Tidbits on October 17, 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/

25 Hottest Urban Legends (hoaxes) --- http://www.snopes.com/info/top25uls.asp 

Privatization, Commercialization, Media Rankings, and Other Problems of Higher Education,
Including Selling Out Education Quality to Athletic Spectaculars


In the past I've provided links to various types of music available free on the Web. 
I created a page that summarizes those various links --- http://www.trinity.edu/rjensen/music.htm

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

How Do You Catch Your Tunes? Beyond CDs and Into a World of Confusion ---

PSP vs. video iPod (includes free downloads) --- http://playlistmag.com/news/2005/10/14/ipodpsp/index.php
Other reviews --- http://playlistmag.com/


Links to great photographs (Served up by Trey Dunn at Trinity University)

Dr. Jensen,
     I have been collecting these for a while and finally am getting around to posting them.   There are some pretty amazing pictures here.  I am always enjoying your emails so much. I just thought I would pass these pictures on to you. I am sure you will find them as fascinating as I did. 
This guy bought a book from a library used book sale. When he got it home inside he found a couple dozen pictures of Europe during World Wars. They are obviously taken from a plane as they flew over the war torn countryside.
*I did know that there was color photography during World War I (1914-1918). But the French invented it, so they used it to document their battles. Here we have about 400 awesome pictures from this ancient war.
*A great collection of pictures of Germany before the war. They really show off the old world charm of Germany.
*Before they were famous World Leaders they were kids and teenagers just like you and me.
*In the 1920's, Hollywood was in its prime. This classical period has been preserved in photos by someone's grandfather who worked as a photographer for various Hollywood studios. There are some great pictures of actors and actresses as well as studio back lots.
This photographer jumped into a plane and traveled the world capturing awesome photographs from directly above.

*Black and White World War I pictures. www.trinity.edu/jdunn/ww1b&w.htm 

*Civil War pictures www.trinity.edu/jdunn/civilwarphotosintro.htm 


To suffer without complaining is the only lesson we must learn in this life.
Vincent Van Gogh (1853 1890)

Frankly speaking, you sometimes have to get annoyed to make things work well.
Friedrich Wilhelm Nietzsche (1844 1900) --- http://en.wikipedia.org/wiki/Friedrich_Wilhelm_Nietzsche

There is no path to peace. Peace is the path.
Mahatma Gandhi (1869 – 948) --- http://en.wikipedia.org/wiki/Mahatma_Gandhi

In times of war, the law falls silent.
Marcus Tullius Cicero (106 BC 43 BC) --- http://en.wikipedia.org/wiki/Cicero

Bravo Dr. Madrid!
U.S. Secretary of Education Appoints Trinity Professor to Commission on the Future of Higher Education --- http://www.trinity.edu/departments/public_relations/news_releases/050921madrid.htm

Is this an admissions scandal even in NCAA Division III schools not having athletic scholarships?
Haverford, a small, selective liberal arts college outside Philadelphia, competes in Division III, which prohibits athletic scholarships. But at many Division III institutions, including most of the nation's small-college academic elite, athletes can measurably enhance their chances of acceptance by being included on a coach's list for the admissions office.
Bill Pennington, "Choreographing the Recruiting Dance," The New York Times, October 16, 2005 --- http://www.nytimes.com/2005/10/16/sports/16haverford.html

Bob Jensen's threads on athletics scandals in higher education ---

"Aiding Students" versus "Buying Students"
In 1643, Harvard University received a gift of ?100 to support the education of a student who was “pious” but poor. And so American student aid was born well before the United States. That gift kicks off Rupert Wilkinson’s new book, Aiding Students, Buying Students: Financial Aid in America (Vanderbilt University Press). The book is more of a history than a policy guide — taking readers through the development of student aid at public and private colleges, and from private and government sources. But there are many references to current policy issues, including many before Congress as it reauthorizes the Higher Education Act. Wilkinson, a former professor of American studies and history at the University of Sussex, in England, has written numerous books and articles on elite groups and education in the United States and in Britain. He answered questions about his book and the current debates over student aid.
Scott Jaschik, "‘Aiding Students, Buying Students’," Inside Higher Ed, October 14, 2005 --- http://www.insidehighered.com/news/2005/10/14/wilkinson

