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To: Maurice Winn who wrote (11994)	7/3/1998 8:40:00 AM
From: straight life	Read Replies (1) \| Respond to of 152472

Question-- If SpinCo becomes truly independent... might they ALSO buy their infrastructure from LU, MOT et. al.?

To: Maurice Winn who wrote (11994)	7/9/1998 6:17:00 PM
From: Greg B.	Read Replies (1) \| Respond to of 152472

Maurice, OTOTOT "A car takes not much of a year for an American to work to buy one compared with 30 years ago." Check out these excerpts from Aug/Sept 98 Reason article (pg 41 - these guys have been reading your posts): Buying time: How real prices have declined over the years and why we work less to purchase more Michael Cox and Richard Alm The best way to measure the cost of goods and services is in terms of a standard that doesn't change - time at work, or real prices. Ultimately, the real cost of living isn't measured in dollars and cents, but in the hours and minutes we must work to live. As Henry David Thoreau put in Walden, "The cost of a thing is the amount of...life which is required to be exchanged for it, immediately or in the long run." The shortcoming of money prices lies in their inability to take into account what we can afford. A pair of stockings cost just 25 cents a century ago. This sounds wonderful until we learn that the average worker of the era earned only 14.8 cents an hour. So paying for the stockings took 1 hour, 41 minutes of work. Today, a pair requires only about 18 minutes of work. Put another way, stockings cost the worker a century ago the equivalent of $22, whereas now the worker pays only about $4.00. If contemporary Americans had to work as hard as their forebears did for everyday products, they'd be in a continual state of sticker shock - $67 scissors, $913 baby carriages, $2,222 bicycles, $1,202 telephones. The true test of an economic system is how productive it is with its resources. None is more precious than people's time...Time is the real currency of life, and the value of our time-what we can acquire for its exchange-is our most important asset. Capitalism has consistently raised the value of our hours and minutes, making most goods and services affordable for the average worker. Notice that the authors neglected to include income taxes in today's calculations ;-> Regards, Greg B.