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


To: Sidney Reilly who wrote (603)10/8/1998 1:00:00 PM
From: SOROS  Respond to of 1151
 
Will world take economy's get-well pill?

This is not 1929.

Back then world leaders didn't have a clue how to stop the global economy from unraveling and, in fact, took many steps that
aggravated rather than alleviated a disaster that led to the Great Depression.

Today, faced with a global economic crisis that refuses to go away, world leaders say they have a strategy and an arsenal of
weapons for averting a financial meltdown.

But the question, experts say, is whether they can muster the leadership and political muscle needed to carry it out.

Some of the pieces finally may be falling into place. But much remains to be done, and the longer the wait, the worse the crisis gets
and the bigger the chance that the world economy will indeed suffer a catastrophe not seen since the 1930s, experts say.

''Today the world faces perhaps its most serious financial crisis in a half-century,'' President Clinton said at the annual meeting
Tuesday of the International Monetary Fund and World Bank. ''It is time for decisive action.''

Clinton has tried to take the lead in confronting the crisis. But his ability to deliver strong leadership has been impeded by the sex
scandal that has raised the threat of his impeachment by the U.S. House of Representatives.

The strategy that Clinton and other world leaders want to put in place is a straightforward one. Spur economic growth in the United
States, Japan and other industrial countries. Wall off Latin America from the financial crisis that started 15 months ago in Asia and
then spread to Russia. Help battered Asian economies such as Thailand and South Korea work out of crushing debt burdens and
get back on their feet. And finally, make major changes in the global financial system to avoid what Clinton called ''the boom-bust
cycle'' of the past.

But the devil, and the difficulties and differences, are in the details.

A lot is at stake for the USA. The economy is already feeling the drag of a sharp drop in exports to Asia, which account for 30% of
U.S. shipments overseas. A Treasury Department study released Tuesday showed that no state will escape unscathed. California,
the nation's No. 1 exporter to Asia, saw sales to Asia fall 11% the first three months of this year vs. the same period a year ago.

Treasury Secretary Robert Rubin told USA TODAY that he still expects the U.S. economy to avoid a recession and continue to rack
up solid growth. But he acknowledges that ''certain sectors are being affected substantially. The risk is if it gets worse, it will have a
greater effect.''

Rubin says the series of high-level international meetings in Washington in recent days has raised policymakers' awareness of how
serious the situation is. ''I think the meetings really did increase substantially the sense of urgency on the part of a lot of people,'' he
says.

But experts say what counts now are actions, not words, and that policymakers must move quickly to turn their four-pronged
strategy for combating the crisis into reality.

Where the strategy stands:

Promoting growth in the industrial world. Japan, which has the most serious problems among rich countries, has most to do. Its
banking system is in tatters, riven with as much as $1 trillion in bad loans. Its economy, says Kenneth Courtis, Deutsche Bank
Group's strategist in Tokyo, ''is inches away from sliding into a 1930s depression.''

The remedy: pump tens of billions of dollars of government money into the battered banking system, slash taxes and boost public
spending. But the government is hamstrung. Prime Minister Keizo Obuchi has the lowest opinion-poll ratings ever of any modern
Japanese leader because taxpayers oppose spending public money on politically well-connected banks.

In the USA, the Federal Reserve cut interest rates last week for the first time in nearly three years. But the quarter-percentage point
cut, experts say, is not nearly enough to protect an already-slowing economy from the impact of the global turmoil and a worldwide
credit crunch.

The trouble is that central bank chairman Alan Greenspan faces opposition to more dramatic action from anti-inflation hawks at the
Fed who worry the USA's low unemployment rate of 4.6% portends higher wages and rising price pressures. Experts are betting
Greenspan will prevail, with more rate cuts coming soon.

French Finance Minister Dominique Strauss-Kahn says the USA could use its big government budget surplus to stimulate the
economy. Clinton rejected that suggestion in his speech to the IMF Tuesday.

In Europe, too, central banks are moving to cut interest rates. Spain cut rates half a percentage point Tuesday. But further cuts in
the region could be limited by a desire to keep inflation at bay until the launch of Europe's new single currency, the euro, next year.

Shelter Latin America from the global turmoil. Brazil is the key. It has the region's largest economy and is one of the countries most
susceptible to the crisis that has already ravaged Southeast Asia. Global speculators have made Brazil's currency and stock
market their latest target, jeopardizing the nation's financial stability.

Experts say Sunday's re-election of president Fernando Henrique Cardoso opens the door for Brazil to take difficult steps to defend
its currency by hacking away at its broad-based budget deficit, which amounts to 7% of the economy. But the surprisingly strong
showing of populist leader Luiz Inacio Lula da Silva in Sunday's polls raises questions about how tough Cardoso can be.

If Cardoso goes ahead, as is expected, the IMF is expected to forge a $30 billion financing package to help support Brazil through
its woes.

Argentine President Carlos Menem told reporters Tuesday he expects Brazil and the IMF to announce a big aid package next week.
''They're working rapidly to implement this assistance,'' he said.

Such a package, though, could empty the cash-strapped IMF of funds, leaving it with little ammunition should the crisis spread to
other Latin American nations or elsewhere. Clinton has been pushing Congress to approve an extra $18 billion for the IMF, which
would pave the way for more than $75 billion in contributions from the other 181 member nations. An influential group of Republicans
in the U.S. House is opposed to such a move, although Tuesday that opposition seemed to be softening.

