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Posted by BradyNet ( Thursday, May 13, '04 )

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GLOBAL MARKET HIGHLIGHTS

Dollars Without Borders 05-13-04 (NY Times) n the last five years, the age-old practice in which industrious folk send money from foreign lands to their families back home has become recognized as one of the most promising new ways to fight poverty.

US trade deficit hits record 46 billion dollars in March 05-13-04 (Yahoo) The United States' trade deficit mushroomed to a record 46.0 billion dollars in March, stunning analysts, as the warming economy gobbled up imports, government data showed.

IMF Chief Urges U.S. to Rein in Deficit 05-12-04 (Yahoo) Rodrigo Rato, the next head of the International Monetary Fund (news - web sites), said Tuesday the United States should use its current economic prosperity to gain control of its soaring budget deficits.

The nations employment numbers are getting better 05-12-04 (Yahoo) Employment and job creation figures for April released Friday spelled good news for Americans and for the general trend in the state of the economy. The Kerry campaign may be quietly disappointed, but what matters is that more people get back to work.

Dollar Dips Vs Euro Despite Rate Outlook 05-12-04 (Yahoo) The dollar slipped in late trade against the euro on Tuesday even as traders focused on prospects for higher U.S. interest rates, which would boost the appeal of dollar-denominated fixed-income assets.

S&P 500 Firms Beat Earnings Expectations 05-12-04 (Yahoo) With nearly all S&P 500 companies reporting, the index in the first quarter beat Wall Street's earnings expectations by 8.2 percent, and posted revenues 3 percent higher than projected, according to Reuters Research, a unit of Reuters Group Plc.

LATIN AMERICA

Miami, Colombia Behind Paramilitary Invasion-Chavez 05-13-04 (Yahoo) Venezuelan President Hugo Chavez said on Wednesday a force of Colombian paramilitaries captured near Caracas this week was part of a planned "invasion" plotted in Miami and Colombia.

US raps Brazil for expulsion of New York Times correspondent 05-13-04 (Yahoo) The United States rapped Brazil for expelling a New York Times correspondent after he wrote a story about President Luiz Inacio Lula da Silva's use of alcohol, saying the move was not in keeping with the country's tradition of press freedom.

Factory output data point to Brazils growth 05-13-04 (Financial Times) Further evidence of Brazil's return to growth emerged yesterday with the publication of industrial production figures for March.

ASIA

Opposition Warns of Revolt in Philippines 05-13-04 (Yahoo) The party of opposition presidential hopeful Fernando Poe Jr. warned Wednesday of another "people power" revolt if he's cheated of the presidency

Ch�vez rivals dismiss capture of mercenaries 05-12-04 (Financial Times) Opponents of Hugo Ch�vez, Venezuela's president, on Monday dismissed the alleged capture of dozens of Colombian paramilitaries at a tranquil estate in a Caracas suburb as a "set-up" intended to inflame political tensions.

Philippines Elections at a Glance 05-12-04 (Yahoo) Voters will elect a president, vice president, the House of Representatives, half of 24 seats in the Senate and about 17,000 municipal posts. The president's term is six years.

U.S., Britain and Asia drive global recovery 05-12-04 (Yahoo) PARIS The world economy is facing a two-speed recovery as the United States, Asia and Britain lead the way and the euro region fails to muster much momentum of its own, the Organization for Economic Cooperation and Development said on Tuesday.

OIL PRICES

Taking Some `Shock Out of Oil Prices 05-13-04 (Yahoo) -- It didn't take long. No sooner did job growth disappear as a stumbling block to a self-sustaining economic expansion than oil prices spread a viscous slick on global growth.

IEA Asks Suppliers to Explore for More Oil 05-13-04 (Yahoo) Demand for oil is growing at its fastest rate in eight years, but the economic recovery could fizzle unless suppliers keep pace by drilling new wells and producing fresh crude, the International Energy Agency warned Wednesday.

OPEC Powerless to Stem Oil Price Surge 05-13-04 (Yahoo) Oil prices burst to new 13-year highs above $40 a barrel on Wednesday on concern that OPEC (news - web sites) may not pump enough oil to meet rapidly accelerating world oil demand.

Fears over economic growth push up oil prices 05-13-04 (Yahoo) Oil prices moved beyond $40 a barrel on Wednesday, the highest for 13 years, amid fears that economic growth was stimulating an increase in oil demand that producers were struggling to fulfil.

Got Gas? - Oil isnt the only fossil fuel thats in crisis 05-12-04 (Yahoo) Now that you've finally adjusted to spiking oil prices, here comes another energy crisis�in natural gas.

