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Politics : Stockman Scott's Political Debate Porch -- Ignore unavailable to you. Want to Upgrade?


To: Jim Willie CB who wrote (5248)8/27/2002 10:56:36 PM
From: stockman_scott  Respond to of 89467
 
Nortel's 3rd-Quarter Sales to Miss Target, More Job Cuts Planned

Tuesday August 27, 7:40 pm ET

TORONTO -- Nortel Networks Corp. Tuesday night warned its third-quarter revenue won't meet expectations and that it plans to cut costs even further, including the elimination of up to 7,000 more jobs.

The beleaguered telecommunications-equipment maker said the sales shortfall was "primarily due to further reductions in spending by service providers in the United States."

Nortel last month projected third-quarter revenue to be "essentially flat" with the second quarter's $2.77 billion, but is now forecasting a drop of up to 10%.

But despite the revenue warning, President and Chief Executive Frank Dunn said the company is still expecting its bottom line excluding items to improve in the third and fourth quarter because of its ongoing restructuring effort. Nortel had a second-quarter loss excluding items of $323 million, or nine cents a share. The mean estimates of analysts surveyed by Thomson First Call are for a third- quarter loss of six cents a share and a fourth-quarter loss of three cents a share.

biz.yahoo.com



To: Jim Willie CB who wrote (5248)8/28/2002 12:22:14 AM
From: stockman_scott  Respond to of 89467
 
I'm With Dick! Let's Make War!

By MAUREEN DOWD
Columnist
The New York Times
Ausgust 28, 2002

WASHINGTON — I was dubious at first. But now I think Dick Cheney has it right.

Making the case for going to war in the Middle East to veterans on Monday, the vice president said that "our goal would be . . . a government that is democratic and pluralistic, a nation where the human rights of every ethnic and religious group are recognized and protected."

O.K., I'm on board. Let's declare war on Saudi Arabia! Let's do "regime change" in a kingdom that gives medieval a bad name.

By overthrowing the Saudi monarchy, the Cheney-Rummy-Condi-Wolfy-Perle-W. contingent could realize its dream of redrawing the Middle East map.

Once everyone realizes that we're no longer being hypocrites, coddling a corrupt, repressive dictatorship that sponsors terrorism even as we plot to crush a corrupt, repressive dictatorship that sponsors terrorism, it will transform our relationship with the Arab world.

We won't need Charlotte Beers at the State Department, thinking up Madison Avenue slogans to make the Arab avenue love us. ("Democracy! Mm-mm, good.")

If America is going to have a policy of justified pre-emption, in Henry Kissinger's clinical phrase, why not start by chasing out those sorry Saudi royals? If we're willing to knock over Saddam for gassing the Kurds, we should be willing to knock over the Saudis for letting the state-supported religious police burn 15 girls to death last March in a Mecca school, forcing them back inside a fiery building because they tried to flee without their scarves. And shouldn't we pre-empt them before they teach more boys to hate American infidels and before they can stunt the lives of more women?

The vice president declared on Monday, "This nation will not live at the mercy of terrorists or terror regimes." I am absolutely with him.

Why should we (and our S.U.V.'s) be at the mercy of this family that we arm and protect and go to war for? The Saudis have never formally apologized to America for the 15 Saudi citizens who came here and killed 3,000 Americans as they went to work one sun-dappled September morning. They have never even tried to rewrite their incendiary terrorist-breeding textbooks or stop their newspapers from spewing anti-American, anti-Semitic lies, like their stories accusing Jews of drinking children's blood. They brazenly held a telethon, with King Fahd and Crown Prince Abdullah giving millions, to raise money for families of Palestinian suicide bombers, or "martyrs." Last week the Saudi embassy here put out a glossy brochure hailing their "humanitarian work" at the telethon.

It was embarrassing yesterday, given President Bush's swagger on Iraq, to watch him fawn over the Saudis. At lunch at his ranch he entertained Prince Bandar, the man who got private planes to spirit Osama bin Laden's relatives out of the U.S. after the attacks. Mr. Bush also called Crown Prince Abdullah yesterday to assure him of the "eternal friendship" between their countries and to soothe hurt Saudi feelings over a lawsuit filed by 9/11 victims charging Saudi support of terrorism.

Mr. Cheney argues that we must invade Iraq while we have a strategic window for action, while Saddam's army is still reeling.

But attacking the Saudis would be even easier. They are soft and spoiled. Only yesterday Jerome Socolovsky of The A.P. wrote about how King Fahd brought thousands of members of the House of Saud to Marbella, Spain, where they stocked up on luxury items and hired North African servants. Women in veils and waterproof robes rode Jet Skis and members of the royal family talked about the 9/11 attacks as an Israeli-C.I.A. plot.

A Saudi invasion would be like the Panama invasion during Bush I. We already have bases to use there. And this time Mr. Cheney won't have to beg the royals to use their air space, or send American forces.

Once we make Saudi Arabia into our own self-serve gas pump, its neighbors will get the democracy bug.

The Saudis would probably use surrogates to fight anyway. They pay poor workers from other countries to do their menial labor. And they paid the Americans to fight the Iraqis in 1991. The joke among the American forces then was: "What's the Saudi national anthem? `Onward, Christian Soldiers.' "

We haven't been hit at home by any of Saddam's Scud missiles. But the human missiles launched by Saudi Arabia have taken their toll.

nytimes.com