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Author Topic:   Corporate Collapses
AmericaFirst
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Posts: 58
From:Main Street, USA
Registered: Aug 2000

posted June 30, 2002 02:12 PM     Click Here to See the Profile for AmericaFirst   Click Here to Email AmericaFirst     Edit/Delete Message
Years and years of the Clinton adminstration punishing big business has resulted in this complete corporate decline. It will take reform and a strong Bush policy to bring it all back the way it was when we flourished in the 1980s. I don't know if GW Bush is as strong as Ronald Reagan, but this country needs him to be.

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fred
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Posts: 7451
From:Redmond, WA
Registered: Apr 2000

posted June 30, 2002 02:35 PM     Click Here to See the Profile for fred   Click Here to Email fred     Edit/Delete Message
I seem to recall that Clinton's policies only resulted in the greatest bull market in the history of the country. The republicans are the bears here.

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FilmGuru
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Posts: 237
From:Hollywood USA
Registered: Dec 2000

posted June 30, 2002 03:40 PM     Click Here to See the Profile for FilmGuru     Edit/Delete Message
Bush's strategy of being aggressive whenever there is a problem and making statements to the public will one day backfire on him. He's turning problems that his administration may have caused into blaming others for those problems. And that sucks. He knows the American people like a President to address problems and get angry at others - saying that he is looking out for the American people. And that the American people deserve answers. This strategy will bite him in the ass before re-election time.

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jpgordo
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Posts: 2899
From:Studio City, CA
Registered: Apr 2000

posted June 30, 2002 07:28 PM     Click Here to See the Profile for jpgordo   Click Here to Email jpgordo     Edit/Delete Message
We're not going to see any further major corporate deaths. I think the worst is over.

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HollywoodProducer
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Posts: 2464
From:La Canada
Registered: Jun 2000

posted June 30, 2002 07:52 PM     Click Here to See the Profile for HollywoodProducer   Click Here to Email HollywoodProducer     Edit/Delete Message
I look for AOL Time Warner to be acquired very easily by a company like Microsoft. It could happen.

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g2
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Posts: 1470
From:LaLaLand, CA USA
Registered: Jun 2000

posted June 30, 2002 08:07 PM     Click Here to See the Profile for g2     Edit/Delete Message
Okay, I'm going beyond the scope of just this topic here, but... is it just me, or does the human race (with our Proud country leading the way) seem to be hell bent on self-destruction?

I guess I can't really ruin this topic, so if I want to ponder, I'll have to start a new one -- which would cause most to roll their eyes and the only responses would be from those that get pissed off and become convinced that PeopleHater is really me...

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fred
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Posts: 7451
From:Redmond, WA
Registered: Apr 2000

posted July 01, 2002 03:57 PM     Click Here to See the Profile for fred   Click Here to Email fred     Edit/Delete Message
If PeopleHater isn't you... then who could it be?

This world IS bent on self destruction and it will be sooner rather than later. Most people don't think it can happen in our lifetimes - but I'm not so sure about that. Something BIG - bigger than 9/11 is coming. I feel it. All we can do is PARTY ALL THE TIME until it happens.

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Moby
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Posts: 72
From:NYC
Registered: May 2002

posted July 01, 2002 05:10 PM     Click Here to See the Profile for Moby   Click Here to Email Moby     Edit/Delete Message
No SEC questions yet for Cheney
- - - - - - - - - - - -
By Sandra Sobieraj
July 1, 2002 | WASHINGTON (AP) --

Vice President Dick Cheney, who ran Halliburton Co. when it adopted accounting practices that now are the subject of a federal inquiry, has not been contacted by Securities and Exchange Commission investigators.

The investigation of Halliburton is more than one month old and SEC Chairman Harvey Pitt said over the weekend that Cheney is not immune to inquiries. But vice presidential spokeswoman Jennifer Millerwise said Monday the agency has not approached Cheney for an interview or documentation.
Asked if he was prepared to cooperate in the investigation, Millerwise replied, "I'm not going to speculate on what the SEC will or will not do."

SEC spokeswoman Christi Harlan declined comment.

Cheney was chairman and chief executive of the oil field-services giant from 1995 to 2000. The company announced on May 28 that it had received notice from the SEC that the commission was looking into Halliburton's accounting methods -- adopted in 1998 -- for reporting cost overruns on construction jobs.

In response to questions about whether Cheney knew about the accounting changes when they were adopted, Millerwise said Monday, "If you have a question about Halliburton, I suggest you call Halliburton."

A Halliburton spokeswoman said she didn't know whether Cheney knew of the change. His successor at Halliburton's helm, David Lesar, was out of the country and could not be reached for comment.

Halliburton is the latest energy and technology company to be investigated by the Securities and Exchange Commission since energy trader Enron Corp. collapsed amid accounting questions.

