Word: crisises
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Dates: during 1990-1999
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Last week, when many Japanese deserted Tokyo to pray at the graves of their ancestors--an annual August festival known as O-bon--subway commuters were treated to a rare opportunity: enough elbowroom to actually open their morning newspapers. That was a mixed blessing, given that the news was so...
Saving--or sacrificing--Japan's banks has become a litmus test. Obuchi's rescue plan envisions a "bridge bank" that would consolidate ailing institutions and protect healthy depositors without causing any outright failures. That means "the government will not cure the most crucial wounds," complains Hiroshi Kumagai, a leading member...
NEW YORK: The markets generally love a little U.S. agression -- it makes oil prices go up. So how to explain the Dow's 250-point plunge Friday? FORTUNE Wall Street writer Bethany McLean says that traders just have too many other things to worry about. "There's a rumor that...
If your guest has egg on his face, what's the polite thing to do? Splash some on your own -- which may be Boris Yeltsin's thinking as he awaits President Clinton's September 1 visit. Russia's leader returned to his month-long vacation Tuesday, while his country reeled...
Western bankers and governments are anxious about the devaluation, while Russians are enraged. The Kremlin says the crisis is rooted in a lack of confidence in Russia's markets by foreign investors, "but confidence was lacking because there was no sign this government could do any better than its predecessors...