Word: seniorities
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Dates: during 1990-1999
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...vessel into Japan's seas (Japanese self-defense forces opened fire for the first time since World War II) and arrested foreigners (later released). It might sound like the moves of a country in chaos, but observers say it's deliberate. "They're great poker players," says a senior U.S. official...
...digital all-bio channel and a magazine whose readership A&E places at more than 2 million. The program's thesis is simple: people are more interested in history that has a famous face on it. "We live in an age of celebrity," says Michael Cascio, A&E's senior vice president for programming. "That's how people define an era; that's how they define their own life, by the people...
...Bank of New York senior VP Natasha Gurfinkel Kagalovsky, who spearheaded the bank?s expansion effort into Russia, is one of the executives suspended in the money-laundering flap. Her husband? Konstantin Kagalovsky, who in the early '90s was Russia?s representative to ?- guess what? - the IMF. It gets better. The other suspended executive, Lucy Edwards, is married to a shady businessman named Peter Berlin, who authorities have linked, through his company Benex Worldwide, to reputed Russian mobster/arms dealer Semion Mogilevitch. All this makes the Bank of New York look either complicit or stupid - and the IMF look just plain...
...well into record territory. And all this on the eve of a rate hike? Welcome to the "discount" rally. "It?s not so much whether Greenspan raises rates or not, it?s how sure they are that they know what he?s going to do," says TIME senior economics reporter Bernard Baumohl. "Right now they?re sure ? they?ve discounted for the rate hike over the past few sessions, and today the rally...
...comfortable little assumption: When the Fed meets on August 24, Alan Greenspan will nudge up interest rates by a quarter point, and just a quarter point. "If you look at the general slope of the numbers, it?s apparent that inflation pressures are picking up a little," says TIME senior economics reporter Bernard Baumohl. "It?s not out of control, but it gives the Fed a good opportunity to move...