Texas  has apparently exhausted money in its unemployment fund. I say apparently because frankly teh article is not clear, click to read.  Gov Perry did reject taking federal stimulus money because doing so would require extending benefits AFTER the Federal money has run out. Some Texans have already gone through 59 weeks of unemployment benefits. Well…

I am watching a 'small business owner' interviewed on Fox.  The question is Would TARP funds for small business be a good idea? Incredibly she said yes…… Now realize that no firm on the planet has more sroke, the inside track, etc with the US Govt than Goldman Sachs. And THEY could not wait to…

NO that wsa not a typo. Even before there was an official Wall Street there was a Wall Street panic.Even then people were shorting stock and speculating on which institutions would or would not make it. Such antics date back to the Amsterdam Excahnge in the early 1600s.

Next, Alt A foreclosures. First it was sub primes, now folks losing jobs in the next category are undergoing foreclosures.  Still, we are in the rebound from the March lows in the stock market. I look for a pullback into July and then a rally into the fall in stocks. Expect social attitudes to improve…

A student asked about teh monetary base in the 1890s while i do not have that here is what is happening now. Spare capacity to produce is much larger than in the 1970s.  Monetary and fiscal expansion is way higher. Yet there is not inflation, not yet. 

FEd Ex posts major losses.  As you read the article notice how many phrases like one time charge off you recognize from studying intermed accounting, this is why we study accounting. 

I attended a CPE seminar conducted by the President of Business Bank of Texas Ed Lette  is also past President of the San Antonio CPA Chapter. This is another real world example that a knowledge of accounting helps in analyzing financial statements, as well as in assessing risk among loans. Ed made the observation that…

Goodwil has opened many large stores, and the ones in the trendier neighborhoods may well surprise. This article reveals that indeed people revise their shopping patterns, and quickly.  Many churches and other charities offer Second Time Around Stores, I suspect they will be doing better in  months to come.

here is the linkhttp://www.cnbc.com/id/30959351 the next show times are as followsSunday, June 14th 10p ETThursday, June 18th 10p ETMonday, June 22nd 1a ETFriday, July 3rd 7p ET thanks to Adam Dupnik!

There are more than green shoots in Washington DC.Government is not growing there it is exploding.