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To: long-gone who wrote (66914)4/3/2001 10:44:37 AM
From: Rarebird  Respond to of 116759
 
Where's the Economic Turnaround?

U.S. Feb factory orders down 0.4 pct vs revised 4.3 fall in Jan

Tuesday, April 03, 2001 10:08 AM EDT

WASHINGTON, Apr 03, 2001 (AFX-Asia via COMTEX) -- Factory orders for
manufactured goods fell 0.4 pct in February, the Commerce Department said.

The report was weaker than expected. The consensus forecast of Wall Street
analysts was for orders to rise 0.1 pct in February.

Factory orders are now at their lowest level since Oct 1999.

Factory orders fell a revised 4.3 pct in January, weaker than the initial
estimate of a 3.8 pct fall.

Year-on-year, factory orders were down 4.4 pct.

Orders for durable goods fell a revised 0.4 pct in February, down from the
original estimate of a 0.2 pct fall published last week.

Orders for non-durable goods fell 0.3 pct after falling 0.5 pct in January.

Manufacturing inventories rose 0.1 pct after a 0.5 pct rise the month before.

Durable goods inventories fell 0.1 pct in February, their first drop since last
March.

Unfilled orders, an indication of how busy factories will be in future months,
declined 0.3 pct after a 0.3 pct fall in January.


Factory shipments fell 0.5 pct in February after falling 1.6 pct the previous
month.

The inventories-to-shipments ratio was 1.36, up from 1.35 in February. This is
the highest ratio since Jan 1999.

Copyright 2001. AFX News Ltd. All rights reserved.

News provided by COMTEX

comtexnews.com



To: long-gone who wrote (66914)4/3/2001 10:46:33 AM
From: lorne  Read Replies (2) | Respond to of 116759
 
Long-gone. Or anyone care to explain something to me.
In the last day or so some one posted the amount of wealth
that has been wiped off the books since this market drop began it was in the trillions and trillions of dollars.
Question-- in what way do these losses affect the new supply of dollars being added to world money supply?
Thanks
Lorne



To: long-gone who wrote (66914)4/3/2001 12:46:38 PM
From: Rarebird  Read Replies (1) | Respond to of 116759
 
China may have removed equipment from spy plane

Tuesday, April 03, 2001 11:31 AM EDT

WASHINGTON, Apr 03, 2001 (United Press International via COMTEX) -- Chinese
officials have taken equipment off the U.S. Navy spy plane that made an
emergency landing at a Chinese base March 31 after a collision with a Chinese
fighter jet, U.S. media are reporting, citing Pentagon sources.

The EP-3 is an electronic signals surveillance aircraft and is loaded with
sophisticated equipment used to collect intelligence on an adversary's weapons,
command and control capabilities and operations.

The United States claims that the aircraft, because it made an emergency
landing, should be considered sovereign territory like a U.S. embassy, and
therefore should be off limits to the Chinese.

"The airplane itself, military aircraft of all countries in situations like
this, have sovereign immunity. That is, no other country can go aboard them or
keep them," said U.S. Pacific Command chief Adm. Dennis Blair said Sunday in a
press conference.

However, the Navy presumes Chinese boarded the plane shortly after it landed on
a military base on Hainan Island. The last radio message from the crew said it
was being ordered to shut down its operation.

In the event of just such a landing, the crew was trained to destroy classified
paperwork and wipe clean computer memories, and may have even physically
destroyed some of the equipment.

"If I were them I would have been pitching stuff out the back," said a U.S.
intelligence official.

The Chinese military is well-known for its ability to reverse engineer
sophisticated equipment -- that is, deconstruct a finished product to discern
how it works, its capabilities and recreate it for their own use, the official
said.

By PAMELA HESS

Copyright 2001 by United Press International.

News provided by COMTEX

comtexnews.com



To: long-gone who wrote (66914)4/3/2001 3:31:43 PM
From: Rarebird  Respond to of 116759
 
Israel helicopters attack Force 17

Tuesday, April 03, 2001 01:39 PM EDT

GAZA, Apr 03, 2001 (United Press International via COMTEX) -- Israeli soldiers
launched an attack Tuesday night on several Gaza Strip bases of Force 17, the
Palestinians who guard Yasser Arafat. The attacks were apparently in retaliation
for a Palestinian mortar attack in which an Israeli baby and two others were
hurt.

Copyright 2001 by United Press International.

News provided by COMTEX

comtexnews.com