I am not endorsing a candidate by any stretch, but here is an interesting story about the McCain Campaign.  He is planning on decentralizing the campaign  to ten regional managers. Each will talk with headquarters every day.  Most decisions will be left to the managers. Business talks about this but we rarely see it especially…

One observers says that the swaps and derivative industry is out of the Panic Zone. Well that reassures me, you to eh?  The writer suggests that the derivatives industry needs a clearinghouse to determine value. Gee wouldn’t that be called an Exchange?  An open transparent market would allow everyone to  see price and volume?  Gee…

Frnakly I have never bought into the Mantra that Jack Welch was the GREAT CEO.  He moved jobs and intellectual capial to China. How does that help the US or grow process in his own company GE?  It does not. Now it appears that several kings in fact have no new clothes. Welch rode the…

Jim Rogers has as always an interesting take on things this past weekend in Barrons.  Click on the link! One of the students in Intermed II just did his book report on Jim’s Investment Biker.  A great thinga bout Jim is that he does not work for an investment firm so you always get  his…

Forbes reoprts that Chrylser and Nissan are trying to eiliinate costs between them. In my mind the problem is that, according to the article, Chrysler will design cars to be made by Nissan and Nisan will design a big truck to be built by Chrylser. Isn’t this exactly backwards?  The last small car Chrylser designed…

Everyone talks about thinking outside the box but in my experience no one does it.  This writer suggests the networks would do better to just eliminate the evening news.   After all it is just a highly paid person who sits and reads a teleprompter.  Journalist, give me a break, they read the news someone…

Word is that Chrysler will make pickups for NR and NR will make cars for Cerebus Chrylser. Chrysle is no stranger to deals with other companies. They bought British maker Rootes back in the 1960s and imported Simcas from France now that I think about it. Their partnership with Mitsubishi led to the highly successful…

Wachovia the fourth biggest bank in the US is the latest to join the write down, slash the dividend parade.  Clearly there was a lot more bad paper out there than anyone wanted to admit to.  So now they must raise more capital and shore up cash by cutting the dividend. We are studying the…

Blockbuster is offering a 54% premium for Circuit City CC.   There is someone always going into the electronics retail business as someone else goes bust.  CC was $19  a year ago, today just $3.90.  Blockbuster is not in the best of shape  as they compete with sales and downloads of movies.  Read this article…

On Fox News last night it was reported that the GAO used statistical sampling to test internal control over US Govt Credit Card expense. It seems 45% of the expenditures over $2500 were questionable. Here is a perfect example of what we study in intermed and audit.  Mgt is charged with safeguarding assets. Auditors use…