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This column about the abject appeasement by the New York Stock Exchange in the face of animal liberationist threats is important. Apparently Huntingdon Life Sciences, which has been subjected to years of terrorist-type intimidation (along with companies with which it does business), to drive it out of business, was going to be listed on the NYSE. That led to the usual threats against the Exchange, and its apparent all-too-common capitulation and appeasement. But if the heads of the NYSE thinks this will buy them peace, just wait until another listed company is subjected to the same kind of assault. Will the appeasers agree to de-list the company?

History tells us clearly that predators are never satisfied by giving in. They only get hungrier—and bolder.

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