Word: rubins
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...government?s inaction, have lately been trying to be conciliatory and quietly helpful, you might have thought that last weekend?s bank-rescue agreement between Prime Minister Keizo Obuchi and the opposition would immediately encourage better relations with Washington. Wrong. Ever since an unproductive meeting between Treasury Secretary Robert Rubin and Japanese finance minister Kiichi Miyazawa in San Francisco on Sept. 5, Miyazawa?s office has dodged attempts to set further discussions with U.S. officials. And last Friday, on the eve of Obuchi?s summit with Bill Clinton, his chief cabinet secretary abruptly canceled a meeting with U.S. Ambassador Thomas...
...Treasury Secretary Robert Rubin, sitting next to Greenspan, stuck mainly to his good-cop stance. After the traditional call for Japan to take "swift, strong fiscal action," Rubin went back to doing the administration?s business -- trying to squeeze IMF funding out of the House as soon as possible. Indeed, both men ?- who these days are not-so-laughingly deemed the last two viable leaders in the economic world -? remain convinced, even as the contagion continues to spread, that their bitter-pill regimen is the only way to go, not only to cure today?s ills but to immunize economies...
...hinted, as to raise them. "It is just not credible that the U.S. can remain an oasis of prosperity unaffected by a world that is experiencing greatly increased stress," Greenspan said in a speech at the University of California, Berkeley. Then he headed off to join Treasury Secretary Robert Rubin in a meeting where they urged Japan's new Finance Minister to deal with his country's insolvent banks and other financial troubles, which are dragging down not only the huge economy and financial markets of Japan but also those of other Asian countries...
Others seemed content to ride it out, in the knowledge that the gains of the past few years will cushion the impact of a down market now. "Anyone with brains knows the thing to do is to sit back and wait," says Stephanie Rubin, 52, an executive with a search firm in Chicago who has about $300,000 in stocks. "If it's down 25% on paper, it doesn't bother me because it's money tied up in an IRA account. I'm not going to touch this money till...
MARRIED. CHRISTIANE AMANPOUR, peripatetic CNN correspondent, and JAMES RUBIN, bureaucratically rooted State Department spokesman; in Rome...