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

To: Kenneth E. Phillipps who wrote (685748)	6/16/2005 10:53:56 AM
From: Bald Eagle	Read Replies (2) \| Respond to of 769670

Well, my response is "bullshit", the problem is a lack of refining capacity especially here in the USA. This is because of extreme environmental wackos, of which you are probably one, who have prevented the construction of new refineries over the past several DECADES. In case you didn't know, Bush has only been President for less than five years.

To: Kenneth E. Phillipps who wrote (685748)	6/16/2005 11:32:04 AM
From: Hope Praytochange	Respond to of 769670

more imported shoes ???FRANKFURT, Germany (AP) -- The euro fell slightly against the U.S. dollar Thursday before a potentially fractious European Union summit. The 12-nation euro bought $1.2091 in late European trading -- below the $1.2125 it bought in New York late the previous day but still above the 9 1/2-month low of $1.2018 that it hit Wednesday. The British pound dropped to $1.8213 from $1.8237. The dollar was down slightly against the Japanese currency, falling to 109.00 yen from 109.17 yen. The EU's 25 leaders appeared far from reaching a deal on the bloc's future financing as they gathered in Brussels for their summit amid a crisis prompted by French and Dutch voters' emphatic rejection of the proposed EU constitution. The crisis has robbed the euro of some of its steam, although the shared currency remains strong against the dollar. The euro reached an all-time high of $1.3667 at the end of last year, powered by concerns about the wide U.S. trade and budget deficits. The U.S. currency remains vulnerable to concerns about the strength of the economy, but data Thursday appeared to have little effect. New figures showed that the number of Americans filing new claims for unemployment benefits increased slightly last week after a steep decline the previous week. Construction of new homes rose by 0.2 percent in May -- short of economists' forecasts for a 0.6 percent gain. Last year's euro surge clipped the competitiveness of European exports. ''It's still the case that the euro is clearly higher than we had ever assumed,'' Germany's deputy finance minister, Barbara Hendricks, told lawmakers in Berlin Thursday. The ''slight downward tendencies that we have seen over the past weeks are of benefit to the German economy,'' she said. Also on Thursday, the Lithuanian parliament voted against holding a referendum on adopting the common currency, which the Baltic country hopes to do in 2007. The country joined the EU last year. Prime Minister Algirdas Brazauskas said he didn't think it was necessary for Lithuania to hold a referendum on the euro, despite a growing fear it may lead to higher prices. Some Lithuanians are wary of giving up the litas after many voters on the EU treaty in the Netherlands said they were unhappy about the rise in prices the country experienced after it substituted the guilder for the euro. Analysts say a lower euro could benefit the countries that use it because the currency's recent strength has been sapping growth by reducing the competitiveness of European goods and services at home and abroad. More Articles in Business >