Word: effort
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Dates: during 1990-1999
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Privatization was the next great reform effort--getting the economy out of government direction and into private hands. Those hands proved, however, to belong to well-connected operators who bought state properties at bargain rates and stripped their assets, becoming in the process notorious oligarchs who own the big banks, newspapers, television and more. It wasn't real privatization at all but a set of sweetheart deals that made the bankers partners with their cronies in government, focusing on exports, imports, loans and currency speculation...
...years of American Football Conference games--more than double the cost of the last contract) and advertising-rate increases have started to flatten. "The big-gauge networks are like Detroit in the 1970s," says Diller. "In the next three years, they will all be confronted with a massive retooling effort...
...political vacuum only compounds the financial crisis: While the government is no longer making any effort to defend the plummeting ruble and frenzied bankers go after dollars to protect their personal fortunes, Chernomyrdin looks set to simply ban trading in foreign currencies. The reinstated prime minister hopes to straddle the mutually exclusive demands of the Communists, whom he aims to bring into government, and the IMF, which he plans to hit up for more billions. "Chernomyrdin has given no sign of having a coherent policy to stop the meltdown in Moscow," says TIME Moscow bureau chief Paul Quinn-Judge...
WASHINGTON: Bill Clinton hasn't done much to help his party lately, but he's trying. In an effort to get more Democrats counted in time for the 2000 elections, the administration will appeal to the Supreme Court a decision banning statistical sampling, a process that would account for the mostly low-income blacks and Hispanics -- traditionally Democratic voters -- who elude their friendly census-taker each decade...
...come away from Summer of Deliverance thinking that the really complicated business here was not so much James Dickey's life (he died in early 1997 at the age of 73) as his son's effort--tender, scathing, forgiving--to sort it out. Christopher Dickey begins the book, "My father was a great poet, a famous novelist, a powerful intellect, and a son of a bitch I hated...