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    / ======================== / wed.jan.20030108 / ======================== / 
    Liberty :  Rotting Apple : The future of New York City.  Chistopher Baldwin ,
     National Review .
    16-20 /  Imagine New York  Winter Garden design Exhibit then at
     101 Murray @ Greenwich  St. John's University downtown campus .
    18-21 /  Joseph & Donna McElroy   video /  A Taste of Art Café  147 Duane
    18-20 / 59 Franklyn , B2 ; Amos Eno :  Soile YliMayry 
    / ======================== / fri.jan.20030110 / ======================== / 
    18-20 / Inframundo , 106 Spring #6S / Dream Interpretation / Pedro Lujan
    / ======================== / sat.jan.20030111 / ======================== / 
    1230 - 19 /  Manhattan Libertarian Party  Annual Convention ; 1050 Restaurant
     ( 10th @ 50th ) $45 before Jan 4 , $50 after , including meal .
    17-19 /  MONIQUE GOLDSTROM  560 bwy #303 / Jamie Korb
    18-20 /  Feldman Gallery  31 Mercer . Edwin Schlossberg .
    / ======================== / tue.jan.20030114 / ======================== / 
    0730-16 /  MS .NET CodeFest  234 W 42
    18-20 /  Kenny Schacter   14 Charles Lane  ( West < < Washington )
    / ======================== / thu.jan.20030116 / ======================== / 
    18-21 / 37 W 20 / Joe Strand & Nicholas Bergery , Photos
    / ======================== / sun.jan.20030119 / ======================== / 
    Unified Independent Party conference , NYC
    / ======================== / tue.jan.20030121 / ======================== / 
    - 24 /  LinuxWorld  Javits
    / ======================== / thu.jan.20030123 / ======================== / 
    1730 - 19 /  NYU Math Finance Seminar  251 Mercer , Rm 102 : John Moody Oregon
     Grad Inst :  Minimizing Downside Risk via Reinforcement Learning
    / ======================== / sat.jan.20030125 / ======================== / 
    16 - 19 /  Skylight Gal  1368 Fulton , Bed Stuy
    / ======================== / thu.jan.20030130 / ======================== / 
    / 0957 / CSPAN : David Garman Asst Energy Sec for Efficiency & Renewable
     Energy is incompetent .
    
    1730 - 19 /  NYU Math Finance Seminar  251 Mercer , Rm 102 ; J. Doyne Farmer ;
     Santa Fe Institute : Explaining the statistical properties of markets
     via random low intelligence agents
    / ======================== / sat.feb.20030201 / ======================== / 
    / 1136 / Second Shuttle failure . Apparently damage at take off .
      The world is passing strange . It is as if the fabric of reality itself
     were condeming America's abandonment of the  First Clause  of the
     Bill of Rights : No Government The Institutionalized use of Force to redress the use of force or fraud by one Citizen upon another  use of taken ( tax ) money in support of
     any religion , either here or overseas .  
     Columbia 28th trip . 77th total by 3 in 17 years since Challenger . 
    & 2 , 10-16 /  4701 - Year of Ram / Columbus Park ( Mulberry & Worth )
    / ======================== / tue.feb.20030204 / ======================== / 
    
    17th CoSy MidWinter Party
    will be at Tony's @ 176+1%2 Mulberry , the Little Italy landmark
    I described in my City Council testimony against the extension of the Drug War to tobacco in bars . Figure I'll get there around 19:00 .
    ( nb: MidWinter , February 4 , is a Tuesday this year . )

    http://CoSy.com/CoSy/ConicAllConnect/
    One restless night last August , in the midst of this year of US Government Gone Crazy and the global and local depression it is causing , I had the vision here , which people who know me know is not that improbable : If I grabbed the center of an "all connect graph" and pulled it into a cone , It would form a very strong and beautiful structure which could be a unifying shell for the World Trade Center site .

    A central motivation in my creation of the CoSy environment in the most powerful programming notations existing is to be able to "solve" in a timely fashion complex algorithms such as that to compute the parts list of 492 "beams" required to actually construct the spire . Being able to , I was compelled to show that IT CAN BE DONE .

    Many people immediately and viscerally feel like I do that the Spire represents the enduring spirit of our City at the beginning of this 3rd Millennium better than do the elaborated themes of the 9 solicited designs , which tend all too much to the funereal , the fractured and the bent . Frankly the original Yamasaki design , strengthened with all we have learned , would be more majestic than any of the solicited designs .

    If the Spire inspires you too , spread the vision .
    Pass this invite on to your non-web friends .
    Only if People know , can People choose ; only with a very loud voice from many People will the Spire become the legacy of our times .

    Hope to see youall at Tony's on Mid Winter , while relaxing with a smoke in a bar does not yet make you and Tony criminals .

    Commerce not Conflict ; Peace thru Freedom : Bob Armstrong

    
    & 5 /  http:/ Java on wall street  
    / ======================== / sat.feb.20030208 / ======================== / 
    09 - 16 /  LEGO League
     Junior Robotics Tournament  / Riverbank Park , 679 Riverside Drive at 145 .
    18-20 / 14 Charles Lane (  map  ) Kenny Schacter conTEMPorary .
    / ======================== / wed.feb.20030212 / ======================== / 
    19-21 / 97 Kenmare , Storefront : Politics of Israeli Architecture
    / ======================== / thu.feb.20030213 / ======================== / 
    / 1040 / 
    1930 - 2130 / William Tucker, NY Post editorialist : "State of the City."
     NYYRC @ Soldiers, Sailors, Marines and Airmens Club
     283 Lexington Ave (bet 36th & 37th St), 2nd Floor
    / ======================== / sun.feb.20030216 / ======================== / 
    18 / Thom Corn : 'Corn on Cotton' @ FIRE PATROL NO.5 , 307 w.121
     ( St Nick < < Manhattan )  A,C or D to 125
    / ======================== / wed.feb.20030219 / ======================== / 
    16 - 19 /  Infrastructure Security 
    19 / Marcia Bartusiak : Einstein's space-time waves . Grad Ctr , 365 5th @ 34 /
    / ======================== / thu.feb.20030220 / ======================== / 
    0745 /  Managed Account Investment & Distribution 
     Metropolitan Hotel
    1730 - 19 /  NYU Math Finance Seminar  251 Mercer , Rm 102 ; Kay Giesecke ,
     Cornell University : Credit Contagion and Aggregate Losses
    / ======================== / thu.mar.20030306 / ======================== / 
    1730 - 19 /  NYU Math Finance Seminar  251 Mercer , Rm 102 : Marc Potters ;
     Science et Finance, Capital Fund Management , : "Statistical Properties of
     Order Books and Price Impact "
    / ======================== / mon.mar.20030310 / ======================== / 
     Example Bush-shit logic :  Ari Fliesher : 
       45 days after the resolution , Iraq is 4000 days overdue 
    / ======================== / tue.mar.20030311 / ======================== / 
    18 / ANTICIPATING NEW YORK 2050: Will Proposals for Ground Zero Stand Up
     to The Test of Time? ; The New School , 66 W 12th
    
    Answer : My Conic All Connect

    will .

