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


To: grampa who wrote (584)10/7/1998 9:03:00 AM
From: SOROS  Respond to of 1151
 
BBC - London - 10/08/98

The United States says its embassy and consulates in Saudi Arabia will close all day on Wednesday after receiving information
they could be targets for an impending terrorist attack.

In a single-page fax sent out by the US Embassy in Riyadh, American citizens living in Saudi Arabia were warned: "The US
government has received information indicating a terrorist attack may be planned on the American Embassy in Riyadh".

The message says the consulates in Jeddah and Dhahran will also be closed to the public on Wednesday to "review present
security measures and to implement physical security enhancements".

Security at US diplomatic and military facilities in Saudi Arabia is already high following the attacks on US embassies in Kenya and
Tanzania in August in which more than 250 died, and the subsequent US reprisal air strikes in Sudan and Afghanistan.

The Clinton administration was criticised at the time of the East Africa bombings for not having taken enough note of a recent threat
against US interests.

'Legitimate target'

Diplomats from other embassies in Riyadh complain that it has become more difficult to get to work due to the security cordon
around the US embassy.

US facilities in Saudi Arabia are thought to be high-risk targets because of the presence of several thousand US air force personnel
at Prince Sultan town airbase south of Riyadh.

The exiled Saudi millionaire, Osama bin Laden - blamed by the United States for a number of attacks - has been quoted as saying
that while the Americans keep troops in Saudi Arabia, their civilians there will be considered legitimate targets.

Although the US embassy in Riyadh declines to give out figures, there are estimated to be around 30,000 US citizens living in Saudi
Arabia, in addition to US military personnel.

The embassy in Riyadh has been surrounded by huge concrete blocks since a 1996 truck bomb outside an American military
barracks in Saudi Arabia left 19 dead.

An attack the previous year against a US military establishment in the country killed seven people.



To: grampa who wrote (584)10/7/1998 9:05:00 AM
From: SOROS  Respond to of 1151
 
BBC- London - 10/07/1998

Governer and presidential hopeful Alexandr Lebed led the protest in Krasnoyarsk

Thousands of workers across Russia have downed tools to protest against unpaid wages and to call for the resignation of President
Boris Yeltsin.

Opposition leaders said the the demonstrations would be the biggest since the collapse of communism.

But indications are that the first protests, in the eastern and central parts of the country, drew only a fraction of the support that had
been predicted.

In the central region of Krasnoyarsk, the protest was led by regional governor Alexandr Lebed, who is known to be planning a bid for
the presidency in 2000.

Many of the protesters following Mr Lebed carried posters calling for President Yeltsin's resignation. Asked whether he shared this
sentiment, Mr Lebed responded: "Power is obliged to serve people, and if it does not cope with this task, it should resign."

The wave of protest has been moving across the Russian time zones, beginning in the Kurile Islands, near Japan.

The giant port of Vladivostok saw the Russian mainland's first protests, with thousands of people waving red communist banners.

The protests were due to begin in Moscow at 1400 local time (1000 GMT).

The Communist Party leader Gennady Zyuganov has estimated 40 million Russians will join the protests.

But BBC Moscow correspondent Alan Little says the first protests numbered in the tens of thousands or possibly hundreds of
thousands - not in the millions.

Don't rock the boat

The new Russian Prime Minister, Yevgeny Primakov, called for discipline from the demonstrators in an eve of rally television speech.

In his first address to the nation, he said he understood the reasons for the protest but urged people not to create trouble.

"I understand that many of those who are going to demonstrate tomorrow (Wednesday) have grounds for dissatisfaction. But I want
to urge everyone, don't rock the boat we're all in - the sea today is too stormy," Mr Primakov said.

The protests have been called by the Communist-led opposition and trades unions demanding back payment of salaries and
pensions.

Food pledge

Mr Primakov pledged to repay pension and wages due "to the last kopeck" and start paying current salaries in full and on time. But
he made it clear the government so far had no comprehensive programme for battling the crisis.

He also said Russians would be "fully provided" with food in the face of the economic crisis.

"August's collapse of the rouble resulted in a major drop in food imports, which amounted to almost half of the products on the
market in recent years," he said.

"The government is negotiating with Ukraine and Belarus for payment of part of their debts with food. Such an agreement has been
achieved," the prime minister added.

"However, we do not plan to stop buying food from abroad."



To: grampa who wrote (584)10/7/1998 9:06:00 AM
From: SOROS  Respond to of 1151
 
The Antichrist HAS a plan Mr. Clinton. When will he appear to let us know what it is?

