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Newspaper
Cedar Rapids Gazette
Location
Cedar Rapids, Iowa, United States of America
Date
Oct 12, 1994
Page
5
In Moscow, Russians rushed to buy essentials as the ruble fell sharply to 3,926 per dollar, the worst one day decline since 1992. Citizens blamed government folly while the Central Bank halted dollar purchases to defend reserves, sparking chaos at exchanges and stores.
James Kelman, 48, receives Britain's Booker Prize and $31,500 for his novel How Late It Was How Late a stark tale of a Glasgow laborer. Kelman stresses writers' freedom to fill the blank page despite harsh language.
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