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Politics : PRESIDENT GEORGE W. BUSH -- Ignore unavailable to you. Want to Upgrade?


To: calgal who wrote (423455)7/6/2003 1:32:07 AM
From: calgal  Respond to of 769670
 
Business - Reuters

EU Pressures Asia to Allow Currency Rise
Sat Jul 5, 5:50 AM ET

By Jason Szep

URL:http://story.news.yahoo.com/news?tmpl=story&ncid=1203&e=4&u=/nm/economy_asem_dc&sid=95609869

BALI, Indonesia (Reuters) - European finance ministers pressured Asian governments on Saturday to allow the region's tightly managed currencies to rise against the dollar, a move that may limit any damage to Europe's economy from further euro strength.

Reuters Photo

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Some Asian governments have sought to limit the impact of the falling U.S. dollar on their currencies by intervening in foreign exchange markets to maintain their export competitiveness at a time of weak global demand.

With Asia striving to keep dollar weakness at bay, much of the pressure on the dollar, caused by the huge U.S. trade deficit, has so far come via a strengthening euro.

"There has been a discussion about that," said Karin Rudebeck, State Secretary of International Affairs in Sweden's finance ministry, referring to Asian currency policy.

Rudebeck spoke to Reuters after a closed door session at an annual meeting of European and Asian finance ministers (ASEM) on the Indonesian resort island of Bali.

"The burden toward the euro has been too high in the restructuring of exchange rates globally. This has been discussed but I think there is no clear conclusion," she said.

Kim Jin-Pyo, South Korea (news - web sites)'s minister of finance and economy, told Reuters: "The European countries seem to be of the view that since the U.S. has a huge trade deficit and many countries in East Asia and in particular China has a large share of that, there should be or there could be a cautious correction of that imbalance."

GAPING DEFICIT

The issue of Asian currency policy has become an issue because of the massive U.S. current account deficit, which is close to five percent of gross domestic product. To finance this, the U.S. must attract more than $1 billion a day.

This was easy during the 1990s when a soaring stock market and high-tech boom lured foreign investors. But a stock market tumble and economic stagnation has dulled returns, slowing the inflow of investment and pushing the dollar down.

But its fall against global currencies has been uneven.

In 2003 it has fallen 9.3 percent against the euro , but just 0.6 percent against the yen , 1.1 percent against the Taiwan dollar and 0.5 percent against the Korean won . Three other Asian currencies, the Chinese yuan, the Hong Kong dollar and the Malaysian ringgit are pegged to the dollar at fixed rates.

Last week the Bank for International Settlements criticized unnamed Asian countries for opposing a rise in their currencies that would cut their current account surpluses and, by extension, help shrink the U.S. deficit.

Speculation has swirled in financial markets that China will relax its yuan policy to allow it to rise against the dollar. Such a move may help ease inflationary pressure building up in China due to strong money supply growth.

U.S. Treasury Secretary John Snow and a top South Korean foreign exchange official have stirred that speculation by saying that a yuan policy change may already be under consideration.

Japanese Finance Minister Masajuro Shiokawa said on Friday he would not press the issue of a yuan revaluation during three-way talks with his counterparts from South Korea and China on the sidelines of the meeting.

Kim said one European delegate had mentioned the need for an appreciation of the yuan during Saturday's meetings.



"But other than that there was no mention about the valuation of the Chinese currency, and Korea does not have a specific suggestion on that either," he said.

Beijing has denied that it might allow the yuan to rise. China's tightly controlled yuan has been seen as a big reason why Korea and some other Asian countries have not let their currencies float free and rise against the dollar.

Economists say a rise in currencies in Asia -- the source of more than one-third of America's total trade -- would cut the U.S. current account deficit. Because the U.S. trade deficit with China was $103 billion in 2002 versus the U.S.'s $82 billion deficit with the European Union (news - web sites), analysts think a stronger yuan may do more to curb the U.S. deficit than the dollar's fall against the euro.

