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Friday, June 29, 2012

Supreme Court upholds health care law

The link to the timely analysis by the AICPA's Journal of Accountancy senior editor and editor-in-chief, tax is in PDF format and can be downloaded and printed in short order. Understanding the just over four printed pages in length analysis will take both time and effort: https://skydrive.live.com/?cid=8B35ADFFC37790D0&id=8B35ADFFC37790D0%21253&sc=documents

Tuesday, June 12, 2012

Differing Views of Individual Net Worth Reductions

Reported by Forbes today: http://www.forbes.com/sites/halahtouryalai/2012/06/11/brutal-recession-destroyed-americans-wealth-net-worth-down-40-in-3-years.......................... Here is chart available at retired economist Scott Grannis' site: /http://scottgrannis.blogspot.com/2012/06/household-balance-sheets-continue-to.html

Wednesday, June 06, 2012

LinkedIn investigating reports that 6.46 million hashed passwords have leaked online (update)

It's worth noting that the passwords are stored as unsalted SHA-1 hashes. SHA-1 is a secure algorithm, but is not foolproof. LinkedIn could have made the passwords more secure by 'salting' the hashes, which involves merging the hashed password with another combination and then hashing for a second time. Even so, unless your password is a dictionary word, or very simple, it will take some time to crack. We've reached out to LinkedIn to determine the accuracy of the claims, but in the meantime, we recommend changing your password just in case. http://www.theverge.com/2012/6/6/3067523/linkedin-password-leak-online

TV Will Have To Change Within 5 Years

June 6, 2012 “The idea that the web will cause the TV business to ‘collapse’ is fantasy,” wrote Dan Frommer yesterday in a calm response to Henry Blodget’s actually-quite-alarmist Don’t Mean To Be Alarmist, But The TV Business May Be Starting To Collapse. http://tinyurl.com/84nnamk

Tuesday, June 05, 2012

Income Of Top 400 Fell 25% In 2009

Thanks to the stock market crash of 2008, the nation’s 400 highest income taxpayers reported 25% less income in 2009—an average of only $202.4 million each in adjusted gross income each, down from $270.5 million in 2008. The decline was almost entirely due to a drop in the net capital gains they realized. http://www.forbes.com/sites/janetnovack/2012/06/04/irs-reports-income-of-top-400-fell-25-in-2009-as-their-tax-rate-rose-to-19-9/

Monday, June 04, 2012

A Fascinating Gapminder World Presentation

A fascinating Gapminder World presentation: http://www.tmbc.org/modules/com_fireboard/index.php?option=com_fireboard&Itemid=0&func=view&id=736&catid=9#736

Friday, June 01, 2012

ADP Finds Private Sector Added 133,000 Jobs in May

ROSELAND, N.J. (MAY 31, 2012) BY MICHAEL COHN, ACCOUNTING TODAY Private sector employers added 133,000 jobs from April to May on a seasonally adjusted basis, according to payroll giant ADP, in the latest sign of tepid employment growth. http://www.accountingtoday.com/news/ADP-Private-Sector-Jobs-May-62821-1.html?ET=webcpa:e2564:85046a:&st=email&utm_source=editorial&utm_medium=email&utm_campaign=WebCPA_Daily_060112