No not Duane Johnson, the other Rock! Moody's is reviewing Prudential Financial's bond rating. It seems Pru The Rock has some $3 B in debt comng due this year and has less than that in cash. You will recall that these are long term obligations which have become short term or current liabilities, remember chapter…

Larry Kudlow give a thumbs down on Geithner's speech, the market did likewise. Tom Sowell's  random thoughts are usually better than most folks' focused thoughts. The Dow Industrials dropped ever closer to the 7552 level. It must  hold above that are the markets will be going much lower. It appears that level will be taken…

If you think about world history, world leadership cycles around the globe. The Chinese actually invented gunpowder and more important paper!  They ventured forth centuries ago in the biggest ships of the day, found nothing of interest and turned inward for centuries, well until this one that is.  It was the invention of movable type…

An interview with Ray Dalio in Barrons is getting a lot of buzz among independent investment advisors. Ray thinks the entire debt structure of the world must be re built. There is more debt than there is asset value to support it. Asset values continue to crumble but the debt stays the same. The response from…

A Stanford economist  explains how govt intervention has only made things worse not better thus far. 

Sometimes you're the windshieldsometimes you're the butsometimes you're a louisville sluggersometimes you're the ballMary Chapin Carpenter Saturday evening I violated a sacred principle IF it is not broken, don't fix it.. In short I attempted to install  windows xp on a partitioned hard drive in my mac laptop, bad idea.As always the rule is, do…

President Obama decided to visit the Press Corps room in the White House, unanounced. Reading the hyperlink, he wanted a just informal visit. What he got was an impromptu press conference.  He was clearly irritated. Well, you ran for it, you got it, as Harry T. Said, the buck stops here. Often students announce that…

You will only be with us here at A & M San Antonio for the equivalent of four  15 hour semesters. That can take two years or so. As one of my students remarked at the end of two years, 'I never realized it would go by so fast.' We had a faculty retreat Friday…

Casablanca will be on Turner Class Movies Sat nite at 7 PM Central Time. Yes I did say that no one should get a college degree that has not seen and discussed the film.  Dan Jenkins (Semi Tough author) claims to have seen it one hundred times. Harry Reasoner did perhaps his most famous 60…

Michael Phelp  has lost Kellogg as a sponsor. Phelps was shown in a British tabloid apparently inhaling marijuana using a 'bong.' THe photo was apparently taken by a camera phone at the er ah event.  We are studying ethics in accounting.  There are lots of cameras around all of us these days. It pays to…