Word: friday
(lookup in dictionary)
(lookup stats)
Dates: during 1990-1999
Sort By: most recent first
(reverse)
This time, the Nobel Committee played it safe - and with good reason. Last year they got burned (remember Northern Ireland?) and 1999 wasn't exactly a blessed year for the world's peacemakers. The Nobel Peace Prize went Friday to Medecins Sans Frontieres (Doctors Without Borders), the universally acclaimed humanitarian aid organization that is often first into the world's hot spots. It was an uncontroversial choice, avoiding both the ruffling of feathers and the risk of disappointment. China had lobbied intensely against the award going to exiled dissidents Wang Dan and Wei Jingshen, but it is hard to accuse...
...With one of last year's recipients, Ulster Unionist leader David Trimble, having turned out to be something less than the visionary peacemaker that the award would imply after he put the kibosh on Northern Ireland's Good Friday peace agreement, committee members could be forgiven for casting a skeptical eye over 1999's other front-runners: U.N. Secretary General Kofi Annan may be the world's preeminent peacemaker, but he was left flailing helplessly on the sidelines as the Kosovo conflict took shape and East Timor descended into anarchy. Similarly, U.S. envoy Richard Holbrooke's previous efforts...
Half a league, half a league, half a league onward... Flushed with their success in capturing Chechnya?s northern plains, Russian troops Friday pressed forward their offensive south of the Terek River with their sights firmly set on a triumphant march into Grozny, the Chechen capital. But they could be heading into a trap. "The Chechens are well-armed and well-organized, and they?re just waiting for the Russians to come onto more favorable terrain," says TIME Moscow correspondent Andrew Meier. "They haven?t made much effort to resist Moscow?s offensive on the northern flatlands, where they...
...irrational panic. "Greenspan knew about the Producer Price Index numbers ahead of time," says TIME senior economics reporter Bernard Baumohl, referring to the big scary inflation number that ? along with Alan Greenspan?s own Thursday night speech about an "asset bubble" ? threw the markets into an early-morning tailspin Friday. "He warned about wild fluctuations because he knew how the market would react to the bad news about producer prices, and his role is to warn investors that an adjustment in stock prices could come quickly...
...came quickly indeed. Investors spotted the doubling of the PPI on Friday morning and sold stocks like so many hot potatoes. The Dow shed over 200 points in oh, the first 15 minutesof trading after the bell, with the NASDAQ following suit. But an hour later, the sell-off had screeched to a halt. Despite Greenspan's hint, says Baumohl, investors had overreacted again. "That producer-price number is probably more of a spike than a trend. Oil prices have probably peaked, and gains in productivity will probably help companies absorb this increase rather than passing it on to consumers...