Word: zimbabweans
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Dates: during 1990-1999
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This doesn't mean that investors should rush to put their nest eggs into Zimbabwean stocks. The risk to a hard-currency investor of losing on conversion what has been won in local currency is only one of the hazards. All markets fluctuate, but small exotic markets, often thin and subject to political instability, are apt to fluctuate more. Nonetheless, sophisticated investors and their brokers cannot ignore the opportunities provided by the extraordinary diversity of market performance. Nowadays there is always money to be made somewhere in the world...
...spot at the U.N. in the post-cold war era and regarded Ghali, 69, as too old. To the surprise of Security Council members, his victory came on the first official ballot. The last straw poll had given the edge to the leading black African candidate, Zimbabwean Finance Minister Bernard Chidzero. But on the first tally, 11 members selected Ghali and none of the five permanent members of the Security Council vetoed him. Among the other candidates, including Chidzero and early favorite Prince Sadruddin Aga Khan, a veteran U.N. figure who had his eye on the job for 20 years...