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Politics : PRESIDENT GEORGE W. BUSH -- Ignore unavailable to you. Want to Upgrade?

To: Neocon who wrote (121335)	1/8/2001 5:27:38 PM
From: Thomas A Watson	Read Replies (2) \| Respond to of 769667

Today in the news. investors.com Denying a swirl of speculation, Bank of America said it’s suffered no significant losses in derivatives or other trading and remains comfortable with its 2001 credit quality outlook. Troubled California utilities had drawn down a line of credit, rumors said. The bank said it wouldn’t comment on customer relationships. Its stock was halted from trading part of Friday morning. Its shares closed down 3 3/4, or 7%, to 47 3/4. BofA warned last month it would miss fourth-quarter views by a wide margin due in large part to $1.2 billion in bad loans. Calif. Utilities Seek Bailout; Clinton Plans D.C. Summit Pacific Gas & Electric and Southern California Edison quietly pushed the state Legislature to OK a bond sale so they could recoup billions in losses. The bonds would be repaid by a long-term surcharge on electric bills. Southern California Edison will slash 1,450 jobs as part of a $465 million cost-cutting plan. California’s treasurer proposed $10 billion in bonds for new power plants. President Clinton set a Tuesday meeting of utilities and state and federal officials. Bush Pledges Rule Review As Clinton Locks Up Land A spokesman said President-elect George Bush will review "each and every" last-minute executive order by President Clinton. "He’s been a busy beaver," Bush transition spokesman Ari Fleischer said of Clinton’s flurry of executive orders. Clinton’s latest move, with less than two weeks left in his term, was an order banning logging and drilling in tens of millions of acres of federal forests. Earlier, he changed the license plates of his government limousine to support voting rights for the District of Columbia. tom watson tosiwmee