Global wealth nations urged to aid crisis recovery
United States and other rich countries face a huge stake in rebuilding economies shattered by the Asian financial crisis, with foreign ministers from Japan, Thailand, and Vietnam stressing reform of the international monetary system at the UN General Assembly. Malaysia warned of a global depression without intervention.
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Arafat avoids May 4 deadline amid U N address
In Tel Aviv, Yasser Arafat urged world leaders to back Palestinian statehood but did not threaten a unilateral declaration by May 4 1999 the peace accord deadline. The Clinton Netanyahu Barak summit yielded only plans for more talks and a potential Washington return. Barak called the gathering a mere photo moment amid looming violence.
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House Sends Starr Documents to Printers
The final batch of 3,000 to 5,000 documents from Independent Counsel Kenneth Starr was sent to the Government Printing Office for public release as Republicans on the House Judiciary Committee seek to win Democratic support before next week's impeachment inquiry vote.
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Fed Likely Cuts Rates to Ease Global Financial Turmoil
Analysts warn a single rate cut by the Federal Reserve may not fully shield Americans but could significantly support consumer spending business investment and bank lending if followed by additional cuts. Economist Bruce Steinberg compares the move to a flu shot easing pain. The Fed seems poised to reduce short term rates today for the first time in nearly three years to cushion the economy amid worldwide turmoil.
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Maya Angelou Turns 70 With Year of Parties in Winston-Salem
Maya Angelou celebrates turning seventy with a year of birthday parties at her Winston-Salem home. The Oct. 3 event at Winston-Salem State University features Quincy Jones and Ashford & Simpson to raise funds for the Maya Angelou Institute for the Improvement of Child and Family Education. Elizabeth Taylor and Magic Johnson headline a Santa Monica AIDS fundraiser, with Johnson revealing his AIDS diagnosis.
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Two Kenyans indicted in US embassies bombing case
Prosecutors in Manhattan indicted Mohamed Sadek Odeh and Mohamed Rashed Daoud Al Owhali for conspiring to bomb the Nairobi and Dar es Salaam embassies. The Aug 7 attacks killed 259 people, including 12 Americans, with Osama bin Laden and Al Qaeda cited as motive.
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