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To: JW@KSC who wrote (30179)1/4/1998 1:04:00 PM
From: JW@KSC  Read Replies (1) | Respond to of 31386
 
Soros Says Global Finance System Breaking Down

Financier George Soros said Wednesday the international financial system was suffering a systemic breakdown thanks to the crisis in south-east Asia.

Writing in the Financial Times newspaper, the multi-billionaire
behind Soros Fund Management said the financial community should grab the opportunity to set up a new global authority to guarantee international loans for a fee.

''What started out as a minor imbalance (in Asia) has
become a much bigger one that threatens to engulf not only
international credit but also international trade,'' he wrote in
the paper.
pathfinder.com



To: JW@KSC who wrote (30179)1/4/1998 1:19:00 PM
From: JW@KSC  Respond to of 31386
 
NASD to Propose Trading System Changes

Top officials at the National
Association of Securities Dealers say they will submit proposals to federal regulators by year-end to upgrade its dealer-to-dealer trading system and give investors access to the best stock prices.

'It will give investors the ability to get directly into the market,'' said Richard Ketchum, executive vice president and chief operating officer of NASD, on Tuesday.
pathfinder.com