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Gold/Mining/Energy : Lundin Oil (LOILY, LOILB Sweden) -- Ignore unavailable to you. Want to Upgrade?

To: Tomas who wrote (2004)	2/2/2001 12:01:07 AM
From: Tomas	Read Replies (1) \| Respond to of 2742

Colin Powell wants time out on sanctions By George Gedda WASHINGTON (AP) January 31 -- Economic sanctions have been seen for years as a useful tool for dealing with wayward nations, sort of a halfway point between doing nothing and sending in the Marines. Sanctions have been losing their cachet of late, with business interests complaining that sanctions seldom work and cost American business exports worth billions of dollars. The anti-sanctions movement now has a formidable ally: Secretary of State Colin Powell. The Clinton administration questioned the utility of sanctions but not to the degree that Powell did when he testified before the Senate Foreign Relations Committee two weeks ago. He practically pleaded with senators to knock it off. "I would encourage the Congress to stop for a while. I mean stop, look and listen before you impose a sanction," he said. "I mean, they just keep coming, and I think I've seen about half a dozen new ones ... in the last couple of weeks. "I would encourage self-discipline on the part of the Congress; that when you're mad about something, or when there is a particular constituent interest, please stop, count to 10, call me, let me come up, let's talk about it before you slap another bureaucratic process on me." He said he plans a review of all current sanctions to determine whether they should be removed.