an accountancy corporation

                                   

Member
American Institute of
Certified Public Accountants

Global oil demand, now just over
85 million barrels a day, is
expected to exceed 100 million
barrels a day within 10 years.
With Saudi Arabia fast becoming
industrialized and its neighboring
countries like Qatar, Bahrain and
the United Arab Emirates, the
Middle East is now one of the
world's fastest-growing
consumers of oil. Saudi Arabia in
2006 used more than two million
barrels a day, up 6.2% from 2005,
at a time when Saudi oil
production actually slumped by
2.3%. The entire Middle East saw
its demand jump 3.5%, while total
world demand was growing just
0.7%.

• One of the world's languages dies
out in about every two weeks, experts
say, with those in Australia and South
America at greatest risk.

• Sole proprietors who report their
income on "Schedule C" for federal
income-tax purposes, report 73% of
their income as the whole, versus the
94% rate for the rest. "It all comes to the
fact that unless you're an employee with
a W-2, your income will not [ totally ] be
reported to the IRS."

•A New York cabbie returned 31
diamond rings he found in his cab after
dropping off the passenger, who had
left him with a 30-cent tip on a $10.70
fare. "All my life, I tried to be honest,"
said the taxi driver, Osman Chowdhury,
a native of Bangladesh.

• United Nations diplomats owe
New York City $18 million in unpaid
parking fines.

• 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.

• Google plans to offer
consumers a new way to store
their files on its hard drives, in a
strategy that could accelerate a
shift to Web-based computing and
intensify the internet company's
competition with Microsoft.
"Storage is an important
component of making Web
[applications] fit easily into
consumers' and business users'
lives."

• Could Iraq war have been averted?
Saddam Hussein had offered to go
peacefully into exile just one month
before the invasion of Iraq for a
staggering one billion dollars. The offer
was revealed in a transcript of talks
from February 2003 between George
Bush and the then Spanish Prime
Minister, Jose Maria Azna, at the
President's ranch in Texas.
When Prime Minister Azna asked if he
could really leave, Bush said: "Yes that
possibility exists. Or he might even be
assassinated." However, he added
that whatever happened, "we'll be in
Baghdad by the end of March."
After all, one billion dollars is small
potatoes in comparison to the cost of
the war: Some $700 billion and over
680,000 killed, so far!

• U.S. drivers waste 38 hours a year
in commuter traffic delays. Los Angeles
has the worst congestion with Atlanta,
San Francisco and Washington D.C.
next.

• Americans drove 4.3% less
in last March as compared with
March of 2007. That's the first time
driving has fallen in March since
1979.

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

Ali R. Kakhsaz, CPA, MAcc

www.arkcpa.com