New Face of Austerity
Edouard Balladur got right down to business: at his first Cabinet meeting, the new French Prime Minister ordered his 29 ministers to trim their own operating budgets 10% as a first step toward slashing a projected $55 billion deficit. President Francois Mitterrand named Gaullist Deputy Balladur to lead the government following elections that gave the conservative alliance 460 of the 577 National Assembly seats, leaving Mitterrand's Socialists with only 54 seats.
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DMITRY MEDVEDEV, Russian President, blaming nightclub managers in Perm, Russia for a fire that killed 109 people Saturday; the managers had refused to comply with fire safety standards despite repeated demands
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