Tidbits on June 7, 2005
Bob Jensen
at Trinity University 

Fraud Updates --- http://www.trinity.edu/rjensen/FraudUpdates.htm
For earlier editions of New Bookmarks go to http://www.trinity.edu/rjensen/bookurl.htm 
Archives of Tidbits: Tidbits Directory --- http://www.trinity.edu/rjensen/TidbitsDirectory.htm

Click here to search Bob Jensen's web site if you have key words to enter --- Search Site.
For example if you want to know what Jensen documents have the term "Enron" enter the phrase Jensen AND Enron. Another search engine that covers Trinity and other universities is at http://www.searchedu.com/.

Bob Jensen's home page is at http://www.trinity.edu/rjensen/

Security threats and hoaxes --- http://www.trinity.edu/its/virus/

Music:  Daddy's Hands --- http://www.jessiesweb.com/hands.htm

Train of Life (Willie Nelson and Patsy Cline) ---  

What to know and do when you suspect fraud --- http://www.aicpa.org/pubs/jofa/jun2005/wells.htm

Bob Jensen's threads on fraud reporting --- http://www.trinity.edu/rjensen/FraudReporting.htm

Women with big butts may live longer
Curvy women are more likely to live longer than their slimmer counterparts, researchers have found. Institute of Preventative Medicine in Copenhagen researchers found those with wider hips also appeared to be protected against heart conditions. Women with a hip measurement smaller than 40 inches, or a size 14 would not have this protection, they said.
"Curvier women 'will live longer'," BBC News, June 3, 2005 --- http://news.bbc.co.uk/1/hi/health/4606011.stm

Warning to Internet Shoppers:  Toss Your Cookies
Internet shoppers who want the best prices should delete cookies as often as possible. That's because the less online merchants know about you, the less likely they'll be able to figure out how much you're willing to pay. According to a recent study by the University of Pennsylvania, most consumers don't know that online retailers will charge different prices to different people for the same product. Merchants call it "price customization." I call it "get it anyway you can." See the story at http://update.internetweek.com/cgi-bin4/DM/y/hoLC0GMPWZ0G4X0DRXQ0EK

Diabetic Blood Testing:  Relief From Pin-Pricking May Be at Hand
Ron Nagar and Benny Pesach, the founders of Glucon, Inc., have created a watch-like device that reads blood glucose levels without the need to stick, poke, or prick the skin. Based on photo-acoustics research first done at Tel Aviv University in Israel, their device uses lasers, ultrasound, and advanced software algorithms to get a reading that is as efficient and accurate as pin-prick tests. And, says Glucon's CEO, Dan Goldberger, it won't be any more costly than testing kits, which today average between $1,500 and $2,000 per year for a patient.
Sam Jaffe, "Relief From Pin-Pricking May Be at Hand," MIT's Technology Review, June 2, 2005 --- http://www.technologyreview.com/articles/05/06/wo/wo_060205jaffe.asp

Also see http://www.technologyreview.com/articles/05/06/wo/wo_060205jaffe.asp?trk=nl

Tiny tots are surfing the Web before learning to read
Before they can even read, almost one in four children in nursery school is learning a skill that even some adults have yet to master: using the internet. Twenty-three percent of children in nursery school -- kids age 3, 4 or 5 -- have gone online, according to the Education Department. By kindergarten, 32 percent have used the internet, typically under adult supervision.
"Pre-Schoolers Play Online," Wired News, June 4, 2005 ---

Over a third of U.S. families are not putting enough funds aside to educate their children
Retirement Reality Check, survey of 1,604 people with household incomes of $35,000 or more, Allstate Insurance Company, Northbrook, Ill., www.allstate.com , 2005.

