Steve Brown lays out several reasons why a recession merits higher than a 10% probabilty-I agree. A good read, meanwhile reposessions of older apartments and office buildings in DFW soar.  One group suggest that there is a lot more to be written down and off in the mortgage business to come, gee once these things…

I mentioned a few movies a couple of posts back as the solution to ‘family viewing’ over the holidays, something the kids can watch while being something the adults will enjoy, tonight is full of great choices particularly for a movie buff or an aspiring one so here goes I recommended Family Man and it…

Freddie Mac FRE stock collapsed 30% in one day this past week. This is the second largest mortgage company in America.  FNM and FRE are both seeing their credit ratings drop. If there is anything I have learned over the years it is simply that Fitch S & P and Moody’s are like the Three…

One firm as used You Tube as a contest area to excite potential recruits about DeLoitte. Click on You Tube hyperlink to see the vidoe that their employees voted best of the lot.  You will be surprised I think and not on the upside. I think this will just reinforce the idea that accountants are…

An alert Marie Callier spotte this article on Countrywide Mortgage.  A 79 year old postal worker took out a mortgage to pay off some credit card debt. But the one percent interest rate ballooned to over 8 percent in one month.  Will CFC foreclose on him?  After re bounding to 17, CFC has dropped to…

Roger Penske’s group will be importing the Smart Car.   Take a spin in this Motor Trend article. I have long advocated different cars for different purposes. Specifically I have proposed allowing one to license the Kawasaki Mule for the street in urban areas. This would be fine for my drive in Lancaster to school,…

I ran across this Virtual Tour of a Canon Lens Plant.  We study variances in Chapter 10 of the Garrison book in ACCT 3270. How many potential variances do you see in this tour?  This is not doubt a much less expensive way to show the plant than trying to do photographs inside and one…

JOhn Daniels in Student Development has informed me of this on line help site. You can submit your papers for scrutiny and get suggestions on improvement. The site is http://www.smarthinking.com Username is NorthTexas Password is Learn Give it a try!

Walter Williams chimes in on the real Greatest Generation.  As always, Tom Sowell and Walter Williams have a way of getting to the point.

John Stossel tells the story of the Thanksgiving that almost did not happen.  It seems the Pilgrims tried the socialist model, with the usual results, failure. Once they switched to private enterprise, there was corn a plenty. If this was true in 1623, it will be true in 2023.  Our health care system needs to…