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To: Bobby Yellin who wrote (16089)	8/18/1998 4:35:00 PM
From: Alan Whirlwind	Respond to of 116769

My favorite cartoon of recent is one actually published this morning by a French newspaper. Clinton leans on the blind statue of justice and she turns and says, "Don't touch me." --Alan

To: Bobby Yellin who wrote (16089)	8/18/1998 9:59:00 PM
From: goldsnow	Respond to of 116769

Yeltsin goes to ground amid currency crisis By Marcus Warren in Moscow PRESIDENT Yeltsin sought to distance himself from Russia's devaluation crisis yesterday, retreating to a country residence while his government struggled to end the turmoil in the markets. Muscovites rushed to get rid of roubles and buy dollars but many were deterred by the high exchange rates set by banks and bureaux de change.The crisis claimed its first political victim when Mr Yeltsin dismissed Alexander Livshits, his chief economic adviser. But it emerged that the Russian leader refused an offer of resignation from Sergei Kiriyenko, the Prime Minister, at the weekend. <Picture> Gennady Zyuganov The country's Communist opposition vowed to step up demands for Mr Yeltsin's resignation at an emergency session of parliament on Friday. Gennady Zyuganov, leader of the Communist Party, said: "The president has absolutely devalued himself. The country has been sharply cheapened . . . Everything has been damaged by rot, everything has gone to pieces." Mr Yeltsin himself returned to one of his country residences after a brief appearance in the Kremlin on Monday. Aides insisted that he was continuing his holiday, but could return to Moscow at short notice. Russians have not heard any public statement from their president since he promised last Friday that there would be "no devaluation; that's firm and definite". His government has been left trying to head off a predicted wave of inflation and justify to creditors the decision to impose a moratorium on some debt payments. The central bank intervened to impose some order on the country's exchange system, threatening to withdraw licences from banks where the spread between the rate for buying and selling dollars was more than 15 per cent. Sergei Dubinin, the central bank's head, was another senior official who offered to resign at the secret meeting on Sunday night which agreed Russia's currency U-turn. This, too, was refused. The rouble fell to 9.5 to the dollar at some Moscow exchange points, marking a de facto 50 per cent devaluation on last week. Banks were buying dollars for as little as 6.4 roubles.