| 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
|
What's with the U.S. economy:
A simultaneous rise in
unemployment and inflation poses
a dilemma for Fed Chairman Ben
Bernanke. When the Fed wants to
fight unemployment, it lowers
interest rates. When it wants to
damp inflation, it raises them. It's
impossible to do both at the same
time. Stagflation, a term coined in
Britain in 1965, defined the years
from 1970 to 1981 in the U.S.
Most of us still remember that
bitter economic environment of
persistent stagnation while high
inflation. Inflation rose to almost
15%. The economy went through
three recessions. Unemployment
reached 9%. Fed Chairman Paul
Volcker finally conquered inflation,
but only by dramatically boosting
interest rates, causing a severe
recession in 1981-82.
Today's circumstances are far
from that. Yet there are
similarities. Surging commodity
prices are leading the way. Crude
oil and wheat prices have hit
record highs. Unemployment has
risen. And prospects for U.S.
economic growth are not bright.
North Korean officials
have
invited rock guitarist Eric Clapton
to perform in Pyongyang. That's
after a concert by the New York
Philharmonic there in February.
The richest 1% of Americans
received 21.2% of the total U.S. income
in 2005, up sharply from 19% in 2004.
The bottom 50% received 12.8% of all
income, down from 13.4% in 2004.
That's according to the IRS data.
Income-inequality gap in the U.S.
continues to widen - underlining the
divergence of economic fortunes
blamed for fueling anxiety among
American workers.
The American homeowners'
share of the equity in their homes
fell to 47.9% in the last quarter of
2007. That's a post World War II
low record.
High testosterone levels
appear to be linked to a lower risk
of death from heart disease and
cancer in men.
For more of the Generalist,
please visit website
ARKCPACOM.
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theGeneralist,
a one-page monthly
publication of the accounting firm of
A. R.
Kakhsaz Company, is in its 14th
year of providing information,
presented
fairly and accurately, from sources we
can depend upon and
trust.
Warren Buffet
(Part 4 of 5)
He doesn't socialize with the high
society crowd. His pastime after he
gets home is to make himself popcorn
and watch television. Bill Gates did not
think he had anything in common with
Warren Buffet. So, he had scheduled
his meeting with him only for half an
hour. But when they met, the meeting
lasted for ten hours and Bill Gates
became a devotee of Warren Buffet.
"Inflation
is the crabgrass in
your savings."
The 200th:
DNA evidence led to the
exoneration of an Illinois man who
wrongly served 25 years in prison for
rape. That's reportedly the 200th such
reversal. The
growing number of such
exonerees also include a 43-year-old
man who was imprisoned for over 24
years in the infamously tough Louisiana
State Penitentiary. He's free today. But is
"very lonely." Has little education, no job
skills, and very few friends and suffers
from depression, anxiety disorder and
more.
The euro zone expanded
to 15
countries as Malta and Greek
Cyprus adopted the euro currency.
A report
by the General
Accountability Office says that the
White House pressed the
Environmental Protection Agency
to weaken requirements that
companies disclose releases of
toxic chemicals.
ACCOUNTANT:
Bachelor's degree
and 1 year experience. Usual accounting
duties. Contact
A R Kakhsaz Company,
20501 Ventura Blvd., Suite 310,
Woodland Hills, CA 91364.
Attn: HR Dept. or fax resume to
(818) 713-0980.
We see more in numbers
than just numbers...
Ali R. Kakhsaz, CPA, MAcc
www.arkcpa.com
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