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

To: Jim Willie CB who wrote (11665)	1/12/2003 10:27:03 PM
From: stockman_scott	Read Replies (1) \| Respond to of 89467

A time perspective - THE CLASS OF 2005 Just in case you weren't feeling old enough today, this will certainly change things. Each year the staff at Beloit College in Wisconsin puts together a list to try to give the Faculty a sense of the mindset of this year's incoming freshman. Here is this year's list: The people who are starting college this fall across the nation were born in 1983. They have no meaningful recollection of the Reagan Era and probably did not know he had ever been shot. They were prepubescent when the Persian Gulf War was waged. There has been only one Pope in their lifetime. They were 10 when the Soviet Union broke apart and do not remember the Cold War. They are too young to remember the space shuttle blowing up. Tianamen Square means nothing to them. Bottle caps have always been screw off and plastic. Atari predates them, as do vinyl albums. The statement "You sound like a broken record" means nothing to them. They have never owned a record player. They have likely never played Pac Man and have never heard of Pong. They may have never heard of an 8 track. The Compact Disc was introduced when they were 1 year old. They have always had an answering machine. Most have never seen a TV set with only 13 channels, nor have they seen a black and white TV. They have always had cable. There have always been VCRs, but they have no idea what BETA was. They cannot fathom not having a remote control. They don't know what a cloth baby diaper is, or know about the "Help me, I've fallen and I can't get up" commercial. Feeling old Yet? There's more: They were born the year that Walkmen were introduced by Sony. Roller skating has always meant inline for them. Michael Jackson has always been white. Jay Leno has always been on the Tonight Show. They have no idea when or why Jordache jeans were cool. Popcorn has always been cooked in the microwave. They have never seen Larry Bird play. They never took a swim and thought about Jaws. The Vietnam War is as ancient history to them as W.W.I, W.W.II and the Civil War. They have no idea that Americans were ever held hostage in Iran. They can't imagine what hard contact lenses are. They don't know who Mork was or where he was from. (The correct answer, by the way, is Ork) They never heard: "Where's the beef?", "I'd walk a mile for a Camel," or "De plane, de plane!" They do not care who shot J.R. and have no idea who J.R. was. Kansas, Chicago, Boston, America, and Alabama are places, not bands. There has always been MTV. They don't have a clue how to use a typewriter. Feel old yet?

To: Jim Willie CB who wrote (11665)	1/12/2003 11:56:34 PM
From: stockman_scott	Respond to of 89467

Global: America's Fiscal Pitfalls By Stephen Roach / Morgan Stanley -New York Washington is coming to the rescue of a deflation-prone US economy. Or at least it is attempting to do so. The Federal Reserve has led the way, and now the fiscal authorities are joining in. While Republicans and Democrats differ on tactics, they agree on the general dosage of fiscal stimulus over the next year -- about $100 billion, or 1% of gross domestic product. I applaud this rare bipartisan consensus. morganstanley.com