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To: Tunica Albuginea who wrote (22198)2/13/2002 5:07:07 PM
From: RetiredNow  Respond to of 24042
 
You just have to accept bribery and political shenanigans as the way of the world. The U.S. is two-faced. We have all sorts of condemnations for other countries and their corrupt ways, when in fact we have it in our own system. The only difference is that here, the bribery and corruptitude is more complex and hidden better. What's worse is that it is legal. Campaign finance reform is a good start.

Tunica, some of this will end when people like us get the real vote. I want to be able to vote on key issues over the Internet. Why do we have to have Congress as a proxy for the people? At one point in our history, the argument was made that the people were too stupid or ignorant, so they needed educated proxies. But in today's information era, anyone who bothers to vote probably has formed a pretty good opinion based on facts from a number of sources. We're as good as they are. Why won't they make this closer to a true democracy? Then you can bet, we'd cut out the pork like you wouldn't believe.



To: Tunica Albuginea who wrote (22198)2/14/2002 1:02:37 AM
From: OWN STOCK  Read Replies (1) | Respond to of 24042
 
TA:OT

Not so sure about that. 100,000 speeders every day on Hwy 101 here in Silicon Valley. Most get away, some get caught. Cops can't be everywhere. No moral issue for me there. Nature. In fact, those caught have to be made an example of, for deterrence effect. Otherwise anarchy.

Instead we get the book thrown at some stupid spoiled rotten Islam convert kid from Marin. Nero got big mileage blaming the destruction of Rome on Christian terrorists. Nowhere near top ten of the real problems Rome faced, but it was the "right" answer for his regime. Today it's Islamic terrorists. Again, not a top ten problem for US, but we are "solving" it with top ten resources. And someone is getting big mileage.

-Own

And save the posts about how tragic 911 was, and how we should do something. That's granted. But let's keep it in rational perspective. We do not need to go back into national debt over it, or tie up our transportation system so it takes four hours to get from SJC to LAX (I can drive in five). As we do it, bin Lauden laughs and wins. JMHO.



To: Tunica Albuginea who wrote (22198)2/15/2002 11:00:35 PM
From: FR1  Read Replies (3) | Respond to of 24042
 
Talk about bad accounting - did you ever notice what happens every day on CNBC with IPOs?

Let's take today. Pay Pal went up over 50% according to CNBC. They jump around with excitement about how much money the listeners could have made. Actually the most anyone of us would have made is 11% and that is if you were real lucky. Almost all IPOs are announced as being money makers when, in fact, everyone in the public loses money.

It works like this:
1) Insiders buy the stock at the pre-trading price, let's say $4/share.

2) On the IPO day, just before the public is allowed to buy, the market adjusts the price to reflect all the purchases by insiders, brokerage houses, etc.

3) The opening price is then $14/share.

4) The public starts to buy and the insiders dump stock big time to lock in their profits.

5) The stock ends the day at $8

6) The newscasts at CNBC jump up and down about how this stock performed astronomically - up 100% they scream & shout! When actually everyone in the public lost money. The honest answer is that the stock is down 43%

It is amazing these guys can get away with this while at the same time roasting people that give misleading financial information.

Don't tell me that CNBC doesn't know any better.