Newest messages appear on top.

05-14-04 PILLZ: Syrian President Bashar Assad yesterday said he would not comply with a U.S. demand to expel Hamas and Islamic Jihad leaders from Damascus. <"These are not leaders. They are political spokesmen,"> Assad said during a meeting with American editors.

Assad added that he cannot expel the Hamas and Islamic Jihad men because they have nowhere to go. <"They can only return to their home country, and if they do that Israel will imprison them.> We don't expel people. They should go back home." the Syrian President said.

Khaled Meshal, Hamas' highest-ranking official, has lived in Damascus since 1999. Islamic Jihad leader Ramadan Abdullah Shallah moved to Syria in the 1990s.

The editors visited Assad's presidential palace in Damascus while on a fact-finding trip arranged by the Washington-based International Reporting Project. Assad also told the U.S. editors that their country had furnished no proof to warrant the imposition of sanctions on his country.

05-14-04 PILLZ: <<30 yr 97 14/32 -16/32 <<<5.55%>>>> come into my arms Baby, show me the sexy SIX! >

Vaaaallly, there will be no sexy SIX, even if she come, don't touch her, she will be no sexy anymore... See you in november in Fiji 3.5, I vhill explain you vhy..

05-13-04 victorn: Bolsa de Valores de Colombia se desplom� 6,17%, la ca�da burs�til m�s grande del pa�s

Seg�n los expertos se debe a la cada vez m�s inminente subida de las tasas de inter�s de Estados Unidos.

05-13-04 amigo latino: Iraq

<Eighty percent of Iraqis mistrust the coalition authority and 82 percent disapprove of US and allied forces in their country, The Washington Post said on Thursday quoting an poll conducted for the authority. The results of the survey, which has not been publicly released, are disheartening for occupation and Washington officials because they seem to indicate that the US effort in Iraq is not winning over Iraqi public opinion, said the daily.

Even more troubling is the fact that the residents of Baghdad, Mosul, Basra, Nasiriyah, Karbala and Ramadi were polled in late March and early April, before the surge in anti-coalition violence and the prisoner abuse scandal, the daily said��.>

http://www.dailytimes.com.pk/defaul...

05-13-04 moneypenny: Arnie can do anything, Vic. He's Arnie. We believe in him.

05-13-04 victorn: mp, yes, apparently he is a much better leader than those born in the usa. :-) but gop presidents love deficits. or would he have the guts to reduce military spending, for example?

05-13-04 moneypenny: Vic: No, just fond of Arnie. Today we learn he present his state budget and true to his word, he failed to hike taxes. Instead, he persuaded slimey corrupt California bureaucrats to accept cutbacks. Real leadership. We love Arnie!

http://www.investors.com/editorial/...

05-13-04 victorn: amigo isn't diario libre more objective? leonel 54%, hip�lito 30%, 10% ee.

05-13-04 victorn: wally what happens if it reaches 6%? you will start buying?

05-13-04 victorn: mp <exercise erratically> is this why you like arny so much? you have a guilt trip for not exercising on a regular basis? :-)

05-13-04 wally: <30 yr 97 14/32 -16/32 <<<5.55%>>>>

come into my arms Baby, show me the sexy SIX!

05-13-04 PILLZ: I'm off too, gona to laga Antverp.., see yu demain

05-13-04 PILLZ: <caffeine is addictive> drink expresso, not coffee, you have about 5 times more caffeine in coffee then in expresso, how shorter the expresso is how less caffeine you have..

05-13-04 panasonic: I'm off, good night colores!

05-13-04 amigo latino: Latest Gallup poll about DR elections

Mejia�s own polls say that Mejia is ahead!!

05-13-04 victorn: wally, btw, in the dictionary you should add k: frankenstein.

05-13-04 panasonic: <victorn: pana, <drinking coffee is a ritual here> why do you drink so much coffee with the heat you have in veni?> I'm not used to drink beer, and definitely caffeine is addictive.

05-13-04 victorn: mp <There is nothing like coffee> i sincerely hope many people around the world think like you. :-)

05-13-04 panasonic: <schvimming in vasser is good for your healt,, only in my vely humble exschperience..I am a <pool> guy full of debt> give vaallyy yr schwiss account number, so we both can rcv colores donations :-)

05-13-04 panasonic: <Pilly: Pana, I know personally Deotto and Claudio Zambelli, if you are interested to speek with them just tell me..> merci, let me check their site and we comment during weekend.

