| Articles for January 23, 2008: |
| The Municipal Bond Insurers Crisis – Part I |
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 The potential downgrading among at least eight bonds insurers has caused a flurry of media speculation. MBIA and Ambac are leading the pack in attempting to ward off potential credit-rating downgrades. The announcement that at least six triple–A rated guarantors have a shortage of capital has caused a loss of confidence and falling stock prices for the firms in question.
To read the full article, please click on Full Article below. |
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| The Importance of Budgeting for Utilities |
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Many utilities do not have a formal budgeting program, because utility budgeting is not generally required. But a sound utility budgeting process offers many benefits.
Why take the time to budget? In a big-picture sense, the structure of a budget increases management's accountability for the performance of the utility. Further, establishing a sound budgeting program will help you manage five mission-critical areas.
To read the full article, please click on Full Article below. |
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CIRCULAR 230 DISCLOSURE:
To ensure compliance with U.S. Treasury Department Regulations, we are required to advise you that, unless otherwise expressly indicated, any federal tax advice contained in this communication, including any attachments, is not intended or written by us to be used, and cannot be used, by anyone for the purpose of avoiding federal tax penalties. |
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