C-Cube Message Board - Msg: 5911835

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Technology Stocks : C-Cube

CUBE 36.03

+1.3%

Dec 10 3:59 PM EST

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To: stak who wrote (36499)	10/5/1998 1:31:00 AM
From: Stoctrash	Read Replies (1) of 50808

Here is some fuel...China sez its GreenSpam!! biz.yahoo.com *Rare...no ranting,,,...we know, we know!!! "China paper assails U.S. rate cut as too small BEIJING, Oct 5 (Reuters) - China's leading newspaper on Monday criticised as inadequate a U.S. interest rate cut last week, saying it was ''like trying to douse a blazing cartload of kindling with a cup of water.'' The People's Daily urged deeper interest rate cuts and called on Washington to approve $18 billion of additional funding urgently needed by the International Monetary Fund. Last week the U.S. Federal Reserve cut a key short-term interest rate, the federal funds rate, by a quarter of a percentage point to 5.25 percent. ''The U.S. interest rate cut can help reduce the currency pressure on developing countries and ease the spreading international financial crisis,'' the Communist Party mouthpiece said in a signed commentary. ''It is a wise action, but it is too small,'' the commentary said. It said the rate cut was also aimed at stimulating the domestic economy." ....more

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