Conservapedia - User contributions [en]

Projection

2007-11-20T19:40:24Z

TraJSmith: New page: A projection is a financial estimate, prepared by a business, if certain events occur. For example, a business may run a projection of estimated sales if they increase or decrease the pri...

A projection is a financial estimate, prepared by a business, if certain events occur. For example, a business may run a projection of estimated sales if they increase or decrease the price of their product. Or they may project the impact, on cash flow, of a sale/leaseback arrangement of their head office buiding.

While a projection is not a forecast or a budget, it is often the basis for one or the other.

[[Category:Business]]
[[Category:Finance]]
[[Category:Accounting]]

Business Forecast

2007-11-20T19:32:28Z

TraJSmith: New page: A forecast in Business is management's best estimate of what will happen during the forecast period. It is not a budget, which is more in the nature of a target. Forecasts will be prepar...

A forecast in Business is management's best estimate of what will happen during the forecast period. It is not a budget, which is more in the nature of a target.

Forecasts will be prepared by a business for a variety of reasons. Many companies require a forecast quarterly or half-yearly to determine how much a company might be over or under budget.

A forecast maybe required if there is a major change within a business. This could include introduction of a new product, or a finding that an existing product is hazardous. Or, a forecast might be prepared if a new competitor emerged, or disappeared. Major events completely unrelated to the business, such as the 9/11 terror attacks, may result in a forecast being prepared.

[[Category:Business]]
[[Category:Finance]]
[[Category:Accounting]]

Budget

2007-11-20T19:21:44Z

TraJSmith: changed and expanded

A budget is a plan of revenue and expense, and assets and liabilities for an organizaiton over a period of time. Usually budgets are prepared annually.

The budget of a corporation will be the summation of many budgets, each one prepared by a subisidary, division, department or group within the corporation. Each individual budget must be approved as it moves up the line and is consolidated with other budgets.

Generally, the setting of budgets should be "difficult but achievable". Viewed this way, then, a budget is a target.

The terms budget, forecast and projections are often used, incorrectly, as synonyms.

[[category:accounting]]
[[category:finance]]
[[category:business]]

Sweep account

2007-11-20T19:09:18Z

TraJSmith: New page: A sweep account is a bank account that has it balance 'swept' from it on a regular basis. For example, a cash intensive business, such as a grocery chain, will deposit large amounts of ca...

A sweep account is a bank account that has it balance 'swept' from it on a regular basis.

For example, a cash intensive business, such as a grocery chain, will deposit large amounts of cash every day, which will then be swept to the head office account every night.

Another way a sweep might be used is for a number of subsidiary companies would have their balances swept every night to minimize the effect of any individual overdrafts and increase the earning power of their overnight funds. However, they may have their balances swept back to them the next morning.

Sweep systems can also be set up so that balance are only swept periodically, say once per week, or when the account reaches a certain balance.

[[Category:Business]]
[[Category:Finance]]

LIBOR

2007-11-19T19:14:40Z

TraJSmith: added categories

The '''LIBOR''' (London Interbank Offered Rate), is an index that is tied to interest rates in [[London]]. It is a popular index to be used in some [[United States]] [[adjustable rate loan]]s.

The LIBOR was noticed more in 2007 with the United States housing market and loan difficulties. Although the rates in the United States weren't changing much, the LIBOR, based on conditions in Europe, had gone up considerably (from 1.5% at the start of 2004 to 4.8% by the end of 2005) and caused extra difficulties for consumers who saw their interest rates rising to unexpected levels and didn't realize it wouldn't mirror the US market.<ref>http://www.hsh.com/indices/fnmalibor-2003.html</ref>.

==References==

<References/>

==External Links==

* [http://www.bankrate.com/brm/ratewatch/other-indices.asp Rates]

[[Category:Economics]]
[[Category:Business]][[Category:Finance]]

Debenture

2007-11-19T19:13:19Z

TraJSmith:

A debenture is an unsecured debt. It is simply a promise by the borrower to repay the lender. A debenture will mature on a specific day and state an interest rate. This rate may be fixed, or tied to some sort of index, such as LIBOR or the Federal Funds rate.

Most corporate bonds are debentures. The rate of interest a corporation will pay on its bonds is a function of the market's perceived risk of the corporation being unable to repay the debt. Debentures may also be issued by privately held corporations.

[[Category:Finance]]
[[Category:Business]]

Debenture

2007-11-19T19:12:34Z

TraJSmith:

Debenture

2007-11-19T19:12:12Z

TraJSmith: New page: A debenture is an unsecured debt. It is simply a promise by the borrower to repay the lender. A debenture will mature on a specific day and state an interest rate. This rate may be fixe...

Preferred shares

2007-11-19T19:05:05Z

TraJSmith:

'''Preferred Shares''' are a hybrid financial instrument having characteristics of both [[equity]] and [[debt]].

They are like debt, in that they will carry a specify [[dividend]] rate. However, the payment of the dividend is not guaranteed. A company that failed to make a preferred dividend payment would be viewed unfavorably by the market and it is likely all prices of all it's issued shares would fall.

Other influences to the price of preferred shares include prevailing [[interest rate]]s for debt of similar risk will generate a premium or discount to the share price. However, all those things that influence common shares, can influence the price of preferred shares.

[[Category:Business]]
[[Category:Finance]]
[[Category:Accounting]]

Preferred shares

2007-11-16T18:50:50Z

TraJSmith: New page: Preferred Shares are a hybrid financial instrument having characteristics of both equity and debt. They are like debt, in that they will carry a specify dividend rate. However, the payme...

Preferred Shares are a hybrid financial instrument having characteristics of both equity and debt.

They are like debt, in that they will carry a specify dividend rate. However, the payment of the dividend is not guaranteed. A company that failed to make a preferred dividend payment would be viewed unfavorably by the market and it is likely all prices of all it's issued shares would fall.

Other influences to the price of preferred shares include prevailing interest rates for debt of similar risk will generate a premium or discount to the share price. However, all those things that influence common shares, can will influence the price of preferred shares.

[[Category:Business]]
[[Category:Finance]]
[[Category:Accounting]]

Indenture

2007-11-16T18:43:05Z

TraJSmith: New page: An indenture is a document governing the parties to a loan. That is, it will spell out the amount of the loan, interest rate, term and covenants. Category:Finance [[Category:Business...

An indenture is a document governing the parties to a loan. That is, it will spell out the amount of the loan, interest rate, term and covenants.

[[Category:Finance]]
[[Category:Business]]

Brent Butt

2007-11-12T19:12:24Z

TraJSmith: added his TV show

'''Brent Butt''' is a [[Canada|Canadian]] [[comedy|comedian]] and [[television]] star.

He is best known as the writer and star of "Corner Gas", an affectionate but quirky comedy about a small town in Saskatchewan.

Canadian Dollar

2007-11-08T18:59:58Z

TraJSmith: Rise in Canadian dollar is actually fall in US dollar

The '''Canadian Dollar''' is the official currency of Canada. In October 2007, the Canadian dollar became more valuable than the [[United States of America|American]] [[dollar]] for the first time since the 1960s. However, this was not so much an increase in the value of the Canadian dollar, but a decrease in the value of the American dollar. The Canadian dollar has stayed relatively steady against the Euro and other major currencies, while the US dollar ha fallen.

