Word: abroadly
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Dates: during 1990-1999
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STEPPING DOWN. NORMAN PODHORETZ, 65, editor and writer; as the editor in chief of Commentary; in New York City. During his 35-year stewardship, Podhoretz transformed the Jewish monthly from a voice of liberal social concern to a promoter of hard-line anti-Sovietism abroad and a basher of all things leftish and countercultural at home. The changes mirrored Podhoretz's own political evolution as one of the most influential-and certainly the most inescapable-of neoconservatives...
...Economic strength at home and abroad are interrelated," Christopher said...
That represents a devastating loss for a nation that has been strongly dependent on funds from abroad to fuel its economic revival. Coaxing the money back will be a tough problem for Zedillo, but only one of many. Another will be how to keep interest rates high enough to attract new investors without sending them so high that they force Mexico into a recession. Commercial lending rates have already almost doubled since the devaluation, to hover around 40%. Credit-card rates are more than 50%. Yet another problem will be how to keep a lid on inflation, which the devaluation...
...republic's capital, Grozny. It was unclear whether Yeltsin's order, announced as he sent more crack Russian units toward the city, was a prelude to peace talks or a lull before a fresh ground assault. Yeltsin is facing renewed political opposition to the unpopular war at home and abroad. In Moscow, Grigory Yavlinsky, a leading reform lawmaker, called for his resignation. European criticism became unabashed for the first time, as France demanded that Russia explain the increasingly brutal campaign, Germany accused Russia of violating Chechens' human rights and British officials called for an end to the fighting. In Grozny...
...only solution may be to bring in private capital from abroad by floating stocks and bonds, and Western bankers are ready to help. Says Ray Spitzley, executive director of Morgan Stanley Asia in Hong Kong: "China has evolved into a credit-worthy country that can tap world markets." Maybe so, but the poor showing of the few stocks traded internationally has made investors skittish. Eager to make their securities more attractive, Chinese officials are talking with the World Bank about setting up a Chinese National Power and Development Fund that would sell bonds backed by the bank to private investors...