Poll: Did Jesse Jackson help cause today's selloff?
- Thread starter Molon Labe
- Start date
This is by far the funniest thread I have seen on this board...and as for G2NKO or what ever...Get a clue....thier has been many directed toward you.
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You should hook up with GD2KNO, you two would make a nice pair but be sure to skip Florida and chase something outside the US...
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I think the Rev. Jackson performs a very useful function. The "contributions" to his charitable foundation are public record and provide a good guide to the quality of corporate management. If you want to invest in a company run by cowardly weasels, then go for a big contributor. Today's Washington Times lists the following:
AT &T $300,000 (!)
Ameritech 15,000
Apple 10,000
Bank One 65,000
Bank of America 15,000
Black Entertainment Television 100,000
Burger King 100,000
Citigroup Foundation 250,000
Coca-Cola 50,000
Delta Air Lines 15,000
General Motors 50,000
Lockheed Martin 15,000
MetLife 150,000
NASCAR (???) 150,000
Sprint 50,000
Texaco 10,000
UPS Foundation 75,000
There are others such as unions and law firms. Also, the above are only money paid to his charitable arm. He has other operations that generate funds as well. I believe for example that American Expres is a big contributor. No doubt some exec's rationalize it as cheaper than lawsuits and bad publicity. The problem is that bullies like Jackson thrive on two things, legitimacy and success. These big companies give him both and make it harder for others to stand up to his coercion.
All in all, short selling the above list would have been a good strategy. Indeed, the stupidity and venality of management seems somewaht proportional to the money paid.
AT &T $300,000 (!)
Ameritech 15,000
Apple 10,000
Bank One 65,000
Bank of America 15,000
Black Entertainment Television 100,000
Burger King 100,000
Citigroup Foundation 250,000
Coca-Cola 50,000
Delta Air Lines 15,000
General Motors 50,000
Lockheed Martin 15,000
MetLife 150,000
NASCAR (???) 150,000
Sprint 50,000
Texaco 10,000
UPS Foundation 75,000
There are others such as unions and law firms. Also, the above are only money paid to his charitable arm. He has other operations that generate funds as well. I believe for example that American Expres is a big contributor. No doubt some exec's rationalize it as cheaper than lawsuits and bad publicity. The problem is that bullies like Jackson thrive on two things, legitimacy and success. These big companies give him both and make it harder for others to stand up to his coercion.
All in all, short selling the above list would have been a good strategy. Indeed, the stupidity and venality of management seems somewaht proportional to the money paid.
INTC earnings and corporate reinvestment in development as well as reduced expectation of upcoming ([pipeline]) sales were not what the market wanted to hear.
INTC spread to AMAT, KLAC, telephones, chips and other softare firms.
Anyone could have rung the opening bell, what we are not holding liable are the failed economic policies, and lack there of as cause celebre'.
Perhaps one should look to where responsibility actually does remain and not to those BOLD enough to speak out regarding more "theft of public trust" through deceptive tax policies. Remember, until you're personally cashing those $1,000,000 checks you're just like every other person.
yeah, the rich are really different....
Oh, do you mean the politics of class warfare?