Reich says inflation tame as rates rise with growth
Labor Secretary Reich argues higher interest rates follow expanding economy not inflation. He says inflation is near zero and the public fears over inflation are unfounded. Clinton quips at White House Correspondents Dinner about Whitewater and money lessons. In Atlanta, 200000 students leave Freaknik with improved order and less litter than prior years.
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Rwandan civil war violence escalates as talks fail
Rwandan rebels and government forces exchange heavy mortars and gunfire in Kigali amid failed mediation in Arusha Tanzania. About 170 killed at Butare hospital. aid groups pull out. Un officials report no government delegation at talks. violence and displacement continue.
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Hoover Dam visitors center costs soar to 119 million
Washington Post reports the national government funds a 119 million Hoover Dam visitors center, a project seen as among the most costly taxpayer financed tourist spots. officials cite overruns and lax oversight as contributing factors while the site will include a 44 000 square foot facility and elevators with a 16 million price tag.
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World finance officials optimistic on global growth
Washington AP report shows finance ministers from the United States Japan Germany France Britain Canada Italy expressing optimism on faster growth this year. Treasury Secretary Lloyd Bentsen notes signs point to stronger growth with low inflation while British Chancellor Kenneth Clarke cites improvement versus 12 months ago and German officials suggest recession may have bottomed. The seven nations pledge to continue existing policies but offer no new commitments.
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