The parent company proposing to reopen the Idaho-Maryland Mine is out of cash, has lost $11.45 million since January 2007, and is saddled with strong doubts about raising money for the future, according to its financial statements.Mine on financial hard rocks (The Grass Valley Union)

A white paper released by the White House outlining the administration s plan for financial regulatory reform recommends that accounting standard-setters make more progress in agreeing on a single set of accounting standards by the end of the year and iron out differences over fair value accounting.Obama Plan for Regulatory Reform Includes Accounting Convergence (WebCPA)

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