Hi Brian,

At 10:59 28/01/02 -0500, you wrote:
>At 9:02 AM +0000 2002/01/28, Keith Hudson provided:
>>In addition, a number of major American companies will be reporting
>>earnings. So far, earnings season has had a wide range of results.
>>Companies worth watching include: Walt Disney, Xerox (Monday); USA
>>Networks, (Tuesday); AOL Time Warner, AT&T, (Wednesday); Delta Air Lines,
>>Procter &
>>Gamble, Verizon Communications (Thursday).

>Hi Keith,

>After Enron how can we have any faith in these earnings reports?

All of them would be reasonably accurate (and in the main, pessimistic),
I'd guess. In particular, the AOL TimeWarner merger is already a disaster
(having written off $50 billion or so already !) with more humble pie to
follow.

>Also re the decline of the American Empire: will they decline 
>peacefully or might their arsenal of nuclear weapons, chemical 
>weapons and biological weapons come into 'play'. True believers of 
>'free market' capitalism might not like any other religion becoming 
>trump.

Yes, America will decline peacefully -- just like all Empires of the past.
Immensely powerful right up to the end -- then, poof! Not with a bang but a
whimper. (It's about the only aspect of history that repeats itself !) But
not for a decade or so -- by then most of our pension funds will be safely
invested somewhere else (Canada? China?), so I wouldn't lose any sleep over
it. 

Keith Hudson

__________________________________________________________
�Writers used to write because they had something to say; now they write in
order to discover if they have something to say.� John D. Barrow
_________________________________________________
Keith Hudson, Bath, England;  e-mail: [EMAIL PROTECTED]
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