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Tuesday, May 20, 2003

Morning Musings- Worldcom's forking over half-a-billion to settle its creative accounting case with the SEC. However, the people bringing suit want more; given a market cap of $35.5 billion today, a larger award might be warranted. Welcome to the Democratic Debate of the Month Club. If you don't like your monthly selection, you can send it back to C-SPAN within 30 days for a full refund. Anyone want to buy stud rights for Funny Cide? I'm selling my share, since they're not going to go up any further, even if he wins the Belmont. In all seriousness, this will be an unique opportunity to actually watch a sucessfull three-year-old run as an adult, for most of the sucessful horses are put out to stud after winning a couple of Triple Crown races, for they're more valuable having kids than risking being "put away" after a racing injury. As a gelding, stud duty's not an option for Funny Cide. The Supreme Court has upheld the right of a teenager to wear a shirt saying- "If our elementary school has a student parking lot, we might be rednecks." However, the more interesting case was for denying voting rights for families who send their kids to neighboring school districts. Many small school districts will farm their high schoolers (or lower levels) out to neighboring ones, but that puts the receiving district in the position of being a contractor. If the two districts formally merged, then voting rights would be an issue, but as long as it is one district contracting with another, voting rights aren't in the loop.

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