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Look For War And Economy To Lead The News In 2003.(A)(NATIONAL ISSUE)

Investor's Business Daily

| January 02, 2003 | COPYRIGHT 2003 Investor's Business Daily, Inc. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan.  All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)Copyright

Byline: IBD'S WASHINGTON BUREAU

War will likely dominate 2003 in both the headlines and the history books.

The U.S. will face a host of other challenges -- reviving the economy, calming the markets, restoring trust in the corporate world and securing the homeland.

But the invasion and occupation of Iraq will begin a new era for the U.S. as a world power.

The weeks ahead will see events unfold. U.N. chief weapons inspector Hans Blix has until Jan. 27 to deliver a full report to the U.N.

In the meantime, the U.S. will build its public case against Iraq and shore up support among its allies.

"Iraq's noncompliance and defiance of the international community has brought it closer to the day when it has to face the consequences," Secretary of State Colin Powell said in rejecting Iraq's arms disclosure declaration to the U.N.

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