Running a Business for Fun and Profit

Creative Accounting, or GO REBELS!

Posted by on June 21, 2013 at 4:39 pm

So Jeff Skilling got a new sentence handed down for his role in the financial shenanigans at Enron. Actually, it’s a reduction of the sentence he was given back in 2006 for stuff that happened throughout the 90s and caused the company’s collapse in 2004. In case you’ve forgotten: Enron’s collapse put more than 5,000 […]

A Few Words about Taxes and the IRS

Posted by on May 30, 2013 at 1:28 pm

Forbidden Fruit. Apple has been getting grilled for following the law in a manner that reduces their taxes. Frankly, most of us choose to do legal things to minimize our tax liability. Give a charitable donation? Buy a house with a mortgage? You could be guilty of following the law! I’m with the CEO of Google […]

I’m sure it seemed like a good idea at the time

Posted by on December 27, 2012 at 7:19 pm

USA Today tells us that thanks to patient surveys, hospitals are kissing our butts: Special air-blowing vests keep patients warm pre-surgery. Private rooms are the norm. Staffers regularly check in with patients to anticipate their toilet and showering needs to cut down on call-light usage. Patients are given clear discharge instructions. Cleaning is no longer […]

Oh Boo Hoo

Posted by on August 29, 2012 at 6:09 pm

Fortune Magazine tells us that “For banks, it’s getting harder and harder to earn a buck.” That’s because interest rates are so low. Or at least that’s what “conventional wisdom” would tell us. Please cry for the banks and demand higher interest rates! Not so fast. If banks are having such a hard time making an […]

Enter the Dragon

Posted by on May 26, 2012 at 10:07 am

It’s been a long road since 2004, when Space Ship One made its second, prize-winning voyage. Today, astronauts from the International Space Station got to tour the world’s first successful private spacecraft, the Dragon. It’s the first time a non-government vessel has docked with the ISS, and it brought lots of non-essential supplies. Why non-essential? […]

Practice Makes Perfect

Posted by on April 27, 2012 at 4:12 pm

I have a degree in music. Many hours of my life have been spent practicing piano, voice, and flute. Many more hours of my life have been spent leading others in rehearsal. Moreover, I have spent yet more hours of my life practicing physical activities such as yoga, weightlifting, dance, and drama. I know a […]

Is the 50 State Foreclosure Fraud Settlement Dead?

Posted by on October 1, 2011 at 3:52 pm

It sure looks that way! The California Attorney General has pulled out of the settlement talks and plans to run her own investigation! I wouldn’t be surprised if the New York Attorney General followed, since he‘s already talked about investigating on his own, and says he’s looking forward to talking with her. For that matter, […]

Self-Serving Bunch of Asshats

Posted by on December 6, 2010 at 11:13 am
Rob Rogers

Today, Bank of Asshat America said “Investors should be buying bonds in all categories of U.S. securitized debt, in part because the market will continue to shrink next year.” Securitized debt. That’s bonds backed by things like real estate loans and leases. Now let’s see, Bank Of Asshat, where might you come up with those? […]

A Rock, a Hard Place, and a Pyramid

Posted by on January 19, 2010 at 8:25 pm

Today I saw an interesting pair of articles. First, it seems that many of our unemployed and underemployed neighbors are starting their own businesses. That really is good news, because some small percentage of those businesses will eventually be employers. It’s really hard to run a business even in good times, and these people are […]

Sign of the Times

Posted by on January 5, 2010 at 6:57 pm

Today news is circulating that right before Christmas, Foreclosure.com filed for bankruptcy. Their “dynamic team of savvy real estate visionaries and brilliant software developers” ended up with too much debt and not enough revenue, much like the people whose homes they advertise on their website. Somehow, they have overlooked putting news of their bankruptcy on […]