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Pastimes : R. Harmon's Earth 101 -- Ignore unavailable to you. Want to Upgrade?

To: Lilian Debray who wrote (35)	3/15/2000 7:13:00 AM
From: long-gone	Read Replies (1) \| Respond to of 183

I was talking about the article I had just posted that it takes 10000 years to recover from an extinction. I do, though, have concerns about bringing the mammoth back, more if there were many than just a couple. See all the problems which happened when we put rabbits down under, the English sparrow in North America, the African bee, the fire ant....

To: Lilian Debray who wrote (35)	3/16/2000 9:15:00 AM
From: long-gone	Respond to of 183

Don'[t think I'd buy this year: Earthquake Notes 'BB+' NEW YORK--(BUSINESS WIRE)--Standard & Poor's--March 14, 2000--Standard & Poor's today assigned its double-'B'-plus rating to an issue of floating-rate notes whose payouts are linked to an index of California earthquakes. The rating follows a structural analysis of the many parties to the transaction and the outcome of the peril modeling. Standard & Poor's reviewed an original analysis performed by Risk Management Solutions (RMS) of the geological structure underlying California. The estimated annual probability that monies in the collateral account will be needed to pay claims to the insured party is 1.13%, while the 22-month probability is 2.08%. These compare favorably with the default matrix Standard & Poor's uses to rate catastrophe and weather bonds (1.67% and 3.05%, respectively). The issuer, Seismic Limited, is a Cayman Islands exempted company whose ordinary shares are held in charitable trust. The $145.5 million note proceeds have been placed in a collateral account and invested in high-quality assets with a 15-year final maturity. Seismic Limited will swap the total return of this account with a counterparty guaranteed by single-'A'-rated Lehman Brothers Holdings Inc. in exchange for LIBOR and a principal guarantee. (cont) biz.yahoo.com