YAHOO ANSWER: City program to help small businesses

W7LiYxQt.?show= hEcrHC9eaa

City program to help small businesses


Asked by ” ”

What could be some consequences and alternative actions…..?

Robert is a managing partner of an Accounting firm that has 15 employees. One day, Robert learns that New York City has started a program to help small businesses. The program provides tax breaks and other benefits for Manhattan-based businesses that have fewer than 15 full-time employees. Since Accountants LLC has 15 full-time employees, it would be ineligible for the program. Robert fires Michael, the most junior accountant at the firm, which now makes the firm eligible for the program.

1.What do you see as the issues raised by the facts in the scenario? Describe as many as you see.


Dear ” “:

Invisible? Why? Are we doing your take home? Sorry but it may not be to good.

The problem chasing gooferment programs is that it takes your eye off the ball. Either you’re in the Accounting Biz or your are a Sam Donnelson sheep farmer. It might be possible to suck off the taxpayers a little but it’s a distraction.

I sit down and have a hard think about your ethics and what business you really want to be in.

Hope this helps. I’m interested how it works out for you. Drop me a note sometime. My blog may have helpful “stuff”.

Ferdinand J. Reinke
Kendall Park, NJ 08824

# # #

UPDATE: This was nuked by Yahoo. I don’t understand why. But it’s like it never existed.

# # # # #

MONEY: Save for a rainy day

Tuesday, 26 June 2007
What to do when your work dries up, key client disappears or industry grinds to a halt
Pamela Stewart Slim
Escape From Cubicle Nation
How to go from corporate prisoner to thriving entrepreneur

***Begin Quote***

Save for a rainy day. Your financial adviser and grandpa were right … you should have a healthy cushion of savings set aside in case of emergencies. This is the hardest advice for me to follow, but it is very, very wise. Set up an automatic monthly deposit to an account that is NOT tied to your regular personal or business checking account. I heard someone suggest that it be a bank or financial institution that is inconvenient to get to and has few ATMs.

***End Quote***

I learned this lesson sort of by chance.

In my first transition from AT&T to Wall Street, I got a golden handshake to leave. Thru dumb luck, the protection that the Universe extend to the totally clueless sometimes, I was able to get back “in” in eleven days. Mostly that was waiting for the gooferment SEC and the blood test about drugs. In my new job, I had access to a salary deferral plan that allowed my to defer paying taxes on the handshake. Since I hate taxes, the money was “saved”. Fast forward to my transition out of Merrill Lynch, where I decided to become a consultant. I was seeing big gobs of money being paid to consultants in those go go days. Frau’s fears were minimal, and so were mine, beneath the bravado, since I still had that year’s pay with interest “salted away”. Always nice to fall flat on one’s face when you have a nice cash cushion to “fall into”. My consulting was a wild success. But it could have just as easily been a dismal flop. When I consult with My Turkeys (i.e., the FOWGs who are out of work) who “land”, I always try to drive home the need for building up a “rainy day fund”.

Sigh. Some even listen.

# # # # #

LIBERTY: Social Security is an odd type of Ponzi scheme

What If Social Security Were Completely Scrapped?
By D.W. MacKenzie
Posted on 6/18/2007

***Begin Quote***

Social Security transfers income between generations. It does nothing to promote capital accumulation through saving, because it does not involve saving. It is true that some American, especially the earliest recipients of benefits, have gained a low positive rate of return on Social Security. However, this is only possible because other Americans, especially those presently under 30, can expect a negative rate of return. In other words, Social Security is a Ponzi scheme, contrary to what its defenders claim.

Yet Social Security is an odd type of Ponzi scheme. In the original Ponzi scheme, those who got in early enough made a high rate of return.

***End Quote***

Where no one wins!

It is supposed to protect the poor, yet it’s well documented that it discriminates against the poor. It transfers wealth from poor black men to rich white women.

But, worst of all, it robs wealth from all of us.

Only the gooferment, the politicians, and its workers gain.

Sigh, how stupid are we?

# # # # #

RANT: Just don’t buy anything with an EULA

June 19, 2007
Arbitrary Sneakwrap Takes Some Hits
Ed Foster

*** begin quote ***

In the end, the main thing these two cases really have in common is the recognition by the judges that sneakwrap licenses in general and mandatory arbitration clauses specifically give the vendor too much power over the customer. We’d all like to think the free market can keep customers from being abused, but it can’t if the only recourse abused customers have is to engage in long, expensive, and secret arbitration procedures. I don’t know if Bragg or Sheehan deserve to win their cases, but I do know that they deserve their day in court.

*** end quote ***

Time for some “rough justice” a la the The People’s Court.

I won’t buy anything with an EULA. That’s going to put a dent in their pockets.

# # # # #

INTERESTING: Sudoku – deceptively simple game of logic

Sudoku Classic

***Begin Quote***

A deceptively simple game of logic, Sudoku is puzzling players all over world. Whether you’re new to this fun and addictive game or you’re already hooked, has everything you need to get started playing today! Sudoku is easy to learn but a challenge to master.

***End Quote***

Here’s an interesting challenge. What can you learn from Sudoku?

(1) You can learn how to solve them. There is some feeling that, like doing the daily crossword, it can delay old age in your brain.

(2) You can learn how different manual methods are used to solve them. Scanning, Cross-hatching, Counting, “contingencies”, Marking up, Dotting, Anti-dotting, subscripting and finally guessing.

(3) Playing on the AARP site with the cheats turned on demonstrates that dotting, anti-doting, or “erasing” can solve almost any puzzle.

Finally, you’ll learn how to waste some time learning that the computer is a better clerk than you’ll ever be.


# # # # #



*** begin quote ***

RISKS-LIST: Risks-Forum Digest Tuesday 26 June 2007 Volume 24 : Issue 71
Peter G. Neumann, moderator, chmn ACM Committee on Computers and Public Policy

***** See last item for further information, disclaimers, caveats, etc. *****
This issue is archived at <> as <>
The current issue can be found at <>


{Extraneous Deleted}

A movie torpedoes the concept of electronic voting? (Ferdinand J. Reinke)

{Extraneous Deleted}

***Begin Quote***

I’m not an egg head, nor a ACM-er, nor diligent security researcher. BUT, I do get a charge out of getting into the elite company of getting a post in RISKS.


# # # # #