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To: long-gone who wrote (59218)10/1/2000 11:09:46 PM
From: Rarebird  Respond to of 116958
 
U.S. and EU postpone trade showdown

Saturday, September 30, 2000 11:58 PM EDT

WASHINGTON, Sept. 30 (UPI) -- With the deadline for the start of a multi
billion dollar trade war only hours away, the United States and the European
Union Saturday agreed to postpone the showdown.

The two sides gave themselves until Nov. 1 to resolve a disagreement over a U.S.
trade subsidy delivered through Foreign Sales Corporations ruled illegal by the
WTO.

Had the agreement, negotiated by the U.S. Trade Representative office and the
European Union, not been forthcoming by the midnight deadline, the EU could have
published a list of U.S. products worth $4 billion a year subject to penalty
tariffs without returning the case to the World Trade Organization.

Without addressing the merits of either side's arguments, the United States and
the EU agreed to postpone the showdown for a month, to allow the U.S. Congress
to alter the disputed subsidy program and for the EU to ask for a WTO review.

In a statement distributed by the U.S. Trade Representative's office Saturday,
the U.S. said that both sides "demonstrated a commitment to avoid escalating
trans-Atlantic trade tensions."

The dispute may not fade for long, however, since the EU has already objected to
the changes made in the trade program in legislation moving through the U.S.
Congress, the second U.S. attempt this year to meet WTO criteria.

The fact that the U.S. is already imposing nearly $200 million worth of
sanctions against the EU in a separate dispute involving banana trade also is
indirectly raising the intensity of the dispute over Foreign Sales Corporations.
The United States has administered about $4 billion in subsidies over the past
decade and a half through the program, and some EU based companies have objected
strenuously.

The United States lost its bid to keep the program without change when a WTO
panel called the FSC practices impermissible.

The U.S. House has passed its version of FSC changes, but it does not agree with
the version about to be voted on by the U.S. Senate. The legislation would
actually increase the amount spent on the subsidy, but allow EU based companies
to participate.

(c) 2000 UPI All rights reserved.

-0-

Copyright 2000 by United Press International.



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To: long-gone who wrote (59218)10/1/2000 11:12:30 PM
From: Rarebird  Read Replies (1) | Respond to of 116958
 
*OT* Here's some good old-fashioned Religion for you:

CATHOLIC PRIEST ATTACKS ABORTION CLINIC IN ILLINOIS

Sunday, October 01, 2000 11:35 AM EDT

Washington, Sep 30, 2000 (EFE via COMTEX) -- A Catholic priest crashed his car
into an Illinois abortion clinic Saturday before entering the clinic wielding an
ax, according to police.

The incident occurred Saturday morning at a clinic in Rockford, Illinois, when
John Earl, a 32-year-old Catholic priest, crashed his car into the building and
went on a rampage, destroying everything in his path with an ax.

Earl only stopped when the clinic owner fired several shots into the air from a
revolver, according to police.

The priest has been arrested and charged with theft and property damage. A
10,000-dollar bail has been set.

The attack at the Rockford clinic occurred two days after the Food and Drug
Administration (FDA) approved use of the "morning after" abortion pill, RU-486.
EFE

EMM/eaf/vc

efe.es

Copyright (c) 2000. Agencia EFE S.A.

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