Whew, we finished our first week of the spring semester.  I have enjoyed meeting the new faces and getting re acquainted with the familiar.  I am usually very available during the week M-Thursday, I teach T R 9:30-12:20.  If you would like some tutoring at other times, just give me a buzz thru e mail…

Neiman Marcus is not a public company but it does have publicly owned high yield bonds. These were used by the hedge fund to purchase the company.  Click on the hyperlink and it will take you to a list of presentations. Click on J P Morgan D Bank or Lehman.  It will take you to…

Right on cue for your first writing assigment, Fed Chief Bernake called for a stimulus package from Congress. With 435 which is every representative, one third of the senators and a wide open presidential field, no incumbent, do you think we will get one?  But if so what kind?  Does a few hundred bucks to…

WEB CT was working this afternoon. I posted the syll, assignments sheets, and first topic for discussion on all classes. In addition  I initiated Homework Manager for ACCT 3120 and 3270. They are accessed at ACCT 3120 http://mh2./brownstone.net/classes/Acct3120-Sec091/ ACCT 3270 http://mh10.brownst6one.net/classes/Acct3270Sec090/ To purchase Homework manager got to the textbook site either mhhe.com/spiceland4e mhhe.com/garrison12e on  the…

Yep you heard it right, the Oprah Network.   Discovery Health Channel was not doing so well, what to do, well call in a real media performer.  Oprah moves from tv show to her own network, as she says this will allow her to project her vision 24/7.  This is a pretty rarefied level occupied…

As uual Walter Williams cuts to the chase in this article about goverment intruion into our lives.  As he says if the government says we cannot smoke  ( i don’t and neither should you but that is not the piont) on a city street, how long before they tell me I cannot ‘smoke’ a chicken…

Robert Samuelson puts  the idea of an economic stimulus in perspective.  This is important as of course eveyrone will be talking about it.  Basically the idea is either a one time ‘check’ or a short term tax cut like a tax credit for this year’s filing, or worse, some kind of federal spending program. Consider…

CITI C posted losses over four times its recent loss reserve for the quarter.  The dividend was cut as well as 4,200 jobs.  Read this article about the E/S or rather the lack thereof.  Note the original estimates of losses versus the actual loss.  Note how both brokerage and bank firms are scrambling all over…

Frankly I think inflation is a matter of where you are in the market.  Inflation is dead in housing prices but alive and well in college tuition.  In short, your house is deflating while your tuition is skyrocketing, get out of college and you won’t notice!  Mark Hulbert has made a career out of tracking…

In the wake of the last two posts, here is an article that suggests bankruptcy is the best way out for troubled home owners.   More than that is it is an explanation of how a John Paulson, no relation to the Tsy Secy, got rich bettnig on a downturn in the housing market. Note…