Stem cells from fetuses can repair cardiac damage
The Institute of Regenerative Medicine in Barbados is convinced that stem cells from fetuses can repair cardiac damage
"A Boost for Broken Hearts?" Business Week, June 13, 2005 --- http://www.businessweek.com/magazine/content/05_24/b3937009_mz001.htm

The porn princess wins a calculated gamble for $1,000,000,000
In 1998 a California porn princess commissioned a 25-year-old Indian computer wiz to write a piece of software. Trained as a lawyer, Ruth Parasol had made a small fortune in online pornography after starting, according to legend, with a couple of sex phone lines given to her by her father as an unorthodox teenage birthday present. She had sold all her porn interests and it was time to invest the proceeds. Online gambling was the new buzz and she found a friend of a friend, Anurag Dikshit, a computer engineering graduate from the Indian Institute of Technology, to create a programme for casino games such as roulette. The extraordinary result of that meeting was seen yesterday when PartyGaming, the company they created, announced plans to float on the London stock market. Its PartyPoker website is the dominant force in the explosive online poker market and the business will be valued at up to $10bn, or a shade over £5bn - only a little less than Marks & Spencer, or the combined value of British Airways and EMI.
Nils Pratley, "The porn princess, the Indian computer whizz and the poker bet that made $10bn," The Guardian, June 3, 2005 --- http://www.guardian.co.uk/online/news/0,12597,1498367,00.html?gusrc=rss

How to do your taxes for free
Everything you always wanted to know about form 1040 but were afraid to ask from Taxes In-Depth --- http://www.taxesindepth.com/

The IRS processed 224.4 million tax returns for the fiscal year 2004 --- http://www.aicpa.org/pubs/jofa/jun2005/tax_ex2.htm

Bob Jensen's tax helpers are at http://www.trinity.edu/rjensen/bookbob1.htm#010304Taxation

GAO: Underfunded Corporate Pensions 'Severe and Widespread'
Massive failures of defined-benefit pension plans, shortfalls in pensions for state employees and the debts plaguing the federal Pension Benefit Guaranty Corp. are sparking worries about the security of retirement benefits. Troubled United Airlines recently received court approval to dump four pension plans, with a shortfall of $9.8 billion, onto the PBGC. The PBGC, a government-sponsored insurance agency of sorts, is funded by premiums paid by companies, and it is now facing a $23.3 billion deficit of its own. The Government Accountability Office (GAO), the congressional watchdog agency, stated in a new report that underfunding of pension plans grew from $39 billion in 2000 to more than $450 billion by September 2004, the Associated Press reported.
"GAO: Underfunded Corporate Pensions 'Severe and Widespread'," AccountingWeb, June 2, 2005 --- http://www.accountingweb.com/cgi-bin/item.cgi?id=100960 

Of Metaphors and Moving Vans
Nietzsche somewhere remarks that a scholar will end up consulting about 200 books in the course of a day’s work. This was not (if memory serves) a compliment to academic industriousness. Trying to track down the quotation just now, I find the typical Nietzschean attitude summed up in The Genealogy of Morals: “The proficiency of our finest scholars, their heedless industry, their heads smoking day and night, their very craftsmanship – how often the real meaning of all this lies in the desire to keep something hidden from oneself!” Well, be that as it may, one thing is clear. If you pull down that many books and don’t reshelve them immediately, you will definitely start losing things in the clutter. And photocopies or JSTOR printouts only make the problem exponentially worse. The situation is no less hopeless for a mere freelance essayist. I would like, for example, to order some Chinese food from a particularly good restaurant, but the menu is probably somewhere underneath a large pile of books and articles about Paul Ricoeur. Does this reflect an ascetic imperative? Is it proof of “the desire to keep something hidden from oneself”? What would it mean just to throw the whole pile into a cardboard box and stash it under my desk for a while? (And furthermore: Is there room?).
Scott McLemee, "Of Metaphors and Moving Vans," Inside Higher Ed, June 2, 2005 --- http://www.insidehighered.com/views/2005/06/02/mclemee

