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Tue,980507,01:19 Subject: May Junto meeting notice To: junto-list May 4, 1998 TO ALL JUNTO MEMBERS: The next Junto meeting will be on Thursday, May 7th, at 7:00 p.m. at the offices of Eastbridge Capital located on 135 East 57th Street, 14th Floor.
Next month: June 4, 1998 Thomas Fleming Liberty ! I look forward to seeing you on May 7th. Sincerely, / Victor Niederhoffer / Chairman ============================: THU.MAY,980507 :============================ JimPowell : Booker Washington : In WV hearing whitemen talk of quality Hampton Black School , 82 mi from Richmond . White captan gave small wage on boat . had $.5 left when reached Hampton . Job Sweeping recitation rm . ' Yankee woman who knew just how to find dirt ' : ' guess you`l do ' . $10 % mo charge for School . $70 % yr tuition . could not have paid . 2nd hand clothing in barrels frm the north . drive to go bak home & uplift those back there . |19:30| JimPowell : Working on guide to Liberty related Historic sites : eg : NYC : Bkln Prospect Pk Great Hall Cooper union Elis Island , Jewish Museum 1105 5th av . Library : Jefferson`s copy of the constitution . Van Mies ex schools . MarkTwain`s manhattan house . ... [ really too many to mention ] Tracked down location of Twain CT home : 30 Mark Twain rd / ? . AynRand Cemetary |19:42| VN : DougCasey : Irra(?) Society members hav 18 passports & BenFranklyn Junto - Albert J Knoc (?) . Rock in Central Park . Zenger Libel Trial site : Bill of Rights Museum in Mt Vernon . VN : $.5M loss site : Jay Gainer Mayor of NYC assinated . Insisted Citizen had same rights as policeman . Total Campeign expense : $.03 postage for leter to Bkln Eagle . Gainer sued for libel for Policemen arrest for over runing 3 min limit on talk . Did citizen ar 203-226-2225 JimPowell99@hotmail.com . |19:55| ChrisGarvey Libertarian candidate for NY Governor . - place to send Money . NRA supplying Treasurer dealing w campaign govt forms . Petition during 6 wks after July 6 . 15k signatures . website Issues : NYS Budget : Lilco . | NY by the numbers - Legalizing Intra state transportation of Marajuana . Labeling enforced by Law suits . Prescription drug MD requirement .
Peter Huber holding `20s phone
& outlawed Hushaphone accessory
Peter Huber speaking on themes developed in his latest book, "Law and Disorder in Cyberspace", a case for abolishing the FCC. He is a senior fellow of the Manhattan Institute and the author of Litigation, Galileo's Revenge and Orwell's Revenge.
| PillBox on empty piece of land . Simple cinderblock RobertGoodman running for Comptroler : supression of Adult Entertainment . NYT Apr 22 : Foto : ' Onlooker ' was him . Foened times for correction ' running for NYC Comptroler ' - which was last yr . JohnStossel Dinner @ FoundationforEconomicEducation 0517 . Steve? : Taxes : turn around expert : Econ advisor to Gov Pataki : Have cut taxes $6B % yr since Mario . VN ???s meaning . More tax cuts coming - Corp Income taxes going down to .075 frm .09 Was chief econ @ EastmanKodak . AlternativeMinTax .035 to offset . reducing to ~ .015 | I : Just get rid of damn thing [ which is a tax on time of lots of us to whom it does not apply . City doing outragous taking advantage of Fed Cap Gains reduction . w generate more transactions . NYS did not lower Cap Gains rate . & Increasing RE value . State not recognize S-corps . Tax witholding . used to be .25 of State , now ~ .6 | |20:17| PeterHuber : Legal Scholar : Book : Galileo`s Revenge : Junk Science in Court rm | `20s : HerbertHoover : engineer : mkts not tidy . Broadcasting stns not regulated . registerd w Dept Commerce in same way a ship would . Court was using common law to create property out of nothing . Wanted radio as tidy as telefoens . 