    / ======================== / thu.mar.20030313 / ======================== / 1730 - 19 / NYU Math Finance Seminar 251 Mercer , Rm 102 : Greg Duffee ; Science et Finance, Capital Fund Management. "Time variation in the Covariance between Stock Returns and Consumption Growth". / ======================== / thu.mar.20030327 / ======================== / 18 - 1930 / Andre and Judy de Zanger Creativity Salon : John Osborn : "Creative Problem Solving" - (The original "Brainstorming Model") @ NY Public library , 112 E. 96 / ======================== / fri.apr.20030404 / ======================== / / 1512 / CSPAN64 / 030328 / Diana Buttu , PLO Legal Advisor : Brilliant analysis of Palestinian Colonization and Bantustanation . 66 new settlements since Sharon / 200k settlers doubled to 400k in last decade . NATO "peace keepers" in Israel . Money cannot go to Palestinian Authority . / ======================== / mon.apr.20030407 / ======================== / Linux on Wall Street Roosevelt Hotel , NYC / ======================== / sat.apr.20030412 / ======================== / 1800 / Professor Lawrence Lessing , Stanford Law School : "The internet promised an extraordinary opportunity for innovation and creativity. Changes in the law are about to take that promise away." The Professor will describe the threat and propose a strategy for resistance at a lecture , free and open to the public without reservation, called "Free Culture: The Struggle to Liberate Creativity and the Internet from the Law," is at 6PM in Cooper Union's Great Hall, E. 7th Street at Third Avenue. Get there early to get a good seat. The hall was built in 1860 and has many seats with seriously obstructed view. / ======================== / tue.apr.20030415 / ======================== / / 1204 / CSPAN2 : AEI : Richard Rodriguez / The first Brown Moment : when the Euro and the Afro met in the iris of an Indian woman . Induced thought : The 3 in the Axis of Liberators are US and the 2 great Colonial powers of the New World . / ======================== / thu.apr.20030417 / ======================== / 1730 - 19 / NYU Math Finance Seminar 251 Mercer , Rm 102 ; Sanford Grossman : Quantitative Financial Strategies / ======================== / thu.may.20030515 / ======================== /
    ! NEW !
    CoSy NewsLetter
    2003 05
    K.CoSy.Kdb environment
    CoSy/Liberty : Blog from young worldly Iraqi in Bagdad just before the suspension of US Second Amendment for the locals . / ======================== / fri.may.20030523 / ======================== / UNEDITED / 1743 / -> Rock Drug Law thing @ Mad & 98th / `y02 / 1850 / Lumsby , Browne / Barbara Brenner - 3 min each Awilda Gonzales - Hunter Col Grad , Social work - ex con / SNAP 30 yrs / Judge Jerome Markes Ret `92 / judge 22 yrs , assemblyman LES / problem starting in `60s / `75 found law constitutional - destroys families People against Winny Jones - drug factory / A1 15 - life / went to trial - got 15 vs 1 for doing same as peer women in case who pled WWII - flier washed out - depth perception . Angela Thomson - selling drugs for uncle - buy & bust / 2.1 oz Judge Waneta Newton gave 8 - appealed to top court - changed to 15 - life 12-1300 appeals for clemency after %2 sentence - few granted / - Datelin Law has to be changed / costs $32k % yr has helped 3 people get clemency . / cost $900k for time in jail . Jeffery Aubry lib dem assembly man queens / churning of humans . A1 most agregious / Sproul case - / 1921 / Awilda Gonzalas / went to prison young from PR . molested @ 8 / pot head when went to prison / 15 / judge wanted to give 3 / raped @ JohnJay / dirty cop / .94 in prison black & Latino / Danial Serrano for Assembly mem for this dist /Adam Clayton Powell 3 / 1929 / myth that drugs just minority - not in college dorms / War on people of color / Esperanza Febles - `90 arrexted 125 grams 15 yrs / arrested men , wives & girl friends / got 6.5 years / other women got 15 even never touched coke lose custody of children after 1 yr / 5 yrs added for endangering child / extra 6mo for Money adiction ? / Districgt leader William Allen / vote / crazy system / 2000 votes out of ? in East Harlem / it is a war / / 1950 / Jennifer Arroyo - Rappers : Aaron & Rahim / Questions to Ax . condolences to familites broken up by law / both got GEDs / / 1956 / Speak out / poem for daughter / ex - military woman - & correction officer / ashamed made money off of it / Ralph Thomas - outreach / did 7.5 yrs / dental prosthecics / people been rocked to sleep Clarence Davis / son being convicted for 4- 9 yeas / / husband doing life - 17 yr old daughter - connections w murder inc . Canales : .08 E Harlem users . Rockefeller heirs don't want associated w there name . 68 $ % month min / $74000 for shelter family of 4 / can't get Batchlors / each one teach one . got biggest stick so want to knock RoW / / 2033 / / 2148 / @ PS / ======================== / tue.jun.20030603 / ======================== /
    Liberty UNEDITED 1800-20 / Fabiani Society : Steven Malanga , Manhattan Inst Senior Fellow Princeton Club, 15 W 43 18-20 / Fabiani @ Princton - 15 W 43 / / 1857 / Lindsey / bring material Steve Malanga : City Journal article : NYC budget : council / 1900 / Welcome to fun city - if preg don't stop & sit on subway stairs '69 city worker unions - Johnson Commuity based charity contractors became most powerful political blocks . Late '80s : Koch : Poverty Pimp . ( SM ex forbes ) were moderate dems from working class outer bouroughs term limits : 38 seats turned over - all from social svc orgs - City J poll : dem primary : people who wort / .37 work for private sec ( .77 in pop ) / ( Government ) Working family party : ACORN / dems too conservative . 15 of 38 working pty endorsed / 21 signed WFP tax proposal ltr . Stock xfer tax - need Albany ok too / 50k workers living wage / min + 3.5 David Weprin WS lawyer - must raise wages becuase raised taxes . Building 90 day law - union not yet invoked . profoundly trivial group . NYC - the nanny state . bill 357 : exhibitionist motorcycle law wheelies / gunning , speedy may sieze and imbound . Dislosure of prerecorded music sound - public has expectations must say when canned / Requriee movie prices in all ads . / 3 min engine idleing law deposit law on primary & rechargable bateries w notice on battery Charles Barron ; Hillary's campaign mngr & John Edwards ; Lot of characters / Goef Miller central character - wants to be Mayor Have veto proof majority . / will have long impact / 22 have proposed : separation of City from State / / 1920 / ?s / pushing BMbrg ? doesn't need push living wage ? cynical grp - mayor said would cost - revamped to medicade & state City owned properties exempted from 90 day law for cost - then issued re term limits just accelerated ? 