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About The Battalion. (College Station, Tex.) 1893-current | View Entire Issue (June 13, 2002)
p ORft NATION rALlONl THE BATTALION 7 • Englantj turday ir'j outscorec g et a goal nes bea: ^neraac a reboun; ’s saveot / kick it i the dras ih for tbi last fivi ble wiie: and jui: stand u[ ob,” sak i Lai! astic." mlt dre England: back i: i defensi forwarc irget, at: taken Powell wants end to India-Pakistan feud over Kashmir Thursday, June 13, 2002 WHISTLER, British Columbia (AP) — The United States is willing to play a role as “facilitator of dialogue” between India and Pakistan but has no desire to mediate their long-running feud over Kashmir, Secretary of State Colin Powell said Wednesday. Powell flew into Vancouver and motored up winding mountain roads to a resort in Whistler to meet foreign min isters from the world’s top industrialized countries: Britain, Canada, France, I Germany, Italy, Japan and ™ ss inni Russia. They are laying ally mi groundwork for the Group of Eight leaders ■ summit to be verrea: held later this allyintfj month in ie the g. K a n a n a s k i s , perfec: Alberta, ghtofftbj The minis- ■ ters were dis- ijorchr cussing the cill try Middle East at icklausdinner and Sir Wednesday don ofi night, Powell ndaryea said. They also t one, lb: anticipated LoveE, talks about 11 atonctT nuclear prolif- e honer e r a t i o n , K Afghanistan and the Indian- |k Pakistani standoff. The Asian subcontinent has ■ calmed since Pakistan assured I India that it would halt deadly ■ incursions across the Line of pControl that divides Kashmir between the two countries, i Powell said. The United States is look- 1 ing to facilitate talks that will ultimately get into the Kashmir issue, he said. “We just don’t want to see the end of the cur rent crisis and then wait until the same problems raise the crisis again at some point in I' the future.” We do not intend to mediate this dispute. The dispute can only he resolved by the two parties. — Colin Powell Secretary of State U.S. officials promised both sides they would remain engaged as tensions ebb, “but the principal role we’ll be playing is as facilitator of dia logue,” Powell said. “We do not intend to mediate this dis pute. The dispute can only be solved by the two parties.” Powell predicted there would be no immediate Pakistani withdrawal from the Line of Control. “I think it will probably take some months,” he said. Powell also said the United States would meet with North Korea later this month to talk about areas “where we need progress” name ly, food aid, its missile program and compliance with weapons inspectors. “We are look ing for a way forward,” Powell said. “We will be responding in the very near future and then we will see what the step is after that.” On the Middle East, Powell said the Bush adminis tration is measuring several ideas about creating a tempo rary Palestinian state, and planned to “weave them into an extension of the president's vision” of a permanent state side-by-side with Israel. “There are those who believe that unless you have a political horizon put in place that people can see, it’ll be hard for the Arabs or Palestinians to move forward with the kinds of reforms that are required to improve security anci to bring greater accountability to the Palestinian leadership,” Powell said. Happy birthday Volunteers for the George Bush Library, Katherine Wigington, left, and Joan Ledwig, right, greet and cheer for the 41st visitor at the Tuesday morning celebration for George Bush Sr's 78th birthday and his wife Barbara's 77th RANDAL FORD • THE BATTALION birthday. Since Bush was the 41st president, the 41st visitor to the celebration received a gift prize. The celebration, which served cake, ice cream, and balloons to kids, lasted until 3 p.m. Fed says economic recovery modest and uneven WASHINGTON (AP) — The economy’s recovery from last year’s recession is shaping up to be choppy. That appeared to be the main message from the Federal Reserve’s snapshot of busi ness activity around the country in late April and May, which was released Wednesday. “The tone was one of modest but uneven growth, with some major sectors showing signs of improvement while others softened or remained weak,” the Fed said in its survey. Economists said the report, commonly referred to as the beige book, for the color of its cover, makes it all but certain that Federal Reserve policy-makers will leave short-term interest rates — now at 40-year lows — unchanged at their meeting this month, and probably through the summer. “This report tells me there is very little momentum in either direction,” said econo mist Clifford Waldman of Waldman Associates. “Consumer spending is holding up well enough not to have a double dip recession as feared some months ago. But nor do I see a V-shaped boom that some ana lysts were predicting.” Manufacturers — hardest hit by last year’s recession — largely reported higher production levels, shipments and orders, but there were pockets of weakness, the Fed said in its survey. Suppliers of aircraft parts in Boston and San Francisco said orders were down. Manufacturers in Philadelphia, Atlanta, Dallas and San Francisco said demand remained weak for telecommunications equipment. Deep cuts in capital spending by businesses was a key reason the economy fell into recession. In a quarterly report assessing potential threats to the global economy, the International Monetary Fund said Wednesday that business investment remained the missing ingredient for a sus tainable economic recovery in the United States and Europe. The IMF said that the near-term outlook “appears largely free of imminent threats to global financial stability.” But IMF econo mists warned that the failure of corporate profits to rebound was a threat because businesses will not increase spending in the critical area of capital investments until profits recover. You’re Invited to a One-on-One Financial Counseling Session with a TIAA-CREF Senior Consultant Get the personalized financial guidance you need to help you reach your financial goals, and help protect your assets against inflation and taxes. For over 80 years, TIAA-CREF has been managing retirement portfolios for the world’s sharpest minds. Sign up today. Dates: Tuesday, 6/18/2002 Wednesday, 6/19/2002 Thursday, 6/20/2002 Location for all dates: College Station RSVP: Call Shelbi Croft at 1(800)842-2006 THE CURE FORA SHAKY MARKET? A SOLID FOUNDATION Managing money for people with other things to think about: fwATREF Individual and Institutional Services, Inc. and Teachers Personal Investors Services. Inc. distribute securities products. For more information call 800-842-2733 ext 5509 for prospectuses. Read them carefully before investing. © 2002 Teachers Insurance and Annuity Association-College Retirement Equities Fund (TIAA-CREF). 730 Third Avenue. New York. New York 10017 Subscribe and Celebrate! th anniversary season GREATER TUNA Starring Joe Sears and Jaston Williams September 5-7 LA BOHEME Stanislavsky Opera Company October 1 and 2 FamilylHolibay* .-i-Sings.V f- „■ MSC OPAS has pulled out all the stops for our landmark 30th anniversary season. Subscribe today and see six shows on the Main Stage roster for as little as $204! To receive your subscription brochure and order form, please phone the MSC OPAS office at 845-1661. Hurry, subscription deadline is July 15. All Main Stage performances to be held in Rudder Auditorium. , SING ALONG SANTA Season Extra! December 14 f l4 SOUTH PACIFIC January 24 and 25 GIRLS CHOIR OF HARLEM February 7 GREASE February 11 and 12 For Mature Audiences MSC Three Decades of Performing Arts Michael Flatley's LORD OF THE DANCE March 18 and 19 MOSCOW SOLOISTS with YURI BASHMET April 3 THE MUSIC MAN April 22 and 23 Subscribe now at www.MSCOPAS.org! —