Professor Elam
Accounting & Investing Info for San Antonio A & M
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Category: Financial Acct
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Sat Feb 20 2010 David Hendricks has a good column on factoring in the Sat Express News, I was not able to find it on mysa.com to link but the upshot is that a start up company is using factoring for financing. Factoring is the process of discounting an invoice at a substantial cost in…
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Thursday Feb 18 2010 I asked permission and it was granted from Richard Russell, author of the Dow Theory Letters, to reprint a recent column. Mr. Russell has written his investment letter since the 1950s. He has authored numerous articles for Barrons and is well respected in investment circles. By the way, at age…
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Thur Feb 18 2010 You read that right, accountingweb.com has a good summary of what various states can expect. Paying people not to work is counter productive after a point. As employer taxes rise ever higher, it becomes a huge disincentive to hire more labor, as the employer pays that tax on every one of…
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Thursday Feb 18 2010 From October 1972 thru April 1973 I was in a training school at a Ross Perot owned company, DuPont Glore Forgan. We were on Wilshire Blvd in Los Angeles, we strolled by the original Brown Derby on the way to class and trolled Marina Del Ray on the weekend, heady stuff…
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Monday Feb 15 2010 I suggest you add this article about Goldman for your background reading on the finanical crisis paper which is due this Wednesday. Indeed, the article lists ten question the EU will have in an audit of Goldman activities with European governments. One student wondered how Goldman could move Greek debt off…
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Monday Feb 15 2010 We have added new links for students to give a better perspective on what is happening in America. Mish discusses how unions are self destructing, consider this excerpt. More than 3,000 employees of nickel miner Vale Inco have been on strike since mid-July, and after seven months living off of $800…
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Friday Feb 12 2010 In Tipping Point, Malcom Gladwell concludes that big events can start in a small way. This can work positively. New York starts enforcing payment of subway tokens and crime recedes, at all levels. Or it can work negatively, teenage pregnancy becomes the new normal and no one does much about…
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Friday Feb 12 2010 Tonight on the PBS NEWSHOUR, business and economics correspondent Paul Solman takes a look at GOLDMAN SACHS and how they’ve made a profit over the past several years. Solman explores whether Goldman Sachs is an investment bank "doing God's work," as CEO Lloyd Blankfein claims, or actually a hedge fund. Solman…
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Thursday Feb 11 2010 Nial Ferguson suggests that Greece is simply the movie trailer for what will be coming to the rest of the world. Or as one student put it in class, who will bail out the USA?
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Wed Feb 10 2010 SAFE is not a reference to car recalls but an acronym for State Administration of Foreign Exchange, the oversight group for yes Communist China. Recall that no less than Jim Rogers pronounced the Communist Chinese as the world's best capitalists. SAFE oversees the $3 Trillion dollars of Chinese investments as well…
Professor Elam 