South China Morning Post - Hong Kong - 10/07/98

DUNCAN HUGHES in Washington

Bill Clinton said yesterday the worst economic crisis in 50 years could be contained by global action, but warned it might still
spread.

The US President, speaking at the International Monetary Fund/World Bank meeting, said: ''We must take steps to help those who
have been hurt by it, limit the reach of it and restore confidence in the global economy.''

World Bank governors, finance leaders, bankers and agencies representing 182 countries were represented at the meeting.

Mr Clinton warned against ''false cures'', such as controls on capital flows and trade protectionism, and urged continuing
liberalisation and reform.

He signalled next month's Asia-Pacific Economic Co-operation forum meeting in Malaysia as an opportunity to ''tear down the
barriers'' obstructing free trade.

The President also called for reforms that would ''tame the pattern of boom and bust on an international scale'' while maintaining
economic growth in the United States and Europe.

Millions of victims of the economic slump in Asia, Russia and Latin America should be given aid to help rebuild their lives and boost
support for the reform measures, he said.

IMF managing director Michel Camdessus told the meeting a global recession could be avoided.

Mr Camdessus said: ''If we keep a steady nerve, if all countries pursue stability, structural adjustment and orderly liberalisation of
their economies, this crisis can be overcome.'' He defended the fund's controversial programmes in Asia and said longer-term
stability would result from repairing shortcomings in the global economy.

World Bank president James Wolfensohn said an estimated 20 million people fell back into poverty in East Asia during the past 12
months because of the regional crisis.

He said the bank's role needed to move beyond projects and crisis firefighting to sustainable development.

He said: ''In the wake of crisis, we need a second framework, one that deals with the projects in structural reforms necessary for
long-term growth, one that includes the human and social accounting ...

''At the bank, we have developed and are experimenting with a new approach one that is not imposed by us on our clients but
developed by them with our help.''

Earlier, Financial Secretary Donald Tsang Yam-kuen proposed a new approach for regulating international capital flows to reduce
the risk of economic crises.

He called on industrialised nations to address immediately the ''crisis of confidence'' eroding the global financial system.

And Mr Tsang urged that the rules of global capital flows to increase regulation and supervision of banks, hedge funds and other
international investors be rewritten. ''There will be angry markets awaiting us if nothing substantive emerges by the time we leave
Washington,'' he said.



To: grampa who wrote (584)10/7/1998 9:07:00 AM
From: SOROS  Respond to of 1151
 
Wall Street Journal - 10/07/98

By JATHON SAPSFORD and DARREN MCDERMOTT Staff Reporters of THE WALL STREET JOURNAL

The U.S. is only now getting a little taste of the credit shortage that has soured business in Asia for a year.

But while the credit crunches in the West and the East share some common roots, Asia's may eventually prove more intractable.
For one thing, a recovery in Asia could take longer because of the low levels of capital at Japanese banks, the region's biggest. For
another, Asia's crunch may feel more acute to its victims: Borrowers are hurting now because they were used to getting more loans
at easier terms than businesses in other regions, particularly the West.

The effects of the Asian credit crunch are everywhere. Last week, the Electricity Generating Authority of Thailand, the state-owned
operator of the national power grid, had trouble raising funds through a syndicated borrowing to be announced Wednesday -- even
though the Thai government and the World Bank offered to guarantee the bond. In Malaysia this summer, communications company
Time Engineering Bhd. and financial-services firm MBF Holdings Bhd. filed for bankruptcy protection from creditors who are
demanding the companies return money or cough up collateral. In Indonesia, the central bank had to spend $11.7 billion to keep the
banking system functioning, but now can't get its money back. Meanwhile, in Japan, 532 businesses have gone bust so far this
year because of the credit squeeze.

Easy Lending Stops

A lack of credit has hammered stock and property markets from Seoul to Singapore. Companies like Hanbo Steel Industry Co. and
Kia Motors Corp., once virtually guaranteed by the South Korean government, sought protection from creditors after banks were
forced to cut them off.

As credit squeezes go, economists say, Asia's is the worst-case scenario. "It's a massive credit crunch," said Richard Koo, senior
economist at Nomura Research Institute in Tokyo. "It's affecting Japan, and it's affecting Asia very, very badly."

Only two years ago, Asia was awash in credit. Outstanding bank loans in South Korea, for example, were double the country's
annual economic output in 1996 -- three times the level of lending typical in Western countries. Banks were competing fiercely to
lend to businesses in Thailand and Indonesia. Lending competition was so stiff that by the time the region's currency crisis and
financial turmoil hit in mid-1997, loan margins in Southeast Asia were often 0.2 percentage point above funding costs -- only
one-tenth of what they were in 1993.

