-Caveat Lector-

from:
http://www.aci.net/kalliste/
<A HREF="http://www.aci.net/kalliste/">The Home Page of J. Orlin Grabbe</A>
-----
Today's Lesson From Partners in Power

by Roger Morris


Clinton would later claim that he learned of the Lasater probe only at
the last moment in the fall of 1986. But not only had Goodwin received
earlier briefings in the governor's office, the inquiry itself had been
what investigators called "a spinoff of the Roger Clinton
investigation," the files and testimony of which the governor and
Roger's lawyers had followed closely. In any event, even with the
Lasater inquiry at its height, Clinton lobbied heavily and successfully
for a bond issue for a new state police communications system, an issue
for which Lasater and Company would receive $750,000 in underwriting
fees while its owner was under active investigation for multiple federal
and state felonies. "Because they backed the right individual in
Clinton," Butch Locke would tell the FBI, "Lasater and Company received
the contract."
=====

Pathological Liars

Clinton Says He Never Used Cocaine

In other news, Clinton says he never heard of the Cali cartel

President Clinton entered the cocaine fray yesterday -- albeit by proxy
-- saying he has never used the drug.
Gennifer Flowers, who had an affair with the president, told Fox News
Channel on Aug. 18 that Mr. Clinton once told her he had used cocaine.

"The president has never done cocaine," said Jim Kennedy, a spokesman
for the White House counsel's office. "That applies to his entire life."


As Republican presidential candidate George W. Bush tries to fend off
questions about past drug use, Mr. Clinton addressed a rumor that has
swirled about him for years.

In Roger Morris' 1996 book "Partners in Power," a dual biography of the
president and first lady Hillary Rodham Clinton, Mr. Morris quotes the
president's younger half-brother on a 1983-84 surveillance film stating,
"Got to get some [cocaine] for my brother. He's got a nose like a vacuum
cleaner."

Roger Clinton pleaded guilty in 1984 to federal charges of cocaine
distribution and conspiracy. He served half of a two-year sentence.

Questions about cocaine have taken on a new currency in politics this
campaign season, even as questions about marital fidelity and marijuana
recede.

Lincoln Chafee, a Republican who is seeking a U.S. Senate seat in Rhode
Island, told an interviewer over the weekend that he tried cocaine in
the 1970s.

Mr. Bush, the front-runner for the Republican presidential nomination,
has spent the last week battling drug inquiries that posed the first
threat to his campaign juggernaut.

No one has produced any evidence that the Texas governor used cocaine,
but his initial refusal to answer the question definitively only brought
more queries.

The questions do not appear to have hurt Mr. Bush's campaign. He led
Vice President Al Gore 54 percent to 37 percent in a CNN-Time poll
released Friday. Perhaps most significant, 84 percent of respondents
said that if Mr. Bush did use cocaine when he was in his 20s, it should
not disqualify him for the presidency.

A Boston Herald poll conducted Thursday and Friday found that the
cocaine questions did not hurt Mr. Bush among likely GOP primary voters
in New Hampshire. Mr. Bush led the GOP primary field with 45 percent of
the vote, far outdistancing his closest challenger, Sen. John McCain,
Arizona Republican, with 11 percent.

"The cocaine issue is just not cutting," pollster R. Kelly Myers told
the Boston Herald.

Mr. Bush is getting ample advice from candidates and campaign operatives
in both parties.

James Carville, Mr. Clinton's former campaign adviser, is urging Mr.
Bush to clam up.

"The next time you get a drug question, the only appropriate answer is
'What part of no don't you understand,' " Mr. Carville writes in an
article titled "Just Say No" in this week's Time magazine. "What you did
25 years ago doesn't matter; what you did during the past 25 days should
matter."

But two of Mr. Bush's GOP rivals say he should open up.

Sen. Orrin G. Hatch of Utah says Mr. Bush should answer the cocaine
question and put the issue behind him. Gary Bauer, former head of the
Family Research Council, chides Mr. Bush for his "Clintonian approach"
of partial denials and partial explanations.

Through Wednesday, Mr. Bush offered his familiar response, that he "made
some mistakes" in his past, but had learned from his mistakes and he
would not answer whether he had ever used illegal drugs.

In Thursday's edition of the Dallas Morning News, Mr. Bush answered a
specific question. He said he could pass an FBI security clearance,
meaning he had not used illegal drugs in the past seven years. In
Roanoke the same day, Mr. Bush went back 15 more years, indicating he
had not used illegal drugs since 1974.

Mr. Bush said he could have passed such a background check "when my dad
was president of the United States, a 15-year period."

As for Mr. Clinton, Miss Flowers said in an interview on the Fox program
"Hannity & Colmes" that Mr. Clinton had smoked marijuana in her presence
as attorney general and as governor.

"He made it very clear that if I ever wanted to do cocaine, that he
could provide that," she said.

