Word: funded
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Dates: during 1990-1999
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...President Clinton?s special envoy, Walter Mondale, appears to have had little impact. His talks with Suharto Tuesday were aimed at dissuading him from playing chicken with the International Monetary Fund. ?The talks were friendly enough, but Suharto has made no concrete commitments,? says Van Voorst. While he awaits the second installment of his $40 billion bailout, Suharto did promise to implement the IMF program. But he also questioned its efficacy and vowed to press ahead with plans to peg his currency to the dollar -- against the will of the IMF and Washington...
...underappreciated irony of bond funds is that while they invest in bonds they don't behave like them. Bond funds cannot guarantee return of principal because, unlike individual bonds (and perhaps your ex), they never mature; bond-fund returns, unlike bonds held until maturity, are tied as much to daily price movement as to the interest rate they pay. And the income generated, rather than being fixed, vacillates with market rates. These differences are so fundamental that it's a stretch even to call them bond funds. They're more like a stock. In fact, if you have money...
...Bond funds do have some good features. They are easy to buy and sell. The minimum investment is in the thousands--not the tens of thousands, as with many individual bonds. And in a stable interest-rate environment, bond funds really are a suitable bond substitute. Just make sure you know what you're getting. There are plenty of low-risk, short-maturity funds. It's the funds that buy 10-, 20- and 30-year bonds that test your emotions. Both types, incidentally, are staples in 401(k) plans. Many people had no idea what they had got into back...
...bond funds suddenly so popular? The Asian economic crisis chased some investors to perceived safe havens like Treasury bonds. But mainly it's a play on interest rates, which could reach dramatic new lows if inflation continues to subside. When rates fall, bond funds excel. That was the case in '95, when T-bond funds returned an average 22%. But there's an insidious side to bond funds even when rates are falling: the income streams they provide decline because fund managers must buy new bonds that pay ever lower interest. The $1 billion PIMCO High Yield Fund paid...
Pentagon planners are quietly reviewing their options for how to extricate the 11,000 Americans living in Indonesia if turmoil in the South Pacific archipelago continues to escalate. Fiscal problems have led to a $43 billion International Monetary Fund bailout, but the resulting austerity measures have sent the cost of basic necessities in the world's fourth most populous country soaring, and last week rioting broke out on several islands. The anger comes from 90% of the 202 million Indonesians who are Muslims and is largely directed against the nation's ethnic Chinese, who account for only...