Brazil gambles to ease crisis spark rally in markets
Brazil floated its currency the real to diffuse the Latin American crisis as the central bank stopped defending the currency. The real slid to 1.60 per dollar before closing at 1.43. The Sao Paulo stock exchange surged 33 percent, Rio’s exchange up 30 percent, while Dow and Nasdaq rose. Cardoso urged swift passage of austerity to cut high rates and restore confidence.
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Rio DE Janeiro
Brazil
Fernando Henrique Cardoso
Cardoso
Sao Paulo Stock Exchange
Latin America
New York
Congress
Hinckley cleared for supervised day trips
A divided appeals court panel ruled on Friday that John W. Hinckley Jr may make supervised day trips from St. Elizabeths Hospital. Doctors treating Hinckley at the hospital would decide the trips as part of a gradual re entry into society with the aim of eventual release.
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Washington
John W. Hinckley Jr
Reagan
Hinckley
St. Elizabeths Hospital
St. Elizabeths
Clinton proposes 15 billion in private investment boost
President Clinton unveils a billion dollar package of tax credits and loan guarantees to spur 15 billion in private investment by funding small technology firms shopping centers and business development in urban and rural areas. He calls on Wall Street to open "vaults of opportunity" to spread prosperity beyond neglect.
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New York
Clinton
Wall Street
America
Jesse Jackson
World Trade Center
House
Senate
Richard Grasso
New York Stock Exchange
William Jefferson Clinton
Essence Magazine
Susan Taylor
God
Martin Luther King Jr
Overseas Private Investment Corporation
Small Business Administration
America Online
Staples
Site House
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Associated Press
Ign
Vanity Fair
Origi
Olga
Warner's
Atte Nas Elie Ad Ees A
Dillards
Tage Square
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