Thoughts Before The Alarm Sounds

Although 2011 was not a very good year for planet earth, at least for the humans living there, if I am going to be truthful, it was an average year for me personally. Except for climbing stairs, or even walking uphill, I do not think my physical condition is much worse than it was a year ago. (Of course, it's definitely not any better.) But I have been warm and well fed, and the fun times have outnumbered the other kind many times over. But as with most old accountants, in order to keep from losing my balance I need to formally close the books on the old year, and set things up for the new. Literally! We keep reasonably accurate financial records throughout the year, and I like to use them to get some idea what to expect in the new year. For example, the Social Security Cost Of Living Adjustment (COLA) amounts to 3.6%. That's not bad, although considering there has not been an increase since 2009, it's not really a world-beater. The government said inflation was not a fa...

      The calamity in the Gulf of Mexico is putting strains on the relationship between the USA and the UK. I can see both sides of the problem, but I think we have the better argument.       The British object to President Obama’s calling the bad guy in the Gulf “British Petroleum” instead of “BP.” (In 1998 British Petroleum merged with Amoco and became BP Amoco. In 2001 it formally renamed itself BP, and adopted the tag line “Beyond Petroleum”). They claim it is making the whole British Empire look bad.       I understand the British reluctance to having aspersions cast upon BP; stock price is affected by rumors or bad reputations of any company. Since the explosion of April 20th, BP’s stock price has dropped 50%, or about $90 billion dollars.       As Britain’s largest corporation, BP stock is held by almost every pension plan in the country; BP pays about 1/7 of all dividends paid ...