Word: centrally
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Dates: during 1990-1999
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...Jones industrial average has fallen 529 points, a drop of nearly 10% since its August peak, punctuating a dismal third quarter. Investors are hoping--praying might be a better word--that Fed Chairman Alan Greenspan will decide against the third interest-rate hike of 1999 when the central bank's Open Market Committee meets this week...
Since the U.S. economy remains basically strong, Treasury officials say the rising yen is Tokyo's issue. And they've convinced Japan's major trading partners of that, not to mention the government of Prime Minister Keizo Obuchi. Everyone, that is, except Masaru Hayami, chief of Japan's central bank, who late last month got into a public spat with Tokyo's powerful Ministry of Finance because the Bank of Japan refuses to lower interest rates or print money to bring the yen back to earth...
...dinner where Jiang spoke, I sat next to Liu Mingkang, a former Chinese central banker who now heads a large financial corporation. He knows well the vagaries of Chinese freedoms; during the Cultural Revolution, he spent 10 years banished to the countryside, where he learned English by listening to the Voice of America on his secret transistor radio while working in the paddies. Now he is planning for his company to set up an online system for stock trading and banking transactions. "As economic freedoms expand," he says, "we are inevitably securing more social freedoms and the ability to exchange...
After serving as senior partner for more than 20 years, Loeb went on to underwrite projects in New York's Central Park and at New York University, numerous museums, hospitals and schools...
...CELEBRITY CENTRAL...