Professor Elam

I have urged students to subscribe to the Wall Street Journal and Business Week.  For decades frankly B/W was a second tier publication to Forbes with Fortune trailing Forbes. No longer.  For real news on Business Business Week  is now quite a bargain. The latest issue entitled Notso Smart sports a guy with a red pool ball nose on the cover.  But it is chock ful of information, consider

Not so smart is four articles plus the weekly article on the economy about how leveraging beyond belief has brought the credit markets to a standstill. The reason is that no one can tell who owes who. The repackaging of debt into CLO and CDO brought the commercial paper market to a standstill. That is why Bernake had to  lower the FED window rate and encourage banks to borrow to fund enough liquidity to keep things going.  But as the article explains, most of this is out of his hands.  Now consider all the terms in this paragraph alone, do you know what a CLO or CDO is, well better click and start reading .  Better yet, one never knows how long articles will be posted, I seriously suggest you buy the current week’s issue on stands just this week, and subscribe, it is only  about a buck a week, a genuine deal

http://www.businessweek.com/subs/cs
800 873 8504

Other articles of interest

The economy is red hot in where-the Ukraine?
Japan lags in tourism
How WMAX is poised to supercede Wi Fi, why should you care
Big Four Accounting Firms are back in the consulting business, how did THAT happen, and you thought SARBOX kept them out of it
Who is the world’s most profitable automaker, bet you can’t guess…think, there is no substitute
How TI got into the pain business
Saturn changes course
Sony tries to get us to adopt the e book, again
Which tv ads  get watched

And more

Plan to subscribe, I must say I am amazed at how many articles highlight what we study in accounting , particularly managerial accounting

I got an e mail from a student in San Antonio that he did subscribe to B/W and was still learning about the sub prime mess as a result

So start reading!