Russia to permit ruble convertibility and world trading
Russia announced it will allow the ruble to be freely convertible and traded on international markets starting July 1, with full convertibility by August. The plan keeps some Central Bank control, merging exchange rates and using reserves to target a market rate while building investor confidence.
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Russia
Moscow
Konstantin Kagalovsky
Soviet Union
Anthony Doran
International Financial Corp
World Bank
Doran
Kogolovsky
Kagalovsky
Associated Press
Factions sign truce in Sarajevo
In Sarajevo a cease-fire pact was signed at the U N headquarters amid mortar fire and shelling. U N Undersecretary General Marrack Goulding ducked for cover as shells landed near the signing, while European Community envoys observed the ceremony and Bosnian leaders signaled continued risk.
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Sarajevo
Bosnia-Herzegovina
U.N
Marrack Goulding
Avdo Panjata
Bosnia
European Community
Colm Doyle
Antonio Dos Santos
Goulding
Alija Izetbegovic
Pale
Stands collapse at Corsica football match. deaths and injuries rise
A temporary grandstand collapse at Furiani Stadium in Bastia Corsica killed at least 16 and injured about 660 as fans crowded the bleachers before a French soccer match. Officials say temporary stands for 10 000 had expanded capacity beyond the 8 500 regular seats.
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Furiani Stadium
France
NEA chief vows tighter limits on controversial art funding
NEA acting chairwoman Anne-Imelda Radice told a House subcommittee that grants featuring sexual content may be refused federal money. She urged projects with broad public benefit and noted a $176 million NEA budget with White House support. Critics warn of shift toward restrictiveness under Radice and the Bush administration.
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Anne-Imelda Radice
NEA
House
Congress
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Sidney Yates
D-Ill
Appropriations Subcommittee
Interior and
Radice
John Frohnmayer
Tyson punished for threatening staff at Indiana prison
Prison officials say Mike Tyson was placed in a single cell in the disciplinary unit of the Indiana Youth Center after threatening a guard. He faces a disciplinary hearing within five days with possible further penalties including extended confinement and reduced good time. Tyson’s attorney Alan Dershowitz said Tyson feared being set up for a confrontation.
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Mike Tyson
Tyson
Plainfield
Moore
Lis
Mike
Dershowitz
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