Word: triggered
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...high-risk vehicles that often deliver high returns to wealthy investors. After famed investor George Soros lost $2 billion in Russia, John Meriwether's Long-Term Capital Management announced that it had lost $2.1 billion, or half its asset value, so far this year. "Russia and Asia became the trigger for the correction in the U.S. stock market," says David Wyss, chief economist at DRI/McGraw-Hill, a consulting firm. "Although there had already been a softening in earnings over the past few quarters, traders needed to be hit with a two-by-four to make them realize you just...
Russia also became the trigger for another concern, at once political and economic: "We were suddenly threatened by an old fear--the Soviet Union and militarism," says John Silvia, chief economist at Scudder Kemper Investments. "If the world is not as peaceful as we expected, then a lot of money in the U.S. that went into consumer spending and capital investment may now have to go back to defense, and that's going to shock the budget here...
...Starr, that's quite a statement. But an accusatory audit of the campaign's books by the usually toothless Federal Election Commission has provided Reno with precisely what she needed to pull the trigger this time: specific and credible evidence that a major player, such as Clinton or Gore, was directly involved in wrongdoing. "The betting inside Justice is that she'll seek an independent counsel after the 90 days are up," says Shannon. "And along with Gore and Clinton, Bob Dole could be involved...
...floating ruble will slash the savings of some Russians and increase the cost of living for many, especially those who live in the cities, where more than half the food in the shops is imported. Those are cruel blows to a nation that is already suffering, and could trigger enough political backlash and social unrest to threaten Yeltsin and raise questions about who or what will follow...
...starters, the mouth is full of all kinds of bacteria, so piercing any part of it can trigger some rather nasty infections. There is also the risk of contracting hepatitis or HIV from an unsterilized needle, as there is with any piercing or tattooing. And dentists are starting to see a lot of problems they never expected: broken teeth, blood clots, patients choking on loose jewelry. It's a wonder no one has died...