SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Politics : PRESIDENT GEORGE W. BUSH -- Ignore unavailable to you. Want to Upgrade?


To: Kenneth E. Phillipps who wrote (694168)7/27/2005 1:04:26 PM
From: Hope Praytochange  Respond to of 769670
 
Algerian Diplomats Are Killed in Iraq
By THE ASSOCIATED PRESS
Filed at 12:37 p.m. ET

BAGHDAD, Iraq (AP) -- Two Algerian diplomats in Iraq have been killed by their kidnappers, the Algerian president's office said Wednesday, hours after an Internet statement by the terrorist group Al-Qaida in Iraq claimed it had slain the envoys.

Algerian state radio interrupted its programming to broadcast an announcement from the office of President Abdelaziz Bouteflika, which said that Ali Belaroussi and Azzedine Belkadi had been killed. The statement did not provide the source of the information.

It was the second reported slayings of Arab envoys in Iraq this month.

Belaroussi, 62, and Belkadi, 47, were kidnapped at gunpoint July 21 in Baghdad's upscale Mansour area. They appeared in a video made public Tuesday blindfolded and in captivity.

''The head of the Algerian mission Ali Belaroussi and the diplomat Azzedine Belkadi, whose government is ruling in violation of God's will, were killed,'' said the Internet statement.

Wednesday's statement, which appeared on an Islamic Web site, said the envoys had been killed because of the Algerian government's repression of Muslims in their north African country.

The pair appeared in a video made public Tuesday blindfolded and in captivity, giving their names and home addresses.

Meanwhile, progress on Iraq's new constitution ran into another snag as Iraqi Kurds threaten not to back down from demands for a federal state despite problems this may create in meeting an Aug. 15 deadline that U.S. officials are pushing.

Massoud Barzani, head of the Kurdistan Democratic Party, also said Kurds would never dissolve their militias and repeated demands for the return of ethnic Kurds to the oil-rich Kirkuk area from which tens of thousands of them were expelled under Saddam Hussein.

Barzani's comments, broadcast by Al-Arabiya television, indicated the Kurds are standing firm on longtime demands at a time when the United States is urging all sides to compromise in order to finish the new constitution by the Aug. 15 deadline.

His remarks were broadcast as Defense Secretary Donald H. Rumsfeld arrived in Baghdad to urge the Iraqis not to miss the deadline for completing the draft of the constitution. The Defense Department wields considerable influence among the Kurds, who worked closely with the Americans in preparations for the 2003 invasion that toppled Saddam.

''It's time for a compromise. That's what politics are about and people are simply going to have to recognize that (in) any constitutional drafting process, compromise is necessary. It's important. It's understandable. It's the way democratic systems work,'' Rumsfeld said.

At a joint news conference with Rumsfeld, Prime Minister Ibrahim al-Jaafari said the time has arrived to plan a coordinated transition from American to Iraqi military control throughout the country.

Asked how soon a U.S. withdrawal should happen, he said no exact timetable had been set. ''But we confirm and we desire speed in that regard,'' he said, speaking through a translator.

Speaking earlier with U.S. reporters traveling with Rumsfeld, Gen. George Casey, the top American commander in Iraq, said he believed a U.S. troop withdrawal could begin by spring 2006 if progress continues on the political front and if the insurgency does not expand.

In ongoing violence, a bomb exploded Wednesday near a U.S. Army patrol in central Iraq, killing one soldier and wounding five others, the U.S. command said.

The attack occurred in Salaheddin province in the Sunni Triangle north of Baghdad, a center of the anti-American insurgency. The soldiers were assigned to Task Force Liberty based in Tikrit but their names were not immediately released, the U.S. command said.

Preliminary drafts of the Iraq's constitution call for disbanding all militias associated with Iraqi parties since the days when they were fighting Saddam. The Kurds have long maintained that their peshmerga fighters are not a militia but rather the security force of their autonomous Kurdish region in the north.

However, it is unlikely that the Shiites and others would accept an end to their own militias if the Kurds are allowed to keep their peshmerga fighters.

''The peshmergas will stay and there is no force that will be able to cancel them,'' Barzani said. He said the issue of Kirkuk must be resolved according to a formula the Kurds accepted before U.S. authorities restored Iraqi sovereignty -- which states that all Iraqis, including Kurds, who were displaced under Saddam Hussein's regime have the right to return to their homes and receive compensation.

That could anger many Sunni Arabs, who were moved into the Kirkuk area after the Kurds were expelled, and also Turkomen, who consider Kirkuk as their homeland too. Turkey has given strong support to the demands of their Iraqi ethnic kinsmen.

Many Sunni Arabs are also suspicious of federalism, fearing it would lead to the breakup of the nation. Federalism also raises questions about the distribution of oil revenues, including how much should go to the central government and how much to any regional federated districts.

In other developments in Iraq:

-- A senior Baghdad International Airport official was abducted Wednesday by gunmen, police said. Mahir Yassin, director of the communication department at Baghdad airport, was kidnapped from Baghdad's western Mansour neighborhood on his way to work by assailants in two cars.

-- Mortar attacks on Baghdad's main bus station Wednesday killed at least two and injured 20 others, said Dr. Muhannad Jawad of Yarmouk Hospital. Most of the victims are believed to be Iraqi civilians.

-- Gunmen opened fire Wednesday on a car carrying three employees of the Ministry of Trade, killing one man and wounding two women, Baghdad police said.

-- In Tikrit, Iraqi police said gunmen fired on a truck carrying Iraqis working at a U.S. garrison near Oja, birthplace of Saddam Hussei, killing one and injuring seven.

