Word: ende
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Dates: during 1980-1989
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...Treasury Secretary Nicholas Brady in March and endorsed by the World Bank and the International Monetary Fund, as well as at the economic summit in Paris last week, the plan calls for "reducing" -- in fact, forgiving -- some principal and interest, thus freeing borrowers' resources for growth. The banks end up holding IOUs that have a lower face value but a higher chance of being repaid. The increased prospect of the debtor nations' economic and political stability becomes reassuring collateral...
Welcome as the Brady plan is, it may end up being foiled for the most ironic of reasons: the U.S.'s mismanagement of its own economy. Under the arch- Republican Ronald Reagan, the U.S. spent so much more than it collected in revenues that it became the world's No. 1 debtor. Says C. Fred Bergsten, the director of the Institute for International Economics in Washington: "The richest country in the world is competing with the poorest for the pool of available capital. American indebtedness tends to drive up U.S. interest rates, which in turn drives up the cost...
...end, even the most intrusive measures will not be foolproof: there is no verification catholicon. But perfect verification is as illusory as it is unnecessary. National security requires only that governments be able to detect militarily significant violations early enough so that they can do something about them. "Adequate" verification is indispensable to reducing the risks. Recent reports from the negotiating tables suggest that both the U.S. and the U.S.S.R. have awakened to that fact...
Tallying and analyzing their data at the end of a year, the investigators found that the cats had claimed almost 1,100 items of prey, 64% consisting of small mammals: mostly wood mice, field voles and common shrews, interspersed with an occasional rabbit, weasel or pipistrelle bat. The remaining victims, all birds, included sparrows, song thrushes, blackbirds and robins...
Since the end of the three-day heat wave arrived last night in a burst of thundershowers, there is likely to be little discussion. According to weather service spokesperson Todd A. Patstone, today's storms are likely to be "pretty severe, but [how much] is going to be determined later...