[[Category: Economics]]
[[Category: Canada]]

Fixed costs

2007-11-08T18:37:25Z

TraJSmith: clarified point about all costs being variable in the long run.

Fixed costs are costs that do not vary based on the amount of production or output. In other words, these costs exist regardless of whether a company is in full production or shut down. Fixed costs include rent, property taxes and debt. Costs, that depend on the amount of output, are [[variable costs]]. In the long run, all costs are variable, as a firm can always choose to shut down.

[[category:economics]]

Tax rate

2007-10-30T17:49:39Z

TraJSmith: added para to distinguish between marignal and average tax rates

A '''tax rate''' is the rate at which taxation occurs.

For [[progressive tax]]es such as [[income tax]] is in the [[United States]], the rate will change based upon level of income, increasing with greater income values.

For [[sales tax]], the rate is the same for everyone. The tax paid only varies based upon the total dollar value of the purchase.

When taxes are levied on a progressive basis, it is vital to distinguish between the Marginal and Average rate of Tax. The marginal rate is that the tax paid on the last dollar earned, whereas the average rate is total taxes divided by total income. In the US, in 2007, a married person with a taxable income of $357,001 would pay 35% on the last dollar earned, however the total taxes payable by this person would be $94,601 or 26.5%. This would be levied on the taxpayer's taxable income, so the average rate to total income would be less.

[[Category: Government]]
[[Category:Business]]
[[Category:Finance]]

Fair trade

2007-10-26T18:00:27Z

TraJSmith: adding comment on encouraging overproductin of commodities

'''Fair trade''' is a business and social movement whereby a producer in a [[developing country]] is paid at a rate higher than the generally prevailing market price for their goods. This is generally done because many producers of goods like [[coffee]], [[tea]] and [[chocolate]] do not receive living wages for their work.

While well intentioned, Fair Trade well may encourage overproduction of certain commodities. As a low price normally means supply is outstripping demand, such overproduction may well exacerbate the condition that FT is trying to correct.

In order for a product to be marketed as Fair Trade, certification by an independent entity<ref>http://www.transfairusa.org/</ref> is generally required.

== References ==
<references/>

[[Category:Economics]]
[[Category:Politics]]

Variance

2007-10-23T03:58:37Z

TraJSmith: New page: Variance is a term frequently used in Management or Cost Accounting. It is used to highlight the differences between standard costs and actual costs. The variance may be highlighted in u...

Variance is a term frequently used in Management or Cost Accounting.

It is used to highlight the differences between standard costs and actual costs. The variance may be highlighted in units or in dollars. For example, the standard cost of a product may be 2.5 labor hours, but if the actual time spent was three hours, the product would be said to have an unfavorable variance of 0.5 hours. If the labor rate was $20.00 per hour, the labor variance would be $10.00

Now, suppose the actual labor rate was $25.00 per hour, there would be a labor rate variance of ($25.00-$20.00) x 2 hours or $10.00.

We now have a labor variance of $10.00 and a rate variance of $10.00 also. In addition we have a $5.00 unfavorable variance that is a mixture of rate and time.

Analysis of variances assists management in determing the cause of the cost overrun. The extra hours point could point to a problem in efficiency whereas the rate variance may indicate that lower cost workers could be used to assemble the product.

[[Category:Accounting]]
[[Category:Business]]

Loan Covenant

2007-10-22T18:16:31Z

TraJSmith: New page: Loan Covenants are a set of future conditions and rules imposed upon a borrower by a lender. Typically, such covenants will require the borrower to maintain a certain EBITDA, either as an...

Loan Covenants are a set of future conditions and rules imposed upon a borrower by a lender. Typically, such covenants will require the borrower to maintain a certain EBITDA, either as an absolute or as a ratio to another number, maintain certain working capital ratios, to reduce the loan balance by any significant sale of fixed assets or investments, and so on.

How onerous the covenants are depend upon the risk of default by the borrower as perceived by the vendor. Failure to maintain the covenants can result in the calling of the loan, but more often will result in penalties and extra fees to the borrowers.

[[Category:Business]]
[[Category:Finance]]

Derivatives (finance)

2007-10-18T03:44:12Z

TraJSmith: slight expansion and removal of cash as the only underlying asset.

Derivatives are financial instruments that derive their value from underlying assets. Derivatives can be traded (bought and sold) in a manner similar to [[stock]]. Derivatives include [[futures]], [[options]] and [[swaps]].

The value and prices of derivatives depends on the fluctuating value of the underlying asset. But as derivatives become more important, their trading can influence the underlying asset pricing.

Deirvatives range from the exotic to the mundane. Famously, Barclay's Bank trading in derivatives almost lead to their bankruptcy, but the purchase of a simple forward currency contract is also dealing in a derivative.

Derivatives can be traded on a financial exchange, or in an over-the-counter (OTC) market.
[[category:finance]]

Leases

2007-10-15T21:51:46Z

TraJSmith:

A lease is where equipment or property is rented by one person or business from another. A lease normally implies a longer term contractual term, whereas renting is often considered to be shorter term. Hence we rent cars for weekend trips but lease them for two years at a time.

A lessor is one who owns the asset to be leased and generates revenue from it. A lessee is the one who uses the asset and pays the owner for the privilege of doing so.

Leases usually fall into one of two categories – operating or financial. An operating lease is such that it does not transfer significant risks and benefits of ownership to the lessee. A financial or capital lease is really a loan in disguise. US accounting rules require companies to account for a leased asset as if it were a purchase with a corresponding debt, if one of the following criteria are met:

1. The lease transfers ownership of the property at the end of the term to the lessee.
2. The lease contains a bargain purchase option.
3. The non-cancellable term of the lease is more than 75% of the estimated life of the property
4. The Net Present Value of lease payments are equal to 90% of the fair value of the property.

[[Category:Business]]
[[Category:Finance]]

Leases

2007-10-15T21:50:58Z

TraJSmith: New page: A lease is where equipment or property is rented by one person or business from another. A lease normally implies a longer term contractual term, whereas renting is often considered to be...

Cash Flow

2007-10-12T18:29:18Z

TraJSmith: New page: Cash flow in a business enterprise refers to not just the operating of the business, but how well it collects and pays its debts and how it its money is spent. Companies that prepare fina...

Cash flow in a business enterprise refers to not just the operating of the business, but how well it collects and pays its debts and how it its money is spent.

Companies that prepare financial statements under Generally Accepted Accounting Principles must prepare a Statement of Cash Flow in addition to the more widely known Income Statement and Balance Sheet. The statement provides a link between the Net Income reported on the income statement to the final cash balance shown on the balance sheet.

A cash flow statement can be thought of as having three constituent parts. The first is the starting point of Net Income and the removal of non-cash items therefrom. The second part concerns the overall operating aspects of the business and their impact on cash. The final is the effect of long term financing and inveesting decisions such as the issue of capital, debt, repayment of debt, dividends and capital expenditure.

Operating cash flow shows the cash flow that the business generated, or used, in the day to day operations of its business. Key factors in generating operating cash flow are the control of accounts receivable and inventory levels. If the opperating cash flow of a business is signifcantly different from its accounting income, the reason should be investigated. While there are many legitimate reasons for the two to diverge, this simple test can often lead to the discovery of inappropirate accounting.

