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To: Slagle who wrote (67782)	8/18/2005 2:18:33 PM
From: shades	Read Replies (1) \| Respond to of 74559

The Rivers Slagle? hehe The senator is more worried about rivers than china, iran, gold - crazy huh?! Water everywhere but you better not drink!! Notice since 2000 we can pass HWY bills but can't be bothered with our water - so so silly. sun-sentinel.com Sen. Nelson takes look at St. Lucie River algae By Suzanne Wentley TCPalm.com Posted August 18 2005, 11:43 AM EDT STUART -- Leaning over the edge of a boat floating in the St. Lucie River, U.S. Sen. Bill Nelson filled a plastic bottle with water sparkling with neon- green algae. "Look at that -- green water," he said, holding the bottle up to the sun. "That's not what Mother Nature intended. I bet you won't find any fish down there." And the large sections of algae blooming in the root-beer-colored river weren't the only thing that drew the attention of the senator, who visited the area Wednesday to gain more knowledge about the estuary's poor water quality caused by months of discharges from Lake Okeechobee. "Notice you don't see any pelicans here," Nelson said, surrounded by Treasure Coast politicians and scientists from the Florida Oceanographic Society and Harbor Branch Oceanographic Institution. "The Indian River in front of my house in Melbourne, there are pelicans diving all over the place. You can see the bottom from about 6 feet of depth. You can't do that here." The trip -- squeezed in before two town hall meetings planned for Port St. Lucie and Vero Beach today -- also was designed to give Nelson ammunition to motivate fellow senators to pass the Water Resources and Development Act, which includes the authorization of $1.2 billion in local Everglades restoration efforts. Nelson said he's planning to bring the bottle of algae-ridden water to the office of U.S. Sen. Bill Frist, the Senate majority leader and Tennessee Republican who has yet to schedule the water act for debate. He said the bill was stalled with fights over a Mississippi River project. Nelson also pushed for the restoration of the Kissimmee River, which Army Corps officials said is a third complete, and the funding of the entire $8.4 billion Everglades plan. Jensen Beach resident Jackie Trancynger, holding a neon-orange sign criticizing Gov. Jeb Bush's lack of attention to the river's plight, greeted the senator when he arrived at Stuart's Southpoint Anchorage. So did Ed Stout, the owner of South River Outfitters, a kayak business on the river's South Fork. "There are people out there that this is directly affecting their livelihood. I'm one of them," he said. "When the river is in this condition, we can't let people in the water." As the boat tour ended, Nelson accepted a moist towlette to clean the algae from his hands. Everglades restoration -- although it's taking longer than expected to authorize the local plan -- is a good first step to improving conditions in the St. Lucie Estuary, he said. "This is a start. Restoring the Everglades is essential not just for Florida but also for Planet Earth," he said. "This is one of these delicate ecosystems like the Amazon River that has an enormous impact on the rest of the environment." -- suzanne.wentley@scripps.com The Water Resources and Development Act • Funds and authorizes projects by the Army Corps of Engineers. • Historically passed every two years but not since 2000. • Contains authorization of the $1.2 billion local Everglades plan, which includes reservoirs and stormwater treatment facilities to hold and clean local runoff in Martin and St. Lucie counties.

To: Slagle who wrote (67782)	8/18/2005 3:19:48 PM
From: shades	Respond to of 74559

HAHA, Phil a crook after my own heart, RE going into Home Depot and fugging with the customers, I used to do stuff like that in walmart. NE ways he is not lying about wearing that Home Depot ORANGE shirt - remember I tell you before I see him with the cam wearing this bright neon orange/yellow t shirt and then he changed into the button down shirt for the Cam - then when he think cam was off put his bright neon t-shirt back on. Boone Pickens say today buy COAL - NG too expensive for electricity - hehe.

To: Slagle who wrote (67782)	8/19/2005 3:01:03 PM
From: shades	Read Replies (1) \| Respond to of 74559

PHIL was talking about this no? hehe money.cnn.com Investor charges Pimco with manipulation A Chicago investor claims bond behemoth Pimco artificially drove up the price of futures contracts. August 19, 2005: 2:24 PM EDT by Amanda Cantrell, CNN/Money staff writer NEW YORK (CNN/Money) - An investor has sued money manager Pacific Investment Management Company, claiming the firm manipulated the price of June 10-year Treasury futures contracts on the Chicago Board of Trade, according to suit filed in a federal court. The investor, Raymond Chiu, alleges Pimco intentionally created artificially high prices in the futures market by accumulating about $10 billion worth of Treasury futures contracts due in June, as well as "billions of dollars" worth of the Treasury notes that would be required to fulfill these contracts. Pimco is based in Newport Beach, Calif. Legendary bond guru Bill Gross is the firm's chief investment officer. The suit filed in the U.S. District Court for Eastern Illinois in Chicago, which claims Pimco violated the Commodity Exchange Act, is seeking class-action status. Chiu is accusing Pimco of creating a manipulative "short squeeze," which causes short-sellers to pay inflated prices to cover their positions because the entity that owns large amounts of a given security withholds the securities from the market. Buying futures contracts and hoarding the bonds available to fulfill them violates Commodity Futures Trading Commission regulations. Futures contracts are promises to deliver bonds at a future date and are used by businesses as a hedge against unfavorable price changes and by speculators hoping to profit from those changes. The shortage of 10-year Treasury notes led to the millions of dollars of investment losses in June, as short sellers scrambling to cover their positions had to buy back the bonds at high prices to fulfill their obligations. Chiu's complaint charges that, during the period in question, there were only about $10 billion to $13 billion of the "cheapest to deliver" 10-year Treasury notes available to satisfy the June futures contract, while the value of these outstanding contracts was as high as $170 billion. The complaint alleges that this "artificial scarcity" of bonds caused the price of the futures contracts to increase, generating a profit for Pimco. But Thursday, the Wall Street Journal reported that Chicago-based hedge fund Citadel investments played a key role in the shortage by accumulating "as much as $8 billion of a single issue of 10-year Treasury notes sometime in late May -- more than half the amount readily available in the market." That weakens the theory that one investor created the shortage. A spokesperson for the firm said that as a policy, Citadel does not confirm or give details on trades. In response to what happened in June, the Chicago Board of Trade has instituted a new rule that limits how many bonds any one futures holder can demand to be delivered, to take effect with the December 2005 contracts. But the market is rife with speculation that September could present another squeeze. Calls to Pimco and to Chiu's attorneys were not returned by press time.