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Politics : Ask Michael Burke -- Ignore unavailable to you. Want to Upgrade?

To: Mary Cluney who wrote (38359)	12/7/1998 1:37:00 AM
From: davep	Respond to of 132070

Sorry Mary, but collectively the world will put up with lunatics as long as creeps like George Bush put the Saddams,Noriega's and Pinochets in power.

To: Mary Cluney who wrote (38359)	12/7/1998 1:49:00 AM
From: Skeeter Bug	Read Replies (2) \| Respond to of 132070

>>Collectively the world will not put up with the Hitler<< germany sure did. while that isn't the world it is quite a sizeable group of people that supported, en masse, some very evil policies. i'd put a caveat behind what you say as i do partially agree. that caveat is when times are good. in germany, times were not good. people wanted a scapegoat and they wanted to hate it. basic human nature. if the world ever begins to seriously hurt then i think most will be amazed at how extremely evil things are so easily justified by the real or perceived pain of the perpetrator. a person once justified the genocide like this: "would you shoot an intruder in your own home? well, the jews were inside the german home." in good timnes this "logic" is scoffed at. however, when times are bad this type of "thinking" is more easily accepted. people in power know this. and they will use it for their own personal benefit if given the chance.

To: Mary Cluney who wrote (38359)	12/7/1998 4:55:00 PM
From: Ilaine	Read Replies (1) \| Respond to of 132070

Hi Mary, an article in today's Washington Post that is pertinent to our discussion: WHAT GOES UP . . . A DAY-AFTER STORY On the Friday after Thanksgiving, when most professional traders stayed home from Wall Street to eat leftover turkey, the turkeys went to Wall Street and got eaten. That day small investors gorged themselves on Internet stocks in a feeding frenzy that market watchers said was facilitated by the Internet itself. The influx of orders came not from the big institutional investors that ordinarily dominate the market, but from individual investors, many of them trading via their home computers. Usually when an influx of small orders begins to drive up stock prices unexpectedly, the pros step in, cash in some of their shares for a profit and in the process relieve the buying pressure. But too many of the pros had taken the day off and Net stocks just kept going up. Shares of half a dozen Washington Internet companies rocketed to new highs for the year that day, many of them taking huge jumps even when their trading volume was not particularly heavy. AOL shares climbed more than $2 to just under $95, PSINet stock went up more than $1 to $20.12 1/2, shares of Network Solutions Inc. jumped from $70 to $82, and the stock of a small Christian Internet site builder in Chantilly called Didax Inc. blasted from $10.50 to $20.87 1/2. Investors who swallowed those stocks at those prices woke up with indigestion on Monday morning and haven't gotten over it. Every one of the stocks came down as soon as the market reopened and most of them kept slipping last week. When trading ended Friday, AOL was down almost $7 from the previous week to $88 a share. PSINet was back below $18.50, down more than $1.50. Network Solutions skidded from $82 to a little more than $59 and Didax plunged more than $12 to close at $8. Small investors did themselves in during that post-holiday hysteria, but there's no reason to believe that the costly lesson cured them of Internet fever. washingtonpost.com washingtonpost.com CobaltBlue