"It was like continuously pumping hot air into a balloon," said Singapore's prime minister, Goh Chok Tong, in a recent speech.
"When creditors and investors realized that profitability margins and returns weren't forthcoming, the panic started. The balloon
burst."

Japan as Destabilizing Factor

It has only gotten worse. Asian countries tend to rely heavily on international lending. But that money is drying up fast. The Bank for
International Settlements said that in the first three months of 1998, cross-border lending to Asian countries, excluding Japan, fell
by $121 billion, or 10%. At that pace, nearly half of the $1 trillion in Asia's outstanding cross-border lending will disappear by the
end of 1998.

The depth of the funding shortage varies from country to country. But the borrowers of Asia share one element: They say the sudden
withdrawal of Japanese funding over the past year has been the biggest destabilizing factor. Japan is the one Asian country rich
enough to get by without foreign money. But the collapse of Japan's real-estate market in the early 1990s left at least $600 billion in
bad loans on bank books.

Constant write-offs of bad loans over the past six years have eroded Japanese bank capital. Regulators were forced to allow banks
to switch to an easier accounting method this year, allowing banks to count more stock holdings toward capital. ING Barings
Securities figures that had regulators not done so only two of Japan's top 19 banks would have met international rules, which require
banks to hold capital equal to 8% of their loans, when the fiscal half year closed on Sept. 30.

Japan's Global Lending Falls

But Japan's lenders are still calling in their loans, not only from Asia but from the entire world. BIS statistics show that Japanese
banks reduced global lending by $244.3 billion in the first quarter of 1998. And that was before the worst of Japan's financial turmoil
hit. The Nikkei 225 stock index has since lost more than a quarter of its value, and each further fall in the Nikkei puts more pressure
on banks to slow lending both at home and abroad.

"The nightmare of a global financial panic, emanating from Japan, is becoming a reality," warned the nation's leading economic
journal, the Nihon Keizai Shimbun, in an extremely rare editorial at the top of its front page Wednesday.

A plan to recapitalize Japan's banks with public money collapsed when the opposition demanded the government put tougher
conditions on its use. The two sides have yet to compromise. Meantime, a government fund of loans for small businesses is slow to
get to those who need it. "They give away loans in a lottery." said Yoshie Moriie, the owner of Joy Kikaku KK, a property company,
to whom private banks won't lend anymore. "I've gone twice now, and drawn the short straw each time."

Not all of Asia is suffering from a credit crunch. China, hoping to reflate its economy and steer clear of the economic crisis creeping
across the globe, has embarked on a spending spree financed through government bonds, bank loans and equity sales. The
government has also cut interest rates five times since April 1996. So far, banks are still lending.

But with bankers elsewhere extending few new loans, governments don't have many solutions. Some countries, such as Indonesia
and Thailand, have effectively nationalized large portions of the banking system, while others, such as Malaysia, have exercised
credit controls to keep money from flowing out of the system. But the greatest hopes for recovery hinge on Japan's reviving its own
banking system and its economy.

--Erik Guyot in Hong Kong and Craig S. Smith in Shanghai contributed to this article.



To: grampa who wrote (584)10/7/1998 9:10:00 AM
From: SOROS  Read Replies (1) | Respond to of 1151
 
Meteoroid Storm May Mean Chaos for World's Satellites

By Patrick Riley

Daring to dispute Bruce Willis, and the rest of the cast of the upcoming film Armageddon, scientists say the real threat to Earth's
near future is not an asteroid slamming into the planet, but a meteoroid storm forecast for this fall that could damage its satellites.

The estimated 500 active satellites in orbit that provide uplinks for communication and research will be "sandblasted" on November
17 by debris from a nearby comet, according to congressional testimony last month by Dr. William Ailor, director of the Center for
Orbital and Re-Entry Debris Studies.

Tempel-Tuttle, the small comet that passed by earlier this year, is trailed by a swarm of dust and sand boiled off the comet by the
sun.

Although the Earth passes through the comet's debris every year, the planet comes closest to the comet itself every 33 years,
resulting in the most intense bombardment — the two to four hour "Leonid" meteoroid storm, so named because it appears to come
from the direction of the constellation Leo.

However, far fewer satellites were in orbit during the last Leonid storm, which struck during the mid-sixties. "This is the first [such
storm] of the modern space age," noted Martin Beech of the Meteor Storm Hazard program in Canada.

The particles of debris will be tiny — no larger than a tennis ball and as small as .01 millimeters — but they will be traveling at a
speed of 72 kilometers per second, more than 100 times faster than a bullet.

