Spring 2002
Volume IV, Issue I

Humour

Do you have A.A.A.D.D.?

Medical science (Ha!) has finally found a diagnosis for this Age Activated Attention Deficit Disorder…
This is how it goes: I decide to wash the car; I start toward the garage and notice the mail on the table. Ok, I'm going to wash the car. But first I'm going to go through the mail. I lay the car keys down on the desk, discard the junk mail and I notice the trashcan is full. Ok, I'll just put the bills on my desk and take the trashcan out, but since I'm going to be near the mailbox anyway, I'll pay these few bills first. Now, where is my checkbook? Oops, there's only one check left. My extra checks are in my desk. Oh, there's the coke I was drinking. I'm going to look for those checks. But first I need to put my coke further away from the computer, oh maybe I'll pop it into the fridge to keep it cold for a while. I head towards the kitchen and my flowers catch my eye, they need some water. I set the coke on the counter and ooh oh! There are my glasses. I was looking for them all morning! I'd better put them away first. I fill a container with water and head for the flowerpots - - Aaaaaagh! Someone left the TV remote in the kitchen. We'll never think to look in the kitchen tonight when we want to watch television so I'd better put it back in the family room where it belongs. I splash some water into the pots and onto the floor, I throw the remote onto a soft cushion on the sofa and I head back down the hall trying to figure out what it was I was going to do.

End of Day: The car isn't washed, the bills are unpaid, the coke is sitting on the kitchen counter, the flowers are half watered, the checkbook still only has one check in it and I can't seem to find my car keys! When I try to figure out how come nothing got done today, I'm baffled because I KNOW I WAS BUSY ALL DAY LONG!!! I realize this is a serious condition and I'll get help, BUT FIRST I think I'll check my e-mail ...

 

ENRON CAPITALISM

Forwarded to us by Bill Dickerson

 

In case you were wondering how Enron came into so much trouble, here is a simple explanation given by a Harvard professor of economics.

Traditional American Capitalism ---

  1. You have two cows.
  2. You sell one and use the money to buy a bull.
  3. Your herd multiplies. The economy grows.
  4. You sell your herd and retire on the income.

Enron Capitalism ---

  1. You buy two cows. You sell three to your mother's publicly listed company, using letters of credit opened by your brother-in-law, Dick, at the Swiss bank branch in Barstow.
  2. Then you quickly execute a debt/equity swap with an associated general offer so that you get all four cows back, with a tax exemption for five cows, and you work the arbitrage spread while denying insider information.
  3. The milk rights of the six cows are then transferred via an intermediary to a Cayman Island company secretly owned by your Uncle Max who sells the rights to the seven cows back to your listed company.
  4. The annual report states that your company now owns nine cows, with an option on eighteen more. But now you need to buy a couple of bulls to service all these cows so you borrow several million dollars from your employee's 401K retirement fund, buy the bulls and give Dick, Max and your mother a $20 million dollar accounting fee.
  5. Now the cows and everyone else are getting royally screwed so Uncle Sam comes along and bails you out at taxpayer expense so you can go out again and buy two cows.

We found the A.A.A.D.D. article and the Enron Capitalism piece in the Monotony Breakers which our old friend Bill Dickerson puts out to lighten up friends and colleagues. The Monotony Breakers are a mixture of wisdom, humour and commentary which Bill culls from various sources. If you have a great item send it to bdickerson@Exchange.FULLERTON.EDU