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To: robnhood who wrote (23722)12/2/1998 7:19:00 AM
From: John Hunt  Read Replies (2) | Respond to of 116762
 
Japan deficit set to outpace Brazil's at 10% of GDP

biz.yahoo.com

<< Japan is heading for a budget deficit larger in relation to the size of its economy than Brazil's and has a growing debt problem that makes Italy look like a model of fiscal restraint, official estimates showed on Wednesday.

Finance Ministry data showed Japan's general government fiscal deficit is expected to reach 9.8 percent of gross domestic product this financial year.

''Ten percent of GDP is rather extreme,'' said a Finance Ministry official. ''Even in Brazil, the budget deficit is only seven percent,'' he said.

The general government figure includes the central government and local governments but does not include the social security account. >>

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Hi rrman,

And below, totally off-topic, from today's joke-of-the-day e-mail

joke-of-the-day.com

Have a great trading day.

John

**********

FUN WITH SADDAM AND BILL - Submitted by Puneet
_______________________________________________

Saddam Hussein and Bill Clinton meet up in Baghdad for the first round of talks in a new peace process. When Bill sits down, he notices three buttons on the side of Saddam's chair.

They begin talking. After about five minutes Saddam presses the first button. A boxing glove springs out of a box on the desk and punches Clinton in the face.

Confused, Clinton carries on talking as Saddam laughs.

A few minutes later the second button is pressed. This time a big boot comes out and kicks Clinton in the shin. Again Saddam laughs, and again Clinton carries on talking, not wanting to put off the bigger issue of peace between the two countries.

But when the third button is pressed and another boot comes out and kicks Clinton in the privates, he's finally had enough, knowing that he can't do much without them functioning well.

"I'm going back home!" he tells the Iraqi. "We'll finish these talks in two weeks!"

A fortnight passes and Saddam flies to the United States for talks. As the two men sit down, Hussein notices three buttons on Clinton's chair and prepares himself for the Yank's revenge.

They begin talking and Bill presses the first button. Saddam ducks, but nothing happens. Clinton snickers.

A few seconds later he presses the second button. Saddam jumps up, but again nothing happens. Clinton roars with laughter.

When the third button is pressed, Saddam jumps up again, and again nothing happens. Clinton falls on the floor in a fit of hysterics.

"Forget this," says Saddam. "I'm going back to Baghdad!"

Clinton says through tears of laughter, "What Baghdad?"