Question:

Thanks, Jim, for letting us all know about this. Catherine – Hide quoted text — Show quoted text – IMA Ethics Hotline Now Open to All Financial Professionals This seems like a very good idea. Jim Hudspeth, CFE, CPA

Response:

IMA Ethics Hotline Now Open to All Financial Professionals By: SmartPros Editorial Staff Oct. 10, 2002 — In response to the need for businesses to maintain the highest ethical standards, President Margaret Butler of the Institute of Management Accountants yesterday announced that financial professionals can now get free, confidential guidance on ethical issues through the IMA Ethics Hotline. Since Enron and other corporate accounting scandals, ethics programs and hotlines are fast becoming an unoffical requirement for businesses. Confidential hotlines, in particular, are gaining popularity to protect an employee from being labeled a "whistleblower." "Recent events in the business world demonstrate the need for more ethical guidance for financial professionals," said President Butler. "When financial professionals call the toll-free hotline, their inquiries will be forwarded to an experienced ethics counselor, who provides confidential guidance. This hotline is particularly well-suited for small businesses and solo practitioners who need guidance on ethical issues." Financial professionals can call the hotline toll-free at 1-800-638-4427 not record phone numbers or e-mail addresses. Those who contact the hotline can be provided with a numerical code for identification, to maintain confidentiality. <snip http://accounting.smartpros.com/x35571.xml This seems like a very good idea. Jim Hudspeth, CFE, CPA

Response:

http://accounting.smartpros.com/x35571.xml This seems like a very good idea.

I have always thought the IMA’s ethics hotline was a fantastic resource.  I am glad they are making it available for general use. — Todd Stephens

Response:

Question:

I am studying cima at the moment and I would like to know at which stage you can be considered to be a part qualified accountant. Thanks for your help.

Response:

I am studying cima at the moment and I would like to know at which stage you can be considered to be a part qualified accountant. Thanks for your help.

If you want to be an part qualified accountant, the qualified stage will be you at the stage before the final stage. But, it will be more advantage if you possess a few years accounting working experience.

Response:

Part qualified could occur between stage 1 and 2 i.e standard and intermediate, a lot would depend on experience but if you have done full accounts for a Company it would be fair to present yourself as P/Q Jason

– Hide quoted text — Show quoted text – I am studying cima at the moment and I would like to know at which stage you can be considered to be a part qualified accountant. Thanks for your help. If you want to be an part qualified accountant, the qualified stage will be you at the stage before the final stage. But, it will be more advantage if you possess a few years accounting working experience.

Response:

Question:

And people whine when groups like the DoW use action to protect our natural species. It is surprizing since surveys show anti-environmentists are in danger of becoming extint and they are going to need all the protection they can get. moose – Hide quoted text — Show quoted text – Sonoran Pronghorn Faces Imminent Extinction; Public Grazing, Military Activities, Drought Implicated         WASHINGTON — Interior Secretary Gale Norton has         callously ignored a court order requiring her department to         take clear steps to protect Arizona’s Sonoran pronghorn,         which biologists estimate is down to 50-80 individual animals,         from extinction, according to a motion filed today by Defenders         of Wildlife the at the U.S. District Court. The sub-species’ habitat         has been fragmented by grazing allotments, a military         bombing range, and activities by at least seven federal         agencies, leaving it unable to respond to the ongoing drought         gripping the desert region.         Trapped in fragmented habitat, the Sonoran pronghorn has         been hard hit by recent drought. Almost all of this year’s         fawns have died, according to the Arizona Fish & Wildlife         Department, along with four out of the six adults that had         been fitted with radio collars. State wildlife biologists         estimate that the population has fallen to just 50-80 animals,         from as many as 250 a few years ago.         "Deserts go through droughts. But for the Sonoran pronghorn,         this particular drought is even worse than usual because the         animal’s habitat is so badly cut up by public grazing, military         activities, and damage from ill-advised water management,"         said William Snape, vice president for law and litigation at         Defenders of Wildlife.         "While the Fish and Wildlife Service has acknowledged that         these animals are in real trouble — and that more than just         the weather is to blame — it’s tough to take them seriously         when Secretary Norton is thumbing her nose at steps the         court has ordered her to take."         In February, 2001, U.S. District Court Judge Ellen Segal         Huvelle issued a landmark ruling in a suit brought by         Defenders of Wildlife and an Arizona activist, Paul Huddy,         requiring Secretary Norton to analyze the cumulative impact         of the activities of various federal agencies — including the         Border Patrol, Bureau of Land Management, the Park         Service, and the Fish and Wildlife Service — is harming the         animal, and whether any of these activities should be         curtailed.         Defenders is asking the judge to enforce her previous court         order, and furthermore requesting the removal of cattle now         grazing on 90,000 acres of federal grazing allotments, and         that the government take down fences around the allotments         that impede the pronghorns search for water and forage.         Over a decade ago, the U.S. General Accounting Office         questioned the efficacy of this "hot desert" grazing because         of the bad economics and ecological damage wrought by         such practices.         "Further delay by Secretary Norton could doom this         magnificent species," Snape said. "It’s time for her         department’s actions to catch up to its rhetoric on the         Sonoran pronghorn."         Defenders of Wildlife is represented by Howard Crystal and         Kathy Meyer of the Washington, D.C. law firm of Meyer and         Glitzenstein.

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         WASHINGTON — Interior Secretary Gale Norton has          callously ignored a court order

Oh geeze whiz, tell us something new. Gale "Light Breeze" Norton has studiously avoided doing anything at all during her term of office, other than make excuses for her department’s failure to comply with court orders. For even more nauseating documentation of this behavior on her part, see "Light Breeze"’s contempt trial in the Indian Trust case at http://indiantrust.com , where she blatantly lied to a judge about the status of a court-ordered accounting of Indian trust funds. We knew when she took office that "Light Breeze" (she ain’t big enough to be a full-blown Gale) was no friend of the wilderness. After all, she’d made her name by representing mining interests. I think that nobody, but nobody, could have ever imagined that she’d be on trial for refusing to obey court orders though… after all, it was the Clinton Administration that was supposed to be populated by criminal Democrats, not the Bush Administration, which was supposed to be populated by upstanding law-abiding Republicans.  Whoops, did I say "law-abiding Republican"? Nevermind! We traded the Arkansas Mafia for the Texas Mafia up there in Washington D.C., but it’s still the Mafia — a bunch of crooks. — Eric Lee Green          GnuPG public key at http://badtux.org/eric/eric.gpg

Response:

