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Strategies & Market Trends : Stocks Crossing The 13 Week Moving Average <$10.01

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To: James Strauss who wrote (11261)	7/11/2002 6:09:22 PM
From: xcr600	Read Replies (1) of 13094

US Senate still controlled by Corporate Interests: "4:03pm 07/11/02 Senate buries stock-option expensing reform By Rex Nutting The Senate killed without a vote a proposal by Sen. John McCain, R-Ariz., that would require companies to account for the costs of stock options grants in their quarterly and annual reports. McCain promised that he would not rest until the Senate votes on the issue. McCain said current accounting of stock options has misallocated capital toward high-tech firms and amounts to just another accounting lie. Killing McCain's amendment to the accounting reform bill was a top priority of the U.S. Chamber of Commerce and high-tech lobbyists."

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