Word: swifts
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Dates: during 1990-1999
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Offical response was swift. Governor Ann Richards designated 33 counties disaster areas, clearing the way for federal assistance. Richards, in the midst of a tough re-election campaign, toured extensively throughout flooded areas in a Texas National Guard helicopter on Tuesday, then held a news conference in the Houston airport. Her opponent, George W. Bush, toured a flooded Houston subdivision in a boat piloted by a Republican county commissioner and helped evacuate a stranded teenager from her home...
...toughest break, however, came in the form of Stauffer's wrist. Yale found a way to stop the swift midfielder by legally tripping her up, but Staufler landed on her wrist, fracturing it. She will miss about two weeks of action...
...this financial wreckage was barely discernible when TIME warned last spring in a cover story that derivatives posed a new and little understood threat to U.S. consumers and companies. This risk is so apparent because of the swift rise in interest rates that the Federal Reserve engineered this year to forestall inflation. The abrupt increases reversed a four-year trend in which interest rates had steadily fallen, and in the process hammered bonds, money-market funds and other investments that relied on continued low rates to sustain their value. "In the long bull market in interest rates, people got sloppy...
...struck soon after the deal was completed when former Kidder merger whiz Martin Siegel pleaded guilty to illegal stock trading and tax evasion in a case that broke open Wall Street's most notorious insider- trading ring. This year Kidder has witnessed not only another huge scam but a swift run-up in interest rates that has battered the firm's portfolio of mortgage-backed securities; the drubbing could mean more than $500 million in losses for the ailing brokerage house, according to an outside estimate...
...less important in the world's economies; a job is a job, whether it be in Budapest, Buenos Aires or Birmingham, Alabama. Still, certain ancient human emotions have not yet adapted to the new realities. Some of the new expatriates tell of encountering resistance from their parents. When Rob Swift, 23, graduated from Stanford last year with a degree in international relations and announced that he had found a job in India, his mother offered to pay him to stay behind. And it's a safe bet that some of those spectators watching their offspring collect Harvard M.B.A.s wish...