Word: abroader
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Meanwhile, Back Home ... Although its attention was focused on crises abroad, the Administration did not forget about its notion of overhauling the U.S. healthcare system. The White House said it would propose that the government pay 20% or 30% of the medical benefits of early retirees; the figure had been 80% in earlier proposals. The Administration also indicated that its plan would produce fewer savings than had been hoped, reducing the deficit $70 billion to $80 billion by the year 2000, not $91 billion. Officials expect to deliver the legislation by the end of the month...
...integrity.'' De Klerk is now simply the man he must do business with. The award has mixed consequences for both men. De Klerk, 57, must worry about the Jan Smuts syndrome. Smuts was the World War II Prime Minister of South Africa who was lionized abroad and discredited at home. Afrikaans- speaking whites are an insular tribe, and they turned out the urbane field marshal in 1948 for not attending to his own people. De Klerk's popularity is lower now than ever before. It has dropped steadily since he triumphed in the nationwide whites-only referendum on negotiations...
...increasingly large amounts of U.S. debt. This provides the U.S. with an indirect funding source to prop up its banks and brokerages, but it's a compromised solution. After all, the willingness of central banks to lend almost without limit to America helped create this mess. Cheap money from abroad suppressed U.S. long-term interest rates, helping to set the stage for the housing bubble and its catastrophic collapse. Continuing such inappropriate monetary and exchange-rate policies feeds more asset bubbles in emerging economies as well as global inflation...
...still limits. The Louvre takes its public-service and scientific missions very seriously. A section of the basement hums with activity from workshops that keep alive esoteric skills such as the art of working with gold leaf, and curators say the increased number of exhibitions of Louvre works abroad keeps them on their toes, since they need to produce catalogues and other research for them. The lending policy isn't limitless, either: earlier this year the Louvre pulled out of a show that a private promoter was mounting in Verona, Italy. The Louvre would have received $6.4 million for loaning...
...teams, they lose their identity and national pride. (Indeed, there are currently more than ten other countries, ranging from Spain and Portugal to Croatia, Poland and Japan, that have awarded citizenship to Brazilian pros in order to field them in their national soccer teams.) Players earning millions of dollars abroad on their pro teams don't have the same passion for representing the national team as do those that stay close to home, runs the conventional wisdom. "If you look at the Brazilian team there isn't one player who plays in Brazil," President Lula complained bitterly after the Argentina...