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To: Ramsey Su who wrote (23493)	2/26/1999 10:50:00 PM
From: Ruffian	Read Replies (1) \| Respond to of 152472

Summers, Trip> US's Summers ends Japan visit with trade warning By Yuko Yoshikawa TOKYO, Feb 27 (Reuters) - U.S. Deputy Treasury Secretary Lawrence Summers wrapped up a visit to Japan on Saturday with a warning about rising protectionist pressures in the United States, especially over steel issues. Summers told Japanese Trade Minister Kaoru Yosano in a meeting on Saturday that bilateral trade issues required cautious handling, Japanese officials said. The officials of the Ministry of International Trade and Industry (MITI) said Summers also warned Yosano that protectionist pressures were rising in the United States, with a trade row over steel contributing to the friction. The United States has complained about a surge in steel exports from Japan, South Korea, Russia and Brazil following the outbreak of the Asian financial crisis in 1997. Earlier this month, the U.S. Commerce Department set hefty preliminary dumping duties on Japanese and Brazilian hot-rolled steel imports in response to U.S. industry complaints. The duties will not become final until after the department issues a final ruling and are conditioned on whether the independent U.S. International Trade Commission finds the domestic industry is being harmed by the imports. On a separate trade issue, Japan said it would welcome China's entry into the World Trade Organisation, while Summers reiterated the U.S. position that such an entry is dependent on China meeting certain market access conditions, the officials said. Summers also told Yosano that it was extremely important for the Japanese economy to recover in the next two years, stressing that deregulation on the ''demand-side'' was needed in order to achieve that recovery, MITI officials said. The officials said that there was no specific request made from Summers on ways to boost overall domestic demand in Japan. The MITI official said there was no discussion of monetary or fiscal economic policies or currency levels. On Friday, Summers stressed to Japan that the cure for its flagging economy depended on macroeconomic steps -- such as tugging monetary policy levers -- and not on a weaker yen. ''The exchange rate cannot be a substitute for policy,'' Summers told a media luncheon. During the trip, Summers reiterated the U.S. position that Washington wants Tokyo to pursue policies that will deliver strong domestic demand-led growth and contribute to a more balanced pattern of growth in the world economy. Summers' Japan stay ended a five-nation Asian tour which started earlier this week. He has visited Indonesia, Singapore, China, South Korea and arrived in Japan on Thursday. He returns to the United States later on Saturday. Related News Categories: US Market News

To: Ramsey Su who wrote (23493)	2/27/1999 12:33:00 AM
From: Maurice Winn	Read Replies (2) \| Respond to of 152472

Ramsey, SurferM wrote //Jerry Falwell just sent an emergency warning to his followers that Tinky Winky of TeleTubby fame was gay based on the indisputable facts that a) TW wears purple, a known color of gays, b) he carries a handbag, and, c) the antenna on his head is in the shape of a triangle, known to be a symbol of the gay movement.// Perhaps Jerry Falwell could be given a position with Xena Albright to teach the heathen Chinese the true light. It's good having you do the political rants for me - saves a lot of time. While you did point out the absurdity of the UN human rights rant, you neglected to point out the egregious USA approach in 'free trade'. The USA does not support free trade, as pointed out in the cheap sheep debates with Noo Zeeland, which few USA citizens could point to on a blank map either - to which some would say 'So what?' They are also getting themselves in a knot over trade balances, completely failing to understand the fluidity of money and trade flows. Good ranting! As Art says, Q! management seem highly capable of dealing in a civilized way in China and elsewhere in political as well as business spheres. Maurice PS: SurferM, I agree with your frustration on Gregg's absence. It is obviously a positive sign, meaning an agreement is incipient and Q! stock price is going to react and their lawyers obviously think that there could be some SEC or other repercussions if he made certain comments. Personally, I'm happy to tell people not to bother with due diligence, just take it from me that they should buy Qualcomm stock because I think it will make them a big pile of money! I tried selling that advice, even offering a double your money back guarantee if the price didn't reach a Fatwah level by 31 July, but got no customers and no calls from the SEC. Very disappointing! So there is obviously value in the secretive approach since Gregg has many more customers than I do.

To: Ramsey Su who wrote (23493)	2/28/1999 9:34:00 AM
From: Art Bechhoefer	Respond to of 152472

To: Ramsey, re China "She looked so stressed that you can almost fit bowling balls into those baggy sockets. It is scary to think that major decisions are made by someone like her who is obviously suffering from sleep deprivation." I was working with the U.S. Foreign Aid program in Turkey in 1966, when our boss, Secretary of State Dean Rusk, made an emergency trip to Ankara, accompanying the President of Turkey, who had died of diabetes while under treatment in the U.S. A delicate situation. After expressing his sincere regrets to the Turkish government and parliament, Rusk then met briefly with the American Embassy staff. You should have seen the bags under HIS eyes - would make Albright's look like mere pimples. At a time when the U.S. had its hands full in Vietnam, was still fighting the cold war, and was otherwise indisposed, the Secretary needed this one additional job like a hole in the head. Speaking to us, he said something I shall not forget: "It takes a lot of work to keep the peace." You are right to note that the U.S. does nobody any favors when it takes a holier than thou attitude IN PUBLIC. However, in my experience and study, it is also true that the U.S. has been most successful in its foreign policy when it followed the principles laid down in the Declaration of Independence and the Constitution, and least successful when it had other agendas. It takes a lot of hard work, and skill as well. As my father, also a foreign service officer, used to say, diplomacy is both art and science. Art

To: Ramsey Su who wrote (23493)	3/1/1999 10:14:00 PM
From: Jim Lurgio	Read Replies (3) \| Respond to of 152472

Ramsey , I have read your off topic rant and concerns about China . Did you ever think about moving back there ? I've often read that people that come to the USA miss the mother land but no one goes back ? Why ? I think an occasional good comment should be afforded for this great country even though we too have problems. My Grandfather always on the Holidays after grace toasted " God bless America ". While I was younger this was not a concern , but around 14 I asked why do you always say that ? He left his chair and walked over to me and pointed to his military picture hanging on the wall from the Italian Army and said " You are to young to appreciate what this great country means to you and why I chose to bring our family here. "