Looking to the U.S. in Hope -- and Worry

Honchos meeting Davos like the idea of rate and tax cuts to boost U.S. growth but fear President Bush's apparent disinterest in foreign affairs

Will George W. Bush manage the U.S. economy as successfully as his predecessor? This is among the biggest issues being discussed by corporate and political leaders gathered for the annual World Economic Forum in Davos, Switzerland. There's clearly a lot of nervousness about the U.S. economic slowdown and what foreigners perceive to be the new President's disinterest in international affairs. "Naturally, the new Administration's stance on these issues is of great interest," says Shintaro Ishihara, Tokyo city's governor. "Japan is very vulnerable to what happens in the U.S. because we have such large holdings of U.S. Treasury bonds."

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