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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory -- Ignore unavailable to you. Want to Upgrade?

To: GraceZ who wrote (53605)	2/12/2006 4:28:40 PM
From: shades	Read Replies (1) \| Respond to of 110194

Cheney Accidentally Shoots Fellow Hunter Hey Grace, your friend ahahah says shoot first, ask questions later right? news.yahoo.com By NEDRA PICKLER, Associated Press Writer 3 minutes ago WASHINGTON - Vice President Dick Cheney accidentally shot and injured a man during a weekend quail hunting trip in Texas, his spokeswoman said Sunday. ADVERTISEMENT Harry Whittington, 78, was "alert and doing fine" after Cheney sprayed him with shotgun pellets on Saturday while the two were hunting at the Armstrong Ranch in south Texas, said property owner Katharine Armstrong. Armstrong said Whittington was mostly injured on his right side, with the pellets hitting his cheek, neck and chest, and was taken to the hospital by ambulance. Whittington was in stable condition Sunday, said Yvonne Wheeler, spokeswoman for the Christus Spohn Health System. Cheney's spokeswoman, Lea Anne McBride, said the vice president was with Whittington, a lawyer from Austin, Texas, and his wife at the hospital on Sunday afternoon. Armstrong said she was watching from a car while Cheney, Whittington and another hunter got out of the vehicle to shot at a covey of quail late afternoon on Saturday. Whittington shot a bird and went to look for it in the tall grass, while Cheney and the third hunter walked to another spot and found a second covey. Whittington "came up from behind the vice president and the other hunter and didn't signal them or indicate to them or announce himself," Armstrong told the Associated Press in an interview. "The vice president didn't see him," she continued. "The covey flushed and the vice president picked out a bird and was following it and shot. And by god, Harry was in the line of fire and got peppered pretty good." The shooting was first reported by the Corpus Christi Caller-Times. She said Whittington was bleeding but not very seriously injured, and Cheney was very apologetic. "It broke the skin," she said. "It knocked him silly. But he was fine. He was talking. His eyes were open. It didn't get in his eyes or anything like that." She said emergency personnel traveling with Cheney tended to Whittington, holding his face and cleaning up the blood. "Fortunately, the vice president has got a lot of medical people around him and so they were right there and probably more cautious than we would have been," she said. "The vice president has got an ambulance on call, so the ambulance came." Armstrong said Cheney is a longtime friend who comes to the ranch to hunt about once a year. She said Whittington is a regular, too, but she thought it was the first time the two men hunted together. "This is something that happens from time to time. You now, I've been peppered pretty well myself," said Armstrong.

To: GraceZ who wrote (53605)	2/12/2006 5:13:57 PM
From: TimbaBear	Read Replies (1) \| Respond to of 110194

I know quite a few that are in the RE game, if you reinvest the cap gains with a 1031 exchange, you can defer income taxes indefinitely on those gains. In my experience, most people with large taxable speculative gains tend to stay in the game until they lose. I know some that are in the game as investors, several real estate agents, and many who are in the mortgage side of it (I used to be a mortgage loan originator in this area for many years). Few use 1031. Few hold long enough to take advantage of the personal residence exclusion.....at least if this is all they did, then they wouldn't meet the definition of "flipper". Given the run in property values over the last 4 years, given that those who have played it usually don't want IRS problems, and given that 2004 was pretty hot for the housing market flippers, I still believe a not insignificant portion of the supposed increase in personal tax collections is related to flippers' estimated payments. Only time will clarify I suppose. Timba