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To: James Strauss who wrote (12721)	9/9/2003 5:27:36 PM
From: Bucky Katt	Read Replies (1) \| Respond to of 13094

Speaking of those in-bred screw the public into the ground Wall Street Bastards, have you seen this?>> Message 19286006 And, what do you think of this perpetual con game?

To: James Strauss who wrote (12721)	9/10/2003 11:01:46 PM
From: Bucky Katt	Read Replies (1) \| Respond to of 13094

Our old pal Argentina in a new bind> Argentina fights IMF on terms for new loan Bloomberg News Thursday, September 11, 2003 Argentina is resisting a demand by the International Monetary Fund that it repay existing debts three months before receiving new loans, the cabinet chief, Alberto Fernandez, said Wednesday. The standoff has delayed the signing of a three-year accord, prompting Argentina to default on a $2.9 billion payment Tuesday, the biggest ever on an IMF loan. Fernandez said Argentina wanted disbursements at the same time it made payments on the $14.2 billion it owed over three years. He also said the accord would not obligate the government to raise utility rates, a condition the IMF was demanding. "It has been a game of brinkmanship that Argentina has won," said Richard Segal, research director at Exotix, a London-based brokerage for emerging market debt. "This sets a very awkward precedent for the IMF." An IMF spokesman, Thomas Dawson, declined to comment on details of the negotiations. He said the missed payment was "regrettable" and that the fund was "hoping to reach an agreement soon." He said the IMF did not consider the missed payment a default yet. The Argentine president, Néstor Kirchner, decided not to make the payment until a new accord is reached because drawing down the money from the central bank's $13.6 billion of foreign reserves might threaten the country's recovery from its worst recession on record, Fernandez said. Neighboring Brazil is also considering renewing a loan accord with the IMF that will expire in November. Brazil owes the IMF $29 billion. Argentina's default puts it with a group of countries that include Iraq, Liberia and Sudan that have failed to meet obligations to the IMF. Fernandez said Argentina and the IMF were "very close" to an accord and would probably reach one by Monday. "We still differ on the method of the payments - we want to make the payments and then immediately have them reimburse it," Fernandez said on Radio Mitre. Luis Secco, an economist who runs the research group Secco in Buenos Aires, said the IMF is asking for the lag between payments and disbursements to help it hold the South American country to targets set in the accord. Copyright © 2003 The International Herald Tribune

To: James Strauss who wrote (12721)	9/11/2003 8:01:22 AM
From: Bucky Katt	Read Replies (1) \| Respond to of 13094

3 firms to cut nearly 5,000 jobs 3Com says clients are not spending From Tribune news services Published September 11, 2003 Economists' hopes that the pace of layoffs would slow in the U.S. received a jolt Wednesday, when three major companies announced they would cut nearly 5,000 jobs combined. 3Com Corp. said it would cut its workforce by one-third, or about 1,000 jobs, as it outsources all its manufacturing and distribution work and closes a plant in Ireland to save money and improve efficiency. International Paper Co. said it plans to cut about 3,000 jobs, or about 3.5 percent of its workforce, in the next year to help improve profits, and Levi Strauss & Co. said it will cut up to 650 jobs, or about 5 percent of its workforce, to slash expenses.