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EUROPE
AT DAWN OF WAR: RANDOM NOTES
I
was in Paris the day Gulf War II broke out. Two days
later I was back in Florida with a head full of notes.
A few newspapers and websites call me a business columnist. But, I'll always
be an old New York and New Jersey police reporter at heart.
As war images dominate all our waking hours, here are some items far behind
the headlines garnered from a business trip to Europe.
MORE
THAN JUST IRAQ STRAINS EUROPE’S FUTURE
ANTWERP,
Belgium (Mar. 15, 2003)—Queen Elizabeth cancelled
a visit to Belgium this week because of international
tensions, and one London daily’s headlines now
spell the name of France’s Jacques Chirac as “chIRAQ.” These
are just signs of rough times between the Euro World,
the United Kingdom World, and the Rest of the World.
WELCOME
TO THE NO CODE, DRESS CODE
BOCA
RATON, FLA. (March 6, 2003)--It
was a modest inquiry about
dress codes or the lack thereof,
but it triggered thoughtful,
diverse, and sometimes rip-roaring
responses.
TRUST
CBS-TV? I'D RATHER NOT
BOCA
RATON, FLA. (Feb. 25, 2003)--At this writing, it seems
to me that
CBS-TV News anchor Dan Rather has been snookered by Saddam Hussein
and his
handlers.
"I
hate to be the one to say we need to
prepare for an unprecedented fourth
straight down year in the major U.S.
markets since 1926, but the charts
are persuasive." more...
EARTH
TO BUSH: IT'S CAPITAL GAINS, NOT DIVIDENDS!
President Bush's
proposal to cut or eliminate taxation
on common stock dividends is a
positive move toward overall tax
reform. Yet, it pales in comparison
for the need for a genuine, significant
reduction--or elimination--of the
tax on capital gains.
THE
STROM THURMOND TRENT LOTT NEVER KNEW
BOCA RATON,
FLA. (Jan. 1, 2003)-Let us
start the New Year by clearing
the air about an aspect of the rise and fall of Sen. Trent Lott
(R-Miss)
which has bugged me from the moment I watched Sen. Strom Thurmond's
(R-SC)
100th birthday party on cable TV.
MAYBE
FRIST FORTUNE CAN RUB OFF ON THE NATION
NASHVILLE,
TENN. (Dec. 28, 2002)--Senate majority leader-designate
Dr. Bill Frist (R-Tenn)'s seems to ahvwe led a charmed
life. This week his 19-year-old son, a freshman at
Princeton, walked away from a small plane wreck near
here with only minor injuries--a holiday blessing to
be sure.
EXCITING
WAL-MART AND McDONALD'S GAMBITS
Wal-Mart Stores,
the world's largest retailer, and
McDonald's, the
biggest restaurant chain, have stirred Wall Street in recent weeks.
Both have made bold headlines, and it might be surprising to some
investors, that both provide fascinating and potentially windfall
opportunities.
PLAIN
JANE MUTUAL FUNDS COULD BE BEST
BOCA RATON, FLA. (Dec. 4, 2002)--When it comes to long-term mutual
fund
investing, perhaps it's best for most investors not to try to "reinvent
the
wheel."
WHAT
WALL STREET NEEDS FROM SANTA
LAKE
WORTH, FLA. (Dec. 11, 2002)--Santa George
looked down from his sleigh and decided
that Wall Street needs a new ribbon-wrapped
Treasury Secretary, SEC Chairman, and Chief
Economic Advisor. Santa George was wrong.
EMPEROR'S
CLUB HAS WALL STREET LESSONS
LAKE
WORTH, FLA. (Nov. 25, 2002)--Kevin Kline's
new Thanksgiving week flick "The Emperor's
Club" won't beat Harry Potter or James
Bond at the box office, but perhaps it should
be mandatory viewing in the front office.
THE
WAKE THAT WOKE UP THE BULL MARKET
BOCA
RATON, FLA. (Nov. 6, 2002)--Little did the
late Sen. Paul Wellstone know that his own
wake could have been the catalyst for sparking
a bull stock market rally.
