Word: golds
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Dates: during 1990-1999
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Korea's Reverse Alchemy Is South Korea, on the brink of recovery, about to make a major misstep? Playing the international gold game...
SEOUL: Just as it shows signs of stabilizing its leaky financial ship, the South Korean government may be headed for an iceberg. For the past few weeks, South Korea has been propping up its sagging currency by furiously exporting gold donated by Koreans in ring-and-trinket form. But the flood of gold from Korea has actually driven down prices worldwide...
...promised to spread the burden of reform. Last week his government asked citizens to donate gold jewelry to ease the currency crisis and said it would put two failing banks up for sale to foreigners. Almost immediately there were reports that Chase Manhattan and Citicorp had expressed an interest in taking positions in the firms, though the banks refused to comment. Kim told TIME that "if layoff of workers is necessary, then that is what we will do." And he has warned the chaebols that if they don't reform, he will do it for them. "It is sure...
Many are offshoots of Optima, the company's first credit card. (The venerable green and gold cards are not credit cards that can carry over a balance but charge cards that require payment-in-full each month.) Want to earn discounts on golf lessons or a new set of clubs, for example? The American Express Golf Card, an Optima card issued with Callaway Golf, was designed for that. Or how about dollars off hotel rooms or a chance to rack up frequent-flyer miles? Among other programs, American Express offers Hilton Optima and Delta AirLines Skymiles cards...
...GOOD AS GOLD Sounds like alchemy, but scientists say wearing a gold ring may help arthritis. In a study, patients who donned gold bands had significantly less arthritis in their ring fingers and adjacent joints than in the corresponding fingers of the opposite hand...