2001 07 observed no moderates Albany also moving same direction . Gifford Miller next mayor ? good chance . Bill Clinton Henry Stern ? foreign policy - Mugabe , Iraq / Why no NYT questioning ? no Shocking but not surprizing Guilianni where effect ? Metro Repub club ran aganist Goef Miller was Alan Wall St not main st / can't talk to small busn person / NYC hi cost environment Corezine - trader - / 1935 / / ======================== / wed.jun.20030604 / ======================== / Liberty 1400 / Protest against the Rockefeller Drug Laws With Russell Simmons and the Hip Hop Action Network Foley Square (across from Federal Courthouse, lower Manhattan) / ======================== / thu.jun.20030605 / ======================== / Liberty UNEDITED / 1055 / Cato , Waldorf / 1105 / Ed Crain : thanks Donald Smith Fndn : to get to intelligent audience . fndn 77 , WDC 81 / Fndrs got it right - respect for dignitiy of individual human being / tax code 40000 no dignity / doing good job getting word out / FAIR : 2nd to Brookings Web score #1 / Kenote : Patrick Toomey / tax , fin & busn cmttee / Investemnt Banker & restaurant / SS choice - / use payroll taxes to pay for real assets / Steve Moore : club for growth / / 1111 / Pat Toomey : SS reform / Cato great & Michael Tanner / need to xform from govn owned defined bene to personally owned contributio free fall to failure - terible deal for younger , already insolvent ether collapse or impose massive neg RoR on young . Has had spectacural retrun / Ida May got 21000 on 21 $ @ 100 born in `30 - get .04 - .05 / 30 now , slightly negative - / 20 yr old - significantly neg / cant even deliver on that . if you work long & die young lose big / .5 black males die < 70 , less than 5 yrs -.25 ror for avg Blk M / working women too / Can't even deliver on that / Transfer going on - no savings or investment from 16 , now 3 , 2060 2 / 12.5 yrs benes now 19 / 2016 / 2020 $20B / real debt 3.5T$ / SS benes nx 75 y PV 10.5T$ / Better reason for reform : Freedom - personal ownership . First - all already paid get there benes . Younger - WDC aggegated personally directed funds lower paid could accumulate worth . If die early - heirs get . 2200 % month / .05 return 821K$ / annuity 3* SS reverse perception and reality of Gove dependency - collectivist . expands dependent class - witness perscription drug coverage . at cost of personal freedom - Impact on politics - De Toquivle - vote benes for self paid by someone else , democracy in trouble / Alternative : all be in investment class . Freedom econ returns / Demogogary goes on - patently dishonest that line of attack is becoming much less effective . 3rd rail args - Seniors do respect children & grand children . In Dem registered district - likes to debate Dems in union halls . Pres campaigned on in last election , will again . 10 yrs baby boomers start retiring / window closing , may have to break / 1134 / ?s : transition costs ? issue debt - much less than alternative Gov guarenteed return . treasurys , verus forced .23 pay gov for return w provide some min guarentee - Galviston opt-out ? Bismark created - Europe heading down proposed road Chile .95 participation - secessfull . left campaigns won't mess w . Admin cost ? gov reg - diversivication req - professional mngrs - idx funds should be < .005 / Payroll tax - . / currently running .02-.03 surplus - divert that to Deroy : discuss w Black Caucus ? Charlie Stenhome - would like to / 1144 / Susan Chamberlin , Cato : Dir Gvt affairs : just 4 like Pat T. if 20 or 30 , wouldn't have to title talk "Fighting for Freedom" uphill into wind . Polititans not core audience - world of ideas Ed Crane : Free Radical / dismissive of Congress - / parties anything that was good . Repubs abandoned free mkts / Incredible expansion of Fed Law Enforcement under Patriot . But Ed said be upbeat . End Game has come . taking place in natnl debate Cato 1st book Social Security : inherent contradiction . Ed & Jose - congressmen elected because of endorsement of private acnts we will have personal accnts Because of Cato . 500 congressmen don't understand SS / Mike T : big teaching job to be done feel pride in accomplishment / choice in Education w happen too . Working in WDC school system / Utah tough / Anthony Williams DC forced to support vouchers / Entire class prevented by govn from accumulating wealth Tax reform : Econ growth - Repubs even abandoning retoric . DC bizaare town . Defense of the Big Guy - Microsoft imclones / no one argues concept . Big guys themselves go to Congress - Tobbaco cos deal preventing independents . / FEC : free market , immediately attacked both sides Hayak : Politicians foam on waves public opinion No chance of working self out of job . / 1203 / Qs : how explain to .5 paying no tax ? humiliating to be dependent on gov ? Stossel : 4 freedom lovers ? Pat Senunu Flage , Paul / clyde Wayne Crews Jr : Dir Tek Policy : Infrastructure socialism 10000 commandments out nxt mo / Make anti-trust exciting : regs : children , spam gambleing , copy protection , carnavore ... 1st principles of liberty & commerce / is Commons and has Anti trust - agreement to price higher - lower or the same as someone else Govt compelled access . Heinz- Beach Nut merger - Ice Breaker mints / Premium Ice Cream mkt seg monopoly / "Open Access" - What's yours is Mine . Dominent Software providers suffer open access desease . Competitors loudest advocates . FCC : AOL messaging domenence - future must be interoperable - Orbitz , Google - got 1st ammendment ruling / Competition in creation of networks . Regs done untold damage in Electricity - Retail access choice Competition not mean anyone can dump to gov controlled hub . Restraints on competing w local hubs . Possibility of Independent combinations of power & info build outs . / computer controlled understreet snakeing . User owner consortium . Force Access - fiber last mile - Verizon&BellSouth JV intends to . Property may be seized . Must be no threat of Free Riders . Regulators lose jobs . Classical Liberals need to argue scale does not change principles . Bell break up rational ? Property rights - Gov picking busn models . / 1225 / Bell breakup ? ATT was gov monopoly . had aesthetic rather than monopoly problem . inadequate property rights causes . Open Accesss & market design ? Electric restructuring - stranded cost payouts on elimination of exclusive franchise . residual monopoly power FCC media ownership ? info cannot be monopolized . tweeking edges . did remove cross ownership papers & TV . still mkt entities . conglomerates not necessarily stable . / 1233 / / 1327 / PHD Harvard : This speech B - 51 state Iraq - you break it you buy it Devils dict : War is what god created to teach Americans Geography . Iraqis know what to expect : 101 Airborn : 10 days in : Democrcy , Whisky , sex Clinton not pres any more . / Chaves , Venezuala : elected dictatorship Putin : Chechnia : killed 100K Constitutional Liberalism not abt structure but goals - restraints - bulwarks begins book in 324 AD - move to Byzantium leaving bishop of Rome beginning of separation of Church & state - first check on state power . Rise of capitalist class - largest che magna carta / impartial judge is core / Nazi `23 flaued election - Iraq : problem of oil - Norway only oil producing democracy Trust fund states . un earned income - won't tax nor represent . merchandize exports total that of Finland Iraq fragmented . Yugoslavia - most efective appeals to nationism , tribalism. Final problem : is Middle eastern country : morph into tyrannies - Nassir Discontent gets channeled into Mosque . How get past ? - get rule of law and capitalism 1st - then democracy 42 of 48 African countries hold election / Rather Asia capitalisms worst signal - that we will be leaving in 3 months . most oportunity before sorting of ruled from unruled . Patty Aschcome - tzar of Bsonia At this point , have to succeed in Iraq . Must internationalize American imperialism feared . & share burden - will take Per Bosnia , Kosovo capita 250 550 k / 250 is half US fighting force hove oil , need water , food . cannot inch forward willy nilly . failure not option - / 1352 / Qs : don't have to just turn over to UN : mixed coelitions . have to recognize what Iraqis want . As in free trade , never get exactly what you want . Iraq artificial construct ? not as divided as map suggests . Bagdad Shia city in midst of shite belt . Fedral model . avoid population xfers . incompetent AID beauracracy ? process of reform - World Bank under Wolfenson been inovative . Chad national oil trust - internationally audited - spend only thru open bidding - transparency . USAID always wanted to be parrallel State Dept . Agrees w Helms want to remerge w State . Becomes welfare WMD ? not just figment of Bush Imagination . mustard gas is not marilade / `96 son in law dig under chicken coop . was vastly exagurated . - Team B report estimates of Soviet threat . Essential flaw ; intentions vs capabilities . expect grusome tales , but basically a tin pot operation . straegy must base on threat - not just intention . Need for commercial activity . Separation of Church & state , islamic ? Pope caused reformation split . Islam , state has always been dominant . failing regimes seek mulla support . Religion w adapt to state Turkey , Bangladesh , Indonesia . can't have islamic backlash . Bible has same ban on Usury for instance . Modern Limited state . / 1410 / 1900 / Junto ; Jim Rogers author of "Adventure Capitalist" Soldiers & Sailors Club, 283 Lexington Avenue, 2nd floor Liberty UNEDITED Junto / / 1915 / BBC-TV guy doing project on Ayn Rand / film Vic Bob Pritzker : dancing class in lower ESB / guide life by reason rebirth every morning / wasn't a perfect person / cornered by Nathanial Brandon - thought spying / VN : 2 encounters w Paul Volker in last 6 mo / @ bed of sports writer book on tape w players in own voices - no tape recorder or computer . Henry Kaufman : had had 3 dinners w Volker / purpose of stock mkt is to be worried / Visited Century club - CT jewish mavins / Greenspan , Rubin why so many - even libertarians hate business . Larry Parks : FAME.org - 4 page speech by 3 out of 4 Supreme Ct winning Lawyer Martha Steward vs Hillary trading / Sid Bass " i'm in love" Alan : City Taxes - lack of planning on your part is not emergency on mine NJ is disaster - CT bad too . City / move business out of city . Steve Kagann : taxes & jobs inversely related . don't even need moral issue defacto coup - NYS taken over by Unions . trial , teachers & health care significant fed cut / all but 1 NY rep & senator voted against cut . rates - we pay more rel cost of living . divs & gains significant / Manhattan Inst - .9 of increaes w b paid downstate . municipal workers unions - tricele down - what left after govt / / 2003 / VN : Rogers , new father : successful investment partnership . negotiated .5 reduction in rate @ Russian Hotel . Not charging speaker fee did on motor cycle . Iceland `99 . / 2251 / / ======================== / fri.jun.20030606 / ======================== / 2000 / "Springtime On Planet Love Party" / Bowery Poetry Club (308 Bowery , across from CBGB's. ) Libertarians meet punk hop / I plan to speak / ======================== / wed.jun.20030611 / ======================== / - 14 / APL2003 San Diego 1930-2130 / TANGO MANGO Jak Karako , Director : Tango Dance Performance by 10 Dancers with Unforgettable Songs from Around the World ; 821 United Nations Plaza, NYC ; First Avenue & 46th Street / Second Floor RSVP: (212) 980-2030 , Suggested Ticket Price $20 At the Door All proceeds and donations go to Educational Outreach Fund of Unisun World. / ======================== / mon.jun.20030616 / ======================== / / 1015 / CSPAN , Fdn for Middle East Peace : Akava Eldar Ha'aretz pol columnist It's the occupation , stupid . roadmap classified ? 25 israeli , 70 palestinian . "Likudniks" "israel was never very strict with the Geneva conventions" / ======================== / tue.jun.20030617 / ======================== / - 19 / SIA TECHNOLOGY MANAGEMENT EXHIBITION Hilton New York , 6th @ 53rd / ======================== / fri.jul.20030711 / ======================== / CSPAN2 / .65 of Fed College aid spent on regs & paperwork / ======================== / mon.sep.20030901 / ======================== / / 1354 / MNN Ch34 : Converstations with Harold Hudson Channer rich socialist intellectual : Energy industry economist Bob Blohm : The energy grid was more socialized by so called deregulation . Bush et al "Tory Socialists" . / ======================== / thu.sep.20030911 / ======================== / / 1302 / Restricting the Market of Ideas . "GETTING MONEY OUT OF POLITICS"
    C-SPAN Video ( really audio ) Campaign Finance Reform Act Supreme Court Oral Arguments
    Bobby Birchfield of McConnel team lame trying to argue that state elections don't effect subsequent federal elections . Accepts notion of "Federal interest" right to interfere . What a mess . This is time which should have been alloted to the libertarian Ron Paul group . Even the fact that Stevens & BB are arguing where in fine print of the law , eg , 323B2V4 or 323A , a particular limitation resides shows the total corrupt nature of this attempt to infringe individual and associations political expression .
    / 1331 / Olsen arguing for Government / Scalia excellent - but even he does not express trust in the market place to think for ourselves even against voices with the biggest megaphone .
    / 1:39 / Seth Waxman slime ball twisting of Alan Simpson statement . Paul Clement Dep SG raked over illogical division between Press and Joe mimeograph machine by Scalia and Kenedy .
     
