Harvard Stanford and Yale are all down about 25% in their endowments, as a result of the last year alone. Now Stanford wants to sell some of its illiquid investments, good luck guys. As I have said in class, this recession will cause long term adjustments, most folks have not grasped the extent of these…

Inaugural Meeting Texas A&M San Antonio Accounting Society October 16 4:30-5:30 at SACPA Society OfficesAlamo Towers WestOn the north frontage road of Loop 410 between Broadway and Nacogdoches901 NE Loop 410, Ste. 420San Antonio, TX 78209-1307 Plan to attend as we will be choosing officers and discussing important issues for the start of our organization. …

Seeking to improve minority representation, one of the big firms will reach out to six selected  community colleges. 

We do not have this kind of information available. But I thought you would find this analysis of BAC interesting.  http://us1.institutionalriskanalytics.com/pub/IRAstory.asp?tag=385 Sorry I cannot get the hyperlink working. The analysts believe that there is simply no equity in the bank,  why and how did they reach this conclusion?

Wiwthout question my favorite singer  in college, with  the BIG smash hit of the late 1960s Light my fire was Jose Feliciano. Why we do not hear more from him now I will not understand. He recorded Light My fire and California Dreamin' and as they say the rest is history. Unlike many singers, he is…

As Toby Keith sings, I shoulda been a cowboy. And in the 1950s that is where the action was. Roy rogers, the Lone Ranger, Hop  a Long Cassidy, and yep, the Cisco Kid. Duncan Renaldo was an orphan but ended up playing the well dressed Cisco Kid on television. Hey Pancho, hey Cisco, the paif…

Students are aware that I am a movie and film buff so no surprise. As this is Hispanic history month, my picks are those from the entertainment business. without a doubt, one of the more interesting books I ever read was Desi, the autobiography of Desi Arnaz. Desi and Lucille Ball single handedly created the…

The Div ersity Section meetingof the American Accounting Association AAA will be here in San Antonio Friday and Saturday October 2-3. It will be at the marriott Riverwalk.  THe AAA is the organization for academics as opposed to the Texas society of CPAs and AICPA for practitioners. The program is on line. I will be presenting…

Students I posted an academic paper I will be presenting at the Americn Accounting Association meeting at the downtown Marriott this next Friday or Saturday. If you can, I suggest you consider attending as this is the chance to see academics doing what they are supposed to do, present research. It is posted under Content…

We will be studying leasing, debt, and pension contracts in intermediate accounting. AN alert student spotted this article about ten companies that are potential bankrupts. Take a look, the list may surprise you.