60 replies [Last post]
cob
Offline
Location: Texas panhandle
Joined: 10/28/2002
Posts: 65
Rich Hunters

yeah, i'm still around. I didn't check the board last night and there were 9 posts to this subject. Yes, yall are off topic. The subject is rich hunters, not rich a$$holes.
bitmasher, you're right, he "earned" his money and he can do whatever he wants with it, but as long as he's not giving any of it to me and what he's doing with it costs me money, i'm going to get pissed off and talk bad about him on the internet and what he's doing is immoral.

expatriate's picture
Offline
Location: Arizona
Joined: 10/26/2002
Posts: 3207
Rich Hunters

Good point, Cob.

Here's a thread Bitmasher might enjoy. Everyone knows that in 1997 Ted gave $1 billion to the UN to go for programs like refugees, cleaning up land mines, diseases, etc. What most people don't realize is that the gift actually consisted of $100 million in Time Warner stock per year over ten years.

Here's the source: http://www.cnn.com/US/9709/18/turner.gift/

So we have to assume that the UN cashes out the stock each year. Otherwise, according to the math the UN now owns at least half a billion dollars in Time Warner stock. A cynical person might think that the right global policies could create crises that would boost ratings at CNN and increase the stock value of a media giant like Time Warner. This in turn would make more money available for dealing with the refugees, land mines, diseases, etc caused by the crises.

So was it a gift, or an investment? Any chimp can see the potential in this one, wouldn't you agree, Bit?

By the way, note that most UN sanctions are applied against countries that don't have affordable cable.

[ This Message was edited by: expatriate on 2002-11-08 22:00 ]

bitmasher's picture
Offline
Moderator
Location: Colorado
Joined: 02/27/2002
Posts: 2973
Rich Hunters

Intriguing post. Honestly it is hard to say, since there is little in the article that discusses what roll Ted will play in governing how the money is used ("Only UN causes" is vague). Certainly if the money is not used for humanitarian aid, but rather vote buying money (in favor of strong action against Iraq) on the recent security council vote (Russia sure changed their tune didn't they? Perhaps a little discussion between various countries looking the other way in chenya and georgia in a yet to be known future planned offensive? I'm being serious on this one...) there can be little doubt that it is a shrewd investment. CNN's ratings soar in times of crisis.

There is another portion of this article that is interesting. Ted said the gift had a net present value of $600,000 (this sounds fishy). So did he give a one time donation of (what is now AOL Time Warner) stock in trust then project future share price growth would result in a 10 year $1,000,000,000 donation (to be dispersed annually)? If he did then there is more to the story. Review this link:

http://finance.yahoo.com/q?s=AOL&d=c&k=c1&a=v&p=s&t=my&l=on&z=m&q=l

Reviewing the history of the stock, at the time it does certainly look like the "gift" would result in a 1 billion donation, given its previous growth curve. And for the first few years it meeted and exceeded those projections. However (ignoring splits, i'll explain in a minute) and drawing a line between the current value and 1997, it does not appear that the stock will meet the performance projection necessary to be a $1 billion gift.

If you count splits, that the trust in question would keep the value of the split rather than half being returned to Turner, then clearly it has kept and made projections (and way exceeded). However, since Turner has not come out trumpeting his 1 billion is worth considerably more, it is probably safe to assume that the trust is not keeping the split value.

The upshot of this rambling? The billion isn't a billion, gifts of stock and future projections are a little bogus. Furthermore considering the dead weight AOL has become the stock could go much lower.

Of course, siting the larry king interview mentioning an estatic Jane upon hearing the "donation" news, perhaps at the time their sex life was on the rocks, and Ted simply needed a way to get the "romance" going again. Too bad diamonds aren't this girl's best friend...

Cob, sorry, he baited me (THAT'S NOT FAIR CHASE!) and I bit, perhaps this thread should just be called "Ted Turner"....

Regarding chimps, some shouldn't be given keyboards even if they are capable of abstract thought.

