Word: funded
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Dates: during 1990-1999
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...cutesy enough to rank in pop-culture significance above the number of home runs that Sammy Sosa has to date but below that other infamous abbreviation, Y2K.) For the uninformed, Y6B is what interest groups have begun to call October 12, 1999, the date when the United Nations Population Fund estimates that the number of humans on this earth will rise above the six-billion mark...
...problem was that Russia's bankers were playing the same game, possibly with loans from the International Monetary Fund. In the mid-'90s Russia's central bank transferred more than a billion dollars of hard currency to an overseas company called FIMACO. After Russia's chief prosecutor leaked word of the suspicious off-shore company, the bank eventually apologized, explaining politely that the money had been hidden to protect precious Russian assets from foreign claims and insisting that no laws had been broken. But Russian Duma Deputies charge that the central bank hid the reserves to lure more cash from...
Seeking a diverse group of investors, venture capital fund managers placed caps on the amount each investor could place in their funds...
...what if the trust doesn't distribute funds to the groups RUS might choose? Clancy says RUS has amassed a rainy day fund now totaling $34,000, which could be doled out in small amounts for years to come. "We could give $1,000 a year for 34 years," Clancy says...
Clancy says she is optimistic that the trust will fund the kinds of programs and groups that RUS has supported for more than 20 years...