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Note : I always use true proportions rather than percents , and in ASCII , the APL uses the percent symbol '%' for division . My later editorial comments are in brakets ' [ ] '
============================: THU.MAY,960502 :============================ BenFrankin`s word \/ ? 18:30| Victor Niederhoffer960502 Junto | @ Niederhoffer & Niederhoffer | 75 people Futures trading grp | 635 Madison Av Fl 6 | RSVP 371-4656 ( 04251524 c> Sue | w be on list as guest of Lew ) Flyers for May 4 ' Rally to stop Drug War ' distributed .See : http://www.cures-not-wars.org/ .
|19:9| Jim? : Book or Movie anouncements : AltinYee : Africa Betrayed by GeorgeAyittey `92 | only 4 rel free countrys : Botsuana senegal Maurisius Gambia | of worst : poorest is 9 champaine importer . wrote Afrika trd institutions . he kenyan? | like PaulJohnson did for 20th century | book : Inventing the AIDs virus ? | BobGoodman : DrDuseberg : author writes in NatnAcadSci : agree w ?bl status of HIV virus | HTLA3 | what is Pharmacalogic theory ? | label on ball of syndromes - moving definition | Friend says DrD answerd all her ?s | D is cancer researchr : viruss † cause of cancers in general | lost grants | opens eyes as to how govt $ spent | Norm : Salk described self as metabiologist . self injected AIDs virus | Fumento AIDs book : African stat contrived . Dusenberg 4’ HIV pos , but fewr deaths . in every case identifiable risk | Book on odds of all sorts of life experiences | BostonAnarchistBrigade : JoePeacock | Why correlation between HIV & AIDs - Dusenberg : drug - poppers - amylnitrate linked w Kaposi`sSarcima & alcohol theory | move AIDs from | AZT is DNA chain terminator : kills growing cells | causes wasting | AIDs by perscription | HIV link may be stat artifact | ArthurAshe ? was sick anyway . thats why had transfusions in first case | then given AZT | Ryan White hemoraged hemofiliak || Thomas Soul : Migrations & Cultures - the international experience | Afirmative action irrelevant | Yi : Race & Kulture : If you want to see what is going on w Amer Dreem : Look @ those came here pursueing it | Safirs : Atlas Shrugged & Fountainhead | Road to Surfdom | New movie of Fountainhead on hold | Movies : The Last Supper : politically incorrect | Donahue tapes of AynRand & MiltonFriedman in `80 | TomSnyder Chic interview of Rand : top student @ 3 schools in Russia | Young one @ AnnArbor | AlienNation || Bob : WeeklyStd Cato Steven Moore : Audit from Hell IRS manual 3302-102 | will watch life style : level of sophistication & cultural level | 1E6 people w get economic reality audit | autopsy w/o benefit of death | go thru everything on small sample to have stat accuracy | ' fin status ' audit | Apr 3 articl in WSJ says doing || Victor : today milestone : yield > .07 for 1st time in ~ 1.5 yrs because ' busn activity too strong ' | DrBow Junta founder : Vancouver & SanDiago & Evansville rail traffic 3’ normal | Size of cigarette butts on ground [ like DonCampbell`s unobtrusive measures ] Brazil buts generous | DrBow : Cost of Prostitution : lot of activity @ 42nc st booths but ~ aisles : Gals said tips up , another : tips up & down , related to $s in poket | July meeting : Agents please identify selvs : w have tru patriot * | 32 yrs in NY being treated as well - VN leaving NYC except for Junto | because of atitude that individual exists to buy votes to redistribute wealth | ** | VN has Original edition of AdamSmith : Wealth of Nations | |19:56| Gary : JudgeBaer`s terrible decision : drug dealers right to run : 35kg Cok 2Kg Heroin : Statment of MsBalis :credible reject Officer Carol lier | Facts Balis driving w MI plates : 4 black men single file | Baliss said : Came from MI w friends of son , drove to loc . 