Helping stricken Asian nations recover. The economic collapse in Indonesia, Thailand and South Korea has been greater than
expected. Part of the problem is that many of the region's corporations are saddled with debts they can't pay and many of the area's
banks are crippled by those uncollectible credits. But the countries lack well-established bankruptcy procedures that would give
both debtors and creditors a chance to work through the problems.

''All of us must act now to restart growth in Asia by helping to restructure firms paralyzed by crushing debt,'' Clinton said. But
experts say the parameters of such help remain vague, although Japan took a step in that direction with its announcement Saturday
of what is effectively a

$30 billion refinancing for the region.

Long-term reform of international financial system. As the crisis has spread through much of the world, policymakers increasingly
have concluded the turmoil is not just the fault of the countries under attack but also the result of a outdated global financial system
unable to keep pace with the pace of modern high-tech markets.

''What is troubling today is how quickly discouraging news in one country can set off alarms in markets around the world,'' Clinton
said. ''We must find a way to temper the volatile swings of the international marketplace.''

But so far there's limited agreement on how to do that. Some countries want to slap controls on flows of so-called ''hot'' money from
speculators. But others, including the United States, say that response is shortsighted.

''What we have now is a global financial crisis,'' says Jerome Booth of ANZ investment bank in London. ''The key (to getting out of it)
is global leadership.''

By Rich Miller and Beth Belton, USA TODAY

Contributing: Bill Meyers usatoday.com




To: Sidney Reilly who wrote (603)10/8/1998 1:02:00 PM
From: SOROS  Respond to of 1151
 
Police prevent bid to lay cornerstone for new temple at Al Aqsa

TEL AVIV (AFP) — Israeli police prevented Jewish extremists from entering occupied Jerusalem's Al Aqsa Mosque compound
Wednesday to launch the reconstruction of the Jewish temple, which extremist claim, stood at the site 2,000 years ago.

Brandishing Israeli flags, about 60 activists from the Mount Temple Faithful group tried to enter the mosque compound to lay a
four-and-a-half tonne “cornerstone” for the temple, a police spokesman said.

Police barred the group entry to the compound, the third holiest site in Islam after Mecca and Medina in Saudi Arabia.

The activists went instead to a square near the Western Wall, a retaining wall for the mosque compound which Jews consider the
last remnant of the temple destroyed by the Romans in 70 A.D.

Their bid to enter the mosque area, known to Jews as the Temple Mount, coincided with an annual ceremony at the Western Wall
called the blessing of the Cohen — descendants of the clan of high priests who officiated at the temple.

About 30,000 people gathered at the wall for the ceremony, held each year during the weeklong festival of tabernacles, Sukkot.

The Temple Mount Faithful are dedicated to rebuilding the ancient temple in the place of Al Aqsa mosque and the adjacent Dome of
the Rock.

On Wednesday they left their “cornerstone” for the new temple outside the Old City walls surrounding the disputed compound.

“We will return because there cannot be a state in Greater Israel without the reconstruction of the temple and no one can stop this
holy and historic project,” said Gershom Salomon, head of the activist group.

Israeli security forces recently stepped up patrols around Al Aqsa for fear of possible attacks by Jewish radicals hoping to scuttle
peace negotiations between Israel and the Palestinians.
accessme.com




To: Sidney Reilly who wrote (603)10/8/1998 1:03:00 PM
From: SOROS  Respond to of 1151
 
Jerusalem Post - 10/08/98

By HILLEL KUTTLER, DANNA HARMAN, and news agencies

WASHINGTON (October 8) - President Bill Clinton pledged yesterday to dedicate as much of his time as needed to achieve an
accord when he hosts a summit with Prime Minister Binyamin Netanyahu and Palestinian Authority Chairman Yasser Arafat next
week.

Clinton told reporters he is "encouraged" by Secretary of State Madeleine Albright's just-concluded visit to the region, and believes
that if Netanyahu and Arafat bring the same sense of cooperation that they have recently exhibited, a deal can be reached.

Clinton also said "it is imperative" for an agreement to be wrapped up so negotiations can commence on the final-status issues that,
under the Oslo Accords, are to be completed next May.

White House spokesman Joe Lockhart said later that the talks would be held at the Wye River Conference Center in eastern
Maryland. However, he said it has not yet been determined whether Clinton would travel there for the summit or would open the
discussions at a White House event and then leave the parties to their deliberations.

Meanwhile, Palestinian sources said the US had asked Jordan's King Hussein to join next week's summit meeting. Hussein is in
the US undergoing medical treatment and according to the sources has not yet replied to the request.

The summit opens on October 15 and could last more than one day.

The opening of the winter Knesset session, originally scheduled for October 19, will be delayed by at least one day to allow
Netanyahu - who needs to be present - to spend more time in the US.

In an Oval Office photo opportunity with visiting Hungarian Premier Viktor Orban, Clinton was asked how long he expects the
summit to last, and jokingly replied: "I'd be happy if it were over in an hour. But I'm prepared to invest as much time as it takes."

"I asked them to block out a couple of days to come back, because I think it's very important that we try to get over these last
humps and get into the last stage of negotiations," Clinton said.

"We need to get to final-status talks, because keep in mind, the whole thing is supposed to be wrapped up by May of next year.
And the closer we get to that date without having been at least in the final-status talks - where the parties have a relaxed
opportunity, without being against a timetable, to discuss these big issues of the future of the Middle East - the closer we get to
that date without that happening, it's going to be more difficult."

Clinton said he hopes that the two leaders will "be talking 12 hours a day" to reach a deal.

Albright said after her meeting with Netanyahu and Arafat at the Erez crossing yesterday that the "new spirit" and "sense of
urgency" she felt has given her confidence that a deal can actually be sealed in the US.

