Word: funded
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Dates: during 1990-1999
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...global downward spiral "should serve as a lightning rod to world policymakers--yet it really hasn't," complains Roach. But what can they do? The International Monetary Fund has exhausted its ability to keep acting as a global lender of last resort, in large measure because the U.S. Congress has failed to pass appropriations to refill its coffers. President Clinton has asked Greenspan and Treasury Secretary Robert Rubin to set up a meeting with their counterparts in 22 countries, stirring some hopeful talk of a coordinated cut in global interest rates. But Greenspan promptly denied that any such move...
Little wonder that on the eve of this week's annual International Monetary Fund meeting in Washington, the IMF and U.S. Treasury Secretary Robert Rubin sent their strongest signals yet that they're poised to assemble a $30 billion package of bailout loans to Brazil. "We believe that the economic well-being of Brazil is critically important not only to our economy but to the entire hemisphere," said Rubin...
...courtliness has allowed him to pull off the remarkable trick of holding some of the most ideologically rigid views in Congress while maintaining a reputation for restraint. He crafted the famous Hyde amendment--six lines he hastily scribbled on legal paper in 1976 that deny low-income women federal funds for abortions. He was a robust supporter of Oliver North during the Iran-contra affair, and he led the calls for an independent counsel to look into Bill Clinton's 1996 fund-raising practices. But opponents speak of him with respect. Says Kate Michelman, president of the National Abortion...
...State, farmers watched helplessly as their grain piled into huge drifts for lack of Asian buyers. In slumping Brazil, Ford and General Motors, which only recently completed new plants in the country, had to cut production drastically. And the future could be grimmer still, according to the International Monetary Fund, which reported at its annual assemblage of world finance ministers last week that "the risks of a deeper, wider and more prolonged downturn have escalated" throughout the developing world...
...perspire when you read the stories about the recklessness of the hedge-fund managers at Long Term Capital? Did you check out the mumbo jumbo in the prospectus of your mutual fund to see if it might be using your nest egg as collateral to borrow millions to bet on, say, the 49ers game? Relax. The securities regulators are better than you think. They worry more about you than about the folks who invested in Long Term--the sort who can drop $10 million without having to sell their jets...