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To: Jim Willie CB who wrote (42064)9/18/2001 2:47:57 PM
From: stockman_scott  Respond to of 65232
 
Blair and Chirac Heading to U.S. for Show of Unity

Tuesday September 18 08:57 AM EDT

By JANE PERLEZ The New York Times

WASHINGTON, As some European allies began to express caution about the administration's plans for military action, the leaders of France and Britain were preparing to arrive here this week to show solidarity and discuss with President Bush their contributions to a coalition against terrorism.

In an unusual move, the European Union called a special summit meeting for the end of the week to work on ways of pooling resources to combat terrorists.

With France's president, Jacques Chirac, planning to arrive on Tuesday and Britain's prime minister, Tony Blair, hastily arranging a visit for Thursday, the administration has already defined the different kinds of support, from rhetorical to military, that it needs from members of the coalition it is trying to build.

Senior officials said that one country they expected to contribute troops was Britain, the United States' strongest ally and a country that lost an estimated 300 citizens in last Tuesday's attacks. The administration has also not ruled out participation by troops from other European allies. The administration has also plainly stated, though not stressed, that the United States reserves the right to act unilaterally despite the expressions of support.

Secretary of State Colin L. Powell said last week that even with the strong support from NATO and the European Union, the administration would not feel constrained in its military decision.

The 19-member NATO alliance has said it will regard the attack on the United States as an attack on all the allies if the Bush administration determines that the attack was "directed from abroad." While the administration has pointed an accusing finger at Osama bin Laden and his network in Afghanistan, it has not yet made that formal determination.

Mr. Chirac, whose visit was already scheduled, has turned his Washington trip into a two-hour session with President Bush and his senior foreign policy advisers at the White House on Tuesday evening. The French leader has said that if the United States takes military action, "France will be at its side."

But France is at the start of a presidential campaign and despite the outpouring of overwhelming sympathy by the French people it was not clear what troops, if any, France might contribute. The defense minister, Alain Richard, expressed reservations several days ago about what he described as bellicose statements from Washington.

Similarly, the German defense minister, Rudolf Scharping, warned that the United States must be sure of its target before resorting to force.

As reservations began to surface about the administration's emphasis on war, some European officials argued that these were differences over tactics, much like the ones that arose during the cold war, when there were endless squabbles over how to deal with the Soviet Union.

The most unequivocal of the European leaders, Mr. Blair, has acted as a diplomat on behalf of the United States by reaching out to African and Arab nations, and as a spokesman for swift military retaliation.

Mr. Blair, who will visit New York briefly on Thursday to honor the British who died at the World Trade Center, will discuss with Mr. Bush the range of military, intelligence and other assets that Britain might lend to the American-led effort.

As the immediate shock of the terrorist attacks began to wear off, Europe was not the only place where reticence about hasty military action began to surface. In Ottawa today, the Canadian Prime Minister, Jean Chrétien, declared "war on terrorism" but tempered his remarks to Parliament saying that "patience and wisdom are essential."

Among Washington's Arab friends, leaders began to express caution about what the administration's plans. The Egyptian president, Hosni Mubarak, said on CNN's "Larry King Live" that the United States should think twice before taking military action: "I think the world has a proposal of making a coalition for fighting terrorists, but I could tell you very frankly it's too early to think of this."

Elsewhere in the Middle East, expressions of support were often mixed with reservations.

King Abdullah of Jordan, who was to visit President Bush here this week, canceled his trip, in part because a free trade agreement between the United States and Jordan is still stalled in Congress.

Jordan's intelligence services have been among the most helpful to the United States in the last several years, and Jordanian officials said they would give whatever help Washington needed to track down Mr. bin Laden's Qaeda network.

But the leader of the United Arab Emirates, Sheik Zaid bin Sultan al- Nahayan, said today that the coalition could only work if the United States avoided "double standards."

The sheik said the United States and the coalition should stop the "terrorist Israeli actions in the occupied Palestinian territories."

In Israel itself, the administration's attempt to work with Arab countries, in particular neighboring Syria, has caused a small rift with Prime Minister Ariel Sharon. Mr. Sharon is irritated, according to Israeli officials, that the terrorist attack has galvanized the Bush administration's interest in peace talks between Israel and the Palestinians.

