| 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
|
THE U.S. PLAN
FOR A DEMOCRATIC IRAQ calls for a free-market economy with a new
currency and banking system and health care for all. U.S. dollar is
the de facto currency for now. While big U.S. corporate players will
rebuild Iraq's devastated infrastructure, some work will be done by
private companies such as Ms. Charito Kruvant's Creative Associates who
landed a one-year, $62 million contract to help Iraqi students get back to
school by October. The infrastructure contract alone could easily
grow to tens of billions of dollars.
TWO OF THE BIGGEST INTERNATIONAL SHIPPING
companies have colluded, for years, to divide up their market for
transporting liquid chemicals across the sea. They are Stolt-Nielson
SA and Odfjell ASA, who both have roots in Norway. Fats and oils
they carry are the essentials of modern life, used to make everything from
computers to nylon, paints, shaving cream, salad dressing, and on.
Higher shipping rates on such freight, means higher prices for
everything. The two companies discussed which shipping cantract each
would bid for, route by route, and exchanged information on their bid
prices. Look how nearly evenly they divided half of the world market
between themselves: Shown below is market share of shipment of
liquid chemicals by seagoing tankers in 2001.
| Stolt-Nielson SA |
22% |
| Odfjell ASA |
23 |
| Tokyo Marine Co |
6 |
| Jo Tankers |
9 |
| Others |
40 |
FOR MORE OF the Generalists,
Go to our website: ARKCPA.COM
PAPER-THIN TELEVISION WILL HIT THE MARKETS later in
2003. It will be a sheet of almost paper-thin plastic that is cheap
to produce and can be hung almost anywhere or rolled up and stored between
uses. Prices will of course be sky-high in the beginning. But
wait for their mass market introductions in 2004 and 2005.
POOR DONORS WHO SELL A KIDNEY are making a bad
bargain, found a study of India's black market. Fees of some $1,000
paid such donors are wiped out by their health problems.
Abigail
Van Buren (Dear Abby) said she was at a total loss to reply to the
following actual letter:
Dear
Abby:
My
forty-year old son has been paying a psychiatrist $50 an hour every week
for two-and-a-half-years. He must be crazy. |
UNDERAGE DRINKERS ACCOUNT FOR 20% OF U.S. consumption, and
adults who drink excessively account for more than 30%.
the Generalist, a one-page monthly publication of
the accounting firm of A. R. Kakhsaz Company, is in its ninth
year of providing information, presented fairly and accurately, from
sources we can depend upon and trust.
TUITON AT FOUR-YEAR PUBLIC COLLEGES AND universities (now
at about $4,100) is up 10% from a year ago, or about seven times the
rate of inflation. Private-college tuition (now at about
$18,300) increased by about 6%, and tuition at community colleges
(now at about $1,700) increased by 8%. However, student aid
also increased $90 billion, nearly tripled from a decade ago.
Mare than half of that money is in the form of loans that eventually
have to be paid back. But a bigger slice than ever also is
coming in the form of merit scholarships for high-scoring, high-GPA
students.
THE IRS HAS A LIST of frivolous arguments people use to
avoid paying taxes. Top on the list is: The tax system is
voluntary, so you don't have to file. The IRS says:
"Filing income tax return is not voluntary and is clearly set
forth in the Internal Revenue Code."
President George W.
Bush has been quoted as saying:
"It's
time for the human race to enter the solar system."
BREAST CANCER SURVIVAL RATES: A new
study published in the New England Journal of Medicine found no gain
in survival rates for women who underwent radical mastectomies
compared with those who received less-extensive surgeries.
Survival rates were about the same for patients who underwent
radiation and those who didn't. The study was one of the
longest running on breast cancer treatment in the U.S.
Furthermore, a drug designed to block the blood supply to tumors
failed to improve survival of breast-cancer patients, found a
separate study. Finally, breast self-examinations do not
reduce the risk of dying of cancer, found a study in the National
Cancer Institute Journal.
WE SEE MORE IN NUMBERS than just numbers…
Ali R. Kakhsaz, CPA, MAcc
www.arkpca.com
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