1 man went inside : Carol incredible : nothing unusual happened . quotes ThomasPaine : origin & rise of Govt & limitation | reconsidered on false grounds | sgts notes show were walking ~ running | [ the hoel situation is causd by drug law created Cop&Robber games ] |20:5| Speaker : least understood sources of prosperity : Idea of Industrial / Govt large institutions ala WW2 | Small cos are of cours source : Documenting : leave econ alone runs self | Take advantage of opportunity July in CT | Devotional readings from AdamSmith : Micro Enterprizes in developing Countrys : WSJ : | 10yrs ago micro cos viewd as uninteresting . Inovations in delivery of low cost credit to them | Univers : ~ agri enterprizes w <= 10 particapants | often in homes @ end of tarmak rd | stratified sampling of Countries : then knok on every door | Rockf & Ford foundation financed | EG : Nigeria , `65 - just out of Grad School : started counting entepreneurs : 4-5 cars - had to get bak to giv Bach cello performance | Army troops - abt start of Biafra war start . saw cello : w sub machine gun @ head - ' giant banjo ' - got great publicity : ' perform conducted by JohanSBach ' | have interviewed ~ 200k mikroenterprizes Statik Pik : 0) find huge #s , perhaps .25 of labor force - is large private sektor . Compositio : Trading & Mfg ( surgical insturments ) Artisans ( building ) | Location : ( everywhere except korea ) rural | most : 1 person | Profitablility , 1 person survival level , even little larger - quantal better in profit & productivity . ( audience : effect simply of having to bee better than survival to hire : did it forcast ? yes ) but 2 , 3 got most of improvement | small just family ? often , still held | Child labor ? minimal * 2 | Motion pik view : change : growth from ( net new firms ) vs growth of existing | Birthrate ( US eg D&B stats lowsy ) rate abt .2 ö yr , 2’ US - even in Afrika ( hily coorelated w lvl of econ activity - highest during bad times ) - Death rate : very hi too . ( autopsys : dies under age of 3 ; I : def of death of 1 person firm ? change of career | .2 of firms grow , .8 stay same or die . most grow just a little . Thos that grow tend to be ung ,urban , male led , secondary edu necessary | .01 grow > 10 peo | .5 of large entities started as 1 mikro , WW | lots of manpower : hire teams . | HoratioAnger awards founder : D&B show 4%5 fail here | He countering ' Only in Amerika notion ' | Aud : Taxes : Mom & Pop ops call NY sales tax ' Profit Margin ' | Have found Mkt stall tax , French Paton - regressive tax as % sales | SieraLeon : 4 big inefficient textile factorys : got machines duty free ; individual : sewing machines 1.5 lux houshold import tax | Banks ? untapped surprize : not surprizingly finance is constraint - comes form family & friends - formal mkt doesnt reach down . old style : gov 18 step proceedure : MacNemara Wrld Bank | cost 4000 $ to make $500 loan : dont mak up on vol | new style : mainly need short term working - need fast , can do @ higher than mkt rates ; instead of colateral - character based lending , motivate repayment & get admin cost dn | repayment rates .99 | 1 page form - savings mobilization - need savings mechaisms | even private : BankoSol Bolivia , Bangledesh - loans to group | BRI Indonesia | Un tapped mkt opportunity | expect growth |20:48| ?s | Smart institutions dont touch new ventures | At what size do govts start to crush ? depends on where | | when Bank require sit on board ? ? | do not include professional thieves | in SA townships all enterprize was illegal . had Spazashops ( zulu for comoflage ) : grocery bodegas | Any region where ~ working ? no - even in Jamaica under Mannely - have not done former Soviets | implications for US ? Character based lending : Jeffery? Working Cap co in NewEngland , Chic S.Shore Bank , Harlem . showing mixed results | supply led activity | Cato report : welfare people dbld income on black mkt | Relentless onslaught of regs & retaliatory claims | .15 is est of # enterprize ' off record ' ~ including drugs | Roy & Nigel Innes here , called forward | Potential for busn in Harlem as Chm Harlem CORE . Farmacies good crop w need for cap - lots of paperwork | VN to Roy : common characteristics ? too sharp dressers ?able | VN in light pants w 0 belt . Core so broke has to fake | Gov Regs serious inhibitors | Aud : Soln : giv all to govt - they giv bak what u deserv | Minimum wage destructive . Unions ~ affectd | Ok to give 0 , but if giv anything in trouble | Armey & Newt HR 1932 - urban homestead flex min wage - vs Blk Cauc ' civil rights restoration bill ' | learnd hard way | Blak ~ monolithik Older Carib - Latins good | give Rngle lesson in econ ? been trying for %4 century . does no better | couldnt get cpy of 'restoration' act form anyone | cell foen range ' wrong wife ' - is secretary . |21:12| w hit low wage south | Aud :Increase in efficiency : due to family motivation | I iterjected : 2 minds square root of 2 better than 1 . N minds N * %2 better than 1 | 1 2 3 4 * % 2 |>| 1 1.41 1.73 2 Hernando DeSoto stdy in Puru : counter to marxist - expand blak mkt ? heavy regs - took him 287 days w Lawyer to start legal busn | elswhere ~ as bad & ~ enforced | VN -> Roy : govt disinsentives ? multi pronged asault on poor w welfare requirement of destruction of family , constant claim of victimhood . DougWilder Gov of VI , cradle of Confed , .18 pop , .13 of voters , but gov saying need to be failure to get govt help | Mike Walace : love fest w KingLouis | I : GilNobel Show Fantastic J.Hopkins Neurosurgery guy [ SUN.MAR,960317,12:35| LikeItIs : DrBenjaminCarson Head Pediactric NeuroSurgery JohnsHopkins | Hypothermic arrest extended surgery ] | Innes : TomSoule , WalterWilliams | how much free cover would media give him Speek @ armory | anti-achievment peer preasure ; I : universal | RI : Came form Island @ 13 , big country boy | Aud : BillCosbey @ HowardU on CSPAN last wk | Blaks have conservative profiel on issues , but vote against . take Ragan vs Jackson views w/o labels : Ragan ideas win . Amer Enterprize Inst poll replicated by NY Times , CBS - went to Rangels for comment . Conservatives ~ let into Black Caucus |21:35| Train Accelerating ? need food imports | |21:39| Destiny Mag ? great but broek . no network of conservative support . | FrankWilliams x ambasidor to Gahna ? ok , Johnson Republican said in Ebony : RoyInnes Nixon`s only black supporter | why ? need for acceptance | NewAmsterdamNews & WLIB most racist stn in Amer ; publishers wife Jewish w numbers on her arm | Economist Rudy ex Baruch : RogerBremer from Fed Board in `70s : only 1 of 35 in attendence black |21:44| John : Fndn for FreEnterprize for HiSchool students : col level econ course | Speaker Bio : \/ \/ \/ \/ \/ \/ \/ \/ \/ \/ \/ \/ \/ \/ \/ \/ \/ \/ \/ \/ Mr. Carl Liedhom, who is a Professor of Economics at Michigan State University, will speak on the topic: "Microenterprises in Developing Countries." The Wall Street Journal recently characterized microenterprises as the as "the hottest thing in development since the Green Revolution." Yet such enterprises typically elude the "official" statistical nets and thus, until recently, have tended to be overlooked. The talk will illuminate the key findings from the surveys of micro and small enterprises that Liedholm has personally conducted - knocking on doors of houses and enterprises located in some of the most remote areas of developing countries - for the past thirty years. These studies, which have now been completed in over twenty five countries in Africa, Latin America, and Asia, have sought to shed light on these important, but typically invisible, contributors to the development process, Having grown up in California, Liedholm attended Pomona College as an undergraduate. He then moved to America's heartland for graduate study and received his Ph.D. in economics from the University of Michigan in 1965. He served as Director of the Economic Development Institute at the University of Nigeria from 1965 - 1967 and as Chairman of the Economics Department at Michigan State University front 1969 until 1974, Subsequent professorial duties in the "Dismal Science" at Michigan State University have been supplemented by various oddments, including holding visiting fellow positions at Yale, Oxford, Sussex, and the University of Amsterdam, receiving the State of Michigan Teaching Excellence Award, testifying before the U S, House of Representatives, and serving on Research Advisory Committee of the U,S, State Departriient. Even more far afield oddments have included garnering medals as a "Masters sprinter?" in the Millrose Games and Penn Relays in the 1980's and studying the cello with Pablo Carals a long time ago.