Word: turmoil
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LOUISE WOODWARD The tension, the turmoil, the despair, the reprieve. What a tale! Too bad it was real...
...worst weeks yet in the region's financial turmoil, fears that the IMF's largest-ever handout would not salvage matters dragged down every Asian market and currency, especially Seoul's. That situation could reverberate ruinously in Japan. Not only is Korea in hock to Japan for at least $24 billion, but a further deterioration of the Korean won--which has lost a staggering 50% of its value against the U.S. dollar this year--would make it harder for Japanese products to compete with Korean exports, from cars to steel to electronics. That in turn would plunge Japan deeper into...
...grew up in the rural town of Akron, N.Y., 25 miles east of Buffalo. By the time Paxon was a teenager, he was volunteering on the campaigns of local G.O.P. candidates and subscribing to the National Review--proof that he was conservative way before it was cool. The turmoil of the late 1960s only hardened his political views; when the 130 high school seniors at St. Joseph's Collegiate Institute in Buffalo registered to vote in 1972, Paxon was one of only two who registered Republican. He was, he remembers proudly, "the only one with a Nixon poster...
...Australian police, however, dismissed the notion, and signs of inner pain quickly emerged. A bottle of Prozac, the antidepressant, was found in the singer's hotel room. And on his last night, his father Kelland saw a young man in some turmoil. Professionally, Hutchence had watched INXS's last album fail, and suffered the indignity of young rockers like Noel Gallagher of Oasis dismissing him as a has-been. During dinner at Flavour of India, the elder Hutchence told Michael, "Son, I'm worried about you." The singer replied that he was "fine," but barely touched his food, opting...
...brighter still without the currency crises in Southeast Asia that have thrown economies and financial markets into chaos. Though the 7% break in the U.S. stock market on Oct. 27 was "a greatly exaggerated reaction," in the words of Robert Hormats, vice chairman of Goldman Sachs International, the turmoil will hurt American exports and the profits of U.S. companies heavily invested there. But strong growth at home and in other big U.S. markets--Canada, Mexico and Europe--should offset much of the damage...