Word: chronically
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Dates: during 1990-1999
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...Steven Ross, chairman and co-chief executive of Time Warner, called Milken "a long-term thinker, not a quick- buck artist." Wrote Ross, who said Milken became a close friend after arranging a 1984 stock offering for the former Warner Communications: "He talks more about illiteracy in math or chronic diseases of the poor or unemployment than about interest rates...
After resigning as artistic director of American Ballet Theater a year ago, Baryshnikov thought of quitting dancing too. But despite chronic knee problems, he admits, "it's neither easy nor pleasant to leave the stage. I never thought I'd spend my last years as a modern dancer, but it's important now to work with someone I admire." He had danced Morris' work earlier and spotted him as someone who saw dance the way he did, musically. "Mark decodes a composer's thought," Baryshnikov says. "He uses dance like an extra instrument." As for Morris, he seized on "Misha...
...gulf states are particularly vulnerable to charges that they preside over artificial entities with little more than their oil wealth to justify their existence. Few men in the street have mourned the demise of Kuwait's al-Sabah family, a clan noted for its extravagant life- style. Discontent over chronic corruption and inefficiency runs high. Shaky Arab regimes are worried that Saddam could mobilize religious and nationalistic passions, then turn that rage against them...
...alongside that highly industrialized Brazil lives another, desperately poor country where 70% of the 150 million citizens live in poverty. That is the legacy of the chronic overspending that began in the 1970s when military rulers borrowed heavily from Western banks to cope with spiraling petroleum prices and to finance an ambitious industrial expansion scheme. By the time Collor took office, Brazil was saddled with a $115 billion foreign debt. Interest payments to foreign commercial banks were stopped last July. Chaos loomed as the economy zoomed into hyperinflation, with prices rising at a rate of more than 100,000% annually...
With the U.S. economy stagnant and domestic sales hurting, boosting new markets overseas became a simple matter of survival for many U.S. firms. So far, their efforts have paid off handsomely. Exports have zoomed to record levels this year, a trend that has helped narrow the chronic U.S. trade deficit and provide the domestic economy with just enough vitality to avert a recession. "Thank goodness for exports," says Allen Sinai, chief economist with the Boston Co. Economic Advisers. "Without them, the U.S. economy would be dead in the water...