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To: aknahow who wrote (12455)	6/1/2006 1:13:37 AM
From: jcpolar	Respond to of 78413

Spread the word freedomtofascism.com I want to puke... Message 22499983 Intelligence Czar Can Waive SEC Rules Now, the White House's top spymaster can cite national security to exempt businesses from reporting requirements President George W. Bush has bestowed on his intelligence czar, John Negroponte, broad authority, in the name of national security, to excuse publicly traded companies from their usual accounting and securities-disclosure obligations. Notice of the development came in a brief entry in the Federal Register, dated May 5, 2006, that was opaque to the untrained eye. Unbeknownst to almost all of Washington and the financial world, Bush and every other President since Jimmy Carter have had the authority to exempt companies working on certain top-secret defense projects from portions of the 1934 Securities Exchange Act. Administration officials told BusinessWeek that they believe this is the first time a President has ever delegated the authority to someone outside the Oval Office. It couldn't be immediately determined whether any company has received a waiver under this provision. The timing of Bush's move is intriguing. On the same day the President signed the memo, Porter Goss resigned as director of the Central Intelligence Agency amid criticism of ineffectiveness and poor morale at the agency. Only six days later, on May 11, USA Today reported that the National Security Agency had obtained millions of calling records of ordinary citizens provided by three major U.S. phone companies. Negroponte oversees both the CIA and NSA in his role as the administration's top intelligence official. FEW ANSWERS. White House spokeswoman Dana M. Perino said the timing of the May 5 Presidential memo had no significance. "There was nothing specific that prompted this memo," Perino said. In addition to refusing to explain why Bush decided to delegate this authority to Negroponte, the White House declined to say whether Bush or any other President has ever exercised the authority and allowed a company to avoid standard securities disclosure and accounting requirements. The White House wouldn't comment on whether Negroponte has granted such a waiver, and BusinessWeek so far hasn't identified any companies affected by the provision. Negroponte's office did not respond to requests for comment. Securities-law experts said they were unfamiliar with the May 5 memo and the underlying Presidential authority at issue. John C. Coffee, a securities-law professor at Columbia University, speculated that defense contractors might want to use such an exemption to mask secret assignments for the Pentagon or CIA. "What you might hide is investments: You've spent umpteen million dollars that comes out of your working capital to build a plant in Iraq," which the government wants to keep secret. "That's the kind of scenario that would be plausible," Coffee said. AUTHORITY GRANTED. William McLucas, the Securities & Exchange Commission's former enforcement chief, suggested that the ability to conceal financial information in the name of national security could lead some companies "to play fast and loose with their numbers." McLucas, a partner at the law firm Wilmer Cutler Pickering Hale & Dorr in Washington, added: "It could be that you have a bunch of books and records out there that no one knows about." The memo Bush signed on May 5, which was published seven days later in the Federal Register, had the unrevealing title "Assignment of Function Relating to Granting of Authority for Issuance of Certain Directives: Memorandum for the Director of National Intelligence." In the document, Bush addressed Negroponte, saying: "I hereby assign to you the function of the President under section 13(b)(3)(A) of the Securities Exchange Act of 1934, as amended." A trip to the statute books showed that the amended version of the 1934 act states that "with respect to matters concerning the national security of the United States," the President or the head of an Executive Branch agency may exempt companies from certain critical legal obligations. These obligations include keeping accurate "books, records, and accounts" and maintaining "a system of internal accounting controls sufficient" to ensure the propriety of financial transactions and the preparation of financial statements in compliance with "generally accepted accounting principles." businessweek.com

To: aknahow who wrote (12455)	6/1/2006 1:40:26 AM
From: E. Charters	Respond to of 78413

The proof is in the use, so that is easy enough to understand. It is also if you have every studied Fourier easy enough to understand the concept. Fourier was one of the most brilliant scientists of all time. He sought to explain heat singularities, in other words sharp temperature variations that seemingly defied rational continuum explanations, by theorizing that sine waves of differing frequencies in layers explained the sudden changes that were observed in nature. This gives the hint that waves of any kind can be de/reconstructed. Later work in Wavelets show that differing shaped waves are needed for closer to nature analogues. (It is either this way or nature is digital!!) Kondradtieff thought the same and showed how this could be. Elliot was more simple but one cannot say wrong. Shannon went on to observe seemingly chaotic systems could be simplified and predicted as well. This is proved in Modems that use predictive methods. There is a NZ economist who uses cycle methods, linear and on linear regression etc and correlationally analysed waves to successfully predict markets. Not hard to understand. Shannon and Thorp may have done exactly what you say, but the entire hedge fund industry is based on Thorp's work and it "works". I think Shannon sensed that everybody cannot be predictive and extremely limited markets may be subject to defections. This sort of thing ruined the LTCM boys. There are two systems that work. Cornering and controlling, in other words making other players your slaves as in mercantilism, and being a non interventionist piggybacker who is undiscovered. If everyone tries to hedge the same market it won't work. So yes you have to keep a system secret from many players. I think the commercial paper forex traders just want more people in the game so they have a fund of people to fleece. The stat method that is Camarilla is long observed and works well too. Not hard to understand volatility history and stats. Much of the Shannon fractal techniques use volatility history. I found too that standard TA works well with low level stocks that rise suddenly. What makes them rise, i.e. new buying and trade tiering makes it easy to see their patterns. Pulling them out of the market can be done with spreadsheets and a laptop. You cannot scan this stuff by eye very easily. People think they can but they are kidding themselves. EC<:-}