Word: centrally
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Dates: during 1980-1989
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...geophysicist for the U.S. Geological Survey. Last year the survey reported that the Los Angeles area overlies three fault segments, any of which is capable of producing an enormous quake. Since 1857, when a monster measuring 8.3 on the Richter scale strewed destruction from the Cholame Valley in central California to the Cajon Pass near San Bernardino, Los Angeles has experienced a succession of lesser tremors. Six quakes of at least 4.5 magnitude have been registered in the past two years, and some geologists suspect those rumblings are the prelude to a cataclysm...
...acknowledged that the ruble's official rate of exchange with Western currencies was seriously out of whack. While the Soviet state bank, Gosbank, gave visiting foreigners only 0.65 rubles for every U.S. dollar, a thriving black market offered as much as 15 rubles. An internal study done for the Central Committee of the Soviet Communist Party reportedly estimated the ruble's true value to be as low as 20 to the dollar...
...more than $8 billion in outstanding Latin American loans, calls Sachs "a paid flack for the countries of Latin America." Wriston argues that widespread loan write-offs would prevent Latin countries from receiving new credit. At the same time, Julio Bravo, finance secretary of the Bolivian Worker's Central Union, charges that as a result of Sachs' advice, "salaries have decreased, the firing of workers has increased, and policies respond to the interests of the business sector...
Before Bush flew to Central America to join regional leaders in Costa Rica on Friday, new details emerged about covert U.S. plans aimed at overthrowing Noriega in July and October 1988. These plans, the Administration noted, were blocked by some of the same Senators who last month criticized Bush as timid. Members of the Senate intelligence committee, both Democratic and Republican, defend their caution. One congressional source described the October plan as an ill-defined "hodgepodge." Committee spokesman James Currie added that conducting any high-risk covert operation just before a presidential election could unduly and unpredictably influence the election...
...each country sets about easing central economic controls, new tensions appear. Since the 1950s, the Moscow-based Council for Mutual Economic Assistance, known as Comecon, has brokered the bulk of East bloc trade. Comecon encourages individual countries to specialize in the manufacture of specific goods and sets production goals to meet the bloc's needs and those of other members, including Cuba and Viet Nam. Since all trade is accounted for in rubles, Comecon has built a wall around itself that promotes inefficiency and the production of shoddy goods...