Word: internationale
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Dates: during 1990-1999
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The board focused on the U.S. as the key engine of world growth. Many indicators are encouraging. The unemployment rate of 4.3% is the lowest in 28 years. Inflation is under 2% and shows no signs of heating up. The run-up in the stock market since 1994 has added...
But many of those funny interconnections have been cut. Financial institutions have used the time to weed their portfolios and especially to reduce their exposure to high-risk regions and sectors. That helped international markets shake off Brazil's latest shudder. The downside is that emerging economies are largely off...
China has done much to liberalize its economy and its society in the years since I lived in Hong Kong. While the garishly lit skyscrapers of Beijing and Shanghai may mask continuing poverty, China has begun to cast off the worst vestiges of communism. On the international front, Beijing has...
DIED. FRANKLIN LONG, 88, U.S. government adviser and Cornell University emeritus professor whose nomination to run the National Science Foundation was blocked in 1969 by Richard Nixon; in Pomona, Calif. Long, a vehement advocate of international arms reductions, had criticized the U.S.'s antiballistic-missile system, saying it would pose...
Also in the agency's story, Chinese Culture Minister Sun Jiazheng praised Xu for "helping the international community better understand China."