Tatiana Grozetskaya // Shutterstock

On primary day in New York City, voters who consider themselves independent were excluded from the primary. The big apple has a closed primary, which means that only voters who are registered with either the Republican or Democratic Party are eligible to participate.

Shutterstock // Credit: Chris DeRidder

... and why does this matter for government accounting?

The financial crisis in recent years challenged many widely-held assumptions, including an assumption of innocence for ‘cash and cash equivalents.’   The fearful crowd lost confidence generally, and rationally, given the leverage in the system, resulting in a widespread run on the bank.  But we aren’t in Kansas anymore, Dorothy.  This isn’t Jimmy Stewart’s banking system.

In an election that might foretell trends in 2014, the Virginia gubernatorial race may have a spoiler.

In recent polling, Libertarian Party candidate Robert Sarvis has accumulated approximately seven percent of the vote in the race between Democrat Terry McAuliffe and Republican Ken Cuccinelli.

Both independent and partisan observers have long described the United States as an ox or a mule that refuses to turn or move on the inclinations of an unpredictable caretaker. Symbolically, of course, we the people are the unpredictable and often unstable caretakers of our own nation.