Big meta-academic book of the season:  Elitism in admissions at elite universities
The Chosen is the big meta-academic book of the season — a scholarly epic reconstructing “the hidden history of admission and exclusion at Harvard, Yale, and Princeton,” as the subtitle puts it. Karabel, who is a professor of sociology at the University of California at Berkeley, has fished documents out of the archive with the muckraking zeal worthy of an investigative journalist. And his book, published this month by Houghton Mifflin, is written in far brisker narrative prose than you might expect from somebody working in either sociology or education. That’s not meant as a dis to those worthy fields. But in either, the emphasis on calibrating one’s method does tend to make storytelling an afterthought. For Karabel really does have a story to tell. The Chosen shows how the gentlemanly anti-Semitism of the early 20th century precipitated a deep shift in how the country’s three most prestigious universities went about the self-appointed task of selecting and grooming an elite.
Scott McLemee, "The Chosen Few," Inside Higher Ed, October 13, 2005 --- http://www.insidehighered.com/views/2005/10/13/mclemee

Tenured professors can be fired although it is relatively rare in terms of grading scandals
A tenured faculty member at Delaware State University has been fired amid an investigation that grades were improperly changed for at least 40 students, some of them athletes, WMDT News reported.
Inside Higher Ed, October 14, 2005 --- http://www.insidehighered.com/news/2005/10/14/qt

The lawyer retained by the university from a firm in Kansas City has said his investigation will focus on whether athletes received improper academic assistance and were properly certified to compete under NCAA regulations spelling out "satisfactory academic progress." --- http://www.wmdt.com/topstory/displaystory.asp?id=825

Click here for commercialization corruption (including athletic corruption) of higher education --- http://www.trinity.edu/rjensen/book05q3.htm#EducationCommercialization

Hot markets for used cars and used books:  Buying new is essentially wasting money
Readers seeking E.L. Doctorow's new novel "The March," one of the best-reviewed books of the fall season, can buy the new novel at their neighborhood bookstore for $25.95 or on the Web for a few dollars less. Or they can seek out an even better bargain, like the $13.99 (plus shipping) deal offered earlier this week for a "read once gently" copy on Amazon.com Inc.'s Web site. The Internet is creating a new and fast-growing category in the book-selling market -- the barely-used book. An increasing number of consumers are snapping up used volumes online at invitingly cheap prices. These aren't yellowing copies of out-of-print titles but often unblemished copies of newly published books -- sometimes available just a few days after a book's official publication date.
Jeffrey A. Tarachtenberg, "The Growing Market For Slightly Used Books:  In Latest Threat to Publishers, Readers Flock to Web to Buy Best-Sellers at Big Discounts,"  The Wall Street Journal,  September 29, 2005; Page D1 --- http://online.wsj.com/article/0,,SB112793907533954842,00.html?mod=todays_us_personal_journal

Turn up your speakers
Listen to a song about Bob Jensen's used truck (scroll down to that "Rusty Chevrolet" at http://www.trinity.edu/rjensen/music.htm#Humor

Another way to throw away money --- keep paying interest on your credit cards
Pay off the total balance due on your credit card:  Never consider that misleading "minimum due"
The number of people in the U.S. past due on their credit-card bills rose to a record in the second quarter of this year, the American Bankers Association said yesterday. "The last two quarters have not been pretty," said James Chessen, ABA's chief economist. "Gas prices are taking huge chunks out of wallets, leaving some individuals with little left to meet their financial obligations. With gas prices still rising, the third quarter is not likely to be any better," Mr. Chessen said.
Deborah Lagomarsino, "Past Due Credit-Card Bills Reach Record in U.S.," The Wall Street Journal,
September 29, 2005; Page D2 ---

Bob Jensen's threads on credit card company frauds are at http://www.trinity.edu/rjensen/FraudReporting.htm#FICO

27 states have enacted some form of ID theft notification law to date
California was the first state to require companies to notify consumers of data losses, and 20 more states have enacted some form of notification law, MarketWatch says. More bills are pending in Congress which let companies decide when notification is necessary. Financial institutions in particular, need to do more to beat the problem of identity theft, Bruce Schneier said, writing in Wired, according to ZDNet.UK. “Financial institutions make it too easy for a criminal to commit fraudulent transactions, and too difficult for the victims to clear their names,” he writes. “They can put security countermeasures in place to prevent fraud, detect it quickly and allow victims to clear themselves.” The cost of securing systems can be steep for many companies, says Mike Sattler. It cost him almost $100,000 for a high level audit to verify his own systems, he told MarketWatch. But all of the solutions are not hi-tech, says Alan Brill, senior managing director of Kroll Ontrack, a subsidiary of Kroll, Inc. the global risk-consulting firm. Brill suggests that after considering the specific risks a company faces, management might divert some money from protecting against hackers to encrypting backup tapes or doing more detailed employee background checks. Banks and credit card companies now provide identity-theft protection services to individuals for an average of $12 a month, according to a report in Dow Jones Newswires. Some insurance companies provide it for free, and American Express Co. is pitching free as well as paid services.
"Companies Combating ID Thefts while Consumers Check Credit Reports," AccountingWeb, October 11, 2005 --- http://www.accountingweb.com/cgi-bin/item.cgi?id=101372

