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Strategies & Market Trends : Waiting for the big Kahuna

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To: John Gault who wrote (34999)	12/6/1998 10:36:00 PM
From: John Gault	Read Replies (2) of 94695

N. Korea is stepping up the rhetoric. dailynews.yahoo.com Sunday December 6 12:55 AM ET Nuclear Pact With N. Korea Threatened - Paper NEW YORK (Reuters) - Senior Clinton administration officials are threatening to end a historic 1994 nuclear pact with North Korea if that country does not allow inspections of a suspicious underground construction site, the New York Times reported in its Sunday editions. In the 1994 pact, known as the Agreed Framework, North Korea promised to freeze its nuclear weapons program in exchange for billions of dollars of energy assistance, including two nuclear reactors. North Korean officials described the threat to end the agreement as nearly an act of war, the Times said. ''The U.S. imperialists are driving the situation to the brink of war,'' a North Korean army spokesman said, according to the Times. The newspaper said intelligence information on the site was ''very convincing'' and U.S. officials planned to tell the North Koreans at negotiations later this month the 1994 deal would collapse unless they were given access to inspect the site. A senior State Department official told the Times that the site could be used to renew North Korea's nuclear program. U.S. officials also saw evidence that North Korea is preparing to test-fire a medium-range ballistic missile over Japan. But the officials have denied Japanese reports that the North Koreans are only days away from such a launch. -------------------------------------------------------------------------------- --------------------------------------------------------------------------------

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