I still recommend the

I still recommend the Starwood American Express as the best mileage earning credit card, but some folks still insist pigheadedly that they want a United Mileageplus Visa. For those folks, I include a link to the best bonus offer going on that card: 10,000 miles with first purchase, $25 discount coupon (virtually worthless, since it can’t be used on internet purchases), and a 1,000 mile upgrade coupon (good only on full fare unless you have flown more than 25,000 with the airline and have status).

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American AAdvantage is offering

American AAdvantage is offering 5,000 bonus miles for signing up with AT&T Wireless service — or up to 25,000 miles for five lines of service. AAdvantage and AT&T are also offering a sweepstakes. Through Nov. 15, anyone who makes an international call using their AT&T wireless service will be entered for a chance to win 1 million AAdvantage miles. Come to think of it, someday I should probably do an exhaustive search and analysis of the different cell phone for miles deals out there. Don’t have the mental energy for it today…

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Earn 10,000 American

Earn 10,000 American Airlines miles per year with BankDirect. This one is a bit tricky, because there are fees below the minimum balances. If you can keep the minimum balance in your account, this could be lucrative.

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Netbank is offering

Netbank is offering Priority Club points for new savings accounts. There’s no account fee. Just deposit $250 and leave it for a month. There are no fees. You’ll earn 10,000 Priority Club points. You are then free to cancel the account without penalty. Combine that with the 10,000 mile bonus for the free Priority Club Visa and you now have 20,000 points. That’s a couple of hotel nights or 5,000 frequent flyer miles in your choice of 19 different airline programs.

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US planning to

US planning to recruit 1 in 24 Americans as citizen-spies. That’s a higher percentage of citizen informants than the former East Germany through the infamous Stasi secret police. (Thanks to Damon Chetson for the link.)

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Some tentative thoughts on accounting

Some tentative thoughts on accounting scandals. Charles Oliver asks if current US accounting scandals mean that the US in 2002 is like Japan in 1989. I have some fears that he may be right. Japan soared for a long time on a mistaken belief about the health of its companies and economy. It turned out that the books were cooked. Japanese accounting rules allowed companies to take bonds and split them between principal and interest (coupons and zeroes) and value the two parts equally. Of course, they weren’t equally valuable. So companies would sell the more valuable piece for a paper profit, and keep the less valuable piece on their books at above market value. Companies were hiding losses and pretending to show profits in this way for decades. At the time, analysts in the…

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