U.S. GEOLOGICAL SURVEY  NATIONAL EARTHQUAKE INFORMATION CENTER World Data Center for Seismology, Denver  Reply to: sedas@neis.cr.usgs.gov or neic@usgs.gov  The following is from the  United  States  Geological  Survey,  National Earthquake Information Center:  Preliminary hypocenter for earthquake of 2001 Jul 19, UTAH, about 25 miles (40 km) NNE of  Loa,  Utah:   latitude 38.7 degrees north, longitude 111.5 degrees west, origin time 20 15 34.0 utc, depth 3 km, magnitude 4.3. The  magnitude  and  location  may  be revised when additional data and further analysis results are available. There have been no reports of damage. The location  and  magnitude  for this  earthquake  were  furnished  by  the University of Utah, Salt Lake City. Stations used:  MSU eP 201544.3 MVU eP 201545.2 SRU eP 201550.5 PV10 P 201552.5 MPU eP 201557.9 DUG eP 201605.0 DAU eP 201605.2 ARUT eP 201606.5 NOQ eP 201608.3 CTU P 201609.0 PV01 P 201616.1 ELK P 201629.7 TPNV P 201639.8 BW06 P 201641.5 BMN P 201648.6 ISCO P 201648.9 HAYW P 201650.8 HLID eP 201654.8 ANMO eP 201658.3 LAZ P 201659.8 LENM P 201703.8 LPM P 201705.7 BNM P 201706.9 MCMT P 201709.3 JLDW P 201709.4 TUC qPn 201710.6 WVOR ePn 201713.7 BOZ eP 201718.7 CHMT P 201738.9 WALA eP 201808.8 WMOK eP 201814.0 MIAR eP 201908.8 ULM P 201920.8 SIUC P 201943.4 PWLA P 202001.5 LRAL P 202016.8 GOGA P 202043.8    EDIS-07-19-01 1443 PDT 
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answer: [EDIS]  EQ MAG 4 3 UTAH [News: Statewide]
Paul:  I need to speak with you about the foregoing. (1)  Re:  the Chase Global Custody Agreemnet  Are you OK with Chase's ability to setoff amounts in any ENA Chase accounts  against amount which ENA may owe under the Global Custody Agreement? Does  ENA have many accounts with Chase? (2)  Re:  Enron Credit Inc. repo agreement with Goldman Sachs & Co. ("GSC")  By way of background, ECT executed a repo with GSC on 4/25/97. FYI, Enron Corp. issued a guaranty in the amount of $10 million. Do you have any concerns with respect to a repo agreement between GSC and  Enron Credit Inc.? If possible, could we speak today? Thanks. 
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answer: Global Custody Agreement (ENA)
Attached is a clean and redlined copy of the ENA's IT Agreement on Lost  Creek. The revisions incorporate Chris Hoekenga's comments. Please review  and let me know if this looks acceptable. If OK we can forward to BR for  their final review. 
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answer: ENA-Lost Creek IT Agreement
Stamos,  I don't think many buying opportunities out there. The economy is going to  get  crushed this year. There's only one place to put one's money now, and that  is in cash. The manufacturing sector is in dire straits and you will continue to see an  increase in plant shutdowns and company layoffs. The Fed could continue to lower rates  but there'll be little capital investment if consumer spending dries up. I feel we've  just seen the beginning. I think the Dow will be trading under 8000 by the end of April. Psychologically, the California crisis will add to consumer fear. The crisis  is not a short term problem. As a result, barring any Federal bailout, you could kiss that  state's economy goodbye. Let me ask you a question; if you were paying (1) the highest real estate  prices in the country, and  (2) the highest energy prices for the least reliable power, in (3) the midst  of a hi-tech meltdown, what would keep you or your company from closing shop and moving to a different state?? If you own any CA real estate, sell. The only way to solve the CA energy crisis is to  reduce demand or increase supply. Since CA doesn't want any power plants in its backyard, the supply issue  likely won't be solved anytime soon. So, how do impact demand?? You have to price energy(power/gas) so  high that the discretionary user (household, manufacturer, commercial store) conserves  by closing its plant, cutting back on the thermastat or running the commercial operation during off-peak  hours. California will see this reduction in demand over time. If the blackouts subside it's because so  many businesses have closed their doors for good or moved to another state. Without this, the  blackouts will get much worse. If the state tries to get into the business of buying and selling electricity  and gas, I would bet it will go bankrupt within 2-3 yrs. Could you imagine the impact on the national  economy from the bankruptcy  of the U.S.'s most prosperous state. Obviously this is only my opinion, but  I would keep my eyes on the energy markets - that's where the key to the turnaround lies. Take Care  and thanks for the email. Kevin 
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answer:
Good Buying Opportunity????