• Health-care bill clears crucial vote in Senate, 60 to 40 – “The vote was the first of three procedural hurdles that Democrats must cross before a final vote on passage of the measure, now scheduled for Christmas Eve.” [Washington Post]
• Bye-bye Bo-Tax. Hello, Tan Tax – Angelo Mozilo will not stand for this. [Don’t Mess With Taxes]
• Top Ten Ways to Ensure a Smooth Audit – Communication seems to be a theme. There’s a concept. [Mission Accountable]
• An Inside Look at JPMorgan Outplacement [FINS]
• Dubai World poised to press for loan extensions – No word if DW plans on actually paying the loans back. [Reuters]
• IRS Files $8.15 million in Tax Liens Against Sinbad – Despite filing tax returns, Sinbad didn’t pay the tax owed from 1998 to 2006. [TaxProf Blog]
• 2009: The Year of the Failed Banks – Seven more this past Friday, bringing the total to 140. [The D&O Diary]
Related Posts
Preliminary Analytics | 10.16.09
• SEC, CFTC Mull Joint Enforcement Squad: Sources – “U.S. securities and futures regulators are considering a joint enforcement squad to investigate and root out fraud in the markets, two sources familiar with the matter said on Thursday.” All together now: FRAUD SQUAD. [Reuters via NYT]
• Suspicions Arise After Balloon Boy Found Safe – We’re saturated by the coverage already. [NPR]
• Obama wins first financial reform victory in months – Derivatives are no match for a debatable Nobel Peace Prize recipient. [Reuters]
• Justice Agency Resists Music Merger – “The Ticketmaster-Live Nation deal is widely regarded as a bellwether of the department’s attitude toward such potential deals as Comcast Corp.’s proposal to take a majority stake in General Electric Co.’s NBC Universal. Like the proposed Ticketmaster-Live Nation alliance, a Comcast-NBC deal would represent ‘vertical integration,’ in which several links in the chain between producer and consumer are controlled by a single entity.” [WSJ]
• On the Calendar: What Every Auditor Should Know About Litigation – Jim Peterson will be at Baruch College on Dec. 2 for Corporate Integrity’s 4th Annual Audit Conference, “Ensuring Integrity.” Check it out. [Re: The Balance]
Preliminary Analytics | 12.15.09
• Obama and Buffett May Be Distant Cousins – So there’s that. [NYT]
• Continuing The Conversation: If Auditors Weren’t There, Why Not? – “If no one but me asks, since no one cares, then what are we doing here?” [Re: The Auditors]
• Christmas Gift Ideas for Accountants & Auditors – A “genuine and truly useful list” that will help you avoid the ‘Accountants do it with Double Entry’ t-shirt. [The Accounting Nation]
• Wells Fargo’s TARP Plan Brings End to Bailout Era – Oh, so it’s an “era” now? [DealBook]
• Four Cups of Coffee or Tea Daily Lowers Diabetes Risk – Just keep the breath freshener handy. Thanks. [Bloomberg]
• Christmas Gifts for that Special Tax Person – For the accountant who also enjoys the occasional WWE event. [TaxProf Blog]
Preliminary Analytics | 12.30.09
• Kansas City Fed’s Denver Branch Gives Us a Peek into the Fed’s Secret Decision-Making Process – This should explain some things. [JDA]
• Are lawsuits against CPA’s poised to spike? – “After a year of record-setting investor losses, a leading securities attorney warned that accounting firms will face a rising tide of enforcement actions and litigation in 2010, and should take steps to ensure their client relationship practices reflect recent court decisions.” [CPA Trendlines]
• Jean Stephens, CEO RSM International – The make up sex between RSM and M&P gets a little attention but alas, no mention of NG. [Web CPA]
• GMAC Set for Another Cash Infusion – According to those familiar with the sitch, GMAC is looking to get an additional $3.5 billion on top of the $12.5 bil that’s already been thrown at them. [WSJ]
• FDIC Moves to Seize Slice of Bank-Stock Rallies – “Starting next year, the Federal Deposit Insurance Corp. will ask bidders for some seized banks to offer the agency a chance to profit if the deal is well-received by the buyer’s shareholders.” If banks are going to keep failing, why not get in on this action? [WSJ]
• More ammo for the bazooka – Will the crack fiend aka the housing market score again? [Rolfe Winkler/Reuters]
• Dutch To Use Full-Body Scanners For U.S. Flights – This is one of those hindsight situations. [AP]