The current energy ‘crisis’ is apparently going to last long enough to foster real innovation.  The last one peaking in the 1980s did not.  Now Hamburg’s Sky Sail uses a para sail to reduce energy consumption for ships. The website here features a video that is most interesting. Note the use of the accounting term…

CFO’s third article about SARBOX, five years later is here.    Will we be a rules based or principles based system? Will we go to International Rules ala IASB? Go to the Sept Archives and scroll back to the Sept 7 post for the other articles. ll in all a good summary of where we…

Here on the blog we have been folllowing the implosion of the two Bear Stearns Hedge Funds.  It is front page and center on the latest B/W magazine cover.  Here are issues to consider in reading this article. Hedge funds are NOT regulated under the Investment Company Acts of 1933 and1934 which cover mutual funds…

Johan Goldberg suggests that the unrest in  Belgium will soon spread to the rest of Europe. Scotland would like to wave bye bye to England, the Basque in Spain feel the same way.  Yugo split into six countries, will we see more of the same?  Quebec just nearly split from Canada not long ago, look…

The Manchurian Candidate as a movie and book described how a person could be mentally programmed for assassination. Now advertising execs are using MRI scans to examine what stimulates one to buy.  We have data mining and meta data to help Amazon track what you want to buy. Now we are examining the brain to…

Ebay’s hyped purchase of Skype  excuse the alliteration, was too high!  We studied impariment charges recently in Intermed I, here is an example of just that.  E Bay admits it paid too much and now has a charge for it on the statements.

Here is another few of what we teach in accounting.    I would agree that too much of the curriculum assumes that one is going to work in public accounting for a CPA firm or a pulicly owned company.  Interesting letter indeed!

One hundred and fifty years ago, Horace Greely famously suggested that if one was on the look for fortune and adventure Go West Young Man. Perhaps today he would suggest that one Go East.  India has been known as an English speaking call center, now it is moving into manufacturing. But as Jim Rogers suggested…

Marion Jones, winner of five medals at the 2000 Olympic Games in Sydney, plead guilty this past week in Federal Court to taking drugs to ehance her performance .  She had denied drug usage for years following her victories. Click to read what Peter Uberoth of the Olmpic committee thinks.  She will be stripped of…

John Stossell makes a lot of sense. Which is more than I can say for most TV reporters. In this article he explains the Whole Foods Health Care Plan. It is based on HSAs in which people pay a high deductible.  That means they pay all the minor costs and the insurance pays the major…