What is a "security freeze" protection from ID theft?
The bill's marquee provision is the "security freeze", the right to control access to your credit report. If used, the security freeze prevents identity thieves from getting new credit in your name. "Other states have created security freezes that are expensive or difficult to use," said Caplovitz, "so very few consumers choose to use the freeze. The freeze is like the lock on your front door; if you don't use it, it doesn't keep thieves out. There's no point in creating a freeze that people won't use. The legislature recognized that, and created the best, most consumer friendly security freeze in the country. All consumers are going to wish they were lucky enough to be New Jerseyans." New Jersey's freeze is better than all others because (1) the credit reporting agencies must provide a convenient method of use, such as phone or internet; (2) the credit reporting agencies must lift the freeze as quickly as possible, with the goal being within 15 minutes; (3) the freeze is free to put on and $5 to temporarily lift; and (4) it is available to all consumers. Other states' freezes authorize but don't require a convenient method of use; allow up to three days to lift; cost more; and, in some states, are limited to Identity Theft victims only.
"NJ Enacts Strong, Comprehensive ID Theft Prevention Legislation—Best 'Security Freeze' in the Country," June 23, 2005 ---  http://njpirg.org/NJ.asp?id2=17818&id3=NJ& 

Bob Jensen's threads on ID theft are at http://www.trinity.edu/rjensen/FraudReporting.htm#IdentityTheft

Why You Need More Fiber -- and 6 Easy Ways to Get It
A recent American Dietetic Association position paper reported that most of us don't even come close to the recommended intake of 20 grams to 35 grams of fiber a day. Americans' mean fiber intake is about half that --14-15 grams a day. That's not surprising when you consider that we get fiber from 'roughage' like fruits, vegetables, whole grains, nuts/seeds, and beans. The typical American isn't exactly loading his or her plate with these foods (you'd be hard-pressed to find a fruit, vegetable, whole grain, or bean in your average fast-food value meal).
"Why You Need More Fiber -- and 6 Easy Ways to Get It: High-fiber foods boost health and help control your weight," by Elaine McGee, WebMD, October 11, 2005 ---

From the Univ. of Pennsylvania:  Spreading Yourself Too Thin: The Atkins Diet and Other Fads
The July bankruptcy of Atkins Nutritionals, the company founded by diet guru Robert Atkins, signalled the end of a low-carbohydrate craze some observers say is unrivalled in food marketing. At its peak, during 2003-2004, some 30 million Americans were following the Atkins diet, and 20% of shoppers said they had started buying certain products specifically because they were low-carbohydrate. Yet like any product fad -- from Pet Rocks to Beanie Babies -- the Atkins craze was marked by a rapid rise in popularity and an equally rapid decline. Knowledge@Wharton looks at the different patterns that fads follow, what factors cause their rise and fall, and what role consumers play in promoting, and then abandoning, the latest trend.
"Spreading Yourself Too Thin: The Atkins Diet and Other Fads," Knowledge@wharton, October 2005 --- http://knowledge.wharton.upenn.edu/index.cfm?fa=viewArticle&id=1295

Are Eliot Spitzer's Insurance Lawsuits Hitting the Wrong Targets?
On September 15, New York State Attorney General Eliot Spitzer indicted eight former executives from Marsh & McLennan Companies -- Marsh itself was not charged -- for their part in an alleged bid-rigging scheme. For Spitzer, bid-rigging is just part of the problem with the insurance industry. He says that another practice, contingent commissions, also artificially inflates the price of commercial insurance and therefore should no longer be allowed. Yet according to Wharton professor J. David Cummins, "contingent commissions can help keep property-casualty and other markets efficient," and may "actually level the playing field by giving buyers and sellers equal access to vital market information."
"Are Eliot Spitzer's Insurance Lawsuits Hitting the Wrong Targets?" Knowledge@wharton, October 2005 --- http://knowledge.wharton.upenn.edu/index.cfm?fa=viewArticle&id=1298

Seven things you should know about videoblogging --- http://www.educause.edu/ir/library/pdf/ELI7005.pdf

About Video Editing --- http://www.aboutvideoediting.com/

Software Updates and Reviews --- http://www.versiontracker.com/windows/

Software Reviews --- http://www.gotoreviews.com/

Web data and statistics --- http://www.trinity.edu/rjensen/bookbob4.htm#WebData

Digest of Education Statistics, 2004
The National Center for Education Statistics has published “Digest of Education Statistics, 2004,” a compendium of data, most of which has been previously released, on many aspects of the American education system. The report contains statistics, among other things, on enrollments, the composition of the college faculty and degrees awarded by different types of higher education institutions.
Inside Higher Ed, October 14, 2005 --- http://www.insidehighered.com/news/2005/10/14/qt


Business Week's 2004 Rankings of Business Schools --- http://www.businessweek.com/bschools/04/

(I can't find any 2005 updates to the top rankings of MBA programs by Business Week.)

|04 Update | 03 Update | '02 Data | '01 Update | '00 Data | '99 Update | '98 Data | '96 Data

Business Week uses MBA or Executive (EMBA) graduates themselves to rate the programs. 

