Will the U.S. Government come out as a Superman again?

It was just a week ago, the U.S. Government finally came out to take over Fannie Mae and Freddie Mac to keep high market confidence on the U.S. financial market. Which the next U.S. big and huge financial institutions that will be rescued by the U.S. Government? Lehman Brothers, AIG, WAMU, etc?

Foreign markets which are always reliable on the U.S. Market, such as Asia market and everybody else know holding their deep breath till this following Monday, what will next happen to Lehman Brothers, Inc after the company got its quarterly loss $3.9 billion this week? Will the U.S. government come again as a Superman to bail out this company, like they just did on double FM (Fannie Mae and Freddie Mac)? Or will the U.S. government just wait and see the skittish investors who will unloaded their Lehman Brothers shares soon, or may be is it already happening?

Who still can say that the U.S. economy isn't in crisis yet? Who still can say the tax cut program is a good thing to do when in another side, the U.S. government itself needs a large amount of money for rescuing the sick-large financial institutions all the time? Then, who will finally pay for all these heroic actions if the U.S. government comes out every time to bail out the companies, such as Fannie Mae, Freddie Mac, and may be Lehman Brothers, etc? IT'S US, THE TAX PAYERS.

The bad news is all of these U.S. financial market situations are just the beginning economics disasters for the U.S. financial market. We'll still read and hear a lot more in the near future. There is too much homework that the U.S. government needs to manage properly. To keep the high market confidence on the U.S. financial institutions is not enough by just coming to rescue these sick-large financial institutions all the time when the U.S. government itself lacks of cash. If these heroic actions are performed all the time, the tax payers will always have to share the burden with these heroic actions. So, is it the time for these large financial institutions to feel and taste the risk of their own high expansion activities? This is so dillematic. Lehman Brothers, Inc said they will raise the money by selling their profitable units to fund their current business operating. How far will they do it? Should the U.S. Government wait and let they do it? Time to take an action, NOT just NATO (No Action Talk Only).

CPA Intermezzo

Once upon a time, there was a conversation between A and B about CPA. A works for Big 4 Public Accounting Company, and B is just an ordinary person who is still struggling for his career life.

B: "Hi A, what's going on. I heard that you already passed your CPA exam."

A: "Oh hi B, i am good. Not only i passed the CPA exam, but i have already got my CPA licensure. So, i am a CPA now."

B: "Oh congratulations, A."

A: "Thanks, B. How about yourself?"

B: "Yes, i am a CPA too."

A: "Really...i never heard you took the CPA exam, how could you become a CPA?"

B: "No, i did take CPA exam. That's why i am already a CPA"

A: "Come on, dude. You're kidding. Pigs could fly if you're already a CPA without passing CPA exam. Even if you already pass CPA exam, that doesn't mean you're already a CPA."

B: "Hm...dude. I think it will be good if you don't always think something from just your side. I am really a CPA. Do you know what the CPA stands for?"

A: "Ha...ha...of course, CPA stands for Certified Public Accountant."

B: "There you go...you just put yourself on your shoes. I didn't lie to you. CPA for me is Couldn't Pass Again. So, i am a CPA." Then, B just walked away.

CPA Exam's 18 month period

This time, i'll talk about the 18 month period of CPA exam definition and how it exactly applies for anybody who will take CPA exam. Next time i'll share any other important information.

The Board of Accountancy statement states,"A candidate must pass all four sections of the CPA exam with a rolling 18 month period, which begins on the date s/he passes a section. In other words, s/he must pass the other three sections of the exam within 18 months of when s/he passes the first section. If s/he doesn't pass all sections within the 18 month period, credit for any section(s) passed outside the 18 month period will expire and the section(s) must be retaken."

To make you more understand if you're confused about that statement above, i'll give you an example: Assume, I'll take 2 parts in one window on January 15th. Then, i pass both of them. My 18 month period begins on January 15th. Another then, if, after 18 month period is over, and i still have one part left, what will happen? The first 2 parts that i already pass on January 15th are needed to be retaken.

Now, if you want to ask more critically, how about if i just pass either one of those parts that i take on January 15th? As long as i pass either one, my 18 month clock will always start to begin from the day i take those parts. For another part you fail, you have to retake in any other given windows. Remember: You CAN'T retake the same part on the same window. Why? You should know the answer. That is very reasonable. Ha....ha....

Then, how about if i fail both of them on January 15? The 18 month period won't begin if i fail both of them, no matter how many times i fail. Why? Because NASBA will be happy if i fail 100x because they will make more fulus. :) :) Ha..ha...

10 Eco-Best and Worst Fish

Fish is always good to consume for people’s health, especially pregnant women and children. Even, we can still question it. Are all fish always healthy for people? That should become our concern nowadays since our environment isn’t as green as it was a hundred years ago. By knowing what kinds of fish are healthy to consume, that will be a smart thing to do. At least, that’s for our knowledge sake.

I will summarize the 10 Eco-Best Fish and the 10 Eco-Worst Best Fish. So, you will still have fun and a good time with your family, friends, or business partners when you dine together in a restaurant, and feel free to order fish menu.

The 10 Eco-Best Fish
When you’re ordering seafood, choose fish that are good for you and the ocean.

1. Anchovies

2. Char, Arctic (farmed)
(a.k.a. Salvelinus alpinus, alpine char, lake)

3. Mackerel, Atlantic
(a.k.a. Scomber scombrus, common mackerel, Boston mackerel, caballa)

4. Oysters (Farmed)

5. Sablefish (Alaska, Canada)
(a.k.a. Anoplopoma fimbria, black cod, butterfish, skil, skilfish, beshow, coalfish)

6. Salmon, Wild (Alaska)

7. Sardines, Pacific (U.S.)
(a.k.a. Sardinops sagax, Pacific pilchard, South American pilchard)

8. Trout, Rainbow (Farmed)
(a.k.a. Oncorhynchus mykiss, steelhead, coastal rainbow trout, silver trout)

9. Tuna, Albacore (U.S., Canada)
(a.k.a. Thunnus alalunga, germon, longfinned tuna, albecor, t. gero)

10. Mussels
(a.k.a. Mytilus edulis, bay mussel)

The 10 Eco-Worst Fish
Avoid these fish -- eating them is not good for the ocean and, in many cases, your own health

1. Atlantic Cod (a.k.a. Gadus morhua, rock cod, codling, scrod cod)
2. Chilean Sea Bass
3. Monkfish
4. Orange Roughy
5. Farmed Atlantic Salmon
6. Shark - (Carcarhinus limbatus) or shortfin mako (Isurus oxyrinchus)
7. Imported Shrimps and Prawns
8. Imported Swordfish
9. Bigeye/Yellowfin Tuna (Imported Longline)
10. Bluefin Tuna

If you still eager to know more information about these best and worst fish, you can read it on:

http://green.msn.com/Articles/article.aspx?aid=649 (The Best Fish)

http://green.msn.com/articles/article.aspx?aid=650 (The Worst Fish)


Sources: Environmental Defense Fund