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To: Les H who wrote (728)9/28/2001 6:41:52 AM
From: Wyätt Gwyön  Read Replies (1) | Respond to of 29596
 
more "distress" sales among the wealthy...(McCaw)
nytimes.com
"For sale" signs have appeared on three homes; three jets; a 300-foot yacht; a ranch; a private island off Vancouver, British Columbia; and even a collection of rare California wines.



To: Les H who wrote (728)9/28/2001 6:50:57 AM
From: Wyätt Gwyön  Respond to of 29596
 
Financial Magic Looked Good, but Left Companies Weak
Accountants have rushed out generous guidelines about how to treat losses after the terrorist attack -- rules so flexible that some losses that would have been realized in any case will now be classified as extraordinary.
nytimes.com
Some companies will be able to report pro-forma profits that are better than they would have been without the attack. Analysts will say companies exceeded expectations, and thus presumably did well, even as they report large (extraordinary) losses.