G7 backs plan to prevent future financial crises
Halifax summit closes day two with BIll Clinton noting concrete steps to strengthen global finance. G7 backs IMF emergency fund of 50 billion dollars and an early warning system for emerging markets. Leaders agree on timely data publication and identifying countries meeting IMF health benchmarks. Prime Minister Jean Chretien hosts as ministers push for dollar stabilization.
MENTIONED IN THIS ARTICLE
Halifax
Nova Scotia
Group of Seven
Canada
U.S
Germany
Japan
Italy
Britain
France
Dent Bill Clinton
International Monetary Fund
Clinton
Jean Chretien
Summit Leaders Seek Bosnia Force Funding
In Halifax AP report G7 ministers push an urgent global drive to fund an expanded UN peacekeeping force for Bosnia. With U S Congress reluctant to pay, the US Britain and France seek contributions from Gulf states and other rich nations to finance the deployment.
MENTIONED IN THIS ARTICLE
Halifax
Nova Scotia
Bosnia
G-7
U.N
Balkans
Herve de Charette
Congress
United States
Britain
France
Persian Gulf
Highways Get Onto Fast Track
The Senate delayed debate on federal wage rules for construction workers, avoiding a halt to 6.5 billion dollars yearly for National Highway System projects. Democrats protested the Davis Bacon prevailing wage repeal, while supporters argued it raises project costs, with a separate labor bill to address the issue later.
MENTIONED IN THIS ARTICLE
Washington
Senate
John Warner
R-Va
Edward Kennedy
D-Mass
Kennedy
Warner
Davis-Bacon
Bosnian Advance Presses Units Around Sarajevo
Inside Bosnian advance forces push on several fronts near Sarajevo. Includes list of individuals with ages and hometowns: David Bowman 78 Harrisonburg, Grover Flick 71 Elkton, Rachel Freed Annandale, Linda Helmick 38 Monterey, Christopher Medley 21 Seoul, Stella Root 68 Grottogs. Page 16.
MENTIONED IN THIS ARTICLE
Sarajevo
David J. Bowman
Harrisonburg
Grover P. Flick
Elkton
Rachel J. Freed
Annandale
Linda L.W. Helmick
Monterey
Christopher L. Medley
Seoul
South Korea
Stella H. Root
Grottogs
Optimism Fuels Clinton Budget Debated in Congress
Republican leaders challenged President Clinton's budget forecasts as overly optimistic and insufficient to reach a balanced budget in 10 years. Alice Rivlin defended administration projections as based on best data, noting Senate and House plans aim for balance by 2002 with smaller required cuts under admin figures versus congressional estimates.
MENTIONED IN THIS ARTICLE
Washington
Clinton
Pete V. Domenici
New Mexico
Senate Budget Committee
Alice M. Rivlin
Office of Management and Budget
Senate
House of Representatives
Congressional Budget Office
Congress
Rockingham Mill Secures Bonds for Expansion Plan
Rockingham Mill has obtained 2.75 million dollars in tax exempt bonds through the Rockingham County Industrial Development Authority to expand by installing a new manufacturing line and relocating about half of its coarse-textured mash feeds from Har rrisonburg to a renovated mill at Va 713 end near Va 42. The deal supports dairy feed production and may create new jobs in Harrisonburg as the company shifts operations to meet changing customer needs.
MENTIONED IN THIS ARTICLE
Rockingham Mill
Harrisonburg
Dayton
RMC Inc
Steve Bird
Divi
Sion
Chesapeake Avenue
Bird
Va. 42
Slabaugh Grain Mill
Rockingham County Industrial Development Authority
Carolyn Perry
Wharton, Aldhizer & Weaver
Perry
Rockingham County
Augusta
Shenandoah
West Virginia
AMC Inc
Ram Plumbing Supply
Rocking R
Timberville
Woodstock
Waynesboro
Silver Lake
Wa rned to Courtroom Deceit Ends in Crisis for Attorney Welch ens
Steven Welchens, a 32-year-old assistant public defender in Madison County New York, faced an abrupt collapse after it emerged he lacked a law license and formal credentials. He had handled up to 2000 criminal cases, with prosecutors warning as many as 100 may need reprosecution due to inadequate representation, while he remained hospitalized after an overdose.
MENTIONED IN THIS ARTICLE
Wampsville
N.Y
Steven Welchens
David Gruenewald
Madison County
Weldens
Syracuse
Attorney General
Welchens
Donald Cerio
Cerio
Utica College
Weldhons
Also Mentioned on This Page
Bloomberg Business News
Allen Litten
Brandi Dove
Michael Falls
Dry River
Hinton
Gop
N.Y. Times News Service
Bettina
Associated
Dolly
Jeannine Trimmer
Great Falls
Mont
Pennsylvania
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