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Politics : Clinton -- doomed & wagging, Japan collapses, Y2K bug, etc -- Ignore unavailable to you. Want to Upgrade?

To: Bill Grant who wrote (400)	9/20/1998 2:09:00 PM
From: KIWI	Respond to of 1151

Hi Bill I agree with you that the IMF needs to be completely revamped. Take for example the IMF encouraged Mexico to replace its vital crops (eg maize)with cash crops- like strawberries and exotic fruits. The IMF also made sure that any trade protection for the country's agricultural goods was lifted. So Mexico's export crops now compete with those from the USA, which,as in many northern countries, are highly subsidised and protected, using all available techniques to improve their quality. Mexico now has to import 20% of its maize from the USA, 20% of mexicans have no cash income, and more than 30%make less than the minimum wage of $3 a day

To: Bill Grant who wrote (400)	9/20/1998 10:47:00 PM
From: SOROS	Respond to of 1151

Sudan Says US Threatened 2nd Attack By Mohamad Osman Associated Press Writer Sunday, September 20, 1998; 12:14 p.m. EDT KHARTOUM, Sudan (AP) -- President Omar el-Bashir said Sunday that Washington has threatened to launch another strike against Sudan if U.S embassies are attacked again. Speaking at a rally of thousands of people marking one month since a U.S. missile strike against a factory in the Sudanese capital, Khartoum, the president said the threat was made in an unsigned letter he received from the U.S. administration. He gave no details, but warned that his government would respond. U.S. officials were not immediately available for comment. A Sudanese parliamentary official said the alleged written threat from Washington was handed to el-Bashir by a former senior Sudanese official. The official, speaking on condition of anonymity, did not say when the message was received. ''Welcome to a second and third strike. But next time we will not go to the Security Council ... We will reserve the right to respond and our response will be very painful,'' el-Bashir told the rally. Washington claimed the plant produced chemical weapons agents. But Sudan, which insisted the factory produced only pharmaceuticals, called for a U.N. Security Council investigation. Mohammed el-Hassan Amin, head of the political section of the ruling National Congress party, said Saturday that the alleged U.S. message also accused Khartoum of hosting groups loyal to Saudi dissident Osama Bin Laden. Washington also attacked what it called Bin Laden's training camp in Afghanistan, accusing the Saudi dissident of being behind the bombings of U.S. embassies in Kenya and Tanzania on Aug. 7. El-Bashir pledged the destroyed plant would remain untouched as a reminder of the ''American aggression.'' Protesters burned a U.S. flag as verses from the Muslim holy book of Koran were read over loudspeakers. A poster pasted to a truck depicted a donkey with a face of President Clinton with former White House intern Monica Lewinsky mounted on its back. Lewinsky is at the center of a sex scandal with Clinton. Former U.S. Attorney General Ramsey Clark, who attended the rally, apologized for the U.S. missile strike and urged the United Nations to send an inspection team to determine whether the plant produced chemical weapons agents.

To: Bill Grant who wrote (400)	9/20/1998 10:53:00 PM
From: SOROS	Respond to of 1151

IN BED WITH THE COMMUNISTS -- TELLS WHERE THE HEART IS South China Morning Post Fallout from Clinton woes worries Jiang SIMON BECK in New York and WILLY WO-LAP LAM President Jiang Zemin has asked China's diplomats to ensure that relations with the US do not suffer as a result of the sex scandal surrounding President Bill Clinton. Later this month, Foreign Minister Tang Jiaxuan will make an unscheduled visit to Washington to meet senior US officials. Diplomatic sources in Beijing said Mr Jiang had privately expressed concern that achievements scored in the two Sino-US presidential summits would be jeopardised if Mr Clinton's political fortunes worsened. "Jiang is particularly worried about private and unofficial pledges that Clinton made in connection with Taiwan," a diplomatic source said. "Beijing is also afraid 'anti-Chinese' congressmen would take advantage of the sex scandal to revise Clinton's friendly policy towards China." Mr Jiang has reportedly instructed Mr Tang and other officials to ensure that achievements in bilateral ties will stay irrespective of Mr Clinton's fate. The mainland media has played up the meeting on Wednesday between General Zhang Wannian and Mr Clinton. Xinhua quoted Mr Clinton as saying the momentum of the two presidential summits must be maintained. Mr Tang, who is visiting New York next week for the United Nations General Assembly, has been invited to Washington. He was originally due to meet Secretary of State Madeleine Albright in New York for side talks, as is routinely the case during the annual UN session. But the two sides have agreed to shift the talks to Washington and give Mr Tang access to other administration officials, effectively upgrading the meetings. Sources in the United States said part of the reasoning for elevating the importance of the meetings was because American officials were fearful of letting the momentum gained in the June summit in Beijing slide. Human rights is one key area where little has been achieved. The talks will also begin to lay the groundwork for another meeting between presidents Jiang and Clinton - on the sidelines of the Asia-Pacific Economic Co-operation forum leaders meeting in November in Kuala Lumpur. A visit to the US by Premier Zhu Rongji , originally slated for late this year, was now unlikely to take place until 1999, according to another official.

To: Bill Grant who wrote (400)	9/20/1998 11:21:00 PM
From: SOROS	Read Replies (1) \| Respond to of 1151

From Dr. Ed Yardeni: In my opinion, the global economy is slipping into a recession. This is confirmed by falling commodity prices. The recession could become a depression, i.e., a recession which does not respond to easy monetary policy. By this definition, Japan is in a depression with the bond yield there recently falling under 1% and an overnight rate of 0.25%. Indeed, Japan is the epicenter of global deflation and could cause a global depression much as the US did so in the 1930s when we passed the Smoot-Hawley Tariff during June 1930. Today's global-commerce-killer is the collapse of Japan's banking system, which is causing a deadly global credit crunch. Japan's depression is likely to push US and Europe into recessions late next year.