Ricoeur III
Last week, Margaret Soltan published a recollection of Paul Ricoeur at her blog, University Diaries. He was, she noted, “Unfailingly intellectually serious. No thigh-slapping, I can tell you that.” The one exception was his delight in “a convoluted story he told about being in Greece and seeing all these trucks that had METAPHOR written on them (this was a seminar on metaphor). How could this be? Then he figured it out! They were moving vans — metaphor is Greek for among other things, to carry! He laughed with wild abandon at this.”Then, parenthetically, she apologizes if her memory has played tricks on her. It didn’t. In the memoir portion of Paul Ricoeur: His Life and His Work (University of Chicago, 1996), Charles E. Reagan describes a visit with the philosopher in 1974, when he had just finished writing The Rule of Metaphor: Multi-Disciplinary Studies of the Creation of Meaning in Language (University of Toronto Press, 1978).
Scott McLemee, "Of Metaphors and Moving Vans," Inside Higher Ed, June 2, 2005 --- http://www.insidehighered.com/views/2005/06/02/mclemee
You can find Ricoeur I and II at http://www.trinity.edu/rjensen/book05q2.htm#Ricoeur

Grade Inflation and Abdication
Over the last generation, most colleges and universities have experienced considerable grade inflation. Much lamented by traditionalists and explained away or minimized by more permissive faculty, the phenomenon presents itself both as an increase in students’ grade point averages at graduation as well as an increase in high grades and a decrease in low grades recorded for individual courses. More prevalent in humanities and social science than in science and math courses and in elite private institutions than in public institutions, discussion about grade inflation generates a great deal of heat, if not always as much light. While the debate on the moral virtues of any particular form of grade distribution fascinates as cultural artifact, the variability of grading standards has a more practical consequence. As grades increasingly reflect an idiosyncratic and locally defined performance levels, their value for outside consumers of university products declines. Who knows what an “A” in American History means? Is the A student one of the top 10 percent in the class or one of the top 50 percent? Fuzziness in grading reflects a general fuzziness in defining clearly what we teach our students and what we expect of them. When asked to defend our grading practices by external observers — parents, employers, graduate schools, or professional schools — our answers tend toward a vague if earnest exposition on the complexity of learning, the motivational differences in evaluation techniques, and the pedagogical value of learning over grading. All of this may well be true in some abstract sense, but our consumers find our explanations unpersuasive and on occasion misleading.
John V. Lombardi, "Grade Inflation and Abdication," Inside Higher Ed, June 3, 2005 --- http://www.insidehighered.com/views/2005/06/03/lombardi
Bob Jensen's threads on grade inflation are at http://www.trinity.edu/rjensen/assess.htm#GradeInflation

Where are the men in college?
For about a decade now, educators have been noticing — and worrying about — a growing gender gap among college students, 57 percent of whom are female. Among high-school seniors, women are more likely to have the ambition to go to college, to enroll, and then to do well, according to Education Department data. But much of the attention of those concerned about these figures has focused on subsets of the undergraduate population where the gender gap showed up most quickly and most dramatically. Community colleges have reported severe gender gaps for years, which is consistent with studies showing that the gap in college-going rates is greatest among low-income students. The gender gap is quite large among black students, leading to significant gender gaps at historically black colleges, and in black enrollments at other institutions. And liberal arts colleges have struggled with the issue for years, with all sorts of theories about why men prefer to go elsewhere.
Scott Jaschick, "Gender Gap at Flagships," Inside Higher Ed, June 3, 2005 --- http://www.insidehighered.com/news/2005/06/03/gender

The Stem-Cell Also-Ran: America
These overseas triumphs are a reminder that restrictions on federal funding for stem-cell research in the U.S., as well as many state and federal threats to ban much of the research, are hindering the pace of research in America. As part of an ongoing lobbying effort, 37 university presidents and chancellors sent Congress a letter on May 23, arguing that progress in foreign labs is "an indication that U.S. scientists are being hobbled in their pursuit of cures and therapies using this promising research."
Jon Carey, "The Stem-Cell Also-Ran: America The Bush Administration's restrictions on U.S. research will inflict major pain down the road as other countries keep advancing," Business Week, May 27, 2005 --- http://snipurl.com/AlsoRan

