Word: retreater
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...cannot win. An estimated 30,000 Soviet troops have died in the eight-year conflict (compared with nearly 50,000 U.S. troops in Viet Nam). The mujahedin denounced the accord last week, largely because they were not invited to participate, but they are nonetheless gleeful over the Soviet retreat. Said Nabi Mohammadi, the leader of Harakat, one of the main resistance groups: "Small Afghanistan has triumphed over the wild Soviet bear...
...central bankers tried to back their words with action. When the dollar began tumbling in midweek, they quickly intervened in foreign exchange markets, buying up the U.S. currency. But the strategy only slowed the greenback's retreat, and if the trade picture keeps deteriorating, central bankers will find it increasingly difficult to prop up the dollar. Investor pressure to drive the currency down could prove overwhelming. Says Howard Wachtel, professor of economics at American University: "If the dollar really falls outside the band agreed to by the G-7 and direct intervention cannot restore it, then we risk a free...
...House Ways and Means Committee is hosting a retreat in the Smoky Mountains next weekend for its members and 10 prominent economists, including Martin S. Feldstein '61, the Baker Professor of Economics, to discuss strategies on how to reduce the nation's budget deficit, participants said yesterday...
...June Sunday dawns at Doug and Audrey Graves' summer house, which sits on choice island property that has been in Doug's family for three generations. Doug, 54, is spending the weekend at this retreat, away from the city where he desultorily practices law and enthusiastically philanders. Audrey, 51, ensconced for the season and steadily tippling vodka in the privacy of her own bedroom, feels a bit edgy over the arrival, a week earlier, of their unprepossessing son Bobby and the stranger he introduces as his new wife. Audrey wonders whether Lydia, nee Di Salvo, the daughter of a prosperous...
...Edward Kennedy (D-Mass.), the chief Senate sponsor of the measure, said the Senate had demonstrated that "this country does not want to retreat on protections of rights for the American people...