| 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
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Califonia Governor
Arnold Schwarzeneggar proposed plan to mandate universal health care in
the most populous state would cover 6.5 million people who are uninsured or
underinsured, a higher level than any other state. 16% of Americans
lacked health insurance in 2005. In California it was 19%. Blue
Cross of California called the Governor's proposal "bold and visionary."
Excerpt from a court
proceeding:
Q: How old is your son, the one living with you?
A: Thirty-eight or thirty-five, I can't remember which.
Q: How long has he lived with you?
A: Forty-five years.
Life Expectancy
in the U.S. : The difference in life expectancy between the healthiest and
most ill-prone people is about 33 years. Life expectancy has been on
the rise in the U.S. population, hitting 77.9 in 2004. Some groups
have some of the longest life spans in the world, while others can expected
to live no longer than they would in a developing country.
Asian-American women in Bergen, New Jersey have the longest life expectancy,
averaging 91 years.
Native-American men in several South Dakota counties have the lowest
life expectancy at 58 years. Among states, Hawaii has the greatest, at
80 years. Minnesota is second with 78.8 years, followed by Utah and
Connecticut, both at 78.7 years. Among the lowest are the District of
Colombia, which has the lowest, at 72 years, followed by Mississippi, at
73.6 years, Louisiana, at 74.2 years, and Alabama, at 74.4 years.
One-half of babies
born since the year 2000 in the U.S. are expected
to live through the age of 100
Cancer death rates are generally falling, with
breast cancer leveling off, but thyroid cases are on the rise. That's
according to a broad federal disease survey.
For more of the Generalist, please visit our website
at ARKCPACOM.
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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
settled a two-decade long dispute with
GalxoSmithKline PLC of Britain for $3.4 billion. It was the
largest case ever, said the IRS. The issue was
"transfer-pricing" whereby the IRS contended that Glaxo paid too
much for the anti-ulcer blockbuster "Zantac" to its British
pharmaceutical-giant parent company. Such overpayments reduced
the company's U.S. subsidiary profit, thus lowering its U.S.
tax bill.
Wal-Mart
is the largest retailer in the world. Some 85%
of the U.S. population shop at its stores at least once a
year. 78% its annual revenues which top $315 billion, come
from its retail sales within the U.S. Wal-Mart "is all things to all
people."
Cost of health-care
may still be increasing, but such
increases over the last 40 years are worth the price in terms of
extended U.S. life expectancy, found researchers at Harvard
University and the University of Michigan. Overall, the
increases in health-care costs have provided "reasonably good
value." On average, a person born in 1960 could expect to live
70 years, whereas someone born in 2000 has a life expectancy of 77
years, a gain of seven years.
Miami
is number one on a list of cities with rude drivers.
New York and Boston are in the top five. Minneapolis drivers
have been rated the nicest.
China's holdings
of foreign currencies and securities tops $1 trillion.
Some 70% of which are believed to be in U.S. dollar assets, 20% in
euros and 10% in other currencies.
We see more in numbers
- than just numbers...
Ali R. Kakhsaz, CPA, MAcc
www.arkpca.com
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