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To: John Hunt who wrote (23846)	12/5/1998 11:30:00 AM
From: Groundhog	Respond to of 116764

John I read the article with great interest and he makes a lot of sense. He does not address 1 key issue. How many jobs the internet and related products have created. I am unsure of the numbers but I assume they would be staggering. GH

To: John Hunt who wrote (23846)	12/5/1998 11:51:00 AM
From: goldsnow	Read Replies (1) \| Respond to of 116764

Ground hog, the parallel is well taken...New jobs that are undoubtedly created are for young, educated people (shortage)The displaced people can not possibly be re-trained to find comparable jobs....and that is possibly equivalent to not being able to drive with no public transportation available..

To: John Hunt who wrote (23846)	12/5/1998 12:01:00 PM
From: goldsnow	Respond to of 116764

Full story Decision soon on IMF committee meeting -Ciampi 05:09 a.m. Dec 04, 1998 Eastern CATANIA, Sicily, Dec 4 (Reuters) - Italian Treasury Minister Carlo Azeglio Ciampi said on Friday a decision would be taken in coming weeks on whether to hold an early meeting of the International Monetary Fund's policy-making Interim Committee, of which he is chairman. ''I am working to make the interim committee a more active body that carries out the necessary reform of the international monetary system,'' Ciampi told reporters at a conference in Sicily. He said no decisions had yet been taken. ''If there is the need for an early meeting, we will see that within weeks.'' British political sources said on Thursday that Ciampi planned to circulate to his Group of Seven counterparts ideas on how to implement reforms of the IMF. Ciampi said: ''The methods and timing (of reforms) are under discussion by ministers in Europe and around the world. The proposals that I have made are being examined but I would say decisions have not yet been taken.'' The next meeting of the Interim Committee is due in April. Britain's Guardian newspaper reported on Thursday that the IMF had scheduled a session of its Interim Commmittee for January, its first extraordinary session since the IMF began in 1944. The newspaper said the meeting would aim to implement ''emergency reforms'' of the IMF in a bid to foster the recent recovery in global financial markets and prevent another devastating market slide, as well as speeding up curbs on hedge funds and setting up a global financial market regulator. ((Rome newsroom +39 06 854 0049, fax +39 06 854 0568, rome.newsroom+reuters.com)) Copyright 1998 Reuters Limited.

To: John Hunt who wrote (23846)	12/6/1998 2:04:00 PM
From: John Hunt	Read Replies (2) \| Respond to of 116764

The Brazilian Financial Scam gold-eagle.com << In Brazil, a multi-billion dollar financial scam is in the making. The IMF sponsored operation is a "re-run" of last year's speculative raids on Southeast Asia which led to the confiscation of more than 100 billion dollars of hard currency reserves. On Friday September 11th amidst turmoil on the Sao Paulo stock exchange, some 1.7 billion dollars had quietly left the country in a single day. In October, the pace of capital flight (funneled through the FOREX market) was running at the pace of 400 million dollars a day. -- cont'd -- >>