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

To: Box-By-The-Riviera™ who wrote (153131)	2/24/2002 9:15:10 PM
From: John	Read Replies (3) \| Respond to of 436258

Maybe the massive exposure of deceitful big business financial practices in the U.S. will prove to be an important catalyst for the sharp decline in the country's international stature and leadership role. After all, no system of government has ever survived indefinitely. If U.S. companies are lying about their earnings (which many appear to be doing), and the U.S. Government has been condoning or even facilitating this action (which also appears to be the case), and the world becomes fully cognizant of these facts, the game could be over in more ways than one. This would be especially true if European companies are shown to have achieved better LEGITIMATE results, in the aggregate, which exceed the FALSIFIED results (pro forma) U.S. companies are floating. Our "elected officials" are behaving in a maniaical way too. I'm scared. The "patriotism stuff" seems more fake than I have ever witnessed. John

To: Box-By-The-Riviera™ who wrote (153131)	2/24/2002 9:40:22 PM
From: LLCF	Respond to of 436258

Enron short another pooot it didn't know about: LOS ANGELES (Reuters) - California announced on Sunday plans to petition federal electricity regulators to void more than 30 long-term, and now high-priced, power contracts the state signed last year. The move will "give FERC (the Federal Energy Regulatory Commission) an opportunity to see if it can ensure a fair market," a spokesman for California Governor Gray Davis, who is in Washington D.C. for a conference of governors, said during a conference call. The California Public Utilities Commission said it filed petitions under a section of the Federal Power Act charging that contracts the state has with 22 sellers are at prices and terms that are "unjust and unreasonable," said Gary Cohen, general counsel for the agency. He estimated that, with the contracts valued at some $43 billion, the state committed to overpayments of about $21 billion for 32 of the long-term power deals.> DAK