Accounting & Investing Info for San Antonio A & M
January 18, 2020
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3/30/2020
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Register as a student here
https://chapters.theiia.org/san-antonio/Events/Pages/default.aspx
The joint luncheon will be at Maggiano's at the Rim shopping Center 11 00 – 1 30 AM
11 30 – 1 30 Persentation
Conference at the Marriott SAn Antonio Hill Country Resort, a chance to network all day
https://chapters.theiia.org/san-antonio/Events/Pages/default.aspx
Thursday Jan 16, 2020
San Antonio Ferrari totalled a client Ferrari.
Rather than admit the wreck, the dealer who had the car on sonsignment, attempted to get the owner to take a below market price.
Apparently the dealership hoped to close the deal and then collect dealer insurance. But the owners saw the 'buyer' was the dealer.
A lawsuit is underway.
As I say, I never run out of new material for our fraud chapters in audit and ethics class..
Wed Jan 15, 2019
Excerpt from article
Citing a desire to strike the right balance between rigorous academics and students’ stress levels, North East Independent School District trustees voted Monday night to end calculating class rank for students below the top 10 percent. The policy will take effect when the district’s current class of seventh graders enters high school.
“It is really important we have just the right tension on social-emotional learning when we think about rank,” said Colleen Bohrmann, NEISD’s executive director of Learning Support Services, at a December meeting. “We want to be sure that we are pushing the students to a rigorous coursework, but when is it too much?”
With no discussion and no district residents speaking on the matter, trustees unanimously approved the second and final reading of the policy Monday night. The approved changes to the policy can be viewed here in red.
Dear Colleen
Apparently the right tension is not tension! If you are now in the 89th percentile, what will be the incentive to work or try if an observer cannot distinguish you from the one percentile, ie bottom of the class?
And here is a comment from a Chief Academic Officer
“We’ve found over time that labeling all students with an exact rank feeds a culture of unhealthy competition, stress, and pressure,” Katy ISD Chief Academic Officer Christine Caskey told the Houston Chronicle at the time of the policy change.
There’s no one rule that mandates how class rank should be calculated in Texas, Hardcastle told trustees. This often leads to districts calculating grade point averages and rank differently, he add
Dear Christine
Well if it's good for the goose, how about the gander? If this is a good idea in class, can it be long before say Clemson wants the same deal given its loss to LSU? No doubt that was a as you put it ' culture of unheallthy competiition' and on national tv no less, how embarrassing, what a blow to self esteem!
Oh and now that one thru 89 percent is the same percent, what does the Chief Academic Officer do all day I wonder, well there is that pesky ten percent to worry about but gee surely they are not in need of much help, but someone does need to calculate that in fact they are tenth and not eleventh.
As I recall TAMUSA admits the top 25% with no questions asked, hm how are we to measure the lost 15 percentile I wonder?
sigh….
Tuesday Jan 7 2020
was just watching Jay Leno’s Garage on you tube. The subject is the AMR DB 11 V 12.He is visiting with an Aston Martin test driver. At 6 45 in the interview, displayed bottom leftthe AMR rep mentions the designer likes to use the Fibonacci series as part of the design process.Another example of EWI and Socionomics in actionFor those of you inclined to luxury goods, here is a link to the AM DB 11 site
Tuesday Jan 7, 2020
The Fibonacci number series is such athat as one adds the numbers, each preceding number is 6..8% of the next number.
3+5=8
5/8= 6.25%
the smaller numbers are close as the number series progresses, the ratio becomes tighter
Here is an introduction to the Fibonacci number series.
https://en.wikipedia.org/wiki/Fibonacci_number
Here is an interesting video on Fib spirals.
Posted Jan 6 2020
My name is Alexandra Graham and I am the IMA Chapter Coordinator here at Gleim. I look forward to presenting to the San Antonio IMA Chapter about the CMA exam and how Gleim can help you pass the CMA exam on the first try.
This webinar will be offered on Wednesday January 22nd, at 12pm Central (1pm Eastern) through Adobe Connect.
The meeting room link to attend is here (inactive until 12pm Central):
http://meet36589012.adobeconnect.com/rbwmjx7v6jfc/
**You will need to make sure you have the following to view/hear it:
1) Chrome browser is preferred (Internet Explorer will also work, as will Safari (on MacOS))
2) Laptop or PC with internet connection, speakers
3) Must have latest download of Adobe Flash
*Download instructions here (NOTE: You will need to restart your browser following installation):
Download latest version of Adobe Flash: https://get.adobe.com/flashplayer/
Enable Flash in Internet Explorer: https://helpx.adobe.com/flash-player/kb/install-flash-player-windows.html
Enable Flash in Safari: https://helpx.adobe.com/flash-player/kb/enabling-flash-player-safari.html
-This should be done prior to presentation time in case facility restrictions do not allow for downloading plugins
– You will be prompted to install/allow shortly after following the Adobe Connect link (if you do not have this)
4) PC microphone for communicating during questions (optional as chat feature also available)
For any assistance contact Gleim Technical Support @ 1-800-874-5346 ext. 212
I hope you can make it!
Thanks,
Alexandra
Tuesday Dec 10, 2019
The Republicans made a huge mistake in attempting to 'impeach' Bill Clinton when they did not have the votes.
It would be only a matter of time until the power shifted and sure enough, the Dems want to impeach Trump, without having the votes.
Now a Congressman suggests that if Biden wins, we already have the forms to impeach him.
Louie Gohmert a former Dist Judge and Aggie Corps member, says he is worried for the country. I agree, now that impeachment has been lowered to the level of a traffic ticket, do we have I don't like this guy or gal, let's tart iimpeachment inquiry with the hope we can ruin his or her reputation without ever actually proving anything.
