Word: explaining
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Dates: during 1980-1989
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This makes the concept of modern markets hard to understand and difficult to explain, even for the distinguished explainer Martin Mayer. Following an arcane account of a portfolio-hedging strategy, he writes, "You can read it twice, or three times, or you can take my word for it." Which is sound advice. Mayer has been one of the educated layman's best guides to the covert worlds of Wall Street and finance. The Bankers (1974) was a best seller. More recent books include The Fate of the Dollar (1980) and The Money Bazaars...
...interns of 1988 were chosen from 58 finalists nominated by 33 participating schools. Senior Editor Jose Ferrer helped winnow that pool down to the fortunate half a dozen. "We look at how well they think, see and write," says Ferrer. "There's no formal training program. We orient them, explain how we operate and then set them to work." Four of TIME's interns are assigned to various sections of the magazine as reporter-researchers: Borras, who attends the University of Florida, is in World; Princeton's Lee is in the Humanities cluster; Charles Poe of Baylor is in Economy...
While U.S. officials struggled to explain how the U.S.S. Vincennes had mistakenly shot down Iran Air Flight 655 with 290 civilians aboard, the mullahs who run Iran sought to make the most of their morbid propaganda windfall. Public memorial services took place in at least four cities. At Bandar Abbas, the coastal town from which the doomed jet took off, reporters were given a look at some of the bloated and mutilated bodies of the victims, about 170 of whom had been dragged from the Persian Gulf by week...
...came closest to genuine emotion when he began a written statement, "This is a burden that I will carry for the rest of my life . . ." He was unable, however, to end his sentence there. Like good people who cause bad things to happen, he felt the need to explain and justify rather than putting a period after his grief: "but under the circumstances . . . I took this action to defend my ship and my crew." The Chairman of the Joint Chiefs of Staff, Admiral William Crowe Jr., used a similar yes-but formulation in saying, "We deeply regret the loss...
Read invest as the new Democratic code word for spend; rarely have so many potentially budget-busting programs been separated by so little punctuation. Dukakis is the apostle of "targeted economic development," while Jackson has . stressed creating public service jobs to rebuild America's "infrastructure." The platform neglects to explain how "fiscal responsibility" might be achieved. But Jackson is likely to wage a convention floor fight on this point to insert a pledge to raise the taxes of the wealthy. Dukakis' likely response: "Go ahead, make...