She said that "significant and substantial progress" had been made during her two days of meetings.

"With this substantial progress having now been achieved and some understandings reached, I believe we are now in a far better
position to finalize all the issues at the Washington summit," she said.

"Their body language has been fairly positive. On the other hand, I wasn't born yesterday, and there are still many hard problems out
there that the leaders themselves are very much aware of."

After the talks, Albright left for Brussels and London to grapple with the unrest in Kosovo.

Arafat invited Netanyahu to a lamb and fish lunch he hosted for Albright at a Palestinian guest house after the talks. Netanyahu
smoked a cigar after the meal, and later told Israelis the food Arafat served was kosher. Arafat also gave the prime minister a box of
Cuban cigars as a gift.

The American goal during this trip was to nail down those areas on which there is agreement, so as to leave as few potential
stumbling blocks as possible to be dealt with at the summit.

Three areas of agreement were pinned down: the opening of the industrial park at Karni, the setting up of a joint committee to battle
incitement, and the launching of several "people-to-people" initiatives.

In relation to matters still under contention - such as security assurances, the changing of the Palestinian Covenant, and the third
redeployment - the issues agreed upon are minor.

Several Palestinian officials went so far as to say that "nothing had really changed" during Albright's mission. Arafat's only comment
to the press after the meeting was that Albright "has done a lot to push the peace process forward."

At a press conference in Jerusalem, meanwhile, Netanyahu spoke in subdued tones of the progress made, making it clear that only
"modest steps" had been taken and that much hard work is ahead. "Are the Palestinians ready to fulfill their commitments, to
revoke the PLO charter, to fight terror, to fulfill completely their part of the agreement under the principle of reciprocity?" he asked. "If
the answer is yes, there will be an agreement. Period.

"I can say that we climbed the foothills, but we still have a very large mountain to scale in Washington," he said, adding, "None of
the central issues has been concluded between us and the Palestinians."

But a top Israeli security source said that any public agreement is important in itself, and that the sides would now find it easier to
resolve other matters.

US special envoy Dennis Ross and Assistant Secretary of State Martin Indyk are to remain in the region for a few more days to
work on several of these other matters. In addition, CIA Director George Tenet, who arrived earlier this week, is working with both
sides on the security working paper - the acceptance of which is of cardinal importance to the closing of a deal.

The security source said understandings on a majority of the security matters would hopefully be reached before the summit,
leaving only the thorny questions of the Palestinian Covenant and the third redeployment.



To: Sidney Reilly who wrote (603)10/8/1998 1:06:00 PM
From: SOROS  Respond to of 1151
 
Catastrophe looms, aid workers warn By ROBERT GARRAN

8oct98

AUSTRALIAN aid workers warned yesterday that winter would bring a human catastrophe to Kosovo, where more than 200,000
refugees lacked suitable shelter and clothing.

The head of overseas operations for aid agency CARE Australia, Robert Yallop, said the dangers of disease and lack of shelter had
been overshadowed by political and military developments in the war-torn Serbian province.

The victims were not soldiers but farming families who had been forced out of their houses. Many had escaped into the mountains to
avoid the fighting.

"Even if people were able to return to their homes today, they would face a very bitter winter without any food available because they
haven't been able to continue their farming," Mr Yallop said.

CARE's emergency manager in Kosovo, Steve Pratt, said: "The sanitary conditions in many villages are best described as an
outbreak waiting to happen. Thousands of people are without shelter and, where they do have somewhere to go, they are living 40 to
60 people to a house. Conditions in the last few weeks have deteriorated markedly, while temperatures have noticeably dropped."

Program manager Josephine Hutton visited southern and western Kosovo late last month and said doctors there were exhausted
from overwork in unhygenic conditions, and lacked proper medicine.

CARE yesterday launched an emergency appeal to help with the growing crisis. Donations can be made by telephoning 1800 020
046. theaustralian.com.au



To: Sidney Reilly who wrote (603)10/8/1998 1:13:00 PM
From: SOROS  Respond to of 1151
 
Washington Post - 10/07/98

Death of 3 Salesmen – Partners in Suicide

By Mary Jordan and Kevin Sullivan Washington Post Foreign Service

TOKYO – There were beer cans and whiskey on the table, so maybe there was a final toast. Perhaps the three men raised their
glasses to friendship, to the 20 years of golf and cards and growing older together, to the business deals that made them once so
rich and happy, and then so terribly sad.

The maybes are endless and haunting. The facts are icily simple: Last Feb. 25, three middle-aged men, whose once thriving
auto-parts businesses were facing bankruptcy, hanged themselves together in a cheap hotel in suburban Tokyo.

The three company presidents, who once dined extravagantly and drove shiny Mercedes-Benz sedans, ate $3 bowls of
convenience-store rice as their last meal. Then the men – each a husband and father – sliced a rope into identical lengths, walked
into adjoining rooms and killed themselves. They left notes directing that their life insurance payoffs be used to try to save their
companies. One of the men, fearful of what he was about to do, apparently asked his friends to tie his hands behind his back.

"He bet his life on that company; it was his reason for living," said Shoichi Kobayashi, whose son, Masaaki Kobayashi, 51, had
been one of the most successful auto-parts dealers in Tokyo. Wiping tears from his tired eyes, the father said: "But I wish with all
my heart that he was still alive, even if he was a homeless beggar."

Even in a land where suicide is as ancient and honored as the samurai, the death pact among Kobayashi, Yoshimi Shoji, 49, and
Masaru Sudoh, 49, was shocking – perhaps because it gave names and faces to the invisible anxiety that is causing so much pain
in Japan.

