Word: budapester
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...Gorbachev revolution came home last week. Many of the words and images were familiar from last year's upheavals in Eastern Europe, but the setting was new: at the geographical and political center of the Communist world. This time it was not in Prague, Budapest or Leipzig but in Moscow that citizens thronged the streets with banners that could be loosely translated THROW THE BUMS OUT! This time it was in the Kremlin that the bums themselves seemed to take heed and the custodians of absolute power began the process of giving it up. And this time Mikhail Sergeyevich...
...Canadian consortium formed to invest in Eastern Europe purchased half the General Banking & Trust Co. of Budapest, the city's oldest bank, for $10 million. American cosmetics heir Ronald S. Lauder is the chairman of the group, the Central Europe Development Corp...
Brookes writes that "In Budapest and Prague, they are now reading [Milton Friedman's] Capitalism, Freedom and Democracy...
...might have been delivered as fittingly in Warsaw, Budapest, East Berlin, Bucharest or Sofia. For while the changing of the calendar rarely signifies the change of much else, the advent of 1990 throughout Eastern Europe gave the sense that a corner had been turned, that the time for the celebration of a revolution was passing and the time for the painful work of political, economic and moral reconstruction had begun...
...behind Poland and Czechoslovakia in dislodging communists from the government. This pace of change has caused a partial dimming of the country's image as a pathbreaking reformer. And its position, oddly enough, seems to have worsened because of the pro-democracy upheaval in East Germany. Budapest fears that much of the investment it might have expected from West Germany will be funneled into East Germany...