Word: defaults
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Dates: during 1990-1999
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This year, all FAS courses came online with default Web sites, which professors can configure to meet their specifications...
After a spectacular devaluation and default, what's a country to do? The answer from Russia's new central banker, VIKTOR GERASHCHENKO, is to print money, and lots of it. Printing presses are said to have been rolling for days, cranking out billions of nearly worthless rubles. Just how many have been printed is a state secret, but BORIS NEMTSOV, the 38-year-old (recently retired) Deputy Prime Minister, puts the figure at "between 9 billion and 12 billion rubles" (some $600 million to $800 million). Officially, the central bank only admits to printing "less than 1 billion" rubles...
After a spectacular devaluation and default, what's a country to do? The answer from Russia's new central banker, Viktor Geraschenko, is to print money, and lots of it. Printing presses are said to have been rolling for days, cranking out billions of nearly worthless rubles. Just how many have been printed is a state secret, but Boris Nemtsov, the 38-year-old (recently retired) deputy prime minister, puts the figure at "between 9 billion and 12 billion rubles" (some $600 million to $800 million). Officially, the central bank only admits to printing "less than 1 billion" rubles...
...Kris Sell from Kansas, 6-2, 6-1. Moving into the loser's bracket, Wang managed to take a first set tiebreaker from Syracuse's Shareen Lai and cruised in the second set for a Harvard victory. After the match Wang's shoulder acted up, forcing her to default her next match...
...mess, which meant the well-intentioned devaluation quickly turned into a free-for-all. The particular dilemma was that Russia's banks were loaded down with foreign-currency debt, which meant that a decrease in the value of the ruble made repayment more expensive. This made the temptation to default almost irresistible--especially since Russian banks are generally seen as checkbooks for a new class of oligarchs. As the soon to be departed Russian government heads huddled in Moscow to figure a way out of this crisis and to consider how to deal with the devaluation, the halls of their...