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To: John Hunt who wrote (37695)	7/24/1999 7:34:00 AM
From: John Hunt	Respond to of 116770

Noose Closing on Bin Laden << One thing is beyond a doubt – there is currently a major global offensive underway, aimed at capturing or killing suspected Saudi terrorist Osama bin Laden. Investigators were apparently given a major boost by the recovery of satellite telephone equipment and encrypted computer files during the December 1998 capture of Abu al-Hassan, leader of the Yemeni extremist Aden-Abyan Islamic Army, a splinter group of Islamic Jihad with ties to bin Laden. Since then, the U.S. has moved to close off possible escape routes for bin Laden from his redoubt in Afghanistan ... more ... >> stratfor.com

To: John Hunt who wrote (37695)	7/24/1999 8:04:00 AM
From: John Hunt	Respond to of 116770

South Korea To Break Up Daewoo << Credit banks will start breaking up South Korea's debt-ridden Daewoo conglomerate in August, the government's top financial regulator said today. Daewoo, South Korea's second-largest conglomerate, narrowly escaped becoming South Korea's largest-ever bankruptcy this week when its creditors agreed to delay repayment of $8.3 billion in short-term debt for six months and extend $3.3 billion in new loans. But doubts persisted over Daewoo's commitment -- and ability -- to unload most of its 40 subsidiaries within six months to overcome its severe cash strains. As such concern spread, Korean stock prices plunged today, sending a key indicator down 7.3 percent in the third largest daily drop in the history of the Korean Stock Exchange ... more ... >> biz.yahoo.com

To: John Hunt who wrote (37695)	7/25/1999 6:12:00 AM
From: John Hunt	Read Replies (2) \| Respond to of 116770

Russia Argues for Debt Forgiveness << Russian economic authorities have launched a new campaign, making the case to international lenders that Russia is simply unable to pay its debt. According to Russia's Interfax news agency, Russian officials informed the IMF in a document that Russia's foreign debt amounted to $150 billion, or 90 percent of its GDP for 1999. The document called the figure, "well beyond any realistic threshold for repayment capacity." The document also stated that Russia was still actively trying to reschedule Soviet-era debt accumulated before January 1, 1992, while simultaneously attempting to pay its more recent debts. In an interview published by AP Worldstream on July 23, Russian envoy to international financial organizations Mikhail Zadornov said Russia will see no economic growth for at least a decade unless the debts are rescheduled, because Russia's debt payments to foreign countries almost equal its expected revenue. Russia is supposed to pay between $13 billion and $19 billion per year to foreign lenders until 2008. Zadornov said that while Russia is scheduled to pay out $17 billion of its approximately $20 billion in revenues, these creditors will not see more than $9 billion ... more ... >> stratfor.com