Free Republic

Last Friday, Feb 28th, 2003, Worldcom announced another set of layoffs here locally in Colorado. A aqaintance of ours, who is a middle manager in the company, called to brag that even though they were laying off a few hundred people from Worldcom he wasn't let go and he received a substantial raise because he was a manager. I myself am sick and tired of people taking it in the shorts laying down like a bunch of dead sheep. When will we as citizens demand that we are treated like humans and not like dogs!!! Our politicians and heads of...

On April 13, 1938, Richard Whitney -- president of the New York Stock Exchange and personification of Wall Street aristocracy -- entered New York's Sing Sing Prison in handcuffs to begin a five- to 10-year sentence for embezzling millions of dollars from his clients. On the same day, his wife was reduced to begging a bankruptcy referee to return a few items of her personal jewelry taken to satisfy creditors. Justice for corporate crooks was swift and severe in those middle years of the New Deal. Whitney went to prison just five weeks after the Exchange announced it had found...

quot;The single most important piece of fundamental information you need about a company is its correct earnings,quot; Dr. Martin D. Weiss advises in The Ultimate Safe Money Guide. quot;It's no coincidence, therefore, that earnings information is often the prime target for manipulation and distortion - by none other than the company officials who are responsible for compiling and issuing the data for each quarter.quot; Weiss says that the problem arises when company officials are pressured by Wall Street to meet the Street's quot;overblown expectationsquot; fearing that if they don't the price of their stock will be quot;severely punished.quot; quot;So when...