Word: crucial
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Dates: during 1990-1999
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Financial leaders in Washington and on Wall Street regard Cardoso as their best hope to preserve the credibility of the capitalist discipline they've sold to emerging markets during the past decade, a discipline now crumbling from Moscow to Malaysia. "They're seeing Brazil's struggle as a crucial stand for the orthodox model," says Emily Alejos, vice president for emerging markets at BEA Associates investment firm in New York City. And because it is the linchpin of the dynamic South American market, Alejos adds, "letting Brazil succumb to the global contagion would mean Argentina, Chile and other Latin American...
...talk about timing. This push comes as the Administration remains locked in a yearlong battle with Congress over Clinton's request for $18 billion for the cash-strapped IMF. The outcome is still uncertain but crucial because other countries may not contribute their share of funding until the U.S. acts. Washington's failure to do so would be viewed as a sign of growing U.S. isolationism that could further shake markets and whip up protectionist sentiment, adding to the pressure for currency controls. Says Clinton: "This country has got to lead...
...over that hurdle, there is the fact that it would all cost about $1 million, most of which Duke would pay out of its pocket. Christopher's medical care has already cost $192,500, of which Medicaid will reimburse only about $81,000. When money is tight, research crucial and hard to pay for, and there are many children to save, is this the best use of resources...
...think Mahathir's decision for Malaysia to sever its ties with the world's economies will result in neighboring Asian countries deeply affected by the current crisis jumping on the bandwagon. This was a crucial maneuver to avert further deterioration of Malaysia's economy, now near collapse. SANCHO A. SANTILLAN JR. Quezon City, the Philippines...
...Jamal Bryant, national youth director forthe NAACP, agreed that the University would loseout on a crucial opportunity by failing to open achapter...