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To: IngotWeTrust who wrote (66401)3/22/2001 9:55:24 AM
From: lorne  Respond to of 116922
 
Hi gold-tutor. If past history on this thread means anything this should generate a fair bit of chat. :o)
>>>" Damn bureaucrats anyhow...
Anybody got Charleton Heston's phone number OR HiS EMAIL ADDRESS?
....where's the NRA when y'need'em??? "<<<

take care
Lorne



To: IngotWeTrust who wrote (66401)3/22/2001 10:25:35 AM
From: long-gone  Respond to of 116922
 
OT(?)
NRA contact form
nrahq.org
Charlton Heston
2859 Coldwater Canyon Dr.
Beverly Hills, CA 90210
oerhaps you could contact Mr. Heston through his production company - Agamemnon Films
Telephone
323-960-4066
FAX
323-960-4067
Postal address
650 N. Bronson, suite B-225
Los Angeles, CA. 90004
agamemnon.com
markmcintire@home.com



To: IngotWeTrust who wrote (66401)3/22/2001 10:37:56 AM
From: long-gone  Read Replies (2) | Respond to of 116922
 
Newmont Mining applauds halt to Clinton environmental regs
NEW YORK, March 21 (Reuters) - Chalking up a victory for beleaguered U.S. metal producers, leading North American gold producer Newmont Mining Corp. (NYSE:NEM) on Wednesday cheered the proposed suspension of tougher environmental regulations for hard rock mining imposed during the final days of the Clinton presidency.

Stoking anger at the Bush administration by environmental activists and Democrats, the Bureau of Land Management said Wednesday it would publish a proposal Friday to suspend recently adopted 3809 surface mining regulations that were the first broad attempt to revise a law on mining federal lands in place since 1878.

"We're pleased that BLM has decided to take another look at these," Newmont spokesman Doug Hock told Reuters. "We feel that the regulations that were being imposed put a significant and unnecessary regulatory burden on Newmont and other hard rock miners."

Hard rock mining refers to mining for gold, silver, copper, lead, zinc, uranium and molybdenum but excludes coal and oil.

Newmont, North America's largest gold miner and number two world-wide, said it had sued to stop enforcement of the new rules, which would have made it more difficult to undertake new projects.

"We have the most extensive operations of any company on BLM lands and we've always complied with the state and Federal regs, including 3809, but felt that these were rules that were unnecessarily burdensome and unnecessary," Hock said.

The Clinton regulations included steps to force more hard rock miners in the West to post financial bonds guaranteeing they would clean up water and other environmental damage.

The announcement by the BLM, an agency of the Interior Department, came one day after the Environmental Protection Agency said it would rescind Clinton-era rules to remove arsenic from drinking water that also rankled the mining industry.

In addition to filing its lawsuit, Newmont said it had worked closely with Western governors -- specifically the governor of Nevada, where it has most its major operations -- to have the regulations overturned.

siliconinvestor.com



To: IngotWeTrust who wrote (66401)3/22/2001 12:39:23 PM
From: Alex  Respond to of 116922
 
Editorial comment: Dollar puzzle
Published: March 21 2001 19:43GMT | Last Updated: March 22 2001 04:02GMT


The recent performance of the dollar against the euro is, to put it mildly, puzzling. The US economy is flirting with recession and US interest rates are down 1.5 percentage points. So why has the dollar been so strong? Since the start of the year, the euro's value has fallen back below $0.90 from $0.95: the dollar is at a 15-year high on a trade-weighted basis.

Well-rehearsed reasons for past dollar strength against the euro no longer apply. First, relatively poor economic growth in Europe can no longer be blamed. Published growth rates and economic forecasts have fallen by more in the US than in the euro-zone. Second, US interest rates have declined relative to those in the euro-zone, both at the short and long end.

Foreign exchange markets find daily excuses to push the euro lower against the dollar. On Wednesday, a weak German IFO index was the culprit: the business climate index for western Germany fell to its lowest level for 18 months. But these explanations do not stand up to inspection.

For example, German business confidence may be falling but that does not imply a German, let alone a European recession. Germany represents only a third of euro-zone output and the IFO index is a poor indicator. Since 1961 it has fallen by a similar or greater amount 11 times, more than twice as often as output has fallen.

Various other explanations for the dollar's strength have been doing the rounds. Perhaps the currency markets expect a short US downturn, and are already looking towards the green fields beyond. Maybe US and Japanese investors have been selling their European equities first. Perhaps investors still see the US as a safe haven in turbulent times. Theoretically, the currency markets might expect large US tax cuts to push up real interest rates as they did in the early Reagan years. None of these explanations holds water, particularly as they are not consistent with moves in other financial markets.

For Europe, a weak currency is not much of a concern. It helps exports and should not seriously affect thinking at the European Central Bank. For America, a strong dollar is more problematic. It means the US will find it harder to mitigate its downturn through higher exports. But policymakers cannot call for a gradual dollar decline for fear that things might get out of hand.

So the strength of the dollar seems to defy explanation. But so - until recently - did the enduring strength of equity markets. There must be a chance that soon, with some trigger, the dollar will fall from grace.



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