International associates:

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

• The New York Stock Exchange
was organized, in May of 1792, by
a group of 24 brokers meeting on
the corner of New York City's Wall
and Water Streets.  They made
their first transactions under a
buttonwood tree (also known as
an American sycamore tree) on
wall Street, where they would meet
in fair weather.  On rainy days, the
brokers retreated to a nearby
coffee house.  Today, the area has
become the hub of the U.S.
financial world, housing the NYSE
and Nasdaq, as well as the offices
of many of the country's most
powerful brokerage firms.
"Let Wall Street have a nightmare
and the whole country has to help
get them back in bed again," said
Will Rogers.

• Top-10 world-wide concert
revenues of 2010 were down 14%
from 2009.  Here are the numbers
in millions of dollars:

Jon Bon Jovi	201
AC/DC	177
U2	161
Lady Gaga	134
Metallica	110
Michael Buble	104
Walking with Dinossors'	104
Paul McCartney	93
Eagles	92
Roger Waters	90
Total 2010	1266
Total 2009	1470

• Nothing can stop an idea
whose time has come!

• Cloud computing for CPAs?
Be afraid.  Be very afraid. "Cloud
computing is an unstoppable,
building snowball, but the
managerial accountant in me says
to make sure that the risks are
adequately measured.  I'm a big
believer in technology's ability to
deliver an ROI, but the noise from
the cloud vendors make me pause
and wonder if we have all gone
insane and giddy as we stand in
line to drink the Kool-Aid."

• 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 17th
year of providing information, presented
fairly and accurately, from sources we
can depend upon and trust.
 
• Bonnie and Clyde lived a lot
together and finally together they
died, says "The Ballad of Bonnie
and Clyde."  Bonnie Parker and
Clyde Barrow were never married.
In fact, Bonnie was married to
someone else.  Another outlaw,
Roy Thornton.  They married when
she was not quite 16 years old,
and three years later they
separated, but never divorced.  In
1932, Bonnie joined forces with
Clyde, who had already spent time
in prison and who committed his
first murder while he was inside.
Together, they went on a two-year
crime spree, robbing gas stations,
stores and banks.  Others joined
their gang and at least nine
policemen and a number of
civilians were killed by their
bullets.  On May 23, 1934, as the
bandits were speeding by in a
stolen car, a posse of lawmen
opened fire, spewing 130 rounds
of ammunition and killing Bonnie
and Clyde.

• After the brutal economic
slump of the past two years, the
U.S. economy is finally on the path
to recovery.  But businesses are
still reluctant to invest in
permanent new hires or to build
new plants.  Housing prices have
further to drop.  And commercial
real estate is in tank.

• Who CFOs think should set
U.S. accounting standards:

FASB	57%
IASB	19
SEC	12
AICPA	12

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

Ali R. Kakhsaz
www.arkcpa.com