Word: morganized
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Dates: during 1990-1999
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EDITORIAL FINANCE: Eric A. Berk (Manager); Genevieve Christy (Deputy); Patricia Hermes, Esther Cedeno, Morgan Krug, Katherine Young (Domestic); Camille Sanabria, Carl Harmon, Sheila Charney, Aston Wright (News Service); Linda D. Vartoogian, Wayne Chun, Edward Nana Osei-Bonsu (Pictures...
...consumers will have to open their wallets before any recovery can get rolling, and that is by no means ensured. Says Stephen Roach, a senior economist at Morgan Stanley: "Interest-rate cuts are a very constructive stage setter for economic recovery, but we need an improved sense of job security to allow the effects of the cuts to work their way through the system...
EDITORIAL FINANCE: Eric A. Berk (Manager); Genevieve Christy (Deputy); Patricia Hermes, Esther Cedeno, Morgan Krug, Katherine Young (Domestic); Camille Sanabria, Carl Harmon, Sheila Charney, Aston Wright (News Service); Linda D. Vartoogian, Wayne Chun, Edward Nana Osei-Bonsu (Pictures...
...countries of the north will pull even further ahead of the nations to the south. "Countries unable or unwilling to join a single currency, including Britain, will quickly find themselves facing currency instability, higher interest and other very tricky domestic problems," warns David Roche, chief international-portfolio strategist for Morgan Stanley in London. To help lagging economies catch up, the E.C. will create a "cohesion fund" to pour an unspecified amount of cash into transportation, infrastructure and environmental cleanup in the south...
...muscle, no finesse. Tom Hanks lacked the slick stature of Wall Street wizard Sherman McCoy (Wolfe wanted Chevy Chase). Melanie Griffith was no slinky Circe (De Palma wanted Uma Thurman), and Bruce Willis was hardly a desiccated Brit (John Cleese said no thanks). Finally, for reasons of ethnic balance, Morgan Freeman replaced Alan Arkin as a righteous judge, who in the book was a Jew. The novel they said couldn't be filmed . . . couldn't. Not by these folks...