============================: TUE.FEB,000201 :============================
-4| LinuxWorld Javits
16:15| NYSBC (DPH)000201 Delphi Automotive Systems . Harry`s @ Hanover
213k employees - largest employer in MX . , 2nd behind Bosch in
Europe . UAW works w them - 28+B$ rev .
28.5E9 % 213E3 |>| 133802.82
16K engineers ww . R&D .06 of sales - .75 of GM IP w Delphi .
5500 ww Patents : - electronic powerstearing - Fiat VW . improved fuel econ
Mkt cap 8B$ | Future : Modular shassis & chassis Systems - wheel by wheel
braking existance . adaptive cruise control - Jaguar beat Mercedes to mkt .
New doors opened by spinoff frm GM . `99 sales to cust ~ GM : 7B$ |
Long term competitively bid contracts w GM .
MobilMultiMedia . 2.5B$ order frm recent Trade Show . 100 sat radio chnls .
GPS , Internet - Voice reads eMail , blue tooth . cellphone knows is in car
. Seat back TVs . flat synthisized parabolic roof antenna .
seamless cockpit environment . IRDA notebook communication .
Delphi/Delco | Cockpit provider for Mercedes M class . 1M pits % yr .
Airbags . > .5 ww mkt for Wiring harnesses - Citroen .
grew E%S .22 vs projected .2 || Rev 28.5 to 29.2 B$ | w GM work stoppage .
Spending money more efficiently . 750M$ % yr for pensions - most current
stayed w GM . | Chmn .9 of comp in Stock Appreciation .
2.5B$ free cash flow | net income marging aiming .05 by 2002 .
.16 .17 growth y to y for next 3 .
Dozen Brokers have on Out Perform list . |17:16|
|17:16| ?s : HL : other mkts ? Boeing wire harnesses . Gold dot connectors .
Nokia cell phones . 100s . Bump Chip tek . Low cost .
Clare : how much is GM ? .73 down from .9 . Keeping GM busn , adding .24
growth outside .
Net profit ? Electron . .2 | overall .037 | Labor rel ? work w them - no
surprise attacks . Ed Fry IntlnUnionElec workers addressed board . UAW rep
for | Labor exempt from Sherman act . monoply exemption under Claton act ?
GM had >1B$ strike couple yrs ago . reduced mngt pay for duration of strike
| Beyond compative relationship | Abe : Hybrid cars ? Lithium Polymer .
Fuel cell - reformulate alchol to H2 , w BMW , Toyota , .
JIT deliveries ? 2.5B contract - w GPS enhanced trucker - w reroute trk .
HL : who owns stock ? Mngt GE & Delphi shareholder .09 , Delphi 900k shares
for dir | inst .46 | Why P%E 9? . IPO @ 17 , up to 22 ,
Parts suppliers missed forcast - surpessed whole segment , now trading up
to 17 from 14 | since LV , lots of interest in electronics . |17:33|
============================: WED.FEB,000202 :============================
|13:24| CSPAN : RonPaul( rR-TX) giving great speech on Liberty
17:45-19| ArthurWhitney BoF @ LinuxWorld : K & Web-based time series
analysis on massive amounts of data in real time .
============================: THU.FEB,000203 :============================
18:30| Libertarian Junto
============================: FRI.FEB,000204 :============================
CoSyGathering 13 CG000204
|18-20| 800 2nd Av , Fl 2 . Barbados Consulate . NYC Caribbean Fotos .
============================: SAT.FEB,000205 :============================
18-20| 529 w 20 . Gang Gal .
============================: THU.FEB,000210 :============================
Westergaard QUOTE OF THE DAY:
You are cordially invited to
The 14th CoSy
Mid Winter Gathering .
Bob Armstrong , Libertarian
for New York 8th Congressional District
Campaign Kickoff and Voter Registration Drive
| TO LIE IS TO
TAKE NOT MAKE |
Aboard The historic LightShip "Frying Pan"
63 on the Hudson @ 23rd , around north side of of BasketBall City ) ( Bring
a camera )
Friday , February 4 , 19:30 ( 7:30PM ) ; Some words @ 21:00 .
http://cosy.com/cal00/cg000204.htm for complete Invite .
--- BobArmstrong -- http://CoSy.com -- 212-285-1864 ---
---- http://www.boba-in-y2k.org ----
============================: SAT.FEB,000212 :============================
[ 000213| Finished "Conspiracy of Ignorance : The Failure of American Public
Schools" by Martin Gross . See : Junt0002 ]
20-| 26 Greene . Opening .
