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To: yard_man who wrote (256090)8/15/2003 1:40:44 PM
From: UnBelievable  Read Replies (3) | Respond to of 436258
 
Bush Calls for Upgrading U.S. Electricity Grid

Perhaps the $600 Bil we are going to spend on rebuilding Iraq could go into this. Nah - I'm sure that would make it much harder to avoid competitive bids and classify which companies are doing what work.

THOUSAND OAKS, Calif. (Reuters) - President Bush on Friday called the worst blackout in North American history a "wake-up call" and said the nation's electricity grid must be modernized.

"I view it as a wake-up call," Bush told reporters during a visit to the Santa Monica mountains, adding that the blackout was "an indication we need to modernize the electricity grid."

Officials were trying to pinpoint the cause of the breakdown and to discover how it cascaded so quickly through much of the northeastern United States and the Canadian province of Ontario, knocking New York City, Detroit, Cleveland, Ottawa, Toronto and a host of smaller cities back into the pre-electric age.

"We need to take a look at what went wrong, analyze the problem and come up with a solution. We don't know yet what went wrong but we will," Bush said.

He did not say how the electricity grid should be modernized or much it would cost.



To: yard_man who wrote (256090)8/15/2003 4:08:07 PM
From: patron_anejo_por_favor  Respond to of 436258
 
<<show me new highs on the SOX or NDX and I'll be convinced otherwise, I think a serious correction at the very least is coming.>>

...and especially the SPX. Until we get those, I ain't budging!<NG> VIX of 20, past August expiry, football season about to start...it's a great time to be alive....and a dumbazz BEAR!<NG>