Word: successional
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There importunate foreign callers discover a much weightier Paris Club: a discreet group of officials from 16 industrialized countries who meet regularly to ponder overdue Third World loans owed to their respective governments. The club was started in 1954, when Argentina, faced with a liquidity squeeze, called for an ad...
If that is so, it could be bad news indeed for Chun and Roh at a time when their political scenario calls for nothing but happy headlines. South Korea is enjoying a period of spectacular economic growth, which has averaged about 8% annually over the past 20 years and is...
South Korean suspicions about the North are matched only by uncertainties about the country's future after the Great Leader dies. Kim's eldest son, Kim Jong Il, 46, has been designated as his father's political heir, but there have been rumbles of discord within the North Korean Communist...
But the success won Reed the daunting task of expanding the bank's consumer business, a major goal of former Chairman Wriston, who became a mentor. Reed triumphed again: he opened hundreds of new branches, bought the Carte Blanche and Diners Club credit-card companies, and launched Citicorp even more...
Isolated and exposed on the open seas, surface fleets in the 20th century have proved increasingly vulnerable to a succession of ever more sophisticated attacks from the air. In 1921, Army Air Service General Billy Mitchell demonstrated that rudimentary aerial bombardment could scuttle the most heavily armed warships, a lesson...