Word: neill
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...other over whether or how to combat the slide in the stock market. They like a good roll in the dirt over such issues as the definition of a market bubble. Says one spectator: "It's like a boxing match but with highly dweeby language." Treasury Secretary Paul O'Neill, who prides himself on his real-world pragmatism, honed during 13years as head of Alcoa, belittles Lindsey's academic theories by telling war stories from his boardroom days. Inreturn, Lindsey once denounced an O'Neill suggestion as "yet another bad idea...
...humor piece. You said President Bush "loves it when the elite are upstaged by the streetwise" because he thinks it reflects his life story. Bush is about as streetwise as Malcolm Forbes Sr. was on his Harley. But when the article went on to credit Treasury Secretary Paul O'Neill and Bush's Council of Economic Advisers with deep thinking about the economy, I didn't know whether to laugh or cry. Perhaps George W.'s message on corporate fraud would be less garbled if he could get that silver spoon out of his mouth. STEVEN HAWLEY Issaquah, Wash...
...region's mejor amigo in the new "Century of the Americas." Yet when it came to Latin America's economic travails, Bush adhered to the principle of tough love: no more bailouts. South Americans, however, weren't prepared for the jibe they got from Treasury Secretary Paul O'Neill just before a visit to the continent. Even as a parade of U.S. CEOs stood accused of corruption, O'Neill remarked that Washington shouldn't help save the region's debt-choked economies because the money might wind up in Swiss bank accounts. His quip sent Brazil's faltering currency...
...Once O'Neill saw South America's financial chaos up close during that quick tour of battered Brazil, Uruguay and Argentina, he wasn't so flip. Before he reached home, the Bush Administration surprised everyone by signing off on a $30 billion International Monetary Fund (IMF) rescue loan for Brazil, which began to restore stability. O'Neill gave tiny Uruguay $1.5 billion from the U.S. Treasury to stop a run on that country's banks. Now even profligate, bankrupt Argentina, which has sunk into bottomless recession through corruption and misguided policies, hopes to get in on the aid, though...
Bush's Latin America team argues that this is why it refuses to bail out unreformed kleptocracies like Argentina. Buenos Aires, said O'Neill, still lacks a "crystal-clear idea of the rule...