George Will suggests it is high time to leave Afghanistan. Charles Krauthamer noted that Democrat Strategist Bob Shrum wrote an article saying the Dems never wanted to fight in Afghan, that was just to cause Bush grief in Iraq. Eric Holder has decided to investigate/ CIA tactics. The end of the war in the Mid…

Washington politicians are forever fiddling with rules and spending. The result is more rules and spending but rarely anything is accomplished.  Here is the latest on Cash for clunkers CARS WILL LEAVE SCARS The scuttlebutt is that the cash-for-clunkers triggered an even greater rush of activity in August and that we will see 14.3 million…

Tata Motors bought Jaguar Land Rover from Ford.  Please read the  article about the difficulty Tata is having with the brand. Sales are down, big time. So cash flow is less. Tata paid off a lot of the $3 billion but now needs to invest a billion a year in R and D. Tata is…

Mahindra, is looking for a facility to manufacture its diesel line of pickups.  While Chrysler and GM shutter dealers and plants, Mahindra is acquiring former dealership lots and shopping for a place to assemble its pickup. Pickup, what in this crowded market in a downturn?  Well, Mahindra the tractor builder produces the only diesel powered…

Since income taxes are indexed to the CPI, when we have deflation, income taxes in California can actually rise!  Yep, another horror story in the world's eighth largest economy.   Deflation the collapse of prices is the opposite of inflation.  Real estate prices are collapsing, rents too, there will be no inflation until the deflation…

Barney Frank says it will happen, the FED will be audited.  Now there is a headline for an accounting blog. I suspect the real reasons are that Ron Paul wants to show just how much power the FED has, independent of anyone. And Frank, well, that independence probably really irritates him, it should be his. 

We are studying financial ratios in managerial accounting. Jerry Flint of Forbes takes a look at  auto inventories. If one divides inventory turnover into 365, one gets the number of days a car sits on the lot before it sells, a very important number in the auto business. Flint reveals why GM and other Detroit…

The Ford Transit Connect  is a European van transport to the US. Much taller for more intereior space this is the latest salvo in what began with the Honda Element. Gee where is the VW Microbus of the 60s?  Ford is promoting the van over the internet, I had not seen one before this article.  Meanwhile,…

THis is a copyright CNN article. But a darned good one.  Why the federal deficit will raise taxes By Jeanne Sahadi, CNNMoney.com senior writer On Thursday August 27, 2009 A $9 trillion federal deficit over 10 years may be too hard to comprehend. But this part is easy: Such unwieldy amounts of debt could have…

Alert  student Reni had a good post that a friend was already having second thoughts on her new car purchase, well sure enough, read on….interest in cars is already falling off given the number of Edmunds searches so we can expect car sales to shortly fall off, so as students in class have speculated, this…