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Voice of America, 97-11-27

Voice of America: Selected Articles Directory - Previous Article - Next Article

From: The Voice of America <gopher://gopher.voa.gov>


CONTENTS

  • [01] EURO STOCKS (S ONLY) BY JACK HUIZENGA (LONDON)
  • [02] GERMANY / STUDENTS (L ONLY) BY KYLE KING (BONN)
  • [03] THANKSGIVING THURSDAY'S EDITORIALS BY ANDREW N. GUTHRIE (WASHINGTON)

  • [01] EURO STOCKS (S ONLY) BY JACK HUIZENGA (LONDON)

    DATE=11/27/97
    TYPE=CORRESPONDENT REPORT
    NUMBER=2-223330
    CONTENT=
    VOICED AT:

    INTRO: STOCK PRICES WERE MIXED IN TRADING THURSDAY ON EUROPEAN MARKETS. JACK HUIZENGA HAS THE CLOSING MARKET REPORT FROM LONDON.

    TEXT: PRICES MOVED HIGHER IN BOTH PARIS AND FRANKFURT. BUT THE LONDON MARKET LOST ITS SMALL EARLY GAINS AND FINISHED LOWER. ANALYSTS SAID THE TRADING IN EUROPE WAS SLOWED BECAUSE OF THE THANKSGIVING HOLIDAY IN THE UNITED STATES.

    THE BIGGEST GAIN WAS IN FRANKFURT. THE DAX-30 INDEX ROSE MORE THAN 37-POINTS, ALMOST ONE-PERCENT OF THE FRANKFURT MARKET'S TOTAL VALUE. IN PARIS, THE CAC-40 INDEX GAINED MORE THAN 17-POINTS, ABOUT SIX-TENTHS PERCENT. IN LONDON, THE FOOTSIE-100 INDEX WAS OFF FRACTIONALLY, ABOUT TWO-POINTS.

    ON THE LONDON CURRENCY EXCHANGE, THE U-S DOLLAR GAINED IN VALUE AGAINST THE GERMAN MARK AND THE BRITISH POUND, BUT WAS DOWN SLIGHTLY AGAINST THE JAPANESE YEN.
    NEB/JWH/RAE
    27-Nov-97 1:07 PM EST (1807 UTC)
    NNNN
    Source: Voice of America


    [02] GERMANY / STUDENTS (L ONLY) BY KYLE KING (BONN)

    DATE=11/27/97
    TYPE=CORRESPONDENT REPORT
    NUMBER=2-223325
    CONTENT=
    VOICED AT:

    INTRO: TENS-OF-THOUSANDS OF GERMAN UNIVERSITY STUDENTS, ANGERED BY GOVERNMENT CUTS IN EDUCATION SPENDING, HAVE PROTESTED IN BONN. V-O-A'S KYLE KING REPORTS.

    TEXT: THE MASS DEMONSTRATIONS, WHICH BEGAN WEDNESDAY IN BONN AND BERLIN , HAVE TURNED INTO THE LARGEST WAVE OF GERMAN STUDENT PROTESTS IN MORE THAN TWO DECADES.

    /// STUDENT PROTEST SOUNDS ///

    CHANTING AND WHISTLE BLOWING STUDENTS, SOME CARRYING BANNERS AND SIGNS PROTESTING GOVERNMENT CUTS IN EDUCATION, SAY THEY ARE CONCERNED ABOUT THE QUALITY OF THE GERMAN UNIVERSITY SYSTEM.

    /// STUDENT ACT - IN GERMAN - FADE UNDER ///

    FROM DEPARTMENT TO DEPARTMENT THE CONDITIONS DIFFER WIDELY THIS YOUNG CHEMISTRY STUDENT EXPLAINS. BUT AT MY UNIVERSITY ENTIRE FLOORS IN SOME BUILDINGS ARE SO RUN DOWN THEY ARE NO LONGER USABLE.

    /// OPT ///

    A LAW SCHOOL STUDENT IN THE WESTERN CITY OF TRIER, FRANCISCA KERA, SAYS THE LACK OF BOOKS IN THE LIBRARY THERE HAS REACHED CRISIS PROPORTIONS.