President Bush is eager to blunt political fallout from the recent rash of corporate scandals and to contain the economic turbulence. On Monday the president renewed his message to corporate miscreants. "I intend to fully enforce the law when people cheat on the balance sheets of corporate America," Bush told an audience in Cleveland.

Pitt has made clear that the administration's stand applies to Halliburton. "We don't give anyone a pass. If anybody violates the law, we go after them," the SEC chief said Sunday on ABC.
Halliburton officials have said they believe the SEC investigation was prompted by a New York Times article May 22, which reported that the company altered its accounting policy in 1998 to start booking revenue from cost overruns in big construction projects before customers agreed to pay the excess costs.

Last month, chief financial officer Douglas Foshee told The New York Times he could not imagine that Cheney had specifically approved the change, which he called "a routine decision dictated by a shift in Halliburton's business mix." He did not directly address the question of whether Cheney knew about the change, however.
Before 1998, the company had been more conservative, reporting such revenue only after settling with customers.

Shares of Halliburton were down 78 cents, or more than 4.8 percent, to close at $15.16 in trading Monday on the New York Stock Exchange.

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FilmGuru
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Posts: 237
From:Hollywood USA
Registered: Dec 2000

posted July 01, 2002 11:58 PM     Click Here to See the Profile for FilmGuru     Edit/Delete Message
I think AT&T could actually collapse. They've got some trouble.

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g2
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Posts: 1470
From:LaLaLand, CA USA
Registered: Jun 2000

posted July 02, 2002 02:28 PM     Click Here to See the Profile for g2     Edit/Delete Message
Going back a few posts: Fred -- I am not PeopleHater, though I have been called one. And it's not "this world" that is bent on self-destruction, it's the HUMAN element destroying everything including self. Let's not lump in all other life here. (In fact, it's just that human superiority complex -- thinking human life is superior and more important than any other; in fact the only one of import -- that is at the root of the problem.)

Oh, fuck it. I agree with you -- let's just party ourselves into oblivion meanwhile. Hanging onto faith in humanity is just too damn hard. Cheers!

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fred
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Posts: 7451
From:Redmond, WA
Registered: Apr 2000

posted July 02, 2002 04:48 PM     Click Here to See the Profile for fred   Click Here to Email fred     Edit/Delete Message
Finally, a breakthrough!

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jpgordo
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Posts: 2899
From:Studio City, CA
Registered: Apr 2000

posted July 07, 2002 11:50 PM     Click Here to See the Profile for jpgordo   Click Here to Email jpgordo     Edit/Delete Message
With Merck reporting $12.4 billion that it didn't actually make (plus the tons of insider trading that happened on that stock on Friday) we can now see the beginning of the total collapse of capitalism. There will be a return in the next few months of the hard left. Capitalism isn't that hard. A company makes this much and spends this much. Whatever is leftover is profit. That profit is recorded so shareholders can determine the worth of a company. That's it. Any lies recorded are because of the greedy fucks that are hellbent of bringing down this country for personal gain.

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jpgordo
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Posts: 2899
From:Studio City, CA
Registered: Apr 2000

posted July 08, 2002 12:52 AM     Click Here to See the Profile for jpgordo   Click Here to Email jpgordo     Edit/Delete Message
IMF warns of dollar collapse!
http://news.bbc.co.uk/hi/english/business/newsid_2097000/2097064.stm

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g2
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Posts: 1470
From:LaLaLand, CA USA
Registered: Jun 2000

posted July 12, 2002 03:31 PM     Click Here to See the Profile for g2     Edit/Delete Message
I sit just me, or is this all like the car wreck people can't seem to help but gawking at? I mean, it's all rather fascinating, in you're interested, but does it really matter?

In the immediate, people are resiliant and change usually occurs slowly -- but even quickly, people adjust. In the big picture, can you even imagine anyone (assuming the human race survives it's own self-made executioner that long) caring in 5000 years?

Even when I was a school kid, most weren't interested in history -- I was a freak in that way. And now -- hell most adults, let alone kids, can't even name top government officials beyond the pres and veep, much less... well, I'd venture to say that 98% of Americans under 20 haven't even heard of the Sapnish Civil War and worse at least half don't know who we were fighting in WWII.

It is an interesting academic study, but... oh hell, as I said, it's too damn hard to have faith in humans. Watch for humour sake -- much like televangelists -- and then just enjoy life.

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jollyjoe
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Posts: 1583
From:Los Angeles
Registered: Apr 2000

posted July 12, 2002 05:27 PM     Click Here to See the Profile for jollyjoe   Click Here to Email jollyjoe     Edit/Delete Message
In the scheme of things, the cocktails I'm going to have this weekend won't really matter much in a few years, but I do enjoy talking about it. Oooh... that frosty draft... mmm-hmmm... ice cooooold! A little tequila... a little Corona... hmmm-mmmm....

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