The Asian economic crisis struck like lightning 15 months ago, collapsing the booming economies of Thailand, Indonesia and South
Korea and shattering millions of lives. Many middle-class people there no longer can afford the same standard of living, of eating, of
health and of education for their children. Poor people, who already knew little comfort, have been pushed deeper into poverty,
malnutrition and disease.

But in Japan, the effects on people – as well as the crisis itself – are different. Rather than a sudden bolt out of the blue, Japan's
prolonged recession has been more like eight years of drizzling rain that has left people depressed and feeling that the sky might
never be bright again.

Here in this rich country, where personal savings average more than $70,000 for every man, woman and child, people are not going
hungry. Children are healthy and in fine schools. This year, there has been a noticeable surge in homeless people along the banks
of Tokyo rivers and in its train stations, but homelessness is nowhere near the scale seen, for example, in New York.

But more than 100 interviews with ordinary Japanese, prominent business and political leaders, and Prime Minister Keizo Obuchi,
made clear that people are not immune to the economic crisis. Far from it. They said they feel it directly in their shrinking
paychecks and that their sense of security has been shattered by bankruptcies and unemployment rising to levels not seen since
World War II. After decades of believing that their government would deliver a more comfortable life, many said they no longer trust
it. There is a debilitating angst here, a feeling that Japan's prosperous heyday is over, gone forever.

"In rural China, they don't have toilets yet, but they have the feeling that they are on the rise," said Hiroshi Aoki, 30, a translator. "In
Japan, where people have the latest electronic gadget, there is a feeling of decline."

Kiyoshi Saito, 48, who sells tea outside Tokyo's Ueno train station, explained the feeling this way: "We feel we are being choked by
cotton – softly, slowly, but surely."

Flight From Failure

Police notice the toll financial problems are taking on people in the rising number of suicides; doctors see it in more depression,
insomnia, excessive drinking, chain-smoking and ulcers. Bankruptcy lawyers can't keep up with the business. Creditors noticed
something new this year too: More than 100,000 people have walked away from their debts and their lives, abandoning their homes
and identities in the dark of night and hiding in some distant part of this island nation. Many of those in hiding are hounded by loan
sharks and cannot register their children's births for fear of being found by Japan's hyper-harassing creditors.

Kenji Utsunomiya is a bankruptcy lawyer who handles many of these cases, such as that of a couple who ran away from their
Tokyo home renovation business as debts piled to $2 million. When they went into hiding, creditors moved into their house in the
Hachioji section of Tokyo, their lawyer said.

The couple, like many small business owners here who have a difficult time getting bank loans for business ventures, borrowed
money from non-bank lenders, some of whom are connected to the yakuza, or Japanese mafia. Such lenders routinely charge
interest rates of 28 percent to 40 percent. If payments are not prompt, these lenders often make embarrassing appearances in the
workplace or pestering middle-of-the-night calls to relatives – incidents that are becoming more common in debt-ridden Japan.

"Part of the mental pressure, the mental fatigue, is the shame from within, and part of it is the constant harassment from creditors,"
said Utsunomiya. He estimates that a record 1.5 million Japanese are on the verge of personal bankruptcy.

Of course, the Japanese economy is vast and sophisticated, and many people here are still wealthy and optimistic. Some
economists and people believe that Japan has nothing to fret about, that the nation will solve its problems and remain the
second-most-dominant economy in the world – or better.

They may be right, but that doesn't lessen the pain and anxiety that Yoshiko Sudoh, 74, the mother of one of the men who hanged
himself, sees all around her. "People feel tremendous pressure," she said. At no time since World War II has she seen "everyone
so anxious, so worried about the future. ... It is making some people physically sick."

In the most extreme cases, it is making people feel so hopeless that they are taking their own lives. Several doctors and
psychiatrists said in interviews that the official projection of more than 24,000 suicides here this year vastly underestimates the
soaring problem. If a person dies in a hospital more than 24 hours after the attempt, for example, suicide often is not listed as the
official cause of death, they said.

At least 50,000 Japanese will be hospitalized this year after trying to kill themselves, according to what the doctors described as
conservative estimates. "It is a dramatic change from 10 years ago," said Jiro Suzuki, president of the Japanese Society of
Psychiatry and Neurology. "We have many, many suicides and many, many cases where people just disappear."

Psychiatrist Haruyoshi Yamamoto has been practicing for 26 years, and he said he has never seen so many people depressed and
suicidal. "I believe the number of people who want to kill themselves, those that feel hopeless, is absolutely going up," said
Yamamoto, who practices in Yokohama. He said he is seeing a spectrum of physical and psychological reactions to the hard
economic times – from headaches to chest pains to an inability of some people to focus or even show up for work on time.

Six months ago, the prevailing wisdom here was that despite the economic downturn, the Japanese people were oblivious to it and
content. Diplomats, academics, analysts and journalists proclaimed repeatedly that Japan's high savings rate and relatively low
unemployment cushioned the average person from the effects of the economic crisis. Days before a key national election in July, it
was hard to find a pundit who believed people were suffering enough to vote against the ruling political party, which had piloted the
nation into this nose dive. But voters did just that, and the prime minister was forced to resign.

The "golden recession" in Japan, one that was on the balance sheets but not felt in the homes of average Japanese, has turned out
to be not so golden after all. A future that not long ago seemed bright as diamonds is now facing "its darkest hours," said the
nation's top economic official, Taichi Sakaiya.

