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To: Charles Tutt who wrote (169989)	6/28/2002 4:10:26 AM
From: stockman_scott	Respond to of 176388

Our credibility is being damaged overseas... U.S. Businesses Dim as Models for Foreigners By EDMUND L. ANDREWS The New York Times <<...FRANKFURT, June 26 — It was not just WorldCom that took a beating today. It was also the United States itself, and the American gospel of how business should be done. After years of pumping billions of dollars into the United States because it seemed the land of opportunity, foreign investors are pulling back. And people around the world who for decades have looked to the United States as the model for openness and accountability in business have been sorely disillusioned by the mounting waves of scandal. "This is the most pessimistic sentiment against the United States that I have ever experienced in my career," said Wolfram Gerdes, chief investment officer for global equities at Dresdner Investment Trust in Frankfurt. "There is unanimous agreement that the U.S. is not the best place to invest anymore."...>> link to whole article... nytimes.com