Biotechnology has finally come of age
This declaration may bring to mind the hype that has swirled around biotech so many times in the past. But a growing number of scientists and industry executives say today's enthusiasm is based on a new reality: Drugs actually exist. There are 230 medicines and related products created from biotech techniques. Last year alone, the Food & Drug Administration approved 20 biotech drugs, among them treatments for insomnia, multiple sclerosis, severe pain, chronic kidney disease, incontinence, mouth sores, and cancer. The Tufts Center for the Study of Drug Development estimates that at least 50 of 250 biotech drugs currently in late-stage clinical trials should win FDA approval, a success rate almost three times better than the pharma industry standard. "This is all a continuum of discoveries that started in the early 1980s," says Joseph Schlessinger, chairman of the pharmacology department at Yale School of Medicine and a co-founder of Sugen, the company that created Sutent. "We are now in a golden age of drug discovery."
"Biotech, Finally Yes, the business remains risky, but medical progress is stunning," Business Week Cover Story, June 13, 2005 --- http://snipurl.com/BiotechJune13

Pros and cons of naming a class valedictorian
"BEST IN CLASS," by Margaret Talbot, The New Yorker, June 6, 2006 --- http://www.newyorker.com/fact/content/articles/050606fa_fact

Brown Recluse spider bites:  I won't vouch for this, but you may want to know about
"Finally, a very effective, natural, drug free product specifically designed to heal Brown Recluse spider bites" --- http://www.brown-recluse.com/ 

Those less-than-honest bankers
With help from Bank of America Corp., two Texas entrepreneurs sheltered more than $100 million from U.S. taxes on this small island between Ireland and England for more than a decade. Now the bank is under scrutiny in connection with possible securities and money-laundering violations involving its work with the two, Sam and Charles Wyly, and possibly other wealthy clients seeking to help shelter their fortunes from taxes. The Wylys are a pair of famously entrepreneurial brothers in their 70s who made billions in software and retail businesses.
Glenn R. Simpson, "Government Probes Tax Shelters Used to Shield Stock-Option Gains," The Wall Street Journal, June 3, 2005 --- http://online.wsj.com/article/0,,SB111776598624150196,00.html?mod=todays_us_page_one

The European Disease
The French unemployment rate has hovered around 10% for nearly a decade, and almost half of the jobless have been out of work for at least a year. If the U.S. had an unemployment rate as high as France, there would be about six million more non-working Americans -- the equivalent of placing every worker in Michigan on the jobless rolls. Our point here isn't to engage in gratuitous French-bashing. The truth is that the economic anemia afflicting France has become the standard bill of health to varying degrees in virtually all of the nations of Old Europe, particularly Germany and Italy. Once upon a time the intellectual elites in Europe and the U.S. trumpeted the economic accomplishments of European social welfare state policies. Today the conclusion is nearly inescapable that this economic model simply doesn't work to create jobs, wealth or dynamism.
"The European Disease," The Wall Street Journal, June 3, 2005; Page A10 --- http://online.wsj.com/article/0,,SB111775897564249985,00.html?mod=todays_us_opinion

