| 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 age of reason:
Baseball players
are said to peak in their late 20's.
Chess players in their mid-30's.
Theoretical economists in their
mid-40's. But in ordinary life, there's an
obvious tension between sheer smarts,
often seen in the supple minds of the
young -- and experience, which comes
only with age. Which one is more
valuable in making personal finance
decisions? A recent study has found an
answer. In looking at which
consumers get stuck paying those
annoying credit-card fees, a puzzling
pattern was noticed in the study:
Younger and older consumers were
more likely than others to get hit with
easily avoided fees. So the study
expanded its inquiry to loans,
mortgages, home-equity loans, etc.
and sifted through records of tens of
thousands of consumers. It found that
middle-aged adults tend to borrow at
lower interest rates and pay fewer fees
than younger and older adults. The
study concluded that the age at which
consumers are least likely to make
financial mistakes is: A few months
past the 53rd birthday, despite all the
pressures that accompany middle age.
And that's "the age of reason."
The study was conducted by four
heavyweight researchers from Harvard
University, MIT, Federal Reserve Board
and Federal Reserve Bank of Chicago
with access to records of 75,000 loans.
Why is it that no matter what color
bubble bath you use the bubbles are
always white?
Oil and gas deals
with Iran since 1999:
ENI, Italy
$2.9 billion
Statoil, Norway
$2.65 billion
Inpex, Japan
$2 billion
LG, South Korea
$1.6 billion
Totalfina Elf, France + ENI
$1 billion
Shell, UK/The Netherlands
$800 million
Total fina Elf +ENI +
Bow Valley, Canada
$300 million
GVA Consultants, Sweden
$225 million
Sheer Energy, Canada
$80 million
Norsk Hydro, Norway
Not available?
Total $11.6 billion
For more of the Generalist, please visit our website
at ARKCPACOM.
|
theGeneralist,
a one-page monthly publication of the accounting firm of A. R.
Kakhsaz Company, is in its 13th year of providing information,
presented fairly and accurately, from sources we can depend upon and
trust.
The IRS is holding
about $2.2 billion
in unclaimed income-tax refunds for
about 1.8 million people who still haven't
filed their returns for 2003.
History lesson:
Next time you are
washing your hands and complain
because the water temperature isn't how
you like it, think about how things used to
be. Here are some facts about the
1500's: Most people got married in the
month of June because they took their
yearly bath in May, and still smelled pretty
good by June. However, they were
starting to smell, so brides carried a
bouquet of flowers to hide the body odor.
Hence the custom today of carrying a
bouquet when getting married. Baths
consisted of a big tub filled with hot water.
The man of the house had the privilege of
the nice clean water, then all the other
sons and men, then the woman and
finally the children. Last of all the babies.
By then, the water was so dirty you could
actually lose someone in it. Hence the
saying, "Don't throw the baby out with the
bath water." Houses had thatched
roofs-thick straw-piled high, with no wood
underneath. It was the only place for
animals to get warm, so all the cats and
other small animals (mice, bugs, etc)
lived in the roof When it rained it became
slippery and sometimes the animals
would slip off the roof. Hence the saying
"It's raining cats and dogs."
"Dance as though
no one is
watching.
Love as though you've never been
hurt before.
Sing as though no one can hear you.
Work as though you don't need
the money.
Live as though heaven is on Earth."
Jalaleddin "Rumi"
We see more in numbers
- than just numbers...
Ali R. Kakhsaz, CPA, MAcc
www.arkpca.com
|
