Vallejo CA has filed for bankruptcy protection.  Dr. Green and Prof Vasil teach govt accounting. One of the dirty little secrets of accounting is that influence has kept hte GASB FASB from demanding that entities rully reveal all future liabilities for pensions and health care.  Click to read George Will's descriptioin of how ordinary people, nurses,…

Are you a weather junkie?  Click here for a link to how the US Navy has spent tax dollars to track hurricanes, finally something useful from the federal government!

ONe needs to realize that the mantra of buy and hold needs a lot of shoring up from time to time. Charles Dow constructed the original Dow INsudtrials in 1896. today only GE is still on that list, all the other stocks have changed. Indeed, if the folks tha construct such indices did not constatnly…

Lehman Brothers dropped 44% today closing around $8.  Apparently the deal with the South Korean bank fell through. LEH has moved their release of quarterly financial information up by a week. Tomorrow morning at 7:30 EDT we will learn their plan.  This blog has been all over the LEH blow up since at least last…

I have posted a lot of articles about the decline of the American auto industry, it is the perfect example of how to lose market share. Here Jerry Flint describes just how few cars Detroit is selling. Such losses at Buick and Mercury are likely permanent. But killing Buick and Mercury brands will only increase fixed…

Matsushita aka Panasonic is a gigantic electronics manufacturer.  One of my interests is digital photography, note the photo albums on the blog.  I am using Olympus digital cameras.  Panasonic has decided to actively pursue this market and has adopted the same 4/3 digital tnadard as Olympus.  Now click  to read about the manufacturing process. Leica is a famous German manufacturer of cameras and…

Click here to read the FNM annual report.  Please read the letters from the Chairman and the CEO. Then read the finanical highlights. Clealry all the hot air is not coming from the politicians running for office.  If you are reading the blog you are aware the Feds just 'bailed out FNM and FRE. Having read their…

The Econetic  by Ford apaprently gets 65 mpg, at least this article says so.  I tned to be suspicious of such claims but I can believe well over 40, read the article. This car uses the new diesel using the European diesel formula fue. Why not here, this demonstrates what we are studying in cost…

WE are all having diffficulty with various internet online issues. I extended timelines for Homework Manager this morn, at least I think I did. Let me explain aquirk of HM. If a student is on HM, the system is locked. Which is to say the instructor cannot change the assgnments as the assumptiont is that the…

I susually don't discuss mechanical details of class here but as we are getting reports of problems with WEB CT, I understand that some of you had problems wiht Homework Manager. I will be more than glad to extend deadlines, explain and determine how problems need to be answered regarding number entry, etc This will…