I have commented often on the absurdities of bizarre legislation known as Sarbanes-Oxley.

Our company will have spent over $3 million dollars in two years complying with this crazy quilt of regulations. This legislation was designed to prevent future "Enrons." I doubt that Sarbanes Oxley will prevent fraud - the best guard against fraud is to force every executive of a public company to view photographs of Scott Sullivan, Jeffrey Fastow and others being marched out of their offices in handcuffs.

This leads me to a terrific interview in The New York Sun yesterday with Nobel Laureate Milton Friedman. Note that Friedman feels that Sarbanes Oxley poses the greatest danger to the USA economy. I could not agree more.

BLACKBERRY UPDATE

The other day I raved about my new BlackBerry 8700. I rated this device a perfect 10. Today I have dropped the rating to 7 out of 10. Why? Perhaps I destroy my devices because of high usage? My 8700 appears to be flawed (according to Cingular customer service). I delete all emails on my BlackBerry daily, but every two days I get a message that I am running out of storage. Of course I am not storing messages. So what is happening? Apparently I have a broken device that cannot remember that I have deleted my emails.

Now to get Cingular to replace my three week old 8700. It has been a struggle with customer service. One service fellow told me if the problem appeared again, Cingular would replace the device immediately. But tonight when I called to report the same problem, I could not get the customer service person to agree to what the previous rep had promised. Hopefully this will be rectified shortly.