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To: Karen E Hoof who wrote (16299)	8/21/1998 12:09:00 PM
From: Alex	Read Replies (1) \| Respond to of 116820

DEUTSCHE BANK CONFIRMS MAJOR GERMAN BANKS MEETING ON RUSSIA ÿÿÿÿÿFRANKFURT (MktNews) - Major German banks are conferring on the precarious financial situation in Russia, a Deutsche Bank spokesman confirmed Friday. ÿÿÿÿÿNo Russian officials are present at the meeting, the spokesman said, adding that it was not yet clear whether the conferring banks would issue a statement at the end of their meeting. ÿÿÿÿÿWith some $30 billion in outstanding credit, German banks are among the most heavily exposed to the financial crisis in Russia. ÿÿÿÿÿA remark by Russian Prime Minister Sergei Kiriyenko on Friday that Russia was only at the beginning of a serious financial crisis further rattled the financial markets and unleased a fresh wave of safe-haven flows into European and North American securities, especially government bonds. 06:18 EDT 08/21 c 1998 Market News Service, Inc. economeister.com

To: Karen E Hoof who wrote (16299)	8/21/1998 12:41:00 PM
From: Alex	Read Replies (2) \| Respond to of 116820

Karen, here in Canada the govt. is considering investing our Canada Pension Plan money in the stock market for the first time. Haven't followed this story real close so maybe someone else can comment on it in more detail. My main concerns are two fold. 1. The retirement money of all Canadians would be invested in God knows what, and they have no say in it. These contributions are mandatory. 2. My second concern goes to the heart of your post - these funds could (would?) be used on a day to day basis, by the govt., to manipulate the market. This may seem like a great idea while boomers are savers, but what about when they go to retire? Japan, with its' aging population, is a leading indicator of what lies ahead for us with regards to that IMHO. All the best