| A.
R. Kakhsaz Company
an accountancy corporation
Member
American Institute of
Certified Public Accountants
International associates:
Tavana & Co.
Chartered Accountants
Toronto, Canada
Tel.416-229-2221
|
THEY'RE NOT
SPENDING, SAVING, OR INVESTING. American households are sitting on a
mountain of money - $4.29 trillion to be exact. The monies are in
various U.S. savings deposits earning just 2%. "The sums are so
large that even a slight flow out of the bank deposits into equities could
lead to a pop in stock prices. Or if spent, even a small share of
this accumulated wealth could unleash a meaningful raise in retail sales,
helping to lift profits and buoying economic growth."
Meanwhile, last month the Federal Reserve Board cut short-term interest
rates by another 0.25% to 1.75% - the first time in 40 years the rate has
gone below 2%. That's the eleventh rate cut during 2001. Fed
monetary policy makers have little confidence in the effectiveness of rate
cuts. The only remaining hope is the potential effect of the fiscal
policy's stimulus-package on the continuing U.S. economic slump.
the Generalist, a one-page monthly publication of
the accounting firm of A. R. Kakhsaz Company, is in its seventh
year of publication.
THE U.S. HOUSE of REPRESENTATIVES COMMITTEE
that deals with income tax matters - proposals,
reconciliations and legislations - is the Ways and Means Committee.
Its chairman, Bill Thomas of California, quips: Our committee is
"probably the most appropriately named committee in the
House." He says: "Our job is to figure out ways of
separating people from their means."
FBI DUBS ITS CONTINUING BIOTERRORISM CASE "Amerithrax."
TEN BILLION E-MAILS ARE SENT EVERY DAY.
But are they opened? Canadian anthrax investigators knew well before
the U.S. attacks that the act of opening a letter can release millions of
spores and that even sealed envelopes posed risks. They sent the
U.S. Center for Disease Control an e-mail on their findings on October 4,
2001, but it was never opened. Spams have become a major problem on
the Internet. E-mail was invented 30 years ago by Ray Tomlinson in
Cambridge, Massachusetts.
CALIFORNIA COMMERCIAL REAL ESTATE outlook is dire
throughout 2002. That's because of lingering effects of terrorist
attacks, massive layoffs, high-profile bankruptcies and a drop in consumer
spending. Real estate firms should adjust and align their business
strategies with those of their corporate / business clients to reflect the
need for tightening spendings, heightened security and the raise in
insurance premiums. |
CHARITABLE ORGANIZATIONS inevitably spend some of the
contributions made to them, on administration and fund-raising
costs. The top 100 U.S. Charities spent contributions made to
them during 1999 and 2000 at the following overall average rates:
| Program (toward the
cause) |
65% |
| Administrative and
fundraising |
25 |
| Savings |
10 |
| Total contributions |
100% |
RISKS
OF HEART ATTACK AND STROKE are substantially reduced by expanding use of
statins even to people without high cholestrol.
HAVE
YOU VISITED OUR WEBSITE LATELY? go to www.ARKCPA.com
CALIFORNIA
RESIDENTIAL REAL ESTATE:
Despite lower mortgage rates, only 35% of all homebuyers were
first-time buyers in the year 2000, down from 39% a year before.
Nearly one-half of all homes were purchased by first-time buyers in
1995. While 60% of the U.S. first-time buyers can afford a
median-price home, only one-third of Californians can. The
median-price of an existing single-family home in California has
reached a record $280,000 - a 16% jump over the last year's median
price of $241,000.
ON
THE BIRTH OF TAX FORM 1040: "There
once was a man who was thrifty. This year his income was
fifty. The government said Lordy! And that's
how we got the 10-40."
AT
THE CORE OF THE SUCCESS OF THE U.S. economy in the late 1990s was a euphoric surge in
productivity. There was, of course, plenty of waste too.
For instance, U.S.
banks purchased two new personal computers for each employee between
1995 and 1999 and got little payoff.
TO
CONTACT ALI KAKHSAZ e-mail
ali@arkcpa.com
COGNITIVE IMPAIRMENT AFFECTS 23% of the elderly. 26% of
those affected go on to develop Alzheimer's or some other form of
dementia.
WE
SEE MORE IN NUMBERS than just
numbers… We see opportunities for you.
Ali R. Kakhsaz, CPA, MAcc
www.arkpca.com
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