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• Bible reading during jury deliberations may have swayed the verdict, said Colorado's top court that threw out a death sentence case.

• Growing faith: Followers of Christianity, Catholicism, and Islam:

Note the amazing growth of muslims!

• At seven public meetings, "we learned about the dismal condition of our tax code," said Connie Mack, chairmen of President Bush's advisory Panel on Federal Tax Reform.  The panel's report is due by July 31.

• Number of people who acquired infections in hospitals rose 20% from 2000 to 2003 and led to some 10,000 deaths.

• Brazil refused a $40 million U.S. AIDS grant because recipients must condemn prostitution, intensifying a fight over moral strings President Bush and allies tie to foreign assistance.

• Cholesterol fell by twice as much in people on a diet with vegetables, shows a recent study.

• More than a third of cholesterol or blood-pressure patients stop taking their medications in only six months!

• 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 11th year of providing information, presented fairly and accurately, from sources we can depend upon and trust.

• Conundrum of the long-term interest rates: Federal Reserve Chairman, Alan Greenspan, characterized the recent behavior of long-term interest rates as a "conundrum."  Typically, long-term rates, such as mortgage interest rates, tend to rise as monetary policymakers raise short-term rates.  But not in the current episode.  Despite steady increases in short-term interest rates since the middle of 2004, the yields on long-term U.S. Treasury securities actually have declined since then by about 50 basis points.  As a consequence, the current level of long-term interest rates seems to be well below what one would expect on the basis of economic fundamentals. 

• Lou Gehrig's disease - "amyotrophic lateral sclerosis" - was named after the baseball's tragic hero who was struck down by the disease in the prime of his career, and dead at the age of 37.  In 1939, before 61,000 fans at Yankee Stadium, he offered the famous farewell in which he declared himself "the luckiest man on the face of the earth."  There's an excellent book out on Lou's story, titled: "Luckiest man: the life and death of Lou Gehrig," by Jonathan Eig, publisher: Simon & Schuster.

• Obesity is growing fastest among Americans earning more than $60,000 annually.  But the poor are still more susceptible.

• You are from California if (Part 6 of 7)

You pass an elementary school playground 

  and the children are all busy with their 

  cellphones and pagers,

It is barely sprinkling outside, but you 

  leave early to avoid all weather related 

  accidents, and

You can't remember . . . Is pot legal?

• We see more in numbers than just numbers...

Ali R. Kakhsaz, CPA, MAcc

www.arkpca.com