-Rebels celebrate NATION/WORLD The Michigan Daily - Wednesday, September 4, 1996 - 15 cautiously on -ndependence I On fifth anniversary of drive and will not declare for independence, Chechen Movladi Udugov, t spokesperson. confidence growing "People are happy there will some rel sacrifices to comm day The Washington Post GROZNY, Russia - Friday is the day most hechens consider the fifth anniversary of the ginning of their drive for independence from Russia, and this year, for the first time in a long while, there is good reason to celebrate. On the streets of Grozny nd in smaller towns, there growing confidence that n appallingly violent war really may have ended rig t to after 21 months and more l than 30,000 deaths. A any way se-fire is being widely observed and Russian want, an troops are withdrawing.. Best of all from the s OUIUd Chechens' point of view, they won. anyody Emotionally and psy- chologically, this place isRb ripe for a victory blowout. Rebel But secessionist leaders, wary of provoking .4 oscow, are doing all they can to convince peo- le here that Friday actually should be a solemn day of mourning the dead, with rejoicing kept to a minimum. Military parades have been banned, and declarations of victory are also frowned upon. Local television has stopped airing partic- ularly gruesome war footage out of concern that it was stoking popular passions. "The Chechen leadership has not, does not People have a right want, and it shouldn The rebels have f Moscow, the peace month has come ui forces who view it rle have a celebrate they d it 't insult Movladi Udugov Is' spokesperson that it won a victory,' said he rebels' politically astute , so on the 6th of September igious events, some animal nemorate those who died. to celebrate any way they 't insult anybody." good reason for caution. In plan hammered out last nder fire from a variety of as a Russian capitulation. Any highly visible sign of triumph in Chechnya on Friday could irritate already raw feelings of humiliation. The rebels are obviously worried that the peace remains far too tenuous to risk undermining with a tri- umphal celebration. "We are not so stupid as to put on a parade," said Udugov. "We don't want to give Russia any trump cards to whip up nationalist sentiments. We'll have time for a parade 20 years from . AP PHOTO Two elderly people discuss political parties in Chechnya yesterday. now." "We agreed to do everything not to excite cer- tain people on both sides," Russian national security chief Alexander Lebed, who brokered the peace deal last month with his Chechen counterparts, said in a Moscow news conference yesterday. Still, Udugov and the rest of the rebel leader- ship will have their hands full restraining Chechen guerrillas and civilians who are spoil- ing for a party. "The parties will go on for weeks," said Ismail, a guerrilla who returned to his home near Grozny, the Chechen capital, after months on the front lines. "We have won our independence." That is less than clear. The drive for indepen- dence began here five years ago, while the Soviet Union was in its death throes. But it had less to do with the fall of communism than with internecine divisions and centuries-old hostili- ties with Russia. It was on Sept. 6, 1991, that an anti-Soviet mob stormed and dissolved the regional Supreme Soviet, or parliament, in Grozny. The Supreme Soviet's leader, Doku Zavgayev, fled. The leader of the anti-Supreme Soviet forces, a former Soviet air force general named Dzhokhar Dudayev, was elected president of Chechnya seven weeks later. When Moscow called the elections fraudulent and illegal, Dudayev responded on Nov. 2, 1991, by declaring Chechnya independent of Russia. Russian President Boris Yeltsin sent troops to the region, but they were immediately confronted by armed Chechens and forced to withdraw. Politically, the standoff continued until December 1994, when Yeltsin again sent troops - this time 40,000 strong - to crush the inde- pendence movement. That ignited the war that has led to the destruction of much of Chechnya, but also to the humiliation of Moscow's troops, whom the rebels overran in Grozny a month ago. Zavgayev, backed by the Kremlin but widely hated in Chechnya, spends his days in Moscow surrounded by a heavy contingent of body- guards. The end of the war in Chechnya has effectively put him out of a job, and he has com- plained bitterly that the peace plan has handed real power over to people he calls terrorists. Although he dares not appear in Grozny, Zavgayev still has a ghostly presence here. Guerrilla leaders and international observers both worry that his allies may try to disrupt whatever events do take place here Friday. Dudayev, killed by a Russian rocket in April, now is seen as a martyr in parts of Chechnya. Some people believe he is still alive, and a few insist he will appear at Friday's events. Chechen mothers are naming their babies Dzhokhar in his honor. Stocks rebound from early selloff for mixed finish yesterday NEW YORK (AP) - Stocks rebounded from an early selloff yesterday to end mixed as the lat- est economic data was strong, but not so strong as to aggravate interest rate jitters. The Dow Jones industrial average rose 32.18 to 5,648.39, bouncing back from an early 55- point slide that pulled the blue-chip barometer elow 5,600 for the first time since early August. Broader measures recovered from the early plunge too. But smaller and speculative issues lagged blue-chip and large-company shares, demonstrating the lack of resolve among investors following July's rout. "The tradition is that any dip is a time to buy," said Michael Metz, vice president of Oppenheimer & Co. "But (investors) are doing it nervously and sticking with the big stocks." Stocks followed bonds lower in the morning as last week's inflation worries were aggravated b a published report suggesting the Federal Reserve is primed to raise interest rates aggres- sively following last week's worrisome signals on inflation. Two weeks ago, the central bank left its lending rates unchanged amid indications tat economic growth was slowing on its own and that inflation remained under control. Calling it an "official leak," Metz said the arti- cle in The Wall Street Journal "was deliberately placed" to prepare investors and soften the blow to the markets. "The way it was phrased, I can't imagine that it was an uninformed speculation by a reporter." The Journal denied that the article was delib- erately planted. "One reporter's scoop is another reporter's leak," Bron Calame, a deputy manag- ing editor at the newspaper, said in response to Metz' allegation. The market's early pessimism was compound- ed by a big jump in crude oil prices amid the lat- est turmoil in Iraq, which wil delay the expected addition of new Iraqi supplies on the market. But bonds rallied back later in the morning after a widely wached survey of factory pur- chasing managers broke last week's string of surprisingly robust economic readings. The National Association of Purchasing Management reported that U.S. manufacturing growth accelerated in August, growing for a third consecutive month, but the increase was in line with forecasts. The yield on the 30-year Treasury bond - a key determinant of corporate and consumer bor- rowing costs -jumped as high as 7.14 percent yesterday morning before dropping to 7.06 per- cent after the purchasing managers report. Surviving in college is tough enough, right? 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