Word: rates
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Dates: during 1980-1989
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...been willing to tolerate the risks arising from life on a fault line is not to say they have been indifferent to them. The recent quake was comparable in magnitude to the one in Armenia last December, which killed 25,000. "A substantial contributor to the much lower death rate in California was that California was conscious of the risk and made significant investments as a precaution," says M. Granger Morgan, head of the department of engineering and public policy at Carnegie-Mellon University. But after last week, earthquakes are going to be viewed as a much more persistent risk...
...this is one area in which those who lament America's low savings rate and high trade deficit could -- I'm not saying should, that's their business -- vote differently...
Among superpower currencies, the Soviet ruble gets no respect. Its official value is so overstated after decades of isolation from the marketplace that even Soviet citizens treat it as funny money. In the past year Soviet economists have openly acknowledged that the ruble's official rate of exchange with Western currencies was seriously out of whack. While the Soviet state bank, Gosbank, gave visiting foreigners only 0.65 rubles for every U.S. dollar, a thriving black market offered as much as 15 rubles. An internal study done for the Central Committee of the Soviet Communist Party reportedly estimated the ruble...
According to Tim Zagat, whose pocket-size books rate restaurants in 14 American cities, game has taken off this season partly because of "an overall interest in finer foods." Joseph Baum, co-owner of New York City's Rainbow Room and Aurora restaurants, agrees. "Flavor is in again, and game is full of flavor," he says. "It's evocative of the past, of tradition. It's romantic." This season Aurora has set up a special game menu for its dinner guests. Last week's offerings included medallions of venison with dried fruit, saddle of hare with black- and white-peppercorn...
That blunt diagnosis is typical of Sachs, 34, an economics wunderkind who was a tenured professor at 29 and has become a champion of debt relief for developing countries. He first gained renown for his advice to Bolivia, which slashed its inflation rate from more than 20,000% in 1985 to 15% today. When Sachs visited Argentina last June, talk-show hosts rushed to schedule interviews. In a single hectic week last month, Sachs was in Peru and Brazil and then jetted to Warsaw, where he advises the new government...