    / ======================== / fri.sep.20030912 / ======================== / 
    MSNBC Question of the Day:
    Are you willing to give up some civil rights for better security? My answer
     
      False dicotomy. Each of the freedoms of the Bill of Rights - from no Theocracies , to the right to defend our selves with personal arms , to right to a jury of peers , are treaties between us designed ensure domestic tranquility . It is our Government which is creating the insecurity which feeds its increasing suppression of our daily lives .
    / ======================== / mon.sep.20030915 / ======================== / From WinXPnews QUOTE OF THE WEEK:
    The trouble with fighting for human freedom is that one spends most of one's time defending scoundrels. For it is against scoundrels that oppressive laws are first aimed, and oppression must be stopped at the beginning if it is to be stopped at all.
    -H.L. Mencken (1880-1956)
     
    / ======================== / thu.sep.20030918 / ======================== / 
    From the 
     Antiprohibitionist.org  newsletter :
     3129  05/06/2003  / U.S.A. STATISTICS / REUTERS 
    A study by the Substance Abuse and Mental Health Services Administration
    says that in 2002, 19.5 million Americans used drugs (15.9 m. in 2001).
    Of these, 14,6 m. or just under 75% used marijuana, 2 m or just over 10%
    cocaine, 1.2 m or just over 6% amphetamines or ecstasy, and 567,000 or just
    under 3% crack, and the rest, about 6%, other substances. 
    / ======================== / tue.sep.20030923 / ======================== / 
    0833 / C-SPAN / Judy Fahys  Salt Lake Tribune / Environmental reporter : Balanced 
     / 1113 / Jeffrey : Torch Energy / Webcast /
     Dillon : Pipes Report News Letter
    / 1120/ Chuck - used to be buying
     properties - now basically drillers here :
    
    · Contango Oil (MCF)
      Ken : 4 yrs old : must be lowest cost provider in cyclical mkt .
     value creation / Destruction / from "turning to the righ of the exploration
     drill bit "
     finding cost < = 1.50 $ i $4 gas word  %mcre / + 1 to well head
     3.8 people . /
     lost on hedging / Sold properties  / thought price going \/ . NOT /
    
    Incentives :
     virtually all of personal net worth @ risk -
     " It's EPS stupid "  / denominator as important as numerator
     retired .25 of their stock / See new 10-K /
    governence
     Salary : $150k .
     No loans to any personell
     No CEO bonus unless profitable
    Ideal Company :
     Reserve / Production  < 1  / not conventional wisdom / $40M cash flow
    
     Reinvestment risk  / Multiple impact ideas w min cap @ risk /
      Deep Water / LNG
    
     Shareholder friendly / is illiquid /
    
     Ken & outside BoD own .58
    
    Buffet 2002 ann rpt : any co worth buying w have to pay taxes -
    Qs ? Sol : outside Gulf of Mex ? not really . Lot of 3d seismic -
      $3M computers in last 6 mo /  LNG plant building in Freeport /
     Crude very vulnerable - -> low 20s / Gas @ 2.15 equivalent to coal
    / 1138 /
    · Cadence Resources (CDNR)  / partner Ryan
     w Breedis o o Argentina - partner /  Oil & Gas development
     in proven production aresa - expects bull mkt /
     chief Geoligist in 70s / was chief geo @ UnoCal /
    
     Utah Company - was in Copper
     3 projects ;
      Red River Arch Wilbarger Cnty TX /  $100,000 cash flow % mo /
      Projection @ 25$ / Bbl / cost 90k to drill .75 sucess /
     W Bridas of Argentina - Drill
      45-50 well on
      Natural Gas in NW LA /  costs  800k$ / .5M compltion / 3 yr rev 2.3 m % well
       $5M tot % well /
     N Michagan Antrhim - unconventional - 7500 producing /
      long production - since WW2 /  10 wells in production /
     well defined stat supply
     US oil peaked in `71 /  5.5MB % D , declining /
     Produce more than discover /
    Gas dif than oil - all new power  / 21 -> 26 in 4 yrs / > 30 TCf in 2010 /
     in 2 yrs - rapid growth - geograp diversity - / plan to list AMEX /
      Finding cost < $1 % MCF /
    / 1155 /
    ·  Double Eagle Petroleum (DBLE)
     Steve - Rocky Mntn leases - ( Gas )
     Drilling development wells - Expect jump in revs on increased
     production & > 4$ gas
     Cost  LOE $ % mcres  .73  down from 1.25
     7 employees /  wells to drill thru 2007
     Researves /\ in WY CO , \/ CA AK
     Pinedale anacline / Buffet bought Williams pipeline to CA /
     has doubled capacity -  1 well % 40 acres -  Borowing @ .04 / doubling # of wells
     some  14000 ft / going to 5 acre wells .  Rather equivalent to Wind farms
     Anadarko in region / Cow Creek /  15 B cf gas since `59 / very artisian -
     1M % day w lots of water /
     Sand flow exponential / coal produces only after dewater /  Drunkard's Wash
    Qs / Chuck / environmental problems in Rocky's ? Power River Basin - Hired ex gov
     / Pipeline capacity Sublet Cnty ( pinedale ) ? 1.7 BCF % Day -
     WY will not exceed last yrs production /
     EIS stmnts ? system project / currently 4-5 in progress in WY - another hurdle
      clicking along - Industry paying for quick studies / Study completion  Late `04
    / 1219 / CS : Pindale : Ultra petroleum leased big chunks before others
     Galaxy a legacy
    ·          Galaxy Energy (GAXI)
     Marc Bruner St : Fndr Ultra  on AMEX > 700M$ mkt cap /
     Non conventional Gas -
     Bruner concept : HorizonExplorationFund Germany $500M euro Swiss /
      mainly for Coal Bet Methane /
      Credit Swiss $.5M into Galaxy - no dilution  / 200 - 1600 feet !
      Galaxy - .15 carried interest , $10k % well fee / .5 LookBack - can
       purchase at cost .
      Powder river studies completed - up to 77000 wells up from 12000 .
     Buffet pipe reduce cost from $2 to $.3 % mcf /
     Quicksilver KWK - - if execute - can be 2.5 as cap efficient as KWK /
     Also in Romania & Australia /
    Qs ? Stein : cherry pick ? must take year's drilling as pkg - they operating /
    / 1233 / Chuck : drill where know gas is - only ? profitability .
      Australia Coalbed Methane huge ( 4M ) acrage
    ·  Gastar Exploration (TSE: YGA)
     Ross Porter : TSE YGA / GSREF.PK us listing / ( been whacked by OPEC 2x )
     140E6 % 98E6 / mkt cap /
     Just gained E TX conventional Bossier Sand  2 unusually hi preasure well fro
     `80s / Sands beneath Bosure -  own .12 of $13M cost well / 1st well
      not mechanically sound /
     Terbidic failed - ( underwater avalanch ) @ 18000 - 20000 .  120 days to drill .
     Randal McDouy - independent assesor / 80 160 acr  / cost 8-9 M % well
      / $8% share value
     FK well - //   600 BCF min reserves /
     Deep play in W VA / flow @ 50 - 250 MCF % D artesian /
     Gastar has seismic / cataloged 100 locations of fractures /  cost $3.5M each -
     12000 ft seizmic - sediment down to  20k ft / .2 cost to NYMeX /
     TCF discovery - cost $4m /
     Another area , exploratory well $300k , then 50 if work .
     SW Australia - good busn environment - / Largest emither of CO2 % capita
     Mid East LGN negotiations drag on / AU / signed Kyoto / English Law /
    
