Congress plans civil reception for Chinese leader
Congress, after consulting with the administration, plans a civil reception for Chinese President Jiang Zemin next week. A closed-door breakfast on Oct 30 will let leaders air grievances. Gingrich delays hostile legislation to maintain a cordial meeting with Jiang and discuss long-standing China policies.
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Congress
China
Jiang Zemin
House
Newt Gingrich
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Hong Kong Stocks Plunge Amid Asia Market Panic
Hong Kong shares suffered their worst fall in a decade with the Hang Seng down around 14 percent in morning trading as rates surged and fears spread that turmoil in Asia could affect Hong Kong. Interbank rates jumped and three banks raised prime rates prompting a stronger dollar and concerns for the property market and business costs.
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Hong Kong
Asia
Hang Seng
Tokyo
Malaysia
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Indonesia
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Pollution fight plan falls flat in Clinton proposal
President Clinton sought middle ground on global warming but drew broad opposition from business and environmental groups. Critics say the plan undercuts action and will face tough selling in Congress and in climate talks in Japan. The Sierra Club mocked it as fighting a five alarm fire with a garden hose while industry lobbyists warned the treaty would be too costly for U.S. business.
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Washington
Clinton
Congress
Japan
Auto Makers
National Association of Manufacturers
Sierra Club
White House climate plan faces Congress Kyoto doubts
The president's advisers praised the initiative as bold and innovative while Congress and many nations reacted coolly. Kath leen McGinty called it not pie in the sky nor doomsday rhetoric. Critics said more must come from the White House to meet global responsibilities.
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IRS overhaul moves forward on two fronts
Congress acts on a broad IRS revamp as House Ways and Means backs a package to expand taxpayer rights create an oversight board and boost management. Senate Finance holds a nomination hearing for Charles Rossetti the White House pick to run the agency amid a failed $3.3 billion computer upgrade and customer service woes.
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IRS
Congress
House
Ways and Means Committee
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Senate Finance Committee
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Clinton
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Mid-air collision of military jets at Edwards AFB
Photographs taken before a training T-38 and an F-16 collided over the Mojave Desert at Edwards Air Force Base killing two crewmen Lt Col William R Nust and Flight Lt Leigh Alexander Fox. The crash followed a safety review pause of pilot training.
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Edwards Air Force Base
Calif
Mojave Desert
US Air Force
William R. Nust
British Air Force
Leigh Alexander Fox
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