Mixed signals deepen South Korea slump
South Korea insists it does not need a bailout yet seeks a record IMF loan. Analysts blame mixed government signals for market turmoil as the won and stocks tumble. The country had only 6 billion dollars in foreign exchange against 80 billion in short term debt at IMF entry. The lame duck president allegedly learned of insolvency near Nov. 28 after a call from President Clinton. Finance minister Lim Chang-yuel urged US and Japan aid, while Daewoo Research notes the paradox of pleading for money. About 2 billion dollars is being funneled into two near bankrupt banks to keep them afloat.
MENTIONED IN THIS ARTICLE
Associated Press
Stere
Joanne Lee
J. Henry Schroder and Co
Seoul
South Korea
IMF
Kim Young-sam
Clinton
Lim Chang-yuel
United States
Japan
Yoo
Daewoo Research
Tragedy in East Vancouver Ends in Girl’s Death
A five-year-old girl died after falling from a second story window while jumping on a bed with her brother in east Vancouver. Police say investigators treat it as accidental as homicide squad, coroner, and children’s ministry review the case. the siblings were playing near an open window on Nov. 30.
MENTIONED IN THIS ARTICLE
Vancouver
East
Children’s Commissioner
Children and Families Ministry
Richard Akin
Kyoto pact faces Senate test over developing nations
America's top negotiator said after three days of talks that the Kyoto Protocol largely met the president's aims but failed to secure a binding commitment from developing nations. Clinton and Eizenstat stressed inclusion of developing countries, while Senate opposition warned of near-certain rejection without their participation. The debate centers on 6 to 8 percent CO2 cuts for industrial nations with voluntary future actions by China and India.
MENTIONED IN THIS ARTICLE
Japan
America
U.S
Stuart Eizenstat
Clinton
Senate
China
India
Robert Byrd
D-W.va
Chuck Hagel
R-Neb
Hagel
United States
European Union
Europe
Miami
Eizenstat
John Kerry
D-Mass
U.N
Washington
al Gore
Canadian high court OKs Indian land claims ruling
Canada's Supreme Court endorsed tribal oral history as valid evidence in establishing long standing land claims. The decision sets guidelines for courts and could yield swifter settlements for tribes like the Gitxsan and Wet suwet’en seeking ownership over 22,400 square miles of northern British Columbia rich in salmon, minerals and timber.
MENTIONED IN THIS ARTICLE
Toronto
Canada
Supreme Court
Herb George
British Columbia
Also Mentioned on This Page
Ottawa
UPR Preetiesa
Great Family
Nallis
Ginger
Ning UC
23Rd Call
World Digest
Albright
Congo
Kinshasa
Madeleine Albright
Laurent Kabila
Rwanda
State Department
Kabila
Taurus Air
Shawnee Mission Parkway
Opera! OK Photos
Radioshack
Main
Holiday
Sun
Aradioshack
RadioShack Sires
Nes
Patic P Alingside Secaraom
Lab Teat Ie
Rao Oe Fem Atvetied
Jatar
Developing Countries
API
Adams
Canadian High Court
Oks Indian Claims
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