The weekend Bali gathering of officials from the European Union, China, Japan and other Asian nations is also expected to stress closer coordination in macro-economic policy between their regions, home to about a third of the world's population.

"European countries are entering into an integrated single market, while we have just started to strengthen our bond market. There will be talks on how to synergise these efforts," said Indonesia's chief economics minister, Dorodjatun Kuntjoro-Jakti. (Additional reporting by Yuko Yoshikawa and Arka Gde)



To: calgal who wrote (423455)7/6/2003 2:37:25 AM
From: calgal  Respond to of 769670
 
Bull Detector Could Clean Up Political Jargon
URL:http://www.foxnews.com/story/0,2933,91143,00.html

Saturday, July 05, 2003
By Kelley Beaucar Vlahos

WASHINGTON — When a politician says, "The only poll that counts is the one on Election Day," what does he really mean?

Translation: "I wouldn’t win if the election were held today."

Or what is a lawmaker really getting at when she says, "I plan to repurpose the budget towards a greater strategy of revenue enhancement?"

Translation: "I want to raise taxes."

Experts say the time is right for a software program that could cut through the "bull" of political jargon, much like the "Bullfighter" tool which strips business lingo from company memos, speeches and press releases.

"People are fed up. They get fire-hosed with bull every day and they are tired of it," said Brian Fugere, a consultant with Deloitte Touche Tohmatsu, an international business consulting firm, which designed Bullfighter (search) and is offering the software free of charge on its Web site, www.DC.com. The site has received more than 200,000 hits since the software was introduced on June 17, Fugere said.

While the tool was inspired by the unintelligible jargon in the Enron (search) memos that emerged during the company’s bankruptcy scandal last year, Fugere said, designers have already used it to test presidents' State of the Union (search) addresses for clarity and straight-talk. The results have been surprising.

President George H.W. Bush led the pack with the most straightforward language, while current President George W. Bush came in third. President Clinton placed fifth and President Herbert Hoover “dead last,” said Fugere.

The tool acts much like a spell checker, recognizing overused and ambiguous business buzz words like "best in practice," "scalable" and "synergy." It also scores documents for clarity.

It was originally designed to help consultants at Deloitte Touche Tohmatsu write more coherently, said Fugere.

"We have to clean up our own act, frankly," he said. However, "it seems it might be a useful service in the political realm, too."

A number of political operatives and experts said they agree.

"It would put everybody on their toes," said Tom King, a Democratic consultant.

"I don’t think there is any monopoly on obfuscation," King said, referring to the ability of both Democrats and Republicans to manipulate language.

"I think some of the people who have reputations of being straight-talkers — [Arizona Sen.] John McCain, for instance — once you put them through the bull-o-meter, they’re not as straight-talking as you would like to think.”

Consultant Howard Opinsky, who worked for McCain during his 2000 presidential bid, said spin used by politicians is just as bad as vague language.

Opinsky offered an example.

"When a politician says, 'The American people know that I am doing the right thing on this one,' he really means, 'I’m doing what I damn-well please.'"

Jim McLaughlin, a New York-based Republican pollster, offered a few of his own. "When they say, ‘I don’t want to go negative,' it means they are going to go negative," he said.

"When a campaign says, 'The polls don’t matter,' that means they’re down 20 or 30 percent," McLaughlin added.

Matthew Felling, an analyst for the Center for Media and Public Affairs in Washington, D.C., said he would like to see political speech stripped of all sports metaphors.

“No' grand slams,' 'spinning wheels,' or how senator x is 'moving the goalposts,'" he said. "In an attempt to make it accessible to everyone, [sports metaphors] dilute and pervert the idea."

Felling also suggested getting rid of pop culture references like "weakest link," and the time-tested, "Where’s the beef?"

"These are just lazy ways of making headlines without saying anything of importance," he said.

But people might be surprised at what little is left over if political speech is stripped of its sheen, said Stephen Hess, political analyst for the Brookings Institution in Washington, D.C.

