Spring 2010 issue of Horizons

Chairman’s Corner

The Next Decade By James G. Castellano, CPA

If you are like me you must be wondering, “How is it possible that the first decade of the new millennium has already passed?” Weren’t we just fretting over the looming disasters posed by Y2K? Sure, I know as one grows older that time has a way of slipping by and changes occur at an ever-accelerating pace. But can it be true that 10 years of the 21st century have come and gone? As we look back now in 2010 on the events of the past decade, we could not have predicted the world events that impacted many in the world in some way: • Invasions of Iraq and Afghanistan • Space Shuttle Columbia disaster • Hurricane Katrina, Asian tsunamis and the devastating earthquake in Haiti • Extraordinary technological advances • Madoff and other scandals • Global financial crisis • S&P 500 hovering around 1100, about 25 percent less than at the start of the decade • September 11 • Enron, Worldcom and Sarbanes-Oxley

5 u spring 2010 issue