I did find 2005 updates for EMBA programs --- http://www.businessweek.com/bschools/05/exec_ed_rank.htm

  TOP 25  EMBA Programs in 2005
Northwestern University (Kellogg School Executive MBA Program)
University of Pennsylvania (Philadelphia)
University of Chicago (Executive MBA Program North America)
University of Michigan
UNC Chapel-Hill (Kenan-Flagler) (MBA for Executives Weekend Program)
Emory University (Weekend Executive MBA Program)
USC (Marshall)
Duke University (Global EMBA Program)
10  Georgetown University (International Executive MBA)
11  Duke University (Weekend EMBA)
12  Texas-Austin (Texas Executive MBA (Option II))
13  Ohio State University (Executive MBA)
14  UCLA (Anderson)
15  IESE Business School (Global Executive MBA)
16  Southern Methodist University
17  Cornell University (Cornell Executive MBA Program)
18  Purdue University (EMB Program)
19  New York University (NYU Stern Executive MBA Program)
20  Notre Dame (South Bend EMBA)
21  Queens University (Queen's National Executive MBA)
22  Western Ontario (Ivey) (EMBA -- Canada)
23  Pepperdine University (EMBA)
24  Vanderbilt (Owen)
25  London Business School (Executive MBA)



Business Week's 2005 rankings of "Best Business Schools by Specialty" --- http://www.businessweek.com/bschools/mbainsider/schools_by_specialty.html

Jensen Comment
The above student-based national rankings differ somewhat from how business school deans rank business schools in the 2005 rankings in US News --- http://www.usnews.com/usnews/edu/grad/rankings/mba/brief/mbarank_brief.php

01. Harvard University (MA) 
02. Stanford University (CA)
03.  University of Pennsylvania (Wharton) 
04. Massachusetts Institute of Technology (Sloan)
      Northwestern University (Kellogg) (IL)
06. Dartmouth College (Tuck) (NH)
      University of California–Berkeley (Haas)
08. University of Chicago
09. Columbia University (NY)
10. University of Michigan–Ann Arbor (Ross)

Every set of rankings differs somewhat from the 2005 MBA recruiter ranking reported in The Wall Street Journal (WSJ) where Harvard and Stanford don't even make the Top 10.  The reason, in part, is that recruiters are looking for diamonds in the rough, those MBA graduates with high talent that do not demand the enormous starting salaries given to Harvard and Stanford MBAs.   The WSJ rankings are given at http://online.wsj.com/public/article/SB112688234637942950.html

01. Dartmouth College (Tuck)  
02. University of Michigan (Ross)
03. Carnegie Mellon Univ.
04. Northwestern Univ. (Kellogg)
05. Yale Univ.
06. Univ. of Pennsylvania (Wharton)
07. Univ. of California/Berkeley (Haas)
08. Columbia University
09. Univ. of North Carolina/Chapel Hill (Kenan-Flagler)
10. Univ. of Southern California (Marshall)

The business school ranking publicity from various media sources is becoming an enormous threat to higher education integrity and is being studied as such by the AACSB --- http://www.trinity.edu/rjensen/HigherEdControversies.htm#BusinessSchoolRankings

How can you incorporate streaming media such as archived Webcast into a live presentation?


You should try www.playstream.com  - They have very inexpensive streaming services using a variety of file types - wmv, mp3, realmedia and quicktime. After you upload your clips to your site, you will get an "easylink", and all you need to do is paste that link into your Powerpoint presentation. Playstream has been purchased by Vitalstream, but the new owner has only enhanced their services.

Richard J. Campbell

Bob Jensen's threads on tricks and tools of the trade are at http://www.trinity.edu/rjensen/000aaa/thetools.htm

New Online Dictionary
October 11, 2005 message from liquid@elook.org

I was looking around and saw that have some links to reference sites. I wanted to ask you to take a look at our dictionary - http://www.elook.org/dictionary/ 

Design with speed in mind, its all about finding definitions fast. It also features a FireFox extension so that users can look up definitions directly - http://www.elook.org/firefox.html 

I hope you find the site worthy enough to recommend to your users.