Sonoran Pronghorn Faces Imminent Extinction; Public Grazing, Military Activities, Drought Implicated          WASHINGTON — Interior Secretary Gale Norton has          callously ignored a court order requiring her department to          take clear steps to protect Arizona’s Sonoran pronghorn,          which biologists estimate is down to 50-80 individual animals,          from extinction, according to a motion filed today by Defenders          of Wildlife the at the U.S. District Court. The sub-species’ habitat          has been fragmented by grazing allotments, a military          bombing range, and activities by at least seven federal          agencies, leaving it unable to respond to the ongoing drought          gripping the desert region.          Trapped in fragmented habitat, the Sonoran pronghorn has          been hard hit by recent drought. Almost all of this year’s          fawns have died, according to the Arizona Fish & Wildlife          Department, along with four out of the six adults that had          been fitted with radio collars. State wildlife biologists          estimate that the population has fallen to just 50-80 animals,          from as many as 250 a few years ago.          "Deserts go through droughts. But for the Sonoran pronghorn,          this particular drought is even worse than usual because the          animal’s habitat is so badly cut up by public grazing, military          activities, and damage from ill-advised water management,"          said William Snape, vice president for law and litigation at          Defenders of Wildlife.          "While the Fish and Wildlife Service has acknowledged that          these animals are in real trouble — and that more than just          the weather is to blame — it’s tough to take them seriously          when Secretary Norton is thumbing her nose at steps the          court has ordered her to take."          In February, 2001, U.S. District Court Judge Ellen Segal          Huvelle issued a landmark ruling in a suit brought by          Defenders of Wildlife and an Arizona activist, Paul Huddy,          requiring Secretary Norton to analyze the cumulative impact          of the activities of various federal agencies — including the          Border Patrol, Bureau of Land Management, the Park          Service, and the Fish and Wildlife Service — is harming the          animal, and whether any of these activities should be          curtailed.          Defenders is asking the judge to enforce her previous court          order, and furthermore requesting the removal of cattle now          grazing on 90,000 acres of federal grazing allotments, and          that the government take down fences around the allotments          that impede the pronghorns search for water and forage.          Over a decade ago, the U.S. General Accounting Office          questioned the efficacy of this "hot desert" grazing because          of the bad economics and ecological damage wrought by          such practices.          "Further delay by Secretary Norton could doom this          magnificent species," Snape said. "It’s time for her          department’s actions to catch up to its rhetoric on the          Sonoran pronghorn."          Defenders of Wildlife is represented by Howard Crystal and          Kathy Meyer of the Washington, D.C. law firm of Meyer and          Glitzenstein.

Response:

Question:

comes round. Do you, kind readers, believe that this is true?

Response:

comes round. Do you, kind readers, believe that this is true?

We used to have a good ongoing "karma" discussion here some time ago, whether there was some kind of cosmic accounting that caused all good or bad we rendered to come back in kind. My conclusion was: No. There enough tragedy, injustice and unfairness in the world to provide fairly conclusive evidence that is sufficient to completely discount that theory. It is something, though, we often believe only because we *need* think things make sense. Best – Fido

Response:

I agree though I wish it were otherwise  :o( – Hide quoted text — Show quoted text – comes round. Do you, kind readers, believe that this is true? We used to have a good ongoing "karma" discussion here some time ago, whether there was some kind of cosmic accounting that caused all good or bad we rendered to come back in kind. My conclusion was: No. There enough tragedy, injustice and unfairness in the world to provide fairly conclusive evidence that is sufficient to completely discount that theory. It is something, though, we often believe only because we *need* think things make sense. Best – Fido

Response:

I agree though I wish it were otherwise  :o(

Well, more often than not, it’s what you make of it. There is a bit of an art to identifing what you can control, and what you can’t control. If you can figure that out, working on what you *can* control (which may be different than what you *want* to control) can turn into a full-time and rewarding job. And I can promise you that’s true. Best – Fido

Response:

I have seen it on occasion……not as often as I think I would need to see it to really trust in it. Denise

– Hide quoted text — Show quoted text – I agree though I wish it were otherwise  :o( comes round. Do you, kind readers, believe that this is true? We used to have a good ongoing "karma" discussion here some time ago, whether there was some kind of cosmic accounting that caused all good or bad we rendered to come back in kind. My conclusion was: No. There enough tragedy, injustice and unfairness in the world to provide fairly conclusive evidence that is sufficient to completely discount that theory. It is something, though, we often believe only because we *need* think things make sense. Best – Fido

Response:

comes round. Do you, kind readers, believe that this is true?

I do believe it.  I also believe that it may greatly change form by the time it comes back around, and we may hardly recognize it.   At least that’s been my experience and my observation of the experiences of others i have known.

Response:

comes round. Do you, kind readers, believe that this is true? I do believe it.  I also believe that it may greatly change form by the time it comes back around, and we may hardly recognize it. At least that’s been my experience and my observation of the experiences of others i have known.

Do you think that the accounts that don’t get settled on earth might get settled in the Afterlife? That every bit of joy, or every bit of pain that you provided for, or caused another will be repaid in kind as part of the Great Reckoning? I always thought that if that were true – that if one was had to endure in the Next Place exactly the amount of frustration, injustice and pain they caused others – then Bill Gates will be spend eternity rebooting his Heavenly Computer. Best – Fido

Response:

- Hide quoted text — Show quoted text – comes round. Do you, kind readers, believe that this is true? We used to have a good ongoing "karma" discussion here some time ago, whether there was some kind of cosmic accounting that caused all good or bad we rendered to come back in kind. My conclusion was: No. There enough tragedy, injustice and unfairness in the world to provide fairly conclusive evidence that is sufficient to completely discount that theory. It is something, though, we often believe only because we *need* think things make sense.

I think it kind of depends on what you mean by "karma." If you mean it in the grand cosmic sense of "will a piano, or some other heavy object, fall out of the sky and crush my ex in retribution for his or her wrongs?" then I would say that, no, there’s no real "karma" out there. But in the sense of "his/her approach to people will come back to bite him or her in the butt one of these days," I think that often (more than statistical coincidence) what comes around goes around (coming back to bite you in the butt, btw, i think is more in keeping with that phrase than "karma.") I do believe that people who routinely go around treating people badly and profiting from it will lose out in the long run, although not in the grand and inglorious way that we might wish. It’s like crime–a lot of people get away with petty crimes, and a fair amount of major crimes go unsolved as well. So, if you commit a single crime, you probably do stand a good chance of "getting away with it." But that’s not how *criminals* operate. They commit crime after crime, and I’d guess that most of them, in the long run, are worse off than if they’d led a clean, honest life. For example, my ex’s cheat mate died in a car crash before I even knew of the affair. This is probably "karma" in the corrupted American sense, the sense that Fido denies truly exists. And few people get that sort of satisfaction. But, my ex’s deeper character flaws are that he is a liar, untrustworthy, highly critical of others, and a user of people. As a direct result, he has few lasting friendships, can’t hold a job for more than a few months, and continues to be an angry, bitter, unhappy person, as far as I can tell. There is so much fucked up in his life, and nearly all of it is the result of his own self-seeking actions. I wouldn’t trade places with him for anything. That, to me, illustrates the concept of "what comes around, goes around."

