Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: Les H who wrote (207368)	11/30/2002 6:15:33 PM
From: NOW	Read Replies (1) \| Respond to of 436258

"ICE IN THE ARCTIC IS MELTING FASTER THAN PREVIOUSLY THOUGHT-AT A RATE OF 9% PER DECADE. AS A RESULT, LATE-SUMMER SEA ICE COVER COULD DISAPPEAR ENTIRELY BY THE END OF THE CENTURY, SAYS A NEW STUDY. WHILE SEA LEVELS WOULD NOT BE AFFECTED, IT WOULD PROFOUNDLY IMPACT SUMMER SHIPPING LANES, PLANKTON BLOOMS, AND OCEAN CIRCULATION SYSTEMS LIKE THE GULF STREAM. THE LOSS OF THE LAYER WOULD ALSO CREATE A LARGER INFLUX OF SOLAR RADIATION INTO THE ARCTIC OCEAN, IMPACTING REGIONAL AND GLOBAL CLIMATE SINCE THE SUMMER ICE WOULD NO LONGER REFLECT AS MUCH SUNLIGHT. TRT: 5:12 spaceref.tv

To: Les H who wrote (207368)	11/30/2002 6:17:06 PM
From: Mark Adams	Read Replies (1) \| Respond to of 436258

Nice catch. Thanks for the link. I see they don't include the 7.5% SS contribution out of earned income as 'savings'. <g> The doc provides a good starting point for locating the flaws in the NIPA based savings rate (ie ignored income sources) that were the foundation of the 'negative savings rate' hyperbole last year. Edit; In order to provide a comprehensive measure of personal saving, personal income also includes other types of income, such as employer contributions to private and government employee retirement plans, the investment income of these plans, and imputed income related to home ownership. Personal income excludes net gains from the sale of assets, pension benefit payments, and personal contributions for social insurance. 'Excludes gains from the sale of assets' would seem to include equities? So we still have a 'savings rate' that excludes capital gains unless they are home ownership based? And excludes gains in rental properties?