Sakaiya, the director general of the Economic Planning Agency, said in an interview that it is no wonder there is such anxiety. All
people hear about is that the national pension system is going bankrupt, the national government is in deficit, manufacturing
productivity is dropping, and Japan is more rapidly than any other country in history becoming a nation of old people.

"The leaders of the country need to explain that these changes are not coming so dramatically and quickly. Then people would
relax, and this anxiety would decrease. We have to explain that the future of Japan is not so pessimistic," he said.

Obuchi, who took office two months ago, said he wants to restore people's "peace of mind" and "remake Japan into a place people
can believe in." Japan's future may depend it.

Fear that the hard times are just beginning is perhaps the biggest enemy of the government's efforts to restart the economy. It is the
key reason people are buying less of just about everything – with the notable exception of wine. There is a glut of unsold cars and
houses. Department stores are not moving merchandise fast enough to make profits. Housewives are cutting back on electricity and
even the hours their children go to after-school tutoring – once a sacred expenditure.

This new Japanese tendency to "over-save," as President Clinton recently described it, is a key reason so many companies are
struggling. The ripples are being felt from the lobster grounds of Maine to the hotels of Australia.

"What am I going to do if this really isn't the bottom?" said the weary owner of an electronic-parts factory on Keihin Island near
Tokyo Bay. His annual sales have dropped from $1 million to $320,000 in the last couple of years. "We sell parts to Honda and
Toyota, and people are not buying from them, so we are out of luck."

Teruko Arai, 69, said so few customers now come into her candy and dried food shop in western Tokyo that business is 30 percent
of what it was in the 1980s. "I am not just worried about the future," Arai said. "I am worried about right now."

To those outside Japan, it is not easy to understand why the three family men who adored their children and had so much life yet to
live hanged themselves. But, said Hiroshi Itoh, a lawyer who knew all three, "everyone in their position in Japan thinks about it."



To: Sidney Reilly who wrote (603)10/8/1998 1:22:00 PM
From: SOROS  Respond to of 1151
 
FOX NEWS REPORTS BIN LADEN ACQUIRES NUCLEAR WEAPONS

For those following the terrorism doomsday angle of the Y2K threat, this news is yet more evidence that January 1, 2000 could be
dangerous for a variety of reasons that go way beyond just the Millennium Bug.

Although this report (link below) offers some skepticism about the legitimacy of Bin Laden's claim, few people doubt the realistic
possibility of this scenario occurring. Given the terrible economic state of Russia and the fact that many Russian soldiers are being
fed dog food, it would be exceptionally easy to bribe security officials in Russia to turn over nuclear material. Imagine if you're a
starving Russian soldier, and if you just tell these nice people your password, they'll deposit $250,000 in U.S. dollars to your bank
account. Besides, they've promised you it's only for research purposes.

This comes on the heels of news last year that Russia was missing 84 briefcase-sized tactical nuclear weapons. This lack of
inventory management is especially disturbing.

The story mentions one skeptic:

"The London-based International Institute for Strategic Studies expressed scepticism, saying that it would be impossible to deliver
such a weapon to a target without missiles, launchers and sites..."

However, it appears the London-based IISS has forgotten one crude, simple method for nuclear bomb delivery: strap it on your back
and walk right in. In fact, Y2KSUPPLY.COM has seen supposedly-intelligent government agencies repeatedly overlook this simple
"solution" for terrorists. You don't need a million-dollar missile to deliver nuclear weapons. Essentially, all you need is one volunteer
and a 1972 Volkswagon van. You drive it, hike it, or fly it in on a $5000 airplane. This is not rocket science, literally!

POTENTIAL Y2K IMPACT For obvious reasons, any act of terrorism on U.S. soil -- whether it be bio weapons or nuclear -- would set
off an instant panic in the supply chain. People would suddenly "get it" and there would be runs on food, gas masks, currency, and
all survival supplies.

Additionally, any such terrorism attack would fit right into the "end of the world" scenarios now being preached by some religious
leaders, further adding to the 2000 panic.

This is all on top of the millennium bug threat and the GPS failure that will occur on August 22, 1999.

It seems that any single event could really set off the panic. For the sake of American lives, lets hope the CIA and the Dept of
Defense can keep these terrorists at bay.

Unfortunately, we all know how futile that hope may be. They couldn't stop terrorists from setting off the bomb in the World Trade
Center, and they can't even keep small airplanes from breaking through the air security perimeter around the White House.
Furthermore, the Dept. of Defense is one of the government agencies receiving an "F" for its Y2K compliance status. Their internal
communication systems will likely go off-line on January 1, 2000, providing a rare "our guard is down" opportunity for a terrorist to
strike.

If you connect the dots here -- the acquiring of nuclear weapons by terrorists, the non Y2K-compliance of the DOD, the doomsday
predictions by various groups -- you start to get a picture of exactly what might happen as we approach Y2K.

Do you live in a city? Check out our list of the 120 cities listed by the Pentagon as likely terrorist targets:
y2ksupply.com

Full story at: foxnews.com

- Webmaster, Y2KSUPPLY.COM



To: Sidney Reilly who wrote (603)10/8/1998 1:38:00 PM
From: SOROS  Respond to of 1151
 
Thursday, October 8, 1998

DEFENSE DOSSIER: Kosovo Backlash Brewing

By Pavel Felgenhauer, ..Special to The Moscow Times

Today relations between Russia and NATO and between Russia and the West in general have reached an important junction. In the
coming weeks, the future profile of the East-West relationship will be imprinted, maybe for a generation to come.