Response:

- Hide quoted text — Show quoted text – We used to have a good ongoing "karma" discussion here some time ago, whether there was some kind of cosmic accounting that caused all good or bad we rendered to come back in kind. My conclusion was: No. There enough tragedy, injustice and unfairness in the world to provide fairly conclusive evidence that is sufficient to completely discount that theory. It is something, though, we often believe only because we *need* think things make sense. I think it kind of depends on what you mean by "karma." If you mean it in the grand cosmic sense

Oh, shit. Let me rephrase that. "We used to have good <snip discussions about that here some time ago, whether there was some kind of cosmic accounting that caused all good or bad we rendered to come back in kind." (Occam’s razor. For a clean, close shave every time.) Best – Fido

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Yes, I do! D. – Hide quoted text — Show quoted text – comes round. Do you, kind readers, believe that this is true?

Response:

Do you think that the accounts that don’t get settled on earth might get settled in the Afterlife?

Actually, yeah…  I have to believe it…  Keeps me from killing people.

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Yes, I do!

Come around *here*, bay-bee! Love – Fido – Hide quoted text — Show quoted text – D. comes round. Do you, kind readers, believe that this is true?

Response:

I don’t know but I really really hope so! Lori Mc

comes round. Do you, kind readers, believe that this is true?

—–= Posted via Newsfeeds.Com, Uncensored Usenet News =—– http://www.newsfeeds.com – The #1 Newsgroup Service in the World! —–==  Over 80,000 Newsgroups – 16 Different Servers! =—–

Response:

A year or so ago I was in the same room as my son who was on the phone to his mother. She was trying to get him to come to her place for an overnight,( we had agreed that instead of a rigid structure, our son could decide when he would be with either one of us). He was declining her invitation and I could tell that she was raising a fuss to him about this.  In the marriage she had a nasty habit of always putting her own needs above the rest of the family) After a moment he calmly said to her " what goes around comes around mom" and terminated the call. So in some cases you could say it is literally so! Robert M.

– Hide quoted text — Show quoted text – comes round. Do you, kind readers, believe that this is true?

Response:

A year or so ago I was in the same room as my son who was on the phone to his mother. She was trying to get him to come to her place for an overnight,( we had agreed that instead of a rigid structure, our son could decide when he would be with either one of us). He was declining her invitation and I could tell that she was raising a fuss to him about this. In the marriage she had a nasty habit of always putting her own needs above the rest of the family) After a moment he calmly said to her " what goes around comes around mom" and terminated the call. So in some cases you could say it is literally so! Robert M.

Why am I hearing that old harry Chapin song in my head, "The Cat’s in the Cradle" right about now. Bruce B. "In America, there is either room for everyone…or it’s not America."

Response:

"Bruce"  wrote : Why am I hearing that old harry Chapin song in my head, "The Cat’s in the Cradle" right about now. Bruce B.

I think of that song in my head every time my ex does or says something that just drives our kids further away from him.  It appears that maybe the ex has noticed and seems to be trying to do things differently (at least this weekend worked out that way…)  Hopefully, this new turn of events is lasting.. Cal~

Response:

I always wondered about the balance/justness of such things.  I mean, they say that good people are "given"

Careful with the concept of "given". A shortstop might be "given" a bad hop to deal with. There is not necessarily a cognazant party doing the "giving" in many cases, I think. bad things to help them grow, become stronger, develop more insight/compassion/wisdom etc.

I think it is just something that lets you squeeze any available benefit out of even the worst situations, and is a condition of mind thing. A depressed person, for example, would be unable to see good in about anything. With a frame of mind that sees more good, you can help yourself better. And, most of us need all the help we can get. Best – Fido

Response:

I think of that song in my head

hehehe… before someone rags on me for that one, thought I’d point out that I noticed the redundancy here, but too late to hit the stop button.  Ah well….

Response:

My Buddhism is a bit rusty, I confess.  But the thing that I always thought really sucked about that theory, is that if I lead a truly good and insightful life as a woman, I am *rewarded* by coming back next time as a man.  Not to start a bashing thing here, but don’t you guys (by and large) think we women have it made?  So wouldn’t you wonder about the idea of that being a "reward"?

Well, CRAP!!  You mean if i’m really really good i’ll have to give up multiple orgasms????   Watch out, then, i’ve got some bein’ BAD to do!!!!!

Response:

comes round. Do you, kind readers, believe that this is true?

Yes, I do believe in Karma.  20 years ago I left my wife for the one who left me 3 years ago.  When this one was leaving, the things she said were almost verbatim what I had said 20 years ago. Robre

Response:

    Well, Janie. As another of us that has had more than their share of "Bad Karma" comin’ down on them in their lives, do you believe there is a balance point where when it all hits the fan? Will we will be able to stand above it all, and watch the rest of the world ask why? Are we the instruments of karmic balance or are we merely puppets?     If that holds true we are due a whole lot of good things comin’ our way. If it’s not, what’s it all for? Why are we here? Why do we keep going?     John ( who asks himself these questions every hour of every day )

– Hide quoted text — Show quoted text – We used to have a good ongoing "karma" discussion here some time ago, whether there was some kind of cosmic accounting that caused all good or bad we rendered to come back in kind. My conclusion was: No. There enough tragedy, injustice and unfairness in the world to provide fairly conclusive evidence that is sufficient to completely discount that theory. I always wondered about the balance/justness of such things.  I mean, they say that good people are "given" bad things to help them grow, become stronger, develop more insight/compassion/wisdom etc.  So when bad people are given bad things, does that mean they’re a gift to them also, or a "reap what you sow" cosmic justice system? I personally think there is, as Fido says, a whole bunch of bad shit out there, just dropping randomly on people’s heads.  But I think if you are doing bad stuff, you’re just more likely to bring into your life people who will do bad stuff to you.  So that would mean that folks who are predators get MORE than their random share of bad shit in their lives.  Some might say that’s not apparent – but when I look at all the jails in the country, and when I think of what this child sexual predator we’re sentencing in March is going to face when he goes to jail, I think it *is* apparent. Janie — The reason why rivers and seas receive the homage of a hundred mountain streams is that they keep below them.  – Lao Tse

Response:

If it’s not, what’s it all for? Why are we here? Why do we keep going?     John ( who asks himself these questions every hour of every day )

Then how do you get any work done? Best – Fido

Response:

comes round. Do you, kind readers, believe that this is true?

I’d like to believe it is true, but I don’t really think it applies to the here and now because I see people who do very bad things living a nice life and people who do very good things living a very hard life. If there is an afterlife, then it’s very possible that what goes around here will come back at you then.

