8/15/2025
Accounting & Investing Info for San Antonio A & M
8/14/2025
I posted this for a reason Most of my life Waco was just a fast food stop between Austin and Dallas. Yes Baylor was there but before they hired Grant Teaff as football coach it never amounted to much either. Now look what two individuals did for Waco.
8/14/2025
Evergrande China's largest property developer is finally kaput. Apparently that finally cased a domino collapse among their suppliers. This is in contrast to China's claim of GDP growth.
But Trump is trying to fix US economic numbers in Chinese fashion, will he get the same result?
trump is going to crimp China's growth.
8/14/2025
Yappy Hour – August 21, Elsewhere, 103 E Jones Ave. at 5:30 PM – 7:30 PM
Member Appreciation Day – August 22, at Norris Conference Center
Trinity University – Meet the Firms – September 9, from 5:00 PM to 7:30 PM
Accounting Careers Workshop – September 26, Norris Conference Center
at 5:00 PM – 7:30 PM
Fall Symposium – October 21, Norris Conference Center at
8:00 AM – 4:30 PM (Tax)
Etiquette Dinner – November 6, Embassy Suites Landmark at 6:00 PM
Golf Tournament – November 13, Canyon Springs Golf Club at 8:00 AM
Ethics Class – December 5, online only 8:30 AM – 12:30 PM (No test)
Blue Santa – December 11, Embassy Suites Landmark at 11:30 AM
8/13/2025
Kenneth Temple
Grillin' and Cookin' wit AB
8/13/2025
Check out intern opportunities at Forvis in SA
Notice these are for 2026 and 2027
Most larger firms plan a year or two ahead. too often our students assume they can ask in April for a June internship, this rarely happens
8/12/2025
Spirit Airlines said it might not continue to operate if its financial results don’t improve faster than it previously expected.
The budget airline emerged from bankruptcy in March, but travel demand among price-sensitive consumers has remained under pressure. It has taken steps to enhance its product in response, including through a premium economy travel in combination with cost-saving measures such as pilot furloughs in July. But the company said it expects pressure on the business to continue for the remainder of 2025.
“After considering the measures taken, minimum-liquidity covenants in the company’s debt obligations and credit-card processing agreement require financial results to improve at a rate faster than what the company is currently anticipating,” Spirit said in a securities filing. It added that it would take additional steps to raise liquidity.
Spirit said that given the uncertainty of successfully completing initiatives to comply with certain liquidity requirements, it has concluded there is substantial doubt regarding its ability to continue as a going concern within 12 months from Aug. 11, the day of its disclosure.
Shares of other airlines rallied as investors anticipated rival carriers could benefit from reduced competition if Spirit is unable to operate or has to scale back further. Rival budget airlines saw the biggest gains. Shares of Frontier Group Holdings, the parent of Frontier Airlines, rose 24%.
8./12/2025
Eastman Kodak KODK -19.91%decrease; red down pointing triangle
swung to a second-quarter loss and warned about its ability to pay its current debt obligations, as it attempts to find savings by terminating its retirement pension plan.
On Monday, the company reported a second-quarter loss of $26 million, or 36 cents a share, down from a profit of $26 million, or 23 cents a share, the year prior. Revenue fell to $263 million from $267 million.
“Kodak has debt coming due within twelve months and does not have committed financing or available liquidity to meet such debt obligations if they were to become due in accordance with their current terms,” the company said in a Securities and Exchange Commission filing. “These conditions raise substantial doubt about Kodak’s ability to continue as a going concern.”
The photography company said last year that it would terminate its retirement income plan to pay down debt. It said Monday that it would know by Aug. 15 how it would satisfy its obligations to pay all pension participants and expects to complete the excess cash reversion by December.
The company said tariffs didn’t have a material effect on its business in the second quarter but said it was still assessing the potential effects of new tariffs.
Shares were down 6.34%, to $6.35, in after-hours trading.
8/13/2025
A cage fight at the White House?
It sounds like a columnist’s crazy fever dream, but the president’s already suggested it—and his pal Dana White said it’s very real.
“That is going to happen,” the UFC maestro-slash-manosphere whisperer told me Monday.
I’d gotten on the phone with White to talk about his gargantuan new deal with Paramount, which promises the UFC a spectacular $7.7 billion over seven years.
True to form, the 56-year-old promoter was touting his next project, which would be surreal, unprecedented and maybe entirely predictable:
A major UFC card of mixed-martial arts—blood and sweat presumably included—at 1600 Pennsylvania Avenue.
They’d do it right there on the South Lawn, home to Marine One landings and gentle Easter egg rolls. “We have a lot of land there,” President Trump said in July. The event would be part of the country’s 250th anniversary celebration in 2026.
“Probably on CBS,” White said, which will surely thrill new Paramount CEO and CBS caretaker David Ellison, even if it makes the ghost of Edward R. Murrow reach again for his trusty pack of Camels.
How can anyone be shocked? By now, the UFC’s assimilation into the culture—or perhaps, the culture’s assimilation into the UFC—is old news.
Once a rogue in the corner, demonized by politicians, the UFC today is the preferred sport of a chief executive who flocks to fights with close associates, neo-emperors drawn to spandexed gladiators. The UFC is a global behemoth, a pillar of a publicly traded company, about to wrap a $550 million a year deal with Disney’s ESPN.
Now it moves to Skydance acquisition Paramount, home to “60 Minutes” and Masters golf.
Multiple media players wanted a piece of the UFC’s future, White said. Consideration was given to splitting the events among several carriers, as the NFL and NBA have done, until Paramount intervened, he said.
“Last minute, these guys came in and said, ‘You know what? We don’t want to share. We want it all.’” White said.
Under the new arrangement, a Paramount+ streaming service subscriber will have exclusive access to all UFC fights—including premium ones that historically required additional fees via “pay-per-view.” Selected fights will also be simulcast on CBS.
“What I do love about [the deal] is that the product is much more affordable for everybody,” White said.
The move means UFC will bid adieu to its high-profile deal with ESPN. White and Disney may have started as odd partners, but White often raved about the impact when the sports giant’s brand and personalities got behind his events and fighters.
I asked if he worried about losing that ESPN fire hose of attention.
“No,” he said. “It’s part of growing. We said goodbye to Spike. We said goodbye to Fox. And now, ESPN.”
Did the Paramount+ subscription deal mark an end to pay-per-view in sports? White—who’s also promoting the upcoming Canelo Alvarez-Terence Crawford fight on Netflix—pooh-poohed the suggestion.
“You get the right fight with the right guys at the right time, it could be a pay-per-view,” he said.
Unlike most major sports, the UFC doesn’t have an athletes union; fighters are independent contractors. When I asked if the megadeal could motivate UFC fighters to organize in order to collectively bargain, White deflected.
“I can tell you this—since day one, fighter pay just continues to go up,” he said. “Every new deal we get, it’s definitely good for the fighters.
What’s obvious is that the UFC sits at the grown-ups table in televised sports. The deal makes the UFC an essential partner of Paramount+ under the Ellison era, joining SpongeBob and all those horsey Taylor Sheridan dramas. David Ellison attended fights in the run-up to the acquisition, and Ellison’s father, Oracle co-founder Larry Ellison, is a longtime fan, White said.