Word: bonds
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Dates: during 1990-1999
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...billion markdown is small change compared with the devastation that the Russian collapse inflicted on central banks and stock markets in other countries, even those seemingly out of harm's way. Venezuelans stumbled through a valiant, painful defense of their bond market, Brazilians scrambled to save their currency, and Americans watched a nervous stock market plummet, pause and plummet again. Russia's slide was a reminder that every investment is at heart a bet on the future. Last week the future looked awful...
...panic spread. Hardest hit were countries in Latin America. To outsiders, the link seemed strange: nations such as Venezuela and Brazil have very little exposure to Russia, but their economies suffered nonetheless. "Latin markets are right to think that this is a moment of complete irrationality," says Bond Snodgrass, an analyst at Warburg Dillon Read in Mexico City. "But this should finally drive home the point: Mexico is no longer just Mexico, Brazil is no longer just Brazil. They're all part of one asset class now, and investors aren't distinguishing between any of them." And the dramatic drop...
About the two young girls who were swapped at birth and the issue of their custody [NATION, Aug. 17]: I say, Leave these two youngsters where they are. Let their families bond together, without the courts, and raise little Rebecca and Callie as sisters who have extended families. Wouldn't that be best for the girls? Rebecca already knows loss in the death of her parents. Don't let Callie experience the same thing by taking her away from the only parents she knows. HEATHER WHITE Arlington, Texas...
...Russians shot down Gary Powers' U2 spy plane, it was the Secretary of State, not President Dwight D. Eisenhower, who claimed a weather-research plane had gone off course. "So intense was the desire to not have the President lie," says presidential historian Michael Beschloss, "to not break the bond of trust with the American people, it was left to others. Eisenhower never spoke an untruth." Of course, Ike was never the focus of an investigation by a grand jury, either...
...real Cosmo, which she joined after a stint as editor in chief of Marie Claire, Fuller cut back on text and made the emphasis on sex even more pointed, increasing newsstand sales 8% during her tenure. Defending her taste, Fuller explains, "I do what I think will tighten the bond between the magazine and the reader...