1913 Theo Vale force ATT to connect to other . Post Office got whole system for time during WW1 . `27 HH took over whole spectrum . mkt forces would be banished . - Logic - Too scarce for mkt . Admral wanted only govt . Orwell seeing Stalin & Hitler efficiency . Goebbel BundesPost . FRadioC : Could not offend FRC when 2 yr license . Hushaphone sound muffer foen addon . competion was illegal . slip covers for phones even fought . MarcusHess - hacker anarchist . thru international foen lines into computers . FCC in 70s finally switched to requiring interconnect . had been in living under state control for %2 century . Now CraigMcCaw , MichaelArmstrong , mainly paid for licenses . Becoming private property . Back to 1926 . WDC so arcane . Cell Carriers 25 MHz BW each of 2 in NYC . Will be computing local interconnect competion . Common Carriage rules in 16th century - ferries & birdges - King`s license s. BillGates et al hammering out rules for software CC now . [ ! brilliant ] . Hoover did not have to abolish - has argued to congress . If UHF stn went into celler . MegaMediaMergers - Left sees falling back into monopolies . Mkt much more deconcentrated . Key inovation in spectrum - in 6 MHZ BW 200MW tower . centralized - totalitarian . Trespassing solved in court whether FCC or private . little cells . generates much more income . Us talking to each Broadcast worth | .5 or 1 $ % viewer % hr . as cell foen conversations - lots of people paying .20 .4 % min . lots Dont nationalize most valuable realestate w/o having economist on board to justify . Almost every other country did worse than US . Hoover `27 - claimed spectrum scarce . Wireless info increased x 10 * 7 10 | Aud : expanding pie | Private Property mid-way between Hoover & MarcusHess anarchy . RealEstate rights . Can`t time broker license . Encoded Horse race data disallowd by FCC . FCC mints the property . Nothing like Selling Grand Canyon . Most of sold space laying fallow . But at least in pravate hands . Has debated G.Gilder : should be like ocean [ See Microcosm ] - just don`t colide w each other Dept Stores create public spaces . Would Trust GG over HH , but prefers mkt . TDMA vs CDMA fighting it out . Frankferter Sighted Laws of Physics in `44s to justify FCC against Chain Broadcasting . NBC doing well . License presses - . Forgot whole damn 1st ammendment . `96 Telecom SC ruled wires not scarce . Interference problems - trespassing everywhere in spectrum . What AynRand answer to RealEstate trespassing ? Can`t believe he more in favor of property than this audiance . How to stop someone from stealing your car ? Ask HH ? Fox Ch 5 , eg , has well defined bubble over Manhattan . AT&T paid 17B$ for right which will technicaly evaporate in a few yrs . Hayekian Collapse : Westinghouse TV : interference because noone knows what they own - like praries in 1870s . New forms of trespassing evolving all the time . Lawyers get filthy rich . Established went to HH to ossify status quo . | AntiTrust ? Right of free contact . Has AntiTrust chapter in book . Writes col every other month for Forbes . Worst monopoly was HerbertHover . Abolish the FCC . RCN in Manhattan . `96 Telecom law just starting . Sherman Act 2 paragraph - courts place to resolve disputes . Joal Klien vs Commission - Republican / Dem political disputes . Used to be ICC InterstateCommerceCommission . Ham radio ? lot of Hi frequencies . Like Central Park . Yes Political . Communications Decency Act ? inevitable would be kicked out . Completely helpless in any case . Broadcasting last vestage of censorship . Premise 2 types of property - produced vs acuqired . Me : Dif between arguing between Court & Commission ? After commission still end up in court . same as Lease vs Property . [ still just arguing in front of ' jury ' . ] |21:32| VN : Dif between spectrum or any other scarce resource in principal ? Property rights complex | Bad peace better than any war |21:36|