Word: neill
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Dates: during 2000-2009
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...motorcade pulls up and Secret Service agents fan out, the children of Wamili, a village of mud and grass huts in the north of Ghana, break into song. The tribal chief welcomes Bono, leader of the rock band U2, and his traveling sidekick, Paul O'Neill, the buttoned-down U.S. Treasury secretary. Each is presented a traditional robes and a matching floppy hat. Bono's fits nicely. O'Neill's seems several sizes too small. The chief looks apologetically at the Treasury secretary and says, "I think one of you got a bigger one." To which Bono replies with...
...Like heroes in a buddy movie, opposites attract. Striding through Accra's sprawling Makalo market past mounds of fresh pineapple, peppers and salted fish, O'Neill wears black tassel loafers and gray slacks; Bono sports a rumpled safari shirt and his trademark blue wraparound sun glasses. O'Neill, the former head of Alcoa, interrogates vendors on the economics of their business, trying to figure out the impact more U.S. aid might have. Bono walks up to a merchant selling psychedelic tie-died textiles and asks, "Have you ever heard of Jerry Garcia? " When O'Neill's microphone goes awry...
...jiujitsu, rare a few years ago, now number more than 250 nationwide. Renzo and Royler Gracie's Brazilian Jiu-Jitsu Theory and Technique is Amazon's No. 1 martial-arts book. And as with any true trend, celebrities are getting in on the act: Nicolas Cage and Ed O'Neill (Married ... With Children's Al Bundy) are among its newest converts...
CURRENCY RATES What Happened to the Strong Dollar? For some reason Paul O'Neill looks cooler when he's hanging out with Bono than when he's talking about monetary policy. But what the U.S. Treasury Secretary suggests about the dollar matters a lot, because it affects all those things - trade, aid, the economy - that his trip with Bono to Africa is about. As the dollar hit five-month lows against the yen and slouched to around 92? to the euro, it became clear that O'Neill had abandoned the Clinton Administration's strong-dollar policy to let the markets...
...makes further falls in the dollar likely. European exporters might not like it, but at least a weak dollar could keep European interest rates low. And it is better that the dollar eases to a sustainable level now rather than crashing later. If the market works like O'Neill thinks, the economic band may play on. But if things move too slow or fast, he may be caught between a rocker and a hard place. UNITED KINGDOM Fasten Your Seatbelts Britain's National Air Traffic Services (NATS) is in for a bumpy ride. Privatization was meant to modernize and bring...