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Strategies & Market Trends : John Pitera's Market Laboratory -- Ignore unavailable to you. Want to Upgrade?

To: John Pitera who wrote (5009)	11/12/2001 3:36:21 PM
From: All Mtn Ski	Read Replies (1) \| Respond to of 33421

Welcome back John! Someone doesn't think it will go through, DYN is exchanging .2685 shares, so if DYN is at $44, ENE should be at $11.81. Now I know there is always a spread, but it is wider than 2 points or 20%+ currently. It can't be the MMs, as ENE is a NYSE specialist stock. <bg> Any ideas? Tom

To: John Pitera who wrote (5009)	11/12/2001 3:50:01 PM
From: marcos	Read Replies (1) \| Respond to of 33421

' Hong Kong Rated World's Freest Economy by New Survey; China's WTO Entry Brings Challenges By ELAINE KURTENBACH AP Business Writer HONG KONG (AP) -- China's entry into the World Trade Organization may be challenging Hong Kong's traditional role as a go-between for the mainland, but the city remains the world's freest economy, according to a survey released Monday. It was the eighth straight year that Hong Kong has topped the list compiled by the Heritage Foundation and the Wall Street Journal. Singapore ranked second, New Zealand third -- and mainland China tied for 121st, down from 114th place last year. The United States tied for fourth, with Estonia, Ireland, Luxembourg and the Netherlands. ``Policy is everything,'' said Gerald P. O'Driscoll, a co-author of the report. He cited Hong Kong's duty-free ports, its low-cost government, strong property rights and stable rule-of-law as key factors in the survey's findings. Despite hoopla in the Chinese state-run media over Beijing's formal acceptance over the weekend into the WTO, the Heritage Foundation, a Washington-based conservative think tank, found little change in recent years. An average tariff rate of 15.7 percent; quotas; import licensing, import substitution and local content policies; restrictive quarantine and certification standards earned China the most negative rating for protectionist trade policies. A high level of intervention in the economy, restrictions on capital flows and foreign investment, banking and finance and ``low levels of protection'' for property rights were also cited. ``There hasn't been as much reform in the past couple of years as the Chinese government would like you to believe,'' O'Driscoll told reporters. Still, Beijing won praise for a stable monetary policy. Hong Kong has a high degree of autonomy and its residents enjoy many freedoms not found in the mainland under an arrangement meant to preserve the former British colony's capitalist way of life after it reverted to Chinese rule in 1997. Critics accuse the government, however, of allowing a handful of tycoons to dominate the local economy. Many local residents complain that the city's recovery from the Asian financial crisis of the late 1990s passed them by. In the most pessimistic official assessment yet of the difficulties facing Hong Kong, Chief Executive Tung Chee-Hwa said Monday that he expected the city's economy to shrink for ``a few quarters.'' ``Hong Kong, being a very externally oriented economy, is being very badly affected,'' Tung said in a speech. Official forecasts have predicted 1 percent economic growth this year, though many economists expect the economy to contract. Though it kept its lead over Singapore, Hong Kong's score slipped slightly this year due to a change in the way the group measured ``black market activity'' -- mainly described as perceptions of the level of corruption. O'Driscoll characterized the change as insignificant. Japan's rank plummeted to a tie for 35th, from 14th last year, due to slow progress in deregulation, high government spending and the persistence of trade barriers, the survey said. On the Net: Iraq and North Korea tied for last. heritage.org ca.us.biz.yahoo.com Don't know anything of these people's credibility, but i played with their site a bit and it's interesting ... John, Jay Chen was back posting on the weekend, 'Booms Busts Recoveries' thread ... used to be called Coming Financial Collapse of 2001 ... cheers