Word: mayes
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Dates: during 1990-1999
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...slings and arrows of outrageous fortune may have gotten a little weird for George W. Bush Thursday night, as fellow Republican presidential candidates cast him as a blend of Marie Antoinette and a Southern plantation owner - all in the course of a genteel policy exchange. Blue-blood publisher Steve Forbes led the charge, accusing the Texas governor of "betraying" Americans with his tax plan and proposals to consider raising the retirement age. Then arch-conservative Alan Keyes wrapped his criticism of the Bush tax plan in an out-of-left-field race reference to "Massah Bush." And the picture...
Foul play is confirmed, but the identity of the players may make for the great murder mystery of international finance. Edmond Safra, owner of the Republic National Bank of New York and one of the world's richest men, was murdered Friday in Monte Carlo after two knife-wielding hooded men broke into his penthouse apartment and set a fire after the banker locked himself in a bathroom. Safra and a nanny died in the fire, while his bodyguard was badly injured. The killers have not been apprehended...
...attack came as Safra was moving to complete the sale of Republic National to the London-based HSBC banking group for $10.3 billion. He'd been forced to reduce his price by $450 million after Japanese financial regulators claimed that one of Safra's clients, Princeton Analytics, may have cheated Japanese investors out of $1 billion. The bank had also lost $191 million from Russia's 1998 debt default, and last summer alerted the FBI to the possibility that some of its accounts were being used for money laundering by Russian organized crime. Indeed, concerns over money laundering prompted Republic...
...Although the Dow later backed off the record high, the euphoria may be a product of a paradigm shift in the shaping of economic indicators. After all, it seems counterintuitive that wage inflation wouldn't increase with the ever-expanding job market. "But this may show some things about the new economy," says Baumohl. "Increased productivity means that even though new jobs are being added, the prices of consumer goods aren't rising. And a growing number of employees are being at least partly rewarded in ways that don't show up in hourly wage inflation figures - extra benefits, bonuses...
...week, for example, Arizona announced that only 1 in 10 sophomores passed a new state math test, and states are now rushing to ease their testing standards. Meanwhile, calls for federal funding for school construction and for more, better-trained teachers are gaining traction in the presidential race. Students may be arriving ready to learn, but somewhere along the line they're not being taught...