The Israeli leader is annoyed that the Bush administration, in order to get Arab support for the nascent coalition, appears to have signaled to Arab nations that it will work hard to persuade Israel to talk to Mr. Arafat.

Brazil Urges Activating Rio Pact

RIO DE JANEIRO, Sept. 17 Brazil has called on the Organization of American States to activate a regional collective security agreement when its members meet in Washington in a special session on Wednesday. In doing so, it disregarded skepticism throughout Latin America about the wisdom of standing up with the United States in responding to last week's terrorist attacks.

The Inter-American Reciprocal Assistance Treaty, better known as the Rio Pact, contains a clause similar to the one that NATO members invoked last week. The Rio Pact's clause states that an attack on any member nation is to be regarded as an attack against the entire Western Hemisphere and obliges signers to come to one another's aid.



To: Jim Willie CB who wrote (42064)9/18/2001 2:51:57 PM
From: Nick  Respond to of 65232
 
Message 16363449



To: Jim Willie CB who wrote (42064)9/18/2001 4:03:31 PM
From: stockman_scott  Respond to of 65232
 
Global Easing Rolls On, Markets Want More

Tuesday September 18, 2:56 pm Eastern Time

By Knut Engelmann

NEW YORK (Reuters) - An unprecedented wave of economic emergency measures helped calm wobbly markets Tuesday as a defiant Wall Street marked the one-week anniversary of terror attacks on the United States with modest gains.

In Washington, the White House, Congress and the Federal Reserve huddled together to consider new measures to stimulate the world's biggest economy, which had already lost much of its steam before last week's attacks.

But the rebound from Monday's biggest ever point loss in the Dow Jones Industrials average was checked by fears that a looming war could shatter already fragile consumer confidence and push the world economy into recession.

Financial markets kept their hopes pinned on economic policymakers to follow up an unprecedented series of interest rate cuts across all major economies with yet more monetary and fiscal stimulus designed to shore up popular sentiment.

Fresh data on the U.S. economy supported those hopes, showing muted price pressures in August and a steep drop in retail sales in the wake of last week's terror attacks that suggested consumer spending has already taken a heavy hit.

The prospect of lower rates helped to support U.S. stock markets on what was only the second day of trading since hijacked jetliners struck U.S. landmarks. European markets recovered some losses on the back of Wall Street's gains.

Meanwhile, a global rate cut campaign rolled on. The Bank of England Tuesday became the final Group of Seven country to slash rates after the Federal Reserve cut borrowing costs by half a percentage point Monday, taking them to their lowest level in 7-1/2 years.

All central banks in the Group of Seven leading industrial countries, and a raft of those outside the elite economic club, have eased monetary policy in the past two days.

But analysts said the global campaign was unlikely to reverse immediately a slide toward a worldwide recession. In Europe, policymakers warned the outlook for their own economies and the rest of the world was clouded by uncertainty. A raft of companies across the world has issued warnings on results in the wake of the attacks on U.S. cities.

ECONOMIC PACKAGE MULLED

U.S. lawmakers considered tens of billions of dollars in new economic stimulus and an emergency bailout for the country's teetering airline industry. U.S. Transport Secretary Norman Mineta said he hoped to have an airline package ready for Congress by early next week.

Congressional leaders have begun work on an economic stimulus package only days after approving $40 billion in emergency spending. President Bush said the administration could ``work with Congress to come up with an economic stimulus package if need be''.

The legislation is expected to include cuts in capital gains taxes and tax breaks for key industries.

U.S. transport officials met with airline executives to discuss the desperate industry's request for $24 billion in emergency aid. The attacks closed commercial aviation for two days, caused the introduction of costly new security measures and left many people too frightened to fly, sending airline revenues plunging.

U.S. airlines have already announced tens of thousands of layoffs and flight cuts. The industry says that absent a federal government bailout, U.S. commercial airlines may start filing for bankruptcy protection within days.

French Finance Minister Laurent Fabius urged his European counterparts to do all they could to reduce interest rates more if the world economy failed to recover from the attacks.

