Greenspan warns Asia crisis may spill to Japan and beyond
Fed chief Alan Greenspan told a House Banking Committee hearing that Asia’s financial crisis could spread to Japan Latin America and Eastern and Central Europe with a small but non negligible chance of negative effects. He backed IMF funding and urged transparency and stronger banking reform to stabilize Asia while noting exchange rate collapses and loss of confidence mirror 1994 Mexico.
MENTIONED IN THIS ARTICLE
Washington
Asia
U.S
Japan
Latin America
Europe
Federal Reserve
Alan Greenspan
House Banking Committee
Greenspan
White House
IMF
Mexico
Northeast setback threatens broader cleaner car plan
The EPA faced a hurdle as four Northeast states urged tighter air rules for a cleaner car proposed to be sold nationwide except California. With eight of twelve states agreeing to the compromise, automakers face a Feb. 17 decision while Massachusetts and New York demand California-like controls including electric-car quotas.
MENTIONED IN THIS ARTICLE
Washington
California
Environmental Protection Agency
Virginia
Maine
Massachusetts
New York
Northeast
The
Auto Industry
FDA approves artificial blood for dogs shot ahead of humans
FDA approves BioPure Oxyglobin, a dog blood substitute derived from cattle hemoglobin. In a study, 5 percent of Oxyglobin treated dogs failed versus 68 percent with standard care. It remains on shelf at room temperature for two years and costs about 150 dollars per unit.
MENTIONED IN THIS ARTICLE
Washington
Picture Corp
Food and Drug Administration
William Muir
Ohio State University
BioPure
FDA
Paul Aebersold
Melanie Bersoin
Ted Jacobs
Aebersold
Helms backs aid plan to send food medicine to Cubans
Sen. Jesse Helms endorsed a Cuban American National Foundation proposal to channel up to 100 million dollars of humanitarian goods to Cuba while ensuring distribution only through non-government groups like the Red Cross and Catholic Church. The plan preserves the embargo and targets needy Cubans amid calls to ease restrictions.
MENTIONED IN THIS ARTICLE
Helms
Washington
Jesse Helms
Senate Foreign Relations Committee
Miami
Cuban- American National Foundation
Cuba
Communist Party
U.S
American Red Cross
Catholic Church
State Department
Also Mentioned on This Page
ERT News Service
Treasury
Robert Rubin
Lawrence Summer
Treasury Department
Rubin
Capitol Hill
Ella EL
iVinyl
Binet
Ely A
Essentials
Ultima
Waredome
Fanon
Midland
Billi Bivd
North Park Center
Kinko's
Odesea
Moranabenes
Chesapeake Interiors’ Winter Sale
Carol Brannan
Sue Elder
Ginger Comer
Aleesa Walker
Susan Arrington
Esther Storey
Chesapeake
W. Wadley Ave
Texas
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