FW: Thought you'd enjoy this...

Kim -

From Dennis...see note at bottom, too...

John

-----Original Message-----
From: Dennis Dye [mailto:dennis_dye@hotmail.com]
Sent: Tuesday, February 12, 2002 12:30 PM
To: john.watson@pdq.net
Subject: Re: Thought you'd enjoy this...

Ah yes, my favorite topic [fast losing favor to the tales of Enron's
monarchy, I fear]. Here is an expansion of the "cow economics" tale that
includes ENE:

<Subject: Fw: economics lesson (from the TaxMan's Daughter
<Date: Wed, 6 Feb 2002 16:33:12 -0800
<
<Cow Economics, with Enron addendum:
<
<AN AMERICAN CORPORATION: You have two cows. You sell one, and force <the
<other to produce the milk of four cows. You are surprised when <the cow
<drops dead.
<
<A FRENCH CORPORATION: You have two cows. You go on strike because you
<want three cows.
<
<A JAPANESE CORPORATION: You have two cows. You redesign them so they
<are one-tenth the size of an ordinary cow and produce twenty times the
< <milk. You then create clever cow cartoon images called Cowkimon and
< <market them World-Wide.
<
<A GERMAN CORPORATION: You have two cows. You reengineer them so they <live
<for 100 years, eat once a month, and milk themselves.
<
<A BRITISH CORPORATION: You have two cows. Both are mad.
<
<AN ITALIAN CORPORATION: You have two cows, but you don't know where <they
<are.
<You break for lunch.
<
<A RUSSIAN CORPORATION: You have two cows. You count them and learn you
<have five cows. You count them again and learn you have 42 cows. You
< <count them again and learn you have 12 cows. You stop counting cows <and
<open another bottle of vodka.
<
<A SWISS CORPORATION: You have 5000 cows, none of which belong to you.
<You charge others for storing them.
<
<AN INDIAN CORPORATION: You have two cows. You worship them.
<
<A CHINESE CORPORATION: You have two cows. You have 300 people milking
<them. You claim full employment, high bovine productivity, and arrest <the
<newsman who reported the numbers.
<
<AN ISRAELI CORPORATION: So, there are these two Jewish cows, right? <They
<open a milk factory, an ice cream store, and then sell the movie <rights.
<They send their calves to Harvard to become doctors. So, who <needs
<people?
<
<AN ARKANSAS CORPORATION: You have two cows. That one on the left is
<kinda cute...
<------------
<In case you were wondering how Enron came into so much trouble, here is
<an explanation reputedly given by an Aggie professor to explain it in
< <terms his students could understand. Consider this: Capitalism:
<You have two cows. You sell one and buy a bull. Your herd multiplies, <and
<the economy grows. You sell them and retire on the income.
<
<Enron Venture Capitalism:
<You have two cows.
<You sell three of them to your publicly listed company, using letters <of
<credit opened by your brother-in-law at the bank, then execute a
< <debt/equity swap with an associated general offer so that you get all
< <four cows back, with a tax exemption for five cows.
<
<The milk rights of the six cows are transferred via an intermediary to <a
<Cayman Island company secretly owned by the majority shareholder who <sells
<the rights to all seven cows back to your listed company.
<
<The annual report says the company owns eight cows, with an option on <one
<more.
<
<Now do you see why a company with $62 billion in assets is declaring
<bankruptcy?

Thanx,
Dennis

PS - I am now zipping all of this info around on my new <1 mbaud link that I
finally shamed the cable company into getting hooked up [only took two
separate visits and plenty of customer "motivation"] In tandem with my new
1.5ghz CPU, 80gb disk and CD burner, I believe I have moved us into the 20th
century [Alas, I know that everyone now agrees that you are in the 21st in
Houston].

Got the settlement on my old red buddy, but am still grieving and in a
quandry about what to do [no enthusiasm by either partner up here for
spending $$$ after the first year of Prince George's economic slide and the
Enron debacle].

Janell is now improving rapidly and we actually have a small jaunt planned
to Austin that looks very unlikely to be cancelled. I have a new "look"
that I have been dying to spring on "the group" since before the Italia trip
was scrubbed. It may be an old look [or gone] before we meet again.

I hope you get to see King Kong in hong Kong...isn't that where he lives??

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