Response:

– Hide quoted text — Show quoted text – We used to have a good ongoing "karma" discussion here some time ago, whether there was some kind of cosmic accounting that caused all good or bad we rendered to come back in kind. My conclusion was: No. There enough tragedy, injustice and unfairness in the world to provide fairly conclusive evidence that is sufficient to completely discount that theory. It is something, though, we often believe only because we *need* think things make sense. satisfaction. But, my ex’s deeper character flaws are that he is a liar, untrustworthy, highly critical of others, and a user of people. As a direct result, he has few lasting friendships, can’t hold a job for more than a few months, and continues to be an angry, bitter, unhappy person, as far as I can tell. There is so much fucked up in his life, and nearly all of it is the result of his own self-seeking actions. I wouldn’t trade places with him for anything. That, to me, illustrates the concept of "what comes around, goes around."

I peeked in today, and can’t resist this thread so here I go. Kathryn’s understanding of karma is closest to what mine is, too. People who are bitter, angry, and vengeful will generally reap negative results.  This doesn’t mean that I believe (as many do) there is some angry God above, keeping score and causing the ex’s cheatmate to die in a car crash.  That doesn’t make sense to me….after all, why is Melonhead still alive and kicking?  Why would some be punished, karmically speaking, and others remain untouched? As Fido mentions, there is way too much suffering (especially of innocents) to believe that all suffering is the result of some cruel cosmic pay-back.  If I were to believe that, I’d be posting in the suicide thread because it would make me despondant to think that if people suffer, it must be their own fault.  The world is a beautiful, benevolent place, but there is some terrible stuff that goes on to people who really have no say in the matter. Lauri in WA I like my email spamless

Response:

Question:

Sorry, but if I’m interpreting your post correctly, last year’s return was prepared incorrectly.  You can’t break even by "netting" income with contributions.  You’re dealing with 2 independent transactions.  Contributions, distributions and income recognition affect your basis.  Income recognition and contributions increase basis, distributions and losses decrease basis.  You can take a distribution tax-free to the extent of your basis balance (not below zero).  However, you still have income recognition regardless of what your basis is.  For example, if you contribute 8k and have 8k of income your basis is now 16k (assuming a start of 0). You can take a $16k distribution tax-free.  However, you still must recognize (and pay tax on) the 8k of income regardless of whether you contribute 8k or not. On the corporate books you can writedown the assets if they are overstated on the books.  However, you might have to defend/answer questions as where the assets went to (were they stolen, sold, etc.).  If sold, that would have to be reported. Tax years stand on their own.  You can’t play "catch-up" this year by throwing in deductions that should have been taken last year.  You would have to file an amended return for any missed deductions from prior years. – Hide quoted text — Show quoted text – Last year I did not deduct depreciation expenses on a S Corporation tax return. Before taking any depreciation, I had net income of 8k.  I contributed 8k thus breaking even.  Also, the fixed assets numbers appearing on the books seemed much higher than the computer equipment and furniture/fixtures that I could physically account for. I would like to take depreciation this year.  How do I handle the depreciation that would have been deductible from last year? I would appreciate your help. Ralph

Response:

Hi this is Cosmo Thanks for the reply.  The contribution I meant to say was to a SEP IRA Account for the two employee shareholders

Response:

Last year I did not deduct depreciation expenses on a S Corporation tax return. Before taking any depreciation, I had net income of 8k.  I contributed 8k thus breaking even.  Also, the fixed assets numbers appearing on the books seemed much higher than the computer equipment and furniture/fixtures that I could physically account for.   I would like to take depreciation this year.  How do I handle the depreciation that would have been deductible from last year? I would appreciate your help. Ralph

Response:

If a piece of equipment (such as a computer monitor) becomes useless and has to be disposed of before the end of its so-called useful life (5 years for tax purposes, I think), how is the depreciation expense handled (1) in regular accounting and (2) for US tax purposes? Specifically, do you get to depreciate the undepreciated portion early, or do you never get to post the remaining portion?

You take the loss on form 4797 as a loss on abandonment of a fix asset. For tax purposes, do you have to recapture any excess ‘179′ taken in the first year?

yes  Does it make a difference whether you replace the item with a similar one (assuming no trade-in, just a disposal of the old one)?

no – Hide quoted text — Show quoted text – Thanks for your help. Jay

Response:

Allan: Thanks for all the info. You take the loss on form 4797 as a loss on abandonment of a fix asset.

What’s the DR/CR entry on one’s own books? Thanks. Jay

Response:

Allan: Thanks for all the info. You take the loss on form 4797 as a loss on abandonment of a fix asset. What’s the DR/CR entry on one’s own books?

Credit the asset for the cost of the equipment, Debit the accumulated depreciation for that amount taken, Credit cash if there was a sale Debit or Credit loss or gain on the disposition of the asset. Usually there is an adjustment of the cost basis on the new item if there is a trade-in — Paul A. Thomas, CPA Athens,  Georgia http://www.pat-cpa.com

Response:

If a piece of equipment (such as a computer monitor) becomes useless and has to be disposed of before the end of its so-called useful life (5 years for tax purposes, I think), how is the depreciation expense handled (1) in regular accounting and (2) for US tax purposes? Specifically, do you get to depreciate the undepreciated portion early, or do you never get to post the remaining portion?  For tax purposes, do you have to recapture any excess ‘179′ taken in the first year?  Does it make a difference whether you replace the item with a similar one (assuming no trade-in, just a disposal of the old one)? Thanks for your help. Jay

Response:

Question:

If you use a FBO, Flight School, Club with a dispatching system, what’s your experience like?  I’m talking about a person behind the counter who handles scheduling and doles out keys.  Do you find it inconvenient?  Is there often a long line?  What are the pros and cons? begin 666 Eric Archer.vcf M0D5′24XZ5D-!4D0-"E9%4E-)3TXZ,BXQ#0I..D%R8VAE<CM%<FEC#0I&3CI% M4V%N($1I96=O+"!#02 Y,C S. T*14U!24P[4%)%1CM)3E1%4DY%5#I%<FEC &0T%21 T* ` end

Response:

If you use a FBO, Flight School, Club with a dispatching system, what’s your experience like?  I’m talking about a person behind the counter who handles

Hmm, I for all have never seen an FBO without a dispatch desk, and ours has some of the most beautful ladies working it. That alone keeps guys coming back — — HECTOP   PP-ASEL/BOFH   http://www.maxho.com   maxho_at_maxho.com  

Response:

Well, that would certainly keep me hanging around the counter. I guess I’ve never really dealt with flying from an FBO… all of my experience has been with clubs with individual, book-based scheduling.  It seems to me that a dispatch desk could cause a bit of a logjam on a sunny day and a lot of people want to fly.  Do they check your currency status everytime you checkout a plane?

