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Politics : Formerly About Applied Materials
AMAT 258.88-0.4%2:13 PM EST
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To: michael97123 who wrote (65529)8/30/2002 6:48:19 PM
From: Cary Salsberg  Read Replies (1) of 70976
 
OT

RE: "Were you in favor of the Gulf War after Iraq invaded Kuwait."

I was not in favor. I only hoped that we could win with minimal US casualties.

In places like Iraq, there are two considerations. What is in the best interest of the US? What is the just thing to do? The Gulf War was about the former, and in that region the calculations are very far from obvious. Through a series of "best interest" calculations, we supported Iraq against Iran and opposed it in Kuwait. Israel makes the region very difficult. The "best interest" calculations always favor "oil" except during the "Cold War" when "anti-soviet" trumped oil. The Soviet Union is gone, but Israel has a nuclear capability. The US hates that and will attack Iraq to prevent it from getting it. Why shouldn't Iraq have nuclear weapons? Because they used gas on the Iranians and Kurds. That is obviously much worse than our actual use of nuclear weapons, under a "best interest" rather than a "just" determination.

Tech will lead the market when fears of a double dip disappear and prices reflect fair valuations. FLEX is a better proxy for the general tech economy than SUNW and NVLS. SUNW has company and market related problems, while NVLS has the lumpiness of a cap eq supplier. All the reports reflect a very slowly growing tech economy.
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