Word: feb
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Dates: during 1990-1999
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This is not to say the economy is headed for trouble. The recession ended on Feb. 25 (the day I bought a brand-new Chrysler LeBaron convertible), and there's reason to think business may boom in the year ahead (I have my eye on a new computer). But while that's good news for Main Street, it's almost surely already been discounted by the market. Could stocks have climbed so high without expectations the recession would end? And it also means interest rates may one day edge back...
...Israeli embassy in Buenos Aires, Argentina, was destroyed by a 220-lb. car bomb. The ferocious blast killed at least 28 people and injured 235. Lebanon's Islamic Jihad terrorist group took responsibility, then later denied it. In the first message, the group said it was avenging Israel's Feb. 16 assassination of the Shi'ite fundamentalist leader Sheik Abbas Musawi, his family and bodyguards. Israel, feeling all the more victimized as a result of ! the bombing, was quick to swear vengeance of its own. "Those who carried out the murder and those who sent them can expect painful punishment...
CREDIT: From a telephone poll of 1,250 American adults taken for TIME/CNN on Feb. 20 by Yankelovich Clancy Shulman. Sampling error is plus or minus 2.8%. "Not sures" omitted...
CREDIT: From a telephone poll of 1,250 American adults taken for TIME/CNN on Feb. 20 by Yankelovich Clancy Shulman. Sampling error is plus or minus 2.8%. "Not sures" omitted...
...John Frohnmayer, the head of the National Endowment for the Arts, had to go. Bush knew what he was getting when he selected Frohnmayer in 1989, and the President's friends heralded the appointment as proof that Bush's heart was in the right place. But then, on Feb. 20, Pat Buchanan signaled his intent to trash the NEA for "subsidizing filthy and blasphemous art," and Frohnmayer was gone the next day. "We had to wipe away at least one of Pat's points in advance," concedes a Bush aide. "Dumping John was craven, but it was just politics...