Word: mattered
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Dates: during 1990-1999
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...July 1992, the commission found the club had engaged in discrimination. Six years later, Lowell is still awaiting damages. "It wasn't a case of whether or not I worked during the week and could only play on Saturdays like the men," Lowell says today. "It was a matter of equality." Cedar Brook has since mended its ways and become a woman-friendly course...
What complicates the matter is that Starr has legal justifications for including anatomically correct details in his report. To back up any claim that the President committed perjury, the independent counsel needs to show that Clinton lied when he told lawyers for Paula Jones that he and Lewinsky did not have sex, at least not by the light of the definition of sex approved by the judge, which was more technical than the instructions for hooking up a VCR. Since that definition hinged upon specifics of who touched what and what went where, Starr will need to spell out just...
Another variable in this dangerous game is the question of how long to play it. Polls say most Americans want the matter brought to a quick conclusion. A lot of Democrats would be happy to oblige. The popularity of the censure option, which the White House is not yet ready to accept, is growing fast among Democrats in Congress, especially the ones who face re-election. Cautiously triumphant Republicans are in no mood to let the President off the hook that fast. When Senate majority leader Trent Lott said last week that he didn't think censure was enough...
Indonesia too continued to receive billions in foreign cash despite years of the most egregious corruption and nepotism sanctioned by President Suharto. Apologists argued that funneling contracts to his children did not matter too much since the projects--new roads, factories, airports--did get built. If they cost more than they should have, the projects still contributed to annual economic growth of more than 6.5% for 25 years. When the "corruption surcharge" helped destroy the rupiah and emergency austerity measures threatened to starve a population where almost 50% are now on or below the poverty line, riots drove Suharto from...
...Valuations matter. There are companies behind those pieces of paper we call stocks. If a company's fortunes sink, so eventually will its stock. Beware of any company whose price-earnings multiple is greater than the expected annual growth rate for its earnings over the next few years. For example, Coca-Cola's P/E, even now, is 40; its earnings could rise 15% a year. That's definitely not the real thing...