Ahmed Farooq

Bob Jensen's links to online dictionaries, encyclopedias, and grammar helpers are at http://www.trinity.edu/rjensen/Bookbob3.htm#Dictionaries

"Accounting growing more technical, specialized," by Michelle Cater Rash, BizJournal, September 12, 2005 --- http://snipurl.com/BizJournal   (this link was forwarded by Ed Scribner)

With growth in technology and an increase in government regulations, especially Sarbanes-Oxley, the role and job description of an accountant is changing.

. . .

One of the biggest changes found by the survey is an increased need for a background in technology. And that background goes beyond the ability to use computerized spreadsheets for record keeping.

The survey found that accounting and information technology departments are working closer together than ever to implement computerized compliance systems and to track potential fraud.

. . .

While workers with a general accounting knowledge and background are still the most needed, Robert Half also predicts demand for specialized accounting roles will continue to develop.

Among those specialized jobs are financial analysts, internal auditors and forensic accountants.

Accountants with a background in international business

Continued in article

Bob Jensen's threads on careers are at http://www.trinity.edu/rjensen/bookbob1.htm#careers

New XBRL Blog

October 9, 2005 message from Gerald Trites [gtrites@zorba.ca]

Hi Bob,

Since you've shown an interest in my blogging efforts, I thought I'd let you know I started a blog on XBRL. I know there are a few others out there, but I am doing a lot of research on XBRL right now, and thought I'd run across some sources of interest to researchers. Since I just started it, there's not much there right now, but it will grow quickly. the ref is at http://www.zorba.ca/xbrlblog.html .

Hope all is well. Sorry we didn't get to have a chat in SF.

Gerald D Trites, CA*CISA/IT, FCA
PH 902-867-5410 Cell 416-602-3931

Web Site: www.zorba.ca 
E-Business Blog: www.zorba.ca/blog.html 
XBRL Blog: www.zorba.ca/xbrlblog.html

Bob Jensen's threads on XBRL are at

New MIS educator blog

October 12, 2005 message from David Kroenke [davidkroenke@gmail.com]

Please forgive my sending you a form email I wish to announce the publication of a new blog devoted to teaching of the introductory MIS class, and this is the most expeditious way I know to do it.

The goal of the blog is to support the community of professors who teach the MIS class. I understand there are almost 2000 of us nationally, but unfortunately, we have little opportunity to share ideas, trade experiences, express frustrations, and help each other in additional ways. I hope this blog can help to connect us.

The blog is located at www.TeachingMIS.com . The tab About the blog says more about the blog's goals and the tab Invitation asks for your thoughts and ideas. The MISsed Opportunity, in the Favorites section, documents some of my thoughts about the current state of this class. Also, there is some good news this week for bridge-playing IS teachers!

Please stop by.

Best regards,

David Kroenke

Tax sheltering is one field in which two people can do exactly the same thing and only one is accused of a felony
The recent indictment of some KPMG partners makes for very interesting reading. In the months leading up to it (and the now-rumored indictment of other tax advisors on similar grounds), numerous news stories suggested the KPMG accountants had somehow knowingly participated in tax fraud by creating fake losses for wealthy clients. Whether or not this proves true, the indictment makes no such allegation. While the accountants and their clients may have done some bad things, the notion that their behavior is criminal, and even sufficiently criminal to threaten the very existence of this major firm and its thousands of jobs, casts doubt on the fairness and judgment with which the federal prosecutors have exercised their discretion. Why did they do so in this case? Probably for the simple reason that they are -- quite properly -- offended by the proliferation of newfangled and economically questionable tax shelters, yet at the same time exasperated that Congress shows no interest in legislating these shelters out of existence or enacting a clear "business purpose" requirement, in spite of repeated requests from the Internal Revenue Service. The prosecutors seem to be venting their frustration over this failure to act by fashioning felony charges out of ethereal legal material.
Robert Weisberg and David Mills, "A Very Strange Indictment," The Wall Street Journal, October 12, 2005; Page A16 --- http://online.wsj.com/article/SB112908617510966355.html?mod=opinion&ojcontent=otep
Jensen Comment:  Only in your wildest dreams would the U.S. Congress, in the presence of corporate lobbying, show any interest in legislating these shelters out of existence or enacting a clear "business purpose" requirement.

