Word: crashing
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Dates: during 1990-1999
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...approach. The stations most vulnerable to the loss of federal funding, he points out, are small outlets in rural areas that get a relatively large portion of their money from the CPB. "If they pull out the federal funds," says Carlson, "it will probably cause the small stations to crash and burn ... Public broadcasting in small communities touches the life of every person there. We are going to win this at the grass-roots level." Spoken like a true man of the people...
...newspaper his father owns and edits, the Moat County Tribune. Jacks elder brother Ward has become a star reporter at the (also fictional) Miami Times as one-half of an investigative team; he and his partner, Yardley Acheman, have won statewide renown with stories on a plane crash and a fraternity-hazing death. These two fetch up in Moat County looking into the 1965 murder of the local sheriff and the subsequent trial and conviction that put one Hillary Van Wetter on death row. The reporters hire Jack as a driver and general factotum...
NAFTA: Does the peso's crash mean Perot was right...
What's wrong with this picture? Mexico's currency crash had just spoiled the first anniversary of the North American Free Trade Agreement, and there sat Ross Perot, looking very, very grave. "I do not want to be vindicated," the prophet of post-NAFTA doom told one newspaper reporter. "I would like to be wrong...
This isn't to say NAFTA caused the crash. In some ways it helped the peso, by attracting investment from the U.S. and elsewhere. But the pact didn't give Mexico the huge peso-protecting cushion that critics envisioned. It's true, as Perot will gladly remind you, that he actually predicted a post-NAFTA peso devaluation. But not this kind of devaluation. In his scenario, a secretly planned devaluation would be triumphantly unveiled -- a wily Latino ploy that by cheapening Mexican goods, would amplify the sucking sound. Reality proved less rife with intrigue than Perot's imagination. Mexico...