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


To: Knighty Tin who wrote (98777)5/5/2003 5:55:15 PM
From: Joan Osland Graffius  Read Replies (1) | Respond to of 132070
 
KT,

LOL. Two of the greatest places on the planet - golf courses and ranches.

Are my eyes deceiving me? I just looked at the US dollar chart and it looks like it printed another low today.



To: Knighty Tin who wrote (98777)5/5/2003 8:13:47 PM
From: Skeeter Bug  Read Replies (3) | Respond to of 132070
 
Associated Press
Buffett Opposes Eliminating Dividends Tax
Sunday May 4, 9:07 pm ET
By Joe Ruff, Associated Press Writer
Billionaire Investor Warren Buffett Opposes Eliminating Tax on
Corporate Dividends

OMAHA, Neb. (AP) -- Billionaire investor Warren Buffett said Sunday
that President Bush's proposed tax cut on corporate dividends would be
unfair and fail to deliver a boost to the economy.
Bush wants to eliminate the tax on corporate dividends as a key to his
10-year, $726 billion tax cut plan. But the plan received a cool
reception from Buffett at the annual shareholders meeting of Berkshire
Hathaway.

Buffett said the tax plan is not fair because it favors the wealthy,
and he questioned the economic benefits.

"The idea that it creates all kinds of jobs and everything else,
that's what sort of turns me off," Buffett said. "That's like a
manager saying we're going to grow our earnings 20 percent a year.
They don't have the faintest idea, in my view, of how many jobs this
is going to create. How could they? Economics is not that precise."

Berkshire vice chairman Charlie Munger also spoke strongly against
eliminating the corporate dividend tax.

Reasonable people can disagree on whether Bush's plan would help
stimulate the economy, Munger said. But it cannot be made so unfair
that people resent it, he said.

"I don't think you can make it so unfair that a man living entirely on
dividends will pay zero tax while a cab driver has to work 16 hours a
day to barely feed a family," Munger said. "I just don't think it
works in a democracy."



To: Knighty Tin who wrote (98777)5/5/2003 8:42:04 PM
From: Night Trader  Read Replies (1) | Respond to of 132070
 
I wonder how OJ is getting on with his search. Any clues turned up you think? Maybe he's taking his time but will bag his man in the final reel like Columbo(G).



To: Knighty Tin who wrote (98777)5/6/2003 3:18:35 AM
From: Step1  Respond to of 132070
 
Knighty and other well versed options` players

, sorry to butt in but I remember some very good discussions of options strategies here, especially from a seller`s point of view. I would also like to know a bit more on the risk profile of a buy-write strategy and would think that that info is somewhere in the belly of the thread but that could be two or three years past... any current links or thread as well as any comments would be immensely appreciated.

( I have a couple of good books on options but they are either way too simple in their treatments of buy-writes or incredibly complicated in their analysis of other exotic option trades as to be useless for the average investor... so I am looking to something easily accessible on the net or a dialogue/exchange between SI members instead, TIA)

step1



To: Knighty Tin who wrote (98777)5/6/2003 6:29:42 PM
From: Thomas M.  Read Replies (1) | Respond to of 132070
 
You don't understand. Hunting for WMD takes time. You have to give the weapons inspectors time! Wait a second . . . where have I heard that line before?

;-)

Tom