White House puts UN on notice

New York Daily News ^ | 8/02/02

[kattracks]

In 1995, the Financial Accounting Standards Board, which sets accounting rules nationwide, said that companies should treat stock options as expenses. But this was offered as a suggestion, not a requirement. Big mistake.

The American board has long thought that options should be treated as an expense but backed down on that requirement in 1994 under heavy political pressure led by Senator Joseph I. Lieberman, the Connecticut Democrat.

G.E. Is Latest to Reconfigure Stock Options

[FreedomPoster]

But doing the right thing doesn't come cheap. By "expensing" the fair market value of the options, GE will reduce this year's profits by $30 million.

To put this in perspective:

For the quarter ending 3/31/2002

GE's Total Revenue: $30,521,000,000

Net Income $2,503,000,000

Adjust by <$30,000,000> greater expenses under this accounting change.

Adjusted Net Income $2,473,000,000

Obviously not that big of a deal for a GE.

[bimbo]

Obviously not that big of a deal for a GE.

And now GE Stockholders have to ask themselves one question: “ Are the executives worth an extra $30,000,000 every quarter?

[GretchenEE]

bump!

[GretchenEE]

fyi

[Freedom'sWorthIt]

Good to read, GretchenEE = thanks!

President Bush and his administration show true leadership and courage in dealing with the UN re: their treatment of Israel and the terrorism attacks that continue. The non-massacre at Jenin admittal by the UN is quite refreshing to read about.

Finally, in President Bush and his UN team, someone to stand up and speak up for Israel on the world stage.

But, then, Bill Clinton is ready to fight and to die for Israel!!!! HA HA HA HA HA HA HA HA HA HA HA!!! right.....

[McLynnan]

It's about time we flexed some major muscle with the UN. How typical that the press isn't reporting the result of the UN investigation on the Jenin refugee camp matter as avidly as they covered the Palestinians' overblown accusations of wholesale slaughter.

[Boxsford]

"..spelling out in advance conditions required for acceptable resolutions is virtually unprecedented. And, in this instance, absolutely necessary."

Clinton, in this mornings headlines is quoted as hypocritically saying he would go into the trenches and die there for Israel and he wouldn't even do this much for them.

[Free the USA]

Index Bump

[sweetliberty]

"Bill Clinton is ready to fight and to die for Israel"

He is so theatrical, and not even very good at it. "Transparent" comes to mind.

[mtngrl@vrwc]

In the face of the atrocity - seven people, including five Americans, murdered (and Arabs dancing triumphantly in the streets, as on Sept. 11), Bush declared, "I am furious." But Team Bush is doing much more than expressing outrage - it is courageously defending the Jewish state on the world stage.

We are so fortunate to have President Bush leading this great nation of ours. Imagine once again the horrifying prospect of the President algore we almost had.......(shudder)

Thanks for the ping, Gretchen!

[twigs]

Bill Clinton is ready to fight and to die for Israel!

Well, it would help him with the legacy thing. In fact, it would improve it tremendously. Bill, you just might have hit on the right idea. Might help Hillacy's ambitions too. (We'll take care of her for you after you fulfill your destiny in Israel, but don't worry about that now.) So, by all means, Bill, back up your present line of thinking with action. Remember how important your legacy is!

[mware]

I was very iimpressed when I read this editoral this morning. For the NY Daily News to praise the President is something they rarely do.

[Freedom'sWorthIt]

Yes, a transparent LIAR also comes to mind.

[Freedom'sWorthIt]

"So, by all means, Bill, back up your present line of thinking with action."

ROFL! Wouldn't it be a hoot - if one of the Israeli Generals took Bubba up on his LIE and issued an "honorary commission" in the IDF - and then - issued a DRAFT SUMMONS for Bill to come and fight for Israel as all good IDF soldiers would do when duty called!!!

Then, we could enjoy watching Bubba squirm his way out of a military draft for the 2nd time in his sick life!!!

[Issaquahking]

A "get the U.S. out of the U.N." Bump

[Alamo-Girl]

Great read! Thanks for the heads up!

[Zon]

Bill Clinton is such a whimp.

[Zon]

If Clinton acted on his words and went to fight for Israel I wonder which side would be the first to shoot him.

[LisaFab]

I was very iimpressed when I read this editoral this morning. For the NY Daily News to praise the President is something they rarely do.

Right. That rag has seen the light after September 11 and recent events in Israel. I've been boycotting the News for years (wouldn't even accept the PM give-aways they hand out at subway entrances) but must admit that I've been sneaking looks at its editorial page from other people's copies.