U.S. To Seek Bailout Fund For Imf Emergencies

The International Monetary Fund Group of 10 Finance Ministers meet this week to consider measures that would bolster the IMF’s ability to respond to future Mexican-style financial crises.

The United States wants a $50 billion emergency bailout fund in the IMF with the money coming from an existing $28 billion IMF line of credit and new contributions from wealthy countries.

However, some newly wealthy Asian nations that have been asked to contribute object that they would not have as much control over the fund as the original members.

In other events this week:

Today

Columbus Day. Banks and many government offices will be closed. The bond market will be closed, but stock and commodity markets will be open.

Eugene A. Ludwig, the comptroller of the currency, speaks at the American Bankers Association annual convention in San Francisco.

Tuesday

Northwest High-tech Career Expo opens at 11 a.m. at the Seattle Center Exhibition Hall, running through Wednesday. Call 206-882-2240.

Momentum ‘95 board of directors meets at 7 a.m. in the Spokane Area Chamber of Commerce building, 1020 W. Riverside.

ISO 9000 seminar on selecting a registrar and passing the audit begins at 8 a.m. in the Training and Education Coordinating Center, 3939 N. Freya, Cost: $75. Call 533-4705.

“Manage Your Money” seminar at the Consumer Credit Counseling of Spokane office, 1912 N. Division, begins at 6:30 p.m. Cost: $18.

The board of directors of Apple Computer are scheduled to meet, possibly to discuss the removal of chief executive Michael Spindler.

Wednesday

Inland Northwest Sports Hall of Fame Awards luncheon and induction ceremony begins at 9:30 a.m. in the Spokane Arena, followed by an 11 a.m. reception and lunch at the Ridpath Hotel. Cost: $12. Call the Greater Spokane Sports Association at 456-5812.

Chrysler Corp. announces third-quarter earnings.

House Transportation Aviation subcommittee considers proposals to overhaul the Federal Aviation Administration.

National Agricultural Statistics Service releases crop production report.

Thursday

Small Businesss Council meets at 7 a.m. in the Spokane Area Chamber of Commerce building, 1020 W. Riverside.

U.S. Department of Labor releases September Producer Price Index.

Friday

The Spokane Area Chamber of Commerce’ Good Morning Spokane event presents a discussion of the proposed Spokane City-County Charter at 7:30 a.m. in the grand ballroom of the El Katif Shrine Building, 1108 W. Riverside Ave. Cost: $7 advance; $10 at the door. Call 459-4111.

Spokane Ag Bureau holds its annual meeting at noon in the Stockyards Inn Restaurant, 3827 E. Boone. Call 459-4114.

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