Shut up and fly: Super cheap airfare may be the wave of the future

Skybus has just started offering service out of Milwaukee’s Mitchell International Airport. One flight per day to Columbus, Ohio. In just an hour, you’ll get there while squeezed in like a sardine and no frills. And I mean none. The Skybus strategy goes like this: Stuff as many people as you can into one airplane … Read more Shut up and fly: Super cheap airfare may be the wave of the future

The “Official” WalletPop Launch Post

This was written by Sara Gilbert, who was in charge of the launch of AOL’s new personal finance blog, WalletPop. Welcome to WalletPop Modern man and woman? We’re stressed out, dude. And more and more it’s obvious the chief source of our stress is money. It’s one of the leading causes of divorce. Financial problems … Read more The “Official” WalletPop Launch Post

Introducing WalletPop

AOL is expanding its professional blogging empire with a new personal finance blog called WalletPop. After months of planning and development, the site has finally gone live!

The site features several bloggers who are in-the-know about a variety of personal finance issues including, credit cards, mortgages, consumer scams, taxes, entrepreneurship, saving money and more.

Read moreIntroducing WalletPop

Auditors and OTC Company Clients

An article in today’s Vancouver Sun makes some interesting points about auditing firms and their OTC company clients. OTC companies aren’t very good investments for shareholders, as many have shaky businesses or are really shell companies for other planned business ventures.

Yet for auditing firms, they might seem like good clients. They need audits before they can register to be sold on the OTC Bulletin Board or pink sheets, and they’re willing to pay.

Read moreAuditors and OTC Company Clients

More on the Overstock.com Accounting Shenanigans

Patrick Byrne Overstock Accounting IrregularitiesThis year, Patrick Byrne and company have taken a liking to discussing the Overstock.com (NASDAQ: OSTK) financials using non-GAAP measures. This means that they present certain financial figures that are not computed in accordance with GAAP (accounting rules).

Who cares? As long as they disclose that they’re non-GAAP measures, it doesn’t matter, right? Wrong. You see, companies use non-GAAP measures for one of two things:

Read moreMore on the Overstock.com Accounting Shenanigans

Commit Crimes That Put the Milwaukee Public Museum in Financial Ruin, and Here is Your Punishment

Terry Gaouette, the former CFO of the Milwaukee Public Museum who colluded with the former CEO Michael Stafford to spend all the endowment money and then create and distribute false financial reports to cover their crimes, was sentenced last week.

He pleaded guilty to a misdemeanor of falsifying a financial report. He has to pay a fine of $500 and give up his CPA license for two years. That’s it. Seriously. He was originally charged with four felonies, but those went away.

Read moreCommit Crimes That Put the Milwaukee Public Museum in Financial Ruin, and Here is Your Punishment

A Master Plan

My Midwest Inflight Magazine
By Catherine Arnold

If you have big plans in business, it’s likely that you’ve thought about earning a Master of Business Administration.

Considering that the average cost of MBA tuition is about $30,000 a year—$41,900 a year at top-ranked Harvard Business School—not including fees, living expenses and loss of income, it’s not a decision most take lightly.

There are many reasons to get an MBA, and it seems that people are continuing to do so. In 2006, about 43,000 people earned MBAs, nearly twice the amount in 1991. So, why get one?

Read moreA Master Plan