Word: turned
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Dates: during 1990-1999
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...real issue is how to manage the implications of the globalization process and turn it into a historic opportunity for greater wealth creation and distribution, into a tool for larger integration in the world economic system. That is especially important for regions that so far have been left on the sidelines and are condemned to oblivion and despair--maybe even violent revolt--if they are not given a chance and the means to integrate themselves into the world economy...
...quickly erase those paper gains and choke off the spending boom. So while the Clinton Administration is touting consumption-driven growth, Dresdner Bank's Ernst-Moritz Lipp is critical. "We shouldn't praise as an important development something that is due to an unsustainably low savings rate driven, in turn, by an asset-price bubble," he says...
...most serious threat to world financial and economic health is a collapse of the U.S. dollar, which could come when foreign investors finally deem the current account deficit to be out of hand. That would make the U.S. less attractive to foreign investors and depress the stock market, turning the wealth effect that has made Americans so willing to buy on credit into a bad hangover. And if Americans curtail their buying, that will kill the main engine of recent U.S. expansion, which in turn will stunt other economies, particularly Asian and Latin American countries that aim to build their...
...stocks and cheap gasoline to care about their soul. But that diagnosis also invited a closer look. We call ourselves God's country, always scooping up lost religious rebels into a nation safe for people with strong moral views. This year revealed how strong and how varied those views turn out to be. Clinton has privately called the Congress that dared pursue him "Stalinist"; James Dobson, meanwhile, has said the American people can no longer recognize the nature of evil. But 1998 was a year of public corruption and private progress, of numbers that shouted of moral uplift as crime...
...visible accountability. Starr usurped congressional prerogatives when instead of following Leon Jaworski's Watergate precedent of submitting his findings in a neutral form and allowing the House of Representatives to make its own judgment, he shaped them into a demand for impeachment. From compliant judges he obtained rulings that turn White House lawyers, aides and even Secret Service personnel into potential informers for any independent counsel. There is no one in the White House with whom Presidents will be able to discuss confidential problems without fear of subpoena (except for their spouses, who presumably cannot be required to testify...