Tom Sowell recomends The Character of Nations. I have not read the book but did read the column and three reviews at Amazon. As Sowell notes, Russia is a nation rich in natural resouces that still offers little opportunity for its citizens. This is so much so that Friedman in his book (see my post…

Did you know there is an International Air Transport Association with 230 airline members? Well that is another reason to read the blog. The point here is that we will be studying break even and target profit in chapter 5 and 6 in cost accounting this summer. There will be plenty of work for management…

Did you know there is an International Air Transport Association with 230 airline members? Well that is another reason to read the blog. The point here is that we will be studying break even and target profit in chapter 5 and 6 in cost accounting this summer. There will be plenty of work for management…

Politicians rarely learn, they continue to believe that raising taxes brings in more money.  Economist Mandell argues the record suggests just the opposite.  HIgher taxes bring son more cost of compliance and less incentive to produce. 

The Dalai Lama has some thoughts on what caused the economic crisis. We studied great philosophers in Ethics Class, here is one living among us. Worth a read. 

Most government plans result in the exact opposite of what they intended.  Now Steve Ballmer at MSFT says that company would move move people out of the USA if proposed tax plans were enacted. 

Some tax preparers are licensed, this wold include attorneys, who rarely prepare a return but participate in estates and trusts, cpas, and enrolled agents. Now Congress wants to license tax preparers in general.  What do you think your liability would be if someone decides to make you as a preparer a target?

The Banana Republic of America   Banana Republic is a pejorative term for a country that is politically unstable, dependent on limited agriculture (e.g. bananas), and ruled by a small, self-elected, wealthy, and corrupt clique.  A banana republic also typically has large wealth inequities, poor infrastructure, poor schools, a "backward" economy, low capital spending, a…

As usual, P J O'Rourke gets it right.

Thursday May 28, 2009 Pre Market Openning dennis.elam@att.net   WE have been cool on CEF since it spiked in January.  It seemed to us that  the money was made between the low in Oct Nov and the sharp rally into the new year. We think our opinion is being vindicated now. While gold bug blogs…