Word: formerly
(lookup in dictionary)
(lookup stats)
Dates: during 1990-1999
Sort By: most recent first
(reverse)
...trader John Meriwether, who helped make Salomon Brothers the top bond house of the 1980s, as recounted in the best seller Liar's Poker by Michael Lewis. The partners, who worked out of waterfront offices in tony Greenwich, Conn., included Nobel-prizewinning economists Myron Scholes and Robert Merton and former Fed Vice Chairman David Mullins. As their price for the bailout, the creditors acquired a 90% stake in the fund, which effectively removed Meriwether and his partners from power. But huge management fees that the partners have collected could still leave some ahead of the game by tens of millions...
...Greenspan, who just two weeks ago assured Congress that hedge funds "are strongly regulated by those who lend the money. They are not technically regulated in the sense that banks are, but they are under fairly significant degrees of surveillance." On the other hand, Treasury Secretary Robert Rubin, a former co-chairman of Goldman Sachs, had put out a word of caution, saying that "people who extend credit tend to get a little less careful" in good times...
...printed is a state secret, but BORIS NEMTSOV, the 38-year-old (recently retired) Deputy Prime Minister, puts the figure at "between 9 billion and 12 billion rubles" (some $600 million to $800 million). Officially, the central bank only admits to printing "less than 1 billion" rubles. But a former bank official fears that as many as 50 billion rubles will be minted in a vain attempt to reflate the economy. A far likelier result is hyper-inflation. Inflation has already rocketed to 67% since the Aug. 17 devaluation, and is forecast to hit 290% by year...
...this round, Hodges is catching up to Beasley in the polls, riding a freaky wave of money and support. A former state legislator and a corporate lawyer, Hodges touts tax revenues from gambling as the best way to fund South Carolina's crumbling education system, and grateful video-poker barons have rewarded him with heavy campaign contributions. Beasley has made himself an enemy of the state's gambling interests by calling for a ban on video poker and opposing a referendum on introducing a state lottery...
First he had a kung fu grip and military missions. Now he has a firm handshake and political aspirations. Yes, perennial boy toy G.I. Joe will have a new general on base later this month when Hasbro rolls out an action figure modeled after former Chairman of the Joint Chiefs of Staff COLIN POWELL, the latest addition to Hasbro's Historic Commanders Assortment. Powell (the doll) eschews fatigues for a decorated dress uniform and tie. But after a tough day of reconnaissance in Mom's petunia garden, the general and company might want to kick off their combat boots...