Word: fallouts
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Dates: during 1990-1999
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...diplomats scrambled to contain the fallout, many echoed Clinton's questions: Why did India do it, and why now? Basking in atomic glory, B.J.P. officials insisted it was a matter of vital national security, a precaution against Pakistan's nuclear preparations, a deterrent to ward off China's hegemony. Just two weeks ago, Defense Minister Fernandes had suddenly called China "threat No. 1," claiming it was encircling India with missile and naval deployments of suspicious intent. But until then relations between the neighboring giants had been mending. Even though India has fought three wars with Pakistan, nothing has changed recently...
...economies cracked last year, Howard Greenspan feared the worst for his bank. As a longtime customer and investor in the Canadian Imperial Bank of Commerce, the second largest in Canada, Greenspan knew it was a big player in the Asian derivatives market. The bank would suffer from the Asian fallout, but how much? At the company's annual meeting in January, Greenspan, a Toronto management consultant, asked CIBC chairman Al Flood about the bank's derivatives. But Flood cut him off, and a subsequent attempt was unavailing. So Greenspan took CIBC to court a month later to compel the bank...
...Thailand still struggling, the Asian economic crisis is far from over. In the worst- case scenario, one or more large derivatives defaults from Asia and sets off a chain reaction of failures. In the meantime, Howard Greenspan still awaits information to see if his bank will suffer from the fallout. "In the final analysis, this has little to do with Asia," says Greenspan. "It's derivatives themselves. We are into the age of global financial risk...
...succulent mussels are steamed in a classic, light, garlic-white wine sauce. The empty bowl offered for shells was nowhere near the capacity needed to account for the volume of sucked-dry detritus that remained after the mussels were finished. Empty mussel shells were scattered around the table like fallout, creating unsightly wet patches in the crisp white paper tablecloth. Snoot is hard-sought at Alloro, however--the waiter seemed thrilled at our animalistic enjoyment of the food. A third appetizer seemed impossible to pass up. The only glaringly untraditional dish on the menu, the grilled shrimp on fennel salad...
TIME: Wall Street seems to be in complete denial about the fallout from Asia...