• Professor Elam

    Tuesday June 13, 2023

    Garth brooks Makes Bud ;Lite Statement

    Garth Brooks doubles down on selling Bud Light at new bar: 'Inclusiveness is always going to be me

    The iconic singer is getting ready to open his entertainment space, Friends In Low Places Bar & Honky Tonk, in Nashville, Tenn. Some of his neighbors, like conservative bar owner Kid Rock, stopped serving Bud Light amid the controversy. However, Brooks explained he won't do that.

     

    "I know this sounds corny," he told Billboard last week, "I want it to be the Chick-fil-A of honky-tonks … I want it to be a place you feel safe in, I want it to be a place where you feel like there are manners and people like one another. And yes, we're going to serve every brand of beer. We just are. It's not our decision to make. Our thing is this, if you [are let] into this house, love one another. If you'r

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    there are plenty of other places on lower Broadway."

    The Country Music Hall of Famer addressed the controversy on his Inside Studio G livestream on Monday. Brooks said he saw people "wanting to burn" his CDs and merch.

    "I get it, everybody's got their opinions. But inclusiveness is always going to be me," the singer shared. "I think diversity is the answer to the problems that are here and the answer to the problems that are coming. So I love diversity. All inclusive, so all are welcome. I understand that might not be other people's opinions, but that's OK, man… they have their beliefs, I have mine."

     

  • Professor Elam

    Tuesday May 30 2023

    Holmes, who dropped out of Stanford University at age 19 to start Theranos, is now 39 with a partner, Billy Evans, and two children under the age of 2. In addition to her 135-month prison sentence, she and a former top Theranos executive, Ramesh “Sunny” Balwani, have been ordered to pay $452 million in restitution.

  • Professor Elam

  • Professor Elam

    Thursday May 18

    WASHINGTON—The Pentagon has overcounted the value of the weaponry it has sent to Ukraine by at least $3 billion, an error that could eliminate the administration’s need to ask Congress for more money to keep Kyiv in the fight this spring, people familiar with the situation said. 

    The military services inadvertently used a higher value for at least some of the weaponry the Pentagon sent to Ukraine, using valuations for new equipment instead of the older gear pulled out of U.S. stockpiles, the people said.

     

    The Pentagon, which has an annual budget of about $860 billion, has long been plagued by accounting errors and has never had a clean, departmentwide audit, most recently failing an external study by multiple firms last year.

    An internal audit of the Ukraine transfers discovered the error in March, and officials said the newly identified surplus could obviate the Biden administration’s need to seek additional funding from Congress for next year. The Pentagon has earmarked more than $44 billion in military aid to help Ukraine defend itself since Russia invaded in February 2022, and the Pentagon says the error leaves it with $3 billion more to spend.

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    “During our regular oversight process of presidential drawdown packages, the Department discovered inconsistencies in equipment valuation for Ukraine,” said Pentagon spokeswoman Sabrina Singh in a statement. “In some cases, ‘replacement cost’ rather than ‘net book value’ was used, therefore overestimating the value of the equipment drawn down from U.S. stocks.”

    For example, the Pentagon overstated the cost of replacing the M777 howitzers it provided to Ukraine by looking at the price tag on the Himars mobile missile launcher system, a far more advanced system slated to succeed the older artillery pieces in the U.S. arsenal. Overall, that cost difference resulted in an overcounting of $75 million, a Pentagon official said.

    Pentagon officials have previously said they would look to replace stocks with more modern versions of the equipment being sent to Ukraine, such as Javelin antitank missiles and the replacement for the Stinger antiaircraft missile, known as Shorad.

  • Professor Elam

    Tuesday May 16 2023

    Theranos founder Elizabeth Holmes can’t stay out of prison pending her appeal, a court ruled Tuesday.

    The U.S. Court of Appeals for the Ninth Circuit said Ms. Holmes’s appeal doesn’t raise a substantial question of law and that even if it did, it is unlikely that it would be enough to overturn her fraud conviction.

    Screen Shot 2023-05-16 at 8.13.28 PM

    Ms. Holmes was scheduled to report to prison on April 27, but her reporting date was delayed while the court considered her request. A new reporting date hasn’t been set. Neither a lawyer for Ms. Holmes nor a spokesperson for the government responded to requests for comment.

    Ms. Holmes, the disgraced founder of blood-testing startup Theranos, was convicted of wire fraud and conspiracy to commit wire fraud in January 2022. She was sentenced to more than 11 years in prison.

     

  • Professor Elam

    Weekend May 14, 2023

    Andy Kessler 5/14/2023

    Dear Grads: Finish that “Ruth Bader Ginsborg” jug at your final borg party. Wind down your Wednesday Addams and M3gan dances. Quit hating on Nepo Babies. And stop saying “super great” like NoHo Hank on HBO’s “Barry,” even ironically. This merits your attention.

    The expression “Genius is 1% inspiration and 99% perspiration” is often attributed to Thomas Edison. But apparently around 1890, a writer and academic named Kate Sanborn gave a lecture saying genius was a combination of inspiration and perspiration and “talent is perspiration.” Even without Twitter, ideas floated around and permeated society. When Edison was later asked what genius was, he answered “2% is genius and 98% is hard work.” When asked if genius was inspired, he blurted out, “Bah! Genius isn’t inspired. Inspiration is perspiration.”

