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Rail Transport 1991-2000

A fight flared up around Baltic Bank (OR owned 49.7% of the bank's shares), because Eurosib, which owned 24.5% of Baltic Bank's shares, had not repaid bank loans of $1.4 million and 55 billion rubles.

On May 14, Aleksandr Kuznetsov became head of the October Railway.

On May 27, the All-Russian Rate Convention and Conference of Railway Transport Service Users and Employees began. The "Support Agency" as railway men themselves called it, nevertheless became history: at the convention, Nikolai Aksensenko made the first announcement about the creation of private operating companies.

In July, President Yeltsin rescinded the decree " On the Creation of a High-Speed St. Petersburg-Moscow Main Passenger Line." The project departed this life, leaving Russian taxpayers with debts of $500 million.

Celebrities Celebrate Art

LA is so much more than Disneyland and Hollywood studios. Last night the city of the stars celebrated the opening of The Broad Contemporary Art Museum at the Los Angeles County Museum of Art. An A-list crowd including Arnold Schwarzenegger, Tony Bennett, Dustin Hoffman and of course The Cruises showed their support. Katie looked beautiful even if we're not loving the scarf while Tom looked perfectly put together in his three piece suit. Christina continued to show off her curves in a bold blue dress while playing it up for the cameras.

Joel Madden kept things rock and roll while Nicole looked elegant, well rested and calm in her soft taupe colored dress. They came to cheer on Grandpa Lionel Richie who was part of the evening's entertainment but they didn't stay long since they went on to Clive Davis' Pre-Grammy party.