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To: Curlton Latts who wrote (40132)2/14/1999 11:33:00 PM
From: Sarmad Y. Hermiz  Read Replies (1) | Respond to of 164684
 
C. L.,

<So for example if the Fed does a $10 billion sale of one year TBills with a 3.5% coupon, in effect they are increasing the money supply by 3.5% of $10 Billion over that one year period.>

Where do the $350 Million come from ? (3.5% of $10 B) ?

TIA

-Sarmad



To: Curlton Latts who wrote (40132)2/14/1999 11:44:00 PM
From: H James Morris  Read Replies (2) | Respond to of 164684
 
Bezos, loves a scandal. It just sells BOOK'S.
>>
NEW YORK (AP) -- Before it was a scandal, it was an idea for a book.

In the fall of 1997, a literary agent advised Linda Tripp to write a book about Monica Lewinsky and her affair with President Clinton. Fourteen months later, the president was impeached.

Now, with his Senate trial ending, the Clinton-Lewinsky story truly becomes one for the books.

A lot of books.

Memoirs. Analysis. Narratives. Over the next few months, and possibly longer, the publishing world will be in a position not unlike the House managers who called for Clinton's removal from office: trying to revive interest in a story the public has seemingly stopped caring about.

''The American people have said they didn't want Clinton removed from office and I don't think they'll be interested in books about the possibility of his being removed from office,'' said Eric Simonoff, a literary agent at Janklow & Nesbit Associates.

Books will arrive with dramatic, even melodramatic titles: ''Ask Not, Tell Not: The Triangulation of William Jefferson Clinton''; ''A Vast Conspiracy: The Real Story of the Sex Scandal That Nearly Brought Down a President''; ''To the Point of Knives: The Triumph and Tragedy of Kenneth Starr.''

But the most anticipated book has the simplest title: ''Monica's Story.''

The book is Ms. Lewinsky's collaboration with Princess Diana biographer Andrew Morton. With a first printing of at least 200,000, it is scheduled to come out late this month, around the same time ABC hopes to air an interview with Barbara Walters.

''I'm particularly interested in her book because I want to know what she says about Linda Tripp,'' said New York Observer columnist Joe Conason, who has a scandal-related book coming out in the fall. ''There's a whole additional context to that relationship that Lewinsky might not have realized at the time.''

Expectations for ''Monica's Story'' are so strong that some didn't need to read it to have an opinion. Amazon.com, the Internet bookseller, was posting rave ''reviews'' from readers even as St. Martin's Press was awaiting Morton's manuscript.

Readers will hear from at least one other associate of the president. Expected in March is ''All Too Human,'' a memoir from Clinton aide-turned-commentator George Stephanopoulos. Other Washington insiders reported to be working on publishing deals include presidential friend Vernon Jordan and Sen. Joseph Lieberman, D-Conn., the first lawmaker to condemn Clinton on the Senate floor.

Fitting for a story which has been documented (some say prolonged) by the media, most of the books will come from journalists.

Michael Isikoff, the Newsweek reporter who helped break the scandal, will come out with ''Uncovering Clinton.'' Also expected are ''A Vast Conspiracy,'' by The New Yorker's Jeffrey Toobin, and ''To the Point of Knives,'' a look at Starr and his investigation, co-written by Washington Post reporter Susan Schmidt and Time magazine's Michael Weisskopf.

While Schmidt has been criticized by Clinton supporters for being sympathetic to the independent counsel, Conason is collaborating with Arkansas Democrat-Gazette columnist Gene Lyons on ''The Hunting of the President: The 10-Year Campaign to Destroy Bill and Hillary Clinton.''

Two books also are coming from columnists for the liberal weekly The Nation, a frequent critic of the president: Alexander Cockburn's ''The Joy of Sex: Bill Clinton and the Conquest of Puritanism,'' and Christopher Hitchens' ''Ask Not, Tell Not.''

Hitchens himself has become part of the story. In a sworn deposition, he stated that during lunch with Sidney Blumenthal, the White House aide referred to Ms. Lewinsky as a ''stalker.'' In his own testimony, Blumenthal said he never passed on to reporters derogatory information he had received from Clinton.

''Clearly, Hitchens' book has gotten a nice boost,'' said literary agent Lucianne Goldberg.

It was Mrs. Goldberg who in September 1997 discussed with Mrs. Tripp how the latter could benefit from what she knew about the affair between the president and the intern.

''What is good for you ... is a book,'' Mrs. Goldberg told Tripp during the phone call, according to the tape-recorded transcript of their conversation. ''The climate is extremely good for this kind of information.''

A month later, the tape was rolling. <<
After this release. Amazon.com went from being the financially struggling on-line seller. To the growing, giant, monster, juggernaut, Wal-mart of all Wal-Marts.
In Amzn's last press release. William was quoted as saying "It's all in their revenue growth, stupid! Therefore you should pay $600ps"!