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Ralph:
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You really don't understand technology and its
effects on us and on society The technological system has built in problems,
like the Los Angeles, NY police departments, Microsoft software, and Compaq
computers. You can compare a bureaucracy (government or private sector) to a
mindless computer. It isn't a few bad apples or narrow minded technologists
that cause the problems, it is the technological system itself. Now I am
not anti technology nor am I interested in the simple life in a cave. But
really Ralph, technology will not give us nirvana on earth. We need to
understand the impact of technology on us and on society before we blindly
accept it.
Some years back I came across a book on this
subject, I forget the title. The author's thrust was that new technology
often brings as many problems as it tries to solve. The book was published
about the time that the facts about DDT broke into the public awareness
causing it to be banned worldwide. You might read the congressional and senate
hearings on DDT.
Lionel Issen<A
href="mailto:lissen@xxxxxxxxxxxxxx";>lissen@xxxxxxxxxxxxxx
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----- Original Message -----
<DIV
style="BACKGROUND: #e4e4e4; FONT: 10pt arial; font-color: black">From:
<A title=DavidJennings@xxxxxxxxxxxxx
href="mailto:DavidJennings@xxxxxxxxxxxxx";>David Jennings
To: <A title=metastock@xxxxxxxxxxxxx
href="mailto:metastock@xxxxxxxxxxxxx";>Metastock List
Sent: Wednesday, September 12, 2001 2:57
PM
Subject: Fw: [RT] The day after
It is important to read the counterbalancing
argument. I pray that we all have the resolve to uneqivocally hunt out these
low life, such that these attrocities can never happen again. That way, maybe
those who have lost their lives to terrorism will not have died in
vain.
----- Original Message -----
From: <A
title=rjv@xxxxxxxxxx href="mailto:rjv@xxxxxxxxxx";>Ralph Volpe
To: <A title=realtraders@xxxxxxxxxxxxxxx
href="mailto:realtraders@xxxxxxxxxxxxxxx";>realtraders@xxxxxxxxxxxxxxx
Sent: Wednesday, September 12, 2001 6:17 PM
Subject: Re: [RT] The day after
Jean Jacques:
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Your comments about technology make no sense! The problem is not the
development of technology but the misdirected liberals that stymie free
societies from protecting themselves today. These are people who fail to
properly identify problems and; therefore, can't execute appropriate
solutions. Technology should not have to be defended but let me remind you
that all of the wondrous things we enjoy today are do to technology and all
tomorrow's problems will be solved by new technological innovations. Those who
defame technology or attempt to destroy it (as in the Trader Center attacks)
are those who fail to grasp its true significance or have some other sinister
agenda.
The problem in the world is not with technology but with monsters that are
somehow considered part of humanity. It's our lack of determination to
efficiently and deftly deal with aberrant individuals that's the problem.
There are simply too many people that would rather find excuses for inaction.
You sound like you may be French, and if you are, then you should reflect back
on the German buildup and ultimate invasion of France. It was not technology
that created that horrible point in time, it was failed societies that ignored
the dangers of a monster in their neighbor. It was a lack of resolve, and I
hope America can demonstrate the courage and leadership the world needs to
preserve our current values in the face of these destructive forces.
As for Star Wars, I am one that hopes it is developed as quickly as
possible. No, it wouldn't have stopped this latest tragedy, but it would
remove the fear of greater ones and not simply the attack on one center. As
yesterday's attack proves, America is the target of these monsters because we
are the world leaders. Therefore, those outside of this county shouldn't pooh
pooh America's desire to defend itself, and thereby defend all others who
value the financial and political freedoms most of the world currently enjoys.
Yes, the terrorists may have had smuggled weapons onboard those planes but
that's no reason to stop developing technology. Free nations have to be more
committed and dedicated to prevent such acts, and I think a collective
spirit is developing to make that a reality. And for you to criticize the
building of large office complexes is stupid. Would you have also thought that
leaving our caves was an unnecessary step due to disruptive and abusive
technology? Yes, the buildings concentrated people, but there are very good
reasons for such complexes and I'm not going to lecture you like I would my
grandsons. The fault wasn't the concept or technology -- it was the result of
monsters that should have been eradicated long ago but we failed to assess
their true danger. I think that period is now over. Pearl Harbor taught us one
lesson, this is teaching America another one.
As for this hurting companies developing the technology of tomorrow, you
must be really young. Think back to World War II. Thank goodness the free
nations had the desire and will to turn their technologies into military
machines that ultimately destroyed the Axis powers -- and freed France from
occupation. Preparing for defense, and I hope offense in this case, doesn't
thwart technology, it serves to stimulate it.
Ralph
Jean Jacques Chenier wrote:
The day after. <FONT
face=Arial>While we mourn our friends, acquaintances and
colleagues our duty is to understand what will be the impact of yesterday?s
tragedy on the financial markets. This major event could mark a shift away
from America?s heavy reliance on technology and have tremendous consequences
on the way America function on the way. <FONT
size=-1>Firstly the failure of American intelligence is obvious. American
intelligence relies heavily on signals intelligence (SIGINT). Signals
intelligence includes any intelligence collected from intercepted
communications, such as microwave, landlines secret writing, or
electromagnetic emanations (e.g., foreign radar signals or telemetry from an
object of intelligence interest.) This strategy has clearly
shown its limits in fighting terrorism, which is likely to be the war of the
future. Secondly, the ?Star
War? pet project of president Bush has been proved today to be a dream that
would be unable to protect the American population from terrorists attacks.
Again high tech and huge amount of taxpayers? money is of little help to
fight determined terrorist. <FONT
size=-1>Thirdly, we all go through metal detectors and X-Ray machines before
boarding aircrafts. Yet fanatics have been able to smuggle weapons in order
to highjack several airplanes. <FONT
size=-1>As for the World Trade center itself, it may look as another failure
of technology. It was planned to stand a 707 crash. The fact that the World
Trade Center has been targeted twice is no coincidence. To gather so many
people in the same place was an accident waiting to happen. The fact that
the technology did exist to build it should not have been a reason good
enough to do it. Again there was a huge amount of money spent and a naive
belief in technology. <FONT
size=-1>Yesterday?s tragedy may lead the American people to reassess its
belief in technology. A very
possible consequence of yesterday?s horror may be a continuous slide on the
technology laden Nasdaq index. All the stock indices will suffer , as whole
sectors of the economy will be hurt: financial services of course (some of
them head-quartered in the World Trade Center, other had their back
offices), airlines, hotels etc. but the Nasdaq is likely to suffer the most.
In last week?s newsletter (see our web site <A
href="http://www.alterama.com";>http://www.alterama.com) we were
forecasting a drop of the S&P500 to 930, an objective that we might
reach sooner than we thought. As for the Nasdaq 100, we reiterate the
objective of 1,100 that we stated several times in 2001. <FONT
face=Arial>Jean Jacques Chenier <FONT
face=Arial>Alternative Asset Management, Inc.
Tel: 646 840 0385 <FONT
face=Arial>E-mail: <A
href="mailto:JChenier@xxxxxxxxxxxx";>JChenier@xxxxxxxxxxxxTo
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