Word: debts
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Dates: during 1990-1999
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While Sunday's parade was free of verbal sparring between the candidates, yesterday's Columbus Day Parade in Revere heated up with Harshbarger attacking Cellucci's personal debt of $70;000 in pre-parade comments...
Russia's ruble devaluation and debt default were not especially damaging in broad economic terms; the Russian economy is no bigger, measured by gross domestic product, than that of the Netherlands. But the Russian default and devaluation were devastating financially and psychologically. They reinforced the impulse of global investors to pull their capital out of any country where they sense the slightest risk. Sinai explains that because of Russia's thousands of nuclear weapons, many considered its economy too important to be allowed to fail. Yet it did collapse, and investors drew a bitter lesson: in theory any country could...
Haphazard controls are not even much help to countries that impose them, because they choke off foreign investment just when it is most sorely needed. To make matters worse, Malaysia looks ready to use its controls to ease pressure on Mahathir's debt-ridden cronies instead of attempting to fix its shattered economy. Meanwhile, Hong Kong authorities find themselves stuck with $15 billion worth of stock that they purchased in August to prop up the market. Selling the shares now would drive down prices...
...Miles Davis and Bob Dylan--unclassifiable. She has bebopped with Charles Mingus and explored African rhythms with the warrior drums of Burundi. A record store of younger artists--Seal, Sarah McLachlan, even Janet Jackson--has acknowledged her influence. Virtually every act on the first Lilith Fair owed her a debt, if not royalties. But because she's been so groundbreaking, so musically mercurial, she has not always reaped the critical and commercial rewards she so richly deserves...
Students looking for help paying off federal loans after graduation may want to head back to school--to teach. Under the education bill passed by Congress last week, graduates who teach five years in a poor district can have $5,000 in debt forgiven. The private sector is also encouraging community service: Andersen Consulting has a new program to hire graduates from schools like the University of Michigan, but lets them first work for two years at Teach for America...