FROM PHOENIX, ARIZONAGLOBAL AFFAIRS
Phoenix 1. Wall Street Casino Revisited
Former Salomon CEO Agrees with Us: Watch Out When Investing at the...
1. Wall Street Casino
Gutfreund Says Laws Need to Be Changed Before Investor Confidence Can Return
PHOENIX, June 21 - Mark this day... summer solstice 2002. Just a few moments ago, we were stunned (and pleased) to hear what John Gutfreund had to say, speaking "live" on CNBC (at about 2:16 EDT). The former Salomon CEO, who was forced to resign in 1991 amid another corporate scandal, sent this message to the investing public:
Well, we said the same thing in a 1997 letter to the SEC and a number of U.S. Senators (see "Some IBM Insiders Cashed In..."). But no one in Washington was listening five years ago, when we called for a change of rules.
We are also "pleased" because we have been saying at least since 1997 that Wall Street has become a casino, and that corporate fundamentals have little to do anymore with stock values.
Now that several corporate scandals break out almost every day, it may be useful also to remind our readers and the investing public of what we said four years ago in "Corporate 'Cabbage Patch' Dolls of the 1990s" ( Annex Bulletin 98-39, Oct. 1998). That it's their own fault if they allowed themselves to be played for suckers:
"The Great American Hoover," this writer's Washington Times column (1997):
"When Will Wall Street's Bubble Burst?", this writer's Washington Times column (1998):
"Where Armonk Meets Wall Street, Greed Breeds Incest", an Annex Bulletin, Nov. 1998:
"Wall Street Boom, Main Street Doom," this writer's Chronicles magazine column (1998):
"From a Nation of Producers, to a Nation of Gamblers ", a 1999 Annex Bulletin:
And so on... click on the following links to read our other stories on the same theme:
PHOENIX, June 26 - Just saw the subject Associated Press story. Can you believe this? At first, we thought it was a joke. It was not.
"Federal Appeals Court Rules Pledge of Allegiance Unconstitutional Because of Words 'Under God'" (June 26)
SAN FRANSISCO (AP) - For the first time ever, a federal appeals court declared the Pledge of Allegiance unconstitutional Wednesday because of the words "under God" added by Congress in 1954.
The 9th U.S. Circuit Court of Appeals said the phrase amounts to a government endorsement of religion in violation of the Constitution's Establishment Clause, which requires a separation of church and state.
"A profession that we are a nation `under God' is identical, for Establishment Clause purposes, to a profession that we are a nation `under Jesus,' a nation `under Vishnu,' a nation `under Zeus,' or a nation `under no god,' because none of these professions can be neutral with respect to religion," Judge Alfred T. Goodwin wrote for the three-judge panel.
The appeals said that when President Eisenhower signed the legislation inserting "under God" after the words "one nation," he wrote that "millions of our schoolchildren will daily proclaim in every city and town, every village and rural schoolhouse, the dedication of our nation and our people to the Almighty."
The court noted that the U.S. Supreme Court has said students cannot hold religious invocations at graduations and cannot be compelled to recite the pledge. But when the pledge is recited in a classroom, a student who objects is confronted with an "unacceptable choice between participating and protesting," the appeals court said. [...]
For the rest of the story, click here.
No wonder God seems angry with America, and terrible things are happening to us. For, so many of us have abandoned Him - in deed, and even more - in fact. As one of our readers from New York put it last October 9, in response to our editorials about the post-911 national hysteria and "God bless America!" pleas.
[and now, out of its Constitution, too! - TiM Ed.]; when we recognize homosexuality as an 'alternative lifestyle,' when anti-American forces, using the 1st Amendment, are fighting God, tooth and nail, everywhere?"
(see Item 5 in TiM Readers Forum).
Wonder when and how "they" (the godless New World Order leaders) are planning to remove "In God We Trust" from our dollar bills? Maybe by having giant Fourth of July money-burning bon fires across the nations, instead of the traditional fireworks? Whereupon, they would introduce a new atheist fiat currency, like the "euro?"
Is that why the dollar has been plummeting against foreign currencies in the last several months? Or is it just because the world sees how Bushwhacked this country really is, even if most of our ostrich-citizens don't?
heads in sand,
tails held high,
Our brains dumbed dry,
Our pockets picked clean,
In the Wall Street canteen.
Tricks with Dirty Bombs," "Bush
League All-Stars," “Enronizing
Pretzelitis:” New Alzheimer Strain Strikes Potus Potatus Primus
and for others on Global Affairs.
Also, check out... Djurdjevic's WASHINGTON TIMES columns: "Christianity Under Siege," "Silence Over Persecuted Christians", "Chinese Dragon Wagging Macedonian Tail," "An Ugly Double Standard in Kosovo Conflict?", "NATO's Bullyboys", "Kosovo: Why Are We Involved?", and "Ginning Up Another Crisis"
Or Djurdjevic's NEW DAWN (Australia) magazine columns: "Macedonia: Another Farcical American Oil War," "Anti-Christian Crusades," "Blood for Oil, Drugs for Arms", "Washington's Crisis Factory," and "New Iron Curtain Over Europe"