[[Category:Business]]
[[Category:Accounting]]

Deferred Taxes

2007-10-12T17:55:57Z

TraJSmith: simple explaination of arcane accounting concept

Deferred Taxes may appear on a company’s balance sheet as either an asset or a liability.

They arise due to timing differences in the Taxable Income of a corporation vs. its accounting income under Generally Accepted Accounting Principles (GAAP).

GAAP requires the recognition of deferred taxes to provide a proper matching to total tax expense with the accounting income for the year. A major reason for deferred taxes to arise is the difference between depreciation for accounting purposes and tax depreciation.

This is best seen by a simple example. Suppose a company has $1,000 income under GAAP, after providing for $100 in depreciation. However, the tax depreciation for the company is $180. We should also assume a 35% tax rate.

The company, then, will pay taxes of ($1,000+100-180) = 920 x 35% = 322.

We have added back the $100 in accounting depreciation and subtracted the $180 in tax depreciation to arrive at $920 in taxable income.

However, over time, the accounting depreciation will eventually catch up and overtake the tax depreciation. To provide for this, we must account for the tax on this timing difference of $80. The company will record a tax liability of 80 x 35% or $28.00

The total tax provided in the income statement of the company, then, will be $322 + 28, or $350 which is the total tax rate, 35% applied to the accounting income of the company.

[[Category:Accounting]]

Transfer Pricing

2007-10-05T18:00:04Z

TraJSmith:

'''Transfer Pricing''' is the setting of prices between two related companies in different countries. Transfer pricing is always of concern to government fiscal authorities, as improper transfer pricing can result in shifting profits from one country to another.

Consider a company in Country A which ships a product that cost $80.00 to a sister company in Country B. That company adds $20.00 of value to the product and sells on to the customer for $125.00

Suppose Country A has a much lower tax rate than Country B. The company would sell the product to its sister company for $125.00. That way the corporate group would realize a profit of $45.00 in the low tax country and zero in the high tax country.

The best argument for any transfer price is the "arms-length rule". If the company in Country B could buy the same product from an unrelated company for $100.00 that would be an easily established and defendable transfer price. In the absence of such examples, many other factors must be considered such as margins in both countries, administrative costs of selling to a related entity vs an unrelated one, etc.

Companies with signficant cross border transactions will often establish Advance Pricing Agreements (name varies by country) with their fiscal authorities.

[[Category:Business]]
[[Category:Finance]]

Transfer Pricing

2007-10-05T17:59:30Z

TraJSmith:

'''Transfer Pricing''' is the setting of prices between two related companies in different countries. Transfer pricing is always of concern to government fiscal authorities, as improper transfer pricing can result in shifting profits from one country to another.

Consider a company in Country A which ships a product that cost $80.00 to a sister company in Country B. That company adds $20.00 of value to the product and sells on to the customer for $125.00

Suppose Country A has a much lower tax rate than Country B. The company would sell the product to its sister company for $125.00. That way the corporate group would realize a profit of $45.00 in the low tax country and zero in the high tax country.

The best argument for any transfer price is the "arms-length rule". If the company in Country B could buy the same product from an unrelated company for $100.00 that would be an easily established and defendable transfer price. IN the absence of such examples, many other factors must be considered such as margins in both countries, administrative costs of selling to a related entity vs an unrelated one, etc.

Companies with signficant cross border transactions will often establish Advance Pricing Agreements (name varies by country) with their fiscal authorities.

[[Category:Business]]
[[Category:Finance]]

Equator

2007-10-01T18:18:22Z

TraJSmith:

The [[Equator]] is a line of [[Lines of latitude|latitude]] that goes around the middle of the [[Earth]]. The Equator is equidistant from both geographical poles at all locations along it. It measures 24,902 miles in distance and is represented as 0° of latitude.

The Equator goes through some countries, like [[Ecuador]] (which is named for it) and [[Zaire]], but it does not go through the United States. [[Florida]] is the state closest to the Equator in the continental United States. [[Hawaii]] is closer.

Just as Polaris is almost exactly on the celestial North Pole, the "belt" of the constellation Orion is almost exactly on the celestial equator. If you see Orion's belt is directly overhead, you know you are on the Equator. Early Polynesian seafarers may have used it for navigation.

In the British and U. S. navies, a long-standing naval tradition calls for a fraternity-like initiation ceremony when a sailor crosses the equator for the first time.

[[Category:Navigation]]
[[Category:geography]]

Profit Center

2007-09-27T02:50:44Z

TraJSmith: New page: A profit center is division of a business where there is capability of meauring the Revenue and Expense solely related to that division of the business. The capability is a function of bo...

A profit center is division of a business where there is capability of meauring the Revenue and Expense solely related to that division of the business. The capability is a function of both how business is conducted the sophistication of the accounting system to capture the individual revenues and expenses.

Consider an oil change shop with a car wash attached. The employees of each divison work only for one or the other. The accounting system can separate payroll costs, supplies and inventories for each.
Certain costs, such as ground rent can be reasonable allocated by square feet. In this simple example it would be possible to measure separately the profits of each.

However, complications can arise. Some oil change shops will overcharge for their services, but then provide a free car wash. This would require an accounting mechanism to split out the car wash revenue from that derived from changing oil.

Human nature can make this more complicated than it sounds. Suppose market price in the area was $15.00 for an oil change and $10.00 for a car wash. If the combined price was $25.00, the revenue split would seem to be straight-forward. However, the oil change manager may argue that but for his work, the customer would not have gone to the car wash, and his profit centre should be allocated $16.00 of revenue.

[[Category:Business]]
[[Category:Accounting]]
[[Category:Finance]]

Transfer Pricing

2007-09-27T02:36:12Z

TraJSmith:

Transfer pricing is the setting of prices between two related companies in different countries. Transfer pricing is always of concern to government fiscal authorities, as improper transfer pricing can result in shifting profits from one country to another.

Consider a company in Country A which ships a product that cost $80.00 to a sister company in Country B. That company adds $20.00 of value to the product and sells on to the customer for $125.00

Suppose Country A has a much lower tax rate than Country B. The company would sell the product to its sister company for $125.00. That way the corporate group would realize a profit of $45.00 in the low tax country and zero in the high tax country.

The best argument for any transfer price is the "arms-length rule". If they company in Country B could buy the same product from an unrelated company for $100.00 that would be an easily established and defendable transfer price. IN the absence of such examples, many other factors must be considered such as margins in both countries, administrative costs of selling to a related entity vs an unrelated one, etc.

Companies with signficant cross border transactions will often establish Advance Pricing Agreements (name varies by country) with their fiscal authorities.

[[Category:Business]]
[[Category:Finance]]

Transfer Pricing

2007-09-27T02:35:31Z

TraJSmith: New page: Transfer pricing is the setting of prices between two related companies in different countries. Transfer pricing is always of concern to government fiscal authorities, as improper transfe...

Cost of capital

2007-09-27T02:13:18Z

TraJSmith: Definition was not correct

The '''weighted average cost of capital''' is used by corporations to determine a discount rate for projects that will maintain their stock price and debt coverage.

In simple terms it is the company's expected return on equity averaged with its cost of debt weighted by total debt and total equity. The cost of debt is adjusted by the company's tax rate as debt interest is tax deductible whereas dividends are not.

