-Caveat Lector-

from:
http://www.aci.net/kalliste/
<A HREF="http://www.aci.net/kalliste/">The Home Page of J. Orlin Grabbe</A>
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Impeached POTUS

Schumer: Senate Could Boot Clinton

Predictions are hazardous

Sen.-elect Charles Schumer isn't betting President Clinton will hold
onto his presidency.
"Who knows? If you asked me six weeks ago whether the House would vote
to impeach the president, I'd say, 'No way.'

"So predictions are hazardous," Schumer said yesterday - expressing
surprisingly little faith Clinton can win Senate acquittal on charges he
perjured himself and obstructed justice in Sexgate.

"In the House, what started as a small group [who favored impeachment]
conglomerated into a large group.

"I hope that doesn't happen in the Senate, but it might," Schumer told
The Post as he dished out mashed sweet potatoes and green beans at a
Brooklyn YWCA Christmas dinner for 1,200 homeless people.

The congressman and his wife, Iris, and daughters Jessica, 14, and
Alison, 9, joined dozens of volunteers helping out at the annual dinner
and toy giveaway.

Schumer repeated his belief Clinton should be censured for his Sexgate
lies and cover-up - and finish his term.

The drive to avoid a "long and nasty" impeachment trial could gain
momentum, he said, following New York senior Sen. Daniel P. Moynihan's
pronouncement this week that he favors censuring Clinton.

Moynihan - who has clashed with Clinton and was one of the first
Democrats to blast his behavior - is highly respected and influential.

"I think what he says is going to have a lot of credence, not only with
Democrats but with Republicans as well," Schumer said.

About 20 gung-ho Republican senators "want to go all the way" and
convict Clinton on the two articles of impeachment - grand jury perjury
and obstruction of justice - approved by the House, and give him the
boot, Schumer said.

Removal requires 67 votes - two-thirds of the 100 members.

"They're not close to that," Schumer said.

"The question is: Will a small group have the disproportionate clout
that it had in the House?"

House Majority Whip Tom DeLay (R-Texas) said earlier this week if
senators "spend plenty of time in the evidence room" reading impeachment
documents, the votes "may appear out of thin air."

Moynihan, a constitutional scholar, had said earlier that perjury might
be impeachable. He now contends the charges against Clinton are not
serious enough, and that ousting him could "destabilize the presidency"
and weaken the nation.

Schumer warned an impeachment trial could be "very destructive."

"It would last a long time. It would be acrimonious. And it would take
us away from work we should be doing: making our schools better, our
streets safer, and preserving Social Security."

Schumer did not want to discuss reports the White House is gearing up to
attack Monica Lewinsky's credibility - and challenge her story that
Clinton touched her breasts and genitals. Clinton has sworn he never
sexually stimulated the lusty ex-intern.

"People want to avoid a long, nasty trial," Schumer said. "It could end
up being very nasty."

The New York Post, Dec. 26, 1998


Japanese Economy

Japan's Slump Won't Quit

Unemployment at record level

TOKYO - A series of reports Friday showed that Japan's economy continued
to crumble last month, with the unemployment rate rising to a record
high and no indication that the country is poised for a rebound.
The Management and Coordination Agency said Japan's unemployment rate
rose to a record 4.4 percent as corporations cut payrolls and suffered a
wave of bankruptcies.

In addition, government figures for November show that industrial output
is sliding and that sales at department stores are slumping. A report
from financial authorities also shows that Japan's troubled banks have
even more bad loans than previously thought.

The unemployment rate was the highest since the government started
keeping track in 1953. It had been stable at 4.3 percent for three
consecutive months to October.

For the first time, the unemployment rate in Japan equaled that of the
United States, where the jobless rate also was 4.4 percent in November.
While in Japan the rate is a record high, in the United States it is one
of the lowest rates in 30 years. Some economists, however, argue that
Japan's joblessness is probably higher than the official figure states
because unemployment is narrowly defined.

The International Monetary Fund said in a report released Monday in
Washington that it expected unemployment in Japan to average 4.9 percent
in the year through December 1999.

Taichi Sakaiya, head of the Economic Planning Agency, said the situation
would very likely get worse before it got better. ''There's strong
pressure for the jobless rate to rise,'' said Mr. Sakaiya, one of
Japan's top economic planners, adding that the rate was viewed ''with
grave concern.''

Large companies in Japan generally reduce excess labor by hiring fewer
university graduates and offering early retirement packages to older
employees. Of the 2.9 million unemployed in Japan, 800,000 are aged 24
to 34 years, and 550,000 are between the ages of 55 and 64.

The news was no better for Japan's once-mighty manufacturers. Industrial
output at factories and mines in November fell a larger-than-expected 2
percent compared with the previous month, the Ministry of International
Trade and Industry said. The fall was considerably larger than forecast
by private economists and the government.

While the ministry predicted there would be a 0.3 percent rebound in
production in December, it agreed with other forecasters that a recovery
was not yet in sight.

''There still isn't enough data to indicate that the economy has hit
bottom,'' the ministry said.

Meanwhile, the Trade Ministry also reported that sales at major
department stores and supermarkets fell 1.5 percent in November from a
year earlier, the seventh straight month of declines.

Also on Friday, the Japanese government approved a record budget of
81.86 trillion yen ($705.84 billion) for the year to March 31, 2000,
officials said.

The budget, adopted at a special cabinet meeting and pending approval by
Parliament, is up 5.4 percent from the initial outlay for the current
fiscal year ending March 31, 1999. The government aims to haul Japan out
of recession with the huge budget and achieve 0.5 percent growth in
gross domestic product, although 37.9 percent of spending will be paid
for by government debt.

This year the government has approved two stimulus packages worth a
combined 40 trillion yen, and it has set up a fund of 60 trillion yen to
deal with the banking crisis. The economy has contracted for four
consecutive quarters through September, and Tokyo estimates the economy
will shrink 2.2 percent in the year through March.

International Herald Tribune, Dec. 26, 1998
-----
Aloha, He'Ping,
Om, Shalom, Salaam.
Em Hotep, Peace Be,
Omnia Bona Bonis,
All My Relations.
Adieu, Adios, Aloha.
Amen.
Roads End
Kris

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