• Professor Elam

    Weekend January 16, 2017

    Weekend January 16, 2017

    From: Katherine Bridgman
    Sent: Monday, January 09, 2017 11:19 AM
    To: Tracy Hurley; Syed Harun; Amy Lewis
    Subject: Spring Writing Center Updates

     

    *Please forward to faculty in your college.*

     

    Hi all,

     

    Welcome back! As we get ready for the spring semester, I’d like to share a few reminders about the Writing Center.

     

    Consider mentioning us your syllabus!

    “The Jaguar Writing Center provides writing assistance to graduate and undergraduate students in all three colleges. Writing tutors work with students to develop reading skills, prepare oral presentations, and plan, draft, and revise their written assignments. Students can make individual or group appointments with a writing tutor. The Writing Center is located in suite 208 of the Central Academic Building. The Writing Center can be reached by emailing tutoring@tamusa.edu or calling (210)-784-1332. Appointments can also be made through JagWire using TutorTrac, which is found under the services tab.”

     

    Invite a writing tutor to visit your class!

    Faculty can invite tutors to conduct brief presentations about the Writing Center! These presentations will cover the following topics:

    1) information about who the tutors are
    2) the types of services that we offer
    3) what students can do to get the most out of their tutoring sessions
    4) how to make an appointment using our online scheduling system TutorTrac 

    Make requests at  http://bit.ly/WritingTutorVisit!

     

    Share our hours with your students!

     

    As always, don’t hesitate to contact me with any questions or concerns.

     

    All the best,

    Katie

     

    Katherine Bridgman, Ph.D.

    Assistant Professor of English

    Texas A&M-San Antonio

  • Professor Elam

    Weekend January  15, 2017

     

    The Way We Are

    The United States Office of Management and Budget (OMB) has defined 382 Metropolitan Statistical Areas (MSAs) for the United States and seven for Puerto Rico.[1] The OMB defines a Metropolitan Statistical Area as one or more adjacent counties or county equivalents that have at least one urban core area of at least 50,000 population, plus adjacent territory that has a high degree of social and economic integration with the core as measured by commuting ties.

    MSA

    2012 Population

    % of State

    Cumulative %

    DFW

    6,359,758

    27

    27

    HoustonBaytown Hunts

    5,641,077

    24

    51

    San Antonio

    1,942,217

    8

    59

    Austin Round Rock

    1,513,565

    6

    65

    El Paso

    736,310

    3

    68

    McAllen

    700,634

    3

    71

    Corpus Kingsville

    446,565

    2

    73

    Brownsville

    408,362

    2

    75

    The Rest

    6,455,181

    25

    25

    I made numerous speaking engagements in Midland Odessa from 1995-1999. One of the themes of those presentations was that, statistically speaking, Midland Odessa, regrettably, did not count for a lot of population in the great scheme of things. That explained why in a state wide election, Houston got the candidate, the Permian Basin would be lucky to get, say, the nephew.

    Twenty years ago, once one reached El Paso on the list, that encompassed about 65% of the population of Texas. As of 2012, four, near five years ago, it was 68%. No doubt it is now 70%.

    Okay I knew you would ask so here is the Permian Basin.

    MSA

    2012 Population

    % of State

    Cumulative %

    Odessa

    127,462

    .541

    .541

    Midland

    124,380

    .527

    1.068

    The conclusion and take away here is that the large SMSAs continue to attract a higher percent of the population. The cyclical nature of the oil-based economy (boom and bust) has pretty well kept the population from really growing in the Basin.

    An article about Bexar County, San Antonio, caught my eye and prompted this column. I spent 1966-1972 as a college student and finally accounting employee in Austin, Tx. Back then it was still a sleepy, but attractive town. It had the State Capitol and UT Austin, dependable but low wage employers.   All of us wanted to live there but few well-paying jobs were hard to come by. The high tech economy that Austin had today was still a couple of decades away.

    But nostalgia dies hard. Far too many still think of Austin as a desirable destination city. As one who lived there again in 2001-2002, I assure it is not. Austin is the largest city in Texas without an inner city loop. Translated that means traffic worse than Houston, and that is saying something, With the State, City, County, and University of Texas real estate property tax exempt, the cost of real estate for the rest of the population is high. The City owns the electric company and prices that service accordingly.