– Hide quoted text — Show quoted text – If you use a FBO, Flight School, Club with a dispatching system, what’s your experience like?  I’m talking about a person behind the counter who handles Hmm, I for all have never seen an FBO without a dispatch desk, and ours has some of the most beautful ladies working it. That alone keeps guys coming back

Response:

seems to me that a dispatch desk could cause a bit of a logjam on a sunny day and a lot of people want to fly.  Do they check your currency status everytime you checkout a plane?

What we have is a computer program (I think) it’s called FBO Tracker or some such, which actually handles all the currency/checkouts data that is entered whenever a new person is added, it keeps track of medicals, (I’m not sure if IR currency included) dates of check outs, etc etc. Ours is one of the more sophisticated set ups, many other places have just an "accounting" program customized to just check pilots in and out. But if your club (for example) is looking for one and you have a member that’s an MS Access programmer (or you can hire one) they can write you a quick hack of an MS Access based FBO runner, it’s not really all that complicated when you know what features you need. — HECTOP PP-ASEL/BOFH http://www.maxho.com maxho_at_maxho.com

Response:

But if your club (for example) is looking for one and you have a member that’s an MS Access programmer (or you can hire one) they can write you a quick hack of an MS Access based FBO runner, it’s not really all that complicated when you know what features you need.

And get them to put it on the web so that people can reserve aircraft from home before they take the long drive out to the airfield just to find no planes!  Members could also query their currency on type etc… the web is a powerful tool.. use it. Phil.

– Hide quoted text — Show quoted text – seems to me that a dispatch desk could cause a bit of a logjam on a sunny day and a lot of people want to fly.  Do they check your currency status everytime you checkout a plane? What we have is a computer program (I think) it’s called FBO Tracker or some such, which actually handles all the currency/checkouts data that is entered whenever a new person is added, it keeps track of medicals, (I’m not sure if IR currency included) dates of check outs, etc etc. Ours is one of the more sophisticated set ups, many other places have just an "accounting" program customized to just check pilots in and out. But if your club (for example) is looking for one and you have a member that’s an MS Access programmer (or you can hire one) they can write you a quick hack of an MS Access based FBO runner, it’s not really all that complicated when you know what features you need. — HECTOP PP-ASEL/BOFH http://www.maxho.com maxho_at_maxho.com

Response:

Question:

anyone know of any online resources that have accounting research info and/or accounting scholars info and/or intellectual biography info. any help greatly appreciated. thank u, m.

Response:

:anyone know of any online resources that have accounting research info :and/or accounting scholars info and/or intellectual biography info. No guarantees, but try following some of the links at http://www.uwasa.fi/~ts/http/http.html#accounting    All the best, Timo — Prof. Timo Salmi ftp & http://garbo.uwasa.fi/ archives 193.166.120.5 Department of Accounting and Business Finance  ; University of Vaasa Timo’s  FAQ  materials  at   http://www.uwasa.fi/~ts/http/tsfaq.html

Response:

Question:

prospects.  If you can’t do that, don’t invest; or try a mutual fund where others do the research for you. If you want a guaranty, try a federally insured bank deposit.

Federally insured bank deposit?  Isn’t that a savings account?  Jesus saves, smart money invests.  ;-)  KM — (-:alohacyberian:-)  At my website there are 3000 live cameras or visit NASA, play games, read jokes, send greeting cards & connect to CNN news, NBA, the White House, Academy Awards or learn all about Hawaii, Israel & more: http://home.att.net/~keith.martin/

Response:

<snip I haven’t read the Iridium prospectus or other materials, but I’ve never seen a start-up that didn’t make a rosy projection.  

<snip I don’t know the particulars of this case, but there is still a line between a "rosy projection" and a fraudulent misrepresentation of your financial position.  You can say what you want about your future, but if you misrepresent your current condition as support for your rosy projection… you can expect a SEC investigation or class-action suit.

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Lots of folks don’t get it.   In international oil exploration, some of these devices are the ONLY way to go. Inmarsat is $15 a minute (before discounts), but you can send data at a good clip.  Mini-M is $3 a minute but slow data, and fax, and weather can bugger it.  Easy to slide through customs though as a laptop. Iridium, good for voice, sometimes, but we need to move data. Cost of running a deepwater drilling  operation offshore Angola: $200,000 per day. The phone is a minor expense. It is not to be used to impress your friends at dinner at a restaurant.  It is for those of us who need to be in communication whenever and wherever we need to work.   Check quote.yahoo.com for IRIB’s quote and see for yourself.  I guess even the super rich aren’t willing to pay $20/minute for a phone call at sea….

remove NO.SPAM from addess before replying

Response:

[sigh] Just another lawyer who doesn’t know his ass from a hole in the ground. When a company paints a nice rosey picture for their investors for months and then hits them out of of the blue with news that says they aren’t meeting the new subscribers numbers that they said they were gonna and the banks start yanking funding, that is more than enough reason for a lawsuit.

You mean they’d actually LIE TO US, just to steal our money?!! I thought it was ALL ABOUT lies!  Isn’t that why the SEC stays in business?? Larry….Bought EMC at 39.75….then it split….now it’s over $100 again….(sigh)….GO EMC!!

Response:

It’s not a good idea for a person who is inexperienced to get involved in penny-stocks or any investment plan without proper guidance or advice from someone with experience.  In any of these investment schemes, the investor should know up-front that there is a possibility of losing the entire investment.  KM — (-:alohacyberian:-)  At my website there are 3000 live cameras or visit NASA, play games, read jokes, send greeting cards & connect to CNN news, NBA, the White House, Academy Awards or learn all about Hawaii, Israel & more: http://home.att.net/~keith.martin/ – Hide quoted text — Show quoted text – No, it’s not all about lies.  It’s about making investments in companies that have firm financial foundations and speculating on the growth of that company.  The SEC regulates stocks by requiring filings and financial statements.  If you really want to see a bunch of cut throat lying posts, go to alt.invest.penny-stocks.  The law get fuzzy when individuals post lies (AKA pump and dump), there are actually consortiums of people that will pump a worthless stock for the big dump.

Response:

If you need to wireless data computing we have been working on and have developed an operating environment that will allow wireless computing using our software as the server. If interested in this new and exciting area let me know.

Response:

No, it’s not all about lies.  It’s about making investments in companies that have firm financial foundations and speculating on the growth of that company.  The SEC regulates stocks by requiring filings and financial statements.  If you really want to see a bunch of cut throat lying posts, go to alt.invest.penny-stocks.  The law get fuzzy when individuals post lies (AKA pump and dump), there are actually consortiums of people that will pump a worthless stock for the big dump.

