Word: crucial
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Dates: during 1990-1999
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With decisive road victories over Princeton and Penn this weekend, the Harvard teams completed a crucial Ivy League sweep that gives them momentum heading into one of the season's most important weeks...
That kind of continuity is crucial for his small but strategic country, and for a King who lacks political experience. Abdullah believes his military career has prepared him well, putting him closely in touch with ordinary Jordanians as well as Washington generals. While Hussein's sickbed decision shocked him, he appears unfazed at stepping out to lead the family "team." As Hussein counseled him years ago, "Have I ever steered you guys wrong?" Still, every citizen and friend of Jordan wonders if Abdullah will prove up to the job his father handled with such finesse...
...President Jimmy Carter's 1978 Camp David negotiations, which produced the landmark Israeli-Egyptian peace accord. But for many years afterward, Hussein played a pivotal role, often behind the scenes, in diplomacy to achieve a comprehensive peace. Besides conducting secret negotiations with Israeli leaders for years, he became a crucial partner of the Palestinians at the 1991 Madrid talks that led to the 1993 Oslo accords. In 1994 he fulfilled a long-standing ambition by negotiating Jordan's peace treaty with Israel...
...fresh thinking has been crucial in the new economic order. One legacy of 1998 has been the destruction of some of academe's and Wall Street's most cherished models of the world. More data and faster markets, says Greenspan, mean more opportunities to make money. They also mean more chances to lose your shirt, something he calls "the increased productivity of mistakes." Computers make it possible to push a button and destroy a billion dollars of wealth. The chairman was warning about the problem long before Long-Term Capital Management vaporized $4 billion, but that debacle silenced any skeptics...
There are many challenges to face between now and then. Japan, which, as a banker and buyer, is crucial to any plans for a recovery in Asia, continues to struggle with economic reform. And in the U.S., growth is more dependent than ever on the stock market--which has been powered to new highs on the back of Greenspan's interest-rate cuts during the fall. The link between the Dow and the GDP means that a major correction in the stock market could send the trio's fondest hopes into the dustbin. "They have done a masterful...