Word: suffering
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Dates: during 1990-1999
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...idea of a program uninterrupted by commercials (Christof makes his money from product placement and ancillary markets) is nearly as naive as Truman. The show is also pretty tame. Unlike most daytime-drama characters, Truman is a faithful husband who has no evil twin and does not suffer bouts of amnesia. For 30 years the show has been a pageant of placidity, a hypoallergenic soap opera where the tension is in the subtext. Will he find out? How's it going...
...that, the Muslim nation has to suffer another kind of tit-for-tat. President Clinton, who spent Wednesday night begging Sharif not to go ahead with the blasts, has already pledged to deliver the same kind of punishments imposed on India. The effects on Islamabad -- still saddled with sanctions for trading missiles with China -- will be exponentially greater. And that's not counting the crippling cost of a now inevitable subcontinental arms race. Back in 1974, Pakistani prime minister Zulfikar Ali Bhutto vowed his country would go nuclear even if his people had to "eat grass." Now the nukes...
...instant Asia's economies cracked last year, Howard Greenspan feared the worst for his bank. As a longtime customer and investor in the Canadian Imperial Bank of Commerce, the second largest in Canada, Greenspan knew it was a big player in the Asian derivatives market. The bank would suffer from the Asian fallout, but how much? At the company's annual meeting in January, Greenspan, a Toronto management consultant, asked CIBC chairman Al Flood about the bank's derivatives. But Flood cut him off, and a subsequent attempt was unavailing. So Greenspan took CIBC to court a month later...
...American bank that could have the most at stake is J.P. Morgan. Government examiners, who have access to internal bank records denied other mortals, put Morgan's total credit risk from derivatives at $116 billion at the end of last year, the largest of any U.S. bank. Should Morgan suffer a loss of just one-tenth of that from defaulting customers, the bank's equity could be wiped...
...both Malaysia and Thailand still struggling, the Asian economic crisis is far from over. In the worst- case scenario, one or more large derivatives defaults from Asia and sets off a chain reaction of failures. In the meantime, Howard Greenspan still awaits information to see if his bank will suffer from the fallout. "In the final analysis, this has little to do with Asia," says Greenspan. "It's derivatives themselves. We are into the age of global financial risk...