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Politics : Formerly About Advanced Micro Devices -- Ignore unavailable to you. Want to Upgrade?

To: TimF who wrote (323549)	1/30/2007 12:45:27 PM
From: tejek	Read Replies (1) \| Respond to of 1574056

Why has Latin America created more barriers than other regions? The authors choose to leave it as an open question, suggesting it might make an interesting subject to pursue. But the reason is probably this: Vested interests -- in the political, the business or the labor communities -- have been in a stronger position in Latin America than elsewhere to get the political and legal institutions to protect them. The persuasive view that transpires from the study is that economic development is, first and foremost, an act of legislative purge seeking to remove obstacles. It sounds a lot easier than it is. And yet the author says nothing about Latin American corruption effecting economic growth; corruption by the wealthiest. Is it another rightwing hit piece trying to prove that legislation keeps people from becoming well off? I think so.

To: TimF who wrote (323549)	1/30/2007 1:00:38 PM
From: tejek	Read Replies (1) \| Respond to of 1574056

Now lets talk reality as opposed to the theoretical discuss in the article you posted and let's talk the US of A, not Latin America: Investors swiftly approve Icos' sale to Eli Lilly seattletimes.nwsource.com Now let's see how that juicy deal played out: "Icos will become a subsidiary of Indianapolis-based Lilly, its joint-venture partner in marketing Cialis. Most of Icos' 700 or so workers — including about 500 locally — will lose their jobs in the coming weeks and months. The prospect of so many lost jobs was just one aspect of the deal that rankled many of the 150 or so shareholders and employees who filled the meeting space at Icos' leased headquarters building in Bothell. Dissenters pointed to Cialis' success — its $971 million in 2006 sales beat the company's own forecast and delivered its first annual profit — and to the prospect of three more drugs soon entering clinical trials. The general mood, though, seemed to be one of resigned dismay." So now we know that even though the company was doing well, Lilly decided to level the axe. And guess who got screwed: yup, the little guy....he/she had a good paying manufacturing job that's gone now. However, the investor did fine......the ICOS stock was trading at $26 when it got taken out by Lilly at $34 at a 31% premium. What about upper mgmt who orchestrated the whole deal.........oh well, they were covered very nicely.....thank you very much: "There will be little hardship in Icos' senior ranks, however. Ten top executives stand to collect $75.5 million in payments for severance, cashed-out stock options, restricted stock awards and various bonuses." And Tim......this kind of set up is replicated and implemented over and over again throughout these disunited states. Its how the rich grow their income 5,6,7,8 times faster than their poorer counterparts. And your defense of the rich......do you know what that makes you......a chickensh*t weasel.