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w3m 1.4.4 bug



I use w3m with MH-E to render HTML emails.

I see this rendering of an email:

  Message-ID: <1102484428892.1101915333743.149.8.16131001@scheduler>
  Date: Mon, 2 Mar 2009 13:14:37 -0500 (EST)
  From: ...
  To: layer@xxxxxxxxx
  Subject: From the ashes, a new SEC attitude

     Pension Dynamics                                                         
                                                                              
     Month Day, Year                                                          
                                                                              
     From the ashes, a new SEC                                                
     attitude                                                                 

     Help is on the way. At the                                               
     Securities Exchange                                                      
     Commission, Mary Shapiro                                                 
     replaces Christopher Cox, the                                            
     former Orange County U.S.                                                
     representative who ran the                                               
     agency into the ground.                                                  
                                                                              
     Apart from the fact that there                                           
     were unfilled vacancies on the                                           
     commission for a good part of                                            
     the Cox era, we are now                                                  
     learning that SEC policy was                                             
     to allow no legal action to                                              
     move forward without express                                             
     approval from the handful of                                             
     commissioners on the board.                                              
     Considering that there were                                              
     typically about 700,000                                                  
     whistleblower reports per year                                           
     that warranted at least a                                                
     follow up, this sounds to me                                             
     like a deliberately broken                                               
     system --- the "less is more"                                            
     school carried to a perverted                                            
     extreme.                                                                 
                                                                              
     Those days are over. The new                                             
     commissioner is moving forward                                           
     at warp speed appointing                                                 
     people to positions that                                                 
     remained unfilled for months                                             
     under the previous                                                       
     administration. My favorite                                              
     appointee is Kayla Gillian,                                              
     former CALPERS counsel, who                                              
     engaged in a squabble with                                               
     Commissioner Cox a year ago                                              
     when she was with the Public                                             
     Company Accounting Oversight                                             
     Board. Seeing itself as the                                              
     handmaiden of corporate                                                  
     management, the SEC was                                                  
     swatting away attempts at                                                
     accounting board oversight.                                              
     Those CPA concerns might just                                            
     as well have been some 700,000                                           
     mosquitoes.                                                              
                                                                              
     One of Gillian's first orders                                            
     of business will be to lead a                                            
     new investor advisory council                                            
     and explore practical ways to                                            
     empower shareholders in                                                  
     corporate governance issues.                                             
                                                                              
     Choosing corporate directors                                             
     and limiting executive pay                                               
     would be the natural                                                     
     by-product of these efforts.                                             
                                                                              
     Whatever most other                                                      
     industrialized countries have                                            
     adopted should be good                                                   
     starting point.                                                          
                                                                              
     We don't have to reinvent the                                            
     wheel.                                                                   
                                                                              
     Speaking of wheels, when                                                 
     Chrysler was purchased by                                                
     Mercedes-Benz a few years                                                
     back, the first thing Mercedes                                           
     told Chrysler's top management                                           
     was that the gravy train was                                             
     ending.                                                                  
                                                                              
     They would not be paid more                                              
     than Germany's top management                                            
     wage scale. Chrysler may have                                            
     since fallen on hard times                                               
     since then, but at least                                                 
     during its Mercedes era, we                                              
     didn't have grotesque                                                    
     management compensation adding                                           
     insult to injury.                                                        
                                                                              
     While Congress is currently                                              
     pondering the thought of doing                                           
     away with the SEC altogether,                                            
     that would be throwing the                                               
     baby out with the bathwater.                                             
     Meanwhile, Arthur Levitt would                                           
     be great to have back on                                                 
     board.                                                                   
                                                                              
     The former and longest-serving                                           
     SEC chairman wrote the book                                              
     "Take on the Street" a few                                               
     years ago. The subtitle was,                                             
     "What Wall Street and                                                    
     Corporate America Don't Want                                             
     You to Know - What You Can Do                                            
     To fight Back."                                                          
                                                                              
     Arthur Levitt's book                                                     
     illustrates the extent to                                                
     which the SEC is heavily                                                 
     politicized.                                                             
                                                                              
     After all, the agency exists                                             
     at the will of Congress, so it                                           
     can't be immune to political                                             
     pressure.                                                                
                                                                              
     Until the wheels totally fell                                            
     off during the most recent                                               
     regime, it was one of the most                                           
     bipartisan departments -                                                 
     well-insulated from the graft                                            
     and corruption that politics                                             
     can introduce.                                                           
                                                                              
     Hopefully, there are signs                                               
     that this independence will                                              
     become the norm once again.                                              
     Shapiro's other choices for                                              
     top administrators include the                                           
     irrepressible Harvey Pitt who                                            
     was fired a few years back                                               
     for, among other things,                                                 
     trying to make the SEC                                                   
     chairmanship a cabinet level                                             
     post, but he is reputed to be                                            
     extremely knowledgeable and                                              
     tenacious.                                                               
                                                                              
