Word: steeled
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Dates: during 1990-1999
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...surprisingly unassuming man for such a titan among statesmen. His round, cherubic face belied a will of steel that had launched his vast land on the most remarkable transformation of the modern age. When death came to Deng Xiaoping last week, at 92, he was nearly blind, deaf, virtually invisible and the honorary chairman of only the China Bridge Association. Yet even in his long political twilight, he still cast a shadow over the nation, at once reassuring and restricting the Chinese as they march uncertainly toward the 21st century...
This champion of globalization started life in a provincial setting: the isolated west coast of Sweden. Educated as an economist, Barnevik left a management-consulting job to help a troubled Swedish steel company. Success there led to the ceo spot at Asea, a large electrical-engineering firm then in decline. Barnevik carried out a radical and initially painful shake-up, dubbed "Percy's reign of terror...
...took $235 million in kickbacks. Kim's son will be sent abroad. A host of others will not be so lucky. Ten bankers and government officials were already indicted last week on charges of taking or giving millions of dollars in bribes to arrange government loans to Hanbo Steel Industry Co., and after the president's speech, all twelve of his senior secretaries offered to resign. Resignations also were expected to be offered by his Cabinet and key leaders of the ruling New Korea Party. But Kim's shakeup is unlikely to end the scandal. Opposition leaders, unimpressed, are holding...
...Reebok is one of the worst of some 1,500 stocks in CalPERS' portfolio, god bless 'em. They could teach Warren Buffet a thing or two. Have they no Woolworths? The company hasn't been worth a dime in a decade. Times-Mirror trades below its 1987 peak. Bethlehem Steel has been pure lead for years. I don't know if CalPERS owns those awful stocks. The point is that real losers are out there. Dumping on Reebok is like saying you don't want Shaq on your team because he isn't Michael Jordan. Reebok founder and CEO Paul...
...would have known that under the dignified exterior beat the competitive, mass-market heart of a Danielle Steel? (Graham joked that her working title was A Better Life, to distinguish it from Bradlee's A Good Life). As Graham soldiered through a media blitz that would tax someone half her age with two original hips (she had one of hers replaced recently and was still using a cane at her New York City book party last Thursday), her oldest son, Washington Post publisher Donald Graham, fretted that "she would soon be booking herself onto the Home Shopping Network...