• Remember our Veterans today. [NYT]
• Chris Dodd Stripping Down the Fed and OMG Loller Dollar Rally – MSM has all sorts of opinions. JDA’s is still the most honest. [JDA]
• AIG’s Benmosche Threatens to Jump Ship – Let this be a lesson friends. Quitting is always an option. [WSJ]
• Boston Provident CFO charged with fraud – Ezra Levy swiped $1.3 million from the hedge fund. You can get in trouble for amounts that small? [FT]
• Landing That First Job – Are you filled with “piss and vinegar”? Bill Kennedy advises against that. [Energized Accounting]
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Preliminary Analytics | 01.19.10
• Tyco to Buy Brink’s Home Security for $2 Billion – “Tyco International Ltd. announced plans to buy Brink’s Home Security Holdings Inc., also known as Broadview Security, for $2 billion, the first major acquisition for Tyco in eight years since the company was rocked by scandal and split into several pieces.” [WSJ]
• Sitting Is a Silent Killer, Swedish Medics Warn Couch Potatoes – Desk jockeys too. [Bloomberg]
• Who Would Miss the Big Four? – “Hardly anyone, says Jim Peterson.” [CPA Trendlines]
• Special tax breaks proposed for Haitian earthquake relief donations – “Under a bipartisan House bill, if you contributed money to nonprofits providing relief to the stricken island nation, you would be able to deduct those donations on your 2009 tax return.” [Don’t Mess With Taxes]
• More Men Marrying Wealthier Wives – This doesn’t mean that you get to stay home glued to the Playstation. [NYT]
• Citigroup Loses $7.6 Billion on Costs to Repay Bailout Funds – The streak of three “profitable” quarters ends. [Bloomberg]
Preliminary Analytics | 01.11.10
• Geithner Had No AIG Role, Says Official – Said official is Tom Baxter, General Counsel of the New York Fed. TB says that the situation ‘did not warrant the attention’ of TG. End of story. Darrell Issa isn’t buying what Bax is selling and has invited him to speak on the Hill about it later this month. Set the DVR. [WSJ]
• Geithner Has Support of Obama, Democratic Lawmakers, Aides Say – Until he doesn’t have it, which could be any day now. [Bloomberg]
• Banks Brace for Bonus Fury – “Critics of Wall Street firms are grumbling that this year’s bonuses are far too generous. But some recipients are none too happy, either: They’re complaining too much of the payout is coming in stock instead of cash.” [WSJ]
• Investor Alwaleed says Citigroup “on right path” – As long as his highness is convinced, there’s no reason the rest of us shouldn’t feel better. [Reuters]
• Did you donate for tax breaks? IRS wants proof – Such a bunch of sticklers. [CT]
Preliminary Analytics | 01.04.10
• Fed Chief Edges Closer to Using Rates to Pop Bubbles – However, don’t even think that the low interest rates were the cause of the housing bubble, that was due lax regulation, thankyouverymuch. [WSJ]
• Auditors Missing in the Financial Crisis — Readers Offer their Thoughts – “It’s not just that the Big Four tetrapoly fail the essential tests of insurability, although they do – because of sector concentration, unpredictability of losses and inability to quantify exposures. It’s also that if any such ‘super-audits’ actually existed, the auditors would surely be performing them already.” [Re: Balance]
• Tax Person of the Year – How Charlie Rangel was even a nominee, we’ll never know. [TaxProf Blog]
• Family Business Challenge: Attitude of Entitlement – “Someday all this will be yours” could have unintended consequences, like the kids screw up your life’s work. [The Exuberant Accountant]
• Small Biz Exemptions from IFRS? – A la SOx. [The Summa]
• Dubai’s “superscraper” makes history in hard times – After a couple of delays Burj Dubai is finally opening today and despite all the trubs in the Dubai lately, “experts” are saying that all 1,100 units are sold. [Reuters]