Question:

LMAO!   Thank you, Steve…as always, another good laugh. Hugs, Gigglz

– Hide quoted text — Show quoted text – If people from Poland are called Poles, why aren’t people from Holland called Holes? (Sorry, Miss Anna ) If lawyers are disbarred and clergymen defrocked, doesn’t it follow that electricians can be delighted, musicians denoted, cowboys deranged, models deposed, tree surgeons debarked, and dry cleaners depressed? If Fed Ex and UPS were to merge, would they call it Fed UP? What hair color do they put on the driver’s licenses of bald men? Ever wonder what the speed of lightning would be if it didn’t zigzag? Whatever happened to Preparations A through G? Y’all have a good day Steve. — The charter is available at:  http://readystump.algebra.com/~asapm

– The charter is available at:  http://readystump.algebra.com/~asapm

Response:

If people from Poland are called Poles, why aren’t people from Holland called Holes? (Sorry, Miss Anna )

        No, they’re Hollandaise!   If lawyers are disbarred and clergymen defrocked, doesn’t it follow that electricians can be delighted, musicians denoted, cowboys deranged, models deposed, tree surgeons debarked, and dry cleaners depressed?

        Engineers derailed, accountants discounted, surgeons excised, nurses weaned, teachers unlearned, chemists precipitated, dictators… If Fed Ex and UPS were to merge, would they call it Fed UP?

        UPSex? What hair color do they put on the driver’s licenses of bald men?

        Flesh. Ever wonder what the speed of lightning would be if it didn’t zigzag?

        Look at an electric arc. Whatever happened to Preparations A through G?

        Constipated. <barf Dennis — The charter is available at:  http://readystump.algebra.com/~asapm

Response:

If people from Poland are called Poles, why aren’t people from Holland called Holes? (Sorry, Miss Anna ) If lawyers are disbarred and clergymen defrocked, doesn’t it follow that electricians can be delighted, musicians denoted, cowboys deranged, models deposed, tree surgeons debarked, and dry cleaners depressed? If Fed Ex and UPS were to merge, would they call it Fed UP? What hair color do they put on the driver’s licenses of bald men? Ever wonder what the speed of lightning would be if it didn’t zigzag? Whatever happened to Preparations A through G? Y’all have a good day Steve. — The charter is available at:  http://readystump.algebra.com/~asapm

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Question:

I haven’t seen him post anything here for quite some time.

Response:

I haven’t seen him post anything here for quite some time.

Ron’s last post here was: Re: Peekaboo – FDR scores again – after 70 years Groups: alt.accounting

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Hey Folks Ron is currently editing Girls Gone Wild V

Response:

Hey Folks Ron is currently editing Girls Gone Wild V

It is more likely he is taking pictures. Newsgroups: rec.photo.equipment.35mm http://groups.google.com/groups?q=author:rltodd%40ix.netcom.com&hl=en…

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I was wondering myslef…. Did he find an accounting job finally?

Response:

No, still looking. Actually, primary area of expertise is Internal Auditor. But then, who wants an Internal Auditor that can actually find I was wondering myslef…. Did he find an accounting job finally?

– Boycott list: Belgium, France, Germany, Finland, Sweden, Switzerland, China, Iran, Syria, Hollywood, San Francisco, Massachusetts, New York City, Sierra Club, ACLU, Movies of the first blacklist, Turner, Madonna, S. Crowe, Dixie Chicks, Cher, U2, rapp, Trudeau, Wiley, Disney, ABC news, CBS news, NBC news, CNN, PBS, Sometimes the only influence you have is to say, "No, I’m not buying."

Response:

Boycott list: Belgium, France, Germany, Finland, Sweden, Switzerland, China, Iran,

Since you publicly have to continue to flaunt that strange list kindly explain your grounds for example having my home country Finland there. Are you trying to be funny, pugnacious or simply generally bigoted?    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 Acc. Journals Links  http://www.uwasa.fi/~ts/opas/jott/jottjcgi.html

Response:

Boycott list:  Belgium, France, Germany, Finland, Sweden, Switzerland, China, Iran, Since you publicly have to continue to flaunt that strange list kindly explain your grounds for example having my home country Finland there. Are you trying to be funny, pugnacious or simply generally bigoted?    All the best, Timo

Ditto for my country, Switzerland. Lucien — If you receive this by error, please delete it and inform the sender. PGP key fingerprint=F1C0 D9AE 1B18 1405 4DFA  B4CC 6DC7 FF78 C76E FB15 To Big Brother Echelon from "spook": BND Sudan NORAD Iraq FSF Ortega Nazi Sharon CIA heroine explosion SDI

