Perez Blames Debt Crisis for Unrest in Venezuela
President Carlos Andres Perez linked four days of rioting to Latin America's financial crisis and debt payments, stating Venezuela would suspend foreign debt payments. He reported 300 deaths, 2,000 injured, and arrests near 1,000 as martial law and curfews limited stores and curbed violence. Spain offered a $50 million loan to aid recovery while the White House voiced support.
MENTIONED IN THIS ARTICLE
Caracas
Venezuela
Carlos Andres Perez
Latin America
Perez
Spain
Washington
White House
Fitzwater
Bush to provide 450 million bridge loan to Venezuela
President Bush approved a 450 million bridge loan to Venezuela to ease its financial crisis. In a Friday call with Venezuelan President Carlos Andres Perez, Bush praised Venezuela's efforts while White House officials said details remain to be worked out and the loan is intended to meet short term needs.
MENTIONED IN THIS ARTICLE
Marlin Fitzwater
Bush
Perez
Washington
Venezuela
U.S
Carlos Andres Perez
White House
Ohio Edison faces rate rises amid excess capacity debate
Edison contends it has no excess capacity while officials cite capacity oversupply from new coal and nuclear units. The PUCO review targets Beaver Valley and Perry 1 investments with possible 12 to 34 percent future increases as Ohio Edison and rivals rate cases proceed. Residential bills remain among the state's highest amid 10 plus years of rising charges.
MENTIONED IN THIS ARTICLE
Three Mile Island
Pennsylvania
Perry 1
Beaver Valley 2
Edison
Akron
Lorain
Youngstown
Massillon
Alliance
Thomas Chema
Public Utilities Commission
DiNeola
Ohio Edison
DiNicola
Chema
Cleveland Electriclluminating Co
Toledo Edison
Beaver Valley
PUCO
Ken Rosselet
The
Consumers’ Counsel
Office of Consumers’ Counsel
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Sun
MasterCard
Visa
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Elyria, O Elyria
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