The calculation becomes complex when considering hybrid instruments such as preferred shares, synthetic leases, etc.

If a company undertakes a project that returns the weighted average cost of capital, it's stock price and cost of debt should remain the same.

[[category:economics]][[category:finance]][[Category:Business]]

Surety bond

2007-09-27T01:40:17Z

TraJSmith: Expanded to include business aspects

A surety bond is normally pruchased by a business and issued by an insurance company to insure the customer that the business will deliver the goods or services they are contractually bound to deliver.

They are often used in construction projects where the contractor will buy a bond that guarantees to his customer that the work will be completed. Should the contractor be unable to finish the contract, perhaps due to bankruptcy, the surety will pay to the customer up to the bond value to have the work completed.

Almost without exception, the surety will have the right to subrogate against the contractor to recover their money.

Surety bonds are often known as Performance Bonds.

Surety bonds may also be purchased by an estate to insure the executor's proper performance. This is also referred to as a "fidelity bond."

[[Category:law]]
[[Category:Business]]

Management of a Corporation

2007-09-25T18:15:34Z

TraJSmith: Boards of Directors, Officers and All that - would appreicate edit by lawyer

There are three classes of management in a formal corporate enterprise: 1) The Board of Directors, 2) Officers and 3) Managers.

The Board of Directors are elected by the Shareholders to provide broad oversight and guidance to the Officers of the Corporation. Boards will have various committees with specific duties, such as the Audit Committee to liaise with the company's auditors, the Compensation Committee to determine the appropriate compensation for various senior managers, and many other ad hoc committees depending upon the needs of the business at the time.

Officers are appointed by the Board of Directors and at least three offices must be held by a minimum of two persons: The President, Secretary and Treasurer. Rules vary by state by state, but the President is generally the senior manager of the corporation. He reports to, and can be replaced by, the Board of Directors. In smaller companies, the Secretary and Treasurer position are normally held by one person, most likely the senior financial person in the business. In larger companies, the position of Secretary is normally held by a lawyer.

The Secretary's duties are to ensure the corporation fulfil's its statutory requirements, and he is also keeper of the corporate seal. If the corporation is required to attest to a certain fact or condition, such attestation will probably be done by the Secretary.

The Treasurer is responsible for the financial affairs of the corporation, including but not limited to banking arrangements, proper filing of financial statements with regulatory authorities, and ensuring management has the timely, accurate and relevant information it needs to run the business.

In Europe, the concept of a corporate officer is not well known. Generally, a corporation will have outside directors (directors who are not employees of the corporation) and inside directors, such as the President. In England, the term Managing Director is often used to designate the President's job, however, terms like CEO and CFO are now commonplace there.

Beneath the officer level, there are managers and supervisors, who, by defintion, accomplish their work through other people. Managment titles at this level mean little.
Many companies have literally hundreds of Vice Presidents, whereas others will have only one. In Europe the title Director implies that the holder is on the board, whereas in America in usually denotes someone between a Vice President and Manager.

The duties of the board and officers are specified in the documents used to incorporate the company, the laws the corporation is registered in and the laws of the jurisdictions in which it operates. Each state in the US has rules for incorporating companies. In Canada, each province has rules and it is also possible for a corporation to obtain a federal charter.

Partnership

2007-09-21T16:17:50Z

TraJSmith:

This word has many meanings. This article contemplates its use to describe a form of business entitiy.

A partnership occurs when two or more individuals formally agree to conduct a business together. Partners do not have to contribute equally to the business nor do they necessarily participate in the profits equally.

A partnership agreement will normally describe:

- The nature of the business to be conducted
- The Capital to be contributed by each partner
- The ongoing duties of each partner
- The division of profits of the partnership
- Formalities for admission of new partners, expulsion of partners,
valuation of partnership interests and what happens upon the death
or disability of a partner

Partnerships are not normally taxed, per se, but partners are taxed on their share of the partnerships profits. A taxable share of profits is can be significantly less that cash received, and this is more likely to be true in the early stages of the business with cash is required to finance working capital and growth.

[[Category:Business]]

Partnership

2007-09-20T18:37:30Z

TraJSmith: New page: This word has many meanings. This article contemplates its use to describe a form of business entitiy. A partnership occurs when two or more individuals formally agree to conduct a busin...

This word has many meanings. This article contemplates its use to describe a form of business entitiy.

A partnership occurs when two or more individuals formally agree to conduct a business together. Partners do not have to contribute equally to the business nor do they necessarily participate in the profits equally.

A partnership agreement will normally describe:

- The nature of the business to be conducted
- The Capital to be contributed by each partner
- The ongoing duties of each partner
- The division of profits of the partnership
- Formalities for admission of new partners, expulsion of partners, valuation of partnership interests and what happens upon the death or disability of a partner

Partnerships are not normally taxed, per se, but partners are taxed on their share of the partnerships profits. A taxable share of profits is can be significantly less that cash received, and this is more likely to be true in the early stages of the business with cash is required to finance working capital and growth.

[[Category:Business]]

Sole Proprietorship

2007-09-20T18:26:28Z

TraJSmith: New page: A proprietorship is the simplest form of business enterprise. It is formed by an individual, and has no legal form apart from the individual. While a proprietorship does not have to be a...

A proprietorship is the simplest form of business enterprise. It is formed by an individual, and has no legal form apart from the individual. While a proprietorship does not have to be an owner operated business, it usually is. Examples of sole proprietorships are many family farms and small shops.

The major advantage of this business from is its simplicity. Disadvantages include the lack of a corporate shield, and the difficulty of managing a business, as it grows and becomes more complex,
as a proprietorship.

[[Category:Business]]

Corporation

2007-09-20T18:15:19Z

TraJSmith:

A '''Corporation''' is a type of business [[company]]. They first arose during the [[Industrial Revolution]], when widespread [[industrialization]] expanded the possibilities for private enterprise. Many corporations are still engaged in heavy industries such as [[refining]] and [[steel]]. The modern world is now dominated by many [[multinational corporation]]s which are involved in diverse industries.

The distinguishing feature of a corporation is that it is a separate legal entity from its owners. It has legal rights and obligations and is taxed on its earnings. When one sues at corporation, it is the business corporation, not it's shareholders, that is party to the suit.

There are many different types of coporations in the United States and throughout the world. In the USA, the two major types of corporations are 'C' Corporations and 'S' Corporations. These names are derived from the tax code. 'C' corporations are traditonal corporations with few restrictions on number of shareholders, ownership of or by other corporations and where they do business. 'S' corporations are, from a tax point of view, proprieterships or partnerships, but are allowed to incorporate to provide a legal separation between the owner and the business.

[[category:economics]]
[[Category:Business]]

Corporation

2007-09-20T18:14:58Z

TraJSmith:

Futures

2007-09-20T18:12:51Z

TraJSmith: Added a little more

'''Futures''' are [[contract|contracts]] that require delivery of a commodity (or currency in the case of the exchange market) of specified quality and quantity, at a specified price agreed upon today, on a specified future date.

There is a large secondary market in futures, meaning they can be bought and sold, much like shares of stock. Futures exist for a wide variety of goods, particularly from the agricultural and mining industries. Futures also exist for currency, but should not be confused with Forward Contracts. The latter are algorithmically priced, whereas Futures prices are strictly market driven.

