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

To: Gersh Avery who wrote (33664)	11/14/1998 6:21:00 PM
From: flickerful	Respond to of 94695

11/14/98 -- 5:41 PM Latest developments in Iraqi crisis ------------------------------------------------------------------------ Latest developments in Iraqi crisis Developments Saturday in the crisis with Iraq over U.N. weapons inspectors: --- Iraq backs down from its freeze of cooperation with U.N. weapons inspectors. Deputy Prime Minister Tariq Aziz sends a letter to U.N. Secretary-General Kofi Annan saying the inspectors can resume their work immediately. In an annex to his letter, Aziz spells out what Iraq expects the United Nations to do, including conduct a comprehensive review of the country's progress in dismantling its weapons of mass destruction. --- The U.N. special envoy to Iraq, Prakash Shah, says the Aziz letter grants an unconditional go-ahead for U.N. weapons inspections to resume. But the tone of the annex raises fears that the U.N. Security Council might regard the Iraqi reversal as insufficient. --- British Prime Minister Tony Blair says the crisis is ''by no means over yet,'' and that U.S. and British forces remain poised for action. The prime minister says Aziz's letter ''appears to promise'' a resumption of weapons inspections, but was ambiguous as to whether the inspectors can return without conditions. --- Military planners for the Joint Chiefs of Staff said the more than 130 aircraft and 21,500 troops ordered to the Gulf last week would continue on their way. Already in the Gulf area are 23,500 troops and 23 warships including eight vessels armed with long-range Tomahawk cruise missiles. --- Saturday evening, the United States rejects Iraq's proposal. ''It is unacceptable,'' national security adviser Sandy Berger says. The ongoing crisis forces President Clinton to cancel a trip to Malaysia for an Asian-Pacific economic summit. Berger says Clinton would consult with the allies on the next steps. He says the administration remains poised to take military action against Iraq. Copyright 1998 Associated Press. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.

To: Gersh Avery who wrote (33664)	11/14/1998 6:28:00 PM
From: flickerful	Read Replies (1) \| Respond to of 94695

ot.... how about them baghdadis?

To: Gersh Avery who wrote (33664)	11/14/1998 6:58:00 PM
From: flickerful	Respond to of 94695

2 reuters updates.... U.S. Calls Iraqi Letter To U.N. ''Unacceptable'' 17:26 11-14-98 WASHINGTON (Reuters) - U.S. National Security Adviser Sandy Berger Saturday called an Iraqi letter offering to resume cooperation with U.N. arms inspectors unacceptable and said the United States remained poised for military action. ''The Iraqi letter... is neither unequivocal nor unconditional. It is unacceptable,'' Berger told reporters at the White House. Berger made clear that the United States, which has added to its already lethal military presence in the Gulf in recent days, was still ready to make armed strikes against Baghdad. ''We were poised to take military action and we remain poised to take military action,'' Berger told reporters. Earlier Saturday the White House announced that President Clinton had decided to remain in Washington to keep track of the Iraqi crisis, sending Vice President Al Gore to an Asia-Pacific economic summit in Malaysia in his place. Berger was scathing in discussing the letter that Iraq sent U.N. Secretary-General Kofi Annan, saying Washington wanted an unequivocal response from Baghdad. ''What we have instead is a letter and particularly an annex that's got more holes than Swiss cheese,'' he said. ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~ U.S. Aborted Bomber Strike On Iraq - Official 18:36 11-14-98 WASHINGTON (Reuters) - U.S. B-52 bombers were headed for Iraq with cruise missiles Saturday, but the raid was aborted after Baghdad made an offer to cooperate with U.N. arms inspections, a U.S. official said. ''It was close,'' said the official, confirming that the eight-engine bombers had been launched but were called back so that Washington could consider Iraq's proposal. Washington later rejected the offer as inadequate. The official who asked not to be identified, refused to say where the bombers had been launched from. The Air Force is in the process of sending 12 of the big bombers with air-launched cruise missiles to the Gulf region as part of a major military build-up. Defense officials, who also asked not to be identified, refused to comment on whether the bombers had been launched. But they said that the United States had been close to a massive strike on Iraq with both air and sea-launched missiles before Baghdad sent a letter to the United Nations. U.S. National Security Adviser Sandy Berger later Saturday called the Iraqi letter offering to resume cooperation with U.N. arms inspectors ''unacceptable'' and said the United States remained poised for military action. Copyright © 1998 Reuters Limited. stocksite.com