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Day: October 11, 2008

Musings from the Morning Paper – 11oct2008 WSJ

11 October 2008

George Rebane “… market-value accounting is out of touch with the banking business.” Writes John Woodlief, former audit partner of Chase Manhattan. He argues persuasively that “letting the accountants set the rules without regard to public policy ramifications” is “not appropriate for bank lending activities” because “lending activities are long-term with profit determined by interest…
Overlooked Hole in County’s Economic Bucket

11 October 2008

George Rebane The recent conference at Tahoe, where Nevada County’s economic history, health, and hopes were presented, overlooked THE major component of our county’s finances. The PDF presentation by the Chico State’s Center for Economic Development has a slide of a bucket that shows the county’s major cash inflows and outflows. What struck me was…