Word: marketeers
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Dates: during 1990-1999
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...opinion largely to the "wealth effect"--that is, the tendency of rising stock prices to make people feel richer and able to spend freely, even if many of their gains remain on paper. Reaser notes that retail sales rose strongly early in 1998 along with the booming market, faltered in late summer as stock prices dived but have come back with the October-November rebound in share prices...
...strong. Some economists are worried that official statistics indicate consumers are spending more than their income, and fear this cannot continue. Sinai, however, says much of the spending is coming from sources the government does not count as "income"--specifically, money that people raise by cashing in stock-market profits or refinancing the mortgages on their homes...
...Persian Gulf, and they might have U.S.-made Stinger missiles left over from the Afghan war. Worse, intelligence officials discovered that by 1993 bin Laden had begun hunting for nuclear weapons. First on his shopping list was a Russian nuclear warhead he hoped to buy on the black market. He abandoned that effort when no warhead could be found. Instead, his agents began scouring former Soviet republics for enriched uranium and weapons components that could be used to set off the fuel...
...slumber comes two years after Ted Turner hectored his fellow billionaires to stop hoarding their market-inflated wealth. Last fall Turner (who is vice chairman of Time Warner, TIME's parent company) pledged $1 billion of his now $6 billion fortune to the United Nations in the form of an annual pledge of $100 million in Time Warner stock. He may have started something. The world's richest man, Bill Gates, long derided for being too penurious, has put $2 billion into his two charitable foundations. Earlier this month he donated $100 million in cash toward vaccinating children...
...children learned that for $50 to $100, they could, through Christian Solidarity, buy the freedom of a Sudanese slave. The group has kept meticulous records and case histories of the 4,016 people, mostly of the Dinka tribe, it has rescued so far. It takes advantage of the market to free the people taken by bandits, tribal leaders and professional slave traders. Says Gunnar Wiebalck, who is in charge of disaster aid for Christian Solidarity: "Arab traders know that we buy them back." The ex-slaves, many uprooted by the country's civil war, are then re-established in society...