    /// OPT // KERA ACT - GERMAN - FADE UNDER ///

    /// OPT ///

    ITS A CATASTROPHE, SHE SAYS. FOR EXAMPLE, THERE ARE TWO BOOKS IN THE LEGAL LIBRARY THAT HAVE TO BE USED BY 400 OR 500 STUDENTS DURING THE SEMESTER. SHE SAYS THE SITUATION IS IMPOSSIBLE. /// END OPT ///

    THE STUDENTS CAME TO BONN FROM UNIVERSITIES AROUND THE COUNTRY AFTER NEARLY A WEEK OF LOCAL PROTESTS. THEY SAY CLASSROOMS HAVE BECOME SEVERELY OVERCROWDED, AND CUTS IN SUBSIDIES HAVE BECOME SO SEVERE THEY DO NOT HAVE ENOUGH MONEY TO LIVE ON.

    MANY OF THE PROTESTERS SAY THEY ARE ESPECIALLY ANGERED BY THE FACT THAT THE GERMAN GOVERNMENT HAS SET ASIDE NEARLY 500-MILLION DOLLARS FOR THE PROPOSED EURO FIGHTER AIRPLANE PROGRAM, WHILE UNIVERSITY SUBSIDIES HAVE BEEN SLASHED BY NEARLY ONE-THIRD SINCE 1992.

    DESPITE THE SIZE OF THE PROTESTS, SOME STUDENTS SAY THEY ARE SKEPTICAL THE GOVERNMENT WILL BE ABLE TO DO MUCH ABOUT THE PROBLEM.

    /// STUDENT ACT - IN GERMAN - FADE UNDER ///

    THIS YOUNG MAN SAYS IT IS REALLY DIFFICULT. THE GOVERNMENT DOES NOT HAVE ENOUGH MONEY, HE SAYS, SO IF THEY PUT MORE INTO EDUCATION, THEY WILL JUST BE CREATING MORE DEBT IN SOME OTHER AREA.

    GERMANY'S EDUCATION MINISTER HAS PROPOSED A ONE TIME, 46-MILLION-DOLLAR INCREASE IN FUNDING FOR UNIVERSITIES. BUT EXPERTS SAY GERMANY'S TUITION FREE SYSTEM IS NOW IN CRISIS. NEARLY TWO-MILLION STUDENTS ARE NOW STUDYING IN UNIVERSITIES THAT WERE DESIGNED FOR ABOUT ONE-HALF THAT MANY.

    CHANCELLOR HELMUT KOHL EXPRESSED SYMPATHY FOR THE STUDENTS EARLIER THIS WEEK. BUT HE BLAMED THE PROBLEM ON INDIVIDUAL GERMAN STATES, SAYING THEY WERE RESPONSIBLE FOR EDUCATION, NOT THE FEDERAL GOVERNMENT. (SIGNED)
    NEB/KBK/JWH
    27-Nov-97 1:04 PM EST (1804 UTC)
    NNNN
    Source: Voice of America


    [03] THANKSGIVING THURSDAY'S EDITORIALS BY ANDREW N. GUTHRIE (WASHINGTON)

    DATE=11/27/97
    TYPE=U-S EDITORIAL DIGEST
    NUMBER=6-10463
    TELEPHONE=619-3335
    EDITOR=ASSIGNMENTS
    CONTENT=

    /// ED'S, BECOMES DATED AFTER 10 P-M EST TODAY ///

    INTRO: THIS IS THANKSGIVING IN THE UNITED STATES, THE GREAT, NATIONAL HARVEST FESTIVAL, AND MANY PAPERS DO NOT PUBLISH. ON THIS DAY, FAMILIES GATHER FOR A BIG MEAL, TRADITIONALLY OF TURKEY, AND GIVE THANKS TO GOD BOTH FOR THE YEAR'S HARVEST, AND FOR ALL THEIR BLESSINGS.

    IN THE EDITORIAL COLUMNS, MANY PAPERS DEVOTE THE SPACE TO ACCOUNTS OF THE FIRST THANKSGIVING, CELEBRATED BY THE PILGRIM SETTLERS IN MASSACHUSETTS IN 1621, WHO WERE BEFRIENDED BY THE LOCAL NATIVE AMERICANS. THEY CELEBRATED THEIR FIRST HARVEST IN THE NEW WORLD WITH THEIR ABORIGINAL NEIGHBORS AND FROM THIS JOINT MEAL, COMES TODAY'S TRADITION OF FEASTING AND GIVING THANKS TO GOD FOR BLESSINGS.

