Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Technology Stocks : Amazon.com, Inc. (AMZN) -- Ignore unavailable to you. Want to Upgrade?

To: Glenn D. Rudolph who wrote (16261)	9/6/1998 12:45:00 PM
From: IceShark	Read Replies (1) \| Respond to of 164684

Glenn, Just got back from a morning of fishing and cleaning lunch. -g- I shouldn't even be on SI, but can't help myself since I think next week is going to be the time to place some big bets. Regarding the B&T stock holdings and sales. I'm not trying to totally dismiss the significance, just that it can't be related to a stock payment for book purchases type of deal. I'll try and slog through Edgar next week to see if I can put it together. If you have done a quasi capital stock reconciliation please post it so I don't have to re-create the entire wheel. R.E. Sales Tax. The technology which is allowing e-commerce will also take care of the tax issue. GTW and others got their balls squeezed by the states because of the little item called USE tax, the evil twin of sales tax. Have you ever encountered a person that filed a use tax return for all their mail order purchases, as required by law? -vbg- Normally it is not cost effective for states to go after people for use tax, but when the item purchased has enough $value to effort expended ratio, look out. States went after cars long ago, since it was easy due to title registration, then boats, then capital equipment additions showing up on companies' depreciation schedules, then furniture out of the North Carolina outlets, then personal import duty declarations from ports of entry, ...... now mail order computers. You boys better collect and pay use/sales tax for shipments into our state; we know we can't go after you legally but we can subpoena your sales records and send a tax deficiency and audit notice to your customers! How do you think they will like that? Gulp! -nfg- And so it goes, ain't progress great? -g- Regards, IS

To: Glenn D. Rudolph who wrote (16261)	9/6/1998 2:45:00 PM
From: Glenn D. Rudolph	Respond to of 164684

Lott suggests censure won't be enough United Press International - September 06, 1998 12:31 %WASHINGTON %US %CLINTON %CONGRESS V%UPI P%UPI WASHINGTON, Sept. 6 (UPI) - Senate Republican leader Trent Lott says that given the misconduct to which President Clinton already has admitted, he feels it is ''not likely'' Congress will settle the matter with a simple vote of censure. But Lott also said in an NBC television interview that it was not a decision likely to be made before November's elections, as the impeachment procedure is ''something that takes months, not weeks, if you're going to do it right.'' Lott also discounted comments last month by House Speaker Newt Gingrich, who said he believed only ''a pattern of felonies'' and not ''a single human mistake'' could constitute grounds for an impeachment inquiry. While acknowledging the Constitution assigns the House the responsibility of initiating an impeachment proceeding, Lott said of Gingrich's comments: ''I don't know that that is my standard for impeachment.'' Lott reiterated, however, his desire to withhold any final decision on censure, impeachment or other action until Congress receives its report from independent counsel Kenneth Starr. Clinton has faced increasingly ominous signs from Congress since his admission Aug. 17, under pressure from Starr, that he had an affair with former White House intern Monica Lewinsky and that he apparently lied both to a grand jury and in public statements in a bid to cover it up. The pressure on Clinton mounted Thursday when a longtime friend and political ally, Sen. Joseph Lieberman, D-Conn., delivered a speech from the floor of the Senate condemning the president's behavior as ''immoral'' and ''disgraceful,'' and two fellow Democratic senators immediately said they agreed. Lieberman, also interviewed by NBC, said his decision to speak out publicly about his moral outrage over Clinton's behavior was ''the hardest thing I've ever done in my political career because the president is my friend.'' But Lieberman said ''I was not only personally disappointed, I was angry,'' and he said fellow Democrats urged him to make the speech because they felt ''we have to begin to talk about this.'' One of those who endorsed Lieberman's speech, Sen. Daniel Patrick Moynihan, D-N.Y., demanded Starr issue his report immediately, and said Congress should stay in session this fall until it settles the question of impeachment. Moynihan, in an interview with the ABC television network, cited such world troubles as ''a crisis in Russia more dangerous than anything we have known in our lifetimes,'' and called the Lewinsky matter ''a distraction that is doubly dangerous because of the world situation.'' Lott agreed Starr should issue his report quickly, ''certainly by the end of September,'' but urged much slower action by Congress, saying, ''My instinct tells me that we should not rush to judgment.'' Asked on NBC whether he considered Clinton more deserving of impeachment than Richard Nixon, for whom Lott advocated only censure as a member of the House in 1974, Lott said: ''I know more about censure now than I knew then.'' Lott also warned fellow Republicans not to get too excited about reports suggesting Clinton's troubles mean Democrats have lost all hope for regaining control of the House in November's elections. Lott noted there is now two months before the voting, and ''in politics, 30 days is an eternity.'' -- Copyright 1998 by United Press International. All rights reserved. --