Guest Posted October 2, 2004 Report Share Posted October 2, 2004 World Citizens Use Web to Weigh In on U.S. Foreign Policy By Maggie Farley The Los Angeles Times Friday 01 October 2004 Sites give others a voice to help Americans understand how U.S. actions are perceived. New York - Since the U.S. presidential election will affect people around the world, shouldn't everyone have a vote? A handful of Web-based groups are trying to at least give citizens of other countries a voice. "The World Speaks" is a loosely linked constellation of five international websites that discovered they had converged on the same idea: letting people talk to Americans through the Internet about the effects of U.S. foreign policy on the world. The Netherlands-based theworldvotes.org gives each registered member a mock vote in the U.S. election, with the results to be announced Nov. 2. More than 10,000 people have signed up - the majority from Europe and about 200 from Africa. An article on the site, republished from the Yale Daily News, says that each U.S. citizen's vote counts for 20 others who are affected by U.S. policy but not represented. "The United States has a military presence in approximately 140 countries around the world," Nick Robinson wrote in the essay. "It decides if and how AIDS drugs will be administered in Africa. It pushes for the privatization of energy in India while shaping land reform in Tajikistan." The U.S. president's "power is dramatic and sweeping," he said. On other sites - such as earthtoamerica.org , opendemocracy.net and theworldspeaks.net - "global citizens" debate whether they are beneficiaries or victims of U.S. policies and whether they would prefer to have some other nation be the world's policeman. http://www.truthout.org/docs_04/100204E.shtml Link to comment Share on other sites More sharing options...
Guest Posted October 2, 2004 Report Share Posted October 2, 2004 Plunger....There is a politically savy lot in the 'Company' that will go out of their way to protect the Company with leaks to print media. Conjecture has it that Nixon's leak, DEEP THROAT, was Company....not terribly far fetched Link to comment Share on other sites More sharing options...
Guest Posted October 2, 2004 Report Share Posted October 2, 2004 It's the IQ Stupid By Tim Grieve Salon.com Friday 01 October 2004 Kerry outsmarts Bush in the crucial first debate. As the night went on - as Bush smirked and stumbled and even seemed to sigh - Kerry hit his stride and found his strength. The moment came about half an hour in, when Lehrer asked Bush about his policy of preemptive war. Bush said he had "never dreamt" of starting a war before Sept. 11 - "but the enemy attacked us, Jim." Kerry was on it, and his response was devastating. "The president just said something extraordinarily revealing and frankly very important in this debate," Kerry said. "In answer to your question about Iraq and sending people into Iraq, he just said, 'The enemy attacked us.' Saddam Hussein didn't attack us. Osama bin Laden attacked us. Al-Qaida attacked us. Bush had no response, at least no intelligent one. "Of course I know Osama bin Laden attacked us," he said. "I know that." But it wasn't so clear sometimes that Bush did know that. Earlier in the debate, he had mixed up Saddam Hussein and Osama bin Laden and had to stop to correct himself. On a day when 41 Iraqis were killed in car bombings - 34 of them children getting candy from U.S. troops - Bush said nothing at all about the suffering of the Iraqi people. He described Iraq in the way that some people talk of losing weight: "It's hard work." Link to comment Share on other sites More sharing options...
purdymouth Posted October 2, 2004 Report Share Posted October 2, 2004 Bond bull? ... in no way ready to hang it up on the long bond bull market that has served his firm and its institutional clients so well for so long. Even if virtually every other bond manager extant sees bond prices falling. And the fact that the Fed has been raising short rates only reinforces Lacy?s belief that long rates have further to fall... Link to comment Share on other sites More sharing options...
Butterfield 8 Posted October 2, 2004 Report Share Posted October 2, 2004 Plunger - If even the NY DA's office approves blatant manipulation of markets - for whatever reason - then I don't see any further reason to trade. Link to comment Share on other sites More sharing options...
