Search

 

Cablegate: Media Reaction: Economy: Stock Exchange Turbulence;

VZCZCXYZ0003
OO RUEHWEB

DE RUEHSO #0030 0231020
ZNR UUUUU ZZH
O 231020Z JAN 08
FM AMCONSUL SAO PAULO
TO RUEHC/SECSTATE WASHDC IMMEDIATE 7835
INFO RHEHNSC/NATIONAL SECURITY COUNCIL WASHDC IMMEDIATE
RUEHBR/AMEMBASSY BRASILIA PRIORITY 8991
RUEHRI/AMCONSUL RIO DE JANEIRO PRIORITY 8545
RUCPDOC/USDOC WASHDC 3011

UNCLAS SAO PAULO 000030

SIPDIS

SIPDIS

STATE INR/R/MR; IIP/R/MR; WHA/PD

DEPT PASS USTR

USDOC 4322/MAC/OLAC/JAFEE
E.O. 12958: N/A
TAGS: KMDR OPRC OIIP ETRD BR
SUBJECT: MEDIA REACTION: ECONOMY: STOCK EXCHANGE TURBULENCE;
MIDEAST, GAZA STRIP; SAO PAULO


"Boldness Versus Fear"

Center-right national circulation daily O Estado de S. Paulo's lead
editorial maintained (1/23): "The Federal Reserve showed boldness by
reducing 0.75% of the U.S. prime rate.... What caused panic in
international stock exchange markets was President Bush's address
announcing a series of fiscal measures last Friday.... The Fed's
decision immediately calmed down the markets...but the NYSE operated
under tough nervousness.... When the fiscal measures announced by
the president are implemented, calm may return to the markets....
However, it's premature to say that the market's instability is
over. The feeling that the U.S. crisis is more profound than one
imagined is still strong.... In Brazil, contrary to what happened in
crises during the past decade (Mexico, Asia and Russia), the economy
is now in excellent condition to face financial turbulence without
major problems, thanks especially to the comfortable situation of
its foreign accounts. Even so, if the international crisis worsens,
its effects will certainly affect Brazil."

"Gaza Again"

Liberal, largest national circulation daily Folha de S. Paulo
editorialized (1/23): "The blockade imposed on the Gaza Strip is for
Israel a legitimate way to put pressure on the Islamic radical group
Hamas to prevent the launching of homemade rockets against its
territory. Obviously, the Palestinian militias responsible for such
an aggression have acted under the Islamic group's orders, or at
least with its connivance. Hamas refuses to participate in peace
negotiations with the Israelis.... It is not reasonable to suppose
that Israel, under daily rocket attacks, will remain quiet."
White

© Scoop Media

 
 
 
 
 
World Headlines

 

Werewolf: Gordon Campbell On North Korea, Neo-Nazism, And Milo

With a bit of luck the planet won’t be devastated by nuclear war in the next few days. US President Donald Trump will have begun to fixate on some other way to gratify his self-esteem – maybe by invading Venezuela or starting a war with Iran. More>>

Victory Declared: New Stabilisation Funding From NZ As Mosul Is Retaken

New Zealand has congratulated the Iraqi government on the successful liberation of Mosul from ISIS after a long and hard-fought campaign. More>>

Gordon Campbell: On The Current US Moves Against North Korea

If Martians visited early last week, they’d probably be scratching their heads as to why North Korea was being treated as a potential trigger for global conflict... More>>

ALSO:

Gordon Campbell: On The Lessons From Corbyn’s Campaign

Leaving partisan politics aside – and ignoring Jeremy Corbyn’s sensational election campaign for a moment – it has to be said that Britain is now really up shit creek... More>>

ALSO:

Another US Court: Fourth Circuit Rules Muslim Ban Discriminatory

ACLU: Step by step, point by point, the court laid out what has been clear from the start: The president promised to ban Muslims from the United States, and his executive orders are an attempt to do just that. More>>

ALSO:

 
 
 
 
 
 
  • Pacific.Scoop
  • Cafe Pacific
  • PMC