Word: 1990s
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...scheme is temporary. Buyer applications equivalent to a third of the program's $1.9 billion budget have already been submitted, with the remainder expected to be filed long before the program's Dec. 31 expiration date. When similar initiatives were launched in France and Italy in the early 1990s, Rhys says, "there was a big sag in the market when the scheme ended." That same prospect has angered some in the industry. Christian Streiff, boss of France's PSA Peugeot Citroën, warned such incentive schemes have an "inverse effect" - they essentially guarantee an implosion in the market once...
...best of my recollection, my fraud began in the early 1990s. At that time, the country was in a recession and this posed a problem for investments in the securities markets. Nevertheless, I had received investment commitments from certain institutional clients and understood that those clients, like all professional investors, expected to see their investments out-perform the market. While I never promised a specific rate of return to any client, I felt compelled to satisfy my clients' expectations, at any cost. I therefore claimed that I employed an investment strategy I had developed, called a "split strike conversion strategy...
...toxic assets out of a financial system and restore confidence so that consumers shop rather than stash their money in safe-deposit boxes. While domestic demand remains sluggish, government spending has to take up the slack and keep at it. In Japan, a recovery was aborted in the late 1990s when, at the first sight of green shoots, the government raised taxes. President Barack Obama is committed to reducing this year's federal budget deficit of $1.3 trillion by half in four years. That's a laudable goal - as long as private-sector demand has picked up by then...
...confessed his crimes, an insight that is missing from virtually all of the mainstream coverage of the trial. But the Rwanda story veers toward hagiography as it praises the Warrens' compassion and commitment to healing the African nation, which is still haunted by the genocide of the 1990s. (See the top 10 religion stories...
...model for the centers grew out of "intelligence-led policing" - a British initiative with its roots in the early 1990s. It has evolved into "a management philosophy that places greater emphasis on information-sharing and collaborative, strategic solutions to crime problems," according to Dr. Jerry Ratcliffe, a former British police officer and currently a Temple University professor who has lectured and written extensively on the subject. "It facilitates holistic crime prevention," Ratcliffe says. Rather than each department, or even squad, having its own databases, fusion centers allow access to multiple databases and sources of intelligence; the drug squad...