    HOLIDAY OR NOT, SEVERAL PAPERS ARE CONTINUING THEIR CONCERN ABOUT THE ASIAN ECONOMIC COLLAPSE AND ITS IMPLICATIONS; THE ANTI-DEMOCRATIC MOVEMENT IN CROATIA; AND THE PROSPECTS FOR HAITI. THERE IS ALSO SOME PRAISE FOR MARYLAND SCIENTISTS AND THEIR SO-FAR SUCCESSFUL SPACE PROBE. NOW, HERE WITH A CLOSER LOOK, ON THIS HOLIDAY, IS ______________________AND TODAY'S EDITORIAL DIGEST.

    TEXT: TODAY'S "MIAMI HERALD" FEELS THE I-M-F RESCUE PLANNED FOR SEVERAL ASIAN NATIONS MAY SUCCEED.

    VOICE: CAN THE INTERNATIONAL MONETARY FUND CURE ASIA'S AILING TIGERS? THE ONCE-ROBUST ECONOMIES OF THAILAND, INDONESIA, PHILIPPINES, SOUTH KOREA, AND JAPAN NOW SEEM DEFANGED, IF NOT IN DANGER OF COLLAPSE. /// OPT /// ASIAN HEADS OF STATE ASSEMBLED THIS WEEK IN VANCOUVER ... WITH PRESIDENT CLINTON, THOUGH CONGRESS SHAMEFULLY HAD UNDERCUT THEM BY FAILING TO APPROPRIATE 3-POINT-FIVE BILLION FOR THE I-M-F EMERGENCY FUND. MEANTIME, THE ASIAN 'FLU' SEEMED TO BE SPREADING TO JAPAN, THE WORLD'S NUMBER TWO ECONOMY ... AND DOES CHINA HAVE A COHERENT PLAN TO DEAL WITH THE COLLAPSE OF ITS BANKS, WHICH HOLD A REPORTED 90-BILLION IN 'PROBLEM LOANS'? /// END OPT

    /// ... WHY SHOULD ANY OF THIS CONCERN THE AMERICAN PEOPLE WHEN THE MOST IMMEDIATE IMPACT IS LIKELY TO BE CHEAPER ASIAN IMPORTS? BECAUSE TRADE IS A TWO-WAY STREET. ... MOREOVER, IN THIS INCREASINGLY GLOBAL ECONOMY, IT'S A RARE PENSION FUND THAT DOESN'T HAVE SOME INVESTMENT IN ASIAN MARKETS THAT WERE PAYING HIGH RETURNS...WHEN CONGRESS RETURNS ... ITS FIRST ITEM OF BUSINESS MUST BE TO APPROPRIATE THE 3-POINT-FIVE BILLION DOLLARS PLEDGED TO THE I-M-F ... TO IMMUNIZE THE U-S ECONOMY FROM AN ASIAN FLUE THAT FELLS TIGERS.

    TEXT: TODAY'S "CHICAGO TRIBUNE," SAYS THIS ASIAN SITUATION SHOWS, CLEARLY, THE NEGATIVE SIDE OF TODAY'S GLOBAL ECONOMY.

    VOICE: IN THE WORLD OF ECONOMICS AND BUSINESS, THERE ARE N O UNMIXED BLESSINGS. ///OPT/// INVESTORS AND ECONOMISTS WHO HAVE BEEN TOUTING THE VIRTUES OF GLOBALIZATION, THAT BUZZWORD [POPULAR SLOGAN] OF THE 1990S, HAVE BEEN REMINDED RECENTLY THAT /// END OPT /// EVERY SILVER LINING COMES WITH A CLOUD. AMID AN UNPRECEDENTED BOOM TIME FOR THE UNITED STATES, THAT CLOUD HAS COME IN THE FORM OF GROWING ECONOMIC CHAOS IN ASIA. ... GLOBALIZATION - - SPECIFICALLY, A BURGEONING GLOBAL ECONOMY THAT HAS ...STIMULATED TRADE WORLDWIDE [ALSO] ... MEANS THAT WHEN THERE'S A CURRENCY CRISIS IN THAILAND OR MALAYSIA, AMERICAN INVESTORS FEEL THE PINCH [ILL EFFECTS]. AND WHEN AN ENTIRE REGION GOES INTO AN ECONOMIC TAILSPIN AS PRECIPITOUS AS THE ONE IN ASIA, THE REST OF THE WORLD CAN GET SUCKED IN. // OPT // ... THE U-S OUGHT NOT TO BEAR AS GREAT A BURDEN OF RESPONSIBILITY FOR THE ASIA BAILOUT [AS IT DID FOR MEXICO TWO YEARS AGO, LOANING 13-POINT-FIVE BILLION DOLLARS.] THAT ROLE WOULD MORE APPROPRIATELY FALL TO JAPAN, BUT IT IS FACING ITS OWN CRUSHING ECONOMIC CRISIS. // END OPT //