     Netherland Sewell Assoc esti 17 TCF in coals .
     Gippsland Bason - pilot soon /
    / 1300 /
    Qs ? Coalbed Methane tek ? now JM Huber - tek well understood /
      Canada 15yrs behind , AU ? probably ahead of CD /
     How much of WY props end up owning ? .5
    / 1317 / Lunch Talk /
     Barry Sagal : Energy sector / John W was wise sage - Data vs knowledge - wisdom
     - vision
    heard micro - now macro - Global : choke points / BP seminar -
     China & India - China 2%3 coal / 10 yrs ago became consuer , now ahead Japan
      growing .1 / India same - traffic conjestion - consumerism at its best .
     every 2 yrs 500K B % day increment /
     NG in crisis in NA - increasing permanent volitility in mkt .
     not yet seen price induced supply increase .
     LNG already significant in Asia , fledgling here .
     Unconventional NG is the story -  resource base morphing into reserve base
     Russia - resource in east - Use in West .
     UKos -  Will have to reorient toward East / Not yet have an exploration
     led industry in
     need to reabsorb Iraq . Iran mulahs can't live for ever
     Brazil , even India finds /
     CD Tarsands - single largest over next 50 yrs .
     Center of gravity of supply shifting to privatized
     .9 controled by NLCs /
     WY well cost  from $4M now 10 15000ft multizone now $3.5M
     JW : 10 Drs , or engineers - believe ; investment advisors - run .
    / 1334 /
     #ThisWeek 
    / ======================== / mon.oct.20031013 / ======================== / 
    
    19 / Nat Henthoff  675 6th B&N  / 1904 / War on Bill of Rights 
    magic lantern key stroke capture - encroachment by men of zeal /
     history of constituion least taught - / Steven Brill bk : After
     documetation of non-access to lawyers /
    section 215 / resistance building /  185 towns  now passed BoR protections
     AK HI VT - direct local police to report on feds .
     Ashcroft  bringing parts Patriot 2 . Bill Moyers website
     justice dept even leaked / Dick Army : Libertarian - said JoD oo control
     Feingold only Senator voted against Patriot act /
     Sharpton 1st candidate : Dems have larengitis
     Nov 1st week : Jose Pedia vs Rumsfeld - held w/o charges or lawyer
     dirty bomb - / amicus from Fed circuit ct judges & bar - to Pres
     " enemy combatant " / want it moved frm 2nd to 4th circuit /
     Yassir Mamdi - Dumar /  Comey on Padia case - now 2nd in Justice
     Clinton : War on Terrorism w never end .
     future kids w not know anything else . twilight of liberty .
     Coentel probe jury in `50s .
      BoR cmtties goes back to Sam Adams - general search warrent .
     Raliegh Tavern VA , meeting w Jefferson -
     2002 02 Nancy in Northhampton MA   bordc.org /
     Chicago just passed / Stuck in NYC cause of G.Miller
     / 1924 / very dangerous on both sides - only some religious - some nationalistic
     C.Powell : war against civilization
    Justicfe Kennedy : the constitution need regeration each generation
     Sandra O'Conner : most powerfull person in country
     / 1927 / Qs : Things getting bad - weapons chks .
      stripping of citizenship /  conservative libertarian unions strong .
     Distric Judge in Padia ? trying to let padia have wittnesses .
     Judge in Mussia wanting witness - 6th ammedment right -
    District cts been pretty good .
      CL Butch Otter ID rep - voted against - Ron Paul - Kucinich + > 100 Repubs
     got 213 part of non notification - stopped the funding .
    Structural changes ? dimminution of sep of powers - notion that exec has
     powers not reviewable by court /
    Media managing news . If Voice less voiceless ? ACLU list of why unconstitu
     press ignored . Wash Post being harsh on Ashcroft / Andrew Nepolitano
     only constitutional correspondant on TV -
     Educated in our schools . 24 hr media cycle a problem .
     Using torture .  Synergy between print & TV personas
     Letters to Ed most read . / Pedia Hamdi
     ACLU started after 1st WW . Wilson suspended 1st amndmt but had said
      "can't depend on gov to protect liberty "
     Mulkowski AK :
     Social Welfare State erosion of privacy ? no - need fair research
     CD & England long waits .
     Saddam >< Al Quida ? is some evidence -  WNYC - Brian Leherer
     Where are the under 30s ? low voting . more & more in teens & 20s .
      intersting goes across usual grain -  Educational system
     Brennan : how do you get words off page into lives ?
     W side 5th grade sharp . Freedom Forum : 1st amendment highschools
     Principal has press conf like T Blair each week .
     Colleges ? Political Correctness - speech codes - afraid to say anything
     Fndn Indiv Rights in Edu ( NH on board ) .
     Which dem canditate do something on BoR ?
     Clark & Dean like Gore - change clothes every day
      Edwards only one who mentioned Padia .  Bush tone deaf on rights .
     TX passed unanomous pub defender office because locals .
     Nader may run as Dem ? Kinda late .
    Last Q : Recall on Fed level ? problem w recall : Madison beat the king , problem
     problem now is the majority . Likes British system .  / 2004 /
                          / ======================== /
       From: Bob Armstrong < bob@cosy.com >
    Subject: Re: [LPNY DISCUSS] Re: Bad Trials
       Date: Wed, 15 Oct 2003 12:24:04 -0400
         To: < lpny_discuss@yahoogroups.com >
    
    On Tue, 14 Oct 2003 13:29:02 -0000, rhymetofree6 wrote:
    > I do not suggest anyone endorse the notion that particular people got
    > bad trials.  The issue is whether trials have gone bad on us because
    > the people who run them do their own thing.
    
     I got over to see Nat Hentoff talk about his book
       The War on the Bill of Rights and the Gathering Resistance 
     and introduced myself as the Manhattan Libertarian DAD and reminded
     him that we had spoken a few times during my quixotic run at Jerrold
     Nadler in 2000 , which he remembered .
    
     Hentoff mentioned Libertarians several times during his talk , including
     Ron Paul and Butch Otto (rep-ID) by name . My ( raw ) notes are at
      CoSy.com/current.htm#20031013  .
    
      I commented to Nat that his mentions were much kinder than that of
      Tom Tomorrow (  ThisModernWorld.com  ) at a big performance
      art event focused on the managed media at Judson Church on Washington Sq
      last Thursday . Tomorrow , whose showed not only funny but prescient
      comics he did back during Bush pere , had one strip on social security
      showing fat cat capitalists gloating that SS money was better
      spent on their own pate and Dom Perignon . He got a big laugh saying
      now this was the real Libertarian message .
      After the performances , which included one guy who , after a video
      montage of banal news anchors , poked a needle in his arm and dripped
      blood over a sheet of glass which he then karate chopped , I sought
      out Tomorrow and thanked him for at least mentioning Libertarians to
      such a large crowd . It indicated we were making it onto people's
      radar . But , of course , I said his perception was shallow . He
      said the perception on the web is just that LPers are Republicans
      who want to smoke pot .  Anyway , I've since sent him Harry Browne's
      recent   Liberals And War  to educate him .
    --
     As I commented previously , Mumia , whatever the merits , ain't a NY
     issue . If the NY.LP wants to examine a bad case which is local , how
     about checking out the case of David Wong in Suffolk County . I got
     a brochure I've uploaded to  http://cosy.com/Liberty/FreeDavidWang.pdf  .
     I don't know anything else about the case . But this is Local .
    
