Word: switches
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With hard currency in short supply, black markets are booming. In Marxist Mozambique, drivers of the People's Taxi Service will happily switch off their meters and cruise all day for payment in dollars. No wonder: the black market pays up to 1,000 Mozambican meticais to the dollar, compared with the official exchange rate of 42. "To Africa's sickness, pestilence and disease, add corruption," says Senegal's President Abdou Diouf. "It is endemic to this continent...
Abidjan firm that manufactures jeans, guesses that his company's forced switch to gas-oil generators has increased his overhead...
...committee that designs a horse instead of a camel." Over the past decade, the Trust Company of the West has beaten the S & P 500 index by an annual average of at least 2%, but last year the company fell behind somewhat. Reason: the managers failed to switch money fast enough from high-technology shares, which were big gainers early in the bull market, to stocks in basic industries like steel that came on strong later in the rally...
...exactly friendly, relations. Nixon and Brezhnev formalized the concept in 1972 by signing an agreement pledging each side not to seek a "unilateral advantage at the expense of the other." The Soviets have long accused the U.S. of violating the spirit of d�tente by encouraging Egypt to switch from Kremlin client to U.S. ally?for which there is no evidence?and by enacting the Jackson-Vanik amendment of 1974, which made a U.S.-Soviet trade agreement contingent on freer emigration of Jews from the U.S.S.R. Moscow regarded that as unwarranted interference in its internal affairs...
...pivotal role of Ellie, who must switch from virginal intensity to mandarin self-possession in the flick of an entr'acte, Amy Irving is a revelation. Best known as a movie actress (Carrie, Yentl), she commands the stage with her dusky voice and searing stare. Fifty years ago, she could have been Shaw's next heroine; now she can be Broadway...