Word: defenders
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Dates: during 1990-1999
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...rest of the United States need is a policy of leniency. We hold that the federally imposed drinking age of 21 is misguided. If 18-year-olds are mature enough to act as full participatory members of our democracy, eligible both to select our leaders and to defend our borders in arms, then they are sufficiently responsible to imbibe alcoholic beverages. Further, a basic premise of American liberty is that freedom allows for the flourishing of virtue. Eighteen-year-olds should be allowed to develop temperate drinking habits under the sanction of the law. The current federal statute in this...
...surprised that the Taiwanese association spoke here and the others didn't," she said. "If you're going to hold up your sign you better defend...
...comes to shove, he will do so again, since Hong Kongers tend to value their currency more than they value their stocks. "Let the peg go," says TIME Asia correspondent John Colmley, "and the basis of the Hong Kong economy collapses." Even $85 billion may not be enough to defend it, he warns, if currency vultures like George Soros move in. So hang on to your seat belts: Messrs. Hang Seng and Dow Jones could be in for another one of their bumpy rides...
...Fears that currency speculators would continue attacking the Hong Kong dollar, forcing the government to keep interest rates high to defend the currency, spurred investors to flee Hong Kong. Higher interest rates spell trouble for stock markets, because they slow down corporate growth...
...Hong Kong leader Tung Chee-hwa, meanwhile, drew a line in the sand for speculators, vowing the Hong Kong dollar's 14-year peg to the U.S. dollar is rock solid. He noted that the territory has US$88 billion in foreign reserves to defend its currency...