Word: returns
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Dates: during 1990-1999
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...have called for currency controls, re-nationalization and printing more rubles. On the weekend, however, Chernomyrdin went on TV to reassure Russia--and probably the West as well--that there would be no retreat from market economics. "We have already joined the world economy, and there will be no return to the past," he declared. The future, though, remains deeply uncertain...
...between robber-baron capitalism and state control. And now it is snatching away the greatest accomplishments of the painful Yeltsin years: a stable ruble and low inflation. On one sticky afternoon, Yeltsin vows that he will not devalue the ruble and won't even break off his vacation to return to Moscow. Three days later, he does both. Russians view it as a betrayal...
...Teachers, with a staggering $236 billion under management, was founded in 1918 by Andrew Carnegie to provide retirement security for educators. Its funds have never before been available outside education circles. The flagship CREF Stock Account was started in 1952, and since then has returned an average annual 11.7%--under the S&P 500's 12.7%, but a noteworthy return in that it invests in a broader range of stocks that makes it less risky. The open-end funds are run much like the highly successful institutional funds, which are focused on the long term, engage in limited trading...
...around the time that Marshall was registering altavista.com I was snagging the domain name mcdonalds.com for a Wired Magazine story. I suspect that Marshall paid for altavista exactly what I paid: nothing. In those good old days, name registration was free. A $3.3 million profit is a pretty good return on your investment--though some readers might point out that it's in line with the kind of performance that Wall Street expects from Internet businesses...
...Though Greenspan's choices reflect his desire to "avoid any conflicts of interest" and "have nothing to do with the market," it's no surprise that the notorious skeptic would invest in bonds. Caution, though, doesn't come cheap; in 1997 one-year T bills had a 6.2% return, while the S&P 500 rose...