Something of interest
********SOURCE **** CNN NEWS
Clinton Proposes New Ways To Fight Drugs PUEBLO, Colo.
(AllPolitics, Sept. [Bill Clinton] 11) -- President Bill Clinton
responded to recent Republican attacks on his administration's drug
record Wednesday, warning states to test prisoners and parolees for
drugs or risk losing federal funds for prison construction.
The president was on a four-day swing
through the west, traveling from Colorado to the traditional
Republican stronghold of Arizona. It was his first campaign trip to
Arizona, a key battleground state he ignored in 1992 and lost to
George Bush by just one percentage point. Clinton used his speech
in Pueblo, Colo., to defend his record on drugs and deliver new
proposals for fighting the problem. Citing statistics that show
two-thirds of men in state prisons have substance abuse problems
and the likelihood that parolees will return to drug use, he
connected drug use with violent crimes. "No matter how tough our
penalties, no matter how many new prisons we build, we will never
break this problem until we break the cycle of crime and drugs,"
Clinton said. "Illegal drugs are a significant force behind the
vast majority of violent crimes in this country, and a big part of
the problem with juvenile crime," he said. The president urged
states to conduct drug tests on their prison inmates and parolees
and to provide rehabilitation aid. He announced that the Justice
Department would give states $27 million to provide drug testing and
intervention programs. He also suggested that he would push for
legislation that would withhold money to build prisons from states
that did not comply. "We are prepared to continue to use funds from
our crime bill to help you build your prisons," Clinton said.
"But if you want that money, you now must start drug testing
prisoners and parolees to break the cycle of crime and drugs."
Clinton has been under sharp attack by Republican rival
Robert Dole for neglecting the growing use of drugs by teenagers,
and the Clinton campaign has responded with ads answering the
Republican TV spots.
*********WASINGTON POST Sept 11th
Aides in both campaigns said they expect this thrust and parry
over drugs to develop into a major battle, and both sides are
now broadcasting television ads that try to out tough each
other on the issue.
Dole and Clinton come to the contest with mixed records on
anti-drug matters, according to law enforcement experts. But behind
the claims and counterclaims, the battle is as much
about perceptions of the candidates' moral character as about who
has done the most to fight drugs or will in the future.
Clinton has clearly been leary of the `soft on crime' critique
from the beginning to the point that on some issues, like the death
penalty, he is closer to the Republicans than to many
congressional Democrats," said David D. Cole, a professor of law
at Georgetown University.
Ironically, this has made drugs more of an issue, not less, in
this campaign.
"For a Democrat, Clinton is well-defended on crime issues
generally, having passed a tough anti-crime bill in 1994 and having
rallied a lot of police support for gun control measures,"
said Sharpe. "And so to press the usual Republican soft-on-crime
attack Dole has zeroed in on drugs as Clinton's vulnerability in
this area."
Sharpe said Clinton has left himself vulnerable to Republican
attacks on a number of fronts. In addition to the cuts in the drug
office Clinton reduced some interdiction efforts and put
greater emphasis on treatment programs at home and efforts to halt
the production of drug crops overseas. Moreover, Sharpe said Clinton
did not speak out as often or as forcefully
on the issue as his Republican predecessors, especially during
the early part of his term.
Moreover, some on the White House staff had such a recent history
of drug use that a special testing program was created to satisfy
Secret Service concerns over security clearances.
Dole has promised that nothing like that would happen in his
administration, although his campaign does not require its employees
to reveal prior drug use and has only an unwritten zero tolerance
policy" toward current drug use, according to Christina Martin,
the campaign's deputy press
secretary. But the Dole campaign has found perhaps its most potent
political symbol in several recent studies showing that the use of
drugs, primarily marijuana, has more than doubled
among adolescents since 1992, the year of Clinton's election.
******** me again
I have a theory that sounds a little naive but I watched the same
thing with Invision Technolgies the morning after the TWA tragedy.
It looked attractive the next morning despite a gap of 1 1/8. I got
in for the next $10, it eventually went to + $30. CNN and the like
were running pictures of the state of the art bomb detection equipment
for weeks.
I think your average American will like the idea of drug free
prisons but will doubt it has any hope. Though I question Dole
will make much headway beating up Clinton on drugs I think he'll
continue and the presidential response will get covered and
examined. I'm hoping Dan Rather will look into how this could
be implemented.
Stock has received no attention from the recent head lines--- price
flat at $7 on lower than normal volume. In fact volume has been
really low for 6 weeks now with a positive trend. I'm no chartist
but it appeals to me.
To add to your discussion a friend has a Bloomberg reporting Wayne
Huizenga has four other family members in the stock with no sales
since spring '94 when he curbed the total family position 10%
leaving holdings at 2 million shares. There have been no other
insider sales of substance. Earnings tracked only by Nelson
with one estimate calling for a '97 P/E of 57 aftr .12 /share
for '96. Two analysts covering. Institutional interest rose 14%
last qtr to 8%.
There is a lot to find on this co. with an Alta Vista search.
I posted a summary in misc.invest today.
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