    So I was not surprised to see a story about a hair-dresser who was thankful she had moved from Austin to San Antonio.

    With two loops, 1604 and 410, yes there is traffic. And Friday afternoon is to be avoided on the street at all costs. But it beats Austin any day for affordability and ease of movement.   And San Antonio has a lively arts community with the revamped Tobin Center, the Majestic Theater, and a slew of independent production companies.

    The bottom line is this. Texas has more MSAs than any other state. Previous to the new designation of 50,000, an MSA was 100,000. Neither Odessa nor Midland reached this level in the 1980s. Finally the Permian Basin convinced the OMB to count the two cities as one MSA. And overnight, Midland sprouted all sorts of national chains who had not been here before.

    Most Texans live in the eastern part of the state, I-35 is literally demography, it is where the west begins. And 80% of us live in a mere 48 of our 254 State Counties.

    And the truly good news is, you and I do not live in DFW or Houston…

  • Professor Elam

    Weekend January 14, 2017

    Here is a look at the quite unusual VW factory in Dresden Germany.

    It produces the Phaeton. This was supposed to be the up market VW,but the  public was not willing to pay audi prices for a VW badged product.

    Phaeton only sold 25,000 cars world wide in four years.

  • Professor Elam

    Wednesday January 11 2017

    *Job ID:

    9516

    *Job Title:

    Accounts Receivable Intern (Paid)

     Organization Name:

    Relink Rackspace

    Work Schedule:

    M-F 8-5 (Flexible)

    Hours per Week:

    32

    Wage/Salary:

    TBD

    *Job Description:

    The Accounts Receivable internship is a perfect opportunity for students pursuing a career in business administration or accounting looking to gain experience in collections and customer service. 

    In a typical day, you will: 
    • The AR intern will work directly with our AR department and have the opportunity to learn and participate first hand in the following ways: 
    • Works on assignments that are semi routine in nature. 
    • Ability to multitask in a fast-paced environment 
    • General knowledge for resolving account issues by using various methods of research, including basic account reconciliations, and skip tracing. 
    • Assistance collecting all monies due via phone, email, or ticketing system in order to minimize the risk of bad debt. 
    • Assisting the department with a variety of entry level daily tasks. 
    • Working with other departments and outside vendors in regards to accounts in collections.

    *Qualifications:

    • Good customer service/communication skills. 
    • Basic understanding of MS Office. 
    • Ability to multitask in a fast-paced environment 
    • Bilingual (English/Spanish) with the ability to Speak/Read/Write professionally using business terminology.

    *How to Apply:

    Please email resume for consideration to Christina Torres, Revenue Operations Group Lead, at christina.torres@rackspace.com.

     

     

    Thanks,

     

    Clarissa E. Tejeda

    Career Advisor

    Texas A&M University-San Antonio

    Office of Career Services | Center for Experiential Learning & Community Engagement

    CAB, Suite 211

    Clarissa.Tejeda@tamusa.edu

    Office: (210) 784-1339 |  Fax: (210) 784-1498

    http://www.tamusa.edu/careerservices/

    Empathy | Developer | Individualization | Activator | Maximizer 

     

  • Professor Elam

    Monday January 9, 2017

    We have made numerous posts on the decline of Sears SHLD. Here is the latest run down.

    Apparently the firm needs another $1.5 billion in 2017 to stay afloat. The article describes a CEO who is never at headquarters and rants and raves during meetings, sounds like the true bunker mentality.

    This is ironic in that Sears literally invented catalog shopping in the  1890s. Now retail is suffering from on line shopping. Is on line shopping really very different from catalog shopping.
    Substitute the internet for the post office or Fed Ex for USPS and the difference disappears. It is simply that Amazon perfected it while SHLD stood still. 

    Another article today reports on the decline in mall occupancy. With major retailers cutting jobs and space and SHLD on the way out, no wonder.

