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Strategies & Market Trends : Booms, Busts, and Recoveries -- Ignore unavailable to you. Want to Upgrade?

To: TobagoJack who wrote (65011)	6/14/2005 3:50:35 AM
From: Maurice Winn	Respond to of 74559

Lucky is much better than smart. <I rather be lucky than smart, and fortunate rather than diligent.> But, unlucky comes in equal quantities to lucky. Smart is the only thing we have going for us for sure. Today, I again had lots of luck, [at golf], which to others is indistinguishable from smart. I prefer a combination of smart and lucky. That's a turbo-charged return on investment. Forest Gump rulz ok, Mqurice

To: TobagoJack who wrote (65011)	6/16/2005 6:24:09 AM
From: elmatador	Respond to of 74559

UK water companies will invest $32bn on pipes and sewers over the next five years. The European economies will depend on that and on organizing, Olynpics Games and such things... Lex: Supersonic Flight Published: June 15 2005 13:35 \| Last updated: June 15 2005 20:41 The testosterone-soaked pilots of Top Gun felt the “need for speed”. So do French and Japanese aviation executives, who Wednesday resurrected plans for supersonic civil aircraft. The precedents are not encouraging. Developing Concorde cost $30bn. Conceived in an era of $2 a barrel oil, its operating economics proved hopeless. The Soviet Union's Tu-144, nicknamed Concordski due to its suspiciously familiar design, ended up flying mail between Moscow and Kazakhstan. Nasa abandoned its programme in 1999. Its best case scenario, with demand for 500 aircraft, required $18bn spending upfront. The private sector is capable of funding huge investment: UK water companies will invest $32bn on pipes and sewers over the next five years. But capital intensive technology projects with binary outcomes rarely add up in discounted cash flow models. That is no bad thing. While French and British politicians promoted Concorde and its spiritual successor, Eurotunnel, the private sector revolutionised millions of lives with sub-sonic flights. Mistakes occur. Shanghai's $1.2bn, 430kph airport train takes eight minutes to get passengers to a terminal that is a 45-minute cab ride from the city centre. However, the message that prestige is not always progress may be getting through. A planned $48bn link between Beijing and Shanghai has been abandoned. That leaves Nasa, with its annual $16bn budget. When it comes to net present value, space is the final frontier.