The Globe and Mail reports in its Wednesday edition that U.S. President Donald Trump is reviving yet another failed idea from his first term in the Oval Office by reiterating a call for American public companies to cease disclosing financial results every quarter, and instead move to a semi-annual reporting schedule. The Globe's Rita Trichur writes that conveying his plans in a post on his Truth Social platform, he said the shift was subject to approval from the Securities and Exchange Commission. "This will save money, and allow managers to focus on properly running their companies," Mr. Trump stated in his post on Monday. Bizarrely, he is taking his cue from communist China, which "has a 50 to 100 year view on management of a company." China, the bastion of good capitalism; yikes. Although the SEC previously studied and subsequently rejected a similar request from Mr. Trump in 2018, he may well get his way this time. SEC chairman Paul Atkins has said the regulator as "part of the executive branch" of the U.S. government. Quarterly reporting has been accepted practice in the U.S. since 1970. Mr. Trump's proposal to turn back the clock would give added cover to corporate fraudsters and encourage more insider trading.