"Nearly every satellite will be hit," Ailor told Fox News. "The most likely source of damage will not be from a rock blasting a hole in a
satellite, but rather from a plasma, or free electric charge on the spacecraft" created by the collision, Ailor said before the
Congressional Subcommittee on Space and Aeronautics.

"The charge could cause damage to computers and other sensitive electronic circuits on board the spacecraft, and ultimately cause
the spacecraft to fail," he added.

This occurred in 1993, Ailor noted, when the Perseid meteoroid shower — less intense than a storm — put the European Space
Agency's Olympus satellite out of commission.

Last month, Americans got a taste of the havoc that satellite failure can wreak when one faulty satellite, the Galaxy IV, caused up
to 90 percent of the 45 million pagers used in the United States to go out of service.

PanAmSat, the operator of the satellite, does not attribute the problem to a meteorite. "We believe it was a failure related to the
components in the spacecraft," said Dan Marcus, spokesman for PanAmSat.

The company, which operates 16 satellites and calls itself "the world's largest commercial provider of satellite services," also "does
not believe the Leonid meteor storm poses a significant risk to PanAmSat satellites," according to a written statement.

The company cites the low density of the particles, the short duration of the storm, and the fact that their craft are "designed with
shielding to tolerate collisions with very small particles."

Scientists tend to agree that the effects of the storm will be minimal, and will not likely affect the average earthling. "If it's the
[satellite] that carries MTV, everyone will notice," Beech joked.

Nonetheless, the potential remains for more serious problems, Ailor said, noting that several recommendations have been made to
satellite operators.

"The 'A-team' of controllers should be on duty during the storm, and operators should check the state of health of their satellites
frequently, looking primarily for electrical anomalies and glitches," Ailor said.

He recommends that "recovery plans" be put in place and that satellites be oriented to shield solar panels and other sensitive
components from the onslaught — something NASA plans to do with the Hubbell telescope.

"Each company has their own contingency plans for satellite failure," said Jeff Cohen, spokesman for the Personal Communications
Industry Association, which includes 120 paging companies.

Referring to the Galaxy IV incident, Cohen said, "One of the key lessons that the industry learned was the importance of diversifying
satellite use."

Meanwhile, scientists are hoping to learn from the Leonid storm itself. An "aircraft campaign" currently being planned by several
groups, including NASA and the Search for Extra-Terrestrial Life Institute, would send a number of scientists above the clouds in
planes in November to track and study the Leonid storm.

In addition, Beech and his colleagues plan to use gathered data to develop a computer model of "how the meteor stream itself
changes with time."

"It may also help us to understand whether additional safeguards against the meteoroid impact threat should be included in future
spacecraft designs," Ailor said.

Peter Jenniskens, principal investigator for the campaign and a research scientist at the SETI Institute, said another goal is "to look
for what sort of materials are deposited in the atmosphere from these meteors" and hopefully glean "information about how life
started."



To: grampa who wrote (584)10/7/1998 9:15:00 AM
From: SOROS  Respond to of 1151
 
The Great Superterrorism Scare by Ehud Sprinzak

Last March, representatives from more than a dozen U.S. federal agencies gathered at the White House for a secret simulation to
text their readiness to confront a new kind of terrorism. Details of the scenario unfolded a month later on the front page of the New
York Times: Without warning, thousands across the American Southwest fall deathly ill. Hospitals struggle to rush trained and
immunized medical personnel into crisis areas. Panic spreads as vaccines and antibiotics run short--and then run out. The killer is a
hybrid of smallpox and the deadly Marburg virus, genetically engineered and let loose by terrorists to infect hundreds of thousands
along the Mexican-American border.

This apocalyptic tale represents Washington's newest nightmare: the threat of a massive terrorist attack with chemical, biological,
or nuclear weapons. Three recent events seem to have convinced the policymaking elite and the general public that a disaster is
imminent: the 1995 nerve gas attack on a crowded Tokyo subway station by the Japanese millenarian cult Aum Shinrikyo; the
disclosure of alarming new information about the former Soviet Union's massive biowarfare program; and disturbing discoveries about
the extent of Iraqi president Saddam Hussein'. hidden chemical and biological arsenals. Defense Secretary William Cohen summed
up well the prevailing mood surrounding mass-destruction terrorism: "The question is no longer if this will happen, but when."

Such dire forecasts may make for gripping press briefings, movies, and bestsellers, but they do not necessarily make for good
policy. As an unprecedented fear of mass-destruction terrorism spreads throughout the American security establishment,
governments worldwide are devoting more attention to the threat. But as horrifying as this prospect may be, the relatively low risks
of such an event do not justify the high costs now being contemplated to defend against it. Not only are many of the
countermeasures likely to be ineffective, but the level of rhetoric and funding devoted to fighting superterrorism may actually advance
a potential superterrorist's broader goals: sapping the resources of the state and creating a climate of panic and fear that can
amplify the impact of any terrorist act.

