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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum -- Ignore unavailable to you. Want to Upgrade?


To: TobagoJack who wrote (8827)9/1/2006 10:18:01 AM
From: foundation  Read Replies (1) | Respond to of 217669
 
re: to keep me cool

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J -- why is it that when I stuff my pockets with gold coins and silver bars, I can jump higher and run faster? ...:-)



To: TobagoJack who wrote (8827)9/1/2006 11:26:47 AM
From: Slagle  Read Replies (1) | Respond to of 217669
 
TJ,
Watch JEF and LEH. I'm short JEF @ 25.41 and looking for a bounce to 64-65 to short LEH.

Thanks for the heads up on GES.
Slagle



To: TobagoJack who wrote (8827)9/1/2006 6:54:52 PM
From: elmatador  Read Replies (1) | Respond to of 217669
 
Carter to Meet with Former Iran President Khatami State Department is reported to have issued Khatami a diplomatic visa, which means that he will neither be searched nor fingerprinted upon his entry into the US.

Carter to Meet with Former Iran President Khatami
September 01, 2006 10:02 AM EST

By Sher Zieve – Former Democrat President Jimmy Carter has scheduled a meeting with former Iranian President Mohammad Khatami. Carter is said to have used his influence to allow the former Iranian leader into the country. The US State Department is reported to have issued Khatami a diplomatic visa, which means that he will neither be searched nor fingerprinted upon his entry into the US.

Carter is said to have been single-handedly responsible for the downfall of the Shah of Iran, which lead to the 1979 Iranian Islamic fundamentalist revolution and its takeover of the US Embassy in Iran in 1979. After the embassy’s takeover, US hostages were held for 444 days.

The hostages were finally released, 20 minutes after President Ronald Reagan gave his inaugural address.



To: TobagoJack who wrote (8827)9/1/2006 7:09:23 PM
From: elmatador  Read Replies (2) | Respond to of 217669
 
Common trade currency, which would eventually replace the US dollar

Trade common currency in Mercosur’s agenda

Mercosur and associate member countries Finance ministers are scheduled to meet next Friday in Rio do Janeiro to address among other issues the possibility of issuing a common trade currency, which would eventually replace the US dollar.



The Brazilian Finance Ministry which is hosting the meeting said a trade common currency would help promote cooperation and trade in the region.
Participating at the gathering will be ministers from the five Mercosur full members, Argentina, Brazil, Paraguay, Uruguay and Venezuela, as well the five associated members, Bolivia, Colombia, Chile, Ecuador and Peru reported a Brazilian official from the Ministry of Finance.

The use of local currencies in regional trade was discussed originally at the 30th Mercosur advisory council meeting of Finance ministers and Central Bank presidents last July in Cordoba, Argentina.

According to the Buenos Aires financial press discussions on the issue have advanced between Brazil and Argentina, the two largest members of Mercosur which have a bilateral trade that reached 16 billion US dollars in 2005.

"The Argentine exporter, for example, has to convert pesos into dollars and dollars into reais. We would like to conduct direct operations with our currencies" Brazilian Finance Minister Guido Mantega said at the July meeting.

Mantega argues that replacing the US dollar in business transactions would help reduce costs, diminish pressure on exchange rates and strengthen local currencies.

The meeting scheduled for this Friday in Rio will aim to "strengthen even more regional integration of Mercosur and unite efforts to seek common denominators in the political, economic and financial areas", reads the official release. However analysts point out that a better coordination of macro-economic policies between member countries will be needed before reaching the stage of a common currency.

Other issues in the Friday agenda include deciding on a common Mercosur position ahead of the resumption of the World Trade Organization Doha Round talks as well as with the coming restructuring of the International Monetary Fund.

Argentine president Nestor Kirchner’s administration which had an ongoing acrimonious dispute with the IMF until it cancelled all pending credits would like “social investments” to be included as valid outlays in the regular reviews undertaken by the multilateral organization, plus more flexible access to contingency funds when moments of financial and monetary turbulences.

Brazil and Argentina which have virtually no pending repayments with the IMF are in a more solid position to discuss but Mercosur junior members Paraguay and Uruguay, highly dependent on IMF credits, don’t see things the same way.

Apparently Argentina and Brazil are willing to establish an economic development fund with an initial capital of 100 million US dollars to help Paraguay and Uruguay follow on the strategy of the senior Mercosur members.