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Pastimes : The New Qualcomm - write what you like thread. -- Ignore unavailable to you. Want to Upgrade?

To: Maurice Winn who wrote (2534)	1/20/2001 3:30:16 AM
From: Maurice Winn	Read Replies (2) \| Respond to of 12231

<A small, constant inflation would be ideal because they make profit from printing the extra needed to cause that constant inflation and that's an easy way of being paid for their efforts. As long as they don't get greedy and print too much, they can maintain the system indefinitely.> I forgot to add, Alan Green$pan captures much of the value of the vastly increased productivity given by technology because the inflation rate doesn't really include all the benefits of new technology. I think they include factors to do with the processing power of computers, for example, but there is more to it than that. So Alan gets to print a lot of money, just to avoid deflation, and the government gets to spend all that money they print. It's a very good system for them, and me, because when they print more money, they dilute the money I owe to the stock-broking lender. I like that. People who own money instead of shares will be heavily diluted over time although there won't be significant inflation. The effect will be that they'll fall behind the stock market value and returns from that. That's my theory anyway. So far, so good. Mqurice.

To: Maurice Winn who wrote (2534)	1/20/2001 11:34:55 PM
From: Maurice Winn	Read Replies (2) \| Respond to of 12231

Mq, you had that right! <...just the individuals remain and life goes on with great chest-beating elsewhere. Interestingly, women don't seem so prone to that male affliction and with the passing of territoriality and conquest as a means of human development, perhaps the trend for women to run politics will accelerate and guys will run off to conquer cyberspace [which is already a trend]. Bill Clinton wore his heart on his sleeve [a feminine attribute] and was highly successful. I suppose George Bush will be the last of the macho males to occupy the USA Presidency. I expect women to take over [as they have in NZ, which leads the world for number of women running the show] as women are better suited for 'running the household and family', which is what countries are becoming. Guys will need to find something more Guy-like to do. Cyberspace is the new battleground. Outerspace is passe. Globalstar notwithstanding. Going to the moon, literally, is seen as anachronistic. Young Guys are fighting to the death in Quake in cyberspace. > Speak of the devil! I see the new president of the Philippines is Gloria Macapagal Arroyo. pworld.net.ph She's little - the photo of her with Bill Clinton shows her only up to his chest! The photo in our village newspaper for a moment made me think it was Condoleezza Rice [USA new National Security Adviser]. Mqurice PS: Here's the end of the spectrum auction in New Zealand nzherald.co.nz <...The supposedly lucrative 3G spectrum fetched only marginally more than its 2G partner, averaging $2.5 million per 5Mhz, compared with $2.3 million for 2G. After being put under the microscope earlier this week for a series of bizarre bids that prolonged the auction, Telecom welcomed its end. Mobile group general manager Mohan Jesudason said the telco's purchases were a critical investment in advancing technology. Telecom's opponents, who criticised the company's bidding strategies, were glad it was all over. "We're ecstatic," said Walker Wireless chief executive Paul Ryan, who secured two chunks of 1098 spectrum that can be used for high-speed internet services. "It's panned out well - we've got some new players and everybody seems to have what they want." Some industry experts had predicted the auction would raise hundreds of millions of dollars after British and European Governments got billions last year. At one point that looked possible, but after soaring to $180 million, the auction's value plummeted when bidders began to withdraw. To combat the bidding tactics, the Ministry of Economic Development changed the rules three times over seven months. Communications Minister Paul Swain said the low prices achieved would ultimately benefit consumers. > Paul Swain obviously, like most people, doesn't understand that cheap spectrum doesn't mean cheap phone calls or Wireless Internet. If spectrum reaches capacity, it will be sold at what the market will bear. It doesn't matter whether the spectrum was given to the owner or they paid 10x too much. The same price will result. Initially, it probably will be cheaper, because the service providers won't think they need to put a big price on the calls to justify their high bids. But I don't expect sense from marketing people in telecoms these days, so I'll have to wait and see.