Response:

Gee lets add Saudi Arabia, England, and Texas.  I don’t see a reason to boycott Germany.  They make good things.  Red China going on the list might be a good thing, but keep Tiwan off. Problem with these boycotts is that it depends on your politics. Bill Couture

Response:

Gee lets add Saudi Arabia, England, and Texas.  I don’t see a reason to boycott Germany.  They make good things.  Red China going on the list might be a good thing, but keep Tiwan off. Problem with these boycotts is that it depends on your politics. Bill Couture

Free country, you spend your vast amounts of disposable cash where you wish. I will withold my pittance from people who I consider a danger to me and my way of life. I have no problems with England, Texas, or Taiwan, and they are not on my list.   — Boycott list: Belgium, France, Germany, Finland, Sweden, Switzerland, China, Iran, Syria, Hollywood, San Francisco, Massachusetts, New York City, Sierra Club, ACLU, Movies of the first blacklist, Turner, Madonna, S. Crowe, Dixie Chicks, Cher, U2, rapp, Trudeau, Wiley, Disney, ABC news, CBS news, NBC news, CNN, PBS, Sometimes the only influence you have is to say, "No, I’m not buying."

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Problem with these boycotts is that it depends on your politics. Boycott list: Belgium, France, Germany, Finland, Sweden, Switzerland, China, Iran,

Many a Usenet newsgroup tends to develop its very own charlatan. Calling names is most uncivilized, but unfortunately there is no other way to describe Mr. Todd’s long-time observed behavior, issue after issue.    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 Acc. Journals Links  http://www.uwasa.fi/~ts/opas/jott/jottjcgi.html

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Well, I am a born Texan. I think I like you already. – Hide quoted text — Show quoted text – I have no problems with England, Texas, or Taiwan, and they are not on my list. — Boycott list: Belgium, France, Germany, Finland, Sweden, Switzerland, China, Iran, Syria, Hollywood, San Francisco, Massachusetts, New York City, Sierra Club, ACLU, Movies of the first blacklist, Turner, Madonna, S. Crowe, Dixie Chicks, Cher, U2, rapp, Trudeau, Wiley, Disney, ABC news, CBS news, NBC news, CNN, PBS, Sometimes the only influence you have is to say, "No, I’m not buying."

Response:

Many a Usenet newsgroup tends to develop its very own charlatan. sin is that he advocates viewpoints substantially different from the mainstream of this group.  At least he speaks his mind, however

Yes, agreed, of course. But there is fine line between perhaps unpopular, diverging views and intellectual dishonesty by ignoring or changing facts. There is nothing intrinsically wrong with stating within the former, but being a scientist when I observe hints of the latter over a long period of time it tends to bother me a bit more than it should. Anyway, the manners always have been good (provided one does not consider overt xenophobic attitudes bad manners).    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 Acc. Journals Links  http://www.uwasa.fi/~ts/opas/jott/jottjcgi.html

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… Perhaps, but, as newsgroups go, Mr. Todd is quite tame.  His biggest sin is that he advocates viewpoints substantially different from the mainstream of this group.  At least he speaks his mind, however unpopular that viewpoint might be. Tippy

Can’t go wrong pandering to the masses. Many great fortunes have been accumulated that way. — Boycott list: Belgium, France, Germany, Finland, Sweden, Switzerland, China, Iran, Syria, Hollywood, San Francisco, Massachusetts, New York City, Sierra Club, ACLU, Movies of the first blacklist, Turner, Madonna, S. Crowe, Dixie Chicks, Cher, U2, rapp, Trudeau, Wiley, Disney, ABC news, CBS news, NBC news, CNN, PBS, Sometimes the only influence you have is to say, "No, I’m not buying."

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Well, I am a born Texan. I think I like you already.

I like Texas.   Many clear thinking folks. If I could find a job, I would move there in short order. — Boycott list: Belgium, France, Germany, Finland, Sweden, Switzerland, China, Iran, Syria, Hollywood, San Francisco, Massachusetts, New York City, Sierra Club, ACLU, Movies of the first blacklist, Turner, Madonna, S. Crowe, Dixie Chicks, Cher, U2, rapp, Trudeau, Wiley, Disney, ABC news, CBS news, NBC news, CNN, PBS, Sometimes the only influence you have is to say, "No, I’m not buying."

