Word: new
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Dates: during 1990-1999
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...theater and uncivil disobedience? This vintage '60s protest fest is prompted, incongruously, by the first American gathering of the WTO, a sober, 135-nation group that sets the rules for international commerce. Thousands of trade ministers, politicians and their staffs will hunker down by Puget Sound to launch a new multiyear round of wrangling over how to promote exports--and, as much as possible, avoid one another's imports...
...with 23 members, worldwide trade has expanded some 15-fold, to $6.5 trillion. As the world's largest exporter and importer, the U.S. owes nearly a third of its economic growth in the past decade to trade. "Cooperation is not a choice," says Mike Moore, the onetime meatpacker and New Zealand Prime Minister who heads the WTO. "It is indispensable to survival...
...more than a dozen communities, from Los Angeles to Miami, have begun to target ATM surcharges. The most threatening to banks is New York City, where city council speaker Peter Vallone plans to unveil a proposal next month that would restrict ATM fees in the nation's financial capital. In Congress, Representative Bernard Sanders, a Vermont independent, has introduced federal anti-surcharge legislation. Even the Defense Department has joined the offensive: it wants to ban the fees from ATMs on military bases...
...downsizing of new year's Eve is a logical reaction to that conspicuous, late-second-millennium phenomenon: runaway hype. We've seen years of countdowns, retrospectives and magazine special issues. One entrepreneur went as far as to trademark and license the date 01-01-00 for New Year's gewgaws. No sooner did the milestone begin looming than advertisers began trying to persuade us to, say, associate the Roman numeral 2000--MM--with a certain candy-coated chocolate. Even the Y2K problem has morphed from potential cataclysm to commercial punch line: a Nike ad shows a man going...
Make no mistake, New Year's Eve will be a big deal in places like Vegas, where you can still, if you are so inclined, taste a bottle of 1800 Madeira from Thomas Jefferson's collection at the Rio Suites Hotel and Casino wine party for $2,050 or lease the half-size Eiffel Tower at the Paris for a party of 40 to 50--including chef, butler and host's suite--for a mere $200,000. The stock-option challenged can find Strip accommodations for a (relatively) less exorbitant $400 a night, and those are selling more briskly...