Word: michell
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MOSCOW, RUSSIA: The head of the International Monetary Fund, Michel Camdessus, approved a $10 billion three-year loan to Russia on Thursday. The loan, which must still be approved by the IMF board, is intended to support Russian economic reforms. It includes measures to help Russia control the budget deficit, lower inflation, and stabilize the exchange rate. Russian government planners have been counting on the loan for some time, and have already factored billions from the IMF into future budget predictions. The loan comes at a convenient time. Russia's economy is heavily burdened by the cost of the Chechnya...
...popular organizations took to the streets, the President preferred to palliate those who would lose jobs rather than begin constructing a working economy. As a result, $100 million in aid has been frozen and private investment scared off. The economy has been dead in the water ever since. Says Michel Georges, a Cap Haitien businessman, with a sigh: "We're waiting for an economic program to begin...
...Fugees' name is short for "refugees": two of the members, Wyclef Jean and Prakazrel Michel, have family roots in Haiti; the third, Lauryn Hill, is a native of New Jersey but considers herself "Haitian by association." The band's winning new album The Score draws liberally from the music of both the Caribbean (there's a rousing cover of Bob Marley's No Woman, No Cry) and urban America (a woozy hip-hop remake of Roberta Flack's Killing Me Softly...
...from gangsta rappers, steering clear of boastful misogyny and empty-headed machismo. They criticize performers who fail to make clear that their violent songs are fantasies, not instructions. "You got a lot of kids who look up to these artists, who think what they're saying is true," says Michel, who was a philosophy major at Rutgers University before he took a break to pursue a musical career. "I'm not saying don't do it, but let these people know that it's the same as with Arnold Schwarzenegger: when he jumps off buildings and shoots people...
They were wrong. As it happened, Butler was in the middle of rewriting the software last October to accommodate the spectrometer's newly heightened sensitivity when a disconcerting flood of E-mail started pouring in. Michel Mayor and Didier Queloz, of the Geneva Observatory in Switzerland, had just detected a planet circling the star 51 Pegasi, lying 45 light-years away in the constellation Pegasus. Says Queloz: "We first thought that our instrument was faulty, but repeated verifications and computations finally convinced us that we had bagged a planet...