Many in the West are already saying that an anti-Western, anti-U.S. backlash is on the rise as Russians blame advice from the
International Monetary Fund for the collapse of their economy. This contention, up to now, has not been fully accurate. Russians are
stunned by the collapse of their Western-orientated quasi-market economy. They are in confusion, most do not understand why
prices have quadrupled in several weeks, the ruble has plummeted, businesses are closing down and well-paid job opportunities are
disappearing. Yet today most Russians tend to say: "It is the Russian bankers and financiers, together with the government of
President Boris Yeltsin that they control, who deliberately created the financial crisis to make more money."

Not many Russians support a continuation of market economic reform. But this economic revisionism has not yet transformed into
massive anti-Western paranoia. Under an increasingly unpopular Yeltsin, today's Russia has not yet turned into something like Iran
in the late 70s, where a populist anti-Western religious movement had formed that eventually overthrew the corrupt pro-Western
regime of the shah.

But things in Russia could definitely change for the worse very soon. Russians seem to be remarkably calm, not rioting in despair
like Indonesians. But behind the calm, suppressed hysteria is gathering strength.

This suppressed mass hysteria has for some time been seeking an outlet, a common public denominator in order to break loose.
Yeltsin and his government seemed to be an obvious focal point of public discontent, but Yeltsin has skillfully maneuvered the
Kremlin out of the line of fire to some extent by installing the new government of Prime Minister Yevgeny Primakov and sharing
some of his power with communist and nationalist opposition forces.

While Yeltsin limps away to lick his wounds, another public foe has emerged f the North Atlantic Treaty Organization, as it prepares
to launch an attack against Serbia. Last week the State Duma unanimously adopted a nonbinding resolution recommending that
Russia sever all relations with NATO if it goes on the offensive in the Balkans.

Even the seemingly pro-Western liberal Yabloko fraction did not vote against the resolution. This unanimity is a grim foreshadow of
what will happen if war breaks out over Kosovo. The reaction of Russia, of its ruling elite, will be hysterical and from a Western point
of view f unreasonable. Russia will be engulfed by a genuine wave of mass anti-Western, anti-NATO hatred. All of Russia's mass
media, from right to left, will report the same story of blatant NATO aggression, without any credible legal international mandate,
against a sovereign country in Europe in support of a terrorist separatist movement.

Of course, mass hysteria does not last long. But the long-term repercussions of a possible NATO attack against Serbia will be even
worse. When the UN was created at the end of World War II, a new commandment was written: "Do not invade." No longer did any
sovereign nation have a legal right to invade another sovereign nation, no matter how noble the cause may appear.

All invasions in human history had this or that noble justification. More than 50 million died in 1939-1945 to prove that there is no
such thing as an unprovoked virtuous armed intervention. Today, major Western countries with the U.S. in the lead are doing their
best to undermine this principal. In Washington most men and women of power seem to believe that if Congress approves, the U.S.
has the right to invade any foreign country.

Serbia does not have any modern air defenses worth speaking of. This increases the possibility that the West will be finally tempted
to attack and that NATO aggression will be militarily successful. In the future, major Western countries may increasingly begin to
behave as they did in the 19th century, constantly invading rogue nations to punish and impose their will. The end result of such a
remodeled Western interventionalism will most likely be the same as before f one more world war when the West runs into a "rogue"
state that has acquired weapons of mass destruction and delivery systems to strike back.

Pavel Felgenhauer is defense and national security affairs editor of Segodnya. moscowtimes.ru



To: Sidney Reilly who wrote (603)10/8/1998 1:40:00 PM
From: SOROS  Respond to of 1151
 
America the Vulnerable and Missile Defenses

by William J. Bennett, Jack Kemp and Jeane J. Kirkpatrick,

The Washington Times, Sept. 1, 1998

When Ronald Reagan left the famous summit in Reykjavik, Iceland, in 1987, he did something rare in the diplomatic world: He
walked away from a deal on the table. President Reagan and Mikhail Gorbachev had made a major breakthrough in their
discussions to dramatically reduce the U.S. and Soviet nuclear arsenals.

On the final day, they were close to finalizing the historic agreement. But Mr. Gorbachev insisted that the United States
immediately halt development of our ballistic missile defense system. To Mr. Reagan, who had promised the American people he
would not give away America's right to defend itself, that was unacceptable. He was excoriated by his critics. But history proved him
right.

The Clinton administration's refusal to deploy an anti-ballistic missile system has compromised our defenses in precisely the way
Mr. Reagan would not allow Mr. Gorbachev to do. Is this acceptable in an era when terrorists such as Osama bin Laden organize
against our nation and our citizens?

Mr. Reagan's steadfast support of ballistic missile defense research and development has probably contributed to America's
perception that we have a functional defense against enemy missile attacks. Polls show most Americans believe we have the ability
to defend ourselves against enemy missiles. But this is not the case. When told that no missile defense network is in place, U.S.
citizens resoundingly support deployment of such a system.

Unfortunately, last week Joint Chiefs Chairman Gen. Henry Shelton reiterated administration policy that delays deployment and
places the job of defending Americans from missile attack squarely in the hands of our intelligence agencies -- the same
intelligence agencies that were surprised by the India/Pakistan nuclear tests and the African embassy bombings. While our
intelligence apparatus is extremely important to our security, this "leap of faith policy" completely misses the point of an operational
defense network to defend us from the unknown, the unlikely and the sudden. If the administration and Joint Chiefs' rationale were
applied to other military systems, who knows what our armed services might look like today.

The much talked about report from the Ballistic Missile Threat Commission, led by former Defense Secretary (and our colleague at
Empower America) Donald Rumsfeld, makes the intellectual case for what most Americans believe is common sense: If we have
the technology to shoot down enemy missiles, we should use it.