CAPABILITIES AND CHAOS

Since the Clinton administration issued its Presidential Decision Directive on terrorism in June 1995, U.S. federal, state, and local
governments have heightened their efforts to prevent or respond to a terrorist attack involving weapons of mass destruction. A report
issued in December 1997 by the National Defense Panel, a commission of experts created by congressional mandate, calls upon
the army to shift its priorities and prepare to confront dire domestic threats. The National Guard and the U.S. Army Reserve must be
ready, for example, to "train local authorities in chemical- and biological-weapons detection, defense, and decontamination; assist
in casualty treatment and evacuation; quarantine, if necessary, affected areas and people; and assist in restoration of infrastructure
and services." In May, the Department of Defense announced plans to train National Guard and reserve elements in every region of
the country to carry out these directives.

In his 1998 State of the Union address, President Bill Clinton promised to address the dangers of biological weapons obtained by
"outlaw states, terrorists, and organized criminals." Indeed, the president's budget for 1999, pending congressional approval,
devotes hundreds of millions of dollars to superterrorism response and recovery programs, including large decontamination units,
stockpiles of vaccines and antibiotics, improved means of detecting chemical and biological agents and analyzing disease
outbreaks, and training for special intervention forces. The FBI, Pentagon, State Department, and U.S. Health and Human Services
Department will benefit from these funds, as will a plethora of new interagency bodies established to coordinate these efforts. Local
governments are also joining in the campaign. Last April, New York City officials began monitoring emergency room care in search
of illness patterns that might indicate a biological or chemical attack had occurred. The city also brokered deals with drug
companies and hospitals to ensure an adequate supply of medicine in the event of such an attack. Atlanta, Denver, Los Angeles,
San Francisco, and Washington are developing similar programs with state and local funds. If the proliferation of counterterrorism
programs continues at its present pace, and if the U.S. army is indeed redeployed to the home front, as suggested by the National
Defense Panel, the bill for these preparations could add up to tens of billions of dollars in the coming decades.

Why have terrorism specialists and top government officials become so obsessed with the prospect that terrorists, foreign or
homegrown, will soon attempt to bring about an unprecedented disaster in the United States? A close examination of their rhetoric
reveals two underlying assumptions:

The Capabilities Proposition. According to this logic, anyone with access to modem biochemical technology and a college science
education could produce enough chemical or biological agents in his or her basement to devastate the population of London, Tokyo,
or Washington. The raw materials are readily available from medical suppliers, germ banks, university labs, chemical-fertilizer
stores, and even ordinary pharmacies. Most policy today proceeds from this assumption.

The Chaos Proposition. The post-Cold War world swarms with shadowy extremist groups, religious fanatics, and assorted crazies
eager to launch a major attack on the civilized world--preferably on U.S. territory. Walter Laqueur, terrorism's leading historian,
recently wrote that "scanning the contemporary scene, one encounters a bewildering multiplicity of terrorist and potentially terrorist
groups and sects." Senator Richard Lugar agrees: "fanatics, small disaffected groups and subnational factions who hold various
grievances against governments, or against society, all have increasing access to, and knowledge about the construction of,
weapons of mass destruction.... Such individuals are not likely to he deterred . . . by the classical threat of overwhelming
retaliation."

There is, however, a problem with this two-part logic. Although the capabilities proposition is largely valid--albeit for the limited
number of terrorists who can overcome production and handling risks and develop an efficient means of dispersal--the chaos
proposition is utterly false. Despite the lurid rhetoric, a massive terrorist attack with nuclear, chemical, or biological weapons is
hardly inevitable. It is not even likely. Thirty years of field research have taught observers of terrorism a most important lesson:
Terrorists wish to convince us that they are capable of striking from anywhere at anytime, but there really is no chaos. In fact,
terrorism involves predictable behavior, and the vast majority of terrorist organizations can be identified well in advance.

Most terrorists possess political objectives, whether Basque independence, Kashmiri separatism, or Palestinian Marxism. Neither
crazy nor stupid, they strive to gain sympathy from a large audience and wish to live after carrying out any terrorist act to benefit
from it politically. As terrorism expert Brian Jenkins has remarked, terrorists want lots of people watching, not lots of people dead.
Furthermore, no terrorist becomes a terrorist overnight. A lengthy trajectory of radicalization and low-level violence precedes the
killing of civilians. A terrorist becomes mentally ready to use lethal weapons against civilians only over time and only after he or she
has managed to dehumanize the enemy. From the Baader-Meinhoff group in Germany and the Tamil Tigers in Sri Lanka to Hamas
and Hizballah in the Middle East, these features are universal.

