June 2011 archive

Amazon Terminates 25,000 California Affiliates

Governor Jerry Brown signed into law a California tax on Internet sales though affiliate advertising.  Experts believe that this law will immediately cut small-business revenue 20% to 30%.  The bill, AB 28X, takes effect immediately.  The state board of equalization believes that the new bill will bring in $200 million a year in additional revenue …

Continue reading

Permanent link to this article: https://betweenthenumbers.net/2011/06/amazon-terminates-25000-california-affiliates/

Amazon Drops the Hammer

Today I received the following e-mail. Hello, For well over a decade, the Amazon Associates Program has worked with thousands of California residents. Unfortunately, a potential new law that may be signed by Governor Brown compels us to terminate this program for California-based participants. It specifically imposes the collection of taxes from consumers on sales …

Continue reading

Permanent link to this article: https://betweenthenumbers.net/2011/06/amazon-drops-the-hammer/

Is a Big Stock Rally Coming?

With our economy currently facing high unemployment, a depressed housing market,  and a strong potential for a global debt crisis, is a BIG stock market rally possible into the end of the year?  CNBC reports that it is.  Stock market bulls seem to be ignoring all signs of trouble and are not wavering from previously …

Continue reading

Permanent link to this article: https://betweenthenumbers.net/2011/06/is-a-big-stock-rally-coming/

Huge Fraud In Chinese Stocks

Investors in Chinese companies have depended upon outside auditors, institutional investors, and global investment banks as substantiation for the notion that their financial reporting is trustworthy. Recently, that trust has been seriously shaken as dozens of Chinese companies have withdrawn financial statements, faced auditor resignations, failed to timely produce current financial statements, and/or announced special …

Continue reading

Permanent link to this article: https://betweenthenumbers.net/2011/06/huge-fraud-in-chinese-stocks/

An Economic Argument to End the Death Penalty?

In the next edition of the Loyola of Los Angeles Law Review, Ninth Circuit Judge Arther Alarcon and Loyola professor Paula Mitchell provide details regarding the cost of California’s death penalty law.  The study was previewed in a front page article in the LA Times.  The numbers in their report raise serious doubt as to whether …

Continue reading

Permanent link to this article: https://betweenthenumbers.net/2011/06/an-economic-argument-to-end-the-death-penalty/

IRS announces mid-year change in mileage reimbursement rates

In Announcement 2011-40, the Internal Revenue Service (IRS) announced an increase in the optional standard mileage rates for the final six months of 2011. The mileage reimbursement rate will increase to 55.5 cents a mile for all business miles driven from July 1, 2011, through December 31, 2011.  This is an increase of 4.5 cents …

Continue reading

Permanent link to this article: https://betweenthenumbers.net/2011/06/irs-announces-mid-year-change-in-mileage-reimbursement-rates/

Current release of Strategic Petroleum Reserves is a misuse of a national asset

The United States started the Strategic Petroleum Reserve in 1975 pursuant to the Energy Policy and Conservation Act. Then, the underlying cause for the new policy was the 1973-74 oil embargo. Since its creation 38 years ago, the reserve has been drawn down only four times, and never by as much as what was ordered yesterday. …

Continue reading

Permanent link to this article: https://betweenthenumbers.net/2011/06/current-release-of-strategic-petroleum-reserves-is-a-misuse-of-a-national-asset/

CFOs are dissatisfied with Big 4 Accounting firms

If you have $32,400 to spend on a survey of the Big Four accounting firms, then BTI Consulting will sell you their recent survey of chief financial officers of major U.S. public companies.  But, our headline is free.  Only 6 in 10 clients would recommend their Big 4 auditor to others, and 18.5% of companies are …

Continue reading

Permanent link to this article: https://betweenthenumbers.net/2011/06/cfos-are-dissatisfied-with-big-4-accounting-firms/

Amazon's Junk Ebook Problem and a Computer Forensics Approach to Solve It

Recently Reuters ran a story regarding (i) Amazon’s ebooks business that is part of its highly popular Kindle readers and (ii) reader applications for phone and table devices.   One consequence of these offerings is they provide a way for writers to self-publish their own work for free. Unfortunately whenever the words Internet and free are combined, …

Continue reading

Permanent link to this article: https://betweenthenumbers.net/2011/06/amazons-junk-ebook-problem-and-a-computer-forensics-approach-to-solve-it-2/

Amazon’s Junk Ebook Problem and a Computer Forensics Approach to Solve It

Recently Reuters ran a story regarding (i) Amazon’s ebooks business that is part of its highly popular Kindle readers and (ii) reader applications for phone and table devices.   One consequence of these offerings is they provide a way for writers to self-publish their own work for free. Unfortunately whenever the words Internet and free are combined, …

Continue reading

Permanent link to this article: https://betweenthenumbers.net/2011/06/amazons-junk-ebook-problem-and-a-computer-forensics-approach-to-solve-it/