don’t know exactly how they’ll do it or if I trust them in general.  12 Unique Gifts for the Hard-to-Shop-for People… Tags:#Facebook#frictionless sharing#Netflix#Streaming video john paul titlow 5 Outdoor Activities for Beating Office Burnoutcenter_img 9 Books That Make Perfect Gifts for Industry Ex… 4 Keys to a Kid-Safe App Related Posts last_img read more

In The Spotlight – New South Wales Scorpions

first_imgWhat would you say are the strengths of your team? I’d say our strengths are the combination of young players and experienced players, as well as having coaches who are current players and extremely knowledgeable. It has allowed us to share ideas and experiences and I think this really makes us strong. Who do you expect to be your toughest opponents? Every team is going to be our toughest competitor. Every game and every team poses a different threat and so I think that this, as well as the nature of the Elite Eight series, makes it impossible to say which team will be our toughest competitor. What would it mean to you to win the Elite Eight series? It would be so awesome to win the Elite Eight series and it would be a credit to all of the hard work the girls and our coaches have done in the lead-up to the series. Also to say that we have won the first Elite Eight series would be incredible! To overcome all of the talent that will be on display would be a great achievement.Stay tuned to the website for the upcoming editions of In The Spotlight, which will feature every team in the Elite Eight series. To keep up-to-date with all of the latest news and information in the lead up to and during the 2011 X-Blades National Touch League, go to www.ntl.mytouchfooty.com and don’t forget to become a fan of Touch Football Australia on Facebook by clicking on the following link:http://www.facebook.com/#!/pages/Touch-Football-Australia/384949403384 How is your team’s preparation going in the lead up to the event? The Scorps girls have been training really well and we’ve had a lot of fun. Tash (coach – Tony El Takchi) is teaching us a lot and keeping us all together so it will be interesting to see how we go in a proper game.center_img In the eleventh edition of In The Spotlight, the New South Wales Scorpions’ Sarah Peattie speaks about her team’s preparation in the lead up to the Elite Eight. How does it feel to be a part of the 2011 Elite Eight series? It feels so great to be a part of a new tournament and concept for elite Touch. It is going to be really competitive and a real challenge for every team.last_img read more

Stocks slip but remain on track for another winning week

first_imgNEW YORK — Stocks slipped in Friday morning trading, as falling oil prices dragged down energy companies, but the S&P 500 remained on track to close out its third straight winning week following a brutal December.KEEPING SCORE: The S&P 500 was down 14 points, or 0.6 per cent, at 2,582, as of 10 a.m. Eastern time. The Dow Jones industrial average fell 155, or 0.6 per cent, to 23,846, and the Nasdaq composite lost 44, or 0.6 per cent, to 6,942.CRUDE CALL: Energy stocks in the S&P 500 fell 1 per cent for the largest loss among the 11 sectors that make up the index. Exxon Mobil, Chevron and ConocoPhillips all dropped more than 1 per cent.Benchmark U.S. crude oil fell 81 cents, or 1.5 per cent, to $51.75 per barrel and on pace to break a long winning streak. Oil has climbed for nine straight days, as it recovered a portion of sharp losses from prior months when worries flared about weakening demand and too much supply.Brent crude, the international standard, sank $1.07 to $60.61. If it remains down, it would be the first drop for oil in two weeks.2019 RELIEF: The S&P 500 has been clawing back gains since running to the edge of what traders call a “bear market,” when it dropped 19.8 per cent between setting a record in September and a low on Christmas Eve. Stocks have climbed on soothing words from the Federal Reserve about the future path of interest rates, plus hopes that the U.S.-China trade dispute may ease. That’s helped to at least paper over worries about slowing growth for corporate earnings and the possibility of a looming recession.Even with Friday’s weak opening, the S&P 500 is on pace for a 1.9 per cent gain this week. It would be the third consecutive winning week for the index, its longest since August. Not only that, the last three weeks of gains have all been of at least 1.8 per cent. If that holds, it would be the longest such streak since 2001.US-CHINA TALKS: Talks between American and Chinese negotiators may have ended without significant breakthroughs, but traders are choosing to focus on the positives. The fact that talks lasted a day longer than planned, conciliatory statements from both sides and the possibility of higher-level talks in the near future are driving gains in Europe and Asia. In December, U.S. President Donald Trump and Chinese leader Xi Jinping agreed to a 90-day tariffs cease-fire, for negotiators to soothe tensions that have unsettled trade.MARKETS ABROAD: In Asia, Japan’s Nikkei 225 index jumped 1 per cent, the Kospi in South Korea rose 0.6 per cent and the Hang Seng in Hong Kong gained 0.5 per cent. In Europe, France’s CAC 40 dropped 0.6 per cent, and Germany’s DAX lost 0.6 per cent. The FTSE 100 in London fell 0.4 per cent.INTEREST RATES: The yield on the 10-year Treasury note fell to 2.68 per cent from 2.73 per cent late Thursday.The Associated Presslast_img read more