Also see "Who's Laughing Now?" --- http://www.reason.com/re/060105.shtml

PwC'a auditors either ignored or missed the warning signs of accounting fraud at AIG
For years, PricewaterhouseCoopers LLP gave a clean bill of financial health to American International Group Inc., only to watch the insurance giant disclose a long list of accounting problems this spring. But in checking for trouble, PwC might have asked the audit committee of AIG's board of directors, which is supposed to supervise the outside accountant's work. For two years, the committee said that it couldn't vouch for AIG's accounting. In 2001 and 2002, the five-member directors committee, which included such figures as former U.S. trade representative Carla A. Hills and, in 2002, former National Association of Securities Dealers chairman and chief executive Frank G. Zarb, reported in an annual corporate filing that the committee's oversight did "not provide an independent basis to determine that management has maintained appropriate accounting and financial reporting principles." Further, the committee said, it couldn't assure that the audit had been carried out according to normal standards or even that PwC was in fact "independent." While the distancing statement by the audit committee is not unprecedented, the AIG committee's statement is one of the strongest he has seen, said Itzhak Sharav, an accounting professor at Columbia University. "Their statement, the phrasing, all of it seems to be to get the reader to understand that they're going out of their way to emphasize the possibility of problems that are undisclosed and undiscovered, and they want no part of it." Language in audit committee reports ran the gamut . . .
"Accountants Missed AIG Group's Red Flags," SmartPros, May 31, 2005 --- http://accounting.smartpros.com/x48436.xml
Bob Jensen's threads on PwC's legal problems are at http://www.trinity.edu/rjensen/Fraud001.htm#PwC

Much suggests that Andersen's reputation was destroyed before the original obstruction of justice verdict
Andersen was already losing major clients who feared that having Andersen as an auditor was raising the cost of capital due to Andersen's reputation for incompetent audits.

A look at the Andersen Verdict First the news announcement from Jim Mahar's blog on June 1, 2005 --- http://financeprofessorblog.blogspot.com/

From the NY Times --- http://www.nytimes.com/2005/06/01/business/01bizcourt.html?

"WASHINGTON, May 31 - With a brief, pointed and unanimous opinion, the Supreme Court on Tuesday overturned Arthur Andersen's conviction for shredding Enron accounting documents as that company was collapsing in one of the nation's biggest corporate scandals."

From The BBC --- http://news.bbc.co.uk/1/hi/business/4596949.stm

"Chief Justice William H Rehnquist said the instructions were too vague for the jurors to decide correctly whether Andersen had obstructed justice."

While much has been being made of the Supreme Court's ruling, it will have little affect on the company.

From the New York Times: Justices Reject Auditor Verdict in Enron Scandal --- http://www.nytimes.com/2005/06/01/business/01bizcourt.html?dlbk

"But the decision represents little more than a Pyrrhic victory for Andersen, which lost its clients after being indicted on obstruction of justice charges and has no chance of returning as a viable enterprise. The accounting firm has shrunk from 28,000 employees in the United States to a skeleton crew of 200"

Much evidence suggests that the auditors' reputation was destroyed before the court verdict (see Chaney-Philipich (2002), Callen-Morel, Godbey-Mahar (2004) and many others who both found that Andersen audited firms suffered as Andersen's reputation fall in the aftermath of the Enron debacle.

For instance from Godbey-Mahar paper (in Research in Finance 2004) --- http://snipurl.com/AndersenUpdate

"Both long-term and short-term event-studies were used to examine the effects on implied volatility, of events that were deemed as damaging to Andersen'�s reputation. The results of all of the tests yield strong evidence that ....that auditor reputation plays an important role in reducing information asymmetries between investors and the audited firm." Which is to say, while we can feel bad that the jury supposedly got the case wrong, it is unlikely to have made much difference. Even prior to the trial, most firms had dropped Andersen as their auditor and the market was penalizing firms who used Andersen.

What does matter however is how this ruling will affect future cases. Again from the NY Times --- http://www.nytimes.com/2005/06/01/business/01assess.html?dlbk

"...in truth the Supreme Court's judgment simply underscores the significance of a rule in white-collar cases: a jury cannot properly convict without first being required to conclude that a defendant had intended to engage in wrongdoing."

