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

To: Jim Willie CB who wrote (12522)	2/3/2003 4:12:18 PM
From: Sully-	Read Replies (1) \| Respond to of 89467

You & your burning desire for shower scenes :- I think you even called for one on Lord of the Rings: The Two Towers :-o OOF Ö¿Ö

To: Jim Willie CB who wrote (12522)	2/3/2003 4:17:49 PM
From: abuelita	Read Replies (1) \| Respond to of 89467

jim- thanks for the review. i've only seen the movie advertised on tv - the scene where you see al pacino's face. someone asks "do i have to kill anybody?" pacino hesitates a moment, cocks his head slightly and with a very slight grin to his voice asks, "do you want to?" he was excellent in the devil's advocate too. rose

To: Jim Willie CB who wrote (12522)	2/4/2003 4:09:51 AM
From: stockman_scott	Respond to of 89467

Hey JackAss: Nice Review... Pacino is one of my favorites...I'll have to make a point to see 'The Recruit'...Here's what Roger Ebert has to say... suntimes.com Last weekend I finally saw Spielberg's 'Catch Me If You Can' and I would give it two thumbs up --> it keeps you guessing and DiCaprio, Martin Sheen and Tom Hanks all delivered solid performances...Here's Ebert's take on the film... suntimes.com

To: Jim Willie CB who wrote (12522)	2/4/2003 4:12:52 AM
From: stockman_scott	Respond to of 89467

Where Was God at Enron? From the belly of the corporate beast, an exile lands on the shores of divinity school by Carole Bass - January 23, 2003 hartfordadvocate.com

To: Jim Willie CB who wrote (12522)	2/4/2003 6:39:48 AM
From: stockman_scott	Respond to of 89467

-- Pimco's Gross: Loss of US hegemony hurts investors -- NEW YORK, Feb 3 (Reuters) - A spendthrift United States is losing its "peace dividend" as war and terrorism fears mount, a change that may boost the inflation rate and hurt corporate profits, the U.S. dollar and investor returns, according to Bill Gross, who runs the world's largest bond mutual fund. Gross, who manages the $67.8 billion Pimco Total Return <PTTRX.O> bond fund, said on Monday that the United States is entering a "somewhat vicious cycle of policy reversal" that might lead to "anemic" gains for investors. "Many of us will have to adjust, either in the form of higher unemployment, an increased price for imported goods, or heavier indirect taxes in the form of higher inflation and interest rates," he said. "Investment strategies, both bond and equity, should put these secular reversals at the top of their 'A' list when considering opportunities to make relative and absolute returns," Gross added. Gross made his observations in his widely read monthly commentary posted on the Web site of Pacific Investment Management Co. in Newport Beach, California, where he oversees $305 billion as a managing director. He has said U.S. bond investors should expect 4 percent to 5 percent annual gains over the next several years, roughly half the rate between 2000 and 2002, and that he was buying for his portfolios some euro-denominated and emerging market debt. Gross also last September made waves when he said 5,000 was fair value for the Dow Jones Industrial Average <.DJI>. The index closed Monday at 8109.82, or 62 percent above that figure. DECLINE In his commentary, Gross said U.S. hegemony has been based since the 1930s on military domination and a superior economy, until recently reflected in a strong U.S. dollar. The dollar, though, has fallen about 9 percent against the euro in the last two months, to about $1.08, on worry about the health of the economy and possible war with Iraq. Gross said that to combat terrorism, prominent economists like Paul Krugman and Nobel Prize winner Joseph Stiglitz are wondering whether to boost controls on global capital flows. Meanwhile, he said the United States is at times pursuing more restrictive trade policies, which might invite retaliation by other countries. The U.S. trade deficit widened in November to a record $40.1 billion, Commerce Department data show. As a result of the changes, Gross said, non-U.S. investors might pull more money out of the country. "Foreigners have and will continue to sell the dollar and U.S. investments in fear of guns and butter bills to come," he said. "America," he added, "will attempt to preserve its hegemony by biasing, and in some cases reversing, free trade and open financial market policies that do not favor the U.S. All of this implies that our peace dividend, not only in the terms of lower defense expenditures, but U.S. domination of (and benefits from) free capital markets and free trade, are nearing an end." ((Reporting by Jonathan Stempel; editing by Eric Walsh; Reuters Messaging: jon.stempel.reuters.com@reuters.net; +1 646 223-6317 )) (C) Reuters 2003.

To: Jim Willie CB who wrote (12522)	2/4/2003 6:45:44 AM
From: stockman_scott	Read Replies (1) \| Respond to of 89467

S&P 500 VS Nikkei mrci.com

To: Jim Willie CB who wrote (12522)	2/4/2003 11:47:01 AM
From: stockman_scott	Read Replies (2) \| Respond to of 89467

Perfect Timing For A War In Iraq... Report: Job Cut Announcements Jump Tuesday February 4, 10:24 am ET NEW YORK (Reuters) - Layoff announcements at U.S. firms rose in January, as the threat of war in Iraq not only discouraged managers from hiring but also drove companies to shed more workers, a report showed on Tuesday. In the latest sign of a still-wobbly U.S. labor market, companies said they intended to slash 132,222 jobs from their payrolls last month, a 42 percent jump from the 92,917 planned layoffs announced in December, employment research firm Challenger, Gray & Christmas said. "Even if businesses were in a position to hire, many would probably delay such action in light of the uncertainty surrounding Iraq," said John Challenger, chief executive of Challenger Gray. A conflict in Iraq would have a dramatic impact on U.S. businesses, affecting everything from the price of oil and fuel to the ability to transport goods and services overseas, the report said. The report comes as economy-watchers await a crucial January jobs survey, which the U.S. Labor Department is slated to release on Friday at 8:30 a.m. EST (1330 GMT). Economists polled by Reuters expect the jobless rate to remain unchanged at 6 percent.