In my last post I predicted the next fiscal crisis would be public pensions and municipal governments.  Here is a column quoting the chief actuary of CALPERS confirming just that. 

Last Bull Standing   There is only one bull market left-gold. While the news made much of the Dow hitting 10,000 lately, it was there in 1999, and has crossed that mark numerous times since. Let’s take a look. Financial markets bottomed in 1982 as then FED Chair Paul Volcker hammered inflation back with high…

One class member suggested we substitute an elevator pitch for the book report as there was not much time to read a book.  While the pitch idea in terms of say an internship proposal for example, has merit, so does reading a book.  Hmm, what does a college degree mean?  I get the impression that…

Congress loves to dole out favors, and so there is a tax credit for buying electric cars. That would be  'road worthy' golf carts. Folks, as Foxworthy says I can't make up stuff like this. This is an example of what I mean when I say the 16th amendment should be repealed and we get…

The IRS says its Intl Amnesty Program  has netted 7500 with unreported offshore accounts. Now they want to lean on those folks to squeal on who led them to such nefarious tactics. This sort of thing is a disgrace. The Tax system in this country is a disgrace and is often used to as leverage…

More unintended consequences. Congress limited deductibility of country club dues and sure enough, the bleeding began. Now newer country clubs are in foreclosure, a combination of tax changes, the economy, and perhaps the desire to do things other than play golf in luxury surroundings.  Perhaps some of these courses will become municipal courses. 

Prof Wayne Coleman, Barbara Hewitt, and yours truly attended the San Antonio Tech conference yesterday. The afternoon session featured an elevator pitch contest, pitch your idea and request for capital in 90 seconds. It took three or four presenters before I realized this was for real! The audience judged the winners. A few observations. Don't …

Huh, can this be, the partners of several CPA firms have declared Houston to be, what, bankrupt! Add California and Oregon to the mix, but Houston?  Well as we say, information for accounting students!

Here is an interesting survey, many HR departments think recent college grads lack a professional attitude, well yeah and sales of tattoo ink are up also… Check out the list of professional attitudes, communication skills come in number two!  We will be working on class presentations!

I have been criticized for emphasizing the importance of obtaining a certification.  Here is a great piece from a PhD in science, who cannot find a job.  Be sure to read Mish's answer, he is right on as to the cost of chicken, the min wage, and the 24x cost of education.  Be sure you…