Negative mood abounds.
Friday Dec 6 2019
I wrote this column before the jobs reort, 266,000 + created, came out. Stocks moved up 1.2%, sooner than I anticipated.
End of Day A nice 1..2% advance
All Quiet on the Energy and Stock Front
Saudi Arabia prices its1 .5.% IPO of Aramco at $8.53 or a total of $25.6 billion, the largest IPO ever.
Vienna, Italy The proposed cuts would mean OPEC would hold back 1.7 million barrels per day MBPD, deepening the current1..2 MBPD.
WSJ Today
Do the algebra and that means ARAMCO is worth $1.7 trillion, but only if oil prices stay above $55 per barrel. Most sources I read put break even for many oil producers in the mid 50s range.
Such an IPO befits the social mood of an expanding market. Letting the world in on the great Saudi money machine is an inclusionary move. Positive social mood is brings people together and nothing accomplishes that better than the largest IPO ever. Even attempting to calculate which of the world’s exchanges to list on was a challenge. Note the markets continue up despite the partisan impeachment process and round the world work stoppages and protests in France, Hong Kong, Moscow, and now sprouting in various South American countries.
I have been looking for a low in energy share prices in this time frame. The actual low occurred in mid-August, a higher low in October and now a third low in early December. This is happening along with a pause in the rise in Industrials, Transports, ad the tech heavy NASD.
He moving averages have yet to turn up for the Energy ETF XLE. Cash strapped Exxon Mobil trades under all its our Moving Averages MA. Much better managed Conoco Phillips has vaulted over those same four Mas. The MAS on Chevron CVX ae converging which suggests a change in trend, probably to the upside.
There are signs that energy service may finally be bottoming. Schlumberger SLB is about to attack its 200 day MA. Halliburton is in much the same position. More patience will be needed ffor Patterson PTEN which has risen from its August low.
Chairman Greehey purchased $15 M of Nustar NS shares. And it is in a nice uptrend. The ETF of that group, Alerian MLP AMLP is perhaps making a low. This process is taking longer given the correction in the overall stock market.
The uber negative news on natural gas resulted in a bit of rally. It has duplicated the rise of oil with lows in August, October, and now early December. Devon DVN needs a close over 24 to indicate an uptrend has resumed.
The most reliable New York Stock Exchange Advance Decline Line is continuing to risep. Year-end tax selling has the major averages on hold. Expect this to continue until later say December 15-20. Then expect a Santa rally extending well into January.
A continued stock rally coupled with thee energy market improvement is about as good as we can expect from Santa this year.
Weekend Dec 1 2019
Tim Battray's took Chapter 7 for himself and Two Award Winning Restaurants.
Tx Monthly names Granary one of Top 50 Tx Bar be que restaurants.
Note it was a bar be que for lunch and something else in the evening, a violation of the provide different choices from the same platform rule. 
Note one of the two had only been open this year.
It is amazing that San Antonio has so many good CPA firms who might have helped prevent this but apparently he was on his own. The article does not indicate if he had an outsside financial advisor.
Restaurants do not go out of business because they do not know how to cook. It is the lack of financial management.
Thursday Nov 28 2019
Finally a race themed movie with a real plot. Except this is not just any plot,
features wonderful larger than life but real life characters that played out this famous battle for racing supremacy.
From a socionmics standpoint, it is inevitable this would ahppen in 1966, the first ever flirtation of the DJIA with the never before seen level of 1.000. As Iococca puts it in the movie, baby boomers don't want to drive Dad's car. Hence the Mustang was created.
Ford attempted to buy Ferrari but was rebuffed. And as Lee put it, that was just a show to get a bailout from FIAT, which is what happened. Alerted to Ferrari's actual reacction and description of Ford, he replies, I want to win, I don't care what it costs. I would be hard to create a better line up of characters
Carroll Shelby – winner of LeMans in 1959 and car builder himself
Ken Miles – creator of the Cobra and made the GT 40 a real winner
The cast at Ford including Henry and Bebee, both as arrogant as can be, or as Enzo Ferrari put it, he is Ford II not Ford I
Enzo Ferrari – as Shelby put it in his eulogy to Enzo, the only guy who ever got to run his very own car company
We know nothing of the marriages of all the other men, but we learn a great deal about the family of Ken MIles, Mollie and son Peter. Mollie is very well played by Caitriona Balfe. I suspect this is to attract the wives and girl friends of guys likely to attend the movie themselves.
Yes go see this one at the theater, the Lucas Dolby sound alone is worth the admission. And the race scenes are great. Dozens of digital artists are in the credits as I am sure they could never find this many of the original cars.
The problem with the other big three race movies that come to mind
Winning with Paul ewman
Le Mans with Steve McQueen
Grand Prix with James Garner
is the lack of plot and character development, particularly in LeMans.Here the characters are everything, the cars are the props.
High Noon was the first western to win an Oscar for Best Picture. The reason was that it featured a real theme of Civil Obedience and real characters who reflected just that. One by one the town deserts Sheriff Will Kane who tries to raise a posse at different locales. .Finally left alone, we see Kane hand write his last will and testament.
l wished for more technical detail but there is a good deal of that, particularly regarding the replacement brakes.
IMDB estimates the budget at $97 M and I do not doubt that.It has already grossed $62 M.
It rates a 8.3 on IMDB which is really really high.I quite agree.
Check out the Wiki 196 LeMans article for background
Pick an early matinee, we went to the Huebner Oaks which has the best theater seats I have ever experienced.
Professor Elam 