Saturday, October 26, 2002

Criminalizing business. When murders occur, we apply the law. We don't pass legislation holding people responsible for not doing enough to prevent murder. Judging by their behavior, government and media view accounting scandals as far more serious than mere murder. Hysteria took over from sound judgment and rational deliberation. The result was the Sarbanes-Oxley Act, which criminalizes accounting mistakes. The Sarbanes-Oxley Act requires the Chief Executive Officer (CEO) and Chief Financial Officer (CFO) to attest at their personal risk of huge fines and prison sentences that their company's financial statements contain no material mistake, the correction of which would result in a restatement of earnings. [townhall.com] comment () trackback ()  3:06:54 PM     Bus Driver Averts Bloodbath in Tel Aviv. From the NY Times: "The man slipped as he leaped at rush hour this morning for the bus's closing rear... [The news, Uncensored.] A driver and a passenger pinned down the terrorist when they realized what he was, giving time for most of the people nearby to escape. Unfortunately, they then let go and ran away, at which point the Arab exploded. It's not entirely clear why, since they had him pinned down, they didn't just kill him themselves. comment () trackback ()  2:56:26 PM     Speaking of NewSpeak. From Honest Reporting: "The civilized world is reeling from yet another terrorist atrocity, the bombing of a Bali disco that... [The news, Uncensored.] On the differences in the way the media is covering the Bali disco bombing and the way they cover similar bombings in Israel. comment () trackback ()  2:36:29 PM     Hasta La Vista, Titanium: LiquidMetal is harder and stronger than any other alloy. So why can't anyone make money selling the stuff?. Bill Richardson at Business 2.0 - Hasta La Vista, Titanium: LiquidMetal is harder and stronger than any other alloy. So why can't anyone make money selling the stuff? - Incredible! Check out the tables on page 2, and the web site linked to below. [wes] Think plastic," John Kang says with a smile, holding up a small slab of blue-gray metal and passing it over for inspection in his Lake Forest, Calif., office. The shiny ingot doesn't look or feel like plastic. It looks more like coal and hefts like gold. But when heated in its raw form to 750 degrees Fahrenheit at Kang's new factory in South Korea, the mysterious alloy does something that amazes even the most unflappable metallurgist. It softens into a viscous tar that can be molded like plastic. Then, when cooled rapidly, it congeals into a solid that's twice as hard as titanium or stainless steel, and so smooth that paint won't stick to it. The alloy, which scientists liken to "metallic glass" is called LiquidMetal. [End the War on Freedom] comment () trackback ()  2:19:28 PM

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