"To cut to the quick might not leave much," he said. "When you bite into it, there might not be much there. Sort of like cotton candy."

Fugere said the best Bullfighter can do today is help writers improve and guide journalists and shareholders through the gobbledygook that obscures useful information.

If it were used to put politicians to the test, that would be an added bonus.

"It has completely changed my own writing style. When you put a measurement on something its funny how behavior will change," Fugere said.



To: calgal who wrote (423455)7/6/2003 1:01:08 PM
From: calgal  Respond to of 769670
 
Teachers Union Sets Sights on Bush in '04
Thu Jul 3, 6:21 PM ET URL:http://story.news.yahoo.com/news?tmpl=story&cid=548&ncid=703...
By BEN FELLER, AP Education Writer

NEW ORLEANS - The National Education Association, a powerful force as the largest union in the country, has settled on campaign targets: No Child Left Behind, the sweeping school law championed by President Bush (news - web sites), and ousting the Republican leader.

The NEA plans to focus its considerable organizing and fund-raising power on electing a Democrat, conceding that most congressional incumbents are safe in 2004.

What the NEA must figure out, in the meantime, is which Democratic candidate — if any — to leave behind as it begins considering an endorsement in the crowded presidential field.

Since 1976, when it shifted into an active role in national politics, the 2.7 million-member union has given every presidential endorsement to a Democrat, but that backing has come in various forms.

The union got behind Al Gore (news - web sites), then the vice president, in 1999 when rival Bill Bradley (news - web sites) was mounting a tough challenge. In 1988, however, the NEA recommended three Democrats in the primaries; in 1992, it supported five. This year, nine Democrats are running for president.

One White House hopeful, Sen. John Kerry (news, bio, voting record) of Massachusetts, stopped by the NEA annual meeting Thursday to visit teachers from his state. Another, Sen. John Edwards (news, bio, voting record) of North Carolina, is expected to spend part of Saturday and Sunday at the event.

"I have talked to at least six of the nine, and all of their positions are not too far from the others. So I just don't know yet," said Reg Weaver, the union president. "It's something we will continue to monitor."

This week, the NEA launched its endorsement process by sending questionnaires to candidates. Those that complete the surveys will be asked to take part in videotaped interviews. After several reviews, NEA officials in October will offer an endorsement position, which must by approved by state chapters by December.

It's an enormous risk for a group such as the NEA to put its capital behind one candidate in the primary, said Paul Clark, an associate professor of labor studies and a specialist on unions at Penn State University.

"If they do that and the candidate won, they would really have his or her ear," Clark said. "But with no (candidates) distinguishing themselves, I think they would think long and hard about it."

Roughly 30 percent of the union's members are Republicans; the rest are Democrats or independents, according to NEA surveys.

The NEA could endorse no primary candidates, but that's unlikely because the union says many of the Democrats have favorable education records.

The NEA meeting took on the air of a political convention Thursday, as more than 9,000 delegates, seated by state, cheered speeches and debated business. The union hopes to raise $1.2 million from the delegates for its 2004 campaign push.

Meanwhile, the union has shifted its position on No Child Left Behind, the law approved by Congress in 2001 and signed by Bush in 2002. The NEA didn't oppose the legislation then after vouchers and other contentious issues were removed.

Now, the union wants to mobilize members to get the law changed, saying its testing provisions, school labels and teacher standards will cause chaos. NEA members, in a new blitz of calls and e-mail, are asking Congress for flexibility.

The union also plans to sue the federal government for allegedly failing to pay for the law. In a gentler approach, delegates will be asked Friday to write a "personal, respectful" postcard to Bush to request more money for education.

"Our members are angry, and they're frustrated," Weaver said in his keynote speech Thursday. "But behind all of that is emotion, there is energy. I have seen it...It is our job to help our members unleash that energy."

Republican leaders say Bush and Congress have provided enough money to back the law, and that school officials are working hard to make the reforms work.