Watched a great drama unfold from a bogus tire rubber recycler (symbol TIRE) run by a real crook, last year or before.  Their "operation", which never processed a single tire that anyone knew about, was in Florida.  The CEO and his family stripped the investors with outlandish salaries and benefits….all into this "stock gypsie" family’s hidden coffers.  The final straw was when the stock was rolled over, useless, to some scam artists involved in gambling casino boats in the Gulf of Mexico operating out of Florida. The money gone, the investors royally screwed, they all just melted into the woodwork while SEC and the Florida bureaucrats swapped useless letters with the irate investors.  I got interested in it, at the time, when TIRE bought the defunct Performance Jet Ski (PJS) from the courts after they went under.  The jetski group was convinced they were going to start building jetskis again, as was the investors.  No, they only wanted to buy the manufacturing equipment for pennies on the dollar to sell off the assets then stole the money back to their family bank accounts.  It was ALL a scam and SEC didn’t do a thing. Larry

Response:

[sigh] Just another lawyer who doesn’t know his ass from a hole in the ground. When a company paints a nice rosey picture for their investors for months and then hits them out of of the blue with news that says they aren’t meeting the new subscribers numbers that they said they were gonna and the banks start yanking funding, that is more than enough reason for a lawsuit.

Like I said, take some personal responsibility.  Why is it reasonable to believe a company ’s projections on subscribers or customers or any other future event?  Projections are just that.  While there are those companies that play games and even commit accounting fraud, for the most part these suits arise when an overvalued stock, stoked by a bandwagon of uninformed investors falls back down to its true value.  [I can't wait to see what happens when the Internet stocks come back to earth] I haven’t read the Iridium prospectus or other materials, but I’ve never seen a start-up that didn’t make a rosy projection.  If you can’t imagine that a start-up selling an overpriced millionaire’s toy might fall flat on its face, than you don’t know your ass from your wallet.  You’re supposed to do your own research and make your own assement as to the company’s prospects.  If you can’t do that, don’t invest; or try a mutual fund where others do the research for you. If you want a guaranty, try a federally insured bank deposit.

Response:

And then there is the free Ham radio connections from anywhere in the world (as long as you don’t speak business, sex or politics)…

You can speak sex on ham radio.  You just can’t HAVE sex on ham radio. Somewhere the simulation has a bug. Politics is ok, also….well, unless you’re talking to a ham in a totalitarian state where you might get him dragged off in the night by the Gestapo. Talking business on ham radio sends the big phone monopolies into orbit.  They wrote the anti-business regulations for their company-owned politicians way back years ago. Larry KN4IM

Response:

And then there is the free Ham radio connections from anywhere in the world (as long as you don’t speak business, sex or politics)… Mark – Hide quoted text — Show quoted text – I remember being on a ship for 77 days in the 80’s.  The charge for the ship-to-shore phone was $35.00 per minute, plus the normal long distance charges from Anchorage, Alaska.  Needless to say, I didn’t make any phone calls.  KM — (-:alohacyberian:-)  At my website there are 3000 live cameras or visit NASA, play games, read jokes, send greeting cards & connect to CNN news, NBA, the White House, Academy Awards or learn all about Hawaii, Israel & more: http://home.att.net/~keith.martin/ Check quote.yahoo.com for IRIB’s quote and see for yourself.  I guess even the super rich aren’t willing to pay $20/minute for a phone call at sea….

– See my Hawaiian pictures and travel info at: http://www.mindspring.com/~lavarock

Response:

Not much is done even to those who ARE prosecuted, witness Ivan Boesky & Michael Millikan.  That’s why it’s best not to invest without the guidance of someone who has considerable experience.  KM — (-:alohacyberian:-)  At my website there are 3000 live cameras or visit NASA, play games, read jokes, send greeting cards & connect to CNN news, NBA, the White House, Academy Awards or learn all about Hawaii, Israel & more: http://home.att.net/~keith.martin/ – Hide quoted text — Show quoted text – they only wanted to buy the manufacturing equipment for pennies on the dollar to sell off the assets then stole the money back to their family bank accounts.  It was ALL a scam and SEC didn’t do a thing.

Response:

When the investor made the original stock purchase, he should have been advised by his registered representative that he should be prepared to lose all the money in his investment.  KM — (-:alohacyberian:-)  At my website there are 3000 live cameras or visit NASA, play games, read jokes, send greeting cards & connect to CNN news, NBA, the White House, Academy Awards or learn all about Hawaii, Israel & more: http://home.att.net/~keith.martin/ – Hide quoted text — Show quoted text – [sigh] Just another lawyer who doesn’t know his ass from a hole in the ground. When a company paints a nice rosey picture for their investors for months and then hits them out of of the blue with news that says they aren’t meeting the new subscribers numbers that they said they were gonna and the banks start yanking funding, that is more than enough reason for a lawsuit.

Response:

Run, don’t walk to the bank to cash that sponsorship check. It’s my understanding that Iridium is basically going under financially.  Am I right?  Great idea, but the business timing must have been off. Capt. Charlie Miller http://home.att.net/~biggrouper/

Check quote.yahoo.com for IRIB’s quote and see for yourself.  I guess even the super rich aren’t willing to pay $20/minute for a phone call at sea…. Larry

Response:

Check quote.yahoo.com for IRIB’s quote and see for yourself.

I think you mean IRID… Aloha mai Nai`a! — "Please have your Internet License             http://kapu.net/~mjwise/   and Usenet Registration handy…"

Response:

I think you mean IRID…

Seems that they have been given till June 30th to get some serious customers. "Advertise…" Aloha mai Nai`a! — "Please have your Internet License             http://kapu.net/~mjwise/   and Usenet Registration handy…"

Response:

I remember being on a ship for 77 days in the 80’s.  The charge for the ship-to-shore phone was $35.00 per minute, plus the normal long distance charges from Anchorage, Alaska.  Needless to say, I didn’t make any phone calls.  KM — (-:alohacyberian:-)  At my website there are 3000 live cameras or visit NASA, play games, read jokes, send greeting cards & connect to CNN news, NBA, the White House, Academy Awards or learn all about Hawaii, Israel & more: http://home.att.net/~keith.martin/ – Hide quoted text — Show quoted text – Check quote.yahoo.com for IRIB’s quote and see for yourself.  I guess even the super rich aren’t willing to pay $20/minute for a phone call at sea….

