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Politics : Ask Michael Burke -- Ignore unavailable to you. Want to Upgrade?

To: Knighty Tin who wrote (96622)	7/9/2002 8:49:36 PM
From: Bill Cotter	Respond to of 132070

Accountants are not to blame; SEC regulation of audits is not necessary. The networking, telecom and internet providers need to take a good hard look at the cost structure. No doubt, fierce competition has benefited us in the form of lower prices. Most of those companies are losing plenty of money and have negative cash flow. You can see that, in their effort to survive, they have reduced capital expenditure to the bare minimum. This has caused the whole cycle to grind to a halt. It indirectly effects other industries like semiconductor production. Think of the days before the internet. We had to call our broker for quotes and to place orders. We had to dig through numerous publications to research a stock. The news was the Wall Street Journal. Now, we have instant quotes, online trading, research at the click of the mouse, instant news, search engines at our service; all mostly free. I pay about $40. per month for a cable modem. How much of that trickles down to the companies that are actually supporting the infrastructure with software that is costly to develop, and data that is expensive to store. Probably zero. I know there are ads and the annoying pop-up ads but, evidently, they are not generating enough cash for companies to break even. I hate to say this but, in order to stop this death spiral, we will have to pay more for internet services. I hope the boys in Washington will realize that, only then, will we see a reduction in the bankruptcy filings and a return to a healthy economy.

To: Knighty Tin who wrote (96622)	7/10/2002 10:53:16 AM
From: LowtherAcademy	Read Replies (1) \| Respond to of 132070

KT, Well, after I read and posted the Tobias article on Shrub's "misdeeds" (what in the hell are misdeeds.....seems to be one of shrub's favorite words (along with wrongdoers ((what ever the hell that means)), the reality of it all seeped into my dim awareness. Man, we are in for a world of hurt. I doubt if even your most pessimistic scenario will come close to what we'll see over the next couple of years. At this point in time I think the following have a very stong possibility of happening: 1. Bush will resign or be impeached; 2. Bunkerboy will stroke out; 3. The only foreign investment that won't flee will be mid eastern money that we freeze because of suspected support of terrorist charges; 4. The constitution will be suspended; 5. A third party will gain majority support. It will be the VISA party and will run on a pyramidal platform of new credit levels for all. All along we thought that the milenium decade bubble was nuts, but, failed to realize that it simply was the tip of the iceberg in a very sick and corrupt system. Personally, I"ve decided to fix the blame on MSFT and it's employee option programs. Distressed and wishing I were born Canadian. Have a good day, Lew