Word: replenishers
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When the country's currency and stock market came crashing down of its own weight, Mahathir blamed outsiders--a cabal of speculators, Jews and enemies of the developing world. To replenish the treasury, he asked the rich to pawn their jewelry overseas and bring the money back to Malaysia. To cut a huge foreign bill for food, he asked people to plant vegetables in their front yards. Last week Mahathir took the bold step backward of withdrawing Malaysia from the global economy, sealing off its currency from outside trade and sacking the pro-market Finance Minister. Absurdly, he also found...
Last week the Administration began its campaign on Capitol Hill to replenish the coffers of the International Monetary Fund, which were depleted by its $120 billion bailout of Indonesia, Thailand and South Korea. Treasury Secretary Robert Rubin went to Congress to request an $18 billion boost for the IMF. Getting it will not be easy, since last year Congress rejected a much smaller request...
...will reap significant rewards. His aides may bristle at the word, but legitimacy is something Fidel has always sought. Just appearing on the same stage with the Vicar of Christ lends a powerful measure of respectability to the Cuban Comandante. At the same time, the regime will seek to replenish the threadbare rhetoric of the revolution by emphasizing the moral link between Christian and socialist ideas. A papal critique of unbridled capitalism is anticipated by the socialist government. Officials hope the reception they accord the Pope will accelerate the rapprochement between religious and secular segments of society...
...large bin of holiday pillows empties out almost as quickly as the staff can replenish it. Across the floor the supply of a dozen treadmills is getting dangerously low. And forget about buying an electric wreath or 3-D star for Christmas. Gone...
...goal is to get workers the money that's owed them as quickly as possible." Reich's pragmatic approach, said TIME's Bernard Baumohl, is most likely due to the prohibitive legal costs of pursuing errant employers. "Companies have now been given due warning and a grace period to replenish the 401(k)," said Baumohl. "If they don't, they are aware of the consequences -- that the government will go after them much more aggressively and they will get a reputation among American workers for being irresponsible with retirement savings." The 401(k) is vulnerable to fraud because rules regulating...