Word: prospect
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...image provoked an unseemly squabble. Two days before Christmas, thieves stole a small jewel- encrusted painting of the saint from St. Irene Greek Orthodox Cathedral, which is located in Astoria, a predominantly Greek neighborhood in New York City. The icon, which congregationers say began to shed tears at the prospect of the Persian Gulf war, is valued by the church at $800,000. Church leaders went on television to plead for the icon's return. New York Mayor David Dinkins -- and the Mafia -- joined the appeal. On Dec. 28 the icon showed up in the mail, without the jewels...
That also should enable Yeltsin finally to lift controls on prices and "privatize" state-owned property. To many Russians, that prospect is as appetizing as a large dose of castor oil. With everything in short supply, it is not surprising that the collectivist ethic has given way to the principle of every man for himself...
Nothing causes more alarm for Russians than the prospect of a bleak winter without food. Famine has recurred with frightening regularity during seven decades of communist rule. "Hunger did not start with perestroika," explains Dmitri Pushkar, a deputy on the Yaroslavl regional council, who monitors food supplies in the countryside. "It began with the coming of Soviet power." Vadim, a local taxi driver, puts it more bluntly: "I remember the postwar famine of 1947, when we had nothing to eat but nettles and goose feet. So what else...
...commonwealth has managed to stave off, at least for the moment, the threat of an outright economic war between the sundering union's republics. That prospect played no small part in pushing the commonwealth's founders together. When Yeltsin, Kravchuk, Belorussian leader Stanislav Shushkevich and some aides gathered at the Belovezhskaya Pushcha dacha, a forest retreat outside the city of Brest, on Saturday, Dec. 7, they appeared to have no intention of declaring the old union dead and founding a new association. But they quickly found they could not come to any other agreement -- and agreement was imperative...
...Maastricht decisions raise the prospect of a "two-tier Europe" in which the economically powerful countries of the north will pull even further ahead of the nations to the south. "Countries unable or unwilling to join a single currency, including Britain, will quickly find themselves facing currency instability, higher interest and other very tricky domestic problems," warns David Roche, chief international-portfolio strategist for Morgan Stanley in London. To help lagging economies catch up, the E.C. will create a "cohesion fund" to pour an unspecified amount of cash into transportation, infrastructure and environmental cleanup in the south...