``The economic outlook is markedly less certain and this lack of certainty has been reinforced by the barbarity that recently struck the United States,'' Fabius said in Paris.

There was no word as to when finance ministers and central bankers from the world's top economic powers would meet next after a scheduled Sept. 29-30 meeting in Washington was canceled. That gathering was to take place during the annual meetings of the International Monetary Fund and the World Bank, which were called off because of security concerns.

WORLD CENTRAL BANKS UNITE

Earlier on Tuesday, the Bank of Japan cut its discount rate to 0.10 percent from 0.25 percent and also said it was boosting liquidity into the banking system. The Bank of England cut its key interest rate by a quarter of a percentage point to 4.75 percent at the first emergency meeting the Bank's Monetary Policy Committee has held.

``It is too early to make an informed judgement about the scale of the impact on the UK economy. But the direction of that impact and the associated risks are clear,'' it said.

But the relatively modest cut by the Bank of England disappointed the London stock market and blue-chip shares failed to rise significantly from the day's lows. Elsewhere in Europe, markets also remained under pressure amid fear the U.S. would retaliate against last weeks attacks.

Tuesday's rate cuts followed Monday's half-percentage point cuts in the federal funds and discount rates by the U.S. Federal Reserve. The European Central Bank, the Bank of Canada, the Swiss National Bank and Sweden's Riksbank made similar cuts in their benchmark interest rates.

The head of Australia's central bank ruled out an immediate rate cut, saying he had not seen anything urgent enough to warrant a rate cut between regular board meetings. The next meeting is Oct. 2.

The Philippine central bank kept its key overnight interest rates unchanged, despite earlier suggestions it might cut rates, leaving market players disappointed.

``This is unbelievable. The market is extremely disappointed,'' a bond trader from a foreign bank said.

FED EXPECTED TO CUT FURTHER

Economists expect Monday's Fed rate cut to be followed by further action. That could also herald more cuts on the part of key European central banks.

``With inflation remaining dormant, additional policy prescriptions needed to shore up the economy in the wake of last week's terrorist attacks have just been made easier,'' the head of the U.S. National Association of Manufacturers, Jerry Jasinowski, said.

The fed funds has already been cut eight times this year from 6.50 percent, to 3.0 percent now. It has not been under three percent since the halcyon days of the early 1960s, when high growth and low inflation were an everyday fact of life.

Earlier on Tuesday, The Bank of Japan stepped into currency markets and bought dollars to help prevent a rise in the Japanese yen that could hurt its already reeling economy.

The Japanese won crucial support for their stance from U.S. Treasury Secretary Paul O'Neill, who said Monday the intervention was appropriate for Japan's economy. O'Neill's tacit acceptance stirred speculation the U.S. authorities might set aside their long-standing objections to currency intervention and act to support the dollar should it suffer a disorderly decline.



To: Jim Willie CB who wrote (42064)9/18/2001 5:07:11 PM
From: No Mo Mo  Read Replies (1) | Respond to of 65232
 
"Islam is a very insecure religion, in my view"/

Agreed. Why else would a religious group feel the need to destroy two artistic treasures like the 2000 year old giant Buddhist statues in Afghanistan last year.

I was talking with a friend a few months ago about the suicide bomber that blew up the disco and ~ 19 young people in Tel Aviv. He looked at the ground, shook his head and said, "All I can say to those f*ckers is....'you'd better be right'."

-Darin



To: Jim Willie CB who wrote (42064)9/18/2001 6:21:19 PM
From: BirdDog  Read Replies (1) | Respond to of 65232
 
...string with a tag on it, read "INFIDEL"...

This could easily be explained with what is written saying: God hates "envy that kills". This goes back clear to the story of Kane and Able. It keeps going on. These are crimes devised in the wicked hearts of men. Men who cannot and will not accept God in their hearts. Because their hearts are devoted to destruction, not life. Because they have accepted their god in their hearts, the Destroyer...

God is the Lord of Hosts. The greatest Host this world has ever seen is the USA. Those Moslem madmen can't stand it. They burn with envy...

BirdDog