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Technology Stocks : Stock Swap
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To: Patrick Slevin who wrote (9789)11/25/1997 8:20:00 AM
From: Robert F. Newton   of 17305
 
Pacific Leaders Draft Asia Bailout

VANCOUVER, British Columbia (AP) - Pacific Rim leaders put the finishing touches on an economic stabilization program for countries in trouble, hoping it will do what so far nothing has - calm the currency crisis sweeping Asia. The group was ready to endorse the ''Manila framework,'' a plan that gives primary responsibility for managing the crises to the International Monetary Fund but holds out the promise of back-up support from wealthy nations such as the United States and Japan. President Clinton made it clear that the United States had a lot at stake in putting an end to the turmoil, which has already triggered the biggest one-day point loss in Wall Street history.
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