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Politics : Stockman Scott's Political Debate Porch -- Ignore unavailable to you. Want to Upgrade?

To: t2 who wrote (1608)	7/8/2002 12:00:11 AM
From: Jim Willie CB	Respond to of 89467

decadelong 1990's US$ rally owed to several prime effects: Japan's implosion and preliminary death experience its death has been written, now to play it out I read that $600-800 billion came to America in the first half of that decade in search of opportunity and safety their banks are totally worthless, probably negative value now their govt bonds a fecking joke, with forced govt worker contribution into them for pension imagine a pension system offering 1/2 of 1% nowhere to go but down, babycakes Berlin Wall fell and simultaneously the DMark went away the DMark was prominent until about 1995 the low point for USdollar was 1995 since then US$ has risen 50% !!!!!!!! the world had no effective safehaven currency for years so the dollar benefited the Euro went into three main stages after 1998 we have completed the staging process now not so surprising that the dollar decline coincides now the world has another major alternative Central Banks in US, Germany, England, Japan played the gold game after 1995 they sold gold and subsidized USTBonds they replaced gold as world reserve asset nothing left but the USdollar as reserve asset or currency Robt Rubin supplied confidence for this congame US was the focal point for its technology in the late 1990's it was computerdom, telecom, fiberoptic, media, internet service IT TOOK OVER THE WORLD AS Y2K APPROACHED the fundamentals all supported the influx of capital until mid-2000 Clinton had charisma, adding to US as Camelot nation of sorts he helped to attract capital to our financial markets it was a pathetic display, but the world is full of stupidity it ended with impeachment, perjury, fellatio, dismantled security, vacuum of executive leadership some legacy!!! money came to America faster than Clinton came in a woman's mouth I dont think the US trade debt was an inhibiting factor during the entire 1990's decade it was a symptom whose remedy would only become necessary to address at a later date it never reached 5% of GDP, but was an increasingly large number just a very big symptom that rose as long as the currency rises the same might happen sadly to Europe's new currency -- euro the European continent will likely see a trade gap widen / jim

To: t2 who wrote (1608)	7/8/2002 7:07:19 AM
From: stockman_scott	Respond to of 89467

Merck Booked $12.4 Billion in Revenue It Never Collected Monday July 8, 12:06 am Eastern Time Drug giant Merck & Co . recorded $12.4 billion in revenue from the company's pharmacy-benefits unit over the past three years that the subsidiary never actually collected, according to a filing with the Securities and Exchange Commission, Monday's Wall Street Journal reported. Merck's Medco unit, which manages pharmacy-benefit programs for employers and health insurers, included as part of its revenue the co -payments collected by pharmacies from patients, even though Medco doesn't receive those funds. Between 1999 and 2001, co -payments represented nearly 10% of Merck's overall reported revenue. Merck first disclosed the accounting treatment in an April SEC filing as it prepared to sell 20% of Medco in an initial public offering. But it wasn't until a subsequent SEC filing on Friday that the company said exactly how much revenue was involved. biz.yahoo.com