Bob Jensen's threads on the implosion of Andersen are at http://www.trinity.edu/rjensen/FraudEnron.htm

Would you rather work with a jerk or a likable fool?
It is a universal dilemma. What to do with the jerk at work, the person who is so disliked by their colleagues that no one wants to work with them? The traditional answer is to tolerate them if they are at least half-competent—on the grounds that competent jerks can be trained to be otherwise, while much-loved bunglers cannot. An article in the latest issue of the Harvard Business Review suggests that such an approach seriously underestimates the value of being liked. In a study of over 10,000 work relationships at five very different organisations, Tiziana Casciaro and Miguel Sousa Lobo, academics at Harvard Business School and the Fuqua School of Business respectively, found that (given the choice) people consistently and overwhelmingly prefer to work with a “lovable fool” than with a competent jerk.
"Wise enough to play the fool?" The Economist, June 2, 2005 ---

Drawing uncovered of 'Nazi nuke'
Historians working in Germany and the US claim to have found a 60-year-old diagram showing a Nazi nuclear bomb. It is the only known drawing of a "nuke" made by Nazi experts and appears in a report held by a private archive. The researchers who brought it to light say the drawing is a rough schematic and does not imply the Nazis built, or were close to building, an atomic bomb. But a detail in the report hints some Nazi scientists may have been closer to that goal than was previously believed. The Nazis were far away from a 'classic' atomic bomb. But they hoped to combine a 'mini-nuke' with a rocket 
"Drawing uncovered of 'Nazi nuke'," BBC News, June 1, 2005 --- http://news.bbc.co.uk/2/hi/science/nature/4598955.stm

Air Force Academy Leader Admits Religious Intolerance at School
He (Superintendent of the Air Force Academy) said he had admonished the academy's No. 2 commander, Brig. Gen. Johnny Weida, a born-again Christian, for sending an e-mail message promoting the National Day of Prayer. "We sat down and said, 'This is not right,' and he acknowledged that," General Rosa said, adding that there had been other incidents that crossed the line. "Perception is reality. We don't have respect."
"Air Force Academy Leader Admits Religious Intolerance at School," The New York Times, June 4, 2005 --- http://www.nytimes.com/2005/06/04/national/04airforce.html

"Would You, Could You, Should You Blog?" by Eva M. Lang, Journal of Accountancy, June 2005 --- http://www.aicpa.org/pubs/jofa/jun2005/lang.htm

BLOGS (SHORT FOR WEB LOGS) are an information-sharing tool with many business possibilities. They offer commentary on a variety of topics with links to Web sites or other online resources. Low operating costs make blogging a great marketing and knowledge management option for small firms.

A BLOG TYPICALLY IS TEXT WITH few graphics. It can be created with blogging software that is free and simple to use. A basic blog requires no special technical skills.

BESIDES HELPING TO PUBLICIZE A FIRM and showcase its niche specialties, blogs can allow everyone in the firm to share information quickly or to track sales leads.

FIRMS CAN USE INTERNAL KNOWLEDGE BLOGS to help current employees work more efficiently and to get new hires up to speed quickly. As a repository of “institutional memory,” knowledge blogs can remind current employees of policies and procedures, link to documents employees need to read and document best practices. Team members can enter remarks to create a record of actions and decisions.

SO FAR THERE ARE ONLY A FEW accounting blogs. Most CPA blogs cover tax topics but there are a few in niche areas such as estate planning, business valuation and Sarbanes-Oxley.

TO CREATE A BLOG A FIRM WILL NEED TO select a blog publisher, create an account and start adding content. Bloggers must scrupulously adhere to the golden rule of blogging: “Thou must update frequently.” The door is wide open to new and innovative uses of this technology for accounting firms.

