December 2004

           

the  Generalist

www.arkcpa.com December 2004
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

Heaven is where the police are British, the chefs Italian, the mechanics German, the lovers French, and its all organized by the Swiss.  Hell is where the police are German, the chefs British, the mechanics French, the lovers Swiss, and its all organized by the Italians.

A gun safety demonstration went awry and landed Monroe County, Indiana Coroner, David Toumey in the hospital after he shot himself in the leg. 

Charlotte County, Florida, leads in the U.S. with highest percentage of seniors.

Richest Americans under 40: Top on the list, since the list started in 1999, is Michael Dell, 39, chairman and Founder of Dell Computer Inc. with $17.95 billion.  Larry Page and Sergey Brin of Google, both 31, hold the 4th and 5th spots with $4.19 and $4.17 billion.  Brittany Spears, Jennifer Lopes, Julia Roberts and the Olsen twins also made the list this year.  Although tech entrepreneurs still dominate the top 10, their numbers have dwindled by half since the inception of the list in 1999 by Fortune Magazine.

A shot of olive oil: A medical intern at a western Austria hospital mistakenly injected an elderly patient with olive oil instead of antibiotics after mixing up bedside vials.  Question: What was the damned olive oil doing there?

The U.N. says 40 countries have atomic weapons potential.

A woman driver was pulled over by police on suspicion of drunk-driving in Tallinn, Estonia.  In trying to get out of the ticket, she performed a full-course striptease.  Her performance was captured on police video.

Economics of the nations (Part 5)

Traditional economics:

  You have two cows.

  You sell one and buy a bull.

  Your herd multiplies and the economy grows.

  You retire on the income.

Italian economics: 

  You have two cows.

  You don't know where they are.

  You break for lunch.

For more of the Generalist, please visit our website at ARKCPA.COM.

 

Wishing you the season's peace, joy and blessings.  Happy 2005 and Thank You for being the greatest clients and friends.

theGeneralist, a one-page monthly publication of the accounting firm of A. R. Kakhsaz Company, is in its 10th year of providing information, presented fairly and accurately, from sources we can depend upon and trust.

The reign of a family that has become synonymous with California's Napa Valley winemaking is ending.  Robert Mondavi Corp. is being sold to Constellation Brands Inc. of Fairmont, New York, for $1.4 billion.  Constellation is already the world's largest wine marketer and controls 20% of the U.S. market.

The Bunny is back:

Some churches in Mexico

High oil prices have trimmed about three-quarters of a percentage point off economic growth this year, said Alan Greenspan, chairman of the Federal Reserve. 

The peak-oil point: The beginning of the end of the age of oil might finally be here, says Dr. Colin Campbell, 73, who is a retired oil-industry geologist.  The alarming fact is that since the early 1980s the world has been pumping more oil out of the ground than it's been finding.  Humanity may have reached a point of reckoning: It may have extracted half the oil it will ever get.  Once that "peak" is reached, says Campbell, global oil production will start falling, never to raise again.  That's the end of cheap oil.  To maintain economic growth, the world would have to become radically more energy-efficient, shifting quickly to alternatives as solar and nuclear power.  Dr. Campbell's wife affectionately calls him Mr. Doomsday.   

We see more in numbers than just numbers...
Ali R. Kakhsaz, CPA, MAcc

www.arkpca.com

 

 



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