Word: centralizes
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Dates: during 1990-1999
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WASHINGTON, D.C.: The search for a replacement candidate to head the Joint Chiefs has moved into high gear. Top contenders include Admiral Joseph Lopez, commander of NATO's southern flank; Army General Wesley Clark, commander of U.S. forces in Central and South America; Marine Corps Commandant General Charles Krulak and Army General George A. Joulwan. Defense Secretary Cohen, who must find a suitable nominee before General John Shalikashvili retires from the post in September, has said he would probably send President Clinton a recommendation in a few weeks. But Pentagon officials concede that all potential nominees will face a once...
...practice breaking ground. "I spent my childhood on a Wisconsin farm with Depression-era parents who taught me to fear disaster," he recalls. He studied law at the University of Wisconsin and in the early 1980s helped engineer Conrail's financial turnaround. In the mid-1980s, as president of Central Maine Power, he steered the divestiture of the controversial Seabrook nuclear plant. Rowe compares himself to the pilot of Mark Twain's Life on the Mississippi, "navigating shifting waters" where "the shore is never quite the same...
...made the best of his agreement to go along with an expansion of NATO, the theatrical sigh he heaved before signing was not entirely playacting. The fact is that Russia can consult with a growing NATO, but Russia is left out. So are several other countries in Eastern and Central Europe, including the Baltics, that desperately want to get in. NATO members themselves have begun squabbling about which former Warsaw Pact countries will be invited to join and who will pay the costs; the estimate, still only hazy, and probably too low, is about $35 billion over 10 years...
Europeans today do not think or talk about creating a U.S. of Europe, a federal superstate, but they are getting ready to take control of monetary policy and interest rates away from their sovereign nations and turn it over to a European Central Bank, starting 19 months from now. Then in 2002 the familiar mark, franc, guilder and several other currencies will disappear and will be replaced by the euro, with a small e. The idea is to curb inflation, eliminate the risks of up-and-down exchange rates and harmonize the member states' fiscal behavior. But the idea behind...
...momentous European decisions and deadlines. Next month in Madrid a NATO summit meeting will invite at least three former Warsaw Pact members to join the Western alliance in 1999. Next spring the European Union will begin organizing the monetary union for its start in 1999 and open talks with Central and Eastern European countries that want to join...