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Question:

I’ve been summoned to the Federal court in Sherman (TX) for Federal jury duty.

Have fun.

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- Hide quoted text — Show quoted text – Now, when I transmitt on the ham rig I know any one listening can hear me, but it is illegal to tape those conversations (federal statute). It’s my understanding it’s not illegal to tape the CW converstations. Roger, do you have a cite to that statute?  Are you thinking of the ECPA? I’m refering to the Privacy act and articles written in the official journal of The American Radio Relay League "QST" with interpetations from the FCC. As Hams we really didn’t want to fall under the act. Unfortunately some one else thought they knew what was best for us. Never trust oany one who says they are doing something for your own good. It usually cost you money, or takes away some of your freedoms to do what you were doing before they "helped".

you mean like the EAA and the FnAA are doing to help ultralighters with the new sprot thingy !!! I see now,,,,,,,,,,,,,,,,,,,,,,,, — Roger (K8RI EN73) WWW.RogerHalstead.com N833R, World’s Oldest Debonair? S#CD-2

– Mark Smith                         Tri-State Kite Sales           http://www.trikite.com       1121 N Locust St 1-812-838-6351

Response:

Dave, thanks for that _great_ citation!  It’s going in my permanent files. Also, I posted a letter from FCC stating that it was legal to tape Air/Ground traffic.  Here it is again: Dear Sir, Yes it is legal to tape record transmissions between aircraft and ground controllers because these are public frequencies. Thank you for contacting the FCC.

Interesting, Pro. I’m pondering the ramifications, both criminal and civil, of taping ATC/aircraft communications and making interesting bits available on a web site for instructional or perhaps just pure entertainment value. I’ve heard some pretty amazing exchanges (as I’m sure most of us have).  Does anyone know of a site with recorded ATC/aircraft exchanges available?  I know there are some sites that rebroadcast local towers and such but that is, of course, different than taping and making available. I heard this exchange flying to Miami a few weeks ago.  Tampa Approach: "Piper XYZ are you familiar with Tampa Class Bravo airspace?".  Piper XYZ: "Yes".  Tampa Approach: "WELL YOU JUST VIOLATED IT!"  I expect if I were to record such an exchange and make it available on a web site, I would beep out the call sign of the offending plane. Here (1) is the specific Title 47 USC 605 statute as it existed in 1995.  Here (2) is an amendment to the statute, the Wireless Privacy Enhancement Act of 1998.  This amendment somewhat altered the wording of Title 47 USC 605.  The following is Title 47 USC 605/a as modified by that amendment. TITLE 47.  TELEGRAPHS, TELEPHONES, AND RADIOTELEGRAPHS CHAPTER 5.  WIRE OR RADIO COMMUNICATION MISCELLANEOUS PROVISIONS 47 USCS Sec. 605  Unauthorized interception or publication or use of communications (a) Practices prohibited.      No person receiving, assisting in receiving, transmitting, or assisting in transmitting any interstate or foreign communication by wire or radio shall divulge or publish the existence, contents, substance, purport, effect, or meaning thereof, except through authorized channels of transmission or reception, (1) to any person other than the addressee, his agent, or attorney, (2) to a person employed or authorized to forward such communication to its destination, (3) to proper accounting or distributing officers of the various communicating centers over which the communication may be passed, (4) to the master of a ship under whom he is serving, (5) in response to a subpoena issued by a court of competent jurisdiction, or (6) on demand of other lawful authority. No person not being authorized by the sender shall intentionally intercept any radio communication or divulge or publish the existence, contents, substance, purport, effect, or meaning of such intercepted communication to any person. No person not being entitled thereto shall receive or assist in receiving any interstate or foreign communication by radio and use such communication (or any information therein contained) for his own benefit or for the benefit of another not entitled thereto. No person having received any intercepted radio communication or having become acquainted with the contents, substance, purport, effect, or meaning of such communication (or any part thereof) knowing such communication was intercepted, shall divulge or publish the existence, contents, substance purport, effect, or meaning of such communication (or any part thereof) or use such communication (or any information therein contained) for his own benefit or for the benefit of another not entitled thereto. Nothing in this subsection prohibits an interception or disclosure of a communication as authorized by chapter 119 of title 18, United States Code. – - – - – - – - – Of note is that before the amendment of 1998, the last line of the above section read, "This section shall not apply to the receiving, divulging, publishing, or utilizing the contents of any radio communication which is transmitted by any station for the use of the general public, which relates to ships, aircraft, vehicles, or persons in distress, or which is transmitted by an amateur radio station operator or by a citizens band radio operator."  I suppose that some or all of these exceptions are contained in chapter 119 of title 18 USC but I have yet to sift through that statute.  Here (3) is Chapter 119 of Title 18 USC. Of interest, I think, is this (4) from the Justice Department’s United States Attorneys’ Manual, which reads, in part, "The nature of radio communications is such that there is the potential for a multitude of petty 47 U.S.C.