==Sources==
http://usinfo.state.gov/products/pubs/oecon/chap12.htm

[[Category:Economics]]

Commodity

2007-09-20T04:05:15Z

TraJSmith: This needs a bit more work, but it is a start.

A '''commodity''' in [[economics]] is a [[goods|good]], such as [[food]], [[metal]]s or [[grain]]s, which is interchangeable with similar goods, and which is available in large quantities.

Investors can buy or sell on [[commodities exchanges]] using [[futures contracts]].

More generally, a commodity is any good in a [[competitive]] [[market]].

In general parlance, a commodity is a good where the good supplied is indistinguishable from one supplier to another. A consumer, then, only considers price when making a purchasing decision. In recent years, computers have become a commodity.

[[Category:Economics]]

Conservapedia:Desk/speedy

2007-09-17T18:00:03Z

TraJSmith: Either misogyny, parody or just plain lunacy

{| class="wikitable"
!Immediate Deletion Articles 
[http://www.conservapedia.com/index.php?title=Conservapedia:Desk/speedy&action=edit Add an article]
|-|[[Feminista]]
|-|[[Womens Liberation]]
|[[:Category:Speedy deletion candidates]]

|-
|}

Net Present Value

2007-09-13T18:15:26Z

TraJSmith: Gave example of discount rate - controlled normal desire to be clever

'''Net Present Value''' is a method to estimate the current value of future cash flows.
In its simplest form, Net Present Value applies a discount rate to a future cash flow number and the product is the Net Present Value.

The discount rate may have many components; Internal Rate of Return (IRR), Cost of Capital, Cost of Debt, Risk, estimated inflation and risk.

Suppose you lent $100.00 to Person A. It is to be repaid within one year. You would like a return of 5% on your money you expect inflation to be 2%, and your assessment of risk for this person leads you to add 1% to the discount rate. This means you would assign a discount rate of 8% to this loan. If this person approached you suggesting, I will give you $90.00 today to discharge my loan, you would counter that you needed at least $92.59. (92.59 x 1.08 = $100.00)

Usually a corporation will use a Weighted Average Cost of Capital as a discount rate when NPV is the appropriate method of evaluating an invesment or capital expenditure.

[[Category:finance]]

Interest

2007-09-13T18:03:25Z

TraJSmith: Added a croporate viewpoint

'''Interest''' is the [[cost]] of the use of money over time.

The interest rate is the percentage fee received or paid by individuals or organizations when they lend or borrow money. The formula for calculating interest in Principle x Rate x Time, or I=prt. Prinicple is the amount borrowed or still outstanding, Rate is the interest rate of the loan expressed as an annual amount and time is normally a year, or fraction thereof.

For example, if you borrow $10,000 for your business, then you have to pay interest (say 5%) for using that money. If the loan was for one year the interest payable would be $10,000 x .05 x 1 = $500. If, however, half the loan was repaid in six months, the interest payable for the
year would be:

(10,000 x .05 x 6/12) +
(5,000 x .05 x 6/12) = 375 for the year.

Interest rates have three main componets. One is inflation. Any interest rate must be at least the rate of inflation, or the money will be worth less when it is repaid than when it was lent. Another component is risk. Borrowers who are perceived to be a higher risk will be charged a higher interest rate. This allows the lender to recoup his losses from the higher risk borrowers who default via the excess received from those who don't. The final component is the true cost of money. This is more theroetical then practical. However, risk free debt instruments during periods of no inflation often have a rate of 3%.

There are many different [[interest rates]], but the benchmark interest rate—or overnight target rate—is set by the Central Bank of a nation typically. A change or expected change in this rate will lead to changes in other interest rates.

[[category:economics]]
[[Category:Finance]]
[[Category:Business]]

Promissory note

2007-09-10T18:20:32Z

TraJSmith:

A '''promissory note''' is a written promise by someone to pay a specific amount of [[money]] by a certain date. It is the formal name for an "I.O.U."

For example, a bank will require a promissory note in exchange for loaning someone money, and the promissory note will specify how that money must be repaid.

Such terms of repayment will inlcude interest rate, frequency of payments, any penalties regarding late or early payments, and how the principle of the loan is amortized.

[[category:accounting]]

Net Present Value

2007-09-10T18:17:28Z

TraJSmith:

Net Present Value is a method to estimate the current value of future cash flows.
In its simplest form, Net Present Value applies a discount rate to a future cash flow number and the product is the Net Present Value.

The discount rate may have many components; Internal Rate of Return (IRR), Cost of Capital, Cost of Debt, Risk, and so on.

Let's consider a simple example. Suppose, ignoring Shakespeare's advice I lent $100.00 each to two friends of mine, due one year from today.

One friend calls up and asks me how much will I accept from him if he pays today. Because I am getting currenlty getting 5.27% on my invesments, and this fiend is almost risk free (he is conservative) I tell him I will accept $95.00. This $95.00 is the Net Present Value of the $100.00 owed to me. The discount rate I used was my IRR.

My other friend, a Wikipedia editing liberal also owes me $100.00 one year from now. Fearing he will contribute all his money to left wing candidates in the upcoming election, I call him and tell him I will clear of his debt if he gives me $90.00 today. My discount rate, now 10%, includes the original IRR but also an additional factor for risk.

Note then, that while the lender (me) and the product (money loan) remained the same, the discount factor, hence present value, can and will change.

[[Category:finance]]

Net Present Value

2007-09-10T18:17:04Z

TraJSmith: New page: Net Present Value is a method to estimate the current value of future cash flows. In its simplest form, Net Present Value applies a discount rate to a future cash flow number and the produ...

Self Insurance

2007-09-07T03:03:37Z

TraJSmith: New page: Self Insurance describes a decision, normally by a corporation, not to insure a particular risk. Put another way, self insurance means no insurance. For example, a company may make a dec...

Self Insurance describes a decision, normally by a corporation, not to insure a particular risk. Put another way, self insurance means no insurance.

For example, a company may make a decision not to insure for collision damage for company owned vehicles. In such a situation an analysis was probably done that paying for individual collision damage as it occurs is less expensive than buying an insurance policy to cover it.

For example, a company may determine that its annual collision damage on company owned vehicles is $120,000 but the insurance to cover this risk costs $130,000. The decision is then made to self insure. Normally, a company would accrue $10,000 per month for self insurance for collision damage. In the US, such an accrual would not be deductible for tax purposes, although the actual damages paid for would be.

Companies may also self-insure their health insurance plans for employees. Uusually, they will use a Third Party Administrator or TPA to administer the claim administration for such a plan. The company will also purchase a "stop loss" whereby an insurance policy will cover claims above a certain amount for either an individual's claims or total claims for the company.

[[Category:Business]]
[[Category:Finance]]

Forward Contract

2007-09-06T18:25:15Z

TraJSmith: New page: A forward contract is an agreement between two parties to, at a future date, exchange a good at an agreed price. A very common, but not universal, meaning of the term is where a business ...

A forward contract is an agreement between two parties to, at a future date, exchange a good at an agreed price. A very common, but not universal, meaning of the term is where a business will enter into a forward contract with a bank to purchase a foreign currency on a future date.

