Word: kinds
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Dates: during 1990-1999
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...banks to see how it worked to their benefit," Greenspan explains. Was there any element of a threat in the calls, a suggestion that if the banks didn't play, perhaps Treasury would let Korea blow up to set an example? "There was no stick," Rubin says. "It was kind of a carrot," Summers explains with a giggle. "A variable carrot...
Their success has turned them into a kind of free-market Politburo on economic matters. Clinton relies on the men to a level that drives other Cabinet members nuts. One weekend this summer, when both Summers and Rubin were on vacation, Clinton began to panic about Russia's weakness. "Where's Bob?" the President kept asking nervously in a morning meeting. Turning to White House staff members, he told them to pull together a plan. The team spent a weekend crashing a strategy, only to be shut out again when Rubin arrived back in town. An aide to Secretary...
...contagion has been a kind of object lesson in the risks of the new economics, and many developing nations are paying more attention to their policies. Says a Treasury official: "It was awfully hard to tell the Thais they had something to worry about when they were growing at 8% a year. They're a lot more attentive now." Greenspan and Rubin hope they can turn that attention into the kind of reforms that will make these emerging markets closer to ideal. Among the top priorities: cleaner international banking systems, transparent lending practices and more open markets. As soon...
...little early for that kind of worry. Lajoi is only 10, and the test she was fretting about is the FCAT, or Florida Comprehensive Assessment Test, given to the state's fourth-, fifth-, eighth- and 10th-graders last week. While poor FCAT scores won't keep her out of college just yet, they could hold Lajoi back from fifth grade...
...were 46% more likely to divorce than those who had not. "The longer you cohabit, the more tolerant you are of divorce," says David Popenoe, the sociologist who co-wrote the study. "You're used to living in a low-commitment relationship, and it's hard to shift that kind of mental pattern...