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

To: wallstreeter who wrote (506)	9/29/1998 8:06:00 PM
From: SOROS	Read Replies (1) \| Respond to of 1151

Dear wallstreeter, This is true, but even if one knows the general time frame, one could still get run over by a truck, so living right should always be in the mind. I remain, SOROS ps "Yes but "the time is near" was written almost 2000 years ago." -- To God, a thousand years is like a day. Compared to eternity, what's a couple of thousand years?

To: wallstreeter who wrote (506)	9/29/1998 8:13:00 PM
From: SOROS	Respond to of 1151

NEW YORK (AP) — Shaken by global economic and political turmoil, Americans' confidence in the U.S. economy fell for the third straight month in September. The Conference Board reported Tuesday that its index of consumer confidence fell 7.1 points to 126 in September from a revised 133.1 in August. The index is down 12.2 points from its 29-year high in June. September's decline was larger than Wall Street analysts had expected and the biggest monthly drop since January. It brings the index to its lowest level since October 1997. "We are beginning to see the financial ails of others arrive at the shores of the U.S., and that will result in some degree of slowing of the economy,'' said Dan Seto, an economist at Nikko Securities International Co. "Consumers realize this and they are just becoming a bit more cautious.'' The report comes amid increasing signs of a slowing U.S. economy as a result of the economic crises in Asia and Russia, which are now threatening to spread to Latin America. On Tuesday, the Federal Reserve cut short-term interest rates by a quarter-percentage point — the first reduction in nearly three years — in hope of cushioning the U.S. economy against the financial turmoil. Consumer confidence is an important economic indicator since consumer spending accounts for two-thirds of the nation's overall economic activity. In the Conference Board report, fewer Americans said they would buy a car or a major appliance in coming months, while more expected business conditions to worsen, incomes to fall and fewer jobs to be available. The volatility in global stock markets, as well as the uncertainty over President Clinton's future, contributed to consumers' concerns. The consumer confidence index, started in 1967, is compiled from responses to questions sent to 5,000 households nationwide. The index compares results to its base year, 1985, when it stood at 100.

To: wallstreeter who wrote (506)	9/29/1998 8:15:00 PM
From: SOROS	Respond to of 1151

Reuters UNITED NATIONS, New York - Iraq's deputy prime minister, Tariq Aziz, on Monday refused to lift his ban on intrusive UN arms inspections, saying Baghdad should not be asked to make concessions before a comprehensive review of its relations with the United Nations takes place. ''The idea that Iraq should do this or that concession before the comprehensive review takes place is not legal and is not logical,'' he said after a meeting with the UN secretary-general, Kofi Annan. Mr. Aziz, who arrived over the weekend, discussed with Mr. Annan a ''comprehensive review'' of Iraq's relations with the United Nations proposed by the UN chief and Security Council members. But the council insists that Iraq rescind its decision not to cooperate with the inspectors before any review. Iraq suspended inspections by UN arms experts on Aug. 5, prompting the council on Sept. 9 to stop its periodic reviews of the sanctions until Baghdad reversed its stand. In response, Iraq has threatened to break off all cooperation with the inspectors, including closing down arms monitoring systems, until the council rescinds its resolution. Mr. Aziz said Mr. Annan made a series of proposals and that a ''meeting of the minds is close.'' But asked specifically about lifting the Aug. 5 ban, he said: ''Don't limit it to that very narrow question. We are discussing a much wider issue - what has been achieved in seven-and-a-half years and what the Security Council has to do in the course of lifting the sanctions. ''Therefore the idea that Iraq should do this or that concession before the comprehensive review takes place is not legal and is not logical,'' Mr. Aziz said, adding that he would meet Mr. Annan again by the end of the week.