Word: peg
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Dates: during 1990-1999
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...fiercer battle will be over Chernomyrdin's proposal to peg the ruble to the dollar via a currency board -- everyone from international lenders to the Communist opposition is skeptical. "It's like having 1,000 people in a room with no air, and then throwing in a bottle of oxygen with enough for three or four people and saying work it out among yourselves," says Meier. The Darwinian culling of the banking sector has limited appeal to anyone except Moscow's oligarchs, who hope to salvage some of their wealth. Foreign bankers have little enthusiasm for the plan -- besides doubts...
...investors who were betting that Asia has farther down to go before it takes any steps up. On international markets, it was the yen slip that triggered the attack against the HKD. During a weeklong run-and-gun battle between speculators and the Hong Kong Monetary Authority, the peg remained firm. (The HKD is pegged to the U.S. dollar at a ratio of 7.8 to 1.) A defiant Joseph Yam, head of the HKMA, vowed in the press conference, "I am going to hit them [speculators] where it hurts." But the defense cost Hong Kong billions (the government...
...burden on the one who receives, but there is really no game to it. Nobody wins or loses. You drop the ball; you pick it up. Once you've got the basics down, it doesn't matter if you bobble a ball or two, or if you can't peg it as far as you once could, or if you have to stare and squint to pick...
...wanted readers to ask, 'Where's what's his name? Why was he omitted?,' you succeeded beyond your wildest dreams." PEG DUNGAN Clio, Iowa...
...equally important lesson, though, is the ultimate narrowness of the Harvard experience I have seen. When I return, I look forward to being a round peg in a college of square holes. Despite the diversity of backgrounds and experiences that have led us to Harvard, once here, our undergraduate experiences are remarkably conformist. This may be part of the College's mission, yet the lack of acknowledgment among students of this normalization strikes me now as I leave it for a year. Look around. People gather to watch the same shows and recommend the same Cores to one another...