Professor Elam
Accounting & Investing Info for San Antonio A & M
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Category: Financial Acct
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Tuesday Jan 26, 2010 Here is a Bloomberg interview with Jim Rogers. go to Amazon.com, enter Jim Rogers, and scan the books he has written. We used to read his tour of the world book in cost accounting. Rogers sold his townhouse in NYC before real estate fell apart and moved to Singapore, the future…
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Monday Jan 25, 2010 Wal Mart thru Sams Club will lay off 11,200 promotional workers. But what caught my eye was the corporate speak used to justify it. "We look at this as an investment in the in-club experience," Cornell said in an interview. "This is not a cost-cutting move for us in the short…
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Friday Jan 22 2010 Intermediate Accounting Classes As you know Blackboard has not been accessible to all of you yet, I do not know when it will be. Send me an e mail and I will e mail you the pastina template with the questions for monday dennis.elam@tamuk.edu I do not normally use the blog…
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Chile is a different South American country. One hundred years ago it sought European settlers, and got them. Now Chile is managing its earnings from soaring copper prices, and improving average income all the time. Read this article to learn that it is not just Che t shirts and death to America in South America.…
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Tuesday Jan 19 2009 Marc Faber lives in Hong Kong and travels the world. There are many forecasting an imminent collapse in the US Dollar. Well it has to collapse against something, Other currencies around the world are in much worse shape than the US Buck. We have been posting about this but to re…
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Tuesday Jan 19, 2009 Citibank has one of the wealthiest investors in the world telling it this is the year, or else. Prince Alwaleed Bin Talal gave $600 M of C stock back to the company. While this increased the retained earnings I am not sure it says much positive. C is trading for $3.60 down…
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Tuesday Jan 19, 2009 JAL will file bankruptcy under their equivalent of our Chapter 11 re structuring. Some 15,000 will lose jobs, the stockholders are wiped out, the government is putting up $10 B in Japan;s fourth largest bankruptcy ever. The President of JAL resigned, gee why don't we ever see that here? The story…
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Monday Jan 18 2009 This looks to be a great year to read and study accounting, because it is going to be in the news. Now Illinois careens towards bankruptcy. This is even more of a problem because there is no provision for a state to enter bankruptcy court, California already figured that out. As Mish…
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When a Wall Street firm sells a financial instrument it creates, who is the client? Grethchen Morgenson and Louise Story take a look at the CDOs Goldman and other created for clients. Then the firms bet against the very securities they sold. In fact they created ways to leverage their bets against the client holdings…
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In the continuing downturn expect to see many more realistic approaches. Expect people to find alternate careers. One woodworker in Kerrville has done just that with Final Furniture Funeral costs are ridiculously high. And as Final Furniture points out, frankly the body decomposes n matter what kind of fancy box one uses for burial, so…
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