With bond yields so low and the potential downgrading of bonds, is it a good idea to substitute dividend-paying stocks for bonds? Some would say yes, since dividend-paying stocks yield more than some bonds, and have more upside potential. But there’s no getting around the fact that stocks, including dividend-paying stocks, are generally more volatile… Read more »
Posts Categorized: Cost Accounting
Dwelling House is no more
A Pittsburgh woman has pleaded guilty to bank fraud and money laundering for taking advantage of an online glitch that enabled her to make $1.1 million in overdraft withdrawals. Forty-six-year-old Jammie Harris learned of the glitch from another woman. That woman was indicted in January on charges that she stole more than $900,000 from Dwelling… Read more »
Not too squeaky clean
A suit called GSP Finance LLC v. KPMG LLC was filed on March 29 with GPS alleging that KPMG “was well aware of the desperate financial condition of Hicks Sports” — specifically, the Texas Rangers and Dallas Stars — when it was hired to conduct the ’08 audit. The suit says Hicks Sports Group suffered… Read more »
Where’s the paper trail?
As more and more Americans face mortgage foreclosure, banks’ crucial ownership documents for the properties are often unclear and are sometimes even bogus, a condition that’s causing lawsuits and hampering an already weak housing market. Docx, and companies like it, were recreating missing mortgage assignments for the banks and providing the “legally required signatures†of… Read more »
Elizabeth Taylor: A Life of Profits
On March 23, 2011, Elizabeth Taylor died at the age of 79. She was synonymous with glamour and class, won two Oscars and at the pinnacle of her career, was the highest paid actress in the world. In later life, Taylor also distinguished herself as a businesswoman with her own line of perfume and became… Read more »
What do you think?….An Economic Form of Grave Robbing?
Today the right of publicity clearly allows people to control the commercial use of their names and images during their lives. What happens after death is much murkier. Throughout much of the world, the right of publicity ends at death, after which a person’s identity becomes generally available for public use. In the United States,… Read more »
Would you pay for online news?
The New York Times began charging online readers Monday for full access to its website and offered a heavily discounted introductory offer intended to lure its first digital subscribers. The Times is offering its three digital subscription plans for the same price of 99 cents for the first four weeks. After that, unlimited access to… Read more »
There’s More to Toxic Than Meets the Eye
As a way of tracking the housing crisis, an NPR investigative team bought a toxic asset. While it was filled with home loans from people across the country who borrowed more than they could afford, it also contained at least one mortgage that was a part of a $200 million mortgage fraud scheme. The house… Read more »
Troubles for Deloitte
The American government has terminated its contract with an international accounting firm that was providing technical advice to the Afghan banking system here because of the firm’s failure to report signs of trouble at Kabul Bank, the nation’s largest financial institution. The United States Agency for International Development ended the banking portion of a contract… Read more »
Bank of America and Loan Modifications
 Many Americans have applied for the federal government’s loan modification program, meant to keep them in their homes. Instead, less than a quarter of those who signed up have gotten any help. The banks are being sued by several states and consumer class action lawsuits for their failure to follow through. If you research… Read more »
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