Professor Elam
Accounting & Investing Info for San Antonio A & M
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Category: Economy
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Americans routinely belief that their bank deposits are 'safe' as in insured by our friends at the FDIC. Not so fast. Like any other insurer, the FDIC operates with premiums from member banks, They are now out of premiums given the number of bankrutpcies of banks. whoops….
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The future looks grim for the 4500 Saab employees. A sale to a Swedish firm has fallen through due to financing difficulties. GM has only sold a handful of Saabs here this year. This is the third GM sale to fail this year.
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Murdoch's Newscorp owns the WSJ, it is considering listing WSJ articles only on MSFT Bing. Bing, huh? This is the latest in a never ending series of catch up attempts by MSFT, opening MSFT stores mimicing Apple is another. Google is the run away winner with 65% of searches, even with Yahoo, another failed effort,…
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AS a private employer, one pays unemployment tax to the state of residence. If no one files unemployment claims on you as an employer, your rate will go down. IF general unemployment rises however there is no one left to fill the coffers but the remaining employers still in business. This article relates how that…
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Two outsiders are winning converts to audit the FED, their bill passed the committee despite opposition from the FED itself and Barney Frank, no surprises there. The US has had three central Banks. Andrew Jackson helped kill the first one. Congress did not renew the Charter for the second. This one the FED was created…
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The crash of 1972-74 eliminated lots of Wall Street firms from 'the business.' Goodbody and Co, a partnership was no more. Merrill absorbed White Weld and thereby entered the real investment banking business. And upstart Shearson omigosh, gobbled hallowed Loeb Rhoads. Francis I. duPont became DuPont Glore Forgan and then Ross Perot gained control and…
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Okay the truth is out, the dancing stars have the lean sprayed on. It certainly beats the going to the gym right, and doing it the hard way! Read this wsj article on just how far make-up has come.
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Please examine and read the last few posts, this is an interesting opportunity to put it all together so to speak at the end of the semester. An old fable tells the story of two animals, one who stores food for the winter and the other does not, are adults not still acting out this…
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This story is fiction, so far. Here is a scenario of what would happen if the world finally said no to dollars continually created out of the willingness of the chinese and Saudis to lend them back to us.
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This will take a bit of study but that is what college is all about, eh? The red and black line tracks the number of stocks trading above their 50 day moving average. The three blue arrows show a pattern of lower highs. This mean fewer and fewer stocks are trading up, more are trading…
Professor Elam 