05-13-04 carib: Savo: found some cheaper sea urchins today...should we go on loading?

05-13-04 moneypenny: There is nothing like coffee. If it is hot, can do ice-coffee.

20 cups a day, healthy as a horse, drink only vinos argentinos occassionally, exercise erratically.

05-13-04 amigo latino: <Geoffrey Gottlieb, of Goldman Sachs: �DR Election Special�

Gottlieb underlines how the polls suggest an electoral win for Fernandez, and says:

�: �Such a result should be positive for bond prices and to avoid a debt restructuring. This is because his track record and campaign announcements are consistent with macroeconomic stability and economic growth.� Gottlieb says that �a convincing victory would be good for credit risk over the medium term,�

�While a successful surge by President Mejia�s campaign could undermine the needed 50% of the vote to win outright, second round simulations suggest Fernandez would still win 63% to 30%. However, a prolonged election (run-off would be June 30), particularly when one out of every two Dominicans thinks there will be fraud in the election, could spark instability and violence, providing further noise in bond prices.� >

<one out of every two Dominicans thinks there will be fraud in the election�.> Now the foreign analysts are getting to know the DR reality!

(I was critixized before to be alone in being pessimistic about DR)

05-13-04 victorn: pana, <drinking coffee is a ritual her> why do you drink so much coffee with the heat you have in veni? i only drink coffee when i am unfortunate to be in europe in winter. how about drinking beer? i think venis have the highest beer consumption per capita in latam.

05-13-04 amigo latino: <Merrill Lynch on DR election

David Beker, writing for Merrill Lynch in an Emerging Markets Daily release dated 13 May, says that should Hipolito Mejia reverse the present voting trends and win the election, the most probable scenario would be �to see more of the same.� The market analyst highlights how in recent weeks �local newspapers quoted him as promising to reduce taxation, to increase infrastructure investments and to eliminate the budget deficit at the same time.� The analyst says that if electoral polls are confirmed and Leonel Fernandez indeed wins, �confidence will probably be boosted locally, as he left the presidency in 2000 amid strong economic growth.� >

< should Hipolito Mejia reverse the present voting trends and win the election, the most probable scenario would be �to see more of the same.�..> It has been my assessment for a loooong time!

05-13-04 wally: just like this. colores slang for newcomers:

Autor: wally
Datum: 23.09.2003 18:16:42

Part 1

Canal = Panama

POCCIA Matka = Mother Russia

Barrionuevo12 & 30 = Ecuador12 & 30

Guano Bonds = Ecuador bonds

Erdogan30 = Turkey30 benchmark bond

In�irlik30 = Turkey30 benchmark bond

Lumpenstrudel = �UR

Samba = Brazil

Schweinkram = (Very) high yield bonds or shares; especially corporates

Schtock = shares

Tica = Costa Rica

Abu Sayyaf = Philippinnes

FARC = Colombia

Tequila = Mexico

Mullah = Iran

Guti = Ecuador's President Lucio Gutierrez

Gulf Shrimps = Qatar

Lovely Anne = Deputy Managing Director Anne Krueger of the IMF

Pinky = Venezuela's President Hugo Chavez Frias

Squid = Brasil's President Luiz Inacio 'Lula' da Silva

El Barbudo = Cuba's President Fidel Castro

El Patilludo = Argentina's former President Carlos Menem

O'Null = Former U.S. Treasury Secretary Paul O'Neill

LadronVagna = Argentina's Economy Minister Roberto Lavagna

SHREDDER = Germany's Chancellor Gerhard Schroeder

Juan Pullo = Germany's Minister of Finance Hans �ich�l

SparkassenHorstl = Horst K�hler, Managing Director IMF

GNoE� = Greatest Nation on Earth

Futfahrer = derogatory expression for a male person

IMO = in my opinion

IMHO = in my humble opinion

IMVHO = in my very humble opinion

imNSho = in my NOT SO humble opinion

FWIW = for what it's worth

sea urchins = Provincia de Buenos Aires

05-13-04 PILLZ: <can <schwimming in cash> be considered as <exercise>?>

Pana, no schvimming in cash is not good for your healt , schvimming in vasser is good for your healt,, only in my vely humble exschperience..I am a pool guy full of debt..:-)

05-13-04 wally: <I don't go on, if not you will have water in your month..> mafi mushqilla <pilly>! my wife has just finished to prepare most beautiful shwarmas which i will shove in my mouth now.

05-13-04 PILLZ: http://www.deotto-espresso.fr/forma...

Pana, I know personally Deotto and Claudio Zambelli, if you are interested to speek with them just tell me..