     Now that he has the right                                                
     handlers, we can expect more                                             
     from him.                                                                
                                                                              
     When we look back on this                                                
     "downdraft" a few years from                                             
     now, I think we'll conclude                                              
     that it was one of the best                                              
     things that could have                                                   
     happened to us. Corporate                                                
     governance and responsible                                               
     management have become an                                                
     increasing right to us                                                   
     stockholders with every pay                                              
     period's 401(k) deposit.                                                 
                                                                              
     Until this crisis, we were                                               
     heading for a world with no                                              
     regulation and no opportunity                                            
     to even initiate lawsuits                                                
     against companies that were                                              
     ripping us off. This time, we                                            
     have finally driven a spike                                              
     through the heart of what C.                                             
     Wright Mills called "The Power                                           
     Elite" in his '50s era book on                                           
     the limitless control of                                                 
     modern corporate management.                                             
     This experience is costing us                                            
     all something, no question,                                              
     but we have to remember, "No                                             
     pain; No gain."                                                          


Which looks very different than when I put the code into Firefox and
look at it--the w3m version is very narrow and hard to read.

`links', the other method of viewing html messages in MH-E renders it
much better, though not perfect.

Here's the original html:

<body topmargin="0" leftmargin="0" rightmargin="0"><!--Copyright (c) 1996-2009 Constant Contact. All rights reserved.  Except as permitted under a separate
written agreement with Constant Contact, neither the Constant Contact software, nor any content that appears on any Constant Contact site,
including but not limited to, web pages, newsletters, or templates may be reproduced, republished, repurposed, or distributed without the
prior written permission of Constant Contact.  For inquiries regarding reproduction or distribution of any Constant Contact material, please
contact legal@xxxxxxxxxxxxxxxxxxxxxx>
<div style="overflow: auto;" id="rootDiv" align="center">
<table style="background-color:#FFFFFF;margin:0px 0px 0px 0px;" bgcolor="#FFFFFF" border="0" width="100%" cellspacing="0" cellpadding="0">
<tr>
	<td valign="top" rowspan="1" colspan="1" align="center">
<table style="width:600px;" border="0" width="600" cellspacing="0" cellpadding="0">
<tr>
	<td valign="top" width="100%" rowspan="1" colspan="1" align="left">
	
	<table style="margin-bottom:6px;margin-top:6px;" border="0" width="100%" cellspacing="0" cellpadding="5">
	<tr>
		<td style="color:#000000;font-family:Verdana,Geneva,Arial,Helvetica,sans-serif;font-size:10pt;" valign="top" rowspan="1" colspan="1" align="left"><font color="#000000" size="2" face="Verdana,Geneva,Arial,Helvetica,sans-serif" style="color:#000000;font-family:Verdana,Geneva,Arial,Helvetica,sans-serif;font-size:10pt;">
		<div style="color:#000000;font-family:Verdana,Geneva,Arial,Helvetica,sans-serif;font-size:18pt;"><font color="#000000" size="5" face="Verdana,Geneva,Arial,Helvetica,sans-serif" style="color:#000000;font-family:Verdana,Geneva,Arial,Helvetica,sans-serif;font-size:18pt;">Pension Dynamics</font></div><br />
		<b>Month Day, Year</b>
		</font></td>
	</tr>
	</table>
	</td>
</tr>
<tr>
	<td valign="top" width="100%" rowspan="1" colspan="1" align="left">
	
