Word: funded
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Dates: during 1990-1999
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...normal year, politicians would scramble to be seen with a President whose job-approval ratings have remained over 60%. But in Raleigh, N.C., Democratic freshman Bob Etheridge proudly boasts that Tipper Gore will be appearing at a fund raiser for him this week and grows evasive when asked whether he'd like a similar favor from the Commander in Chief. "I ran my own campaign last time, and we plan to do the same thing this time," he says. His reluctance is understandable, given the fact that Etheridge recently became the first Democrat to be the target of a television...
...acts on the compromise program he approved last week, things will get worse fast. When Chernomyrdin last served as Prime Minister, he took a crucial step: he stopped financing the government's budget deficit by printing rubles, and switched to paying for it with loans from the International Monetary Fund and banks abroad. This halted Russia's hyperinflation--but created the pyramid of debt on which Moscow has now defaulted...
There are no more loans in Russia's near future. Even the next IMF payment, due Sept. 15, is in doubt because the fund is demanding a balanced budget. So Chernomyrdin and the communists who run parliament intend to go back to the printing press and turn out rubles. That will bring back hyperinflation and pauperize the nation. The world will have to worry how even the docile Russians will accept such treatment, and what their political response will be. All indications are that Russians have tried communism and don't want to go back to it. But now they...
Talk about a baby boom. If you thought the postwar bulge of births was big in the West, just wait till it goes global. According to a report released Wednesday by the United Nations Population Fund, a higher proportion of the planet is entering its child-bearing years than ever before: One billion young people between the ages of 15 and 24. The most immediate result? "Millions of additional unintended or unwanted pregnancies... tens of thousands of additional maternal deaths, and at least a million more infant and child deaths," says a gloomy...
With Tiger Woods mania driving every kid to pick up a set of clubs and hit the links, what better time to take a whack at golf stocks. That's the pitch for a new golf fund, due out this fall, that will invest in equipment, apparel makers and course developers. But before you pull a Big Bertha from your wallet, remember that Asia's woes have been a drag on industry stars like Callaway Golf and Family Golf Centers...