Word: frankfurt
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Dates: during 1990-1999
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DIED. ROB PILATUS, 32, half of the famously seen-but-not-heard Europop duo Milli Vanilli, which had to relinquish its 1989 Grammy after it was revealed that the pretty boys had lip-synched their album; after reportedly overdosing on drugs and alcohol; near Frankfurt, Germany. Pilatus never really recovered from the humiliation: the following year he tried to commit suicide and later spent time in rehab after pleading no contest to assault charges...
...Even within the chosen 11, some poor performers could drag down the currency: Italy, for example, has a debt greater than 120 percent of GDP. More immediately, the EU has to resolve, by May 2, the touchy question of who should head up the new European Central Bank in Frankfurt. ?There?s a political battle between the French and the Germans right now over who will be named president of the central bank,? says TIME Brussels bureau chief James Graff. And skepticism about the wisdom of surrendering fiscal sovereignty endures throughout Europe. At least the coins look pretty...
...urge them to roll over loans to Seoul. McDonough also asked the bankers to delay the "margin calls" on currency swaps and derivative deals, which might help unravel the deal. The bankers didn't have much choice: it was go along or go without. Similar meetings took place in Frankfurt, London, Paris and Tokyo. The holiday complicated matters: as Christmas approached, Rubin and Summers spent some time tracking down the nation's "masters of the universe" at various ski resorts and Caribbean watering holes to reinforce the message...
...least, that's what happened when the University of Frankfurt's Professor of Philosophy and Sociology arrived to speak to a select group of about 50 students and Faculty at the Hilles Cinema yesterday afternoon...
...native of Dusseldorf, Habermas is known as one of the more prominent second-generation members of the German Frankfurt School of social theory...