    
     Hentoff discussed  more generalizable and constitutionally serious
     cases of the Bush executive overriding of habeas corpus , and in fact
     all civil court procedure in the cases of Yaser Esam Hamdi and
     Jose Padilla . These are more insidious in terms of their implications
     because they are intentional policy , not idiosyncratic miscarriages .
     See :
    
       http://www.villagevoice.com/issues/0342/hentoff.php 
       http://www.jewishworldreview.com/cols/hentoff072203.asp 
    -- 
     Bob Armstrong -- http://CoSy.com -- 212-285-1864
    Return our Right to Relax :
     http://ny.lp.org/cgi-bin/petition.cgi?Against_the_Smoking_Ban
    Computing Environment :  http://CoSy/CoSy/
    A WTC vision : http://CoSy.com/CoSy/ConicAllConnect/
    Liberty : http://CoSy.com/Liberty.htm
                    10/14/2003 1:58:37 PM 
    
    / ======================== / tue.oct.20031014 / ======================== / 
    The Donald and Paula Smith Family Foundation  Presents a debate
    
    The American Empire: Effectively Imposing Liberty or Doomed Overreaching?
    Featuring
     Dinesh D'Souza       Fellow at the Hoover Institution,
      Author of New York Times Best Seller What's So Great About America?
     Jonathan Schell      Fellow at the Nation Institute,
      Author of The Unconquerable World
     Ted Galen Carpenter  Vice President Cato Institute,
      Author of Peace & Freedom
    
    Moderator  Lawrence J. Korb  Senior Fellow, Center for American Progress
    / 1842 / 
     Larry - Now have troops in 125 countries .
      AARP w track down Bin Ladin when turns 50 this yr .
    Ted Carpenter , Cato : Peace & Freedom /
     promiscuous global interventionalist . Imperialist oo the closet
     400B$ budget , next Russia 55B$ - more than all others combined
     used mil 9 times in 14 yrs . Outside US people recognise mil is our first
     resort . Now occupying 2 countries .
     Not just preemptive war - outline of expansion - aid .
     Defenders say benevolent . Now focal point for lot of rage .
     "In your face" attitude in moslem countries
     in state of Perpetual war . $400B mil budget large opportunity cost .
     Add $79B + $89B for Iraq alone . / Endangering volunteer army .
     Stressed out active forces . / Domestically - inevitable flow of power to center
     "Empire need an emperor"  / need to return to being object of admiration
    / 18658 / Dinesh D`Souza : Hoover :  Like Henry VIII said to a wife " I won't
     keep you long" /
     Is US empire ? yes . not just mil , but econ & culture .
      previous : Tyranny & plunder - US not meet these criteria
       we believe in ideals .  Self directed life .
     Freedom of speech & religion - we should impose .
     Attack from left and libertarian Bucannanite right .
      " Can't be imposed "  Libertarians say contradictory .
      dead wrong - did in Germany - in our revolution - liberty requires framework
     Can't trust US to do it honestly . - kernal of truth . agrees what gov does
      does badly . But defense necessary .
     Defeat of Nazis & USSR . Liberated Kuwait , Afganistan ?
     Worth kicking out tin pot dictators ? Planting seeds of democracy where
     never known it . "perhaps later in Iran" . / 1914 /
    Don Sifell : Nation / Agrees w Cato / Conservatives : aprobrium
     all 3 of us are saying yes US is imperial power . Bush admin is imperial .
     Already has been harmful to US . Bush @ "West Point" : intends to keep
     mil strength beyond challenge that others can just do trade .
     Preemption & Regime change / Bush : suicide if don't attack anyone
     who may develop weapons w/i few years .
     The Chatterbox on the Hudson will die - conceit of international peace
     thru international law .
     New department of nation building .
     Used to be trotskiite left .
     Disarmament wars - empire /
     Empire from beginning of century now history .
     Iraq policemann : Wash Post : In my heart we w guirillas .
     Non-proliferation not working causing opposite .
    / 1914 / TC : DD confuses influence w dominance . not trying to remake
     planet in own image . But answer not in international institutions , but
     must be realistic abt UN assoc of World's governments . UN needed as
     mediators but not substitute for US sovernty . Need restrained Foreign pol.
     Overlords resented .
    DD : Feel like Mosquito at nudist colony - don't know where to begin .
     Others assuming US empire like Romans etc . what other distributes food
     while warring . Started w guys flying into buildings .
     Bin Ladin facing threat of self directed life .
     Traditionally force should be used as last resort . But need preemption .
      MAD obsolete .
     We are not going to invade Iran or N Korea .
     Squid like logic - Saddam came to power by sword . What is his legitamacy
     moral cover for allowing .
    JonathinS :  Iraq were not guys who knocked down towers . Not issue of
     seding authority in UN - should inject authority in UN .
     Should be international police work . W not be able to control 50 odd
     countries capable of nuks . DD in company of Rouseau .
     140K troops not infection . govs chose democracies by selves . 
                          / ======================== /
       From:  Bob Armstrong 
    Subject:  Re: [lpny_manhattan] The Donald & Paula Smith Family Foundation
                                   debate
       Date:  Wed, 15 Oct 2003 14:22:58 -0400
         To:  < lpny_manhattan@yahoogroups.com >
    
    On Tue, 30 Sep 2003 18:52:18 -0000, Jak Jacob wrote:
    > The Donald & Paula Smith Family Foundation debate
    > The American Empire:
    > Effectively Imposing Liberty or Doomed Overreaching?
    
     I got to the debate , a full house , last night .
     My raw notes are posted on my blogity-blog at
      http://cosy.com/current.htm#20031014 .
    
     Dinesh D'Sousa was flanked by Cato on his left and The Nation
     on his right . And his logic , tho invoking the American ideal
     of "the Self-directed Individual" , was Alpine Lace .
    
     During the Q&A , I got in one of the last questions . Necessarily
     paring down to a single point , I said ( approximately ) :
    
      I'm Bob Armstrong , Manhattan Libertarian DAD , Drug Affairs Director .
      And of all your inconsistent thoughts I'd like to ask just this .
    
      You apparently don't live in here in NYC where a third of the population
      has just been criminalized in the extension of the War on some drugs
      to enjoying the herb that made America in bars that chose to allow it .
    
      Is this the freedom you intend to impose on the rest of the world ?
    
     It got strong applause - I believe , the only question that did .
    
     Given the format , it never got answered .
    
     At the reception afterwards ( snagged 3 Hinnies ) , several people
     complemented me on the question , and I took the time to get one
     signature on the smoking petition .
    
