Word: beene
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Dates: during 1980-1989
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In the torrent of news about the California earthquake, the victims of another huge natural disaster on the opposite coast have been all but forgotten. Though the devastation wreaked by Hurricane Hugo when it smashed into South Carolina six weeks ago did not equal the damage caused by the tremor...
There is, however, plenty of frustration, most of it directed at the Federal Emergency Management Agency. Citizens and local officials complain that FEMA did not act quickly enough to help the area rebound. The agency has closed all but five of 32 disaster-assistance centers after taking more than 51...
Worst of all for Salomon Brothers, Michael Lewis, who was earning $225,000 a year at the age of 27, overdosed on greed and quit the firm to empty his journals into this brief, knowing and hilarious volume. Alas, its disclosures are not likely to be heeded. The Street provokes...
Sachs, whose work in Latin America is underwritten by the United Nations, responds that "if one person can be attacked from so many directions, there hasn't been enough contact between sides" in the debt crisis. "Much of my work," he notes, "is just sitting quietly in a back room...
In the same vein, Sachs believes that the Latin debt crisis will eventually ease. He considers a plan that Treasury Secretary Nicholas Brady unveiled last spring, which calls for limited debt reduction, a modest but encouraging step. "There has been a lot of progress," Sachs says. "The thinking is much...