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Posted by BradyNet ( Friday, July 16, '04 )

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Manilas cowardly act 07-16-04 (Yahoo) The Philippines is pulling its troops out of Iraq to try to satisfy terrorists who kidnapped a Filipino truck driver.

When it comes to the economy, neither Bush nor Kerry sees the big picture 07-16-04 (USA Today) President Bush asserts he has led the U.S. to a solid economic recovery. Democratic presidential candidate John Kerry says the administration has let the U.S. down in terms of job growth.

Newsview: Iraq Becomes Political Problem 07-15-04 (Yahoo) The Iraq (news - web sites) war is not only a major election-year problem for the Bush administration, it is proving a monumental political pain for America's friends.

Summit Meeting: Bush New Conciliatory Approach 07-15-04 (Yahoo) Diplomacy in an election year: At the G8 conference on Sea Island, the beleaguered US president uses the once-shunned representatives of "Old Europe" as political props. But this staged harmony does a poor job of concealing continuing differences.

Evans Attacks Bushs Critics for Views 07-15-04 (Yahoo) Commerce Secretary Donald Evans, seeking to counter Democrats' criticism of President Bush's economic policies, says the administration is putting in place the building blocks for what could be the strongest decade of economic growth in memory.

US retail sales plunge, cast doubt on economic power 07-15-04 (Yahoo) US retail sales took a 16-month record plunge in June as shoppers fled car showrooms, government data showed, stirring concerns over the stamina of the economy.

US trade gap narrows as exports rise 07-15-04 (Yahoo) The US trade deficit narrowed slightly in May, according to official figures released on Tuesday morning.

LATIN AMERICA

Brazils president Lula losing support as reforms lag 07-16-04 (Yahoo) Two years ago, the wooden Jose Serra lost the Brazilian presidency to the charismatic Luiz Inacio Lula da Silva by the widest margin in the country's modern history.

Brazil Daily Oil Output Increases in June 07-15-04 (Yahoo) Brazilian crude oil production averaged 2.024 million barrels per day in June, up more than 4 percent from May, state oil company Petrobras said Wednesday.

ASIA

Hong Kong Tops Economic Freedom List 07-16-04 (Yahoo) Even though Hong Kong is experiencing political difficulties, it retains the highest ranking for economic freedom, according to a survey released Thursday.

India Sees Backlash Fading Over Boom in Outsourcing 07-15-04 (NY Times) The backlash against the outsourcing of software and back-office services to India appears to have died down,

OIL PRICES

Iraq oil export pipeline ablaze after attack 07-16-04 (Yahoo) Suspected insurgents set ablaze the export pipeline from Iraq's northern oil fields in a new blow to the caretaker government's efforts to revive the country's main revenue earner.

OPEC to Raise Oil Production by 2 Percent 07-16-04 (Yahoo) With the price of oil stuck above $40 a barrel, OPEC agreed Thursday to raise its daily production target by 500,000 barrels, or 2 percent, in an effort to keep crude prices from lurching even higher.

Oil Holds Near $40 After Inventory Report 07-15-04 (Yahoo) U.S. oil prices held just below $40 on Wednesday as a weekly U.S. government report showed a fall in crude and gasoline stockpiles but a rise in heating oil inventory.

Board Concerned Over Iraq Oil Production 07-15-04 (Yahoo) The international board charged with monitoring Iraq's oil revenue says it is concerned about the lack of equipment measuring how much crude is being extracted.....

Newest messages appear on top.

09-17-04 panasonic: <Ukraine> arranging political differences the "old fashion" way :-(

http://story.news.yahoo.com/news?tm...

09-17-04 panasonic: <amigo> pls stay safe!

http://story.news.yahoo.com/news?tm...

