The Globe and Mail reports in its Saturday edition that U.S. President Donald Trump fired the head of the Bureau of Labour Statistics in August when he did not like the jobs numbers the agency released. A New York Times dispatch to The Globe says accurate data are becoming scarce for a variety of other subjects, too, including deportations, pollution emissions and the cost of extreme storms. The last thing we need now is further cuts in data. Yet Mr. Trump wants to slash another precious information trove: the quarterly earnings reports made by publicly traded companies. The President has called on the Securities and Exchange Commission to eliminate the requirement that publicly traded companies report their earnings every three months. And on Monday, SEC chair Paul Atkins said he would "fast track" the President's desire to shift corporate America to a twice-yearly reporting cycle, instead of a quarterly one. Theoretically, it could give burdened executives more time for long-term thinking -- but numerous studies have found no discernible improvements in corporate planning or performance in countries where it has been tried. Without high-quality, frequently published information, we would be further in the dark.
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