Word: nationale
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Dates: during 1980-1989
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But the suddenness of Poland's great leap may create new problems, even as it seeks to solve old ones. The country lacks economic institutions that took centuries to develop in the West: it has no stock exchange, no commercial banks, little experience in the rough-and-tumble of a...
-- MORTGAGE CEILING LOWERED, reports the New York Times. "The ceiling on the size of single-family home loans purchased by the Federal National Mortgage Association is declining by $150, to $187,450 next year, the first drop in at least a decade."
As we would with any other master politician, we should look at Gorbachev's deeds as well as his words. One example is Soviet military power. He still spends 20% of his gross national product on defense, compared with 6% in the U.S. He has modernized all three legs of...
In 1983, three years before Corazon Aquino rode a wave of national anger to become President of the Philippines, one of the country's most astute political observers made an eerily prescient assessment. "So she becomes the rallying point," he said. "Immediately, corruption will increase. Everybody will feather his nest...
Just as she has done after every other major coup attempt, the President displayed resolve and dispatch. Aquino peremptorily summoned the country's Senators to Malacanang Palace and bluntly presented them with her declaration of a national state of emergency, the closest thing to martial law that the constitution allowed...