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To: dvid who wrote (25858)1/10/1999 11:02:00 PM
From: Enigma  Respond to of 116762
 
dvid - did you mean this (in the interest of equal time):
Danny is not Clinton's boy: report

Washington, Sunday: DNA tests have proved that US President Bill Clinton did not father the son of a former prostitute, Time magazine reported today.

The weekly reported that tests showed blood samples taken from Bobbie Ann Williams and her 13-year-old son Danny did not match the president's DNA.

"There was no match. Not even close," the news magazine reported, citing a source at the tabloid Star newspaper which authorised the tests.

The report ends years of speculation over the affair - accounts of which first surfaced in US tabloid newspapers in 1992.

The Star paid the African-American former prostitute for her story and the blood samples after she hawked a story to the press alleging Clinton's paternity.

It compared the samples with an analysis of Clinton's DNA which was carried out by the Federal Bureau of Investigation and included in independent counsel Kenneth Starr's report into the Monica Lewinsky affair.

The report contained sufficient data to make a valid DNA comparison, Time maintained.

When the tabloid Globe broke the story in 1992 it said Williams, from Arkansas, had passed a lie detector test.

She later went on to give interviews to the television program Hard Copy describing her "relationship" with Bill Clinton, according to the web-based Drudge Report.

Clinton denies ever meeting her, the online report added. - Agence France-Presse

E



To: dvid who wrote (25858)1/11/1999 2:33:00 AM
From: Investor-ex!  Read Replies (1) | Respond to of 116762
 
Uh-oh, GITIC officially reneges -- this won't go over well...

Monday, January 11, 1999

Major Chinese investment firm declared bankrupt


Hong Kong: Guangdong International Trust and Investment Corp (GITIC) has been declared bankrupt with debts totalling 36.17 billion yuan ($6.98 billion) in one of China's biggest corporate collapses, reports here said today.

The bankruptcy decision, the first in communist China since 1949, was announced at a meeting with 200 local and international creditors in southern Guangzhou yesterday, the South China Morning Post and the Hong Kong Standard reported.

It provided for payment to some 20,000 individual Chinese creditors but left foreign creditors in the lurch failing to give international creditors any assurances they would be repaid, even if their exposure to GITIC was registered with the Government.

GITIC, which is the investment arm of the Guangdong provincial government, has assets of 21.47 billion yuan against debts of 36.17 billion yuan, according to a central bank appointed liquidation committee.

The company owed $US1.4 billion ($A2.22 billion) to banks in Hong Kong alone, the Hong Kong Standard reported.

Mr Wu Jiesi, who heads the liquidation and trustee committee, said foreign creditors would not necessarily receive priority in repayment.

Mr Chen Yingming, a legal expert on foreign financial institutions, said the measures were in line with China's bankruptcy law and the regulation of the State Administration of Foreign Exchange (SAFE).

"Those foreign debts which were not registered with SAFE will not be protected by the law," Mr Chen was quoted as saying. He added foreign banks had virtually no chance of repayment.

The central People's Bank of China ordered GITIC's closure three months ago after it failed to meet its loan obligations. - Agence France-Presse