As many of you may know the new Dallas Cowboys coach is Wade Phillips, son of Bum Phillips, former Houston Oilers Coach. While Bum made some great contributions to football, my first place award to him goes for this piece written about what it means to be Texan. So for all we native Texans and…

Apple has now sold more than three billion songs on iTunes.   Thsi puts them past Target and Amazon as music sellers.  UNT Dallas student Ambrose came by with his iPhone yesterday and indeed it is just as cool as it appears in that tv ad.  A few years back Mike Dell suggeseted collapsing Apple and…

My answer is yes, but here is studied report on it from the Wall Street Journal.   Notice how market tops reflect a totally different emotional display than market bottoms.  Now Rupert Murdoch is spending $5 B for the Wall Street Journal, the Blackstone Group is going public, the real estate building  boom continues non stop…

Arthur Andersen misrepresented Enron’s statement, got tried for document destruction, and later was exonerated by the Supreme Court. Meanwhile all 85,000 employees had to find new jobs. The partners and principals in the KPMG tax shelter case got heaved overboard after no doubt receiving bonuses for selling tax shelters. KPMG paid a hefty non deductible…

D R Horton had an operating loss of $823.8 M for the quarter anded June 30.  But it also took write offs and charges, read impairments, of more than $1.27 Billion in the same quarter.  J P Morgan commented that this was a huge step up from previous quarters, the impairments that is. We study…

That was the angry demand by a young fan of one of the players involved in fixing the 1919 World Series. No one wants to watch a fixed game though that does not seem to dim enthusiasm for horse racing, long a fixture of mob involvement. And of course Pete Rose ruined his career with…

The Sunday DMN reports that Donovan Collins the second ranking officer in the DISD police department has a questionable college degree on his resume.  He applied for the top job in the dept and listed a Bach Degree from Canyon College in Idaho.  Well guess what Canyon is not accredited by anyone recognized by the…

Bill Gross runs the biggest bond funds on the planet at PIMCO.  So Bill’s Thoughts  on bonds are worth reading. In this excerpt he suggests, as I have in class, that the problem in real estate wil not be limited to just a crash in a couple of Bear Stearns funds.  No the real problem…

The media seems only interested in covering the lead candidates.  Too bad because we are not likely to get any innovative ideas from them, just the status quo. In this article, Sam Brownback  explanis his concept of a flat tax.   I would go further and keep taxes on capital gains at nothing or near nothing…

Did you know there was a college cost reduction act?  Read about it here.,   THis is the first effort at finally putting colleges that keeep raising tuition on an alert status and endangering their ability to get student lonas, about time I would say.  And there are interesting repayments schedules modeled after other countries.