Word: richest
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Dates: during 1990-1999
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...handiwork of Sergei Mavrodi, who is in his late 30s. Overweight and partial to expensive Italian suits, Mavrodi called himself an entrepreneur -- the label covers a lot of ground in Moscow these days -- and recently appeared in a newspaper survey as the sixth richest man in the country. He launched the MMM fund in 1992 with 100,000 rubles, worth about $50 today. Like all pyramid-type schemes, his snowballing effort worked well for a time. Shares priced in February at 1,600 rubles (the equivalent then of $1) traded at 105,000 rubles two weeks ago. Mavrodi apparently...
...future and doubled its potential worldwide oil reserves by the stroke of a pen on a contract. Over the next 40 years, the company and the Kazakh government plan to invest $20 billion to develop the vast Tengiz field near the Caspian Sea, which contains some of the richest sources of oil and gas on earth. So deep are the deposits that geologists have yet to find the bottom. The oil-saturated rock formations are "two or three times the thickness of anywhere else in the world," estimates a senior official of the U.S. Department of Energy. "We're talking...
...health reforms, barely approving a plan to insure every American by 1998 and requiring employers to foot most of the bill. But just before the 20-18 vote, their counterparts in Daniel Patrick Moynihan's Senate Finance Committee dumped the president's employer mandate, voting instead to tax the richest health benefit plans and set a goal of getting at least 95 percent of Americans covered by 2002. Three conflicting Congressional health care bills will now go through another shredding before a compromise squeaks onto the House and Senate floors...
...high point of the seven centuries of Moche civilization, Alva estimates, 5,000 people lived in the sandy foothills near Sipan. There too were the busy workshops of the masterly skilled artisans who created the richest treasures found in the Western hemisphere. They perfected an alloying technique, using gold, silver and copper and formulated a method of gilding copper by electrochemical plating...
...believe we had an extremely serious problem but not a pervasive one," said Warren Buffett, the country's richest man and a great stock picker, brought in by Salomon to handle its damage control. The Sears version went as follows: "We strongly believe that these instances were isolated and there has been no pattern of this conduct." Sears also said, "In the automotive business, mistakes can and will occur...