[ This Message was edited by: bitmasher on 2002-11-08 22:47 ]

cob
Offline
Location: Texas panhandle
Joined: 10/28/2002
Posts: 65
Rich Hunters

I used to work with a guy that would go crazy over this. He hates ted with a passion, not because of hunting but because of what he did to TV. "The founding fathers of tv would roll over in their graves if they knew how much teddy was charging americans for cable" his payback is hacking satellites. That was one of his jobs in the military so it comes easy. him and several people that i worked with there have every channel direct tv offers for free. If anybody has seen this done its not that hard to buy a card burner and download everything you need off the internet but this guy was more serious than that. He got me (i'm a computer programmer) and a mathmetician to help him with this one project and he built a $9000 computer to run this software i helped write to break these codes on the cards. anyway, this guy's pretty much a nut job but its not just hunters that don't care for teddy.

bitmasher's picture
Offline
Moderator
Location: Colorado
Joined: 02/27/2002
Posts: 2973
Rich Hunters

Hey Cob, that is interesting... Ever worry about the DMCA?

expatriate's picture
Offline
Location: Arizona
Joined: 10/26/2002
Posts: 3207
Rich Hunters

Cob, here's another one. If the friend's military career involved a security clearance and he's using that on the outside to pursue an illegal activity, the legal issue goes way beyond DMCA.

cob
Offline
Location: Texas panhandle
Joined: 10/28/2002
Posts: 65
Rich Hunters

Well, i'm not worried about anything, i don't have the illegal tv, because if you get busted you're liable for every single program that got to your box. That means you would have to pay for the highest prices package, which is well over $100 a month, plus every pay per view weather you watched them or not. He's not using military clearance to do this, he's just using some of the knowledge, and he's smarter about it than the average person that does this. without going into a long explanation on how this stuff works i can't explain it but the only way he would get caught is if somebody that knew how this stuff worked walked into his house and saw it.

bitmasher's picture
Offline
Moderator
Location: Colorado
Joined: 02/27/2002
Posts: 2973
Rich Hunters

I have to admit getting free tv because of a clever hack is just plain cool. However, with the laws being as they are these days, just doing it for purely hobby interests can get you in to megahotwater. In the end it doesn't seem worth it.

Sounds like Direct-TV is pretty stiff with its penalties too.

Speaking of cool hacks. Have you ever messed with stenography programs? There has been a lot of jabbering in the press about osama et al hiding messages in porn pictures. Maybe they do, maybe they don't, either way "stenography" wasn't in my vocab at the time, so I checked out some of the publicly available steno programs, and was amazed to find they did exactly as billed. Putting encrypted text in a visually unaltered image (porn optional) is pretty cool, but definitely goes in the "only useful if your an international spy or severely paranoid" category.

cob
Offline
Location: Texas panhandle
Joined: 10/28/2002
Posts: 65
Rich Hunters

it is also used in advertising. when i was in highschool we had a lady come give a program. Part of her thing was showing magazine ads. she had a slide show where she flipped through these slides of magazine ads about the speed you would flip through magazine pages and she had everybody write down the number of the ones that caught our eye. at the end almost everybody had the same numbers. the ones we wrote down had some sort of "subliminal message" in them. it was something in the picture that even if you're looking for something odd, you don't notice it but when somebody points it out to you, its plain as day. Most of them had to do with sex, either the word sex or naked bodies or body parts. there were also guns and skulls. granted, some of them were questionable but for the most part, there just seemed no way that stuff could accidentally be there.
ps. its a good thing this is the anything goes forum.

expatriate's picture
Offline
Location: Arizona
Joined: 10/26/2002
Posts: 3207
Rich Hunters

Interesting thought...I can see the news story:

For reasons unknown, 46 year-old accountant Randall Finkelstein suddenly changed his name to Achmed Muhammed recently and bought a plane ticket to Damascus in order to join the Hezbollah.

"I don't understand it," his wife said to reporters. "He was perfectly fine until last Tuesday night; he was up late again behind closed doors on the computer when he suddenly yelled, 'Allahu Akhbar!' and began mixing household chemicals together in the garage. When I asked him what he was doing, he called me a Zionist harlot and ran out the door. I haven't seen him since."

In a related story, reports from the Middle East suggest that several terrorist organizations are beginning to provide dental coverage and tax-deferred savings plans for employees...

Related Forum Threads You Might Like

ThreadThread StarterRepliesLast Updated
bear hunting in Ark...jssbastiat110/11/2003 21:15 pm
Tea Party an invention of the Right Wing Super Richpangolin2404/16/2009 08:59 am
Hunters Trading Postjkgcon010/11/2007 20:28 pm
Hunters Trading Postjkgcon010/11/2007 20:34 pm
40% of Wyoming's Non Resident Tags To The Rich.jshutah1011/20/2003 22:07 pm