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To: RealMuLan who wrote (14249)10/28/2004 7:44:58 PM
From: benwood  Read Replies (1) | Respond to of 116555
 
It's a fallacy to pick out the mania price and use that as a benchmark, same as picking 1929 in the DOW for all comparisons over the next 50 years. The 1959 to 2003 saw a 12x increase as compared to the US dollar, and I expect the next 44 years to see a much greater change. I think this because the fiscal behavior of the US has escalated significantly in the past decade [edit: in a negative way], and so I view the last 44 years as the tame years for our beloved clownbuck.



To: RealMuLan who wrote (14249)10/28/2004 7:45:10 PM
From: RealMuLan  Respond to of 116555
 
Last Updated 29/10/2004, 03:20:18

The American Secretary of State, Colin Powell, has moved to assure Taiwan that US policy on the China/Taiwan relationship has not changed.

Taiwan has expressed concerns over remarks Mr Powell made during a recent visit to Beijing.

Mr Powell said in television interviews during the visit that Taiwan was not a sovereign nation and that the United States favored its "peaceful reunification" with China.

But Mr Powell now says he meant to say the US wants a peaceful "resolution" to the cross strait problem - replacing the word "reunification."

Mr Powell's comments angered Taiwanese President, Chen Shui-bian, and sparked a protest by dozens of Taiwanese independence activists outside Washington's quasi-embassy in Taipei.

China insists Taiwan is part of its territory, waiting to be reunified, since the two sides split in 1949 at the end of a civil war.

While the US moved diplomatic recognition from Taipei to Beijing in 1979, it remains bound by law to offer Taiwan the means of self-defence if its security is threatened.
abc.net.au