October 2003

           

the  Generalist

www.arkcpa.com October 2003
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

•Car dealerships of the future, now: The North Scottsdale Auto Mall in Phoenix, Arizona features: A dozen car brands under one floor.  A free racing-car museum that houses 11 of the 13 Indy 500-winning cars owned by Roger Penske's teams and more.  A cafe that serves Starbucks.  And two automobile test tracks.  An observation deck off the upstairs cafe overlooks a Land Rover test track with steep hills and a waterfall.  The Volkswagen display features a store selling battery-powered Beatles for children and T-shirts for all.  The dealership is owned by Robert Penske's United Auto Group who spent more than $100 million to build it.  

 •Early-childhood activities that contribute to the learning gap between white and minority children:

Black Hspc Asian White
Parents read to them six times  weekly 68% 75% 78% 87%
Attended preschool  33 34 47 49
Visit a public library 49 49 68 56

___

___ ___ ___
Watch TV weekly (average hours) 18 15 13 13

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___ ___ ___
SAT score (average verbal and math) 857 905 1083 1063
Hspc: Hispanic

For more of theGeneralist, visit our Website at ARKCPA.COM

•Learn a modern Chinese Phrase:

It's dark in here.......

"Wao So Dim" 

•Gilbert, a suburb of Phoenix, Arizona was the fastest-growing community in the past two years, as the Southwest grew and the Northwest and Midwest cities shrank.

•One in five American workers experienced at least a one-time layoff during the past three years while two-thirds of them had no severance package.

•Rising revenues of U.S. law-firms: Their revenues continued to climb last year despite the economic slump, rising 8.5% to $38 billion at the top 100 firms.

•The last VW Beatle rolled off a factory in Mexico on July 30, 2003.  Volkswagon, Hitler's original "people's car" ended after 68 years.  21,529,464 VW Beatles were sold in all.

theGeneralist, 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. 

•Americans' largest asset id their homes - worth $14 trillion ($14,000,000,000,000).  That's 92% more than a decade ago.  Mortgage debt on the U.S. houses totaled $6 trillion as at the end of last year.

Money laundering is for real in India: India's vast network of legal money launderers use water, soap, scissors, tape and ingenuity to get India's stressed-out paper money bills into enough shape to be cashed in at the central bank.  The launders buy at a discount the dirty, worn-out and decaying two, five, 10, and 20-rupee notes (worth between four and 50 cents) that no one but beggars will accept from India's more than 300 million poor.  They will then turn in the mended notes to the Reserve Bank of India to exchange them for full value.  The central bank has more than 5,000 employees checking to see if bills are suitable for exchange.  The aim isn't to put the bills back into circulation but to make sure they don't fall apart as the bank processes them.  The rupee notes have the watermark of Mahatma Gandhi's face.  "I'm going to teach my son this trade," says a launderer who's been at it for 25 years. 

•Commercial dialysis centers have an 8% higher risk of kidney-failure deaths than non-profit ones.  Financial pressures is being blamed as the reason.

•We have verified as correct the spelling of the names of the top five California gubernational candidates:

BUSTAMANTE  Cruz M.

CAMEJO Peter Miguel

HUFFINGTON   Arianna

MCCLINTOCK  Tom

SCHWARZENEGGER  Aronld


We see more in numbers than just numbers… 

Ali R. Kakhsaz, CPA, MAcc

www.arkpca.com

 

 



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