Word: state-run
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Jiang Zemin announces plans to float stock in China's state-run enterprises (TIME Daily) ... Clinton nominates CDC director Satcher to fill long-standing surgeon general vacancy (AllPolitics) ... Scots vote overwhelmingly to establish their own parliament after nearly 300 years without one (TIME Daily) ... An angry Senator Jesse Helms resists attempts to force a hearing over William Weld?s ambassador nomination (AllPolitics) ... A federal judge rules American Airlines is liable for compensatory damages because its pilots were negligent in a deadly 1995 Colombia crash (Reuters) ... U.S. Secretary of State Albright urges Israel and the PLO to end their verbal sparring...
...stand up against the profiteering of the Karadzic clique. When she took over the Bosnian Serb Republic's presidency a year ago after the U.S. forced Karadzic to resign, she saw firsthand how deep the corruption ran. Karadzic and his allies still controlled the police, the media and the state-run businesses, which are the republic's key political institutions. "During the war, I was aware that many things were done in an illegal way," Plavsic said. "I justified it with the circumstances of war. I thought peace would bring another attitude and another way of running a state...
...plant in the Rawalpindi suburbs was similar to an M-11 rocket facility in Hubei province in central China. Reports from agents on the ground, along with telephone intercepts, revealed that about a dozen engineers from the China Precision Machinery Import-Export Corp. have visited the Rawalpindi site. The state-run corporation, based in Beijing, is in charge of marketing missiles like the M-11 overseas. The CIA also spotted crates containing what it believed were machine tools for building rocket motors being shipped by the Chinese corporation to the plant...
...Zaire: The government of the newly named Democratic Republic of Congo is moving quickly to consolidate power two days after Laurent Kabila's ragtag rebel soldiers marched victoriously into the capital, reports TIME's Peter Graff from Kinshasa. "Kabila's representatives met Monday with the chairmen of the major state-run enterprises and the heads of the national bank," says Graff, "and they did it very publicly." The moves have helped to stabilize the national currency, which soared from 170,000 zaire to the dollar on Friday to 50,000 to the dollar Monday. Kabila, who has assumed the title...
...than the number implies, since the prices of goods and services remain relatively low. The Chinese can buy cars, appliances, TVs, pagers, cell phones, computers--all the expensive gadgetry of advanced industrialism. Private enterprises have expanded to make up 13.5% of the economy, and joint ventures account for 38%; state-run production has dwindled...