09-17-04 amigo latino: What the cold war warriors tried to hide from the American public �

<CNN equating Pakistan with nuclear terrorism

WASHINGTON: In a programme for schoolchildren studying in grades 9 to 12, the CNN is going to highlight Pakistan as the key source of �nuclear terror.� The early morning programme entitled �Nuclear Terror� to be broadcast on 20 September from 4 to 5 a.m. (US Eastern Standard Time), will ask the students the following questions: Why does Harvard Professor Matthew Bunn consider Pakistan to be a �serious problem�? Who is A.Q. Khan? Why has he been called the �Wal-Mart of Nuclear Proliferation�? How is Khan an example of the �insider threat� in Pakistan? Why is the stability of Pakistan�s leadership a particular concern for experts who track nuclear terror activities? According to a South Asian academic, �They are preparing the minds of tomorrow who may not know where Pakistan is but might now know that it is a case of �nuclear insider threat.� It is for the Embassy of Pakistan, which is currently without an ambassador, to protest to CNN and persuade the news network to take out the derogatory references to Pakistan. However, as far as this correspondent has been able to gather, the embassy is not aware of the programme so far. staff report>daily Times

09-17-04 amigo latino: <carib: Ruspan: I, for one, <still believe> that Saddam <had WMD>.......>

Belief over Reality is a common occurrence and shows the power of beliefs. We all experience it at some time or other, and it shows that human beings can never become completely �rational�.

09-17-04 amigo latino: < Argentina Mendoza Province Debt Swap Gets OK -Source BUENOS AIRES -- Argentina's Mendoza province has "clearly" topped the 50.3% required participation in its $250 million debt swap proposal, with a month still remaining before the offer closes, a provincial official said Thursday.

"We are clearly above this point (50.3%), and the process continues. The province intends to attain a high participation," said a provincial official, who is closely involved in the debt offer. The source added that provincial authorities wouldn't give precise numbers on creditor participation until the offer ends Oct. 15. The bonds are held by institutional and retail investors mainly in Europe and Argentina.The province said it had already secured more than 50% participation when it revised its debt swap offer in late August.

The first part of the debt swap offer ended Wednesday. Sept. 15 was the deadline for creditors to accept the proposal and thereby receive 100% of the unpaid interest on the debt. Those who accept the offer between now and Oct. 15 will get only 50% of unpaid interest. Provincial officials said earlier this month they should get most creditors on board by Sept. 15.Mendoza formally defaulted on its "Aconcagua" bonds on Sept. 4., when it failed to make a $12.5 million interest payment. The default was a pre-announced move aimed at pushing bondholders to quickly accept the offer.

Ratings agencies immediately moved to give a default rating to the $250 million bond issue. The province is seeking to swap the old notes, which expire in 2007, for new bonds that that come due in 2018. The new bonds will yield an annual interest payment of 5.5%, compared with 10% on the old notes. The province isn't seeking a nominal reduction in the debt.,,,,>wsj

09-17-04 ruspan: Carib:<I, for one, <still believe> that Saddam <had WMD>... becaused he used them, against the Iranians and the kurds, and that is IMHO proof enough. Now, what I do not know is what happened to them. As you see, opinions still differ even between <informed> people. > This is because you've discarded the information of the body that the world had created for this purpouse: UN wmd inspectors :-) Probably, you've discarded them induced by the malitious press :-) With a result of war, death and suffering for enormous amount of people. isn't it a good case to put them in tribunal for bad information?

09-17-04 ruspan: Carib:<SS one...> ...Soviet Socialistic... I didn't know you hate socialists that much :-)

09-17-04 ruspan: Carib:<Concerning the future, my concern is that <glasnost> appears to be going a bit in reverse, in Russia. > I would not be very concerned. Take an example of a similar situation (war, troops killing people and doing wild things): I would easyly find a dosen of inet and printed media in Ru, describing the unpleasant wild things done by their troops. And I doubt you'l be able to match it in US or UK.

09-17-04 carib: Ruspan: I, for one, <still believe> that Saddam <had WMD>... becaused he used them, against the Iranians and the kurds, and that is IMHO proof enough. Now, what I do not know is what happened to them. As you see, opinions still differ even between <informed> people.

09-17-04 carib: Ruspan: my objection to USSR was not in the U-R bit, but in the SS one...

09-17-04 carib: Ruspan: concerning those links.. they just prove plurality of sources is available. Most reports from Gaza/west bank, by the way, would have similar caracteristics. What is the point?

