June 20, 2009
Medical Analysis By Milton Friedman
by Peter Robinson, 06.19.09, 12:01 AM EDT
Insights of old should inform health care today.
President Obama, the press, all the Democrats and a fair number of the Republicans in Congress share the same assumption about health care. Whatever you believe should be done about the problem, it sure is complicated.
Yet one man figured it out.
In 2001 the economist Milton Friedman read up on health care, discovered that the inefficiencies in our system trace back to a single policy mistake, worked out a policy test that would help us correct it and then described his findings in a few thousand words of plain English.
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Posted by J. Michael Stolp
June 18, 2009
Edited by J. Michael Stolp. These views should not be construed as investment advice.
Quote of the month. “I don’t know any other way to lead but by example.”– Don Shula
The month in brief. While economists gathered around the water cooler to discuss whether or not a recovery was really underway, stocks soared, consumer confidence grew, and home sales rose. The broad commodities market had a fantastic month; the dollar didn’t. Meanwhile, the government found that 10 out of 19 stress-tested banks needed more capital. One U.S. automaker went into Chapter 11 bankruptcy, and another prepared for it.
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Posted by J. Michael Stolp
June 18, 2009
EMPLOYEE LAWSUIT EXPOSURE IN A DOWN MARKET ECONOMY
Are you properly protected from employee liability? For those of you who are business owners and have employees or have clients who do, this is very important, especially if you may have to consider lay-offs or downsize as a result of the current business climate.
American business owners are 5 times more likely to be sued by employee than for any other reason, and employees win 75% of the time.
Remember that the people affected by these kinds of economic necessities take it personally, not just as a business decision, and will often turn a necessity based lay-off into a discrimination claim (or something worse) with the help of an employment attorney. Be sure you carefully document any staff reduction, whether based on economic necessity or performance; how would you react if you were fired or laid off amidst fears of a recession? Most people panic and grasp at straws.
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Asset Protection, The Safe Money — Ike Devji | Tagged: Asset Protection, employee lawsuits, Employment law, Ike Devji | 
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Posted by Ike Devji, J.D.
June 18, 2009
New FRAUD Schemes Prey on Personal, Religious and Cultural Connections to Build Investor Confidence
Something quick, down and dirty I want all our clients and partners to be aware of, as you folks are the ideal candidates for the bad guys – you are among the most successful people in the U.S.
http://www.fa-mag.com/fa-news/4036-sec-advisor-scheme-targets-chinese-americans.html
As markets continue to fluctuate and rattle investor confidence a new series of alternative investment fraud schemes are emerging and being exposed faster than I can email you all the details.
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Posted by Ike Devji, J.D.
June 16, 2009
The American Spectator : Demand and Supply – Arizona Society of CPAs Blog
Here is a terrific article that Dr. Stephen Happel, the keynote speaker at the recent ASCPA Financial Planning Conference, referenced. Dr. Happel is a well known economist at ASU. If you were not at the conference, you missed a great presentation and great day filled with timely presentations. The conference chairman John Chichester and his committee deserve kudos for their hard work.
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Posted by J. Michael Stolp
June 3, 2009
Denny Collins Photography
I want to recommend my good friend Denny Collins for your professional photography needs. Denny’s photos show up throughout our CFO various websites, including http://CFOfa.com.
For examples of Denny’s work, visit our website, or visit his website at Denny Collins Photography. Do mention CFO or Mike Stolp to him.
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Posted by J. Michael Stolp