Suppose a US company is going to import a product from Canada. Delivery is expected in three months, with payment due to the supplier thirty days after. The importing US company may enter into a forward contract to purchase the requuired amount of Canadian dollars in four months. This protects the importing company from the risk of a rising Canadian dollar during the period between contract agreement and payment due. However, it will also prevent any unexpected profit that would occur in the same period were the Canadian dollar to fall.

There is no secondary market for forward contracts. The price of foreign currency contracts is determined mathematically based on the difference in interest rates between the two countries.

[[Category:Business]]
[[Category:Finance]]

Saskatchewan

2007-09-05T17:37:02Z

TraJSmith: put CCF as original name of NDP

The name '''Saskatchewan''' is derived from the Cree word kisiskâciwanisîpikikimasiy meaning ''swift-flowing [[river]].'' Saskatchewan is the middle of the three prairie provinces of [[Canada]] between [[Alberta]] and [[Manitoba]]. It has a size of 227,134 square miles or 588,276 square kilometers. Saskatchewan started to grow when the [[Canadian Pacific Railway]] was built in the early 1880's and was founded as a province out of the Northwest Territories until 1905.

Saskatchewan's geography includes [[prairie]]s, tree-covered [[plain]]s, [[forest]]s, and [[taiga]]. The climate is continental, characterized by large seasonal [[temperature]] ranges and low [[precipitation]]. It is one of two completely landlocked Canadian Provinces. European contact with Indian peoples occurred during the [[fur]] trade era, and increased when agricultural settlement began in the late 19th century. In the early 20th century, that settlement history produced a largely agrarian population concentrated on [[farm]]s and in communities across the prairie.
In 2006, provincial Gross Domestic Product was over $36 billion. Agriculture is still a large part of the economy and wheat has been its primary agricultural export, but many farmers are increasing production of canola. Manufacturing, mining, petroleum also make up over 20% of the economy. [[Mineral]] resources include world-class deposits of [[potash]] and [[uranium]] as evidenced by cities with names like ''Uranium City''.

Saskatchewan has been one of Canada's more left-leaning provinces, because of the largely rural population where many people work independently of large capital. In 1944 [[Tommy Douglas]] became the first overtly socialist premier of any regional (state or provincial) government in North America. The New Democratic Party, originally named the Co-operative Commonwealth Federation, was born out of Saskatchewan, and Douglas was it's first federal leader.

The 2006 population of Saskatchewan was 985,000 people. It's largest city is [[Saskatoon]] at 202,000, followed by [[Regina]], the provincial capital with 180,000 people. The cities then get much smaller with only two having more than 30,000 people; Prince Albert has 34,000 people while Moose Jaw has a population of 32,000.

[[Category:Canada]]

== External Links ==
* [http://www.sasktourism.com/ Tourism Saskatchewan]

User talk:TraJSmith

2007-09-05T17:25:46Z

TraJSmith: Verb to Noun

{{welcome|sig=[[User:Learn together|Learn together]] 11:26, 22 August 2007 (EDT)}}

Howdy. Mind if I move [[Normalize]] to [[Normalization]]? I prefer nouns to verbs. --[[User:Ed Poor|Ed Poor]] [[User talk:Ed Poor|Talk]] 20:25, 3 September 2007 (EDT)

== Verb to Noun ==

Ed,

Go ahead, it is probably better.

--[[User:TraJSmith|TraJSmith]] 13:25, 5 September 2007 (EDT)

Talk:Essay:Liberal Behavior on Conservapedia

2007-09-05T02:44:10Z

TraJSmith: /* Over-reliance by liberals on mockery rather than logical argument. */

What I really can't understand is why is there so much focus here on Conservapedia slamming liberals? This website is advertised as conservative - why not focus more on furthering your own arguments and agendas as opposed to ridiculing others? The [[Deceit]] article is a prime example of this. You present that article as if liberals are the only people capable of deceit. How is this socially responsible?

It would seem that [[Mockery]] is just as much a part of some Conservatives arsenals as it is the Liberals. As both a Christian and a Conservative, I despise deceit and mockery as being the tools of a weak mind. Opinion is just that but facts are golden. [[User:Trashbat|Trashbat]] 19:29, 1 May 2007 (EDT)

Granted, I'm sure you could point out websites where liberals in turn do the same things to conservatives. I am not trying to say conservatives are bad people. I just don't think you advance your point of view very effectively by slinging mud - bolster your own viewpoints instead. --[[User:Colest|Colest]] 19:27, 1 May 2007 (EDT)

:I agree, this site has a clear agenda to ridicule liberals. Perhaps you should rename this site to www.antiliberalpedia.com--[[User:Sm355|Sm355]] 19:31, 1 May 2007 (EDT)

Even as a sysop, I'm a little uncomfortable with implying that all liberals are deceitful, given that my mother is liberal. [[User:DanH|DanH]] 19:32, 1 May 2007 (EDT)

::Dan, I feel that you are far from alone in your concerns about the direction this site is taking. Your mother's liberalism notwithstanding, the unsourced, extreme and unnecessary criticisms of liberalism do seem to be a case of the lady protesting too much. I suggest that you resign your status until the owner and panel are more clear about what they want this place to '''be'''.--[[User:Olly|Olly]] 19:39, 1 May 2007 (EDT)

:I'm liberal, and I find it quite amusing, reminiscent of our old friend Richard. As for the second point brought up in this article; for commandment 3 to be enforced, we would have to delete [[Homosexuality]], [[Heterosexuality]], [[Procreation]], [[Fornication]], and [[Bisexuality]]. --[[User:Hojimachong|'''Hojimachong''']][[User_Talk:Hojimachong|talk]] 19:34, 1 May 2007 (EDT)

Looks like someone beat you to it to [[Bisexuality]] ; ) [[User:Trashbat|Trashbat]] 19:36, 1 May 2007 (EDT)
:That wasn't me, it was [[User:Ed Poor|Ed]] ;-). --[[User:Hojimachong|'''Hojimachong''']][[User_Talk:Hojimachong|talk]] 19:38, 1 May 2007 (EDT)

And there goes Fornication! Two down, three to go. [[User:Erasmus|Erasmus]] 17:58, 3 May 2007 (EDT)

I dunno...seems a whole lot lot of discussion (and articles) that say liberals believe this, and they are stupid for doing so. Let's face it, a lot of times political discussion disolves into personal name calling. In your article you generalize about liberals, but take this into consideration: the liberals on here who don't break commandments, contribute to articles, show intelligence, and help make this a better site probably aren't noticed (or at least singled out as liberals). It's easy to take the lowest common denominator and say it's representative of the whole. [[User:Czolgolz|Czolgolz]] 14:20, 4 May 2007 (EDT)

== Sir... ==

Do you see neither the danger in, nor basic wrong-headedness of, sweeping generalisations re. a particular group's character and "typical" behaviours?

The historical precedents for such modes of talk are unfortunate, to say the least. The Jew, the Negro, the Bourgeoisie.....all have been fastened with a similarly reductionist pin at one time or another. Whilst I'm sure you would wish to join with me in condemning this ignoble tradition, your words have a resonance that does you no credit.

If this site attracts ridicule, then you must ''at least consider the possibility'' that this is because it ''deserves'' it. You have an opportunity here to shape how the wider world perceives your particular branch of Christianity. Unless your intent was to create a general impression of mean-spirited and contrary<ref>''kuhn-'''trair'''-ee'' - perverse; stubbornly opposed or willful. http://dictionary.reference.com/search?r=2&q=contrary</ref> zealotry, then it is one you have singularly failed to grasp.

