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Politics : Foreign Affairs Discussion Group

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To: Karen Lawrence who wrote (45009)9/18/2002 1:59:39 AM
From: Karen Lawrence  Read Replies (1) of 281500
 
Bushman Lindsay says war will be good for business but Wall Street says no war is better:
from Time Magazine:
Saddam Buoys the Markets
Iraq's offer to accept weapons inspectors back may have been dismissed as meaningless by the White House, but the markets have welcomed Saddam's move. Foreign markets and the Dow futures indicate that Wall Street is set for a stellar day, while oil prices fell sharply on the prospect of avoiding war with Iraq. Seems like the markets may not be entirely in agreement with White House economic adviser Lawrence Lindsey, who said in comments reported Monday that even though a war may cost the U.S. up to $200 billion, it would be good for business.
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