<!DOCTYPE HTML PUBLIC "-//W3C//DTD HTML 4.0 Transitional//EN"> <HTML><HEAD> <META content="text/html; charset=iso-8859-1" http-equiv=Content-Type> <META content="MSHTML 5.00.2614.3401" name=GENERATOR> <STYLE></STYLE> </HEAD> <BODY bgColor=#b8b8b8> <DIV><FONT size=2>Greetings, Comrade.</FONT></DIV> <DIV> </DIV> <DIV><FONT size=2>You should recall our little wager of one year past, that the Dow</FONT></DIV> <DIV><FONT size=2>would plummet beneath the mark of 3,000 at some point before</FONT></DIV> <DIV><FONT size=2>September 15, 1999.</FONT></DIV> <DIV> </DIV> <DIV><FONT size=2>Well, notwithstanding your command of the nearly-invincible</FONT></DIV> <DIV><FONT size=2>science of Marxism-Leninism, your prediction has not come</FONT></DIV> <DIV><FONT size=2>to pass.</FONT></DIV> <DIV> </DIV> <DIV><FONT size=2>Kindly ship the case of Lagavullin to:</FONT></DIV> <DIV> </DIV> <DIV><FONT size=2>Max B. Sawicky</FONT></DIV> <DIV><FONT size=2>Suite 1200</FONT></DIV> <DIV><FONT size=2>Economic Policy Institute</FONT></DIV> <DIV><FONT size=2>1660 L Street, NW</FONT></DIV> <DIV><FONT size=2>Washington, DC  20036</FONT></DIV> <DIV> </DIV> <DIV><FONT size=2>If it's any consolation, I do not partake of hard liquor myself,</FONT></DIV> <DIV><FONT size=2>so I will be doling out the bottles to assorted members of</FONT></DIV> <DIV><FONT size=2>LBO-Talk and PEN-L, many of whom share your esoteric</FONT></DIV> <DIV><FONT size=2>political enthusiasms, in return for assorted favors, or in</FONT></DIV> <DIV><FONT size=2>redemption of past debts.</FONT></DIV> <DIV> </DIV> <DIV><FONT size=2>In light of recent perturbations in the financial markets,</FONT></DIV> <DIV><FONT size=2>you may regret not having set a slightly later date.  If</FONT></DIV> <DIV><FONT size=2>you like, we can go double or nothing, with a date of</FONT></DIV> <DIV><FONT size=2>October 31, 1999.  That will give you a shot at the</FONT></DIV> <DIV><FONT size=2>historically troubled month of October.  I think this</FONT></DIV> <DIV><FONT size=2>is very generous.  Don't you?</FONT></DIV> <DIV><FONT size=2></FONT> </DIV> <DIV><FONT size=2>Regards,</FONT></DIV> <DIV> </DIV> <DIV><FONT size=2>Max Sawicky</FONT></DIV> <DIV> </DIV></BODY></HTML>