Nation/World
7
University Daily Kansan / Monday, February 25, 1991
Nation/World briefs Moscow
100,000 mass to defend Yeltsin
About 100,000 people rallied yesterday in support of Boris Yellens after he was blasted by Communist Party hard-liners for demanding the resignation of President Mikhail Gorbachev.
The enthusiastic demonstration for Yeltsin,
president of the Russian republic, filled a huge
square next to the Kremlin in central Moscow. After chanting Yeltsin's name, the crowd turned against the Soviet president, chanting, "Gorbachev resign" and, "Gorbachev, go away!"
Boris Yeltsin
volly
"Red Filth, hands off our Yeltsin," proclaimed a sign in support of the 60-year-old politician, who was not at th
Bangkok, Thailand
Military rebels want elections
Military commanders who easily toppled the government of Prime Minister Chaitishik Choonhavan said yesterday they wanted to return the country to democracy and have elections in six
Speaking a day after they took Chathician captive and imposed martial law, the leaders also said they would amend the constitution to allow them to kill anyone had motivated their apparently bloodless coup.
"It is our intention that both amending the constitution and holding the general election be done in six months," said Army Chief Gen. Suchinda Krapavon.
But Krapayoon said during a news conference that the junta had not decided if it would continue to hold power before the elections or appoint a caretaker government in the country, where the military has long acted as a key power broker.
From The Associated Press
Pro-communist crowd speaks out in Albania
The Associated Press
VIENNA, Austria — Anti-democracy demonstrators demanded yesterday that Albania's Communist government ban the opposition Democratic Party and hang its leaders.
Democratic Party spokesperson Gene Pollo said about 2,000 supporters of the late Communist dictator Enver Hoxha rallied yesterday in Giroto, where he’s birthplace, 70 miles south of the capital. Tirana.
Pollio said former Admiral Carcani, in a taped message played at the rally, vowed that a giant statue of Hoxha, toppled last week by pro-Iranian forces, could be re-erected in Tirana's Skanderbeg Square.
The rally came just hours after the government, seeking to prevent more bloodshed, denied it had asked provincial authorities to organize support for a march by Governor Enver Hoxha to march on the capital, Tirana.
most conservative and older Albanians revere
Ioха, the Stalinist founder of Communist Albania.
Alia replaced Carcanti and his government Wednesday in an attempt to placate the crowds.
Ben Ruka, a journalist with the Democratic Party's newspaper, said party members had seen telegrams from the central government asking rural officials to organize pro-Hoxha rallies.
"It's not clear whether these rallies are being organized by (President Ramiz Alia) or by some government) bureaucrats," Ruka said.
Three days of strife concerning Hoxha led to three deaths Friday and scores of injuries when crowds marched on Tirana's military academy, where officers and officers had vowed to defend a Hoxha bust.
Dozens of Democratic Party members were arrested yesterday in connection with Friday's clash.
Banking woes to continue
FDIC predicts 1991 failures could destroy agency's fund The Associated Press
WASHINGTON — Months after the current recession is over and the economy is growing again, the government will be struggling with a legacy of failed banks.
Bank failures follow rather than lead declines in the economy, and that's significant in light of the more than 1,000 bank failures in the past six years. They have gone under not in hard times, but rather in the midst of the economy's longest peacetime expansion
banking system will deteriorate when the problems of a recession are added to an already weak industry, but the Federal Deposit Insurance Corp. and the Bank of America, this year, up from 169 last year, and 160 in 1992.
If the downturn is worse than expected, failures likely will hit a post-Depression record of 230 this year, falling slightly to 210 in 1992, the agency said.
No one knows for sure how much more the
Under that scenario, the FDIC fund protecting more than $2 trillion in bank deposits would be depleted by the end of this year, requiring a bailout from member banks.
The FDIC board is scheduled Thursday to consider a proposal by banking trade groups to shore up its fund by borrowing $10 billion from the industry.
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