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Music Memories + Songs

Monday, June 18, 2007

Old school fixed asset accounting

It's hard to think about when I was going to classes at Southern Illinois University of Edwardsville way back in the 1970s. That does now seem way way back, a thousand years ago. Why, when I took classes on subjects such as fixed asset accounting, we were told that although some aspects of accounting have to be simplified to be realistic (you can't adjust General Motors' balance sheet every time an employee breaks a pen), you still try to come up with figures that are realistic and accurate. We weren't taught how to manipulate earnings so that stock prices could be forced up to make a lot of money for the big executives. Or how to turn loans into assets through off-balance sheet bookkeeping. I still haven't figured out how Enron did that one.

Transfer tank full of albums I've never heard

It's been around six months now since the local oldies stations K-Hits decided to counter the ARCH (which bragged about never repeating a song in the same day) by having no repeat weeks. To play all different songs every 7 days, they've had to dig down into some old albums and come up with songs that haven't been heard on the radio for decades. I'm familiar with a lot of stuff up through the late 1960s, but not with album material from 1970s groups such as Foreigner, Boston, Doobie Brother, REO Speedwagon. You could fill a transfer tank with the rock albums I have never heard.