Professor Elam
Accounting & Investing Info for San Antonio A & M
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Category: Economy
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Thursday July 15, 2010 I remarked that Tom Sowell might be the single brightest guy in America. Today's Sowell column, Signs of the Times, is a good example. Prof. Sowell points out that a Business Week article reports that despite billions of stimulus dollars, firms are sitting on billions in cash. They are unsure what the…
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Monday May 24, 2010 Mark Steyn says Greece is no outlier, the rioters are the government establishment, and it is past saving. He points out that at 1.3 kids per family the demography is going backwards, and with a business unfriendly environment worse than Yemen, who would want to move there? This is going to…
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Sunday May 23 2010 Mish posted this article from Bloomberg about the difficulty of finding a job upon graduation. Many of our students are already working and San Antonio is faring much better than the national average. Still I urge accounting students to obtain a certification now as quickly as possible, we are liable to…
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Thursday May 13, 2010 Seven days ago I posted the graph showing the one day 1,000 point collapse in the Dow. I called it your job prospects. My point is that attempts to 'rescue or bail out' irresponsible world debtors are all failing. Please click on the links at left, the headlines on the Ambrose…
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Monday May 10 2010 May 10 2010 Thoughts for Monday – A Trillion is the New Billion Well the hand of this Administration appears to be all over the European Deal, the US is after all the biggest support of the IMF. And this is in line with the idea that as the President said,…
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Thursday May 6 2010 Today the Dow Jones Industrial Average dropped 8%, in about one hour. This time it came back, but that is exactly the sort of action that I drew on the board in Ethics class last night, a stair step down, remember? And I pointed out that the Dow lost 89%…
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Tuesday May 4 2010 Australia now has the distinction of imposing the highest taxes in the world on miners. Australia is a commodity producing country. It is typical of politicians to seize the golden goose and kill it. This is justified as paying for pensions and health care. However of course, the miners are liable…
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Monday May 3 2010 Do you recall the Oil Spill Liability Trust Fund? While the admin kept saying Sunday that this is on BP read about this fund which was created for just this purpose.
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Thursday April 29 2010 Just a round of various thoughts on the blogs this morning. At Franklin Templeton, Mark Mobius suggests it would be best to let whatever happens, happen to Greece. They wont' default but will do a self imposed bankruptcy. Greece has been in default about half of the last 150 years. They…
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