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Pastimes : Clown-Free Zone... sorry, no clowns allowed -- Ignore unavailable to you. Want to Upgrade?

To: Les H who wrote (137813)	12/9/2001 9:16:10 AM
From: Les H	Read Replies (2) \| Respond to of 436258

massive U.S. bond default 300,000 defendants lose bail bonds due to insolvent insurance firms More than 300,000 US criminal defendants are to have their bail bonds cancelled. The two insurance companies that issued them have been declared insolvent. Some of the defendants could be rearrested and jailed, or required to post bond a second time. The implications of the cancellations are not entirely clear, because individual judges have discretion on how to proceed. Most violent criminals are held on high bail or no bail and are not expected to be affected. Others could be released on their own recognisance or skip bail without fear of pursuit by bounty hunters. Many will lose premiums paid to bond agents. The two Los Angeles County-based companies, Amwest Surety Insurance and its subsidiary, Far West Insurance, were liquidated earlier this year by a judge in Lancaster County, Nebraska, where Amwest is incorporated. Neil Berger, an attorney for Amwest, says the company regrets the liquidation but must observe Nebraska law.

To: Les H who wrote (137813)	12/9/2001 1:13:23 PM
From: Dr. Jeff	Read Replies (1) \| Respond to of 436258

ChangeWave Fund Collapses on Tech Malaise Sunday December 9, 11:53 am Eastern Time By James Paton NEW YORK (Reuters) - The mission of the ChangeWave mutual fund was to locate companies poised to benefit from ``waves of change'' triggered by emerging technologies. Instead, the portfolio collapsed after months of sharp declines for tech stocks. The fund, offered by fund group Marketocracy Inc. and managed by stock picker and author Tobin Smith, didn't even reach its first birthday.-------------more--------- biz.yahoo.com Marketocracy Funds has liquidated its Marketocracy Change Wave Fund (NA: CWFQX) less than a year after its launch, according to Securities and Exchange Commission filings. The technology sector fund managed by Tobin Smith, author of Change Wave Investing: Picking the Next Monster Stocks for the New Economy had just $5 million in assets and lost about a fifth of its value this year through December 6. >>> Now have a look at their website for a some laughs: changewave.com (ChangeWave.com: Your Partners in New Economy Prosperity) The Who, What, When, Where and Why of ChangeWave.com: changewave.com A cocktail napkin look at how a forward thinking investor and a group of frontline New Economy workers are creating a monster … stock picking, growth investing revolution ChangeWave? Glad you asked … With the staggering number of stocks posting 1,000%+ gains over the last decade (259 at last count), it was beginning to look pretty easy to make money from this "New Economy" everyone's talking about. Of course, throw in a 25% one-week dive in the NASDAQ here, a few 50% haircuts on your favorite stocks there, and the next thing you know your conviction is shaken, not stirred. If you were wondering if the party was over and you missed it, think again. At ChangeWave.com, we're here to help you get a second chance at New Economy wealth building - an aggressive investing "do over," if you will. It's time for a fresh, profitable perspective that only comes from living and breathing New Economy investing every single day and focusing on one thing: Finding the next no-brainer, "game over" stocks. Our goal is to become your prosperity partner in this dynamic, volatile, life-altering world we're lucky enough to be living in. With an endless sea of investment information available to investors like you at the click of a mouse, we'll either be invaluable, or soon, invisible. In the simplest terms, you'll get overwhelming value from ChangeWave.com in three specific ways: 1.You'll discover the waves of change driving the future of the global economy, before Wall Street or the guy next door, straight from the front-line New Economy pros making it all happen. It's clear that change = profit, for those who anticipate it and know where to look for it. We do, and so will you. 2.You'll learn what companies are best positioned to profit from these radical changes and why, making aggressive growth stock selection clearer and easier than ever before. Own companies that address exploding market sectors and your chances for exponential gains increase dramatically. We buy the right stocks, you will too. 3.You'll become a better stock investor by knowing what to buy and when, and more important, how to own each stock well. We don't give up on great stocks during hard times, or obsess over stocks that don't pan out. With our help, neither will you. ----------------------------------------- It's so funny it's sad or is it so sad that it's funny. -g-