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To: gamesmistress who wrote (84664)	1/18/2001 5:57:49 PM
From: Douglas V. Fant	Read Replies (2) \| Respond to of 95453

Gina, California short-term is in a box. We are sitting here in Phoenix today at the Power Authority debating what we can do to help those folk to the West and also avoid getting hit by the waves emanating outward from the blast center....Looking at Cal PX numbers, it appears as if noone is bidding generation into the California's day ahead market....So the "hot air' of the local politicians has served one purpose- it has scared off any out-of-state generator from bidding into the California power markets. Long-term California's problems are easily fixable so long as they "step up to the plate" and upgrade their industrial infrastructure and create a more business-conducive atmospehre in their State. If California chooses not to build the infrastructure or secure related assets in adjacent states, and be essentially a "green state", then California must be prepared to fade as an economic superpower.... You cannot have both environmental protection and strong economic and population growth- it cannot be done. Either "thin the herd" or build up fodder for the herd to eat....* The whole California situation is spawning an incredible array of proposals from every possible group you can imagine private ,city, state, and federal. Today I sat in a meeting involving various agricultural interests and a novel proposal....IMO the whole affair is shaping up like the S&L scandal of the 1980's in a number of fashions... For you "old timers" out there, don't be too surprised if you see the heads of a couple of power marketers placed upon spits such as Ken Lay at Enron when the smoke clears.... Finally- Anyone buying into small cap tech stocks here? It has been a pretty strong "January Effect" so far.... * (I see Malcolm and Jim making their livelihood in California as liberal philosopher-waiter/busboys, working the tourist trade in Monterey, Stinson Beach, or Half Moon Bay, quoting Sartre or Nietsche, whilst serving pina coladas and genuflecting for tips to the rest of us from the Thread who take vacations their along the nicely preserved coastline. I see the abandoned waterfront and financial district buildings in the formerly thriving City of San Francisco as one heck of a place to hold the World Paintball Championships :)....

To: gamesmistress who wrote (84664)	1/19/2001 12:11:00 AM
From: isopatch	Read Replies (1) \| Respond to of 95453

OT/Gina. The continuing crisis in CA can easily occupy our full attention with the specific items that need immediate attention. But there really is an underlying cause to all the years of misguided, perhaps even self destructive policy as well as the obvious unwillingness to, even now, face the obvious realities of these wrong headed approaches. IMHO, CA is a dramatic and quite extraordinary example of: A predominantly left leaning socio/political cultural consensus that, for many years, has been suffering from a fatally flawed understanding of the factors that make a modern economy function to support and advance the overall well being of its citizens. For years, statement after statement from CA political, and environmental leaders reflect not only ignorance of but also a deeply felt fundamental hostility toward mainstream American capitalism. With so many negative and distorted views towards private business it's not hard to understand the pattern of destructive restrictions, regulations and prohibitions on business so it's now become impossible for the private sector to provide essential services. As this damaging accumulation of anti-biz public policy has built up to the crisis level, the entire society is paying a huge price for the self destructive ideology that has fostered it. It's sad. But it was bound to happen sooner or later. Unless a fundamental change is made to bring the economic philosophy of policy makers more into the American mainstream where private businesses are not just tolerated but encouraged? IMHO CA will regularly plunge from one economic crisis' to another in the years ahead. What's also interesting, is the total disconnect from the realization that the currently prevailing ideology which is evidenced in everything that's led up to the current situation has much in common with the fundamentally flawed economic views which brought about the eventual collapse of living standards around the world in socialist dominated societies. BTW, did Babs Streisand and Alec Baldwin expatriot, as the threatened to do, after George W. won the election?(G). Isopatch