<references/>

--[[User:Robledo|Robledo]] 13:15, 4 May 2007 (EDT)

----
I put what I've put at another place on CP, with some additions:

Wouldn't it be nice if we started from the assumption that all people are good-natured and mean well, rather than starting from our preconceived notions of what we expect people to act like? After all, there is a political spectrum, there are people who don't consider themselves as "strongly liberal" or "strongly conservative," and who remove themselves from the political system because of the bickering between the extremes on both sides. Furthermore there are anti-abortion anti-gun law folks out there. In the words of Barack Obama: "The pundits, the pundits like to slice and dice our country into red states and blue States: red states for Republicans, blue States for Democrats. But I've got news for them, too. We worship an awesome God in the blue states, and we don't like federal agents poking around our libraries in the red states. We coach little league in the blue states and, yes, we've got some gay friends in the red states." Not every person neatly fits into one category or another. That we start out with an assumption that person will act or believe because of a label is truly sad (shame on all of us), and worse, if we start with a label on ourselves and create our belief system with no internal introspection, that is far more sad. God or nature wouldn't haven't given us brains if we weren't to use them.

And continuing: This should be required reading for all new contributors here. Let all the newcomers, of whatever political persuation, decide whether they really want to be a part of this project. [[User:Sterile|Sterile]] 21:40, 6 May 2007 (EDT)

: I can't imagine the content page genuinely offending anyone. But offense or not, behavior can and should be scientifically studied. We have hundreds of journals publishing papers on behavior about every aspect of society. What's wrong with studying liberal behavior? I wouldn't object to a study of conservative behavior, styles of arguing, conduct on a website, etc. In fact, I'd welcome it, because we can all learn from it and improve.--[[User:Aschlafly|Aschlafly]] 21:51, 6 May 2007 (EDT)

::Since this is a scientific study, I’d like to know a bit about your methodology.
::How did you identify which users were liberal? What was your classification system? How many posts did a user have to make before being included in the study? Did you compare liberal users to conservative users? How many users had to exhibit a behavior before it was classified as a liberal behavior? What percentage of all users did your study include?--[[User:Reginod|Reginod]] 09:13, 7 May 2007 (EDT)

*If it looks, walks like a duck, and quacks like one, I know it is a duck. Same for Conservative's and Liberal's. It is a pretty common sense deal, no? --[[User:TK|Sysop-TK]] [[User_talk:TK|/MyTalk]] 09:21, 7 May 2007 (EDT)
::I’m going to go with “no”. There is a much larger political spectrum than liberal or conservative, and, aside from the problems inherent in trying to confine a multiplicity of views to a bipolar spectrum, people can and do hide their true political leanings. --[[User:Reginod|Reginod]] 09:40, 7 May 2007 (EDT)

Who said anything about criticizing anyone? I'm just saying that it's obvious to me that the management has already judged the editors on this site, not by their edits, but by their political persuations. I'm embarrased for Conservapedia that this essay even exists. If you can't see the problem with this essay, then you are blinded by your own views. (And sure, go ahead, block me. At this point I don't know why any person--conservative or liberal--would truly want to continue to edit here, if the management is this biased. Conservapedia is doomed if it isolates its volunteer editors.) [[User:Sterile|Sterile]] 08:34, 7 May 2007 (EDT)

== The 6-times criticism ==

Well, I would say it's because Wikipedia isn't supposed to be biased. However, I won't start an argument. --[[User:Linus M.|Liπus the Turbohacker]]([[User talk:Linus M.|contact me]]) 22:10, 6 May 2007 (EDT)

== Wow ==

What an extraordinary essay. I realise that everybody is ideologically blinded to a certain extent, but I've seen it on Conservapedia to an eye-opening extent. Frequently 'Liberals' are accused of things that the accusor themselves has done, or has tacitly approved others doing. I could go through the whole list and provide instances of Conservatives doing exactly the same things as Liberals have been accused of doing, but that would be tedious. So I'll just concentrate on a few instances.

* Are Liberals more aggressive than Conservatives (point 1)? Increasingly I've seen sysops using veiled threats along the lines of 'Don't post here again if you know what's good for you'.

* Point 11 states that Liberals cite authorities to support their point of view rather than citing evidence. However, all of the articles regarding matters relating to YEC cite almost exclusively from websites such as creationwiki or answersingenesis. Only this morning I objected to a reference in the Wombat article which didn't at all address the issue it was supposed to be supporting; this has now been changed, and now the citation is for an essay which says that a land bridge ''might'' have existed between Europe and Australia without providing any evidence. Although I suppose in accordance with point 4, these editors who are claiming to be Conservative and making these dodgy links are probably actually just Liberals.

* Point 6 appears to be suggesting that Liberals are frequently deceitful, without noting that Conservatives are often deceitful themselves, for example in the case of point 7 which claims that Liberals are objecting to the banning of obscenity rather than objecting to the rather arbitrary notions of what constitues obscenity here.

* The claim that this was a scientific study is either deceitful (point 6) or an inability to provide citations and proper methodology for the study (possibly violating point 11) or maybe even a failure to rely on logic (point 5)

[[User:Chrysogonus|Chrysogonus]] 17:06, 7 May 2007 (EDT)

*

== Almost no liberal admits he's a liberal. ==

"Almost no liberal admits he's liberal, or that he holds a liberal belief, or that he is using a liberal argument. More often a liberal will claim to be a conservative, and try to make a liberal argument sound better with the preface, "Well, I'm a conservative, but I support gun control!" But why are so many people embarrassed to admit they are liberal???" Maybe that is why americans ''self identify'' (read: admit to being) as conservative 2:1 over liberal, but vote within a few percent every election. --[[User:CPAdmin1|Tim (CPAdmin1)]][[User talk:CPAdmin1|talk]] 23:47, 12 May 2007 (EDT)
:I'm a liberal, and not embarrassed to "admit" it. "Almost no liberal"? I guess you don't read the [[Nation (magazine)|Nation]]. And I certainly would not try to make a point by "pretending to be a conseravative"! Back up your claims! [[User:Human|Human]] 00:17, 13 May 2007 (EDT)
::I was just making another point against the wikipedia 6 times as liberal thing. --[[User:CPAdmin1|Tim (CPAdmin1)]][[User talk:CPAdmin1|talk]] 00:18, 13 May 2007 (EDT)
:::Let's just get real here, and realize that since most liberals are scared to say they izz one, the 3:1 ratio at Wp '''really''' means a 12:1 ratio, and Wp is 57 times as liberal as the American public. But ''[[scared|afraid]]'' to admit it! [[User:Human|Human]] 00:51, 13 May 2007 (EDT)
:::I also see your point, Tim, the trouble is one could argue that it's the moderates who even out the election. If one wanted to ignore the unpopularity of the term "liberal" (I think many started using "progressive" when "liberal" was at its nadir.) [[User:Human|Human]] 16:33, 13 May 2007 (EDT)

==Denial==
The latest entry is very good, and there's no end to examples. My favorite: liberals claim right and wrong cannot be defined, yet never cease to accuse people of hypocrisy. [[User:RobS|RobS]] 22:43, 24 May 2007 (EDT)
:Yet hypocrisy is simply saying one thing and doing another[http://en.wikipedia.org/wiki/Hypocrisy] - so where do right and wrong figure in?

