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Wednesday Night Oct 16th, 2002 #1076
I'll bring a woman named Isabelle Sender. She is the former editor of Multex.com- it was a huge, money making site that made money off of selling analyst reports to the public for hundreds of dollars a pop and has, of course, gone belly up.
She wrote about the stock market in New York for years and is now freelancing with companies like Bear Stearns editing their analysis reports reports.
See you Wednesday, Linda Massarella see by Linda in the Gazette | & in the NYPOST | on Pope vs Hitler | John Travolta says Clinton | Herby Black | Beryl Wajsman
...But , a newspaper writer, sees no danger (or shame) in making a buck off her co-workers. When she returns from a trip to Canada, she says, "I will buy some Camel Lights at the border, and I'll sell them for $5 a pack. It'll help pay for my trip." see Secondhand Smokes
she also hates "the SUV driver with a cell phone in her ear is as stupid as Drunks behind a wheel " DTN
by Isabelle Sender October 6, 2002 WEATHERING A WAR ...portfolio strategists believe it could impact the economy, as well as the markets, to a degree not faced in decades.
October 13, 2002 Have more than $100,000 in a class B mutual fund, chances are that your broker is ripping you off.
Already mid-October and Thanksgiving is past. Finally, after our prolonged summer, the first cool days and nights are appearing and, on cue, the leaves are turning. Did you know that for the trees with yellow leaves, when the chlorophyll starts to disappear, it’s as though a layer of paint were stripped away? The color was actually “coated” with green through Spring and Summer. With red leaves, it’s different. They require genes and enzymes to produce the color. We keep thinking that there is a parallel here with politicians and political parties, but we are a bit too tired to make that stretch. Help anyone?
We give particular thanks that our good friend Malcolm Scott is safe on Bali, although we fear that his business, like so many others on that idyllic island, is due for a very rapid downturn. Everything there is so dependent on the tourism industry.
Linda Massarella will introduce a new guest, Isabelle Sender. She is the former editor of Multex.com - a huge, money-making site that sold analysts’ reports to the public. Having written about the stock market in New York for years, Isabelle is now freelancing with companies like Bear Stearns, editing their analyses
Dear David and Diana,
Feels like so long ago that I saw you! Would love to join you this evening, but alas, I am performing excerpts from Nabucco at Julliard tonight. Lots of news to share- maybe next week????
Love, Susan
David and Diana
Read About W-N
NP story om W-N
Contact W-N & Map
Wednesday Night Report, 1076 Oct 16th, 2002
October 16, 2002
While recent headlines have pondered the relative merits and evils of Video lottery machines, there are games being played of which the public is only partially aware, in which the majority of the players are less identifiable, the stakes, infinitely higher and the rewards to the winners are power and influence.
On the federal scene, the ban on campaigning for leader of the Liberal Party is being lifted and impressive sums of money have been donated, presumably by civic-minded citizens and corporations, to possible candidates. On the surface, one might question the donation of large sums to the leadership campaign of cabinet ministers who had little chance to be elected leader, but when one factors in the fact that the present actors will undoubtedly remain on stage for a year and a half or so, possible motivation at least in the minds of the donors, becomes clearer.
In Québec, there have been poorly publicized plans to hold public consultation hearings on the proposal to move a step closer to sovereignty by changing to a presidential system and two chamber legislature. Some, commenting on the relatively little publicity accorded this initiative, believe that with the impending defeat of the P.Q. at the polls, the proposed system, while perhaps temporarily raising the spirit of the faithful, would ultimately work against them because the majority of the popular vote (to elect a leader and upper house) would continue to go to the Liberals and that the initiative is thus a non-starter. Political parties do not win elections, they lose them, and the current question is, to whom?
Although he continues to receive strong financial support, Dumont’s popularity is waning as predicted. As for Jean Charest, his ascension to the leadership of the Québec Liberal Party from the federal Conservatives, was looked upon at that time, even by his most ardent supporters, as something to be closely watched. Indeed, when first elected, his most conservative proposals were considered too reflective of his former political life and he backtracked instead of pursuing them. They were promptly adopted by Mario Dumont who has made much capital of them. When the glitter begins to dim from this charismatic young man, what will the outcome be? Undoubtedly, very few will be willing to bet on that outcome, except perhaps, those who have a vested interest. There are a few wild cards in this game, such as the unpopularity of leaders of both the P.Q. and the P.L.Q. and the possibility of naming a new Prime Minister of Québec before the next election. Those who play it safe are predicting a close vote with a good probability of a minority government.
