Word: coup
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...both visit Jakarta and other Asian capitals this week, along with a senior IMF delegation. If Suharto falls into line, the IMF could accelerate the release of $3 billion in additional funds. And if he doesn't? The market slide seems sure to continue, and rumors of a military coup, already rife in Jakarta, could move a step closer to reality...
...doomsaying pick of this week has to be The Year of Living Dangerously (1983). Mel Gibson watches Indonesian President Suharto's bloody rise to power; millions killed in military coup. Today, it's still Suharto, it's still a military dictatorship, and with the IMF reforms (and Suharto's reluctance to impose them) making everybody nervous, the generals are still crazy after all these years. Eeesh...
Suharto's Fantasy Island TIME magazine reports that President Clinton, in a personal phone call to Indonsia?s President Suharto, demanded that the aging strongman implement IMF reforms. Economic chaos in the Asian nation could lead to a military coup...
...Suharto falls into line, the IMF could accelerate the release of $3 billion in additional funds. And if he doesn?t? The market slide seems sure to continue, and rumors of a military coup, already rife in Jakarta, could move a step closer to reality...
...mood? Asia. For a few days this week, Asia was looking up. South Korea was leveling off. Then came Indonesia. "The panic in Indonesia reminded everyone that the Asia problems aren't going away." In some ways, Indonesia, ripe with rumors of civil unrest and even a military coup, is worse because it sparks the imagination. "Having that on their minds, with the dread of next week," says Schwartz, "there was a rush Friday to get some profits out before it all comes down...