To: calgal who wrote (423455)7/6/2003 1:03:14 PM
From: calgal  Respond to of 769670
 
Transcript: President Bush's Weekly Radio Address



URL:http://www.foxnews.com/story/0,2933,91142,00.html


Saturday, July 05, 2003

The following is a transcript of President Bush's weekly address:





Good morning. Every Fourth of July we take special pride in the first generation of Americans, the men and women who waged a desperate fight to overcome tyranny and live in freedom. Centuries later, it is hard to imagine the Revolutionary War coming out any other way. Yet victory was far from certain, and came at great cost.

Six years passed from the fighting at Concord Bridge to the victory at Yorktown, six years of struggle and hardship for American patriots. By their courage and perseverance, the colonies became a country. That land of 13 states and fewer than four million people grew and prospered. And today, all who live in tyranny, and all who yearn for freedom, place their hopes in the United States of America.

For more than two centuries, Americans have been called to serve and sacrifice for the ideals of our founding. And the men and women of our military have never failed us. They have left many monuments along the way, an undivided union, a liberated Europe, the rise of democracy in Asia, and the fall of an evil empire. Millions across the world are free today because of the unselfish courage of America's veterans.

The current generation of our military is meeting the threats of a new era, and fighting new battles in the war on terror. People in every branch of the service, and thousands of Guard and Reserve members called to active duty, have carried out their missions with all the skill and honor we expect of them. This nation is grateful to our men and women in uniform.

On this Fourth of July weekend, we also remember the brave Americans we've lost in Afghanistan and Iraq. We honor each one for their courage and sacrifice. We think of the families who miss them so much. And we are thankful that this nation produces such fine men and women who are willing to defend us all.

At this hour, many are still serving, sacrificing, and facing danger in distant places. Many military families are still separated. Our people in uniform do not have easy duty, and much depends on their success. Without America's active involvement in the world, the ambitions of tyrants would go unopposed, and millions would live at the mercy of terrorists. With America's active involvement in the world, tyrants have learned to fear, and terrorists are on the run.

This nation is acting to defend our security, yet our mission in the world is broader. The Declaration of Independence holds a promise for all mankind. Because Americans believe that freedom is an unalienable right, we value the freedom of every nation. Because we are committed to the God-given worth of every life, we work for human dignity in every land. We protect our friends and raise up former enemies to be our friends. We bring food and disaster relief to the nations of the world in times of crisis. And in Africa, where I will go next week, the United States of America is leading the effort to fight AIDS, and save millions of lives with the healing power of medicine. Just as our enemies are going to know the strong will of America, people across this Earth are seeing the good and generous heart of America.

As citizens of this good nation, we can be proud of our heritage and confident in our future. The ideals of July 4th, 1776, still speak to all humanity, and the revolution declared that day goes on. As we celebrate our independence in 2003, we still place our trust in Divine Providence. We still pledge our lives and honor to freedom's defense. And we will always believe that freedom is the hope and the future of every land.

May God continue to bless the United States of America. Thank you for listening.



To: calgal who wrote (423455)7/6/2003 1:15:04 PM
From: calgal  Read Replies (1) | Respond to of 769670
 