The report flatly contradicts administration policy. The commission, whose members included scientists, retired generals, and
former defense and intelligence officials of different political ideologies, warns that current decisions to delay deployment are based
on bad information and jeopardize national security.

We already know that at least 20 countries may be developing chemical, biological and nuclear weapons. If any one of these
countries were to launch a missile on the United Sates today, we would be unprotected. The Rumsfeld Commission found that the
threat is "broader, more mature and evolving more rapidly than had been reported in the estimates and reports by the Intelligence
Community," and that the ability of the CIA to provide timely estimates of the threat "is eroding."

Several countries will be capable of producing a nuclear missile within five years. A little more than a month ago, reflecting a clear
intelligence breakdown, Iran tested a missile capable of traveling 800 miles -- far enough to reach Israel. And during the last two
weeks, we've learned of possible nuclear weapons advances in North Korea.

The Joint Chiefs and the president might say this knowledge supports our intelligence agencies' primary role, but just because we
know something is going on in the tunnels of North Korea doesn't mean we don't know exactly what is going on. Indeed, the
commission concludes: "Under some plausible scenarios, the U.S. might well have little or no warning before operational
deployment."

Deterrence based on military superiority must remain the cornerstone of our national defense policy. But today, in a world without
another superpower and in a world where technological proliferation is prevalent, a more immediate threat comes from the single
rogue country, group or terrorist willing to fire one or two missiles.

In this scenario, where the enemy may be hard to find or may even be unknown, our military might may be of little significance, and
therefore of little deterrence value. Here, the only thing that matters is our ability to destroy the enemy's weapon before it destroys
American cities. To do this, we need a national missile defense.

Some people interpret the Anti-Ballistic Missile Treaty of 1972 as forbidding missile defense systems and believe we are bound by
it. We disagree, but we also recognize the treaty as a practical roadblock. The treaty is outdated and harmful to America. For one
thing, one of the signatories has dissolved.

For another, weapons of mass destruction and ballistic missile technology have spread to almost every continent, and we and our
allies require a defense. The treaty codifies our vulnerability. But the ABM Treaty does provide a mechanism for our legal,
responsible withdrawal, and the United States should give such a notice to withdraw immediately.

The Senate will reconsider this week the American Missile Protection Act of 1998, which addresses the threat and the need for an
effective defense. We believe this is the most important defense issue facing the United States today. An urgent effort should be
made to complete the development and deployment of an effective defense network. This, of course, means repudiation of the
Clinton administration's anti-defense doctrine. It's about time.

A decade after Ronald Reagan bravely committed the United States to the deployment of a ballistic missile defense, we are still
vulnerable. But the promise he made to the American people -- to protect them -- should be on the minds of senators as they
consider their constitutional mandate to provide for the common defense. jinsa.org





To: Sidney Reilly who wrote (603)10/8/1998 1:43:00 PM
From: SOROS  Respond to of 1151
 
Wag the Dog for Real? October 7, 1998

Defense Secretary, William Cohen, announced today that America might send ground forces to Kosovo. Has Hollywood really
written this script?

Will someone please show me how the conflict in Kosovo threatens the national security of the United States? This unfortunate
situation has been going on in that region of the world for a thousand years. Neither side of the controversy has a monopoly on
barbarism. Furthermore, have we forgotten that during World War II it was the Serbians that bravely fought and died to assist
American forces?

Serbia's past heroics are no excuse for modern day atrocity. Don't get me wrong. The point is there is much more to this situation.
America is not going to settle a dispute that has been raging for ten millenniums. What we will do is become involved in another UN
sponsored, no win war that will drain American energy and blood.

To justify America's military involvement Mr. Cohen and Secretary of State Madeleine Albright argue we must stop the genocide that
is taking place. They point to eighteen recently discovered bodies as evidence. Proof, they say, of the Serbians murderous activity.
Moral outrage demands our intervention, they cry.

Granted, any such activity is deplorable. However, where is Clinton's outrage over the genocide that has taken place in Sudan and
other African nations? The Khartoum government has slaughtered millions of Sudanese. Women have been tortured, raped and
killed. Children have been tortured and sold into slavery. (And not a peep from Jesse Jackson or Maxine Waters.) Men have been
crucified. The carnage in Sudan is incomprehensible.

Where is Clinton's call for U.S. intervention in Sudan or Rwanda, for that matter? Where is the moral outrage of this government for
the poor, suffering souls of the Dark Continent? Are we to assume that this administration believes the white folks of Kosovo are
worth more than the black people of Africa? Or, are we dealing with a real live "Wag the Dog"?

When the President of the United States asks the mothers and fathers of America to send their sons and daughters into harm's way
it is only right that they are able to trust his word. There is the rub. How can we trust this president? When he tells us he must send
our children to sacrifice their lives in a far off war how can we know his motive is not to cover his own political backside?

The truth is no one trusts Bill Clinton. The American public does not trust him. Our military personnel do not trust him. Our allies
don't trust him. Our enemies don't trust him. His closest friends don't even trust him. And now he expects our finest and best to risk
his or her life in a conflict no one can prove is necessary to the national interest of America.

One who does have a personal interest in this distraction, however, is Bill Clinton. Would he dare risk the lives of our children to
save his own political career? Time magazine may have already provided the answer. "Many believe this is a man that would do
anything."

