Word: latinate
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Dates: during 1990-1999
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What about the chances of a genuine recession? None of the economists on TIME's board would flatly predict one, but none would rule it out either. If the "Asian financial flu" infects Latin America and Canada, if a renewed plunge in U.S. stock prices scares consumers into slashing their spending, and if the Federal Reserve Board fails to make deep enough cuts in interest rates--why, then, a growth recession could turn into the real thing...
...countries on the Pacific Rim of Asia that once accounted for a third of world output "are in depression or recession, and we're still counting"; Japan, the world's second biggest economy, "is still going down--it looks like a drop of 2% this year"; in Latin America, Venezuela and Colombia are in recession and Brazil is "in a very dicey situation," saddled with an overvalued currency. Argentina also "is at risk because a chunk of its exports goes to Brazil." Even Canada is "slowing down because of Asia"--and Canada and Latin America together account for more than...
...stand for the orthodox model," says Emily Alejos, vice president for emerging markets at BEA Associates investment firm in New York City. And because it is the linchpin of the dynamic South American market, Alejos adds, "letting Brazil succumb to the global contagion would mean Argentina, Chile and other Latin American countries following on its heels...
...without a degree in the spring of 1885. At his mother's behest, Hearst had enrolled reluctantly in the class of '86, moved into Matthews and suffered from the same culture shock many California transplants experience today. Not relishing his studies (which included, in his freshman year alone, Greek, Latin, Classical Lectures, German, Algebra and Chemistry), he concentrated instead on his position as "the first real business manager of the Lampoon," in the words of Nick C. Malis '99, a member of the Lampoon. When Hearst died in August 1951, the Boston Evening American mentioned that "In two years...
...again -- this time for saving too much. "Running a surplus right now could be inappropriate," says TIME business reporter Bernard Baumohl. "When the U.S. and world economy is slowing, tax cuts could help stimulate domestic growth and make sure the U.S. is still a good market for Asian and Latin American exports...