Word: bernards
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Dates: during 1990-1999
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...Reported by Bernard Baumohl/New York, William McWhirter/Detroit, Suneel Ratan and Karen Tumulty/Washington
...without any new developments. The Geneva talks are scheduled to end tomorrow, but could continue into next week in an effort to hammer out an agreement beforescheduled U.S. sanctions against Japanese luxury import cars are implemented next Wednesday.Both sides are refusing to budge from their positions. TIME reporter Bernard Baumohl reports: "All the forces are in play for a genuine trade war." But Baumohl expects some sort of concessions from Japan: "This is a fight the Japanese think they're going to lose." The U.S. needs to make a strong stand here, says Baumohl. "This is not just aimed...
...when he was only 35, Vesco set his eyes on Investors Overseas Services, a floundering mutual fund run by playboy-salesman Bernard Cornfeld. Touting his expertise in setting up ICC (by then a conglomerate of several companies) Vesco came in with a $5 million bail-out and was hailed as IOS's savior. Very quickly, however, IOS funds were mysteriously misdirected. By the time the sec was ready to indict Vesco, the financier was gone, having taken his loot and his family, his yacht and his planes, to Costa Rica...
Some of the kids' short, traumatized biographies supported an underlying premise-a motif that the older speakers elaborated upon a bit too automatically. Bernard Kouchner, the French doctor who co-founded Madecins Sans Frontieres and Madecins du Monde, stated the theme when he spoke about Bosnia: Today there are 37 wars going on in the world. The adults have failed, he said. Youth must succeed...
...says will "wean American agriculture from subsidies and move it into the free market." The bill would save $27.5 billion in federal spending during the five-year phase-out period. Although some have charged that an elimination of subsidies could lead to higher prices for consumers, TIME business reporter Bernard Baumohl thinks the opposite may happen: "One of the purposes of these subsidies is to discourage overproduction. If you take away these incentives and factor in theincredible productivity of the American farm, you could see an increase in supply, which in turn would keep prices...