Archive for March, 2008
I Thought It Was All Barry Minkow’s Fault?

Usana Health Sciences (NASDAQ: USNA) just took a huge dump. We’re a year out from the report by Barry Minkow and Fraud Discovery Institute about the company’s failure to disclose material information and data about its business model.
When your business is struggling, should you make it harder for your customers to use your services?
UPDATE: Date/time stamps are back!
Tim Sykes posted about this on his blog (and gave the cool graphic here that I conveniently stole from his site) ….
Let’s face it. Yahoo’s business model is failing on many levels. They simply haven’t kept up with web trends and are being pummeled so hard by sites like Google, that there’s a chance their business may never recover.
So when they’re struggling, what do they decide to do? Bring in more visitors by making the site easier to use????
No! Yahoo decides to make the site less user-friendly! What are we talking about?
The one part of Yahoo’s site that is still great is the Finance portion. If you’re researching or following some stocks, you can easily get a ton of information via Yahoo. But they made a small change that is beyond annoying. They’ve taken off the time/date stamp for the news articles.
Help Rid the Blogosphere of Bad Blogs…
Have you ever noticed how many bad blogs there are out there? There are the “splogs” (spam blogs) that are nothing more than sites that want you to visit so they can get advertising dollars. They don’t offer any content… at least not any that they didn’t steal from someone else.
You see these sites coming up in Google all the time. And it really chaps my hide when I click on a search result, expecting a bona fide site relating to my search… and it’s just one of these stupid advertising sites.
Check out my AOL articles
Credit problems aren’t just for consumers – Businesses are filing bankruptcy too, and the impact is wide-reaching
Tax Tips: Cashing out your 401(k) early – Why it’s a horrible, horrible idea to cash out a 401(k) early (not that it stops a lot of young consumers from doing it)
Debt consolidation might be the worst move you’ve ever made – Consolidating sounds great, doesn’t it? Too bad it doesn’t help most people.
Being broke is considered normal? Dave Ramsey says it is – Pay down your debt and get financially stable. You’ll be an oddball
Wow, such uplifting and positive stories, eh? Well, blame it on my generation. If so many of my peers weren’t slackers with poor money management skills, I wouldn’t have to write about this stuff!
Loophole Louie lying about his record?
Judge Louis Butler is running for re-election for the Wisconsin Supreme Court. And those who have followed his legal career know him as Loophole Louie, because he is so pro-criminal, looking for any loophole or technicality that will allow the criminal to get off scott free.
But now that it’s election time, Louie knows that being so ridiculously liberal and pro-criminal will not go over well with the voters. And apparently he’s decided to deal with this by lying about his record.
Thankfully, Jessica McBride is onto the scam and is posting about it on a blog she started just for election issues, called Election Watch Wisconsin.
Here’s what Jessica reports…
Student loan market changing
Experts are worried about the future of the student loan market and whether or not enough money will be available in the coming years for all who want to attend college. The Wall Street Journal reports that colleges and universities are shying away from private lenders (which had been utilized pretty aggressively in the last several years) and back toward federal student loan programs.
Under the federal program, the government guarantees certain loans to students and their families. The loans are attractive because the closing costs are usually lower and the interest rates are competitive.
I wanted you to love my book…
Michael Good at Goode Value Investing did a review of my book Essentials of Corporate Fraud, but I didn’t realize it until tonight!
I admit it – I want everyone to love my book. But everyone won’t. Michael is a great example… his knowledge is way beyond that of the target market for my book. The key to enjoying Essentials of Corporate Fraud is being a beginner when it comes to fraud. The book is geared toward executives, attorneys, auditors, and consultants who are newly encountering the topic of fraud.
How could someone be a high-level executive and not be familiar with fraud? You’d be surprised! The fact is that many executives are so focused on sales numbers and the bottom line, that fraud really isn’t a priority or something they think about a lot. Until a fraud comes along or the auditors make some very serious statements about fraud risks in the company.
Police on the beat, trying to catch…. a blogger
The Whitewater, Wisconsin police chief James Coan has sent two police detectives on a mission. They (and several other city employees, including the director of public works, the information technology officer, and the city clerk) are to spend their paid time trying to find out the identity of an anonymous blogger.
Is this blogger accused of breaking any laws? No. He is only accused of criticizing the police chief and his department. They’re still calling him a “suspect,” though.
The blogger writes under the pen name John Adams, and authors the blog Free Whitewater. The blog has been up and running for almost a year, and regularly criticizes government officials and policies. The writer says that police chief James Coan misuses his position.
Blogging For Business
Are you interested in blogging to help you grow your client base and promote the online presence of your business? So are lots of people! But the key to actually achieving these goals is doing it right. Blogging is part art and part science, and to make it effective, you’ve got to have both parts in play.
Some people think blogging is less important than it used to be. I disagree. I think it’s even more important and more highly regarded than ever, but those who haven’t started better get a move on before it’s too late. Starting a blog from scratch is difficult and it takes a lot of time and effort to build up a following. Those who’ve been blogging for a year or two have probably established a great foundation and readership that helps make their blogging efforts important.
Tim said it would happen like this
My buddy Tim Sykes promised me that I’d become addicted to watching my Amazon.com page for my book Essentials of Corporate Fraud… checking my rankings to see if I’ve moved up or down. He was right. And I am excited because I have gotten below 10,000 for the overall rank. Yay!!!