Question:

Hi, Who can give me accounting information on Ansett airline company of Australia (and their recent collapse)? Any good links to sources are also more than welcome. All the best, Rick Esmeijer

Response:

Use the internet search capability. ie. http://www.google.com/search?hl=en&q=Ansett+airline+collapse&btnG=Goog le+Search http://www.google.com Ansett airline collapse This results in a number of links, go from there.

– Hide quoted text — Show quoted text – Hi, Who can give me accounting information on Ansett airline company of Australia (and their recent collapse)? Any good links to sources are also more than welcome. All the best, Rick Esmeijer

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Question:

I think a good accountant could answer that question, and I think the answer would be along the lines of what you have written. Selling Price  ( Average market value ) less liens less cost of clearing (liens/contracts/etc.) less cost of selling ( and perhaps delivery ) The next two are money in your pocket, but have nothing to do with the value of the  airplane. PLUS any insurance refund PLUS any contracted maintenance  refund Jim – Hide quoted text — Show quoted text – Can someone please explain to me what they believe is the most correct way of calculating capital or equity value in an airplane when you’re in a partnership ?  Most people I speak to say "fair market value minus liens etc equals equity."  So how do we calculate "Capital value" or is it just the same ? Thanx.

Response:

Partnership capital is based on cost, not fair market value.  Presuming that the partners purchase the plane outright (trade-ups and situations where one partner owns 100% of the plane before creating the partnership gets more complicated), you record the cost that you incurred in acquiring the plane. You can capitalize all costs related to the acquisition such as transportation costs to get the plane to your airport, costs incurred in finding the plane to purchase, and cost of pre-purchase inspections.  If you made any "capital improvement" that added to the life or value of the plane such as an engine overhaul, or a prop overhaul, you add the cost of those items to the plane.  Sometimes it gets tricky in determining whether you made a "capital improvement" or just a repair.  Consult with your accountant when you are not sure.  Then subtract accumulated depreciation and outstanding lien balance.   That would give you the collective equity for the partnership.  If you have two partners who contributed equally to the partnership, each partners owns half of the total partnership equity. Partner’s capital usually doesn’t correspond well to the fair market value since you are tracking historical cost rather than value of the plane; you are primarily tracking partner’s capital for tax reasons.  Recommend that you sit down with your accountant during the first year and go over this in detail. Kent Shaw, CPA N9396C

– Hide quoted text — Show quoted text – Can someone please explain to me what they believe is the most correct way of calculating capital or equity value in an airplane when you’re in a partnership ?  Most people I speak to say "fair market value minus liens etc equals equity."  So how do we calculate "Capital value" or is it just the same ? Thanx.

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Can someone please explain to me what they believe is the most correct way of calculating capital or equity value in an airplane when you’re in a partnership ?  Most people I speak to say "fair market value minus liens etc equals equity."  So how do we calculate "Capital value" or is it just the same ? Thanx.

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Question:

The materials management functions in UA Corporate Accounting were substantially improved in v6.0. Please call on me for additional information. Respectfully,  - Carl Dick www.cpaccess.com 949-261-2694 – Hide quoted text — Show quoted text -What is a good accounting & stock control system for a mid-sized manufacturer? I work for a satellite antenna manufacturer that is outgrowing it’s current systems. We have only a dozen or two products and even fewer customers, but complicated manufacturing processes. We use a few thousand components from around one hundred suppliers. Many processes get sent out to sub-contractors. We’ll buy a molded part from one supplier and sent it out to get painted somewhere else, stick it in our stores for a few weeks, and the send it somewhere else to get holes drilled in it. To make matters even more tricky we try to continue manufacturing when we are short of components. So if we need to produce say 100 devices but have only 30 of a particular component then we will make 30 complete devices and do as much as we can on the other 70.  So for items we take 100 from stores and for other we take 30. If we then need to make another 100 devices we need to order 170 of some components but only 100 of others. Strangely this all seems to be quite a challenge for many stock control/ accounting systems. Does anyone else have problems with this? Thanks, Rob Isted.

