Word: reportedly
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Dates: during 1990-1999
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Tales of treachery at the heart of NATO could help restore a downed stealth fighter?s bruised reputation, but the story may be less than the sum of its parts. NATO has reportedly arrested a spy within its command structure who allegedly passed on sensitive information that allowed Yugoslavia to down an F-117 stealth fighter in March, according to a report in the Scotsman newspaper. Unnamed NATO sources told the paper that a financially motivated turncoat had sold Russian intelligence agents some of the alliance?s Kosovo battle plans, including "detailed flight plans...
Moved PermanentlyMoved PermanentlyFortune Investor Data"It?s just more good news," says TIME senior economics reporter Bernard Baumohl (although that wasn't immediately reflected in the market, which took profits from Wednesday?s record close). "This takes even more pressure off the Fed to raise rates again anytime soon; the economy seems to be slowing down just as it hoped." Thursday?s report isn?t a guarantee, though. Most of the slowdown was due to the trade deficit; imports aren?t counted in the GDP, although they do show up in the overall economy when cash-loaded consumers head...
...nest of gamblers, Wall Street can take a while to place its bets. But when it does... Nearly a full week after a tame inflation report made it apparent that the Fed would raise rates once, and just once, when it meets this Tuesday, the markets finally got used to the idea on Monday. The Dow came charging out of the gate to steam up more than 130 points, and after a midafternoon lull sprinted through the tape at 199.15 ? well into record territory. And all this on the eve of a rate hike? Welcome to the "discount" rally...
...members, the head of the Atlanta Olympic Committee, Billy Payne, said his group won the 1996 Games without resorting to underhanded tactics. "We did not bribe anyone," he said in February. "We did not make cash payments. We did not give outrageous gifts." And in a June report to the House Commerce Committee investigating violations of federal bribery laws in Olympic bids, Payne and former Atlanta mayor Andrew Young attested to only 38 items exceeding the $200-per-gift limit...
...Athletics Foundation, investigators say there were many gifts worth more than $1,000, including offers of scholarships to IOC family members. In fact, the discrepancies were so great that earlier this month the law firm that represented the city's Olympic committee asked Commerce if it could "amend" the report. Let's hope it is right this time...