Word: april
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Dates: during 1990-1999
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Nowhere did the zeal for a winner work to Bush's advantage as in California, a state where the G.O.P. has factions inside factions. In April 1998, Bush went West to campaign for gubernatorial hopeful Dan Lungren in Los Angeles, San Francisco and Silicon Valley. At one event, about a dozen of Lungren's biggest backers practically cornered Bush during a private conversation and pressed him to run. Bush demurred, in deference to Governor Pete Wilson, who was still considering another run at the nomination. But he winked. "I want to be your second choice," Bush told them, tipping...
...offer had come from Lee Atwater, the brilliant, erratic young political hotshot Vice President Bush had picked to be campaign manager for his coming presidential bid. On April 27, 1985, Big George had called his family to Camp David to meet the staff that would run his campaign. George W. and his brother Jeb--a Florida real estate investor who was generally regarded as the political comer among the Bush kids--had doubts about Atwater's loyalty because his consulting firm was doing work for Bush rival Jack Kemp. George W. asked him, "How can we trust you?" Atwater came...
...more. They had panache. They were cocktail chatter, and their stocks (and stockholders) were giddy. The money-losing online bookseller Amazon.com long ago blew past venerable Sears in terms of market value. At the time, investors gasped and marveled. They kept buying, but at least they noticed. By April, though, Amazon's worth was fast approaching that of Sears and Wal-Mart combined, and nobody was paying attention...
They are now. Amazon's April apex, it turns out, was the top of the market for Internet stocks. On average, they have declined 32%, and many, including Amazon, have halved. So, is it time to declare the Internet bubble burst and set the Net stocks next to other flameouts, such as biotechnology (1980s), computer leasing (1970s) and, yes, tulips (1600s...
...reforms would have been an effort to meet the preconditions for a $4.5 billion IMF loan required to roll over Russia's debts to the international institution. "This was entirely expected," says TIME Moscow correspondent Andrew Meier. "It?s a lame-duck Duma voting down conditions agreed to in April by a government that no longer exists as a challenge to a lame-duck president. The curious thing is that the new government is trying to institute price controls and other measures that would traditionally send the IMF racing for the exits, but the IMF is staying silent...