09-17-04 ruspan: carib:<in a way, the internet is a good <media equalizer>. Now, at least, people fluent in english and with a broadband connection can get all kind of information, irrespective of where they live.> Of course it is a good thing, however i would not overestimate it: people fluent in english was able to get all kind of informeation even by shortwave ratio, as it happened in my time. Trouble is 90% of the voters are too buisy for it and not very interested: they just read main papers or watch TV. This is how 70 % in US still believe Saddam had WMD and helped Osama :-) < The main problem is now... too much information. IMHO. Anyway, rebuilding the USSR would find a tough obstacle in the existence of the internet. :-) > I think there are more powerfull obstacles for it :-) BTW, Russia, Ukraine and Kasakhstan have agreed for a common space corporation: it would be 90 % of USSR one (or what is left of it). Comon sence works sometimes too.

09-17-04 carib: Ruspan: the reference to <80 years back> is only needed for those who seem to regret the demise of the USSR. If we start by agreeing that communism=shit, we can concentrate on the future. :-) Concerning the future, my concern is that <glasnost> appears to be going a bit in reverse, in Russia. I hope I am wrong, and that russian friends can put my concerns to rest. Concerning Chechenya: I am very badly informed, because, basically, I know very little. Some friends of mine were there leading official delegations, and their opinion was not favorable to the russians. But I do not know much directly.

09-17-04 carib: Amateur: in a way, I feel the Argy media are trying to go <back to the USSR>. I hope the internet frustrates their hopes of success.

09-17-04 ruspan: Carib: No need to 80 years back, just take news for today:

<BAGHDAD, Iraq (CNN) -- A U.S. air strike on a "terrorist meeting site" in Falluja Thursday night killed approximately 60 foreign fighters with ties to known terrorist leader Abu Musab Al Zarqawi, the Coalition Press Information Center said.> http://edition.cnn.com/2004/WORLD/m...

<Iraqi police said an air strike near the village of Qurush, between Baghdad and Falluja, had killed 20 and wounded 43. Reuters television images showed bloodied bodies, <including women and children,> on hospital beds in Falluja.> http://www.iraq.net/displayarticle5...

BTW: Past performance does not guarrantee the future - heared it somewhere? :-) What I wanted to tell you in a more serious mode is that something is getting seriously wrong with our press mechanism now, not 80 years ago. And sooner or later it will cause trouble for everyone involved. Chechen problem would be a good example... if Mr Basaev would be allowed back to his prime minister job, based on the widespread misinformation on the west.

09-17-04 carib: Ruspan: in a way, the internet is a good <media equalizer>. Now, at least, people fluent in english and with a broadband connection can get all kind of information, irrespective of where they live. The main problem is now... too much information. IMHO. Anyway, rebuilding the USSR would find a tough obstacle in the existence of the internet. :-)

09-17-04 Amateur: Grazie!

09-17-04 carib: Ruspan: again, we live on different planets. It's not unusual for governments to lie. But if you compare the kind of information available to intelligent readers of legal media in the US, Europe, and Russia during the last 80 years... well, a comparison is like Brasil playing against Grenada in football.

09-17-04 ruspan: PT: on Moscow times I am with Neznaika, I don't know who is paing for it, but it is absolutely patetic paper.

09-17-04 ruspan: Carib:<However, it would help dispelling <plot theories> if the Russian burocracy was not as used as it is to systematic lies.. I know, 70 years old habits are hard to die... > Perhaps you've choosed a bad moment to talk about it, Iraq's WMD too fresh on our memory :-) Let them periodists do their work for some years again. BTW: presizely I was surfing Neznaika's site and reading some of his articles laboriously dismembering some of the lies we're fed daily. Good work, inspite of a feeling he's trying to dry a lake glass by glass. I have spent the last week surfing the info on Chechen war through the western media, Carib, and I can tell you that we're fed a very bad stuff. I think in an ideal world mass media should be held responsible for some kind of desinformation, particulary when if brings misunderstandment between peoples, nations and ultimately even wars, approved by the people on wrong grounds.

09-17-04 k1: Brazilian Debt Rating Raised by Standard & Poor's to BB-

Sept. 17 (Bloomberg) -- Brazil's foreign currency debt rating was raised one level by Standard & Poor's to BB-, three levels below investment grade, from B+ as growing exports bring more dollars into the country.

Standard & Poor's said in a statement that it changed its outlook on the rating to stable from positive.

