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To: SwampDogg who wrote (44363)	10/30/1999 4:27:00 PM
From: Alex	Respond to of 116753

New global finance forum to hold 1st session Dec. 16 ------------------------------------------------------------------------ A new global forum will hold its first meeting in Berlin, possibly on Dec. 16, to discuss ways of averting the financial crises that have swept Asia and other parts of the world in recent years, an international financial source said Friday. The Group of Seven (G-7) nations -- Britain, Canada, France, Germany, Italy, Japan and the United States -- want to finalize the composition of the group early next month, the source told Kyodo News. ------------------------------------------------------------------------ <Picture>Hyogo gov't takes over lender hit by Princeton bonds ------------------------------------------------------------------------ A small financial institution in Hyogo Prefecture will be placed under local government control following its plea for help after suffering huge losses on so-called Princeton bonds, the local government announced Friday. Kita Hyogo Credit Cooperative spent 2.7 billion yen ($25.7 million) on the bonds issued by Princeton Economics International (PEI) of the United States and asked the Hyogo prefectural government for help Thursday as the bonds have turned out to be worthless. ------------------------------------------------------------------------ TOKYO, Oct. 29 ....... Back to headlines <Picture>Gov't urges public to stockpile food, water for Y2K ------------------------------------------------------------------------ The government recommended Friday that the public stockpile several days' worth of food and water over the year-end as a precaution against the Year 2000 computer problem. 'We believe there will be no widespread confusion' that will have a major impact on people's daily lives, the government said in presenting an 11-point list of precautions aimed at the public.