Word: next
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Dates: during 1990-1999
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...bearing, his precisely phrased and brutally delivered statements--all so different from the doddering Yeltsin and his mangled, half-incomprehensible public utterances. In the past few months, as Russian troops have streamed into Chechnya, Putin's popularity has soared. And though the presidential elections won't take place until next June, the Duma outcome was widely seen as a sign of Putin's strength. A vote for Unity was, in most Russian minds, a vote for Putin. Immediately after last week's results were known, the Prime Minister's aides fanned out among the news bureaus of Moscow, driving home...
...have about as many seats as the communists. The communists once again are loudly declaring victory, but Putin is undoubtedly quite satisfied. The communists do not have enough votes to block legislation, but the vote was good enough to encourage communist leader Gennadi Zyuganov to run for President again next June. This is exactly what the Kremlin wants. Kremlin controllers know that Zyuganov, wooden and thin-skinned, is a weak campaigner, and they will be able to pitch the contest as a race between the old and the new. The big loser in the election, however, is Primakov...
...make 1999 the year tech stocks finally silenced their naysayers. "The NASDAQ represents the vanguard of the American economy," says TIME senior business writer Bernard Baumohl. "Many of the companies represented on the index are going to be the winners in the next ten or twenty years because they're on the cutting edge of innovation and growth in the American economy." And that's going to make NASDAQ the place to be in the unnamable decade we?re about to enter...
...reduction in capital expenditure on technology once the Y2K problem has passed - companies are more likely to maintain that investment in order to stay ahead. There may be a shakeout in the NASDAQ in the coming months, but it will probably still outperform the DOW and S&P again next year, and in the foreseeable future...
BACK TO SCHOOL Thanks to a law President Clinton signed last week, employees whose companies pay college expenses now have more time to complete their course work. The legislation extends employer-paid educational assistance that was to run out next May until Jan. 1, 2002. Employees can receive up to $5,250 a year tax-free for their undergraduate expenses, including tuition, books and fees. Companies typically provide the money as a re-imbursement for employees after a course has been completed. About 1.5 million U.S. workers are enrolled under the plan...