09-17-04 carib: Amateur: detto, fatto. :-)

09-17-04 Amateur: Pillz, Rogue, pse post in Q. some US HY closing prices for our weekend meditations, Tks! Carib, ditto, (EM)

09-17-04 Patient-Trader: Neznaika, <PT: I pity those taking their clues from a pathetic rag like Moscow Times.> I am of course honored by your kind feelings ... and would like to offer as well my charitable feelings to you because you draw general conclusions from examples. As you didn't notice apparently I rather dwell in the entertainment sections of the MT ... I had once the pleasure to visit the MT bureau in Moscow because some expat Dutch took me there. The general impression I got was that they are rather aloft and do most of their journalistic investigations in the evenings in the highly priced pubs in Moscow. Naturally that was a function of some them being "homeless" expats. That happened several years ago and have no clue what they are up these days.

09-17-04 carib: Savo: is the second part of your posting a <coded message> ? :-)

09-17-04 carib: <Sept. 17 (Bloomberg) -- The yen fell against the dollar for a third day in five on speculation Japan will resume currency sales should the economy's recovery slow. Japan's government last week cut its estimate for growth in the second quarter.

Zembei Mizoguchi, Japan's top currency official until July, told reporters in Tokyo that he sold record amounts of yen in the first quarter to prevent a stronger yen from jeopardizing the rebound. Some traders interpreted the comments to mean Japan is ready to again sell its currency should growth stall.>

Falling Dollar?

09-17-04 savonarola: Bear Sterns

The National Assembly authorized the government to issue up to US$1.5 billion in new bonds in the international or in the local debt markets, in euros or in dollars, to extend the maturity of domestic and external debt maturities due through the end of 2005. News reports indicate that the government will probably issue 10-year bonds as early as next week. <Minister of Finance Tobias Nobrega said also that the proceeds of this new issue would be used by the government to buy back debt or to swap them for obligations with shorter maturities.> The government's successful liability management strategy, combined with the cash flow windfall from high international oil prices, reinforce the positive economic outlook for Venezuela, extending at least through 2005. (JC) September 17, 2004 Emerging Markets Sovereign Journal Weekly � Page 9 Indonesia � The Rupiah Is Getting Stronger Pakistan and India � Inflation Trends Source: Bloomberg. Source: Bear Stearns EM Sovereign research. Ukraine � Current Account
(US$ in MM, 12 -Month Moving Avg.) Uruguay � Real GDP Growth Sources: BSIL; NBU. Source: Banco Central del Uruguay and Bear Stearns EM Sovereign Research. The research analysts who prepared this research report hereby certify that the views expressed in this research report accurately reflect the analysts� personal views about the subject companies and their securities. The research analysts also certify that the analysts have not been, are not, and will not be receiving direct or indirect compensation for expressing the specific recommendation(s) or view(s) in this report. 8200
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Rupiah/$ Exchange Rate
0 1 2 3 4 5 6 7 8 9 10 Feb-03
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Pakistan CPI India WPI
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-8 -6 -4 -2 0 2 4 6 8 10 1997 1998 1999 2000 2001 2002 2003 2004f Percentage

09-17-04 Fox: hasta ma�ana!

09-17-04 carib: Ruspan: IMHO the claim was true, not <a KGB plot>. However, it would help dispelling <plot theories> if the Russian burocracy was not as used as it is to systematic lies.. I know, 70 years old habits are hard to die...

09-17-04 ruspan: pax:<~ Is he really stupid enough to have ordered such a thing and then to ADMIT it? I can't believe he would want the Chechen rebeels to look so bad, so can we please have some hard proof he really said it? > Of course it is a KGB scam: Mr Basaev is a peace loving ex - Prime Minister under the Presidency of Mr Mas'hadov, whom we all know as a moderate freedom fighter here in the west.

09-17-04 carib: R$ shorts= fio dental!

09-17-04 Fox: Guys going to get my afternoon <Earl Grey>

PD: havent some since may!

09-17-04 Fox: <same room> True compadre true!!

09-17-04 carib: Fox: <listen to the same music> cool! maybe one day we manage to do that... in the same room. :-)

09-17-04 Fox: <how are the short dollars doing?> Velly well!!!!

Rumor Soros & GS made big NDF today totalling USD 250 mio, long R$ short USD.

09-17-04 Fox: VE Rep 27 99.10 99.40 0.40 479 -9 9.31 440 09/17 15:33

09-17-04 carib: <Advice: how are the short dollars doing?> well, I suppose.
now, what about the R$ shorts?

09-17-04 carib: Advice: how are the short dollars doing?

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