OPEN
LETTER TO FORD. BEFORE IT'S TOO LATE
"Make
it patriotic and cool to own shares of Ford,
before it's too late."
MORE
THAN 3,000 PEOPLE WERE KILLED AS THEY
GOT THEIR COFFEE, ANSWERED THE PHONE,
AND TOOK A PLANE TRIP TO SEE THE GRANDKIDS
Mr biz responds to an email
TABLOID
ADVICE FROM THE REAL "TAILOR
OF PANAMA"
With
apologies to John Le Carre and a grade
B movie starring Pierce Brosnan, we take
you now to Panama´s sleaziest, but
largest-circulation newspaper, for advice
on business, life, and the human spirit,
as told by the real ¨Tailor of Panama.¨
First, with due respect to the tabloid La Critica, which thankfully
cuts through the daily political pomposity of some other dailies,
today they did have the good sense to put the indefinite postponement
of the space journey of boy toy Lance Bass on page 30. more..
IF
TOMORROW NEVER COMES...IT WON'T
MATTER
El
Valle de Anton, PANAMA (11 Sept 2002)--Three
thousand people going
about their business one year ago, learned that if tomorrow never
comes.
means more than the poetic title to a Garth Brooks song.
There are no guarantees of another precious day of life. There
are no
guarantees that unsaid words of love, or a hug today, can be made
up tomorrow. more...
A
WEIRD (MONTE)VIDEO GAME
LAKE
WORTH, FLA. (Aug. 7. 2002)--I'm not an investment
banker in Uruguay
nor do I play one on TV. But what if--just what if, I'm on to something
here?
I literally shook my head upon awakening at my usual 4 a.m. the
other morning
to check international markets, to clear the cobwebs and my ear
drums when I
heard that U.S. Treasury Secretary Paul O'Neill was enroute to
the capital of Uruguay
with a $1.5 billion bailout check to save the South American country's
banking industry.
more..
WALL
STREET'S CRYSTAL BALL
I
just smile politely when people parrot, "Well,
of course nobody can
predict the market...." because in a world of rocket scientists,
practitioners, and savvy veteran traders and floor specialists,
the
macro-trends can be, and have been repeatedly predicted by the
brave few who
are contrarians for many decades. more...
WARNING:
DO NOT BUY STOCKS!
A client who owns a growing
fitness club and is building a larger
club, has lost 10 per cent on paper this year in his annuity and
called to
tell me, "I just know in my heart the market is going to zero,
so I want to
sell everything." more...
IS
IT TIME TO RUN FROM MARKET?
Looking at my old UPI alumni
wire, I noticed an exchange from a
veteran reporter worried about his money, and a knowledgeable
financial services colleague offering advise. The exchange is
being replicated in coffee shops and brokerages houses around the
nation. more...
U.S.
INVESTORS KNOW WHAT GEORGE LACKS
Harry S Truman and Dwight
D.
Eisenhower once had it, but Bill Clinton and George W. never did.
John McCain and Bill Bradley, and even Ronald Reagan had one, but
Franklin
D. Roosevelt and Al Gore Jr. never did.
Still guessing? more...
YOUR
TURN TO JUDGE HOMELAND SAFETY
Basically the Commander-in-Chief
said, "It's time to keep our eyes and
ears open to trouble, and to troublemakers, in every neighborhood."
The vermin had hid amidst an unsuspecting population, training
in
places such as South Florida, invaded domestic shores and attacked
with
vicious vengeance from the sky. more..
HEY
MARTHA! WHO DO YOU TRUST?
We
were listening to the various versions of what
Martha Stewart,
MOS (Mother of Style) did, and when did she do it, and wondered
about lingering questions, on and off of Wall Street, that America
would like answered? First, how come out of all of the companies
in the world,
Martha ended up involved in her ImClone, her buddy's stock, in
the first place? more.. |