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To: Boplicity who wrote (25652)12/18/1997 8:01:00 PM
From: Mohan Marette  Respond to of 176387
 
Greg: you know what, I am still trying to figure out whether Economics is an art form or science. Economists, I think, are good in 'predicting' past events (how is that for an oxymoron?) and their batting average is sub-par in predicting future events.



To: Boplicity who wrote (25652)12/19/1997 9:15:00 AM
From: Mohan Marette  Read Replies (1) | Respond to of 176387
 
Greg: According to Financial Times London, Korea's new president
Kim Dae-jung will comply with strict IMF conditions- I say this is
good news.

"New South Korean president warns of hard times ahead Kim Dae-jung, South Korea's new president, clinched victory in yesterday's election and immediately told Koreans suffering from the financial crisis, to prepare for more hard times. Declaring that ''reform without pain is impossible'' Kim said he would abide by the tough conditions of a $57bn IMF bailout package. He also vowed to help the nation's small businesses, but avoided mentioning ..."