Finally, with rare exceptions--such as the Unabomber--terrorism is a group phenomenon. Radical organizations are vulnerable to
carly detection through their disseminated ideologies, lesser illegal activities, and public statements of intent. Some even publish
their own World Wide Web sites. Since the 1960s, the vast majority of terrorist groups have made clear their aggressive intentions
long before following through with violence.

We can draw three broad conclusions from these findings. First, terrorists who threaten to kill thousands of civilians are aware that
their chances for political and physical survival are exceedingly slim. Their prospects for winning public sympathy are even slimmer.
Second, terrorists take time to become dangerous, particularly to harden themselves sufficiently to use weapons of mass
destruction. Third, the number of potential suspects is significantly less than doomsayers would have us believe. Ample early
warning signs should make effective interdiction of potential superterrorists easier than today's overheated rhetoric suggests.

THE WORLD'S MOST WANTED

Who, then, is most likely to attempt a superterrorist attack? Historical evidence and today's best field research suggest three
potential profiles:

Religious millenarian cults, such as Japan's Aum Shinrikyo, that possess a sense of immense persecution and messianic frenzy
and hold faith in salvation via Armageddon. Most known religious cults do not belong here. Millenarian cults generally seclude
themselves and wait for salvation; they do not strike out against others. Those groups that do take action more often fit the mold of
California's Heaven's Gate, or France's Order of the Solar Temple, seeking salvation through group suicide rather than massive
violence against outsiders.

Brutalized groups that either burn with revenge following a genocide against their nation or face the prospect of imminent
destruction without any hope for collective recovery. The combination of unrestrained anger and total powerlessness may lead such
groups to believe that their only option is to exact a horrendous price for their loss. "The Avengers," a group of 50 young Jews who
fought the Nazis as partisans during World War II, exemplifies the case. Organized in Poland in 1945, the small organization
planned to poison the water supply o f four German cities to avenge the Holocaust. Technical problems foiled their plan, but a small
contingent still succeeded in poisoning the food of more than 2,000 former SS storm troopers held in prison near Nuremberg.

Small terrorist cells or socially deranged groups whose alienated members despise society, lack realistic political goals, and may
miscalculate the consequences of developing and using chemical or biological agents. Although such groups, or even individual
"loners," cannot be totally dismissed, it is doubtful that they will possess the technical capabilities to produce mass destruction.

Groups such as Hamas, Hizballah, and Islamic Jihad, which so many Americans love to revile--and fear--do not make the list of
potential superterrorists. These organizations and their state sponsors may loathe the Great Satan, but they also wish to survive
and prosper politically. Their leaders, most of whom are smarter than the Western media implies, understand that a Hiroshima-like
disaster would effectively mean the end of their movements.

Only two groups have come close to producing a superterrorism catastrophe: Aum Shinrikyo and the white supremacist and
millenarian American Covenant, the Sword and the Arm of the Lord, whose chemical-weapons stockpile was seized by the FBI in
1985 as they prepared to hasten the coming of the Messiah by poisoning the water supplies of several U.S. cities. Only Aum
Shinrikyo fully developed both the capabilities and the intent to take tens of thousands of lives. However, this case is significant not
only because the group epitomizes the kind of organizations that may resort to superterrorism in the future, but also because Aum's
fate illustrates how groups of this nature can be identified and their efforts preempted.

Although it comes as no comfort to the 12 people who died in Aum Shinrikyo's attack, the cult's act of notoriety represents first and
foremost a colossal Japanese security blunder. Until Japanese police arrested its leaders in May 1995, Aum Shinrikyo had neither
gone underground nor concealed its intentions. Cult leader Shoko Asahara had written since the mid-1980s of an impending cosmic
cataclysm. By 1995, when Russian authorities curtailed the cult's activities in that country, Aum Shinrikyo had established a
significant presence in the former Soviet Union, accessed the vibrant Russian black market to obtain various materials, and
procured the formulae for chemical agents. In Japan, Asahara methodically recruited chemical engineers, physicists, and biologists
who conducted extensive chemical and biological experiments in their lab and on the Japanese public. Between 1990 and 1994, the
cult tried six times--unsuccessfully--to execute biological-weapons attacks, first with botulism and then with anthrax. In June 1994,
still a year before the subway gas attack that brought them world recognition, two sect members released sarin gas near the judicial
building in the city of Matsumoto, killing seven people and injuring 150, including three judges.

