Path: bloom-picayune.mit.edu!snorkelwacker.mit.edu!americast.com!americast.com!americast-post Newsgroups: americast.latimes.news From: americast-post@AmeriCast.Com Organization: American Cybercasting Approved: americast-post@AmeriCast.com Subject: Libya Unveils Share-the-Wealth Plan Date: Sat, 21 Nov 92 09:41:27 EST Message-ID: HEADLINE: Libya Unveils Share-the-Wealth Plan Publication Date: Thursday November 19, 1992 BYLINE: The country's leader, Col. Moammar Kadafi, unveiled a plan Thursday to distribute half of Libya's oil wealth in cash grants to the people. Kadafi's announcement suggested that he was starting the scheme because of an acute economic crisis exacerbated by a year-old confrontation with the West over airliner bombings. Under his plan, each family would be given $7,000 to $10,000 beginning early next year, Kadafi said. He announced the plan as talk persists in New York that the United Nations might expand punitive sanctions against Libya for harboring suspected terrorists to include an oil embargo. This article is copyright 1992 The Los Angeles Times Home Edition. Redistribution to other sites is not permitted except by arrangement with American Cybercasting Corporation. For more information, send-email to usa@AmeriCast.COM