21:30| 433 Park Av S ~ 29 . Desmond`s . House of Fiction $5 .
============================: MON.FEB,000214 :============================
Marijuana related arrested 1998 : 682,885 | Source : LP.org
18-20| 60 Lispenard St Kenny Schacter
============================: TUE.FEB,000215 :============================
|10:31| Diallo shooting Trial The total mind set of the
officers was so warped . It is Wreckless Disregard for Human Life .
|12:20| How could it not occur to the Officers that Diallo was desparately
trying to hand them his wallet .
18-20| Bits, Bytes & Bar , American Park @ the Battery . ( opposite 17
State St ) comps Moser&Moser LLP .
E 1.8E12 % 600 |>| 3G
============================: WED.FEB,000216 :============================
17:30| John Westergaard / Strain00 Small Cap Oil Recption . Waldorf .
============================: THU.FEB,000217 :============================
John Westergaard Strain Small Cap Oil conf . Waldorf Astoria .
LP Manhattan Founding meeting .
18-20| 594 Bwy #305 , Atelier ; Alexis Shomar-strelitz | 431-0630
19-22| 7 E 27 . Gershwin Gal
============================: SAT.FEB,000219 :============================
16-18| 594 Bwy . AmosEno . Soile Yli-Mayry , Finland .
18-20| Feldman 31 Mercer .
18-20| 529 W 20 . Kim Foster . | 531 W 26 . Lombard-freid .
============================: TUE.FEB,000222 :============================
-24| 11-18,18,16 | IT for Wall Street Javits
============================: WED.FEB,000223 :============================
|23:46| Louie : Barret` esophagus - like JackKlugman .
16:15| NYSBC(NYMX)0002 Alzheimer , AntiBacterial . Harry`s @ Hanover Sq
18:30-20:30| Sequoia Software Forest 1 Rm . W . 541 Lex . RSVP
============================: THU.FEB,000224 :============================
Equities Mag Emerging Growth #8 . Grand Hyatt .
18-| Culver Military Academy Reception , Lucent , 32 Old Slip
18:30| SigAPL . 1251 6th Av Fl 20 . Philips NA . CorySkutt : APL/Genera
============================: FRI.FEB,000225 :============================
|14:31| CSPAN : Thurday`s Senate Heating Oil Price hearings :
Clinton/Gore Ecofantisies coming home .
============================: SAT.FEB,000226 :============================
12-20| Armory Art Show @ Javits North Pav . $12 . Peterla Party
++++++++++++++++++++++++++++: SUN.FEB,000227 :++++++++++++++++++++++++++++
|17:32| CSPAN Gvnrs Assn . ThomasFRiedman : NYT Foreign Affairs Col .
============================: MON.FEB,000228 :============================
"Our greatest polluter is the US Military, "
18| Cornell Club , 6 E 44 , Federalist Society : "Should Social Security Be
Privatized?" . Law prof Lance Liebman & Michael Tanner of Cato.
No charge, no reservations. Moderator, Shirley Kram, a federal judge.
|18:55| |19:1| Program : Nicholas Stathus : Mark Schulman . Judge Sherly ? NY
|: is SS a bad deal for today`s workers . SS backers claim system
lowest admin cost . MichaelTanner - Health & Welfare .
LanceLiebman Dir of Law , Columbia U :
|19:6| Tanner : Primary in VA - got away from Pol cmercls .
SS 65 yrs done what set out to do . Falling off Empire State Building l
Big Big Splat coming - 2014 w be in deficit . then w draw down trust fund
til 2033 . Trust was all spent - balkens , spcl processors
All bonds against future tax revenue . | Dorgan drive to see Bonds
Trust fnd or no , 2014 taxes w have to go up l
.8 americans pay more SS than anything else . .125 needs to rise to .18
to meet more pessimistic forcast : need .28 tax .
Soln : import immegrents for working life .
Young worker can expect return : median .01 , mean -.
S. Central - Compton ave . cpl earnign 25k each - payin > 5000 $
Must live to 72 to receive any return .
if a .07 compounding , > 1M$ .
Woman entitled to no return for women`s work outside home .
65.5 yrs - lot infant & young . poor don`t live as long as wealthy .
Rand found transfers from poor to rich , black to white .
