Clinton's eyes and Bush's tales

Article Abstract:

America's incumbent president George Bush and his opponent Bill Clinton have markedly different economic policies. Clinton's position on the country's economic development is detailed in the plan called 'Putting People First: A National Economic Strategy for America.' Central to the presidential candidate's economic policy is increased investment on infrastructure projects through the creation of the Rebuild America Fund. Also on Clinton's agenda are putting caps on health and defense spending, and imposing higher taxes on certain sectors, including the wealthy. Bush's economic plan, on the other hand, involves the implementation of a number of tax cuts and the reduction of national spending to make up for the tax cuts. Bush also plans to promote free trade and investment. Whoever wins the 1992 general elections is bound to encounter political obstacles when he puts his economic plans to action.

United States, Clinton, Bill, Economic policy, Political aspects, United States economic conditions, Bush, George H.W.

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Up to its eyes in debt

Article Abstract:

Thailand's economic crisis has dealt a major blow to the country's pre-eminent industrial group, Siam Cement Group. In 1997, the once prestigious conglomerate reported its first annual loss, the largest ever by a Thai company, which amounted to around $1.5 billion net. Siam Cement's financial troubles can be attributed to its enormous unhedged foreign debt, which was approximately $4.3 billion at the end of 1997. When the baht was devalued, the company found itself facing escalating interest repayments to foreign lenders. CEO Chumpol Nalamlieng contends that his company did not see the need to hedge because it was assured by the government, bankers and economists of the stability of the currency. Although Siam Cement has promised to maintain its debt repayment schedule, analysts say that this may be very difficult given the decline in domestic demand and export prices.

Diversified Companies, Conglomerate corporations, Finance, Thailand, Siam Cement Company Ltd.

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IT companies cast acquisitive eyes

Article Abstract:

Nineteen ninety-seven may be a banner year for mergers and acquisitions (M&A) in the information technology (IT) industry. M&A consultant Broadview Assoc. projects that 75% of North American and 67% of European IT companies will become involved in M&A deals during the year. The trend is being driven by the aspirations of IT companies to achieve market leadership and a greater geographical reach. The popularity of the Internet is also helping to spur M&A activity. One recent Internet-related acquisition is the Coda-SHS ehf deal. Coda purchased the Reykjavik-based company for 2.1 million pounds sterling so that it would be able to offer state-of-the-art Internet-enabled and workflow functionality in software to users of its Financials product.

High technology industry, Mergers, acquisitions and divestments

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