In the years preceding the Tokyo attack, at least one major news source provided indications of Aum Shinrikyo's proclivity toward
violence. In October 1989, the Sunday Mainichi magazine began a seven-part series on the cult that showed it regularly practiced a
severe form of coercion on members and recruits. Following the November 1989 disappearance of a lawyer, along with his family,
who was pursuing criminal action against the cult on behalf of former members, the magazine published a follow-up article. Because
of Japan's hypersensitivity to religious freedom, lack of chemical- and biological-terrorism precedents, and low-quality domestic
intelligence, the authorities failed to prevent the Tokyo attack despite these ample warning signs.

ANATOMY OF AN OBSESSION

lf a close examination reveals that the chances of a successful superterrorist attack are minimal, why are so many people so
worried? There are three major explanations:

Sloppy Thinking

Most people fail to distinguish among the four different types of terrorism: mass-casualty terrorism, state-sponsored chemical- or
biological-weapons (CBW) terrorism, small-scale chemical or biological terrorist attacks, and superterrorism. Pan Am 103,
Oklahoma City, and the World Trade Center are all examples of conventional terrorism designed to kill a large number of civilians.
The threat that a "rogue state," a country hostile to the West, will provide terrorist groups with the funds and expertise to launch a
chemical or biological attack falls into another category: state-sponsored CBW terrorism. The use of chemical or biological weapons
for a small-scale terrorist attack is a third distinct category. Superterrorism--the strategic use of chemical or biological agents to
bring about a major disaster with death tolls ranging in the tens or hundreds of thousands--must be distinguished from all of these
as a separate threat.

Today's prophets of doom blur the lines between these four distinct categories of terrorism. The world, according to their logic, is
increasingly saturated with weapons of mass destruction and with terrorists seeking to use them, a volatile combination that will
inevitably let the superterrorism genie out of the bottle. Never mind that the only place where these different types of terrorism are
lumped together is on television talk shows and in sensationalist headlines.

In truth, the four types of terrorism are causally unrelated. Neither Saddam Hussein's hidden bombs nor Russia's massive
stockpiles of pathogens necessarily bring a superterrorist attack on the West any closer. Nor do the mass-casualty crimes of
Timothy McVeigh in Oklahoma City or the World Trade Center bombing. The issue is not CBW quantities or capabilities but rather
group mentality and psychological motivations. In the final analysis, only a rare, extremist mindset completely devoid of political and
moral considerations will consider launching such an attack.

Vested Interests

The threat of superterrorism is likely to make a few defense contractors very rich and a larger number of specialists moderately rich
as well as famous. Last year, Canadian-based Dycor Industrial Research Ltd. unveiled the CB Sentry, a commercially available
monitoring system designed to detect contaminants in the air, including poison gas. Dycor announced plans to market the system
for environmental and antiterrorist applications. As founder and president Hank Mottl explained in a press conference, "Dycor is
sitting on the threshold of a multi-billion dollar world market." In August, a New York Times story on the Clinton administration's
plans to stockpile vaccines around the country for civilian protection noted that two members of a scientific advisory panel that
endorsed the plan potentially stood to gain financially from its implementation. William Crowe, former chair of the joint chiefs of staff,
is also bullish on the counterterrorism market. He is on the board of an investment firm that recently purchased Michigan Biologic
Products Institute, the sole maker of an anthrax vaccine. The lab has already secured a Pentagon contract and expects buyers from
around the world to follow suit. As for the expected bonanza for terrorism specialists, consultant Larry Johnson remarked last year
to U.S. News & World Report, "It's the latest gravy train."

Within the U.S. government, National Security Council experts, newly created army and police intervention forces, an assortment of
energy and public-health units and officials, and a significant number of new Department of Defense agencies specializing in
unconventional terrorism will benefit from the counterterrorism obsession and megabudgets in the years ahead. According to a
September 1997 report by the General Accounting office, more than 40 federal agencies have been involved already in combating
terrorism. It may yet be premature to announce the rise of a new "military-scientific-industrial complex," but some promoters of the
superterrorism scare seem to present themselves as part of a coordinated effort to save civilization from the greatest threat of the
twenty-first century.

Morbid Fascination

Suspense writers, publishers, television networks, and sensationalist journalists have already cashed in on the superterrorism
craze. Clinton aides told the New York Times that the president was so alarmed by journalist Richard Preston's depiction of a
superterrorist attack in his novel The Cobra Event that he passed the book to intelligence analysts and House Speaker Newt
Gingrich for review. But even as media outlets spin the new frenzy out of personal and financial interests, they also respond to the
deep psychological needs of a huge audience. People love to be horrified. In the end, however, the tax-paying public is likely to be
the biggest loser of the present scare campaign. All terrorists--even those who would never consider a CBW attack--benefit from
such heightened attention and fear.



