International associates:

Tavana & Co.
Chartered Accountants
Toronto, Canada
Tel.416-229-2221

• What if you're sued...and lose?
86% of Americans say they're
concerned about protecting their
home and savings.  But only 13%
have an umbrella-liability insurance
policy, which could cost them $200
to $400 a year for $1 million of
coverage.  Things happen.  A car
accident.  A neighbor tumbles down
our stairs, and on.  If it happens, it
could be financially devastating.
What to do? (1) Keep as much as
possible in your retirement
accounts, such as your IRA or
401(k).  These accounts are
generally protected from creditors.
(2) Get a personal umbrella-liability
insurance policy.  And (3) If your
net-worth exceeds $5 million, talk to
your CPA about more sophisticated
ways to set up trusts, limited
partnerships and limited liability
companies.

• Did you know that:
It is impossible to sneeze with
your eyes open.

• Champagne:  Have you had a
glass lately?  Chances are that the
bubbly-wine was bottled by the
industry giant LVMH, standing for
Louis Vuitton Moet Hennessy.
The conglomerate, controlled by
French billionaire Bernard Arnault,
owns six brands including Veuve
Clicquot, Moet & Chandon and
Dom Perignon.  It dominates the
$5.5 billion global champagne
market.  LVMH's wines and
Champagne revenue in 2006
totaled $2.2 billion.  It has 68% of
the U.S. market and 19% of the
world market for champagne.
Mr. Arnault, France's richest man,
also snapped out brands such as
Fendi and Guerlain in the 1990s.
As global demand for bubbly
increases, partly from booming
sales in China and Russia, sales
growth comes from charging more
for champagne as from selling
more bottles.  Veuve Cliquot now
tops $40 a bottle, while Moet &
Chandon costs around $35.

• For more of the Generalist,
please visit ARKCPA•COM. 
 

• theGeneralist, a one-page monthly
publication of the accounting firm of
A.R. Kakhsaz Company, is in its 16th
year of providing information, presented
fairly and accurately, from sources we
can depend upon and trust.

• 65% of Americans say it's likely
that the U. S. will experience a
double-dip recession.

Here's the top-seven most
popular given names for male and
female babies born during the last
100 years, 1910-2009, in the U.S.:
      Males:

1		James
2		John
3		Robert
4		Michael
5		William
6		David
7		Richard

     Females:

1		Mary
2		Patricia
3		Jennifer
4		Elizabeth
5		Linda
6		Barbara
7		Margaret

The above names were taken from
a universe that includes
162,473,247 male births and
160,247,835 female births.

• Over 35 million people
world-wide are living with
dementia.

• Time flies.  It's up to you to be
the navigator.

• HOLMES:  is the acronym for the
British police's computer database.
That's based on the name of famed
fictional detective Sherlock Holmes
who once said:  "The temptation to
form premature theories upon
insufficient data is the bane [death] of
our profession.  "And that seems to be
true for any profession.

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

Ali R. Kakhsaz, CPA, MAcc
www.arkcpa.com