Guest Posted October 2, 2004 Report Share Posted October 2, 2004 Plunger - If even the NY DA's office approves blatant manipulation of markets - for whatever reason - then I don't see any further reason to trade. Precisely. Link to comment Share on other sites More sharing options...
Hiding Bear Posted October 2, 2004 Report Share Posted October 2, 2004 China's view of the G-7 meeting is below. No, they didn't say they would be devaluing right now, but they hav egiven the green light to forward markets on their currency - which implies greater convertibility. In a related matter, which is almost funny, the China have joined the InterAmerica Development Bank (IDB). Apparently they are Amercians now! I just it's just a matter of time before we have to learn Chinese. China's Finance Minister Jin Renqing and Governor of People's Bank, the central bank, Zhou Xiaochuan, held informal talks in Washington, D.C., October 1, with their counterparts of the Group of Seven industrial countries, the first such talks between China and the G7. China pledged to "push ahead firmly and steadily" toward a more flexible exchange rate without providing a timetable for the shift from a currency peg. Chinese officials, including Zhou Xiaochuan, governor of the People's Bank of China, have talked about scrapping the peg to the dollar in favor of a link to a group, or basket, of currencies, for at least two years. The central banker, who is in Washington for the talks, said in April that giving markets a greater role in setting the value of the yuan is a "top priority." "We have the feeling that the message has been received," European Central Bank President Jean-Claude Trichet said in a news conference. http://www.chinadaily.com.cn/english/doc/2...tent_379514.htm China expressed its intention to join the Inter-American Development Bank (IDB), and voiced willingness to made a greater contribution to the cause of poverty reduction in Latin America and the whole world. "The United States supports China's endeavor to join the IDB," said the statement. PS Can we be sure that AG isn't some reptilian like alien from Mars? Link to comment Share on other sites More sharing options...
Hiding Bear Posted October 2, 2004 Report Share Posted October 2, 2004 What a week, eh? Bobbing Head Bear posted on Oct 1 @ 6:52 PM MT (By the way Welcome, Bobbing Head Bear) Me think this is the event we have all been waiting for..... Ranger Rick and Rog have pointed out there has been MASSIVE selling in the Treasuries in the last few days. What other clues should we be looking for? IF you were Al, what would you do? Anyone here have a position on her yet? Think she is terminal like WCON and Enron? Will they drag her around like Bernie until the stench becomes unbearabul? What is the over/under time frame for the 9001 hedgehogs to lose all its money so we can continue this BEAR? Blaming the matrix is really sad... (for most of us) trying to out gamble each other and thinking you can or should win is moronic. The game will be here until we all lose all our money. This is a bull mkt is metals and a bear in paper... Just position and hold. Getting back to Bobbing Head's first paragraph, this little "noise" on Fannie will be quietly simmering in the background until someone remembers that they forgot to release the pressure valve on the cooker. If you read Eavis's comments regarding the possible true amount Fannie may have to come up with to cover her ass to meet the increased reserve requirements, things begin to get real interesting. In summary he thinks due to derivatives trading losses that the true amount required may be 20 billion instead of 8 billion. I expect some big fat heads to roll at Fannie real soon. Of course the spin will be that the "ethic" cleansing was necessary to get things back on track and every attempt will be put forth to give infestors the warm fuzzies. In reality I expect whoever gets the reins from Raines is going to discover that their steed is ready for the glue factory - ala Enscam and Worldcon. It wouldn't surprise me to read that Raines' replacement retires due to health reasons within a year of taking charge. He ought to be plenty sick by then. In regards to FNM, who knows if they lost $8 B, $20B, or more? Now that the lid is coming off of FNM's black box, we will know within, say about three months, whether or not it will survive. I think the odds favor it won't, but it might. If and when it goes down, it will go down very quickly - possibly traders will have little or no time to react. We will just wake up one morning and FNM will be under the management of US taxpayers. As Icky Twerpt pointed out last night, this will cost new home buyers and refinancers. The disconnect between what may come ahead and what people believe seems larger than ever. In this kind of environment, GWB may still hang on just long enough to get elected - for the first time! Link to comment Share on other sites More sharing options...