-- Seven Iraqi soldiers were shot and killed as they were guarding a water plant north of Baghdad, the Defense Ministry said Wednesday. About 20 assailants armed with hand grenades and light weapons drove up in four cars and opened fire Tuesday in Tarmiyah, 30 miles north of Baghdad.



To: Kenneth E. Phillipps who wrote (694168)7/27/2005 1:40:03 PM
From: FastC6  Read Replies (1) | Respond to of 769670
 
Democraps are losers: news.yahoo.com



To: Kenneth E. Phillipps who wrote (694168)7/27/2005 2:05:35 PM
From: PROLIFE  Respond to of 769670
 
hindsight is 20/20. Esp. in war.



To: Kenneth E. Phillipps who wrote (694168)7/27/2005 3:39:00 PM
From: DizzyG  Respond to of 769670
 
Samuel Berger?

How on earth can anyone give this even a serious look when Sandy Berger was the one convicted of stealing top secret documents to make daddy Clinton look good.

You'll have to do better then that, Kenneth. :)

Diz-



To: Kenneth E. Phillipps who wrote (694168)7/27/2005 4:15:49 PM
From: Hope Praytochange  Respond to of 769670
 
kennyhousingexpert: any comments ???
1. Home Sale Surge Smacks of Binge
2. PepsiCo Repatriates $7.5B in Foreign Earnings

1. Home Sale Surge Smacks of Binge

The National Association of Realtors (NAR) has announced that the rate of sales of existing homes during the month of June was the fastest in nearly 25 years, pushing the median home price to $219,000.

Sales rose to 7.33 million units in June, boosting sales by some 2.7% on the May data.

The median house price now stands 14.7% higher than one year ago, and that has led to the sharpest housing inflation since November 1980.

The culprit, according to the NAR, is the continued era of ultra-low interest rates coupled with job and income growth.

Recently, 30-year fixed-rate mortgages fell from 5.72% in May to 5.58% in June, contrasting sharply with the June 2004 level of 6.29% -- when the Federal Reserve started to jack up interest rates.

That decline in long-term rates has become known as Greenspan's Conundrum and it causes something of a conflict for the Federal Reserve as it tries to make the cost of borrowing more expensive - not cheaper.

In recent testimony before Congress, Chairman Alan Greenspan described parts of the rising housing market as being in the grips of "speculative fervor."

Should rising interest rates, coupled with a natural economic slowdown, begin to cause those vulnerable parts of the nation to slow down, many fear that mortgagees will be unable to meet their rising house payments - and that would lead to an avalanche of property prices.

Even if such a slowdown was only localized, it would still be extremely difficult to stop the hemorrhaging of housing prices.



To: Kenneth E. Phillipps who wrote (694168)7/27/2005 4:59:35 PM
From: Hope Praytochange  Read Replies (1) | Respond to of 769670
 
kennymarketexpert:Semico sees upswing for ICs thru 2008


Mark LaPedus
(07/26/2005 2:41 PM EDT)
URL: eetimes.com

SAN JOSE, Calif. — Semico Research Corp.’s new Inflection Point Indicator (IPI) model shows two years of moderate growth for the worldwide semiconductor industry in 2005 and 2006, followed by a strong double-digit upswing in 2007 and 2008.
Semico (Phoenix) continues to forecast worldwide semiconductor revenue shipments will increase by 2.0 percent to $217.3 billion in 2005. Semico developed the IPI model to assist in forecasting semiconductor revenues approximately two quarters in advance.

Looking ahead, the IPI shows early indications that 2006 will be another “moderate” year, with revenues increasing 8.1 percent to $234.9 billion, according to Semico.

The IC market will show stronger growth in 2007 and 2008, which are projected to jump 19.8 percent and 18.1 percent, respectively, according to the research firm.

Semico’s figures are somewhat different than other projections. Recently, the World Semiconductor Trade Statistics (WSTS) group projected that the IC market would reach $226.5 billion in 2005, up 6.3 percent over 2004.

In 2006, the WSTS projected the IC market will hit $238.2 billion, up 5.2 percent over 2005. In 2007, the WSTS projected the IC market will reach $263.3 billion, up 10.5 percent (see May 31 story).


In contrast, at his company’s mid-year forecasting conference, Malcolm Penn, chief executive of Future Horizons, continued to pound the argument for 2005 as a 15 percent growth year for the global semiconductor market and argued that 2006 is likely to be even better, at more than 20 percent annual growth (see July 26 story).

However, in the short term, the market looks flat for 2005, at least according to Semico. Semico’s IPI registered a figure of 15.4 in May of 2005, up from a restated 14.9 number in April.

“Inventory levels have improved, and are now only mildly out of kilter,” according to Semico. “We continue to experience pricing pressures, combined with low capacity utilization. However, end-use market strength is sustaining, preventing prices from collapsing.”

For the remainder of 2005, the state of the industry is best described as “temperate.” Looking ahead, the IPI shows early indications that 2006 will be another moderate year.

“Similar to 2005, we do not expect large fluctuations in quarterly revenue growth in 2006,” according to Semico. “The recovery will experience stronger growth in 2007 and 2008, with each year projected to increase by more than 18 percent; 2007 revenues are expected to escalate 19.8 percent, followed by another relatively strong 18.1 percent growth in 2008.”



To: Kenneth E. Phillipps who wrote (694168)7/27/2005 5:01:26 PM
From: Hope Praytochange  Respond to of 769670
 
worldometers.info