Monday, April 16, 2007


I'm 200 yards from the Gulf of Mexico (Orange Beach, AL) attending a conference of the Society of Business, Industry and Economics. Fellow Austin Peay professor Taylor Stevenson and I presented a paper on market ramifications of sports betting. Among other interesting papers that I heard today was one on the immenence of XBRL--and not only for the SEC--the IRS is also considering this for corporate taxes. Much more on this topic Thursday or Friday.

Two additional comments today: [1] congratualtions to all the practicing CPAs who have been working so hard on audits and taxes for the last several months. The worst is virtually over; [2] sympathies to anyone associated with victims of the Virginia Tech murders--the thought of a gunman coming in and killing 3o defenseless students and faculty is TRULY frightening.


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