     

    Two lessons here: 1) If you have great ideas, others will repeat them without attribution. 2) There was a lot of sweating going on in the 19th century—modern antiperspirant wasn’t available until 1941.

    Let me update the saying for the 21st century: “Success is 1% inspiration and 99% preparation.” Ideas are shooting around faster than ever, but most are worthless because no one does the hard work to implement them. Implementation requires hours and hours not of sweat—we’re in a service economy now—but of preparation. You must do it all: reading, researching, falling into one rabbit hole after another on the internet to find the right series of precedents and test cases and quotes to make your point, pitching your idea coherently and succinctly so it doesn’t sound pie-in-the-sky but practical.

    Preparation is everything! Forget football’s old-timey “3 yards and a cloud of dust.” After a 2021 touchdown, Los Angeles Rams receiver Cooper Kupp shared his read of the defense: “They had a little three-deep fire zone. Brought the nickel off the edge, safety dropped down. They didn’t look like they were doing a replacement fire zone.” That level of understanding required preparation, memorization and practice. And news flash, Stephen Curry draining half-court shots isn’t luck.

    Watch the amazing 2021 video of the Perseverance rover landing on the surface of Mars. The onboard camera shows the terrain. After the landing, I’m pretty sure one of the scientists exclaims, “Hey, that’s my rock.” In mission preparation, the entire landing area was digitized. The planners knew the placement of every rock and dip in terrain. We’ve come a long way from Neil Armstrong with a joystick. No room for error. Prepare, simulate, fix and prepare again.

    Churchill famously memorized his speeches and practiced giving them over and over in his bathtub and pacing his room while chomping on a cigar. Some of this was to overcome his stutter, but it was mainly to get the intonation and alliteration just right. Nothing was off-the-cuff. His speeches didn’t sound like they were read from a piece of paper; they felt stream of consciousness. In his finest hours he showed the value of preparation.

     

    Sadly, there is an all-out war on merit and a push for equality of results no matter how much work you put in. You’ve lived it: de-emphasized grades and aptitude tests, “holistic” admissions, identity hiring. That is anti-progress. Whenever I hear the overused expression “woke,” I think W.O.K.E.—War on Knowledge Excellence. The opposite of merit is mediocrity, the default of the lazy. Don’t fall for it. Instead, stand out and prove your merit by working, by preparing.

    Yes, preparation is merit. Though devalued in the pretend world of admissions and politics, in the dog-eat-dog world of real life and careers and advancement and progress, preparation and merit are the currency of the realm.

    Use all the tools at your disposal: books, search, mobile screens and now artificial intelligence and large language models. But aren’t those distracting? Sure, but you’ve been training your whole life for this, multitasking lectures, TikTok feasts, scanning tweets and playing videogames, often simultaneously. Use it to your advantage.

    But, you may ask, why put in any extra effort? ChatGPT can pass Advanced Placement tests, entry exams for law and medical school, and even the bar exam. That probably says more about how lame those tests are than about AI’s ability. But even though AI can answer almost any prompt you throw at it, it is worthless in an elevator when your boss asks you what you think about new product ideas or sales prospects in Omaha.

    The only answer comes from that 99% preparation. Study everything, not only the task you’ve been assigned. Dig deep. Come up with ideas and potential solutions. Work on an elevator pitch for what excites you. Don’t wing it. Prepare. And trust me, the feeling you get from preparation-induced success is better than anything you can buy at a dispensary. Preparation will make you super great.

    Write to kessler@wsj.com.

  • Professor Elam

  • Professor Elam

     
    Emily Stupnik <estupnik@tx.cpa>
    To:Emily Stupnik
    Cc:Jodi Ann Ray
     
     
    Fri, May 5 at 3:55 PM
     
     

    Faculty Ambassadors,

     

    TXCPA and Surgent are working together to bring students and candidates another FREE mock exam opportunity! Our next event will be Thursday, June 8th, at 1pm. Testers can register on our website at tx.cpa, just search “mock CPA” to find the event, or at this link: Event Details | TXCPA.

     

    Members and non-members can register, but we strongly urge your students to become free student members of TXCPA so they can take full advantage of our membership benefits! Please encourage them to complete the entire registration, as sometimes necessary information can be accidentally left off.

     

    I have attached the flyer for this event. Please feel free to share it on your class social media or learning platform, in class, and/or via email. We hope to have a great turnout!

     

    Have a great weekend!

                                                                                                                                                                                                                                               

    Respectfully,

    Emily Stupnik

     

  • Professor Elam

    Friday May 5, 2023

    Thursday May 4 2023 SS TXPA held its annual awards get together at La Familia at the Rim.TAMUSA students Mary Ann Cumpiam and Maribel Calderon were the big student winners each taking away two plagues and a check each. More details in cations to follow.

     

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    Mary Ann and Marible are juggling more awards than they can handle in the photo below.

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  • Professor Elam