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To: Angela who wrote (2742)1/8/1998 3:13:00 AM
From: pat mudge  Read Replies (1) | Respond to of 6180
 
[Asia and IMF]

<<<
As it is right now, some of the IMF
contributing countries are not very happy about about their share
of the current bailout. I read about that in The Electronic
Telegraph -- London -- but you don't seem to hear about that side
in the US Papers. >>>

And from today's LATimes, I understand there's some concern Clinton may not be able to convince Congress to continue supporting the IMF. I can't imagine the U.S. would back out. It would be devastating.

I didn't follow the Indonesia news today and am concerned this type of irresponsibility could push the congress into not supporting the IMF. Do you remember the Mel Gibson/Sigourney Weaver film, " Year of Living Dangerously?" About Indonesia under Sukharno, it's worth renting if you've not seen it. Though it won't bring any comfort. See it if only for Linda Hunt's role as Billy, the photo-journalist. The film exposes the corruption and may even help us understand what's happening today.

<<<
Well -- here's hoping that the IMF will hang tough and S. Korea
(and the global economy)will be that much stronger 5 years
from now -- so they can keep buying lots of cell phones with
TI DSP chips in them! And ADSL modems and networking equipment and TV's with DSP. . . >>>

I agree. Did the bankers meet today? I heard the meeting got pushed back b/c of weather. Then I had to make a fast trip to LA (dau. sick), and didn't hear what happened.

Thanks, again, for your intuitive posts on the Asian situation.

Cheers!

Pat