| 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
|
• Salvation
Army got one of the biggest individual charitable donations
ever. The gift of a lump-sum cash donation of $1.5 billion is by the
estate of Joan B. Kroc, the widow of Ray Kroc, the milkshake salesman who
founded McDonald's Corp. in 1955. Half of the money goes toward
construction of 30 to 35 community centers around the U.S. which would
provide recreational and educational facilities to the public and the
other half is to go into an endowment, from which the interest will be
used to help offset operating costs of the facilities. • The
biggest gains in the stock market are coming from the smallest
things. The hottest stocks right now are those of companies racing
to develop nanotechnology, which uses tiny particles to create and improve
all kinds of products. Nanotechnology is a way to develop a
substance, like Teflon, or a component, like a computer chip, with
building block as small as 10 nanometers. A nanometer is
one-billionth of a meter. The idea is that once the substances are
that small, they can be manipulated more effectively and sometimes are not
as affected by forces such as gravity, giving them a range of new
uses. In coming years nanotechnology will be used to improve
everything from computer hardware to drugs and even suit pants.
• Nanosecond: the fraction of time between the lights turning
green and the car behind you honking its horn."
• 60% of big U.S. meat-packers fail to meet
federal E. COLI standards. The USDA says they must do better.
• Just-in-time inventory, is an accounting
terminology with a concept that has now found its way in an advertisement
by IBM. The ad says: "An automaker in Detroit sells a
car. Then builds the car. Can you see it? This is on
demand business. Where customers place orders, and suppliers,
manufacturers and dealers respond in concert, seamlessly. So
inventory spends mere hours on its lots instead of weeks. Companies
aren't blinded by projections. Supply chains sense and respond - to
markets, competitors or coupe-loving customers. On demand
business. Get there with @ business on demand."
• For more of the Generalist, please visit our website
at ARKCPA.COM.
|
• 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.
• The yield curve and macroeconomics: A common
misperception about monetary policy is that the Federal Reserve
controls all interest rates. But in fact, the Fed controls
only a very short-term rate - the federal funds rate - which is the
rate banks charge each other for overnight loans or reserves.
Yet all central bankers are vitally concerned with the behavior of
interest rates of all maturities. They would like to
understand how a change in short-term rates will affect medium-term
and lng-term rates, because the latter two determine aggregate
demand in the economy. The yield curve, which plots a set of
interest rates of bonds of different maturities, offers insight as
to the relationship among short-term, medium-term, and long-term
rates, albeit with controversial interpretations. Movements of
the yield curve over time remains an important and continuing
subject of much research and empirical studies in the finance and
macroeconomics literatures.
• President George W. Bush has been quoted as saying:
"The future will be better tomorrow."
•Automobile-accident victims who do not have medical
insurance are 37% more likely to die from injuries than those with
health coverage. People who cannot afford health insurance
should at least buy catastrophic insurance or major medical
coverage.
•Begin with the end in mind...
•Poetry
on U.S. companies moving to offshore tax havens:
It is
little wonder we smile
We found an offshore domicile
We
like the sunshine on our backs
And
it's perfect for escaping tax
We're
all moving to Bermuda
Ride
moped and scooter
It's
a nice vacation
And
we like the tax evasion
• We see more in numbers than just numbers…
Ali R. Kakhsaz, CPA, MAcc
www.arkpca.com
|
