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To: William H Huebl who wrote (51139)	8/30/1998 1:00:00 AM
From: Dwight E. Karlsen	Read Replies (2) \| Respond to of 58727

Some good news on both the China and Russian fronts: Chernomyrdin forms special group to fight crisis biz.yahoo.com MOSCOW, Aug 29 (Reuters) - Russia's acting Prime Minister Viktor Chernomyrdin has formed a group of senior reformers with a task to prepare urgent measures to halt the country's acute financial crisis, a government spokeswoman said on Saturday. ...Chernomyrdin is fighting for approval in his post by the communist-led lower house of parliament and the two sides are working out a mutually acceptable economic policy. This has alarmed the West but on Saturday morning the acting premier stated firmly there would be no return to Soviet past." ----------- also some support from China to help stop rumors surrounding the Yuan and the HK dollar (peg): China to defend HK dollar - top Beijing economist biz.yahoo.com