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Strategies & Market Trends : Waiting for the big Kahuna -- Ignore unavailable to you. Want to Upgrade?

To: William H Huebl who wrote (27512)	9/12/1998 7:38:00 AM
From: GROUND ZERO™	Read Replies (1) \| Respond to of 94695

Bill, I agree, a leopard can't rearrange his spots. But, I do believe in genuine repentance. He may have learned his lesson that adultery is really a high crime, one of the highest, a violation of western spiritual law, and his punishment is immediate and obvious, and public because of his position. The market here looks forgiving. Sorry for the mini-sermon, but that's my take on Clinton's big Kahuna. (no pun intended) ouch. GZ

To: William H Huebl who wrote (27512)	9/12/1998 8:58:00 AM
From: flickerful	Read Replies (1) \| Respond to of 94695

commentary. brazil devaluation? ft 9.12.98 BRAZIL: Threat of devaluation By raising interest rates to nearly 50 per cent, Brazil has temporarily staved off the threat of devaluation. With the country's foreign reserves, previously seen as its main buffer against a full-blown crisis, depleting at a rate of more than $1bn a day, something had to be done to stop the capital flight. But high rates on their own will not be enough. Drastic action is needed to tackle the underlying fiscal deficit. The recent combination of piecemeal fiscal measures and tight monetary policy is failing to put an end to the red ink: the spending cuts are disappearing into the hole of higher interest costs on Brazil's $300bn of domestic debt. President Fernando Henrique Cardoso is in a tricky position. The sort of bumper fiscal package needed - even if he took the political risk of announcing it ahead of next month's election - would have to be approved by the new government. Appeals for foreign support may also be doomed. Brazil would probably benefit from a US-led international bail-out, allowing it to refinance its massive burden of short-term debt. But, given the crisis in the White House, the Clinton administration is hardly likely to risk pushing a potentially expensive and controversial plan to help a country most Americans do not care about. The best Brazil can hope for is that Mr Cardoso will win the election, rapidly implement a big fiscal package and refinance its debt. But given the financial turmoil elsewhere in the world, a forced devaluation cannot be ruled out.

To: William H Huebl who wrote (27512)	9/12/1998 9:14:00 AM
From: flickerful	Read Replies (3) \| Respond to of 94695

south china post/ASSOCIATED PRESS in Washington Updated at 1.47pm, Saturday Lawyers say Starr's case strongest on perjury Independent Counsel Kenneth Starr's report on the Lewinsky affair makes a solid case that President Bill Clinton had a sexual relationship and lied about it, but Mr Starr is on shakier ground when he alleges obstruction of justice and witness tampering, legal analysts said. Lawyers said Mr Starr's case is strongest when detailing numerous visits, phone calls, notes and gifts Mr Clinton shared with Monica Lewinsky, or such physical evidence as the blue dress stained by what the FBI lab concluded was almost surely Mr Clinton's semen. The case is weakest when dealing with allegations that Mr Clinton tried to get others to lie for him, lawyers said on Friday. Mr Clinton's own admissions probably establish ''substantial and credible'' evidence of sex and lies, even before Mr Starr's voluminous documentation of where and when Mr Clinton was alone with Ms Lewinsky and the account of discrepancies in their testimony, lawyers said. ''He lied in the (Paula Jones) deposition and he lied to the grand jury,'' said Peter F. Rient, who was an assistant prosecutor in the House Watergate investigation in 1974, before reading the report. Mr Clinton is apparently in greatest danger when his own statements are compared against one another or against the testimony of others. When he admitted an affair in his testimony last month before a grand jury, after months of denial, ''at that point the rubber plainly hits the road,'' said Eric M. Freedman, a Hofstra University law professor. But lawyers for Mr Clinton vigorously attacked the Starr report as one-sided and fixated on sexual details. Mr Clinton's personal attorney, David Kendall, faced reporters shortly after the report's public release to insist Mr Clinton did nothing wrong apart from engaging in and trying to conceal the affair. ''No amount of gratuitous allegations about his relationship with Ms Lewinsky, no matter how graphic, can alter the fact that the president did not commit perjury, he did not obstruct justice, he did not tamper with witnesses, and he did not abuse the power of his office,'' Mr Kendall said. Mr Clinton is not facing criminal charges and Mr Starr's documentation of alleged perjury, obstruction of justice and witness tampering puts Mr Clinton in no legal peril. Congress will decide whether Mr Starr's allegations - which are similar to a highly detailed criminal indictment - merit an impeachment case against Mr Clinton. Mr Clinton is accused of misleading his aides, knowing they would then testify falsely to a grand jury investigating the Lewinsky case. He is also accused of trying to influence others' testimony in the Paula Jones sexual harassment case against him that begat the Lewinsky investigation. But Mr Starr does not nail Mr Clinton with an explicit example of Mr Clinton telling anyone to lie, lawyers pointed out.