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To: marcos who wrote (1302)	2/23/1999 6:35:00 PM
From: Paul Berliner	Respond to of 3536

Krugman's allegations overshadowed by emergence of new scandal: bridge.com JP Morgan, BankBoston among those mentioned.

To: marcos who wrote (1302)	2/23/1999 7:25:00 PM
From: Paul Berliner	Respond to of 3536

Marcos, thanks especially for the third link - it is certainly a worthy bookmark. I personally don't have any great links like that to post, but I can offer you my self-compiled list of optionable ADRs for macro speculation. Of course, telecom stocks or banks are the favorites of most traders looking to play a country's market. Some people may have it already if I've emailed it to them: >Optionable ADRs for macro-speculating Vol. 3 Japan - MBK, HIT, SNE, HMC Hong Kong - HKT, CHL, AAP, NUS China - SHI, SH Philippines - PHI Taiwan - TSM Singapore - PAP, CREAF Indonesia - IIT, TLK, GRL Korea - SKM, PKX Australia - NWS, NWS.A New Zealand - NZT Africa - AU, ASL Canada - TD, CP, BCE, NT, CNI, AL, ABY, MEOHF, CXY, GOU, NN, HUMCF, PDG, AEM, ABX, TZH, GNSS Brazil - UBB, TBH, TNE, TCP, TSP, TCS, ARA, BRH, TSD Mexico - TMX, TV, KOF, MXF, ELM, ICA, GTR, GEM, TZA, TMM, FMX, TAM, VTO Argentina - BFR, BRS, TAR, TEO, YPF, BGALY Chile - CTC, ENI, MYS Venezuela - VNT Peru - TDP, PCU Central America/Carribbean - BPOP, CLRP, WBPR Spain - TEF, STD, BBV, ELE, REP, GSP U.K. - BTY, BAB, BST, VOD, COLTY, CWP, CWZ, BOX, CSG, HAN, BTI, ICI, BSY, BPA, DANKY, DEO, GLX, SELAY, LVA, SC, RTRSY, SBH, BRG, GLH Italy - TI, E, GUC, FLH, LUX Portugal - ESF, PT (Portugal Telecom is now optionable). Denmark - TLD, OLCMF France - FTE, ALS, ALA, ELF, DA, BOBJY, RHA, CXIPY, RP Netherlands - ING, AAN, KLM, UN, NH, PHG, AEG, STM, AKZOY, ASMIF, ASMLF, BAANF, MADGF, CLB, IST, EBY, QGENF, AHO, RD Germany - DT, SAP, FMS, DCX, HOE Ireland - RYAAY, CBTSY, ELN, SAVLY Sweden - ERICY, A, VOLVY Finland - NOK.A Norway - PGO, SCSWF, STLTF Belgium - XEIKY Russia - VIP Israel - ORBKF, CHKPF, GILTF, TEVIY, NICEY Other - EMF (Templeton Emerging Markets Fund), APB (Asia Pac. Fund).

To: marcos who wrote (1302)	2/24/1999 5:15:00 PM
From: Chip McVickar	Respond to of 3536

Notes for the Thread: Greenspan Warns About Minimum Wage By DAVE SKIDMORE .c The Associated Press WASHINGTON (AP) -- Raising the minimum wage could deny some teen-agers their chance at entry-level jobs, Federal Reserve Chairman Alan Greenspan said Wednesday. Responding to questions from House Banking Committee members while delivering the Fed's semiannual report to Congress, Greenspan said increasing the wage probably would push inflation higher. But he said his main concern was ''individuals who become unemployed because of the minimum wage.'' ''Being unemployed when you're a teen-ager ... is very detrimental to ... learning by training and becoming a productive member of the work force,'' he said. President Clinton, in his State of the Union address last month, proposed raising the wage by $1 to $6.15 by September 2000. House Speaker Dennis Hastert, R-Ill., said Sunday that Republicans were willing to work with Democrats to find a middle ground on the issue. Greenspan said raising the wage wouldn't cause job losses immediately because, with unemployment at a 29-year low, demand for workers is huge. ''When the economy turns down at some point ... we're going to find ... that teen-age unemployment will be higher than it would otherwise have been,'' he said. Rep. Bernard Sanders, I-Vermont, asked Greenspan why he didn't oppose multimillion-dollar salaries paid to corporate chief executives. Greenspan conceded that shareholders may be ''wasting their money'' on CEO salaries but said his position was consistent. ''I'm arguing that the government should not be involved ... in both cases,'' he said. On other subjects, Greenspan said: Recent layoffs at Levi Strauss & Co. reflected ''a very specific problem associated with the industry and with the company'' and were not a signal of a significant shift in the economy. Farm exports have fallen dramatically, mostly because of a drop in demand in Japan and other parts of Asia, and, absent a revival of that demand, ''It's going to be difficult to work our way through this particular problem.'' Domestic steel producers have been hit hard by a surge in cheap imported steel but, ''prices are stabilizing, ... orders are coming back a bit now, and the real pressures are easing in the steel industry.'' AP-NY-02-24-99 1608EST