Word: chile
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Dates: during 1990-1999
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...kind of financial cyberspace, but it produces real victims. In Japan the accounting director of Nippon Steel Chemical leaped to his death beneath a train last May after he lost $128 million of the company's money by using derivatives to play the foreign-exchange market. In Chile a derivatives trader named Juan Pablo Davila lost $207 million of taxpayers' money last fall, instantly earning himself a place in Chilean infamy, by speculating in copper futures for the state-owned mining company. In Germany the giant conglomerate Metallgesellschaft dwarfed even those losses when it dropped $1.3 billion last year...
...globe like never before. The demise of communism in Europe expanded markets for American investors in countries such as Russia, Hungary and Poland. On the other side of the world, China lurched toward free enterprise. At the same time came the liberalization of economic policies in Latin America from Chile to Mexico and the rapid growth of the newly industrialized countries of Asia's Pacific Rim. The world was suddenly ravenous for American capital...
...example, we obtained a picture of a newsupernova from an observatory in Chile over theInternet," Kirshner says. "Then we used thatpicture to prepare ourselves for space telescopeobservation...
...Terhune, who owns and operates Chile Head, which recently moved from a one-unit kiosk to a two-unit kiosk, said consumers' passion for the"cheap thrill" of peppers and salsa have helpedher shop succeed...
...Prodigy computer network and Wine Enthusiast and Food & Wine magazines. They also feed his awesomely detailed Guide, which includes ahs and boos for 7,500 wines. Parker devotes more lineage to bottom-drawer bargains than he used to, so there is helpful advice here on $6 Cabernet Sauvignons from Chile and good-value Chardonnays from South Australia. But few readers will ever get to share his delight in $500 Montrachets that have long since vanished from the marketplace...