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

To: TobagoJack who wrote (34036)	5/20/2003 5:41:58 AM
From: EL KABONG!!!	Read Replies (1) \| Respond to of 74559

Hi Jay, In Europe, nearly 40 percent of car sales are diesel. Presumably this is so because the price of diesel fuel is less expensive than the price of gasoline (in Europe). So would it also be safe to presume that the holier-than-thou attitude displayed by some Europeans towards the USA with regards to air pollution and the US rejection of the Kyoto Protocol on global warming doesn't extend so far as to include their own use of heavier polluting diesel fuel? No response necessary as it's a rhetorical question... <g> KJC

To: TobagoJack who wrote (34036)	5/20/2003 5:48:38 AM
From: elmatador	Respond to of 74559

Iraq's economy starts being dollarized. No liquidity and prices skyrocket The US administration in Iraq started this Monday to pay USD40 to the retirees and workers of the health sector in an attempt to attenuate the lack of money for the Iraqis who depended on the state and who last received a salary in February. Retirees and workers will receive in USD 5 and 10 bills at a moment the USD is falling versus the Iraqi Dinar and basic products prices are going steeply up. War in the battle field may have ended, but it continues in paper money, the offensive of George Washington and Benjamin Franklin against Saddam. "There are less and less Dinars in circulation and USD starts to reach small commerce. In some places there's lack of local currency" says Safa Hussein, owner of an exchange house. This week it expected a huge flow of dollars in the Iraqi economy as USD78million enters the economy as salaries of one million employees are paid. After April 9 when the invaders reached Baghdad, USD1 was exchanged for 2.500 Dinar, this week it was quoted at 1USD for 900 Dinar as prices get high. A kilo of meat was USD.50 today's is USD6.