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Voice of America, 99-12-29

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

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


CONTENTS

  • [01] EUROPE STORMS (L-ONLY) BY PAUL MILLER (PARIS)
  • [02] N-Y ECON WRAP (S & L) BY BRECK ARDERY (NEW YORK)
  • [03] TURKEY / RUSSIAN SHIP (L ONLY) BY AMBERIN ZAMAN (ANKARA)
  • [04] YUGOSLAV WAR CRIMES (L-O) BY LAUREN COMITEAU (THE HAGUE)

  • [01] EUROPE STORMS (L-ONLY) BY PAUL MILLER (PARIS)

    DATE=12/29/1999
    TYPE=CORRESPONDENT REPORT
    NUMBER=2-257597
    CONTENT=
    VOICED AT:

    INTRO: Europe's worst storms in decades have left some 130 people dead - 68 of them in France. Paul Miller reports from Paris that the effects of the storms are not yet over.

    TEXT: The storms brought heavy snows to the Alps from France to Austria, raising fears of avalanches. /// OPT /// Those fears were justified in Austria, where at least 12 people died in snow slides. /// END OPT

    /// Italy issued avalanche warnings, as did France. In the French mountains in the eastern part of the country, the snow kept falling. Some villages and farms, already without electricity, struggled to keep roads open. In western France, the problem was flooding - in parts of Normandy and Brittany, and in the Vendee region where two thousand people are sleeping in shelters. There and in other parts of France there are power outages and a shortage of drinking water because pumps are not working. Six-thousand French soldiers have been called out to deliver water to isolated communities as well as repair houses and clear debris. The power company, E- D-F, admitted that it could not get the job done without help, so former employees are back at work, and crews from Germany, Belgium, Italy and Spain are helping out. Even so, almost 2 million homes are without electricity and heat and some will stay that way into the New Year. 400-thousand houses have no telephones because the phone companies don't have enough power. Train traffic between Paris and the southwest, where the second big storm hit, is still disrupted. The transportation minister said the public transportation system - road rail and air - could not be repaired before the end of the year. President Jacques Chirac said France has been wounded. French officials have called on people to pull together (Signed)
    NEB/PM/GE 29-Dec-1999 09:53 AM EDT (29-Dec-1999 1453 UTC)
    NNNN
    Source: Voice of America

    [02] N-Y ECON WRAP (S & L) BY BRECK ARDERY (NEW YORK)

    DATE=12/29/1999
    TYPE=CORRESPONDENT REPORT
    NUMBER=2-257607
    CONTENT=
    VOICED AT:

    INTRO: Stock prices in the United States were up today (Wednesday) with all major averages closing at record highs. VOA Correspondent Breck Ardery reports from New York.

    TEXT: The Dow Jones Industrial Average closed at 11- thousand 483, up seven points. The Standard and Poor's 500 index closed at 14-hundred-63, up five points. The NASDAQ index gained 69 points to close at four- thousand-41, the first time that index has ever closed above four-thousand. Analysts say that, with trading volume relatively light, the buyers has the upper hand in driving stock market momentum. Many investment managers are believed to be making end-of-the-year adjustments to make sure their funds are holding stocks which have recently done well. An index designed to forecast future U-S economic activity rose three-tenths of one percent in November. Analysts say it is another sign that U-S economic growth will continue next year.

    ///Rest opt for long///

    Peter Cardillo of the Westfalia investment company expects stock values will also continue growing next year.

    ///CARDILLO ACT///

    I think the momentum is there and it is quite obvious that the economy is doing very nicely and in general consumers are feeling very good about things.

    ///END ACT///

    Stockholders of the Qualcomm wireless telephone company should feel good about things. Qualcomm stock continued to soar, rising 20 percent to more than 600- dollars a share. The company got a boost from an influential analyst who said he expects Qualcomm stock to rise to one thousand dollars a share next year. The stock of Charles Schwab, a leading on-line investment brokerage firm, jumped more than 10 percent after the company said its quarterly profits will be well above expectations. The stock of Egghead-dot-com. rose by better than 50 percent. The on-line retailer of computer software was one of the 10 most visited Internet sites during the Christmas shopping season. But not all on-line retailers have been so successful. Value America, which sells computers and office supplies on-line, announced that its founders have resigned, its earnings will be below expectations and half its work force will be eliminated. Stockholders of the C-B-S broadcasting company have overwhelmingly approved the company's 37-billion dollar merger with Viacom. The combined firm will be one of the world's largest media companies with interests in television broadcasting and production, radio and theatrical films.(Signed) NEB/NY/BA/LSF/PT 29-Dec-1999 17:16 PM EDT (29-Dec-1999 2216 UTC)
    NNNN
    Source: Voice of America

