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To: Box-By-The-Riviera™ who wrote (353002)1/10/2008 11:03:39 AM
From: oldirtybastard  Read Replies (1) | Respond to of 436258
 
You are probably thinking all that matters is how long people don't buy stuff for and how much they don't buy, since the absolute number of people that lose their jobs due to stuff not being bought shouldn't change, all that will change due to inventory systems is when they lose their jobs. Also might be thinking that since all who are involved have the same inventory systems and the mkt and each other knows this it won't affect the end result anyway.

The author doesn't buy into thinking and obviously you will never get a job writing for marketwatch -g-



To: Box-By-The-Riviera™ who wrote (353002)1/10/2008 11:03:43 AM
From: oldirtybastard  Respond to of 436258
 
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To: Box-By-The-Riviera™ who wrote (353002)1/10/2008 11:17:15 AM
From: Jeff Jordan  Read Replies (1) | Respond to of 436258
 
Hilary to promote stocks and address unemployment and credit issues with fed chairman Bernankee.....Hillary is going old school<g> "what worked in the past can work today"...LOL, She's no vagabond!

Pilarys proposed rule changes:..Pay close attention to the later:

Stocks and pillories have been used in parts of Europe more than 1000 years, probably much longer in Asia, and certainly before reliable records began. The earliest recorded reference to stocks in Europe appears in the Utrecht Psalter, which dates from around 820 AD.

Stocks had become common in England by the mid-14th century. In 1351 a law (the Statute of Labourers) was introduced requiring every town to provide and maintain a set of stocks. This had been implemented as a reaction to the Black Death, which had halved the population. The consequent scarcity of labour had enabled agricultural labourers to demand increased pay. The Statute attempted to discourage this trend by providing that anyone demanding (or offering) higher wages should be set in the stocks for up to 3 days.

Stocks were later used to control the unemployed. A statute passed in 1495 required that vagabonds should be set in the stocks for 3 days on bread and water and then sent away (where presumably they would have faced a similar fate). If a vagabond returned to the same parish, he or she would receive another 6 days in the stocks. These punishments were however seen as excessive and the lengths of time in the stocks were later reduced to 1 and 3 days respectively.

A Statute of 1605 required that anyone convicted of drunkenness should receive six hours in the stocks, and those convicted of being a drunkard (as opposed to be caught drunk) should suffer 4 hours in the stocks or pay a substantial fine (of 3 shillings and 6 pence). A slightly later Statute made it legal to set those caught swearing in the stocks for 1 hour, if they could or would not pay a 12 pence fine. In practice the authorities preferred offenders to pay fines as the monies were used to fund poor relief.