  • Professor Elam

    Weekend January 8 2016

     

    Michael Taylor makes the point that if a fund never records a loss, it is probably a fraud.

    In short no one is right all the time. This is an interesting article about an investor who avoided all losses by pulling money from a fund when he recorded a loss.

     

    As Taylor says, this guaranteed the investor put more and more money with Madoff, who claimed to never have a loss.

  • Professor Elam

    Weekend January  8, 2016

    Total Costs of the Penn State Abuse Scandal are now about $250 Million.

    We study ethics in Acct 5308 this spring, And internal audit as well as internal control procedures are discussed throughout intermediate accounting.

     

    Penn State has of course, a an Internal Audit Dept.

    I doubt this potential risk ever occurred to them. This emphasizes the importance of thinking

    What Could Go Wrong, and what we can do to prevent it.

  • Professor Elam

    Weekend January  7, 2016

    Slow Dance
    This is a poem written by a teenager with cancer.
    She wants to see how many
    people get her poem.
    It is quite a poem, please pass it on.
    This poem was written by a terminally ill young girl in a
    New York Hospital.
    It was sent by a medical doctor Make sure to read what is in the closing statement AFTER THE POEM.
    SLOW DANCE
    Have you ever watched kids on a merry-go-round?
    Or listened to the rain slapping on the ground?
    Ever followed a butterfly's erratic flight?
    Or gazed at the sun into the fading night?
    You better slow down.
    Don't dance so fast.
    Time is short.
    The music won't last.
    Do you run through each day on the fly?
    When you ask, “How are you?”
    Do you hear the reply?
    When the day is done, do you lie in your bed,
    with the next hundred chores running through your head?
    You'd better slow down
    Don't dance so fast.
    Time is short
    The music won't last.
    Ever told your child,
    We'll do it tomorrow?
    And in your haste,
    Not see his sorrow?
    Ever lost touch, let a good friendship die
    Cause you never had time
    To call and say,'Hi'
    You'd better slow down.
    Don't dance so fast.
    Time is short.
    The music won't last..
    When you run so fast to get somewhere,
    You miss half the fun of getting there.
    When you worry and hurry through your day,
    It is like an unopened gift….
    Thrown away.
    Life is not a race.
    Do take it slower
    Hear the music
    Before the song is over.
    FORWARDED E-MAILS ARE TRACKED TO OBTAIN THE TOTAL COUNT.
    Dear All:
    PLEASE pass this mail on to everyone you know –
    even to those you don't know!
    It is the request of a special girl, who will soon leave this world
    due to cancer.
    This young girl has 6 months left to live, and as her dying wish, she wanted to send a letter telling everyone to
    live their life to the fullest, since she never will.
    She'll never make it to prom, graduate from high school,
    or get married and have a family of her own.
    By you sending this to as many people as possible, you can give her and her family a
    little hope, because with every name
    that this is sent to, the American Cancer Society will donate 3 cents per name
    to her treatment and recovery
    plan. One guy sent this to 500 people! So I know that we can at least send it to 5 or 6.

  • Professor Elam

    Weekend January  7 2017

    I discovered this past semester that most of you have not seen the movie Patton starring George Scott.

    We will study leadership in Chapter 8 in Acct 5308 Ethics this semester.

    I suggest you take a look at the openning scene of Patton.

    A World War allows leaders to do things not done in peace time. Patton was given purposely to using profanity. He felt that if men are being sent to potentially die in battle,

    one needed to get their attention and speak frankly.

    We will look at other leadership styles throughout the semester.

     

  • Professor Elam

    Weekend January 7, 2016

    I have always been skeptical of the LCM rule. This holds that retailers mark down their inventory to the lower of cost or sales price less cost to sell.

    I have always maintained that if the stuff on aisle seven is not moving out the door the retailer lowers the price till it does, it is not getting more valuable sitting on the shelf.

    Here is an article on 2016 Christmas season/

    And here is a graphic that makes my point. In short the retailers did not keep this stuff at lower prices, they priced it to move.

    I find chapters 8 and  9  in our Intermediate Text woefully out of date.

    Screen Shot 2017-01-07 at 7.43.16 AM