Is " Bleeding Heart Libertarian " . How get stablity - accumulate
& pass on | every worker a capitalist .
Dignity : No legal right to your money back . allow any changes .
can go hat in hand to gov when 65 .
Indvidually owned accounts . Australia , GB , China allows %2 ,
SS invented in 1890s in Prussia .
|19:23| Lance Liebman : was debater , lost to JohnKoskman was Clinton Y2k
advisor . Had to take dead side on Better Red than Dead . lost .
Take in 500 B$ , Pays out 400 B$ . Mother very happy . very efficient
Roosevelt for tax & spend . Middle of depression - people starving .
Flemming v Nestor - sent back to Bugaria and SS never repaid .
Have long term commitments .
1) note sys used for Disabled - not efficient - hard to run .
2) Survivors benefits .
Chilean sceme hi tranaction cost .
Regulation . Gov Guarentee ? - moral hazard .
Which investment allowed ?
Gov itself run fund ?
SS has been sucessful in caputuring legitimacy - dispite based on series of
Brandis > Sec Perkins : The Spending power , my dear , has all the power
you need | so taxing & spending portions to get around consti
FDR : " There has been in your name on this day , a savings account . "
Extremely difficult to get pop to realize .
|19:41| MT : Agree , starting w fact Gov lies .
Admin cost ? East German Traba car $500 - never ran . West had Mercedies
costs .35 - .55 basis points , Mutuals range .1 to 300 basis pts
Disability tuffer - some solns , but reform that later .
Archer Shaw SS bill moral hazard disaster .
Same restrictions as on Fed employee plans , K401 .
Pay off current " Charge card " .
Have to pay off sooner - will cost less .
Agree Not a spine w/in WDC city Limits .
|19:48| Aud : George Fitz : published articles : Congeress Woman panel .
Analysed actuarial reports - just to get hands on broker fee .
McCall used brokerage $ for political uses .
Save SS all fraud . | MT : assumptions on Econ growth too low .
SS uses life expectency 2 yrs short . Still bad deal even if .
EdwinThompson : Where have choice to leave - leave in droves .
LL : Scandals in Britan . But people don`t self insure sufficiently .
Japan 20 yrs ahead in crisis in terms of ratio of workers to retirees .
GF : 13 assumptions in the reports to Chief Actuary who is honest . 2034
Mark Schulman : Outflank CATO : Why any natnl system ? MT : don`t
disagree - Moral hazard of those who
Miltan - 3 way take , anuity from monopoly .
Aud : Vangard .19 basis pts , why .35 - .55 estimate of admin ? .
SS has other reporting system - | Compulsion costs money . Churning . |
Aud : how protect ? Mailman doing it .
LL : Isolated poor return time interval ? Birth steadily going down , Life
expectancy up . SS like python eating a lightpole .
Private ez /
Me : Illogc assumption that SS welfare is more charitable than each of US
Aud : Hearing political specturm from M - N . Ponzi .
Fed ins " Contribution" . | put cap on voting age .
Right to fail . I`ll take responsibility to
Estate`s attny . - purpose to keep p | should be administered as
Sequestered Fund ? Tried in `35 - Money as to go someplace .
Young guy : SS just a transaction cost & opportunity cost since
just taking from me to give back later .
Buddy : Privatizer , pressure for gov to make good ? English Privatiziation
failure costs . MT : England .8 corp pensions thru tax credits .
.2 had no employer place to put SS . Fraudulant ins selling .
============================: TUE.FEB,000229 :============================
-0302| Internet & Electronic Commerce Conf . Javits .
|11:45| CSPAN : Alan Keyes in Woodbridge VA , Sun .
Brilliant as usual . Excises tax after you`ve decided where to
spend it . Only major difference between him and me is our religions .
So Long As The
"Issue" Is Attitude :
"As unsympathetic as reporters may be to the First Lady, they have, in a
desperate search for news from her campaign, obscured the extent to which
her remarks routinely drift off into a haze of good intentions. Mrs. Clinton
brings to her public appearances a great deal of poise and seriousness of
purpose, which, more than anything the actually says, is what the events
tend to be about. This was the singular insight of the First Lady's
unprecedented 'listening tour', during which she tried to elevate nodding
into a kind of political philosophy: so long as the 'issue' is attitude, a
politician doesn't have to say much of anything to make a point." _..
Elizabeth Kolbert, The New Yorker, February 7, 2000.