	</td>
</tr>
<tr>
	<td valign="top" width="100%" rowspan="1" colspan="1" align="left">
	<table style="margin-bottom:6px;margin-top:6px;" id="content_LETTER.BLOCK4" width="100%" border="0" hidefocus="true" tabindex="0" cellspacing="0" cols="0" cellpadding="5" contenteditable="inherit" datapagesize="0">
<tr>
<td style="color:#000000;font-family:Verdana,Geneva,Arial,Helvetica,sans-serif;font-size:10pt;" valign="top" align="left"><font color="#000000" size="2" face="Verdana,Geneva,Arial,Helvetica,sans-serif" style="color:#000000;font-family:Verdana,Geneva,Arial,Helvetica,sans-serif;font-size:10pt;">
<div style="color:#000000;font-family:Verdana,Geneva,Arial,Helvetica,sans-serif;font-size:10pt;" align="left"><font color="#000000" size="2" face="Verdana,Geneva,Arial,Helvetica,sans-serif" style="color:#000000;font-family:Verdana,Geneva,Arial,Helvetica,sans-serif;font-size:10pt;"><strong><font face="Verdana,Geneva,Arial,Helvetica,sans-serif">From the ashes, a new SEC attitude</font></strong></font></div>
<div style="color:#000000;font-family:Verdana,Geneva,Arial,Helvetica,sans-serif;font-size:10pt;" align="left"><font color="#000000" size="2" face="Verdana,Geneva,Arial,Helvetica,sans-serif" style="color:#000000;font-family:Verdana,Geneva,Arial,Helvetica,sans-serif;font-size:10pt;">&nbsp;</font></div>
<div style="color:#000000;font-family:Verdana,Geneva,Arial,Helvetica,sans-serif;font-size:10pt;" align="justify"><font color="#000000" size="2" face="Verdana,Geneva,Arial,Helvetica,sans-serif" style="color:#000000;font-family:Verdana,Geneva,Arial,Helvetica,sans-serif;font-size:10pt;"><br />Help is on the way. At the Securities Exchange Commission, Mary Shapiro replaces Christopher Cox, the former Orange County U.S. representative who ran the agency into the ground.<br />&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <br />Apart from the fact that there were unfilled vacancies on the commission for a good part of the Cox era, we are now learning that SEC policy was to allow no legal action to move forward without express approval from the handful of commissioners on the board. Considering that there were typically about 700,000 whistleblower re!
 ports per year that warranted at least a follow up, this sounds to me like a deliberately broken system --- the "less is more" school carried to a perverted extreme.<br />&nbsp;<br />Those days are over. The new commissioner is moving forward at warp speed appointing people to positions that remained unfilled for months under the previous administration. My favorite appointee is Kayla Gillian, former CALPERS counsel, who engaged in a squabble with Commissioner Cox a year ago when she was with the Public Company Accounting Oversight Board. Seeing itself as the handmaiden of corporate management, the SEC was swatting away attempts at accounting board oversight. Those CPA concerns might just as well have been some 700,000 mosquitoes.<br />&nbsp;<br />One of Gillian's first orders of business will be to lead a new investor advisory council and explore practical ways to empower shareholders in corporate governance issues. <br />&nbsp;<br />Choosing corporate directors and limiti!
 ng executive pay would be the natural by-product of these efforts. </font></div>
<div style="color:#000000;font-family:Verdana,Geneva,Arial,Helvetica,sans-serif;font-size:10pt;" align="justify"><font color="#000000" size="2" face="Verdana,Geneva,Arial,Helvetica,sans-serif" style="color:#000000;font-family:Verdana,Geneva,Arial,Helvetica,sans-serif;font-size:10pt;"><br />Whatever most other industrialized countries have adopted should be good starting point.<br />&nbsp;<br />We don't have to reinvent the wheel. <br />&nbsp;<br />Speaking of wheels, when Chrysler was purchased by Mercedes-Benz a few years back, the first thing Mercedes told Chrysler's top management was that the gravy train was ending. <br />&nbsp;<br />They would not be paid more than Germany's top management wage scale. Chrysler may have since fallen on hard times since then, but at least during its Mercedes era, we didn't have grotesque management compensation adding insult to injury. <br />&nbsp;<br />While Congress is currently pondering the thought of doing away with the SEC altogethe!
 r, that would be throwing the baby out with the bathwater. Meanwhile, Arthur Levitt would be great to have back on board. <br />&nbsp;<br />The former and longest-serving SEC chairman wrote the book "Take on the Street" a few years ago. The subtitle was, "What Wall Street and Corporate America Don't Want You to Know - What You Can Do To fight Back." <br />&nbsp;<br />Arthur Levitt's book illustrates the extent to which the SEC is heavily politicized. <br />&nbsp;<br />After all, the agency exists at the will of Congress, so it can't be immune to political pressure. <br />&nbsp;<br />Until the wheels totally fell off during the most recent regime, it was one of the most bipartisan departments - well-insulated from the graft and corruption that politics can introduce. <br />&nbsp;<br />Hopefully, there are signs that this independence will become the norm once again. Shapiro's other choices for top administrators include the irrepressible Harvey Pitt who was fired a few years!
  back for, among other things, trying to make the SEC chairmanship a cabinet level post, but he is reputed to be extremely knowledgeable and tenacious. <br />&nbsp;<br />Now that he has the right handlers, we can expect more from him. <br />&nbsp;<br />When we look back on this "downdraft" a few years from now, I think we'll conclude that it was one of the best things that could have happened to us. Corporate governance and responsible management have become an increasing right to us stockholders with every pay period's 401(k) deposit.<br />&nbsp;<br />Until this crisis, we were heading for a world with no regulation and no opportunity to even initiate lawsuits against companies that were ripping us off. This time, we have finally driven a spike through the heart of what C. Wright Mills called "The Power Elite" in his '50s era book on the limitless control of modern corporate management. This experience is costing us all something, no question, but we have to remember, "No pain; No gain." <br /><br /><br /></font></div></font></td></tr></table>
      
	</td>
</tr>
<tr>
	<td valign="top" width="100%" rowspan="1" colspan="1" align="left">
	
	
    
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  <td height="10" valign="top" width="100%" rowspan="1" colspan="3" align="left">
      
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<div align="center" style="background-color:#ffffff;">
<table border="0" cellpadding="0" cellspacing="0">
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