Response:

- Hide quoted text — Show quoted text – Don’t bet your life on it….Iridium stock was $60/share last July. Friday it was a little over $9/share.  The lenders have granted them an extension on some debt they haven’t been paying off.  WAITAMINIT! How can they sponsor these races, CarolAnn, when they can’t pay their bills?  What about the screwed stockholders’ class action suits like: CORPORATION                                       CLASS PERIOD Iridium World Communications, Inc. (NASDAQ:IRID – news)   9/9/98 – 3/29/99 You should be aware that class action complaints involving the securities of the above companies were filed on behalf of investors by the law firm of Stull, Stull & Brody. Stull, Stull & Brody has litigated many class actions for violations of securities laws in federal and state courts over the past 25 years and has obtained court approval of substantial settlements on numerous occasions. If you wish to discuss these cases or have any questions concerning your rights or interests, please contact Tzivia Brody, Esq. at Stull, Stull & Brody by calling toll free 1-800-337-4983 or via e-mail at Brody, 6 E. 45th Street, New York, N.Y. 10017. – Contact:     Stull, Stull & Brody, New York     Tzivia Brody, Esq., 1-800-337-4983

[sigh]  just another example of no one in the 90’s willing to take any responsibility for their own actions.  Instead of saying, "gee, I made a bad investment" or "too bad those guys Iridium couldn’t make a go of it" or "only a schmuck puts his life savings into a start-up speculative venture," we now say "Hey, it must be those guys ripped me off" and "Its not my fault, its theirs" and find a lawyer to sue.  Actually, in most of these class action suits, its the lawyers who find the clients.  In the securities area, its not uncommon to file a suit immediately after a large decline in stock value with NO information whatsoever as to the cause or whether or not a securities violation was involved.  Its sue first, then find reason.  As a lawyer, it makes me sick.

Response:

Sad to say, your comments are well said and too true.  When you buy investment securities, it is understood that the buyer must be prepared to lose some or all of the money invested.  KM — (-:alohacyberian:-)  At my website there are 3000 live cameras or visit NASA, play games, read jokes, send greeting cards & connect to CNN news, NBA, the White House, Academy Awards or learn all about Hawaii, Israel & more: http://home.att.net/~keith.martin/ – Hide quoted text — Show quoted text – [sigh]  just another example of no one in the 90’s willing to take any responsibility for their own actions.  Instead of saying, "gee, I made a bad investment" or "too bad those guys Iridium couldn’t make a go of it" or "only a schmuck puts his life savings into a start-up speculative venture," we now say "Hey, it must be those guys ripped me off" and "Its not my fault, its theirs" and find a lawyer to sue.  Actually, in most of these class action suits, its the lawyers who find the clients.  In the securities area, its not uncommon to file a suit immediately after a large decline in stock value with NO information whatsoever as to the cause or whether or not a securities violation was involved.  Its sue first, then find reason.  As a lawyer, it makes me sick.

Response:

[sigh] Just another lawyer who doesn’t know his ass from a hole in the ground. When a company paints a nice rosey picture for their investors for months and then hits them out of of the blue with news that says they aren’t meeting the new subscribers numbers that they said they were gonna and the banks start yanking funding, that is more than enough reason for a lawsuit. – Hide quoted text — Show quoted text – [sigh]  just another example of no one in the 90’s willing to take any responsibility for their own actions.  Instead of saying, "gee, I made a bad investment" or "too bad those guys Iridium couldn’t make a go of it" or "only a schmuck puts his life savings into a start-up speculative venture," we now say "Hey, it must be those guys ripped me off" and "Its not my fault, its theirs" and find a lawyer to sue.  Actually, in most of these class action suits, its the lawyers who find the clients.  In the securities area, its not uncommon to file a suit immediately after a large decline in stock value with NO information whatsoever as to the cause or whether or not a securities violation was involved.  Its sue first, then find reason.  As a lawyer, it makes me sick.

Response:

I would love to have one of their phones for my boat, if only the economics were a little closer to cellular. $3/minute, yes? Aloha mai Nai`a! — "Please have your Internet License             http://kapu.net/~mjwise/  and Usenet Registration handy…"

I think that’s about it, and about $2k for the phone. Russ

Response:

I would love to have one of their phones for my boat, if only the economics were a little closer to cellular.

        $3/minute, yes? Aloha mai Nai`a! — "Please have your Internet License             http://kapu.net/~mjwise/   and Usenet Registration handy…"

Response:

– Hide quoted text — Show quoted text – MAY 28, 1999 FOR IMMEDIATE RELEASE Iridium North America sponsors Transpac LOS ANGELES — Iridium North America, in conjunction with its parent Iridium LLC, has come aboard as primary sponsor of the 40th Transpacific Yacht Race. On Nov. 1, 1998 Iridium became the world’s first global telephone and paging company. Through a constellation of 66 low-earth-orbit satellites circling the globe, customers can make or take calls and receive pages in the most remote regions on Earth. "Over the Pacific Ocean, crew members are isolated from traditional communications," said CarolAnn Gorden, vice president of marketing for Iridium North America. "The Iridium System and equipment are designed for this type of rugged environment and will be a tremendous help with safety, security and reporting for the crew members." more on the web from Rich Roberts in a while – see: http://holoholo.org/transpac/ **NOW BOARDING: TransPac CrewList http://holoholo.org/crewlist/ aloha danno – aka Waikiki YC webguy http://holoholo.org/ Hawaii’s First Ocean Sports Ezine – On The Wire Since 2/1/95 More News…..As It Happens…..From The Source….. Stay Tuned to HoloHolo Hawai`i as we bring   Hawaii’s Major Ocean Sports Events To The ‘Net        Direct from Hawai`i – Via WebXpress: http://holoholo.org/index3.html               *The Official ‘Net Address Of Ocean Sports In Hawai`i* East Coast Mirrors: http://holoholo.com/  -|-  http://waikikiyc.com/ Extra EXTRA: Aloha Racing to launch ABRACADABRA2000 June12 WYLAND to paint hull – ceremony at Ko`olina – more news soon! starts with Outrigger procession and BIG name local entertainers! Run, don’t walk to the bank to cash that sponsorship check. It’s my understanding that Iridium is basically going under financially. Am I right?  Great idea, but the business timing must have been off. Capt. Charlie Miller http://home.att.net/~biggrouper/

They are days away from being declared technically in default on their debt. Motorola and the other backers of Iridium have some very hard choices to make as to whether it is better to throw good money after bad, or let it die.  Very sad.  No doubt in my mind that satellite technology is the future of all information and communication delivery, but something went seriously wrong here.  Final chapter yet to be written.  They say that you can easily identify the pioneers in life, they are the ones with the arrows in their backs.  This appears to be one of those cases.  Personally, I’m hoping they pull it out of the fire.  I would love to have one of their phones for my boat, if only the economics were a little closer to cellular.  I’m sure someday not too far off, that will be a reality. Russ

Response:

"Over the Pacific Ocean, crew members are isolated from traditional communications," said CarolAnn Gorden, vice president of marketing for Iridium North America. "The Iridium System and equipment are designed for this type of rugged environment and will be a tremendous help with safety, security and reporting for the crew members."