On the international scene, the stakes are higher here and the public much less well-informed. Although North Korea is probably a much greater danger to the United States than is Iraq, the Iraq campaign is going ahead full tilt. Very little coverage has been given to the large number of Brits killed in the Bali bombing, or of the six members of the Singapore cricket-rugby team and their wives wiped out. It is certain that the U.S. slant on the Iraq problem does not get as much coverage in other areas of the world as it does in North American and possibly Europe. Is the United States more interested in oil than it is in rogue states? Does the United States see its military base in Saudi Arabia slowly disappearing and is it attempting to establish one in Iraq by setting up a post-Iraqi war government similar to the post world war II Macarthur government it set up in Japan? The dearth of news we receive does not leave the literate public in a position to judge. Talk about high stakes gambling!
QUOTES OF THE EVENING
- “When Charest can no longer speak from the heart as he did four or five years ago, he becomes an ineffective politician.”
- “Other governments lose elections, but usually lose to the opposition, but in this case, the leader of the opposition is unpopular among Francophones.”
- “The public doesn’t care what the policies are.”
- “Quebeckers want anybody but (the leader) who is already there.”
- “I think that his (Bush’s) principal motive is to do well in the November election.”
- “It seems almost inconceivable that there will be a real invasion (of Iraq) with ground troops without U.N. sanction.”
- “The rationale for the invasion of Iraq is much more focussed on oil interests. There are psychological implications as well, finishing the job that the ‘old man’ left unfinished.”
- “The focus on Iraq has been masterful because it has taken the public focus off such domestic issues as unemployment and the economy.”
- “It’s inconceivable that the U.S. would go it alone in view of the fact that seventy percent of the population of the U.S. is against invasion without U.N. sanction and outside of England, they have no allies.”
- “The U.S. feels it needs a new military base in mid-east having lost Saudi and has chosen Iraq and will set one up there.”
- “It isn’t war. There is no identifiable enemy.”
- “There was an Egyptian terrorist group which was crushed by the Egyptian government and the remnants were transformed into something like what we saw in Afghanistan.”
- “People have an interest in destabilizing U.S. ... It is an apolitical movement to take over Western power and influence.”
- “Even (some) Canadians hate the U.S. You always envy the winner.”
- “In actual fact, the pendulum may be swinging away from the over-logical world towards religious conviction.”
- “We have a group of extremely savvy exploiters of the disenfranchised. I don’t believe that people in general, dislike other people in general. It doesn’t have anything to do with interpersonal hatred. It does have to do with exploitation of the disenfranchised.”
- " “Well, I’m a countess, but by marriage only.”
(Isobel Trujillo was once married to Polish Count Andrew Tarnowski.)
Notes by Herb Bercovitz • & Edited by Diana Thébaud Nicholson
2002, Oct 16th, Notes for #1076
  Thursday Oct 17, 2002
1929 - 2002
Oct 18th 2002 economist
All rise
After months of gloom, stockmarkets bounced spectacularly. On Wall Street, the Dow Jones Industrial Average rose by 13% in four days, its biggest percentage increase over such a period for over ten years, after hitting a five-year low the previous week. The story was similar in Europe: Germany's Xetra DAX was up by 17% and Britain's FTSE 100 gained 5% in a day. economist S & P PE chart drop from 40x to 31x & could drop to 24
Monday Oct 21, 2002 nyt Last week, solid gains from financial companies like Citigroup and Bank of America helped fuel a stock market rally that began the week before. But on Wednesday, stocks plunged as those gains ran into a weak outlook from Intel. On Thursday, the leading market indexes turned around again and rallied after I.B.M. reported results that were better than Wall Street analysts were expecting.
If last week was any gauge, it could be a bumpy ride again this week, as a number of other technology and telecommunications companies — including Texas Instruments, Computer Associates, Flextronics and beleaguered Lucent Technologies — report results.
