Reagan Sees Chinese Reform Movement Advancing
Former President Reagan voiced optimism that China’s reform movement will eventually prevail despite a crackdown. He compared China’s struggle to the Soviet reform path, noting hard-liners face a significant challenge. He cited Poland’s recent vote as evidence that communism is failing in the region.
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Debate over goodwill in S&L bailout on Capitol Hill
Washington AP report explains goodwill as the gap between liquidation value and going concern value, its role in the Bush S&L plan, and why critics say relying on supervisory goodwill hides losses. The piece clarifies normal versus supervisory goodwill, regulators backing, and concerns about government assurances.
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