    TEXT: TURNING TO ONE OF EUROPE'S CONTINUING TROUBLE SPOTS, THE BALKANS, "THE NEW YORK TIMES" IS FURIOUS AT CROATIAN PRESIDENT FRANJO TUDJMAN'S VENDETTA AGAINST A PRIVATE, U-S BACKED DEMOCRACY PROJECT.

    VOICE: CROATIA HAS JUST BECOME THE FIRST COUNTRY IN THE FORMER EAST BLOC TO CRIMINALIZE THE WORK OF GEORGE SOROS'S OPEN SOCIETY INSTITUTE. LAST WEEK, A ZAGREB COURT CONVICTED THE CROATIAN INSTITUTE'S DIRECTOR AND ACCOUNTANT OF FALSIFYING OFFICIAL RECORDS, A CHARGE ... THE INSTITUTE CLAIMS IS PURELY POLITICAL. THERE IS GOOD REASON TO DOUBT THE GOVERNMENT'S CASE. THE CROATIAN GOVERNMENT IS SYSTEMATICALLY ATTACKING ALL THE COUNTRY'S MAJOR INDEPENDENT INSTITUTIONS IN A CRUDE CAMPAIGN OF INTIMIDATION. PRESIDENT ... TUDJMAN WANTS HIS COUNTRY TO BE RESPECTED AND INVITED INTO GROUPS SUCH AS THE EUROPEAN UNION. BUT HE IS NOT WILLING TO PUT UP WITH THOSE PESKY EUROPEAN-STYLE NOTIONS OF ...FREE ELECTIONS, RESPECT FOR ETHNIC MINORITIES AND TOLERANCE OF DISSENT.

    TEXT: TURNING TO THIS HEMISPHERE, "THE WASHINGTON POST" ON THIS THANKSGIVING HOLIDAY, SPECULATES ABOUT THE FUTURE OF THE REGION, POOREST, MOST WAR-RAVAGED NATION.

    VOICE: AMONG ALL THE EXERCISES IN NATIONAL REVIVAL TO WHICH THE UNITED STATES HAS COMMITTED ITSELF IN POST-COLD WAR TIMES, HAITI IS ONE OF THE HARDEST CASES. IN THE THREE YEARS SINCE PRESIDENT CLINTON DROPPED IN 22-THOUSAND AMERICAN TROOPS TO RESTORE COUP VICTIM JEAN-BERTRAND ARISTIDE, HAITIANS HAVE STRUGGLED TO BUILD A WORKING POLITICAL AUTHORITY. BUT THE EFFORT IS HUNG UP ON [BEING BLOCKED BY] RAW CRAVINGS FOR POWER MANIFESTED FIRST BY THE STILL POWER MR. ARISTIDE, ... NO LONGER PRESIDENT, AND A HOST OF OTHERS. ... IN SOME AMERICAN QUARTERS, THERE IS A READINESS TO MARK HAITI DOWN AS LOST AND TO CONSIGN IT INDEFINITELY TO THE INTERNATIONAL DOLE. BUT THAT WOULD BE INHUMANE AND PATRONIZING, // OPT // NOT TO SPEAK OF UNNEIGHBORLY, AND COULD SPUR AN UNWANTED EXODUS OF BOAT PEOPLE. // END OPT // THE BETTER WAY IS TO ACCEPT REGIONAL LEADERSHIP AND COMMIT TO THE LONG HAUL ... BY COOPERATING WITH OTHERS AND WITHOUT RAISING UNWARRANTED EXPECTATIONS."