To: grampa who wrote (584)10/7/1998 9:22:00 AM
From: SOROS  Read Replies (1) | Respond to of 1151
 
I have contended for a long time that if Y2K hits our banks hard enough, we will see:

A rush to withdraw dollars before the banks collapse
Forced limits on withdrawals
A possibly issuing of new currency at mandated, rip-off exchange rates

And one of the main criticisms of the Y2K preparedness people has been that the above scenario could never happen.

Guess what? Today, as reported by the Washington Post, Russian Citizens are seeing:

A rush to withdraw dollars before the banks collapse
Forced limits on withdrawals
A mandated exchange rate with the U.S. dollar at rip-off exchange rates

Sounds familiar. And just a few short years ago, Russians took great pride in belonging to one of the strongest, most stable
countries in the world. Things can certainly change fast.

Still, I hear the argument that this could never happen in the United States. Hogwash. Nobody can say it can't possibly happen. At
the same time, no one can predict it will happen either. And that's the point: WE DON'T KNOW. Nobody knows for sure, and from
what I can tell, when you don't know for sure, you should
prepare
for the likely possibilities, just in case.

That's what Y2K preparedness is all about. Nobody knows for sure whether the railroad, the banks, the IRS, and the power grid are
all going down. At the same time, nobody can say with certainty they will stay up either. And in the absence of certainty, we all buy
insurance.

Funny how most of us own life insurance, health insurance, and auto insurance, but almost nobody owns any food insurance. How
do you buy food insurance? Just stock up on a little extra food. Nobody owns money insurance either. What is money insurance?
It's owning a little extra gold, silver, or stashing a little currency under your mattress. You don't need a policy; you just need a little
Boy Scout preparedness.

The main argument that the U.S. could never experience the bank situation mentioned above is often based on the now-monotonous
statement, "The economy is good!" Is it really? I suppose it depends on what figures you consider. For certain, the economy
SEEMS good, but you can slap new paint on a junker car, too, and sell it for twice as much. The real question concerns the
underlying structural strength
of the economy. And when you look at those numbers, they get pretty scary.

Just a few, for example:

The United States owes more money to money people than any other country in the history of civilization. It's the National Debt,
and too many people confuse "national debt" and "balanced deficit." Sure, the budget may be balanced, but the debt still exists. In
fact, since Bill Clinton has been in office, the national debt has increased by over $660 million dollars A DAY on average. But you
sure won't hear Mike McCurry making any statements about it. They're trying to sweep $5.5 TRILLION dollars of debt under the rug
while claiming our economy is great!

Think about it. If your neighbor makes $50k a year but spends $100k a year buying a nice house, big boat, luxury car, and throwing
lots of expensive parties, you might say, "Gee, his economy is great!" And it would appear so, on the outside. But underneath, he's
going into debt at a quickening pace. In the end, the party can't last.

Personal bankruptcies are at record levels

The dollar has lost almost 90% of its value since the 1940's

Real wages have been dropping since 1956

The stock market "boom" is based on pure speculation, not fundamental profitability

Banks are making
deperate
loans to create another round of profits: like the 125% home equity loans to people with bad credit

.. and so on. These are not signs of a "good economy," no matter what the spinmeisters insist. But they
are
signs of a really fun, wild, expensive party. When that party ends and the bill arrives, things will look a lot different.

Sure, there are good signs, too. Unemployment is very low, the GDP continues to rise, and we're not seeing any bank collapses in
1998. These are good signs, but they hardly wipe out the $5.5 trillion national debt or the other facts mentioned above.

As we head towards Y2K, I hope you'll do your own research and uncover
all
the facts here in order to make your own decision. If you rely purely on the mainstream media and the politicians to tell you
everything is OK, you're probably not getting the full picture. For example, how often have you heard in the past year about the
still-existent $5.5 trillion national debt? Almost never, right? That's because the National Debt is incompatible with their "strong
economy," so they just remove it from your view. As long as they don't remind you, and they keep chanting, "balanced budget!"
most Americans will think the debt is all paid off. It is based on that kind of subterfuge that most people believe the events
happening in Russia right now could never strike the USA.

I humbly beg to differ.

- Mike Adams



To: grampa who wrote (584)10/7/1998 9:22:00 AM
From: SOROS  Read Replies (1) | Respond to of 1151
 
y2ksupply.com