Don’t bet your life on it….Iridium stock was $60/share last July. Friday it was a little over $9/share.  The lenders have granted them an extension on some debt they haven’t been paying off.  WAITAMINIT! How can they sponsor these races, CarolAnn, when they can’t pay their bills?  What about the screwed stockholders’ class action suits like: CORPORATION                                       CLASS PERIOD Iridium World Communications, Inc. (NASDAQ:IRID – news)   9/9/98 – 3/29/99 You should be aware that class action complaints involving the securities of the above companies were filed on behalf of investors by the law firm of Stull, Stull & Brody. Stull, Stull & Brody has litigated many class actions for violations of securities laws in federal and state courts over the past 25 years and has obtained court approval of substantial settlements on numerous occasions. If you wish to discuss these cases or have any questions concerning your rights or interests, please contact Tzivia Brody, Esq. at Stull, Stull & Brody by calling toll free 1-800-337-4983 or via e-mail at Brody, 6 E. 45th Street, New York, N.Y. 10017. Contact:      Stull, Stull & Brody, New York      Tzivia Brody, Esq., 1-800-337-4983 Notice to Mariners…..Don’t spend THOUSANDS on an Iridium terminal for your yacht until you go to quote.yahoo.com, enter IRIB into the quote box and look through this company’s recent history.  I wouldn’t want even a rich boater to end up with a DEAD PHONE in an emergency if it gets any worse…….he may. Larry….Look for yourselves.  I almost bought this stock….

Response:

– Hide quoted text — Show quoted text -MAY 28, 1999 FOR IMMEDIATE RELEASE Iridium North America sponsors Transpac LOS ANGELES — Iridium North America, in conjunction with its parent Iridium LLC, has come aboard as primary sponsor of the 40th Transpacific Yacht Race. On Nov. 1, 1998 Iridium became the world’s first global telephone and paging company. Through a constellation of 66 low-earth-orbit satellites circling the globe, customers can make or take calls and receive pages in the most remote regions on Earth. "Over the Pacific Ocean, crew members are isolated from traditional communications," said CarolAnn Gorden, vice president of marketing for Iridium North America. "The Iridium System and equipment are designed for this type of rugged environment and will be a tremendous help with safety, security and reporting for the crew members." more on the web from Rich Roberts in a while – see: http://holoholo.org/transpac/ **NOW BOARDING: TransPac CrewList http://holoholo.org/crewlist/ aloha danno – aka Waikiki YC webguy http://holoholo.org/ Hawaii’s First Ocean Sports Ezine – On The Wire Since 2/1/95 More News…..As It Happens…..From The Source….. Stay Tuned to HoloHolo Hawai`i as we bring   Hawaii’s Major Ocean Sports Events To The ‘Net        Direct from Hawai`i – Via WebXpress: http://holoholo.org/index3.html               *The Official ‘Net Address Of Ocean Sports In Hawai`i* East Coast Mirrors: http://holoholo.com/  -|-  http://waikikiyc.com/ Extra EXTRA: Aloha Racing to launch ABRACADABRA2000 June12 WYLAND to paint hull – ceremony at Ko`olina – more news soon! starts with Outrigger procession and BIG name local entertainers!

Run, don’t walk to the bank to cash that sponsorship check.

Response:

MAY 28, 1999                            FOR IMMEDIATE RELEASE Iridium North America sponsors Transpac LOS ANGELES — Iridium North America, in conjunction with its parent Iridium LLC, has come aboard as primary sponsor of the 40th Transpacific Yacht Race.   On Nov. 1, 1998 Iridium became the world’s first global telephone and paging company. Through a constellation of 66 low-earth-orbit satellites circling the globe, customers can make or take calls and receive pages in the most remote regions on Earth.   "Over the Pacific Ocean, crew members are isolated from traditional communications," said CarolAnn Gorden, vice president of marketing for Iridium North America. "The Iridium System and equipment are designed for this type of rugged environment and will be a tremendous help with safety, security and reporting for the crew members." more on the web from Rich Roberts in a while – see: http://holoholo.org/transpac/ **NOW BOARDING: TransPac CrewList http://holoholo.org/crewlist/ aloha danno – aka Waikiki YC webguy http://holoholo.org/ Hawaii’s First Ocean Sports Ezine – On The Wire Since 2/1/95 More News…..As It Happens…..From The Source….. Stay Tuned to HoloHolo Hawai`i as we bring    Hawaii’s Major Ocean Sports Events To The ‘Net         Direct from Hawai`i – Via WebXpress: http://holoholo.org/index3.html                *The Official ‘Net Address Of Ocean Sports In Hawai`i* East Coast Mirrors: http://holoholo.com/  -|-  http://waikikiyc.com/ Extra EXTRA: Aloha Racing to launch ABRACADABRA2000 June12 WYLAND to paint hull – ceremony at Ko`olina – more news soon! starts with Outrigger procession and BIG name local entertainers!

Response:

Question:

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The Dominion of Melchizedek today annoucned that it has released its Trust Act of 1997 at the following site: http://www.melchizedek.net/trustact.html The key features of the act are: Legislative History and Comments: The Trust Act of 1997 differs markedly from trust acts and laws of other states and legal jurisdictions. This is in part due to the ecclesiastical sovereignty nature of the Dominion of Melchizedek. Some, but not all of the differences include: 1. That the Most High God is acknowledged as the Creator of all material substance of this universe within the Trust Act, and trusts organized pursuant thereto; 2. No fiduciary duty is recognized under the Trust Act of 1997; 3. No rule against perpetuities is recognized under the Trust Act of 1997; 4. No right of visitation by any governmental authority is recognized under the Trust Act of 1997; 5. The governing law of each trust organized under the Trust Act of 1997 is limited to the revealed Divine law therein defined; 6. Books and records of each trust organized under the Trust Act of 1997 must be maintained and stated in singly entry form based upon jurst weights and measures and not double entry accounting form [e.g. GAAP]; 7. No corporation aggregate or other juris ficta [legal entity] is permitted to be a trustee of a trust organized under the Trust Act of 1997; 8. Each foreign trust which seeks the recognition by registration of the trust in the Dominion of Melchizedek must, among other things, adopt the law of the Dominion of Melchizedek as its governing law; 9. Concepts of "profit", "loss" and "ownership" are not recognized under the law of the Dominion of Melchizedek in the Trust Act of 1997, however the Biblical principle of "increase" and that of lawful "possession" and "stewardship" are recognized in applicable instances; 10. Settlement of disputes in alternative dispute resolution is mandated within the mandatory model paragraph language of any trust organized under the Trust Act of 1997. A significant written explanation and analysis of the foregoing notable differences may be obtained from the Office of the Governor of the Dominion of Melchizedek by written request.

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Need someone well breasted in mas 90  we are attempting to link modules and could use an expert to bounce some question off of . Thanks Roger

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Expert?  Absolutely not.  But we use Mas90 for our accounting (software sales/service company) so I may be able to be of some use.  Ask away – and be ready for ‘I don’t know’. Julie – Hide quoted text — Show quoted text – Need someone well breasted in mas 90  we are attempting to link modules and could use an expert to bounce some question off of . Thanks Roger

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