Get ready to walk, inside the GM Renaissance Center after hours that is, the elevator is not working.  GM is finding lots of ways to cut costs.  We obviously study costs in cost accounting but hey it is a big factor in that income statement too. Read the article  to see how GM is cutting even…

After saying he was staying Steve Jobs has announced he taking a medical leave of absence.  The stock price has dropped by more than half in the last year from 200 to 81, now below its 200 WEEK moving average. Mac laptop and iPod sales are slowing. Just how many new laptops and toys like…

The state of California is running out of cash, quickly.  How bad is it?  click to read that the state is planning to mail creditors IOUs as soon as Feb 1 instead of cash. Expecting a tax refund, sorry. Money from the state for performing medical services, hope. This happened in various cities during the Depression.…

Jerry Flint has covered the auto industry since the 1950s, so I find his comments on its prospects quite interesting. While I am not teaching managerial accounting this semester, his comments figure heavily in what we study there. Here he comments on the viability of the bailout plan, as he and Rick Waggoner observed, it is…

A Rep from Oklahoma puts forth some ideas on s stimulus plan. Note how many of these involved tax cuts or innovation such as NOT requiring withdrawals from an IRA. I find that CPAs are usually AWOL on making any such suggestions about what we ought to be doing.  Meanwhile Obama wants permission to spend the…

Bill Clinton had one or two  appointments stumble over the nanny issue as did George Bush. Now Barack's pick for Treasury Secy. I will be posting such articles when they are relevant to what we discuss in class. I am not being critical of Barack's appointment, Read the article and it mentions pas such problems…

This columnist introduces us to the latest career trend, gigonomics.  Lid off MBAs are going from gig to gig, pondering how long before they burn through  their cash stash, gee sounds like a dot.com to me.  An article in this past Sunday SA newspaper featured a couple with masters degrees and 'great' resumes though it never…

Click here to learn about Mixed Martial Arts MMA. This is a socially acceptable term for two guys beating one another up while crowds pay to watch.  Interestingly the states are piling on so to speak, 35 states have legalized it, why?  Well they are making money off of it.  James Coburn played the promoter…

Ethically themed movies are a part of our curriculum. So when I spotted this colum on who should play Bernie Madoff in the next Wall Street 2008 movie, I had to list it. Who do you think should play Bernie?

Ya gotta love it, one of Gov Blago's staff will speak to Il state employees on ethics today.  With stuff like this happening in real life, what is left for comedians and satirists? SNL may not be able to parody this!