529 College Savings Plans Post Mediocre Returns
In an effort to prepare for the college costs and take advantage of potential tax savings, many American families are enrolling in state-sponsored prepaid tuition and college savings 529 plans. But 529 plans have not performed well in many states due to lackluster investment returns and relatively high fees, the LA Times reports. The most successful of California’s Golden State Scholarshare funds has been the guaranteed option – much like a savings account – which has paid 4.29 percent per year for five years. Other Scholarshare funds have had returns ranging from a high of 1.8 percent to a low of negative 3.68 percent, LA Times reports. Ohio will introduce CD’s as an investment in their 529 College Savings plans, with varying terms, up to 10 and 12 years, according to the Wall Street Journal. Jacqueline Williams, executive director of the Ohio Tuition Trust Authority, says that the CDs are designed to for parents with young children. They will offer “safety, security and (Federal Deposit Insurance Company (FDIC) backing, she told the Journal. Other states are considering similar investment offerings.
"529 College Savings Plans Post Mediocre Returns," AccountingWeb, October 7, 2005 --- http://www.accountingweb.com/cgi-bin/item.cgi?id=101364

From The Washington Post on October 12, 2005

China says it will develop its own next-generation DVD standard to break the monopoly of foreign companies and avoid paying heavy licensing fees. Approximately what percentage of DVD players are made there?

A. 95
B. 80
C. 40
D. 25

From The Washington Post on October 13, 2005

Three search engines now allow cell phone users to text-message queries from their cell phones. Which of the following is not one of the three?

A. 4Info
B. AltaVista
C. Google
D. Yahoo

Did you know that Yahoo rents Google's search engine?
But for Yahoo, having a research operation that helps to invent emerging information tools has never been a major priority. Indeed, until two years ago, the company didn't even have its own search engine -- it rented Google's. But now that's changing -- and fast. In July, Yahoo hired Prabhakar Raghavan, the former chief technology officer at enterprise-search provider Verity, to lead its 40-person research division in the company's Sunnyvale, CA headquarters. Raghavan, who is also editor-in-chief of the Journal of the Association for Computing Machinery, has proceeded to put Yahoo Research on the map by wooing top researchers, such as Andrew Tomkins, a text-analytics expert so well-regarded for his work on Web buzz-tracking at IBM's Almaden Research Center that Fortune magazine called him one of IBM's "golden geeks." More hiring announcements are imminent, too, according to Usama Fayyad, Yahoo's senior vice president and chief data officer.
Wade Roush, "Yahoo Aims To Be Research Powerhouse," MIT's Technology Review, October 12, 2005 --- http://www.technologyreview.com/articles/05/10/wo/wo_101205roush.asp?trk=nl

Looks like Firefox has had its 15 minutes of fame
The open-source browser that seemed so promising as it snatched market share from Microsoft's Internet Explorers over the last year has already hit a wall. That's according to the latest numbers from Web analysis firm Net Applications. Since topping out at 8.71 percent in June, Mozilla's Firefox has been slowly losing ground, falling to 7.55 percent in September. Without help from the outside, Firefox is expected to remain between 7 percent and 8 percent, while IE is expected to stay at around 86 percent.
Internetweek Newsletter, October 11, 2005

Do you suppose?  Say it isn't true? Blogging for Therapy
The Internet is now teeming with some 15 million blogs. Although the medium first drew mainstream attention with commentary on high-profile events such as the presidential election, many now use it to chronicle intensely personal experiences, venting confessions in front of millions of strangers who can write back.
Yuki Noguchi. "Cyber-Catharsis: Bloggers Use Web Sites as Therapy," The Washington Post, October 12, 2005 --- http://www.washingtonpost.com/wp-dyn/content/article/2005/10/11/AR2005101101781.html?referrer=email 

AmeriCorps—A National Corps of Capable, Committed Individuals 
AmeriCorps ---  http://www.americorps.org/

AmeriCorps is a network of local, state, and national service programs that connects more than 70,000 Americans each year in intensive service to meet our country’s critical needs in education, public safety, health, and the environment.

AmeriCorps members serve with more than 3,000 nonprofits, public agencies, and faith-based and community organizations. Since 1994, more than 400,000 men and women have provided needed assistance to millions of Americans across the nation through their AmeriCorps service.

AmeriCorps opens the door for citizens to serve in a variety of ways. Through their direct service and the volunteers they mobilize, AmeriCorps members address critical needs in communities throughout America, including

What accounts for the fact that the models agreed with each other with Katrina more than for Rita?

"Predicting Rita," by David Talbot, MIT's Technology Review, September 28, 2005 --- http://www.technologyreview.com/articles/05/09/wo/wo_092805talbot.asp?trk=nl

TR: What accounts for the fact that the models agreed with each other with Katrina more than for Rita?

AM: The differing levels of atmospheric stability. A hurricane can become trapped between two high pressure systems, which creates a stable "chute." An unstable situation is that there's no "chute" -- there's just kind of an open area without high pressure systems, and the hurricane can go any which direction it wants. Katrina was more trapped -- it had to go the direction it was going. Rita depended on pretty small differences in the pressure around it as to which way it would go.

