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To: Hawkmoon who wrote (51946)	4/26/2000 11:09:00 AM
From: Zardoz	Read Replies (2) \| Respond to of 116760

And the key is not the ECB, but the willingness of certain strong vibrant european economies being tied to their weakened brethren (eg: Ireland). The whole issue threatens the very basis for the EEC/EMU and could provoke VERY REACTIONARY AND AGGRESSIVE measures to prevent such a breakup. HSSE The Homer Simpson School of Economics: To succeed by failure. Who'd had thought that way back on this thread when the Euro was coming out that so many here had painted the end of the US bux. And yet few, such as myself, pointed out that the Euro was a flawed currency. Hutch Hey Ron, what happened to gold today? ECB selling for Euro's support?

To: Hawkmoon who wrote (51946)	4/26/2000 1:19:00 PM
From: LLCF	Read Replies (1) \| Respond to of 116760

<The key here is that as the public, both here and abroad, face up to the fact that Europe (and Asia) will be hamstrung to a far greater extent than the US by its pension obligations, it provides further rationale for avoiding investing in those economies to the detriment of the US. Certainly not until they get their act together and make the hard decisions (which may very well be politically infeasible as the population grows ever closer to retirement).> From a dollar vs Euro point of view I agree that this outcome [ie. cut pensions or no] is important... but from an equity investment standpoint I will say that absolutely investment bankers have taken the political and financial considerations of Europe into consideration for decades... their problems [all their financial and political] are well known in banking circles. I will reiterate that there is great excitement in banking circles about the fiscal reform taking place [especially in Germany] in Europe. Conversely, in this country one can easily argue that the best of all possible worlds is already priced in [free labor with no pension expense and dead unions] and therefore the only surprises will be negative. DAK

To: Hawkmoon who wrote (51946)	4/26/2000 1:34:00 PM
From: long-gone	Read Replies (2) \| Respond to of 116760

OT(or is it?) Will Gore?s Slips Sink U.S. Ships? -------------------------------------------------------------------------------- By J. Michael Waller waller@insightmag.com -------------------------------------------------------------------------------- Al Gore?s weak nonproliferation policy toward Russia ? camouflaged with hype and untruths ? has allowed China to buy Russian missiles made to sink U.S. aircraft carriers. "There?s nothing that we can see that contravenes international law or our own law." That was the State Department?s response in January 1997 to a report that Russia would sell to China nuclear-capable SS-N-22 ?Sunburn? supersonic cruise missiles, designed to sink U.S. aircraft carriers and against which the U.S. Navy has no defense. Three years later, in March 2000, the daily paper of the People?s Liberation Army, or PLA, trumpeted that the recent shipment of missiles as part of a larger Russian arms package advanced China?s ability to ?attack U.S. aircraft carriers.? Now, with the sale to the Chinese navy and air force of more than 50 such missiles and the promise of dozens more, the U.S. Navy faces prospects of losing its aircraft carriers for the first time since World War II. The first carriers on the line, say Senate sources, could be the USS Kitty Hawk and the USS John C. Stennis. Russian missile proliferation to China and the Clinton administration?s acquiescence to it are a far cry from the optimistic days when Vice President Al Gore pushed programs to direct U.S. tax and investment dollars into the Russian military industry with the hope that old Soviet factories would churn out consumer goods instead of missiles. The administration?s defense-conversion program, that tied up precious resources in the early and mid-1990s which Congress had intended to be used to dismantle Russian nuclear-weapons production, quietly was swept aside after meeting no significant success. In 1997, First Deputy Prime Minister Boris Nemtsov noted ?the extreme lack of effectiveness of these programs.? Insight has learned that the Raduga Machine-Building Design Bureau near Moscow, one of Gore?s early candidates for U.S. aid and investment, produces the Sunburn missile. (cont) insightmag.com