    TEXT: AND FINALLY, SOME COMMENTS ON THIS HOLIDAY OF THANKSGIVING, OF GIVING THANKS FOR ALL THE GREAT GIFTS WHICH GOD HAS BESTOWED UPON SO MANY OF US IN THIS LAND, NOT THE LEAST OF WHICH IS YET ANOTHER BOUNTIFUL HARVEST IN MOST AREAS OF THE NATION. IN CHICAGO, "THE SUN TIMES" BEGINS ITS EDITORIAL ON "GIVING THANKS" THIS WAY.

    VOICE: ON THIS DAY ... AMERICA HAS MUCH TO APPRECIATE ... [INCLUDING] THE ECONOMIC HEALTH OF OUR AREA AND OUR NATION. THE U-S JOBLESS RATE WAS 4-POINT-7 PERCENT, THE LOWEST IN 24 YEARS. INFLATION IS AT A TAME ONE-POINT-8 PERCENT. // OPT // CHICAGO IS SEEING REVITALIZATION IN PARTS OF THE CITY WHERE DECAY ONCE SEEMED IRREVERSIBLE.

    // END OPT //

    TEXT: "THE CHICAGO TRIBUNE'S" THOUGHTS OF THANKSGIVING, INCLUDE IOWA, WHERE THE PARENTS OF SEPTUPLETS ARE CELEBRATING THE FIRST WEEK OF LIFE FOR THEIR SEVEN BABIES, AS "THE TRIB" NOTES.

    VOICE: BEFORE THERE WERE T-V NEWS TRUCKS CLOGGING THE STREETS OF CARLISLE, IOWA, BEFORE BOBBI MCCAUGHEY [PRON: MC-COY] BECAME AN INTERNATIONAL STAR, BEFORE SEVEN TINY BABIES CREATED SUCH A FUSS, A RATHER TYPICAL CHAIN OF EVENTS WAS TAKING PLACE IN THEIR SMALL TOWN. A FAMILY NEEDED HELP, AND NEIGHBORS DID WHAT THEY COULD TO OBLIGE. // OPT // MEMBERS OF THE MCCAUGHEY'S CHURCH COOKED MEALS FOR THE FAMILY AND CLEANED THEIR HOME. NEIGHBORS MADE SMALL DONATIONS TO A TRUST FUND. KENNY MCCAUGHEY'S SISTER LEFT COLLEGE TO ASSIST THE SOON-TO-BE-DAD. // END OPT // ... HOW APPROPRIATE THAT THE REVELATION OF THEIR QUIET ASSISTANCE WOULD COME AROUND THANKSGIVING. EVEN IN A NATION BUILT ON SELF-RELIANCE AND INDIVIDUAL PURSUIT, IT IS STILL ALL RIGHT TO ACKNOWLEDGE PUBLICLY WHAT MOST OF US HIDE INSIDE EACH DAY: WE CANNOT DO IT ALONE.

    TEXT: AND LASTLY A SOCIOLOGICAL LOOK AT BOTH THE NATION AND THE HOLIDAY FROM "THE [NEW YORK] DAILY NEWS."

    VOICE: IT SAYS SOMETHING ABOUT THIS NATION THAT THANKSGIVING CONTINUES TO BE AMONG ITS MOST CHERISHED HOLIDAYS. THIS DESPITE THE APPARENT BURGEONING OF FAMILIAL DYSFUNCTION, AN INCREASED CYNICISM AND CONSISTENT SELF-ABSORPTION OF TOO MANY INDIVIDUALS. // OPT // IT SAYS SOMETHING, TOO, THAT THIS NATION'S LEADER CAN UNHESITATINGLY INVOKE THE NAME OF THE CREATOR IN HIS THANKSGIVING PROCLAMATION. // END OPT // IT SAYS THAT THIS IS A LAND OF MANY FAITHS, AND AS LONG AS THAT REMAINS SO, IT WILL REMAIN HEALTHY AND STRONG.

    TEXT: THAT CONCLUDES THIS BRIEF LOOK AT EDITORIALS FROM SOME OF THE MAJOR DAILIES ON THIS THANKSGIVING HOLIDAY THURSDAY IN AMERICA.
    NEB/ANG/RAE
    27-Nov-97 10:16 AM EST (1516 UTC)
    NNNN
    Source: Voice of America


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