    [03] TURKEY / RUSSIAN SHIP (L ONLY) BY AMBERIN ZAMAN (ANKARA)

    DATE=12/29/1999
    TYPE=CORRESPONDENT REPORT
    NUMBER=2-257603
    CONTENT=
    VOICED AT:

    INTRO: Efforts are underway to clean up a massive oil spill from a Russian tanker that ran aground in Turkey's Bosphorus Strait. Amberin Zaman reports from Ankara that bad weather is being cited as a cause of the mishap.

    TEXT: Turkish coast guards workers battled choppy waves and gale force winds to rescue most of the 15 crew members believed to have been on the Russian- flagged ship, the Volga Nest. The Russian tanker ran aground and split in half in the early hours of Wednesday. Turkey's N-T-V television reported five crewmembers remain on board in line with orders they received from Russian authorities. Turkish officials say the ship was carrying about 43- hundred tons of oil, some of which spilled into the narrow waterway that divides Turkey's largest city, Istanbul, between Europe and Asia. The Bosphorus Strait is the only access route to warm water ports for countries bordering the Black Sea - making it one of the busiest shipping lanes in the world. Heavy traffic has led to many accidents, including tanker collisions and fires posing huge safety and environmental risks to Istanbul's 10- million residents. In recent years, Turkish authorities have moved to reduce tanker traffic through the strait, provoking strong protests from Russia. Moscow cites the 1936 Montreux agreement that guarantees the free passage of all commercial traffic through the strait to justify shipping ever-increasing volumes of oil through Turkish waters. At the heart of this debate lies a fierce battle between Turkey and Russia to become the main supply route for vast reserves of Central Asian and Azerbaijani crude oil. Turkey wants the oil to be transported via a proposed pipeline to loading terminals on Turkey's Mediterranean coast. Russia wants the oil to be pumped through an existing pipeline grid that connects former Soviet republics to a Russian Black Sea port from where it would be carried by tankers via the Turkish straits. (Signed)
    NEB/AZ/JWH/JP 29-Dec-1999 12:55 PM EDT (29-Dec-1999 1755 UTC)
    NNNN
    Source: Voice of America


    [04] YUGOSLAV WAR CRIMES (L-O) BY LAUREN COMITEAU (THE HAGUE)

    DATE=12/29/1999
    TYPE=CORRESPONDENT REPORT
    NUMBER=2-257598
    CONTENT=
    VOICED AT:

    INTRO: A Bosnian-Serb General says he is not guilty of terrorizing residents during the siege of Sarajevo in the mid-1990'. Lauren Comiteau reports from The Hague, the General, who was arrested by NATO troops last week, pleaded not guilty to all charges against him.

    TEXT: 56-year old General Stanislav Galic showed little emotion as the charges against him were read: seven counts of war crimes and crimes against humanity for terrorizing, sniping at, and shelling the residents of Sarajevo. Prosecutors say thousands of people were killed and wounded by troops General Galic commanded. They say the attacks were meant to keep the residents of Sarajevo in a constant state of terror. General Galic is the only person publicly charged for inflicting terror upon a population, including the 1994 marketplace bombing that killed 66-people. The General's indictment was kept secret to facilitate his arrest. NATO-led forces reportedly broke General Galic's car window and dragged him out of it. Today, his defense lawyer Nikola Kostic said such force was not necessary.

    /// ACT KOSTIC ///

    He has been injured, so he is hurting, with a back injury and a head injury. He is disappointed, as I told you, I think if they would have told him there was an indictment, he would have said, `Here I am.'

    /// END ACT ///

    Mr. Kostic says he will seek evidence from high- ranking officials in the Serb-run part of Bosnia to help with the case. He says he will also try to enlist the help of General Ratko Mladic - General Galic's direct superior and the commander of the Bosnian-Serb army. But General Mladic faces similar charges and it is unclear how helpful he will be. (SIGNED)
    NEB/LC/GE/RAE 29-Dec-1999 10:04 AM EDT (29-Dec-1999 1504 UTC)
    NNNN
    Source: Voice of America
    Voice of America: Selected Articles Directory - Previous Article - Next Article
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