You asked me to give you in writing my comments on preemptive war against Iraq which I made at a Wednesday Night, a couple of weeks ago. I have done better. I am sending you the op-ed which I wrote for the Globe and Mail and which appeared today Tuesday 17th September .. see story
Regards, Kimon [ambassador KIMON VALASKAKIS] see Wed1070
Sunday Oct 20, 2002 QUEBEC:
CENTRAL BANKER SEES INTERNATIONAL UNCERTAINTY HURTING ECONOMY
The governor of the Bank of Canada, David Dodge, says global
uncertainty is having an adverse effect on the Canadian economy. Mr.
Dodge says that although the domestic economy remains strong, weaker
world markets and the uncertainty caused by a possible war with Iraq
are having an impact on the Canadian economy. Economists have
predicted yearly growth of four per cent through the year, but Mr.
Dodge said on Thursday that a more likely figure would be three per
cent.
Oct 18th 2002 worldnetdaily
D.C. SNIPER TERROR
Shootings to spread to other cities?
Expert thinks Washington-area killer doing 'market research'
John Moore, a former Missouri homicide detective and veteran of more than 57 combat missions in Vietnam, told WorldNetDaily in a wide-ranging interview that he believes the recent sniper attacks are just the beginning of a larger campaign. ....the Washington-area attacks "could simply be a matter of fine-tuning this particular tactic" to achieve maximum results. ..."The people in charge of these various organizations – al-Qaida being one of about a dozen Thanks to David Mitchell
Sunday Oct 20, 2002 cbc
 QUEBEC WANTS BILATERAL AGREEMENT WITH OTTAWA ON KYOTO
Quebec is seeking to negotiate its own agreement on Kyoto with the
federal government. aee Kyoto notes
Oct 18th 2002 economist
All rise
After months of gloom, stockmarkets bounced spectacularly. On Wall Street, the Dow Jones Industrial Average rose by 13% in four days, its biggest percentage increase over such a period for over ten years, after hitting a five-year low the previous week. The story was similar in Europe: Germany's Xetra DAX was up by 17% and Britain's FTSE 100 gained 5% in a day. economist S & P PE chart drop from 40x to 31x & could drop to 24
Wednesday Oct 16, 2002
WASHINGTON, DC—Seeking to address "the number-one threat to airline security," the Federal Aviation Administration announced Monday that it will consider banning passengers on all domestic and international commercial flights.
Wednesday Oct 16, 2002 Surplus a surprising $8.9 billion
The federal surplus last year was a greater-than-expected $8.9 billion, all of which went to paying down the $536.5-billion debt, Finance Minister John Manley announced yesterday.
Tuesday Oct 15, 2002 cbc
MARKETS SHOOT HIGHER; TSX RISES 240 POINTS
North American stock markets - on a tear since last Thursday -
gathered even more momentum Tuesday as investors raced back in to
equities with the kind of enthusiasm that hasn't been seen for months.
Tuesday Oct 15, 2002 TORONTO:
LENDING RATE RISE FORECAST
Canada's largest business association is predicting that interest
rates are going to increase this week. The Canadian Chamber of
Commerce says that the Bank of Canada will raise its key rate
Wednesday by a quarter of a point. The Chamber says the move is aimed
at fighting inflation. Last week, one of Canada's biggest chartered
banks, the Royal Bank, predicted interest rates could climb by more
than two percentage points by the end of 2003.
Wednesday Oct 2, 2002 latest news from Me Donald Bunker | #898
Monday Oct 14, 2002 Earnings season quickly reaches a peak this week, as some of the nation's leading companies report their financial results for the third quarter. Airlines, financial services companies, publishers and 14 of the 30 members of the Dow Jones industrial average are scheduled to issue their earnings reports.
In addition to the flood of earnings, a number of economic reports will be issued over the next few days. The most notable data will come on Thursday, as the government releases figures on housing starts, capacity utilization and industrial production in September. The housing data will be especially important, as economists look for clues to how well this vital part of the economy is holding up.
On Friday, look for reports on the trade deficit in August and the Consumer Price Index for September. Last Friday, the Producer Price Index showed very little increase in inflation at the producer level.
Thursday Oct 10, 2002 Oct. rci on Videotron Labour
 Stephen S. Poloz VP EDC Economics Weekly Commentary
Brazil: Vicious vs. Virtuous Circles - October 16, 2002
Other weekly commentaries
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