== #15 ==

Am I the only one who sees the irony here? [[User:Masterbratac|Masterbratac]] 17:34, 13 August 2007 (EDT)

: You may be the only one who doesn't realize that was added by an apparent [[liberal]], User:Conservinator, blocked soon afterwards on June 14th. Then look at point #13, which is appropriate.--[[User:Aschlafly|Aschlafly]] 17:49, 13 August 2007 (EDT)

::If it's inappropriate and the editor who added the point was blocked, why is it even there? Also, it would be nice if the data on "liberal edits" were easily accessible. (That part isn't really related to this, though) [[User:Masterbratac|Masterbratac]] 17:57, 13 August 2007 (EDT)

:::You know, reading number 13, if I recall, Jimbo never did take action, and stood behind Essjay. It was Essjay himself who finally resigned because of the public pressure. [[User:RobS|Rob Smith]] 18:10, 13 August 2007 (EDT)

::: Masterbratac, in response to your question, that was the apparent liberal's only edit that was not reverted, perhaps because the Sysop who did the blocking felt it was only an essay.

::: But why do you blame Conservapedia for this? You were fooled by an apparent [[liberal]], not by a [[conservative]]. Conservatives generally don't get a thrill out of deceiving others. Life is much easier (and more just) when one is not surrounded by [[deceit]]. It really is.

::: FYI, you can view the history of any page and then see who inserted each change.--[[User:Aschlafly|Aschlafly]] 18:12, 13 August 2007 (EDT)

::::I didn't "blame" anyone. I merely pointed out the irony of the statement. I don't see how noticing this translates into being fooled. As to the last point, knowing the username of an editor would not necessarily tell me whether that editor is conservative, liberal, or somewhere in between. In this particular case it might, but only if I realized that the name was derived from the word "terminator" - which I didn't, until I read it several times. [[User:Masterbratac|Masterbratac]] 18:39, 13 August 2007 (EDT)

::: Masterbratac, let's be frank. Your comment, "Am I the only one who sees the irony here?", was a negative and critical one. It's no big deal. You were fooled by an apparent [[liberal]]. We all have been. Just recognize it. Then ask yourself, what else are liberals fooling me about? I've been fooled too, but then I learn from it. Think of the famous expression, "Fool me once, shame on you. Fool me twice, shame on me." Godspeed.--[[User:Aschlafly|Aschlafly]] 18:44, 13 August 2007 (EDT)

::::How was I fooled? What did the editor fool me into thinking? Did I say anything other than that the statement was ironic? [[User:Masterbratac|Masterbratac]] 18:48, 13 August 2007 (EDT)

::::: Masterbratac, please suit yourself. If you don't think you were fooled, then so be it. I believe in free will. Godspeed.--[[User:Aschlafly|Aschlafly]] 18:50, 13 August 2007 (EDT)

== Over-reliance by liberals on mockery rather than logical argument. ==

A conservative friend of mine suggested that I listen to Rush Limbaugh, who most folks, I assume, would place firmly in the conservative camp. I am a liberal.

If the LBR (Lying Buffoon Rush)(More on this Later) is typical of conservatives, I would suggest that your camp places much more store in mockery.

Constant references to John Edwards as "The Breck Girl" along with many implications that he is effeminate, "Dingy Harry", "Leaky Leahy" and anyone who talks to Mrs. Clinton must submit to the "Testicle Lockbox" are perfect examples of his sophomoric mockery.

I now make a point of going to Limbaugh's web site once a week or so and send an email to my friend pointing out the lies, half-truths and just general immature ranting the he treats his alarmingly high audience too. In deference to his never ending nicknames for some people I believe he should have one to. Lying Buffoon Rush, or LBR seems appropriate.

My friend, by the way, in addition to being conservative is a deeply religous man, which I am not. So, on most social issues we are a long way apart. What is interesting is we agree almost 100% of the end point on any social issue but disagree almost 100% on how to get there.
I reckon the important point, though, is we keep talking. But for the fact that he is a good Baptist, we would probably go for a beer afterwards!!--[[User:TraJSmith|TraJSmith]] 22:59, 3 September 2007 (EDT)

*Your post caused me to remember why Air America failed: Liberals, in general, have no real sense of political humor! What you have failed to come to grips with is that Limbaugh is an entertainer first, political commentator second. His show, since I began listening to him in Sacramento, California, way before he was ever syndicated, has always been more about poking fun at ourselves, as well as Liberals. What others take as pomposity, is Rush "doing" a modified "Ted Baxter" impression. If you are too young to remember who Ted Baxter was, see the old Mary Tyler Moore show....the original one, set in Minneapolis. --[[User:TK|şŷŝôρ-₮K]][[User_Talk:TK|Ṣρёаќǃ]] 04:48, 4 September 2007 (EDT)

: TraJSmith, thanks for your comments and other edits. You make a valid point here, but TK rebuts it well. Rush is primarily an entertainer, and he seeks to build his audience among non-conservatives who like mockery. You seem to have taken to it yourself, and come up with mockery in response!

: As intelligent as you are, TraJSmith, I'd encourage you look beyond entertainment for answers. A start might be to consider why you (probably) oppose allowing students to begin a class in public school with a prayer. There is little doubt that prayer is helpful to students, yet liberals oppose it with a vengeance in the classroom, the font of knowledge. That contradiction in liberal thought leads to many other contradictions and even deceit, I'm afraid.--[[User:Aschlafly|Aschlafly]] 08:44, 4 September 2007 (EDT)

Reckon I have to disagree with both of you.

Sure, it is fairly easy to tell when Limbaugh is being overly pompous for the sake of humor, or spinning the facts rather than prevaricating. I think he tells the worst kind of lies, being half-truths. I am not going to provide a long list now, although that would be possible. In terms of liberal humor, I suggest you try John Stewart, who exclusively pokes fun at the powers-that-be, without any attempt to present himself as a “truth-telling machine.” Another interesting thing about Stewart is when he interviews folks from the other side, is always respectful.

By the way, TK, not only am I old enough to remember MTM, I remember her as Mrs. Laura Petrie. Indeed, as another pal of mine says, “I’m so old, I remember when Joni Mitchell was good”

Andy, I must disagree with you as well. I gather my news primarily though The Economist (slightly right of center), the New York Times and NPR (both slightly left thereof.) To be sure, this does not make me the best informed man in America, but I would suggest I am better able to detect irony and sarcasm better than the average ditto-head. I will drop the appellation LBR when I no longer constantly read of the Breck Girl.

You are correct, though, in that I am against school prayer. A moment of silence when students would be allowed to pray silently is fine. Similarly, I am against having every church service begin with a plea from a scientist to reconsider evolution. Religion and Churches fill an important role in our society and should not be discouraged. However, education is equally important. The rules of phonics, and the inability to divide by zero apply regardless of your conception of God. While there is conflict between, say, YEC’s and geology and biology, I have faith (!) that kids will ultimately resolve the conflict. After all, we love our parents and at some point we realize they weren’t always right.

Enough for now. Let me figure out how I can write a brief analysis explaining Deferred Tax Credits to non-accountants.
--[[User:TraJSmith|TraJSmith]] 22:44, 4 September 2007 (EDT)