Word: aides
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Dates: during 1990-1999
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That's where Treasury Secretary Robert Rubin met on Dec. 18 with Federal Reserve Chairman Alan Greenspan and their top aides to craft a new approach to the Korean credit crisis, which they had long underestimated, at least in public. The three-hour dinner was a turning point in a months-long U.S. journey from backroom player to more visible leader in a global effort to solve the financial crunch. For months, Rubin & Co. had played down the crisis and balked at committing U.S. taxpayer dollars to a bailout that would help South Korea and the big financial institutions around...
Treasury and IMF officials worked through the next day to finish the aid package. The IMF would lend Seoul $2 billion, while the U.S., Japan, Germany and other nations kicked in an additional $8 billion in loans. In exchange, the Koreans would pass new laws opening their financial markets to foreigners, close insolvent banks and supervise others. As the deal came together, Treasury officials discussed the impact of a bailout on the Korean and American labor unions, fearing some of Labor's backers in the Democratic Party would balk at bailing out either Wall Street or the protectionist Korean workers...
...memory of Ennis, the Cosby family has chartered the Hello Friend/Ennis William Cosby Foundation to aid people who suffer--as Ennis did--from dyslexia. Verve Records has just released a jazz album produced by Bill Cosby, with part of the proceeds to benefit the foundation. The disc features an all-star band playing standards--and an original penned by Bill himself that's actually pretty good, with a kind of mid-'60s Bluenote thing going on. --Reported by James Willwerth/Los Angeles
DIED. EDDIE CHAPMAN, 83, British crook turned World War II double agent; in London. Serving time on the Channel Islands for his sticky fingers, Chapman was sprung by German occupiers who sent him to blow up an English factory. He faked the demolition with the aid of a master illusionist and returned to Germany a hero--code-named "Zig Zag" by his new friends, British intelligence...
Some critics may question the policy of using science and technology to aid reproduction [SPECIAL REPORT, Dec. 1]. To the parent hoping for a child, these new methods may represent God, as your article so clearly points out. But by utilizing such enhanced methods of fertility, we are going against the very basic principles of evolution. If the aim of evolution is to screen out unfit genes from a population and aid the perpetuation of superior genes, artificially induced fertility may bring with it a multitude of unforeseen repercussions. Regardless of how tempting reproductive therapy is, we won't know...