Tuesday, June 10, 2003

STICKY STEWS

It's hot, muggy, there is no Spurs game today, and I have nothing to blog about. So I'm just going to stir the pot and see what comes to a boil.
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I see the web counter has hit 600, which is reassuring only in that it reminds me other people are bored at times in this life too.
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I see where the New York Times is running a story about how the Iraqi oil industry is hurting because of looters which the U.S. has failed to stop. Isn't this the same newspaper that accused the U.S. of letting looters ransack the Iraqi Antiquities museum because solders were protecting the oil ministry? Now it's finally being widely reported that the museum looting story was bogus (last count 33 items were missing). If I were running the New York Times (and who knows I could be soon under the "winning through attrition" school of business) I think I'd triple check my facts.
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I see that the founder of ImClone has been sentenced to prison for 7 years. This is the company Martha Stewart is in trouble for investing in. I still don't understand this story. The ImClone founder realizes his company is about get hit with a negative report, so he calls his broker and sells his stock and tells his daughter to do the same. That part I understand. It's illegal.
Now the stockbroker is also the broker for Martha Stewart. He calls her and advises her to sell her ImClone stock. She does..and gets indicted. So does the broker.

I'm just a poor schmoe, I don't have a stock broker, but if I did I would want him/her to call me if he saw that a company I was invested in was seeing its major players liquidating their stock. Call me crazy but I thought that's what stock brokers did, safeguarded your investments. What I find really amazing is that Stewart is not charged with insider trading....but fraud, because she declared she was innocent of insider trading. Huh? You can be indicted for declaring your innocence?

You're innocent until proven guilty unless you say you're innocent, in that case you're indicted? .
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I see where Hillary Clinton's new book is setting a record in "non fiction" sales. It would seem deserving of the same rank on the fiction lists in my book.
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I see random Wayneness... I believe people named Wayne are a threat to society. Here is more proof.