Word: peg
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Dates: during 1990-1999
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...littlest of the bunch, was put back on the breathing machine Monday after using his own lungs for 24 hours. Meanwhile his mother, Bobbi McCaughey, has gone home for the first time in 37 days. "We would like to get back to normal as soon as can be," said Peg Hepworth, Bobbi's mother...
...which she grew up. "My perverseness made me keep it going," she says. The 80's hair she has maintained nearly into the next millenium serves as a perpetual conversation piece. She has been told that she resembles anyone from the vampire Elvira to white-trash TV mom Peg Bundy to country-western singer Wynona Judd. Which would Hicks most like to be? "Elvira, of course, but I fear I look more like Peg Bundy." Are these comparisons supposed to be compliments or insults? When it comes to Big Hair, the line between the two is blurry...
...stroke. "Nobody's out of the woods just yet," Kadlec adds. "There are fundamental problems in the Asian economies that haven't gone away, and that are not going anywhere." Tung Chee-hwa, Hong Kong's Beijing-appointed chief executive, still intends to protect the former colony's currency peg of around eight HK dollars to the U.S. dollar ? and he's got $85 billion in gold reserves with which...
...Tung?s defense of the currency is what drove markets down before ? and if push comes to shove, he will do so again, since Hong Kongers tend to value their currency more than they value their stocks. "Let the peg go," says TIME Asia correspondent John Colmley, "and the basis of the Hong Kong economy collapses." Even $85 billion may not be enough to defend it, he warns, if currency vultures like George Soros move in. So hang on to your seat belts: Messrs. Hang Seng and Dow Jones could be in for another one of their bumpy rides...
...rally at all is sure to help Hong Kong chief executive Tung Chee-hwa sleep a little easier with his determination to uphold the former colony's ailing currency pegged to the U.S. dollar. This was vital for property and banking interests ? which means, as TIME Asia correspondent John Colmley says, "people have been prepared to take the hit for the currency peg. If that were to go, you'll see them jumping out of windows all over town...