February PV sales dip 111 may miss fullfiscal forecast

first_imgNew Delhi: Domestic passenger vehicle (PV) sales dropped 1.11 per cent in February, making it the seventh decline in eight months, prompting auto industry body SIAM to suggest that it will miss even the scaled down forecast of 6 per cent for the ongoing fiscal.The Society of Indian Automobile Manufacturers (SIAM) said uncertainty ahead of elections coupled, weak market sentiment and unfavourable factors like high interest rates and insurance cost are continuing to affect sales. In its latest data, SIAM said domestic PV sales were at 2,72,284 units in February, down from 2,75,346 units in the same month previous year. Also Read – Maruti cuts production for 8th straight month in Sep”What we are seeing is that the market sentiment is subdued. Interest rates are still high and we have not been able to recover from the impact we have had earlier on the year,” SIAM Director General Vishnu Mathur told reporters here. The sales decline in February is the seventh instance in the last eight months, with the only positive growth since July last year coming in October, he added. In the April-February period this fiscal, PV sales have grown 3.27 per cent at 30,85,640 units as against 29,87,859 units in the year-ago period. Also Read – Ensure strict implementation on ban of import of e-cigarettes: revenue to CustomsWith people postponing discretionary spends like buying cars ahead of the elections, coupled with the current subdued sentiments, Mathur said it was unlikely that March sales will be high. “So we are more or less looking to end the year at around 3 per cent growth which we have witnessed so far,” he added. In the beginning of the fiscal, SIAM had projected 8-10 per cent growth for PV sales but it was revised to around 6 per cent after dip in sales from the third quarter onwards. In February, PV market leader Maruti Suzuki India posted 0.19 per cent increase at 1,39,912 units. Hyundai Motor India saw its PV sales decline by 3.13 per cent to 43,110 units. Mahindra & Mahindra, however, posted 16.86 per cent growth at 26,106 units. SIAM said domestic car sales were also down 4.33 per cent to 1,71, 372 units as compared to 1,79,122 units in February 2018. MSI’s car sales were down 3.25 per cent at 1,00,513 units. Hyundai Motor India also witnessed a decline of 6.43 per cent at 32,792 units. Honda Cars India, however, posted a jump of 46.53 per cent at 10,920 units in February this year. Total two-wheeler sales in February were down 4.22 per cent to 16,15,071 units compared to 16,86,180 units in the year-ago month, SIAM said. Motorcycle sales last month declined by 0.58 per cent to 10,47,486 units as against 10,53,596 units a year earlier. Market leader Hero MotoCorp posted 1.65 per cent increase in its bike sales in February at 5,44,073 units. Rival Bajaj Auto also posted a growth of 6.28 per cent at 1,86,523 units, while Honda Motorcycle and Scooter India (HMSI) witnessed a decline of 11.66 per cent at 1,45,260 units. Scooter sales in February stood at 4,92,584 units as against 5,60,653 units in the same month last year, down 12.14 per cent, SIAM said. Scooter market leader HMSI saw its sales dip by 19 per cent to 2,63,299 units during the month. Similarly, Chennai-based TVS Motor Co also witnessed 8.68 per cent drop in scooter sales at 83,543 units during the month. Hero MotoCorp posted 19.36 per cent decline at 56,543 units. Sales of commercial vehicles was also down 0.43 per cent to 87,436 units in February, SIAM said. Vehicle sales across categories registered a decline of 3.65 per cent to 20,34,768 units from 21,11,804 units in February 2018, it added. Meanwhile, Hyundai Motor India said on Friday that it would launch a subscription model initially in six cities across the country as part of its partnership with self-drive car-sharing firm Revv. Hyundai Subscription aims to provide an opportunity to the customers to experience Hyundai product portfolio, with hassle-free ownership, flexibility and limited commitment through subscription-based ownership model.last_img read more

