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To: d:oug who wrote (47675)1/30/2000 8:58:00 AM
From: Ironyman  Read Replies (2) | Respond to of 116764
 
Hmnn,,,,If gold is not of value, then why is the new "LIZZY BORDEN" dollar colored gold?
Irony Man



To: d:oug who wrote (47675)1/30/2000 12:22:00 PM
From: grampa  Respond to of 116764
 
Gramma says you sound like me-

:-)



To: d:oug who wrote (47675)1/30/2000 1:27:00 PM
From: Alex  Respond to of 116764
 
Soros: IMF Should Not Help Russia

DAVOS, Switzerland (AP) -- U.S. financier George Soros said Sunday that the International Monetary Fund should pull out of Russia in view of the current political climate there.

Foreign institutions and investors ``have lost the ability to influence the direction of events' in Russia, Soros, chairman of the influential Soros Fund Management, told a news conference at the World Economic Forum meeting in Davos.

Soros pointed to the conflict in the breakaway republic of Chechnya as a worrying sign.

With civilian deaths in Chechnya and hundreds of thousands of refugees fleeing the fighting, Western countries have criticized the war, which is popular among Russians.

``For 10 years...we had the ability to influence things in Russia and move them in the right direction and we flubbed it,' Soros said.

With Russia now moving in the wrong direction, the IMF should pull out, he said.

On Saturday, the IMF's second-ranking official said the fund may delay paying Russia the second $460 million installment of a $4.5 billion loan until after presidential elections in March.

Stanley Fischer told reporters there is little evidence to suggest Moscow has made progress with some economic reforms crucial to approving the installment.

The payment originally was due in September, but was delayed after the IMF imposed new conditions amid international concern about what happened to previous loans.

The Russian government is counting on receiving four IMF installments of $460 million each in 2000 to help finance its budget. The IMF agreed to the loan program last July, releasing $640 million at the time.

AP-NY-01-30-00 1206EST

Copyright ¸ Associated Press. All rights reserved.

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