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To: Hawkmoon who wrote (49699)	2/27/2000 4:13:00 PM
From: goldsnow	Read Replies (1) \| Respond to of 116764

Oil went to $10 because there was chaos amongst OPEC members and everyone was trying to cut into each other's markets and produce more.>> Ron, that is what they want you to believe in....OPEC, overproduction..Never mind that $10, coincided with the worst depression in Asia (fastest growing region on the planet, that if taken China, India into account would dfarf US) You are hearing WTO arguments about how China would soon be #1 market for Telecommunications, Chips..and on.. Ron, do yourself a favor, mining, Oil Service shares are your only remaining ticket to the stardom...<g> Regional Banks too..(Just make sure "Regions" are located outside of US..<gg>

To: Hawkmoon who wrote (49699)	2/27/2000 4:45:00 PM
From: long-gone	Read Replies (1) \| Respond to of 116764

I say again, A government out of control?: (what ever happened to states rights?) U.S. Government Tells Massachusetts It Must Trade With Burma This is the worst. In the 1800s, "free trade" meant freedom to trade. In the 1990s, it meant "special privileged trade deals." Now in the year 2000 "free trade" has come to mean "you are forced to trade even if you don't want to." The below analysis is important. You should have the right not to deal with a dictator, but the Clinton administration is denying that. In a major boost for the forces of economic globalisation, US President Bill Clinton has decided to back multinational corporations in a key court challenge to a Massachusetts law designed to promote democracy in Burma. In a brief quietly filed with the Supreme Court, Clinton's Justice Department charged that cities and states which make it more difficult for companies doing business in repressive countries to win procurement contracts "impermissibly intrude into the national government's exclusive authority over foreign affairs." Joining a coalition of some 600 major multinational corporations, the European Union (EU) and Japan, the administration asked the Supreme Court, which will hear oral arguments on the case March 22, to declare the Massachusetts law unconstitutional. A final judgment by the nine-member court is expected in June. Huge Number of State and Local Laws at Stake The case has major implications for grassroots human rights and other US activist groups, which over the past 25 years have used state and local "selective-purchasing" laws to influence the behaviour of multi-national corporations (cont) progress.org

To: Hawkmoon who wrote (49699)	2/27/2000 7:45:00 PM
From: goldsnow	Read Replies (1) \| Respond to of 116764

The collapse in old-economy stock prices may ultimately impact on new-economy stocks, according to noted bear and editor of Barron's magazine, Mr Alan Abelson. "The word is beginning to trickle out that even though interest rates don't count for new-economy companies, rising rates do hurt old-economy companies, and, rumour has it, old-economy companies and their employees are the main source of business for new-economy companies, including those who ply or supply the internet," he said. Concerns of higher interest rates are exacerbating the bear market in traditional cyclical stocks. "Barring a US equity market setback, the Fed will raise rates by another 50 to 75 basis points in coming months to slow growth," said Mr Kim Scheoenholtz, chief economist at Salomon Smith Barney. The rises, before June, should achieve a soft landing rather than an abrupt setback, he said. `However, the stronger economic momentum and asset markets remained, "the greater the risk of a more disruptive slowdown down the road as interest rates rise". afr.com.au