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Sentences for "bailout "
Pat Buchanan ( The McLaughlin Group ) denounced the "crony capitalism" of Asia and predicted that the coming International Monetary Fund bailout will run into the hundreds of billions of dollars.
Kate O'Beirne ( NewsHour ) called the bailout welfare for undeserving corporations.
2 slot, but all failed to reach critical mass because 1) the pundits failed to advance the debate (the International Monetary Fund bailout of South Korea), 2) the pundits had nothing weighty to say (Chief Justice William Rehnquist's rebuke of the Senate for failing to fill federal judgeships, Clinton's plan to extend Medicare to 62-year-olds), or 3) because a political talk show is an awkward venue for the discussion (the "Unabomber" prosecution of Ted Kaczynski, the death of Michael Kennedy).
The South China Morning Post of Hong Kong said, in contrast to reports elsewhere that the United States had already rejected the South Korean government's request for an early release of some of its expected international bailout funds, that President Clinton had told President Kim Young Sam that he personally supported the request because he believed that South Korea was abiding by the demands for government-spending cuts and other financial reforms made by the International Monetary Fund.
If the banks reopen in Jakarta, it said, "then at least the International Monetary Fund will be physically able to hand over the next tranche of its bailout package.
It proposed stopping negotiations for a bailout package with the Islamic Development Bank--with which "it is not Islamic fraternal feeling, as some of us would like naively to believe, but pure profit motive which seems to have weighed.
This would make it the largest-ever rescue, eclipsing the $48 billion bailout of Mexico three years ago.
The New York Times leads with South Korea's acceptance of the largest international economic rescue ever, a $55 billion bailout engineered by the IMF.
The NYT explains in its lead that in return for the bailout money from the IMF and such countries as the U.
The NYT lead points out that last week's IMF bailout package for South Korea is the latest example of how the Fund is pushing deeper than ever into the day-to-day operations of the economies it aids.
and Japan to quickly pony up some cash that has been promised in the recently concluded bailout only as a last resort (yet another case of the Times leading with a financial story nobody else even puts on the front page).
On the other hand, says the Post , Rubin expressed disappointment that the Japanese bailout wasn't bigger, "more stimulative.
The papers all note that upon his victory, Kim pledged to implement the IMF-crafted economic bailout that was already agreed to by the current government.
The New York Times leads with possible complications in the economic bailout plan for South Korea.
(He did fail to note that the Social Security bailout of the early '80s, about which he also bragged repeatedly, included a large tax increase.
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