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Politics : PRESIDENT GEORGE W. BUSH -- Ignore unavailable to you. Want to Upgrade?


To: Neeka who wrote (266242)6/23/2002 9:02:27 PM
From: Raymond Duray  Read Replies (4) | Respond to of 769667
 
moenmac,

Re: I've taken a hit on Wall Street just like every body else,

Count me out of your "everybody". I've been in cash since April, 2000 because the market smelled so very wrong. I haven't taken a hit since my last day to be long, dropping $30K in one day was enough to wise me up and take my chips off the table.

You can also count the following out of your "everybody":

 
Player Scam Appoximate Winnings
Lou Pai - ENE $300 MM
Ken Lay - ENE 200 MM
Jeff Skilling ENE 150 MM
Andy Fastow ENE 30 MM
Other execs ENE 500 MM
Dennis Kozlowski TYC 300 MM
Gary Winnick GX 775 MM
John Legere GX 20 MM
Martha Stewart ?? 150 MM
Jim Crowe LVLT 150 MM
Kevin Kalkoven JDSU 100 MM
Josef Straus JDSU 150 MM
Other CEOs who's stock has lost
at least 50% of value from peak 2,000 MM
__________
TOTAL WEALTH TRANSFER 4,825 MM



Which, not coincidentally is just about equal to the losses in the stock market from peak valuation in March, 2000 to today.

Basically, the American corporate plutocracy is working in exactly the opposite fashion to Robin Hood. This "free market" is transferring the wealth of the middle class to the richest 1/2 of 1% of now seemingly completely unworthy schemers, con artists and criminals.

Don't you feel lucky to live in such a great land?

Le Faineant Qui Voit



To: Neeka who wrote (266242)6/23/2002 9:30:03 PM
From: D.Austin  Read Replies (2) | Respond to of 769667
 
The pain I feel is not from the markets.
I really am fed up with one simple fact:
Our(so called)Leaders
Republicans and Democrats alike have skeletons in their closets and will not stand up and turn this country around.
Not one politician out there has the cahones to take a stand
and do what it takes to clean up this mess.

But we can spend our way into bankruptcy.
.........
and we can watch George get on the NEPAD and help Africa get on their feet with a mere 64 billion a year.
He walked away from G8 last year and I was proud..But I'm
guessing this year will be different..


G8 leaders gather in Kananaskis

By SANDRA DIMITRAKOPOULOS, CTV News Staff

Leaders of the world's richest nations will focus on an African action plan, terrorism and global economic growth when they gather for the G8 summit in Kananaskis, Alta.

The two-day meeting begins on June 26. It will bring together leaders from Canada, the United States, the United Kingdom, France, Germany, Japan, Italy and Russia.

At the top of the agenda for the world leaders will be an Africa initiative, called the New Partnership for the Africa's Development (NEPAD). The leaders plan to approve an Africa Action Plan based on NEPAD at the end of the summit.

The initiative by African leaders proposes to raise $64-billion in investments annually for Africa and sustain annual economic growth of over seven per cent for the next 15 years. In exchange, African countries must commit to democracy, good governance and human rights.

"We want these African people to prosper," Prime Minister Jean Chretien told a Liberal fundraising dinner last month. "It is not charity. It is an investment. But we have to give them a chance to compete."


theglobeandmail.com
...................
Great companies with good earnings and great products,
have you seen a chart of IBM lately ?????
I have faith in my wife & my kids.It will be a while before I have faith in most American companies.

cheers to ya D.A.