Bush usurps Democrats on road to '04 elections

By Joseph Curl
THE WASHINGTON TIMES

President Bush has taken a page from the playbook of former President Bill Clinton, seizing issues traditionally owned by the opposing party and making them his own.
With the 2004 election less than 18 months away, Mr. Bush has embraced traditional Democratic issues such as Medicare and AIDS — as well as education earlier in his term — to defang the opposition, even at the expense of his own party's conservative wing.
"Republicans have always been better than Democrats at playing divide-and-conquer politics," said Democratic strategist Mary Ann Marsh. "And that's exactly what this is."
Said Republican pollster Bill McInturff: "He made education his issue in 2000, and now Medicare."
The strategy helped Mr. Bush win the presidency in 2000, and key Bush campaign strategists appear ready to deploy it again. With the electorate split virtually 50-50, the strategy is to pull just enough votes from independents and centrist Democrats to turn the tide in 2004.
At the same time, Mr. Bush realizes that Republicans, who have been griping about the high cost of Medicare reform and the increased federal outlays for social programs, will fall in line at crunch time.
Mr. Bush is employing the "triangulation" method used by Mr. Clinton, who during much of his administration sought to distinguish himself from both the Republican-controlled Congress and the liberal-leaning congressional Democrats by seizing several key issues of the opposing party.
But Mr. Clinton, who triangulated Republicans on welfare reform, a balanced budget and anti-crime legislation, had a more difficult time than Mr. Bush seems to be having with his base in getting the more ideological elements of the Democratic Party to fall in line.
"Republicans have an easier task of it than the Democrats ever did because it's easier to keep the Republicans on the right happy than it is to keep the Democrats on the left happy," Miss Marsh said. "[Republicans] were out in the woods for so long that they are — as a party — more disciplined and more organized and more willing to make short-term sacrifices for long-term gains."
On the most recent issue, Medicare reform, conservative House Republicans have complained that the prescription drug program contained in the House and Senate bills passed by Congress is too expensive. Twenty to 25 lawmakers threatened to join Democrats in voting the measure down. But the president stuck to his guns and in the end, nearly all of the early Republican opponents voted for the measure. The legislation is now headed to conference, where the differences between the two bills will be ironed out.
Conservatives are also moaning about the president's $222 billion increase in spending on such programs as education, job training, unemployment assistance, Medicare, Social Security, veterans benefits, food stamps and other "human resources." That spending has increased from 11.5 percent of gross domestic product to 12.7 percent in the last two years.
But Republicans will be happy in 2004, when they return to their districts to run for re-election, said Mr. McInturff, the Republican pollster.
"If the economy is just a little bit better than it is now, and the president still enjoys an advantage on national security, and we pass a Medicare prescription drug plan, what exactly is the rationale for replacing him?" Mr. McInturff said.
Triangulation, an age-old political device in which a president (or a candidate) embraces a position that lies outside the rigid program of his party, was showcased during the presidency of Mr. Clinton, who used pollsters to test numerous issues. He often chose the path most supported by surveyed Americans, even at the cost of his party's most loyal supporters.
The Bush White House denies the claim that this president triangulates issues simply for political purposes.
"I think when you look across the board at the positions the president takes, the president evaluates the issues that come before him based on the facts, based on the merits," said White House Press Secretary Ari Fleischer this month. "He makes the determinations, and then others are free to say whether they agree or disagree with the president. I think his view to whether it's an issue that's important to one party or another party, or to many people in the middle — his view is to do what's right and let people interpret it from there."
Still, some key conservative voices caution that the president may be distancing himself too far from the conservative base that turned out in massive numbers in the 2000 election.
"Conservatives are starting to express more and more concern about the spikes in federal spending," said conservative activist Paul Weyrich, head of the Free Congress Foundation. "The prescription drug benefit has caused a number of both Senate and House Republicans to openly express worry that we are rushing to institute a new entitlement program without really understanding what we are obligating ourselves to pay in perpetuity.
"It may help the president win re-election, but his second term may be made miserable when the bills start coming due for the plan," Mr. Weyrich said.
Unlike 1999, when Mr. Bush, then the governor of Texas, used the early days of his presidential campaign to pull conservatives closer to his candidacy, this time around he is using the pre-primary period to embrace less Republican notions, ranging from his $15 billion plan to battle HIV/AIDs, his support for the assault-weapons ban extension and his stance on women in the military, an issue he punted to the Pentagon.
But Mr. Weyrich said Mr. Bush is looking only at short-term gains and jeopardizes the long-term health of the Republican Party.
"The president deserves to be re-elected for a host of positive things that he has done, but he should also keep in mind that the odds are very good that he will have a second term and what may appear to be good politics in the short-term will turn out to be neither good politics nor good policy looking beyond 2004," Mr. Weyrich said.

URL:http://www.washingtontimes.com/national/20030706-123435-9349r.htm