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The American Chemical Society (ACS) - celebrates it's 125th anniversary this year. An incredible amount of chemical industry information is available from their home page at www.acs.org. If you are in this business you owe yourself a visit to this site. SHAMELESS PROMOTIONS DEPARTMENT Web Site Design, Development and Implementation - A complete listing of our FY 2000 portfolio (completed projects only) can be found here. Contact The Webmaster to begin your website today.
THE SOAPBOX The Fed has lowered rates to a 40 year low and the market has closed above their September 11th levels. History tells us that we are now poised for an economic upturn, though it will be mid-2002 before the tea leaves (read Federal economic activity reports) really bear this out. The current risk is actually deflation, a condition unknown in the US since the Great Depression. Put another way, if the economy continues to slow down how much farther can the Federal Reserve ease? Only another 2%! With little new investment, softening demand and rising unemployment the most basic of economic principles takes effect. So prices begin to fall as a reaction to softening demand. Surely the reader has noticed the price of gas since the events of 9/11? Could this be the bellweather of things to come? But what has changed over the last 18 months fundamentally? A "bubble" has been taken out of the stock markets certainly. But by the most basic of stock analysis, the PE ratio, it is still overvalued by historical standards. This market PE ratio is skewed by technology firms with high burn rates and little or no profits. Even in Age of the Internet it still takes revenues exceeding costs to equal profits, which is the only reason investors place their bets on a company in the first place. This is something many investors forgot somewhere along the way and the reason the "bubble" has now burst. What has changed since the September 11th attacks? Temporary economic dislocations certainly, like television ad and passenger air travel revenues. Defense spending and investment in security related firms are expected to increase however. Biometric sensing will be very hot and we expect a tenfold increase in corporate spending in biometric sensing for security over the next three years. War is usually good for our economy and the current one looks to be a long one indeed. As far as the stock market goes there are bargains out there. There are dogs too. But the market won't stay below 10,000 much longer and after that will not likely fall below it ever again. Our long-term prospects remain strong. Do your part and spend some money on things you can afford, go out to eat someplace and enjoy your freedom as an American! the webmaster
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ON THE LIGHTER SIDE * Passwords are like underwear: Don't share them, hide them under your keyboard, or hang them from your monitor. Above all, change them frequently. * A new addition to the periodic table of chemical elements Element Name: MAN Symbol: XY Atomic Weight: 180+ Physical properties: Solid at room temperature but gets bent out of shape easily. Fairly dense and sometimes flaky. Difficult to find a pure sample. Due to rust, aging samples are unable to conduct electricity as easily as young samples. Chemical properties: Attempts to bond with WO any chance it can get. Also tends to form strong bonds with itself. Becomes explosive when mixed with KID (Element: Child) for prolonged periods of time. Neutralizes by saturating with alcohol. Usage: None known. Possibly good methane source. Good specimens are able to produce large quantities on command. Caution: In the absence of WO, this element rapidly decomposes and begins to smell. * Funny how a dollar can look so big when you take it to church, and so small when you take it to the store. * TWO QUOTES FOR YOUR THOUGHTS "All it takes for evil to triumph is for good men to do nothing." CREDIT APPLICATION Acrobat Form or Acrobat Interactive Form
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