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Strategies & Market Trends : Bob Brinker: Market Savant & Radio Host -- Ignore unavailable to you. Want to Upgrade?

To: Tony Viola who wrote (8690)	11/15/1998 2:11:00 PM
From: Kirk ©	Read Replies (1) \| Respond to of 42834

Tony...I have just what the good Dr ordered! Several show summaries posted on my "Summary Thread" suite101.com enjoy! Kirk out PS We have a chat scheduled for Sunday that will continue as KGO does a delayed broadcast of Moneytalk due to 49er football suite101.com Drop in to the chat and we can give you info on how to get the delayed broadcast

To: Tony Viola who wrote (8690)	11/15/1998 11:35:00 PM
From: Jeffrey D	Read Replies (1) \| Respond to of 42834

Tony:<<Ah, that's all rubbish about Intel, you know that. They are always overblowing everything. Wait, this isn't AMAT, where that's the theme du Jour, or of the week I should say. This is the Bob Brinker thread. Oh, wait again, it's the theme of a few here also (same folks as on AMAT by and large).>> Tony, lots of themes here. INTC, AMAT, SPY, UTEK, NVLS, KLAC. All are discussed on the Brinker show so why does that bug you if those subjects are posted here? Jeff

To: Tony Viola who wrote (8690)	11/15/1998 11:41:00 PM
From: Jeffrey D	Respond to of 42834

Japan tries again. No cut in the 5% sales tax so they will probably not get any better press than they got on the last one. Jeff << -------------------------------------------------------------------------------- Japan OKs $196B Economic Plan -------------------------------------------------------------------------------- TOKYO (AP) -- Japan's Cabinet approved a record economic stimulus package worth nearly $200 billion Monday in an attempt to bring the country out of its worst recession in decades. The massive plan was aimed at turning around the Japanese economy by next year, Prime Minister Keizo Obuchi told reporters after the decision. ''We must do all we can to cut the vicious cycle of recession in order to put the nation's economy back into recovery,'' Obuchi said. The announcement comes after the government outlined a plan last Thursday for $149 billion in new spending and tax cuts, which was immediately panned by critics as insufficient. Apparently shaken by the criticism that the plan would not be enough to resuscitate the economy, officials began dropping hints the next day that the package would likely be bigger. Obuchi sees the package as his best chance to stop the economy from contracting for a third consecutive year -- a key pledge he made after taking office in July. Japan could use the help. The economy shrank last fiscal year for the first time in more than two decades. Unemployment and bankruptcy debts are at record highs. It was unclear how successful the plan will be. The government has cut taxes and instituted new spending in the past, but pessimistic consumers have not responded yet with a shopping spree. Obuchi said the $196 billion package would include more than $147 billion in spending projects and more than $49 billion in tax cuts. The plan is expected to be passed later this month in a special session of Parliament. The premier, however, said the plan did not include a reduction of the 5 percent national sales tax, as investors and opposition politicians have been calling for. The government's decision last year to raise the tax from 3 percent was widely blamed for choking off a growth spurt and tipping the anemic economy back into recession. Obuchi said the tax revenue was needed because of Japan's mounting budget deficit. ''Judging from the current fiscal situation, it's difficult to comply with that,'' he said. The government is also under heavy international pressure to power the economy out of the doldrums and provide a more robust market for products from ailing Asian economies. U.S. officials likely will urge Obuchi to jump-start the Japanese economy at this week's summit meeting in Malaysia of leaders from members of the Asia Pacific Economic Cooperation forum. Obuchi said the plan includes an $8.2 billion aid package for Asia. Monday's package comes on the heels of legislation passed last month by Parliament aimed at rejuvenating Japan's banking system saddled with huge amounts of bad loans. In another financial development, Japan's broadest measure of trade jumped in September for the 18th consecutive month, climbing over 70 percent from a year ago, the government announced Monday. The current account surplus, unadjusted for seasonal factors, was at $15.8 billion in September, up 70.4 percent from the same month last year, the Finance Ministry announced. >>