Miss Flowers said Mr. Clinton "also told me that there were times he did
so much cocaine at parties that his head would itch."

But in March 1992, Betsey Wright, a Clinton campaign aide, told the Los
Angeles Times that Mr. Clinton, then the governor of Arkansas, had never
used cocaine or knowingly been in its presence.

"I asked him the following questions" she told the newspaper.

" 'Bill, have you ever used cocaine?' He replied, 'No.'

"I said, 'Bill, have you ever been in a room where you were aware there
was cocaine?' "

"He replied, 'No.' "

During his 1992 presidential campaign Mr. Clinton denied that he had a
12-year affair with Miss Flowers. But he later testified under oath in
the Monica Lewinsky affair that he had a sexual encounter with the
former television reporter and cabaret singer.

In November 1990, Mr. Clinton, then governor of Arkansas, pardoned Dan
Lasater, a Little Rock bond trader and convicted cocaine distributor who
had contributed to his campaign. Mr. Lasater once loaned $8,000 to Roger
Clinton to pay a drug debt.

Mr. Clinton said in 1994 that he barely knew Mr. Lasater, and that the
bond trader had contributed to the campaigns of other Arkansas Democrats
as well, including Sens. Dale Bumpers and David Pryor.

The Washington Times, August 24, 1999


Assassination Politics

Clinton's Head is Worth �72

However, the content of his nose is worth $2000 an ounce

A REWARD of 5 million afghanis (�72) to anybody who kills President
Clinton is being made by an Afghan religious scholar who supports the
Taliban.
Maulana Abdur Rahim Muslimdost said in Peshawar, Pakistan: "It is
little, but in my view his head is not worth more." He said his offer
was in retaliation for the $5 million (�3 million) America is offering
for the arrest of Osama bin Laden, the Saudi terrorist, who is in
Afghanistan under Taliban protection.

Last weekend, the Taliban again accused the Clinton administration of
double standards by supporting terrorism worldwide while demanding the
extradition of bin Laden.

The growing threat posed by Pakistani fundamentalists and pressure from
America has forced Islamabad, which backs the Taliban, to try to mediate
an end to the heavy fighting between Taliban forces and the opposition
Northern Alliance.

Yesterday, a Pakistani delegation left for Dushanbe, the capital of the
Central Asian republic of Tajikistan, for a second round of talks with
the Northern Alliance to try to persuade it to negotiate with the
Taliban.

The London Telegraph, August 24, 1999


Japanese Banking

Japanese Bank Shares Surge

Gain of 23 Percent Since Thursday


Japanese bank shares surged 11.6 per cent yesterday, bringing the gain
in the sector to 23 per cent since Thursday, as investors forecast
further consolidation.


Friday's announcement by Industrial Bank of Japan, Dai-Ichi Kangyo and
Fuji that they planned an alliance to create the world's biggest banking
group with assets of $1,270bn sparked forecasts of similar deals.


Brian Waterhouse, analyst at HSBC Securities, said: "It looks certain
that other banks will be forced into mergers - and soon."


Shares in IBJ, DKB and Fuji rose by their maximum permitted daily amount
of �200 ($1.80) yesterday. Fuji closed at �1,243 , DKB closed at �1,209
and IBJ closed at �1,284, all 19 per cent higher.


"Almost all the financial institutions are in play . . . we are raising
our sector recommendations [for large banks] to overweight for the first
time since 1992," added Mr Waterhouse.


Sanwa Bank yesterday accelerated its plans to strengthen its alliance,
announced earlier this year, with Toyo Trust, its wholly owned
subsidiary.


The company said it would merge its trust bank operations with Toyo
Trust in six weeks. The markets are now watching to see if Sanwa will be
pushed into other deals.


James Fiorillo, analyst at ING Barings, suspects that commercial banks
such as Sumitomo and Sakura, or trust banks such as Mitsubishi Trust,
may also now be merger candidates. "This [Fuji-DKB-IBJ deal] would
appear to consist of the first shot in a series of like moves," he said.


Observers also suggested that consolidation might soon stretch to the
life assurance companies, potentially creating Japan's first
"bancassurance" groups - or financial companies which include both
banking and life assurance.


Dai-Ichi Mutual, for example, which already has a broad business
alliance with IBJ, and close ties to Fuji and Dai-Ichi Kangyo, said that
it "welcomed" the banks' alliance.


It would consider joining the holding company formed by the three banks,
possibly after listing itself on the stock exchange.


Dai-Ichi Mutual also has close links to Yasuda Mutual, the leading life
assurance company in the group led by Fuji Bank. Dai-Ichi Mutual
yesterday denied that it had plans to move closer to Yasuda Mutual, or
Fukoku Mutual and Asahi Mutual, two other life assurance companies with
close ties to Dai-Ichi Kangyo.


The number of big banks in Japan has fallen from 21 to 16 over the past
two years as consolidation has gathered pace.

The Financial Times, August 24, 1999
-----
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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