Word: stopgaps
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Dates: during 1990-1999
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...Mahathir's plan, of course, baldly flouts all the IMF's ?- and nearly everyone else?s -- current wisdom on saving Asia. According to their formula, a package of stopgap loans and high internal interest rates can protect the currency and attract foreign capital in the short term by restoring investor confidence. Follow that with swift and painful economic reforms, and recovery should be imminent. But for Mahathir, flipping the Western economic establishment the bird is part of his plan?s allure. The West, Mahathir insists, fears a ascendant Asia, with its large Muslim populations and strong governments, and is gleefully...
...doesn't have much more than $15 billion left," says TIME business reporter Bernard Baumohl. "It knows that that kind of money would just be a temporary stopgap to support the ruble and pay some wages -- to buy some time." For Russia to have a chance at recovery, the money has to be linked to real reform -- improved tax collection and deep spending cuts...
There were skeptics even then. The little capsules, they warned, were only a stopgap, not the final answer to obesity, which is still handled best by eating less and exercising more. They also pointed to unknown dangers from long-term use as well as evidence suggesting a risk of neurological damage and a rare but fatal lung disease...
...Democrats and Republicans, though the move risks splitting open his party and giving Gephardt valuable ammunition for a primary run against Gore. House Republican Conference chairman John Boehner foresees multiple coalitions, with swing votes coming from different members on each issue: the balanced budget, a tax cut and stopgap Medicare reform. "The agenda they're talking about is the agenda we're talking about," he says. "It's likely it will become law." Clinton and Trent Lott, the Senate majority leader, have been talking regularly. Lott was in minority leader Tom Daschle's office last week when Lott's pager...
Clinton has lately talked of enacting some kind of stopgap legislation to keep Medicare solvent beyond 2001, which now looms as the year of bankruptcy, and then appointing a bipartisan commission to suggest long-term solutions. That sounds distressingly like a cop-out, a way to dump the problem into the lap of Clinton's successor...