Star power doesnt matter in web space

first_imgAfter creating a niche in the film industry with her versatility, passion, and love for acting, Isha Koppikar is now working to leave her impression on the web space. The actor says she is always in search of good content and that’s all that matters to her. “My focus has always been ‘good content’. I want to do roles that are substantial, roles that one can reckon with. I want to play characters that will allow me to experiment and grow as an actor. The idea is, whatever you do, make sure you choose good content. When you work on a good project, you experience a high. I want to be in that high all the time,” says Koppikar. Also Read – The Puja carnivalOn how star power doesn’t really matter in the web business, Isha says, “In web, we care more about good actors who can justify the role. Content is the sole king here. This is because unlike movies, numbers are not an aspect to be concerned of.” The actress is currently working for ALT Balaji’s upcoming web series Fixers. She will be seen playing the character of Sub-Inspector Jayanti Javdekar, a typical Marathi woman who lives in a modest house with her young son and husband. Also Read – Wave City brings special offers this NavratraFixer tells the thrilling story of a tainted ATS officer from Delhi who is drawn into the murky underbelly of Mumbai movie mafia and industrialists and becomes a fixer. Exuding immeasurable power and strength, Jayanti is the one who Malik relies on for any information or arrangements. Besides, Hindi cinema and web space, the actress has proven her acting potential in Kannada, Telugu and Tamil movies including ‘O Nanna Nalle’, ‘Jodi, Surya Vamsha’, ‘Prematho Raa’ to name a few. Being a part of this industry for more than two decades now, she has seen how the audience and their demands have evolved over the years. Isha feels, today, the audience is much smarter and it is difficult to cater to their demands and match to the level of their expectations. “This new generation has got immense exposure because of technology, as a result of which their thought process is changed. They are glued to information and are constantly looking for something meaningful. This is one of the reasons why reality-based web shows and movies are doing well,” says Koppikar who wishes to play a character like a warrior queen Wonder Woman in her career. However, in the real world, she is indeed a wonder-woman balancing a hundred things on her plate. She is not just an actor, but a wife, mother, an entrepreneur, a politician and a lot more. Sharing her mantra of managing everything so well, Isha says, “We all have to balance for better. It is all about how much you value your time as well as the time of others who are important to you. Also, it is important how you utilise that time. Like, I have a 4-year-old daughter. I can be with her all day but if I am not participating in her day-to-day activities, how am I adding value to her life as a mother,” “I believe, we all have time… we make time for what is important,” she concludes.last_img read more

Asteroid makes close approach to Earth NASA

first_imgNEW YORK – NASA stated Friday a newly discovered asteroid made a close approach to Earth on September 16, which “could be back in Earth’s neighborhood in 2032”The National Aeronautics and Space Administration (NASA) stated Friday a newly discovered asteroid made a close approach to Earth on September 16, which “could be back in Earth’s neighborhood in 2032”.Published on NASA’s official website, the statement said the asteroid named 2013 TV135 was initially estimated to be about 400 meters (1,300 feet).The scientists said the asteroid made it’s closest approach as about 6.7 million kilometers (4.2 million miles), whose orbit carries it as far out as about three quarters of the distance between the Moon and the Earth.Scientists, who made observations for an orbital period that spans almost four years, stated its future orbital path was still quite uncertain. NASA’s Near-Earth Object Program Office noted the probability this asteroid could then impact Earth was only one in 63,000.The asteroid was discovered on October 8, 2013, by astronomers working at the Crimean Astrophysical Observatory in Ukraine. As of October 14, asteroid 2013 TV135 is one of 10,332 near-Earth objects that have been discovered.“To put it another way, that puts the current probability of no impact in 2032 at about 99.998 percent,” said Don Yeomans, manager of NASA’s Near-Earth Object Program Office at the Jet Propulsion Laboratory in Pasadena, Calif. “This is a relatively new discovery. With more observations, I fully expect we will be able to significantly reduce, or rule out entirely, any impact probability for the foreseeable future.”NASA detects, tracks and characterizes asteroids and comets passing close to Earth using both ground- and space-based telescopes. The Near-Earth Object Observations Program, commonly called “Spaceguard,” discovers these objects, characterizes a subset of them and identifies their orbits to determine if any could be potentially hazardous to the planet.JPL manages the Near-Earth Object Program Office for NASA’s Science Mission Directorate in Washington. JPL is a division of the California Institute of Technology in Pasadena.last_img read more

Egypt presidency hails high turnout in key referendum

first_imgCAIRO- Egypt’s presidency hailed on Thursday the “high turnout” in a constitutional referendum, billed by the military-installed government as an endorsement of the overthrow of Islamist president Mohamed Morsi in July.The president’s spokesman “remarked, on the high turnout in the referendum, that it was a beautiful day for Egypt and democracy,” a statement said.Official results for two days of voting that ended Wednesday have not yet been announced.last_img