Word: crisises
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Dates: during 1980-1989
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Kraus began working on financial aid problems at GSAS during a "crisis time," Jones says. The government had cut support for graduate education. So in a system dubbed the Kraus plan, he devised a means for allocating the remaining resources "as equitably as possible...when people were used to a...
Republican candidates for governor, lieutenant governor and other key offices are optimistic that the new decade could end an era in which their party has played a small role. Democrats, on the other hand, are fighting to save their reputations--tarnished by the state's fiscal crisis--and preserve a...
To Jeffrey Sachs, the glaring gap between rich and poor in Latin America is a major cause of the debt crisis that has racked the region. The boyish Harvard & economist, an adviser to debt-ridden countries from Bolivia to Poland, blames wealthy Latin elites for dodging taxes and arranging self...
Sachs, whose work in Latin America is underwritten by the United Nations, responds that "if one person can be attacked from so many directions, there hasn't been enough contact between sides" in the debt crisis. "Much of my work," he notes, "is just sitting quietly in a back room...
In the same vein, Sachs believes that the Latin debt crisis will eventually ease. He considers a plan that Treasury Secretary Nicholas Brady unveiled last spring, which calls for limited debt reduction, a modest but encouraging step. "There has been a lot of progress," Sachs says. "The thinking is much...