05-13-04 panasonic: <Pilly> question: can <schwimming in cash> be considered as <exercise>? if so, yes doing plenty these days :-)

05-13-04 wally: <Apparently, Congress party is a party of many corrupts from bottom to top> i fully agree with this statement <amigo>. as i mentioned already i don't like the policies of the BJP and i think bastards like Thackeray in Mumbai who incite riots during which innocent people are killed and maimed should be hung high by their necks where they die VEEERY slowly.

Vajpayee (whom i consider a man of integrity) had found a way for India to prosper and under his stewardship relations with Pakistan improved. unfortunately only the middle and upper classes prospered. the villagers did not receive even a small part of the "mithai" and therefore it was easy for Congress to "switch" their votes away from BJP.

interestingly Congress does not have (as it seems today) the necessary number of MPs to form a government and the worst thing for India might happen that they form a coalition with the CPI.

05-13-04 panasonic: <Pilly: I will prepare you a mail, give me two days, and Lavazza will contact you..> thanks, drinking coffee is a ritual here, if machine has add features over existing ones here, biz is a no-blainer!

05-13-04 panasonic: <Pilly> I drink (4) cups coffee, almost zero alcohol...need to start schwimming!

05-13-04 amigo latino: 04 wally: <Amateur: Wally, are you against Italians, or against Women? <what can one expect from an italian lady>> .she is just plain dumb! and my dislike for her has nothing to do with the fact that ��>

I agree that Sonia Gandhi is just < plain dumb!>. Her ownly interests until very recently(before she was drafted by Congess leaders to be the President of the party), were cooking and her children. Apparently her education was limited-----after high school, she studied languages(not for any degree)at Oxford. Of course her husband apparently was not that bright either(He got a degree from Oxford�for some strange reason, the children of presidents and prime ministers around the wolrd have no problems in getting degrees from Oxford and Harvard! Standards at the Institutions overglorified ?). He worked as a pilot, until he was drafted to be the prime minister after his mother�s death(mother: Indira Gandhi)��.most Indians apparently still believe in political dynasty and most Indian leaders want to groom their children to take their place(Mahatma Gandhi was an exception) .

Rajiv Gandhi apparently took a bribe of millions of dollars from a Swedish compnay called Bofors in awarding onr billion dollars contract and the bribe was arranged through Sonia�s family friend, called �Ottavio�, who ran away to Malayasia and ignored repeated citations from Indian investigators and courts. Apparently there was not sufficient cooperation from Swedish government either .. Because of the scandal Rajiv Gandhi lost his job�lost elections at that time. (Indira Gandhi and her father Nehru were not involved in personal corruption)

Recently a Delhi court threw out the (posthumous)corruption case against Rajiv Gandi for lack of evidence. Then Sonia said she knew all along that her husband was innocent and it was a political persecution�played out the victim role. Then a bomb shell fell: A Swedish police official who investigated the case said publicly that there are unanswered questions and there is a need to question Sonia and Ottavio!

Apparently, Congress party is a party of many corrupts from bottom to top.

((Indira Gandhi and her father Nehru were not involved in personal corruption. BJP top leaders shied away from corruption and anybody caught taking bribes were asked to resign promptly)

05-13-04 PILLZ: <sounds interesting, no joke, can you send me some info by e-mail? >

I will prepare you a mail, give me two days, and Lavazza will contact you..

05-13-04 panasonic: <Vic> a real good one :-)) I'll send it by e-mail to some friends.

05-13-04 PILLZ: <do Iraqis speak Hebrew? > those that I know , yes, and I like them..last time I was in Israel, I was invited to eat with two of them, they prepare their pilly, pitas at home, I don't go on, if not you will have water in your month..

05-13-04 panasonic: <PILLZ: Lavazza expresso point machines> sounds interesting, no joke, can you send me some info by e-mail?

05-13-04 PILLZ: <excessive coffee is bad for health...maybe some other day :-) >

Pana, I drink about 10 cups a day + 10 Lagas a day and still healty at 52.5, but I schwimm 1Km /day :-)

05-13-04 wally: <MEI, comes from maiim (water)> we Hejazi Ayrabs call water <moya> but the Iraqis call it <MEI>. do Iraqis speak Hebrew?

05-13-04 panasonic: <wally: <1 coffee = 16 cents, ladrones!> indeed <pana>! what if you publish your swiss account number that we colores transfer some donations which might enable you to have more than one cup of coffee a day?> hmmm, dont know....excessive coffee is bad for health...maybe some other day :-)

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