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Strategies & Market Trends : YEEHAW CANDIDATES -- Ignore unavailable to you. Want to Upgrade?


To: Sergio H who wrote (1290)2/11/2003 8:06:34 PM
From: JoeinIowa  Respond to of 23958
 
Sergio,

ALU CC sounded pretty good. They are still going to do $600M this year in revenue. Plus they are getting ready to file their first work interruption insurance claim. Maybe that will light a fire under the insurance company?

Joe



To: Sergio H who wrote (1290)2/11/2003 8:27:23 PM
From: Ken W  Read Replies (3) | Respond to of 23958
 
Sergio

MDCO has re entered its wonderful trading pattern like back when it was in the 8's and 9's. <GGGGGGGGG>

FDP looks to have reacted to the general market today ala Iraq and Ben should be dead. (interesting that there have now been two audio tapes of this a-hole, but no video that he was so fond of) Me thinks there is an agenda in our war machine. LOL

FDP, FA wise looks to be a no brainer due to P/S, EPS, Rev's, cash and a divy to boot. I've freed up some money so will try for the 50dMA tomorrow in the high 19's.

ALU's previous fire insurance was paid, 9 million as I recall reading. That fire was supposedly in question too, but the case was never closed. As I remember the case has been open for over 3 years now. <GGGGGGGGGG>

OT: Finished the wolves today and I'm pretty proud of them.

Ken



To: Sergio H who wrote (1290)2/11/2003 9:03:05 PM
From: JoeinIowa  Read Replies (1) | Respond to of 23958
 
Sergio,

I think I will give a one week lag period between updating the running portfolio in case you change your mind.

Joe



To: Sergio H who wrote (1290)2/11/2003 9:26:01 PM
From: JoeinIowa  Respond to of 23958
 
Lawmakers To Try to Toughen Meat Safety

Wednesday February 12, 2003 12:30 AM

WASHINGTON (AP) - The government still isn't protecting consumers from contaminated meat a decade after four children died and 700 people were sickened in an E. coli outbreak linked to hamburgers sold by the Jack-in-the-Box fast food chain in the West, food safety activists and Democrats said Tuesday.

``Too many families have tragically lost loved ones to preventable foodborne diseases,'' said Iowa Sen. Tom Harkin, announcing a new effort to pass legislation that would give the Agriculture Department authority to shut down meatpacking plants where inspectors find contaminated meat.

Several similar efforts in recent years have failed, but Rep. Rosa DeLauro, D-Conn., said large meat recalls linked to outbreaks that killed nine people in 2002 provide an impetus to try again this year.

Without such a law, the department cannot enforce food safety regulations against challenges by meatpackers, said Sen. Richard Durbin, D-Ill.

``I'm sick and tired of secretaries of agriculture coming to me and saying they don't need that authority,'' Durbin said.

He said the agency clearly needs it in light of a case last month in which a federal judge in Nebraska issued a temporary restraining order blocking the USDA from shutting down Nebraska Beef Ltd., a meatpacker.

Inspectors suspected the plant had meat contaminated with E. coli, harmful bacteria that can sicken and kill people. The government ended up settling out of court, with the company agreeing to appoint someone to oversee its compliance and review meat safety. The department still can close the plant if it is not abiding by safety laws.

Lawmakers and consumer activists said they worry that the Nebraska case will become a precedent for what the department will do when challenged again in court by a meatpacker.

Steven Cohen, an Agriculture Department spokesman, said that won't happen.

Activists appearing at a news conference with Durbin, Harkin and other Democrats suggested that all food inspection should be consolidated into a single agency instead of divided between the Agriculture Department and the Food and Drug Administration.

The department is too involved in promoting agriculture to regulate meat plants effectively, said Eric Schlosser, author of ``Fast Food Nation,'' a critical look at the restaurant industry.

Schlosser spoke on behalf of Safe Tables Our Priority, an activist group of families whose relatives were disabled or killed by food poisoning.

``We need a strong, single food safety agency, separate from the USDA, so that the USDA can promote American agriculture, a very good thing, and the food safety agency can focus on protecting public health,'' Schlosser said.

Schlosser also said the government needs the power to order recalls.

Under current law, only meatpackers and food processors can issue recalls, although the government often actively pressures companies to do so.

Cohen said the department doesn't need the authority to command recalls because food plants have cooperated with federal agencies in issuing them voluntarily.

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