Word: biggest
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Dates: during 1990-1999
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Though the partners and investors in Long Term Capital are sophisticated and wealthy (the minimum price of admission was $10 million), Federal Reserve officials feared letting them go bankrupt. So many of the nation's biggest banks and brokerages had loaned so much money to Long Term Capital that its collapse could have severely damaged those lenders, forced a spiral of securities sales and shaken confidence in the already wobbly world financial system. Long Term Capital, if not exactly too big to fail, loomed too large on the balance sheets of institutions like J.P. Morgan and Merrill Lynch...
...banks suffered in the late 1980s and early 1990s, you would think they would remember what went wrong." Concurs Ken Guenther, executive vice president of the Independent Bankers Association of America: "Why wasn't the Fed blowing the whistle on these totally inappropriate, crapshoot investments by some of the biggest banks in the country...
...Guide, which next week will feature a four-page article on Lonstein discussing her new resort-wear line called, appropriately, Shoshanna. TV Guide's rationale for highlighting Lonstein, according to senior editor Lisa Bernhard, is that "America first got to know Shoshanna through her relationship with one of the biggest TV stars of the past 30 years. Since then, she has become a pop-culture figure whose clothing designs have been featured on television shows like Entertainment Tonight." The line provides clothing for the "amply endowed" woman and includes halter dresses, bustiers, bloomers and, topically enough, thongs...
...restaurant and exhibition space and crowned by a floral halo of metallic petals. At 650 ft.--a height that will require passage of a special law in parliament--it would command stunning vistas comparable to those of the Eiffel and Montparnasse. Meanwhile, the Pompidou Center, with one of the biggest collections of 20th century paintings, is scheduled to reopen its doors at midnight Jan. 1, 2000, after being partly closed since September 1997 for a complete renovation. The theme of the featured exhibit: time...
...launch our biggest environmental project ever: Heroes for the Planet, a two-year series of special reports. Running once a quarter, they will profile individuals who are working to save our natural heritage. Overseeing the series is international editor Charles Alexander, who has handled our environment stories for a decade...