Continued in article

Flashback:  Flooding forecast on July 16, 2005
The National Weather Service is predicting as many as 4 major hurricanes and 15 tropical storms this hurricane season, and that's grim news for Louisiana, which already is sinking fast. The locals here will tell you: Land that they played on as children is quickly disappearing. "We could see it, physically," Don Griffin said. "It looked like land sinking and the water's rising." The reasons the land is sinking are many. This is river delta, and deltas sink naturally.

"Southern Louisiana Keeps Sinking," ABC News, July 16, 2003 ---

SEC Accuses Two Deloitte Auditors in Adelphia Fraud
Federal regulators on Friday accused two Deloitte & Touche accountants who audited the books of cable TV operator Adelphia Communications Corp. of aiding the company's accounting fraud in 2000. The Securities and Exchange Commission announced the administrative action against auditors Gregory Dearlove and William Caswell for alleged improper professional conduct. Caswell agreed to settle the case by being barred for at least two years from auditing a public company. He neither admitted nor denied the allegations. The SEC is seeking an injunction against Dearlove and restitution to investors, with the case to be heard by an administrative law judge at the agency. His attorney, Joseph Sedita, disputed the allegations and said his client would contest them. Sedita said that they had told the SEC lawyers, "You've got your facts wrong, you've got your accounting wrong." Deloitte & Touche, a Big Four accounting firm, in April agreed to pay $50 million to settle the SEC's charges in relation to its audit of Adelphia, which filed for bankruptcy protection in 2002 after founder John Rigas and others were accused of using the company as their private piggy bank and cheating investors out of millions. Rigas and his son, Timothy, were convicted of conspiracy, bank fraud and securities fraud last year. Also in April, Adelphia avoided criminal fraud charges in a deal with the Justice Department in which the company received $1.5 billion in cable television systems and other assets from John Rigas and family members and agreed to pay the government just under half that amount.
"SEC Accuses Two Deloitte Auditors in Adelphia Fraud." SmartPros, October 3, 2005 --- http://accounting.smartpros.com/x49950.xml

Bob Jensen's threads on the Adelphia fraud and other legal woes of Deloitte and Touche are at http://www.trinity.edu/rjensen/Fraud001.htm#Deloitte

Esquire wikis article on Wikipedia
Wikipedia lets anyone create a new article for the encyclopedia or edit an existing entry. As a result, since it was started in 2001, Wikipedia has grown to include nearly 749,000 articles in English alone--countless numbers of which have been edited by multiple members of the community. (There are versions of Wikipedia in 109 other languages as well.) The idea is that, despite the fact that anyone can work on any article, Wikipedia's content is self-cleaning because its community keeps a close eye on the accuracy of articles and, in most cases, acts quickly to fix errors that find their way into individual entries. It's the same argument programmers make about open-source software: Since everyone can see the source code, the community can collectively rid the software of errors better than a few developers at one company ever could.
Daniel Terdiman, "Esquire wikis article on Wikipedia," C|Net, September 29, 2005 --- http://news.com.com/Esquire+wikis+article+on+Wikipedia/2100-1038_3-5885171.html?tag=nefd.lede

Jensen Comment
Once again the main Wikipedia site is at http://www.wikipedia.org/
It is becoming a popular site to begin with when searching the meaning of almost any phrase like "classical music."  If you have something to add to the module, it's easy to write it in without leaving your browser (which is probably Internet Explorer).  You can even provide a link to an audio recording of yourself singing in the shower (hopefully not with pictures).

"KPMG Used Its Own Tax Shelter," by Jonathan Weil, The Wall Street Journal, October 14, 2005; Page C1 --- http://online.wsj.com/article/SB112925403377768424.html?mod=todays_us_money_and_investing

Big Four accounting firm KPMG LLP wasn't just a tax-shelter promoter. It also was a client.

Internal KPMG documents show the firm used one of its own mass-marketed corporate-tax strategies to record a $34 million deduction on its 2001 tax return, just months before the Internal Revenue Service listed the strategy as an abusive tax-avoidance transaction.

The IRS added the strategy, called 401(k) Deduction Acceleration Strategy, or "401kAccel," to its published list of abusive transactions in June 2002. KPMG sold it to at least 143 companies, which together "claimed undisclosed millions in accelerated tax deductions," according to a July 2002 court filing by the IRS in connection with its probe into KPMG shelters.

While much of the news about tax avoidance has focused on wealthy individuals, 401kAccel offers a rare look at a type of questionable shelter that KPMG and other major accounting firms shopped to big corporations. Other firms that once sold strategies similar to 401kAccel include Deloitte & Touche LLP, PricewaterhouseCoopers LLP and Arthur Andersen LLP. The IRS allowed companies, including KPMG, to avoid penalties by unwinding the strategies voluntarily.