Respectfully,   – Carl Dick www.cpaccess.com 800-997-7944 949-261-2694  California, USA

Response:

There are any number of manufacturing requirements planning software products that will deal with the situation as you describe it.      A simply WEB search using the term "MRP" will find most of them. These will range anywhere from a few thousand dollars to perhaps fifty or sixty thousand.  With the right effort on the user’s part, any work order based system will do what you want done.  The issue is not so much the software but the competency, training and effort of the users.  My experience has been that problems with these systems have much less to do with hardware and software than it does with the ‘peopleware’. – Hide quoted text — Show quoted text -What is a good accounting & stock control system for a mid-sized manufacturer? I work for a satellite antenna manufacturer that is outgrowing it’s current systems. We have only a dozen or two products and even fewer customers, but complicated manufacturing processes. We use a few thousand components from around one hundred suppliers. Many processes get sent out to sub-contractors. We’ll buy a molded part from one supplier and sent it out to get painted somewhere else, stick it in our stores for a few weeks, and the send it somewhere else to get holes drilled in it. To make matters even more tricky we try to continue manufacturing when we are short of components. So if we need to produce say 100 devices but have only 30 of a particular component then we will make 30 complete devices and do as much as we can on the other 70.  So for items we take 100 from stores and for other we take 30. If we then need to make another 100 devices we need to order 170 of some components but only 100 of others. Strangely this all seems to be quite a challenge for many stock control/ accounting systems. Does anyone else have problems with this? Thanks, Rob Isted.

Response:

Rob – Manufacturing Accounting Software comes in many different levels and the corresponding price fits the features.  You seem to be looking for a product that offers subassemblies that can be included into a finished product.  There are MRP packages that offer Work In Process options as well as labor calculations, etc. which are quite costly but very effective.  There are other accounting packages with inventory modules that offer multiple warehouses, subassembly, and several costing methods as well.  The product I work with is Business Works by SAGE (www.sota.com – for demo) which offers the features you listed.  It is not a true MRP package but does allow you to build (manufacture) subassemblies of finished products as well as go negative on raw materials if required (which is a nice feature as you may not actually have the parts in stock or have entered the paperwork before you need to build the subassemblies).  By allowing you to build your subassemblies in advance of receiving your raw materials the system will also recommend you create a purchase order for said raw materials.  You then have the option to unbuild the subassemblies in order to receive the current cost of the raw materials before building the subassembly.  This accrues the current and correct cost of the subassembly with current calculations of costs for the raw materials.  I do not know how much MRP you require and would be glad to discuss your needs with you to help you determine your software needs.  (303-795-7299) DeeDee Heyne D.B.H. ENTERPRISES – Hide quoted text — Show quoted text – What is a good accounting & stock control system for a mid-sized manufacturer? I work for a satellite antenna manufacturer that is outgrowing it’s current systems. We have only a dozen or two products and even fewer customers, but complicated manufacturing processes. We use a few thousand components from around one hundred suppliers. Many processes get sent out to sub-contractors. We’ll buy a molded part from one supplier and sent it out to get painted somewhere else, stick it in our stores for a few weeks, and the send it somewhere else to get holes drilled in it. To make matters even more tricky we try to continue manufacturing when we are short of components. So if we need to produce say 100 devices but have only 30 of a particular component then we will make 30 complete devices and do as much as we can on the other 70.  So for items we take 100 from stores and for other we take 30. If we then need to make another 100 devices we need to order 170 of some components but only 100 of others. Strangely this all seems to be quite a challenge for many stock control/ accounting systems. Does anyone else have problems with this? Thanks, Rob Isted.

  dbhent.vcf

< 1K Download

Response:

What is a good accounting & stock control system for a mid-sized manufacturer? I work for a satellite antenna manufacturer that is outgrowing it’s current systems. We have only a dozen or two products and even fewer customers, but complicated manufacturing processes. We use a few thousand components from around one hundred suppliers. Many processes get sent out to sub-contractors. We’ll buy a molded part from one supplier and sent it out to get painted somewhere else, stick it in our stores for a few weeks, and the send it somewhere else to get holes drilled in it. To make matters even more tricky we try to continue manufacturing when we are short of components. So if we need to produce say 100 devices but have only 30 of a particular component then we will make 30 complete devices and do as much as we can on the other 70.  So for items we take 100 from stores and for other we take 30. If we then need to make another 100 devices we need to order 170 of some components but only 100 of others. Strangely this all seems to be quite a challenge for many stock control/ accounting systems. Does anyone else have problems with this? Thanks, Rob Isted.

