Supremes Grant Stay in Pavlovich DVD CCA Case
endall writes "Sandra Day O'Connor granted a stay last week for DVD Copy Control Association so that the court could gather more information. She requested filings by later this week.
I'm guessing that this delays implimentation of the California Supreme court decision on the matter."
blah blah.
FP and "my bitches" © 2003, Rob Malda. All other trademarks and copyrights in this post are owned by their respective owners. Comments are owned by the FPoster. The Rest © 1997-2003
Diana Ross is on hiatus as leader since she was busted for DUI in Tuscon today. Sandra Day O'Conner has a swinging voice and knows all the lyrics so she's taking her place.
Disney just released some super snazy anime movies on DVD for the first time in the states!
Everybody buy them and be cool!
..
"John its time"..."The bitch is back"
Don't Tread on OpenSource
Hmm, I make that joke and I get modded offtopic. Is it because a) moderators tend not to have good senses of humor, or b) moderators tend to be too young to get any jokes that deal with subjects from before 1999?
Rat cheer.
DARPA intends to conduct a race of autonomous ground vehicles from the vicinity of Los Angeles to Las Vegas in 2004. A cash prize will be awarded to the winner. The purpose of the race is to encourage the accelerated development of autonomous vehicle technologies that could be applied to military requirements. Many of the details of the race are being developed. New details will be posted to this web site as soon as possible.
The headline was posted at 11:28pm on 12/30/02. The obligatory "Soviet Russia" joke was posted at 12:40am on 12/31/02.
;)
After reading so many of these, I'm wondering... Should it have taken a whole hour and twelve minutes for this to happen?
*ducks the mod-gods*
Boullion! Straight to the motherfucking hoop!
And thus thy Lord God said, Ye thee verily, thy ark of thy cormorant, thy blessed rod and thy staff, thy sheep and thy chunky peanut butter, the fruit of thy loom underwear. And thus Titus begat Brutus, son of Theseus, who begat Tyrus, who begat Phallus, who begat Fetus, son of Wheezus, cheesy macaroni, amen. Thus thee thy verily. Poopy pants.
And Diana Ross was just busted for DWI.
Gross: It's not that good
... but he does not think the future will be as good as 2002. "4-5% annual total returns at best over the next several years should be expected," Gross wrote in December.
Gross does not share Miller's enthusiasm for stocks. In September, he wrote in a market commentary, posted on Pimco's Web site, that the Dow could fall to 5,000. The Dow was trading at about 8,400 at the time, and is now trading at about 8300.
Since then, Gross has continued to question the valuation of the stock market. In his November commentary, Gross wrote that even using pro forma 2003 earnings estimates for the S&P 500 (which include many one-time charges), fair value for the S&P 500 appeared to be about 650. At the time, the S&P was at about 900.
Gross, of course, remains a bond bull. In his November commentary, he scoffed at the notion that bonds might be nearing a bubble phase, similar to what happened to stocks in the late 1990s. "Inflation promises to stay low for some time, which supports 10-year Treasury yields at near 4% levels. On the other hand, stocks with their more than suspect pro forma earnings remain the bubblish investment to me," he wrote.
And while Miller seems dead certain that deflation will not wind up being a problem plaguing the economy next year, Gross is not so sure. He isn't predicting deflation per se but he thinks it's still a risk worth noting. "Despite the Fed's 'guarantee' to prevent deflation there is no assurance that they can create substantial inflation. Just ask Japan how that works," Gross wrote in his December market commentary.
Without inflation, corporations probably won't be able to regain pricing power any time soon. Translation: Don't expect earnings to increase that dramatically. And Gross does not expect the Federal Reserve to raise interest rates substantially higher. In his December commentary, Gross predicts that the Fed will raise interest rates by the end of next year, but only to about 2 percent at most. The current federal funds rate is 1.25 percent.
Taking all that into account, Gross is predicting more winning years for bonds
Who will wind up being right? Check back on December 31, 2003.