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

To: TobagoJack who wrote (66462)	7/21/2005 8:15:01 AM
From: Maurice Winn	Read Replies (2) \| Respond to of 74559

TJ, there's a slight difference between stealing intellectual property and competition such as Skype. <big pharma will be skype-ed, just like the telcos> Of course, as patents expire, the cost of production of the pharmaceuticals becomes the benchmark. It costs a LOT to invent a pharmaceutical robust enough to jump through umpty$millions of regulatory hoops. No reward = no investment = no inventions = Brazil stays as it deserves to stay. Logging on briefly from Montpellier, to see what's happening in cyberspace. I see TOL is tolling the shorts. I see NEM is sagging. I suppose HOV is harrassing the shorts too though I haven't checked. I see 3G for sale everywhere. I see hordes of people swooping around in cyberspace [albeit in voice-only mode, and SMS] on their mobile devices. Apparently there will be a billion cyberphones sold per year by 2010 and something like 4 billion or maybe it was 3 billion people using them. They will nearly all be 3G gadgets. I can hardly wait, except that another 5 years is another 5 years less to enjoy my well-deserved dividends. Life is back to front. I needed those dividends when I was young and had forever to live. Oh well, I suppose the descendants can spend it for me. I wonder if they'll spend it on something useful or just pour it down their gullets. Mqurice

To: TobagoJack who wrote (66462)	7/21/2005 8:26:20 AM
From: Joe S Pack	Read Replies (4) \| Respond to of 74559

What are the other currencies? EURO,YEN,...,GOLD? J6P will have to pay more at Walmart? China Severs Its Currency's Link to Dollar biz.yahoo.com Thursday July 21, 8:06 am ET China Severs Its Currency's Peg to the U.S. Dollar, Will Let It Float Instead BEIJING (AP) -- China said Thursday it will no longer peg its currency to the U.S. dollar but instead let it float in a tight band against a basket of foreign currencies. The yuan currency has been strengthened, effective immediately, to a rate of 8.11 to the U.S. dollar -- compared to the 8.28 it has been set at for more than a decade. The new trading regime will begin Friday, the government said in an announcement on state television. ADVERTISEMENT China's decade-long policy of fixing the yuan to the dollar had drawn fire from Washington, which had accused Beijing of keeping the yuan artificially weak to boost the competitiveness of Chinese exports. Some U.S. lawmakers had threatened tariffs if China didn't adjust its yuan trading scheme. The yuan will now be allowed to trade in a tight 0.3 percent band against a basket of foreign currencies, the government said. It didn't say which currencies. It said the central bank would announce the yuan's closing price each day, and that rate would be the midpoint of the next day's trading band. The announcement was a surprise and came on the government's main evening newscast. Chinese leaders have been saying for years that any adjustment to China's currency policy would be based on domestic economic needs and not foreign pressure. China had resisted changes, saying its fragile banking system wasn't ready to let its currency float freely.