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Politics : Idea Of The Day -- Ignore unavailable to you. Want to Upgrade?

To: j g cordes who wrote (16134)	1/5/1998 12:04:00 AM
From: bob oserin	Respond to of 50167

JG, I've been impressed with the insights you bring to this, and other threads I find your posts. Commenting on your "oil shale" thought, I once bought into a Lehman Bros. IPO named Oil Recovery. It had shale oil technology that was going to milk the Colorado mountains of tons of black gold. Needless to say I took a complete tax loss on this gold-mine. I believe that was about 30-35 years ago. I've never done business with Lehman since!! I have never heard of any commercial success squeezing oil from shale. If Iqbal is reading your posts, I'd like his reaction to your observations while visiting that bastion of "Egality", India. A radio news item just announced that the Indonesian govt. will use appropriate force against any disturbances. Two million have lost their jobs as a result of the Asian flu. BOB O

To: j g cordes who wrote (16134)	1/5/1998 2:05:00 AM
From: jbn3	Read Replies (2) \| Respond to of 50167

jg My point was not to condemn the Indian social structure.* Rather, I referenced the article to emphasize the entrepreneurial spirit which has taken broad root in traditionally very conservative societies. Nor do I think there is any going back, except in isolated instances and insulated countries such as the Ayatollah's Iran. The article illuminates that the technological revolution is hitting the Orient in a big way, and the future implications are unimaginable. For countries such as India and China the show is just getting started. I think that few (perhaps IQBAL) have any concept of what that means in terms of consumption, in terms of a world market. And, IMO, as a corollary, the problems in Asia, while serious for countries such as Thailand, Korea, and Japan, must be considered a short-term phenomenon. It is tragic for the populations of those countries, the victims, who see their savings and even livelihood wiped out. However, never in the history of the world have there been such opportunities. There will be turmoil, but those are intelligent and industrious peoples. They have overcome much worse than this. This economic crisis is a very temporary setback. *(I watched "To Kill a Mockingbird" over the holidays -- The Pulitzer-winning sketch portrays racial inequalities in this country within my father's lifetime, perhaps even within my own. Unintentionally, I think, it shows that at the time of filming the movie, women were not even CONSIDERED for jury duty. With our very recently found 'enlightenment', we are in no moral position to throw stones.) Regards, jbn3