Archive for 'Business'
Reason: Where’s my Bailout?
Posted on 06. Nov, 2008 by richbond.
Here’s a look at Reason Magazine’s take on the bailouts. Â Times like this need a good dose of libertarian humor.
http://reason.tv/video/show/590.html
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Is Big Oil To Blame For Big Gas Prices?
Posted on 31. Jul, 2008 by Jason Guthrie.
As you may have heard Exxon Mobile released the financial results from the second quarter. The Company broke its own record for the largest quarterly earnings ever booked by a corporation – $138 billion of revenues for net income of $11.68 billion. That turns out to be about $1,486 each second of every [...]
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How Does a City Go Bankrupt?
Posted on 25. May, 2008 by Jason Guthrie.
If you haven’t heard, the California city of Vallejo filed for bankruptcy protection this week after they were unable to come up with over $17 million to balance the budget. The story prompted me to ask, “How does a city go bankrupt?”
The short answer is: just like the rest of us.
Sometimes there are extenuating circumstances [...]
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The Accounting Behind iPods
Posted on 09. Feb, 2008 by Jason Guthrie.
Apple announced in a quarterly earnings call last year that they’d be doing something interesting (to me at least) with the revenue recognition of iPhones and the AppleTV. Instead of recognizing the revenue of a $500 iPhone on the date of sale or delivery, Apple would recognize the revenue over time – 24 months [...]
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Countrywide’s White Knight – Bank of America
Posted on 11. Jan, 2008 by Jason Guthrie.
I wrote earlier this week about the market’s reaction to the rumors that Countrywide Financial, one of the country’s largest home-mortgage lenders, would file bankruptcy soon. I mentioned that although the rumors may have been nothing more than a scare tactic, there was probably some truth in the fact that Countrywide was struggling to [...]