Bob Jensen's threads on Weblogs and blogs are at http://www.trinity.edu/~rjensen/245glosf.htm#Weblog

Forwarded by Denise Nitterhouse
She remembers these --- http://www.thestatenislandboys.com/U_thrill_me/

Forwarded by Barb Hessel

Why English Teachers Die Young
Actual analogies and metaphors found in high school essays

01. Her face was a perfect oval, like a circle that had its two sides gently compressed by a Thigh Master.

02. His thoughts tumbled in his head, making and breaking alliances like underpants in a dryer without Cling Free.

03. He spoke with the wisdom that can only come from experience, like a guy who went blind because he looked at a solar eclipse without one of those boxes with a pinhole in it and now goes around the country speaking at high schools about the dangers of looking at a solar eclipse without one of those boxes with a pinhole in it.

04. She grew on him like she was a colony of E. coli and he was room temperature Canadian beef.

05. She had a deep, throaty, genuine laugh, like that sound a dog makes just before it throws up.

06. Her vocabulary was as bad as, like, whatever.

07. He was as tall as a six-foot-three-inch tree.

08. The revelation that his marriage of 30 years had disintegrated because of his wife's infidelity came as a rude shock, like a surcharge at a formerly surcharge free ATM.

09. The little boat gently drifted across the pond exactly the way a bowling ball wouldn't.

10. McBride fell 12 stories, hitting the pavement like a Hefty bag filled with vegetable soup.

11. From the attic came an unearthly howl. The whole scene had an eerie, surreal quality, like when you're on vacation in another city and Jeopardy comes on at 7:00 p.m. instead of 7:30.

12. Her hair glistened in the rain like a nose hair after a sneeze.

13. The hailstones leaped from the pavement, just like maggots when you fry them in hot grease.

14. Long separated by cruel fate, the star-crossed lovers raced across the grassy field toward each other like two freight trains, one having left Cleveland at 6:36 p.m. traveling at 55 mph, the other from Topeka at 4:19 p.m. at a speed of 35 mph.

15. They lived in a typical suburban neighborhood with picket fences that resembled Nancy Kerrigan's teeth.

16. John and Mary had never met. They were like two hummingbirds who had also never met.

17. He fell for her like his heart was a mob informant and she was the East River.

18. Even in his last years, Grandpappy had a mind like a steel trap, only one that had been left out so long, it had rusted shut.

19. Shots rang out, as shots are wont to do.

20. The plan was simple, like my brother-in-law Phil. But unlike Phil, this plan just might work.

21. The young fighter had a hungry look, the kind you get from not eating for a while.

22. He was as lame as a duck. Not the metaphorical lame duck, either, but a real duck that was actually lame, maybe from stepping on a land mine or something.

23. The ballerina rose gracefully en pointe and extended one slender leg behind her, like a dog at a fire hydrant.

24. It was an American tradition, like fathers chasing kids around with power tools.

25. He was deeply in love. When she spoke, he thought he heard bells, as if she were a garbage truck backing up.

26. Her eyes were like limpid pools, only they had forgotten to put in any pH cleanser.

27. She walked into my office like a centipede with 98 missing legs.

28. It hurt the way your tongue hurts after you accidentally staple it.

Fraud Updates --- http://www.trinity.edu/rjensen/FraudUpdates.htm
For earlier editions of New Bookmark s go to http://www.trinity.edu/rjensen/bookurl.htm 
Archives of Tidbits: Tidbits Directory --- http://www.trinity.edu/rjensen/TidbitsDirectory.htm

Click here to search Bob Jensen's web site if you have key words to enter --- Search Site.
For example if you want to know what Jensen documents have the term "Enron" enter the phrase Jensen AND Enron. Another search engine that covers Trinity and other universities is at http://www.searchedu.com/.

Bob Jensen's home page is at http://www.trinity.edu/rjensen/


Professor Robert E. Jensen (Bob) http://www.trinity.edu/rjensen
Jesse H. Jones Distinguished Professor of Business Administration
Trinity University, San Antonio, TX 78212-7200
Voice: 210-999-7347 Fax: 210-999-8134  Email:  rjensen@trinity.edu