Fed holds rates as election nears on inflation fears
The Federal Reserve decided not to raise rates six weeks before the 1996 election, amid internal debate. Clinton praised the move as proof of a strong, noninflationary economy, while Dole criticized the stance. Markets reacted with mixed results as the Dow slipped and 30-year yields fell.
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Clinton
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Bob Dole
Bill Clinton
Jack Kemp
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Naval intelligence officer charged with spying for South Korea
A civilian Naval intelligence analyst Robert Chaegon Kim, 56, of Sterling Virginia, is accused in a 20 page FBI affidavit of passing more than two dozen secret and top secret documents to Baek Dong Il a naval attaché for South Korea between May and September this year. FBI searched his home and office and he was to appear in federal court in Alexandria Virginia. Prosecutors may file additional espionage charges carrying life imprisonment.
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U.S
South Korea
Robert Chaegon Kim
Sterling
Baek Dong-Il
Kim
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Dong-I
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Korea
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Washington
Russell
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Jonathan Pollard
Navy
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NATO weighing Bosnia mission options in Norway meeting
NATO defence officials in Bergen examined options from total withdrawal to a robust 52,000-strong force for Bosnia. Gen George Joulwan urged a stabilisation mission while U S officials said no US commitment was made. Ministers tasked generals to draft plans for all scenarios before ambassadors report to capitals.
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Norway
Bosnia
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George Joulwan
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Yeltsin awaits bypass surgery delayed up to 16 weeks
Russian President Boris Yeltsin will undergo a triple or quadruple bypass surgery in six to sixteen weeks and remain in hospital until then. Surgeons said immediate operation offers about 60 percent success, but chance rises toward 100 percent in six weeks. The plan follows a high level doctors meeting with Michael DeBakey.
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Boris Yeltsin
Renat Akchurin
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Michael DeBakey
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Chernomyrdin
Suspect in Adam Walsh case dies in jail
Ottis Elwood Toole, serving a 20 year arson term, died September 15 in a medical facility after cirrhosis diagnosis. Police believed he killed Adam Walsh, whose 1981 disappearance triggered a national manhunt and a later recantation. Father John Walsh helped lead the case and later created Americas Most Wanted. Fox News announced a cancellation and reversal, ordering new episodes with John Walsh as host to large public support.
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Toole
Adam Walsh
John Walsh
Fox Network
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FBI
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Peter Roth
Riots in Jerusalem Over Archaeological Tunnel
Palestinians clashed with Israeli troops in Jerusalem and the West Bank in the worst riots of the six year revolt. 148 protesters were injured by live fire, rubber bullets, and tear gas, including a critical chest wound. The unrest followed the completion of a tunnel along Jerusalem's Al Aqsa Mosque compound near the Western Wall.
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Jerusalem
West Bank
Israel
al Aqsa
Benjamin Netanyahu
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