Guest Posted October 2, 2004 Report Share Posted October 2, 2004 "Few of us", wrote the playwright Arthur Miller, "can easily surrender our belief that society must somehow make sense. The thought that the state has lost its mind and is punishing so many innocent people is intolerable. And so the evidence has to be internally denied." http://www.truthout.org/docs_04/100204D.shtml Link to comment Share on other sites More sharing options...
Guest Posted October 2, 2004 Report Share Posted October 2, 2004 Little noticed, and worthy of lengthy consideration, is a speech delivered by then-Defense Secretary Dick Cheney in 1992 to the Discovery Institute in Seattle. The words of our future vice president - defending the decision to end Gulf War I without occupying Iraq - eerily foretell today's morass. Here is what Cheney said in '92: "I would guess if we had gone in there, I would still have forces in Baghdad today. We'd be running the country. We would not have been able to get everybody out and bring everybody home. "And the final point that I think needs to be made is this question of casualties. I don't think you could have done all of that without significant additional U.S. casualties. And while everybody was tremendously impressed with the low cost of the (1991) conflict, for the 146 Americans who were killed in action and for their families, it wasn't a cheap war. "And the question in my mind is how many additional American casualties is Saddam (Hussein) worth? And the answer is not that damned many. So, I think we got it right, both when we decided to expel him from Kuwait, but also when the president made the decision that we'd achieved our objectives and we were not going to go get bogged down in the problems of trying to take over and govern Iraq." http://www.truthout.org/docs_04/100104A.shtml Link to comment Share on other sites More sharing options...
soup Posted October 2, 2004 Report Share Posted October 2, 2004 the major theme re fnma, imo, is liquidity crunch. Regardless of what they lost, ( after all they do not proivide timely fin statements) they are being forced to shrink their B.S. I can not think of one thing more Bearish for stocks. Of ocurse they know the same and that is why days like yd happen. Reading the garbage emanating from the g7 firther reinforces the grand socialist/fascist empire has taken over. STATISM at its finest. Link to comment Share on other sites More sharing options...
brian4 Posted October 2, 2004 Report Share Posted October 2, 2004 Yesterday Oil closed on NYMEX for the first time ever over fifty bucks and today I read a news article where the G-7 now the Gang of of 8 with China is "urging producing Countries to increase volume to bring down price." We all know there is no way volume can increase yet they go on to bleat "we still assume that prices will come down in the near term." The only thing that will come down is the value of the U.S. $ which will soon be known as the Peso. The G-7 meeting is simply about setting up a controlled devaluation rather than a panicked market one. This means that the American consumer is about to get reamed. The greatest CONSUMING society on the face of the Earth is going to PAY much more for imported goods and virtually everything IS imported. It means much more than inflation, it means the Economy is about to get hit with a Mack Truck. Now is the time to buy the Loonie, or Ozzie or Swiss currencies and add to Gold and Silver. Link to comment Share on other sites More sharing options...
traderfromhell Posted October 2, 2004 Report Share Posted October 2, 2004 Any recommendations on where do park cash which will not be converted to metals? Is Everbank an alternative for a US citizen or would RBC be a better alternative? The thought is to convert $US to Canadian Dollars. Link to comment Share on other sites More sharing options...
Guest Posted October 2, 2004 Report Share Posted October 2, 2004 Saks Inc. said it will close eight Saks Fifth Avenue stores and three Off 5th stores, cutting about 700 jobs http://www.sun-sentinel.com/business/local...iness-headlines Link to comment Share on other sites More sharing options...
soup Posted October 2, 2004 Report Share Posted October 2, 2004 I would love to hear others thought's about the potential ( I think it is baked int he cake) liquidity crunch due to fnma's crimes. ///// MOst excellent headline from todays Barrons "THE STRIKING PRICE Fallible VIX by Kopin Tan Low volatility doesn't necessarily point to a peak in stocks." Link to comment Share on other sites More sharing options...
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