US Japan reach insurance market liberalization deal
After fourteen months of talks the United States and Japan agreed on steps to open Japan’s 341 billion dollar insurance market to greater foreign competition. The package removes rate setting power from insurer councils and allows new products, with phased deregulation over two years.
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President Clinton slips during jog on Potomac banks
President Clinton slipped on a slick concrete sidewalk while jogging along the Potomac River. A White House official said he was not injured and resumed his run after a brief walk. Secret Service Agent Tom Sloan attempted to break the fall but both men tumbled to the ground near the Lincoln Memorial. Clinton reassured reporters he was fine as a mud footprint was noted.
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