    -- 
     Bob Armstrong -- http://CoSy.com -- 212-285-1864
    Restore our Right to Relax :
     http://ny.lp.org/cgi-bin/petition.cgi?Against_the_Smoking_Ban
    Blog since '97 : http://cosy.com/current.htm#Current
    Liberty : http://CoSy.com/Liberty.htm
                    10/15/2003 1:54:28 PM  
    / ======================== / wed.oct.20031015 / ======================== / 
    
    Wednesday, October 15, 7:00 p.m. – 9:00 p.m.
    "Non-Partisan Elections: Empowering Voters or Dismantling Democracy?"
    Debate sponsored by the NY Young Republicans Club, DL21C and the NY Sun
    The Shelburne Murray Hotel, 303 Lexington Avenue
     http://www.dl21c.org
    / 1918 /
    Alan Gardner - head Charter revision
     9 of 51 already no compete  / 5 not even primary /
     28 no primary anyway /  141000 of 5E6 voted in Sept /
     in those w primaries - every encumbant won .
     We have had a monopoly -
    Howard Wolfson w H Clinton & Shumer
     " eliminating party primaries " . Miniapolis changed '79
     participation decreased . / Chicago - went to lowest ever
     Looked at 45 biggest cities -  notion that low voting means failure
     Democrats run open primarys . Will favor wealthy candidates .
     w undermine campaign fin law .
    / 1936 / Fred Seigel /  .055 in primary - Howard selective in
      wealthy candidates - Bloomberg . People satisfied ?
     .6 of ballot access litigation in country in NY . Gifford Miller
     People make for the exits .
     Council- dog leash length & cyber cafes .
     Campaign Fin - 2%3 went to un opposed candidates .
     more likely to be murdered than defeated for reelection .
     stagnation .
     Reason why have 1 fiscal crisis % decade .
     Will open up 1.3 M  / have to win in second round w .5 /
     common sense .
    / 1943 / Denny Farrel / Rather be watching west wing
     Even indians left the city . Party competition - Ashcroft - chaney Bush
     DeLay - Is problem in NYC . System is open . Urban myth Douglas Kelder .
     knock off kitchen petitions not just technialities .
     Choice - 830000 non afilliated . had the  / punish the 2.7M !
     Could have same day registration & vote . / DF ran against party .
     Giuliani tax cut caused bubble - .
    Qs : Wolfson & Farrell asking :
     What do people wait for in general election ?
      1M have levt since 2000 . DF ratios change over time .
      Common Cause says marching order from mayor : AG : Puzzled by those grps .
      lowest turnout off election -  UFT petition being fought .
     Small election bodes against proposition -
    Qs: FS : Alan Jennings , Anatoli Eisenberg - fraud .
    
    ?s
     vacant office elections non partisan .
    
     I disenfrancisec
    / ======================== / wed.oct.20031015 / ======================== / 
    Lisa Borland, Evnine-Vaughan Associates 
    A theory of non-Gaussian option pricing: capturing the smile and the skew We introduce a new model of stock returns that results in fat-tailed (power-law) Student distributions rather than Gaussians. These distributions are characterized by an index q, related to the Tsallis generalized entropy that we use to model the evolution of fluctuations. For q =1 the standard Black-Scholes case is recovered. Based on this model, which is a statistical feedback process for returns, one finds a martingale representation and simple closed form pricing equations for European calls. Most empirical distributions of returns are well-fitted with q around 1.5. Using that value of q in the option pricing formulas yields results which match empirically observed prices and volatility smiles very well (for example for options on currency futures), using just one value of sigma across all strikes. In a simple manner, we also show how this model can be extended to account for skew.
    
     Parsimonious model \ here 1 volility & 1 skew param
      Fokker-Plank Eau / dP/dO = d2o/dt2 /
    
      dO = P[ O ] ^ 1-q ) do  / q generally > 1 /
     Collective behavior of traders  - stat feedback process =
     NonLinear fokker Plank
     Student(Tsallis) Dist /  - non-extensive entropy /
      q = 1 is std model /   q= 1.43 fits Nadaq 2001 .
    
     w skew  / dS = uSdt + sigmaS^a dO
    
     q=1 recover Cox & Ross , multi-D particle .
    
     porous medium difuussion - w clogs or scowering .
     price dependent vol  - barrier dependencies .
    
     q= 1.5 ~ equivalent  T w 3 deg free .
    / ======================== / thu.nov.20031106 / ======================== / 
    / 1000 - 1300 /  Friedland MicroCap Conference  Harvard Club
    / 1830 / The Donald & Paula Smith Family Foundation : Debate : Media Bias:
     Is the News Fair and Balanced & Fit to Print?
    / 1843 / Don Smith / Arron 286th of 30000 in marathon / next 2nd Tuesday Dec 9
      Nation under God
     Moderator : Terence Smith : Media Correspondent, PBS' The NewsHour with
      Jim Lehrer
    / 1846 / btwn 2 authors - WDC : Hollywood on Potomic . CBS collapse on Reagan
     series . Viacom media ownership issues before congress . WDC - capital of
     Political Correctness
       : ( Ford Carter Nixon ; hear no , see no , evil ) .
       News bias towards news .
     Joe Conason , Columnist for the New York Observer and Salon,
      Author : Big Lies: The Right-Wing Propaganda Machine and How It Distorts the
       Truth
       review : right wing mendacity .
      / central theme : Media not have liberal bias . 1st just talking News Media
       feels overwhelming conservative bias bought w own money / NPR 2nd after
        Limbaugh . News Hour fair & Balanced . /
       Conservatives stay angry even when winning /
       Murdock own Harper Colins - passed on Ann Coulter Slander / Liberal published
     William McGowan , Senior fellow , Manhattan Institute,
      Author : Coloring The News NatnlPressClub award for book -
       picketed by Hispanics .
      review : Awkward facts - illiberal press restricting rree flow of ideas .
     / 1904 / 250 pages of facts . Diversity crusade over last decade - minorities
      in media positions . impact on coverage -  / Jason Blair NYT fiasco .
      Culture wars -
     JC : Condolisa Rice : diversity dificult . / New Republic - 2 cases
      Steven Glass
     WMcG : bias toward Identity Politics . Reporters Very lop sided self
      identification as liberal . Top 7 columnists are conservative .
     JC : Owners hire the editors . Told Al Franken after Fox lost F & B law suit
      that they should change slogan to what Judge said : Totally without Merit .
     WMcG : No story abt forced bilingual ed in CA / couldn't get reporters to
     understand their reality . Edtior said going after upwardly mobile
     JC : Commercial decision / Unions most under reported . pursuing mkt
      interests .
    
     
    CoSy
    Ultimate Executive NoteComputer
    Note : I reserve the right to post all communications I receive or generate to CoSy website for further reflection .

    Contact : Bob Armstrong ; About this page : Feedback ; 212.285.1864
    Coherent Systems / 42 Peck Slip 4b/ New York NY 10038.1725
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