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To: engineer who wrote (67931)	2/25/2000 1:11:00 PM
From: marginmike	Read Replies (1) \| Respond to of 152472

Hey put your money where your mouth is. I pulled all my accounts with Chase(they own H&Q) and transfered them to Paine Webber and Solomon smith B. I have millions at stake, and if they allow their analysts to bash my positions(when it is motive driven) I will remove my money. As with Margin Requirements I would do the same, if they are bashing you take it elsewhere. Vote with your feet, I think DATEK is 50% and if you want a more service oriented place try JB Oxford or Brown and co.

To: engineer who wrote (67931)	2/25/2000 7:26:00 PM
From: Ruffian	Respond to of 152472

Clinton says no excuse to hold up China pact (Adds U.S. talks on China's accession. para 7) WASHINGTON, Feb 25 (Reuters) - President Bill Clinton urged U.S. lawmakers on Friday not to overreact to China's latest threat to invade Taiwan, saying it was no excuse for holding up a breakthrough trade agreement with Beijing. ''You have to see it in the context of the electoral politics playing out in Taiwan and not necessarily assume that some destruction, some destructive action will follow,'' Clinton told reporters. ''It would be a terrible mistake ... to use this as an excuse to isolate China,'' he added. Chinese saber-rattling ahead of Taiwan's March presidential vote and the release on Friday of a State Department report citing Chinese human rights abuses could hardly have come at a worse time for the Clinton administration, as it struggles to round up congressional votes for a trade pact to open Chinese markets, from agriculture to telecommunications. The administration was dealt yet another blow when trade talks between China and the European Union stalled. U.S. congressional leaders have insisted on waiting for an EU agreement before scheduling a vote on Clinton's pact. Worried those talks will drag on, the White House appealed to lawmakers on Friday to reconsider. ''There is no reason in the world why we can't have a vote here,'' said spokesman Joe Lockhart. The White House is already working with other WTO member-states on ''protocol'' rules for China's accession, hoping to speed the process once negotiations with the EU and others are completed. Experts from the office of the U.S. Trade Representative would go to Geneva for talks as soon as a WTO working party on China's accession reconvenes, sources said. In exchange for China's commitment to open its markets, the White House said the Republican-controlled Congress must grant China permanent normal trade relations (NTR) -- a status Beijing now is granted annually. Permanent NTR would guarantee Chinese goods the same low-tariff access to U.S. markets as products from nearly every other nation. The agreement is a crucial step for China to join the Geneva-based World Trade Organization (WTO), which sets global trading rules. Earlier this week, Senate leaders warned the White House that support for the pact was slipping. Lawmakers in the House of Representatives were even more divided. Nevertheless, the White House said it remained confident it would pick up enough support. ''I believe that if we do not do this that our country will be regretting this five, 10, 15, 20 years from now, we will be shaking our heads, saying, 'What in the world got ahold of our judgment in the year 2000?''' Clinton said. TAIWAN, HUMAN RIGHTS But the president conceded it will be ''harder'' to convince lawmakers to support the pact after China, whose 2.5 million-strong People's Liberation Army is the world's largest, gave Taiwan an ultimatum on Monday to begin talks on reunification or face attack. The pronouncement outraged many U.S. lawmakers, staunch supporters of Taiwan. The White House also expressed its ''grave concern,'' but sought to play down the threat to Taipei as a bid by Beijing to influence voters in Taiwan's election. ''I think you have to see those statements in terms of, in the context of the election in Taiwan for the presidency. I think that's what's going on here,'' Clinton said. But lawmakers said the administration's trade agreement with China was increasingly untenable. Many in Congress want Clinton to boost U.S. military ties with Taiwan. Others have demanded that China improve human rights before joining the WTO. A State Department report released on Friday said China's human rights record deteriorated in 1999 as authorities hit at the China Democracy Party, the Falun Gong spiritual movement, the media and unregistered churches. ''Year after year, report after report shows that China has no intention of abiding by the most basic rules of the international community,'' AFL-CIO labor federation President John Sweeney said in a statement. To protest the U.S.-China trade agreement, Sweeney and other labor leaders said on Friday they resigned from a White House panel that advises Clinton on trade policy. Despite mounting opposition, White House officials said they were confident the trade agreement would win congressional support if a vote is scheduled early enough. Clinton wants Congress to vote on the pact by June, as any further delay could bog it down in election politics. ''Look, this is an economic no-brainer,'' Clinton said, citing China's commitment to slash tariffs and other trade barriers. ''The real issue is, from a point of view of national security, do you want them in the international system as responsible players, or do you want to say, 'We don't want you in the international system until you're governed exactly the way we think you should be,''' Clinton said. ''Now, based on all your knowledge of human nature, which do you think is more likely to produce constructive partnerships and constructive conduct on the part of the Chinese?''