Monday, May 17, 2010

Paul predicts Ky. win; Foe slams 'overconfidence'

Rand Paul is predicting a big victory in Tuesday's Republican U.S. Senate primary in Kentucky, though his chief opponent hammered the tea party favorite as being overconfident.
Paul told The Associated Press that he "would be surprised" if he doesn't win the race with polls showing him up by double digits over Secretary of State Trey Gayson. Paul held a rally at an outdoor park in his hometown of Bowling Green a day before the election.
Grayson told a crowd in Louisville earlier Monday that Paul is an overconfident "grandstander" who could lose sight of Kentucky in favor of the tea party movement.
The two are seeking the seat of retiring Sen. Jim Bunning, a 78-year-old sports icon who opted not to seek a third term.
THIS IS A BREAKING NEWS UPDATE. Check back soon for further information. AP's earlier story is below.
LOUISVILLE, Ky. (AP) — U.S. Senate hopeful Trey Grayson portrayed his main Republican rival Monday as a "grandstander" who could lose sight of Kentucky in favor of the tea party movement as candidates made their final push before the state's primary election Tuesday.
During a stop in Louisville as part of a trip around of Kentucky, Grayson characterized GOP Senate front-runner Rand Paul as "clearly overconfident." Grayson, Kentucky's secretary of state, said large numbers of undecided Republican voters were moving toward him as he predicted an election night surprise.
"We feel confident about tomorrow," Grayson said. "... I've been around a lot of final weeks in campaigns in Kentucky, and I can tell you this is a campaign that's definitely peaking at the right time."
Paul, an eye doctor making his first run for office, had campaign appearances planned Monday in Paducah in western Kentucky and in his hometown of Bowling Green.
Paul, the son of Texas congressman and former GOP presidential candidate Ron Paul, said Sunday in an interview with The Associated Press that the mood of the country and the Republican Party are in his favor. Paul has tapped into an antiestablishment mood that has been a drag for Grayson, who is backed by much of the state GOP establishment, including Senate Republican leader Mitch McConnell, and is in his second term in office.
Grayson said the tea party movement has become potent, but said that when counted against the overall Republican turnout, "it's not a huge percentage when you get right down to it."
In a direct jab at Paul, Grayson said his rival would be "a grandstander" more concerned about the national stage, adding that "there's some real question about whether he'll lose sight of Kentucky."
"I'm not running to be the candidate of the tea party," Grayson said. "I'm running to be the candidate of this Republican Party of Kentucky."
Grayson also played up Paul's lack of political experience, saying Republican voters were looking to elect someone with "a track record of implementing commonsense, conservative reforms."
Grayson spent Sunday campaigning in heavily Republican southeastern Kentucky, while Paul's only public appearance was attending church with his family in Bowling Green.
Grayson said that Paul's lack of campaigning on Sunday "does show some overconfidence."
"It's almost like he's picked out his home in (Washington) D.C. before the election's even been held," Grayson said. "Win or lose, I think it's a bad campaign strategy."
The two leading Democratic Senate candidates in Kentucky are Lt. Gov. Daniel Mongiardo and state Attorney General Jack Conway, who appeared locked in a close race. Mongiardo barely lost six years ago to Republican Sen. Jim Bunning, who is retiring after two terms. poem
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Thai protests: the economic impact

The protesters, called red-shirts after the colour they have adopted, converged on Bangkok in March. They want Prime Minister Abhisit Vejjajiva to resign, with many supporting former prime minister, Thaksin Shinawatra, who was ousted in a coup in 2006.
The latest round of violence has left 36 dead and some 250 injured.
The crisis has left the city a virtual no-go zone for tourists with hotels, shops and restaurants faced with a sharp drop in the number of visitors.
Some businesses in Bangkok's shopping district had to close their doors altogether when anti-government protesters occupied the area last month.
And there are now fears that the political unrest could harm Thailand's economic growth and put off foreign investors.
Fewer tourists
Tourism makes up about 6% of Thailand's economy, but accounts for 15% of the country's workforce.
The British Foreign and Commonwealth Office currently advises against all but essential travel to Bangkok, but Abta, the UK travel association, says that while British tourists are rearranging their holidays, they are not cancelling altogether.
RED-SHIRT PROTESTContinue reading the main story
Bangkok protests day-by-day Thai protests: Eyewitness accounts
"The majority of the country is not a problem at all," Abta says. "Places like Ko Samui and Phuket - seen as the 'real' Thailand - are not affected by this.
"Many people may have been planning on just going to Bangkok for a couple of days of their trip. What we suggest people do and what they are doing is amending their itineraries so they don't go to Bangkok now."
But while the island resorts may still be attracting the tourists, the capital certainly is not.
Following clashes last month between soldiers and protesters, hotel occupancy in Bangkok was down to 20% at a time when it is normally at 80% or 90%, government spokesman Puttipong Punnakan has said.
Shops and mall operators have not only had to deal with fewer tourists, but the red shirts' occupation of the Rachaprasong shopping district has also forced many to shut up shop.
"Shops and department stores in the red zone have now lost about 1bn baht ($31m; £21m) a day," Thanapol Tangkananan, president of the Thai Retailers' Association said after April's clashes.
Growth revisions
Thai Finance Minister Korn Chatikavanij has forecast economic growth of between 4.5% and 5% this year, but the civil unrest is threatening to reduce that figure.
After meeting with business associations, Mr Chatikavanij has said the protests could cut 0.3% off his forecast.
Analysts have said growth could be as much as 2% lower than the government estimate if the clashes continue.
Protesters take part in a rally Protesters have been holding rallies in Ratchaprasong shopping district
Thailand's economy relies heavily on exports and how the economy performs this year will largely depend on whether or not exporters are hit.
Richard Han, chief executive of electronic components manufacturer Hana Microelectronics, said in a recent interview that as long as the airports are open, business would be able to continue.
But he did voice longer-term concerns as to what customers would think about dealing with Thai companies in the future if the situation is not resolved.
Foreign investor fears
Meanwhile, Amata Corp, Thailand's biggest industrial land developer, is already having to deal with customer concerns.
It has revealed that some Japanese clients have delayed signing contracts because of the unrest and warned that sales might suffer.
Foreign investors have already shown some signs of withdrawing from Thailand - since violence broke out last month, foreign investors have sold $584m in Thai shares, leaving Thai stocks among the cheapest in Asia.
Investment firm Fidelity had said that should the ongoing crisis affect corporate earnings, it would reconsider its investment decisions.
"Our decisions around investing in Thailand are more driven by the underlying fundamentals of the companies," Gregor Carle, investment director at Fidelity, said.
But he went on: "If we feel that there is an escalation in events in Thailand that threatens the corporate environment, obviously we will adjust the portfolio to reflect that." sports
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