From the Chuck Wagon: ..Food for Thought ..by Chuck Baldwin
gulf1.com



To: Sidney Reilly who wrote (603)10/8/1998 2:00:00 PM
From: SOROS  Respond to of 1151
 
Destruction From Earth's 4 Corners

It is becoming obvious that events in the United States such as earthquakes, destructive weather, pestilences and vicious
lawlessness, fit the endtime events prophesied to escalate in frequency and severity in these last days just prior to the return of the
King of kings Jesus Christ. The warnings of impending judgement are clear. Looking a short number of years into the future we can
see the fate of the United States and why Bible prophecy makes no clear reference to America being any place of prominence upon
the endtime world scene.

Quoting from the prophecy found in the Bible Book of Revelation Ch. 7:1-3, we read the following: “After these things I saw four
angels standing on the four corners of the earth, holding the four winds of the earth, that the wind should not blow on the earth, on
the sea, or on any tree. Then I saw another angel ascending from the east, having the seal of the living God And he cried with a loud
voice to the four angels to whom it was granted to harm the earth and the sea, saying, Do not harm the earth, the sea, or the trees,
till we have sealed the servants of our God on their foreheads.”

Man's logic demands him to be critical of this prophecy immediately questioning the statement about the angels standing on “the
four corners of the earth.” But God's truth is always greater than the logic of men, as it is proven by this article from the June 19,
1965 edition of Science Newsletter (#87:390), which is titled “Earth Has Four Corners”. Quoting from this article, which was found in
the Colorado Springs, Pikes Peak Library on microfilm, we read the following: “The Earth has four corners, measurements made of
earth-circling satellites have shown...The four-cornered, or pyramid-like, design was found by calculating the changes in the orbits of
globe-girding satellites. At the center of the high points, the satellites were pulled downward a few hundred feet by the unexpectedly
high gravity...The new figure for earth was found by scientists at John Hopkin”s Applied Physics Laboratory in Silver Springs, Md.,
working under a contract for the U.S. Navy's Bureau of Naval Weapons.” The article includes a world map showing that all of the
earth's high corners are located in the earth's oceans and that there are also four low spots, also found in the vast oceans. Each of
the high spots covers several thousand square miles of ocean and are a staggering 220 feet “higher” than the average depth of what
the ocean should be in that area. The low points on the other hand are apx.. 253 feet “below” the oceans spherical average. The
perplexing question is, what is holding back these mountains of water from crashing into the low spots?

Quoting from Rev. Ch. 7:1, we once more read the following prophecy: “After these things I saw four angels standing at the four
corners of the earth, holding the four winds of the earth, that the wind should not blow on the earth, on the sea, or on any tree”.
According to David Ebaugh, an electronics engineer who worked with the very first satellites to discover the 4 ocean high points, it
was discovered that it is the prevailing winds which produce surface friction on the water which in turn causes these thousands of
square miles of ocean to pile up to such great heights. Four major jetstreams of wind were not only to be found the cause of the
high spots as they curve upward forming a suction, but that they also caused low spots where the winds blew downward, pushing
the water away.

The obvious question remaining is, what will happen when the four angels of God stop the winds from blowing? Reading on in the
latter part of verse 2 of Rev. Ch. 7, we find the answer to this question, “And he cried with a loud voice to the four angels to whom it
was granted to harm the earth and the sea” - another incredible proof of an all-knowing God warning a rebellious world. When the
wind stops blowing as prophesied, all the oceans will seek their own level. Tidal waves of truly monstrous proportions will form as
thousands upon thousands of square miles of ocean rush with incredible building momentum towards the low spots in the seas. As
the momentum of these tidal waves crash against and over the continents and islands, lands will disappear as the average height of
the ocean dramatically increases. The land masses located in the low spots averaging just over 200 ft. above sea level will suddenly
become oceans, seas and great salt lakes. Crustal changes will take place under the great pressures and redistribution of the
earth's weight. Land will suddenly appear where it has not been seen since the great flood of Noah's day as the high ocean spots
retreat to new areas. And what about the sea being hurt? As the waters cover the land masses, inconceivable contamination of the
oceans will take place as toxic waste dumps, nuclear plants, chemical factories and sewage plants are suddenly submerged under
water. Then when the tidal waves settle down and retreat to ocean average, all the crop land, fresh water lakes, streams and
underground water reservoirs will have been contaminated with pollutants and salt. To our knowledge no calculations have been
made as to how large of tidal waves will be produced by this judgement from God, nor how far inland onto the affected continents the
waters will reach from the initial momentum.

We have repeatedly warned that the United States is destined for great judgements. As you may have realized by now, the
important determining factor of who will receive the brunt of these cataclysms is where the low spots of the oceans are located. The
high spots are located off of Ireland, Peru, Madagascar and the Philippines. The low spots are found off of India, Antarctica and the
last two are found off the East and West coast of America by California and Florida. A few samples are in order. California is 74 ft.
below future ocean average, Florida is 187 ft. below and Washington is 212 ft. below.

In this message we have not discussed what will happen to the weather and air pollution, when God stops the winds. This is not just
theory about what will happen when the wind stops, but scientifically provable facts. Of additional interest to consider is that when
this judgement takes place, roughly in the middle of the prophesied final 7 years before Christ returns, is that the geographic regions
which will be left undamaged by this global cataclysm are those prophesied to be competing for global control during the final half of
the 7 years.

Just as God's Word is true and sure about future judgement, so is it just as true and sure about His promise for life and salvation.
You need not be looking upon Earth for these terrible things, which are soon to take place, but instead you could be looking
steadfastly towards Heaven for the glorious appearing of the Lord and Saviour Jesus Christ. If this is your desire then today is the
day to come to God believing with confidence for the forgiveness of your sins in the name of God's only begotten Son Jesus Christ.