In a statement, KPMG said it "made full disclosure of the 401kAccel transaction to the IRS on the firm's 2001 federal return," and "took the prescribed corrective measures immediately when the IRS listed the transaction" as abusive.

Internal KPMG records from 1998 through 2002, reviewed by The Wall Street Journal, show a variety of prominent companies bought 401kAccel from KPMG. Among them: Circuit City Stores Inc., Allegheny Energy Inc., Pulte Homes Inc., PetsMart Inc., Tenet Healthcare Corp. and the U.S. unit of Mexican cement maker Cemex SA.

Circuit City Chief Financial Officer Michael Foss said the electronics retailer, a KPMG audit client, used the strategy from 2000 to 2002 and later unwound it without penalty. "Multiple companies were utilizing the strategy," he said.

Continued in article

Bob Jensen's threads on KPMG's legal woes are at http://www.trinity.edu/rjensen/Fraud001.htm#KPMG

Online books and journals

University of Adelaide Library’s collection of Web books --- http://etext.library.adelaide.edu.au/

Beowulf in Hypertext --- http://www.humanities.mcmaster.ca/~beowulf/main.html

Charles Baudelaire (1821 - 1867), and in particular to Les Fleurs du mal (Flowers of Evil) --- http://fleursdumal.org/

Poetry Connection --- http://www.poetryconnection.net/

HAIKU for PEOPLE --- http://www.toyomasu.com/haiku/

Glossary of Hard Boiled Slang --- http://www.miskatonic.org/slang.html

Poetry Archive --- http://www.poetry-archive.com/

Poets Corner --- http://www.theotherpages.org/poems/

Arabian Nights by Sir Richard Francis Burton --- http://mfx.dasburo.com/an/a_index.html

The Beast In The Jungle - Henry James (1843 - 1916) --- http://www.wordtheque.com/pls/wordtc/new_wordtheque.w6_start.doc?code=11509&lang=EN

Bob Jensen's links to electronic books and journals are at  http://www.trinity.edu/rjensen/searchh.htm#ElectronicBooks 

Cajun Academic Humor --- Louisiana Police Investigation (about Texas Aggies, Cajuns, and New York Mafia)
This slide show with audio narration is by Professor David B. Boudreaux.  David is a noted Cajun storyteller and this audio slide show is very funny ---

The key buttons on the bottom are at Button 4 (Pause) and Button 5 (Continue)

The TLT-SWG home page and listserv links are at http://www.tltgroup.org/listserv/tlt-swg.html

From David Letterman (who ain't one)
Why accountants are important
(forwarded by Milt Cohen)

The Journal of Accountancy - yup - we got one of them too, celebrating its 100th anniversary with the current issue. (no, the centerfold is not a semi-completed form 1040).

Along with reflecting on the past century of public accounting there is a list of 24 reasons why someone would want to be a CPA (or accountant). Some of them are worth sharing, as follows. SO WITH APOLOGIZES TO DAVID LETTERMAN - WHO - on 2nd thought doesn't NEED ANY APOLOGY:

1. We get to work the standard 70 hour week.

2. Our debits always equal are credits. (go explain that one)

3. Mom wanted us to be a rock star and this was our way to rebel.

4. The Red Sox wouldn't meet our salary demand.

5. All the free pencils we want.

6. In Scrabble, Accountant is worth 14 points while Doctor is worth only 9 and a Lawyer is 12. go figure!

7. We got to experience the five seasons, summer, winter, fall, spring & TAX!

8. A new IRS form gives us the chills - MANY TIMES A FEVER TOO.

9. No other profession offers April 16th as a paid holiday.


1O. Nobody gets an Academy Award (Oscar) until we say so.


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/.

International Accounting News (including the U.S.)

AccountingEducation.com and Double Entries --- http://www.accountingeducation.com/
        Upcoming international accounting conferences --- http://www.accountingeducation.com/events/index.cfm
        Thousands of journal abstracts --- http://www.accountingeducation.com/journals/index.cfm
Deloitte's International Accounting News --- http://www.iasplus.com/index.htm
Association of International Accountants --- http://www.aia.org.uk/ 
WebCPA --- http://www.webcpa.com/
FASB --- http://www.fasb.org/
IASB --- http://www.fasb.org/
Others --- http://www.trinity.edu/rjensen/bookbob1.htm

Gerald Trite's great set of links --- http://iago.stfx.ca/people/gtrites/Docs/bookmark.htm 

Richard Torian's Managerial Accounting Information Center --- http://www.informationforaccountants.com/ 


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