Response:

Anyone wish to share ideas on how a successful Open Item accounts receivable application would operate internally, as far as tables and relationships at the programming language level? The general theory as far as I can see, rotates around a billed value, let’s call it an invoice, being ‘open’, until their has been sufficient payment posted to ‘cover’ the amount of the invoice. That means that each vehicle for payment, is actually posted as value received, unassigned to any open item (again step-by-step, however most systems combine the steps). This possibly can be termed ‘unapplied cash’. The next step is to allocate the payment value to the open invoices, and, there are some possible outcomes in this situation: a) payment is less than the (oldest) open item amount, and so is allocated entirely to the item (i.e. a one-to-one). b) payment is equal to the (oldest) open item amount, and so is allocated entirely to the item (i.e. still a one-to-one). c) payment is greater than the oldest open item amount, and so partial amount equal to the open item is allocated entirely to the item, and then the process is repeated for the next open item, until the payment is exhausted. (i.e. one-to-many). d) From c or alone, the open items are exhausted, and so the remainder of the payment is left in unallocated status, possibly creating a credit balance situation. The entity then needed are: 1) Invoices 2) Payments 3) Application-of-payments (an intersection entity), with foreign keys to invoices and payments There problem I have with this scenario, is when changes to the application might need to be made, most users don’t want to try and figure out how the amount got spread, they just want to work in lump sums. In order to accomplish this, I created horrific amounts of code to handle the various permutations, and show the proposed "correction" posting, which the user can then accept or modify. This is even worse however, when the transaction needs to span invoices from different accounts. (Mis-applied original payment). My basic question, is the above diagram of the entities good, or are there better methods to handle this? Even if someone can suggest a book such as "Developing Accounting Applications For Enterprises" (I wish), that would be good. OTOH, if you have been through this hurdle b4, please share your results with me. TIA

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Question:

GOOD FOR HIM !!!!!! So what happens when they don’t buy up all the shares? Regards, Empress – Hide quoted text — Show quoted text – Dec 18, 10:35 est Lougheed rejects offer for his Canadian shares CALGARY (CP) – Former Alberta premier Peter Lougheed has rejected Air Canada’s offer to buy his Canadian Airlines shares because he wants to support the employees of the Western-based airline. A circular issued by Canadian earlier this month notes Lougheed was the only one of Canadian’s directors and senior officers to refuse the offer as part of Air Canada’s takeover bid. ”I’m very apprehensive about whether Canadian employees will  be treated fairly by Air Canada,” Lougheed said. ”The other directors felt the best route for the employees was to  co-operate (with the offer) and perhaps they’re right. I hope I’m wrong. But I couldn’t bring myself to recommend the acceptance. I had to dissent from the board.”  He emphasized he did not oppose the $2 a share purchase price, which he considered fair value. He also said the 3,900   Canadian shares he holds are far too few to block the takeover   or even affect it significantly. However, the former premier said he had to take a stand for Canadian’s 12,000 workers who are based largely in Calgary and Vancouver. ”The value (of the shares) isn’t great. It’s a symbolic reaction to  my unease about the way the employees may be treated.” The Lougheed government kept Canadian’s predecessor,  Pacific Western Airlines, alive by buying it in the 1970s. The Alberta government returned PWA to the private sector in 1982, setting the stage for it to become Canadian through acquisition of Canadian Pacific Airlines and Ward Air.

Before you buy.

Response:

GOOD FOR HIM !!!!!! So what happens when they don’t buy up all the shares?

perhaps they can impose a mandatory buyout if they get enough shares

Response:

Lougheed, former premier of Alberta, does not tender them to AC.   Depending on the jurisdiction of incorporation, most Acts of Parliament have a clause allowing a majority shareholder to buy out minority shareholders providing the majority shareholder owns a large percentage (95?) of the stock.   The position of a minority shareholder can be unhappy since the company is run to suit the majority owner. However the existence of a small percentage of minority shares is also a nuisance to the majority owner since separate books have to be kept and there may be accounting and tax complications.   The latter may not apply if AC intend to keep CP as a wholly owned subsidiary.   The Canadian Pacific Railway, former owner of CP, still has many stocks and bonds outstanding from lines it acquired or leased many years ago and each of these has an annual meeting.   There was a major court battle some years ago when the preference shareholders of the Ontario and Quebec Railway (a leased line) sued CPR for the proceeds of disposal of assets, arguing that CPR had only leased the assets and was not able to sell them and keep the proceeds. They lost and CPR kept the money. —

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CALGARY (CP) – Former Alberta premier Peter Lougheed has rejected Air Canada’s offer to buy his Canadian Airlines shares because he wants to support the employees of the Western-based airline.

