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Strategies & Market Trends : Booms, Busts, and Recoveries -- Ignore unavailable to you. Want to Upgrade?

To: TobagoJack who wrote (26099)	12/14/2002 12:00:41 AM
From: elmatador	Respond to of 74559

Argentina defaults on World Bank debt (again) 14 December, 2002 09:23 GMT+08:00 asia.reuters.com BUENOS AIRES, Argentina (Reuters) - Argentina's government said on Friday it had defaulted on more than $700 million due to the World Bank, a second missed payment that cuts the bankrupt country off from any aid from the bank. Argentina had already let pass a first deadline a month ago, technically defaulting and ending any hope for new loans. But Friday's missed payment cuts off access to roughly $2 billion in existing financing that had been earmarked for AIDS programs, high schools and farm aid.

To: TobagoJack who wrote (26099)	12/14/2002 12:01:39 AM
From: elmatador	Read Replies (1) \| Respond to of 74559

U.S. stocks slip on global jitters and poor economy 14 December, 2002 05:07 GMT+08:00 NEW YORK (Reuters) - Rising global tensions and a hazy corporate profit picture soured Wall Street sentiment on Friday, helping drag the market down to its second straight week of losses. BUT LOOK HERE! Consumers' moods brighten as U.S. prices decline 14 December, 2002 00:48 GMT+08:00 By Mark Egan WASHINGTON (Reuters) - U.S. consumer optimism brightened in December, brushing back concerns about possible war with Iraq and rising jobless rates, and boosting hopes for a joyous holiday shopping season. A series of private and government reports on Friday offered hints of better economic prospects ahead as wholesale prices remained well in check in November, and a closely watched gauge of consumer confidence moved higher this month. COMMENTS: Is this an anomaly or what???