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| compos mentis. Concision. Media. Clarity. Memes. Context. Melange. Confluence. Mishmash. Conflation. Mellifluous. Conviviality. Miscellany. Confelicity. Milieu. Cogent. Minty. Concoction. |
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| Topic: Current Events |
6:02 am EDT, May 21, 2002 |
"It is not simply a matter of a bad organization. The FBI is a law-enforcement agency, not an intelligence outfit." Thank you, thank you, thank you. I have been waiting for months to see these words in print. If the American people want an internal security bureau, let them have it, but don't let this duct-tape and chewing gum approach to crisis management destroy the FBI in the process. Spying at Home |
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Rigas Family Said to Resist Leaving Board of Adelphia |
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| Topic: Economics |
5:42 am EDT, May 21, 2002 |
Despite mounting pressure from outside directors, bankers and others aimed at forcing the Rigas family to resign from the board of Adelphia Communications, the family is strongly resisting giving up its five seats. The family is still stonewalling the SEC, and if this sufficiently irritates Nasdaq, this company is toast. Upon delisting, the bondholders will come swooping down on them. The author of this article claims that the bondholders are unlikely to press the issue, though. Rigas Family Said to Resist Leaving Board of Adelphia |
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Death of a Paleontologist |
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| Topic: Science |
5:37 am EDT, May 21, 2002 |
Perhaps the only person who was really prepared for Stephen Jay Gould's death was Mr. Gould himself. His scientific colleagues found him almost as brilliant as his popular audience did, but considerably more exasperating as well. A man with so many opinions is bound, pretty often, to be wrong, but Mr. Gould could be just as entertaining when he was wrong as when he was right. From today's NYT editorial page. Death of a Paleontologist |
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Stephen Jay Gould, Evolution Theorist, Dies at 60 |
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| Topic: Science |
5:35 am EDT, May 21, 2002 |
Stephen Jay Gould, the evolutionary theorist at Harvard University whose research, lectures and prolific output of essays helped to reinvigorate the field of paleontology, died yesterday at his home in Manhattan. He was 60. The cause was cancer. Here's the official NYT obit for Gould. NYT's editorial page also discusses him; I'll log that separately. Stephen Jay Gould, Evolution Theorist, Dies at 60 |
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Corvis, waiting for the pickup |
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| Topic: Economics |
9:02 pm EDT, May 20, 2002 |
Shareholder to Corvis CEO at meeting: "You basically have 10 quarters' worth of cash on hand -- so you're going to run out of cash, just when the market is hopefully turning?" CEO's reply: [sips water, silently.] Corvis board member: "Near-term prospects are not bright for anybody, but there are significant opportunities overseas in Asian countries and in terrestrial and underseas markets in the Middle East and Africa." I ask: Are you looking for your growth in undersea African markets? Does this sound like a reasonable short-term business plan? This is a lengthy, in-depth article with lots of quotes from the latest shareholders meeting. Corvis, waiting for the pickup |
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Metromedia Fiber Network Files for Chapter 11 |
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| Topic: Economics |
8:55 pm EDT, May 20, 2002 |
Metromedia Fiber Network Inc. said on Monday it filed for Chapter 11 bankruptcy protection, becoming the latest high-speed communications network operator to buckle under a heavy debt load and stiff competition. Busted ... Next! Metromedia Fiber Network Files for Chapter 11 |
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Famed Harvard Biologist Stephen Jay Gould Dies |
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| Topic: Science |
8:48 pm EDT, May 20, 2002 |
Stephen Jay Gould, a famed evolutionary biologist and prolific author who influenced his field for decades, died Monday. He was 60. Gould died of cancer at his home in New York City. It is a sad day for science. And given his failing health, I am all the more impressed with his recent publication of a mammoth 1464 page treatise on evolutionary theory. Famed Harvard Biologist Stephen Jay Gould Dies |
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Adelphia Is Said to Plan Disclosures of Dealings |
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| Topic: Economics |
6:46 am EDT, May 20, 2002 |
Adelphia plans to disclose the details of its dealings with the Rigas family. The disclosures are aimed at regaining the support of regulators and creditors in an effort to avoid being delisted by Nasdaq, a step that could lead to bankruptcy. Let the backpedaling begin ... Too little, too late. Adelphia Is Said to Plan Disclosures of Dealings |
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A Tough Sale for WorldCom in Latin America |
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| Topic: Economics |
6:45 am EDT, May 20, 2002 |
WorldCom, short on cash and intent on selling some of its international assets, could have trouble finding buyers because of problems at the company and in the industry. Deutsche Bank: "Embratel is basically doomed ..." Surprise, surprise! Overpriced telcos don't sell! A Tough Sale for WorldCom in Latin America |
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Enron Has Link to Global Crossing |
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| Topic: Economics |
6:43 am EDT, May 20, 2002 |
Enron and Global Crossing used a complex deal brokered by a third company to sidestep accounting rules in a March 2001 transaction that was designed to help Global Crossing disguise a loan and allow each company to book revenue. ... The details shed light on the way Enron and Global Crossing operated in the formerly frenetic market for trading high-speed communications capacity. Scapegoat says: "We were told to buy a bag of goods and to sell a bag of goods. It's earnings management." Didn't we know this already? And where can you get a degree in earnings management? Enron Has Link to Global Crossing |
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