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How to Explain Enronomics to Kids
Feudalism - You have two cows. Your lord takes some of the milk.
Fascism - You have two cows. The government takes both, hires you to take care of them, and sells you the milk.
Communism - You have two cows. Your neighbors help take care of them and you share the milk.
Totalitarianism - You have two cows. The government takes them both and denies they ever existed and drafts you into the army. Milk is banned.
Capitalism - You have two cows. You sell one and buy a bull. Your herd multiplies, and the economy grows. You sell them and retire on the income.
Enron - You have two cows. You sell three of them to your publicly listed company, using letters of credit opened by your brother-in-law at the bank, then 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. The milk rights of the six cows are transferred via an intermediary to
a Cayman Island company secretly owned by the majority shareholder who sells the rights to all seven cows back to your listed company. The annual report says the company owns eight cows, with an option on one more.
the follow book will become part of the LB (Lovevibe-Brown) Library some time next month....i have been searching for years for an old alchemy print w/o any luck, Linda bought Alex this great book a couple weeks ago (sorry good Doctor) and I have engrossed in it, it seems to get the prints you gotta get the books....as you can imagine its rare, the 3rd book to change hands in the last 25 years....
ABRAHAM ELEAZAR. URALTES CHYMISCHES WERCK, Welches Ehedessen von dem Autore Theils in Lateinischer und Arabischer, theils auch in Chalaeischer und Syrischer Sprache Geschrieben...
Erfurt: Augustinus Crusius, 1735. 2 parts in one vol, 8vo, frontis. & 15 full-page engravings by J.E. Boeck, full-page woodcut, and woodcut diagrams throughout. [Bound with:] Zoraster. Clavis Artis des Beruehmten Juden und Rabbi Zoroasters. Jen: Joh. Gebast. Rudolph, 1738. Full vellum, lightly rubbed. A fine copy.
¶ First Edition of one of the major 18th century works on alchemy, by an author who wrote under the name of Abraham Eleaszar, the supposed author of the ancient alchemical ms found by the famous 13th century alchemist Nicolas Flamel. The engravings are said to be after illustrations in the manuscript found by Flamel. Ferguson devotes much space in trying to determine if it is authentic or note.Duveen pp.1-2: “The curious engravings are interesting examples of symbolic illustration.” Ferguson I, pp.2-3 (the Young Collection had only the second edition of 1760 but states the plates are far better int he first). Caillet pp.31-32. Ritman Library, The Silent Language, 49. Verginelli 1. Ouvaroff had only the second edition. Not in Dorbon or Jouin & Descreux; not in de Guatita or Manly Hall collections.
TTake the famous "which beatle are you" test
"For Whom the Bells Toll is a national initiative to have religious organizations throughout the country toll their bells whenever there is an execution."