Word: lloyds
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Dates: during 1990-1999
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...John Lloyd, chief Moscow correspondent for the Foreign Times, and Stanley Fisher, a professor of economics at MIT, said the changes have caused enormous price increases and induced panic among the Russian people...
...Lloyd and Fisher replaced scheduled speakers Vladimir Lukin, chair of the foreign affairs committee of the Russian Supreme Soviet, and Valentin Zorkin, head of the Russian constitutional court...
Lukin has encouraged Yeltsin to take a strong stand in its dispute with Ukraine over control of the Black Sea Fleet, said Lloyd, a former British journalist of the year...
...Lloyd said that the splintering of the Soviet Union has created frictions between the new republics. "In a single stroke of the pen," said Lloyd, "Nikita Kruschev signed over the fleet to Ukrainian control. Back then, it didn't matter...
Last year Lloyd's posted a loss of nearly $900 million for 1988 -- its first in 21 years. During the past 24 months, more than a fifth of its investors have resigned. Soon the venerable firm may be changing the way it does business. A task force has proposed that Lloyd's allow some corporations to participate in the syndicate and limit future losses with the imposition of a 0.25% premium limit paid into a fund to help the names recoup losses above a fixed amount. That way, some of the names may venture back into the pool...