Word: bankses
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Dates: during 1990-1999
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So far, the bailout seems to have worked, thanks in large part to autumn's upturn in the global markets. But the real hero of the story is probably Federal Reserve Chairman Alan Greenspan, who lowered interest rates three times since September, prompting overseas banks to do the same. Long...
Critics love films about simple folks dying in the snow (Fargo, The Sweet Hereafter, A Simple Plan). And they revere Nick Nolte, who has a lock on the role of the tough man--out of sorts, time and control--in a world with no use for his strengths. No surprise...
Psst! Want to expand overseas--cheap? Well, Mr. or Ms. American Executive, have we got a deal for you! How about a plant to make vans in Thailand? Or perhaps a piece of a debt-burdened South Korean electronics firm? Or some Japanese real estate, seized by banks as collateral...
True, the 1997-98 crash has left Asian countries, companies and banks with manufacturing overcapacity and huge debts, which have to be reduced. That, says Hormats, "means more bankruptcies, more unemployment and continued recession for most of 1999" as the excesses are written off. But the free fall is over...
5 CLOUDSPLITTER Was John Brown, the antislavery revolutionary who led the famous 1859 raid at Harpers Ferry, W. Va., a visionary or a madman? Russell Banks frames this question in fictional form, a furious, sprawling drama narrated by Brown's real-life son Owen. The result is a historical novel...