Good on ya ! Mr Loughheed. It’s a shame that opposition is speaking out AFTER the fact, once it is too late. A circular issued by Canadian earlier this month notes Lougheed was the only one of Canadian’s directors and senior officers to refuse the offer as part of Air Canada’s takeover bid.

Yet, a CP news release was worded to say that the board had unanimously accepted the offer. ”I’m very apprehensive about whether Canadian employees will  be treated fairly by Air Canada,” Lougheed said.

They’ll be given priority at AC job openings when AC transfers operations from CP to AC. Will they lose their seniority ? Sounds like another AC strike coming our way.

Response:

So what happens when they don’t buy up all the shares?

Perhaps offer Lougheed with a deal. (seat on the board ? nice free travel on AC, free vacations etc etc). The fact that he is only now speaking out leads me to beleive that he is not really so much on his prinviples but rather wants bargaining power with AC get get some extras.

Response:

CALGARY (CP) – Former Alberta premier Peter Lougheed has rejected Air Canada’s offer to buy his Canadian Airlines shares because he wants to support the employees of the Western-based airline. Good on ya ! Mr Loughheed. It’s a shame that opposition is speaking out AFTER the fact, once it is too late.

Ah, I feel you may be wading out to dangerous assumptions territory It’s entirely possible that he was against it internally, but in the end, got overriden? Happens all the time. That said, I don’t know if that was actually the case with Mr. Loughheed or not. A circular issued by Canadian earlier this month notes Lougheed was the only one of Canadian’s directors and senior officers to refuse the offer as part of Air Canada’s takeover bid. Yet, a CP news release was worded to say that the board had unanimously accepted the offer.

Not unusual for a corporate PR dept to get exact facts wrong or try to put a slightly inaccurate ’spin’ on things. I’ve seen this happen many times. Sucks, huh? ”I’m very apprehensive about whether Canadian employees will  be treated fairly by Air Canada,” Lougheed said. They’ll be given priority at AC job openings when AC transfers operations from CP to AC. Will they lose their seniority ? Sounds like another AC strike coming our way.

Yeah, wondered if I’d misread that announcement originally, myself -Dan

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Dec 18, 10:35 est Lougheed rejects offer for his Canadian shares CALGARY (CP) – Former Alberta premier Peter Lougheed has rejected Air Canada’s offer to buy his Canadian Airlines shares because he wants to support the employees of the Western-based airline. A circular issued by Canadian earlier this month notes Lougheed was the only one of Canadian’s directors and senior officers to refuse the offer as part of Air Canada’s takeover bid. ”I’m very apprehensive about whether Canadian employees will  be treated fairly by Air Canada,” Lougheed said. ”The other directors felt the best route for the employees was to  co-operate (with the offer) and perhaps they’re right. I hope I’m wrong. But I couldn’t bring myself to recommend the acceptance. I had to dissent from the board.”  He emphasized he did not oppose the $2 a share purchase price, which he considered fair value. He also said the 3,900   Canadian shares he holds are far too few to block the takeover   or even affect it significantly. However, the former premier said he had to take a stand for Canadian’s 12,000 workers who are based largely in Calgary and Vancouver. ”The value (of the shares) isn’t great. It’s a symbolic reaction to  my unease about the way the employees may be treated.” The Lougheed government kept Canadian’s predecessor,  Pacific Western Airlines, alive by buying it in the 1970s. The Alberta government returned PWA to the private sector in 1982, setting the stage for it to become Canadian through acquisition of Canadian Pacific Airlines and Ward Air.

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Question:

Learn the software that small business people in your area are buying.  The days when accountants could tell clients what software to buy have passed (if they ever existed).

Probably 8 out of ten were probably selling product, with 50% of the remainder talking clients into using what they themselves use for ease of convenience. Perhaps it lessened a bit with the dominance of PT, QB et al but I’ll bet most recommend what they like using — rather than analyzing clients needs. We see it here all the time by some Of course, I’m one of those exceptions

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– Hide quoted text — Show quoted text -Learn the software that small business people in your area are buying.  The days when accountants could tell clients what software to buy have passed (if they ever existed). Probably 8 out of ten were probably selling product, with 50% of the remainder talking clients into using what they themselves use for ease of convenience. Perhaps it lessened a bit with the dominance of PT, QB et al but I’ll bet most recommend what they like using — rather than analyzing clients needs. We see it here all the time by some Of course, I’m one of those exceptions

Nice post. Of course, none of us really do this.  :-)  :-)      Mike Block, Tax Fighting C.P.A.                 World’s #1 QuickBooks Top Tester QB book/add-ons http://www.blocktax.com/       Ft Lauderdale FL 954-566-7540

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http://www.OttawaGolf.com/jokes is one of the largest joke collections on the net. Feel free to look around at the rest of the site. Lots of material and pictures. Keep it in the short grass! If anyone could send me some great golfing humor, I would appreciate it!  I will accept in any format and can be audio/visual too. or drop by my site and leave there… www.icenter.net/~acker

Dan Kilbank L.P.P.O. Ottawa Ontario Canada http://www.OttawaGolf.com

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Read the "Golfing with Taco Bell" thread down below… classic!

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If anyone could send me some great golfing humor, I would appreciate it!  I will accept in any format and can be audio/visual too. or drop by my site and leave there… www.icenter.net/~acker

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Try looking at a www page called "Thor’s Great Golf Links."  I have not read all of them, but the do have a golf jokes link. http://www.ttsoft.com/thor/golflinks.html (to send eMAIL reply, remove "NoSpam" from my address)

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Another site you can look at for golf jokes is (Bad Golf Monthly). http://www.badgolfmonthly.com (to send eMAIL reply, remove "NoSpam" from my address)

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If anyone could send me some great golfing humor, I would appreciate it!  I will accept in any format and can be audio/visual too.

I only remember one… Two accountants are playing golf one beautiful day after tax season is finished.  On one of the par 3s, the first guy tees off and puts it within a few feet of the cup. The second one tees off and does the same thing… They walk up to the green and only see one ball on it… so one of them looks in the cup and sure enough, one of the balls is in the cup!  Well, since they were both playing the same brand of ball, they start arguing over whose ball is in the hole and whose is still on the green. Finally a course marshall drives by and sees them arguing and asks if he can help with something.  They explain that one of them hit a hole in one and the other is still on the green and they don’t know which one hit the hole-in-one. The marshall takes a look at the ball in the hole and the ball on the green and says "Alright, which of you is playing the orange ball and which of you is playing the white one?" Jen

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This decline began in 1993

Isn’t that unusual.  The decline began when the definition of AIDS was changed to include, for the first time, people who weren’t even sick.  Based solely on t-cell testing (which we all know and admit is not a valid marker for health or disease progression) and the hiv testing — which is completely meaningless.  The test has been shown to be invalid scientifically, not to mention that the testing if for antibodies, which are, if anything, a sign of immunity to the virus (which has never been shown to cause any disease in any person — nor does it kill T-cells, as is the common belief.) When you start labeling healthy people as AIDS victims, I would hope the death rate would drop.  Of course, as these healthy people succumb to the fear, discrimination, stress, loss of friends, loss of sex, employment and the other things that go hand in hand with an AIDS diagnosis, we can expect to see their health decline even before they start the toxic "treatments". AIDS has been on the decline for years.  It has nothing to do with the protease inhibitors.  Protease is a necessary enzyme for life processes.  Anyone remaining on these drugs for a prolonged duration cannot remain healthy.  These drugs will eventually bring about their demise — be it two years or three years down the line. But watch, David Baltimore will discover the miracle vaccine, which will take the credit for ending AIDS.  In reality, it will be a coverup, just like the polio vaccine was. (The polio vaccine, by the way, is the major cause of polio today.)  After the vaccine is available, the CDC will quietly redefine AIDS out of existence.  Then drug abusers can go back to dying of pneumonia, as they’ve been doing for decades.  AIDS, which started as a problem among fast lane white male homosexuals, will become strictly a problem of the third world impoverished — most of whom are dying of starvation.   I hope they will test the vaccine on medical workers first, starting with Gallo, Fauci, and Baltimore. Edward Lieb Want to learn the greatest health "secret" of all?  Ask for my free report: "The #1 Thing You Can You Do For Your Health."

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Declining AIDS Deaths: Will the Bubble Burst? Author: Jay F. Dobkin, MD, Columbia University College of Physicians & Surgeons Manuscript received March 6, 1997 [Infect Med 14(3):181, 1997.